6.c. Park Improvment Fund Line Item Budget and Fund Balance ForecastFund 404 - Park Improvement Fund - Fund Balance Projections for 2021 Budget
2019 2020 2021 2022 2023 2024 2025
Actual Budget Proposed Projected Projected Projected Projected NOTES
Year-Start Fund Balance 1/1 118,614 151,639 180,819 128,794 123,769 117,149 148,029
Revenues 155,545 127,280 104,780 62,280 75,100 37,600 62,600 Total Revenue Excluding Other Fund Sources
Expenses (128,122) (95,100) (153,805) (64,305) (78,720) (3,720) (3,720) Total Expenses
Receivables (Payables) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (2,000) Interfund Loan w/ Fund 401 (General Capital Fund) $17k as of 12/31/19
Profit (Loss) 24,423 29,180 (52,025) (5,025) (6,620) 30,880 56,880
Year-End Fund Balance 12/31 151,639 180,819 128,794 123,769 117,149 148,029 204,909
Projected Cash Balance Sheet
Fund 404 - Park Improvement Fund Budget for 2021 (Revenue/Expense)
2019 2020 2021 2022 2023 2024 2025
Acct # Description Actual Budget Projected Projected Projected Projected Projected NOTES
404-48000-31000 Property Tax Settlements - 30,000 10,000 20,000 30,000 30,000 30,000 Property Tax Levy
404-48000-36210 Interest Income 2,600 - - - - - -
404-48000-33422 State Grants & Aids 4,300 17,100 10,585 10,585 - - - DNR Grant from restoration project at Lilleskogen Park
404-48000-33640 Other Grants 5,000 - 57,500 15,000 37,500 - - 2021 playground, 2022 shelter @ Lilleskogen, 2021 Erickson Playground
404-48000-34730 Ballfield Ad Revenue
1,650 1,600 1,600 1,600 1,600 1,600 1,600
404-48000-34780 Park Dedication Fees
3,000 6,000 6,000 6,000 6,000 6,000 6,000 $3,000 per new subdivided buildable parcel
404-48000-36230 Donations
1,595 - - - - - -
404-48000-36260 Sale of Property
140,000 - - - - - - Did the 2019 property sale get journaled to 404?
404-48000-39203 Interfund Transfers In
- - - - - - -
TOTAL REVENUES 158,145 69,780 104,780 62,280 75,100 37,600 62,600
401 General Capital Fund
- - 57,500 30,000 37,500 - - (Playground Equipment @ Comm. Ctr & Erikson Park) Transfer to 404
- - 57,500 30,000 37,500 - -
(Multiple)Ballfield Operational/Maintenance Expenses 2,472 3,620 - - - - - Item to be moved to transfer out (operational expense)
404-48000-520 Capital Improvements to Bldgs 1,137 - - 50,000 - - Line Item Totals are derived from the Capital Outlay
404-48000-530 Capital Impr Other Than Bldgs
21,513 91,480 150,085 10,585 75,000 - "
404-48000-560 Furniture and Fixtures
- - - - - - "
404-48000-720 Interfund Transfers Out*
103,000 3,720 3,720 3,720 3,720 3,720 2019-Intr. Fund Loan Repayment to Gen Capital
TOTAL EXPENSES 128,122 95,100 153,805 64,305 78,720 3,720 3,720
*This line will be used toward transfers for maintenance & operational
expenses which will come from the General Fund
PROJECTED FUND REVENUES
Projected Fund Expense
Projected Other Funding Sources