HomeMy WebLinkAbout1983 CAFRCITY OF ST. ANTHONY
ST. ANTHONY, MINNESOTA
REPORT ON AUDIT
YEAR ENDED DECEMBER 31, 1983
C O N T E N T S
Page
INTRODUCTORY SECTION
Comments 1- 3
FINANCIAL SECTION
ACCOUNTANTS' REPORT 4- 5
A - Combined Balance Sheet - All Fund Types
- Combining Balance Sheet
6
B - Combined Statement of Revenue, Expenditures
and Fund
25
Balance - All Governmental Fund Types
Statements of Revenue, Expenditures and Fund Balance
7
C - Combined Statement of Revenue, Expenditures
and Fund
17
Balance - Budget and Actual - General and
Special
Changes in Fund Balance
Revenue Fund Types
3 -
8
D - Combined Statement of Operations and Changes
in Retained
4 -
Earnings - All Proprietary Fund Types
Expenditures
9
E - Combined Statement of Changes in Financial Position
- All
28
Proprietary Fund Types
10
Notes to Financial Statements 11-16
SCHEDULE
- Combining Balance Sheet
24
6
- Combining Statement of Revenue, Expenditures and Fund Balance
25
General Fund
Statements of Revenue, Expenditures and Fund Balance
1 -
Balance Sheet
- General Reserve Fund
17
2 -
Statement of
Changes in Fund Balance
18
3 -
Statement of
Revenue
19-20
4 -
Statement of
Expenditures
21-23
Special Revenue Funds
5
- Combining Balance Sheet
24
6
- Combining Statement of Revenue, Expenditures and Fund Balance
25
Statements of Revenue, Expenditures and Fund Balance
7
- General Reserve Fund
26
8
- Revenue Sharing Fund
26
9
- Special Fire Fund
27
10
- Special Police Fund
27
11
- State Aid Maintenance Fund
28
12
- Community Development Fund
28
C O N T E N T S (Continued)
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Page
Capital Projects Funds
13 - Combining Balance Sheet 29
14 - Combining Statement of Revenue, Expenditures and Fund Balance 30
Special Assessment Funds
15
- Combining
Balance Sheet
42
31
16
- Combining
Statement of Revenue, Expenditures
and Fund Balance
32
- Combining
Statement of
General Debt Service Fund
44
29
17
- Balance Sheet
Changes in Financial Position
45
33
18
- Statement
of Revenue, Expenditures and Fund
Balance
34
- Balance Sheet
Enterprise Funds
46
19
- Combining
Balance Sheet
35
20
- Combining
Statement of Operations and Changes
in Retained
Earnings
36
21
- Combining
Statement of Changes in Financial
Position
37
Liquor Fund
22
- Balance Sheet
38
23
- Statement
of Income and Changes in Retained
Earnings
39
24
- Statement
of Changes in Financial Position
40
25
- Statement
of Operating Expenses
41
Utility Funds
26
- Combining
Balance Sheet
42
27
- Combining
Statement of
Changes in Fund Equity
43
28
- Combining
Statement of
Operations
44
29
- Combining
Statement of
Changes in Financial Position
45
Agency Fund
30
- Balance Sheet
46
STATISTICAL SECTION
Assessed Valuations, Tax Levies and Mill Rates 47
Tax Levies and Collections 48
Special Assessment Levies and Collections 48
Combined Schedule of Bonded Indebtedness 49
Bonds Payable 50
Debt Service Requirements 50
INTRODUCTORY SECTION
CITY OF ST. ANTHONY
COMMENTS
The City of St. Anthony operates under 'Optional Plan B" as defined in the State of
Minnesota Statutes. Optional Plan B is known as the council-manager plan. Under
this plan, as specified in the Statutes, "The council shall exercise the legislative
power of the City and determine all matters of policy. The City manager shall be the
head of the administrative branch of the City government and shall be responsible to
the council for the proper administration of all affairs relating to the City." The
council is composed of five members, including the mayor who is chairman. The City
manager is appointed by the council.
General Fund
The General Fund accounts for all revenue and the related activities not required to
be accounted for in another fund. The principal sources of revenue are general
property taxes, intergovernmental revenue and transfers from other funds.
Expenditures are for general government, public safety, public works and park
maintenance. A plan of financial operation of the General Fund is set forth in the
annual budget adopted by the City Council. Revenue exceeded expenditures by $41,626
during 1983 increasing the fund balance to $688,573 at December 31, 1983, of which
$32,936 is appropriated for severance payments. A condensed summary of revenue and
expenditures compared with the budget for the year ended December 31, 1983 is shown
below:
$1,483,803 $1,445,670
-1-
Budget
Actual
Revenue and Other Sources
General Property Taxes
$ 511,072
$ 501,925
Licenses and Permits
28,000
29,109
Intergovernmental Revenue
425,061
431,940
Fines and Forfeitures
60,000
61,030
Charges for Current Services
4,000
3,413
Other Revenue
62,000
64,879
Transfers from Other Funds
395,000
395,000
$1,485,133
$1,487,296
Expenditures and Other Uses
General Government
$ 333,361
$ 322,121
Public Safety
763,272
752,565
Public Works
346,435
335,784
Park Maintenance
35,735
30,200
Transfers to Other Funds
5,000
5,000
$1,483,803 $1,445,670
-1-
CITY OF ST. ANTHONY
COMMENTS
Special Revenue Funds
Special Revenue Funds are established to account for proceeds from specific revenue
sources to be expended for a specified purpose. Following is a brief description of
each fund.
General Reserve Fund - The General Reserve Fund was established to
accumulate resources from the Special Assessment Funds, which are available
to be appropriated by the City Council. The fund balance was $376,397 at
December 31, 1983.
Revenue Sharing Fund - This fund accounts for revenue received from the
Federal Government in accordance with the "State and Local Fiscal
Assistance Act of 1972." Expenditures can be made only as outlined in the
Act.
The City's share of the Federal Revenue Sharing Grant for 1983 was
$33,062. During the year ended December 31, 1983 transfers of $10,000 and
$20,000 were made to the General Fund and Capital Equipment Fund,
respectively. The fund balance was $40,289 at December 31, 1983.
Community Development Fund - This fund accounts for revenue received from
the Federal Government in accordance with the Housing and Community
Development Block Grant Program. Expenditures can only be made from this
fund for approved projects as outlined in the Act and are fully
reimbursable.
Capital Project Funds
These funds are used to account for resources to be used for the acquisition of
capital facilities by the City.
State Aid Construction Fund - Gasoline tax collections apportioned to the
City from the State of Minnesota for street construction are accounted
for in this fund. The account receivable of $301,410 from the State of
Minnesota at December 31, 1983 is the City's construction allotment
balance, which is unencumbered and available for approved projects.
Capital Equipment Fund - This fund was established to account for the
revenue required to finance the replacement of capital assets on a
revolving basis. Revenue exceeded expenditures by $26,409, increasing
the fund balance to $74,974, which is available for future capital
acquisitions.
Housing and Redevelopment Authority - The Housing and Redevelopment
Authority of St. Anthony, a separate entity, has been included in the
accompanying financial statements.
-2-
CITY OF ST. ANTHONY
COMMENTS
Special Assessment Funds
The Special Assessment Funds are established to account for assessments levied to
finance improvements or services deemed to benefit the properties against which the
assessments are levied.
Revolving Fund - This fund provides temporary financing of construction
projects and the subsequent collection of assessments against benefited
property owners.
Debt Service Fund - This fund accounts mainly for the collection of
assessments against benefited property owners and expenditure of
assessment collections for the payment of bonds and interest issued to
finance the cost of improvement projects. The appropriated fund
balance represents the interest on bonded indebtedness payable in
future years.
General Debt Service Fund
This fund has accumulated resources, primarily general property taxes, for the
redemption of certificates of indebtedness and interest thereon. These certificates
are completely retired and the fund balance of $1,491 is unappropriated.
Enterprise Funds
Enterprise Funds account for operations providing goods or services to the general
public. Costs associated with these operations are financed primarily through user
charges. Liquor and utility operations of the City are maintained as enterprise
funds. Detailed statements are included in this report as additional aids in
reviewing the results of operations for each fund.
Liquor Fund - Net income for the year ended December 31, 1983 was
$333,002 compared to $439,916 in 1982. Transfers to the General Fund
were $385,000 and $365,000 in 1983 and 1982, respectively.
Utility Funds - For the years ended December 31, 1983 and 1982, the net
loss of the Water Fund was $77,695 and $34,185, respectively. The
Sewer Fund had a net loss of $80,228 in 1983 compared to $32,656 in
1982.
Agency Fund
The Agency Fund accounts for assets held by the City as trustee for other
organizations. The fund is custodial in nature and does not involve measurement of
results of operations.
General Long -Term Debt
General obligation bonds and other Long-term liabilities intended to be financed
from governmental funds are accounted for in the General Long -Term Debt Account
Group. The City has no general long-term debt outstanding at December 31, 1983.
-3-
FINANCIAL SECTION
ADRIAN
HELGESO1
AND COMPANY
Certified Public Accountants
3710 IDS Center
80 South 8th Street
Minneapolis. MN 55402
June 6, 1984
ACCOUNTANTS' REPORT
Honorable Mayor and Members of the City Council
City of St. Anthony, Minnesota
We have examined the combined financial statements of the City of St. Anthony,
Minnesota as of and for the year ended December 31, 1983, as listed in the table of
contents. Our examination was made in accordance with generally accepted auditing
standards and, accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances.
As described more fully in Note 1, the combined financial statements referred to
above do not include financial statements of the general fixed assets account group,
which should be included to conform with generally accepted accounting principles.
In our opinion, except that the ommission of the financial statements described
above results in an incomplete presentation, as explained in the preceding
paragraph, the combined financial statements referred to above present fairly the
financial position of the City of St. Anthony, Minnesota at December 31, 1983 and
the results of its operations and the changes in financial position of its
proprietary fund types for the year then ended, in conformity with generally
accepted accounting principles applied on a basis consistent with that of the
preceding year.
