This document provides a fiscal impact analysis of a proposed development by Pinnacle Entertainment in Wyandotte County, Kansas. It estimates revenues and costs to state and local governments over 5 years of construction and operation. The analysis estimates total revenues to state and local governments of over $282 million in the first year of operation, with surpluses each year thereafter. It also notes voluntary contributions by the developer, including $4 million for infrastructure improvements from 2009-2011 and $2 million in charitable contributions.
This document provides a fiscal impact analysis of a proposed Dodge City Resort & Gaming development conducted by Meridian Business Advisors in September 2008. It estimates revenues and costs to the state of Kansas, Ford County, Dodge City, and local schools over five years if the development is built. Construction is estimated to take 3 years with revenues and costs estimated for the construction period and first two full years of operation. Total estimated revenues to all entities over 5 years are over $150 million while total estimated costs are around $50 million, resulting in a net positive fiscal impact.
This document provides a fiscal impact analysis of the proposed Legends Sun development in Kansas over 5 years. It estimates revenues and costs to state and local governments from property, sales, gaming and other taxes. Revenues are projected to significantly exceed costs, generating millions in annual surpluses for the state and local communities. Voluntary contributions by the developer are also projected to support infrastructure and community services.
This document provides revenue and cost estimates for the construction and first three years of operation of a casino development project in multiple locations. It estimates revenues from gaming, property taxes, sales taxes and other sources over three years, and estimates costs to local and state governments for services. It shows the development generating a surplus for local governments each year, with deficits for one county's school district in years 1 and 3.
This document summarizes the fiscal impact findings of a proposed casino development with two phases. It provides estimates of construction costs, permanent and construction jobs, annual visitors, gaming revenue, and projected 7-year revenue and costs for state, local and school governments. Revenues are estimated to significantly exceed costs, generating millions in surpluses for state, county and school budgets. The developer will also make voluntary contributions to local organizations.
This document provides revenue and cost estimates for the construction and first three years of operation of a proposed gaming and entertainment development called Marvel Gaming LLC. It is estimated to cost $235 million to construct over 24 months. In the first year of operation, it is estimated to generate $51.6 million in revenue for the City of Sumner and surrounding areas, with a $49.6 million surplus. Ongoing annual revenues are projected to be over $50 million with surpluses of tens of millions each year, providing substantial benefits to the local communities.
This document provides revenue and cost estimates for the proposed Harrah's Kansas casino and resort over a three year period from construction through the first full year of operation. It estimates that construction will take 24 months, with the opening date in August 2010. During construction in years 1 and 2, it estimates revenues from gaming revenue sharing and developer contributions, along with costs for law enforcement, public works, fire protection and EMS. In the first full year of operation, it estimates higher revenues from gaming, property taxes, sales taxes and income taxes, along with increased costs for law enforcement and other services. Over the three year period it estimates the project will generate millions in revenues for the local communities and surplus funds.
This document provides a fiscal impact analysis of a proposed casino development by Butler National Service Corporation in Dodge City, Ford County, Kansas. It includes estimates of annual revenue and costs to state and local governments over a 5-year period from 2009 to 2013. Revenue includes gaming revenue sharing, property taxes, sales taxes, and other sources. Costs include estimates for law enforcement, public works, education, fire protection and other services. The analysis finds the development would generate a surplus for state and local governments each year, with the largest surpluses occurring in the earlier years of temporary operations and construction.
This document provides a fiscal impact analysis of a proposed casino and resort development called Golden Heartland in Kansas. It summarizes estimated revenues and costs to different state and local governments over a 5-year period from the development's construction through its operation. Revenues come from gaming, property, sales, and other taxes. Costs include law enforcement, public works, education and other services. The analysis finds the development would generate significant financial surpluses for the state and local communities.
This document provides a fiscal impact analysis of a proposed Dodge City Resort & Gaming development conducted by Meridian Business Advisors in September 2008. It estimates revenues and costs to the state of Kansas, Ford County, Dodge City, and local schools over five years if the development is built. Construction is estimated to take 3 years with revenues and costs estimated for the construction period and first two full years of operation. Total estimated revenues to all entities over 5 years are over $150 million while total estimated costs are around $50 million, resulting in a net positive fiscal impact.
This document provides a fiscal impact analysis of the proposed Legends Sun development in Kansas over 5 years. It estimates revenues and costs to state and local governments from property, sales, gaming and other taxes. Revenues are projected to significantly exceed costs, generating millions in annual surpluses for the state and local communities. Voluntary contributions by the developer are also projected to support infrastructure and community services.
This document provides revenue and cost estimates for the construction and first three years of operation of a casino development project in multiple locations. It estimates revenues from gaming, property taxes, sales taxes and other sources over three years, and estimates costs to local and state governments for services. It shows the development generating a surplus for local governments each year, with deficits for one county's school district in years 1 and 3.
This document summarizes the fiscal impact findings of a proposed casino development with two phases. It provides estimates of construction costs, permanent and construction jobs, annual visitors, gaming revenue, and projected 7-year revenue and costs for state, local and school governments. Revenues are estimated to significantly exceed costs, generating millions in surpluses for state, county and school budgets. The developer will also make voluntary contributions to local organizations.
This document provides revenue and cost estimates for the construction and first three years of operation of a proposed gaming and entertainment development called Marvel Gaming LLC. It is estimated to cost $235 million to construct over 24 months. In the first year of operation, it is estimated to generate $51.6 million in revenue for the City of Sumner and surrounding areas, with a $49.6 million surplus. Ongoing annual revenues are projected to be over $50 million with surpluses of tens of millions each year, providing substantial benefits to the local communities.
This document provides revenue and cost estimates for the proposed Harrah's Kansas casino and resort over a three year period from construction through the first full year of operation. It estimates that construction will take 24 months, with the opening date in August 2010. During construction in years 1 and 2, it estimates revenues from gaming revenue sharing and developer contributions, along with costs for law enforcement, public works, fire protection and EMS. In the first full year of operation, it estimates higher revenues from gaming, property taxes, sales taxes and income taxes, along with increased costs for law enforcement and other services. Over the three year period it estimates the project will generate millions in revenues for the local communities and surplus funds.
This document provides a fiscal impact analysis of a proposed casino development by Butler National Service Corporation in Dodge City, Ford County, Kansas. It includes estimates of annual revenue and costs to state and local governments over a 5-year period from 2009 to 2013. Revenue includes gaming revenue sharing, property taxes, sales taxes, and other sources. Costs include estimates for law enforcement, public works, education, fire protection and other services. The analysis finds the development would generate a surplus for state and local governments each year, with the largest surpluses occurring in the earlier years of temporary operations and construction.
This document provides a fiscal impact analysis of a proposed casino and resort development called Golden Heartland in Kansas. It summarizes estimated revenues and costs to different state and local governments over a 5-year period from the development's construction through its operation. Revenues come from gaming, property, sales, and other taxes. Costs include law enforcement, public works, education and other services. The analysis finds the development would generate significant financial surpluses for the state and local communities.
This document provides a fiscal impact analysis of a proposed casino and entertainment development in Kansas. It estimates revenues and costs to state and local governments over a 5-year period. Revenues are projected from gaming, property, sales, income and other taxes. Costs include law enforcement, public works, education and fire protection. The analysis finds the development would generate a surplus for governments each year, with total projected revenue of over $500 million by year 5.
The document analyzes the fiscal impact of two proposed gaming facilities in Kansas. For Global Gaming in Wellington, it estimates annual revenues of $200 million for the state and surpluses for other entities. For Peninsula Gaming in Mulvane, it estimates annual revenues of $289 million for the state and surpluses for other entities except the city of Mulvane which would have a deficit. The analysis also compares the applicants' estimates to the consultant's estimates.
This document summarizes an economic impact presentation given to the Kansas Racing and Gaming Commission Facilities Review Board on December 1, 2010 in Topeka, Kansas. It discusses the economic impacts of proposed gaming facilities in Sumner County, Kansas from two applicants - Global Gaming and Peninsula Gaming. The presentation covers the scope of work, economic impact approach and models, revenue forecasts, construction impacts, and operating impacts for both proposed facilities through 2016 under different development scenarios. It also discusses adjustments made to gaming revenue estimates and how new gaming spending by Kansans may impact other local businesses. Unique non-gaming amenities like Global's proposed road race course and Peninsula's equestrian center are also mentioned.
The document argues that the Kansas Star casino contract would maximize revenue for Kansas based on analyses showing it would generate significantly more gaming revenue, tax revenue, and economic benefits than the competing WinSpirit proposal. It asserts Kansas Star would produce over $70 million more in gaming revenue annually by 2016 and nearly 50% more total tax revenue over seven years. Additionally, the document claims Kansas Star would better promote tourism in Kansas by investing more in amenities like a larger hotel and convention center and attracting more out-of-town visitors.
Az intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
This document contains tables summarizing public land management revenues, expenditures, employment and output for Arizona and the Bureau of Land Management nationwide from fiscal years 2008 to 2012. For Arizona, revenues averaged $237.7 million, expenditures averaged $16.8 million, and net revenue averaged $220.9 million over the five year period. For the BLM nationwide, total revenues averaged $4.7 billion, total expenses averaged $2.2 billion, and net revenue averaged $2.4 billion annually.
Mike Weber from PGAV Planners presented on several topics related to TIF planning and closeout. He discussed the differences between property tax and sales tax TIFs, the importance of planning for TIF closeout by developing revenue and obligation projections. He also reviewed the process for distributing any surplus funds at the end of a TIF according to statutory requirements. Key questions around combining property and sales tax TIFs or handling revenue received after TIF termination were also discussed.
This document contains tables summarizing land management revenues, expenditures, employment, and output for New Mexico and the Bureau of Land Management (BLM) nationwide from fiscal years 2008 to 2012. Key figures for New Mexico include total annual revenues ranging from $420 million to $652 million, expenditures from $13 million to $13 million, and net revenues from $407 million to $639 million. For the BLM nationwide, total annual revenues ranged from $4.1 billion to $5 billion, expenditures from $1.7 billion to $2.4 billion, and net revenues from $2 billion to $2.6 billion.
