HomeMy WebLinkAbout2013 CAFRCity of Saint Anthony
Saint Anthony, Minnesota
2013
Comprehensive Annual
Financial Report
Our mission is to be a progressive and livable community,
a walk able village, which is sustainable, safe and secure
COMPREHENSIVE ANNUAL FINANCIAL REPORT
OF THE
CITY OF ST. ANTHONY, MINNESOTA
FOR THE YEAR ENDED
DECEMBER 31, 2013
Prepared By:
Finance Department
Shelly Rueckert,
Finance Director
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CITY OF ST. ANTHONY, MINNESOTA
TABLE OF CONTENTS
Page
Reference No.
1. INTRODUCTORY SECTION
Letter of Transmittal 3
Organization 7
Organizational Chart 8
II. FINANCIAL SECTION
Independent Auditor's Report
11
Management's Discussion and Analysis
15
Basic Financial Statements:
Government -Wide Financial Statements:
Statement of Net Position
Statement I
29
Statement of Activities
Statement 2
30
Fund Financial Statements:
Balance Sheet - Governmental Funds
Statement 3
32
Statement of Revenues, Expenditures and Changes in Fund Balance -
Governmental Funds
Statement 4
34
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds
Statement 5
36
Statement of Net Position - Proprietary Funds
Statement 6
37
Statement of Revenues, Expenses and Changes in Fund Net Position -
Proprietary Funds
Statement 7
38
Statement of Cash Flows - Proprietary Funds
Statement 8
39
Statement of Fiduciary Net Position - Fiduciary Fund
Statement 9
40
Notes to Financial Statements
41
Required Supplementary Information:
Budgetary Comparison Schedule - General Fund
Statement 10
88
Budgetary Comparison Schedule - Note to RSI
93
Schedule of Funding Progress - Other Post Employment Benefits Plan
Statement 11
94
L_
CITY OF ST. ANTHONY, MINNESOTA
TABLE OF CONTENTS
Subcombining Balance Sheet - Nonmajor Special Revenue Funds
Page
101
Reference No.
Combining and Individual Nonmajor Fund Financial Statements and Schedules:
123
Combining Balance Sheet - Nonmajor Governmental Funds
Statement 12 97
Combining Statement of Revenues, Expenditures and Changes in Fund Balance -
Subcombining Balance Sheet - Nonmajor Debt Service Funds
Nonmajor Governmental Funds
Statement 13 98
Subcombining Balance Sheet - Nonmajor Special Revenue Funds
Statement 14
101
Subcombining Statement of Revenues, Expenditures and Changes in
Exhibit 2
123
Fund Balance - Nonmajor Special Revenue Funds
Statement 15
102
Subcombining Balance Sheet - Nonmajor Debt Service Funds
Statement 16
104
Subcombining Statement of Revenues, Expenditures and Changes in
Exhibit 4
125
Fund Balance - Nonmajor Debt Service Funds
Statement 17
106
Subcombining Balance Sheet - Nonmajor Capital Project Funds
Statement 18
110
Subcombining Statement of Revenues, Expenditures and Changes in
Fund Balance - Nonmajor Capital Project Funds
Statement 19
112
Special Revenue Funds:
Schedules of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Community Center Fund
Statement 20
114
Police Forfeiture Fund
Statement 21
115
Recycling Fund
Statement 22
116
HRA Fund
Statement 23
117
Fire Education/Training Fund
Statement 24
118
Statement of Changes in Assets and Liabilities - Agency Fund
Statement 25
119
Supplementary Financial Information:
HRA Debt Service Fund
Balance Sheet
Exhibit 1
122
Schedule of Revenues, Expenditures and Changes in Fund Balance
Exhibit 2
123
HRA Projects Fund:
Balance Sheet
Exhibit 3
124
Schedule of Revenues, Expenditures and Changes in Fund Balance
Exhibit 4
125
Water and Sewer Enterprise Fund:
Schedule of Revenues, Expenses and Changes in Fund Net Position
Exhibit 5
126
CITY OF ST. ANTHONY, MINNESOTA
TABLE OF CONTENTS
Page
Revenue Capacity
Tax Capacity Value and Estimated Market Value of Taxable Property
Reference
No.
III. STATISTICAL SECTION (Unaudited)
Table 6
135
Financial Trends:
Table 7
136
Net Position by Component
Table 1
128
Changes in Net Position
Table 2
129
Fund Balances - Governmental Funds
Table 3
131
Changes in Fund Balances - Governmental Funds
Table 4
132
Revenue Capacity
Tax Capacity Value and Estimated Market Value of Taxable Property
Table 5
134
Direct and Overlapping Property Tax Rates
Table 6
135
Principal Property Taxpayers
Table 7
136
Property Tax Levies and Collections
Table 8
137
Debt Capacity
Ratios of Outstanding Debt by Type
Table 9
138
Direct and Overlapping Governmental Activities Debt
Table 10
140
Legal Debt Margin Information
Table 11
141
Pledged Revenue Coverage
Table 12
142
Demographic and Economic:
Demographic and Economic Statistics
Table 13
146
Principal Employers
Table 14
147
Operating Information:
Full -Time Equivalent City Government Employees by Function/Program
Table 15
148
Operating Indicators by Function/Program
Table 16
150
Capital Asset Statistics by Function/Program
Table 17
152
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I. INTRODUCTORY SECTION
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June 9, 2014
To the Honorable Mayor, Members of the City Council, and Citizens of the City of St. Anthony,
Minnesota:
State law requires that all general-purpose local governments publish within six months of the
close of each fiscal year a complete set of audited financial statements. This report is published
to fulfill that requirement for the fiscal year ended December 31, 2013.
Management assumes full responsibility for the completeness and reliability of the information
contained in this report, based upon a comprehensive framework of internal controls that have
been established for this purpose. Because the cost of internal controls should not exceed
anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that
the financial statements are free of any material misstatements.
HLB Tautges, Redpath, Ltd., Certified Public Accountants, have issued an unmodified opinion
on the City of St. Anthony's financial statements for the year ended December 31, 2013. The
independent auditor's report is located at the front of the financial section of this report.
Management's discussion and analysis (MD&A) immediately follows the independent auditor's
report and provides a narrative introduction, overview, and analysis of the basic financial
statements. MD&A complement this letter of transmittal and should be read in conjunction with
it.
Profile of the City
The City of St. Anthony, incorporated in 1945, is located near Northeast Minneapolis and is a
first ring northern suburb of the Minneapolis -St. Paul metropolitan area. The City is a
completely developed community and is bordered on all sides by the communities of
Minneapolis, Columbia Heights, New Brighton and Roseville. Approximately two-thirds of the
City is located in northeastern Hennepin County and one-third is located in the northwest corner
of Ramsey County. The City encompasses a land area of 2.35 square miles and serves a
population of 8,226.
The City is located 10 minutes north of downtown Minneapolis and 15 minutes northwest of
downtown St. Paul. City residents and businesses have easy access to all parts of the
Minneapolis -St. Paul metropolitan area by the use of Interstate 35W, Interstate 694 and Highway
280.
3301 Silver Lake Road, St. Anthony, MN 55418-1699*www.ci.saint-anthony.mn.us• (612) 782-33019 (612) 782-3302
Our mission is to be a progressive and livable community, a walkable village, which is sustainable, safe and secure.
�.. 3
The City is served by Independent School District (ISD) 4282 (St. Anthony), which has a
2012/2013 enrollment of approximately 1,757, operates one elementary school, a middle school
and senior high in the City. In addition, a private school, St. Charles Borromeo, offers K-8 grade
education with enrollment of approximately 300 students.
The City operates as a statutory Council -Manager form of government. Policy-making and
legislative authority are vested in the City Council consisting of one elected mayor and four
council members. The City Council is responsible, among other things, for passing ordinances,
adopting the budget, appointing committees, and hiring the City Manager. The City Manager is
responsible for carrying out the policies and ordinances of the City Council, overseeing the day-
to-day operations of the City, and appointing the heads of the various departments. The Council
is elected on a non-partisan basis. Council members serve four-year staggered terms, with two
council members elected every two years. The Mayor is elected to serve a four-year term.
The City of St. Anthony provides a full range of services including administrative services;
police protection; fire suppression and prevention; construction of capital improvements;
reconstruction and maintenance of city streets and other infrastructure; distribution of water;
sanitary sewer collection; storm water drainage; parks and recreational activities; forestry
maintenance; and recycling.
The St. Anthony Firefighters' Relief Association is a separate legal entity, and accordingly is
excluded from this report. The St. Anthony Housing and Redevelopment Authority (HRA), an
entity legally separate from the City, is governed by a board which includes the City Council. Its
sole purpose is to promote economic development within the City of St. Anthony. The HRA is a
component unit of the City and its financial transactions have been included in these financial
statements as a blended component unit. Additional information on both of these legally
separate entities can be found in Note 1(A) & 7(D) in the notes to the financial statements.
The annual budget serves as the foundation for the City of St. Anthony's financial planning and
control. All departments of the City of St. Anthony submit requests for appropriations to the
City Manager in June of each year. The City Manager uses these requests as the starting point
for developing the recommended budget. The City Manager then presents the recommended
budget to the City Council for their review prior to the certification of the proposed levy to the
County Auditors by September 15th. The City Council is required to hold public hearings on the
proposed budget and to adopt a final budget by December 31, the close of the City of St.
Anthony's fiscal year.
The appropriated budget is prepared for the General Fund by function (e.g., public safety), and
department (e.g., police), and object code (e.g., salaries). Transfers of appropriations between
departments require the approval of the City Council. Budget -to -actual comparisons are
provided on Statement 10 as required supplementary information to the basic financial
statements for the governmental funds.
Factors Affecting Financial Condition
The information presented in the financial statements is perhaps best understood when it is
considered from the broader perspective of the specific environment within which the City of St.
Anthony operates.
Local economy: The Minneapolis -St. Paul metropolitan area has continued to experience a
relatively stable economy. The market place for local products and services remains strong. St.
Anthony is a fully developed City. However, continued long-term growth is anticipated as St.
Anthony continues to pursue redevelopment opportunities.
Long-term financial planning: The City maintains internal service funds for the replacement
of various capital assets. The Capital Equipment Fund provides funding for the replacement of
the City's fleet including all vehicles and heavy equipment that have a value of $5,000 or more
and a useful life of at least two years. The Road Improvement Funds have been established for
the replacement of the City's roads and infrastructure, including the resurfacing and
reconstruction of City's streets, sidewalks and storm water system.
The City combines the use of goal setting and a comprehensive budget process to identify and
prioritize all City improvement projects. On an on-going basis, projects are identified, discussed
and prioritized by the City Council. Once the project is identified, a complete analysis is done to
review the impact, examine the funding sources available to determine the appropriate funding
source and budget for the costs.
Cash management policies and practices: The City's foremost investment objective is to
preserve capital. Secondary considerations are liquidity and lastly yield. Accordingly, deposits
are either insured by federal depository insurance or collateralized. All temporary cash surpluses
during the year are invested in various securities defined by Minnesota Statutes. The City's
policy is to invest all available monies at competitive interest rates in accordance with the City's
over-all fiscal plan and coordinate them with operating needs and programs projected over the
ensuing 12 months.
Risk Management: The City uses a proactive approach to limit its liability risk and insurance
costs. To assist employees who are injured while on duty, Managed Care Program is used to
reduce medical expenses and other costs relating to workplace injuries. The program assists
employees with a treatment plan which reduces lost workdays, replacement workers, etc.
In addition, a safety committee consisting of employees from every department meets monthly
throughout the year to discuss safety related items, review accident reports and provide
recommendations to reduce the City's exposure to liability.
The City's general liability insurance is with the League of Minnesota Cities Insurance Trust. In
order to reduce the cost of insurance, a $10,000 per occurrence/$50,000 aggregate deductible is
maintained and funded through insurance dividends paid by the League of Minnesota Cities.
Awards: The City of St. Anthony received the following awards in 2013:
1) League of Minnesota Cities — City of Excellence
Grants: Each year, the City actively participates in Federal, State and County administered
grants. In 2013 the Police, Fire, Public Works and Administration received a variety of safety
and training grants. A list of the grants includes:
A. Metropolitan Council Environmental Services — Sanitary Sewer Improvements.
B. Mississippi Watershed Management Organization — Infrastructure Grant.
C. League of Minnesota Cities — City of Excellence Award.
D. Federal Emergency Management Agency (FEMA) — Storm Damage
E. Minnesota Board of Firefighter Training & Education — Firefighter Training &
Education Reimbursement.
F. Minnesota Firefighter Disability Grant.
G. Hennepin County Pass EMPG Pass Thru Funds.
H. Safe and Sober Grant — Alcohol Compliance Grant.
I. State of Minnesota — Vest Grant.
J. Ramsey County — Safe and Sober Grant.
K. Centerpoint Community Development Grant — Fire Department Equipment.
L. University of Minnesota — Fire Department Lucas Device
Partnerships: The City partners with local businesses, civic organizations and the Chamber of
Commerce to provide a variety of community safety and education programs. In 2013, the City
continued to receive funding for the "Citizens Academy" and "Crime Prevention" which
provides alcohol awareness training and public safety for our residents.
Acknowledgements:
Finally, we would like to express our gratitude to the Mayor and the City Council. Their
unfailing support for maintaining the highest standard of professionalism in the management of
the City of St. Anthony's finances results in a fiscally sustainable City government.
Respectfully submitted,
Mark Casey
City Manager
Shelly Rueckert
Finance Director
CITY OF ST. ANTHONY, MINNESOTA
ORGANIZATION
December 31, 2013
Term Expires
Mayor:
Jerry Faust December 31, 2015
Council Members
Hal Gray
December 31, 2015
Jim Roth
December 31, 2015
Randy Stille
December 31, 2017
Jan Jenson
December 31, 2017
City Manager:
Mark Casey Appointed
Finance Director:
Shelly Rueckert Appointed
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II. FINANCIAL SECTION
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10
TAUTGEs REDPATH, LTD.
Certified Public Accountants
INDEPENDENT AUDITOR'S REPORT
To the Honorable Mayor and
Members of the City Council
City of St. Anthony, Minnesota
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the
business -type activities, each major fund, and the aggregate remaining fund information of the City
of St. Anthony, Minnesota, as of and for the year ended December 31, 2013, and the related notes to
the financial statements, which collectively comprise the City's basic financial statements as listed
in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether due
to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States
of America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor's judgment,
including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the entity's preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express
no such opinion. An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of significant accounting estimates made by management, as well as
evaluating the overall presentation of the financial statements.
4810 White Bear Parkway White Bear Lake, MN 55110 651.426.7000 651.426.5004 fax www.hibtr.com
Equal Opportunity Employer 100 -Percent Employee-d"ed
HLB Taulges Rodpath. Ltd, is a member of HLB International, a world-wide network of independent accounting firms and business atlNsors.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business -type activities, each major
fund, and the aggregate remaining fund information of the City of St. Anthony, Minnesota, as of
December 31, 2013, and the respective changes in financial position, and, where applicable, cash
flows thereof for the year then ended in accordance with accounting principles generally accepted
in the United States of America.
Emphasis of Matter — Implementation of GASB 65
As described in Note 18 to the financial statements, in 2013, the City adopted new accounting
guidance, GASB Statement No. 65, Items Previously Reported as Assets and Liabilities. Our
opinion is not modified with respect to this matter.
Report on Summarized Comparative Information
We have previously audited the City of St. Anthony, Minnesota's 2012 financial statements, and we
expressed an unmodified audit opinion on the respective financial statements of the governmental
activities, the business -type activities, each major fund, and the aggregate remaining fund information in
our report dated June 13, 2013. In our opinion, the summarized comparative information presented
herein as of and for the year ended December 31, 2012 is consistent, in all material respects, with the
audited financial statements from which they were derived.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management's discussion and analysis, budgetary comparison information and OPEB Schedule of
Funding Progress on pages 15 - 25 and 88 - 94 be presented to supplement the basic financial
statements. Such information, although not a part of the basic financial statements, is required by
the Governmental Accounting Standards Board, who considers it to be an essential part of financial
reporting for placing the basic financial statements in an appropriate operational, economic, or
historical context. We have applied certain limited procedures to the required supplementary
information in accordance with auditing standards generally accepted in the United States of
America, which consisted of inquiries of management about the methods of preparing the
information and comparing the information for consistency with management's responses to our
inquiries, the basic financial statements, and other knowledge we obtained during our audit of the
basic financial statements. We do not express an opinion or provide any assurance on the
information because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance.
12
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City of St. Anthony, Minnesota's basic financial statements. The
introductory section, combining and individual nonmajor fund financial statements and schedules,
supplementary financial information, and statistical section are presented for purposes of additional
analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements and schedules and the
supplementary financial information are the responsibility of management and were derived from
and relate directly to the underlying accounting and other records used to prepare the basic financial
statements. Such information has been subjected to the auditing procedures applied in the audit of
the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to
prepare the basic financial statements or to the basic financial statements themselves, and other
additional procedures in accordance with auditing standards generally accepted in the United States
of America. In our opinion, the combining and individual nomnajor fund financial statements and
schedules and the supplementary financial information are fairly stated in all material respects in
relation to the basic financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied
in the audit of the basic financial statements and, accordingly, we do not express an opinion or
provide any assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 9,
2014, on our consideration of the City of St. Anthony, Minnesota's internal control over financial
reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts,
and grant agreements and other matters. The purpose of that report is to describe the scope of our
testing of internal control over financial reporting and compliance and the results of that testing,
and not to provide an opinion on internal control over financial reporting or on compliance. That
report is an integral part of an audit performed in accordance with Government Auditing Standards
in considering the City of St. Anthony, Minnesota's internal control over financial reporting and
compliance.
11de 7a ek� Ad,
HLB TAUTGES REDPATH, LTD.
June 9, 2014
13
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14
L
MANAGEMENT'S DISCUSSION AND ANALYSIS
As management of the City of St. Anthony, Minnesota, we offer readers of the City of St.
Anthony, Minnesota's financial statements this narrative overview and analysis of the financial
activities of the City of St. Anthony, Minnesota for the fiscal year ended December 31, 2013.
We encourage readers to consider the information presented here in conjunction with additional
information that we have furnished in our letter of transmittal, which can be found in the
Introductory Section of this report.
Financial Highlights
• The assets of the City of St. Anthony, Minnesota exceeded its liabilities at the close of the
most recent fiscal year by $25,918,071 (net position). Of this amount, $725,790
(unrestricted net position) may be used to meet the City's ongoing obligations to citizens and
creditors.
• The City's total net position increased by $1,412,870 from the prior years stated net position.
• As of the close of the current fiscal year, the City of St. Anthony's governmental funds
reported combined ending fund balances of $9,550,587, a decrease of $1,112,447 in
comparison with the prior year stated fund balances.
• At the end of the current fiscal year, unassigned fund balance for the General Fund was
$2,074,490 or 35.42% of total General Fund Budget expenditures.
• The City of St. Anthony's total bonded debt decreased by $2,575,000 (6.9%) during the
current fiscal year. The key factors in this decrease were; 1) payoff of 2006A G.O.
Improvement bonds totaling $2,120,000; 2) principal retirement of $2,125,000; 3) issuance
of the 2013A $1,775,000 G.O. Improvement bonds; 4) the payoff and refunding of Water
Sewer Revenue bonds for a net reduction in debt of $105,000.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City of St. Anthony,
Minnesota's basic financial statements. The City of St. Anthony, Minnesota's basic financial
statements comprise three components: 1) government -wide financial statements, 2) fund
financial statements, and 3) notes to the financial statements. This report also contains other
supplementary information in addition to the basic financial statements themselves.
Government -wide financial statements. The government -wide financial statements are
designed to provide readers with a broad overview of the City of St. Anthony, Minnesota's
finances, in a manner similar to a private -sector business.
The statement of net position presents information on all of the City of St. Anthony, Minnesota's
assets and liabilities, with the difference between the two reported as net position. Over time,
increases or decreases in net position may serve as a useful indicator of whether the financial
position of the City of St. Anthony, Minnesota is improving or deteriorating.
15
Governmental Activities. Governmental activities increased the City of St. Anthony's net
position by $179,582 compared to prior year increase of $1,734,198. The key element for this
change relates to the City contributing assets from Governmental Activities to Business -Type
Activities.
Revenues by Source
- Governmental
Activities Othertaxes Other
110,
its and
ns
Capital grants and
contributions
Property taxes 7%
50%
For the most part, increases in expenses closely paralleled inflation and growth in the demand for
services.
20
Business -type activities. Business -type activities increased net position by $1,233,288. The
key factor for the increase was assets were contributed to the Water/Sewer Funds by the Annual
Street Improvement Funds. Rate increases for all utility services were made for 2013 and 2014
billings.
Revenues by Source -
Business -Type Activities
99%
Financial Analysis of the City's Funds
As noted earlier, the City of St. Anthony uses fund accounting to ensure and demonstrate
compliance with finance -related legal requirements.
Governmental funds. The focus of the City of St. Anthony, Minnesota's governmental funds is
to provide information on near-term inflows, outflows, and balances of spendable resources.
Such information is useful in assessing the City of St. Anthony, Minnesota's financing
requirements.
As of the end of the current fiscal year, the City of St. Anthony, Minnesota's governmental funds
reported combined ending fund balances of $9,550,587, a decrease of $1,112,447 in comparison
with the prior year restated amounts.
The ending fund balance by GASB 54 designation is as follows:
Nonspendable
$74,098
Restricted
7,272,849
Committed
94,064
Assigned
1,707,483
Unassigned
402,093
Total
$9,550,587
21
The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end
of the current fiscal year, unassigned fund balance of the General Fund was $2,074,490, while
total fund balance reached $2,148,539. As a measure of the General Fund's liquidity, it may be
useful to compare both unassigned fund balance and total fund balance to total fund
expenditures. Unassigned fund balance represents 34% of total General Fund expenditures and
total fund balance represents 35.2% of that same amount.
During the current fiscal year, the fund balance in the General Fund increased by $173,202.
The Street Improvement Debt Service Fund decreased by $1,734,319 as debt was refinanced in
2012 and proceeds were used for retirement of debt in early 2013.
The HRA Debt Service Fund decreased by $30,564 as annual revenue collected and transfers in
was less than annual debt service requirements.
The Street Improvement Projects Fund decreased by $104,339 substantially due to the closing
transfer of certain improvement funds to their related debt service fund.
The HRA Projects Funds increased by $29,515 substantially due to the payments for pay as you
go notes loans being accrued in the current periods to match revenue.
The 2012 Street Improvement Project fund decreased by $38,387 due to final construction costs
paid.
The 2013 Street Improvement Project fund increased by $481,996 due to bond proceeds received
less current construction expenditures.
The 2014 Street Improvement Project fund decreased by $138,667 due to preliminary
engineering costs prior to construction, 2014 bonding proceeds will be used to repay these
preliminary expenditures.
Non -major Special Revenue Funds decreased by $80,369 to a balance of ($97,479) substantially
due to a $145,000 transfer of Community Center funds to the building improvement fund, offset
by HRA and Recycling fund balances increasing.
Non -major Debt Service Funds had a total fund balance of $1,981,209, all of which is restricted
for the payment of debt service. The net increase in fund balance during the current year in the
non -major debt service funds was $308,074, of which $114,063 represents the addition of the
2013 Street Improvement Bond Fund.
Non -major Capital Project Funds had a total fund balance of $1,229,980, an increase of
$232,534, which included the transfer from the non -major special revenue funds discussed
above.
Proprietaryfunds. The City of St. Anthony, Minnesota's proprietary funds provide the same
type of information found in the government -wide financial statements, but in more detail.
22
Total net position in the Liquor Operations and Water and Sewer Funds at the end of the year
amounted to $11,570,912. The total net position for each fund was: Liquor— $2,238,739; Water
and Sewer — $9,332,173.
General Fund Budgetary Highlights
Variances from actual to budget can be briefly summarized as follows:
• Licenses and permits were $114,142 greater than budget due to construction related permits
being $104,762 greater than anticipated and along with activity being budgeted
conservatively
• General property taxes were $102,105 greater than budget due to an allowance for
uncollected taxes being included in budgeted revenues.
• Police Grants revenues exceed budget by $97,020 due to non -budgeted grant collections
related to disaster relief efforts.
• Fire State Aid —was greater than budget by $13,097 due to additional supplemental funding
provided by the State. The supplemental aid was not included in the budget.
• County other was greater than budget by $62,415 which is attributable to a non -budgeted
grant received for firefighter equipment.
• Antenna rentals were greater than budget by $17,055 due to an additional antenna lease
acquired during 2013.
• Charges for services — other was greater than budget by $32,318 due to greater fuel usage
charges to the City of New Brighton and additional services provided to the City of
Birchwood Village during 2013.
• Miscellaneous other revenues were $44,618 less than budget due to anticipated dividends on
workers compensation insurance not being distributed by the League of Minnesota Insurance
Trust along with other decrease in miscellaneous.
• General Management — other services and charges were greater than budget by $28,146 due
the addition of Contracted services for Human Resources, Healthy and Safety review
services and enhanced professional development efforts.
• Finance — other services and charges were $23,137 greater than budget due to increased
liability insurance premiums due to the changes in underwriting policies by the League of
Minnesota Insurance Trust.
• Planning and zoning —other services and charges was $33,062 greater than budget due to
expanded contracted planning, which was consistent with the growth of building permit and
plan check revenues.
• Police protection — personal services was $57,029 greater than budget due to the addition of
an officer in charge pay code and the transition of a patrol officer position to a sergeant to
enhance risk management. Other budget variances were the result of changes in benefit
elections and greater resource allocations to meet staffing needs.
• Fire protection — other services and charges was $32,800 greater than budget due to costs
associated with the reimbursed grant expenditures.
• Protective Inspections — other services and charges was $59,313 greater than budget due to
greater construction related revenues.
• Public Works Street maintenance — personal services was greater than budget by $30,079 due
to the additional labor incurred due to severe summer storm and the length of winter snow-
plowing season.
23
Capital Asset and Debt Administration
Capital Assets. The City of St. Anthony, Minnesota's investment in capital assets for its
governmental and business -type activities as of December 31, 2013 amounts to $44,966,757 (net
of accumulated depreciation). This investment in capital assets includes land, buildings and
structures, improvements, machinery and equipment, park facilities, roads and infrastructure.
The total decrease in the City of St. Anthony, Minnesota's investment in capital assets for the
current fiscal year is .75%.
Major capital asset events during the current fiscal year included the following:
The annual street reconstruction and infrastructure improvement project is reflected in the
Construction in progress.
Land
Land improvement
Buildings and structures
Furniture and fixtures
Software intangibles
Infrastructure/streets
Storm sewers
Storm water
Less accumulated depreciation
Construction in progress
Total
City of St. Anthony, Minnesota's Capital Assets
Governmental Activities
Business -Type
Activities
Totals
2013
2012
2013
2012
2013
2012
$3,747,184
$3,378,842
$5,653
$5,653
$3,752,837
$3,384,495
505,717
874,059
-
-
505,717
-
9,836,936
9,836,936
3,883,283
3,883,283
13,720,219
13,720,219
3,645,444
3,528,235
1,441,075
1,441,075
5,086,519
4,969,310
-
-
26,022
26,022
26,022
26,022
31,441,542
29,257,164
8,145,639
6,797,401
39,587,181
36,054,565
428,469
428,469
-
-
428,469
428,469
2,063,842
1,488,329
-
-
2,063,842
-
(15,510,352)
(13,782,625)
(6,410,371)
(6,085,051)
(21,920,723)
(19,867,676)
1,716,674
4,226,741
1,716,674
4,226,741
$37,875,456
$39,236,150
$7,091,301
$6,068,383
$44,966,757
$42.942,145
Additional information on the City of St. Anthony, Minnesota's capital assets can be found in
Note 5.
Long-term debt. At the end of the current fiscal year, the City of St. Anthony, Minnesota had
total debt outstanding of $34,560,000. Of this amount, $24,280,000 comprises debt backed by
the full faith and credit of the City, $1,735,000 is backed by tax increments, $8,545,000 is
backed by revenues sources from the City of St. Anthony, Minnesota's enterprise funds. The
remainder of the City of St. Anthony, Minnesota's debt represents the liability for compensated
absences.
24
City of St. Anthony, Minnesota's Outstanding Debt
General Obligation and Revenue Bonds
Governmental Activities Business -Type Activities Totals
2013 2012 2013 2012 2013 2012
General obligation bonds
$24,280,000
$26,390,000
$ -
$ - $24,280,000
$26,390,000
G.O. revenue bonds
295,000
430,000
1,440,000
1,545,000 1,735,000
1,975,000
Revenue bonds
8,545,000
8,770,000
-
- 8,545,000
8,770,000
Issuance premiums (discounts)
375,799
391,471
45,456
- 421,255
391,471
Compensated absences
650,208
649,849
143,548
133,308 793,756
783,157
Total
$34,146,007
$36.631,320
$1,629,004
$1,678,308 $35,775,011
$38,309,628
The City of St. Anthony's total bonded debt decreased $2,575,000 (6.9%) during the current
fiscal year. The key factors in this increase were; 1) payoff of 2006A G.O. Improvement bonds
totaling $2,120,000; 2) principal retirement of $2,125,000; 3) issuance of the 2013A $1,775,000
G.O. Improvement bonds; 4) the payoff and refunding of Water Sewer Revenue bonds for a net
reduction in debt of $105,000.
