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October 18, 1999 <br />To: Steve Sarkozy <br />City Manager <br />From: Ed Burrell <br />Fi=ce Director <br />renewal of Midway Speedskating Club" s Class A Premisos Permit <br />The Midway Spee6kating Club has applied for a renewal of their Class A Premises Pe rm it at tie .rights of <br />Columbus Hall. Below is a summary of Midway's fmi anci al operas ion for 1 998 an most of 1 9991 <br />Cgmm ents <br />Neither our financial review or the Police inspections has indicated vie presence of any concerns. <br />Staff is therefore recommending renewal of M idway S peedskating Guh's Class A premises permit at the K nights of <br />Columbus Mall. <br />19 <br />1499 <br />Anti ual <br />Thru Sept <br />Prev Year CwFy -over <br />$].72,08 <br />S 102,294.73 <br />Total. Revenue <br />$1. 12,18 7 8. 00 <br />51.3 03,E 1 <br />Less Prizes <br />1 e 0 <br />4-3 53 0 0 <br />Net Proceeds <br />4 28,431.00 <br />360,2 74.30 <br />Disbursements <br />Taxes <br />51,116 7.00 <br />33 <br />Inventory Used <br />29 <br />21,6$9.09 <br />Compensation <br />17 1 4,929,GO <br />33,224.50 <br />Accounting <br />2,$90.00 <br />636,96 <br />Advertising <br />1 <br />80 -4.50 <br />Rent <br />36,300.00 <br />60,"72S. <br />Bond, Insurance <br />3 <br />4,086.00 <br />Cash Short <br />1,631.00 <br />Misc. Expenses <br />3.031.00 <br />7.327.44 <br />Taal Expenses <br />294,356.00 <br />213 <br />Profit Before Donations <br />23 ,075,01I <br />I46,613,84 <br />ContrihutionsWedcrat and City Taxes <br />9 <br />2&41.4.9j <br />Net Profit <br />S(164 <br />S ($3,801,09) <br />Balance Carry -Over Beginning of Year <br />122, 2.085�62 <br />$102 <br />Balance Carry -over End of Year <br />5162,294.73 <br />518,493.64 <br />Cgmm ents <br />Neither our financial review or the Police inspections has indicated vie presence of any concerns. <br />Staff is therefore recommending renewal of M idway S peedskating Guh's Class A premises permit at the K nights of <br />Columbus Mall. <br />