2021 Budget

The 2021 Budget, adopted by the Wheeling Park District Board of Commissioners, serves as the Park District’s financial guide. The document reflects the Park District’s goal to be effective and efficient with resources and fiscally responsible with tax dollars. The budget complies with the provisions of the Park District Code, as well as the Budget Philosophy and Guidelines of the Board-approved, Fiscal Operations and Business Policies. The total 2021 budget is $17.2 million, a decrease of 20.5% from 2020. From an operating standpoint, the budget has decreased 27.9% or $4,976,704. The aforementioned 27.9% decrease is primarily due to the effects of the COVID-19 pandemic and the limitations on recreation programs and activities. Capital dollars committed in 2021 include the replacement of the playground at Avalon Sienna Park, the Childerley Park redevelopment, along with routine replacements of equipment and mechanical systems to keep the facilities, property and operations functioning.

For all funds, total budgeted revenues (exclusive of transfers and one-time debt issue) are $15.9 million. This is a decrease of 28.4% or $6,324,200 from 2020. Of the existing revenues, 58.1% come from tax sources and 41.9% from non-tax sources such as, program fees, membership fees, daily admissions and rentals. The 2021 budget reflects, as a percent of revenue, a 17.8% increase in tax sources and a 17.8% decrease in non-tax sources from 2020. The tax revenues the Park District receives are independent of any other entity (i.e. Village, County or State) and are generated by residential and business property taxes.

The 2021 budget reflects the objective of efficiently executing Strategic Plan Initiatives, which assists in maximizing the Park District’s return on investment. The tax-per-capita spending on park and recreation services equates to $347 for each of the 42,800 residents the Wheeling Park District serves. The 2021 budget continues to support the District’s philosophy of maintaining existing assets prior to taking on new projects. The five-year Capital Replacement and Improvement Plan (CRIP), approved by the Board of Commissioners in 2020, provides a guide for infrastructure and equipment replacements and improvements. In 2021, the Park District continues to work towards its mission to provide memorable experiences in parks and recreation that enrich our communities.

2021 Revenues


2021 Expenditures


 

Certificate of Achievement for Excellence in Financial Reporting

For the last 16 years, the Certificate Achievement for Excellence in Financial Reporting has been awarded to the Wheeling Park District by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story.