Page 51 - NRH FY20 Approved Budget

BUDGET OVERVIEW

Parks and Recreation Facilities Development Fund

FY 18/19 Adopted FY 18/19 Revised FY 19/20 Adopted

Revenue $8,949,141 $9,507,055 $9,479,683

Expenditures $8,949,141 $9,507,055 $9,479,683
Balance $0 $0 $0

FY 2018/2019 Revised

The FY 2018/2019 revised revenue for the Parks and Recreation Facilities Development Fund is
estimated to be $557,914 or 6.23% over the FY 2018/2019 Adopted Budget. The largest source
of revenue in this fund is sales tax. Sales tax is expected to be under the projections in the
adopted budget by $102,773 or 1.98%. Revised revenues associated with the NRH Centre are
expected to increase by $289,783. The biggest increase by percentage is in Grand Hall rental
fees going up to $468,550 from $273,100 in the adopted budget. Membership and drop-in passes
at the NRH Centre are also expected increase by $30,000.

Revised expenditures are projected to be $9,507,055, which is an increase of $557,914 over
the adopted budget. The major changes in expenditures come from $130,086 in increases
to the event center directly related to the increase in rentals and offset by revenues. Park
Facilities Development Administration also saw an increase of $56,822. The majority of this
increase is a position that was previously budgeted in NRH2O now being split with the Parks
Department to do marketing for both NRH2O and the NRH parks system. An increase of
$249,325 is projected to be added to reserves.

FY 2019/2020 Adopted

Anticipated revenues for the Parks and Recreation Facilities Development Fund are
$530,542 more than what was projected in the FY 2018/2019 Adopted Budget. While sales tax
revenues are expected to remain flat, Tennis Center Revenue is expected to increase by
$55,300. This increase is a combination of an expense reimbursement from BISD for work to
be performed at the Tennis Center and additional tournaments expected next year. NRH
Centre revenues are projected to increase more than $216,000 including increases
for the Grand Hall, memberships/drop-in passes and recreation/sports. There is also a
planned appropriation of fund balance for $224,057 included in revenues.

Expenditures for the FY 2019/2020 Adopted Budget are projected to increase approximately
$530,542. For Park Administration, the increase is related in large part to the position
mentioned above that was included in the revised budget, but not included in the FY
2018/19 Adopted Budget. There is also approximately $272,511 more in expenditures
for the NRH Centre proposed for next year. These increases include additional part time
staffing/hours for camp counselors and sales staff at the Grand Hall, as well as replacement
of fitness equipment.

Also included in the FY 2019/2020 Adopted Budget is a transfer to capital projects in the amount
of $1,046,000 that will go toward funding the following capital projects: Linda Spurlock
Park Renovation (PK1902), Park Infrastructure Maintenance (PK2004), and Richland Tennis
Center Infrastructure Improvements (PK2005).
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