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7B - 2004 Parks and Recreation Capital Improvement ProgramDO NOT REMOVE - PRAB File Matenal ,.~., CITY OF BOULDER :,,,~, PARKS AND RECREATION ADVISORY BOARD AGENDA ITEM MEETING DATE: APRIL 28, 2003 (Agenda Item Prepazation Date Apnl 18, 2003 ) ~- `.... AGENDA TITLE: 2004 Pazks and Recreation Capital Improvement Program REQUESTING DEPARTMENT: Jan Geden, CPRP, Director of Pazks and Recreation Jeff Lakey, Supenntendent of Pazks and Recreahon Plannmg and Development Kate Bemhazdt, Associate Parks Planner Julya Br.'3gewater, Adnumstrauve Finance D~rector Chuck McElwazn, Fmancial Analyst FISCAL IMPACT: The 2004 Capital Expenditure budget total is $1,573,000 PURPOSE: This is an opportumty for the Board to provide advice to the Department on the Parks and Recreahon 2004 Capital Expenditure Budget and specifically the Capital Improvement Plan (C1P) Staff will consider the Board's comments and retum to the Boazd m May for presentation, review, and approval of the CIP. Tlus CIP will be forwarded to the Planmng Boazd and City Council for review and respect~ve approvals While the PRAB approval addresses specific pro~ects for 2004 only, a six-year pro~echon is shown to provide a more comprehensive view of long range planning goals. F:T[$:{e! :~~II~~ ~ There are two components of the department's capital expenditure budget. 1 Capttal Improvement Program (CIP) Capital improvement pro~ects are defined as any ma~or pro~ect requinng the expenditure of ~ pubhc funds for the purchase, construction, or replacement of the physical assets of the commumty. Typ~cally these aze pro~ects exceedmg $SQ000. These pro~ects aze budgeted m the AGENDA ITEM N VII-B ; PAGE 1 City of Boulder Capitai Improvement Program Budget. '~R* ~ 2. Renovanon, refurbishment, and ma~or maintenance These are improvements to existmg caprtal assets. These pro~ects aze budgeted as part of the City of Boulder Operahng Budget See Aaachments A-1, A-2,and B Attachment A-1 shows the proposed Departmental Cap~tal Expenditure Budget, 2004 submrsseon next to rhe 2003 submission A-2 summartzes the changes from 2003 to 2004. Attachment B shows the 2004 capital budget informatton tn a bar graph fornaat In all cases, the blue fgures represent changed items (up or down), the black figures represent unchanged items from 2003 to 2004 Please note that the second line of "A" shows no fundtng for court refurbtshment ~n 2003 Thts is an error zn the presentat:on of the CIP in 2003. The money actuatly was allocated in the 2603 budget as $60,000 per year, so there :s no change en thts ttem for 2004 Please also note that the apparent reducttan m the amount for Flatzrons Golf Course ts not [ruly a reductton It is a recogratzon of amounts actually spent ~n 2003. Capital Expenditure Funding Sources The revenue sources and uses for the Capital Expenditure Budget are from the followmg funds Permanent Pazks and Recreation Fund ~ Source 0.9 null levy of assessed valuation of all taacable property m the city, gifts and ""~ donations, proceeds of sale of pazk property or equipment, any appropnatrons from Council, revenues from a one time fee assessed on each new residenaal umt constructed m or annexed to the city with the excepuon of affordable housmg umts Use: Acquisihon of pazk land or permanent improvement of pazk and recreation facihhes 1995 Ballot Issue 25 Cent Sales Tas and Bond Funds Source. 