08-03-2004 ICE MIN - Laserfiche WebLink

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MEETING OF THE ELK RIVER ICE ARENA COMMISSION HELD AT ELK RIVER CITY HALL TUESDAY, AUGUST 3, 2004 Members Present: Chair Martin, Commissioners Halgren, Johnson, Malzahn, Polston-Rork and Tveite Members Absent: None Staff Present: Arena Manager Rich Czech, Parks and Recreation Director Bill Maertz, and Recording Secretary Jessica Miller 1. Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Elk River Ice Arena Commission was called to order at 6:35 p.m. by Chair Martin. 2. Consider 08/03/04 Ice Arena Commission Agenda MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER JOHNSON TO APPROVE THE AUGUST 3, 2004 ICE ARENA COMMISSION AGENDA. THE MOTION CARRIED 6-0. 3. Consider Minutes of 04/13/04 Ice Arena Commission Meeting Commissioner Halgren made a minor change to the April 13, 2004 minutes. MOVED BY COMMISSIONER JOHNSON AND SECONDED BY COMMISSIONER POLSTON-HORK TO APPROVE THE APRIL 3, 2004 ICE ARENA COMMISSION MEETING MINUTES WITH CHANGE. MOTION CARRIED 6-0. Open Mike No one appeared for Open Mike. Review 2004 Financial Information and 2004 Budget Ice Arena Manager Rich Czech presented Arena financial summaries for 2003 and 2004 along with budget information from 2004 and a draft budget for 2005. Mr. Czech noted that the 2003 budget had to be adjusted over $64,000 to account for the floor repairs in the Barn. Mr. Czech stated that the ice rental amount should be near the $355,000 that was budgeted. He stated that the 2005 budget indicates a deficit of $66,850, excluding the capital outlay, which is an increase of approximately $20,000 from the 2004-budgeted amount. He noted that ice rentals are projected to increase but most of the other revenue sources are expected to remain the same or decrease.