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CITY OF ST. ANTHONY, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2011 (1)2012 2013 (2)
<br />Net (expense) revenue:
<br />Governmental activities ($6,051,940) ($5,940,229) ($6,562,842)
<br />Business-type activities 85,228 298,870 305,979
<br />Total primary government
<br />net (expense) revenue (5,966,712) (5,641,359) (6,256,863)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Taxes:
<br />Property taxes $4,872,840 $5,408,188 $5,703,707
<br />Tax increment collections 1,746,766 1,335,674 1,405,872
<br />Grants and contributions 24,673 10,639 26,384
<br />Unrestricted investment earnings 6,803 55,206 25,914
<br />Other 148,500 208,525 389,785
<br />Gain on sale of capital assets - 46,195 -
<br />Transfers 595,200 610,000 (809,238)
<br />Total governmental activities 7,394,782 7,674,427 6,742,424
<br />Business-type activities:
<br />Unrestricted investment earnings 52,659 122,833 51,593
<br />Other 3,976 17,569 66,478
<br />Transfers (595,200) (610,000) 809,238
<br />Total business-type activities (538,565) (469,598) 927,309
<br />Total primary government $6,856,217 $7,204,829 $7,669,733
<br />Change in net position:
<br />Governmental activities $1,342,842 $1,734,198 $179,582
<br />Business-type activities (453,337) (170,728) 1,233,288
<br />Total primary government $889,505 $1,563,470 $1,412,870
<br />(1) In 2011 the Water Filtration and Purification fund was reclassified to the Water and Sewer Proprietary Fund.
<br />(2) In 2013, services to other cities were reclassified to public safety expense.
<br />Note: GASB 65 was implemented in 2013. Governmental activity expenses were restated for 2012
<br /> to reflect the expensing of bond issuance costs in the year of issuance. Expenses for years prior to 2012 were not restated.
<br />Note: GASB 68 was implemented for 2015. Expenses for years prior to 2015 were not restated.
<br />Note: The City closed the Stormwater Improvement Capital Project Fund during 2015 and transferred the majority
<br /> of the net position to the Stormwater Utility Fund.
<br />Note: The City closed the Water Filtration and Purification Fund during 2016 and transferred the majority of the net position
<br /> to governmental activities.
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