99-1201` ORIGINAL
Presented By:
Referred To:
Committee: Date
aG
a WHEREAS, the RiverCentre Authority (RCA) pursuant to Laws of Minnesota 1969, Chapter 1138, requires the Authority to submit an
a annual budget to the Mayor and Clty Council, and
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WHEREAS, the City may modify the budget the RCA has adopted for each year only with respect to those amounts proposed to be
financed with General Fund revenues of the City, and
WHEREAS, the RCA has adopted a budget at its' November 24, 1999 meeting subject to the approval oF the City Council, and
WHEREAS, the RCA has submitted a balanced budget and the Mayor, pursuant to sec. 10.02 of the ci[y charter, does recommend the
adoption of the submitted budget, now
BE IT RESOLVED, that pursuant to the provisions of Laws of Minnesota 1969, the RCA budget for the fiscai year beginning January 1,
2000 as adopted by the RiverCent�e Authority is hereby approved.
Adoption C rtified by Council Secretary: �
By: � n ....�.�
Approved by Mayor: Date �� f��
-� i
By:
RESOLUTION
�AINT PAUL, MINNESOTA
Requested by Department of:
Fi�ancial Se�vices Office
BY
Council File # qq •�a.b `
Green Sheet# 103128
Adopted by Council: Date � \S ��`��
�
Approval Recommended by Budget Directot:
g � YY� ��
°�_
��
OEPAATME:IT/OFFICE/COUNLIL DAISMITIATED _l R �, �t
FinancialServicesOffice 10-21-99 GREEN SHEET NO. 103128
CpNtACTPER$ON&PHONE a DEPARTMENTOIRECTOR �5 QTYCOIINQL
Joe Reid 266 - 8545 � a'n' "rmwu�r Q c�n a.�rs�
MU5lBEtlNCOUNQLAGENDABY(DATE) �3 FMAIJQN-SEROFF.D11t a6 FW.SEROFF.ACCfG.
December 15, 1999 Qa Mwrox�ortassrsr Q
TOTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE)
nrnox rsEQUes��
Approve the Sain[ Paul RivecCenhe Authority proposed budget.
RECOMMENDATIONS: Appmve(A)mRryeU(R) PERSONAL SERViCE COY7RACTS MUST ANSK'ER THE FOLLOWING QlJESTIO�iS:
PLA�W.IYGLObAfIST10N QVILSERViCECOMAll5510N l.Nazthicptrsov/fli[1leverworkCdWdttacovUBC[foYtLisdCPa[�rtltv[?
QBCObLNITfEE _ YES NO
w_SruF(Caeot'uy8ova) _ 2.Fluthispe[soNfumeverbemacityemployee?
DISiRICi'COURZ _ YES NO
sueeoz'rs wH�cx Cotmac oBhCm'e� 3. Does this persoNfirm possess a skill notnonnally possessed by any curtent city employa?
YES NO
(Explain all yes answers on separate shee[ and a[tach to green SLeeL)
INIiIAIING PROBLEM, ISSUE, OPPORlLNITY (Who. u'hat H'�. �R. �Y)"
The Ciry has�the responsibility to approve the RiverCentre Authoriry budge[ for the year 2000.
AOVANTAGESIPAPPROVED:
The RiverCentre Authority will have an approved plan for spending and financing.
DiSADVANTAGESIEAPPROVED.
None
Di5A0VANTAGE50PNdtAPPAO�ED
The City will not have complied with Laws of Minnesota 1969, Chapter 1138.
TOiALAM1IOi!NTOPTRANSACROM1 N/A COS1'/REVENUEBWGEiED(CLLtCL60NEJ VES NO
PUNDINGSOORCE AC1lVIIV AUNHEA 9V1J - M XXX �XXXX
FLNANCf AL l�.'EQItMAtlON: (EXPLA[N)
SaiM Paul BYtlBet Olflce m:W5ER51BU0GETlt231ResolutlolareslRVrcntre00.WK4), xx��a-�v
/.
