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Business-type activities. Business-type activities increased the City of Elk River's net position by$2,270,715. Key <br /> elements of this increase are as follows: <br /> • Charges for services for business-type activities increased$956,590 due largely to increased liquor sales and an <br /> increase in electric usage. The electric utility accounts for 72%of the total charges for services. <br /> • The increase in connection fees was largely impacted by the resurgence in building activity as the economy has <br /> begun rebounding. <br /> • The decrease in investment earnings reflects the market value adjustment of the city's investment portfolio. <br /> Expenses and Program Revenues-Business-type Activities <br /> $35,000,000 <br /> $30,000,000 <br /> $25,000,000 — <br /> $20,000,000 — — <br /> $15,000,000 — — - — <br /> $10,000,000 <br /> $5,000,000 + — <br /> Municipal liquor Garbage Sewer Water Electric <br /> ■Revenue ■Expense <br /> Revenues by Source-Business-type Activities <br /> Unrestricted <br /> investment earnings Cain on disposalof <br /> Capital grants and 0.5% capital assets <br /> contributions 0.0% <br /> 2.1% <br /> iu.T/V <br /> 15 <br />