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CITY OF ELK RIVER
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2016
<br />General
<br />Fund YMCA Bonds
<br />Pavement
<br />Management
<br />Other
<br />Governmental
<br />Funds Totals
<br />REVENUE
<br />Property Taxes
<br />$
<br />9,585,347 $
<br />405,407 $
<br />-
<br />$ 1,180,742
<br />$ 11,171,496
<br />Other Taxes
<br />159,873
<br />-
<br />1,392,626
<br />-
<br />1,552,499
<br />Special Assessments
<br />-
<br />-
<br />456,666
<br />456,666
<br />Licenses and Permits
<br />655,607
<br />-
<br />-
<br />655,607
<br />Intergovernmental Revenue
<br />517,177
<br />668,072
<br />496,417
<br />1,681,666
<br />Charges for Services
<br />922,478
<br />-
<br />928,930
<br />1,851,408
<br />Fines and Forfeitures
<br />155,966
<br />11,560
<br />167,526
<br />Other Revenue:
<br />Landfill Expansion Fee
<br />-
<br />-
<br />-
<br />1,220,232
<br />1,220,232
<br />Investment Earnings
<br />95,458
<br />86,962
<br />2,004
<br />127,045
<br />311,469
<br />Refunds and Reimbursements
<br />120,158
<br />-
<br />-
<br />600,971
<br />721,129
<br />Contributions
<br />16,000
<br />261,059
<br />355,008
<br />632,067
<br />Miscellaneous Revenue
<br />19,303
<br />-
<br />-
<br />55,516
<br />74,819
<br />Total Revenue
<br />12,247,367
<br />753,428
<br />2,062,702
<br />5,433,087
<br />20,496,584
<br />EXPENDITURES
<br />Current:
<br />General Government
<br />3,253,212
<br />-
<br />-
<br />348,256
<br />3,601,468
<br />Public Safety
<br />6,657,717
<br />173,882
<br />6,831,599
<br />Public Works
<br />1,775,150
<br />86,101
<br />1,861,251
<br />Culture and Recreation
<br />1,862,109
<br />1,010,172
<br />2,872,281
<br />Economic Development
<br />-
<br />949,205
<br />949,205
<br />Capital Outlay
<br />General Government
<br />-
<br />37,982
<br />37,982
<br />Public Safety
<br />266,490
<br />266,490
<br />Public Works
<br />1,021,848
<br />831,402
<br />1,853,250
<br />Culture and Recreation
<br />-
<br />524,636
<br />524,636
<br />Debt Service:
<br />Principal Retirement
<br />380,000
<br />4,720,000
<br />5,100,000
<br />Interest and Fiscal Charges
<br />629,691
<br />-
<br />518,844
<br />1,148,535
<br />Total Expenditures
<br />"
<br />13,548,188
<br />1,009,691
<br />1,021,848
<br />9,466,970
<br />25,046,697
<br />EXCESS (DEFICIENCY) OF REVENUE
<br />OVER
<br />(UNDER) EXPENDITURES
<br />(1,300,821)
<br />(256,263)
<br />1,040,854
<br />(4,033,883)
<br />(4,550,113)
<br />OTHER FINANCE SOURCES (USES)
<br />Transfers In
<br />Transfers Out
<br />1,769,750
<br />(275,650)
<br />137,787
<br />-
<br />-
<br />4,617,000
<br />(4,556,750)
<br />6,524,537
<br />(4,832,400)
<br />Proceed from Sale of Capital Assets
<br />-
<br />80,587
<br />80,587
<br />Total Other Finance Sources (Uses)
<br />1,494,100
<br />137,787
<br />140,837
<br />1,772,724
<br />NET CHANGE IN FUND BALANCES
<br />193,279
<br />(118,476)
<br />1,040,854
<br />(3,893,046)
<br />(2,777,389)
<br />FUND BALANCES
<br />Beginning of Year
<br />6,564,798
<br />9,894,258
<br />2,770,934
<br />21,882,029
<br />41,112,019
<br />End of Year
<br />$
<br />6,758,077 $
<br />9,775,782 $
<br />3,811,788
<br />$ 17,988,983
<br />$ 38,334,630
<br />See accompanying Notes to Basic Financial Statements.
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