Agenda - 09-17-2013 - 5a - Laserfiche WebLink

Browse Search

7 1 budgeted FY 2012-13 revenues, and program expenditures are budgeted at a 4.2% 2 increase when compared with the FY 2012-13 budget. 3 • Capital improvements to the building will be required in FY 2013-14 due to the age of the 4 facility; a detailed list of these improvements is included in the FY 2013-18 Capital 5 Investment Plan. 6 • The $360,000 reflected Capital Outlay in the FY 2013-14 Manager Recommended Budget 7 represents anticipated surplus revenue that will be held in a reserve account for future 8 repairs/replacement. 9 • Offsetting revenues include the Transfer from the General Fund to cover the annual debt 10 service on the building. The Transfer from the General Fund for FY 2013-14 is $376,450. 11 12 Paul Laughton referred to page 268 of the abstract, as well as attachment E. He 13 reviewed the additional information listed in the abstract line item breakdown, major programs 14 and revenues/expenses. He noted the Sportsplex is looking at about a 9.2% increase in overall 15 revenues next year and a 4.2% increase in expenses. He said the ice rink has been a major 16 source of revenue increase, as well as the Kidsplex afterschool programs and the fitness 17 programs. 18 John Stock said that a recent forecast showed year-to-date operations line up remarkably 19 well with the budget. He said the facility is beginning to get into some capacity concerns that 20 may affect increasing revenues. He said the 4% increase in expenses is partly due to some 21 unplanned expenditures that included $60,000 for a new compressor, the purchase of a new 22 server and design for a new website. He said that these would normally be CIP items, but 23 because they were unbudgeted, these were paid for out of operating expenses. 24 He said that, after years of 10% annual growth, there has been a slowdown. He said the 25 lobby expansion will allow more flexibility for exercise classes and for Kidsplex. He said there 26 are some aggressive numbers in the CIP. He said the facility is doing its job well and the 27 community is responding to this and driving this growth. 28 John Stock said that some of the key areas of need are for the afterschool, senior and 29 young family programs. He said the facility is open 360 days a year from 5:30 AM until just 30 past midnight, regardless of weather. He said the lobby expansion will pay for itself in terms of 31 more membership. He said that the proposed new turf is to be used, not only for sports, but as 32 a walking area for seniors as well. He said there are child development programs that also use 33 the turf and cater to children as young as 18 months. 34 He reviewed some of the growing programs, including soccer training. He said the center 35 provides a unique perspective on the business of sports. He reviewed several consulting 36 partnerships with other companies. 37 Chair Jacobs said the Board appreciates the Sportsplex and said it is popular with the 38 staff. 39 40 3. County Departments 41 42 Paul Laughton said that the budget and management heads for each department will 43 handle introductions as well as a brief highlight of budget drivers for the next year. He said this 44 will be followed by elaboration from the department heads. 45 46 Register of Deeds 47 page 237 48 49 Budget Highlights