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APPENDIX C2c--Operational Expenses City Managed Model
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<br />A B G H I J K L M
<br />Year Zero*Year 1 Year 2 Year 3 Year 4 Year 5 CommentsCategory
<br />ISG Projections
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<br />248
<br />249
<br />250
<br />251
<br />252
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<br />254
<br />255
<br />256
<br />257
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<br />260
<br />261
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<br />263
<br />264
<br />265
<br />266
<br />267
<br />268
<br />269
<br />270
<br />271
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<br />273
<br />274
<br />275
<br />276
<br />277
<br />278
<br />279
<br />280
<br />281
<br />Legal Fees 5,000 5,000 5,000 5,000 5,000 Budgeted retainer.
<br />GENERAL OFFICE SUBTOTAL 11,500 88,411 107,184 110,708 114,356 118,206
<br />Insurance
<br />Insurance:5,000 10,000 10,300 10,609 10,927 11,255
<br />Insurance: Property
<br />Insurance: Liability
<br />Insurance: Other
<br />INSURANCE SUBTOTAL 5,000 10,000 10,300 10,609 10,927 11,255
<br />Miscellaneous
<br />Other Expenses
<br />Expense Contingency 2,500 10,000 7,500 5,000 5,000 5,000 Contingency decreases as history provides better budgeting
<br />info.
<br />MISCELLANEOUS SUBTOTAL 2,500 10,000 7,500 5,000 5,000 5,000
<br />TOTAL-OPERATING EXPENSES 515,905 1,859,962 1,952,592 2,035,846 2,120,662 2,221,809
<br />GROSS OPERATING EXPENSES-Additional Support long term capital replacement, maintenance, and
<br />growth. Target is $440,000 by Year 10 and $1,000,000 by
<br />Year 20.
<br />Facility Reserve How do you want to show or account for this.
<br />Initial Funding of Reserve
<br />Annual Reserve Replacement
<br />Funding
<br />-$ -$ 60,000$ 70,000$ 80,000$ 82,400$ Capital Replacement and Maintenance Reserve Fund. See
<br />cumulative calculations in P & L Statement. After Year 3
<br />reserve increases by 3% annually.
<br />City Charge Backs (Administrative Overhead)
<br />City Support/Admin Charge Backs 150,000 157,500 165,375 173,644 182,326 The share of City Overhead charged to Rec Center.
<br />Increasing 5%/year per City.
<br />Additional Gross Operating Expenses 0 150,000 217,500 235,375 253,644 264,726
<br />TOTAL GROSS EXPENSES 515,905 2,009,962 2,170,092 2,271,221 2,374,306 2,486,535
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