Page 16 - Westmoreland Skate Phase II and III

Financial Model
EXPENSE
Westmoreland Park Skatepark Projected
Annual Operating Budget
Expense Category Estimated Annual Cost
Program Director (part-time)......................................
Event & Program Staff.................................................
Instructors / Coaches..................................................
Facility Attendant / Concessions...............................
Utilities (Activation Center).........................................
Building Maintenance.................................................
Event Production Costs...............................................
Insurance / Permits.......................................................
Marketing & Outreach................................................
Equipment & Program Supplies..................................
Estimated Annual Operating Budget........................
$60,000
$25,000
$20,000
$25,000
$12,000
$10,000
$8,000
$7,000
$5,000
$4,000
$177,000
Note:
Some maintenance and grounds costs may be covered by Dallas Parks &
Recreation, which could reduce this budget.
REVENUE
Skate Classes & Youth Programs
Beginner lessons
2 sessions per week
10 students per session
$40 per student
Annual Revenue ≈ $40,000
Summer Skate Camps
4 summer camps
25 kids per camp
$200 per participant
Annual Revenue ≈ $20,000
Competitions & Events
3 major skate events per year
Entry fees + sponsors
Annual Revenue ≈ $30,000
Concessions / Snack Bar
Weekend sales + events
Annual Revenue ≈ $25,000
Sponsorships & Event Partnerships
Local business sponsors
Brand skate partnerships
Annual Revenue ≈ $40,000
Total Estimated Annual Revenue - $155,000
*Annual estimates based on projections after all phases of the project are complete.
Financial Summary
Operating Budget............. $177,000
Program/Event Revenue.. $155,000
Annual Gap......................... $22,000
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