4.3. HRA BALANCE SHEET 02-07-20222-03-2022 03:58 PM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: JANUARY 31ST, 2022
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 777,406.42
910-1190 Loans Receivable 74,338.18
910-1193 Forgivable Loan 75,000.00
910-1194 Allow for Forgivable Loan ( 75,000.00)
910-1195 Note Receivable 400,000.00
910-1310 Due From Other Funds 179,330.85
910-1610 Land Held for Redevelopment 382,000.00
1,813,075.45
TOTAL ASSETS 1,813,075.45
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LIABILITIES
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910-2020 A/P - HRA 4,657.75
TOTAL LIABILITIES 4,657.75
EQUITY
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910-2400 Fund Balance 1,643,853.26
TOTAL BEGINNING EQUITY 1,643,853.26
TOTAL REVENUE 5,156.44
TOTAL EXPENSES ( 1,796.75)
(WILL CLOSE TO FUND BAL.) 157,611.25
TOTAL REVENUE OVER/(UNDER) EXPENSES 164,564.44
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,808,417.70
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,813,075.45
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4.3.