MANILA COMMUNITY SERVICES DISTRICT

Transcription

1 MANILA COMMUNITY SERVICES DISTRICT FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT for the year ended June 30, 2009 ROBERT W. JOHNSON Certified Public Accountant

2 TABLE OF CONTENTS Pages Independent Auditor's Report 1-2 Financial Statements: Statement of Net Assets and Governmental Fund Balance Sheet 3 Statement of Activities 4 Statement of Revenues, Expenses and Changes in Net Assets Enterprise Fund 5-6 Statements of Cash Flows Enterprise Fund 7-8 Statement of Changes in Fund Balances Governmental Fund 9 Statement of Activities and Governmental Fund Revenues and Expenditures Parks 10 Recreation 11 Statement of Revenues and Expenditures Budget and Actual Parks Recreation Notes to Financial Statements Supplemental Information: Principal Officials 25 Grants and Projects Parks 26 Recreation 27 Community Center Revenues and Expenditures 28

3 ROBERT W. JOHNSON An Accountancy Corporation Certified Public Accountant 6234 BIRDCAGE STREET CITRUS HEIGHTS, CA (916) INDEPENDENT AUDITOR S REPORT To the Board of Directors Manila Community Services District Arcata, California We have audited the accompanying financial statements of the enterprise activities and the governmental activities of Manila Community Services District (the District ), as of and for the year ended June 30, 2009, which collectively comprise the District s basic financial statements as listed in the table of contents. These financial statements are the responsibility of the District s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the enterprise activities and the governmental activities of Manila Community Services District as of June 30, 2009 and the respective changes in financial position and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. The Management s Discussion and Analysis is not a required part of the financial statements but is supplemental information required by the Government Auditing Standards Board. Management has elected to omit the Management s Discussion and Analysis.

4 The accompanying supplemental information listed in the table of contents is presented for purposes of additional analysis and is not a required part of the basic financial statements of Manila Community Services District. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. Citrus Heights, California November 17, 2009

5 STATEMENT OF NET ASSETS AND GOVERNMENTAL FUND BALANCE SHEET June 30, 2009 Governmental Enterprise Fund Fund Parks & Recreation Water/Sewer Statement General of Net ASSETS Fund Adjustments Assets Total Current assets: Cash and investments (Note 3) $ 1,000 $ - $ 1,000 $ 342,668 $ 343,668 Accounts receivable ,102 32,102 Grants receivable 35,212-35,212-35,212 Inventory ,602 6,602 Prepaid expenses ,297 3,281 Total current assets 37,196-37, , ,865 Interfund receivable 140, ,130 Noncurrent assets: Capital assets (Notes 4, 5 and 6) - 1,823,916 1,823,916 6,004,098 7,828,014 Less accumulated Depreciation - 379, ,020 4,815,290 5,194,310-1,444,896 1,444,896 1,188,808 2,633,704 Work in progress ,444,896 1,444,896 1,189,513 2,634,409 Restricted assets: Cash with County (Note 3) ,056 40,056 $ 37,196 $1,444,896 $1,482,092 $1,753,368 $3,235,460 See notes to financial statements -3-

6 Governmental Enterprise Fund Fund Parks & Recreation Water/Sewer Statement LIABILITIES AND FUND General of Net BALANCE/NET ASSETS Fund Adjustments Assets Total Current liabilities: Current portion of longterm debt (Note 6) $ - $ - $ - $ 10,413 $ 10,413 Accounts payable ,495 4,655 Accrued payroll ,311 8,311 Customer deposits ,381 16,381 Connection deposits , ,925 Compensated absences ,687 8,687 Grant prepayments 46,134-46,134-46,134 Total current liabilities 46,294-46, , ,506 Interfund payable 140, , ,130 Long-term debt, net (Note 6) ,607 95,607 Fund balance/net assets Fund balances: Reserved Unreserved ( 149,228) 149,228 - Total fund balances ( 149,228) 149,228 - Total liabilities and fund balances $ 37,196 Net assets (Note 7): Investment in capital assets, net 1,444,896 1,444,896 1,083,493 2,528,389 Restricted ,799 16,799 Unrestricted ( 149,228) ( 149,228) 375, ,029 Total net assets 1,295,668 1,295,668 1,475,549 2,771,217 $1,444,896 $1,482,092 $1,753,368 $3,235,460