The City of St. Anthony, Minnesota maintains an "AA" rating from Standard and Poor's for
general obligation debt. State statutes limit the amount of general obligation debt the City may
issue to 3% of its total market value. The current debt limitation for the City of St. Anthony,
Minnesota is $20,237210, which is in excess of the City of St. Anthony, Minnesota's
$10,700,000 outstanding general obligation debt, excluding tax increment, special assessment,
and HRA bonds. Additional information on the City of St. Anthony, Minnesota's long-term debt
can be found in Note 6.
Economic Factors and Next Year's Budgets and Rates
• Healthy financial profile with a stable outlook including a very strong general fund balance.
• Strong income and wealth indicators relative to national levels.
• The stable outlook reflects expectations that St. Anthony will continue to maintain balanced
operations.
• Good management practices, including extensive financial planning to maintain acceptable
service levels while being sensitive to increases in property taxes remains the most
significant challenge.
These factors were considered in preparing the City of St. Anthony, Minnesota's budget for the
2014 fiscal year.
Requests for Information
This financial report is designed to provide a general overview of the City of St. Anthony,
Minnesota's finances for all those with an interest in the government's finances. Questions
concerning any of the information provided in this report or requests for additional financial
information should be addressed to the Office of the Finance Director, City of St. Anthony,
Minnesota, 3301 Silver Lake Road, St. Anthony, Minnesota, 55418.
25
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26
BASIC FINANCIAL STATEMENTS
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28
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF NET POSITION
December 31, 2013
With Comparative Totals For December 31, 2012
Statement 1
Liabilities:
14,322,013 5,605,845
Primary Government
19,706,357
Restricted for:
Governmental
Business -Type
Totals
651,511
468,784
Activities
Activities
2013
2012
Assets:
Deposits payable
341,000
84,550
425,550
Cash and investments
$9,331,784
$4,538,842
$13,870,626
$11,823,980
Funds held in trust
1,392,296
181,734
1,392,296
3,850,936
Accrued interest
17,584
461,460
17,584
10,233
Due from other governmental units
662,976
-
662,976
68,573
Internal balances
(1,026,721)
1,026,721
-
-
Accounts receivable - net
127,997
457,845
585,842
598,217
Prepaid items
43,152
22,976
66,128
107,102
Property taxes receivable
217,312
-
217,312
146,886
Special assessments receivable
1,758,676
3,781,048
1,758,676
1,765,976
Funds held for others
61,049
-
61,049
70,925
Inventories - at cost
30,946
797,400
828,346
832,494
Land held for resale
-
-
-
600,000
Capital assets - net:
Total liabilities
36,145,348
2,364,173
38,509,521
Nondepreciable
5,463,858
5,653
5,469,511
7,611,236
Depreciable
32,411,598
7,085,648
39,497,246
37,693,297
Total assets
50,492,507
13,935,085
64,427,592
65,179,855
Liabilities:
14,322,013 5,605,845
19,927,858
19,706,357
Restricted for:
Accounts payable
497,749
153,762
651,511
468,784
Contracts payable
77,447
-
77,447
414,600
Deposits payable
341,000
84,550
425,550
90,863
Due to other governmental units
84,812
363,687
448,499
130,212
Salaries payable
181,734
59,739
241,473
196,550
Accrued interest payable
461,460
12,000
473,460
521,254
Compensated absences payable:
Due within one year
197,087
43,533
240,620
269,268
Due in more than one year
453,121
100,015
553,136
513,889
Bonds and notes payable (net of unamortized
premiums and discounts):
Due within one year
3,781,048
114,508
3,895,556
5,845,971
Due in more than one year
29,714,751
1,370,948
31,085,699
31,680,500
Other post employment benefits:
Due in more than one year
355,139
61,431
416,570
331,640
Total liabilities
36,145,348
2,364,173
38,509,521
40,463,531
Net position
Net investments in capital assets
14,322,013 5,605,845
19,927,858
19,706,357
Restricted for:
Debt service
5,242,895 -
5,242,895
4,741,115
Public safety
21,528 -
21,528
21,521
Unrestricted
(5,239,277) 5,965,067
725,790
247,331
Total net position
$14,347,159 $11,570,912
$25,918,071
$24,716,324
The accompanying notes are an integral part of these financial statements.
29
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF ACTIVITIES
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Functions/Programs
Primary government:
Governmental activities:
General government
Public safety
Public works
Parks and recreation
Housing and redevelopment
Interest on long-term debt
Total governmental activities
Business -type activities:
Liquor
Water
Water Filtration and Purification
Sewer
Total business -type activities
Total primary government
Expenses
$1,029,147
4,488,023
2,565,860
569,254
565,303
1,217,646
10,435,233
Program Revenues
Charges For
Services
$421,145
1,342,930
340,946
403,089
2,508,110
6,479,809
6,908,143
826,112
933,051
124,505
-
1,052,421
947,632
8,482,847
8,788,826
$18,918,080
$11,296,936
The accompanying notes are an integral part of these financial statements.
30
Program Revenues
Operating Capital
Grants and Grants and Governmental
Contributions Contributions Activities
Net (Expense) Revenue and
Changes in Net Position
Primary Government
Business -Type Totals
Activities 2013
Statement 2
2012
$17,340 $
($590,662)
$ -
($590,662)
($928,067)
380,196
(2,764,897)
-
(2,764,897)
(2,404,907)
184,814 780,072
(1,260,028)
-
(1,260,028)
(672,342)
- -
(166,165)
-
(166,165)
(94,286)
-
(565,303)
-
(565,303)
(649,104)
3,600
(1,214,046)
(1,214,046)
(1,191,523)
585,950 780,072
(6,561,101)
0
(6,561,101)
(5,940,229)
- -
428,334
428,334
520,406
106,939
106,939
56,092
(124,505)
(124,505)
(114,337)
(104,789)
(104,789)
(163,291)
0 0
0
305,979
305,979
298,870
$585,950 $780,072
(6,561,101)
305,979
(6,255,122)
(5,641,359)
General revenues:
General property taxes
5,703,707
5,703,707
5,408,188
Tax increment taxes
1,405,872
1,405,872
1,335,674
Grants and contributions not
restricted to specific programs
26,384
-
26,384
10,639
Unrestricted investment earnings
24,173
51,593
75,766
178,039
Gain on sale of capital assets
-
-
-
46,195
Other
389,785
66,478
456,263
226,094
Transfers
(809,238)
809,238
Total general revenues and transfers
6,740,683
927,309
7,667,992
7,204,829
Change in net position
179,582
1,233,288
1,412,870
1,563,470
Net position - January 1, as previously reported
14,378,700
10,337,624
24,716,324
23,665,941
Prior period adjustment
(211,123)
(211,123)
(513,087)
Net position - January 1, as restated
14,167,577
10,337,624
24,505,201
23,152,854
Net position - December 31
$14,347,159
$11,570,912
$25,918,071
$24,716,324
The accompanying notes are an integral part of these financial statements.
31
CITY OF ST. ANTHONY, MINNESOTA
BALANCE SHEET
GOVERNMENTALFUNDS
December 31, 2013
With Comparative Totals For December 31, 2012
Assets
Cash and investments
Funds held in trust
Accrued interest
Due from other governmental units
Interfund receivable
Accounts receivable - net
Prepaid items
Property taxes receivable:
Delinquent
Due from county
Special assessments receivable
Funds held by others
Inventories
Land held for resale
Total assets
Liabilities, Deferred Inflows of Resources, and Fund Balance
Liabilities:
Accounts payable
Contracts payable
Interfund payable
Deposits payable
Interfund loan payable
Due to other governmental units
Salaries payable
Total liabilities
Deferred inflows of resources:
Unavailable revenue
Total deferred inflows of resources
Fund balance (deficit):
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total fund balance (deficit)
Total liabilities, deferred inflows of
resources, and fund balance (deficit)
$1,691,609
HRA Debt
$588,736 $157,846
Street
Service
Street
General Fund Improvement Debt
325/311/312/335/
Improvement
101/900 Service 345/503
336
Projects 504/340
Assets
Cash and investments
Funds held in trust
Accrued interest
Due from other governmental units
Interfund receivable
Accounts receivable - net
Prepaid items
Property taxes receivable:
Delinquent
Due from county
Special assessments receivable
Funds held by others
Inventories
Land held for resale
Total assets
Liabilities, Deferred Inflows of Resources, and Fund Balance
Liabilities:
Accounts payable
Contracts payable
Interfund payable
Deposits payable
Interfund loan payable
Due to other governmental units
Salaries payable
Total liabilities
Deferred inflows of resources:
Unavailable revenue
Total deferred inflows of resources
Fund balance (deficit):
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total fund balance (deficit)
Total liabilities, deferred inflows of
resources, and fund balance (deficit)
$1,691,609
$1,442,332
$588,736 $157,846
-
1,392,296
- -
15,149
2,019
- -
173,907
-
- -
504,259
-
- -
28,738
-
- -
43,103
-
- -
70,294
17,497
8,049 -
28,758
9,503
3,311 -
30
767,315
- -
30,946
$2,586,793
$3,630,962
$600,096 $157,846
$107,127
2,000
5,575
81,163
177,639
367,929 0 0 5,575
70,325 784,812 8,049
70,325 784,812 8,049 0
74,049 - -
- 2,846,150 592,047 -
- - - 152,271
2,074,490 -
2,148,539 2,846,150 592,047 152,271
$2,586,793 $3,630,962 $600,096 $157,846
The accompanying notes are an integral part of these financial statements.
32
Statement 3
HRA Projects
319/320/321/326/330
2012 Street
Improvement
Project Fund 517
2013 Street
Improvement
Project Fund 519
2014 Street
Improvement
Project Fund 521
Other
Governmental
Funds
Intra -Activity,
Eliminations
Total Governmental Funds
414,600
121,453 41,090
- 64,508 244,677
(471,728) -
-
- -
2013
2012
$1,757,602
$513
$358,025
$ -
$3,335,121
$ -
$9,331,784
$8,692,417
-
-
-
-
-
-
1,392,296
3,850,936
-
-
-
-
416
-
17,584
4,155
-
53,238
-
-
435,831
-
662,976
68,568
-
-
-
-
-
(471,728)
32,531
-
-
-
-
-
99,259
-
127,997
137,609
-
-
-
-
49
-
43,152
68,610
40,539
-
-
-
21,196
-
157,575
103,414
8,114
-
-
-
10,051
-
59,737
43,472
-
-
-
-
991,331
-
1,758,676
1,765,976
61,049
-
-
-
-
-
61,049
70,925
-
-
-
-
-
-
30,946
-
600,000
$1,867,304
$53,751
$358,025
$0
$4,893,254
($471,728)
$13,676,303
$15,406,082
$208,367 $ -
$13,180 $74,159 $94,916
$ - $497,749
$143,668
- -
55,764 - 21,683
- 77,447
414,600
121,453 41,090
- 64,508 244,677
(471,728) -
-
- -
- - 339,000
- 341,000
2,483
959,326 -
- - 61,820
- 1,026,721
2,124,750
2,824 -
- - 825
- 84,812
47,951
-
4,095
181,734
144,110
1,291,970 41,090
68,944 138,667 767,016
(471,728) 2,209,463
2,877,562
40,539 1,012,528 1,916,253 1,865,486
40,539 0 0 0 1,012,528 0 1,916,253 1,865,486
-
- - - 49
- 74,098
68,610
1,831,915
- - - 2,002,737
- 7,272,849
8,594,337
61,049
- - - 33,015
- 94,064
222,184
-
12,661 289,081 - 1,253,470
- 1,707,483
1,344,529
(1,358,169)
(138,667) (175,561)
402,093
433,374
534,795
12,661 289,081 (138,667) 3,113,710
0 9,550,587
10,663,034
$1,867,304 $53.751 $358,025 $0 $4,893,254
($471,728) $13.676,303
$15,406,082
Fund balance reported above
$9,550,587
$10,663,034
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources, and therefore, are not
reported in the funds.
37,875,456
39,236,150
Other long-term assets are not available to pay for curtent-period expenditures and, therefore, are
reported as unavailable in the funds.
1,916,253
1,865,486
Long-term liabilities, including bonds payable, are not due and payable in the current period and
therefore are not reported in the funds.
(34,312,398)
(36,758,007)
Internal service funds are used by management to charge the cost of employee vacation and
severance to individual funds. The assets and liabilities are included in the governmental
activities on the statement of net position.
(682,739)
(627,963)
Net position of governmental activities
$14,347,159
$14,378,700
The accompanying notes are an integral part of these financial statements.
33
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
GOVERNMENTALFUNDS
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Street
The accompanying notes are an integral part of these financial statements.
34
Improvement
Street
General Fond
Debt Service
HRA Debt Service
Improvement
101/900
345/503
325/311/312/335/336
Projects 504/340
Revenues:
General property taxes
$3,381,333
$814,971
$374,868
$ -
Tax increment collections
-
_
-
Licenses, fees and permits
342,390
-
-
-
Intergovernmental
539,354
-
-
-
Special assessments
-
304,496
-
-
Chargesforservices
1,442,252
-
Cable franchise fees
104,089
-
-
-
Fines and forfeits
118,253
-
-
-
Investment income
(7,315)
2,835
(3,546
(1,703)
Contributions and donations
2,700
-
-
-
Refunds and reimbursement
21,183
-
-
-
Miscellaneous
46,732
118,196
Total revenues
5,990,971
1,122,302
371,322
116,493
Expenditures:
Current:
General government
745,428
-
-
-
Public safety
4,163,571
-
-
-
Public works
913,593
-
-
-
Parks and recreation
216,553
-
-
-
Nondepartmental
56,117
-
-
-
Housing and redevelopment
_
Capital outlay:
General government
8,157
_
-
-
Public safety
_
-
-
_
Public works
-
_
Debt service:
Principal
-
2,780,000
710,000
-
Interest
-
261,449
560,797
27,287
Paying agent fees
-
4,738
7,535
-
Professional service
-
3,979
-
-
Issuance costs
-
Construction/acquisition costs
-
-
_
Developer incentives
Total expenditures
6,103,419
3,050,166
1,278,332
27,287
Revenues over (under) expenditures
(112,448)
(1,927,864)
(907,010)
89,206
Other financing sources (uses):
Bonds issued
Refunding bonds issued
Payment to refunded bond escrow agent
Premium on debt issued
_
_
_
-
Sale of capital assets
-
_
_
Transfers in
380,800
193,545
876,446
-
Transfers out
(95,150)
(193,545)
Total other financing sources (uses)
285,650
193,545
876,446
(193,545)
Net change in fund balance
173,202
(1,734,319)
(30,564)
(104,339)
Fund balance (deficit) - January 1
1,975,337
4,580,469
622,611
256,610
Prior period adjustment
Fund balance (deficit) - January 1, as restated
1,975,337
4,580,469
622,611
256,610
Fund balance (deficit) - December 31
$2,148,539
$2,846,150
$592,047
$152,271
The accompanying notes are an integral part of these financial statements.
34
Statement 4
HRA Projects
319/320/321/326/330
2012 Street
Improvement
Project Fund 517
2013 Street
Improvement
Project Fund 519
2014 Street
Improvement
Project Fund 521
Other
Governmental Intra -Activity
Funds Eliminations
Total Governmental Funds
- - - - 129,283
- 1,042,876
818,851
- - - - 204,273
- 420,826
2013
2012
$ -
$ -
$ -
$ -
$1,086,244 $ -
$5,657,416
$5,416,328
1,398,000
-
-
-
- -
1,398,000
1,364,881
_
_
_
_
- -
342,390
290,985
-
53,238
-
-
199,885 -
792,477
1,530,983
-
-
75,840
-
206,855 -
587,191
427,467
-
-
-
-
490,016 -
1,932,268
1,736,274
(38,387)
(1,313,027) (138,667)
159,588
0 (3,282,64L)
- -
104,089
101,403
_
_
_
-
11,110 -
129,363
130,560
43,502
(495)
(3,426)
-
(5,655) -
24,197
55,201
-
-
-
-
13,434 -
16,134
2,778
-
16,103 -
37,286
83,408
173,505
338,433
110,644
1,441,502
52,743
72,414
0
2,191,497 0
11,359,244
11,250,912
16,274 - - - 74,488
- 836,190
1,059,361
- - - - 11,183
- 4,174,754
3,711,394
- - - - 129,283
- 1,042,876
818,851
- - - - 204,273
- 420,826
344,702
_ _ _ _ -
- 56,117
160,513
14,463 - - - 135,607
- 150,070
240,097
_ _ _ - -
- 8,157
46,588
- - - - 5,792
- 5,792
130,000
270,443
- 270,443
170,056
-
-
- -
755,000
- 4,245,000
4,255,000
89,571
-
- -
369,240
- 1,308,344
1,299,266
-
-
- -
4,114
- 16,387
18,811
_
-
- -
2,703
- 6,682
3,480
-
-
66,035 -
-
- 66,035
132,217
-
91,130
1,319,406 138,667
69,783
- 1,618,986
2,253,448
415,233
0
10,451,911
8,174,103
- 415,233
409,007
535,541
91,130
1,385,441 138,667
2,031,909
0 14,641,892
15,052,791
905,961
(38,387)
(1,313,027) (138,667)
159,588
0 (3,282,64L)
(3,801,879)
1,752,943 - 22,057 - 1,775,000 2,195,000
- - - 7,300,000
- (4,015,373)
42,080 - - - 42,080 190,221
-
-
(876,446)
-
-
-
-
-
-
25,244
571,122
(317,772)
-
(1,482,913)
1,482,913
25,244
539,000
-
10,962
610,000
-
(876,446)
0
1,795,023
0
300,651
0
2,381,324
6,290,810
29,515
(38,387)
481,996
(138,667)
460,239
0
(901,324)
2,488,931
716,403
(211,123)
51,048
(192,915)
-
2,653,471
-
-
10,663,034
(211,123)
8,305,131
(131,028)
505,280
51,048
(192,915)
0
2,653,471
0
10,451,911
8,174,103
$534,795
$12,661
$289,081
($138,667)
$3,113,710
$0
$9,550,587
$10,663,034
The accompanying notes are an integral part of these financial statements.
35
w
CITY OF ST. ANTHONY, MINNESOTA
RECONCILIATION OF THE STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES OF
GOVERNMENTALFUNDS
For The Year Ended December 31, 2013
With Comparative Amounts For The Year Ended December 31, 2012
Statement 5
2013 2012
Amounts reported for governmental activities in the
statement of activities (statement 2) are different because:
Net changes in fund balances - total governmental funds (statement 4) ($901,324) $2,488,931
Governmental funds report capital outlays as expenditures. However, in the
statement of activities the cost of those assets is allocated over their
estimated useful lives and reported as depreciation expense. This is the
amount by which capital outlays exceeded depreciation in the current period. 45,991 746,019
The net effect of various miscellaneous transactions involving capital assets
(i.e. sales, trade-ins and donations) is to decrease net position, as follows: (58,447) (1,314)
Revenues in the statement of activities that do not provide current financial
resources are not reported as revenues in the funds. 50,767 26,183
The issuance of long-term debt (e.g. bonds, leases) provides current financial
resources to governmental funds, while the repayment of the principal of
long-term debt consumes the current financial resources of governmental
funds. Neither transaction, however, has any effect on net position. This
amount is the net effect of these differences in the treatment of long-term debt
and related items. 2,354,911 (1,628,707)
Some expenses reported in the statement of activities do not require the use of
current financial resources and, therefore, are not reported as expenditures in
governmental funds. 90,698 102,192
Transfer out of governmental capital assets contributed to Enterprise Funds (1,348,238)
Internal Service Funds are used by management to charge the cost of severance
expense to individual funds. This amount is the net income attributable to
governmental activities. (54,776) 894
Change in net position of governmental activities (statement 2) $179,582 $1,734,198
The accompanying notes are an integral part of these financial statements.
36
L
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
December 31, 2013
With Comparatvie Totals For December 31, 2012
Statement 6
Governmental
Business -Type
Activities Enterprise
Funds
Activities -
701/704 Water
Internal Service
Liquor 705
and Sewer
Totals
Fund
Assets:
2013
2012
Current assets:
Cash and cash equivalents
$401,808
$4,137,034
$4,538,842
$3,109,677
$ -
Due from other governmental units
-
-
-
5
-
Interfund loan receivable - current portion
-
131,195
131,195
1,177,001
-
Receivables:
Interest
-
-
-
6,078
-
Accounts
-
457,845
457,845
460,608
-
Prepaid items
7,761
15,215
22,976
38,492
-
Inventories - at cost
797,400
-
797,400
832,494
-
Total current assets
1,206,969
4,741,289
5,948,258
5,624,355
0
Noncurrent assets:
Interfund loan receivable - noncurrent portion
-
895,526
895,526
1,020,749
-
Capital assets:
Land
-
5,653
5,653
5,653
-
Buildings and structures
1,875,328
2,007,955
3,883,283
3,883,283
-
Fumiture, fixtures and equipment
411,200
1,029,875
1,441,075
1,441,075
-
Distribution and collection system
-
8,145,639
8,145,639
6,797,401
-
Software intangibles
26,022
-
26,022
26,022
-
Total capital assets
2,312,550
11,189,122
13,501,672
12,153,434
0
Less: Allowance for depreciation
(957,405)
(5,452,966)
(6,410,371)
(6,085,051)
Net capital assets
1,355,145
5,736,156
7,091,301
6,068,383
0
Total noncurrent assets
1,355,145
6,631,682
7,986,827
7,089,132
0
Total assets
2,562,114
11,372,971
13,935,085
12,713,487
0
Liabilities:
Current liabilities:
Accounts payable
130,637
23,125
153,762
325,116
-
Interfund payable
-
-
-
-
32,531
Due to other governmental units
74,710
288,977
363,687
82,261
-
Salaries payable
31,284
28,455
59,739
52,440
-
Accrued interest payable
-
12,000
12,000
26,848
-
Refundable deposits
-
84,550
84,550
88,380
-
Compensated absences payable - current portion
16,582
26,951
43,533
55,874
197,087
Bonds and notes payable - current portion
-
114,508
114,508
1,545,000
-
Interfund loan payable - current portion
-
-
36,500
-
Total current liabilities
253,213
578,566
831,779
2,212,419
229,618
Noncurrent liabilities:
Compensated absences payable - noncurrent portion
38,060
61,955
100,015
77,434
453,121
Bonds and notes payable - noncurrent portion
-
1,370,948
1,370,948
-
-
Interfund loan payable - noncurrent portion
-
-
-
36,500
-
Other post employement benefits
32,102
29,329
61,431
49,510
-
Totalnoncurrentliabilities
70,162
1,462,232
1,532,394
163,444
453,121
Total liabilities
323,375
2,040,798
2,364,173
2,375,863
682,739
Net position:
Net investments in capital assets
1,355,145
4,250,700
5,605,845
4,523,383
-
Unrestricted
883,594
5,081,473
5,965,067
5,814,241
(682,739)
Total net position
$2,238,739
$9,332,173
$11,570,912
$10,337,624
($682,739)
The accompanying notes are an integral part of these financial statements.
37
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF REVENUES, EXPENSES AND Statement 7
CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
For The Year Ended December 31, 2013
With Comparatvie Totals For The Year Ended December 31, 2012
Governmental
Sales
Cost of sales
Gross profit
Operating revenues:
Customer billings
Connection charges
Total operating revenues
Total gross profit and operating revenues
Operating expenses:
Personal services
Supplies
Contracted services
Treatment charges (MCES)
Other
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):
Investment income
Interest expense
Fees and cost of issuance
Miscellaneous revenue
Total nonoperating revenues (expenses)
Income (loss) before capital
contributions and transfers
Capital contributions and transfers:
Capital contributions
Transfers out
Change in net position
Net position -January 1
Business -Type Activities Enterprise Funds
Activities -
1,437,316
701/704
321,599
58,954
380,553
463,435 -
Water and
136,476
174,583
Internal
Liquor 705
Sewer
Totals
580,277 -
Service Fund
205,453
228,535
2013
2012
243,625
$6,908,143
$
$6,908,143
$7,139,381
$
(5,281,745)
428,334
(5,281,745)
(5,403,321)
369,412 (54,752)
1,626,398
0
1,626,398
1,736,060
0
-
1,729,883
1,729,883
1,786,218
-
150,800
150,800
49,400
0
1,880,683
1,880,683
1,835,618
0
1,626,398
1,880,683
3,507,081
3,571,678
0
733,581
703,735
1,437,316
1,448,735 54,752
321,599
58,954
380,553
463,435 -
38,107
136,476
174,583
125,916 -
-
588,795
588,795
580,277 -
23,082
205,453
228,535
245,054 -
81,695
243,625
325,320
338,849 -
1,198,064
1,937,038
3,135,102
3,202,266 54,752
428,334
(56,355)
371,979
369,412 (54,752)
(1,676) 53,269
51,593
122,833 (24)
(29,102)
(29,102)
(70,192)
- (36,898)
(36,898)
(350)
63,738 2,740
66,478
17,569
62,062 (9,991)
52,071
69,860 (24)
490,396
(66,346)
424,050
439,272 (54,776)
-
1,348,238
1,348,238
-
(439,000)
(100,000)
(539,000)
(610,000)
51,396
1,181,892
1,233,288
(170,728) (54,776)
2,187,343
8,150,281
10,337,624
10,409,882 (627,963)
Prior period adjustment - - - 98,470
Net position - January 1, as restated 2,187,343 8,150,281 10,337,624 10,508,352 (627,963)
Net position - December 31 $2,238,739 $9,332,173 $11,570,912 $10,337,624 ($682,739)
The accompanying notes are an integral part of these financial statements.
38
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Cash flows from operating activities:
Receipts from customers and users
Payment to suppliers
Payment to employees
Miscellaneous revenue
Net cash flows provided by (used in) operating activities
Cash flows from noncapital financing activities:
Transfer to General Fund
Transfer to Capital Project Funds
Change in interfund receivable/payable
Net cash flows provided by (used in) noncapital financing
activities
Cash flows from capital and related
financing activities:
Change in interfund loan receivable/payable
Interest received on interfund receivable
Proceeds from debt
Issuance costs paid on debt
Principal paid on debt
Interest paid on debt
Net cash flows provided by (used in) capital and related
financing activities
Cash flows from investing activities:
Investment income
Net increase (decrease)in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
to net cash flows from operating activities:
Miscellaneous revenue
Depreciation
Changes in assets and liabilities:
Decrease (increase) in receivables
Decrease (increase) in prepaid items
Decrease (increase) in inventory
Increase (decrease)in payables
Total adjustments
Net cash provided by operating activities
Statement 8
Governmental
Business -Type Activities Enterprise Funds Activities -
701/704
Water and Internal
Liquor 705 Sewer Totals Service Fund
2013 2012
$6,911,746 $1,879,843 $8,791,589 $8,954,810 $
(5,795,857) (701,502) (6,497,359) (6,939,216) -
(714,411) (693,440) (1,407,851) (1,446,147) (54,393)
63,738 2,740 66,478 17,564 -
465,216 487,641 952,857 587.011 (54,393)
(330,800) (50,000) (380,800) (355,800)
(108,200) (50,000) (158,200) (254,200)
32,531
(439,000) (100,000) (539,000) (610,000) 32,531
(73,000) 1,171,029
1,098,029
(14,260)
- 67,730
67,730
202,647
- 1,489,964
1,489,964
-
- (36,898)
(36,898)
-
- (1,545,000)
(1,545,000)
(95,000)
- (48,458)
(48,458)
(71,948)
(73,000) 1,098,367 1,025,367 21,439
(1,676) (8,383) (10,059) 58,072 (24)
(48,460) 1,477,625 1,429,165 56,522 (21,886)
450,268 2,659,409 3,109,677 3,053,155 21,886
$401,808 $4,137,034 $4,538,842 $3,109,677 $0
$428,334 ($56,355) $371,979 $369,412 ($54,752)
63,738 2,740 66,478 17,569
81,695 243,625 325,320 338,849
3,603
(840)
2,763
(20,194) -
10,979
4,537
15,516
(9,581) -
35,094
-
35,094
(125,484) -
(158,227)
293,934
135,707
16,440 359
36,882
543,996
580,878
217,599 359
$465,216
$487,641
$952,857
$587,011 ($54,393)
Noncash investing, capital and financing activities:
Water and Sewer System assets in the amount of $1,348,238 and $0 were contributed to the Water and Sewer Fund in 2013 and 2012, respectively.
The accompanying notes are an integral part of these financial statements.
L39
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUND -DEVELOPERS DEPOSIT
December 31, 2013
With Comparative Totals For December 31, 2012
Assets:
Cash and investments
Accounts receivable - net
Total assets
Statement 9
2013 2012
($7,234)
7,234
$0
Liabilities:
Deposits payable $ $
The accompanying notes are an integral part of these financial statements.
40
($1,546)
1,546
$0
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of St. Anthony, Minnesota (the City) operates pursuant to applicable Minnesota laws and statutes
under the council-manager plan (Statutory Plan B) as defined by State statutes. The government of the City is
directed by a Council composed of an elected mayor and four other elected members. The Council exercises
legislative authority and determines matters of policy. The Council appoints the City Manager who is
responsible for the administration of all affairs relating to the City.
The financial statements of the City have been prepared in conformity with generally accepted accounting
principles as applied to governmental units by the Governmental Accounting Standards Board (GASB). The
following is a summary of the significant accounting policies.
A. FINANCIAL REPORTING ENTITY
As required by generally accepted accounting principles, the financial statements of the reporting
entity include those of the City (the primary government) and its component units. The component
unit discussed below is included in the City's reporting entity because of the significance of their
operational or financial relationships with the City.
COMPONENT UNITS
In conformity with generally accepted accounting principles, the financial statements of the component
unit have been included in the financial reporting entity as a blended component unit.
