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Elk River Ice Arena
<br />Revenue and Expenditure Summary
<br />For the Period Ending October 31, 2007
<br /> Proposed
<br /> 2008 2007 10/31/07 2006 2005 2004
<br /> Budget Budget Actual Actual Actual Actual
<br />REVENUES
<br />Ice Rental 420,000 418,400 251,543 410,210 403,503 376,127
<br />Recreation Programs 139,000 133,000 134,613 135,471 108,771 106,089
<br />Admissions 32,500 32,500 23,044 42,556 41,018 47,270
<br />Sign Rental 18,500 18,500 (1,275) 15,792 19,664 17,572
<br />Dry Floor Events 14,000 16,000 10,930 12,002 13,662 12,339
<br />Concession Rent - - - - 10,750 21,500
<br />Vending 30,000 35,400 15,458 25,407 29,935 29,370
<br />Skate Sharpening 4,000 4,000 3,212 3,916 3,847 3,939
<br />Building Rent 2,600 2,600 2,600 5,200
<br />Other Mdse Sales/Misc. 3,000 3,000 1,216 1,996 2,190 3,709
<br />TOTAL 663,600 663,400 441,341 652,550 633,339 617,914
<br />EXPENDITURES
<br />Personal Service 279,150 258,750 185,798 233,878 221,771 200,721
<br />Other Operating Expenditures 265,900 257,450 182,417 236,768 219,338 218,030
<br />Vending Mdse for Resale 15,500 15,500 8,471 13,293 12,682 14,852
<br />Other Mdse for Resale 1,200 2,400 30 139 808 1,101
<br />Recreation Programs 59,550 59,650 51,489 51,169 39,370 40,667
<br />TOTAL 621,300 593,750 ' 428,205 535,247 493,970 475 371
<br />CONCESSIONS
<br />Sales 78,000 75,000 49,958 71,805 27,101
<br />Less: Product & Supplies 30,750 29,500 17,956 28,395 23,749
<br />Salaries 22,500 22,500 12,004 20,907 8,696
<br />Net Profit 24,750 23,000 19,998 22 503 (5 344)
<br />OPERATING INCOME (LOSS) 67,050 92,650 33,134 139,806 134,024 142 542
<br />Capital Outlay 109,500 - - - 70,290 447,630
<br />Building Debt 201,700 199,400 32,205 201,820 198,660 200,215
<br />NET INCOME (LOSS) (244,150) (106,750) 929 (62,014) (134,925) (505,303)
<br />Other Income
<br />Interest Income _ _ _ _ _
<br />Sale of Fixed Assets _
<br />Contributions/Rebates - 15,436 1,400 11,000
<br />Admission Surcharge - - 6,291 - 8,384 9,098
<br />Transfers In
<br />Capital Outlay 109,500 - - 66,703 -
<br />Eliminate Deficit (General Fund) 134,650 106,750 57,514 66,302 39,260
<br />Building Project - - - - 464,537
<br />Change in Fund Balance - - 7,220 10,936 7,863 18,592
<br />11 /7/2007
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