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January 11, 2023 Meeting Minutes <br />Continued- Board Updates <br />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 />Open Space & Parks Fund Forecast <br />9,000,000 <br />IncludesCity <br />ervices <br />8,000,000 Northwest Parkway Facility, <br />7,000,000 t Baptist <br />6,000,000 <br />Revenue <br />5,000,000 Expenditures <br />4,000,000 Fund Balance <br />3,000,000 <br />2,000,000 <br />I Fund Transfers to <br />1,000:000 servein 2015 and to <br />Increase Res <br />erves by $250,000 <br />D16.2019 <br />b, a`' o° °h o1' o� �4 NN Ne +�`� �� �`o �� 1� �`5 Nq <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 <br />