|
12mzoo7
<br />CITY OF ELK RIVER
<br />Building Reserve Capital Budget
<br />2006 2007 2008 2009 2010 2011 2012 2013 2014
<br />Beginning Cash Balance 1,115,218 1,477,390 1,975,909 2,557,575 441,782 215,822 (77,201) (409,226)
<br />Sources of Funds
<br />Revenues 957,563 962,894 962,894 62,894 62,894 5,214 - -
<br />Bond Proceeds - - - 3,100,000 - - - 2,250,000
<br />Transferln
<br />Liquor Funds 2,000,000 - - - -
<br />Interest earnings 44,609 59,096 79,036 102,303 17,671 8,633
<br />Total Sources of Funds 1,002,172 1,021,990 1,041,930 5,265,197 80,565 13,847 - 2,250,000
<br />Expenditures
<br />Fire Station Expansion #3 - - - - - - 2,250,000
<br />Public Works Facility Expansion - 50,000 50,000 7,000,000 - -
<br />Library Project 550,000 - - - - -
<br />Old Library (Cooling system & Condenser) 26,000 - - - -
<br />Mobile Offices (Streets & PW) 15,000 5,000 5,000 - - -
<br />Floor in cold storage building 20,000 - - - -
<br />Chiller 70,000 - - - -
<br />Boiler Replacement (City Hall) - 25,000 - - -
<br />2water heaters 8,500 - - - -
<br />ITexpansion an 2nd Floor 10,000 - - - -
<br />Miscellaenous projects (future building repairs) - 50,000 75,000 75,000 75,000 75,000 100,000 100,000
<br />2006C Bonds (Library Debt) - 208,970 230,265 230,990 231 525 231.870 232,025 231 P90
<br />~-
<br />1997 Bonds (City Hall Debt) 75,000 75,000 75 000 75,000 ~-
<br />Total Building Reserve Uses of Funds - - 640,000 523,470 460,265 7,380,990 306,525 306,x70 332,025 2,531,990
<br />Ending Cash Balance 1,115,218 1,477,390." 1,975,909 Y,55T575 441,782 215,822 (77,201) (409,226) (741,216).
<br />Debt Service (estimated payments for public works building)
<br />Rate Term
<br />2007 Debt 4.00% 25 0 0 0 0 0 0 0
<br />2008 Debt 5.00% 25 0 0 0 0 0 0
<br />2009 Debt 5.00% 25 0 0 0 0 0
<br />2010 Debt 5.00% 25 (219,953) (219,953) (219,953) (219,953}
<br />2011 Debt 5.00% 25 0 0 0
<br />2012 Debt 5.00% 25 0 0
<br />2013 Debt 5.00% 25 0
<br />2014 Debt 5.00 % 25
<br />2015 Debt 5.00% 25
<br />Total Debt Service 0 0 0 0 0 (219,953) (219,953) (219,953) (219,953)
<br />
|