7 STATEMENT OF ACTIVITIES for the year ended June 30, 2009 Program Revenues Operating Capital Charges for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Governmental activities: Parks $ 31,016 $ 7,241 $ 37,254 $ - Recreation 254,057 31, ,729 - Total governmental activities 285,073 38, ,983 - Business-type activities: Water 154, , Sewer 300, , Total business-type activities 455, , Total $ 740,351 $ 436,489 $ 174,983 $ - General revenues: Property taxes Interest income Donations Fund raising Other Change in net assets Prior period adjustment Net assets beginning ending See notes to financial statements -4-

8 Net (Expenses) and Changes in Net Assets Governmental Business-type Activities Activities Total $ 13,479 $ 13,479 ( 84,831) ( 84,831) ( 71,352) ( 71,352) 22,473 22,473 ( 80,000) ( 80,000) ( 57,527) ( 57,527) ( 71,352) ( 57,527) ( 128,879) 27,578 15,502 43,080-6,194 6,194 1,357-1,357 11,703-11,703 19,020-19,020 59,658 21,696 81,354 ( 11,694) ( 35,831) ( 47,525) ( 516) - ( 516) 1,307,878 1,511,380 2,819,258 $1,295,668 $1,475,549 $2,771,217

9 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS ENTERPRISE FUND for the year ended June 30, 2009 Water Sewer Total Operating revenues: Residential $ 137,423 $ 170,508 $ 307,931 Commercial 25,430 15,184 40,614 Admin. fees 3,959 5,938 9,897 New connections 5,300 14,800 20,100 New installations 1,250 7,050 8,300 Penalties 2,266 2,088 4,354 Other 1,613 4,942 6,555 Total operating revenues 177, , ,751 Operating expenses: Source of supply 29,159-29,159 Transmission and distribution 52,222-52,222 Administrative and general 62,385 77, ,680 Depreciation 7, , ,433 Collection - 60,058 60,058 Disposal - 33,445 33,445 Sewer treatment - 28,875 28,875 Total operating expenses 151, , ,872 Operating income (loss) 25,879 ( 80,000) ( 54,121) Non-operating revenues (expenses): Property taxes 15,502-15,502 Interest income 3,097 3,097 6,194 Interest expense ( 3,406) - ( 3,406) 15,193 3,097 18,290 Change in net assets (carried forward) 41,072 ( 76,903) ( 35,831) See notes to financial statements -5-

10 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS, continued ENTERPRISE FUND for the year ended June 30, 2009 Water Sewer Total Change in net assets (brought forward) $ 41,072 $( 76,903) $( 35,831) Net assets: Beginning of year 1,511,380 End of year $1,475,549 See notes to financial statements -6-

11 STATEMENT OF CASH FLOWS ENTERPRISE FUND for the year ended June 30, 2009 Cash flows from operating activities: Receipts from customers $ 396,467 Payments to suppliers ( 207,681) Payments to employees ( 135,043) Net cash provided by operating activities 53,743 Cash flows from noncapital financing activities: Property taxes 15,502 Cash flows from capital and related financing activities: Long-term debt principal paid $( 10,107) interest ( 3,406) Collect interfund receivable 81,653 Property additions ( 12,548) 55,592 Cash flows from investing activities: Interest income 6,194 Net increase in cash and cash equivalents 131,031 Cash and cash equivalents: Beginning of year 251,693 End of year $ 382,724 See notes to financial statements -7-

