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r NEED FOR ADDITIONAL FUNDING
<br />The following schedule summarizes the Park Dedication Fees
<br />collected and expended from the time the Park Dedication Fee
<br />Schedule was first adopted in 1976 through the end of 1988. Tt
<br />also shows the current balance in the fund.
<br />PARK FUND
<br />Cash and investments balance at 12/31/88 $117,113
<br />Investment
<br />Int. Earned Total ExpendituresYear Park Fees
<br />1988
<br />1987
<br />1986
<br />1985
<br />1984
<br />1983
<br />1982
<br />1981
<br />1980
<br />1979
<br />1978
<br />1977
<br />1976
<br />1975
<br />Total
<br />Major expend!tiires include the following:
<br />1988 - Well at HacJcberry Park to flood skating rink
<br />1987 -
<br />1984 - Bederwood Park and Summit Beach
<br />1983 - Repay golf course debt
<br />The current size of the fund ($117,000) plus annual
<br />addition of under $10,000 prevent the Park Commission from
<br />undertaking any more than a "maintain and hold" approach toward
<br />the existing park system. Major improvements and enhancements
<br />$ 7,900 $ 8,923 $ 16,823 $ 16,631
<br />6,440 10,368 16,808 32,394
<br />6,950 10,283 17,233 1,884
<br />2,950 11,125 14,075 5,917
<br />11,830 11,744 23,574 15,888
<br />6.290 11,708 17,998 68,834
<br />17,339 17,664 35,003 6,199
<br />5,480 19,268 24,748 7,661
<br />2,89C 9,258 12,148 7,731
<br />10,140 10,515 20,655 7,316
<br />38,781 5,996 44,777 989
<br />37,964 305 38,269 14,398
<br />29,239 142 29,381 2,535
<br />2 ^4S3 2.4*53 —
<br />$186,646 $127,299 $313,945 $188,377
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