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<br /> Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending December 31,2015
<br /> 2017 2018 2015 2014 2013
<br /> Budget Budget Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 540.150 530,250 540,541 513,114 527,565
<br /> Recreation Programs 67,100 81,900 68,338 84.295 65,906
<br /> Admissions 29,250 25.850 26,229 22,502 24,655
<br /> Sign Rental 22,400 22,400 24,677 20,433 29,288
<br /> Dry Floor Events 22,000 14,300 15,153 13,858 19,184
<br /> Vending 15,000 15,000 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 4,500 2,500 4,764 2,770 2,079
<br /> Other Mdse Sales/Misc. 4,200 4,200 2,803 14,514 2,706
<br /> TOTAL 711,500 703,300 703,661 692,593 689,914
<br /> EXPENDITURES
<br /> Personal Service 322,350 316,750 273,498 299,513 289,482
<br /> Other Operating Expenditures(1) 285,950 264,650 332,139 256,767 235,360
<br /> Vending Mdse for Resale 8,650 6,950 8,579 6,614 6,377
<br /> Other Mdse for Resale 900 900 696 758 -
<br /> Recreation Programs 42,400 50,850 34,464 33,496 38,243
<br /> TOTAL ' 660,250 640,100 649.376 597,148 569,462
<br /> CONCESSIONS
<br /> Sales 81,600 80,750 80,081 73,445 74,937
<br /> Less: Product&Supplies 33,900 33,750 35,077 33,008 32,256
<br /> Salaries 22,900 24.500 22.737 18,129 18,379
<br /> Net Profit 24,800 22,500 22,267 22,308 24,302
<br /> OPERATING INCOME(LOSS) 76,050 85,700 76,552 117,753 144,754
<br /> Capital Outlay 120,500 11,500 127,835 52,790 76,168
<br /> Building Debt - - - - -
<br /> NET INCOME(LOSS) (44,450) 74,200 (51,283) 64,983 68,586
<br /> Other Income
<br /> Contributions/Rebates 6,100 6,500 5,850 5,752 6,569
<br /> Beginning Fund Balance 351,107 270.407 315,840 245,126 169,970
<br /> Ending in Fund Balance 312,757 351,107 270,407 315,840 245,125
<br /> Notes:
<br /> (1)=Operating expenditures higher than budget due to Olympic floor repairs and testing of refrigeration system in 2015.
<br /> 07/28/2016
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