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Proprietary funds. The City of St. Anthony, Minnesota's proprietary funds provide the same <br />type of information found in the government -wide financial statements, but in more detail. <br />Unrestricted net assets in the Liquor Operations and Water and Sewer Funds at the end of the <br />year amounted to $730,653. The total net assets for each fund were: Liquor— $2,057,1591- <br />Water <br />2,057,159;Water and Sewer - $3,811,179. <br />General Fund Budgetary Highlights <br />Variances from original to final budget are as follows: <br />• The 2009 General Fund original operating budget was reduced by $135,000 to reflect the <br />market value homestead credit unalloted by the State of Minnesota. <br />Variances from actual to budget can be briefly summarized as follows: <br />• Building and plumbing permit revenue exceeded the budget by $124,607. <br />• Unbudgeted public safety grants and revenue from private sources provided $45,787 in <br />funding for safety and alcohol compliance. <br />• Municipal court fines exceeded budget by $5,068. <br />• Interest earnings were less than budget by $14,366. <br />• Cable franchise fees exceeded budget by $16,909. <br />• Miscellaneous revenue exceeded budget by $8,302. <br />Capital Asset and Debt Administration <br />Capital Assets. The City of St. Anthony, Minnesota's investment in capital assets for its <br />governmental and business -type activities as of December 31, 2009 amounts to $43,538,324 (net <br />of accumulated depreciation). This investment in capital assets includes land, buildings and <br />structures, improvements, machinery and equipment, park facilities, roads and infrastructure. <br />The total increase in the City of St. Anthony, Minnesota's investment in capital assets for the <br />current fiscal year is 9.1 %. <br />21 <br />