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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 />1�!M�4 l��+�eiiu��
<br />Revenues Projected '94 Actual Difference
<br />Ice rental $ 150 O50 $ 93,128 $(56922�
<br />I?r�� floor L��,�a�� r,59± i:._i��8]
<br />Skate rental �,0�� �a I 98 i.J��
<br />Skate sharpening �,fl���- -�9�,l�F`� �3��-
<br />Advertising : �.O�M� - (! �.O�tr]
<br />Sponsorships �. �_�C�I] I.� ,[���� �,�14 �I
<br />Concessions ��7.0�� 3 �,�5�] �, ] �lf�
<br />Pro shop .'.r,�, O��k �, 5�� [ 1�,� �i6�
<br />Meeting room 5,�7[� - �!��fi�(F�
<br />Admissions - �� �{ � � ��
<br />Commissions _ 1,5'�' � 5`��
<br />Miscellaneous 635 635
<br />Total Revenues $242,050 $160,229 $ (81,821)
<br />1994 Expenditures
<br />Expenditures Projected '94 Actual Difference
<br />Salaries 8z. wages $ 70,000 $ 150,895 $ 80,895
<br />Benefits 18,000 - (18,000)
<br />Insurance 5,000 3,500 (I,500}
<br />Maintenance 4,000 7,915 3,915
<br />Supplies 3,000 (48,489) (51,489)
<br />Administration 4,000 24,656 20,656
<br />Marketing 3,000 4,905 1,905
<br />Pro shop 10,000 25,707 15,707
<br />Concessions 12,000 12,000 _
<br />Utilities 36,000 90,768 54,768
<br />Training 1,223 1,223
<br />Depreciation - 201,303 201,303
<br />Interest on loan _ 67,500 67,500
<br />Interest expense - 262,557 262,557
<br />Miscellaneous 2,000 25,707 23,297
<br />Total Expenditures $167,000 $829,738 $662,738
<br />Net from operations $75,050 (669,509) (594,459)
<br />= ��
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