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ITEM: AUTHORIZATION TO CONTINUE UTILIZING REVENUE GENERATING CONTRACTS FOR NRG STUDIOS, WELLINGTON CHEER AND DANCE, SWIMMING, TUMBLE TOTS, FOOD TRUCK INVASION, GOURMET FOOD TRUCK EXPO AND CALVARY CHURCH
REQUEST: Authorization to continue utilizing revenue generating contracts with NRG Studios, Wellington Cheer and Dance, Wellington Swimming, Muriel D. Williams (Tumble Tots), Food Truck Invasion, Gourmet Food Truck Expo and Calvary Church.
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EXPLANATION: The Village's Purchasing Manual includes a provision whereby any contract that generates revenue in excess of $25,000, requires Council approval (Chapter 3, Special Exemption, Item 3).
The following vendors are currently contracted and providing services that generate revenue to the Village above the $25,000 threshold amount:
PROVIDER
Est. FY 2019 Total Annual Registrations Collected by
the Village
Est. FY2019
Annual Revenue Retained by the Village at 30%
Est. FY 2019
Annual Expenses
Paid to the
Provider by the Village at 70%
NRG Studios, LLC
$43,506.
$13,052.
$30,454.
Wellington Cheer and Dance
$80,477.
$24,143.
$56,334.
Wellington Swimming
$104,454.
$31,336.
$73,118.
Muriel D. Williams (Tumble Tots)
$39,452.
$11,836.
$27,616.
In all of the above contracts, the Village collects all registration fees and pays the provider 70% and retains 30%. In addition, as is the case with all athletic programs, all facility costs are borne by the Village.
The following providers are currently contracted and providing services that generate 100% in revenue to the Village, above the $25,000 annual threshold amount:
Provider
FY 2018
Revenue Generated
FY 2019
Projected Revenue
Food Truck Invasion
$49,140.
$45,770.
Gourmet Food Truck Expo
$29,850.
$44,620.
Calvary Church
$32,730.
$32,730.
All vendors continue to provide successful programs to the Village and no firms have contacted the Village with interest in establishing and managing similar programs.
Staff recommends continued utilization of...
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