TL;DR (generated · confidence: high)

The Portland International Raceway Fund is an enterprise fund operated by Portland Parks & Recreation accounting for PIR management and operations. The 2026-27 proposed budget totals $4.2M in both expenses and revenue with no substantial changes. Primary revenue sources include facility rentals, food/beverage percentages, advertising, and sponsorships. Key risks include inflation, event availability volatility, and insufficient capital maintenance reserves.

Key points (each cites a PDF page):

Total proposed expense: $4,218,255; Bureau expense: $2,669,117; Fund expense: $1,549,138 (p. 1122 ↗)
External revenues: $2,248,349; Charges for services: $2,170,056; Miscellaneous: $78,293 (p. 1122 ↗)
Debt service: $321,418; Fund transfers: $178,160; Contingency: $1,049,560 (p. 1122 ↗)
Beginning fund balance: $1,969,906; Ending fund balance: $0 (fully appropriated) (p. 1122 ↗)
Managed by Portland Parks & Recreation as an enterprise fund (p. 1122 ↗)
Primary ongoing revenues from PIR facilities rental, food/beverage provider sales percentage, user group advertising, and track sponsorship (p. 1122 ↗)
No substantial changes to fund in FY2026-27 Proposed Budget (p. 1123 ↗)
Major risks: continued inflationary pressures, availability of major events to host and generate revenue, insufficient capital maintenance reserves (p. 1123 ↗)
PIR significantly impacted by inflationary factors resulting in rapidly declining balance (p. 1123 ↗)

Amounts: $4,218,255 · $2,669,117 · $1,549,138 · $1,049,560 · $321,418 · $178,160 · $2,248,349 · $2,170,056 · Programs: Portland International Raceway (PIR) · Parties: Portland Parks & Recreation

Portland International Raceway Fund

Source: PDF pp. 1122-1123 ↗ · raw: 1122 · 1123

Breadcrumb: Fund Summaries > Public Works. > Portland International Raceway Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Public Works> Portland International Raceway Fund Portland International Raceway Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $4,175,087 $4,020,827 $4,057,656 $4,218,255 Bureau Expense $1,868,471 $1,877,745 $2,476,915 $2,669,117 Fund Expense $450,915 $453,734 $1,580,741 $1,549,138 Contingency $0 $0 $1,075,292 $1,049,560 Debt Service $317,943 $339,964 $335,750 $321,418 Fund Transfers - $132,972 $113,770 $169,699 $178,160 Expense Unappropriated $1,855,701 $1,689,348 $0 $0 Ending Fund Balance $1,855,701 $1,689,348 $0 $0 Revenue $4,175,086 $4,021,988 $4,057,656 $4,218,255 External Revenues $2,485,738 $2,834,892 $2,152,750 $2,248,349 Charges for Services $2,347,522 $2,708,251 $2,037,750 $2,170,056 Miscellaneous $138,216 $126,641 $115,000 $78,293 Internal Revenues $1,689,348 $1,187,096 $1,904,906 $1,969,906 Beginning Fund $1,689,348 $1,187,096 $1,904,906 $1,969,906 Balance Fund Overview Purpose The Portland International Raceway (PIR) Fund is the enterprise fund that accounts for all resources and requirements associated with the management and operation of PIR. Revenue The primary sources of ongoing revenues to the PIR Fund are PIR facilities rental revenues, percentage of sales from the food and beverage contracted service provider, user group advertising, and track sponsorship. Managing Agency Portland Parks & Recreation Significant Changes from Prior Year 1122

City of Portland Fiscal Year 2026-27 Proposed Budget There were no substantial changes to this fund in the FY2026-27 Proposed Budget. The most significant risks inherent in the five- year financial plan for the PIR program are related to continued inflationary pressures, the availability of major events to host and generate revenue, and that major maintenance reserves are insufficient to maintain the program’s capital infrastructure. PIR has been significantly impacted by inflationary factors, resulting in a rapidly declining balance. 1123

Parent: Public Works. · PDF: pp. 1122-1123 ↗