Channahon Park District (IL)

Rick Kehoe and Angie Brown with the Channahon Park District reflect on how completing the Financial Sustainability Strategy with 110% helped the District to successfully address its current and future capital needs.

What was the value of the Financial Sustainability Strategy to your organization and what has resulted since implementation?

The value of the Financial Sustainability Strategy is that it allows the District to maintain healthy cash reserves to weather economic downturns or unexpected emergencies. The District can then plan for longer term cash needs instead of having to solve for short term cash needs.

What is one quantitative-based improvement that your organization has seen as a result of the Financial Sustainability Strategy?

The Financial Sustainability Strategy allows the District to apply ~$1m yearly to new capital projects and yearly maintenance needs while also keeping the operating budget from increasing any greater than CPI year to year.

What quote best represents your personal perspective on the Financial Sustainability Strategy and the results?

The idea and implementation of the District's cost recovery model was necessary to be able to catch up on deferred maintenance as well as provide funding for future growth projects. The model has proved effective in doing this.

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