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CITY OF ELK RIVER,MINNESOTA
<br /> GENERAL FUND
<br /> STATEMENT OF REVENUES,EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL
<br /> FOR THE YEAR ENDED DECEMBER 31,2014
<br /> Budget Variance with
<br /> Original Final Actual Final Budget
<br /> REVENUES
<br /> Taxes:
<br /> Property taxes $ 9,181,300 $ 9,181,300 $ 9,264,608 $ 83,308
<br /> Other taxes 125,000 125,000 126,765 1,765
<br /> Licenses and permits 575,900 535,900 559,286 23,386
<br /> Intergovernmental revenue 277,900 277,900 286,851 8,951
<br /> Charges for services 755,650 836,550 816,556 (19,994)
<br /> Fines and forfeits 122,200 122,200 128,131 5,931
<br /> Interest income 85,000 85,000 48,957 (36,043)
<br /> Miscellaneous revenue:
<br /> Refunds and reimbursements 101,000 101,000 92,614 (8,386)
<br /> Contributions 15,000 27,500 26,919 (581)
<br /> Other 6,000 6,000 7,859 12859
<br /> Total revenues 11,244,950 11,298,350 11,358,546 60,196
<br /> EXPENDITURES
<br /> Current:
<br /> General government 3,075,250 3,057,750 3,033,392 24,358
<br /> Public safety 5,902,000 5,902,000 5,790,772 111,228
<br /> Public works 1,778,300 1,838,300 1,929,210 (90,910)
<br /> Culture and recreation 1,812,900 1,812,900 1,810,291 2,609
<br /> Capital outlay:
<br /> General government - 10,900 10,900 -
<br /> Total expenditures 12,568,450 12,621,850 12,574,565 47,285
<br /> Deficiency of revenues under expenditures (1,323,500) (1,323,500) (1,216,019) 107,481
<br /> OTHER FINANCING SOURCES(USES)
<br /> Transfers in 1,625,550 1,625,550 1,625,550 -
<br /> Transfers out (302,050) (302,050) (300,219) 1,831
<br /> Total other financing sources(uses) 1,323,500 1,323,500 1,325,331 1,831
<br /> Net change in fund balance - - 109,312 109,312
<br /> Fund balance-January 1 6,054,290 6,054,290 6,054,290 -
<br /> Fund balance-December 31 $ 6,054,290 $ 6,054,290 $ 6,163,602 $ 109,312
<br /> The notes to the financial statements are an integral part of this statement.
<br /> I11810
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