-4-
Our examination was made for the purpose of forming an opinion on the combined
financial statements taken as a whole. The combining and individual fund financial
statements and schedules listed in the table of contents are presented for purposes
of additional analysis and are not a required part of the combined financial
statements of the City of St. Anthony, Minnesota. The information has been
subjected to the auditing procedures applied in the examination of the combined
financial statements and, in our opinion, is fairly stated in all material respects
in relation to the combined financial statements taken as a whole. Our examination
did not include the statistical information presented in the statistical section.
Certified Public Accountants
-5-
ASSETS
Cash and Short -Term Investments
Petty Cash and Change Funds
Accounts Receivable
Other Receivables
Taxes Receivable
Unremitted
Delinquent
Allowance for Delinquent Taxes Receivable
Special Assessments Receivable
Unremitted
Delinquent
Deferred
Due from Other Funds
Inventories, at Lower of Cost or Market
Prepaid Insurance
Property, Plant and Equipment, at Cost Less
Accumulated Depreciation
Restricted Cash and Short -Term Investments
Totals
LIABILITIES AND FUND EOUITY
Liabilities
Accounts Payable and Other Liabilities
Accrued Payroll and Related Taxes
Due to Other Funds
Meter Deposits
Deferred Income
Bonds Payable
Total Liabilities
Fund Equity
Contributed Capital
Retained Earnings
Reserved
Unreserved
Fund Balance
CITY OF ST. ANTHONY
COMBINED BALANCE SHEET - ALL FUND TYPES
DECEMBER 31, 1983
Governmental Fund Types
$599,569
100
10,350
13,115
6,343
12,672
(12,672)
48,125
32,936
$710,538
$ 2,657
19,308
Appropriated 32,936
Unappropriated 655,637
Total Fund Equity 688,573
Totals $710,538
See accompanying Notes to Financial Statements.
$401,291
15,395
$416,686
$134,811
302,035
146
717
(717)
$436,992
$ 5,603
5,603
$598,243
10,394
3,323
308,395
$920,355
$ 8,072
395,000
403,072
$1,282
209
490
(490)
Proprietary
Fund Types
Enterprise
Funds
$ 271,180
103,275
112,491
122,116
Fiduciary
Fund Type
Agency
Fund
574,286
10,894
1,920,962
9,260
$1,491 $3,124,464 $ -
$ 139,592
12,302
48,125
55,108
109,403
364,530
1,144,298
9,260
1,606,376
Account
Group
General
Long -Term
Debt
Totals
(Memorandum
1983
$2,006,376
103,375
440,271
135.231
6,698
13,879
(13,879)
10,394
3,323
308,395
48,125
574,286
10,894
1,920,962
42,196
$5,610,526
$ 155,924
31,610
48,125
55,108
109,403
395,000
795,170
1,144,298
9,260
1,606,376
EXHIBIT A
Only)
1982
$2,003,781
88,275
546,905
184,868
3,197
7,588
(7,588)
414
8,274
390,898
347,160
9,162
1,955,006
39,503
$5,577,443
$ 111,124
32,037
52,693
119,261
500,000
815,115
1,190,227
9,260
1,770,368
310,464
48,561
391,961
General
Special
Capital
Special
Debt
General Revenue
Project
Assessment
Service
Fund Funds
Funds
Funds
Fund
$599,569
100
10,350
13,115
6,343
12,672
(12,672)
48,125
32,936
$710,538
$ 2,657
19,308
Appropriated 32,936
Unappropriated 655,637
Total Fund Equity 688,573
Totals $710,538
See accompanying Notes to Financial Statements.
$401,291
15,395
$416,686
$134,811
302,035
146
717
(717)
$436,992
$ 5,603
5,603
$598,243
10,394
3,323
308,395
$920,355
$ 8,072
395,000
403,072
$1,282
209
490
(490)
Proprietary
Fund Types
Enterprise
Funds
$ 271,180
103,275
112,491
122,116
Fiduciary
Fund Type
Agency
Fund
574,286
10,894
1,920,962
9,260
$1,491 $3,124,464 $ -
$ 139,592
12,302
48,125
55,108
109,403
364,530
1,144,298
9,260
1,606,376
Account
Group
General
Long -Term
Debt
Totals
(Memorandum
1983
$2,006,376
103,375
440,271
135.231
6,698
13,879
(13,879)
10,394
3,323
308,395
48,125
574,286
10,894
1,920,962
42,196
$5,610,526
$ 155,924
31,610
48,125
55,108
109,403
395,000
795,170
1,144,298
9,260
1,606,376
EXHIBIT A
Only)
1982
$2,003,781
88,275
546,905
184,868
3,197
7,588
(7,588)
414
8,274
390,898
347,160
9,162
1,955,006
39,503
$5,577,443
$ 111,124
32,037
52,693
119,261
500,000
815,115
1,190,227
9,260
1,770,368
310,464
48,561
391,961
322,290
$416,686 120,925
468,722 $1,491
1,663,461
1,470,183
416,686 431,389
517,283 1,491 2,759,934
4,815,356
4,762,328
$416,686 $436,992
$920,355 $1,491 $3,124,464 $ - $ -
$5,610,526
$5,577,443
CITY OF ST. ANTHONY EXHIBIT B
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
ALL GOVERNMENTAL FUND TYPES
Revenue
General Property Taxes
Licenses and Permits
Intergovernmental Revenue
Fines and Forfeitures
Charges for Current Services
Other Revenue
Total Revenue
Other Sources
Proceeds from Sale of Bonds
Transfers from Other Funds
Total Other Sources
Total Revenue and Other Sources
Expenditures
General Government
Public Safety
Public Works
Park Maintenance
Improvement Costs
Debt Service
Other Expenditures
Total Expenditures
Other Uses
Transfers to Other Funds
Total Expenditures and Other Uses
Excess of Revenue and Other Sources
Over Expenditures and Other Uses
Fund Balance at Beginning of Year
Fund Balance at End of Year
YEAR ENDED DECEMBER 31, 1983
See accompanying Notes to Financial Statements.
-7-
General
Special
Capital
Special
Debt
Totals
General
Revenue
Project
Assessment
Service
(Memorandum
Only)
Fund
Funds
Funds
Funds
Fund
1983
1982
$ 501,925
$ 26,545
$25,575
$ 554,045
$ 454,878
29,109
29,109
30,228
431,940
$ 48,155
105,100
$ 412
6,639
592,246
748,000
61,030
61,030
61,312
3,413
3,413
1,773
64,879
33,175
385,729
90,885
574,668
498,495
1,092,296
81,330
517,374
91,297
32,214
1,814,511
1,794,686
30,000
30,000
395,000
25,000
20,705
440,705
716,750
395,000
55,000
20,705
470,705
716,750
1,487,296
81,330
572,374
112,002
32,214
2,285,216
2,511,436
322,121
322,121
326,115
752,565
15,916
768,481
712,743
335,784
19,242
355,026
352,193
30,200
30,200
7,249
15,119
397,357
10,645
423,121
639,764
22,106
30,723
52,829
26,810
3,889
10,895
14,784
21,210
1,440,670
15,119
436,404
43,646
30,723
1,966,562
2,086,084
5,000
30,000
20,705
55,705
344,750
1,445,670
45,119
457,109
43,646
30,723
2,022,267
2,430,834
41,626
36,211
115,265
68,356
1,491
262,949
80,602
646,947
380,475
316,124
448,927
1,792,473
1,711,871
$ 688,573
$416,686
$431,389
$517,283
$ 1,491
$2,055,422
$1,792,473
See accompanying Notes to Financial Statements.
-7-
CITY OF ST. ANTHONY
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE -
BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
YEAR ENDED DECEMBER 31. 1983
Revenue
General Property Taxes
Licenses and Permits
Intergovernmental Revenue
Fines and Forfeitures
Charges for Current Services
Other Revenue
Total Revenue
Other Sources
Transfers From Other Funds
Total Revenue and Other Sources
Expenditures
General Government
Public Safety
Public Works
Park Maintenance
Improvement Costs
Other Expenditures
Total Expenditures
Other Uses
Transfers to Other Funds
Total Expenditures and Other Uses
Excess of Revenue and Other Sources
Over Expenditures and Other Uses
Fund Balance at Beginning of Year
Fund Balance at End of
EXHIBIT C
See accompanying Notes to Financial Statements.
fM
Totals
General
Fund
Revenue Funds
(Memorandum
Only)
Budget
Actual
_Special
Budget
Actual
Budget
Actual
$ 511,072
$ 501,925
$ 511,072
$ 501,925
28,000
29,109
28,000
29,109
425,061
431,940
$30,000
$ 48,155
455,061
480,095
60,000
61,030
60,000
61,030
4,000
3,413
4,000
3,413
62,000
64,879
33,175
62,000
98,054
1,090,133
1,092,296
30,000
81,330
1,120,133
1,173,626
395,000
395,000
395,000
395,000
1,485,133
1,487,296
30,000
81,330
1,515,133
1,568,626
333,361
322,121
333,361
322,121
763,272
752,565
763,272
752,565
346,435
335,784
346,435
335,784
35,735
30,200
35,735
30,200
13,635
13,635
1,484
1,484
1,478,803
1,440,670
15,119
1,478,803
1,455,789
5,000
5,000
30,000
30,000
35,000
35,000
1,483,803
1,445,670
30,000
45,119
1,513,803
1,490,789
$ 1,330
41,626
$ -
36,211
$ 1,330
77,837
646,947
380,475
1,027,422
$ 688,573
$416,686
$1,105,259
See accompanying Notes to Financial Statements.
