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11/04/2010
<br />CITY OF ELK RIVER
<br />Building Reserve Capital Budget
<br />update 11,x4,`209 D Estimate Estimate Estimate Estimate Estimate Estimate
<br /> 2010 2011 2012 2013 2014 2015
<br />Beginning Cash Balance 2,427,130 3,014,660 3,550,249 4,147,971 3,808,166 3,632,339
<br />Sources of Funds
<br />Other Revenues 800,000 800,000 800,000 - - -
<br />Bond Proceeds - 4;250,000 - - -
<br />Fire Station #1 expansion from Ambulance 62,894 62,894 5,214 - - -
<br />Grants 50,000 - - - -
<br />Transfer In (Liquor Fund) 2,750,000 - - - -
<br />Interest earnings 36,407 45,220 44,378 62,220 76,163 90,808
<br />Total Sources of Funds 899,301 3,708,114 5,099,592 62,220 76,163 90,808
<br />Expenditures
<br />Old Liquor Store demo 15,000 - - - - -
<br />Solar Thermal Project Grant - 100,000 - - - -
<br />2nd Story on Public safety building - - - - - 100,000
<br />Public Works Facility Expansion 15,000 2,750,000 4,250,000 - - -
<br />Sealcoating program (Gov't buildings) 24,531 36,000 10,000 10,000 10,000 10,000
<br />Prewetting station/Brining tank - - - 50,000 - -
<br />Streets Roof repair 16,250 - - - - -
<br />Station #1 Roof repair - - - 100,000 - -
<br />Service doors at Fire Station - 25,000 - - - -
<br />Floor repair PD - 20,000 - - - -
<br />Miscellaenous projects (future building repair 10,000 10,000 10,000 10,000 10,000 100,000
<br />2006C Bonds (Library Debt) 230,990 231,525 231,870 232,025 231,990 231,765
<br />Total Building Reserve Uses of Funds - 311,771 3,172,525 4,501,870 402,025 251,990 441,765
<br />Ending Cash Balance 3,014,660 3,550,249 4,147,971 3,808,166 3,632,339 3,281,382
<br />Cash reserve balance for future repairs/maint. (50,000) (100,000) (150,000) (200,000) (250,000) (300,000)
<br />Total cash available 2,964,660 3,450,249 3,997,971 3,608,166 3,382,339 2,981,382
<br />Library Outstanding Balance call date 02/01/16 3,773,203 3,541,333 3,309,308 3,077,318 2,845,553
<br />Estimate Debt Service (Public Works Building)
<br />Rate Term
<br />2012 Debt 5.00% 25
<br />2013 Debt 5.00% 25
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<br />2014 Debt 5.00% (301,548) (301,548) (301:548)
<br />- -
<br />25 -
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