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~ Building Fund
Projected Fund Levels
2009-2013 Capital Improvement Program
City of Shakopee, Minnesota
REVENUES: 2008 2009 2010 2011 2012 2013
Rentals $930,020 $957,921 $1,036,658 $1,067,758 $1,099,791 $1,132,784
Bond Proceeds - Fire 2,700,000 6,000,000
Transfers
Interest 80,000 56,551 57,735 76,317 89,639 104,322
Total Revenue 1,010,020 1,014,471 3,794,393 1,144,075 1,189,430 7,237,106
EXPENDITURES:
Maintenance
Community Center - water prob 150,000
Roofing
HVAC
Debt Service - PW Bonds 475,000 475,000 475,000 475,000 475,000 475,000
Debt Service - Fire 3 Bonds 225,000 225,000 225,000
Construction
Fire station 4 Site (carryover) 300,000
Fire station 5 Site (carryover) 200,000
Pool Slide 500,000
Fire station 3 2,700,000
Fire station 1.1 3,000,000
Fire station 4 3,000,000
Total Expenditures 1,125,000 975,000 3,175,000 700,000 700,000 6,700,000
Excess (Deficiency) ( 114,980) 39,471 619,393 444,075 489,430 537,106
Cash Balance 1/1 2,000,004 1,885,024 1,924,495 2,543,889 2,987,963 3,477,393
Balance 12/31 $1,885,024 $1,924,495 2,543,889 2,987,963 3,477,393 4,014,499
Interest is calculated at 4% of PY Fund Balance
Acc Depr 12/31/07 $ 5,654,359