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<br />Svlvan Beach Fund
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />For the Sixth Month Ended March 31, 2008 with Comparative Data for the Prior Year
<br />50%) of Year Lapsed
<br />
<br /> Current Year Prior Year
<br /> Actual Percent of Actual Percent of
<br /> Budget Year to Date Variance Budget Year to Date Budget
<br />Operating Revenues:
<br />User fees $ 173,380 $ 81,506 $ (91,874) 47.01% $ 94,828 54.83%
<br />Operating expenses:
<br />Personal services 156,781 79,928 76,853 50.98% 73,061 51.30%
<br />Supplies 5,700 1,212 4,488 21.26% 2,414 42.35%
<br />Other services and charges 111,922 16,214 95,708 14.49% 18,365 30.53%
<br />Total operating expenses 274,403 97,354 177,049 35.48% 93,840 45.06%
<br />Operating income (101,023) (15,848) 85,175 988
<br />Nonoperating revenues (expenses):
<br />Interest income 11,900 6,166 (5,734) 51.82% 6,523 62.69%
<br />Income before contributions and transfers (89,123) (9,682) 79,441 7,511
<br />Transfers in 68,914 36,414 (32,500) 52.84% 16,037 56.20%
<br />Transfers out (3,669) (1,835) 1,834 50.01% (1,819) 50.00%
<br />Change in net assets (23,878) 24,897 48,775 21 ,729
<br />Net assets - beginning of the year 254,457 254,457 263,765
<br />Net assets - end of the year $ 230,579 $ 279,354 $ 48,775 $ 285,494
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