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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
<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 /> Contrib ions 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 /> EXPEN ITURES
<br /> Current:
<br /> General overnment 3,355,858 - - 168,776 3,524,634
<br /> Public fety 6,723,602 - - 68,136 6,791,738
<br /> Public rks 1,866,693 - - 107,402 1,974,095
<br /> Cultured recreation 1,913,809 - 1,023,524 2,937,333
<br /> Econom'c development - - - 1,108,233 1,108,233
<br /> Capital o tlay:
<br /> General government - - - 117,912 117,912
<br /> Public safety - - - 442,518 442,518
<br /> Public .rks - - 4,361,164 1,373,231 5,734,395
<br /> Culture.nd recreation - - - 762,661 762,661
<br /> Econom'c development - - - 107,800 107,800
<br /> Debt serv'ce:
<br /> Principa - 9,620,000 - 1,055,000 10,675,000
<br /> Interest. d 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(d ficiency)of revenues
<br /> over exp ditures (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 ut (597,347) (1,707,200) (2,304,547)
<br /> Sale of ca ital assets - - - 116,012 116,012
<br /> Total ther financing sources(uses) 1,274,703 - - 812,559 2,087,262
<br /> Net chan in fund balances 539,433 (9,246,547) (673,231) 158,628 (9,221,717)
<br /> Fund balaices-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 /> The not s to the financial statements are an integral part of this statement.
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