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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 /> Other
<br /> General Pavement Governmental
<br /> Fund YMCA Bonds Management Funds Totals
<br /> REVENUE
<br /> Property Taxes $ 9,585,347 $ 405,407 $ - $ 1,180,742 $ 11,171,496
<br /> Other Taxes 159,873 - 1,392,626 - 1,552,499
<br /> Special Assessments - - 456,666 456,666
<br /> Licenses and Permits 655,607 - - 655,607
<br /> Intergovernmental Revenue 517,177 668,072 496,417 1,681,666
<br /> Charges for Services 922,478 - 928,930 1,851,408
<br /> Fines and Forfeitures 155,966 11,560 167,526
<br /> Other Revenue:
<br /> Landfill Expansion Fee - - - 1,220,232 1,220,232
<br /> Investment Earnings 95,458 86,962 2,004 127,045 311,469
<br /> Refunds and Reimbursements 120,158 - - 600,971 721,129
<br /> Contributions 43,540 261,059 355,008 659,607
<br /> Miscellaneous Revenue 19,303 - - 55,516 74,819
<br /> Total Revenue 12,274,907 753,428 2,062,702 5,433,087 20,524,124
<br /> EXPENDITURES
<br /> Current:
<br /> General Government 3,253,212 - - 348,256 3,601,468
<br /> Public Safety 6,685,257 173,882 6,859,139
<br /> Public Works 1,775,150 86,101 1,861,251
<br /> Culture and Recreation 1,862,109 1,010,172 2,872,281
<br /> Economic Development - 949,205 949,205
<br /> Capital Outlay
<br /> General Government 37,982 37,982
<br /> Public Safety 266,490 266,490
<br /> Public Works 1,021,848 831,402 1,853,250
<br /> Culture and Recreation - - 524,636 524,636
<br /> Debt Service:
<br /> Principal Retirement 380,000 4,720,000 5,100,000
<br /> Interest and Fiscal Charges - 629,691 - 518,844 1,148,535
<br /> Total Expenditures 13,575,728 1,009,691 1,021,848 9,466,970 25,074,237
<br /> EXCESS(DEFICIENCY)OF REVENUE OVER
<br /> (UNDER)EXPENDITURES (1,300,821) (256,263) 1,040,854 (4,033,883) (4,550,113)
<br /> OTHER FINANCE SOURCES(USES)
<br /> Transfers In 1,769,750 137,787 - 4,617,000 6,524,537
<br /> Transfers Out (275,650) - (4,556,750) (4,832,400)
<br /> Proceed from Sale of Capital Assets - - 80,587 80,587
<br /> Total Other Finance Sources(Uses) 1,494,100 137,787 - 140,837 1,772,724
<br /> NET CHANGE IN FUND BALANCES 193,279 (118,476) 1,040,854 (3,893,046) (2,777,389)
<br /> FUND BALANCES
<br /> Beginning of Year 6,564,798 9,894,258 2,770,934 21,882,029 41,112,019
<br /> End of Year $ 6,758,077 $ 9,775,782 $ 3,811,788 $ 17,988,983 $ 38,334,630
<br /> See accompanying Notes to Basic Financial Statements.
<br /> (25)
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