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2016 Annual Report • Finance Department • St. Anthony Village, Minnesota
<br />
<br />
<br />
<br />8
<br />
<br />Wage Risk,
<br />4,900,000
<br />City Assets,
<br />29,600,000
<br />INSURANCE
<br />The insurance function provides the appropriate insurance
<br />coverage and protection for all aspects of City operations.
<br />The insurance coverage includes general liability, liquor
<br />liability, property and casualty, auto, theft, business
<br />interruption, and workers compensation.
<br />The City takes advantage of the League of Minnesota Cities
<br />Insurance Trust’s loss control programs and its internal
<br />Safety Committee as risk management tools.
<br />The Finance Department confirms that the levels of
<br />coverage, lists of covered property and factors used in liability rating are sufficient and accurate
<br />during the annual renewal process. Any changes in property owned or additional liability
<br />assumed is communicated to the League during the policy period. The City’s workman’s
<br />compensation policy insured a total wage risk of 4.8 million. Property and casualty coverage
<br />insured City assets with a cumulative replacement value of 29.6 million.
<br />
<br />LICENSE/PERMITS
<br />This function provides billing and collection services for building/remodeling permits and
<br />coordination of inspections with the New Brighton Building Official. Annual fees and licenses as
<br />set forth in the city ordinances are also processed using specialized permitting software.
<br />2009 2010 2011 2012 2013 2014 2015 2016
<br />Comm/Ind $16,101,795 $4,385,816 $1,490,416 $1,752,668 $669,605 $1,190,890 $441,948 $4,657,505
<br />Residential $6,339,574 $3,258,815 $3,698,787 $11,552,760 $19,409,844 $5,286,426 $6,914,335 $4,452,177
<br />Total $22,441,369 $7,644,631 $5,189,203 $13,305,428 $20,079,449 $6,477,316 $7,356,283 $9,109,682
<br />$0
<br />$5,000,000
<br />$10,000,000
<br />$15,000,000
<br />$20,000,000
<br />$25,000,000
<br />Building Permit Valuation
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