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Business-type activities. Business-type activities increased the City of Elk River's net position by$2,698,424. Key <br /> elements of this increase are as follows: <br /> • Charges for services for business-type activities increased$2,587,107due to increased liquor sales,an increase in <br /> electric usage in the commercial/industrial sector and increased water usage resulting from the hot dry summer. <br /> The electric utility accounts for 72%of the total charges for services. <br /> • The increase in operating expenses is largely due to the increase in purchased power for the electric utility of <br /> $741,189 or 4.5%over 2011. <br /> • Transfers out decreased due to the municipal liquor fund providing$2,750,000 for the public works facility project <br /> in 2011. <br /> Expenses and Program Revenues - Business-type Activities <br /> $35.000,000 <br /> $30,000,000 - <br /> $25,000,000 <br /> $20,000,000 — ---- <br /> $15,000,000 <br /> $10,000,000 - <br /> $5.000.000 --- -- -- - -- <br /> $- - <br /> Mur&ipalliquor Garbage Sewer Water Electric <br /> ■Revenue ■Expense <br /> Revenues by Source - Business-type Activities <br /> Capital grants and <br /> contributions Unrestricted <br /> Operating grants and 1.1% investment earnings <br /> contributions 0.5% <br /> 0.1% <br /> Charges for services <br /> 98.3% <br /> 15 <br />