�'� _ J
Z...i
12/09/99 09:37 FA% 651 265 4899 RIVERCEN172E �1002
RIVERCEM'RE �� aO 1
' ' 2000 OPERATING BUDGET �� t
1999 1999 1998 1997
2000 Rolli�g Approved SeGion
Adonted F re gudaet R�UjI� $€�.IdIS Reference
Eventincome and Expense
Atea Rentals S �,725,049 $ 1,074,8A9 $ 1,370,773 $ 1,�88,969 $ 758.347 A
Service Income 7,454,895 7,248,038 '1,436,437 1,341,490 1,753,486 A
Box Office Inwme 114,556 '127,469 103,44i 108,437 i53,73Q A
Total Event fncome 2.794,502 2,450,356 2,912,651 2.638,896 2,065.563
Tofal Event Fxpense (4.827,596) (7,596,514) (1,794,679) ('1,766,997) (1,807,064) A
Net Event Ineome 966,9�6 853,842 1.1'17.972 871,899 256,499
Ancilfary I�come
Food & Beverage
Novelties
Faciliry Fees
Parking
Total Ancillary lncome
67'1,267 487,239 653,869 1,152,263 923,758
54,372 45,29'I 35,526 65,70D 67,872
� 67,265 69,7a4 45,045 3�2,573 397,423
7,010,440 836,096 992,032 806,930 864,160
1,603,344 7,438,330 '1.726,472 2,327,466 2,252,553
B
B
8
B
Topl Event Income
Otner Operating Ineome
Parking
Adverfising
Sponsorships
In•Kind or Ouldoor Marquee
Interest
Oifice Space Rent
Mscellaneous
Totd1 Other Income
Adjusted Gross Income
Indirect Eupenses
DepartmentExpenses
FxeCUtive
Marketing
Finance
Operations
Box Office
Overhead
Parking Ramp
Total DeparimeM Expense Before ANocation
Expenses Allocated to Evenls
Net Indirect Expense
Opeca<ing Cash Flow BeFOre
Debt Service, Onedime Charges
2,T70,250 2292,172 2.644.444 3,199.365 2,511,052
1,430,805 1,234,438 1,337,8Q3 1,291,686 1,368,096
36,000 39.679 36,000 69,070 709,538
333,500 276,250 283,500 11,0�0 -
40,000 5'f2,565 140,000 7,500 30,000
120,000 597,866 120,000 203,783 175,891
137,687 81,661 8t,687 48,044 75,300
76,912 108,357 125,438 '142,187 113,226
2,16E,904 2,050,842 2.924,428 1,773,270 1,812,651
4,939.t54 4,343,014 4,968,87Z 4,972,574 4,323,103
253,736 240,898 306,965 290.696 264,404
464,476 512,046 517,928 496,560 344,682
184,005 762,098 162,346 "145,668 934,152
2,501,776 2,233.156 2,571,461 2,407,518 2,145,079
169,268 160,Ot6 161.235 179,247 228,346
1,576,748 1,625,639 1,622,392 '1,439,941 1,025,474
951,836 883,209 916,661 994.160 988,779
6,101,786 5,857,062 6,'f98,985 5,954,090 5,�30,9'I6
(1,827,596) (7,596,514) (1,794,674) (1,766,997) (1,507,064)
4274,190 4,220,548 4,404,309 4,187,093 3,323,852
664,964 722,466 564,563 785,481 999,251
Less TI 8ontl Debf Svce 66U.000 660,000 660,000 660,000 660,000
Less Ped. ConnectioNCiry EmAloyee Pkg 42,030 - 28,000 83,961
Less Equipment Lease (lydetest) 121,974 128,125 231,457
TotalDe6t5ervice 824,U04 788,125 891,457 688,000 743,967
Less Rebcation a`W Settlement Fxpenses 55,004 (23,641) 25,000 318,097 196,000
NHL Expenses 194,022
TotalOne-timeCharges 55,000 (23,841) 25,O�D 318,097 390,022
Oper.lacome Without Nnn-Cash ltems $ (214,Q39) $ (641,818) $ (351,894) $ (220 ,616) $ (13 4, 7 32)
Non-cash items
Write-off uf the remaining book value of Arena Assets 3,6D9,460
Depreciation 504,204 546,186 396,46'I 529,Q57 564,386
Net Operating Income �LOSS)
$ (718.243) $ (7,'188,004) $ (748,355) $ (4,359,733) $ (699,718)
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Section A 200D ADOPTED BUDGE7.xls ROLLING FOREGAST Page 1 of 1 12/9/i 999 636 AM
` ORIGINAL
Presented By:
Referred To:
Committee: Date
aG
a WHEREAS, the RiverCentre Authority (RCA) pursuant to Laws of Minnesota 1969, Chapter 1138, requires the Authority to submit an
a annual budget to the Mayor and Clty Council, and
5
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13
14
15
16
n
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zo
za
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23
2a
2s
26
27
28
29
33
34
35
36
37
�
39
40
41
42
43
WHEREAS, the City may modify the budget the RCA has adopted for each year only with respect to those amounts proposed to be
financed with General Fund revenues of the City, and
WHEREAS, the RCA has adopted a budget at its' November 24, 1999 meeting subject to the approval oF the City Council, and
WHEREAS, the RCA has submitted a balanced budget and the Mayor, pursuant to sec. 10.02 of the ci[y charter, does recommend the
adoption of the submitted budget, now
BE IT RESOLVED, that pursuant to the provisions of Laws of Minnesota 1969, the RCA budget for the fiscai year beginning January 1,
2000 as adopted by the RiverCent�e Authority is hereby approved.
