2 17 09 Budget Presentation Five Flags Civic CenterCIVIC CENTER
FY 2010
SMG AGREEMENT
SMG is City’s Agent
FY 2010 starts the second five-year
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agreement
City funds are used
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City has final say on fees and policies
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Civic Center Advisory Commission
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City Council
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Joyce White
General Manager
FY 2010 Projected Benchmark, $809,160
Management Fee, $88,981
TAX SUPPORT HISTORY
BUDGETEDACTUAL
Tax SupportTax Support
FY 2002$679,133
FY 2003$705,858
FY 2004$645,162
FY 2005$757,091$793,899
FY 2006$776,018$594,899
FY 2007$701,190$763,782
FY 2008$752,560$758,136
FY 2009$772,878
FY 2010$809,160
If FY 2003 property tax support would have increased by 3% per year,
in FY 2010, tax support would be $868,116.
BENCHMARK HISTORY
SMG Actual SMG Amount 50%
BenchmarkActual Over/Under Payment
ExpenseBenchmark
FY 2005$682,091$761,308$ 79,2170
FY 2006$701,190$633,067$(68,123)$34,062
FY 2007$730,640$715,126$(15,514)$ 7,757
FY 2008$750,367$741,179$( 9,188)$ 4,594
FY 2009$781,882
FY 2010$809,160
FY 2010 CIP Projects
Replace Portable Chairs
Arena HVAC / Promenade
Roof Replacement
New Grand Piano
Step and Aisle Lighting
FY 2010 CIP projects,
continued
Replace tables
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$31,500
Paint arena ceiling
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$95,000
Replace center’s P.A. system
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$21,000
FY 2014 C.I.P ROJECTS
Replace Marquee
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$120,000
Replace Scoreboards
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$50,000
Replace Arena Stage Dimmer Lights
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$39,375
Replace Black Curtains
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$21,100