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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, 2017
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2016
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(32)
<br />
<br />Water/Sewer
<br /> Canabury Square Rice/LC Road Equipment
<br />General Condominiums HIA Development Replacement
<br />Fund (362)(440)(604)
<br />REVENUE
<br />Property Taxes 2,668,685$ -$ -$ -$
<br />Tax Increment Collections - - 581,637 -
<br />Refunds and Reimbursements 188,387 - - -
<br />Licenses and Permits 285,045 - - -
<br />Intergovernmental Revenue 347,664 - - -
<br />Special Assessments - 346,541 - -
<br />Charges for Services 27,225 - - -
<br />Franchise Tax - - - -
<br />Fines and Forfeitures 44,707 - - -
<br />Investment Earnings 79,121 - 44,484 50,157
<br />Contributions and Donations - - - -
<br />Miscellaneous Revenue 2,488 - - -
<br />Total Revenue 3,643,322 346,541 626,121 50,157
<br />EXPENDITURES
<br />Current:
<br />General Government 519,277 - 257,621 -
<br />Public Safety 2,185,949 - - -
<br />Public Works 412,710 - - 109,532
<br />Community Service 413,119 715 - -
<br />Capital Outlay:
<br />General Government - - - -
<br />Public Works - - - 224,437
<br />Community Service - - - -
<br />Debt Service:
<br />Principal Retirement - 141,522 - -
<br />Interest and Fiscal Charges - 84,733 - -
<br />Fiscal Charges - - - -
<br />Total Expenditures 3,531,055 226,970 257,621 333,969
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br /> (UNDER) EXPENDITURES 112,267 119,571 368,500 (283,812)
<br />OTHER FINANCE SOURCES (USES)
<br />Payment to Refunded Bond Escrow - - - -
<br />Transfers In 102,008 - - 300,000
<br />Transfers Out (513,788) - (297,128) (311,172)
<br />Proceed from Sale of Capital Assets - - - -
<br />Total Other Finance Sources (Uses)(411,780) - (297,128) (11,172)
<br />NET CHANGE IN FUND BALANCES (299,513) 119,571 71,372 (294,984)
<br />FUND BALANCES
<br />Beginning of Year 2,832,516 (165,291) 2,199,675 2,807,287
<br />End of Year 2,533,003$ (45,720)$ 2,271,047$ 2,512,303$
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