OTHER SOURCES Property Tax Revenues
Seven cents per $100 of valuation was dedicated to capital by the Naperville Park District Board in the early 1990s to be used exclusively for capital improvements to the park system as well as to pay off any outstanding Park District debts. An increase in the property tax rate consistent with state mandates can provide a source of additional revenue to fund the capital improvements recommended herein. Sales Tax Increment earmarked for Naperville Park District Adoption of a sales tax increment to be earmarked for Naperville Park District use may provide necessary implementation revenue. Partnerships Partnering with organizations to defray improvement and/or operation costs can be a significant source of revenue. However, it is important that Naperville Park District maintain control of its facilities and protect its rights via agreements. Non-Referendum Bonding Non-Referendum Bonding Authority allows the Naperville Park District to issue general obligation bonds which can assist in funding some of the capital improvements recommended herein.
Sales Enhancing/expanding revenues from concessions can partially offset costs of facility operations and improvements as well as the implementation of other Master Plan recommendations. Concession operations are located at the Paddleboat Quarry Rentals building, Centennial Grill, and the District’s two golf courses. Rental Income Revenue from park rentals, athletic field rentals, room rentals, and tournament income. Interest Income Revenue received from Park District investments. Sponsorships Sponsorships are sought by the District to offset the costs of capital improvements, operations, and maintenance of parks, facilities, special events, and programs. Gifts/Donations This category represents in-kind or cash contributions received from individuals, groups, and businesses that support District programs, services, and park amenities. Examples include contributions toward athletic field improvements, product donations, and more.
Cash-in-Lieu Funding The City of Naperville requires residential developers to provide a land or cash donation as part of the approved municipal code. The ordinance is based on a standard of 8.6 acres of park land per 1,000 population or supplying a cash donation for the land impact, which is currently set at $323,600 per acre. The Park District will continue to accept the appropriate land or cash donations at the established rate when new developments are proposed. Advertising The District receives revenue from ads within the Program Guide, its website, and athletic field banners. Proceeds and the ability for companies to advertise products in Naperville Park District facilities can be used to offset Commissions are received from product sales that take place on District property, whether at parks specifically or through promotions on the Park District’s website and seasonally-published digital Program Guide. facility costs. Commissions
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Naperville Park District | 2023 MASTER PLAN
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