NEW CHICAGO MULTIPURPOSE EVENT FACILITY

PROFORMA OPERATING STATEMENT

Lead Income Statement

SMG FINAL

AECOM INITIAL

Variance

Total Number of Events

Total Annual Attendance

68

380,000

113

559,191

(45)

(179,191)

Event Income
Net Rental Income

$ 764,000

$ 874,000

$ (110,000)

Ancillary Income:
Food and Beverage
Novelty
Parking
Total Ancillary Income

$ 633,132
$ 104,119
$ 774,500
$ 1,511,750

$ 796,143

$ 167,660

$ 925,439

$ 1,889,241

$ (163,012)
$ (63,541)

$ (150,939)
$ (377,491)

Other Event Related:

Ticket Incentives
Facility Fees
Total Other Event

$ 189,727
$ 375,500
$ 565,227

$ 229,812

$ 501,450

$ 731,262

$ (40,084)

$ (125,951)
$ (166,035)

Total Event Income

$ 2,840,977

$ 3,494,503

$ (653,526)

Other Operating Income

Advertising/Sponsorship
Luxury Seating
Club Seating
Miscellaneous
Total Other Operating

$ -
$ 558,000
$ 171,000
$ 15,000

$ 744,000

$ 1,230,000
$ 368,730

$ 120,000

$ -
$ 1,718,730

$ (1,230,000)
$ 189,270

$ 51,000
$ 15,000
$ (974,730)

Adjusted Gross Income

$ 3,584,977

$ 5,213,233

$ (1,628,256)

Indirect Expenses:
Full Time Sals & Wages
Part Time Wages
Benefits
Other Indirect Expenses
Utilities
General & Admin
Insurance
Repairs & Maintenance
Total Indirect Expenses

$ 1,308,450
$ 310,750
$ 418,499
$ 524,500
$ 650,000
$ 283,000
$ 112,097
$ 125,000
$ 3,732,296

$ 1,219,979
$ 406,660

$ 390,393

$ 474,436

$ 587,397

$ 257,551

$ 101,213

$ 180,738

$ 3,618,366

$ 88,471
$ (95,910)

$ 28,106
$ 50,064
$ 62,603
$ 25,449
$ 10,884
$ (55,738)

$ 113,930

Adjusted Gross Profit

$ (147,319)

$ 1,594,867

$ (1,742,186)