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The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end of the current fiscal year, unassigned fund balance of the General Fund was $2,338,600, while total fund balance reached $2,446,012. As a measure of the General Fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 36.5% of total General Fund expenditures and total fund balance represents 38.1% of that same amount. During the current fiscal year, the fund balance in the General Fund decreased by $29,469. The Street Improvement Debt Service Fund decreased by $962,051 as debt was refinanced in 2014 and proceeds were used for retirement of debt in early 2015. The Street Improvement Project Funds decreased by $293,107 substantially due to preliminary costs related to the 2016 Street improvements were greater than 2015 preliminary costs. Each year these costs are funded by subsequent year’s bond proceeds. Non-major Special Revenue Funds increased by $181,250 resulting in an ending balance of $77,040, substantially due to additional transfer revenue for the HRA fund. Non-major Debt Service Funds had a total fund balance of $870,095, all of which is restricted for the payment of debt service. The net decrease in fund balance during the current year in the non- major debt service funds was $128,716, substantially due to the Storm Water and State aid bonds being retired and the funds closed in 2015. Non-major Capital Project Funds had a total fund balance of $552,910, a decrease of $316,042, substantially due to the transfers to close the Storm Water Improvement in 2015 and transfers to other funds to eliminate negative cash or fund balances. Proprietary funds. The City of St. Anthony, Minnesota’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Total net position in the Liquor Operations, Water and Sewer Funds, and Stormwater Utility Fund at the end of the year combined was $17,809,786. The total net position for each fund was: Liquor – $2,114,244; Water and Sewer – $9,884,913; Stormwater Utility - $5,810,629. General Fund Budgetary Highlights Variances from actual to budget can be briefly summarized as follows:  Licenses and permits were $89,160 greater than budget primarily due to construction related permits being $75,297 greater than budget based of a high level of activity.  General property taxes were $41,019 less than budget due to delinquent tax and excess tax increment collections being less than budgeted.  Charges for services were less than budget by $24,984 due to contracted gasoline cost per gallon being less than budget so charges for gasoline to other governmental reflected this lesser cost.  Other revenues were $51,982 greater than budget due to: dividends on workers compensation insurance were not expected to be distributed by the League of Minnesota 22