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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2015 <br /> <br /> <br /> <br />The standard required retroactive implementation which resulted in a restatement of net position as of <br />December 31, 2014. Certain amounts necessary to fully restate 2014 financial information are not <br />determinable, therefore, prior year comparative amounts have not been restated. Details of the prior period <br />adjustment are as follows: <br /> <br />Pension Benefits <br />Governmental Internal <br />Activities Service Fund <br />Net position - January 1, 2015, as previously reported $15,524,257 $ - <br />Prior period adjustment: <br />Deferred outflows of resources - pension related 265,222 265,222 <br />Net pension liability (4,813,862) (4,813,862) <br />Net pension asset 205,387 - <br />Net position - January 1, 2015, as restated $11,181,004 ($4,548,640) <br /> <br /> <br />Note 20 SUBSEQUENT EVENTS <br /> <br />The City issued the $1,455,000 G.O. Improvement Bonds, Series 2016A and the $1,445,000 G.O. Tax <br />Abatement Bonds, Series 2016B on May 10, 2016 to fund various public improvements within the city. <br /> <br /> <br />89