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CITY OF LAKE ELMO, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />NONMAJOR GOVERMENTAL FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2023
<br />
<br />
<br />89
<br />
<br />
<br /> Total Nonmajor
<br />Special Revenue
<br />Funds
<br /> Total Nonmajor
<br />Capital Project
<br />Funds
<br /> Total Nonmajor
<br />Governmental
<br />Funds
<br />REVENUES
<br />Special Assessments -$ 8,938$ 8,938$
<br />Intergovernmental 242,390 553,787 796,177
<br />Charges for Services 5,700 277,119 282,819
<br />Investment Earnings (Losses)15,120 234,105 249,225
<br />Miscellaneous - 21,230 21,230
<br />TOTAL REVENUES 263,210 1,095,179 1,358,389
<br />EXPENDITURES
<br />Current:
<br />Public Works - 417 417
<br />Parks and Recreation - 739 739
<br />Capital Outlay 242,390 3,299,239 3,541,629
<br />Debt Service:
<br />Interest and Other Charges - 12,397 12,397
<br />TOTAL EXPENDITURES 242,390 3,312,792 3,555,182
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 20,820 (2,217,613) (2,196,793)
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of Assets - 60,600 60,600
<br />Bond Issuance - 916,081 916,081
<br />Premium on Bond Issuance - 87,543 87,543
<br />Transfers In - 466,799 466,799
<br />Transfers Out - (24,897) (24,897)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES)- 1,506,126 1,506,126
<br />NET CHANGE IN FUND BALANCES 20,820 (711,487) (690,667)
<br />FUND BALANCES - BEGINNING 22,458 5,669,527 5,691,985
<br />FUND BALANCES - ENDING 43,278$ 4,958,040$ 5,001,318$
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