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COMMUNITY RECREATION FUNDING FORMULA <br /> <br />All terms contained herein shall be as defined in the Joint Powers Agreement. <br /> <br />Each Local Government shall pay its pro-rata share of Community Recreation's <br />operating costs as approved in the annual budget. Such budget shall be adopted in <br />accordance with Section 2 of the Joint Powers Agreement. Each Local Government' s <br />pro-rata share shall be determined using the following funding formula: <br /> <br />Each Local Government shall pay a Per Capita Assessment based on its <br />population times a per capita amount determined by the Recreation Board. <br /> a. The current per capital amount is $2.61 <br /> <br />The total Per Capita Assessment shall be subtracted from the approved budget to <br />determine the remaining balance to be funded. Each Local Government shall <br />pay the amount determined by applying its percent of participation for the <br />previous year to the remaining balance to be funded. <br /> a. Percent of participation shall be determined by dividing each Local <br /> Government's member participation by the total member participation of <br /> all Local Governments. (Non-member participation will not be included <br /> when determining the percent of participation.) <br /> <br />February 13,2001 <br /> <br /> <br />