2. - 11. ICESR 08-08-2006 - Laserfiche WebLink

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C ~~ ~~ Ver MEMORANDUM TO: Ice Arena Commission, Members FROM: Rich Czech, Arena Manager DATE: August 3, 2006 SUBJECT: Agenda Memo -August 8, 2006 5) Review 2005 operating finances current information on 2005 financial status Attached for your review are the financial summaries for the Arena for the years 2002 thru 2005, along with the budget for 2006. Revenues for ice rentals should meet or exceed the budget. So far this year we rented $205,492.00 in ice sales. With the months of August through December to go, I'm anticipating that we will sell about another $180,000.00 in ice. The recreation fees look like they will be falling short of the budget. So far this year we took in $84,827.00 in registrations for the Skating Academy and the Hockey skating clinics and leagues. Looking back at what was taken in for the months of August through the end of the year in 2005, we should expect another 20,000.00 to 25,000.00 in registration fees. With twenty high school games left to be played in 2006, the revenues for admission should be over by about $3,500.00. This will largely depend on when the Roger's Arena will be built, which will be addressed later. Attached for your review is the home high school Hockey schedules to be played at the Arena. Most expenditure line items look like they will be within the budget; however, I'm always concerned with the utilities going over budget. At a resent M.I.A.M.A. (Minnesota Ice Arena Manager's Association) meeting, a representative from Excel Energy noted that energy costs may go up as much as 15% this winter. If this holds true, we could see utility cost increase by an additional $10,000.00. Over the years we have implement some policies and equipment to help conserve on electricity, motion detectors for the lights in all of the locker rooms and bathrooms, keep only one bank of lights on when there's no one on the ice, and install energy efficient motors whenever possible. One possibility we are looking at is installing high efficiency fluorescent bulbs over the rink surfaces. Most rinks that have been built over the last few years have installed these types of fixtures because they use less electricity than medal halide fixtures.