Five Flags Center FY 2008 BudgetTHE CITY OF
DUB E
MEMORANDUM
April 30, 2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Five Flags Center FY 2008 Operating Budget
Leisure Services Manager Gil Spence recommends City Council approval of the Fiscal
Year 2008 Five Flags Center proposed operating budget submitted by SMG. Two
recommended fee increases include an increase in the theater rental fee from $500 to
$550 and the arena rental fee from $1,100 to $1,200.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
2 ~% ~1
Mic ael C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Gil D. Spence, Leisure Services Manager
c
THE CITY OF
~` DUB E
~-~~
MEMORANDUM
April 30, 2007
TO: Michael G. Van Milligen, City Manager
1
FROM: Gil D. Spence, Leisure Services Mana C
,6
SUBJECT: Five Flags Center FY 2008 Operating Budget
INTRODUCTION
The purpose of this memorandum is to request City Council approval of the FY 2008
operating budget for the Five Flags Center, submitted by SMG.
BACKGROUND
Fiscal Year 2008 will be the fourth year of the five-year management agreement SMG
has for the Five Flags Center. The management agreement requires SMG to submit a
detailed budget proposal to the City in April for the upcoming fiscal year.
The Civic Center Advisory Commission reviewed the budget proposal at their April 23,
2007 meeting.
DISCUSSION
The FY 2008 benchmark is projected to be $752,560; the exact benchmark will be
determined using the CPI-U for the period ending in May. The benchmark includes the
management fee projected to be $82,266 for FY 2008.
There are two fee increases proposed:
• Theater rental to increase from $500 to $550
• Arena rental to increase from $1,100 to $1,200
continued
~. ,
Five Flags budget, page two
SMG is projecting 124 events with attendance of 87,595, an increase of 10 events and
a 7,825 increase in attendance.
They are projecting a property tax support of $748,052. The FY 2008 budget approved
by the City Council during the budget process projected a property tax support of
$752,560.
The following is a listing of items I would like to note:
• Salaries -Administration. Increase due to higher salary for current general
manager and annual increases for all employees.
• Taxes and benefits. FY 2007 amount was not accurately calculated.
• Other contracted services. The use of temp service employees has
increased, causing this budget increase.
• Meetings and conference. Extra travel is added for the General Manager and
for the Box Office Manager to attend a Ticket Master conference.
• Employee Training. Allows for afour-hour customer service training session
for all employees. This is held every two years.
• Miscellaneous Expenses. Provides for payroll processing.
• FF & E. The $9,000 in the Executive Department provides for networking all
the computers in the building.
• Relocation Expense. The relocation costs to move the new general manager
to Dubuque from Fairbanks, Alaska is being spread over three years.
• Two new departments are created (Events and Food and Beverage) to better
track these expenses. These were included in the Operations Department
previously.
Information attached includes:
• A memo from General Manager Joyce White outlining the budget and annual
plan
• Summary sheet of income and expenses
• Detailed monthly revenue sheets
• Detailed expense sheet
ACTION STEP
The action requested is that the City Council approve the FY 2008 Five Flags operating
budget as submitted by SMG.
GDS:et
atatchment
F
GS
Five Flags Center
Dubuque, Iowa
BUDGET
.FISCAL YEAR 2008
Managed By
11YO #ry~r~tLr/rte Ii91eYi
~~
_~ .~ .
SMG /FIVE FLAGS CENTER
BUDGET -1NDEX
FYE 06/30/08
DESCRIPTION PAGE
BUDGET NARRATIVE 1
INCOME STATEMENT 7
MONTHLY EVENT SUMMARY 8
OTHER INCOME 9
INDIRECT EXPENSES
SUMMARY 10
EXECUTIVE 11
FINANCE 13
MARKETING/SALES 15
EVENTS 17
OPERATIONS 19
BOX OFFICE 25
FOOD & BEVERAGE 27
OVERHEAD 29
OTHER 31
ADDENDUM A -ADMINISTRATIVE SALARIES 33
ADDENDUM B -TRADE WAGES 35
ADDENDUM C -EVENT DETAIL 36
~ Memo
To: Honorable Roy Buol, Mayor, City of Dubuque
Mike VanMilligen, City Manager, City of Dubuque
Gil Spence, Leisure Services Manager, City of Dubuque
City Council Members, City of Dubuque
Five Flags Commission Members
From: Joyce White
SMG General Manager
Five Flags Center
CC: Hank Abate
SMG Senior Vice President
Joe Romano
SMG Regional vice President
' Tom Lorenz
SMG Senior General Manager
Date: 4/2/07
Re: Fiscal Year 2007-2008 Budget and Annual Plan
Ladies and Gentlemen:
Attached you will find the proposed Fiscal Year 2008 operating budget for the Five Flags Center.
The budget projects a Net Operating Loss for the year of ($748,052).
Additionally, the agreement between SMG and the City of Dubuque for the management of Five
Flags Center calls for the submission of an Annual Plan. This plan is detailed herein.
• Page 1
FY 2008 OPERATING BUDGET
SMG's plan for the upcoming fiscal year is to present a realistic operating budget with an emphasis
on maintaining tight control of operating expenses while continuing to pursue creative avenues for
event revenue generation. SMG has endeavored to take market and industry conditions into
consideration in the development of this budget. Included in this methodology is an evaluation of
prior period operating performance. Revenues have been budgeted to reflect an objective view of
market conditions.
FY 2008 SMG MANAGEMENT PLAN FOR THE MANAGEMENT AND OPERATION OF THE
' FIVE FLAGS CENTER
Management is appreciative of the support demonstrated by the City of Dubuque and pleased with
the transition of the existing personnel into the realm of private management. Facility personnel are
confident to be entering the fourth year of operation under private management and optimistic that
Fiscal year 2008 will present both challenges and opportunities for the center. Overall objectives for
the Fiscal Year 2008 include:
• Concentrated effort on staff growth, development, and empowerment.
' • Increased concert and theatre performances.
• Continued effort to maximize revenue and reduce overhead operating expenses.
• Sustained emphasis on event expense recovery.
• Increased revenue generated through concessions sales.
• Continued effort to provide a balance of event activities that benefit all facility user groups.
SMG will continue to cultivate relationships and work with local, regional and national event
promoters to host a broad spectrum of live entertainment event activity at the center including touring
attractions, family performances and special event activity.
Key to building on these relationships will be the success of the events during Fiscal Year 2008.
SMG staff will also continue to work with Thunderbirds staff to explore opportunities for enhancing
revenues generated by both the team and facility throughout the hockey season.
As predicted, the successes of Fiscal Year 2007 in the area of event activity were less than in Fiscal
Year 2006 as various shows such as Disney On Ice, Harlem Globetrotters and Lord of the Dance
usually are not events that return from year to year but are events that return every other year or
every third year. FY2008 event activity should be somewhat stronger than FY2007. This
expectation is reflected in the Anticipated Event Activity report included herein.
We do expect an increase in activity from the Dubuque Thunderbirds due to their move from the
Minnesota Junior Hockey League to the Central States Hockey League and the residual fan support.
due to their successful 2007 season. SMG expects the Thunderbirds to have 28-30 home games
which will include the regular season and any exhibition games. In addition, with a contract similar to
last year's, SMG expects to generate more revenue for the facility from concessions sales -due
primarily from additional Thunderbird marketing programs expected to drive attendance to new
levels previously unseen for the team.
