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RRPRD COSTS <br />The RRPRD has many different cost categories, which can be organized into <br />operating and maintenance (O &M), special payments, and capital. We first discuss <br />O&M, then special payments, and then capital. <br />O&M expenditures included in the RRPRD budget for Fiscal Year 2003 -2004 total <br />$2.25 million and include $1.65 million for personnel and $0.6 million for services <br />and materials. <br />Because RRPRD is a stand -alone service district its budget includes costs that would <br />not typically appear in a City department's budget. Many of those expenditures are in <br />called special payments in the RRPRD budget. Some of the expenditures are general <br />administration costs much like the Central Services costs we allocated to City <br />departmental budgets, including insurance. Special payments also includes a <br />Contingency Fund for the RRPRD. Special payments expenditures included in the <br />RRPRD budget for Fiscal Year 2003 -2004 total $451,314. <br />The RRPRD has two cost categories for capital: <br />• Capital outlay for capital repairs and replacements. <br />• Bonded debt payments for capital debt issued for the acquisition and <br />development of park facilities. <br />For Fiscal Year 2003 -2004, capital outlay is $65,000 and bonded debt payments are <br />$207,710, for total capital costs of $272,710. <br />Total O&M costs of $2.3 million, special payments of $0.5 million and capital costs <br />of $0.3 million add up to $3.0 million. Table 7 -12 shows total costs for RRPRD. <br />Table 7 -12. Total Costs for RRPRD <br />Ooeratina and Capital <br />FY 2003 -2004 <br />Expenditures <br />RRPRD Operating Budget $2,270,006 <br />RRPRD Special Payments 451,314 <br />RRPRD Capital 272,710 <br />Total Costs $2,994,030 <br />Source: River Road Park & Recreatlon Budget 2003 -2004. <br />Property owners of unannexed portions of River Road pay RRPRD property taxes <br />of $3.0559 per $1,000 in assessed value plus the bond rate of $0.4216 per $1,000 in <br />assessed value. For a property with an assessed value of $115,000, property owners <br />of RRPRD would pay an estimated $351 under the permanent rate and $49 under <br />the bond rate, or a total of $400, for recreation and parks services, including debt <br />service on park capital projects. <br />Page 7 -16 ECONorthwest October 2004 RR/SC Fiscal Analysis: Parks <br />