|
The notes to the financial statements are an integral part of this statement.
<br />24
<br />Other Total
<br />General YMCA Pavement Governmental Governmental
<br />Fund Bonds Management Funds Funds
<br />REVENUES
<br />Taxes:
<br /> Property taxes 9,943,268$ 509,693$ -$ 1,189,817$ 11,642,778$
<br /> Other taxes 144,132 - 1,398,954 - 1,543,086
<br />Licenses and permits 1,007,543 - -- 1,007,543
<br />Intergovernmental revenue 546,362 - 2,052,018 1,329,994 3,928,374
<br />Charges for services 1,033,053 - - 1,193,883 2,226,936
<br />Fines and forfeits 178,671 - - 26,785 205,456
<br />Special assessments - - - 241,304 241,304
<br />Interest income 120,645 55,236 69,870 252,484 498,235
<br />Miscellaneous:
<br /> Landfill expansion fee - - - 1,126,743 1,126,743
<br /> Refunds and reimbursements 130,003 - 167,091 196,978 494,072
<br /> Contributions 16,000 235,266 - 352,383 603,649
<br /> Other 5,015 - - 83,909 88,924
<br /> Total revenues 13,124,692 800,195 3,687,933 5,994,280 23,607,100
<br />EXPENDITURES
<br />Current:
<br /> General government 3,355,858 - - 168,776 3,524,634
<br /> Public safety 6,723,602 - - 68,136 6,791,738
<br /> Public works 1,866,693 - - 107,402 1,974,095
<br /> Culture and recreation 1,913,809 - - 1,023,524 2,937,333
<br /> Economic development - - - 1,108,233 1,108,233
<br />Capital outlay:
<br /> General government - - - 117,912 117,912
<br /> Public safety - - - 442,518 442,518
<br /> Public works - - 4,361,164 1,373,231 5,734,395
<br /> Culture and recreation - - - 762,661 762,661
<br /> Economic development - - - 107,800 107,800
<br />Debt service:
<br /> Principal - 9,620,000 - 1,055,000 10,675,000
<br /> Interest and service charges - 426,742 - 313,018 739,760
<br /> Total expenditures 13,859,962 10,046,742 4,361,164 6,648,211 34,916,079
<br />Excess (deficiency) of revenues
<br /> over expenditures (735,270) (9,246,547) (673,231) (653,931) (11,308,979)
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 1,872,050 - - 2,403,747 4,275,797
<br />Transfers out (597,347) - - (1,707,200) (2,304,547)
<br />Sale of capital assets - - - 116,012 116,012
<br /> Total other financing sources (uses)1,274,703 - - 812,559 2,087,262
<br />Net change in fund balances 539,433 (9,246,547) (673,231) 158,628 (9,221,717)
<br />Fund balances - January 1 6,758,077 9,775,782 3,811,788 17,988,983 38,334,630
<br />Fund balances - December 31 7,297,510$ 529,235$ 3,138,557$ 18,147,611$ 29,112,913$
<br />CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2017
|