4.3. HRA BALANCE SHEET 01-04-202112-28-2020 12:49 PM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: DECEMBER 31ST, 2020
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 548,303.83
910-1190 Loans Receivable 160,453.74
910-1193 Forgivable Loan 150,000.00
910-1194 Allow for Forgivable Loan ( 150,000.00)
910-1195 Note Receivable 400,000.00
910-1310 Due From Other Funds 187,499.46
910-1610 Land Held for Redevelopment 234,900.00
1,531,157.03
TOTAL ASSETS 1,531,157.03
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LIABILITIES
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EQUITY
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910-2400 Fund Balance 1,854,096.52
TOTAL BEGINNING EQUITY 1,854,096.52
TOTAL REVENUE 389,932.26
TOTAL EXPENSES 712,871.75
TOTAL REVENUE OVER/(UNDER) EXPENSES ( 322,939.49)
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,531,157.03
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP.1,531,157.03
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4.4