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CITY OF ELK RIVER, MINNESOTA
<br />CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
<br />LAST TEN FISCAL YEARS
<br />(modified accrual basis of accounting)
<br />Fiscal Year
<br />1997199819992000
<br />Revenues
<br />General property taxes3,378,076$ 3,607,810$ 3,916,590$ 4,232,545$
<br />Licenses and permits492,321540,826511,306749,888
<br />Intergovernmental revenue2,415,6131,997,6192,360,1534,969,056
<br />Charges for services877,078899,788953,4961,129,834
<br />Fines and forfeits84,221115,753117,614119,421
<br />Special assessments1,826,9051,825,3352,070,9612,395,473
<br />Interest600,422577,934491,6081,007,444
<br />Miscellaneous1,977,8221,916,3962,386,2983,657,258
<br />Total revenues11,652,45811,481,46112,808,02618,260,919
<br />Expenditures
<br />General government1,091,6751,155,8091,185,9071,337,745
<br />Public safety2,424,6122,796,5092,806,6273,129,669
<br />Public works838,555982,102980,714935,650
<br />Culture and recreation993,794859,515903,3641,102,577
<br />Economic development327,158323,256264,484357,299
<br />Capital outlay2,960,1164,103,7758,739,4158,152,240
<br />Debt service
<br /> Principal1,891,3601,403,6191,611,5921,669,624
<br /> Interest and service charges983,485912,141930,6711,048,545
<br />Total expenditures11,510,75512,536,72617,422,77417,733,349
<br />Excess of revenues
<br /> over (under) expenditures141,703(1,055,265)(4,614,748)527,570
<br />Other financing sources (uses)
<br />Transfers in2,622,113 1,849,667 1,958,829 1,291,949
<br />Transfers out(2,166,439) (1,397,565) (979,258) (830,378)
<br />Proceeds of long-term debt3,744,168 1,477,424 6,395,045 3,647,233
<br />Payment to refunded bond escrow agent(2,275,493) - (1,153,140) (1,554,828)
<br />Discount on long-term debt issued- - - -
<br />Capital leases- - - -
<br />Sale of capital assets- - - -
<br />Total other financing sources (uses)1,924,349 1,929,526 6,221,476 2,553,976
<br />et change in fund balances2,066,052$ 874,261$ 1,606,728$ 3,081,546$
<br />N
<br />Debt service as a percentage of
<br />1
<br /> noncapital expenditures
<br />1
<br /> Debt service percentages are not available prior to 2003.
<br />83
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