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06-10-2020 Council Packet
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06-10-2020 Council Packet
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CITY OF LITTLE CANADA, MINNESOTA <br />SPECIAL REVENUE FUND - ECONOMIC DEVELOPMENT FUND <br />SCHEDULE OF REVENUES, EXPENDITURES AND <br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL <br />For The Year Ended December 31, 2019 <br />With Comparative Data for the Year Ended December 31, 2018 <br />Variance with <br />2019 Final Budget-2018 <br />Actual Positive Actual <br />Original Final Amounts (Negative)Amounts <br />Revenues: <br /> Investment earnings (loss)-$ -$ 20,041$ 20,041 10,775$ <br /> Miscellaneous - - - - 29,925 <br />Total revenues - - 20,041 20,041 40,700 <br />Expenditures: <br /> Economic development: <br /> Current: <br /> Contractual services - - 91,880 (91,880) 556,960 <br /> Interest - - 24,494 (24,494) 10,736 <br />Total expenditures - - 116,374 (116,374) 567,696 <br />Revenues over (under) expenditures -$ -$ (96,333) (96,333)$ (526,996) <br />Fund balance - January 1 (493,365) 33,631 <br />Fund balance - December 31 (589,698)$ (493,365)$ <br />Budgeted Amounts <br />82
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