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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 />20142015201620172018
<br />Funding Sources
<br />ActualActualActualBudgetBudget
<br />Property Taxes$1,978,856$2,136,995$2,438,555$2,537,670$2,624,270
<br />Charges for Services1,771,6331,908,6402,033,7092,119,9702,146,230
<br />Rentals59,62552,79659,250--
<br />Donations119,900166,416100,317--
<br />Interest Earnings52,76917,535(3,727)10,30010,525
<br />Other Revenue74,55054,00243,422225-
<br />Total Sources4,057,3334,336,3844,671,5264,668,1654,781,025
<br />Funding Uses
<br />Personnel2,608,1892,664,5192,815,3702,996,4103,083,070
<br />Supplies & Materials305,730297,316282,377325,855317,940
<br />Other Services & Charges1,120,7421,179,0011,220,9051,345,9001,380,015
<br />Capital Outlay34,8229,698---
<br />Total Uses4,069,4834,150,5344,318,6524,668,1654,781,025
<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(12,150)185,850352,874--
<br />Fund Balance - Jan 1st1,111,1611,099,0111,284,8611,637,7351,637,735
<br />Fund Balance - Dec 31st$1,099,011$1,284,861$1,637,735$1,637,735$1,637,735
<br />Discussion Items
<br />From 2014-2018, 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 5% per
<br />year keeping pace with inflation and activity levels.
<br />During this same period, operating expenses increased at approximately 4% 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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