25 cent sales taac approved by ciuzens m 1995 Use: Payment of pnncipal, mterest, and prenuum m any, on .. bonds, and then for development, operahon, and mazntenance of the land and improvements purchased and constructed with the proceeds of the bonds, for renovanon and refurbishment or replacement of pazk and recreation facilmes Lottery Fund Source: Distrtbut~on of the Lottery proceeds is managed by the Colorado State Conservauon Trust Fund on a per capita basis Use• Lottery funds may be used for wide range of pazk and recreation and open space types of pro~ects rangmg from active recreauon to preservahoa of natural areas ~ See Attachment C. This bar graph shows the conm6ut~on of each fund to the total Capuat Expendtture Budget. The graph poinrs out that the deparhnent relies heavaly on sales tax AGENDA ITEM # VII-B ; PAGE 2 ,.M-~- revenues to fund capital spendtng. In time of decl:nzng sales tax pro~ect~ons, capetal spendtng r.. wtU be reduced. Parks and Recreation Capital Projects and the Approved Master Plan The Parks and Recreation Cagital Expenditure Budget is designed to address the recommendatrons of the Approved Pazks and Recreauon Master Plan. Progress has been made over the past six yeazs m achievmg the Master Plan recommendations as a result of the fundmg provided by the 1995 ciazen approved ballot issue .25 cent sales tas. Approximately $25,580,297 has been mvested m Pazks and Recreation capital pro~ects, property acquisition, planmng, new development, and refurbishment pro~ects smce 1996, not mcludmg the on-gomg payment of debt service for the bond funds See Attachments D and E These bar charts show the actual spendmg compared to the pro~ected amounts set forth to support the 1995 ballot questton. The spend~ng ~s d~str~buted between the Bond Fund wh~ch accounts for spend~ng of bond proceeds and the 25 cent Sales Tax Fund whzch accounts for the spendang of the annual tax revenue collect~ons. The seven-year oudget pro~ection for the Capital Expenditure Budget will focus on the four work azeas below. Urban Pazk Renovahon and Refurbishment. such as • complete refurbishment of older park ungation systems to improve efficiency of watec use and to reduce mamtenance requirements `" • mstallauon of a master control computer for the Crty's entue Pazks and Recreat~on system to provide refined conuol of multiple park imgation systems m response to daily weather conditrons • complete refurbishment of older playgrounds to improve function and to address safety and accessibihty requirements • repair and upgrades to walks and pazkmg areas Recreation Facihty Renovation and Refurb~shment, such as. • yearly refurbishment of hard surfaced play courts building or recreauon facility renovahon pro~ects managed by the Facihty Asset Management Group Habitat Restorahon • Staff pro~ects to restore habitat and manage healthy animal populauons, lazgely at ttus time includmg praine dogs Capital ImDrovement Pro~ects (CIPI • Commumty pazk development Phase 2A (8 acres) at Footkulls Commumty Park (Construc[ion documents will be completed tlus yeaz. The pro~ect wtll not be bid for ~ construchon until adequate fundmg is available for maintenance). • Commumty pazk development at East Boulder Commumty Pazk (15 acres) AGENDA ITEM N VII-B ; PAGE 3 • Development of neighborhood and pocket parks • Improvements at the Flatirons Golf Course • Street and uuhty improvements for 63rd and Butte Mill Dnve ad~acent to Stazio Ballfields • Pubhc art as a component of the pazk development pro~ects hsted above • Acquisition of pazk property (as funding and resources allow) • Acquisihon of a portion of the Tom Ben~anun property for Valmont City Pazk • Payment of debt service for existmg park acquisihons Budget Changes and Issues 25 Cent Sales Taac Revenue Pro~echon Chan~e Staff received updated sales tax pro~ections m February and Apnl A total sales tax revenue reducuon of $3,528,962 is required over the next five yeazs In ahgnment with the pohcy direction idenhfied durmg the Boazd's review last yeaz of the 2003 CIP, staff has addressed these budget reductions through a focus on retaznmg fundmg for mazntenance and refurbishment of the existmg pazk and recreation system while delaymg development of new parks or recreation facilities ~ ~ To that end, the proposed CIP reduces fundmg for fumre pazk or recreahon facihty development and land acquisihon pro~ects AddIIional reduchons were idenhfied m the azeas of• ~ ...