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PIF 2020-2024_Staff Recomendation-Handout from mtg
City of Elk River Park Improvement Fund 2019 2020 2021 2022 2023 2024 Future Estimate Estimate Estimate Estimate Estimate Estimate Projects Cash Balance - Beginning $26,581 $474,896 $68,768 $66,640 $82,972 $144,472 $217,472 Revenues: Other Revenue Interest Income 2,000 9,500 1,500 1,500 1,500 3,000 4,500 Youth Baseball Association - Dugouts 11,540 √11,540 11,540 - - - - Youth Football - Oak Knoll Lights 7,416 √7,416 7,416 7,416 - - - Lacrosse - Oak Knoll Lights 7,416 √7,416 7,416 7,416 - - - Grants 362,000 - - - - - - Transfer In-Liquor Fund 214,855 √200,000 200,000 200,000 200,000 200,000 200,000 Donations 685 √- - - - - - Total Revenues 605,912 235,872 227,872 216,332 201,500 203,000 204,500 Expenditures:Notes Country Crossing Basketball Court Replacement - - 50,000 - - - - Country Crossing Playground Replacement - - - - - 100,000 - DAAC Field Improvements - - - - - - 510,000 Deerfield Basketball Court - - - - - - - Deerfield Park Basketball Court Replacement - - - - - - 25,000 Meets replacement age, continue to assess Fresno Park Court Replacement - - 30,000 - - - - Reduce to Half Court Heritage Landing/Country Crossing Trail - - - - - - 120,000 Seek alternate funding source Houlton restoration (FMR match)10,000 √10,000 - - - - - Lions Park Master Plan 15,000 - - - - - - LJWP Park Playground - - - 200,000 - - - LJWP Basketball Court Replacement - - - - - - 75,000 Meets replacement age, continue to assess LJWP Trail Reconstruction - - - - - - 203,000 Seek alternate funding source Mississippi Road Trail Reconstruction - - - - - - 120,000 Seek alternate funding source Orono Park Trails Reconstruction - - - - - - 166,000 Seek alternate funding source Park Property Lines 3,739 √- - - - - - Ridgewood Park Basketball Court Replacement - - - - - 30,000 - Rivers Edge - flagpole/dock 1,372 √- - - - - - Sport Court Resurfacing 37,857 √- - - 40,000 - - Trail Repairs & Connections - - - - - - - Trott Brook Tennis Court Replacement - - 150,000 - - - - Volleyball Nets - 5,000 - - - - - Woodland Trails Design Services 60,653 √- - - - - - Woodland Trails Garage - - - - 100,000 - - Woodland Trails Grant/Match - 387,000 - - - - - Woodland Trails Survey 28,976 √- - - - - - Woodland Trails Well/Concrete/ Shelter/Amenities - 90,000 - - - - - YAC Dugouts - 150,000 - - - - - Total Expenditures 157,597 642,000 230,000 200,000 140,000 130,000 1,219,000 Revenues over/(under) Expenditures 448,315 (406,128) (2,128) 16,332 61,500 73,000 (1,014,500) Cash Balance - Ending $474,896 $68,768 $66,640 $82,972 $144,472 $217,472 ($797,028) 8/28/2019