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CITY OF ELK RIVER,MINNESOTA
<br /> SUBCOMBINING STATEMENT OF REVENUES,EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCES
<br /> NONMAJOR DEBT SERVICE FUNDS
<br /> FOR THE YEAR ENDED DECEMBER 31,2012
<br /> Government Total Nonmajor
<br /> Improvement Building MPFA Debt Service
<br /> Bonds Bonds Loan TIF Bonds YMCA Bonds Funds
<br /> REVENUES
<br /> Property taxes $ 204,809 $ 367,791 $ - $ $ 256,002 $ 828,602
<br /> Intergovernmental revenue - - 501,767 - 501,767
<br /> Special assessments 287,759 - - - 287,759
<br /> Interest income 3,264 4,482 41 7,787
<br /> Miscellaneous revenue:
<br /> Contributions - - - 245,729 245,729
<br /> Total revenues 495,832 372,273 501,767 501,772 1,871,644
<br /> EXPENDITURES
<br /> Debt service:
<br /> Principal 505,000 535,000 492,000 305,000 290,000 2,127,000
<br /> Interest and service charges 122,209 296,126 12,992 13,194 452,549 897,070
<br /> Bond issuance costs 26,380 - - - - 26,380
<br /> Total expenditures 653,589 831,126 504,992 318,194 742,549 3,050,450
<br /> Deficiency of revenues over expenditures (157,757) (458,853) (3,225) (318,194) (240,777) (1,178,806)
<br /> OTI3ER FINANCING SOURCES
<br /> Transfers in - 612,040 318,194 250,000 1,180,234
<br /> Refunding bonds issued 1,525,000 - - - 1,525,000
<br /> Premium on debt issued 69,751 - - 69,751
<br /> Total other financing sources 1,594,751 612,040 318,194 250,000 2,774,985
<br /> Net change in fund balances 1,436,994 153,187 (3,225) - 9,223 1,596,179
<br /> Fund balances-January 1 785,535 654,525 6,496 389,143 1,835,699
<br /> Fund balances-December 31 $ 2,222,529 $ 807,712 $ 3,271 $ $ 398,366 $ 3,431,878
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