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HomeMy WebLinkAbout2024.08.27 Handout Q&A Related to Tour at Blue Springs, MO$/a 1114 � ;srt oit NIP) to"q V 9 Matt Questions: Revenue/admission increase frequency/percentage increase. (I imagine you haven't had to do that yet, but do you have a plan a or a guess)? From a membership standpoint- Membership units increased from around 2,000 units prior to opening to over 2,800 units today. A "unit" could be a single person, a family of 5, a couple, etc. We count each membership as a "unit". From a daypass standpoint- through the end of June. we had sold almost 6,000 daypasses since opening day flay 24. The year prior in that same tirneframe we sold about 2.500 daypasses What are the key budget drivers revenues? Ivey revenue drivers for us are memberships, daypasses, summer season passes, concessions, and rentals Costs? Biggest cost drivers so far have been personnel and utilities(water and electric mostly) Is your budgeting top -down, bottom -up, or other? This particular facility is set up as an Enterprise fund. Any revenue over expenses goes into a reserve account to address long term tic maintenance and equipment needs. Prior to adding the aqua we would generate anywhere f cility to the existing Fieldhouse, a ... from $100k-$200k annually to put into the reserve account. The original Fieldhouse is over 20 years old so there are some 24 maintenance needs that we have had to address with HVA , roofing issues, etc. Looking back before opening: How did estimated costs - -a- 4.fmun hpt Looking back before opening: How did estimated costs compare to actual costs? I think our personnel costs have been higher than expected and that's something we need to keep an eye on. There were a lot of unknowns going into it. I think the revenues have actually been stronger than anticipated. Any big surprises? We are going to be entering into some preventative maintenance contracts to extend the life of our slides. hvac units, pools. etc and that will be a very large expense but one 1 that we consider worth it to extend the life of things as long as possible. How has the budgeting process changed over the years (again .... new. ..any anticipation a year out)? Since this is our first year of aquatics operations, we will be able to fine tune our numbers a lot easier next year in the budgeting process. We'll be able to adjust both our revenues and expenditures to more accurately reflect the operations Pasco Aquatics Facility Validation Report hht :// oc.pasco-wa.gov/WebLink]DocView.aspx . Pasco PFD - numbers.xls IPASCO PUBLIC FACILITIES DISTRICT I I I I 1 1 07-22-24 1 Location: Name: Date: 1.) Revenue increase frequency & percentage increase? Nhat is the key number budget driver for: - Revenues? - Costs? 3.) Budgeting: Top -down? 4.) 1 LooKing bacK netore opening: - What estimated cost (before opening) / compared to actual cost (after opening) surprised management? 5.) How has budgeting process changed over the vears? Page 1 of 1