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5.c)i) Park Capital Fund - Budget summaryPARK CAPITAL IMPROVEMENTS (FUND 404) 2016 2017 2017 2018 Account Description Actual YTD Budget Proposed FUND BALANCE Revenue $ 8,253 $ 5,450 $ 33,700 $ 215,700 (24,907) $ (21,407) $ (29,107) $ (22,907) Designated - Wayne Erickson $ 15,125 Expenditures $ - $ 3,557 $ 34,700 $ 18,220 (9,666) $ (22,758) $ (11,186) Net Revenues (Expenditures) $ 8,253 $ 1,893 $ (1,000) $ 197,480 Balance January 1 $ (19,812) $ (11,559) $ (11,559) $ (9,666) Balance December 31 $ (11,559) $ (9,666) $ (12,559) $ 187,814 Advance from (to) Capital Improvement fund 1 $ (6,000) $ (3,000) $ (6,000) $ (6,000) CASH BALANCE 12/31 $ 17,441 $ (1,107)1 $ 10,4411 $ 190,373 Balance by sub -fund Undesignated $ (1,777) $ (1,777) $ (1,776) $ (1,776) Designated - Lilliskogen $ (24,907) $ (21,407) $ (29,107) $ (22,907) Designated - Wayne Erickson $ 15,125 $ 13,518 $ 8,125 $ 13,498 $ (11,559) $ (9,666) $ (22,758) $ (11,186) Balance due to Capital Improvement Fund $ 29,000 $ 26,000 $ 23,000 $ 17,000 PARK CAPITAL IMPROVEMENTS (FUND 404) 2016 2017 2017 2018 Account Description Actual YTD Budget Proposed REVENUE Taxes Total Property Taxes $ - $ - $ - $ - Intergovernmental Revenues 33640 Other Grants $ - $ - $ - Total Intergovernmental Aid $ - $ $ - 1 $ - 1 $ - Charges for Services 311 $ 1,200 $ 1,200 121 PERA Coord. Employer Contribution $ - $ 38 34730 Ballfield Ad Revenue $ 2,100 $ 1,950 $ 2,700 $ 2,200 34780 Park Dedication Fees $ 6,000 $ 3,000 $ 6,000 $ 6,000 Total Charges for Services $ 8,100 $ 4,950 $ 8,700 $ 8,200 Other Income 36210 Interest Income $ 61 36230 Donations $ 93 $ 500 $ 25,000 $ 7,500 36260 Sale of property $ 200,000 Total Other Income $ 153 $ 500 $ 25,000 $ 207,500 Other Financing Sources Total Other Financing S Total Park Capital Improvements Fund 404 $ 8,253 $ 5,450 1 $ 33,700 1 $ 215,700 EXPENDITURES Personal Services 101 Regular Wages & Salaries $ - $ 211 $ - $ - 104 Temp Employee Wages $ - $ 311 $ 1,200 $ 1,200 121 PERA Coord. Employer Contribution $ - $ 38 $ 100 $ 100 122 FICA Employer Contribution $ - $ 32 $ 100 $ 100 126 Medicare 8 $ - Total Personal Services $ - 1 $ 388 1 $ 1,400 $ 1,400 Materials & Supplies 210 Operating Contractual Services 381 Utilities $ - $ - $ - $ 500 384 Refuse Disposal $ - $ - $ - $ 500 Total Contractual Services $ - $ - $ - $ 1,000 Capital Outlays 520 Capital Improvements to Bldgs $ - $ - $ 25,000 $ 15,000 530 Capital Improvements other than Bldg $ - $ 3,169 $ 7,500 $ - 540 Heavy Machinery Capital Total Capital Outlays $ - $ 3,169 $ 32,500 $ 15,000 Total Dept. Fund 404 $ - 1 $ 3,557 1 $ 34,700 1 $ 18,220 PARK CAPITAL IMPROVEMENTS (FUND 404) Account Description $ 2016 Actual $ 2017 YTD $ 2017 Budget $ 2018 Proposed Expenditure FUND DESIGNATIONS $ (3,557) $ (9,700) $ (35,200) Undesignated (15,000) Net $ 6,093 $ 3,500 $ (4,200) Revenue $ 61 $ - $ -$ $ - Expenditure $ - $ - $ - $ 15,125 Net $ 61 $ - $ - $ - Balance 1/1 $ (1,837) $ (1,776) $ (1,776) $ (1,776) Transfer Balance 12/31 1 $ (1,776) $ (1,776) $ (1,776) $ (1,776) Lilleskoeen Revenue $ 6,093 $ 3,500 $ 31,000 $ 13,500 Expenditure - $ (3,557) $ (9,700) $ (35,200) $ (15,000) Net $ 6,093 $ 3,500 $ (4,200) $ (1,500) Balance 1/1 $ (31,000) $ (24,907) $ (24,907) $ (21,407) Transfer 7,500 $ - Balance 12/31 $ 15,125 1 $ 13,518 1 Balance 12/31 $ (24,907) $ (21,407) $ (29,107) $ (22,907) Wavne Erickson Revenue $ 2,100 $ 1,950 $ 2,700 $ 2,200 Expenditure $ - $ (3,557) $ (9,700) $ (2,220) Net $ 2,100 $ (1,607) $ (7,000) $ (20) Balance 1/1 $ 13,025 $ 15,125 $ 15,125 $ 13,518 Transfer $ - $ - $ 3,169 $ 7,500 $ - Balance 12/31 $ 15,125 1 $ 13,518 1 $ 8,125 1 $ 13,498 IMPROVEMENTS BY LOCATION Lilleskogen - to be 100% funded through grants & donations Picnic shelter $ - $ - $ 25,000 $ 15,000 $ - $ - $ 25,000 $ 15,000 Wayne Erickson - to be funded through advertising revenues Bleacher/ Concession improvements $ - $ 3,169 $ 7,500 $ - $ - $ 3,169 $ 7,500 $ -