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