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<br /> 11115/2000
<br /> Exhibit C
<br /> CITY OF ARDEN HILLS
<br /> Financial Management Plan Summary DRAFT ONLY
<br /> Capital Improvements Program (Streets and Equipment)
<br /> Actual to 9/30/06
<br /> 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
<br /> Beginning Cash Balance 6,863,883 6,644,715 6,198,102 5,397,607 5,245,945 4,164,574 3.802,308 3,479.907 3,465,428 3,110.558
<br /> Sources of Funds
<br /> Special Assessments 196,181
<br /> 2006 and prior 138.455 132,366 120.436 114,009 108,902 ~03,135 90,536 51,836 51,836
<br /> 2007 Projeets-5 years, 9% 5% blended rate 96,754 96,754 96.754 96,754 96,754
<br /> 2008 Projects,10 years, 9% 5% blended rale 90,621 90,621 90,621 90,621 90,621 90,621 90,621
<br /> 2009 ProJects-5 years, 9% 5% blended rale 103,939 103,939 103,939 103,939 103,939 103,939
<br /> 2010 Projects-10 years, gcl.'l 5% blended rate 66,067 66,067 66,067 66,067 66,067
<br /> 2011 Projects-10 years. 9% 5% blended rale
<br /> 2012 Projeets-l0 years, 9% 5% blended rale 50,002 50,002 50,002
<br /> 2013 Projecls-10 years, 9% 5% blended rate 27.416 27,416
<br /> 2014 Projects-l0 years, 9% 5%: blended rate 46,887
<br /> 2015 Projecrs-10 years, 9% 501.'1 blended rale
<br /> Transfer from General Fund. Capital Equipment 44,100 46,305 48,620 51,051 53,604 56,284 59,098 62,053
<br /> Transfer from General Fund - Street ReconstructIon 39,829 41,820 43,911 46,107 48.412 50,833 53,375 56,043 58,846
<br /> 429/Reconstruction Tax Levy Portion Debt
<br /> Utility Funds 175,000 615,000 215,000 495 000 315,000
<br /> Miscellaneous 40,000
<br /> Current Vear Levy
<br /> MSA 16.432 800,000
<br /> Interest 2.00% 342.065 132,894 123,962 107,952 104,919 83,291 76,046 69,598 69,309 62,211
<br /> Total Sources of Funds 594,678 486,178 1,054,003 720,980 1,900,629 964,038 640,999 580,421 574,330 619.877
<br /> Assessable
<br /> Expenditures" Costs
<br /> 2007 PMP - Mill and Overlay 418,896 812,791
<br /> '{;&AH->l6-bandscaplfIQ
<br /> Basketball court rehab 15.000 15,000 15,000 15,000 15,000
<br /> ~IIR...b...e-4)rI>JeWa'f
<br /> Water tanker , 05,000
<br /> 2008 Street Recon 699,749 1,814,498
<br /> Plckup/TruckiPlow 25,000 65,000 140,000 92,000
<br /> Groundsmaster/Chipper 30,000 32,000 84,000
<br /> jetter 130,000
<br /> 2009 PMP - Mill and Overlay 308,821 632,642
<br /> Regional trail 800 000
<br /> 2010 Street Reco" 450,000 1,995,000
<br /> 2011 Street Recon 510,152 1135,303
<br /> PMP Reconstruct (50% assessed) 772.200 293,500 689,200 224,500
<br /> PMP Mill and Overlay (50% assessed) 129,900 34,900 57,500
<br /> PMP Seal coating 35,600 15,900 49,500 5,300
<br /> PMP Utility related construction
<br /> Equipment purchases (5 year avg 2007-2012; 155,600 155,600 155,600 155,600
<br /> Construction 813,846
<br /> Total Streets/Trails Uses of Funds 813,846 932,791 1,854,498 872,642 2,982,000 1,326.303 963,400 594,900 929,200 442,900
<br /> Ending Cash Balance 6,644,715 6,198,102 5,397,607 5,245,945 4,164,574 3,802,308 3,479,907 3,465,428 3,110,558 3,287,535
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