|
CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2017
<br />56
<br />NOTE 8: FUND BALANCES
<br />At December 31, 2017, a summary of the governmental fund balance classifications are as follows:
<br />Other
<br />General YMCA Pavement Governmental
<br />Fund Bonds Management Funds Total
<br />Nonspendable:
<br />Prepaid items 88,038$ -$ -$ -$ 88,038$
<br />Restricted for:
<br />Debt service -$ 529,235$ -$ 1,079,645$ 1,608,880$
<br />Landfill mitigation - -- 215,010 215,010
<br />Economic development - -- 1,147,258 1,147,258
<br />Law enforcement - -- 12,454 12,454
<br />Park improvements - -- 120,594 120,594
<br /> Total restricted -$ 529,235$ -$ 2,574,961$ 3,104,196$
<br />Committed to:
<br />Library operations -$ -$ -$ 437,087$ 437,087$
<br />Landfill mitigation - - - 827,166 827,166
<br />Ice arena - - - 581,670 581,670
<br />Economic development - - - 5,193,050 5,193,050
<br />Law enforcement - - - 2,409 2,409
<br />Insurance reserve - - - 174,709 174,709
<br />Street improvements - - 3,138,557 - 3,138,557
<br /> Total committed -$ -$ 3,138,557$ 7,216,091$ 10,354,648$
<br />Assigned to:
<br />Capital equipment -$ -$ -$ 1,991,716$ 1,991,716$
<br />Building construction/improvements - - - 2,284,977 2,284,977
<br />Street improvements 356,174 - - 827,202 1,183,376
<br />Other improvement projects - - - 5,646,602 5,646,602
<br />Park improvements - - - 233,575 233,575
<br /> Total assigned 356,174$ -$ -$ 10,984,072$ 11,340,246$
|