7.c CIP Fund 404CITY OF SCANDIA
Financial Management Plan
Park Capital Improvement Fund
Inflation Assumptions
4 CIP Inflation Factor 4.00% 0.00% 2.00% 4.00% 4.00% 4.00%4.00% 4.00% 4.00% 4.00% 4.00%
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
ACTUAL Proposed
REVENUE
5 Property taxes 20,000 20,000 60,000 62,400 64,896 67,492 70,192 72,999 75,919 78,956 82,114
6 Intergovernmental 10,125 112,500
7 Charges for services
8 Investment Income 620 66 66 66 66 66 66 66 66 66 66
9 Sale of capital assets
10 Park Dedication Fees - - - - - - - - - -
11 Rental and lease income - - - - - - - - - - -
Transfer from General Fund 200,000
12 Miscellaneous Revenue 7,949 8,068 5,000 5,075 5,151 5,228 5,307 5,386 5,467 5,549 5,632
13 Total Revenue 38,694 340,634 65,066 67,541 70,113 72,786 75,564 78,451 81,452 84,571 87,812
EXPENSES
14 Total Current
15 Debt service
16 Total Capital Projects 48,113 202,125 300,000 99,953 78,009 64,042 - -
17 Total Expenses 48,113 202,125 300,000 99,953 78,009 64,042 - - - - -
18 Revenue Over / (Under) Expenses (9,419) 138,509 (234,934) (32,412) (7,896) 8,744 75,564 78,451 81,452 84,571 87,812
OTHER FINANCING SOURCES / (USES)
19 Bond Proceeds
20 Transfers In
21 Transfers Out
22 Transfers Out-
22 Total Other Sources / (Uses)- - - - - - - - - - -
23 Prior Period Adjustments
24 Ending Fund Balance 138,798 277,306 42,372 9,959 2,063 10,807 86,371 164,822 246,274 330,845 418,657
CITY OF SCANDIA
Financial Management Plan
Park Capital Improvement Fund 404
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2021 2016 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Capital Project Name Year Costs ACTUAL Proposed
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25 Park Planning 2022 15000 10,500 4,500
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Community Center Park-concrete, grill, table,
benches 2022 112500 33,488
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Playground Equipment - Community Center
Park 2022 122500 180,319
28 Lilleskogen Park Picnic Shelter 2024 43700 3,000
29 Gateway Trail Improvements @ Annex 2024 0 50,000
30 Hay Lake Park - sign 2023 8653 8,653
31 Park signage at Orwell Park (Liten)2023 8653 8,653
32 Replace rink boards 2024 134984 175,000
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Lilleskogen Praire/Wetland Restoration
Project 2025 12878 1,125
34 Nature park trails 2025 42700 49,953
35 Playground Equipment - Erickson ballfield 2025 66682 78,009
36 Tennis Court/Pickle Ball - repaint 2024 60533 125,000
37 Expanded Pleasure Rink 2027 12653 16,010
38 Hay Lake Park Shelter water & doors 2027 101226 128,083
39 New Ballfield to Replace South Ball Field 2027 44286 56,036
40 Settlers MonutPossible Reloc/Imp 2027 37960 48,032
41 CIP Place Holder 2031 50000
42 Total Capital Projects 874,908 - 48,113 202,125 300,000 99,953 78,009 64,042 128,083 56,036 - - -
PROJECTED NEW DEBT TERMS
43 Par Amount (Line 19) - - - - - - - - - - - -
44 Number of Years 10 10 10 10 10 10 10 10 10 10 10 10
45 Interest Rate 2.00% 2.50% 3.00% 3.00% 3.00% 3.00%3.00% 3.00% 3.00% 3.00% 3.00%
46 New Debt Levy 0 0 0 0 0 0 0 0 0 0 0 0
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