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City of Elk River
<br />Pavement Management Fund
<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 />$5,317,552
<br />$6,845,952
<br />$5,073,852
<br />$6,636,352
<br />$3,900,052
<br />Revenues:
<br />Charges for Services -
<br />Franchise Fee
<br />1,535,000
<br />1,550,000
<br />1,566,000
<br />1,582,000
<br />1,598,000
<br />Other Revenue -
<br />Interest
<br />106,400
<br />136,900
<br />101,500
<br />132,700
<br />78,000
<br />MSA - Street Maintenance
<br />387,000
<br />391,000
<br />395,000
<br />399,000
<br />-
<br />MSA - Construction
<br />-
<br />-
<br />-
<br />3,750,000
<br />-
<br />MNDOT - Kelley Pkwy/Twin Lks Rd
<br />-
<br />-
<br />-
<br />1,000,000
<br />-
<br />Federal Grant - Kelley Pkwy/Twin Lks Rd
<br />-
<br />-
<br />-
<br />2,000,000
<br />-
<br />Spec. Assmts - Kelley Pkwy/Twin Lks Rd
<br />-
<br />-
<br />-
<br />500,000
<br />-
<br />Transers In -
<br />Storm Water
<br />-
<br />50,000
<br />-
<br />100,000
<br />-
<br />Total Revenues
<br />2,028,400
<br />2,127,900
<br />2,062,500
<br />9,463,700
<br />1,676,000
<br />Expenditures:
<br />Street Projects
<br />100,000
<br />3,350,000
<br />100,000
<br />4,400,000
<br />100,000
<br />Hwy 169 Frontage/Backage Roads
<br />-
<br />-
<br />-
<br />750,000
<br />-
<br />Kelley Pkwy/Twin Lakes Rd/TH 10
<br />-
<br />-
<br />-
<br />6,500,000
<br />-
<br />Seal coat/Overlay program
<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 />Trails
<br />200,000
<br />-
<br />200,000
<br />-
<br />200,000
<br />Total Expenditures
<br />500,000
<br />3,900,000
<br />500,000
<br />12,200,000
<br />500,000
<br />Revenues less Expenditures
<br />1,528,400
<br />(1,772,100)
<br />1,562,500
<br />(2,736,300)
<br />1,176,000
<br />Cash Balance - Ending
<br />$6,845,952
<br />$5,073,852
<br />$6,636,352
<br />$3,900,052
<br />$5,076,052
<br />*********************************************************************************************
<br />Municipal State Aid - Construction Balance
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />Beginning balance
<br />$ 307,514
<br />$ 1,475,514
<br />$ 2,641,514
<br />$ 1,195,514
<br />$ (1,332,486)
<br />New Allotment (average)
<br />1,168,000
<br />1,186,000
<br />1,204,000
<br />1,222,000
<br />1,240,000
<br />Allocations:
<br />CR 33 - Local cost share
<br />-
<br />(20,000)
<br />-
<br />-
<br />-
<br />CR 44 - Local cost share
<br />-
<br />-
<br />(750,000)
<br />-
<br />-
<br />Hwy 169 - Local cost share
<br />-
<br />-
<br />(1,900,000)
<br />-
<br />-
<br />Hwy 169 Frontage/Backage Roads
<br />-
<br />-
<br />-
<br />(750,000)
<br />-
<br />Kelley Pkwy/Twin Lakes Rd/Th 10
<br />-
<br />-
<br />-
<br />(3,000,000)
<br />-
<br />Total Allocations
<br />-
<br />(20,000)
<br />(2,650,000)
<br />(3,750,000)
<br />-
<br />Ending Balance
<br />$1,475,514
<br />$2,641,514
<br />$1,195,514
<br />($1,332,486)
<br />($92,486)
<br />
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