fM
CITY OF ST. ANTHONY
COMBINED STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
YEAR ENDED DECEMBER 31, 1983
EXHIBIT D
Operating Expenses
Personal Services
581,239
Totals
Supplies
42,343
(Memorandum
Only)
314,848
252,913
1983
1982
Sales and
Cost of Sales
123,724
118,241
Sales
1,314,387
$2,521,561
$2,472,619
Cost of
Sales
1,622,479
1,508,073
Gross
Profit
899,082
964,546
Operating
Income
2,259
Total Other Expense
User Charges
459,495
488,234
Other
373,075
4,884
3,437
Gross
Operating Income
464,379
491,671
Total Gross Profit and Operating Income
1,363,461
1,456,217
Operating Expenses
Personal Services
581,239
583,161
Supplies
42,343
44,068
Contracted Services and Other Charges
314,848
252,913
Disposal Charges
252,233
259,479
Depreciation
123,724
118,241
Total Operating Expenses
1,314,387
1,257,862
Operating Income
49,074
198,355
Other Income
Commissions
18,453
23,992
Check Cashing
40,097
37,979
Credits and Refunds Received
14,303
45,285
Interest Earned
61,076
78,017
Miscellaneous
7,378
6,046
Total Other Income
141,307
191,319
190,381
389,674
Other Expense
Interest
13,161
14,340
Miscellaneous
2,141
2,259
Total Other Expense
15,302
16,599
Net Income for Year
175,079
373,075
Retained Earnings at Beginning of Year
1,779,628
1,732,626
Redistribution of Depreciation to Contributed Capital
45,929
45,927
Transfers to General Fund
(385,000)
(372,000)
Retained Earnings at End of Year
$1,615,636
$1,779,628
See accompanying Notes to Financial Statements.
sIO
CITY OF ST. ANTHONY
COMBINED STATEMENT OF CH
ALL PROPRIE
SES IN FINANCIAL POSITION
N"UND
YEAR ENDED DECEMBER 31, 1983
Working Capital Provided By
Operations
Net Income for Year
Adjustment for Items Not Affecting Working Capital
Depreciation
Loss on Disposal of Equipment
Total Working Capital Provided By Operations
Proceeds from Disposal of Equipment
Decrease in Other Receivables
Total Working Capital Provided
Working Capital Applied To
Transfers to General Fund
Acquisition of Plant and Equipment
Decrease in Other Liabilities
Total Working Capital Applied
Increase (Decrease) in Working Capital
Changes in Working Capital % Components
Increases (Decreases) in Current Assets
Cash and Short -Term Investments
Petty Cash and Change Funds
Accounts Receivable
Other Receivables
Inventories
Prepaid Insurance
Increases (Decreases) in Current Liabilities
Accounts Payable and Other Liabilities
Accrued Payroll and Related Taxes
Due to Other Funds
Meter Deposits
EXHIBIT E
Totals
(Memorandum Only)
1983 1982
$175,079
123,724
250
299,053
10,571
309,624
385,000
89,930
9,858
484,788
($175,164)
($289,455)
15,100
(6,007)
(19,171)
227,126
1,732
70,675)
53,026
923
48,125
2,415
104,489
Increase (Decrease) in Working Capital (175,164)
Working Capital at Beginning of Year 992,535
Working Capital at End of Year $817,371
See accompanying Notes to Financial Statements.
-10-
$373,075
118,241
117
491,433
335
13,699
505,467
372,000
47,686
13,091
432,777
$_72,690
$ 52,846
14,840
(462)
4,269
(11,040)
60,453
(13,765)
(147)
1,675
12,237)
72,690
919,845
$992,535
CITY OF ST. ANTHONY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1983
Note 1. Significant Accounting Policies
The City of St. Anthony (the City) is incorporated under statutes of the State of
Minnesota and operates under a council-manager plan. Accounting policies adopted by
the City conform to generally accepted accounting principles and reflect practices
common to local governmental units, except for the lack of a general fixed assets
account group. The more significant accounting policies are summarized below.
Fund Accounting and Budget - The accounts of the City are organized on the
basis of funds and account groups, each of which is considered a separate
accounting entity. Operations of each fund are accounted for in a separate
set of self -balancing accounts. Activities accounted for in individual
funds are based upon the purpose for which the fund was established. The
various funds are arranged in the financial statements into seven fund
groups and into three broad fund types. A plan of financial operation is
set forth in the annual budget adopted by the City Council. The amounts
shown in the financial statements represent the original budgeted amount
and all revisions made during the year.
Governmental Fund Types - Revenue and expenditures are recognized on the
modified accrual basis of accounting. Under the modified accrual basis,
revenue is recognized in the accounting period in which it becomes
available and measurable. Expenditures are recognized in the accounting
period in which the liability is incurred by the fund, if measurable,
except for unmatured interest on long-term debt and accumulated unpaid
vacation and sick pay, which are not accrued.
Proprietary Fund Types - Income and expenses are recognized on the accrual
basis of accounting. Income is recognized in the accounting period in
which it is earned and becomes measurable; expenses are recognized in the
period incurred, if measurable.
Fiduciary Fund Type - The basis of accounting for this fund type is
essentially the same as for governmental fund types.
Account Groups - Account groups are concerned only with the measurement of
financial position and are not involved with the measurement of results of
activities or operations.
Cash and Short -Term Investments - Cash available in excess of immediate
needs is invested in certificates of deposit and short-term government
obligations. Interest income is recognized as earned. Interest earnings
are allocated to City funds on the basis of average cash balances.
Investments are stated at cost, which approximates market.
General Property Taxes - Revenue is recognized in the year of anticipated
collection, with amounts due from the County and received early in the
following year recorded as unremitted taxes receivable. Allowances are
provided for the full amount of delinquent taxes receivable. This
procedure has the effect of recognizing general property taxes as revenue
when cash is received because of the uncertainty of collection of the
delinquent amount.
-11-
CITY OF ST. ANTHONY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1983
Note 1. Significant Accounting Policies (Continued)
Inventories - Inventories held by the proprietary fund types (Liquor and
Utility Funds) are stated 'at the lower of cost or market based on the
first -in, first -out valuation method. Expendable supplies are expensed as
purchased.
Property, Plant and Equipment - Property, plant and equipment of the
proprietary fund types are recorded at cost. Depreciation has been
provided using the straight-line method over the estimated useful lives of
the assets. Depreciation on Utility Funds property, plant and equipment,
which has been financed by special assessments, grants and other
contributions, is charged against current income and is then redistributed
as a charge against the contributed capital account.
General Fixed Assets - General fixed assets owned by the City are not
included in the financial statements because records of such assets are
not maintained. Generally accepted accounting principles require that a
statement of general fixed assets be included in the financial statements.
General Long -Term Debt - Long-term liabilities of governmental fund types are
accounted for in this account group, except for special assessment
improvement bonds which are recorded in the Special Assessment Funds.
Bonded Indebtedness - Liabilities recorded in the Special Assessment Funds
are for improvement bonds payable. There are no outstanding general
obligation bonds or certificates of indebtedness at December 31, 1983.
Interest expense is recorded as an expenditure when paid; interest is not
accrued unless fully matured and not paid. Interest payments due January 1
are recognized as expenditures when amounts are remitted to the paying
agent (usually in December) for payment of interest.
Vacation, Sick Leave and Severance Pay - City employees are entitled to
vacation and sick leave based upon length of employment and the payment
thereof is treated as an expenditure in the period paid. The amount of
accrued vacation and sick leave at December 31, 1983 was approximately
$515,000 and is not recorded in the financial statements. The City has
established a severance pay policy for employees. This policy provides for
severance payments based upon the number of days of sick leave accrued,
subject to certain regulations. The City has appropriated funds to provide
necessary funding for anticipated severance payments.
Combined Statements - Total columns on the combined statements are
captioned "memorandum only" to indicate that they are presented only to
facilitate financial analysis. Data in these columns does not present
financial position, results of operations or changes in financial position
in conformity with generally accepted accounting principles. Interfund
transactions have not been eliminated in the aggregation of this data.
-12-
CITY OF ST. ANTHONY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1983
Note 4. Metropolitan Waste Control Commission
Under terms of an agreement with the Metropolitan Waste Control Commission, the City
will be repaid the reserve capacity charges advanced to the Commission in annual
installments including interest through 1988. These advances were charged against
net income of prior years and the repayment will be reflected as income when
received.
The City received from the Metropolitan Waste Control Commission a refund for past
sewer availability charges. Credits against future sewer availability charges
payable will be issued by the Commission to repay this refund. Income will be
recorded as credits are received from the Commission. Deferred income is recorded
for the remaining balance due to the uncertainty of when credits will be issued to
the City.
Another receivable from the Metropolitan Waste Control Commission, and the
corresponding deferred gain of the Utility Funds, represents the City's equity in
the City's sewer system which was acquired by the Commission January 1, 1971. This
receivable will be paid to the City by issuing credits annually through the year
2000, with interest, against future disposal charges from the Commission. These
credits will be reflected in the statement of operations as received.
Note 5. Bonded Indebtedness
The City has special assessment improvement bonds outstanding at December 31, 1983.
These bonds are payable primarily from the collection of special assessments with
any deficiency to be provided for by general property taxes. During 1983 it was
determined that sufficient funds were available to extinguish all debt service
payments required in 1984. As a result, property taxes levied for debt retirement
collectible in 1984 have been cancelled. In addition, no property taxes were
collected for debt retirement in 1983.
Special assessment improvement bonds payable is comprised of the following two
individual issues:
$960,000 Improvement Bonds of 1968
$675,000 Improvement Bonds of 1973
Maturities
-14-
1984-1990
1984-1985
Interest Rates Amount
4.80-4.90%
4.45-4.50%
$240,000
155,000
$395,000
CITY OF ST. ANTHONY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1983
Note 5. Bonded Indebtedness (Continued)
The following is a summary of bond transactions for the year ended December 31, 1983:
Payable at Payable at
January 1, December 31,
1983 Issued Redeemed 1983
Certificates of Indebtedness $30,000 $ 30,000
Special Assessment Improvement
Bonds $500,000 105,000 $395,000
$500,000 $30,000 $135,000 $395,000
Scheduled maturities of bonded indebtedness for each of the next five years are as
follows: 1984 - $105,000; 1985 - $130,000; 1986 - $40,000; 1987 - $40,000; 1988 -
$40,000.
Note 6. Contributed Capital
A substantial portion of the property, plant and equipment in the Utility Funds was
financed by special assessments, grants and other contributions. When such assets
are acquired they are credited to the contributed capital account. Depreciation on
contributed assets is charged against current income, but is then redistributed as a
charge against the contributed capital account. The rates charged by the City are
not intended to generate sufficient income to recover the depreciation on contributed
assets and replacement of these assets is expected to be financed primarily by future
contributions.
