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CITY OF ELK RIVER, MINNESOTA <br />COMBINING STATEMENT OF REVENUES, EXPENDITURES, <br />AND CHANGES IN FUND BALANCES <br />NONMAJOR CAPITAL PROJECTS FUNDS <br />FOR THE YEAR ENDED DECEMBER 31, 2018 <br />98 <br />Capital <br />Equipment <br />Park <br />Park <br />Reserve <br />Replacement <br />Dedication <br />Improvements <br />REVENUES <br />Taxes: <br />Property taxes <br />$ - <br />$ 34 <br />$ - <br />$ - <br />Intergovernmental revenue <br />31,838 <br />324,688 <br />- <br />- <br />Charges for services <br />5,000 <br />- <br />223,116 <br />- <br />Special assessments <br />766 <br />- <br />- <br />- <br />Interest income <br />15,398 <br />18,773 <br />5,836 <br />1,643 <br />Miscellaneous revenue: <br />Landfill expansion fee <br />- <br />- <br />- <br />- <br />Contributions <br />116,531 <br />- <br />- <br />66,772 <br />Other <br />- <br />3,800 <br />- <br />- <br />Total revenues <br />169,533 <br />347,295 <br />228,952 <br />68,415 <br />EXPENDITURES <br />Current: <br />General government <br />5,190 <br />- <br />- <br />- <br />Public safety <br />43,747 <br />- <br />- <br />- <br />Public works <br />30,338 <br />- <br />- <br />- <br />Culture and recreation <br />- <br />- <br />- <br />70,774 <br />Economic development <br />- <br />- <br />- <br />- <br />Capital outlay: <br />General government <br />73,231 <br />5,942 <br />- <br />- <br />Public safety <br />11,508 <br />728,767 <br />- <br />- <br />Public works <br />- <br />466,814 <br />- <br />- <br />Culture and recreation <br />- <br />157,148 <br />- <br />408,884 <br />Debt service: <br />Interest and service charges <br />- <br />- <br />24,981 <br />- <br />Total expenditures <br />164,014 <br />1,3581671 <br />24,981 <br />479,658 <br />Excess (deficiency) of revenues <br />over (under) expenditures <br />5,519 <br />(1,011,376) <br />203,971 <br />(411,243) <br />OTHER FINANCING SOURCES (USES) <br />Transfers in <br />- <br />330,000 <br />- <br />197,174 <br />Transfers out <br />(13,600) <br />- <br />- <br />- <br />Sale of capital assets <br />- <br />86,586 <br />- <br />- <br />Total other financing sources (uses) <br />(13,600) <br />416,586 <br />- <br />197,174 <br />Net change in fund balances <br />(8,081) <br />(594,790) <br />203,971 <br />(214,069) <br />Fund balances - January 1 <br />916,550 <br />1,075,166 <br />(488,306) <br />233,575 <br />Fund balances - December 31 <br />$ 908,469 <br />$ 480,376 <br />$ (284,335) <br />$ 19,506 <br />98 <br />