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City of Elk River
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2021
<br />Total Nonmajor
<br />Special
<br />Governmental
<br />Revenue
<br />Capital Projects
<br />Debt Service
<br />Funds
<br />Revenues
<br />Property taxes
<br />$ 531,881
<br />$ 326,467
<br />$ 513,054
<br />$ 1,371,402
<br />Sales taxes
<br />-
<br />-
<br />3,469,146
<br />3,469,146
<br />Special assessments
<br />-
<br />288,678
<br />50,600
<br />339,278
<br />Intergovernmental
<br />24,020
<br />942,586
<br />-
<br />966,606
<br />Charges for services
<br />1,064,703
<br />433,285
<br />-
<br />1,497,988
<br />Fines and forfeitures
<br />33,917
<br />-
<br />-
<br />33,917
<br />Otherrevenue
<br />Investment income
<br />(29,287)
<br />(151,517)
<br />47,402
<br />(133,402)
<br />Contributions and donations
<br />5,250
<br />239,211
<br />243,113
<br />487,574
<br />Refunds and reimbursements
<br />84,130
<br />115,548
<br />-
<br />199,678
<br />Landfill expansion fee
<br />-
<br />2,179,035
<br />-
<br />2,179,035
<br />Miscellaneous revenue
<br />47,916
<br />185,689
<br />-
<br />233,605
<br />Total revenues
<br />1,762,530
<br />4,558,982
<br />4,323,315
<br />10,644,827
<br />Expenditures
<br />Current
<br />General government
<br />62,857
<br />202,621
<br />-
<br />265,478
<br />Public safety
<br />21,729
<br />27,224
<br />-
<br />48,953
<br />Public works
<br />59,266
<br />33,512
<br />-
<br />92,778
<br />Culture and recreation
<br />1,325,514
<br />541,633
<br />-
<br />1,867,147
<br />Economic development
<br />454,657
<br />-
<br />-
<br />454,657
<br />Capital outlay
<br />General government
<br />-
<br />744,602
<br />-
<br />744,602
<br />Public safety
<br />-
<br />1,842,986
<br />-
<br />1,842,986
<br />Public works
<br />-
<br />2,655,896
<br />-
<br />2,655,896
<br />Culture and recreation
<br />242,448
<br />115,510
<br />-
<br />357,958
<br />Debt service
<br />Principal
<br />-
<br />-
<br />1,345,000
<br />1,345,000
<br />Interest and other charges
<br />-
<br />72,318
<br />1,443,996
<br />1,516,314
<br />Total expenditures
<br />2,166,471
<br />6,236,302
<br />2,788,996
<br />11,191,769
<br />Excess of revenues over
<br />(under) expenditures
<br />(403,941)
<br />(1,677,320)
<br />1,534,319
<br />(546,942)
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital asset
<br />-
<br />1,053,072
<br />-
<br />1,053,072
<br />Transfers in
<br />28,000
<br />1,159,719
<br />236,642
<br />1,424,361
<br />Transfers out
<br />(51,600)
<br />(605,239)
<br />-
<br />(656,839)
<br />Total other financing sources (uses)
<br />(23,600)
<br />1,607,552
<br />236,642
<br />1,820,594
<br />Net change in fund balances
<br />(427,541)
<br />(69,768)
<br />1,770,961
<br />1,273,652
<br />Fund Balances
<br />Beginning of year
<br />8,939,414
<br />10,972,568
<br />2,415,874
<br />22,327,856
<br />End of year
<br />$ 8,511,873
<br />$ 10,902,800
<br />$ 4,186,835
<br />$ 23,601,508
<br />121
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