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CITY OF ELK RIVER,MINNESOTA <br /> CHANGES IN NET POSITION <br /> LAST TEN FISCAL YEARS <br /> (accrual basis of accounting) <br /> Fiscal Year <br /> 2004 2005 2006 2007 <br /> Expenses <br /> Governmental activities: <br /> General government $ 2,440,200 $ 2,503,826 $ 2,560,213 $ 2,732,697 <br /> Public safety 4,988,424 5,255,974 5,606,438 5,924,093 <br /> Public works 4,277,071 4,281,725 6,169,030 6,527,565 <br /> Culture and recreation 2,058,882 2,535,955 2,859,058 3,598,695 <br /> Economic development 912,698 938,164 631,437 1,001,829 <br /> Interest on long-term debt 936,515 881,001 764,725 952,082 <br /> Total governmental activities expenses 15,613,790 16,396,645 18,590,901 20,736,961 <br /> Business-type activities: <br /> Municipal Liquor 3,760,156 4,348,673 5,202,087 5,301,597 <br /> Garbage 953,432 1,047,479 1,094,788 1,114,133 <br /> Sewer 1,457,386 1,63 3,276 1,721,522 1,786,266 <br /> Water 1,783,081 2,091,723 2,104,827 2,413,942 <br /> Electric 13,362,081 14,877,986 16,588,510 18,718,636 <br /> Total business-type activities expenses 21,316,136 23,999,137 26,711,734 29,334,574 <br /> Total primary government expenses $ 36,929,926 $ 40,395,782 $ 45,302,635 $ 50,071,535 <br /> Program Revenues <br /> Governmental activities: <br /> Charges for services: <br /> General government $ 308,781 $ 288,032 $ 246,541 $ 283,003 <br /> Public safety 1,956,967 2,050,437 2,403,601 1,533,699 <br /> Public works 226,907 280,583 617,099 76,117 <br /> Culture and recreation 812,401 877,789 1,065,218 1,083,081 <br /> Economic development 96,396 379,002 178,217 92,486 <br /> Operating grants and contributions 427,513 480,649 387,584 362,313 <br /> Capital grants and contributions 11,879,536 7,573,752 8,117,032 4,174,427 <br /> Total governmental activities program revenues 15,708,501 11,930,244 13,015,292 7,605,126 <br /> Business-type activities: <br /> Charges for services: <br /> Municipal Liquor 4,345,702 4,806,061 5,906,768 6,043,088 <br /> Garbage 973,176 1,055,753 1,106,268 1,139,763 <br /> Sewer 2,365,262 1,261,853 1,352,647 1,454,219 <br /> Water 2,095,018 1,365,136 1,770,819 2,144,622 <br /> Electric 14,765,479 15,955,440 17,143,485 19,895,323 <br /> Operating grants and contributions 8,615 9,255 504,168 295,081 <br /> Capital grants and contributions 3,028,454 3,654,383 4,297,666 1,996,636 <br /> Total business-type activities program revenues 27,581,706 28,107,881 32,081,821 32,968,732 <br /> Total primary government program revenues $ 43,290,207 $ 40,038,125 $ 45,097,113 $ 40,573,858 <br /> Net(expense)/revenue <br /> Governmental activities $ 94,711 $ (4,466,401) $ (5,575,609) $(13,131,835) <br /> Business-type activities 6,265,570 4,108,744 5,370,087 3,634,158 <br /> Total primary government net(expense)/revenue $ 6,360,281 $ (357,657) $ (205,522) $ (9,497,677) <br /> Note: The City implemented GASB Statement No.63 and GASB Statement No.65 in fiscal year 2012. Net position <br /> information has been restated for 2011 for this accounting change. Years prior to 2011 have not been restated. <br /> 88 <br />