FY23 FULL BUDGET REPORT ADOPTED

Parks & Recreation CRF

Reserve Scope The purpose of the Parks & Recreation Capital Reserve Fund is to set aside funds annually to address the growing parks and recreational infrastructure needs facing the community. The funds may be utilized for expenses associated with constructing capital projects such as design, land acquisition/easements, site work, grant matching and/or debt obligations related to future parks & recreation projects. This avoids resource competition and cash flow demands on the Fund Balance and allows for better planning and implementation of tangible assets that add value to the community. The estimated value of 1 cent on the tax rate is dedicated annually as the primary funding resource. Leverage our resources by re- investing in the community.

Budget Notes

2022 Estimated Actual

2023 Projected Budget

2020 Actuals

2021 Actuals

Beginning Balance Interest Earnings

$ $ $ $ $

- - - - -

$ $ $ $ $

- - - - -

$ $ $ $ $

-

$ $ $ $ $

12

12

100

Transfer in fromGeneral Fund Transfer out to Capital Project Fund

620,000 (620,000)

650,000

-

Ending Balance

12

650,112

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

0%

0%

0%

0%

$

-

$

-

$

12

$

650,100

87