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<br />
<br />City of St. Anthony, Minnesota’s Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2017 2016 2017 2016 2017 2016
<br />
<br />Current and other assets $19,809,914 $24,966,779 $4,314,460 $3,802,270 $24,124,374 $28,769,049
<br />Capital assets 35,203,865 35,456,075 23,184,164 15,218,139 58,388,029 50,674,214
<br />Total assets $55,013,779 $60,422,854 $27,498,624 $19,020,409 $82,512,403 $79,443,263
<br />Total deferred outflows of resources $5,681,820 $9,856,765 $0 $0 $5,681,820 $9,856,765
<br />Long term liabilities outstanding $38,976,843 $48,102,711 $1,288,644 $1,387,308 $40,265,487 $49,490,019
<br />Other liabilities 3,042,302 2,237,225 528,749 450,152 3,571,051 2,687,377
<br />Total liabilities $42,019,145 $50,339,936 $1,817,393 $1,837,460 $43,836,538 $52,177,396
<br />Total deferred inflows of resources $6,951,071 $1,720,351 $0 $0 $6,951,071 $1,720,351
<br />Net position:
<br /> Invested in capital assets net of related debt $10,274,946 $10,024,670 $22,151,578 $14,011,168 $32,426,524 $24,035,838
<br /> Restricted 6,780,816 6,505,620 - - 6,780,816 6,505,620
<br /> Unrestricted (5,330,379) 1,689,042 3,529,653 3,171,781 (1,800,726)4,860,823
<br />Total net position $11,725,383 $18,219,332 $25,681,231 $17,182,949 $37,406,614 $35,402,281
<br />
<br />The City’s net position increased by $2,004,333 in 2017. The increase was primarily due to
<br />revenues exceeding expenses.
<br />
<br />City of St. Anthony, Minnesota’s Changes in Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2017 2016 2017 2016 2017 2016
<br />Revenues:
<br />Program revenue:
<br />Charges for services $2,281,654 $2,212,526 $8,003,618 $7,954,087 $10,285,272 $10,166,613
<br />Operating grants and contributions 630,316 10,969,360 - 130,932 630,316 11,100,292
<br />Capital grants and contributions 1,604,844 1,643,911 569,716 1,166,747 2,174,560 2,810,658
<br />General revenue:
<br />Property taxes 6,577,570 6,160,156 - - 6,577,570 6,160,156
<br />Other taxes 1,530,093 1,455,090 - - 1,530,093 1,455,090
<br />Grants and contributions
<br />not restricted to specific programs 535,422 530,110 - - 535,422 530,110
<br />Other 676,616 1,468,922 94,525 95,902 771,141 1,564,824
<br />Total revenues 13,836,515 24,440,075 8,667,859 9,347,668 22,504,374 33,787,743
<br />Expenses:
<br />General government 1,337,698 1,319,451 - - 1,337,698 1,319,451
<br />Public safety 6,018,470 7,053,595 - - 6,018,470 7,053,595
<br />Public works 2,988,291 4,134,783 - - 2,988,291 4,134,783
<br />Parks and recreation 472,700 472,436 - - 472,700 472,436
<br />Housing and redevelopment 787,775 793,834 - - 787,775 793,834
<br />Interest on long-term debt 738,914 794,584 - - 738,914 794,584
<br />Liquor - - 5,591,683 5,676,892 5,591,683 5,676,892
<br />Water - - 1,176,102 1,083,240 1,176,102 1,083,240
<br />Sewer - - 1,144,273 1,048,937 1,144,273 1,048,937
<br />Stormwater - - 244,135 191,655 244,135 191,655
<br />Total expenses 12,343,848 14,568,683 8,156,193 8,000,724 20,500,041 22,569,407
<br />Excess before transfers 1,492,667 9,871,392 511,666 1,346,944 2,004,333 11,218,336
<br />Transfers (7,986,616) 1,956,838 7,986,616 (1,956,838) - -
<br />Increase (decrease) in net position (6,493,949) 11,828,230 8,498,282 (609,894) 2,004,333 11,218,336
<br />Net position - January 1 18,219,332 6,391,102 17,182,949 17,792,843 35,402,281 24,183,945
<br />Net position - December 31 $11,725,383 $18,219,332 $25,681,231 $17,182,949 $37,406,614 $35,402,281
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