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City of Little Canada, Minnesota
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures and
<br />Changes in Fund Balances
<br />For the Year Ended December 31, 2024
<br />Special Debt Capital
<br />Revenue Service Projects Total
<br />Revenues
<br />Tax increment -$ -$ 885,217$ 885,217$
<br />Franchise fees 93,017 - - 93,017
<br />Intergovernmental 75,020 - 1,762 76,782
<br />Charges for services 683,166 - 842,225 1,525,391
<br />Special assessments - 136,022 1,562 137,584
<br />Investment earnings 32,254 18,051 220,393 270,698
<br />Miscellaneous
<br />Contributions and donations 11,292 - - 11,292
<br />Other - - 56,092 56,092
<br />Total Revenues 894,749 154,073 2,007,251 3,056,073
<br />Expenditures
<br />Current
<br />General government - 1,790 - 1,790
<br />Public works - - 2,534 2,534
<br />Parks and recreation 158,668 - 15,385 174,053
<br />Sanitation 578,212 - - 578,212
<br />Housing and economic development - - 31,631 31,631
<br />Capital outlay
<br />General government - 730,000 730,000
<br />Public works - - 527,848 527,848
<br />Culture and recreation - - 1,239,952 1,239,952
<br />Housing and economic development - - - -
<br />Debt service
<br />Principal - 312,505 - 312,505
<br />Interest and other charges - 75,501 - 75,501
<br />Total Expenditures 736,880 389,796 2,547,350 3,674,026
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 157,869 (235,723) (540,099) (617,953)
<br />Other Financing Sources (Uses)
<br />Transfers in - 381,113 446,200 827,313
<br />Transfers out (89,450) - (395,113) (484,563)
<br />Total Other Financing Sources (Uses)(89,450) 381,113 51,087 342,750
<br />Net Change in Fund Balances 68,419 145,390 (489,012) (275,203)
<br />Fund Balances, January 1, as previously reported 1,532,553 306,412 8,239,117 10,078,082
<br />Change to the financial reporting entity
<br />Change from nonmajor to major fund (826,376) - (2,142,978) (2,969,354)
<br />Fund Balances, January 1, as adjusted 706,177 306,412 6,096,139 7,108,728
<br />Fund Balances, December 31 774,596$ 451,802$ 5,607,127$ 6,833,525$
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