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•MPRB is funded through a variety of sources: <br />•Property taxes in Minneapolis (18.5% of taxes collected) <br />•State and regional funds: bonding, lottery, and Legacy amendment Park dedication fees <br />•Outside grants and donations <br />•20-Year Neighborhood Parks Plan (NPP20) agreement with City <br />•Annual budgeting process looks at general operating AND capital expenditures (physical park <br />improvements) <br />Detailed financial information is at www.minneapolisparks.org (search for “budget”) <br />MPRB Funding <br />9 <br />What you should know about <br />10 <br />Context + Purpose <br />•Neighborhood equity metrics determine when improvements are made <br />in neighborhood parks…. <br />•Service Area Master Plans determine what improvements are made in <br />neighborhood parks…. <br />Both must be driven by equity