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2024 2023
<br />Revenues
<br />Taxes 4,417,754$ 4,255,610$ 3.81 %
<br />Franchise fees 659,728 461,439
<br />Tax Increments 885,217 789,954 12.06
<br />Licenses and permits 577,872 643,654 (10.22)
<br />Intergovernmental 2,627,998 4,399,630 (40.27)
<br />Charges for services 1,677,333 1,335,035 25.64
<br />Fines and forfeits 32,584 28,364 14.88
<br />Special assessments 567,379 666,305 (14.85)
<br />Investment earnings (loss)802,668 680,695 17.92
<br />Miscellaneous 814,385 544,869 49.46
<br />Total Revenues 13,062,918$ 13,805,555$ (5.38) %
<br />Per capita 1,269$ 1,298$ (2.30) %
<br />Expenditures
<br />Current
<br />General government 945,744$ 859,469$ 10.04 %
<br />Public safety 2,959,482 2,713,759 9.05
<br />Public works 516,317 615,360 (16.10)
<br />Parks and recreation 832,344 778,859 6.87
<br />Sanitation 578,212 528,075 9.49
<br />Housing and economic development 1,461,935 1,119,251 30.62
<br />Capital outlay 6,839,634 6,236,757 9.67
<br />Debt service
<br />Principal 312,505 302,358 3.36
<br />Interest and other charges 75,501 83,072 (9.11)
<br />Total Expenditures 14,521,674$ 13,236,960$ 9.71 %
<br />Per capita 1,410$ 1,245$ 13.27 %
<br />Total Long-term indebtedness 2,220,288$ 2,536,241$ (12.46) %
<br />Per capita 216 239 (9.61)
<br />General Fund Balance - December 31 4,705,422$ 4,629,504$ 1.64 %
<br />Per capita 457 435 4.95
<br />The purpose of this report is to provide a summary of financial information concerning the City of Little Canada to
<br />interested citizens. The complete financial statements may be examined at City Hall, 515 Little Canada Road East,
<br />Little Canada, Minnesota 55117. Questions about his report should be directed to Sam Magureau, Finance Director,
<br />at (952)-882-2691.
<br />City of Little Canada, Minnesota
<br />Summary Financial Report
<br />Revenues and Expenditures For General Operations
<br />Governmental Funds
<br />(Decrease)
<br />Increase
<br />Percent
<br />Total
<br />For the Years Ended December 31, 2024 and 2023
<br />118
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