Lombard Park District

2015 Third Quarter Financial Report Districtwide Revenues The Park District has received 91.6% of the budgeted 2015 revenues to date. This is lower than 2014 due to the 2014 Bond proceeds. If the bond proceeds are removed, the year-to-date revenue is higher than prior years. The DuPage County Clerk's Office sent the 2014 tax year rate reduction factor, which is 95.8411, to the District. This is consistent to the past several years. Staff has re-allocated the District rates in order to comply with the "Tax Cap Act." This reduces tax proceeds in an amount of $113,280. However, in aggregate this remains approximately $79,000 higher then what was budgeted. Most of the revenue at this point in the year comes from recreation programs, facility rentals, tax proceeds, pool admissions, pool pass sales, and rounds of golf. As of September 30, pool pass sales revenue ended the year down $15,000, daily admissions were up nearly $49,000, and concession sales were up $8,500 from last year. Golf rounds are down approximately 3,400 in 2015. The decreases at Western Acres can be attributed to the wet inclement weather that was been experienced in the area this summer. The Recreation Department has had an increase of $23,000 in program fees due to an increase in participation year to date. Districtwide Highlights Districtwide Expenditures The Park District has spent 56.6% of the budgeted 2015 expenditures. Expenditures are consistent to last year. However, some of the variances relate to stump and tree removal, repairs to the pump station at the golf course, and the timing of capital projects such as the construction of the CXT building at Four Seasons, the HVAC replacement at the Administration Office, replacement/repairs to vehicles, re-build of pool pumps, purchase of timing system, repairs to boiler at the pool, replacement of soft play features, replacement of golf carts, purchase of used rough mower, and purchase of a pump for WAGC.

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