4.3. HRA BALANCE SHEET 03-06-20233-02-2023 11:12 AM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2023
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 773,030.36
910-1190 Loans Receivable 52,468.44
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 170,631.85
910-1610 Land Held for Redevelopment 382,000.00
1,778,130.65
TOTAL ASSETS 1,778,130.65
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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 4,016.49
TOTAL EXPENSES 7,930.67
(WILL CLOSE TO FUND BAL.) ( 24,431.76)
TOTAL REVENUE OVER/(UNDER) EXPENSES ( 28,345.94)
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,778,130.65
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,778,130.65
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4.3.