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<br />See notes to basic financial statements. 38
<br />Program Revenues
<br />Expenses
<br />Charges for
<br />Services
<br />Operating
<br />Grants and
<br />Contributions
<br />Capital Grants
<br />and
<br />Contributions
<br />Primary government
<br />Governmental activities
<br />General government 5,993,465$ 926,657$ 44,132$ -$
<br />Public safety 12,082,411 1,267,373 1,869,431 -
<br />Public works 6,469,657 88,288 481,359 3,558,952
<br />Culture and recreation 7,261,458 1,745,735 64,572 284,486
<br />Economic development 685,115 121,027 94,063 -
<br />Interest and fiscal charges 1,506,222 - - -
<br />Total governmental activities 33,998,328 4,149,080 2,553,557 3,843,438
<br />Business-type activities
<br />Municipal liquor 7,342,192 7,978,894 - -
<br />Sewer 3,970,547 2,774,077 - 840,480
<br />Garbage 1,702,811 1,920,516 - -
<br />Storm water 980,969 905,891 - -
<br />Electric 42,868,962 45,379,292 - 489,452
<br />Water 3,232,421 3,802,450 - 253,341
<br />Total business-type activities 60,097,902 62,761,120 - 1,583,273
<br />Total primary governmental 94,096,230$ 66,910,200$ 2,553,557$ 5,426,711$
<br />Component Unit
<br />Housing and Redevelopment Authority 286,876$ -$ 236$ -$
<br />General revenues
<br />Property taxes
<br />Franchise and gravel taxes
<br />Sales taxes
<br />Grants and contributions not restricted to specific programs
<br />Unrestricted investment income
<br />Gain on sale of assets
<br />Miscellaneous revenues
<br />Transfers
<br />Total general revenues and transfers
<br />Change in net position
<br />Net position - beginning
<br />Net position - ending
<br />Functions/Programs
<br />City of Elk River
<br />Statement of Activities
<br />Year Ended December 31, 2023
<br />
<br />Page 159 of 464
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