HomeMy WebLinkAboutItem 06.jItem No.
May 14, 2014
Acknowledge Receipt of Lakeville Arenas 2015 Budget
Proposed Action
Staff recommends adoption of the following motion:
Move to acknowledge receipt of the Lakeville Arenas 2015 Budget.
Passage of this motion will result in consideration of Lakeville Arenas 2015 budget by
the Lakeville Arenas Board at their next meeting.
Overview
The Joint Powers Agreement for the Lakeville Arenas (Section 6a) states: 'The Board
shall prepare on annual budget on a calendar year basis. The budget shall set forth
projected expenditures and revenues to make Arena Complex lease payment, fund capital
maintenance reserve, and to maintain, operate and manage the Arena Complex. The
budget shall be submitted to the members on or before June 15' annually for review and
comment. The Board shall consider any comments received and adopt a final budget on or
before July 15lannually."
The Lakeville Arenas Board reviewed the budget at its April meeting and recommended
forwarding the proposed preliminary budget to the City Council for their review and
comment. The Lakeville Arenas Board will consider approval of the budget at its May
21 st meeting, subject to any comments received from the City and School District.
Primary Issues to Consider
• City financial assistance requirements:
There is no financial assistance required by the City for arena operations.
Supporting Information
• Lakeville Arenas Proposed 2015 Budget
Financial Impact: N/A Budgeted: N/A Source:
Related Documents:
Notes:
E
Proposed 2015 Budge
Table of Contents
Page
Letter of Transmittal 3
2013 Summary 3
General Fund 7
Revenues 7
Program Budget Descriptions and Expenditures 9
Debt Service Funds 13
Fund Balance 14
Capital Reserve Fund 15
Supplemental information 16
Statement of Revenues and Expenditures 16
2
EVILLE
April 15, 2014
Lakeville Arenas Board members
The Joint Powers Agreement requires the Board to approve an annual budget on a calendar
year basis. The budget must set forth projected expenditures and revenues necessary to
finance lease payments, fund the capital maintenance reserve and to maintain, operate, and
manage the Arena Complex. The budget must be submitted to the City and School District
prior to June 1s`. The Board must approve the budget prior to July 1. As such the proposed
2015 budget is hereby presented to the Board for their consideration and approval.
The budget is comprised of the following funds in order for the Lakeville Arenas to
effectively manage its financial resources.
• General (Operating) Fund. The General Fund accounts for the overall operations
of the Lakeville Arenas.
Capital Reserve Fund. The Capital Reserve Fund was established to provide the
financing of future equipment replacements and major facility programs.
The salient issues relative to the proposed budget for each of the respective funds are
discussed in the sections attached hereto.
2013 Summary
The 2013 fiscal year marked the sixth full year of joint operation of both the Ames and
Hasse Arenas. The joint operation has enabled the Lakeville Arenas organization to
continue to offer new and expanded opportunities to better serve our customers — the
community. Some of the highlights and initiatives are as follows.
Public Skating. The arena has continued to offer year round public skating during
both weekday and weekend hours. Public skating attendance for paid sessions
decreased this past year from 3,685 skaters in 2012 to 2999 skaters in 2013. This
was a result of fewer public skating sessions due additional weekend high school
games which take the place of public skating ice. Our no charge daytime public
skating which is offered during the school year has continued to be popular.
■ Learn to Skate Program. The learn to skate program has continued to provide
skating opportunities for children and adults of all ages. Enrollment has remained
steady between 550 — 650 skaters per year over the past three years. The learn to
skate program has also led to the creation of the Heritage Figure Skating Club
which is made up of a combination of learn to skate students and local figure
skaters. Both of these programs have created great experiences for our young
students that will last a life time.
■ High School attendance. Attendance at high school games increased from 2012-
13 due
to successful seasons
of the teams.
