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City of Little Canada, Minnesota
<br />Actual Variance with
<br />Original Final Amounts Final Budget
<br />Revenues
<br />Taxes 4,088,523$ 4,088,523$ 3,976,737$ (111,786)$
<br />Licenses and permits 417,462 417,462 577,872 160,410
<br />Intergovernmental 405,636 405,636 432,697 27,061
<br />Charges for services 38,104 38,104 151,942 113,838
<br />Fines and forfeits 35,000 35,000 32,584 (2,416)
<br />Special assessments - - 175 175
<br />Investment earnings 34,000 34,000 197,048 163,048
<br />Miscellaneous 640,955 640,955 122,365 (518,590)
<br />Total Revenues 5,659,680 5,659,680 5,491,420 (168,260)
<br />Expenditures
<br />Current
<br />General government 1,138,001 1,138,001 943,954 194,047
<br />Public safety 3,383,396 3,383,396 2,959,482 423,914
<br />Public works 581,110 581,110 507,225 73,885
<br />Culture and recreation 755,328 755,328 658,291 97,037
<br />Total Expenditures 5,857,835 5,857,835 5,068,952 788,883
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures (198,155) (198,155) 422,468 620,623
<br />Other Financing Sources
<br />Transfers in 98,155 98,155 103,450 5,295
<br />Transfers out - - (450,000) (450,000)
<br />Total Other Financing Sources (Uses)98,155 98,155 (346,550) (444,705)
<br />Net Change in Fund Balances (100,000) (100,000) 75,918 175,918
<br />Fund Balances, January 1 4,629,504 4,629,504 4,629,504 -
<br />Fund Balances, December 31 4,529,504$ 4,529,504$ 4,705,422$ 175,918$
<br />Budgeted Amounts
<br />Statement of Revenues, Expenditures and Changes in Fund Balances -
<br /> Budget and Actual
<br />General Fund
<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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