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Elk River Ice Arena
<br /> Account Revenue and Expenditure Summary
<br /> 2004x.. 2003 YTO ✓ 2003 2002 2001
<br /> Budget: Actual .Budget Actual Actual
<br /> REVENUES
<br /> Ice Rental 355000( 150,746 .'344,400: 336,876 323,813
<br /> Recreation Programs 139,000 71,442 138,000 137,785 134,311
<br /> Admissions 40000. 15,715 42,000 39,561 34,000
<br /> Sign Rental 18,500 1,122 16,500 19,766 17,855
<br /> Dry Floor Events :15,000'. 14,405 15,000 17,886 13,071
<br /> Concession Rent 21.,500 10750 21,500'. 21,500 21,500
<br /> Vending 34,500 15,831 34500(f 31,034 34,164
<br /> Skate Sharpening 7,500 2,615 7,500 5,074 6,529
<br /> Other Mdse Sales/Phone Comm. 3,800 1,254 3,500'. 3,679 3,283
<br /> TOTAL 634,800- 283,880 622,900 613,162 588,526
<br /> EXPENDITURES
<br /> Personal Service 200,200 97,846 205,150 189,099 172,580
<br /> Other Operating Expenditures 202,300 89,907 200,950 171,659 175,724
<br /> Vending Mdse for Resale 17,500 6,199 17,500 15,253 16,206
<br /> Other Mdse for Resale 2,800 - 2,800 2,356 1,060
<br /> Recreation Programs 56,800 22,517 . .:60,500 54,724 54,213
<br /> TOTAL 479,600 216,469 486,900'. 433,091 419,783
<br /> OPERATING INCOME(LOSS) 155200. 67411 136000' 180,071 168,743
<br /> Capital Outlay 0 0 10,879 88,996
<br /> Building Debt 200,250 45,743 201 500 202,470 197,885
<br /> NET INCOME (LOSS) (45,050), 21,668 (65,500) (33,279) (118,138)
<br /> Other Income
<br /> Interest Income 383 519
<br /> Sale of Fixed Assets
<br /> Contributions/Rebates 13,321 21,503 7,540
<br /> Transfers In
<br /> Capital Outlay 0 7,000 6,342 29,000
<br /> Eliminate Deficit(General Fund) <25,000 " 28,600 21,554 28,619
<br /> Change in Fund Balance (20,050) 34,989 (29,900) 16,503 (52,460)
<br /> Capital Outlay:
<br /> 1997- Heaters
<br /> 1998- Dehumidification
<br /> 1999-$34,305.00 Bleachers; $82,659.98 Ice Resurfacer
<br /> 2000- Matting for floors
<br /> 2001 -Floor Scrubber& Bleachers($30,000 to be paid by ERYHA; $27,460 from admission surcharge)
<br /> Received $5,000 contribution for sign to be purchased in 2002.
<br /> 2002-Matting and sign
<br /> Contributions:
<br /> 2001 -$5,000 sign; $2,540 admission surcharge for bleachers
<br /> 2002-Bleachers$10,000 ERYHA, $11,503 admission surcharge
<br /> 2003 YTD is through July 31. Additional debt service of$155,750 will be paid in December.
<br /> 8/14/2003
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