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CITY OF ELK RIVER, MINNESOTA <br />TABLE OF CONTENTS <br />FOR THE YEAR ENDED DECEMBER 31, 2017 <br /> <br /> Page No. <br />I. INTRODUCTORY SECTION <br /> <br /> Letter of Transmittal …………………………………………………………………………….. 1 <br /> Certificate of Achievement …………………………………………………………………….... 4 <br /> Organizational Chart …………………………………………………………………………..… 5 <br /> Elected and Appointed Officials ………………………………………………………………… 6 <br /> <br />II. FINANCIAL SECTION <br /> <br /> Independent Auditors’ Report …………………………………………………………………… 7 <br /> Management’s Discussion and Analysis ………………………………………………………… 10 <br /> Basic Financial Statements: <br /> Government-wide Financial Statements: <br /> Statement of Net Position ………………………………………………………………….. 20 <br /> Statement of Activities ……………………………………………………………………... 21 <br /> Fund Financial Statements: <br /> Balance Sheet - Governmental Funds ……………………………………………………… 22 <br /> Reconciliation of the Governmental Funds Balance Sheet to <br /> the Statement of Net Position ……………………………………………………………. 23 <br /> Statement of Revenues, Expenditures, and Changes in <br /> Fund Balances - Governmental Funds …………………………………………………… 24 <br /> Reconciliation of the Statement of Revenues, Expenditures, and <br /> Changes in Fund Balances of Governmental Funds to the <br /> Statement of Activities …………………………………………………………………… 25 <br /> Statement of Revenues, Expenditures, and Changes in <br /> Fund Balance - Budget and Actual - General Fund ……………………………………… 26 <br /> Statement of Net Position - Proprietary Funds ………………….………………………….. 27 <br /> Statement of Revenues, Expenses, and Changes in <br /> Net Position - Proprietary Funds ………..………………………………………………... 29 <br /> Statement of Cash Flows - Proprietary Funds …….………………………………………… 31 <br /> Statement of Fiduciary Net Position - Agency Funds…………………………………….….. 35 <br /> Notes to Financial Statements ………………………………………………………………… 36 <br /> <br /> Required Supplementary Information <br /> Schedule of Proportionate Share of Net Pension Liability - <br /> Elk River Fire Relief Pension Plan ….…………………………………………………… 72 <br /> Schedule of City Contributions - Elk River Fire Relief Pension Plan ..………………………. 73 <br /> Schedule of Funding Progress - Other Post Employment Benefit Plan .. …………………….. 74 <br /> Schedule of City Contributions - PERA ………………………...……………………………. 75 <br /> Schedule of the City’s Proportionate Share of the Net Pension <br /> Liability - PERA …………………………………………………………………………. 76 <br /> <br /> <br /> Combining and Individual Fund Statements and Schedules: <br /> Nonmajor Governmental Funds: <br /> Combining Balance Sheet - Nonmajor Governmental Funds ……………………………… 78 <br /> Combining Statement of Revenues, Expenditures, and Changes <br /> in Fund Balances - Nonmajor Governmental Funds …………………………………….. 81 <br /> <br />