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City of Elk River
<br />Nonmajor Debt Service Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2021
<br />2020A Capital 2021A Capital Total Nonmjor
<br />Sales Tax Improvement Improvement Debt Service
<br />Revenues
<br />Property taxes
<br />$ - $
<br />513,054
<br />$ - $
<br />-
<br />$ 513,054
<br />Sales taxes
<br />3,469,146
<br />-
<br />-
<br />-
<br />3,469,146
<br />Special assessments
<br />50,600
<br />-
<br />-
<br />-
<br />50,600
<br />Otherrevenue
<br />Investment income
<br />45,837
<br />62
<br />82
<br />1,421
<br />47,402
<br />Contributions and donations
<br />-
<br />243,113
<br />-
<br />-
<br />243,113
<br />Total revenues
<br />3,565,583
<br />756,229
<br />82
<br />1,421
<br />4,323,315
<br />Expenditures
<br />Debt service
<br />Principal
<br />805,000
<br />540,000
<br />-
<br />-
<br />1,345,000
<br />Interest and other charges
<br />1,112,699
<br />189,700
<br />141,236
<br />361
<br />1,443,996
<br />Total expenditures
<br />1,917,699
<br />729,700
<br />141,236
<br />361
<br />2,788,996
<br />Excess of revenues over
<br />(under) expenditures
<br />1,647,884
<br />26,529
<br />(141,154)
<br />1,060
<br />1,534,319
<br />Other Financing Sources (Uses)
<br />Transfers in
<br />-
<br />-
<br />140,875
<br />95,767
<br />236,642
<br />Net change in fund balances
<br />1,647,884
<br />26,529
<br />(279)
<br />96,827
<br />1,770,961
<br />Fund Balances
<br />Beginning of year
<br />1,788,928
<br />622,832
<br />4,114
<br />-
<br />2,415,874
<br />End of year
<br />$ 3,436,812 $
<br />649,361
<br />$ 3,835 $
<br />96,827
<br />$ 4,186,835
<br />141
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