2014-2015 Proposed Budget

2014-2015 Proposed Budget
Projected Budget 2015-16
Overview . . .
• 106 Rabobank Arena events with attendance of over 400,000
• 76 Rabobank Theater and Convention Center events with
attendance over 54,000
• 11 Bright House Networks Amphitheatre events with
attendance over 14,000
• Over 25,000 customers at the San Joaquin Community
Hospital Ice Center
• Overall facilities attendance increased over 30%
Rabobank Arena, Theater & Convention Center
highlights 2014-2015. . .
• Sold out Arena performances by
Enrique Iglesias & Pitbull,
Fleetwood Mac, and Disney On
Ice
• Renewal of contract to host the
CIF State Wrestling Tournament
through 2020
Bright House Networks Amphitheater
highlights 2014-2015 . . .
• Held third annual 4th of July
celebration at Amphitheatre and
Park, with over 12,000 in
attendance
• Booked 6th year of Park At River
Walk Concert Series
• Gospel Fest returned to venue for
2015
• Trace Adkins performed May 9th
San Joaquin Community Hospital Ice Center
highlights 2014-2015. . .
• AEG took over operations of Ice
Rink Pro Shop
• Hosted Disney recording artist
Becky G for a capacity performance
• Created high school teams to
participate in LA Kings High School
Hockey League throughout So Cal
Rabobank Arena
2014-2015 Events
Goo Goo Dolls and Daughtry
Enrique Iglesias & Pitbull
Roller Derby
Valentine’s Super Love Jam
WWE Live
CIF State Wrestling Championships
Ringling Bros. Circus
Varekai from Cirque du Soleil
Guns n’ Hoses Boxing
Fleetwood Mac
Disney On Ice
US Army All-Star Bowl
PBR Blue Def Velocity Tour
Marvel Universe Live
Monster X Tour
Eagles
Harlem Globetrotters
Theresa Caputo Live!
Rabobank Theater & Convention Center
2014-2015 Events
Intocable
Seven Brides For Seven
Cali Finale Cheer
Gurdas Maan
Brothers
Competition
Health and Wellness Fair
So You Think You Can Dance AGM High School Dance
Tyler Perry’s Hell Hath No Fury
Live!
Party
Straight No Chaser
Kern County Bridal Expo
Sesame Street Live
Chamber Business Expo
Memphis The Musical
Freestyle Explosion
Taste of Home Cooking Expo
Shen Yun 2015
Beauty and the Beast
Hoffman Hospice
Disney Junior Live
Celebration
Healthy Bakersfield Fair
Bright House Networks Amphitheatre
Events 2014-15
4th of July Celebration
Starship with Mickey Thomas
Bluffett
Relay For Life Kickoff
Atlanta Rhythm Section
Beatles vs Stones
Cheer Showcase
Trace Adkins
Average White Band
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UPCOMING EVENTS
.....................................
Rabobank Arena
WWE Live
July 24
Florida Georgia Line
August 24
Ringling Bros. and Barnum & Bailey Circus
September 10-13
NHL Preseason Game
September 21
Bakersfield Condors
October - April
Disney on Ice
November 5-8
CIF Wrestling
March 4-5
.....................................
UPCOMING EVENTS
.....................................
Rabobank Theater & Convention Center
Intocable
July 11
Dancing With The Stars
July 14
Juanes
July 28
Fifth Harmony
August 12
Baby and Child Expo
August 28
Wild Kratts
September 25
Bakersfield Symphony
October – May
J. Balvin with Becky G
October 20
Taste of Home Cooking Expo
November 10
The Producers
February 11
Ragtime The Musical
March 10
Blue Man Group
April 6
Mamma Mia!
May 26
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UPCOMING EVENTS
.....................................
Bright House Networks Amphitheatre
Firefall
September 18
Gary Allan
October 1
Hotel California
October 2
Gospel Fest
October 4
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2014-2015 CAPITAL IMPROVEMENTS
..........................................................................
