SPECIAL REVENUE FUNDS

Explanation Of Significant Budget Variances

2023 Adopted Budget vs. 2022 Projected Actual

• The 2022 Contributions projection includes a developer contribution. There are no known developer contributions budgeted for 2023, so a minimal amount is included.

• Capital Outlay remains high in 2023 due to a robust number of parks and trails projects planned.

Special Revenue Funds

FUND: Parks and Recreation Fund

• The Interfund Transfer to the Recreation Fund is being discontinued in 2023 to reserve funds for capital needs. The Recreation Fund transfer will come from the General Fund instead.

2022 Accomplishments

Support an Active Community

• Completed planning, design, easements and construction of the Tallman Gulch Trail spur in the Rowley Downs Subdivision; bidding and construction is scheduled for the spring of 2023

• Completed conceptual and preliminary design and cost estimating for a 1.4-mile soft-surface trail along the Xcel Energy right-of-way from Latigo Lane to Canterberry Parkway

• Finalized site plan, construction drawings and specifications for the development of the 71.4acre Harvie Open Space

Promote a Safe and Healthy Community

• Completed construction of the O’Brien Park Playground Improvements

Innovate with Collaborative Governance

• Completed the 15.4-acre Trails at Crowfoot Park; amenities include: a multi-use sports field, baseball field, tennis court, six pickleball courts, two picnic/shade shelters, a playground, ninehole disc golf course, loop trail, parking and landscaping

• Began construction of High Plains Trail Segment 1

2023 Goals

Support an Active Community

• Complete site plan, construction drawings and construction activity for a 1.4-mile soft-surface trail along the Xcel Energy right-of-way from Latigo Lane to Canterberry Parkway

• Complete planning, design and construction drawings for the 90-acre Salisbury North Master Plan Improvements

Promote a Safe and Healthy Community

• Complete construction of the 71.4-acre Harvie Open Space Improvements

• Work on planning, design and construction drawings for High Plains Trail Segments II and IV

• Complete construction for the 0.5-mile Lemon Gulch Trail

• Work with the developer of Tanterra to construct a 31.4-acre Town-owned community park

• Work with the developer of Looking Glass to construct a 25.7-acre Town-owned community park