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2017 Annual Report • Finance Department • St. Anthony Village, Minnesota
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<br />INSURANCE
<br />The insurance function provides the appropriate
<br />insurance coverage and protection for all aspects
<br />of City operations. The insurance coverage
<br />includes general liability, liquor liability, property
<br />and casualty, auto, theft, business interruption,
<br />and workers compensation.
<br />The City takes advantage of the League of
<br />Minnesota Cities Insurance Trust’s loss control
<br />programs and its internal Safety Committee as risk
<br />management tools.
<br />The Finance Department confirms that the levels of coverage, lists of covered property and
<br />factors used in liability rating are sufficient and accurate during the annual renewal process. Any
<br />changes in property owned or additional liability assumed is communicated to the League
<br />during the policy period. The City’s workman’s compensation policy insured a total wage risk of
<br />4,976,000 million. Property and casualty coverage insured City assets with a cumulative
<br />replacement value of 36,070,000 million.
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<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 />2010 2011 2012 2013 2014 2015 2016 2017
<br />Comm/Ind $4,385,816 $1,490,416 $1,752,668 $669,605 $1,190,890 $441,948 $4,657,505 $8,265,074
<br />Residential $3,258,815 $3,698,787 $11,552,760 $19,409,844 $5,286,426 $6,914,335 $4,452,177 $4,461,169
<br />Total $7,644,631 $5,189,203 $13,305,428 $20,079,449 $6,477,316 $7,356,283 $9,109,682 $12,726,243
<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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