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B. Recreation Programming. <br /> At the end of each calendar year under this Agreement, the annual surplus or deficit from <br /> all recreation programming will be calculated as follows: <br /> 1. All revenues from Recreation Programming will be calculated. Revenues will <br /> include any scholarships provided to participants by outside individuals, groups or <br /> organizations, and any subsidies provided by the City or the YMCA in order to <br /> offer any program. <br /> 2. All direct expenses of Recreation Programming will be subtracted. Direct <br /> expenses will include: <br /> a. Salaries and benefits for the staff directly involved in said programs; and <br /> b. Supplies, equipment and other costs directly associated with said <br /> programs. <br /> 3. An administrative charge of 12.5% on all direct expenses will be calculated and <br /> subtracted. <br /> 4. The remaining balance will be that year's surplus or deficit. <br /> In the event of an annual deficit, the deficit will be split equally between the City and the <br /> YMCA. In the event of an annual surplus, such surplus shall be allocated as follows: <br /> 1. The first $25,000 shall be paid to the City to offset the City's costs associated <br /> with the management of the Rec Center and to assist with capital expenditures, <br /> such as flooring, furniture, HVAC systems, the roof, and other similar items at the <br /> Community Center. <br /> 2. Any remaining surplus shall be split equally between the City and the YMCA. <br /> However, upon mutual consent by the City and the YMCA, any or all of such <br /> remaining surplus can be used to expand recreation programming or other <br /> services in subsequent years. <br /> C. Other Services. <br /> The City will reimburse the YMCA on a quarterly basis for its costs associated with <br /> providing the following services: <br /> 1. Ice skating supervision. Actual seasonal reimbursement shall not exceed $10,000 <br /> in 2015. Reimbursements in subsequent years may increase by the CPI as <br /> provided for in Article IV A. <br /> 2. Event Center staff. Actual annual reimbursement for part-time event center staff <br /> shall not exceed 10% of event center revenues. <br /> 4 <br />