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CITY OF ELK RIVER, MINNESOTA <br />FUND BALANCES OF GOVERNMENTAL FUNDS <br />LAST TEN FISCAL YEARS <br />(modified accrual basis of accounting) <br />Fiscal Year <br />2006 2007 2008 2009 <br />General fund <br />Reserved $ - $ 5,938 $ - $ - <br />Unreserved 4,816,386 5,346,066 5,190,662 5,699,575 <br />Nonspendable - - - - <br />Restricted - - - - <br />Committed - - - - <br />Assigned - - - - <br />Unassigned - - - - <br />Total General fund $ 4,816,386 $ 5,352,004 $ 5,190,662 $ 5,699,575 <br />All other governmental funds <br />Reserved <br />$ 9,979,026 <br />$ 14,453,663 <br />$ 6,953,630 <br />$ 6,535,205 <br />Unreserved, reported in <br />Special revenue funds <br />5,070,764 <br />3,849,815 <br />7,751,286 <br />7,844,537 <br />Capital projects funds <br />8,091,573 <br />9,179,236 <br />9,574,268 <br />10,101,066 <br />Nonspendable <br />- <br />- <br />- <br />- <br />Restricted <br />- <br />- <br />- <br />- <br />Committed <br />- <br />- <br />- <br />- <br />Assigned <br />- <br />- <br />- <br />- <br />Unassigned <br />- <br />- <br />- <br />- <br />Total all other governmental funds <br />$ 23,141,363 <br />$ 27,482,714 <br />$ 24,279,184 <br />$ 24,480,808 <br />Note: The City implemented GASB 54 in fiscal year 2010, resulting in significant reclassification <br />of the components of fund balance. Years prior to 2010 have not been restated. <br />-136- <br />