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CITY OF LITTLE CANADA, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2022
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(27)
<br />
<br /> General Total
<br />General Economic Capital Infrastructure Other Governmental
<br />Fund Development Improvements CIP Governmental Activities
<br />(101) (105)(400)(450) Funds 2022
<br />ASSETS
<br />Cash and Investments 3,107,587$ 741,621$ 4,154,499$ 2,493,013$ 6,819,297$ 17,316,017$
<br />Interfund Loan Receivable 551,577 - - - 33,770 585,347
<br />Accrued Interest Receivable 39,595 - - - - 39,595
<br />Accounts (Net of Allowance) 9,199 - 470,994 109,303 237,834 827,330
<br />Due from Other Governmental Units 39,659 - 126,257 168,632 - 334,548
<br />Property Taxes Receivable:
<br />Delinquent 62,246 - - 1,552 - 63,798
<br />Due from County 10,586 - - 372 6,610 17,568
<br />Delinquent Tax Increment - - - - 487 487
<br />Special Assessments Receivable
<br />Deferred - - - 1,625,356 447,429 2,072,785
<br />Delinquent - - - - 9,178 9,178
<br />Special Deferred - - - - - -
<br />Prepaid Items 23,052 - - - 675,449 698,501
<br />Property Held for Resale - 2,800 - - 701,015 703,815
<br />Total Assets 3,843,501$ 744,421$ 4,751,750$ 4,398,228$ 8,931,069$ 22,668,969$
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE
<br />LIABILITIES
<br />Accounts and Contracts Payable 49,246$ -$ 30,382$ 324,241$ 72,298$ 476,167$
<br />Accrued Salaries Payable 11,811 - - - - 11,811
<br />Interfund Loan Payable - - - - 585,347 585,347
<br />Due to Other Governmental Units 11,385 - - - 28,284 39,669
<br />Deposits 94,214 - - - - 94,214
<br />Unearned Revenue 90 - 640,805 - 4,351 645,246
<br />Total Liabilities 166,746 - 671,187 324,241 690,280 1,852,454
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue - Taxes 62,246 - - 1,552 6,610 70,408
<br />Unavailable Revenue - Special Assessments - - - 1,625,356 456,607 2,081,963
<br />Unavailable Revenue - Other - - 470,994 - - 470,994
<br />Total Deferred Inflows of Resources 62,246 - 470,994 1,626,908 463,217 2,623,365
<br />FUND BALANCE
<br />Nonspendable 574,629 - - - - 574,629
<br />Restricted - - 78,000 - 3,010,726 3,088,726
<br />Committed - 744,421 - - 720,334 1,464,755
<br />Assigned - - 3,531,569 2,447,079 4,430,385 10,409,033
<br />Unassigned 3,039,880 - - (383,873) 2,656,007
<br />Total Fund Balance 3,614,509 744,421 3,609,569 2,447,079 7,777,572 18,193,150
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Fund Balance 3,843,501$ 744,421$ 4,751,750$ 4,398,228$ 8,931,069$ 22,668,969$
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