City Council Agenda and Packet 2014 10 14 SP

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4,000, 000 8,000, 000 7.000, 000 6.000, 000 5,000,000 4.000, 000 3,000, 000 2,000, 000 1.000,000 Open Space & Parrs Fund Forecast Norlrt'Wes1' Park way JGA Grant& land Acquisition ItorthwestReolquey IGA Grant Presented 10/7/14 includes City Services Facility, Flood FeCcir[5nCliPri Projects, S. First Baptist CFI urn rrrperty ACciuJiytion r �ReUrriue. •■.∎•∎•- Expreridil eei Fund 9a4on•Ge Start Genitml Fund Tr4nstersrnr Ma[ritain Reserve i it 2015 and to Increase Reserves by $250,040 per year on 2016 -2019 As this graph indicates, total revenue to the Fund varies significantly depending on intergovernmental grants and on transfers from other funds. From 2000 to 2013 Tax revenue to the Fund averaged about $1.25 million and totaled $17.5 million over that 14 -year period. During this same period, the Fund received over $12.1 million, or about 40% of the total revenue, from intergovernmental grants and transfers from the General Fund, Impact Fee Fund and the Capital Projects Fund. The 2015 recommended budget and forecast also propose transfers from the General Fund of $250,000 each year in 2015 -2019 to provide a larger reserve and ensure there are sufficient funds to purchase Open Space Candidate properties as they become available. The following table summarizes the total Open Space and Parks Fund revenues and expenditures for 2000 -2015, including the three years prior to the adoption of Ballot Measure 2D in 2002 (which authorized the use of tax revenue for development, construction, operation and maintenance of parks in addition to land acquisition), and for the 16 -year period of 2000 to 2015 (including estimated amounts for 2014 and projected amounts for 2015). As the table indicates, for the years prior to the adoption of Ballot Measure 2D in 2002, and implementation of the tax in 2004, the only expenditures from the Fund were for property acquisition, debt service and $3,730 for legal expenses (presumably associated with the Bond issue). During that period more was spent on property acquisition ($8.7 million) than tax revenue accruing to the Fund ($3.9 million). For 2000 through 2013, amounts equal to roughly 64% of tax revenue were spent on property acquisition, 40% on operations and administration, and 22% for capital outlay (the percentages don't add up to 100% because the expenditures reflect revenue from intergovernmental grants and transfers from other Funds). Including the estimated amounts for 2014 and the proposed amounts for 2015, amounts equal to roughly 61 % 8