12 STATEMENT OF CASH FLOWS ENTERPRISE FUND, continued for the year ended June 30, 2009 Reconciliation of operating loss to net cash provided by operating activities: Operating loss $( 54,121) Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation expense $108,433 Changes in operating assets and liabilities: Accounts receivable ( 1,284) Inventory 2,740 Prepaids 5,372 Accounts payable including deposits ( 7,397) Total adjustments 107,864 Net cash provided by operating activities $ 53,743 Supplementary information: Cash paid for interest $ 3,406 See notes to financial statements -8-

13 STATEMENT OF CHANGES IN FUND BALANCES GOVERNMENTAL FUND for the year ended June 30, 2009 General Statement of Fund Adjustments Activities Fund balances/net assets: Balance, (deficit) beginning of year, $( 137,082) $1,444,960 $1,307,878 Prior period adjustment - ( 516) ( 516) Excess revenues (expenditures)/changes in net assets: Parks ( 10,037) 35,078 25,041 Recreation ( 2,109) ( 34,626) ( 36,735) Balance, (deficit) end of year $( 149,228) $1,444,896 $1,295,668 See notes to financial statements -9-

14 STATEMENT OF ACTIVITIES AND GOVERNMENTAL FUND REVENUES AND EXPENDITURES PARKS for the year ended June 30, 2009 General Statement Fund Adjustments of Activities Program expenditures/expenses: Park services $ 20,120 $ - $ 20,120 Support services 8,720-8,720 Capital outlay 37,254 ( 37,254) - Depreciation - 2,176 2,176 Total program expenditures/ expenses 66,094 ( 35,078) 31,016 Program revenues: Fees 7,241-7,241 General revenues: Grant income 37,254-37,254 Property taxes 11,562-11,562 Other ,816-48,816 Excess of revenues (expenditures)/ changes in net assets $( 10,037) $ 35,078 $ 25,041 See notes to financial statements -10-

15 STATEMENT OF ACTIVITIES AND GOVERNMENTAL FUND REVENUES AND EXPENDITURES RECREATION for the year ended June 30, 2009 General Statement Fund Adjustments of Activities Program expenditures/expenses: Recreation services $ 213,654 $ - $ 213,654 Support services 5,777-5,777 Capital outlay Depreciation - 34,626 34,626 Total program expenditures/ expenses 219,431 34, ,057 Program revenues: Fees and rentals 31,497-31,497 General revenues: Donations 1,357-1,357 Grant income 137, ,729 Fund raising 11,703-11,703 Property taxes 16,016-16,016 Other 19,020-19, , ,825 Excess of revenues (expenditures)/ changes in net assets $( 2,109) $( 34,626) $( 36,735) See notes to financial statements -11-

16 STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL PARKS for the year ended June 30, 2009 Favorable/ (Unfavorable) Budget Actual Variance Revenues: Fees $ 18,707 $ 7,241 $( 11,466) Grant income - 37,254 37,254 Property taxes 9,000 11,562 2,562 Other 92 - ( 92) 27,799 56,057 28,258 Expenditures: Grant expenditures - 37,254 ( 37,254) Salaries 16,257 14,486 1,771 Payroll taxes ( 615) Comp. insurance ( 840) Benefits Alarm monitoring Audit/CPA service Banking expenses - 33 ( 33) Board expenses ( 242) Conferences & seminars Contract services Equipment Garbage 1,143-1,143 Improvements Insurance ( 383) Legal Maintenance and repair 1,500 4,836 ( 3,336) Property tax Marketing Other Office supplies 372 2,609 ( 2,237) Operating supplies 1,000-1,000 Postage - 2 ( 2) Allocation G & A expense 1,978-1,978 (continued) See notes to financial statements -12-

17 STATEMENT OF REVENUES AND EXPENDITURES, continued BUDGET AND ACTUAL PARKS for the year ended June 30, 2009 Favorable/ (Unfavorable) Budget Actual Variance Expenditures (continued): Printing $ - $ - $ - Professional services - 1,041 ( 1,041) Safety equipment - 43 ( 43) Telephone and communication Utilities 4,249 3, Vehicle operation Debt repayment Travel and training - 60 ( 60) Small tools Licenses and dues - 87 ( 87) Interest Stipends Fundraising ( 100) 27,519 66,094 ( 38,575) Excess of revenues (expenditures) $ 280 $( 10,037) $( 10,317) See notes to financial statements -13-

