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FUND 404 - 2021 TO 2025
CITY OF SCANDIA Financial Management PlanParkCapitalImprovementFund404 Inflation Assumptions1Revenue (Non-property tax)2.00%2.00%2.00%2.00%2.00% 2Interest Earnings1.50%1.50%1.50%1.50%1.50% 3Expenses3.00%3.00%3.00%3.00%3.00% 4CIP Inflation Factor4.00%4.00%4.00%4.00% 20212022202320242025BudgetBudgetProposedREVENUE5R404-31000Property taxes10,00020,00040,00060,00070,0006R404-33422Intergovernmental10,585104,000404-347307RCharges for services1,600404-362108RInvestment Income1,2001,100900800404-391019RSaleof capital assets404-3478010RPark Dedication Fees6,0003,0003,0003,00011RRentalandleaseincome0000012RMiscellaneousRevenue000013TotalRevenue28,185128,20044,10063,90070,800 EXPENSES14Total Current00015Debtservice0000016TotalCapitalProjects42,025220,44851,37689,989101,77817TotalExpenses42,025220,44851,37689,989101,778 18Revenue Over / (Under) Expenses(13,840)(92,248)(7,276)(26,089)(30,978) CASH FLOW ANALYSIS OTHER FINANCING SOURCES / (USES) 19RBond Proceeds404-3920320RTransfers In21E404-48000-720Transfers Out(1,440)(1,440) 22E404-48000-720Transfers Out- 23Total Other Sources / (Uses)(1,440)(1,440)000 24Prior Period Adjustments2,880EndingFundBalance138,09944,41137,13511,046(19,931) 25 ProjectMultipleProject202120212022202320242025CapitalProjectNameNumberYear?First YearCostsBudgetBudgetProposed2627E404-48000-5302022 100,000 - 219,008 - - - Playground Equipment - Community Center ParkPleasureRinkExpansion28E404-48000-5302024 10,000 - - - 11,249 - Replacement of the boards atthe the rink29E404-48000-5202024 50,000 - - - 56,243 - Lilleskogen Park Picnic Shelter30E404-48000-5202023 10,000 - - 10,816 - - Park Sign at New unnamed Orwell Park31E404-48000-5302023 37,500 - - 40,560 - - 32E404-48000-530PlaygroundEquipment @ Wayne Erikson Mem Park2025 57,000 - - - - 66,682Cycling & Trails33E404-48000-5302025 30,000 - - - - 35,096Natureparktrails34E404-48000-5302021 10,000 10,000 - - - - Settlers Monument Improvements35E404-48000-5302021 5,000 5,000 - - - - Lilleskogen Praire/Wetland Restoration Project36E404-48000-5302022 10,585 - - - - - 37E404-48000-530Lilleskogen Park Park Signage2021 10,000 10,000 - - - - Lilleskogen Praire/Wetland Restoration Project38E404-48000-5302021 10,585 10,585 - - - - Lilleskogen Praire/Wetland Restoration Project39E404-48000-5302026 10,000 - - - - - Park Planning40E404-48000-5302021 5,000 5,000 - - - - Replacement ballfield for South Field41E404-48000-5302024 20,000 - - - 22,497 - CIP placeholder42E404-48000-530Yes2026 50,000 - - - - - Operating Transfer43E404-48000-720 1,440 1,440CAPITALOUTLAY - Option III TotalCapital Projects 425,670 42,025 220,448 51,376 89,989 101,77877