Adoption C rtified by Council Secretary: �
By: � n ....�.�
Approved by Mayor: Date �� f��
-� i
By:
RESOLUTION
�AINT PAUL, MINNESOTA
Requested by Department of:
Fi�ancial Se�vices Office
BY
Council File # qq •�a.b `
Green Sheet# 103128
Adopted by Council: Date � \S ��`��
�
Approval Recommended by Budget Directot:
g � YY� ��
°�_
��
OEPAATME:IT/OFFICE/COUNLIL DAISMITIATED _l R �, �t
FinancialServicesOffice 10-21-99 GREEN SHEET NO. 103128
CpNtACTPER$ON&PHONE a DEPARTMENTOIRECTOR �5 QTYCOIINQL
Joe Reid 266 - 8545 � a'n' "rmwu�r Q c�n a.�rs�
MU5lBEtlNCOUNQLAGENDABY(DATE) �3 FMAIJQN-SEROFF.D11t a6 FW.SEROFF.ACCfG.
December 15, 1999 Qa Mwrox�ortassrsr Q
TOTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE)
nrnox rsEQUes��
Approve the Sain[ Paul RivecCenhe Authority proposed budget.
RECOMMENDATIONS: Appmve(A)mRryeU(R) PERSONAL SERViCE COY7RACTS MUST ANSK'ER THE FOLLOWING QlJESTIO�iS:
PLA�W.IYGLObAfIST10N QVILSERViCECOMAll5510N l.Nazthicptrsov/fli[1leverworkCdWdttacovUBC[foYtLisdCPa[�rtltv[?
QBCObLNITfEE _ YES NO
w_SruF(Caeot'uy8ova) _ 2.Fluthispe[soNfumeverbemacityemployee?
DISiRICi'COURZ _ YES NO
sueeoz'rs wH�cx Cotmac oBhCm'e� 3. Does this persoNfirm possess a skill notnonnally possessed by any curtent city employa?
YES NO
(Explain all yes answers on separate shee[ and a[tach to green SLeeL)
INIiIAIING PROBLEM, ISSUE, OPPORlLNITY (Who. u'hat H'�. �R. �Y)"
The Ciry has�the responsibility to approve the RiverCentre Authoriry budge[ for the year 2000.
AOVANTAGESIPAPPROVED:
The RiverCentre Authority will have an approved plan for spending and financing.
DiSADVANTAGESIEAPPROVED.
None
Di5A0VANTAGE50PNdtAPPAO�ED
The City will not have complied with Laws of Minnesota 1969, Chapter 1138.
TOiALAM1IOi!NTOPTRANSACROM1 N/A COS1'/REVENUEBWGEiED(CLLtCL60NEJ VES NO
PUNDINGSOORCE AC1lVIIV AUNHEA 9V1J - M XXX �XXXX
FLNANCf AL l�.'EQItMAtlON: (EXPLA[N)
SaiM Paul BYtlBet Olflce m:W5ER51BU0GETlt231ResolutlolareslRVrcntre00.WK4), xx��a-�v
/.