• Page 2
SMG is proposing two rate increases for Fiscal Year 2008 -arena and theatre rental. Arena rental
rates have remained static for the past ten years -last increased in FY1998. Theatre rental rates
' have remained static far the past five years -last increased in FY2001. With the increased cost of
operations, specifically in the areas of insurance and utilities, a small increase in rental rates should
be assessed users in order to simply maintain a balance in the cost of doing business. SMG
proposes the following rental rate increases:
They are:
' Theatre rental to increase from $500 to $550 (10%)
• Arena rental to increase from $1100 to $1200 (9%)
Historical Rates
Year Arena Theatre
1981 $ 750 $ 225
1986 $ 850 $ 225
1997 $1100 $ 300
1998 $1100 $ 400
2001 $1100 $ 500
About SMG
SMG, the world leader in venue management, marketing and development, was founded in 1977
with the management of our first facility, the Louisiana Superdome. We soon grew to manage
convention centers, exhibition halls and trade centers, arenas, stadiums, performing arts centers,
theaters, and specific-use venues such as equestrian centers. SMG's clients benefd from the
company's depth of resources and its unparalleled expertise, leadership, and creative problem-
solving. Our successful growth has been built on the many partnerships, relationships, and
resources we have developed with our clients -both municipal and private. This unique
combination of resources, relationships, and expertise has allowed SMG to define and refine the
industry throughout its history.
ANTICIPATED EVENT ACTIVITY
Family shows:
The Family Show market will continue to be aggressively pursued by SMG.
Some of the events projected for this year include: Sesame Street Live, Children's Theatre, and a
spring family show from Vee Corporation.
Concerts, Shows, Comedy:
Arena and theatre concerts, shows, and comedy are projected at eight, collectively.
~ P~,
Sports events:
Both Professional Bull Riding and the Wendy's High School Basketball Classic are scheduled during
the new fiscal year. Management is exploring additional sporting event activity.
Hockey:
The Dubuque Thunderbirds will begin play in September of 2007 with an expected 28 game home
schedule. SMG is projecting an average attendance per game attendance at 975.
DEPARTMENTAL REPORTS
Operations:
The function of the Operations Department is to maintain building equipment, perform repairs to the
facilities, complete necessary set-ups and conversions for events and keep the Five Flags Center
clean and well maintained.
This year, staff will implement and utilize the spec~cally designed and proprietary SMG Smart
Maintenance software program for the management of facility operations. This customized program
includes preventative maintenance functions, work order distribution and record keeping that has
made "back of house" operations at the facilities "state-of--the-art."
SMG will continue to take the necessary preventative steps to ensure that the long-term maintenance
goals of the Operations Department include getting maximum life cycle usage out of all facility assets.
Asset maintenance includes but is not limited to:
• Test running the emergency generator on a quarterly basis.
• Rolling equipment maintenance -check operations, top off fluids, check brakes, check for
leaks, check tires, repair as needed. This equipment include: forklift, bobcat, scrubbers,
sweepers, and Zamboni.
• Maintain all electrical supply panels, wiring and receptacles.
• Plumbing maintenance and repair.
• Lighting maintenance and repair.
• Fire extinguisher upkeep and maintenance -visual inspection, re-charging, recert~cation
and maintenance of fire cabinets.
• Janitorial equipment maintenance and repair including: leaf blowers, vacuums, power
washers, extractors, etc.
• Miscellaneous equipment maintenance including:
• Refrigerators
• Ice makers
• Doors, locks and panic devices
• Toilets
• Roll-up doors
• Elevator
• Page 4
SMG staff has created and maintained a Safety Committee to monitor and evaluate obvious and
potential safety hazards throughout the building as well as developing new ideas about keeping the
Five Flags Center a safe environment for employees and guests. Staff from every department meets
on a monthly basis to discuss these issues and to allocate the responsibilities for the agreed upon
solutions.
' In February 2006, Marsh USA Inc. conducted an Event Safety Assessment-focusing on General
Liability Risk Control -and Five Flags' safety practices ranked in the ninety fourth. percentile.
' Event Management:
To provide a range of services to Five Flags Center's clients and to ensure the successful completion
of their events, SMG utilizes atwo-prong system which includes an Event Manager to handle "front-
of-house" needs and a Technical Director to handle "back-of-house" needs. In an effort to provide
feedback and improve our services; SMG queries promoter reps and show management officials to
detail their experiences and suggestions for improvements.
Staffing/Security
Ushers, Ticket Takers, and Event Security personnel all work in-house directly for SMG. This allows
SMG to have better control of the staff, improves customer service standards, and reduces costs.
SMG utilizes the services of the City of Dubuque's Fire Department to provide medical services at
events. SMG also works with off-duty local law enforcement authorities to provide a safe and secure
environment for patrons attending our events.
In addition, SMG has in place a comprehensive Emergency Plan that has been updated and
reviewed by Dubuque's Fire Marshal to better serve the needs of the facility and to implement the
most current strategies to ensure the safety of the facility's guests.
' Training
SMG conducts an annual Emergency Evacuation Drill for all event personnel including training all
event personnel on emergency procedures. In addition, SMG provides ongoing customer service
training to all staff to ensure our staff is performing to the highest quality standards and that the staff
is apprised of the most up-to-date information available regarding the customer service industry.
Training remains ongoing and is included as a budgetary priority.
Sales and Marketin Efforts:
9
' SMG has established a $30,000 marketing fund which shall be used by SMG to attract
events to the Five Flags Center. Also, through trade agreements and promotional relationships with
a growing number of media outlets, the Five Flags Center is able to market itself and specific events
with minimal expenditure of departmental budget dollars.
• Page 5
Having established the various sales opportunities for the Five Flags Center and created the
necessary collateral, the department has begun to make contacts in the community to secure sales
of venue signage and develop mutually beneficial sponsorship opportunities. Direct mail and
personal sales calls are the main points of contact.
Event specific advertising is primarily executed by event promoters with SMG Marketing
' handling mostly local print and cable media and local public relations efforts.
A website (www.fiveflagscenter.com) was launched in June of 2005 including an e-mail
database and event newsletter for those interested in Five Flags Center event activity via email. The
website, built and hosted by Parks Media Group, provides visitors with information on the facility,
tickets, events and more. Staff has also created a quarterly events brochure and identified local
' distribution outlets.
Accounting and Box Office:
' ~ In Fiscal Year 2006 SMG added the position of Box Office Manager to the payroll to handle
all of the Box Office duties as well as to assist the Senior Accounting Manager with assorted
' accounting responsibilities. In 2007, management will assign payroll and accounts payable
responsibilities to the job description of the Box Office Manager, furthering a division of duties.
SMG implemented the use of ticket scanners throughout the facility in the summer of 2007.
This system expedited the process of checking tickets and processing patrons at the entrances. The
Ticket Master Access Manager System that is used in conjunction with the scanners and Ticket
Master's Mail Manager software are two very powerful tools that have allowed the Center to generate
detailed reports for clients to assist them in their marketing efforts.
Management successfully negotiated a lease agreement to provide an ATM machine for the
convenience of the Center's guests. Cash availability is a standard customer convenience that
increases ticket sales and generates stronger concessions revenues.
The Accounting Department is responsible for Human Resources, Payroll, Purchasing, Box
Office Operations, Accounts Payables, Accounts Receivables, Financial Reporting, Event
Settlements and Budget Administration.
Concessions:
1 Five Flags has just completed its second year of operations with the newly renovated and
expanded concessions facilities. The Center has seen marked improvement in revenue-based
performance due to an expanded menu and internal controls implemented this year. SMG expects
this trend to continue as we look to expand and refine the choices available to our guests.
' The concessions department provided a variety of catering options for the Thunderbirds to
sell in marketing packages to groups. The department will continue to work with the Thunderbirds to
' refine the product to make it a more successful revenue stream for both parties.
Concessions are a major source of revenue for the facility and must operate not only to
provide a high quality of products and services to our guests, but must return a substantial margin of
profd to the overall bottom line for the complex.
