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<br />
<br />The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end
<br />of the current fiscal year, unassigned fund balance of the General Fund was $2,204,185, while
<br />total fund balance reached $2,319,667. As a measure of the General Fund’s liquidity, it may be
<br />useful to compare both unassigned fund balance and total fund balance to total fund
<br />expenditures. Unassigned fund balance represents 30% of total General Fund expenditures and
<br />total fund balance represents 32% of that same amount.
<br />
<br />During the current fiscal year, the fund balance in the General Fund decreased by $126,345.
<br />
<br />The Street Improvement Debt Service Fund increased by $328,598 as revenue exceeded
<br />expenses by $112,860 along with other financing sources of $215,738.
<br />
<br />The HRA TIF Improvement Fund increased by $134,134, substantially due to greater Tax
<br />Increment revenues.
<br />
<br />The Street Improvement Project Funds increased by $1,398,195. This increase includes
<br />$1,094,828 in reimbursement in construction costs for a street shared with another city. In
<br />addition overall street construction costs decrease by $303,390 compared to 2015.
<br />
<br />Non-major Special Revenue Funds increased by $30,488 resulting in an ending balance of
<br />$107,528, substantially due to reduced Community Center operating expenditures of $20,369
<br />and an overall increase in special funds revenue of $8,883.
<br />
<br />Non-major Debt Service Funds had a total fund balance of $905,961, $906,411 of which is
<br />restricted for the payment of debt service. The net increase in fund balance during the current
<br />year in the non-major debt service funds was $35,866, substantially due to revenues being
<br />greater than debt service expenditures by that amount.
<br />
<br />Non-major Capital Project Funds had a total fund balance of $1,945,769, an increase of
<br />$1,392,859, substantially due to $1,053,004 in Municipal State Aid revenue in 2016.
<br />
<br />Proprietary funds. The City of St. Anthony, Minnesota’s proprietary funds provide the same
<br />type of information found in the government-wide financial statements, but in more detail.
<br />
<br />Total net position in the Liquor Operations, Water and Sewer Funds, and Stormwater Utility
<br />Fund at the end of the year combined was $17,320,726. The total net position for each fund was:
<br />Liquor – $2,128,598; Water and Sewer – $8,026,604; Stormwater Utility - $7,165,524.
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