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07-26-2023 Council Packet
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07-26-2023 Council Packet
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<br /> <br /> <br />This part of Little Canada, Minnesota’s Comprehensive Annual Financial Report <br />presents detailed information as a context for understanding what information in the <br />financial statements, note disclosures, and required supplementary information says <br />about City’s overall financial health. <br /> <br />Contents <br /> <br />Financial Trends <br />These schedules contain trend information to help the reader understand how the City’s <br />financial performance and well-being have changed over time. <br /> <br />Revenue Capacity <br />These schedules contain information to help the reader assess the City’s most <br />significant local revenue source, the property tax. <br /> <br />Debt Capacity <br />These schedules contain information to help the reader assess the affordability of the <br />City’s current level of outstanding debt and the City’s ability to issue additional debt in <br />the future. <br /> <br />Demographic and Economic Information <br />These schedules offer demographic and economic indicators to help the reader <br />understand the environment within the City which the City’s financial activities <br />take place. <br /> <br />Operating Information <br />These schedules contain service and infrastructure data to help the ready understand <br />how the information in the City’s financial report relates to services the City provides and <br />activities it performs. <br /> <br />Source: Unless otherwise noted, the information in these schedules is derived from the <br />CAFR for the relevant year. <br />
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