• Page 6
1
Five Flags Center INCOME STATEMENT
For The Year Ending June 30, 2008
Description
# of Events
Attendance
Event Income
Ticket Income
Rental Income
Reimbursed Exp
Event Expenses
Talent Fees
Direct Event Income
Ancillary Income
Suite Ticket Sales
Club Seat Ticket Sales
Suite/Club Rentals
Concessions/Catering
Novelties
Ticket Rebates
Facility Fee
Other Event Revenue
Other Ancillary Income
Parking
Total Ancillary
Total Event Income
Other Operating Income
Advertising
Interest
Ice Rentals
Other Income
Total Other Income
Adjusted Gross Income
Indirect Expenses
Executive
Finance
Marketing
Operations
Box Office
Events
Concessions
Overhead
Total Indirect Expenses
I Net Operating Income/(Loss)
Other Expenses
Management Fee /FF&E /Taxes
' Total Other Expenses
NeY Income/(Loss)
Total Actnal Actual vs. Budget
Budget Budget Estimate 12 Mos Ended Variance
2008 2007 6/30/2007 6/30/2006 Fav/(Unfav)
123 114 142 16U (`J)
87,595 79,770 85,646 104,502 (7,825)
54,197 52,724 61,353 (1,473)
220,360 219,900 197,684 265,885 (460)
214,991 219,310 186,361 4,319
(329,120) (369,1]2) (300,745) (80,635) (39,992)
- 0
160,428 122,822 144,653 185,250 (37,606)
0
0
0
241,391 194,071 150,410 138,596 (47,320)
15,081 8,644 12,782 9,127 (6,437)
6,211 5,622 9,808 7,734 (589)
59,550 64,545 61,031 68,493 4,995
0
- 0
- 0
322,234 272,882 234,031 223,950 (49,352)
482,662 395,704 378,684 409,200 (86,958)
.27,050 10,850 15,850 4,670 (16,200)
- 0
- 0
0
100 100 100 285 0
- 31,832 0
2,500 2,500 .7,893 6,923 0
0
29,650 13,450 23,843 43,710 (16,200)
512,312 409,154 402,527 452,910 (103,158)
197,758 139,520 139,519 224,177 (58,238)
68,683 60,793 60,793 83,545 (7,890)
12,513 6,250 10,876 29,724 (6,263)
236,364 344,723 137,445 227,393 108,359
75,657 52,529 62,756 44,700 (23,128)
169,059 195,600 68,850 (169,059)
62,787 57,050 43,048 (62,787)
355,276 367,914 398,160 289,892 12,638
1,178,097 971,729 1,062,199 1,0]1,329 (206,368)
(665,786) (562,575) (659,672) (558,419) (309,526)
82,272 79,335 80,338 77,190 (2,937)
82,272 79,335 80,338 77,190 (2,937)
($748,058) ($64],910) ($740,010) ($635,609) (306,589)
7
i s: i i i i i i i i a a s a s a ~ .~ ~
Five Flags Center
MONTHLY SUMMARY BUDGET
Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-O8 Feb-08 Mar-08 Apr-08 May-08 Jun-08 6!30/2008
Number of Events 3 4 9 9 13 25 14 18 12 6 8 3 124
Attendance 2,548 3,385 6,748 5,335 11,210 13,354 10,470 14,263 6,403 3,917 7,963 2,000 87,595
TICKETING - - - - - - -
Gross Ticket Sales 52,400 84,375 51,500 69,950 149,900 222,200 152,250 151,950 70,150 105,800 68,850 23,700 1,203,025
Sales Tax (3,428) (5,520) (1,308) (2,515) (7,746) (9,406) (9,960) (7,880) (2,529) (4,861) (4,504) (1,550) (61,207)
Tenant Receipts (44,564) (73,335) (50,192) (67,607) (118,764) (199,610) (145,523) (141,283) (67,995) (94,879) (61,717) (22,150) (1,087,620)
DIRECT EVENT INCOME - - - - - - - - -
Rentallncome 5,500 2,100 19,375 26,900 29,900 32,200 32,050 34,700 20,885 3,000 11,650 2,100 220,360
Reimbursed Expenses 10,650 17,950 10,800 9,575 10,250 27,975 23,575 36,315 17,050 20,900 22,126 7,825 214,991
Actual Expenses (15,763) (15,860) (21,570) (17,828) (46,758) (51,180) (36,689) (55,851) (24,273) (18,980) (17,304) (7,063) (329,120)
Total Direct Event Income 4,794 9,710 8,605 18,474 16,782 22,179 15,702 17,951 13,288 10,980 19,100 2,862 160,428
ANCILLARY INCOME - - - - - - - - - -
Suite Ticket Sales - - - - - - - - - -
Club Seat Ticket Sales - - - - - - - - -
Food & Beverage 12,398 8,051 22,158 16,988 29,016 33,323 39,111 38,788 18,562 12,405 5,993 4,600 241,391
Novelties 2,322 506 - 65 3,696 1,089 2,022 3,007 - 2,375 - - 15,081
Ticketmaster Rebate 308 464 77 176 944 641 728 303 621 500 .193 193 5,146
Gross Facility Fee .2,600 5,150 4,900 6,000 10,350 6,250 6,900 3,900 4,265 3,850 2,600 3,850 80,615
Premium Seating Upcharge - - - - - - -
Parking - - - - - - - -
TOTAL ANCILLARY 17,628 14,171 27,135 23,228 44,005 41,303 48,761 45,998 23,447 19,129 8,785 8,643 322,234
TOTAL EVENT INCOME 22,422 23,880 35,740 41,702 60,787 63,482 64,464 63,949 36,735 30,110 27,885 11,505 482,662
8
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OTHER INCOME
Budgets
2008 2007 Difference
Advertising 27,050 10,850 16,200
TicketMaster Rebates - -
Facility Fee - -
Interest Income 100 100 -
Ice Rentals - -
Other Income ' 2,500 2,500 -
Total Other Income
29,650 13,450 16,200
9
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
INDIRECT EXPENSE SUMMARY
Salaries -Administrative (addendum A)
Part Time -Administrative
Wages -Trade (addendum B)
Wages -Contracted
Taxes & Benefits
Net Labor Costs
Contracted Cleaning
Other Contracted Services
Contracted Lawn Service
Travel
Meetings & Confrrences
Employee Training
Dues & Subscriptions
Misc Expense
Computer Expenses
Professional Fees
Printing & Photography
Marketing & Advertising
Box Office Expense
Resource Materials
Small equipment
Vehicle Maintenance
Architect Design Fees
Trash Removal
Landscaping
Snow Removal
Exterminating
Cleaning
Safety Equipment
Repairs & Maintenance
Uniforms
Supplies
Bad Debt Expense
Office Supplies & Postage
Telephone/Long Distance
Pazking Expense
Insurance
Licenses & Fees
Utilities
Equipment Rental
Bank Service Charges
FF&E Expense
Labor Allocation
Management Fee
Relocation Expense
Net Materials & Services
Total Indirect Expenses
Box Other 2007 2006
Executive Finance Mkt Office FBrB Events s Overhead Ex nses Totals Bud et Difference Actuals Difference
137,079 49,884 - 30,000 28,644 !14,342 127,982 - 487,932 453,059 34,873 421,004 86,928
- 32,085 35,828 64,644 117,219 - 249,775 16,995 232,780 230,436 19,339
- - 128,087 (128,087) -
46,724 12,699 12,853 13,038 29,858 59,146 - 174,317 115,127 59,190 194,620 20,303
