2012 Budget Summary - Chicago Park District

Detailed Expenses2012 Operating Budget - Expenes (All Funds)$407,519,803Contractual Services3%Utilities6%Privatized, MgmtFees8%Other Expenses10%Aquarium, Museumand Zoo9%Operating Budget – ExpensesSalary & Wages32%Debt Service22%Other9%Withholding Taxes1%Health, Dental,Life Benefits5%Unemloyment, WorkersCompensation1%Pension3%PersonnelPersonnel costs represent 42% of total budgeted expenditures. The number of full-timepositions budgeted for 2012 is 1,528, a reduction of 13 full-time positions from 2011. Totalpersonnel costs are projected at $156 million, about 4% above the previous year’s budget,primarily due to increased healthcare expenditures and negotiated cost of living increases.Health, Dental, and Life InsuranceHealth, dental and life insurance expenses make up 4% of the District’s budget. Each year theDistrict must absorb more of the escalating expense related to health benefits. In 2012 theDistrict saw a less dramatic increase in healthcare costs. With continued efforts to emphasize ahealthy lifestyle to employees and better managed healthcare, the District has been able tostabilize benefit costs to a minimal increase of less than 1%.PensionEmployees are required by state statute to contribute 9% of their salary to the Pension Fund.The District appropriates funds to match employee contributions based upon the requirementsof the Illinois Compiled Statues. By law, the District is required to levy 110% of the contributionsmade by covered employees in the fiscal year two years prior to the year in which theapplicable tax is levied. In addition 0.039% of the PPRT funds are allocated to the Pension Fund.In 2012, the District must levy $10.4 million in property taxes to the Pension. This is 3% lessthan the 2011 budget.51