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FUND 408 - 2026 TO 2031
CITY OF SCANDIA Financial Management PlanLocalRoadImprovementFund408 InflationAssumptions1Revenue (Non-property tax)2.00%2.00%2.00%2.00%2.00%2.00% 2Interest Earnings1.50%1.50%1.50%1.50%1.50%1.50% 3Expenses3.00%3.00%3.00%3.00%3.00%3.00% 4CIP Inflation Factor4.00%4.00%4.00%4.00%4.00%4.00% 202620272028202920302031 REVENUE5RPropertytaxes 200,000 200,000 200,000 200,000 200,000 200,000408-310006RDebt levy221,207300,366361,934460,408460,408460,408408-310007RSpecialassessments408-361008RInvestment Income12,66412,28513,84013,09213,80617,342408-362109RRefunds andReimbursements408-3625010RInterfund OperatingTransfer408-2920311RRental and lease income00000012RMiscellaneousRevenue00000013TotalRevenue433,870512,651575,774673,500674,214677,750 EXPENSES14Total Current00000015Debtservice126,906210,673286,063344,699438,484438,48416Principal17Interest18TotalCapitalProjects1,332,2351,098,2971,039,5861,081,1700019TotalExpenses1,459,1411,308,9701,325,6491,425,869438,484438,484 20Revenue Over / (Under) Expenses(1,025,271)(796,319)(749,875)(752,369)235,730239,266CASHFLOWANALYSIS OTHER FINANCING SOURCES / (USES) 21RBond Proceeds 1,000,000900,000700,000800,00022E408-39310Bondpremium23RTransfers In000000408-3920324E408-43100-720TransfersOut25ETransfersOut- 26Total Other Sources / (Uses)1,000,000900,000700,000800,00000 27PriorPeriodAdjustmentsEndingFund Balance818,978922,659872,784920,4151,156,1451,395,41228 ProjectMultipleProject2021202620272028202920302031CapitalProjectNameNumberYear?First YearCosts292021LocalRoadImprovementProject30E408-43100-5302021 70,000 - - - - - - 2021LocalRoadImprovementProject31E408-43100-5302021 845,000 - - - - - - 2022LocalRoadImprovementProject32E408-43100-5302022 680,000 - - - - - - 2023SealCoatingProject33E408-43100-5302023 183,000 - - - - - - Sealboring34E408-43100-5302023 20,000 - - - - - - 2023LocalRoadImprovementProject35E408-43100-5302023 665,000 - - - - - - 2024LocalRoadImprovementProject36E408-43100-5302024 655,000 - - - - - - 2025SealCoatingProject37E408-43100-5302025 252,000 - - - - - - 2025LocalRoadImprovementProject38E408-43100-5302025 630,000 - - - - - - Sealboring39E408-43100-5302025 20,000 - - - - - - 2026SealCoatingProject40E408-43100-5302026 335,000 407,579 - - - - - 2026streetreconstruction41E408-43100-5302026 760,000 924,656 - - - - - 2027streetreconstruction42E408-43100-5302027 770,000 - 974,296 - - - - 2027sealcoatingandboring43E408-43100-5302027 98,000 - 124,001 - - - - 2028streetreconstruction44E408-43100-5302028 790,000 - - 1,039,586 - - - 2029streetreconstruction45E408-43100-5302029 770,000 - - - 1,053,798 - - Local Road Project Outlay - Option III2029sealcoatingandboring46E408-43100-5302029 20,000 - - - 27,371 - - 47 - - - - - - 4849Total Capital Projects 7,563,000 1,332,235 1,098,297 1,039,586 1,081,170 - -