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CITY OF LITTLE CANADA
<br />GENERAL FUND QUARTERLY FINANCIAL REPORT
<br />THROUGH MARCH 31, 2023 WITH COMPARISON TO MARCH 31, 2022
<br />General Fund
<br />Budget YTD % of Budget Budget YTD % of Budget Highlights/Comments
<br />Revenues:
<br />Taxes 3,786,436 5,110 0.13%3,392,230 0 0.00%Tax revenues are paid in 3 instalments (June/ July, October/November and a final settlement in January of the following year)
<br />Licenses 54,880 1,445 2.63%63,225 2,859 4.52%Comparable with PY, historically collected in Q2 and Q3
<br />Liquor Licenses 47,162 0 0.00%47,730 35 0.07%Comparable with PY, historically collected in Q2 and Q3
<br />Permits 304,360 49,778 16.36%212,200 63,705 30.02%Comparable with PY, one large permit pulled in 2022 for construction of a warehouse/office new construction 2055 Spruce St
<br />Charges for Services 28,639 8,383 29.27%24,090 4,570 18.97%Increase in rentals from Ramsey County for the Old Fire Station in 2023
<br />Fines 40,000 10,827 27.07%44,000 9,345 21.24%Comparable with PY
<br />Intergovernmental Revenue 275,478 68,795 24.97%287,518 72,787 25.32%First Distribution of MSA funds, comparable with PY
<br />Investment Income 23,800 0 0.00%36,100 545 1.51%Will be allocated at year end
<br />Miscellaneous 185,265 2,614 1.41%187,297 1,469 0.78%Sherifs credit and Falcon Heights Inspection anticipated in Q2
<br />Transfers In 109,134 - 0.00%106,400 - 0.00%Transfers done at year end
<br />Total Revenues 4,855,154 146,952 3.03%4,400,790 155,314 3.53%
<br />Expenditures
<br />Mayor & Council 99,589 21,527 21.62%93,900 21,915 23.34%
<br />Elections 33,000 6,950 21.06%33,000 0 0.00%PY first quarte payment in May versus January in 2023
<br />Administration 393,558 60,914 15.48%230,600 49,036 21.26%Opt Out Quartely JE not yet posted approximately 10 K will be reclassed to Fund 700 Insurance Fund
<br />Attorney 95,500 13,896 14.55%95,500 11,060 11.58%
<br />Engineer 31,100 2,830 9.10%28,000 1,675 5.98%
<br />Planning 190,108 37,481 19.72%172,120 30,472 17.70%
<br />Insurance 45,390 0 0.00%38,790 9,698 25.00%Need to post the Quartely Insurance Allocation
<br />City Center 38,800 7,044 18.15%31,700 7,161 22.59%
<br />Old Fire Hall 10,600 2,925 27.59%8,400 1,964 23.38%
<br />Police 1,894,299 460,566 24.31%1,801,685 437,609 24.29%Trending within Expectation
<br />Fire Department 523,840 231,595 44.21%479,185 211,461 44.13%Q1 and Q2 paid - Trending within Expectation
<br />Fire Marshal 15,950 3,026 18.97%15,200 1,688 11.11%
<br />Protective Inspections 282,166 52,227 18.51%235,030 58,452 24.87%
<br />Emergency Service/Civil Defense 3,895 281 7.21%2,910 98 3.38%
<br />Animal Control 3,370 0 0.00%3,370 0 0.00%
<br />Streets 376,458 74,283 19.73%341,680 81,989 24.00%
<br />Storm Water 19,990 177 0.89%16,490 -162 -0.98%
<br />Street Lighting 71,630 17,832 24.89%65,300 11,616 17.79%Electricity cost higher in 2023
<br />Recycling/Sanitation 32,140 4,476 13.93%31,640 3,501 11.06%
<br />City Garage 49,669 14,394 28.98%37,445 12,087 32.28%
<br />Parks & Recreation 579,338 96,649 16.68%530,270 101,018 19.05%
<br />Community Partnerships 29,764 23,214 77.99%30,095 22,309 74.13%
<br />Shade Trees 20,000 7,600 38.00%10,000 0 0.00%Removed trees
<br />Transfers Out 0 0 #DIV/0!0 0 #DIV/0!
<br />Contingency 15,000 - 0.00%68,480 - 0.00%
<br />Total Expenditures 4,855,154 1,139,886 23.48%4,400,790 1,074,646 24.42%
<br />Rev. over/(under) expenditures - (992,934) - (919,332)
<br />2023 2022
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