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CITY OF LITTLE CANADA, MINNESOTA
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />COMBINING BALANCE SHEET
<br />DECEMBER 31, 2015
<br />WITH COMPARATIVE TOTALS FOR DECEMBER 31, 2014
<br />
<br />
<br />
<br />(75)
<br />
<br />
<br />Special Debt Capital
<br />Revenue Service Project 2015 2014
<br />ASSETS
<br />Cash and Investments 507,117$ 96,522$ 2,796,857$ 3,400,496$ 3,645,220$
<br />Cash and Investments Held by Trustee - 1,311,567 - 1,311,567 -
<br />Accounts Receivable (Net of Allowance) 192,085 - 3,632 195,717 192,455
<br />Property Taxes Receivable:
<br />Due from County - 340 6,906 7,246 63,242
<br />Delinquent Taxes - - 58,910 58,910 8,143
<br />Special Assessments Receivable - 68,197 126,118 194,315 230,864
<br />Property Held for Resale - - 982,499 982,499 881,772
<br />Total Assets 699,202$ 1,476,626$ 3,974,922$ 6,150,750$ 5,021,696$
<br />
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE
<br />
<br />LIABILITIES
<br />Accounts and Contracts Payable 55,989$ -$ 20,475$ 76,464$ 297,198$
<br />Accrued Salaries Payable 15 - - 15 75
<br />Interfund Loans Payable - - 328,742 328,742 889,485
<br />Due to Other Governmental Units 22,892 - - 22,892 21,892
<br />Unearned Revenue 5,000 - 17,940 22,940 -
<br />Total Liabilities 83,896 - 367,157 451,053 1,208,650
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue - Taxes and Assessments - 64,982 185,028 250,010 244,427
<br />
<br />FUND BALANCE
<br />Restricted - 1,411,644 2,097,003 3,508,647 2,158,157
<br />Committed 615,306 - - 615,306 985,743
<br />Assigned - - 1,360,135 1,360,135 1,172,298
<br />Unassigned - - (34,401) (34,401) (747,579)
<br />Total Fund Balance 615,306 1,411,644 3,422,737 5,449,687 3,568,619
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Fund Balance 699,202$ 1,476,626$ 3,974,922$ 6,150,750$ 5,021,696$
<br />Total Nonmajor
<br />Governmental Funds
<br />
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