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Governmental
<br />Activities -
<br />Insurance
<br />601 602 Internal
<br />Water Sewer Totals Service Fund
<br />Operating Revenues
<br />Sales 2,038,816$ 1,746,524$ 3,785,340$ 320,271$
<br />Meter sales 21,318 - 21,318 -
<br />Other revenue 1,950 - 1,950 -
<br />Total Operating Revenues 2,062,084 1,746,524 3,808,608 320,271
<br />Operating Expenses
<br />Personnel services 429,461 435,115 864,576 189,460
<br />Purchased water 1,375,335 - 1,375,335
<br />Professional services 42,348 34,914 77,262 -
<br />Sewer charges - MCES - 1,117,491 1,117,491 -
<br />Utilities 29,695 12,713 42,408 -
<br />Depreciation 241,270 163,323 404,593 -
<br />Repairs and maintenance 1,410 8,092 9,502 -
<br />Insurance 45,390 45,390 90,780 142,249
<br />Office and other supplies 48,528 30,930 79,458 -
<br />Total Operating Expenses 2,213,437 1,847,968 4,061,405 331,709
<br />Operating Income (Loss)(151,353) (101,444) (252,797) (11,438)
<br />Nonoperating Revenues (Expenses)
<br />Investment earnings 43,227 52,473 95,700 -
<br />Lease revenue 141,998 - 141,998 -
<br />Miscellaneous revenue 1,854 4,319 6,173 -
<br />Total Nonoperating
<br />Revenues (Expenses)187,079 56,792 243,871 -
<br />Income (Loss) Before Contributions
<br />and Transfers 35,726 (44,652) (8,926) (11,438)
<br />Capital Contributions from other funds 69,083 90,607 159,690 -
<br />Transfers Out (268,400) (164,800) (433,200) -
<br />Change in Net Position (163,591) (118,845) (282,436) (11,438)
<br />Net Position, January 1 4,947,311 5,244,586 10,191,897 44,801
<br />Net Position, December 31 4,783,720$ 5,125,741$ 9,909,461$ 33,363$
<br />Change in net position as shown above (282,436)$
<br />(5,017)
<br />Change in net position - business-type activities (287,453)$
<br />Business-Type Activities - Enterprise Funds
<br />Adjustment to reflect the
<br />consolidation of internal service fund
<br />City of Little Canada, Minnesota
<br />Statement of Revenues, Expenses and
<br />Changes in Net Position
<br />Proprietary Funds
<br />For the Year Ended December 31, 2023
<br />The notes to the financial statements are an integral part of this statement.
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