HomeMy WebLinkAbout04/12/2016 03 Status of Yakima Valley Trolley SystemBUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDASTATEMENT
Item No. 3.
For Meeting of: April 12, 2016
ITEM TITLE: Status of Yakima Valley Trolley System
SUBMITTED BY: Sean Hawkins, Economic Development Manager, 575-6274
SUMMARY EXPLANATION:
The attached documents, for the April 12, 2016, Study Session with the Yakima City Council, City
staff and the Yakima Valley Trolleys, are intended to provide Council and the public a view of the
current status of the Yakima Valley Trolley System. The system is owned by the City of Yakima
and is operated by the non-profit organization Yakima Valley Trolleys. The documents include a
memo overview of the current status of the Yakima Valley Trolley System, an estimate prepared
by Yakima Valley Trolleys of restoration costs for the Yakima to Selah line, Income Statements for
the last three years from Yakima Valley Trolleys, a statement of repairs performed by the City of
Yakima Streets Department from 2015-2016 and a Pro Forma estimate for a fully operating
trolley system.
ITEM BUDGETED:
STRATEGIC PRIORITY: Economic Development
APPROVED FOR SUBMITTAL s` Interim City Manager
STAFF RECOMMENDATION:
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description Upload Date
0 Mem- Status of Yakima Valley Trolleys 4/6/2016
0 Estimated Repairs by Street Department 2014-2016 4/6/2016
Type
Cor Memo
Co\er Memo
D Yakima Valley Trdley Income Statements 2013-2015 4/6/2016 Coker Memo
O Yakima to Selah Line Restoration Cost Estimate 4/6/2016 Cover Memo
D Yakima Valley Trolley Pro Forma Statement 2016 and 4;6/2016 Cover Memo
Beyond
Memorandum
To: Yakima City Council
Interim City Manager, Jeff Cutter
From: Sean Hawkins, Economic Development Manager
Date: April 3, 2016
Subject: Status of Yakima Valley Trolleys
The Trolley Today
The time may have arrived to decide the fate of the last remaining section of the Yakima Valley
Trolley system. While there is general community support for the nostalgic and historical
attraction of the Yakima Valley Trolley system, the remaining trolley infrastructure is
deteriorating so quickly that a decision must be made to either invest in its upgrade or close
down the system.
Since 1956, there have been no extensive track upgrades made to the Yakima to Selah line, the
only section of track remaining from the original Yakima Valley Transportation Company
system. Trolley Car 1776, the main car used today for tours, has had no major repairs or
upgrades made to its electric engine system since 1976. Additionally, 6th Avenue from Chestnut
Avenue to its northern terminus is in poor shape in part due to the presence of the trolley tracks
running down its center and poses liability issues for the City related to damage to vehicles and
challenges for businesses who use the road for their operations. Washington Fruit, Quanex and
Stewart Subaru are three business who have shared concerns with City officials about doing
business along that section of 6th Avenue given its poor condition.
The Yakima City Council assisted with some of the maintenance backlog of the Yakima to Selah
trolley line by including a $100,000 repair line item in the 2014 City of Yakima budget. As a
result of that investment, restroom repair, HVAC upgrades and paint work have taken place in
both the Trolley Barn and the museum. The largest improvement, at a cost of $83,000, will be
paving the Trolley Barn/museum parking lot and installing new lighting, both of which will be
completed this spring. These improvements will exhaust the $100,000 included in the 2014 City
Council budget.
It is very important to note that we would not be discussing the trolley system today without the
longtime City partnership with Yakima Valley Trolleys. This volunteer group has given
thousands of hours to keep the trolley system alive in the City of Yakima.
Potential Revenue from Yakima Valley Trolleys
The largest challenge for the trolley system is that normal operations do not produce enough
revenue from rider fees to pay off any potential debt that would have to be incurred in order to
upgrade trolley infrastructure. Were a decision made to invest resources in order to refurbish the
trolley system, it would require a full understanding that the trolley system would become a loss
leader for the City. This means that the benefit of having a trolley system in the future in Yakima
could produce other benefits for the community, such as tourism, community pride,
neighborhood revitalization and historic preservation, but would not generate revenue sufficient
to retire any debt issued to fund refurbishment efforts.
