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MEMORANDUM <br /> TO: Ice Arena Commission, Members <br /> FROM: Rich Czech, Arena Manager <br /> DATE: March 19, 2003 <br /> SUBJECT: Agenda Memo —April 1, 2003 <br /> 5. Review 2002 operating finances current information on 2003 financial status <br /> Attached for your review are the financial summaries for the Arena for the years 1997 - <br /> 2002, along with the actual year to dates revenues and expenditures for 2003. Revenues <br /> were higher than projected, while expenditures (over all) were slightly lower. <br /> 6. Ice Usage update <br /> With Rogers establishing their own youth hockey association, and the school district <br /> adding girls and boys hockey to their after school activities,there has been a great <br /> deal of concern from Elk River Youth Hockey about what hours they will end up with <br /> next season. For your review, I have included a memo that I sent to Arena customers <br /> regarding ice usage for next season. <br /> Since I did not receive a formal response from Elk River Youth Hockey, most of my <br /> information comes from talking to board members and from the general membership <br /> of youth hockey. One of the concerns I have heard is regarding non-prime time hours. <br /> These are hours rented before 6:00am on weekends and hours rented after 9:15pm. <br /> Youth Hockey will be returning about 400 hours of ice. I believe there is a concern <br /> that all of these hours will be prime time ice. In reality, they will receive <br /> approximately the same percentages of non prime time ice as in the past. <br /> The history of non prime time ice usage by youth hockey members goes back to when <br /> the Barn was first built. During the years that youth hockey owned and operated the <br /> Arena the youth hockey board had a commitment to its lenders of paying monthly <br /> mortgage payments. During these years Elk River Youth Hockey rented to outside <br /> groups like St. Francis, Monticello, Osseo, and St. Michael to increase their ice sales. <br /> To open up more prime time hours to sell to these groups, Elk River Youth Hockey <br /> skated as late as 11:30pm during the week, and as early as 5:10am during the <br /> weekends. <br />