The Island Park District could spend nearly $1 million in the fiscal year that began May 1 if it approves the budget that has been presented for public review.
More than half of the expenditure is in the capital projects fund, reflecting cash in lieu of property tax impact fees due the district with the development of the RidgePort Logistics Center. Ridge Property Trust will be presenting about $225,000 to the district as soon as it pulls a permit to build the Michelin facility.
That $500,000 line item also appeared in last year's budget documents; those funds were neither received nor spent.
Park Director Renee Chavez reports that the Board of Commissioners has not yet approved a project that will require using those funds.
Minus the capital improvement fund, this year's projected budget totals $417,470, more than $105,000 over the budgeted expenditures of fiscal year 2014, which ended April 30.
Like many taxing bodies, salaries and related costs are the district's biggest expenses. This year, salaries paid by the Island Park District will increase $86,647, for a total of $208,888. Last year the board budgeted $122,241 for salaries.
The district is budgeting almost $5,000 less for health insurance, not making any adjustment in the $15,000 it budgets for unemployment insurance, adding about $1,500 to what it pays for staff pensions for a total of $15,000, and making no change in what it expects to pay into Social Security.
Some of the more obvious expenses related to the fitness center are budgeted in the recreation fund, where expenditures are projected at more than double what was budgeted last year.
For more details, read the Wednesday, June 4, 2014 print and online editions of The Free Press Advocate.