Attached to this memo are income statements prepared by Yakima Valley Trolleys for the years
2013-2015. While there were operating challenges in each of those years (Davis High School
construction, for example), the organization generated between $20,000 and $22,000 in
revenue. In each of those years, trolley service was interrupted to Selah and resulted in lower
than expected revenues.
Also attached is a pro forma prepared by Yakima Valley Trolleys regarding annual operations,
which is based on a fully operating line between Yakima and Selah. The projected $39,000 in
annual operating income assumes annual ridership of 2,300 people throughout a 26 -week
operating season with admission fees set at $12 for adults and $8 for children. Additional
revenue could also be generated by hosting trolley charters for groups and conducting private
parties in the Trolley Barn. The Yakima Valley Trolley board estimates charters and private
parties could add $6,000 in annual income. While the board is considering adding $18,000 in
annual expenses to pay the salary of a part-time executive director, the attached pro forma
assumes that all staff labor would be provided on a volunteer basis at no cost.
Expense to Replace and Update Trolley Line to Selah and Repair Train Cars
As previously noted, the only remaining section of track left in the Yakima Valley Trolley system
is the line that links Yakima to Selah through Selah Gap. The section of that line that needs to
be improved runs 21,000 feet, or nearly four miles in length. Cost estimates to improve that
section of track have been prepared by Yakima Valley Trolleys board members, but have not
been verified either independently or by City of Yakima engineering staff. If requested by the
City Council, the City of Yakima engineering staff could prepare a comprehensive cost estimate
regarding replacing the trolley line and repairing two trolley cars. Additionally, City of Yakima
engineering staff could prepare a prioritization of repair needs schedule for consideration by the
City Council if directed to do so.
Yakima Valley Trolleys estimates the cost to repair the entire Selah line at $7,800,402. This
would include brand new track infrastructure and a rebuild of the overhead contact system.
Construction work and materials specified for infrastructure improvements would result in a
railroad line capable of reliable weekly, and possibly daily, operation with regular light
maintenance.
While repairing the track is a major need, without restoring the two trolley cars, Yakima Valley
Trolleys could find itself in a situation of having no cars to run the tracks. Yakima Valley Trolleys
is recommending a complete restoration of Car 1776 at an estimated cost of $750,000,
including new motors, a new compressor, electrical work, metal underframe refurbishment, new
wheels and refurbished wood car body. Additionally, Car 1976 is in need of partial restoration at
an estimated cost of $300,000. The work needed for Car 1976 includes repair of underframe
motors, compressor repair, electrical work, and complete restoration of the car's seats.
The estimated cost to complete all necessary repairs to the Yakima to Selah line and to the two
trolley cars is $8,850,402.
LOCATION
EST+s'-‘•
6e/`+ E RAL_ iFv N n
TYPE OF WORK,
6th Ave and Yakima Ave North Saw cut , asphalt removal
vactor truck to remove ballast
rails resecured, ballast replaced
re -pave.
6th Ave_ and Yakima Ave South Saw cut , asphalt removal,
6th Ave and River road
vactor truck to remove ballast
rails resecured, ballast replaced
re -pave.
Saw cut asphalt removal,
vactor truck to remove ballast
rails resecured, ballast replaced
re -pave,
6th Ave and Fruitvale Blvd Saw cut asphalt removal,
6th Ave various spots
vactor truck to remove ballast
rails resecured, ballast replaced
re- ave.