2009-10
2010-11
2011-12
2012-13
2013-14
Boys
332 avg/gm
347 avg/gm
315 avg/gm
258 avg/gm
319 avg/gm
Girls
186 avg/gm
179 avg/gm
200 avg/gm
189 avg/gm
193 avg//m
Total
10,908/43 gms +
9,833/39 gms
11,228/44 gms
9,953/45 gms
11,139/44 gms
■ Adult Hockey League: The Lakeville Arenas adult hockey league was formed in
2008-09 with the additional late night hours available with the opening of Hasse
Arena. The league hosted 6 teams this past season and offered organized team
play for over 90 participants with plans to continue the expansion in coming
years.
■ Dry Floor Activities. The artificial turf has continued to provide opportunities for
a wide range of indoor activities during the non -ice season. In 2013 over 265
hours of turf activities involving lacrosse, soccer, baseball and softball were
rented at Ames Arena. In addition, over 260 hours of dry floor events including
numerous children's consignment sales and a Horne Design Expo. We also
hosted the 6th Annual Family Fun Fest which attracted over 1,100 community
members.
2014 Operations
The following is a succinct overview of the salient changes in operations and budget.
■ Ice rentals are projected to increase when compared to the adopted budget due to
an increase in summer ice rentals by the high school hockey coaches as they
expand their off season training programs. Cooperation between LHA and the
Arenas has allowed the available ice hours to be fully utilized during the early
tryout season resulting in maximum facility usage.
■ Dry floor events including multiple consignment sales and a Home Design Expo
will generate additional revenue as well as showcase the facilities for future dry
floor events.
• A number of maintenance projects will be undertaken at the Ames Arena to
maintain the facility at optimum condition and improve conditions to meet
4
customer expectations. A complete description is provided in the General Fund
narrative.
■ A plan to retrofit rink #1 at Ames Arena with new light emitting diode (LED)
lighting is currently being proposed. The new lighting will reduce the energy
consumption of the lights by nearly 75%.
Overall, the Arena operations are very strong both financially and operationally.
Customer satisfaction and community involvement continue to be high. The changes in
the budget and operations will further enhance Arena performance capabilities.
Proposed 2015 Budget Highlights
Maintaining current programs and expanding facility use opportunities requires an
investment in facility maintenance and equipment. As such, the salient budget proposals
are as follows.
■ Ice rental rates are proposed to increase on October 1, 2015 to $225 per hour
compared to our current rate of $215 per hour.
■ The projected 2015 ice rental hours during the winter season are expected to
remain steady with past seasons.
■ A part time clerical position has been included during the winter months to assist
in the day to day administrative functions.
■ Learn to Skate, high school game attendance and concession sales are expected to
remain steady in 2015.
■ Building repair and maintenance items addressed in 2013 & 2014 will help to
reduce operational and repair costs in 2015.
■ Investment in major maintenance of the Ames Arena will ensure long term
operational reliability and success at the building. Ames Arena is continually in
need of major maintenance in order to improve energy and operational
efficiencies and to improve the customer experience of the facility. The many
energy efficient improvements over the past years including an energy recovery
dehumidification system installed in 2009, low -e ceiling installation in 2010 in
Rink 2 and building management controls installed in 2011 are major reasons for
the management of overall energy consumption.
F1
Future
The primary goal of Lakeville Arenas is to continue to focus on marketing efforts which
will result in an expansion of the facility use and revenue base with the expectation that
ice use rates in future years will continue to be competitive with those of surrounding
communities.
The staff has developed a long range plan for future equipment acquisitions and
replacements. A specific issue affecting the ice making equipment at Ames and Hasse
Arenas is the planned phase-out by the Environmental Protection Agency of the
refrigerant HCFC -22 (R-22), which is currently the primary refrigerant used to cool the
ice sheets in our arenas. The proposed budget accounts for short term operating
requirements while the Capital Reserve Plan addresses the anticipated intermediate and
long term needs required to comply with this mandate.
The future is indeed very bright for the long term outlook for the Arenas and the
community. The facilities are well structured to accommodate user needs.
Conclusion
The success of these programs has established a foundation for expanded use of the
arenas by the community's residents in the years to come. Our objective for the coming
year is to expand on the success by creating even greater opportunities and enjoyable
experiences for the customers.
