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<br />
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<br />City of Elk River
<br />Pavement Management Fund
<br />2018 2019 2020 2021 2022 2023
<br />Estimate Estimate Estimate Estimate Estimate Estimate
<br />Fund Balance - Beginning $3,138,557 $4,660,405 $2,173,405 $3,820,405 $1,851,405 $3,066,405
<br />Revenues:
<br /> Charges for Services
<br /> Franchise Fee 1,399,000 1,399,000 1,399,000 1,399,000 1,399,000 1,399,000
<br /> Other Revenue
<br /> Interest 78,500 100,000 50,000 80,000 60,000 90,000
<br /> City of Ramsey 167,091 - - - - -
<br /> MSA - Street Maintenance 390,620 394,000 398,000 402,000 406,000 410,000
<br /> MSA - Construction - - 100,000 2,500,000 1,100,000 1,000,000
<br /> Federal Grant - - - - 1,950,000 -
<br /> Transers In
<br /> Storm Water - 170,000 - 250,000 100,000 50,000
<br /> Street/ Capital Improve. Reserve - - 400,000 - - -
<br />Total Revenues 2,035,211 2,063,000 2,347,000 4,631,000 5,015,000 2,949,000
<br />Expenditures:
<br /> Street Projects 313,363 4,300,000 100,000 5,900,000 100,000 3,400,000
<br /> Hwy 169 Frontage/Backage Roads - 50,000 400,000 500,000 3,500,000 -
<br /> Sealcoat/Overlay program 200,000 200,000 200,000 200,000 200,000 200,000
<br />Total Expenditures 513,363 4,550,000 700,000 6,600,000 3,800,000 3,600,000
<br />Revenues less Expenditures 1,521,848 (2,487,000) 1,647,000 (1,969,000) 1,215,000 (651,000)
<br />Fund Balance - Ending $4,660,405 $2,173,405 $3,820,405 $1,851,405 $3,066,405 $2,415,405
<br />2018 2019 2020 2021 2022 2023
<br />Beginning balance 154,760$ 1,261,795$ 2,445,374$ 3,540,789$ 1,623,158$ (1,257,401)$
<br />New Allotment(average)1,562,480 1,578,105 1,593,886 1,609,825 1,625,923 1,642,182
<br />Pavement Management Plan**(64,825) - (100,000) (2,500,000) (100,000) (1,000,000)
<br />Municipal Maintenance*(390,620) (394,526) (398,471) (402,456) (406,481) (410,546)
<br />Signalization - Twin Lks Rd/181st Ave - - - (125,000) - -
<br />Hwy 169 Frontage/Backage Roads - - - - (1,000,000) -
<br />Yale St/Twin Lk Rd/TH 10 Intersection - - - (500,000) (3,000,000) -
<br />Ending Balance 1,261,795$ 2,445,374$ 3,540,789$ 1,623,158$ (1,257,401)$ (1,025,764)$
<br />*=25% of MSA allocation (2019-2023)
<br />**=State-aid roads portion of pavement management plan
<br />Municipal State Aid (MSA) Balance
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