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10-08-2025 Parks and Recreation Commission Packet (3)
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10-08-2025 Parks and Recreation Commission Packet (3)
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City Government
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10/8/2025
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City of Elk River <br />Park Dedication Fund <br />2025 Estimate Commission Notes 2025 Potential Revised Estimate <br />Cash Balance - Beginning $1,017,386.00 Cash Balance - Beginning $1,017,386.00 <br />Revenues:Revenues: <br />Park dedication $150,000.00 Park dedication $150,000.00 <br />Sale of Property - Pinewood CD $28,780.00 Sale of Property - Pinewood CD $28,780.00 <br />Interest $18,000.00 Interest $18,000.00 <br />Total Revenues $196,780.00 Total Revenues $196,780.00 <br />Expenditures:Expenditures: <br />County Projects - cost share $275,000.00 County Projects - cost share $275,000.00 <br />Hillside Parking Lot $250,000.00 Commission does not recommend this as a priority for 2025.Hillside Parking Lot $0.00 <br />Highway 10 Trail $200,000.00 Commission does not recommend this as a priority for 2025.Highway 10 Trail $0.00 <br />Jackson Street Water Tower Park $25,000.00 Commission asks for discussion prior to spend.Jackson Street Water Tower Park $25,000.00 <br />Commission is exploring potential purchase and addition to Camp Cozy Maher Property $100,000.00 <br />Total $750,000.00 Total $400,000.00 <br />Revenues over/(under) Expenditures ($553,220.00)Revenues over/(under) Expenditures ($203,220.00) <br />Cash Balance - Ending $464,166.00 Cash Balance - Ending $814,166.00 <br />Page 57 of 57
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