HUNTERSVILLE – The company managing town-owned Huntersville Family Fitness & Aquatics Center (HFFA) expects revenues will exceed expenditures in the current budget, which could also result in partial repayment of extra funds the town invested in the facility.
At the town board’s budget retreat, Swim Club Management Group Founder and CEO Brian Sheehan told commissioners indications are HFFA will take in about $350,000 more than it spends based on its current budget year projections.
Moments later, Town Manager Anthony Roberts added that report backed up a plan that could allow the first transfer of funds from HFFA accounts back to the town as reimbursement of $5.3 million “loaned” to the center years ago to support operational expenses.
In the report, HFFA Executive Director Zach Brown also referenced repairs and improvements identified as priorities at the 18-year-old facility that may be included in HFFA’s 2019-20 budget requests. Brown said the various projects, including parking lot, playground and building systems upgrades, total about $320,000 but could be spread across multiple budget cycles.