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CITY OF ST. ANTHONY <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 1984 <br />Note 2. Reporting Entity <br />For the year ended December 31, 1984 the City has implemented National Council on <br />Governmental Accounting Statement No. 3, Defining the Governmental Reporting Entity. <br />In accordance with Statement No. 3, the City's financial statements for financial <br />reporting purposes include all funds, account groups and other organizations over <br />which the City Council exercises oversight responsibility. <br />The determination of oversight responsibility includes the following criteria; <br />public scope of organization, selection of governing board, designation of <br />management and financial interdependency including review and approval of budgets <br />and approval of property tax levies. <br />As a result of applying the criteria above, the Housing and Redevelopment Authority <br />of the City of St. Anthony, Minnesota (HRA) has been included in the City's <br />financial statements. The HRA was established by the City under statutes of the <br />State of Minnesota to assist and support housing and redevelopment projects <br />undertaken within the City which are under the statutory authority of the HRA. The <br />governing board and management of HRA are appointed by the City Council which also <br />reviews and approves budgets and tax levies. <br />The St. Anthony Firefighters Relief Association is organized as a nonprofit <br />organization to provide pension and other benefits to its members in accordance with <br />Minnesota statutes. The board of directors is appointed by the membership of the <br />Association. The Association receives state aids and pays benefits directly to its <br />members. As a result, the activities of the Association have not been included in <br />the accompanying financial statements. <br />Note 3. Property, Plant and Equipment <br />The following is a summary of the property, plant and equipment of the proprietary <br />fund types at December 31, 1984: <br />Liquor Water Sewer <br />Fund Fund Fund <br />Land and Improvements <br />Buildings and Structures <br />Distribution and Collection System <br />Furniture, Fixtures and Equipment <br />Less Accumulated Depreciation <br />$ 11,152 $ 7,006 <br />491,129 665,202 <br />1,468,292 <br />334,671 116,708 <br />836,952 2,257,208 <br />468,154 1,374,673 <br />$368,798 $ 882,535 <br />MRD <br />$ 3,645 <br />9,000 <br />1,046,615 <br />69,337 <br />1,128,597 <br />583,100 <br />$ 545,497 <br />