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CITY OF LAKE ELMO, MINNESOTA
<br />CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS (Continued)
<br />LAST TEN YEARS
<br />
<br />
<br />114
<br />
<br />2018 2017 2016 2015 2014
<br />Revenues:
<br />General Property Taxes 3,610,508$ 3,042,074$ 3,231,674$ 3,222,216$ 3,203,111$
<br />Licenses and Permits 1,317,648 2,046,462 1,713,918 828,494 451,953
<br />Intergovernmental 247,178 1,023,864 282,874 296,902 413,968
<br />Charges for Services 899,808 137,920 38,608 35,796 30,192
<br />Fines and Forfeits 49,203 41,418 49,505 48,739 48,647
<br />Special Assessments 1,398,155 455,493 897,323 1,316,239 115,424
<br />Park Dedication Fees 502,802 265,783 171,708 138,158 274,257
<br />Investment Earnings (Losses)115,583 48,987 43,228 46,415 87,467
<br />Lease Interest - - - - -
<br />Miscellaneous 129,455 265,133 77,491 99,055 165,319
<br /> Total Revenues 8,270,340 7,327,134 6,506,329 6,032,014 4,790,338
<br />Expenditures:
<br />Current:
<br />General Government 1,208,145 1,502,904 1,358,306 1,094,723 1,046,906
<br />Public Safety 1,644,159 1,470,726 1,262,040 1,203,765 1,198,546
<br />Public Works 1,227,521 1,185,828 893,644 686,401 585,071
<br />Parks And Recreation 241,761 603,292 500,689 457,749 368,276
<br />Economic Development Authority 47,702 - - - -
<br />Debt service:
<br />Principal 1,175,000 910,000 826,219 667,342 585,000
<br />Interest and Fiscal Charges 230,822 463,570 242,392 226,611 157,649
<br />Capital Outlay 4,552,089 5,860,917 3,126,782 2,729,512 2,881,437
<br /> Total Expenditures 10,327,199 11,997,237 8,210,072 7,066,103 6,822,885
<br />Excess (Deficiency) of Revenues
<br />Over Expenditures (2,056,859) (4,670,103) (1,703,743) (1,034,089) (2,032,547)
<br />Other Financing Sources (Uses):
<br />Issuance of Debt 1,866,000 4,565,000 2,690,000 1,620,000 2,850,000
<br />Premium on Issuance of Debt - 166,068 102,877 32,137 31,520
<br />(Discount) on Issuance of Debt - (26,302) (14,392) (11,386) -
<br />Proceeds from Sale of Capital Assets 8,991 1,400 - 30,000 -
<br />Transfers In 56,209 - 143,105 220,842 10,501
<br />Transfers Out (173,190) - - - -
<br /> Total Other Financing
<br /> Sources (Uses)1,758,010 4,706,166 2,921,590 1,891,593 2,892,021
<br />Net Change in Fund Balance (298,849)$ 36,063$ 1,217,847$ 857,504$ 859,474$
<br />Debt Service as a Percentage of
<br />Noncapital Expenditures 24.2%22.4%21.0%20.6%18.8%
<br />Debt Service as a Percentage of
<br />Total Expenditures 13.6%11.4%13.0%12.7%10.9%
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