4.5 SR 07-07-2025The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
Request for Action
To
City Council
Item Number
4.5
Meeting Date
July 7, 2025
Prepared By
Lori Stich, Finance Manager
Item Description
Resolution 25-34: Authorize Transfer from the
Liquor Fund to the Park Improvement Fund
Reviewed by
Lori Stich
Joe Stremcha
Cal Portner
Tina Allard
Action Requested
Adopt, by motion, Resolution 25-34 authorizing the transfer from the Municipal Liquor Fund to the Park
Improvement Fund
Background/Discussion
The Park Improvement Funding Policy allows for the transfer from the Municipal Liquor Fund of up to 45% of
operating income less budgeted transfer or $250,000, whichever is greater.
The goal is to provide long-term funding source stability and allow for planning of the replacement and
maintenance of city park assets.
Based on the funding policy, the amount of the transfer from the Municipal Liquor Fund to the Park
Improvement Fund will be $250,000.
Financial Impact
The 2025 transfer amount of $250,000 is budgeted for in the Municipal Liquor Fund.
Mission/Policy/Goal
Responsibly grow and develop a sustainable and prosperous community.
Attachments
1. Resolution - Transfer from Liquor to PIF
Page 94 of 309
City of Elk River
City Council
Resolution 25-34
A Resolution of the City Council of the City of Elk River Authorizing a
Transfer from the Liquor Fund to the Park Improvement Fund
WHEREAS,The City Council approved the establishing of the Park Improvement
Funding Policy on June 2, 2008 and revised the policy on June 21, 2021.
WHEREAS,The City Council has reviewed the request and determined it to be a sound
financial practice.
WHEREAS,It has been determined that $250,000 should be transferred out of the 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 $250,000 from the Liquor fund to the Park
Improvement fund.
Passed and adopted this 7th day of July 2025.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk
Page 95 of 309