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06-07-2021 Council Work Session Packet
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06-07-2021 Council Work Session Packet
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11/4/2021 10:53:20 AM
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11/4/2021 9:07:39 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/07/2021
Council Meeting Type
Work Session Regular
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Long Term Accrued Deficit <br />33 <br />Cumulative Opening/Operational <br />Deficit City Managed Hybrid Model Variance <br />Year Zero $516,000 $437,000 $79,000 <br />Year 1 $886,000 $560,000 $326,000 <br />Year 5 $607,000 $227,000 $380,000 <br />Cumulative Opening/Operational <br />Deficit (with City Admin.Allocation)City Managed Hybrid Model Variance <br />*Year Zero (Includes Start-Up Costs)$516,000 $437,000 $79,000 <br />Year 1 $1,036,000 $710,000 $326,000 <br />Year 5 $1,436,000 $1,055,000 $381,000 <br />•Hybrid reduces start up expenses <br />•Hybrid model accelerates start up with current membership <br />•Hybrid has greater potential upside for growth <br />•After Year 5 annual operating deficits continue to reduce slightly from $80,000 <br />down
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