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City of Elk River
<br />Park Improvement Fund
<br />2022 2023 2024 2025 2026 2027
<br />Estimate Estimate Estimate Estimate Estimate Estimate
<br />Cash Balance - Beginning $435,904 $194,237 $278,553 $354,003 $315,953 $70,203
<br />Revenues:
<br />Interest Income 5,000 3,500 4,000 - 5,500 -
<br />Youth Baseball Association - Dugouts 11,540 - - - - -
<br />Youth Football - Oak Knoll Lights 7,416 7,416 - - - -
<br />Lacrosse - Oak Knoll Lights 4,450 4,450 4,450 4,450 - -
<br />Grants - - - - - -
<br />Sponsorships 13,300 13,800 8,250 3,750 - -
<br />Transfer In-Liquor Fund 250,000 250,000 250,000 250,000 250,000 250,000
<br />Donations 6,522 - - - - -
<br /> Total Revenues 298,228 279,166 266,700 258,200 255,500 250,000
<br />Expenditures:
<br />Replace five cameras Orono Park - 6,500 - - -
<br />Athletic fields demand analysis/master plan 30,000 45,000 - - -
<br />FMP partnership for WHHCA 6,250 6,250 6,250 6,250 6,250
<br />GNT regional trail MP 9,500
<br />Country Crossing basketball court 112,584 - - - -
<br />Country Crossing playground - - - 125,000 -
<br />Deerfield basketball court - - - 50,000 -
<br />Lions Park disc golf 28,000 -
<br />Lions Park playground**100,000 - - -
<br />Ridgewood basketball court - - - 30,000 -
<br />Riverplace - playground/basketball court - - - - 185,000
<br />Trott Brook tennis court 261,760 - - - -
<br />Trott Brook playground - - 125,000 - -
<br />Reconstruct Kliever Lake
<br /> Fields basketball courts - - 50,000 - -
<br />Woodland Trails storage garage*- 17,600 - - -
<br />Woodland Trails nature play area - - - 75,000 -
<br />Pickleball shade shelters 59,883
<br />Misc. projects 41,418 10,000 10,000 10,000 10,000 10,000
<br />Lions Park Shelters replacements (3)300,000
<br />Fresno Park Playground 100,000
<br />Mississippi Oaks Playground 90,000
<br />Rivers Edge Commons Park fountain 75,000
<br /> Total Expenditures 539,895 194,850 191,250 296,250 501,250 275,000
<br />Revenues over/(under) Expenditures (241,667) 84,316 75,450 (38,050) (245,750) (25,000)
<br />Cash Balance - Ending $194,237 $278,553 $354,003 $315,953 $70,203 $45,203
<br />*WTRP Storage Garage shared with Park Dedication - $17,600 is current garage 2023 tax assessment
<br />**Lions Playground shared with park dedication - $100,000 is cost to replace current playground container
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