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Minutes of a Meeting of the North Olmsted Parks and Recreation Commission December 3, 2007 Mr. Lasko asked if there was any further comment or discussion; there being none, all in favor signified with an aye, and the Motion passed unanimously. SUB COMMITTEE REPORTS None REPORT OF THE RECREATION COMMISSIONER Financial Review November 2007 Month-to-Date Recreation Department Financial Report Mr. DiSalvo reported that the year-to-date monthly financial report shows that the income was not closed out until December 3. The Commissioner added two additional columns on this report. It used to be the year-to-date actual percentage and the year-to-date actual percentage for both revenues and expenses. What he did was, since year-end is near, is actually putting down what the actual cost center budget was and then the expense budget shows right next to it. This may be complicated. I’ll start with Administration: our target was 91%; we hit the target and that’s mainly due to property taxes reflected. So, the budget was set at $1,197,657, and we hit that at 100%. Our expenses are at 93%, or $267,172. Our annual budget for expenses is at $288,767 so, with one month to go, this is where the Rec Department is. Enrichment shows 98.8%%. She is only $1,000 from hitting her budget. The same with expenses: she’s fine at 94% (Jenny Couts). The revenue budget shows $119,500, and she’s at $118,000 rounded off; she’ll be fine with her expense. The only expense she has at this point is actually her salary. Maintenance does not have revenues, but they are doing a great job with expenses. However, the Department is at 86.5%; that’s right around $1,027,000. They are budgeted for $1,200,000. The past two or three weeks, the Rec Department is emptying those accounts. We are stocking up on supplies and making a concerted effort to spend everything, because if the Rec saves it, it won’t do us any good anyway. We won’t go over, but we’re spending it. Mr. DiSalvo said he was told to do that. With Pool, Cindi (Bartko) hit her budget; she is actually at 104%. She was budgeted for $161,000, and she’s up to $167,000. Pool and Rink continue to grow each day. Just last Friday, the Rink had a rental of over $14,000. Up until the last day, December 31, 2007, Mr. DiSalvo could guarantee a generation of another $60,000. The Ice Rink shows basically $100,000 behind. However, ground will be gained, but everyone in this room knows she is not going to make that budget with the Rink being closed and all the other issues experienced. Page 3