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CITY OF LITTLE CANADA
<br />CAPITAL PROJECTS 2022-2031
<br />GENERAL CAPITAL IMPROVEMENT FUND SUMMARY (FUND 400)
<br />2021
<br />Estimated 2022 2023 2024
<br />REVENUE SUMMARY:
<br />PILOT Payment (Painter's Union) (1)10,000$ 10,000$ 10,000$ 10,000$
<br />PILOT Payment (AFSA) (2)13,300 13,300 13,300 13,300
<br />TIF Excess Increment 10,000 10,000 10,000 10,000
<br />Cell tower lease 72,700 72,700 72,700 72,700
<br />ARPA Funds - 516,500 - -
<br />Donations - -400,000 -
<br />Sale of Equipment 40,000 - - -
<br />Grant - 97,000 - -
<br />EAB Grant - 50,000 23,140 -
<br />Local Government Aid (3)347,503 347,927 242,927 230,781
<br />LCFD Reimbursement - - - -
<br />Transfer from 450 for Admin Fees 5,800 14,300 18,300 9,800
<br />Transfer from General Fund 900,000 - - -
<br />Transfer from 10% Fund for Pioneer - - 145,000 -
<br />Transfer from Park Land Acq. Fund - - 325,000 25,000
<br />Transfer from Cable TV Fund
<br />Reimbursement by History Center?13,780
<br />Interest 14,700 16,100 22,200 -
<br />TOTAL REVENUE 1,414,003$ 1,147,827$ 1,296,347$ 371,581$
<br />EXPENDITURE SUMMARY:
<br />Audit Fees 520$ 530$ 540$ 550$
<br />EAB Removal and Replacement - 67,500 30,000 30,000
<br />Buildings (Detail on pages 28-31)13,000 103,795 424,240 145,730
<br />Administration (Detail on pages 32-33)40,696 37,350 29,700 11,900
<br />Fire (Moved to Fund 457)187,000 - - -
<br />Parks & Recreation (Detail on pgs 34-39)338,982 1,004,450 1,685,500 234,000
<br />Public Works (Detail on page 40-43)281,383 222,250 127,000 146,400
<br />TOTAL EXPENDITURES 861,581$ 1,435,875$ 2,296,980$ 568,580$
<br />NET INCREASE (DECREASE)552,422$ (288,048)$ (1,000,633)$ (196,999)$
<br />BEGINNING FUND BALANCE 1,959,864$ 2,512,286$ 2,224,238$ 1,223,605$
<br />ENDING FUND BALANCE 2,512,286$ 2,224,238$ 1,223,605$ 1,026,606$
<br />(1)$10,000 until 2022; can renegotiate in 2022; in effect while property is under tax exempt status
<br />(2) Tax capacity multiplied by City's Tax Rate
<br />(3) $105,000 reduction in 2023 and 5% reduction per year after 2023
<br />62
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