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MEMO TO: PARKS AND RECREATION COMMISSIONERS <br />FROM: MARY SAARION, DIRECTOR <br />PARKS, RECREATION AND FORESTRY <br />DATE: JULY 27, 1989 <br />SUBJECT: CLARIFICATION ON PARK IMPROVEMENT FUND <br />At the end of 1988, the Park Improvement Fund showed $66,203.91. In June, 1989, <br />the Park Improvement Fund showed $56,350.72. This difference is because between <br />these dates parks equipment and projects were purchased according to the 1989 5 <br />year capital improvement plan as reviewed, revised and approved by the Commission. <br />Also, expenditures include revised expenditure for installation of security lighting at <br />Greenfield Park. <br />Balance as of JanuaEy 1 1989 $ 66,203.91 <br />Capital purchases: 9,853.19 <br />park signs <br />trash containers <br />picnic tables <br />benches <br />security lighting <br />Balance as of June 1, 1989 $56,350-72 <br />MS/SL <br />