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CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH SEPTEMBER 30, 2024 WITH COMPARISON TO SEPTEMBER 30, 2023General FundBudget YTD % of Budget Budget YTD % of BudgetHighlights/CommentsRevenues:Taxes 4,088,523 1,981,442 48.46% 3,786,436 1,990,798 52.58%Tax revenues are paid in 3 instalments (June/ July, October/November and a final settlement in January of the following year).Licenses 54,500 36,555 67.07% 54,880 33,265 60.61%Comparable with PY, historically collected in Q2 and Q3Liquor Licenses 47,000 46,727 99.42% 47,162 45,823 97.16%Comparable with PY, historically collected in Q2 and Q3Permits 315,962 381,954 120.89% 304,360 453,334 148.95% Pioneer Commons n in 2024 permits/ Lennar ProjectCharges for Services 30,804 27,554 89.45% 28,639 27,073 94.53%Comparable with PYFines 42,000 22,649 53.93% 40,000 21,771 54.43%County Fines. This revenue can very. Budget is an estimate based on historical trendsIntergovernmental Revenue 404,136 231,556 57.30% 275,478 240,381 87.26%First Distribution of MSA funds, comparable with PY. % is lower in CY since Fire State Aid collected in Q3 in 2023 vs Q4 in 2024Investment Income 34,000 0 0.00% 23,800 0 0.00%Will be allocated at year endMiscellaneous 642,755 89,599 13.94% 185,265 118,421 63.92%Sherifs credit and Falcon Heights Inspection collected in Q2. 2024 Budget also includes the one time Police Aid for $471,111. This revenue was collected in 2023 Q4. Further, in 2023 there was a passthrough transaction from State to Developer. Transfers In 98,155 - 0.00% 109,134 - 0.00%Transfers done at year endTotal Revenues 5,757,835 2,818,036 48.94% 4,855,154 2,930,868 60.37%ExpendituresMayor & Council 108,280 82,523 76.21% 99,589 84,779 85.13%Comparable with PY, within expectationsElections 33,000 25,702 77.88% 33,000 24,390 73.91%Comparable with PY, within expectationsAdministration 552,227 310,326 56.20% 393,558 197,977 50.30%Comparable with PY, within expectationsAttorney 101,000 52,080 51.56% 95,500 55,851 58.48%Comparable with PY, within expectationsEngineer 34,850 18,112 51.97% 31,100 20,446 65.74%Timing of Engineering Cost can vary based on timing of projects and needed servicesPlanning 192,229 114,486 59.56% 190,108 129,113 67.92%Comparable with PY, within expectations. Lower in CY due to personnel cost lower/staff changes. Insurance 51,149 39,195 76.63% 45,390 34,043 75.00%Comparable with PY, within expectationsCity Center 37,704 24,443 64.83% 38,800 23,890 61.57%Comparable with PY, within expectationsOld Fire Hall 12,562 7,590 60.42% 10,600 9,819 92.63%Lower utilities costs in 2024, mild winter beginning of the year as well as repairs and maintenance were heigher in 2023 for Boiler RepairsPolice 2,518,703 1,529,162 60.71% 1,894,299 1,388,457 73.30%Trending within Expectation. The 2024 Budget includes Spending the Public Safety Aid 471K, not yet spentFire Department 555,958 497,847 89.55% 523,840 464,187 88.61%Comparable with PY, within expectationsFire Marshal 16,430 13,654 83.10% 15,950 10,896 68.31%Comparable with PY, within expectationsProtective Inspections 284,520 232,242 81.63% 282,166 199,595 70.74%Open Gov/Permits Software in 2024 payment Emergency Service/Civil Defense 3,895 308 7.92% 3,895 2,383 61.17%2023 includes a siren repair not in 2024Animal Control 3,370 753 22.34% 3,370 214 6.35%Comparable with PY, within expectationsStreets 381,550 240,089 62.92% 376,458 273,377 72.62%Jim Mayer CDL School and 42K in Salt in 2024 purchaseStorm Water 0 2,006 #DIV/0! 19,990 6,421 32.12%Street Lighting 71,630 48,480 67.68% 71,630 54,823 76.54%Comparable with PY, within expectationsRecycling/Sanitation 36,390 23,830 65.48% 32,140 21,683 67.46%Comparable with PY, within expectationsCity Garage 52,060 36,434 69.98% 49,669 37,194 74.88%Comparable with PY, within expectationsParks & Recreation 722,293 440,587 61.00% 579,338 420,625 72.60%Lower cost in 2024 for personnel due to director position turnover Community Partnerships 33,035 26,566 80.42% 29,764 23,708 79.65%Comparable with PY, within expectationsShade Trees 40,000 10,683 26.71% 20,000 42,800 214.00%Removed trees EABTransfers Out 0 0 #DIV/0! 0 0 #DIV/0!Contingency 15,000 - 0.00% 15,000 - 0.00%Total Expenditures 5,857,835 3,777,099 64.48% 4,855,154 3,526,672 72.64%Rev. over/(under) expenditures (100,000) (959,063) - (595,805) 2024 2023
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