FY 2007 Budget - Forest Preserve District of Cook County

REAL ESTATE ACQUISITION FUND
This fund accounts for the District's land acquisition program. Sources available for appropriations for this fund
are derived from debt proceeds, contributions, and grants. The District does not levy taxes for land acquisition.
The District's acquisition program was initiated in 1916 and is limited by State statue to the acquisition of up to
75,000 acres.
Sources Available for Appropriation
Description
FY 2007 (est.)
Fund Balance $ 15,950,000
Operating Transfer from Corporate 1,000,000
Investment Income 400,000
Total Availible for Appropriation $ 17,350,000
Appropriation
ACCT. FY 2006 FY 2007 DIFFERENCE
NO. DESCRIPTION ACTUAL** ESTIMATE INC./ (DECR)
620010 Legal Services $ 70,000 $ 300,000 $ 230,000
680010 Land Acquisition 370,000 8,100,000 7,730,000
680030 Appraisers and Court Costs - 250,000 250,000
680050 Relocation Costs - - -
Total Expenses $ 440,000 $ 8,650,000 $ 8,210,000
RELEVANT STATISTICS AND TRENDS
2003 2004 2005 2006 (Est.) 2007 Proj.
Real Estate Acquisition Fund $17,014,498 $12,877,978** $14,814,505 $15,950,000 $8,700,000
Land Acquisition $16,437,585 $12,241,780 $49,000 $370,000 $8,100,000
Legal Department Expenses $576,913 $636,198 $148,977 $70,000 $250,000
Acreage Acquired 66.36 151.94 21.57 173.174**
Acquisition Cost* $5,342,530 $4,415,019 $736,687 $577,550**
Cost / Acre $80,508 $29,058 $34,153 $3,335
*includes market value of donated parcels **(As of 9/30/06)
**(The majority of
acres acquired in
2006 were funded by
reimbursable grants
and donations)
Active Acquisitions Acres Estimated Cost* *Estimated Cost / Acre
Tampier Lake Greenway 113.78 $12,377,444 $108,784
Other 480.25 $7,501,505 $15,620
* Estimated cost does not include attorneys, appraisals or other related acquisition fees.
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