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CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF REVENUES,EXPENDITURES,AND CHANGES IN FUND BALANCES
<br /> GOVERNMENTAL FUNDS
<br /> FOR THE YEAR ENDED DECEMBER 31,2014
<br /> Other Total
<br /> General YMCA Governmental Governmental
<br /> Fund Bonds TJF Districts Funds Funds
<br /> REVENUES
<br /> Taxes:
<br /> Property taxes $ 9,264,608 $ 264,472 $ 130,324 $ 980,847 $ 10,640,25!
<br /> Other taxes 126,765 - - 1,314,494 1,441,259
<br /> Licenses and permits 559,286 - - - 559,286
<br /> intergovernmental revenue 286,851 - - 551,722 838,573
<br /> Charges for services 816,556 - - 1,274,551 2,091,107
<br /> Fines and forfeits 128,131 - - 32,167 160,298
<br /> Special assessments - - 881,271 881,271
<br /> Interest income 48,957 92,953 4,774 999,778 1,146,462
<br /> Miscellaneous:
<br /> Landfill expansion fee - - - 757,960 757,960
<br /> Refunds and reimbursements 92,614 - - 117,207 209,821
<br /> Contributions 26,919 247,284 - 1,052,704 1,326,907
<br /> Other 7,859 - 56,162 64,021
<br /> Total revenues 11,358,546 604,709 135,098 8,018,863 20,117,216
<br /> EXPENDITURES
<br /> Current:
<br /> General government 3,033,392 - - 148,155 3,181,547
<br /> Public safety 5,790,772 - - 118,881 5,909,653
<br /> Public works 1,929,210 - - 1,045,009 2,974,219
<br /> Culture and recreation 1,810,291 - - 1,071,694 2,881,985
<br /> Economic development - - 345,591 749,944 1,095,535
<br /> Debt service:
<br /> Principal - 315,000 - 1,220,000 1,535,000
<br /> interest and service charges - 656,914 - 448,200 1,105,114
<br /> Capital outlay:
<br /> General government 10,900 - - 212,587 223,487
<br /> Public safety - - - 310,166 310,166
<br /> Public works - - - 1,436,684 1,436,684
<br /> Culture and recreation - - - 307,140 307,140
<br /> Total expenditures 12,574,565 971,914 345,591 7,068,460 20,960,530_
<br /> Excess(deficiency)of revenues
<br /> over expenditures (1,216,019) (367,205) (210,493) 950,403 (843,314)
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 1,625,550 250,000 - 2,961,466 4,837,016
<br /> Transfers out (300,219) - - (3,204,774) (3,504,993)
<br /> Sale of capital assets - - - 44,827 44,827
<br /> Total other financing sources(uses) 1,325,331 250,000 - (198,481) 1,376,850
<br /> Net change in fund balances 109,312 (117,205) (210,493) 751,922 533,536
<br /> Fund balances-January 1 6,054,290 10,128,625 (1,039,866) 23,336,622 38,479,671
<br /> Prior period adjustment - - - 362,655 362,655
<br /> Fund balances,restated-January I 6,054,290 10,128,625 (1,039,866) 23,699,277 38,842,326
<br /> Fund balances-December 31 $ 6,163,602 $ 10011,420 $ (l,250,359) $ 24,451,199 $ 39,375,862
<br /> The notes to the financial statements are an integral part of this statement.
<br /> I1112
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