Note 7. Interfund Balances and Fund Deficits
At December 31, 1983 the General Fund has a balance due from the Liquor Fund of
$48,125. This amount represents the difference between the amount budgeted for
transfers from the Liquor Fund and the amount transferred during the year.
The Sewer Fund has a retained earnings deficit of $13,063 at December 31, 1983.
Note 8. Operations of Enterprise Funds
Segment information for each of the enterprise funds maintained by the City for the
year ended December 31, 1983 are as follows:
-15-
CITY OF ST. ANTHONY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31. 1983
Note 8. Operations of Enterprise Funds (Continued)
Redistribution of
Depreciation 25,003 20,926 45,929
Transfer to General Fund (385,000) (385,000)
Net Change in
Retained Earnings ($ 51,998)($ 52,692)($ 59,302)($ 163,992)
Total Assets
Working Capital (Deficit)
Total Equity
Note 9. Retirement Plan
$1,272,171 $1,241,282 $ 611,011 $3,124,464
$ 670,541 $ 245,238 ($ 98,408) $ 817,371
$1,091,056 $1,182,806 $ 486,072 $2,759,934
The City participates in a state-wide contributory pension plan under the Public
Employees' Retirement Association, Minnesota Statutes Chapter 353, which covers all
employees except temporary and seasonal employees. The City's contribution for
pension costs, under the state-wide plan, was approximately $103,500 for the year
ended December 31, 1983. Under existing Minnesota law, the City has no future
contingent obligations or commitments to the plan or its participants except to make
continuing contributions as determined from time -to -time by the State Legislature.
Note 10. Leases
The City presently leases space for its administrative offices under a lease
agreement which expires August 1986. The lease requires annual rental payments of
$36,000.
In addition, the City leases space for two of its liquor stores. One lease, expiring
November 1985, requires annual rentals of $15,990 plus the pro rata share of common
center expense. The other lease expiring in September 1984 requires monthly rental
payments of $1,667.
-16-
Liquor
Water
Sewer
Fund
Fund
Fund
Total
Sales (Less Cost of
Sales of $1,622,479)
$ 899,082
$ 899,082
Operating Income
$ 180,017
$ 284,362
464,379
Operating Expenses
665,002
281,652
367,733
1,314,387
Operating Income (Loss)
234,080
101,635)
83,371)
49,074
Other Income
98,922
23,940
3,143
126,005
Net Income (Loss)
333,002
(77,695)
80,228)
175,079
Redistribution of
Depreciation 25,003 20,926 45,929
Transfer to General Fund (385,000) (385,000)
Net Change in
Retained Earnings ($ 51,998)($ 52,692)($ 59,302)($ 163,992)
Total Assets
Working Capital (Deficit)
Total Equity
Note 9. Retirement Plan
$1,272,171 $1,241,282 $ 611,011 $3,124,464
$ 670,541 $ 245,238 ($ 98,408) $ 817,371
$1,091,056 $1,182,806 $ 486,072 $2,759,934
The City participates in a state-wide contributory pension plan under the Public
Employees' Retirement Association, Minnesota Statutes Chapter 353, which covers all
employees except temporary and seasonal employees. The City's contribution for
pension costs, under the state-wide plan, was approximately $103,500 for the year
ended December 31, 1983. Under existing Minnesota law, the City has no future
contingent obligations or commitments to the plan or its participants except to make
continuing contributions as determined from time -to -time by the State Legislature.
Note 10. Leases
The City presently leases space for its administrative offices under a lease
agreement which expires August 1986. The lease requires annual rental payments of
$36,000.
In addition, the City leases space for two of its liquor stores. One lease, expiring
November 1985, requires annual rentals of $15,990 plus the pro rata share of common
center expense. The other lease expiring in September 1984 requires monthly rental
payments of $1,667.
-16-
CITY OF ST. ANTHONY
GENERAL FUND
BALANCE SHEET
DECEMBER 31, 1983 AND 1982
ASSETS
Cash and Short -Term Investments
Petty Cash and Change Fund
Accounts Receivable
Taxes Receivable
Unremitted
Delinquent
Allowance for Delinquent Taxes Receivable
Accrued Interest Receivable
Due from Liquor Fund
Restricted Cash and Short -Term Investments
Totals
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable
Accrued Payroll and Related Taxes
Total Liabilities
Fund Balance
Appropriated for Severance Payments
Unappropriated
Total Fund Balance
Totals
-17-
(Severance)
SCHEDULE 1
1983
1982
$599,569
$588,831
100
100
10,350
14,336
6,343
3,197
12,672
7,588
(12,672)
(7,588)
13,115
33,010
48,125
32,936
30,243
$710,538 $669,717
$ 2,657 $ 2,112
19,308 20,658
21,965 22,770
32,936
30,243
655,637
616,704
688,573
646,947
$710,538
$669,717
CITY OF ST. ANTHONY
GENERAL FUND
STATEMENT OF CHANGES IN FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Revenue and Other Sources
Expenditures and Other Uses
Excess of Revenue and Other Sources
Over Expenditures and Other Uses
Fund Balance at Beginning of Year
Fund Balance at End of Year
-18-
SCHEDULE 2
1983
1982
Budget
Actual
Actual
$1,485,133
$1,487,296
$1,492,198
1,483,803
1,445,670
1,393,990
1,330
41,626
98,208
646,947
646,947
548,739
$ 648,277
$ 688,573
$ 646,947
CITY OF ST. ANTHONY
GENERAL FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET
YEARS ENDED DECEMBER 31. 1983 AND 1982
SCHEDULE 3
Sheet 1
-19-
1983
1982
Budget
Actual
Actual
General Property Taxes
Taxes
$
470,067
$ 425,136
Fiscal Disparities Distribution
28,655
25,876
$ 508,572
498,722
451,012
Penalties and Interest on Taxes
2,500
3,203
1,620
511,072
501,925
452,632
Licenses and Permits
Licenses
8,000
8,103
8,226
Permits
20,000
21,006
22,002
28,000
29,109
30,228
Intergovernmental Revenue
State Property Tax Relief Fund -
Homestead Credit
130,000
129,832
122,718
Local Government Aid
250,159
250,159
216,278
Attached Machinery Aid
1,000
998
945
Street Maintenance Aid
8,500
7,815
7,815
Insurance Premium Tax
24,102
28,489
28,225
Civil Defense Aid
5,000
5,191
5,514
County Aid - Street Maintenance
5,300
7,796
6,740
Metro Council - Section 8
Housing Grant
1,000
1,660
930
425,061
431,940
389,165
Fines and Forfeitures
60,000
61,030
61,312
Charges for Current Services
4,000
3,413
1,773
-19-
CITY OF ST. ANTHONY SCHEDULE 3
GENERAL FUND Sheet 2
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET
YEARS ENDED DECEMBER 31, 1983 AND 1982
-20-
1983
1982
Budget
Actual
Actual
Other Revenue
Interest Earned
$ 38,000
$ 41,063
$ 43,864
Cable TV Franchise Fee
15,000
Rental of Property
8,000
12,370
7,168
Other
7,000
5,511
3,107
Refunds and Reimbursements
Independent School District No. 282 -
Labor and Supplies
4,000
4,258
4,694
Administrative Fees
2,000
1,163
2,828
Insurance
2,000
5,950
Other
1,000
514
1,051
62,000
64,879
83,662
Total Revenue
1,090,133
1,092,296
1,018,772
Other Sources
Transfers from Other Funds
Revenue Sharing Fund
10,000
10,000
20,000
Special Fire Fund
3,482
Special Police Fund
51,298
State Aid Maintenance Fund
26,646
Liquor Fund
385,000
385,000
365,000
Water Fund
7,000
Total Other Sources
395,000
395,000
473,426
Total Revenue and Other Sources
$1,485,133
$1,487,296
$1,492,198
-20-
CITY OF ST. ANTHONY SCHEDULE 4
Sheet 1
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET
YEARS ENDED DECEMBER 31, 1983 AND 1982
General Government
Mayor and Council
Personal Services
Contracted Services and Other Charges
Contingency
Management
Personal Services
Contracted Services and Other Charges
Elections - Contracted Services and
Other Charges
Finance
Personal Services
Supplies
Contracted Services and Other Charges
Assessing
Personal Services
Contracted Services and Other Charges
Legal - Contracted Services
Engineering - Contracted Services and
Other Charges
General Government Buildings
Personal Services
Supplies
Contracted Services and Other Charges
Capital Outlay
Total General Government
-21-
1983
1982
Budget
Actual
Actual
$ 13,550 $
13,070
$ 13,053
4,200
4,956
4,764
12,500
10,583
14,903
30,250
28,609
32,720
56,761
56,829
65,904
4,275
4,198
7,227
61,036
61,027
73,131
1,200
815
2,282
31,900
32,772
28,022
6,000
5,821
5,556
62,100
59,183
45,837
100,000
97,776
79,415
2,940
2,912
2,108
15,135
14,927
14,851
18,075
17,839
16,959
27,600
27,232
30,299
2,840
2,982
2,370
22,210
22,125
21,521
850
993
842
68,900
62,577
66,310
400
146
266
92,360
85,841
88,939
333,361
322,121
326,115
CITY OF ST. ANTHONY SCHEDULE 4
GENERAL FUND Sheet 2
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WI
YEARS ENDED DECEMBER 31, 1983 AND 1982
Public Works
Street Maintenance
Personal Services
Supplies
Contracted Services
Maintenance Garage
Personal Services
Supplies
Contracted Services
Capital Outlay
and Other Charges
and Other Charges
-22-
165,955
49,050
36,450
251,455
29,700
46,000
4,100
2,600
82,400
166,375
46,526
33,276
246,177
29,292
42,862
4,372
1,850
78,376
175,627
42,895
34,176
252,698
27,745
42,937
3,928
1,348
75,958
1983
1982
Budget
Actual
Actual
Public Safety
Civil Defense
Personal Services
$ 17,635 $
16,400
$ 12,367
Supplies
200
43
141
Contracted Services and
Other Charges
6,295
1,601
2,836
Capital Outlay
1,425
906
621
25,555
18,950
15,965
Police Protection
Personal Services
419,275
417,622
412,285
Supplies
4,938
5,521
3,633
Contracted Services and
Other Charges
29,708
28,404
21,701
Capital Outlay
1,475
1,303
686
455,396
452,850
438,305
Fire Protection
Personal Services
247,504
251,554
232,257
Supplies
6,025
5,833
3,537
Contracted Services and
Other Charges
10,757
7,326
7,219
Capital Outlay
3,465
3,202
5,027
267,751
267,915
248,040
Protective Inspection
Personal Services
12,270
11,266
8,920
Contracted Services and
Other Charges
550
333
206
