WATERPARKS

Budget & Financial Update - FY 2022 - March

Overview of March 2022

The following graphs summarize some of the key financial indicators for the YTD (through nine months) and the current month.

The waterparks re-opened this summer, but there were still challenges fueled by the pandemic. The month of July was strong, even with lower group admissions due to the pandemic. August saw the impacts of staffing shortages and the resulting curtailed operating hours. Through March, the waterparks have a net income that is $85,467 higher than the budget. Revenues were 7% lower than budgeted but operating expenses were also lower than budgeted (14%) and this was due mostly to lower personnel costs.

The waterparks are closed in March, but expenses start to ramp up at this time to prepare for opening. The net for the waterparks in the month of March was a loss of $36,745, which is right in line with the budgeted loss of $35,049.

The NOVA Parks Waterparks include: Algonkian Volcano Island, Bull Run Atlantis, Cameron Run Great Waves, Pohick Bay Pirate's Cove and Upton Hill Ocean Dunes.

YTD Revenues to YTD Budget


YTD Revenues to % of YTD Budget


YTD Revenues to Annual Budgeted Revenues


The above graph shows YTD revenue compared to revenue budgeted for the total year.

YTD Expenses to YTD Budget


YTD Expenses to % of YTD Budget


YTD Expenses to Annual Budgeted Expenses


The above graph shows YTD expenses compared to expenses budgeted for the total year.


The waterparks are closed in March, but expenses start to ramp up at this time to prepare for opening. The net for the waterparks in the month of March was a loss of $36,745, which is right in line with the budgeted loss of $35,049.

Waterpark Revenues - One Month


Waterpark Expenses - One Month