|
CITY OF LITTLE CANADA, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />December 31, 2020
<br />With Comparative Data as of December 31, 2019
<br />Canabury Square General
<br />Economic Condominium Capital Infrastructure
<br />General Development HIA Improvements CIP
<br />Assets:Fund (105)(362)(400)(450)
<br /> Cash and investments 3,456,091$ 65,333$ -$ 1,822,713$ 2,968,803$
<br /> Accrued interest receivable 24,097 - - - -
<br /> Interfund loan receivable 554,019 - - - -
<br /> Due from other governmental units - net 37,256 - - - 362,310
<br /> Accounts receivable - net 20,613 - - 113,041 114,405
<br /> Prepaid items 2,381 - - - -
<br /> Delinquent property taxes receivable 47,185 - - - 1,254
<br /> Due from county 60,556 - 28,096 - 17,767
<br /> Special assessments receivable:
<br /> Deferred - - 553,293 - 1,102,806
<br /> Delinquent - - 29,468 - 4,474
<br /> Special deferred - - 365,972 - 191,991
<br /> Notes receivable - - - - -
<br /> Property held for resale - 2,800 - 30,000 -
<br />Total assets 4,202,198$ 68,133$ 976,829$ 1,965,754$ 4,763,810$
<br />Liabilities:
<br /> Accounts payable 28,176$ -$ -$ 2,915$ 66,566$
<br /> Salaries payable 13,985 - - - -
<br /> Contracts payable - - - 2,975 392,037
<br /> Due to other governmental units 35,279 - - - -
<br /> Deposits payable 16,462 - - - -
<br /> Interfund loan payable - 54,713 577,931 - -
<br /> Unearned revenue - - - - -
<br />Total liabilities 93,902 54,713 577,931 5,890 458,603
<br />Deferred inflows of resources:
<br /> Unavailable revenue - property taxes 47,185 - - - 1,254
<br /> Unavailable revenue - special assessments - - 948,733 - 1,299,271
<br /> Unavailable revenue - intergovernmental - - - - -
<br /> Unavailable revenue - other 3,213 - - - -
<br />Total deferred inflows of resources 50,398 - 948,733 - 1,300,525
<br />Fund balances (deficit):
<br /> Nonspendable:
<br /> Prepaid items 2,381 - - - -
<br /> Advances to other funds 554,019 - - - -
<br /> Restricted - - - 78,000 -
<br /> Committed - 13,420 - - -
<br /> Assigned 819,483 - - 1,881,864 3,004,682
<br /> Unassigned 2,682,015 - (549,835) - -
<br />Total fund balances (deficit)4,057,898 13,420 (549,835) 1,959,864 3,004,682
<br />Total liabilities, deferred inflows of resources,
<br />and fund balances 4,202,198$ 68,133$ 976,829$ 1,965,754$ 4,763,810$
<br />36
<br />The accompanying notes are an integral part of these financial statements.
|