Nv intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
The document contains tables summarizing revenue, expenses, and other data related to public land management in Nevada and other states over multiple years. Table 19B shows revenue distributed to Nevada state and local governments from 2008-2012 from BLM Nevada, DOI ONRR, and PILT payments. Total revenue distributed per acre managed by BLM in Nevada ranged from $0.72 to $1.13 over this period.
The document provides an overview of the proposed FY19 budget for Bryan-College Station. It summarizes expenditures from various special revenue funds including Hotel Tax, Community Development, Roadway Maintenance, Impact Fees, Cemetery funds, TIF/TIRZ funds, and Court/Police funds. It also summarizes the financial forecasts and capital project plans for the Electric and Water Enterprise funds, including proposed Service Level Adjustments.
Intertech Complete Public Land Management Task Force Report Tables American Lands Council
This document contains tables summarizing public land management revenues, expenditures, employment and output for the states of Arizona, Idaho, New Mexico, and Utah over a five year period from FY2008 to FY2012. The tables provide details on total acres managed, revenues and expenditures by source (e.g. grazing, agriculture, oil/gas leases), number of leases, revenue and expenditures per acre, and distribution of revenues to state beneficiaries for each state.
Id intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
The document contains tables summarizing land management revenues, expenditures, employment and output data for Idaho and several other states over a five year period from 2008-2012. It also contains estimated projections for Nevada using average figures from the other states. Key data includes total revenues, expenditures, acres managed, revenue per acre, and staffing levels (FTEs) for each state and nationwide for the Bureau of Land Management (BLM).
Ut intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
This document contains tables summarizing revenues, expenditures, employment, and land management over five years for the Bureau of Land Management nationwide. It shows that from 2008 to 2012, BLM revenues increased from $5.9 billion to $5 billion while expenditures increased from $2.2 billion to $2.4 billion. The number of acres managed also increased slightly over this period. Key metrics like revenue, expenditures, and net revenue per acre fluctuated over the five years.
The document summarizes the financial challenges facing the city of Cedar Falls and the actions under consideration by the budget taskforce. It notes that personnel costs make up 63% of the general fund budget and that maintaining a 2% annual salary increase would require $49 million in new growth annually. Projections show the city running out of funding tools to balance the budget within 5 years without service cuts or tax increases. The taskforce is charged with increasing productivity, consolidating services, and making interim staffing and service recommendations prior to completing its long-term financial plan in 2015.
The document discusses two proposed casino projects in Kansas - Kansas Star and WinSpirit. Kansas Star promises to invest $260 million, build amenities sooner including a 100,000 square foot event center and $25 million equestrian complex, and generate more gaming revenue, taxes, and jobs for the state. It argues Kansas Star's management team has more experience building and operating successful casino projects on time and on budget and will spend more on advertising to drive higher revenue. The document positions Kansas Star as the best and most lucrative choice for Kansas.
The document analyzes gaming revenue and visit projections for two proposed casinos in South Central Kansas - Global Gaming's WinSpirit casino and Peninsula Gaming's Kansas Star casino. Wells Gaming Research customized proprietary models to project revenues and visits for each casino over multiple phases of development, accounting for existing and planned competition. Their projections show WinSpirit with higher revenues and visits initially, but Kansas Star surpassing it once fully built out. The addition of a 1,000 slot Wyandotte tribal casino would significantly reduce projections for both facilities by 17-43% according to the analysis.
The document provides a review and comparison of the ancillary development proposals of two applicants - Global Gaming Solutions (GGS) and Peninsula Gaming Partners (PGP) - for a gaming license in the South Central Zone of Kansas. It finds that both proposals involve investing $280-285 million to develop regional entertainment destinations relying largely on local gamers within 100 miles. While PGP forecasts higher gaming demand and revenue, GGS proposes comparable gaming capacity with lower projected spending per visitor. The review also compares the applicants' proposals for dining, bars, entertainment, hotels, retail, and parking, finding differences in concepts, capacity, and projected performance.
This document provides budget execution information for revenues for the municipality of Titirivi for the period of January 1, 2011 to December 31, 2011. It shows the initial budget appropriation, additions, revenues collected during the period, definitive appropriation, total revenues collected, balance left to collect, and percentage of revenues collected. It provides this information broken down by categories of current revenues from national, departmental, and local sources. Overall, revenues collected during the period represented 8% of the definitive appropriation, with 96% still left to collect.
The document provides a history and financial update of the Keller Tax Increment Reinvestment Zone No. 1 (TIRZ) in Keller, Texas. It discusses the establishment of the TIRZ in 1998 and amendments made to the capital improvement plan, increasing it to $32.95 million. It also summarizes the TIRZ's debt issuances from 1999-2010 to fund capital projects and refund bonds at lower interest rates. Additionally, it reviews the TIRZ's incremental property value captures, revenues received, debt payments made, and ending fund balances from 1999-2012.
The document provides a budget and performance summary for Ekiti State of Nigeria for 2010. It shows:
- Revenue was estimated at N69.9 billion but actual performance was N42.4 billion, or 60.65% of estimate. Recurrent revenue was estimated at N40.6 billion but came in at N23.9 billion, or 58.83% of estimate.
- Expenditure was estimated at N69.9 billion but actual spending was N42.3 billion, or 60.42% of estimate. Recurrent expenditure was estimated at N31.9 billion and actual was N31.5 billion, or 98.66% of estimate.
- Key revenue sources
This document analyzes the proposed capital construction costs for two casino projects in Sumner County, Kansas - Kansas Star and WinSpirit. It reviews the applicants' proposed scopes of work, develops its own cost models, and compares estimated costs to applicant budgets. For Kansas Star's three-phase project, estimated costs ranged from $161-179 million compared to budgeted costs of $166-175 million. For WinSpirit's two-phase project, the estimated cost was $151 million compared to the $158 million budget. The analysis methodology included reviewing project documentation, developing own cost models for buildings and site work, and evaluating costs by phase and overall.
The document provides gaming revenue projections for Marvel Gaming LLC's proposed casino ("Marvel Wellington") in Kansas. It projects Marvel Wellington will generate total annual gaming revenues of $130.2 million, lower than the $174 million projected for Harrah's Mulvane casino. The document also compares the source of consumer spending and visitation at each Kansas casino. It finds Harrah's Mulvane location would elicit more consumer spending due to being 11 minutes closer to the population center. Overall, the document projects lower revenues for Marvel Wellington than Marvel's own projections or other competitors.
- Kansas Gaming Partners intends to develop the $150 million Chisholm Creek Casino Resort in Sumner County, Kansas. It is owned by Lakes Entertainment (17%), CVG Kansas Gaming (33%), and Kansas Gaming Holdings (50%).
- CVG and KGH plan to fund their shares from existing funds, but Lakes intends to raise capital through public markets, which may be difficult given current market conditions.
- If Lakes cannot raise the funds, CVG and KGH have agreed to cover any shortfall according to their ownership percentages.
This document provides a fiscal impact analysis of a proposed casino and entertainment development in Kansas. It estimates revenues and costs to state and local governments over a 5-year period. Revenues are projected from gaming, property, sales, income and other taxes. Costs include law enforcement, public works, education and fire protection. The analysis finds the development would generate a surplus for governments each year, with total projected revenue of over $500 million by year 5.
The document analyzes the fiscal impact of two proposed gaming facilities in Kansas. For Global Gaming in Wellington, it estimates annual revenues of $200 million for the state and surpluses for other entities. For Peninsula Gaming in Mulvane, it estimates annual revenues of $289 million for the state and surpluses for other entities except the city of Mulvane which would have a deficit. The analysis also compares the applicants' estimates to the consultant's estimates.
This document summarizes an economic impact presentation given to the Kansas Racing and Gaming Commission Facilities Review Board on December 1, 2010 in Topeka, Kansas. It discusses the economic impacts of proposed gaming facilities in Sumner County, Kansas from two applicants - Global Gaming and Peninsula Gaming. The presentation covers the scope of work, economic impact approach and models, revenue forecasts, construction impacts, and operating impacts for both proposed facilities through 2016 under different development scenarios. It also discusses adjustments made to gaming revenue estimates and how new gaming spending by Kansans may impact other local businesses. Unique non-gaming amenities like Global's proposed road race course and Peninsula's equestrian center are also mentioned.
The document argues that the Kansas Star casino contract would maximize revenue for Kansas based on analyses showing it would generate significantly more gaming revenue, tax revenue, and economic benefits than the competing WinSpirit proposal. It asserts Kansas Star would produce over $70 million more in gaming revenue annually by 2016 and nearly 50% more total tax revenue over seven years. Additionally, the document claims Kansas Star would better promote tourism in Kansas by investing more in amenities like a larger hotel and convention center and attracting more out-of-town visitors.
Az intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
This document contains tables summarizing public land management revenues, expenditures, employment and output for Arizona and the Bureau of Land Management nationwide from fiscal years 2008 to 2012. For Arizona, revenues averaged $237.7 million, expenditures averaged $16.8 million, and net revenue averaged $220.9 million over the five year period. For the BLM nationwide, total revenues averaged $4.7 billion, total expenses averaged $2.2 billion, and net revenue averaged $2.4 billion annually.
Mike Weber from PGAV Planners presented on several topics related to TIF planning and closeout. He discussed the differences between property tax and sales tax TIFs, the importance of planning for TIF closeout by developing revenue and obligation projections. He also reviewed the process for distributing any surplus funds at the end of a TIF according to statutory requirements. Key questions around combining property and sales tax TIFs or handling revenue received after TIF termination were also discussed.
This document contains tables summarizing land management revenues, expenditures, employment, and output for New Mexico and the Bureau of Land Management (BLM) nationwide from fiscal years 2008 to 2012. Key figures for New Mexico include total annual revenues ranging from $420 million to $652 million, expenditures from $13 million to $13 million, and net revenues from $407 million to $639 million. For the BLM nationwide, total annual revenues ranged from $4.1 billion to $5 billion, expenditures from $1.7 billion to $2.4 billion, and net revenues from $2 billion to $2.6 billion.
