2023 Master Plan

Appendix H

3-Year Financial Plan

NAPERVILLE PARK DISTRICT RECREATION FUND FORECAST

2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 FORECAST 2024 FORECAST

Beginning Fund Balance

$3,546,621

$3,546,621

$3,546,621

$3,546,621

$3,546,621

$3,546,621

Taxes

3,254,045

3,315,707

3,297,666

3,301,600

3,301,600

3,906,600

Investment Income Charges for Services

131,611

59,483

280

10,000

10,000

10,000

7,655,167 424,971 531,340 126,556 814,238 80,836 13,018,764 9,039,184 1,048,829 3,046,746

3,086,213 118,666 348,506

6,460,601

7,045,474 406,920 610,374 139,580 929,986 12,443,934 9,962,613 1,092,225 2,732,841 884,442

7,412,619 424,834 611,074 139,580

7,685,693

Sales

341,755 645,015 177,313 840,811

439,417 611,784 139,580 945,417

Rentals

Alternative Revenue Miscellaneous Revenue WDSRA Reimbursement

118,531 761,955

935,171

Total Revenues Wages and Benefits

7,809,061 7,545,317 701,347 1,561,271

11,763,441

12,834,878 10,492,091 1,118,544 2,776,813

13,738,491

8,452,508 994,266 2,312,040 1,009,545

11,004,033 1,139,959 2,858,586

Supplies

Contractual Services

Utilities Capital

796,714 34,826

719,922 26,935

919,273 27,555

955,738 27,555

40,426

27,555

Total Expenditures Surplus/(Deficit)

13,966,299

10,554,792

12,808,785

14,699,676

15,334,276

15,985,871

(947,535)

(2,745,731)

(1,045,344)

(2,255,742)

(2,499,398)

(2,247,380)

Transfer from General Fund

947,535

2,745,731

1,045,344

2,255,742

2,499,398

2,247,380

Final Surplus/(Deficit) Ending Fund Balance Fund Balance Target

0

0

0

0

0

0

$3,546,621

$3,546,621

$3,546,621 $3,202,196

$3,546,621

$3,546,621

$3,546,621

$3,491,575

$3,760,272

$3,674,919

$3,833,569

$3,996,468

236 Naperville Park District | 2023 MASTER PLAN

3-YEAR FINANCIAL PLAN 2022-2024 8

NAPERVILLEPARKS.ORG

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