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FISCAL ANALYSIS <br /> <br />The FY 2004/05 operating budget for tennis anticipates expenses of approximately $259,000, <br />with $225,000 in revenue. If the Council awards the contract to Lifetime Tennis, the City's <br />current expenses for all tennis instructors, court washing, teaching aids, awards, tennis balls, and <br />program related office supplies would be assumed by Lifetime, resulting in a net decrease in <br />operating expenses of $40,000. In addition, the City would continue to receive 20% of all <br />lesson, league and open play revenue which, based on FY 2005/06 projections, is estimated at <br />$236,000. This is a net increase of$11,000 over the current year. As noted earlier in this report, <br />an additional $6,000 in revenue would also be received by allowing the operator to sell tennis <br />related items and snacks. <br /> <br />Respectfully Submitted, <br /> <br /> Susan Rossi Nelson Fialho <br />DkFe~ctor of Parks and Director of Finance City Manager <br />Community Services <br /> <br />Attachment <br /> <br />SR 05:097 <br />Page 5 <br /> <br /> <br />