To solve these emerging needs of the company to satisfy the demand in the market, it is necessary to invest into expanding of the services offered and shifting the existing concept of the club. Firstly, it is necessary to expand the space occupied by renting out additional premises and organizing Spa procedures there. This will require also investment into necessary human resources, such as hiring Spa administrative and consultants specialists offering services for both women and men, and for both facials and body treatment to maximize the services mix. Costs for occupying this space, purchasing necessary equipment and hiring adequate staff so can exceed the current costs by ?450,000, so this is the incremental expense from proceeding with this services expansion programs. Cost to organize the fitness and Spa cafe, which is proposed to call at EnerGi Box, will amount to another ?100,000 annually. The final improvement step is investment into hiring a team of personal coaches or consultants which will hold personal training sessions and group seminars with the members of the club, to provide a full range of services. Incremental costs for the club for hiring the team will amount to ?150,000 annually. Thus, the system of improvement needs total ?700,000 additional costs annually. Initial investment into renovation and payment for facilities is estimated approximately in the order of ?150,000. But it is also vital to estimate the possible losses which the club will suffer if it does not forego this program and thus is most likely to lose the clients in the coming one to two years due to appearing competition from other clubs which will offer the new services and will win over the clients, thus causing losses to the City Point Club. Currently, the club has 4,000 members all having different attendance patterns and being on different payment schemes. Generally, total annual income from the membership is approximately ?5,750,000, while the operating costs leave the profit margin of approximately 32% to the owner. Based on preliminary market research, it will be possible to increase standard membership payments by at...
The initial investment of ?200,000 necessary to be made to consider the program will be paid back also within the first year of running this program, and the second year will bring already more profit to the company. The capital for this initial investment is rather small and can be taken out of the current profits achieved by the company and thus it is not necessary to take out the loans or the like.
Programs and Services are listed in Appendix C: Table Seven and include: (1) Summer recreation programs; (2) after-school activities; (3) organized sports; and many others. Appendix a Clackamas Parks and Recreation District Source: Our Parks Future Master Plan Appendix B Organizational Structure of North Clackamas Parks and Recreation District Source: Our Parks Future Master Plan Appendix C Fiscal Year/Operating Budget/General Fund Budget and Percent of Total Fiscal Year Operating Budget General Fund Budget of Total 1998-99 1999-00 2000-01 2001-02 Source: Our Parks Future Master
Budget plan is a quantitative expression of planned income and expenses for a given financial year. A budget contains an estimated projected expenses and revenue for a financial year. A budget also reveals the estimated costs, expenses, liabilities and assets and the cash flows for a fiscal year. Syracuse is an historic city based in Sicily, and the city budget for 2011-2012 fiscal years is to achieve a balanced between
Public Administration Budgeting PA Budgeting Budgeting for Public Administration Budgets are used in addressing various purposes including management and control as well as communication of goals, successes, the public entity's philosophy and explain the various departmental functions. Public administration professionals must be able to analyze the financial health of an entity by examining the budget. This work will assess how well available budget documents and auxiliary information address each of these functions on
The State of Nevada and Clark County appear to have a different manner of meeting budget deficiencies. The Office of Budget and Management has an amount of finances reserved for supplemental and emergency funding, at a total of $153.1 billion dollars. Neither Clark County nor the State of Nevada appears to have emergency or supplemental funding in their budgets. State of Nevada The budget for the State of Nevada is larger
Budget Plan for $10 Million Fund Allocation Positive economic development in any city in the United States relies on the provision of effective, efficient, and strong infrastructures that will attract investment to generate job opportunities in the city. A central goal of any city is also to improve health outcomes for the residents to improve their health outcomes. City public officials should also provide safety and securities, and improve students achievements
The Property Taxes revenues' evolution is: for 2001-2002: $33,583,659; for 2002-2003: $39,474,865; for 2003-2004: $43,631,829; for 2004-2005: $56,254,917; for 2005-2006: $61,055,240; the proposed revenue for 2006-2007 is $67,102,454, with a 9.9% increase. The Licenses and Permits revenues' evolution is: for 2001-2002: $1,956,365; for 2002-2003: $2,305,118; for 2003-2004: $3,483,020; for 2004-2005: $3,061,667; for 2005-2006: $3,027,345; the proposed revenue for 2006-2007 is $2,819,900 with a 6.85% decrease. The Intergovernmental revenues' evolution is: for 2001-2002:
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