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CITY OF ST. ANTHONY, MINNESOTA RECONCILIATION OF THE STATEMENT OF REVENUES,Statement 5 EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS For The Year Ended December 31, 2016 With Comparative Amounts For The Year Ended December 31, 2015 2016 2015 Amounts reported for governmental activities in the statement of activities (statement 2) are different because: Net changes in fund balances - total governmental funds (statement 4)$13,293,951 ($1,543,684) Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period.1,986,872 2,182,983 The net effect of various miscellaneous transactions involving capital assets (i.e. sales, trade-ins and donations) is to decrease net position, as follows:(19,598) (50,430) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds.(204,142) 87,516 The issuance of long-term debt (e.g. bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. This amount is the net effect of these differences in the treatment of long-term debt and related items.(404,358) 711,892 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.26,023 174,406 Transfer out of governmental capital assets contributed to Enterprise Funds.(1,174,047) (6,308,128) Internal Service Funds are used by management to charge the cost of severance expense and pension expense to individual funds. This amount is the net income attributable to governmental activities.(1,675,199) (39,984) Governmental funds report pension contributions as expenditures, however, pension expense is reported in the Statement of Activities. This is the amount by which the St. Anthony Fire Department Relief Association pension expense exceeded pension contributions: Pension contributions $57,174 Pension expense (58,446) (1,272) (4,473) Change in net position of governmental activities (statement 2)$11,828,230 ($4,789,902) The accompanying notes are an integral part of these financial statements. 34