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SUBJECT: PARKS FUND — LONG-TERM FORECAST STRUCTURAL ISSUE <br />DATE: JUNE 11, 2025 <br />Chart 1: Parks Fund — Long -Term Financial Forecast <br />PAGE 3 OF 5 <br />4,500,000 <br />4,000,000 <br />3,500,000 <br />3,000,000 <br />2,500,000 <br />2,000,000 <br />1,500,000 <br />1,000,000 <br />500,000 <br />Parks Fund <br />2023 2024 2025 2026 2027 2028 2029 2030 <br />— Revenue Fund Balance — Expenditures Capital Expenses ®Minimum <br />DEPARTMENT DISCUSSION: <br />Adam Blackmore, Director of Parks, Recreation, Open Space and Golf. <br />Lack of Dedicated Source for Capital Investment <br />This forecast shows no capital investment from Fund 211 (Parks Fund) after 2025. These <br />expenses for 2026 are primarily incurred by the Capital Projects Fund & Conservation <br />Trust Fund. The Capital Projects Fund is used for a litany of departments and projects. <br />Requests for Parks maintenance, projects or expansion from this fund (and the demands <br />on it from the entire City) will be a challenge moving forward. They will be dependent upon <br />Council & City Manager priorities instead of being able to utilize a dedicated funding <br />source as was the case before the formalized 50/50 funding split created by the passing <br />of the 2C ballot measure in 2023. <br />Additionally, the Conservation Trust Fund is an annual State -allocated revenue source <br />used primarily for capital projects. However, it is split between all of the PROS Divisions <br />and typically does not provide enough funding to do multiple projects of substance. <br />FINANCE COMMITTEE COMMUNICATION <br />