Gurnee Park District 2016-2017 Annual GFOA Budget

Impact on Operating Budget
The Corporate and Recreation funds include revenues and expenditures
that drive the daily services provided by the Park District. In addition to
these daily services, the Board has set forth a policy to transfer fund
balance in excess of 25% of the following year’s expenditures to the
Capital Replacement / Development Fund. These transfers are used to
replace and develop capital assets and have a direct impact on the park
district’s operating budget.
The Capital Improvement Plan can have two direct impacts on the
operating budget. The first impact is the transferring of funds from the
Corporate and Recreation Funds into the Capital Replacement /
Development Fund which in turn pays for certain projects; this reduces the
available funds for operations. The second impact is the ongoing costs
borne by the Corporate and Recreation Funds related to improvements
made on capital assets.
All of the projects listed in the following chart will have a minimal impact
on future annual operating budgets. The park district defines a minimal
impact as a project that will have less than $1,000 of additional annual
operating costs added to future annual budgets.
Major Initiatives
Planning
The Board of Commissioners approved a Comprehensive Master Plan on
March 16, 2010. During the 2010-2011 Fiscal Year the Park District received
Distinguished Accreditation from the Illinois Association of Park Districts
and the Illinois Parks and Recreation Association as well as receiving the
National Recreation and Park Association’s Gold Medal Award. Both of
these achievements were indentified as goals in the planning process.
In addition, every three to five years the Park District completes a Strategic
Plan to guide the short term initiatives of the Park District. The strategic
planning process includes input from the community, Board of
Commissioners, other community leaders as well as Park District
management and staff. The 2012-2015 Strategic Plan that was approved
by the Board in February 2012 served as the road map for the continued
successful operation of the Park District through the end of the 2015-2016
fiscal year. In 2016-17, the Park District will begin the process to create the
next five year Strategic Plan that will serve as the guide for continued
successful operations of the Park District through fiscal year 2021-2022.
Gurnee Park District Appendix A-2