1981 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 $120,224 during 1981 increasing the fund balance to $548,739 at December 31, 1981, of which $26,968 is appropriated for severance payments. A condensed summary of revenue and expenditures compared with the budget for the year ended December 31, 1981 is shown below: $1,371,885 $1,307,413 -1- Budget Actual Revenue and Other Sources General Property Taxes $ 388,168 $ 391,167 Licenses and Permits 16,000 20,598 Intergovernmental Revenue 375,720 390,566 Fines and Forfeitures 20,000 54,508 Charges for Current Services 2,000 2,060 Other Revenue 46,000 74,738 Transfers from Other Funds 494,000 494,000 $1,341,888 $1,427,637 Expenditures General Government $ 345,545 $ 316,668 Public Safety 685,780 678,533 Public Works 321,560 303,911 Park Maintenance 19,000 8,301 $1,371,885 $1,307,413 -1-