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Governmental
<br />Activities -
<br />Insurance
<br />Nonmajor
<br />601 602 603 Internal
<br />Water Sewer Storm Water Totals Service Fund
<br />Operating Revenues
<br />Sales 2,032,570$ 1,862,791$ 481,252$ 4,376,613$ 362,343$
<br />Meter sales 37,591 - - 37,591 -
<br />Other revenue 2,760 - 114 2,874 -
<br />Total Operating Revenues 2,072,921 1,862,791 481,366 4,417,078 362,343
<br />Operating Expenses
<br />Personnel services 254,884 202,759 273,454 731,097 207,656
<br />Purchased water 1,379,378 - - 1,379,378
<br />Professional services 45,508 43,983 4,452 93,943 -
<br />Sewer charges - MCES - 1,314,367 734 1,315,101 -
<br />Utilities 33,346 11,794 - 45,140 -
<br />Depreciation 243,541 164,383 - 407,924 -
<br />Repairs and maintenance 447 33,406 - 33,853 -
<br />Insurance 51,983 51,983 - 103,966 133,256
<br />Office and other supplies 72,891 38,645 126 111,662 -
<br />Total Operating Expenses 2,081,978 1,861,320 278,766 4,222,064 340,912
<br />Operating Income (Loss)(9,057) 1,471 202,600 195,014 21,431
<br />Nonoperating Revenues
<br />Investment earnings 48,135 55,725 2,187 106,047 -
<br />Lease revenue 140,534 - - 140,534 -
<br />Miscellaneous revenue 1,037 3,920 - 4,957 -
<br />Total Nonoperating
<br />Revenues (Expenses)189,706 59,645 2,187 251,538 -
<br />Income Before Contributions
<br />and Transfers 180,649 61,116 204,787 446,552 21,431
<br />Capital Contributions from other funds 110,070 407,383 - 517,453 -
<br />Transfers In - - 102,000 102,000 -
<br />Transfers Out (276,454) (169,746) - (446,200) -
<br />Change in Net Position 14,265 298,753 306,787 619,805 21,431
<br />Net Position, January 1 4,783,720 5,125,741 - 9,909,461 33,363
<br />Net Position, December 31 4,797,985$ 5,424,494$ 306,787$ 10,529,266$ 54,794$
<br />Change in net position as shown above 619,805$
<br />10,696
<br />Change in net position - business-type activities 630,501$
<br />Business-Type Activities - Enterprise Funds
<br />Adjustment to reflect the
<br />consolidation of internal service
<br />City of Little Canada, Minnesota
<br />Statement of Revenues, Expenses and
<br />Changes in Net Position
<br />Proprietary 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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