The Housing and Redevelopment Authority (HRA) is an entity legally separate from the City.
However, for financial reporting purposes, the HRA is reported as if it were part of the City's
operations because the members of the City Council serve as HRA board members and its activity is
confined to the City. The City established the HRA under State statutes to assist and support housing
and redevelopment projects undertaken within the City which are under the statutory authority of the
HRA. The City reviews and approves tax levies and other financial matters related to the HRA. The
City provides major financing of HRA activities and debt issued in connection with HRA projects are
general obligations of the City. The activity of the HRA is reported in the HRA Debt Service Fund,
the HRA Projects Fund and the HRA Special Revenue Fund. Separate financial statements are not
prepared for the HRA.
B. GOVERNMENT -WIDE AND FUND FINANCIAL STATEMENTS
The government -wide financial statements (i.e. the statement of net position and the statement of
changes in net position) report information on all of the nonfiduciary activities of the primary
government and its component units. For the most part, the effect of interfund activity has been
removed from these statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business -type activities, which rely to a
significant extent, on fees and charges for support.
41
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
The statement of activities demonstrates the degree to which the direct expenses of a given function or
business -type activity is offset by program revenues. Direct expenses are those that are clearly
identifiable with a specific function or business -type activity. Program revenues include 1) charges to
customers or applicants who purchase, use or directly benefit from goods, services or privileges
provided by a given function or business -type activity; and, 2) grants and contributions that are
restricted to meeting the operational or capital requirements of a particular function or business -type
activity. Taxes and other items not included among program revenues are reported instead as general
revenues.
Separate financial statements are provided for governmental funds and proprietary funds. Major
individual governmental funds and major individual enterprise funds are reported as separate columns
in the fund financial statements.
C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING AND FINANCIAL STATEMENT
PRESENTATION
The government -wide financial statements are reported using the economic resources measurement
focus and the accrual basis ofaccounting, as are the proprietary fund financial statements. Revenues
are recorded when earned and expenses are recorded when a liability is incurred, regardless of the
timing of related cash flows. Property taxes are recognized as revenues in the year for which they are
levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements
imposed by the provider have been met. The City's only fiduciary fund is an agency fund. Agency
funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of
operations.
Governmental fund financial statements are reported using the current financial resources
measurementfocus and the modified accrual basis ofaccounting. Revenues are recognized as soon as
they are both measurable and available. Revenues are considered to be available when they are
collectible within the current period or soon enough thereafter to pay liabilities of the current period.
For this purpose, the City considers all revenues, except property taxes and reimbursement grants, to
be available if they are collected within 90 days of the end of the current fiscal period. Property taxes
are considered available if they are collected within 60 days of the end of the current year.
Reimbursement grants are considered available if they are collected within one year of the end of the
current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual
accounting. However, debt service expenditures, as well as expenditures related to compensated
absences and claims and judgments, are recorded only when payment is due.
Property taxes, special assessments, intergovernmental revenues, charges for services and interest
associated with the current fiscal period are all considered to be susceptible to accrual and so have
been recognized as revenues of the current fiscal period. Only the portion of special assessments
receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of
the current period. All other revenue items are considered to be measurable and available only when
cash is received by the City.
42
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
The City reports the following major governmental funds:
The General Fund is the government's primary operating fund. It accounts for all financial
resources of the general government, except those required to be accounted for in another fund.
The Street Improvement Debt Service Fund was established to account for debt associated with a
systematic plan to reconstruct substandard residential streets and alleys. Annual debt service
payments are funded through special assessments and tax levies.
The HRA Debt Service Fund was established to account for debt associated with Tax Increment
Financing Districts of the City.
The Street Improvement Projects Fund was established to account for the construction costs for
annual road reconstruction projects.
The HRA Projects Fund was established to account for the construction and redevelopment costs
within the City.
The 2012 Street Improvement Project Fund accounts for the construction costs associated with the
reconstruction of Belden Drive and Coolidge Street between 34 1h and 36`" Avenues, 35" Avenue
between Belden Drive and Harding Street and miscellaneous sanitary sewer and stormwater
repairs.
The 2013 Street Improvement Project Fund accounts for the construction costs associated with the
reconstruction of Edward Street between 35th and 36th Avenues along with 36th Avenue between
Roosevelt Street and Silver Lake Road.
The 2014 Street Improvement Project Fund accounts for the construction costs associated with the
reconstruction of Penrod Lane between 36t' and 37" Avenues, Chelmsford Road between 36`h and
36" Avenues, Edgmere Avenue between Penrod Lane and Chelmsford Road, and Wenhurst
Avenue between Pernod Lane and Chelmsford Road.
The City reports the following major proprietary funds:
The Liquor Fund is an enterprise fund that is used to account for operations of the City's off -sale
liquor operation.
The Water and Sewer Fund accounts for the water and sewer service charges which are used to
finance the water and sewer system operating expenses, and the operation and maintenance of the
City's water purification plant.
Additionally, the City reports the following fund types:
Internal Service Fund - the Severance Fund accounts for the liability the City has for employee
vacation and severance payments.
Agency Fund - the Developer Deposits Fund accounts for costs incurred by the City for the
review of various land use permits requested by developers and subsequent owners. The City
requires the developer or owner to pay the costs associated with the permitting process. The City
collects an initial deposit and bills any overages as needed.
43
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
As a general rule the effect of interfund activity has been eliminated from the government -wide
financial statements. Exceptions to this general rule are transactions that would be treated as revenues,
expenditures or expenses if they involved external organizations, such as buying goods and services or
payments in lieu of taxes, are similarly treated when they involve other funds of the City. Elimination
of these charges would distort the direct costs and program revenues reported for the various functions
concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for goods,
services or privileges provided, 2) operating grants and contributions, and 3) capital grants and
contributions, including special assessments. Internally dedicated resources are reported as general
revenues rather than as program revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues
of the liquor, water and sewer enterprise funds are charges to customers for sales and services.
Operating expenses for enterprise funds include the cost of sales and services, administrative expenses,
and depreciation on capital assets. All revenues and expenses not meeting this definition are reported
as nonoperating revenues and expenses.
When both restricted and unrestricted resources are available for an allowable use, it is the City's
policy to use restricted resources first, then unrestricted resources as they are needed.
D. BUDGETS
Budgets are legally adopted on a basis consistent with generally accepted accounting principles.
Annual appropriated budgets are legally adopted for the General and all Special Revenue Funds.
Budgeted expenditure appropriations lapse at year end.
Encumbrance accounting, under which purchase orders, contracts and other commitments for the
expenditure of monies are recorded in order to reserve that portion of the appropriation, is not
employed by the City because it is at present not considered necessary to assure effective budgetary
control or to facilitate effective cash management.
E. LEGAL COMPLIANCE - BUDGETS
The City follows these procedures in establishing the budgetary data reflected in the financial
statements:
1) The City Manager submits to the City Council a proposed operating budget for the upcoming year
in August. The operating budget includes proposed revenues and expenditures and the operating
levy associated with operations.
2) The City Council and staff meet to review the proposed budget and Council recommends any
appropriate changes.
3) Public hearings are conducted in April and December to obtain taxpayer comments and
recommendations to the operating budget.
44
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
4) The budget and tax levy is legally enacted through the passage of a resolution on a department
basis for the General Fund and on a fund basis for Special Revenue and Enterprise Funds that can
be expended by each department based upon detailed budget estimates.
5) The City Manager and Finance Director are authorized to transfer appropriations within any
department budget. Interdepartmental or interfund appropriations and deletions are authorized by
the City Council with fund contingency reserves or additional revenues.
6) Formal budgetary integration is employed as a management control device during the year for the
General Fund, Special Revenue, Capital Equipment and Enterprise Funds. The General Fund,
Special Revenue Funds and Enterprise Funds all have Council adopted annual budgets.
7) Legal debt obligation indentures determine the appropriation level of debt service tax levies for
the Debt Service Funds. Supplementary budgets are adopted for the Proprietary Funds to
determine and calculate user charges. These debt service and budget amounts represent general
obligation bond indenture provisions and net income for operation and capital maintenance and
are not reflected in the financial statements.
8) A capital improvement program is reviewed annually by the City Council for the Capital Project
Funds. However, appropriations for major projects are not adopted until the actual bid award of
the improvement. The appropriations are not reflected in the financial statements.
9) The legal level of budgetary control is at the department level for the General Fund and the fund
level for the Special Revenue Funds. Monitoring of budgets is maintained at the expenditure
category level (i.e., personal services; materials and supplies; contractual services; and capital
outlay) within each program. All amounts over budget have been approved by the City Council
through the disbursement process.
10) The City Council may authorize transfer of budgeted amounts between City funds. The City
Council made supplemental budgetary appropriations throughout the year. Individual
amendments were not material in relation to the original appropriations which were adjusted.
45
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
The following is a listing of the General Fund departments and Special Revenue Funds whose
expenditures exceed budget appropriations:
F. CASH AND INVESTMENTS
Cash and investment balances from all funds, except the Liquor Fund, are pooled and invested to the
extent available in authorized investments. Investment income is allocated to individual funds on the
basis of the fund's equity in the cash and investment pool.
The City provides temporary advances to funds that have insufficient cash balances by means of an
advance from another fund shown as interf ind receivables in the advancing fund, and an interfund
payable in the fund with the deficit, until adequate resources are received. These interfund balances
are eliminated on the government -wide financial statements.
Investments are stated at fair value, based upon quoted market prices, except for investments in 2a7 -
like external investment pools, which are stated at amortized cost. Investment income is accrued at the
balance sheet date.
For purposes of the statement of cash flows, the City considers all highly liquid investments with a
maturity of three months or less when purchased to be cash equivalents. All of the cash and
investments allocated to the Proprietary Funds have original maturities of 90 days or less. Therefore,
the entire balance in the Proprietary Funds is considered cash equivalents.
Funds held in trust represent bond proceeds related to the Public Facilities Lease Revenue bond issue
which are being held by a trustee. The trustee is responsible for the investment of these funds.
M
Final
Over
Budget
Actual
Budget
Major Fund:
General Fund
Public relations / cable
$37,144
$42,631
$5,487
General management
87,868
121,749
33,881
Elections
23,504
23,635
131
Finance
228,660
245,127
16,467
Assessing
49,352
49,760
408
Planning and zoning
31,775
64,860
33,085
Police protection
2,925,096
2,993,251
68,155
Fire protection
907,996
940,362
32,366
Protective inspections
94,802
153,903
59,101
DARE program
12,319
12,935
616
Street maintenance
503,027
529,123
26,096
Equipment maintenance
312,299
340,247
27,948
Nondepartmental
40,300
56,117
15,817
Nonmajor Funds:
Special Revenue Funds:
Recycling Fund
22,317
25,359
3,042
Fire Education / Training Fund
4,900
5,872
972
F. CASH AND INVESTMENTS
Cash and investment balances from all funds, except the Liquor Fund, are pooled and invested to the
extent available in authorized investments. Investment income is allocated to individual funds on the
basis of the fund's equity in the cash and investment pool.
The City provides temporary advances to funds that have insufficient cash balances by means of an
advance from another fund shown as interf ind receivables in the advancing fund, and an interfund
payable in the fund with the deficit, until adequate resources are received. These interfund balances
are eliminated on the government -wide financial statements.
Investments are stated at fair value, based upon quoted market prices, except for investments in 2a7 -
like external investment pools, which are stated at amortized cost. Investment income is accrued at the
balance sheet date.
For purposes of the statement of cash flows, the City considers all highly liquid investments with a
maturity of three months or less when purchased to be cash equivalents. All of the cash and
investments allocated to the Proprietary Funds have original maturities of 90 days or less. Therefore,
the entire balance in the Proprietary Funds is considered cash equivalents.
Funds held in trust represent bond proceeds related to the Public Facilities Lease Revenue bond issue
which are being held by a trustee. The trustee is responsible for the investment of these funds.
M
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
G. RECEIVABLES AND PAYABLES
During the course of operations, numerous transactions occur between individual funds for goods
provided or services rendered. Short-term interfund loans are classified as "interfund
receivables/payables." All short-term interfund receivables and payables at December 31, 2013 are
planned to be eliminated in 2014. Long-term interfund loans are classified as "interfund loan
receivable/payable." Any residual balances outstanding between the governmental activities and
business -type activities are reported in the government -wide financial statements as "internal
balances."
Uncollectible property taxes and special assessments are not material and have not been reported (see
Note 1 H and I). Because utility bills are considered liens on property, no estimated uncollectible
amounts are established. Uncollectible amounts are not material for other receivables and have not
been reported.
H. PROPERTY TAX REVENUE RECOGNITION
The City Council annually adopts a tax levy and certifies it to the County in December
(levy/assessment date) of each year for collection in the following year. The County is responsible for
billing and collecting all property taxes for itself, the City, the local School District and other taxing
authorities. Such taxes become a lien on January 1 and are recorded as receivables by the City at that
date. Real property taxes are payable (by property owners) on May 15 and October 15 of each
calendar year. Personal property taxes are payable by taxpayers on February 28 and June 30 of each
year. These taxes are collected by the County and remitted to the City on or before July 7 and
December 2 of the same year. Delinquent collections for November and December are received the
following January. The City has no ability to enforce payment of property taxes by property owners.
The County possesses this authority.
GOVERNMENT -WIDE FINANCIAL STATEMENTS
The City recognizes property tax revenue in the period for which the taxes were levied. Uncollectible
property taxes are not material and have not been reported.
GOVERNMENTAL FUND FINANCIAL STATEMENTS
The City recognizes property tax revenue when it becomes both measurable and available to finance
expenditures of the current period. In practice, current and delinquent taxes and State credits received
by the City in July, December and January are recognized as revenue for the current year. Taxes
collected by the County by December 31 (remitted to the City the following January) and taxes and
credits not received at year end are classified as delinquent and due from County taxes receivable. The
portion of delinquent taxes not collected by the City in January is fully offset by deferred inflow of
resources because they are not available to finance current expenditures.
47
L
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
I. SPECIAL ASSESSMENT REVENUE RECOGNITION
Special assessments are levied against benefited properties for the cost or a portion of the cost of
special assessment improvement projects in accordance with State Statutes. These assessments are
collectible by the City over a term of years usually consistent with the term of the related bond issue.
Collection of annual installments (including interest) is handled by the County Auditor in the same
manner as property taxes. Property owners are allowed to (and often do) prepay future installments
without interest or prepayment penalties.
Once a special assessment roll is adopted, the amount attributed to each parcel is a lien upon that
property until full payment is made or the amount is determined to be excessive by the City Council or
court action. If special assessments are allowed to go delinquent, the property is subject to tax forfeit
sale. Proceeds of sales from tax forfeit properties are allocated first to the County's costs of
administering all tax forfeit properties. Pursuant to State Statutes, a property shall be subject to a tax
forfeit sale after three years unless it is homesteaded, agricultural or seasonal recreational land in
which event the property is subject to such sale after five years.
GOVERNMENT -WIDE FINANCIAL STATEMENTS
The City recognizes special assessment revenue in the period that the assessment roll was adopted by
the City Council. Uncollectible special assessments are not material and have not been reported.
GOVERNMENTAL FUND FINANCIAL STATEMENTS
Revenue from special assessments is recognized by the City when it becomes measurable and
available to finance expenditures of the current fiscal period. In practice, current and delinquent
special assessments received by the City are recognized as revenue for the current year. Special
assessments that are collected by the County by December 31 (remitted to the City the following
January) are also recognized as revenue for the current year. All remaining delinquent, deferred and
special deferred assessments receivable in governmental funds are completely offset by deferred
inflow of resources.
J. INVENTORIES
GOVERNMENTALFUNDS
Inventories are valued at cost using the first-in/first-out (FIFO) method. The cost of such inventories
are recorded as expenditures when consumed rather than when purchased.
PROPRIETARY FUNDS
Inventories of the Proprietary Funds are stated at weighted average cost, which approximates market,
using the first -in, first -out (FIFO) method.
K. PREPAID ITEMS
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as
prepaid items in both government -wide and fund financial statements. Prepaid items are reported
using the consumption method and recorded as expenditures/expenses at the time of consumption.
48
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
L. CAPITAL ASSETS
Capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, bridges,
sidewalks, and similar items) and intangible assets such as easements and computer software, are
reported in the applicable governmental or business -type activities columns in the government -wide
financial statements. Capital assets are defined by the City as assets with an initial, individual cost of
more than $5,000 (amount not rounded) and an estimated useful life in excess of one year. Such assets
are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital
assets are recorded at estimated fair market value at the date of donation.
Pursuant to GASB Statement 34, in the case of the initial capitalization of general infrastructure assets
(i.e. those reported by governmental activities), the City chose to capitalize retroactively to 1980.
These assets are reported at estimated historical cost. The City estimated historical cost for the initial
reporting of these assets through analysis of original bonding documents. As the City constructs or
acquires additional infrastructure assets each period, they will be capitalized and reported at historical
cost.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially
extend assets lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest
incurred during the construction phase of capital assets of business -type activities is included as part of
the capitalized value of the assets constructed. For the year ended December 31, 2013, no interest was
capitalized in connection with construction in progress.
The City implemented GASB Statement No. 51, Accounting and Financial Reportingfor Intangible
Assets effective January 1, 2010 which required the City to capitalize and amortize intangible assets.
Pursuant to GASB Statement 51, in the case of initial capitalization of intangible assets, the City chose
to include such items regardless of their acquisition date, except for permanent easements and
internally generated software. The City has already accounted for computer software and temporary
easements at historical cost and therefore retroactive reporting was not necessary.
Property, plant and equipment of the primary government, as well as the component units, are
depreciated/amortized using the straight-line method over the following estimated useful lives:
Assets
Buildings and structures
5 — 40 years
Furniture, fixtures and equipment (including software)
3 — 20 years
Distribution and collection systems
20 — 50 years
Streets
20 — 50 years
Storm sewers
25 years
49
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
M. COMPENSATED ABSENCES
It is the City's policy to permit employees to accumulate earned but unused personal leave benefits. All
personal leave pay is accrued when incurred in the government -wide and proprietary fund financial
statements. A liability for these amounts associated with governmental fund employees is reported in
the Internal Service Severance Fund. In accordance with the provisions of Statement of Government
Accounting Standards No. 16, Accounting for Compensated Absences, no liability is recorded for
nonvesting accumulating rights to receive personal leave benefits. However, a liability is recognized
for that portion of accumulating personal leave benefits that is vested as severance pay.
N. LONG-TERM OBLIGATIONS
In the government -wide financial statements and proprietary funds in the fund financial statements,
long-term debt and other long-term obligations are reported as liabilities in the applicable
governmental activities, business -type activities, or proprietary funds statement of net position. Bond
premiums and discounts are deferred and amortized over the life of the bonds. Bonds payable are
reported net of the applicable bond premium discount.
In the governmental fund financial statements, governmental funds recognize bond premiums and
discounts during the current period. The face amount of debt issued is reported as other financing
sources. Premiums received on debt issuances are reported as other financing sources while discounts
on debt issuances are reported as other financing uses.
O. FUND BALANCE CLASSIFICATIONS
In the fund financial statements, governmental funds report fund balance in classifications that disclose
constraints for which amounts in those funds can be spent. These classifications are as follows:
Nonspendable - consists of amounts that are not in spendable form, such as prepaid items
Restricted - consists of amounts related to externally imposed constraints established by creditors,
grantors or contributors; or constraints imposed by state statutory provisions.
Committed - consists of internally imposed constraints. These constraints are established by
resolution of the City Council.
Assigned - consists of internally imposed constraints. These constraints reflect the specific
purpose for which it is the City's intended use. These constraints are established by the City
Council and/or management. Pursuant to City Council policy, the City's Finance Director and/or
City Manager are authorized to establish assignments of fund balance.
Unassigned - is the residual classification for the general fund and also reflects negative residual
amounts in other funds.
When both restricted and unrestricted resources are available for use, it is the City's policy to fust use
restricted resources, and then use unrestricted resources as they are needed.
50
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
When committed, assigned or unassigned resources are available for use, it is the City's policy to use
resources in the following order; 1) committed 2) assigned and 3) unassigned.
P. INTERFUND TRANSACTIONS
Interf ind services provided and used are accounted for as revenues, expenditures or expenses.
Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it
that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing
fund and as reductions of expenditures/expenses in the fund that is reimbursed. Interfund loans are
reported as an interfund loan receivable or payable which offsets the movement of cash between
funds. All other interfund transactions are reported as transfers.
Q. USE OF ESTIMATES
The preparation of financial statements in accordance with generally accepted accounting principles
(GAAP) requires management to make estimates that affect amounts reported in the financial
statements during the reporting period. Actual results could differ from such estimates.
R. RECLASSIFICATIONS
Certain amounts presented in the prior year data has been reclassified in order to be consistent with the
current year's presentation.
S. COMPARATIVE TOTALS
The basic financial statements, required supplementary information, combining and individual fund
financial statements and schedules and supplementary financial information include certain prior -year
summarized comparative information in total but not at the level of detail required for presentation in
conformity with generally accepted accounting principles. Accordingly, such information should be
read in conjunction with the City's financial statements for the year ended December 31, 2012, from
which the summarized information was derived.
T. DEFERRED OUTFLOWSANFLOWS OF RESOURCES
In addition to assets, the statement of financial position will sometimes report a separate section for
deferred outflows of resources. This separate financial statement element, deferred ouij7ows of
resources, represents a consumption of net position that applies to a future period(s) and so will not be
recognized as an outflow of resources (expense/expenditure) until then. The government has no items
that qualify for reporting in this category.
51
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
In addition to liabilities, the statement of financial position will sometimes report a separate section for
deferred inflows of resources. This separate financial statement element, deferred inflows of
resources, represents an acquisition of net position that applies to a future period(s) and so will not be
recognized as an inflow of resources (revenue) until that time. The government has one type of item,
which arises only under a modified accrual basis of accounting, that qualifies for reporting in this
category. Accordingly, the item, unavailable revenue, is reported only in the governmental fund
balance sheet. The governmental funds report unavailable revenues from the following sources:
property taxes, special assessments, and tax increment.
U. RECONCILIATION OF GOVERNMENT -WIDE AND FUND FINANCIAL STATEMENTS
1. EXPLANATION OF CERTAIN DIFFERENCES BETWEEN THE GOVERNMENTAL FUND
BALANCE SHEET AND THE GOVERNMENT -WIDE STATEMENT OF NET POSITION
The governmental fund balance sheet includes a reconciliation between fund balance — total
governmental funds and net position —governmental activities as reported in the government -wide
statement of net position. One element of that reconciliation explains that "long-term liabilities,
including bonds payable, are not due and payable in the current period and therefore are not
reported in the funds". The details of this ($34,312,398) difference is as follows:
Bonds payable
($33,120,000)
Accrued interest payable
(461,460)
Unamortized bond discounts
2,297
Unamortized bond premium
(378,096)
Other post -employment benefits
(355,139)
Net adjustment to reduce fund balance - total
governmental funds to arrive at net position -
governmental activities.
($34,312,398)
52
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
2. EXPLANATION OF CERTAIN DIFFERENCES BETWEEN THE GOVERNMENTAL FUND
STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES
AND THE GOVERNMENT -WIDE STATEMENT OF ACTIVITIES
The governmental fund statement of revenues, expenditures and changes in fund balances
includes a reconciliation between net changes in fund balances — total governmental funds and
changes in net position ofgovernmental activities as reported in the government -wide statement
of activities. One element of that reconciliation explains that "governmental funds report capital
outlays as expenditures. However, in the statement of activities the cost of those assets is
allocated over their estimated useful lives and reported as depreciation expense." The details of
this $45,991 difference is as follows:
Capital outlay
$284,392
Construction/acquisition costs
1,618,986
Current expenditures capitalized
13,390
Capital outlay not capitalized
(20,924)
Depreciation expense
(1,849,853)
Net adjustment to increase net changes in fund
balances - total governmental funds to arrive at
changes in net position of governmental activities. $45,991
Another element of that reconciliation states that "the net effect of various miscellaneous
transactions involving capital assets (i.e. sales, trade-ins, and donations) is to decrease net
position." The details of this ($58,447) difference are as follows:
The statement of activities reports losses arising
from the trade-in or disposal of existing capital
assets to acquire new capital assets. Conversely,
governmental funds do not report any gain or loss
on a trade-in of capital assets.
Net adjustment to decrease net changes in fund
balances - total governmental funds to arrive at
changes in net position of governmental activities.
53
($58,447)
($58,447)
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Another element of that reconciliation states that "revenues in the statement of activities that do
not provide current financial resources are not reported as revenues in the funds". The details of
this $50,767 difference is as follows:
Unavailable revenue - general property taxes:
At December 31, 2012 ($70,747)
At December 31, 2013 117,036
Unavailable revenue - tax increment taxes:
At December 31, 2012 (32,667)
At December 31, 2013 40,539
Unavailable revenue - special assessments:
At December 31, 2012 (1,762,072)
At December 31, 2013 1,758,678
Net adjustments to decrease net changes in fund
balances - total governmental funds to arrive at
changes in net position of governmental activities. $50,767
Another element of that reconciliation states that "the issuance of long-term debt (e.g. bonds,
leases) provides current financial resources to governmental funds, while the repayment of
principal of the long-term debt consumes the current financial resources of governmental funds".
Neither transaction, however, has any effect on net position. The details of this $2,354,911
difference is as follows:
Debt issued or incurred:
Issuance of general obligation bonds
($1,775,000)
Premium on issued bonds
(42,080)
Principal repayments
4,245,000
Other post employment benefits
(73,009)
Net adjustment to increase net changes in fund
balances - total governmental funds to arrive at
changes in net position of governmental activities.
$2,354,911
Another element of that reconciliation states that "some expenses reported in the statement of
activities do not require the use of current financial resources and, therefore, are not reported as
expenditures in governmental funds". The details of this $90,698 difference is as follows:
Amortization of premiums, discounts 57,752
Accrued interest 32,946
Net adjustment to increase net changes in fund
balances - total governmental funds to arrive at
changes in net position of governmental activities. $90,698
54
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 2 DEPOSITS AND INVESTMENTS
A. DEPOSITS
In accordance with Minnesota Statutes, the City maintains deposits at those depository banks
authorized by the City Council, all of which are members of the Federal Reserve System.
Minnesota Statutes require that all City deposits be protected by insurance, surety bond, or collateral.
The market value of collateral pledged must equal 110% of the deposits not covered by insurance or
bonds.
Minnesota Statutes require that securities pledged as collateral be held in safekeeping by the City
Treasurer or in a financial institution other than that furnishing the collateral. Authorized collateral
includes the following:
a) United States government treasury bills, treasury note and treasury bonds;
b) Issues of United States government agencies and instrumentalities as quoted by a recognized
industry quotation service available to the government entity;
c) General obligation securities of any state or local government with taxing powers which is rated
"A" or better by a national bond rating service, or revenue obligation securities of any state or
local government with taxing powers which is rated "AA" or better by a national bond rating
service;
d) General obligation securities of a local government with taxing powers may be pledged as
collateral against funds deposited by that same local government entity:
e) Irrevocable standby letters of credit issued by Federal Home Loan Banks to a municipality
accompanied by written evidence that the bank's public debt is rated "AA" or better by Moody's
Investors Service, Inc. or Standard & Poor's Corporation; and
f) Time deposits that are fully insured by any Federal agency.
Custodial Credit Risk — Deposits: Custodial credit risk is the risk that in the event of a bank failure,
the City's deposits may not be returned to it. State statutes require that insurance, surety bonds or
collateral protect all City deposits. The market value of collateral pledged must equal 110% of
deposits not covered by insurance or bonds. As of December 31, 2013, the bank balance of the City's
deposits was covered by federal depository insurance.
B. INVESTMENTS
Minnesota Statutes authorize the City to invest in the following:
a) Direct obligations or obligations guaranteed by the United States or its agencies, its
instrumentalities or organizations created by an act of congress, excluding mortgage-backed
securities defined as high risk.
55
L-
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
b) Shares of investment companies registered under the Federal Investment Company Act of 1940
and whose only investments are in securities described in (a) above, general obligation tax-exempt
securities, or repurchase or reverse repurchase agreements.
c) State and local securities as follows:
1) any security which is a general obligation of any state or local government with taxing
powers which is rated "A" or better by a national bond rating service;
2) any security which is a revenue obligation of any state or local government with taxing
powers which is rated "AA" or better by a national bond rating service; and
3) a general obligation of the Minnesota Housing Finance Agency which is a moral obligation of
the State of Minnesota and is rated "A" or better by a national bond rating agency.
d) Bankers acceptances of United States banks.
e) Commercial paper issued by United States corporations or their Canadian subsidiaries, of the
highest quality, and maturing in 270 days or less.
f) Repurchase or reverse repurchase agreements with banks that are members of the Federal Reserve
System with capitalization exceeding $10,000,000; a primary reporting dealer in U.S. government
securities to the Federal Reserve Bank of New York; certain Minnesota securities broker-dealers;
or, a bank qualified as a depositor.
56
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
g) General obligation temporary bonds of the same governmental entity issued under section
429.091, subdivision 7; 469.178, subdivision 5; or 475.61, subdivision 6.
