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Business -type activities. Business -type activities increased the City of Elk River's net position by $2,961,920. Key <br />elements of this increase are as follows: <br />• Charges for services for business -type activities increased $685,329 due largely to an increase in electric usage. <br />The electric utility accounts for 72% of the total charges for services. <br />• The increase 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 />96.6% <br />15 <br />