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CITY OF LITTLE CANADA, MINNESOTA <br />MANAGEMENT’S DISCUSSION AND ANALYSIS <br />YEAR ENDED DECEMBER 31, 2017 <br /> <br /> <br /> <br />(25) <br /> <br />The Infrastructure CIP fund had an increase in fund balance of $1,863,130 during 2017 to arrive at an <br />ending fund balance of $2,242,071. This increase is primarily attributable to the reimbursement <br />received from Ramsey County for its share of the Centerville Road project constructed in 2016. <br /> <br />The TIF 6-1 fund had an increase in fund balance of $34,711, to arrive at an ending fund balance of <br />($662,071). This deficit is funded by an interfund loan. <br /> <br />Proprietary Funds <br />The City’s enterprise funds had a combined net position balance of $10,044,187 at December 31, <br />2017. The financial activities of these funds have been summarized in previous charts within this <br />discussion. <br /> <br />General Fund Budgetary Highlights <br /> <br /> Total General Fund revenues were over budget by $114,908. The biggest positive budget <br />variances for revenue categories were within Rents and Refunds. Rents and Refunds exceeded <br />budget by $54,111 due to a greater than anticipated building inspector fees as well as the <br />Sheriffs Credit from Ramsey County. <br /> Total General Fund Expenditures were under budget by $58,359. The biggest positive budget <br />variance for expenditure categories was for Public Works, due to lower than anticipated <br />crackfilling and sealcoating costs.