Laserfiche WebLink
Business-type activities. Business-type activities increased net position by $6,186,291. The <br />key factor for the decrease was assets were contributed to the Water/Sewer Funds by the Street <br />Improvement Funds and assets were contributed to the Stormwater Utility Fund by the <br />Stormwater Improvement Fund. Rate increases for all utility services were made for 2015 and <br />2016 billings. <br /> <br /> <br />Financial Analysis of the City’s Funds <br />As noted earlier, the City of St. Anthony uses fund accounting to ensure and demonstrate <br />compliance with finance-related legal requirements. <br /> <br />Governmental funds. The focus of the City of St. Anthony, Minnesota’s governmental funds is <br />to provide information on near-term inflows, outflows, and balances of spendable resources. <br />Such information is useful in assessing the City of St. Anthony, Minnesota’s financing <br />requirements. <br /> <br />As of the end of the current fiscal year, the City of St. Anthony, Minnesota’s governmental funds <br />reported combined ending fund balances of $7,550,160, a decrease of $1,543,684 in comparison <br />with the prior year amounts. <br /> <br />The ending fund balance by GASB 54 designation is as follows: <br /> <br />Nonspendable $109,569 <br />Restricted 6,491,789 <br />Committed 94,107 <br />Assigned 578,258 <br />Unassigned 276,437 <br />Total $7,550,160 <br /> <br />Charges for services <br />99% <br />Miscellaneous <br />1% <br />Revenues by Source - <br />Business-Type Activities <br />21