ACTION REQUESTED:
Title
Communication from the City Manager and Finance Director/Comptroller with a Request to RECEIVE and FILE the 2015 SPRINGDALE CEMETERY MANAGEMENT AUTHORITY ANNUAL BUDGET.
Body
BACKGROUND: On December 16, 2014, the Springdale Cemetery Management Authority adopted the 2015 Springdale Cemetery Management Authority Annual Budget at the Authority's regular schedule meeting. The attached budget reflects a projected loss for 2015 of ($485,150). In accordance with the intergovernmental agreement, the County of Peoria and the Peoria Park District will contribute $60,000 and $40,000 respectively towards the cemetery deficit, with the City's projected share of the loss being $249,850. The City's 2015 budget and five year projections include a subsidy to the Springdale Management Authority in the amount of $250,000 annually. The attached budget does not include capital expenditures for the cemetery. The City's capital budget includes $60,000 annually for capital expenses relating to the cemetery. The City, County and Park District's subsidies to the cemetery effectively cover the grounds maintenance and facility expenses.
FINANCIAL IMPACT: $250,000 subsidy included in the General Fund budget. $60,000 included in the Capital Fund Budget.
NEIGHBORHOOD CONCERNS: None
IMPACT IF APPROVED: N/A
IMPACT IF DENIED: N/A
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL'S 2014 - 2029 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City Government, Effective City Organization
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: Finance