ARENA FINANCES

ARENA FINANCES

Expenses decline

Part of the reason for the Chevrolet Centre’s profit during the first nine months of its fiscal year — October 2007 to June 2008 — compared to a deficit during the first nine months of its previous fiscal year is a reduction in expenses. Below is a comparison between the first nine months of the two fiscal years:

OCTOBER 2007 TO JUNE 2008

Overall expenses: $1,215,362

Salaries: $276,216

Operations (includes event preparation, advertising, postage, travel and cleaning supplies): $172,744

Overhead (includes utilities, telephone service, insurance, building maintenance, office supplies and management fee): $766,402

OCTOBER 2006 TO JUNE 2007

Overall expenses: $1,461,264

Salaries: $373,193

Operations: $322,576

Overhead: $765,495

Source: Youngstown Finance Department