2012 Budget - South Suburban Parks and Recreation

South Suburban Park and Recreation District
Capital Improvement Plan
The recommended projects are then submitted to the Board of Directors along with the
proposed budget for further review. The Board reviews the requested capital projects, as
well as, the funding recommendations from staff. The Board of Directors will adopt the first
year of the five year capital replacement plan as a part of the budget adoption process.
Summary of the Sources and Uses of Funds
Over the last few budget years, the District has focused on finding ways to provide additional
funding for capital projects and other one-time priorities and needs. The total source of
revenue for the capital expenditures for 2012 is $5,306,714 ($7,535,082 less undesignated
funds of $2,228,368). These expenditures are funded by the 2000 1 Mill Fund for $572,380,
2010 1 Mill Fund 368,150, Operations $509,126, Cherry Hills Village Reserve $1,537,792,
and Conservation Trust Funds of $669,333. The remaining funds of $1,649,933 will be
contributed to the District by grants, donations, or other intergovernmental agencies. Capital
projects that are still in progress at the end of 2011 will have the available unspent balance
reappropriated in 2012, upon approval by the Board of Directors. Since the exact amount of
unspent project funds are not known as the budget is being developed these ongoing projects
are not budgeted as part of the original budget, but will be submitted for appropriation in
March when we plan to amend the original budget.
2012 Capital Funding Breakdown (Sources)
2010 1 Mill
7%
Grant &
Intergovernmental
31%
2000 1 Mill
11%
Operations
10%
Cherry Hills Village
Reserve
28%
Conservation
Trust Fund
13%
71