183,803 62,583 - 74,938 77,510 208,844 304,347 912,025 713,268 198,757 846,060 65,985
8,300 15,700 5,249 23,250 52,499 34,774 17,725 1,825 50,674
- - - - - - 1,200 1,200 3,000 (1,800) 6,945 (5,745)
2,700 750 250 2,000 750 780 - 7,230 2,500 4,730 1,965 5,285
3,200 240 - 3,440 1,000 2,440 955 2,485
545 200 439 250 120 - 1,554 500 1,054 378 1,178
500 7,268 7,768 1,570 6,198 9,969 (2,201)
- - - 680 750 7,024 8,454 3,500 4,954 21,001 (12,547)
- - - 2,230 - - 2,230 905 1,325 2,230
- - 2,500 - - - 2,500 1,000 1,500 2,500
- - 7,920 - - 500 8,420 7,070 1,350 29,724 (21,304)
3,300 3,300 2,750 550 4,748 (1,448)
600 600 600 1,158 (558)
- - - 1,500 (1,500) -
2,000 2,000 2,000 - 2,000
- - - - - - - 3,800 (3,800) 3,837 (3,837)
350 350 350 - 261 89
- - 350 (350) 214 (214)
1,000 - 1,000 250 750 4,459 (3,459)
- - - - 2,475 4,000 10,994 - 17,469 23,800 (6,331) 17,460 9
200 200 350 2,142 2,892 2,892 2,892
- - - 2,500 25,703 28,203 23,050 5,153 39,381 (11,178)
450 - 1,404 500 265 - 7,000 9,619 6,300 3,319 11,017 (1,398)
840 - - - 12,254 13,094 12,050 1,044 11,550 1,544
420 - 420 1,000 (580) 1,837 (1,417)
- - - - - 32,224 32,224 65,950 (33,726) 54,411 (22,187)
1,200 1,200 1,200 3,487 (2,287)
- - - - - 252,696 252,696 235,750 16,946 192,283 80,413
- - - - - 1,500 1,500 1,350 150 180 1,320
- - - - - 1,200 1,200 1,550 (350) 605 595
9,000 1,950 1,250 6,300 5,300 S,I50 - 28,950 2,695 26,255 919 28,031
(6,781) (35,983) (69,315) (121,221) (233,300) (181,854) (51,446) (264,861) 31,561
- - - - - 82,272 82,272 79,335 2,937 77,190 5,082
7,360 7,360 7,360 4,702 2,658
13,955 6,100 12,513 719 14,723 39,785 67,983 355,276 82,272 348,345 337,795 10,550 237,600 110,745
197,758 68,683 12,513 75,657 62,787 169,059 236,364 355,276 82,272 1,260,369 1,051,063 209,306 1,083,660 176,709
10
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
EXECUTIVE DEPARTMENT
Salaries & Benefits:
Administrative Salaries
Wages -Part Time
Performance Bonuses
Automobile
Payroll Taxes
Employee Benefits
401 K
Other Expenses:
Office Supplies
Meetings & Conferences
Dues & Subscriptions
Telephone
FF&E
Parking
Total Executive Department
Budgets
2008 2007 Difference
113,411 94,759 18,652
18,618 13,993 4,625
5,050 5,000 50
9,485 9,087 398
32,551 12,019 20,532
4,688 1,474 3,214
183,803 47,471
450 450
2,700 1,000 1,700
545 389 156
840 1,800 (960)
9,000 9,000
420
197,758 3,189 57,817
11
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
EXECUTIVE DEPARTMENT
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES-
ADMINISTRATNE See Addendum A 113,411
l 13,41 ]
WAGES- See Addendum A
PART TIME
PERFORMANCE See Addendum A 18,618
BONUSES
18,618
AUTOMOBILE See Addendum A 5,050
5,050
PAYROLL TAXES See Addendum A 9,485
9,485
EMPLOYEE See Addendum A 32,551
BENEFITS
32,551
401 K See Addendum A 4,688
4,688
PARKING EXPENSE 420
420
OFFICE SUPPLIES 200
POSTAGE 250
450
SMG Corp. Annual Meeting
MEETINGS & Regional Meetings 500
CONFERENCES IAAM Annual Meeting 1,200
IEBA 1,000 2,700
IAAM Annual Dues 345
DUES & Billboard
SUBSCRIPTIONS Pollstar
Sports Business Journal
Roto 200 545
TELEPHONE Cell Phones 840
840
FF&E Copier/Fax/Printer
I ntranet 9,000 9,000
TOTAL EXECUTIVE 197,758
12
SMG
FIVE FLAGS CENTER
' BUDGET - FYE 6/30/2008
FINANCE DEPARTMENT
Budgets
' 2008 2007 Difference
Salaries & Benefits:
Administrative Salaries
Performance Bonuses 49,884 47,509 2,375
Automobile - -
Payroll Taxes 4,053 3,872 181
Employee Benefits 6,651 3,494 3,157
401K 1,995 4,418 (2,423)
62,583 3,290
Other Expenses:
Payroll Processing - -
' Meetings & Conferences 750 1,500 (750)
Employee Training 3,200 3,200
' .Dues & Subscriptions
Printing 200 200
FF&E 1,950 1,950
Audit Fees - - -
Total Finance De artment
P 68 683 1 500 7 890
,
-
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5MG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
FINANCE DEPARTMENT
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES-
ADMINISTRATIVE See Addendum A 49,884
49,884
PERFORMANCE BONUSES See Addendum A -
AUTOMOBILE See Addendum A -
PAYROLL TAXES See Addendum A 4,053
4,053
EMPLOYEE See Addendum A 6,651
BENEFITS
6,651
401 K See Addendum A ] ,995
1,995
OTHER CONTRACT ED Armoured Car
SERVICES -
MEETINGS & SMG ANNUAL MEETING
CONFERENCES PAYROLL TRAINING
HR Meetin 750 750
EMPLOYEE Customer Service 3,200
TRAINING
3,200
DUES & Misc. 200
SUBSCRIPTIONS
200
PRINTING Misc.
Secure Storage (Gate F) 450
Peachtree Upgrade 900
FF&E Office Chair 500
Compliance Posters 100 1,950
ANNUAL AUDIT
FEES
TOTAL FINANCE 68,683
14
SMG
' FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
' MARKETING/SALES DEPARTMENTS
' Budgets
2008 2007 Difference
' Salaries & Benefits:
Administrative Salaries - -
' Bonus
Automobile = _
Payroll Taxes - -
' Employee Benefits - -
401 K - -
- -
Other Expenses:
Travel & Entertainment - -
Meetings & Conferences 250 250
Dues & Subscriptions 439 439
' Printing 2,500 2,500
Photography - -
Advertising 3,000 2,500 500
Other Contracted Services 1,320 250 1,070
Postage 504 500 4
' Office Supplies 900 900
Promotions 3,600 3,000 600
' Total Marketing 12,513 6,250 6,263
15
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
MARKETING/SALES DEPARTMENTS
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES-
ADMINISTRATNE See Addendum A -
BONUS See Addendum A _
AUTOMOBILE See Addendum A -
PAYROLL TAXES See Addendum A -
EMPLOYEE See Addendum A -
BENEFITS
401K See Addendum A -
TRAVEL Local Travel
staff travel _
MEALS &
ENTERTAINMENT
MEETINGS & NICC Professional Development 250
CONFERENCES
250
Travel & Lodging
DUES & Rotory 250
SUBSCRIPTIONS Chamber of Commerce 189
Misc. 439
PRINTING Brochures 900
Event Flyers/Calendars
Misc=notepads,media kits,presentation Nutcracker programs 800
folders, uction uides Misc. Printin 800 2,500
$Crapb00kS Pa Evrnt Toul
PHOTOGRAPHY Film Exp.
