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CITY OF ELK RIVER, MINNESOTA
<br />CHANGES IN NET POSITION
<br />LAST TEN FISCAL YEARS
<br />(accrual basis of accounting)
<br />Net (expense)/revenue
<br />Governmental activities $ (15,360,690) $ (16,384,473) $ (16,630,851) $ (17,049,774)
<br />Business -type activities 1,625,701 1,919,373 2,407,187 3,633,218
<br />Total primary government net (expense)/revenue $ (13,734,989) $ (14,465,100) $ (14,223,664) $ (13,416,556)
<br />Note:
<br />- The City implemented GASB Statement No. 63 and GASB Statement No. 65 in fiscal year 2012. Net position
<br />information has been restated for 2011 for this accounting change. Years prior to 2011 have not been restated.
<br />- The City implemented GASB Statement No. 75 in fiscal year 2018. Net position information has been restated for
<br />2017 for this accounting change. Years prior to 2017 have not been restated.
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<br />Fiscal Year
<br />2009
<br />2010
<br />2011
<br />2012
<br />Expenses
<br />Governmental activities:
<br />General government
<br />$
<br />2,777,568
<br />$
<br />3,028,102
<br />$
<br />3,495,458
<br />$
<br />2,994,342
<br />Public safety
<br />6,106,181
<br />6,011,477
<br />6,238,611
<br />6,187,246
<br />Public works
<br />5,397,058
<br />5,447,282
<br />5,720,759
<br />6,037,000
<br />Culture and recreation
<br />3,767,312
<br />3,702,671
<br />3,851,181
<br />4,013,098
<br />Economic development
<br />1,569,432
<br />1,438,742
<br />1,451,109
<br />1,059,058
<br />Interest and fiscal charges
<br />1,252,493
<br />1,138,414
<br />1,045,905
<br />1,163,352
<br />Total governmental activities expenses
<br />20,870,044
<br />20,766,688
<br />21,803,023
<br />21,454,096
<br />Business -type activities:
<br />Municipal Liquor
<br />5,374,453
<br />5,267,041
<br />5,366,557
<br />5,622,305
<br />Garbage
<br />1,256,177
<br />1,331,514
<br />1,304,238
<br />1,276,887
<br />Sewer
<br />1,781,804
<br />1,962,431
<br />2,130,287
<br />2,239,914
<br />Storm Water
<br />-
<br />-
<br />-
<br />-
<br />Water
<br />2,334,388
<br />2,089,889
<br />2,108,499
<br />2,264,814
<br />Electric
<br />23,258,383
<br />25,452,567
<br />26,726,349
<br />27,586,573
<br />Total business -type activities expenses
<br />34,005,205
<br />36,103,442
<br />37,635,930
<br />38,990,493
<br />Total primary government expenses
<br />$
<br />54,875,249
<br />$
<br />56,870,130
<br />$
<br />59,438,953
<br />$
<br />60,444,589
<br />Program Revenues
<br />Governmental activities:
<br />Charges for services:
<br />General government
<br />$
<br />334,100
<br />$
<br />301,509
<br />$
<br />425,954
<br />$
<br />369,794
<br />Public safety
<br />634,242
<br />722,073
<br />787,884
<br />789,728
<br />Public works
<br />47,860
<br />61,605
<br />79,073
<br />82,173
<br />Culture and recreation
<br />1,074,266
<br />1,089,058
<br />1,102,630
<br />1,128,070
<br />Economic development
<br />60,335
<br />125,759
<br />70,976
<br />8,244
<br />Operating grants and contributions
<br />758,958
<br />763,551
<br />954,831
<br />1,018,519
<br />Capital grants and contributions
<br />2,599,593
<br />1,318,660
<br />1,750,824
<br />1,007,794
<br />Total governmental activities program revenues
<br />5,509,354
<br />4,382,215
<br />5,172,172
<br />4,404,322
<br />Business -type activities:
<br />Charges for services:
<br />Municipal Liquor
<br />6,094,058
<br />5,953,626
<br />6,145,692
<br />6,525,234
<br />Garbage
<br />1,194,937
<br />1,282,013
<br />1,310,014
<br />1,302,920
<br />Sewer
<br />1,504,785
<br />1,483,120
<br />1,491,460
<br />1,533,851
<br />Storm Water
<br />-
<br />-
<br />-
<br />-
<br />Water
<br />2,218,816
<br />1,961,760
<br />1,917,384
<br />2,343,881
<br />Electric
<br />24,258,120
<br />26,840,983
<br />28,657,698
<br />30,403,469
<br />Operating grants and contributions
<br />92,957
<br />103,324
<br />38,550
<br />23,440
<br />Capital grants and contributions
<br />267,233
<br />397,989
<br />482,319
<br />490,916
<br />Total business -type activities program revenues
<br />35,630,906
<br />38,022,815
<br />40,043,117
<br />42,623,711
<br />Total primary government program revenues
<br />$
<br />41,140,260
<br />$
<br />42,405,030
<br />$
<br />45,215,289
<br />$
<br />47,028,033
<br />Net (expense)/revenue
<br />Governmental activities $ (15,360,690) $ (16,384,473) $ (16,630,851) $ (17,049,774)
<br />Business -type activities 1,625,701 1,919,373 2,407,187 3,633,218
<br />Total primary government net (expense)/revenue $ (13,734,989) $ (14,465,100) $ (14,223,664) $ (13,416,556)
<br />Note:
<br />- The City implemented GASB Statement No. 63 and GASB Statement No. 65 in fiscal year 2012. Net position
<br />information has been restated for 2011 for this accounting change. Years prior to 2011 have not been restated.
<br />- The City implemented GASB Statement No. 75 in fiscal year 2018. Net position information has been restated for
<br />2017 for this accounting change. Years prior to 2017 have not been restated.
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