Nv intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
The document contains tables summarizing revenue, expenses, and other data related to public land management in Nevada and other states over multiple years. Table 19B shows revenue distributed to Nevada state and local governments from 2008-2012 from BLM Nevada, DOI ONRR, and PILT payments. Total revenue distributed per acre managed by BLM in Nevada ranged from $0.72 to $1.13 over this period.
The document provides an overview of the proposed FY19 budget for Bryan-College Station. It summarizes expenditures from various special revenue funds including Hotel Tax, Community Development, Roadway Maintenance, Impact Fees, Cemetery funds, TIF/TIRZ funds, and Court/Police funds. It also summarizes the financial forecasts and capital project plans for the Electric and Water Enterprise funds, including proposed Service Level Adjustments.
Intertech Complete Public Land Management Task Force Report Tables American Lands Council
This document contains tables summarizing public land management revenues, expenditures, employment and output for the states of Arizona, Idaho, New Mexico, and Utah over a five year period from FY2008 to FY2012. The tables provide details on total acres managed, revenues and expenditures by source (e.g. grazing, agriculture, oil/gas leases), number of leases, revenue and expenditures per acre, and distribution of revenues to state beneficiaries for each state.
Id intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
The document contains tables summarizing land management revenues, expenditures, employment and output data for Idaho and several other states over a five year period from 2008-2012. It also contains estimated projections for Nevada using average figures from the other states. Key data includes total revenues, expenditures, acres managed, revenue per acre, and staffing levels (FTEs) for each state and nationwide for the Bureau of Land Management (BLM).
Ut intertech-preliminary-draft-public-land-mgmt-task-force-report-tablesAmerican Lands Council
This document contains tables summarizing revenues, expenditures, employment, and land management over five years for the Bureau of Land Management nationwide. It shows that from 2008 to 2012, BLM revenues increased from $5.9 billion to $5 billion while expenditures increased from $2.2 billion to $2.4 billion. The number of acres managed also increased slightly over this period. Key metrics like revenue, expenditures, and net revenue per acre fluctuated over the five years.
The document summarizes the financial challenges facing the city of Cedar Falls and the actions under consideration by the budget taskforce. It notes that personnel costs make up 63% of the general fund budget and that maintaining a 2% annual salary increase would require $49 million in new growth annually. Projections show the city running out of funding tools to balance the budget within 5 years without service cuts or tax increases. The taskforce is charged with increasing productivity, consolidating services, and making interim staffing and service recommendations prior to completing its long-term financial plan in 2015.
The document discusses two proposed casino projects in Kansas - Kansas Star and WinSpirit. Kansas Star promises to invest $260 million, build amenities sooner including a 100,000 square foot event center and $25 million equestrian complex, and generate more gaming revenue, taxes, and jobs for the state. It argues Kansas Star's management team has more experience building and operating successful casino projects on time and on budget and will spend more on advertising to drive higher revenue. The document positions Kansas Star as the best and most lucrative choice for Kansas.
The document analyzes gaming revenue and visit projections for two proposed casinos in South Central Kansas - Global Gaming's WinSpirit casino and Peninsula Gaming's Kansas Star casino. Wells Gaming Research customized proprietary models to project revenues and visits for each casino over multiple phases of development, accounting for existing and planned competition. Their projections show WinSpirit with higher revenues and visits initially, but Kansas Star surpassing it once fully built out. The addition of a 1,000 slot Wyandotte tribal casino would significantly reduce projections for both facilities by 17-43% according to the analysis.
The document provides a review and comparison of the ancillary development proposals of two applicants - Global Gaming Solutions (GGS) and Peninsula Gaming Partners (PGP) - for a gaming license in the South Central Zone of Kansas. It finds that both proposals involve investing $280-285 million to develop regional entertainment destinations relying largely on local gamers within 100 miles. While PGP forecasts higher gaming demand and revenue, GGS proposes comparable gaming capacity with lower projected spending per visitor. The review also compares the applicants' proposals for dining, bars, entertainment, hotels, retail, and parking, finding differences in concepts, capacity, and projected performance.
This document provides budget execution information for revenues for the municipality of Titirivi for the period of January 1, 2011 to December 31, 2011. It shows the initial budget appropriation, additions, revenues collected during the period, definitive appropriation, total revenues collected, balance left to collect, and percentage of revenues collected. It provides this information broken down by categories of current revenues from national, departmental, and local sources. Overall, revenues collected during the period represented 8% of the definitive appropriation, with 96% still left to collect.
The document provides a history and financial update of the Keller Tax Increment Reinvestment Zone No. 1 (TIRZ) in Keller, Texas. It discusses the establishment of the TIRZ in 1998 and amendments made to the capital improvement plan, increasing it to $32.95 million. It also summarizes the TIRZ's debt issuances from 1999-2010 to fund capital projects and refund bonds at lower interest rates. Additionally, it reviews the TIRZ's incremental property value captures, revenues received, debt payments made, and ending fund balances from 1999-2012.
The document provides a budget and performance summary for Ekiti State of Nigeria for 2010. It shows:
- Revenue was estimated at N69.9 billion but actual performance was N42.4 billion, or 60.65% of estimate. Recurrent revenue was estimated at N40.6 billion but came in at N23.9 billion, or 58.83% of estimate.
- Expenditure was estimated at N69.9 billion but actual spending was N42.3 billion, or 60.42% of estimate. Recurrent expenditure was estimated at N31.9 billion and actual was N31.5 billion, or 98.66% of estimate.
- Key revenue sources
This document analyzes the proposed capital construction costs for two casino projects in Sumner County, Kansas - Kansas Star and WinSpirit. It reviews the applicants' proposed scopes of work, develops its own cost models, and compares estimated costs to applicant budgets. For Kansas Star's three-phase project, estimated costs ranged from $161-179 million compared to budgeted costs of $166-175 million. For WinSpirit's two-phase project, the estimated cost was $151 million compared to the $158 million budget. The analysis methodology included reviewing project documentation, developing own cost models for buildings and site work, and evaluating costs by phase and overall.
The document provides gaming revenue projections for Marvel Gaming LLC's proposed casino ("Marvel Wellington") in Kansas. It projects Marvel Wellington will generate total annual gaming revenues of $130.2 million, lower than the $174 million projected for Harrah's Mulvane casino. The document also compares the source of consumer spending and visitation at each Kansas casino. It finds Harrah's Mulvane location would elicit more consumer spending due to being 11 minutes closer to the population center. Overall, the document projects lower revenues for Marvel Wellington than Marvel's own projections or other competitors.
- Kansas Gaming Partners intends to develop the $150 million Chisholm Creek Casino Resort in Sumner County, Kansas. It is owned by Lakes Entertainment (17%), CVG Kansas Gaming (33%), and Kansas Gaming Holdings (50%).
- CVG and KGH plan to fund their shares from existing funds, but Lakes intends to raise capital through public markets, which may be difficult given current market conditions.
- If Lakes cannot raise the funds, CVG and KGH have agreed to cover any shortfall according to their ownership percentages.
- Kansas Entertainment, LLC is jointly owned by Penn Hollywood Kansas and Kansas Speedway Development Corporation, which are both ultimately owned by publicly traded companies Penn National Gaming and International Speedway Corporation.
- The project budget for developing the Penn Hollywood Kansas casino is $386.8 million, excluding the $100 million value of the land. Kansas Entertainment plans to fund the majority of this through project financing, but obtaining full financing may not be feasible.
- Both parent companies have sufficient liquidity and cash flow to fund the entire development costs themselves or absorb potential cost overruns, based on analyst projections for the parent companies through 2011 when construction is slated to be complete.
Will Cummings of Cummings Associates presented gaming revenue projections for the proposed Chisholm Creek casino in south-central Kansas. Cummings projected that phase 1 of the casino with 1,300 slots and no hotel would generate $163 million in total annual revenue. The full buildout with 2,000 slots and a 150-room hotel was projected to generate $192.8 million in total annual revenue. Cummings' projections were higher than the applicant's projections of $121.1 million for phase 1 and $230 million for the full buildout. Cummings also projected the casinos would result in $48.8 million in net exports and attract 73,300 tourists annually for phase 1,
Sumner county financial suitability7 25 latest versionkrgc
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help alleviate symptoms of mental illness and boost overall mental well-being.
This document discusses general economic principles related to casino gaming facilities and bids in Kansas. It notes that the Review Board should select projects that maximize state revenues, enhance tourism, and are in the public interest. It then discusses factors like local versus tourist markets, commoditization of games, differentiation strategies, and economic and fiscal impacts. Specific observations are made about proposals and markets in Southeast and South Central Kansas.
This document provides revenue and cost estimates for a proposed casino development over three years of construction and operations. It estimates that in year two, during construction, the development will generate over $2 million in state sales tax revenue and $566,766 in county sales tax revenue from building materials purchases and FF&E. In year three of operations, it estimates over $1.7 million in taxable retail sales will generate $91,255 in state sales tax and $25,827 in county sales tax revenue. The development is also projected to provide millions of dollars in annual property tax revenue for local governments.
This document provides a 3-year summary of estimated revenues and costs for several jurisdictions related to a new construction project. In year 1, revenues are estimated at $58.5 million with costs of $10.1 million, resulting in a surplus of $48.4 million. Year 2 estimates revenues of $60.5 million and costs of $10.1 million for a surplus of $50.5 million. The revised consultant estimates for year 3 show total revenues across jurisdictions of $36.1 million and total costs of $13.3 million, resulting in a combined surplus of $22.8 million over the 3-year period.
This document contains tables summarizing public land management revenues, expenditures, employment and output for various states and for the Bureau of Land Management nationwide over a five year period from 2008-2012. Key figures reported include total revenues, expenses, net revenue, acres managed, revenue and expenses per acre, full time employees and revenue/expense per FTE. The data shows variation between states and years in these metrics.
This document contains tables summarizing land management revenues, expenditures, employment, and output for Utah and several other states over a five year period from 2008-2012. It also contains tables projecting potential revenues, expenditures, employment if Nevada were to expand its state land management program based on averages from Utah, Arizona, New Mexico, and Idaho models. Revenues come from sources like surface management, oil and gas leasing, timber, and land sales. Expenditures covered operating and capital costs. Projections for Nevada estimated revenues of $248-592 million, expenditures of $18-86 million, and 165-1070 jobs depending on the state model used.
