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CITY OF LITTLE CANADA, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />December 31, 2021
<br />With Comparative Data as of December 31, 2020
<br />Canabury Square General
<br />Economic Condominium Capital
<br />General Development HIA Improvements
<br />Assets:Fund (105)(362)(400)
<br /> Cash and investments 2,673,739$ 84,047$ -$ 3,306,128$
<br /> Accrued interest receivable 21,080 - - -
<br /> Interfund loan receivable 496,985 - - -
<br /> Due from other governmental units - net 33,542 - - -
<br /> Accounts receivable - net 14,498 - - 533,106
<br /> Prepaid items 6,904 - - -
<br /> Delinquent property taxes receivable 55,150 - - -
<br /> Due from county 38,669 - 23,408 -
<br /> Special assessments receivable:
<br /> Deferred - - 354,637 -
<br /> Delinquent - - 28,378 -
<br /> Special deferred - - 265,923 -
<br /> Notes receivable - - - -
<br /> Property held for resale - 2,800 - 30,000
<br /> Total assets 3,340,567$ 86,847$ 672,346$ 3,869,234$
<br />Liabilities:
<br /> Accounts payable 45,111$ -$ -$ 16,136$
<br /> Salaries payable 23,189 - - -
<br /> Contracts payable - - - 54,356
<br /> Due to other governmental units 12,890 - - -
<br /> Deposits payable 2,363 - - -
<br /> Interfund loan payable - 56,871 250,895 -
<br /> Unearned revenue - - - 573,786
<br /> Total liabilities 83,553 56,871 250,895 644,278
<br />Deferred inflows of resources:
<br /> Unavailable revenue - property taxes 55,150 - - -
<br /> Unavailable revenue - special assessments - - 648,938 -
<br /> Unavailable revenue - other - - - 533,106
<br /> Total deferred inflows of resources 55,150 - 648,938 533,106
<br />Fund balances (deficits):
<br /> Nonspendable:
<br /> Prepaid items 6,904 - - -
<br /> Advances to other funds 496,985 - - -
<br /> Restricted - - - 78,000
<br /> Committed - 29,976 - -
<br /> Assigned 68,500 - - 2,613,850
<br /> Unassigned 2,629,475 - (227,487) -
<br /> Total fund balances (deficits)3,201,864 29,976 (227,487) 2,691,850
<br />Total liabilities, deferred inflows of resources,
<br />and fund balances 3,340,567$ 86,847$ 672,346$ 3,869,234$
<br />36
<br />The accompanying notes are an integral part of these basic financial statements.
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