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85 <br />CITY OF ELK RIVER, MINNESOTA <br />SPECIAL REVENUE FUND - LIBRARY FUND <br />SCHEDULE OF REVENUES, EXPENDITURES AND <br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL <br />FOR THE YEAR ENDED DECEMBER 31, 2017 <br />Variance with <br />Original Final Actual Final Budget <br />REVENUES <br />Property taxes 53,650$ 53,650$ 53,443$ (207)$ <br />Interest income 5,500 5,500 8,380 2,880 <br /> Total revenues 59,150 59,150 61,823 2,673 <br />EXPENDITURES <br />Current: <br /> Culture and recreation 87,500 87,500 81,151 6,349 <br />Capital outlay: <br /> Culture and recreation 10,000 10,000 - 10,000 <br /> Total expenditures 97,500 97,500 81,151 16,349 <br />Excess (deficiency) of revenues <br /> over (under) expenditures (38,350) (38,350) (19,328) 19,022 <br />OTHER FINANCING SOURCES <br />Transfers in 28,350 28,350 28,350 - <br />Net change in fund balance (10,000)$ (10,000)$ 9,022 19,022$ <br />Fund balance - January 1 428,065 <br />Fund balance - December 31 437,087$ <br />Budget