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Controller reports healthy fund balance, ahead on park impact fees and operating revenue
Summary
The controller told the Park Board the operating fund is up about $300,006.15 year‑to‑date and that park impact fees are more than $500,000 ahead for the year, with staff planning a proposed budget presentation at the next meeting.
The Greenwood Park Board heard a midyear finance update from the controller, who said the operating position is positive and that park impact fees have grown ahead of plan.
“We're up $300,006.15,” the Controller said, attributing the variance to strong admissions at Freedom Springs and the timing of tax receipts. The controller advised the board that the fund balance is strong and that staff will present a proposed budget at the board’s next meeting after meeting with department leadership.
The controller noted some timing differences driven by seasonal spending and one‑time capital items, saying program costs will even out over the year. Park impact fees for the year were reported as more than $500,000 ahead, and staff said they expect to use a portion of reserves for planned capital work in the coming fiscal year.
