Agenda Packets - 2008/08/04 - Laserfiche WebLink

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DRAFT 07-22-08 312576v1 SJR- 163485 MU205210-435 4 include any scholarships provided to participants by outside individuals, groups or organizations, and any subsidies provided by the City or the YMCA in order to offer any program. 2. All direct expenses of Recreation Programming will be subtracted. Direct expenses will include: a. Salaries and benefits for the staff directly involved in said programs; and b. Supplies, equipment and other costs directly associated with said programs. 3. An administrative charge of 12.5% on all direct expenses will be calculated and subtracted. 4. The remaining balance will be that year’s surplus or deficit. In the event of an annual deficit, the City will fund the first $2,000 of any such deficit in will be 1999 with the remaining deficit being split equally between the City and the YMCA. In the event of an annual surplus in 1999,, such surplus shall be allocated as follows: 1. The first $10,000 shall be paid to the City to assist in funding the Community Center Building and Equipment Replacement Reserve Fund. 2. The next $15,000 shall be paid to the City to offset the City’s cost associated with general programming costs; and 3. Any remaining surplus shall be split equally between the City and the YMCA. However, upon mutual consent by the City and the YMCA, any or all of such remaining surplus can be used to expand recreation programming or other services in subsequent years. In subsequent years, the amounts identified above in the annual deficit and surplus calculations shall be adjusted using the CPI factor identified in Article IV A above. C. Other Services. The City will reimburse the YMCA on a monthly basis for its costs associated with providing the following services: 1. Ice skating supervision. Actual annual reimbursement shall not exceed $10,750__________ in 19992007;