HomeMy WebLinkAboutResolution - 2009-R0404 - Accept Civic Lubbock Inc. FY 2009-10 Budget - 09/24/2009Resolution No. 2009-R4404
September 24, 2009
Item No. 5.3
RESOLUTION
WHEREAS, the City of Lubbock entered into a License Agreement with Civic
Lubbock, Inc. on September 21, 2005, for all food, beverage and other concessions sales
for the Lubbock Municipal Auditorium/Coliseum, Lubbock Memorial Civic Center,
Buddy Holly Center, Silent Wings Museum and other designated municipal facilities; and
WHEREAS, the License Agreement includes a provision that requires Civic
Lubbock, Inc. to prepare and submit to the City a budget prior to the beginning of each
fiscal year; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock hereby accepts the Civic
Lubbock, Inc. 2009-10 Fiscal Year Budget as approved and presented by the
Civic Lubbock, Inc. Board. A copy of said budget is attached hereto and
incorporated in this Resolution as if fully set forth herein.
Passed by the City Council this
24th day of September , 2009.
TOM MARTIN, MAYOR
ATTEST:
Rebecc Garza, City Secretary
APPROVED AS TO CONTENT:
AndyB cham
Chief Financial Officer
APPROVED AS TO FORM:
Amy L istant City Attorney
as/CLI Reso09.14.09
Resolution No. 2009-RO404
Civic Lubbock, Inc. -- Overview
Actual Actual Actual Amended Budget_ Change
RESOURCE SUMMARY FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 from Amended
Funding Sources
Utilization of Net Assets
Appropriation
2.50
2.00
c 1.50
0
6? 1.00
0.50
0.00
2005-06
$ 1,554,317 1,982,176 1,689,148
- 37,740 -
1,358,769 2,019,916 1,604,476
COMPOSITION OF EXPENDITURES
(Fiscal Year)
1,781,249 2,073,726 16.4%
- 31,965 0.00/0
1,768,284 2,105,691 19.1%
2006-07 2007-08 2008-09
scorn ensation ■Benefits
■ Supplies Maintenance
A Other Charges ■ Grant/Walk of Fame
L Capital Outlay/Reimbursements ■Depreciation
2009-10
Benefits
Supplies
Maintenance
Other Charges
Grant/Walk of Fame
Capital Outlay/Reimbursements
Depreciation
TOTAL EXPENSES
Actual
Actual
Actual
Actual
Amended
Budget
% Change
FUNDING SOURCES
FY 2005-06
FY 2006-07
FY 2007-08
FY 2008-09
FY 2009-10
from Amended
Civic Center Concessions
$ 373,686
391,885
431,607
433,875
434,623
0.2
Auditorium/Coliseum Concessions
428,816
447,578
392,778
272,821
329,670
20.8
Select -A -Seat
469,126
339,239
538,373
577,006
616,133
6.8
Grants
2,000
545,630
37,650
-
-
-
Other Income
280,689
257,844
288,740
497,547
693,300
39.3
Total Revenue Sources
1,554,317
1,982,176
1,689,148
1381,249
2,073,726
16.4
Utilization of Net Assets
-
37,740
-
-
31,965
-
TOTAL FUNDING SOURCES
S 1,554,317
2,019,916
1,689,148
1,781,249
2,105,691
18.2
Benefits
Supplies
Maintenance
Other Charges
Grant/Walk of Fame
Capital Outlay/Reimbursements
Depreciation
TOTAL EXPENSES
Actual
Actual
Actual
Amended
Budget
%Change
FY 2005-06
FY 2006-07
FY 2007-08
FY 2008-09
FY 2009-10
from Amended
$ 643,902
682,314
675,651
711,447
776,994
9.2
43,825
40,214
45,582
49,026
53,325
8.8
7,723
12,260
8,633
10,141
10,858
7.1
4,998
4,777
27,109
15,270
10,000
(34.5)
490,553
570,922
727,403
887,325
1,183,944
33.4
72,620
601,047
65,292
47,390
70,570
48.9
-
-
-
30,000
-
(100.0)
95,148
108,382
54,806
17,685
-
(100:0)
$ 1,358,769
2,019,916
1,604,476
1,768,284
2,105,691
19.1
Civic Lubbock, Inc. - Functional Overview
Civic Center Concessions Budget
FUNDING SOURCES
FY 2009-10
Alcohol Sales
$ 184,823
Concession Sales
143,000
Catering
81,000
Soda Machine Sales
12,500
Merchandise
7,600
Southwestern Bell Grant
2,500
Interest
2,000
Food Vendors
1,000
Discounts Taken
200
TOTAL FUNDING SOURCES
$ 434,623
EXPENSES
FY 2009-10
Compensation
$ 176,304
Benefits
8,226
Supplies
2,000
Maintenance
4,500
Other Charges
198,908
TOTAL EXPENSES $ 389,938
Auditorium/Coliseum Concessions Budget
FUNDING SOURCES
FY 2009-10
Concession Sales
$ 179,980
Alcohol Sales
130,190
Merchandise
17,500
Interest
600
Food Court Vendors %
500
Other Sales
500
Soda Machine Sales
200
Discounts Taken
200
TOTAL FUNDING SOURCES $ 329,670
EXPENSES
Budget
Compensation
$ 135,602
Benefits
6,403
Supplies
800
Maintenance
3,000
Other Charges
156,052
TOTAL EXPENSES
S 301,857
Administration
Budget
FUNDING SOURCES
FY 2009-10
Other Income / Service Charge
$ 400,000
Stagehand Wage Reimbursement
250,000
Stagehand Service Charge
42,500
Interest
800
TOTAL FUNDING SOURCES $ 693,300
EXPENSES
FY 2009-10
Compensation
$ 250,000
Benefits
28,187
Supplies
2,058
Maintenance
900
Other Charges
452,480
Grants/Walk of Fame
70,570
TOTAL EXPENSES
$ 804,195
Select -A -Seat
FUNDING SOURCES
FY 2009-10
Handling Fees
$ 557,191
Professional Fees
38,600
Commission Revenue
6,000
Printing Fee Revenue
4,528
Southwestern Bell Grant
3,615
Other Income
2,000
Interest Income
1,300
Maintenance Support Revenue
1,200
Equipment Rental Revenue
1,020
Discounts Taken
679
TOTAL FUNDING SOURCES
$ 616,133
EXPENSES
Compensation
$ 223,397
Benefits
2,200
Supplies
6,000
Maintenance
1,600
Other Charges
376,504
TOTAL EXPENSES
$ 609,701