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8.1 Park Improvement Fund Handout
City of Elk River Park Improvement Fund 2021 2022 2023 2024 2025 2026 Actual Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $104,467 $435,904 $272,781 $321,647 $339,347 $463,547 Revenues: Interest Income 4,643 5,000 5,000 5,000 6,000 8,000 Youth Baseball Association - Dugouts 11,540 11,540 - - - - Youth Football - Oak Knoll Lights 14,832 7,416 7,416 - - - Lacrosse - Oak Knoll Lights - 4,450 4,450 4,450 4,450 - Grants 70,984 - - - - - Sponsorships 20,075 12,000 12,000 8,250 3,750 - Transfer In-Liquor Fund 250,000 250,000 250,000 250,000 250,000 250,000 Donations 18,701 4,491 - - - - Total Revenues 390,775 294,897 278,866 267,700 264,200 258,000 Expenditures: Athletic fields demand analysis/master plan - 30,000 40,000 - - - Country Crossing basketball court - 112,584 - - - - Country Crossing playground - - - 125,000 - - Deerfield basketball court - - - - 35,000 - Lions Park disc golf/playground - 28,000 50,000 - - - Ridgewood basketball court - - - - 30,000 - Riverplace - playground/basketball court - - - - - 185,000 Trott Brook tennis court 24,592 253,004 - - - - Trott Brook playground - - - 125,000 - - West Oaks, Kliever Pointe, Kliever Lake Fields basketball courts - - 40,000 - - - Woodland Trails buckthorn removal 25,000 - - - - - Woodland Trails storage garage - - 100,000 - - - Woodland Trails nature play area - - - - 75,000 - Misc. park maintenance 9,746 34,432 - - - - Total Expenditures 59,338 458,020 230,000 250,000 140,000 185,000 Revenues over/(under) Expenditures 331,437 (163,123) 48,866 17,700 124,200 73,000 Cash Balance - Ending $435,904 $272,781 $321,647 $339,347 $463,547 $536,547 7/11/2022 Park Dedication Fund Projects YAC – Playground Safety Netting 50,000 Orono Park – Security Cameras/Pickleball Accessories 95,000 TH 10 Trail Lights 12,600