4.3. HRA BALANCE SHEET 03-07-20223-03-2022 01:28 PM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2022
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 761,057.02
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
1,796,726.05
TOTAL ASSETS 1,796,726.05
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LIABILITIES
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EQUITY
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910-2400 Fund Balance 1,643,853.26
TOTAL BEGINNING EQUITY 1,643,853.26
TOTAL REVENUE 144.36
TOTAL EXPENSES 9,894.90
(WILL CLOSE TO FUND BAL.) 162,623.33
TOTAL REVENUE OVER/(UNDER) EXPENSES 152,872.79
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,796,726.05
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,796,726.05
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4.3.