STRATEGIC BUSINESS PLAN
Five-Year Great Park Fund Outlook
ORANGE COUNTY GREAT PARK
Proposed Proposed Projected Projected Projected Budget Budget Budget Budget Budget 2019-20 2020-21 2021-22 2022-23 2023-24
REVENUES Developer Fees
1,250,000
1,250,000 10,694,667 6,441,312 1,106,294
1,250,000 11,178,300 6,611,961 1,034,141
1,250,000 27,854,227 6,778,425
-
Great Park Community Facilities District Proceeds 10,383,173
27,869,411 6,947,329
Program Fees and Rent Miscellaneous Revenue
6,229,720 1,996,698
984,141 40,628
996,641 40,628
Transfers-in
40,628
TOTAL REVENUES 19,859,591
19,492,273
20,115,030
36,907,421
35,854,009
APPROPRIATIONS Salaries, Benefits & Overtime
7,269,871 10,595,077 3,981,504
8,669,102 10,597,626 3,812,428
8,550,642 11,865,805 3,961,249
8,824,796 18,928,928 4,369,223
8,767,795 18,579,825 4,503,722
Contract Services Services & Supplies Capital Equipment
144,000
113,113
74,000
139,000
74,000
Transfers-out to Development Fund Transfers-out to General Fund Transfers-out Fund 181 for IRWD Repayment
226,500
1,227,865
1,215,907
1,215,907
1,215,907
2,700,000 36,177,854
2,700,000 35,841,249
TOTAL APPROPRIATIONS 22,216,952
24,420,134
25,667,603
REHABILITATION ASSETMANAGEMENT PLAN Beginning Balance 2,736,346
3,644,701
5,894,788
8,629,831
11,716,594
RAMP Allocation
1,736,610 2,141,342 2,648,949 3,069,793 966,828
Interest
36,745
58,745 50,000
86,094
116,970 (100,000)
123,318 (460,000)
Qualified Expenses
(865,000)
-
ENDING BALANCE 3,644,701
5,894,788
8,629,831
11,716,594
12,346,740
TRANSFERS FROM RESERVED FUND BALANCE RAMP to Development Fund 865,000
50,000
Marine Way MOU to CIP
10,000,000 10,050,000
TOTAL FROM RESERVED BALANCE 865,000
* CFD Secondary Maintenance timing anticipated in FY 2022-23, however it is dependent on completion of Backbone Infrastructure. Once started Secondary Maintenance is available for up to 40 years.
464
FY 2019-21 Proposed Budget
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