|
<br />
<br />City of St. Anthony, Minnesota’s Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2019 2018 2019 2018 2019 2018
<br />
<br />Current and other assets $18,034,604 $17,813,896 $4,207,251 $4,039,968 $22,241,855 $21,853,864
<br />Capital assets 33,162,734 35,371,998 25,259,110 24,047,540 58,421,844 59,419,538
<br />Total assets $51,197,338 $53,185,894 $29,466,361 $28,087,508 $80,663,699 $81,273,402
<br />Total deferred outflows of resources $2,806,776 $4,154,761 $0 $0 $2,806,776 $4,154,761
<br />Long term liabilities outstanding $35,346,194 $37,640,959 $929,986 $1,056,990 $36,276,180 $38,697,949
<br />Other liabilities 1,650,866 1,467,885 440,794 367,637 2,091,660 1,835,522
<br />Total liabilities $36,997,060 $39,108,844 $1,370,780 $1,424,627 $38,367,840 $40,533,471
<br />Total deferred inflows of resources $4,926,760 $6,257,505 $0 $0 $4,926,760 $6,257,505
<br />Net position:
<br /> Invested in capital assets net of related debt $9,746,635 $10,422,047 $24,525,702 $23,179,624 $34,272,337 $33,601,671
<br /> Restricted 6,556,757 7,328,810 - - 6,5 56,757 7,328,810
<br /> Unrestricted (4,223,098) (5,776,551) 3,569,879 3,483,257 (653,219) (2,293,294)
<br />Total net position $12,080,294 $11,974,306 $28,095,581 $26,662,881 $40,175,875 $38,637,187
<br />
<br />The City’s net position increased by $1,538,688 in 2019. The increase was primarily due to
<br />constructing and capitalizing assets during the current year which will be depreciated in future
<br />years.
<br />
<br />City of St. Anthony, Minnesota’s Changes in Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2019 2018 2019 2018 2019 2018
<br />Revenues:
<br />Program revenue:
<br />Charges for services $1,847,264 $1,602,792 $8,577,859 $8,242,070 $10,425,123 $9,844,862
<br />Operating grants and contributions 494,389 560,924 - - 494,389 560,924
<br />Capital grants and contributions 633,142 817,077 - 126,991 633,142 944,068
<br />General revenue:
<br />Property taxes 7,477,523 7,128,703 - - 7,477,523 7,128,703
<br />Tax increment taxes 2,060,375 1,870,589 - - 2,060,375 1,870,589
<br />Grants and contributions
<br />not restricted to specific programs 561,062 559,437 - - 561,062 559,437
<br />Other 508,302 560,822 113,180 45,336 621,482 606,158
<br />Total revenues 13,582,057 13,100,344 8,691,039 8,414,397 22,273,096 21,514,741
<br />Expenses:
<br />General government 1,587,360 1,234,274 - - 1,587,360 1,234,274
<br />Public safety 4,789,232 4,886,105 - - 4,789,232 4,886,105
<br />Public works 2,960,916 3,005,637 - - 2,9 60,916 3,005,637
<br />Parks and recreation 536,095 488,132 - - 536,095 488,132
<br />Housing and redevelopment 975,246 1,189,659 - - 975,246 1,189,659
<br />Interest on long-term debt 803,042 795,625 - - 803,042 795,625
<br />Liquor - - 5,903,275 5,617,377 5,903,275 5,617,377
<br />Water - - 1,617,354 1,573,857 1,617,354 1 ,573,857
<br />Sewer - - 1,253,102 1,243,591 1,253,102 1 ,243,591
<br />Stormwater - - 308,786 249,911 308,786 249,911
<br />Total expenses 11,651,891 11,599,432 9,082,517 8,684,736 20,734,408 20,284,168
<br />Excess before transfers 1,930,166 1,500,912 (391,478) (270,339) 1,538,688 1,230,573
<br />Transfers (1,824,178) (1,251,989) 1,824,178 1,251,989 - -
<br />Increase (decrease) in net position 105,988 248,923 1,432,700 981,650 1,538,688 1,230,573
<br />Net position - January 1 11,974,306 11,725,383 26,662,881 25,681,231 38,637,187 37,406,614
<br />Net position - December 31 $12,080,294 $11,974,306 $28,095,581 $26,662,881 $40,175,875 $38,637,187
<br />
<br />20
|