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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 />20132014201520162017
<br />Funding Sources
<br />Actual
<br />ActualActualBudgetBudget
<br />Property Taxes$2,011,660$1,978,856$2,136,995$2,466,815$2,537,670
<br />Charges for Services1,717,6481,771,6331,908,6402,070,5952,119,970
<br />Rentals54,71359,62552,796--
<br />Donations121,082119,900166,41610,500-
<br />Interest Earnings(36,655)52,76917,5353,30010,300
<br />Other Revenue128,25174,55054,002500225
<br />Total Sources3,996,6994,057,3334,336,3844,551,7104,668,165
<br />Funding Uses
<br />Personnel2,430,5682,608,1892,664,5192,937,3602,996,410
<br />Supplies & Materials284,571305,730297,316332,865325,855
<br />Other Services & Charges1,059,4551,120,7421,179,0011,278,4851,345,900
<br />Capital Outlay33,48134,8229,6983,000-
<br />Total Uses3,808,0754,069,4834,150,5344,551,7104,668,165
<br />Other Sources (Uses)
<br />Transfer In (Out)-----
<br />Other-----
<br />Total Other Sources (Uses)-----
<br />Excess of Funding Sources
<br /> Over (Under) Funding Uses188,624(12,150)185,850--
<br />Fund Balance - Jan 1st922,5371,111,1611,099,0111,284,8611,284,861
<br />Fund Balance - Dec 31st$1,111,161$1,099,011$1,284,861$1,284,861$1,284,861
<br />Discussion Items
<br />From 2013-2017, 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 6% 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.
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