Parks and Recreation System Master Plan Update (2016) parks_and_recreation_system_master_plan_update_oct | Page 23

Goal 4.1 – Increase Revenue
Pursue a revenue growth strategy that increases revenue by 5% annually and identifies
opportunities to increase resources through appropriately priced services, marketable
community events, and grants.
I NTENDED R ESULT : The department is able to utilize enhanced revenue streams from
services, events and partnerships to expand programming and enhanced operations per
community needs assessment.
Goal 4.2 – Improve Cost Recovery
Create and implement a comprehensive cost recovery model that monitors and sets
appropriate fee schedules for programming, rentals, externally-marketed services, and
ensures an acceptable rate of return.
I NTENDED R ESULT : The department will have increased revenue, allowing for service
expansion and asset improvements.
Goal 4.3 – Improve Fiscal Management
Assess the financial and operational feasibility of business ventures, products, goods and
services to ensure effective and efficient execution of budgets within each division.
I NTENDED R ESULT : The department will have improved understanding, transparency and
decision-making as it relates to internal operations and collaborations with other Metro
agencies.
Parks and Recreation System Master Plan | II. LOUISVILLE METRO PARKS AND RECREATION
DEPARTMENT VISION, MISSION, TEAM VALUES AND OBJECTIVES
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