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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2015
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />F. Fund Balance Classification
<br />At December 31, 2015, a summary of the governmental fund balance classifications are as follows:
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<br />Other
<br />General
<br />YMCA
<br />Pavement
<br />Governmental
<br />Fund
<br />Bonds
<br />TIF Districts
<br />Management
<br />Funds
<br />Total
<br />Nonspendable
<br />Prepaid items
<br />$ 23,676
<br />$ -
<br />$ -
<br />$ -
<br />$
<br />103,295
<br />$ 126,971
<br />Restricted for
<br />Debt service
<br />$ -
<br />$ 9,894,258
<br />$ -
<br />$ -
<br />$
<br />1,130,389
<br />$ 11,024,647
<br />Landfill mitigation
<br />-
<br />-
<br />-
<br />-
<br />460,524
<br />460,524
<br />Economic development
<br />-
<br />-
<br />56,046
<br />-
<br />1,247,312
<br />1,303,358
<br />Law enforcement
<br />-
<br />-
<br />-
<br />-
<br />12,099
<br />12,099
<br />Fire Honor Guard
<br />6,000
<br />-
<br />-
<br />-
<br />-
<br />6,000
<br />Park improvements
<br />1,000
<br />-
<br />-
<br />-
<br />401,872
<br />402,872
<br />Total restricted
<br />$ 7,000
<br />$ 9,894,258
<br />$ 56,046
<br />$ -
<br />$
<br />3,252,196
<br />$ 13,209,500
<br />Committed to
<br />Library operations
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$
<br />415,778
<br />$ 415,778
<br />Ice arena
<br />-
<br />-
<br />-
<br />-
<br />270,407
<br />270,407
<br />Economic development
<br />-
<br />-
<br />-
<br />-
<br />4,461,882
<br />4,461,882
<br />Insurance reserve
<br />-
<br />-
<br />-
<br />-
<br />180,950
<br />180,950
<br />Street improvements
<br />-
<br />-
<br />-
<br />2,770,934
<br />-
<br />2,770,934
<br />OPEB obligation
<br />376,943
<br />-
<br />-
<br />-
<br />-
<br />376,943
<br />Total committed
<br />$ 376,943
<br />$ -
<br />$ -
<br />$ 2,770,934
<br />$
<br />5,329,017
<br />7-7,476,894
<br />Assigned to
<br />Landfill mitigation
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$
<br />767,997
<br />$ 767,997
<br />Law enforcement
<br />-
<br />-
<br />-
<br />-
<br />1,725
<br />1,725
<br />Debt service
<br />-
<br />-
<br />-
<br />-
<br />44,704
<br />44,704
<br />Economic development
<br />-
<br />-
<br />-
<br />-
<br />545,220
<br />545,220
<br />Capital equipment
<br />-
<br />-
<br />-
<br />-
<br />1,663,668
<br />1,663,668
<br />Building construction/improvements
<br />-
<br />-
<br />-
<br />-
<br />3,859,536
<br />3,859,536
<br />Street improvements
<br />-
<br />-
<br />-
<br />-
<br />1,878,713
<br />1,878,713
<br />Other improvement projects
<br />-
<br />-
<br />-
<br />-
<br />6,501,420
<br />6,501,420
<br />Park improvements
<br />-
<br />-
<br />-
<br />-
<br />316,541
<br />316,541
<br />Total assigned
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$ 15,579,524
<br />$ 15,579,524
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