|
Parks & Recreation Fund
<br />The table below shows a five-year comparison of funding sources, uses, and changes in fund balance for
<br />the Parks & Recreation Fund.
<br />20122013201420152016
<br />Funding Sources
<br />Actual
<br />ActualActualBudgetBudget
<br />Property Taxes$1,983,471$2,011,660$1,978,856$2,250,350$2,466,815
<br />Charges for Services1,786,7031,717,6481,771,6332,018,6702,070,595
<br />Rentals57,97454,71359,625--
<br />Donations76,128121,082119,900-10,500
<br />Interest Earnings8,986(36,655)52,7693,3003,300
<br />Other Revenue53,477128,25174,55011,000500
<br />Total Sources3,966,7393,996,6994,057,3334,283,3204,551,710
<br />Funding Uses
<br />Personnel2,386,7572,430,5682,608,1892,758,2952,937,360
<br />Supplies & Materials285,456284,571305,730316,340332,865
<br />Other Services & Charges1,008,2271,059,4551,120,7421,205,6851,278,485
<br />Capital Outlay7,67433,48134,8223,0003,000
<br />Total Uses3,688,1143,808,0754,069,4834,283,3204,551,710
<br />Other Sources (Uses)
<br />Transfer In (Out)-----
<br />Other-----
<br />Total Other Sources (Uses)-----
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses278,625188,624(12,150)--
<br />Fund Balance - Jan 1st643,912922,5371,111,1611,099,0111,099,011
<br />Fund Balance - Dec 31st$922,537$1,111,161$1,099,011$1,099,011$1,099,011
<br />Discussion Items
<br />From 2012-2016, the City’s Parks & Recreation Fund realized a steady increase in revenues at
<br />approximately 4% annually. This was somewhatdue to a significant increase in the portion of the property
<br />tax dedicated for parks and recreation activities. User charges have increased at approximately 4% per
<br />year keeping pace with inflation and activity levels.
<br />During this same period, operating expenses increased at approximately 6% annually, leaving the Fund
<br />balance relativelystrong during the past few years.
<br />It is expected that future revenues and expenditures will increase at a level commensurate with program
<br />activity levels.
<br />23
<br />
<br />
|