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5.b)i) November Park Capital Fund Profit and Loss
PARK CAPITAL IMPROVEMENTS (FUND 404) 2016 2017 2017 Account Description Actual Projected Adopted FUND BALANCE Revenue $ 8,253 $ 11,450 $ 33,700 Expenditures $ - $ 3,737 $ 34,700 Net Revenues (Expenditures) $ 8,253 $ 7,713 $ (1,000) Balance January 1 $ (19,812) $ (11,559) $ (11,559) Balance December 31 $ (11,559) $ (3,846) $ (12,559) Advance from (to) Capital Improvement fund 1 $ (6,000) $ (6,000) $ (6,000) CASH BALANCE 12/31 $ 17,4411 $ 1,713 1 $ 10,441 Balance by sub -fund Undesignated $ (1,777) $ Designated - Lilliskogen $ (24,907) $ Designated - Wayne Erickson $ 15,125 $ (1,777) $ (1,776) (15,407) $ (29,107) 13,338 $ 8,125 Balance due to Capital Improvement Fund $ 29,000 $ 23,000 $ 11,000 PARK CAPITAL IMPROVEMENTS (FUND 404) 2016 2017 2017 Account Description Actual Projected Adopt( REVENUE Taxes Total Property Taxes $ - $ - $ - Intergovernmental Revenues 33640 Other Grants $ - $ - $ - Total Intergovernmental Aid $ - 1 $ - 1 $ - Charges for Services - $ 211 $ 1,200 121 PERA Coord. Employer Contribution $ 34730 Ballfield Ad Revenue $ 2,100 $ 1,950 $ 2,700 34780 Park Dedication Fees $ 6,000 $ 9,000 $ 6,000 Total Charges for Services $ 8,100 $ 10,950 $ 8,700 Other Income 36210 Interest Income $ 61 36230 Donations $ 93 $ 500 $ 25,000 36260 Sale of property Total Other Income $ 153 $ 500 $ 25,000 Other Financing Sources Total Other Financing S Total Park Capital Improvements Fund 404 $ 8,253 $ 11,450 1 $ 33,700 EXPENDITURES Personal Services 101 Regular Wages & Salaries $ - $ 200 $ - 104 Temp Employee Wages $ - $ 211 $ 1,200 121 PERA Coord. Employer Contribution $ - $ 311 $ 100 122 FICA Employer Contribution $ - $ 38 $ 100 126 Medicare $ 8 Total Personal Services $ - i $ 568 1 $ 1,400 Materials & Supplies 210 Operating Contractual Services Capital Outlays 520 Capital Improvements to Bldgs $ - $ - $ 25,000 530 Capital Improvements other than Bldg $ - $ 3,169 $ 7,500 540 Heavy Machinery Capital Total Capital Outlays $ - $ 3,169 $ 32,500 Total Dept. Fund 404 $ - 1 $ 3,737 1 $ 34,700 PARK CAPITAL IMPROVEMENTS (FUND 404) 2016 2017 2017 Account Description Actual Projected Adopted FUND DESIGNATIONS Revenue $ 61 $ - $ - Expenditure $ - $ - $ Net $ 61 $ - $ - Balance 1/1 $ (1,837) $ (1,776) $ (1,776) Transfer $ 9,500 $ Balance 12/31 $ (1,776) $ (1,776) $ (1,776) Lilleskoeen Revenue $ 6,093 $ 9,500 $ 31,000 Expenditure $ - $ - $ (35,200) Net $ 6,093 $ 9,500 $ (4,200) Balance 1/1 $ (31,000) $ (24,907) $ (24,907) Transfer Balance 12/31 $ 15,125 1 $ 13,338 1 Balance 12/31 $ (24,907) $ (15,407) $ (29,107) Wavne Erickson Revenue $ 2,100 $ 1,950 $ 2,700 Expenditure $ - $ (3,737) $ (9,700) Net $ 2,100 $ (1,787) $ (7,000) Balance 1/1 $ 13,025 $ 15,125 $ 15,125 Transfer Balance 12/31 $ 15,125 1 $ 13,338 1 $ 8,125 IMPROVEMENTS BY LOCATION Lilleskogen - to be 100% funded through grants & donations Picnic shelter $ - $ - $ 25,000 Other improvements $ - $ - $ - $ - $ - $ 25,000 Wayne Erickson - to be funded through advertising revenues Bleacher/ Concession improvements $ - $ 3,169 $ 7,500 Playground replacement $ - $ - $ - $ - $ 3,169 $ 7,500