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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2021 <br /> <br /> <br /> <br /> <br />Amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in <br />OPEB expense as follows: <br /> <br />Year Ended OPEB <br />December 31, Expense <br />2022 ($30,782) <br />2023 (30,782) <br />2024 (30,782) <br />2025 (30,782) <br />2026 (30,782) <br />Thereafter (71,578) <br /> <br />Note 11 INTERFUND RECEIVABLES/PAYABLES, LOANS AND TRANSFERS <br /> <br />Individual fund interfund receivable and payable balances at December 31, 2021 are as follows: <br /> <br />Fund Receivable Payable <br />Governmental activities: <br /> Major funds: <br /> General Fund $194,094 $ - <br /> Street Improvement Project Fund - 194,094 <br /> Total $194,094 $194,094 <br /> Interfund payables and receivables are representative of lending/borrowing arrangements to cover deficit cash <br />balances at the end of the fiscal year. <br /> <br />Interfund loans receivable and payable balances at December 31, 2021 are as follows: <br /> <br />Fund Receivable Payable Purpose <br />Major funds: <br />Public Utilities <br />Infrastructure $1,158,249 $ - <br />HRA TIF Improvements 1,369,416 2,328,742 Provide financing for pay off of Fannie Mae loan <br />Nonmajor funds: <br />Revolving Improvement - 16,860 Provide financing for Arbors Alley <br />Park Improvement Fund - 182,063 Provide financing for tennis court maintenance <br /> - <br />Total $2,527,665 $2,527,665 <br /> <br />81