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Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending December 31,2016
<br /> 2017 2016 2016 2015 2014
<br /> Budget Budget Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 540,150 530,250 549,943 ; 540,541 513,114
<br /> Recreation Programs 67,100 81,900 73,865 68,338 84,295
<br /> Admissions 29,250 25,850 24,272 26,229 22,502
<br /> Sign Rental 22,400 22,400 18,010 24,677 20,433
<br /> Dry Floor Events 22,000 14,300 20,790 15,153 13,858
<br /> Vending 15,000 15,000 14,076 15,360 14,981
<br /> Skate Sharpening 4,300 4,300 2,586 3,206 3,526
<br /> Building Rent 2,600 2,600 3,800 + 2,600 2,600
<br /> Interest Income 4,500 2,500 6,204 4,754 2,770
<br /> Other Mdse Sales/Misc. 4,200 4,200 3,417 2,803 14,514
<br /> TOTAL 711,500 703,300 716,963 703,661 692,593
<br /> EXPENDITURES
<br /> Personal Service 322,350 316,750 302,585 273,498 299,513
<br /> Other Operating Expenditures (1) 285,950 264,650 223,068 332,139 256,767
<br /> Vending Mdse for Resale 8,650 6,950 7,011 8,579 6,614
<br /> Other Mdse for Resale 900 900 1,194 696 758
<br /> Recreation Programs 42,400 50,850 34,979 34,464 33,496
<br /> TOTAL 660,250 640,100 568,837 649,376 597,148
<br /> Concessions:
<br /> Sales 81,600 80,750 77,204 , 80,081 73,445
<br /> Less: Product&Supplies 33,900 33,750 31,001 35,077 33,008
<br /> Salaries 22,900 24,500 21,896 22,737 18,129
<br /> Net Profit 24,800 22,500 24,307 22,267 22,308
<br /> OPERATING INCOME (LOSS) 76,050 85,700 172,433 76,552 117,753
<br /> Capital Outlay 110,500 256,350 - 127,835 52,790
<br /> NET INCOME (LOSS) (34,450) (170,650) 172,433 (51,283) 64,963
<br /> Other Income
<br /> Sale of Assets - - 27,600i - -
<br /> Contributions/Rebates 6,100 6,500 5,435 5,850 5,752
<br /> Beginning Fund Balance 475,875 270,407 270,407 315,840 245,125
<br /> Ending Fund Balance 447,525 106,257 475,875 i 270,407 315,840
<br /> Notes:
<br /> (1) 2015 Operating expenditures higher due to Olympic floor repairs and testing of refrigeration system.
<br /> 03/16/2017
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