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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2020
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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, 2020, 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 $13,995,000 $3,000,000 ($1,215,000) $15,780,000 $1,285,000
<br />G.O. tax increment refunding bonds 6,240,000 - (445,000) 5,795,000 450,000
<br />G.O. tax abatement bonds 2,425,000 - (180,000) 2,245,000 250,000
<br />G.O. lease revenue refunding bonds 1,850,000 - (345,000) 1,505,000 355,000
<br />G.O. refunding bonds 2,720,000 - (515,000) 2,205,000 530,000
<br />G.O. street reconstruction bonds 755,000 - (145,000)610,000 145,000
<br />G.O. equipment certificates 470,000 - (55,000) 415,000 55,000
<br />Total bonds payable 28,455,000 3,000,000 (2,900,000) 28,555,000 3,070,000
<br />Unamortized bond premiums 894,108 154,026 (113,580) 934,554 -
<br />Total bonded indebtedness 29,349,108 3,154,026 (3,013,580) 29,489,554 3,070,000
<br />Compensated absences 704,606 416,740 (440,728) 680,618 223,815
<br />Total governmental activities $30,053,714 $3,570,766 ($3,454,308) $30,170,172 $3,293,815
<br />Business-type activities:
<br />Revenue bonds $715,000 $ - ($135,000) $580,000 $140,000
<br />Unamortized bond premiums 18,408 - (4,508) 13,900 -
<br />Total bonded indebtedness 733,408 0 (139,508) 593,900 140,000
<br />Compensated absences 196,578 99,851 (98,937) 197,492 64,944
<br />Total business-type activities $929,986 $99,851 ($238,445) $791,392 $204,944
<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, 2020 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 />2020 totaled $6,556.
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