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<br />See notes to basic financial statements. 38
<br />Program Revenues
<br />Expenses
<br />Charges for
<br />Services
<br />Operating
<br />Grants and
<br />Contributions
<br />Capital Grants
<br />and
<br />Contributions
<br />Primary government
<br />Governmental activities
<br />General government 5,953,862$ 914,113$ 26,250$ -$
<br />Public safety 12,218,927 1,134,021 957,319 -
<br />Public works 6,642,111 68,919 520,589 5,612,975
<br />Culture and recreation 6,795,621 2,062,960 61,605 3,066
<br />Economic development 755,488 24,848 100,463 -
<br />Interest on long-term debt 1,312,176 - - -
<br /> Total governmental activities 33,678,185 4,204,861 1,666,226 5,616,041
<br />Business-type activities
<br />Municipal liquor 7,852,021 8,631,336 - -
<br />Sewer 4,529,248 2,961,773 - 1,188,578
<br />Garbage 1,738,242 1,964,435 - -
<br />Storm water 546,318 674,854 - -
<br />Electric 40,780,800 44,100,902 - 690,934
<br />Water 3,608,583 3,336,129 - 499,908
<br />Total business-type activities 59,055,212 61,669,429 - 2,379,420
<br /> Total primary governmental 92,733,397$ 65,874,290$ 1,666,226$ 7,995,461$
<br />Component unit
<br />Housing and redevelopment authority 216,910$ 5,945$ 215$ -$
<br />General revenues
<br />Property taxes
<br />Franchise and gravel taxes
<br />Sales taxes
<br />Grants and contributions not restricted to specific programs
<br />Unrestricted investment income
<br />Gain on sale of assets
<br />Miscellaneous revenues
<br />Transfers
<br />Total general revenues and transfers
<br />Change in net position
<br />Net position - beginning
<br />Net position - ending
<br />Functions/Programs
<br />City of Elk River
<br />Statement of Activities
<br />Year Ended December 31, 2024
<br />
<br />Page 228 of 637
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