Operating Budget
The Ultimate Hotspot is pleased to project an operating budget reflecting a positive net income for the first year of operations (7/1/14 - 6/30/15). We anticipate a revenue of $7,513,606.00 based on our user fees, retail, utilities, taxes, advertising, rental fees, special events, scheduled programs, drop-in programs, bonds and grants. We are projecting expenses to be $5,443,883.00, which include contingency fund, salaries, utilities, equipment, property, supplies, maintenance, and contractual services . Our net income will be $2,069,723.00. We will have the board of directors and financial advisors review the revenue and expenses monthly so that we can give the community the recreation facility that they deserve.