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<br />162
<br />2015 2016 2017 2018
<br />Revenues
<br />Property taxes 10,953,633$ 11,171,496$ 11,642,778$ 12,214,702$
<br />Sales taxes - - - -
<br />Other taxes 1,513,621 1,552,499 1,543,086 1,591,663
<br />Licenses and permits 639,791 655,607 1,007,543 790,831
<br />Intergovernmental 3,913,721 1,681,666 3,928,374 1,405,931
<br />Charges for services 1,761,958 1,851,408 2,226,936 2,182,917
<br />Fines and forfeitures 169,459 167,526 205,456 157,492
<br />Special assessments 315,259 456,666 241,304 379,054
<br />Investment earnings 512,193 311,469 498,235 430,642
<br />Miscellaneous 2,169,789 1,455,555 2,313,388 2,212,818
<br />Total revenues 21,949,424 19,303,892 23,607,100 21,366,050
<br />Expenditures
<br />General government 3,365,570 3,601,468 3,524,634 3,733,746
<br />Public safety 6,203,211 6,859,139 6,791,738 7,325,724
<br />Public works 2,318,123 1,861,251 1,974,095 1,875,645
<br />Culture and recreation 2,816,411 2,872,281 2,937,333 3,438,103
<br />Economic development 954,673 949,205 1,122,261 964,926
<br />Capital outlay 5,251,352 2,682,358 7,165,286 2,431,103
<br />Debt service
<br />Principal 1,505,000 5,100,000 10,675,000 1,575,000
<br />Interest and fiscal charges 1,113,963 1,148,535 725,732 507,661
<br />Total expenditures 23,528,303 25,074,237 34,916,079 21,851,908
<br />Deficiency of revenues under expenditures (1,578,879) (5,770,345) (11,308,979) (485,858)
<br />Other financing sources (uses)
<br />Bonds issued - - - -
<br />Premium on bonds issued - - - -
<br />Sale of capital assets 3,017,674 80,587 116,012 86,586
<br />Payment to refunding escrow agent - - - -
<br />Lease issuance - - - -
<br />Transfers in 4,703,787 6,524,537 4,275,797 3,354,035
<br />Transfers out (4,406,425) (4,832,400) (2,304,547) (1,290,397)
<br />Total other financing sources (uses)3,315,036 1,772,724 2,087,262 2,150,224
<br />Net change in fund balances 1,736,157$ (3,997,621)$ (9,221,717)$ 1,664,366$
<br />Debt service as a percentage of non capital expenditures 14.3%27.4%38.4%10.4%
<br />Fiscal Year
<br />City of Elk River
<br />Statistical Section (Unaudited)
<br />Changes in Fund Balances of Governmental Funds
<br />Last Ten Fiscal Years
<br />(Modified Accrual Basis of Accounting)
<br />
<br />Page 352 of 637
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