|
CITY OF ELK RIVER,MINNESOTA
<br /> CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
<br /> LAST TEN FISCAL YEARS
<br /> (modified accrual basis of accounting)
<br /> Fiscal Year
<br /> 2004 2005 2006 2007
<br /> Revenues
<br /> Property taxes $ 7,118,568 $ 8,283,983 $ 9,529,773 $ 10,571,695
<br /> Other taxes - - -
<br /> Licenses and permits 1,249,844 1,240,336 1,207,368 987,708
<br /> Intergovernmental revenue 1,544,485 1,979,405 4,142,937 2,973,505
<br /> Charges for services 2,381,670 2,571,767 2,485,464 1,786,094
<br /> Fines and forfeits 164,800 190,062 175,155 156,407
<br /> Special assessments 2,375,902 3,414,090 1,566,880 1,909,595
<br /> Interest 375,548 758,612 1,151,144 1,465,401
<br /> Miscellaneous 1,799,736 2,004,286 2,555,842 1,545,181
<br /> Total revenues 17,010,553 20,442,541 22,814,563 21,395,586
<br /> Expenditures
<br /> General government 2,161,356 2,204,626 2,251,111 2,450,722
<br /> Public safety 4,163,345 4,649,010 4,941,706 5,109,371
<br /> Public works 1,850,281 2,192,336 2,538,658 4,170,119
<br /> Culture and recreation 1,655,298 2,088,505 2,605,861 3,386,681
<br /> Economic development 703,591 785,584 627,467 573,446
<br /> Capital outlay 2,997,696 4,191,817 10,729,882 12,803,023
<br /> Debt service
<br /> Principal 2,494,483 2,174,266 7,051,836 1,767,617
<br /> Interest and service charges 965,984 881,305 909,904 902,415
<br /> Bond issuance costs - - -
<br /> Total expenditures 16,992,034 19,167,449 31,656,425 31,163,394
<br /> Excess(deficiency)of revenues
<br /> over(under)expenditures 18,519 1,275,092 (8,841,862) (9,767,808)
<br /> Other financing sources(uses)
<br /> Transfers in 4,666,581 2,888,975 5,923,474 4,785,257
<br /> Transfers out (3,799,765) (2,211,459) (5,014,648) (4,006,417)
<br /> Proceeds of long-term debt 331,000 1,715,000 3,657,000 13,390,500
<br /> Premium on long-term debt issued - - -
<br /> Discount on long-term debt issued (8,560) (29,252) (50,477)
<br /> Payment to refunded bond escrow agent -
<br /> Principal paid on refunded bonds -
<br /> Capital leases issued - 2,332,694 325,000
<br /> Sale of capital assets 9,180 718,166 17,439 200,914
<br /> Total other financing sources(uses). 1,206,996 3,1021122 6,886,707 14,644,777
<br /> Net change in fund balances $ 1,225,515 $ 4,377,214 $ (1,955,155) $ 4,876,969
<br /> Debt service as a percentage of
<br /> noncapital expenditures' 24.1% 21.0% 37.1% 15.1%
<br /> 94
<br />
|