As of December 31, 2013, the City had the following investments and maturities:
NR - Not Rated
Total investments $15,250,488
Petty cash 5,200
Tom) cash and investments $15,255,688
Following is a reconciliation of the City's cash and investment balances as of December 31, 2013:
Cash and investments $13,870,626
Cash and investments - fiduciary fund ($7,234)
Funds held in trust 1,392,296
$15,255,688
C. INVESTMENT RISKS
Custodial credit risk — investments — For investments in securities, custodial credit risk is the risk that
in the event of failure of the counterparty to a transaction, the City will not be able to recover the value
of its investment securities that are in the possession of an outside party. Investments in investment
pools and money markets are not evidenced by securities that exist in physical or book entry form, and
therefore are not subject to custodial credit risk disclosures. The City's investment policy does not
address custodial risk. However, investments in securities are held by the City's broker-dealers of
which $500,000 is insured through SIPC. The broker-dealer has provided additional protection by
providing additional insurance. This insurance is subject to aggregate limits applied to all of the
broker-dealers' accounts.
Interest rate risk — Interest rate risk is the risk that changes in interest rates of debt investments could
adversely affect the fair value of an investment. The City's investment policy requires the City to
diversify its investment portfolio to eliminate the risk of loss resulting from over concentration of
assets in a specific maturity. The policy also states the City's investment portfolio will remain
sufficiently liquid to enable the City to meet all operating requirements which might be reasonably
anticipated.
57
L_
Investment Maturities (in Years)
Fair
Less
Over
Investment Type
Rating
Value
Than 1
1-5
6-10
10 Years
Federal Home Loan Mortgage Corp.
AAA
$1,177,274
$1,177,274
$ -
$ -
$ -
REMIC
NR
158,190
-
-
843
157,347
Money market
NR
2,518,142
2,518,142
-
-
-
External investment pool - 4M Fund
NR
5,676,540
5,676,540
-
-
Local governments
AA -AAA
690,659
-
410,351
280,308
-
Brokeredcertificatesofdeposit
NR
3,637,387
404,351
2,122,411
1,110,625
-
US Treasury State and Local Government (SLGS)
NR
1,392,296
1,392,296
-
-
Total
$15,250,488
$11,168,603
$2,532,762
$1,391776
$157,347
NR - Not Rated
Total investments $15,250,488
Petty cash 5,200
Tom) cash and investments $15,255,688
Following is a reconciliation of the City's cash and investment balances as of December 31, 2013:
Cash and investments $13,870,626
Cash and investments - fiduciary fund ($7,234)
Funds held in trust 1,392,296
$15,255,688
C. INVESTMENT RISKS
Custodial credit risk — investments — For investments in securities, custodial credit risk is the risk that
in the event of failure of the counterparty to a transaction, the City will not be able to recover the value
of its investment securities that are in the possession of an outside party. Investments in investment
pools and money markets are not evidenced by securities that exist in physical or book entry form, and
therefore are not subject to custodial credit risk disclosures. The City's investment policy does not
address custodial risk. However, investments in securities are held by the City's broker-dealers of
which $500,000 is insured through SIPC. The broker-dealer has provided additional protection by
providing additional insurance. This insurance is subject to aggregate limits applied to all of the
broker-dealers' accounts.
Interest rate risk — Interest rate risk is the risk that changes in interest rates of debt investments could
adversely affect the fair value of an investment. The City's investment policy requires the City to
diversify its investment portfolio to eliminate the risk of loss resulting from over concentration of
assets in a specific maturity. The policy also states the City's investment portfolio will remain
sufficiently liquid to enable the City to meet all operating requirements which might be reasonably
anticipated.
57
L_
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Credit Risk — Credit risk is the risk that an issuer or other counterparty to an investment will be unable
to fulfill its obligation to the holder of the investment. State law limits investments in commercial
paper to those rated in the highest quality category by at least two nationally recognized rating
agencies; in any security of the State of Minnesota or any of its municipalities which is rated "A" or
better by a national bond rating service for general obligation and rated "AA" or better for a revenue
obligation; a general obligation of the Minnesota Housing Finance Agency to those rated "A" or better
by a national bond rating agency; mutual funds or money market funds whose investments are
restricted to securities described in MS I I8A.04. The City's investment policy does not place further
restrictions on investment options.
Concentration of credit risk — Concentration of credit risk is the risk of loss that may be attributed to
the magnitude of a government's investment in a single issuer. The City places no limit on the amount
the City may invest in any one issuer. More than 5% of the City's investments are in various holdings
as follows:
Federal Home Loan Bank 7.72%
Note 3 RECEIVABLES
Significant receivables balances not expected to be collected within one year of December 31, 2013 are as
follows:
Major Funds
58
Street
Improvement
HRA
HRA
Nonmajor
General Debt Service
Debt Service
Projects
Funds
Total
Special assessments receivable
$ - $666,000
$ -
$ -
$911,000
$1,577,000
Delinquent property taxes
31,900 7,900
3,700
-
9,600
53,100
Delinquent Tax Increment
- -
-
35,000
-
35,000
$31,900 $673,900
$3,700
$35,000
$920,600
$1,665,100
58
r
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 4 UNAVAILABLE REVENUES
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are
not considered to be available to liquidate liabilities of the current period. At the end of the current fiscal year,
the various components of unavailable revenue reported in the governmental funds were as follows:
Property Special
Taxes Assessments TIF Total
Major Fund:
General Fund $70,294 $31 $ - $70,325
Street Improvement Debt Service 17,497 767,315 - 784,812
HRA Debt Service 8,049 - - 8,049
HRA Projects Fund - 40,539 40,539
Nonmajor Funds 21,196 991,332 1,012,528
Total unavailale revenue $117,036 $1,758,678 $40,539 $1,916,253
59
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 5 CAPITAL ASSETS
Capital asset activity for the year ended December 31, 2013 was as follows:
Less accumulated depreciation/amortization for
Buildings and improvements
Beginning
295,588
- -
3,455,885
Ending
Primary Government
Balance
Increases
Decreases
Transfers
Balance
Governmental activities:
(122,126) -
2,412,971
Streets
7,987,235
1,171,124
Capital assets, not being depreciated:
9,158,359
Storm sewers
70,438
17,139
- -
Land
$3,378,842
$ -
$ -
$368,342
$3,747,184
Construction in progress
4,226,741
1,618,986
(2,780,815)
(1,348,238)
1,716,674
Total capital assets, not being depreciated
7,605,583
1,618,986
(2,780,815)
(979,896)
5,463,858
Capital assets, being depreciated:
($2,839,262)($1,348,238)
$37,875,456
Buildings and improvements
9,836,936
-
-
-
9,836,936
Land improvement
874,059
-
-
(368,342)
505,717
Furniture, fixtures and equipment (including
software)
3,528,235
297,782
(180,573)
-
3,645,444
Streets
29,257,164
2,184,378
-
-
31,441,542
Storm sewers
428,469
-
-
-
428,469
Storm water
1,488,329
575,513
2,063,842
Total capital assets, being depreciated
45,413,192
3,057,673
(180,573)
(368,342)
47,921,950
Less accumulated depreciation/amortization for
Buildings and improvements
3,160,297
295,588
- -
3,455,885
Land improvement
107,342
43,925
- -
151,267
Furniture, fixtures and equipment
2,273,719
261,378
(122,126) -
2,412,971
Streets
7,987,235
1,171,124
- -
9,158,359
Storm sewers
70,438
17,139
- -
87,577
Storm water
183,594
60,699
-
244,293
Total accumulated depreciation/amortization
13,782,625
1,849,853
(122,126) 0
15,510,352
Total capital assets being depreciated - net
31,630,567
1,207,820
(58,447) (368,342)
32,411,598
Governmental activities capital assets - net
$39,236,150
$2,826,806
($2,839,262)($1,348,238)
$37,875,456
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Primary Government
Business -type activities:
Capital assets, not being depreciated:
Land
Capital assets, being depreciated:
Buildings and structures
Furniture, fixtures and equipment
Software and intangibles
Distribution and collection system
Total capital assets, being depreciated
Less accumulated depreciation for:
Buildings and structures
Furniture, fixtures and equipment
Software and intangibles
Distribution and collection system
Total accumulated depreciation
Total capital assets being depreciated - net
Business -type activities capital assets - net
Beginning Ending
Balance Increases Decrease Transfers Balance
$5,653 $ - $ $ - $5,653
3,883,283 -
- - 3,883,283
1,441,075 -
- - 1,441,075
26,022 -
- - 26,022
6,797,401 -
1,348,238 8,145,639
12,147,781 0
0 1,348,238 13,496,019
1,775,910
97,203 -
- 1,873,113
676,177
56,463 -
- 732,640
10,843
5,204 -
- 16,047
3,622,121
166,450
3,788,571
6,085,051
325,320 0
0 6,410,371
6,062,730
(325,320)
0
1,348,238
7,085,648
$6,068,383($325,320)
$0
$1,348,238
$7,091,301
Depreciation/amortization expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government
Public safety
Public works, including depreciation of general infrastructure assets
Parks and recreation
Total depreciation/amortization expense - governmental activities
Business -type activities:
Liquor
Water
Sewer
Total depreciation/amortization expense - business -type activities
Total depreciation expense
61
$106,555
194,748
1,400,122
148,428
1,849,853
81,695
161,939
81,686
325,320
$2,175,173
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
CONSTRUCTION COMMITMENTS
At December 31, 2013, the City had construction project contracts in progress. The commitments related
to the remaining contract balances are summarized as follows:
Contract
Remaining
Project Amount
Commitment
2013 Street Improvements $1,318,388
$203,109
Silver Lake SW Treatment 432,364
432,364
$635,473
Note 6 LONG-TERM DEBT
The City issues general obligation bonds to finance its street improvement program, tax increment projects and
other City purposes. General obligation bonds are direct obligations of the City and are supported by the full
faith and credit of the City. The City has several types of general obligation bonds outstanding at December 31,
2013. Following is a brief description of the different bond types:
• Improvement bonds are issued to finance street improvement projects. These bonds are payable
primarily from special assessments levied on benefited properties. The costs of these projects are
shared by the City; general property taxes levied provide the revenues for these costs.
• Tax increment bonds were used to finance redevelopment projects and are payable primarily from
incremental property taxes derived from the tax increment districts with any deficiency to be provided
from general property taxes.
• Storm sewer revenue bonds used to finance storm water improvement projects are payable primarily
from service charges to residents.
• State aid street bonds were utilized for a street improvement project and will be paid from future state
aids received annually.
• Tax abatement bonds were issued to finance a portion of the park improvement project and are payable
from a special general property tax levy.
• Certificates of indebtedness issued to finance various equipment acquisitions are payable from a
special general property tax levy.
REVENUE BONDS
The City has issued revenue bonds to finance business -type activities. These bonds are Liquor Revenue
and Utility Revenue Bonds which are payable from operations of these two Enterprise Funds, respectively.
The liability for these bonds is recorded in the Proprietary Funds.
62
r
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
GOVERNMENTAL ACTIVITIES
As of December 31, 2013, the long-term debt of the financial reporting entity consisted of the following:
Final
Interest
Issue
Maturity
Original
Payable
Rates
Date
Date
Issue
12/31/13
G.O. Improvement Bonds:
G.O. Improvement Bonds, Series 2007A
3.50-4.10%
4242007
2/12014
2,050,000
1,500,000
G.O. Improvement Bonds, Series 2009A
3.004.00%
5/72009
2/12025
2,630,000
2,205,000
G.O. Improvement Refunding Bonds, Series 2009B
2.50-3.00%
12/162009
2/12018
1,335,000
820,000
G.O. Improvement Bonds, Series 2010A
2.25-3.625%
5/202010
2/12026
1,375,000
1,225,000
G.O. Improvement Bonds, Series 2011A
3.00-4.00%
4/122011
2/12027
2,955,000
2,620,000
G.O. Improvement Refunding Bonds, Series 20116
0.40-2.00%
12292011
2/12021
2,210,000
1,960,000
G.O. Improvement Bonds, Series 2013B
0.45-2.625%
423/2013
2/1/2029
1,775,000
1,775,000
Total improvement bonds
14,330,000
12,105,000
G.O. Street Reconstruction Bonds:
G.O. Street Reconstruction Bonds, Series 2008A
3.00-4.00%
6/52008
2/12024
1,910,000
1,500,000
Tax Increment Revenue Bonds:
Tax Increment Revenue Bonds, Series 2006B
5.00-5.62%
8/12006
8/12031
4,975,000
4,380,000
Tax Increment Revenue Bonds, Series 2007
4.30-5.00%
4/172007
2/12031
4,640,000
4,165,000
Total tax increment revenue bonds
9.615,000
8,545,000
" G.O. Revenue Bonds:
G.O. Storm Sewer Refunding Revenue Bonds, Series 2009A
3.00-4.00%
5/72009
2/12015
825,000
295,000
G.O. Tax Abatement Bonds:
G.O. Tax Abatement Bonds, Series 2009A
3.00-4-00%
5/72009
2/12025
1,335,000
1,190,000
G.O. Tax Abatement Refunding Bonds, Series 2009E
2.50-3.00%
12/10/2009
2/12016
310,000
165,000
Total tax abatement bonds
1,645,000
1,355,000
G.O. State Aid Bonds
G. O. State Aid Street Refunding Bonds, Series 2009A
3.00-4.00%
5/72009
2/12015
385,000
120,000
G.O. Bonds:
G.O. Refunding Bonds, Series 2012A
2.00-2.75%
4252012
2/12028
9,495,000
9,200,000
Issuance premiums (discounts)
N/A
375,799
Total- bonded indebtedness
38,205,000
33,495,799
Compensated absences payable
-
650,208
Total City indebtedness- govemmental activities
$38,205,000 $34,146,007
L
L
63
11
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31. 2013
BUSINESS -TYPE ACTIVITIES
Revenue Bonds:
G.O. Water and Sewer Revenue Refunding Bonds, Series 2013A
Issuance premiums (discounts)
Total- bonded indebtedness
Compensated absences
Total City indebtedness - business -type activities
Total City indebtedness
Final
$2,390,000
$301,813 $145,000
Interest Maturity
Original
Payable
Rates Date Date
Issue
12/31/13
2.00-4.45% 4/162003 2/1/2024
$1,440,000
$1,440,000
224,316 -
N/A
45,456
2017
1,440,000
1,485,456
- 800,000
140,190
43,548
995,000
1,440,000
1,629,004
124,040
$39,645,000
$35,775,011
Annual debt service requirements to maturity for long-term debt are as follows:
Year Ending G.O. Improvement Bonds
December 31 Principal Interest
Interest
2014
$2,390,000
$301,813 $145,000
$6,675 $660,000
$185,190
2015
1,020,000
245,299 150,000
2,250 750,000
171,090
2016
1,035,000
224,316 -
- 770,000
155,890
2017
1,050,000
201,920 -
- 800,000
140,190
2018
995,000
178,854 -
- 815,000
124,040
2019
915,000
156,148 -
- 835,000
107,540
2020
790,000
135,110 -
- 860,000
90,590
2021
665,000
116,191 -
- 885,000
73,140
2022
550,000
98336 -
- 915,000
54,911
2023
570,000
80,357 -
- 705,000
37,778
2024
590,000
60,969 -
- 550,000
23,698
2025
605,000
40,386 -
- 160,000
15,333
2026
390,000
23,135 -
- 160,000
11,252
2027
285,000
11,534 -
- 165,000
6,944
2028
125,000
5,053 -
- 170,000
2,337
2029
130,000
1,706 -
-
Total
$12,105,000
$1,881,127 $295,000
$8,925 $9,200,000
$1,199,923
64
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Governmental Activities
Tax Increment All Other General
Year Ending Revenue Bonds Obligation Bonds
December 31 Principal Interest Principal Interest
2014
$245,000
$443,743
$300,000
$103,164
2015
260,000
431,549
310,000
93,726
2016
280,000
418,368
260,000
84,564
2017
300,000
403,790
215,000
76,351
2018
330,000
387,949
220,000
68,551
2019
350,000
370,568
230,000
60,381
2020
385,000
351,903
240,000
51,661
2021
405,000
331,684
250,000
42,371
2022
440,000
310,039
265,000
32,419
2023
470,000
286,157
275,000
21,828
2024
500,000
260,437
285,000
10,700
2025
535,000
233,125
125,000
2,500
2026
575,000
203,938
-
-
2027
615,000
172,453
-
-
2028
655,000
138,828
-
-
2029
700,000
103,079
-
-
2030
745,000
64,906
-
-
2031
755,000
19,547
-
-
Total
$8,545,000
$4,932,060
$2,975,000
$648,216
Business -Type Activities
Year Ending Revenue Bonds
December 31 Principal Interest
2014
$110,000
$27,700
2015
115,000
25,450
2016
115,000
23,150
2017
125,000
20,750
2018
130,000
18,200
2019
130,000
15,600
2020
135,000
12,950
2021
140,000
10,200
2022
140,000
7,400
2023
145,000
4,550
2024
155,000
1,550
$1,440,000
$167,500
It is not practicable to determine the specific year for payment of long-term accrued compensated absences.
65
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
CHANGE IN LONG-TERM LIABILITIES
Long-term liability activity for the year ended December 31, 2013, was as follows:
Governmental activities:
Bonds payable:
G.O. improvement debt
G.O. refunding bonds
G.O. street reconstruction bonds
G.O. tax increment bonds
G.O. revenue bonds
G.O. state aid street bonds
G.O. tax abatement bonds
Tax increment revenue bonds
Total bonds payable - governmental activities
Issuance premiums (discounts)
Total bonded indebtedness
Compensated absences
Total governmental activities
long-term liabilities
Business -type activities:
Revenue bonds
Total bonds payable - business -type activities
Issuance premiums (discounts)
Total bonded indebtedness
Compensated absences
Total business -type activities
long-term liabilities
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
$13,435,000 $1,775,000 ($3,105,000) $12,105,000 $2,390,000
9,495,000 - (295,000) 9,200,000 660,000
1,605,000 - (105,000) 1,500,000 110,000
190,000 - (190,000) - -
430,000 - (135,000) 295,000 145,000
185,000 - (65,000) 120,000 60,000
1,480,000 - (125,000) 1,355,000 130,000
8,770,000 - (225,000) 8,545,000 245,000
35,590,000 1,775,000 (4,245,000) 33,120,000 3,740,000
391,471 42,080 (57,752) 375,799 41,048
35,981,471 1,817,080 (4,302,752) 33,495,799 3,781,048
649,849 346,250 (345,891) 650,208 197,087
$36,631,320 $2,163,330 ($4,648,643) $34,146,007 $3,978,135
$1,545,000 $1,440,000 ($1,545,000) $1,440,000 $110,000
1,545,000 1,440,000 (1,545,000) 1,440,000 110,000
- 49,964 (4,508) 45,456 4,508
1,545,000 1,489,964 (1,549,508) 1,485,456 114,508
133,308 91,624 (81,384) 143,548 43,533
$1,678,308 $1,581,588 ($1,630,892) $1,629,004 $158,041
For the governmental activities, compensated absences are generally liquidated by the Internal Service
Severance Fund and loans payable are generally liquidated by the Street Improvement Projects Fund.
All long-term bonded indebtedness outstanding at December 31, 2013 is backed by the full faith and credit
of the City, including improvement and revenue bond issues, except for the Tax Increment Bonds of 2006B
and 2007. Delinquent assessments receivable at December 31, 2013 totaled $8,126.
M
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
PLEDGED REVENUE
Future revenue pledged for the payment of long-term debt is as follows:
BOM6rve
Ne of
PmecMs
Revenue Pledged
Remaining
Plincryal
all III..
Cum
(Year
T
Pelanlof
To1N
DMI Smice
Ocblxrvre
sa%af
Net R,,voso
Tenn of
PI
Principal
antl Mend
Paid
MWPd
R.—
Raeived
2009A Street Aid Slmv Refunding
Refunding of 2001113 Sale Aid
S1reeMmds
MSA aIMmenls
IW%
WA
2009-2015
$123,600
569,575
$63,600
200A Tax Abaemenl
Emerald Park impra'...11
Tax abNemeas mseave
100%
WA
2M9-2025
$145,167
SI17.326
$98,704
20098 Tax Abalemera RMuMing
ReNMin8 of 2001A Tax
Abalcmenl Bonds
Taubolemeal rercnue
IOW/
N/A
2009-2016
SI71,188
Omit)
876,966
20WA Read lmpmvemeNs
$1. No iteral serer
impmuxmems of 2006
Special asscsmenls
40%
N/A
218,62022
$ -
52.162400
S27,0011
2001A Road lmpeavenimu
BI¢n and Nam.,
Special assessmeals
25%
N/A
2077-2023
$1,529.010
51801180
528.456
20NA Read lmpsevemWs
Roo Nad¢mmlmnun
Spedol acxxs.,
21%
WA
200M025
$2,726,441
$223,343
SI?864
20LOA Road LopmvemeNs
2010 matl emmanion
Spenal assessments
9%
WA
2010,2026
S00309
5112,836
$5,208
2011A Read lmpms2meals
2011 rmd eonswc(wn
Special eaxessmen6
25%
WA
2011-2027
S2j32,3I3
8169,325
542,053
2012A Read lmpmvemems
20125x-2 eonslaelion
Special assesoneas
25%
N/A
2012-2028
82.606.134
$62083
541,386
20130 Road Mposvescros
2013 and wmwclion
Special asseaaneas
25%
N/A
2013-W29
$2,090,243
$ -
$167.998
20098 Road lmpmvemms
Refunding
Refllnding of 2001B all 2002A
Road lso' men! Be.,
Speial assasmcnls
]%
N/A
20092018
S1,192,78I
S199.663
519,298
200M Street Recanslrvclen
Bolls
Silver lake Road
impmvemeas
Tax k+y
98%
N/A
2WK-2024
$1,853,263
$165581
W.W,]
2009A Storm S—
Refundings ItNemle
RCNntlin, o172000A Sane
Seo'cr Rceme
Udlit, cbrget
iW%
N/A
2W9-2015
S303.925
$145,815
$152,750
2003E Tff
Refunding of 1996 T6 bolls,
retleeeWpmeN of Super Vale
TF
100%
WA
2003-2013
$ -
$194,750
S
2006B TIF
RNcveidnanl IWINeel
Neo W3 aN TIF 3-5
TIF
100%
N/A
2006-2031
$7028,359
5361,425
5283,180
2007Tff
RNcvdopmeat
TT
100%
N/A
2007-2031
S6149,'MI
$318.655
$1.1148211
200380 O. Wsexidswtt
Rx'enue
Water uN seer Nitily
impm"Ons.,
Clurges for ttn'ias
100%
N/A
2003-2024
S -
$1.572,218
$ -
2013A G.O. WNer/Sewer Revenue
Refunding 2003B 0 WNet/
Saver Revemae Bonds
CNR. fm soswexs
IM%
85%
2013-2024
$1.607500
S16,240
51,890683
20 11 A Read lmpmvemeas
RefuNing
Refunding 2W3 SIrte1
Mpmvenenl BOMB
Spxial tessmans
22%
N/A
2011-2026
$860569
$140,638
$17.5.
201Ill Read! Gnpmremenls
Russo,
Refunding 20MAantl 2005A
St. Mpavemmt Bonds
Sexed sssessmem,
25%
WA
201E-2020
52,0]2,150
S275360
$32,1511
67
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
ADVANCE CROSSOVER REFUNDING
On April 25, 2012, the City issued $1,410,000 in General Obligation Bonds, Series 2012A with an average
interest rate of 2.05% to advance refund $1,380,000 of outstanding 2007A Series Bonds with an average
interest rate of 4.40%. The net proceeds of $1,423,370 were used to purchase U.S. Government Securities.
Those securities were deposited in an irrevocable trust with an escrow agent to provide for the interest on
the refunding bonds before the crossover date and called principal on the refunded bonds on February 1,
2014.
The City advance refunded the 2007A General Obligation Improvement Bonds to reduce its total debt
service payments over the last nine years of the bond by $110,499 and to obtain an economic gain
(difference between the present value of the debt service payments on the old and new debt) of $98,253.
The City is responsible for the debt service of the refunded bonds before the crossover date and the debt
service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the
crossover date is payable from the escrow account. Assets held with the escrow agent total $1,392,296 at
December 31, 2013.
Payment
Date
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Refunded
Bonds
Total
Refunding Debt Service Commitment
Bonds Escrow Account City
$1,529,010 $28,625
- 172,175
- 169,275
- 171,325
- 168,325
- 170,275
- 172,125
- 173,875
- 175,483
171,870
$1,394,313 $163,322
- 172,175
- 169,275
- 171,325
- 168,325
- 170,275
- 172,125
- 173,875
- 175,483
171,870
Total $1,529,010 $1,573,353 $1,394,313 $1,708,050
CURRENT REFUNDING
On January 8, 2013, the City issued the $1,440,000 General Obligation Water and Sewer Refunding
Bonds, Series 2013A with an average interest rate of 1.52% to refund the 2014 through 2024 maturities
aggregating $1,450,000 in principal amount of the City's $2,200,000 General Obligation Water and Sewer
Revenue Bonds, Series 2003B with an average interest rate of 4.1655%, dated April 16, 2003. Net
proceeds of $1,453,524 were used to retire all outstanding principal of the refunded bonds on January 8,
2013.
The City refunded the bonds to reduce its total debt service payments over the eleven years by $236,983
and to obtain an economic gain (difference between the present value of the debt service payments on the
old and new debt) of $217,167.
68
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 7 DEFINED BENEFIT PENSION PLANS - STATEWIDE
A. PLAN DESCRIPTION
All full-time and certain part-time employees of the City are covered by defined benefit plans administered
by the Public Employees Retirement Association of Minnesota (PERA). PERA administers the General
Employees Retirement Fund (GERF) and the Public Employees Police and Fire Fund (PEPFF) which are
cost-sharing, multiple -employer retirement plans. These plans are established and administered in
accordance with Minnesota Statutes, Chapters 353 and 356.
GERF members belong to either the Coordinated Plan or the Basic Plan. Coordinated Plan members are
covered by Social Security and Basic Plan members are not. All new members must participate in the
Coordinated Plan. All police officers, firefighters and peace officers who qualify for membership by
statute are covered by the PEPFF.
PERA provides retirement benefits as well as disability benefits to members, and benefits to survivors
upon death of eligible members. Benefits are established by State Statute, and vest after three years of
credited service. The defined retirement benefits are based on a member's highest average salary for any
five successive years of allowable service, age, and years of credit at termination of service.
The benefit provisions stated in the previous paragraphs of this section are current provisions and
apply to active plan participants. Vested, terminated employees who are entitled to benefits but are not
receiving them yet are bound by the provisions in effect at the time they last terminated their public
service.
PERA issues a publicly available financial report that includes financial statements and required
supplementary information for GERF and PEPFF. That report may be obtained on the internet at
www.p=era.ora, by writing to PERA, 60 Empire Drive #200, St. Paul, Minnesota, 55103-2088 or by
calling (651) 296-7460 or 1-800-652-9026.
m
L
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
B. FUNDING POLICY
Minnesota Statutes Chapter 353 sets the rates for employer and employee contributions. These
statutes are established and amended by the state legislature. The City makes annual contributions to
the pension plans equal to the amount required by state statutes. GERF Basic Plan members and
Coordinated Plan members were required to contribute 9.1% and 6.25%, respectively, of their annual
covered salary in 2013. PEPFF members were required to contribute 9.6% of their annual covered
salary in 2013. The City was required to contribute the following percentages of annual covered
payroll in 2013: 11.78% for Basic Plan GERF members, 7.25% for Coordinated Plan GERF
members, and 14.4% for PEPFF members. The City's contributions to the General Employees
Retirement Fund for the years ending December 31, 2013, 2012 and 2011 were $143,131, $141,004
and $131,203, respectively. The City's contributions to the Public Employees Police and Fire Fund
for the years ending December 31, 2013, 2012 and 2011 were $350,488, $339,281 and $332,497,
respectively. The City's contributions were equal to the contractually required contributions for each
year as set by state statute.
C. PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA) - DEFINED
CONTRIBUTION
PLAN DESCRIPTION
All council members of the City are covered by the Public Employees Defined Contribution Plan
(PEDCP), a multiple -employer deferred compensation plan administered by the Public Employees
Retirement Association of Minnesota (PERA). The PEDCP is a tax qualified plan under Section
401(a) of the Internal Revenue Code and all contributions by or on behalf of employees are tax
deferred until time of withdrawal.
Benefit Provisions and Contribution Rates
Plan benefits depend solely on amounts contributed to the plan plus investment earnings, less
administrative expenses. Minnesota Statutes, Chapter 353D.03, specifies plan provisions, including
the employee and employer contribution rates for those qualified personnel who elect to participate.
Plan provisions are established and can be amended by State Statutes. An eligible elected official who
decides to participate contributes 5 percent of salary which is matched by the elected official's
employer. Employer and employee contributions are combined and used to purchase shares in one or
more of the seven accounts of the Minnesota Supplemental Investment Fund. For administering the
plan, PERA receives 2 percent of employer contributions and twenty-five hundredths of one percent of
the assets in each member's account annually.
Plan benefits depend solely on amounts contributed to the plan plus investment earnings, less
administrative expenses.
70
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Total contributions made by the City during fiscal year 2013 were:
Percentage of
Amount Covered Payroll Required
Employees Employer Employees Employer Rates
PEDCP $1,613 $1,613 5.00% 5.00% 5.00%
D. SINGLE EMPLOYER PERS
PLAN DESCRIPTION — ST. ANTHONY FIREFIGHTERS RELIEF ASSOCIATION
All members of the St. Anthony Fire Department are covered by a defined benefit plan administered
by the St. Anthony Firefighters Relief Association. The Plan is a single employer retirement plan and
is established and administered in accordance with Minnesota Statute, Chapter 69.
The Relief Association provides retirement benefits as well as disability benefits to members and
benefits to survivors upon death of eligible members. Benefits are established in accordance with the
State Statute and vest after ten years of credited service. The defined retirement benefits are based on
a member's years of service. Benefit provisions can be amended by the Relief Association within the
parameters provided by State Statutes.
