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<br />17 <br />City of Elk River <br />Financial Analysis <br /> <br /> <br />Garbage Fund <br /> <br />2020 2021 2022 2023 2024 <br />Cash and Investments $442,825 $528,325 $610,952 $802,786 $999,419 <br />Unrestricted Net Position 438,738 531,665 620,506 812,632 1,011,564 <br /> $- <br /> $200,000 <br /> $400,000 <br /> $600,000 <br /> $800,000 <br /> $1,000,000 <br /> $1,200,000 <br />Garbage Fund <br /> <br /> <br />The graph above shows the cash and investment and unrestricted net position balances as of <br />December 31 for the last five years. The Garbage Fund cash and investment balance has increased <br />$556,594 since 2020. In 2024, the Garbage Fund cash and investment balance increased $196,633 <br />while the unrestricted net position increased $198,932 based on positive operations during the year. <br />Both balances for cash and investments and unrestricted net position were the highest in 2024 of the <br />five years presented. <br /> <br /> <br />Page 392 of 637