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City of Lake Elmo <br />Year End: December 31, 2024 <br />Journal Entries: Reclassifying <br />Date: 1/1/2024 To 12/31/2024 <br />Number Date Name Account No Reference Annotation Debit Credit Recurrence Misstatement <br />101 12/31/2024 Fund Balance 101-000-0000-25300 GF01A 2.00 <br />101 12/31/2024 Cleaning Supplies 101-410-1320-42110 GF01A 4.00 <br />101 12/31/2024 Interest Income 221-000-0000-36210 SRF02 1.00 <br />101 12/31/2024 Interest Earnings 252-000-0000-36210 SRF03 1.00 <br />101 12/31/2024 Fund Balance 321-000-0000-25300 DSF01E 1.00 <br />101 12/31/2024 Miscellaneous 321-000-0000-44300 DSF01E 1.00 <br />101 12/31/2024 Fund Balance 323-000-0000-25300 DSF01G 1.00 <br />101 12/31/2024 Miscellaneous 323-000-0000-44300 DSF01G <br />101 12/31/2024 Miscellaneous 324-000-0000-44300 DSF01H 1.00 <br />101 12/31/2024 Miscellaneous 327-000-0000-44300 DSF01J 1.00 <br />101 12/31/2024 Fund Balance 329-000-0000-25300 DSF01K 1.00 <br />101 12/31/2024 Miscellaneous 329-000-0000-44300 DSF01K 1.00 <br />101 12/31/2024 Miscellaneous 333-000-0000-44300 DSF01O 2.00 <br />101 12/31/2024 Contract Services 404-480-8117-43150 CPF01 1.00 <br />101 12/31/2024 Fund Balance 409-000-0000-25300 CPF05 12.00 <br />101 12/31/2024 Misc. Expenses 409-000-0000-44300 CPF05 11.00 <br />101 12/31/2024 Vehicles 410-420-2220-45500 CPF02 1.00 <br />101 12/31/2024 Interest Earnings 411-000-0000-36210 CPF06 1.00 <br />101 12/31/2024 Fund Balance 423-000-0000-25300 CPF11 1.00 <br />101 12/31/2024 Legal Fees 430-480-8091-43040 CPF17 1.00 <br />101 12/31/2024 Fund Balance 431-000-0000-25300 CPF18 1.00 <br />101 12/31/2024 Legal Services 431-480-8089-43040 CPF18 1.00 <br />101 12/31/2024 Fund Balance 434-000-0000-25300 CPF03 1.00 <br />101 12/31/2024 Interest Earnings 434-000-0000-36210 CPF03 1.00 <br />101 12/31/2024 Interest Earnings 435-000-0000-36210 CPF20 1.00 <br />101 12/31/2024 Fund Balance - Tamarack Farm 436-000-0000-25300 CPF21 1.00 <br />101 12/31/2024 Engineering Services 436-480-8106-43030 CPF21 1.00 <br />101 12/31/2024 Fund Balance - City Hall/Fire 437-000-0000-25300 CPF04 1.00 <br />101 12/31/2024 Legal Fees 437-480-8108-43040 CPF04 1.00 <br />101 12/31/2024 Fund Balance 441-000-0000-25300 CPF24 1.00 <br />101 12/31/2024 Interest Earnings 441-000-0000-36210 CPF24 1.00 <br />101 12/31/2024 Fund Balance 442-000-0000-25300 CPF25 1.00 <br />101 12/31/2024 Engineering Services 442-480-8116-43030 CPF25 2.00 <br />101 12/31/2024 Legal Publishing 446-480-8129-43510 CPF29 2.00 <br />101 12/31/2024 Public Notice 447-480-8130-43510 CPF30 3.00 <br />101 12/31/2024 Engineering Services 449-480-8133-43030 CPF34 1.00 <br />101 12/31/2024 Fund Balance 601-000-0000-25300 ENT01 1.00 <br />101 12/31/2024 Postage 601-494-9400-43220 ENT01 5.00 <br />101 12/31/2024 Postage 602-495-9450-43220 ENT02 2.00 <br />101 12/31/2024 Postage 603-496-9500-43220 ENT03 1.00 <br />To balance funds and tie out Recurring <br />opening equity. Differences resulting from rounding errors upon TB import. <br />102 12/31/2024 Contracts Payable 437-000-0000-20500 CPF04 PBC 233,625.00 <br />102 12/31/2024 Contract Services 437-480-8108-43150 CPF04 PBC 233,625.00 <br />PBC - To record City Hall/Fire Recurring <br />Station building project retainage. <br />103 12/31/2024 Accounts Receivable - Unbilled 101-000-0000-11700 GF01A 6503 31,274.00 <br />103 12/31/2024 Lease Receivables - Current 101-000-0000-11701 GF01A 6503 31,274.00 <br />To reclassify the current portion Recurring <br />of leases receivable. <br />104 12/31/2024 Bonds Payable - Current SW-000-0000-22500 G34G 6001 260,000.00 <br />104 12/31/2024 Bonds Payable - NonCurrent SW-000-0000-23100 G34G 6001 260,000.00 <br />To reclass current portion of long Recurring <br />term debt. <br />105 12/31/2024 Deferred Revenue 101-000-0000-22200 GF01A 7010 GOV LEA 122,165.00 <br />105 12/31/2024 Deferred Revenue - Delinquent Taxes SW-101-000-0000-22200 GF01A 7010 GOV LEA 56,052.00 <br />105 12/31/2024 Deferred Revenue - Delinquent SA SW-101-000-0000-22201 GF01A 7010 GOV LEA 66,113.00 <br />To break out deferred inflows from Recurring <br />deferred revenue for financial statement presentation purposes <br />106 12/31/2024 Special Assmts Rec - Due within One Year SW-000-0000-12300 ENT03 7013 21,361.00 <br />106 12/31/2024 Special Assmts Rec - Deferred 321-000-0000-12300 DSF01E 7013 268.00 <br />6/23/2025 <br />11:18 AM Page 1