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CITY OF ELK RIVER,MINNESOTA
<br /> GENERAL FUND
<br /> STATEMENT OF REVENUES,EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL
<br /> FOR THE YEAR ENDED DECEMBER 31,2017
<br /> Budget Variance with
<br /> Original Final Actual Final Budget
<br /> REVS S
<br /> Taxes:
<br /> Prope taxes $ 9,969,250 $ 9,969,250 $ 9,943,268 $ (25,982)
<br /> Other axes 140,000 140,000 144,132 4,132
<br /> Licens and permits 714,950 714,950 1,007,543 292,593
<br /> Intergo ernmental revenue 293,500 509,500 546,362 36,862
<br /> Charge forservices 916,150 916,150 1,033,053 116,903
<br /> Fines aid forfeits 155,000 155,000 178,671 23,671
<br /> Interest income 90,000 90,000 120,645 30,645
<br /> Miscellaneous revenue:
<br /> Refunds and reimbursements 101,000 101,000 130,003 29,003
<br /> Contributions 20,000 20,000 16,000 (4,000)
<br /> Other 6,500 6,500 5,015 (1,485)
<br /> Total revenues 12,406,350 12,622,350 13,124,692 502,342
<br /> EXPENDITURES
<br /> Current:
<br /> General government 3,463,450 3,463,450 3,355,858 107,592
<br /> Public safety 6,729,050 6,945,050 6,723,602 221,448
<br /> Public works 1,917,800 1,917,800 1,866,693 51,107
<br /> Culture and recreation 1,978,650 1,978,650 1,913,809 64,841
<br /> Total expenditures 14,088,950 - 14,304,950 13,859,962 444,988
<br /> Deficieicy of revenues under expenditures (1,682,600) (1,682,600) (735,270) 947,330
<br /> OTHEItt FINANCING SOURCES(USES)
<br /> Transfers in 1,972,050 1,972,050 1,872,050 (100,000)
<br /> Transfe s out (289,450) (289,450) (597,347) (307,897)
<br /> Total ther financing sources(uses) 1,682,600 1,682,600 1,274,703 (407,897)
<br /> Net ch ge in fund balance - - 539,433 539,433
<br /> Fund balance-January 1 6,758,077 6,758,077 6,758,077 -
<br /> Fund balance-December 31 $ 6,758,077 $ 6,758,077 $ 7,297,510 $ 539,433
<br /> The no yes to the financial statements are an integral part of this statement.
<br /> III-14
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