2019 Draft Budget - Spruce Groveagenda.sprucegrove.org/docs/2018/RCM/20181022_468/3406_TLC B… ·...

2019 Draft Budget

Slide #2/15 | October 22/18 | trileisure.com

Draft 2019 Budget Overview∞ 2019 Objectives

∞ TLC PEAK Priorities

∞ Cost Recovery

∞ Detailed Budget

∞ Revenues

∞ Expenses

∞ Breakdown of Municipal Contribution

∞ Operating

∞ Capital

∞ Infrastructure

∞ Summary


2019 Objectives

Employee Engagement, Safety, Development and

Recognition• Great Place to Work Project

• COR Certification• Enhanced Professional Development

Opportunities

Customer Experience, Safety & Security

• Self-serve/online service opportunities• Enhanced facility security

• Continued theft prevention programs• Enhanced staffing levels during peak

times

Building Enhancements & Upgrades

• Acoustic curtain in the south field• Pool tile and grout enhancements

• Painting projects• Plumbing and electrical improvements


PEAK PRIORITIES

PersonnelEngaging StakeholdersAsset ManagementKey Service Levels


Cost Recovery2019 - 78.8%

YEAR BUDGETED COST RECOVERY

ACTUAL COST RECOVERY

2014 79.24% 79.852015 78.52% 78.63%2016 75.5% 78.83%2017 81.58% 81.69%2018 80.65% -2019 78.8% -


Operating Overview

• Revenues - $6,316,030• Operating Expense (less depreciation) - $8,015,978

Operational Cost Recovery – 78.8%


2019 Revenues

Earned Revenues Approved 2018 Budget

Draft 2019 Budget

Memberships, Passes and Admissions 2,950,000 2,933,047

Programs and Services 1,385,310 1,169,398

Facility Rentals and Events 1,224,200 1,267,512

Administration (miscellaneous) 908,604 946,073

Total Revenues (excluding municipal operating contribution) 6,468,114 6,316,030


2019 Revenues$5

,643

,964

$5,8

89,1

48

$6,0

98,3

36

$6,3

05,3

98

$6,4

68,1

14

$6,3

16,0

30

$5,200,000

$5,400,000

$5,600,000

$5,800,000

$6,000,000

$6,200,000

$6,400,000

$6,600,000

Actual 2014 Actual 2015 Actual 2016 Actual 2017 Budget 2018 Budget 2019

Revenue


2019 Expenses

Expenses Approved 2018 Budget

Draft 2019 Budget

Salaries and Benefits 4,419,469 4,364,831

Materials, Goods, Supplies (Inc. Depreciation) 2,977,765 3,116,147

Utilities 948,000 915,000

Restricted Reserves 0 0

Total Expenses 8,345,234 8,395,978


2019 Expenses

$7,313,201

$7,750,248

$8,632,213

$8,106,333

$8,345,234 $8,395,978

$6,600,000

$7,100,000

$7,600,000

$8,100,000

$8,600,000

$9,100,000

Actual 2014 Actual 2015 Actual 2016 Actual 2017 Budget 2018 Budget 2019

Total Expenses


Capital Overview

TOTAL BUDGETED CAPITAL EXPENSE - $277,517

• Annual Fitness Equipment Replacement• IT Equipment

• Truck Replacement


Infrastructure Overview

TOTAL BUDGETED INFRASTRUCTURE EXPENSE - $320,000

• Acoustic Curtain South Field• Painting Projects

• Pool Tile & Grout Repair Phase 3• Plumbing Upgrades


Municipal Contribution

Approved Budget 2018

Budget 2019

Operating 1,552,123 1,699,949

Capital/lifecycle 210,956 277,517

Infrastructure 550,007 320,000

Total Municipal Contribution 2,313,086 2,297,466


Draft 2019 Budget Summary∞ $147,826 increase in municipal operating contribution

primarily related to minimum wage increase, COLA and

wage adjustments, COR certification and ongoing employee

engagement projects.

∞ Operating cost recovery of 78.8%

∞ 0.6% increase in budgeted expenses – reduction in FTE

results in offsetting additional expenses listed above.

∞ 2.4% reduction in revenues budgeted resulting from actuals

in 2017 and trends for 2018.

Thank You!trileisure.com

2019 Draft Budget - Spruce Groveagenda.sprucegrove.org/docs/2018/RCM/20181022_468/3406_TLC B… ·...

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