|
Elk River Ice Arena
<br />Revenue and Expenditure Summary
<br />For the Period Ending July 31, 2019
<br />20202019201920182017
<br />BudgetBudgetJulyActualActual
<br />REVENUES
<br />Ice Rental 430,000 556,000 225,031 545,551 554,714
<br />Recreation Programs 75,000 82,900 91,419 91,017 83,857
<br />Admissions 25,700 26,000 10,737 26,188 27,837
<br />Advertising - 28,000 970 23,925 29,420
<br />Dry Floor Events 7,000 21,000 161 13,114 16,325
<br />Vending 9,500 17,400 5,597 13,635 15,411
<br />Skate Sharpening 2,500 3,500 1,790 3,090 3,355
<br />Building Rent - 3,800 1,267 7,600 -
<br />Interest Income 6,000 8,000 7,669 11,670 10,354
<br />Other Mdse Sales/Misc. 2,100 3,900 7,948 3,440 3,196
<br /> TOTAL 557,800 750,500 352,589 739,230 744,469
<br />EXPENDITURES
<br />Personal Service 372,200 375,600 205,108 356,579 339,473
<br />Other Operating Expenditures (1) 199,100 280,700 120,845 327,791 283,277
<br />Vending Mdse for Resale 4,000 7,500 1,679 5,432 6,777
<br />Other Mdse for Resale 800 1,200 2,385 1,213 32
<br />Recreation Programs 45,150 46,600 32,471 43,781 36,989
<br /> TOTAL 621,250 711,600 362,488 734,796 666,548
<br />Concessions:
<br />Sales 51,000 85,100 39,105 86,336 82,740
<br /> Less: Product & Supplies 22,400 39,750 17,172 37,214 38,911
<br /> Salaries 16,150 22,600 11,599 27,006 21,994
<br />Net Profit 12,450 22,750 10,334 22,116 21,835
<br />OPERATING INCOME (LOSS) (51,000) 61,650 435 26,550 99,756
<br />Capital Outlay - 10,000 10,434 - -
<br />NET INCOME (LOSS) (51,000) 51,650 (9,999) 26,550 99,756
<br />
<br />Other Income
<br /> Contributions/Rebates 5,500 6,100 2,927 5,458 6,040
<br />Beginning Fund Balance 671,429 613,679 613,679 581,671 475,875
<br />Ending Fund Balance 625,929 671,429 606,607 613,679 581,671
<br />8/14/2019
<br />
<br />
|