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Economic Factors and Next Year's Budget <br /> The City of Elk River estimates that the demand for city services will begin to grow at increased Ievels as compared to the <br /> prior years due to the improved economy and recent building activity. This was taken into consideration in preparation of <br /> the City's 2014 budget. The property tax levy is set annually and is adjusted as necessary to fund the cost of providing <br /> services to our citizens and customers. Charges for services are evaluated each year and adjusted if warranted. The City <br /> expects to keep the tax levy consistent in upcoming years. <br /> Requests for Information <br /> This financial report is designed to provide a general overview of the City of Elk River's finances for all those with an <br /> interest in the City's finances. Questions concerning any of the information provided in this report or requests for <br /> additional financial information should be addressed to City of Elk River,Attn:Finance Director, 13065 Orono Pkwy,Elk <br /> River,Minnesota 55330 or by calling(763)635-1000. <br /> 18 <br />