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CITY OF LAKE ELMO, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (Continued)
<br />GOVERNMENTAL FUNDS
<br />FOR THE YEAR ENDED DECEMBER 31, 2024
<br />
<br />
<br />See accompanying notes. 32
<br /> General Fund
<br /> Debt Service
<br />Fund
<br /> 2024 Street &
<br />Utility
<br />Improvement
<br />Fund
<br /> Hudson Blvd Imp-
<br />Seg A-InwdHdrx
<br />Fund
<br /> City Hall / Fire
<br />Station Bldg
<br />Project Fund
<br /> 2023 Street
<br />Improvements
<br />Fund
<br /> Total Nonmajor
<br />Governmental
<br />Funds
<br /> Total
<br />Governmental
<br />Funds
<br />Capital Project Funds Formerly Major Funds
<br />
<br />OTHER FINANCING SOURCES (USES)
<br />Sale of Assets -$ -$ -$ -$ 109,573$ 109,573$
<br />Bond Issuance - 92,061 2,201,722 1,730,226 170,991 4,195,000
<br />Premium on Bond Issuance - - 187,755 147,547 14,581 349,883
<br />Transfers In 67,910 - - - 1,473,193 1,541,103
<br />Transfers Out (973,193) - - - (567,910) (1,541,103)
<br />TOTAL OTHER FINANCING
<br />SOURCES (USES)(905,283) 92,061 2,389,477 1,877,773 1,200,428 4,654,456
<br />NET CHANGE IN FUND BALANCES 1,403,992 651,481 425,320 1,273,008 (58,179) 3,695,622
<br />FUND BALANCES - BEGINNING 8,920,580 5,026,712 - - 1,448,996 287,830 5,001,318 20,685,436
<br />(As Previously Reported)
<br />ADJUSTMENTS AND RESTATEMENTS
<br />Adjustment - Change in Major Funds - - (56,882) (53,827) (1,448,996) (287,830) 1,847,535 -
<br />FUND BALANCES - BEGINNING 8,920,580 5,026,712 (56,882) (53,827) - - 6,848,853 20,685,436
<br />(As Adjusted)
<br />FUND BALANCES - ENDING 10,324,572$ 5,678,193$ 368,438$ 1,219,181$ -$ -$ 6,790,674$ 24,381,058$
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