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<br />Government
<br />Building Bonds Sales Tax Bonds YMCA Bonds
<br />2020A Capital
<br />Improvement
<br />Bonds
<br />Revenues
<br />Property taxes 747$ -$ 508,834$ 606,602$
<br />Sales taxes - 3,266,064 - -
<br />Special assessments - 1,380 - -
<br />Other revenue
<br />Investment income 21,691 224,048 10,501 7,406
<br />Contributions and donations - - 243,629 -
<br />Total revenues 22,438 3,491,492 762,964 614,008
<br />Expenditures
<br />Debt service
<br />Principal 295,000 935,000 575,000 355,000
<br />Interest and other charges 101,260 985,278 156,328 214,538
<br />Total expenditures 396,260 1,920,278 731,328 569,538
<br />Excess of revenues over
<br /> (under) expenditures (373,822) 1,571,214 31,636 44,470
<br />Other Financing Sources (Uses)
<br />Transfers in 395,320 - - -
<br />Net change in fund balances 21,498 1,571,214 31,636 44,470
<br />Fund Balances
<br />Beginning of year 157,937 7,624,722 726,183 500,800
<br />End of year 179,435$ 9,195,936$ 757,819$ 545,270$
<br />City of Elk River
<br />Nonmajor Debt Service Funds
<br />Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Year Ended December 31, 2024
<br />Page 336 of 637
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