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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2000
<br />Note 12: VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION - CONTINUED
<br />Three -Year Trend Information
<br />Required Supplementary _lnform@tton - Schedule of Funding Progress
<br />is,
<br />Annual
<br />Percentage
<br />Year
<br />Pension
<br />of APC
<br />Ending
<br />Ending ..
<br />...... . .
<br />Cost APC
<br />Contributed
<br />12/31/98
<br />$59,352
<br />100%
<br />12/31/99
<br />61,600
<br />100%
<br />12/31/00
<br />64,092
<br />100%
<br />Required Supplementary _lnform@tton - Schedule of Funding Progress
<br />is,
<br />Note 13: BUDGETED SPECIAL REVENUE FUNDS
<br />The following is a reconciliation of the revenue and expenditures of the Special Revenue Funds
<br />reported in Exhibit 3 with the total revenue and expenditures reported in Exhibit 2:
<br />Other Financing
<br />Revenue Expenditures Sources (Uses'
<br />Per Exhibit 3
<br />$1,217,821
<br />$ 674,442
<br />$(197,137)
<br />Assets in
<br />which do not have annual budgets
<br />Excess of
<br />Pension
<br />Actuarial
<br />Actuarial
<br />Actuarial
<br />(Unfunded)
<br />Benefit
<br />Valuation
<br />Value of
<br />Accrued
<br />Percentage
<br />Accrued
<br />Per Year
<br />Date
<br />_Date
<br />Assets
<br />Liabilities
<br />Liabilities . 11-
<br />Funded
<br />-
<br />Liao Llity
<br />..... ......... -.-
<br />of Service
<br />12/31/98
<br />$1,390,291
<br />$1,155,967
<br />120.3
<br />$234,324
<br />$2,674
<br />12/31/99
<br />1,309,219
<br />1,134,930
<br />118.4
<br />174,289
<br />2,900
<br />12/31/00
<br />1,273,996
<br />1,305,344
<br />97.6
<br />(31,348)
<br />3,370
<br />Note 13: BUDGETED SPECIAL REVENUE FUNDS
<br />The following is a reconciliation of the revenue and expenditures of the Special Revenue Funds
<br />reported in Exhibit 3 with the total revenue and expenditures reported in Exhibit 2:
<br />Other Financing
<br />Revenue Expenditures Sources (Uses'
<br />Per Exhibit 3
<br />$1,217,821
<br />$ 674,442
<br />$(197,137)
<br />Add Special Revenue Funds
<br />which do not have annual budgets
<br />Senior Citizen Special Account
<br />5,218
<br />5,681
<br />Park Dedication
<br />250,454
<br />182,948
<br />Landfill Construction Debris
<br />141,986
<br />-
<br />Revolving Loan
<br />132,302
<br />52,835
<br />DTED Grant/Loan
<br />36,643
<br />-
<br />Development Fund
<br />186,426
<br />114,092
<br />(21,335)
<br />Capital Outlay Reserve
<br />165,836
<br />221,981
<br />103,623
<br />Emergency/insurance Reserve
<br />71,292
<br />31,871
<br />-
<br />Government Buildings Reserve
<br />656,724
<br />-
<br />-
<br />Street Improvement
<br />287,434
<br />10,428
<br />-
<br />Drug Forfeiture Reserve
<br />20,451
<br />31,662
<br />-
<br />Severance Pay Reserve
<br />10,106
<br />-
<br />-
<br />NSP/RDF Reserve
<br />315,196-
<br />(122,329)
<br />Per Exhibit 2
<br />$3,497,889
<br />$1,32$,940
<br />$C237,178)
<br />31
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