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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2022
<br />
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<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(29)
<br />
<br />General Total
<br /> Economic Capital Infrastructure Other Governmental
<br />General Development Improvements CIP Governmental Activities
<br />Fund (105)(400)(450)Funds 2022
<br />REVENUE
<br />Property Taxes 3,471,385$ -$ 11,890$ 121,473$ 159,048$ 3,763,796$
<br />Franchise Tax - - - 358,954 110,088 469,042
<br />Tax Increment Collections - - 23,861 - 703,636 727,497
<br />Special Assessments 75 - - 466,222 337,100 803,397
<br />Licenses and Permits 562,379 - - - - 562,379
<br />Intergovernmental Revenue 335,920 - 980,952 205,784 - 1,522,656
<br />Charges for Services 26,345 - - 300 587,000 613,645
<br />Fines and Forfeitures 45,911 - - - - 45,911
<br />Investment Earnings (35,498) (2,445) (75,402) (64,838) (123,425) (301,608)
<br />Connection Charges - - - - - -
<br />Contributions - - - - 262,126 262,126
<br />Donations 167,418 - - - 37,266 204,684
<br />Miscellaneous Revenue 11,462 46,599 472,774 30,158 3,026 564,019
<br />Total Revenue 4,585,397 44,154 1,414,075 1,118,053 2,075,865 9,237,544
<br />EXPENDITURES
<br />Current:
<br />General Government 655,924 - 550 1,850 29,778 688,102
<br />Housing and Economic Development - - - - 271,771 271,771
<br />Public Safety 2,527,832 - - - - 2,527,832
<br />Public Works 521,484 - - 17,158 28,759 567,401
<br />Sanitation and Recycling - - - - 476,404 476,404
<br />Parks and Recreation 557,275 - - - 139,597 696,872
<br />Capital Outlay:-
<br />General Government - - 26,985 - - 26,985
<br />Public Safety - - - - - -
<br />Public Works - - 113,548 2,007,917 345,291 2,466,756
<br />Parks and Recreation - - 868,116 - - 868,116
<br />Debt Service:
<br />Principal Retirement - - - - 308,549 308,549
<br />Interest and Fiscal Charges - 2,545 - - 101,384 103,929
<br />Fiscal Charges - - - - 950 950
<br />Miscellaneous - - - 995 995
<br />Total Expenditures 4,262,515 2,545 1,009,199 2,026,925 1,703,478 9,004,662
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br /> (UNDER) EXPENDITURES 322,882 41,609 404,876 (908,872) 372,387 232,882
<br />OTHER FINANCE SOURCES (USES)
<br />Transfers In 89,763 672,836 14,300 - 1,846,783 2,623,682
<br />Transfers Out - - - (14,300) (2,234,382) (2,248,682)
<br />Proceeds from Sale of Capital Assets - - 498,543 - - 498,543
<br />Total Other Finance Sources (Uses)89,763 672,836 512,843 (14,300) (387,599) 873,543
<br />NET CHANGE IN FUND BALANCES 412,645 714,445 917,719 (923,172) (15,212) 1,106,425
<br />FUND BALANCES
<br />Beginning of Year 3,201,864 29,976 2,691,850 3,370,251 7,792,784 17,086,725
<br />End of Year 3,614,509$ 744,421$ 3,609,569$ 2,447,079$ 7,777,572$ 18,193,150$
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