Gurnee Park District 2016-2017 Annual GFOA Budget

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BOARD OF COMMISSIONERS LETTER 16 FISCAL YEAR 2016/2017 ANNUAL BUDGET I Gurnee Park District
2016-17 Annual Operating Budget Overview INTRODUCTION The Gurnee Park District Annual Operating Budget for fiscal year 2016-17 continues the long standing practice as the financial guide to meet the parks, open space and recreational opportunities for a community of 34,284 residents. This detailed document is prepared as an aid to understand the legal budget and appropriation ordinance. The Budget and Appropriation Ordinance, appropriating all funds, is scheduled to be adopted following a public hearing on May 17, 2016. No more than thirty days prior to the hearing, notice of the place and time is published in the local press and copies of the ordinance are made available for inspection by the public at the Park District’s Viking Park Community Center and Hunt Club Park Community Center in Gurnee, IL as well as on the Park District’s website. The Budget and Appropriation Ordinance is adopted before the first quarter of each year and filed with Lake County within 30 days of adoption. Along with a certified copy of the Budget and Appropriation Ordinance, the District files anticipated revenue during the fiscal year covered by the appropriation ordinance. The District’s chief fiscal officer, the Director of Business Services, is responsible for certifying the revenue estimate. The Budget and Appropriation Ordinance also outlines any probable expenditure of grant or developer impact fees. State law prohibits further appropriation at any time within the same fiscal year. The Board of Commissioners has the authority after the first six months of the fiscal year to make transfers between the various items in any fund in the appropriation ordinance with a two-thirds vote. Transfers cannot exceed 10%, in the aggregate, of the total amount appropriated for the fund or item that is having funds reallocated. The Board of Commissioners may amend the Budget and Appropriation Ordinance, but it must be done in accordance with the same procedure followed when the ordinance was originally adopted. The Park District uses a detailed line item budget for accounting, expenditure control and financial reporting with a modified accrual basis of accounting, the same basis used in the Park District’s audited financial statements. The Park District combines a year-end review and Annual Budget to assure that the baseline information used for comparison purposes is reasonable. BUDGET PLANNING PROCESS The budget process officially begins in November when the Board of Commissioners approves the Park District’s “Categories of Service” document. This document outlines all the services provided by the Park District into three categories. Those categories are Basic Public, Extra Public, Gurnee Park District I FISCAL YEAR 2016/2017 ANNUAL BUDGET 17
Page 1 and 2: Fiscal Year 2016 - 2017 Annual Budg
Page 3 and 4: The Government Finance Officers Ass
Page 5 and 6: Mission and Vision Statement Missio
Page 7 and 8: Gurnee Park District Leadership Tea
Page 9 and 10: GURNEE PARK DISTRICT PROFILE includ
Page 11 and 12: Board of Commissioners Letter Gurne
Page 13 and 14: BOARD OF COMMISSIONERS LETTER Gurne
Page 15: BOARD OF COMMISSIONERS LETTER Gurne
Page 19 and 20: 2016-17 ANNUAL OPERATING BUDGET OVE
Page 27 and 28: SUPPLEMENTAL INFORMATION Table 4: T
Page 29 and 30: PARK INFORMATION recreation space t
Page 31 and 32: GENERAL BUDGET REVIEW Chart 2: Tota
Page 33 and 34: BUDGET SUMMARY REPORT Budget summar
Page 35 and 36: BUDGET SUMMARY REPORT lower than la
Page 37 and 38: BUDGET SUMMARY REPORT Chart 3: Tota
Page 39 and 40: BUDGET SUMMARY REPORT Chart 4: Tota
Page 41 and 42: COMBINED STATEMENT OF REVENUES, EXP
Page 53 and 54: EQUALIZED ASSESSED VALUATION, TAX L
Page 55 and 56: DEBT POSITION Replacement/Developme
Page 57 and 58: DEBT POSITION Debt service requirem
Page 59 and 60: TOTAL DISTRICT Gurnee Park District
Page 61 and 62: TOTAL DISTRICT 75% of its Recreatio
Page 63 and 64: TOTAL DISTRICT 11. Revise and updat
Page 65 and 66: GENERAL OPERATIONS Chart 6: General
Page 67 and 68:
GENERAL OPERATIONS computer hardwar
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GENERAL OPERATIONS to General Opera
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GENERAL OPERATIONS General Governme
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PARKS MANAGEMENT 2015-16 2015-16 20
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PARKS MANAGEMENT Gurnee Park Distri
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Recreation General Responsibilities
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RECREATION services and leisure opp
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RECREATION MAJOR BUDGET CHANGES REV
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RECREATION Gurnee Park District I F
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Aquatic Center Operations GENERAL R
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AQUATIC CENTER OPERATIONS Chart 9:
Page 89 and 90:
It is the financial goal of the Aqu
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Impact on Operating Budget The Corp
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South Park - $25,000 is budgeted fo
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GURNEE PARK DISTRICT THREE YEAR CAP
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GURNEE PARK DISTRICT Miscellaneous
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Appendix C Budget and Appropriation
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Utilities $49,740 $59,688 Materials
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Total for Park Management $1,196,09
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Property Insurance $74,091 $88,909
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SUMMARY OF FUNDS BUDGET APPROPRIATI
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STATE OF ILLINOIS) ) COUNTY OF LAKE
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GURNEE PARK DISTRICT CAPITAL ASSET
Page 113 and 114:
Gurnee Park District Policy Manual
Page 115 and 116:
Aquatic Center. Balances above the
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Appendix F Fiscal Year 2015-2016 An
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Appendix F Strategic Initiative #3
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Appendix F Strategic Initiative #5
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Appendix G GURNEE PARK DISTRICT Thr
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GURNEE PARK DISTRICT Three Year Fin
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Page 129 and 130:
Page 131 and 132:
Carry Over Capital Projects - Capit
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Tax Rate - The rate derived from di
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Gurnee Park District 2016-2017 Annual GFOA Budget

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