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ATTACHMENT4
<br />Review of the Oval's Financial Performance
<br />Section 2-1994 & 1995 Oval Financial Operations
<br />The following tables summarize the Oval's operations for 1994 and 1995 as compared to the
<br />Feasibility Study's pro-forma.
<br />1994 Revenues
<br />Revenues Pro,jected '94 Actual Difference
<br />Ice rental $ 150,050 $ 93,128 $ (56,922)
<br />Dry floor I��,a7i�t� ?� ��' [.�,� I t���
<br />Skate rental �,�i0[� �, L 9� �,1 !��
<br />Skate sharpening �,�]�� I , ��� ��� 3�
<br />Advertising I (M,�l�� - {l �a��Cl�
<br />Sponsorships 1 �F�� ] I .��� ],+�5�
<br />Concessions .xQ,�OQ ��..� � Cr �� l4$
<br />Pro shop ��,��� �.5 I � { I �,����
<br />Meeting room 5.0�� - (�,����
<br />Admissions ? 3� ���
<br />Commissions I .��� ], � 9 �
<br />Miscellaneous 635 635
<br />Total Revenues $242,050 $160,229 � (81,821)
<br />1994 Expenditures
<br />Expenditures Pro,jected '94 Actual Difference
<br />Salaries & wages $70,000 $ 150,895 $ 80,895
<br />Benefits I R,�i�l;] � I �,I�{i�}j
<br />Insurance .� ,+�i1�U 3 _��� � a , 5�1r��
<br />Maintenance �,�4D �,�L� .�,� I i
<br />Supplies � ���U �� 8,� 8�� {5 �,�t���
<br />Administration � ��{� ��_GSfr �0,�;��r
<br />Marketing .;;�O�p �,9U5 1,��i5
<br />Pro shop [ [�,�0� � {.,'�U'� � 5, 7�i7
<br />Concessions � ���[N1 ]�,C�00 -
<br />Utilities :��}������� 9�,'��� ��, ���
<br />Training L,?�3 1,?��
<br />Depreciation - ? U L,3�13 ''�] I , ��]�
<br />Interest on loan - �rF,S�� � F: ��a�
<br />Interest exvense - ��?,5 5 r �#��; 5���
<br />Miscellaneous 2,000 25,"70'7 23,29'T
<br />Total Expenditures $167,000 $829,738 $662,738
<br />Net from operations �75,050 (669,509) (594,459)
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