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<br />CITY OF LITTLE CANADA
<br />COUNTY OF RAMSEY
<br />STATE OF MINNESOTA
<br />
<br />RESOLUTION NO. 2023-11-139
<br />
<br />ADOPTING A 2024 BUDGET FOR THE CITY OF LITTLE CANADA
<br /> WHEREAS, the City Code of the City of Little Canada requires that an annual fiscal budget be provided
<br />annually to the City Council by the City Administrator including projected revenues and sources and all proposed
<br />expenditures to be made and obligations to be incurred by the City in the forthcoming fiscal year; and
<br />
<br /> WHEREAS, the proposed 2024 budget has been reviewed by the City Council at various public
<br />workshops and City Council meetings; and
<br />
<br /> NOW THEREFORE BE IT RESOLVED, the City Council of the City of Little Canada, County of
<br />Ramsey, State of Minnesota, hereby certifies the 2024 budget as follows:
<br />2021 2022 2023 2024 $ Increase % Increase
<br />ACTUAL ACTUAL BUDGET BUDGET (Decrease)(Decrease)
<br />
<br />Revenues
<br />General Fund 4,088,982$ 4,400,790$ 4,855,153$ 5,857,835$ 1,002,682$ 20.65%
<br />Special Revenue Funds 668,890 769,020 712,813 737,526 24,713 3.47%
<br />Debt Service Funds 730,826 605,785 531,987 534,417 2,430 0.46%
<br />Capital Project Funds-Other 3,492,760 2,181,577 5,832,483 1,945,989 (3,886,494) -66.64%
<br />Capital Project Funds-TIF 706,182 718,575 730,517 779,552 49,035 6.71%
<br />Enterprise Funds 3,535,655 3,740,860 4,221,661 5,100,405 878,744 20.82%
<br />Internal Service Fund - 293,015 319,210 377,639 58,429 18.30%
<br /> Total Revenues 13,223,295 12,709,622 17,203,824 15,333,363 (1,870,461) -10.87%
<br />Expenditures
<br />General Fund 4,945,016 4,400,790 4,855,153 5,857,835 1,002,682 20.65%
<br />Special Revenue Funds 629,033 737,760 782,021 847,163 65,142 8.33%
<br />Debt Service Funds 415,160 405,250 403,344 390,789 (12,555) -3.11%
<br />Capital Project Funds-Other 2,075,624 4,285,635 8,111,134 4,216,196 (3,894,938) -48.02%
<br />Capital Project Funds-TIF 470,603 431,635 448,174 398,682 (49,492) -11.04%
<br />Enterprise Funds 3,593,955 4,224,315 4,589,361 5,674,746 1,085,385 23.65%
<br />Internal Service Fund - 297,550 323,710 382,139 58,429 18.05%
<br /> Total Expenditures 12,129,391 14,782,935 19,512,897 17,767,550 (1,745,347) -8.94%
<br /> Net Changes in Fund Balan 1,093,904$ (2,073,313)$ (2,309,073)$ (2,434,187)$
<br />CITY OF LITTLE CANADA ANNUAL BUDGET
<br />BUDGET SUMMARY ALL FUNDS
<br />BY FUND TYPE
<br /> Adopted this 29th day of November, 2023.
<br />
<br /> _______________________________
<br /> Thomas Fischer, Mayor
<br />Attest:
<br />
<br />___________________________________
<br />Christopher Heineman, City Administrator
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