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404 Fund - Parks1 CITY OF SCANDIA 2 Capital Improvement Plan 3 Park Investment Fund 404 4 5 Inflation Assumptions 6 Revenue (Non-property tax) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 7 Interest Earnings 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 8 Expenses 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 9 CIP Inflation Factor (thru Jun of the previous year) 4.05% 3.36% 3.53% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 10 11 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 12 Audited Approved Proposed 13 ANNUAL TAX LEVY 40,000 20,000 20,500 20,910 21,328 21,755 22,190 22,634 23,087 23,549 14 Percent Change in Annual Tax Levy -33.33% -50.00% 2.50% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 15 16 REVENUE 17 Property Taxes 40,000 20,000 20,500 20,910 21,328 21,755 22,190 22,634 23,087 23,549 18 Franchise Taxes - - - - - - - - - - 19 Special Assessments - - - - - - - - - - 20 Licenses, Permits, and Fees - - - - - - - - - - 21 Intergovernmental - - - - - - - - - - 22 Charges for Services 24,000 - - - - - - - - - 23 Fines & Forfeits - - - - - - - - - - 24 Investment Earnings (Losses) 734 - - - - - - - - - 25 Miscellaneous Revenues - - - - - - - - - - 26 Total Revenue 64,734 20,000 20,500 20,910 21,328 21,755 22,190 22,634 23,087 23,549 27 28 EXPENSES 29 Current 30 General Government - - - - - - - - - - 31 Public Safety - - - - - - - - - - 32 Public Works - - - - - - - - - - 33 Parks and Recreation - - - - - - - - - - 34 Economic Development - - - - - - - - - - 35 Total Capital Projects 108,276 - - 200,000 40,000 - 15,000 - - 117,391 36 Long Term Debt Principal - - - - - - - - - - 37 Long Term Debt Interest and Fiscal Agent Fees - - - - - - - - - - 38 Total Expenses 108,276 - - 200,000 40,000 - 15,000 - - 117,391 39 40 Revenue Over / (Under) Expenses (43,542) 20,000 20,500 (179,090) (18,672) 21,755 7,190 22,634 23,087 (93,842) 41 42 OTHER FINANCING SOURCES / (USES) 43 Bond Issuance and Premiums - - - - - - - - - - 44 Sale of Capital Assets - - - - - - - - - - 45 Transfers In - - - - - - - - - - 46 Transfers Out - - - - - - - - - - 47 Total Other Sources / (Uses) - - - - - - - - - - 48 49 Prior Period Adjustments - - - - - - - - - - 50 Ending Fund Balance 1,063 21,063 41,563 (137,527) (156,199) (134,444) (127,254) (104,620) (81,533) (175,375) 51 52 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 53 Priority Project #Capital Project Name Audited Approved Proposed 57 PR-050 Ballfield Reconstruction - Erickson ballfield 40,000 62 PR-058 Tennis Court/Pickle Ball - repaint 115,000 63 PR-059 Hay Lake Park Shelter water & doors 117,391 67 PR-064 Playground Equipment - Erickson ballfield 100,000 68 PR-066 Expanded Pleasure Rink 15,000 69 Wayne Erickson Pavillion/Storage 100,000 71 72 Budget Deviation (Over/Under) (6,724) - - - - - - - - - 73 Total Capital Projects 108,276 - - 200,000 40,000 - 15,000 - - 117,391 CASH FLOW ANALYSIS