BUDGET ADJUSTMENTS FY 16 17 - Laserfiche WebLink

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Conejo Recreation & Park District GENERAL MANAGER Jim Friedl DATE: November 2, 2017 TO: Board of Directors FROM: Jim Friedl, General Manag SUBJECT: Budget Adjustments f Fi ear (FY) 2016-17 RECOMMENDATION Approve proposed FY 2016-17 Budget Adjustments. DISCUSSION BOARD OF DIRECTORS George M. Lange, Chair Susan L. Holt, Vice Chair Joe Gibson, Director Ed Jones, Director Chuck Huffer, Director GENERAL MANAGER EMERITUS Tex Ward A review of the FY 2016-17 year end has been completed. The following adjustments are recommended for the reasons noted. General Fund Recognize $43,000 in additional RDA Property Tax revenue -.. from $1,425,000 to $1,468,000 and appropriate as follows: $35,000 to the Grounds Maintenance work center for the Field Refurbishment account, from $90,000 to $125,000 for expenses of additional square footage of fields requiring refurbishment. $6,000 to the Borchard Center Instruction Contracts account, from $120,000 to $126,000 for additional classes. Note that Borchard Center revenues exceeded budget by $110,000. $2,000 to the Hillcrest Center Telephone account, from $40,000 to $42,000, to account for adjustment in accounting for telephone expenses between this work center and the Information Technology work center. In each case above, the budget overage is less than 1% of the respective work center budget. All told, a great year! Meets Strategic Plan Vision Statement: In order to continue to serve our community and be recognized as a top recreation and park district in the nation, we must be financially stable. Submitted by, Sheryl Lewanda, Administrator Management Services Attachment ADMINISTRATIVE OFFICES 403 West Hillcrest Drive - Thousand Oaks, CA 91360-4223 (805) 495-6471 • FAX: (805) 497-3199 - Email: parks@crpd.org • Website: www.crpd.org