HomeMy WebLinkAbout2012 CAFRCITY OF COLUMBIA HEIGHTS
STATE OF MINNESOTA
PREPARED BY:
FINANCE DEPARTMENT
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED
DECEMBER 31, 2012
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Page
ReferenceNo.
I. INTRODUCTORY SECTION
Principal City Officials 3
Organizational Chart 4
Letter of Transmittal 5
Certificate of Achievement for Excellence in Financial Reporting9
II. FINANCIAL SECTION
Independent Auditor's Report 13
Management's Discussion and Analysis 17
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net PositionStatement 132
Statement of ActivitiesStatement 234
Fund Financial Statements:
Balance Sheet - Governmental FundsStatement 336
Statement of Revenues, Expenditures and Changes in Fund Balance -
Governmental FundsStatement 438
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of ActivitiesStatement 541
Statement of Net Position - Proprietary FundsStatement 642
Statement of Revenues, Expenses and Changes in Fund Net Position -
Proprietary FundsStatement 744
Statement of Cash Flows - Proprietary FundsStatement 846
Statement of Fiduciary Net Position - Fiduciary FundsStatement 950
Notes to Financial Statements 51
Required Supplementary Information:
Budgetary Comparison Schedule - General FundStatement 1082
Schedule of Funding Progress for the Retiree Health PlanStatement 1184
Budgetary Comparison Schedule - Note to RSI85
CITY OF COLUMBIA HEIGHTS, MINNESOTA
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Combining and Individual Fund Statements and Schedules:
Combining Balance Sheet - Nonmajor Governmental FundsStatement 1290
Combining Statement of Revenues, Expenditures and Changes in Fund Balance -
Nonmajor Governmental FundsStatement 1391
Subcombining Balance Sheet - Nonmajor Special Revenue FundsStatement 1496
Subcombining Statement of Revenues, Expenditures and Changes in
Fund Balance - Nonmajor Special Revenue FundsStatement 1598
Special Revenue Funds:
Schedules of Revenues, Expenditures and Changes in
Fund Balance:
Budget and Actual - Cable Television FundStatement 16100
Actual - Police Forfeiture FundStatement 17101
Actual - Police Grants FundStatement 18102
Budget and Actual - Library FundStatement 19103
Actual - After School Programs FundStatement 20104
Actual - Recreation Contributed Projects FundStatement 21105
Actual - Contributed Projects - Other FundStatement 22106
Actual - Special Projects FundStatement 23107
Budget and Actual - Community Development FundStatement 24108
Actual - Anoka County Comm Dev Programs FundStatement 25109
Economic Development Authority (Component Unit):
Budgetary Comparison Schedule - Administration FundStatement 26110
Housing and Redevelopment Authority (Component Unit):
Combining Balance SheetStatement 27111
Combining Statement of Revenues, Expenditures and Changes in
Fund BalanceStatement 28112
Schedules of Revenues, Expenditures and Changes in
Fund Balance:
Budget and Actual - Parkview Villa North FundStatement 29113
Budget and Actual - Parkview Villa South FundStatement 30114
CITY OF COLUMBIA HEIGHTS, MINNESOTA
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Subcombining Balance Sheet - Nonmajor Debt Service Funds Statement 31116
Subcombining Statement of Revenues, Expenditures and Changes in
Fund Balance - Nonmajor Debt Service Funds Statement 32118
Subcombining Balance Sheet - Nonmajor Capital Project Funds Statement 33123
Subcombining Statement of Revenues, Expenditures and Changes in
Fund Balance - Nonmajor Capital Project Funds Statement 34124
Enterprise Funds:
Water Utility Fund:
Subcombining Schedule of Net Position Statement 35126
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net Position Statement 36127
Subcombining Schedule of Cash Flows Statement 37128
Sewer Utility Fund:
Subcombining Schedule of Net Position Statement 38129
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net Position Statement 39130
Subcombining Schedule of Cash Flows Statement 40131
Refuse Utility Fund:
Subcombining Schedule of Net Position Statement 41132
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net Position Statement 42133
Subcombining Schedule of Cash Flows Statement 43134
Storm Sewer Utility Fund:
Subcombining Schedule of Net Position Statement 44135
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net Position Statement 45136
Subcombining Schedule of Cash Flows Statement 46137
Liquor Fund:
Subcombining Schedule of Net Position Statement 47139
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net Position Statement 48140
Subcombining Schedule of Cash Flows Statement 49142
Internal Service Funds:
Combining Statement of Net Position Statement 50146
Combining Statement of Revenues, Expenses and Changes in Fund
Net Position Statement 51147
Combining Statement of Cash Flows Statement 52148
CITY OF COLUMBIA HEIGHTS, MINNESOTA
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Central Garage Fund:
Subcombining Schedule of Net Position Statement 53149
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net PositionStatement 54150
Subcombining Schedule of Cash FlowsStatement 55151
Information Systems Fund:
Subcombining Schedule of Net Position Statement 56152
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net PositionStatement 57153
Subcombining Schedule of Cash FlowsStatement 58154
Insurance Fund:
Subcombining Schedule of Net Position Statement 59155
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net PositionStatement 60156
Subcombining Schedule of Cash FlowsStatement 61157
Compensated Absences Fund:
Subcombining Schedule of Net Position Statement 62158
Subcombining Schedule of Revenues, Expenses and Changes in
Fund Net PositionStatement 63159
Subcombining Schedule of Cash FlowsStatement 64160
Combining Statement of Changes in Assets and Liabilities - Agency FundsStatement 65162
III. STATISTICAL SECTION (UNAUDITED)
Financial Trends:
Net Position by Component Table 1 166
Changes in Net Position Table 2 168
Fund Balances - Governmental Funds Table 3 172
Changes in Fund Balances - Governmental Funds Table 4 174
Revenue Capacity:
Tax Capacity Value and Estimated Market Value of All Taxable Property Table 5 178
Direct and Overlapping Property Tax Rates Table 6 179
Principal Property Taxpayers Table 7 181
Property Tax Levies and Collections Table 8 182
CITY OF COLUMBIA HEIGHTS, MINNESOTA
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Debt Capacity:
Ratios of Outstanding Debt by TypeTable 9184
Ratios of Outstanding Net General Bonded Debt by TypeTable 10186
Direct and Overlapping Governmental Activities DebtTable 11188
Legal Debt Margin InformationTable 12189
Pledged Revenue Coverage Non-Obligation DebtTable 13190
Demographic and Economic:
Demographic and Economic StatisticsTable 14191
Principal EmployersTable 15193
Operating Information:
City Government Employees by Function/ProgramTable 16194
Operating Indicators by Function/ProgramTable 17196
Capital Asset Statistics by Function/ProgramTable 18198
IV. OTHER REQUIRED REPORTS SECTION
Minnesota Legal Compliance Report 203
Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed in Accordance
with Government Auditing Standards 205
Report on Supplementary Information - Financial Data Schedule207
U.S. Department of Housing and Urban Development:
Financial Data Schedule 209
Financial Data Schedule - Statement and Certification of Actual Modernization Costs211
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I. INTRODUCTORY SECTION
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
December 31, 2012
Name Official Title
Mayor and Council:
Gary L. PetersonMayor
Tammera Ericson DiehmCouncilmember
Donna SchmittCouncilmember
Bruce NawrockiCouncilmember
Robert A. WilliamsCouncilmember
Administration:
Walter Fehst City Manager
Linda Magee Assistant to City Manager
Joseph Kloiber Treasurer, Finance Director
Jim Hoeft City Attorney
Kevin Hansen Public Works Director, City Engineer
Scott Nadeau Chief of Police
Gary Gorman Chief of Fire
Renee Dougherty Librarian
Scott Clark Community Development Director
Keith Windschitl Recreation Services Director
Larry Scott Liquor Operations Manager
Lauren McClanahan Superintendent of Public Works
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Service Is Our Business
THE CITY OF COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN EMPLOYMENT OR THE PROVISION OF SERVICES
EQUAL OPPORTUNITY EMPLOYER
City of Columbia Heights
Finance Department
590 40th Avenue N.E. Columbia Heights, MN 55421-3878 Office (763) 706-3600 TDD (763) 706-3692 Fax (763) 706-3637
June 28, 2013
To the Citizens of the City of Columbia Heights,
Mayor, Council Members, and City Manager
The Comprehensive Annual Financial Report of the City of Columbia Heights for the fiscal year
ended December 31, 2012, is hereby submitted. The City’s management assumes responsibility
for both the completeness and reliability of the information contained in this report, based on a
comprehensive framework of internal control that it has established for this purpose. Because
the cost of internal control should not exceed its 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 (“clean”)
opinion on the City of Columbia Heights financial statements for the year ended December 31,
2012. Their independent auditors’ report is located at the front of the financial section of this
report.
State law requires Minnesota cities to issue by June 30th of each year a complete set of audited
financial statements for the preceding fiscal year ended December 31st. In addition, state law
requires that Minnesota cities undergo an annual Minnesota Legal Compliance Audit.
Generally accepted accounting principles require that management provide a narrative
introduction, overview, and analysis to accompany the basic financial statements in the form of
Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to
complement the MD&A and should be read in conjunction with it. The City of Columbia
Heights’ MD&A can be found immediately following the report of the independent auditors.
PROFILE OF THE GOVERNMENT
The City of Columbia Heights, a suburb located north of the City of Minneapolis in Anoka
County in east-central Minnesota, was originally incorporated as a village in 1898. In 1921,
pursuant to the adoption of a home rule City Charter by the qualified voters of the City, a
council-manager form of government, was instituted.
The City Council consists of a Mayor and four Council Members. All are elected at-large, on a
non-partisan basis. The Mayor serves a two-year term and the Council Members serve four-year
terms. The City Manager is appointed by the City Council. The City covers an area of 3.52
square miles and currently has a population of 19,619. The City is empowered to levy a tax on
both real and personal property within its boundaries.
Information Systems
Financial Reporting
Accounts Payable
Utility Billing
Payroll
5
All City funds, departments, commissions and other organizations for which the City of
Columbia Heights is financially accountable, including all component units, are presented within
the Comprehensive Annual Financial Report. The Columbia Heights Housing and
Redevelopment Authority (HRA) and the Columbia Heights Economic Development Authority
(EDA) are included in the reporting entity as blended component units of the City of Columbia
Heights due to the fact that the governing boards are substantively the same and the City is in a
relationship of financial benefit/burden with the authorities.
The City provides a full range of services to its citizens. These services include, but are not
limited to, police and fire protection; water and sanitation services; the construction and
maintenance of highways, streets, and infrastructure; library; recreational facilities; and general
administrative services.
LOCAL ECONOMY
The City is located within the varied and stable economic base of the Minneapolis-Saint Paul
greater metropolitan area, which is a major center for both the state and the Upper-Midwest. As
such, there has been a relatively stable level of employment for City residents and this is
expected to continue. In 2012, the largest employers located within the boundaries of the City
included Independent School District 13 and one division of Medtronic Inc., a medical device
manufacturer.
With its close proximity to the Minneapolis downtown area (4 miles), the City of Columbia
Heights offers opportunities for many people to live close to where they work, and this has
helped maintain demand for housing in the City. However, as an older, fully developed, inner-
ring suburb of the City of Minneapolis, the management and residents of the City of Columbia
Heights are faced with the problems of an aging infrastructure, crime, and dependency on state
aid to supplement local revenues. The recent sharp rise nation-wide in home mortgage
foreclosures has also been reflected locally. The City Council and the City’s management are
taking a proactive approach to dealing with these concerns, and they currently have a number of
initiatives in progress to address them. Some of these are described below.
LONG-TERM FINANCIAL PLANNING
The City has a planned Street Rehabilitation Program including, as needed, water mains, sanitary
sewer and storm sewer improvements. The program divides the City into seven street
rehabilitation zones and calls for approximately one zone to be rehabilitated every one to two
years. A portion of cost of street rehabilitation is charged to the benefiting properties in the form
of special assessments. In some cases, the City issues bonds to initially finance the project,
repaying the bonds with special assessments collected over a number of years.
Historically, state aid revenue has been a key component of the City’s operating budget. In
recent years, the amount provided by the state has been unpredictable, significantly reduced, and
sometimes reduced retroactively. To provide for more stable operations, the City’s management
has developed a multi-year financial plan significantly reduces the role of state aid in the City’s
operating budget by 2013. Under the plan after 2012, state aid, when available, would primarily
6
be used to reduce the City’s bond levies and/or for capital outlay. The current City Council has
reached consensus of opinion in support of the plan. Implementation of this plan is of course
dependent on the annual property tax levy and operating budget actually adopted by the City
Council each year.
RELEVANT FINANCIAL POLICIES
By Council resolution, a formal policy has been adopted regarding the minimum unassigned
fund balance for the general fund. The goal of the policy is to begin each year with sufficient
working capital to fund operations. The policy establishes a year-end targeted unassigned fund
balance of 45% of the general fund budgeted expenditures for the subsequent year. At December
31, 2012, the unassigned fund balance in the general fund was sufficient to meet this goal.
The City’s policy is to budget and recognize license and permit revenues of the community
development function, such as building permit revenue, in the Community Development Fund, a
non-major special revenue fund. License and permit revenues of other functions are budgeted
and recognized in the general fund. For this reason, license and permit revenues in the general
fund are often lower than other comparable Minnesota Cities, which more commonly budget for
and recognize all license and permit revenues in the general fund.
CURRENT MAJOR INITIATIVES
As in much of the nation, home prices in the City have dropped sharply over the last few years.
Given this, plus the age of the City’s housing stock, the Economic Development Authority has
implemented a program of purchasing and demolishing substandard residential property to create
an inventory of redevelopment property available for resale when the housing market recovers.
In December, the City purchased a large commercial property in the City’s central business
district, adjacent to other real estate held for resale by the City. This creates a 3.46 acre parcel
available for redevelopment.
In 2012, a citizen task force began studying the need and options for replacement or significant
expansion of the City library.
AWARD AND AKNOWLEDGEMENTS
The Government Finance Officers' Association (GFOA) awarded a Certificate of Achievement
for Excellence in Financial Reporting to the City of Columbia Heights, Minnesota for its
Comprehensive Annual Financial Report for the year ended December 31, 2011. The Certificate
of Achievement is a prestigious national award that recognizes conformity with the highest
standards for preparation of state and local government financial reports. In order to be awarded
a Certificate of Achievement, a government unit must publish an easily readable and efficiently
organized Comprehensive Annual Financial Report whose contents conform to program
standards. The CAFR must satisfy both generally accepted accounting principles and applicable
legal requirements.
7
A Certificate of Achievement is valid for a period of one year only. We believe our current
report continues to conform to the Certificate of Achievement program requirements, and we are
submitting it to the GFOA.
The preparation of the Comprehensive Annual Financial Report on a timely basis was made
possible by the dedicated service of the entire staff of the Finance Department. Each member of
the department has our sincere appreciation for the contributions made in the preparation of this
report.
In closing, without the leadership and support of the City Manager and City Council, preparation
of this report would not have been possible.
Sincerely,
Joseph P. Kloiber
Finance Director
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II. FINANCIAL SECTION
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4810 White Bear Parkway White Bear Lake, MN 55110 651.426.7000 651.426.5004 fax www.hlbtr.com
Equal Opportunity Employer 100-Percent Employee-Owned
HLB Tautges Redpath is a member of HLB International, a world-wide network of independent accounting firms and business advisors.
INDEPENDENT AUDITOR'S REPORT
To the Honorable Mayor and
Members of the City Council
City of Columbia Heights, 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 Columbia Heights, Minnesota, as of and for the year ended December 31, 2012, 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.
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 Columbia Heights,
Minnesota, as of December 31, 2012, 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.
Report on Summarized Comparative Information
We have previously audited the City of Columbia Heights, Minnesota’s 2011 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 28, 2013. In our opinion, the summarized
comparative information presented herein as of and for the year ended December 31, 2011 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 the schedule of
funding progress as listed in the table of contents 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.
14
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City of Columbia Heights, Minnesota’s basic financial statements. The
introductory section, combining and individual fund financial statements, supplementary
financial information, statistical section, and other information section are presented for purposes
of additional analysis and are not a required part of the basic financial statements.
The combining and individual fund financial statements 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 fund financial statements and the
supplementary financial information are fairly stated in all material respects in relation to the
basic financial statements as a whole.
The introductory, statistical, and other information 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
28, 2013, on our consideration of the City of Columbia Heights, 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 Columbia Heights, Minnesota’s
internal control over financial reporting and compliance.
HLB TAUTGES REDPATH, LTD.
June 28, 2013
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MANAGEMENT’S DISCUSSION AND ANALYSIS
As management of the City of Columbia Heights, Minnesota (the City), we offer readers of the City
of Columbia Heights’ financial statements this narrative overview and analysis of the financial
activities of the City for the fiscal year ended December 31, 2012. 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 exceeded its liabilities at December 31, 2012, by $68,266,860 (net position).
Of this amount, $27,922,204 or 41% may be used to meet the City’s ongoing obligations to citizens
and creditors.
During 2012, the City’s total net position increased by $208,186 or less than 1% from the prior year.
Governmental activities decreased net position by $895,373 and the City’s business-type activities
increased net position by $1,103,559.
As of December 31, 2012, the combined fund balances of the City’s governmental funds were
$24,012,428. This is a decrease of $423,840 or 2% from the prior year. Approximately 90 percent
of this amount, $21,161,235 is available for use within the City’s constraints and policies.
As of December 31, 2012, unassigned fund balance for the General fund was $5,914,974; which
equals 63% of the total subsequent year General fund budgeted expenditures.
During 2012, the City’s total bonded debt decreased by $1,308,000 to an end of year total of
$24,337,000. This decrease was from the payment of principal due in the current year.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City’s basic financial
statements. The City’s basic financial statements are comprised of 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’s finances, in a manner similar to a private-sector
business.
The statement of net position presents information on all of the City’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 is improving or
deteriorating.
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Management’s Discussion and Analysis
The statement of activities presents information showing how the City’s net position changed during
the most recent fiscal year. All changes in net position are reported as soon as the underlying event
giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and
expenses are reported in this statement for some items that will only result in cash flows in future
fiscal periods (e.g. uncollected taxes and earned but unused vacation leave).
Both of the government-wide financial statements distinguish functions of the City that are
principally supported by taxes and intergovernmental revenues (governmental activities) from other
functions that are intended to recover all or a significant portion of their costs through user fees and
charges (business-type activities). The governmental activities of the City include general
government, public safety, public works, culture and recreation and community development. The
business-type activities of the City include water, sanitary sewer, refuse, storm sewer and liquor
operations.
The government-wide financial statements are presented as Statements 1 and 2 of this report.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain control
over resources that have been segregated for specific activities or objectives. The City, like other
state and local governments, uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements. All of the funds of the City can be divided into three categories:
governmental funds, proprietary funds, and fiduciary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on near-term
inflows and outflows of spendable resources, as well as on balances of spendable resources available
at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term
financial requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By
doing so, readers may better understand the long-term impact of the City’s near term financial
decisions. Both the governmental fund balance sheet and governmental fund statement of revenues,
expenditures, and change in fund balances provide a reconciliation to facilitate this comparison
between governmental funds and governmental activities.
Information is presented separately in the governmental fund balance sheet and in the governmental
fund statement of revenues, expenditures, and changes in fund balances for each major governmental
fund. The major governmental funds in 2012 are as follows:
General fund
2008A taxable G.O. housing improvement area bonds fund
Municipal state aid street fund
Capital improvements general government buildings fund
Capital equipment replacement general government fund
18
Management’s Discussion and Analysis
Capital improvements-PIR fund
Capital improvements development fund
Data from the other governmental funds are combined into a single, aggregated presentation.
Individual fund data for each of these non-major governmental funds is provided in the form of
combining statements elsewhere in this report.
The City adopts an annual appropriated budget for its general and certain special revenue funds listed
in the notes to the financial statements. A budgetary comparison statement has been provided for
each these funds to demonstrate compliance with this budget.
The basic governmental fund financial statements are presented as Statements 3 through 5 of this
report.
Proprietary funds. The City maintains two different types of proprietary funds. Enterprise funds are
used to report the same functions presented as business-type activities in the government-wide
financial statements. The City uses enterprise funds to account for its water, sewer, refuse, storm
sewer, and liquor operations. Internal service funds are an accounting device used to accumulate and
allocate costs internally among the City’s various functions. The City uses internal service funds to
account for its central garage, information systems, insurance, and compensated absences services.
Because the central garage, insurance and compensated absences services predominately benefit
governmental rather than business-type functions, they have been included within governmental
activities in the government-wide financial statements. And also, because the information systems
services predominately benefit the business-type functions, it has been included within the business-
type activities in the government-wide financial statements.
Proprietary funds provide the same type of information as the government-wide financial statements,
only in more detail. The proprietary fund financial statements provide separate information for the
water, sewer, refuse, storm sewer and liquor operations, all of which are considered to be major
funds of the City. Conversely, the internal service funds are combined into a single, aggregated
presentation in the proprietary fund financial statements. Individual fund data for the internal service
funds is provided in the form of combining statements elsewhere in this report.
The basic proprietary fund financial statements are presented as Statements 6 through 8 of this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties
outside the government. Fiduciary funds are not reflected in the government-wide financial
statements because the resources of those funds are not available to support the City’s own programs.
The accounting used for fiduciary funds is much like that used for proprietary funds.
The basic fiduciary fund financial statement is presented as Statement 9 of this report.
Notes to the financial statements. The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements.
19
Management’s Discussion and Analysis
Other information. Required supplementary information on funding progress for retiree health
benefits is presented as Statement 11 of this report. The combining statements referred to earlier in
connection with non-major governmental funds and internal service funds are presented immediately
following the schedule of funding progress for the retiree health plan. Combining and individual fund
statements and schedules are presented as Statements 12 through 65 of this report.
Government-wide Financial Analysis
As noted above, net position may serve over time as a useful indicator of a government’s financial
position. At December 31, 2012, the City’s assets exceeded its liabilities by $68,266,860.
$37,486,127 or 55% of the City’s net position reflects its investment in capital assets (e.g. land,
buildings, equipment and infrastructure) less any related debt used to acquire those assets that is still
outstanding. The City uses these capital assets to provide services to citizens; consequently, these
assets are not available for future spending. It should be noted that, although net position invested in
capital assets are reported net of related debt, the resources needed to repay this debt must be
provided from other sources, since the capital assets themselves cannot be used to liquidate these
liabilities.
In addition, a portion of the City’s net position represents resources that are subject to external
restrictions on how they may be used. The remaining balance of unrestricted net position,
$27,922,204 or 41% may be used to meet the City’s ongoing obligations to citizens and creditors.
At December 31, 2012, the City is able to report positive balances in all three categories of net
position, both for the City as a whole, as well as for its separate governmental and business-type
activities.
