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City of Elk River
<br />Park Improvement Fund
<br />202220232024202520262027
<br />EstimateEstimateEstimateEstimateEstimateEstimate
<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
<br /> 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
<br /> - - 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 />100,000
<br />Fresno Park Playground
<br />90,000
<br />Mississippi Oaks Playground
<br />75,000
<br />Rivers Edge Commons Park fountain
<br /> Total Expenditures
<br /> 539,895 194,850 191,250 296,250 501,250 275,000
<br />Revenues over/(under) Expenditures
<br /> (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 />Parks Commission Recommended 5-10-23
<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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