News Column

Alerus Center profits exceed expectations

June 10, 2014

By Charly Haley, Grand Forks Herald



June 10--Grand Forks' Alerus Center exceeded its budgeted profit by more than $260,000 in this year's first quarter, according to its quarterly financial report.

The report, which was presented to the City Council Finance/Development Committee Monday, showed a $352,908 profit in the first quarter of 2014. Alerus Center officials had budgeted for only a $92,053 profit.

The upward trend in profits follows the Alerus Center bringing in more events than expected, with a total of 135 events so far this year.

The highest attended event this year was the state Class B Boys Basketball tournament in March, with 26,400 attendees, according to the report.

Some of the center's "signature events" so far this year include Sesame Street Live, the Lone Star Rodeo and a monster trucks show, said Darryl Jorgenson, finance manager for the city-owned Alerus Center.

Client survey results are also up, with ratings for staff, food and beverage, facility and finance billing all averaging close to 5 out of 5.

"We have a lot of repeat customers, we're very proud of that," Jorgenson said.

The Finance/Development Committee praised the Alerus Center for its profits.

"Keep up the good work," said council member Dana Sande, chairman of the committee.

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(c)2014 the Grand Forks Herald (Grand Forks, N.D.)

Visit the Grand Forks Herald (Grand Forks, N.D.) at www.grandforksherald.com

Distributed by MCT Information Services


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Source: Grand Forks Herald (ND)


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