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City of Elk River
<br />Schedule of Revenues, Expenditures, and
<br />Changes in Fund Balances -
<br />Budget and Actual
<br />Multipurpose Facility Special Revenue Fund
<br />Year Ended December 31, 2021
<br />Budgeted Amounts
<br />Variance with
<br />Actual
<br />Final Budget -
<br />Original
<br />Final
<br />Amounts
<br />Over (Under)
<br />Revenues
<br />Charges for services
<br />$ 1,728,050
<br />$ 1,728,050
<br />$ 1,039,302
<br />$ (688,748)
<br />Otherrevenue
<br />Investment income
<br />6,000
<br />6,000
<br />227
<br />(5,773)
<br />Contributions and donations
<br />-
<br />-
<br />2,755
<br />2,755
<br />Miscellaneous revenue
<br />23,100
<br />23,100
<br />16,361
<br />(6,739)
<br />Total revenues
<br />1,757,150
<br />1,757,150
<br />1,058,645
<br />(698,505)
<br />Expenditures
<br />Current
<br />Culture and recreation
<br />1,199,900
<br />1,199,900
<br />1,235,745
<br />35,845
<br />Capital outlay
<br />Culture and recreation
<br />122,000
<br />122,000
<br />76,330
<br />(45,670)
<br />Total expenditures
<br />1,321,900
<br />1,321,900
<br />1,312,075
<br />(9,825)
<br />Excess of revenues over
<br />(under) expenditures
<br />435,250
<br />435,250
<br />(253,430)
<br />(688,680)
<br />Other Financing Sources (Uses)
<br />Transfers out
<br />(140,000)
<br />(140,000)
<br />-
<br />140,000
<br />Net change in fund balances
<br />$ 295,250
<br />$ 295,250
<br />(253,430) $
<br />(548,680)
<br />Fund Balances
<br />Beginning of year
<br />184,997
<br />End of year
<br />$ (68,433)
<br />129
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