The Relief Association issues a publicly available financial report that includes financial statements
and required supplementary information. That report may be obtained by writing to St. Anthony
Firefighters Relief Association, 3505 Silver Lake Road, St. Anthony, Minnesota, 55418.
71
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
FUNDING POLICY
Minnesota Statutes Chapter 69.772 sets the minimum contribution requirement for the City and State
aid on an annual basis. These statutes are established and amended by the state legislature. The Relief
Association is comprised of volunteers; therefore, members have no contribution requirements. The
City receives the State aid contribution and is required by state statutes to pass this through as payment
to the Relief Association. This transaction, in the amount of $45,672, is recorded as a revenue and an
expenditure in the City's 2013 financial statements. The City's annual pension cost for 2012 (2013 is
unavailable) and related information for the plan is as follows:
Annual pension cost $39,235
Contributions made:
City $33,235
State aid $6,000
Actuarial valuation date 12/31/12
Actuarial cost method Entry age normal
Amortization method Level dollar closed
Remaining amortization period:
Normal cost 20 years
Prior service cost 5 years
Asset valuation method Market
Actuarial assumptions
Investment rate of return
5%
Projected salary increases
N/A
Inflation rate
N/A
Cost of living adjustments
None
Age of service requirements
50
Post-retirement benefits increase
None
YYA
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Three year trend information (information for December 31, 2013 is not available):
Three Year Trend Information
REQUIRED SUPPLEMENTARY INFORMATION — SCHEDULE OF FUNDING PROGRESS
Annual
Percentage
Net
Year
Pension
of APC
Pension
Ending
Cost (APC)
Contributed
Obligation
Actuarial
Actuarial
Actuarial
12/31/2012
$39,235
100%
Valuation
12/31/2011
38,574
100%
Funded
12/31/2010
40,415
100%
Liability
REQUIRED SUPPLEMENTARY INFORMATION — SCHEDULE OF FUNDING PROGRESS
Note 8 OTHER POST -EMPLOYMENT BENEFITS (OPEB)
In 2009, the City prospectively implemented the requirement of a new accounting pronouncement, GASB
Statement No. 45, Accounting and Financial Reporting by Employers for Post -employment Benefits Other
Than Pensions.
A. PLAN DESCRIPTION
In addition to providing the pension benefits described in Note 6, the City provides post -employment
health care benefits (as defined in paragraph B) for retired employees and police and firefighters
disabled in the line of duty, through a single -employer defined benefit plan. The tern Plan refers to
the City's requirement by State Statute to provide retirees with access to health insurance. The OPEB
plan is administered by the City. The authority to provide these benefits is established in Minnesota
Statutes Sections 471.61 Subd. 2a, and 299A.465. The benefits, benefit levels, employee contributions
and employer contributions are governed by the City and can be amended by the City through its
personnel manual and collective bargaining agreements with employee groups. The Plan is not
accounted for as a trust fund, as an irrevocable trust has not been established to account for the plan.
The Plan does not issue a separate report.
73
Assets in
Excess of
Pension
Actuarial
Actuarial
Actuarial
(Unfunded)
Benefit
Valuation
Value of
Accrued
Accrued
Funded
Per Year
Date
Assets
Liability
Liability
Ratio
of Service
12/31/2012
$901,525
$862,540
$38,985
104.52%
$2,800
12/31/2011
889,000
905,996
(16,996)
98.13%
2,800
12/31/2010
984,659
862,804
121,855
114.12%
2,500
Note 8 OTHER POST -EMPLOYMENT BENEFITS (OPEB)
In 2009, the City prospectively implemented the requirement of a new accounting pronouncement, GASB
Statement No. 45, Accounting and Financial Reporting by Employers for Post -employment Benefits Other
Than Pensions.
A. PLAN DESCRIPTION
In addition to providing the pension benefits described in Note 6, the City provides post -employment
health care benefits (as defined in paragraph B) for retired employees and police and firefighters
disabled in the line of duty, through a single -employer defined benefit plan. The tern Plan refers to
the City's requirement by State Statute to provide retirees with access to health insurance. The OPEB
plan is administered by the City. The authority to provide these benefits is established in Minnesota
Statutes Sections 471.61 Subd. 2a, and 299A.465. The benefits, benefit levels, employee contributions
and employer contributions are governed by the City and can be amended by the City through its
personnel manual and collective bargaining agreements with employee groups. The Plan is not
accounted for as a trust fund, as an irrevocable trust has not been established to account for the plan.
The Plan does not issue a separate report.
73
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
B. BENEFITS PROVIDED
Retirees
The City is required by State Statute to allow retirees to continue participation in the City's group
health insurance plan if the individual terminates service with the City through service retirement or
disability retirement. To be eligible for benefits, an employee must qualify for retirement or disability
benefits from a Minnesota public pension plan. The employee may continue to participate in the
City's group health insurance plan that the employee was a participant of immediately prior to
retirement. Employees may obtain dependent coverage at retirement only if the employee was
receiving dependent coverage immediately prior to retirement. Covered spouses may continue
coverage after the retiree's death. The surviving spouse of an active employee may continue coverage
in the group health insurance plan after the employee's death.
All health care coverage is provided through the City's group health insurance plans. The retiree is
required to pay 100% of their premium cost for the City -sponsored group health insurance plan in
which they participate. The premium is a blended rate determined on the entire active and retiree
population. Since the projected claims costs for retirees exceed the blended premium paid by retirees,
the retirees are receiving an implicit rate subsidy (benefit). The coverage levels are the same as those
afforded to active employees. Upon a retiree reaching age 65 years of age, Medicare becomes the
primary insurer and the City's plan becomes secondary.
Disabled police and firefighter
The City continues to pay the employer's contribution toward health coverage for Police or
Firefighters disabled in the line of duty per Minnesota Statute 299A.465, until age 65. Coverage for a
spouse is included, if the spouse was covered at the time of the disability. The January 1, 2013
through December 31, 2013 monthly premiums paid for Police or Firefighters disabled in the line of
duty are:
Employee
Employee Plus Spouse
Aware Plan
$30 Copay
$669
$1,405
$30 Copay 90/10% coinsurance
637
1,138
$500 Deductible - $25 copay
591
1,242
$2500 HDHP/HSA
442
927
$4000 HDHP/HSA
403
847
Accord Plan
$30 Copay 644 1,351
$30 Copay 90/10% coinsurance 613 1,286
$500 Deductible - $25 copay 569 1,194
$2500 HDHP/HSA 425 892
$4000 HDHP/HSA 388 814
74
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
C. PARTICIPANTS
As of the actuarial valuation dated January 1, 2012, participants consisted of:
Retirees and beneficiaries currently
purchasing health insurance through the City
Disabled police and firefighters
Active employees 56
Total 59
Participating employers 1
D. FUNDING POLICY
The additional cost of using a blended rate for actives and retirees is currently funded on a pay-as-you-
go basis. The City Council may change the funding policy at any time.
E. ANNUAL OPEB COSTS AND NET OPEB OBLIGATION
The City's annual other post employment benefit (OPEB) cost is calculated based on the annual
required contribution (ARC) of the employer, an amount actuarially determined in accordance with the
parameters of GASB Statement No. 45. The ARC represents a level of funding that, if paid on an
ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial
liabilities (or funding excess) over a period not to exceed 30 years. The net OPEB obligation as of
December 31, 2013, was calculated as follows:
Annual required contribution (ARC)
$100,767
Interest on net OPEB obligation
14,924
Adjustment to ARC
(12,799)
Annual OPEB cost
102,892
Contributions made during the year
(17,962)
Increase (decrease) in net OPEB obligation
84,930
Net OPEB obligation - beginning of year
331,640
Net OPEB obligation - end of year $416,570
For the governmental activities, the net OPEB obligation is generally liquidated by the General Fund.
The City had an actuarial valuation performed for the plan as of January 1, 2012 to determine the
funded status of the plan as of that date as well as the employer's annual required contribution (ARC)
for the fiscal year ended December 31, 2013. The City's annual OPEB cost, the percentage of annual
75
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
OPEB cost contributed to the plan and the net OPEB obligation for 2011, 2012 and 2013 was as
follows:
Fiscal Year
Ended
Annual OPEB Employer
Cost Contributions
December 31, 2011
$99,368
December 31, 2012
98,886
December 31, 2013
102,892
$23,435
13,152
17,962
F. FUNDED STATUS AND FUNDING PROGRESS
Percentage of
Annual OPEB Cost
Contributed
24.0%
13.0%
17.0%
Net OPEB
Obligation
$245,906
331,640
416,570
The City currently has no assets that have been irrevocably deposited in a trust for future health
benefits; therefore, the actuarial value of assets is zero. The funded status of the plan was as follows:
Unfunded
Actuarial Actuarial UAAL as a
Actuarial Actuarial Accrued Accrued Funded Covered Percentage of
Valuation Value of Assets Liability (AAL)* Liability (UAAL) Ratio Payroll Covered Payroll
Date (a) (b) (b -a) (alb) (c) ( (b -a) / c)
January 1, 2012 $0 $838,935 $838,935 0.00% $3,513,322 23.88%
*Using the Projected Unit Credit Actuarial cost method.
G. ACTUARIAL METHODS AND ASSUMPTIONS
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality and the health care cost trend. Amounts determined
regarding the funded status of the plan and the annual required contributions (ARC) of the employer
are subject to continual revision as actual results are compared with past expectations and new
estimates are made about the future. The schedule of funding progress, presented as required
supplementary information following the notes to the financial statements, presents multi-year trend
information that shows whether the actuarial value of plan assets is increasing or decreasing over time
relative to the actuarial accrued liabilities for benefits.
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as
understood by the employer and plan members) and include the types of benefits provided at the time
of each valuation and the historical pattern of sharing of benefit costs between the employer and plan
members to that point. The actuarial methods and assumptions used include techniques that are
designed to reduce the effect of short-term volatility in actuarial accrued liabilities and the actuarial
value of assets, consistent with the long-term perspective of the calculations. In the January 1, 2012
actuarial valuation, the Projected Unit Credit Actuarial cost method was used. The actuarial
assumptions included a 4.5% investment rate of return (net of administrative expenses), an initial
annual health care cost trend rate of 9% reduced by .33% each year to arrive at an ultimate health care
cost trend rate of 5.0% and an inflation rate of 3%. The actuarial value of assets was $0. The plan's
76
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
unfunded actuarial accrued liability is being amortized using the level percentage of projected payroll
method over 30 years on an open basis.
Note 9 INTERFUND RECEIVABLES/PAYABLES. LOANS AND TRANSFERS
Individual fund interfund receivable and payable balances at December 31, 2013 are as follows:
Fund Receivable Payable
Major Funds:
General Fund
HRA Directed Projects
2012 Street Improvement Project Fund
2014 Street Improvement Project Fund
Nonmajor Funds:
HRA Fund
Internal Service Fund
Total
$504,259 $
- 121,453
41,090
64,508
244,677
32,531
$504,259 $504,259
Interfund payables and receivables are representative of lending/borrowing arrangements to cover deficit cash
balances at the end of the fiscal year.
Interfund loans:
Fund
Major funds:
Water and Sewer
HRA Projects
Street Improvement Project
Nonmajor funds:
Revolving Improvement Fund
Total
Receivable Payable Purpose
$1,026,721 $ -
959,326 Provide financing for pay off of Fannie Mae loan
5,575 Provide financing for pay off of Fannie Mae loan
61,820 Provide financing for Arbors Alley Project
$1,026,721 $1,026,721
77
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Interfund transfers:
Transfer out
Governmental activities:
General Fund
HRA Projects
Street Improvement Projects
Nonmajor
Business -type activities:
Water and Sewer Fund
Liquor Fund
Total transfers
Transfer In
Governmental Activities
HRA Street Nonmajor
General Debt Improvement Governmental
Fund Service Debt Service Fund Total
$ $ - $ $95,150 $95,150
876,446 - 876,446
- 193,545 - 193,545
- 317,772 317,772
50,000 50,000 100,000
330,800 - - 108,200 439,000
$380,800 $876,446 $193,545 $571,122 $2,021,913
All of the 2013 transfers are considered routine and consistent with previous practices.
Note 10 DEFICIT FUND BALANCES/NET POSITION
The City has deficit fund balances/net position at December 31, 2013 as follows:
Fund Amount
Major funds
2014 Street Improvement Fund
$138,667
Nomnajor funds:
HRA Fund
169,816
Silver Lake Village Park
2,267
Capital Equipment Fund
3,478
Internal Service Fund
682,739
These deficits will be eliminated in certain situations by; increased levy, bond proceeds, charges to other funds
or fund transfers.
78
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 11 CONTINGENCIES
A. RISK MANAGEMENT
The City is exposed to various risks of loss related to torts, theft of, damage to and destruction of
assets; errors and omissions; injuries to employees; and natural disasters.
Workers compensation coverage is provided through a pooled self-insurance program through the
League of Minnesota Cities Insurance Trust (LMCIT). The City pays an annual premium to the
LMCIT. The City is subject to supplemental assessments if deemed necessary by the LMCIT. The
LMCIT reinsures through Workers Compensation Reinsurance Association (WCRA) as required by
law. The City has no deductible and a managed care program to assist employees with their
rehabilitation plan. Annual employee hours of service are audited and final premiums are then
determined. The amount of premium adjustment, if any, is considered immaterial and not recorded
until received or paid.
Property, casualty and automobile insurance coverage are provided through a pooled self-insurance
program through the LMCIT. The City pays an annual premium to the LMCIT. The City is subject to
supplemental assessments if deemed necessary by the LMCIT. The LMCIT reinsures through
commercial companies for claims in excess of various amounts. The City retains risk for the
deductible portions. These deductibles are considered immaterial to the financial statements.
The City continues to carry commercial insurance for all other risks of loss, including liquor liability,
employee health and disability insurance.
There were no significant reductions in insurance from the previous year or settlements in excess of
insurance coverage for any of the past three fiscal years.
B. LITIGATION
The City has indicated that existing and pending lawsuits, claims and other actions in which the City is
a defendant are either covered by insurance; of an immaterial amount; or, in the judgment of the City,
remotely recoverable by plaintiffs.
C. FEDERAL AND STATE FUNDS
The City receives financial assistance from federal and state governmental agencies in the form of
grants. The disbursement of funds received under these programs generally requires compliance with
the terms and conditions specified in the grant agreements and are subject to audit by the grantor
agencies. Any disallowed claims resulting from such audits could become a liability of the applicable
fund. However, in the opinion of management, any such disallowed claims will not have a material
effect on any of the financial statements included herein or on the overall financial position of the City
at December 31.2013.
79
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
D. TAX INCREMENT DISTRICTS
The City's tax increment districts are subject to review by the State of Minnesota Office of the State
Auditor (OSA). Any disallowed claims or misuse of tax increments could become a liability of the
applicable fund. Management has indicated that they are not aware of any instances of noncompliance
which would have a material effect on the financial statements.
E. PAY-AS-YOU-GO TAX INCREMENT
The City has two tax increment pay-as-you-go agreements. The agreements are not a general
obligation of the City and are payable solely from available tax increment. Accordingly, these
agreements are not reflected in the financial statements of the City. Details of the pay-as-you-go notes
are as follows:
TIF District #3-5, Landings at Silver Lake Village
The pay-as-you-go note provides for the payment to the developer for 90% of all tax increment
received in the prior six months. The payment reimburses the developer for street, utilities, right-of-
way, land acquisition, and other public improvements. Principal and interest payments will be
completed February 1, 2031.
TIF District #3-5, Phase II Town Homes
The pay-as-you-go note provides for the payment to the developer for 95% of all tax increment
received in the prior six months. The payment reimburses the developer for streets, utilities, right-
of-way, land acquisition, and other public improvements. Principal and interest payments will be
completed February 1, 2031.
F. ARBITRAGE
The City issued greater than $5 million of bonds in the years 2006, 2007 and 2011 and, therefore; is
required to rebate excess investment income relating to these issues to the federal government. The
City calculates arbitrage rebate every five years as permitted by arbitrage regulations. The extent of
the City's liability for arbitrage rebates for bond issues not currently requiring five year rebate
calculations is not determinable at this time. However, in the opinion of management, any such
liability would be immaterial.
Note 12 DEFERRED AD VALOREM TAX LEVIES - BONDED DEBT
General obligation bond issues sold by the City are financed by ad valorem tax levies and improvement bond
issues sold by the City are partially financed by ad valorem tax levies in addition to special assessments levied
against the benefiting properties. When a bond issue to be financed partially or completely by ad valorem tax
levies is sold, specific annual amounts of such tax levies are stated in the bond resolution and the County
Auditor is notified and instructed to levy these taxes over the appropriate years. The future tax levies are
subject to cancellation when and if the City has provided alternative sources of financing. The City Council is
required to levy any additional taxes found necessary for full payment of principal and interest.
These future scheduled tax levies are not shown as assets in the accompanying financial statements at
December 31, 2013.
80
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 13 FUND BALANCE
A. CLASSIFICATIONS
At December 31, 2013, a summary of the governmental fund balance (deficit) classifications are as
follows:
81
Street
Improvement
HRA
Street
Debt
Debt
Improvement
HRA
General Fund
Service
Service
Projects
Projects
Nonspendable:
Prepaid items
$43,103
$ -
$-
Inventory
30,946
-
-
-
Totalnonspendable
74,049
0
0
0
0
Restricted for:
Tax increment
-
-
-
-
1,831,915
Public safety
-
-
-
-
-
Debt service
2,846,150
592,047
Total restricted
0
2,846,150
592,047
0
1,831,915
Committed to:
Community center operations/maintenance
-
-
-
-
-
Recycling
-
-
_
_
_
Revolving loan program
61,049
Total committed
0
0
0
0
61,049
Assigned t0:
Community center operations/maintenance
-
-
-
-
-
Streetimprovements/rehabilitiation
-
-
-
152,271
-
strum water improvements
-
-
-
-
Development purposes
-
-
-
-
-
Public safety
-
-
-
-
-
Parks and recreation
Total assigned
0
0
0
152,271
0
Unassigned
2,074,490
(1,358,169)
Total
$2,148,539
$2,846,150
$592,047
$152,271
$534,795
2012
2013
2014
street
Street
street
Improvement
Improvement
Improvement
Project
Project
Project
Other Funds
Total
Nonspendable:
Prepaid items
$ -
S -
S -
S49
$43,152
Inventory
30,946
Total nonspendable
0
0
0
49
74,098
Restricted for:
Taxincrement
-
-
-
-
1,831,915
Public safety
-
-
-
21,528
21,528
Debt service
1,981,209
5419 406
Total restricted
0
0
0
2,002,737
7,272 849
Committed to:
Community center operations/maintenance
-
-
-
29,161
29,161
Recycling
-
-
-
3,854
3,854
Revolving loan program
61,049
Total committed
0
0
0
33,015
94,064
Assigned to:
Community center operations/maintenance
-
-
-
7,349
7,349
street improvements/rehabilitiation
12,661
289,081
-
-
454,013
Storm water improvements
-
-
-
53,383
53,383
Other capital improvements
-
-
-
960,390
960,390
Public safety
-
-
-
10,396
10,396
Parks and recreation
221,952
221,952
Tom] assigned
12,661
289,081
0
1,253,470
1,707,483
Unassigned
(138,667) (175,561)
402,093
Total
$12,661
5289,081
($138,667)
$3,113,710
$9,550,587
81
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
B. MINIMUM UNASSIGNED FUND BALANCE POLICY
The City Council has formally adopted a policy regarding the minimum unassigned fund balance for
the General Fund. The most significant revenue source of the General Fund is property taxes. This
revenue source is received in two installments during the year — June and December. As such, it is the
City's goal to begin each fiscal year with sufficient working capital to fund operations between each
semi-annual receipt of property taxes.
The policy establishes a year-end targeted unassigned fund balance amount for cash-flow timing needs
in the range of 30-35% of the subsequent year's budgeted operating expenditures (net of expenditures
for police services to other cities). At December 31, 2013, the unassigned fund balance of the General
Fund was 41 % of the subsequent year's budgeted expenditures.
Note 14 CONDUIT DEBT OBLIGATION
From time to time, the City has issued Multi -family Housing Revenue Bonds to provide financial assistance to
private -sector entities for the acquisition and construction of rental housing deemed to be in the public interest.
The bonds are secured by the property financed and are payable solely from payments received on the
underlying mortgage loans. Upon repayment of the bonds, ownership of the acquired facilities transfers to the
private -sector entity served by the bond issuance. Neither the City, the State, nor any political subdivision
thereof is obligated in any manner for repayment of the bonds. Accordingly, the bonds are not reported as
liabilities in the accompanying financial statements.
As of December 31, 2013, there were seven series of Multi -family Housing Revenue Bonds outstanding. The
aggregate issued amount was $71,685,000, including two 1996 issues totaling $7,200,000, a 2002 issue of
$7,775,000, three 2004 issues of $39,760,000, and one 2013 issue of $16,950,000. The balance outstanding at
December 31, 2013 is unavailable.
Note 15 OPERATING LEASES
The City leases space above its water towers to Sprint Spectrum. The space is used for antennas and other
equipment necessary to provide radio communications. Lease terms are as follows:
2013 Annual Lease Initial
Lease Adjustment Expiration Automatic
Lessee Amount Factor Date Renewals
Sprint Spectrum
Clearwire Communications
Verizon Wireless
$23,756 4%
26,434 4%
15,000 3%
82
2/27/18 2-5 year terms
7/17/14 5-5 year terms
8/1/18 4-5 year terms
n
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
i
Future minimum lease payments are as follows:
Sprint
Clearwire
Verizon
Spectrum
Communications
Wireless
2014
$24,706
$27,492
$24,300
2015
25,694
28,591
25,029
2016
26,722
29,735
25,780
2017
27,791
30,924
26,553
2018
28,902
32,161
27,350
2019
30,059
33,448
28,170
2020
31,261
34,786
29,016
2021
32,511
36,177
29,886
2022
33,812
37,624
30,783
2023
35,164
39,129
31,706
2024
36,571
40,695
32,657
2025
38,034
42,322
33,637
2026
39,555
44,015
34,646
2027
41,137
45,776
35,685
2028
42,783
47,607
36,756
2029
7,464
49,511
37,859
2030
-
51,491
38,994
2031
-
53,551
40,164
2032
-
55,693
41,369
2033
-
57,921
42,610
2034
-
60,238
43,889
2035
-
62,647
45,205
2036
-
65,153
46,561
2037
-
67,759
27,630
2038
-
70,470
-
2039
-
38,983
-
Total
$502,166
$1,183,899
$816,235
83
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 16 LEGAL DEBT MARGIN
The City is subject to a statutory limitation by the State of Minnesota for bonded indebtedness payable
principally from property taxes. The City's legal debt margin for 2013 is computed as follows:
Amount of debt applicable to debt limit
Total bonded debt
December 31,
Less nonapplicable debt:
2013
Market value:
(1,735,000)
Ramsey County
$243,533,600
Hennepin County
431,040,057
Total market value
674,573,657
Debt limit percentage
3.00%
Debt limit
20,237,210
Amount of debt applicable to debt limit
Total bonded debt
34,560,000
Less nonapplicable debt:
Revenue bonds (water, sewer, storm sewer)
(1,735,000)
State aid street bonds
(120,000)
Tax abatement bonds
(1,355,000)
Improvement bonds
(12,105,000)
Tax increment bonds
(8,545,000)
Cash and investments in applicable debt
service funds
(1,914,814)
Total amount of debt applicable to debt limit
8,785,186
Legal debt margin $11,452,024
Note 17 RECENTLY ISSUED ACCOUNTING STANDARDS
The Governmental Accounting Standards Boards (GASB) recently approved the following statements which
were not implemented for these financial statements:
Statement No. 67 Financial Reporting for Pension Plans — an amendment of GASB Statement No. 15.
The provisions of this Statement are effective for financial statements for fiscal years beginning after June
15, 2013.
Statement No. 68 Accounting and Financial Reportingfor Pensions — an amendment of GASB Statement
27. The provisions of this Statement are effective for financial statements for periods beginning after June
15, 2014.
Statement No. 69 Government Combinations and Disposals of Government Operations. The provisions
of this Statement are effective for government combinations and disposals of government operations
occurring in financial reporting periods beginning after December 15, 2013, and should be applied on a
prospective basis.
84
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Statement No. 70 Accounting and Financial Reporting for Nonexchange Financial Guarantees. The
provisions of this Statement are effective for financial statements for reporting periods beginning after June
15,2013.
Statement No. 71 Pension Transition for Contributions Made Subsequent to the Measurement Date — an
amendment of GASB Statement No. 68. The provisions of this Statement should be applied simultaneously
with the provisions of Statement 68.
The effect these standards may have on future financial statements is not determinable at this time
Note 18 PRIOR PERIOD ADJUSTMENT/CHANGE IN ACCOUNTING PRINCIPLE
During 2012, corrections to the prior year financial statements were made to correct interest income related to
interfund loans. Prior to adjustment the City was not accruing interest on interfund loans receivable and
payable.
For the year ended December 31, 2013, the City implemented GASB Statements No. 61 and 65. GASB
Statement No. 61, The Financial Reporting Entity: Omnibus —An Amendment of GASB No. 14 and No.34
modifies certain requirements for inclusion of component units in the financial reporting entity and also amends
the criteria for reporting component units as if they were part of the primary government (i.e. blending). GASB
Statement No. 65, Items Previously Reported as Assets and Liabilities resulted in accounts previously presented
as liabilities being reclassified as deferred inflows of resources. In addition, GASB 65 results in the
restatements of beginning net position to reflect the change in accounting for bond issuance costs. Prior to
GASB 65, bond issuance costs were capitalized and amortized over the life of the bond. GASB 65 requires the
expensing of issuance costs (excluding bond insurance) in the year of issuance. The restatement of net position
due to the elimination of deferred charges is summarized below.
Fund balance/net position -
December 31, 2011, as previously reported
Prior period adjustments:
Interfund loan interest
Restatement of deferred charges
Net Prior period adjustments
Fund balance/net position -
January 1, 2012, as restated
Major Enterprise
Total Major Governmental Funds Funds
Governmental Business -Type Government Street Improvement Water and
Activities Activities Wide Projects HRA Projects Sewer
$13,256,059 $10,409,882 $23,665,941 $354,111 $776,143 $8,241,812
(131,028) 131,028 - (70,626) (60,402) 131,028
(480,529) (32,558) (513,087) (32,558)
(611,557) 98,470 (513,087) (70,626) (60,402) 98,470
$12,644,502 $10,508,352 $23,152,854 $283,485 $715,741 $8,340,282
85
CITY OF ST. ANTHONY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2013
Note 19 PRIOR PERIOD ADJUSTMENT/CORRECTION OF AN ERROR
During 2013, corrections to the prior year financial statements were made to correct accounts payable relating
to pay-as-you-go TIF. Prior to adjustment the City was not accruing the February payment relating to TIF
money received during the year.
A summary of changes are as follows
Fund balance/net position -
January 1, 2013, as previously restated
Prior period adjustments:
Pay -as -you go TIF
Fund balance/net position -
January 1, 2013, as restated
Note 20 SUBSEOUENT EVENTS
Major
Governmental
Governmental Fund
Activities HRA Projects
$14,378,700 $716,403
(211,123) (211,123)
$14,167,577 $505,280
The City issued the $2,070,000 G.O. Bonds, Series 2014A on March 25, 2014 to fund various public
improvements within the City.
The City will also issue the $3,750,000 G.O. TIF Revenue Bonds, Series 2014B on July 18, 2014 to refinance
the Housing and Redevelopment Authority of the City of St. Anthony's $4,640,000 Tax Increment Revenue
Bonds (Silver Lake Village Phase IA Housing), Series 2007.
The City will also issue the $1,330,000 G.O. Street Reconstruction Refunding Bonds, Series 2014B on July 18,
2014 to advance refinancing of the City's $1,910,000 General Obligation Street Reconstruction Bonds, Series
2008A.
86
REQUIRED SUPPLEMENTARY INFORMATION
87
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Statement 10
Page 1 of 5
Expenditures:
General government:
2013
Mayor and council:
2012
Current:
Budgeted Amounts
Actual
Variance with
Actual
- - - - 261
Original
Final
Amounts
Final Budget
Amounts
Revenues:
General property taxes
$3,279,228
$3,279,228
$3,381,333
$102,105
$3,267,112
Licenses and permits
228,248
228,248
342,390
114,142
195,563
Intergovernmental:
Federal:
Police grants
30,750
30,750
127,770
97,020
57,458
State:
Market value homestead credit
-
-
43
43
664
Police aid
159,250
159,250
172,796
13,546
149,162
Fire aid
32,575
32,575
45,672
13,097
33,235
Municipal state aid - street maintenance
70,750
70,750
73,682
2,932
70,115
PERA aid
7,197
7,197
7,197
7,197
County:
Street maintenance
19,723
19,723
19,723
-
24,116
Other
8,800
8,800
71,215
62,415
10,289
Local:
School District DARE
14,500
14,500
14,500
-
14,500
Other
5,000
5,000
6,756
1,756
14,546
Total intergovernmental
348,545
348,545
539,354
190,809
381,282
Charges for services:
Police contracts
1,204,060
1,204,060
1,204,060
-
1,192,138
Cable franchise fees
100,659
100,659
104,089
3,430
101,403
Antenna rental- water tower
50,226
50,226
67,281
17,055
48,340
Other
128,593
138,593
170,911
32,318
129,127
Total charges for services
1,483,538
1,493,538
1,546,341
52,803
1,471,008
Fines and forfeits
108,783
108,783
118,253
9,470
101,429
Contributions and donations
275
275
2,700
2,425
2,278
Other revenue:
Investment income
5,500
5,500
(7,315)
(12,815)
(168)
Refunds and reimbursments
5,000
5,000
21,183
16,183
-
Miscellaneous - other
91,350
91,350
46,732
(44,618)
102,925
Total other revenue
101,850
101,850
60,600
(41,250)
102,757
Total revenues
5,550,467
5,560,467
5,990,971
430,504
5,616,851
Expenditures:
General government:
Mayor and council:
Current:
Personal services
35,151 35,151 34,420 731 35,871
Materials and supplies
- - - - 261
Other services and charges
41,275 41,275 33,270 8,005 36,413
Total mayor and council
76,426 76,426 67,690 8,736 72,545
88
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Statement 10
Page 2 of 5
89
L.
