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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 levels 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 2015 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 additional <br />financial information should be addressed to City of Elk River, Attn: Finance Director, 13065 Orono Pkwy, Elk River, <br />Minnesota 55330 or by calling (763) 635 -1000. <br />1E <br />