Quarterly Financial Report

First Quarter of FY 2021-2022

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 first 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 first quarter, revenues equal expenses.

Victoria Youth Softball Complex

Revenues vs Expenses

  • Revenues and expenses are in line with the FY 2021 budget.

  • Revenues and expenses are in line with the FY 2022 budget through the first quarter.

Softball Complex

Budget Amendments

As of the first quarter of FY 2021-22, the Softball Complex Fund Budget has not been amended.