2. Woodland Water Park Season UpdatetCity of Kalispell
Post Office Box 1997 - Kalispell, !viontana 599 -1997 - Telephone (1406)758-7700 Fax (406)758-77 79
REPORT TO: Mayor Pam Kennedy and Kalispell City Council
SUBJECT: Woodland Water Park Season Update
MEETING DATE: October 18, 2004
BACK GROUND: Earlier this year, the City Council reviewed a number of
scenarios outlining revenue and expenditure pictures for the Woodland Water Park.
After substantial review the council set fees they felt were very acceptable and affordable
to the community, while at the same time hoping to offset expenditures.
As the first season of Woodland Water Park has come to a close we will be presenting a
power point presentation. report to council with the actual revenue and expenditures for
the June, July and August 2004 season.
This report will provide City Council with actual revenue and expenditures figures for the
opening season based on the fees set last spring. You will find that everyone involved
did a good job of predicting numbers and we came in quite close to the projected figures.
Certain factors such as a cold June, frequent thunderstorms, mechanical and pool start up
costs certainly affect the overall revenue and expenditures figures this first season and
could vary greatly from year to year. This first year is truly a baseline starting point for
the facility. In addition, pool start up, operations, and staff comfort level will be
established and more efficient at the opening of the second season, hopefully resulting is
cost savings in those areas.
RECOMMENDATION: There is still another month (June 2005) in this fiscal year.
Upon completion of fiscal year 04-05, City Council will need to take a hard look at the
revenue so as to determine what the expected revenue stream might be on the facility and
if fees are adequate or if adjustments need to be considered.
FISCAL EFFECTS: The revenue earned for the season (June, July & August
2004) is S 176,750 and expenditures are $237,400. There currently is a difference of
$60,650 between the expenditures and revenue. The Finance department will be
addressing the short fall in the budget with an appropriate amendment. .tune 05 revenue
should offset the expenditures based on the June 04 information. In addition, it is
anticipated that there will be approximately S50,000 remaining in the constyuctiob budget
that can be used for debt reduction on the bond. -1 ;'
Respectfully submitted,
Michael Baker, Director �4Parks
Frank Garner, Interim City Manager
Report Compiled October 13, 2004