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City of Elk River
<br />Pavement Management Fund
<br />2019 2020 2021 2022 2023 2024
<br />Estimate Estimate Estimate Estimate Estimate Estimate
<br />Cash Balance - Beginning $4,543,923 $2,038,330 $3,510,130 $1,520,330 $1,490,730 $760,530
<br />Revenues:
<br />Charges for Services -
<br />Franchise Fee
<br />1,400,000
<br />1,400,000
<br />1,400,000
<br />1,400,000
<br />1,400,000
<br />1,400,000
<br />Other Revenue -
<br />$1,261,795
<br />$2,430,015
<br />$ 1,631,917
<br />$(2,801,382)
<br />$(3,547,763)
<br />$(3,332,109)
<br />Interest
<br />85,000
<br />40,800
<br />70,200
<br />30,400
<br />29,800
<br />15,200
<br />MSA- Street Maintenance
<br />389,407
<br />390,000
<br />390,000
<br />390,000
<br />390,000
<br />390,000
<br />MSA- Construction
<br />-
<br />1,978,000
<br />5,625,000
<br />1,950,000
<br />1,000,000
<br />-
<br />MNDOT - Kelley Pkwy/Twin Lks Rd
<br />-
<br />-
<br />1,000,000
<br />-
<br />-
<br />-
<br />Federal Grant - Kelley Pkwy/Twin Lks Rd
<br />-
<br />-
<br />2,000,000
<br />-
<br />-
<br />-
<br />Spec. Assmts - Kelley Pkwy/Twin Lks Rd
<br />-
<br />-
<br />500,000
<br />-
<br />-
<br />-
<br />Transers In -
<br />-
<br />-
<br />-
<br />1,950,000,
<br />-
<br />-
<br />Storm Water
<br />170.000
<br />-
<br />250,000
<br />-
<br />50,000
<br />-
<br />Street/ Capital Reserve- Hwy 169
<br />-
<br />400,000
<br />-
<br />-
<br />-
<br />-
<br />Total Revenues
<br />2,044,407
<br />4,208,800
<br />11,235,200
<br />3,770,400
<br />2,869,800
<br />1,805,200
<br />Expe nditures:
<br />Street Projects
<br />4,300,000
<br />100,000
<br />5,900,000
<br />100,000
<br />3,400,000
<br />100,000
<br />Hwy 169 Frontage/Backage Roads
<br />50,000
<br />400,000
<br />500,000
<br />3,500,000
<br />-
<br />-
<br />Kelley Pkwy/Twin Lakes Rd/TH 10
<br />-
<br />1,800,000
<br />6,500,000
<br />-
<br />-
<br />-
<br />School Street Traffic Enhancements
<br />-
<br />237,000
<br />-
<br />-
<br />-
<br />Traffic Control - Twin Lks Rd/181 st Ave
<br />-
<br />-
<br />125,000
<br />-
<br />-
<br />-
<br />Sealcoat/Overlay program
<br />200,000
<br />200,000
<br />200,000
<br />200,000
<br />200,000
<br />200,000
<br />Total Expenditures
<br />4,550,000
<br />2,737,000
<br />13,225,000
<br />3,800,000
<br />3,600,000
<br />300,000
<br />Revenues less Expenditures
<br />(2,505,593)
<br />1,471,800
<br />(1,989,800)
<br />(29,600)
<br />(730,200)
<br />1,505,200
<br />Cash Balance - Ending
<br />$2,038,330
<br />$3,510,130
<br />$1,520,330
<br />$1,490,730
<br />$760,530
<br />$2,265,730
<br />Municipal State Aid - Construction Balance
<br />*=State -aid roads portion of pavement management plan
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />Beginning balance
<br />$1,261,795
<br />$2,430,015
<br />$ 1,631,917
<br />$(2,801,382)
<br />$(3,547,763)
<br />$(3,332,109)
<br />New Allotment (average)
<br />1,168,220
<br />1,179,902
<br />1,191,701
<br />1,203,618
<br />1,215,654
<br />1,227,811
<br />Allocations:
<br />Pavement Management Plan*
<br />-
<br />(2,500,000)
<br />-
<br />(1,000,000)
<br />-
<br />Kelley Pkwy/Twin Lk Rd/TH 10
<br />-
<br />(1,800,000)
<br />(3,000,000)
<br />-
<br />-
<br />-
<br />School Street Traffic Enhancements
<br />-
<br />(178,000)
<br />-
<br />-
<br />-
<br />-
<br />Traffic Control - Twin Lks Rd/181st Ave
<br />-
<br />-
<br />(125,000)
<br />-
<br />-
<br />-
<br />Hwy 169 Frontage/Backage Roads
<br />-
<br />-
<br />-
<br />1,950,000,
<br />-
<br />-
<br />Ending Balance
<br />$2,430,015
<br />$1,631,917
<br />$(2,801,382)
<br />$(3,547,763)
<br />$(3,332,109)
<br />$(2,104,298)
<br />*=State -aid roads portion of pavement management plan
<br />
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