This document contains tables summarizing land management revenues, expenses, employment and output for Idaho and several other states over a five year period from 2008-2012. It also contains tables comparing these metrics across multiple states and estimating potential revenues, expenses and employment if Nevada were to manage additional public lands using models from other states. Revenues come from activities like grazing, agriculture/residential leases, timber, minerals and more.
This document provides a quarterly financial report for the city as of September 30, 2021. It summarizes revenues and expenditures for the general fund, utility fund, and capital projects fund. The general fund ended the year with total revenues at 99% of budget and expenditures at 92% of budget. Utility fund revenues were 114% of budget. The investment portfolio totaled $28.1 million as of September 30, with 96% in investment pools and 2% in certificates of deposits. Overall, the city's financial position through the fourth quarter of the fiscal year is positive.
The quarterly financial report summarizes the city's finances as of June 30, 2021. For the general fund, revenues were at 85% of budget while expenditures were at 64% of budget, leaving the fund with a positive operating balance. Property tax collections reached 96% of budget and sales tax revenues were at 79% of budget. The utility fund revenues were at 84% of budget and expenditures were at 57% of budget, also leaving a positive operating balance. Overall, the city's financial position remains positive at the end of the third quarter.
- General Fund revenues were 71% of budget and expenditures were 43% of budget for the quarter, resulting in a positive operating balance. Property tax collections were 89% of budget and sales tax revenues were 54% of budget.
- Utility Fund revenues were 54% of budget and expenditures were 34% of budget, also resulting in a positive operating balance.
- The city's investment portfolio increased over $3.7 million from the beginning of the fiscal year and remains diversified across investment pools, certificates of deposit, and bank accounts in accordance with the city's investment policy.
The proposed FY 2017-2018 budget for the City of College Station outlines key factors influencing the budget such as promoting citizen involvement and economic growth. The budget proposes increases to address growth in public safety, maintenance needs, and capital projects. Major decision points include compensation increases, proposed tax and utility rate increases, and a capital budget totaling $120.9 million for infrastructure and facilities.
This document provides an overview and agenda for the City of College Station's budget workshops for the General Fund O&M. It discusses the budget process and timeline, strategic plan objectives focused on financial sustainability, revenue assumptions including decreases in property values, sales tax, and population growth, and proposed expenditure reductions through position cuts and decreased departmental expenses. While the FY2021 budget is balanced, future year forecasts project declining revenues that may require further service reductions if mitigation strategies are not sufficient.
The quarterly financial report summarizes the city's financial position as of March 31, 2017. Revenues for the general fund were 73% of budget while expenditures were 43% of budget, resulting in a positive operating balance. Property tax collections were at 91% of budget. Revenues for the utility fund were 44% of budget and expenditures were 36% of budget, also resulting in a positive operating balance. Key performance indicators for the city's investment portfolio were within established benchmarks and strategies.
The document contains tables summarizing revenue, expenses, and employment statistics for public land management in several Western states, including Nevada, and for the Bureau of Land Management nationwide from 2008-2012. It shows that on average, revenue from public lands was highest in New Mexico at $59.25 per acre, while expenses were highest in Idaho at $8.60 per acre. On average, net revenue per acre ranged from $16.60 in Idaho to $57.78 in New Mexico. For BLM nationwide, total revenue averaged $559,317 per FTE while expenses averaged $212,088 and net revenue $347,229 per FTE over the 5-year period.
The quarterly financial report for the City of Alamo Heights as of September 30, 2017 showed that:
1) The General Fund revenues were at 100% of budget and expenditures were at 94% of budget, resulting in a surplus. Property tax collections were at 99.6% of budget.
2) Utility Fund revenues were at 96% of budget and expenditures were at 87% of budget, also resulting in a surplus.
3) The investment portfolio totaled $8.2 million as of September 30, 2017 and was diversified across different investment types and within performance measures.
Budget Committee Presentation March 19Brett Deaton
The document summarizes the city of Duluth's budget creation process and options for balancing the FY2010 budget. It includes a timeline of budget preparation from January to June, an overview of FY2009 revenues and expenditures, proposed cuts to department budgets for FY2010, and additional options like increasing property taxes or reducing services to address a projected $2.3 million revenue shortfall.
- The quarterly financial report presented by the Finance Director showed that for the first quarter of FY 2019: General Fund revenues were 42% of budget and expenditures were 20% of budget, leaving the fund with a positive balance. Property tax collections were 56% of budget.
- The Utility Fund revenues were 20% of budget and expenditures were 12% of budget, also leaving a positive balance.
- The investment portfolio totaled over $13 million as of December 31, 2018 and was in compliance with the City's investment strategies.
The Finance Director presented the proposed FY 2019-20 budget. The budget is required to be balanced with revenues covering expenditures. The proposed budget projects $325,971 in net revenue after transfers. This would increase the general fund balance to $5.3 million. The utility fund budget projects a $1.3 million operating surplus with a $1.4 million fund balance. The document outlines revenues, expenditures and fund balances for other governmental funds including capital projects and street maintenance. It schedules public hearings on September 9th and budget adoption on September 23rd.
- The quarterly financial report summarizes the city's revenues and expenditures for the first quarter of FY 2016-2017 as of December 30, 2016. Overall revenues and expenditures for the general fund and utility fund were within budget for the quarter.
- Property tax collections were at 58% of the annual budget for the general fund portion. Revenues for the general fund were at 43% of budget while expenditures were at 22% of budget for the quarter.
- Revenues for the utility fund, which includes water and sewer, were at 24% of budget while expenditures for the utility fund were at 17% of budget for the quarter. The city's financial position remains positive at the end of the first quarter.
- The quarterly financial report summarizes the city's revenues and expenditures as of June 30, 2016, which is three quarters through the fiscal year.
- For the general fund, revenues are at 87% of budget while expenditures are at 66% of budget, leaving a positive operating balance. Property tax collections are at 97% of budget.
- The utility fund revenues are at 68% of budget while expenditures are at 55% of budget, also leaving a positive operating balance.
- Overall, the city's financial position remains positive with revenues and expenditures generally on track through three quarters of the fiscal year.
- The city's quarterly financial report shows that as of March 31, 2016, the general fund revenues were 71% of budget and expenditures were 44% of budget, leaving a positive operating balance. Property tax collections were at 91% of budget. The utility fund revenues were 46% of budget and expenditures were 35% of budget, also leaving a positive operating balance. The investment portfolio balance increased from the prior quarter to over $9.4 million as of March 31, 2016. Overall, the city's financial position remains positive at the halfway point of the fiscal year.
This group of experienced regional casino developers and operators proposes to build Kansas Crossing casino and hotel in southeast Kansas. The development is expected to generate $69 million in initial construction spending, create hundreds of jobs, and generate $10 million annually for state and local governments through taxes. As the largest entertainment venue in the region, Kansas Crossing aims to boost tourism by attracting out-of-state visitors and partnering with local organizations to promote southeast Kansas.
This document summarizes Douglas Walker's presentation on forecasting economic impacts and competitive impacts of casinos in southeast Kansas. Some key points:
- Walker estimates that a new casino would result in a 9.9% increase in employment, 3.4% increase in average weekly wages, and 1.7% increase in the number of establishments in the county. Crawford County is estimated to see larger gains due to its larger population.
- 14 casinos in northeast Oklahoma located within 25 miles of the Kansas border could competitively impact the proposed southeast Kansas casinos. Walker uses a model of competition among Missouri casinos to analyze these competitive effects.
- Location and distance between casinos may impact competition based on Hot
The document provides an analysis of the potential fiscal impacts of three proposed gaming facilities - Camptown Casino, Kansas Crossing Casino, and Castle Rock Casino - in southeast Kansas. It summarizes the methodology used, including adjustments made to the revenue estimates provided by the applicants. Revenue estimates over 5 years are provided for the state of Kansas, local counties and cities, school districts, and other impacted entities. Estimated costs to local and state governments to provide services to each facility are also summarized. The analysis finds differences between the revenue and cost estimates provided by EEC and the original numbers submitted by the applicants.
Civic Economics (Dan Houston, Matt Cunningham)krgc
The document analyzes the potential economic impacts of three proposed gaming facility projects in Kansas: Camptown, Kansas Crossing, and Castle Rock. It finds that Castle Rock would have the largest economic impact during construction, supporting over 900 jobs and contributing $134.2 million to total economic output. During operations in 2019, Castle Rock is estimated to support 584 jobs and contribute $72.9 million to economic output, more than the other two proposals. The analysis examines impacts from construction spending, facility operations, gaming revenues, and local resident spending.
Union Gaming Analytics was commissioned by the Kansas Lottery Gaming Facility Review Board to evaluate three applicants for a gaming license in southeast Kansas. The analysis included projections for gross gaming revenue, visitation numbers, tax revenue, and economic impacts for each applicant. The methodology involved examining demographic data within drive time radii of the proposed sites, establishing a theoretical gaming market, and applying proprietary capture rates to project revenues and visitation from local, near-local, and regional populations. Consultants then evaluated the economic and fiscal impacts, amenities, and financial suitability of each applicant.
The document analyzes and evaluates the financial suitability of three applicants for a gaming license in Southeast Kansas: Frontenac Development, Castle Rock Casino Resort, and Kansas Crossing Casino. For each applicant, it summarizes the ownership structure, project budget, proposed financing sources, and Union Gaming's analysis and conclusion on their financial viability and ability to fund the projects. While Frontenac and Kansas Crossing were deemed sufficiently capitalized, Castle Rock's ability to obtain the required debt financing was called into question due to uncertainties around land valuation and high projected leverage.
The three proposed casino projects in Kansas Southeast Zone are similar in their Phase 1 concepts, having a minimum critical mass to win the bid but also achieve initial success. Camptown and Kansas Crossing propose smaller local casinos, while Castle Rock proposes a larger regional destination. All have similar potential for Phase 1 success despite different strengths and weaknesses. The key decision is whether to prefer two smaller local casinos or one larger regional casino. The regional casino has the greatest revenue potential but also the least room for error. The owner/team's ability to adapt may be more important than initial plans. However, the tax rate difference between Kansas and Oklahoma gives Oklahoma casinos an advantage in any marketing war.
