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(Draft January 2002) Key Financial Strategies <br /> For Elk River <br /> <br />F~.qonue <br /> <br />Expenditures <br /> <br />Net transfers <br /> <br />Surplus/Deficit <br /> <br />Fund Balance <br /> <br />The construction of the fire station(s) will require the <br />issuance of bonds. The type of bond becomes a policy <br />decision for the City. <br />The City can seek voter approval to issue general obligation <br />bonds. The fire stations can be financed without an <br />election using lease revenue bonds. <br /> <br />Regardless of the type of bond, the debt will be supported <br />with property taxes. <br /> <br />Property tax <br />Landfill surcharge <br />Int a-est <br />Other <br /> <br />Governme~Buil~ngsRese~e <br /> <br /> 1997 1998 1999 2000 <br /> 0 0 0 0 <br /> 361,990 416,804 400,226 563,682 <br /> 20,984 31,422 37,733 91,242 <br /> 1,800 1,800 1,800 1,800 <br /> <br />384,774 450,026 439,759 656,724 <br /> <br />Current <br />Capital <br /> <br />0 0 0 0 <br />0 0 0 0 <br /> <br />0 0 0 0 <br /> <br />(75,000) (185,000) (75,000) 0 <br /> <br />309,774 265,026 364,759 656,724 <br /> <br />Begin <br />End <br /> <br />186,649 500,669 765,695 1,130,454 <br />496,423 765,695 1,130,454 1,787,178 <br /> <br />Page <br /> 46 <br /> <br /> <br />