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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />The following is a listing of the General Fund departments and Special Revenue Funds whose
<br />expenditures exceed budget appropriations:
<br />F. CASH AND INVESTMENTS
<br />Cash and investment balances from all funds, except the Liquor Fund, are pooled and invested to the
<br />extent available in authorized investments. Investment income is allocated to individual funds on the
<br />basis of the fund's equity in the cash and investment pool.
<br />The City provides temporary advances to funds that have insufficient cash balances by means of an
<br />advance from another fund shown as interf ind receivables in the advancing fund, and an interfund
<br />payable in the fund with the deficit, until adequate resources are received. These interfund balances
<br />are eliminated on the government -wide financial statements.
<br />Investments are stated at fair value, based upon quoted market prices, except for investments in 2a7 -
<br />like external investment pools, which are stated at amortized cost. Investment income is accrued at the
<br />balance sheet date.
<br />For purposes of the statement of cash flows, the City considers all highly liquid investments with a
<br />maturity of three months or less when purchased to be cash equivalents. All of the cash and
<br />investments allocated to the Proprietary Funds have original maturities of 90 days or less. Therefore,
<br />the entire balance in the Proprietary Funds is considered cash equivalents.
<br />Funds held in trust represent bond proceeds related to the Public Facilities Lease Revenue bond issue
<br />which are being held by a trustee. The trustee is responsible for the investment of these funds.
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<br />Final
<br />Over
<br />Budget
<br />Actual
<br />Budget
<br />Major Fund:
<br />General Fund
<br />Public relations / cable
<br />$37,144
<br />$42,631
<br />$5,487
<br />General management
<br />87,868
<br />121,749
<br />33,881
<br />Elections
<br />23,504
<br />23,635
<br />131
<br />Finance
<br />228,660
<br />245,127
<br />16,467
<br />Assessing
<br />49,352
<br />49,760
<br />408
<br />Planning and zoning
<br />31,775
<br />64,860
<br />33,085
<br />Police protection
<br />2,925,096
<br />2,993,251
<br />68,155
<br />Fire protection
<br />907,996
<br />940,362
<br />32,366
<br />Protective inspections
<br />94,802
<br />153,903
<br />59,101
<br />DARE program
<br />12,319
<br />12,935
<br />616
<br />Street maintenance
<br />503,027
<br />529,123
<br />26,096
<br />Equipment maintenance
<br />312,299
<br />340,247
<br />27,948
<br />Nondepartmental
<br />40,300
<br />56,117
<br />15,817
<br />Nonmajor Funds:
<br />Special Revenue Funds:
<br />Recycling Fund
<br />22,317
<br />25,359
<br />3,042
<br />Fire Education / Training Fund
<br />4,900
<br />5,872
<br />972
<br />F. CASH AND INVESTMENTS
<br />Cash and investment balances from all funds, except the Liquor Fund, are pooled and invested to the
<br />extent available in authorized investments. Investment income is allocated to individual funds on the
<br />basis of the fund's equity in the cash and investment pool.
<br />The City provides temporary advances to funds that have insufficient cash balances by means of an
<br />advance from another fund shown as interf ind receivables in the advancing fund, and an interfund
<br />payable in the fund with the deficit, until adequate resources are received. These interfund balances
<br />are eliminated on the government -wide financial statements.
<br />Investments are stated at fair value, based upon quoted market prices, except for investments in 2a7 -
<br />like external investment pools, which are stated at amortized cost. Investment income is accrued at the
<br />balance sheet date.
<br />For purposes of the statement of cash flows, the City considers all highly liquid investments with a
<br />maturity of three months or less when purchased to be cash equivalents. All of the cash and
<br />investments allocated to the Proprietary Funds have original maturities of 90 days or less. Therefore,
<br />the entire balance in the Proprietary Funds is considered cash equivalents.
<br />Funds held in trust represent bond proceeds related to the Public Facilities Lease Revenue bond issue
<br />which are being held by a trustee. The trustee is responsible for the investment of these funds.
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