Metropolitan Park District of the Toledo Area 2017 Budget Mission The mission of Metroparks of the Toledo Area is to conserve the region’s natural resources by creating, developing, improving, protecting, and promoting clean, safe, and natural parks and open spaces for the benefit, enjoyment, education, and general welfare of the public. Vision To preserve and protect the Natural Heritage of Northwest Ohio. 2017 Metroparks Toledo Budget Page 2 TABLE OF CONTENTS INTRODUCTION AND OVERVIEW ...................................................................................................................................................... 6 Transmittal Letter ....................................................................................................................................................................................... 7 Board of Commissioners and Executive Director ..................................................................................................................................... 8 Strategic Plan ............................................................................................................................................................................................... 9 2016 GFOA Award .................................................................................................................................................................................... 11 Executive Summary ................................................................................................................................................................................... 12 FINANCIAL STRUCTURE, POLICY AND PROCESS ....................................................................................................................... 15 Organizational Chart ................................................................................................................................................................................ 16 Chart of Accounts ...................................................................................................................................................................................... 17 Fund Descriptions ...................................................................................................................................................................................... 17 Budget Process ........................................................................................................................................................................................... 20 Budgetary Basis ...................................................................................................................................................................................... 21 Financial Policies........................................................................................................................................................................................ 22 Reporting Entity ...................................................................................................................................................................................... 22 Basis of Presentation - Fund Accounting .............................................................................................................................................. 22 Budgetary Process ................................................................................................................................................................................... 22 Cash and Investments ............................................................................................................................................................................. 23 Investments.............................................................................................................................................................................................. 23 Capital Assets and Depreciation ............................................................................................................................................................. 23 Debt ......................................................................................................................................................................................................... 23 Fund Balance .......................................................................................................................................................................................... 24 Purchasing .............................................................................................................................................................................................. 24 Earned Revenue ...................................................................................................................................................................................... 25 Multi-Year Forecast with Fund Balance.................................................................................................................................................. 26 Revenue Sources ........................................................................................................................................................................................ 29 Property Tax Revenue ............................................................................................................................................................................. 29 Intergovernmental Revenue ................................................................................................................................................................... 29 Program Revenue ................................................................................................................................................................................... 29 Investment Revenue ................................................................................................................................................................................ 29 Other Revenue ......................................................................................................................................................................................... 29 Capital Revenue ......................................................................................................................................................................................... 30 Estimated Resources All Funds ................................................................................................................................................................ 30 2017 Metroparks Toledo Budget Page 3 Certificate of Estimated Resources with Fund Balances....................................................................................................................... 30 Earned Revenue ......................................................................................................................................................................................... 34 Earned Revenue Estimates ........................................................................................................................................................................ 35 Earned Revenue Fees Schedules ............................................................................................................................................................... 36 EXPENDITURES ...................................................................................................................................................................................... 42 Expenditure Object Appropriations ........................................................................................................................................................ 43 Personnel Services .................................................................................................................................................................................. 43 Fringe Benefits ....................................................................................................................................................................................... 43 Materials and Supplies ........................................................................................................................................................................... 43 Utilities .................................................................................................................................................................................................... 43 Services .................................................................................................................................................................................................... 43 Capital Outlay ......................................................................................................................................................................................... 43 Other Expenditures ................................................................................................................................................................................. 43 Other Financing Uses ............................................................................................................................................................................