4.3. HRA BALANCE SHEET 03-04-20242-27-2024 02:06 PM CITY OF ELK RIVER PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 29TH, 2024
910-HRA
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
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ASSETS
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910-1010 Cash - HRA 807,138.28
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
1,913,069.62
TOTAL ASSETS 1,913,069.62
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LIABILITIES
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910-2020 A/P - HRA ( 98.00)
TOTAL LIABILITIES ( 98.00 )
EQUITY
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910-2400 Fund Balance 1,782,602.74
TOTAL BEGINNING EQUITY 1,782,602.74
TOTAL REVENUE 8,408.84
TOTAL EXPENSES 11,999.28
(WILL CLOSE TO FUND BAL.) 134,155.32
TOTAL REVENUE OVER/(UNDER) EXPENSES 130,564.88
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,913,167.62
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,913,069.62
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4.3.