Recreation Advisory Board Agenda and Packet 2020 07 27

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Coal Creek Golf Course (CCGC) The Golf Fund saw increases to both revenues and expenditures as part of the budget amendment. This was primarily due to a $300,000 general fund transfer to cover the cost of the new golf carts that arrived earlier this summer. Expenditure changes to the fund are detailed on page 32 of the attachment. Highlights include: • $50,000 reduction in professional services • $9,170 reduction in rentals -equipment • $20,650 reduction in regular salaries • $170,350 INCREASE for golf carts These changes decreased budgeted expenditures by $89,840 (excluding the increase for golf carts). These cuts were meant to offset the decrease in revenue highlighted below. Revenue changes to the Golf Fund are details on page 35 of the attachment. Highlights include: • $62,320 INCREASE in green fee revenue • Decreases in most other revenue accounts These changes decrease the budgeted revenues by $81,430 and are attributable to the impacts of Covid 19 on golf operations. While we have seen substantial increases to green fees, operational restrictions have had negative impacts on most other revenue streams. Louisville Recreation & Senior Center (LRC) The LRC saw decreases to both revenues and expenditures as part of the budget amendment. Expenditure were decreased by $956,460 and are detailed on pages 26-29 of the attachment. Highlights include: • Elimination of 4 FTE positions o 2 lead lifeguard positions, 2 recreation supervisor I positions • Substantial decreases to variable salaries • Closure of Memory Square Pool • Elimination of Nite at the Rec Programming • Reduction and Elimination of capital expenditures Revenue decreases to the Recreation Fund totaled $1,067,310 and are detailed on pages 34-35 of the attachment. These revenue projections were created using some assumptions and making adjustments to specific areas (i.e. full memory square closure, elimination of night at the recreation). The assumptions used included a 50% reduction in membership revenue for the remainder of the year and a 75% reduction in programming revenue. As we continue forward staff will use actual revenue data and update projections as needed. As part of the 2021-22 budget process staff provided initial revenue projections for 2020-2026. Staff has used our 2020 projections as our base and applied a square root model in which we expect revenues to rebound at a larger percentage in 2021 and then slowly return to pre-covid revenue levels between 2022 and 2026. • Page 2