Budget Presentation 2014

8/13/2019 Budget Presentation 2014

1/12

Chicago Park District

FY2014

Budget

Presentation


2/12

FY2014 Financial Summary

$425.6M spending plan is 3.6% higher than FY2013 budget

Increase in FTE count by 26 due to program and facility

expansion

Financial safeguards Long Term Reserve, Economic

Stability reserve, PPRT reserve, Long Term Liability reserve

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FY2013 FY2014 Change

Budget $410.9M $425.6M $14.6M

FTEs 3,077 3,103 26


3/12

FY2014 Operating Revenues of $425.6M

Property Tax and PPRT

$304.4M (72% of revenue)

Privatized Contracts - $70.9M

(16%)

o Soldier Field: $30.4M

o Harbors: $24.2M

o Golf: $5.6M

o Parking: $4.4M

o Concession: $3.1M

o Northerly Island $1.7M

o MLK Center: $1.4M

Park Fees - $28.4M (7%)

Park Program Fees: $13.1M

Permits: $12.4M

(Lollapalooza $2.7M)

Room Rentals: $2.9M3


4/12

Property Tax

Source: Cook County Clerk 2012 Tax Report

Property valued at $200K

Taxing Agency 2012 Distribution Allocation of Tax Bill

Board of Education 53.50% $ 1,383.68

City of Chicago School Bldg & Improv Fund 2.28% $ 58.97

City of Chicago 18.00% $ 465.54

Chicago Library Fund 2.00% $ 51.73

Chicago Park District 6.18% $ 159.83

Metropolitan Water Reclamation District 5.78% $ 149.49

City Colleges 2.97% $ 76.81

Cook County 8.30% $ 214.66

Forest Preserve District 0.98% $ 25.35

$ 2,586.32

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Board of Education

53.50%

City of Chicago

School Bldg &

Improv Fund

2.28%

City of Chicago

18.00%

Chicago Library

Fund

2.00%

Chicago Park

District

6.18%

Metropolitan

Water Reclamation

District

5.78%

City Colleges2.97%

Cook County

8.30%

Forest Preserve

District

0.98%

FY14 Budget includes a

proposed increase in the

property tax

Increase will generate$3.6M in additional

revenue to the Park District

Cost to the average

homeowner $2.71

annually

Has not been increased in

8 years

During that time,

approximately 900 acres

were acquired, 17 new

facilities were opened orput into plan/design, and

hundreds of new

program/event offerings

were created.

As costs have naturally

risen, resources have

remained constrained.


5/12

FY2014 Operating Expenses of $425.6M

Personnel expenses -

$173.9M (41%)

Debt Service -

$89.8M (21%)

Aquariums,

Museums & Zoo -

$36.7M (9%) with

$27.6M from

property tax levy and

$3.5M from PPRT

Privatized assets

operating expenses -$36.4M (8%)

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6/12

Total Budgeted FTE Trend

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7/12

$42M in Financial Assistance to our

Partners

Lincoln Park Zoo Operating Agreement expires

December 2024

Annual subsidy of $5.6M +

utilities

3M visitors per year

Museums in the Park

Ten Museums and the Aquarium

$27.7M property tax levy

$3.5M PPRT

8M visitors per year

Grant Park Music Festival 32 free performances

$2.6M in financial support

300,000+ attendees annually

After School Matters

Teen apprenticeships

Summer jobs for Teens

$2M in annual support

Others

Chicago Parks Foundation

Garfield Park Conservatory Alliance

Neighborspace

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8/12

FY2014 InitiativesSupporting CPD Values and Strategic Plan

Children First Night Out in the Parks expansion from 750 to more than 1,000 events

Citywide sports expansion Windy City Hoops/basketball, boxing,gymnastics, football, rowing, tennis, lacrosse, ice hockey, golf

Aquatics expanding program opportunities, reducing wait lists,

active recruiting of cradle-to-career patrons and under-representedpopulation segments, pool rentals pilot program, participation in theWorlds Largest Swim Lesson

Focus on increasing teen participation and growing early childhoodprograms to meet demand

Fitness programs funded by the Coca Cola Park Family Wellness grant

Flexibility in park operations to meet the demands of the community(nights, weekends, off-peak hours)

Continued focus on record-breaking program registration numbers

8Our most important customers are children


9/12

Best Deal in Town No increase in program, room rental or harbor fee rates

Program discounts remain intact

financial assistance discount

family discount

military discount

free youth golf

Harbor rate non-resident fee moratorium continues at 31st StreetHarbor, returning boater promotions at all harbors

Savings achieved through strategic changes in healthcare and utilities

Continue to identify ways to maximize revenue generation of ParkDistrict assets

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We prioritize excellent and affordable recreation


10/12

Built to Last

Capital Project decisions that use limited available resources tothe greatest potential

Chicago Plays!

Maggie Daley Park 606

Boat houses

Little Village Park

Morgan Park Sports Complex

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We invest for today and tomorrow


11/12

Extra Effort

Keeping our parks safe is our top priorityOperation Impact collaboration with the Chicago Police

Department which will provide extra police patrols in parks to helpprevent crime and to boost enrollment in family-centered parksprogramming

Technological coordination with the Chicago Police Department Night Out in the Parks Fostering positive community activities . An

active park is a safe park.

Investment in technology network and wireless work site expansion,streamlining processes, expanding Wi-Fi on beaches and other areas

Investment in marketing and business development Park Points,Chicago Parks Foundation, partnership/sponsorship endeavors

Continued financial support to our partners - Museums in the Park$31.1M, Lincoln Park Zoo $5.6M, Grant Park Music Festival $2.6M,After School Matters $2M

Pension reform efforts

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We work hard, smart and together


12/12

FY2014 Budget Calendar

3 Region Budget Hearings Fosco Park 9/24/13

Horner Park 9/26/13

Tarkington Park 9/30/13

Appropriation Ordinance submitted 10/31/13

to Board of Commissioners

Budget documents released to public 11/22/13

Public hearing on budget 12/4/13

Board votes on budget 12/11/13

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Budget Presentation 2014

Documents

Transcript of Budget Presentation 2014