Parks Capital Improvement Program Fund

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Breadcrumb: Fund Summaries > Public Works. > Parks Capital Improvement Program Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Public Works> Parks Capital Improvement Program Fund Parks Capital Improvement Program Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $225,162,873 $227,565,498 $204,874,502 $147,740,882 Bureau Expense $51,318,114 $56,996,072 $91,770,019 $95,988,865 Fund Expense $50,432,790 $11,121,838 $113,104,483 $51,752,017 Contingency $0 $0 $61,883,827 $50,332,008 Debt Service $45,169,539 $163,014 $50,176,320 $183,359 Fund Transfers - $5,263,251 $10,958,824 $1,044,336 $1,236,650 Expense Unappropriated $123,411,969 $159,447,588 $0 $0 Ending Fund Balance $123,411,969 $159,447,588 $0 $0 Revenue $225,162,875 $227,565,500 $204,874,502 $147,740,882 External Revenues $58,658,488 $12,223,923 $67,141,175 $16,741,382 Bond & Note $45,250,000 $250,000 $50,250,000 $250,000 Proceeds Charges for Services $4,151,463 $4,911,813 $500,000 $1,000,000 Intergovernmental $681,562 $268,333 $6,406,419 $10,291,382 Miscellaneous $8,575,463 $6,793,777 $9,976,895 $5,200,000 Miscellaneous Fund $0 $0 $7,861 $0 Allocation Internal Revenues $166,504,387 $215,341,577 $137,733,327 $130,999,500 Beginning Fund $159,447,588 $203,124,353 $123,411,972 $124,024,394 Balance Fund Transfers - $7,056,799 $12,152,224 $14,321,355 $6,975,106 Revenue Interagency Revenue $0 $65,000 $0 $0 Fund Overview Purpose The Parks Capital Improvement Program (CIP) Fund accounts for all capital resources and requirements for Portland Parks & Recreation (Parks Bureau) except capital activity relating to two enterprise funds: the Golf Fund and the Portland International Raceway Fund. Revenue The primary revenue sources for the Parks Bureau CIP Fund are System Development Charges and annual General Fund Major Maintenance funding. Additional revenue sources include local, state, and federal grants, the 2014 Parks Replacement Bond, 2019 1117

City of Portland Fiscal Year 2026-27 Proposed Budget Metro Parks and Nature Bond Local Share and Trail Program funds, Build Portland Bond funds, and Portland Parks Foundation donations. Managing Agency Portland Parks & Recreation Significant Changes from Prior Year System Development Charge Funding: System Development Charges (SDC) were waived by Council for a three-year period beginning in FY 2025-26 for development permits that would create new residential units to address a housing shortage, which eliminated residential SDC revenues from housing for 3 years. SDC receipts are expected to be less than $1.5 million in FY 2025- 26, after highs closer to $40 million in recent years. This is tied to a decline in construction permitting citywide. Based on the Portland Permitting & Development building permit projections, revenues are anticipated to continue to decrease over the next three fiscal years. System Development Charge Acquisition Funding: Parks Bureau has a natural area acquisition program, which allows the Bureau to add to existing natural areas or acquire land for new natural areas when opportunities arise to acquire suitable land. Parks Bureau uses a natural area acquisition strategy to determine whether land that becomes available for acquisition serves natural area goals and benefits the Bureau’s portfolio. Parks Bureau continues to evaluate new acquisition opportunities using this framework as they are identified. The only natural area added in FY26 was two MacGregor Heights infill parcels, adjacent to Clatsop Butte Park for a cost of $45,000. These parcels contribute to conservation needs identified in the city resource inventory with no additional operations and maintenance costs. Major Maintenance Funding: Over the last 10 years, annual major maintenance resources have only increased from $1.7MM to $4.7MM annually for PP&R, while the fund’s largest Interagency costs have increased from $120K to $1.8MM, during the same period. This contrast combined with a $9.5MM reduction in fund balance to quickly address the light pole safety issue in Parks has resulted in an imminent fund deficit. In summary, the Major Maintenance fund is depleted due to growing infrastructure repair needs, the capital fund’s increase in Interagency costs, and the increase in General Fund Overhead. Capital Levy Funding: With the passing of the 2025 levy, $.03/$1,000 of assessed value is to be dedicated to capital major maintenance repairs – focusing on restrooms, playgrounds, and other critical infrastructure project. Capital Project selection is underway – working with the individual Council Districts. Portland Clean Energy Funding: All the $6.2 million from the Portland Clean Energy Fund (PCEF) was expended for the Mt Scott Community Center Renovation project which is complete. The 2014 Parks Replacement Bond Funding: The final project of 52 projects funded by the $68M bond is complete. This work has allowed the bureau to repair or replace facilities that were closed, at risk of closure, or deficient. Build Portland Funding: The $15 million in Build Portland resources for the renovation of the Mt. Scott Community Center was also expended and the project is complete. Metro Bond Funding: The $475 million Metro Regional Parks and Nature Bond was passed by voters on November 6, 2019. The main emphasis of this Bond is to increase park, trail, and nature access, particularly for communities of color, Indigenous people, people earning low incomes, and other historically marginalized groups. • The Local Share component of the 2019 Metro Parks and Nature Bond is providing up to $31.8million to make renovations and improvements in Parks Bureau natural areas and developed parks. Project allocations are being finalized, and spending has begun on ten projects. Work has started on multiple projects and funds expenditure has started. 1118

City of Portland Fiscal Year 2026-27 Proposed Budget • In a Citywide effort to revitalize downtown Portland, the Capital Growth program is focusing on several downtown park projects including Broadway Corridor/North Park Blocks, Old Town Skatepark, Darcelle XV Plaza, and NW 20th Ave. and NW Pettigrove St. Property (Slabtown). State Lottery Grant Funding and Sustainable Development Charge (SDC) Funding: North Portland Aquatic Center Project is in the design phase and is continuing to expend these funds. State Lottery awarded PP&R $15 million and that funding is complemented by $76.5 million in SDC funding to catalyze the development. 1119

Parent: Public Works. · PDF: pp. 1117-1119 ↗