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Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending December 31,2014
<br /> 2015 2014 2013 2012 2011
<br /> Budget Actual Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 525,000 513,114 527,565 532,356 493,698
<br /> Recreation Programs 76,500 84,295 65,906 70,905 89,346
<br /> Admissions 29,200 22,502 24,655 30,384 25,630
<br /> Sign Rental 22,000 20,433 29,288 23,551 18,086
<br /> Dry Floor Events 19,750 13,858 19,184 17,463 19,518
<br /> Vending 14,000 14,981 11,569 13,879 11,796
<br /> Skate Sharpening 4,300 3,526 4,362 4,373 4,223
<br /> Building Rent 2,600 2,600 2,600 2,600 2,600
<br /> Interest Income 2,200 2,770 2,079 247 -
<br /> Other Mdse Sales/Misc. 4,100 14,514 2,706 4,048 2,849
<br /> TOTAL 699,650 692,593 689,914 699,806 667,746
<br /> EXPENDITURES
<br /> Personal Service 314,050 299,513 289,482 288,576 265,932
<br /> Other Operating Expenditures 264,300 256,767 235,360 226,541 232,895
<br /> Vending Mdse for Resale 6,800 6,614 6,377 8,148 6,098
<br /> Other Mdse for Resale 900 758 - 846 840
<br /> Recreation Programs 48,650 33,496 38,243 34,842 34,121
<br /> TOTAL 634,700 597,148 569,462 558,953 539,886
<br /> CONCESSIONS
<br /> Sales 79,000 73,445 74,937 78,616 77,768
<br /> Less: Product&Supplies 35,400 33,008 32,256 36,233 32,990
<br /> Salaries 24,500 18,129 18,379 16,967 20,084
<br /> Net Profit 19,100 22,308 24,302 25,416 24,694
<br /> OPERATING INCOME(LOSS) 84,050 117,753 144,754 166,269 152,554
<br /> Capital Outlay*** 11,500 52,790 76,168 17,786 42,143
<br /> Building Debt* - - - - 200,780
<br /> NET INCOME(LOSS) 72,550 64,963 68,586 148,483 (90,369)
<br /> Other Income
<br /> Contributions/Rebates 6,500 5,752 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 315,840 245,125 169,970 13,755 6,743
<br /> Change/Ending in Fund Balance 394,890 315,840 245,125 169,970 13,755
<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
<br /> Barn Roof
<br /> Heating System Barn Locker rooms
<br /> Heating System Barn Bleachers
<br /> Exhaust System
<br /> 04/14/2015
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