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City of Elk River
<br />Government Building
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Estimate
<br />Cash Balance - Beginning
<br />$2,878,131
<br />$3,574,393
<br />$ 4,229,870
<br />5,025,972
<br />5,715,449
<br />Revenues:
<br />Landfill expansion fee
<br />2,000,000
<br />2,020,000
<br />2,040,000
<br />2,060,500
<br />2,081,000
<br />Interest earnings
<br />43,000
<br />62,500
<br />84,500
<br />100,500
<br />142,886
<br />Total Revenues
<br />2,043,000
<br />2,082,500
<br />2,124,500
<br />2,161,000
<br />2,223,886
<br />Expenditures:
<br />City hall - Roof replacement
<br />500,000
<br />-
<br />-
<br />-
<br />-
<br />City hall - Exterior finish repair
<br />60,000
<br />-
<br />-
<br />-
<br />-
<br />Public safety building - indoor range
<br />-
<br />100,000
<br />-
<br />-
<br />-
<br />Phone system replacement
<br />-
<br />-
<br />-
<br />144,000
<br />-
<br />Debt Service * -
<br />2020B/2012A PW Building Bonds
<br />383,070
<br />394,695
<br />395,320
<br />390,320
<br />389,695
<br />2020A PS/Fire Building Bonds
<br />239,223
<br />565,848
<br />568,598
<br />570,348
<br />566,223
<br />2021A Fire Station/Equip Bonds
<br />164,445
<br />366,480
<br />364,480
<br />366,855
<br />369,855
<br />Total Expenditures
<br />1,346,738
<br />1,427,023
<br />1,328,398
<br />1,471,523
<br />1,325,773
<br />Revenues over/(under) Expenditures
<br />696,263
<br />655,477
<br />796,102
<br />689,477
<br />898,113
<br />Cash Balance - Ending
<br />$3,574,393
<br />$4,229,870
<br />$5,025,972
<br />$5,715,449
<br />$6,613,562
<br />* Debt service transition to tax levy
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