Agenda - Parks and Recreation Commission - 01/13/2000

Home

CASE #2 RECOMMEND POLICY FOR RECREATION DISTRICT ACCOUNTING MODIFICATION By: Mark Boos, Parks/Utilities Supervisor Background: At the City Council and Park and Recreation Commission work session of September 21, 1999, the subject of how park dedication proceeds are accounted for and allocated was discussed. After a lengthy analysis of the pros and cons of the existing system (Recreation Districts) there was a consensus agreement that modification to the current practice was in order. The revision would provide for increased flexibility in park spending citywide - but maintain Recreation District integrity by reserving some dollars for only neighborhood park and open space enhancement. The new system would distribute the moneys as follows: . 50% of park dedication contributions would be retained within the District generating the cash - for improvements within or bordering that District. . 50% of park dedication cash would be retained in a "city-wide district" for capital improvements in any or all districts and for any park and trail projects. . Interest earnings on the citywide district would be retained within that district. Interest earnings over the aggregate of the 17 districts would also be applied to the citywide district unless specified otherwise by year-end. Pending approval of the Commission on the above policy, staff will prepare a resolution reflecting the changes for City Council consideration in February 2000, Commission Action: Motion to recommend that City Council approve the revised Recreation District accounting policy. Reviewed by: Copies also distributed to: Parks/Utilities Supervisor Finance Officer City Administrator Director of Public Works Zoning Administrator PR: 1/13/00 ~