Agenda - 06-03-2010 - 1 - Laserfiche WebLink

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iX r n e Cou nt S orts e Oa Y p p v rsus Cu rrent Yea r Bud et e 2010/2011 Budget 2009/2010 Pro.j Comments Revenues Ice Rink 1,013,150.00 925,000.00 One month revenues lost in 2010 due to shutdown.2011 Growth from new programs Aquatic 202,550.00 196,000.00 Conservative.New equipment to stimulate public swi�runing.Swim team. KidsPlex 383,500.00 362,000.00 New Pre-School.Growth in After School and Summer Camp. Membership and Fitness 638,900.00 650,000.00 Highly conservative.Continued growth anticipated.Budget will be exceeded. � Other Income 161,900.00 135,000.00 Loss in Concession revenue and Birthday parties due to pool rink/rink closures in prior year. N Totai Revenues 2,400,000.00 2,268,000.00 Expenses Credit Card Fees 41,750.00 40,000.00 Concession&Camp Food 70,650.00 66,000.00 Based on higher sales. Payroll Costs: Payroll&Benefits 1,114,920.00 990,000.00 Contractors converted to employees;No pool or rink shutdown. Contractors 288,850.00 284,500.00 Contractors being converted to employees. General Insurance 35,400.00 30,000.00 Conservative based on annual rate renewal uncertainties. Insurance Works Comp 24,400.00 21,600.00 Budget will be under spent based on recent audit. Maint.&Repair B1dglEquip. 118,500.00 122,000.00 Current year was heavy on major projects and repairs. Admin.&Operating Costs 152,750.00 131,800.00 Budget is conservative based on revenue growth and sh•ong expense reductions in 2009/10 Outside Services&Leases G0,400.00 47,300.00 Additional security for public skate sessions;Conservative. Management Fees 145,200.00 139,800.00 Annual escalation as per contract. Utilities 347,180.00 279,500.00 Conservative at time of budget due to concerns over rates.Will Ue significantly under spent. Total Expenses 2,400,000.00 2,152,500.00 Net Contribution 115,500.00 -- - ------ ----------�-