Financial Information
Fiscal Year 2024-25 Budget Summary
The Fiscal Year (FY) 2024-2025 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 on-going operations will result in a positive Net Operating Contribution (Revenue less Expense, excluding CIP outlays) of $136,893 in FY24-25. The Operating Budget for FY24-25 reflects total Revenue of $24.78 million, up from $23.92 million in FY23-24.
The District plans to continue its playground replacement program in FY24-25 using its Deferred Maintenance fund. In FY24-25, Tex Spruiell and Mocho Park will have receive playground equipment replacements. In FY23-24, playground equipment replacements were done at Ida Holm, Jack Williams, and Bill Clark Park as a part of the playground replacement program using Deferred Maintenance Funds as well as Restricted Funds.
In addition to the playground equipment replacements that will be done in FY24-25, the District also plans to complete the Sunken Gardens Bike Pump Track, the restroom at the Sycamore Grove picnic area, and an amphitheater at Sycamore Grove. These projects will be made possible using AB1600 developer fee-based funds for capacity-enhancing projects.
In summary, the District’s FY2024-25 Budget reflects our on-going pledge to continually enhance the programs and services we offer and to do so in well-maintained facilities. It is our privilege to serve the residents of our community and we will operate accordingly.