18 STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL RECREATION for the year ended June 30, 2009 Favorable/ (Unfavorable) Budget Actual Variance Revenues: Community Center $ 46,155 $ 31,497 $( 14,658) Donations 3,000 1,357 ( 1,643) Grant income 198, ,729 ( 60,439) Fundraising - 11,703 11,703 Property taxes 12,173 16,016 3,843 Other 3,946 19,020 15, , ,322 ( 46,120) Expenditures: Community Center - 44,116 ( 44,116) Grant expenditures - 155,750 (155,750) Salaries 116,772 5, ,015 Payroll taxes ( 261) Comp. insurance Benefits Advertising Alarm monitoring Audit/CPA service Banking expenses Board expenses Conferences & seminars Contract services 35,426-35,426 Equipment 1,811-1,811 Events & activities 3,380-3,380 Stipends 1,345-1,345 Mileage Fundraising Food & supplies 6,285-6,285 Garbage 1,020-1,020 Improvements Insurance Legal Allocation G & A expense 9,892-9,892 (continued) See notes to financial statements -14-

19 STATEMENT OF REVENUES AND EXPENDITURES, continued BUDGET AND ACTUAL RECREATION for the year ended June 30, 2009 Favorable/ (Unfavorable) Budget Actual Variance Expenditures (continued): Licenses and dues $ - $ 20 $( 20) Maintenance and repair 2,662 1,585 1,077 Property tax Marketing Other Office supplies 2,235-2,235 Operating supplies 2,552-2,552 Postage Professional services Rent 25,500 5,100 20,400 Repairs & maintenance Safety equipment 1,080-1,080 Small tools Telephone and communication 3,895-3,895 Travel and training 6, ,741 Utilities 17,389 1,510 15,879 Vehicle operation Debt repayment 12,407-12,407 Printing Fundraising - 5,051 ( 5,051) 250, ,431 31,075 Excess of revenues (expenditures) $ 12,936 $( 2,109) $( 15,045) See notes to financial statements -15-

20 NOTES TO FINANCIAL STATEMENTS 1. Organization: Manila Community Services District (the District ) was formed as a political subdivision of the state of California on July 20 th, The District provides water, wastewater, parks and recreation services to the residents within its boundaries. The District is governed by an independently elected Board of Directors. 2. Summary of Significant Accounting Policies: The accounting policies of the Manila Community Services District conform to generally accepted accounting principles applicable to enterprise funds. The District applies all relevant Governmental Accounting Standards Board (GASB) pronouncements. Proprietary funds apply Financial Accounting Standards Board (FASB) pronouncements and Accounting Principles Board (APB) opinions issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements, in which case, GASB prevails. Fund Accounting The accounts of the District are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled. The two funds in these financial statements are grouped as follows: Enterprise Fund The Enterprise Fund is used to account for water and sewer operations that are financed and operated in a manner similar to private business enterprises. The intent of the District is that the costs (expenses, including depreciation) of providing goods and services to the general public on a continuing basis be financed or recovered primarily through user charges. -16-

21 NOTES TO FINANCIAL STATEMENTS, continued 2. Summary of Significant Accounting Policies, continued: Governmental Fund The governmental fund is used to account for all financial resources of the parks and recreation department. This fund is also used to establish accounting control and accountability for fixed assets of the aforementioned activity. Fixed Assets Fixed assets are stated at cost or estimated historical cost. Depreciation of those assets is computed by the use of the straight-line method over the estimated useful lives. Maintenance, repairs and renewals of a minor nature are charged to expense as incurred. Major repairs or renewals and betterments which extend the useful life are capitalized. Upon sale or retirement, cost and accumulated depreciation are eliminated from the accounts and any gain or loss on disposal is included in the statement of income and changes in retained earnings. Basis of Accounting The basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All government funds are accounted for using the current financial resources measurement focus. Under this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) as changes in net current assets. Governmental funds are maintained on the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized in the accounting period they become measurable and available. The District considers revenues as available if they are collectible in the current period or soon enough thereafter to be used to pay liabilities of the current period. Revenues considered susceptible to accrual include property taxes, interest and certain other intergovernmental revenues. Expenditures are recognized in the accounting period in which the liability is incurred. -17-