Guide rail removal, traffic control
torch cut or grind rail or remove
3rd and 4th ave and Pine Asphlat patching
6th Ave
Pot hole patching between track
and around track
Over head line repair
Traffic control
6th Ave to River road Track cleaning street sweeper
Pine street 3rd Ave to 6th Ave Track cleaning street sweeper
AIRS 2oi -- 2o�6
Quantity, ESTIMATED COST
1
1
1
5
1
$3,010.17
Total
$3,010.17
$3,010.17
$3,010.17
$3,010.17
$3,010:17
$3,010.17
$3,010.17
$1,200.00
On goin0 4 man 0 23.36 hr
3
$1,200.00
4 hrs $373.76
Patch trk $58.00 hr Ca? 4 hrs $232.00
Material $56.00 ton $56.00
Monthly
$661.76
X 5 months $3,308.80
X 3 years $9,926.40
4 man @ 23.36 hr @ 4 hrs $373.76
Flag`trk $58.00 hr @ 4 hrs $232.00
$605.76
6 Water Truck $50.00 @ 4 hrs $1,200.00
6 Vac @ $95.00 4hrs $2,280.00
$7,000.00
$1,200.00
$9, 926.40
$1, 817.76
$1,200.00
$2,280.00
$35,464.84
Yakima Valley Trolleys
Income Statement
For the Twelve Months Ending December 31, 2015
Current Month Current Month
This Year Last Year
Year to Date
ThisYear
Page: 1
Year to Date
Last Year
Revenues
Museum Sales Revenue Po, 565.48 $ 615.22 $ 2,336.48 $ 2,479.90
Non -Taxable Sales -Water 0.00 4.00 37.00 50.00
Vending Machine Revenue 0.00 0.00 0.00 8.00
Vending Machine Revenue 0.00 0.00 82.00 0.00
Trolley Rides Revenue 1,367.00 6,114.74 7,576.00 12,666.74
Charter Trolley Revenue 0.00 (9.00) 1,560.00 2,766.00
Event Revenue 0.00 0.00 200.00 538.37
Donations Revenue 672.00 175.35 9,572.06 1,567.61
Endowment Donations 0.00 0.00 0.00 0.00
Revenue -Trolley Advertising 0.00 0.00 0.00 413.76
Membership Dues Revenue 25.00 50.00 1,075.00 1,623.00
Interest Income 82.84 115.65 404.09 459.31
Miscellanous Revenue 0.00 0.00 140.00 0.00
Total Revenues
Cost of Sales
Total Cost of Sales
Gross Profit
Expenses
Museum Gift Shop Merchandise
Museum Operating Supplies
Vending Machine Products
Trolley Repair & Maint
Event Expenses
Other Trolley Operations Exp
Fund Raiser Event Expenses
Truck & Equip. Maint.
Track & ROW Maint
Bldg & Yard Maint
Electricity Exp
Natural Gas Expense
Water & Sewer Exp
Trash Disposal Exp
P. 0. Box Rental
Postage & Shipping
Office & Admin Exp
Gov't Fees/Licenses
Publicity & Marketing
Dues and Memberships
Grant & Govt Funding Expenses
Insurance Expense480
Legal Fees
Accounting/Audit Fees
Bank Service Chg
Cash Register (Over) Under
Credit Card Discount Fees
Fageol Twin Coach
Total Expenses
Net Income
2,712.32 7,065.96
0.00 0.00
2,712.32
22,982.63 22,572.69
0.00 0.00
7,065.96 22,982.63
22,572.69
462.69 0.00 1,995.36 899.90
10.41 62.08 135.57 147.45
0.00 0.00 39.20 38.41
0.00 0.00 759.52 0.00
84.80 243.09 133.89 418.32
0.00 0.00 83.85 134.00
0.00 0.00 0.00 3.24
1,092.58 0.00 3,653.94 1,051.94
0.00 0.00 487.97 476.43
309.34 0.00 514.74 114.99
192.19 195.65 2,775.14 2,184.80
10.60 63.18 541.09 63.18
143.56 0.00 975.62 579.30
10.56 0.00 31.56 36.00
0.00 0.00 62.00 60.00
0.00 0.00 0.00 56.35
92.96 102.08 600.43 498.36
0.00 0.00 10.00 10.00
213.84 10.82 10,790.50 9,403.93
0.00 0.00 530.00 250.00
0.00 0.00 0.00 59.74
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 350.00 0.00
0.00 0.00 0.00 0.00
(39.08) (28.89) (390.98) (36.22)
21.47 105.95 374.43 645.65
(1,859.50) 0.00 0.00 0.00
746.42 753.96 24,453.83 17,095.77
1,965.90 $ 6,312.00 $ (1,471.20) $
For Management Purposes Only
5,476.92
Revenues
Museum Sales Revenue
Non -Taxable Sales -Water
Vending Machine Revenue
Trolley Rides Revenue
Charter Trolley Revenue
Event Revenue
Donations Revenue
Endowment Donations
Revenue -Trolley Advertising
Membership Dues Revenue
Interest Income
Total Revenues
Cost of Sales
Total Cost of Sales
Gross Profit
Yakima Valley Trolleys
Income Statement
For the Twelve Months Ending December 31, 2014
Current Month
This Year
Page: 1
