SHERBURNE COUNTY
ELK RIVER, MINNESOTA
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2020.
Social Welfare
Private Purpose Custodial
Trust Fund Funds
ADDITIONS
Contributions:
Individuals $ 55,712 $ 6,510,241
Property Tax Collections
for Other Governments - 102,923,349
Property Tax Collections
for Other Funds - 63,812
License and Fees Collected
for State - 7,853,833
Miscellaneous - 183,841
Total Additions 55,712 117,535,076
DEDUCTIONS
Beneficiary Payments to
Individuals 55,930 5,920,265
Payments to State - 15,083,016
Payments to Other Entities - 96,455,557
Total Deductions 55,930 117,458,838
NET INCREASE
(DECREASE) IN
FIDUCIARY NET
POSITION (218) 76,238
Fiduciary Net Position -
Beginning of Year - -
Change in Accounting
Principle - See Note 4.E 8,043 2,177,970
Fiduciary Net Position -
Beginning of Year, as
Restated 8,043 2,177,970
FIDUCIARY NET POSITION -
END OF YEAR $ 7,825 $ 2,254,208
See accompanying Notes to Basic Financial Statements
(Published in the Patriot: 10/09/21).
