2012 Budget - South Suburban Parks and Recreation

South Suburban Park and Recreation District
2010 1 Mill Fund Budget Overview
The 2010 1 Mill Fund is used to account for property taxes received from the 2010 1 Mill tax
that are restricted for acquisition of parks, open space and natural areas, acquisition and
development of trails, and development and maintenance of open space, parks, and trails
(approved by voters in 2010, beginning in 2011 and continuing for ten years). Funds from
the previous 1 Mill tax were accounted for in the General Fund. Staff recommended a
separate special revenue fund for the new 1 mill tax. This will improve accountability and
reporting.
The budget was calculated using the assessed valuation from the District and also using
estimates for qualifying capital projects. The 2012 Budget includes $2,222,889 for Property
Tax Revenue, $100,000 for Intergovernmental Revenue (represents funding for joint projects
coming out of the 2010 1 Mill Fund), $468,150 for Capital Projects, and $945,370 for
undesignated (contingency).
New in the 2012 Budget for the 2010 1 Mill Fund are the water expenditures for park
irrigation. In previous years this expenditure was budgeted in the General Fund. The
amount estimated for 2012 is $1,119,688. Actual water expenditures will vary depending on
the temperature and the amount of rain. The budget amount is generated using historical
information, and any anticipated fee changes in the market place.
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