|
City of Roseville - 2005 Budget
<br />Recreation Fund
<br />The table below shows a 5 -year comparison of funding sources, uses, and changes in fund balance for
<br />the Recreation Fund.
<br />Funding Sources
<br />Property Taxes
<br />Charges for Services
<br />Rentals
<br />Donations
<br />Interest Earnings
<br />Other Revenue
<br />Total Sources
<br />Funding Uses
<br />Personnel
<br />Supplies & Materials
<br />Other Services & Charges
<br />Capital Outlay
<br />Total Uses
<br />Other Sources (Uses)
<br />Transfer In (Out)
<br />Other
<br />2000
<br />2001
<br />2002
<br />2003
<br />2004
<br />Actual
<br />Actual
<br />Actual
<br />Actual
<br />Buffet
<br />$ 1,116,523
<br />$ 1,121,024
<br />$ 1,006,764
<br />$ 1,127,615
<br />$ 1,269,355
<br />1,592,988
<br />1,407,958
<br />1,476,809
<br />1,455,991
<br />103,385
<br />30,867
<br />23,114
<br />30,301
<br />30,197
<br />1000
<br />75,049
<br />82,753
<br />21,956
<br />28,650
<br />21,585
<br />9,854
<br />7,052
<br />5,485
<br />7,599
<br />-
<br />33,798
<br />6403
<br />165,045
<br />80,658
<br />-
<br />$ 2,859,079
<br />$ 2,706,784
<br />$ 2,706,359
<br />$ 2,730,710 $
<br />2,904,325
<br />$ 1,785,704
<br />$ 1,806,416
<br />$ 1,900,699
<br />$ 1,884,926 $
<br />1,90500
<br />291,595
<br />259,988
<br />244,013
<br />211,250
<br />225,205
<br />1,056,392
<br />852,553
<br />912,057
<br />816,923
<br />925,030
<br />142,556
<br />109,294
<br />44,419
<br />77,831
<br />110,100
<br />$ (588,235)
<br />$ (868,015) $
<br />(1,139,465)
<br />$ (1,138,675)
<br />$ (1,138,675)
<br />$ 3,276,247
<br />$ 3,028,251
<br />$ 3,101,188
<br />$ 2,990,930
<br />$3,165,335
<br />$ 1,523,484 $ 4107 $ 123,378 $ 261 M 10 $ 261 M 10
<br />Total Other Sources (Uses)
<br />$ 1,523,484
<br />$ 4107
<br />$ 123,378
<br />$ 261 M 10
<br />$ 261 M 10
<br />Excess of Funding Sources
<br />Over (Under) Funding Uses
<br />$ 1,106,316
<br />$ (279,780) $
<br />(271,450)
<br />$ 790
<br />$ -
<br />Fund Balance - Jan 1st
<br />$ (1,694,551)
<br />$ (588,235)
<br />$ (868,015)
<br />$ (1,139,465)
<br />$ (1,138,675)
<br />Fund Balance - Dec 31st
<br />$ (588,235)
<br />$ (868,015) $
<br />(1,139,465)
<br />$ (1,138,675)
<br />$ (1,138,675)
<br />Discussion Items
<br />The City's Recreation Fund experienced recurring operating deficits during the late 1990's and early
<br />2000's. Beginning in 2003, the City adopted a more conservative revenue forecast methodology that
<br />has more accurately represented the Fund's financial activities. In late 2004, citing the revised
<br />methodology and economic realities, the City Council agreed to transfer monies in from other parks and
<br />recreation - related funds to erase the accumulated deficit.
<br />20
<br />
|