New Search
what percent of nondedicated General Fund revenue parks, recreation and cultural <br />services costs account for. We then multiplied that portion by the permanent <br />property tax rate of $7.0058 to determine the Parks and Open Space, Recreation and <br />Cultural Services Divisions' portion of the permanent rate. Table 7 -7 shows the <br />contribution of property taxes to parks, recreation and cultural services General <br />Fund operating budget. . <br />Table 7 -7. Property Tax Contribution to Parks, Recreation <br />and Cultural Services O &M Expenditures. FY03 -04 <br />Source: City of Eugene Annual Budget — Fiscal Year 2004. <br />City of Eugene property owners are paying property taxes of approximately $1.03 <br />per $1,000 in assessed value for parks, recreation and cultural services for FY 03 -04.+ <br />For a property with an assessed value of $115,000 (the approximate average assessed <br />value within River Road /Santa Clara), would pay an estimated $118 per year of <br />property taxes for parks, recreation and cultural services O&M. <br />Non - General Fund Resources <br />There are seven additional funds that support parks, recreation and cultural services <br />O&M. <br />• The Road Fund accounts for the City's share of State gasoline taxes and Lane <br />County Urban Transition revenues to be used for maintenance and <br />1 The City of Eugene realizes a 93% collection rate for property taxes. This means that if the City of Eugene were to levy just for puts, <br />recreation and cultural services, it would need to levy at a higher rite than $1.01 per $1,000 in assessed value in order to collect $1.01 per $1,000 <br />in assessed value. The City would need to actually levy $1.09. <br />RR/SC Fiscal Analysis: Parks ECONorthwest October 2004 Page 7 -11 <br />FY2003 -2004 <br />Expenditures ($) <br />General Fund -Parks and Open Space O &M <br />Budget <br />3,824,645 <br />General Fund - Recreation O &M Budget <br />6,590,820 <br />General Fund - Cultural Services O &M Budget <br />4,358,786 <br />Parks and Open Space Indirect Cost Allocation for <br />Central Services <br />449,000 <br />Recreation Indirect Cost Allocation for Central <br />Services <br />681,000 <br />Cultural Services Indirect Cost Allocation for <br />Central Services <br />425,000 <br />Fleet Acquisition Costs <br />185,000 <br />Parks and Open Space Revenue to the General <br />Fund <br />(43,000) <br />Recreation Revenue to the General Fund <br />(2,510,139) <br />Cultural Services Revenue to the General Fund <br />(2,889,681) <br />Calculated Parks, Recreation and Cultural <br />Services O &M Costs <br />11,071,431 <br />Calculated Portion Covered by Property Taxes <br />$1.03 <br />Source: City of Eugene Annual Budget — Fiscal Year 2004. <br />City of Eugene property owners are paying property taxes of approximately $1.03 <br />per $1,000 in assessed value for parks, recreation and cultural services for FY 03 -04.+ <br />For a property with an assessed value of $115,000 (the approximate average assessed <br />value within River Road /Santa Clara), would pay an estimated $118 per year of <br />property taxes for parks, recreation and cultural services O&M. <br />Non - General Fund Resources <br />There are seven additional funds that support parks, recreation and cultural services <br />O&M. <br />• The Road Fund accounts for the City's share of State gasoline taxes and Lane <br />County Urban Transition revenues to be used for maintenance and <br />1 The City of Eugene realizes a 93% collection rate for property taxes. This means that if the City of Eugene were to levy just for puts, <br />recreation and cultural services, it would need to levy at a higher rite than $1.01 per $1,000 in assessed value in order to collect $1.01 per $1,000 <br />in assessed value. The City would need to actually levy $1.09. <br />RR/SC Fiscal Analysis: Parks ECONorthwest October 2004 Page 7 -11 <br />