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CITY OF LITTLE CANADA, MINNESOTA
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS
<br />YEAR ENDED DECEMBER 31, 2018
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<br />
<br />
<br />(17)
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<br />The following is a summary of the City’s change in net position:
<br />
<br />2018 2017 2018 2017 2018 2017
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services $ 2,251,983 $ 3,931,500 $ 3,070,546 $ 3,012,949 $ 5,322,529 $ 6,944,449
<br />Operating Grants and Contributions 287,601 268,981 - - 287,601 268,981
<br />Capital Grants and Contributions 680,448 1,224,118 40,740 284,231 721,188 1,508,349
<br />General Revenues:
<br />Property Taxes 3,265,748 3,037,308 - - 3,265,748 3,037,308
<br />Other Taxes 378,923 898,922 - - 378,923 898,922
<br />Contributions Not Restricted to
<br /> Specific Programs 435,682 395,398 - - 435,682 395,398
<br />Unrestricted Investment Earnings 299,521 316,795 21,740 27,547 321,261 344,342
<br />Other 14,920 14,663 9,056 6,863 23,976 21,526
<br />Total Revenues 7,614,826 10,087,685 3,142,082 3,331,590 10,756,908 13,419,275
<br />EXPENSES
<br />General Government 1,868,590 739,788 - - 1,868,590 739,788
<br />Public Safety 2,241,544 2,257,152 - - 2,241,544 2,257,152
<br />Public Works 2,420,772 2,442,796 - - 2,420,772 2,442,796
<br />Community Services 1,274,088 1,128,254 - - 1,274,088 1,128,254
<br />Interest on Long-Term Debt 289,276 325,328 - - 289,276 325,328
<br />Water - - 1,574,293 1,631,920 1,574,293 1,631,920
<br />Sewer - - 1,480,413 1,434,384 1,480,413 1,434,384
<br />Total Expenses 8,094,270 6,893,318 3,054,706 3,066,304 11,148,976 9,959,622
<br />CHANGE IN NET POSITION BEFORE
<br /> SPECIAL ITEMS AND TRANSFERS (479,444) 3,194,367 87,376 265,286 (392,068) 3,459,653
<br />Special Item (4,506,155) - - - (4,506,155) -
<br />Transfers 300,000 300,000 (300,000) (300,000) - -
<br />Total Special Items and Transfers (4,206,155) 300,000 (300,000) (300,000) (4,506,155) -
<br />CHANGE IN NET POSITION (4,685,599) 3,494,367 (212,624) (34,714)(4,898,223) 3,459,653
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<br />Net Position - Beginning of Year 46,160,964 42,666,597 10,044,187 10,078,901 56,205,151 52,745,498
<br />NET POSITION - END OF YEAR 41,475,365$ 46,160,964$ 9,831,563$ 10,044,187$ 51,306,928$ 56,205,151$
<br />Governmental Activities Business-Type Activities Total
<br /> Overall revenues from governmental activities decreased $2,472,859. The fairly dramatic decrease in
<br />governmental activities revenues can be attributed to the reimbursement that the City received from the
<br />County in 2017 for the Centerville Road Project ($2,409,488).
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<br />Governmental activities expenses increased 17.4% between 2017 and 2018 with the largest increase in
<br />General Government. General Government expenses had increases related to TIF development
<br />activities. Some of these TIF expenses were related to Pay as you go payments, and some of these
<br />expenses were to establish two new TIF Districts. These expenses were funded with tax increment
<br />revenues.
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<br />The special item of $4,506,155 relates to the removal of two road reconstruction projects that were
<br />completed in prior years. These two projects (Little Canada Road from 35E to Edgerton and Centerville
<br />Road) were projects led by the City of two County Roads. The City incurred the costs for these two
<br />projects and was later reimbursed by the County for these two projects.
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<br />The business-type activities, primarily the City’s utility operations, showed a slight decrease in net
<br />position.
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