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<br />I <br />I <br />I <br />I <br />I <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />SPECIAL REVENUE FUND - ECONOMIC DEVELOPMENT AUTHORITY FUND <br />SCHEDULE OF REVENUES, EXPENDITURES AND <br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL <br />YEAR ENDED DECEMBER 31,2005 <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br /> Budget Variance with <br /> Original Final Actual Final Budget <br />REVENUES <br />General property taxes $ 261,400 $ 261,400 $ 262,876 $ 1,476 <br />Intergovernmental revenue 14,651 14,651 <br />Interest 2,000 2,000 5,491 3,491 <br />Miscellaneous 18,500 18,500 14,652 (3,848) <br />Total revenues 281,900 281,900 297,670 15,770 <br />EXPENDITURES <br />Current: <br />Economic development 224,300 224,300 188,423 35,877 <br />Revenues over expenditures 57,600 57,600 109,247 51,647 <br />OTHER FINANCING SOURCES (USES) <br />Transfers in 16,500 16,500 16,900 400 <br />Transfers out (17,000) (17,000) (17,000) <br />Total other financing sources (uses) (500) (500) (100) 400 <br />Net increase in fund balance $ 57,100 $ 57,100 109,147 $ 52,047 <br />Fund balance - January 1 250,686 <br />Fund balance - December 31 $ 359,833 <br /> <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />70 <br />