Quarterly Financial Report
Fourth Quarter of FY 2020-2021
Softball Complex Fund Current Financial Condition
Softball Complex Fund accounts for all transaction generated by rental of the City’s Adult Softball and Youth Sports Complex concession stands.
The Softball Complex Fund fourth quarter financial report reflects an ending undesignated fund balance of $1K, which represents approximately 1 month of the Softball Complex Fund 2021 budgeted operating expenditures ($0K in excess reserve – above the 1-month minimum fund balance reserve policy). The projected ending fund balance is in line with the amended year-end fund balance of $1K.
At the end of the fourth quarter, revenues equal expenses.
Revenues vs Expenses
- Revenues and expenses are in line with the FY 2021 budget.
Budget Amendments
As of the fourth quarter of FY 2020-21, the Softball Complex Fund Budget has not been amended.