Current Month Year to Date Year to Date
Last Year This Year Last Year
* 615.22 $ 255.43 $ 2,479.90 $ 1,718.42
4.00 0.00 50.00 7.50
0.00 0.00 8.00 0.00
6,114.74 1,706.00 12,666.74 12,987.00
(9.00) 0.00 2,766.00 528.00
0.00 0.00 538.37 770.00
175.35 100.78 1,567.61 682.23
0.00 0.00 0.00 1,916.50
0.00 0.00 413.76 0.00
50.00 50.00 1,623.00 1,275.00
115.65 461.66 459.31 466.05
7,065.96 2,573.87 22,572.69 20,350.70
0.00 0.00 0.00 0.00
7,065.96 2,573.87 22,572.69 20,350.70
Expenses
Museum Gift Shop Merchandise 0.00 811.70 899.90 1,190.07
Museum Operating Supplies 62.08 11.84 147.45 171.66
Vending Machine Products 0.00 0.00 38.41 0.00
Trolley Repair & Maint 0.00 0.00 0.00 115.55
Event Expenses 243.09 113.36 418.32 221.04
Other Trolley Operations Exp 0.00 48.48 134.00 1,421.72
Fund Raiser Event Expenses 0.00 0.00 3.24 378.91
Truck & Equip. Maint. 0.00 0.00 1,051.94 1,058.84
Track & ROW Maint 0.00 0.00 476.43 0.00
Bldg & Yard Maint 0.00 10.26 114.99 1,011.38
Electricity Exp 195.65 159.27 2,184.80 1,813.65
Natural Gas Expense 63.18 0.00 63.18 0.00
Water & Sewer Exp 0.00 129.39 579.30 344.78
Trash Disposal Exp 0.00 8.32 36.00 36.69
P. 0. Box Rental 0.00 0.00 60.00 58.00
Postage & Shipping 0.00 9.20 56.35 9.20
Office & Admin Exp 102.08 0.00 498.36 207.46
Gov't Fees/Licenses 0.00 0.00 10.00 0.00
Publicity & Marketing 10.82 3,400.20 9,403.93 10,069.11
Dues and Memberships 0.00 0.00 250.00 0.00
Grant & Govt Funding Expenses 0.00 72.92 59.74 72.92
Insurance Expense480 0.00 0.00 0.00 0.00
Legal Fees 0.00 0.00 0.00 1,052.50
Bank Service Chg 0.00 0.00 0.00 0.00
Cash Register (Over) Under (28.89) (40.77) (36.22) (40.77)
Credit Card Discount Fees 105.95 118.95 645.65 234.01
Total Expenses 753.96 4,853.12 17,095.77 19,426.72
Net Income
6,312.00 (2,279.25) $ 5,476.92 $ 923.98
For Management Purposes Only
Yakima Valley Trolleys
Income Statement
For the Twelve Months Ending December 31, 2013
* Current Month Year to Date
Revenues
Museum Sales Revenue $ 255A3 9.92 $ 1,718A2 8A4
Non -Taxable Saks -Water 0.00 0.00 7.50 0.04
Trolley Rides Revenue 1,706.00 66.28 12,987.00 63.82
Charter Trolley Revenue 0.00 0.00 528.00 2.59
Event Revenue 0.00 0.00 770.00 3.78
Donations Revenue 100.78 3.92 682.23 3.35
Endowment Donations 0.00 0.00 1,916.50 9.42
Membership Dues Revenue 50.00 1.94 1,275.00 6.27
Interest Income 461.66 17.94 466.05 2.29
Total Revenues
Cost of Sales
Total Cost of Sales
Gross Profit
Expenses
Museum Gift Shop Merchandise
Museum Operating Supplies
Trolley Repair & Maint
Event Expenses
Other Trolley Operations Exp
Fund Raiser Event Expenses
Truck & Equip. Maint
Track & ROW Maint
Bldg & Yard Maint
Electricity Exp
Water & Sewer,Exp
Trash Disposal Exp
P. 0. Box Rental
Postage & Shipping
Office & Admin Exp
Publicity & Marketing
Grant & Govt Funding Expenses
Insurance Expense480
Legal Fees
Bank Service Chg
Cash Register (Over) Under
Credit Card Discount Fees
Total Expenses
2,573.87 100.00 20,350.70 100.00
0.00 0.00 0.00 0.00
2,573.87 100.00
0
811.70 31.54
11.84 0.46
0.00 0.00
113.36 4.40
48.48 1.88
0.00 0.00
0.00 0.00
0.00 0.00
10.26 0.40
159.27 6.19
129.39 5.03
8.32 0.32
0.00 0.00
9.20 0.36
0.00 0.00
3,400.20 132.10
72.92 2.83
0.00 (100
0.00 0.00
0.00
(40:77) (1 .18)
118.95 4.62
4,853.12
20,350.70 100.00
1,190.07 5.85
171.66 0.84
115.55 0.57
221.04 1.09
1,421.72 6.99
378.91 1.86
1,058.84 5.20
• 0.00 0.00
1,011.38 4.97
1,813.65 8.91
344.78 1.69
36.69 0.18
58.00 0.29
9.20 0.05
207.46 1.02
10,069.11 49.48
72.92 0.36
0.00 0.00
1,052.50 5.17
0.00 0.00
(40.77) ' (0.20)
234.01 1.15
188.55 19,426.72 95.46
Net Income (2,279.25) (88.55) $
923.98 4.54
Page: 1
YVT Selah Line Restoration
Proposed Assumptions: Total length of line to be restored 21,000 feet (3.97 miles)
This is the "DO IT RIGHT THE FIRST TIME" option.
