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CITY OF ELK RIVER, MINNESOTA
<br />GENERAL FUND
<br />STATEMENT OF REVENUES, EXPENDITURES,
<br />AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
<br />YEAR ENDED DECEMBER 31, 2006
<br />Budget
<br />Variancewith
<br />OriginalFinalActualFinal Budget
<br />REVENUES
<br />General property taxes$ 7,220,500$ 6,897,500$ 6,903,177$ 5,677
<br />Licenses and permits 870,700 1,170,700 1,207,368 36,668
<br />Intergovernmental revenue 998,650 1,321,650 1,379,289 57,639
<br />Charges for services 710,350 763,350 845,305 81,955
<br />Fines 159,500 159,500 150,401 (9,099)
<br />Interest income 50,000 160,000 217,751 57,751
<br />Miscellaneous revenue
<br /> Refunds and reimbursements 25,500 25,500 53,033 27,533
<br /> Other 6,700 6,700 4,519 (2,181)
<br /> Total revenues 10,041,900 10,504,900 10,760,843 255,943
<br />EXPENDITURES
<br />Current:
<br /> General government 2,506,750 2,473,150 2,173,614 299,536
<br /> Public safety 4,753,500 4,824,150 4,873,270 (49,120)
<br /> Public works 1,536,550 1,531,350 1,505,213 26,137
<br /> Culture and recreation 1,269,750 1,269,750 1,340,026 (70,276)
<br />Capital outlay:
<br /> General government 50,550 60,150 53,636 6,514
<br /> Public safety 201,700 233,400 240,172 (6,772)
<br /> Public works 107,000 87,200 78,687 8,513
<br /> Culture and recreation 25,600 25,600 25,388 212
<br /> Total expenditures 10,451,400 10,504,750 10,290,006 214,744
<br />Revenues over (under) expenditures (409,500) 150 470,837 470,687
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in 554,650 509,650 432,686 (76,964)
<br />Transfers out (145,150) (170,150) (688,518) (518,368)
<br /> Total other financing sources (uses) 409,500 339,500 (255,832) (595,332)
<br />Net increase in fund balance - 339,650 215,005 (124,645)
<br />Fund balance - January 1 4,601,381 4,601,381 4,601,381 -
<br />Fund balance - December 31$4,601,381$4,941,031$ 4,816,386$(124,645)
<br />The notes to the financial statements are an integral part of this statement.
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