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Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending July 31,2013
<br /> 2014 2013 2013 2013 2012 2011 2010
<br /> Budget Budget(revised) Budget YTD Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 520,000 493,000 493,000 231,932 532,356 493,698 478,393
<br /> Recreation Programs** 76,000 100,500 100,500 60,562 70,905 89,346 94,688
<br /> Admissions 28,500 25,500 25,500 9,582 30,384 25,630 22,573
<br /> Sign Rental 24,500 18,000 18,000 2,707 23,551 18,086 18,002
<br /> Dry Floor Events 19,500 19,500 19,500 14,415 17,463 19,518 17,442
<br /> Vending 14,000 11,800 11,800 5,801 13,879 11,796 13,012
<br /> Skate Sharpening 4,300 4,300 4,300 2,380 4,373 4,223 4,372
<br /> Building Rent 2,600 2,600 2,600 - 2,600 2,600 2,600
<br /> Interest Income - - - 900 247 - -
<br /> Other Mdse Sales/Misc. 4,050 3,050 3,050 1,583 4,048 2,849 2,027
<br /> TOTAL 693,450 678,250 678,250 329,862 699,806 667,746 653,109
<br /> EXPENDITURES
<br /> Personal Service 298,850 287,500 287,500 154,329 288,576 265,932 266,627
<br /> Other Operating Expenditures 251,350 235,450 235,450 124,115 226,541 232,895 235,281
<br /> Vending Mdse for Resale 8,100 7,000 7,000 1,921 8,148 6,098 6,958
<br /> Other Mdse for Resale 900 900 900 - 846 840 237
<br /> Recreation Programs 49,300 51,850 51,850 25,337 34,842 34,121 40,037
<br /> TOTAL 608,500 582,700 582,700 305,702 558,953 539,886 549,140
<br /> CONCESSIONS
<br /> Sales 80,000 78,000 78,000 36,320 78,616 77,768 69,132
<br /> Less: Product&Supplies 40,200 26,900 26,900 14,070 36,233 32,990 31,988
<br /> Salaries 23,100 23,100 23,100 7,965 16,967 20,084 17,655
<br /> Net Profit 16,700 28,000 28,000 14,285 25,416 24,694 19,489
<br /> OPERATING INCOME(LOSS) 101,650 123,550 123,550 38,445 166,269 152,554 123,458
<br /> Capital Outlay*** 343,950 64,000 357,300 54,466 17,786 42,143 -
<br /> Building Debt* - - - - - 200,780 199,900
<br /> NET INCOME(LOSS) (242,300) 59,550 (233,750) (16,021) 148,483 (90,369) (76,442)
<br /> Other Income
<br /> Contributions/Rebates 7,800 7,300 7,300 3,219 7,732 7,012 6,743
<br /> Grant Contribution - - - - - - (39,417)
<br /> Transfers In
<br /> Capital Outlay-Liquor Fund - - 137,500 - - - -
<br /> General Fund - - - - - 90,369 76,442
<br /> Beginning Fund Balance 236,820 169,970 169,970
<br /> Change/Ending in Fund Balance 2,320 236,820 81,020 (12,802) 156,215 7,012 (32,674)
<br /> *=building debt paid on 12/01/2011
<br /> `=Recreation program revenues includes Hockey and Skating programs
<br /> =2013 capital items(membrane on Barn,dehumidifier in Barn)will carryover to 2014,2013 budget will be amended.
<br /> 8/9/2013
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