12,820
11,599
9,126
Animal Control - Contracted Services
1,750
1,251
1,307
Total Public Safety
763,272
752,565
712,743
Public Works
Street Maintenance
Personal Services
Supplies
Contracted Services
Maintenance Garage
Personal Services
Supplies
Contracted Services
Capital Outlay
and Other Charges
and Other Charges
-22-
165,955
49,050
36,450
251,455
29,700
46,000
4,100
2,600
82,400
166,375
46,526
33,276
246,177
29,292
42,862
4,372
1,850
78,376
175,627
42,895
34,176
252,698
27,745
42,937
3,928
1,348
75,958
CITY OF ST. ANTHONY
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET
YEARS ENDED DECEMBER 31, 1983 AND 1982
Public Works (Continued)
Tree Care and Weed Inspection
Personal Services
Supplies
Contracted Services and Other Charges
Capital Outlay
Total Public Works
Park Maintenance
Personal Services
Supplies
Contracted Services and Other Charges
Capital Outlay
Total Park Maintenance
Total Expenditures
Other Uses
Transfer to Capital Equipment Fund
Total Expenditures and
Other Uses
-23-
1983
Budget Actual
$ 10,330
500
1,250
500
12,580
346,435
26,385
2,850
5,500
1,000
35,735
$ 10,235
378
442
176
11,231
335,784
22,937
2,344
4,513
406
30,200
SCHEDULE 4
Sheet 3
1982
Actual
$ 11,961
439
820
307
13,527
342,183
557
3,090
3,031
571
7,249
1,478,803 1,440,670 1,388,290
5,000 5,000 5,700
$1,483,803 $1,445,670 $1,393,990
CITY OF ST. ANTHONY SCHEDULE 5
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31. 1983 AND 1982
ASSETS
Cash and Short -Term
Investments (Deficit)
Accounts Receivable
Special Assessments Receivable -
Deferred
Totals
LIABILITY AND FUND BALANCE
Liability - Accounts Payable
Fund Balance - Unappropriated
Totals
General Revenue Community
Reserve Sharing Development Combined
Fund Fund Fund 1983 1982
$376,397 $31,884 ($6,990) $401,291
8,405 6,990 15,395
$376,397 $40,289 $ - $416,686
$376,397 $40,289
$376,397 $40,289 $ -
-24-
$367,475
28,467
1,212
$397,154
$ 16,679
$416,686 380,475
$416,686 $397,154
CITY OF ST. ANTHONY
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND
YEARS ENDED DECEMBER 31, 1983 AND 1982
SCHEDULE 6
-25-
General
Revenue
Community
Reserve
Sharing
Development
Combined
Fund
Fund
Fund
1983
1982
Revenue
Intergovernmental Revenue
Federal Grants
Revenue Sharing
$33,062
$ 33,062
$ 28,134
Community Development
$15,093
15,093
31,481
33,062
15,093
48,155
59,615
Other Revenue
Interest Earned
$ 30,754
2,421
33,175
47,931
Interest on Assessments
117
30,754
2,421
33,175
48,048
Total Revenue
30,754
35,483
15,093
81,330
107,663
Expenditures
Other Expenditures
Improvement Costs
13,635
13,635
29,267
Administrative
26
1,458
1,484
3,468
Total Expenditures
26
15,093
15,119
32,735
Other Uses
Transfers to Other Funds
General Fund
10,000
10,000
101,426
Capital Equipment Fund
20,000
20,000
50,600
Special Assessment Fund
12,323
Total Other Uses
30,000
30,000
164,349
Total Expenditures
and Other Uses
30,026
15,093
45,119
197,084
Excess (Deficiency)
of Revenue Over
Expenditures
and Other Uses
30,754
5,457
-
36,211
(89,421)
Fund Balance at Beginning of Year
345,643
34,832
380,475
469,896
Fund Balance at End of Year
$376,397
$40,289
$ -
$416,686
$380,475
-25-
REVENUE SHARING FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
CITY OF ST. ANTHONY
26
1982
SCHEDULE 7
Budget
GENERAL RESERVE FUND
Actual
Revenue
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS
ENDED DECEMBER 31, 1983
AND 1982
20,000
Revenue Sharing Grant
$ 30,000
$ 33,062
1983
Interest Earned
1982
2,421
3,102
Budget
Actual
Actual
Revenue
Excess (Deficiency) of Revenue Over
Interest Earned
-
5,457
$ 30,754
$ 38,470
Interest on Assessments
34,832
38,900
Fund Balance at End of Year
117
Total Revenue
$ 34,832
30,754
38,587
Expenditures
Improvement Costs
550
Other Uses
Transfer to Special Assessment Fund
12,323
Total Expenditures and
Other Uses
12,873
Excess of Revenue Over
Expenditures
and Other Uses
-
30,754
25,714
Fund Balance at Beginning of
Year
$345,643
345,643
319,929
Fund Balance at End of Year
$345,643
$376,397
$345,643
CITY OF ST. ANTHONY
SCHEDULE 8
REVENUE SHARING FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Expenditures
Contracted Services
1983
26
1982
Other Uses
Budget
Actual
Actual
Revenue
Federal Grant - U.S. Treasury
10,000
10,000
20,000
Revenue Sharing Grant
$ 30,000
$ 33,062
$ 28,134
Interest Earned
30,000
2,421
3,102
Total Revenue
30,000
35,483
31,236
Expenditures
Contracted Services
26
704
Other Uses
Transfers to Other Funds
General Fund
10,000
10,000
20,000
Capital Equipment Fund
20,000
20,000
14,600
Total Other Uses
30,000
30,000
34,600
Total Expenditures and Other Uses
30,000
30,026
35,304
Excess (Deficiency) of Revenue Over
Expenditures and Other Uses
-
5,457
(4,068)
Fund Balance at Beginning of Year
34,832
34,832
38,900
Fund Balance at End of Year
$ 34,832
$ 40,289
$ 34,832
-26-
CITY OF ST. ANTHONY SCHEDULE 9
SPECIAL FIRE FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
1983 1982
Budget Actual Actual
Revenue
Interest Earned $ 1,189
Expenditures and Other Uses
Transfers to Other Funds
General Fund 3,482
Capital Equipment Fund 27,000
Total Expenditures and Other Uses 30,482
Excess (Deficiency) of Revenue Over
Expenditures and Other Uses (29,293)
Fund Balance at Beginning of Year 29,293
Fund Balance at End of Year
CITY OF ST. ANTHONY
SPECIAL POLICE FUND
STATEMENT OF REVENUE. EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Revenue
Interest Earned
Expenditures and Other Uses
Transfers to Other Funds
General Fund
Capital Equipment Fund
Total Expenditures and Other Uses
Excess (Deficiency) of Revenue Over
Expenditures and Other Uses
Fund Balance at Beginning of Year
Fund Balance at End of Year
-27-
1983
Budget Actual
cruFnm F in
1982
Actual
$ 2,292
51,298
9,000
60,298
(58,006)
58,006
CITY OF ST. ANTHONY
STATE AID MAINTENANCE FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31. 1983 AND 1982
1983 1982
Budget Actual Actual
Revenue
Interest Earned $ 2,878
Expenditures and Other Uses
Transfer to General Fund 26,646
Excess (Deficiency) of Revenue Over
Expenditures and Other Uses (23,768)
Fund Balance at Beginning of Year 23,768
Fund Balance at End of Year $ - $ - $ -
-28-
CITY OF ST. ANTHONY
SCHEDULE 12
COMMUNITY DEVELOPMENT FUND
STATEMENT OF REVENUE, EXPENDITURES
AND FUND BALANCE
YEARS
ENDED DECEMBER 31, 1983
AND 1982
1983
1982
Budget Actual
Actual
Revenue
Federal Grant - Community
Development
$15,093
$31,481
Expenditures
Improvement Costs
13,635
28,717
Administrative
1,458
2,764
Total Expenditures
15,093
31,481
Excess of Revenue
Over Expenditures
- -
-
Fund Balance at Beginning of
Year
Fund Balance at End of Year
$ - $ -
$ -
-28-
CITY OF ST. ANTHONY
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1983 AND 1982
SCHEDULE 13
-29-
State Aid
Capital
Housing and
Construction
Equipment
Redevelopment
Combined
ASSETS
Fund
Fund
Authority
1983
1982
Cash and Short -Term Investments
$ 49,000
$74,974
$10,837
$134,811
$ 94,571
Due from State of Minnesota
301,410
301,410
221,553
Accounts Receivable
625
625
Taxes Receivable
Unremitted
146
146
Delinquent
717
717
Allowance for Delinquent Taxes Receivable
(717)
(717)
Totals
$350,410
$74,974
$11,608
$436,992
$316,124
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable
$ 603
$ 603
Deposit
5,000
5,000
Total Liabilities
5,603
5,603
Fund Balance
Appropriated
$301,410
9,054
310,464
$221,553
Unappropriated (Deficit)
49,000
$74,974
(3,049)
120,925
94,571
Total Fund Balance
350,410
74,974
6,005
431,389
316,124
Totals
$350,410
$74,974
$11,608
$436,992
$316,124
-29-
CITY OF ST. ANTHONY
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Revenue
General Property Taxes
Taxes
Fiscal Disparities Distribution
Intergovernmental Revenue
State Property Tax Relief Fund - Homestead Credit
Street Construction Aid
Other Revenue
Interest Earned
Sale of Property and Equipment
Total Revenue
Other Sources
Proceeds from Sale of Bonds
Transfers from Other Funds
General Fund
Revenue Sharing Fund
Special Fire Fund
Special Police Fund
Total Other Sources
Total Revenue and Other Sources
Expenditures
Public Safety - Capital Outlay
Public Works - Capital Outlay
Improvement Costs
Acquisition of Property
Contracted Services and Other Charges
Interest
Total Expenditures
Other Uses
Transfer to Special Assessment Fund
Total Expenditures and Other Uses
Excess (Deficiency) of Revenue and Other
Sources Over Expenditures and Other Uses
Fund Balance at Beginning of Year
Fund Balance at End of Year
-30-
SCHEDULE 14
State -Aid
Capital
Housing and
Construction
Equipment
Redevelopment
Combined
Fund
Fund
Authority
1983
1982
$ 25,541
$ 25,541
$ 2,115
1,004
1,004
131
26,545
26,545
2,246
4,538
4,538
623
$100,562
100,562
95,994
100,562
4,538
105,100
96,617
4,162
$ 5,101
9,263
8,756
1,466
375,000
376,466
4,162
6,567
375,000
385,729
8,756
104,724
6,567
406,083
517,374
107,619
30,000
30,000
5,000
5,000
5,700
20,000
20,000
14,600
27,000
9,000
55,000
55,000
56,300
104,724
61,567
406,083
572,374
163,919
15,916
15,916
19,242
19,242
10,010
325,000
325,000
72,357
72,357
4,970
3,889
3,889
35,158
401,246
436,404
14,980
20,705
20,705
174,701
20,705
35,158
401,246
457,109
189,681
84,019
26,409
4,837
115,265
(25,762)
266,391
48,565
1,168
316,124
341,886
$350,410
$74,974
$ 6,005
$431,389
$316,124
CITY OF ST. ANTHONY
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
DECEMBER 31. 1983 AND 1982
ASSETS
Cash and Short -Term Investments
(Deficit)
Accounts Receivable
Special Assessments Receivable
Unremitted
Delinquent
Deferred
Totals
SCHEDULE 15
Revolving Debt Service Combined
Fund Fund 1983 1982
($ 53,654) $651,897 $598,243 $406,810
149,510
1,767
127,263
S 75 'i 7f.
