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Cityo <br />ILA f <br />Louisville <br />Parks & Recreation <br />RECREATION / SENIOR CENTER <br />PG.2 <br />Other O.eratin. Ex•enditures <br />Source <br />2019 YTD <br />CY Projection <br />CY Budget <br />Capital <br />$197,984 <br />$468,060 <br />$480,760 <br />Transfers In <br />Source <br />2019 YTD <br />CY Projection CY Budget*** <br />Tfer from Capital Projs Fund <br />Xfer from General Fund <br />Total <br />***Initial seed amount of 625,700 excluded. <br />$83,333 <br />$1,156,907 <br />$1,240,240 <br />$125,000 <br />$1,735,360 <br />$1,860,360 <br />$125,000 <br />$1,109,660 <br />$1,234,660 <br />Fund Balance Status <br />SUBTOTALS (CONT'D FROM PG.1) <br />($350,687) <br />Net Operating Surplus/Deficit <br />($197,984) <br />Other Operating Expenditures <br />I($548,671) <br />Net Operating Surplus/Deficit + Other Exp. <br />$93,750 <br />CIF Transfer <br />$832,245 <br />GF Transfer*** <br />I$377,324 <br />Net Change to Fund Balance <br />Target End of Year Fund Balance <br />$1,105,182 <br />Estimated Reserve Balance <br />Target Reserve Allocation <br />$1,053,574 <br />$51,608 To Target <br />$262,334 <br />R&R <br />I$169,975 <br />FF&E <br />I$672,873 <br />15% Reserve Minimum^ <br />^15% of Operating Expenditures. <br />Operational Budget vs Historical Average <br />CY Budget** Historically* <br />Revenue 81% 75% <br />Expenses <br />63% 73% <br />* Avg % of Revenue or Expenses that the Rec Center historically spends during this reporting <br />7 timeframe. Based on data from 2017-2019. **t;udgeted admendments included PG. 2 of 2 <br />