Laserfiche WebLink
arena project. This information was based on the adjusted Marquette <br />Partners study and this information was also the basis for the city 1997 ice <br />arena operating budget (see attachments). Unfortunately, nowhere in these <br />budgets are capital outlay items discussed or considered. This presents us <br />with a problem as even $6,000 in expenditures (or a $10,000 expenditure for <br />a public address system) was not envisioned as a budget issue when the new <br />arena was planned. Besides capital outlays not being in the budget, we don't <br />know if the city will receive all of the revenues that are being projected or <br />will be able to keep the expenditures to the level that is being proposed. This <br />makes authorizing additional expenditures very difficult. <br /> <br />If the City Council is to accept a proposal for this sub floor heating, then <br />reserve funds will have to be accessed and used. Equipment/Infrastructure <br />reserves are available for this type of expenditure if deemed appropriate by <br />the City Council. I think that is the issue that needs to be evaluated by the <br />Council and, in this regard, the Commission may need to "sell" the proposal. <br /> <br />Attachments: <br /> <br /> · Financial Data for Bonds <br /> · 1997 Budget <br /> · Revised Marquette Study <br /> <br /> <br />