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City of Elk River
<br />Pavement Management Fund
<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 />$3,966,958
<br />$5,391,696
<br />$4,494,496
<br />$6,133,396
<br />$4,209,096
<br />$5,850,296
<br />Revenues:
<br />Charges for Services -
<br />Franchise Fee
<br />1,485,000
<br />1,485,000
<br />1,485,000
<br />1,485,000
<br />1,485,000
<br />1,485,000
<br />Other Revenue -
<br />Interest
<br />60,000
<br />107,800
<br />89,900
<br />122,700
<br />84,200
<br />117,000
<br />MSA- Street Maintenance
<br />419,738
<br />360,000
<br />364,000
<br />368,000
<br />372,000
<br />376,000
<br />MSA- Construction
<br />-
<br />2,500,000
<br />-
<br />-
<br />-
<br />3,750,000
<br />MNDOT - Kelley Pkwy/Twin Lks Rd
<br />-
<br />1,000,000
<br />Federal Grant - Kelley Pkwy/Twin Lks Rd
<br />2,000,000
<br />Spec. Assmts - Kelley Pkwy/Twin Lks Rd
<br />-
<br />500,000
<br />Transers In -
<br />Storm Water
<br />-
<br />100,000
<br />50,000
<br />-
<br />-
<br />Total Revenues
<br />1,964,738
<br />4,552,800
<br />1,938,900
<br />2,025,700
<br />1,941,200
<br />9,228,000
<br />Expenditures:
<br />Street Projects
<br />-
<br />4,900,000
<br />100,000
<br />3,400,000
<br />100,000
<br />4,500,000
<br />Hwy 169 Frontage/Backage Roads
<br />-
<br />-
<br />-
<br />-
<br />-
<br />1,500,000
<br />Kelley Pkwy/Twin Lakes Rd/TH 10
<br />75,000
<br />6,500,000
<br />School Street Traffic Enhancements
<br />40,000
<br />-
<br />Sealcoat/Overlay program
<br />425,000
<br />200,000
<br />200,000
<br />200,000
<br />200,000
<br />200,000
<br />Parking Lots
<br />-
<br />350,000
<br />-
<br />350,000
<br />-
<br />350,000
<br />Total Expenditures
<br />540,000
<br />5,450,000
<br />300,000
<br />3,950,000
<br />300,000
<br />13,050,000
<br />Revenues less Expenditures
<br />1,424,738
<br />(897,200)
<br />1,638,900
<br />(1,924,300)
<br />1,641,200
<br />(3,822,000)
<br />Cash Balance - Ending
<br />$5,391,696
<br />$4,494,496
<br />$6,133,396
<br />$4,209,096
<br />$5,850,296
<br />$2,028,296
<br />Beginning balance
<br />New Allotment (average)
<br />Allocations:
<br />Pavement Management Plan*
<br />CSAH 12 - Local cost share
<br />CSAH 13 - Local cost share
<br />CR 33 - Local cost share
<br />CR 44 - Local cost share
<br />Hwy 169 - Local cost share
<br />Hwy 169 Frontage/Backage Roads
<br />Kelley Pkwy/Twin Lakes Rd/Th 10
<br />Ending Balance
<br />Municipal State Aid -Construction Balance
<br />2020 2021
<br />$2,430,015 $ 2,642,651
<br />1,259,214 1,095,000
<br />2022 2023
<br />$ 887,651 $ 1,993,651
<br />1,106, 000 1,117, 000
<br />2024 2025
<br />$ 3,090,651 $ 568,651
<br />1,128, 000 1,139, 000
<br />- (2,500,000) - - - -
<br />(1,046,578) - - - - -
<br />- (350,000) - - - -
<br />- - - (20,000) - -
<br />- - - - (750,000)
<br />- - - - (2,900,000)
<br />- - - - - (750,000)
<br />- - - - - (3,000,000)
<br />$2,642,651 $ 887,651 $ 1,993,651 $ 3,090,651 $ 568,651 $(2,042,349)
<br />*=State -aid roads portion of pavement management plan
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