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CITY OF LITTLE CANADA, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2015
<br />WITH COMPARATIVE TOTALS FOR DECEMBER 31, 2014
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(27)
<br />
<br /> Water/Sewer
<br />General Canabury Square General Capital Rice/LC Road Equipment
<br />Fund Condominiums HIA Improvements Development Replacement
<br />(101) (362) (400) (440) (604)
<br />ASSETS
<br />Cash and Investments 1,045,365$ -$ 989,688$ 1,756,413$ 1,582,817$
<br />Cash and Investments Held by Trustee - - - - -
<br />Accrued Interest Receivable 32,970 - - - -
<br />Property Taxes Receivable:
<br />Delinquent 79,633 - - - -
<br />Due from County 37,320 2,822 58 1,691 533
<br />Delinquent Tax Increment - - - 25,901 -
<br />Accounts (Net of Allowance) 22,951 - 5,000 - -
<br />Special Assessments Receivable - 2,171,508 - 31,059 75,620
<br />Note Receivable - - - - -
<br />Prepaids 3,590 - 9,800 - -
<br />Property Held for Resale - - 30,000 70,401 420,000
<br />Interfund Loan Receivable 1,309,429 - - - 292,878
<br />Due from Other Governmental Units 120,518 - - - -
<br />Total Assets 2,651,776$ 2,174,330$ 1,034,546$ 1,885,465$ 2,371,848$
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE
<br />LIABILITIES
<br />Accounts and Contracts Payable 62,275$ -$ 12,390$ -$ 16,577$
<br />Accrued Salaries Payable 11,732 - - - -
<br />Interfund Loan Payable - 304,634 - - -
<br />Due to Other Governmental Units 1,977 - - - -
<br />Contracts Payable - - - - -
<br />Deposits - - - - -
<br />Unearned Revenue - - - - -
<br />Total Liabilities 75,984 304,634 12,390 - 16,577
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue - Taxes and Assessments 79,633 2,143,238 - 56,960 76,153
<br />FUND BALANCE
<br />Nonspendable 1,313,019 - 9,800 - -
<br />Restricted - - - 1,828,505 -
<br />Committed - - - - -
<br />Assigned - - 1,012,356 - 2,279,118
<br />Unassigned 1,183,140 (273,542) - - -
<br />Total Fund Balance 2,496,159 (273,542) 1,022,156 1,828,505 2,279,118
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Fund Balance 2,651,776$ 2,174,330$ 1,034,546$ 1,885,465$ 2,371,848$
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