This document provides an overview and analysis of projections for new casinos proposed in southeastern Kansas. It discusses the use of gravity models to project gaming revenues and financial performance based on location, size, competition and other factors. Specifically, it examines how spending declines with distance from a casino based on players' club and other data. Bigger casinos are generally better due to economies of scale. The presentation compares various existing casinos' "power ratings" which reflect their overall attractiveness based on revenues adjusted for location.
Camptown Casino will be located in Frontenac, Kansas. It will include 750 slot machines, 20 table games, a 62-room hotel, and Gilley's Saloon entertainment venue. Phil Ruffin, an experienced casino operator, will personally finance the $84 million project. It is projected to create 300 jobs and attract nearly 1 million visitors annually from Missouri, Kansas, and other nearby states. Camptown aims to open sooner than competing proposals and will donate $50,000 annually to the local school district.
2015 LGFRB Presentation Castle Rock Casino Resort krgc
This document provides details about the proposed Castle Rock Casino Resort development project. It outlines the developers, architects, management company, contractors, and legal consultants involved. It also provides information on the size and amenities of the casino, hotel, meeting space, and other facilities. Projected revenues, taxes, employment, and visitation are presented. The management and development experience of the casino operator, American Casino and Entertainment Company, is summarized.
Global Gaming KS, LLC presented to the Kansas Lottery Gaming Facility Review Board on their proposal for a gaming facility. They argued that their selected Exit 19 site is clean with infrastructure, has community support, and avoids legal issues. Their planned 260,000 square foot facility with hotel would open fully within 14 months. While an interim facility lacks appeal, their permanent destination-quality development would include restaurants, entertainment, and gaming expansion over time. They believe revenue differences between Exit 19 and 33 sites are negligible and addressed counterarguments.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can calm the mind and help prevent worrying thoughts. Meditation lowers stress levels in the body by reducing blood pressure and cortisol levels.
Dean Macomber summarizes his analysis of Global Gaming's proposal for a race track as a tourism generator. He finds that Global's projections of attracting a "Big Event" with 50,000-100,000 visitors are speculative given the limited number of comparable racing events and competition from existing tracks. Their projections of smaller events generating the remaining 50,000 visitors also seem aggressive. In contrast, an equestrian center like Peninsula proposes could attract equine, entertainment, and convention events more reliably as a tourism generator.
peninsula plans meet or exceed drainage standardskrgc
The document is a letter from Christopher Young, a civil engineering consultant, to the chairman of the Kansas Lottery Gaming Facility Review Board regarding a proposed drainage system for a proposed Kansas Star Casino development. Young serves as the City Engineer for Mulvane, Kansas and has reviewed drainage plans submitted by the developer. He concludes that the proposed drainage improvements, including a detention pond facility, will meet or exceed the City of Mulvane's stormwater drainage policy by having outflow rates less than existing conditions for 2-, 5-, 10-, and 100-year storm events.
This document is a response from Cummings Associates to submissions from Global Gaming Solutions regarding revenue projections and the effects of distance on revenues. Cummings disagrees with some of Global Gaming's assertions, such as that the revenue differential between two proposed casino sites is mostly due to attractiveness rather than distance. Cummings also argues that survey data is not an accurate predictor of economic behavior like casino spending. Overall, Cummings believes distance has a larger impact on revenues than Global Gaming suggests, based on Cummings' analysis of casino performance data from multiple markets.
The memorandum summarizes a request from the Kansas Lottery Gaming Facility Review Board for additional information about two competing casino applications in Kansas. Specifically, it provides details about 1) drainage and flooding issues at the proposed sites, 2) local approvals and endorsements for the sites, and 3) the experience of one applicant, Peninsula Gaming, with regulatory bodies in other states where criminal charges have been filed against the company and its executives related to campaign contributions. It concludes that the significant risks associated with approving Peninsula's application, including possible disqualification or inability to finance the project, outweigh any potential benefits over the other applicant, Global.
The marketing plan outlines a soft opening period followed by a grand opening 90 days later for a new casino in Sumner County, Kansas. The $1 million budget will be used for advertising, promotions, and community events to generate awareness and excitement. Key objectives include building a local player base within 100 miles, attracting travelers on Interstate 35, and establishing the casino as a new entertainment destination through gaming, restaurants, a hotel, and live entertainment events.
- The proposed Kansas Star Casino development will include new drainage infrastructure to improve drainage conditions for surrounding landowners.
- Runoff from the development and surrounding areas will be conveyed via three new swales to a 29.8-acre dry bottom detention basin located at the southeast corner of the site.
- Water in the detention basin will drain by gravity and pumping to existing culverts under 140th Avenue at a rate of 25 cfs or less, which is less than the culverts' capacity. This will ensure no adverse impacts from increased runoff.
2. * 3 Years Construction + 2 Full Years Operating
State Unif. Govt. Edwardsville Bonner Springs K-12 Schools
REVENUE:
Gaming Rev. Sharing 282,304,001$ 35,288,000$ -$ -$ -$
Property Tax 507,000 52,989,000 - - -
Sales/Use Tax - 16,030,104 - - -
Income Tax - - - - -
Lodging Tax - - - - -
Developer Contributions - 4,000,000 - - -
Total 282,811,001$ 108,307,104$ -$ -$ -$
COSTS:
Law Enforcement -$ -$ -$ -$ -$
Public Works - 4,000,000 - - -
Education - - - - -
Fire Protection/EMS - - - - -
Total -$ 4,000,000$ -$ -$ -$
Surplus/(Deficit) 282,811,001$ 104,307,104$ -$ -$ -$
REVENUE: State Unif. Govt. Edwardsville Bonner Springs K-12 Schools
Gaming Rev. Sharing 142,639,368$ 13,372,441$ 1,725,090$ 2,732,391$ -$
Property Tax 655,913 32,518,845 - - 28,326,250
Sales/Use Tax 24,026,000 10,199,717 - - -
Income Tax 12,443,074 - - - -
Building Fees - 515,704 - - -
Lodging Tax 2,352,999 4,550,610 - - -
School State Aid - - - - -
Developer Contributions - 4,000,000 - - -
Total 182,117,354$ 65,157,317$ 1,725,090$ 2,732,391$ 28,326,250$
COSTS:
Law Enforcement -$ 3,727,780$ -$ -$ -$
Public Works - 1,615 - - -
Education - - - - -
Building Inspection - - - - -
Fire Protection/EMS - - - - -
Admin. Overhead - 363,920 - - -
Total -$ 4,093,315$ -$ -$ -$
Surplus/(Deficit) 182,117,354$ 61,064,002$ 1,725,090$ 2,732,391$ 28,326,250$
FISCAL IMPACT--5 YEAR SUMMARY*
PINNACLE ENTERTAINMENT
Proposer's Estimates
Consultant's Estimates
Meridian Business Advisors-September 2008
3. Opening Date-Permanent Facility Jul-11
State Unif. Govt. Edwardsville Bonner Springs K-12 Schools
REVENUE:
Gaming Rev. Sharing 86,714,540$ 10,839,317$ -$ -$ -$
Property Tax 169,000 17,663,000 - - -
Sales/Use Tax - 4,923,923 - - -
Income Tax - - - - -
Lodging Tax - - - - -
Developer Contributions - 4,000,000 - - -
Total 86,883,540$ 37,426,240$ -$ -$ -$
COSTS:
Law Enforcement -$ -$ -$ -$ -$
Public Works - 4,000,000 - - -
Education - - - - -
Fire Protection/EMS - - - - -
Total -$ 4,000,000$ -$ -$ -$
Surplus/(Deficit) 86,883,540$ 33,426,240$ -$ -$ -$
Voluntary Contributions to State and Local Governments:
1. Road/streets, sewer/water and storm drains improvements estimated at $4 million from 2009-11,
100% paid for by proposer. Development Agreement w/ UG indicates that developer will pay for all
on-site infrastructure improvements and specific off-site improvements.
Footnote: City and County numbers provided by Developer combined into UG.
REVENUE: State Unif. Govt. Edwardsville Bonner Springs K-12 Schools
Gaming Rev. Sharing -$ -$ -$ -$ -$
Property Tax - - - - -
Sales/Use Tax 3,334,540 1,415,606 - - -
Income Tax 1,331,258 - - - -
Building Fees - 515,704 - - -
Lodging Tax - - - - -
School State Aid - - - - -
Developer Contributions - 4,000,000 - - -
Total 4,665,797$ 5,931,310$ -$ -$ -$
COSTS:
Law Enforcement -$ -$ -$ -$ -$
Public Works - - - - -
Education - - - - -
Building Inspection - - - - -
Fire Protection/EMS - - - - -
Admin. Overhead - - - - -
Total -$ -$ -$ -$ -$
Surplus/(Deficit) 4,665,797$ 5,931,310$ -$ -$ -$
FISCAL IMPACT--CONSTRUCTION
PINNACLE ENTERTAINMENT
Proposer's Estimates: 2009-2011
Consultant's Estimates: 2009-2010
Meridian Business Advisors-September 2008
4. State Unif. Govt. Edwardsville Bonner Springs K-12 Schools
REVENUE:
Gaming Rev. Sharing 195,589,461$ 24,448,683$ -$ -$ -$
Property Tax 338,000 35,326,000 - - -
Sales/Use Tax - 11,106,181 - - -
Income Tax - - - - -
Lodging Tax - - - - -
Developer Contributions - - - - -
Total 195,927,461$ 70,880,864$ -$ -$ -$
COSTS:
Law Enforcement -$ -$ -$ -$ -$
Public Works - - - - -
Education - - - - -
Fire Protection/EMS - - - - -
Total -$ -$ -$ -$ -$
Surplus/(Deficit) 195,927,461$ 70,880,864$ -$ -$ -$
Voluntary Contributions to Community and Governments (not included above):
1. Minimum annual contribution of $1 million to Wyandotte charities. One-time $1 million contribution to
Wyandotte charities. Source: Development Agreement with UG
Footnotes:
