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Performance: Financially Strong

Meeting Our Mission | Customer-Focused | Financially Strong | Infrastructure Development & Preservation  | Organizational Excellence | Staff Excellence

Strategic Initiative: Financially Strong

The Park District works to continuously address the needs of the community and improve the quality of services, parks, and facilities without relying solely on taxes to support these efforts.  The following charts measure the Park District's efforts in maximizing alternative funding, efficiently aligning resources, and managing funds and debt in a sustainable manner.


Non-Tax Revenue

Non-Tax Revenue includes the percent of revenue collected by the Park District that does not come from the local tax levy, such as program revenue, fees and charges, sponsorships and donations, intergovernmental revenue (including grants), rental income, other miscellaneous revenue (including non-resident fees, vending machine revenue, rebates, etc.), and other financing sources (including debt service proceeds and transfers). The Park District's overall goal is to reach 50% by 2020. Hover over the chart for more detail. 

Note: From 2011-2013, the Park District issued $10 million in debt each year to help fund capital improvements including the Gymnastics & Recreation Center, Ridgeland Common Recreation Complex, and renovation to the John Hedges Administrative and Building & Grounds facility. This partially led to the increases in revenue displayed for those years. A decline from 2013 to 2014 was anticipated as the revenue from the bond sales was no longer present. 

*Data for this chart is updated annually from results from the Park District's annual audit.



Debt Ratio

Debt Ratio is the ratio of total Park District debt to total Park District assets. Hover over the chart for more detail. 

Note: From 2011-2013, the Park District issued $10 million in debt each year to help fund capital improvements including the Gymnastics & Recreation Center, Ridgeland Common Recreation Complex, and renovation to the John Hedges Administrative and Building & Grounds facility.

*Data for this chart is updated annually from results from the Park District's annual audit.



Fund Balances

Fund Balances are a ratio of total fund assets to total fund expenditures. The Government Finance Officers Association recommends 25% as a fund balance target because it is a healthy balance between having enough cash in reserves to handle operations without putting an undue tax burden on the community. The Park District strives to keep fund balances between 25-30%, except for the Museum Fund, which is a hybrid fund that the Park District works to maintain at 75-80%.

*Data for this chart is updated annually in April from results from the Park District's annual audit.



Volunteer Hours

Volunteer hours include the total number of volunteer hours reported by Park District supervisors at facilities, special events, citizen committees, and other efforts as well as the amount it would cost the Park District if those volunteers had to be replaced by staff working at minimum wage ($8.25/hour).



Fund Performance

Fund performance compares the difference between the overall net budget for each fund versus the actual results to date. Accurate budgeting ensures that the Park District is able to serve as much of the community as possible and allows the agency to plan additional park & facility improvements without any additional cost to the tax payers. Although staff strive to stay within 10% of their budget, they also work to remain nimble and able to take advantage of new opportunities for programs, rentals, grants, and cost savings. 

*Data for this chart is updated automatically as financial transactions are processed by the Park District's finance department.
 

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