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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2023
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<br />As of December 31, 2023, the long-term debt of the City consisted of the following:
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<br />Interest Issue Maturity Original Payable
<br />Rates Date Date Issue 12/31/2023
<br />Governmental Activities:
<br />G.O. Improvement Bonds:
<br />G.O. Improvement Bonds, Series 2012A 2.00-2.75% 4/25/2012 2/1/2028 $5,440,000 $810,000
<br />G.O. Improvement Bonds, Series 2014A 2.00-3.00% 4/10/2014 2/1/2030 2,070,000 1,030,000
<br />G.O. Improvement Bonds, Series 2015A 2.00-3.00% 5/19/2015 2/1/2031 2,580,000 1,450,000
<br />G.O. Improvement Bonds, Series 2016A 2.00-2.75% 6/2/2016 2/1/2032 1,455,000 915,000
<br />G.O. Improvement Refunding Bonds, Series 2017A 3.00% 5/18/2017 2/1/2033 1,355,000 370,000
<br />G.O. Improvement Bonds, Series 2017A 3.00% 5/18/2017 2/1/2033 2,600,000 1,835,000
<br />G.O. Improvement Bonds, Series 2018A 3.00-4.00% 5/15/2018 2/1/2034 2,610,000 2,005,000
<br />G.O. Improvement Refunding Bonds, Series 2019A 2.25-4.00% 7/18/2019 2/1/2027 3,315,000 765,000
<br />G.O. Improvement Bonds, Series 2020A 2.00-3.00% 5/19/2020 2/1/2036 3,000,000 2,675,000
<br />G.O. Improvement Refunding Bonds, Series 2021A 2.00% 5/18/2021 2/1/2029 885,000 670,000
<br />G.O. Improvement Bonds, Series 2021A 1.10-2.00% 5/18/2021 2/1/2037 2,085,000 1,935,000
<br />G.O. Improvement Bonds, Series 2022A 3-3.25% 5/26/2022 2/1/2038 2,385,000 2,385,000
<br />Total improvement bonds 29,780,000 16,845,000
<br />G.O. Tax Increment Revenue Bonds:
<br />G.O. Tax Increment Refunding Bonds, Series 2014B 2.00-3.50% 7/24/2014 2/1/2031 3,665,000 1,995,000
<br />G.O. Tax Increment Refunding Bonds, Series 2015B 2.00-3.00% 12/29/2015 2/1/2031 4,310,000 2,380,000
<br />Total tax increment revenue bonds 7,975,000 4,375,000
<br />G.O. Tax Abatement Bonds:
<br />G.O. Tax Abatement Bonds, Series 2016B 2.00% 6/2/2016 2/1/2026 1,445,000 280,000
<br />G.O. Tax Abatement Refunding Bonds, Series 2017A 3.00% 5/18/2017 2/1/2025 835,000 235,000
<br />G.O. Tax Abatement Refunding Bonds, Series 2019A 3.00-4.00% 7/18/2019 2/1/2035 1,145,000 960,000
<br />Total tax abatement bonds 3,425,000 1,475,000
<br />G.O. Lease Revenue Refunding Bonds:
<br />G.O. Lease Revenue Refunding Bonds, Series 2012A 2.00-2.75% 4/25/2012 2/1/2024 3,995,000 395,000
<br />Other G.O. Bonds:
<br />G.O. Street Reconstruction Bonds, Series 2014C 2.00-3.00% 7/24/2014 2/1/2024 1,305,000 160,000
<br />G.O. Equipment Certificate, Series 2017A 3.00% 5/18/2017 2/1/2027 520,000 250,000
<br />Total other G.O. bonds 1,825,000 410,000
<br />Unamortized bond premiums N/A 709,584
<br />Total - bonded indebtedness 47,000,000 24,209,584
<br />Compensated absences payable N/A 554,448
<br />Total - governmental activities 47,000,000 24,764,032
<br />Business-type activities
<br />Revenue Bonds:
<br />G.O. Water and Sewer Revenue Refunding Bonds, Series 2013A 2.00% 4/16/2013 2/1/2024 1,440,000 155,000
<br />Unamortized bond premiums N/A 376
<br />Total - bonded indebtedness 1,440,000 155,376
<br />Compensated absences N/A 160,305
<br />Total City indebtedness - business-type activities 1,440,000 315,681
<br />Total City indebtedness $48,440,000 $25,079,713
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