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Chapter Five

200

implementation plan

The Parks, Recreation and Cultural Resources Department

utilizes multiple sources of funding in order to operate,

complete capital improvement projects, and administer

programming and services. The following are funding and

phasing strategies that may be utilized to implement Action

Items identified in Section 5.1.

Over the last five years, the Parks, Recreation and Cultural

Resources Department has seen General Funding

increase by over 10% to approximately $48.7 million

(

Table 79

). General Funding includes most maintenance

and operation costs related to parks, recreation, cultural

resources, design and development, facilities and

administration. In the last five years the increase in

General Funds can be primarily attributed to operating

costs associated with construction of new facilities

approved in past bond referendums.

In addition to General Funds, the department earns

approximately $7.5 million in Revolving Funding, which is

primarily funded by recreation activity fees that are self-

supportingwith revenues that equal or exceed expenditures.

An additional historic source of funding has been the

Capital Improvement Program (CIP) which includes

annual funding and Park Bond funding. Over the last five

years the annualized CIP funding has totaled $14.1 million

but has varied significantly from just over $1 million in

2011 to a high of $7.5 million in 2014. The last five years

have also seen significant funding from the recent Park

Bonds approved in 2003 and 2007. In total, $78.4 million

in Park Bonds have been utilized; however, funding has

dropped from a high of $35.4 million in 2010 to a low

of $1.1 million in 2014 as projects have been completed

(

Table 80

) Almost 85% of CIP funding over the last five

years has come from Park Bonds.

In the last 10 years, citizens of Raleigh have approved two

Park Bond packages through voter referendums. In 2003,

voters approved a $47.3 million Park Bond package, which

included approximately 35% of funding concentrated in

improvements or upgrades to existing facilities and sites,

and 65% concentrated on new development and land

acquisition. In 2007, voters approved an additional $88.6

million Park Bond package. Approximately 11% of the

2007 Park Bond projects concentrated on improvements

or upgrades to existing facilities or sites, and the remaining

89% funded new development and land acquisition.

These two Park Bond packages included a relatively high

percentage of new development and land acquisition,

which coincided with tremendous physical land growth

and population growth for Raleigh.

An additional funding source for the department has been

Facility Fees. Facility Fee is an impact fee that is required

for all new construction within the corporate limits and

the Extra Territorial Planning Jurisdiction within the

City of Raleigh. In 2014, the department budgeted $1.25

million in Facility Fees for capital improvements.

Table 79. 2014 General Funding

Division

2014

Funding

% of Total

General

Funds

Administration

$3,626,921

7.4%

Arts Office

$869,123

1.8%

Parks

$13,652,183

28.0%

Recreation

$17,586,768

36.1%

Design/Development

$1,983,144

4.1%

Facilities and Operations

$11,004,380

22.6%

Total General Fund:

$48,722,519

Table 80: 2014 Capital Funds

Capital Fund Types

2014

Funding

% Change

Over Prior 5

Years

Capital Improvements

$6,487,520

+293.1%

Park Bond Funds

$1,100,000

-96.7%

Total Capital Funds:

$7,587,520

Section 5.2

|

Funding and Phasing

Strategies

5.2 Introduction

5.2.1 Past Funding