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• ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> 1993 STATEMENT OF CASH ACTIVITY <br /> Cash Balance: <br /> December 31, 1988 $16, 147 .45 <br /> December 31, 1989 31,913. 04 <br /> December 31, 1990 30,801.44 <br /> December 31, 1991 42,060 .21 <br /> December 31, 1992 61,813 .49 <br /> December 31, 1993* 69,557 .04 <br /> 1993 Revenues: <br /> Ad Valorem Tax** $61,878. 74 <br /> State Aids 11,415. 00 <br /> Interest Income* 1,825.54 <br /> $75, 119 .28 <br /> 1993 Expenditures: *** <br /> Personal Services $21,000 . 00 <br /> Legal Services 722 .40 <br /> • Econ. Dev. Consultant 148.75 <br /> Other Professional Service 1, 169 .88 <br /> Advertising 14,551 .82 <br /> Newsletter/Targeted <br /> Marketing 6, 183.51 <br /> Postage 2, 132 .83 <br /> Chamber of Commerce 4,000 . 00 <br /> Transfer to City 6,000.00 <br /> Minnesota Housing Finance 9,942 .42 <br /> Other 1,524 . 12 <br /> $67,375 .73 <br /> Excess Revenues over Expenditures $ 7,743.55 <br /> (Excluding all accounts receivable and payable) <br /> *Excludes December, 1993 Interest Income <br /> **Excludes Taxes Receivable <br /> ***Excludes All Accounts Payable <br /> • <br />