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Elk River Ice Arena
<br />Revenue and Expenditure Summary
<br />For the Period Ending December 31, 2011
<br /> 2012 2011 2010 2009 2008
<br /> Budget Actual Actual Actual Actual
<br />REVENUES
<br />Ice Rental 488,000 493,698 478,393 437,098 424,106
<br />Recreation Programs 95,800 89,346 94,688 119,288 139,706
<br />Admissions 22,900 25,630 22,573 18,530 23,354
<br />Sign Rental 17,500 18,086 18,002 16,688 17,293
<br />Dry Floor Events 17,400 19,518 17,442 16,038 9,034
<br />Vending 14,000 11,796 13,012 14,215 17,212
<br />Skate Sharpening 4,300 4,223 4,372 4,767 4,980
<br />Building Rent 2,600 2,600 2,600 2,600 2,600
<br />Other Mdse Sales/Misc. 2,900 2,849 2,027 1,666 2,238
<br />TOTAL 665,400 667,746 653,109 630,890 640,523
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<br />EXPENDITURES 7
<br />~~3"
<br />Personal Service 294,450 265,932 266,627 267,992 253,447
<br />Other Operating Expenditures 220,000 232,895 235,281 240,001 268,189
<br />Vending Mdse for Resale 8,000 6,098 6,958 6,222 7,279
<br />Other Mdse for Resale 600 840 237 1,335 1,577
<br />Recreation Programs 53,750 34,121 40,037 47,669 55,132
<br />TOTAL 576,800 539,886 549,140 563,219 585,624
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<br />CONCESSIONS
<br />Sales 69,000 77,768 69,132 59,510 66,500
<br />Less: Product & Supplies 24,450 32,990 31,988 25,019 31,544
<br />Salaries 22,700 20,084 17,655 16,225 24,430
<br />Net Profit 21,850 24,694 19,489 18,266 10,526
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<br />OPERATING INCOME (LOSS) 110,450 152,554 123,458 85,937 65,425
<br />
<br />Capital Outlay 20,500 42,143 - - 100,202
<br />Building Debt' - 200,780 199,900 198,450 201,715
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<br />NET INCOME (LOSS) 89,950 (90,369) (76,442) (112,513) (236,492)
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<br />Other Income
<br />Contributions/Rebates - 7,012 6,743 4,731 7,368
<br />Grant Contribution - - (39,417) - -
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<br />Transfers In
<br />Capital Outlay -Liquor Fund - - - 6,961 100,202
<br />General Fund - 90,369 76,442 105,552 136,290
<br />
<br />Change in Fund Balance 89,950 7,012 (32,674) 4,731 7,368
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<br />Cash balance of surcharge 13,755 $ 6,743 $ 39,417 $ 34,686
<br />* =building debt paid on 12101/2011
<br />4/13/2012
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