Program A: Administrative

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Program A: Administrative

Program Authorization: Section 16, Article XIV of La. State Constitution of 1974

PROGRAM DESCRIPTION

The mission of the Administrative Program in the Louisiana Stadium and Exposition District 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 in the Louisiana Stadium and Exposition District 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

Unless otherwise indicated, all objectives are to be accomplished during or by the end of FY 1999-2000. Performance indicators are made up of two parts: name and value. The indicator name describes what is being measured. The indicator value is the numeric value or level achieved within a given measurement period. For budgeting purposes, performance indicator values are shown for the prior fiscal year, the current fiscal year, and alternative funding scenarios (continuation budget level and Executive Budget recommendation level) for the ensuing fiscal year (the fiscal year of the budget document).

RESOURCE ALLOCATION FOR THE PROGRAM

SOURCE OF FUNDING

The source of funding is State General Fund and 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

GENERAL FUND	TOTAL	T.O.	DESCRIPTION

$0	$23,412,367	0	ACT 19 FISCAL YEAR 1998-1999

			BA-7 TRANSACTIONS:
$0	$0	0	None

$0	$23,412,367	0	EXISTING OPERATING BUDGET – November 20, 1998

$0	($184,985)	0	Risk Management Adjustment
$0	$371,804	0	Other Adjustments – To balance to anticipated revenue collections
$0	($500,000)	0	Eliminate Greater New Orleans Sports Foundation funding

$0	$23,099,186	0	TOTAL RECOMMENDED

$0	($313,181)	0	DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 98.6% of the existing operating budget. It represents 96.9% of the total request ($23,830,000) for this program.

PROFESSIONAL SERVICES

$60,000		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
$41,500		Other Professional Services for consultants
$49,500		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
120,000		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

$271,000		TOTAL PROFESSIONAL SERVICES

OTHER CHARGES

$8,800,000		Salaries, wages, benefits for operations of the Superdome for 180 full time employees and part time personnel
$2,040,000		Management Fee to Facility Management of Louisiana for operating the Superdome
$1,360,000		Marketing fund contribution-Funds which go into a Marketing Fund for the purpose of attracting events to the Superdome
$2,600,000		Utilities for Superdome
$450,000		Concessions Contract with Aramark for operating food and beverages in the Superdome
$1,050,000		Repairs and maintenance of the Superdome facility
$150,000		Advertising/Public Relations for promoting events at the Superdome
$4,530,000		Saints inducement payments
$1,329,186		Insurance (LA Stadium & Exposition District - $1,307,430; Saints Training Facility - $6,734; Jefferson Baseball Stadium - $15,022)
$500,000		Capital Expenditures for replacing equipment

$22,809,186		TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1999-2000.

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