HomeMy WebLinkAboutCity Council Committees - Public Facilities District Board - 07/30/2015 •
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Public Facilities District
Board Minutes
July 30, 2015
4:00 p.m.
City of Kent
City Hall Campus
Centennial Building, Room 402
Boardmembers present: Mike Miller, Cass Prindle, Lew Sellers, Randall
Smith and Jeff Piecewicz
Others present: ShoWare Center General Manager Tim Higgins, ShoWare
Center Director of Marketing Ryan Hart, ShoWare Vice President Colin
Campbell, ShoWare Finance Director, Arletta Voter, City of Kent Finance
Director (Board Treasurer) Aaron BeMiller, City of Kent Economic and
Community Development Director Ben Wolters, City of Kent 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. Motion to approve the special meeting minutes of April 30,
2015. Lew Sellers moved to approve the minutes of April 30, 2015,
seconded by Randall Smith. Motion carried 5-0.
II. Financial Resorts.
a. City of Kent. Aaron BeMiller, Finance Director discussed the
ShoWare Center Operating Fund.
BeMiller discussed the State Auditor's Office exit interview. He noted that
the contingent loan will not be repaid and that it is a subsidy.
b. ShoWare Center, Arletta Voter, ShoWare Director of Finance
communicated the direct event income revenue.
Sellers moved to adopt the 2nd Quarter ShoWare Center Income
Statement, seconded by Smith. Motion carried 5-0.
III. Operations Update.
a. General Manager/Marketing Update. Ryan Hart, ShoWare
Director of Marketing - Hart communicated the ShoWare attendance and
updated the upcoming shows and events at the ShoWare. He also
reviewed marketing efforts and the ShoWare social media statistics.
Public Facilities District Board Minutes July 30, 2015
b. Seattle Thunderbirds Update. Vice President Colin Campbell
communicated that the hockey legislation was adopted.
Specific events highlighted were the Seattle Thunderbirds'"Pink the Rink"
night and the hockey school and training camp in late August. The
exhibition is September 17 against Victoria and the first home game is on
October 3.
The attendees confirmed that the next meeting is October 29, 2015.
Meeting adjourned at 4:31 p.m.
Ronald F. ore, C
Board S retary
2
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CENTER
LFL: 2015 MARCO
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' AUG 23 1 3PM AUG 30 1 8PM
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ON SALE NOW! 4 ON SALE NOW!
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- NEST: FAMILY LAS VEGAS SIN �~ ROCK-A-THON
HAWSBNEST AFFAIR t. 12HourMegoConcert
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July 30 1 4PM ON SALE NOW! - Sept 5 1 12PM
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MAZE FEAT. NCU presents BUILT TO
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Sept 18 1 7:35PM 0:4Sept 19 1 7PM r - Sept 24-27 Vary
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ON SALE LATE-AUG! ON SALE NOW!
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PRINCE GEORGE t• 50TH ANNIVERSARY TOUR vs. PRINCE
/SEATTLfl) Home opener w/ Queensryche �SEATTLE� ALBERT
Oct 3 7:05PM FRI• . Oct 91 8PM Oct 10 1 7:05pm
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HOME OPENER ON SALE AUG 26! • ' ' SOLD OUT! ON SALE AUG 26
THIRD DAY — ALL TIME LOW & DISNEY ON ICE
LEAD US BACK TOUR ° SLEEPING WITH ►' presents FROZEN
SIRENS Nov 11-161 Vary
Oct 23 7PM ,err
NARA Oct 28 1 6PM LIMITED TICKETS STILL
ON SALE NOW iy
ON SALE NOW! AVAILABLE!
Tickets can be purchased at the ShoWare Center Box Office,ShoWareCenter.com, or by calling 866.973.9613.
Box Office Hours: Monday- Friday-- I Oa-5p/ Box Office opens two hours before events
Ticket
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• ShoWare Center - 625 W James St - Kent, WA 98032 - Ph 253.856.6999 - ShoWareCenter.com •
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Total Attendance — 2,376,880
• 2011 — 381,159
• 2012 — 352,490
• 2013 — 371,545
• 2014— 370,015
• 2015 — 227,791 (13k ahead of 2014 pace)
SOCIALIZE with ShoWare Center
Total Number of unique session visits to www.ShoWareCenter.com — 2,498,603
0 2011 monthly average — 37,393
0 2012 monthly average — 39,804
0 2013 monthly average — 37,141
0 2014 monthly average — 37,313
0 2015 monthly average — 38,015
Total Number of page views — 26,912,783 (9.9 pages per visit)
AS OF TODAY — Facebook.com/ShoWareCenter:
• 9,330 Total Likes (Increase of 850 since last mtg)
• 2,810,539 Friends of Fans
• Includes apps for ticket sales, a-news sign-up
Twitter.com/ShoWareCenter:
• 7,238 Tweets
• 999 Following
• 1,671 Followers
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ShoWare Center Recent News / Highlights:
• June sets record for busiest month so far in 2015, with a total of 26 events and
over 62,000 people coming to downtown Kent
• Fans of TLC's Long Island Medium, Theresa Caputo, flocked to Kent for her "Live! The
Experience" Tour on June 7
o Tickets sold-out well in advance, with over 5,000 guests attending the event
• 3 new concerts announced for this Fall!
