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Q)ROPo <br />GENERAL MANAGER <br />Jim Friedl <br />TO: Board of Directors <br />FROM: Jim Friedl, General Mana r <br />DATE: May 7, 2015 <br />SUBJECT: Budget Adjustments for Fiscal Year (FY) 2014-15 <br />RECOMMENDATION <br />Approve the FY 2014-15 budget adjustments delineated on Exhibit A. <br />DISCUSSION <br />BOARD OF DIRECTORS <br />Ed Jones, Chair <br />Chuck Huffer, Vice Chair <br />George Lange, Director <br />Susan L. Holt, Director <br />Joe Gibson, Director <br />GENERAL MANAGER EMERITUS <br />Tex Ward <br />A review of the FY 2014-15 budgets has been completed. The following adjustments are <br />recommended for the reasons noted. <br />General Fund <br />The district budgets an amount for workers' compensation costs for existing employees in <br />each work center. An additional amount, for persons who are no longer active employees, is <br />budgeted in the Risk Management work center. The total amount budgeted in the general <br />fund for this fiscal year is approximately $295,000. Costs this year have exceeded the budget <br />primarily due to medical and legal expenses. The proposed adjustment, $120,000, will be <br />funded with unbudgeted property tax revenue. <br />In addition to workers' compensation, the district's liability claim expenses are projected to <br />exceed budget, due primarily to one lawsuit. The proposed adjustment, $85,000, will be <br />funded with unbudgeted property tax revenue. <br />It is also proposed that $25,000 in vending machine proceeds, accumulated over several fiscal <br />years, be used to fund the purchase of soccer goals ($20,000) for Conejo Creek South, and <br />furniture for the Crowley House ($5,000) in support of holding new Therapeutic programs <br />there. <br />403 West Hillcrest Drive I Thousand Oaks, CA 91360-4223 <br />(805) 495-6471 FAX: (805) 497-3199 Email: parks@crpd.org <br />