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UPDATED Handout - 8.1 at1 PIF and Park Dedication
City of Elk River Park Improvement Fund 2022 2023 2024 2025 2026 2027 Estimate Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $445,650 $245,401 $144,817 $93,267 $181,717 $203,467 Revenues: Interest Income 5,000 4,500 2,000 1,500 3,000 3,500 Youth Baseball Association - Dugouts 11,540 - - - - - Youth Football - Oak Knoll Lights 7,416 7,416 - - - - Lacrosse - Oak Knoll Lights 4,450 4,450 4,450 4,450 - - Grants - - - - - - Sponsorships 13,300 13,800 8,250 3,750 - - Transfer In-Liquor Fund 250,000 250,000 250,000 250,000 250,000 250,000 Donations 6,522 - - - - - Total Revenues 298,228 280,166 264,700 259,700 253,000 253,500 Expenditures: Athletic fields demand analysis/master plan 30,000 45,000 - - - FMP partnership for WHHCA 6,250 6,250 6,250 6,250 6,250 GNT regional trail MP 9,500 Country Crossing basketball court 112,584 - - - - Country Crossing playground - - 125,000 - - Deerfield basketball court - - - 50,000 - Lions Park disc golf 28,000 Lions Park playground 100,000 - - - Ridgewood basketball court - - - 30,000 - Riverplace - playground/basketball court - - - - 185,000 Trott Brook tennis court 261,760 - - - - Trott Brook playground - - 125,000 - - Reconstruct Kliever Lake Fields basketball courts - - 50,000 - - YAC two stall garage park maint. 60,000 Woodland Trails storage garage - 150,000 - - - Woodland Trails nature play area - - - 75,000 - Pickleball shade shelters 59,883 Misc. projects 10,000 10,000 10,000 10,000 10,000 Lions Park Shelters replacements (3)30,000 Fresno Park Playground 100,000 Mississippi Oaks Playground 90,000 Rivers Edge Commons Park fountain 75,000 Total Expenditures 498,477 380,750 316,250 171,250 231,250 110,000 Revenues over/(under) Expenditures (200,249) (100,584) (51,550) 88,450 21,750 143,500 Cash Balance - Ending $245,401 $144,817 $93,267 $181,717 $203,467 $346,967 Yellow highlights indicates new and/or changed 9/13/2022 City of Elk River Park Dedication Fund 2021 2022 2023 2024 2025 2026 2027 Actual Estimate Estimate Estimate Estimate Estimate Estimate Cash Balance - Beginning $552,634 $935,635 $1,534,845 $1,606,525 $1,283,305 $1,484,585 $1,689,365 Revenues: Park dedication 392,210 618,530 150,000 150,000 150,000 150,000 150,000 Sale of property - Pinewood CD 99,229 28,780 28,780 28,780 28,780 28,780 28,780 Interest 13,185 14,000 27,000 28,000 22,500 26,000 29,500 Total Revenues 504,624 661,310 205,780 206,780 201,280 204,780 208,280 Expenditures: Miscellaneous 58,050 - - - - - - Pinewood - irrigation/utility hookup 63,573 - - - - - Ninja/Fitcore system - - - 280,000 - - - YAC - playground safety netting - - 125,000 - - - Orono Pk - sec. cameras - 34,500 - - - - TH 10 Trail Lights - 12,600 - - - - Rivers Edge Commons Dock Camera System 9,100 Skate Park Lighting 15,000 - - CR 44 Trail - Local cost share - - - 250,000 - - - Total Expenditures 121,623 62,100 134,100 530,000 - - - Revenues over/(under) Expenditures 383,001 599,210 71,680 (323,220) 201,280 204,780 208,280 Cash Balance - Ending $935,635 $1,534,845 $1,606,525 $1,283,305 $1,484,585 $1,689,365 $1,897,645 9/13/2022