8/26/82 Agenda & Packet - Laserfiche WebLink

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MEMO TO: The Mounds View City Council FROM: Bruce K. Anderson, Dir Al\ ' • Parks, Recreation and RDA TE: August 23, 1982 RE: Recreation Activity Fund Accounting As per Councilmember Forslund's request, I have gone back through the past five years of the Recreation Activity Fund to provide you with the following figures regarding revenue versus expenditures. The following figures are broken down into four separate catagories. The first being revenue from recreation programs, second being expenditures for the recreation programs, third being fund balance for that individual year and the fourth being the total running balance of the Recreation Activity Account over the years. *$2,355.00 - Fund balance deficit assumed for 1977 YEAR END YEAR END YEAR END YEAR END TOTAL REVENUE EXPLNDITURE STATUS FUND BALANCE 1977 $28,260 $25,071 $3,399 $ 823 1978 30,170 31 ,736 - 1 ,566 - 743 1979 40,426 38,943 1 ,483 740 1980 42,942 50,271 - 7 ,329 - 6,589 1981 53,938 52,837 1 ,101 - 5,488 • As can be noted by the attached figures, during the pfive a positive balance during three of the five yearswith only1978yand s1980we hshowingavewn a neg- ative balance. The major reason the account is currently showing a deficit of approx- imately $5,400 is the major deficit that occurred in 1980 which totalled over $7,000 dur to the major purchase of new youth athletic equipment for soccer and softball . Our status for the Recreation Activity Account as of August 1 , 1982, shows that we have tak: in $50,772. 16 of revenue and our expenditures to date are $33,517.26 showing a positive balance of $17,254.90 as of August 1 . Assuming we continue at this current level in our account, we have the potential of showing a $10,000 to $12,000 balance surplus in this account by year end. The major reason for the great increase in revenue is that we have increased all of our recreation fees during 1982 as per the council direction to raise additional revenue. The Recreation Activity Fund Account is currently being used for all recreation programs otherhthan the two totally self supported tax programs, i .e. winter skating and summer playgrounds. We do currently run programs in the Recreation Fund Account that do not break even in their individual program through fees. We do offset those programs , i .e. puppet wagon, our adaptive programs for the handicapped, parent/tot swimming and other special interest- classes by some of our larger programs such as adult soft- ball . It has been the objective in the past and will continue to be the objective in the future for the Recreation Department to show a positive fund balance in the Recreation Activity Account after all the programs are balanced out on a year end basis. Should you desire further clarification as to the status of the Recreation Activities Fund, feel free to give me a call at extension 41 . • cc: Don Brager, City Finance Director Don Pauley, Clerk/Administrator