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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2019
<br />With Comparative Data for the Year Ended December 31, 2018
<br />Canabury Square
<br />Economic TIF Bonds Condominium
<br />General Development 2001A HIA
<br />Revenues:Fund (105)(314)(362)
<br /> General property taxes 2,972,443$ -$ -$ -$
<br /> Franchise taxes - - - -
<br /> Tax increment collections - - - -
<br /> Special assessments - - - 289,434
<br /> Licenses and permits 497,295 - - -
<br /> Intergovernmental 303,543 - - -
<br /> Charges for services 87,855 - - -
<br /> Fines and forfeits 49,408 - - -
<br /> Investment earnings (loss)87,803 20,041 - -
<br /> Connection charges - - - -
<br /> Contributions - - - -
<br /> Donations 2,855 - - -
<br /> Miscellaneous 173,786 - 47,990 -
<br /> Total revenues 4,174,988 20,041 47,990 289,434
<br />Expenditures:
<br /> Current:
<br /> General government 507,968 - 200 360
<br /> Housing and economic development - 91,880 - -
<br /> Public safety 2,492,581 - - -
<br /> Public works 404,709 - - -
<br /> Sanitation and recycling - - - -
<br /> Parks and recreation 466,109 - - -
<br /> Capital outlay:
<br /> General government - - - -
<br /> Public safety - - - -
<br /> Public works - - - -
<br /> Parks and recreation - - - -
<br /> Debt service:
<br /> Principal retirement - - 965,000 6,727
<br /> Interest - 24,494 47,990 41,177
<br /> Fiscal charges - -- -
<br /> Miscellaneous - -6,050 312
<br /> Total expenditures 3,871,367 116,374 1,019,240 48,576
<br />Revenues over (under) expenditures 303,621 (96,333) (971,250) 240,858
<br />Other financing sources (uses):
<br /> Transfers in 98,678 - 971,250 -
<br /> Transfers out - - - -
<br /> Proceeds from the sale of capital assets - - - -
<br /> Total other financing sources (uses)98,678 - 971,250 -
<br />Net increase (decrease) in fund balance 402,299 (96,333) - 240,858
<br />Fund balance - January 1 2,719,171 (493,365) - (1,058,508)
<br />Fund balance - December 31 3,121,470$ (589,698)$ -$ (817,650)$
<br />The accompanying notes are an integral part of these basic financial statements.
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