|
CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH JUNE 30, 2025 WITH COMPARISON TO JUNE 30, 2024General FundBudget YTD % of Budget Budget YTD % of BudgetHighlights/CommentsRevenues:Taxes 4,424,524 2,034,150 45.97% 4,088,523 1,214,263 29.70%Tax revenues are paid in 3 instalments (June/ July, October/November and a final settlement in January of the following year)Licenses 58,600 11,685 19.94% 54,500 12,380 22.72%Comparable with PY, historically collected in Q2 and Q3Liquor Licenses 46,500 24,916 53.58% 47,000 46,622 99.20%There are few licenses that might come later in the year due to ownership changes, plus one license is paying monthly rather than in full.Permits 321,195 513,105 159.75% 315,962 256,468 81.17%One large permit for RIDE Appartments building permit Charges for Services 30,804 20,431 66.33% 30,804 18,843 61.17%Comparable with PY. Variance due to timing of collection and rental.Fines 37,000 12,150 32.84% 42,000 14,981 35.67%County Fines. This revenue can very. Budget is an estimate based on historical trendsIntergovernmental Revenue 422,267 98,283 23.28% 404,136 75,250 18.62%First Distribution of MSA funds and LGA advance beginning with 2025. Investment Income 41,966 0 0.00% 34,000 0 0.00%Will be allocated at year endMiscellaneous 173,505 11,432 6.59% 642,755 53,005 8.25%Sherifs credit and Falcon Heights Inspection anticipated in Q2. 2024 Budget also includes the one time Police Aid for $471,111. This revenue was collected in 2023 Q4.Transfers In 80,155 - 0.00% 98,155 - 0.00%Transfers done at year endTotal Revenues 5,636,516 2,726,151 48.37% 5,757,835 1,691,812 29.38%ExpendituresMayor & Council 115,855 58,385 50.39% 108,280 56,673 52.34%Comparable with PY, within expectationsElections 35,030 19,220 54.87% 33,000 18,752 56.82%Comparable with PY, within expectationsAdministration 493,039 234,275 47.52% 552,227 211,054 38.22%2024 budget included 100K for police contacted services for exploring police models not spent. In addition 2025 inccured unbudgeted expenditures for City Administrator Search Consultant Attorney 119,750 37,502 31.32% 101,000 38,627 38.24%Comparable with PY, within expectationsEngineer 37,350 17,129 45.86% 34,850 10,906 31.29%Timing of Engineering Cost can vary based on timing of projects and needed servicesPlanning 232,622 113,628 48.85% 192,229 94,238 49.02%Comparable with PY, within expectations. Insurance 51,150 25,575 50.00% 51,149 25,575 50.00%Comparable with PY, within expectations. City Center 57,703 18,597 32.23% 37,704 13,941 36.98%Comparable with PY, within expectations. Current Year includes 20K for project management positionOld Fire Hall 12,882 6,391 49.61% 12,562 3,981 31.69%CY inclues door repairs and lock replacementPolice 2,283,604 1,084,982 47.51% 2,518,703 689,063 27.36%Timing of payments May and June invoices paid in July in 2024. Trending within Expectation. The 2024 Budget also includes the Police Aid 471KFire Department 602,768 392,373 65.10% 555,958 372,504 67.00%Comparable with PY, within expectationsFire Marshal 26,250 4,972 18.94% 16,430 8,707 53.00%No Fire Inspector in 2025 in Q1Protective Inspections 342,205 214,097 62.56% 284,520 162,079 56.97%Comparable with PY, within expectationsEmergency Service/Civil Defense 3,895 718 18.45% 3,895 258 6.63%Comparable with PY, within expectationsAnimal Control 3,370 0 0.00% 3,370 251 7.45%Comparable with PY, within expectationsStreets 382,179 143,749 37.61% 381,550 180,445 47.29%Savings due to one employee on STDStorm Water 0 814 #DIV/0! 0 80 #DIV/0!Comparable with PY, within expectationsStreet Lighting 71,630 30,116 42.04% 71,630 28,566 39.88%Comparable with PY, within expectationsRecycling/Sanitation 33,245 17,018 51.19% 36,390 14,810 40.70%Comparable with PY, within expectationsCity Garage 55,600 31,924 57.42% 52,060 25,095 48.20%Comparable with PY, within expectationsParks & Recreation 678,685 315,065 46.42% 722,293 260,450 36.06%Comparable with PY, within expectationsCommunity Partnerships 32,704 26,868 82.15% 33,035 25,798 78.09%Comparable with PY, within expectationsShade Trees 50,000 11,202 22.40% 40,000 4,445 11.11%Comparable with PY, within expectationsTransfers Out 0 26,493 #DIV/0! 0 0 #DIV/0!Contingency 15,000 - 0.00% 15,000 - 0.00%Total Expenditures 5,736,516 2,831,096 49.35% 5,857,835 2,246,299 38.35%Rev. over/(under) expenditures (100,000) (104,944) (100,000) (554,487) 2025 2024
|