�'� _ J
Z...i
12/09/99 09:37 FA% 651 265 4899 RIVERCEN172E �1002
RIVERCEM'RE �� aO 1
' ' 2000 OPERATING BUDGET �� t
1999 1999 1998 1997
2000 Rolli�g Approved SeGion
Adonted F re gudaet R�UjI� $€�.IdIS Reference
Eventincome and Expense
Atea Rentals S �,725,049 $ 1,074,8A9 $ 1,370,773 $ 1,�88,969 $ 758.347 A
Service Income 7,454,895 7,248,038 '1,436,437 1,341,490 1,753,486 A
Box Office Inwme 114,556 '127,469 103,44i 108,437 i53,73Q A
Total Event fncome 2.794,502 2,450,356 2,912,651 2.638,896 2,065.563
Tofal Event Fxpense (4.827,596) (7,596,514) (1,794,679) ('1,766,997) (1,807,064) A
Net Event Ineome 966,9�6 853,842 1.1'17.972 871,899 256,499
Ancilfary I�come
Food & Beverage
Novelties
Faciliry Fees
Parking
Total Ancillary lncome
67'1,267 487,239 653,869 1,152,263 923,758
54,372 45,29'I 35,526 65,70D 67,872
� 67,265 69,7a4 45,045 3�2,573 397,423
7,010,440 836,096 992,032 806,930 864,160
1,603,344 7,438,330 '1.726,472 2,327,466 2,252,553
B
B
8
B
Topl Event Income
Otner Operating Ineome
Parking
Adverfising
Sponsorships
In•Kind or Ouldoor Marquee
Interest
Oifice Space Rent
Mscellaneous
Totd1 Other Income
Adjusted Gross Income
Indirect Eupenses
DepartmentExpenses
FxeCUtive
Marketing
Finance
Operations
Box Office
Overhead
Parking Ramp
Total DeparimeM Expense Before ANocation
Expenses Allocated to Evenls
Net Indirect Expense
Opeca<ing Cash Flow BeFOre
Debt Service, Onedime Charges
2,T70,250 2292,172 2.644.444 3,199.365 2,511,052
1,430,805 1,234,438 1,337,8Q3 1,291,686 1,368,096
36,000 39.679 36,000 69,070 709,538
333,500 276,250 283,500 11,0�0 -
40,000 5'f2,565 140,000 7,500 30,000
120,000 597,866 120,000 203,783 175,891
137,687 81,661 8t,687 48,044 75,300
76,912 108,357 125,438 '142,187 113,226
2,16E,904 2,050,842 2.924,428 1,773,270 1,812,651
4,939.t54 4,343,014 4,968,87Z 4,972,574 4,323,103
253,736 240,898 306,965 290.696 264,404
464,476 512,046 517,928 496,560 344,682
184,005 762,098 162,346 "145,668 934,152
2,501,776 2,233.156 2,571,461 2,407,518 2,145,079
169,268 160,Ot6 161.235 179,247 228,346
1,576,748 1,625,639 1,622,392 '1,439,941 1,025,474
951,836 883,209 916,661 994.160 988,779
6,101,786 5,857,062 6,'f98,985 5,954,090 5,�30,9'I6
(1,827,596) (7,596,514) (1,794,674) (1,766,997) (1,507,064)
4274,190 4,220,548 4,404,309 4,187,093 3,323,852
664,964 722,466 564,563 785,481 999,251
Less TI 8ontl Debf Svce 66U.000 660,000 660,000 660,000 660,000
Less Ped. ConnectioNCiry EmAloyee Pkg 42,030 - 28,000 83,961
Less Equipment Lease (lydetest) 121,974 128,125 231,457
TotalDe6t5ervice 824,U04 788,125 891,457 688,000 743,967
Less Rebcation a`W Settlement Fxpenses 55,004 (23,641) 25,000 318,097 196,000
NHL Expenses 194,022
TotalOne-timeCharges 55,000 (23,841) 25,O�D 318,097 390,022
Oper.lacome Without Nnn-Cash ltems $ (214,Q39) $ (641,818) $ (351,894) $ (220 ,616) $ (13 4, 7 32)
Non-cash items
Write-off uf the remaining book value of Arena Assets 3,6D9,460
Depreciation 504,204 546,186 396,46'I 529,Q57 564,386
Net Operating Income �LOSS)
$ (718.243) $ (7,'188,004) $ (748,355) $ (4,359,733) $ (699,718)
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Section A 200D ADOPTED BUDGE7.xls ROLLING FOREGAST Page 1 of 1 12/9/i 999 636 AM
` ORIGINAL
Presented By:
Referred To:
Committee: Date
aG
a WHEREAS, the RiverCentre Authority (RCA) pursuant to Laws of Minnesota 1969, Chapter 1138, requires the Authority to submit an
a annual budget to the Mayor and Clty Council, and
5
io
ti
ia
13
14
15
16
n
�a
is
zo
za
�
23
2a
2s
26
27
28
29
33
34
35
36
37
�
39
40
41
42
43
WHEREAS, the City may modify the budget the RCA has adopted for each year only with respect to those amounts proposed to be
financed with General Fund revenues of the City, and
WHEREAS, the RCA has adopted a budget at its' November 24, 1999 meeting subject to the approval oF the City Council, and
WHEREAS, the RCA has submitted a balanced budget and the Mayor, pursuant to sec. 10.02 of the ci[y charter, does recommend the
adoption of the submitted budget, now
BE IT RESOLVED, that pursuant to the provisions of Laws of Minnesota 1969, the RCA budget for the fiscai year beginning January 1,
2000 as adopted by the RiverCent�e Authority is hereby approved.
