SHERBURNE COUNTY

ELK RIVER, MINNESOTA

STATEMENT OF ACTIVITIES

YEAR ENDED DECEMBER 31, 2020

.

                                                                                                                                       Program Revenues                                                                                  Net (Expenses) Revenues and Changes in Net Position                      

                                                                                                                                                Operating                   Capital                                                                                    Primary Government                                             

                                                                                                            Charges for                Grants and                 Grants and                                   Governmental                              Business-type

Functions/Programs                                     Expenses                    Services                      Contributions            Contributions                              Activities                                      Activities                                    Total        

Primary Government:

Governmental activities:

     General government                                   $   33,839,361             $   4,905,926               $ 10,536,498               $               -                                    $ (18,396,937)                               $                   -                $ (18,396,937)

     Public safety                                                   23,650,756                  3,632,803                    3,013,082                                -                                       (17,004,871)                                                    -                   (17,004,871)

     Highway                                                          12,456,837                       75,343                    6,254,251                  1,309,538                                        (4,817,705)                                                    -                     (4,817,705)

     Sanitation                                                          1,445,949                  5,684,261                       293,511                                -                                          4,531,823                                                     -                      4,531,823

     Human services                                               20,524,651                  1,404,005                  11,793,889                                -                                         (7,326,757)                                                    -                    (7,326,757)

     Health                                                                2,948,178                     150,778                    2,112,239                                -                                            (685,161)                                                    -                       (685,161)

     Culture and recreation                                       3,042,992                       21,600                       645,820                                -                                         (2,375,572)                                                    -                    (2,375,572)

     Conservation of natural resources                       520,623                     112,083                           8,173                                -                                            (400,367)                                                    -                       (400,367)

     Economic development                                    2,278,730                     112,041                    1,982,429                                -                                            (184,260)                                                    -                       (184,260)

     Interest expense and fiscal charges

       on long-term debt                                            1,231,356                                -                                   -                                 -                                         (1,231,356)                                                    -                    (1,231,356)

                  Total governmental activities     $ 101,939,433             $ 16,098,840               $ 36,639,892               $ 1,309,538                                   $ (47,891,163)                               $                   -               $ (47,891,163)

Business-type activities:

     Justice Center                                             $   14,736,542             $ 14,276,066               $   1,016,814               $               -                                    $                     -                              $        556,338             $         556,338

Total                                                                $ 116,675,975             $ 30,374,906               $ 37,656,706               $ 1,309,538                                   $  (47,891,163)                              $       556,338               $ (47,334,825)

                                                                                          General revenues:

                                                                                               Property taxes                                                                                                                    $   51,056,885                               $                   -               $    51,056,885

                                                                                               Sales tax                                                                                                                                    6,535,449                                                    -                       6,535,449

                                                                                               Wheelage tax                                                                                                                               932,310                                                    -                          932,310

                                                                                               Intergovernmental, unrestricted                                                                                                5,383,134                                                    -                       5,383,134

                                                                                               Investment earnings                                                                                                                  1,362,789                                                    -                       1,362,789

                                                                                               Gain on disposal of capital assets                                                                                                216,999                                                    -                          216,999

                                                                                          Transfers                                                                                                                                           814,100                                       (814,100)                                                        -

                                                                                                            Total general revenues and transfers                                                                    $   66,301,666                               $      (814,100)                $ 65,487,566

                                                                                          Change in net position                                                                                                            $   18,410,503                               $      (257,762)                $ 18,152,741

                                                                                          Net position - January 1                                                                                                             310,891,335                                   20,498,529                  331,389,864

                                                                                          Restatement - see note 4.D                                                                                                               433,928                                                     -                        433,928

                                                                                          Net position - January 1, restated                                                                                              311,325,263                                     20,498,529                331,823,792

                                                                                          Net position - December 31                                                                                                    $ 329,735,766                               $    20,240,767             $ 349,976,533

See accompanying Notes to Basic Financial Statements

(Published in the Patriot: 10/09/21).