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CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH DECEMBER 31, 2022 WITH COMPARISON TO DECEMBER 31, 2021General FundBudget YTD % of Budget Budget YTD % of BudgetHighlights/CommentsRevenues:Taxes 3,392,230 3,471,461 102.34% 3,217,627 3,306,193 102.75%Trending as expected and consistent with prior yearsLicenses 63,225 54,603 86.36% 63,225 51,810 81.94%In line with expectations and consistent with prior yearsLiquor Licenses 47,730 46,268 96.94% 47,730 25,412 53.24%2022 In Line with Budget and expectation for collections. 2021 reflect fee reductions granted due to the pandemicPermits 212,200 460,507 217.02% 175,900 117,880 67.02%Twin Lake Apts project and increase roofing and siding permits due to hail stormsCharges for Services 24,090 25,876 107.41% 24,089 16,686 69.27%2022 increase due to ability to rent facilitiesFines 44,000 39,188 89.06% 44,000 40,439 91.91%County Fines, estimated budget, In line with expectationsIntergovernmental Revenue 287,518 335,920 116.83% 287,518 313,069 108.89%MSA State Aid and Fire Relief higher than anticipated. Fire Relief is passthrough revenues matches the expenditure. Investment Income 36,100‐32,557‐90.19% 37,600 12,687 33.74%2022 Fair Market Value adjustment much higher than in prior year due to investments FMV lower than principalMiscellaneous 187,297 179,500 95.84% 181,783 89,853 49.43%2022 includes the Sheriff's Reimbursement for 2021 Transfers In 106,400 89,762.55 84.36% 118,400 114,953.00 97.09%Less TIF Admin fees than budgeted due to less staff time spent on TIF'sTotal Revenues 4,400,790 4,670,528 106.13% 4,197,872 4,088,981 97.41%ExpendituresMayor & Council 93,900 87,278 92.95% 91,220 87,315 95.72%Elections 33,000 32,956 99.87% 31,600 31,721 100.38%Trending as expected and consistent with prior yearsAdministration 230,600 225,260 97.68% 207,745 206,933 99.61%Trending as expected and consistent with prior yearsAttorney 95,500 80,942 84.76% 95,500 77,316 80.96%Trending as expected and consistent with prior yearsEngineer 28,000 33,679 120.28% 24,000 32,401 135.00%Used Engineering services more than anticipated , comparable with PYPlanning 172,120 152,746 88.74% 184,830 181,272 98.07%Less personnel. One employee on short time disability beginning of the yearInsurance 38,790 38,790 100.00% 38,930 38,930 100.00%City Center 31,700 31,088 98.07% 31,370 26,010 82.91%Higher cost for Electric/Gas/Water in 2022Old Fire Hall 8,400 10,093 120.16% 8,200 6,245 76.15%Higher cost for Electric/Gas/Water in 2022Police 1,801,685 1,776,682 98.61% 1,788,317 1,761,173 98.48%Trending as expected and consistent with prior yearsFire Department 479,185 497,487 103.82% 462,875 473,866 102.37%Trending as expected and consistent with prior years. PERA estimated Low ‐ passthrough expenditure matches revenuesFire Marshal 15,200 11,007 72.42% 18,000 6,886 38.26%Fire Marshall in house vs contracted in 2021Protective Inspections 235,030 238,585 101.51% 217,810 217,088 99.67%Trending as expected and consistent with prior yearsEmergency Service/Civil Defense 2,910 2,175 74.73% 2,860 2,249 78.63%Trending as expected and consistent with prior yearsAnimal Control 3,370 2,105 62.46% 3,370 2,149 63.77%Trending as expected and consistent with prior yearsStreets 341,680 320,348 93.76% 309,340 247,251 79.93%Under budget for Ramsey County Striping and SealcoatingStorm Water 16,490 7,707 46.73% 14,290 1,602 11.21%Under budget for repair & MaintenanceStreet Lighting 65,300 65,091 99.68% 64,800 61,480 94.88%Trending as expected and consistent with prior yearsRecycling/Sanitation 31,640 22,809 72.09% 32,840 25,646 78.09%Trending as expected and consistent with prior yearsCity Garage 37,445 48,702 130.06% 36,560 35,455 96.98%Higher cost for Electric/Gas/Water in 2022Parks & Recreation 530,270 523,360 98.70% 507,020 483,510 95.36%Trending as expected and consistent with prior yearsCommunity Partnerships 30,095 23,071 76.66% 27,895 20,949 75.10%Northeast Youth & Family Services contract Shade Trees 10,000 20,650 206.50% 6,000 17,570 292.83%Includes the ash trees removed due EAB Transfers Out 0 6,239 #DIV/0! 0 900,000 #DIV/0!Write off developer balance in fund 803Contingency 68,480‐ 0.00% 15,000‐ 0.00%Total Expenditures 4,400,790 4,258,847 96.77% 4,220,372 4,945,015 117.17%Rev. over/(under) expenditures‐ 411,681 (22,500) (856,034) 2022 2021
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