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Mad River Glen Cooperative Annual Meeting Treasurer’s Report April 1, 2006

Mad River Glen Cooperative Annual Meeting Treasurer’s Report April 1, 2006. Agenda. YTD Financial Status Projected Fiscal Year-End ‘05/’06 Projections/Comparison Historical Financials Co-op Financial Strategy Cash Projections Q & A. Year-to-date March Financial Results.

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Mad River Glen Cooperative Annual Meeting Treasurer’s Report April 1, 2006

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  1. Mad River Glen CooperativeAnnual MeetingTreasurer’s ReportApril 1, 2006

  2. Agenda • YTD Financial Status • Projected Fiscal Year-End • ‘05/’06 Projections/Comparison • Historical Financials • Co-op Financial Strategy • Cash Projections • Q & A

  3. Year-to-date March Financial Results

  4. ’05/’06 Full Fiscal Year Projections • Day tickets came in at approx half of budget • Pass sales on budget • Mad Cards contributed approx $200K • Service departments did very well… considering • High fixed costs were the major contributor to loss. Unpredictable winter exaggerated difficulties of managing costs.

  5. Revenue vs. Expenses History

  6. Historical Net Operating Income Strategic Target

  7. Co-op Financial Strategy • Operating Income Target: • $170,000 avg. (with 40 net share sales) • $200,000 avg. (with 20 net share sales) • Capital Spending Model • Based on average operating income, share sales • ‘05/’06 - NA

  8. Summer 2006 Single Chair projects • $100K Electricals • $100K First installment of Single Project

  9. Cash on Hand March balance - $584K Summer Capital Projects - $0 Single Chair Projects - $200K Projected YE Sept – ($60K)

  10. Finance Committee • Committee Members: • Jed Kalkstein – Chair • Mary Schramke • Eric Schoenholz • Andy Dulik • Roy Liu • Leigh Michl • Jeff Paduch • Deb Steines • Jamey Wimble jed.kalkstein@aya.yale.edu

  11. Questions and Answers

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