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03-23-2022 Council Packet
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03-23-2022 Council Packet
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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of the City Council <br /> <br />FROM: Brenda Malinowski, Finance Director <br /> <br />DATE: March 23, 2022 <br /> <br />RE: 2021 4th Quarter Financial Reports <br /> <br /> <br />ACTION REQUESTED: <br />Receive the 2021 4th Quarter Financial Reports for the City of Little Canada. <br /> <br />INTRODUCTION: <br />Attached are the 2021 4th Quarter Financial Reports for the City of Little Canada. <br /> <br />Attachments: <br />• General Fund Quarterly Financial Report <br />• Special Revenue and Enterprise Funds Quarterly Financial Report <br />• Investments by Maturity and Type <br /> <br /> <br />General Fund Revenue <br />The budget revenues continue to be at the lowest percentage of budget collected when compared <br />to the last five years. This is due to the sheriff’s reimbursement that was not received in 2021. <br />2020 revenues were higher than previous years due to the one-time CARES Act fund and FEMA <br />reimbursement funds that were received in 2020. <br /> <br />
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