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CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH MARCH 31, 2025 WITH COMPARISON TO MARCH 31, 2024General FundBudget YTD % of Budget Budget YTD % of BudgetHighlights/CommentsRevenues:Taxes 4,424,524 0 0.00% 4,088,523 0 0.00%Tax revenues are paid in 3 instalments (June/ July, October/November and a final settlement in January of the following year)Licenses 58,600 1,730 2.95% 54,500 2,575 4.72%Comparable with PY, historically collected in Q2 and Q3Liquor Licenses 46,500 0 0.00% 47,000 0 0.00%Comparable with PY, historically collected in Q2 and Q3Permits 321,195 291,446 90.74% 315,962 94,761 29.99%One large permit for RIDE Appartments building permit Charges for Services 30,804 2,692 8.74% 30,804 8,214 26.66%Comparable with PY. Variance due to timing of collection and rental.Fines 37,000 6,255 16.90% 42,000 5,951 14.17%County Fines. This revenue can very. Budget is an estimate based on historical trendsIntergovernmental Revenue 422,267 98,283 23.28% 404,136 75,250 18.62%First Distribution of MSA funds and LGA advance beginning with 2025. Investment Income 41,966 0 0.00% 34,000 0 0.00%Will be allocated at year endMiscellaneous 173,505 3,798 2.19% 642,755 4,881 0.76%Sherifs credit and Falcon Heights Inspection anticipated in Q2. 2024 Budget also includes the one time Police Aid for $471,111. This revenue was collected in 2023 Q4.Transfers In 80,155 - 0.00% 98,155 - 0.00%Transfers done at year endTotal Revenues 5,636,516 404,203 7.17% 5,757,835 191,632 3.33%ExpendituresMayor & Council 115,855 32,941 28.43% 108,280 31,983 29.54%Comparable with PY, within expectationsElections 35,030 7,645 21.82% 33,000 6,950 21.06%Comparable with PY, within expectationsAdministration 493,039 132,606 26.90% 552,227 104,004 18.83%Opt Out Quarterly JE not yet posted approximately 14 K will be reclassed to Fund 700 Insurance Fund, this will reduce the balance in the account by 14K. Further, in 2024 one City Staff Chris Heineman and Brian Reimers traveled for the ICMA Conference out of state. Additionally, City Administrator Vehicle allowance began in 2024. Attorney 119,750 12,259 10.24% 101,000 14,782 14.64%Comparable with PY, within expectationsEngineer 37,350 7,389 19.78% 34,850 5,288 15.17%Timing of Engineering Cost can vary based on timing of projects and needed servicesPlanning 232,622 44,064 18.94% 192,229 46,192 24.03%Comparable with PY, within expectations. Less Contracted Services to date in 2025Insurance 51,150 0 0.00% 51,149 12,787 25.00%Need to post the Quarterly Insurance AllocationCity Center 57,703 7,400 12.82% 37,704 7,922 21.01%Comparable with PY, within expectations. Current Year includes 20K for project management positionOld Fire Hall 12,882 2,262 17.56% 12,562 1,585 12.62%Comparable with PY, within expectationsPolice 2,283,604 363,934 15.94% 2,518,703 505,366 20.06%Timing of payments March invoice paid in April. Trending within Expectation. The 2024 Budget includes the Police Aid 471KFire Department 602,768 130,372 21.63% 555,958 123,827 22.27%Comparable with PY, within expectationsFire Marshal 26,250 0 0.00% 16,430 3,415 20.79%No Fire Inspector in 2025Protective Inspections 342,205 99,911 29.20% 284,520 91,091 32.02%Comparable with PY, within expectationsEmergency Service/Civil Defense 3,895 31 0.80% 3,895 31 0.80%Comparable with PY, within expectationsAnimal Control 3,370 0 0.00% 3,370 0 0.00%Comparable with PY, within expectationsStreets 382,179 53,145 13.91% 381,550 68,131 17.86%2024 includes CDL School 6K for one PW employeeStorm Water 0 315 #DIV/0! 0 9 #DIV/0!Comparable with PY, within expectationsStreet Lighting 71,630 12,278 17.14% 71,630 11,196 15.63%Comparable with PY, within expectationsRecycling/Sanitation 33,245 6,470 19.46% 36,390 7,045 19.36%Comparable with PY, within expectationsCity Garage 55,600 16,666 29.97% 52,060 16,085 30.90%Comparable with PY, within expectationsParks & Recreation 678,685 114,230 16.83% 722,293 109,423 15.15%Comparable with PY, within expectationsCommunity Partnerships 32,704 26,868 82.15% 33,035 25,798 78.09%Comparable with PY, within expectationsShade Trees 50,000 5,202 10.40% 40,000 1,150 2.88%Comparable with PY, within expectationsTransfers Out 0 0 #DIV/0! 0 0 #DIV/0!Contingency 15,000 - 0.00% 15,000 - 0.00%Total Expenditures 5,736,516 1,075,988 18.76% 5,857,835 1,194,060 20.38%Rev. over/(under) expenditures (100,000) (671,785) (100,000) (1,002,429) 2025 2024
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