City of Minneapolis

ALLIANCE OPERATING RESULTS

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

OPERATING REVENUES

Ticket Sales and Other Presentation Revenue

$

28,185,200

28,225,000

28,400,400

28,566,000

28,980,000

29,849,400

30,744,900

31,667,200

32,553,900

33,530,500

34,536,400

35,676,100

36,746,400

37,775,300

38,870,800

40,075,800

41,278,100

42,516,400

43,749,400

45,061,900

46,413,800

47,806,200

49,240,400

50,717,600

52,239,100

53,806,300

55,420,500

57,083,100

58,795,600

60,559,500

Fundraising

4,000,000

4,200,000

4,200,000

4,500,000

4,400,000

4,400,000

4,500,000

4,500,000

4,600,000

4,600,000

4,800,000

4,800,000

4,800,000

4,800,000

5,000,000

5,000,000

5,100,000

5,200,000

5,200,000

5,200,000

5,300,000

5,400,000

5,500,000

5,500,000

5,500,000

5,500,000

5,700,000

5,700,000

5,700,000

5,700,000

Gross Use Fees

1,385,500

1,400,000

1,442,000

1,442,000

1,450,000

1,460,000

1,503,800

1,548,900

1,595,400

1,643,300

1,692,600

1,743,400

1,795,700

1,849,600

1,905,100

1,962,300

2,021,200

2,081,800

2,144,300

2,208,600

2,274,900

2,343,100

2,413,400

2,485,800

2,560,400

2,637,200

2,716,300

2,797,800

2,881,700

2,968,200

Net Concession and Merchandise

650,000

660,000

686,400

690,000

690,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

705,000

Interest Income

600,000

610,000

630,000

640,000

650,000

750,000

770,000

800,000

810,000

930,000

940,000

960,000

1,070,000

1,260,000

1,270,000

1,470,000

1,550,000

1,600,000

1,620,000

1,760,000

1,920,000

1,960,000

2,005,000

2,160,000

2,305,000

2,600,000

2,575,000

2,715,000

2,875,000

3,040,000

Net Box Office Revenues

341,600

358,700

380,000

399,000

410,000

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

422,300

Management Fee From City of Minneapolis

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL OPERATING REVENUE

$

35,162,300

35,453,700

35,738,800

36,237,000

36,580,000

37,586,700

38,646,000

39,643,400

40,686,600

41,831,100

43,096,300

44,306,800

45,539,400

46,812,200

48,173,200

49,635,400

51,076,600

52,525,500

53,841,000

55,357,800

57,036,000

58,636,600

60,286,100

61,990,700

63,731,800

65,670,800

67,539,100

69,423,200

71,379,600

73,395,000

OPERATING EXPENSES

Artist Fees and Direct Show Expenses

$

24,811,200

24,875,000

24,900,000

25,100,000

25,200,000

25,905,600

26,631,000

27,376,700

28,143,200

28,931,200

29,741,300

30,574,100

31,430,200

32,310,200

33,279,500

34,211,300

35,203,400

36,189,100

37,202,400

38,244,100

39,314,900

40,415,700

41,547,300

42,710,600

43,906,500

45,135,900

46,399,700

47,698,900

49,034,500

50,407,500

Education, MOSAIC, subsidized rents for local non-profits

975,000

1,000,000

1,025,000

1,050,000

1,075,000

1,107,300

1,140,500

1,174,700

1,209,900

1,246,200

1,283,600

1,322,100

1,361,800

1,402,700

1,444,800

1,488,100

1,532,700

1,578,700

1,626,100

1,674,900

1,725,100

1,776,900

1,830,200

1,885,100

1,941,700

2,000,000

2,060,000

2,121,800

2,185,500

2,251,100

Payroll and Payroll Taxes (non-show)

5,249,700

5,407,100

5,550,000

5,716,500

5,800,000

5,900,000

6,077,000

6,200,000

6,325,000

6,514,000

6,709,000

6,900,000

7,100,000

7,300,000

7,500,000

7,725,000

7,956,000

8,194,000

8,439,000

8,692,000

8,952,000

9,220,000

9,496,600

9,781,000

10,074,000

10,376,000

10,687,300

11,007,900

11,338,100

11,678,200

Building related expenses (non-payroll, Repair and Maintenance, Insurance, etc)

