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Board approves RecPlex 2026 budget; staff point to solar rebate and debt planning
Summary
The board approved the RecPlex 2026 budget (Resolution 25‑30). RecPlex staff projected net income, planned debt payments and a solar rebate estimate that will reduce net capital outlay.
RecPlex leadership presented the facility's 2026 budget and the board approved it under Resolution 25‑30.
RecPlex presenter Laura summarized operations, saying the facility expects net operating revenue to cover principal and interest payments and that the 2026 plan includes a solar rebate estimate of roughly $744,000 that materially reduces the net upfront solar cost. "This net income along with the village chargeback offset is how we're planning to pay our principal and interest payments of roughly 1,900,000," Laura said when describing how RecPlex will meet debt obligations.
Laura said RecPlex projects a conservative membership growth assumption and is budgeting for equipment replacement (fitness center equipment, $105,400) along with setting aside $225,000 a year toward a large 2028 debt payment. Trustees asked whether RecPlex capital projects and large replacements would be funded by the facility or taxpayers; staff clarified that bond proceeds will fund upcoming big projects and RecPlex will pay principal and interest, while the $500,000 in the levy is a continuing tax‑levy contribution put in during the pandemic to support the enterprise.
The board voted to approve Resolution 25‑30 adopting the RecPlex 2026 budget as presented.
