4.8. SR 07-25-1994 - Laserfiche WebLink

Home Browse Search

. EXPENSES: SALARIES: BENEFITS: REPAIRS & MTCE. UTILITIES: REVISED PROPOSAL BY SUB-COMMITTEE The salary amount we felt was to high but decided to leave it as is. The present Arena Manager salary is $30,160, part time Ice crew is about S11,ooo and concession workers are about S5600 for the past 1993-94 season. the 600 At present we have one full time Arena Manager with one half time employee during the skating season and other part time ice crew and concession workers. The benefits we felt were high but if the City 1 ED A takes over Operations of the Arenas this would be the same as the rest of the city employees. At present the Arena Manager receives a S 1000 IRA annually and paid medical Blue Cross Blue Shield insurance coverage S17OO. The Arena Manager also receives mileage at a rate ofS.25 cents per mile which came to about S450 in 1993-94. The 1994 shows the actual Repairs and Maintenance cost of S14,5OO. We felt there numbers were on the high side but the present rink is getting older and additional maintenance will probably be needed. Some of the expenses could be reduced by using city staff when needed for special projects. And to be able to use city owned equipment instead of renting it. The utilities we felt were very high. The total for 1993-94 was S33,500. The biggest expense for the utility group is the Electric at about S23,000 a year. Gas at S7000, Telephone at S1800 and sanitation at Sl,100. The new building will be bigger and a larger ice sheet but with newer technology should be more efficient also. The Elk River Municipil Utilities Commision has given this project an Economic Development Rate for a 5 year term. The estimate for tripling the electric usage with the special rate would put the cost at about S63,000 for the 1995-% season. Doubling these other expense the total would be about S82,000. So we feel a conservative estimate of S9O,000 is justified. . INSURANCE: There is a new Insurance Company that strictly insures Ice Arenas and the estimate we received from them was S20,000. 1993-94 insurance totaled S13,OOO which includes Property S2560, Liability S3400 + Open Skate S155 + RollerlJlading S250+Dance & Circus S130, Employee Dishonesty S110, Crime S150, Boiler S1600, Worker Compensation $3200, Accident & Medical S900. ZAMBONI: Zamboni Maintenance and Fuel for 1993-94 totaled $2404. We felt the maintenance was a little on the high side seeing that in the 3 previous years we did not total $7,000. But recognizing that the Zamboni is aging that an increase to S5000 in 1995-96 should be adequate. DRY FLOOR Left as is. One expense that may need be added in or else use a fund-raiser eventCs) would be the cost EVENTS: of the carpet for indoor soccer. EXISTING ARENA DEBT: PAYMENT OF PARTIAL SALARIES: In October of 1994 the debt on the existing arena will need to be refinanced. The balance at that time will be approximately $33,000. The debt is held by three banks, First National Bank of Elk River, Bank of Elk River and State Bank of Rogers. The payment is $2,500 principle plus interest which is based on one percentage above the T-Bill rate, not less than 8% and not more than 10"/0. The numbers are shown based on an 8% rate. There is a request by the committee members to offset some of the Salaries by payment from the City (park fees) or Park and Recreation Board for improvements. This may only be needed for the first three years or so depending on the bond structure. . Revision Date: 7/21194,revfeas2,dpm 3