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REGULAR MEETING FEBRUARY 23 2004 <br /> Sponsorships $135,000; Contributions -Public Support$19,916;NFF Endowment-Drawdown <br /> $9,500; Total $877,000; Minus Net Income Per Statement $52,145; Operating loss, as above <br /> $824,855. Mr. Cierzniak noted that the tax money sent to the NFF by the City(Hotel-Motel and <br /> PSDF) accounts for 86% of the operating loss. Mr. Cierzniak stated that he wrote a letter to the <br /> Executive Director of the Hall, Bernie Kish, asking several questions. 1.) Whose funds (City's <br /> or NFF's) provide the investment income for the $70,376 figure at the bottom of the NFF's <br /> statement? 2.) What accounts for the steep decline in PSDF from $323,342 in 2002 to $251,593 <br /> in 2003? Mr. Cierzniak also noted that the biggest achievements for the Hall in 2003 were that <br /> admission income was up $51,074 a 22% increase from 2002. But more, context, 2002 was the <br /> worst year of the five year period from 1998 to 2002. Mr. Cierzniak noted that enshrinement <br /> (net) up almost $40,000 from 2002, Special events (net) up almost $40,000 from 2002. Mr. <br /> Cierzniak indicated that as in last year's report, the NFF does not show how much was spent for <br /> marketing. The Hotel-Motel tax money was to be used for that purpose. Is it? Highly doubtful. <br /> Mr. Cierzniak noted that the attendance for 2003 was 68,378; in 2002 it was 64,815 and that <br /> average ticket price for 2003 was $4.21 and in 2002 it was $3.65. Mr. Cierzniak stated that on <br /> the NFF's statement, there is an error in the total "Variance" figure. <br /> COMMENTS BY MR. JOHN SWANSON CONCERNING CITY WIDE YOUTH CENTER <br /> Mr. John Swanson, 1321 West Washington Street, South Bend, Indiana, informed the Council <br /> that he would like to see a center or gym be built and open twenty-four(24)hours a day. <br /> ANNOUNCEMENT OF NEXT MEETING DATE <br /> Council President White announced that the next meeting of the Common Council will be held <br /> on Monday, March 8, 2004. <br /> ADJOURNMENT <br /> There being no further business to come before the Council, President White adjourned the <br /> meeting at 7:55 p.m. <br /> ATTEST: ATTEST: <br /> _ Alta <br /> ohn •orde, City Clerk Karen L. White, President <br /> • <br /> -16- <br />