2012 Budget Summary - Chicago Park District

MillionsDetailed RevenueHarbor FeesThe District is responsible for ten harbors along Chicago’s shoreline. The District contractedwith a private company that specializes in operating harbors, with the purpose of maximizingrevenues and minimizing operating costs. Slips at Chicago harbors continue to be in highdemand. Harbor revenue continues to grow as Chicago continues to be the premier boatingdestination of the Midwest. In 2012 the District will open the new 31 st Street Harbor adding1,000 slips to the existing harbor system. There will also be an increase in slip fees by anaverage of 3% at selected harbors for the 2012 boating season. Total revenue for harbor relatedactivities is projected to be $27.1 million collectively for the 2012 boating season.Harbor Fees Gross Revenue v. Gross ExpenseConcessions$25$20$15$10$5$02008 2009 2010 2011 2012Gross RevenueGross ExpensePark concessions are managed by the District’s contractor to provide the public with greatdining, shopping and recreational experiences as they visit one of the District’s parks,beaches or recreational centers. Concession revenue has remained stable since 2007.Additional revenue in this category is attributed to the beverage vendor and lowering ofmanagement expense costs. Total concession revenue is projected to generate nearly $2.8million in 2012.Concession Fee Gross Revenue v. Gross Expense$3,000,000$2,000,000$1,000,000Gross RevenueGross Expense$02008 2009 2010 2011 201247