2012 2011 2012 2011 2012 2011
Assets:
Current and other assets $30,482,123$31,471,777$8,621,371$8,270,979$39,103,494$39,742,756
Capital assets 42,128,19243,322,05615,126,72414,906,22457,254,91658,228,280
Total assets $72,610,315 $74,793,833 $23,748,095 $23,177,203 $96,358,410 $97,971,036
Liabilities:
Current liabilities $2,400,190$2,853,908$1,491,206$1,685,835$3,891,396$4,539,743
Noncurrent liabilities 18,677,60319,512,0305,522,5515,860,59024,200,15425,372,620
Total liabilities $21,077,793$22,365,938$7,013,757$7,546,425$28,091,550$29,912,363
Net position:
Net invested in capital assets $27,666,461$28,095,261$9,819,666$9,331,167$37,486,127$37,426,428
Restricted 2,624,4663,213,455234,063381,4652,858,5293,594,920
Unrestricted 21,241,59521,119,1796,680,6095,918,14727,922,20427,037,326
Total net position $51,532,522$52,427,895$16,734,338$15,630,779$68,266,860$68,058,674
CITY OF COLUMBIA HEIGHTS' NET POSITION
TotalsGovernmental Activities Business-Type Activities
20
Management’s Discussion and Analysis
2012 2011 2012 2011 2012 2011
Revenues:
Program revenues:
Charges for services $2,180,021 $2,057,705 $15,278,335 $14,582,413$17,458,356$16,640,118
Operating grants and
contributions 825,773 930,251 62,471 66,163 888,244 996,414
Capital grants and
contributions 1,002,270 1,539,716 50,000 - 1,052,270 1,539,716
General revenues:
Property taxes 9,363,598 9,069,092 - - 9,363,598 9,069,092
Tax increment collections 553,050 558,861 - - 553,050 558,861
Grants and contributions not
restricted to specific programs 1,003,552 1,278,195 - - 1,003,552 1,278,195
Unrestricted investment earnings295,950 598,880 63,321 135,932 359,271 734,812
Gain on sale of capital assets
used in governmental activities 7,338 34,485 - - 7,338 34,485
Total revenues 15,231,552 16,067,185 15,454,127 14,784,508 30,685,679 30,851,693
Expenses:
General government 1,977,5942,039,680 - - 1,977,5942,039,680
Public safety 5,708,0095,549,678 - - 5,708,0095,549,678
Public works 3,200,5722,654,047 - - 3,200,5722,654,047
Culture and recreation 2,500,7192,576,409 - - 2,500,7192,576,409
Community development 2,157,9661,630,350 - - 2,157,9661,630,350
Interest on long-term debt 845,879909,858 - - 845,879909,858
Water - - 2,311,8582,370,0762,311,858 2,370,076
Sewer - - 1,464,2691,710,3811,464,269 1,710,381
Refuse - - 1,601,6481,561,6591,601,648 1,561,659
Storm sewer - - 329,998298,577 329,998 298,577
Liquor - - 8,378,9818,155,8888,378,981 8,155,888
Total expenses 16,390,739 15,360,022 14,086,754 14,096,581 30,477,493 29,456,603
Increase (decrease) in
net position before transfers (1,159,187) 707,163 1,367,373 687,927 208,186 1,395,090
Transfers 263,814 264,990 (263,814) (264,990) - -
Increase (decrease) in net position (895,373) 972,153 1,103,559 422,937 208,186 1,395,090
Net position - January 1 52,427,895 51,455,742 15,630,779 15,207,842 68,058,674 66,663,584
Net position - December 31 $51,532,522$52,427,895$16,734,338$15,630,779$68,266,860$68,058,674
Business-Type Activities Totals
CITY OF COLUMBIA HEIGHTS' CHANGES IN NET POSITION
Governmental Activities
Changes in net position - governmental activities. During the current year, governmental activities
decreased the City’s total net position by $895,373. During the prior year, governmental activities
increased the City’s net position by $972,153. Key differences between the current and prior year
change in net position of governmental activities include:
In 2012, investment income of the governmental activities decreased approximately $300,000
compared to the prior year. This was primarily the result of a significant 2011 increase in
market value which did not recur in 2012.
In early 2012, the City completed a multi-year pedestrian bridge project funded by state and
federal grants. Consequently, capital grants decreased approximately $537,000 compared to
2011.
All other changes in revenues of the governmental activities were approximately offsetting.
For example, a continuing decline in state aid revenue was offset by an increase in general
property taxes under the City’s multi-year plan to phase out reliance on state aid for general
operations.
21
Management’s Discussion and Analysis
2012 expenses of the community development function increased by approximately $500,000
compared to 2011 due to reductions in the carrying value of property held for resale.
2012 expenses of the public works function increased by approximately $300,000 compared
to 2011, for the local share of installation of state-owned traffic signals on state highway 65.
The 2012 phase of the City’s ongoing street rehabilitation program consisted of several small
projects which did not meet the City’s threshold for capitalization of infrastructure. Whereas,
the 2011 phase of the program consisted of a single large project that met the threshold. This
circumstance increased 2012 public works expenses by approximately an additional
$246,000.
22
Management’s Discussion and Analysis
Business-type activities. In 2012, business-type activities increased the City’s total net position by
$1,103,559 or 2%. In the prior year, business-type activities increased the City’s net position by
$422,937 or less than 1%. The key differences between the current and prior year change, in
business-type activities net position were the following:
Substantially all of the greater increase in net position for 2012 was attributable to water,
sewer and refuse. This was partially driven by a 4% rate increase effective for 2012. In
addition, water consumption (volume sold) increased 9% in 2012 compared to 2011. Sewer
volume also increased comparably. Some of this increase in volume is attributable to more
accurate metering, as a result of a battery replacement program for residential water meters.
The sewer expenses decreased by approximately $246,000 in total. $158,000 of this amount
reflects the differences between 2012 infrastructure projects, which met the capitalization
threshold and will be depreciated over many years, versus 2011 infrastructure projects, which
did not met the threshold and were therefore recognized as 2011 expenses. Of the remaining
$88,000 decrease in sewer expenses, approximately $40,000 was for a decline in annual
depreciation.
The liquor functions increased net position in 2012 by $86,178 more than 2011. This
primarily reflects an increase in income from operations. Sales by the liquor operation
increased in 2012 by 4% over 2011.
23
Management’s Discussion and Analysis
24
Management’s Discussion and Analysis
Financial Analysis of the City’s Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental funds. The focus of the City’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’s financing requirements. In particular, unreserved fund balance may serve as a useful
measure of a government’s net resources available for spending at the end of the fiscal year.
At December 31, 2012, the City’s governmental funds reported combined fund balances of
$24,012,428. Committed, assigned and unassigned fund balance, which is available for spending at
the City’s discretion, has a balance of $16,975,154. The remainder of fund balance is nonspendable
or restricted to indicate that it is not available for new spending because it has already been obligated
for debt service ($1,559,985), land held for resale ($2,355,806), prepaid items ($90,387), interfund
loans ($405,000), tax increment ($1,364,932), and other restricted purposes.
The general fund is the chief operating fund of the City. In 2012, fund balance in the general fund
increased by $207,854 or 3.5%. In the prior year, fund balance in the general fund increased by
$526,816 or 10%. Key differences between the current and prior year change in the fund balance of
the general fund include the following:
Total general fund revenue increased approximately $127,500 in 2012. This primarily
reflects a property tax increase of approximately $362,000; offset by reductions in state aid
and investment income of $170,000 and $73,000; respectively.
Total general fund expenditures increased $280,876 or 3% in 2012, as compared to the prior
year. The key factors of this were:
o Public safety personnel costs increased $95,000. $10,000 of this amount was an increase
in health insurance expense. $68,000 is from a combination of regular contractual step
increases, and from one position for which the incumbent was on military leave in 2011
but reinstated in 2012. The remaining 2012 increase is other fringe benefits associated
with the increased salary expense.
o Public works expenses increased $138,709. 2012 street department expenses included
$122,500 for a portion of the 2012 Zone 7 street rehabilitation project. There was no
equivalent charge to the general fund street department in 2011.
The changes in fund balance of the other major governmental funds in 2012, and key elements of
those changes, were as follows:
The Municipal State Aid Street Fund increased by $78,212. This reflects revenue first
available in the current year that correspond to expenses incurred in prior years.
The Capital Improvements General Government Buildings Fund decreased by $176,042.
25
Management’s Discussion and Analysis
This is the amount by which 2012 building improvements exceeded 2012 investment income
and transfers-in for such improvements. For 2012, the major project financed through this
fund was replacement of the City Hall boiler for $168,000.
The Capital Equipment Replacement General Government Fund decreased by $109,654.
This is the amount by which 2012 equipment purchases exceeded 2012 investment income
and transfers-in for equipment purchases. Also, less surplus equipment was sold in 2012
compared to 2011, reducing annual auction proceeds in this fund by approximately $30,000.
The Capital Improvements PIR Fund increased by $84,325. This primarily reflects current
year special assessment revenue, from prior year improvement projects, in excess of current
year expenses on current year improvement projects. PIR is the acronym for public
improvement revolving fund.
The Capital Improvements Development Fund decreased by $83,581. This primarily reflects
the reduction in carrying value for real estate held for resale.
The combined total fund balances of the nonmajor governmental funds decreased by $432,201 or
slightly greater than 4% in 2012. Whereas in the prior year, combined total fund balances of the
nonmajor governmental funds decreased by $223,986 or 2%. This difference involved numerous
changes, but the most significant elements included:
The G.O. Improvement/Revenue Bonds 2006A fund decreased by $262,601. This reflects
the structured decline in annual debt service for this bond issue for years after 2012.
The Tax Increment Bond fund decreased $186,000. This primarily reflects the reduction in
carrying value for real estate held for resale.
The Capital Equipment Fire fund decreased by $98,326. Two new rescue/response vehicles
were purchased using prior fund balance in 2012.
Proprietary funds. The City’s proprietary funds provide the same type of information that is
found in the government-wide financial statements for business-type activities, but in more detail.
At December 31, 2012, net position of the major proprietary funds included the following amounts
of unrestricted net position:
Water Fund $588,005
Sewer Fund $1,770,422
Refuse Fund $1,146,404
Storm Sewer Fund $37,760
Liquor Fund $2,274,380
The 2012 increases in net position of the major proprietary funds included the following:
Water Fund $377,941
Sewer Fund $36,992
26
Management’s Discussion and Analysis
Refuse Fund $210,577
Storm Sewer Fund $23,632
Liquor Fund $358,272
The increase in the utility funds reflects both an increase in the utility rates and an increase in water
and sewer consumption discussed above in the analysis of the City’s business-type activities. Other
factors concerning the finances of the proprietary funds are addressed above in the analysis of the
City’s business-type activities.
Budgetary Highlights
General fund. The changes between the original and final 2012 general fund budget consist of:
An increase of $54,465 to budgeted public safety expenditures consisted of an equal increase
to the combined amount budgeted for intergovernmental revenue and charges for services.
This reflects additional police and fire services and training funded by external entities after
the adoption of the original budget.
An increase in the street department budget of $50,000 to appropriate, for 2012 use, certain
funds committed for downtown parking facility maintenance.
An increase of $160,793 in transfers-out to the nonmajor funds, to allow for the cancellation
of a portion of the 2012 tax levy for debt service purposes.
Actual general fund revenues in 2012 were more than budgeted by $103,111 or 1%. This variance
was primarily the result of the following:
A certain federal grant for police staffing was budgeted to expire in mid-2012. An extension
of agreement into 2013 was subsequently obtained, resulting in revenue from this grant
exceeding the budget by approximately $50,000.
Reimbursements of excess tax increments were received for $22,000. This is an item which
is not budgeted.
The 2012 increase in the number of rental units within the City exceeded budgeted forecasts.
In 2012, 92 new rental licenses were issued. The increase in rental license revenue was
$18,800.
Actual general fund expenditures in 2012 were less than budgeted by $439,861 or 4%. The largest
elements of this variance were as follows:
Police department personnel costs were $120,000 under budget. This is a result of employee
turnover and temporarily-unfilled positions from injury-on-duty. This was somewhat offset
by nonpersonnel police costs exceeding budget, yielding a net total of $84,788 of police
department expenditures under budget.
27
Management’s Discussion and Analysis
Actual expenses of the parks and recreation department were $191,894 under budget. The
majority of this consisted of personnel expenses variances:
o Custodial services at the City’s banquet hall/rental facility were under budget by $50,000.
This was partially a result of reduced rental activity in 2012 as compared to 2011.
o The parks department personnel services was also under budget by $48,000. In 2012, a
parks maintenance employee transferred to another department, leaving one position
vacant for half of the year.
o Certain 2012 youth recreation activities were able to use grant revenue in the nonmajor
funds to hire seasonal summer staff, in lieu of the general fund recreation department
budget.
o For 2012 certain part-time positions were budgeted to staff the City’s gymnasium facility,
but much of the actual staffing was achieved by adding these duties to an existing full-
time position. In addition, 2012 actual contracted maintenance costs for the city
gymnasium facility were under budget, as this facility was built within the last few years,
and a reliable trend has not yet been established from which to accurately forecast
maintenance. These two factors combined to leave the gymnasium activity a total of
$57,807 under budget.
The remaining balance of the general fund expenditure budget variance was spread across all other
departments of the general fund. To a large extent, this reflects a continuation of cost reduction
measures implemented in 2009 in response to state aid reductions and weak economic conditions in
general.
Capital Asset and Debt Administration
Capital assets. The City’s capital assets for its governmental and business-type activities as of
December 31, 2012, amount to $57,254,916 net of accumulated depreciation. This investment in
capital assets includes land, buildings, equipment, infrastructure, and construction in progress. Note
that real estate that is only held for resale is not included here in the analysis of capital assets used in
governmental and business-type activities.
At December 31, 2012, the City had $45,600 of noncancellable contractual commitments for
construction in 2012. Significant capital asset activity during 2012 included the following:
Year
Project StartedCost to DateStatus
Street Rehabilitation - Zone 20111,144,013 in-progess
Argonne Lift Station2011252,956 in-progess
Street Rehabilitation - Zone 2012640,664 in-progess
As of December 31,2012
28
Management’s Discussion and Analysis
City of Columbia Heights’ Capital Assets
Beginning Ending
BalanceAdditionsDeletionsBalance
Governmental activities:
Capital assets - not depreciated:
Land $4,891,781$433,842$ - $5,325,623
Construction in progress 4,626,255 689,722 (4,427,963) 888,014
Total capital assets not being depreciated 9,518,036 1,123,564 (4,427,963) 6,213,637
Capital assets - being depreciated:
Buildings 27,958,872 167,533 - 28,126,405
Equipment 7,975,687 411,103 (79,296) 8,307,494
Infrastructure 25,914,602 3,718,017 - 29,632,619
Total capital assets being depreciated 61,849,161 4,296,653 (79,296) 66,066,518
Less accumulated depreciation for:
Buildings 10,654,566 712,411 - 11,366,977
Equipment 5,143,092 531,042 (75,319) 5,598,815
Infrastructure 12,247,483 938,688 - 13,186,171
Total accumulated depreciation 28,045,141 2,182,141 (75,319) 30,151,963
Capital assets being depreciated - net 33,804,020 2,114,512 (3,977) 35,914,555
Governmental activities capital assets - net 43,322,056 3,238,076 (4,431,940) 42,128,192
Business-type activities:
Capital assets - not depreciated:
Land 2,343,247 5,966 - 2,349,213
Construction in progress 1,069,779 792,534 (1,602,383) 259,930
Total capital assets not being depreciated 3,413,026 798,500 (1,602,383) 2,609,143
Capital assets - being depreciated:
Buildings 4,581,314 50,000 - 4,631,314
Equipment 2,171,819 43,688 - 2,215,507
Infrastructure 14,484,426 1,535,270 - 16,019,696
Total capital assets being depreciated 21,237,559 1,628,958 - 22,866,517
Less accumulated depreciation for:
Buildings 1,101,886 132,099 - 1,233,985
Equipment 1,491,708 123,343 - 1,615,051
Infrastructure 7,150,735 349,165 - 7,499,900
Total accumulated depreciation 9,744,329 604,607 - 10,348,936
Capital assets being depreciated - net 11,493,230 1,024,351 - 12,517,581
Business-type activities capital assets - net 14,906,256 1,822,851 (1,602,383) 15,126,724
Total capital assets - net $58,228,312$5,060,927($6,034,323)$57,254,916
Additional information on the City’s capital assets can be found in Note 4 to the financial statements.
Long-term debt. During 2012, the City’s total bonded debt decreased by $1,308,000 to an end of
year total of $24,337,000. This decrease was from the payment of principal due in the current year.
Bonded debt outstanding at year end included general obligation bonds, all of which are backed by
the full faith and credit of the City, and revenue bonds, for which only revenues from the related
projects financed are pledged for repayment. Some of the general obligation bonds have specific
revenue sources pledged other than property taxes, but in the event those other sources were
insufficient, the City would be required to fund the shortfall through property taxes.
29
Management’s Discussion and Analysis
State statute limits the amount of certain general obligation debt that a Minnesota city may issue to
3% of the taxable market value of property within a city’s taxing jurisdiction. At December 31, 2012,
the City’s debt limit under this statute was $29,067,313 and $10,275,000 of the City’s outstanding
debt was of the type to which this limit applies.
City of Columbia Heights’ Long-Term Debt
2012 2011 2012 2011 2012 2011
General obligation bonds:
Repaid only with general taxes$12,308,431$12,698,431$ - $ - $12,308,431$12,698,431
With other pledged revenues 3,573,2994,102,2991,123,2701,304,2704,696,5695,406,569
Revenue bonds 2,737,0002,790,0004,595,0004,750,0007,332,0007,540,000
Compensated absences 950,937944,689172,107161,1091,123,0441,105,798
Postemployment benefits other
than pensions 105,492 58,761 - - 105,492 58,761
$19,675,159$20,594,180$5,890,377$6,215,379$25,565,536$26,809,559
Governmental Activities Business-Type Activities Totals
At December 31, 2012, the City’s general obligation bonds have an AA rating from Standard and
Poor’s and Aa2 rating from Moody’s. The outstanding revenue bonds of the business activities at
December 31, 2012, are repaid only with lease revenue and have an A1 rating from Moody’s. The
outstanding revenue bonds of the governmental activities at December 31, 2012, are repaid only with
tax increment and are unrated.
In addition to bonded debt, at year end there was long-term debt in the amount of $1,123,044 and
$105,492 respectively, for compensated absences and post-employment health insurance. Additional
information on the City’s long-term debt can be found in Note 6 to the financial statements.
Economic Factors and Next Year’s Budget
In 2012, the average annual unemployment rate for Anoka County, which includes the City, was
5.5%. This is a decrease from a rate of 6.7% from the prior year. This compares to the average 2012
state and national rates of 5.4% and 5.7% respectively. Inflationary trends in the region compare
favorably to national trends.
These factors were considered in preparing the City of Columbia Heights’ 2012 budget.
Requests For Information.
This financial report is designed to provide a general overview of the City of Columbia Heights’
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 City of Columbia Heights, Finance Department, 590 40th Avenue NE, Columbia
Heights, Minnesota 55421-3878.
30
BASIC FINANCIAL STATEMENTS
31
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF NET POSITION Statement 1
December 31, 2012 Page 1 of 2
With Comparative Totals For December 31, 2011
GovernmentalBusiness-Type
ActivitiesActivities20122011
Current assets:
Cash and investments$23,761,245$4,005,773$27,767,018$28,833,007
Cash and investments with fiscal agent - 399,254399,254399,254
Receivables:
Accounts (net of allowance for uncollectibles)139,0651,550,2871,689,3521,550,449
Special assessments - current474,088 - 474,088511,412
Taxes 417,408 - 417,408436,551
Interest61,11014,00275,11275,843
Due from other governmental units - current696,5005,509702,009713,232
Internal balances49,539(49,539) - -
Prepayments138,469149,528287,997361,543
Inventory - at cost68,6782,546,5572,615,2352,358,294
Real estate held for resale2,355,806 - 2,355,8061,945,117
Total current assets28,161,9088,621,37136,783,27937,184,702
Noncurrent assets:
Special assessments receivable - noncurrent2,320,215 - 2,320,2152,558,054
Loans receivable - noncurrent - - - -
Capital assets (net of accumulated depreciation):
Land5,325,6242,349,2137,674,8377,235,028
Buildings16,759,4283,397,32920,156,75720,783,733
Equipment2,708,679600,4553,309,1343,512,707
Infrastructure16,446,4478,519,79724,966,24421,000,810
Construction in process888,014259,9301,147,9445,696,003
Total noncurrent assets44,448,40715,126,72459,575,13160,786,335
Total assets72,610,31523,748,09596,358,41097,971,037
Totals
Primary Government
Assets
The accompanying notes are an integral part of these financial statements.
32
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF NET POSITION Statement 1
December 31, 2012 Page 2 of 2
With Comparative Totals For December 31, 2011
GovernmentalBusiness-Type
ActivitiesActivities20122011
Current liabilities:
Accounts payable$412,053$536,948$949,001$1,256,569
Accrued salaries and withholdings payable190,48646,009236,495304,657
Contracts payable - retained percentage61,19542,915104,110175,808
Due to other governmental units168,801376,519545,320640,303
Unearned revenue203,160 - 203,160218,857
Accrued interest payable333,411117,989451,400472,520
Deposits33,5283,00036,52834,090
Compensated absences payable - current57,05610,32667,382128,939
Bonds payable - current940,500357,5001,298,0001,308,000
Total current liabilities2,400,1901,491,2063,891,3964,539,743
Noncurrent liabilities:
Compensated absences payable - noncurrent893,881161,7811,055,662976,859
Other postemployment benefits payable - noncurrent105,492 - 105,49258,761
Bonds payable - noncurrent17,678,2305,360,77023,039,00024,337,000
Total noncurrent liabilities18,677,6035,522,55124,200,15425,372,620
Total liabilities21,077,7937,013,75728,091,55029,912,363
Net investments in capital assets27,666,4619,819,66637,486,12737,426,428
Restricted for:
Debt service1,127,829234,0631,361,8921,858,361
Tax increment purposes1,097,907 - 1,097,9071,361,471
Other purposes398,730 - 398,730375,088
Unrestricted21,241,5956,680,60927,922,20427,037,326
Total net position$51,532,522$16,734,338$68,266,860$68,058,674
Liabilities
Net position
Primary Government
Totals
The accompanying notes are an integral part of these financial statements.
33
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF ACTIVITIES
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Charges For
ExpensesServices
Functions/Programs
Primary government:
Governmental activities:
General government$1,977,594$204,391
Public safety5,708,009736,927
Public works3,200,572139,305
Culture and recreation2,500,719137,978
Community development2,157,966961,420
Interest on long-term debt845,879 -
Total governmental activities16,390,7392,180,021
Business-type activities:
Water 2,311,8582,777,383
Sewer 1,464,2691,581,516
Refuse 1,601,6481,761,860
Storm sewer 329,998353,343
Liquor 8,378,9818,804,233
Total business-type activities14,086,75415,278,335
Total primary government$30,477,493$17,458,356
The accompanying notes are an integral part of these financial statements.
34
Statement 2
OperatingCapital
Grants andGrants andGovernmentalBusiness-Type
ContributionsContributionsActivitiesActivities20122011
$ - $ - ($1,773,203)$ - ($1,773,203)($1,811,640)
556,387 - (4,414,695) - (4,414,695)(4,276,805)
189,039797,921(2,074,307) - (2,074,307)(1,114,619)
57,337 - (2,305,404) - (2,305,404)(2,339,716)
23,010204,349(969,187) - (969,187)(379,712)
- - (845,879) - (845,879)(909,858)
825,7731,002,270(12,382,675)0(12,382,675)(10,832,350)
- - - 465,525465,525160,727
- - - 117,247117,247(186,529)
62,47150,000 - 272,683272,683186,682
- - - 23,34523,34552,041
- - - 425,252425,252339,074
62,47150,00001,304,0521,304,052551,995
$888,244$1,052,270(12,382,675)1,304,052(11,078,623)(10,280,355)
General revenues:
Property taxes9,363,598 - 9,363,5989,069,092
Tax increment collections553,050 - 553,050558,861
Grants and contributions not
restricted to specific programs1,003,552 - 1,003,5521,278,195
Unrestricted investment earnings295,95063,321359,271734,812
Gain on sale of capital assets used
in governmental activities7,338 - 7,33834,485
Transfers263,814(263,814) - -
Total general revenues and transfers11,487,302(200,493)11,286,80911,675,445
Change in net position(895,373)1,103,559208,1861,395,090
Net position - January 152,427,89515,630,77968,058,67466,663,584
Net position - December 31$51,532,522$16,734,338$68,266,860$68,058,674
Totals
Net (Expense) Revenue and
Changes in Net PositionProgram Revenues
Primary Government
The accompanying notes are an integral part of these financial statements.