8,627
3,323
181,132
SRLL 070
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable $ 8,072
Bonds Payable $395,000
Total Liabilities 8,072 395,000
Fund Balance
Appropriated 48,561
Unappropriated 67,304 401,418
Total Fund Balance 67,304 449,979
Totals $ 75,376 $844,979
-31-
10,394
414
3,323
8,274
308,395
389,686
$920,355
$954,694
$ 8,072
$ 5,767
395,000
500,000
403,072
505,767
48,561
70,494
468,722
378,433
517,283
448,927
$920,355
$954,694
CITY OF ST. ANTHONY
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Revenue
Intergovernmental Revenue
State Aid - Construction
Other Revenue
Interest Earned
Interest on Assessments
Special Assessments
Reimbursement of Improvement Costs
Other
Total Revenue
1,193
Debt
Revolving
Service
Fund
Fund
68,356
$ 412
400,915
448,927
$ 67,304
$ 53,659
18,522
16,830
1,193
681
19,715
71,170
20,127
71,170
Other Sources
Transfer from Other Funds
General Reserve Fund
State Aid Construction Fund 20,705
Total Other Sources 20,705
Total Revenue and Other Sources 40,832
Expenditures
Improvement Costs - Contracted Services
Interest
Interest on Bonds
Service Charges
Other
Total Expenditures
Excess of Revenue and Other
Sources Over Expenditures
Fund Balance at Beginning of Year
Fund Balance at End of Year
10,645
10,895
71,170
21,933
173
SCHEDULE 16
Combined
1983 1982
$ 412 $202,603
53,659
35,352
1,874
90,885
91,297
20,705
20,705
112,002
10,645
10,895
21,933
173
21,540
22,106
43,646
19,292
49,064
68,356
48,012
400,915
448,927
$ 67,304
$449,979
$517,283
-32-
70,183
24,856
104,168
158,784
38
358,029
560,632
12,323
174,701
187,024
747,656
605,527
17,649
26,656
154
93
650,079
97,577
351,350
$448,927
CITY OF ST. ANTHONY
GENERAL DEBT SERVICE FUND
BALANCE SHEET
DECEMBER 31, 1983
ASSETS
Cash and Short -Term Investments
Taxes Receivable
Unremitted
Delinquent
Allowance for Delinquent Taxes Receivable
Total
Fund Balance - Unappropriated
FUND BALANCE
-33-
SCHEDULE 17
$1,282
209
490
(490)
$1,491
$1,491
CITY OF ST. ANTHONY SCHEDULE 18
GENERAL DEBT SERVICE FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1983
Revenue
General Property Taxes
Taxes $24,110
Fiscal Disparities Distribution 1,465
25,575
Intergovernmental Revenue
State Property Tax Relief Fund —
Homestead Credit 6,639
Total Revenue 32,214
Expenditures — Debt Service
Debt Retirement 30,000
Interest 723
Total Expenditures 30,723
Excess of Revenue Over Expenditures
and Fund Balance at End of Year
—34—
$ 1,491
09f1M
CITY OF ST. ANTHONY
SCHEDULE 19
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1983 AND 1982
Liquor
Utility
Combined
ASSETS
Fund
Funds
1983
1982
Current Assets
Cash and Short -Term Investments
$ 169,271
$ 101,909
$ 271,180
$ 560,635
Petty Cash and Change Funds
103,275
103,275
88,175
Accounts Receivable
112,491
112,491
118,498
Other Receivables
372
372
19,543
Inventories, at Lower of Cost or Market
572,880
1,406
574,286
347,160
Prepaid Insurance
6,230
4,664
10,894
9,162
Total Current Assets
851,656
220,842
1,072,498
1,143,173
Property, Plant and Equipment - At Cost
Land and Improvements
11,152
10,651
21,803
21,803
Buildings and Structures
489,721
674,202
1,163,923
1,149,663
Distribution and Collection System
2,514,512
2,514,512
2,514,382
Furniture, Fixtures and Equipment
343,269
186,045
529,314
454,645
844,142
3,385,410
4,229,552
4,140,493
Less Accumulated Depreciation
432,887
1,875,703
2,308,590
2,185,487
Total Property, Plant and Equipment
411,255
1,509,707
1,920,962
1,955,006
Other Assets
Restricted Cash and Short -Term Investments -
Severance
9,260
9,260
9,260
Other Receivables - Metropolitan Waste Control
Commission
121,744
121,744
132,315
Total Other Assets
_9,260
121,744
131,004
141,575
Totals
$1,272,171
$1,852,293
$3,124,464
$3,239,754
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
$ 87,421
$ 15,718
$ 103,139
$ 69,154
Accrued Payroll and Related Taxes
9,116
3,186
12,302
11,379
Accrued Sales Tax
36,453
36,453
17,412
Due to General Fund
48,125
48,125
Meter Deposits
55,108
55,108
52,693
Total Current Liabilities
181,115
74,012
255,127
150,638
Other Liabilities
Deferred Income
2,600
2,600
8,125
Deferred Gain on Disposal of Property and
Equipment - Metropolitan Waste Control Commission
106,803
106,803
111,136
Total Other Liabilities
109,403
109,403
119,261
Total Liabilities
181,115
183,415
364,530
269,899
Fund Equity
Contributed Capital
1,144,298
1,144,298
1,190,227
Retained Earnings
Reserved for Severance Payments
9,260
9,260
9,260
Unreserved
1,081,796
524,580
1,606,376
1,770,368
Total Fund Equity
_1,_09_1_,0_5
1,668,878
2,7- 5�
2-999,855
Totals
$J,272,171
$1,852,293
$3,124,464
$3,239,754
09f1M
CITY OF ST. ANTHONY
ENTERPRISE FUNDS
COMBINING STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1983 AND 1982
Sales and Cost of Sales
Sales
Cost of Sales
Gross Profit
Operating Income
User Charges
Other
Gross Operating Income
Total Gross Profit and Operating Income
Operating Expenses
Personal Services
Supplies
Contracted Services and Other Charges
Disposal Charges
Depreciation
Total Operating Expenses
Operating Income (Loss)
Other Income
Commissions
Check Cashing
Credits and Refunds Received
Interest Earned
Miscellaneous
Total Other Income
Other Expense
Interest
Miscellaneous
Total Other Expense
Net Income (Loss) for Year
Retained Earnings at Beginning of Year
Redistribution of Depreciation to Contributed Capital
Transfers to General Fund
Retained Earnings at End of Year
-36-
SCHEDULE 20
Liquor
Utility
Combined
Fund
Funds
1983
1982
$2,521,561
$2,521,561
$2,472,619
1,622,479
1,622,479
1,508,073
899,082
899,082
964,546
$459,495
459,495
488,234
4,884
4,884
3,437
464,379
464,379
491,671
899,082
464,379
1,363,461
1,456,217
440,504
140,735
581,239
583,161
23,318
19,025
42,343
44,068
161,974
152,874
314,848
252,913
252,233
252,233
259,479
39,206
84,518
123,724
118,241
665,002
649,385
1,314,387
1,257,862
234,080
(185,006)
49,074
198,355
18,453
18,453
23,992
40,097
40,097
37,979
14,303
14,303
45,285
37,790
23,286
61,076
78,017
4,473
2,905
7,378
6,046
100,813
40,494
141,307
191,319
334,893
(144,512)
190,381
389,674
13,161
13,161
14,340
1,891
250
2,141
2,259
1,891
13,411
15,302
16,599
333,002
(157,923)
175,079
373,075
1,143,054
636,574
1,779,628
1,732,626
45,929
45,929
45,927
(385,000)
(385,000)
(372,000)
$1,091,056
$524,580
$1,615,636
$1,779,628
CITY OF ST. ANTHONY
ENTERPRISE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL PO
YEARS ENDED DECEMBER 31, 1983 AND 1982
Working Capital Provided By
Operations
Net Income (Loss) for Year
Adjustment for Items Not Affecting Working Capital
Depreciation
Loss on Disposal of Equipment
Total Working Capital Provided By (Applied To) Operations
Proceeds from Disposal of Equipment
Decrease in Other Receivables
