|
CITY OF LITTLE CANADA, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(accrual basis of accounting)Table 2
<br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
<br />Expenses
<br />Governmental activities:
<br />General government 731,727$ 863,508$ 989,667$ 1,868,590$ 631,388$ 670,229$ 761,904$ 897,492$ 1,402,053$ 590,761$
<br />Housing and economic development - - - - 690,771 226,265 282,710 274,253 1,119,251 2,104,035 (1)
<br />Public safety 2,052,997 2,164,959 2,257,152 2,241,544 2,696,716 2,654,736 2,585,476 2,658,787 2,300,843 3,134,255
<br />Public works 1,921,717 2,078,129 2,406,904 2,420,772 2,128,271 2,361,195 2,187,357 2,431,627 2,486,832 2,133,660
<br />Sanitation and recycling - - - - 413,046 448,249 462,250 476,404 528,075 578,212 (2)
<br />Culture and recreation 951,271 1,054,644 1,128,254 1,274,088 688,124 624,376 717,520 922,706 1,172,521 1,022,951
<br />Interest and fiscal charges 463,871 381,324 325,328 289,276 235,062 166,152 123,869 108,818 133,301 133,824
<br />Total governmental activities expenses 6,121,583 6,542,564 7,107,305 8,094,270 7,483,378 7,151,202 7,121,086 7,770,087 9,142,876 9,697,698
<br />Business-type activities:
<br />Water 1,434,649 1,575,608 1,631,920 1,574,293 1,566,206 1,669,453 1,766,622 1,968,973 2,215,946 2,076,629
<br />Sewer 1,260,916 1,327,205 1,434,384 1,480,413 1,319,392 1,503,306 1,514,193 1,616,403 1,850,476 1,855,973
<br />Storm - - - - - - - - - 278,766
<br />Total business-type activities 2,695,565 2,902,813 3,066,304 3,054,706 2,885,598 3,172,759 3,280,815 3,585,376 4,066,422 4,211,368
<br />Total primary government expenses 8,817,148$ 9,445,377$ 10,173,609$ 11,148,976$ 10,368,976$ 10,323,961$ 10,401,901$ 11,355,463$ 13,209,298$ 13,909,066$
<br />Program Revenues
<br />Governmental activities:
<br />Charges for services:
<br />General government:162,726$ 168,944$ 202,180$ 253,121$ 604,268$ 291,860$ 282,502$ 118,794$ 168,268$ 116,432$
<br />Housing and economic development - - - - 61,290 - 18,875 46,599 - 8,668 (1)
<br />Public safety 416,622 590,694 329,752 348,628 68,562 120,083 37,227 608,290 679,868 612,306
<br />Public works 479,325 976,979 2,419,648 14,040 35,302 63,436 33,955 35,142 110,794 223,974
<br />Sanitation and recycling - - - - 436,270 468,554 485,066 508,780 554,216 602,757 (2)
<br /> Culture and recreation 957,752 1,137,228 979,920 1,636,194 43,996 22,384 50,660 630,918 692,551 940,829
<br />Operating grants and contributions 283,767 279,581 268,981 287,601 638,471 1,084,749 343,816 698,238 1,789,770 2,243,683
<br />Capital grants and contributions 285,557 3,133,441 1,224,118 680,448 733,734 1,980,479 1,019,104 1,225,082 2,641,817 861,282
<br />Total governmental activities program revenues 2,585,749$ 6,286,867$ 5,424,599$ 3,220,032$ 2,621,893$ 4,031,545$ 2,271,205$ 3,871,843$ 6,637,284$ 5,609,931$
<br />Program Revenues (continued)
<br />Business-type activities:
<br />Charges for services:
<br /> Water 1,518,762$ 1,559,185$ 1,604,792$ 1,641,723$ 1,625,833$ 1,708,035$ 1,885,928$ 1,955,504$ 2,205,936$ 2,214,492$
<br /> Sewer 1,270,560 1,316,749 1,408,157 1,428,823 1,461,517 1,471,654 1,598,585 1,656,428 1,750,843 1,866,711
<br /> Storm - - - - - - - - - 481,366
