Sparked from the recent news of $2.5 million of funding being dropped for the Park District’s Activity Center, Vice President Ron Ory called for a 10-year financial plan and overview of their budget.
After a discussion and detailed overview of the finances, the numbers showed that the Park District is still in good shape, despite the dropped funding.
“Conservative management, having reserves, still will support a triple A bond rating. It won’t impact our Activity Center Project, and won’t impact current projects other than the deferral of the Eatery,” said Sue Stanish, Finance Director with the Naperville Park District.
In looking closer at the plan for the roughly $24 million Activity Center Project, even more news came about for the board.
“At this time as a Park District for the Fort Hill Activity Center, $400,000 under budget. That’s under the $24 million number discussed in 2014,” said Eric Shutes, Director of Planning with the Naperville Park District.
The activity center is set to break ground on April 9 and will feature a large gymnasium space, a fitness area and a café.
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