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CITY OF ST. ANTHONY, MINNESOTA
<br />STATEMENT OF NET ASSETS
<br />December 31, 2008
<br />Statement 1
<br />Liabilities:
<br />Primary
<br />Government
<br />Accounts payable
<br />Governmental
<br />Business -Type
<br />Totals
<br />259,105
<br />Contracts payable
<br />Activities
<br />Activities
<br />2008
<br />2007
<br />Assets:
<br />-
<br />108,952
<br />108,952
<br />107,402
<br />Cash and investments
<br />$11,221,325
<br />$495,097
<br />$11,716,422
<br />$12,713,093
<br />Restricted cash and investments
<br />-
<br />149,256
<br />149,256
<br />143,200
<br />Funds held in trust
<br />455,830
<br />-
<br />455,830
<br />462,757
<br />Accrued interest
<br />43,877
<br />2,315
<br />46,192
<br />76,293
<br />Due from other governmental units
<br />16,941
<br />-
<br />16,941
<br />23,164
<br />Internal balances
<br />219,000
<br />(219,000)
<br />-
<br />-
<br />Accounts receivable - net
<br />3,047,578
<br />445,201
<br />3,492,779
<br />2,989,714
<br />Prepaid items
<br />51,893
<br />24,227
<br />76,120
<br />71,122
<br />Property taxes receivable
<br />195,404
<br />-
<br />195,404
<br />97,854
<br />Special assessments receivable
<br />1,740,216
<br />2,000,000
<br />1,740,216
<br />2,017,116
<br />Funds held for others
<br />160,000
<br />-
<br />160,000
<br />160,000
<br />Inventories - at cost
<br />-
<br />659,650
<br />659,650
<br />631,980
<br />Deferred charges
<br />439,794
<br />48,163
<br />487,957
<br />514,211
<br />Unamortized bond discounts
<br />2,978
<br />-
<br />2,978
<br />3,114
<br />Capital assets - net:
<br />Nondepreciable
<br />7,621,031
<br />710,846
<br />8,331,877
<br />11,436,326
<br />Depreciable
<br />25,360,637
<br />6,199,828
<br />31,560,465
<br />26,000,044
<br />Total assets
<br />50,576,504
<br />8,515,583
<br />59,092,087
<br />57,339,988
<br />Liabilities:
<br />Accounts payable
<br />300,793
<br />19,839
<br />320,632
<br />259,105
<br />Contracts payable
<br />623,606
<br />64,734
<br />688,340
<br />820,793
<br />Deposits payable
<br />-
<br />108,952
<br />108,952
<br />107,402
<br />Due to other governmental units
<br />768
<br />67,305
<br />68,073
<br />70,859
<br />Salaries payable
<br />115,456
<br />34,208
<br />149,664
<br />102,104
<br />Accrued interest payable
<br />588,062
<br />31,611
<br />619,673
<br />573,287
<br />Unamortized bond premium
<br />33,765
<br />-
<br />33,765
<br />27,279
<br />Compensated absences payable:
<br />Due within one year
<br />183,617
<br />34,777
<br />218,394
<br />200,685
<br />Due in more than one year
<br />425,701
<br />80,627
<br />506,328
<br />461,471
<br />Bonds and notes payable:
<br />Due within one year
<br />1,885,000
<br />165,000
<br />2,050,000
<br />4,220,000
<br />Due in more than one year
<br />30,565,000
<br />2,000,000
<br />32,565,000
<br />30,950,000
<br />Total liabilities
<br />34,721,768
<br />2,607,053
<br />37,328,821
<br />37,792,985
<br />Net assets:
<br />Invested in capital assets, net of related debt
<br />Restricted for:
<br />Debt service
<br />Tax increment purposes
<br />Unrestricted
<br />Total net assets
<br />3,000,881
<br />2,327,517
<br />943,663
<br />4,745,674
<br />120,000
<br />7,746,555
<br />2,447,517
<br />943,663
<br />4,742,205
<br />3,348,881
<br />783,582
<br />9,582, 675 1,042,856 10,625, 531 10, 672,335
<br />$15,854,736 $5,908,530 $21,763,266 $19,547,003
<br />The accompanying notes are an integral part of these financial statements.
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