Title
Receive the Parks General Fund, Fund 001, FY 2018-19 annual financial report.
Report
RECOMMENDATION:
It is recommended that the Parks Commission receive the Parks General Fund, Fund 001, FY 2018-19 annual financial report.
SUMMARY:
The Resource Management Agency (RMA) is responsible for over 30,000 acres of parks and open space, including the following parks: Jacks' Peak, Manzanita, Royal Oaks, San Lorenzo, Toro, Laguna Seca, Lake Nacimiento (SLO County), Lake San Antonio, Pajaro, and Travel Camp (plus 2,000+ acre of open space on the former Fort Ord). RMA provides an annual summary of the Parks Budget to Actuals (Attachment A), Revenue & Expenditures by Park (Attachment B) and Revenue by Activity (Attachment C). This financial data reflects costs/revenue associated specifically with five (5) parks: Jacks' Peak, Manzanita, Royal Oaks, San Lorenzo, and Toro Parks.
The Fiscal Year (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 for the year total $973,662. Since revenues were less than anticipated, RMA managed expenditures ($3,175,179) accordingly, which resulted in a net General Fund Contribution of $2,201,517. Attachment A provides Budget to Actuals detail for FY 2018-19.
Historically, Parks staff were funded out of different sources and actual time at each of the five facilities 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 operational needs. Losses (expenditure exceeding revenue) were recorded at all day-use parks which ranged from a loss of $6,582 at Manzanita to a loss of $351,061 at San Lorenzo. Tracking activities show that day-use park entry fees are the largest revenue source for all parks except San Lorenzo, which realizes more revenue from ...
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