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Home My WebLink About3.B. Public Works -- :.-=--.-- "' .-..- Park Reserve Fund Projected Fund Levels 2005-2009 Capital Improvement Program City of Shakopee, Minnesota REVENUES: 2004 REV 2005 2006 2007 2008 2009 Park Dedication Fees $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 900,000 Grants 247,500 - 470,000 165,000 - - Tax levy 425,000 Excell Agreement 500,000 500,000 500,000 500,000 Donations 332,500 690,500 145,000 210,000 - - Interest 80,000 7,100 (67,700) (91,600) (53,470) (36,910) SPUC Reimbursement 300,000 - - - - - Total Revenue 1,860,000 2,022,600 1,947,300 1,683,400 1,346,530 1,363,090 EXPENDITURES: Expenditures per List-PARKS 3,637,450 2,777,000 1,930,000 355,000 932,500 1,347,500 Expenditures per List-GRANTS 247,500 470,000 165,000 Expenditures per List-TAX LEVY 425,000 Expenditures per List-DONATIONS 332,500 690,500 145,000 210,000 Expenditures per List-GENERAL FUND Total Expenditures 4,217,450 3,892,500 2,545,000 730,000 932,500 1,347,500 Excess (Deficiency) (2,357,450) (1,869,900) (597,700) 953,400 414,030 15,590 Fund Balance January 1 2,534,952 177,502 (1,692,398) (2,290,098) (1,336,698) (922,668) Balance 12/31 $ 177,502 $ (1,692,398) $ (2,290,098) $ (1,336,698) $ (922,668) $ (907,078) Interest is calculated @ 4% on the prior years ending fund balance Park Dedication fees are 90% of prior 3 year average. \1Y