Laserfiche WebLink
City of Little Canada, Minnesota <br />Annual Comprehensive Financial Report <br />Table of Contents <br />For the Year Ended December 31, 2023 <br />Page No. <br />Introductory Section <br />Letter of Transmittal 11 <br />City Directory 18 <br />Organizational Chart 19 <br />GFOA Certificate of Achievement for Excellence in Financial Reporting 20 <br />Financial Section <br />Independent Auditor’s Report 23 <br />Management’s Discussion and Analysis 27 <br />Basic Financial Statements <br />Government-wide Financial Statements <br />Statement of Net Position 43 <br /> Statement of Activities 44 <br />Fund Financial Statements <br />Governmental Funds <br />Balance Sheet 48 <br />Reconciliation of the Balance Sheet to the Statement of Net Position 49 <br />Statement of Revenues, Expenditures and Changes in Fund Balances 50 <br />Reconciliation of the Statement of Revenues, Expenditures and Changes in <br />Fund Balances of Governmental Funds to the Statement of Activities 51 <br />General Fund <br /> Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 53 <br />Proprietary Funds <br />Statement of Net Position 54 <br />Statement of Revenues, Expenses and Changes in Net Position 56 <br />Statement of Cash Flows 57 <br />Notes to the Financial Statements 59 <br />Required Supplementary Information <br />Schedule of Employer’s Share of Public Employees Retirement Association Net Pension Liability - <br /> General Employees Retirement Fund 86 <br />Schedule of Employer’s Public Employees Retirement Association Contributions - <br /> General Employees Retirement Fund 86 <br />Notes to the Required Supplementary Information - General Employees Retirement Fund 87 <br />5