o Seattle Rock-A-Thon 2015 — 12 hour mega rock concert— September 5
o Third Day (Christian) — Lead Us Back Tour— October 23
o All Time Low & Sleeping with Sirens (Punk) — October 28
• Bikes, Brews & Tattoos, presented by ShoWare Center and Lawless Harley-Davidson of
Renton a success in its first year!
o Plans to make it an annual event, and will opens doors to expand relationship
with Lawless Harley for future opportunities
• 16 local high school / college graduations bring over 50,000 students and family
members to ShoWare Center over 9 event days
• Hello Kitty's Supercute Friendship Festival closes out past weekend on a high note!
• LFL—Seattle Mist award-winning '8th Man' (fan base) show up in strong numbers for
the first two home games of 2015 season
o As recognition to all of the loyal Mist fans, LFL has designated ShoWare Center
as the host venue for this year's Legends Cup (Championship) on August 23
• History of successful Hispanic concerts nets new show— Marco Antonio Solis on August 30
• Scorpions fans eager to get tickets for 50th Anniversary World Tour in October
o Show is completely sold-out at close to 6,000 tickets sold
• Junior Roller Derby Association brings in teams from as far as Australia and Brazil for World
Cup competition, as well as several teams from other states for U.S. Championship
• Due to popular demand, Disney On Ice adds a 12th show of Frozen in November
• Kent International Festival + Khalsa Day Parade bring international flair to ShoWare Center
• Locally owned Allegro Performing Arts Academy put on 3-day long Best Of Allegro:
20th Annual Showcases at ShoWare Center June 17-19
ShoWare Center - 625 W James St - Kent, WA 98032
I
Upcoming Ticketed Events
• Seattle Mist vs. Las Vegas Sin —August 1
• LFL: 2015 Legends Cup —August 23
• Marco Antonio Solis —August 30
• Seattle Rock-A-Thon 2015 — September 5
• Seattle Thunderbirds vs. Victoria (Pre-Season) — September 18
• The Experience: Maze ft. Frankie Beverly—September 19
• Ringling Bros. and Barnum & Bailey Circus —September 24-27
• Seattle Thunderbirds 2015-16 Home Opener— October 3
• Scorpions — 50th Anniversary World Tour w/ Queensryche — October 9
• Third Day— October 23
• All Time Low w/ Sleeping With Sirens — October 28
• Tacoma Stars — Home Schedule (10 Games) being announced soon, stay tuned!
