Laserfiche WebLink
Marla Olson <br />From: Malcolm Fleming <br />Sent: Monday, October 29, 2012 5.24 PM <br />To: City Council <br />Cc: Joe Stevens; Kevin Watson; Heather Balser; tom.davinroy@gmail.com; Ember Brignull <br />Subject: Open Space and Parks Expenditures 2020-2011 <br />Mayor Muckle and Council Members: <br />John Aguilar from the Daily Camera intends to publish an article concerning the Open Space and Parks Sales Tax measure <br />that is on this year's ballot. To illustrate the importance of that ballot measure I prepared and sent to John the table <br />below. This table shows for the past 10 years (2002-2011) the total revenue accruing to the Open Space and Parks Fund <br />from all sources (including grants, interest earnings, sales of assets (the Damyanovich property) and other <br />miscellaneous revenues) as well as just that portion of revenue from sales and use taxes. <br />To provide some context, because the Open Space and Parks Fund (OSPF) is not the only source of revenue for the City's <br />Open Space, Parks and Trails operations, land acquisition and capital projects, i also summarized the Open Space and <br />Parks (but not Recreation) expenditures from all sources. As the table shows, OSPF expenditures represent about 44% of <br />total expenditures during 2002-2011. <br />Regarding the question of how much of the OSPF funds are spent on land acquisition compared with operations, the <br />table reflects that during 2002-2011, 51% of OSPF expenditures were for land acquisition and debt service (33%) and <br />capital outlay (18%), compared with 49% spent on operations. <br />Regarding the question of how important is the Open Space and Parks sales and use tax to the City ... it is critically <br />important. The tax generates about $1.3 million annually and funds close to half of the City's Open Space and Parks <br />activities. Without that revenue, we would have to make major changes to the City's budget and it would affect all <br />operations (with the possible exception of the City's activities funded from enterprise funds). <br />Please let me know if you have any questions regarding this information (but as always, do not respond to all, so we <br />don't violate Open Meetings requirements). <br />N4&o6w ;?&m4 q <br />Louisville City Manager <br />(303) 335-4532 <br />malcolmf@louisvilleco.gov <br />52 <br />