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HomeMy WebLinkAbout2024.09.17 PPFD Doc B Dist at Mtg by M MorrissettePasco PFD - numbers.xls �Z,- o t wrb PASCO PUBLIC FACILITIES DISTRICT Mark Morrissette 09-17-2024 Blue Sarings, MO Lynnwood, WA 08-18-2024 08-30-2024 1.) Revenue increase frequency & percentage increase? Pass increase every 2 years. Room rental every other year. Class every year. Membership units - single person, family, couple, etc. Membership units prior to opening = 2,000. Over 2,800 by 08-18-24. 2.) What is the key number budget driver for: - Revenues? Membership, day pass, summer season pass, concessions, and rentals Personnel, utilities City covers costs beyond projected revenues. (68%) - Costs? Personnel is largest cost, second utilities. Combined approximately third of operating costs. 3.) Budgeting: Enterprise fund accounting. Any profits are added to a reserve account to cover long term maintenance & equipment needs. (Recover costs primarily through user charges.) Bottom up. Provide to City cost to operate. (32% of costs covered by revenue.) - Top -down. - Bottom -up? 4.) Looking back before opening: - What estimated cost (before opening) / (compared to actual cost !(after opening) surprised management? _ Personnel costs higher than expected. Preventative maintenance contracts to extend life of slides, pools / equipment. Electrical repairs / maintenance. 5.) How has budgeting process changed over the years. Going forward - intend to use prior actual numbers to determine current budget numbers. Four "department managers" prepare estimated costs to operate their department. Overhead estimated by department Director Page 1 of 1