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Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending December 31,2013
<br /> 2016 2015 2014 2014 2013 2012 2011
<br /> Budget Budget Budge/Revised Budget Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 530,000 525,000 520,000 520,000 527,565 532,356 493,698
<br /> Recreation Programs" 77,850 76,500 76,000 76,000 65,906 70,905 89,346
<br /> Admissions 29,500 29,200 28,500 28,500 24,655 30,384 25,630
<br /> Sign Rental 22,500 22,000 24,500 24,500 29,288 23,551 18,086
<br /> Dry Floor Events 19,900 19,750 19,500 19,500 19,184 17,463 19,518
<br /> Vending 14,500 14,000 14,000 14,000 11,569 13,879 11,796
<br /> Skate Sharpening 4,300 4,300 4,300 4,300 4,362 4,373 4,223
<br /> Building Rent 2,600 2,600 2,600 2,600 2,600 2,600 2,600
<br /> Interest Income 2,200 2,200 2,100 - 2,079 247 -
<br /> Other Mdse Sales/Misc. 4,250 4,100 4,050 4,050 2,706 4,048 2,849
<br /> TOTAL 707,600 699,650 695,550 693,450 689,914 699,806 667,746
<br /> EXPENDITURES
<br /> Personal Service 324,750 314,050 298,850 298,850 289,482 288,576 265,932
<br /> Other Operating Expenditures 250,600 264,300 251,350 251,350 235,360 226,541 232,895
<br /> Vending Mdse for Resale 7,200 6,800 8,100 8,100 6,377 8,148 6,098
<br /> Other Mdse for Resale 900 900 900 900 - 846 840
<br /> Recreation Programs 49,050 48,650 49,300 49,300 38,243 34,842 34,121
<br /> TOTAL 632,500 634,700 608,500 608,500 569,462 558,953 539,886
<br /> CONCESSIONS
<br /> Sales 79,800 79,000 80,000 80,000 74,937 78,616 77,768
<br /> Less: Product&Supplies 32,400 35,400 29,000 29,000 32,256 36,233 32,990
<br /> Salaries 24,500 24,500 23,100 23,100 18,379 16,967 20,084
<br /> Net Profit 22,900 19,100 27,900 27,900 24,302 25,416 24,694
<br /> OPERATING INCOME(LOSS) 98,000 84,050 114,950 112,850 144,754 166,269 152,554
<br /> Capital Outlay- 125,000 11,500 82,350 343,950 76,168 17,786 42,143
<br /> Building Debt' - - - - - - 200,780
<br /> NET INCOME(LOSS) (27,000) 72,550 32,600 (231,100) 68,586 148,483 (90,369)
<br /> Other Income
<br /> Contributions/Rebates 6,700 6,500 7,800 7,800 6,569 7,732 7,012
<br /> Grant Contribution - - - - - - -
<br /> Transfers In
<br /> Capital Outlay-Liquor Fund -
<br /> General Fund - - - - - - 90,369
<br /> Beginning Fund Balance 364,575 285,525 245,125 245,125 169,970 13,755 6,743
<br /> Change/Ending in Fund Balance 344,275 364,575 285,525 21,825 245,125 169,970 13,755
<br /> '=Recreation program revenues includes Hockey and Skating programs
<br /> "=Capital outlay breakout
<br /> 2015 includes a Zamboni Battery replacement
<br /> 2016 includes Zamboni replacement
<br /> Several Items not included that will be part of the CIP update/Facility planning process
<br /> Replace ice plant $2,900,000
<br /> Barn Roof $117,000
<br /> Heating System Barn Locker rooms $52,000
<br /> Heating System Barn Bleachers $52,000
<br /> Exhaust System $32,000
<br /> 08/13/2014
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