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Home My WebLink AboutCity Council Committees - Public Facilities District Board - 04/25/2019 (2)Unless otherwise noted, the Public Facilities District meets at 4 p.m. on the last Thursday of each quarter at the accesso ShoWare Center, 625 West James Street, Kent, WA 98032. For additional information please contact Kimberley A. Komoto, City Clerk at 253-856-5728 or via email at Kkomoto@KentWA.gov. Any person requiring a disability accommodation should contact the City Clerk’s Office at 253-856-5725 in advance. For TDD relay service call Washington Telecommunications Relay Service at 7-1-1. Public Facilities District Board Board Members: Jeff Piecewicz - Lew Sellers – Randall Smith – Carmen Goers Staff Representatives: Treasurer, Barbara Lopez - Kimberley A. Komoto April 25, 2019 4 p.m. Change to Location of Meeting City of Kent Centennial Center Rooms 105/107 400 West Gowe Street Kent, WA 98032 Item Description Action Speaker Time 1. Call to order Lew Sellers 1 2. Roll Call Kim Komoto 1 3. Changes to the Agenda MOVE TO APPROVE THE AGENDA Lew Sellers 1 4. Approval of Minutes dated January 31, 2019 MOVE TO APPROVE THE MINUTES DATED JANUARY 31, 2019 Yes Lew Sellers 1 5. Process for the Appointment of Board Member for Position No. 1 No 10 6. Financial Reports A. City of Kent B. accesso ShoWare Center No Barbara Lopez Arletta Voter 10 7. Operational Updates: A. General Manager B. Marketing Update C. City of Kent Update No Tim Higgins Kelly Spreitzer- Saucer Kurt Hanson 15 8. Seattle Thunderbirds Update A. Sales, Marketing and Attendance B. Advertising and Suite Sales No Colin Campbell 10 9. Other Business Lew Sellers 1 10. Adjournment Yes Lew Sellers 1 Public Facilities District Board Regular Meeting January 31, 2019 Minutes Kent, Washington Approval Pending Page 1 of 2 Date: January 31, 2019 Time: 4 p.m. Place: accesso ShoWare Center Other Attendees: SMG General Manager, Tim Higgins SMG Finance Director, Arletta Voter City Attorney, Arthur “Pat” Fitzpatrick Colin Campbell, Thunderbirds General Manager City of Kent Economic and Community Development Director, Kurt Hanson City Clerk, Kimberley A. Komoto Agenda: 1. Call to Order The meeting was called to order at 4 p.m., with Mike Miller presiding. 2. Roll Call Carmen Goers – Present Mike Miller – Present Lew Sellers - Present Randall Smith - Present Jeff Piecewicz – Present 3. Changes to the Agenda None 4. Approval of Minutes dated October 25, 2018 With the correction of Randall Smith having an excused absence, Sellers moved to approve the minutes dated October 25, 2018, seconded by Carmen Goers. The Motion passed unanimously with a vote of 5-0. 5. Nomination and Election of Officers The board elected to have all officers continue in their current capacity for an additional year. Smith moved to elect Mike Miller as Chair, Jeff Piecewicz as Vice Chair and Lew Sellers as Secretary, seconded by Goers. The motion passed unanimously with a vote of 5-0. 6. Financial Reports A. City of Kent. No report was presented during the meeting. Chair Miller advised he will obtain the report and sent it to the board members. B. accesso ShoWare Center. Arletta Voter provided details of the accesso ShoWare Center Income Statement Fourth Quarter Comparison for 2017-2018, Public Facilities District Board Regular Meeting January 31, 2019 Minutes Kent, Washington Approval Pending Page 2 of 2 including direct event income, ancillary income, other event income, other operating income, indirect expenses, net income from operations, admission tax and net income. Voter also reviewed the Income Statement Year End Comparison for 2017- 2018. These reports are in a new, easier-to-read format. 