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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
<br />PROPRIETARY FUNDS
<br />YEAR ENDED DECEMBER 31, 2022
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(32)
<br />
<br />Governmental
<br />Activities-
<br />Insurance
<br />Water Sewer 2022 Internal Service
<br />(601) (602/603) Totals Fund (700)
<br />OPERATING REVENUE
<br />General Customers 1,851,568$ 1,656,428$ 3,507,996$ 292,455$
<br />Other 1,538 - 1,538 -
<br />Meter Sales 10,129 - 10,129 -
<br />Total Operating Revenue 1,863,235 1,656,428 3,519,663 292,455
<br />OPERATING EXPENSES
<br />Personnel Services 358,902 363,921 722,823 169,966
<br />MCES - Sewer Service Charge - 933,746 933,746 -
<br />Purchased Water 1,171,127 - 1,171,127 -
<br />Supplies, Services, and Other Charges 184,752 158,758 343,510 -
<br />Insurance and Claims - - - 127,334
<br />Depreciation 252,963 158,741 411,704 -
<br />Total Operating Expenses 1,967,744 1,615,166 3,582,910 297,300
<br />OPERATING Income (LOSS)(104,509) 41,262 (63,247) (4,845)
<br />NONOPERATING REVENUE
<br />Investment Earnings 28,798 (27,241) 1,557 -
<br />Rental of City Property 92,269 - 92,269 -
<br />Miscellaneous Revenue 892 3,152 4,044 -
<br />Total Nonoperating Revenue 121,959 (24,089) 97,870 -
<br />INCOME (LOSS) BEFORE TRANSFERS
<br /> AND CAPITAL CONTRIBUTIONS 17,450 17,173 34,623 (4,845)
<br />Transfers Out (225,000) (150,000) (375,000) -
<br />Capital Contributions 56,771 312,431 369,202 -
<br />CHANGES IN NET POSITION (150,779) 179,604 28,825 (4,845)
<br />NET POSITION
<br />Beginning of Year 5,098,090 5,064,982 10,163,072 49,646
<br />End of Year 4,947,311$ 5,244,586$ 10,191,897$ 44,801$
<br />Adjutsment to reflect the consolidation of internal
<br />services fund activities to related enterprise funds (2,466)
<br />Change in net position of business-type activities 26,359
<br />Business-Type Activities
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