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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2018
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<br />CHANGE IN LONG-TERM LIABILITIES
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<br />Long-term liability activity for the year ended December 31, 2018, was as follows:
<br />Beginning Ending Due Within
<br />Balance Additions Reductions Balance One Year
<br />Governmental activities:
<br />Bonds payable:
<br />G.O. improvement debt $14,690,000 $2,610,000 ($1,355,000) $15,945,000 $1,415,000
<br />G.O. refunding bonds 3,710,000 - (490,000) 3,220,000 500,000
<br />G.O. street reconstruction bonds 1,035,000 - (140,000) 895,000 140,000
<br />G.O. tax abatement bonds 1,640,000 - (180,000) 1,460,000 180,000
<br />G.O. tax increment refunding bonds 7,065,000 - (405,000) 6,660,000 420,000
<br />G.O. lease revenue refunding bonds 2,510,000 - (325,000) 2,185,000 335,000
<br />G.O. equipment certificates 520,000 - - 520,000 50,000
<br />Total bonds payable - governmental activities 31,170,000 2,610,000 (2,895,000) 30,885,000 3,040,000
<br />Issuance premiums (discounts)793,291 92,831 (91,473) 794,649 -
<br />Total bonded indebtedness 31,963,291 2,702,831 (2,986,473) 31,679,649 3,040,000
<br />Compensated absences 658,341 382,589 (383,336) 657,594 214,247
<br />Total governmental activities
<br />long-term liabilities $32,621,632 $3,085,420 ($3,369,809) $32,337,243 $3,254,247
<br />Business-type activities:
<br />Revenue bonds $975,000 $ - ($130,000) $845,000 $130,000
<br />Total bonds payable - business-type activities 975,000 0 (130,000)845,000 130,000
<br />Issuance premiums (discounts)27,424 - (4,508) 22,916 -
<br />Total bonded indebtedness 1,002,424 0 (134,508) 867,916 130,000
<br />Compensated absences 183,515 99,852 (94,293) 189,074 61,602
<br />Total business-type activities
<br />long-term liabilities $1,185,939 $99,852 ($228,801) $1,056,990 $191,602
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<br />For the governmental activities, compensated absences are generally liquidated by the Internal Service
<br />Employee Benefit Fund.
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<br />All long-term bonded indebtedness outstanding at December 31, 2018 is backed by the full faith and credit
<br />of the City, including improvement and revenue bond issues. Delinquent assessments receivable at
<br />December 31, 2018 totaled $21,439.
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