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City of Little Canada, Minnesota
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures and
<br />Changes in Fund Balances
<br />For the Year Ended December 31, 2023
<br />Special Debt Capital
<br />Revenue Service Projects Total
<br />Revenues
<br />Taxes
<br />General property -$ -$ 159,999$ 159,999
<br />Tax increment - - 789,954 789,954
<br />Franchise fees 103,420 - - 103,420
<br />Intergovernmental 760,256 - 54,091 814,347
<br />Charges for services 629,979 - 633,467 1,263,446
<br />Special assessments - 193,628 1,526 195,154
<br />Investment earnings 59,163 7,492 242,594 309,249
<br />Miscellaneous
<br />Contributions and donations 7,007 - - 7,007
<br />Other 48,530 - 243,522 292,052
<br />Total Revenues 1,608,355 201,120 2,125,153 3,934,628
<br />Expenditures
<br />Current
<br />General government - 1,190 - 1,190
<br />Public safety - - 250 250
<br />Public works - - 13,151 13,151
<br />Parks and recreation 164,071 - 15,264 179,335
<br />Sanitation 528,075 - - 528,075
<br />Housing and economic development 760,256 - 358,995 1,119,251
<br />Capital outlay
<br />Public safety - - 72,966 72,966
<br />Public works - - 196,544 196,544
<br />Culture and recreation - - 73,338 73,338
<br />Debt service
<br />Principal - 302,358 - 302,358
<br />Interest and other charges - 83,072 - 83,072
<br />Total Expenditures 1,452,402 386,620 730,508 2,569,530
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 155,953 (185,500) 1,394,645 1,365,098
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital assets - - 4,000 4,000
<br />Transfers in - 377,651 530,090 907,741
<br />Transfers out (88,155) - (632,595) (720,750)
<br />Total Other Financing Sources (Uses)(88,155) 377,651 (98,505) 190,991
<br />Net Change in Fund Balances 67,798 192,151 1,296,140 1,556,089
<br />Fund Balances, January 1 1,464,755 114,261 6,942,977 8,521,993
<br />Fund Balances, December 31 1,532,553$ 306,412$ 8,239,117$ 10,078,082$
<br />93
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