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City parks report April finances improved by Riverfront Park revenue; golf posts strong month
Summary
City parks reported a small net loss in April but are beating a previously forecasted shortfall thanks to higher Riverfront Park sales and naming‑rights proceeds; golf posted a $200,000 net gain and rounds played are ahead of 2024.
Spokane parks staff told the Park Board that April financials were better than forecast and that year‑to‑date revenues exceed expenses overall.
City finance staff reported an April net loss of about $1,700, far better than an earlier forecasted $300,000 deficit. The difference, staff said, was largely covered by strong Riverfront Park revenue from naming rights, sponsorships, concessions, parking and merchandise. Year‑to‑date park revenues exceeded expenses by about $1.2 million, though staff cautioned seasonal cash‑flow shifts are expected through summer and into the fall.
On golf, staff reported a net gain of about $200,000 for April. Year‑to‑date golf operations were roughly $500,000 positive (not counting a separate improvement fee), and rounds played in April were slightly ahead of 2024. Finance staff said golf revenues are currently about 12% above the same point last year and that pass sales have increased.
Staff noted some interfund charges were posted in April (larger than last year’s timing) and that those charges should decrease in May and June. The board discussed the cyclical nature of park revenues and the importance of Riverfront Park as a revenue center that can cover seasonal shortfalls elsewhere in the parks budget.
The finance committee will next meet in June and will continue monitoring revenues, interfund charges and the effects of large one‑time receipts such as naming rights.
