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., , . _~l_~r ,,, <br />~?L-E~S~4NT~~No <br />Quarterly Financial Report <br />Operating Budget <br />First Quarter of FY 2008-09 <br />As of September 30, 2008 <br />Golf Operating Fund :O' <br />The Golf Operating Fund is at 33.7% of budgeted revenues and 30.1%. Golf rounds for <br />FY 2009 are budgeted at 65,000. As of September, 2008 Callippe had recorded 20,205 <br />rounds, which is 97% of the 20,800 budgeted for the first three months of the fiscal <br />year. It is 92.6 % of the rounds recorded in Q1 2008 which ended up at 71,000 rounds <br />for the year. If rounds played remain at 92.6% of the prior year, approximately 65,750 <br />rounds will be recorded for this fiscal year. <br />•.- ..- ~ <br />Beg Fund Bal 2,354,749 <br />Revenues 4,310,889 1,450,883 33.7% <br />Oper & Maint Exp -3,626,254 -1,092,206 30.1 <br />Net Income from Operations 684,635 358,677 <br />Transfer Out to Debt Service -1,293,595 -1,088,519 <br />Change in Fund bal E08,960 -729,842 <br />Endin Fund bal 1,745,789 <br />Special Revenue Funds <br />Lower Income Housing Fund <br />The Lower Income Housing Fund is at 23.4% of budgeted revenues and 5.2% of <br />expenditures with 75% of the year expended. Expenditures are only at 5.2% in part <br />because administrative costs are charged to this fund at year end when actual cost <br />information is available. <br />- - ..- <br />• ~ <br />Beginning Fund Balance 13,149,763 <br />Revenues 1,418,631 331,467 23.4% <br />Expenditures -993,140 -51,613 5.2% <br />Change in Fund Balance 425,491 279,854 <br />Ending Fund Balance 13,575,254 <br />~~ Good. Positive Indicator ~ Caution. Unsettled Indicator Problem. Negative Indicator <br />B-6 <br />