35
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEET
GOVERNMENTAL FUNDS
December 31, 2012
General Fund
2008A Taxable
GO Housing
Improvement
Area Bonds Fund
Municipal State
Aid Street Fund
Assets
Cash and investments $5,855,522 $182,002 $155,918
Receivables:
Accounts 65,155 - -
Special assessments - 820,151 -
Taxes 377,308 - -
Interest 17,110 400 -
Due from other governmental units 186,787 - 406,996
Interfund receivable 326,456 - -
Prepayments 87,341 - -
Real estate held for resale - - -
Total assets $6,915,679$1,002,553 $562,914
Liabilities and Fund Balances
Liabilities:
Accounts payable $83,622$ - $67,770
Accrued salaries and withholdings payable 164,051 - 2,356
Contracts payable - retained percentage - - 3,750
Due to other governmental units 129,491 - -
Interfund payable - - 307,446
Deferred revenue 461,506 820,151 15,000
Deposits 100 - -
Total liabilities 838,770 820,151 396,322
Fund balance:
Nonspendable 87,341 - -
Restricted - 182,402 -
Committed 74,594 - 166,592
Unassigned 5,914,974 - -
Total fund balances 6,076,909 182,402 166,592
Total liabilities and fund balances $6,915,679$1,002,553 $562,914
Fund balance reported above
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.
Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds.
Internal service funds are used by management to charge the costs of garage, information systems, insurance and
compensated absences to individual funds. With the exception of the information systems fund which is a
business-type fund, the assets and liabilities of the internal service funds are included in the governmental activities in
the statement of net position.
Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not
reported in the funds.
Net position of governmental activities
The accompanying notes are an integral part of these financial statements.
36
Statement 3
Capital
Improvements
General Gov't
Buildings
Capital
Equipment
Replacement
General Gov't
Capital
Improvements
PIR Fund
Capital
Improvement
Development
Other
Governmental
Funds
Interfund
Eliminations
Total
Governmental
Funds
2012
$1,116,552$3,953,642$877,530$1,017,892$8,062,764$ - $21,221,822
- - 4,428 - 66,663 - 136,246
- - 1,974,152 - - - 2,794,303
- - - - 40,100 - 417,408
3,600 11,600 1,700 5,50016,600 - 56,510
- - - - 102,717 - 696,500
- 405,000 - - 14,377(340,833)405,000
- - - - 3,046 - 90,387
- - 48,0001,034,1351,273,671 - 2,355,806
$1,120,152$4,370,242$2,905,810$2,057,527$9,579,938($340,833)$28,173,982
$13,941$ - $25,235 $8,846$167,404$ - $366,818
- - 60 - 19,660 - 186,127
7,691 - 39,027 - 10,727 - 61,195
- - - - 39,310 - 168,801
- - - - 37,250(340,833)3,863
- - 1,968,486 - 76,079 - 3,341,222
- - 6,331 - 27,097 - 33,528
21,632 02,039,139 8,846377,527(340,833)4,161,554
- 405,000 48,0001,034,1351,276,717 - 2,851,193
- - - - 4,003,679 - 4,186,081
1,098,5203,965,242818,6711,014,5463,924,797 - 11,062,962
- - - - (2,782) - 5,912,192
1,098,5204,370,242866,6712,048,6819,202,411 024,012,428
$1,120,152$4,370,242$2,905,810$2,057,527$9,579,938($340,833)$28,173,982
$24,012,428
40,820,389
3,145,512
2,611,826
(19,057,633)
$51,532,522
The accompanying notes are an integral part of these financial statements.
37
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
For The Year Ended December 31, 2012
General Fund
2008A Taxable
GO Housing
Improvement
Area Bonds Fund
Municipal State
Aid Street Fund
Revenues:
Taxes $7,626,258$ - $ -
Tax increment collections - - -
Special assessments - 105,567 -
Licenses and permits 200,954 - -
Intergovernmental 1,495,889 - 528,546
Charges for services 574,708 - -
Fines and forfeitures 128,543 - -
Investment income:
Interest and dividends 71,927 1,500 -
Change in fair value 4,761 100 -
Other revenues 6,485 - 61
Total revenues 10,109,525 107,167 528,607
Expenditures:
Current:
General government 1,776,011 - -
Public safety 5,065,165 - -
Public works 1,418,124 - 379,827
Culture and recreation 1,402,856 - -
Community development - - -
Capital outlay:
General government - - -
Public safety - - -
Public works 195,687 - 68,168
Culture and recreation 15,934 - -
Community development - - -
Debt service:
Principal retirement - 50,000 -
Interest and fiscal charges - 49,920 -
Developer incentives - - -
Total expenditures 9,873,777 99,920 447,995
Revenues over (under) expenditures 235,748 7,247 80,612
Other financing sources (uses):
Transfers in 358,076 - -
Transfers out (385,970) - (2,400)
Sale of capital assets - - -
Total other financing sources (uses)(27,894)0 (2,400)
Net change in fund balance 207,854 7,247 78,212
Fund balance - January 1 5,869,055 175,155 88,380
Fund balance - December 31 $6,076,909 $182,402 $166,592
The accompanying notes are an integral part of these financial statements.
38
Statement 4
Capital
Improvements
General Gov't
Buildings
Capital
Equipment
Replacement
General Gov't
Capital
Improvements
PIR Fund
Capital
Improvement
Development
Other
Governmental
Funds
Interfund
Eliminations
Total
Governmental
Funds
2012
$ - $ - $ - $ - $1,754,711$ - $9,380,969
- - - - 567,259 - 567,259
- - 670,147 - - - 775,714
- - - - 195,272 - 396,226
- - - - 289,760 - 2,314,195
- - 130,781 - 958,293 - 1,663,782
- - - - 33,339 - 161,882
15,000 67,620 7,300 23,300 73,542 - 260,189
1,000 3,200 500 1,500 4,500 - 15,561
7,644 1,974 6,456 26740,787 - 63,674
23,644 72,794 815,184 25,067 3,917,463 0 15,599,451
346 - 8,752 - 28,324 - 1,813,433
- 8,089164,524 - 13,103 - 5,250,881
- - 170,386 - 43,170 - 2,011,507
12,700 - - - 768,658 - 2,184,214
- - - 97,3061,337,023 - 1,434,329
209,176 - - - - - 209,176
- 70,497 - - 87,951 - 158,448
- 163,004100,768 - 30,193 - 557,820
- 2,173 - - - - 18,107
- - 5,300 24,508606,486 - 636,294
- - - - 922,000 - 972,000
- - - - 811,219 - 861,139
- - - - 116,072 - 116,072
222,222 243,763 449,730 121,814 4,764,199 0 16,223,420
(198,578)(170,969)365,454 (96,747)(846,736)0 (623,969)
22,536 50,000 - 13,166553,163(698,127)298,814
- - (281,129) - (138,628)698,127(110,000)
- 11,315 - - - - 11,315
22,536 61,315 (281,129)13,166 414,535 0 200,129
(176,042)(109,654)84,325 (83,581)(432,201)0 (423,840)
1,274,5624,479,896782,3462,132,2629,634,612 - 24,436,268
$1,098,520$4,370,242$866,671$2,048,681$9,202,411 $0$24,012,428
The accompanying notes are an integral part of these financial statements.
39
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40
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECONCILIATION OF THE STATEMENT OF REVENUES,Statement 5
EXPENDITURES AND CHANGES IN FUND BALANCES OF
GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
For The Year Ended December 31, 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)($423,840)
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 difference is the amount by which outlays for capital assets
exceeded depreciation in the current year.(1,175,879)
The net effect of various miscellaneous transactions involving capital assets, such as
sales, trade-ins and abandonments was a decrease in net position.(3,977)
The issuance of long-term debt provides current financial resources to the governmental funds,
while repayment of the principal of long-term debt consumes the current financial resources of
the governmental funds. Neither transaction has any effect on net position however. This
amount is the net effect of these differences in the treatment of long-term debt.972,000
Interest that accrues in the prior year on long-term debt, that is paid in the current year,
consumes current financial resources, and is therefore reported in the governmental funds.
It does not reduce net position however, and is not reported as an expense in the statement of
activities.15,260
Other postemployment employee benefits that accrue in the current year, but are not paid
in the current year, do not consume current financial resources, and are therefore not reported in
the governmental funds. They do reduce net position however, and are reported as an expense
in the statement of activities.(46,730)
Revenue earned in prior years, that first becomes available in the current year, is reported in the
governmental funds. Whereas, this amount was reported in the statement of activities
in the prior year(s) in which it was earned.(374,423)
The net expenses of certain activities of internal service funds are reported within governmental
activities in the statement of activities.142,216
Change in net position of governmental activities (Statement 2)($895,373)
The accompanying notes are an integral part of these financial statements.
41
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
December 31, 2012
Assets:Water Utility FundSewer Utility Fund
Current assets:
Cash and cash equivalents $542,181$1,347,004
Cash and cash equivalents with fiscal agent - -
Receivables:
Accounts (net of allowance for uncollectibles)571,623419,781
Interest 4,6004,400
Due from other governmental units - current - -
Interfund receivable 62,36222,858
Prepayments - 76,968
Inventory - at cost 4,185 -
Total current assets1,184,951 1,871,011
Noncurrent assets:
Capital assets:
Land 45,22336,586
Construction in progress 7,006252,924
Buildings 559,826100,426
Equipment 462,515840,942
Infrastructure 8,346,9656,154,219
Total capital assets 9,421,535 7,385,097
Less: accumulated depreciation(4,263,186)(4,277,960)
Net capital assets5,158,3493,107,137
Total noncurrent assets5,158,3493,107,137
Total assets 6,343,3004,978,148
Liabilities:
Current liabilities:
Accounts payable 6,22415,614
Accrued salaries and withholdings payable9,2224,733
Due to other governmental units283,486 -
Interfund payable 399,497 -
Contracts payable - 42,915
Accrued interest payable 14,588 -
Deposits 3,000 -
Deferred revenue - -
Compensated absences payable - current1,5332,240
Bonds payable - current 161,862 -
Total current liabilities879,412 65,502
Noncurrent liabilities:
Compensated absences payable - noncurrent24,02235,087
Bonds payable - noncurrent 789,628 -
Total noncurrent liabilities813,650 35,087
Total liabilities1,693,062100,589
Net position:
Net investments in capital assets3,883,8593,107,137
Restricted for debt service 178,374 -
Unrestricted 588,0051,770,422
Total net position$4,650,238$4,877,559
Adjustments to reflect the consolidation of internal service fund activities related to enterprise funds
Net assets of business-type activities
Business-Type Activities - Enterprise Funds
The accompanying notes are an integral part of these financial statements.
42
Statement 6
Business-Type Activities - Enterprise Funds
Refuse Utility Fund
Storm Sewer Utility
FundLiquor Fund
Interfund
Eliminations
Total Enterprise
FundsInternal Service Funds
20122012
$792,091$37,976$607,698$ - $3,326,950$3,218,246
- - 399,254 - 399,254 -
466,36592,357161 - 1,550,2872,819
2,300502200 - 12,0026,600
5,034 - 475 - 5,509 -
- - - (22,858)62,362 -
- - 72,560 - 149,52848,082
- - 2,542,372 - 2,546,55768,678
1,265,790 130,835 3,622,720 (22,858)8,052,449 3,344,425
- 260,6902,006,714 - 2,349,21315,779
- - - - 259,93068,770
56,000 - 3,915,062 - 4,631,3141,812,838
112,893190,653413,202 - 2,020,205403,437
- 1,518,512 - - 16,019,696 -
168,893 1,969,855 6,334,978 0 25,280,358 2,300,824
(114,975)(716,540)(823,602) - (10,196,263)(950,392)
53,9181,253,3155,511,376 - 15,084,0951,350,432
53,9181,253,3155,511,376015,084,0951,350,432
1,319,7081,384,1509,134,096(22,858)23,136,5444,694,857
112,89840400,342 - 535,11847,065
1,4671,93423,364 - 40,7209,648
- - 93,033 - 376,519 -
- 86,862 - (22,858)463,501 -
- - - - 42,915 -
- 2,838100,563 - 117,989 -
- - - - 3,000 -
- - - - - 7,450
301845,222 - 9,38058,002
- 30,638165,000 - 357,500 -
114,666 122,396 787,524 (22,858)1,946,642 122,165
4,7201,31781,816 - 146,962908,700
- 141,1424,430,000 - 5,360,770 -
4,720 142,459 4,511,816 0 5,507,732 908,700
119,386264,8555,299,340(22,858)7,454,3741,030,865
53,9181,081,535916,376 - 9,042,8251,350,432
- - 644,000 - 822,374 -
1,146,40437,7602,274,380 - 5,816,9712,313,560
$1,200,322$1,119,295$3,834,756$015,682,170$3,663,992
1,052,168
$16,734,338
The accompanying notes are an integral part of these financial statements.
43
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
For The Year Ended December 31, 2012
Water Utility FundSewer Utility FundRefuse Utility Fund
Operating revenues:
Charges for services$182,730$1,579,864$1,761,860
Charges for sales, net of discounts (Note 1C)2,589,033 - -
Total operating revenues2,771,763 1,579,864 1,761,860
Operating expenses:
Cost of sales, services and goods sold1,232,031899,0081,415,885
Operating expense783,918400,840141,423
Depreciation218,456131,7551,485
Total operating expenses2,234,405 1,431,603 1,558,793
Net income (loss) from operations537,358 148,261 203,067
Nonoperating revenues (expenses):
Investment income:
Interest and dividends20,40020,42110,500
Intergovernmental - - 112,471
Miscellaneous revenues5,6201,652 -
Interest and fiscal charges(52,093) - -
Total nonoperating revenues (expenses)(26,073)22,073 122,971
Net income (loss) before transfers511,285 170,334 326,038
Transfers in - - -
Transfers out(133,344)(133,342)(115,461)
Total transfers and capital contributions(133,344)(133,342)(115,461)
Change in net position377,941 36,992 210,577
Total net position - January 14,272,2974,840,567989,745
Total net position - December 31$4,650,238 $4,877,559 $1,200,322
Change in net position as reported above
Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds
Change in net position of business-type activities
Reconciliation of capital contributions and interfund transfers:
Amount reported above
Amounts reported for business-type activities in the statement of activities are different because:
Adjustment to reflect consolidation of internal service fund activities
Amounts reported on the statement of activities
Business-Type Activities - Enterprise Funds
The accompanying notes are an integral part of these financial statements.
44
Statement 7
Storm Sewer Utility
FundLiquor Fund
Interfund
Eliminations
Total Enterprise
Funds
Internal Service
Funds
20122012
$349,457$ - $ - $3,873,911$1,007,655
- 8,804,233 - 11,393,266156,113
349,457 8,804,233 0 15,267,177 1,163,768
- 6,654,657 - 10,201,5811,142,105
237,1171,315,396 - 2,878,694 -
83,993150,287 - 585,97681,285
321,110 8,120,340 0 13,666,251 1,223,390
28,347 683,893 0 1,600,926 (59,622)
2,2001,000 - 54,52129,000
- - - 112,471 -
3,886 - - 11,158(21,019)
(10,801)(229,954) - (292,848) -
(4,715)(228,954)0 (114,698)7,981
23,632 454,939 0 1,486,228 (51,641)
- - - - 294,000
- (96,667) - (478,814)(4,000)
0 (96,667)0 (478,814)290,000
23,632 358,272 0 1,007,414 238,359
1,095,6633,476,484 - 14,674,7563,425,633
$1,119,295 $3,834,756 $0 $15,682,170 $3,663,992
$1,007,414
96,145
$1,103,559
Transfers -
Net
($478,814)
215,000
($263,814)
Business-Type Activities - Enterprise Funds
The accompanying notes are an integral part of these financial statements.
45
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For The Year Ended December 31, 2012
WaterSewer
Cash flows from operating activities:
Cash received from customers$2,749,287$1,532,212
Cash received from interfund goods and services provided - -
Cash paid to suppliers for goods and services(1,706,743)(1,285,953)
Cash payments to employees for services(339,588)(225,252)
Net cash flows from operating activities702,956 21,007
Cash flows from noncapital financing activities:
Transfers in - -
Transfers out (133,344)(133,342)
Intergovernmental - -
Interfund receivable repaid by (advanced to) other funds8,17952,371
Interfund payable (repaid to) advanced by other funds(57,003) -
Net cash flows from noncapital financing activities(182,168)(80,971)
Cash flows from capital and related financing activities:
Acquisition of capital assets(350,137)(373,690)
Principal payments - bonds(152,880) -
Interest and fiscal charges - including capitalized interest(54,300) -
Net cash flows from capital and related financing activities(557,317)(373,690)
Cash flows from investing activities:
Investment income:
Interest and dividends18,00020,221
Change in fair value1,3001,300
Net cash flows from investing activities19,300 21,521
Net increase (decrease) in cash and cash equivalents(17,229)(412,133)
Total cash and cash equivalents - January 1559,4101,759,137
Total cash and cash equivalents - December 31542,181 1,347,004
(Less) cash and cash equivalents with fiscal agent - December 31 - -
Cash and cash equivalents - December 31$542,181$1,347,004
Business-Type Activities - Enterprise Funds
46
Statement 8
Page 1 of 2
RefuseStormLiquorEnterprise FundsInternal Service Funds
20122012
$1,728,024$346,576$8,805,094$15,161,193$ -
- - - - 1,602,554
(1,597,081)(116,644)(7,028,496)(11,734,917)(835,322)
(76,772)(123,513)(960,860)(1,725,985)(863,200)
54,171 106,419 815,738 1,700,291 (95,968)
- - - - 325,000
(115,461) - (96,667)(478,814)(35,000)
112,471 - - 112,471 -
(5,034) - - 55,516 -
- (59,768) - (116,771) -
(8,024)(59,768)(96,667)(427,598)290,000
(54,203)(7,594)(26,887)(812,511)(61,242)
- (28,120)(155,000)(336,000) -
- (11,270)(208,267)(273,837) -
(54,203)(46,984)(390,154)(1,422,348)(61,242)
9,7002,09890050,91926,600
7001001003,5001,400
10,400 2,198 1,000 54,419 28,000
2,344 1,865 329,917 (95,236)160,790
789,74736,111677,0353,821,4403,057,456
792,091 37,976 1,006,952 3,726,204 3,218,246
- - (399,254)(399,254) -
$792,091$37,976$607,698$3,326,950$3,218,246
Business-Type Activities - Enterprise Funds
47
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For The Year Ended December 31, 2012
Water Utility FundSewer Utility Fund
Reconciliation of operating income (loss) to
net cash flows from operating activities
Operating income (loss)$537,358$148,261
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Depreciation expense218,456131,755
Miscellaneous revenues5,6201,652
Changes in assets and liabilities:
(Increase) decrease in accounts receivable(28,096)(49,304)
(Increase) decrease in due from other governmental units - -
(Increase) decrease in prepayments - (2,051)
Adjustment for nonoperating portion - -
(Increase) decrease in inventory, at cost(2,473) -
Increase (decrease) in accounts payable(12,045)(212,565)
Adjustment for nonoperating portion - -
Increase (decrease) in accrued
salaries and withholdings payable3,345(2,232)
Adjustment for nonoperating portion - -
Increase (decrease) in contracts payable - retained percentage - 155
Adjustment for nonoperating portion - -
Increase (decrease) in due to other governmental units(19,212) -
Adjustment for nonoperating portion3,000 -
Increase (decrease) in compensated absences payable(2,997)5,336
Increase (decrease) in deferred revenue - -
Total adjustments165,598(127,254)
Net cash flows from operating activities$702,956$21,007
Business-Type Activities - Enterprise Funds
48
Statement 8
Page 2 of 2
Refuse Utility Fund
Storm Sewer Utility
FundLiquor FundEnterprise FundsInternal Service Funds
20122012
$203,067$28,347$683,893$1,600,926($59,622)
1,48583,993150,287585,97681,285
- 3,886 - 11,158(21,019)
(33,836)(6,767)108(117,895)174
- - 753753 -
- - 24,87122,820(1,273)
- - (24,871)(24,871)
- - (185,790)(188,263)(10,105)
(114,987)(3,340)161,438(181,499)(94,285)
- - - - -
(1,540)(317)3,2372,493(1,770)
- - - - -
- - - 155 -
- - - - -
- - (2,065)(21,277) -
- - - 3,000 -
(18)6173,8776,81510,430
- - - - 217
(148,896)78,072131,84599,365(36,346)
$54,171$106,419$815,738$1,700,291($95,968)
Business-Type Activities - Enterprise Funds
49
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF FIDUCIARY NET POSITION Statement 9
FIDUCIARY FUNDS
December 31, 2012
Assets:
Cash and investments $9,748
Due from other governmental units 13
Total assets $9,761
Liabilities:
Accounts payable $5,851
Due to other governmental units 3,910
Total liabilities $9,761
The accompanying notes are an integral part of these financial statements.
50
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Columbia Heights, Minnesota (the City) was incorporated in 1898. A Council composed of an elected
mayor and four council members governs the City. The Council exercises legislative authority and determines all
matters of policy. The Manager, appointed by the Council, is responsible for the proper 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 policies.
A. FINANCIAL REPORTING ENTITY
The component units discussed below are included in the City’s reporting entity because of the significance
of their operational or financial relationships with the City.
The City has two component units - the Housing and Redevelopment Authority (HRA) and the Economic
Development Authority (EDA). The HRA and the EDA are considered component units because the
governing boards are substantively the same as that of the City and because the City is in a relationship of
financial benefit or burden with each of the entities.
The financial position and results of operations of the HRA and the EDA component units are presented
using the blended method. These blended component units, although legally separate entities, are, in
substance, part of the City’s operations. The component units include Governmental Funds using the
modified accrual basis of accounting, and as such are reported as Special Revenue Funds. Separate
financial statements for the HRA and EDA are not prepared.
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.
The statement of activities demonstrates the degree to which the direct expenses of a given function or
segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a
specific function or segment. 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 segment
and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a
particular function or segment. Taxes and other items not included among program revenues are reported
instead as general revenues.
51
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds,
even though the latter are excluded from the government-wide financial statements. 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 of accounting, 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 funds are agency funds. Agency funds are custodial in nature and do not involve
measurement of results of operations. Agency fund financial statements use the accrual basis of
accounting.
Governmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting. 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 reimbursement grants, to be available if they are collected within 60 days of
the end of the current fiscal period. 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.
The City reports the following major governmental funds:
The general fund is the City’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 2008A taxable GO housing improvement area bonds fund was established to account for revenues
and expenditures associated with the 2008A series general obligation taxable bonds issued to finance
rehabilitation of the Sullivan Shores town homes development. These bonds will be repaid with
special assessments to the rehabilitated properties.
52
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
The municipal state aid street fund is maintained according to state statute to account for maintenance
and construction of municipal state aid street systems.
