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CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH DECEMBER 10, 2024 WITH COMPARISON TO DECEMBER 31, 2023General FundBudget YTD % of Budget Budget YTD % of BudgetHighlights/CommentsRevenues:Taxes 4,088,523 3,976,795 97.27% 3,786,436 3,901,356 103.04%Tax revenues are paid in 3 instalments (June/ July, October/November and a final settlement in January of the following year). In CY there were 65 property valuation petitions that were adjusted and approved by the County resulting in over 100K of delinquent payments that were no longer collected. This is a historical high number of approved petitions and unexpected by the City. The actual collection rate excluding delinquent payments is 99.57%.Licenses 54,500 56,306 103.31% 54,880 55,549 101.22%Comparable with PY, historically collected in Q2 and Q3Liquor Licenses 47,000 47,402 100.86% 47,162 46,198 97.96%Comparable with PY, historically collected in Q2 and Q3Permits 315,962 474,166 150.07% 304,360 541,907 178.05% Pioneer Commons in 2024 permits/ Lennar ProjectCharges for Services 30,804 148,517 482.13% 28,639 63,575 221.99%2024 Includes Bond Issuance Fees for the Ride Appartments Development aproximately 98KFines 42,000 34,234 81.51% 40,000 36,214 90.54%County Fines. This revenue can very. Budget is an estimate based on historical trendsIntergovernmental Revenue 875,259 428,788 48.99% 275,478 765,153 277.75%PY includes the Police Aid for 471K received in December of 2023 and budgeted in 2024Investment Income 34,000 197,045 579.54% 23,800 141,885 596.16%Budget conservative and comparable with PY. Miscellaneous 171,632 126,395 73.64% 185,265 130,997 70.71%Sherifs credit and Falcon Heights Inspection collected in Q2. Transfers In 98,155 103,450.00 105.39% 109,134 101,208.60 92.74%Transfers done at year end per BudgetTotal Revenues 5,757,835 5,593,098 97.14% 4,855,154 5,784,043 119.13%ExpendituresMayor & Council 108,280 106,703 98.54% 99,589 100,420 100.83%Comparable with PY, within expectationsElections 33,000 32,652 98.95% 33,000 31,340 94.97%Comparable with PY, within expectationsAdministration 552,227 420,650 76.17% 393,558 290,080 73.71%Comparable with PY, within expectations. 100K Budgeted in both years for exporint alternative Police Services not spentAttorney 101,000 85,136 84.29% 95,500 83,839 87.79%Comparable with PY, within expectationsEngineer 34,850 37,968 108.95% 31,100 79,089 254.30%Timing of Engineering Cost can vary based on timing of projects and needed services. More porojects in 2023Planning 192,229 159,458 82.95% 190,108 181,587 95.52%Comparable with PY, within expectations. Lower in CY due to personnel cost lower/staff changes. Insurance 51,149 51,982 101.63% 45,390 45,390 100.00%Comparable with PY, within expectationsCity Center 37,704 36,963 98.04% 38,800 32,569 83.94%Comparable with PY, within expectationsOld Fire Hall 12,562 12,949 103.08% 10,600 13,313 125.59%Lower utilities costs in 2024, mild winter beginning of the year as well as repairs and maintenance were higher in 2023 for Boiler RepairsPolice 2,518,703 2,047,592 81.30% 1,894,299 1,869,298 98.68%Trending within Expectation. The 2024 Budget includes Spending the Public Safety Aid 471K. 450 K of the funds were transferred to the Fire Equipment Fund to help pay for the remaining payment of the Ladder TruckFire Department 555,958 585,565 105.33% 523,840 544,589 103.96%Comparable with PY, within expectationsFire Marshal 16,430 18,674 113.66% 15,950 14,608 91.59%Comparable with PY, within expectationsProtective Inspections 284,520 304,897 107.16% 282,166 278,775 98.80%Comparable with PY, within expectationsEmergency Service/Civil Defense 3,895 1,949 50.04% 3,895 4,080 104.75%2023 includes a siren repair not in 2024Animal Control 3,370 2,111 62.64% 3,370 1,677 49.76%Comparable with PY, within expectationsStreets 381,550 338,593 88.74% 376,458 380,877 101.17%45K of budget not used in 2024 for Ramsey County Striping and Sealcoating, the County did not get to do the work in 2024Storm Water 0 2,458 #DIV/0! 19,990 7,548 37.76%Not a General Fund Expense moving forwardStreet Lighting 71,630 70,429 98.32% 71,630 72,405 101.08%Comparable with PY, within expectationsRecycling/Sanitation 36,390 32,415 89.08% 32,140 31,137 96.88%Comparable with PY, within expectationsCity Garage 52,060 47,636 91.50% 49,669 50,659 101.99%Comparable with PY, within expectationsParks & Recreation 722,293 634,023 87.78% 579,338 575,815 99.39%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 21,029 52.57% 20,000 56,239 281.19%Removed trees EABTransfers Out 0 450,000 #DIV/0! 0 0 #DIV/0!Transfer Police Aid Funds to the Fire Equipment fund to help pay for the Ladder TruckContingency 15,000 - 0.00% 15,000 - 0.00%Total Expenditures 5,857,835 5,528,400 94.38% 4,855,154 4,769,042 98.23%Rev. over/(under) expenditures (100,000) 64,698 - 1,015,001 2024 2023
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