09-06-2018 Parks & Rec Packet - Laserfiche WebLink

Home Browse Search

STAFF REPORT TO: Parks & Recreation Commission FROM: Bryce Shearen, Parks & Recreation/Community Services Manager DATE: August 31, 2018 RE: 2018 Capital Improvements Priorities The 2019 preliminary Capital budget discussions will be happening over the next couple of weeks. Over the past couple of years, the Parks & Recreation Commission has been more involved in giving input and prioritizing projects. Enclosed are pertinent sections of the 2018 budget to aid in the process. The budget sections are as follows: • General Capital Improvement Fund (#400) This is a key capital Fund that addresses many aspects of the City’s operations. Park maintenance is under the Public Works Category. Park Development projects are listed under Parks & Recreation by the facility. • Special Fund (#201) In this fund, we account for specific program revenues & expenses. • 10% Gambling fund (#450) This money comes from the 10% city tax on the net profits of charitable gaming operations conducted within the City. There are statutory restrictions on the use of these funds. The one that addresses Parks & Recreation reads as follows: Contributions for recreational, community, and athletic facilities and activities intended primarily for persons under age 21, provided that such facilities and activities do not discriminate on the basis of gender, and the organization complies with other statutory requirements. For simplicity, the project(s) that are funded by the 10% Fund are shown on the General Capital Improvement Fund (#400) spreadsheet. • Park Land Acquisition Fund (#456) This money comes from Park Dedication fees associated with new development typically collected at the time of payment for a building permit. The City has self-imposed a limitation that this is used to help defray the costs of parkland acquisitions including easements for trails. There has been some discussion in the past of repurposing these funds for Park Development uses.