6. ICESR 08-21-2018cry of
-
River`
Request for Action
To
Item Number
Ice Arena Comnnission 16.
Agenda Section
Meeting Date
Prepared by
Financial U date
August 21, 2018
Rich Czech, Arena Manager
Item Description
Reviewed by
Financial Update
Cal Portner, City Administrator
Reviewed by
Action Requested
Review Arena financial information.
Background/Discussion
Ice rentals are on target to meet the budget revenue and could possibly be over budget depending on late
suininer and fall sales.
The recreation progrann budget is over budget due to Break Away Hockey league fees being collected but
not distributed to other arenas.
Depending on when the construction begins in 2019, the budget will be greatly affected and will have to
be revisited once the construction schedule is decided.
Financial Impact
N/A
Attachments
■ Arena Revenue and Expenditure Sutninary
!4ATUR
REVENUES
Ice Rental
Recreation Programs
Admissions
Sign Rental
Dry Floor Events
Vending
Skate Sharpening
Building Rent
Interest Income
Other Mdse Sales/Mist.
TOTAL
EXPENDITURES
Personal Service
Other Operating Expenditures (1)
Vending Mdse for Resale
Other Mdse for Resale
Recreation Programs
TOTAL
Concessions:
Sales
Less: Product & Supplies
Salaries
Net Profit
OPERATING INCOME (LOSS)
Capital Outlay
NET INCOME (LOSS)
Other Income
Sale of Assets
Contributions/Rebates
Beginning Fund Balance
Ending Fund Balance
Elk River Ice Arena
Revenue and Expenditure Summary
For the Period Ending July 31, 2018
2018
2018
2017
2016
2015
Bud et
JuIV YTD
Actual
Actual
Actual
556,000
214,882
554,714
549,943
540,541
76,900
95,100
83,857
73,865
68,338
24,500
11,532
27,837
24,272
26,229
18,000
(1,544)
29,420
18,010
24,677
22,500
11,981
16,325
20,790
15,153
17,250
6,530
15,411
14,076
15,360
2,600
1,595
3,355
2,586
3,206
3,800
7,600
-
3,800
2,600
4,500
6,464
10,354
6,204
4,754
3,900
1,854
3,196
3,417
2,803
729,950
355,994
744,469
716,963
703,661
347,900
194,835
339,473
302,585
273,498
310,000
171,068
283,277
223,068
332,139
7,400
2,475
6,777
7,011
8,579
1,200
406
32
1,194
696
42,100
25,850
36,989
34,979
34,464
708;600
394,634
666,548
568,837
649,376
84,000
44,690
82,740
77,204
80,081
37,350
18,509
38,911
31,001
35,077
22,900
13,176
21,994
21, 896
22,737
23,750.
13,005
21,835
24,307
22,267
45,100
25,635
99,756
172,433
76,552
-
-
-
-
127,835
45,100
(25,635)
99,756
172,433
(51,283)
-
-
27,600
-
5,900
2,557
6,040
5,435
5,850
581,671
581,671
475,875
270,407
315,840
632;671
558,593
581,671
475,875
270,407
Notes:
(1) 2015 Operating expenditures higher due to Olympic floor repairs and testing of refrigeration system.
8/16/2018