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Chicago Park District
FY2014
Budget
Presentation
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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
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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
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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.
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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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Total Budgeted FTE Trend
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$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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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
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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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FY2014 InitiativesSupporting CPD Values and Strategic Plan
We prioritize excellent and affordable recreation
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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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FY2014 InitiativesSupporting CPD Values and Strategic Plan
We invest for today and tomorrow
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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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FY2014 InitiativesSupporting CPD Values and Strategic Plan
We work hard, smart and together
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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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