2023 City of Shakopee Budget

186

2023 Annual Budget

Park and Recreation Asset Internal Service Fund

Fund:

Establishment

This fund finances the replacement of park assets. Financing to accomplish this is provided by "rental" payments from the park maintenance division at rates established annually by the Finance Department as part of the budget process.

Description of Services:

This fund finances the replacement of park assets. Financing to accomplish this is provided by "rental" payments from the park maintenance division at rates established annually by the Finance Department as part of the budget process.

Key Measures:

Actual

Actual

Projected

Projected

2020

2021

2022

2023

# Park Projects

5

4

6

4

Capital Improvement Program: The City prepares a five year capital improvement program (CIP). A separate CIP document was approved by Council on October 4, 2022. The CIP book provides a summary of each project location, description and source and use of funds. The CIP book also provides a cashflow for the fund.