The capital improvements general government buildings fund is used to account for construction and
improvements to municipal buildings not accounted for in a separate fund.
The capital equipment replacement – general government fund was established to account for the
replacement of capital assets as needed.
The capital improvement – PIR fund was established to account for projects that will be assessed to the
affected properties.
The capital improvement – development fund was established to account for redevelopment.
The City reports the following major proprietary funds:
The water fund accounts for revenue and expenses associated with water services to area residents.
The sewer fund accounts for revenues and expenses associated with sewer disposal within the City.
The refuse fund accounts for revenues and expenses associated with organized collection of refuse and
recycling within the City.
The storm sewer fund accounts for revenues and expenses associated with storm water disposal.
The liquor fund accounts for revenues and expenses associated with the operation of three off-sale
liquor stores.
Additionally, the City reports the following fund types:
Internal service funds account for central garage, information systems, insurance and compensated
absences services provided to other departments of the City on a cost reimbursement basis.
Agency - The permit surcharge agency fund is used to account for SAC charges and surcharges
collected for and remitted to the State of Minnesota. The Tri-City GIS fund is used to account for the
joint purchase of certain services for which the City is fiscal agent on behalf of the City of Columbia
Heights, the City of Fridley and the City of Andover.
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.
53
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
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
water, sewer, refuse, storm sewer and liquor enterprise funds and of the internal service funds are charges
to customers for sales and services. Liquor fund sales are reported net of discounts. No other fund
provides discounts. For 2012, liquor sales discounts were $173,487. Operating expenses for enterprise
funds and internal service 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.
D. BUDGETARY DATA
The City Manager submits to the City Council a proposed operating budget for the fiscal year commencing
on January 1 of the following year. At least one special Council meeting is conducted to obtain public
comments as required by the State Truth in Taxation Law.
The City Council annually adopts budgets prior to January 1 for the General Fund and the following special
revenue funds:
Nonmajor special revenue funds:
Cable television fund
Library fund
Community development fund
Economic Development Authority (component unit):
Economic Development Authority administration fund
Housing and Redevelopment Authority (component unit):
Parkview villa north fund
Parkview villa south fund
The budgets are prepared by fund, function and activity. The budgets are adopted on a basis consistent
with generally accepted accounting principles and all appropriations lapse at the end of the budget year to
the extent that they have not been expended. Total expenditures appropriated in the budget resolution may
not legally exceed the estimated revenues available from various sources.
Formal budgetary integration is employed as a management control device during the year. Budget
revisions between functions or activities may be made by the City Manager. Budget revisions at the fund
level are authorized by the City Council in accordance with the City Charter at the request of the City
Manager. The legal level of budgetary control is therefore at the fund level.
The City does not use encumbrance accounting.
54
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
E. CASH AND INVESTMENTS
Cash balances from all funds of the City are pooled and invested to the extent available in authorized
investments. Investments are stated at fair value, based upon quoted market prices. Investment income is
allocated to the individual funds on the basis of applicable cash balance participation by each fund using an
average of monthly beginning cash and investment balances.
The City provides temporary advances to funds that have insufficient cash balances by means of an
advance from another fund shown as interfund receivables in the advancing fund, and an interfund payable
in the fund with the deficit, until adequate resources are received. The 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. At December 31, 2012, the City had no
investments in 2a7-like external investment pools. Investment income is accrued at the balance sheet date.
F. 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 are planned to be eliminated in the
subsequent year. 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.”
Because utility bills are considered liens on property, no estimated uncollectible amounts are established.
Uncollectible amounts are not material for property taxes, special assessments and other receivables, and
have not been reported.
G. 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.
55
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
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 received by the City are
recognized as revenue for the current year. Delinquent taxes 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 taxes receivable in governmental funds are offset by deferred revenue.
H. 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. 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 and deferred special assessments receivable in governmental
funds are offset by deferred revenue.
I. INVENTORIES
GOVERNMENTAL FUNDS
The original cost of materials and supplies has been recorded as expenditures at the time of purchase.
These funds do not maintain material amounts of inventories. Real estate held for resale is valued at the
lower of cost or estimated net realizable value.
PROPRIETARY FUNDS
Inventories of the Proprietary Funds are stated at cost, which approximates market, using the first-in, first-
out (FIFO) method.
56
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
J. 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.
K. CAPITAL ASSETS
Capital assets, which include land, buildings, equipment, and infrastructure assets (e.g., roads, sidewalks,
water systems, sewer systems and similar items), are reported in the applicable governmental or business-
type activities columns in the government-wide financial statements. The City defines capital assets as
assets with an estimated useful life in excess of one year and an initial individual cost of more than the
following:
Land $1
Buildings 25,000
Equipment 5,000
Infrastructure 250,000
Capitalization Threshold
Such assets are recorded at historical cost or estimated historical cost if purchased or constructed.
Infrastructure assets acquired prior to June 30, 1980 are not recorded. Donated capital assets are recorded
at estimated fair market value at the date of donation. 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.
Property, plant and equipment of the primary government, as well as the component units, is depreciated
using the straight line method over the following estimated useful lives:
Buildings (and building components)10 - 50 years
Equipment3 - 15 years
Infrastructure20 - 60 years
Capital Assets
L. COMPENSATED ABSENCES
It is the City's policy to permit employees to accumulate earned but unused vacation and sick pay benefits.
All vacation pay and the vested portion of sick pay is accrued when incurred in the government-wide and
proprietary fund financial statements. A liability for these amounts is reported in governmental funds only
if they have matured, for example, as a result of employee resignations and retirements. 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 sick pay benefits.
57
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Typically, resources from the compensated absences fund are used to liquidate the liability for compensated
absences.
M. LONG-TERM OBLIGATIONS
In the government-wide financial statements and proprietary fund types 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 fund type statement of net position. Bond premiums and
discounts, as well as issuance costs, are immaterial and are expensed in the year of bond issuance.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well
as bond issuance costs, 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. Issuance costs, whether or not withheld
from the actual debt proceeds received, are reported as debt service expenditures.
N. 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 forms, such as prepaid items and
assets for resale.
Restricted – consists of amounts related to externally imposed constraints established by creditors,
grantors or contributors; or constraints imposed by state statutory provisions.
Committed – consist 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 resolution, the City Manager or Finance
Director is authorized to establish assignment 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 first use
restricted resources, and then use unrestricted as they are needed. 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.
58
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
O. INTERFUND TRANSACTIONS
Interfund 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.
P. 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.
Q. COMPARATIVE DATA/RECLASSIFICATIONS
Certain comparative total data for the prior year has been presented in the government-wide financial
statements in order to provide an understanding of the changes in the City’s financial position and
operations. Certain amounts presented in the prior year data have been reclassified in order to be consistent
with the current year’s presentation.
R. 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 states, “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 ($19,057,633) difference are as follows:
Accrued interest payable ($333,411)
Other postemployment benefits payable (105,492)
Bonds payable (18,618,730)
Adjustment to fund balance - total governmental
funds - to arrive at net position of governmental activities($19,057,633)
59
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
2. EXPLANATION OF CERTAIN DIFFERENCES BETWEEN THE GOVERNMENTAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE AND
THE GOVERNMENT-WIDE STATEMENT OF ACTIVITIES
The governmental fund statement of revenues, expenditures and changes in fund balance includes a
reconciliation between net changes in fund balance – total governmental funds and changes in net
position of governmental activities as reported in the government-wide statement of activities. One
element of that reconciliation states, “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 difference is the amount by which outlays for capital
assets exceeded depreciation in the current year.” The details of this ($1,175,879) difference are as
follows:
Total capital outlay in government fund financial statements$1,579,849
Adjustments for non-capital items(128,141)
Adjustments to the carrying value of real estate held for resale(508,102)
Depreciation expense(2,119,485)
Adjustment to net changes in fund balances -
total governmental funds - to arrive at
changes in net position of governmental activities.($1,175,879) Another element of that reconciliation states, “The issuance of long-term debt provides current
financial resources to the governmental funds, while repayment of the principal of long-term debt
consumes the current financial resources of governmental funds. Neither transaction has any effect on
net position however. This amount is the net effect of these differences in the treatment of long-term
debt.” The details of this $972,000 difference are as follows:
Principal repayments:
General obligation bonds 919,000
Revenue bonds53,000
Adjustment to net changes in fund balances -
total governmental funds - to arrive at
changes in net position of governmental activities.$972,000
60
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Another element of that reconciliation states, “Revenue earned in prior years, that first becomes
available in the current year is reported in the governmental funds. Whereas, this amount was reported
in the statement of activities in the prior year(s) in which it was earned” The details of this ($374,423)
difference are as follows:
General property taxes deferred revenue:
At December 31, 2011($348,216)
At December 31, 2012 330,845
Tax increment taxes deferred revenue:
At December 31, 2011(25,238)
At December 31, 201211,029
Special assessments deferred revenue:
At December 31, 2011(3,063,482)
At December 31, 20122,788,639
State Aid deferred revenue:
At December 31, 2011(83,000)
At December 31, 201215,000
Adjustment to net changes in fund balances -
total governmental funds - to arrive at
changes in net position of governmental activities.($374,423)
S. STATEMENT OF CASH FLOWS
For purposes of the Statement of Cash Flows, the City considers all highly liquid debt instruments with an
original maturity of three months or less to be cash equivalents. All of the Proprietary Funds' equity in the
City-wide cash and investment management pool is considered to be cash equivalents.
61
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 2 DEPOSITS AND INVESTMENTS
The City maintains a cash and investment pool that is available for use by all funds of the City. Also at December
31, 2012, a portion of the total cash and investments was held in trust by a fiscal agent for debt service under the
terms of the EDA 2007B series bonds. The City's total cash and investment balances as of December 31, 2012 are
as follows:
Carrying
Amount At
Fair Value
Investments$17,415,908
Deposits10,751,252
Cash on hand8,860
(Less) fidcuiary fund cash(9,748)
$28,166,272
Cash and investments$27,767,018
Cash and investments with fiscal agent399,254
$28,166,272
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
Clerk/Treasurer or in a financial institution other than that furnishing the collateral. Authorized collateral
includes the following:
(1) United States government treasury bills, treasury notes and treasury bonds;
(2) Issues of United States government agencies and instrumentalities as quoted by a recognized industry
quotation service available to the government entity;
(3) 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;
(4) Unrated general obligation securities of a local government with taxing powers may be pledged as
collateral against funds deposited by that same local government entity;
(5) 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
(6) Time deposits that are fully insured by the Federal Deposit Insurance Corporation.
62
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Deposits as of December 31, 2012 are as follows:
Carrying
Bank Amount At
BalancesFair Value
Demand deposits$1,356,983$1,133,420
Time deposits9,573,9809,617,832
Total$10,930,963$10,751,252
B. INVESTMENTS
Minnesota Statutes Section 118A authorizes 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.
b) Shares of investment companies described in Section 118A.05. This includes primarily money market
funds rated in the top two rating categories by a national rating service, and companies whose only
investments are described in items a) through h) of this note.
c) Obligations of the State of Minnesota or any of its municipalities 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 acceptance of United States banks eligible for purchase by the Federal Reserve System.
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.
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.
h) Guaranteed investment contracts with certain U.S. financial institutions carrying only high quality
unsecured debt, if the City has withdrawal rights upon a decline in debt quality.
63
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Investments as of December 31, 2012 are as follows:
Weighted
Average CarryingPercentage
MaturitiesAmount Atof Fair Value
In YearsFair ValuePer Issuer
Notes issued by U.S. government agencies:
Federal Home Loan Bank10.3$10,220,80458.6%
Federal Home Loan Mortgage Corporation8.91,810,78610.4%
Federal National Mortgage Association14.84,759,20827.3%
Money market mutual funds:
Evergreen U.S. Government FundN/A12,3580.1%
Western Asset Government FundN/A168,6441.0%
Other issuersN/A444,1082.6%
Total investments17,415,908$ 100.0%
C. INVESTMENT RISKS
The City's investment policy follows Minnesota State Statutes described above, which reduce the City's
exposure to credit, custodial credit and interest rate risks. Additional risk information for the City
is as follows:
a) 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.
b) Credit risk - investments - 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. As of December 31, 2012, the
City's investments in the Notes issued by U.S. government agencies were all rated AA+ by Standard &
Poor's, and Aaa by Moody's Investors Service. The money market funds in which the City held shares
at December 31, 2012, were not rated, but are invested in U.S. Government Obligations and/or
securities guaranteed by the U.S. government, and those underlying securities are rated AA+ by
Standard and Poors and Aaa by Moody’s Investor Service.
c) 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. The table above details the percentage of the City's investments
with each issuer at December 31, 2012.
d) Custodial credit risk – Custodial credit risk is the risk that in the event of a failure of the counterparty,
the City will not be able to recover the value of its investment securities that are in the possession of an
outside party. As of December 31, 2012, investments in securities are held by the City’s three broker-
dealers in the City’s name, with $500,000 of those securities at each broker-dealer insured by SIPC.
Each broker-dealer has provided additional protection by providing additional insurance. This
additional insurance is subject to aggregate limits applied to all of the broker-dealer’s accounts.
Investments in 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.
64
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 3 RECEIVABLES
Significant receivables balances not expected to be collected within one year of December 31, 2012 are as follows:
Total
2008A TaxableCapital
GO Housing ImpImprovement
Area Bonds FundPIR Fund
Special assessments receivable$766,380$1,553,836$2,320,216
Total$766,380$1,553,836$2,320,216
Major Funds
Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to
be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in
connection with resources that have been received, but not yet earned. At the end of the current fiscal year, the
various components of deferred revenue-unavailable and deferred revenue-unearned reported in the governmental
funds were as follows:
UnavailableUnearned
Delinquent property taxes receivable (General Fund)$319,454$ -
Delinquent property taxes receivable (Nonmajor Funds)11,391 -
Delinquent tax increment (Nonmajor Funds)11,029 -
Delinquent special assessments (2008A GO Txbl. Hsg. Imp. Area Bonds Fund)2,286 -
Delinquent special assessments (Capital Improvements - PIR Fund)44,074 -
Special assessments not yet due (2008A GO Txbl. Hsg. Imp. Area Bonds Fund)817,865 -
Special assessments not yet due (Capital Improvements - PIR Fund)1,924,412 -
Intergovernmental revenue (State Aid Construction)15,000 -
Contract service fees received but unearned (General Fund) - 142,052
Rental fees received in advance (Nonmajor Funds) - 32,134
Forfeitures with adjudication pending (Nonmajor Funds) - 21,525
Total deferred revenue for governmental funds$3,145,511$195,711
65
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 4 CAPITAL ASSETS
Capital asset activity for the year ended December 31, 2012 is as follows:
Beginning Ending
BalanceAdditionsDeletionsBalance
Governmental activities:
Capital assets - not depreciated:
Land $4,891,781$433,842$ - $5,325,623
Construction in progress 4,626,255 689,722 (4,427,963) 888,014
Total capital assets not being depreciated9,518,036 1,123,564 (4,427,963) 6,213,637
Capital assets - being depreciated:
Buildings 27,958,872 167,533 - 28,126,405
Equipment 7,975,687 411,103 (79,296) 8,307,494
Infrastructure 25,914,602 3,718,017 - 29,632,619
Total capital assets being depreciated61,849,161 4,296,653 (79,296) 66,066,518
Less accumulated depreciation for:
Buildings 10,654,566 712,411 - 11,366,977
Equipment 5,143,092 531,042 (75,319) 5,598,815
Infrastructure 12,247,483 938,688 - 13,186,171
Total accumulated depreciation 28,045,141 2,182,141 (75,319) 30,151,963
Capital assets being depreciated - net 33,804,020 2,114,512 (3,977) 35,914,555
Governmental activities capital assets - net43,322,056 3,238,076 (4,431,940) 42,128,192
Business-type activities:
Capital assets - not depreciated:
Land 2,343,247 5,966 - 2,349,213
Construction in progress 1,069,779 792,534 (1,602,383) 259,930
Total capital assets not being depreciated3,413,026 798,500 (1,602,383) 2,609,143
Capital assets - being depreciated:
Buildings 4,581,314 50,000 - 4,631,314
Equipment 2,171,819 43,688 - 2,215,507
Infrastructure 14,484,426 1,535,270 - 16,019,696
Total capital assets being depreciated21,237,559 1,628,958 - 22,866,517
Less accumulated depreciation for:
Buildings 1,101,886 132,099 - 1,233,985
Equipment 1,491,708 123,343 - 1,615,051
Infrastructure 7,150,735 349,165 - 7,499,900
Total accumulated depreciation 9,744,329 604,607 - 10,348,936
Capital assets being depreciated - net 11,493,230 1,024,351 - 12,517,581
Business-type activities capital assets - net14,906,256 1,822,851 (1,602,383) 15,126,724
Total capital assets - net $58,228,312$5,060,927($6,034,323)$57,254,916
66
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Depreciation expense was charged to functions/programs of the primary government – governmental activities as
follows:
Governmental activities:
General government$94,793
Public safety511,033
Public works1,124,278
Culture and recreation279,469
Community development109,912
Depreciation on capital assets held by governmental internal service activities
is charged to each function based on use:
Central garage62,656
Total depreciation expense - capital assets held by governmental activities$2,182,141
Depreciation expense was charged to functions/programs of the primary government - business-type activities as
follows:
Business-type activities:
Water $218,457
Sewer 131,754
Refuse 1,485
Storm sewer83,994
Liquor 150,288
Depreciation on capital assets held by business-type internal service activities
is charged to each function based on use:
Information systems18,629
Total depreciation expense - capital assets held by business-type activities$604,607
67
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 5 INTERFUND RECEIVABLES, PAYABLES , CAPITAL LEASES AND TRANSFERS
INTERFUND RECEIVABLES, PAYABLES
Individual fund interfund receivable and payable balances at December 31, 2012 are as follows:
Fund ReceivablePayable
Major Funds:
General Fund $326,456$ -
Municipal State Aid Street - 307,446
Capital Equipment Replacement General Gov't 405,000 -
Water 62,362399,497
Sewer 22,858 -
Storm Sewer - 86,862
Nonmajor funds 14,37937,250
Total $831,055$831,055
$9,290 of these interfund balances are for services provided in 2012 and reimbursed in 2013. Also included in these
balances is an interfund loan from the Capital Equipment Replacement – General Government Fund to the Water
Fund for $323,000, and to the Storm Sewer Fund for $82,000; to finance utility infrastructure improvements. All
other interfund balances at December 31, 2012, reflect lending arrangements to cover deficit cash balances at
yearend, including some to finance the acquisition of certain real estate held for resale. Substantially all such other
amounts are expected to be repaid within one year.
INTERFUND TRANSFERS
Interfund transfers during the year ended December 31, 2012 are as follows:
CapitalCapital EqpCapitalOther
Imprvmts GenReplacementImprvmtsGovtlInternal
GeneralGovt BldgGen GovtDevelopmentFundsServiceTotal
Transfers out:
Major funds:
Governmental:
General$ - $22,536$50,000$ - $268,434$45,000$385,970
Municipal State Aid Street - - - - 2,400 - 2,400
Capital Imprvmts PIR - - - - 281,129 - 281,129
Enterprise:
Water88,344 - - - - 45,000133,344
Sewer88,342 - - - - 45,000133,342
Refuse70,461 - - - - 45,000115,461
Liquor51,667 - - - - 45,00096,667
Nonmajor funds:
Other governmental funds59,262 - - 13,1661,20065,000138,628
Internal service funds - - - - - 4,0004,000
Total$358,076$22,536$50,000$13,166$553,163$294,000$1,290,941
Transfers In
Nonmajor Funds
Governmental
Major Funds
68
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 6 LONG-TERM DEBT
GENERAL OBLIGATION BONDS
The City issues General Obligation Bonds to provide funds for the acquisition and construction of major capital
improvements. General Obligation Bonds are direct obligations and are backed by the full faith and credit of the
City. Any deficiencies in pledged revenues will be offset by general property taxes. All of the bonds are serial
bonds, which require semiannual payments of principal and/or interest from the date the bonds are issued. There are
a number of limitations and restrictions contained in the various bond indentures. The City is in compliance with all
significant limitations and restrictions. General obligation bonds outstanding at December 31, 2012, are as follows:
Pledged revenue,
if any, in addition toOriginal InterestIssueFinal Balance
general property taxesIssueRateDateMaturityEnd of Year
Governmental activities:
GO Street rehabilitation series 2007ANone$1,000,0004.00-4.375%9/19/20072/1/2018$665,000
GO Public safety center series 2008BNone10,000,0004.30-4.55%8/6/20082/1/20389,610,000
GO Public facilities series 2009ANone3,005,0002.00-4.75%7/1/20092/1/20382,815,000
Taxable GO tax increment bonds series 2009BTax increment580,0003.40-5.10%7/1/20092/1/2021580,000
GO Improvement series 2006ASpecial assessments2,759,5504.00%12/7/20062/1/2020926,730
Taxable GO housing imprvmt area series 2008ASpecial assessments975,0005.00-6.05%7/16/20082/1/2024840,000
GO Public Facilities series 2009ASpecial assessments605,0002.00-4.75%7/1/20092/1/2019445,000
Business-type activities:
GO Improvement series 2006AUtility revenues645,4504.00%12/7/20062/1/2017488,270
GO Utility revenue series 2006AUtility revenues670,0004.00%12/7/20062/1/2017375,000
GO Public Facilities series 2009AUtility revenues325,0002.00-4.75%7/1/20092/1/2019260,000
Total general obligation bonds outstanding $17,005,000
69
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
As of December 31, 2012, the annual debt service requirements to maturity for general obligation bonds are as
follows:
Fiscal Year
Ending
December 31PrincipalInterestPrincipalInterest
2013$882,560$676,963$192,440$39,612
2014896,500642,527223,50031,773
2015692,000610,974198,00023,693
2016729,730582,256200,27016,034
2017756,000551,436229,0007,680
2018725,000519,60640,0002,400
2019585,000490,62940,000800
2020575,000464,474 - -
2021-20252,615,0001,946,618 - -
2026-20302,320,0001,424,506 - -
2031-20352,955,000840,506 - -
2036-20382,150,000151,274 - -
Total$15,881,790$8,901,769$1,123,210$121,992
Governmental ActivitiesBusiness-Type Activities
REVENUE BONDS
The City issues revenue bonds for which the City pledges only the income derived from the acquired or constructed
assets or redevelopment to pay the debt service. All of the bonds are serial bonds, which require semiannual
payments of principal and/or interest from the date the bonds are issued. There are a number of limitations and
restrictions contained in the bond indentures. The City is in compliance with all significant limitations and
restrictions. Revenue bonds outstanding at December 31, 2012 are as follows:
Original InterestIssueFinal Balance
Pledged revenueIssueRateDateMaturityEnd of Year
Governmental activities:
Tax increment revenue series 2007Tax increment$2,890,0005.00-5.375%8/3/20072/15/2032$2,737,000
Business-type activities:
Public facility lease revenue series 2007BLiquor revenues5,040,0004.50-5.00%9/19/20072/1/20304,595,000
Total revenue bonds outstanding $7,332,000
70
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
As of December 31, 2012, the annual debt service requirements to maturity for revenue bonds are as follows:
Fiscal Year
Ending
December 31PrincipalInterestPrincipalInterest
2013$58,000$143,488$165,000$216,568
201462,000140,488170,000209,030
201568,000137,238180,000201,155
201674,000133,688185,000192,942
201780,000129,838195,000184,393
201887,000125,576205,000175,239
201994,000120,870215,000165,474
2020102,000115,774230,000155,128
2021-2025636,000486,6751,330,000595,453
2026-2030900,000282,2941,720,000223,105
2031-2032576,00034,722 - -
Total$2,737,000$1,850,651$4,595,000$2,318,487
Governmental ActivitiesBusiness-Type Activities
PLEDGED REVENUES
Refer to the schedules above for the terms of bonds with pledged revenues. Additional information on pledged
revenues by type, as of December 31, 2012, and for the the year then ended, is as follows:
Related BondAs PercentageRelated Bond
PledgedActivityPrincipalof RevenuePrincipalPledged
RevenueFinancedand InterestPledgedand InterestRevenue
Project-specificStreet
special assessmentsimprovements$1,509,65095%$419,312$287,129
Project-specificPrivate
special assessmentsredevelopment1,170,65395%99,495107,167
Project-specificPublic/Private
tax incrementredevelopment5,300,96183%225,248274,899
Water and storm-Utility system
sewer net revenuesimprovements1,245,26330%227,426760,950
Annual appropriationMunicipal store
of liquor net revenuesconstruction6,913,488100%378,768377,629
Total RemainingCurrent Year
71
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
CHANGES IN LONG-TERM LIABILITIES
Long-term liability activity for the year ended December 31, 2012 is as follows:
Beginning EndingDue Within
BalanceAdditionsReductionsBalanceOne Year
Governmental activities:
Bonds payable:
General obligation bonds repaid only with general taxes $12,698,431$ - ($390,000)$12,308,431$410,000
General obligation bonds with other pledged revenues4,102,299 - (529,000)3,573,299472,500
Revenue bonds 2,790,000 - (53,000)2,737,00058,000
Total bonds payable 19,590,730 - (972,000)18,618,730940,500
Compensated absences 944,689440,012(433,764)950,93757,056
Postemployment benefits other than pensions 58,76181,016(34,285)105,492 -
Total governmental activity long-term liab ilities$20,594,180$521,028($1,440,049)$19,675,159$997,556
Business-type activities:
Bonds payable:
General obligation bonds with other pledged revenues$1,304,270$ - ($181,000)$1,123,270$192,500
Revenue bonds 4,750,000 - (155,000)4,595,000165,000
Total bonds payable 6,054,270 - (336,000)5,718,270357,500
Compensated absences 137,148120,079(85,120)172,10710,326
Total business-type activity long-term lia bilities$6,191,418$120,079($421,120)$5,890,377$367,826 For governmental activities, compensated absences are generally liquidated by the compensated absences fund, an
internal service fund.
