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CITY OF LAKE ELMO, MINNESOTA
<br />SUPPLEMENTAL COMBINING SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
<br />DEBT SERVICE FUND
<br />FOR THE YEAR ENDED DECEMBER 31, 2024
<br />
<br />
<br />102
<br /> 2010B GO CIP
<br />Bonds Fund
<br /> 2012B GO
<br />Improvement
<br />Bonds Fund
<br /> 2014A GO
<br />Improvement
<br />Bonds Fund
<br /> 2015A GO
<br />Improvement
<br />Bonds Fund
<br /> 2016A GO
<br />Improvement
<br />Bonds Fund
<br /> 2017A GO
<br />Improvement
<br />Bonds Fund
<br /> 2019
<br />Improvement
<br />Bonds Fund
<br />REVENUES
<br />Property Taxes 205,884$ -$ 103,597$ -$ 187,529$ 340,954$ 298,661$
<br />Special Assessments - 304 37,400 126,916 75,704 61,319 45,081
<br />Investment Earnings (Losses)4,977 - 32,813 - 20,737 - 24,594
<br />TOTAL REVENUES 210,861 304 173,810 126,916 283,970 402,273 368,336
<br />EXPENDITURES
<br />Current:
<br />Economic Development - 5 90 56 279 215 127
<br />Debt Service:
<br />Principal 185,000 - 230,000 155,000 280,000 465,000 285,000
<br />Interest and Other Charges 9,443 - 32,870 10,364 20,395 54,313 52,375
<br />TOTAL EXPENDITURES 194,443 5 262,960 165,420 300,674 519,528 337,502
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES 16,418 299 (89,150) (38,504) (16,704) (117,255) 30,834
<br />OTHER FINANCING SOURCES (USES)
<br />Bond Issuance - - - - - - -
<br />NET CHANGE IN FUND BALANCE 16,418 299 (89,150) (38,504) (16,704) (117,255) 30,834
<br />FUND BALANCE - BEGINNING 217,228 (23,180) 976,093 5,781 675,470 73,237 767,957
<br />FUND BALANCE - ENDING 233,646$ (22,881)$ 886,943$ (32,723)$ 658,766$ (44,018)$ 798,791$
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