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CITY OF ELK RIVER
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GENERAL FUND - BUDGET TO ACTUAL (GAAP BASIS)
<br />YEAR ENDED DECEMBER 31, 2016
<br />See accompanying Notes to Basic Financial Statements.
<br />(27)
<br />Budgeted Amounts
<br />Over (Under)
<br />Original
<br />Final
<br />Actual
<br />Final Budget
<br />REVENUE
<br />Taxes
<br />Property Taxes
<br />$ 9,596,850 $
<br />9,596,850
<br />$ 9,585,347 $
<br />(11,503)
<br />Other Taxes
<br />127,000
<br />127,000
<br />159,873
<br />32,873
<br />Licenses and Permits
<br />646,550
<br />646,550
<br />655,607
<br />9,057
<br />Intergovernmental Revenue
<br />288,350
<br />288,350
<br />517,177
<br />228,827
<br />Charges for Services
<br />915,800
<br />915,800
<br />922,478
<br />6,678
<br />Fines and Forfeits
<br />127,000
<br />127,000
<br />155,966
<br />28,966
<br />Other Revenue:
<br />Investment Earnings
<br />85,000
<br />85,000
<br />95,458
<br />10,458
<br />Refunds and Reimbursements
<br />101,000
<br />101,000
<br />120,158
<br />19,158
<br />Contributions
<br />20,000
<br />20,000
<br />16,000
<br />(4,000)
<br />Miscellaneous Revenue
<br />7,500
<br />7,500
<br />19,303
<br />11,803
<br />Total Revenue
<br />11,915,050
<br />11,915,050
<br />12,247,367
<br />332,317
<br />EXPENDITURES
<br />General Government
<br />3,257,600
<br />3,257,600
<br />3,253,212
<br />(4,388)
<br />Public Safety
<br />6,514,600
<br />6,514,600
<br />6,657,717
<br />143,117
<br />Public Works
<br />1,893,300
<br />1,893,300
<br />1,775,150
<br />(118,150)
<br />Culture and Recreation
<br />1,943,650
<br />1,943,650
<br />1,862,109
<br />(81,541)
<br />Total Expenditures
<br />13,609,150
<br />13,609,150
<br />13,548,188
<br />(60,962)
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br />(UNDER) EXPENDITURES
<br />(1,694,100
<br />(1,694,100)
<br />(1,300,821)
<br />393,279
<br />OTHER FINANCE SOURCES (USES)
<br />- -
<br />Transfers In
<br />1,969,750'a
<br />1,969,750
<br />1,769,750
<br />(200,000)
<br />Transfers Out
<br />(275,650) (275,650)
<br />(275,650)
<br />Total Other Finance Sources (Uses)
<br />1,694,100
<br />1,694,100
<br />1,494,100
<br />(200,000)
<br />NET CHANGE IN FUND BALANCES'
<br />$
<br />-
<br />193,279 $
<br />193,279
<br />FUND BALANCES
<br />Beginning of Year
<br />6,564,798
<br />End of Year
<br />$ 6,758,077
<br />See accompanying Notes to Basic Financial Statements.
<br />(27)
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