|
CITY OF ELK RIVER
<br />Building Reserve Capital Budget
<br />update 10/03/2008 Budget Estimate Estimate Estimate Estimate Estimate
<br />2007 2008 2009 2010 2011 2012 2013
<br />Beginning Cash Balance 1,112,035 1,637,160 1,792,794 2,230,417 1,905,158 1,673,903 1,430,753
<br />Sources of Funds
<br />Landfill Host Fee 724,400
<br />Bond Proceeds -
<br />Miscelleanous 76,519
<br />Fire Station #1 expansion from Ambulance 57,624
<br />Transferln
<br />800,000 800,000 - - -
<br />- - 4,500,000 - -
<br />62,894 62,894 62,894 62,894 5,214
<br />Liquor Funds 2,500,000 - - -
<br />Interestearnings 65,164 65,486 71,712 89,217 76,206 66,956 57,230
<br />Total Sources of Funds 923,707 928,380 934,606 7,152,111 139,100 72,170 57,230
<br />Expenditures
<br />Fire Station Expansion #3 - - - - - - -
<br />Public Works Facility Expansion - 50,000 50,000 7,000,000 - - -
<br />Library Project 300,724 249,276 - - - - -
<br />Old Library (Cooling system & Condensor) 26,000 - - - - -
<br />Mobile Offices (Streets & PW) 19,358 5,000 - - - - -
<br />Floor in cold storage building 20,000 - - - - -
<br />Chiller 70,000 - - - - -
<br />Sealcoating program (Gov't buildings) - - 41,718 96,380 63,830 8,450 10,000
<br />Boiler Replacement (City Hall) - 25,000 - - - -
<br />2water heaters 8,500 - - - - -
<br />IT expansion on 2nd Floor 10,000 - - - - -
<br />Miscellaenous projects (future building repair 3,500 50,000 75,000 75,000 75,000 75,000 100,000
<br />2006C Bonds (Library Debt) - 208,970 230,265 230,990 231.525 231.870 232.025
<br />1997 Bonds (City Hall Debt) 75,000 75,000 75,000 75,000
<br />Tota! Building Reserve Uses of Funds - 398,582 772,746 496,983 7,477,370 370,355 315,320 342,025
<br />Ending Cash Balance 1,637,160 1,792,794 2,230,417 1,905,158 1,673,903 1,430,753 1,145,958
<br />Debt Service (Public Works Building)
<br />Rate Term
<br />2010 Debt 5.00% 25 {319,286} {319,286} (319,286)
<br />
|