2012 Budget Summary - Chicago Park District

Fund BalanceGeneral Fund BalanceAmounts are in Thousands of Dollars2007 2008 2009 2010 2011 2012Actual Actual Actual Actual Budget BudgetBeginning Fund Balance $ 6,728 $ 24,175 $ 18,154 $ 40,111 $ 47,618 $ 44,618Use of Fund Balance - (6,385) - - (3,000) (12,000)Remaining fund Balance - 17,790 18,154 40,111 44,618 32,618Revenues:Property tax 135,795 142,839 152,635 126,297 142,424 147,283Personal property replacement tax 27,822 25,304 16,947 19,525 14,247 15,481Interest on investments 2,085 794 100 45 200 200Concession revenue 3,810 3,833 3,792 4,170 2,478 2,572Parking fees 6,732 1,460 1,548 2,419 2,436 2,932Harbor fees 21,432 21,796 21,184 21,320 18,982 27,558Golf fees 500 321 4,613 4,668 5,203 5,063Recreation Activities 11,263 11,319 12,447 13,007 14,079 14,179Soldier Field 21,092 20,245 24,916 25,315 24,394 25,267Donations and grant income 677 1,085 780 11,383 - -Rentals 2,770 2,422 2,376 2,537 2,218 2,590Miscellaneous income 1,651 932 1,088 1,575 14,405 2,636Permits 3,459 4,747 5,403 6,349 6,132 6,582Northerly Island 205 - - 278 - -Capital Contributions - 604 971 932 4,138 3,087Use of Fund Balance - 6,385 22,973 - 3,000 12,000Transfer in 10,061 5,256 - 8,003 - -Total revenues 249,354 249,342 271,773 247,823 254,336 267,430Expenditures:Personnel services 136,183 142,888 140,433 134,225 148,429 152,916Materials and supplies 5,016 5,470 5,094 5,381 6,532 5,841Small tools and equipment 546 716 493 398 541 485Contractual services 75,390 87,258 84,465 91,945 94,426 96,932Program expense 9,279 4,159 4,249 832 4,408 9,566Other expense - 2,623 9,193 515 1,690Transfer out 5,493 5,864 5,889 7,020 - -Total expenditures 231,907 248,978 249,816 240,316 254,336 267,430Revenues over expenditures 17,447 364 21,957 7,507 - -Other Financing Sources and (uses)Transfer out - - - - - -Special ItemProceeds from sale of garages - - - - - -Ending Fund Balance $ 24,175 $ 18,154 $ 40,111 $ 47,618 $ 44,618 $ 32,618Notes:In 2010 General Fund revenues exceeded expenditures by over $6.5 million primarily dueto higher privatized contract revenues and donation and grant income. A $7.7 milliontransfer was made in 2010 from the Garage Revenue Capital Investment Fund to balancethe 2010 budget. The 2011 budget included a $3 million use of fund balance. The 2012budget includes as $12 million use of fund balance.41