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Conejo Recreation and Park District Proposed Two -Year Budget Fiscal Years 2021-22 & 2022-23 June 3, 2021 The following message is provided to assist the Board of Directors and the public in reviewing and understanding the District's operating and capital budgets. The Two -Year Budget forecasts District revenues over the next two years and provides a plan for spending those revenues consistent with the District's mission to enrich the quality of life for our community by preserving and enhancing recreational opportunities, parks and open space. The attached proposed two year budget covers fiscal years (FY) 2021-22 and FY 2022-23, including the following funds: General Fund, Districtwide Assessment District Fund, Dos Vientos Assessment District Fund, Rancho Conejo Assessment District Fund, and Equipment Replacement Fund. Although not mutually exclusive, each of these funds has an independent revenue source and has been created to accomplish designated expenditure goals. The budget process began with the adoption of a preliminary budget on April 1, 2021. Public hearings have been held at subsequent meetings. The process is scheduled to conclude with adoption of the budgets on June 17, 2021. IMPACTS OF THE COVID-19 PANDEMIC The COVID-19 pandemic caused an economic and social upheaval to the community and presented the District with multiple challenges. At the outset of the pandemic, the District took immediate preventative measures to address the projected financial impacts by reducing expenses while also providing critical services to the community. While the past year created a lot of uncertainty, with the rollout of various vaccines and easing of restrictions; signs point to an economic recovery. Total COVID Related Expenses and Reduced Revenues FY 19/20 and FY 20/21: $65194,008 COVID Related Expenses: $1.,466.,745 Total The District tracked COVID-1 9 related expenditures since March of 2020 in accordance with guidance from FEMA and guidelines for the Coronavirus Relief Fund. Expenditures include: Labor and Materials including Personal Protective Equipment, Community Assistance, Emergency Paid Leave and Unemployment Insurance.