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224-2000 LTC CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 CITY OF MIAMI BEACH LEITER TO COMMISSION L.T.C. No. :nJ.!-JOOO TELEPH~) 673-7010 FAX: (305) 673-7782 OFFICE OF THE CITY MANAGER October 17, 2000 TO: Mayor Neisen O. Kasdin and Members of the City Commission FROM: Jorge M. Gonzalez City Manager ~~.. SUBJECT: Convention Center Telecommunications System I am pleased to report that we are nearly 100% complete with the telecommunications retrofit project at the Miami Beach Convention Center. We are currently awaiting final pennitting for the core drilling required to run the cabling from the Center to the preferred parking lot, and addressing small punch list items to reach final signoff. We recently used the system for both switched telecommunications and data distribution during the Ariba Live Miami 2000 event, which took place during the third week of September. The system performed to expectations in both functions, and the client stated that the Internet service received during the event was the fastest and most reliable that they had encountered. We generated total gross revenues of $21,308 from telephone rentals and long distance charges, and $89,032 in Internet services. Although we've not yet finalized month end statements, assuming a conservative projection of net profits for the show of30%, a yield of $33,102 would be realized by the City on this one show. I should also point out that the revenue received from Intemet service provision is a completely new stream, which did not previously exist. These numbers compare Ym favorably with the annual revenues as itemized below received from National Data (NDCn, the previous vendor. FY95-96 FY96-97 FY97-98 FY98-99 4 YR. AVG. Telecomm Sales $739,144 $889,867 $777,438 $887,720 $823,542 NDCI Revenue 702,187 845,374 738,566 843,334 782,365 City Revenue 36,957 44,493 38,872 44,386 41,177 Percentage 5.00% 5.00% 5.00% 5.00% 5.00% Override 17,530 10,011 31,546 68,686 31,944 Total City $ 54,487 $ 54,504 $ 70,418 $113,072 $ 73,121 Revenue Blended 7.37% 6.13% 9.06% 12.74% 8.82% Percentage . Page 1 . As we have stated, we anticipate that, by doing telecommunications in-house, the City should anticipate receiving approximately forty percent of total revenues after expenses. Therefore, the above total net revenues to the City for the four years reflected above, $292,481, would have increased to forty percent of $3,294,169, or $1,317,668. These calculations assume the same gross sales for the period. For FY 2000-2001, we have projected total revenues of $1,016,500, with associated estimated expenses of $584,942, showing an anticipated profit of $431,558, or 42% of gross sales. Should you require any further information, please contact me. JMG/MDB/DWT/dwtN~. ~ . Page 2