City Council Agenda and Packet 2017 10 10 SP

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LCityqf Louisville PARKS & RECREATION Memorandum To: City Council From: Helen Moshak, Open Space Advisory Board (OSAB) Chair, on Behalf of OSAB Date: October 10th, 2017 Re: Open Space Advisory Board Recommendations for Discussion We recognize that as our Open Space and Parks systems mature we will need to strategically plan for a balanced approach to acquisition, operations and CIP budgets. Open Space and Parks Fund Tax revenue is just one source in the funding mosaic. Additional fund sources in support of the Open Space or Parks programs include the General Fund, Lottery Funds, Grants and other funds. We would like to support Council and Staff in taking a comprehensive, long-term, strategic approach to multi-year revenue and expense Open Space budgets. We recommend: 1. Staff, Council, OSAB, and PPLAB work together to produce helpful, accurate and transparent reporting. With this information as a common foundation for our understanding, communication, discussion, and recommendations, we can work from the same page to develop a balanced approach to managing and setting priorities in acquisitions, operations and CIP budgets. We will continue to work with Kevin Watson, Director of Finance, to develop graphs and tables that tell the story over the last 10 years of: a. Total Open Space and Parks property acquisitions by fund (subtotals for OS and Parks) b. Total Open Space and Parks Capital Improvement Projects by fund (subtotals for OS and Parks) c. Total Open Space and Parks Operations and Management Expense Budgets by fund (subtotals for OS and Parks) d. Open Space & Parks Tax Fund Actual Revenue and Expense Budget Totals with subtotals for Parks and Open Space programs 2. Council continue to allocate General Fund Revenue (-500k) in support of the Parks Operations budget annually as Council has in previous years so that instead of shifting more Parks Operations expenses to the OS &