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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, 2022 <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 />$ 75,950 $ 75,950 <br />$ 75,192 <br />$ (758) <br />Other revenue <br />Investment income <br />7,000 7,000 <br />4,167 <br />(2,833) <br />Total revenues <br />82,950 82,950 <br />79,359 <br />(3,591) <br />Expenditures <br />Current <br />Culture and recreation <br />110,950 <br />110,950 <br />98,037 <br />(12,913) <br />Capital outlay <br />Culture and recreation <br />10,000 <br />10,000 <br />- <br />(10,000) <br />Total expenditures <br />120,950 <br />120,950 <br />98,037 <br />(22,913) <br />Excess of revenues over <br />(under) expenditures <br />(38,000) <br />(38,000) <br />(18,678) <br />19,322 <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 />9,322 $ <br />19,322 <br />Fund Balances <br />Beginning of year <br />231,881 <br />End of year <br />$ <br />241,203 <br />124 <br />