Financial Information

Special Recreation Association (SRA) Funding

The Park District Code and Municipal Code enables any park district or municipality that is party to a joint agreement to provide “recreational programs for the handicapped”. They may levy and collect annually a tax of not to exceed .04% of the Equalized Assessed Valuation (EAV) of all taxable property in the district for the purpose of funding the district’s share of the expenses of providing these programs under that joint agreement (see Section 5-8 and 8-10b of the Park District Code and Section 11-95-14 of the Municipal Code).

Approximately 70-80% of a Special Recreation Association’s revenue each year is comprised of the tax contributions of their member park districts and Villages.


Member Agency Contributions

The SSSRA Articles of Agreement require member entities to contribute .025% of their EAV each year. Click here to see the document listing member agency contributions.


Our Positive Financial Position

Our Board of Directors and staff are committed to keeping program services at the same level for as long as possible, so the association’s Fund Balance is being utilized for the fourth year for operating costs.

An increase in grant funds received has enabled the association to continue to offer free programs (39 free weekly programs and 14 free special events during 2016-2017). Please see the website news page for a list of our generous donors.


Program Fees

Program fees for residents include only 50-65% of the direct expenses the agency incurs for programs. Direct expenses include: part-time staff; fuel; tickets; food; recreation supplies; and uniforms. A Fee Sheet is completed for each program and special event when setting fees. Please note that no administrative costs are included. Scholarships are available to residents who need assistance affording program fees.


Audit

An independent Audit of the association’s records is conducted each year, by a firm with extensive experience in auditing park districts, municipal entities and special recreation associations.

A copy of the association’s 2015-2016 Audit is available by clicking here.