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City of Elk River
<br />Nonmajor Capital Projects Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2022
<br />Total Nonmajor
<br />Capital Projects
<br />TIF Districts
<br />Funds
<br />Revenues
<br />Property taxes
<br />$ 354,758
<br />$ 354,787
<br />Special assessments
<br />-
<br />173,284
<br />Intergovernmental
<br />-
<br />743,998
<br />Charges for services
<br />-
<br />731,761
<br />Other revenue
<br />Investment income
<br />-
<br />(1,394,288)
<br />Contributions and donations
<br />-
<br />129,724
<br />Refunds and reimbursements
<br />-
<br />330,791
<br />Landfill expansion fee
<br />-
<br />2,135,716
<br />Miscellaneous revenue
<br />51,822
<br />105,067
<br />Total revenues
<br />406,580
<br />3,310,840
<br />Expenditures
<br />Current
<br />General government
<br />-
<br />78,210
<br />Public safety
<br />-
<br />38,218
<br />Public works
<br />-
<br />92,545
<br />Culture and recreation
<br />-
<br />246,431
<br />Economic development
<br />167,254
<br />167,254
<br />Capital outlay
<br />General government
<br />-
<br />50,694
<br />Public safety
<br />-
<br />2,447,042
<br />Public works
<br />-
<br />2,136,978
<br />Culture and recreation
<br />-
<br />963,089
<br />Debt service
<br />Interest and other charges
<br />66,727
<br />88,239
<br />Total expenditures
<br />233,981
<br />6,308,700
<br />Excess of revenues over
<br />(under) expenditures
<br />172,599
<br />(2,997,860)
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital asset - 107,255
<br />Transfers in - 802,633
<br />Transfers out - (741,832)
<br />Total other financing sources (uses) - 168,056
<br />Net change in fund balances 172,599 (2,829,804)
<br />Fund balances
<br />Beginning of year (1,623,031) 16,078,326
<br />End of year $ (1,450,432) $ 13,248,522
<br />135
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