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<br />I
<br />I CITY OF ELK RIVER, MINNESOTA
<br /> GENERAL FUND
<br />STATEMENT OF REVENUES, EXPENDITURES,
<br /> AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
<br />I YEAR ENDED DECEMBER 31, 2005
<br />I Budget Variance with
<br /> Original Final Actual Final Budget
<br /> REVENUES
<br />I General property taxes $ 5,997,800 $ 5,683,300 $ 5,721,248 $ 37,948
<br />Licenses and permits 871,000 1,188,000 1,240,336 52,336
<br /> Intergovernmental revenue 1,017,750 1,332,250 1,353,246 20,996
<br />I Charges for services 700,850 887,950 994,653 106,703
<br />Fines 154,000 154,000 164,216 10,216
<br />Interest income 45,000 75,000 111,242 36,242
<br /> Miscellaneous revenue 16,200 16,200 25,532 9,332
<br />I Total revenues 8,802,600 9,336,700 9,610,473 273,773
<br /> EXPENDITURES
<br />I Current:
<br />General government 2,141,450 2,160,850 2,055,050 105,800
<br />Public safety 4,311,000 4,391,150 4,451,843 (60,693)
<br /> Public works 1,421,100 1,454,100 1,407,269 46,831
<br />I Culture and recreation 1,205,250 1,224,900 1,284,211 (59,311)
<br />Capital outlay:
<br />General government 20,500 20,500 17,620 2,880
<br /> Public safety 28,600 99,600 85,724 13,876
<br />I Public works 7,500 7,500 8,419 (919)
<br />Culture and recreation 8,000 8,569 (569)
<br /> Total expenditures 9,135,400 9,366,600 9,318,705 47,895
<br />I Revenues over (under) expenditures (332,800) (29,900) 291,768 321,668
<br /> OTHER FINANCING SOURCES (USES)
<br />I Transfers in 481,500 494,000 493,135 (865)
<br />Transfers out (148,700) (158,700) (150,902) 7,798
<br /> Total other financing sources (uses) 332,800 335,300 342,233 6,933
<br />I Net increase in fund balance 305,400 634,001 328,601
<br /> Fund balance - January 1 3,967,380 3,967,380 3,967,380
<br />I Fund balance - December 31 $ 3,967,380 $ 4,272,780 $ 4,601,381 $ 328,601
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<br />I The notes to the financial statements are an integral part of this statement.
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