Laserfiche WebLink
<br /> - <br /> 50.00 <br /> 100.00 <br /> 150.00 <br /> 200.00 <br /> 250.00 <br />Arden Hills Little Canada North Oaks Shoreview Vadnais <br />Heights <br />White Bear <br />Township <br />174.76 <br />196.44 206.43 <br />135.10 <br />156.31 <br />127.01 <br />2025 Police Net Cost Per Capita <br /> <br /> <br />Due to the large difference in costs per capita, it is also proposed to continue to discuss changes <br />to the current funding formula with the contract cities, in order to be more equitable and <br />sustainable for all the contract cities. <br />SPECIAL REVENUE FUNDS <br /> <br />The City of Little Canada currently operates Special Revenue Funds for its Economic <br />Development Authority, Parks & Recreation, Cable TV, and Recycling & Disposal. There are no <br />major changes when compared to the 2024 budget. Overall the 2025 revenues budget is a <br />9.64% increase from 2024 budget, primarily relating to increases in program fees and charges <br />for services for $62,476, primarily relating to rate adjustments for the Recycling & Disposal Fund <br />and rental revenues in the EDA fund from the 2828 Condit Street property. Expenditures budget <br />increased by 6.29% or $53,347 primarily relating to increase in hauler reimbursements in the <br />Recycling & Disposal Fund, these fluctuate with revenue chnages. <br />DEBT SERVICE FUNDS <br /> <br />The City of Little Canada holds a bond rating of AA+ from Standard & Poor’s. The City of Little <br />Canada currently has two outstanding bond issues ($2,215,000 outstanding as of 12/31/2024) <br />one note issue ($3,124 outstanding as of 12/31/2024), reflected in its Debt Service Funds. <br />There are sufficient funds for these debt service payments in 2025 and in the future without the <br />use of levy dollars. <br />CAPITAL PROJECT FUNDS <br /> <br />The City of Little Canada has many Capital Project Funds, including the General Capital <br />Improvement Fund and the Infrastructure Capital Improvement Fund. Capital Project Funds are <br />utilized for capital expenditures. <br /> <br />The 2025-2034 Capital Improvement Plan (CIP) will be reviewed and adopted by the Council in <br />November. Highlights include: <br /> <br /> Roofing to the Old Fire Hall Building, City Hall, and History Center <br />9