1. City and County numbers provided by Pinnacle Entertainment combined into Unified Government.
REVENUE: State Unif. Govt. Edwardsville Bonner Springs K-12 Schools
Gaming Rev. Sharing 142,639,368$ 13,372,441$ 1,725,090$ 2,732,391$ -$
Property Tax 655,913 32,518,845 - - 28,326,250
Sales/Use Tax 20,691,461 8,784,111 - - -
Income Tax 11,111,817 - - - -
Building Fees - - - - -
Lodging Tax 2,352,999 4,550,610 - - -
School State Aid - - - - -
Developer Contributions - - - - -
Total 177,451,556$ 59,226,007$ 1,725,090$ 2,732,391$ 28,326,250$
COSTS:
Law Enforcement -$ 3,727,780$ -$ -$ -$
Public Works - 1,615 - - -
Education - - - - -
Building Inspection - - - - -
Fire Protection/EMS - - - - -
Admin. Overhead - 363,920 - - -
Total -$ 4,093,315$ -$ -$ -$
Surplus/(Deficit) 177,451,556$ 55,132,691$ 1,725,090$ 2,732,391$ 28,326,250$
Consultant's Comments: 2012 2012
Proposer GGR Estimate 401,456,200$ Visitors 4,502,558
Consultants GGR Estimate 193,239,000$ Visitors 2,443,045
FISCAL IMPACT: 2012-2013
PINNACLE ENTERTAINMENT
Proposer's Estimates
Consultant's Estimates
Meridian Business Advisors-September 2008
5. SQUARE FEET ESTIMATED ESTIM. CONSTR. FF&E
YEAR USE TYPE CONSTRUCTED CONSTR. COST MATERIALS COST PURCHASES
Year 1 Casino 33,333 18,972,391$ 6,843,251$ 3,316,525$
Hotel 160,444 91,320,378 32,938,824 97,626
Restaurants 40,667 23,146,317 8,348,766 24,745
Entertainment 50,103 28,517,401 10,286,090 30,487
Retail 5,000 2,845,859 1,026,488 3,042
Subtotal 289,548 164,802,345 59,443,419 3,472,425
Year 2 Casino 66,667 31,365,354 14,770,790 36,663,862
Hotel 320,889 150,971,800 71,096,689 19,542,625
Restaurants 81,333 38,265,732 18,020,364 4,953,328
Entertainment 100,207 47,145,264 22,201,975 6,102,744
Retail 10,000 4,704,803 2,215,619 609,016
Subtotal 579,095 272,452,953 128,305,438 67,871,575
TOTAL 868,643 437,255,298$ 187,748,857$ 71,344,000$
APPENDIX 1, ASSUMPTIONS:
1. The permanent development is estimated to open in July 2011.
However, construction schedule provided by the developer shows no construction expenses past 2010 and revenues for the development
are estimated for the full year 2011, instead of 6 months. As a result, the analysis assumes the development will be completed in 2010
and will be fully operational by January 2011.
Sq. Footage Other Information
Casino 100,000 2,300 slot machines, 85 table games (includes 25 poker)
Hotel 481,333 500 guest rooms, both standard and premium
Restaurants 122,000 restaurants and bars
Entertainment 150,310 convention space/entertainment showroom
Retail 15,000 retail outlets and lifestyle center
Total 868,643
Source: Developer's template.
2. Construction costs are estimated using above square footages and cost breakdown provided by Pinnacle
in its template document:
Land Building FF&E* Total**
55,700,000$ 381,555,298$ 71,344,000$ 508,599,298$
*FF&E-furniture, fixtures and equipment, including gaming equipment which is allocated to casino.
**Total amounts do not equal investment amounts as the analysis excludes soft costs such as engineering, architecture,
finance and administration costs for property tax calculation purposes.
Source: Developer's application/template
3. Construction materials cost estimated at 50% of building costs. This cost is estimated for
sales tax purposes. Source: Discussions with commercial developers in Nevada.
APPENDIX 1
PINNACLE ENTERTAINMENT
BUILDOUT ASSUMPTIONS AND ESTIMATED CONSTRUCTION COST
Meridian Business Advisors-September 2008
6. EST. REAL EST. PERSONAL CUMULATIVE CUMULATIVE KANSAS CITY UNIFIED STATE OF
PROPERTY PROPERTY PROPERTY ASSESSED SCHOOL DIST. GOVERNMENT KANSAS
YEAR USE TYPE VALUE VALUE VALUE VALUE REVENUE REVENUE REVENUE
Year 1 Casino 18,972,391$ 3,316,525$ 22,288,916$ 5,572,229$
Hotel 91,320,378 97,626 91,418,004 22,854,501
Restaurants 23,146,317 24,745 23,171,061 5,792,765
Entertainment 28,517,401 30,487 28,547,887 7,136,972
Retail 2,845,859 3,042 2,848,901 712,225
Subtotal 164,802,345 3,472,425 168,274,770 42,068,692 -$ -$ -$
Year 2 Casino 31,365,354 36,663,862 90,887,304 22,721,826
Hotel 150,971,800 19,542,625 264,672,041 66,168,010
Restaurants 38,265,732 4,953,328 67,084,511 16,771,128
Entertainment 47,145,264 6,102,744 82,651,417 20,662,854
Retail 4,704,803 609,016 8,248,096 2,062,024
Subtotal 272,452,953 67,871,575 513,543,369 128,385,842 2,725,168$ 3,128,522$ 63,103$
Year 3 Casino - - 92,414,512 23,103,628
Hotel - - 272,022,995 68,005,749
Restaurants - - 68,947,704 17,236,926
Entertainment - - 84,946,963 21,236,741
Retail - - 8,477,177 2,119,294
Subtotal - - 526,809,350 131,702,337 8,316,706$ 9,547,670$ 192,579$
Year 4 Casino - - 93,987,535 23,496,884
Hotel - - 279,594,477 69,898,619
Restaurants - - 70,866,793 17,716,698
Entertainment - - 87,311,374 21,827,844
Retail - - 8,713,130 2,178,283
Subtotal - - 540,473,310 135,118,328 8,531,546$ 9,794,308$ 197,554$
Year 5 Casino - - 95,607,750 23,901,937
Hotel - - 287,393,104 71,848,276
Restaurants - - 72,843,455 18,210,864
Entertainment - - 89,746,719 22,436,680
Retail - - 8,956,162 2,239,041
Subtotal - - 554,547,189 138,636,797 8,752,830$ 10,048,345$ 202,677$
TOTAL 437,255,298$ 71,344,000$ 28,326,250$ 32,518,845$ 655,913$
APPENDIX 2
ESTIMATED PROPERTY TAX REVENUE AT
2007 PROPERTY TAX RATE
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
7. APPENDIX 2
ESTIMATED PROPERTY TAX REVENUE AT
2007 PROPERTY TAX RATE
PINNACLE ENTERTAINMENT
APPENDIX 2, ASSUMPTIONS:
1. Tax rate will remain constant at 2007 amount:
Entity-Fund Tax Rate* *rate per $1,000 of assessed value.
School District 64.7790$
Unified Government 74.3670$ Includes Wyandotte County and Kansas City rates.
State 1.5000$
Source: Wyandotte County/Kansas City Unified Government Manager. Rates include all funds for which property tax revenues are collected.
Tax rates could decrease due to increase in assessed value but any change is at the discretion of the policy-making board and
is not contemplated in this analysis.
2. Properties are valued using the fair market value approach. As no comparable sales data exists and this is considered to be a "new and unique" property, the analysis uses the replacement
cost approach to value these properties. Source: "A Homeowner’s Guide to Property Tax in Kansas." Kansas Department of Revenue.
3. Assessed value estimated at 25.0% of appraised value for both real and personal property for commercial property
Source: Kansas Department of Revenue website.
4. Appraised value is inflated 3% annually for real property and not inflated for personal property to account for depreciation.
5. Property tax revenue is estimated in the year following construction and improvements to account for lien dates. Work-in-progress is included.
Meridian Business Advisors-September 2008
8. CONSTRUCTION TOTAL KANSAS WYANDOTTE STATE OF
SQUARE FT. MATERIALS FF&E RETAIL TAXABLE CITY COUNTY KANSAS
YEAR BUILT COST PURCHASES SALES SALES REVENUE REVENUE REVENUE
Year 1 Casino 33,333 6,843,251$ 3,316,525$ -$ 10,159,776$
Hotel 160,444 32,938,824 97,626 - 33,036,451
Restaurants 40,667 8,348,766 24,745 - 8,373,511
Entertainment 50,103 10,286,090 30,487 - 10,316,577
Retail 5,000 1,026,488 3,042 - 1,029,530
Subtotal 289,548 59,443,419 3,472,425 - 62,915,844 786,448$ 629,158$ 3,334,540$
Year 2 Casino 66,667 14,770,790 36,663,862 - 51,434,653
Hotel 320,889 71,096,689 19,542,625 - 90,639,314
Restaurants 81,333 18,020,364 4,953,328 - 22,973,692
Entertainment 100,207 22,201,975 6,102,744 - 28,304,719
Retail 10,000 2,215,619 609,016 - 2,824,634
Subtotal 579,095 128,305,438 67,871,575 - 196,177,013 2,452,213$ 1,961,770$ 10,397,382$
Year 3 Casino - - - - -
Hotel - - - - -
Restaurants - - - 41,049,852 41,049,852
Entertainment - - - 8,710,597 8,710,597
Retail - - - 9,900,000 9,900,000
Subtotal - - - 59,660,449 59,660,449 745,756$ 596,604$ 3,162,004$
Year 4 Casino - - - - -
Hotel - - - - -
Restaurants - - - 45,610,946 45,610,946
Entertainment - - - 9,678,441 9,678,441
Retail - - - 11,000,000 11,000,000
Subtotal - - - 66,289,388 66,289,388 828,617$ 662,894$ 3,513,338$
Year 5 Casino - - - - -
Hotel - - - - -
Restaurants - - - 46,979,275 46,979,275
Entertainment - - - 9,968,795 9,968,795
Retail - - - 11,330,000 11,330,000
Subtotal - - - 68,278,069 68,278,069 853,476$ 682,781$ 3,618,738$
TOTAL 868,643 187,748,857$ 71,344,000$ 194,227,906$ 453,320,763$ 5,666,510$ 4,533,208$ 24,026,000$
APPENDIX 3
SALES TAX REVENUE
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
9. APPENDIX 3
SALES TAX REVENUE
PINNACLE ENTERTAINMENT
APPENDIX 3, ASSUMPTIONS:
1. Sales tax rate is as follows: Designation
1.250% City
1.000% County
5.300% State
7.550% TOTAL
Source: "All Jurisdictions and Rates in this Zip Code." Kansas Department of Revenue.