Note 7 CONDUIT DEBT
From time to time, the City has issued Revenue Bonds to provide financial assistance to private-sector entities for
the acquisition and construction of facilities deemed to be in the public interest. The bonds are secured by the
property financed and are payable solely from private-sector entity revenues. Upon repayment of the bonds,
ownership of the acquired facilities transfers to the private-sector entity served by the bond issuance. The City, the
EDA, and the HRA, are not 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, 2012, there were Revenue Bonds of this type outstanding with an estimated aggregate principal
amount payable of approximately $20,065,000.
72
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
Note 8 FUND BALANCE
A. CLASSIFICATIONS
At December 31, 2012, the City has various fund equities through legal restrictions and City Council
authorizations. A summary of such classifications are as follows:
2008A TaxMunicipalCapital ImpCap Eqp Capital
GeneralGO Housing State AidGeneral Replacement ImprovementNonmajor
FundImp BondStreetGovt BldgGen GovtPIRDevelopmentGov'tTotal
2012 Fund Balance
Nonspendable
Prepaid items $87,341$ - $ - $ - $ - $ - $ - $3,046$90,387
Interfund loans - - - - 405,000 - - - 405,000
Land Held for Resale - - - - - 48,000 1,034,135 1,273,671 2,355,806
Total nonspendable $87,341$ - $ - $ - $405,000$48,000$1,034,135$1,276,717$2,851,193
Restricted for:
Tax Increment $ - $ - $ - $ - $ - $ - $ - $1,364,932$1,364,932
Debt service - 182,402 - - - - - 1,377,583 1,559,985
Police & Fire purposes - - - - - - - 85,709 85,709
Culture and Recreation purposes - - - - - - - 294,265 294,265
Housing and Redevelopment - - - - - - - 881,190 881,190
Total restricted
$ - $182,402$ - $ - $ - $ - $ - $4,003,679$4,186,081
Committed:
Cable TV $ - $ - $ - $ - $ - $ - $ - $497,180$497,180
Culture and Recreation purposes - - - - - - - 398,601 398,601
Housing and Redevelopment - - - - - - 1,014,546 1,626,602 2,641,148
Capital Improvement - - 166,592 1,098,520 - 818,671 - 1,402,414 3,486,197
Capital Equipment - - - - 3,965,242 - - - 3,965,242
Police & Fire purposes 2,276 - - - - - - - 2,276
Downtown Parking Maintenance 72,318 - - - - - - - 72,318
Total committed
$74,594$ - $166,592$1,098,520$3,965,242$818,671$1,014,546$3,924,797$11,062,962
Unassigned $5,914,974$ - $ - $ - $ - $ - $ - ($2,782)$5,912,192
Total fund balance $6,076,909$182,402$166,592$1,098,520$4,370,242$866,671$2,048,681$9,202,411$24,012,428
B. DEFICIT FUND BALANCE
The following fund had a fund deficit as of December 31, 2012. The City will finance this deficit through
internal sources in future years:
Nonmajor Funds:
Special Revenue Funds:
Police Grants($2,782)
Internal Service Funds:
Compensated Absences(1,413)
($4,195)
73
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
C. MINIMUM FUND BALANCE POLICY
The City Council has formally adopted a fund balance policy for the General Fund and the combined
Library Fund, Capital Building Library Fund (non-major funds). The most significant revenue sources for
these funds are 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 target of unassigned fund balance for the General Fund and spendable
fund balance for the combined Library and Capital Building Library funds equal to at least 45% of the next
year’s budgeted expenditures.
At December 31, 2012, both funds have met this goal.
Note 9 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). These are
cost-sharing, multiple-employer retirement plans. These plans are established and administered in
accordance with Minnesota Statute, 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. The City has no current employees that are
Basic Plan members. All new members must participate in the Coordinated Plan. All police officers and
firefighters 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.
For all PEPFF and PERF members that began service prior to July 1, 1989, a full annuity is available when
age plus years of service equal 90. For these members, benefits are calculated using the greater of the step
rate or level rate formulas. Only the level rate formula applies to members that began service after June 30,
1989. A reduced retirement annuity is available to eligible members seeking early retirement.
There are different types of annuities available to members upon retirement. A normal annuity is a lifetime
annuity that ceases upon the death of the retiree – no survivor annuity is payable. There are also various
types of joint and survivor annuity options available which reduce the monthly normal annuity amount,
because the annuity is payable over joint lives. Members may also leave their contributions in the fund
upon termination of public service in order to qualify for a deferred annuity at retirement age. Refunds of
contributions are available at any time to members who leave public service, but before retirement benefits
begin. 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.
74
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
PERA issues a publicly available financial report that includes financial statements and required
supplementary information for GERF and PEPFF. That report may be obtained by writing to PERA, 60
Empire Drive #200, St. Paul, Minnesota, 55103-1855 or by calling (651) 296-7460 or 1-800-652-9026.
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 Coordinated Plan members are required to contribute
6.25% of their annual covered salary in 2012. The PEPFF members are required to contribute 9.6% of their
annual covered salary in 2012. The City is required to contribute the following percentages of annual
covered payroll: 7.25% for Coordinated Plan GERF members, and 14.4% for PEPFF members. Employer
and employee contribution rates for PEPFF will increase in 2014; 10.2% for employees and 15.3% for
employer. The City’s contributions for the last three years, which were equal to the contractually required
contributions for each year as set by state statute, are as follows:
Year Ended December 31,GERFPEPFF
2010$343,485$387,431
2011364,288391,573
2012355,330406,131
Note 10 DEFINED CONTRIBUTION PLAN
A. FIRE RELIEF ASSOCIATION, PAID ON-CALL DIVISION
The Columbia Heights Fire Department Relief Association is the administrator of a single-employer pension
plan for the paid on-call members of the City of Columbia Heights Fire Department.
Through October 26, 1997, the association operated as a defined benefit plan. Effective October 27, 1997, the
Association amended its by-laws and converted to a defined contribution plan. The pension plan was fully
funded at the time of conversion.
Benefits and contribution requirements are established by the Association’s by-laws and can be amended by the
Association’s Board of Directors with approval from the City. All provisions are within limitations established
by Minnesota statutes.
Type of Benefit. The exclusive pension provided by the Association is a "Defined Contribution Lump Sum
Service Pension" as defined in Minnesota Statutes §424A.02, Subdivision 4.
Contributions Required and Contributions Made. No contributions are required from the plan members or the
City. The plan is funded through state aid, investment income and discretionary contributions from the City.
For 2012, state aid was contributed to the plan. This state aid revenue and the related contribution
expense/expenditure of $64,464 are recognized in the accompanying financial statements for the year ended
December 31, 2012.
75
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
B. COUNCIL MEMBERS
Certain 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 the employees are tax deferred until time of withdrawal.
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. An eligible elected official
who decides to participate contributes 5% of salary, which is matched by the elected official’s employer. In
2012, plan members contributed $1,860 and the City contributed $1,860.
Note 11 POST EMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB)
A. PLAN DESCRIPTION
The City administers a single-employer defined benefit health care plan (the plan.) By state statute, the plan
provides an implicit rate subsidy for retired participants by allowing retirees under age 65 to purchase health
insurance at the premium rate available to active employees. In addition, by state statute, the plan provides
payment of insurance premiums, up to age 65, for public safety employees that retire with a qualifying
disability, equal to the current employer-paid portion of premiums for an active employee. The employer-paid
portion of premiums for an active employee is determined periodically by negotiation between the City and
collective bargaining units of city employees. The plan does not issue a publicly available financial report.
B. FUNDING POLICY
Participants under the implicit rate subsidy provision are required to contribute 100% of the stated premium
billed by the insurer. For 2012, participants under disabled public safety retiree provision were required to
contribute $0 for single coverage or a portion of the stated premium billed by the insurer for family coverage.
Under both provisions of the plan, the City is only required to contribute on a pay-as-go basis. This amount is
listed below for the current year.
The State of Minnesota, solely at its option, reimburses the City annually for a portion of the City’s costs under
the disabled public safety retiree provision. Historically, these reimbursements have approximated 60% of the
pay-as-go cost of this plan provision, but has dropped with the lastest acctuarial study to 20%. These
reimbursements are reported as revenue in the year received, separate from OPEB expenses/expenditures.
76
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
C. ANNUAL OPEB COST AND NET OPEB OBLIGATION
The City’s annual OPEB cost is calculated based on the annual required contribution (ARC) determined by
periodic actuarial studies. The ARC represents a level of funding that, if paid on an ongoing basis, is projected
to cover the normal cost each year and to amortize the unfunded actuarial liability over a period not to exceed
thirty years. The components of the City’s OPEB cost for the current year and the changes in the City’s net
OPEB obligation to the plan are as follows:
Year Ended December 31, 2012
Annual required contribution$78,606
Interest on net OPEB obligation1,873
Adjustment to annual required contribution(3,139)
Annual OPEB cost77,340
Contributions made by City(30,609)
Increase in net OPEB obligation46,731
Net OPEB obligation-beginning of year58,761
Net OPEB obligation-end of year$105,492
Comparative OPEB information for the curent and three prior years includes the following:
Percentage of
Year EndedAnnual OPEBAnnual OPEBNet OPEB
December 31CostCost ContributedObligation
2009$25,89166%$21,141
201026,15260%30,661
201178,01659%58,761
201277,34040%105,492
D. FUNDED STATUS AND FUNDING PROGRESS
As of January 1, 2011, the most recent actuarial valuation date, the City’s unfunded actuarial accrued liability
(UAAL) was $775,238. Under the actuarial cost method used, this actuarial accrued liability is not a function
of the annual payroll of active employees covered by the plan (the covered payroll).
Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability
of events far into the future. Actuarially determined amounts are subject to continual revision as actual results
are compared to 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, beginning in 2008, about the whether the actuarial value of plan assets is
increasing or decreasing over time, relative to the actuarial accrued liability for benefits.
77
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
E. METHODS AND ASSUMPTIONS
The projection of benefits for financial reporting purposes is based on the type of benefits provided by the
substantive plan at each valuation date and the historical pattern of sharing benefit costs between the City and
the participants to that point. The methods used include techniques designed to reduce the effects of short-term
volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term
perspective of the calculations. The following methods and simplifying assumptions were used:
Actuarial cost method – Projected unit credit
Actuarial asset valuation method – Not applicable
Amortization of UAAL – Level dollar method over a thirty year closed period
Healthcare cost trend rate – 9% initially, declining to 5% after five years
Inflation rate assumed – less than 5% annual
Investment return assumed – 3% annual
Retirement age assumed - Public safety employees age 52, all others age 62
Turnover rate – based on actual experience for City for the years 2004-2008
Mortality – Life expectancies were based on the 2000 Retired Pensioners Mortality Rates for Male and
Female
Note 12 COMMITMENTS AND 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 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. For workers compensation,
the City is not subject to a deductible.
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 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.
78
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
B. LITIGATION
The City attorney has indicated that any existing and pending lawsuits, claims and other actions in which
the City is a defendant are either covered by insurance or development agreements; of an immaterial
amount; or, in the judgment of the City attorney, remotely recoverable by plaintiffs.
C. FEDERAL AND STATE FUNDS
Amounts received or receivable from federal and state agencies are subject to agency audit and adjustment.
Any disallowed claims, including amounts already collected, may constitute a liability of the applicable
funds. The amount, if any, of funds which may be disallowed by the agencies cannot be determined at this
time although the City expects such amounts, if any, to be immaterial.
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. CONTRACTUAL COMMITMENTS
PENDING SALE
In 2012, the Housing and Redevelopment Authority entered into an agreement to sell its 150 unit senior
apartment facility (Parkview Villa North and South), to Aeon, a regional non-profit housing entity. The sale
is contingent on the U.S. Department of Housing and Urban Development (HUD) allowing both the
dissolution of the Parkview Villa North portion of the facility as a Public Housing Agency project, and its
conversion to a project-based Section 8 facility. The post-2012 time frame for this decision by HUD is
uncertain.
CONSTRUCTION
The City has entered into several contractual commitments for construction projects that are in process at
yearend. At December 31, 2012, the City’s obligation for such projects was approximately $45,600.
TAX INCREMENT FINANCING AGREEMENTS
Additionally, under the terms of various tax increment financing agreements, the City has commitments to
reimburse developers for certain qualifying redevelopment costs plus interest. These future
reimbursements are limited, however, to the future tax increment received from certain tax increment
districts. The amount to be paid under these agreements is not determinable at this time.
79
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 2012
The following table summarizes the current year activity and contingent portions of these commitments:
TIFDistrict ExpendituresInterestExpendituresInterest
District EndsDeveloperReimbursedPaidAvailableAvailable
R82027Crestview ONDC1$ - $16,210$732,801$329,482
R82027Col Hts Tran Block - 11,286175,089 42,605
K22019Barnick 1,266 - 41,232 -
K22019Miske 16,4344,780 40,689 -
T62031BNC Bank - 84,449 6,650,000 1,865,438
Current YearContingent on Future Tax Increment
Note 13 RECENTLY ISSUED ACCOUNTING STANDARDS
For the year ended December 31, 2012, the City implemented the following statements issued by the Governmental
Accounting Standards Board (GASB), which did not have a material effect on the accompanying financial
statements:
Statement No. 60 Accounting and Financial Reporting for Service Concession Arrangements. The
provisions of this Statement are effective for financial statements for periods beginning after December 15,
2011.
Statement No. 62 Codification of Accounting and Financial Reporting Guidance Contained in Pre-
November 30, 1989 FASB and AICPA Pronouncements. The provisions of this Statement are effective for
financial statements for periods beginning after June 15, 2011.
Statement No. 63 Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources
and Net Position. The provisions of this Statement are effective for financial statements for periods
beginning after December 15, 2011.
The Governmental Accounting Standards Boards (GASB) recently approved the following statements which were
not implemented for these financial statements, but may affect the City in future years:
Statement No. 61 The Financial Reporting Entity Omnibus – An Amendment of GASB No. 14 and No. 34.
The provisions of this Statement are effective for financial statements for periods beginning after June 15,
2012.
Statement No. 65 Items Previously Reported as Assets and Liabilities. The provisions of this Statement are
effective for financial statements for periods beginning after December 15, 2012.
Statement No. 66 Technical Corrections – 2012. The provisions of this Statement are effective for
financial statements for periods beginning after December 15, 2012.
Statement No. 68 Accounting and Financial Reporting for Pension – an amendment of GASB statement
No. 27. The provisions of this Statement are effective for financial statements for periods beginning after
June 15, 2014.
The effect these standards may have on future financial statements is not determinable at this time.
80
REQUIRED SUPPLEMENTARY INFORMATION
81
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION Statement 10
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND Page 1 of 2
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted AmountsFinal Budget2011
ActualPositive Actual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Taxes$7,590,129$7,590,129$7,626,258$36,129$7,263,658
Licenses and permits179,500179,500200,95421,454158,385
Intergovernmental:
Market value homestead credit - - 3,0333,033172,810
All other1,407,0691,442,0391,492,85650,8171,498,355
Charges for services539,100558,596574,70816,112589,915
Fines and forfeitures144,000144,000128,543(15,457)146,140
Investment income:
Interest and dividends85,00085,00071,927(13,073)94,441
Change in fair value - - 4,7614,76152,150
Other revenues7,1507,1506,485(665)6,156
Total revenues9,951,948 10,006,414 10,109,525 103,111 9,982,010
Expenditures:
General government:
Council145,751145,751140,7505,001140,828
Manager416,705416,705412,4274,278398,346
Clerk123,728123,728100,80022,92865,643
Legal186,716186,716177,0699,647167,540
Finance706,700706,700694,56912,131710,048
Assessing129,643129,643118,11711,526120,237
General government buildings145,612145,612132,27913,333154,467
Capital outlay52,00050,000 - 50,00028,475
Total general government1,906,855 1,904,855 1,776,011 128,844 1,785,584
Public safety:
Police and animal control3,776,7973,815,4393,711,051104,3883,590,327
Fire and emergency management1,342,8471,358,6701,354,1144,5561,334,982
Capital outlay - - - - 14,791
Total public safety5,119,644 5,174,109 5,065,165 108,944 4,940,100
Public works:
Engineering344,155344,155279,98164,174279,062
Maintenance1,053,2881,103,2881,009,76593,523955,257
Sanitation129,481129,481128,3781,103101,644
Capital outlay7,0007,000195,687(188,687)56,978
Total public works1,533,924 1,583,924 1,613,811 (29,887)1,392,941
Other Departments:
Parks and recreation1,594,7501,594,7501,402,856191,8941,442,978
Contingencies50,00050,000 - 50,00022,214
Capital outlay6,0006,00015,934(9,934)9,084
Total recreation1,650,750 1,650,750 1,418,790 231,960 1,474,276
Total expenditures10,211,173 10,313,638 9,873,777 439,861 9,592,901
Revenues over (under) expenditures(259,225)(307,224)235,748542,972389,109
2012
82
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION Statement 10
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND Page 2 of 2
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted AmountsFinal Budget2011
ActualPositive Actual
OriginalFinalAmounts(Negative)Amounts
Other financing sources (uses):
Sale of capital assets$ - $ - $ - $ - $ -
Transfers in358,076358,076358,076 - 371,397
Transfers out(217,536)(378,329)(385,970)(7,641)(233,690)
Total other financing sources (uses)140,540 (20,253)(27,894)(7,641)137,707
Net change in fund balance($118,685)($327,477)207,854$535,331 526,816
Fund balance - January 15,869,0555,342,239
Fund balance - December 31$6,076,909 $5,869,055
2012
83
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION Statement 11
SCHEDULE OF FUNDING PROGRESS FOR THE RETIREE HEALTH PLAN
For The Year Ended December 31, 2012
Actuarial
Accrued UAAL as a
ActuarialActuarialLiability (AAL)Unfunded Percentage
ValuationValue of - ProjectedAAL Funded Coveredof Covered
Date AssetsUnit Credit(UAAL)Ratio Payroll Payroll
1/1/2008$ - $257,138 $257,1380%N/A N/A
1/1/2011 - 775,238 775,2380%N/A N/A
84
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE
NOTE TO RSI
December 31, 2012
Note A BUDGETS
The legal level of budgetary control is at the fund level. The General Fund and the following Special Revenue
Fund budgets are legally adopted on a basis consistent with accounting principles generally accepted in the
United States of America:
Nonmajor special revenue funds:
Cable television fund
Library fund
Community development fund
Economic Development Authority (component unit):
Economic Development Authority administration fund
Housing and Redevelopment Authority (component unit):
Parkview villa north fund
Parkview villa south fund
85
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86
COMBINING AND INDIVIDUAL FUND
STATEMENTS AND SCHEDULES
87
NONMAJOR GOVERNMENTAL FUNDS
88
SPECIAL REVENUE FUNDS
A Special Revenue Fund is used to account for the proceeds of special revenue sources that are
legally restricted to expenditures for specified purposes.
DEBT SERVICE FUNDS
The Debt Service Funds are used to account for the accumulation of resources for, and payment
of, interest, principal, and related costs on general long-term debt (other than debt of the
proprietary funds.)
CAPITAL PROJECT FUNDS
The Capital Projects Funds account for financial resources to be used for the acquisition or
construction of major capital facilities (other than those financed by proprietary funds.)
89
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING BALANCE SHEET Statement 12
NONMAJOR GOVERNMENTAL FUNDS
December 31, 2012
Total
Nonmajor
Special DebtCapital Governmental
Assets RevenueServiceProjectFunds
Cash and investments $3,907,456$2,749,135$1,406,173$8,062,764
Receivables:
Accounts 66,663 - - 66,663
Taxes 13,40126,699 - 40,100
Interest 7,800 5,400 3,40016,600
Due from other governmental units 97,753 - 4,964102,717
Interfund receivable 14,377 - - 14,377
Prepayments 3,046 - - 3,046
Real estate held for resale 119,764778,816375,0911,273,671
Total assets $4,230,260$3,560,050$1,789,628$9,579,938
Liabilities and Fund Balance
Liabilities:
Accounts payable $152,696$13,312$1,396$167,404
Accrued salaries and withholdings payable 19,660 - - 19,660
Contracts payable - retained percentage - - 10,72710,727
Due to other governmental units 39,310 - - 39,310
Interfund payable 22,87314,377 - 37,250
Deferred revenue 65,04911,030 - 76,079
Deposits 27,097 - - 27,097
Total liabilities 326,68538,71912,123377,527
Fund balance:
Nonspendable 122,810778,816375,0911,276,717
Restricted 1,261,1642,742,515 - 4,003,679
Committed 2,522,383 - 1,402,4143,924,797
Unassigned (2,782) - - (2,782)
Total fund balance 3,903,5753,521,3311,777,5059,202,411
Total liabilities and fund balance $4,230,260$3,560,050$1,789,628$9,579,938
90
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Statement 13
NONMAJOR GOVERNMENTAL FUNDS
For The Year Ended December 31, 2012
Total
Nonmajor
Special Debt CapitalGovernmental
Revenue Service Project Funds
Revenues:
Taxes $1,065,892 $688,819$ - $1,754,711
Tax increment collections - 567,259 - 567,259
Licenses and permits 195,272 - - 195,272
Intergovernmental 284,696 - 5,064289,760
Charges for services 958,293 - - 958,293
Fines and forfeitures 33,339 - - 33,339
Investment income:
Interest and dividends 36,742 22,600 14,200 73,542
Change in fair value 2,100 1,400 1,000 4,500
Other revenues 40,787 - - 40,787
Total revenues 2,617,121 1,280,078 20,264 3,917,463
Expenditures:
Current:
General government 28,324 - - 28,324
Public safety 1,228 - 11,875 13,103
Public works - - 43,170 43,170
Culture and recreation 767,153 - 1,505768,658
Community development 1,316,592 20,431 - 1,337,023
Capital outlay:
Public safety - - 87,951 87,951
Public works - - 30,193 30,193
Community development 158,523 429,581 18,382606,486
Debt service:
Principal retirement - 922,000 - 922,000
Interest and fiscal charges - 811,219 - 811,219
Developer incentives - 116,072 - 116,072
Total expenditures 2,271,820 2,299,303 193,076 4,764,199
Revenues over (under) expenditures 345,301 (1,019,225)(172,812)(846,736)
Other financing sources (uses):
Transfers in - 444,322108,841553,163
Transfers out (138,628) - - (138,628)
Total other financing sources (uses)(138,628)444,322 108,841 414,535
Net change in fund balance 206,673 (574,903)(63,971)(432,201)
Fund balance - January 1 3,696,9024,096,2341,841,4769,634,612
Fund balance - December 31 $3,903,575$3,521,331$1,777,505$9,202,411
91
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92
NONMAJOR
SPECIAL REVENUE FUNDS
The City of Columbia Heights had the following Nonmajor Special Revenue Funds during the
year:
Cable Television Fund 225 – established to account for revenues and expenditures associated
with the cable television franchise.
