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CITY OF ELK RIVER
<br />StreetlCapital Improvement Budget
<br />Beginning Cash Balance
<br />Budget Estimate Estimate Estimate Estimate Estimate
<br />2007 2008 2009 2010 2011 2012 2013
<br />4,819,683 5,840,711 4,278,277 3,971,703 4,012,690 3,955,316 3,915,618
<br />Sources of Funds
<br />Special Assessments (pre-paids) 413,450 - ~' 33,333 - ~" 41,667 - 50,000
<br />Special Assessments (over-lay projects etc.) 542,495 303,938 247,294 182,119 ~ 182,119 77,089 46,998
<br />Special Assessments (2008, 2010, 2012 over-l ay) 150,000 100,000 275,000 225,000 350,000 200,000
<br />Landfill Host Fee 131,016 150,000`. 150,000 - - - -
<br />Bond Proceeds 3,090,000 - `~ 666,667 - 833,333 - ,000,000
<br />Tax settlements 19,161
<br />Other (ERMU) 193,533 - - - - - -
<br />TIF 19 Payment 14,769
<br />Miscelleanous 5,040
<br />MSA' 1,000,000 - - - - - -
<br />Transfer In
<br />Surface Water Management Fund 512,960 - - - - - -
<br />Interest 264,690 233,628 171,131 158,868 160,508 158,213 156,625
<br />Total Sources of Funds 6,187,114 837,566 1,368,425 615,987 1,442,627 585,302 1,453,623
<br />Expenditures
<br />2007 Improvement Projects (Deerfield & Irvin 3,433,835
<br />Main Street/Jackson Ave Overlay 430,000
<br />Jackson Rd/School St. Intersection Modificatio ns 350,000
<br />Main Street Right Turn Lane 175,000 250,000
<br />Right turn lane on North Bound Proctor .150,000
<br />Detached Trail on 197/198th Avenue
<br />Overlay Projects (5-year payback) 500,000 550,000 600,000
<br />Trott Brook Road Crossing - -
<br />Main Street Mill and Overlay 500,000
<br />TH10 Parking Lot 80,000
<br />Land Acquisition for CASH 33 440,000
<br />Improvement Projects 302,411 1,000,000 1,250,000 1,500,000
<br />Street Light Replacement HWY 10 100,000
<br />Parking Ramp Study 22,100
<br />Streetscape design 25,840
<br />Signal Light Painting - 25,000 - 25,000
<br />Transportation Plan Corridor 100,000
<br />HWY 10 GeometriGEnvironmental Study 500,000
<br />HWY 169 Study Repayment 1,004,990
<br />Transfers Out 376,910
<br />Total Street/Capital Improvement Uses of - 5,166,086 2,400,000 1,675,000 575,000 1,500,000 625,000 1,750,000
<br />Ending Cash Balance 5,840,711 4,278,277 3,971,703 4,012,690 3,955,316 3,915,618 3,619,241
<br />Debt Service ~ -
<br />Rate Term
<br />2009 Debt 5.00% 10 (56,119) (56,119) (56,119) (56,119)
<br />2011 Debt 5.00% 10 (70,148} (70,148)
<br />2013 Debt 5.00% 10
<br />Total Debt Service 0 0 0 (56,119) (56,119} (126,267) (126,267)
<br />* = MSA may be available in 2012 pending final costs on the 193~d project and loan payback.
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