Total Working Capital Provided (Applied)
Working Capital Applied To
Transfers to General Fund
Acquisition of Plant and Equipment
Decrease in Other Liabilities
Total Working Capital Applied
Increase (Decrease) in Working Capital
Changes in Working Capital By Components
Increases (Decreases) in Current Assets
Cash and Short -Term Investments
Petty Cash and Change Funds
Accounts Receivable
Other Receivables
Inventories
Prepaid Insurance
Increases (Decreases) in Current Liabilities
Accounts Payable
Accrued Payroll and Related Taxes
Accrued Sales Tax
Due to General Fund
Meter Deposits
Increase (Decrease) in Working Capital
Working Capital at Beginning of Year
Working Capital at End of Year
-37-
SCHEDULE 21
Liquor
Utility
Combined
Fund
Funds
1983
1982
$333,002
($157,923)
$175,079
$373,075
39,206
84,518
123,724
118,241
250
250
117
372,208
(73,155)
299,053
491,433
335
10,571
10,571
13,699
372,208
62,584)
309,624
505,467
385,000
385,000
372,000
88,929
1,001
89,930
47,686
9,858
9,858
13,091
473,929
10,859
484,788
432,777
($101,721)
($ 73,443)
($175,164)
$ 72,690
($251,655)
($ 37,800)
($289,455)
$ 52,846
15,100
15,100
(6,007)
(6,007)
14,840
(5,847)
(13,324)
(19,171)
(462)
227,361
(235)
227,126
4,269
(353)
2,085
1,732
(11,040)
157394)
55,281)
70,675)
60,453
18,616
15,369
33,985
(16,571)
545
378
923
(147)
19,041
19,041
2,806
48,125
48,125
2,415
2,415
1,675
86,327
18,162
104,489
12,237)
(101,721)
(73,443)
(175,164)
72,690
772,262
220,273
992,535
919,845
$670,541
$146,830
$817,371
$992,535
CITY OF ST. ANTHONY SCHEDULE 22
LIQUOR FUND
BALANCE SHEET
DECEMBER 31, 1983 AND 1982
ASSETS 1983 1982
Current Assets
Cash and Short -Term Investments $ 169,271 $ 420,926
Petty Cash and Change Funds 103,275 88,175
Accrued Interest Receivable 5,847
Inventory of Merchandise, at Lower of Cost or Market 572,880 345,519
Prepaid Insurance 6,230 6,583
Total Current Assets 851,656 867,050
Property, Plant and Equipment - At Cost
Land and Improvements 11,152 11,152
Building and Structures 489,721 475,461
Furniture, Fixtures and Equipment 343,269 268,600
844,142 755,213
Less Accumulated Depreciation 432,887 393,681
Total Property, Plant and Equipment 411,255 361,532
Other Asset
Restricted Cash and Short -Term Investments -
Severance 9,260 9,260
Totals $1,272,171 $1,237,842
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
$ 87,421
$ 68,805
Accrued Payroll and Related Taxes
9,116
8,571
Accrued Sales Tax
36,453
17,412
Due to General Fund
48,125
Total Current Liabilities
181,115
94,788
Fund Equity
Retained Earnings
Reserved for Severance Payments
9,260
9,260
Unreserved
1,081,796
1,133,794
Total Fund Equity
1,091,056
1,143,054
Totals
$1,272,171
$1,237,842
-38-
CITY OF ST. ANTHONY SCHEDULE 23
LIQUOR FUND
STATEMENT OF INCOME AND CHANGES IN RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1983 AND 1982
Sales
Cost of Sales
Gross Profit
Operating Expenses
Personal Services
Supplies
Contracted Services and Other Charges
Depreciation
Total Operating Expenses
Operating Income
Other Income
Commissions
Check Cashing
Interest Earned
Miscellaneous
Total Other Income
Other Expense
Miscellaneous
Net Income
Retained Earnings at Beginning of Year
Transfer to General Fund
Retained Earnings at End of Year
1983
Percent
Total of Sales
$2,521,561 100.00%
1,622,479 64.34
899,082 35.66
1982
Percent
Total of Sales
$2,472,619 100.00%
1,508,073 60.99
964,546 39.01
440,504
17.47
441,280
17.85
23,318
.93
26,516
1.07
161,974
6.42
129,026
5.22
39,206
1.56
35,503
1.43
665,002
26.38
632,325
25.57
234,080
9.28
332,221
13.44
18,453
.73
40,097
1.59
37,790
1.50
4,473
.18
100,813 4.00
334,893 13.28
1,891 .07
333,002 13.21%,
1,143,054
(385,000)
$1,091,056
-39-
23,992
.97
37,979
1.53
46,166
1.87
1,365
.06
109,502 4.43
441,723 17.87
1,807
439,916
1,068,138
(365,000)
$1,143,054
Eon
17.79%
CITY OF ST. ANTHONY
LIQUOR FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
YEARS ENDED DECEMBER 31, 1983 AND 1982
Working Capital Provided By
Operations
Net Income for Year
Adjustment for Items Not Affecting Working Capital
Depreciation
Gain on Disposal of Equipment
Total Working Capital Provided By Operations
Proceeds from Disposal of Equipment
Total Working Capital Provided
Working Capital Applied To
Transfer to General Fund
Acquisition of Equipment
Total Working Capital Applied
Increase (Decrease) in Worki
Changes in Working Capital By Components
Increases (Decreases) in Current Assets
Cash and Short -Term Investments
Petty Cash and Change Funds
Accrued Interest Receivable
Inventory
Prepaid Insurance
Increases (Decreases) in Current Liabilities
Accounts Payable
Accrued Payroll and Related Taxes
Accrued Sales Tax
Due to General Fund
Ca
Increase (Decrease) in Working Ca
Working Capital at Beginning of Year
Working Capital at End of Year
-40-
1
1983
$333,002
39,206
372,208
372,208
385,000
88,929
473,929
($101,721)
($251,655)
15,100
(5,847)
227,361
(353)
(15,394
18,616
545
19,041
48,125
86,327
1 (101,721)
772,262
$670,541
SCHEDULE 24
1982
$439,916
35,503
(335)
475,084
335
475,419
365,000
15,462
380,462
$ 94,957
$ 85,169
4,497
4,439
(7,829)
86,276
(11,033)
(454)
2,806
8,681)
94,957
677,305
$772,262
CITY OF ST. ANTHONY SCHEDULE 25
LIQUOR FUND
STATEMENT OF OPERATING EXPENSES
YEARS ENDED DECEMBER 31, 1983 AND 1982
Salaries
1983 1982
On Sale
$142,031
$155,696
Off Sale
125,331
122,519
Custodians
22,327
22,560
Managers
61,802
59,066
Bookkeepers
36,094
32,482
Employees' Insurance
17,038
12,459
Pension Contributions
35,881
36,498
Personal Services
440,504
441,280
Laundry
3,480
5,988
On Sale Supplies
4,058
6,641
Off Sale Supplies
7,324
6,413
Cleaning Supplies
3,284
2,543
Office Expense
5,172
4,931
Supplies
23,318
26,516
Rentals and Leases
25,302
18,126
Utilities
28,579
28,549
Repairs, Maintenance and Janitorial
28,545
21,276
Insurance
34,568
30,644
Telephone
3,267
2,132
Sanitation
2,787
2,776
Security
4,698
4,052
Advertising and Decorating
16,005
4,644
Accounting and Other Services
5,463
5,733
Travel
3,810
2,760
Music
8,950
7,360
Other
974
Contracted Services and Other Charges
161,974
129,026
Depreciation
39,206
35,503
Totals
$665,002
$632,325
-41-
ASSETS
Current Assets
Cash and Short -Term Investmeni
Accounts Receivable
Other Receivables
Inventory of Supplies, at Low(
Prepaid Insurance
Total Current Assets
Property, Plant and Equipment -
Land and Improvements
Building and Structures
Distribution and Collection S,
Equipment
Less Accumulated Depreciation
Total Property, Plant and
Other Receivables
Metropolitan Waste Control Coi
Totals
LIABILITIES AND FUP
Current Liabilities
Accounts Payable
Accrued Payroll and Related T:
Meter Deposits
Total Current Liabilities
Other Liabilities
Deferred Income
Deferred Gain on Disposal of I
Equipment - Metropolitan Wa!
