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<br />
<br />City of St. Anthony, Minnesota’s Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2023 2022 2023 2022 2023 2022
<br />
<br />Current and other assets $26,060,490 $26,047,257 $6,599,590 $5,725,835 $32,660,080 $31,773,092
<br />Capital assets 31,648,215 33,424,119 25,468,394 25,139,457 57,116,609 58,563,576
<br />Total assets $57,708,705 $59,471,376 $32,067,984 $30,865,292 $89,776,689 $90,336,668
<br />Total deferred outflows of resources $7,122,388 $8,535,806 $0 $0 $7,122,388 $8,535,806
<br />Long term liabilities outstanding $31,546,560 $42,011,324 $355,733 $480,976 $31,902,293 $42,492,300
<br />Other liabilities 1,733,577 3,704,030 315,681 412,879 2,049,258 4,116,909
<br />Total liabilities $33,280,137 $45,715,354 $671,414 $893,855 $33,951,551 $46,609,209
<br />Total deferred inflows of resources $9,028,641 $2,253,316 $0 $0 $9,028,641 $2,253,316
<br />Net position:
<br /> Invested in capital assets net of related debt $11,876,010 $10,898,178 $25,313,018 $24,834,573 $37,189,028 $35,732,751
<br /> Restricted 6,417,966 6,103,190 - - 6,417,966 6,103,190
<br /> Unrestricted 4,228,339 3,037,144 6,083,552 5,136,864 10,311,891 8,174,008
<br />Total net position $22,522,315 $20,038,512 $31,396,570 $29,971,437 $53,918,885 $50,009,949
<br />
<br />The City’s net position increased by $3,908,936 in 2023. The increase was primarily due to the
<br />reduction in long term debt liabilities and unearned revenue liability.
<br />
<br />City of St. Anthony, Minnesota’s Changes in Net Position
<br />
<br />Governmental Activities Business-Type Activities Totals
<br />2023 2022 2023 2022 2023 2022
<br />Revenues:
<br />Program revenue:
<br />Charges for services $2,190,191 $1,981,023 $10,248,497 $9,961,909 $12,438,688 $11,942,932
<br />Operating grants and contributions 926,803 610,856 - - 926,803 610,856
<br />Capital grants and contributions 75,165 633,832 - - 75,165 633,832
<br />General revenue:
<br />Property taxes 8,835,497 8,462,357 - - 8,835,497 8,462,357
<br />Tax increment taxes 3,091,945 2,272,455 - - 3,091,945 2,272,455
<br />Grants and contributions
<br />not restricted to specific programs 1,147,322 1,002,881 158,891 - 1,306,213 1,002,881
<br />Other 948,504 (240,336) 224,271 (84,471) 1,172,775 (324,807)
<br />Total revenues 17,215,427 14,723,068 10,631,659 9,877,438 27,847,086 24,600,506
<br />Expenses:
<br />General government 1,558,834 1,380,846 - - 1,558,834 1,380,846
<br />Public safety 6,591,967 5,853,162 - - 6,591,967 5,853,162
<br />Public works 2,897,194 3,135,972 - - 2,897,194 3,135,972
<br />Parks and recreation 530,990 546,537 - - 530,990 546,537
<br />Housing and redevelopment 1,284,871 1,412,758 - - 1,284,871 1,412,758
<br />Nondepartmental 88,013 45,609 - 88,013
<br />Interest on long-term debt 637,825 697,886 - - 637,825 697,886
<br />Liquor - 6,728,047 6,601,179 6,728,047 6,601,179
<br />Water - 1,783,913 1,632,017 1,783,913 1,632,017
<br />Sewer - 1,237,453 1,305,957 1,237,453 1,305,957
<br />Stormwater - 599,043 419,510 599,043 419,510
<br />Total expenses 13,589,694 13,072,770 10,348,456 9,958,663 23,938,150 23,031,433
<br />Excess before transfers 3,625,733 1,650,298 283,203 (81,225) 3,908,936 1,569,073
<br />Transfers (1,141,930) (749,963) 1,141,930 749,963 - -
<br />Increase (decrease) in net position 2,483,803 900,335 1,425,133 668,738 3,908,936 1,569,073
<br />Net position - January 1 20,038,512 19,138,177 29,971,437 29,302,699 50,009,949 48,440,876
<br />Net position - December 31 $22,522,315 $20,038,512 $31,396,570 $29,971,437 $53,918,885 $50,009,949
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