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RESOLUTION NO. 2022-12-142
<br />RESOLUTION ADOPTING A 2023 BUDGET
<br />FOR THE CITY OF LITTLE CANADA
<br />WHEREAS, the City Code of the City of Little Canada requires that an annual fiscal budget be
<br />provided annually to the City Council by the City Administrator including projected revenues and sources
<br />and all proposed expenditures to be made and obligations to be incurred by the City in the forthcoming
<br />fiscal year; and
<br />WHEREAS, the proposed 2023 budget has been reviewed by the City Council at various public
<br />workshops and City Council meetings; and
<br />NOW THEREFORE BE IT RESOLVED, the City Council of the City of Little Canada, County of
<br />Ramsey, State of Minnesota, hereby certifies the 2023 budget as follows:
<br />2022 2023 $ Increase % Increase
<br />BUDGET BUDGET (Decrease)(Decrease)
<br />Revenues
<br />General Fund 4,400,790$ 4,855,153$ 454,363$ 10.32%
<br />Special Revenue Funds 769,020 712,813 (56,207) -7.31%
<br />Debt Service Funds 605,785 531,987 (73,798) -12.18%
<br />Capital Project Funds-Other 2,181,577 5,832,483 3,650,906 167.35%
<br />Capital Project Funds-TIF 718,575 730,517 11,942 1.66%
<br />Enterprise Funds 3,740,860 4,221,661 480,801 12.85%
<br />Internal Service Fund 293,015 319,210 26,195 8.94%
<br /> Total Revenues 12,709,622 17,203,823 4,494,201 35.36%
<br />Expenditures
<br />General Fund 4,400,790 4,855,153 454,363 10.32%
<br />Special Revenue Funds 737,760 782,021 44,261 6.00%
<br />Debt Service Funds 405,250 403,344 (1,906) -0.47%
<br />Capital Project Funds-Other 4,285,635 8,111,134 3,825,499 89.26%
<br />Capital Project Funds-TIF 431,635 448,174 16,539 3.83%
<br />Enterprise Funds 4,224,315 4,589,361 365,046 8.64%
<br />Internal Service Fund 297,550 323,710 26,160 8.79%
<br /> Total Expenditures 14,782,935 19,512,897 4,729,962 32.00%
<br /> Net Changes in Fund Balance (2,073,313)$ (2,309,073)$
<br />CITY OF LITTLE CANADA ANNUAL BUDGET
<br />BUDGET SUMMARY ALL FUNDS
<br />BY FUND TYPE
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