Processing
Facility Image Shots
Framin
Creative/Agency Fees
ADVERTISING Mailing Lists
National Trades - (Pollstar, AB, Facilities)
Program Ads
Other 3,000 3,000
Newsclip service
OTHER CONTRACTED Website Maintenance 1,320
SERVICES Video Production 1,320
POSTAGE Misc. 504
504
SUPPLIES Office 900
900
PROMOTIONS 3,600
3,600
TOTAL MARKETING 12,513
16
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
EVENTS DEPARTMENT
Budgets
2008 2007 Difference
Salaries & Benefits:
Administrative Salaries 114,342 114,342
Part-Time Salaries 64,644 64,644
Automobile - -
Payroll Taxes 14,869 14,869
Employee Benefits 10,073 10,073
401 K 4,917 4,917
208,844 208,844
Other Expenses:
Travel & Entertairunent
Employee Training 300 300
Electrical Systems 1,000 1,000
Uniforms 350 350
Computer Supplies 680 680
Rigging Maintenance 4,000 4,000
Other Contracted Services 15,700 15,700
Safety Equipment 1,000 1,000
Operational Supplies 2,500 2,500
FF&E 5,300 5,300
Total Marketing 239,674 - 239,674
17
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
EVENTS DEPARTMENT
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES-
ADMINISTRATNE See Addendum A 114,342
114,342
SALARIES- See Addendum B 64,644
PART-TIME 64,644
See Addendum A -
PAYROLL TAXES See Addendum A 9,215
See Addendum B 5,653 14,869
EMPLOYEE See Addendum A 10,073
BENEFITS See Addendum B
10,073
401K ~ See Addendum A 4,917
4,917
TRAVEL _
MEALS &
ENTERTAINMENT
EMPLOYEE TRAINING 300
300
ELECTRICAL SYSTEMS 1,000
1,000
UNIFORMS Stage 150
Events 200
350
COMPUTER SUPPLIES
Misc 500
Remote Computer
Access 180 680
MAINTENANCE Rigging 4,000
4,000
OTHER CONTRACTED 15,700
SERVICES 15,700
SAFETY EQUIPMENT 1,000
1,000
OPERATIONAL SUPPLIES 2,500
2,500
Head sets/Belt packs 2,000
FF&E Remote Focus Unit 1,500
AutoCad 1,200
/ Sidewalk Si s 600 5,300
TOTAL MARKETING 239,674
18
' SMG
FIVE FLAGS CENTER
' BUDGET - FYE 6/30/2008
OPERATIONS DEPARTMENT
Salaries & Benefits:
Administrative Salaries
Bonus
Wages -Trade
Wages - Maint Mechanics
' Wages -Concessions
Wages - Housekeep & Event Staff
Wages -Security
' Automobile
Payroll Taxes
Contracted Cleaning
' Employee Benefits
401 K
Total Salaries & Benefits
' Other Expenses:
Travel & Entertainment
Meetings & Conferences
Dues & Subscriptions
Employee Training
' Computer Expense
Printing Expense
Advertising
' Small Equipment
Telephone
Vehicle Maintenance
Equipment Rental
Other Professional Fees
Trash Removal
Landscaping
Snow Removal
Exterminating
' Cleaning
Safety Equipment
Repairs & Maintenance
Supplies
Uniforms
FF&E
Total Other Expenses
Total Operations Expenses
Bud ets
2008 2007 Difference
127,982 266,049 (138,067)
110,683 19,877 90,806
6,536 2,575 3,961
20,250 32,896 (12,646)
5,249 5,249
36,070 31,404 4,666.
2,826 10,190 (7,364)
309,596 362,991 (53,395)
750 (750)
780 500 280
120 111 9
- 1,000 (1,000)
750 1,000 (250)
- 750 (750)
2,000 2,000 -
- 250 (250)
- 3,800 (3,800)
350 350 -
- 350 (350)
- 250 (250)
10,994 23,800 (12,806)
25,703 23,050 2,653
2,142
5,150
47,989 57,961 (17,264)
357,585 420,952 (70,659)
Repairs & Maintenance Detail
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OPERATIONS DEPARTMENT
Bud ets
2008 2007 Difference
General Building Repairs 3,168 1,700 1,468
Electrical systems - 2,500 (2,500)
HVAC .Systems 220 1,000 (780)
Machinery & Equipment 5,947 8,000 (2,053)
Ice Plant Maintenance - 250 (250)
Mechanical systems - 750 (750)
Scoreboard - 250 (250)
Elevator/Escalator 1,539 2,000 (461)
Maintenance Agreements - 3,350 (3,350)
Seat Repairs - 250 (250)
Telecommunications Equip - 750 (750)
Theatrical Repairs - 750 (750)
Audio Visual Repairs - 500 (500)
Computer Equipment - 750 (750)
Other Repairs & Maintenance 120 1,000 (880)
Total Repairs & Maintenance 10,994 23,800 (12,806)
Supplies Detail
General Building 17,000 500 16,500
Audio Visual 1,200 1,000 200
Bulbs & Lamps - 1,250 (1,250)
Carpentry - -
Electrical - 250 (250)
Chemicals - 2,200 (2,200)
HVAC - 300 (300)
Janitorial - 8,000 (8,000)
Fuel/Propane 2,463 3,000 (537)
Doors/Chairs - 250 (250)
Laundry - 100 (100)
Parts -Machinery & Equipment - 750 (750)
Ice Plant Supplies - 250 (250)
First Aid/Safety - 500 (500)
Paint - -
Ice Paint 2,104 1,500 604
Signage 2,036 2,036
Uniforms 400 1,742
Security - 250 (250)
Small Tools 900 750 150
Telecommunications Supplies - 750 (750)
Theatrical Supplies - 750 (750)
Glass Supplies - -
Plumbing - 300 (300)
Tota] Supplies 25,703 23,050 4,795
20
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OPERATIONS DEPARTMENT -SALARY & BENEFITS
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES- See Addendum A
ADMINISTRATIVE (Salaried Employees) 127,982
127,982
BONUS See Addendum A -
WAGES- Electricians -Addendum B
TRADE Engineers - Addendum B -
WAGES - Utility/Maintenance Workers -
MAINT MECHANICS
WAGES- Part Time Labor
CONCESSIONS
WAGES- Housekeeping - Addendum B 110,683
HOUSEKEEPING 110,683
WAGES- SECURITY See Addendum B 6,536
6,536
AUTOMOBILE See Addendum A -
PAYROLL TAXES See Addendum A 10,492
See Addendum B 9,758
20,250
CONTRACTED 5,249
SERVICES
5,249
EMPLOYEE See Addendum A 36,070
BENEFITS See Addendum B
36,070
401 K See Addendum A 2,826
See Addendum B -
2,826
TOTAL OPERATIONS SAL ARY & BENEFITS 309,596
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6!30/2008
OPERATIONS OTHER EXPENSES
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
MILEAGE Misc
TRAVEL &
ENTERTAINMENT Misc.
OSHA Training
MEETINGS & la Zamboni Training 780
CONFERENCES SMG Amual Cotp. Meeting
Misc. Training
Facili Visits (5 visits 780
IAAM OSHA Manuals
DUES & Security Assn. Trade Publications
SUBSCRIPTIONS Asttrae Guides Other Reference Materials 120
NFPA Guides 120
EMPLOYEE TRAINBJG Continuing Eduction
COMPUTER EXPENSE Misc 750 750
PRINTING EXPENSE Misc
ADVERTISING Misc -
FURNITURE/SMALL Misc -
E U[PMENT
TELEPHONES Cell Phones
Forklift Maint. 250
VEHICLE Zambini Maint. 750
MAINTENANCE Bobcat Maim. 750
Misc 250 2,000
EQUIPMENT RENTAL Misc.
OTHER PROFESSIONAL
FEES Misc
TRASH REMOVAL Compactor pulling & Hauling charges Trash Hauling
LANDSCAPING Interior
Exterior
SNOW REMOVAL In-House Sub Contractor
Salt Supplies
Other
E?CTERMBVATRJG 350
350
CLEANING Misc
SAFETY EQUIPMENT Misc
REPAIRS & Per Attached Schedule 10,994
MAINTENANCE
10,994
SUPPLIES Per Attached Schedule 27,845
27,845
Zoll Defibrilator 2,000
FF&E 28" Electric Vacuum
28" battery Powered vacuum 3,150
5,150
OTAL OPERATIONS OTHER EXPENSES 47,989
22
SMG
.FIVE FLAGS CENTER
BUDGET- FYE 6/302008
OPERATIONS -REPAIRS & MAINTENANCE
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
GENERAL BUILDING Door Repairs
REPAIRS Fire Extinguishers
Misc. Small Repairs (Grose and class)
Repairs (Signage)
Wall Paint
Misc 3,168
3,168
ELECTRICAL Changes to system not covered Eyebrow Curtain Control
SYSTEMS under warranty Simplex security controls
Dock levelers power distr.
