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Districtwide Assessment District Fund <br />Recognize $1,000,000 anticipated grant revenue from the Santa Monica Mountains <br />Conservancy, awarded in FY 2023-24. Add Appropriation for Wildfire Vegetation Reduction <br />of $1,000,000 to be reimbursed by the Conservancy grant. <br />Recognize $60,000 in fund balance (prior year savings) revenue and add $60,000 for <br />completion of the District's Master Plan update. <br />Fiscal Year 2024-2025 Budget Adjustments - Carryovers <br />Using grant receivables and fund balance carryovers, the following items in the capital projects, <br />equipment replacements and districtwide assessment funds adjust carryover amounts. These <br />amounts reflect the balances at 6/30/24. Such adjustments are driven by project timing and will <br />be reviewed as part of the regular Capital Improvement Program Status Report: <br />• Crowley House Improvements —appropriate balance of $62,127 <br />• Recreation Equipment —appropriate balance of $45,000 <br />• Rancho Portero Improvements —appropriate balance of $617,536 <br />• Borchard Infrastructure Improvements —appropriate balance of $49,572 <br />• Conejo Community Design Improvements —appropriate balance of $308,495 <br />• Districtwide Creek Clearance and drainage —appropriate balance of $119,149 <br />• City of Thousand Oaks General Plan Update —appropriate balance of $11,084 <br />• Conejo Community Improvements —appropriate balance of $427,250 <br />• Chumash Museum Repairs —appropriate balance of $30,367 <br />Strategic Plan Compliance <br />Meets Strategic Plan Vision Statement: In order to continue to serve our community and be <br />recognized as a top recreation and park district in the nation, we must be financially stable. <br />Prepared by, <br />Melissa Smith, Director <br />Management Services <br />Attachments: <br />Exhibit A: FY 2023-24 Budget Adjustments <br />Exhibit B: FY 2024-25 NEW Budget Adjustments <br />Exhibit C: FY 2024-25 Carryover Budget Adjustments <br />