HomeMy WebLinkAboutCity Council Committees - Public Facilities District Board - 04/24/2014 (2) KE IT
WASIIINOTOX
Public Facilities District
Board Minutes
April 24, 2014
ShoWare Center
625 West James Street
Boardmembers present: Mike Miller, Cass Prindle, Lew Sellers, Randall
Smith, and Jeff Piecewicz
Others present: ShoWare Center General Manager Tim Higgins, ShoWare
Director of Marketing Ryan Hart, Seattle Thunderbirds Vice President /
Assistant General Manager Colin Campbell, Acting Finance Director (Board
Treasurer) Paula Barry, Assistant City Attorney Kathy Hardy, City Clerk
(Board Secretary) Ronald F. Moore and Reporter for the Kent Reporter,
Steve Hunter
I. Call to Order. The meeting was called to order by Chair Mike Miller at
4:00 p.m.
a. Introductions. Attendees introduced themselves.
b. Motion to approve the minutes of January 30, 2014.
Cass Prindle moved to approve the minutes of January 30, 2014,
seconded by Randal Smith. Motion carried 4-0.
U. Finance Reports.
a. City of Kent. Paula Barry, Acting Finance Director discussed the
financials for the PFD. She noted that the starting fund balance in 2014
was better than the beginning of 2013. She added that the revenues are
expected to be at $3.8 million, including funds from the city of Kent for
the debt service. She discussed the ShoWare Operating Fund and stated
the city of Kent's portion of that fund deficit was $2.7 million and a gain of
$300,000 occurred.
Miller confirmed that sales tax continues to grow a little.
b. ShoWare Center. Tim Higgins, General Manager communicated
that projections change daily and the income statement shows a variance
year-to-date is better by $25,000. He noted that it was a good quarter
and that is related to the extra hockey games and a concert that did well
in March. He communicated that the utility costs are doing fine.
Miller inquired if there are any costs related to the pumps in the
compressor system and Higgins replied that they are minimal. He
communicated about an issue with the brine pumps that occurred with the
ice during the playoffs.
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Campbell discussed the issue with the ice during the playoffs and
communicated that Higgins' team did a great job in saving two of the
playoff games.
Miller also commended Higgins' staff for the work they did in repairing the
compressor during the playoffs.
III. Operations Update.
a. General Manager/Marketing Update. Ryan Hart, ShoWare Director of
Marketing communicated that the facility has done $10,000 ahead of last
year's pace in the first quarter. He also added that the facility is getting
close to having 2 million total visitors. He noted that there are also 2
million unique visitors to the website, 500 more likes on Facebook, and
over 1.8 million friends of fans on Facebook. He discussed upcoming
events such as the Seattle Mist football games, Crossfit Games, the Kent
International Festival, and the Ringling Bros and Barnum & Bailey Circus.
He communicated that they are working on installing murals on each of
the big walls around the arena.
Piecewicz inquired about the CrossFit Games and inquired if there is a
correlation with the sales tax revenues and having the event here. Higgins
communicated that he has spoken to the hotels and they have told him
that it does impact hotels here and Kent Station with over 4,000 people in
attendance.
Smith inquired about having concerts last two consecutive days and
Higgins replied that it could happen if there weren't other venues around
here that have concerts.
Higgins communicated that the Mexican concert was sold out and there
were 6,800 people here for it. He noted that there will be three total
events just like it here this year.
Miller discussed the Kent International Festival and noted that that brings
in about 7,000 people a day. Higgins noted that it is one of those
community-type events that don't necessarily bring in a ton of revenues,
but they support the City and retail sales.
