|
<br />See notes to basic financial statements. 45
<br />City of Elk River
<br />Statement of Revenues, Expenditures, and
<br />Changes in Fund Balances -
<br />Budget and Actual - General Fund
<br />Year Ended December 31, 2023
<br />Original Final
<br />Revenues
<br />Property taxes 13,893,000$ 13,893,000$ 13,785,282$ (107,718)$
<br />Other taxes 225,000 225,000 156,365 (68,635)
<br />Licenses and permits 1,004,300 1,004,300 976,260 (28,040)
<br />Intergovernmental 634,000 634,000 706,917 72,917
<br />Charges for services 1,163,700 1,163,700 1,247,308 83,608
<br />Fines and forfeitures 130,000 130,000 169,910 39,910
<br />Other revenue
<br />Investment income 120,000 120,000 202,618 82,618
<br />Refunds and reimbursements 125,000 125,000 188,548 63,548
<br />Miscellaneous revenue 30,000 30,000 54,828 24,828
<br />Total revenues 17,325,000 17,325,000 17,488,036 163,036
<br />Expenditures
<br />Current
<br />General government 4,907,100 4,907,100 4,908,703 1,603
<br />Public safety 9,857,300 9,857,300 9,696,200 (161,100)
<br />Public works 2,622,500 2,622,500 2,630,313 7,813
<br />Culture and recreation 2,666,600 2,666,600 2,432,803 (233,797)
<br />Debt service
<br />Principal - - 105,484 105,484
<br />Interest and other charges - - 4,773 4,773
<br />Capital outlay
<br />Public safety - - 3,830 3,830
<br />Total expenditures 20,053,500 20,053,500 19,782,106 (271,394)
<br />Excess of revenues over
<br /> (under) expenditures (2,728,500) (2,728,500) (2,294,070) 434,430
<br />Other Financing Sources (Uses)
<br />Transfers in 3,165,000 3,165,000 3,165,000 -
<br />Transfers out (436,500) (436,500) (436,500) -
<br />Total other financing sources (uses) 2,728,500 2,728,500 2,728,500 -
<br /> Net change in fund balances -$ -$ 434,430 434,430$
<br />Fund Balances
<br />Beginning of year 8,888,888
<br />End of year 9,323,318$
<br />Budgeted Amounts Actual
<br />Amounts
<br />Variance with
<br />Final Budget -
<br />Over (Under)
<br />
<br />Page 166 of 464
|