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2 <br />Once the Board has discussed and is comfortable with these guidelines, the document <br />would be brought back for action <br />FINANCIAL IMPACT: This policy and guidelines would govern the types of expenditures <br />made from the Soccer Superfund, at the Board's discretion. There is no provision that <br />requires funds to be appropriated as such decisions would be up to the legislative decision- <br />making of the Board. <br />The Soccer Superfund had $500,~J00 appropriated in FY 2002-03. According to the 2002 <br />Bond and Alternative Financing Timetable, $600,000 was to be appropriated in the current <br />FY 2003-04 fiscal year, with a like amount in FY 2004-05. The proposed FY 2005-06 <br />allotment is $300,000. <br />RECOMMENDATION(S): The Manager recommends that the Board review and discuss the <br />draft document, providing feedback and input to staff as desired. The document would be <br />brought back for action at a subsequent meeting. <br />