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January 11, 2023 Meeting Minutes Continued -
<br />Board Updates
<br />acquisition ($8.7 million) than tax revenue accruing to the Fund ($3.9 million). For 2000
<br />through 2013, amounts equal to roughly 64% of tax revenue were spent on property
<br />acquisition, 40% on operations and administration, and 22% for capital outlay (the
<br />percentages don't add up to 100% because the expenditures reflect revenue from
<br />intergovernmental grants and transfers from other Funds). Including the estimated
<br />amounts for 2014 and the proposed amounts for 2015, amounts equal to roughly 61 %
<br />of tax revenue would be spent on property acquisition, 52% on operations and
<br />administration, and 42% for capital outlay (and again the percentages don't add up to
<br />100% because the expenditures reflect revenue from intergovernmental grants and
<br />transfers from other Funds).
<br />Open Space and Parks Fund Revenues and Expenditures
<br />2000-2015
<br />(Actual/Projected)
<br />2000-2013
<br />(Actual)
<br />2000-2003
<br />(Actual)
<br />Revenue
<br />Dollars
<br />%of Total
<br />Dollars
<br />%of Total
<br />Dollars
<br />%of Total
<br />Total Taxes
<br />$20,695,760
<br />58.4%
<br />$17,491,550
<br />58.1%
<br />$ 5,146,545
<br />41.5%
<br />Total Intergovernmental Revenue
<br />$ 8,717,795
<br />24.6%
<br />$ 7,996,865
<br />26.69/o
<br />$ 5,325,000
<br />42.9%
<br />Total Miscellaneous Revenue
<br />$ 2,196,485
<br />6.2%
<br />$ 2,024,395
<br />6.7%
<br />$ 513,891
<br />4.1%
<br />Transfers from General Fund
<br />$ 1,671,166
<br />4.7%
<br />$ 1,089,096
<br />3.6%
<br />$ 1,089,096
<br />8.8%
<br />Transfers from Impact Fee Fund
<br />$ 1,309,460
<br />3.7%
<br />$ 673,460
<br />2.2%
<br />$ -
<br />0.0%
<br />Transfers from Capital Projects Fund
<br />$ 327,114
<br />0.9%
<br />$ 327,114
<br />1.1%
<br />$ 327,114
<br />2.6%
<br />Total Transfers
<br />$ 3,307,741
<br />9.3%
<br />$ 2,089,671
<br />6.9%
<br />$ 1,416,211
<br />11.4%
<br />Total Open Space & Parks Fund Revenues
<br />$35,432,169
<br />100.0%
<br />$30,116,319
<br />100.0%
<br />$12,401,647
<br />100.0%
<br />Expenditures
<br />Property Acquisition
<br />$12,573,087
<br />37.9%
<br />$11,184,087
<br />48.0%
<br />$ 9,674,238
<br />89.0%
<br />Total Operations&Administration
<br />$10,751,758
<br />32.4%
<br />$ 6,970,778
<br />29.99/o
<br />$ 3,730
<br />0.0%
<br />Other Capital Outlay
<br />$ 8,669,159
<br />26.1%
<br />$ 3,943,369
<br />16.9%
<br />$ -
<br />0.0%
<br />Total Debt Service
<br />$ 1,192,405
<br />3.6%
<br />$ 1,192,405
<br />5.1%
<br />$ 1,192,405
<br />11.0%
<br />Total Open Space & Parks Fund Expenditures
<br />$33,186,409
<br />100.0%
<br />$23,290,639
<br />100.0%
<br />$10,870,373
<br />100.094
<br />Percent of Tax Revenue Spent On Property Acquisition
<br />60.8%
<br />63.9%
<br />198.0%
<br />Percent of Tax Revenue Spent On Operations & Administration
<br />52.0%
<br />39.9%
<br />0.0%
<br />Percent of Tax Revenue Spent On Capital Outlay
<br />41.9%
<br />22.5%
<br />0.0%
<br />As noted above, staff has divided the 2015 Open Space and Parks Fund budget into
<br />expenditures for Open Space Operations and Administration, Parks Operations and
<br />Administration, and Capital Outlay. The following tables reflect the annual line item
<br />allocation of all Open Space and Parks Fund sources and uses of revenue for 2000-
<br />2015. The tables reflect all revenues accruing to the Fund and show that through 2003
<br />there were only expenditures for property acquisition, debt service and $3,730 for legal
<br />expenses. In 2004 the allocation reflects expenditures associated with Open Space and
<br />Parks Operations and Administration (reflecting the authority in the 2002 Ballot Measure
<br />2D to spend Open Space and Parks tax revenue on such items). The allocations for
<br />2015 reflect the separation of expenditures into distinct Open Space Operations and
<br />Administration and Parks Operations and Administration categories.
<br />The 2015 recommended budget reflects $1.6 million in Tax revenue; $1.0 million in
<br />revenue from other sources, including a General Fund transfer of $582,070; $434,030 in
<br />expenditures for Open Space Operations and Administration; $1.6 million in
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