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CITY OF ST. ANTHONY, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 6
<br />PROPRIETARY FUNDS
<br />December 31, 2023
<br />With Comparative Totals For December 31, 2022
<br />Governmental
<br />Activities
<br />Water/Sewer/ Stormwater Internal
<br />Liquor Water Plant Utility Service Fund
<br />Assets:2023 2022
<br />Current assets:
<br /> Cash and cash equivalents $1,486,054 $2,914,231 $400,931 $4,801,216 $4,014,769 $299,915
<br />Accounts receivable - net 5,429 810,859 5,625 821,913 793,515 -
<br /> Prepaid items 13,309 87,162 - 100,471 35,611 -
<br /> Inventories - at cost 980,155 115,618 - 1,095,773 1,053,380 -
<br />Total current assets 2,484,947 3,927,870 406,556 6,819,373 5,897,275 299,915
<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 57,695 -
<br /> Land improvements - - 1,062,122 1,062,122 1,062,122 -
<br /> Buildings and structures 1,888,593 7,123,210 - 9,011,803 8,985,360 -
<br /> Furniture, fixtures and equipment 476,643 4,771,788 225,218 5,473,649 5,459,355 -
<br /> Distribution and collection system - 13,985,966 8,182,924 22,168,890 20,792,697 -
<br /> Software intangibles 62,894 - - 62,894 62,894 -
<br />Total capital assets 2,428,130 25,886,617 11,612,260 39,927,007 38,510,077 -
<br />Less: Allowance for depreciation (1,688,876) (10,316,002) (2,453,735) (14,458,613) (13,370,620) -
<br />Net capital assets 739,254 15,570,615 9,158,525 25,468,394 25,139,457 -
<br />Total assets 3,224,201 19,498,485 9,565,081 32,287,767 31,036,732 299,915
<br />Deferred outflows of resources:
<br />Related to OPEB - - - - - 482,359
<br />Related to pensions - - - - - 6,460,732
<br />Total deferred outflows of resources - - - - - 6,943,091
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable 100,687 15,306 47,755 163,748 224,217 -
<br />Due to other governmental units 82,765 5,041 - 87,806 78,785 -
<br />Salaries payable 27,401 29,041 - 56,442 59,172 -
<br />Accrued interest payable - 167 - 167 1,375 -
<br />Refundable deposits - 47,570 - 47,570 49,330 -
<br />Compensated absences payable - current 25,320 27,581 - 52,901 58,111 182,968
<br />Bonds and notes payable - current - 155,376 - 155,376 145,000 -
<br />Other post employment benefits liability - current - - - - - 55,980
<br />Total current liabilities 236,173 280,082 47,755 564,010 615,990 238,948
<br />Noncurrent liabilities:
<br />Compensated absences payable - noncurrent 51,406 55,998 - 107,404 117,981 371,480
<br />Bonds and notes payable - noncurrent - - - - 159,884 -
<br />Other post employment benefits liability - noncurrent - - - - - 868,635
<br />Net pension liability - - - - - 5,857,913
<br />Total noncurrent liabilities 51,406 55,998 - 107,404 277,865 7,098,028
<br />Total liabilities 287,579 336,080 47,755 671,414 893,855 7,336,976
<br />Deferred inflows of resources:
<br />Related to OPEB - - - - - 506,832
<br />Related to pensions - - - - - 6,484,791
<br />Total deferred inflows of resources - - - - - 6,991,623
<br />Net position:
<br /> Net investments in capital assets 739,254 15,415,239 9,158,525 25,313,018 24,834,573 -
<br /> Unrestricted 2,197,368 3,747,166 358,801 6,303,335 5,308,304 (7,085,593)
<br />Total net position $2,936,622 $19,162,405 $9,517,326 $31,616,353 $30,142,877 ($7,085,593)
<br />Net position reported above $31,616,353 $30,142,877
<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.(219,783) (171,440)
<br />Net position of business-type activities (Statement 1)$31,396,570 $29,971,437
<br />Totals
<br />Business-Type Activities Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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