5. - 11. ICESR 08-14-2007 - Laserfiche WebLink

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MEMORANDUM TO: Ice Arena Commission, Members FROM: Rich Czech, Arena Manager DATE: August 9, 2007 SUBJECT: Agenda Memo -August 14, 2007 5. Review 2007 operating finances and current information on 2008 Draft budget financial status Attached for your review is the current financial information for the year 2007, along with the draft budget for 2008. Included are some historical data and an outline of capital improvements that have been made over the years. For 2007, revenues will be close to what was projected. Ice sales may be short due to the fact that we lost several customers. Not returning this year are, Adam Hauser's Goalie school, and John Bazzachini's hockey school due to low participation numbers, Roger's summer hockey camp, which moved their program to their own rink, and the High School Four on Four league, which decided not to run their league this summer In all we lost about 120 hours of ice sales due to these clinics and leagues not skating at the Arena. However the good news is that some of the other camps expanded their programs to pick up some of these hours; These camps are, The Skating Academy, which expanded their program by about 20 hours, and the Elk River Youth Hockey S.T.P. program, that added about 10 hours to their clinic. In all, these skating clinics purchased a little over 30 hours of ice more than they had last season. This gave us the opportunity to expand Open Hockey as well as Open Skating. Open Skating and Open Hockey do not generate the same kind of revenue that selling the ice to a customer; however it does give the public a time where they can utilize the ice. On Monday August 12th the Parks and Recreation Department will be reviewing the budget with the City Council. At the time of the Commission meeting I should have a better idea where the Arena's budget stands and be able to give the Arena Commission a brief update. Tim Simon, The City of Elk Rivers new Finance Director, will be attending the Commission meeting to discuss the Arenas financial position. Under capital improvements for 2008 the Arena has requested a new Zamboni. The old propane model Zamboni is 23 years and is no longer a reliable machine. I would like to begin a replacement schedule for the Zamboni's every eight to nine years. This would place the oldest machine at sixteen to eighteen years, and would still have some value to it for a trade in. By setting up a replacement schedule it will provide the Arena with two quality machines into the future, as well as give the City Council and City staff a time line when looking at the Cities Capital Improvements as a whole each year.