2012 Budget - South Suburban Parks and Recreation

South Suburban Park and Recreation District
Financial Forecast
2006 -2015
Executive Summary
Based on this Financial Forecast the District will have depleted its unreserved cash
balance in 2014. This does not include funding any capital projects out of operations. If
the District cannot increase revenue by adding new programs or increasing fees on
existing programs, use Cherry Hills funds to help fund operations and maintaining what
we have, or use the new 2010 1 mill tax for maintenance of parks the District will have to
consider cutting services that our citizens have become accustomed to.
Forecast Overview
These projections were made on a conservative basis. The estimates were calculated with
a “Realistic” approach and conservative bias with the intent that actual revenue received
will be slightly higher than estimates and actual expenditures below projections.
The plan assumes there are no major catalyst events over the next five years.
The five-year projections are a planning tool. This information should provide more data
for the Board to consider when discussing the 2012 budget priorities.
The projections are based on historical trends, actual data, and assumptions for the future.
The estimates are not designed to match budget amounts, which may differ from the fiveyear
model totals. For example, the annual budget for salaries assumes full-staffing. The
projections are based on actual trends where the District has experienced vacancy or
under spending of the annual budget.
The forecast for 2013 and 2014 shows only funded capital from the Conservation Trust
Fund of $650,000 each.
The five year financial forecast model is a fluid plan and can be updated periodically.
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