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Cost <br />Recovery <br />Pyramid <br />HIGHLY INDIVIDUAL <br />Benefit <br />MOSTLY INDIVIDUAL <br />Benefit <br />INDIVIDUAL / Community <br />Benefit <br />COMMUNITY 1 Individual <br />® Benefit <br />oy 5\ <br />4 � <br />Fitness (see Fitness page) <br />• With more dedicated fitness space, opportunities exist for not only drop in fitness (FitZone), but <br />for specialty (contractual) fitness classes. Other opportunities exist for such programs as Fitness <br />on Demand. <br />• Fit Zone is calculated at 50 weeks /year. <br />• Fitness instructor rates are calculated at $21 /hour. <br />• Fitness contracts are calculated at 30% gross revenue retained (70% to instructor). <br />Programs <br />Additional program revenue for seniors, youth and adults may be realized but was not included in this <br />expansion scenario. <br />Rentals (including birthday party packages) <br />Proposed increases in rental and party rates are recommended for consideration but were not included <br />in this expansion scenario. <br />Budget Overview <br />An overview of expenditures, revenues, and cost recovery for the existing center and proposed <br />expansion can be found on the Line Item Detail, Pro -forma and Full Budget Analysis pages. <br />D. Projected Five Year Pro -forma <br />A projected Five Year Pro -forma will be provided using an estimated annual expenditure increase of 3% <br />and incremental fee adjustments, once the details are completed. <br />E. Financial Analysis and Potential Funding Sources <br />Operations are typically offset by fees and charges, but generally include some level of subsidy from the <br />agency's general fund. In order to assist with predicting a level of subsidy, GreenPlay traditionally <br />recommends a cost recovery model. This information is summarized here with further details provided <br />in Appendix B. <br />Conceptually, the Pyramid Methodology creates an overall <br />philosophy and approach for resource allocation, program <br />pricing, and cost recovery evaluation. Programs are <br />evaluated based on their overall benefit to the individual or <br />community, and priced for subsidy or cost recovery <br />appropriately, as shown. <br />Other sources that help offset subsidies include: <br />Grants <br />• Conservation Trust Fund <br />• Great Outdoors Colorado (GOCO) <br />• Land and Water Conservation Fund <br />• Private Foundations <br />21 <br />22 <br />COMMUNITY <br />Benefit <br />2001 GleenPlay, LLC <br />