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<br /> I
<br /> CITY OF ELK RIVER, MINNESOTA I
<br />CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
<br /> LAST TEN FISCAL YEARS
<br /> (modified accrual basis of accounting) I
<br /> Fiscal Year I
<br /> 1996 1997 1998 1999
<br />Revenues I
<br />General property taxes $ 3,007,226 $ 3,378,076 $ 3,607,810 $ 3,916,590
<br />Licenses and permits 439,001 492,321 540,826 511,306
<br />Intergovernrnentalrevenue 2,345,844 2,415,613 1,997,619 2,360,153
<br />Charges for services 480,047 877,078 899,788 953,496 I
<br />Fines and forfeits 80,028 84,221 115,753 117,614
<br />Special assessments 2,186,988 1,826,905 1,825,335 2,070,961
<br />Interest 483,433 600,422 577,934 491,608 I
<br />Miscellaneous 1,284,514 1,977,822 1,916,396 2,386,298
<br />Total revenues 10,307,081 11,652,458 11,481,461 12,808,026
<br />Expenditures I
<br />General governrnent 1,032,737 1,091,675 1,155,809 1,185,907
<br />Public safety 2,176,041 2,424,612 2,796,509 2,806,627 I
<br />Public works 829,282 838,555 982,102 980,714
<br />Culture and recreation 575,931 993,794 859,515 903,364
<br />Economic development 146,272 327,158 323,256 264,484
<br />Capital outlay 5,154,440 2,960,116 4,103,775 8,739,415 I
<br />Debt service
<br />Principal 2,141,823 1,891,360 1,403,619 1,611,592
<br />Interest and service charges 885,943 983,485 912,141 930,671 I
<br />Total expenditures 12,942,469 11,510,755 12,536,726 17,422,774
<br />Excess of revenues I
<br />over (under) expenditures (2,635,388) 141,703 (1,055,265) (4,614,748)
<br />Other financing sources (uses) I
<br />Transfers in 2,162,271 2,622,113 1,849,667 1,958,829
<br />Transfers out (1,733,057) (2,166,439) (1,397,565) (979,258)
<br />Proceeds of long-term debt 2,676,750 3,744,168 1,477,424 6,395,045
<br />Payment to refunded bond escrow agent (2,275,493) (1,153,140) I
<br />Discount on long-term debt issued
<br />Sale of capital assets
<br />Total other fmancing sources (uses) 3,105,964 1,924,349 1,929,526 6,221,476 I
<br />Net change in fund balances $ 470,576 $ 2,066,052 $ 874,261 $ 1,606,728
<br />Debt service as a percentage of I
<br />noncapital expenditures I
<br /> I
<br />I Debt service percentages are not available prior to 2003. I
<br /> 81 I
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