+' Recreatton facalary expans~on and renovaaons. The department has apphed sales tax fundmg over the past seven years to complete ma~or renovahons of the South Boulder Recreahon Center, North Boulder Recreahon Center, Salberg Shelter, a~d Spruce Pool Havmg accomphshed most of the ma~or recreat~on facihty pro~ects wittun the first seven yeazs of the sales tas penod, it is appropnate to fows expenditures on other pazk development needs idenhfied m the sales tax ballot language Refer to Attachment E Ben~amin S~te acquisinon Over the past seven yeazs, staff has worked with Mr Ben~amm to identify a mutually acceptable solution to acquire tus site and buildmg Imtial reseazch focused on providmg Mr Ben~aaun with mdustnal buildmg sites on pazk property, either at Valmont City Pazk or Stazio Ballfields, as part of an exchange required to purchase lus buildmg. Staff has updated the Boazd on the results of these explorations, none of wkuch produced an acceptable solution. A more procrosmg soluuon has been idenufied to purchase an easement across the southem portion of the Ben~anun srte, wh~ch will provide the desued connechvity for future development of pazk property abutttng his srte Negotiations for the easement will also mclude a request to procure the first nght of refusal to allow the City to purchase the property m the future, if it becomes avazlable The proposed easement and first nght of refusal cost will be less than the anticipated purchase amount for site, therefore fundmg reduct~ons are proposed for ttus item m the CIP ~"~q AGENDA ITEM S VII-B ; PAGE 4 ,,... Attachment F detaels the reductian in cap~tal expenditures by ma~or category due to the rev~sed ~,,,, sales tar pro~ections Changes in the Current CIP Budget Relocation of Exisung Facilrties Staff is recommendmg that the $1,000,000 identified for Relocatron of Elcisting Facihties (Pazk Operauons complex m Valmont City Pazk) m the Approved 2003 CIP be changed to address a defened requirement to construct roads and utihties ad~acent to Stazio Ballfields The Stazio road and utiltty pro~ect was identified dunng the discussion of the 2003 CIP In con~uncuon wrth the immment annexahon of the Westem Disposal sIIe, east and south of Stazio, the Parks and Recreahon Department will be required to fund road and uality improvements ad~acent to the ballfield property These development requirements were deferred dunng the ballfield complex development m the 1990s This mfrastructure work is eshmated to cost $900,000 to $1,000,000. It is appropnate to move fundmg from the Relocat~on of Exisfing Facilities at Valmont Ciry Pazk to the Stazio Ballfield road and unhty pro~ect m view of the fact that Valmont Crty Pazk development is not anhcipated m the area of the Pazk Operations Facihry m the near future Yeazs 2006 - 2009 Funding has been identified m the yeazs 2006-2009 for the completion of East Boulder Commumty Pazk, Footkulls Commumty Pazk, and for proceedmg with Neighborhood and Pocket Pazk Development The funding idenufied for the commumty pazk developmen[ will provide --- mult~-purpose play fields, a practice baseball field, tenms and racquetball courts, and dog pazks, '.,,,,, m ahgnment with the recommendations of the 2002 Needs Assessment The funding idenrified for the neighborhood and pocket pazk sites wIll support progress m development of 13 undeveloped neighborhood and pocket pazks. Future Funding Lssues Proposed LightmgOrdinance The Planmng Boazd and City Council aze reviewmg a proposed hghtmg ordmance Tkus ordmance is designed to reduce the amount of energy requued to sustam lighhng systems, to improve safety associated with lighting m specific use azeas, and to reduce hght polluuon (light spillover or glare beyond the use area for which the hghUng is intended) In addit~on to new construction, the ordmance is designed to address exist~ng development. If passed, all elements