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CITY OF ELK RIVER, MINNESOTA
<br />GENERAL FUND
<br />STATEMENT OF REVENUES, EXPENDITURES,
<br />AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
<br />FOR THE YEAR ENDED DECEMBER 31, 2015
<br />The notes to the financial statements are an integral part of this statement.
<br />-39-
<br />Budget
<br />Actual
<br />Variance with
<br />Original
<br />Final
<br />Amounts
<br />Final Budget
<br />REVENUES
<br />Taxes
<br />Property taxes
<br />$ 9,420,750 $
<br />9,535,750
<br />$ 9,483,656
<br />$ (52,094)
<br />Other taxes
<br />125,000
<br />125,000
<br />164,559
<br />39,559
<br />Licenses and permits
<br />599,400
<br />599,400
<br />639,791
<br />40,391
<br />Intergovernmental
<br />286,550
<br />286,550
<br />297,669
<br />11,119
<br />Charges for services
<br />854,450
<br />854,450
<br />867,211
<br />12,761
<br />Fines and forfeits
<br />125,000
<br />130,400
<br />153,344
<br />22,944
<br />Interest income
<br />85,000
<br />85,000
<br />79,741
<br />(5,259)
<br />Miscellaneous
<br />Refunds and reimbursements
<br />101,000
<br />101,000
<br />105,951
<br />4,951
<br />Contributions
<br />25,000
<br />25,000
<br />22,505
<br />(2,495)
<br />Other
<br />6,000
<br />6,000
<br />5,572
<br />(428)
<br />TOTAL REVENUES
<br />11,628,150
<br />11,748,550
<br />11,819,999
<br />71,449
<br />EXPENDITURES
<br />Current
<br />General government
<br />3,159,750
<br />3,163,150
<br />3,141,666
<br />21,484
<br />Public safety
<br />6,263,400
<br />6,295,900
<br />6,060,771
<br />235,129
<br />Public works
<br />1,807,750
<br />1,870,400
<br />1,827,323
<br />43,077
<br />Culture and recreation
<br />1,830,750
<br />1,852,600
<br />1,822,543
<br />30,057
<br />TOTAL EXPENDITURES
<br />13,061,650
<br />13,182,050
<br />12,852,303
<br />329,747
<br />DEFICIENCY OF REVENUES
<br />UNDER EXPENDITURES
<br />(1,433,500)
<br />(1,433,500)
<br />(1,032,304)
<br />401,196
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in
<br />1,684,650
<br />1,684,650
<br />1,684,650
<br />-
<br />Transfers out
<br />(251,150)
<br />(251,150)
<br />(251,150)
<br />-
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES)
<br />1,433,500
<br />1,433,500
<br />1,433,500
<br />-
<br />NET CHANGE IN FUND BALANCES
<br />-
<br />-
<br />401,196
<br />401,196
<br />FUND BALANCES, JANUARY 1
<br />6,163,602
<br />6,163,602
<br />6,163,602
<br />-
<br />FUND BALANCES, DECEMBER 31
<br />$ 6,163,602 $
<br />6,163,602
<br />$ 6,564,798
<br />$ 401,196
<br />The notes to the financial statements are an integral part of this statement.
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