Does the City of Greensboro cover about 19% of the Coliseum's budget, even after Rashad Young let Matt Brown off the hook for the Canada Dry leases?

Coliseum Update: Budget Cut 15%, No Hockey
Tony Wilkins
Busy Being Born, April 16, 2010

...We are projecting the Coliseum Complex's operating budget deficit

for the FY 2010/11 to be $1,587,542

or $245,910 or 15% lower than FY 09/10 Operating Budget Deficit.

Matt Brown

Memo to City Council,

WMC, Rashad Young, Bob Morgan, R. Lusk, L. Davis, J. Fletcher and S. Johnson

April 12, 2010

Via Tony Wilkins

Total Indirect Expenses: $8,313,114

divided by

Net Income(Loss) $1,587,542

=(19.1%), which would have been (22%) if the $256,000 was included

The City Manager agreed

...the two lease payments of $100,000 and $156,000

should not be charged against the Coliseum Operating Budget.

Matt Brown

Memo to WMC, Rashad Young and Bob Morgan, but not City Council

April 16, 2010

Via Tony Wilkins