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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and Council 9.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session November 21, 2022 Facility Superintendent, Tim Dalton <br />Item Description Reviewed by <br />2023 Multi-Purpose Facility Annual Budget Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Review and approve the 2023 Multi-Purpose Facility Annual Budget. <br /> <br />Background/Discussion <br />On November 14, 2022, the Multipurpose Facility Advisory Commission unanimously approved (8-0 vote) the <br />2023 Annual Budget. <br /> <br />The Commission began review of this budget July 11, 2022. The budget presented features ice sale revenue <br />projections of $830,000, a 29 percent increase ($190,000) over the 2022 ice revenue projection. <br /> <br />The budget also includes a $202,000 Capital Improvement expenditure for a new Zamboni Ice Resurfacer. By <br />attributing $102,000 of the Capital Improvement costs for the Zamboni to the Fund Balance, cutting part time <br />labor costs, increasing recreation programing and room rental projections, the total budget is projected to have a <br />balanced budget. <br /> <br />Financial Impact <br />The budget is our key financial tool and guideline for the FTCenter Management. <br /> <br />Mission/Policy/Goal <br />The annual budget is developed to support and assure that Multipurpose Facility is operated in accordance with <br />the mission and goals of the Multipurpose Facility Advisory Commission and the Elk River City Council <br /> <br />Attachments <br /> Multi-Purpose Facility 2023 Annual Budget <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />