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Open Space & Parks Fund <br />Incorporating the revised revenue projections, operating expenditure projections, interfund transfer <br />projections, and C-I-P projections outlined in the preceding discussion, the following graph summarizes <br />a history and projection of revenue, expenditures, and fund balances for the Open Space & Parks Fund. <br />9,000,000 <br />8,000..110 <br />7..000..000 <br />5..000,000 <br />5..000,000 <br />4..000,000 <br />3,0E0,000 <br />2.000,000 <br />1..0130.000 <br />1 <br />To Ir <br />Open Space & Parks Fund <br />2008 2009 2010 2011 2012 2013 2014 2035 2015 2017 2018 2019 2020 2021 2022 2023 2024 <br />— Revenue — Expenditures ''€und Balance —Minimum <br />The Reserve Policy for the Open Space & Parks Fund states, <br />The minimum fund balance of the Open Space and Parks Fund shall be maintained at or above 15% <br />of current operating expenditures. For purpose of this policy, operating expenditures include only open <br />space and parks operations and exclude all interfund transfers and capital outlay. <br />The projected Open Space & Parks Fund balance at the end of 2024 is $1.6 million. This equates to <br />46% of operating expenditures and is well above the minimum fund balance as defined in the Reserve <br />Policy. <br />Recreation Fund <br />Incorporating the revised revenue projections, operating expenditure projections, interfund transfer <br />projections, and C-I-P projections outlined in the preceding discussion, the following graph summarizes <br />a history and projection of revenue, expenditures, and fund balances for the Recreation Fund. <br />11 <br />