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CITY OF LAKE ELMO, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />NONMAJOR CAPITAL PROJECT FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2024
<br />
<br />97
<br />
<br /> Park Dedication
<br />Fund
<br /> Vehicle
<br />Acquisition Fund
<br /> Heritage Farms
<br />Street & Utility
<br />Improvements
<br />Fund
<br /> City Hall / Fire
<br />Station Bldg
<br />Project Fund
<br /> Infrastructure
<br />Reserve Fund
<br /> City Facilities
<br />Fund
<br /> Manning &
<br />Hudson Future
<br />Stoplight Fund
<br /> CSAH 13 Phase
<br />2 Fund
<br />REVENUES
<br />Special Assessments -$ -$ -$ -$ 1,160$ -$ -$ -$
<br />Intergovernmental - - - - 6,555 - - -
<br />Charges for Services 1,088,429 - - - - - - -
<br />Investment Earnings (Losses)121,183 49,985 9,441 107,584 26,569 3,993 10,789 -
<br />Miscellaneous - - - - 23,160 - - -
<br />TOTAL REVENUES 1,209,612 49,985 9,441 107,584 57,444 3,993 10,789 -
<br />EXPENDITURES
<br />Current:
<br />Public Works - - - - (13) - - -
<br />Economic Development - - - - 39 - - -
<br />Capital Outlay 448,601 831,695 - 94,119 - - - -
<br />Debt Service:
<br />Interest and Other Charges - - - - - - - -
<br />TOTAL EXPENDITURES 448,601 831,695 - 94,119 26 - - -
<br />EXCESS (DEFICIENCY) OF
<br />REVENUES OVER (UNDER)
<br />EXPENDITURES 761,011 (781,710) 9,441 13,465 57,418 3,993 10,789 -
<br />OTHER FINANCING
<br />SOURCES (USES)
<br />Sale of Assets - 109,573 - - - - - -
<br />Bond Issuance - - - - - - - -
<br />Premium on Bond Issuance - - - - - - - -
<br />Transfers In - 367,329 - - - - - -
<br />Transfers Out - (500,000) - - - - - -
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES)- (23,098) - - - - - -
<br />NET CHANGE IN FUND BALANCES 761,011 (804,808) 9,441 13,465 57,418 3,993 10,789 -
<br />FUND BALANCES- BEGINNING 2,424,333 1,502,126 233,342 - 636,610 98,874 17,195 (48,389)
<br />(As Previously Reported)
<br />ADJUSTMENTS AND RESTATEMENTS
<br />Adjustment - Change in Nonmajor Funds - - - 1,448,996 - - - -
<br />FUND BALANCE - BEGINNING 2,424,333 1,502,126 233,342 1,448,996 636,610 98,874 17,195 (48,389)
<br />(As Adjusted)
<br />FUND BALANCES - ENDING 3,185,344$ 697,318$ 242,783$ 1,462,461$ 694,028$ 102,867$ 27,984$ (48,389)$
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