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RBOC Budget FY 2013

The improve the quality of life in Pasadena by providing top quality entertainment and by generating revenue through the operation of a world-class stadium and a professional quality golf course complex. RBOC Budget FY 2013. Rose Bowl Operating Company. FY 2013 Sources and Uses.

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RBOC Budget FY 2013

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  1. The improve the quality of life in Pasadena by providing top quality entertainment and by generating revenue through the operation of a world-class stadium and a professional quality golf course complex. RBOC Budget FY 2013

  2. Rose Bowl Operating Company FY 2013 Sources and Uses • FY 2013 Sources: • By Revenue Amount • Bond Subsidies & Capitalized Interest $ 9,611,633 • Stadium $10,486,631 • Golf Course $ 2,739,487 • Bond Proceeds $ 16,000,000 • Fund Balance $ 14,300,000 Total: $ 53,137,751 • FY 2013 Uses: • Appropriations • Stadium $ 8,985,032 • Golf Course $ 1,107,761 • Debt $12,744,958 • Capital $30,300,000 Total: $53,137,751

  3. Rose Bowl Operating Company Budget History By Division or Major Budget Area Since FY 2009, the RBOC, through the City, approved a $152 million renovation project. * It should be noted that $6.1 of this amount is currently not available.

  4. Rose Bowl Operating Company FY 2013 Key Issues and Strategies • Key Issues • Renovation Project • Resolve Funding Gap • Substantially complete by 9/01/2013 • Resolve Lake/Tunnel Water Storage Project • Strategies • Focus on Post Renovation Revenue Streams

  5. Rose Bowl Operating Company Significant Changes From FY 2012 Budget Revenue Increase • $11,980 million • $9.611 million Bond Subsidies and Capitalized Interest • $ 912,511 for extra and larger UCLA game vs. USC • $ 860,000 T of R “User Fee”, Renovation Project • $ 210,316 Additional Minor Events • $ 100,000 Flea Market

  6. Rose Bowl Operating Company Significant Changes From FY 2012 Budget Appropriations Increase $2.3 million • $9.611 million Debt Service on 2010 Bonds for “Renovation Project” Offset with bond subsidies and capitalized interest during the construction phase • $1,115 million • Extra game plus UCLA vs. USC $605K • Salaries increase $195K • Non-event related expenses $187K • $1.2 million – renovation project funding (designated)

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