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<br />
<br />City of St. Anthony, Minnesota’s Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2016 2015 2016 2015 2016 2015
<br />
<br />Current and other assets $24,966,779 $10,650,903 $3,802,270 $6,591,829 $28,769,049 $17,242,732
<br />Capital assets 35,456,075 34,662,848 15,218,139 13,394,598 50,674,214 48,057,446
<br />Total assets $60,422,854 $45,313,751 $19,020,409 $19,986,427 $79,443,263 $65,300,178
<br />Total deferred outflows of resources $9,856,765 $1,080,208 $0 $0 $9,856,765 $1,080,208
<br />Long term liabilities outstanding $44,445,048 $35,227,963 $1,206,582 $1,329,496 $45,651,630 $36,557,459
<br />Other liabilities 5,894,888 4,013,993 630,878 864,088 6,525,766 4,878,081
<br />Total liabilities $50,339,936 $39,241,956 $1,837,460 $2,193,584 $52,177,396 $41,435,540
<br />Total deferred inflows of resources $1,720,351 $760,901 $0 $0 $1,720,351 $760,901
<br />Net position:
<br /> Invested in capital assets net of related debt $10,024,670 $10,604,121 $14,011,168 $12,143,158 $24,035,838 $22,747,279
<br /> Restricted 6,308,547 6,178,866 - - 6,308,547 6,178,866
<br /> Unrestricted 1,886,115 (10,391,885) 3,171,781 5,649,685 5,057,896 (4,742,200)
<br />Total net position $18,219,332 $6,391,102 $17,182,949 $17,792,843 $35,402,281 $24,183,945
<br />The City’s net position increased by $11,218,336 in 2016. The increase was primarily due to the
<br />United States Army settlement proceeds of $10,565,371.
<br />
<br />City of St. Anthony, Minnesota’s Changes in Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2016 2015 2016 2015 2016 2015
<br />Revenues:
<br />Program revenue:
<br />Charges for services $2,212,526 $2,414,912 $7,954,087 $7,793,551 $10,166,613 $10,208,463
<br />Operating grants and contributions 10,969,360 499,126 130,932 - 11,100,292 499,126
<br />Capital grants and contributions 1,643,911 1,367,745 1,166,747 - 2,810,658 1,367,745
<br />General revenue:
<br />Property taxes 6,160,156 5,893,900 - - 6,160,156 5,893,900
<br />Other taxes 1,455,090 1,121,627 - - 1,455,090 1,121,627
<br />Grants and contributions
<br />not restricted to specific programs 530,110 516,015 - - 530,110 516,015
<br />Other 1,468,922 326,589 95,902 175,071 1,564,824 501,660
<br />Total revenues 24,440,075 12,139,914 9,347,668 7,968,622 33,787,743 20,108,536
<br />Expenses:
<br />General government 1,319,451 1,342,360 - - 1,319,451 1,342,360
<br />Public safety 7,053,595 4,757,637 - - 7,053,595 4,757,637
<br />Public works 4,134,783 2,741,411 - - 4,134,783 2,741,411
<br />Parks and recreation 472,436 592,892 - - 472,436 592,892
<br />Housing and redevelopment 793,834 596,444 - - 793,834 596,444
<br />Interest on long-term debt 794,584 845,856 - - 794,584 845,856
<br />Liquor - - 5,676,892 5,728,876 5,676,892 5,728,876
<br />Water - - 1,083,240 869,446 1,083,240 869,446
<br />Water filtration and purification - - - 185,964 - 185,964
<br />Sewer - - 1,048,937 - 1,048,937 -
<br />Stormwater - - 191,655 1,051,261 191,655 1,051,261
<br />Total expenses 14,568,683 10,876,600 8,000,724 7,835,547 22,569,407 18,712,147
<br />Excess before transfers 9,871,392 1,263,314 1,346,944 133,075 11,218,336 1,396,389
<br />Transfers 1,956,838 (6,053,216) (1,956,838) 6,053,216 - -
<br />Increase (decrease) in net position 11,828,230 (4,789,902) (609,894) 6,186,291 11,218,336 1,396,389
<br />Net position - January, as previously reported 6,391,102 15,524,257 17,792,843 11,606,552 24,183,945 27,130,809
<br />Prior period adjustment - (4,343,253) - - - (4,343,253)
<br />Net position - January, as restated 6,391,102 11,181,004 17,792,843 11,606,552 24,183,945 22,787,556
<br />Net position - December 31 $18,219,332 $6,391,102 $17,182,949 $17,792,843 $35,402,281 $24,183,945
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