22 NOTES TO FINANCIAL STATEMENTS, continued 2. Summary of Significant Accounting Policies, continued: Basis of Accounting, continued Proprietary funds are maintained on the accrual basis of accounting wherein revenues are recognized in the period earned and expenses are recognized in the period incurred. Under this measurement focus, all assets and all liabilities associated with the operation of these funds are included on the balance sheet. Fund equity (i.e., net total assets) is segregated into retained earnings components. Proprietary fund-type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) as changes in net total assets. Statement of Cash Flows All highly liquid investments with a maturity of three months or less when purchased, are considered to be cash equivalents. Investments Investments consist of deposits with LAIF (State of California pooled investment fund). Such investment is within the State statutes and the District s investment policy. Inventory Inventory has been valued at the lower of cost (first-in, first-out) or market. Budget and Budgetary Accounting The Board of Directors annually adopts an operating budget. The operating budgets are prepared on the accrual basis. Compensated Absences Vested or accumulated vacation leave and accrued comp time that is expected to be liquidated with expendable available financial resources is reported as a current liability of the fund that will pay it; and as an offsetting expenditure of the governmental fund or expense of the proprietary fund. Sick pay is not vested. -18-

23 NOTES TO FINANCIAL STATEMENTS, continued 2. Summary of Significant Accounting Policies, continued: Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. In January, 1996 wastewater treatment facility with a cost of $2,768,349 was assigned a useful life of 20 years for purposes of calculating depreciation. In it was determined that this asset should have had a useful life of 50 years and therefore the sewer depreciation provision has been reduced accordingly. 3. Cash and Investments: At year-end the carrying amount of the District's deposits in the bank was $93,587 and the bank balance was $103,770. The bank balance was covered by Federal depository insurance and collateral held in the pledging bank s trust department as mandated by state law. Balance, June 30, 2009 Imprest cash $ 350 Cash in bank checking (2) 93,587 Cash with County (3) 84,385 LAIF 205,402 $ 383,724 Allocation: Unrestricted $ 343,668 Restricted: County debt service $ 13,973 CIP reserves 26,083 40,056 $383,

24 NOTES TO FINANCIAL STATEMENTS, continued 4. Capital Assets: Changes in enterprise capital assets for the year ended June 30, 2009 are as follows: Balance Balance Additions Disposals Water utility: Land $ 3,646 $ - $ - $ 3,646 Right of ways 5, ,546 Pumping plant 22, ,217 Treatment plant 3, ,174 Transmission and distribution 229,082 5, ,933 General plant 74, ,389 Tools and equipment 35, , ,507 5, ,358 Sewer utility: Land 77, ,393 Tools and equipment 94, ,313 Leach fields 2,768, ,768,349 Mains and laterals 627, ,887 Pumping station 1,067, ,067,741 Pumps 364, ,490 Instrument system 99, ,161 Tanks 433,507 5, ,499 Buildings 85, ,006 Pipes and fittings ,618,748 5,992-5,624,740 $5,992,255 $ 11,843 $ - $6,004,

25 NOTES TO FINANCIAL STATEMENTS, continued 5. Other Capital Assets: The following is a summary of changes in Governmental capital assets during the year: Balance Balance Additions Disposals Parks $ 117,963 $ 37,254 $ - $ 155,217 Community Center 1,668, ,668,183 Recreation $1,786,662 $ 37,254 $ - $1,823, Long-term Debt: Long-term debt activity for the year ended June 30, 2009 is as follows: Balance Balance Current Additions Payments Portion Davis/Grunsky $ 107,820 $ - $ 9,276 $ 98,544 $ 9,582 Deferred interest 8, , $ 116,127 $ - $ 10,107 $ 106,020 $ 10,413 Davis/Grunsky Loan construction of the water system was financed in part by a $305,210 loan from the State of California under the Davis/Grunsky Act. Interest at 3.3% per annum is payable semiannually, but was deferred for the first ten years. Principal payments were also deferred for ten years. Deferred interest and principal are payable annually on January

