Wednesday, May 16, 2007
CHEVROLET CENTRE
Financial reports
The Chevrolet Centre released its 2006-07 second-quarter financial report showing a profit far less than the amount projected by Global Entertainment Corp., the company that manages the city-owned arena. Here are Global's projected and actual profit/loss amounts:
1ST FISCAL YEAR (OCTOBER 2005 TO SEPTEMBER 2006)
Projected: 652,264 profitActual: 23,653 loss
2ND FISCAL YEAR1ST QUARTER (OCTOBER TO DECEMBER 2006)
Projected: 356,446 profitActual: 144,323 profit
2ND QUARTER (JANUARY TO MARCH 2007)
Projected: 458,564 profitActual: 27,440 profit
3RD QUARTER (APRIL TO JUNE 2007)
Projected: 88,424 loss
4TH QUARTER (JULY TO SEPTEMBER 2007)
Projected: 96,632 loss
Sources: Global Entertainment Corp., Youngstown city finance department