Project Planning and Development In order to bring recommendations from this plan to life, the Park District undergoes an annual budgeting process that provides funding for Capital Projects and Development. Below is a brief synopsis of how park projects are planned and budgeted for and the varying ways they are or could be funded. Capital Improvement Planning
When preparing the current year’s budget, strategies to fund the recommendations of the Master Plan must be carefully developed with particular emphasis on the central theme reflected in the Plan: undertaking a balanced program of simultaneous and interrelated initiatives to address deficiencies in maintenance, existing facilities and available open space while anticipating the increased operating and maintenance costs associated with new facilities. These strategies must be refined to prioritize projects, implementation progress and changing conditions expected with each year. Further funding information can be found in the 3-Year Financial Plan in Appendix H. Capital Projects Multi-Year Overview In order for park projects to launch, they must be included within the Capital Projects Multi-Year Overview. This document is formulated as part of the Capital Budget process in order to effectively implement future park improvements. The Overview is updated annually and serves as a “living document” which assists the Park District in better tracking proposed projects. The Capital Projects Multi-Year Overview is a summary of all projects identified for implementation for the next 10 years and is a key document in the Naperville Park District’s Capital Budget. It classifies each project as new, renovation, maintenance, etc., and lists each improvement planned. In order to be incorporated within the Overview, a capital item must meet at least one or more of the following criteria: • A monetary value of at least $10,000 • A life cycle of at least 3 years • Repair/Replacement of existing facilities • Land acquisition and/or construction of facilities through the extension of existing services; and land acquisition and/ or construction of facilities through the development of new services The Overview tracks yearly projected inflation and material/labor increases with the ability to quickly adjust the document as inflation rates and market trends fluctuate. Additionally, the Overview includes a separate section featuring Districtwide projects and facility improvements. The Overview is not a fixed document and
95th Street Community Plaza
Wolf’s Crossing Community Park
additions and subtractions occur due to unforeseen circumstances and changes in District priorities over the course of the year. To provide an accurate evaluation process of the Overview annually, the Park District established and closely adheres to the Capital Projects Prioritization Policy (Appendix J).
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Naperville Park District | 2023 MASTER PLAN
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