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3. Long-term Maintenance Ptan <br />A comprehensive operating budget was devetoped in 2022by Bal.tard-King & Associates, a <br />nationatty recognized firm speciatizing in the ptanning and operations of aquatic and recreation <br />centers. The budget was created in cottaboration with the Project Committee and reftects <br />conservative, experience-based assumptions. The summarized operating budget is betow, and a <br />mul.ti-tab spreadsheet with detaits and assumptions is avaitable upon request. <br />Because it is common for pubtic recreation facilities-particutarly those with aquatics <br />components-to operate at a deficit, the summary begins with projected expenses. The ratio of <br />projected revenues to expenses is expressed as the recovery percentage, representing the share <br />of operating costs expected to be offset by user-generated revenue. The projected recovery rate <br />atigns with simitar ruraI facil.ities and is expected to improve over time as poputation and usage <br />increase. <br />Annua I Operating Expenses: <br />Salaries and Wages <br />Utitities <br />Capitat replacement fund <br />Contract services <br />lnsurance <br />Chemicals <br />Maintenance and repair materiats <br />Janitoriat, recreation, and office suppties <br />Advertising <br />Credit card fees (75o/o of tees x 3.50lo) <br />Other <br />TotaI AnnuaI Operating Expenses, <br />lnctuding Capitat Reptacement Fund <br />Annual Revenues: <br />Membership and admission fees <br />Aquatic rentats and facitity rentals <br />Aquatic programs (e.g., swim lessons) <br />GeneraI fitness programs (e.g., exercise ctasses) <br />Other <br />TotaI AnnuaI Revenues <br />Difference <br />Recovery <br />$1,526,319 <br />193,600 <br />55,000 <br />47,OOO <br />37,000 <br />35,000 <br />20,000 <br />48,000 <br />20,000 <br />26,536 <br />54,749 <br />$2,063,204 <br />615,054 <br />77,000 <br />56,706 <br />218,619 <br />43,500 <br />$1,010,879 <br />($1,052,325) <br />49o/o <br />14