of exishng lighung systems will need to be replaced that do not meet the standazds of the new ordinance The draft ordmance proposes a 15-yeaz amortlzation penod, however the Plamm~g Boazd has asked staff to teview an 8-yeaz amortization penod. Pazks and Recreation staff have completed an mventory of pazk and recreahon facihty outdoor lighung along with a prehnunary evaluaaon of the fundmg requirements to upgrade these exisang hghtmg systems to meet the currently proposed ordmance standazds The mrtial mimmal cost estimate is roughly $1.5 [o $2 aulhon m 2002 dollars, assunung that Stazio Phase 1 and 2 would meet the ordmance standazds without replacements. A more comprehensive evaluation would require assistance of a lighnng engmeer and addinonal hme. Ttus esumate does not ~ mclude Pazks and Recreation Sales Tax funding for upb ades to light~ng systems that are attached to recreation buildings This fundmg is managed by Facility Assets Management (FAM). No AGENDA ITEM N VII-B ; PAGE 5 fundmg has been idenhfied m the current CIP to address tlus potenhal expenditure ~ Drought Im~act Restoration As the drought cycle shifts away from the extreme (once m three hundred yeaz) drought conditions expenenced m 2002, staff will complete a more comprehensive evaluat~on of damage to exishng pazk and athletic fields and provide a recommendadon for restoratron. No caprtal fundmg has been ident~fied m the current CIP to address tkus anhcipated need Undated Pazks and Recreauon Master P1an It is anticipated that the update of the Pazks and Recreation Master Plan m 2003 and 2004 will idenufy unfunded pro~ects. ANALYSIS The 2004 Capital ExpencLture Budget reflects decreases m the pro~ected sales taac revenues for Pazks and Recreahon capital expenditure pro~ects. As a pohcy response to tlus, the proposed 2004 Capital Expenditure Budget conunues to retam fundmg levels for mamtenance, refutblchmPnt, an~l TPr_ovahon of exisnng Park and Recreation property and faciliues. The reductxons pnmanly occur m fundmg for new capital pro~ects The Capital Expenditure Budget will be ad~usted annually to reflect future fundmg levels As the mformahon m this item shows, the Department rehes very heavily on the 0 25% sales tax for park and recreahon renovanon, capital construcuon, and mamtenance acuvities. Without tYus fundmg source, the character of the department would be radically altered m a depleted way The ~ 0 25% fundmg source "sunsets," or goes enhrely away as of the end of 2015 While that sounds `~ comfortably distant, it is worth considenng soon how this department will accomphsh commumty goals and provide services m the future, pazUwlazly mvolvmg the need to permanently mamtain a lazge number of pazks acquired and developed under a fin~te fundmg source PUBLIC COIVIIIRENT AND PROCESS The public will have an opportumty to review and comment on the Pazks and Recreation CIP at the Apnl and May boazd meehngs, and at futuce Planntng Board and City Council CIP review meehngs. STAFF RECOMINiENDATIONS Staff is requesring the boazd's comments on the proposed CIP at tlus time. Staff will return to the board m May for final approval of the CIP as an Acuon Item. Attachments: ATTACHMENT A1 • Capital Expendimre Budget by Ma~or Category 2004 and 2003 Submissions (Table) ATTACHMENT A2 Changes m Capital Expenditures by Ma~or Category (Table) „~,,,, ATTACHMENT B Capital Expenditure Budget by Ma~or Category (Graph) AGENDA ITEM ~ VII-B ; PAGE 6 ,,.., ATTACHMENT C Capital Expenditure Budget by Fundmg Source ~``" ATTACHMENT D Spendmg On The 25 Sales Ta1c Bond Fund-1996 to 2002 ATTACHMENT E. Spendmg on the 25 Sales Tax Fund 1996-2002 ATTACHMENT F Revised Sales Tax Pro~ections- 25 Sales Tax Fund ,.,~ ~...