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i~ <br /> CiCY OF ELK R[VER, MINNESOTA <br /> CHANGES IN NET ASSETS <br /> LAST FIVE FISCAL YEARS <br /> (accrual basis of accounting) <br /> <br /> Fiscal Year <br /> 2003 2004 2005 2006 2007 <br />F,zpenses <br />Governmental activities: <br />General government $ 3,290,711 $ 2,440,200 $ 2,503,826 $ 2,560,213 $ 2,732,697 <br />Public safety 4,229,1D9 4,988,424 5,255,974 5,606,438 5,924,093 <br /> <br />Public works <br />3,737,678 <br />4,277,07] <br />4,281,725 <br />6,169,030 <br />6,527,565 ' <br />Cultme and recreation 1,747,322 2,058,882 2,535,955 2,859,058 3,598,695 <br />Economic development 549,149 912,698 938,]64 631,437 1,001,829 <br />Interest on long-term debt 1,050,823 936,Si5 881,D01 764,725 952,082 <br /> <br />Tota] govemmentat activities expenses <br />10.,604,792 <br />15 613,790 <br />16396,645 <br />18,590,901 <br />20,736,96] , <br />Business-type ac[ivities~ <br />Municipal Liquor 3,621,087 3,760,]56 4,344,915 5,202,500 5,302,012 <br /> <br />Garbage <br />884,532 <br />953,432 <br />1,047,479 <br />1,094,788 <br />1,I 14,133 ' <br />Sewer ],406,713 1,464,409 1,629,353 1,724,147 1,788,890 <br />Water 1,773,217 1,809,128 2.099,428 2,112,477 2,344,158 <br />Electric 11,929,596 13,338,580 14,88D 337 ]6,081,812 18,574,266 <br />Tota]business-type activities expenses 19,555,145 21,325,705 24,D01,512 26,2]5,724 29,123,459 <br />Total primary government expenses $ 34,]59,937 $ 36,939,495 $ 40,398,157 $ 44,806,625 $ 49,860,420 <br />Program Revenues <br /> <br />Govemmental activities: ' <br />Charges for services: <br />General government $ 194,246 $ 308,78( $ 288,032 S 246,541 $ 283,OD3 <br />Pubtic safety 1,897,883 1,956,967 2,050,437 2,403,601 1,533,699 , <br />Public works 148,904 226,907 28D,533 6]7,099 76,117 <br />Culture and recreation 729,932 812,401 877,789 1,065,218 1,083,081 <br />Economic development 71,379 96,396 379,002 178,217 92,486 <br /> <br />Operating grants and contributions <br />487,560 <br />427,513 <br />480,649 <br />387,584 <br />362,313 ' <br />Capital grants and contributions 6,064,49] 11,879,536 7,573,752 8.117,032 4,174,427 <br />l otal governmental activities program revenues 9,594,395 ]5,708,501 11,930,244 13,015,292 7,6D5,126 <br />Business-type activities: ' <br />Charges for services: <br />Municipal Liquor 4,156,276 4,345,702 4,806,06E 5,906,768 6,043,088 <br />Garbage 820,278 973,176 ],D55,753 1,106,268 1,139,763 <br /> <br />Sewer <br />1,808,817 <br />2,365,262 <br />1,261,853 <br />1,352,647 <br />1,454,2]9 , <br />Water 1,807,334 2,095,018 1,365,136 ],770,819 2,144,622 <br />Electric 13,774,777 14,765,479 15,955,440 17,!43,485 ]9,895,323 <br />Operating grants and contributions <br />Capital grants and contributions 10,530 <br />1,053,994 8,615 <br />3,028,454 9,255 <br />3,654,383 504,168 <br />4,297,666 295,OR t <br />L,996.636 ' <br />Tom] business-type activities program revenues 23,432,D06 27,58],706 28,107,881 32,081,821 32,968,732 <br />Total primary government program revenues $ 33,026,401 $ 43.290,207 $ 40,03 ft,125 $ 45,097,113 $ 40,573,858 <br />Ne[ (expense)/revenue ' <br />Governmentat activities $ (S,OIQ397) $ 94,7]1 $ (4,466,40]) $ (5,575,609) $(13,131,835) <br />Business-type activities 3,876,861 6,256,001 4,1D6,369 5,866,097 3,845,273 <br />Total primary government net expense $ (I, 133,536) $ 6,35Q7(2 $ (360,032) $ 29D.488 $ (9,286,562) <br /> ' <br /> <br /> <br />79 , <br />