Agenda 04/26/2011 Item #10F
4/26/2011 Item 10.F.
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EXECUTIVE SUMMARY
Recommendation to authorize budget amendments reallocating $4,511,627.84 from
existing growth related projects to Park Impact Fee Fund 346 reserves for future
debt service and other priority Park projects.
Objective: Continue to cover parks and recreation growth related debt service and
provide funding for re-prioritized park projects which may be designated for funding
within the Parks and Recreation master plan.
Considerations: Parks and Recreation continues to avoid loans from the General Fund to
support growth related debt within the Parks and Recreation Impact Fee Fund 346. By
reallocating funding from current projects, the department will continue to make its debt
payments solely from impact fees until, at a minimum, FY 2014.
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Projects associated with Sudgen Park Improvements, Goodland Boating Park and North
Collier Regional Park were completed under budget and have funds remaining in the
respective projects. This plan proposes to remove budget from the Manatee Community
Park and use said funds to cover outstanding debt service and help partially fund
Margood and Eagle Lakes Community Center. Funding for the South Marco Island
Beach Restrooms will be switched to Beach Park Facilities Fund 183 with funding
provided through Tourist Development (TDC) dollars.. Appropriations designated for
Signature Land and Golden Gate Estates will be diverted to debt service reserves as these
projects will be in planning for sometime due to the current economic environment.
The total amount of funding directed to debt service within Parks and Recreation Impact
Fee Fund 346 from the identified projects total $3,790,647 as shown below:
Table I
Project # Current Proposed Reallocation Remaining Budget
Available Bud~et Amount for debt service
80007--Sugden Park $226,915.94 $226,915.94 $0
Improvement General
80122--Manatee Park $2,070,963.21 $1,880,963.21 $190,000.00
80 181-South Marco $49,500.00 $49,500.00 $0
Island Restrooms
80611--Goodland Boating $825,068.18 $306,017.24 $519,050.94
Park
80071 - Boat Ramps $5,005.00 $5,005.00 $0
80038--Signature Land $552,890.00 $552,890.00 $0
80059--Golden Gate $493,032.50 $493,032.50 $0
Estates Park
80602--North Naples $288,253.01 $276,324.07 $11,928.94
Regional Park
TOTAL $4,511,627.84 $3,790,647.96 $720,979.88
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4/26/2011 Item 10.F.
. These recommendations coupled with the current anticipated impact fee revenues will
assure that debt service payments will be covered solely from impact fees at least through
FY 2014.
Of the remaining budget appropriation depicted, staff is recommending that the total of
$720,949.88 be reallocated in accordance with the following table:
Table 2
Project Current Available Recommended Additional
Fundin~ Fundin~ needed for projects
Mar Good Harbor Park $937,100.89 $190,000.00
Bayview Park Phase II $21,241.88 $405,005.00
Immokalee South Park $969,747.15 $0
Goodland Boat Ramp $0.00 $119,050.94
Big Corkscrew Island $419,803.87 $0
Regional Park
North Naples Regional Park $0.00 $6,923.94
Eagle Lakes Community $425,000.00 $0
Park Community Center
TOTAL $ 2,772,893.79 $720,979.88
The following table projects within the Parks and Recreation Impact Fee Fund 346,
. impact fee revenues as well as fund balance offset against debt service:
Table 3
FYll FY12 FY13 FY14 FY15
Carryforward of $3,240,400 $5,658,247 $4,074,747 $2,500,084 $976,011
available funding
Reallocated $3,790,647 $0 $0 $0 $0
funds
Projected * $1,700,000 $1,528,000 $1,557,337 $1,586,927 $1,619,459
Impact Fee
Revenue
Less Impact Fee $3,072,800 $3,111,500 $3,132,000 $3,111,000 $3,105,000
Debt Service
Payment
TOTAL Fund
Balance $5,658,247 $4,074,747 $2,500,084 $976,011 ($509,530)
Surplus/(Deficit)
* The FY 2011 figure is based on five months actual impact fee collections plus seven months estimated activity. FY
2012 figure was calculated by starting with the FY 2011 total and decreasing the impact fee revenues by 4.7% for
Community Parks and 11.9% for Regional Parks. Population growth was also considered in the above totals. In the
AUIR, FY12-FY14 anticipated growth is expected at 1.9% and 2.05% in FY 15.
Le!!al Consideration: The County Attorney's Office has reviewed and approved this
item for form and legal sufficiency.
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4/26/2011 Item 10.F.
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Fiscal Impact: Budget Amendments are required in order to accomplish the movement
of dollars recommended with this Executive Summary.
Growth Manaeement Impact: Parks associated with these shifts are inventoried in the
growth management plan.
Recommendation: That the Board of County Commissioner authorizes all necessary
budget amendments required to accomplish the movement of funds to continue to cover
future debt service and to provide funding to priority projects as identified by the Board.
Submitted by: Marla Ramsey, Public Services Administrator
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4/26/2011 Item 10.F.
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COLLIER COUNTY
Board of County Commissioners
Item Number: 10.F.
Item Summary: Recommendation to authorize budget amendments reallocating
$4,511,627.84 from existing growth related projects to Park Impact Fee Fund 346 reserves for
future debt service and other priority Park projects. (Marla Ramsey, Public Services
Administrator)
Meeting Date: 4/26/2011
Prepared By
Name: AlonsoHailey
Title: Administrative Assistant,Domestic Animal Services
4/19/2011 9:43:07 AM
Submitted by
. Title: Administrative Assistant,Domestic Animal Services
Name: AlonsoHailey
4/1912011 9:43:09 AM
Approved By
Name: AlonsoHailey
Title: Administrative Assistant,Domestic Animal Services
Date: 4/19/201110:17:23 AM
Name: WiIliamsBarry
Title: Director - Parks & Recreation,Parks & Recreation
Date: 4/19/2011 1:22:36 PM
Name: RamseyMarla
Title: Administrator, Public Services
Date: 4/19/20112:46:37 PM
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Name: GreeneColleen
Title: Assistant County Attorney,County Attorney
Date: 4/19/2011 4:44:39 PM
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4/26/2011 Item 10.F.
Name: KlatzkowJeff
Title: County Attorney,
Date: 4/20/2011 1 :44:20 PM
Name:lJsherSusan
Title: Management/Budget Analyst, Senior,Office of Manage
Date: 4/20/2011 3:02:48 PM
Name: IsacksonMark
Title: Director-Corp Financial and Mgmt Svs,CMO
Date: 4/20/2011 3:24:43 PM
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