HVAC SYSTEMS Non-Covered Expenses 220
220
MACHINERY & Cleaning Equipment
EQUIPMENT Vehicles -
Pumps, actuaters & valve repair
Fire Suppression
Other 5,947 5,947
[CE PLANT Misc
MECHANICAL Lifting systems amd riser Building Hydraulics (Misc seals & hoses)
SYSTEMS hydraulics
SCOREBOARD Misc
ELEVATOR /ESCALATOR Misc (Non-covered under main[. Agreement) 1,539
1,539
Chillers
MAINTENANCE Controls
AGREEMENTS Elevators & escalators (Kone)
Generators
Hazardous Materials Removal
Ice Plant
Life Safety & Fire Control (Simplex)
Lighting control equipment
Pool & Spa
Water Trestrnrnt (Water Engineering)
Misc _
Railings
SEAT REPAIRS Permanent seating
Foldin chairs
TELECOMMUNICATIONS Misc
UIPMENT
OFFICE EQUIPMENT REPAIRS Misc.
THEATRICAL REPAIRS Misc
AUDIO VISUAL REPAIRS Misc
COMPUTER EQUIPMENT Misc
Rigging maintenance
OTHER REPAIRS Mazquee
& MAINTENANCE Other. 120
120
TOTAL REPAIR & MAINTENANCE 10,994
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OPERATIONS -SUPPLIES
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
BUILDING Misc. 17,000
17,000
AN SUPPLIES AN Supplies 1,200
1,200
BULBS & LAMPS Ballasts
Bulbs & lamps
CARPENTRY Dry Wall Supplies
Stock wood
Misc
_
ELECTRICAL Bulk wire, cable connectors, etc.
Misc
CHEMICALS Jet Ice Chemicals
Misc. Cleanin Products
_
HVAC Filters - 4 changes per year
Stock bearings & belts _
Misc.
_
JANITORIAL Paper products & Cleaning supplies
FUEUPROPANE Fuel 2,463
2,463
DOOR/CHAIRS Door & Chair Suuplies
LAUNDRY laundry supplies
PARTS- MACHINERY
& E U[PMENT Misc.
ICE PLANT SUPPLIES Misc
FIRST AID/SAFETY Misc
PAINT Misc. Supplies
ICE PAINT Ice Paint 2,104
2, I04
SIGNAGE Misa 2,036
2,036
UNIFORMS Replacement -Event Staff & Ticket office
R lacement-Maintenance & En 'neerin 2,142
2,142
SECURITY Misc
SMALL TOOLS Replacement of tools 900
900
TELECOMMUNICATIONS Telecommunication Supp.
THEATRICAL Theatrical Supplies
GLASS Glass Supllies
PLUMBING Misc.
TOTAL SUPPLIES 27,845
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
' BOX OFFICE DEPARTMENT
Budgets
' 2,008 2,007 Difference
Salaries & Benefits:
' Administrative Salaries 30,000 2S,7SO 4,250
Wages -Part Time 32,085 16,995 IS,090
Payroll Taxes 5,393 2,204 3,189
Employee Benefits 6,259 2,458 3,801
401K 1,200 1,622 (422)
74,938 49,029 25,909
Other Expenses:
Meetings & Conferences 2,000 7S0 1,250
Amwred Car Service - - -
Dues & Subscriptions 2S0 - 2S0
Printing
Uniforms 200
Supplies S00
FF&E 1,250
TicketMaster Fee
Credit Card Charges 3,300 - 3,300
Total Box Office 82,438 49,779 30,709
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
BOX OFFICE DEPARTMENT
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES- See Addendum A 30,000
ADMINISTRATIVE
30,000
WAGES- See Addendum B 32,085
PART TIME
32,085
PAYROLL TAXES See Addendum A 2,529
See Addendum B 2,864 5,393
EMPLOYEE See Addendum A 6,259
BENEFITS See Addendum B
6,259
401K See Addendum A 1,200
1,200
MEETINGS & Box Office Training 2,000
CONFERENCES
2,000
ARMORED CAR included in overhead exp _
SERVICE _
DUES & INTIX 250
SUBSCRIPTIONS Trade Publ.
250
PRINTING Ticket Stock -
UNIFORMS 200
200
OFFICE SUPPLIES 360
COMPUTER SUPPLIES 100
POSTAGE 40
500
Chair 450
FF&E Safe 800
TM MailManager 1,250
TICKETMASTER FEE
CREDIT CARD
CHARGES 3,300
3,300
TOTAL BOX OFFICE 82,438
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
FOOD & BEVERAGE DEPARTMENT
Budgets
2008 2007 Difference
Salaries & Benefits:
Administrative Salaries 28,644 28,644
Part-Time Salaries 35,828 35,828
Automobile - -
Payroll Taxes 5,642 5,642
Employee Benefits 6,249 6,249
401K 1,146 1,146
77,510 77,510
Other Expenses:
Office Supplies 265 265
Meetings & Conferences 750 750
Kitchen Equipment 2,975 2,975
Licenses & Fees 2,230 2,230
Uniforms 200 200
Employee Training 240 240
Other Contracted Services 8,300 8,300
FF&E 6,300 6,300
Total F&B 98,770 - 98,770
98,770
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
FOOD & BEVERAGE DEPARTMENT
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
SALARIES- See Addendum A 28,644
ADMINISTRATIVE
28,644
WAGES- See Addendum B 35,828
PART TIME
35,828
PAYROLL TAXES See Addendum A 2,425
See Addendum B 3,217 5,642
EMPLOYEE See Addendum A 6,249
BENEFITS See Addendum B
6,249
401 K See Addendum A 1,146
1,146
MEETINGS & 750
CONFERENCES
750
OFFICE SUPPLIES 60
COMPUTER SUPPLIES 200
POSTAGE 5 265
KITCHEN EQUIPMENT 500
KITCHEN EQUIPMENT
MAINTENANCE 2,475 2,975
UNIFORMS 200
200
EMPLOYEE TRAINING 240
240
LICENSES & FEES 2,230
2,230
OTHER CONTRACTED 8,300
SERVICES 8,300
Anti-Fatigue Mats 1,000
Menu Boazds 2,500
FF&E Cash Registers 1,800
Strw/Napkin Dis ensers 1,000 6,300
TOTAL F&B 98,770
28
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H
To
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Other Contracted Expenses
ank Service Charges
omputer Expense
quipment Rental
Insurance
icenses & Fees
orporate Travel
elocution Expense
ues & Subscriptions
Misc Expense
rofessional Fees
rinting & Stationary
dvertising
mall Equipment
ffice Supplies
ostage
elephone/Long Distance
esource Materials
romoter Incentives
lectricity
eating Fuel
Water & Sewage
Waste Removal
tal Overhead
SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OVERHEAD DEPARTMENT
Budgets
2008 2007 Difference
23,250 34774 (11,524)
1,200 550 650
7,024 -2,500 4,524
1,500 1,350 150
32,224 65,950 (33,726)
1,200 1,000 200
1,200 500 700
7,360 S00 6,860
7,268 1,570 5,698
- 655 (655)'
- ~ 1,000 (1,000)
500 1,320 (820)
- 750 (750)
7,000 5,000 2,000
- 800 (800)
12,254 11,200 1,054
600 600
166,525 125,000 41,525
81,569 110,000 (28,431)
402 750 (348)
4,200 4,200
355,276 330,395 (9,893)
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OVERHEAD DEPARTMENT
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
OTHER CONTRACTED Gil Spence Wags 23,250
EXPENSES Other Expenses
23,250
BANK SERVICE 1,200
CHARGES
1,200
COMPUTER Mediacom 3,624
EXPENSE Misc
Event Bookie 3,400 7,024
EQUIPMENT RENTAL Office EquipmenUPostage Mtter/Misc 1,000
Copier 500
Forklift 1,500
INSURANCE SMG Policies:
Commercial General Liabilty 10,717
Professional Liability 3,986
Boikr 1,239
Long Term Disability (sa depts)
Workers Cortq (Event Labor)
Property & Other 14,404
F&B Liability Irrcunance 1,878
32,224
LICENSES & FEES Mist 1,200
1,200
CORPORATE Corporate Travel 1,200
TRAVEL
1,200
RELOCATION
EXPENSE Joyce White 7,360 7,360
Amortized over 3
DUES &
SUBSCRIPTIONS Misc
Empkrya Party
MISC EXPENSE Armored Car BSO
Weer 113
Payroll Processing - 5,585
Checks 720 7,268
PROFESSIONAL Legal -Litigation _
FEES Armual Audit
PRINTfNG & Other general needs
STATIONARY Stazionary, envebpes, labels
ADVERTISING Job Postings 500 500
SMALL EQUIPMENT Misc.
