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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 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

GENERAL FUND

TOTAL

T.O.

 

DESCRIPTION

 

 

 

 

 

$0

$24,560,000

0

 

ACT 18 FISCAL YEAR 1997-1998

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$0

$24,560,000

0

 

EXISTING OPERATING BUDGET - December 10, 1997

 

 

 

 

 

$0

($461,265)

0

 

Reductions in various Expenditure Categories; Including Reductions to fully fund Salaries

$0

($686,368)

0

 

Risk Management Adjustment(s)

 

 

 

 

 

$0

$23,412,367

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

($1,147,633)

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

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

$49,500

 

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

$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

$152,000

 

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

 

 

$251,000

 

TOTAL PROFESSIONAL SERVICES

OTHER CHARGES

$8,500,000

 

Salaries, wages, benefits for operations of the Superdome for 180 full time employees and part time personnel

$1,860,000

 

Management Fee to Facility Management of Louisiana for operating the Superdome

$1,240,000

 

Marketing fund contribution-Funds which go into a Marketing Fund for the purpose of attracting events to the Superdome

$2,550,000

 

Utilities for Superdome

$430,000

 

Concessions Contract with Aramark for operating food and beverages in the Superdome

$1,050,000

 

Repairs and maintenance of the Superdome facility

$130,000

 

Advertising/Public Relations for promoting events at the Superdome

$4,500,000

 

Saints inducement payments

$500,000

 

New Orleans Sports Foundation-Act 1191 of 1195 stipulated funding be paid to the New Orleans Sports Foundation

$2,113,632

 

Insurance on the Superdome

$250,000

 

Capital Expenditures for replacing equipment

 

 

 

$23,123,632

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.


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