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CITY OF LITTLE CANADA, MINNESOTA MANAGEMENT’S DISCUSSION AND ANALYSIS YEAR ENDED DECEMBER 31, 2015 (23) The Infrastructure CIP fund had an increase in fund balance of $1,137,783 during 2015 to arrive at an ending fund balance of $2,709,368. This increase was due to the delay of the 2015 street projects because of concerns over the private utilities completing their work in a timely manner. The St. Jude TIF District fund had an increase in fund balance of $24,501, to arrive at an ending fund balance of ($20,088). The TIF 6-1 fund had a decrease in fund balance of $16,241, to arrive at an ending fund balance of ($712,728). This deficit is funded by an interfund loan. The City Maintenance Garage had a decrease in fund balance of $1,393,409 in 2015 to arrive at an ending fund balance of $-0-. This decrease was due to the City Maintenance Garage project being completed in 2015. Proprietary Funds The City’s enterprise funds had a combined net position balance of $10,335,028 at December 31, 2015. The financial activities of these funds have been summarized in previous charts within this discussion. General Fund Budgetary Highlights  Total General Fund revenues exceeded budget by $264,132. The biggest positive budget variances for revenue categories were within licenses and permits and rents and refunds. Licenses and permits exceeded budget by $162,872 due to a greater than anticipated number of building permits because of storm damage repairs. Rents and refunds exceeded budget by $37,904 due to greater than anticipated refunds and reimbursements.  Total General Fund Expenditures were under budget by $5,479. The largest budget overage was public works street maintenance which was over budget by $33,100 due to some higher than anticipated street striping, sweeping, and sealcoating costs. This was offset by the rest of the expense categories being under budget by various small amounts.