Program A: Administrative
Program Authorization: Section 16, Article XIV of La. State Constitution of 1974
PROGRAM DESCRIPTION
The mission of the Administrative Program is to provide for the operation of the Louisiana Stadium and Exposition District through funding for Superdome operation, a management fee to Louisiana Facilities Management, and the Saints Incentive Payment Schedule.
The goals of the Administrative Program are:
1. Ensure lower General Fund cost for operating the Superdome facility.
2. Provide economic benefits to the City of New Orleans and the State of Louisiana.
The source of funding is (1) fees and self-generated revenues derived from event rentals, admissions, concessions, parking and advertising, and (2) surplus from the hotel/motel tax collection.
OBJECTIVES AND PERFORMANCE INDICATORS
No performance information for this program was provided.
RESOURCE ALLOCATION FOR THE PROGRAM
SOURCE OF FUNDING
The source of funding is fees and self-generated revenues. The fees and self-generated revenues are derived from the 4% hotel/motel occupancy tax collected in Orleans and Jefferson Parishes and from event rentals, admissions, concessions, parking and advertising.
ANALYSIS OF RECOMMENDATION
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GENERAL FUND
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TOTAL
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T.O.
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DESCRIPTION
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$0
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$24,560,000
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0
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ACT 18 FISCAL YEAR 1997-1998
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BA-7 TRANSACTIONS:
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$0
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$0
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0
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None
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$0
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$24,560,000
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0
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EXISTING OPERATING BUDGET - December 10, 1997
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$0
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($461,265)
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0
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Reductions in various Expenditure Categories; Including Reductions to fully fund Salaries
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$0
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($686,368)
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0
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Risk Management Adjustment(s)
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$0
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$23,412,367
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0
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TOTAL RECOMMENDED
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$0
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($1,147,633)
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0
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DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)
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The total means of financing for this program is recommended at 95.3% of the existing operating budget. It represents 98.7% of the total request ($23,710,000) for this program. The overall decrease in this appropriation is related to the risk management premium and other reductions in the management fee and the Saints Inducements Payments.
PROFESSIONAL SERVICES
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$49,500
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Accounting and Auditing for financial consultant to prepare the agency's budget, financial reports, maintain financial records, and make payments to the Superdome management firm and the New Orleans Saints
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$49,500
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Engineering and Architectural funding for an architect to make periodic inspections of the facility, coordinate work of outside specialty consultants, develop capital outlay programs, investigate failures of the existing structures and perform additional duties as directed by the Board
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$152,000
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Other Professional Services for legal services to assist the Board in matters concerning the management firm's contract and other affairs as directed by the Board
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$251,000
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TOTAL PROFESSIONAL SERVICES
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OTHER CHARGES
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$8,500,000
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Salaries, wages, benefits for operations of the Superdome for 180 full time employees and part time personnel
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$1,860,000
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Management Fee to Facility Management of Louisiana for operating the Superdome
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$1,240,000
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Marketing fund contribution-Funds which go into a Marketing Fund for the purpose of attracting events to the Superdome
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$2,550,000
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Utilities for Superdome
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$430,000
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Concessions Contract with Aramark for operating food and beverages in the Superdome
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$1,050,000
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Repairs and maintenance of the Superdome facility
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$130,000
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Advertising/Public Relations for promoting events at the Superdome
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$4,500,000
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Saints inducement payments
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$500,000
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New Orleans Sports Foundation-Act 1191 of 1195 stipulated funding be paid to the New Orleans Sports Foundation
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$2,113,632
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Insurance on the Superdome
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$250,000
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Capital Expenditures for replacing equipment
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$23,123,632
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TOTAL OTHER CHARGES
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ACQUISITIONS AND MAJOR REPAIRS
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This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.
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