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LCityof <br />Louisville <br />Recreation & Senior Center <br />January 1, 2019 To September 30, 2019 <br />Quarter 3 <br />Other O.eratin. Ex.enditures <br />Source <br />2019 YTD <br />CY Projection <br />CY Budget <br />Capital <br />$275,256 <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 />$93,750 <br />$1,301,520 <br />$1,395,270 <br />$125,000 $125,000 <br />$1,735,360 $1,109,660 <br />$1,860,360 $1,234,660 <br />*** Initial seed amount of $676,250 excluded. A** CIF transfer subtotal is YTD by quarter and may differ <br />from 2019 YTD column due to posting date of latest transfer. <br />Fund Balance Status <br />SUBTOTALS (NET OPERATIONS) <br />I($406,702) <br />Net Operating Surplus/Deficit <br />I($275,256) <br />Other Operating Expenditures <br />($206,708) <br />Non-FF&E Earmarked Expenditures <br />($68,548) <br />FF&E Earmarked Expenditures <br />I($681,959) <br />Net Operating Surplus/Deficit + Other Exp. <br />$93,750 <br />CIF Transfer^** <br />$832,245 <br />GF Transfer*** <br />I$244,036 <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 />$920,286 <br />$184,896 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 />FOR INTERNAL AUDITIF <br />PURP' <br />Expendituie, uiviue5. <br />208723,208727; Aquatics: 208722,208725; <br />Athletic Field Maint: 208754; Memory Square <br />Pool Maint: 208754; RecCenter Bldg Maint: <br />208721; Senior Activities & Services: <br />208728,208731; Youth Activities: <br />208724,208726,208732 <br />Operational Budget vs Historical Average <br />7. t.t nougat-- Historically* <br />Revenue 87% <br />Expenses <br />67% <br />75% <br />73% <br />* Avg % of Revenue or Expenses that the Rec Center historically spends during this reporting <br />timeframe. Based on data from 2017-2019. ** Budgeted admendments included <br />PG. 2 of 2 <br />