PROPERTY TAX REVENUE Property tax revenue accounts for 22% of the total revenue in the 2025 Recreation Fund budget and is consistent compared to the 2024 and year end projections. Taxes allocated to this fund are primarily used to support park maintenance operations. REPLACEMENT TAXES Replacement taxes are an additional income tax for corporations calculated at a rate of 2.5% of net taxable income. In 2024 and going forward, replacement taxes will be allocated in the General Fund. INTEREST INCOME Interest Income is budgeted to increase $33,800 or 17.7% compared to the 2024 budget and decrease $72,300 or 24.3% compared with 2024 projections. The 2025 budget is based on an average rate of 3.5%. CHARGES FOR SERVICES Charges for Services represent 62% of the total revenue for the Recreation Fund. It is comprised of recreation program income, memberships and daily admissions for Centennial Beach, fitness memberships for the Fort Hill Activity Center, and the Carillon Visitor Center. The increase of approximately $844,900 or 8.3% compared to the 2024 budget is based on an increase of participation in recreation programs, memberships at the Fort Hill Activity Center and fee increases in specific programs such as day camps. Compared to 2024 projections, an increase of $174,200 or 1.6% is expected. A detailed analysis of these revenue sources is provided in a later section of this document.
SALES Sales includes income from merchandise, concessions, brochure advertising and event ticket sales. Sales account for 3% of total recreation revenue and are budgeted to increase about $43,000 or 8.8% compared to the 2024 budget and year end projections. RENTAL INCOME Rental Income accounts for 4% of total recreation revenue. Rental Income in the Recreation Fund primarily represents athletic field and facility rentals. Also reflected in Rental Income is the District’s garden plots rental program and rental fees from the show wagon. ALTERNATIVE REVENUE Alternative Revenue primarily represents sponsorship revenue for the District. Sponsorship revenue is typically comprised of funding from partnership agreements that help support District programs and events in addition to the athletic field banner advertising program. Not all sponsorship agreements are reflected in this revenue line item. Some sponsors provide valuable in-kind services that help to reduce program costs in exchange for advertising at events. All sponsorships are developed in close collaboration with partners to fulfill their objectives, uphold our mission, and promote a healthy and active lifestyle for the community we serve.
MISCELLANEOUS INCOME Miscellaneous Income accounts for 7% of the total revenue and is budgeted to remain fairly consistent with the 2024 budget. Reimbursement income is included within this category and includes amounts owed from athletic organizations for electricity associated with field usage. Finally, reimbursements from the City of Naperville for the maintenance costs for the Riverwalk and the Carillon are accounted for in this line item. Miscellaneous revenue also includes cell tower income, soft-drink vending commissions and insurance reimbursement from employees. TRANSFER FROM THE GENERAL FUND The Recreation Fund is managed to break-even at the end of the year through a transfer from the General Fund. The actual transfer amount is determined at the end of the year when financial results are complete.
2025 BUDGET 45
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