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6.0. ICESR 08-20-2019 Elk River Ice Arena Revenue and Expenditure Summary For the Period Ending July 31, 2019 20202019201920182017 BudgetBudgetJulyActualActual REVENUES Ice Rental 430,000 556,000 225,031 545,551 554,714 Recreation Programs 75,000 82,900 91,419 91,017 83,857 Admissions 25,700 26,000 10,737 26,188 27,837 Advertising - 28,000 970 23,925 29,420 Dry Floor Events 7,000 21,000 161 13,114 16,325 Vending 9,500 17,400 5,597 13,635 15,411 Skate Sharpening 2,500 3,500 1,790 3,090 3,355 Building Rent - 3,800 1,267 7,600 - Interest Income 6,000 8,000 7,669 11,670 10,354 Other Mdse Sales/Misc. 2,100 3,900 7,948 3,440 3,196 TOTAL 557,800 750,500 352,589 739,230 744,469 EXPENDITURES Personal Service 372,200 375,600 205,108 356,579 339,473 Other Operating Expenditures (1) 199,100 280,700 120,845 327,791 283,277 Vending Mdse for Resale 4,000 7,500 1,679 5,432 6,777 Other Mdse for Resale 800 1,200 2,385 1,213 32 Recreation Programs 45,150 46,600 32,471 43,781 36,989 TOTAL 621,250 711,600 362,488 734,796 666,548 Concessions: Sales 51,000 85,100 39,105 86,336 82,740 Less: Product & Supplies 22,400 39,750 17,172 37,214 38,911 Salaries 16,150 22,600 11,599 27,006 21,994 Net Profit 12,450 22,750 10,334 22,116 21,835 OPERATING INCOME (LOSS) (51,000) 61,650 435 26,550 99,756 Capital Outlay - 10,000 10,434 - - NET INCOME (LOSS) (51,000) 51,650 (9,999) 26,550 99,756 Other Income Contributions/Rebates 5,500 6,100 2,927 5,458 6,040 Beginning Fund Balance 671,429 613,679 613,679 581,671 475,875 Ending Fund Balance 625,929 671,429 606,607 613,679 581,671 8/14/2019