Changes from FY20
Revenue projections reduced significantly due to expected slowdown in activity at the rinks due to COVID-19. Fee revenue is projected at $315,000 - a 48% reduction from FY20. To compensate, the General Fund subsidy to the Rinks Enterprise has been increased to $483,282.
Personal Services costs are down 20% from a reduction in part-time employee usage in the coming year.
Ordinary Maintenance costs projected 8.6% lower based on adjustments to expenditures and the transition of insurance premiums onto the City's plan.
Debt Service costs up slightly based off annual adjustments to principal and interest payments.