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CITY OF LITTLE CANADA, MINNESOTA <br />Management’s Discussion and Analysis (continued) <br />Year Ended December 31, 2020 <br /> <br /> <br /> <br /> <br />The graph below shows the governmental activities and their income and clearly reflects the need for <br />property taxes to supplement the activities of the City, since the other sources of revenue are insufficient to <br />fund the governmental activities. <br /> <br />Business-Type Activities <br />Business-type activities had an overall decrease in net position of $46,282. The Water Fund had a slight <br />increase in net position before general revenues of $38,582, and the Sewer Fund had a decrease in net <br />position before general revenues of $31,652. Modest rate increases in both funds (Water 3% and Sewer <br />4%) that were approved in 2021 will improve the net positions in future years. The last rate increase <br />occurred in 2018. A pause in rate changes occurred in 2019 and 2020 in order to complete a utility rate <br />study. <br /> <br />Property Taxes <br />34%Capital Grants & <br />Contributions <br />19% <br />Operating Grants & <br />Contributions <br />10% <br />Other taxes & tax <br />increment <br />10% <br />Charges for services <br />9% <br />Gain on sale of <br />capital assets <br />9% <br />Unrestricted <br />investment <br />earnings <br />4% <br />Contributions not <br />restricted to specific <br />programs <br />4% <br />Transfers <br />1% <br />Revenues by Source -Government Activities <br /> $1,000,000 <br /> $1,500,000 <br /> $2,000,000 <br />Water Sewer <br />Program Expenses and Revenues -Business-Type Activities <br />Expenses Program revenues <br />24