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CITY OF LITTLE CANADA, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2020
<br />With Comparative Totals for the Year Ended December 31, 2019
<br />Special Debt Capital
<br />Revenues:Revenue Service Project 2020 2019
<br /> General property taxes -$ -$ 160,224$ 160,224$ 157,448$
<br /> Franchise taxes 115,849 - - 115,849 119,128
<br /> Tax increment collections - - 486,982 486,982 538,791
<br /> Special assessments - 5,784 1,414 7,198 45,934
<br /> Charges for services 488,846 - - 488,846 467,625
<br /> Investment earnings (loss)15,596 - 101,652 117,248 143,603
<br /> Contributions - - 37,008 37,008 43,416
<br /> Donations 5,820 - 49,785 55,605 35,600
<br /> Miscellaneous 242 - - 242 73,678
<br /> Total revenues 626,353 5,784 837,065 1,469,202 1,625,223
<br />Expenditures:
<br /> Current:
<br /> General government - 600 1,400 2,000 2,560
<br /> Housing and economic development - - 222,613 222,613 171,268
<br /> Sanitation 448,249 - - 448,249 413,046
<br /> Parks and recreation 83,933 - - 83,933 101,683
<br /> Capital outlay:
<br /> Public safety - - 52,177 52,177 61,484
<br /> Parks and recreation 10,906 - - 10,906 -
<br /> Debt service:
<br /> Principal retirement - 287,808 7,133 294,941 296,350
<br /> Interest - 99,764 1,241 101,005 130,711
<br /> Fiscal charges - 950 - 950 950
<br /> Miscellaneous - 805 - 805 1,965
<br /> Total expenditures 543,088 389,927 284,564 1,217,579 1,180,017
<br />Revenues over (under) expenditures 83,265 (384,143) 552,501 251,623 445,206
<br />Other financing sources (uses):
<br /> Transfers in - 376,428 - 376,428 376,628
<br /> Transfers out (85,025) - (563,849) (648,874) (273,728)
<br /> Total other financing sources (uses)(85,025) 376,428 (563,849) (272,446) 102,900
<br />Net increase (decrease) in fund balance (1,760) (7,715) (11,348) (20,823) 548,106
<br />Fund balance - January 1 706,819 89,434 4,606,646 5,402,899 4,076,243
<br />Fund balance - December 31 705,059$ 81,719$ 4,595,298$ 5,382,076$ 4,624,349$
<br />Totals
<br />Nonmajor
<br />Governmental Funds
<br />93
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