2 11 10 Five Flags Center FY 2011 Budget PresentationCIVIC CENTER
FY 2011
SMG AGREEMENT
SMG is City’s Agent
FY 2011 is the seventh year of this
agreement
City funds are used
City has final say on fees and policies
Civic Center Advisory Commission
City Council
Joyce White
General Manager
Joyce White, General Manager
FY 2011 Projected
Benchmark, $805,356
Management Fee,
$88,551
TAX SUPPORT HISTORY
BUDGETEDACTUAL
Tax SupportTax Support
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$782,198
FY 2010$809,160
FY 2011$805,356
If FY 2003 property tax support would have increased by 3% per year,
in FY 2011, tax support would be $894,159.
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$765,406$(16,476)$8,238
FY 2010$781,882
FY 2011$805,356
Replace portable chairs, $66,566
Replace tables, $31,500
Replace center’s P.A. system, $21,000
FY 2010 CIP Projects
FY 2010 CIP projects,
continued
Espresso machine and kiosk, $21,250
Pipe and drape, $24,310
Meeting room A.V. equipment, $24,418
FY 2011 C.I.P PROJECTS
Dasher Boards
$26,750
Concert Lighting
$100,000
Theater –
Tuckpoint
Exterior
$250,000
Any questions?