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REVISED PROPOSAL BY SUB-COMMIT'rEE
<br /> OF THE PROJECTED STATEMENT OF CAStt FLOW
<br /> FROM THE FEASIBILITY STUDY COMPLETED BY MARQUETTE PARTNERS
<br />The Sub-committee established from the EDA meeting has taken the numbers from the Feasibility Study presented to them
<br />by Marquette Partners and have made revisions where they feel more accurately fits our program here in Elk River. The
<br />committee has also scaled back the project to be constructed in phast~ to bring down the in/rial cost of the project.
<br />
<br />REVENUES:
<br />* Ice Rental
<br />* lSD 728 Ice Rental
<br /> Admissions
<br />* Dry Floor Events
<br />' Sign Rental
<br /> Concessions
<br /> Vending Machine
<br /> Skate Sharpening
<br /> Miscellaneous Income
<br /> Total Revenue
<br />
<br />FEASIBILITY
<br /> STUDY
<br /> NUMBERS
<br /> 1995-96
<br /> 318 000
<br /> 27 000
<br /> 35 000
<br /> 4,000
<br /> 10 000
<br /> 63 000
<br /> 23 000
<br /> 5,000
<br /> 2,000
<br /> $487,000
<br />
<br /> EXPENSES:
<br /> Salaries 74,000
<br /> Benefits 15,000
<br /> Repairs &Mtce. 39,000
<br /> Professional Services 4,000
<br /> * Utilities 120,000
<br /> * Insurance 24,000
<br /> Administrative/Supplies 4,000
<br /> * Zamboni 7,000
<br /> Concession Merchandise 38,000
<br /> Dry Floor Events 1,000
<br />· ' ' Total Expenses: $326,000-
<br />
<br />ERYHA
<br />ACTUALS
<br />FOR BEGIN NOV. 15
<br />_1993-94 FOR 1995-96
<br />112,755 286,920
<br />22,152 25,800
<br />13,020 30,000
<br />4,147 6,000 +
<br />6,200 20,000
<br />29,144 50,000
<br />11,590 18,000
<br />2,352 .4,000
<br />2.000 2,000
<br />$203,360 $442,720
<br />
<br />CASH FLOW AVAILABLE
<br />FOR DEBT SERVICE: [-$
<br />
<br /> 47,122
<br /> 2,701
<br /> 14,500
<br /> 2,275
<br /> 33,279
<br /> 13,000
<br /> 2,500
<br /> 2,404
<br />19,862
<br /> 1,450
<br /> $139,093
<br />
<br />161,000~ $64,267
<br />
<br />ARENA SUB-COMMITTEE ADJUSTMENT
<br /> PARTIAL SEASON FULL
<br />
<br /> 65,000
<br /> 12,000
<br /> 25,000
<br /> 4,000
<br /> 60,000
<br /> 20,000
<br /> 4,000
<br /> 5,000
<br />28,000
<br /> 2,000
<br /> $225,000
<br />
<br /> Existing Arena Debt-May 1,1 995-November 1, 1995.
<br /> Revenues: Indoor Soccer Spring & Fall 1996/Spring 1997
<br /> = Items we a..djusted from the Feasibility Study.
<br />!~'RYHA A~C(~'UNTs AS OF 2./23/95 ......
<br />
<br />IS 217,720
<br />
<br /> CHECKING
<br /> 'SAVINGS
<br /> CD MATURES 5~95
<br /> CD MATURES 8~95
<br /> PULLTABS
<br />PLEDGE CARDS AS OF 2/24/95: 3 YEAR PLEDGE
<br /> PLEDGED CASH RECEIVED
<br />
<br />$ (15,776)
<br />
<br />6,000
<br />
<br />SEASON
<br />FOR 1996-97
<br /> 338,000
<br /> 27 000
<br /> 30 000
<br /> 6 000 +
<br /> 20 000
<br /> 60000
<br /> 20 000
<br /> 5 000.
<br /> 2,000
<br />
<br />$508,000
<br />
<br />$ 10,000
<br />
<br />On 2/27/95 at ERYI-IA monthly Board meeting the ERYHA Board approved the donation of 1;75,000 cash to the new Arena
<br />Project available immediately and an additional $25,000 pledge backed by the ERYHA Pulltab Account available upon
<br />request. 'T~s money is to be used to further thc progress of the Ice Arena project and/or to begin early construction of thc
<br />project if the Ice Arena Task Team decides it is needed. See attached minutes.
<br />
<br />62,000
<br />26,529
<br />20,O00
<br />20,000
<br />47,000
<br />15,105
<br />3,067
<br />
<br />220,000
<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 /> $288,000
<br />
<br />
<br />
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