SUBJECT:
Title
2027 Trails and Natural Areas Fund (TNAF) Budget Recommendation
Department
DEPARTMENT: Parks & Recreation
Presenter
PRESENTER(S): Luke Bolinger, Director of Parks & Recreation
end
Time
TIME ESTIMATE: 20 minutes
Fiscal
FISCAL SUMMARY:
N/A
Policy
Recommendation
STAFF RECOMMENDATION:
Recommend the proposed budget requests from the Trails and Natural Areas Fund
Body
BACKGROUND OF SUBJECT MATTER:
According to Title 3, Chapter 2, Section 3-2-4.B.9 of the Erie Municipal Code, the Open Space and Trails Advisory Board (OSTAB) is responsible for making recommendations regarding expenditures from the Trails and Natural Areas Fund (TNAF). Budget requests from all departments are due to Finance by June 12. Staff is recommending a TNAF appropriation of $5,526,885 to support ongoing capital projects, planning efforts, and reimbursement of the General Fund for the Page property purchase. A detailed breakdown of the recommended expenditures is included in the attached budget recommendation memorandum.
According to Finance projections, the 2026 ending fund balance and 2027 beginning fund balance is estimated at $3.8 million, assuming $3.6 million in revenues and $5.7 million in expenditures. However, 2026 revenues are expected to be closer to $3.7 million, consistent with actual revenue levels in 2024 and 2025.
Based on projected 2027 expenditures of $5.5 million and revenues of $3.7 million, the fund balance is projected to end 2027 at approximately $2 million.
attachments
ATTACHMENT(S):
1. OSTAB Recommendation of TNAF Budget Request