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CITY OF ST. ANTHONY, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 6
<br />PROPRIETARY FUNDS
<br />December 31, 2022
<br />With Comparative Totals For December 31, 2021
<br />Governmental
<br />Activities
<br />Water/Sewer/ Stormwater Internal
<br />Liquor Water Plant Utility Service Fund
<br />Assets:2022 2021
<br />Current assets:
<br /> Cash and cash equivalents $1,379,926 $2,411,101 $223,742 $4,014,769 $3,688,437 $319,574
<br />Accounts receivable - net 7,177 780,713 5,625 793,515 743,752 -
<br /> Prepaid items 19,455 16,156 - 35,611 28,348 -
<br /> Inventories - at cost 913,535 139,845 - 1,053,380 1,009,202 -
<br />Total current assets 2,320,093 3,347,815 229,367 5,897,275 5,469,739 319,574
<br />Noncurrent assets:
<br /> Capital assets:
<br /> Land - 5,653 2,084,301 2,089,954 2,089,954 -
<br /> Permanent easements 57,695 57,695 - -
<br /> Land improvements - - 1,062,122 1,062,122 1,038,687 -
<br /> Buildings and structures 1,888,593 7,096,767 - 8,985,360 8,482,703 -
<br /> Furniture, fixtures and equipment 476,643 4,757,494 225,218 5,459,355 5,396,420 -
<br /> Distribution and collection system - 12,981,818 7,810,879 20,792,697 20,259,652 -
<br /> Software intangibles 62,894 - - 62,894 62,894 -
<br /> Construction in process - - - - 11,297 -
<br />Total capital assets 2,428,130 24,841,732 11,240,215 38,510,077 37,341,607 0
<br />Less: Allowance for depreciation (1,608,733) (9,627,550) (2,134,337) (13,370,620) (12,328,253) -
<br />Net capital assets 819,397 15,214,182 9,105,878 25,139,457 25,013,354 0
<br />Total assets 3,139,490 18,561,997 9,335,245 31,036,732 30,483,093 319,574
<br />Deferred outflows of resources:
<br />Related to OPEB - - - - - 541,286
<br />Related to pensions - - - - - 7,827,222
<br />Total deferred outflows of resources - - - - - 8,368,508
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable 177,160 36,103 10,954 224,217 269,861 -
<br />Due to other governmental units 74,927 3,858 - 78,785 85,991 -
<br />Salaries payable 29,788 29,384 - 59,172 54,170 -
<br />Accrued interest payable - 1,375 - 1,375 2,542 -
<br />Refundable deposits - 49,330 - 49,330 52,235 -
<br />Compensated absences payable - current 23,885 34,226 - 58,111 59,155 202,168
<br />Bonds and notes payable - current - 145,000 - 145,000 140,000 -
<br />Other post employment benefits liability - current - - - - - 49,768
<br />Total current liabilities 305,760 299,276 10,954 615,990 663,954 251,936
<br />Noncurrent liabilities:
<br />Compensated absences payable - noncurrent 48,493 69,488 - 117,981 116,736 410,461
<br />Bonds and notes payable - noncurrent - 159,884 - 159,884 309,392 -
<br />Other post employment benefits liability - noncurrent - - - - - 957,798
<br />Net pension liability - - - - - 12,862,860
<br />Total noncurrent liabilities 48,493 229,372 0 277,865 426,128 14,231,119
<br />Total liabilities 354,253 528,648 10,954 893,855 1,090,082 14,483,055
<br />Deferred inflows of resources:
<br />Related to OPEB - - - - - 459,129
<br />Related to pensions - - - - - 372,874
<br />Total deferred inflows of resources - - - - - 832,003
<br />Net position:
<br /> Net investments in capital assets 819,397 14,909,298 9,105,878 24,834,573 24,563,962 -
<br /> Unrestricted 1,965,840 3,124,051 218,413 5,308,304 4,829,049 (6,626,976)
<br />Total net position $2,785,237 $18,033,349 $9,324,291 $30,142,877 $29,393,011 ($6,626,976)
<br />Net position reported above $30,142,877 $29,393,011
<br />Adjustment to report the cumulative internal balance for the net effect of activity
<br /> between the internal service fund and the enterprise funds over time. 81,128 (90,312)
<br />Net position of business-type activities (Statement 1) $30,224,005 $29,302,699
<br />Totals
<br />Business-Type Activities Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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