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CITY OF ST. ANTHONY, MINNESOTA
<br />CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />(Modified Accrual Basis of Accounting)
<br />2011 (1) 2012 2013 (2) 2014
<br />Revenues:
<br />General property taxes $4,877,268 $5,416,328 $5,657,416 $6,053,119
<br />Tax increment collections 1,708,873 1,364,881 1,398,000 1,117,824
<br />Licenses, fees and permits 195,563 290,985 342,390 351,102
<br />Intergovernmental 861,744 1,530,983 792,477 1,464,479
<br />Special assessments 517,678 427,467 587,191 491,988
<br />Charges for services 1,573,975 1,736,274 1,932,268 1,787,611
<br />Cable franchise fees 96,608 101,403 104,089 109,009
<br />Fines and forfeits 117,835 130,560 129,363 126,584
<br />Investment income 6,792 55,201 24,197 189,216
<br />Contributions and donations 610 2,778 16,134 45,640
<br />Miscellaneous 148,500 194,052 375,719 104,113
<br /> Total revenues 10,105,446 11,250,912 11,359,244 11,840,685
<br />Expenditures:
<br /> Current:
<br /> General government 883,478 1,059,361 836,190 926,501
<br /> Public safety 2,700,328 2,671,890 4,174,754 4,357,563
<br /> Public works 684,761 818,851 1,042,876 1,001,378
<br /> Parks and recreation 366,153 344,702 420,826 463,057
<br /> Services to other cities 1,039,009 1,039,504 - -
<br /> Nondepartmental 22,283 160,513 56,117 59,265
<br /> Housing and redevelopment 227,921 240,097 150,070 143,863
<br /> Capital outlay 277,224 346,644 284,392
<br /> Debt service:
<br /> Principal retirement 3,120,000 4,255,000 4,245,000 7,785,000
<br /> Interest 1,271,549 1,299,266 1,308,344 1,139,216
<br /> Paying agent fees 11,582 18,811 16,387 7,853
<br /> Professional service 30,109 3,480 6,682 17,104
<br /> Issuance costs 67,278 132,217 66,035 185,800
<br />Construction/acquisition costs 1,953,923 2,253,448 1,618,986 2,959,264
<br />Developer incentives 444,013 409,007 415,233 431,875
<br /> Total expenditures 13,099,611 15,052,791 14,641,892 19,902,361
<br />Revenues over (under) expenditures (2,994,165)(3,801,879)(3,282,648)(8,061,676)
<br />Other financing sources (uses):
<br /> Bonds issued 1,940,000 2,195,000 1,775,000 2,070,000
<br /> Refunding bonds issued 3,225,000 7,300,000 - 4,970,000
<br /> Redemption of refunded bonds (1,030,000) - - -
<br /> Payment to refunded bond escrow agent - (4,015,373) - -
<br /> Premium on debt issued 105,598 190,221 42,080 158,044
<br /> Sale of capital assets 9,982 10,962 25,244 13,390
<br /> Transfers in 1,603,430 1,626,372 2,021,913 1,908,166
<br /> Transfers out (1,008,230)(1,016,372)(1,482,913)(1,514,667)
<br />Total other financing
<br />sources(uses)4,845,780 6,290,810 2,381,324 7,604,933
<br />Net change in fund balance $1,851,615 $2,488,931 ($901,324)($456,743)
<br />Debt service as a percentage of
<br />noncapital expenditures 40.4%44.6%43.6%54.2%
<br />Debt service as percentage of total expenditures
<br />33.5%36.9%37.9%44.8%
<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.
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