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CITY OF ELK RIVER,MINNESOTA
<br /> COMBINING STATEMENT OF REVENUES,EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCES
<br /> NONMAJOR GOVERNMENTAL FUNDS
<br /> FOR THE YEAR ENDED DECEMBER 31,2012
<br /> Special Debt Capital Total Nonmajor
<br /> Revenue Service Projects Governmental
<br /> Funds Funds Funds Funds
<br /> REVENUES
<br /> Property taxes $ 808,421 $ 828,602 $ 848,876 $ 2,485,899
<br /> Intergovernmental revenue 18,127 501,767 373,929 893,823
<br /> Charges for services 967,246 - 56,440 1,023,686
<br /> Fries and forfeits 16,772 - - 16,772
<br /> Special assessments - 287,759 315,838 603,597
<br /> Interest income 65,036 7,787 94,141 166,964
<br /> Miscellaneous revenue:
<br /> Refunds and reimbursements 136,951 - - 136,951
<br /> Contributions 30,798 245,729 701,791 978,318
<br /> Other 67,401 - 18,142 85,543
<br /> Total revenues 2,110,752 1,871,644 2,409,157 6,391,553
<br /> EXPENDITURES
<br /> Current:
<br /> General government 56,644 - 39,890 96,534
<br /> Public safety 7,305 - 17,315 24,620
<br /> Public works 84,286 - 375,372 459,658
<br /> Culture and recreation 934,276 - 156,140 1,090,416
<br /> Economic development 703,734 - 383,733 1,087,467
<br /> Debt service:
<br /> Principal - 2,127,000 - 21127,000
<br /> Interest and service charges - 897,070 99,384 996,454
<br /> Bond issuance costs - 26,380 - 26,380
<br /> Capital outlay:
<br /> General government - - 371,722 371,722
<br /> Public safety - - 260,741 260,741
<br /> Public works - - 1,485,312 1,485,312
<br /> Culture and recreation 17,786 - 294,135 311,921
<br /> Total expenditures 1,804,031 3,050,450 3,483,744 8,338,225
<br /> Excess(deficiency)of
<br /> revenues over expenditures 306,721 (1,178,806) (1,074,587) (1,946,672)
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 448,068 1,180,234 2,100,141 3,728,443
<br /> Transfers out (1,312,649) - (399,994) (1,712,643)
<br /> Refunding bonds issued 1,525,000 - 1,525,000
<br /> Premium on debt issued 69,751 - 69,751
<br /> Sale of capital assets - 49,470 49,470
<br /> Total other financing sources(uses) (864,581) 2,774,985 1,749,617 3,660,021
<br /> Net change in fund balances (557,860) 1,596,179 675,030 1,713,349
<br /> Fund balances-January 1 7,736,648 1,835,699 7,882,308 17,454,655
<br /> Fund balances-December 31 $ 7,178,788 $3,431,878 $ 8,557,338 $ 19,168,004
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