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Roseville Finance Commission
<br />Agenda Item
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<br />Page 5 of 8
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<br /> Table D: Parks & Recreation Fund
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<br />2011 2012 2013 2014 2015
<br />F unding Sources Actual Actual Actual Actual Actual
<br />Property Taxes 1,776,498$ 1,983,471$ 2,011,660$ 1,978,856$ 2,136,995$
<br />Charges for Services 1,773,767 1,786,703 1,717,648 1,771,633 1,908,640
<br />Rentals 56,888 57,974 54,713 59,625 52,796
<br />Donations 36,476 76,128 121,082 119,900 166,416
<br />Interest Earnings 11,351 8,986 (36,655) 52,769 17,535
<br />Other Revenue 75,655 53,477 128,251 74,550 54,002
<br />Total Sources 3,730,635 3,966,739 3,996,699 4,057,333 4,336,384
<br />Funding Uses
<br />Personnel 2,339,522 2,386,757 2,430,568 2,608,189 2,664,519
<br />Supplies & Materials 275,172 285,456 284,571 305,730 297,316
<br />Other Services & Charges 998,291 1,008,227 1,059,455 1,120,742 1,179,001
<br />Capital Outlay 9,869 7,674 33,481 34,822 9,698
<br />Total Uses 3,622,854 3,688,114 3,808,075 4,069,483 4,150,534
<br />Other Sources (Uses)
<br />Transfer In (Out)(52,200) - - - -
<br />Other - - - - -
<br />Total Other Sources (Uses)(52,200) - - - -
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses 55,581 278,625 188,624 (12,150) 185,850
<br />Fund Balance - Jan 1st 588,331 643,912 922,537 1,111,161 1,099,011
<br />Fund Balance - Dec 31st 643,912$ 922,537$ 1,111,161$ 1,099,011$ 1,284,861$
<br />The Parks & Recreation Fund accounts for most activities associated with recreation programs, Skating
<br />Center, Nature Center, Park Buildings, and other amenities. It also includes the activities associated with
<br />maintaining active-use areas such as playgrounds and athletic fields, as well as open spaces and other
<br />passive-use areas. Cedarholm Golf Course is included in Enterprise category discussed earlier.
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<br />Over the past five years, Parks & Recreation revenues and expenditures have both grown at
<br />approximately 4%. Like the General Fund, property taxes provide the single largest source of funding
<br />(49%) followed by recreation program fees (44%).
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<br />Overall financial activity has remained fairly steady resulting in an increase in fund balance of 100%
<br />since 2011. Currently, the Parks & Recreation Fund has a cash reserve level of 28%.
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<br />Item #6: Attachment A
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