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CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH DECEMBER 31, 2023 WITH COMPARISON TO DECEMBER 31, 2022General FundBudget YTD Available Budget % of Budget Budget YTD Available Budget % of BudgetHighlights/CommentsRevenues:Taxes 3,786,436.00$ 3,833,091.22$ (46,655.22)$ 101.23% 3,392,230.00$ 3,471,460.69$ (79,230.69)$ 102.34%Tax revenues are paid in 3 instalments (July, October/November and a final settlement in January of the following year)Licenses 54,880.00$ 55,548.72$ (668.72)$ 101.22% 63,225.00$ 54,603.00$ 8,622.00$ 86.36%Comparable with PY, historically collected in Q2 and Q3 (Hauler, Massage, Tattoo)Liquor Licenses 47,162.00$ 46,198.00$ 964.00$ 97.96% 47,730.00$ 46,268.00$ 1,462.00$ 96.94%Comparable with PY, historically collected in Q2 and Q3Permits 304,360.00$ 544,056.69$ (239,696.69)$ 178.75% 212,200.00$ 461,507.35$ (249,307.35)$ 217.49%One large permit current year pulled for Twin Lakes ‐ Eagle Building 51K and increase in other permits due to PY stormsCharges for Services 28,639.00$ 63,079.69$ (34,440.69)$ 220.26% 24,090.00$ 25,810.64$ (1,720.64)$ 107.14%Increase in rentals from Ramsey County for the Old Fire Station in 2023 and Reclass of PY revenues from escrowsFines 40,000.00$ 35,114.43$ 4,885.57$ 87.79% 44,000.00$ 45,911.24$ (1,911.24)$ 104.34%County traffic fines share to the City ‐ This revenue source can fluctuate based on ticketsIntergovernmental Revenue 275,478.00$ 765,153.20$ (489,675.20)$ 277.75% 287,518.00$ 335,919.52$ (48,401.52)$ 116.83%First Distribution of MSA funds, comparable with PY, 2023 includes collection of the MMB Police Aid $471,123 non budgeted. This was budgeted for collections in 2024Investment Income 23,800.00$ 141,885.06$ (118,085.06)$ 596.16% 36,100.00$ (35,498.66)$ 71,598.66$ ‐98.33%Includes 43K of Fair Market Value Adjustment due to more favorable market in 2023Miscellaneous 185,265.00$ 130,997.40$ 54,267.60$ 70.71% 187,297.00$ 179,415.26$ 7,881.74$ 95.79%Sheriff's credit and Falcon Heights Inspection reimbursement.Transfers In 109,134.00$ 101,209.60$ 7,924.40$ 92.74% 106,400.00$ 89,762.55$ 16,637.45$ 84.36%Transfers done at year end per budgetTotal Revenues 4,855,154.00$ 5,716,334.01$ (861,180.01)$ 117.74% 4,400,790.00$ 4,675,159.59$ (274,369.59)$ 106.23%ExpendituresMayor & Council 99,589.00$ 107,217.01$ (7,628.01)$ 107.66% 93,900.00$ 87,278.40$ 6,621.60$ 92.95%Additional Operating Supplies (business cards for new members), Begin Contracting for Council Meeting Minutes Contracted Services (Not budgeted)Elections 33,000.00$ 31,340.00$ 1,660.00$ 94.97% 33,000.00$ 32,956.12$ 43.88$ 99.87%Election Services to Ramsey County ‐ Comparable with PYAdministration 393,558.00$ 288,686.71$ 104,871.29$ 73.35% 230,600.00$ 225,910.91$ 4,689.09$ 97.97%2023 includes 100K of funds that were budgeted for exploring police alternatives. No funds were spent to date. Further, hired mid year Communication Manager only budgeted 35KAttorney 95,500.00$ 83,469.14$ 12,030.86$ 87.40% 95,500.00$ 80,941.70$ 14,558.30$ 84.76%Prosecution retainer