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2023 2022
<br />Revenues
<br />Taxes 4,255,610$ 3,763,796$ 13.07 %
<br />Franchise fees 461,439 469,042
<br />Tax Increments 789,954 727,497 8.59
<br />Licenses and permits 643,654 562,379 14.45
<br />Intergovernmental 4,399,630 1,522,656 188.94
<br />Charges for services 1,335,035 613,645 117.56
<br />Fines and forfeits 28,364 45,911 (38.22)
<br />Special assessments 666,305 803,397 (17.06)
<br />Investment earnings (loss)680,695 (301,608) N/A
<br />Miscellaneous 544,869 1,030,829 (47.14)
<br />Total Revenues 13,805,555$ 9,237,544$ 49.45 %
<br />Per capita 1,298$ 858$ 51.33 %
<br />Expenditures
<br />Current
<br />General government 859,469$ 688,102$ 24.90 %
<br />Public safety 2,713,759 2,527,832 7.36
<br />Public works 615,360 567,401 8.45
<br />Parks and recreation 778,859 696,872 11.77
<br />Sanitation 528,075 476,404 10.85
<br />Housing and economic development 1,119,251 271,771 311.84
<br />Capital outlay 6,236,757 3,361,857 85.52
<br />Debt service
<br />Principal 302,358 308,549 (2.01)
<br />Interest and other charges 83,072 105,874 (21.54)
<br />Total Expenditures 13,236,960$ 9,004,662$ 47.00 %
<br />Per capita 1,245$ 836$ 48.85 %
<br />Total Long-term indebtedness 2,536,241$ 2,848,957$ (10.98) %
<br />Per capita 239 265 (9.85)
<br />General Fund Balance - December 31 4,629,504$ 3,614,509$ 28.08 %
<br />Per capita 435 336 29.70
<br />The purpose of this report is to provide a summary of financial information concerning the City of Little Canada to interest
<br />citizens. The complete financial statements may be examined at City Hall, 515 Little Canada Road East, Little Canada,
<br />Minnesota 55117. Questions about his report should be directed to Sam Magureau, Finance Director, at (952)-882-2691.
<br />City of Little Canada, Minnesota
<br />Summary Financial Report
<br />Revenues and Expenditures For General Operations
<br />Governmental Funds
<br />(Decrease)
<br />Increase
<br />Percent
<br />Total
<br />For the Years Ended December 31, 2023 and 2022
<br />115
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