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CITY OF ELK RIVER,MINNESOTA
<br /> GENERAL FUND
<br /> STATEMENT OF REVENUES,EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL
<br /> FOR THE YEAR ENDED DECEMBER 31,2013
<br /> Budget Variance with
<br /> Original Final Actual Final Budget
<br /> REVENUES
<br /> Taxes:
<br /> Property taxes $ 9,203,100 $ 9,203,100 $ 9,150,139 $ (52,961)
<br /> Other taxes 84,000 84,000 114,129 30,129
<br /> Licenses and permits 558,400 558,400 513,779 (44,621)
<br /> Intergovernmental revenue 545,600 545,600 557,990 12,390
<br /> Charges for services 705,150 730,150 740,756 10,606
<br /> Fines and forfeits 127,200 127,200 122,985 (4,215)
<br /> Interest income 100,000 100,000 84,214 (15,786)
<br /> Miscellaneous revenue:
<br /> Refunds and reimbursements 66,500 66,500 65,053 (I,447)
<br /> Contributions 25,000 17,400 14,667 (2,733)
<br /> Other 6,000 6,000 7,762 1,762
<br /> Total revenues 11,420,950 11,438,350 11,371,474 (66,876)
<br /> EXPENDITURES
<br /> Current:
<br /> General government 2,950,550 2,950,550 2,846,579 103,971
<br /> Public safety 5,709,000 5,709,000 5,468,765 240,235
<br /> Public works 2,131,550 2,131,550 2,279,059 (147,509)
<br /> Culture and recreation 1,658,150 1,678,750 1,619,679 59,071
<br /> Capital outlay:
<br /> General government 44,900 44,900 41,310 3,590
<br /> Public safety 28,000 28,000 27,674 326
<br /> Public works 20,000 20,000 32,589 (12,589)
<br /> Total expenditures 12,542,150 12,562,750 12,315,655 247,095
<br /> Deficiency of revenues over expenditures (1,121,200) (1,124,400) (44,181) 180,219
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 1,216,000 1,216,000 1,216,000 -
<br /> Transfers out (294,800) (294,800) (422,843) (128,043)
<br /> Total other financing sources(uses) 921,200 921,200 793,157 (128,043)
<br /> Net change in fund balance (200,000) (203,200) (151,024) 52,176
<br /> Fund balance-January 1 6,205,314 6,205,314 6,205,314
<br /> Fund balance-December 31 $ 6,005,314 $ 6,002,114 $ 6,054,290 S 52,176
<br /> The notes to the financial statements are an integral part of this statement.
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