1980 CAFR - Laserfiche WebLink

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CITY OF ST. ANTHONY COMMENTS The City of St. Anthony operates under "Optional Plan B" as defined in the State of Minnesota Statutes. Optional Plan B is known as the council-manager plan. Under this plan, as specified in the Statutes, "The council shall exercise the legislative power of the City and determine all matters of policy. The City manager shall be the head of the administrative branch of the City government and shall be responsible to the council for the proper administration of all affairs relating to the City." The council is composed of five members, including the mayor who is chairman. The City manager is appointed by the council. General Fund The General Fund accounts for all revenue and the related activities not required to be accounted for in another fund. The principal sources of revenue are general property taxes, intergovernmental revenue and transfers from other funds. Expenditures are for general government, public safety, public works and park maintenance. A plan of financial operation of the General Fund is set forth in the annual budget adopted by the City Council. Revenue exceeded expenditures by $91,965 during 1980 increasing the fund balance to $428,515 at December 31, 1980, of which $28,289 is appropriated for severance payments. A condensed summary of revenue and expenditures compared with the budget for the year ended December 31, 1980 is shown below: -1- ....A,z--a- Budget Actual Revenue and Other Sources General Property Taxes $ 396,212 $ 398,892 Licenses and Permits 14,000 21,384 Intergovernmental Revenue 363,324 380,325 Fines and Forfeitures 24,000 18,305 Charges for Current Services 3,000 4,225 Other Revenue 43,200 42,687 Transfers from Other Funds 429,785 460,129 Totals $1,273,521 $1,325,947 Expenditures General Government $ 300,028 $ 286,317 Public Safety 662,636 643,370 Public Works 290,301 284,038 Park Maintenance 20,556 20,257 Totals $1,273,521 $1,233,982 -1- ....A,z--a-