08-RMSC review of Janesville actuals
Janesville Ice Skating Center
Evaluation of Current Rink
Item20082009
Public Total$ 43,853$ 47,639(1)
Program Total 35,173 33,455
Contract Rental Total 91,857 137,617
Misc. Total 16,977 4,523
Total Revenue$ 187,860$ 223,234(2)
Total Personnel 147,369 139,522(3)
Total Utilities 83,493 80,136
Insurance 1,864 1,645(4)
Total Maintenance 22,254 40,122
All Misc. Expenses 20,073 31,850
Total Expenses 275,053 293,275
Profit/Loss$ (87,193.00) $ (70,041.00)
(1) Total projected Public Admissions are very compared to other RMSC facilities.
(2) Single sheet ice facilities should strive to produce $600K+ in gross revenues.
(3) Payroll as a % of gross revenues was 63% in 2009. Cost cutting measures to get payroll down
to the benchmark of 35% of gross revenue is recommended.
(4) RMSC assumes that true insurance cost is being reflected elsewhere. Typically $25K is the lowest insurance cost.