|
<br /> 79
<br />City of Elk River
<br />Notes to Basic Financial Statements
<br />
<br />
<br />NOTE 10 – FUND BALANCE
<br />
<br />Fund equity balances are classified as follows to reflect the limitations and restrictions of the
<br />respective funds.
<br />
<br />Nonmajor
<br />General Pavement Governmental
<br />Fund Management Funds Total
<br />Nonspendable
<br />Prepaid items 92,196$ -$ 114,671$ 206,867$
<br />Restricted
<br />Park and recreation improvements - - 945,809 945,809
<br />Debt service - - 11,036,945 11,036,945
<br />Landfill mitigation - - 978,207 978,207
<br />Law enforcement - - 3,871 3,871
<br />Fiscal recovery - - 214,490 214,490
<br />Economic development - - 2,349,561 2,349,561
<br />Capital projects - - 1,272,089 1,272,089
<br />Total restricted - - 16,800,972 16,800,972
<br />Committed
<br />Capital projects - - 99,367 99,367
<br />Street improvements - 5,513,936 - 5,513,936
<br />Library operations - - 225,422 225,422
<br />Multipurpose facility operations - - 99,989 99,989
<br />Economic development - - 4,227,535 4,227,535
<br />Total committed - 5,513,936 4,652,313 10,166,249
<br />Assigned
<br />Building construction/improvements - - 6,245,313 6,245,313
<br />Economic development - - 631,923 631,923
<br />Capital equipment - - 3,959,478 3,959,478
<br />Street improvements - - 436,554 436,554
<br />Other improvement projects - - 1,340,151 1,340,151
<br />Park improvements - - 330,421 330,421
<br />Total assigned - - 12,943,840 12,943,840
<br />Unassigned 9,446,297 - (1,814,927) 7,631,370
<br />Total fund balances 9,538,493$ 5,513,936$ 32,696,869$ 47,749,298$
<br />Major Funds
<br />
<br />
<br />Page 269 of 637
|