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CITY OF LITTLE CANADA, MINNESOTA
<br />COMBINING BALANCE SHEET
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />December 31, 2021
<br />With Comparative Totals as of December 31, 2020
<br />Special Debt Capital
<br />Revenue Service Project 2021 2020
<br />Assets:
<br /> Cash and investments 577,548$ 82,931$ 4,798,498$ 5,458,977$ 5,337,306$
<br /> Interfund loan receivable - - 8,049 8,049 1,347
<br /> Accounts receivable - net 220,597 - 10,754 231,351 223,882
<br /> Delinquent property taxes receivable - - 1,848 1,848 2,189
<br /> Due from county - 155 1,805 1,960 9,234
<br /> Special assessments receivable:
<br /> Deferred - 15,188 - 15,188 21,167
<br /> Delinquent - 723 8,575 9,298 10,699
<br /> Special deferred - - 29,022 29,022 28,197
<br /> Property held for resale - - 387,155 387,155 387,155
<br /> Total assets 798,145$ 98,997$ 5,245,706$ 6,142,848$ 6,021,176$
<br />Liabilities:
<br /> Accounts payable 37,731$ -$ 129,296$ 167,027$ 516,527$
<br /> Due to other governmental units 27,703 - - 27,703 26,919
<br /> Interfund loan payable - 8,049 6,417 14,466 23,839
<br /> Unearned revenue 4,351 - - 4,351 4,351
<br /> Total liabilities 69,785 8,049 135,713 213,547 571,636
<br />Deferred inflows of resources:
<br /> Unavailable revenue - property taxes - - 1,848 1,848 2,189
<br /> Unavailable revenue - special assessments - 15,911 37,597 53,508 60,063
<br /> Unavailable revenue - other - - - - 5,212
<br /> Total deferred inflows of resources - 15,911 39,445 55,356 67,464
<br />Fund balance:
<br /> Restricted for:
<br /> Charitable gambling - - 151,658 151,658 102,033
<br /> Park acquisition - - 877,603 877,603 877,853
<br /> Debt retirement - 82,931 - 82,931 82,931
<br /> Fire equipment - - 366,573 366,573 253,053
<br /> Tax increment purposes - - 2,113,112 2,113,112 1,942,584
<br /> Committed 728,360 - - 728,360 705,059
<br /> Assigned - - 1,573,212 1,573,212 1,436,063
<br /> Unassigned - (7,894) (11,610) (19,504) (17,500)
<br /> Total fund balance 728,360 75,037 5,070,548 5,873,945 5,382,076
<br />Total liabilities, deferred inflows of resources,
<br />and fund balance 798,145$ 98,997$ 5,245,706$ 6,142,848$ 6,021,176$
<br />Totals
<br />Nonmajor
<br />Governmental Funds
<br />90
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