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General (Formerly Nonmajor)
<br />Infrastructure Capital Economic
<br />General CIP Improvements Development
<br />Revenues
<br />General property taxes 3,976,737$ 152,506$ 136,005$ -$
<br />Franchise fees -494,316 72,395 -
<br />Tax Increments - - - -
<br />Licenses and permits 577,872 - - -
<br />Intergovernmental 432,697 473,884 246,172 1,398,463
<br />Charges for services 151,942 - - -
<br />Fines and forfeits 32,584 - - -
<br />Special assessments 175 429,620 - -
<br />Investment earnings 197,048 92,585 140,847 18,973
<br />Miscellaneous 122,365 356,815 72,774 55,047
<br />Total Revenues 5,491,420 1,999,726 668,193 1,472,483
<br />Expenditures
<br />Current
<br />General government 943,954 - - -
<br />Public safety 2,959,482 - - -
<br />Public works 507,225 6,558 - -
<br />Parks and recreation 658,291 - - -
<br />Sanitation - - - -
<br />Housing and economic development - - - 1,430,304
<br />Capital outlay
<br />General government - - 89,106 -
<br />Public safety - - - -
<br />Public works - 1,321,124 15,819 -
<br />Parks and recreation - - 808,830 -
<br />Housing and economic development - - - 642,100
<br />Debt service
<br />Principal - - - -
<br />Interest and other charges - - - -
<br />Total Expenditures 5,068,952 1,327,682 913,755 2,072,404
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 422,468 672,044 (245,562) (599,921)
<br />Other Financing Sources (Uses)
<br />Transfers in 103,450 - 12,300 -
<br />Transfers out (450,000) (114,300) - -
<br />Total Other Financing
<br />Sources (Uses)(346,550) (114,300) 12,300 -
<br />Net Changes in Fund Balances 75,918 557,744 (233,262) (599,921)
<br />Fund Balances, January 1, as previously reported 4,629,504 1,676,522 2,883,337 -
<br />Change to the financial reporting entity (Note 7)
<br />Change from nonmajor to major fund - - - 826,376
<br />Fund Balance, January 1, as adjusted 4,629,504 1,676,522 2,883,337 826,376
<br />Fund Balances, December 31 4,705,422$ 2,234,266$ 2,650,075$ 226,455$
<br />City of Little Canada, Minnesota
<br />Statement of Revenues, Expenditures and
<br />Changes in Fund Balances
<br />Governmental Funds
<br />For the Year Ended December 31, 2024
<br />The notes to the financial statements are an integral part of this statement.
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