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Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending December 31,2015
<br /> 2016 2015 2015 2014 2013
<br /> Budget Budget Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 530,250 525,000 540,541 513,114 527,565
<br /> Recreation Programs 81,900 ' 76,500 68,338 84,295 65,906
<br /> Admissions 25,850 29,200 26,229 22,502 24,655
<br /> Sign Rental 22,400 22,000 24,677 20,433 29,288
<br /> Dry Floor Events 14,300 19,750 15,153 13,858 19,184
<br /> Vending 15,000 14,000 15,360 14,981 11,569
<br /> Skate Sharpening 4,300 4,300 3,206 3,526 4,362
<br /> Building Rent 2,600 2,600 2,600 2,600 2,600
<br /> Interest Income 2,500 2,200 4,754 2,770 2,079
<br /> Other Mdse Sales/Misc. 4,200 4,100 2,803 14,514 2,706
<br /> TOTAL 703,300 699,650 703,661 692,593 689,914
<br /> EXPENDITURES
<br /> Personal Service 316,750 314,050 273,498 299,513 289,482
<br /> Other Operating Expenditures(1) 264,650 264,300 332,139 256,767 235,360
<br /> Vending Mdse for Resale 6,950 6,800 8,579 6,614 6,377
<br /> Other Mdse for Resale 900 900 696 758 -
<br /> Recreation Programs 50,850 48,650 34,464 33,496 38,243
<br /> TOTAL 640,100 634,700 649,376 597,148 569,462
<br /> CONCESSIONS
<br /> Sales 80,750 79,000 80,081 73,445 74,937
<br /> Less: Product&Supplies 33,750 35,400 35,077 33,008 32,256
<br /> Salaries _ 24,500 24,500 22,737 18,129 18,379
<br /> Net Profit 22,500 19,100 22,267 22,308 24,302
<br /> OPERATING INCOME(LOSS) 85,700 84,050 76,552 117,753 144,754
<br /> Capital Outlay(2) 256,350 11,500 127,835 52,790 76,168
<br /> Building Debt - - - - -
<br /> NET INCOME(LOSS) (170,650) 72,550 (51,283) 64,963 68,586
<br /> Other Income
<br /> Contributions/Rebates 6,700 6,500 5,850 5,752 6,569
<br /> Grant Contribution - - - - -
<br /> Transfers In
<br /> Capital Outlay-Liquor Fund - - - - -
<br /> General Fund - - - - -
<br /> Beginning Fund Balance 270,407 315,840 315,840 245,125 169,970
<br /> Ending in Fund Balance 106,457 394,890 270,407 315,840 245,125
<br /> Notes:
<br /> (1)=Operating expenditures higher than budget due to Olympic floor repairs and testing of refrigeration system in 2015.
<br /> (2)=Due to the long lead time for the replacement zamboni Council authorized ordering in April 2015 with delivery in Febrauary 2016.
<br /> This is recorded as a 2015 expenditure,2016 budget will be amended to reduced capital outlay by$127,850 with year-end adjustments.
<br /> 04/05/2016
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