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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />For The Year Ended December 31, 2021
<br />With Comparative Data for the Year Ended December 31, 2020
<br />Operating Capital
<br />Charges For Grants and Grants and Governmental Business-Type
<br />Expenses Services Contributions Contributions Activities Activities 2021 2020
<br />Functions/Programs
<br />Primary government:
<br />Governmental activities:
<br />General government 761,904$ 282,502$ 90,122$ -$ (389,280)$ -$ (389,280)$ (317,380)$
<br />Housing and economic development 282,710 18,875 - - (263,835) - (263,835) (226,265)
<br />Public safety 2,585,476 37,227 70,980 181,492 (2,295,777) - (2,295,777) (1,542,590)
<br />Public works 2,187,357 33,955 131,343 831,362 (1,190,697) - (1,190,697) (425,768)
<br />Sanitation 462,250 485,066 29,831 - 52,647 - 52,647 50,115
<br />Culture and recreation 717,520 50,660 21,540 6,250 (639,070) - (639,070) (491,617)
<br />Interest on long-term debt 123,869 - - - (123,869) - (123,869) (166,152)
<br />Total governmental activities 7,121,086 908,285 343,816 1,019,104 (4,849,881) - (4,849,881) (3,119,657)
<br />Business-type activities:
<br />Water operating 1,766,622 1,885,928 - - - 119,306 119,306 38,582
<br />Sewer operating 1,514,193 1,598,585 - - - 84,392 84,392 (31,652)
<br />Total business-type activities 3,280,815 3,484,513 - - - 203,698 203,698 6,930
<br />Total primary government 10,401,901$ 4,392,798$ 343,816$ 1,019,104$ (4,849,881) 203,698 (4,646,183) (3,112,727)
<br />General revenues:
<br /> Property taxes 3,601,885 - 3,601,885 3,514,093
<br /> Tax increment collections 709,350 - 709,350 570,105
<br /> Franchise taxes 478,546 - 478,546 482,396
<br /> Grants and contributions not
<br /> restricted to specific programs 434,909 - 434,909 434,379
<br /> Unrestricted investment earnings 6,597 (4,420) 2,177 493,064
<br /> Other - - - 318,000
<br /> Gain on sale of capital assets 61,373 - 61,373 40,000
<br /> Gain on sale of future revenue - - - 594,000
<br />Transfers 244,438 (244,438) - -
<br /> Total general revenues and transfers 5,537,098 (248,858) 5,288,240 6,446,037
<br />Change in net position 687,217 (45,160) 642,057 3,333,310
<br />Net position - beginning 45,194,339 10,233,206 55,427,545 52,094,235
<br />Net position - ending 45,881,556$ 10,188,046$ 56,069,602$ 55,427,545$
<br /> Program Revenues
<br />Net (Expense) Revenue and
<br />Changes in Net Position
<br />Primary Government
<br />Totals
<br />The accompanying notes are an integral part of these basic financial statements. 35
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