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CITY OF ELK RIVER <br />SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - <br />BUDGET AND ACTUAL ECONOMIC DEVELOPMENT AUTHORITY SPECIAL REVENUE FUND <br />YEAR ENDED DECEMBER 31, 2019 <br />Budgeted Amounts <br />Over (Under) <br />Original Final <br />Actual <br />Final Budget <br />REVENUE <br />Property Taxes <br />$ 325,100 $ 325,100 <br />$ 331,581 <br />$ 6,481 <br />Intergovernmental Revenue <br />- - <br />171 <br />171 <br />Charges for Services <br />3,500 3,500 <br />3,500 <br />Investment Earnings <br />4,000 4,000 <br />16,512 <br />12,512 <br />Total Revenue <br />332,600 332,600 <br />351,764 <br />19,164 <br />EXPENDITURES <br />Current: <br />Economic Development 294,600 294,600 249,536 (45,064) <br />EXCESS OF REVENUE OVER EXPENDITURES 38,000 38,000 102,228 64,228 <br />OTHER FINANCE SOURCES (USES) <br />Transfers Out (38,000) (38,000) (38,000) - <br />NET CHANGE IN FUND BALANCES $ - $ - 64,228 $ 64,228 <br />FUND BALANCES <br />Beginning of Year 1,355,305 <br />End of Year $ 1,419,533 <br />(104) <br />