Agenda - Parks and Recreation Commission - 11/12/1987

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Fund Balance Sources. He stated that the City Council, during the 1987 budgeting process, did not budget any outlay for park projects. He stated that Handout G indicates plans that the Council wishes to proceed with in 1988, the deficiency in funds to do so, and possible funding sources to proceed with those plans. Councilmember Cox asked what would happen to the the planned 1988 River's Bend Park plans if the Council decides not to fund it. Mr. Graczyk clarified for Councilmember Cox that possible sources of revenue have been identifed and are listed on Handout G for the Council's consideration as available resources and therefore funding would not be a problem. He stated that to provide funds for the plans listed (which includes 1989 plans for Central Park) the City must look for additional funding of $226,645. The folio%ina sources were identified and discussed: 1. Donations; 2. Changes in Park Fee Schedules; 3. Special Levy of $77,876; 4. Landfill Trust Fund; 5. General Fund Fund Balance; 6. TIF; 7. Budget Cuts in other areas. Mr. Hartley added that tax increment financing could be used on River's Bend Park for improvements up to an amount of $30,900. This amount would be in addition to the other funding sources listed on the handout. At Councilmennber Sorteberg's request', discussion ensued relative to annual funding of park projects and from wher~ large donations might be anticipated. F~. Hartley stated that the Council's decision should tie into the overall budget; at what level do ~]ey wish to proceed with park funding. The level of funding will determine if the parks v!ll be ~aintained at their current levels or if they %~11 be scaled back. If we want to keep on our present schedule of park imp. rovements, M~yor Reim~mn in?aired, ~I1 the Council have to come up with $103,000 for 19887 The amount ~s confirnm~ by Mr. Graczyk. Mr. Hartley again reminded the Council that they have the ability to levy $77,876 more ~n~--n ~at is included in the budget through special levies -- but tlnat is ~h~ maxim~z. ~ limit Counc__.~_~~ ~ ~=~ =~ Cox stated tna%~ ' when the. Council approves~_ '~ne' ~ budget it is not necessarily a~rovinc Discussion ensued relative to the position ~nd direction the Ciny Co~nci! has chosen to move in respe~ to Dark .... n~ ~ 1988 ' t%~ ' ..... _ _~n~ for anc ..~ responszo~mz~y ~hey have =o ecl on ~%at has alr~v aha non-approv~ iLe~ iist~ in ~ne Five Y~ P~ks Capi~i ~rove~n5 Program. in Handout G. Mr. Graczyk reviewed the Septe.~b=~ ' ~ 198 .... ' ' . ±~, 7 draft cody of the 1988 Buiset ~tn the Council. He stated that pages i - 4 are the ac%eel budgeted items and the reT~n~ng ~ges ~e s~D, ~zng He revie~ sev~ correc~zons as f ol!ov.~: City Council/Sept~mber 29, 1987 cas= ~ of 7