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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2015
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2014
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<br />See accompanying Notes to Basic Financial Statements.
<br />(30)
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<br />Water/Sewer
<br />Canabury Square General Capital Rice/LC Road Equipment
<br />General Condominiums HIA Improvements Development Replacement
<br />Fund (362) (400) (440) (604)
<br />REVENUE
<br />Property Taxes 2,563,053$ -$ 40,672$ -$ -$
<br />Tax Increment Collections - - - 499,393 -
<br />Refunds and Reimbursements 159,209 - - - 112,051
<br />Licenses and Permits 376,297 - - - -
<br />Intergovernmental Revenue 348,754 - 231,628 - -
<br />Special Assessments 498 339,013 - - -
<br />Charges for Services 29,233 - - - -
<br />Franchise Tax - - - - -
<br />Fines and Forfeitures 40,325 - - - -
<br />Investment Earnings 81,058 - 16,599 42,956 20,557
<br />Contributions and Donations - - - - -
<br />Miscellaneous Revenue - - 36,596 - -
<br />Total Revenue 3,598,427 339,013 325,495 542,349 132,608
<br />EXPENDITURES
<br />Current:
<br />General Government 523,588 - 435 5,325 -
<br />Public Safety 1,975,080 - 1,260 - -
<br />Public Works 457,007 - 638 - 4,185
<br />Community Service 445,541 735 2,400 - -
<br />Capital Outlay:
<br />General Government - - 198,401 - -
<br />Public Works - - 192,822 - 128,617
<br />Community Service - - 296,077 - -
<br />Debt Service:
<br />Principal Retirement - 136,262 - - -
<br />Interest and Fiscal Charges - 105,151 - - -
<br />Fiscal Charges - - - - -
<br />Bond Issue Costs - - - - -
<br />Total Expenditures 3,401,216 242,148 692,033 5,325 132,802
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br /> (UNDER) EXPENDITURES 197,211 96,865 (366,538) 537,024 (194)
<br />OTHER FINANCE SOURCES (USES)
<br />Proceeds from Issuance of Debt - - - - -
<br />Premium on Issued Debt - - - - -
<br />Transfers In 100,399 - 212,562 - 300,000
<br />Transfers Out (206,153) - - (327,318) (760,842)
<br />Proceed from Sale of Capital Assets - - - - 5,000
<br />Total Other Finance Sources (Uses)(105,754) - 212,562 (327,318) (455,842)
<br />NET CHANGE IN FUND BALANCES 91,457 96,865 (153,976) 209,706 (456,036)
<br />FUND BALANCES
<br />Beginning of Year 2,404,702 (370,407) 1,176,132 1,618,799 2,735,154
<br />End of Year 2,496,159$ (273,542)$ 1,022,156$ 1,828,505$ 2,279,118$
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