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The following tabl
<br />
<br />Year
<br />
<br />2003
<br />2002
<br />2001
<br />2000
<br />
<br />The cash provided
<br />amount of cash ne{
<br />capital activities fc
<br />
<br />Other Items
<br />
<br />Fund Deficits
<br />
<br />Each individual fund st
<br />end. It appears that pre
<br />
<br />Ful
<br />
<br />Special revenue
<br />Ice Arena
<br />Capital projects
<br /> Improvement pr,
<br /> Tax Increment
<br />
<br />This report is intended sole]
<br />the report are purely constn
<br />
<br />Our audit would not necess~
<br />records and related data.
<br />
<br />If you have any questions o:
<br />convenience. We wish to tt
<br />to us by your staff.
<br />
<br />March 19, 2004
<br />Minneapolis, Minnesota
<br />
<br />952.835.9090 · Fax 952.835.3261
<br />www. aemepas.com
<br />
<br />CityofElkRiver
<br /> March 19, 2004
<br /> Page Thirteen
<br />
<br />gives an indication of the sources ~nd uses of cash for the past four years:
<br />
<br /> Cash Provided (Used) By
<br />Beginning Non-capital Capital
<br />Cash Operating Financing Financing
<br />Balance Activities Activities Activities
<br />
<br />Investing
<br />Activities
<br />
<br />2,250,971 $ 2,488,280 $ (277,407) $ (2,778,559) $ 37,527
<br />1,708,447 2,761,579 703,979 (3,029,277) 106,243
<br />1,407,906 2,795,337 (382,380) (2,207,544) 95,128
<br />1,315,004 2,226,373 (382,249) (1,846,478) 95,256
<br />
<br />>y operating activities has remainec
<br />'.ded each year for the capital activit
<br />r most of the last four years.
<br />
<br />Ending
<br />Cash
<br />Balance
<br />
<br />$ 1,720,812
<br /> 2,250,971
<br /> 1,708,447
<br /> 1,407,906
<br />
<br />relatively strong. The summary above highlights the significant
<br />es of the Utilities. The operations have been able to finance the
<br />
<br />.ould have sufficient resources to prbvide for its operations. The following funds have deficits at year
<br />~er monitoring is in place to ensurei that these deficits will eventually be eliminated.
<br />
<br />~j ects
<br />inancing Districts
<br />
<br />2003
<br />
<br />$ 18,295
<br />
<br /> 281,371
<br /> 41,701
<br />
<br />y for the information and use ofrna~gement and Council. The comments and recommendations in
<br />Lctive in nature, and should be read ~n this context.
<br />Lrily disclose all weaknesses in the s~stem because it was based on selected tests of the accounting
<br />
<br /> wish to discuss any of the items contained in this letter, please feel free to contact us at your
<br />~ank you for the continued opportunity to be of service and for the courtesy and cooperation extended
<br />
<br />ABDO, EICK & MEYERS, LLP
<br />Certified Public Accountants
<br />
<br />
<br />
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