Appendix I
Non-Tax Revenue Plan
Land Dedication Ordinance (Cash-in-Lieu) – Represents donations from developers through the mandatory dedication of parkland or cash-in-lieu of land. Advertising – This category primarily represents revenue received from Program Guide and web advertising. Commissions – Commissions are received from product sales that take place on District property. Revenue within this category consists primarily of commissions from the District’s non-alcoholic beverage contract and contractual concessions such as food trucks and preferred caterers. Foundation – The foundation assists with raising funds to support the District’s mission through grants and donations for the Fee Assistance Program. Utilization of Non-Tax Revenue Policies and Procedures The Naperville Park District follows policies and procedures in order to maintain consistency in the management and maximization of non-tax revenues. Policies and Procedures currently in place include: Investment Policy The primary objectives of investment activities, in priority order, are: safety, liquidity and yield. A summary of the policy is as follows: “The safety of principal is the foremost objective of the Naperville Park District's Investment Policy. All investments shall be undertaken in a manner that seeks to ensure the preservation of the principal. The objective will be to minimize credit risk and interest rate risk.” “The investment portfolio shall remain sufficiently liquid to enable the Park District to meet all of its reasonably anticipated operating requirements, thereby avoiding the need to sell securities on the open market or redeeming time deposits prior to maturity.” “The investment portfolio shall be designed with the objective of attaining a market rate of return throughout the budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs. Return on investment is of secondary importance compared to safety and liquidity objectives described above.” (Please see Appendix A for a full copy of the Investment Policy) The District’s investment portfolio is comprised of certificates of deposits, money market funds and fixed income securities. Money managers are utilized to maximize returns on the fixed income portfolio in congruence with the District’s investment policy. The Investment Policy is reviewed on an annual basis.
3 Naperville Park District Non-Tax Revenue Plan Adopted: 4-12-12, Last Revised 9-12-2019
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Naperville Park District | 2023 MASTER PLAN
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