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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 /> Budgeted Amounts Over(Under)
<br /> Original Final Actual Final Budget
<br /> REVENUE
<br /> Taxes
<br /> Property Taxes $ 9,596,850 $ 9,596,850 $ 9,585,347 $ (11,503)
<br /> Other Taxes 127,000 127,000 159,873 32,873
<br /> Licenses and Permits 646,550 646,550 655,607 9,057
<br /> Intergovernmental Revenue 288,350 288,350 517,177 228,827
<br /> Charges for Services 915,800 915,800 922,478 6,678
<br /> Fines and Forfeits 127,000 127,000 155,966 28,966
<br /> Other Revenue:
<br /> Investment Earnings 85,000 85,000 95,458 10,458
<br /> Refunds and Reimbursements 101,000 101,000 120,158 19,158
<br /> Contributions 20,000 20,000 43,540 23,540
<br /> Miscellaneous Revenue 7,500 7,500 19,303 11,803
<br /> Total Revenue 11,915,050 11,915,050 12,274,907 359,857
<br /> EXPENDITURES
<br /> General Government 3,257,600 3,257,600 3,253,212 (4,388)
<br /> Public Safety 6,514,600 6,514,600 6,685,257 170,657
<br /> Public Works 1,893,300 1,893,300 1,775,150 (118,150)
<br /> Culture and Recreation 1,943,650 1,943,650 1,862,109 (81,541)
<br /> Total Expenditures 13,609,150 13,609,150 13,575,728 (33,422)
<br /> EXCESS(DEFICIENCY)OF REVENUE OVER
<br /> (UNDER)EXPENDITURES (1,694,100) (1,694,100) (1,300,821) 393,279
<br /> OTHER FINANCE SOURCES(USES)
<br /> Transfers In 1,969,750 1,969,750 1,769,750 (200,000)
<br /> Transfers Out (275,650) (275,650) (275,650)
<br /> Total Other Finance Sources(Uses) 1,694,100 1,694,100 1,494,100 (200,000)
<br /> NET CHANGE IN FUND BALANCES $ - $ - 193,279 $ 193,279
<br /> FUND BALANCES
<br /> Beginning of Year 6,564,798
<br /> End of Year $ 6,758,077
<br /> See accompanying Notes to Basic Financial Statements.
<br /> (27)
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