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General Fund Budget statement to such effect; provided,however, if such operations have been replaced by other City
<br /> operations in respect of which data is not included in the Disclosure Information and the City
<br /> Bud-get d-g 2002 determines that certain specified data regarding such replacement operations would be a Material
<br /> Budget Fact, then, from and after such determination, the Disclosure Information shall include such
<br /> Revenues:
<br /> Property Taxes and Homestead Credit $1,766,475 $2,210,467 additional specified data regarding the replacement operations.
<br /> Licenses and Permits 110,050 122,700 If the Disclosure Information is changed or the Disclosure Covenants are amended as
<br /> Intergovernmental Revenue(a) 1,301,200 942,545 permitted by the Bond Resolution, then the City is to include in the next Disclosure Information
<br /> Charges for Services 100,000 105,000 to be delivered under the Disclosure Covenants, to the extent necessary, an explanation of the
<br /> Miscellaneous 142,150 145,788
<br /> Transfers 100.000 _ 100,000 reasons for the amendment and the effect of any change in the type of financial information or
<br /> ' operating data provided.
<br /> Total Revenues $3,519,875 $3,626,500
<br /> Expenditures: Certain Material Events
<br /> General Government $ 915,100 $ 837,600 In a timely anner, notice of the occurrence of an of the following events which is a
<br /> Police(b) Y Y g
<br /> 1,474,800 1,580,400 Material Fact(the "Material Events")
<br /> :
<br /> Fire 527,975 555,900
<br /> Public Works 496,900 543,400
<br /> Parks 105.100 109.200 (1) Principal and interest payment delinquencies;
<br /> (2) Non-payment related defaults;
<br /> Total Expenditures $3,519,875 $3,626,500 (3) Unscheduled draws on debt service reserves reflecting financial
<br /> difficulties;
<br /> (a) Includes revenues from Lauderdale/Falcon Heights police contracts. (4) Unscheduled draws on credit enhancements reflecting financial
<br /> (b) Includes Lauderdale/Falcon Heights Police contract expenses. difficulties;
<br /> (5) Substitution of credit or liquidity providers, or their failure to perform;
<br /> Employee Pensions (6) Adverse tax opinions or events affecting the tax-exempt status of the
<br /> security;
<br /> All full-time and certain part-time employees of the City of St. Anthony are covered by defined (7) Modifications to rights of security holders;
<br /> benefit pension plans administered by the Public Employees Retirement Association of (8) Bond calls;
<br /> Minnesota (PERA). The PERA administers the Public Employees Retirement Fund (PERF) and (9) Defeasances;
<br /> the Public Employees Police and Fire Fund (PEPFF) which are cost-sharing multiple-employer (10) Release, substitution, or sale of property securing repayment of the
<br /> public employee retirement plans. PERF members belong to either the Coordinated Plan or the securities; and
<br /> Basic Plan. Coordinated members are covered by Social Security and Basic members are not.
<br /> All new members must participate in the Coordinated Plan. All police officers, fire fighters and (11) Rating changes.
<br /> peace officers who qualify for membership by statute are covered by the PEPFF. The City's
<br /> contributions for employees covered by PERA for the year ended December 31, 2000, 1999 Certain Other Information
<br /> and 1998 were $199,050, $218,135, and $204,546, respectively.
<br /> In a timely manner, notice of the occurrence of any of the following events or conditions:
<br /> The St. Anthony Firefighters Relief Association is the administrator of a single employer
<br /> retirement system established to provide pension and other benefits to its membership in (A) the failure of the City to provide the Disclosure Information at the
<br /> accordance with Minnesota Statutes. The Association maintains a separate Special Fund to time specified under"Annual Information" above;
<br /> accumulate assets to fund the retirement benefits earned by its membership. Funding of the
<br /> Association is derived primarily from an insurance premium tax in accordance with the
<br /> Volunteer Firefighter's Relief Association Financing Guidelines Act of 1971. (B) the amendment or supplementing of the Disclosure Covenants
<br /> pursuant to the Bond Resolution, together with a copy of such amendment or
<br /> supplement and any explanation provided by the City under the Disclosure
<br /> Covenants;
<br /> (C) the termination of the obligations of the City under the Disclosure
<br /> Covenants pursuant to the Bond Resolution;
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<br /> I I-3
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