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City of Rexburg Recreation Financial Analysis
Summer 2022
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4 Year History of Subsidy for Recreation, Arts, Parks/Trails, Golf
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When the orange line is below the top of the blue bar, it signifies a profit was generated in fund 03 by the recreation programs, facilities, and events to help cover the recreation
admin expenses in the general fund 01
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Spikes in the mid teen years due primarily to workers comp expenses related to claims
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Current Programs/Facilities/Events Offered
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Participation Number’s
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Net Profit and Loss
Considers Direct Account Expenses and Revenues
Admin expenses not included
Positive profits are represented by the numbers within parentheses
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Allocated Overhead
We need to figure out how to allocate our overhead?
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Methods of Allocating Overhead
Based on (Profit) Loss
Based on Participation
Based on Allocated Hours
See Handout for specific details
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Allocation of Overhead Based on Allocated Hours Where Did FT Staff Spend Their Time?
Total Hours paid each year is 2080 for all three full-time employees
Jon spends half his time at Rexburg Rapids which is reflected by only allocating 1040 hours
Hours do not include part-time employees
Hours provided by Recreation full-time employees
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Best Method of Allocating
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Average Subsidy Per Participant Per Year
Spikes in the mid teen years due primarily to workers comp expenses related to claims
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How do we move forward?
Considerations:
Are there programs to discontinue, bring back, or expand
Zone lease up in December 2022
Been notified of an increase in rates-not sure how much yet
We have asked them to consider some options
Is it better to relocate to a new site?
Do we add another full-time Employee?
$86,000 annual cost
Net cost with projected profit from potential new programs or reduced part-time rates $76,800
Should this decision be made once we know the direction of the Recreation District/Recreation Center?
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