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City of Elk River
<br />Park Improvement Fund
<br />2019 2020 2021 2022 2023 2024 Future
<br />Estimate Estimate Estimate Estimate Estimate Estimate Projects
<br />Cash Balance - Beginning $26,581 $474,896 $68,768 $66,640 $82,972 $144,472 $217,472
<br />Revenues:
<br /> Other Revenue
<br /> Interest Income 2,000 9,500 1,500 1,500 1,500 3,000 4,500
<br /> Youth Baseball Association - Dugouts 11,540 √11,540 11,540 - - - -
<br /> Youth Football - Oak Knoll Lights 7,416 √7,416 7,416 7,416 - - -
<br /> Lacrosse - Oak Knoll Lights 7,416 √7,416 7,416 7,416 - - -
<br /> Grants 362,000 - - - - - -
<br /> Transfer In-Liquor Fund 214,855 √200,000 200,000 200,000 200,000 200,000 200,000
<br /> Donations 685 √- - - - - -
<br /> Total Revenues 605,912 235,872 227,872 216,332 201,500 203,000 204,500
<br />Expenditures:Notes
<br />Country Crossing Basketball Court Replacement - - 50,000 - - - -
<br />Country Crossing Playground Replacement - - - - - 100,000 -
<br />DAAC Field Improvements - - - - - - 510,000
<br />Deerfield Basketball Court - - - - - - -
<br />Deerfield Park Basketball Court Replacement - - - - - - 25,000 Meets replacement age, continue to assess
<br />Fresno Park Court Replacement - - 30,000 - - - - Reduce to Half Court
<br />Heritage Landing/Country Crossing Trail - - - - - - 120,000 Seek alternate funding source
<br />Houlton restoration (FMR match)10,000 √10,000 - - - - -
<br />Lions Park Master Plan 15,000 - - - - - -
<br />LJWP Park Playground - - - 200,000 - - -
<br />LJWP Basketball Court Replacement - - - - - - 75,000 Meets replacement age, continue to assess
<br />LJWP Trail Reconstruction - - - - - - 203,000 Seek alternate funding source
<br />Mississippi Road Trail Reconstruction - - - - - - 120,000 Seek alternate funding source
<br />Orono Park Trails Reconstruction - - - - - - 166,000 Seek alternate funding source
<br />Park Property Lines 3,739 √- - - - - -
<br />Ridgewood Park Basketball Court Replacement - - - - - 30,000 -
<br />Rivers Edge - flagpole/dock 1,372 √- - - - - -
<br />Sport Court Resurfacing 37,857 √- - - 40,000 - -
<br />Trail Repairs & Connections - - - - - - -
<br />Trott Brook Tennis Court Replacement - - 150,000 - - - -
<br />Volleyball Nets - 5,000 - - - - -
<br />Woodland Trails Design Services 60,653 √- - - - - -
<br />Woodland Trails Garage - - - - 100,000 - -
<br />Woodland Trails Grant/Match - 387,000 - - - - -
<br />Woodland Trails Survey 28,976 √- - - - - -
<br />Woodland Trails Well/Concrete/ Shelter/Amenities - 90,000 - - - - -
<br />YAC Dugouts - 150,000 - - - - -
<br /> Total Expenditures 157,597 642,000 230,000 200,000 140,000 130,000 1,219,000
<br />Revenues over/(under) Expenditures 448,315 (406,128) (2,128) 16,332 61,500 73,000 (1,014,500)
<br />Cash Balance - Ending $474,896 $68,768 $66,640 $82,972 $144,472 $217,472 ($797,028)
<br />8/28/2019
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