At the latest Park District board meeting, members conducted their 2015 midyear review and looked ahead to a 2016 budget. While some of Naperville’s outdoor venues have felt the impact of June gloom, the district’s revenue and budget continue to stay safe and dry.
The 2015 Capital overview suggests the park district will come in $1.7 million below budget on the new recreation center with $18.9 million projected at year-end. This excess budget is due to weather related delays in construction, which will be redistributed as the project continues.
And although weather is difficult to predict, it’s not stopping the park district from adapting and budgeting for 2016.
Naperville Park District Director of Finance, Sue Stanish said, “The community actually helped drive what the rec space would be and then in that same plan we were, in the back of our minds, working on financing plans so we could build the facility without having to go out for any special referendum debt. So, the package came together very nice, not only financially, but with the community support in helping to design what was actually going to go into the facility.”
Their next scheduled board meeting is August 13.
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