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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2016
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<br />CHANGE IN LONG-TERM LIABILITIES
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<br />Long-term liability activity for the year ended December 31, 2016, was as follows:
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<br />Beginning Ending Due Within
<br />Balance Additions Reductions Balance One Year
<br />Governmental activities:
<br />Bonds payable:
<br />G.O. improvement debt $13,345,000 $1,455,000 ($1,160,000) $13,640,000 $1,330,000
<br />G.O. improvement refunding bonds 4,665,000 - (470,000) 4,195,000 485,000
<br />G.O. street reconstruction bonds 1,305,000 - (135,000) 1,170,000 135,000
<br />G.O. tax abatement bonds 1,090,000 1,445,000 (140,000) 2,395,000 730,000
<br />G.O. tax increment refunding bonds 7,865,000 - (415,000) 7,450,000 385,000
<br />G.O. lease revenue refunding bonds 3,125,000 - (300,000) 2,825,000 315,000
<br />Total bonds payable - governmental activities 31,395,000 2,900,000 (2,620,000) 31,675,000 3,380,000
<br />Issuance premiums (discounts)618,259 69,485 (67,340) 620,404 69,577
<br />Total bonded indebtedness 32,013,259 2,969,485 (2,687,340) 32,295,404 3,449,577
<br />Compensated absences 668,432 433,649 (449,143) 652,938 208,086
<br />Total governmental activities
<br />long-term liabilities $32,681,691 $3,403,134 ($3,136,483) $32,948,342 $3,657,663
<br />Business-type activities:
<br />Revenue bonds $1,215,000 $ - ($115,000) $1,100,000 $125,000
<br />Total bonds payable - business-type activities 1,215,000 - (115,000) 1,100,000 125,000
<br />Issuance premiums (discounts)36,440 - (4,507) 31,933 4,508
<br />Total bonded indebtedness 1,251,440 - (119,507) 1,131,933 129,508
<br />Compensated absences 162,047 35,323 (36,869) 160,501 51,218
<br />Total business-type activities
<br />long-term liabilities $1,413,487 $35,323 ($156,376) $1,292,434 $180,726
<br />For the governmental activities, compensated absences are generally liquidated by the Internal Service
<br />Employee Benefit Fund.
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<br />All long-term bonded indebtedness outstanding at December 31, 2016 is backed by the full faith and credit
<br />of the City, including improvement and revenue bond issues. Delinquent assessments receivable at
<br />December 31, 2016 totaled $11,897.
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