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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (Continued)
<br />GOVERNMENTAL FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2023
<br />
<br />
<br />See accompanying notes. 32
<br /> General Fund
<br /> Debt Service
<br />Fund
<br /> City Hall / Fire
<br />Station Bldg
<br />Project Fund
<br /> 2023 Street
<br />Improvements
<br />Fund
<br /> Total Nonmajor
<br />Governmental
<br />Funds
<br /> Total
<br />Governmental
<br />Funds
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of Assets -$ -$ -$ -$ 60,600$ 60,600$
<br />Bond Issuance - 92,421 - 2,401,498 916,081 3,410,000
<br />Premium on Bond Issuance - - - 229,494 87,543 317,037
<br />Transfers In - - - - 466,799 466,799
<br />Transfers Out (441,902) - - - (24,897) (466,799)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES)(441,902) 92,421 - 2,630,992 1,506,126 3,787,637
<br />NET CHANGE IN FUND BALANCES 1,380,341 491,134 (5,271,891) 340,925 (690,667) (3,750,158)
<br />FUND BALANCES - BEGINNING 7,540,239 4,535,578 6,720,887 (53,095) 5,691,985 24,435,594
<br />FUND BALANCES - ENDING 8,920,580$ 5,026,712$ 1,448,996$ 287,830$ 5,001,318$ 20,685,436$
<br />Capital Project Funds
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