|
Roseville Finance Commission
<br />Agenda Item
<br />
<br />Page 5 of 8
<br />
<br /> Table D: Parks & Recreation Fund
<br />
<br />2012 2013 2014 2015 2016
<br />Funding Sources Actual Actual Actual Actual Actual
<br />Property Taxes 1,983,471$ 2,011,660$ 1,978,856$ 2,136,995$ 2,438,555$
<br />Charges for Services 1,786,703 1,717,648 1,771,633 1,908,640 2,033,709
<br />Rentals 57,974 54,713 59,625 52,796 59,250
<br />Donations 76,128 121,082 119,900 166,416 100,317
<br />Interest Earnings 8,986 (36,655) 52,769 17,535 (3,727)
<br />Other Revenue 53,477 128,251 74,550 54,002 43,422
<br />Total Sources 3,966,739 3,996,699 4,057,333 4,336,384 4,671,526
<br />Funding Uses
<br />Personnel 2,386,757 2,430,568 2,608,189 2,664,519 2,815,370
<br />Supplies & Materials 285,456 284,571 305,730 297,316 282,377
<br />Other Services & Charges 1,008,227 1,059,455 1,120,742 1,179,001 1,220,905
<br />Capital Outlay 7,674 33,481 34,822 9,698 -
<br />Total Uses 3,688,114 3,808,075 4,069,483 4,150,534 4,318,652
<br />Other Sources (Uses)
<br />Transfer In (Out)- - - - -
<br />Other - - - - -
<br />Total Other Sources (Uses)- - - - -
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses 278,625 188,624 (12,150) 185,850 352,874
<br />Fund Balance - Jan 1st 643,912 922,537 1,111,161 1,099,011 1,284,861
<br />Fund Balance - Dec 31st 922,537$ 1,111,161$ 1,099,011$ 1,284,861$ 1,637,735$
<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.
<br />
<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 />(52%) followed by recreation program fees (44%).
<br />
<br />Overall financial activity has remained fairly steady resulting in an increase in fund balance of 78% since
<br />2012. Currently, the Parks & Recreation Fund has a cash reserve level of 35% including unspent
<br />donations.
<br />
|