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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2015
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<br />CHANGE IN LONG-TERM LIABILITIES
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<br />Long-term liability activity for the year ended December 31, 2015, was as follows:
<br />
<br />Beginning Ending Due Within
<br />Balance Additions Reductions Balance One Year
<br />Governmental activities:
<br />Bonds payable:
<br />G.O. improvement debt $11,785,000 $2,580,000 ($1,020,000) $13,345,000 $1,160,000
<br />G.O. improvement refunding bonds 5,125,000 - (460,000) 4,665,000 470,000
<br />G.O. street reconstruction bonds 2,695,000 - (1,390,000) 1,305,000 135,000
<br />G.O. revenue bonds 150,000 - (150,000) - -
<br />G.O. state aid street bonds 60,000 - (60,000) - -
<br />G.O. tax abatement bonds 1,225,000 - (135,000) 1,090,000 140,000
<br />G.O. tax increment refunding bonds 7,920,000 4,310,000 (4,365,000) 7,865,000 415,000
<br />G.O. lease revenue refunding bonds 3,415,000 - (290,000) 3,125,000 300,000
<br />Total bonds payable - governmental activities 32,375,000 6,890,000 (7,870,000) 31,395,000 2,620,000
<br />Issuance premiums (discounts)482,350 188,693 (52,784) 618,259 64,210
<br />Total bonded indebtedness 32,857,350 7,078,693 (7,922,784) 32,013,259 2,684,210
<br />Compensated absences 661,966 369,997 (363,531) 668,432 209,333
<br />Total governmental activities
<br />long-term liabilities $33,519,316 $7,448,690 ($8,286,315) $32,681,691 $2,893,543
<br />Business-type activities:
<br />Revenue bonds $1,330,000 $ - ($115,000) $1,215,000 $115,000
<br />Total bonds payable - business-type activities 1,330,000 - (115,000) 1,215,000 115,000
<br />Issuance premiums (discounts)40,948 - (4,508) 36,440 4,508
<br />Total bonded indebtedness 1,370,948 - (119,508) 1,251,440 119,508
<br />Compensated absences 153,726 98,644 (90,323) 162,047 50,748
<br />Total business-type activities
<br />long-term liabilities $1,524,674 $98,644 ($209,831) $1,413,487 $170,256
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<br />For the governmental activities, compensated absences are generally liquidated by the Internal Service
<br />Employee Benefit Fund and loans payable are generally liquidated by the Street Improvement Projects
<br />Fund.
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<br />All long-term bonded indebtedness outstanding at December 31, 2015 is backed by the full faith and credit
<br />of the City, including improvement and revenue bond issues. Delinquent assessments receivable at
<br />December 31, 2015 totaled $6,622.
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