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City of Elk River
<br />Government Building Reserve
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Cash Balance - Beginning
<br />$2,309,276
<br />$2,512,927
<br />$3,478,553
<br />$5,257,628
<br />$7,214,303
<br />$ 9,340,803
<br />Revenues:
<br />Landfill expansion fee
<br />2,000,000
<br />2,000,000
<br />2,000,000
<br />2,000,000
<br />2,000,000
<br />2,000,000
<br />Property tax
<br />55,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Bond proceeds
<br />-
<br />-
<br />10,000,000
<br />-
<br />-
<br />-
<br />Interest earnings
<br />40,000
<br />44,000
<br />61,000
<br />92,000
<br />126,500
<br />163,500
<br />Activity Center
<br />-
<br />1
<br />-
<br />-
<br />-
<br />-
<br />Total Revenues
<br />2,095,000
<br />2,044,001
<br />12,061,000
<br />2,092,000
<br />2,126,500
<br />2,163,500
<br />Expenditures:
<br />Multi-purpose Facility Project
<br />1,088,993
<br />-
<br />-
<br />-
<br />-
<br />-
<br />City hall - Carpet replacement
<br />105,000
<br />45,000
<br />-
<br />-
<br />-
<br />-
<br />Security system upgrade
<br />42,054
<br />-
<br />-
<br />-
<br />-
<br />Energy mgmt. system upgrade
<br />-
<br />50,000
<br />-
<br />-
<br />-
<br />-
<br />Public Safety Bldg. - Police/Fire Station 2
<br />-
<br />250,000
<br />4,000,000
<br />-
<br />-
<br />-
<br />Fire Station #1 - Garage floor
<br />22,077
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Fire Station #1 - Kitchen upgrade/remodel
<br />48,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Fire Station #3
<br />-
<br />300,000
<br />6,000,000
<br />-
<br />-
<br />-
<br />Debt Service -
<br />2010A Public Safety Bldg Bonds
<br />150,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />2012A PW Building Bonds - 02/21 call
<br />435,225
<br />433,375
<br />281,925
<br />135,325
<br />-
<br />-
<br />Total Expenditures
<br />1,891,349
<br />1,078,375
<br />10,281,925
<br />135,325
<br />-
<br />32,350
<br />Revenues over/(under) Expenditures
<br />203,651
<br />965,626
<br />1,779,075
<br />1,956,675
<br />2,126,500
<br />2,131,150
<br />Cash Balance - Ending
<br />$2,512,927
<br />$3,478,553
<br />$5,257,628
<br />$7,214,303
<br />$9,340,803
<br />$ 11,471,953
<br />
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