Fiscal Year 2011-2012 Adopted Budget - County of Sonoma

Beginning Fund Balance
PROJECTED FUND BALANCE
FAIRGROUNDS
Tawny Tesconi, Fair Manager
2010 2011 2012 2013 2014
Actual Projected Projected Projected Projected
4,172,840 3,685,598 3,227,238 2,881,923 2,578,627
Total Operating Revenue 9,081,358 9,495,700 9,550,000 9,600,000 9,700,000
Total Operating Expense (9,167,644) (9,495,600) (9,500,000) (9,500,000) (9,500,000)
Net Gain (Loss) (86,286) 100 50,000 100,000 200,000
Less Debt Service - Turf Track (principle only) (151,522) (155,462) (159,505) (163,653) (167,947) *
Less Debt Service - Photovoltaic (principle only) (178,879) (182,228) (185,810) (189,643) (193,741)
Less Capital Projects and Equipment (389,786) (1,002,780) (50,000) (50,000) (50,000)
Capital Contributions from Outside Sources
319,231 882,010
Ending Fund Balance
3,685,598 3,227,238 2,881,923 2,578,627 2,366,939
*The final payment for the Turf Track loan is scheduled for November 2014. Assuming a net operating gain of $200,000 going forward, the
ending fund balance for 2015 is projected at $2,323,200.
Services Eliminated or Reduced
• In an effort to increase revenue support of operations and reduce use of reserves, a new rental pricing structure has been implemented
that provides cost recovery through increased rental rates and a reduction in complimentary or discounted use of the grounds.
Strategic Plan Focus
• Continued effort toward increasing the non-fair use of the fairgrounds through outside promoters or department-produced public
events to maximize revenues will be used for capital improvements that will enhance the quality of our facility and reduce our carbon
footprint which aligns with the county’s strategic plan focus area of Economic and Environmental Stewardship.
• The Annual Fair provides youth with an opportunity to showcase their particular interests in raising livestock or displaying their
artistic talents and interests, investing in the future of the youth living, growing and learning in Sonoma County.
DEPARTMENT HEAD CONCURRENCE OR COMMENT
The Sonoma County Board of Supervisors approved the fair budget for calendar year 2011 on December 14, 2010.
BOARD OF SUPERVISORS’ ACTIONS
Adopted as recommended.
County of Sonoma
FY 2011-2012 Adopted Budget
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Other County Services