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2014 CAFR
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2014 CAFR
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The City of St. Anthony, Minnesota maintains an "AA" rating from Standard and Poor's for <br />general obligation debt. State statutes limit the amount of general obligation debt the City may <br />issue to 3% of its total market value. The current debt limitation for the City of St. Anthony, <br />Minnesota is $20,226,682, which is in excess of the City of St. Anthony, Minnesota's <br />$6,110,000 outstanding general obligation debt, excluding tax increment, special assessment, and <br />HRA bonds. Additional information on the City of St. Anthony, Minnesota's long-term debt can <br />be found in Note 6. <br />Economic Factors and Next Year's Budgets and Rates <br />• Healthy financial profile with a stable outlook including a very strong general fund balance. <br />• Strong income and wealth indicators relative to national levels. <br />• The stable outlook reflects expectations that St. Anthony will continue to maintain balanced <br />operations. <br />• Good management practices, including extensive financial planning to maintain acceptable <br />service levels while being sensitive to increases in property taxes remains the most <br />significant challenge. <br />These factors were considered in preparing the City of St. Anthony, Minnesota's budget for the <br />2015 fiscal year. <br />Requests for Information <br />This financial report is designed to provide a general overview of the City of St. Anthony, <br />Minnesota's finances for all those with an interest in the government's finances. Questions <br />concerning any of the information provided in this report or requests for additional financial <br />information should be addressed to the Office of the Finance Director, City of St. Anthony, <br />Minnesota, 3301 Silver Lake Road, St. Anthony, Minnesota, 55418. <br />25 <br />
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