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Finance Committee Agenda and Packet 2020 08 18
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Finance Committee Agenda and Packet 2020 08 18
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9/15/2020 3:07:21 PM
Creation date
8/17/2020 5:51:28 PM
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City Council Records
Meeting Date
8/18/2020
Doc Type
Boards Commissions Committees Records
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Most Likely Case <br />o This scenario represents a 51% decrease in operational revenues. <br />o The 6 year cumulative decrease in revenue compared to 2019 revenues is <br />$5,592,800. ($2,134,283 additional loss compared to "Best Case") <br />• Worst Case <br />o This scenario represents a 58% decrease in operational revenues. <br />o The 6 year cumulative decrease in revenue compared to 2019 revenues is <br />$7,067,995. ($3,609,478 additional loss compared to "Best Case") <br />Next Steps <br />Once a "Most Likely" scenario is determined staff will continue to monitor actual revenue and <br />adjust future revenue projections accordingly. <br />Attachments <br />1. Recreation Center Revenue Assumptions <br />2. Recreation Center Revenue Projections — PROS — 20-26 <br />11 <br />
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