The proposed budget is consistent with the purpose of the Joint Powers Agreement to
"...operate and manage the Arena Complex in the best interests of the community." The
organization will continue its efforts to undertake entrepreneurial endeavors to maximize the
return on the public investment.
Respectfully submitted,
J� A#IP9
Shayne Ratcliff
Arenas Manager
6
General (Operating) Fund
The General Fund accounts for the overall operations of the Lakeville Arenas.
Operating Revenues
In order to adequately finance operations, sufficient revenues must be provided through a
concerted effort of maximizing facility use rentals and facility use fee adjustments. The 2015
revenues from operations are estimated to be $1,089,746 of which $912,276 (84% of budget)
is from ice rental in order to adequately finance Arena operations.
Operating Revenues
Ice Rental
Dry floor
Learn to Skate
Admissions -Public Skating
Event Admissions(Net of ISD Reimb)
Skate Sharpening
Skate Rental
Concessions and pro shop - net
Vending Machines
Other - Advertising Contract
Other - Miscellaneous
Total Revenues
2015
Increase/
PROPOSED
decrease
$ 912,275
17,970
31,040
(2,225)
42,720
1,922
13,250
-
34,000
-
5,900
-
4,300
-
20,000
-
6,550
-
19,600
-
ill
(682)
1,089,746
16,985
Ice rental hours are expected to be 100% rented from November thru February to either the
school district, youth hockey groups, public skating or learn to skate programs. The primary
ice customers are listed below.
20i
7
O Lakeville Hockey Association - 59%
M ISD 194 - 26%
0Other Hockey Associations - 3%
D Adult Hockey - 4%
®Public Skating - 4%
O Learn to Skate - 2%
W Other - 2%
In order to adequately finance operations; the winter ice rental rates for the 2014-15
season will increase to $225 per hour effective October 1, 2015. This is the first rate
increase in 3 years; the current rate is $215 per hour. Non -winter season ice rental is
proposed to remain unchanged at $160 per hour in 2015. The following is a comparison of
prime time winter and summer rates with other communities for the 2014-2015 season.
Summer Prime Rate
2014 Adj.
$ 195$ -
195
185
185
190
185
160
150
145
145
N/A
N/A
5
5
10
10
5
N/A
N/A
Dry floor program opportunities have been greatly enhanced with the installation of
artificial turf at the Olympic size rink at Ames Arena. Lakeville Arenas will continue to
aggressively pursue renting of the facilities for dry floor activities. Target customers continue
to be youth sports activities such as soccer, lacrosse and baseball. The Arenas have
numerous dry floor events scheduled for 2014. The Arenas will continue to market itself as a
showcase for trade shows and other exhibition programs. Revenues from dry floor activities
are estimated to be $31,040.
The Learn to Skate program has enrolled over 3,500 participants since its return in 2007.
With our highly qualified Director and competent staff, we expect the program to be a
continued success. For the 2014-15 season, the hours of operation will continue to include:
i) Four (4) 8 week sessions over the course of a year
• Fall and Winter sessions will be held at Hasse Arena
• Spring and Summer sessions will be held at Ames Arena
ii) Fall/Winter sessions will include 4.5 hours on Saturday mornings
iii) Spring session will include 2.5 hours on Tuesday mornings &
evenings and 4.5 hours on Saturday mornings
iv) Summer session will consist of 2.5 hours on Tuesday evenings
8
2015
195
195
190
190
190
185
160
160
155
150
N/A
N/A
Winter Prime Rate
2013-14
Adj.
2014-15
Burnsville
$ 215
$ 10
$ 225
Richfield
Prior Lake
215
10
225
Eagan
St. Thomas Acad.
215
10
225
Bloomington
Lakeville
215
10
225
Burnsville
Farmington
210
-
210
Minnetonka
Apple Valley
210
-
210
St Thomas Acad.
