Recreation Advisory Board Agenda and Packet 2020 07 27

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LL Cityof Louisville PARKS, RECREATION & OPEN SPACE DEPARTMENT Memorandum To: Recreation Advisory Board (RAB) From: Nathan Mosley, Director of Parks, Recreation and Open Space Date: July 27, 2020 Re: Financial Update Purpose The purpose of this memo is to provide an update to RAB on the potential financial impacts of the Covid 19 outbreak at the Louisville Recreation and Senior Center (LRC) and Coal Creek Golf Course (CCGC) due to the required closures and ongoing restrictions on operations. The memo also provides an update on the 2021-22 budget process. Background On March 14, 2020, the City closed the Recreation & Senior Center (RSC), the Library, the Museum and Arts Center until Further notice. Two days later, on March 16, the Coal Creek Golf Course (CCGC) was closed as well. These closures were made in an effort to reduce community transmission of the virus consistent with State and local requirements and public health guidance. While the Coal Creek Golf Course was able to reopen on April 25, the Louisville Recreation and Senior Center remained closed through June 30, reopening on Wednesday July, 1. Currently CCGC and the LRC are operating under local, state and federal health guidance. This currently includes requiring facial coverings, capacity restrictions and other social distancing measures. The Senior Center remains closed based on guidance from the state regarding vulnerable populations. These closures and the impacts of Covid 19 have had significant impacts on revenue at both locations and to the city as a whole. In the recent budget amendment that was approved on July 141h by City Council, citywide revenues were decreased by $5,063,080. To help offset these decreases staff worked with the City Manager's Office and identified $2,461,540 in cost savings. The remainder of the revenue decrease will be covered with reserve funds at the direction of City Council. Staff expects Covid 19 will continue to impact the financials at CCGC and LRC due to ongoing operational restrictions and decreases in the amount of guests using the facility. Below are some highlights from the 2020 Amended Budget Document that is attached for your reference.