Park District: Mid-year Budget Balanced

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At a special workshop last Wednesday, the Board of Directors for the Livermore Area Recreation and Park District reviewed the mid-year budget for 2011-2012.

The Operating Budget is balanced with a few changes, and the bottom line remains the same as originally approved. The District is shifting more funds to water parks than anticipated because of a dry winter season, however any increased expenses are balanced by reductions in other areas.

Directors approved adjustments to the Capital Improvement Plan Budget based on timing of upcoming projects. Anticipated construction of converting two sports fields at Robertson Park into artificial turf fields is planned for summer.

Property tax revenue appears to be stabilized compared to previous years, and this spring will be LARPD’s last year for an annual $363,000 debt service payment for past construction of the Maintenance Service Center – a joint effort with the City of Livermore. Also at the meeting, the Board approved the 2012-2013 calendar and budget process.