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City of Little Canada, Minnesota
<br />Statement of Revenues, Expenditures and
<br />Changes in Fund Balances
<br />Governmental Funds
<br />For the Year Ended December 31, 2023
<br />General Other
<br />Infrastructure Capital Governmental
<br />General CIP Improvements Funds Total
<br />Revenues
<br />General property taxes 3,900,681$ 159,845$ 35,085$ 159,999$ 4,255,610$
<br />Franchise fees -358,019 - 103,420 461,439
<br />Tax Increments - - - 789,954 789,954
<br />Licenses and permits 643,654 - - - 643,654
<br />Intergovernmental 768,089 1,674,807 1,142,387 814,347 4,399,630
<br />Charges for services 71,589 - - 1,263,446 1,335,035
<br />Fines and forfeits 28,364 - - - 28,364
<br />Special assessments 675 470,476 - 195,154 666,305
<br />Investment earnings 141,885 87,974 141,587 309,249 680,695
<br />Miscellaneous 127,893 45,143 72,774 299,059 544,869
<br />Total Revenues 5,682,830 2,796,264 1,391,833 3,934,628 13,805,555
<br />Expenditures
<br />Current
<br />General government 857,625 - 654 1,190 859,469
<br />Public safety 2,713,509 - - 250 2,713,759
<br />Public works 598,386 3,823 - 13,151 615,360
<br />Parks and recreation 599,524 - - 179,335 778,859
<br />Sanitation - - - 528,075 528,075
<br />Housing and economic development - - - 1,119,251 1,119,251
<br />Capital outlay
<br />General government - - 597,743 - 597,743
<br />Public safety - - - 72,966 72,966
<br />Public works - 3,533,198 71,653 196,544 3,801,395
<br />Parks and recreation - - 1,691,315 73,338 1,764,653
<br />Debt service
<br />Principal - - - 302,358 302,358
<br />Interest and other charges - - - 83,072 83,072
<br />Total Expenditures 4,769,044 3,537,021 2,361,365 2,569,530 13,236,960
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 913,786 (740,757) (969,532) 1,365,098 568,595
<br />Other Financing Sources (Uses)
<br />Proceeds from sale of capital assets - - 68,500 4,000 72,500
<br />Transfers in 101,209 - 174,800 907,741 1,183,750
<br />Transfers out - (29,800) - (720,750) (750,550)
<br />Total Other Financing
<br />Sources (Uses)101,209 (29,800) 243,300 190,991 505,700
<br />Net Changes in Fund Balances 1,014,995 (770,557) (726,232) 1,556,089 1,074,295
<br />Fund Balances, January 1 3,614,509 2,447,079 3,609,569 8,521,993 18,193,150
<br />Fund Balances, December 31 4,629,504$ 1,676,522$ 2,883,337$ 10,078,082$ 19,267,445$
<br />The notes to the financial statements are an integral part of this statement.
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