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CITY OF LITTLE CANADA, MINNESOTA <br />MANAGEMENT’S DISCUSSION AND ANALYSIS <br />YEAR ENDED DECEMBER 31, 2022 <br /> <br /> <br /> <br />(20) <br /> <br />Business-Type Activities <br />Business-type activities had an overall increase in net position of $26,359. The increase in net position <br />is a result of current year operations. One of the biggest expenses is depreciation (noncash expense) <br />within the water and sewer funds. In total for the water and sewer funds combined operating costs <br />increased $288,955. An increase of $96,345 relates to purchased water charges from the St Paul <br />Regional Water Services. The City offset this increase with a modest 4.2% increase in water rates <br />during the year. Additional increases in expenses are due to an increase of $85,333 in personnel cost, <br />primarily related to a 3.3% COLA increase, and a $117,981 increase in supplies, services, and other <br />charges. <br /> <br />Program Expenses and Revenues – Business-Type Activities <br /> <br />Ͳ <br />500,000 <br />1,000,000 <br />1,500,000 <br />2,000,000 <br />2,500,000 <br />Water Sewer <br />Expenses <br />ProgramRevenues <br /> <br /> <br /> <br />Charges for <br />Services <br />90% <br />Capital Grants and <br />Contributions <br />9% <br />Unrestricted <br />Investment Earnings <br />1% <br />Unrealized Gain <br />(Loss) on <br />Investments <br />0% <br /> <br />Financial Analysis of the Governmental Funds <br />Governmental Funds <br />The focus of the City of Little Canada’s governmental funds is to provide information on near-term <br />inflows, outflows, and balances of spendable resources. Such information is useful in assessing the