2. Materials Cost - 50% of construction cost is assumed to be materials cost.
Source: Discussion with Nevada contractors
3. Retail sales revenue for retail, food and beverage and entertainment components is shown using the Developer's estimates. Source: Developer's template.
Meridian Business Advisors-September 2008
10. ESTIMATED BONNER EDWARDS- KANSAS WYANDOTTE STATE OF STATE PROB.
GAMING SPRINGS VILLE CITY COUNTY KANSAS GAMBLING
YEAR REVENUE REVENUE REVENUE REVENUE REVENUE REVENUE REVENUE
Year 1 Casino -$ -$ -$ -$ -$ -$ -$
Year 2 Casino - - - - - - -
Year 3 Casino 193,239,000 888,402 560,891 1,449,293 2,898,585 42,512,580 3,864,780
Year 4 Casino 198,069,975 910,612 574,913 1,485,525 2,971,050 43,575,395 3,961,400
Year 5 Casino 203,021,724 933,377 589,286 1,522,663 3,045,326 44,664,779 4,060,434
TOTAL 2,732,391$ 1,725,090$ 4,457,480$ 8,914,960$ 130,752,754$ 11,886,614$
APPENDIX 4, ASSUMPTIONS:
1. Estimated Gross Gaming Revenue (GGR) is the average GGR estimated in Wells and Cummings reports:
Wells GGR 180,178,000$
Cummings GGR 206,300,000
Average 193,239,000$
Source: Wells Gaming Research and Cummings Associates revenue forecasts of August 2008.
2. Local government revenue is estimated as follows:
State of Kansas 22.0% of all lottery gaming revenues.
State Prob. Gambling 2.0% of all lottery gaming revenues.
Wyandotte County 1.5% of all lottery gaming revenues.
Kansas City 0.75% of all lottery gaming revenues.
Bonner Springs 0.46% of all lottery gaming revenues.
Edwardsville 0.29% of all lottery gaming revenues.
Source: SB 66 and Interlocal Agreement between Kansas City, Bonner Springs, and Edwardsville.
Analysis assumes Kansas City will be the host city, retaining 50% of city-share and Bonner Springs and Edwardsville will
split the remaining 50%. According to the interlocal agreement, revenue should be shared based on road miles and area of
each jurisdiction. As this information was not available, the analysis uses population, as it is assumed to correlate to size and
road length of the two locations:
2007 Population % of Total
Bonner Springs 7,069 61.30%
Edwardsville 4,463 38.70%
11,532 Source: US Census Bureau. "Population Finder."
3. Year 3 assumes first full year of operation for the facility.
APPENDIX 4
LOTTERY GAMING CONTRIBUTION REVENUE
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
11. ESTIMATED ESTIMATED STATE OF
PAYROLL PAYROLL/ KANSAS INCOME
YEAR EXPENDITURES EMPLOYEE TAX REVENUE
Year 1 Construction 25,135,815$ 40,954$ 1,331,258$
Operating - - -
Subtotal 25,135,815 40,954 1,331,258
Year 2 Construction 58,797,403 42,353 3,136,479
Operating - - -
Subtotal 58,797,403 42,353 3,136,479
Year 3 Construction - - -
Operating 51,390,432 27,526 2,441,765
Subtotal 51,390,432 27,526 2,441,765
Year 4 Construction - - -
Operating 57,100,472 27,532 2,713,255
Subtotal 57,100,472 27,532 2,713,255
Year 5 Construction - - -
Operating 58,813,496 28,358 2,820,319
Subtotal 58,813,496 28,358 2,820,319
TOTAL 251,237,618$ 12,443,074$
APPENDIX 5, ASSUMPTIONS:
1. Construction salary per employee is estimated at 40,954$ excluding benefits
per Developer template. Salary is inflated 3% annually per Developer's template.
Year 1 (2009) includes payroll information for the last quarter of 2008, for a total of 5 quarters.
2. Operating salary per employee is estimated at 27,526$ excluding benefits
per Developer template. Salary is inflated by 3% annually per Developer's template.
3. Personal income tax revenue for the State is estimated as follows, using a 2007 schedule:
For a single person:
Taxable income between $0 and $15,000 is taxed at 3.5%
Taxable income between $15,000 and $30,000 is taxed at 6.25% plus the tax calculated on the first $15,000
Taxable income over $30,000 is taxed at 6.45% plus the tax calculated on the first $30,000
Source: Kansas Department of Revenue. 2007 Kansas Individual Income Tax schedule.
APPENDIX 5
STATE INCOME TAX REVENUE
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
12. UNIFIED
LAND # OF SQ. FT. CONSTRUCTION GOVERNMENT
YEAR USE BUILT VALUATION PERMIT REVENUE
Year 1 Casino 100,000 15,810,000$ 64,345$
Hotel 481,333 67,040,060 269,265
Restaurants 122,000 16,529,780 67,224
Entertainment 150,310 26,695,056 107,885
Retail 15,000 1,469,850 6,984
Total 868,643 127,544,746$ 515,704$
APPENDIX 6, ASSUMPTIONS:
1. Construction Valuation is calculated as follows:
Suggested
Value/Sq. Ft.
Casino $158.10
Hotel $139.28
Restaurants $135.49
Entertainment $177.60 Source: "Building Valuation Data." Square Foot
Retail $97.99 Construction Costs table, values for IIB style construction.
Building permit fee revenue is estimated in Year 1 for the entire development prior to construction.
2. Commercial building permit fee calculation:
$30 per first $30,000 plus
$0.75 for each additional $100 of value.
$225 for value between $30,000-1,000,000 plus
$0.50 for each additional $100 of value.
$5,105 for value above $1,000,000 plus
$0.40 for each additional $100 of value.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
3. Revenue for mechanical, plumbing, and electrical permit fee and sewer tapping and water meter fees is not estimated as the
information required to estimate these fees is unknown.
APPENDIX 6
ESTIMATED BUILDING PERMIT FEE REVENUE
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
13. ESTIMATED KANSAS WYANDOTTE STATE OF
# OF ROOM CITY COUNTY KANSAS
YEAR ROOMS REVENUE REVENUE REVENUE REVENUE
Year 1 Hotel - -$ -$ -$ -$
Year 2 Hotel - - - - -
Year 3 Hotel 500 13,637,058 1,261,428 136,371 722,764
Year 4 Hotel 500 15,152,286 1,401,586 151,523 803,071
Year 5 Hotel 500 15,606,855 1,443,634 156,069 827,163
TOTAL 44,396,199$ 4,106,648$ 443,962$ 2,352,999$
APPENDIX 7, ASSUMPTIONS:
1. Sales tax rate is as follows: Designation
9.250% City
1.000% County
5.300% State
15.550% TOTAL
Source: "Transient Guest Tax Rates, Effective Dates, and Number of Active Accounts." Kansas Department of Revenue.
2. Room revenue based on Developer's estimates. Source: Developer's template.
3. Analysis assumes complementary rooms will have tax assessed.
APPENDIX 7
TRANSIENT GUEST TAX REVENUE
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
15. APPENDIX 8
SUMMARY OF ESTIMATED REVENUE
PINNACLE ENTERTAINMENT
APPENDIX 8, ASSUMPTIONS:
1. State of Kansas gaming revenue includes 2% gaming revenue for problem gambling fund.
2. Property tax revenue for the Unified Government is shown under Wyandotte County, but is attributed to both the County and Kansas City.
3. Revenue in the Unified Government Total column is the sum of estimated revenue for the Wyandotte County and Kansas City.
Meridian Business Advisors-September 2008
16. ANNUAL TOTAL
ROAD LANE- MAINTENANCE MAINTENANCE
YEAR FEET ADDED COST/LANE-FOOT COST
Year 1 0 0.76$ -$
Year 2 650 0.78 -
Year 3 0 0.80 522
Year 4 0 0.83 538
Year 5 0 0.85 554
TOTAL 650 1,615$
APPENDIX 9, ASSUMPTIONS:
1. A total of 650 lane-feet of pavement will be built for development access
and maintained by the Unified Government.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
2. Maintenance cost per lane-mile is estimated at 4,000$
and per lane-foot of 0.76$ inflated 3% annually.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
APPENDIX 9
UNIFIED GOVERNMENT
STREETS DEPARTMENT COST PROJECTIONS
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
17. # OF # OF
ESTIMATED UNIFORMED NON-UNIFORMED SALARIES & SERVICES/ CAPITAL TOTAL
YEAR POPULATION POSITIONS POSITIONS BENEFITS SUPPLIES EQUIPMENT COST
Year 1 0 0.0 0.0 -$ -$ -$ -$
Year 2 0 0.0 0.0 - - - -
Year 3 3,882 10.1 3.9 753,665 88,392 533,367 1,375,424
Year 4 3,882 10.1 3.9 783,812 91,927 - 875,739
Year 5 3,882 10.1 3.9 815,164 95,604 565,849 1,476,617
TOTAL 2,352,642$ 275,923$ 1,099,215$ 3,727,780$
APPENDIX 10, ASSUMPTIONS:
1. Estimated population includes half the commuting employees and daily visitors to the development and all new residents of the development (See Appendix 13
for calculation). Employees, residents and visitors are assumed in Year 3, first full year of operation.
2. Uniformed positions are estimated using a ratio of 2.59 employees per 1,000 population.
Non-uniformed positions are estimated using a ratio of 1.00 employee per 1,000 population.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
3. The following salary and benefits information is used:
Salary Benefits Total Cost
Uniformed 43,226$ 12,968$ 56,194$
Non-uniformed 20,800 6,240 27,040
Benefits are estimated at 30% of salary costs. Salary and benefits costs are increased 4% annually.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
4. Services/supplies are estimated at 12% of salaries and benefits.
2006 2007 2008 Average
Personnel (P) 37,176,526$ 36,520,054$ 38,222,573$ 37,306,384$
Services/Supplies (SS) 4,577,958 4,274,090 4,274,090 4,375,379
Capital Projects (CP) 1,952,235 1,750,900 1,826,507 1,843,214
SS % of P 12% 12% 11% 12%
CP % of P* 5% 5% 5% 5% *not included in analysis, calculated below.
