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City of Elk River <br />Schedule of Revenues, Expenditures, and <br />Changes in Fund Balances - <br />Budget and Actual <br />Library Special Revenue Fund <br />Year Ended December 31, 2021 <br />Budgeted Amounts <br />Variance with <br />Actual <br />Final Budget - <br />Original Final <br />Amounts <br />Over (Under) <br />Revenues <br />Property taxes <br />$ 71,500 $ 71,500 <br />$ 71,299 <br />$ (201) <br />Other revenue <br />Investment income <br />7,000 7,000 <br />3,805 <br />(3,195) <br />Total revenues <br />78,500 78,500 <br />75,104 <br />(3,396) <br />Expenditures <br />Current <br />Culture and recreation <br />106,500 <br />106,500 <br />89,769 <br />(16,731) <br />Capital outlay <br />Culture and recreation <br />10,000 <br />10,000 <br />166,118 <br />156,118 <br />Total expenditures <br />116,500 <br />116,500 <br />255,887 <br />139,387 <br />Excess of revenues over <br />(under) expenditures <br />(38,000) <br />(38,000) <br />(180,783) <br />(142,783) <br />Other Financing Sources (Uses) <br />Transfers in <br />28,000 <br />28,000 <br />28,000 <br />- <br />Net change in fund balances <br />$ (10,000) $ <br />(10,000) <br />(152,783) $ <br />(142,783) <br />Fund Balances <br />Beginning of year <br />384,664 <br />End of year <br />$ <br />231,881 <br />128 <br />