Cottage Grove
205
-
205
Lakeville
Eagan
200
-
200
Prior Lake
Richfield
195
5
200
Cottage Grove
Minnetonka
190
5
195
Shakopee
Shakopee
195
-
195
Apple Valley
Bloomington
185
5
190
Farmington
Summer Prime Rate
2014 Adj.
$ 195$ -
195
185
185
190
185
160
150
145
145
N/A
N/A
5
5
10
10
5
N/A
N/A
Dry floor program opportunities have been greatly enhanced with the installation of
artificial turf at the Olympic size rink at Ames Arena. Lakeville Arenas will continue to
aggressively pursue renting of the facilities for dry floor activities. Target customers continue
to be youth sports activities such as soccer, lacrosse and baseball. The Arenas have
numerous dry floor events scheduled for 2014. The Arenas will continue to market itself as a
showcase for trade shows and other exhibition programs. Revenues from dry floor activities
are estimated to be $31,040.
The Learn to Skate program has enrolled over 3,500 participants since its return in 2007.
With our highly qualified Director and competent staff, we expect the program to be a
continued success. For the 2014-15 season, the hours of operation will continue to include:
i) Four (4) 8 week sessions over the course of a year
• Fall and Winter sessions will be held at Hasse Arena
• Spring and Summer sessions will be held at Ames Arena
ii) Fall/Winter sessions will include 4.5 hours on Saturday mornings
iii) Spring session will include 2.5 hours on Tuesday mornings &
evenings and 4.5 hours on Saturday mornings
iv) Summer session will consist of 2.5 hours on Tuesday evenings
8
2015
195
195
190
190
190
185
160
160
155
150
N/A
N/A
The public skating program was very successful during 2013 but had an overall drop in
attendance due to fewer sessions offered during the prime winter months. This reduction was
due to numerous double header high school games on Saturday afternoons which take
scheduling priority over public skating sessions. For the 2014-15 winter season, the hours of
operation will continue to be offered in the same manner as last season; Saturdays from
5:45pm — 7:15pm and Sundays from 1:30pm — 3:00pm for $4.00/person and $3.00/skate
rental. The budget anticipates approximately $17,500 of revenues from public skate
admissions and skate rental.
Pro Shop Sales / Skate Sharpening are provided at both Ames and Hasse Arena.
Concessions operations at Ames Arena and Hasse Arena have been managed by the Arena
staff since October 2012. Concessions revenue is expected to remain steady from 2013 as
overall arena operations will be very similar to the previous year. The budget anticipates
approximately $20,000 of revenues from the concession stand operation.
Vending Machines revenues are approximately $6,550.
Expenditures
The 2015 expenditure budget is $1,089,746 which is a $16,985 (1.5%) increase over the
previous year. The following is a summary of the proposed budget expenditures:
The majority of the costs attributable to operations are fixed costs such as insurance, debt
service, Capital Reserve and certain personnel costs. As such, the arena must seek to
maximize efficiencies by operating the facilities as one complex with a common
objective — providing quality services for the community and maximizing the return on
the public investment.
7
2015
Increase/(decrease)
Proposed
Total
%
Personnel
366,865
7,903
2.2%
Utilities
265,476
18,917
7.7%
Contractual
201,409
(15,835)
-7.3%
Capital reserve fund
119,000
3,000
2.6%
Debt service
88,626
-
0.0%
Commodities
40,370
(1,000)
-2.4%
Other
8,000
8,000
Capital Outlay
-
(4,000)
-100.0%
Total
$ 1,089,746
$ 16,985
1.6%
The majority of the costs attributable to operations are fixed costs such as insurance, debt
service, Capital Reserve and certain personnel costs. As such, the arena must seek to
maximize efficiencies by operating the facilities as one complex with a common
objective — providing quality services for the community and maximizing the return on
the public investment.
7
Personnel costs account for approximately 34% of the operating costs. The proposed budget
provides for three full time staff members to operate the facilities.
