Page 60 - NRH FY20 Approved Budget

BUDGET OVERVIEW

Aquatic Park Fund

FY 18/19 Adopted FY 18/19 Revised FY 19/20 Adopted

Revenue $4,568,509 $4,183,593 $4,506,323
Expenditures $4,568,509 $4,183,593 $4,506,323
Balance $0 $0 $0

FY 2018/2019 Revised Budget

Much like the Utility Fund the Aquatic Park Fund is greatly dependent on the weather. To date the
water park has had 18 rain days and 8 suspensions impacting attendance and revenue
collection. Revised revenues are $4,183,593, a decrease of approximately 8.4% from the
adopted budget. Associated revenue for admissions is down $339,922, food and beverage
is down $66,224, merchandise is down $7,000, and rentals are down $8,000.

Based upon attendance estimates, staff reduced expenditures substantially to ensure a positive
year-end balance. Expenses were reduced by $384,916 below the FY 2018/2019 Adopted
Budget.

FY 2019/2020 Adopted Budget

Attendance for the 2020 season at NRH2O is expected to be 210,000 visitors. Total operating
revenues for NRH2O are projected to be $4,506,323 for FY 2019/2020; which is a decrease of
$62,186 from the FY 2018/2019 Adopted Budget. Admission, food and beverage, merchandise,
rentals, and interest income revenue decreases make up the bulk of the decline in overall
revenue.

Projected expenditures include $3,239,052 in operating expenditures, $754,279 for debt service,
and $55,323 in other expenses. There is $100,000 allocated for a Capital Improvement Project
for General Facility Improvements (WP2001). This is a $62,186 or 1.36% reduction in
expenditures when compared to the 2019/2019 Adopted Budget. This fund projects to add
$357,669 to the funds reserves.

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