HomeMy WebLinkAbout07/10/2018 12 Lions Pool Five Year Revenue and Expenditures Projection ReportITEM TITLE:
SUBMITTED BY:
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDASTATEMENT
1
Item No. 12.
For Meeting of: July 10, 2018
Five year revenue and expenditures projection report for Lions
Pool
Scott Schafer, Director of Public Works
Ken Wilkinson, Parks & Recreation Manager- 576-6416
SUMMARY EXPLANATION:
See attached.
ITEM BUDGETED:
STRATEGIC PRIORITY:
APPROVED FOR
SUBMITTAL:
City Manager
STAFF RECOMMENDATION:
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description
memo
Upload Date
713/2018
NA
NA
Type
Coer Memo
City of Yakima - Lion's Pool
Expenditures & Revenue History and Projection Report
Expenditures
Description
2014
Actual
2015
Actual
2016
Actual
* 2017
Actual
2018
YTD
* 2018
Projected
* 2019
Projected
* 2020
Projected
2021
Projected
2022
Projected
2023
Projected
Staff Wages /
Benefits
$267,833
$254,303
$252,814
$323,412
$113,519
$340,557
$354,758
4.17 %
$382,074
7.7 %
$385,894
1 %
$389,752
1 %
$393,649
1
Operating Costs
$154,955
$142,353
$117,488
$163,979
$54,695
$131,268
$135 206
3%
$139,262
3%
$143,439
3%
$147,742
3%
$152,174
3%
Total
Expenditures
$422,788
$396,656
$370,302
$487,391
$168,214
$471,825
$489,964
$521,336
$529,333
$537,494
$545,823
Revenue
Description
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
YTD
2018
Projected
# 2019
Projected
6%
# 2020
Projected
2%
# 2021
Projected
2%
# 2022
Projected
2%
# 2023
Projected
2%
Swim Lessons
$32,105
$34,395
$27,339
$22,677
$17,175
$37,785
$40,052
$40,853
$41,670
$42,503
$43,353
Swim Passes
$52,120
$50,604
$53,541
$58,755
$28,809
$63,380
$67,183
$68,527
$69,898
$71,296
$72,722
Pool Rentals
$29,781
$12,596
$24,877
$25,299
$8,253
$18,157
$19,246
$19,631
$20,024
$20,424
$20,832
Lap Swim / Rec
Swim
$22,306
$49,715
$21,446
$20,490
$11,757
$25,865
$27,417
$27,965
$28,524
$29,094
$29,676
Misc. Revenue
$6,347
$401
$1,570
$22,319
$12,093
$26,605
$28,201
$28,765
$29,340
$29,927
$30,525
Total Revenue
$142,659
$147,711
$128,773
$149,540
$78,087
$171,792
$182,099
$185,741
$189,456
$193,244
$197,108
Park Operational Costs per Year - Revenue Less Expenditures
Description
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
YTD
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
Total Expenses
$422,788
$396,656
$370,302
$487,391
$168,214
$471,825
$489,964
$521,336
$529,333
$537,494
$545,823
Total Revenue
$142,659
$147,711
$128,773
$149,540
$78,087
$171,792
$182,099
$185,741
$189,456
$193,244
$197,108
Total Operating
Cost
$280,129
$248,945
$241,529
$337,851
$90,127
$300,033
$307,865
$335,595
$339,877
$344,250
$348,715
Projected expenditures and revenues are based on 2018 year to date -January through May
Projected revenue for 2018 is based on 11 months of operation because Lions Pool is closed for 3 weeks in August for maintenance
Operating costs are projected at a 3% increase per year
* - Significant increase in wages and benefits are due to the increases in minimum wage from $9.47 to $11.00 in 2017, $11.50 in 2018, $12.00 in 2019. $13.00 in 2020
# - A proposed fee increase for park and recreation programs will be presented for the 2019 Parks and Recreation budget