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Recreation Fund Summary <br />The following table depicts the 2015 financial activity for the Recreation Fund for the fiscal period <br />ending June 30, 2015 (unaudited). <br />Revenues <br />General property tases <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 />Budget Actual Actual Expect• Diff. <br />$ 2,250,350 $ - 0.0°/a 0.0% 0.0% <br />2,018,670 937,252 46.4°/a 45.9% 0.5% <br />- 28,328 0.0% 0.0% 0.0% <br />10,500 49,975 476.0% 0.0% 476.0% <br />3,300 - 0.0% 0.0% 0.0% <br />500 - 0.0% 0.0% 0.0% <br />$ 4,283,320 $ 1,015,554 23.7% 23.7% 0.0% <br />4,283,320 1,924,265 44.9% 40.5% 4.4% <br />$ 4,283,320 $ 1,924,265 44.9% 40.5% 4.4% <br />Comments: <br />Recreation Fund revenues and expenditures are near expected levels. <br />The Recreation Fund is currently in good iinancial condition with $1,099,000 in available cash reserves <br />or 26% 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 />