Total Other Liabilities
Total Liabilities
Fund Equity
Contributed Capital
Retained Earnings
Total Fund Equity
Totals
CITY OF ST. ANTHONY
UTILITY FUNDS
COMBINING STATEMENT OF CHANGES IN FUND EQUITY
YEARS ENDED DECEMBER 31. 1983 AND 1982
Contributed Capital
Balance at Beginning of Year
Redistribution of Depreciation
from Retained Earnings
Balance at End of Year
Retained Earnings
Balance at Beginning of Year
Net Loss for Year
Redistribution of Depreciation
to Contributed Capital
Transfer to General Fund
Balance (Deficit) at End of Year
SCHEDULE 27
Water Sewer Combined
Fund Fund 1983 1982
$670,166 $520,061 $1,190,227 $1,236,154
(25,003) (20,926) (45,929) (45,927)
$645,163 $499,135 $1,144,298 $1,190,227
$590,335 $ 46,239 $ 636,574
(77,695) (80,228) (157,923)
25,003 20,926 45,929
$537,643 ($ 13,063) $ 524,580
-43-
$ 664,488
(66,841)
45,927
(7,000)
$ 636,574
CITY OF ST. ANTHONY
UTILITY FUNDS
COMBINING STATEMENT OF OPERATIONS
YEARS ENDED DECEMBER 31, 1983 AND 1982
Operating Income
Water Sales
Sewer Charges
Other
Total Operating Income
Operating Expenses
Personal Services
Supplies
Contracted Services
Disposal Charges
Depreciation
and Other Charges
Total Operating Expenses
Operating Loss
Other Income
Permits
Interest Earned
Miscellaneous
Metropolitan Waste Control
Commission Credits Received
Refund of Prior Period's Disposal
Total Other Income
Other Expense
Interest
Loss on Disposal of Equipment
Total Other Expense
Net Loss
Charges
-44-
Water
Fund
Sewer
Fund
SCHEDULE 28
Combined
1983 1982
$175,133 $175,133 $179,193
$284,362 284,362 309,041
4,884 4,884 3,437
180,017 284,362 464,379 491,671
85,116
55,619
140,735
141,881
14,005
5,020
19,025
17,552
124,654
28,220
152,874
123,887
252,233
252,233
259,479
57,877
26,641
84,518
82,738
281,652
367,733
649,385
625,537
(101,635) (83,371) (185,006) (133,866)
735
160
895
3,105
23,286
23,286
31,851
169
1,841
2,010
1,576
14,303
14,303
17,703
27,582
24,190
16,304
40,494
81,817
77,445
67,067)
(144,512)
(52,049)
13,161
13,161
14,340
250
250
452
250
13,161
13,411
14,792
($ 77,695)($ 80,228)($157,923)($ 66,841)
CITY OF ST. ANTHONY
UTILITY FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
YEARS ENDED DECEMBER 31, 1983 AND 1982
Working Capital Provided By
Operations
Net Loss for Year
Adjustment for Items Not Affecting
Working Capital
Depreciation
Loss on Disposal of Equipment
Working Capital Provided By
(Applied To) Operations
Decrease in Other Receivables
Total Working Capital
Provided (Applied)
Working Capital Applied To
Transfer to General Fund
Acquisition of Plant and Equipment
Decrease in Other Liabilities
Total Working Capital Applied
Increase (Decrease) in
Working Capital
Changes in Working Capital By Components
Increases (Decreases) in Current Assets
Cash and Short -Term Investments
Accounts Receivable
Other Receivables
Inventory
Prepaid Insurance
SCHEDULE 29
Water Sewer Combined
Fund Fund 1983 1982
($ 77,695)($80,228)($157,923)($ 66,841)
57,877 26,641 84,518 82,738
250 250 452
(19,568) (53,587) (73,155) 16,349
10,571 10,571 13,699
(19,568) (43,016) (62,584) 30,048
7,000
1,001 1,001 32,224
9,858 9,858 13,091
1,001 9,858 10,859 52,315
($ 20,569)($52,874)($ 73,443)($ 22,267)
($ 17,486)($20,314)($ 37,800)($ 32,323)
(1,135) (4,872) (6,007) 14,840
(13,324) (13,324) (4,959)
(235) (235) (170)
2,058 27 2,085 (3,211)
16,798) (38,483) 55,281) 25,823
Increases (Decreases) in Current Liabilities
Accounts Payable
Accrued Payroll and Related Taxes
Meter Deposits
Increase (Decrease) in
Working Capital
Working Capital (Deficit) at Beginning
of Year
Working Capital (Deficit) at End
of Year
-45-
782
14,587 15,369
(5,538)
574
(196) 378
307
2,415
2,415
1,675
31771
14,391 18,162
3,556)
(20,569) (52,874) (73,443) (22,267)
265,807 (45,534) 220,273 242,540
$245,238 ($98,408) $146,830 $220,273
CITY OF ST. ANTHONY
AGENCY FUND
BALANCE SHEET
DECEMBER 31. 1983 AND 1982
ASSETS
Cash and Short -Term Investments (Deficit)
Accounts Receivable
Totals
LIABILITY
Funds Held for Others
-46-
SCHEDULE 30
1983 1982
($14,541)
14,541
STATISTICAL SECTION
CITY OF ST. ANTHONY
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES
('Shown Year of Collectibility
Assessed Valuations
Assessed Valuations
Contribution to Fiscal
Disparities Pool
Distribution from Fiscal
Disparities Pool
Increment Financing
Taxable Valuations
Tax Levies
General
Capital Outlay
Housing and Redevelopment Authority
Totals
Mill Rates
General
Capital Outlay
Housing and Redevelopment Authority
Totals
1982
1983
1984
$56,543,303
$62,173,003
$64,554,066
(2,737,485)
(3,362,866)
(3,889,909)
2,574,446
2,997,403
3,524,608
(100,967)
(117,709)
$56,380,264
$61,706,573
$64,071,056
$ 590,607
$ 639,614
$ 705,001
32,704
15,000
3,013
21,311
7,500
$ 593,620
$ 693,629
$ 727,501
10.492
10.385
11.008
.531
.234
.056
.363
.117
10.548
11.279
11.359
aJWa
CITY OF ST. ANTHONY
TAX LEVIES AND COLLECTIONS
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
Current Percentage
Total
Year's Levy
of Levy
Year
Levy
Percentage
Collected
1979
Current
Percentage
Prior
1980
of Total
100,420
Total
Year's Levy
of Levy
Years' Levy
Total
Collections
Year
Levy
94.24
Collected
Collections
Collections
To Levy
1979
$479,845
$470,219
97.99%
$ 2,022
$472,241
98.42%
1980
509,892
504,555
98.95
8,226
512,781
100.57
1981
520,810
519,020
99.66
3,454
522,474
100.32
1982
593,620
575,557
96.96
2,003
577,560
97.29
1983
693,629
684,322
98.66
(1,563)
682,759
98.43
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
Current Percentage
-48-
Total
Year's Levy
of Levy
Year
Levy
Years' Levy
Collected
1979
$121,424
$110,070
90.65%,
1980
102,170
100,420
98.29
1981
102,125
100,722
98.63
1982
93,461
88,081
94.24
1983
113,689
112,622
99.06
-48-
Percentage
Prior
of Total
Years' Levy
Total
Collections
Collections
Collections
To Levy
$ 3,697
$113,767
93.69%
6,346
106,766
104.50
1,848
102,570
100.44
1,263
89,344
95.59
6,298
118,920
104.60
ASSETS
Current Assets
Cash and Short -Term Investments
Accounts Receivable
Other Receivables
Inventory of Supplies, at Lower
Prepaid Insurance
Total Current Assets
(Deficit)
of Cost or Market
Property, Plant and Equipment - At Cost
Land and Improvements
Building and Structures
Distribution and Collection System
Equipment
Less Accumulated Depreciation
Total Property, Plant and Equipment
Other Receivables
Metropolitan Waste Control Commission
Totals
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
Accrued Payroll and Related Taxes
Meter Deposits
Total Current Liabilities
Other Liabilities
Deferred Income
Deferred Gain on Disposal of Property and
Equipment - Metropolitan Waste Control Commission
Total Other Liabilities
Total Liabilities
Fund Equity
Contributed Capital
Retained Earnings
Total Fund Equity
Totals
-42-
CITY OF ST. ANTHONY
UTILITY FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1983 AND 1982
SCHEDULE 26
Water
Sewer
Combined
Fund
Fund
1983
1982
$ 257,938
($ 156,029)
$ 101,909
$ 139,709
41,012
71,479
112,491
118,498
372
372
13,696
1,406
1,406
1,641
3,358
1,306
4,664
2,579
303,714
82,872)
220,842
276,123
7,006
3,645
10,651
10,651
665,202
9,000
674,202
674,202
1,467,897
1,046,615
2,514,512
2,514,382
116,708
69,337
186,045
186,045
2,256,813
1,128,597
3,385,410
3,385,280
1,319,245
556,458
1,875,703
1,791,806
937,568
572,139
1,509,707
1,593,474
121,744
121,744
132,315
$1,241,282
$ 611,011
$1,852,293
$2,001,912
$ 1,131
$ 14,587
$ 15,718
$ 349
2,237
949
3,186
2,808
55,108
55,108
52,693
58,476
15,536
74,012
55,850
2,600
2,600
8,125
106,803
106,803
111,136
109,403
109,403
119,261
58,476
124,939
183,415
175,111
645,163
499,135
1,144,298
1,190,227
537,643
(13,063)
524,580
636,574
1,182,806
486,072
1,668,878
1,826,801
$1,241,282
$ 611,011
$1,852,293
$2,001,912
CITY OF ST. ANTHONY
COMBINED SCHEDULE OF BONDED INDEBTEDNESS
DECEMBER 31, 1983
Date
Interest Date of of Final
Rates Issue Maturity
Bonded Indebtedness
Special Assessment Improvement Bonds
Improvement Bonds of 1968 4.80-4.90% 10/1/68 1/1/90
Improvement Bonds of 1973 4.45-4.50 6/1/73 3/1/85
Total Bonded Indebtedness
-49-
Bonds
Due in 1984
Authorized
Issued
Redeemed
Outstanding
Principal
Interest
$ 960,000
$ 960,000
$ 720,000
$240,000
$ 40,000
$11,680
675,000
675,000
520,000
155,000
65,000
5,496
$1,635,000
$1,635,000
$1,240,000
$395,000
$105,000
$17,176
CITY OF ST. ANTHONY
BONDS PAYABLE
DECEMBER 31, 1983
Note - January 1, 1984 maturities are considered matured
December 31, 1983.
CITY OF ST. ANTHONY
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1983
Date of
Interest
Date of
Principal
Principal
Issue
Rate
Maturity
Amount
Special Assessment Improvement Bonds
$122,176
1985
130,000
11,785
Improvement Bonds of 1968
10/1/68
40,000
7,840
47,840
January 1, 1985 and 1986; $40,000
40,000
4.80%
1/1/85-86
$ 80,000
January 1, 1987 through 1990; $40,000
3,920
4.90
1/1/87-90
160,000
Total Improvement Bonds of 1968
41,960
Totals
$395,000
240,000
Improvement Bonds of 1973
6/1/73
March 1, 1984
4.45
3/1/84
65,000
March 1, 1985
4.50
3/1/85
90,000
Total Improvement Bonds of 1973
155,000
Total Special Assessment Improvement Bonds
$395,000
Note - January 1, 1984 maturities are considered matured
December 31, 1983.
CITY OF ST. ANTHONY
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1983
Note - January 1 maturities are considered matured December 31
of the preceding year.
-50-
Special
Assessment Improvement Bonds
Principal
Interest
Total
1984
$105,000
$17,176
$122,176
1985
130,000
11,785
141,785
1986
40,000
7,840
47,840
1987
40,000
5,880
45,880
1988
40,000
3,920
43,920
1989
40,000
1,960
41,960
Totals
$395,000
$48,561
$443,561
Note - January 1 maturities are considered matured December 31
of the preceding year.
-50-