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143 Recreation Fund Summary <br />144 The following table depicts the 2008 financial activity for the Recreation Fund for the fiscal period ending <br />1 <br />145 June 30, 2008 (unaudited). <br />14 6 <br />Revenues <br />General prop erty taxes <br />Charges for services <br />Rentals / Lease <br />Donations <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Recreation <br />Other <br />2008 <br />2008 <br />% <br />% <br />Bu. <br />Actual <br />Actual <br />Expect. <br />Diff. <br />1.1787.1335 <br />0.0% <br />0.2% <br />-0.2% <br />1 .14 0.190 <br />799.1075 <br />54.7% <br />48.4% <br />6.3% <br />50.1000 <br />34.1309 <br />68.6% <br />52.4% <br />16.2% <br />30.1000 <br />11.1672 <br />38.9% <br />22.8% <br />16.1% <br />1.1140 <br />-1 <br />0.0% <br />0.0% <br />0.0% <br />244.1370 <br />106.1260 <br />43.5% <br />61.2% <br />-17.7% <br />$ 3.1573.1745 $ 951.1316 26.6% 25.3% 1.3% <br />3.1573.1745 1.1677.1545 46.9% 42.1% 4.9% <br />-1 -1 n/a n/a n/a <br />Total Expenditures $ 3.1573.1745 $ 1.1677.1545 46.9% 42.1% 4.9% <br />'147 <br />'148 Comments.- <br />149 Recreation Fund revenues and expenditures were higher than expected. Notable exceptions include.- <br />Charges for services were higher than expected due to increased program fees collection due to <br />timing differences. This had a corresponding impact on expenditures however. Rentals and <br />1 w, 3 donations were also higher than expected but do not necessarily reflect a new trend. <br />155 The Recreation Fund is currently in fair financial condition with a cash reserve of $,500,000 or 14% of the <br />1 annual operating budget. However additional reserves will be needed to ensure program stability. <br />1 <br />Page 7 of 15 <br />