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Golf special revenue fund activity resulted in a $4,366 decrease in fund balance. This unplanned decrease is due to <br />revenues coming in lower than actual expenditures. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />• With the transfer of the funding for the golf course originating from the General fund, only up to the budgeted <br />amount will be transferred. Any fund balance deficiencies will need to be covered with operational savings or a <br />planned increase in the following year’s general fund budget transfer. <br />• Ending cash balance is ($1,809) <br /> <br />Golf Special Revenue Fund 2015 <br />Actual Budget Actual Variance Percent Dollars <br />Revenues: <br />Charges for service 261,697$ 275,300$ 256,319$ (18,981)$ -2.1%(5,378)$ <br />Interest on investments (77) (200) (222) (22) 188.3%(145) <br />Change in fair value 30 - 141 141 370.0%111 <br />Rents - 5,000 4,694 (306) 0.0%4,694 <br />Total revenues 261,650 280,100 260,932 (19,168) -0.3%(5,412) <br />Expenditures <br />Personnel services 184,916 205,000 203,263 1,737 9.9%18,347 <br />Materials and supplies 20,875 18,800 12,142 6,658 -41.8%(8,733) <br />Contractual services 115,643 113,700 107,293 6,407 -7.2%(8,350) <br />Total expenditures 321,434 337,500 322,698 14,802 0.4%1,264 <br />Transfer in 59,917 57,400 57,400 - <br />Transfer out (140) - - - <br />Changes in fund balance (7) - (4,366) (4,366) <br />Beginning fund balance (2,311) (2,318) <br />Ending fund balance (2,318)$ (6,684)$ <br />2016 Change from 2015