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Proprietary funds. The City of St. Anthony, Minnesota's proprietary funds provide the same type of information found in the government -wide financial statements, but in more detail. Total net position in the Liquor Operations and Water and Sewer Funds at the end of the year amounted to $11,606,552. The total net position for each fund was: Liquor — $2,113,362; Water and Sewer — $9,493,190. General Fund Budgetary Highlights Variances from actual to budget can be briefly summarized as follows: • Licenses and permits were $147,555 greater than budget due to construction related permits being $104,762 greater than anticipated and along with activity being budgeted conservatively • General property taxes were $274,221 greater than budget due to the levy's inclusion of an allowance for uncollected taxes and greater excess tax increment collections than budgeted. • Police Grants revenues exceed budget by $18,086 due to a conservative budget related to a County grant for the safe and sober program. • Police State Aid —was greater than budget by $38,610 due to conservative budget related to supplemental funding provided by the State. • Investment income was greater than budget by $24,340 due to the non -budgeted unrealized gain on investments and conservative budgeting for investment interest earnings. • Miscellaneous other revenues were $26,420 greater than budget due to dividends on workers compensation insurance not expected to be distributed by the League of Minnesota Insurance Trust for 2014. • Legal — contracted services were greater than budget by $58,920 due to costs associated with implementing an organized collection system and costs associated with land use litigation. • Planning and zoning —other services and charges was $11,825 greater than budget due to contracted planner's assistance with land use litigation. • Police protection — personal services was $52,227 greater than budget due to the budget variances that were the result of changes in benefit elections, longevity advancements and greater resource allocations to meet staffing needs. • Fire protection — other services and charges was $61,846 greater than budget due to costs associated with turnover, recruitment and training of several paid on call firefighters. • Protective Inspections — other services and charges was $80,413 greater than budget due to greater construction related revenues. Capital Asset and Debt Administration Capital Assets. The City of St. Anthony, Minnesota's investment in capital assets for its governmental and business -type activities as of December 31, 2014 amounts to $46,245,563 (net of accumulated depreciation). This investment in capital assets includes land, buildings and structures, improvements, machinery and equipment, park facilities, roads and infrastructure. The total increase in the City of St. Anthony, Minnesota's investment in capital assets for the current fiscal year is 2.84%. 23