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City of Elk River
<br />Nonmajor Special Revenue Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2022
<br />Multipurpose
<br />Revolving
<br />Library
<br />Facility
<br />Landfill
<br />Loan
<br />Revenues
<br />Property taxes
<br />$ 75,192-
<br />Intergovernmental
<br />-
<br />655,000
<br />10,341
<br />-
<br />Charges for services
<br />-
<br />1,170,836
<br />13,035
<br />-
<br />Fines and forfeitures
<br />-
<br />-
<br />-
<br />Other revenue
<br />Investment income
<br />4,167
<br />1,799
<br />(108,491)
<br />(104,322)
<br />Refunds and reimbursements
<br />-
<br />-
<br />-
<br />-
<br />Miscellaneous revenue
<br />-
<br />27,335
<br />-
<br />51796
<br />Total revenues
<br />79,359
<br />1,854,970
<br />(85,115)
<br />(98,526)
<br />Expenditures
<br />Current
<br />General government
<br />-
<br />-
<br />-
<br />-
<br />Public safety
<br />-
<br />-
<br />-
<br />-
<br />Public works
<br />-
<br />-
<br />36,925
<br />-
<br />Culture and recreation
<br />98,037
<br />1,583,960
<br />-
<br />-
<br />Economic development
<br />-
<br />-
<br />-
<br />645
<br />Capital outlay
<br />Economic development
<br />-
<br />-
<br />-
<br />-
<br />Debt service
<br />Principal
<br />-
<br />6,790
<br />-
<br />-
<br />Interest and other charges
<br />-
<br />590
<br />-
<br />-
<br />Total expenditures
<br />98,037
<br />1,591,340
<br />36,925
<br />645
<br />Excess of revenues over
<br />(under) expenditures
<br />(18,678)
<br />263,630
<br />(122,040)
<br />(99,171)
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital asset
<br />-
<br />1,200
<br />-
<br />-
<br />Lease issuance
<br />-
<br />37,572
<br />-
<br />-
<br />Transfers in
<br />28,000
<br />-
<br />-
<br />-
<br />Transfers out
<br />-
<br />-
<br />-
<br />-
<br />Total other financing sources (uses)
<br />28,000
<br />38,772
<br />-
<br />-
<br />Net change in fund balances
<br />9,322
<br />302,402
<br />(122,040)
<br />(99,171)
<br />Fund Balances
<br />Beginning of year
<br />231,881
<br />(68,433)
<br />1,003,909
<br />1,169,857
<br />End of year
<br />$ 241,203
<br />$ 233,969
<br />$ 881,869
<br />$ 1,070,686
<br />122
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