4. ICESR 05-15-1997 - Laserfiche WebLink

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ADMISSIONS: The admissions amount was dropped ppcd to 530,000 from the Feasibility Study of 535,000. The basic agreements that exist for ticket sales is the Arena would get a base rate to cover expenses for the hours of the game and then a 50/50%split on any ticket sales above this base rate. The base rate does change for the different Ice Arenas depending on seating capacity. In 1995-96 the agreement with Elk River High School Boys games which were NNaristy games was a $600 base rate acid a 50/50%split thereafter. The total dollars for Non-conferance(5600+5773; Attendenace: 850 I (Adults 490,Students 338)), Conferance(S4800+54071.50;At: 5363(Adults 2527,Students2681))and Sections • (5600+5615; At:636,A277,S361)for 1995-96 Season for the boys was$11,460. The Girls NNarsity games were • as follows: 5300 Base rate for a single game or S500 Base rate for a NNarsity game together and a 50/50%split thereafter. The Girls were not in a conferance this past 1995-96 season so we worked only with the Elk River School District for an agreement. The S500 base rate for two likel ames will most g likely increase to Sboo for the 1995- 96 season. The revenue from the girls program was$4,100 base rate plus$94.50 split for a total of$4194.50 11 (Attendance: 1256(Adults 793, Students 421). This totals S15,655 for 1994-95. The 530,000 is based on the following: Increase in attendance due to the increase in seating capacity from • 700 to over 1000,increase in adult ticket prices by S1 (1995-96:4087/2 split=S2043), the addition of St.Michael and Monticello NNarsity Games being held in the Arenas(54800 base for each School), and the continued 11 1 enthusiasm for the Girls program. This brings the total to 527,300 with no increase in attendence and only a base rate charge to Monticello and St. Michael. An agreement has not been worked on with these two Schools for there games which causes a caution flag to go up here unless we can gaurentee that the Arena will be available for there games very soon(Mid March)they will need to Schedule the games•somewhere else. DRY FLOOR The Feasibility Study stated the possibility for additional usage was there for indoor soccer or other • = EVENTS: events but excluded them from the Study figures. We'did not add indoor soccer in to this total for the details of purchasing the carpet and setting up a league has not been finalized. The Number is for other Dry Floor Events which is above S5500 for the 1994-95 season as of 1/1/95. The events presently held are: Circus(May), • ' Arts&Craft Show(May),Gun Show(April),•Youth Dance(June)and part of the revenue from the ERYHA Golf jTournament has gone to the building fund in the past. The committee has concluded after talking with the Soccer Board that indoor soccer could bring in . revenues of 512,000 to S18,000 by charging 545-565 per hour. Some Arenas acutally make more on indoor soccer than hockey because of the lower cost of maintenance. Elk River has a growing soccer program. We believe that the spring of 1996 there will be indoor soccer in the present arena. The money to pay for the expenses will be obtained from fundraisers,ERYHA Pulltabs, etc.by ERYHA,the Soccer program etc.. An estimate of 56,000 for the Spring of 1996 and S10,000 for Spring of 1997 is listed on the bottom of the page. This could be increased by an agressive program with indoor soccer in the fall as well. Anoka started indoor soccer this past year(1994) and received revenues of about 512,000 the first year. Some of the expense items would be a carpet to be purchased for the floor with estimated cost of 530,000, and raising and protecting the lights. SIGN RENTAL: The committee felt with a strong campaign that sign rental could increase by 510,000 in the new arena. There is a committee within ERYHA that is working on sign rental packages and has started to • contact local and surrounding community businesses for sign rental contracts. The signs will be high quality on 8' dasher boards around the rink. There is a estimated 42 and 36 possible dasher board signs in the Olympic rink and the present rink. ADDITIONAL The additional revenues we noted on the bottom of the page includes the soccer program and a LINE REVENUES:`statement from ERYHA for donations toward the New Ice Arena Project. Other types of revenue are fundraising events that youth hockey does every year. The track record for the past eight years shows an average profit per year of about 515,000. The ERYHA Pulltabs, which is in operation at Dicks Reverfront Bar,would be another source of revenue. For this to be used it would need to be approved at a ERYHA Pulltab Gambling Board meeting and the State Gambling Board and a form would need to be filled out by the City of Elk River. The Pledge Drive for the new Arena is just beginning and has accumulated over S15,000 on 3 year pledged committments and S3065 in actual cash as of 2/24/95. There is a Arena Dinner Fundraiser scheduled for March 18, 1995 that will raise some more revenue for the Arena. We estimate 515,000 per year should be available.We realize that this may not be able to be used as revenues in the cash flow estimate but we wanted to make a note that these will be available for other expenses or improvements. Other additional income could be special fund-raisers, and pledges from individuals, groups and industry to possibly raise and • additional S50,000 to S75,000 per year. There are approximately 500 kids involved in hockey and skating within ERYHA and an additional 70-80 boys&girls involved at the High School level. Note: The bottom of the sheet shows ERYHA balances of their accounts as of the date stated.