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CITY OF ELK RIVER,MINNESOTA
<br /> GENERAL FUND
<br /> STATEMENT OF REVENUES,EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL
<br /> FOR THE YEAR ENDED DECEMBER 31,2012
<br /> Budget Variance with
<br /> Original Final Actual Final Budget
<br /> REVENUES
<br /> Taxes:
<br /> Property taxes $ 9,142,200 $ 9,142,200 $ 9,184,258 $ 42,058
<br /> Other taxes 70,000 70,000 125,623 55,623
<br /> Licenses and permits 412,650 412,650 408,232 (4,418)
<br /> Intergovernmental revenue 542,450 542,450 542,790 340
<br /> Charges for services 665,350 665,350 636,300 (29,050)
<br /> Fines and forfeits 132,500 132,500 121,047 (11,453)
<br /> Interest income 100,000 100,000 56,346 (43,654)
<br /> Miscellaneous revenue:
<br /> Refunds and rcimbursements 66,500 66,500 60,217 (6,283)
<br /> Contributions 25,650 25,650 22,632 (3,018)
<br /> Other 8,000 8,000 4,960 (3,040)
<br /> Total revenues 11,165,300 11,165,300 11,162,405 (2,895)
<br /> EXPENDITURES
<br /> Current:
<br /> General government 2,830,100 2,640,050 2,490,127 149,923
<br /> Public safety 5,615,000 5,615,000 5,304,063 310,937
<br /> Public works 2,058,650 2,093,500 2,039,644 53,856
<br /> Culture and recreation 1,761,700 1,785,700 1,739,797 45,903
<br /> Capital outlay:
<br /> General government 15,600 15,600 15,292 308
<br /> Public safety 69,000 69,000 66,871 2,129
<br /> Public works 20,000 20,000 18,623 1,377
<br /> Culture and recreation 17,500 17,500 - 17,500
<br /> Total expenditures 12,387,550 12,256,350 11,674,417 581,933
<br /> Deficiency of revenues over expenditures (1,222,250) (1,091,050) (512,012) 579,038
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 1,146,600 1,146,600 1,024,500 (122,100)
<br /> Transfers out (290,500) (290,500) (604,786) (314,286)
<br /> Total other financing sources(uses) 856,100 856,100 419,714 (436,386)
<br /> Net change in fund balance (366,150) (234,950) (92,298) 142,652
<br /> Fund balance-January 1 6,297,612 6,297,612 6,297,612 -
<br /> Fund balance-December 31 $ 5,931,462 $ 6,062,662 $ 6,205,314 $ 142,652
<br /> The notes to the financial statements are an integral part of this statement.
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