Police Forfeiture Fund 265 – established to account for forfeited cash and property received by
the police department.
Police Grants Fund 272 – established to account for revenues and expenditures of various grants
for police activities.
Library Fund 240 – established in 1993 to account for revenues and expenditures of the library.
After School Programs Fund 261 – established to account for revenues and expenditures
associated with various youth enrichment activities conducted by the recreation department and
the library, under agreements with Independent School District 13.
Contributed Projects – Recreation Fund 881 – established to monitor contributions for
recreational activities and related expenditures.
Contributed Projects – Other Fund 883 – established to monitor contributions and related
expenditures for activities other than recreation.
Special Projects Fund 226 – established to monitor revenues from special projects and related
expenditures.
Community Development Fund 201 – established to account for revenues and expenditures
associated with planning, building inspections, and community development projects within the
City.
Anoka County Comm Dev Programs Fund 202 – established to account for revenues and
expenditures of community development programs funded by or passed through Anoka County
to the City.
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94
Economic Development Authority – a separate legal entity from the City. The mayor and City
Council comprise the majority membership of this component unit. Its purpose is to foster
economic development in the City.
Economic Development Authority Administration Fund 204 – established to account for
revenues and expenditures of all EDA activity not accounted for in other EDA funds.
Housing and Redevelopment Authority – a separate legal entity from the City. The mayor and
City Council comprise the majority membership of this component unit. Its purpose is to operate
a senior housing complex.
Parkview Villa North Fund 203 – established to account for the revenues and
expenditures of the low-income, federally subsidized portion of a senior housing
complex.
Parkview Villa South Fund 213 – established to account for the revenues and
expenditures of the market-rate, non-federal portion of a senior housing complex.
95
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUBCOMBINING BALANCE SHEET
NONMAJOR SPECIAL REVENUE FUNDS
December 31, 2012
Cable
Television
Fund 225
Police
Forfeiture
Fund 265
Police Grants
Fund 272
Library Fund
240
After-School
Programs Fund
261
Assets
Cash and investments $449,564$53,304$ - $237,921$175,859
Receivables:
Accounts 46,448 - - - -
Taxes - - - - -
Interest 1,200 - - 800 500
Due from other governmental units - - 10,800 - 5,393
Interfund receivable - - - - -
Prepayments - - - 3,046 -
Real estate held for resale - - - - -
Total assets $497,212 $53,304 $10,800 $241,767 $181,752
Liabilities and Fund Balance
Liabilities:
Accounts payable $ - $ - $ - $5,350$2,653
Accrued salaries and withholdings payable 32 - - 10,745 484
Due to other governmental units - - - 2,640 -
Interfund payable - - 13,582 - -
Deferred revenue - 21,525 - - -
Deposits - - - - -
Total liabilities 3221,52513,58218,7353,137
Fund balance:
Nonspendable - - - 3,046 -
Restricted - 31,779 - - -
Committed 497,180 - - 219,986178,615
Unassigned - - (2,782) - -
Total fund balance 497,18031,779(2,782)223,032178,615
Total liabilities and fund balance $497,212 $53,304 $10,800 $241,767 $181,752
96
Statement 14
Contributed
Projects -
Recreation -
Fund 881
Contributed
Projects -
Other - Fund
883
Special
Projects Fund
226
Community
Development
Fund 201
Anoka County
Comm Dev
Programs
Fund 202
EDA Admin
Fund 204
(Component
Unit)
HRA Funds
(Component
Unit)
Total
Nonmajor
Special
Revenue
Funds
$127,994$219,261$474,142$196,393$18,656$212,414$1,741,948$3,907,456
- - - 143 - 17,2002,87266,663
- - - - - 13,401 - 13,401
400 6001,300 500 1003002,1007,800
- - - - - - 81,56097,753
- - - - - 14,377 - 14,377
- - - - - - - 3,046
- - - - 119,764 - - 119,764
$128,394 $219,861 $475,442 $197,036 $138,520 $257,692 $1,828,480 $4,230,260
$ - $60$ - $883$ - $43$143,707$152,696
- - - 3,263 - 5,136 - 19,660
- - - - - - 36,67039,310
- - - - - - 9,29122,873
- - 31,965 - - 11,391 16865,049
- - - - - - 27,09727,097
0 6031,9654,146 016,570216,933326,685
- - - - 119,764 - - 122,810
128,394219,801 - - 18,756 - 862,4341,261,164
- - 443,477192,890 - 241,122749,1132,522,383
- - - - - - - (2,782)
128,394219,801443,477192,890138,520241,1221,611,5473,903,575
$128,394 $219,861 $475,442 $197,036 $138,520 $257,692 $1,828,480 $4,230,260
97
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUBCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
NONMAJOR SPECIAL REVENUE FUNDS
For The Year Ended December 31, 2012
3
Cable
Television
Fund 225
Police
Forfeiture
Fund 265
Police Grants
Fund 272
Library Fund
240
After-School
Programs
Fund 261
Revenues:
Taxes$ - $ - $ - $765,195$ -
Licenses and permits - - - - -
Intergovernmental - - - - 57,337
Fees/program revenues181,597 - - 8,86819,468
Rents - - - - -
Fines and forfeitures - 18,399 - 14,940 -
Investment income:
Interest and dividends 5,100 - - 3,3002,000
Change in fair value 300 - - 200 100
Other revenues:
Contributions - - - - -
Miscellaneous 115 - - - -
Total revenues 187,11218,399 0792,50378,905
Expenditures:
Personal services 2,152 - - 529,81931,027
Supplies 1871,228 - 90,38711,176
Other services and charges 15,317 - - 65,09318,139
Capital outlay - - - - -
Total expenditures 17,6561,228 0685,29960,342
Revenues over (under) expenditures 169,45617,171 0107,20418,563
Other financing sources (uses):
Transfers out (66,881) - - (31,718) -
Total other financing sources (uses)(66,881)0 0(31,718)0
Net change in fund balance 102,57517,171 075,48618,563
Fund balance - January 1 394,60514,608(2,782)147,546160,052
Fund balance - December 31 $497,180 $31,779 ($2,782)$223,032 $178,615
98
Statement 15
Contributed
Projects -
Recreation -
Fund 881
Contributed
Projects -
Other - Fund
883
Special
Projects Fund
226
Community
Development
Fund 201
Anoka County
Comm Dev
Programs Fund
202
EDA Admin
Fund 204
(Component
Unit)
HRA Funds
(Component
Unit)
Total
Nonmajor
Special
Revenue
Funds
$ - $ - $ - $ - $ - $300,697$ - $1,065,892
- - - 195,272 - - - 195,272
- - - - 42,939 71184,349284,696
- - 19,625 - - 90 - 229,648
- - 75,074 - - - 653,571728,645
- - - - - - - 33,339
1,6002,7005,3002,300 2001,40012,84236,742
100 200 300 200 - 100 6002,100
19,4883,317 - - - - - 22,805
- - - 137 - - 17,73017,982
21,1886,217100,299197,90943,139302,358869,0922,617,121
- - - 187,165 - 245,73137,0001,032,894
17,3378,680 - 3,481 - 72456,859190,059
4,1751,988 26216,08430,58511,408727,293890,344
- - - - 30,332 - 128,191158,523
21,51210,668 262206,73060,917257,863949,3432,271,820
(324)(4,451)100,037(8,821)(17,778)44,495(80,251)345,301
- (1,200) - (12,832) - (25,997) - (138,628)
0(1,200)0(12,832)0(25,997)0(138,628)
(324)(5,651)100,037(21,653)(17,778)18,498(80,251)206,673
128,718225,452343,440214,543156,298222,6241,691,7983,696,902
$128,394 $219,801 $443,477 $192,890 $138,520 $241,122 $1,611,547 $3,903,575
99
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - CABLE TELEVISION FUND 225 Statement 16
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted AmountsFinal Budget-2011
ActualPositiveActual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Franchise fees$170,000$170,000$181,597$11,597$174,668
Investment income:
Interest and dividends - - 5,1005,1006,100
Change in fair value - - 3003003,400
Other revenues:
Miscellaneous - - 115115 -
Total revenues170,000170,000187,11217,112184,168
Expenditures:
Personal services6,3206,3202,1524,1682,273
Supplies70070018751314,547
Other services and charges29,91429,91415,31714,59739,969
Capital outlay - - - - -
Total expenditures36,93436,93417,65619,27856,789
Revenues over expenditures133,066133,066169,45636,390127,379
Other financing sources (uses):
Transfers out(66,881)(66,881)(66,881) - (66,668)
Net change in fund balance$66,185 $66,185 102,575$36,390 60,711
Fund balance - January 1394,605333,894
Fund balance - December 31$497,180 $394,605
2012
100
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - POLICE FORFEITURE FUND 265 Statement 17
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Forfeitures $18,399 $8,428
Expenditures:
Supplies 1,228 6,500
Other services and charges - 545
Capital outlay - 979
Total expenditures 1,228 8,024
Revenues over expenditures 17,171 404
Fund balance - January 1 14,608 14,204
Fund balance - December 31 $31,779 $14,608
101
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - POLICE GRANTS FUND 272 Statement 18
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Intergovernmental $ - $11,303
Expenditures:
Supplies - 13,443
Other services and charges - 642
Total expenditures 0 14,085
Revenues over (under) expenditures 0 (2,782)
Fund balance (deficit) - January 1 (2,782) -
Fund balance (deficit) - December 31 ($2,782)($2,782)
102
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - LIBRARY FUND 240 Statement 19
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted Amounts Final Budget-2011
ActualPositiveActual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Taxes $765,195$765,195$765,195$ - $757,620
Charges for services 10,78010,780 8,868(1,912)8,983
Fines 17,00017,00014,940(2,060)15,521
Investment income:
Interest and dividends 4,400 4,400 3,300(1,100)4,600
Change in fair value - - 200 2002,500
Other revenues:
Miscellaneous 200 200 - (200)60
Contributions 800 800 - (800) -
Total revenues 798,375 798,375 792,503 (5,872)789,284
Expenditures:
Personal services 594,361594,361529,81964,542548,490
Supplies 100,843100,84390,38710,456119,382
Other services and charges 71,45371,45365,093 6,36080,930
Total expenditures 766,657 766,657 685,299 81,358 748,802
Revenues over expenditures 31,718 31,718 107,204 75,486 40,482
Other financing sources (uses):
Transfers out (31,718)(31,718)(31,718) - (32,469)
Net change in fund balance $0 $0 75,486 $75,486 8,013
Fund balance - January 1 147,546 139,533
Fund balance - December 31 $223,032 $147,546
2012
103
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - AFTER SCHOOL PROGRAMS FUND 261 Statement 20
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Intergovernmental $57,337 $46,046
Program revenue 19,468 21,525
Investment income:
Interest and dividends 2,000 2,400
Change in fair value 100 1,300
Total revenues 78,905 71,271
Expenditures:
Personal services 31,027 29,482
Supplies 11,176 7,466
Other services and charges 18,139 17,233
Total expenditures 60,342 54,181
Revenues over expenditures 18,563 17,090
Fund balance - January 1 160,052 142,962
Fund balance - December 31 $178,615 $160,052
104
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - RECREATION CONTRIBUTED PROJECTS FUND 881 Statement 21
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Investment income:
Program revenue $ - $1,094
Interest and dividends 1,600 2,200
Change in fair value 100 1,200
Other revenue:
Contributions 19,488 26,040
Total revenues 21,188 30,534
Expenditures:
Supplies 17,337 15,957
Other services and charges 4,175 2,466
Total expenditures 21,512 18,423
Revenues over (under) expenditures (324)12,111
Fund balance - January 1 128,718 116,607
Fund balance - December 31 $128,394 $128,718
105
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - CONTRIBUTED PROJECTS - OTHER FUND 883 Statement 22
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Investment income:
Interest and dividends $2,700 $4,000
Change in fair value 200 2,200
Contributions 3,317 11,035
Total revenues 6,217 17,235
Expenditures:
Supplies 8,680 27,433
Other services and charges 1,988 565
Total expenditures 10,668 27,998
Revenues over (under) expenditures (4,451)(10,763)
Other financing sources (uses):
Transfers in - 5,200
Transfers out (1,200) -
Total other financing sources (uses)(1,200)5,200
Net change in fund balance (5,651)(5,563)
Fund balance - January 1 225,452 231,015
Fund balance - December 31 $219,801 $225,452
106
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - SPECIAL PROJECTS FUND 226 Statement 23
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Fees/program revenue $19,625$19,860
Rents 75,074 82,352
Investment income:
Interest and dividends 5,300 5,700
Change in fair value 300 3,100
Total revenues 100,299111,012
Expenditures:
Other services and charges 262 -
Revenues over expenditures 100,037111,012
Fund balance - January 1 343,440232,428
Fund balance - December 31 $443,477$343,440
107
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - COMMUNITY DEVELOPMENT FUND 201 Statement 24
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted Amounts Final Budget-2011
ActualPositiveActual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Licenses and permits $158,200$158,200$195,272$37,072$219,972
Investment income:
Interest and dividends - - 2,3002,3003,700
Change in fair value - - 200 2002,100
Miscellaneous - - 137 137 20
Total revenues 158,200 158,200 197,909 39,709 225,792
Expenditures:
Personal services 197,460197,460187,16510,295227,347
Supplies 5,8755,8753,4812,3943,119
Other services and charges 13,57413,57416,084(2,510)13,324
Total expenditures 216,909 216,909 206,730 10,179 243,790
Revenues over (under) expenditures (58,709)(58,709)(8,821)49,888 (17,998)
Other financing sources (uses):
Transfers out (12,832)(12,832)(12,832) - (13,110)
Net change in fund balance ($71,541)($71,541)(21,653)$49,888 (31,108)
Fund balance - January 1 214,543 245,651
Fund balance - December 31 $192,890 $214,543
2012
108
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - ANOKA COUNTY COMM DEV PROGRAMS FUND 202 Statement 25
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ACTUAL
For The Year Ended December 31, 2012
With Comparative Amounts For The Year Ended December 31, 2011
20122011
Revenues:
Intergovernmental $42,939 $6,000
Investment income:
Interest and dividends 200 -
Total revenues 43,139 6,000
Expenditures:
Other services and charges 30,585 6,000
Capital outlay 30,332 2,439
Total expenditures 60,917 8,439
Revenues over (under) expenditures (17,778)(2,439)
Fund balance - January 1 156,298 158,737
Fund balance - December 31 $138,520 $156,298
109
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION Statement 26
BUDGETARY COMPARISON SCHEDULE - ECONOMIC DEVELOPMENT AUTHORITY ADMINISTRATION FUND 204
(COMPONENT UNIT)
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted AmountsFinal Budget-2011
ActualPositiveActual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Taxes$303,154$303,154$300,697($2,457)$305,381
Fees/program revenues - - 909043,740
Intergovernmental:
Market value homestead credit - - 717115,259
Investment income:
Interest and dividends - - 1,4001,4001,500
Change in fair value - - 100100800
Total revenues303,154303,154302,358(796)366,680
Expenditures:
Personal services288,883288,883245,73143,152215,094
Other services and charges20,97420,97411,4089,56613,585
Supplies4,3004,3007243,5763,333
Total expenditures314,157314,157257,86356,294232,012
Revenues over (under) expenditures(11,003)(11,003)44,49555,498134,668
Other financing sources (uses):
Transfers out(25,997)(25,997)(25,997) - (103,110)
Net change in fund balance($37,000)($37,000)18,498$55,49831,558
Fund balance - January 1222,624191,066
Fund balance - December 31$241,122 $222,624
2012
110
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS - HOUSING AND REDEVELOPMENT AUTHORITY (COMPONENT UNIT)Statement 27
COMBINING BALANCE SHEET
December 31, 2012
ParkviewParkviewTotal
VillaVillaHousing and
NorthSouthRedevelopment
Fund 203Fund 213Authority
Assets
Cash and investments$946,063$795,885$1,741,948
Receivables:
Accounts1,8769962,872
Interest - 2,1002,100
Due from other governmental units81,560 - 81,560
Total assets$1,029,499 $798,981 $1,828,480
Liabilities and Fund Balance
Liabilities:
Accounts payable$122,531$21,176$143,707
Due to other governmental units24,32612,34436,670
Interfund payable1,5437,7489,291
Deferred revenue40128168
Deposits18,6258,47227,097
Total liabilities167,06549,868216,933
Fund balance:
Restricted862,434 - 862,434
Committed - 749,113749,113
Total fund balance 862,434749,1131,611,547
Total liabilities and fund balance$1,029,499 $798,981 $1,828,480
111
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS - HOUSING AND REDEVELOPMENT AUTHORITY (COMPONENT UNIT)Statement 28
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 2012
Parkview Parkview Total
Villa Villa Housing and
North SouthRedevelopment
Fund 203 Fund 213 Authority
Revenues:
Intergovernmental $184,349 $ - $184,349
Rents 358,920 294,651 653,571
Investment income:
Interest and dividends 4,042 8,800 12,842
Change in fair value - 600 600
Other revenues:
Miscellaneous 11,476 6,254 17,730
Total revenues 558,787 310,305 869,092
Expenditures:
Personal services 25,500 11,500 37,000
Supplies 30,095 26,764 56,859
Other services and charges 510,917 216,376 727,293
Capital outlay 128,191 - 128,191
Total expenditures 694,703 254,640 949,343
Revenues over (under) expenditures (135,916)55,665 (80,251)
Fund balance - January 1 998,350 693,448 1,691,798
Fund balance - December 31 $862,434 $749,113 $1,611,547
112
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - HOUSING & REDEVELOPMENT AUTHORITY- Statement 29
PARKVIEW VILLA NORTH FUND 203
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted Amounts Final Budget-2011
ActualPositiveActual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Intergovernmental revenue $282,200$282,200$184,349($97,851)$176,750
Rents 347,462347,462358,92011,458351,037
Investment income:
Interest and dividends 7,6957,6954,042(3,653)2,789
Other revenues 1,1041,10411,47610,3729,907
Total revenues 638,461638,461558,787(79,674)540,483
Expenditures:
Personal services 25,50025,50025,500 - 25,500
Supplies 25,19025,19030,095(4,905)21,187
Other services and charges 459,160459,160510,917(51,757)446,002
Capital outlay 92,20092,200128,191(35,991)9,855
Total expenditures 602,050602,050694,703(92,653)502,544
Revenues over (under) expenditures $36,411$36,411(135,916)($172,327)37,939
Fund balance - January 1 998,350 960,411
Fund balance - December 31 $862,434 $998,350
2012
113
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - HOUSING & REDEVELOPMENT AUTHORITY - Statement 30
PARKVIEW VILLA SOUTH FUND 213
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 2012
With Comparative Actual Amounts For The Year Ended December 31, 2011
Variance with
Budgeted Amounts Final Budget-2011
ActualPositiveActual
OriginalFinalAmounts(Negative)Amounts
Revenues:
Rents $314,990$314,990$294,651($20,339)$313,549
Investment income:
Interest and dividends - - 8,800 8,80010,300
Change in fair value - - 600 600 5,700
Other 2,325 2,325 6,254 3,929 6,156
Total revenues 317,315317,315310,305(7,010)335,705
Expenditures:
Personal services 11,50011,50011,500 - 11,500
Supplies 11,02511,02526,764(15,739)10,536
Other services and charges 221,576221,576216,376 5,200199,804
Capital outlay 35,00035,000 - 35,000 -
Total expenditures 279,101279,101254,64024,461221,840
Revenues over expenditures $38,214$38,21455,665$17,451113,865
Fund balance - January 1 693,448 579,583
Fund balance - December 31 $749,113 $693,448
2012
114
NONMAJOR
DEBT SERVICE FUNDS
The City of Columbia Heights had the following kinds of Nonmajor Debt Service Funds during
the year:
Bond Debt Service Funds – are separate funds used to account for the revenues and expenditures
of each separate bond issue.
Tax Increment Financing Funds – are separate funds used to account for the revenues and
expenditures of each separate Tax Increment Financing District.
115
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUBCOMBINING BALANCE SHEET
NONMAJOR DEBT SERVICE FUNDS
December 31, 2012
G.O.
Improvement/
Revenue
Bonds 2006A
Fund 340
G.O. Street
Rehabilitation
Bonds 2007
Fund 341
G.O. Public
Safety Center
Bonds 2008B
Fund 343
G.O. Public
Facilities
Bonds
2009A Fund
344
Assets
Cash and investments$458,893$120,998$458,464$332,639
Receivables:
Taxes - 9042,847838
Interest800100500600
Land held for resale - - - -
Total assets$459,693$122,002$461,811$334,077
Liabilities and Fund Balance
Liabilities:
Accounts payable$ - $ - $ - $ -
Deferred revenue:
Interfund payable - - - -
Property taxes - delinquent - - - -
Total liabilities0000
Fund balance:
Nonspendable - - - -
Restricted459,693122,002461,811334,077
Total fund balance459,693122,002461,811334,077
Total liabilities and fund balance$459,693$122,002$461,811$334,077
116
Statement 31
Tax
Increment
Bonds Fund
376
Sheffield TIF
Redevelopment
Fund 377
TIF Multi-Use
Redevelopment
Plan Fund 385
TIF
Transition
Block Fund
389
TIF 47th and
Central
Avenue Fund
371
TIF Huset
Park Area
Fund 372
EDA TIF
Revenue
Bonds 2007
Fund 373
Total
Nonmajor
Debt Service
Funds
$276,651$83,073$77,686$68,247$406,713$213,827$251,944$2,749,135
- 2,44854 - 7,38512,223 - 26,699
8002002002001,0005005005,400
450,667 - - - 328,149 - - 778,816
$728,118$85,721$77,940$68,447$743,247$226,550$252,444$3,560,050
$1,163$195$195$195$195$11,369$ - $13,312
- - 14,377 - - - - 14,377
- 2,448 - - 1,0427,540 - 11,030
1,1632,64314,5721951,23718,909038,719
450,667 - - - 328,149 - - 778,816
276,28883,07863,36868,252413,861207,641252,4442,742,515
726,95583,07863,36868,252742,010207,641252,4443,521,331
$728,118$85,721$77,940$68,447$743,247$226,550$252,444$3,560,050
EDA Component Unit
117
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUBCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
NONMAJOR DEBT SERVICE FUNDS
For The Year Ended December 31, 2012
G.O.
