Laserfiche WebLink
CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2023 <br /> <br /> <br /> <br /> <br />Another element of that reconciliation states that “revenues in the statement of activities that do not <br />provide current financial resources are not reported as revenues in the funds”. The details of this <br />($314,830) difference are as follows: <br /> <br />Unavailable revenue - general property taxes: <br />At December 31, 2022 ($79,525) <br />At December 31, 2023 20,167 <br /> <br />Unavailable revenue - tax increment taxes: <br />At December 31, 2022 (8,060) <br />At December 31, 2023 10,876 <br /> <br />Unavailable revenue - special assessments: <br />At December 31, 2022 (1,673,181) <br />At December 31, 2023 1,429,098 <br /> <br />Unavailable revenue - intergovernmental: <br />At December 31, 2022 (14,205) <br />At December 31, 2023 - <br /> <br />Net adjustments to increase net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities. ($314,830) <br /> <br />Another element of that reconciliation states that “the issuance of long-term debt (e.g. bonds, leases) <br />provides current financial resources to governmental funds, while the repayment of principal of the long- <br />term debt consumes the current financial resources of governmental funds. Neither transaction, however, <br />has any effect on net position.” The details of this $3,369,626 difference are as follows: <br /> <br />Debt issued or incurred: <br />Issuance of general obligation bonds $ - <br />Premium on issued bonds - <br />Principal repayments 3,200,000 <br />Change in accrued interest payable 50,941 <br />Amortization of bond premium 118,685 <br /> <br />Net adjustment to increase net changes in fund <br />balances - total governmental funds to arrive at <br />changes in net position of governmental activities. $3,369,626 <br /> <br /> <br /> <br />53