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OF ' REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 1. STAFF REPORT Report Number: 95-1420WS OEW AGENDA SESSION DATE August 7. 1995 Report Date: 8-3-95 DISPOSITION Item Description: Continued Discussion on 1996 Enterprise Budgets (Golf Course, Golf Course Update, Recreation Activity Fund, Street Light Utility) Administrator's Review/Recommendation: , - No comments to supplement this repor ; - Comments attached. Explanation/Summary (attach supplem nt sheets a. ecessary.) S1 JMMARY; Presented herein are the first drafts of the Recreation Activity Fund, Street Light Utility Fund, and Golf Course Funds 1996 Budgets. Staff will be present at the August 7, 1995 Agenda Session to review these budgets with you and to answer any questions which you may have. The highlights of these budgets are presented below. General recreation programs offered by the Parks & Recreation Department are accounted for in the Recreation Activity Fund. The fund is operated on a "pay as you go" basis pursuant to Chapter 203.06 of the City Code. Any profits which may be generated from recreation programming are to be spent exclusively for recreational needs. The 1996 recreation activities have been budgeted on a break-even basis. Estimated revenues of $223,232 match budgeted expenditures. A transfer of $32,704 from the General Fund, to cover administrative costs formerly budgeted in the Recreation Department budget, has been equally allocated to Youth, Adult, General, and Swimming recreation activities. The anticipated programs to be offered in each of these areas in 1996, and their associated revenues and expenditures, have been outlined by the Parks & Recreation Department and are attached for your review. The Street Light Utility provides for the installation and the operation of street lights within the City. Expenses include 5% of the salary and benefits of the Administrative Intern, costs of operation and maintenance of street lights, and the installation of 5 street lights petitioned for and the installation of an additional 10 for safety considerations. Total budgeted street light expenses of$64,450 will be offset by a like amount of revenue from users of the system. Rates remain unchanged from 1995. A single family residential property will pay $2.85 per quarter; the same amount that was paid in 1995. The Parks and Recreation Director's budget estimates for the Golf Course Fund indicate that revenues will equal the costs of operation and scheduled debt service in 1996. Estimated revenues are based upon projections contained in the marketing analysis of Effective Golf Course Systems. Revenues are as follows: Greens Fees - 24,000 rounds @ $8.50 = $221,000 Club House Sales/Rentals/Services 28,200 Practice Range - 20,0000 buckets @ $5.50 = 110,000 Total Revenues $359,200