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CITY OF ST. ANTHONY, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2023
<br />With Comparative Totals For December 31, 2022
<br />Governmental Business-Type
<br />Activities Activities 2023 2022
<br />Assets:
<br />Cash and investments $21,148,986 $4,801,216 $25,950,202 $25,602,679
<br />Accrued interest 99,154 - 99,154 49,357
<br />Due from other governmental units 73,992 - 73,992 124,741
<br />Accounts receivable - net 89,746 821,913 911,659 876,003
<br />Internal balances 219,783 (219,783) - -
<br />Property taxes receivable 99,324 - 99,324 133,160
<br />Prepaid items 177,199 100,471 277,670 180,770
<br />Inventories - at cost 22,220 1,095,773 1,117,993 1,077,558
<br />Loans receivable 665 - 665 2,205
<br />Special assessments receivable 1,429,098 - 1,429,098 1,673,181
<br />Lease receivable 1,893,254 - 1,893,254 1,277,549
<br />Land held for resale 409,188 - 409,188 378,008
<br />Capital assets - net:
<br />Nondepreciable 1,332,810 2,147,649 3,480,459 8,016,941
<br />Depreciable 30,315,405 23,320,745 53,636,150 50,546,635
<br />Net pension asset 397,881 - 397,881 397,881
<br />Total assets 57,708,705 32,067,984 89,776,689 90,336,668
<br />Deferred outflows of resources:
<br />Related to other post employment benefits 482,359 - 482,359 541,286
<br />Related to pensions 6,640,029 - 6,640,029 7,994,520
<br />Total deferred outflows of resources 7,122,388 - 7,122,388 8,535,806
<br />Liabilities:
<br />Accounts payable 1,057,674 163,748 1,221,422 2,480,374
<br />Due to other governmental units 36,358 87,806 124,164 135,368
<br />Salaries payable 173,964 56,442 230,406 223,659
<br />Contracts payable 25,397 - 25,397 118,341
<br />Deposits payable 170,692 47,570 218,262 183,855
<br />Accrued interest payable 269,492 167 269,659 321,808
<br />Unearned revenue - - - 653,504
<br />Other post employment benefits:
<br />Due within one year 55,980 - 55,980 50,378
<br />Due in more than one year 868,635 - 868,635 957,188
<br />Long-term liabilities:
<br />Due within one year 3,442,968 208,277 3,651,245 3,605,279
<br />Due in more than one year 21,321,064 107,404 21,428,468 25,016,595
<br />Net pension liability:
<br />Due in more than one year 5,857,913 - 5,857,913 12,862,860
<br />Total liabilities 33,280,137 671,414 33,951,551 46,609,209
<br />Deferred inflows of resources:
<br />Related to leases 1,893,254 - 1,893,254 1,277,549
<br />Related to other post employment benefits 506,832 - 506,832 459,129
<br />Related to pensions 6,628,555 - 6,628,555 516,638
<br />Total deferred inflows of resources 9,028,641 - 9,028,641 2,253,316
<br />Net position:
<br />Net investments in capital assets 11,876,010 25,313,018 37,189,028 35,732,751
<br />Restricted for:
<br />Debt service 5,446,428 - 5,446,428 5,612,586
<br />Capital projects 113,111 - 113,111 -
<br />Pensions 397,881 - 397,881 421,414
<br />Public safety 460,546 - 460,546 69,190
<br />Unrestricted 4,228,339 6,083,552 10,311,891 8,174,008
<br />Total net position $22,522,315 $31,396,570 $53,918,885 $50,009,949
<br />Total
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
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