26 NOTES TO FINANCIAL STATEMENTS, continued 6. Long-term Debt, continued: The following schedule summarizes the debt service requirements to maturity for the notes outstanding as of June 30, 2009, in the aggregate: Fiscal Years Interest Principal Total 2010 $ 3,252 $ 10,413 $ 13, ,609 10,729 13, ,272 11,056 13, ,096 11,393 13, ,745 11,742 13, ,053 50,687 52,740 $ 14,027 $ 106,020 $ 120, Net Assets: Net assets at June 30, 2009 is analyzed as follows: Governmental Fund Enterprise Fund Invested in capital assets, net of related debt $1,444,896 $1,083,493 Restricted: Debt service reserve - 13,973 Capital connection fees - 2,826 Unrestricted: Designated by Board (CIP) - 26,083 Undesignated ( 149,228) 349,174 Total net assets $1,295,668 $1,475,

27 NOTES TO FINANCIAL STATEMENTS, continued 8. Risk of Loss: The District is exposed to various risks of loss related to theft of, damage to, and destruction of assets; and injuries to employees. During the 2009 fiscal year, the District purchased certain commercial insurance coverages to provide for these risks. -23-

28 SUPPLEMENTAL DATA

29 PRINCIPAL OFFICIALS Board of Directors: Danny Ihara Joy Dellas Michael Fennell Shelley Lima Charles McDaniels Chair Vice Chair Financial Officer Secretary Safety Officer Operations: Christopher Drop Norma McClary Carl Mulalley General Manager Administrative Assistant Public Works Supervisor -25-

30 GRANTS AND PROJECTS PARKS for the year ended June 30, 2009 Revenue: Revenue replacement grant $ 37,254 Expenditures: Equipment $ 34,766 Supplies 1,708 Wages and taxes ,254 Excess revenues (expenditures) $

31 GRANTS AND PROJECTS RECREATION for the year ended June 30, 2009 Summer Food Park Teen Program Restoration First Service Network Revenues $ 27,304 $ 13,530 $ 8,912 $ 28,575 Expenditures: Staff 16,135 17,816 2,001 13,307 Taxes 1,698 1, ,238 Contract services 11, Professional - - 3,950 - Administrative Food and supplies 5, ,043 Mileage 2, Travel Gas and electricity Other ,664 2,701 Rent ,400 Events Stipends ,025 Telephone Internet Programs Total expenditures 38,930 19,649 8,912 28,575 Excess of revenues (expenditures) $( 11,626) $( 6,119) $ - $

32 Teen Teen Program Fundraising- Teen DHHS CalWorks Grants Teenship Holiday Total $ 35,362 $ 9,092 $ 5,500 $ 7,954 $ 1,500 $ 137,729 15,450 4, ,262 1, , , , , ,557 1,500 14, , ,467 4,516 1, ,803 8,200 2,300-3,500-20, ,555-2, , , , , ,500 35,362 9,092 5,500 8,230 1, ,750 $ - $ - $ - $( 276) $ - $( 18,021)

33 COMMUNITY CENTER RECREATION REVENUES AND EXPENDITURES for the year ended June 30, 2009 Revenues: Rentals tenants $ 27,800 room and pavillion 50 main hall and parking 2,750 Donations 250 Fundraising 647 Total revenues 31,497 Expenditures: Payroll $ 15,300 Administration 5,347 Operating and maintenance 4,554 Accounting and legal 4,537 Travel and training 245 Utilities 13,490 Fundraising 643 Total expenditures 44,116 Excess of revenues (expenditures) $( 12,619) -28-