<br />Capital grants and contributions - 38,700 284,231 40,740 - - - 369,202 159,690 -
<br />Total business-type activities program revenues 2,789,322 2,914,634 3,297,180 3,111,286 3,087,350 3,179,689 3,484,513 3,981,134 4,116,469 4,562,569
<br />Total primary government program revenues 5,375,071$ 9,201,501$ 8,721,779$ 6,331,318$ 5,709,243$ 7,211,234$ 5,755,718$ 7,852,977$ 10,753,753$ 10,172,500$
<br />Net (Expense)/Revenue
<br />Governmental activities (3,535,834)$ (255,697)$ (1,682,706)$ (4,874,238)$ (4,861,485)$ (3,119,657)$ (4,849,881)$ (3,898,244)$ (2,505,592)$ (4,087,767)$
<br />Business-type activities 93,757 11,821 230,876 56,580 201,752 6,930 203,698 395,758 50,047 351,201
<br />Total primary government net expense (3,442,077)$ (243,876)$ (1,451,830)$ (4,817,658)$ (4,659,733)$ (3,112,727)$ (4,646,183)$ (3,502,486)$ (2,455,545)$ (3,736,566)$
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities:
<br />Property taxes 2,892,772$ 2,907,828$ 3,037,308$ 3,265,748$ 3,385,222$ 3,514,093$ 3,601,885$ 3,997,591$ 4,254,060$ 4,424,846$
<br />Tax increment collections 962,001 1,173,985 898,922 378,923 538,791 570,105 709,350 466,344 789,954 881,596
<br />Franchise taxes - - - - 477,274 482,396 478,546 - 461,439 659,728
<br />Unrestricted grants and contributions 382,816 391,125 395,398 435,682 437,161 434,379 434,909 1,070,717 862,697 432,704
<br />Other general revenue 54,272 21,202 14,663 14,920 - - - 576,214 89,402 104,846
<br />Investment earnings (loss)287,683 286,814 316,795 299,521 530,625 442,806 6,597 (301,608) 680,695 802,668
<br />Gain on sale of capital assets 5,000 508,556 (35,892) - 20,481 40,000 61,373 51,951 9,600 -
<br />Gain on sale of future revenue - - - - - 594,000 - - - -
<br />Other - - - - - 318,000 - - - -
<br />Transfers 198,571 300,000 300,000 300,000 (188,687) 103,470 244,438 375,000 433,200 (173,253)
<br />Special item - - - (4,506,155) - - -
<br />Total governmental activities 4,783,115 5,589,510 4,927,194 188,639 5,200,867 6,499,249 5,537,098 6,236,209 7,581,047 7,133,135
<br />Business-type activities:
<br />Other general revenue 6,187 7,815 6,863 9,056 2,447 - - 4,044 - -
<br />Investment earnings (loss)25,414 24,237 27,547 21,740 55,039 50,258 (4,420) 1,557 95,700 106,047
<br />Transfers (198,571) (300,000) (300,000) (300,000) 188,687 (103,470) (244,438) (375,000) (433,200) 173,253
<br />Total business-type activities (166,970) (267,948) (265,590) (269,204) 246,173 (53,212) (248,858) (369,399) (337,500) 279,300
<br />Total primary government 4,616,145$ 5,321,562$ 4,661,604$ (80,565)$ 5,447,040$ 6,446,037$ 5,288,240$ 5,866,810$ 7,243,547$ 7,412,435$
<br />Change in Net Position
<br />Governmental activities 1,247,281$ 5,333,813$ 3,244,488$ (4,685,599)$ 339,382$ 3,379,592$ 687,217$ 2,337,965$ 5,075,455$ 3,045,368$
<br />Business-type activities (73,213) (256,127) (34,714) (212,624) 447,925 (46,282) (45,160) 26,359 (287,453) 630,501
<br />Total primary government 1,174,068$ 5,077,686$ 3,209,774$ (4,898,223)$ 787,307$ 3,333,310$ 642,057$ 2,364,324$ 4,788,002$ 3,675,869$
<br />Notes: (1) Housing & Economic Development is in General Government prior to 2019
<br /> (2) Sanitation & Recycling is in Public Works prior to 2019
<br />123
|