Gurnee Park District 2016-2017 Annual GFOA Budget
Fiscal year 2016-2017 annual budget.
Fiscal year 2016-2017 annual budget.
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GENERAL OPERATIONS<br />
General Governmental Revenues by Source - Last Ten Fiscal Years<br />
An important indicator of the financial stability of the <strong>Park</strong> <strong>District</strong> is the split between revenue sources.<br />
As shown below, the two main revenue sources for the <strong>Park</strong> <strong>District</strong> are taxes and charges for services.<br />
The measurement of these two sources of revenue is something the <strong>Park</strong> <strong>District</strong> tracks on a regular<br />
basis. Extremely modest growth in tax revenue has been the trend the last several years and is<br />
expected to continue for many years to come. Because of this, the growth in <strong>Park</strong> <strong>District</strong> revenue will<br />
come from charges for services.<br />
In November 2013, the <strong>Park</strong> <strong>District</strong> opened FitNation, a 75,000 square foot fitness facility. Since the<br />
opening of FitNation, charges for services have become the largest source of revenue for the <strong>Park</strong><br />
<strong>District</strong> with a 75% increase from 2013 to <strong>2016</strong>.<br />
<strong>Gurnee</strong> <strong>Park</strong> <strong>District</strong> I FISCAL YEAR <strong>2016</strong>/<strong>2017</strong> ANNUAL BUDGET 71
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