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ADOPTED | BUDGET

Aquatic Park Fund FY 2022/2023 Adopted Budget

Revenues / Resources

The FY 2022/2023 adopted revenues in the Aquatic Park Fund are $4,660,284. This is an
increase of $378,10 or 8.8% from the FY 2021/2022 Adopted Budget. Below are the revenue
highlights.

 Attendance and revenue at NRH20 are forecasted to be in line with an average year with
total attendance estimated at 190,000.
 $375,227 increase in combined revenues from Admissions, Food & Beverage, and
Merchandise sales based on forecasted revenue models for FY 2022/2023.
 $8,775 increase in interest income due to cash on hand that is available for investing.

Expenditures

The FY 2022/2023 adopted expenditures in the Aquatic Park Fund are $4,660,284. This is an
increase of $378,810 or 8.8% from the FY 2021/2022 Adopted Budget. Below are the expenditure
highlights.

 $699,006 increase in Debt Service because of the planned debt payments forecasted for
FY 2022/2023.

 ($100,000) decrease to Transfer to Capital Projects resulting from the use of existing
capital projects reserves to cover the annual maintenance project.

 $187,559 increase in salaries due to the competitive job market associated with returning to
Pre-Pandemic activity.
 $113,685 increase in food and beverage expenses anticipated in the coming year.

 $37,432 increase for maintenance and repairs anticipated for FY 2022/2023.
 $36,878 increase in expenses for FY2022/2023 Merit/Market salary adjustment.

Balance

The adopted budget for FY 2022/2023 reflects a balance of $0.

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