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CITY OF LITTLE CANADA, MINNESOTA
<br />Management’s Discussion and Analysis (continued)
<br />Year Ended December 31, 2021
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<br />o Public works was under budget by 84.2% due to savings in the street maintenance and
<br />storm water departments.
<br /> There was vacancy in the street maintenance department for the first half of the
<br />year in order to evaluate the department structure. The position was hired in
<br />August. In addition, there were realized savings for salt and asphalt purchases due
<br />to favorable weather conditions, crack-filling and striping that did not need to done
<br />due to the favorable condition of the streets, and savings for contract labor that was
<br />not utilized due to pandemic.
<br /> Storm sewer savings for a reduction in storm water maintenance activities during
<br />the vacancy in the street maintenance department.
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<br />CAPITAL ASSETS
<br />The City’s investment in capital assets (net of accumulated depreciation) for its governmental and business-
<br />type activities as of December 31, 2021, amounts to $37,617,192.
<br />City of Little Canada’s Capital Assets
<br />(Net of Depreciation)
<br /> Governmental Activities Business-type Activities Total Primary Government
<br /> 2021 2020 2021 2020 2021 2020
<br />Land $3,620,111 $3,620,111 $ - $ - $3,620,111 $3,620,111
<br />Easements - - 103,301 103,301 103,301 103,301
<br />Construction in progress 172,438 181,002 - - 172,438 181,002
<br />Buildings & improvements 7,665,497 7,575,246 - - 7,665,497 7,575,246
<br />Machinery and equipment 5,998,103 5,596,843 1,185,085 1,161,878 7,183,188 6,758,721
<br />Other improvements 1,251,714 1,155,289 - - 1,251,714 1,155,289
<br />Streets and infrastructure 45,026,775 44,232,691 - - 45,026,775 44,232,691
<br />Distrib. & collect. system - - 18,824,340 18,789,733 18,824,340 18,789,733
<br /> Total Capital Assets 63,734,638 62,361,182 20,112,726 20,054,912 83,847,364 82,416,094
<br />Less: Accum. Depreciation (33,756,239) (31,943,758) (12,473,933) (12,061,405) (46,230,172) (44,005,163)
<br />Ending balance $29,978,399 $30,417,424 $7,638,793 $7,993,507 $37,617,192 $38,410,931
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<br />The largest capital asset purchases in 2021 for the governmental activities were for the 2021 street
<br />improvements, which included Greenbrier Circle and Old County Road C. In addition, there were large
<br />purchases for the addition of one dump truck and fire department radios. For the business-type activities,
<br />several controllers were purchased for the lift stations. Additional details of capital asset activity for the
<br />year can be found in Note 5 of the notes to basic financial statements.
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