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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2014
<br />Interfund transfers:
<br />$130,223
<br />2016 Street Improvement Fund
<br />68,773
<br />Nonmajor funds:
<br />HRA Fund
<br />159,775
<br />Silver Lake Village Park
<br />171,550
<br />Building Improvement Fund
<br />33,805
<br />Transfer In
<br />634,994
<br />Governmental Activities
<br />Business -type
<br />Major Funds
<br />Major Fund
<br />HRA
<br />Street
<br />Nonmajor
<br />Internal
<br />General
<br />Debt
<br />Improvement
<br />Governmental
<br />Service
<br />Water and
<br />Transfer out
<br />Fund
<br />Service
<br />Debt Service
<br />Fund
<br />Fund
<br />Sewer Fund
<br />Total
<br />Governmental activities:
<br />General Fund
<br />$
<br />$ -
<br />$
<br />$64,654
<br />$86,300
<br />$
<br />$150,954
<br />HRA Projects
<br />1,068,700
<br />-
<br />-
<br />1,068,700
<br />Street Improvement Projects
<br />-
<br />152,271
<br />152,271
<br />HRA Debt Service Fund
<br />1,767
<br />-
<br />-
<br />1,767
<br />2012 Street Improvement Project
<br />-
<br />10,330
<br />10,330
<br />Nonmajor
<br />115,000
<br />15,645
<br />130,645
<br />Business -type activities:
<br />Water and Sewer Fund
<br />50,000
<br />50,000
<br />-
<br />100,000
<br />Liquor Fund
<br />214,244
<br />181,200
<br />-
<br />395,444
<br />Total transfers
<br />$264,244
<br />$1,070,467
<br />$152,271
<br />$421,184
<br />$86,300
<br />$15,645
<br />$2,010,111
<br />All of the 2014 transfers are considered routine and consistent with previous practices.
<br />Note 10 DEFICIT FUND BALANCES/NET POSITION
<br />The City has deficit fund balances/net position at December 31, 2014 as follows:
<br />Fund Amount
<br />Major funds:
<br />2015 Street Improvement Fund
<br />$130,223
<br />2016 Street Improvement Fund
<br />68,773
<br />Nonmajor funds:
<br />HRA Fund
<br />159,775
<br />Silver Lake Village Park
<br />171,550
<br />Building Improvement Fund
<br />33,805
<br />Internal Service Fund
<br />634,994
<br />These deficits will be eliminated in certain situations by; increased levy, bond proceeds, charges to other funds
<br />or fund transfers.
<br />Note 11 CONTINGENCIES
<br />A. RISK MANAGEMENT
<br />The City is exposed to various risks of loss related to torts, theft of, damage to and destruction of
<br />assets; errors and omissions; injuries to employees; and natural disasters.
<br />V&A
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