4.3. HRA BALANCE SHEET 02-05-20241-29-2024 11:43 AM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: JANUARY 31ST, 2024
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 830,707.37
910-1190 Loans Receivable 162,108.05
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 161,823.29
910-1610 Land Held for Redevelopment 382,000.00
1,936,638.71
TOTAL ASSETS 1,936,638.71
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LIABILITIES
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EQUITY
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910-2400 Fund Balance 1,782,602.74
TOTAL BEGINNING EQUITY 1,782,602.74
TOTAL REVENUE 7,989.74
TOTAL EXPENSES ( 3,421.64)
(WILL CLOSE TO FUND BAL.) 142,624.59
TOTAL REVENUE OVER/(UNDER) EXPENSES 154,035.97
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,936,638.71
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,936,638.71
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4.3.