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<br /> <br />5.Review 2007 current information on the 2007 budget and the draft budget for <br />2008 <br /> <br />Director of Finance, Tim Simon, discussed the budget information included in <br />handout for year 2006, 2007 and the draft budget for year 2008. <br /> <br />Arena concessions showed a net profit of $22,503 for 2006. 2006 showed <br />nice operating income before the building debt which will be ongoing until <br />year 2013. <br /> <br />Year to date, 2007, concessions are doing well. Projected 2007 operating <br />income before building debt will be approximately 48,990. <br />Projected operating income for 2008 will be approximately 63,110 before the <br />building debt. <br /> <br />Some of the trends that are showing are decreased summer programs, due to <br />the absence of some hockey camps going to Rogers Arena, decreased arena <br />advertising, and insufficient off ice programs. <br /> <br />2008 shows two major capital outlays, one of which is to purchase a new <br />Zamboni and the other is to replace the battery on the old Zamboni. <br /> <br /> <br />6.Add a Skate Club representative to Arena Commission <br /> <br />Arena manager, Rich Czech has requested that the Elk River Skate Club be <br />represented on the Arena Commission. It has been noted that the City Council <br />has the authority to change the number of commissioners. Vice Chair, <br />Johnson and Commissioner Barth both agreed that another community <br />member representative on the board would be a positive opportunity to get the <br />word out regarding the Elk River Ice Arena and everything it has to offer. <br /> <br />MOVED BY VICE CHAIR JOHNSON AND SECONDED BY <br />COMMISSIONER BARTH TO RECOMMEND TO THE CITY <br />COUNCIL THAT IT WOULD BE ADVANTAGEOUS TO INCLUDE A <br />SPOT ON THE ARENA COMMISSION FOR A ELK RIVER <br />SKATING ACADEMY SPOKESPERSON. MOTION CARRIED 5-0 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />