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City of Elk River
<br />Government Building Reserve
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Cash Balance - Beginning
<br />$2,460,465
<br />$2,972,057
<br />$4,595,032
<br />$5,756,507
<br />$ 7,460,232
<br />9,204,857
<br />Revenues:
<br />Landfill expansion fee
<br />1,800,000
<br />1,800,000
<br />1,800,000
<br />1,800,000
<br />1,800,000
<br />1,800,000
<br />Property tax
<br />1,467
<br />-
<br />-
<br />-
<br />-
<br />-
<br />MPF lease revenue
<br />-
<br />25,400
<br />50,800
<br />50,800
<br />50,800
<br />50,800
<br />Interest earnings
<br />40,000
<br />29,500
<br />46,000
<br />86,500
<br />130,500
<br />230,121
<br />Total Revenues
<br />1,841,467
<br />1,854,900
<br />1,896,800
<br />1,937,300
<br />1,981,300
<br />2,080,921
<br />Expenditures:
<br />Multi -purpose Facility Project
<br />200,000
<br />-
<br />-
<br />-
<br />-
<br />-
<br />MPF - Lease Space
<br />400,000
<br />MPF - Naming Rights Contract
<br />159,000
<br />City hall - Carpet replacement
<br />137,000
<br />-
<br />City hall - Roof replacement
<br />-
<br />500,000
<br />-
<br />Phone system replacement
<br />-
<br />-
<br />-
<br />-
<br />-
<br />144,000
<br />Debt Service -
<br />2012A PW Building Bonds - 02/21 call
<br />433,875
<br />231,925
<br />235,325
<br />233,575
<br />236,675
<br />234,625
<br />Total Expenditures
<br />1,329,875
<br />231,925
<br />735,325
<br />233,575
<br />236,675
<br />378,625
<br />Revenues over/(under) Expenditures
<br />511,592
<br />1,622,975
<br />1,161,475
<br />1,703,725
<br />1,744,625
<br />1,702,296
<br />Cash Balance - Ending
<br />$2,972,057
<br />$4,595,032
<br />$5,756,507
<br />$7,460,232
<br />$9,204,857
<br />$10,907,153
<br />
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