• Disney On Ice presents Frozen — November 11-16
• 100.7 The Wolf- Hometown Holiday— December 9
• Disney Live! —January 16
• Harlem Globetrotters— February 12 & 15
Upcoming Community & Catering Events
• Hawks Nest: Family Affair—July 30
• Seattle Tbirds Hockey School —August 10-15 & 17-22
• ShoWalk, Monday & Wednesday mornings, 9a-11a — starting in November
• Greater Seattle Hockey League (GSHL) — Returning this Fall
• Thunderbirds Season Ticket Holder Skate — December 13
98032
ShoWare Center
Income Statement
For the Quarter Ending June 30,2015
April April May June Total YTD Total YTD
Actual Budget May Actual Budget June Actual Budget Q2 Actual Q2 Budget Variance Actual Budget Variance
Direct Event Income
Rental Income $ 23,220 $ 30,209 $ 67,597 $ 18,800 $ 130,682 $ 105,000 $221,499 $ 154,009 $ 67,490 $ 504,913 $ 426,644 $ 78,269
Service Revenue 5,203 945 4,837 13,565 21,628 (12,765) $ 31,668 $ 1,745 $ 29,923 68,215 44,074 24,141
Service Expenses (29,080) (18,109) (64,464) (34,560) (57,672) (49,253) $(151 216) $(101 922) $ (49,294) (409,468) (379,702) (29,766)
Total Direct Event Income 657) 13,045 7,970 2,195) 94,638 42,982 101,951 53,832 48,119 163,660 91,016 72,644
Ancillary Income
F&B Concessions 16,402 10,332 40,477 40,750 33,887 22,896 $ 90,766 $ 73,978 $ 16,788 327,207 348,459 (21,252)
F&B Catering 8,468 13,347 19,957 13,988 6,378 13,400 $ 34,803 $ 40,735 $ (5,932) 86,939 85,118 1,821
Novelty Sales - 475 0 0 720 $ 475 $ 720 $ (245) 9,855 6,220 3,635
Total Ancillary Income 24,870 23,679 60,909 54,738 40,265 37,016 126,044 115,433 10,611 424,001 439,797 (15,796)
Other Event Income
Luxury Box Ticket Sales - 1,250 1,037 - 2,944 0 $ 3,981 $ 1,250 $ 2,731 5,527 3,250 2,277
1,030 $ 31,407 $ 12,250 $ 19,157 47,225 51,450 (4,809)
Ticket Rebates 0 1,680 4,557 9,540 26,850
Facility Fees 5,780 3,300 14,424 14,400 10,395 1,030 $ 30,599 $ 18,730 $ 11,869 110,889 115,698 (4,809)
Total Other Event Income 5,780 6,230 20,018 23,940 40,189 2,060 65,987 32,230 33,757 163,641 170,398 (6,757)
Total Event Income 29,993 42,954 88,897 76,483 175,092 82,058 293,982 201,495 92,487 751,302 701,211 50,091
Other Operating Income 49,378 46,817 48,389 46,817 38,839 46,817 $136,606 $ 140,451 $ (3,845) 324,016 338,057 (14,041)
Adjusted Gross Income 79,371 89,771 137,286 123,300 213,931 128,875 430,588 341,946 88,642 1,075,318 1,039,268 36,050
INDIRECT EXPENSES
Salaries&Wages 96,122 91,697 107,884 95,193 123,017 94,533 $327,023 $ 281,423 $ 45,600 635,928 161,910 24,982
Payroll Taxes&Benefits 23,013 26,985 21,508 26,985 23,875 26,985 $ 68,396 $ 80,955 $ (12,559) 135,928 161,910 (25,982)
Labor Allocations to Events (19,343) (18,595) (20,196) (23,322) (32,023) (24,700) $ (71,562) $ (66,617) $ (4,945) (234,000) (245,459) 11,459
Net Salaries and Benefits 99,792 100,087 109,196 98,856 114,869 96,818 323,857 295,761 28,096 601,791 591,338 10,453
Contracted Services 9,811 8,323 11,119 10,323 8,660 8,323 $ 29,590 $ 26,969 $ 2,621 58,625 51,938 6,687
General and Administrative (42,742) 20,086 28,725 25,401 23,541 18,461 $ 9,524 $ 63,948 $ (54,424) 127,906 145,462 (17,556)
Operating 6,978 4,558 2,887 4,024 4,199 4,467 $ 14,064 $ 13,049 $ 1,015 36,486 35,509 977
Repairs&Maintenance (5,852) 3,667 4,072 6,167 11,230 3,467 $ 9,450 $ 13,301 $ (3,851) 51,791 26,902 24,889
Operational Supplies 3,599 4,108 4,341 6,906 3,818 3,808 $ 11,758 $ 14,822 $ (3,064) 28,232 30,444 (2,212)
Insurance 7,513 8,166 7,513 8,166 7,513 8,166 $ 22,539 $ 24,498 $ (1,959) 53,005 56,996 (3,991)
Utilities 32,709 25,733 19,238 25,733 27,710 27,733 $ 79,657 $ 79,199 $ 458 223,473 212,398 11,075
Other $ $ $
SMG Management Fees 11,183 11,271 11,624 11,271 11,271 11,271 $ 34,078 $ 33,813 $ 265 67,626 67,626
