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SUBJECT:
<br />BUDGET RETREAT
<br />DATE:
<br />JULY 12, 2018
<br />PAGE 3 OF 17
<br />Open Space & Parks Fund
<br />2017 Projections & 2017 Audited . ctuals
<br />2017
<br />Projection Actual Variance
<br />Beginning Fund Balance 4,005,324 4,005,324
<br />Plus: Revenue
<br />Plus: Transfers -In [1]
<br />Less: Expenditures
<br />Ending Fund Balance
<br />2,717,350 3,001,957 284,607
<br />198,830 173,950 (24,880)
<br />(5,117,082) (4,534,406) 582,676
<br />1,804,422 2,646,825 842,403
<br />Adjustment for Carry Forward Amendment
<br />Net Variance
<br />(409,660)
<br />432,743
<br />[1] Transfer from Impact Fee Fund
<br />Capital Projects Funcl
<br />2017 Projections & 2017 Audited Actuals
<br />2017
<br />Projection Actual Variance
<br />Beginning Fund Balance 3,316,846 3,376,846
<br />Plus: Revenue
<br />Plus: Transfers -In
<br />Less: Expenditures
<br />Ending Fund Balance
<br />6,322,507 7,278,600 956,093
<br />1,709,990 825,151 (884,839) [1]
<br />(8,391,981) (6,786,835) 1,605,146 [2]
<br />3,017,362 4,693,763 1,616,401
<br />Adjustment for Carry Forward Amendment
<br />Net Variance
<br />(1,584,520)
<br />91,881
<br />[1] Due to Negative Variance in Transfer from Impact Fee Fund
<br />[2] Equates to a 32% 'Turnback" (Le_, 32% positive actual -to -budget variance)
<br />Equates to a 19% positive actual -to -projection variance
<br />CITY COUNCIL COMMUNICATION
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