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C@n11@ <br />GENERAL MANAGER <br />Jim Friedl <br />DATE: September 3, 2015 <br />TO: Board of Directors <br />FROM: Jim Friedl, General Mana e <br />SUBJECT: Budget Adjustments for is ar (FY) 2014-15 <br />RECOMMENDATION <br />Approve the FY 2014-15 budget adjustments as described herein. <br />DISCUSSION <br />BOARD OF DIRECTORS <br />Ed Jones, Chair <br />Chuck Huffer, Vice Chair <br />George Lange, Director <br />Susan L. Halt, Director <br />Joe Gibson, Director <br />GENERAL MANAGER EMERITUS <br />Tex Ward <br />Year-end review of the FY 2014-15 budgets has been completed. A few work centers have exceeded <br />their budgets and require adjustment. Proposed adjustments are as follows: <br />Transfer $7,000 in Workers' Compensation appropriation from the Risk Management work center to the <br />MRCA ($5,000) and Hillcrest Center ($2,000) work centers, to cover costs for existing employee claims. <br />Transfer $6,000 in Equipment Rental appropriation from the Finance work center and $22,000 in <br />Telephone appropriation from the Data Processing work center to the Hillcrest Center work center to <br />reflect where the actual charges were appropriately posted. <br />Recognize $12,000 in unbudgeted Therapeutic revenues and increase the Program Supplies <br />appropriation in the Therapeutics work center. The unit's additional costs are offset by additional <br />revenues. <br />Recognize $15,000 in unbudgeted Property Tax revenue and increase appropriation in the Risk <br />Management work center, primarily reflecting a case settling sooner than expected. <br />STRATEGIC PLAN COMPLIANCE <br />Meets Strategic Plan Vision Statement: In order to continue to serve our community and be recognized <br />as a top recreation_gn4 park district in the nation, we must be financially stable. <br />, Management Services Administrator <br />403 West Hillcrest Drive I Thousand Oaks, CA 91360-4223 <br />(805) 495-6471 FAX: (805) 497-3199 Email: parks@crpd.org <br />