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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2014
<br />The following is a listing of the General Fund departments and Special Revenue Funds whose
<br />expenditures exceed budget appropriations:
<br />Major Fund:
<br />General Fund
<br />Finance
<br />Legal
<br />Planning and zoning
<br />General government buildings
<br />Police protection
<br />Fire protection
<br />Protective inspections
<br />Equipment maintenance
<br />Tree and weed care
<br />Nondepartmental
<br />Nonmajor Funds:
<br />Special Revenue Funds:
<br />Community Center Fund
<br />HRA Fund
<br />F. CASH AND INVESTMENTS
<br />Final
<br />Over
<br />Budget
<br />Actual
<br />Budget
<br />$256,894
<br />$260,168
<br />$3,274
<br />103,750
<br />162,670
<br />58,920
<br />46,825
<br />59,320
<br />12,495
<br />$61,362
<br />$68,357
<br />6,995
<br />3,047,461
<br />3,084,925
<br />37,464
<br />916,117
<br />1,006,141
<br />90,024
<br />81,623
<br />162,236
<br />80,613
<br />357,089
<br />368,026
<br />10,937
<br />39,588
<br />40,042
<br />454
<br />28,200
<br />59,265
<br />31,065
<br />178,867
<br />192,816
<br />13,949
<br />140,612
<br />143,153
<br />2,541
<br />Cash and investment balances from all funds, except the Liquor Fund, are pooled and invested to the
<br />extent available in authorized investments. Investment income is allocated to individual funds on the
<br />basis of the fund's equity in the cash and investment pool.
<br />The City provides temporary advances to funds that have insufficient cash balances by means of an
<br />advance from another fund shown as interfund receivables in the advancing fund, and an interfund
<br />payable in the fund with the deficit, until adequate resources are received. These interfund balances
<br />are eliminated on the government -wide financial statements.
<br />Investments are stated at fair value, based upon quoted market prices, except for investments in 2a7 -
<br />like external investment pools, which are stated at amortized cost. Investment income is accrued at the
<br />balance sheet date.
<br />For purposes of the statement of cash flows, the City considers all highly liquid investments with a
<br />maturity of three months or less when purchased to be cash equivalents. All of the cash and
<br />investments allocated to the Proprietary Funds have original maturities of 90 days or less. Therefore,
<br />the entire balance in the Proprietary Funds is considered cash equivalents.
<br />Funds held in trust represent bond proceeds related to the Public Facilities Lease Revenue bond issue
<br />which are being held by a trustee. The trustee is responsible for the investment of these funds.
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