Quincy Park District passes $10.5 million budget
5 months, 1 week ago by Bob Gough
Board also accepts bid for construction on new headquarters
The Quincy Park District unanimously passed its 2013 budget Wednesday night.
The $10.5 million spending plan has a $769,087 deficit that will spend down reserves. The District has $3,651,430 in reserves and will spend it down to $2,883,333.
The $9.8 million in revenues come from the following:
(A) Local Tax $2,826,284
(B) Replacement Tax $551,890
(C) Registration Fee $215,400
(D) Westview Golf Course $1,312,545
(E) Swimming Pools $231,750
(F) Marina $320,718
(G) Batting Cage $111,840
(H) Other $4,236,576
The Park Board also approved using Heartland Bank to issue $800,000 in general obligation bonds for capital needs. The Park District will pay 1.1 percent interest on the bonds.
The Board accepted a $630,900 bid for renovation of the new Park District headquarters located on Bonansinga Drive. Leander Construction of Canton, Illinois had the low bid.
The Board is also considering possible names for the new facility and a potential surrounding park and is seeking input on how to go about that process.