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CITY OF LITTLE CANADA, MINNESOTA CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) (94) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018Revenues:Taxes3,136,333$ 3,451,156$ 3,641,991$ 3,763,961$ 3,737,292$ 3,862,959$ 3,817,392$ 4,227,584$ 3,962,751$ 3,762,678$ Refunds and Reimbursements182,911 195,087 646,812 166,467 1,713,977 124,223 271,260 207,300 188,387 86,547 Licenses and Permits239,957 249,930 306,885 202,081 219,861 562,968 716,247 904,927 643,841 656,984 Intergovernmental927,181 1,430,111 370,739 366,560 702,837 537,770 580,382 2,289,007 591,857 644,422 Charges for Services671,287 671,491 762,629 658,254 640,900 467,915 509,380 519,062 474,145 487,175 Franchise Tax198,538 272,464 337,787 335,798 336,567 125,594 127,865 133,804 135,557 123,529 Fines48,566 44,652 37,697 45,304 46,705 46,571 40,325 42,311 44,707 48,569 Investment Earnings447,414 444,303 474,220 329,020 128,565 490,497 302,870 286,814 316,795 299,521 Special Assessments3,113,255 1,416,871 1,092,087 904,966 1,047,045 1,380,810 1,092,822 1,302,179 1,022,706 985,904 Contributions and Donations34,819 42,710 38,010 25,770 150,929 102,235 136,826 294,559 102,107 140,461 Miscellaneous55,648 45,858 104,090 150,505 39,320 68,782 539,253 972,767 2,635,766 206,714 Total Revenues9,055,909 8,264,633 7,812,947 6,948,686 8,763,998 7,770,324 8,134,622 11,180,314 10,118,619 7,442,504 Expenditures:General Government980,819 686,643 568,468 549,247 1,199,753 610,946 532,783 725,713 964,130 1,414,365 Public Safety1,600,806 1,745,868 1,796,670 1,771,291 1,821,496 1,914,846 1,976,340 2,029,462 2,185,949 2,311,243 Public Works1,076,772 2,238,550 2,172,169 1,215,013 1,597,274 348,496 465,709 424,927 533,914 460,543 Community Services3,579,944 5,140,376 1,208,269 1,019,037 995,854 908,230 919,326 925,496 899,477 1,515,483 Capital Outlay2,276,450 419,455 114,163 478,224 2,447,618 4,773,436 3,944,063 6,469,797 3,186,475 1,579,493 Debt Service:Principal395,000 960,647 590,357 2,058,742 528,406 525,100 690,792 876,470 622,069 1,863,094 Interest425,914 459,071 549,892 488,365 411,671 369,763 475,330 428,465 362,261 318,745 Fiscal Charges59,805 - 2,535 2,233 2,722 22,020 21,615 625 447 1,290 Bond Issue Costs- - - - - 72,776 45,280 - - 477 Total Expenditures10,395,510 11,650,610 7,002,523 7,582,152 9,004,794 9,545,613 9,071,238 11,880,955 8,754,722 9,464,733 Excess (Deficiency) of Revenues Over (Under) Expenditures(1,339,601) (3,385,977) 810,424 (633,466) (240,796) (1,775,289) (936,616) (700,641) 1,363,897 (2,022,229) Other Financing Sources (Uses):Transfers In951,754 2,033,213 1,989,981 2,918,140 2,270,044 1,025,322 1,956,117 1,801,318 1,713,060 1,185,418 Transfers Out(851,754) (1,778,634) (1,739,981) (2,668,140) (1,970,044) (725,322) (1,656,117) (1,501,318) (1,413,060) (885,418) Bonds Issued2,220,000 - - - - 3,400,000 1,335,000 - - - Premium on Bonds Issued- - - - - 82,931 21,847 - - - Payment to Refunded Bond Escrow- - - - - - - (1,400,000) - - Notes Issued- 400,000 - - - - - - - - Insurance Recovery19,181 - - - - - - - - - Sales of Capital Assets- - - - - 1,000 5,000 508,556 74,101 85,000 Total Other Financing Sources (Uses)2,339,181 654,579 250,000 250,000 300,000 3,783,931 1,661,847 (591,444) 374,101 385,000 Net Change in Fund Balances999,580$ (2,731,398)$ 1,060,424$ (383,466)$ 59,204$ 2,008,642$ 725,231$ (1,292,085)$ 1,737,998$ (1,637,229)$ Debt Service as a Percentage of Noncapital Expenditures10.1% 14.7% 20.2% 38.1% 16.1% 15.6% 21.9% 23.3% 16.3% 26.5%Fiscal Year
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