Minutes 06-06-2013 - Laserfiche WebLink

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