Amend- Ord.#8648-95, Appropriation Enterprise Funds 1997

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COLLEGE FOOTBALL HALL OF FAME NOTES REVISED EXPENSE BUDGET 1996 VOLUNTEER PROGRAM The volunteer work-force is an important cost saving element of the Hall of Fame. During the first three months of operations, 85 volunteers contributed over 3,200 hours of work for the Hall. Costs for the program include training, travel (seminars and recruiting), shirts (1/2 of the cost subsidized by the volunteers themselves), professional publications and recognition incentives and awards (volunteer dinner, e.g.). ANNUAL UPDATE Gerald Hilferty and Associates (the Exhibit Designer) and Donna Lawrence Productions (Audio Visual Contractor) estimated the annual update of the Hall to be $144,500 and $68,061 respectively. This includes updates for the Hall of Champions, Scholar-Athlete, Pantheon, Bowl Games, National Champions, Hall of Honor, NFF Chapter Exhibit, Training Center, Locker Room, Theme Sculpture and Stadium Theatre. Our budget simply could not afford this amount. We originally budgeted $103,416. We have increased this amount to $130,416 to reflect the actual cost of the update. CAPITAL We originally budgeted $11,700 to purchase backup equipment for the AN department. This was done. Following is a list of additional equipment needed yet in 1996: Decorating of the Conference Room, Office Hallway and Reception Area Press Box Decor Elevator Key Switch High School Walk of Fame transferred from Kings Island Work Station for the Accounting Department Additional Computer for the A/V Department Additional File Cabinets for storage The Press Box lighting and shelving for the Library will be funded through the City Lease Purchase Program. Repayment of these funds will not start until 1997. FINANCING INTEREST EXPENSE The annual budget is based on outstanding principal on the bonds ofi $17,950,000 multiplied by the average variable interest rate which is estimated Page 17