Arenas Manager
(2) Assistant Managers
In 2013 the full time staff was restructured to include two Assistant Managers to oversee the
night and weekend operation of the arenas and eliminated the day time Facility
Superintendent Position. This change improved supervision during peak periods but reduced
daytime staffing and increased the duties put on the remaining daytime staff. The budget
includes funds for a part time clerical position of 20 hours per week from November —
February. This position will help with the day to day administrative functions such as
inventorying, ordering and receiving concessions and pro shop items, collecting and
organizing daily deposits as well as maintaining proper denominations for cash management.
The arena also has a contingent of part-time staff including resurfacer drivers, office workers,
Learn to Skate Director, Learn to Skate Instructors, concession and custodians. Part-time
personnel are scheduled based on facility rental commitments. Hence, part-time personnel
costs are directly proportional to revenues.
10
2015
Increase/(decrease)
Proposed
Total
%
Salaries and benefits
Salaries - Full Time
$ 161,141
$ 2,212
1.4%
Salaries - Part Time
128,123
3,959
3.2%
PERA
21,695
1,171
5.7%
FICA
22,129
472
2.2%
Hospitalization
26,482
-
0.0%
Life and Disability
174
-
0.0%
Long Term Disability
356
-
0.0%
Dental Insurance
1,682
-
0.0%
Workers Compensation
5,084
90
1.8%
Total
$ 366,865
$ 7,903
2.2%
10
Commodities represent approximately 4% of the total budget.
Other Charges and Services are proposed to decrease by $44,087 (12%) from $233,931 in
2013 to $189,845 in 2014. Other charges and services represent approximately 18.0% of the
budget expenses.
Other Charges and Services
Fiscal Management Fees
Attorney Fees
Bank Charges
Audit
Use of Personal Auto
Advertising
Insurance
Water and Sewer Service
Waste Disposal
Telephone
Postage
Other Contractual
Equipment Repair and Maintenance
Building Repair and Maintenance
Contract Landscaping
Schools and Conferences
Business Meetings/Misc. Expenses
Dues/Subscriptions/Licenses
Snow Removal
Total
2015
2015
Increase/(decrease)
Commodities
Proposed
Total %
Office Supplies
$ 545
$ - 0.0%
Operating Supplies
8,325
- 0.0%
Motor Fuels
500
- 0.0%
Cleaning Supplies
8,000
(1,000) -11.1%
Clothing
2,000
- 0.0%
Equipment Parts
5,000
- 0.0%
Building Repair Supplies
15,000
- 0.0%
Small Tools/Equipment
1,000
- 0.0%
Total
$ 40,370
$ (1,000 -2_4%
Other Charges and Services are proposed to decrease by $44,087 (12%) from $233,931 in
2013 to $189,845 in 2014. Other charges and services represent approximately 18.0% of the
budget expenses.
Other Charges and Services
Fiscal Management Fees
Attorney Fees
Bank Charges
Audit
Use of Personal Auto
Advertising
Insurance
Water and Sewer Service
Waste Disposal
Telephone
Postage
Other Contractual
Equipment Repair and Maintenance
Building Repair and Maintenance
Contract Landscaping
Schools and Conferences
Business Meetings/Misc. Expenses
Dues/Subscriptions/Licenses
Snow Removal
Total
2015
Increase/(decrease)
Proposed
Total
%
$ 32,000
$ -
0.0%
50
-
0.0%
2,820
-
0.0%
4,750
100
2.2%
375
-
0.0%
5,500
-
0.0%
29,930
843
2.9%
12,000
-
0.0%
7,704
224
3.0%
5,357
351
7.0%
340
-
0.0%
21,187
-
0.0%
13,300
-
0.0%
40,416
(20,827)
-34.0%
1,500
-
0.0%
1,500
-
0.0%
200
-
0.0%
4,480
-
0.0%
18,000
3,474
23.9%
$ 201,409
$ (15,835)
-7.3%
11
The budget provides for annual audit services. Use of personal auto is attributed to the staff
traveling between the Ames and Hasse Arenas. Advertising is comprised of flyers, signage
and yellow pages advertising. Insurance premiums for liability, property and casualty
insurance provides coverage for both facilities.
