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