3,073,300

3,145,000

3,220,000

3,316,600

3,415,100

3,517,000

3,622,000

3,700,000

3,811,000

3,925,000

4,042,000

4,160,000

4,285,000

4,413,000

4,545,300

4,681,000

4,821,000

4,965,000

4,965,000

5,113,000

5,266,000

5,423,000

5,585,000

5,752,000

5,924,000

6,101,700

6,284,800

6,473,300

6,667,500

6,867,500

Other (institutional advertising, travel, fundraising expenses, office lease, office supplies, etc)

505,000

520,000

535,600

551,700

568,000

580,000

597,400

615,000

630,000

648,000

667,000

687,000

707,600

728,800

750,600

773,000

796,000

819,000

843,500

868,000

894,000

920,000

947,600

976,000

1,005,000

1,035,000

1,066,100

1,098,100

1,131,000

1,164,900

Rent Payment to City of Minneapolis

500,000

500,000

500,000

500,000

500,000

562,800

562,800

562,800

562,800

562,800

652,400

652,400

652,400

652,400

652,400

756,300

756,300

756,300

756,300

756,300

876,800

876,800

876,800

876,800

876,800

1,016,400

1,016,400

1,016,400

1,016,400

1,016,400

Management Fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL OPERATING EXPENSES

$

35,114,200

35,447,100

35,730,600

36,234,800

36,558,100

37,572,700

38,630,700

39,629,200

40,681,900

41,827,200

43,095,300

44,295,600

45,537,000

46,807,100

48,172,600

49,634,700

51,065,400

52,502,100

53,832,300

55,348,300

57,028,800

58,632,400

60,283,500

61,981,500

63,728,000

65,665,000

67,514,300

69,416,400

71,373,000

73,385,600

NET OPERATING RESULTS

48,100

6,600

8,200

2,200

21,900

14,000

15,300

14,200

4,700

3,900

1,000

11,200

2,400

5,100

600

700

11,200

23,400

8,700

9,500

7,200

4,200

2,600

9,200

3,800

5,800

24,800

6,800

6,600

9,400

CASH ON CASH RETURN

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

INTERNAL RATE OF RETURN

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

See Narrative

DEBT SERVICE RESULTS

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

RESTORATION FEE INCOME

1,456,400

1,476,510

1,476,510

1,476,510

1,476,510

1,650,950

1,650,950

1,650,950

1,650,950

1,650,950

1,713,250

1,713,250

1,713,250

1,713,250

1,713,250

1,806,700

1,806,700

1,806,700

1,806,700

1,806,700

1,806,700

1,806,700

1,806,700

1,806,700

1,806,700

815,482

-

42,250,440

-

-

-

DEBT SERVICE PAYMENT - CITY OF MINNEAPOLIS

1,205,898

1,205,898

1,205,898

1,205,898

1,327,554

1,325,733

1,328,510

1,471,874

1,470,690

1,473,570

1,626,234

1,628,414

1,628,989

1,798,278

1,796,013

1,791,608

1,979,168

1,978,128

1,973,817

2,170,515

2,167,674

2,165,339

2,377,239

2,377,694

2,372,154

2,598,942

-

43,052,787

-

-

-

INCREASE OR DECREASE IN DEBT SERVICE RESERVE

250,502

270,612

270,612

270,612

148,956

325,217

322,440

179,076

180,260

177,380

87,016

84,836

84,261

(85,028)

(82,763)

15,092

(172,468)

(171,428)

(167,117)

(363,815)

(360,974)

(358,639)

(570,539)

(570,994)

(565,454)

(1,783,460)

-

(802,347)

-

-

-

ANNUAL NET DEBT SERVICE INCOME (EXPENSE)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

END OF YEAR BALANCE FOR FUTURE YEARS DEBT SERVICE,

INCLUDING INTEREST

250,502

531,134

822,991

1,126,523

1,320,540

1,698,579

2,088,962

2,351,596

2,625,920

2,908,337

3,111,686

3,320,990

3,538,090

3,594,586

3,655,606

3,816,923

3,797,132

3,777,589

3,761,575

3,548,223

3,329,178

3,103,707

2,657,316

2,192,614

1,714,865

-

-

-

-

-