OFFICE SUPPWES Office Supplies 7,OOp
7,000
RESOURCE MATERIALS Epp
600
TEI.EPHONFJ l,ocal/I.ong Distance 12,254
LONG DISTANCE
12,254
ELECTRICITY 166,525
166,525
HEATMG FUEL ( OiFGas/Steam) 81,569
81,569
WATER & SEWAGE 402
402
WASTE REMOVAL 4,200 4,200
TOTAL OVERHEAD
355,276
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SMG
FIVE FLAGS CENTER
BUDGET - FYE 6/30/2008
OTHER EXPENSES
Budgets _
2008 2007 Difference
Rent
Management Fee 82,272 79,335 2,937
FF&E Expenses - 2,695 (2,695)
Taxes - 2,500 (2,500)
Total Other Expenses 82,272 84,530 (2,258)
31
SMG
FIVE FLAG5 CENTER
' BUDGET - FYE 6/30/2008
OTHER EXPENSES
ACCOUNT TITLE ACCOUNT DESCRIPTION ITEMIZED AMOUNTS BUDGET
RENT
MANAGEMENT FEE Fixed Fee
CPI Percentage Increase per
Management Agreement 82,272
2,272
FF&E EXPENSES
TAXES
INTEREST EXPENSE
TOTAL OTHER EXPENSES 82,272
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Five Flags Center Addendum A
FYE 6/30/2008
Administrative Salaries & Benefit Bud et Summa
De t Name Title Salary Benefits Taxes 401K Auto Bonus Totai
Executive
General Manager 84,628 17,461 7,049 3,537 5,050 18,618 136,343
Administrative Asst 28,782 15,091 2,436 1,151 47,460
Receptionist - - - - -
Subtotal Executive 113,411 32,551 9,485 4,688 5,050 18,618 183,803
Finance
Director ofFinance - - - - -
Accounting Manager 49,884 6,651 4,053 1,995 - 62,583
P/R Clerk - - - - - -
Subtotal Finance 49,884 6,651 A,053 1,995 - - 62,583
Marketing
Director ofMarketing - - - - - -
Marketing Manager - - - - - -
Director ofSales - - - - - -
Sales Manager - - - - - -
Subtotal Marketing - - - - - -
Operations
Operations Manager 57,329 14,469 4,619 - - - 76,418
Operations Supervisor 40,438 15,319 3,327 1,618 60,703
Housekeeeping/Set-UpSvsr 30,215 6,281 2,545 1,209 40,250
Subtotal Operations 127,982 36,070 10,492 2,826 - - 177,370
Event Services
Event Services Manager 61,030 6,868 4,903 2,441 75,242
Technical Director 57,329 15,975 4,619 2,293 80,216
Concessions Manager 28,644 6,249 2,425 1,146 38,464
Subtotal Event Services 147,003 29,092 11,948 5,880 - - 193,923
Box Office
Box Office Manager 30,000 6,259 2,529 1,200 39,989
Ticket Sellers (FT) - - - - -
Ticket Sellers (PT) - - - - -
Subtotal Boxoffice 30,000 6,259 2,529 1,200 - - 39,989
Total All Departments 468,281 110,623
~~ . 38,507 16,590 5,050 18,618 657,668
Trades
Total
0 0 0
468,281 110,623 38,507
0 0
16,590 5,050 18,618 657,668
33
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Five Flags Center Addendum A
FYE 6/30/2008
Administative Salaries
Current 6/30/2008 6/30/2008
Base Budgeted % Budgeted
De t Name Title Sala Increase Increase Sala
Executive
General Manager 82,969 1,659 2.0% 84,628
Administrative Asst 27,809 973 3.5% 28,782
Receptionist -
Subtotal Executive 110,778 2,633 2.38% 113,411
Finance
Director of Finance - -
Accounting Manager 47,509 2,375 5.00% 49,884
P/R Clerk - - -
Subtotal Finance 47,509 2,375 5.00% 49,884
Marketing
Director of Marketing - -
Marketing Manager - -
Director of Sales - -
Sales Manager -
Subtotal Marketing - - -
Operations
Operations Manager 55,659 1,670 3.0% 57,329
Operations Supervisor 38,883 1,555 4.0% 40,438
Housekeeping/Set-Up Svsr 29,335 880 3.0% 30,215
Subtotal Operations 123,877 4,105 3.31% 127,982
Event Services
Event Services Manager
58,683
2,347
4.0%
61,030
Technical Director 55,659 1,670 3.0% 57,329
Concessions Manager 27,810 834 3.0°l0 28,644
Subtotal Event Services 142,152 4,851 3.41% 147,003
Box Office
Box Office Manager 25,750 4,250 16.5% 30,000
Ticket Sellers (FT)
Ticket Sellers (PT) - -
Subtotal Box-Office 25,750 4,250 16.50% 30,000
Total All Departments 450,066 18,215 4.05% 468,281
34
Five Flags Center Addendum B
FYE 6/30/08
Part-Time Wa es & Benefit Bud et Summary
Reg. OT Avg.
