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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2018 <br /> <br /> <br /> <br /> <br />Another element of that reconciliation states that “the net effect of various miscellaneous <br />transactions involving capital assets (i.e. sales, trade-ins, and donations) is to decrease net <br />position.” The details of this ($7,522) difference are as follows: <br /> <br />The statement of activities reports losses arising <br />from the trade-in or disposal of existing capital <br />assets to acquire new capital assets. Conversely, <br />governmental funds do not report any gain or loss <br />on a trade-in of capital assets. ($7,522) <br />Net adjustment to decrease net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities. ($7,522) <br /> <br />Another element of that reconciliation states that “revenues in the statement of activities that do <br />not provide current financial resources are not reported as revenues in the funds”. The details of <br />this $120,037 difference is as follows: <br /> <br />Unavailable revenue - general property taxes: <br />At December 31, 2017 ($34,687) <br />At December 31, 2018 55,444 <br />Unavailable revenue - tax increment taxes: <br />At December 31, 2017 (36,690) <br />At December 31, 2018 46,028 <br />Unavailable revenue - special assessments: <br />At December 31, 2017 (1,786,429) <br />At December 31, 2018 1,876,371 <br />Unavailable revenue - intergovernmental: <br />At December 31, 2017 (25,000) <br />At December 31, 2018 25,000 <br />Net adjustments to increase net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities.$120,037 <br /> <br />52