Fiscal Year 2012 Five Flags Civic Center Budget PresentationFIVE FLAGS CIVIC CENTER
FY 2012
SMG Manages Five Flags for 8 th year
Joyce White, General Manager
New Business Plan Developed
•Marketing collateral pieces
developed
•Investments in pipe and drape,
tables, chairs, espresso kiosk
•Hosted new
events such
as roller
derby and
Dubuque
Soccer Club
•Hosted IBM
interviews
•Corporate
meetings in
the Theater
FY 2012
Projected Benchmark $821,446
Management Fee $ 90,322
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$792,493
FY 2011$805,356
FY 2012$821,446
If FY 2003 property tax support would have increased by 3% per year,
in FY 2012, tax support would be $920,984.
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$768,192$(13,690)$ 6,845
FY 2011$805,356
FY 2012$821,446
FY 2011 CIP PROJECTS
Concert Lighting
$100,000
Theater
Tuckpoint
Exterior
$250,000
Five Flags Theater
th
100Birthday
Commemorated with
Entry project
$23,000
FY 2012 CIP Projects
Paint Arena Ceiling
$95,000
Audio Visual and Sound Equipment
$40,000
Seal Concrete
Walkways
$25,000
Ice Machine
Replacement
$14,000
Any questions?