Laserfiche WebLink
5. Review 2007 current information on the 2007 budget and the draft budget for <br /> 2008 <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 /> 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 /> 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 /> 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 /> 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 /> 6. Add a Skate Club representative to Arena Commission <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 /> 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 />