Agenda #: 5.6
Meeting Date: November 15, 2022
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
TITLE: GENERAL FUND BUDGET ADJUSTMENT FOR RECREATION
CONTRACT SERVICES.
STRATEGIC
GOAL: Responsible Stewardship of Public Resources
RECOMMENDATION:
A. Appropriate $115,000 from the General Fund (Fund 100) to Recreation Contract Classes (100520-55320); and
B. Approve an increase to General Fund budgeted revenues for Recreation Contract Classes in the amount of $172,500 (100-48340).
FINANCIAL IMPACT:
Total Fiscal Year 2022-23 recreation contract class expenses are expected to increase from the Adopted Budget amount of $177,000 to $292,000; therefore, an increase to the budgeted appropriation for Recreation Contract Classes (100520-55320) in the amount of $115,000 is necessary. Funding for this appropriation is received through a portion of contract class participant fees. Total Fiscal Year 2022-23 recreation contract class revenues are expected to increase from the Adopted Budget amount of $277,500 to $450,000; therefore, an increase to budgeted revenues for Recreation Contract Classes (100-48340) in the amount of $172,500 is necessary. If approved, these budget adjustments are expected to increase the General Fund’s fund balance by $57,500.
BACKGROUND/DISCUSSION:
The City Council approved the contract class budget as part of the regular budget process. Since the beginning of the Fiscal Year 2022-23, City staff has seen an increase in participation for fee-based contract classes across the board with a marked increase in tennis instruction and outdoor class enrollment. This increase is attributed to a strong return from the pandemic decline, high quality instructors, and families exhibiting a willingness to rejoin public programs. As of October 31, 2022 over 65% of the Fiscal Year 2022-23 revenue goal for contract classes had been achieved, with
eight months left in the fiscal year.
PREPARED BY:
REVIEWED BY: