4.7. SR 06-17-2019Request for Action
To
Item Number
Mayor and City Council
4.7
Agenda Section
Meeting Date
Prepared by
ConsentJune
17, 2019
Lori Ziemer, Finance Director
Item Description
Reviewed by
Resolution Authorizing Transfer from Municipal
Cal Portner, City Administrator
Liquor Fund to Park Improvement Fund
Reviewed by
Action Requested
Adopt, by motion, a resolution authorizing the transfer from the Municipal Liquor Fund to the Park
Improvement Fund.
Background/Discussion
The Park Improvement Fund was created to provide a long-term funding source for the build out of city
parks, replacement and maintenance of park capital assets, and beautification.
The funding policy approved in 2012 allows the city to utilize up to 45% of operating income less
budgeted transfers from the Municipal Liquor Fund to the Park Improvement Fund.
Financial Impact
The 2019 transfer amount is $214,855 and is budgeted in the Municipal Liquor Fund 2019 budget.
Attachments
■ Resolution
■ 2019 Park Improvement Fund CIP
The Elk River Vision
A PehoMing community Pitb revolutionary and spirited resourcefulness, exceptional P,` 01 W E H E 8 6 T
service, and community engagement that encourages and inspires prosperity INAWRE1
City of
Elk
River
City of Elk River
City Council
Resolution 19-
A Resolution of the City Council of the City of Elk River Authorizing a
Transfer from the Municipal Liquor Fund to the Park Improvement Fund
WHEREAS, The City Council approved establishing the Park Improvement Fund on June
2, 2008, and revised on November 19, 2012.
WHEREAS, The City Council has reviewed the request and determined it to be a sound
financial practice.
WHEREAS, It has been determined that $214,855 should be transferred out of the
Municipal Liquor fund to provide funding for the Park Improvement fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The transfer of $214,855 from the Municipal Liquor fund to
the Park Improvement fund.
Passed and adopted this 17th day of June 2019.
ATTEST:
Tina Allard, City Clerk
John J. Dietz, Mayor
C 1pIlu,i.V Jimpliwelnent tlll,li 2019 thn, 2023
Depa q mcinkPark linparxuvenneut Fuuand
City of Elk River, Minnesota (;amiffimrp Park & Rea,. Director
p,m°am„IccP:# PIF -19
pwaam, ecii Nammaic 2019 Park Improvement Projects
Description
?019 projects
)n restoration (FMR match) - $10,000
Park Master Plan - $15,000
court resurfacing - $50,000
land Trails Design - $40,000
land Trails Grant Projects - $387,000
Juslii'i calio n
Annual maintenance/repairs of our park system.
Type Maintenance
kumm"M Hfe Q.1Cunassauped
weVuim,q,,„ Paau-lr.Ignpaianverimients
Expenditures 2019 2020 2021 2022 2023 'I"ot:al.
Improvements-� ww,w,.w.,..,.w ,.......... 502,000,...._........................._..._..................................................
............
......�.
...........��502,000..
T(Ot d 502,000 502,000
Funding Sources 2019 2020 2021 2022 2023 1,01al
,���...��.-......................_����...._.....�_�. ��. _����...............-...
Federal Grants 362,000 362,000
Park Improvement Fund 140,000 140,000
:1111."tro'gi N 502,000 502,000
,2019 202,,5 e°„kPIT41, I!: lage 30