Finance Committee Agenda and Packet 2018 05 15 JT WITH REC

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Louisville Recreation & Senior Center Expansion Estimated expenses and projected revenues are based on a basic understanding of the conceptual project and the best information available regarding no guarantee that the estimates and projections will be met as there are many variables that cannot be accurately determined during this conceptual design and implementation process. The estimated number of participants is based on current program offerings or similar venues and does not guarantee the market area and proposed practices of the District Then planning stage, and/or are subject to change during the actin the availability of participants to meet projected revenu Assumptions: 7 Day/Wk Operations Facility Hours - M -R: Facility Hours - FRI: Facility Hours - SAT: Facility Hours - SUN: Total Spaces: Support Spaces, Gym, Weight, Fitness, FitZoneStudio, Leisure Pool, Party Room Wet Classrooms - Hours 61.0 I 13.25 11 10 95.25 Personnel: Supplies: Services: Capital: Sdol e Full Facility Target: _dm 5:45a -9p 60% 5:45a -7p 7a -6p 10% 8a -6p 30% 5% Total Estimate Notes or Questions to be answered Facility Size Personnel Services current 57,400 expansion 50,000 $200,044 $168,135 $75,756 Estimated gross square footages Full-time salaries. Part-time salaries Benefits Subtotal Personnel Services 0443,935 Target 60% overall timate li Estimate $10,500 $29,000 $0 $0 Materials and Supplies Office/Uniforms Aquatics -Recreation Program. Supplies/Chemicals Building Maintenance Supplies Custodial Supplies Subtotal Operational Services Notes Formula Low Estimate $39,500 Estimate Target 10% overall Notes or Questions to be answered cost/yr. of a = $10,000 $3,500 $1,500 $37,000 $223,280 $6. Contracted Services (bank card, Maintenance, Custodial services) Rec General Expenses (advertising, telephone, equipment rental)' $3.25/sqft per space, plus $5.25/sqft space estimate is based typical Recreation $.13/sqft year for non -aquatics for aquatics on actual Center/sqft Rec Facility Maintenance (trash, building and ground maintenance) Rec Equipment Maintenance (computer. office op & maint) Utilities - gas & electric water & sewer 30,390 Aquatics sqft 19,610 Non -aquatics (fitness and other) 50,000 Total expansion Property and Liability Insurance Subtotal Services $281,780 Target 30% overall Noies Capital $304,564 5% total of expansion; additional 3% infrastructure 2% equipment replacement for current Buildings & Improvements Machinery & Equipment Additional R & R Subtotal Capita l 3304,564 GRAND TOTAL EXPENDITURES $1,069,779 Revenues: Admission Formula Formula Formula Low Estimat-: .. stimate Notes or Questions to be answ Monthly Pass/Punch Card Revenue 65% $92,755 See Admissions Tab for Details See Admissions Tab for Details Notes or Questions to be answered Daily Drop In Revenue Sub Total - Admissions 35%1 $50,820 $143,575 Proarams/Operations Formula Formula Formula EI; o. 0'$100,625 $86,680 $0 See Fitness RevlExp Tab for See Aquatics Rev/Exp Tab for Fee increase will generate more; Details Details not included Additional Fitness Additional Aquatics Lessons/Program Facility Rentals (includes parties) GRAND TOTAL REVENUE $330,880 Surplus/(Deficit) ($738,899) High Estimate GRAND TOTAL SURPLUS/(DEFICIT) ($738,899) facility tax subsidy amount PROJECTED COST RECOVERY 31% total collected through fees, charges 8 alt. funds