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<br />REVISED PROPOSAL BY SUB-COMMITTEE
<br />
<br />.
<br />
<br />OF THE PROJECTED STATEMENT OF CASH FLOW
<br />FROM THE FEASffiILITY STUDY COMPLETED BY MARQUETTE PARTNERS
<br />
<br />The Sub-rommittee established from the EDA meeting has taken the numbers from the Feasibility Study
<br />presented to them by Marquette Partners and have made revisions where they feel more accurately fits our
<br />program here in Elk River. The committee has also scaled back the project to be constructed in phases to
<br />bring down the initial cost of the project.
<br />
<br /> FEASIBILITY ERYHA ARENA
<br /> STUDY ACTUALS SUB-COMMITTEE
<br /> NUMBERS FOR ADJUSTMENTS
<br /> REVENUES: 1995-96 1993-94 FOR 1995-96
<br /> . Ice Rental 318,000 112,755 328,000
<br /> . ISD 728 Ice Rental 27,000 22, 152 27,000
<br /> Admissions 35,000 13,020 35,000
<br /> . . Dry Floor Ewnts 4,000 4,147 18,000
<br /> . Sign Rental 10,000 6,200 20,000
<br /> Concessions 63,000 29,144 63,000
<br /> Vending Machine 23,000 11,590 23,000
<br /> Skate Sharpening 5,000 2,352 5,000
<br /> Miscellaneous Income 2,000 2,000 2,000
<br /> Total Rewnue $487,000 $203.360 $521,000
<br />. EXPENSES:
<br /> Salaries 74,000 47,122 74,000
<br /> Benefits 15,000 2,701 15,000
<br /> Repairs & Mtce. 39,000 14,500 39,000
<br /> Professional Services 4,000 2,275 4,000
<br /> . Utilities 120,000 33,279 90,000
<br /> . Insurance 24,000 13,000 20,000
<br /> Administrat iva/Supplies 4,000 2,500 4,000
<br /> . Zamboni 7,000 2,404 5,000
<br /> Concession Merchandise 38,000 19,862 38,000
<br /> Dry Floor Evants 1,000 1,450 1,000
<br /> Total Expenses: $326,000 $139,093 $290,000
<br /> CASH FLOW AVAILABLE
<br /> FOR DEBT SERVICE: I $161,000 I $64,267 $231,000 I
<br /> . Additional line Rewnues 33,000
<br /> . Existing Arena Debt. 34,933 15,776
<br /> . = Kerns we adjusted tom the Feasibility Study.
<br />.
<br /> Revision Date: 7/21/94,REVFEAS2
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