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City of Elk River
<br />GRE Reserve Fund
<br />2018 2019 2020 2021 2022 2023
<br />Estimate Estimate Estimate Estimate Estimate Estimate
<br />Cash Balance - Beginning $1,958,805 $1,947,478 $1,711,478 $1,545,478 $1,576,478 $1,607,978
<br />Revenues
<br /> Interest 39,000 39,000 34,000 31,000 31,500 32,000
<br /> Other Revenue
<br /> GRE payment 194,673 - - - - -
<br />Total Revenues 233,673 39,000 34,000 31,000 31,500 32,000
<br />Expenditures
<br /> Transfer Out-General Fund 45,000 45,000 - - - -
<br /> Wayfinding Plan 200,000 200,000 200,000 - - -
<br /> Lake Orono Dredging Study - 30,000 - - - -
<br />Total Expenditures 245,000 275,000 200,000 - - -
<br />Revenues over/(under) Expenditures (11,327) (236,000) (166,000) 31,000 31,500 32,000
<br />Cash Balance - Ending $1,947,478 $1,711,478 $1,545,478 $1,576,478 $1,607,978 $1,639,978
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