Adoption C rtified by Council Secretary: �
By: � n ....�.�
Approved by Mayor: Date �� f��
-� i
By:
RESOLUTION
�AINT PAUL, MINNESOTA
Requested by Department of:
Fi�ancial Se�vices Office
BY
Council File # qq •�a.b `
Green Sheet# 103128
Adopted by Council: Date � \S ��`��
�
Approval Recommended by Budget Directot:
g � YY� ��
°�_
��
OEPAATME:IT/OFFICE/COUNLIL DAISMITIATED _l R �, �t
FinancialServicesOffice 10-21-99 GREEN SHEET NO. 103128
CpNtACTPER$ON&PHONE a DEPARTMENTOIRECTOR �5 QTYCOIINQL
Joe Reid 266 - 8545 � a'n' "rmwu�r Q c�n a.�rs�
MU5lBEtlNCOUNQLAGENDABY(DATE) �3 FMAIJQN-SEROFF.D11t a6 FW.SEROFF.ACCfG.
December 15, 1999 Qa Mwrox�ortassrsr Q
TOTAL # OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE)
nrnox rsEQUes��
Approve the Sain[ Paul RivecCenhe Authority proposed budget.
RECOMMENDATIONS: Appmve(A)mRryeU(R) PERSONAL SERViCE COY7RACTS MUST ANSK'ER THE FOLLOWING QlJESTIO�iS:
PLA�W.IYGLObAfIST10N QVILSERViCECOMAll5510N l.Nazthicptrsov/fli[1leverworkCdWdttacovUBC[foYtLisdCPa[�rtltv[?
QBCObLNITfEE _ YES NO
w_SruF(Caeot'uy8ova) _ 2.Fluthispe[soNfumeverbemacityemployee?
DISiRICi'COURZ _ YES NO
sueeoz'rs wH�cx Cotmac oBhCm'e� 3. Does this persoNfirm possess a skill notnonnally possessed by any curtent city employa?
YES NO
(Explain all yes answers on separate shee[ and a[tach to green SLeeL)
INIiIAIING PROBLEM, ISSUE, OPPORlLNITY (Who. u'hat H'�. �R. �Y)"
The Ciry has�the responsibility to approve the RiverCentre Authoriry budge[ for the year 2000.
AOVANTAGESIPAPPROVED:
The RiverCentre Authority will have an approved plan for spending and financing.
DiSADVANTAGESIEAPPROVED.
None
Di5A0VANTAGE50PNdtAPPAO�ED
The City will not have complied with Laws of Minnesota 1969, Chapter 1138.
TOiALAM1IOi!NTOPTRANSACROM1 N/A COS1'/REVENUEBWGEiED(CLLtCL60NEJ VES NO
PUNDINGSOORCE AC1lVIIV AUNHEA 9V1J - M XXX �XXXX
FLNANCf AL l�.'EQItMAtlON: (EXPLA[N)
SaiM Paul BYtlBet Olflce m:W5ER51BU0GETlt231ResolutlolareslRVrcntre00.WK4), xx��a-�v
/.
