|
CITY OF LITTLE CANADA, MINNESOTA
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />DECEMBER 31, 2015
<br />
<br />
<br />
<br />(52)
<br />
<br />NOTE 3 RECEIVABLES
<br />Significant receivable balances not expected to be collected within one year of
<br />December 31, 2015 are as follows:
<br />
<br /> Rice/LC Water/Sewer Canabury
<br />General Road Infrastructure Equipment Squares Nonmajor
<br />Fund Development CIP Replacement Condominiums HIA Funds Total
<br />Property Taxes/Tax Increment
<br /> Receivable 116,953$ 27,592$ 11,252$ 533$ 2,822$ 65,837$ 224,989$
<br />Special Assessments Receivable - 31,059 1,313,914 75,620 2,171,508 194,315 3,786,416
<br />Interfund Loan 1,309,429 - - 292,878 - - 1,602,307
<br />Accounts Receivable 22,951 - 97,332 - - 195,717 316,000
<br />Total 1,449,333$ 58,651$ 1,422,498$ 369,031$ 2,174,330$ 455,869$ 5,929,712$
<br />
<br />
<br />
<br />NOTE 4 UNAVAILABLE REVENUE
<br />Governmental funds report deferred inflows of resources in connection with receivables for
<br />revenues that are considered not available to liquidate liabilities for the current period. At the
<br />end of the current fiscal year, the various components of unavailable revenue reported in the
<br />governmental funds were as follows:
<br />
<br />Property Tax Special
<br />Taxes Increment Assessments Total
<br />Major Funds:
<br />General Fund 79,633$ -$ -$ 79,633$
<br />Rice/LC Road Development - 25,901 31,059 56,960
<br />Infrastructure CIP 3,618 - 1,299,479 1,303,097
<br />Canabury Square Condos HIA - - 2,143,238 2,143,238
<br />Water/Sewer Equipment Replacement 533 - 75,620 76,153
<br />Nonmajor Funds - 58,910 191,100 250,010
<br />Total 83,784$ 84,811$ 3,740,496$ 3,909,091$
<br />
|