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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 />2014 2015 2016 2017
<br />Net (expense) revenue:
<br />Governmental activities ($6,756,096) ($6,594,817)$257,114 ($7,827,034)
<br />Business-type activities (155,298)(41,996)1,251,042 417,141
<br />Total primary government
<br />net (expense) revenue (6,911,394)(6,636,813)1,508,156 (7,409,893)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Taxes:
<br />Property taxes $6,030,558 $5,893,900 $6,160,156 $6,577,570
<br />Tax increment collections 1,131,896 1,121,627 1,455,090 1,530,093
<br />Grants and contributions 461,964 516,015 530,110 535,422
<br />Unrestricted investment earnings 189,441 146,023 254,396 234,572
<br />Other 104,113 172,913 1,207,375 407,269
<br />Gain on sale of capital assets 33,204 7,653 7,151 34,775
<br />Transfers (17,982)(6,053,216)1,956,838 (7,986,616)
<br />Total governmental activities 7,933,194 1,804,915 11,571,116 1,333,085
<br />Business-type activities:
<br />Unrestricted investment earnings 111,512 86,407 31,097 21,812
<br />Grants and contributions - - - -
<br />Other 61,444 88,664 64,805 72,713
<br />Transfers 17,982 6,053,216 (1,956,838)7,986,616
<br />Total business-type activities 190,938 6,228,287 (1,860,936)8,081,141
<br />Total primary government $8,124,132 $8,033,202 $9,710,180 $9,414,226
<br />Change in net position:
<br />Governmental activities $1,177,098 ($4,789,902)$11,828,230 ($6,493,949)
<br />Business-type activities 35,640 6,186,291 (609,894)8,498,282
<br />Total primary government $1,212,738 $1,396,389 $11,218,336 $2,004,333
<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.
<br />Fiscal Year
<br />146
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