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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />For The Year Ended December 31, 2020
<br />With Comparative Data for the Year Ended December 31, 2019
<br />Operating Capital
<br />Charges For Grants and Grants and Governmental Business-Type
<br />Expenses Services Contributions Contributions Activities Activities 2020 2019
<br />Functions/Programs
<br />Primary government:
<br />Governmental activities:
<br />General government 670,229$ 291,860$ 60,989$ -$ (317,380)$ -$ (317,380)$ 23,096$
<br />Housing and economic development 226,265 - - - (226,265) - (226,265) (629,481)
<br />Public safety 2,654,736 120,083 848,540 143,523 (1,542,590) - (1,542,590) (2,315,023)
<br />Public works 2,361,195 63,436 139,590 1,732,401 (425,768) - (425,768) (1,276,828)
<br />Sanitation 448,249 468,554 29,810 - 50,115 - 50,115 51,741
<br />Culture and recreation 624,376 22,384 5,820 104,555 (491,617) - (491,617) (479,928)
<br />Interest on long-term debt 166,152 - - - (166,152) - (166,152) (235,062)
<br />Total governmental activities 7,151,202 966,317 1,084,749 1,980,479 (3,119,657) - (3,119,657) (4,861,485)
<br />Business-type activities:
<br />Water operating 1,669,453 1,708,035 - - - 38,582 38,582 59,627
<br />Sewer operating 1,503,306 1,471,654 - - - (31,652) (31,652) 142,125
<br />Total business-type activities 3,172,759 3,179,689 - - - 6,930 6,930 201,752
<br />Total primary government 10,323,961$ 4,146,006$ 1,084,749$ 1,980,479$ (3,119,657) 6,930 (3,112,727) (4,659,733)
<br />General revenues:
<br /> Property taxes 3,514,093 - 3,514,093 3,385,222
<br /> Tax increment collections 570,105 - 570,105 538,791
<br /> Franchise taxes 482,396 - 482,396 477,274
<br /> Grants and contributions not
<br /> restricted to specific programs 434,379 - 434,379 437,161
<br /> Unrestricted investment earnings 442,806 50,258 493,064 585,664
<br /> Other 318,000 - 318,000 2,447
<br /> Gain on sale of capital assets 40,000 - 40,000 20,481
<br /> Gain on sale of future revenue 594,000 - 594,000 -
<br />Transfers 103,470 (103,470) - -
<br /> Total general revenues and transfers 6,499,249 (53,212) 6,446,037 5,447,040
<br />Change in net position 3,379,592 (46,282) 3,333,310 787,307
<br />Net position - beginning 41,814,747 10,279,488 52,094,235 51,306,928
<br />Net position - ending 45,194,339$ 10,233,206$ 55,427,545$ 52,094,235$
<br /> Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
<br />Primary Government
<br />Totals
<br />The accompanying notes are an integral part of these basic financial statements. 35
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