- {"` ~ ~ AGENDA ITEM # VII-B ; PAGE 7 City of Boulder Parks and Recreation Department Capital Expenditure Budget By Major Category Capital Operating Expenditures Renovation and Refurbishments Art in the Park Court Refurbishment Habitat RestoratioNPrairie Dog Urban Parks R & R Recreation Facility R & R TributarylGreenways Facility and Asset Management Sub Total Histarical and Cultural Civic Center Complex Capital Improvement Projects Foothills Community Park Fiatiron Golt Course Neighborhood & Pocket Park Development Land Acquisition Recreation Facility Impr~vements East Boulder Community Park Relocation of E~tisting Facilities Stazio Road 8 Utility Improvements Sub Total Debt Service Transfers/Cost Allocation Grand Total 2004 SUBMISSION 2003 2004 2005 2006 2007 2008 2009 Budqet Budqet Budaet Budqet Bud et Budpet Budqet 664,000 683,000 703,000 723,000 744,000 765,000 788,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 60,000 60,000 60,000 60,000 60,000 6Q000 60,000 110,000 110,000 110,000 110,000 110,000 178,000 178,000 392,000 449,000 456,000 463,000 470,000 478,000 486,000 152,000 128,000 225,000 247,000 269,000 266,000 271,000 150,000 150,000 150,000 150,000 150,000 15Q000 150,000 388,000 400,000 412,000 424,000 437,000 450,000 464,000 1,277,000 1, 322,000 1,438,000 1,479,000 1,521,000 1,607,000 1,634,D00 50,000 50,000 50,000 - 50,000 50,000 50,000 48,000 48,000 75,000 75,000 75,000 75,OQ0 75,000 1,578,000 223,000 50,000 100,000 - • 500,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 400,000 290,000 200,000 100,000 547,000 547,000 547,000 • • - - 100,000 100,000 100,000 - - - 581,000 385,000 142,000 - - • 6Q0,000 700,000 700,000 700,000 700,000 - 1,000,000 • - • - - 2,038,000 1,573,000 910,000 1,541,000 1,792,000 1,549,000 1,907,000 2,751,000 2,754,000 2,784,000 2,740,000 2,734,000 2,592,000 2,422,000 186,000 184,000 189,000 194,000 199,000 204,000 209,000 7,014,000 6,614,000 6,149,000 6,752,000 7,115,000 6,842,000 7,085,000 Lines highlightetl in blue indicate a change befween the 2004 and 2003 submissions ~ ATTACHMENT A-1 2003 SUBMISSION 2003 2004 2005 2D06 2007 2U08 Budget Budget Budget Budget Budget Budget 570,000 588,000 606,000 625,000 635,000 645,OOQ 25,000 25,000 25,000 25,000 25,000 25,OOQ 81,000 81,000 80,000 81,000 80,000 80,OOQ 392,000 449,000 456,000 463,000 470,000 478,000 228,000 231,000 334,000 363,000 385,000 382,000 150,000 150,000 150,000 150,000 150,000 150,000 398,000 418,000 439,000 461,000 461,00~ 461,000 1,274,000 1,354,000 1,484,000 1,543,000 1,571,000 1,576,000 50,000 50,000 50,000 - 50,000 50,000 48,000 48,000 75,000 75,000 75,000 75,000 1,578,000 223,000 50,000 100,000 - - 130,000 130,000 130, 000 130,000 130,000 130,000 400,000 400,000 400,000 150,000 847,000 847,000 - - - - 100,000 100,0~0 • - - 730,000 1,072,000 922,000 - - 600,000 700,000 700,000 - • 1,000,000 - - - - 2,1~8,000 1,753,OD0 1,180,000 1,810,000 2,849,000 1,999,000 2,751,000 2,754,000 2,784,000 2,740,000 2,784,000 2,777,000 215,000 221,000 228,000 235,000 242,000 249,000 7,016,000 6,768,000 6,407,000 7,028,000 8,206,000 7,371,000 AGENDA ITEM # VII-D, PAGE 8 ~ ATTACHMENT A-2 City of Boulder Parks and Recreation Department Chan qes In Caqital Expenditur e Budqet Bv Maior Cate qorv Changes Between Years 2003 2004 2005 2006 2007 2008 Total Budget Budget Budget Budget Budget Budget Changes Capital Operating Expenditures 94,000 95,000 97,000 98,000 109,000 120,000 613,000 Renovation and Refurbishments Art in the Park - - - - - - Court Refurbishment 60,000 60,000 60,000 60,000 60,000 60,000 360,000 Habitat Restoration/Prairie Dog 29,000 29,000 30,000 29,000 30,000 98,000 245,000 Urban Parks - - - - - - - Rec Facility R & R (76,000) (103,000) (109,000) (116,000) (116,000) (116,000) (636,000) Tributary/Greenways - - - - - - - Facility and Asset Management (10,000) (18,000) (27,000) (37,000) (24,000) (11,000) (127,000) Sub Total 3,000 (32,000) (46,000) (64,000) (50,000) 31,000 (158,000) Historical and Cultural Civic Center Complex Capital Improvement Projects Foothills Community Park Flatiron Golf Course Neighborhood & Pocket Park Development Land Acquisition