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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2013 <br />Note 19 PRIOR PERIOD ADJUSTMENT/CORRECTION OF AN ERROR <br />During 2013, corrections to the prior year financial statements were made to correct accounts payable relating <br />to pay-as-you-go TIF. Prior to adjustment the City was not accruing the February payment relating to TIF <br />money received during the year. <br />A summary of changes are as follows <br />Fund balance/net position - <br />January 1, 2013, as previously restated <br />Prior period adjustments: <br />Pay -as -you go TIF <br />Fund balance/net position - <br />January 1, 2013, as restated <br />Note 20 SUBSEOUENT EVENTS <br />Major <br />Governmental <br />Governmental Fund <br />Activities HRA Projects <br />$14,378,700 $716,403 <br />(211,123) (211,123) <br />$14,167,577 $505,280 <br />The City issued the $2,070,000 G.O. Bonds, Series 2014A on March 25, 2014 to fund various public <br />improvements within the City. <br />The City will also issue the $3,750,000 G.O. TIF Revenue Bonds, Series 2014B on July 18, 2014 to refinance <br />the Housing and Redevelopment Authority of the City of St. Anthony's $4,640,000 Tax Increment Revenue <br />Bonds (Silver Lake Village Phase IA Housing), Series 2007. <br />The City will also issue the $1,330,000 G.O. Street Reconstruction Refunding Bonds, Series 2014B on July 18, <br />2014 to advance refinancing of the City's $1,910,000 General Obligation Street Reconstruction Bonds, Series <br />2008A. <br />86 <br />