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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, 2022
<br />2020A Capital
<br />Government
<br />Sales Tax
<br />Improvement
<br />Building Bonds
<br />Bonds
<br />YMCA Bonds
<br />Bonds
<br />Revenues
<br />Property taxes
<br />$ 597,724
<br />$ -
<br />$ 514,318
<br />$ -
<br />Sales taxes
<br />-
<br />3,862,154
<br />-
<br />-
<br />Special assessments
<br />-
<br />57,588
<br />-
<br />-
<br />Other revenue
<br />Investment income
<br />14,486
<br />86,055
<br />6,783
<br />73
<br />Contributions and donations
<br />-
<br />-
<br />242,813
<br />-
<br />Total revenues
<br />612,210
<br />4,005,797
<br />763,914
<br />73
<br />Expenditures
<br />Debt service
<br />Principal
<br />870,000
<br />845,000
<br />550,000
<br />-
<br />Interest and other charges
<br />168,999
<br />1,073,109
<br />178,800
<br />240,085
<br />Total expenditures
<br />1,038,999
<br />1,918,109
<br />728,800
<br />240,085
<br />Excess of revenues over
<br />(under) expenditures
<br />(426,789)
<br />2,087,688
<br />35,114
<br />(240,012)
<br />Other Financing Sources (Uses)
<br />Transfers in
<br />383,070
<br />-
<br />-
<br />240,084
<br />Net change in fund balances
<br />(43,719)
<br />2,087,688
<br />35,114
<br />72
<br />Fund Balances
<br />Beginning of year
<br />1,269,905
<br />3,436,812
<br />649,361
<br />3,835
<br />End of year
<br />$ 1,226,186
<br />$ 5,524,500
<br />$ 684,475
<br />$ 3,907
<br />138
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