2013
2012
Budgeted Amounts
Actual
Variance with
Actual
Original
Final
Amounts
Final Budget
Amounts
Expenditures: (continued)
General government: (continued)
Intergovernmental relations:
Current
Contracted services
$ -
$ -
$ -
$ -
$4,865
Public relations/cable:
Current:
Personal services
12,569
11,744
6,005
5,739
7,339
Supplies
50
50
1,350
(1,300)
169
Other services and charges
25,300
25,300
27,119
(1,819)
25,879
Capital outlay
50
50
8,157
(8,107)
-
Total public relations/cable
37,969
37,144
42,631
(5,487)
33,387
General management:
Current:
Personal services
78,043
78,468
83,959
(5,491)
86,358
Supplies
800
800
1,044
(244)
712
Other services and charges
8,600
8,600
36,746
(28,146)
16,751
Total general management
87,443
87,868
121,749
(33,881)
103,821
Elections:
Current:
Personal services
18,060
17,804
18,978
(1,174)
23,654
Supplies
1,100
1,100
1,536
(436)
1,471
Other services and charges
4,600
4,600
3,121
1,479
3,714
Total elections
23,760
23,504
23,635
(131)
28,839
Finance:
Current:
Personal services
118,777
119,472
114,433
5,039
113,989
Supplies
9,750
9,750
8,119
1,631
11,665
Other services and charges
100,138
99,438
122,575
(23,137)
187,251
Total finance
228,665
228,660
245,127
(16,467)
312,905
Assessing:
Current:
Personal services
3,407
3,277
3,324
(47)
3,589
Supplies
75
75
166
(91)
148
Other services and charges
46,000
46,000
46,270
(270)
45,682
Total assessing
49,482
49,352
49,760
(408)
49,419
Legal:
Current:
Contracted services
103,750
103,750
72,739
31,011
157,819
Planning and zoning:
Current:
Personal services
-
-
1,075
(1,075)
-
Supplies
125
125
73
52
176
Other services and charges
31,650
31,650
63,712
(32,062)
38,599
Total planning and zoning
31,775
31,775
64,860
(33,085)
38,775
89
L.
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Expenditures: (continued)
General government: (continued)
General government buildings:
Current:
Other services and charges
Total general government buildings
Total general government
Public safety:
Civil defense:
Current:
Personal services
Supplies
Other services and charges
Total civil defense
Police protection:
Current:
Personal services
Supplies
Other services and charges
Total police protection
Fire protection:
Current:
Personal services
Supplies
Other services and charges
Total fire protection
Protective inspections:
Current:
Statement 10
Page 3 of 5
$80,880
2013
$65,394
2012
Budgeted Amounts
Actual
Variance with
Actual
Original Final
Amounts
Final Budget
Amounts
$80,880
$80,880
$65,394
$15,486
$92,245
80,880
80,880
65,394
15,486
92,245
720,150
719,359
753,585
(34,226)
894,620
56,701
56,668
60,190
(3,522)
54,176
1,500
1,500
418
1,082
1,092
4,400
4,400
1,379
3,021
5,048
62,601
62,568
61,987
581
60,316
2,571,739
2,597,567
2,654,596
(57,029)
2,527,274
117,000
117,700
117,269
431
74,360
209,829
209,829
221,386
(11,557)
91,205
2,898,568
2,925,096
2,993,251
(68,155)
2,692,839
839,327
827,841
818,080
9,761
754,860
26,950
26,950
36,277
(9,327)
23,894
53,205
53,205
86,005
(32,800)
31,228
919,482
907,996
940,362
(32,366)
809,982
Personal services
10,951
10,778
10,558
220
10,860
Supplies
50
50
58
(8)
579
Other services and charges
83,974
83,974
143,287
(59,313)
100,078
Total protective inspections
94,975
94,802
153,903
(59,101)
111,517
DARE program:
Current:
Personal services
11,904
10,019
10,120
(101)
10,671
Supplies
2,300
2,300
2,815
(515)
2,385
Total DARE program
14,204
12,319
12,935
(616)
13,056
FX
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Statement 10
Page 4 of 5
Public works:
2013
2012
Street maintenance:
Budgeted Amounts
Actual
Variance with
Actual
Original
Final
Amounts
Final Budget
Amounts
Expenditures: (continued)
Personal services
379,880
365,567
395,646
(30,079)
Public safety: (continued)
Supplies
30,000
31,375
21,061
10,314
Animal control:
Other services and charges
106,085
106,085
112,416
(6,331)
Current:
Total street maintenance
515,965
503,027
529,123
(26,096)
Supplies
$100
$100
$63
$37
$ -
Contracted services
3,500
3,500
1,070
2,430
1,829
Total animal control
3,600
3,600
1,133
2,467
1,829
Total public safety
3,993,430
4,006,381
4,163,571
(157,190)
3,689,539
Public works:
Street maintenance:
Current:
Personal services
379,880
365,567
395,646
(30,079)
367,006
Supplies
30,000
31,375
21,061
10,314
116,153
Other services and charges
106,085
106,085
112,416
(6,331)
101,656
Total street maintenance
515,965
503,027
529,123
(26,096)
584,815
Equipment maintenance:
Current:
Personal services
44,578
71,123
68,747
2,376
42,889
Supplies
197,375
229,050
242,497
(13,447)
43,704
Other services and charges
15,276
12,126
29,003
(16,877)
9,393
Total equipment maintenance
257,229
312,299
340,247
(27,948)
95,986
Tree and weed care:
Current:
Personal services
33,975
41,295
41,147
148
32,943
Other services and charges
4,200
4,200
3,076
1,124
3,300
Total tree and weed care
38,175
45,495
44,223
1,272
36,243
Total public works
811,369
860,821
913,593
(52,772)
717,044
Parks and recreation:
Park maintenance:
Current:
Personal services
144,071
124,867
126,806
(1,939)
74,417
Supplies
17,650
17,650
1,867
15,783
6,039
Other services and charges
34,512
34,512
35,704
(1,192)
37,653
Total park maintenance
196,233
177,029
164,377
12,652
118,109
Recreation:
Current:
Community services
52,176
52,176
52,176
-
52,176
Total parks and recreation
248,409
229,205
216,553
12,652
170,285
91
t..
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Expenditures: (continued)
Nondepartmental:
Personal services
Supplies
Workers compensation insurance
Total nondepartmental
Total expenditures
Revenues over (under) expenditures
Budgeted Amounts
Original Final
Statement 10
Page 5 of 5
2013
7,071
2012
Actual
Variance with
Actual
Amounts
Final Budget
Amounts
40,000 40,000 32,929
7,071
49,430
- 300 478
(178)
99,421
- - 22,710
(22,710)
11,662
40,000 40,300 56,117
(15,817)
160,513
5,813,358 5,856,066 6,103,419 (247,353) 5,632,001
(262,891) (295,599) (112,448) 183,151 (15,150)
Other financing sources (uses):
Transfers in 355,800 380,800 380,800 355,800
Transfers out (70,150) (70,150) (95,150) (25,000) (68,150)
Total other financing sources (uses) 285,650 310,650 285,650 (25,000) 287,650
Net change in fund balance
Fund balance - January I
Fund balance - December 31
$22,759 $15,051
92
173,202 $158,151
1,975,337
$2,148,539
272,500
1,702,837
$1,975,337
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE
NOTE TO RSI
December 31, 2013
Note A BUDGETS
The General Fund budget is legally adopted on a basis consistent with accounting principles generally accepted
in the United States of America. The legal level of budgetary control is at the department level for the General
Fund.
93
CITY OF ST. ANTHONY, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION Statement 11
SCHEDULE OF FUNDING PROGRESS
OTHER POST EMPLOYMENT BENEFITS PLAN
For The Year Ended December 31, 2013
94
(1)
(2)
(3)
(4)
(5)
(6)
Unfunded
Actuarial
Accrued
Active
UAAL As A
Actuarial
Actuarial
Actuarial
Funded
Liability
Members
Percentage of
Valuation
Value of
Accrued
Ratio
(UAAL)
Covered
Covered
Date
Assets
Liability (AAL)
(1)/(2)
(2)-(1)
Payroll
Payroll (4) / (5)
January 1, 2009
$ -
$1,160,956
0.00%
$1,160,956
$3,383,647
34.31%
January 1, 2010
-
835,974
0.00%
835,974
3,543,870
23.59%
January 1, 2012
-
838,935
0.00%
838,935
3,513,322
23.88%
94
COMBINING AND INDIVIDUAL NONMAJOR FUND FINANCIAL
STATEMENTS AND SCHEDULES
95
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources that
are legally restricted to expenditures for specified purposes.
DEBT SERVICE FUNDS
Debt Service Funds are used to account for the accumulation of resources for, and
payment of, interest, principal and related costs on long-term debt.
CAPITAL PROJECT FUNDS
Capital Project Funds account for financial resources to be used for the
acquisition or construction of major capital facilities (other than those financed by
Proprietary Funds).
96
CITY OF ST. ANTHONY, MINNESOTA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
December 31, 2013
With Comparative Totals For December 31, 2012
Assets
Cash and investments
Accrued interest
Due from other governmental units
Accounts receivable - net
Prepaid items
Property taxes receivable:
Delinquent
Due from county
Special assessments receivable
Total assets
Statement 12
Special
Revenue
Debt Capital
Service Project
Totals
Nonmajor Governmental Funds
2013 2012
$82,356
$1,972,950 $1,279,815
$3,335,121
$3,051,324
416
- -
416
4
339,000
- 96,831
435,831
860
99,259
-
99,259
92,075
49
-
49
129
2,992 17,492
712
21,196
10,876
1,345 8,260
446
10,051
5,928
- 951,694
39,637
991,331
743,620
$525,417 $2,950,396 $1,417,441 $4,893,254 $3,904,816
Liabilities, Deferred Inflows of Resources, and Fund Balance
Liabilities:
$94,916
Accounts payable
$32,120
Contracts payable
-
Interfund payable
244,677
Deposits payable
339,000
Interfund loan payable
-
Due to other governmental units
12
Salaries payable
4,095
Total liabilities
619,904
$ $62,796
$94,916
$19,371
21,683
21,683
114,925
-
244,677
289,793
-
339,000
-
61,820
61,820
67,440
813
825
2,571
-
4,095
3,306
0 147,112
767,016
497,406
Deferred inflows of resources:
Unavailable revenue 2,992 969,187 40,349 1,012,528 753,939
Total deferred inflows of resources 2,992 969,187 40,349 1,012,528 753,939
Fund balance (deficit)
Nonspendable
49 -
49
129
Restricted
21,528 1,981,209
2,002,737
1,694,656
Committed
33,015 -
- 33,015
151,259
Assigned
17,745
1,235,725 1,253,470
1,036,871
Unassigned
(169,816) -
(5,745) (175,561)
(229,444)
Total fund balance (deficit)
(97,479) 1,981,209
1,229,980 3,113,710
2,653,471
Total liabilities, deferred inflows of
resources, and fund balance $525,417 $2,950,396 $1,417,441 $4,893,254 $3,904,816
97
L
CITY OF ST. ANTHONY, MINNESOTA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND Statement 13
CHANGES IN FUND BALANCE
NONMAJOR GOVERNMENTAL FUNDS
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
98
Totals
Special
Debt
Capital
Nonmajor Governmental Funds
Revenue
Service
Project
2013
2012
Revenues:
General property taxes
$148,665
$888,323
$49,256
$1,086,244
$862,343
Intergovernmental
17,340
94,506
88,039
199,885
1,124,909
Special assessments
-
200,705
6,150
206,855
228,255
Charges for services
132,723
152,750
204,543
490,016
366,669
Fines and forfeits
11,110
-
-
11,110
29,131
Investment income
5,295
(5,528)
(5,422)
(5,655)
1,046
Contributions and donations
-
13,434
13,434
500
Refunds and reimbursements
675
15,428
16,103
83,408
Other
3,862
-
169,643
173,505
7,480
Total revenues
319,670
1,330,756
541,071
2,191,497
2,703,741
Expenditures:
Current:
General government
25,359
-
49,129
74,488
146,199
Public safety
11,183
-
-
11,183
21,855
Public works
-
-
129,283
129,283
101,807
Parks and recreation
172,248
-
32,025
204,273
174,417
Housing and development
135,607
-
-
135,607
216,031
Capital outlay:
General government
-
-
46,588
Public safety
5,792
-
-
5,792
130,000
Public works
-
-
270,443
270,443
170,056
Debt service:
Principal
-
755,000
-
755,000
640,000
Interest
-
365,694
3,546
369,240
347,781
Paying agent fees
-
4,114
-
4,114
1,545
Professional service
2,703
-
2,703
1,142
Construction/acquistion costs
-
69,783
69,783
96,298
Total expenditures
350,189
1,127,511
554,209
2,031,909
2,093,719
Revenues over(under)expenditures
(30,519)
203,245
(13,138)
159,588
610,022
Other financing sources:
Bonds issued
22,057
-
22,057
40,428
Sale of capital assets
-
-
25,244
25,244
10,962
Transfers in
95,150
82,772
393,200
571,122
388,268
Transfers out
(145,000)
(172,772)
(317,772)
(72,356)
Total other financing sources
(49,850)
104,829
245,672
300,651
367,302
Net change in fund balance
(80,369)
308,074
232,534
460,239
977,324
Fund balance (deficit)- January 1
(17,110)
1,673,135
997,446
2,653,471
1,676,147
Fund balance(deficit)- December 31
($97,479)
$1,981,209
$1,229,980
$3,113,710
$2,653,471
98
NONMAJOR SPECIAL REVENUE FUNDS
The City's Special Revenue Funds are used to account for the proceeds of
specific revenue sources that are legally restricted to expenditures for
specified purposes. The City of St. Anthony, Minnesota had the following
Special Revenue Funds during the year:
Community Center Fund is used to account for the operation and maintenance
of City Hall and Community Services.
Police Forfeiture Fund is used to account for revenue and expenditures related
to the forfeiture of property.
Recycling Fund is used to account for the City's recycling program. It
incorporates the activities of both Hennepin and Ramsey Counties.
HRA Fund was established to oversee the commercial and residential
redevelopment activities in the community.
Fire Education / Training Fund was established to account for revenues and
expenditures related to training provided to police and fire personnel.
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100
CITY OF ST. ANTHONY, MINNESOTA
SUBCOMBINING BALANCE SHEET
r NONMAJOR SPECIAL REVENUE FUNDS
December 31, 2013
With Comparative Totals For December 31, 2012
Statement 14
f'
i
-
- -
- 49
129
Fire
-
21,528
- -
Community
Police
Committed
29,161
Education /
3,854 -
- 33,015
151,259
Center Food
Forfeiture
Recycling
HRA Fund
Training
Totals Nonmajor Special
Unassigned
601
Fund 230
Fund 225
301
Fund 240
Revenue Funds
36,559
28,741
3,854 (169,816)
3,183 (97,479)
(17,110)
Total liabilities, deferred inflows of
2013
2012
Assets
resources, and fund balance
$46,168
$28,741
$3,854 $443,471
$3,183 $525,417
Cash and investments
$46,119
$28,741
$3,854
$459
$3,183
$82,356
$196,360
Accrued interest
-
-
-
416
-
416
4
Due from other governments
-
-
-
339,000
-
339,000
-
Accounts receivable
-
-
-
99,259
-
99,259
92,075
Prepaid items
49
-
-
-
-
49
129
Property taxes receivable:
Delinquent
-
-
-
2,992
-
2,992
1,550
Due from county
-
-
-
1,345
-
1,345
756
Total assets
$46,168
$28,741
$3,854
$443,471
$3,183
$525,417
$290,874
Liabilities, Deferred Inflows of Resources, and Fund Balance
Liabilities:
Accounts payable
$8,916
$ -
$ -
$23,204
$ -
$32,120
$10,764
Interfund payable
-
-
-
244,677
-
244,677
289,793
Deposits Payable
-
-
-
339,000
-
339,000
-
Due to other governmental units
12
-
-
-
-
12
2,571
Salaries payable
681
-
-
3,414
-
4,095
3;306
Total liabilities
9,609
0
0
610,295
0
619,904
306,434
Deferred inflows of resources:
Unavailable revenue
-
-
-
2,992
-
2,992
1,550
Total deferred inflows of resources
0
0
0
2,992
0
2,992
1,550
Fund balance (deficit):
Nonspendable
49
-
- -
- 49
129
Restricted
-
21,528
- -
- 21,528
21,521
Committed
29,161
-
3,854 -
- 33,015
151,259
Assigned
7,349
7,213
- -
3,183 17,745
16,243
Unassigned
-
-
- (169,816)
- (169,816)
(206,262)
Total fund balance (deficit)
36,559
28,741
3,854 (169,816)
3,183 (97,479)
(17,110)
Total liabilities, deferred inflows of
resources, and fund balance
$46,168
$28,741
$3,854 $443,471
$3,183 $525,417
$290,874
101
i_
CITY OF ST. ANTHONY, MINNESOTA
SUBCOMBINING STATEMENT OF REVENUES, Statement 15
EXPENDITURES AND CHANGES IN FUND BALANCE
NONMAJOR SPECIAL REVENUE FUNDS
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Expenditures:
Fire
Community
Police
Education /
Center Fund
Forfeiture
Recycling
HRA Fund
Training
Totals Nonmajor Special
-
601
Fund 230
Fund 225
301
Fund 240
Revenue Funds
-
5,872
11,183
19,367
Parks and recreation
172,248
2013 2012
Revenues:
-
-
172,248
161,826
Housing and development
-
General property taxes
$ -
$ -
$ -
$148,665
$ -
$148,665 $109,905
Intergovernmental:
Local - other
-
5,792
17,340
-
-
17,340 36,677
Charges for services:
Total expenditures
172,248
11,103
25,359
135,607
5,872
Administrative fees
449,326
-
2,683
-
5,040
7,723 6,112
Rental receipts
125,000
-
-
-
-
125,000 125,000
Fines and Forfeits
-
11,110
-
-
-
11,110 29,131
Investment income
(842)
(124)
95,150
6,278
(17)
5,295 1.318
Refunds and reimbursements
-
-
-
675
-
675 83,408
Other
3,237
-
625
-
-
3,862 (17)
Total revenues
127,395
10,986
20,648
155,618
5,023
319,670 391,534
Expenditures:
Current:
General government
-
-
25,359
-
-
25,359
41,356
Public safety
-
5,311
-
-
5,872
11,183
19,367
Parks and recreation
172,248
-
-
-
172,248
161,826
Housing and development
-
-
135,607
-
135,607
216,031
Capital outlay:
Public safety
-
5,792
-
-
-
5,792
10,746
Total expenditures
172,248
11,103
25,359
135,607
5,872
350,189
449,326
Revenues over (under) expenditures
(44,853)
(117)
(4,711)
20,011
(849)
(30,519)
(57,792)
Other financing sources (uses):
Transfers in
70,150
-
25,000
-
-
95,150
68,150
Transfers out
(145,000)
-
-
(145,000)
Net change in fund balance
(119,703)
(117)
20,289
20,011
(849
(80,369)
10,358
Fund balance (deficit)- January 1
156,262
28,858
(16,435)
(189,827)
4,032
(17,110)
(27,468)
Fund balance(deficit)- December 31
$36,559
$28,741
$3,854
($169,816)
$3,183
($97,479)
102
NONMAJOR DEBT SERVICE FUNDS
The City's Debt Service Funds are used to account for the accumulation of
resources for, and payment of, interest, principal and related costs of long-term
debt other than proprietary fund debt. The City of St. Anthony, Minnesota had
the following nonmajor Debt Service Funds during the year.
Storm Water Fund was established to account for the debt service associated with
100 -Year Flood Protection and infrastructure improvements.
State Aid Street Fund accounts for debt service for road construction projects of
high traffic roads in the Village. Funding is provided by the State of Minnesota -
State Aid.
Tax Abatement Fund was established to account for debt service payments
associated with the improvements to City parks.
Silver Lake Road Bond Fund was established to account for the debt service
associated with the reconstruction and infrastructure improvements of Silver Lake
Road.
2009 Street Improvement Bond Fund was established to account for the debt
service associated with the reconstruction and infrastructure improvements to
Chandler Drive and Foss Road.
2010 Street Improvement Bond Fund was established to account for the debt
service associated with the reconstruction improvements to Silver Lane and the
overlay of portions of Old Highway 8 and Highcrest Road.
2011 Street Improvement Bond Fund was established to account for the debt
service associated with the reconstruction improvements to Belden Drive,
Coolidge Street, Harding Street and Edward Street. Sidewalk improvements along
39`n Ave are also included.
2012 Street Improvement Bond Fund was established to account for the debt
service associated with the reconstruction of Belden Drive and Coolidge Street
between 34th and 36th Avenues, 35th Avenue between Belden Drive and Harding
Street and miscellaneous sanitary sewer and stormwater repairs.
2013 Street Improvement Bond Fund was established to account for the debt
service associated with the reconstruction of Penrod Lane between 36th and 37th
Avenues, Chelmsford Road between 36th and 36th Avenues, Edgmere Avenue
between Penrod Lane and Chelmsford Road, and Wenhurst Avenue between
Penrod Lane and Chelmsford Road.
103
i_
CITY OF ST. ANTHONY, MINNESOTA
SUBCOMBINING BALANCE SHEET
NONMAJOR DEBT SERVICE FUNDS
December 31, 2013
With Comparative Totals For December 31, 2012
Storm Water State Aid Street Tax Abatement Silver Lake Road
Fund 703 Fund 207 Fund 502 Bond Fund 365
Assets
Cash and investments $147,981 $67,565 $217,755 $164,058
Property taxes receivable:
Delinquent - - 3,024 3,660
Due from county 1,279 1,548
Special assessments receivable - -
Total assets $147,981 $67,565 $222,058 $169,266
Liabilities, Deferred Inflows of Resources, and Fund Balance
Liabilities
Accounts payable $ $ $ _ $
Total liabilities 0 0 0 0
Deferred inflows of resources:
Unavailable revenue 3,024 3,660
Total deferred inflows of resources 0 0 3,024 3,660
Fund balance:
Restricted 147,981 67,565 219,034 165,606
Total liabilities, deferred inflows of
resources, and fund balance $147,981 $67,565 $222,058 $169,266
104
Statement 16
G
- 2009 Street
Improvement
Bond Fund 512
2010 Street
Improvement
Bond Fund 514
2011 Street
Improvement
Bond Fund 516
2012 Street
Improvement
Bond Fund 518
2013 Street
Improvement
Bond Fund 520
Totals Nonmajor Debt Service
Funds
2013
2012
$393,983
$161,469
$397,652
$308,424
$114,063
$1,972,950
$1,668,094
3,788
2,260
2,771
1,989
-
17,492
9,325
1,923
1,015
1,211
1,284
-
8,260
5,171
171,566
45,746
167,667
355,516
211,199
951,694
700,106
$571,260
$210,490
$569,301
$667,213
$325,262
$2,950,396
$2,382,696
0
$ $ - $ - $ $ - $ - $666
0 0 0 0 0 0 666
175,354 48,006 170,439 357,505 211,199 969,187 708,895
175,354 48,006 170,439 357,505 211,199 969,187 708,895
395,906 162,484 398,862 309,708 114,063 1,981,209 1,673,135
$571,260 $210,490 $569,301 $667,213 $325,262 $2,950,396 $2,382,696
105
CITY OF ST. ANTHONY, MINNESOTA
SUBCOMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCE
NONMAJOR DEBT SERVICE FUNDS
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Revenues:
General property taxes
Intergovernmental:
State:
MSA state aid
Local:
ISD - tax abatement
Special assessments
Charges for services
Investment income
Total revenues
Expenditures:
Debt service:
Principal
Interest
Paying agent fees
Professional service
Total expenditures
Revenues over (under) expenditures
Other financing sources:
Bonds issued
Transfers in
Transfers out
Total other financing sources (uses)
Net change in fund balance
Fund balance - January 1
Fund balance - December 31
Silver Lake
Storm Water Fund State Aid Street Tax Abatement Road Bond
703 Fund 207 Fund 502 Fund 365
$ - $ - $144,764 $175,242
63,600 - -
30,906
152,750 - - -
(321) (55) (546) (314)
152,429 63,545 175,124 174,928
135,000
65,000
125,000
105,000
10,875
4,575
47,076
60,581
65
28
377
2,400
-
500
41
145,940
69,603
172,953
168,022
6,489 (6,058)
71 6,906
541
$147,981 $67,565 $219,034 $165,606
106
0
0
0
541
6,489
141,492
(6,058)
73,623
2,171
216,863
7,447
158,1.59
$147,981 $67,565 $219,034 $165,606
106
Statement 17
- - - -
- 30,906
2011 Street
19,901 5,208 42,053 41,385
92,158 200,705
222,268
- - - -
2009 Street
2010 Street
Improvement
2012 Street
2013 Street
201,789 115,542 177,980 177,413
92,006 1,330,756
Improvement
Improvement
Bond Fund
Improvement
Improvement
Totals Nonmajor Debt Service
Bond Fund 512
Bond Fund 514
516
Bond Fund 518
Bond Fund 520
Funds
170,363
62,308
0 1,127,511
986,627
(22,597)
1,606
2013
2012
92,006 203,245
240,147
$183,256
$110,785
$137,016
$137,260
$
$888,323
$752,438
-
-
-
-
63,600
70,550
- - - -
- 30,906
30,906
19,901 5,208 42,053 41,385
92,158 200,705
222,268
- - - -
- 152,750
150,735
(1,368) (451) (1,089) (1,232)
(152) (5,528)
(123)
201,789 115,542 177,980 177,413
92,006 1,330,756
1,226,774
145,000
75,000
105,000
-
- 755,000
640,000
78,343
37,836
64,325
62,083
- 365,694
343,940
393
450
297
104
- 4,114
1,545
650
650
741
121
- 2,703
1,142
224,386
113,936
170,363
62,308
0 1,127,511
986,627
(22,597)
1,606
7,617
115,105
92,006 203,245
240,147
- 22,057 22,057 40,428
1 82,230 - 82,772 21,734
- - - - (15,845)
1 0 82,230 0 22,057 104,829 46,317
(22,596) 1,606 89,847 115,105 114,063 308,074 286,464
418,502
160,878
309,015
194,603
- 1,673,135
1,386,671
$395,906
$162,484
$398,862
$309,708
$114,063 $1,981,209
$1,673,135
C
0
u
107
i
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108
L
NONMAJOR CAPITAL PROJECT FUNDS
The City's Capital Project Funds account for financial resources to be used for the
acquisition or construction of major capital facilities (other than those financed by
Proprietary Funds). The City of St. Anthony, Minnesota had the following
Capital Project Funds during the year:
Revolving Improvement Fund was established to provide funding for smaller
improvement projects.
Park Improvement Fund accounts for the revenues and expenditures associated
with the renovations and refurbishing of the City's park system.
Silver Lake Village Park Fund was established to account for the construction and
improvements to the City's park located in Silver Lake Village. The Park is
named "Salo Park" which is in honor of St. Anthony's sister city (Salo, Finland).
Silver Lake Road Project Fund was established to account for the funding and
costs of reconstruction for Silver Lake Road from 37`h Avenue NE to St. Anthony
Boulevard.
Capital Equipment Fund is used by all City Departments and accounts for the
annual purchases of capital equipment.
Building Improvement Fund was established to provide funding for existing City
owned building improvements and renovations.
2009 Street Improvement Project Fund accounts for the construction costs
associated with the reconstruction of Foss Road from Chandler Drive to the City
limits.
2011 Street Improvement Project Fund accounts for the street reconstruction and
lighting improvements to Belden Drive, Coolidge Street, Harding Street and
Edward Street. Sidewalk improvements will occur on 39th Avenue from
Macalaster Drive to Silver Lake Road.
Storm Water Improvement Fund was established to account for the construction
costs associated with the 100 -Year Flood Protection Project and related flooding
issues.
