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<br />I
<br />I CITY OF ELK RIVER, MINNESOTA
<br /> GENERAL FUND
<br /> STATEMENT OF REVENUES, EXPENDITURES,
<br />I AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
<br /> YEAR ENDED DECEMBER 31, 2004
<br />I Variance with
<br /> Final Budget -
<br /> Budget Positive
<br />I Original Final Actual (Negative)
<br />REVENUES
<br />General property taxes $ 4,807,750 $ 4,807,750 $ 4,823,786 $ 16,036
<br /> Licenses and permits 716,000 1,166,000 1,249,844 83,844
<br />I Intergovernmental revenue 875,150 875,150 933,639 58,489
<br />Charges for services 633,850 813,850 925,390 111,540
<br />Fines 170,000 170,000 153,276 (16,724)
<br /> Interest income 75,000 45,000 55,593 10,593
<br />I Miscellaneous revenue 10,200 15,400 18,892 3,492
<br />Total revenues 7,287,950 7,893,150 8,160,420 267,270
<br />I EXPENDITURES
<br />Current:
<br />General government 1,862,800 1,997,250 1,934,402 62,848
<br /> Public safety 3,708,100 3,829,300 4,001,754 (172,454)
<br />I Public works 1,265,000 1,288,000 1,231,042 56,958
<br />Culture and recreation 947,900 956,500 1,047,724 (91,224)
<br /> Capital outlay:
<br />I Public safety 24,500 24,476 24
<br />Total expenditures 7,783,800 8,095,550 8,239,398 (143,848)
<br />I Revenues over (under) expenditures (495,850) (202,400) (78,978) 123,422
<br /> OTHER FINANCING SOURCES (USES)
<br />I Transfers in 470,450 418,250 420,169 1,919
<br />Transfers out (91,600) (166,600) (105,860) 60,740
<br />Total other financing sources (uses) 378,850 251,650 314,309 62,659
<br />I Net increase in fund balance (117,000) 49,250 235,331 186,081
<br />Fund balance - January 1 3,732,049 3,732,049 3,732,049
<br />I Fund balance - December 31 $ 3,615,049 $ 3,781,299 $ 3,967,380 $ 186,081
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<br />I
<br />I The notes to the [manciaI statements are an integral part of this statement.
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