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<br />11
<br />City of Elk River
<br />Financial Analysis
<br />
<br />
<br />General Fund – Expenditures
<br />The graph below represents the breakdown of expenditures by department. Public safety continues
<br />to comprise the largest portion of General Fund expenditures, representing 50.0%. Overall, General
<br />Fund expenditures increased $1,255,788, or 6.3%, from 2023.
<br />
<br />Public safety expenditures increased $820,990 with higher salaries and benefits. General government
<br />expenditures increased $431,653 with increased wages for employees and greater professional
<br />service expenditures. Public works expenditures decreased $256,499 with lower salaries and benefits
<br />due to staffing vacancies along with less costs for supplies and equipment repair and maintenance.
<br />
<br />2020 2021 2022 2023 2024
<br />Capital Outlay -37,718 257,243 3,830 175,323
<br />Debt Service --106,845 110,257 109,035
<br />Culture and Recreation 1,941,732 2,015,790 2,398,314 2,432,803 2,522,176
<br />Public Works 2,132,913 2,328,853 2,399,494 2,630,313 2,373,814
<br />General Government 4,036,523 4,173,627 4,463,622 4,908,703 5,340,356
<br />Public Safety 7,503,513 8,273,612 9,038,263 9,696,200 10,517,190
<br /> $-
<br /> $5,000,000
<br /> $10,000,000
<br /> $15,000,000
<br /> $20,000,000
<br /> $25,000,000
<br />General Fund Expenditures
<br />
<br />Page 386 of 637
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