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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2023
<br />It is not practicable to determine the specific year for payment of long-term accrued compensated absences.
<br />CHANGE IN LONG-TERM LIABILITIES
<br />Long-term liability activity for the year ended December 31, 2023, was as follows:
<br />Beginning Ending Due Within
<br />Balance Increases Decreases Balance One Year
<br />Governmental activities:
<br />Bonds payable:
<br />G.O. improvement bonds $18,520,000 $ - $1,675,000 $16,845,000 $1,860,000
<br />G.O. tax increment refunding bonds 4,870,000 - 495,000 4,375,000 510,000
<br />G.O. tax abatement bonds 1,740,000 - 265,000 1,475,000 275,000
<br />G.O. lease revenue refunding bonds 780,000 - 385,000 395,000 395,000
<br />G.O. refunding bonds 170,000 - 170,000 - -
<br />G.O. street reconstruction bonds 315,000 - 155,000 160,000 160,000
<br />G.O. equipment certificates 305,000 -55,000 250,000 60,000
<br />Total bonds payable 26,700,000 - 3,200,000 23,500,000 3,260,000
<br />Unamortized bond premiums 828,269 - 118,685 709,584 -
<br />Total bonded indebtedness 27,528,269 - 3,318,685 24,209,584 3,260,000
<br />Compensated absences*612,629 -58,181 554,448 182,968
<br />Total governmental activities $28,140,898 $ - $3,376,866 $24,764,032 $3,442,968
<br />Business-type activities:
<br />Revenue bonds $300,000 $ - $145,000 $155,000 $155,000
<br />Unamortized bond premiums 4,884 -4,508 376 376
<br />Total bonded indebtedness 304,884 - 149,508 155,376 155,376
<br />Compensated absences*176,092 -15,787 160,305 52,901
<br />Total business-type activities $480,976 $ - $165,295 $315,681 $208,277
<br />*The change in compensated absences is presented as a net change.
<br />All long-term bonded indebtedness outstanding at December 31, 2023 is backed by the full faith and credit of the
<br />City, including improvement and revenue bond issues. Delinquent assessments receivable at December 31, 2023
<br />totaled $2,915.
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