Title
Receive the Parks General Fund Biannual Financial Report for the period July 1, 2018 through February 28, 2019.
Report
RECOMMENDATION:
It is recommended that the Budget Committee receive the Parks General Fund Biannual Financial Report for the period July 1, 2018 through February 28, 2019.
SUMMARY:
The Parks budget includes five (5) parks; Jacks Peak, Manzanita, Royal Oaks, San Lorenzo, and Toro. The Rifle Range at Laguna Seca was transferred to the County Administrative Office effective July 1, 2018. The Resource Management Agency is providing an 8-month (Period 8) summary of the Parks Budget to Current Year Estimate, with Period 8 Actuals Financial Report (Attachment A), Revenue & Expenditures by Park (Attachment B) and Revenue by Activity (Attachment C).
The FY 2018-19 Parks General Fund Adopted Budget, includes Revenues and Expenditures of $1,269,283 and $3,779,134, respectively, with a General Fund Contribution of $2,509,851 to balance the budget. Actual revenues collected through Period 8 total $439,351 and actual expenditures incurred total $2,097,706; a detailed discussion follows. (Attachment A).
Historically parks staff were funded out of different sources but their actual time at each facility was not tracked. RMA initiated tracking revenue and expenses by park (Attachment B) and tracking revenue by activity at each park (Attachment C) to better understand the operations. Losses (expenditure exceeding revenue) were recorded at all parks except Jacks Peak, for day use ranging from $6,090 at Manzanita to $201,353 at San Lorenzo. Tracking activities shows that day use (park entry fees) is the largest revenue source in all parks, except San Lorenzo, which realizes the most revenue from camping.
DISCUSSION:
The five (5) parks collected $396,651 in revenue through Period 8, with the top two (2) revenue generators being Toro at $207,720 and San Lorenzo at $141,785. The revenues for each park are tracked by activity to provide information on...
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