Branson Convention Center 2017 Second Quarter Review

Slides:

Advertisements

Similar presentations

Georgia World Congress Center Authority February 2012 Authority Meeting.

Advertisements

FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc Financial Reporting Guide, 7234 Income Statements A. The Purposes of Income Statement The Income.

September 10, 2014 Associated Electric Cooperative 1 Joe Wilkinson Director, Member Services & Corporate Communications.

1 Planning and Evaluating Operations. 2 Occupancy Ratios Measures the success of the front office in selling rooms. –Common data includes: Number of Rooms.

Yield Management  A technique used to Maximize Room Revenue  Used for reservations of a Perishable Commodity: –Hotel Rooms –Airplane Seats –Rental Cars.

What is a Budget? Written estimate of future income and expenditures for a set period of time.

Training on Financial Management for Fiscal and Asset Managers Technical Assistance for Community Services and Housing Development Center April 2, 2008.

THE COST OF DOING BUSINESS. GOALS OF TODAY’S WORKSHOP To demonstrate the factors that determine how a government meeting is planned To explain the perspectives.

Galion City Schools Financial Summary General Operating Fund 3 rd Quarter FY Presented to the Board April 17, 2013.

Sales and Operations Overview. Sales and Marketing Agreement Pre-Opening agreement signed in 2006 Provides commission only payment to Global Entertainment.

Fáilte Ireland Season Monitor 2008 Council Meeting Irish Hotels Federation 16 th July 2008.

Lina Williams Budget & Financial Analyst Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Tuesday, April 28 th, 2015.

①God’s generosity ②The privilege of giving ③Time, talents and treasure ④How much do I give? ⑤Generosity to those in need GIVING OUT: Loving God’s world.

Careers Budgeting/University/ First Job. Adjustments for Rent Live at home Rent = Contribution you make £0 - £? Upgrade Student Accommodation Single.

Wake up Doubletree Breakfast Competitive Analysis.

Event Recap: 41 st Annual Vail King of the Mountain Open Commission on Special Events December 4, 2013 Photo by Jack Affleck.

Chapter 2 – Properties of Real Numbers 2.2 – Addition of Real Numbers.

Competitive Benchmarking. Measures market penetration against your selected competitive set and enables you to formulate effective sales, marketing and.

Community Evangelical Free Church Congregational Meeting November 11, 2013.

Annual Financial Report Fiscal Year CEANY FY2015 FINANCIAL SUMMARY * Actual reflects cash basis of accounting Budget Actual to Date Budget vs. Actual.

1 Treasurer’s Report APNIC 30 Gold Coast, Australia.

Natividad Medical Center Board of Trustees February 1, 2013 Financial Statements For December 31,

Richard J. Strasser, Jr. Chief Financial Officer & Executive Vice President Richard J. Strasser, Jr. Chief Financial Officer & Executive Vice President.

April 28, 2015 Montgomery Township School District BUDGET HEARING BUDGET.

Tom Thanas, City Manager Rachel Mayer, Director of Finance City of Joliet Mid-Year Budget Review August 2013.

Visit Seattle CONFIDENTIAL STIA Subset - Transient March YTD Occupancy Comparison STIA Subset - Transient March YTD ADR Comparison STIA Subset - Transient.

QUARTERLY FINANCIAL REPORT First Quarter (Ending 12/31/2015) – Fiscal Year

Financial and Capital Highlights Fiscal Year Second Quarter Charles Turner, Director of Finance

Page 1 FY12 Budget – September YTD Compare Operations Income FY12 overall income is $181K below FY11 income and FY12 budget is higher From same period.

Second Interim Financial Report

Revised Budget Proposed budget

PTAX Personal Taxation

MARTA 2009 Budget Summary Review

Partnership Gathering

Branson Convention Center 2016 Year End Review

Financial Report - FY 2017 Year to Date March 31, 2017 May 12, 2017

Branson Convention Center 2017 First Quarter Review

2018 Operating & Capital Budget

Hotel: Scandic Park Address:Mannerheimintie 46

Business Review BRAZIL June 2005

MERCHANDISE / INSIDE SALES

Branson Convention Center 2017 Year End Review

Northern States Power Companies (NSPM & NSPW)

Business Review BRAZIL November 2005

Finance Committee April 2018.

