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(Draft January 2002) Key Financial Strate~es <br /> For Elk River <br /> <br />Development of key financial strategies occurred through a series of City Council <br />workshops. These workshops allowed the City Council to review and consider <br />information about various aspects of city finances. The data presented in the <br />workshops is summarized in this section. <br /> <br />Planning begins with an examination of trends. The future builds off of what <br />exists today. Trends show how you arrived at the current financial conditions. <br />Trends illustrate forces of changes that will influence future directions. <br /> <br />Population <br /> <br />for City services and facilities. Population trends for Elk River show: <br /> <br />DATA <br /> <br />Trends <br /> <br />Elk River's population increased 47% from 1990 to 1999. <br />The City gained an average of 584 people per year. <br /> <br />1,200 <br /> <br />1,000 <br /> <br />80O <br /> <br /> 1 Populabon I <br />600 L <br /> <br />4OO <br /> <br />200 <br /> <br /> 0 <br />1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 <br /> <br />F/gure I - Population Trends <br /> <br />Building Perm/ts <br />Population change deals with people. Building permit data points to physical <br />changes in the community. Elk River reports building permit data for various <br />types of development. <br /> <br />Elk River grows by an average of 200 new homes (single and twin) each <br />year. <br /> <br />Page <br /> 23 <br /> <br /> <br />