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CITY OF LINO LAKES
<br />• 2002 -2007 Financial Plan
<br />Park and Trail Capital Improvements
<br />Funding Source Summary - Dedicated Parks Fund
<br />•
<br />•
<br />*Assumes collecting 75% of park dedication in form of cash (147 homes @ $1,6654244,755 x 75% = $183,566).
<br />Remaining 25% of park dedication in form of land.
<br />C -11
<br />6/26/02
<br />2002
<br />2003
<br />2004
<br />2005
<br />2006
<br />2007
<br />Beginning Cash Balance 1/1
<br />$460,390
<br />$311,463
<br />$243,011
<br />$273,371
<br />$202,339
<br />$231,885
<br />Park Dedication Fees*
<br />183,566
<br />183,566
<br />183,566
<br />183,566
<br />183,566
<br />183,566
<br />General Fund Contribution
<br />25,000
<br />25,000
<br />25,000
<br />25,000
<br />25,000
<br />25,000
<br />DNR Grant - Clearwater Creek Park
<br />75,000
<br />50,000
<br />Bond Referendum Proceeds
<br />0
<br />Park Capital Projects
<br />- 307,000
<br />- 281,783
<br />- 183,566
<br />- 183,566
<br />- 183,566
<br />- 183,566
<br />Trail Capital Projects
<br />- 131,600
<br />- 50,000
<br />0
<br />- 100,000
<br />0
<br />Interest Income @ 4.00 %
<br />6,107
<br />4,765
<br />5,360
<br />3,967
<br />4,547
<br />5,138
<br />Ending Cash Balance 12/31
<br />$311,463_ $243,011
<br />$273,371
<br />$202,339
<br />$231,885
<br />$262,023
<br />•
<br />•
<br />*Assumes collecting 75% of park dedication in form of cash (147 homes @ $1,6654244,755 x 75% = $183,566).
<br />Remaining 25% of park dedication in form of land.
<br />C -11
<br />6/26/02
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