Improvement/
Revenue Bonds
2006A Fund 340
G.O. Street
Rehabilitation
Bonds 2007
Fund 341
G.O. Public
Safety Center
Bonds 2008B
Fund 343
G.O. Public
Facilities Bonds
2009A Fund 344
Revenues:
Taxes$ - $134,465$429,168$125,186
Tax increment collections - - - -
Intergovernmental - - - -
Investment income:
Interest and dividends3,5004002,0002,500
Change in fair value200 - 100200
Total revenues3,700134,865431,268127,886
Expenditures:
Current:
Other services and charges - - - -
Capital outlay:
Community development - - - -
Debt service:
Principal retirement419,00095,000200,000155,000
Interest and fiscal charges45,68030,900428,583131,911
Developer incentives - - - -
Total expenditures464,680125,900628,583286,911
Revenues over (under) expenditures(460,980)8,965(197,315)(159,025)
Other financing sources (uses):
Transfers in198,379 - 160,79385,150
Transfers out - - - -
Total other financing sources (uses)198,3790160,79385,150
Net change in fund balance(262,601)8,965(36,522)(73,875)
Fund balance - January 1722,294113,037498,333407,952
Fund balance - December 31$459,693$122,002$461,811$334,077
118
Statement 32
Tax Increment
Bonds Fund 376
Sheffield TIF
Redevelopment
Fund 377
TIF Multi-Use
Redevelopment
Plan Fund 385
TIF
Transition
Block Fund
389
TIF 47th and
Central
Avenue Fund
371
TIF Huset
Park Area
Fund 372
EDA TIF
Revenue
Bonds 2007
Fund 373
Intrafund
Eliminations
Total
Nonmajor
Debt Service
Funds
$ - $ - $ - $ - $ - $ - $ - $ - $688,819
- 71,84130,13945,37694,367325,536 - - 567,259
- - - - - - - - -
3,400 800 8006004,4002,2002,000 - 22,600
200 100 100 - 300 100100 - 1,400
3,60072,74131,03945,97699,067327,8362,100 01,280,078
2,907 2,085 1,6551,7153,4388,631 - - 20,431
185,895 - - - 243,686 - - - 429,581
- - - - - - 53,000 - 922,000
- 721 - - 26,410 - 147,014 - 811,219
- - 11,24020,383 - 84,449 - - 116,072
188,802 2,80612,89522,098273,53493,080200,014 02,299,303
(185,202)69,93518,14423,878(174,467)234,756(197,914)0(1,019,225)
- - - - - - 205,000(205,000)444,322
- - - - - (205,000) - 205,000 -
0 0 0 0 0(205,000)205,000 0444,322
(185,202)69,93518,14423,878(174,467)29,7567,086 0(574,903)
912,15713,14345,22444,374916,477177,885245,358 - 4,096,234
$726,955$83,078$63,368$68,252$742,010$207,641$252,444 $0$3,521,331
EDA Component Unit
119
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120
NONMAJOR
CAPITAL PROJECT FUNDS
The City of Columbia Heights had the following Nonmajor Capital Project Funds during the
year:
Economic Development Authority – a separate legal entity from the City. The mayor and City
Council comprise the majority membership of this component unit. Its purpose is to foster
economic development in the City.
Housing Maintenance Fund 408 – established to account for activities to maintain the quality
and quantity of housing in the City.
Capital Improvement Parks Fund 412 – used to account for improvements in City parks. This
includes park dedication fees when available, the use of which is limited by state statute to park
improvements.
Infrastructure Replacement Fund 430 – used to fund replacement of City infrastructure.
Capital Equipment Fire Fund 439 – used to fund replacement of fire department capital assets.
This fund is limited by state statute to fire department expenditures. The original source of the
assets in this fund was excess funding in a fire pension plan.
Capital Equipment Cable TV Fund 440 – used to fund replacement of cable television capital
assets.
Capital Building Library Fund 450 – used to fund replacement of the library building.
121
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122
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUBCOMBINING BALANCE SHEET Statement 33
NONMAJOR CAPITAL PROJECT FUNDS
December 31, 2012
EDA
(Component
Unit) Housing
Maintenance
Fund 408
Capital
Improvement
Parks Fund 412
Infrastructure
Replacement
Fund 430
Capital
Equipment
Fire Fund
439
Capital
Equipment
Cable TV
Fund 440
Capital
Building
Library Fund
450
Total
Nonmajor
Capital
Project Funds
Assets
Cash and investments$ - $40,515$963,678$77,776$68,700$255,504$1,406,173
Due from other governments - 4,964 - - - - 4,964
Receivables:
Interest - - 2,900300200 - 3,400
Real estate held for resale375,091 - - - - - 375,091
Total assets$375,091$45,479$966,578$78,076$68,900$255,504$1,789,628
Liabilities and Fund Balance
Liabilities:
Accounts payable$ - $ - $940$456$ - $ - $1,396
Contracts payable - retained percentage - 10,727 - - - - 10,727
Total liabilities010,7279404560012,123
Fund balance:
Nonspendable 375,091 - - - - - 375,091
Restricted - - - - - - -
Committed - 34,752965,63877,62068,900255,5041,402,414
Total fund balance375,09134,752965,63877,62068,900255,5041,777,505
Total liabilities and fund balance$375,091$45,479$966,578$78,076$68,900$255,504$1,789,628
123
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUBCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND Statement 34
CHANGES IN FUND BALANCE
NONMAJOR CAPITAL PROJECT FUNDS
For The Year Ended December 31, 2012
EDA
(Component
Unit) Housing
Maintenance
Fund 408
Capital
Improvement
Parks Fund
412
Infrastructure
Replacement
Fund 430
Capital
Equipment
Fire Fund
439
Capital
Equipment
Cable TV
Fund 440
Capital
Building
Library
Fund 450
Total
Nonmajor
Capital
Project Funds
Revenues:
Intergovernmental$ - $5,064$ - $ - $ - $ - $5,064
Investment income:
Interest and dividends - - 12,0001,400800 - 14,200
Change in fair value - - 800100100 - 1,000
Contributions - - - - - - -
Total revenues05,06412,8001,500900020,264
Expenditures:
Current:
Other services and charges - 1,50543,17011,875 - - 56,550
Capital outlay18,38230,193 - 87,951 - - 136,526
Total expenditures18,38231,69843,17099,82600193,076
Revenue over (under) expenditures(18,382)(26,634)(30,370)(98,326)9000(172,812)
Other financing sources (uses):
Transfers in - 58,84150,000 - - - 108,841
Total other financing sources (uses)058,84150,000000108,841
Net change in fund balance(18,382)32,20719,630(98,326)9000(63,971)
Fund balance - January 1393,4732,545946,008175,94668,000255,5041,841,476
Fund balance - December 31$375,091$34,752$965,638$77,620$68,900$255,504$1,777,505
124
ENTERPRISE FUNDS
The authority for these types of funds is derived from Section 69(b) of the City Charter which
allows for Utility or other Public Service Enterprise Funds.
The Enterprise Funds are members of the Proprietary Fund Type category, and, as such, are
accounted for on the accrual basis of accounting. Revenues in the Enterprise Funds are
recognized when they are earned and expenses are recognized when they are incurred.
The Enterprise Funds are used to account for operations that are financed and/or operated in a
manner similar to private business enterprises or where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net income is appropriate
for capital maintenance, public policy, management control, accountability, or other purposes.
Water Utility Fund – used to account for revenues and expenses associated with services to area
residents.
Sewer Utility Fund – used to account for revenues and expenses associated with sewer disposal
within the City.
Refuse Utility Fund – used to account for revenues and expenses associated with organized
collection of refuse and recycling in the City.
Storm Sewer Utility Fund – used to account for revenues and expenses associated with storm
water disposal.
Liquor Fund – used to account for revenues and expenses associated with the operation of three
off-sale municipal liquor stores.
125
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND Statement 35
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals for December 31, 2011
Operating
Account
Capital
Equipment
Replacement
Account
Capital
Construction
Account
Debt Service
Account
Intrafund
Eliminations
Assets:20122011
Current assets:
Cash and cash equivalents $7,949$337,806$3,764$192,662$ - $542,181$559,410
Receivables:
Accounts (net of allowance for
uncollectables)571,623 - - - - 571,623543,527
Interest 2,8001,500 - 300 - 4,6003,500
Interfund receivable 279,716251,162130,097 - (598,613)62,36212,041
Inventory - at cost 4,185 - - - - 4,1851,712
Total current assets 866,273590,468133,861192,962(598,613)1,184,9511,120,190
Noncurrent assets:
Capital assets:
Land 45,223 - - - - 45,22345,223
Buildings 559,826 - - - - 559,826559,826
Equipment 462,515 - - - - 462,515462,515
Infrastructure 8,346,965 - - - - 8,346,9657,524,209
Construction in process - - 7,006 - - 7,006479,626
Total capital assets 9,414,529 07,006 0 09,421,5359,071,399
Less: accumulated depreciation (4,263,186) - - - - (4,263,186)(4,044,729)
Total capital assets (net of
accumulated depreciation)5,151,343 07,006 0 05,158,3495,026,670
Total noncurrent assets 5,151,343 07,006 0 05,158,3495,026,670
Total assets 6,017,616590,468140,867192,962(598,613)6,343,3006,146,860
Liabilities :
Current liabilities:
Accounts payable 6,224 - - - - 6,22418,271
Accrued salaries and withholdings payable9,205 - 17 - - 9,2225,877
Due to other governmental units 79,401 - 204,085 - - 283,486302,698
Interfund payable 130,097 - 545,013323,000(598,613)399,497398,000
Accrued interest payable - - - 14,588 - 14,58816,795
Deposits 3,000 - - - - 3,000 -
Compensated absences payable - current 1,533 - - - - 1,5333,330
Bonds payable - current - - - 161,862 - 161,862152,880
Total current liabilities 229,460 0749,115499,450(598,613)879,412897,851
Noncurrent liabilities:
Compensated absences payable - noncurrent24,022 - - - - 24,02225,222
Bonds payable - noncurrent - - - 789,628 - 789,628951,490
Total noncurrent liabilities 24,022 0 0789,628 0813,650976,712
Total liabilities 253,482 0749,1151,289,078(598,613)1,693,0621,874,563
Net position:
Net investments in capital assets 5,151,343 - 7,006(1,274,490) - 3,883,8593,524,300
Restricted for debt service - - - 178,374 - 178,374184,716
Unrestricted 612,791590,468(615,254) - - 588,005563,281
Total net position $5,764,134 $590,468 ($608,248)($1,096,116)$0 $4,650,238 $4,272,297
Totals
126
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND Statement 36
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES
IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Operating
Account
Capital
Equipment
Replacement
Account
Capital
Construction
Account
Debt Service
Account
Intrafund
Eliminations
Operating revenues:20122011
Charges for services:
Customer services$114,635$ - $ - $ - $ - $114,635$101,111
Penalties68,095 - - - - 68,09555,819
Charges for sales:
Water 2,508,525 - - - - 2,508,5252,290,210
Meter8,11758,50013,891 - - 80,50882,853
Total operating revenues2,699,37258,50013,891002,771,7632,529,993
Operating expenses:
Cost of sales1,232,031 - - - - 1,232,0311,192,653
Distribution634,060 - 128,369 - - 762,429852,475
Administration21,489 - - - - 21,48918,426
Depreciation218,456 - - - - 218,456204,716
Total operating expenses2,106,036 0 128,369 0 0 2,234,405 2,268,270
Net income (loss) from operations593,336 58,500 (114,478)0 0 537,358 261,723
Nonoperating revenues (expenses):
Investment income12,4006,800 - 1,200 - 20,40034,000
Miscellaneous revenues5,620 - - - - 5,620505
Interest and fiscal charges - - - (52,093) - (52,093)(58,425)
Total nonoperating revenues (expenses)18,020 6,800 0 (50,893)0 (26,073)(23,920)
Net income (loss) before transfers611,356 65,300 (114,478)(50,893)0 511,285 237,803
Transfers in - 25,00066,909291,000(382,909) - 2,943
Transfers out(516,253) - - - 382,909(133,344)(135,963)
Total transfers(516,253)25,000 66,909 291,000 0 (133,344)(133,020)
Change in net position95,103 90,300 (47,569)240,107 0 377,941 104,783
Total net position - January 15,669,031500,168(560,679)(1,336,223) - 4,272,297 4,167,514
Total net position - December 31$5,764,134$590,468($608,248)($1,096,116)$0$4,650,238$4,272,297
Totals
127
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND Statement 37
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from customers$2,749,287$2,519,587
Cash paid to suppliers for goods and services(1,706,743)(1,475,703)
Cash payments to employees for services(339,588)(366,427)
Net cash flows from operating activities702,956677,457
Cash flows from noncapital financing activities:
Transfers in - 474,600
Transfers out (133,344)(607,620)
Interfund receivable repaid by (advanced to) other funds8,179(817,339)
Interfund payable (repaid to) advanced by other funds(57,003)1,222,245
Net cash flows from noncapital financing activities(182,168)271,886
Cash flows from capital and related financing activities:
Acquisition of capital assets(350,137)(427,862)
Principal payments - bonds(152,880)(666,203)
Interest and fiscal charges(54,300)(68,680)
Net cash flows from capital and related financing activities(557,317)(1,162,745)
Cash flows from investing activities:
Investment income:
Interest and dividends18,00022,200
Change in fair value1,30012,100
Net cash flows from investing activities19,30034,300
Net increase (decrease) in cash and cash equivalents(17,229)(179,102)
Cash and cash equivalents - January 1559,410738,512
Cash and cash equivalents - December 31$542,181$559,410
Reconciliation of operating income to net cash flows from operating activities:
Operating income $537,358$261,723
Adjustments to reconcile operating income to net
cash flows from operating activities:
Depreciation expense218,456204,716
Miscellaneous revenues5,620505
Changes in assets and liabilities:
(Increase) decrease in accounts receivable(28,096)(10,911)
(Increase) decrease in inventory, at cost(2,473)431
Increase (decrease) in accounts payable(12,045)10,412
Increase (decrease) in accrued salaries and withholdings payable3,345(3,857)
Increase (decrease) in due to other governmental units(19,212)4,684
Adjustment for nonoperating portion - 205,722
Increase (decrease) in deposits payable3,000 -
Increase (decrease) in compensated absences payable(2,997)4,032
Total adjustments165,598415,734
Net cash flows from operating activities$702,956$677,457
128
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND Statement 38
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals for December 31, 2011
Operating
Account
Capital
Equipment
Replacement
Account
Capital
Construction
Account
Assets:20122011
Current assets:
Cash and cash equivalents$158,049$478,888$710,067$1,347,004$1,759,137
Receivables:
Accounts (net of allowance for
uncollectibles)419,781 - - 419,781370,478
Interest 2,0001,4001,0004,4005,500
Interfund receivables22,858 - - 22,85875,229
Prepayments76,968 - - 76,96874,917
Total current assets679,656480,288711,0671,871,0112,285,261
Noncurrent assets:
Capital assets:
Land 36,586 - - 36,58636,586
Buildings100,426 - - 100,426100,426
Equipment840,942 - - 840,942840,942
Construction in progress - - 252,924252,924550,773
Infrastructure6,154,219 - - 6,154,2195,482,680
Total capital assets7,132,1730252,9247,385,0977,011,407
Less: accumulated depreciation(4,277,960) - - (4,277,960)(4,146,206)
Net capital assets 2,854,213 0252,9243,107,1372,865,201
Total noncurrent assets 2,854,213 0 252,924 3,107,137 2,865,201
Total assets 3,533,869480,288963,9914,978,1485,150,462
Liabilities:
Current liabilities:
Accounts payable 815 - 14,79915,614228,179
Accrued salaries and withholdings payable 4,733 - - 4,7336,965
Contracts payable - retained percentage 31,100 - 11,81542,91542,760
Compensated absences payable - current 2,240 - - 2,2403,731
Total current liabilities 38,888 026,61465,502281,635
Noncurrent liabilities:
Compensated absences payable - noncurrent35,087 - - 35,08728,260
Total noncurrent liabilities35,0870035,08728,260
Total liabilities73,975026,614100,589309,895
Net position:
Net investments in capital assets 2,854,213 - 252,9243,107,1372,865,201
Unrestricted 605,681480,288684,4531,770,4221,975,366
Total net position $3,459,894$480,288$937,377$4,877,559$4,840,567
Totals
129
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND Statement 39
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES
IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Operating
Account
Capital
Equipment
Replacement
Account
Capital
Construction
Account
Interfund
Eliminations
Operating revenues:20122011
Charges for services:
Sewer service charges$1,579,864$ - $ - $ - $1,579,864$1,521,142
Operating expenses:
Disposal899,008 - - - 899,008901,096
Collection350,512 - 28,950 - 379,462571,540
Administration21,378 - - - 21,37819,335
Depreciation131,755 - - - 131,755170,740
Total operating expenses1,402,653028,95001,431,6031,662,711
Net income (loss) from operations177,2110(28,950)0148,261(141,569)
Nonoperating revenues:
Investment income9,0006,2005,221 - 20,42157,332
Miscellaneous revenues1,652 - - - 1,6522,710
Total nonoperating
revenues10,652 6,200 5,221 0 22,073 60,042
Net income (loss) before transfers187,863 6,200 (23,729)0 170,334 (81,527)
Transfers in - 25,00028,960(53,960) - -
Transfers out(187,302) - - 53,960(133,342)(138,905)
Total transfers(187,302)25,000 28,960 0 (133,342)(138,905)
Change in net position561 31,200 5,231 0 36,992 (220,432)
Net position - January 13,459,333449,088932,146 - 4,840,5675,060,999
Net position - December 31$3,459,894$480,288$937,377$0$4,877,559$4,840,567
Totals
130
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND Statement 40
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from customers$1,532,212 $1,499,250
Cash paid to suppliers for goods and services(1,285,953)(1,026,583)
Cash payments to employees for services(225,252)(221,327)
Net cash flows from operating activities21,007251,340
Cash flows from noncapital financing activities:
Transfers in - 131,172
Transfers out (133,342)(270,077)
Interfund receivable repaid by other funds52,37136,060
Net cash flows from noncapital financing activities(80,971)(102,845)
Cash flows from capital and related financing activities:
Acquisition of capital assets(373,690)(448,083)
Cash flows from investing activities:
Investment income:
Interest and dividends20,22141,432
Change in fair value 1,30018,900
Net cash flows from investing activities21,521 60,332
Net increase (decrease) in cash and cash equivalents(412,133)(239,256)
Cash and cash equivalents - January 11,759,137 1,998,393
Cash and cash equivalents - December 31$1,347,004 $1,759,137
Reconciliation of operating income (loss) to net cash flows from operating activities:
Operating income (loss)$148,261 ($141,569)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Depreciation expense131,755170,740
Miscellaneous revenues1,6522,710
Changes in assets and liabilities:
(Increase) decrease in accounts receivable(49,304)(24,602)
(Increase) decrease in prepayments(2,051)174
Increase (decrease) in accounts payable(212,565)223,791
Increase (decrease) in accrued salaries and withholdings payable(2,232)3,119
Increase (decrease) in contracts payable -retained percentage15511,660
Increase (decrease) compensated absences payable5,3365,317
Total adjustments(127,254)392,909
Net cash flows from operating activities$21,007$251,340
131
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 41
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals for December 31, 2011
20122011
Assets:
Current assets:
Cash and cash equivalents $792,091 $789,747
Receivables:
Accounts (net of allowance for uncollectibles)466,365 432,529
Interest 2,300 2,200
Due from other governmental units 5,034 -
Total current assets 1,265,790 1,224,476
Noncurrent assets:
Capital assets:
Buildings 56,000 6,000
Equipment 112,893 108,690
Total capital assets 168,893 114,690
Less: accumulated depreciation (114,975)(113,490)
Total capital assets (net of accumulated depreciation)53,918 1,200
Total noncurrent assets 53,918 1,200
Total assets 1,319,708 1,225,676
Liabilities:
Current liabilities:
Accounts payable 112,898 227,885
Accrued salaries and withholdings payable 1,467 3,007
Compensated absences payable - current 301 588
Total current liabilities 114,666 231,480
Noncurrent liabilities:
Compensated absences payable - noncurrent 4,720 4,451
Total liabilities 119,386 235,931
Net position:
Net investments in capital assets 53,918 1,200
Unrestricted 1,146,404 988,545
Total net position $1,200,322 $989,745
132
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 42
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES
IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Operating revenues:
Refuse service charges1,761,860$1,682,178
Operating expenses:
Collection and disposal1,415,8851,381,227
Administration 53,31959,251
Recycling 84,85561,127
Hazardous waste 3,2492,626
Depreciation 1,485300
Total operating expenses1,558,793 1,504,531
Net income from operations203,067 177,647
Nonoperating revenues:
Investment income10,50021,000
Intergovernmental112,47166,163
Total nonoperating revenues122,971 87,163
Net income before transfers326,038 264,810
Transfers out (115,461)(117,859)
Change in net position210,577 146,951
Total net position - January 1989,745842,794
Total net position - December 31$1,200,322$989,745
133
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 43
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from customers$1,728,024$1,629,104
Cash paid to suppliers for goods and services(1,597,081)(1,305,582)
Cash payments to employees for services(76,772)(75,568)
Net cash flows from operating activities54,171 247,954
Cash flows from noncapital financing activities:
Transfers out (115,461)(117,859)
Intergovernmental 112,47166,163
Interfund receivable repaid by (advanced to) other funds(5,034) -
Net cash flows from noncapital financing activities(8,024)(51,696)
Cash flows from capital and related financing activities:
Acquisition of capital assets(54,203) -
Cash flows from investing activities:
Investment income:
Interest and dividends9,70013,800
Change in fair value 7007,500
Net cash flows from investing activities10,400 21,300
Net increase in cash and cash equivalents2,344 217,558
Cash and cash equivalents - January 1789,747572,189
Cash and cash equivalents - December 31$792,091 $789,747
Reconciliation of operating income to net cash flows from operating activities:
Operating income $203,067$177,647
Adjustments to reconcile operating income to net
cash flows from operating activities:
Depreciation expense1,485300
Changes in assets and liabilities:
(Increase) decrease in accounts receivable(33,836)(53,074)
Increase (decrease) in accounts payable(114,987)121,464
Increase (decrease) in accrued salaries and withholdings payable(1,540)1,858
Increase (decrease) compensated absences payable(18)(241)
Total adjustments(148,896)70,307
Net cash flows from operating activities$54,171$247,954
134
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER UTILITY FUND Statement 44
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals for December 31, 2011
Operating
Account
Capital
Equipment
Replacement
Account
Capital
Construction
Account
Debt Service
Account
Intrafund
Eliminations
Assets:20122011
Current assets:
Cash and cash equivalents$756$ - $ - $37,220$ - $37,976$36,111
Receivables:
Accounts (net of allowance for
uncollectibles)92,357 - - - - 92,35785,589
Interest - - 401101 - 502500
Interfund receivable - - 193,075 - (193,075) - -
Total current assets93,1130193,47637,321(193,075)130,835122,200
Noncurrent assets:
Capital assets:
Land260,690 - - - - 260,690254,724
Equipment190,653 - - - - 190,653190,653
Infrastructure1,518,512 - - - - 1,518,5121,477,536
Construction in process - - - - - - 39,348
Total capital assets1,969,85500001,969,8551,962,261
