2012 Budget Summary - Chicago Park District

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2012 Chicago Park District Budget Summary2012 Operating Budget % of Allocation - RevenueNet Property Tax63%PPRT10%Other Income5%Harbor Fees6%Park Fees6%Donations and GrantIncome1%Privatized Fees3%Soldier Field6%2012 Operating Budget % of Allocation - ExpensesContractual Services4%Utilities6%Other Expenses10%Salary & Wages32%Withholding Taxes1%Health, Dental, LifeBenefits5%Unemloyment,Workers Compensation1%Privatized, Mgmt Fees7%Aquarium, Museumand Zoo9%Debt Service22%Pension3%10
Millions2012 Chicago Park District Budget SummaryMajor Revenue SourcesProperty TaxesThe most significant revenue source for the District is property tax. For 2012, $259M is againavailable for the operating budget. Over the past five years, property tax revenue has typicallyrepresented between 55 - 65 percent of the total operating revenue.The property tax is determined by dividing the levy by the equalized assessed value (EAV) of thetaxable net property in the City of Chicago. There are a variety of restrictions on the tax levy. ByIllinois statute, the portion of the levy going to the Corporate Fund is limited to 66 cents per$100 of EAV. The portion going to the Aquarium and Museum Fund is limited to a maximum of15 cents per $100 of EAV; and 4 cents per $100 of EAV going to the Special RecreationPrograms Fund. The remaining 15 cents goes to corporate fund for general use.City Colleges,3.06%Cook County,8.58%Forest PreserveDistrict, 1.03%MetropolitanWaterReclamationDistrict, 5.56%Chicago ParkDistrict, 6.47%Board ofEducation,52.34%City of Chicago,18.54%Chicago LibraryFund, 2.07%City of ChicagoSchool Bldg &Improv Fund ,2.35%6yr Tax levy vs Budget Trend$394 $387 $393 $392 $398 $398$400$300$259.9 $259.9 $259.9 $259.9 $259.9 $259.9$200$100$02007 2008 2009 2010 2011 2012BudgetProperty Tax Revenue11
Page 3 and 4: Letter From the General Superintend
Page 5 and 6: 2012 Chicago Park District Budget S
Page 7 and 8: 2012 BUDGET SUMMARYSECTION I - 2011
Page 9: Millions2012 Chicago Park District
Page 13 and 14: MillionsProgram Revenue2012 Chicago
Page 15 and 16: Millions2012 Chicago Park District
Page 17 and 18: DemographicsChicago Park District H
Page 19 and 20: DemographicsCity of Chicago Populat
Page 21 and 22: DemographicsBall Diamonds per 10,00
Page 23 and 24: Offerings SummaryProgramming Distri
Page 25 and 26: Core ValuesCore ValuesThe Chicago P
Page 27 and 28: Core ValuesUtilitiesNearly 20% of e
Page 29 and 30: 2012 BUDGET SUMMARYSECTION III - 20
Page 31 and 32: Fund StructureCapital Project Funds
Page 33 and 34: Basis of BudgetingBasis of Budgetin
Page 35 and 36: Financial PoliciesThe District is a
Page 37 and 38: Financial PoliciesJuly 2011Budget m
Page 39 and 40: Financial PoliciesFinancial Summary
Page 41 and 42: Fund BalanceGeneral Fund BalanceAmo
Page 43 and 44: Detailed Revenue2012 Operating Budg
Page 45 and 46: Detailed RevenuePPRT Budgeted vs Ac
Page 47 and 48: MillionsDetailed RevenueHarbor Fees
Page 49 and 50: Detailed RevenueRecreational and Cu
Page 51 and 52: Detailed Expenses2012 Operating Bud
Page 53 and 54: Detailed ExpensesMuseums In the Par
Page 56 and 57: Capital Improvementsobjectives, est
Page 58 and 59: Capital ImprovementsCapital Improve
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Capital ImprovementsOUTSIDE FUNDING
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Capital ImprovementsLand Acquisitio
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20122013201420152016201720182019202
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Personnel SummaryFull Time Equivale
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Community Recreation - Administrati
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Central RegionDedicated to Chicago'
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Central RegionGoal:Increase # ofact
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North Region2012 GoalsContinue to e
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South RegionThe South Region is res
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South RegionGoal:Development andimp
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Community Recreationambassadors, sa
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Community Recreation - Administrati
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Community Recreation - Sports IGYMN
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Community Recreation - Sports II201
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Community Recreation - Sports IIWEL
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Culture, Arts & Nature (CAN)Conduct
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OperationsThe departments within Op
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Facilities ManagementDEPARTMENT BUD
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Green InitiativesThe Office of Gree
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Natural ResourcesThe Department of
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Natural ResourcesGoal:Increase andp
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Park Services - Permit EnforcementT
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Office of the SecretaryDepartment E
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Board of Commissioners - AuditThe D
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LawThe Law Department represents th
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LawGoal:Provide thehighest qualityl
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CommunicationsThe Chicago Park Dist
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Disability Policy OfficePerformance
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General Administrative ServicesRedu
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Information TechnologyThe Informati
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Information TechnologyMeasure2012Pr
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FinanceOffices within Finance are r
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Budget and ManagementGoal:Seek alte
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ComptrollerGASB No. 54, Fund Balanc
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Financial ServicesThe Shared Financ
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RevenuePerformance DataGoal:Maximiz
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2012 BUDGET SUMMARYGLOSSARYCHICAGO
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GlossaryBudgetA financial plan for
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GlossaryExpensesCharged incurred (w
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GlossaryOperating BudgetA plan for
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GlossaryReplacement Cost Methodolog
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2012 Budget Summary - Chicago Park District

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