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<br /> 79
<br />City of Elk River
<br />Notes to Basic Financial Statements
<br />
<br />
<br />NOTE 10 – FUND BALANCE
<br />
<br />Fund equity balances are classified as follows to reflect the limitations and restrictions of the
<br />respective funds.
<br />Nonmajor
<br />General Pavement Governmental
<br />Fund Management Funds Total
<br />Nonspendable
<br />Prepaid items 82,513$ -$ 131,738$ 214,251$
<br />Restricted
<br />Park and recreation improvements - - 1,773,916 1,773,916
<br />Debt service - - 9,337,777 9,337,777
<br />Landfill mitigation - - 935,949 935,949
<br />Law enforcement - - 6,459 6,459
<br />Fiscal recovery - - 147,725 147,725
<br />Economic development - - 1,668,171 1,668,171
<br />Public safety - - 1,145,601 1,145,601
<br />Capital projects - - 902,987 902,987
<br />Total restricted - - 15,918,585 15,918,585
<br />Committed
<br />Capital projects - - 99,206 99,206
<br />Street improvements - 3,273,427 - 3,273,427
<br />Library operations - - 226,186 226,186
<br />Economic development - - 3,692,542 3,692,542
<br />Total committed - 3,273,427 4,017,934 7,291,361
<br />Assigned
<br />Building construction/improvements - - 4,757,755 4,757,755
<br />Economic development - - 728,192 728,192
<br />Capital equipment - - 3,264,650 3,264,650
<br />Street improvements - - 496,997 496,997
<br />Other improvement projects - - 2,208,428 2,208,428
<br />Park improvements - - 308,137 308,137
<br />Total assigned - - 11,764,159 11,764,159
<br />Unassigned 9,240,805 - (1,643,916) 7,596,889
<br />Total fund balances 9,323,318$ 3,273,427$ 30,188,500$ 42,785,245$
<br />Major Funds
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