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reduction is driven by a reduction in minor capital projects, partially offset by the increasing cost of water. The increase in FY2010-11 reflects increased water costs. The Recreation and Community Services budget for FY2009-10, $6,929,464, is a 2.9% increase over the FY2008-09 budget, driven primarily by the new Community Pool at CLU being open for the whole FY2009-10 year. The FY2010-11 budget, $6,933,262, is flat when compared to the FY2009-10 budget. Details by work center can be found on the individual work center budget sheets. Transfer Proposed operating transfers total $939,631 and $1,013,813, respectively, for ad valorem and general benefit contributions to the assessment districts, as well as transfers to the Equipment Replacement Fund and Lang Ranch as discussed above. Districtwide Assessment District Fund (Exhibit C) Revenue from the assessment can be used for both operational and capital project purposes. Historically, the funds have been used primarily for capital projects. The proposed budget for FY2009-10 is $3,806,959, which includes carryover funds of approximately $2.1 million from prior years. The FY2010-11 budget is $2,881,164. Dos Wentos Assessment District Fund (Exhibit D) Assessment revenues can be used for both operational and capital project purposes. The proposed FY2009-10 and FY2010-11 budgets total $1,139,701 and $782,990, respectfully. Rancho Conejo Assessment District Fund (Exhibit E) Assessment revenues can be used for operational and capital project purposes. The proposed FY2009-10 budget totals $591,742, including paving a parking lot at the Rancho Conejo Playfields; FY2010-11 totals $216,641. Equipment Replacement Fund (Exhibit F) The Equipment Replacement Fund provides for planned replacement of fleet equipment and, beginning in FY2009-10, funds are also being set aside to replace computer equipment. The FY2009-10 proposed budget totals $381,500; FY2010-11 totals $392,800 Conclusion Overall, it is believed that the 2009-2010 & 2010-11 proposed budgets are viable spending plans for the coming fiscal years. HILLCREST CENTER 403 WEST HILLCREST DRIVE, THOUSAND OAKS, CALIFORNIA 91360-4223 (805) 495-6471 FAX: (805) 497-3199 E-MAIL:parks@crpd.org rpd.org