MEOA Annual General Meeting & Trade Show

APNIC August 2009 Beijing, China

Financial Performance

JSSA Financial Picture

November 1, 2018 SCC Multipurpose Room 3:00 - 4:00 p.m.

Third Quarter, FY 2017 Financial Reports

Introduction to Business Lecture 45

Operating Financial Summary Three Months Ended June 30, 2011

BLC Operating Budget Update Budget vs

BUDGET ACCURACY 2005 Budget vs Actual – All Hotels (Percent Change From 2004 – 2005) Note: * - Before deducting capital reserves, rent, interest, income.

Financial Summary Seven Months Ended October 31, 2011

APNIC August 2008 Christchurch, New Zealand

Year End, FY 2018 Financial Reports

First Fruits Ministry Request Form

Financial Update for SRC – March 6th, 2018

Board of Regents Meeting

English Turn Financials

Finance & Investment Committee FY2018/2019 2nd Quarter Results

420 Cedar Lane – Muskoka River SUTTON GROUP MUSKOKA REALTY INC.

4th quarter Mathematics:

Financial Summary Eleven Months Ended February 29, 2012

Montgomery Township School District

2019 Second Quarter Financial Report Period Ending June 30, 2019

Working Your Marketing Plan

Presentation transcript:

Branson Convention Center 2017 Second Quarter Review

Actual vs. Budget April - June 2017 Total Revenue - Actual Revenue: $1.25M / Budget = $1.20K / Variance = $57K above budget Total Expenses - Actual Expenses: $1.18M / Budget = $1.12M / Variance = $60K above budget Overall Profit and Loss – Profit of $70K which is less than budgeted profit of $73k by $3K

Actual vs. Budget April – June 2016 Total Revenue - Actual Revenue: $1.26M / Budget = $1.24M / Variance = $21K above budget Total Expenses - Actual Expenses: $1.18M / Budget = $1.27M / Variance = $88K below budget Overall Profit and Loss – Profit of $84K exceeded budgeted loss of ($25K) by $109K

Comparison of Actuals April – June 2016 vs. April – June 2017 Total Revenue - 2017: $1.25M / 2016 = $1.26M / Variance = $9K less in 2017 vs. 2016 Total Expenses - 2017: $1.18M / 2016 = $1.18M / Variance = $5K more in 2017 vs. 2016 Overall Profit and Loss – 2017: Profit of $70K/ 2016: Profit of $84K/ Variance of $14K less in 2017 vs. 2016

Business Overview 2017 Second Quarter Recap Room Rental: Met budget ($183K vs $183K) Concessions: Exceeded budget by $10K ($49K vs $39K) Catering: Exceeded budget by $17K. ($606K vs $589K) Parking (Self/Event): Missed budget by $7K. ($42K vs $35K) ***YTD BUDGETED SELF PARKING GARAGE REVENUE: $35k vs $0 (ACTUALIZED)

Business Overview 2017 Second Quarter Statistical Recap The Numbers at a Glance…. Estimated Group Attendance: 2015: 21,296 2016: 27,836 2017: 28,763 2017: Groups: (55) / 2016 (53) 2017: Group Event Days: (116) / 2016 (120) 2017: Group Room Nights at Hilton Properties: 11,892 2nd Quarter/Based on Average Rate of $125.00/4% Tax Rate= $60K Tax Revenue 2016 YTD: (38,907) Ave Rate of $125.00/4% Tax Rate= $195K Tax Revenue

Business Overview 2017 Groups & Events Phil Waldrep Ministries (2018) Branson Collector Car Auction (2018) John Hagee (Israel Event Conflict with Branson Dates) Ozark Mountain Prayer Breakfast (2018) Show-Me Power (2018) Associated Electric Cooperative (2018) Stage One & Starpower Dance Competitions (2018) MO Propane Association (2018) (4) Programs with Edward Jones (2018)

“ “2017 Second Quarter Complete & In the Books”! Q & A