RecPlex Slowly Rises From COVID Financial Hole | Local News
âWe realize we are still seeing the effects of COVID so we are not budgeting 100% for programming, rentals, dealerships, events. So in 2022 we are projecting net income of $ 788,000, âDeLaRosa said.
In order to balance the budget for 2022, DeLaRosa said the RecPlex is again asking for compensation of $ 500,000. The officials also want to borrow $ 514,209 for capital purchases and use an interfund loan from the sewer fund for $ 784,115.
âIn 2021 and 2022, we are slowly moving upwards and heading in the right direction,â DeLaRosa said. âThis is our goal. We try to be consistent and prudent in our spending, but we always want to offer great programming.
Village officials applauded RecPlex staff for facing a difficult financial situation.
âI don’t think anyone was hit as hard as the RecPlex over there,â said village president John Steinbrink. âIt didn’t just affect their employees, it affected the customers, the villagers, the staff – everyone was involved in it. It had a very negative effect, as it had for many businesses across the city and the country, especially the leisure businesses.
“I think other companies had the opportunity to reach it, and we didn’t have that opportunity because we’re a public entity, so we weren’t qualified for a lot of the things that we saw there. -low, âsaid Steinbrink. âI’m glad to hear that things are coming back. Hopefully this is a better year and better years to come. “