Loading...
HomeMy WebLinkAboutResolution - 012276T - Annual Promotional Funds Required For LMCC (No Resolution Page In File) - 01_22_1976ro*,O' Co ANNUAL PROMOTIONAL FUNDS REQUIRED 2/10/76 +u. FOR LUBBOCK MEMORIAL CIVIC CENTER PRINTED"PERIODICAL ADS e.g., Sales Meetings, Meetings & Expositions,. $ 13,000.00 Meetings, and Conventions, Official. Meeting Facilities Guide, Amusement Business, etc. ATTENDANCE AT CONVENTIONS.WITH EXHIBIT. Exhibit Fabrication $ 5,000.00 Exhibitions Attendance $ 15,000.00 TRAVEL COSTS TO BID $ 10,000.00 PROMO LITERATURE, SOUVENIERS,'HANDOUTS $ 10,000.00 FUNDS FOR FACILITY RENTAL ASSISTANCE $.25,000.00 POTENTIAL CUSTOMER TOUR (Per couple) Air Travel (round trip) - $250.00 J Room (1 night). 30.00 1 Breakfast (3 people) 7.50 2 Lunches (3 people) 12.00 ,1 Supper (4 people). 40.00 $426.50 Round off to $500.00/couple - 30 couples $15,000.00 ' CONTINGENCY - $ 7,000:00 TOTAL ANNUAL PROMO $100.000.00 2/11/76 PREFERRED GRAND OPENING FUND REQUIREMENTS LUBBOCK MEMORIAL CIVIC CENTER Grand opening anticipated in the latter part of.January, 1977. 1. PRINTING Special Inv}tations $ 500.00 Programs 1,500.00 Tabloid ad 5,000.00 2. TRAVEL & HOUSING FOR RIBBON CUTTING.DIGNATARIES 7,500.00 (Governor, Senators, Congressmen, Proximate County, City, Town Officials, etc..) 3. *OPENING -BANQUET** 15,000.00 1500 People 4. ENTERTAINMENT 35,000.00 5. TRAVEL, ROOM, MEALS, AND ENTERTAINMENT FOR 270-500.00 POTENTIAL CUSTOMER GROUPS i 6. CONTINGENCY (Administrative costs, etc.) 8,006.00 TOTAL PREFERRED GROSS GRAND.OPENING COSTS .,$100,000.00 NOTE: Concession sales would provide revenues throughout grand opening period. * Costs for these items will be at least partially recoverable through admission charges. * Total budget costs (net) if 50% of.items 3 and 4 are.recovered �_75,000.00 ** Total budget costs (net) if 7516 of items . 3 and 4 are'recovered $ 620,500.00 CIVIC CENTER OPERATING COSTS r AUD-COL/LMCC (Lubbock Memorial Civic Center).RATIOS Aud-Col LMCC Factor Square Feet 180,000 420,000 2.33 People 12,523 10,000 0.80 Facilities 3 23 7.67. AVERAGE FACTOR= 3.6 AUD-COL 1974-75 Budget = $196,885 3.6 X 1960885 = $708,786 TOTAL OPERATING BUDGET COIMiPARISONS " 1974-75. AUD-COL. LMCC Personal Services 130,945 396v54 Supplies (X3) 6,330 18,990 Maintenence (X3) 15,375 46,125 Other Charges' Electricity (X4) 15,471 .. 61,884 Gas (3.7X plus 33% increase) 6,655 32,749 _. Remainder.(X3) 18,605 55,815 'Total less promo 1932381 612,117 612,117 3.17 396,554 X 100 = 65% 193.0381 6120117 SUMMARYJAICC FISCAL 1976-77 Operating costs $612,117 • Rents and Services Revenue 200,000 Concession Revenue- (net) - . 125,000 Net cost of operation $287,117 TOTAL COST CONSIDERATION Operating costs, .$6128117 Annual Promotion.' 100,000 Grand Opening Total 100 000 812,117 costs .. Less Revenues 325,000 Deficit 487,117 ITEM 9 { 1976-77 FULL TIME PERMANENT L1iCC STAFF CODE POSITION NUMBER BASE TOTAL SALARY SALARY SBA-1 Civic Center Director.. 1 21,000 21,000 265-2' Secretary 1 50844 5,844 3.04-3 Asst..Director 1 _ 112832 11,832 218-4 Cashier/Accountant 1 10,176 10,176 280-5 Bookeeper Clerk 1 51,305 59304 024-6.' Special Services Mgr, 1 100608 10,608 292-7 Clerk-Typists/Recepts. 2 .48788 ..9,576 420-8 Building Engineer 1 8,856 81856 437-9 Asst. Bldg. Engr. 1 71860 '7,860 490-10 Bldg. Maint. Workers 4 6,132 _- 24,528 483-11 Bldg. Maint. Supervisors 2 7,260 141520 496-12 Janitors 6 5,160 30,960 423-13 Stage Manager 1 :81364 81364 483-14 Asst.-Stage Mgr.. 1 71260 72260,.- 490-15 Stage. Hands 2 61P.132 12,264 535-16 Security Guards 8 6,420 513,360 34 Employees $240 312 Base salaries = 60.6% of total personal services budget; Therefore 240,312/0.606 = $396,554 total pers. servs. budget t .1974-75 Aud-ol Pers. Servs. Budget =$130,945 including Director $1300945 - $20,000 = 110,945 $396,554f$110,945 = 3.57 Since April, 1973, wages are up 24% minimum, insurance is up 25%, Minimum - Wage is. up 66%, retirement is up" 500% and social security is up. No Text