�'� _ J
Z...i
12/09/99 09:37 FA% 651 265 4899 RIVERCEN172E �1002
RIVERCEM'RE �� aO 1
' ' 2000 OPERATING BUDGET �� t
1999 1999 1998 1997
2000 Rolli�g Approved SeGion
Adonted F re gudaet R�UjI� $€�.IdIS Reference
Eventincome and Expense
Atea Rentals S �,725,049 $ 1,074,8A9 $ 1,370,773 $ 1,�88,969 $ 758.347 A
Service Income 7,454,895 7,248,038 '1,436,437 1,341,490 1,753,486 A
Box Office Inwme 114,556 '127,469 103,44i 108,437 i53,73Q A
Total Event fncome 2.794,502 2,450,356 2,912,651 2.638,896 2,065.563
Tofal Event Fxpense (4.827,596) (7,596,514) (1,794,679) ('1,766,997) (1,807,064) A
Net Event Ineome 966,9�6 853,842 1.1'17.972 871,899 256,499
Ancilfary I�come
Food & Beverage
Novelties
Faciliry Fees
Parking
Total Ancillary lncome
67'1,267 487,239 653,869 1,152,263 923,758
54,372 45,29'I 35,526 65,70D 67,872
� 67,265 69,7a4 45,045 3�2,573 397,423
7,010,440 836,096 992,032 806,930 864,160
1,603,344 7,438,330 '1.726,472 2,327,466 2,252,553
B
B
8
B
Topl Event Income
Otner Operating Ineome
Parking
Adverfising
Sponsorships
In•Kind or Ouldoor Marquee
Interest
Oifice Space Rent
Mscellaneous
Totd1 Other Income
Adjusted Gross Income
Indirect Eupenses
DepartmentExpenses
FxeCUtive
Marketing
Finance
Operations
Box Office
Overhead
Parking Ramp
Total DeparimeM Expense Before ANocation
Expenses Allocated to Evenls
Net Indirect Expense
Opeca<ing Cash Flow BeFOre
Debt Service, Onedime Charges
2,T70,250 2292,172 2.644.444 3,199.365 2,511,052
1,430,805 1,234,438 1,337,8Q3 1,291,686 1,368,096
36,000 39.679 36,000 69,070 709,538
333,500 276,250 283,500 11,0�0 -
40,000 5'f2,565 140,000 7,500 30,000
120,000 597,866 120,000 203,783 175,891
137,687 81,661 8t,687 48,044 75,300
76,912 108,357 125,438 '142,187 113,226
2,16E,904 2,050,842 2.924,428 1,773,270 1,812,651
4,939.t54 4,343,014 4,968,87Z 4,972,574 4,323,103
253,736 240,898 306,965 290.696 264,404
464,476 512,046 517,928 496,560 344,682
184,005 762,098 162,346 "145,668 934,152
2,501,776 2,233.156 2,571,461 2,407,518 2,145,079
169,268 160,Ot6 161.235 179,247 228,346
1,576,748 1,625,639 1,622,392 '1,439,941 1,025,474
951,836 883,209 916,661 994.160 988,779
6,101,786 5,857,062 6,'f98,985 5,954,090 5,�30,9'I6
(1,827,596) (7,596,514) (1,794,674) (1,766,997) (1,507,064)
4274,190 4,220,548 4,404,309 4,187,093 3,323,852
664,964 722,466 564,563 785,481 999,251
Less TI 8ontl Debf Svce 66U.000 660,000 660,000 660,000 660,000
Less Ped. ConnectioNCiry EmAloyee Pkg 42,030 - 28,000 83,961
Less Equipment Lease (lydetest) 121,974 128,125 231,457
TotalDe6t5ervice 824,U04 788,125 891,457 688,000 743,967
Less Rebcation a`W Settlement Fxpenses 55,004 (23,641) 25,000 318,097 196,000
NHL Expenses 194,022
TotalOne-timeCharges 55,000 (23,841) 25,O�D 318,097 390,022
Oper.lacome Without Nnn-Cash ltems $ (214,Q39) $ (641,818) $ (351,894) $ (220 ,616) $ (13 4, 7 32)
Non-cash items
Write-off uf the remaining book value of Arena Assets 3,6D9,460
Depreciation 504,204 546,186 396,46'I 529,Q57 564,386
Net Operating Income �LOSS)
$ (718.243) $ (7,'188,004) $ (748,355) $ (4,359,733) $ (699,718)
C
C
C
C
C
C
C
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E
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G
H
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Section A 200D ADOPTED BUDGE7.xls ROLLING FOREGAST Page 1 of 1 12/9/i 999 636 AM