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Insurance Trust for 2015; conservative budgeting for interest earnings and investment
<br />gains; greater activity associated with refunds and reimbursements of costs than
<br />anticipated.
<br /> Legal contracted services were greater than budget by $24,279 due to costs associated
<br />with monitoring and managing a land use settlement agreement.
<br /> Public Works was $62,762 less than budget due to: contracted gasoline price per gallon
<br />being less than budgeted; winter conditions were mild resulting in savings on overtime
<br />and seasonal rink costs; street lighting and repair and maintenance costs were less than
<br />budgeted.
<br /> Police protection was $97,615 less than budget due to the result of changes in benefit
<br />elections; contracted gasoline cost per gallon being less than budgeted; wages and
<br />pension costs were budgeted conservatively; use of jail services was lower than budgeted.
<br /> Protective Inspections – other services and charges was $42,111 greater than budget due
<br />to greater construction permit related revenues.
<br />
<br />Capital Asset and Debt Administration
<br />
<br />Capital Assets. The City of St. Anthony, Minnesota’s investment in capital assets for its
<br />governmental and business-type activities as of December 31, 2015 amounts to $48,057,446 (net
<br />of accumulated depreciation). This investment in capital assets includes land, buildings and
<br />structures, improvements, machinery and equipment, park facilities, roads and infrastructure.
<br />The total increase in the City of St. Anthony, Minnesota’s investment in capital assets for the
<br />current fiscal year is 3.92%.
<br />
<br />Major capital asset events during the current fiscal year included the following:
<br />
<br /> The annual street reconstruction and infrastructure improvement project is reflected in the
<br />Construction in progress along with Highway safety improvement project, Southeast
<br />Regional Stormwater treatment system and the Mirror Lake storm water project.
<br />
<br />City of St. Anthony, Minnesota’s Capital Assets
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2015 2014 2015 2014 2015 2014
<br />Land $1,662,883 $3,747,184 $2,089,954 $5,653 $3,752,837 $3,752,837
<br />Land improvement 555,181 555,181 - - 555,181 $555,181
<br />Buildings and structures 9,966,796 9,836,936 3,883,283 3,883,283 13,850,079 $13,720,219
<br />Furniture and fixtures 3,994,838 3,899,084 1,726,693 1,455,295 5,721,531 $5,354,379
<br />Software intangibles 6,823 6,823 26,022 26,022 32,845 $32,845
<br />Infrastructure/streets 33,806,042 32,438,813 10,261,912 8,636,295 44,067,954 $41,075,108
<br />Storm sewers 428,469 428,469 - - 428,469 $428,469
<br />Storm water - 2,253,147 2,253,147 - 2,253,147 $2,253,147
<br />Less accumulated depreciation (18,924,558) (17,406,583) (7,574,877) (6,771,562) (26,499,435) ($24,178,145)
<br />Construction in progress 3,166,374 3,079,369 728,464 172,154 3,894,838 $3,251,523
<br />Total $34,662,848 $38,838,423 $13,394,598 $7,407,140 $48,057,446 $46,245,563
<br />Additional information on the City of St. Anthony, Minnesota’s capital assets can be found in
<br />Note 5.
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