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102 Recreation Fund Summary <br />1 ('_) 3 The following table depicts the 2008 financial activity for the Recreation Fund for the fiscal period ending <br />1 ()4 SeptemDer _30, 2008 unaudited). <br />1 <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 />Budget <br />Actual <br />Actual <br />Expect. <br />Diff. <br />1.1787.1335 <br />898.1942 <br />50.3% <br />46.8% <br />3.5% <br />1.16,42.1570 <br />1.1069.1900 <br />65. 1% <br />68.7% <br />-3.6% <br />50.1000 <br />46.1769 <br />93.5% <br />121.2% <br />-27.7% <br />45.1000 <br />6.1104 <br />13.6% <br />18.3% <br />-4.7% <br />1.1140 <br />-1 <br />0.0% <br />0.0% <br />0.0% <br />47.1700 <br />64.1574 <br />135.4% <br />2.1 % <br />43.3% <br />3.1573.1745 <br />2.1086.12 90 <br />58.4% <br />58.6% <br />-0.2% <br />3.1573.1745 2.1616.1369 73.2% 69.I% 4. 1 % <br />-1 -1 n/a n/a n/a <br />Total Expenditures $ 3.1573.1745 $ 2.1616.1369 73.2% 69.1% 4. 1 % <br />'107 Comments.- <br />0111�", Recreation Fund revenues are at expected levels. Expenditures were higher than expected due to motor fuel <br />("_)9 and energy-related costs. <br />11111 The Recreation Fund is currently in fair financial condition with a cash reserve of $,500,000 or 14% of the <br />112 annual operating budget. Additional reserves will be needed to ensure program stability. Absent the <br />113 elimination of some non-fee programs, additional property taxes remain the most viable option for <br />114 improving the overall condition. <br />11 <br />Page 7 of 14 <br />