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Minutes of a Meeting of The North Olmsted Parks and Recreation Commission March 6, 2006 Page Three Ms. Jones and Mr. Baxter asked about the Gift Certificate/Credit Voucher figures in each of the Accounts. Mr. DiSalvo said that gift certificates can be bought in each particular department. For example, if someone wanted to buy a gift certificate for their grandchild in the Gymnastics Department for gymnastics lessons, it would be purchased directly through that Department. Instead of giving a cash refund, the Credit Voucher would come into play when the grandchild did not want gymnastics lessons but would rather use the gift certificate for something in the Pool; the money would be taken from Gymnastics and applied to the Pool. Mr. Baxter asked about the negative figure in the Rink; Ms. Drenski replied that would show as revenue to rink under classes and programs; they paid, it showed up in January as a class and then, for whatever reason there was a credit voucher given, it would show up as a negative figure for the credit voucher and put it back as revenue for the rink in February when the class would be taken. Mr. Baxter said that he understood; but that there are not a lot of dollars involved. Ms. Drenski said she realizes it’s not a lot of dollars but is set up by the Secretary to be shown in the correct department. Mr. Baxter then asked what Endowment meant. Ms. Drenski replied that Endowment meant money that is being taken in that would be going out to a certain, specific area, instead of general revenue; a P.O. can be cut on that specific account. For example, hockey has an endowment for money that they bring in for non-resident fees so that money can then be used directly for rink improvements. (Short, soft, overlapping conversation on tape). Ms. Powell asked a question about Tennis revenue; what did “Daily Admissions” mean? Mr. DiSalvo said that would mean court reservations. “Programs” would be either the leagues or classes or instruction teaching. “Facility Rental” is Pro Shop payment. Ms. Powell continued by saying that she thought there was a certain amount in the Tennis Endowment Fund and asked if it was gone. Ms. Drenski said that figure would mean income for the specific month indicated. Ms. Drenski explained to Ms. Powell that, under Concession, the Programs figure consisted of what comes in for the month after registering, for example, for the learn-to-skate, and there is a $44 charge; $42 goes to the rink; $2 goes to concession; at the end of the six-week class a pizza and a pop goes to each child. This program was instituted about three years ago and has become very successful. Mr. Terbrack noticed that the Sales Tax probably isn’t enough; Mr. Baxter agreed. Mr. Terbrack said that this is strictly revenue and not expenses; that must be kept in mind. Ms. Drenski said to remember that when the camp programs are held, there is a meal ticket able to be bought ahead of time when the children register for the camps; e.g., when spring break camp comes, they can buy a meal ticket for the week, and that would go under the programs as well. Mr. DiSalvo asked if there were any other questions on the income report. Page 3