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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2018
<br />NOTE 8: FUND BALANCES
<br />At December 31, 2018, a summary of the governmental fund balance classifications are as follows:
<br />Other
<br />General Pavement Governmental
<br />Fund Management Funds Total
<br />Nonspendable:
<br />Prepaid items $ 124,064 $ - $ 114,976 $ 239,040
<br />Restricted for
<br />Debt service
<br />$
<br />- $ -
<br />$
<br />1,473,230
<br />$
<br />1,473,230
<br />Landfill mitigation
<br />- -
<br />76,896
<br />76,896
<br />Law enforcement
<br />- -
<br />20,742
<br />20,742
<br />Economic development
<br />- -
<br />1,261,146
<br />1,261,146
<br />Park improvements
<br />- -
<br />318,729
<br />318,729
<br />Total restricted
<br />$
<br />- $ -
<br />$
<br />3,150,743
<br />$
<br />3,150,743
<br />Committed to:
<br />Library operations
<br />$
<br />- $ -
<br />$
<br />430,472
<br />$
<br />430,472
<br />Ice arena
<br />- -
<br />613,679
<br />613,679
<br />Golf course
<br />- -
<br />387
<br />387
<br />Landfill mitigation
<br />- -
<br />869,961
<br />869,961
<br />Law enforcement
<br />- -
<br />2,880
<br />2,880
<br />Economic development
<br />- -
<br />5,313,630
<br />5,313,630
<br />Insurance reserve
<br />- -
<br />47,857
<br />47,857
<br />Street improvements
<br />- 4,789,748
<br />-
<br />4,789,748
<br />Total committed
<br />$
<br />- $ 4,789,748
<br />$
<br />7,278,866
<br />$
<br />12,068,614
<br />Assigned to
<br />Capital equipment $ 237,813 $ - $ 1,388,845 $ 1,626,658
<br />Building cons truction/improvements - - 2,396,403 2,396,403
<br />Street improvements - - 717,646 717,646
<br />Other improvement projects - - 6,193,644 6,193,644
<br />Park improvements - - 19,506 19,506
<br />Total assigned $ 237,813 $ - $ 10,716,044 $ 10,953,857
<br />6V
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