IV. Seattle Thunderbirds Update
a. Sales, Marketing & Attendance Update. Campbell communicated
that it was good to have Everett play here and it builds that natural
rivalry. He noted that the team came in fourth for the year. There was
discussion about cowbells and banning them. He noted that the team won
the series in five games and it was good for the facility. He stated that the
team lost the second round in four games and at the end of the season
two of the players went to Finland to play for the Canadian team and
three are now trying out to play pro hockey with the New York Islanders
organization. Campbell noted that attendance went up ten percent this
year and 2-for-Tuesday night games have been averaging 5,000 fans. He
noted that the team is nominated for an award for business practices and
it will be awarded in Calgary. He noted that ten of the 20 suites were
booked throughout the year and there are five new companies that are
looking into buying a suite on an annual basis. He communicated that
they have targeted certain companies to buy suites, such as banks,
attorneys, etc. He announced that Allied Waste, Republic and Sound
Mental Health have renewed as sponsors. He stated that they are going
through the scheduling right now and twenty of the thirty-six home games
are scheduled.
Miller confirmed that there will be seven or eight 2-for-Tuesdays this
upcoming season. He also noted that the first game is schedule for the
third week of September.
Campbell confirmed for Piecewicz that having the players go to the pro
level means that the program here is running well.
Campbell discussed the philosophy concerning the suites.
Miller verified that there are companies that use their suites for other
events and have put a deposit down so they can pick and choose other
events they want to attend.
Sellers communicated that it is great to attend a game and see the suites
full. He also inquired how the buffet dinners work and stated that they are
for the suites. Higgins communicated that the program is going well.
Campbell communicated that the food service department here at the
ShoWare is doing outstandingly well. Higgins added that it is all about
finding ways to make revenue.
Meeting adjourned at 4:33 p.m.
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Ronald F. M re, M
Board S eta ry -
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CENTER
SEATTLE MIST vs. CROSSFIT GAMES
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Auction LED ZEPPELIN EXP SHOOTOUT
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Follow us LIKE the Follow us
on Instagram ShoWare Center on Twitter
® @ShoWareCenter on Facebook ty @ShoWareCenter
WN • • • • •
Tickets can be purchased at the ShoWareBox Office, • • or by • 866.973.9613.
Box Office Hours: • •. •. /. • Box Office opens two hours before events
Ticket prices subjectto convenience fees. For • • Sales : Suites •- 253.856.6705.
ShoWare
�-. •
KENT
Marketing Update through April 24, 2014
Total Attendance—1,905,515
• 2009—349,761
• 2010—323,644
• 2011—381,159
• 2012—352,490
• 2013—371,545
• 2014— 126,916 (10k ahead of 2013 pace)
SOCIALIZE with ShoWare Center
Total Number of unique session visits to www.ShoWareCenter.com — 1,964,796
o 2009 monthly average— 19,373
o 2010 monthly average—28,463
o 2011 monthly average—37,393
o 2012 monthly average—39,804
o 2013 monthly average—37,141
o 2014 monthly average—37,964
Total Number of page views—23,107,594 (10.9 pages per visit)
AS OF TODAY- Facebook.com/ShoWareCenter:
• 6,942 Total Likes (up close to 500 since last mtg)
• 1,894,313 Friends of Fans
• Includes apps for ticket sales, a-news sign-up
Twitter.com/ShoWareCenter:
• 6,653 Tweets
• 978 Following
• 1,477 Followers
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Upcoming Ticketed Events
