|
CITY OF LITTLE CANADA, MINNESOTA
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />DECEMBER 31, 2017
<br />
<br />
<br />
<br />(55)
<br />
<br />NOTE 3 RECEIVABLES
<br />Significant receivable balances not expected to be collected within one year of
<br />December 31, 2017 are as follows:
<br />
<br /> Rice/LC Water/Sewer Canabury
<br />General Road Infrastructure Equipment Squares Nonmajor
<br />Fund Development CIP Replacement Condominiums HIA TIF #6-1 Funds Total
<br />Property Taxes/Tax Increment
<br /> Receivable 126,353$ 29,063$ 14,778$ -$ 6,704$ 3,154$ 9,556$ 189,608$
<br />Special Assessments Receivable - 33,188 1,648,142 66,042 1,802,141 - 113,003 3,662,516
<br />Advances to Other Funds 1,090,034 - - 267,113 - - - 1,357,147
<br />Total 1,216,387$ 62,251$ 1,662,920$ 333,155$ 1,808,845$ 3,154$ 122,559$ 5,209,271$
<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 Special
<br />Taxes Assessments Total
<br />Major Funds:
<br />General Fund 77,170$ -$ 77,170$
<br />Rice/LC Road Development 24,686 33,188 57,874
<br />Infrastructure CIP 3,390 1,644,392 1,647,782
<br />Canabury Square Condos HIA - 1,802,141 1,802,141
<br />Water/Sewer Equipment Replacement - 66,043 66,043
<br />Nonmajor Funds 3,084 113,002 116,086
<br />Total 108,330$ 3,658,766$ 3,767,096$
|