Finance

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 (Targeted Completion Date-July 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 and using additional evaluation metrics to determine the relative priority of projects (Spring 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 developing 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/Summer 2022)

News & Updates

6 months 2 weeks ago

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 be completed this y

1 year 8 months ago

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.

1 year 9 months ago

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.