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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 31,2013
<br /> Special Debt Capital Total Nonmajor
<br /> Revenue Service Projects Governmental
<br /> Funds Funds Funds Funds
<br /> REVENUES
<br /> Taxes:
<br /> Property taxes $ 750,129 $ 584,642 $ 99,071 $ 1,433,842
<br /> Franchise tax 714,983 714,983
<br /> Intergovernmental revenue 12,255 502,271 88,942 603,468
<br /> Charges for services 1,154,510 - 30,050 1,184,560
<br /> Fines and forfeits 40,496 - 40,496
<br /> Special assessments 202,457 561,549 764,006
<br /> Interest income (103,881) 11,951 (604,565) (696,495)
<br /> Miscellaneous revenue:
<br /> Landfill expansion fee - 807,851 807,851
<br /> Refunds and reimbursements 112,393 500 - 112,893
<br /> Contributions 31,909 641,472 673,381
<br /> Other 200,315 - 65,906 266,221
<br /> Total revenues 2,198,126 1,301,821 2,405,259 5,905,206
<br /> EXPENDITURES
<br /> Current:
<br /> General government 105,434 - 4,487 109,921
<br /> Public safety 18,113 10,615 28,728
<br /> Public works 66,681 454,272 520,953
<br /> Culture and recreation 943,317 89,821 1,033,138
<br /> Economic development 1,300,072 - - 1,300,072
<br /> Debt service:
<br /> Principal - 1,894,000 1,894,000
<br /> Interest and service charges 570,292 15,264 585,556
<br /> Capital outlay:
<br /> General government - 109,438 109,438
<br /> Public safety 343,574 343,574
<br /> Public works - 3,442,439 3,442,439
<br /> Culture and recreation 76,168 - 489,302 565,470
<br /> Total expenditures 2,509,785 2,464,292 4,959,212 9,933,289
<br /> Excess(deficiency)of
<br /> revenues over expenditures (311,659) (1,162,471) (2,553,953) (4,028,083)
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in (3,882) 830,I95 4,164,920 4,991,233
<br /> Transfers out (323,245) (4,145,939) (4,469,184)
<br /> Principal paid on refunded bonds - (1,540,000) - (1,540,000)
<br /> Sale of capital assets 680,695 - 5,712 686,407
<br /> Total other financing sources(uses) 353,568 (709,805) 24,693 (331,544)
<br /> Net change in fund balances 41,909 (1,872,276) (2,529,260) (4,359,627)
<br /> Fund balances-January 1 7,178,788 3,033,512 17,483,949 27,696,249
<br /> Fund balances-December 31 $ 7,220,697 $ 1,161,236 $ 14,954,689 $ 23,336,622
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