FY 2010-11 Adopted Budget - Volusia County Government

Department: Aviation and Economic ResourcesAirportActivity: Food ServicesActivity: Food ServicesAccount: 1101700ActualFY2008-09AdoptedFY2009-10EstimatedFY2009-10BudgetFY2010-11Expenditures by CategoryOperating Expenses $ 33,540 $ 40,400 $ 40,000 $ 40,000Subtotal Operating Expenditures $ 33,540 $ 40,400 $ 40,000 $ 40,000Total Operating Expenditures $ 33,540 $ 40,400 $ 40,000 $ 40,000Reimbursements 0 0 0 0Net Expenditures $ 33,540 $ 40,400 $ 40,000 $ 40,000Expenditures by FundDaytona Beach International Airport $ 33,540 $ 40,400 $ 40,000 $ 40,000Number of Full Time Positions 0.00 0.00 0.00 0.00Number of Part Time Positions 0.00 0.00 0.00 0.00Number of Full Time Equivalent Positions 0.00 0.00 0.00 0.00HighlightsOn June 14, 2004, Main Street Eatery (MSE) International of Florida, LLC began operating all food and beverage facilities in the DomesticTerminal at Daytona Beach International Airport under a ten-year Concession Agreement. For all months during the agreement termwhen the reported passenger enplanement level from the Domestic Terminal is between 300,000 and 399,999 for the preceding twelvemonth period, MSE will pay the greater of the minimum annual guarantee (MAG) or 8.25% of gross receipts on all food and beverageproducts sold, plus 12.25% of the gross receipts on all alcoholic beverages sold.The current MAG is $65,000, and is increased by $5,000 every two years. If reported passenger enplanements exceed an annual level of400,000 for the preceding twelve month period, MSE will pay the greater of the minimum annual guarantee of $70,000 or 12% of grossreceipts on all food and beverage products sold, plus 18% of the gross receipts on all alcoholic beverages sold. Revenue generatedfrom the Concession Agreement is approximately $86,000.An August 29, 2005 agreement with MSE included contract services for a Banquet Manager and miscellaneous items needed for thebanquet facility. The $40,000 expense budget for the Banquet Manager and operating is offset by the revenue from the ConcessionAgreement.Volusia County Section F - 16