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Landfill Trust Fund
<br />Fund #803 Actual Actual Actual Projected Projected Projected Projected Projected Projected
<br />Cash Balance 2008 2009 2010 2011 2012 2013 2014 2015 2016
<br />Beginning Balance 3,420,806 3,536,624 3,616,892 3,307,739 1,190,928 1,960,170 2,246,296 2,341,103 2,437,301
<br />Interest Earnings 157,054.06 105,902.00 96,290.49 33,077.39 11,909.28 19,601.70 33,694.44 35,116.54 36,559.52
<br />Loan Payments- Interest Only
<br />PW Facility Loan-Int (6 %) -12yri
<br />PD Facility Loan-Int (8 %) -20 Yl 28,094 25,453 22,600 19,519 16,191 12,597 8,716 4,525
<br />Loan Payments - Principal Only
<br />PW Facility Loan-Prin (6 %) -12y
<br />PD Facility Loan-Prin (8 %) -20 33,018 35,660 38,512 41,593 44,921 48,515 52,396 56,557
<br />Internal Loan - Ramsey Rail
<br />Principal 1,200,000 611,000
<br />Interest 36,220 12,220
<br />Muni Center Debt Transfer
<br />Loan for Ramsey Rail Stop (1,811,000)
<br />One -Time Transfer for Muni Debt (417,807)
<br />Elmcrest Creek Trail (75,000)
<br />Ramsey Crossings -City costs after pr to ] (30,284)
<br />RTC Ramp Expense (14,660)
<br />Share of Ramsey Express Bus (net of (72,064) (72,087) (466,556) (400,000) (540,000)
<br />Trott Brook Trail Corridor (15,000)
<br />Remaining Balance 3,536,624 3,616,892 3,307,739 1,190,928 1,960,170 2,246,296 2,341,103 2,437,301 2,383,861
<br />LANDFILL TRUST FUND:
<br />Revenue Sources:
<br />1. Interest Earnings
<br />Expenditure Uses:
<br />1. Legal Expenses related to lare and post closure
<br />2. Transfers to Park Improverring Fund (425) -This fund is used to account for park acquisitions and improvements as detailed in CIP
<br />In an amount not to exceest available in the fund
<br />3. Transfers to non - operating fret, retire or avoid future debt. Can not exceed amount of interest earnings.
<br />4. Any capital expenditures thilitze principal. Need four -fifths vote of City Council.
<br />5. Loans or transfers other thapenditures only if City Council declares an emergency situation.
<br />6. Eligible for interfund loans.incipal balance can be used as a source of loan. Need to be approved by four -fifths of City Council.
<br />co
<br />11/8/2011
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