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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />FOR THE YEAR ENDED DECEMBER 31, 2024
<br />
<br />See accompanying notes. 27
<br /> Operating Capital
<br /> Charges for Grants and Grants and Governmental Business-Type
<br /> Expenses Services Contributions Contributions Activities Activities Total
<br />Governmental Activities:
<br />General Government 1,513,163$ 391,056$ 81,805$ -$ (1,040,302)$ -$ (1,040,302)$
<br />Public Safety 3,853,006 1,563,841 124,477 - (2,164,688) - (2,164,688)
<br />Public Works 5,376,826 60,485 250,869 17,900,192 12,834,720 - 12,834,720
<br />Parks and Recreation 848,199 1,094,429 36,500 - 282,730 - 282,730
<br />Economic Development 7,074 - 48,811 - 41,737 - 41,737
<br />Interest and Other Charges 881,870 - - - (881,870) - (881,870)
<br />Total Governmental Activities 12,480,138 3,109,811 542,462 17,900,192 9,072,327 - 9,072,327
<br />Business-Type Activities:
<br />Water 3,946,949 1,522,996 - 8,270,173 - 5,846,220 5,846,220
<br />Sewer 2,996,505 876,248 100,000 4,970,000 - 2,949,743 2,949,743
<br />Storm Sewer 1,185,064 673,538 - 3,998,665 - 3,487,139 3,487,139
<br />Total Business-Type Activities 8,128,518 3,072,782 100,000 17,238,838 - 12,283,102 12,283,102
<br />TOTALS 20,608,656$ 6,182,593$ 642,462$ 35,139,030$ 9,072,327 12,283,102 21,355,429
<br /> General Revenues:
<br />Property Taxes 8,905,064 - 8,905,064
<br />Franchise Taxes 86,955 - 86,955
<br />Intergovernmental 102,914 10,470 113,384
<br />Investment Earnings (Losses)1,050,711 704,216 1,754,927
<br />Gain (Loss) on Sale of Assets 108,120 - 108,120
<br />Miscellaneous 8,079 - 8,079
<br />Total General Revenues 10,261,843 714,686 10,976,529
<br />CHANGE IN NET POSITION 19,334,170 12,997,788 32,331,958
<br />NET POSITION - BEGINNING OF YEAR 78,024,423 92,671,135 170,695,558
<br />NET POSITION - END OF YEAR 97,358,593$ 105,668,923$ 203,027,516$
<br /> Functions/Programs
<br /> Program Revenues Net (Expense) Revenue and Changes in Net Position
<br />Primary Government
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