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CITY OF LITTLE CANADA, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />December 31, 2019
<br />With Comparative Data as of December 31, 2018
<br />Canabury Square
<br />Economic TIF Bonds Condominium
<br />General Development 2001A HIA
<br />Assets:Fund (105)(314)(362)
<br /> Cash and investments 2,348,044$ 64,947$ -$ -$
<br /> Cash and investments, held by trustee - - - -
<br /> Accrued interest receivable 32,974 - - -
<br /> Interfund loan receivable 761,178 - - -
<br /> Due from other governmental units - net 97,240 - - -
<br /> Accounts receivable - net 38,834 - - -
<br /> Prepaid items 10,807 - - -
<br /> Delinquent property taxes receivable 52,650 - - -
<br /> Due from county 86,770 - - 42,661
<br /> Special assessments receivable:
<br /> Deferred - - - 743,111
<br /> Delinquent - - - 30,320
<br /> Special deferred - - - 419,307
<br /> Notes receivable - 600,000 - -
<br /> Property held for resale - - - -
<br /> Total assets 3,428,497$ 664,947$ -$ 1,235,399$
<br />Liabilities:
<br /> Accounts payable 102,788$ -$ -$ -$
<br /> Salaries payable 34,025 - - -
<br /> Contracts payable - - - -
<br /> Due to other governmental units 46,238 - - -
<br /> Deposits payable 6,682 - - -
<br /> Interfund loan payable - 654,645 - 860,311
<br /> Unearned revenue - - - -
<br /> Total liabilities 189,733 654,645 - 860,311
<br />Deferred inflows of resources:
<br /> Unavailable revenue - property taxes 52,650 - - -
<br /> Unavailable revenue - special assessments - - - 1,192,738
<br /> Unavailable revenue - intergovernmental 64,644 - - -
<br /> Unavailable revenue - other - 600,000 - -
<br /> Total deferred inflows of resources 117,294 600,000 - 1,192,738
<br />Fund balances (deficit):
<br /> Nonspendable:
<br /> Prepaid items 10,807 - - -
<br /> Advances to other funds 761,178 - - -
<br /> Restricted - - - -
<br /> Committed - - - -
<br /> Assigned 138,870 - - -
<br /> Unassigned 2,210,615 (589,698) - (817,650)
<br /> Total fund balances (deficit)3,121,470 (589,698) - (817,650)
<br />Total liabilities, deferred inflows of resources,
<br />and fund balances 3,428,497$ 664,947$ -$ 1,235,399$
<br />34
<br />The accompanying notes are an integral part of these financial statements.
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