• Legends Football League: Seattle Mist (Home Opener)—May 2
• GLOW—The Power of Who with The Valley Girls & Guys! —May 8
• CrossFit Games— NW Regional —May 16-18
• Sonu Nigam — LIVE in Concert—May 30
• No Quarter— Led Zeppelin Experience—June 28
• Legends Football League: Seattle Mist (Home Opener) —July 26
• ShoWare Shootout 3-ON-3 BBall —July 25-27
• Ringling Bros. and Barnum & Bailey Circus—September 25-28
• TNA Impact Wrestling—October 10
• Disney On Ice—November 12-16
• Seattle Thunderbirds 2014-15 Season —starts in September
Upcoming Community & Catering Events
• ShoWalk, Monday & Wednesday mornings, 9a-11a —ongoing
• GLOW—The Power of Who with The Valley Girls & Guys! —May 8
• Kent Pediatric Luncheon —May 9
• Kent Rotary Banquet—May 10
• Kent International Festival — May 31
• Kent Downtown Partnership Auction —June 6
• HS/College Graduations—June 9, 10, 12, 13, 14, 15, 16, 21 & 26
• ShoWare Shootout 3-ON-3 BBall —July 25-27
• Seattle Tbirds Hockey School—August 4-9 & 11-16
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KENT SPECIAL EVENTS CENTER
PUBLIC FACILITIES DISTRICT FUND (PFD)
March 31, 2014
2010 2011 2012 2013 2014
Actual Actual Actual Actual Est Actual
Beginning Fund Balance 105,249 113,261 121,211 123,989 130,696
Revenues
Sales & Use Tax 622,136 649,277 677,937 714,360 715,000
Intergovernmental 3,129,437 3,093,077 3,064,025 3,104,475 3,085,000
Interest - Sales Tax 880 646 561 300 315
Total Revenues 3,752,453 3,743,000 3,742,523 3,819,135 3,800,315
Total Resources 3,857,702 3,856,261 3,863,734 3,943,124 3,938,189
Expenditures
Services and Charges 1,505
Debt Service 3,744,441 3,735,050 3,738,240 3,812,428 3,796,060
Total Expenditures 31744,441 3,735,050 3,739,745 3,812,428 3,796,060
Change in Fund Balance 8,012 7,950 2,778 6,707 4,255
Ending Fund Balance 113,261 121,211 123,989 130,696 125,761
KENT PUBLIC FACILITIES DISTRICT
Sales Tax Collections
Inception to Date thru March 31, 2014
Collected For the
in Month of 2008 2009 2010 2011 2012 2013 2014
March January 68,928.08 43,938.87 43,066.80 47,395.15 46,602.21 51,168.67 54,393.18
April February 64,340.03 40,442.93 44,888.03 45,652.41 49,815.46 49,710.74
May March 77,107.07 47,073.92 55,381.54 54,357.38 54,277.64 59,046.95
June April 72,061.77 44,944.15 47,699.19 50,376.18 49,261.77 55,538.05
July May 73,138.12 45,221.78 47,255.93 54,864.70 56,321.68 60,088.10
August June 82,904.41 50,355.97 54,575.49 57,478.70 61,884.22 62,538.27
September July 61,870.79 47,063.45 52,789.08 52,706.22 57,393.92 62,625.41
October August 57,569.76 46,071.06 51,167.58 54,198.64 59,303.71 60,085.81
November September 63,238.50 60,040.81 59,765.33 59,118.63 61,748.38 62,922.07
December October 55,649.74 46,106.71 52,382.66 59,964.74 57,441.73 61,637.13
January November 48,144.96 41,577.34 49,791.39 50,966.32 54,623.15 55,475.85
February December 61,890.26 63,459.30 63,372.68 68,908.15 69,263.39 73,523.24
Total 786,843.49 576,296.29 622,135.70 655,987.22 677,937.26 714,360.29 54,393.18
KENT EVENTS CENTER OPERATING FUND
March 31, 2014
2010 2011 2012 2013 2014 2014
Actual Actual Actual Actual Budget Est Actual
Beginning Fund Balance (1,025,923) (1,627,111) (1,910,845) (2,735,809) (1,815,552) (2,456,088)
Revenues
Admissions Tax 199,199 193,900 281,458 251,405 400,000 275,000
SMG Income 200,000
Transfer In from GF 500,000 500,000 500,000
Total Revenues 199,199 193,900 281,458 751,405 1,100,000 775,000
Total Resources (826,724) (1,433,211) (1,629,387) (1,984,404) (715,552) (1,681,088)
Expenditures
Salaries & Benefits
Supplies
Services 842,763 477,634 1,092,422 471,684 520,200 520,200
Transfers Out 14,000
Total Expenditures 842,763 477,634 1,106,422 471,684 520,200 520,200
Change in Fund Balance (643,564) (283,734) (824,964) 279,721 579,800 254,800
Ending Fund Balance (1,669,487) (1,910,844) (2,735,809) (2,456,088) (1,235,752) (2,201,288)