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CITY OF ELK RIVER <br /> MANAGEMENT'S DISCUSSION AND ANALYSIS <br /> ENDED DECEMBER 31, 2016 <br /> Business-type activities. Business-type activities increased the City of Elk River's net position by <br /> $2,953,172. Key elements of this increase are as follows: <br /> • Charges for services for business-type activities increased $1,708,347 due largely to an <br /> increase in electric usage. The electric utility accounts for 73% of the total charges for services. <br /> • In 2016, the Electric fund sold its security division for a gain on the sale of$330,293. <br /> Expenses and Program Revenues-Business-Type Activities <br /> $35,000,000 <br /> $30,000,000 <br /> $25,000,000 <br /> $20,000,000 <br /> $15,000,000 <br /> $10,000,000 <br /> $5,000,000 <br /> $o ■ ■ _ ■s <br /> Municipal Liquor Sewer Garbage Storm Water Electric Water <br /> ■Revenues ■Expenses <br /> (18) <br />