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CITY OF ST. ANTHONY, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2008 Three year trend information (information for December 31, 2008 is not available): Three Year Trend Information REQUIRED SUPPLEMENTARY INFORMATION — SCHEDULE OF FUNDING PROGRESS Annual Percentage Net Year Pension of APC Pension Ending Cost (APC) Contributed Obligation 12/31/2007 $51,604 1000/0 $ 12/31/2006 58,275 1000/0 12/31/2005 57,856 1000/0 REQUIRED SUPPLEMENTARY INFORMATION — SCHEDULE OF FUNDING PROGRESS Note 7 INTERFUND RECEIVABLES/PAYABLES, LOANS AND TRANSFERS Pension Benefit Per Year of Service $2,300 2,000 2,000 Individual fund interfund receivable and payable balances at December 31, 2008 are as follows: Fund Receivable Payable General Fund Nonmajor Governmental Funds Total $44,871 $ 44,871 $44,871 $44,871 Interfund payables and receivables are representative of lending/borrowing arrangements to cover deficit cash balances at the end of the fiscal year. 70 Assets in Excess of Actuarial Actuarial Actuarial (Unfunded) Valuation Value of Accrued Accrued Funded Date Assets Liability Liability Ratio 12/31/2007 $1,072,177 $767,320 $304,857 139.73% 12/31/2006 977,084 659,904 317,180 148.06% 12/31/2005 820,359 632,184 188,175 129.76% Note 7 INTERFUND RECEIVABLES/PAYABLES, LOANS AND TRANSFERS Pension Benefit Per Year of Service $2,300 2,000 2,000 Individual fund interfund receivable and payable balances at December 31, 2008 are as follows: Fund Receivable Payable General Fund Nonmajor Governmental Funds Total $44,871 $ 44,871 $44,871 $44,871 Interfund payables and receivables are representative of lending/borrowing arrangements to cover deficit cash balances at the end of the fiscal year. 70