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1978 CAFR
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1978 CAFR
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F <br />CITY OF ST. ANTHONY, MINNESOTA <br />COMMENTS <br />The City of St. Anthony operates under "Optional Plan B" as defined in the State of <br />Minnesota Statutes. Optional Plan B is known as the council-manager plan. Under <br />this plan, as specified in the Statutes, "The council shall exercise the legislative <br />power of the City and determine all matters of policy. The City manager shall be <br />the head of the administrative branch of the City government and shall be responsible <br />to the council for the proper administration of all affairs relating to the City." <br />The council is composed of five members, including the mayor who is chairman. The City <br />manager is appointed by the council. <br />GENERAL FUND <br />The General Fund is used to account for all revenues and the activities financed <br />by them which are not accounted for in a special fund. The principal sources of <br />revenue are property taxes, licenses and permits, intergovernmental revenue, fines <br />and forfeitures and transfers. Expenditures are for general government, public safety, <br />public works, park maintenance and other functions. A plan of financial operation of <br />the General Fund is set forth in the annual budget adopted by the Council. Revenue <br />exceeded expenditures by $130,657 during 1978 and increased the fund balance to <br />$255,200 at December 31, 1978. A condensed summary of revenue and expenditures <br />compared with the budget for 1978 is shown below. <br />Revenue <br />General property taxes <br />Licenses and permits <br />Intergovernmental revenue <br />Fines, forfeitures and penalties <br />Charges for current services <br />Other revenue <br />Transfers from other funds <br />Revenue collected for other agencies <br />Expenditures <br />General government <br />Public safety <br />Public works <br />Health, sanitation and waste removal <br />Park maintenance <br />Other functions <br />Transfers to other funds <br />Remittances to other agencies <br />SPECIAL REVENUE FUNDS <br />Budget Actual <br />$ 425,692 $ 443,330 <br />13,500 <br />26,563 <br />260,179 <br />275,508 <br />18,605 <br />24,294 <br />5,500 <br />6,352 <br />29,417 <br />28,295 <br />418,501 <br />434,230 <br />2.440 <br />11.171.394 $1.241.012 <br />$ 234,671 <br />484,393 <br />216,763 <br />24,175 <br />26,252 <br />185,140 <br />$ 204,894 <br />477,709 <br />207,415 <br />18,385 <br />22,221 <br />173,568 <br />3,821 <br />2,342 <br />$1.171 394 $1 110,355 <br />Special revenue funds are established to account for taxes and other revenues set <br />aside for a particular purpose. Following is a brief description of each fund. <br />I <br />
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