4.3. HRA BALANCE SHEET 06-06-20226-03-2022 07:47 AM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: MAY 31ST, 2022
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 756,574.46
910-1190 Loans Receivable 69,941.48
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
1,787,846.79
TOTAL ASSETS 1,787,846.79
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LIABILITIES
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EQUITY
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910-2400 Fund Balance 1,806,476.59
TOTAL BEGINNING EQUITY 1,806,476.59
TOTAL REVENUE 1,376.03
TOTAL EXPENSES 20,005.83
TOTAL REVENUE OVER/(UNDER) EXPENSES ( 18,629.80)
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,787,846.79
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,787,846.79
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4.3.