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See notes to basic financial statements. 45
<br />City of Elk River
<br />Statement of Revenues, Expenditures, and
<br />Changes in Fund Balances -
<br />Budget and Actual - General Fund
<br />Year Ended December 31, 2024
<br />Original Final
<br />Revenues
<br />Property taxes 14,917,700$ 14,917,700$ 14,887,537$ (30,163)$
<br />Other taxes 225,000 225,000 168,050 (56,950)
<br />Licenses and permits 1,008,200 1,008,200 768,995 (239,205)
<br />Intergovernmental 659,000 659,000 921,230 262,230
<br />Charges for services 1,185,700 1,185,700 1,308,509 122,809
<br />Fines and forfeitures 150,000 150,000 176,559 26,559
<br />Other revenue
<br />Investment income 150,000 150,000 235,663 85,663
<br />Refunds and reimbursements 145,000 145,000 199,996 54,996
<br />Miscellaneous revenue 35,000 35,000 41,773 6,773
<br />Total revenues 18,475,600 18,475,600 18,708,312 232,712
<br />Expenditures
<br />Current
<br />General government 5,316,650 5,316,650 5,340,356 23,706
<br />Public safety 10,119,500 10,119,500 10,517,190 397,690
<br />Public works 2,878,800 2,878,800 2,373,814 (504,986)
<br />Culture and recreation 2,668,700 2,668,700 2,522,176 (146,524)
<br />Debt service
<br />Principal 91,750 91,750 105,472 13,722
<br />Interest and other charges - - 3,563 3,563
<br />Capital outlay
<br />General government 24,200 24,200 99,914 75,714
<br />Public works - - 41,929 41,929
<br />Culture and recreation - - 33,480 -
<br />Total expenditures 21,099,600 21,099,600 21,037,894 (95,186)
<br />Excess of revenues over
<br /> (under) expenditures (2,624,000) (2,624,000) (2,329,582) 327,898
<br />Other Financing Sources (Uses)
<br />Lease issuance - - 99,914 99,914
<br />Transfers in 3,095,000 3,095,000 2,915,843 (179,157)
<br />Transfers out (471,000) (471,000) (471,000) -
<br />Total other financing sources (uses)2,624,000 2,624,000 2,544,757 (79,243)
<br /> Net change in fund balances -$ -$ 215,175 248,655$
<br />Fund Balances
<br />Beginning of year 9,323,318
<br />End of year 9,538,493$
<br />Budgeted Amounts
<br />Actual Amounts
<br />Variance with
<br />Final Budget -
<br />Over (Under)
<br />Page 235 of 637
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