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Elk River Ice Arena
<br />Revenue and Expenditure Summary
<br />For the Period Ending June 30, 2008
<br /> 2009 2008 2008 2007 2006 2005 2004
<br /> Budget Budget YTD Actual Actual Actual Actual
<br />REVENUES
<br />Ice Rental 432,000 420,000 182,172 423,098 410,210 403,503 376,127
<br />Recreation Programs 154,700 139,000 66,418 154,808 135,471 108,771 106
<br />089
<br />Admissions 33,000 32,500 15,417 30,407 42,556 41,018 ,
<br />47
<br />270
<br />Sign Rental 18,500 18,50D 2,600 12,352 15,792 19,664 ,
<br />17,572
<br />Dry Floor Events 15,000 14,000 4,056 10,933 12,002 13,662 12
<br />339
<br />Concession Rent - - - - - 10,750 ,
<br />21,500
<br />Vending 22,000 30,000 8,671 19,151 25,407 29,935 29,370
<br />Skate Sharpening 4,500 4,000 2,214 4,594 3,916 3,847 3
<br />939
<br />Building Rent 2,600 2,600 - 2,600 5,200 ,
<br />Other Mdse Sales/Misc. 2,000 3,000 779 1 664 1 996 2 190 3 709
<br />TOTAL 684,300 863,600 282,327 659 607 652 550 633 339 617 914
<br />EXPENDITURES
<br />Personal Service 277,900 279,150 121,173 244,201 233,878 221,771 200,721
<br />Other Operating Expenditures 278,000 285,900 126,131 256,696 236,768 219,338 218,030
<br />Vending Mdse for Resale 13,500 15,500 3,188 11,983 13,293 12,682 14,852
<br />Other Mdse for Resale 1,200 1,200 288 637 139 808 1,101
<br />Recreation Programs 64,600 59,550 32 010 60 330 51 169 39 370 40 667
<br />TOTAL 635,200 621,300 282,790 573 847 535 247 493 970 475 371
<br />CONCESSIONS
<br />Sales 73,000 78,000 35,221 71,934 71,805 27,101
<br />Less: Product & Supplies 27,700 30,750 13,587 28,904 28,395 23,749
<br />Salaries 22,500 22,500 13,354 19 811 20 907 8 696
<br />Net Profit 22,800 24,750 8 280 23 219 22 503 (5 344)
<br />OPERATING INCOME (LOSS) 71,900 67,050 7 817 108 979 139 806 134 024 142 542
<br />Capital Outlay 100,000 100,000 - - - 70,290 447,630
<br />Building Debt 198,500 201,700 28,357 199,410 201,820 198,660 200,215
<br />NET INCOME (LOSS) _ (226,600) (234,650). (20,540) (90,431) (62 014) (134 925) (505 303)
<br />Other Income
<br />Interest Income _ _ _ _ _
<br />
<br />Sale of Fixed Assets
<br />_
<br />- _
<br />Contributions/Rebates - - - 9,519 15,436 1,400 11,000
<br />Admission Surcharge - - 4,277 - - 8,384 9,098
<br />Transfers In
<br />Capital Outlay 100,000 100,000 - 9,500 - 66,703
<br />Eliminate Deficit (General Fund) 126,600 134,650 - 79,931 57,514 66,302 39,260
<br />Building Project - - - - - 464,537
<br />Change in Fund Balance - - (16 283) 8 519 10 936 7 863 18 592
<br />7/30/2008
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