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City of Elk River
<br />Notes to Basic Financial Statements
<br />NOTE 10 — FUND BALANCE
<br />Fund equity balances are classified as follows to reflect the limitations and restrictions of the respective
<br />funds.
<br />Major Funds
<br />Nonmajor
<br />General Pavement
<br />Governmental
<br />Fund Management
<br />Funds
<br />Total
<br />Nonspendable
<br />Prepaid items
<br />$ - $ -
<br />$ 114,967
<br />$ 114,967
<br />Restricted
<br />Park and recreation improvements
<br />- -
<br />1,898,555
<br />1,898,555
<br />Debt service
<br />- -
<br />7,440,170
<br />7,440,170
<br />Fiscal recovery
<br />- -
<br />37,669
<br />37,669
<br />Economic development
<br />- -
<br />1,538,419
<br />1,538,419
<br />Law enforcement
<br />- -
<br />36,311
<br />36,311
<br />Capital projects
<br />- -
<br />1,197,966
<br />1,197,966
<br />Total restricted
<br />- -
<br />12,149,090
<br />12,149,090
<br />Committed
<br />Capital projects
<br />- -
<br />99,328
<br />99,328
<br />Street improvements
<br />- 6,274,764
<br />-
<br />6,274,764
<br />Library operations
<br />- -
<br />241,203
<br />241,203
<br />Economic development
<br />- -
<br />2,968,143
<br />2,968,143
<br />Total committed
<br />- 6,274,764
<br />3,308,674
<br />9,583,438
<br />Assigned
<br />Building construction/improvements
<br />- - 4,511,063
<br />4,511,063
<br />Landfill mitigation
<br />- - 881,869
<br />881,869
<br />Law enforcement
<br />- - 6,642
<br />6,642
<br />Economic development
<br />- - 673,007
<br />673,007
<br />Capital equipment
<br />- - 3,260,896
<br />3,260,896
<br />Street improvements
<br />- - 478,211
<br />478,211
<br />Other improvement projects
<br />- - 3,065,393
<br />3,065,393
<br />Park improvements
<br />- - 187,542
<br />187,542
<br />Total assigned
<br />- - 13,064,623
<br />13,064,623
<br />Unassigned
<br />8,888,888 - (1,278,823)
<br />7,610,065
<br />Total fund balances
<br />$ 8,888,888 $ 6,274,764 $ 27,358,531
<br />$ 42,522,183
<br />76
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