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<br />9
<br />City of Elk River
<br />Financial Analysis
<br />
<br />
<br />General Fund – Revenues and Expenditures
<br />The following table and graph show the overall operations of the General Fund. Revenues have
<br />increased over each of the five years shown from a low of $14,656,694 in 2020 to a high in 2024 of
<br />$18,708,312. Overall, from 2020 to 2024, revenues have increased $4,051,618, or 27.6%. Revenues
<br />increased by $1,220,276 when comparing 2024 to 2023. Similarly, expenditures have increased over
<br />each of the five years presented. In 2024, expenditures were $21,037,894, an increase from the prior
<br />year of $1,255,788. Since 2020, expenditures have increased $5,423,213, or 34.7%.
<br />
<br />$14,656,694 $15,633,492 $16,417,671 $17,488,036 $18,708,312
<br />$15,614,681 $16,829,600 $18,663,781 $19,782,106 $21,037,894
<br />$0
<br />$5,000,000
<br />$10,000,000
<br />$15,000,000
<br />$20,000,000
<br />$25,000,000
<br />2020 2021 2022 2023 2024
<br />Revenues and Expenditures
<br />Total Revenues Total Expenditures
<br />
<br />Page 384 of 637
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