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Elk River Ice Arena
<br /> Revenue and Expenditure Summary
<br /> For the Period Ending December 31,2012
<br /> 2013 2012 2012 2011 2010
<br /> Budget Budget Actual Actual Actual
<br /> REVENUES
<br /> Ice Rental 493,000 488,000 532,356 493,698 478,393
<br /> Recreation Programs** 100,500 95,800 70,905 89,346 94,688
<br /> Admissions 25,500 22,900 30,384 25,630 22,573
<br /> Sign Rental 18,000 17,500 23,551 18,086 18,002
<br /> Dry Floor Events 19,500 17,400 17,463 19,518 17,442
<br /> Vending 11,800 14,000 13,879 11,796 13,012
<br /> Skate Sharpening 4,300 4,300 4,373 4,223 4,372
<br /> Building Rent 2,600 2,600 2,600 2,600 2,600
<br /> Interest Income - - 247 - -
<br /> Other Mdse Sales/Misc. 3,050 2,900 4,048 2,849 2,027
<br /> TOTAL 678,250 665,400 699,806 667,746 653,109
<br /> EXPENDITURES
<br /> Personal Service 287,500 294,450 288,576 265,932 266,627
<br /> Other Operating Expenditures 235,450 220,000 226,542 232,895 235,281
<br /> Vending Mdse for Resale 7,000 8,000 8,148 6,098 6,958
<br /> Other Mdse for Resale 900 600 846 840 237
<br /> Recreation Programs 51,850 53,750 34,845 34,121 40,037
<br /> TOTAL 582,700 576,800 558,957 539,886 549,140
<br /> CONCESSIONS
<br /> Sales 78,000 69,000 78,616 77,768 69,132
<br /> Less: Product&Supplies 26,900 24,450 36,233 32,990 31,988
<br /> Salaries 23,100 22,700 16,967 20,084 17,655
<br /> Net Profit 28,000 21,850 25,416 24,694 19,489
<br /> OPERATING INCOME(LOSS) 123,550 110,450 166,265 152,554 123,458
<br /> Capital Outlay 357,300 20,500 17,786 42,143 -
<br /> Building Debt* - - - 200,780 199,900
<br /> NET INCOME(LOSS) (233,750) 89,950 148,479 (90,369) (76,442)
<br /> Other Income
<br /> Contributions/Rebates 7,300 - 7,732 7,012 6,743
<br /> Grant Contribution - - - - (39,417)
<br /> Transfers In
<br /> Capital Outlay-Liquor Fund 137,500 .. - .. -
<br /> General Fund - - - 90,369 76,442
<br /> Beginning Fund Balance 89,950
<br /> Change/Ending in Fund Balance 1,000 89,950 156,211 7,012 (32,674)
<br /> *=building debt paid on 12/01/2011
<br /> *= Recreation program revenues includes Hockey and Skating programs
<br /> 4/5/2013
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