Gurnee Park District 2016-2017 Annual GFOA Budget

BUDGET SUMMARY REPORT
members and increase
membership an additional 900
members in Fiscal Year 2016-17.
Included in the Recreation Fund’s
proposed budget under the
fitness operations area is a
$357,563 transfer to the Capital
Replacement/ Development
Fund for future FitNation debt
payments. The FitNation debt
schedule is setup to have
payment amounts increase later
in the life of the bonds. Total debt
service (including the remaining
Hunt Club Park Community
Center debt that is paid out of
fitness operations) amortized
equally over the 23 year life of
the bonds is around $855,000
per year. The 2016-2017 Fiscal
Year debt payments for
FitNation and Hunt Club Park
Community Center fitness area
portion is $497,438. The addition
of the transfer for future debt
payments brings this total to
$855,000. This year $133,000 of
accumulated fund balance is
budgeted to be transferred to
the Capital Replacement /
Development Fund. Total park
management expenditures in
the Recreation Fund are
budgeted to increase 5.5%
compared to last year’s budget.
This is mainly due to the budget
line item added for the removal
of any large dead trees that
cannot be removed by Park
District staff. The budgeted year
end fund balance for the
Recreation Fund is $2,203,633,
which is $369,155 above the fund
balance target.
Hunt Club Aquatic Center Fund
The Hunt Club Aquatic Center
Fund is used to account for the
operations of the Aquatic
Center. Revenues are derived
from user fees. Total budgeted
revenue for the Aquatic Center is
$707,800 which is less than 1%
Table 6: Program budget analysis
FISCAL YEAR 2015/2016 (BUDGET)
FISCAL YEAR 2016/2017 (BUDGET)
PROGRAM Area REV EXP NET % REV EXP NET %
Athletics 551,074 319,312 231,762 42% 589,649 337,156 252,493 43%
Gen Youth Rec 227,025 131,828 95,197 42% 222,353 133,393 88,960 40%
CARE 790,370 340,365 450,005 57% 796,433 343,145 453,289 57%
Pre School 599,847 283,218 316,629 53% 588,444 286,174 302,270 51%
Day Camp 1,056,764 541,646 515,118 49% 1,116,687 553,176 563,511 50%
Adult Recreation 30,716 35,398 (4,682) -15% 31,452 35,933 (4,481) -14%
Fitness Programs 32,266 17,937 14,329 44% 36,870 20,010 16,860 46%
Rentals 73,168 41,480 31,688 43% 83,350 51,293 32,057 38%
Special Events 44,489 47,211 (2,722) -6% 55,236 64,527 (9,291) -17%
Aquatics 410,810 274,800 136,011 33% 416,869 258,527 158,342 38%
Total $ 3,816,529 $ 2,033,194 $ 1,783,335 47% $ 3,937,343 $ 2,083,334 $ 1,854,009 47%
Fitness Center Ops 3,220,380 3,180,656 39,724 1% 3,729,289 3,393,560 335,729 9%
Grand Total $ 7,036,909 $ 5,213,850 $ 1,823,059 26% $ 7,666,632 $ 5,476,894 $ 2,189,739 29%
Table 6 compares 2016-17 and 2015-16 budgeted program area and fitness operations revenues and expenditures.
34 FISCAL YEAR 2016/2017 ANNUAL BUDGET I Gurnee Park District