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Parks and Recreation Fund
Fiscal Year 2022 – 2023 Budget
This fund is the fiscal and accounting entity used to record financial transactions and balances related to the operation of the Town’s recreation programs. The Fund has four divisions – Aquatic Facility, Recreation Programming, Special Events and Athletics. Special events include July Jubilee, Brew and Que, AutumnFest and more. The two-story recreation center spans over 26,000 square feet, and includes elements such as a large state of the art fitness area, full-size gym, recreation classrooms, multi-purpose room, craft room, outdoor terrace, and spacious men’s and women’s locker rooms. The facility offers memberships, group exercise, programs and classes of all types, amenities, and facility rentals.
The Cove at The Lakefront™ aquatic park opened in 2021. The aquatics facility is over 42,000 square feet, with a retractable roof that provides year-round entertainment and activities for all ages. The Cove™ has a FlowRider® Double, a zerodepth splash pad, a large play structure, multiple slides, an activity pool, entertainment areas, party rooms, and cabanas.
PARKS AND RECREATION FUND SUMMARY
Actual Amended Budget Estimated Budget
Adopted Budget Planning Years 2020 - 2021 2021 - 2022 2021 - 2022 2022 - 2023 2023 - 2024 2024 - 2025 2025 - 2026 2026 - 2027
BEGINNING FUND BALANCE $1,292,457 $2,024,650 $2,024,650 $2,056,292 $1,832,438 $1,671,921 $1,545,679 $1,387,954
REVENUES
Events Fees Interest Earnings Transfers In
TOTAL REVENUES 3,585,267 4,208,104 4,163,853 4,678,200 4,794,850 4,926,334 4,974,063 5,113,635
TOTAL FUNDS AVAILABLE $4,877,724 $6,232,754 $6,188,503 $6,734,492 $6,627,288 $6,598,255 $6,519,742 $6,501,590
$755,098 $903,000 $853,270 $1,005,400 $968,400 $975,900 $975,900 $975,900 2,247,428 3,235,104 3,245,800 3,602,800 3,751,450 3,875,434 3,923,163 3,989,735 10,567 20,000 14,783 20,000 25,000 25,000 25,000 30,000 572,173 50,000 50,000 50,000 50,000 50,000 50,000 118,000
EXPENDITURES
Aquatic Center $1,205,039 $2,072,670 $2,203,883 $2,689,672 $2,690,196 $2,743,652 $2,795,342 $2,845,373 Park Recreation Programming 689,341 895,184 912,892 1,054,153 1,092,330 1,131,517 1,150,624 1,165,246 Special Events 876,342 973,061 935,565 1,064,903 1,078,827 1,081,265 1,089,297 1,093,017 Athletic Programs 82,351 92,521 79,871 91,926 92,614 94,742 95,125 95,517
TOTAL EXPENDITURES $2,853,074 $4,033,436 $4,132,211 $4,900,654 $4,953,967 $5,051,176 $5,130,388 $5,199,153
Transfers Out
TOTAL TRANSFER
$- $- $- $1,400 $1,400 $1,400 $1,400 $1,400
$- $- $- $1,400 $1,400 $1,400 $1,400 $1,400
TOTAL EXPENDITURES INCL. TRANSFERS $2,853,074 $4,033,436 $4,132,211 $4,902,054 $4,955,367 $5,052,576 $5,131,788 $5,200,553
RESERVES FOR MAINTENANCE $106,765 $256,765 $166,765 $316,765 $473,765 $634,765 $799,765 $968,765
