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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
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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, 2019, 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 bonds $15,945,000 $1,335,000 ($3,285,000) $13,995,000 $1,215,000
<br />G.O. tax increment refunding bonds 6,660,000 - (420,000) 6,240,000 445,000
<br />G.O. tax abatement bonds 1,460,000 1,145,000 (180,000) 2,425,000 180,000
<br />G.O. lease revenue refunding bonds 2,185,000 - (335,000) 1,850,000 345,000
<br />G.O. refunding bonds 3,220,000 - (500,000) 2,720,000 515,000
<br />G.O. street reconstruction bonds 895,000 - (140,000)755,000 145,000
<br />G.O. equipment certificates 520,000 - (50,000) 470,00 055,000
<br />Total bonds payable - governmental activities 30,885,000 2,480,000 (4,910,000) 28,455,000 2,900,000
<br />Unamortized bond premiums 794,649 225,916 (126,457) 894,108 -
<br />Total bonded indebtedness 31,679,649 2,705,916 (5,036,457) 29,349,108 2,900,000
<br />Compensated absences 657,594 401,091 (354,079) 704,606 230,801
<br />Total governmental activities
<br />long-term liabilities $32,337,243 $3,107,007 ($5,390,536) $30,053,714 $3,130,801
<br />Business-type activities:
<br />Revenue bonds $845,000 $ - ($130,000) $715,000 $135,000
<br />Unamortized bond premiums 22,916 - (4,508) 18,408 -
<br />Total bonded indebtedness 867,916 0 (134,508) 733,408 135,000
<br />Compensated absences 189,074 96,463 (88,959) 196,578 64,391
<br />Total business-type activities
<br />long-term liabilities $1,056,990 $96,463 ($223,467) $929,986 $199,391
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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, 2019 is backed by the full faith and credit of
<br />the City, including improvement and revenue bond issues. Delinquent assessments receivable at December 31,
<br />2019 totaled $19,187.
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