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88 <br />Variance with <br />Original Final Actual Final Budget <br />REVENUES <br />Property taxes 374,900$ 374,900$ 358,578$ (16,322)$ <br />Intergovernmental revenue - - 202 202 <br />Charges for services 3,500 3,500 3,500 - <br />Interest income 5,500 5,500 3,791 (1,709) <br />Miscellaneous revenue: <br /> Other - - 27,993 27,993 <br /> Total revenues 383,900 383,900 394,064 10,164 <br />EXPENDITURES <br />Current: <br /> Economic development 259,700 259,700 226,451 33,249 <br />Excess (deficiency) of revenues <br /> over (under) expenditures 124,200 124,200 167,613 43,413 <br />OTHER FINANCING USES <br />Transfers out (34,800) (100,800) (100,800) - <br />Net change in fund balance 89,400$ 23,400$ 66,813 43,413$ <br />Fund balance - January 1 1,177,216 <br />Fund balance - December 31 1,244,029$ <br />FOR THE YEAR ENDED DECEMBER 31, 2017 <br />Budget <br />CITY OF ELK RIVER, MINNESOTA <br />SPECIAL REVENUE FUND - ECONOMIC DEVELOPMENT AUTHORITY FUND <br />SCHEDULE OF REVENUES, EXPENDITURES AND <br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL