Wheeling Park District Finances
2006 Comprehensive Annual Financial Report
Each year the Wheeling Park District is required by statute to file a Comprehensive Annual Financial Report. A copy of the 2006 report can be viewed by clicking on the link below.
2006 Comprehensive Annual Financial Report
For more information regarding this report, please contact Elliott Becker, Director of Finance and Business Operations, at ebecker@wheelingparkdistrict.com.
2007 Budget Overview
On January 9, 2007, the Board of Park Commissioners of the Wheeling Park District adopted its budget for 2007. The budget represents the Park District’s fiscal priorities for 2007 operations while continuing to meet its mission “to provide memorable experiences in parks & recreation that enrich our communities.” Furthermore, this budget focuses on the parks and recreation needs of the residents as indicated in the results of the 2005 Communitywide Attitude and Interest Survey. That survey was conducted to provide the Park District direction for the current and short-term future needs of the community.
The Park District continues to operate in an environment with ever increasing financial challenges that are associated with providing parks and recreation to the Wheeling community. Increases in the costs of energy, construction materials and personnel have required the Park District to be more diligent in its cost saving efforts. Couple these challenges with the Park District’s inability to access additional tax dollars due to the tax cap, and the reality becomes that sound financial management is of vital importance.
Despite operating in this challenging financial environment, the Park District has been able to create a budget for 2007 that is essentially the same as 2006. Total expenditures budgeted in 2007 are $14,757,611 (compared to $14,729,645 in 2006). These expenditures include any and all expenses the District will incur for 2007.
The total expenditures will be supported by various revenue sources and previously earned income within fund balances. These revenue sources include, but are not limited to, taxes, program fees, and investment income. A breakdown of the revenue sources, expenditure areas, and relevant tax information is detailed below.
2007 Revenues All Funds
2007 Expenditures All Funds
2006 to 2007 Expenditures Comparison
10-year Comparison of Wheeling Park District Tax Rate
To further meet the needs of the Community, 2007 will see the Park District undertaking a few major capital projects. These projects include new construction as well as replacement and repair to existing facilities. A brief explanation of each is listed below.
Phase II of the Husky Park Reconstruction: Husky Park has undergone some changes in 2006 that were part of Phase I. These changes included the creation of a new sled hill, walking path improvements, and aesthetics enhancements. Phase II will feature the development of a community garden, added site amenities, increased lighting, and new signage.
Expansion of Community Recreation Center Parking Lot: This project will feature a new parking lot adjacent to the CRC’s main entrance, thus providing more convenient parking closer to our facilities. Furthermore, this lot will be designed in a manner that allows for future expansion eventually bringing parking into Heritage Park and closer to our athletic fields.
Tsunami Splash – Splash Pad Replacement: This project will be the replacement of the Splash Pad at the Outdoor Aquatic Center’s Tsunami Splash. This surface has experienced high usage over the years, and in order to provide a safer and more enjoyable experience, a new surface will be installed.
Chevy Chase Roof Replacement:The second part of the repairs to existing facilities is the replacement of the flat roof at Chevy Chase Country Club. Replacement of the flat roof was not part of the 1999 renovation and now, as part of the scheduled maintenance plan, is due for replacement. By following a scheduled maintenance plan, the Park District is protecting its assets for the future.
By being fiscally responsible and conservative in previous year’s operations, the Wheeling Park District has created ways to operate more efficiently which, when combined with expenditure management and revenue enhancements, has positioned the organization to be financially strong. These efforts will pay dividends as we work to live our mission and to achieve our vision to “become the provider of choice in parks and recreation within the communities that we serve.”
Should you have any questions regarding this budget or any other financial matters, please contact the Director of Finance and Business Operations, Elliott Becker, at 847 465-7766.