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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2008
<br />CHANGE IN LONG-TERM LIABILITIES
<br />Long-term liability activity for the year ended December 31, 2008, was as follows:
<br />Governmental activities:
<br />Bonds payable:
<br />G.O. improvement debt
<br />G.O. street reconstruction bonds
<br />G.O. tax increment bonds
<br />G.O. revenue bonds
<br />G.O. state aid street bonds
<br />G.O. tax abatement bonds
<br />G.O. certificates of indebtedness
<br />Tax increment revenue bonds
<br />G.O. public facilities lease revenue bonds
<br />Total bonds payable - governmental activities
<br />Fannie Mae loan payable
<br />Compensated absences
<br />Total governmental activities
<br />long-term liabilities
<br />Business -type activities:
<br />Revenue bonds
<br />Compensated absences
<br />Total business -type activities
<br />long-term liabilities
<br />Beginning
<br />Ending
<br />Due Within
<br />Balance
<br />Additions
<br />Reductions
<br />Balance
<br />One Year
<br />$12,675,000
<br />$ -
<br />($1,570,000)
<br />$11,105,000
<br />$760,000
<br />-
<br />1,910,000
<br />-
<br />1,910,000
<br />-
<br />1,025,000
<br />-
<br />(155,000)
<br />870,000
<br />160,000
<br />1,055,000
<br />-
<br />(110,000)
<br />945,000
<br />115,000
<br />530,000
<br />-
<br />(70,000)
<br />460,000
<br />70,000
<br />440,000
<br />-
<br />(40,000)
<br />400,000
<br />40,000
<br />85,000
<br />-
<br />(85,000)
<br />-
<br />-
<br />9,580,000
<br />-
<br />(75,000)
<br />9,505,000
<br />160,000
<br />4,955,000
<br />(200,000)
<br />4,755,000
<br />205,000
<br />30,345,000
<br />1,910,000
<br />(2,305,000)
<br />29,950,000
<br />1,510,000
<br />2,500,000
<br />-
<br />-
<br />2,500,000
<br />375,000
<br />554,645
<br />306,581
<br />(251,908)
<br />609,318
<br />183,617
<br />$33,399,645
<br />$2,216,581
<br />($2,556,908)
<br />$33,059 318
<br />$2,068,617
<br />$2,325,000
<br />$ -
<br />($160,000)
<br />$2,165,000
<br />$165,000
<br />107,511
<br />63,650
<br />(55,757)
<br />115,404
<br />34,777
<br />$2,432,511 $63,650 ($215,757) $2,280,404 $199,777
<br />For the governmental activities, compensated absences are generally liquidated by the Internal Service
<br />Severance Fund and loans payable are generally liquidated by the Street Improvement Projects Fund.
<br />All long-term bonded indebtedness outstanding at December 31, 2008 is backed by the full faith and credit
<br />of the City, including improvement and revenue bond issues, except for the 1997 Liquor Revenue Bonds
<br />and the Tax Increment Bonds of 2006 and 2007. Delinquent assessments receivable at December 31, 2008
<br />totaled $2,772.
<br />E,
<br />
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