"Other Contractual" ($21,187) includes water treatment services, alarm system monitoring,
water softening, fire extinguisher and sprinkler system testing. "Fiscal Management Fees" is
a $32,000 charge from the City of Lakeville to provide support services such as payroll,
human resources, annual financial reports, periodical financial reports, accounts payable,
Information Technology support and other administrative support functions for the arenas.
Equipment Repair and Maintenance costs for 2014 are projected to be $13,300 in order to
address maintenance requirements at the arenas. Some of the significant projects include
repairs to ice resurfacers ($7,000), dehumidification repairs ($2,500) and replacement dasher
board glass ($1,500). The equipment repair costs are estimated to remain steady at $13,300
for 2015.
Building Repair and Maintenance provides appropriations for maintenance agreements
relating to HVAC, refrigeration and ice painting as well as major maintenance projects. The
costs for 2014 are estimated to be $61,342 in order to address major maintenance
requirements at Ames Arena. Some of the significant projects include radiant heater
repurposing ($3,000), stair tread covers on Ames bleacher steps ($2,500), Ames Arena lobby
painting ($2,000) as well as repairing countertops at Ames Arena ($1,000). The proposed
2015 budget for building repair and maintenance will decrease by $20,827 (34%) as a result
of completing a significant number of major maintenance projects in 2014.
The budget provides for fertilizer and herbicide applications at the two arenas. Lawn
mowing is performed by arena staff.
Schools and Conferences provides for attendance by arena staff at the Minnesota Ice Arena
Managers Workshop & Conference. Dues and subscriptions ($4,480) include the Minnesota
Department of Health food license for the concession stand and music service licenses to
accommodate public skating.
Snow removal contracts ($18,000) are required for the Ames and the Hasse Arena.
Utilities. Utilities are presumed to increase 8% for electrical and 8% for natural gas for the
upcoming year. Actual utility expenses will decrease due to Hasse Arena not operating
during the summer of 2014. Utilities represent 24% of the total budget and are the
predominant reason for increases in ice arena operating costs.
2014 2015 Increase/(decrease)
Utilities Estimate Proposed Total %
Electric Service $ 194,453 $ 209,295 $ 14,841 7.6%
Gas Service 52,105 56,181 4,076 7.8%
Total $ 246,559 $ 265,476 $ 18,917 15.5%
12
Capital Outlay items are included in budget to replace assets; which have exceeded their
useful life. Items include:
Replacement Cash
Register Computers
Total
Increase/(decrease)
2014 2015 Total %
$ 4,000 $ - $ (4,000) -100.0%
$ 4,000 $ - $ (4,000) -100.0%
Debt Service. The Ames Arena was financed with the issuance of debt which is repaid with
LHA pull -tab revenues ($95,000) and arena operations ($88,626). Final payment on the
Ames Arena debt is in August 2019. The LHA pull -tab revenues are pledged to the City for
payment of the debt and therefore not accounted for within the Lakeville Arena budget.
2013 2014 Increase/(decrease)
Estimate Proposed Total %
Debt Service Payments $ 88,626 $ 88,626 $ - 0.0%
The debt service for Hasse Arena is financed by the City of Lakeville and Independent
School District 194. The annual payments ($523,952) are not an obligation of Lakeville
Arenas and therefore not included in the budget.
13
Fund balance
Arena revenues are highly cyclical with revenues exceeding expenditures in the months of
November through April. However, in the months of May through October, expenditures
tend to exceed revenues. Cash balances are at their lowest in October and early November.
As such, it is important that the fund balances at the beginning of the year are adequate to
provide sufficient working capital to sustain operations through the first 10 months of the
year.
The Arena currently has three past due accounts totaling $29,986 that has been deemed
uncollectible. This is revenue from prior years that is being written off as uncollectible in
2014. The Arena has been in contact with some of these accounts and will continue to
pursue collections of these funds.
The proposed budget results in an ending balance of $279,945 for both 2014 and 2015.
