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<br />City of Elk River
<br />Schedule of Revenues, Expenditures, and
<br />Changes in Fund Balances -
<br />Budget and Actual
<br />Multipurpose Facility Special Revenue Fund
<br />Year Ended December 31, 2024
<br />Original Final Actual Amounts
<br />Revenues
<br />Charges for services 1,876,900$ 1,876,900$ 1,783,693$ (93,207)$
<br />Other revenue
<br />Investment income 2,000 2,000 1,916 (84)
<br />Contributions and donations - - 2,000 2,000
<br />Miscellaneous revenue 16,900 16,900 12,490 (4,410)
<br />Total revenues 1,895,800 1,895,800 1,800,099 (95,701)
<br />Expenditures
<br />Current
<br />Culture and recreation 1,721,750 1,721,750 1,889,279 167,529
<br />Capital outlay
<br />Culture and recreation 113,000 113,000 32,115 (80,885)
<br />Debt service
<br />Principal 7,400 7,400 7,219 (181)
<br />Interest and other charges - - 1,475 1,475
<br />Total expenditures 1,842,150 1,842,150 1,930,088 87,938
<br />Excess of revenues over
<br />(under) expenditures 53,650 53,650 (129,989) (183,639)
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital asset 200 200 - (200)
<br />Lease issuance - - 32,115 32,115
<br />Transfers in - - 405,518 405,518
<br />Total other financing sources (uses)200 200 437,633 437,433
<br />Net change in fund balances 53,850$ 53,850$ 307,644 253,794$
<br />Fund Balances
<br />Beginning of year (207,655)
<br />End of year 99,989$
<br />Budgeted Amounts Variance with
<br />Final Budget -
<br />Over (Under)
<br />
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<br />Page 323 of 637
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