|
EXHIBIT A - PAGE 1
<br />
<br /> REVISED PROPOSAL BY SUB-COMMITTEE
<br /> OF ~ PRO/ECTED STATEMENT OF CASH FLOW
<br />THE FEASIBILITY STUDY, COAi'PLETED BY MARQUETTE PARTNERS
<br />
<br />The Sub-comm/tl~ established from thc EDA me. ting has mkcn thc numbers from thc Feasibility S~udy pr~..nt~d W them
<br />by Marquc~c Partn~s and lmvc madc revisio~ whcr~ thcy fc~l morc accurat~y fits our program hcrc in Elk PJv~r. Thc
<br />committee has also scaled back the project to be corrected in phzse~ to bring down the initial cost of the project.
<br />
<br /> FEASIBILITY ERYHA ARENA SUB-COMMITTEE ADJUSTMENT
<br /> STUDY ACTUALS PARTIAL SEASON FULL
<br /> NUMBERS FOR. BEGIN NOV. 15 SEASON
<br />REVENUES: 1995-96 1993-94 FOR 1995-96 FOR 1996-97
<br />' ice Rental 318,000 112,755 286,920 338,000
<br />' lSD 728 Ice Rental 27,000 22,152 25,800 27,000
<br />Admissions - 35,000 13,020 .30,000 30,000
<br />' Dry Floor Events 4,000 4,147 6,000 + 6,000 +
<br />* Sign Rental 10,000 6,200 20,000 20,000
<br />Concessions 63,000 29,144 50,000 60,000
<br />Vending Machine 23,000 11,590 18,000 20,000
<br />Skate Sharpening 5,000 2,352 4,000 5,000
<br />Miscellaneous Income 2,000 2,000 2,000 2,000
<br />Total Revenue $487,000 $203,350 $442,72'"'--'*~ $508,000'
<br />
<br />EXPENSES:
<br />Salaries 74,000 47,122
<br />Benefits 15,000 '2,701
<br />Repairs & Mtce. 39,000 14,500
<br />Professional Services 4,000 2,275
<br />' Utilities 120,000 33,279
<br />' Insurance 24,000 13,000
<br />Administrative/Supplies 4,000 2,500
<br />' Zamboni 7,000 2,404
<br />Concession Merchandise 38,OO0 19,862
<br />Dry Floor Events 1,000 1,450
<br />Total Expenses: ~ ~
<br /> $326,000 $139,093
<br />
<br />CASH FLOW AVAILABLE
<br />FOR DEBT SERVICE:
<br />
<br /> 65,000
<br /> 12 000
<br /> 25000
<br /> 4 000
<br /> 60 000
<br /> 20OO0
<br /> 4 000
<br /> 5 000
<br />28 000
<br /> 2.000
<br /> 5225,000
<br />
<br /> 76,000
<br /> 15,000
<br /> 39,000
<br /> 4,000
<br /> 90,000
<br /> 20,000
<br /> 4,000
<br /> 6,000
<br />32,000
<br /> 2.000
<br /> 5288,000
<br />
<br />161,000] 564,267 [5 217,720 J
<br />
<br />(15,776)
<br />6,000
<br />
<br /> Existing Arena Debt-May 1,1995-November 1, 1995.
<br /> Revenues: Indoor Soccer Spring & Fall 1996/Spring 1997
<br /> = Items we adjusted from the Feasibility' Stud~.
<br />'ERYHAA~COUNTS AS OF 2/23/95 '" C~I~CKING $ 62,000 [
<br /> 'SAVINGS $ 26,529 1
<br /> CD MATURES 5/95 $ 20,000 1
<br /> CD MATURES 8/95 $ 20,000 1
<br /> PULLTABS $ 47,0001
<br /> PLEDGE CARDS AS OF 2/24/95: 3 YEAR PLEDGE 5 15,105 i
<br /> PLEDGED CASH RECEIVED $ 3,067 i
<br />
<br />iS 22o,ooo ]
<br />
<br />$ 10,000
<br />
<br />On 2/27/95 at ERYHA monthly Board meeting the ERYHA Board approved the donation of $75,000 cash to thc new Arena
<br />Project available immediately and an additional $25,000 pledge backed by the ERYHA Pull)ab Account available upon
<br />request. Th/s money is to be used to further thc progress of the Ice Arena projcct and/or to begin early construction of thc
<br />projcct if the Ice Arena Task Team decides it is needed. See attached m/nutc~.
<br />
<br />
<br />
|