Operating Revenues
Ice Rental
Other revenues
Total Revenues
Operating expense
Personnel
Utilities
Contractual
Debt service
Commodities
Capital reserve fund
Other
Capital Outlay
Total
Non-operating expense
Net increase/(decrease)
Fund balance, beginning
2014
2015
Increase/(decrease)
Estimate
Proposed
Total
$ 894,305
$
912,275
$
17,970
2.0%
178,456
177,471
(985)
-0.6%
$ 1,072,761
$
1,089,746
$
16,985
1.6%
$ 358,962
$
366,865
$
7,902.88
2.2%
246,559
265,476
18,917
7.7%
217,244
201,409
(15,835)
-7.3%
88,626
88,626
-
0.0%
41,370
40,370
(1,000)
-2.4%
116,000
119,000
3,000
2.6%
-
8,000
8,000
#DIV/0!
4,000
-
(4,000)
-100.0%
$ 1,072,761
$
1,089,746
$
16,985
1.6%
$ 29,986 $ -
309,931 279,945
279,945 279,945
14
(0)
Capital Reserve Fund
The purpose of the Capital Reserve Fund is to provide a financial framework for replacement
of the arena infrastructure as it ages including but not limited to roofs, dehumidification, and
refrigeration systems.
the tollowing is a summary of the capital Keserve 1,und 13udget.
2014 2015 2016 2017 2018
Revenues
Transfers from Operating Fund $ 116,000 $ 119,000 $130,000 $ 142,000 $ 155,000
Interest on investments 234 350 350 350 350
Total revenues $ 116,234 $ 119,350 $130,350 $ 142,350 $ 155,350
Expenditures
Compressor #3 Replacement
Ice Plant OR Change
Compressor #2 Replacement
Rink #1 Scoreboard Replacement
Ames Arena - RTU #2
Ice Resurfacer Ames #2
Total expenditures
Net increase/(decrease)
Balance January 1
Balance December 31
$ 18,000
$ 5,500
$ 18,500
$ 51,655
2019 2020 2021 2022 2023
Revenues
Transfers from Operating Fund $ 169,000 $ 210,000 $ 229,000 $ 250,000 $ 273,000
Interest on investments 350 350 350 350 350
Total revenues $ 169,350 $ 210,350 $ 229,350 $ 250,350 $ 273,350
Expenditures
Ames Arena - Parking Lot
Ames Arena Ice Plant
Ames Arena - Roof Rink #I
Rink #1 Dehumidification
Rink #3 Dehumidification
Rink #2 Scoreboard
Total expenditures
Net increase/(decrease)
Balance January 1
Balance December 31
$ 154,050
$ 521,909
$ 571,164
$ 334,215
$ 373,325
$ 14,215
$ 154,050 $ 1,093,073 $ 334,215 $ 373,325 $ 14,215
15,300 (882,723) (104,865) (122,975) 259,135
568,473 583,773 (298,950) (403,815) (526,790)
$ 583,773 $ (298,950) $(403,815) $ (526,790) $(267,655)
$
16,962
$
140,916
$ 23,500 $
18,500
$ 51,655 $
- $
157,878
92,734
100,850
78,695
142,350
(2,528)
156,372
249,106
349,956
428,651
571,001
$ 249,106 $
349,956
$428,651 $
571,001 $
568,473
2019 2020 2021 2022 2023
Revenues
Transfers from Operating Fund $ 169,000 $ 210,000 $ 229,000 $ 250,000 $ 273,000
Interest on investments 350 350 350 350 350
Total revenues $ 169,350 $ 210,350 $ 229,350 $ 250,350 $ 273,350
Expenditures
Ames Arena - Parking Lot
Ames Arena Ice Plant
Ames Arena - Roof Rink #I
Rink #1 Dehumidification
Rink #3 Dehumidification
Rink #2 Scoreboard
Total expenditures
Net increase/(decrease)
Balance January 1
Balance December 31
$ 154,050
$ 521,909
$ 571,164
$ 334,215
$ 373,325
$ 14,215
