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years down the road. <br /> • Model 9 is intended to increase the fund balance of the Park Fund <br /> by approximately $25 , 000 each year. This model requires <br /> substantially larger transfers from the General Fund compared to <br /> the two previous models; however, the fund balance at the end of <br /> year 35 is almost twice the size of model 8 and more than three <br /> times the size of model 7 . <br /> The General Fund would need to transfer money into the Park Fund <br /> beginning with year 2 . The transfer in will gradually increase <br /> until year 6 when the transfer begins to decrease. Ifi year 28 of <br /> the model, the general fund transfer is no longer needed because <br /> again the interest income is increasing due to the compounding of <br /> interest as the fund balance grows . Once the general fund <br /> transfers have stopped, the interest income continues to increase <br /> each year on its own. In years 28-35 of model 9 , the interest <br /> income grows at approximately $2 , 000 more than the previous year ' s <br /> amount. <br /> This model would allow for significantly more expenditures towards <br /> the development of the City ' s current parks or for development of <br /> new parks within the City. This model, over time, could become <br /> self-sustaining. <br /> • If you have any questions on any of these models, I am available at <br /> any time to answer your questions. <br /> TJWS :mah <br /> ti <br /> attachments <br /> cc: Gary R. Berger, City Administrator <br /> • <br />