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CITY OF LITTLE CANADA, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2017
<br />WITH COMPARATIVE TOTALS FOR DECEMBER 31, 2016
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(29)
<br />
<br /> Water/Sewer
<br />General Canabury Square Rice/LC Road Equipment
<br />Fund Condominiums HIA Development Replacement
<br />(101) (362) (440) (604)
<br />ASSETS
<br />Cash and Investments 1,262,231$ -$ 2,447,682$ 1,835,485$
<br />Cash and Investments Held by Trustee - - - -
<br />Accrued Interest Receivable 32,646 - - -
<br />Property Taxes Receivable:
<br />Delinquent 77,171 - - -
<br />Due from County 49,182 6,704 4,377 -
<br />Delinquent Tax Increment - - 24,686 -
<br />Accounts (Net of Allowance) 5,248 - (249,879) -
<br />Special Assessments Receivable - 1,802,141 33,188 66,042
<br />Due from Other Governmental Units 175,981 - - -
<br />Prepaids 8,389 - - -
<br />Property Held for Resale - - 70,401 420,000
<br />Advances to Other Funds 1,090,034 - - 267,113
<br />Total Assets 2,700,882$ 1,808,845$ 2,330,455$ 2,588,640$
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE
<br />LIABILITIES
<br />Accounts and Contracts Payable 59,596$ -$ 1,534$ 10,294$
<br />Accrued Salaries Payable 20,976 - - -
<br />Due to Other Funds - - - -
<br />Due to Other Governmental Units 826 - - -
<br />Deposits 6,283 - - -
<br />Unearned Revenue 3,028 - - -
<br />Advances from Other Funds - 52,424 - -
<br />Total Liabilities 90,709 52,424 1,534 10,294
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue - Taxes and Assessments 77,170 1,802,141 57,874 66,043
<br />FUND BALANCE
<br />Nonspendable 1,098,423 - - -
<br />Restricted - - 2,271,047 267,113
<br />Committed - - - -
<br />Assigned - - - 2,245,190
<br />Unassigned 1,434,580 (45,720) - -
<br />Total Fund Balance 2,533,003 (45,720) 2,271,047 2,512,303
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Fund Balance 2,700,882$ 1,808,845$ 2,330,455$ 2,588,640$
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