Source: Wyandotte County/Kansas City Unified Government Budget FY 2007-08. Three-year average (2006-2008) for the Police Department.
5. The following capital costs are expected to be incurred:
One vehicle is added for each uniformed position at a cost of 50,000$ per vehicle, inflated 3% annually and replaced every 18 months.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
6. Employment-related costs such as a uniform allowance of $910 annually per officer and $50,000 one-time training fee per officer and annual
vehicle maintenance costs of 14,211$ per vehicle are not included in the analysis as they are assumed to be covered by the Services/Supplies estimates above.
Source: Wyandotte County/Kansas City Unified Government, County Administrator's Office.
APPENDIX 10
UNIFIED GOVERNMENT
POLICE DEPARTMENT COST PROJECTIONS
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
18. STREETS POLICE WASTEWATER FIRE/EMS COMMUNITY ADMIN. TOTAL
YEAR DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT DEVELOPMENT OVERHEAD COSTS
Year 1 -$ -$ -$ -$ -$ -$ -$
Year 2 - - - - - - -
Year 3 522 1,375,424 - - - 134,267 1,510,213
Year 4 538 875,739 - - - 85,508 961,786
Year 5 554 1,476,617 - - - 144,145 1,621,316
TOTAL 1,615$ 3,727,780$ -$ -$ -$ 363,920$ 4,093,315$
APPENDIX 11, ASSUMPTIONS:
1. See Appendices 9-10 for detailed calculations of all department costs.
2. According to the Wyandotte County/Kansas City Unified Government County Manager's Office, no additional Waste Water, Community
Development and EMS/Fire department costs will be incurred.
3. Administrative overheard costs estimated at 10% of all department costs estimated in this analysis.
Source: Wyandotte County/Kansas City Unified Government Budget. Three-year average indirect costs as percent of direct costs (2006-2008)
for the General Fund and other funds for which costs are incurred.
Direct 2006 2007 2008 Average
Appraiser 2,575,982 3,513,499 3,037,620 3,042,367
Community Correct. 2,579,176 3,107,099 3,113,287 2,933,187
Emergency Manag. 898,313 2,618,444 2,138,657 1,885,138
Fire Department 39,623,581 40,096,328 42,489,614 40,736,508
Police Department 44,056,351 43,178,454 44,956,580 44,063,795
Sheriff 16,465,641 17,585,021 17,144,004 17,064,889
Court Trustees 334,618 418,439 434,039 395,699
District Attorney 3,699,118 3,892,956 4,034,802 3,875,625
District Court 2,231,890 3,185,043 2,960,001 2,792,311
Law Library 30,879 31,662 30,377 30,973
Municipal Court 1,468,512 1,508,985 1,553,899 1,510,465
Process Servers 646,957 639,269 652,398 646,208
Aging 2,943,667 4,732,730 4,825,263 4,167,220
Community Programs 10,648,272 10,148,700 9,376,311 10,057,761
Coroner 225,154 200,152 203,481 209,596
Economic Development 5,350,220 5,080,672 3,957,476 4,796,123
Elections 1,239,337 1,368,368 1,384,967 1,330,891
Health Department 7,403,746 10,471,447 11,070,401 9,648,531
Historical Museum 233,853 276,367 249,618 253,279
Human Services 3,170,125 3,731,092 3,735,564 3,545,594
Mental Health 636,950 643,428 661,741 647,373
Neighborhood Resource Ctr. 5,172,941 4,464,883 3,999,153 4,545,659
Parks and Recreation 7,837,624 9,083,406 8,944,325 8,621,785
Register of Deeds 1,173,854 1,571,824 615,567 1,120,415
Transit 3,868,232 5,003,429 5,148,176 4,673,279
Planning/Zoning 801,690 710,681 739,666 750,679
Public Works 61,416,961 53,583,480 63,267,107 59,422,516
Soil Conservation 55,456 60,324 62,054 59,278
County Fair 189,315 204,888 204,888 199,697
Library 1,071,455 1,544,019 1,718,896 1,444,790
Convention and Visitor's 680,000 545,530 800,000 675,177
Total 228,729,870 233,200,619 243,509,932 235,146,807
APPENDIX 11
UNIFIED GOVERNMENT
SUMMARY OF ESTIMATED COSTS
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
19. APPENDIX 11
UNIFIED GOVERNMENT
SUMMARY OF ESTIMATED COSTS
PINNACLE ENTERTAINMENT
Indirect 2006 2007 2008 Average
Administration/Clerk 1,530,481 1,479,832 1,552,957 1,521,090
COD Administration 155,033 209,310 224,354 196,232
County Administrator 1,036,002 1,154,792 1,316,300 1,169,031
Finance 3,997,285 4,810,705 5,239,581 4,682,524
Human Resources 1,297,075 1,243,934 1,311,926 1,284,312
Legal 2,818,711 3,310,196 3,319,855 3,149,587
Legislative Auditor 607,934 747,118 774,335 709,796
OS Business Office 186,881 187,116 201,290 191,762
Procurement/Contract 530,460 629,747 644,315 601,507
Technology 6,714,805 6,076,022 6,059,461 6,283,429
Public Safety Business 2,029,674 1,598,988 1,593,406 1,740,689
Extension Council 383,139 488,665 425,045 432,283
Special Community Grants 767,365 1,032,810 1,151,037 983,737
Total 22,054,845 22,969,235 23,813,862 22,945,981
% Indirect of Direct 10% 10% 10% 10%
Meridian Business Advisors-September 2008
20. ANNUAL CUMULATIVE
GENERAL LOCAL TOTAL TOTAL SURPLUS/ SURPLUS/
YEAR STATE AID EFFORT CONTRIBUTION COSTS (DEFICIT) (DEFICIT)
Year 1 -$ -$ -$ -$ -$ -$
Year 2 - 2,725,168 2,725,168 - 2,725,168 2,725,168
Year 3 - 8,316,706 8,316,706 - 8,316,706 11,041,874
Year 4 - 8,531,546 8,531,546 - 8,531,546 19,573,420
Year 5 - 8,752,830 8,752,830 - 8,752,830 28,326,250
TOTAL -$ 28,326,250$ 28,326,250$ -$ 28,326,250$
APPENDIX 12, ASSUMPTIONS:
1. Analysis assumes little or no cost impact of this development on the School District as all jobs will be filled by existing residents.
Therefore, no new students are projected.
2. State general aid amount is estimated by subtracting revenue generated through the "local effort" from the State Financial Aid amount estimated
by the state. State Financial Aid amount (shown above as Total Contribution) is estimated at 4,374$ per pupil using an
FY 2007-08 rate. Source: "School District Finance and Quality Performance Act and Bond and Interest State Aid Program." 2007-08 Edition.
Kansas Legislative Research Department.
As the development is not expected to generate new students, only the Local Effort revenue is considered in this analysis.
3. Local Effort includes school district's property tax revenue only; other revenue sources are a small percentage of the total and are not estimated.
Property tax revenue estimated for Kansas City School District in Appendix 2.
4. The school district's surplus could lead to a reduction in the property tax rate and/or be remitted to the State.
APPENDIX 12
KANSAS CITY SCHOOL DISTRICT
ESTIMATED SURPLUS/DEFICIT
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008
21. ESTIMATED EMPLOYEES NEW EMPLOYEES NEW RESIDENTS ESTIMATED NEW PEOPLE
TOTAL NO. OF RESIDING MOVING TO THE MOVING TO THE NO. OF DAILY REQUIRING
YEAR EMPLOYEES OUTSIDE CO. AREA AREA VISITORS SERVICES
Year 3 2,074 1,203 - - 6,561 3,882
APPENDIX 13, ASSUMPTIONS:
1. Employees:
a. The development is estimated to require approximately 2,074 employees.
Source: Developer's revised application (final template).
b. Approximately 42% of all employees will live in Wyandotte County, based on historical work-residence data.
Source: US Census Bureau. County-To-County Worker Flow Files. 2000, Kansas City Counties. Data for Wyandotte County.
c. Wyandotte County currently (2008) has an unemployment rate of 6.9% which is higher than the normal rate of 4%.
Source: US Department of Labor, Bureau of Labor Statistics. Local Area Unemployment Statistics. By County. Data for Wyandotte County.
Analysis assumes all employees of the development will be existing unemployed residents and no net new employees are expected.
2. Residents:
The development will not include a residential component and therefore no residents are estimated for the development.
3. Visitors:
a. Report by Richard Wells estimated approximately 6,958 daily visitors to the development, some of which will be local
residents. Will Cummings' report estimated approximately 6,428 daily visitors to the development, including
local residents. The analysis uses the average of these 6,693
Source: Wells Gaming Research and Cummings Associates visitor forecasts of August 2008.
b. Developer's application estimates a locals' penetration rate of 31.0% with approximately 155,509
County residents in 2006. The analysis assumes number of local visitors at 48,208 or approximately
132.1 visits a day. The analysis assumes no additional costs associated with these local visitors, costs are estimated only for the
6,561 non-local visitors.
Source: Customer penetration information from the template provided by the developer. Population information from US Census
Bureau, "State & County Quick Facts."
4. Impacts:
Total people in the area requiring services estimated as follows:
50% of all commuting employees and daily visitors.
0% of all employees residing in the City (those currently unemployed).
100% of all new residents moving to the County.
To determine the cost of services, the analysis considers visitors and commuting employees as residents and assumes 1/2 of them will
require services. Development employees living in the City will not require incremental services as they are already accounted
for in the current budget.
APPENDIX 13
ESTIMATED NUMBER OF DAILY VISITORS,
EMPLOYEES AND RESIDENTS REQUIRING SERVICES
PINNACLE ENTERTAINMENT
Meridian Business Advisors-September 2008