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City of Elk River
<br />Park Improvement Fund
<br />2020 2021 2022 2023 2024 2025 Future
<br />Estimate Estimate Estimate Estimate Estimate Estimate Projects
<br />Cash Balance - Beginning $474,896 $28,812 $75,684 $103,556 $222,972 $322,472 $322,472
<br />Revenues:
<br /> Other Revenue
<br /> Interest Income 2,500 500 1,500 2,000 4,500 6,500 6,500
<br /> Youth Baseball Association - Dugouts - 11,540 11,540 - - - -
<br /> Youth Football - Oak Knoll Lights 7,416 7,416 7,416 - - - -
<br /> Lacrosse - Oak Knoll Lights - 7,416 7,416 7,416 - - -
<br /> Grants - - - - - - -
<br /> Transfer In-Liquor Fund 200,000 250,000 250,000 250,000 250,000 250,000 250,000
<br /> Donations - - - - - - -
<br /> Total Revenues 209,916 276,872 277,872 259,416 254,500 256,500 256,500
<br />Expenditures:Notes
<br />Country Crossing Basketball Court Replacement - 50,000 - - - - -
<br />Country Crossing Playground Replacement - - - - 100,000 - -
<br />DAAC Field Improvements - - - - - - 510,000
<br />Deerfield Basketball Court - - - - - - -
<br />Deerfield Park Basketball Court Replacement - - - - 25,000 - -
<br />Fresno Park Court Replacement - 30,000 - - - - - Reduce to Half Court
<br />Heritage Landing/Country Crossing Trail - - - - - 120,000 -
<br />Houlton restoration (FMR match)10,000 √- - - - - -
<br />Lions Park Master Plan - - - - - - -
<br />LJWP Park Playground - - 250,000 - - - -
<br />LJWP Basketball Court Replacement - - - - - - 75,000 Meets replacement age, continue to assess
<br />LJWP Trail Reconstruction - - - - - 203,000 -
<br />Mississippi Road Trail Reconstruction - - - - - 120,000 -
<br />Orono Park Trails Reconstruction - - - - - - 166,000 Seek alternate funding source
<br />Orono Park Plat 14,000 √- - - - - -
<br />Park Property Lines - - - - - - -
<br />Ridgewood Park Basketball Court Replacement - - - - 30,000 - -
<br />Rivers Edge - flagpole/dock - - - - - - -
<br />Sport Court Resurfacing - - - 40,000 - - -
<br />Trail Repairs & Connections - - - - - - -
<br />Trott Brook Tennis Court Replacement - 150,000 - - - - -
<br />Volleyball Nets 5,000 - - - - - -
<br />Woodland Trails Design Services - - - - - - -
<br />Woodland Trails Garage - - - 100,000 - - -
<br />Woodland Trails Grant/Match 387,000 - - - - - -
<br />Woodland Trails Survey - - - - - - -
<br />Woodland Trails Well/Concrete/ Shelter/Amenities 90,000 - - - - - -
<br />YAC Dugouts 150,000 - - - - - -
<br /> Total Expenditures 656,000 230,000 250,000 140,000 155,000 #443,000 751,000
<br />Revenues over/(under) Expenditures (446,084) 46,872 27,872 119,416 99,500 #(186,500) (494,500)
<br />Cash Balance - Ending $28,812 $75,684 $103,556 $222,972 $322,472 ##$135,972 ($172,028)
<br />8/28/2019
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