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CITY OF ELK RIVER, MINNESOTA <br />CHANGES IN NET POSITION - CONTINUED <br />LAST TEN FISCAL YEARS <br />(accrual basis of accounting) <br />Net (expense)/revenue <br />Governmental activities <br />Business -type activities <br />Total primary government net (expense)/revenue <br />General Revenues and Other Changes in Net Position <br />Governmental activities <br />Property taxes <br />Tax increment <br />Other taxes <br />Unrestricted grants and contributions <br />Investment earnings <br />Miscellaneous <br />Transfers of capital assets <br />Transfers <br />Total governmental activities <br />Business -type activities <br />Investment earnings <br />Miscellaneous <br />Transfers of capital assets <br />Transfers <br />Total business -type activities <br />Total primary government <br />Change in Net Position <br />Governmental activities <br />Business -type activities <br />Total primary government <br />Fiscal Year <br />2006 2007 2008 2009 <br />$ (5,575,609) $ (13,131,835) $ (14,712,481) <br />5,370,087 3,634,158 1,981,257 <br />$ (205,522) $ (9,497,677) $ (12,731,224) <br />$ <br />8,754,923 <br />$ <br />9,744,930 <br />$ <br />11,095,407 <br />790,882 <br />894,595 <br />1,041,300 <br />2,577,700 <br />2,395,665 <br />1,775,536 <br />1,151,144 <br />1,465,401 <br />1,215,053 <br />28,450 <br />23,213 <br />- <br />- <br />(511,412) <br />- <br />908,826 <br />778,840 <br />1,050,301 <br />14,211,925 <br />14,791,232 <br />16,177, 597 <br />589,210 <br />640,876 <br />534,485 <br />2,108 <br />- <br />2,000 <br />- <br />511,412 <br />- <br />(908,826) <br />(778,840) <br />(1,050,301) <br />(317,508) <br />373,448 <br />(513,816) <br />$ <br />13,894,417 <br />$ <br />15,164,680 <br />$ <br />15,663,781 <br />$ <br />8,636,316 <br />$ <br />1,659,397 <br />$ <br />1,465,116 <br />5,052,579 <br />4,007,606 <br />1,467,441 <br />$ <br />13,688,895 <br />$ <br />5,667,003 <br />$ <br />2,932,557 <br />Note: The City implemented GASB Statement No. 63 and GASB Statement No. 65 in fiscal year 2012. Net position <br />information has been restated for 2011 for this accounting change. Years prior to 2011 have not been restated. <br />-134- <br />$ (15,360,690) <br />1,625,701 <br />$ (13,734,989) <br />$ 11,440,991 <br />1,080,142 <br />156,894 <br />1,940,274 <br />548,651 <br />20,013 <br />1,045,002 <br />16,231,967 <br />367,883 <br />(1,045,002) <br />(677,119) <br />$ 15,554,848 <br />$ 871,277 <br />948,582 <br />$ 1,819,859 <br />