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Elk River Ice Arena
<br />Revenue and Expenditure Summary
<br />For the Period Ending July 31, 2017
<br />20177/31/17201620152014
<br />BudgetActualActualActualActual
<br />REVENUES
<br />Ice Rental 540,150 242,183 549,943 540,541 513,114
<br />Recreation Programs 67,100 83,246 73,865 68,338 84,295
<br />Admissions 29,250 15,563 24,272 26,229 22,502
<br />Sign Rental 22,400 1,651 18,010 24,677 20,433
<br />Dry Floor Events 22,000 12,788 20,790 15,153 13,858
<br />Vending 15,000 8,491 14,076 15,360 14,981
<br />Skate Sharpening 4,300 1,790 2,586 3,206 3,526
<br />Building Rent 2,600 - 3,800 2,600 2,600
<br />Interest Income 4,500 5,041 6,204 4,754 2,770
<br />Other Mdse Sales/Misc. 4,200 1,798 3,417 2,803 14,514
<br /> TOTAL 711,500 372,551 716,963 703,661 692,593
<br />EXPENDITURES
<br />Personal Service 322,350 189,181 302,585 273,498 299,513
<br />Other Operating Expenditures (1) 285,950 143,844 223,068 332,139 256,767
<br />Vending Mdse for Resale 8,650 2,610 7,011 8,579 6,614
<br />Other Mdse for Resale 900 32 1,194 696 758
<br />Recreation Programs 42,400 19,347 34,979 34,464 33,496
<br /> TOTAL 660,250 355,014 568,837 649,376 597,148
<br />Concessions:
<br />Sales 81,600 43,151 77,204 80,081 73,445
<br /> Less: Product & Supplies 33,900 17,149 31,001 35,077 33,008
<br /> Salaries 22,900 10,182 21,896 22,737 18,129
<br />Net Profit 24,800 15,820 24,307 22,267 22,308
<br />OPERATING INCOME (LOSS)
<br /> 76,050 33,357 172,433 76,552 117,753
<br />Capital Outlay 110,500 - - 127,835 52,790
<br />
<br />NET INCOME (LOSS)
<br /> (34,450) 33,357 172,433 (51,283) 64,963
<br />
<br />Other Income
<br /> Sale of Assets - - 27,600 - -
<br /> Contributions/Rebates 6,100 4,100 5,435 5,850 5,752
<br />Beginning Fund Balance 475,875 475,875 270,407 315,840 245,125
<br />Ending Fund Balance 447,525 513,332 475,875 270,407 315,840
<br />Notes:
<br />(1) 2015 Operating expenditures higher due to Olympic floor repairs and testing of refrigeration system.
<br />8/11/2017
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