FY2021 Budget

Parkland Payment in Lieu Reserve

MISSION

The purpose of the Parkland Payment in Lieu Fund, to accumulate and track funds received annually from a development for the acquisition or development of recreation, park, or open space sites. The funds may be utilized for new facilities and improvements that may include preliminary design, construction or other related capital expense that qualify as a reasonable use for the restricted source.

SERVICE TO COMMUNITY

Leverage our resources by re-investing in the community.

BUDGET NOTES

New Initiatives & Priorities

Cost Value

None

$0.00

2020 Estimated Actual

2021 Proposed Budget

2018 Actual

2019 Actual

PARKLAND PAYMENT IN LIEU RESERVE

Beginning Balance Interest Earnings

$ $ $ $ $

2,419,600

$ $ $ $ $

3,255,085

$ $ $ $ $

4,817,105

$ $ $ $ $

3,732,434

23,748

73,401

52,326 701,903

-

Parkland Payment in Lieu Revenue Transfer out to Capital Project(s)

1,051,737 (240,000) 3,255,085

2,058,619

80,000

(570,000.00)

(1,838,900) 3,732,434

-

Ending Fund Balance

4,817,105

3,812,434

Year Over Year % Change Total Year Over Year $s Change Total

34.5%

48.0%

-22.5%

2.1%

$

835,485

$

1,562,020

$

(1,084,671)

$

80,000

90