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<br />City of Hugo
<br />2020-2024 CIP
<br />
<br />Project: Parks Commission Projects
<br />Year: 2020-2024
<br />Appendix B
<br />Sources of Funds
<br />
<br /> 2020 2021 2022 2023 2024 Total
<br />Beginning Fund Balance $ 1,446,749 $ 825,999 $ 777,999 $ 629,999 $ 581,999
<br />
<br />Property Tax Levy $ 92,000 $ 92,000 $ 92,000 $ 92,000 $ 92,000 $ 460,000
<br />County Grant Funds $ 15,000 $ 15,000
<br /> Total Sources of Funds $ 107,000 $ 92,000 $ 92,000 $ 92,000 $ 92,000 $ 475,000
<br />
<br />Uses of Funds
<br />
<br /> 2020 2021 2022 2023 2024
<br /> Total
<br />
<br />Adelaide Landing Park $ 650,000 $ 650,000
<br />Goodview Ave Trail Feasibility $ 17,750 $ 17,750
<br />Park Upgrades $ 40,000 $ 40,000 $ 140,000 $ 40,000 $ 140,000 $ 400,000
<br />Misc. Trail Projects $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 400,000
<br />Irish Avenue Park (Master Plan) $ 20,000 $ 20,000
<br />
<br />
<br /> Total Uses of Funds $ 727,750 $ 140,000 $ 240,000 $ 140,000 $ 240,000 $ 1,487,750
<br />Ending Fund Balance $ 825,999 $ 777,999 $ 629,999 $ 581,999 $ 433,999
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