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CITY OF ELK RIVER, MINNESOTA
<br />SPECIAL REVENUE FUND - LIBRARY MAINTENANCE FUND
<br />SCHEDULE OF REVENUES, EXPENDITURES AND
<br />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 taxe$65,967$(3,033)
<br />s
<br />$ 69,000$ 69,000
<br />Intergovernmental revenu3,0813,081
<br />e
<br /> - -
<br />Charges for service3,150(2,250)
<br />s
<br /> 5,400 5,400
<br />Interest incom14,5729,572
<br />e
<br /> 5,000 5,000
<br />Miscellaneous revenu
<br />e
<br /> Landfill host fe112,47522,475
<br />e
<br /> 90,000 90,000
<br /> Othe375375
<br />r
<br /> - -
<br /> Total revenues199,62030,220
<br /> 169,400 169,400
<br />EXPENDITURES
<br />Culture and recreation:
<br />51,73610,964
<br /> Current
<br /> 62,700 62,700
<br />856,787(796,787)
<br /> Capital outlay
<br /> 60,000 60,000
<br />Debt service:
<br />28,392(28,392)
<br /> Bond issuance costs
<br /> - -
<br /> Total expenditures936,915(814,215)
<br /> 122,700 122,700
<br />Revenues over (under) expenditure(737,295)(783,995)
<br />s
<br /> 46,700 46,700
<br />OTHER FINANCING SOURCES (USES)
<br />Issuance of deb3,220,0003,220,000
<br />t
<br /> - -
<br />Discount on debt issue(29,252)(29,252)
<br />d
<br /> - -
<br /> Total other financing sources (uses)3,190,7483,190,748
<br /> - -
<br />Net increase in fund balanc2,453,453$2,406,753
<br />e
<br />$ 46,700$ 46,700
<br />Fund balance - January 1448,196
<br />Fund balance - December 31$2,901,649
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