$ 154,050 $ 1,093,073 $ 334,215 $ 373,325 $ 14,215
15,300 (882,723) (104,865) (122,975) 259,135
568,473 583,773 (298,950) (403,815) (526,790)
$ 583,773 $ (298,950) $(403,815) $ (526,790) $(267,655)
Lakeville Arenas
Statement of Revenue and Expense
Operating Revenues
Ice Rental
Dry floor
Learn to Skate
Admissions -Public Skating
Event Admissions(Net of ISD Reimb)
Skate Sharpening
Skate Rental
Concessions and pro shop - net
Vending Machines
Other - Advertising Contract
Other - Miscellaneous
Total Revenues
Expenditures
Salaries and benefits
Salaries - Full Time
Salaries - Part Time
PERA
FICA
Hospitalization
Life and Disability
Long Term Disability
Dental Insurance
Workers Compensation
Total
2013 2014 2015
Actual ESTIMATE PROPOSED
$ 994,215 $
894,305 $
912,275
36,835
33,265
31,040
40,045
40,798
42,720
11,999
13,250
13,250
41,278
34,000
34,000
6,499
5,900
5,900
4,408
4,300
4,300
24,148
20,000
20,000
6,415
6,550
6,550
20,832
19,600
19,600
3,378
793
111
1,190,052
1,072,761
1,089,746
144,487
158,929
161,141
141,695
124,165
128,123
14,819
20,524
21,695
21,472
21,657
22,129
20,504
26,482
26,482
140
174
174
315
356
356
1,255
1,682
1,682
5,823
4,994
5,084
151.111
35R_962
166W
16
Lakeville Arenas
Statement of Revenue and Expense
2013 2014 2015
Actual ESTIMATE PROPOSED
Commodities
Office Supplies
639
545
545
Operating Supplies
8,517
8,325
8,325
Motor Fuels
1,138
500
500
Cleaning Supplies
7,586
9,000
8,000
Clothing
1,511
2,000
2,000
Equipment Parts
2,405
5,000
5,000
Building Repair Supplies
21,601
15,000
15,000
Small Tools/Equipment
549
1,000
1,000
Total
43,946
41,370
40,370
Other Charges and Services
Fiscal Agent fees
32,000
32,000
32,000
Attorney Fees
-
50
50
Bank charges
1,674
2,820
2,820
Audit
4,550
4,650
4,750
Use of Personal Auto
-
375
375
Advertising
5,902
5,500
5,500
Insurance
28,267
29,087
29,930
Water and Sewer Service
13,944
12,000
12,000
Waste Disposal
7,387
7,480
7,704
Telephone
4,871
5,006
5,357
Postage
-
340
340
Other Contractual
21,671
21,187
21,187
Equipment Repair and Maintenance
13,538
13,300
13,300
Building Repair and Maintenance
98,600
61,243
40,416
Contract Landscaping
911
1,500
1,500
Schools and Conferences
781
1,500
1,500
Business Meetings/Misc. Expenses
170
200
200
Dues/Subscriptions/Licenses
4,062
4,480
4,480
Snow Removal
13,530
14,526
18,000
Capital Outlay
19,332
4,000
-
Total
271,190
221,244
201,409
17
Lakeville Arenas
Statement of Revenue and Expense
Utilities
Electric Service
Gas Service
Total
Contingency
Loan payments
Debt Service Payments
Transfer To Capital Reserve Fund
Total expenditures
Net Total Income (Loss)
Uncollectable Accounts
Fund Balance Beginning of Year
Fund Balance End of Year
2013 2014 2015
Actual ESTIMATE PROPO'
217,016 194,453 209,295
58,928 52,105 56,181
275,944 246,559 265,476
- - 8,000
88,626 88,626 88,626
116,000 116,000 119,000
$ 1,147,021 $ 1,072,761 $ 1,089,746
$ 43,031 $ - $ -
$ - $ 29,986 $ -
266,900 309,931 279,945
$ 309,931 $ 279,945 $ 279,945
18