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<br />RESOLUTION NO. 2020-12-162
<br />
<br />RESOLUTION ADOPTING A 2021 BUDGET
<br />FOR THE CITY OF LITTLE CANADA
<br /> WHEREAS, the City Code of the City of Little Canada requires that an annual fiscal budget be
<br />provided annually to the City Council by the City Administrator including projected revenues and sources
<br />and all proposed expenditures to be made and obligations to be incurred by the City in the forthcoming
<br />fiscal year; and
<br />
<br /> WHEREAS, the proposed 2021 budget has been reviewed by the City Council at various public
<br />workshops and City Council meetings; and
<br />
<br /> NOW THEREFORE BE IT RESOLVED, the City Council of the City of Little Canada, County of
<br />Ramsey, State of Minnesota, hereby certifies the proposed 2021 budget as follows:
<br />
<br /> 2020 2021 $ Increase % Increase
<br /> BUDGET BUDGET (Decrease) (Decrease)
<br /> Revenues General Fund $ 4,134,837 $ 4,197,872 $ 63,035 1.52%
<br />Special Revenue Funds 604,195 610,126 5,931 0.98%
<br />Debt Service Funds 639,728 607,948 (31,780) -4.97%
<br />Capital Project Funds-Other 2,586,228 1,501,603 (1,084,625) -41.94%
<br />Capital Project Funds-TIF 464,200 524,300 60,100 12.95%
<br />Enterprise Funds 3,442,185 3,538,680 96,495 2.80%
<br />Internal Service Fund 258,656 280,450 21,794 8.43%
<br /> Total Revenues 12,130,029 11,260,979 (869,050) -7.16%
<br /> Expenditures General Fund 4,134,837 4,220,372 85,535 2.07%
<br />Special Revenue Funds 647,323 649,471 2,148 0.33%
<br />Debt Service Funds 455,098 445,775 (9,323) -2.05%
<br />Capital Project Funds-Other 3,886,110 2,585,770 (1,300,340) -33.46%
<br />Capital Project Funds-TIF 880,857 365,513 (515,344) -58.50%
<br />Enterprise Funds 3,786,235 3,646,681 (139,554) -3.69%
<br />Internal Service Fund 257,261 284,950 27,689 10.76%
<br /> Total Expenditures 14,047,721 12,198,532 (1,849,189) -13.16%
<br />
<br /> Passed this 16th day of December 2020.
<br />
<br />
<br /> __________________________
<br /> John T Keis, Mayor
<br />
<br />Attest:
<br />
<br />
<br />___________________________________
<br />Christopher Heineman, City Administrator
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