Te Puke Recreation and Aquatic Centre Feasibility Study

Indoor Pool and Rec Centre - Projection Cashflow ModelRef Section Year 1%Growth Year 2%Growth Year 3%Growth Year 4%Growth Year 51.1 Hall $30,000 2.0% $30,600 3.0% $31,518 3.0% $32,464 2.0% $33,1131.2 Gym $90,000 2.0% $91,800 3.0% $94,554 3.0% $97,391 2.0% $99,3381.3 Aerobic Studio $10,000 2.0% $10,200 3.0% $10,506 3.0% $10,821 2.0% $11,0381.4 Function Room $10,000 2.0% $10,200 3.0% $10,506 3.0% $10,821 2.0% $11,0381.5 Casual Swimming $198,640 2.0% $202,613 3.0% $208,691 3.0% $214,952 2.0% $219,2511.6 Clubs $11,700 2.0% $11,934 3.0% $12,292 3.0% $12,661 2.0% $12,9141.7 Swimmig Lessons $48,000 2.0% $48,960 3.0% $50,429 3.0% $51,942 2.0% $52,9801.8 School use contribution $50,000 0.0% $50,000 0.0% $50,000 0.0% $50,000 0.0% $50,0001.9 Council grant $60,000 0.0% $60,000 0.0% $60,000 0.0% $60,000 0.0% $60,0001.10 Grant funding $10,000 0.0% $10,000 0.0% $10,000 0.0% $10,000 0.0% $10,0001 TOTAL INCOME $518,340 $526,307 $538,496 $551,051 $559,6722.1 Staffing $322,477 1.0% $325,701 1.0% $328,958 1.0% $332,248 1.0% $335,5702.2 Swim Instructors $8,120 1.0% $8,201 1.0% $8,283 1.0% $8,366 1.0% $8,4502 STAFF COSTS $330,597 $333,903 $337,242 $340,614 $344,0203.1 Electricty / gas $110,000 2.0% $112,200 2.0% $114,444 2.0% $116,733 2.0% $119,0683.2 Minor Maintenance $10,000 2.0% $10,200 2.0% $10,404 2.0% $10,612 2.0% $10,8243.3 Communications $5,000 2.0% $5,100 2.0% $5,202 2.0% $5,306 2.0% $5,4123.4 Security $3,000 0.0% $3,000 2.0% $3,060 2.0% $3,121 2.0% $3,1843.5 Bank / finance charges $2,000 0.0% $2,000 0.0% $2,000 0.0% $2,000 0.0% $2,0003.6 Misc costs $5,000 0.0% $5,000 0.0% $5,000 0.0% $5,000 0.0% $5,0003 SERVICES $135,000 $137,500 $140,110 $142,772 $145,4884.1 Insurance (building) $20,000 2.0% $20,400 2.0% $20,808 2.0% $21,224 2.0% $21,6494.2 Insurance (content) $5,000 2.0% $5,100 2.0% $5,202 2.0% $5,306 2.0% $5,4124.3 Rates / water / rubbish $13,000 2.0% $13,260 2.0% $13,525 2.0% $13,796 2.0% $14,0724.4 Accounting / Legal $5,000 0.0% $5,000 0.0% $5,000 0.0% $5,000 0.0% $5,0004 STATUATORY $43,000 $43,760 $44,535 $45,326 $46,1325.1 Office / cleaning supplies $4,000 0.0% $4,000 0.0% $4,000 0.0% $4,000 0.0% $4,0005.2 Pool Supplies $30,000 0.0% $30,000 0.0% $30,000 0.0% $30,000 0.0% $30,0005 SUPPLIES $34,000 $34,000 $34,000 $34,000 $34,0006.1 Advertising / Marketing $3,000 0.0% $3,000 0.0% $3,000 0.0% $3,000 0.0% $3,0006.2 Professional Fees $3,000 0.0% $3,000 0.0% $3,000 0.0% $3,000 0.0% $3,0006 ADVERTISING & MARKETING $6,000 $6,000 $6,000 $6,000 $6,0007.1 Depreciation (Building) $35,000 0.0% $35,000 0.0% $35,000 0.0% $35,000 0.0% $35,0007 DEPRECIATION $35,000 $35,000 $35,000 $35,000 $35,0008 TOTAL EXPENSES $583,597 $590,163 $596,887 $603,712 $610,640Net Operating Surplus -$65,257 -$63,856 -$58,391 -$52,661 -$50,968% -12.6% -12.1% -10.8% -9.6% -9.1%Cashflow -$65,257 -$63,856 -$58,391 -$52,661 -$50,968Cumulative Cashflow -$65,257 -$129,112 -$187,503 -$240,164 -$291,133Note: Preliminary Assessments - The above information are estimates based on high level assumptions for the initial businessplanning purposes of this report only.64