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Norman Forward shows roughly $11 million available; board reviews 11 candidate park projects
Summary
City staff told the Norman Board of Park Commissioners the Norman Forward program’s revised budget and spending projections leave an estimated $11 million in discretionary funds; staff presented 11 candidate projects including land purchases, playground replacements and a multipurpose adult gym for public input toward a possible Norm Forward II plan.
Jason, a park staff member, told the Board the Norman Forward program has a revised budget of about $176 million and projected spending near $171 million, leaving a projected ending fund balance of roughly $22.7 million and an estimated $11 million in potential surplus toward the close of the program.
"Originally we thought we'd bring in about $150 million," Jason said, noting revised revenue and timing of project completions had increased the ending balance. He described the $11 million figure as a conservative estimate and said the city expects to present a prioritized list for public input and for a possible Norm Forward II ballot measure.
Why it matters: the surplus money would be available…
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