7. Operations Update a/b. General Manager/Marketing Update. Tim Higgins provided a marketing update and advised that Pollster ranked the accesso ShoWare Center 102nd in Worldwide Ticket Sales Top 200 Arena Venues and 115th in North America. Higgins reviewed event highlights from the fourth quarter of 2018. Higgins also advised that the City approved its 2019-2020 budget that includes $900,000 in capital improvements to the accesso ShoWare center. Higgins provided details regarding King County contributing $2 million over 10 years, beginning in 2020 to the accesso ShoWare Center. Higgins advised of the upcoming 10-year anniversary of the center and upcoming events celebrating the anniversary. 8. Seattle Thunderbirds Update Colin Campbell provided an update that included the recent Teddy Bear toss – over 6,200 bears were donated. Campbell indicated they are building themes around the games and ticket sales are doing well. Corporate partners have increased from 2018 and the team just entered a 3-year deal with BECU. Campbell provided an update on current and former players. 9. Other Business None 10. Adjournment Smith moved to adjourn the meeting and Sellers seconded the motion. The motion passed unanimously with a vote of 5-0. Meeting adjourned at 4:51 p.m. Kimberley A. Komoto City Clerk January 31, 2019 2016 2017 2018 2019 2019 Actual Actual Actual Adj. Budget YTD Beginning Fund Balance 1,610,543 2,161,074 2,448,464 2,577,460 2,577,460 Revenues Admissions Tax 385,546 347,109 488,638 350,000 - SMG Income-Loan Proceeds 181,900 194,990 104,587 - - Other Income 280,543 13,128 25,103 - - Transfer In from ShoWare POS 84,430 - - Transfer In Capital (Lifecycle)300,000 300,000 300,000 300,000 - Transfer In from GF 500,000 500,000 500,000 500,000 - Total Revenues 1,647,988 1,355,226 1,502,759 1,150,000 - Expenditures Services 440,005 551,480 807,675 799,990 57,552 Capital Outlay (SMG)240,957 208,808 104,587 - - Other Capital Outlay 68,535 13,555 - - Bank Account Adjustment 321,048 (92,221) 110,558 - - Debt Service on SMG Loan 2,058 24,796 52,651 24,800 - Lifecycle Maintenance 93,390 306,438 284,736 599,000 12,557 Total Expenditures 1,097,457 1,067,836 1,373,763 1,423,790 70,109 Change in Fund Balance 550,531 287,390 128,996 (273,790)(70,109) Ending Fund Balance 2,161,074 2,448,464 2,577,460 2,303,670 2,507,351 SHOWARE CENTER OPERATING FUND March 31, 2019 2016 2017 2018 2019 Actual Actual Actual YTD Beginning Fund Balance 283,216 290,211 322,422 350,301 Revenues Sales & Use Tax 900,659 916,139 1,018,768 84,724 City of Kent 3,069,514 3,126,031 3,103,041 Interest - Sales Tax 1,825 4,017 11,454 1,915 Total Revenues 3,971,998 4,046,187 4,133,263 86,639 Expenditures Debt Service 3,965,003 4,013,977 4,105,383 - Total Expenditures 3,965,003 4,013,977 4,105,383 - Change in Fund Balance 6,995 32,210 27,880 86,639 Ending Fund Balance 290,211 322,422 350,301 436,940 March 31, 2019 PUBLIC FACILITIES DISTRICT FUND (PFD) KENT SPECIAL EVENTS CENTER Rec'd From For the 2018-2019 Percent State Month of 2016 2017 2018 2019 Variance Change March January 67,491.02 66,601.62 74,684.13 84,723.60 10,039.47 15% April February 70,218.75 67,453.42 66,095.59 0% May March 80,978.10 78,264.92 85,380.95 0% June April 72,265.70 70,108.46 83,574.97 0% July May 69,656.54 75,701.34 82,830.77 0% August June 79,863.45 85,649.15 89,006.94 0% September July 70,492.04 73,399.53 85,439.37 0% October August 74,139.52 77,179.92 84,732.10 0% November September 80,821.74 80,018.27 93,748.95 0% December October 70,811.98 76,630.86 86,888.20 0% January November 75,435.99 76,535.32 84,246.87 0% February December 88,484.53 88,596.45 102,139.02 0% Total 900,659.36 916,139.26 1,018,767.86 84,723.60 10,039.47 1% KENT PUBLIC FACILITIES DISTRICT Sales Tax Collections As of March 31, 2019