|
CITY OF LITTLE CANADAGENERAL FUND QUARTERLY FINANCIAL REPORTTHROUGH DECEMBER 31, 2025 WITH COMPARISON TO DECEMBER 31, 2025General FundBudget YTD % of Budget Budget YTD % of BudgetHighlights/CommentsRevenues:Taxes 4,424,524 4,375,953 98.90% 4,088,523 3,976,912 97.27%Tax revenues are paid in 3 instalments (June/ July, October/November and a final settlement in January of the following year)Licenses 58,600 54,170 92.44% 54,500 56,306 103.31%Comparable with PY, historically collected in Q2 and Q3. Only one Canabis licenseLiquor Licenses 46,500 48,663 104.65% 47,000 47,402 100.86%Comparable with PYPermits 321,195 762,144 237.28% 315,962 474,166 150.07%One large permit for RIDE Appartments building permit in Q1Charges for Services 30,804 31,172 101.19% 30,804 53,147 172.53%Less County rentals in 2025 vs 2024. Still CY results within budget and expectationFines 37,000 25,018 67.62% 42,000 34,434 81.99%County Fines. This revenue can very. Budget is an estimate based on historical trendsIntergovernmental Revenue 422,267 503,816 119.31% 404,136 428,788 106.10%County Recycling Grant higher than anticipated 27K vs 72KInvestment Income 41,966 174,652 416.17% 34,000 197,045 579.54%Average returns were closer to 4% budgeted conservatively at around 2%. Also is based on cash flow projections in the fund which can vary during the year than initially buydgeted/anticipated.Miscellaneous 173,505 81,580 47.02% 642,755 223,220 34.73%Falcon Heights Inspection reimbursements and Sherif contract credit . The Sherifs credit for 2025 will not be collected City anticipates to incur additional expenses in relations to the Sherifs contract for 2025. 2024 Budget also includes the one time Police Aid for $471,111. This revenue was collected in 2023 Q4.Transfers In 80,155 87,155.00 108.73% 98,155 103,450.00 105.39%Transfers done at year endTotal Revenues 5,636,516 6,144,322 109.01% 5,757,835 5,594,870 97.17%ExpendituresMayor & Council 115,855 109,357 94.39% 108,280 106,508 98.36%Comparable with PY, within expectationsElections 35,030 26,865 76.69% 33,000 32,652 98.95%CY is missing Q4 Payment. Once this payment will be reflected the the budget will be in line with expectations. Administration 493,039 470,945 95.52% 552,227 420,650 76.17%2024 budget included 100K for police contacted services for exploring police models not spent. CY Lower due to transition of City AdministratorAttorney 119,750 95,579 79.82% 101,000 85,358 84.51%Comparable with PY, within expectationsEngineer 37,350 50,043 133.98% 34,850 37,968 108.95%Timing of Engineering Cost can vary based on timing of projects and needed servicesPlanning 232,622 289,379 124.40% 192,229 159,010 82.72%Hired new Building Inspector (Kade) thin 2025 is was unbudgeted and relates to Steve's Westerhause Phase RetirementInsurance 51,150 51,150 100.00% 51,149 51,982 101.63%Comparable with PY, within expectations. City Center 57,703 37,345 64.72% 37,704 36,877 97.81%Comparable with PY, within expectations. Current Year budget includes 20K for project management position. This position has not been hiredOld Fire Hall 12,882 16,313 126.64% 12,562 12,949 103.08%CY includes door repairs and lock replacementPolice 2,283,604 2,183,604 95.62% 2,518,703 2,047,592 81.30% Trending within Expectation. The 2024 Budget also includes the Police Aid 471KFire Department 602,768 625,118 103.71% 555,958 585,565 105.33%Comparable with PY, within expectationsFire Marshal 26,250 18,350 69.90% 16,430 18,674 113.66%No Fire Inspector in 2025 in Q1Protective Inspections 342,205 339,081 99.09% 284,520 303,072 106.52%Comparable with PY, within expectationsEmergency Service/Civil Defense 3,895 3,719 95.49% 3,895 1,949 50.04%Comparable with PY, within expectationsAnimal Control 3,370 3,306 98.10% 3,370 2,111 62.64%Comparable with PY, within expectationsStreets 382,179 339,493 88.83% 381,550 336,583 88.21%Savings due to one employee on STDStorm Water 0 2,888 #DIV/0! 0 0 #DIV/0!Comparable with PY, within expectationsStreet Lighting 71,630 70,346 98.21% 71,630 70,429 98.32%Comparable with PY, within expectationsRecycling/Sanitation 33,245 35,434 106.59% 36,390 32,415 89.08%Comparable with PY, within expectationsCity Garage 55,600 54,197 97.48% 52,060 47,286 90.83%Comparable with PY, within expectationsParks & Recreation 678,685 729,769 107.53% 722,293 631,725 87.46%Comparable with PY, within expectationsCommunity Partnerships 32,704 29,861 91.31% 33,035 26,566 80.42%Comparable with PY, within expectationsShade Trees 50,000 30,817 61.63% 40,000 21,029 52.57%Comparable with PY, within expectationsTransfers Out 0 776,493 #DIV/0! 0 450,000 #DIV/0!750K Fund Balance Transfer to the General Capital Improvement Fund 400 and 26K for the new Inspection Vehicle also used General Fund to pay in the 400 FundContingency 15,000 - 0.00% 15,000 - 0.00%Total Expenditures 5,736,516 6,389,452 111.38% 5,857,835 5,518,953 94.21%Rev. over/(under) expenditures (100,000) (245,130) (100,000) 75,917 2025 2024
|