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2015 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />16 <br /> <br />“PEAK TO PLA TEA U” <br />City Council and Staff again held workshops to review progress on the City’s Street improvement <br />program and the options available for the years remaining. This analysis included: <br /> Planning use of debt service funds beyond that needed for scheduled retirements <br /> Reviewing future construction costs adequacy <br /> Evaluating Streets reconstruction dates and options <br /> Identifying additional resources for the streets program <br />The process resulted in a reaffirmation of the scheduled reconstruction dates. Resources totaling <br />$301,921 were identified and assigned to mitigating the increase in the 2016 Road Debt Levy. The <br />Debt Levy reduction plan as developed will lower the unchecked high point of the levy until the <br />point the City net benefits from the retirement of prior road debt. <br /> <br />ACTUARIAL SELECTION <br />During 2015 the Finance <br />Department assisted the Saint <br />Anthony Fire Relief Association <br />(SAFR) with selecting an actuary <br />to review the SAFR pension plan <br />assets and liabilities. An actuarial <br />report was required by the <br />Government Accounting <br />Standards Board’s standard no. <br />67. This information is necessary <br />for the SAFR to continue to receive <br />a clean audit opinion.