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CITY OF ELK RIVER
<br />EQUIPMENT REPLACEMENT FUND
<br />Rate Change
<br />5% 5% 5% 5°/u
<br />BUDGET ESTIMATE ESTIMATE ESTIMATE ESTIMATE
<br />2008 2009 2010 2011 2012 2013
<br />Revenues from charges 250,000 262,500 275,625 289,406 303,877
<br />PILOT 400,000 400,000 400,000 400,000 400,000
<br />Aerial Ladder loan
<br />Interest earnings 40,000 41,134 26,859 21,855 25,104
<br />Other revenues (sale of assets) 75,000 75,000 75,000 75,000 75,000
<br />Total Revenues - 765,000 778,634 777,484 786,261 803,981
<br />Aerial Ladder toan payments
<br />Aerial Ladder (20141
<br />Capital Outlay -Equipment 731,650 1,130,500 * 897,600 * 700,025 783,000
<br />Miscellaneous expenditures (painting/auctionsl 5,000 5,000 5,000 5,000 5,000
<br />Total Expenditures - 736,650 1,135,500 902,600 705,025 788,000
<br />Cash balance 1,000,000 1,028,350 671,484 546,368 627,604 643,585
<br />*Additional units based on growth and service needs. 125,000 75,000 250,000
<br />Cash balance less additional units 1,000,000 1,028,350 796,484 621,368 627,604 893,585
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