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Administration and Operations; and Capital Outlay. The graph below summarizes the
<br />Open Space and Parks Fund total revenues, expenditures and fund balance for 2000-
<br />2013 (actual), 2014 (estimated) and 2015 -2019 (projected). Although there are records
<br />going back further, the year 2000 is as far back as the City's current Long -Term
<br />Financial Model goes.
<br />9,000.000
<br />8,000,000
<br />7,000,000
<br />6,000,000
<br />5,000,000
<br />.x,000,000
<br />3,000,000
<br />2,000,000
<br />1,000.000
<br />Open Space & Parks Fund Forecast
<br />Northwest Parkway
<br />Includes City S Facility. Flood
<br />4.___--- IGA Grant& Land
<br />Acquisition
<br />Reconstructioi
<br />Projects, & Firs
<br />Northwest Parkway
<br />Church Propel
<br />Acquistion
<br />IGA Grant
<br />Start Gene'',
<br />Maintain RB
<br />Increase Re
<br />peryearin ;
<br />o,00000 o�o o o,o,o,o,o�o,o y 1� t1yl 1, I, I,
<br />ervices
<br />t Baptist
<br />,,Revenue
<br />Expenditures
<br />Fund Balance
<br />al Fund Transfers to
<br />servein 2015 and to
<br />serves by $250,000
<br />016.2019
<br />As this graph indicates, total revenue to the Fund varies significantly depending on
<br />intergovernmental grants and on transfers from other funds. From 2000 to 2013 Tax
<br />revenue to the Fund averaged about $1.25 million and totaled $17.5 million over that
<br />14 -year period. During this same period, the Fund received over $12.1 million, or about
<br />40% of the total revenue, from intergovernmental grants and transfers from the General
<br />Fund, Impact Fee Fund and the Capital Projects Fund. The 2015 recommended budget
<br />and forecast also propose transfers from the General Fund of $250,000 each year in
<br />2015 -2019 to provide a larger reserve and ensure there are sufficient funds to purchase
<br />Open Space Candidate properties as they become available.
<br />The following table summarizes the total Open Space and Parks Fund revenues and
<br />expenditures for 2000 -2015, including the three years prior to the adoption of Ballot
<br />Measure 2D in 2002 (which authorized the use of tax revenue for development,
<br />construction, operation and maintenance of parks in addition to land acquisition), and for
<br />the 16 -year period of 2000 to 2015 (including estimated amounts for 2014 and projected
<br />amounts for 2015).
<br />As the table indicates, for the years prior to the adoption of Ballot Measure 2D in 2002,
<br />and implementation of the tax in 2004, the only expenditures from the Fund were for
<br />property acquisition, debt service and $3,730 for legal expenses (presumably
<br />associated with the Bond issue). During that period more was spent on property
<br />2
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