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CITY OF LITTLE CANADA, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2021
<br />With Comparative Totals for the Year Ended December 31, 2020
<br />Special Debt Capital
<br />Revenues:Revenue Service Project 2021 2020
<br /> General property taxes -$ -$ 159,508$ 159,508$ 160,224$
<br /> Franchise taxes 120,686 - - 120,686 115,849
<br /> Tax increment collections - - 624,416 624,416 486,982
<br /> Special assessments - 6,282 2,107 8,389 7,198
<br /> Charges for services 527,683 - - 527,683 488,846
<br /> Investment earnings (loss)(1,303) - (8,662) (9,965) 117,248
<br /> Contributions - - 64,883 64,883 37,008
<br /> Donations 2,691 - 164,322 167,013 55,605
<br /> Miscellaneous 418 - - 418 242
<br /> Total revenues 650,175 6,282 1,006,574 1,663,031 1,469,202
<br />Expenditures:
<br /> Current:
<br /> General government - 750 1,730 2,480 2,000
<br /> Housing and economic development - - 279,089 279,089 222,613
<br /> Sanitation 462,250 - - 462,250 448,249
<br /> Parks and recreation 86,716 - 15,000 101,716 83,933
<br /> Capital outlay:
<br /> Public safety - - 50,802 50,802 52,177
<br /> Parks and recreation 1,808 - - 1,808 10,906
<br /> Debt service:
<br /> Principal retirement - 292,190 - 292,190 294,941
<br /> Interest - 94,252 350 94,602 101,005
<br /> Fiscal charges - 950 - 950 950
<br /> Miscellaneous - 800 - 800 805
<br /> Total expenditures 550,774 388,942 346,971 1,286,687 1,217,579
<br />Revenues over (under) expenditures 99,401 (382,660) 659,603 376,344 251,623
<br />Other financing sources (uses):
<br /> Transfers in - 375,978 - 375,978 376,428
<br /> Transfers out (76,100) - (184,353) (260,453) (648,874)
<br /> Total other financing sources (uses)(76,100) 375,978 (184,353) 115,525 (272,446)
<br />Net increase (decrease) in fund balance 23,301 (6,682) 475,250 491,869 (20,823)
<br />Fund balance - January 1 705,059 81,719 4,595,298 5,382,076 5,402,899
<br />Fund balance - December 31 728,360$ 75,037$ 5,070,548$ 5,873,945$ 5,382,076$
<br />Totals
<br />Nonmajor
<br />Governmental Funds
<br />91
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