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BUDGET OVERVIEW

Parks and Recreation Facilities Development Fund

FY 17/18 Adopted FY 17/18 Revised FY 18/19 Adopted

Revenue $9,000,504 $9,091,172 $8,949,141

Expenditures $9,000,504 $9,091,172 $8,949,141
Balance $0 $0 $0

FY 2017/2018 Revised

The FY 2017/2018 revised revenue for the Parks and Recreation Facilities Development
Fund is estimated to be $90,668 or 1.01% over the FY 2017/2018 Adopted Budget. The
largest source of revenue in this fund is sales tax. Sales tax is expected to be in-line with the
adopted budget. Revised revenues associated with the NRH Centre are expected to increase
by $144,562. While there was a decrease of $30,000 related to membership and drop-in pass
revenue at the NRH Centre, this was offset by a large increase in revenue related to fitness
classes of $45,600 and Grand Hall rental revenue is projected to increase by $136,350 or
58.75%. There will not be a transfer in from the Aquatic Park Fund this year as was adopted in
the FY 2017/2018 Adopted Budget.

Revised expenditures are projected to be $9,091,172, which is an increase of $90,668 over the
adopted budget. The major changes in expenditures include a decrease in Center Management
by ($44,824) with an offsetting increase of $46,139 in Aquatics. The overall change between
these two divisions is due to a re-structure of positions in the NRH Centre and Aquatics. There
is also an additional $45,231 in projected Grand Hall expenditures which is primarily related to
the replacement of the ballroom chairs. In addition, an increase of $21,014 is in Recreation
Sports for additional van rentals for Camp NRH and the addition of one part-time program
coordinator position.

FY 2018/2019 Adopted

Anticipated revenues for the Parks and Recreation Development Fund are $51,363 less than
what was projected in the FY 2017/2018 Adopted Budget, primarily due to the elimination of the
appropriation of park impact fee reserves in the amount of $135,000. This large decrease is
partially offset by an increase in sales tax revenues of $101,916 or 2.00% over the FY
2017/2018 Adopted Budget. Revenue from the NRH Centre is expected to increase by $46,000
over the FY 2017/2018 Adopted Budget. As in the revised budget, there is a projected
decrease in revenue related to memberships; however, increases in revenue from fitness
classes and aquatics offset the decrease.

Expenditures are projected to decrease by $51,363 from the FY 2017/2018 Adopted
Budget. Much of this decrease is due to the elimination of one-time maintenance projects that
were included in the FY 2017/2018 Adopted Budget, which account for a $126,930 decrease in
maintenance expenditures. Also included in the decrease is the elimination of $103,135 in debt
service and a reduction of $122,400 in the needed capital project transfer based upon the
Adopted FY 18-19 Capital Projects Budget. Offsetting some of this decrease is an increase in
personnel costs related to market and merit adjustments in the amount of $41,960.
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