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ST. AUGUSTINE, Fla. -- The City of St. Augustine announced how much money the Mumford and Sons Gentlemen of the Road tour made for the city.

According to figures released this afternoon, the city spent $533,966 and made $526,390. That means the city was $7,576 in the red.

The shuttle program was the most expensive part of the concert weekend for the city, but the St. Augustine City Manager John Regan said it also generated the most revenue.

On Wednesday afternoon, he said he was happy with the figures.

"Oh that's great. In our world, that's essentially break even," Regan said, "To be able to pay all of our bills and have an event like Mumford and Sons, we hit our goal."

"We still have $14,000 - $15,000 that we're still discussing with AC Entertainment (concert promoter and producer), but we thought it was important to go ahead and get out our very confidant revenue and expense tally," he said.

For a complete report about the City of St. Augustine's financial report regarding the Mumford and Sons concert weekend, check out Thursday's edition of The St. Augustine Record.