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CITY OF LITTLE CANADA - PARK SYSTEM MASTER PLAN59 <br />Funding Recommendations <br />To implement the vision and recommendations set forth in this plan <br />the City will need to apply additional investments towards parks and <br />recreation. The following recommendations outline strategies to fund <br />additional investments. <br />1. Fund the goals set forth in the Park System Plan <br />1.1Identify and communicate funding needs on a regular basis <br />1.1.1Digitize the asset management program to ensure <br />continuity of information and ease of reporting <br />1.1.2Understand and consider ongoing, operational, and life- <br />cycle costs when making capital investment decisions <br />1.1.3Develop cost recovery guidelines for programs, rentals, <br />and other services that help inform future decisions <br />about offerings <br />1.2Seek additional and diverse funding sources <br />1.2.1Explore state bonding opportunities to support larger, <br />regional infrastructure improvements such as pedestrian <br />crossings over I35E <br />1.2.2Continue the strategic pursuit of grants <br />1.2.3Consider potential sponsorship opportunities, including <br />local, regional, and corporate sponsors <br />1.2.4Explore potential funding opportunities that may arise <br />from collaborations with public health, public art, <br />programming and sustainability initiatives <br />1.2.5Continue to nurture relationships with schools, nonprofits, <br />athletic associations, etc <br />1.2.6Explore the expansion of Parks and Recreation’s share of <br />the general fund if needed <br />1.2.7Consider a local bond referendum to pay for larger <br />capital improvements if needed <br />1.3Optimize the use of volunteers to supplement the system