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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, 2022
<br />Total
<br />Nonmajor
<br />Special
<br />Governmental
<br />Revenue
<br />Capital Projects
<br />Debt Service
<br />Funds
<br />Revenues
<br />Property taxes
<br />$ 532,776
<br />$ 354,787
<br />$ 1,112,042
<br />$ 1,999,605
<br />Sales taxes
<br />-
<br />-
<br />3,862,154
<br />3,862,154
<br />Special assessments
<br />-
<br />173,284
<br />57,588
<br />230,872
<br />Intergovernmental
<br />665,551
<br />743,998
<br />-
<br />1,409,549
<br />Charges for services
<br />1,187,371
<br />731,761
<br />-
<br />1,919,132
<br />Fines and forfeitures
<br />19,530
<br />-
<br />-
<br />19,530
<br />Other revenue
<br />Investment income
<br />(223,569)
<br />(1,394,288)
<br />108,302
<br />(1,509,555)
<br />Contributions and donations
<br />-
<br />129,724
<br />242,813
<br />372,537
<br />Refunds and reimbursements
<br />50,474
<br />330,791
<br />-
<br />381,265
<br />Landfill expansion fee
<br />-
<br />2,135,716
<br />-
<br />2,135,716
<br />Miscellaneous revenue
<br />39,889
<br />105,067
<br />-
<br />144,956
<br />Total revenues
<br />2,272,022
<br />3,310,840
<br />5,382,899
<br />10,965,761
<br />Expenditures
<br />Current
<br />General government
<br />96,209
<br />78,210
<br />-
<br />174,419
<br />Public safety
<br />24,152
<br />38,218
<br />-
<br />62,370
<br />Public works
<br />36,925
<br />92,545
<br />-
<br />129,470
<br />Culture and recreation
<br />1,681,997
<br />246,431
<br />-
<br />1,928,428
<br />Economic development
<br />350,437
<br />167,254
<br />-
<br />517,691
<br />Capital outlay
<br />General government
<br />-
<br />50,694
<br />-
<br />50,694
<br />Public safety
<br />-
<br />2,447,042
<br />-
<br />2,447,042
<br />Public works
<br />-
<br />2,136,978
<br />-
<br />2,136,978
<br />Culture and recreation
<br />-
<br />963,089
<br />-
<br />963,089
<br />Economic development
<br />1,930,078
<br />-
<br />-
<br />1,930,078
<br />Debt service
<br />Principal
<br />6,790
<br />-
<br />2,265,000
<br />2,271,790
<br />Interest and other charges
<br />590
<br />88,239
<br />1,826,301
<br />1,915,130
<br />Total expenditures
<br />4,127,178
<br />6,308,700
<br />4,091,301
<br />14,527,179
<br />Excess of revenues over
<br />(under) expenditures
<br />(1,855,156)
<br />(2,997,860)
<br />1,291,598
<br />(3,561,418)
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital asset
<br />1,200
<br />107,255
<br />-
<br />108,455
<br />Lease issuance
<br />37,572
<br />-
<br />-
<br />37,572
<br />Transfers in
<br />28,000
<br />802,633
<br />691,832
<br />1,522,465
<br />Transfers out
<br />(53,650)
<br />(741,832)
<br />-
<br />(795,482)
<br />Total other financing sources (uses)
<br />13,122
<br />168,056
<br />691,832
<br />873,010
<br />Net change in fund balances
<br />(1,842,034)
<br />(2,829,804)
<br />1,983,430
<br />(2,688,408)
<br />Fund Balances
<br />Beginning of year
<br />8,511,873
<br />16,078,326
<br />5,456,740
<br />30,046,939
<br />End of year
<br />$ 6,669,839
<br />$ 13,248,522
<br />$ 7,440,170
<br />$ 27,358,531
<br />119
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