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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2021
<br />With Comparative Data for the Year Ended December 31, 2020
<br />Canabury Square General
<br />Economic Condominium Capital
<br />General Development HIA Improvements
<br />Revenues:Fund (105)(362)(400)
<br /> General property taxes 3,305,904$ -$ -$ -$
<br /> Franchise taxes - - - -
<br /> Excess tax increment taxes - - - 6,929
<br /> Tax increment collections - - - -
<br /> Special assessments 289 - 348,566 -
<br /> Licenses and permits 195,101 - --
<br /> Intergovernmental 313,069 - -347,927
<br /> Charges for services 81,287 18,875 - -
<br /> Fines and forfeits 40,440 - - -
<br /> Investment earnings (loss)12,687 (160) - (3,672)
<br /> Principal repayment - - - -
<br /> Connection charges - - - -
<br /> Contributions - - - -
<br /> Donations 9,674 - - 13,255
<br /> Miscellaneous 15,578 - - 42,409
<br /> Total revenues 3,974,029 18,715 348,566 406,848
<br />Expenditures:
<br /> Current:
<br /> General government 649,498 - 390 620
<br /> Housing and economic development - - - -
<br /> Public safety 2,463,411 - - -
<br /> Public works 421,403 - - -
<br /> Sanitation and recycling - - - -
<br /> Parks and recreation 510,704 - - -
<br /> Capital outlay:
<br /> General government - - - 57,488
<br /> Public safety - - - 186,409
<br /> Public works - - - 217,794
<br /> Parks and recreation - - - 281,193
<br /> Debt service:
<br /> Principal retirement - - 7,047 -
<br /> Interest - 2,159 18,543 -
<br /> Fiscal charges - -- -
<br /> Miscellaneous - -238 -
<br /> Total expenditures 4,045,016 2,159 26,218 743,504
<br />Revenues over (under) expenditures (70,987) 16,556 322,348 (336,656)
<br />Other financing sources (uses):
<br /> Transfers in 114,953 - - 908,867
<br /> Transfers out (900,000) - - -
<br /> Proceeds from the sale of capital assets - - - 159,775
<br /> Total other financing sources (uses)(785,047) - - 1,068,642
<br />Net increase (decrease) in fund balance (856,034) 16,556 322,348 731,986
<br />Fund balance - January 1 4,057,898 13,420 (549,835) 1,959,864
<br />Fund balance - December 31 3,201,864$ 29,976$ (227,487)$ 2,691,850$
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<br />The accompanying notes are an integral part of these basic financial statements.
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