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05-11-2022 Council Packet
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05-11-2022 Council Packet
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7/27/2022 6:17:58 PM
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CITY OF LITTLE CANADA, MINNESOTA <br />SPECIAL REVENUE FUND - ECONOMIC DEVELOPMENT FUND <br />SCHEDULE OF REVENUES, EXPENDITURES AND <br />CHANGES IN FUND BALANCE - BUDGET AND ACTUAL <br />For The Year Ended December 31, 2021 <br />With Comparative Data for the Year Ended December 31, 2020 <br />Variance with <br />2021 Final Budget-2020 <br />Actual Positive Actual <br />Original Final Amounts (Negative)Amounts <br />Revenues: <br /> Investment earnings (loss)-$ -$ (160)$ (160) 27,186$ <br /> Principal repayment - - - - 600,000 <br /> Miscellaneous - - 18,875 18,875 - <br />Total revenues - - 18,715 18,715 627,186 <br />Expenditures: <br /> Economic development: <br /> Current: <br /> Interest - - 2,159 (2,159) 24,068 <br />Total expenditures - - 2,159 (2,159) 24,068 <br />Revenues over (under) expenditures -$ -$ 16,556 16,556$ 603,118 <br />Fund balance - January 1 13,420 (589,698) <br />Fund balance - December 31 29,976$ 13,420$ <br />Budgeted Amounts <br />82
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