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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, 2018
<br />WITH COMPARATIVE TOTALS FOR YEAR ENDED DECEMBER 31, 2017
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<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(30)
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<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 2,965,801$ -$ -$ -$
<br />Tax Increment Collections - - (19,757) -
<br />Refunds and Reimbursements 86,547 - - -
<br />Licenses and Permits 300,059 - - -
<br />Intergovernmental Revenue 298,423 - - -
<br />Special Assessments - 421,855 - -
<br />Charges for Services 28,801 - - -
<br />Franchise Tax - - - -
<br />Fines and Forfeitures 48,569 - - -
<br />Investment Earnings62,775 - 33,999 71,588
<br />Contributions and Donations - - - -
<br />Miscellaneous Revenue 1,752 - - -
<br />Total Revenue 3,792,727 421,855 14,242 71,588
<br />EXPENDITURES
<br />Current:
<br />General Government 559,215 - 404,995 -
<br />Public Safety 2,311,243 - - -
<br />Public Works 381,806 - - 65,311
<br />Community Service 450,078 729 - -
<br />Capital Outlay:
<br />General Government - - - -
<br />Public Works - - - 177,095
<br />Community Service - - - -
<br />Debt Service:
<br />Principal Retirement - 1,351,661 - -
<br />Interest and Fiscal Charges - 82,253 - -
<br />Fiscal Charges - - - -
<br />Total Expenditures 3,702,342 1,434,643 404,995 242,406
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br /> (UNDER) EXPENDITURES 90,385 (1,012,788) (390,753) (170,818)
<br />OTHER FINANCE SOURCES (USES)
<br />Transfers In 100,283 - - 300,000
<br />Transfers Out (4,500) - (292,235) (227,070)
<br />Proceeds from Sale of Capital Assets - - - -
<br />Total Other Finance Sources (Uses) 95,783 - (292,235) 72,930
<br />NET CHANGE IN FUND BALANCES 186,168 (1,012,788) (682,988) (97,888)
<br />FUND BALANCES
<br />Beginning of Year 2,533,003 (45,720) 2,520,926 2,512,303
<br />End of Year 2,719,171$ (1,058,508)$ 1,837,938$ 2,414,415$
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