De t Name Hours Hours Rate Salary Benefits Taxes 401k Total
Electricians
Open salary - - _ _ _
salary - - _ _ _
Subtotal Electricians _ _ _ _ _
Box Office
Supervisor 1,379 - $ 12.00 16,548 202 1,473 18,222
Ticket Sellers 1,404 $ 10.08 14,152 173 1,264 15,589
Ticket Sellers 141 - $ 9.82 1,385 17 127 1,529
Subtotal Engineers 32,085 391 2,864 - 35,341
Security Guards
Open (Security Manager) salary - - _ _ _
Security Guards 616 $ 10.61 6,536 80 600 7,216
Subtotal Security 6,536 80 600 - 7,216
Concessions
Supervisor 812 - $ 12.00 9,744 119 881 10,744
Bartender 1,190 $ 9.52 11,329 138 1,019 12,486
Stand Worker 1,696 $ 8.70 14,755 180 1,317 - 16,252
Subtotal Utility 35,828 437 3,217 - 39,482
Janitors/Custodial
Crew Chief 1,638 $ 11.00 18,018 220 1,600 19,838
House Crew 6,500 $ 10.00 65,000 793 5,207 - 71,000
Zamboni Operators 2,515 - $ 11.00 27,665 338 2,350 30,353
Subtotal Custodial 110,683 1,350 9,157 - 121,191
Event Staff
House Manager 477 $ 11.50 5,486 67 504 - 6,056
Usher 1,228 $ 8.34 10,242 125 925 - 11,291
Ward 88 $ 18.54 1,632 20 150 - 1,801
Stage Hands 2,871 $ 11.33 32,528 397 2,723 - 35,648
Stage Hands 532 $ 10.30 5,480 67 503 - 6,050
Stage Hands 832 $ 9.27 7,713 94 705 - 8,512
Riggers 97 $ 12.88 1,249 15 115 - 1,379
Union Riggers 8 $ 39.40 315 4 29 - 348
Subtotal Casual 64,644 789 5,653 - 71,086
Total Operations Labor 249,775 3,047 21,492 - 274,315
274, 315
35
Five Flags Center
Addendum C
EVENT SUMMARY Public Jim City Paul Hemmer Family City H.S. College
Concert "A" Concert "B" Concert "C" tce Comed McDonou h Meetln s Swln Band Shows Events Baskeball Rodeo Graduation Graduation
Number of Events 1 1 1 22 1 2 19 ' 1 1 2 1 1 2 1
Attendance 1,548 2,317 2,214 2,200 1,685 1,200 - 500 4,395 - 2,000 3,000 4,000 850
TICKETING
Gross Ticket Sales 52,400 72,050 84,525 7,150 65,625 26,000 - - 75,650 - 10,000 78,000 - -
SatesTax (3,428) (4,714) (5,530) (468) (4,293) (1,701) - - (4,949) - (654) (5,103) - -
Tenant Receipts (44,564) (61,276) (71,886) - (55,812) (24,299) - - (45,956) - (9,346) (72,897) - _
DIRECT EVENT INCOME
Rental Income - - - - 1,000 - 500 - - 2,100 2,750 5,800 2,900
Reimbursed Expenses 7,150 12,100 9,875 - 11,250 4,600 - 876 - 5,200 6,700 9,000 8,500 2,850
Actual Expenses (12,433) (12,150) (1,110) (3,114) (9 500) (3 900) (570) (646} (24 250} (3 600) (6 300) (11 000) (3 593) (2 773)
Total Direct Event Income _ (876} 6,010 15,875 3,568 7 270 1 700 (570) 730 495 1 600 2 500 750 10 707 2 977
ANCILLARY INCOME
Suite Ticket Sales _ _ _ _ _ _ _ _ -
Club Seat Ticket Sates
-
_
_
_
_
_
_
_
_
_ _
Concessions/Catering
9,538
10,677
7,535
2,200
4,091
600
2,090
-
6,593
1,550
4,400 _
15,000
- _
-
Noveities 2,322 2,375 969 - 506 120 - - 3,571 - - _ _
Ticket Rebates 308 424 347 - 289 62 - - 801 - 390 -
Facility Fee 1,600 2,200 2,100 - 1,750 1,300 - - 4,450 - 2,000 3,250 - -
Premium Seating Upcharge - _ _ _ _ _ _ _ _ _ _ _
Parking
_
_
_
_
_
_
_
_
_
_
_
_
_ _
-
TOTAL ANCILLARY 13,768 15,675 10,950 2,200 6,636 2,082 2,090 - 15,414 1,550 6,400 18,640 - -
TOTAL EVENT INCOME 12,892 21,685 28,825 5,768 13,905 3,782 1,520 730 15,910 3,150 8,900 19,390 10,707 2,977
NET INCOME (Per Event) 12,892 21,685 _ 26,825 262 13,905_ 1_,891 80 730 15,910 1,575 8,900 19,390 5,354 2,977
36
~ ~ ~ ~ ~ I~ ~ ~ ! ~ s ~ ~ ~ ~ ~ ~ ~ ~
Five Flags Center
Addendum C
EVENT SUMMARY Thunderbird Misc. Special Iowa Thunderbird Irish DBQ Liplzzanar School Dog
Hocke Ice O m ics Games Pla offs Feis DSO Nutcracker Dance Stallions Musicals FBN Show
Number of Events 28 6 2 1 3 1 7 1 1 1 1 3 1
Attendance 24,220 450 150 4,323 2,700 2,400 5,950 1,900 563 3,160 1,550 900 1,065
TICKETING -
Gross Ticket Sales 140,000 - - - 15,000 - 220,500 41,925 3,850 48,000 23,000 14,850 -
SalesTax (9,159) - - - (981) - - - (252) (3,140) (1,505) (971) -
Tenant Receipts (138,692) - - - (15,000) - (220,500) (41,925) (3,598) (48,000) (21,495) (13,879) -
DIRECT EVENT INCOME - -
Rentallncome 35,000 121,500 3,700 3,350 .3,000 2,600 11,550 - 800 2,200 2,610 - 3,500
Reimbursed Expenses 30,800 - 2,500 4,425 3,300 4,000 16,800 - 1,400 7,800 3,550 3,375 7,800
Actual Expenses (76 860) (19 800) (2,560) (8,400) (8,235) (7,455) (9,975) (17,500) (1,168) (8,800) (2,800) (2,199) (9,790)
Total Direct Event Income (18 910) 101 700 3,640 (625) (2,916) (855) 18,375 (17,500) 1,032 (1,940) 3,360 1,176 1,510
ANCILLARY INCOME
Suite Ticket Sales - - - - - - - - - - - - -
Club Seat Ticket Sales - - - - - - - - - - - - -
ConcessionslCatering 99,960 - 710 5,255 11,130 7,590 476 380 - 8,216 775 2,250 6,059.
Novelties - - - 973 - - - - - 2,022 - - -
Ticket Rebates - - - - 360 - 536 156 - 320 184 54 1,065
Facility Fee 12,000 - - - - - 6,300 1,950 550 3,200 2,300 1,350 -
Premium Seating Upcharge - - - - - - - - - - - - -
Parking - - - - - - - - - - - -
TOTAL ANCILLARY 111,960 - 710. 6,228 11,490 7,590 7,312 2,486 550 13,758 3,259 3,654 7,124
TOTAL EVENT INCOME 93,050 101,700 4,350 5,603 8,574 6,735 25,687 (15,014) 1,582 11,818 6,819 4,830 8,634
NET INCOME (Per Event) 3,323 16,950 2,175 5,603 2,858 6,735 3,870 (15,014) 1,582 11,818 8,619 1,610 8,634
37
Five Flags Center
Addendum C
EVENT SUMMARY Spirit
:om etitioi Concert
D DSO
Arena Po a State Troopers
Concert Wahlert chool Chorale
Jau Band Festival
Theater
Show
Show2 BUDGET
8!30!2008
Number of Events 1 1 1 1 1 1 2 2 1 123
Attendance 925 2,580 850 1,000 650 750 1,000 3,400 1,200 87,595
TICKETING - -
Gross Ticket Sales 5,000 77,050 33,750 - 13,500 2,250 24,200 37,500 31,250 1,203,025
Sales Tax - (5,041) (2,208) - (883) (147) (1,583) (2,453) (2,044) (61,207)
Tenant Receipts - (69,129) (31,542) - (11,481) (2,103) (22,617) (35,047) (26,577) (1,087,620)
DIRECT EVENT INCOME - -
Rentallncome 1,800 - 1,650 5,500 - 1,350 1,000 4,200 - 220,360
Reimbursed Expenses 4,500 15,890 5,000 3,500 1,650 1,200 2,500 13,400 3,500 214,991
Actual Expenses (6 000) (22 510) (5 794) (3 300) (1 360) (1,775) (2,000) (12,600) (3,300) (329,120)
Total Direct Event Income 5 300 (3 740) 856 5 700 1,426 775 1,500 5,000 2,829 160,428
ANCILLARY INCOME -
Suite Ticket Sales - - - - - - - - -
Club Seat Ticket Sales - - - - - - - - - -
Concessions/Catering 2,100 13,075 2,683 2,750 1,780 - 1,250 7,480 3,200 241,391
Novelties - 1,909 - - 65 - 250 - - 15,081
Ticket Rebates - 161 68 - 81 - 132 350 125 6,211
Facility Fee - - 850 1,000 650 750 2,000 6,800 1,200 59,550
Premium Seating Upcharge - - - - - - - - - -
Parking - - - - - - - -
TOTAL ANCILLARY 2,100 15,145 3,600 3,750 2,576 750 3,632 14,630 4,525 322,234
TOTAL EVENT INCOME 7,400 11,405 4,456 9,450 4,001 1,525 5,132 19,630 7,354 482,662
NET INCOME (Per Event) 7,400 11,405 4,458 9,450 4,001 1,525 2,568 9,815 7,354
38