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<br /> <br />The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end <br />of the current fiscal year, unassigned fund balance of the General Fund was $2,381,460, while <br />total fund balance reached $2,507,764. As a measure of the General Fund’s liquidity, it may be <br />useful to compare both unassigned fund balance and total fund balance to total fund <br />expenditures. Unassigned fund balance represents 35% of total General Fund expenditures and <br />total fund balance represents 37% of that same amount. <br /> <br />During the current fiscal year, the fund balance in the General Fund increased by $107,650 due <br />to increase of transfers from $200,000 to $357,870. <br /> <br />The Street Improvement Debt Service Fund increased by $406,532. Expenditures exceeded <br />revenues by $24,971, however, other financing sources of $431,503 ultimately created an <br />increase in fund balance. <br /> <br />The HRA TIF Debt Service Fund decreased by $1,503 due to transferred revenue that covered <br />only principal and interest expenditures. <br /> <br />The HRA TIF Improvement Fund increased by $155,224, substantially due to a decrease in <br />Construction and acquisitions costs of $130,329. <br /> <br />The Street Improvement Project Funds increased by $268,342 due to transfer revenue of <br />$226,794 received from Enterprise funds for utility related improvements. <br /> <br />The Public Utilities Infrastructure Fund decreased by $504,467 substantially due to costs related <br />to fiber expansions, well improvements, and purchase of heavy equipment. <br /> <br />Non-major Special Revenue Funds increased by $9,173 resulting in an ending balance of <br />$167,316, substantially due to the increase in general property tax revenue of $6,445. <br /> <br />Non-major Debt Service Funds had a total fund balance of $1,080,186, all of which is restricted <br />for the payment of debt service. The net increase in fund balance during the current year in the <br />non-major debt service funds was $33,011, substantially due to transfer revenue of $68,880 <br />received from Enterprise funds for utility related improvements. <br /> <br />Non-major Capital Project Funds had a total fund balance of $1,023,945, a decrease of $971,640 <br />from prior year, substantially due to increase in capital related expenditures of $646,721. <br /> <br />Proprietary funds. The City of St. Anthony, Minnesota’s proprietary funds provide the same <br />type of information found in the government-wide financial statements, but in more detail. <br /> <br />Total net position in the Liquor Operations, Water and Sewer Funds, and Stormwater Utility <br />Fund at the end of the year combined was $26,869,580. The total net position for each fund was: <br />Liquor – $2,184,515; Water and Sewer – $16,669,114; Stormwater Utility - $8,015,951. <br />23