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was Recreation Fund Summary <br /> 96 The following table depicts the 2011 financial activity for the Recreation Fund for the fiscal period ending <br /> 97 September 30, 2011,(unaudited). <br /> 91,13 <br /> 2011 2011 % % <br /> Buffet Actual Actual Expect. Diff. <br /> Revenues <br /> General property taxes $1,928,924 $ 974,377 50.5% 50.1% 0.4% <br /> Charges for services 1,890,450 1,234,997 65.3% 66.9% -1.5% <br /> Rentals/Lease - 3307 n/a n/a n/a <br /> Donations - 15,318 n/a n/a n/a <br /> Interest earnings 6,500 - 0.0% 0.0% 0.0% <br /> Miscellaneous - 32,500 0.0% 0.0% 0.0% <br /> Total Revenues $3,825,874 $2,290,799 59.9% 58.3% 1.6% <br /> Expenditures <br /> Recreation 3,825,874 2,754,043 72.0% 70.6% 1.4% <br /> Other - - n/a n/a n/a <br /> 99 Total Expenditures $3,825,874 $2,754,043 72.0% 70.6% 1.4% <br /> Ti�� ,Ti Comments: <br /> 1 2 Recreation Fund revenues and expenditures are near expected levels. <br /> 1 CM The Recreation Fund is currently in fair financial condition with a cash reserve of$518,000 or 13%of the <br /> 1 5 annual operating budget. The Council-adopted policy recommends a reserve level of 25%. Additional <br /> 1 6 reserves will be needed to ensure program stability. <br /> 1 "7 <br /> Page 6of13 <br />