Financial Information
Fiscal Year 2023-24 Budget Summary
The Fiscal Year (FY) 2023-24 Operating and Capital Improvement Program (CIP) Budgets for the Livermore Area Recreation and Park District (LARPD) reflect a focus on the needs of the community we strive to serve. Innovative and popular youth, adult, and senior programs offered in well-maintained facilities and open space areas form the foundation for our annual budgeting effort.
The District’s ongoing operations will result in a positive Net Operating Contribution (Revenue less Expense, excluding CIP outlays) of $0.4 million in FY23-24. The Operating Budget that is proposed for FY23-24 reflects total Revenue of $24.0 million, up from $22.6 million in FY22-23.
Our FY23-24 Budget will add $0.4 million to our Reserves. A playground replacement program will commence in FY23-24 that will be funded by the District’s Deferred Maintenance fund, with upgrades planned for the Ida Holm and Jack Williams playgrounds. The General Fund will be relied upon to fund several Operating Capital projects, including replacing the natural turf field at Robertson Park and several facilities-focused improvements at ESS sites and at the Robert Livermore Community Center.
AB1600 developer fee-based funds for capacity-enhancing projects will be used to complete a bike “pump track” at Sunken Gardens in the Fall of 2023, build an amphitheater and a new restroom at Sycamore Grove Park, replace playground equipment, and enhance accessibility at Bill Clark Park, and add shade structures at various parks.
In summary, the District’s FY2023-24 Budget reflects our ongoing pledge to enhance the programs and services we offer continually and to do so in well-maintained facilities. It is our privilege to serve the residents of our community, and we will operate accordingly.