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CITY OF ST. ANTHONY, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2023 Amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year Ending OPEB December 31, Expense 2024 ($15,615) 2025 (15,615) 2026 (15,615) 2027 (15,615) 2028 (16,774) Thereafter (1,219) Note 10 INTERFUND LOANS AND TRANSFERS Interfund loans receivable and payable balances at December 31, 2023 are as follows: Fund Receivable Payable Purpose Major funds: Public Utilities Infrastructure $1,156,225 $ - HRA TIF Improvements - 959,326 Provide financing for pay off of Fannie Mae loan Nonmajor funds: Revolving Improvement - 5,620 Provide financing for Arbors Alley Park Improvement Fund - 191,279 Provide financing for tennis court maintenance - Total $1,156,225 $1,156,225 Interfund transfers: Street Street Nonmajor Internal General Community Improvement Improvement Governmental Stormwater Service Fund Center Debt Service Project Funds Utility Fund Total Governmental activities: General Fund $ - $165,950 $ - $ - $60,000 $ - $86,300 $312,250 Community Center - - - - 120,000 - - 120,000 Street Improvement Debt Service - - - - 2,892 - - 2,892 HRA TIF Improvements 15,000 - - - 631,414 - - 646,414 Street Improvement Project - - 235,041 - - - - 235,041 Public Utilities Infrastructure - - - - - - - - Nonmajor - - 56,000 - 160,825 - - 216,825 Business-type activities: Liquor 275,000 - - - - - - 275,000 Stormwater Utility - - - - - - - - Total transfers $290,000 $165,950 $291,041 $0 $975,131 $0 $86,300 $1,808,422 Transfer out Governmental Funds Proprietary Funds Transfer In All 2023 transfers are considered routine and consistent with previous practices. 79