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<br />Special
<br />Revenue
<br />Capital
<br />Projects Debt Service
<br />Total Nonmajor
<br />Governmental
<br />Funds
<br />Revenues
<br />Property taxes 642,028$ 373,878$ 1,507,086$ 2,522,992$
<br />Sales taxes - - 3,266,064 3,266,064
<br />Special assessments - 103,603 1,380 104,983
<br />Intergovernmental 1,471,274 1,903,847 - 3,375,121
<br />Charges for services 1,816,025 74,832 - 1,890,857
<br />Fines and forfeitures 4,489 - - 4,489
<br />Other revenue
<br />Investment income 296,733 740,885 268,513 1,306,131
<br />Contributions and donations 8,400 91,413 243,629 343,442
<br />Refunds and reimbursements 44,449 92,600 - 137,049
<br />Landfill expansion fee - 2,213,448 - 2,213,448
<br />Miscellaneous revenue 62,282 72,988 - 135,270
<br />Total revenues 4,345,680 5,667,494 5,286,672 15,299,846
<br />Expenditures
<br />Current
<br />General government 129,438 289,502 - 418,940
<br />Public safety 7,332 411,800 - 419,132
<br />Public works 26,826 68,516 - 95,342
<br />Culture and recreation 2,002,472 421,127 - 2,423,599
<br />Economic development 494,744 251,809 - 746,553
<br />Capital outlay
<br />General government 535,033 - - 535,033
<br />Public safety - 800,390 - 800,390
<br />Public works - 1,295,631 - 1,295,631
<br />Culture and recreation 32,115 1,552,034 - 1,584,149
<br />Debt service
<br />Principal 7,219 - 2,405,000 2,412,219
<br />Interest and other charges 1,475 89,934 1,577,824 1,669,233
<br />Total expenditures 3,236,654 5,180,743 3,982,824 12,400,221
<br />Excess of revenues over (under)
<br /> expenditures 1,109,026 486,751 1,303,848 2,899,625
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital asset 317,267 66,087 - 383,354
<br />Lease issuance 32,115 - - 32,115
<br />Transfers in 876,569 931,624 395,320 2,203,513
<br />Transfers out (886,538) (2,123,700) - (3,010,238)
<br />Total other financing sources (uses)339,413 (1,125,989) 395,320 (391,256)
<br />Net change in fund balances 1,448,439 (639,238) 1,699,168 2,508,369
<br />Fund Balances
<br />Beginning of year 7,145,404 13,705,319 9,337,777 30,188,500
<br />End of year 8,593,843$ 13,066,081$ 11,036,945$ 32,696,869$
<br />City of Elk River
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2024
<br />Page 317 of 637
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