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City of Elk River <br />Management's Discussion and Analysis <br />GOVERNMENT -WIDE FINANCIAL ANALYSIS (CONTINUED) <br />Business -type Activities. Business -type activities increased the City's net position by $4,806,363 <br />primarily due to the operating income of the Electric Fund. Elements of the increase are as follows: <br />Expenses and Program Revenues - Business -Type Activities <br />$45,000,000 <br />$40,000,000 <br />$35,000,000 <br />$30,000,000 <br />$25,000,000 <br />$20,000,000 <br />$15,000,000 <br />$10,000,000 <br />$5,000,000 <br />$- <br />Municipal <br />Liquor <br />Sewer <br />Garbage <br />Storm <br />Water <br />Electric <br />Water <br />â– Expenses <br />$7,785,027 <br />$3,759,165 <br />$1,670,454 <br />$663,420 <br />$43,262,804 <br />$3,208,929 <br />0Program revenues <br />8,531,414 <br />6,264,101 <br />1,889,247 <br />1,481,540 <br />45,028,314 <br />5,902,065 <br />Charges for <br />Service <br />85.960, <br />Revenues by Source - Business -Type Activities <br />Earnings <br />-2.71% <br />nts and <br />11.33% <br />