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General
<br />Infrastructure Capital Economic
<br />General CIP Improvements Development
<br />Assets
<br />Cash and investments 4,807,300$ 2,208,065$ 2,831,521$ 234,305$
<br />Receivables
<br />Accrued interest 71,992 - - -
<br />Accounts receivable 19,294 170,351 382,102 -
<br />Taxes 124,633 3,740 2,337 -
<br />Special assessments - 1,630,528 - -
<br />Notes - - - -
<br />Due from other governments 47,753 73,737 30,000 -
<br />Due from other funds 285,914 - - -
<br />Prepaid items 24,046 - - -
<br />Assets held for resale - - - 2,800
<br />Total Assets 5,380,932$ 4,086,421$ 3,245,960$ 237,105$
<br />Liabilities
<br />Accounts payable 84,765$ 220,018$ 251,862$ 10,650$
<br />Accrued salaries and withholdings payable 46,556 - - -
<br />Due to other governments 397,465 - - -
<br />Due to other funds - - - -
<br />Deposits payable 77,245 - - -
<br />Unearned revenue 125 - - -
<br />Total Liabilities 606,156 220,018 251,862 10,650
<br />Deferred Inflows of Resources
<br />Unavailable revenue - taxes 69,354 1,609 1,005 -
<br />Unavailable revenue - special assessments - 1,630,528 - -
<br />Unavailable revenue - other - - 343,018 -
<br />Total Deferred Inflows
<br />of Resources 69,354 1,632,137 344,023 -
<br />Fund Balances
<br />Nonspendable 309,960 - - -
<br />Restricted 21,123 - - -
<br />Committed - - - 226,455
<br />Assigned - 2,234,266 2,650,075 -
<br />Unassigned 4,374,339 - - -
<br />Total Fund Balances 4,705,422 2,234,266 2,650,075 226,455
<br />Total Liabilities, Deferred Inflows
<br />of Resources and Fund Balances 5,380,932$ 4,086,421$ 3,245,960$ 237,105$
<br />City of Little Canada, Minnesota
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2024
<br />The notes to the financial statements are an integral part of this statement.
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