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CITY OF LITTLE CANADA, MINNESOTA
<br />COMBINING BALANCE SHEET
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />December 31, 2019
<br />With Comparative Totals as of December 31, 2018
<br />Special Debt Capital
<br />Revenue Service Project 2019 2018
<br />Assets:
<br /> Cash and investments 568,523$ 89,045$ 4,150,139$ 4,807,707$ 6,185,432$
<br /> Cash and investments, held by trustee - - - - 1,263
<br /> Accounts receivable - net 207,181 - 27,431 234,612 257,779
<br /> Prepaid items - - - - 2,440
<br /> Delinquent property taxes receivable - - 1,764 1,764 10,411
<br /> Due from county - 389 5,864 6,253 2,509
<br /> Special assessments receivable:
<br /> Deferred - 26,691 - 26,691 66,800
<br /> Delinquent - 298 11,234 11,532 10,670
<br /> Special deferred - - - - 3,400
<br /> Property held for resale - - 316,754 316,754 346,754
<br /> Total assets 775,704$ 116,423$ 4,513,186$ 5,405,313$ 6,887,458$
<br />Liabilities:
<br /> Accounts payable 40,319$ -$ 82,989$ 123,308$ 156,580$
<br /> Due to other governmental units 24,215 - - 24,215 23,211
<br /> Interfund loan payable - - 589,103 589,103 642,623
<br /> Unearned revenue 4,351 - - 4,351 4,351
<br /> Total liabilities 68,885 - 672,092 740,977 826,765
<br />Deferred inflows of resources:
<br /> Unavailable revenue - property taxes - - 1,764 1,764 2,326
<br /> Unavailable revenue - special assessments - 26,989 11,234 38,223 80,870
<br /> Total deferred inflows of resources - 26,989 12,998 39,987 83,196
<br />Fund balance:
<br /> Nonspendable:
<br /> Prepaid items - - - - 2,440
<br /> Restricted for:
<br /> Charitable gambling - - 63,147 63,147 38,295
<br /> Park acquisition - - 878,053 878,053 876,459
<br /> Debt retirement - 89,434 - 89,434 90,026
<br /> Fire equipment - - 255,445 255,445 281,329
<br /> Tax increment purposes - - 1,694,860 1,694,860 1,511,413
<br /> Committed 706,819 - - 706,819 687,800
<br /> Assigned - - 1,525,694 1,525,694 3,243,994
<br /> Unassigned - - (589,103) (589,103) (754,259)
<br /> Total fund balance 706,819 89,434 3,828,096 4,624,349 5,977,497
<br />Total liabilities, deferred inflows of resources,
<br />and fund balance 775,704$ 116,423$ 4,513,186$ 5,405,313$ 6,887,458$
<br />Totals
<br />Nonmajor
<br />Governmental Funds
<br />88
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