109
CITY OF ST. ANTHONY, MINNESOTA
SUBCOMBINING BALANCE SHEET
NONMAJOR CAPITAL PROJECT FUNDS
December 31, 2013
With Comparative Totals For December 31, 2012
Assets
Cash and investments
Due from other governmental units
Property taxes receivable:
Delinquent
Due from county
Special assessment receivable
Total assets
Revolving
Improvement 509
$869,161
39,303
39,637
Park Improvement Silver Lake Village
501 Park 350
$221,952 $12,697
$948,101 $221,952 $12,697
Liabilities, Deferred Inflows of Resources, and Fund Balance
Liabilities:
Accounts payable $5,070
Contracts payable -
Interfund loan payable 61,820
Due to other governments -
Total liabilities 66,890
Deferred inflows of resources:
Unavailable revenue
Total deferred inflows of resources
Fund balance (deficit):
Assigned
Unassigned
Total fund balance (deficit)
Total liabilities, deferred inflows
of resources, and fund balance
110
39,637
39,637
$ $14,964
0 14,964
0
841,574 221,952
- - (2,267)
841,574 221,952 (2,267)
$948,101 $221,952 $12,697
Statement 18
Building
Capital Equipment Improvement Fund Storm Water
Fund 401 510 Improvement 702 Totals Nonmajor Capital Project Funds
2013 2012
$23,300 $118,816
$33,889 $1,279,815
$1,186,870
11,184 -
46,344 96,831
860
712
- 712
1
446
446
1
- -
- 39,637
43,514
$35,642 $118,816
$80,233 $1,417,441
$1,231,246
$15,912
$
$26,850
$62,796
$7,941
21,683
-
21,683
114,925
-
61,820
67,440
813
-
813
-
38,408
0
26,850
147,112
190,306
712
-
40,349
43,494
712
0
0
40,349
43,494
118,816
53,383
1,235,725
1,020,628
(3,478)
-
(5,745)
(23,182)
(3,478)
118,816
53,383
1,229,980
997,446
$35,642
$118,816
$80,233
$1,417,441
$1,231,246
N
e
k_
CITY OF ST. ANTHONY, MINNESOTA
SUBCOMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCE
NONMAJOR CAPITAL PROJECT FUNDS
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Revolving
Park
Silver Lake
Silver Lake
Improvement
Improvement
Village Park
Road Project
509
501
350
Fund 360
Revenues
General property taxes
$ $ $ $
Intergovernmental:
General government:
State - Municipal state aid
Transfers in
State - other
2,000
Other - local participation
23,875
Special assessments
6,150
Charges for services:
Service charges
174,000 -
Investment income
(4,090) (432) (267) (3)
Contributions and donations
- - -
Refunds and reimbursements
15,428
Other
169,500 -
Total revenues
212,863 173,568 (267) (3)
Expenditures:
General government:
Transfers in
Materials and supplies
Capital outlay
-
- - -
Public safety:
(541)
Materials and supplies
-
- - -
Capital outlay
-
- - -
Public works:
0
0
Materials and supplies
-
- 135 -
Contractual services
32,052
- - -
Capital outlay
-
- - -
Parks and recreation:
544
Fund balance (deficit) - December 31
Materials and supplies
-
32,025 - -
Debt service:
112
Interest
3,546
- - -
Construction/acquistion costs
- 59,258 -
Total expenditures
35,598
32,025 59,393 0
Revenues over(under)expenditures
177,265
141,543 (59,660) (3)
Other financing sources:
Transfers in
-
Transfers out
(90,000)
(541)
Sale of capital assets
Total other financing sources
(90,000)
0
0
(541)
Net change in fund balance
87,265
141,543
(59,660)
(544)
Fund balance (deficit) - January 1
754,309
80,409
57,393
544
Fund balance (deficit) - December 31
$841,574
$221,952
($2,267)
$0
112
Statement 19
t
145,000
-
978,776
-
-
2009 Street
2011 Street
Capital
Building
Improvement
Improvement Storm Water
Equipment
Improvement
Project Fund
Project Fund Improvement Totals Nonmajor Capital Project
Fund 401
Fund 510
511
515 702 Funds
-
(8) (513) (109)
(5,422)
2013 2012
$49,256
$ -
$
$ $ $49,256 $ -
49,129
145,000
-
978,776
-
-
2,000
8,000
3,000
59,164
86,039
-
-
-
6,150
5,987
-
- 30,543
204,543
84,822
-
(8) (513) (109)
(5,422)
(149)
13,434
- -
13,434
500
-
680,502
15,428
-
142
1 -
169,643
7,497
65,832
(8) 1 (513) 89,598
541,071
1,085,433
49,129
145,000
49,129
104,843
-
298,384
-
46,588
(1) (82,230)
(172,772)
2,488
25,244
-
-
119,254
-
9,934
10,069
5,865
- 27,998
59,164
119,214
95,942
270,443 -
116,994
270,443
170,056
-
680,502
32,025
12,591
93,268
-
3,546
3,841
($3,478)
10,525 -
69,783
96,298
319,572 27,998
0 10,525 69,098
554,209
657,766
(253,740) (28,006)
1 (11,038) 20,500
(13,138)
427,667
248,200
145,000
393,200
298,384
-
-
(1) (82,230)
(172,772)
(56,511)
25,244
-
-
25,244
10,962
273,444
145,000
(1) (82,230)
0
245,672
252,835
1.
19,704
116,994
0 (93,268)
20,500
232,534
680,502
(23,182)
1,822
93,268
32,883
997,446
316,944
($3,478)
$118,816
$0 $0
$53,383
$1,229,980
$997,446
113
CITY OF ST. ANTHONY, MINNESOTA
SPECIAL REVENUE FUND - 601 COMMUNITY CENTER FUND Statement 20
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL
For The Year Ended December 31, 2013
With Comparative Actual Amounts For The Year Ended December 31, 2012
Revenues:
Charges for services:
Rental receipts
Investment income
Other
Total revenues
Expenditures:
Parks and recreation:
Current:
Personal services
Supplies
Contractual services
Total expenditures
Revenues over(under)expenditures
Other fmancing sources:
Transfer in
Transfer out
Net change in fund balance
Fund balance - January 1
Fund balance - December 31
2013
Budgeted Amounts
Original Final Actual
$125,000 $125,000 $125,000
336 336 (842)
- - 3,237
125,336 125,336 127,395
2012
Actual
$125,000
(18)
124,982
13,801
13,801
13,902
13,055
675
675
179
665
162,976
169,887
158,167
148,106
177,452
184,363
172,248
161,826
(52,116)
(59,027)
(44,853)
(36,844)
70,150
70,150
70,150
68,150
(145,000)
(145,000)
(145,000)
($126,966)
($133,877)
(119,703)
31,306
114
156,262 124,956
$36,559 $156,262
CITY OF ST. ANTHONY, MINNESOTA
SPECIAL REVENUE FUND - 230 POLICE FORFEITURE FUND Statement 21
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2013
With Comparative Actual Amounts For The Year Ended December 31, 2012
Revenues:
Intergovernmental revenue
Forfeiture and confiscation
Investment income
Total revenues
Expenditures:
Public safety:
Current:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over(under)expenditures
Fund balance - January 1
Fund balance - December 31
k
L
2013
Budgeted Amounts
Original Final Actual
2012
Actual
$2,000 $2,000 $ - $1,552
20,000 20,000 11,110 29,131
25 25 (124) (4)
22,025 22,025 10,986 30,679
-
-
2,703
775
10,000
10,000
2,608
13,922
8,500
8,500
-
-
1,000
1,000
5,792
10,746
19,500
19,500
11,103
25,443
$2,525
$2,525
(117)
5,236
28,858
23,622
115
$28,741 $28,858
CITY OF ST. ANTHONY, MINNESOTA
SPECIAL REVENUE FUND - 225 RECYCLING FUND Statement 22
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2013
With Comparative Actual Amounts For The Year Ended December 31, 2012
Revenues:
Intergovernmental:
Hennepin County recycling grant
Charges for services
Other
Total revenues
Expenditures:
General government:
Current:
Personal services
Other services and charges
Total expenditures
Revenues over(under)expenditures
Other financing sources:
Transfer in
Net change in fund balance
Fund balance (deficit) - January 1
Fund balance (deficit) - December 31
2013
1,507
472
Budgeted Amounts
20,810
2012
Original Final
Actual
Actual
$17,500 $17,500
$17,340
$35,125
1,800 1,800
2,683
1,613
- -
625
-
19,300 19,300
20,648
36,738
1,507
1,507
472
1,630
20,810
20,810
24,887
39,726
22,317
22,317
25,359
41,356
($3,017)
($3,017)
(4,711)
(4,618)
25,000
25,000
25,000
$21,983
$21,983
20,289
(4,618)
116
(16,435) (11,817)
$3,854 ($16,435)
CITY OF ST. ANTHONY, MINNESOTA
SPECIAL REVENUE FUND - 301 HRA FUND Statement 23
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2013
With Comparative Actual Amounts For The Year Ended December 31, 2012
Revenues:
General property taxes
Investment income
Refunds and reimbursements
Other
Total revenues
Expenditures:
Housing and redevelopment:
Current:
Personal services
Contractual services
Total expenditures
Revenues over(under)expenditures
Fund balance (deficit) - January I
Fund balance (deficit) - December 31
91,826
2013
89,500
89,500
Budgeted Amounts
181,326
2012
Original
Final
Actual
Actual
$150,585
$150,585
$148,665
$109,905
2,500
2,500
6,278
559
35,000
35,000
675
83,408
(17)
188,085
188,085
155,618
193,855
91,826
91,826
89,500
89,500
181,326
181,326
(189,827)
$6,759
$6,759
117
L-
85,383
50,224
86,066
129,965
135,607
216,031
20,011
(22,176)
(189,827)
(167,651)
($169,816) ($189,827)
CITY OF ST. ANTHONY, MINNESOTA
SPECIAL REVENUE FUND - 240 FIRE EDUCATION / TRAINING FUND Statement 24
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2013
With Comparative Actual Amounts For The Year Ended December 31, 2012
Revenues:
Charges for services
Investment income
Total revenues
Expenditures:
Public safety:
Current:
Personal services
Materials and supplies
Other
Total expenditures
Revenues over expenditures
Fund balance - January 1
Fund balance - December 31
2013
Budgeted Amounts 2012
Original Final Actual Actual
$4,750 $4,750 $5,040 $4,499
250 250 (17) 781
5,000 5,000 5,023 5,280
4,315
4,315
560
560
25
25
4,900
4,900
$100
$100
118
4,378 4,091
1,494 579
5,872 4,670
(849) 610
4,032 3,422
$3,183 $4,032
{r
CITY OF ST. ANTHONY, MINNESOTA
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUND
( For The Year Ended December 31, 2013
Statement 25
r
Balance
Balance
January 1,
December 31,
2013
Additions
Deletions
2013
r Developer Deposits
Assets:
Cash and investments
($1,546)
$1,546
($7,234)
($7,234)
Accounts receivable - net
1,546
7,234
(1,546)
7,234
Total assets
$ -
$7,234
($8,780)
$ -
Liabilities:
Deposits payable
$ -
$
$
$ -
This page intentionally left blank -
120
SUPPLEMENTARY FINANCIAL INFORMATION
121
CITY OF ST. ANTHONY, MINNESOTA
BALANCE SHEET
HRA DEBT SERVICE FUND
December 31, 2013
With Comparative Totals For December 31, 2012
G.O. Tax
Increment
Exhibit 1
Liabilities:
1996A Apache Public Facilities
TIF Revenue
TIF Revenue
Interfund loan payable $
(Cub Foods) Revenue Bonds
Bonds2006
Bonds 2007
$ -
$437,430
Total liabilities 0
325 311/312
335
336
HRA Debt Service Fund Totals
437,430
Deferred inflows of resources:
2013
2012
Assets
Unavailable revenue -
8,049
-
-
8,049
Cash and investments
$ $584,045
$1626
$2,065
$588,736
$547,126
Funds held in trust
Fund balance:
-
-
-
510,097
Accrued interest receivable
- -
-
-
-
4
Property taxes receivable:
Total liabilities, deferred inflows of
Delinquent
- 8,049
-
-
8,049
5,279
Due from county
- 3,311
-
-
3,311
2,814
Total assets
$0 $595,405
$2,626
$2,065
$600,096
$1.065,320
Liabilities, Deferred Inflows of
Resources, and Fund Balance
Liabilities:
Interfund loan payable $
$ -
$
$
$ -
$437,430
Total liabilities 0
0
0
0
0
437,430
Deferred inflows of resources:
Unavailable revenue -
8,049
-
-
8,049
5,279
Total deferred inflows of resources 0
8,049
0
0
8,049
5,279
Fund balance:
Restricted -
587,356
2,626
2,065
592,047
622,611
Total liabilities, deferred inflows of
resources, and fund balance $0
$595,405
$2.626
$2,065
$600,096
$1,065,320
122
CITY OF ST. ANTHONY, MINNESOTA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES Exhibit 2
IN FUND BALANCE
HRA DEBT SERVICE FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Revenues:
General properly taxes
Investment income
Total revenues
Expenditures:
Debt service:
Principal
Interest and other
Paying agent fees
Professional service
Bond issuance costs
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses)
G.O. Tax
115,000
110,000
710,000
Increment
4,750 100,967
246,425
208,655
Bonds
555,286
- 4,185
2,300
1,050
Public
7,521
- -
-
Facilities
-
1,075
1996A
Revenue TIF Revenue
TIF Revenue
-
Apache (Cub
Bonds Bonds 2006
Bonds 2007
319,705
Foods) 325
311/312 335
336 HRA Debt Service Fund Totals
2013
2012
$ -
$374,868 $ -
$ - $374,868
$405,739
-
(3,546) -
- (3,546)
4
0
371,322 0
0 371,322
405,743
190,000 295,000
115,000
110,000
710,000
620,000
4,750 100,967
246,425
208,655
560,797
555,286
- 4,185
2,300
1,050
7,535
7,521
- -
-
-
-
1,075
- -
-
-
-
57,024
194,750 400,152
363,725
319,705
1,278,332
1,240,906
(194,750) (28,830) (363,725) (319,705) (907,010) (835,163)
Refunding bonds issued - - - - - 3,995,000
Payment to refund bond escrow agent - - - - - (4,015,373)
Premium on debt issued - - - - - 78,083
Transfers in 193,050 - 363,696 319,700 876,446 875,866
Total other financing sources (uses) 193,050 0 363,696 319,700 876,446 933,576
Net change in fund balance (1,700) (28,830) (29) (5) (30,564) 98,413
Fund balance -January1
1,700
616,186
2,655
2,070
622,611
524,198
Fund balance - December 31
$0
$587,356
$2,626
$2.065
$592,047
$622,611
123
L.
CITY OF ST. ANTHONY, MINNESOTA
BALANCESHEET
HRA PROJECTS FUND
December 31, 2013
With Comparative Totals For December 31, 2012
Assets
Cash and investments
Funds held in trust
Interfund loan receivable
Property taxes receivable:
Delinquent
Due from county
Funds held by others
Total assets
Liabilities, Deferred Inflows of
Resources, and Fund Balance
Liabilities:
Accounts payable
Interfund payable
Deposits payable
Interfund loans payable
Due to other governments
Total liabilities
Deferred inflows of resources:
Unavailable revenue
Total deferred inflows of resources
Fund balance (deficit):
Restricted
Committed
Unassigned
Total fund balance (deficit)
Total liabilities, deferred inflows of
resources, and fund balance (deficit)
Tax Increment Financing Districts
Apache
Chandler Apache (Wal- (Cub Foods)
Place 321 Mart) 330 326
$ - $1,294,733 $462,869
646,949 - 722,566
- 40,539 -
8,114
Exhibit 3
HRA
Directed
Projects
319/320 Eliminations HRA Projects Fund Total
2013 2012
$ - $ - $1,757,602 $1,683,511
696
(1,369,515) - -
40,539 32,667
- - 8,114 6,791
61,049 - 61,049 70,925
$646,949 $1,343,386 $1,185,435 $61,049 ($1,369,515) $1,867,304 $1,794,590
$ - $208,367
$ - $ - $ -
$208,367
$1,737
99 -
- 121,354 -
121,453
118,871
- -
- - -
-
2,483
- 2,328,841
- - (1,369,515)
959,326
922,429
2,454
370
2,824
99 2,539,662
370 121,354 (1,369,515)
1,291,970
1,045,520
40,539 40,539 32,667
0 40,539 0 0 0 40,539 32,667
646,850 - 1,185,065 - - 1,831,915 1,696,601
- - - 61,049 - 61,049 70,925
(1,236,815) (121,354) (1,358,169) (1,051,123)
646,850 (1,236,815) 1,185,065 (60,305) 0 534,795 716,403
$646,949 $1,343.386 $1.185,435 $61,049 ($1,369,515) $1,867,304 $1,794,590
124
CITY OF ST. ANTHONY, MINNESOTA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES Exhibit 4
IN FUND BALANCE
HRA PROJECTS FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Revenues:
Tax increment collections
Investment income
Total revenues
Expenditures:
General government:
Other
Housing and redevelopment
Debt service:
Interest
Paying agent fees
Developer incentives
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Transfers out
Net change in fund balance
Tax Increment Financing
Districts
HRA
Directed
Chandler
Apache (Wal-
Apache (Cub
Projects
Place 321
Mart) 330
Foods) 326
319/320
HRA Projects Fund Totals
2013
2012
$ -
$1,114,820
$283,180
$ -
$1,398,000
$1,364,881
24,878
(6,965)
25,589
-
43,502
50,387
24,878
1,107,855
308,769
0
1,441,502
1,415,268
- 16,274 - - 16,274 18,542
1,900 - 2,687 9,876 14,463 24,066
89,571 - - 89,571 86,125
- - 1,000
415,233 - - 415,233 409,007
1,900 521,078 2,687 9,876 535,541 538,740
22,978 586,777 306,082 (9,876) 905,961 876,528
(683,396) (193,050) (876,446) (875,866)
22,978 (96,619) 113,032 9,876 29,515 662
Fund balance - January 1, as previously reported 623,872 (929,073) 1,072,033 (50,429) 716,403 776,143
Prior period adjustment - (211,123) - - (211,123) (60,402)
Fund balance - January 1, as restated 623,872 (1,140,196) 1,072,0335( 0,429) 505,280 715,741
Fund balance (deficit) - December 31 $646,850 ($1,236,815) $1,185,065 $60,305 $534,795 $716,403
125
CITY OF ST. ANTHONY, MINNESOTA
SCHEDULE OF REVENUES, EXPENSES AND CHANGES Exhibit 5
FUND NET POSITION
WATER AND SEWER ENTERPRISE FUND
For The Year Ended December 31, 2013
With Comparative Totals For The Year Ended December 31, 2012
Operations
704 Water Filtration Totals
701 Water and Purification 701 Sewer 2013 2012
Operating revenues:
Charges for services $880,851
Connection charges 52,200
Total operating revenues 933,051
Operating expenses:
Personal services
Supplies
Contracted services and other
Treatment charges (MCES)
Other
Depreciation
Total operating expenses
Operating income (loss)
$ $849,032 $1,729,883 $1,786,218
98,600 150,800 49,400
0 947,632 1,880,683 1,835,618
379,446
72,700
251,589
703,735
747,923
(640)
44,539
15,055
58,954
99,669
91,004
6,840
38,632
136,476
94,864
-
-
588,795
588,795
580,277
161,363
426
43,664
205,453
213,316
161,939
-
81,686
243,625
256,038
793,112
124,505
1,019,421
1,937,038
1,992,087
Nonoperating revenues (expenses):
Investment income
Interest expense
Fees and cost of issuance
Miscellaneous income
Total nonoperating revenues (expenses)
Income (loss) before capital
contributions and transfers
Capital contributions and transfers:
Capital contributions
Transfers out
Change in net position
Net position - January 1, as originally reported
Prior period adjustment
Net position - January 1, as restated
Net position - December 31
$139,939 ($124,505) ($71,789) (56,355) (156,469)
126
53,269
122,827
(29,102)
(64,717)
(36,898)
(350)
2,740
8,708
(9,991)
66,468
(66,346) (90,001)
1,348,238
(100,000) (100,000)
1,181,892
(190,001)
8,150,281
8,241,812
-
98,470
8,150,281
8,340,282
$9,332,173
$8,150,281
III. STATISTICAL SECTION (UNAUDITED)
This part of the City of St. Anthony, Minnesota's Comprehensive Annual Financial
Report presents detailed information as a context for understanding what the information
in the financial statements, note disclosures and required supplementary information says
about the City of St. Anthony, Minnesota's overall financial health.
Contents
Financial Trends
Page
These tables contain trend information to help the reader understand how 128-133
the City's financial performance and well-being have changed over time.
Revenue Capacity
These tables contain information to help the reader assess the City's most 134-137
significant local revenue source, the property tax.
Debt Capacity
These tables present information to help the reader assess the affordability 138-145
of the City's current levels of outstanding debt and the City's ability to issue
additional debt in the future.
Demographic and Economic Information
These tables offer demographic and economic indicators to help the reader 146-147
understand the enviornment within which the City's financial activities take
place.
Operating Information
These tables contain service and infrastructure data to help the reader 148-153
understand how the information in the City's financial report relates to the
services the City provides and the activities it performs.
Sources: Unless otherwise noted, the information in these tables is derived from the
comprehensive financial reports for the relevant year.
Comparable GASB Statement 34 information is available for years beginning in 2005;
the City has chosen to provide information for that year forward. Ultimately, these tables
will contain information for the last ten years.
L 127
CITY OF ST. ANTHONY, MINNESOTA
CHANGES IN NET POSITION
Last Nine Fiscal Years
(Aurnal Basis of Accounting)
Table 2
Page 2 of 2
General revenues and other changes in
net position:
78,638
74,764
Fiscal Year
6,833
(336)
52,659
2006
2006 2007
2008
2009 2010
2011
2012 2013
Net (expense) revenue:
10,353
3,454
3,976
17,569
66,478
Taxes:
Governmental activities
($2,726,203)
($7,091,452) ($9,402,701)
($4,570,842)
($7,086,587) ($6,009,477)
($6,051,940)
($5,940,229) ($6,562,842)
Business -type activities
344,609
304,828 577,568
351,025
262,493 258,443
85,228
298,870 305,979
Total primary government
$4,750,440
$4,872,840
$5,408,188
$5,703,707
Tax increment collections
410,968
net (expense) revenue
(2,381,594)
(6,786,624) (8,825,133)
(4,219,817)
(6,824,094) (5,751,034)
(5,966,712)
(5,641,359) (6,256,863)
General revenues and other changes in
net position:
78,638
74,764
18,985
6,833
(336)
52,659
122,833
51,593
Governmental activities:
499
12,490
18,303
17,089
10,353
3,454
3,976
17,569
66,478
Taxes:
(348,250)
(485,000) (580,356)
1,514,827
(319,871)
(478,000)
(595,200)
(610,000)
809,238
Total business -type activities
Property taxes
$3,464,453
$3,668,503
$3,968,436
$4,118,365
$4,442,708
$4,750,440
$4,872,840
$5,408,188
$5,703,707
Tax increment collections
410,968
851,309
1,477,929
1,753,559
1,952,704
1,807,388
1,746,766
1,335,674
1,405,872
Grants and contributions
124,309
94,470
159,741
88,291
20,918
22,827
24,673
10,639
26,384
Unrestricted investment earnings
358,571
514,440
698,345
403,426
208,761
224,693
6,803
55,206
25,914
Other
214,859
96,837
77,745
36,365
16,103
61,866
148,500
208,525
389,785
Gain on sale of capital assets
-
8,730
-
-
3,981
-
-
46,195
-
Tmnsfers
348,250
485,000
580,356 (1,514,827)
319,871
478,000
595,200
610,000
(809,238)
Total governmental activities
4,921,410
5,719,289
6,962,552
4,885,179
6,965,046
7,345,214
7,394,782
7,674,427
6,742,424
Business -type activities
Unrestricted investment earnings
44,410
78,638
74,764
18,985
6,833
(336)
52,659
122,833
51,593
Other
499
12,490
18,303
17,089
10,353
3,454
3,976
17,569
66,478
Transfers
(348,250)
(485,000) (580,356)
1,514,827
(319,871)
(478,000)
(595,200)
(610,000)
809,238
Total business -type activities
(303,341)
(393,872) (487,289)
1,550,901
(302,685)
(474,882)
(538,565)
(469,598)
927,309
Total primary government
$4,618,069
$5,325,417
$6,475,263
$6,436,080
$6,662,361
$6,870,332
$6,856,217
$7,204,829
$7,669,733
Change in net position:
Governmental activities
$2,195,207
($1,372,163)
($2,440,149)
$314,337
($121,541)
$1,335,737
$1,342,842
$1,734,198
$179,582
Business -type activities
41,268
(89,044)
90,279
1,901,926
(40,192)
(216,439)
(453,337)
(170,728)
1,233,288
Total primary government
$2,236,475
($1,461,207)
($2,349,870)
$2,216,263
($161,733)
$1,119,298
$889,505
$1,563,470
$1,412,870
Comparable GASB Statement 34 information is available for years beginning in 2005; the City has chosen to provide
information for that year forward. Ultimately, this table will contain information for ten years.
.o In 2011 the Water Filtration and Purification fund was reclassified to the Water and Sewer Proprietary Fund.
'2'In 2013, services to other cities were reclassified to public safety expense.
Note: GASB 65 was implemented in 2013. Governmental activity expenses were restated for 2012 to reflect the expensing of bond issuance costs
in the year of issuance. Expenses for years prior to 2012 were not restated.
130
( CITY OF ST. ANTHONY, MINNESOTA
FUND BALANCES- GOVERNMENTAL FUNDS Table
Last Nine Fiscal Years
j (Modified Accrual Basis of Accounting)
All other governmental funds:
Reserved $5,537,424 $5,564,131 $4,116,654 $3,595,470 $6,264,349 $4,625,111 S - $ - $ -
Unreserved, reported in:
Special revenue funds 5,399,955 5,335,977 5,650,265 5,576,157 5,329,291 5,212,683 - - -
Capital projects funds 894,116 1,500,372 695,197 967,355 314,789 243,408 - - -
Nonspendable - - - - - - 132 129 49
Restricted - - - - - - 6,868,120 8,594,337 2,002,737
Committed - - - - - - 210,953 222,184 33,015
Assigned - - - - - - 763,667 1,344,529 1,253,470
Unassigned - - (1,240,578) (1,473,482) (175,561)
Total all other
governmental funds $11,831,495 $12,400,480 $10,462,116 $10,138982 $11,908,429 $10,081,202 $6,602,294 $8,687,697 $3,113,710
Comparable GASB Statement 34 information is available for years beginning in 2005; the City has chosen to provide
minimization for that year forward. Ultimately, this table will contain information for ten years.
Note:
The City implemented GASB Statement No. 54 for the fiscal year ended December 31, 2011, resulting in significant reclassification
of the components of fund balances.
131
Fiscal Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
General Fund:
Reserved
$39,805
$44,852
546,543
$51,205
$53,849
$57,430
$ -
$ -
$ -
Unreserved
1,147,914
1,237,373
1,391,816
1,389,299
1,471,584
1,567,270
-
-
-
Nonspendable
-
-
-
-
-
-
55,271
681481
74,049
Unassigned
1,647,566
1,906,856
2,074,490
Total general fund
$1,187,719
$1,282,225
$1,438,359
$1,440,504
$1,525,433
$1,624,700
$1,702,837
$1,975,337
$2,148,539
All other governmental funds:
Reserved $5,537,424 $5,564,131 $4,116,654 $3,595,470 $6,264,349 $4,625,111 S - $ - $ -
Unreserved, reported in:
Special revenue funds 5,399,955 5,335,977 5,650,265 5,576,157 5,329,291 5,212,683 - - -
Capital projects funds 894,116 1,500,372 695,197 967,355 314,789 243,408 - - -
Nonspendable - - - - - - 132 129 49
Restricted - - - - - - 6,868,120 8,594,337 2,002,737
Committed - - - - - - 210,953 222,184 33,015
Assigned - - - - - - 763,667 1,344,529 1,253,470
Unassigned - - (1,240,578) (1,473,482) (175,561)
Total all other
governmental funds $11,831,495 $12,400,480 $10,462,116 $10,138982 $11,908,429 $10,081,202 $6,602,294 $8,687,697 $3,113,710
Comparable GASB Statement 34 information is available for years beginning in 2005; the City has chosen to provide
minimization for that year forward. Ultimately, this table will contain information for ten years.
Note:
The City implemented GASB Statement No. 54 for the fiscal year ended December 31, 2011, resulting in significant reclassification
of the components of fund balances.
