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Page 4 <br /> Recreation Board Agenda Memo <br /> June 2 , 1988 <br /> Finance Director, Lori Johnson, offers the following comments. . . <br /> There are four funds that park and recreation expenditures are <br /> charged to. The General Fund Parks Operation and Maintenance <br /> budget covers all of the non-capital outlay expenditures for <br /> maintaining city parks . The Park Dedication fund, which receives <br /> its revenues from park dedication fees through the platting <br /> process , pays for park capital outlay expenditures for items like <br /> shelters, playground equipment, and land. There is also a LAWCON <br /> fund specifically for development of the Lions Park . This fund <br /> will be closed in 1988 as all grant monies have been spent. The <br /> Recreation fund which receives revenues through fees and tax <br /> dollars covers all softball, senior citizen, and community <br /> education program expenses. <br /> Below is some additional information on the revenue and <br /> expenditure breakdown of three of these funds which is not <br /> available in the audit. This shows a breakdown of how much was <br /> spent on each park and the actual cost of City funded recreation <br /> programs. <br /> PARKS OPERATION AND MAINTENANCE <br /> PARK EXPENDITURES <br /> Orono $4,500 <br /> Downtown 503 <br /> Ridgewood East 143 <br /> Lions 5 ,580 <br /> General Park Maintenance 11,992 <br /> Capital Outlay <br /> (Municipal Utilities Contribution) 13 ,523 <br />