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Parks account shows ~$150K operating balance; $27,445 owed to general fund for FY24
Summary
Finance staff told the board the parks operating account holds about $150,000 and capital improvement $8,000; staff reported Parks & Rec owes the general fund $27,445 for fiscal 2024 and committed to bringing updated monthly figures and a full financial overview to a future meeting.
City staff presented a PERCS account financial overview at the Aug. 14 Parks & Recreation meeting, reporting roughly $150,000 in the operating account and about $8,000 in capital improvement funds through June 30. The finance director will return with updated monthly numbers on a later meeting, staff said.
A staff member told the board: "So the parks and rec actually owes the general fund $27,445 for this fiscal year 24 expenses." Board members requested more detailed revenue-and-expenditure comparisons and a standing item or strategic session to review the accounts and program cost recovery going forward.
Staff noted the summer program revenues (swim and tennis) exceeded expectations and that some FY24 payroll overhead differences affect year-to-year comparisons; the board asked staff to provide a cost comparison between the two years discussed.