The following capital improvements approved
for 2014-15 have been completed:
Dimmer panel replacement
Fire sprinkler maintenance
Theater sound upgrade
Employee Time/Attendance Software
Arena Dressing Room Floor
Replacement
• Arena hockey net
• Two way radio replacement
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Ice Rink Floor Scrubber
Arena suite privacy drape
Television replacement
Washer & Dryer replacement
Kickplate replacement
CRT Monitor replacement
LED Sports Lighting Retrofit (Council
action item June 3rd)
........ ..............
2015-2016
CAPITAL IMPROVEMENTS REQUEST
..........................................................................
The following projects are requested
for Capital Improvements:
• Convention Center Meeting Room Refurbishment
($50,000)
• Theater box office transition to Condor office
enlargement ($20,000)
...................
TENANTS
...................
Bakersfield Condors
The Condors will be moving to the American Hockey
League next year, one step below the NHL, as the
official affiliate of the Edmonton Oilers
• Played 36 regular season home games in 2014-15
• Will form new Pacific Division with Ontario, Stockton, San
Diego, San Jose, San Antonio and Texas (Austin)
• Record was 25-37-8, Home record 12-20-4
• Average regular season attendance: 4,736, up 2.6% from
2013-14
...................
TENANTS
...................
Jam Theatricals
This was the 10th season for Jam Theatricals presentation of
“Broadway in Bakersfield”
2014-15 Season
2015-16 Season
Straight No Chaser
Disney’s Beauty and The Beast
Seven Brides For Seven Brothers
Memphis
Sister Act
The Producers
Ragtime The Musical
Blue Man Group
Mamma Mia!
The Bakersfield Symphony Orchestra will also continue to call
Rabobank Theater home in 2015-16, for the 40th straight year.
...................
SUSTAINABILTY AND CONSERVATION
...................
• Saved approximately 1,000,000 gallons of water in 2014-2015 compared to 20122013
• Retro Commission Project (RCx)
-- Assessment complete and moving forward on 6 separate measures saving
approx. $26,000 annually on electrical consumption
• Theater LED Lighting Retrofit -- Summer 2015
-- Current Theater Lighting – 52,650 watts
-- Planned LED Lighting – 7,709 watts
• 2014-2015 Monthly Recycling Diversion Rates from 21%-51%
• Only arena in State of California to be a Certified Recycling Collection Program
• Nominated for two Kern Green Awards for environmental practices
• America Recycles Day event collected 30,000 lbs of recyclable waste from
community
• Installed a cool roof on the theater stagehouse
• N Street sidewalk LED retrofit for all sidewalk and facility lights
...................
SPONSORSHIP SALES AND SUITES
...................
Added sponsorship deals with AT&T, WA Thompson/Coors,
Univision, Eagle Mountain Casino, Nationwide Insurance
All arena luxury suites leased as of January 2015
...................
2015-2016
COMBINED PROPOSED BUDGET
...................
Operating Income
$6,194,254
Operating Expenses
$6,570,267
Net Income/(Loss)
($376,013)
Net Savings To City
$473,987
...........................................
6 YEAR NET PROFIT (LOSS) & SAVINGS TO CITY
...........................................
Fiscal Year
Ended
Revenue
Expense
Net Profit
(Loss)
Savings
2011
$5,872,316
($6,585,937)
($713,621)
$136,379
2012
$6,072,509
($6,640,936)
($568,427)
$281,573
2013
$6,179,821
($6,542,451)
($362,630)
$487,370
2014
$5,469,926
($6,180,102)
($415,718)
2015*
$6,163,793
($6,714,307)
($415,718)
2016**
$6,194,254
($6,570,267)
($376,013)
A
City losses guaranteed never to exceed ($415,718) per year per City Agreement 013-028
A
$434,282
A
$434,282
A
$473,987
*Forecasted
**Budgeted