131
CITY OF ST. ANTHONY, MINNESOTA
CHANGES IN FUND BALANCES- GOVERNMENTAL FUNDS
Last Nine Fiscal Years
(Modified Accrual Basis of Accounting)
Table 4
Page 1 of 2
Expenditures:
Fiscal Year
Current:
2005
2006
2007
2008
2009
2010
201111
2012
201316
Revenues:
776,110
952,291
945,295
1,076,699
1,017,405
1,170,630
883,478
1,059,361
836,190
General property taxes
$3,430,286
$3,649,764
$3,957,749
$4,097,493
$4,407,221
$4,787,076
$4,877,268
$5,416,328
$5,657,416
Tax increment collections
410,968
851,309
1,469,532
1,682,549
1,903,840
1,911,678
1,708,873
1,364,881
1,398,000
Licenses, fees and permits
548,972
244,170
213,842
247,878
358,381
224,096
195,563
290,985
342,390
Intergovernmental
1,201,555
954,911
706,080
2,039,592
1,430,366
1,239,053
861,744
1,530,983
792,477
Special assessments
1,548,836
589,812
441,327
385,197
506,262
398,895
517,678
427,467
587,191
Charges for services
1,057,781
1,113,298
1,403,419
1,451,925
1,519,427
1,528,210
1,573,975
1,736,274
1,930,527
Cable franchise fees
69,577
70,737
85,162
92,606
92,309
92,786
96,608
101,403
104,089
Fines and forfeits
101,273
135,960
164,788
139,421
122,870
128,165
117,835
130,560
129,363
Investment income
354,749
507,615
689,428
400,038
184,053
224,598
6,792
55,201
25,938
Contributions and donations
-
6,300
37,100
3,950
3,450
2,834
610
2,778
16,134
Miscellaneous
540,229
511,851
404,611
186,449
53,354
708,181
148,500
194,052
375,719
Total revenues
9,264,226
8,635,727
9,573,038
10,727,098
10,581,533
11,245,572
10,105,446
11,250,912
11,359,244
Expenditures:
Current:
General government
776,110
952,291
945,295
1,076,699
1,017,405
1,170,630
883,478
1,059,361
836,190
Public safety
2,119,568
2,255,783
2,165,891
2,446,434
2,654,708
2,615,752
2,700,328
2,671,890
4,174,754
Public works
772,565
759,254
809,751
679,269
761,530
726,064
684,761
818,851
1,042,876
Parks and recreation
1,467,289
783,791
428,341
394,673
401,787
388,808
366,153
344,702
420,826
Services to other cities
606,952
649,625
911,419
940,807
1,026,842
1,016,479
1,039,009
1,039,504
-
Nondepartmental
5,228
1,501
48,735
23,387
6,798
6,940
22,283
160,513
56,117
Housing and redevelopment
424,273
439,422
173,098
212,583
191,608
183,513
227,921
240,097
150,070
Capital outlay:
General government
572
6,389
125
-
-
-
12,661
46,588
8,157
Public safety
139,648
229,174
12,993
-
-
67,850
152,405
130,000
5,792
Public works
31,040
21,056
316,264
318,668
271,459
212,029
112,158
170,056
270,443
Parks and recreation
-
19,712
-
-
-
-
-
Debt service:
Principal retirement
1,495,000
4,765,000
2,195,000
2,305,000
1,970,000
4,255,000
3,120,000
4,255,000
4,245,000
Interest
997,352
1,022,069
1,313,578
1,450,248
1,369,280
1,392,608
1,271,549
1,299,266
1,308,344
Paying agent fees
14,386
9,373
11,501
10,601
9,519
8,763
11,582
18,811
16,387
Professional service
16,097
9,140
1,901
5,080
5,077
3,117
30,109
3,480
6,682
Issuance costs
-
-
208,545
-
49,420
-
67,278
132,217
66,035
Constructionlacquisition costs
2,901,864
2,108,395
5,366,376
3,419,607
4,789,180
2,420,767
1,953,923
2,253,448
1,618,986
Developer incentives
-
2,769,938
3,592,385
323,485
443,092
470,632
444,013
409,007
415,233
District decertified - repayment
of tax increments
36,580
Total expenditures
11,767,944
16,838,493
18,501,198
13,606,541
14,967,705
_ 14,938,952
13,099,611
15,052,791
14,641,892
Revenues over (under) expenditures (2,503,718) (8,202,766) (8,928,160) (2,879,443) (4,386,172) (3,693,380) (2,994,165) (3,801,879) (3,282,648)
132
CITY OF ST. ANTHONY, MINNESOTA
CHANGES IN FUND BALANCES- GOVERNNffiNTAL FUNDS Table
Last Eight Fiscal Years Page 2 of 2
( (Modified Accrual Basis of Accounting)
r Fiscal Year
2005 2006 2007 2008 2009 2010 2011 2012 2013
Other financing sources(uses):
Bonds issued $1,695,000 $8,165,000 $6,690,000 $1,910,000 $3,965,000 $1,375,000 $1,940,000 $2,195,000 $1,775,000
I Refunding bonds issued - - - - 2,855,000 - 3,225,000 7,300,000 -
Redemption ofrefunded bonds - - - - (1,210,000) - (1,030,000) - -
Paymenttorefunded bond escrow agent - - - - - - - (4,015,373) -
Premium on debt issued - 30,669 - 8,749 140,492 402 105,598 190,221 42,080
I Discount on debt issued - (3,069) (213) - - - - - -
Sale of capital assets 12,852 18,855 8,744 14,705 12,056 15,347 9,982 10,962 25,244
Transfers in 467,022 1,775,848 4,275,129 1,832,828 1,307,574 3,634,584 1,603,430 1,626,372 2,021,913
Transfers out (118,772) (1,290,848) (3,827,825) (1,207,828) (829,574) (3,156,584) (1,008,230) (1,016,372) (1,482,913)
Total other financing
sources(uses) 2,056,102 8,696,455 7,145,835 2,558,454 6,240,548 1,868,749 4,845,780 6,290,810 2,381,324
Net change in fund balance ($447,616) __L493,689 ($1,782,325) ($320,989) $1,854,376 ($1,824,631) S1,851,615 $2,488,931 ($901,324)
Debt service as a percentage of
nancapital expenditures 28.7% 40.0% 27.4% 38.1°%n 33.7% 46.1% 40.4% 44.6% 43.6%
Debt service as percentage of total expenditures
21.2% 34.4% 19.0% 27.6% 22.3% 37.8% 33.5% 36.9% 37.9%
Comparable GASB Statement 34 information is available for years beginning in 2005; the City has chosen to provide
information for that year forward. Ultimately, this table will contain information for ten years.
...In 2011 the Water Filtration and Purification fund was reclassified to the Water and Sewer Proprietary Fund.
t�11n 2013, services to other cities were reclassified to public safety expense.
0
1
133
L.
CITY OF ST. ANTHONY, MINNESOTA
TAX CAPACITY VALUE AND ESTIMATED MARKET VALUE OF TAXABLE PROPERTY
Last Ten Fiscal Years
Source: Official Statements for the City of St. Anthony. (Hennepin and Ramsey Counties Combined)
• A complete breakdown of tax capacity was not available, these numbers have been estimated by considering total tax capacity and
the related percentage breakdown from the previous year.
'* Excludes tax increment tax capacity and net fiscal disparities impact.
134
Table 5
Tax Capacity
as a Percent
of EMV
Commercial/
Total
Adjustments
Adjusted
Total
Estimated
Payable
Residential
Industrial
All
Tax
to Tax
Tax Capacity
Direct Tax
Market
Year
Property
Property
Other
Capacity
Capacily •*
Value
Rate
Value
2004
$5,061,743
$1,387,360
$67,875
$6,516,978
$220,246
$6,737,224
52.01%
$576,666,300
2005
5,758,863
1,509,783
70,799
7,339,445
(30,542)
7,308,903
50.31%
636,972,900
2006
6,449,616
2,001,921
65,285
8,516,822
(391,888)
8,124,934
46.58%
730,541,000
2007
7,466,195
2,317,446
75,570
9,859,211
(1,315,126)
8,544,085
46.42%
838,117,800
2008
7,894,132
2,575,759 '
64,903
10,534,794
(1,374,734)
9,190,060
45.62%
893,542,800
2009
7,537,190
2,684,972
67,599
10,289,761
(1,260,607)
9,029,154
51.61%
869,823,300
2010
7,194,714
2,546,141
64,834
9,805,689
(1,106,369)
8,699,320
55.66%
828,631,600
2011
6,734,706
2,398,897
71,265
9,204,868
(909,287)
8,295,581
59.89%
778,761,500
2012
6,225,942
2,273,812
73,491
8,573,245
(846,346)
7,726,899
68.85%
761,934,600
2013
5,860,660
2,139,288
83,509
8,083,457
(802,123)
7,281,334
75.46%
721,227,600
Source: Official Statements for the City of St. Anthony. (Hennepin and Ramsey Counties Combined)
• A complete breakdown of tax capacity was not available, these numbers have been estimated by considering total tax capacity and
the related percentage breakdown from the previous year.
'* Excludes tax increment tax capacity and net fiscal disparities impact.
134
Table 5
Tax Capacity
as a Percent
of EMV
CITY OF ST. ANTHONY, MINNESOTA
DIRECT AND OVERLAPPING PROPERTY TAX RATES
Last Ten Fiscal Years
I
Table 6
Source: Official Statements for the City of St. Anthony (Hennepin County)
*Overlapping rates are those of local and county governments that apply to property owners within the City. Not all
overlapping rates apply to all City property owners; for example, although the county property tax rates apply to all
City property owners, other District rates apply only to the approximately one-third of City property owners whose
property is located within that District's geographic boundaries.
0
3
1
135
L_
City
Overlapping Rates*
Fiscal
Direct
School
Other
Hennepin
Year
Rate
District
Districts
County
Total
�nnn
GV VY
cn A101
JG.VI/V
11 Ino/
GG.av/v
11 AGO/
•✓.�✓...
X71/0/
..... a..v
1111 RRO/
•.. .........
2005
50.31%
19.33%
13.93%
44.17%
127.74%
2006
46.58%
21.78%
14.65%
41.02%
124.03%
2007
46.42%
18.58%
13.38%
39.11%
117.49%
2008
45.62%
19.73%
13.81%
38.57%
117.73%
2009
51.61%
32.04%
13.35%
40.41%
137.41%
2010
55.66%
32.72%
17.37%
42.06%
147.81%
2011
59.89%
36.48%
11.14%
45.84%
153.34%
2012
68.85%
38.32%
12.04%
48.23%
167.44%
2013
75.46%
38.87%
12.70%
49.46%
176.49%
Source: Official Statements for the City of St. Anthony (Hennepin County)
*Overlapping rates are those of local and county governments that apply to property owners within the City. Not all
overlapping rates apply to all City property owners; for example, although the county property tax rates apply to all
City property owners, other District rates apply only to the approximately one-third of City property owners whose
property is located within that District's geographic boundaries.
0
3
1
135
L_
CITY OF ST. ANTHONY, MINNESOTA
PRINCIPAL PROPERTY TAXPAYERS
Current Year and Nine Years Ago
Taxpayer
Inland Silver Lake Village LLC
St. Anthony Leased Housing Assoc.
Xcel Energy
Autumn Woods Partnership LP
Equinox Properties LLC
Chandler Place LP
St. Anthony Shopping Center
St. Anthony Nursing Home LP
Landau - 3925 Pleasant
Highcrest Lanor LP
LG Anderson LLC
Glaser Financial Group Inc.
SuperValu
Total
Total All Property
Tax
Capacity
Value
$720,064
311,073
194,886
185,275
178,030
101,446
99,690
78,364
75,799
52,395
$1,997,022
$8,083,457
2013
IIT,no q
136
1
2
3
4
5
6
7
8
9
10
Percentage
Percentage
of Total City
Tax
Capacity
Capacity
Value
Value
5
1.10%
8.91%
$74,180
3.85%
-
2.41%
70,492
2.29%
-
2.20%
877,800
0.00%
85,841
1.23%
-
0.97%
-
0.94%
-
0.00%
-
0.00%
53,080
0.00%
229,725
0.00%
137,942
22.80%
$1,529,060
$6,737,224
Table 7
2004
Percentage
of Total City
Capacity
Rank
Value
5
1.10%
0.00%
6
1.05%
0.00%
1
13.03%
4
1.27%
0.00%
0.00%
0.00%
0.00%
7
0.79%
2
3.41%
3
2.05%
22.70%
CITY OF ST. ANTHONY, MINNESOTA
PROPERTY TAX LEVIES AND COLLECTIONS Table 8
Last Ten Fiscal Years
r
i Fiscal
Taxes
Collected Within The
Collections
Year
Levied
Fiscal Year of the Levy
in
Total Collections to Date
Ended
For The
Percentage
Subsequent
Percentage
' December 31,
Fiscal Year
Amount of Levy (r)
Years
Amount
of Levy
2004
3,370,364
3,349,081 99.37%
8,129
3,357,210
99.61%
2005
3,689,759
3,655,463 99.07%
12,095
3,667,558
99.40%
i 2006
3,812,957
3,776,369 99.04%
31,990
3,808,359
99.88%
2007
4,123,032
4,079,891 98.95%
36,905
4,116,796
99.85%
2008
4,169,941 (2)
4,088,462 98.05%
30,820
4,119,282
98.79%
2009
4,465,113 (1)
4,352,222 97.47%
50,392
4,402,614
98.60%
2010
4,642,067 (2)
4,566,162 98.36%
45,839
4,612,001
99.35%
2011
4,761,665 z1
4,710,258 98.92%
41,462
4,751,720
99.79%
2012
5,223,089
5,157,341 98.74%
-
5,157,341
98.74%
1 2013
5,426,789
5,345,759 98.51%
5,345,759
98.51%
Beginning with payable year 2002 through
2007, Market Value Homestead Credit is included in the operating levy.
(2) Net of Market Value
Homestad Credit which was subject to State unallotments
or other reductions.
l Sources: 2001 - 2004 Official Statements
for the City of St. Anthony
2005 - 2012
St. Anthony Finance Department
I
137
L.
CITY OF ST. ANTHONY, MINNESOTA
RATIOS OF OUTSTANDING DEBT BY TYPE
Last Nine Fiscal Years
Governmental Activities
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
Source: St. Anthony Finance Department
*Per Capita data is based on a 2010 census of 8,226.
Information is not available for years prior to 2005.
138
General
Tax
Total
Percentage
Fiscal
Obligation
Improvement
Increment
Revenue
Fannie
Governmental
of Adjusted
Year
Bonds
Bonds
Bonds
Bonds
Mae Loan
Activities
Tax Capacity
2005
$1,435,000
$11,210,000
$2,355,000
$6,600,000
$3,350,000
$24,950,000
341.36%
2006
1,245,000
11,300,000
6,145,000
6,310,000
3,350,000
$28,350,000
348.93%
2007
1,055,000
12,675,000
10,605,000
6,010,000
2,500,000
$32,845,000
358.57%
2008
945,000
13,015,000
10,375,000
5,615,000
2,500,000
$32,450,000
359.39%
2009
825,000
16,220,000
10,055,000
6,940,000
2,050,000
$36,090,000
414.86%
2010
695,000
15,260,000
9,710,000
6,295,000
1,250,000
$33,210,000
400.33%
2011
565,000
18,355,000
9,345,000
5,960,000
-
$34,225,000
451.61%
2012
430,000
20,660,000
8,960,000
5,540,000
$35,590,000
460.60%
2013
295,000
19,140,000
8,545,000
5,140,000
$33,120,000
454.86%
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
Source: St. Anthony Finance Department
*Per Capita data is based on a 2010 census of 8,226.
Information is not available for years prior to 2005.
138
Table 9
M
M
139
L
Business -Type Activities
Water
Sewer/
Liquor
Total
Bonds
Total
Percentage
Water
Revenue Business -Type
Per
Primary
of Personal
Per
Bonds
Bonds
Activities
Customer
Government
Income (1)
Capita*
$2,125,000
$495,000
$2,620,000
$932
$27,570,000
N/A
$3,357
2,050,000
425,000
2,475,000
896
30,825,000
N/A
3,924
1,975,000
350,000
2,325,000
1,070
35,170,000
N/A
3,847
1,895,000
270,000
2,165,000
824
34,615,000
N/A
3,818
1,815,000
185,000
2,000,000
789
38,090,000
N/A
4,278
1,730,000
95,000
1,825,000
752
35,035,000
N/A
4,037
1,640,000
-
1,640,000
713
35,865,000
N/A
4,161
1,545,000
1,545,000
672
37,135,000
N/A
4,327
1,440,000
1,440,000
626
34,560,000
N/A
4,026
M
139
L
CITY OF ST. ANTHONY, MINNESOTA
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
As of December 31, 2013
Governmental Unit
Debt repaid with property taxes:
School Districts:
ISD No. 282
NE Metro Intermediate School District No. 916
Counties:
Hennepin
Ramsey
Other:
Metropolitan Council
Three Rivers Park District
Subtotal - overlapping debt
City direct debt (Z)
Total direct and overlapping debt
Sources: ") Official Statements for City of St. Anthony
(2) St. Anthony Finance Department
Table 10
Estimated
Estimated Share of
Debt Percentage Overlapping
Outstanding Applicable* Debt
$21,160,000
53.4025%
$11,299,971
735,600,000
0.3722%
2,737,536
177,575,000
0.4921%
873,766
196,680,000
0.2456%
483,017
55,755,000
0.5118%
285,327
15,679,617
26,015,000
$41,694,617
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This
schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents
and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term
debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not
imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
*For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed
property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable
assessed value that is within the City's boundaries and dividing it by each unit's total taxable assessed value.
140
CITY OF ST. ANTHONY, MINNESOTA
LEGAL DEBT MARGIN INFORMATION Table Il
Last Nine Fiscal Years
i
Leval Debt Martin Calculation for Fiscal Year 2012
Market value
$674,573,657
Debt limit (3% of market value)
20,237,210
Debt applicable to limit:
2009
General obligation bonds
10,700,000
Less: Amount set aside for repayment
2013
of general obligation debt
(1,914,814)
Total net debt applicable to limit
8,785,186
Legal debt margin
$11,452,024
L
(
L
Source: Market Value - Hennepin County and Ramsey County, Minnesota Assessor's Offices
*Debt limit was 2% of market value.
Information is not available for years prior to 2005.
141
2005*
2006•
2007"
2008
2009
2010
2011
2012
2013
Debt limit
$13,406,318
$14,610,820
$17,870,856
$26,094,699
$24,778,098
$23,262,423
$22,184,277
$21,518,115
$20,237,210
Total net debt applicable to limit
4,776,007
4,429,013
4,099,637
5,741,849
5,410,204
5,059,006
4,708,301
9,520,421
8,785,186
Legal debt margin
$8,630,311
$10,181,807
$13,771,219
$24352,850
$19,367,894
$18,203,417
$17,475,976
$11,997,694
$11,452,024
Total net debt applicable to the limit as a
percentage of debt limit
35.63%
30.31%
22.94%
22.00%
21.83%
21.75%
21.22%
4424%
4341%
L
(
L
Source: Market Value - Hennepin County and Ramsey County, Minnesota Assessor's Offices
*Debt limit was 2% of market value.
Information is not available for years prior to 2005.
141
CITY OF ST. ANTHONY, MINNESOTA
PLEDGED REVENUE COVERAGE
Last Nine Fiscal Years
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Operating
expenses do not include interest, depreciation, or amortization expenses.
Information is not available for years prior to 2005.
142
Storm Sewer Revenue Bonds
Stormwater
Less
Net
Fiscal
Service
Operating
Available
Debt Service
Year
Charges
Expenses
Revenue
Principal Interest
Coverage
2005
$163,957
$ -
$163,951
$95,000
$68,448
100%
2006
169,255
-
169,255
100,000
63,670
103%
2007
167,373
-
167,373
105,000
58,595
102%
2008
167,373
-
167,373
110,000
53,220
103%
2009
167,793
-
167,793
120,000
40,103
105%
2010
150,431
-
150,431
130,000
28,575
95%
2011
150,833
-
150,833
130,000
18,900
101%
2012
150,734
-
150,734
135,000
14,925
101%
2013
152,750
-
152,750
135,000
10,875
105%
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Operating
expenses do not include interest, depreciation, or amortization expenses.
Information is not available for years prior to 2005.
142
Table 12
Page 1 of 2
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Water and Sewer Revenue Bonds
Utility
Less
Net
Service
Operating
Available
Debt Service
Charges
Expenses
Revenue
Principal
Interest
Coverage
$1,527,505
$1,210,443
$316,562
$75,000
$82,195
201%
1,556,004
1,387,657
168,347
75,000
80,694
108%
1,691,871
1,332,720
359,151
75,000
78,750
234%
1,615,721
1,367,564
248,157
80,000
77,236
158%
1,583,317
1,464,759
118,558
80,000
75,056
76%
1,575,514
1,452,765
122,749
85,000
71,093
79%
1,577,823
1,492,891
84,932
90,000
68,064
54%
1,836,635
1,621,559
215,076
95,000
66,123
133%
1,883,034
1,577,518
305,516
105,000
48,458
199%
C
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143
L
CITY OF ST. ANTHONY, MINNESOTA
PLEDGED REVENUE COVERAGE
Last Nine Fiscal Years
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Operating
expenses do not include interest, depreciation, or amortization expenses.
Information is not available for years prior to 2005.
144
Liquor Revenue Bonds
Less
Net
Fiscal
Net Sales
Operating
Available
Debt Service
Year
(Gross Profit)
Expenses
Revenue
Principal Interest
Coverage
2005
$1,169,359
$766,082
$403,277
$65,000
$32,150
415%
2006
1,363,696
839,959
523,737
70,000
29,619
526%
2007
1,475,679
900,194
575,485
75,000
24,438
579%
2008
1,475,173
964,663
510,510
80,000
20,125
510%
2009
1,543,854
982,863
560,991
85,000
15,525
558%
2010
1,594,829
1,032,636
562,193
90,000
10,638
559%
2011
1,654,205
1,077,832
576,373
95,000
5,463
574%
2012
1,736,060
1,127,368
608,692
-
N/A
2013
1,688,142
1,112,240
575,902
N/A
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Operating
expenses do not include interest, depreciation, or amortization expenses.
Information is not available for years prior to 2005.
144
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Table 12
Page 2 of 2
145
Improvement Bonds
Tax Increment Bonds
Special
Tax
Assessment
Debt Service
Increment
Debt Service
Collections
Principal
Interest
Coverage
Collections
Principal
Interest
Coverage
$1,549,836
$485,000
$323,582
192%
$410,768
$105,000
$145,381
164%
589,812
3,100,000
390,118
17%
851,309
1,185,000
95,263
66%
441,327
675,000
480,360
38%
1,469,532
180,000
384,296
260%
385,197
1,570,000
495,649
19%
1,682,549
230,000
538,369
219%
506,262
760,000
430,947
43%
1,903,840
320,000
526,949
225%
398,895
2,235,000
499,506
15%
1,911,678
345,000
512,504
223%
517,678
2,070,000
532,400
20%
1,708,873
365,000
496,588
198%
427,467
3,315,000
555,220
11%
1,364,881
385,000
479,132
158%
587,191
3,430,000
420,070
15%
1,398,000
415,000
459,830
160%
145
CITY OF ST. ANTHONY, MINNESOTA
DEMOGRAPHIC AND ECONOMIC STATISTICS
Last Ten Fiscal Years
Table 13
Sources:
Information is not tracked on a yearly basis for individual cities. Data for Hennepin County was used.
Source- Hennepin County
121 Information not available is labeled N/A.
13) Official Statements for the City of St. Anthony
°) Metropolitan Council Estimate
51 2010 US Census Results
146
Per
Capita
Fiscal
Personal
Personal
Unemployment
Year
Population 131
Income 121131
Income(l)
Rate10
2004
8,012
385,272,855
48,045
4.50%
2005
8,012
N/A
N/A
3.40%
2006
8,012
N/A
N/A
3.60%
2007
8,361
N/A
N/A
4.20%
2008
8,361
N/A
N/A
5.00%
2009
8,437
N/A
N/A
6.80%
2010
8,514141
N/A
N/A
6.50%
2011
8,226151
N/A
N/A
5.30%
2012
8,333141
N/A
N/A
4.80%
2013
8,417141
N/A
N/A
4.00%
Sources:
Information is not tracked on a yearly basis for individual cities. Data for Hennepin County was used.
Source- Hennepin County
121 Information not available is labeled N/A.
13) Official Statements for the City of St. Anthony
°) Metropolitan Council Estimate
51 2010 US Census Results
146
0
0
0
CITY OF ST. ANTHONY, MINNESOTA
PRINCIPAL EMPLOYERS Table 14
j Current Year and Nine Years Ago
Total
1,433 1,092
* Data is not available for more than the top ten employers in 2013.
147
2013*
2004
Employer
Employees
Rank
Employees
Rank
ISD No. 282 (St. Anthony - New Brighton)
300
1
250
I
Cub Foods
250
2
201
3
Wal-Mart
250
3
-
-
St. Anthony Health Center and Chandler Place
200
4
225
2
City of St. Anthony
132
5
84
4
B&F Fastener Supply
100
6
-
-
St. Charles Borromeo Parish
57
7
64
6
Happy's Potato Chip Company
56
8
50
8
Applebee's
45
9
-
-
Culver's
43
10
58
7
Chandler Place
-
-
75
5
Francis A. Gross Golf Course
45
9
Baker's Square
40
10
Total
1,433 1,092
* Data is not available for more than the top ten employers in 2013.
147
CITY OF ST. ANTHONY, MINNESOTA
FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program
General government:
Administration
Finance
Police:
Officers
Support staff
Community service officer
Volunteers (non -paid)
Fire:
Firefighters
Volunteers (paid on call)
Public works:
Administration
Street
Park
Water/Sewer
Mechanic
Seasonal*
Liquor operations:
Off -sale:
Full-time
Market Place - part-time
Silver Lake Village - part-time
Total
Full -Time Equivalent Employees as of December 31, 2013
2004 2005 2006
3.00
3.00
3.00
4.50
4.50
4.50
20.00
20.00
20.00
2.00
2.00
2.00
0.50
0.50
0.50
12.00
12.00
12.00
7.00
7.00
7.00
3.00
3.00
3.00
2.00
2.00
2.00
5.00
6.00
6.00
3.00
3.00
3.00
2.00
2.00
2.00
1.00
1.00
1.00
2.25
2.25
2.25
5.00
5.00
5.00
5.25
5.25
5.25
5.25
5.25
5.25
82.75
* Historical number adjusted to reflect Full -Time Equivalent versus actual head count
Source: City of St. Anthony
148
83.75
83.75
Table 15
Full -Time Equivalent Employees as of December 31, 2013
2007
2008
2009
2010
2011
2012
2013
5.25
5.25
5.25
6.00
6.00
6.00
6.00
3.00
3.00
3.00
3.00
3.00
2.00
2.00
4.50
4.75
4.75
4.75
4.50
4.25
4.25
22.00
23.00
23.00
23.00
23.00
23.00
23.00
2.00
2.50
2.50
2.50
2.50
2.50
2.50
1.00
1.00
1.00
1.00
1.00
1.00
1.00
12.00
12.00
12.00
12.00
12.00
12.00
12.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
6.00
6.00
6.00
6.00
5.00
6.00
6.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
2.25
2.00
2.00
2.00
2.00
2.00
2.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.25
5.25
5.25
6.00
6.00
6.00
6.00
5.25
5.25
5.25
6.00
6.00
6.00
6.00
86.25
87.75
87.75
89.25
88.00
87.75
87.75
149
CITY OF ST. ANTHONY, MINNESOTA
OPERATING INDICATORS BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program
Police: *
Moving violation
Non-moving violations
DWI
Traffic arrests
Gross and misdemeanor arrests
Felony arrests
Warrant arrests
Fire:
Emergency responses
Medical responses
Fires
Inspections **
Building inspection:
Permits issued
Other public works:
Street reconstruction/resurfacing (miles)
Potholes filled (tons)
Water:
New connections
Water mains breaks
Average daily consumption (thousands of gallons)
Peak daily consumption (thousands of gallons)
* Police statistics are for St Anthony only
** Began monitoring inspection in 2006
Source: City of St. Anthony
150
Fiscal Year
2004 2005 2006
2,072
1,560
2,246
544
501
632
60
56
114
587
515
750
150
181
162
32
54
67
31
23
22
925
1,043
980
586
646
704
46
47
28
-
197
341
346
292
1
1
1
8
7
5
-
14
8
10
3
898
903
922
1,601
2,192
2,454
Table 16
'
Fiscal Year
2007
2008
2009
2010
2011
2012
2013
2,357
2,137
2,008
2,305
1,848
1,851
2,068
627
494
351
397
210
200
396
26
61
59
49
44
39
34
' 831
815
770
600
673
578
679
158
203
193
129
145
164
244
45
44
32
29
46
37
67
29
32
32
28
28
20
23
976
1,055
996
956
976
1,012
1,227
696
768
718
895
894
933
1,016
40
89
68
34
35
40
26
78
81
92
97
121
116
88
255
262
283
315
336
272
303
2
2
1
1
2
1
1
35
20
80
22
100
84
39
16
10
-
-
-
-
32
8
9
11
10
10
9
990
902
885
806
821
884
822
2,500
2,157
2,295
1,396
1,586
1,879
1,724
u
151
CITY OF ST. ANTHONY, MINNESOTA
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program
2004
Police:
4
Stations
1
Fleet units
12
Fire stations
1
Other public works:
2
City Streets (miles)
24.7
Parks and recreation:
2
Acreage
40
Playgrounds
3
Baseball/softball diamonds (a)
7
Soccer/football fields(')
2
Community centers
1
Liquor operations:
24.7
On/off sale locations(b)
2
Water:
15.0
Water mains (miles)
24.7
Fire hydrants
283
Storage capacity (thousands of gallons)
2,250
Wastewater:
Sanitary sewers (miles)
24.7
Storm sewers (miles)
15.0
a.) Park construction Silver Point 2000-2001, Central Park 2003-2004
b.) Closed Stonehouse Bar and SAV 1 in 2003, reopened SAV 1 in 2004,
SAV 2 closed 3 weeks in September 2004 to move to new location.
Source: City of St. Anthony
152
Fiscal Year
1 1 1
12 12 12
1 1 1
24.7 24.7 24.7
40
40
40
4
4
4
7
7
7
2
2
2
1
1
1
2
2
2
24.7
24.7
24.7
283
283
287
2,250
2,250
2,250
24.7
24.7
24.7
15.0
15.0
15.0
Table 17
Fiscal Year
2008 2009 2010 2011 2012 2013
1
I
1
I
1
1
12
12
13
13
14
14
1
1
1
1
1
1
24.7
24.7
24.7
24.7
24.7
24.7
40
40
40
40
40
40
4
4
4
4
4
4
7
7
7
7
7
7
2
2
2
2
2
2
1
1
1
1
1
1
2
2
2
2
2
2
24.7
24.7
24.7
24.7
24.7
24.7
287
287
287
287
287
287
2,250
2,250
2,250
2,250
2,250
2,250
24.7
24.7
24.7
24.7
24.7
24.7
15.0
15.0
15.0
15.0
15.0
15.0
E
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