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• History of PFR revenue shortfalls to 1999 - 2005

Part of Cost Recovery- Parks Operating Budget

STAFF REPORT
June 21, 2005
To: Economic Development and Parks Committee
From: Brenda Librecz, General Manager, Parks, Forestry & Recreation
Subject: Parks, Forestry & Recreation Revenue Review – Phase II
All Wards

Parks, Forestry & Recreation Revenue Review – Phase II, All Wards

Purpose:

To report on the revenue review of the Parks, Forestry and Recreation in consultation with the Chief Financial Officer and Treasurer as directed by Council that a comprehensive review of revenue types be done prior to the consideration of the 2006 Budget.

Financial Implications and Impact Statement:

Parks, Forestry and Recreation received a one-year adjustment of $2.5 million in its 2005 Operating Budget to address the revenue shortfall as a result of Welcome Policy.

Further analysis provided by this report showed that the anticipated revenue shortfall as a result of Welcome Policy would be $3.25 million in 2006. Based on current service provision costs, $3.25 million will be required to continue to operate the Welcome Policy in 2006. This budget pressure will be incorporated into the program’s 2006 operating budget submission.

The Deputy City Manager/Chief Financial Officer has reviewed this report and concurs with the financial impact statement.

Recommendations:

It is recommended that:
(1) Parks, Forestry and Recreation undertake Phase III of the Revenue Review that focuses on key revenue shortfall areas -- recreation program offerings, golf, ferry, and concessions, leases and agreements – for the purpose of developing remedial business strategies that include costing models, pricing thresholds and new revenue opportunities, as well as reflect the policy framework regarding user fees;

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