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Note 4:
<br />Note 5:
<br />CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2000
<br />RECEIVABLES - CONTINUED
<br />Due To/From Other Funds
<br />The Capital Projects and Trunk Utilities Expansion Capital Projects Funds were used to provide the
<br />interim financing for Special Revenue and Capital Projects Funds, As permanent financing sources for
<br />these funds are obtained, the balances advanced from the Capital Projects and Trunk Utilities
<br />Expansion Funds will be repaid. Advances totaled $1,964,135 at year end.
<br />The Utilities Commission is responsible for the billing and collection of garbage and sewer fees
<br />collected through the Electric Enterprise Fund and transferred monthly to the City's Garbage Collection
<br />and Sewage Disposal Enterprise Funds. The interfund balances at year end are $49,751 and $77,809,
<br />respectively.
<br />Additional interfund receivables and payables result from the reimbursement of expenditures incurred in
<br />other funds. The expenditures to be reimbursed at year end totaled $318,370. The detailed schedule
<br />of interfund receivables and payables by fund are summarized in Note 14.
<br />Due From Other Governments
<br /> � ........ .....
<br />Amounts due from other governmental units as of December 31, 2000 include the following:
<br />General Fund -
<br />State Grant - Safe/Sober
<br />$ 2,904
<br />County Reimbursements
<br />23,752
<br />School District Reimbursements
<br />8,443
<br />Special Revenue Funds -
<br />178,084
<br />Ice Arena - Various
<br />38,012
<br />Capital Outlay Reserve - County Reimbursement
<br />205
<br />Capital Projects Funds -
<br />17,621
<br />East Hwy 10 Improvements - MSA Reimbursement
<br />5 2
<br />........... i. -U301
<br />—
<br />Total All Funds
<br />$605,617
<br />FIXED ASSETS
<br />The following is a summary of changes in the general fixed assets account group during the year:
<br />Balance Balance
<br />4-qm4ry 1 Additions Dispositions December 31
<br />December . ...... . ... . ....
<br />Land
<br />$ 3,651,690
<br />$1,058,200
<br />$ 496,345
<br />$4,213,545
<br />Buildings and structures
<br />8,643,147
<br />178,084
<br />672,473
<br />8,148,758
<br />Other improvements
<br />851,985
<br />612,803
<br />17,621
<br />1,447,167
<br />Furniture and equipment
<br />4,515,390
<br />1,155,033
<br />1,068060
<br />4,602,363
<br />Total general fixed assets $17,6612,212 $3,0110411,1121P $2,254,499 $18,411,833
<br />W
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