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Revenues
<br />Program revenues
<br />Charges for services
<br />Operating grants and contributions
<br />Capital grants and contributions
<br />General revenues
<br />Property taxes
<br />Othertaxes
<br />Grants and contributions not
<br />restricted to specific programs
<br />Unrestricted investment earnings
<br />Gain on disposal of capital assets
<br />Total revenues
<br />Expenses
<br />General government
<br />Public safety
<br />Public works
<br />Culture and recreation
<br />Economic development
<br />Interest on long-term debt
<br />Municipal liquor
<br />Garbage
<br />Sewer
<br />Storm Water
<br />Water
<br />Electric
<br />Total expenses
<br />Increase (decrease)in net
<br />position before transfers
<br />Transfer of capital assets
<br />Transfers
<br />Change in net position
<br />Net position - beginning
<br />as restated (note 9)
<br />Net position - ending
<br />City of Elk River Changes in Net Position
<br />Governmental Business -type
<br />Activities Activities
<br />manic renin nn-ic renin
<br />$ 2,827,043 $ 2,666,277 $ 45,680,611 $ 43,751,274
<br />1,033,338 1,049,744 - -
<br />3,574,036 4,020,851 2,708,564 935,909
<br />Total
<br />2015
<br />2014
<br />$ 48,507,654
<br />$ 46,417,551
<br />1,033,338
<br />1,049,744
<br />6,282,600
<br />4,956,760
<br />10,931,945
<br />10,509,231
<br />-
<br />-
<br />10,931,945
<br />10,509,231
<br />1,513,621
<br />1,441,259
<br />-
<br />-
<br />1,513,621
<br />1,441,259
<br />1,642,098
<br />1,749,886
<br />-
<br />-
<br />1,642,098
<br />1,749,886
<br />512,193
<br />1,137,024
<br />259,494
<br />557,659
<br />771,687
<br />1,694,683
<br />2,796,041
<br />29,593
<br />8,899
<br />29,525
<br />2,804,940
<br />59,118
<br />24,830,315
<br />22,603,865
<br />48,657,568
<br />45,274,367
<br />73,487,883
<br />67,878,232
<br />3,619,293
<br />3,554,136
<br />-
<br />-
<br />3,619,293
<br />3,554,136
<br />6,720,283
<br />6,615,593
<br />-
<br />-
<br />6,720,283
<br />6,615,593
<br />5,351,630
<br />6,860,673
<br />-
<br />-
<br />5,351,630
<br />6,860,673
<br />3,970,704
<br />4,088,992
<br />-
<br />-
<br />3,970,704
<br />4,088,992
<br />959,414
<br />1,091,125
<br />-
<br />-
<br />959,414
<br />1,091,125
<br />1,084,902
<br />1,075,408
<br />-
<br />-
<br />1,084,902
<br />1,075,408
<br />-
<br />-
<br />5,945,126
<br />5,776,873
<br />5,945,126
<br />5,776,873
<br />-
<br />-
<br />1,382,890
<br />1,303,943
<br />1,382,890
<br />1,303,943
<br />-
<br />-
<br />2,318,709
<br />2,156,329
<br />2,318,709
<br />2,156,329
<br />-
<br />-
<br />736,411
<br />-
<br />736,411
<br />-
<br />-
<br />-
<br />2,478,904
<br />2,459,319
<br />2,478,904
<br />2,459,319
<br />-
<br />-
<br />30,012,830
<br />29,597,247
<br />30,012,830
<br />29,597,247
<br />21,706,226
<br />23,285,927
<br />42,874,870
<br />41,293,711
<br />64,581,096
<br />64,579,638
<br />3,124,089 (682,062) 5,782,698 3,980,656 8,906,787
<br />(11,188,695) (313,287) 11,188,695 313,287 -
<br />297,362 1,332,023 (297,362) (1,332,023) -
<br />(7,767,244) 336,674 16,674,031 2,961,920 8,906,787
<br />3,298,594
<br />3,298,594
<br />eWM ",c=rti� W��•rv��fr��•zao�rv��i.�•z�ti��i����r�i�.��=ir�T��r�T�yn��irti�
<br />$ 98,876,918 $114,016,893 $101,742,068 $ 88,601,863 $200,618,986 $202,618,756
<br />* GASB Statement No. 68 was implemented for the year ended December 31, 2015 and required a $7,372,731 restatement of
<br />beginning net position for governmental activities and $3,533,826 restatement for business -type activities. Prior year amounts were
<br />not restated causing a variance in ending net position at December 31, 2014 and beginning net position January 1, 2015.
<br />Governmental activities. Governmental activities account for 49 percent of the City of Elk River's net position. Governmental
<br />activities decreased the City's net position by $7,767,244. Key elements of the relevant changes are as follows:
<br />• In 2015 governmental activities transfers $11,188,695 of capital assets to business -type activities related to the
<br />opening of the Storm Water fund.
<br />• The City recognized a gain on sale of capital assets of $2,796,041 related to the sale of land and vehicles.
<br />-21-
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