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(Draft January 2002) Key Financial Strategies <br /> For Elk River <br /> <br />Special Revenue Funds <br />Special Revenue funds account for revenue sources earmarked for specific <br />purposes. These funds are important funding sources for the City. The City has <br />the following special revenue funds: <br /> <br />· Library maintenance <br />· Ice arena <br /> Senior citizens special account <br />· Park dedication <br />· Landfill <br />· Landfill construction debris <br />· Revolving loan <br />· DTED grant/loan <br />· Development fund <br />· Capital outlay reserve <br />· Insurance reserve <br />· Government buildings reserve <br />· Street improvement <br /> Drug forfeiture reserve <br />· Severance pay reserve <br />· NSP/RDF reserve <br />· EDA <br /> <br />An examination of revenues for the Special Revenue funds shows several trends: <br /> <br />· Property taxes are a small source of funds. <br />· The Landfill Surcharge is a key source of revenue. <br /> Revenues vary from year to year, but show an overall growth trend. <br /> <br />3,500,000 <br />3,000,000 <br />2,500,000 <br />2,000,000 <br />1,500,000 -- <br />1,000,000 -- <br /> <br /> 500,000 <br /> <br /> 0 <br /> <br />1995 1996 1997 1998 1999 <br /> <br />n Ot~er <br /> <br />· Park dedicalJon <br />· landfill surcharge <br />· Charges <br />[] Intergovernmental[ <br />[m Property tax <br /> <br />Figure 14 - Special Re~,enue Fund Revenues <br /> <br />Page <br /> 31 <br /> <br /> <br />