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EXHIBIT A - PAGE 2
<br />
<br /> ELK RIVER ICE ARENA
<br />PROPOSED OPERATING AND MAINTENANCE BUDGET
<br />
<br />Seasorl
<br />
<br />.1996-1997 1__997-1998 1998-1999 .
<br />
<br />Ice Rental $ 338,000 $ 354,900 $ 372,645
<br />School Dist. 728 Rental 27,000 28,350 29,768
<br />Game & Tournament Admissions 30,000 31,000 31,000
<br />· Dry Floor Events 6,000 6,000 6,000
<br />Sign Rental 20,000 20,000 20,000
<br />Concessions 60,000 60,000 60,000
<br />Vending Machine 20,000 20,000 20,000
<br />Skate Sharpening 5,000 5,000 5,000
<br />Miscellaneous Income 2.000 2,000 2.000
<br />TOTAL , 508,000 527.250 546.413.
<br />
<br />EXPENDITURES:'
<br />
<br />Salaries & Benef'~ 91,000 94,640 98,426
<br />Supplies 4,000 4,500 5,000
<br />Repair & Maintenance 39,000 40,000 41,000
<br />Professional Services 4,000 4,000 4,000
<br />Utilities .90,000 90,000 90,000
<br />Insurance 20,000 21,000 22,000
<br />Zamboni 6,000 6,000 6,000
<br />Merchandise for Resale 32,000 32,000 32,000
<br />Dry Floor Events 2,000 2.001 2.002
<br />TOTAL .288.000 294,141 300,428
<br />
<br />EXCESS REVENUES (EXPENDITURES)
<br />AVAILABLE FOR DEBT SERVICE
<br />
<br />220,000 233,109 245,985
<br />
<br />Estimated annual Debt
<br />
<br />190,000 $190,000 $ 190,000
<br />
<br />Estimated annual debt assumes issuance of $2,000,000 G O twenty year
<br />bond with an initial interest rate of 6.9%.
<br />
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