The 2023 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 2023 budget is $30.3 million, an increase of 35.5% from 2022. From an operating standpoint, the budget has increased 10.6% or $1,759,737. The aforementioned 10.6% increase is primarily due to the 2023 budget reflecting a full year for all operations without the effects of the COVID-19 pandemic and the limitations on recreation programs and activities. Capital dollars committed in 2023 include the Chamber Park redevelopment, improvements to the CRC parking lot, and exterior and roof renovations to Chevy Chase Country Club, 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 $20.8 million. This is an increase of 6.7% or $1,302,764 from 2022. Of the existing revenues, 38.9% come from tax sources and 61.1% from non-tax sources such as, program fees, membership fees, daily admissions and rentals. The 2023 budget reflects as a percent of revenue a 2.0% decrease in tax sources and a 2.0% increase in non-tax sources from 2022. 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 2023 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 $641 for each of the 42,800 residents the Wheeling Park District serves. The 2023 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 2022, provides a guide for infrastructure and equipment replacements, and improvements. In 2023, the Park District continues to work towards its mission to provide memorable experiences in parks and recreation that enrich our communities.
Certificate of Achievement for Excellence in Financial Reporting
The annual comprehensive financial report. 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.