FY23 FULL BUDGET REPORT ADOPTED
Parkland Payment in Lieu Reserve
Reserve Scope The purpose of the Parkland Payment in Lieu Fund is 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. 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
$ $ $ $ $ $ $
4,817,105
$ $ $ $ $ $ $
3,732,434
$ $ $ $ $ $ $
3,409,804
$ $ $ $ $ $ $
3,919,480
52,326 701,903
2,608 34,610 4,026
1,472
1,500
Parkland Payment in Lieu Fees
508,204
1,019,754
Transfer in fromClosed Capital Projects
- -
3,200,000
- -
Transfer out to General Fund
-
-
Transfer out to Capital Project Fund
(1,838,900)
(363,874)
(3,200,000) 3,919,480
(4,230,000)
Ending Balance
3,732,434
3,409,804
710,734
Year Over Year % Change Total Year Over Year $s Change Total
-23%
-9%
15%
-82%
$
(1,084,671)
$
(322,630)
$
509,676
$
(3,208,746)
88
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