Finance

Sustainable revenue strategies and funding options

  • Goal 1: Develop strategies to improve financial sustainability.
  • Goal 2: Seek alternate sources of revenue.

Tactic 1: Improve capital and asset management planning (Completed 2022)

Progress Update

  • Researched and reviewed capital and asset management planning processes at other agencies and innovative practices (Spring 2022)
  • Utilizing the research, began evaluation of current capital and asset management planning process to determine strengths and opportunities for improvement (Spring 2022)
  • Implemented changes to improve process within available resources, including: redesigning the Capital Project Request Form, developing a more detailed long-range capital project spreadsheet to improve the tracking and reporting of future project needs and costs, and using additional evaluation metrics to determine the relative priority of projects (Spring 2022)
  • Utilized redesigned long-range capital project spreadsheet to report and analyze capital project data by project category, park location and facility location for additional transparency of proposed capital project needs and financial and project planning (Fall 2022)

Tactic 2: Communicate the District’s financial condition and future outlook and the resulting impact on the ability to address community priorities (Targeted Completion Date-December 2022)

Progress Update

  • Compiled list of metrics for reporting on the District’s financial condition, future outlook, and benefits provided to the community along with potential methods for communicating data (Spring 2022)
  • Began inventorying available data to begin reporting (or track in the future) and to develop a communications timeline (Spring 2022)
  • Added messaging to relevant District news articles related to taking care of current assets to continue to tell our story (Spring and Summer 2022)
  • Executive Director and Park Board President presented future outlook in the State of the Park District address available on epd.org (Fall 2022)
  • Tactic will continue to be addressed in 2023

News

Posted Friday, October 21, 2022 - 3:09pm

Virtual State of the Park District Address

Ask questions and learn about District projects, accomplishments and future plans at the upcoming Virtual State of the Park District Address at 6 p.m. on Wednesday, November 16.

Posted Wednesday, March 16, 2022 - 3:42pm

Upcoming capital projects to include Eldridge Park playground redevelopment, Courts Plus parking lot and more

Several capital projects received the approval to more forward at the Monday, March 14 Park Board meeting, with projects at Eldridge Park, Courts Plus and the Wilder Park Formal Garden scheduled to

Posted Friday, January 29, 2021 - 11:48am

Park Board discusses proposed 2021 Capital Projects, including demolition of 135 Palmer Drive building

Improvements at the newest District park and expansion of green space are just some of the proposed capital projects District staff is planning for in 2021.

Posted Friday, December 18, 2020 - 12:04pm

Elmhurst CUSD 205 and Elmhurst Park District Finalize Sale/Purchase of the Abbey Property

This week, Elmhurst Community Unit District 205 and Elmhurst Park District finalized plans for the purchase and sale of the property at 407 W. St Charles Road, commonly known as The Abbey.