Recreation Facility Improvements East Boulder Community Park Relocation of Existing Facilities Stazio Road & Utility Improvements Sub Total Debt Service Transfers/Cost Allocation (70,00~) (70,000) (70,000) (70,000) (70,000) (70,000) (420,000) - (110,000) (200,000) (50,000} (300,000) (300,000) (960,000) - - - (149,000) (687,000) (780,000) (1,616,000) - - - - - 700,000 700,000 - (1,000,000) - - - - (1,000,000) - 1,000,000 - - - - 1,000,000 (70,000) (180,000) (270,000) (269,000) (1,057,000) {450,000) (2,296,000) (50,000) (185,000) (235,000) (29,000) (37,000) (39,000) (41,000) (43,000) (45,000) (234,000) Grand Total (2,000) (154,000) (258,000) (276,000) (1,091,000) (529,000) (2,310,000) Lines highlighted in blue indicate a change between the 2004 and 2003 submissions AGENDA ITEM # VII-D, PAGE 9 ~ . 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 City of Boulder Parks and Recreation Department Capital Expenditure Budget By Major Category 2003-2009 ATTACHMENT B ~ 2003 ~ ~ 2004 ~ 2005 ~ 2006 j 2007 2008 ' 2009 ^ Transfers/Cost Allocation r ' 186,000 . - -- 184,000 + 189,000 , 194,000 ~ 199,000 204,000 209,000 ~ ~ Debt Service , 2,751,000 - 2,754,000 - 2,784,000 ~~ 2,740,000 ~ 2,734,000 ~ 2,592,000 - 2,422,000 - ^Capital Improvement Projects i 2,108,000 1,573,000 910,000 , 1,541,OU0 i 1,792,000 1,549,000 1,907,000 ^ Civic Center Complex ~, 48,000 48,000 75,000 75,000 75,000 75,000 75,000 ^ Historical and Cultural 50,000 ~ 50,000 50,000 ~ - 50,000 ~ 50,000 50,000 ^ Renovation and Refurbishments , - 1,277,000 1,322,000 ' ; 1,438,000 -- - 1,479,000 - -. 1,521,OOD 1,607,D00 . 1,634,000 , ~ Capital Operating Expenditures , 664,000 683,000 ~, 703,000 ~ 723,000 744,000 . 765,000 788,000 AGENDA ITEM # VII-D, PAGE 10 ~ Q City of Boulder ATTACHMENT C Parks and Recreation Department Capital Expenditure Budget By Funding Source 2003-2009 AGENDA ITEM # VII-D, PAGE 11 ~ ~ ~ City of Boulder Parks and Recreation Department Spending On The .25 Sales Tax-Bond Fund 1996-2002 20,000,000 --- ------ 18,000,000 16,000,000 14,000,000 12,000,000 10,D00,000 8,000,000 - 6,000,000 4,000,000 ; ~ ATTACHMENT D --- ; 2,000,000 -- ----- ---__ ~ ~ Per Ballot _ Actual Neighborhaad Parks City Park Mountain Parks Acquisition Pocket Park Acquisition ~ Acquisition/Development Acquisition _ 4,500,000 _ 4,900,000 18,000,000 2,000,000 ~ 397,599 2,939,488 12,717,063 1,553,194 AGENDA ITEM # VII-D, PAGE 12 ~ ~ City of Boulder ATTACHMENT E Parks and Recreation Department Spending On The .25 Sales Tax Fund 1996-2002 20,000,000 i s ooo ooo , , ~ s,ooo,ooo -- - - - - -_ - -- 14,000,000 _ - - _ - - - _ _ - - > > _ --- ----- - - - - - -- -- I - 10,000,000 --___ _.._ _ - _._._ _. _. 000 000 8 --_ -- . . ._. . ._ ._.._ -- , , --- _ - . .. . .. ._ _ __. - - - 6 000 000 --- ------ - ... _..-.-- -- __- , , 4 000 000 --- ---- - - - ---- --- ..-- ---- ~ - - - -- ; , , - ~ 2,000,000 ~-- -- -- - - - ,;~; -- - - -- - -- - - - - - - i i ------ - ~ ~~ , 1 _ ~ ~ ~ Combined Urban Parks Community New Civic Park New Pocket Existing ~ Mountain Histarical ~ Recreation , City Park (Irrigation Park in Neighborho Complex ~ Park Sites Neighborho i Parks and Cultural Projects Systems) i North od Park ~ ----+ (Capital) - - od Park Facilities ---. _ _ ~Per Ballot -- ~ 6,168,284 1,532,493 r --- - - , ~ 574,685 996,121 1,fi09,118 : 1,532,493 ~ 919,495 1,532,493 2,436,663 354,545 ^Actual Expenditures 17,360,943 1,646,343 282,024 1,056,837 1,313,775 60,418 1,424,525 1,542,350 1,546,192 346,891 AGENDA ITEM # VII-D, PAGE 13 ~..~ ~ O ^ Origi ^ New 8,~~~,0~~ 7,~~0,0~~ 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 City of Boulder Parks and Recreation Department Revised Sales Tax Projections -.25 Sales Tax Fund ATTACHMENT F 2002 2003 2004 2005 2006 2007 2008 Actual ,434,053 5,626,242 5,863,748 6,103,263 6,343,446 6,562,778 6,760,318 ,460,769 5,165,941 5,323,758 5,508,638 , 5,698,886 5,900,086 6,077,679 AGENDA ITEM # VII-D , PAGE 14