1. Construction work and materials specified for infrastructure improvements will result in a railroad line that is capable of reliable weekly
and up to daily operation with regular light maintenance and a useable, trouble free lifespan of 50 years, including all heavy cross -traffic
intersections. This will reflect the quality of original 1913 construction and subsequent rebuilds performed by YVT and Union Pacific and
will not require any extraordinary capital expense unless an unforseen natural disaster occurs, i.e. 500 yr flood, earthquake, Mt. Rainier
eruption etc...
2. Motive power restoration will reflect what is necessary to maintain "reilable" service without interruption due to most maintenance
issues involving trolley car electro -mechanical systems and structure. An assumed active service life of 30 years of regular 2 days a week
use is assumed for the primary car (1776), and occasional use of the secondary car (1976).
Type
Cost Per Unit
Units # of Units
Paved Track:
New hardwood 8.5 x 8 x 8 foot ties at 3rd Ave., 5th Ave., Walnut St., Yakima
Ave., MLK, Lincoln Ave., Fruitvale Blvd., and River Rd. north to end of street
running track. Hardwood ties will span all cross -lanes plus a 50 foot approach
on either side of each intersection. Hardwood ties to be used on 140ft radius
at 6th and Pine St.
New Pine, Fir, or equivalent 8 x 8 x 8 foot ties on all tangent track and turnouts
under pavement excluding areas designated for Hardwood tie construction
Relay condition 65Ib ASCE steel 33 foot jointed rail to be used throughout
construction of all YVT track. Dual upright guard rail with cross bolted web
spacers to be used in all paved locations.
5/8" x 6" standard spikes
$ 90.00
$ 60.00
$ 375.00
$ 65.00
Per Tie
Per Tie
Per Ton
Per 100Ib
Keg
1,100
6,100
455
420
$ 99,000.00
$ 366,000.00
$ 170,625.00
$ 27,300.00
Tie Plates, to be used under all paved track
Rail Bonds, welded across each joint of each outside rail
Rail joint bars, bolts, nuts, washers. 2 joint bars, 4 bolts, 4 washers, 4 nuts per
joint
Ballast, crushed rock
Paving Finish, crushed rock, asphalt
Labor contract: Permitting, Engineering, Mobilization, demo, hauling, disposal,
site management, construction, signage, traffic control, finishing
6.50�
18.00
27.00
$ 1.10
Per Tie
Each
Per Joint
Per Sq.
Foot
Per Track
Foot
650
650
90,000
10,500�
108,000.00
4,225.00
�
162,000.00
99,000.00
2,837,5000O
Ernbeded Turnouts:
'
Refurbish ng turnoutsnew mechanism, new rail, welded up points and
frogs
15,000.00
Each
7
105,000.00
Ballasted Track: regular exposed trackwork not embedded in street.
New Treated Pine, Fir, or equivalent 8 x 8 x 8 foot or equivalent ties on all track
60.00
Per Tie
� ' ��
7,200
432,000.00
Reuse most of existing rail. Selective rail replacement of existing rail with Relay
condition 65Ib ASCE steel 33 foot jointed rail to be used. Primary contact rails
only, no guard rails.
