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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2018 <br /> <br /> <br /> <br /> <br />The following is a listing of the General Fund departments and Special Revenue Funds whose <br />expenditures exceed budget appropriations: <br /> <br />Final Over <br />Budget Actual Budget <br />Major Fund: <br />General Fund <br />Mayor and council $83,873 $93,537 $9,664 <br />Finance 365,625 371,304 5,679 <br />Planning and zoning 53,672 73,543 19,871 <br />Police protection 3,096,086 3,302,987 206,901 <br />Fire protection 1,100,021 1,105,289 5,268 <br />Protective inspections 94,430 123,208 28,778 <br />Park maintenance 204,469 210,340 5,871 <br />Nondepartmental 38,086 61,262 23,176 <br />Nonmajor Funds: <br />Special Revenue Funds: <br />Police forfeiture fund 6,781 7,170 389 <br />Recycling fund 21,686 21,873 187 <br />HRA fund 145,817 148,966 3,149 <br /> <br />The over expenditures were funded by available fund balance. <br /> <br /> <br />F. CASH AND INVESTMENTS <br /> <br /> Cash and investment balances from all funds are pooled and invested to the extent available in <br />authorized investments. Investment income is allocated to individual funds on the basis of the fund's <br />equity in the cash and investment pool. <br /> <br /> The City provides temporary advances to funds that have insufficient cash balances by means of an <br />advance from another fund shown as interfund receivables in the advancing fund, and an interfund <br />payable in the fund with the deficit, until adequate resources are received. These interfund balances <br />are eliminated on the government-wide financial statements. <br /> <br /> Investments are stated at fair value except for investments in external investment pools that meet the <br />GASB 79 requirement, which are stated at amortized cost. Investment income is accrued at the <br />balance sheet date. <br /> <br />For purposes of the statement of cash flows, the City considers all highly liquid investments with a <br />maturity of three months or less when purchased to be cash equivalents. All of the cash and <br />investments allocated to the Proprietary Funds have original maturities of 90 days or less. Therefore, <br />the entire balance in the Proprietary Funds is considered cash equivalents. <br /> <br /> <br />G. RECEIVABLES AND PAYABLES <br /> <br /> During the course of operations, numerous transactions occur between individual funds for goods <br />provided or services rendered. Short-term interfund loans are classified as “interfund <br />receivables/payables.” All short-term interfund receivables and payables at December 31, 2018 are <br />45