and civil retainer ‐ Comparable with PYEngineer 31,100.00$ 74,681.18$ (43,581.18)$ 240.13% 28,000.00$ 34,991.64$ (6,991.64)$ 124.97%Engineering cost can differ to timing of projects and volume. More than anticipatedPlanning 190,108.00$ 182,279.33$ 7,828.67$ 95.88% 172,120.00$ 158,984.82$ 13,135.18$ 92.37%Insurance 45,390.00$ 45,390.00$ ‐$ 100.00% 38,790.00$ 38,790.00$ ‐$ 100.00%General Liability and Worker's CompCity Center 38,800.00$ 34,080.43$ 4,719.57$ 87.84% 31,700.00$ 31,218.38$ 481.62$ 98.48%Utilities and repairs & maintenance in 2023 under budgetOld Fire Hall 10,600.00$ 13,312.51$ (2,712.51)$ 125.59% 8,400.00$ 10,445.37$ (2,045.37)$ 124.35%Replaced Boiler Backflow Preventer in 2023Police 1,894,299.00$ 1,869,298.20$ 25,000.80$ 98.68% 1,801,685.00$ 1,776,681.84$ 25,003.16$ 98.61%Ramsey County Sheriff's ‐ Comparable with PY and within expectation. Placeholder 25K for Hoggsbreath, removed from budget in 2024Fire Department 523,840.00$ 544,547.40$ (20,707.40)$ 103.95% 479,185.00$ 497,487.49$ (18,302.49)$ 103.82%Q1 ‐ Q4 paid ‐ Trending within Expectation. Pension State Contribution is estimated lower during budgetFire Marshal 15,950.00$ 14,608.45$ 1,341.55$ 91.59% 15,200.00$ 11,007.19$ 4,192.81$ 72.42%Increased fire Inspector hours in 2023Protective Inspections 282,166.00$ 278,775.03$ 3,390.97$ 98.80% 235,030.00$ 238,374.76$ (3,344.76)$ 101.42%Emergency Service/Civil Defense 3,895.00$ 3,911.27$ (16.27)$ 100.42% 2,910.00$ 2,174.56$ 735.44$ 74.73%Annual fire Extinguisher test not in PY and Siren Repair in September for $1,300Animal Control 3,370.00$ 1,010.00$ 2,360.00$ 29.97% 3,370.00$ 2,105.00$ 1,265.00$ 62.46%Streets 376,458.00$ 378,746.50$ (2,288.50)$ 100.61% 341,680.00$ 321,383.83$ 20,296.17$ 94.06%Comparable with prior year. More vehicle repairs in 2023. In 2022 purchased plow blades and Tool Cat Fleil MowerStorm Water 19,990.00$ 7,622.71$ 12,367.29$ 38.13% 16,490.00$ 7,706.56$ 8,783.44$ 46.73%2023 Under Budget. 2022 Ditch Cleanning on MorrisonStreet Lighting 71,630.00$ 78,054.37$ (6,424.37)$ 108.97% 65,300.00$ 65,090.79$ 209.21$ 99.68%Electricity cost higher in 2023Recycling/Sanitation 32,140.00$ 31,137.01$ 1,002.99$ 96.88% 31,640.00$ 22,808.57$ 8,831.43$ 72.09%Higher cost in 2023 for Newsletter printingCity Garage 49,669.00$ 52,141.91$ (2,472.91)$ 104.98% 37,445.00$ 48,701.56$ (11,256.56)$ 130.06%Parks & Recreation 579,338.00$ 576,634.61$ 2,703.39$ 99.53% 530,270.00$ 523,759.47$ 6,510.53$ 98.77%Compareble to PY and BudgetCommunity Partnerships 29,764.00$ 23,708.39$ 6,055.61$ 79.65% 30,095.00$ 23,070.66$ 7,024.34$ 76.66%Shade Trees 20,000.00$ 56,238.77$ (36,238.77)$ 281.19% 10,000.00$ 20,649.52$ (10,649.52)$ 206.50%More than anticipated EAB trees in 2023 than budgetedTransfers Out‐$ ‐$ #DIV/0!‐$ ‐$ #DIV/0!Contingency 15,000.00$ ‐$ 15,000.00$ 0.00% 68,480.00$ ‐$ 68,480.00$ 0.00%Total Expenditures 4,855,154.00$ 4,776,890.93$ 78,263.07$ 98.39% 4,400,790.00$ 4,262,519.14$ 138,270.86$ 96.86%Rev. over/(under) expenditures‐$ 939,443.08$ ‐$ 412,640.45$ 2023 2022
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