A recent report from Carmel Clay Parks & Recreation revealed some good news pertaining to the finances of the Monon Community Center.
CCPR recently released its 2011 annual report that, among other things, shows the MCC recovered 110 percent of its costs last year. The numbers prove correct predictions made late last year by CCPR’s Director Mark Westermeier.
In December, Current reported on CCPR’s November financial reports, which indicated the MCC had a cost recovery rate of 114 percent through 11 months and would almost certainly end the year higher than 100 percent. At that time, Westermeier estimated the center’s cost recovery rate would decrease slightly in December and land at 110 percent at the end of the year.
According to the report, the MCC collected $4,553,606 in total revenue in 2012, all but $1,093 coming from earned income.
Total operating expenditures totaled $4,156,428, leaving total operating net revenue at $397,177.
The MCC has $941,659 between its cash balance and investments, with $241,659 uncommitted.
Westermeier in December said the high-cost recovery rate is a result of multiple changes, big and small, made in the past few years. As for achieving a cost recovery rate of 100 percent or better in future years, Westermeier said this is a very reasonable goal. While the MCC’s revenue is greatly dependent on weather, Westermeier said CCPR will continue to add new features to the center to attract guests to the facility when weather is less than ideal.