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CITY OF LAKE ELMO, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (Continued)
<br />NONMAJOR CAPITAL PROJECT FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2023
<br />
<br />
<br />97
<br />
<br /> 2022 Street
<br />Improvements
<br />Fund
<br /> Old Village
<br />Phase 7 Fund
<br /> CSAH 15
<br />(Manning Ave)
<br />Phase 3 Fund
<br /> 2024 Street &
<br />Utility
<br />Improvement
<br />Fund
<br /> Hudson Blvd
<br />Imp-Seg A-
<br />InwdHdrx Fund
<br /> 15th Street N
<br />Improvement
<br />Fund
<br /> 30th St N Gap
<br />Segmt
<br />Improvement
<br />Fund
<br /> Total Nonmajor
<br />Capital Project
<br />Funds
<br />REVENUES
<br />Special Assessments -$ -$ -$ -$ -$ -$ -$ 8,938$
<br />Intergovernmental - - - - - - - 553,787
<br />Charges for Services - - - - - - - 277,119
<br />Investment Earnings (Losses)12,078 2,259 - - - - - 234,105
<br />Miscellaneous - - - - - - - 21,230
<br />TOTAL REVENUES 12,078 2,259 - - - - - 1,095,179
<br />EXPENDITURES
<br />Current:
<br />Public Works - 179 - 238 - - - 417
<br />Parks and Recreation - - - - - - - 739
<br />Capital Outlay 16,234 919,705 1,552 56,644 53,827 25,032 25,432 3,299,239
<br />Debt Service:
<br />Interest and Other Charges - 12,397 - - - - - 12,397
<br />TOTAL EXPENDITURES 16,234 932,281 1,552 56,882 53,827 25,032 25,432 3,312,792
<br />EXCESS (DEFICIENCY) OF
<br />REVENUES OVER (UNDER)
<br />EXPENDITURES (4,156) (930,022) (1,552) (56,882) (53,827) (25,032) (25,432) (2,217,613)
<br />OTHER FINANCING
<br />SOURCES (USES)
<br />Sale of Assets - - - - - - - 60,600
<br />Bond Issuance - 916,081 - - - - - 916,081
<br />Premium on Bond Issuance - 87,543 - - - - - 87,543
<br />Transfers In - - - - - - - 466,799
<br />Transfers Out - - - - - - - (24,897)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES)- 1,003,624 - - - - - 1,506,126
<br />NET CHANGE IN FUND BALANCES (4,156) 73,602 (1,552) (56,882) (53,827) (25,032) (25,432) (711,487)
<br />FUND BALANCES- BEGINNING 358,497 (54,720) - - - - - 5,669,527
<br />FUND BALANCES - ENDING 354,341$ 18,882$ (1,552)$ (56,882)$ (53,827)$ (25,032)$ (25,432)$ 4,958,040$
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