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Council accepts All Seasons Arena audit showing $94,000 operating loss; approves $14,179 in change orders
Summary
City Administrator McCann told the council the All Seasons Arena posted a $94,000 year‑end operating loss but its net position rose about $10 million from bond proceeds; the council approved three change orders increasing the project by $14,179.04.
The North Mankato City Council accepted the All Seasons Arena annual financial report for the year ended Dec. 31, 2024, and approved change orders increasing the project cost by $14,179.04.
City Administrator McCann told the council that the arena's audit had been approved by the All Seasons Arena Board. McCann said the facility posted a year‑end operating loss of $94,000 but showed an increased net position of about $10 million attributable to bond proceeds. The council accepted the financial report.
McCann also reported three requested change orders—from Met‑Con, Laketown Electric and Becker Arena Products—totaling $14,179.04. Council Member Steiner moved to adopt Res. No. 93‑25 approving the change orders; Council Member Oachs seconded and the motion carried unanimously.
