STRATEGIC BUSINESS PLAN
Great Park expenditures fall into two categories: 1) operations and maintenance, and 2) development. Operational and maintenance costs, driven mostly by contract services, and salaries and benefits, include maintenance and rehabilitation of athletic fields, parking lots, trails, and facilities, and physical park operations and programming. As previously forecast, these costs are expected to increase in the coming years due to rising California labor costs and operations costs as additional areas of the park are developed. Development costs, excluding Capital Improvement construction costs, are expected to decline over the forecast period as the planning moves toward implementation.
Five-Year Great Park Fund Outlook
GREAT PARK
2023-24 Budget
2024-25 Budget
2025-26 Forecast
2026-27 Forecast
2027-28 Forecast
REVENUES Fees for Services - Sponsorship Revenue
700,000
700,000
700,000
700,000
700,000
Great Park Community Facilities District Proceeds
15,141,643 20,524,055 7,016,952 7,088,502
20,001,131 25,401,078
Program, Service Fees and Rent
7,230,272 7,374,877
7,522,375
Miscellaneous Revenue
2,290,134
2,302,400 2,348,448 30,614,957 29,089,130
2,395,417 2,443,325 30,471,425 36,066,778
TOTAL REVENUES 25,148,729
APPROPRIATIONS Salaries, Benefits & Overtime
15,350,629 16,025,309 10,435,658 10,489,445 3,878,947 3,815,649
16,185,562 16,347,418
16,510,892
Contract Services Services & Supplies Capital Equipment
10,594,339
10,700,283 10,807,286
3,853,805 3,892,344
3,931,267
261,000 925,000
190,000
200,000
200,000
200,000
Transfers-out to Development Fund Transfers-out to General Fund
-
- -
- -
- -
1,000,000 1,000,000
Transfers-out to Maintenance Assessment Fund (LLPM)
293,846
304,131
313,255
322,653
332,332
TOTAL APPROPRIATIONS 32,145,080
31,824,534 31,146,962
31,462,697 31,781,777
The following tables are provided as an overview of each depart ment’s level authorized expenditures within the Great Park. No expenditure can exceed a department’s total expenditure authorization without approval of the Great Park Board of Directors and City Council. Each City operating department budgets staff, services, supplies and capital items used on or for the benefit of the Great Park into the Great Park Operation Fund 180, and therefore the information underlying these tables can be found within the departmental budget pages.
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FY 2023-25 Adopted Budget
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