RBOC Statement of Operations
Draft Date: 04-19-2022 (internal use only)
Management Report: FY2019-2023 (Draft)
Fiscal Year 2019
(Actual)
2020
(Actual)
2021
(Actual)
2022
(Adopted)
2022
(Forecast)
2023
(Recommended)
Net Event Income
UCLA Football $4,431 $4,347 $636 $1,263 $3,825 $4,351
Rose Bowl Game $4,934 $4,440 $691 $2,874 $4,580 $4,657
Music Fest $0 $2,833 $0 $751 $1,606 $3,099
Concerts $3,498 $871 $0 $902 $0 $1,070
Soccer $838 $298 $0 $0 $0 $306
Americafest (171) (169) $0 $0 $0 (144)
Flea Market $1,058 $867 $295 $406 $1,125 $1,175
Enterprise Events $1,518 $1,298 $1,973 $998 $1,300 $1,774 Net Event Income $16,106 $14,786 $3,595 $7,195 $12,436 $16,288 Golf Complex
Revenues
Golf Operations $4,302 $4,132 $7,138 $5,625 $6,174 $6,060 Restaurant $449 $311 $189 $153 $280 $2,200
Enterprise Events $115 $31 $2 $83 $257 $167
Golf Displacement/Parking $436 $290 $0 $396 $584 $956
Pro Shop/Lessons $16 $11 $33 $89 $85 $109
Other $211 $159 $18 $40 $40 $10
Total Golf Revenue $5,531 $4,934 $7,380 $6,386 $7,420 $9,501 Food and Beverage Expenses NA NA NA NA NA (1,814)
Operating Expenses (4,114) (4,042) (5,491) (4,851)
Personnel (1,365) (1,262) (1,594) (1,574) (1,514) (1,809) Utilities* (865) (1,099) (1,286) (1,180) (1,250) (1,234) Services (500) (353) (860) (483) (429) (483)
Management Fee (325) (325) (325) (325) (325) (353)
Leases/Rentals (259) (279) (410) (413) (413) (454)
Other (Fiscal fees, landscaping, security) - - (176) - - - Overhead (801) (723) (841) (875) (925) (959)
Total Direct Golf Expenses (4,114) (4,042) (5,491) (4,851) (4,856) (7,106) Net Golf Complex $1,416 $892 $1,889 $1,535 $2,565 $2,396 Other Revenues $1,434 $1,184 $1,515 $1,116 $1,337 $1,344 General Operations Expenses
Personnel (4,260) (4,707) (3,567) (4,599) (4,426) (4,902) Services (1,572) (1,905) (1,323) (2,146) (2,362) (2,316) Utilities* (1,279) (1,350) (1,320) (1,532) (1,557) (1,745) Insurance** (96) (123) (205) (226) (401) (419)
Leases (163) (159) (122) (163) (173) (111)
Supplies (277) (178) (128) (262) (256) (297)
Other: Advertising, dues, permits, banking fees. (184) (198) (70) (208) (207) (261) Repair & Maintenance (275) (262) (332) (297) (297) (319) Abatements** (65) (75) (75) (75) (75) (75)
Internal Services** (71) (76) (48) (74) (74) (78)
Total General Operating Expenses $(8,242) $(9,034) $(7,190) $(9,582) $(9,828) $(10,522) RBOC Operating Income $10,714 $7,828 $(192) $263 $6,510 $9,505 Financing
Subsidies $3,240 $3,255 $3,172 $3,071 $3,071 $3,071
Gross Bond Debt (13,618) (14,202) (14,620) (15,032) (15,032) (15,378) Total Non-Operating $(10,378) $(10,947) $(11,448) $(11,961) $(11,961) $(12,306) RBOC Net Operations $336 (3,119) (11,640) (11,698) (5,451) (2,801) Non-Operating (Conributions)
City of Pasadena Contribution - - 11,448 9,434 9,434 - RBOC Net Income / (Loss) $336 (3,119) (192) (2,264) $3,983 (2,801) (Before Inernal Financing: Grants and Reserves)
Grants and Reserves
(1) COVID related: 10M as reimbursement for 2020-2021 $0 $0 $0 $0 $10,000 (2) RBOC Reserve per Policy $0 $0 $0 (3,500) (3,500) (1,247) Reserves for Capital/Preventative Maintenance
Capital Funding Reserves $0 $0 $0 $0 (9,000) $0
Stadium Preventive Maintenance Reserves $0 $0 (1,500) (1,365) (1,365) (1,406) Golf Preventive Maintenance Reserves $0 $0 (380) (284) (316) (398) RBOC Net Income after Non-Operating: $336 (3,119) (2,072) (7,413) (198) (5,852) * Primarily Pasadena DWP
* * Allocated from City of Pasadena
ATTACHMENT B