B 0 0
Total Indirect Expenses 122,991 185,999 198,715 196,847 212,811 182,514 534,517 565,360 (30,843) $ 1,248,93.5 $ 1,218,613 $ 30,322
Net Income(Loss)from Operations $(43 620) $(96 228) $(61 429) $(73,547) $ 1,120 $ (53,639) $(103,929) $(223,414) $ 119,485 $ (173,617) $ (179,345) $ 5,728
116,280 116,280
Admission Tax
$ (57,337) $ 122,008
Net Income(Loss)
KENT SPECIAL EVENTS CENTER
PUBLIC FACILITIES DISTRICT FUND (PFD)
June 30, 2015
2006 2009 2010 2011 2012 2013 2014 2015
Actual Actual Actual Actual Actual Actual Actual Est Actual
Beginning Fund Balance 166,327 105,249 113,261 121,211 123,989 130,696 149,098
Revenues
Sales & Use Tax 786,843 576,296 622,136 649,277 677,937 714,360 784,330 881,000
Intergovernmental 3,072,614 3,129,437 3,093,077 3,064,025 3,104,475 3,029,824 3,000,000
Interest - Sales Tax 2,312 1,279 880 646 561 300 308 310
Total Revenues 789,155 3,650,189 3,752,453 3,743,000 3,742,523 3,819,135 3,814,462 3,881,310
Total Resources 2,559,032 3,822,822 3,857,702 3,856,261 3,863,734 3,943,124 3,945,158 4,030,408
Expenditures
Services and Charges 758 1,505
Debt Service 2,392,705 3,716,815 3,744,441 3,735,050 3,738,240 3,812,428 3,796,060 3,881,000
Total Expenditures 2,392,705 3,717,573 3,744,441 3,735,050 3,739,745 3,812,428 3,796,060 3,881,000
Change in Fund Balance 166,327 (61,078) 8,012 7,950 2,778 6,707 18,402 310
(Ending Fund Balance 166,327 105,249 113,261 121,211 123,989 130,696 149,098 149,408
SHOWARE CENTER OPERATING FUND
June 30, 2015
2010 2011 2012 2013 2014 2015 2015 2015
Actual Actual Actual Actual Actual Budget YTD Est Actual
Beginning Fund Balance (1,025,923) (1,627,111) (1,910,845) (2,735,808) (2,456,087) 19,990 19,990 19,990
Revenues
Admissions Tax 199,199 193,900 281,458 251,405 256,124 259,325 81,282 250,000
SMG Income 200,000 -
Puget Sound Energy Grant 42,376
Transfer In from GF 500,000 3,200,000 500,000 - 270,000
Total Revenues 241,575 193,900 281,458 751,405 3,456,124 959,325 81,282 520,000
Expenditures
Salaries & Benefits
Supplies
Services 842,763 477,634 1,092,422 471,684 972,046 528,003 29,109 528,000
Capital Outlay 8,000
Transfers Out 14,000
Total Expenditures 842,763 477,634 1,106,422 471,684 980,046 528,003 29,109 528,000
Change in Fund Balance (601,188) (283,734) (824,964) 279,721 2,476,077 431,322 52,173 (8,000)
Ending Fund Balance (1,627,111) (1,910,844) (2,735,808) (2,456,087) 19,990 451,312 72,163 11,990
KENT PUBLIC FACILITIES DISTRICT
Sales Tax Collections
Inception to Date thru June 30, 2015
Ret'd From For the
State Month of 2008 2009 2010 2011 2012 2013 2014 2015
March January 68,928.08 43,938.87 43,066.80 47,395.15 46,602.21 51,168.67 54,393.18 62,093.69
April February 64,340.03 40,442.93 44,888.03 45,652.41 49,815.46 49,710.74 51,311.25 62,665.01
May March 77,107.07 47,073.92 55,381.54 54,357.38 54,277.64 59,046.95 63,646.55 66,367.08
June April 72,061.77 44,944.15 47,699.19 50,376.18 49,261.77 55,538.05 61,993.29 65,371.95
July May 73,138.12 45,221.78 47,255.93 54,864.70 56,321.68 60,088.10 64,218.58
August June 82,904.41 50,355.97 54,575.49 57,478.70 61,884.22 62,538.27 71,784.55
September July 61,870.79 47,063.45 52,789.08 52,706.22 57,393.92 62,625.41 67,029.60
October August 57,569.76 46,071.06 51,167.58 54,198.64 59,303.71 60,085.81 65,322.35
November September 63,238.50 60,040.81 59,765.33 59,118.63 61,748.38 62,922.07 73,134.60
December October 55,649.74 46,106.71 52,382.66 59,964.74 57,441.73 61,637.13 82,496.84
January November 48,144.96 41,577.34 49,791.39 50,966.32 54,623.15 55,475.85 63,529.29
February December 61,890.26 63,459.30 63,372.68 62,197.75 69,263.39 73,523.24 80,463.26
Total 786,843.49 576,296.29 622,135.70 649,276.82 677,937.26 714,360.29 799,323.34 256,497.73