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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />FOR THE YEAR ENDED DECEMBER 31, 2023
<br />
<br />See accompanying notes. 27
<br /> Operating Capital
<br /> Charges for Grants and Grants and Governmental Business-Type
<br /> Expenses Services Contributions Contributions Activities Activities Total
<br />Governmental Activities:
<br />General Government 1,220,552$ 350,081$ 198,118$ -$ (672,353)$ -$ (672,353)$
<br />Public Safety 3,228,801 1,587,586 678,701 - (962,514) - (962,514)
<br />Public Works 4,627,872 60,388 223,450 9,895,930 5,551,896 - 5,551,896
<br />Parks and Recreation 526,835 282,819 2,438 - (241,578) - (241,578)
<br />Interest and Other Charges 815,944 - - - (815,944) - (815,944)
<br />Total Governmental Activities 10,420,004 2,280,874 1,102,707 9,895,930 2,859,507 - 2,859,507
<br />Business-Type Activities:
<br />Water 3,982,238 2,804,479 - 4,848,900 - 3,671,141 3,671,141
<br />Sewer 2,524,280 1,442,607 - 2,579,955 - 1,498,282 1,498,282
<br />Storm Sewer 1,057,111 611,219 - 2,409,519 - 1,963,627 1,963,627
<br />Total Business-Type Activities 7,563,629 4,858,305 - 9,838,374 - 7,133,050 7,133,050
<br />TOTALS 17,983,633$ 7,139,179$ 1,102,707$ 19,734,304$ 2,859,507 7,133,050 9,992,557
<br /> General Revenues:
<br />Property Taxes 7,822,031 - 7,822,031
<br />Franchise Taxes 68,884 - 68,884
<br />Intergovernmental 246,056 46 246,102
<br />Investment Earnings (Losses)1,137,908 604,235 1,742,143
<br />Gain (Loss) on Sale of Assets (221,202) - (221,202)
<br />Miscellaneous 46,528 - 46,528
<br />Total General Revenues 9,100,205 604,281 9,704,486
<br />Capital Asset Transfers (420,482) 420,482 -
<br />Total General Revenues and Transfers 8,679,723 1,024,763 9,704,486
<br />CHANGE IN NET POSITION 11,539,230 8,157,813 19,697,043
<br />NET POSITION - BEGINNING OF YEAR 66,485,193 84,513,322 150,998,515
<br />NET POSITION - END OF YEAR 78,024,423$ 92,671,135$ 170,695,558$
<br /> Functions/Programs
<br /> Program Revenues Net (Expense) Revenue and Changes in Net Position
<br />Primary Government
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