Finance

Sustainable revenue strategies and funding options

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

Tactic 1: Continue communicating the District’s financial condition and future outlook

Project Started

Targeted Completion Date-December 2023

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 2: Seek alternate revenue sources to fund Vision 2020 capital projects

Project Started

Targeted Completion Date-December 2024

Progress Update

  • District applied for and was awarded a State Open Space Lands Acquisition and Development (OSLAD) Grant for $340,300 to fund half of development cost ($680,600 total) at Pick Park (Spring 2023)

News

Elmhurst Park District staff and Park Board with State Senator Suzy Glowiak-Hilton
Posted

State grant brings funding to update KRC kitchen and flooring

This month, the Elmhurst Park District was thrilled to receive news that State Senator Suzy Glowiak-Hilton secured a $250,000 grant from the State of Illinois for upgrades to the

Pick Park
Posted

Elmhurst Park District to build new park with the help of state grant

Today Governor Pritzker announced the Elmhurst Park District was a recipient of an Open Space Land Acquisition and Development grant in the amount of $340,300 to be used to fund half the cost of the planned $680,000 development of a brand-new park in the Pick Subdivision called Pick Park. The Park District anticipates completing design development and engineering this year with construction beginning and the new park opening in 2024.

State of the Park District
Posted

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.