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<br />OPTION 2-RESOLUTION NO. 2021-xx-xxx
<br />RESOLUTION ADOPTING A 2022 BUDGET
<br />FOR THE CITY OF LITTLE CANADA
<br />
<br /> WHEREAS, the City Code of the City of Little Canada requires that an annual fiscal budget be
<br />provided annually to the City Council by the City Administrator including projected revenues and sources
<br />and all proposed expenditures to be made and obligations to be incurred by the City in the forthcoming
<br />fiscal year; and
<br />
<br /> WHEREAS, the proposed 2022 budget has been reviewed by the City Council at various public
<br />workshops and City Council meetings; and
<br />
<br /> NOW THEREFORE BE IT RESOLVED, the City Council of the City of Little Canada, County of
<br />Ramsey, State of Minnesota, hereby certifies the 2022 budget as follows:
<br />
<br /> 2020 2022 $ Increase % Increase
<br /> BUDGET BUDGET (Decrease) (Decrease)
<br /> Revenues General Fund $ 4,197,872 $ 4,383,310 $ 185,438 4.42%
<br />Special Revenue Funds 610,126 769,020 158,894 26.04%
<br />Debt Service Funds 607,948 605,785 (2,163) -0.36%
<br />Capital Project Funds-Other 1,501,603 1,518,077 16,474 1.10%
<br />Capital Project Funds-TIF 524,300 718,575 194,275 37.05%
<br />Enterprise Funds 3,538,680 3,740,860 202,180 5.71%
<br />Internal Service Fund 280,450 293,015 12,565 4.48%
<br /> Total Revenues 11,260,979 12,028,642 767,663 6.82%
<br /> Expenditures General Fund 4,220,372 4,383,310 162,938 3.86%
<br />Special Revenue Funds 649,471 737,760 88,289 13.59%
<br />Debt Service Funds 445,775 405,250 (40,525) -9.09%
<br />Capital Project Funds-Other 2,585,770 4,285,635 1,699,865 65.74%
<br />Capital Project Funds-TIF 365,513 431,635 66,122 18.09%
<br />Enterprise Funds 3,646,681 4,224,315 577,634 15.84%
<br />Internal Service Fund 284,950 297,550 12,600 4.42%
<br /> Total Expenditures 12,198,532 14,765,455 2,566,923 21.04%
<br />
<br /> Passed this 15th day of December 2021.
<br />
<br />
<br /> __________________________
<br /> John T Keis, Mayor
<br />
<br />
<br />Attest:
<br />
<br />
<br />___________________________
<br />Chris Heineman, City Administrator
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