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CITY OF LITTLE CANADA, MINNESOTA CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) (94) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Revenues:Taxes2,730,953$ 2,846,061$ 2,904,266$ 3,009,596$ 3,030,586$ 3,294,816$ 3,398,344$ 3,519,584$ 3,594,163$ 3,763,796$ Franchise Tax336,567 125,594 127,865 133,804 135,557 480,454 477,274 477,184 483,758 469,042 Tax Increment Collections1,006,339 1,016,898 913,126 1,217,988 932,165 467,862 538,791 570,105 709,350 727,497 Special Assessments1,047,045 1,380,810 1,092,822 1,302,179 1,022,706 985,904 680,632 974,538 708,476 803,397 Licenses and Permits219,861 562,968 716,247 904,927 643,841 300,059 497,295 221,328 195,101 562,379 Intergovernmental702,837 537,770 580,382 2,289,007 591,857 644,422 729,203 4,015,015 1,103,216 1,522,656 Charges for Services640,900 467,915 509,380 519,062 474,145 487,175 555,480 552,607 627,845 613,645 Fines and Forfeits46,705 46,571 40,325 42,311 44,707 48,569 49,408 24,151 40,440 45,911 Investment Earnings128,565 490,497 302,870 286,814 316,795 299,521 530,625 442,497 6,649 (301,608) Connection Charges- - - - - - 51,120 260 1,200 - Contributions & Donations150,929 102,235 136,826 294,559 102,107 140,461 239,716 197,168 254,825 466,810 Miscellaneous1,753,297 193,005 810,513 1,180,067 2,824,153 293,261 755,184 1,200,313 103,044 564,019 Total Revenues8,763,998 7,770,324 8,134,622 11,180,314 10,118,619 7,442,504 8,503,072 12,194,750 7,828,067 9,237,544 Expenditures:General Government1,199,753 610,946 532,783 725,713 964,130 1,414,365 515,613 575,115 657,298 688,102 Housing & Economic Development- - - - - - 690,771 226,265 282,710 271,771 Public Safety1,821,496 1,914,846 1,976,340 2,029,462 2,185,949 2,311,243 2,492,581 2,557,076 2,463,411 2,527,832 Public Works1,597,274 348,496 465,709 424,927 533,914 460,543 484,906 514,870 463,823 567,401 Sanitation and Recycling- - - - - - 413,046 448,249 462,250 476,404 Culture and Recreation995,854 908,230 919,326 925,496 899,477 1,515,483 572,853 554,358 612,420 696,872 Capital Outlay2,447,618 4,773,436 3,944,063 6,469,797 3,186,475 1,579,493 1,943,411 5,283,521 1,758,160 3,361,857 Debt Service:Principal528,406 525,100 690,792 876,470 622,069 1,863,094 1,268,077 301,859 299,237 308,549 Interest411,671 369,763 475,330 428,465 362,261 318,745 244,372 176,764 134,339 103,929 Fiscal Charges2,722 22,020 21,615 625 447 1,290 950 950 950 950 Miscellaneous- 72,776 45,280 - - 477 8,327 1,068 1,038 995 Total Expenditures9,004,794 9,545,613 9,071,238 11,880,955 8,754,722 9,464,733 8,634,907 10,640,095 7,135,636 9,004,662 Excess (Deficiency) of Revenues Over (Under) Expenditures(240,796) (1,775,289) (936,616) (700,641) 1,363,897 (2,022,229) (131,835) 1,554,655 692,431 232,882 Other Financing Sources (Uses):Transfers In2,270,044 1,025,322 1,956,117 1,801,318 1,713,060 1,185,418 1,916,745 1,200,585 1,699,798 2,623,682 Transfers Out(1,970,044) (725,322) (1,656,117) (1,501,318) (1,413,060) (885,418) (1,616,745) (900,585) (1,399,798) (2,248,682) Bonds Issued- 3,400,000 1,335,000 - - - - - - - Premium on Bonds Issued- 82,931 21,847 - - - - - - - Payment to Refunded Bond Escrow- - - (1,400,000) - - - - - - Sales of Capital Assets- 1,000 5,000 508,556 74,101 85,000 34,500 40,000 159,775 498,543 Total Other Financing Sources (Uses)300,000 3,783,931 1,661,847 (591,444) 374,101 385,000 334,500 340,000 459,775 873,543 Net Change in Fund Balances59,204$ 2,008,642$ 725,231$ (1,292,085)$ 1,737,998$ (1,637,229)$ 202,665$ 1,894,655$ 1,152,206$ 1,106,425$ Debt Service as a Percentage of Noncapital Expenditures16.1% 15.6% 21.9% 23.3% 16.3% 26.5% 20.3% 6.8% 7.9% 6.9%
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