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T <br />• T Yi <br />Anticipated Operating Budgets (1st Year) <br />College Football Hall of Fame <br />South Bend's <br />Guess 7/92 <br />Operating Revenue <br />General`Admissions $628,000 <br />Special: Events 65,260 <br />Gift Shop- -Net 170,000 <br />Mail Order- -Net <br />Membership <br />Rental <br />Concessions- -Net 40,000 <br />Total <br />Expenses <br />Personnel <br />Supplies <br />Services <br />Capital Imp. /Maintenance <br />Contingency <br />$903,260 <br />$386,580 <br />24,700 <br />279,900 <br />100,000 <br />for the <br />Economic Research <br />Associates' Guess <br />7/93 <br />$501,670 <br />157,500 <br />385,290 <br />67,426 <br />16,188, <br />15,000 <br />171,781 <br />$1,314,855 <br />$482,233 <br />428,100 <br />157,500 <br />91,801 <br />Total $791,180 $1,159,634 <br />Excess of revenue over exp. $112,080 * $155,221 <br />*ERA's "Total Earned Revenues" is $1 short. <br />Revenue from average attendance (ERA): <br />General $4.20 <br />Events 3.71 <br />Above is a comparison of the recently- released report of <br />Economic Research Associates (ERA) and the estimates made by <br />South Bend's Hall team in July 1992. Note that I have presented <br />the material somewhat differently than ERA did for Year 1 of <br />the accompanying Table 4 -7. The end result is the same. <br />While profits are predicted for all ten years, note the anticipated <br />"New Exhibits Development (Capital Expense)" at the bottom of <br />Table 4 -7. <br />Are these average weekly figures (from ERA) likely to occur? <br />Ne Attendance (total) 3,113 <br />Gift shop- -Net $7409 <br />Mail order- -Net $1297 <br />Food Service- -Net $3303 <br />Concerning the expense, I think it is significantkthat ERA <br />predicts $368,454 more than South Bend anticipated. <br />I would be interested in your reaction to these figures. <br />Jim Cierzniak <br />287 -.0860 <br />