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Washington State Horse Park
<br />Income Statement excluding Capital Projects
<br />2013 2014 2015 2016 2017
<br />Actual Actual Actual Est. Actual Budget
<br />Income:
<br />Volunteerism
<br />Contributions
<br />Grants
<br />Operating Revenue
<br />Total Income
<br />Expenses:
<br />Inkind Services
<br />Staffing Expenses
<br />Facilities and Equipment
<br />Administration*
<br />Marketing
<br />Business Exp - taxes, lic.
<br />Professional Fees
<br />Travel, Meetings, Other
<br />Total Expenses
<br />n/a
<br />n/a
<br />$ 58,785
<br />$
<br />136,000
<br />$ 150,000
<br />$ 105,890
<br />$
<br />98,780
<br />$104,542
<br />$
<br />158,000
<br />$ 175,000
<br />$ 20,000
<br />$
<br />20,000
<br />$ 20,000
<br />$
<br />20,000
<br />$ 30,000
<br />$ 190,192
<br />$
<br />254,688
<br />$ 283,300
<br />$
<br />316,000
<br />$ 345,000
<br />$ 316,082
<br />$
<br />373,468
<br />$466,627
<br />$
<br />630,000
<br />$ 700,000
<br />n/a
<br />n/a
<br />$ 58,785
<br />$
<br />136,000
<br />$ 150,000
<br />$ 126,592
<br />$
<br />152,730
<br />$ 153,000
<br />$
<br />168,000
<br />$ 185,000
<br />$ 127,224
<br />$
<br />181,103
<br />$ 203,118
<br />$
<br />225,000
<br />$ 245,000
<br />*
<br />$
<br />6,968
<br />$ 8,324
<br />$
<br />9,000
<br />$ 10,000
<br />$ 21,805
<br />$
<br />23,267
<br />$ 23,168
<br />$
<br />25,000
<br />$ 35,000
<br />$ 6,963
<br />$
<br />8,739
<br />$ 12,840
<br />$
<br />14,000
<br />$ 17,500
<br />$ 5,135
<br />$
<br />1,945
<br />$ 11,058
<br />$
<br />15,000
<br />$ 17,500
<br />$ 6,343
<br />$
<br />6,811
<br />$ 7,455
<br />$
<br />5,000
<br />$ 10,000
<br />$ 294,062
<br />$
<br />381,563
<br />$477,748
<br />$
<br />597,000
<br />$ 670,000
<br />Net Income $ 22,020 $ (8,095) $ (11,121) $ 33,000 $ 30,000
<br />*marketing and administrative expenses combined in 2013
<br />As a non-profit our goal is to break even on the bottom line while at the same time providing
<br />an affordable experience and value to our customers. We constantly invest in providing Park
<br />users and other visitors with a first-class experience in keeping with our mission. We are very
<br />aware that at this early stage of the Park's development we will not be able to generate
<br />sufficient operating revenues to cover all our expenses until we are able to fill out our
<br />calendar, especially with more activities of a large size. We remain disciplined about
<br />controlling expenses and focused on continuing to raise supplemental funds from private
<br />individuals, business sponsors and the public sector. Our plans for 2017 are to stay the
<br />course of progressive growth, and to hope that a significant portion of our Marketing
<br />activities that fuel our growth again will be funded by the Lodge Tax grant we're requesting
<br />of $20,000.
<br />9. Previous Lodging Tax funding for Marketing and Promotions:
<br />Yes.
<br />Lodging Tax Funds for marketing and promotional activities have been received as follows:
<br />2011 2012 2013 2014 2015 2016
<br />Kittitas County $42,200 $20,000 $17,500
<br />City of Cle Elum $10,000
<br />Total Lodging Funds $42,000 $20,000 $27,500 $20,000 $20,000 $20,000
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