PADDLEBOATS, KAYAKS AND PADDLEBOARD RENTALS Profile
In 2023, the Paddleboat, Kayak, and Paddleboard rental operation merged with the formerly named Riverwalk Café to rebrand the food operations and become Paddleboat Quarry Rentals. The operation includes 33 part-time employees including 3 shift supervisors and a coordinator. Watercraft rentals and concession sales operated weekends only starting on May 13 through May 21, and opened for daily use Memorial Day weekend from 10:00 am to 7:00 pm. Beginning in mid-August, the Quarry operated weekends only through October 1 from 10:00 am to dusk.
In 2023, the operation rented 8,959 paddleboats, 1,176 kayaks, and 262 paddleboards, which represents a 6.5% decrease from the prior year. While the 2023 overall operation experienced an average year, the continued interest in District watercraft rentals is consistent with a trend seen throughout the nation of increased participation in outdoor recreation activities. Watercraft rentals are projected to conclude the season below budgeted revenue by 13.7% or $23,000; however, concession sales are projected to exceed budgeted revenue by 8.0% or $2,900. Net profit is projected to come in below budget by 35.0% or $41,400. The disparity in profit margin budgeted compared to actual was due to lower watercraft
rentals thereby reducing revenue, along with overstaffing the newly combined operations. Adjustments to staffing levels have been made in preparation for the 2024 season that will correct the margins and significantly increase the profit margin at Paddleboat Quarry Rentals in the coming year. The creation of the Paddleboat Quarry Rentals operation was successful in alleviating the staffing challenges previously experienced with the operations and increasing food sales within the café building due to the dedicated audience entering the building to rent watercraft.
PADDLEBOATS FINAL 2021 FINAL 2022 BUDGET 2023 PROJECTIONS 2023 BUDGET 2024 2024 VS. 2023 PROJ
% 2024 VS. 2023 BUDGET %
REVENUE Charges for Services $159,469 $146,260
$168,008
$147,386
$166,257
$18,871
13%
($1,751)
-1%
Sales
40,000
43,000
47,000 2,000
4,000 100%
7,000 100% 2,000 100% 542 0%
Alternative Revenue
2,000
0 100%
Miscellaneous Total Revenue
(99)
(302)
3,100
3,193
3,642
449 0%
159,370 145,958
211,108
195,579
218,899
23,320 12%
7,791
4%
EXPENSES Wages & Benefits
49,133 3,979 4,033
47,827
62,500
83,397 6,039 27,475
63,641
(19,756) (1,429)
-24% -24%
1,141
2%
Supplies
1,586 4,152
6,520
4,610
(1,910) -29% 8,446 41%
Contractual Services
20,600 2,000 91,620 $119,488
29,046 2,000 99,297
1,571
6%
Capital
592
1,408 238%
0 0%
Total Expenditures Surplus/(Deficit)
57,145
53,565
117,503 $78,076
(18,206)
-15%
7,677 8% $114 0%
$102,225 $92,393
$119,602
$41,526 53%
2024 BUDGET 56
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