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City of Elk River
<br /> May 17,2013
<br /> Page 8
<br /> I
<br /> Special Revenue Funds
<br /> Special revenue funds receive revenue from specific sources and expenditures are for specific purposes.The following funds,
<br /> with fund balances included,comprise the special revenue fund type:
<br /> Fund Balances
<br /> December 31, Increase
<br /> Fund 2011 2012 (Decrease)
<br /> Nonmaj or
<br /> Library $ 442,183 $ 454,571 $ 12,388
<br /> Ice Arena 13,755 169,970 156,215
<br /> Pinewood Golf Course - - -
<br /> Senior Citizen Account 10,508 11,270 762
<br /> Landfill 1,568,313 1,461,367 (106,946)
<br /> Revolving Loan 1,327,053 959,695 (367,358)
<br /> Federal DEED 696,294 706,617 10,323
<br /> State DEED - 402,063 402,063
<br /> Development Fund 658,908 612,776 (46,132)
<br /> Emergency/Insurance Reserve 340,958 372,565 31,607
<br /> Drug Forfeiture Reserve 14,043 23,664 9,621
<br /> YMCA Grant 1,110,829 870,714 (240,115)
<br /> Economic Development Authority 1,553,804 1,133,516 (420,288)
<br /> Total $ 7,736,648 $ 7,178,788 $ (557,860)
<br /> The above fund balance classification in total is as follows:
<br /> Fund balances-nonmajor special revenue funds
<br /> Nonspendable $ 101,812
<br /> Resticted 3,728,299
<br /> Committed 2,456,185
<br /> Assigned 892,492
<br /> Total $ 7,178,788
<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemcpas.com
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