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Parks Endowment Fund

Source: PDF pp. 1120-1121 ↗ · raw: 1120 · 1121

Breadcrumb: Fund Summaries > Public Works. > Parks Endowment Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Public Works> Parks Endowment Fund Parks Endowment Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $214,606 $206,740 $220,190 $227,604 Bureau Expense $1,035 $0 $53,544 $60,379 NA $0 $0 $166,646 $167,225 Unappropriated $213,571 $206,740 $0 $0 Ending Fund Balance $213,571 $206,740 $0 $0 Revenue $214,606 $206,740 $220,190 $227,604 External Revenues $7,866 $6,244 $6,621 $7,695 Miscellaneous $7,866 $6,244 $6,621 $7,695 Internal Revenues $206,740 $200,496 $213,569 $219,909 Beginning Fund $206,740 $200,496 $213,569 $219,909 Balance Fund Overview Purpose The Parks Endowment Fund accounts for gifts, donations, and endowments of a permanent nature, whereby the donation principal is invested, and interest earnings are available to support programs and services as directed by the funding donor. There are currently four endowments within the fund. Revenue F.L. Beach Curbside Rose Award Trust This endowment was established in 1975. Its purpose is to encourage planting and maintaining roses that will be visible to the public. An incentive system was established through awards and annual competitions, which are funded from the trust. Funds unspent in a given year are reinvested to increase fund balances. Parks Maintenance Endowment This endowment was established in FY 2002-03. Earnings are reinvested to increase the size of the endowment with the intent of eventually generating sufficient interest income to help maintain the parks and recreation system. Washington Park Children’s Playground Endowment This endowment was established by a $75,000 donation from the Portland Rotary Club with the goal of maintaining the playground in Washington Park. The Dietz Fountain at Wallace Park Endowment This endowment was established in FY 2003-04 with an original gift of $4,500. Income from this endowment contributes toward maintenance of the Dietz Fountain. 1120

City of Portland Fiscal Year 2026-27 Proposed Budget Managing Agency Portland Parks & Recreation Significant Changes from Prior Year There are no substantial changes to this fund in the FY 2026-27 Proposed Budget. 1121

Parent: Public Works. · PDF: pp. 1120-1121 ↗