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PARR FUND INCOME <br /> • Park Dedication Receipts <br /> Park dedication fees have been the major source of revenue for <br /> the Park Fund for the past 15 years. The City is near full <br /> development; therefore, this income will run out in five years. <br /> Future dedication income: <br /> 1991-$32 , 236 1992-$23 , 400 1993-$6 , 800 <br /> 1994-$ 5, 150 1995-$ 825 <br /> Interest Income <br /> Park Fund Balance is the driving force for determining the <br /> growth of Future Fund balance and growth in interest earnings. <br /> Model 8 programs the Fund Balance to grow $10, 000 annually. <br /> Model 9 programs the Fund Balance to grow by $25, 000 annually. <br /> Contributions/Gifts <br /> Over $1501000 in charitable gambling proceeds have been paid <br /> into the Park Fund over the past five years. A change in method <br /> of collection has reduced current income. The Light Brigade is <br /> • presently contributing $1, 000 per month to the Park Fund. <br /> General Fund Transfer <br /> The amount of money transferred annually from the General Fund <br /> will be determined by: <br /> - money received from other resources (interest, park <br /> dedications, contributions) . <br /> - the desired rate of Park Fund growth over the next 5, 10, 25 <br /> years. <br /> - The level of expenditures needed for yearly park development <br /> and improvement. <br /> Park Development/Improvement Expenses <br /> The 5 year Park Improvement Plan Proposal (Exhibit B) : <br /> 1992 - $50, 323 1993 - $55, 000 <br /> 1994 - $58 , 792 1995 - $55, 000 <br /> If annual expenses are kept under $60, 000, the Park Fund balance <br /> will increase steadily over the next 25 years. As the Fund <br /> • balance grows, interest income will also grow, therefore, <br /> decreasing the yearly transfers. <br />