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Government -wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a City's financial
<br />position. In the case of the City of St. Anthony, Minnesota, assets exceeded liabilities by
<br />$27,105,809 at the close of the most recent fiscal year. The City's overall increase in the net
<br />position for 2014 was $1,187,738.
<br />City of St. Anthony, Minnesota's Net Position
<br />The City's net position increased by $1,212,738 in 2014. The key element for the increase was
<br />revenues exceeded expenditures.
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<br />Governmental Activities
<br />Business -Type
<br />Activities
<br />Totals
<br />2014
<br />2013
<br />2014
<br />2013
<br />2014
<br />2013
<br />Current and other assets
<br />$12,063,386
<br />$12,617,051
<br />$6,538,350
<br />$6,843,784
<br />$18,601,736
<br />$19,460,835
<br />Capital assets
<br />38,838,423
<br />37,875,456
<br />7,407,140
<br />7,091,301
<br />46,245,563
<br />44,966,757
<br />Total assets
<br />$50,901,809
<br />$50,492,507
<br />$13,945,490
<br />$13,935,085
<br />$64,847,299
<br />$64,427,592
<br />Long term liabilities outstanding
<br />$29,949,418
<br />$34,501,146
<br />$1,432,173
<br />$1,690,435
<br />$31,381,591
<br />$36,191,581
<br />Other liabilities
<br />5,428,134
<br />1,644,202
<br />906,765
<br />673,738
<br />6,334,899
<br />2,317,940
<br />Total liabilities
<br />$35,377,552
<br />$36,145,348
<br />$2,338,938
<br />$2,364,173
<br />$37,716,490
<br />$38,509,521
<br />Net position:
<br />Invested in capital assets net ofrelated debt
<br />$14,953,582
<br />$14,322,013
<br />$6,036,192
<br />$5,605,845
<br />$20,989,774
<br />$19,927,858
<br />Restricted
<br />5,740,611
<br />5,264,423
<br />-
<br />-
<br />5,740,611
<br />5,264,423
<br />Unrestricted
<br />,169,936)
<br />,239,277)
<br />5,570,360
<br />5,965,067
<br />400,424
<br />725,790
<br />Total net position
<br />$15,524,257
<br />$14,347,159
<br />$11,606,552
<br />$11,570,912
<br />$27,130,809
<br />$25,918,071
<br />The City's net position increased by $1,212,738 in 2014. The key element for the increase was
<br />revenues exceeded expenditures.
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