Total revenue is budgeted to increase 18.4% or $2.6 million compared to the 2023 budget and increase 7.1% or $1.1 million compared to the 2023 year-end estimate. Expenses are projected to increase 8.8% or $1.5 million compared to the 2023 budget and 6.1% or $1.0 million compared to 2023 year-end projections. Revenues in all categories are projected to increase along with increases in the related expenses. ANALYSIS REVENUES Revenue within the Recreation Fund is derived from the following sources: RECREATION REVENUE Budget 2023 Projections 2023
The operating budget includes a $1.4 million transfer from the General Fund for the Recreation Fund to break even. The transfer provides funding for park maintenance operations and to offset administrative costs. On a positive note, the Recreation Fund is projected to end 2023 in a better-than-expected position based on greater participation levels in programs and memberships.
Budget 2024
2024 vs. Proj Variance
Budget Variance
Tax Revenue
$3,195,000 22% $3,193,483 20% $4,000,000 24% $806,517
25.26% $805,000
25.20% 0.00% 84.09% 18.37% 10.90% 5.43% 10.83% 4.90% 18.40% -45.69%
Replacement Taxes
106,600 103,700
1% 106,600 1% 106,600 1% 1% 185,000 1% 190,900 1%
0
0.00% 3.19%
0
Interest Income
5,900
87,200
Charges for Services
8,581,276 60% 9,841,771
63% 10,157,765 60% 315,994
3.21% 1,576,489
Sales
441,740 3% 502,775 3% 489,885 3% (12,890)
-2.56% -0.08% -13.65%
48,145 32,568 18,350 50,796
Rental Income
599,592 4% 632,686 4% 632,160 4%
(526)
Alternative Revenue
169,500
1%
217,554 1%
187,850 1% (29,704)
Miscellaneous Total Revenue
1,036,276
7% 1,052,942 7% 1,087,072 6%
34,130
3.24%
$14,233,684 100% $15,732,811 100% $16,852,232 100% $1,119,421
7.12% $2,618,548 -5.00% (1,141,808) 6.11% $1,476,740 9 rec rev pg 53
Transfer from General Fund Total Revenue with Transfers
2,499,255 16,732,939
1,428,891 17,161,702
1,357,447
(71,444)
18,209,679
$1,047,977
8.83%
RECREATION REVENUE
60% Charges for Services 24% Tax Revenue 6% Miscellaneous 4% Rental Income 3% Sales 1% Alternative Revenue 1% Interest Income 1% Replacement Taxes
13 golf expend page 88
2024 BUDGET 43
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