5/8" x 6" standard spikes
Tie Plates, to be used under all track. Reuse most of existing tie plates with
Rail Bonds, welded across each joint of each outside rail. Add protection with
guarding or substance to prevent stealing and reselling copper bonding.
Reuse all Rail joint bars, bolts, nuts, washers. 2 joint bars, 4 bolts, 4 washers, 4
nuts per joint, selective replacement of existing joint bars and hardware.
Concrete driveway work at Jeld Wen, approx 30 yds. Of concrete, demo, prep,
forms, rebar, pour, and finishing
Private driveway wood plank crossings, approximately 265 track feet of
crossings between Jeld Wen and Gordon Rd. Treated 4 x 12 construction
Asphalt drive way and street crossings, Gordon Rd. to Southern Ave.
Ballast, crushed rock
Retaining Wall Work, Selah gap
Bridge/Culvert work, as needed
Labor contract: Permitting, Engineering, Mobilization, demo, hauling, disposal,
site management, construction, signage, traffic control, finishing
375.00
$ 65.00
15.00
$ 6.50
14.00
8,500.00:..
12.75
$ 27.00
40,000.00
Per Ton
Per 100lb
Keg
Per Tie
Each
Per Joint
Total
Lineal
Foot
Square
Feet
Per Ton
Feet
Total
Per Track
Foot
45
420
100
650
35
1
1,060
16,875.00
27, 300.00
$ 1,500.00
$ 4,225.00
$ 490.00
2,800
10,000
600
1
10,500
8,500.00
13,515.00
$ 3,080.00
$ 270,000.00
$ 600,000.00
$ 40,000.00
$ 1,417,500.00
Overhead Contact System (OCS):
Poles- wood, installed, replace as needed
Guy wire, suspension, fittings, installation. Where OCS is missing
Guy wire, suspension, fittings, realignment, standard height 19 feet. Where
OCS still exists
$ 1,000.00
$ 65,000.00
$ 35,000.00
Each
Per Mile
Per Mile
357
1.98
1.98
$ 357,000.00
$ 128,700.00
69,300.00
Substation, Booster Station & Wire (OCS) Security System Work:
Remote Substation, pad, building, rectifier, transformers, control system
OCS Wire Security System
Wire Security System installation
$ 75,000.00
$ 30,000.00
$ 15,000.00
Total
Total
Total
1
1
1
75,000.00
$ 30,000.00
15,000.00
Project Overhead and Management:
Engineering cost (5%)
Project Management and Oversight (5%)
Contingency (10%)
Per
Project
of total
Total Cost of Part A: $
325,016.75
325,016.75
650,033.50
7,800,402.00
7.80 Million Total Project Cost Part A
Oporto Cars 1776 & 1976
Complete Restoration car 1776- Motors, compressor, electrical, metal
underframe, wheels, wood car body
Partial Restoration of Car 1976 to include: Complete underframe motors,
compressor, electrical. Partial body and cosmetic wood; complete seat
restoration.
750,000.00
$ 300,000.00
Each
Each
1
1
750,000.00
300,000.00
0
ta:° . o
Ma Cos
1.05 Million Total Project Cost Part A
8.85 Million Total Project Cost
,42.0
YAKIMA VALLEY TROLLEYS - PROFORMA OF TYPICAL ANNUAL OPERATIONS 2016 FORWARD:
ASSUMPTIONS:
1 26 WEEKENDS OPERATING PLUS HALLOWE-EN AND TW(
2 TWO CHARTER EVENTS EACH MO ONTH INCLUDINE
3 LINE OPEN TO SELAH AT ALL TIMES
4 NO MAJOR REPAIRS OR OVERHAULS
5 EXECUTIVE DIRECTOR REMAINS ON AT $18M PER ANNU
INCOME:
Trolley Ride Revenues 23,000
Charters/Events 6,000
Museum Merchandise Sales 5,000
Donations 2,500
Membership Dues 1,500
Interest and Other Revenues 1,000
TOTAL REVENUES 39,000
EXPENSES:
Gift Shop Merchandise 3,000
Museum Operating Supplies 500
Trolley and Equipment R&M 3,000
Track and ROW Maint. 1,500
Electricity 3,000
Water & Sewer 1,200
Natural Gas 800
Office and Administration* 20,000
Publicity and Marketing 6,000
All Other Expenses 1,500
TOTAL EXPENSES 30,500
NET OPERATING INCOME
*Includes Executive Director
8,500