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Minutes of a Meeting of the North Olmsted Parks and Recreation Commission December 1, 2008 budget, at year-end it will come out fine. Ms. Rudolph asked what “line item transfers” were. Mr. DiSalvo replied that in each cost center, e.g., there was $5,000 in materials and supply in the rink and maintenance didn’t use that amount, the Rec would be able to use that in another area. It usually happens in October and November. The financial reports are attached. The October 2008 expense target for Admin at 83.00% is fine. Enrichment shows a negative figure but, again, once summer camp hits with their payroll, that skyrockets everything, and the last two months remaining will be for Jenny’s (Couts) salary only, so it will begin to equal out. The pool always runs high and, for some reason, at the end of the year it always balances out. Rink is fine; Tennis is always under. Gymnastics shows a loss; however, any time her expenses are higher means she’s bringing in more money. Chris (Wetmore) is doing a good job with Team Sports. Overall, the Rec Department is at 86.10% expenses; we should be at 83.00%, with two months to go; showing about $71,000. The only issue on the Revenue Report is that Pool will not make its income level this year; all the other cost centers will. Gymnastics and Rink are having a fantastic year. All the other cost centers are holding steady with their projected revenue budgets. More tellingly, on the last page showing Recreation Programs Income Statement Comparison, year- to-date every cost center is ahead but the Pool, so year-to-date we are approximately $68,376 ahead in income from the prior year, which is very good. Financially, it’s been a tough year; but people are still coming and the programs are running strong, so we’ll finish right on target with our revenue budget as well. Mr. Scarl asked if the gas bill would be taken care of…Mr. DiSalvo said it was an unencumbered carryover that is going to take care of our utilities. Mr. Baxter said that he seemed to remember a few years back that there was revenue from the tax side from the levy or amount of income that was attributable to Recreation; does that not show up anymore? Mr. DiSalvo said he wanted to run that off as well; he couldn’t get access into the system, but he would show Mr. Baxter those figures at the next meeting. Mr. Baxter said that right now, the Rec is looking good; the income is higher than the expenses, but that bond income is supposedly recreation income which makes it even better. Mr. DiSalvo agreed. Ms. Drenski explained the Endowment program as being monies that came in for one particular program, e.g., for the Ice Show costumes, for the Swim Team suits. It comes in as revenue for each department, which has the money as is needed. Then the revenue that is left is rolled over into the next year’s endowment money. Mr. DiSalvo asked if there were any questions on the report. Mr. Mahoney asked why Pool isn’t up? Everything is up except Pool. Mr. DiSalvo said that lessons weren’t as strong as they were in ’07. He did not know why, and he’s said this before, Cindi had it Page 2