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REVENUES
<br />
<br />ELK RIVER ICE ARENA
<br />
<br /> 1999 PROPOSED BUDGET
<br /> 1998 1999
<br /> 1997 1998 Actual to Proposed
<br />
<br />Budqet Actual ~Bud.qet Estimate. Au.q. 20 Budget
<br />
<br />Ice Rental 364,715 295,141 376,900 324,655 85,268 337,600
<br />Admissions 30,000 23,811 30,000 27,000 12,507 28,500
<br />Sign Rental 20,000 16,809 20,000 18,000 (1,200) 9,000
<br />Dry Floor Events 6,000 6,705 6,000 6,500 8,441 10,000
<br />Concession Rent 20,400 20,000 21,000 21,000 20,000 21,500
<br />Vending 20,000 23,103 20,000 24,000 14,366 24,000
<br />Skate Sharpening 5,000 4,637 5,000 4,600 3,199 5,000
<br />Other Mdse Sales/Phone Comm. 1,500 1,544 1,500 2,000 817 2,000
<br />
<br />Interest Income 1,490 0
<br />Contributions 1,100 0
<br />
<br /> TOTAL 467,615 394,340 480,400 427,755 143,398 437,600
<br />
<br />EXPENDITURES
<br />
<br />Regular Pay 35,000 42,731
<br />Overtime Pay
<br />Part Time Pay 34,400 46,810
<br />Benefits 15,050 13,500
<br />Operating Supplies 4,000 20,794
<br />Building Maintenance Supplies
<br />Motor Fuels
<br />Uniforms
<br />Legal Fees 1,999
<br />Other Professional Services 4,000 545
<br />Building Repair & Maint. 39,000 2,237
<br />Equipment Repair & Maint. 6,000 4,705
<br />Equip. & Mach. Rent 2,397
<br />Insurance 20,000 8,546
<br />Utilities 90,000 68,654
<br />Cleaning Services
<br />Dry Floor Events 2,000 1,176
<br />Telephone 1,369
<br />Postage 219
<br />Travel, Conf. & Schools 766
<br />Dues & Subscriptions 346
<br />Printing & Publishing 1,275
<br />
<br /> Total Operating 249,400 217,072
<br /> Capital Outlay 10,847
<br />
<br /> Vending Mdse for Resale 11,683
<br /> Other Mdse for Resale 953
<br />
<br />59,600 59,600 35,589 64,450
<br /> 62 200
<br />34,450 34,450 21,884 42,100
<br />20,100 20,100 11,581 22,750
<br />6,500 18,000 9,047 10,400
<br /> 1,567 4,550
<br />2,000 2,000 16 3,550
<br />350 350 350
<br />
<br /> 5,100 1,000 10,279 5,100
<br /> 15,000 5,000 13,767 7,700
<br /> 9,150 7,000 3,917 12,750
<br /> 750 2,500 583 1,550
<br /> 6,000 9,000 2,435 6,000
<br /> 68,350 68,350 44,318 74,850
<br /> 573 800
<br /> 700 1,300 35 2,650
<br /> 900 1,500 1,518 1,400
<br /> 300 300 509 600
<br /> 1,650 1,650 595 1,650
<br /> 400 400 94 400
<br /> 1,000 1,000 647 1,300
<br />
<br />232,300 233,500 159,016 265,100
<br />3,100 3,100 1,276 1,800
<br />
<br /> 6,500 13,000 6,325 13,000
<br /> 650 1,000 243 650
<br />
<br />Excess (Deficiency) of Revenues
<br /> Over (Under) Expenditures 218,215 153,785
<br />
<br />237,850 177,155 - 23,462 157,050
<br />
<br />Bond Principal 40,000
<br />Bond Interest 159,600
<br />Total Debt Service
<br />
<br />80,000 80,000 80,000 85,000
<br />117,450 117,450 117,420 112,850
<br />
<br />199,600 204,588 197,450 197,450 197,420 197,850
<br />
<br />Excess (Deficiency) After
<br /> Debt Service
<br />
<br />18,615 (50,803) 40,400 (20,295) (220,882) (40,800)
<br />
<br />Fund Balance Previous Year
<br />
<br />(4,148)
<br />
<br />Fund Balance December 31, 1998
<br />
<br />$(54,951)
<br />
<br />Notes: 1997 and 1998 Budgets based on ERYHA proposed budget and Marquette Study.
<br /> 1998 Estimated Budget is based on 1997 actuals with inflation and growth increases.
<br />
<br />8/25/98
<br />Ice97sum
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