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Expenditure — Revenue Comparison <br />Category <br />Community <br />Multipurpose <br />Ice Arena <br />Center <br />Expenditures <br />$1,026,942 <br />$1,451,969 <br />$809,983 <br />Revenue <br />$883,245 <br />$1,135,765 <br />$850,425 <br />Difference <br />($143,687) <br />$83,796 <br />$40,442 <br />Recovery percentage <br />86 <br />107% <br />105% <br />Future years: Expenditures — Revenue Comparison: Operation expenditures are expected to <br />increase by approximately 3% a year through the first 3 to 5 years of operation. Revenue growth <br />is expected to increase by 4% to 8% a year through the first three years and then level off with <br />only a slight growth (3% or less) the next two years. Expenses for the first year of operation <br />should be slightly lower than projected with the facility being under warranty and new. Revenue <br />growth in the first three years is attributed to increased market penetration and in the remaining <br />years to continued population growth. In most recreation facilities the first three years show <br />tremendous growth from increasing the market share of patrons who use such facilities, but at the <br />end of this time period revenue growth begins to flatten out. It is not uncommon to see the <br />amount of tax support to balance the community center budget increase as the facility ages. <br />5111agc <br />