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Recreation Fund Summary <br />The following table depicts the 2013 financial activity for the Recreation Fund for the fiscal period <br />ending September 30, 2013 (unaudited). <br />Revenues <br />General property taxes <br />Charges for services <br />Rentals / Lease <br />Donations <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Recreation <br />Total Expenditures <br />2013 <br />Bud�et <br />$ 2,075,215 <br />1,921,877 <br />4,513 <br />6,500 <br />$ 4,008,105 <br />2013 % % <br />Actual Actual Expect. Diff. <br />$ 1,032,313 49.7% 51.0% -1.3% <br />1,175,547 612% 65.6% -4.5% <br />32,683 0.0% 0.0% 0.0% <br />41,648 0.0% 0.0% 0.0% <br />- 0.0% 0.0% 0.0% <br />31,360 0.0% 0.0% 0.0% <br />$ 2,313,551 57.7% 60.4% 12% <br />4,008,105 2,578,017 64.3% 70.0% -5.7% <br />$ 4,008,105 $ 2,578,017 64.3% 70.0% -5.7% <br />Comments: <br />Recreation Fund revenues and expenditures are near expected levels. <br />The Recreation Fund is currently in good financial condition with $922,000 in available cash reserves <br />or 22% of the annual operating budget. The City's Cash Reserve Policy establishes a target reserve <br />level of 25% for this Fund. <br />Page 6 of 13 <br />