7. PRSR 05-10 2006Item # 7.
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MEMORANDUM
TO: Parks and Recreation Commission
FROM: Bill Maertz, Parks and Recreation Director
DATE: May 10, 2006
SUBJECT: Directors Report
1. Park dedication fund balance: Please note that the budget sheet shows $390,000
as payment for Pinewood. This is an error and will be corrected. The City Council
voted to make this initial payment from the funds that come from the NRG
payments.
2. 2006 Grant applications: Staff requested $675,000 in grants from the DNR in
2006. DNR staff notified staff they will be doing apre-awards tour of the golf
course and Malmstrom property in May.
3. Bid openings for Rivers Edge Commons are scheduled for May 9. Staff will
provide an update at the ay 10 Park commission meeting.
4. Library Project Update: see attached.
ATTACHMENTS:
Park Dedication Fund Balance
Library site plan and image
BALANCE SHEET
APRIL 2006 Page: I
5/2/2006
CITY OF ELK RIVER 8:31 am
As of: 4/30/2006 Balances
Fund Type: 11 Special revenue funds
Fund: 225 -PARK DEDICATION
Assets
Acct Class: 1000 Current Assets
1010 Cash
1012 Fair Value-Investments
1380 Interest Receivable
Acc[ Class: 1000 Current Assets
1,481,161.54
610.00
5,742.00
1,487,513.54
Total Assets 1,487,513.54
Reserves/Balances
Acct Class: 2400 Fund Equity
2400 Fund Balance 1,600,028.81
2600 Change In Fund Balance -I 12,515.27
Acct Class: 2400 Fund Equity 1,487,513.54
Total Reserves/Balances 1,487,513.54
Total Liabilities & Balances 1,487,513.54
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