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Controller reports operating funds ahead; capital planning scheduled after budget season
Summary
The parks controller reported the operating fund revenues were ahead of expenditures by roughly $728,000 and outlined balances across several funds; the board plans a 5–10 year capital planning review after the budget season.
The Greenwood Parks and Recreation Board received an operations and finance update on Aug. 1 from the controller, who reported operating fund revenues ahead of expenditures by about $728,000, leaving an operating balance of about $5.6 million. The controller also reviewed other fund balances: a food and beverage fund with a roughly $4.0 million balance, S&R funds with about $754,000 (year-to-date increase of $191,000), and park fee fund balance at about $1.5 million (up $239,000 for the year). The controller said summer spending patterns typically draw down program balances and that the department will meet to develop a 5–10 year capital plan after budget season. Board members acknowledged the report and staff said a draft budget will be provided to the board for review at the next meeting.
