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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2013 <br />Another element of that reconciliation states that "revenues in the statement of activities that do <br />not provide current financial resources are not reported as revenues in the funds". The details of <br />this $50,767 difference is as follows: <br />Unavailable revenue - general property taxes: <br />At December 31, 2012 ($70,747) <br />At December 31, 2013 117,036 <br />Unavailable revenue - tax increment taxes: <br />At December 31, 2012 (32,667) <br />At December 31, 2013 40,539 <br />Unavailable revenue - special assessments: <br />At December 31, 2012 (1,762,072) <br />At December 31, 2013 1,758,678 <br />Net adjustments to decrease net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities. $50,767 <br />Another element of that reconciliation states that "the issuance of long-term debt (e.g. bonds, <br />leases) provides current financial resources to governmental funds, while the repayment of <br />principal of the long-term debt consumes the current financial resources of governmental funds". <br />Neither transaction, however, has any effect on net position. The details of this $2,354,911 <br />difference is as follows: <br />Debt issued or incurred: <br />Issuance of general obligation bonds <br />($1,775,000) <br />Premium on issued bonds <br />(42,080) <br />Principal repayments <br />4,245,000 <br />Other post employment benefits <br />(73,009) <br />Net adjustment to increase net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities. <br />$2,354,911 <br />Another element of that reconciliation states that "some expenses reported in the statement of <br />activities do not require the use of current financial resources and, therefore, are not reported as <br />expenditures in governmental funds". The details of this $90,698 difference is as follows: <br />Amortization of premiums, discounts 57,752 <br />Accrued interest 32,946 <br />Net adjustment to increase net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities. $90,698 <br />54 <br />