Less: accumulated depreciation(716,540) - - - - (716,540)(632,546)
Net capital assets1,253,31500001,253,3151,329,715
Total noncurrent assets1,253,31500001,253,3151,329,715
Total assets1,346,4280193,47637,321(193,075)1,384,1501,451,915
Liabilities:
Current liabilities:
Accounts payable40 - - - - 403,380
Accrued salaries and withholdings payable1,934 - - - - 1,9342,251
Interfund payable103,02994,908 - 82,000(193,075)86,862146,630
Accrued interest payable - - - 2,838 - 2,8383,307
Compensated absences payable - current 84 - - - - 84 91
Bonds payable - current - - - 30,638 - 30,63828,120
Total current liabilities 105,08794,908 0115,476(193,075)122,396183,779
Noncurrent liabilities:
Compensated absences payable - noncurrent 1,317 - - - - 1,317693
Bonds payable - noncurrent - - - 141,142 - 141,142171,780
Total noncurrent liabilities1,31700141,1420142,459172,473
Total liabilities106,40494,9080256,618(193,075)264,855356,252
Net position:
Net investment in capital assets1,253,315 - - (171,780) - 1,081,5351,028,815
Restricted for debt service - - - - - 33,979
Unrestricted (13,291)(94,908)193,476(47,517) - 37,76032,869
Total net position $1,240,024($94,908)$193,476($219,297)$0$1,119,295$1,095,663
Totals
135
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER UTILITY FUND Statement 45
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES
IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Operating
Account
Capital
Equipment
Replacement
Account
Capital
Construction
Account
Debt Service
Account
Intrafund
Eliminations
20122011
Operating revenues:
Storm sewer service charges$349,457$ - $ - $ - $ - $349,457$349,964
Operating expenses:
Collection218,772 - 16,699 - - 235,471205,003
Administration1,646 - - - - 1,6461,601
Depreciation83,993 - - - - 83,99381,450
Total operating expenses304,411016,69900321,110288,054
Net income (loss) from operations45,0460(16,699)0028,34761,910
Nonoperating revenues (expenses):
Investment income - - 2,000200 - 2,2004,700
Miscellaneous revenues3,886 - - - - 3,886654
Interest and fiscal charges - - - (10,801) - (10,801)(12,245)
Total nonoperating
revenues (expenses)3,886 0 2,000 (10,601)0 (4,715)(6,891)
Net income (loss) before transfers48,932 0 (14,699)(10,601)0 23,632 55,019
Transfers in - 5,00016,69963,000(84,699) - 8,750
Transfers out(84,699) - - - 84,699 - -
Total transfers and contributions(84,699)5,000 16,699 63,000 0 0 8,750
Change in net position(35,767)5,000 2,000 52,399 0 23,632 63,769
Net position - January 11,275,791(99,908)191,476(271,696) - 1,095,6631,031,894
Net position - December 31$1,240,024($94,908)$193,476($219,297)$0$1,119,295$1,095,663
Totals
136
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER UTILITY FUND Statement 46
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from customers$346,576 $343,664
Cash paid to suppliers for goods and services(116,644)(87,642)
Cash payments to employees for services(123,513)(119,070)
Net cash flows from operating activities106,419136,952
Cash flows from noncapital financing activities:
Interfund receivable repaid by (advanced to) other funds - (148,028)
Interfund payable (repaid to) advanced by other funds(59,768)294,658
Net cash flows from noncapital financing activities:(59,768)146,630
Cash flows from capital and related financing activities:
Acquisition of capital assets(7,594)(86,184)
Principal payments - bonds(28,120)(157,775)
Interest and fiscal charges(11,270)(14,669)
Net cash flows from capital and related financing activities(46,984)(258,628)
Cash flows from investing activities:
Investment income:
Interest and dividends2,0983,400
Change in fair value 1001,700
Net cash flows from investing activities2,198 5,100
Net increase in cash and cash equivalents1,865 30,054
Cash and cash equivalents - January 136,1116,057
Cash and cash equivalents - December 31$37,976 $36,111
Reconciliation of operating income to net cash flows from operating activities:
Operating income $28,347 $61,910
Adjustments to reconcile operating income to net
cash flows from operating activities:
Depreciation expense83,99381,450
Miscellaneous revenue3,886654
Changes in assets and liabilities:
(Increase) decrease in accounts receivable(6,767)(6,954)
Increase (decrease) in accounts payable(3,340)148
Increase (decrease) in accrued salaries and withholdings payable(317)255
Increase (decrease) compensated absences payable617(511)
Total adjustments78,072 75,042
Net cash flows from operating activities$106,419$136,952
Noncash capital and related financing activities:
Contribution of capital asset from government$ - $8,750
137
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138
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 47
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals for December 31, 2011
OperatingDebt ServiceIntrafund Totals
AccountAccountEliminations20122011
Assets:
Current assets:
Cash and cash equivalents $335,149$272,549$ - $607,698$277,781
Cash and cash equivalents with fiscal agent - 399,254 - 399,254399,254
Receivables:
Accounts (net of allowance for uncollectables 161 - - 161 269
Interest - 200 - 200 200
Due from other governmental units 475 - - 4751,228
Prepayments - 72,560 - 72,56097,431
Inventory - at cost 2,542,372 - - 2,542,3722,356,582
Total current assets 2,878,157744,563 - 3,622,7203,132,745
Noncurrent assets:
Capital assets:
Land 2,006,714 - - 2,006,7142,006,714
Buildings 3,915,062 - - 3,915,0623,915,062
Equipment 413,202 - - 413,202386,314
Total capital assets 6,334,978 0 06,334,9786,308,090
Less: accumulated depreciation (823,602) - - (823,602)(673,314)
Net capital assets 5,511,376 0 05,511,3765,634,776
Total noncurrent assets 5,511,376 0 05,511,3765,634,776
Total assets 8,389,533744,563 09,134,0968,767,521
Liabilities:
Current liabilities:
Accounts payable 400,342 - - 400,342238,904
Accrued salaries and withholdings payable 23,364 - - 23,36420,127
Due to other governmental units 93,033 - - 93,03395,098
Accrued interest payable - 100,563 - 100,563103,747
Compensated absences payable - current 5,222 - - 5,2229,698
Bonds payable - current - 165,000 - 165,000155,000
Total current liabilities 521,961265,563 - 787,524622,574
Noncurrent liabilities:
Compensated absences payable - noncurrent81,816 - - 81,81673,463
Bonds payable - noncurrent - 4,430,000 - 4,430,0004,595,000
Total noncurrent liabilities 81,8164,430,000 04,511,8164,668,463
Total liabilities 603,7774,695,563 05,299,3405,291,037
Net position:
Net investments in capital assets 5,511,376(4,595,000) - 916,3761,363,961
Restricted for debt service - 644,000 - 644,000162,769
Unrestricted 2,274,380 - - 2,274,3801,949,754
Total net position $7,785,756($3,951,000)$0$3,834,756$3,476,484
139
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Operating Accounts
TopHeights
Top ValuValu IILiquor
Operating revenues:
Charges for sales:
Liquor$1,512,508$1,278,804$491,373
Beer1,569,2391,547,657563,869
Wine629,048637,03170,524
Other176,817186,985140,378
Total operating revenues3,887,612 3,650,477 1,266,144
Operating expenses:
Cost of goods sold2,913,6632,739,4641,001,530
Operating expense615,600514,332185,464
Depreciation83,58762,2644,436
Total operating expenses3,612,850 3,316,060 1,191,430
Net income from operations$274,762$334,417$74,714
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Interest and fiscal charges
Total nonoperating revenues (expenses)
Net income (loss) before transfers
Transfers in
Transfers out
Total transfers
Change in net position
Net position - January 1
Net position - December 31
140
Statement 48
TotalDebt
OperatingServiceIntrafundTotals
AccountsAccountEliminations20122011
$3,282,685$ - $ - $3,282,685$3,187,590
3,680,765 - - 3,680,7653,562,603
1,336,603 - - 1,336,6031,244,315
504,180 - - 504,180500,454
8,804,233 0 0 8,804,233 8,494,962
6,654,657 - - 6,654,6576,413,886
1,315,396 - - 1,315,3961,310,983
150,287 - - 150,287148,673
8,120,340 0 0 8,120,340 7,873,542
683,8930 0 683,893 621,420
- 1,000 - 1,0001,500
- (229,954) - (229,954)(237,147)
0 (228,954)0 (228,954)(235,647)
683,893(228,954)0 454,939 385,773
- 386,000(386,000) - -
(482,667) - 386,000(96,667)(98,955)
(482,667)386,0000(96,667)(98,955)
201,226157,0460358,272286,818
7,584,530(4,108,046) - 3,476,4843,189,666
$7,785,756($3,951,000)$0$3,834,756$3,476,484
141
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 49
SUBCOMBINING SCHEDULE OF CASH FLOWS Page 1 of 2
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from customers$8,805,094$8,495,572
Cash paid to suppliers for goods and services(7,028,496)(6,684,150)
Cash payments to employees for services(960,860)(929,242)
Net cash flows from operating activities815,738882,180
Cash flows from noncapital financing activities
Transfers in - 390,000
Transfers out (96,667)(488,955)
Interfund payable (repaid to) advanced by other funds - (102,815)
Net cash flows from noncapital financing activities(96,667)(201,770)
Cash flows from capital and related financing activities:
Acquisition of capital assets(26,887)(11,099)
Principal payments - bonds(155,000)(150,000)
Interest and fiscal charges - including capitalized interest(208,267)(250,130)
Net cash flows from capital and related financing activities(390,154)(411,229)
Cash flows from investing activities:
Investment income:
Interest and dividends 9001,100
Change in fair value 100500
Net cash flows from investing activities1,000 1,600
Net increase in cash and cash equivalents329,917 270,781
Total cash and cash equivalents - January 1677,035406,254
Total cash and cash equivalents - December 311,006,952 677,035
(Less) cash and cash equivalents with fiscal agent - December 31(399,254)(399,254)
Cash and cash equivalents - December 31$607,698$277,781
142
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 49
SUBCOMBINING SCHEDULE OF CASH FLOWS Page 2 of 2
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Reconciliation of operating income to net cash flows from operating activities:
Operating income $683,893$621,420
Adjustments to reconcile operating income to net
cash flows from operating activities:
Depreciation expense150,287148,673
Changes in assets and liabilities:
(Increase) decrease in accounts receivable108147
(Increase) decrease in due from other governmental units753463
(Increase) decrease in prepayments24,871(9,902)
AAdjustment for nonoperating portion (24,871)9,902
(Increase) decrease in inventory, at cost (185,790)(35,966)
Increase (decrease) in accounts payable
AAdjustment for nonoperating portion 161,438 121,198
Increase (decrease) in accrued salaries and withholdings payable
Adjustment for nonoperating portion 3,237 1,637
Increase (decrease) in due to other governmental units (2,065)7,490
Increase (decrease) in compensated absences payable 3,877 17,118
Total adjustments 131,845 260,760
Net cash flows from operating activities $815,738 $882,180
Noncash capital and related financing activities:
Capital assets purchased/constructed on account $ - $2,290
143
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144
INTERNAL SERVICE FUNDS
Internal Service Funds are used to account for the financing on a cost reimbursement basis of
goods or services provided by one department or agency to other departments or agencies within
the City.
Central Garage Fund – used to account for the costs of operating a maintenance facility for
automotive equipment used by other City departments. Such costs are billed to other
departments at actual cost plus a fixed overhead factor. The automotive equipment itself is
acquired by the various user departments, which are responsible for financing replacement
vehicles as necessary.
Information Systems Fund – used to account for the costs associated with information systems
within the City. All costs are recorded in the fund and are financed by transfers from user
departments.
Insurance Fund – used to account for certain costs of the City’s risk management services and to
build a reserve for catastrophic losses. All costs for premiums, claims and claims administration
are recorded in the fund and allocated to user funds based on a percentage risk factor.
Compensated Absences Fund – used to account for funds that have been set aside by the City
Council for compensated absences earned by employees’ services to the City’s governmental
funds. Funds set aside for the compensated absences earned by employees’ services to the City’s
proprietary funds are recorded directly in each particular proprietary fund.
145
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS Statement 50
COMBINING STATEMENT OF NET POSITION
December 31, 2012
Central
Garage
Information
SystemsInsurance
Compensated
Absences
Total Internal
Service Funds
Assets:
Current assets:
Cash and cash equivalents $588,846$678,823$1,038,439$912,138$3,218,246
Interest receivable 1,7002,0002,900 - 6,600
Prepayments - - 48,082 - 48,082
Accounts receivable - - 2,819 - 2,819
Inventory - at cost 68,678 - - - 68,678
Total current assets 659,224680,8231,092,240912,1383,344,425
Noncurrent assets:
Capital assets:
Land 15,779 - - - 15,779
Buildings 1,812,838 - - - 1,812,838
Equipment 208,137195,300 - - 403,437
Construction in progress 68,770 - - - 68,770
Total capital assets 2,105,524195,300 0 02,300,824
Less: accumulated depreciation (797,721)(152,671) - - (950,392)
Net capital assets 1,307,80342,629 0 01,350,432
Total noncurrent assets 1,307,80342,629 0 01,350,432
Total assets 1,967,027 723,452 1,092,240 912,138 4,694,857
Liabilities:
Current liabilities:
Accounts payable 45,2351,830 - - 47,065
Contracts payable - - - - -
Accrued salaries and withholdings payable 4,3595,289 - - 9,648
Deferred revenue 7,450 - - - 7,450
Compensated absences payable - current 2,243 946 - 54,81358,002
Total current liabilities 59,287 8,065 0 54,813 122,165
Noncurrent liabilities:
Compensated absences payable - noncurrent35,14314,819 - 858,738908,700
Total liabilities 94,430 22,884 0 913,551 1,030,865
Net position:
Net investments in capital assets 1,307,80342,629 - - 1,350,432
Unrestricted 564,794657,9391,092,240(1,413)2,313,560
Total net position $1,872,597$700,568$1,092,240($1,413)$3,663,992
146
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS Statement 51
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
For The Year Ended December 31, 2012
Central
Garage
Information
SystemsInsurance
Compensated
Absences
Interfund
Eliminations
Total Internal
Service Funds
Operating revenues:
Charges for services:
Services to departments$179,376$ - $508,546$ - $ - $687,922
Use of space300,478 - - - - 300,478
Recovery of damages - - 19,255 - - 19,255
Charges for sales:
Sales of motor fuel156,113 - - - - 156,113
Total operating revenues635,967 0 527,801 0 0 1,163,768
Operating expenses:
Cost of services and space505,056262,230374,819 - - 1,142,105
Depreciation62,65618,629 - - - 81,285
Total operating expenses567,712 280,859 374,819 0 0 1,223,390
Net income (loss) from operations68,255(280,859)152,98200(59,622)
Nonoperating revenues (expenses):
Investment income7,4008,80012,800 - - 29,000
Miscellaneous expense - - (21,019) - - (21,019)
Total nonoperating revenues
(expenses)7,400 8,800 (8,219)0 0 7,981
Net income (loss) before transfers75,655 (272,059)144,763 0 0(51,641)
Transfers in4,000325,000 - - (35,000)294,000
Transfers out(39,000) - - - 35,000(4,000)
Total transfers and
capital contributions(35,000)325,000 0 0 0 290,000
Change in net position40,655 52,941 144,763 0 0238,359
Net position - January 11,831,942647,627947,477(1,413) - 3,425,633
Net position - December 31$1,872,597 $700,568 $1,092,240 ($1,413)$0 $3,663,992
147
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS Statement 52
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 2012
Central GarageInfo SysInsuranceComp Abs
Total Internal
Service Funds
Cash flows from operating activities:
Cash received from interfund goods and services provided$635,967$ - $508,546$438,786$1,583,299
Cash received for damages - - 19,255 - 19,255
Cash paid to suppliers for goods and services(388,293)(47,896)(399,133) - (835,322)
Cash payments to employees for services(214,609)(214,827) - (433,764)(863,200)
Net cash flows from operating activities33,065(262,723)128,6685,022(95,968)
Cash flows from noncapital financing activities:
Transfers in - 325,000 - - 325,000
Transfers out(35,000) - - - (35,000)
Net cash flows from
noncapital financing activities(35,000)325,000 0 0 290,000
Cash flows from capital and related financing activities:
Acquisition of capital assets(48,646)(12,596) - - (61,242)
Cash flows from investing activities:
Investment income:
Interest and dividends6,8008,40011,400 - 26,600
Change in fair value400200800 - 1,400
Net cash flows from investing activities7,2008,60012,200028,000
Net increase (decrease) in cash and cash equivalents(43,381)58,281 140,868 5,022 160,790
Cash and cash equivalents - January 1632,227620,542897,571907,1163,057,456
Cash and cash equivalents - December 31$588,846 $678,823 $1,038,439 $912,138 $3,218,246
Reconciliation of operating income (loss) to
net cash flows from operating activities:
Operating income (loss)$68,255($280,859)$152,982$ - ($59,622)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Depreciation expense62,65618,629 - - 81,285
Miscellaneous expense - - (21,019) - (21,019)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable196 - (22) - 174
(Increase) decrease in prepayments - - (1,273) - (1,273)
(Increase) decrease in inventory, at cost(10,105) - - - (10,105)
Increase (decrease) in accounts payable(90,082)(2,203)(2,000) - (94,285)
Increase (decrease) in accrued - - - - -
salaries and withholdings payable703(2,473) - - (1,770)
Increase (decrease) in compensated absences payable1,2254,183 - 5,02210,430
Increase (decrease) in deferred revenue217 - - - 217
Total adjustments(35,190)18,136 (24,314)5,022 (36,346)
Net cash flows from operating activities$33,065($262,723)$128,668$5,022($95,968)
148
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 53
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals For December 31, 2011
Capital
Equipment
OperatingReplacement Totals
AccountAccount2012 2011
Assets:
Current assets:
Cash and cash equivalents $552,810$36,036$588,846$632,227
Interest receivable 1,600 100 1,700 1,500
Accounts receivable - - - 196
Inventory - at cost 68,678 - 68,67858,573
Total current assets 623,08836,136659,224692,496
Noncurrent assets:
Capital assets:
Land 15,779 - 15,77915,779
Buildings 1,812,838 - 1,812,8381,780,253
Equipment 208,137 - 208,137198,911
Construction in progress 68,770 - 68,77061,935
Total capital assets 2,105,524 02,105,5242,056,878
Less: Accumulated depreciation (797,721) - (797,721)(735,065)
Net capital assets 1,307,803 01,307,8031,321,813
Total noncurrent assets 1,307,803 01,307,8031,321,813
Total assets 1,930,89136,1361,967,0272,014,309
Liabilities:
Current liabilities:
Accounts payable 45,235 - 45,235120,886
Contracts payable - - - 14,431
Accrued salaries and withholdings payable 4,359 - 4,359 3,656
Deferred revenue 7,450 - 7,450 7,233
Compensated absences payable - current 2,243 - 2,243 4,217
Total current liabilities 59,287 0 59,287 150,423
Noncurrent liabilities:
Compensated absences payable - noncurrent 35,143 - 35,14331,944
Total liabilities 94,430 0 94,430 182,367
Net position:
Net investments in capital assets 1,307,803 - 1,307,8031,321,813
Unrestricted 528,65836,136564,794510,129
Total net position $1,836,461$36,136$1,872,597$1,831,942
149
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 54
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Capital
Equipment
OperatingReplacementIntrafundTotals
AccountAccountEliminations20122011
Operating revenues:
Charges for services:
Services to departments$179,376$ - $ - $179,376$174,719
Use of space300,478 - - 300,478283,188
Charges for sales:
Sales of motor fuel156,113 - - 156,113174,493
Total operating revenues635,967 0 0 635,967632,400
Operating expenses:
Cost of services and space505,056 - - 505,056511,753
Depreciation62,656 - - 62,65651,607
Total operating expenses567,712 0 0 567,712563,360
Net income from operations68,2550 0 68,25569,040
Nonoperating revenues:
Investment income:
Interest and dividends6,600400 - 7,0009,100
Change in fair value400 - - 4005,100
Total nonoperating revenues7,00040007,40014,200
Net income before transfers75,255400075,655 83,240
Transfers in - 4,000 - 4,000188,272
Transfers out(39,000) - - (39,000)(36,500)
Total transfers(39,000)4,000 0 (35,000)151,772
Change in net position36,255 4,400 0 40,655 235,012
Total net position - January 11,800,20631,736 - 1,831,9421,596,930
Total net position - December 31$1,836,461 $36,136 $0 $1,872,597 $1,831,942
150
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 55
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from interfund goods & services provided$635,967$632,204
Cash paid to suppliers for goods and services(388,293)(211,688)
Cash payments to employees for services(214,609)(196,356)
Net cash flows from operating activities33,065 224,160
Cash flows from noncapital financing activities:
Transfers in - 192,272
Transfers out (35,000)(40,500)
Net cash flows from noncapital financing activities:(35,000)151,772
Cash flows from capital and related financing activities:
Acquisition of capital assets(48,646)(256,195)
Cash flows from investing activities:
Investment income:
Interest and dividends6,8009,200
Change in fair value 4005,100
Net cash flows from investing activities7,20014,300
Net increase (decrease) in cash and cash equivalents(43,381)134,037
Cash and cash equivalents - January 1632,227498,190
Cash and cash equivalents - December 31$588,846 $632,227
Reconciliation of operating income to net cash flows from operating activities:
Operating income $68,255$69,040
Adjustments to reconcile operating income to net
cash flows from operating activities:
Depreciation expense62,65651,607
Changes in assets and liabilities:
(Increase) decrease in accounts receivable196(196)
(Increase) decrease in inventory, at cost(10,105)(19,551)
Increase (decrease) in accounts and contracts payable(90,082)106,965
Increase (decrease) in accrued salaries and withholdings payable703(151)
Increase (decrease) in compensated absences payable1,2259,213
Increase (decrease) in deferred revenue2177,233
Total adjustments(35,190)155,120
Net cash flows from operating activities$33,065$224,160
151
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INFORMATION SYSTEMS FUND Statement 56
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals For December 31, 2011
Capital
Equipment
Operating Replacement Totals
AccountAccount 2012 2011
Assets:
Current assets:
Cash and cash equivalents $197,169$481,654$678,823$620,542
Interest receivable 600 1,400 2,000 1,800
Total current assets 197,769483,054680,823622,342
Noncurrent assets:
Capital assets:
Equipment 195,300 - 195,300182,705
Less: accumulated depreciation (152,671) - (152,671)(134,043)
Net capital assets 42,629 - 42,629 48,662
Total noncurrent assets 42,629 0 42,629 48,662
Total assets 240,398483,054723,452671,004
Liabilities:
Current liabilities:
Accounts payable 1,830 - 1,830 4,033
Accrued salaries and withholdings payable 5,289 - 5,289 7,762
Compensated absences payable - current 946 - 946 1,351
Total current liabilities 8,065 0 8,065 13,146
Noncurrent liabilities:
Compensated absences payable - noncurrent 14,819 - 14,819 10,231
Total liabilities 22,884 0 22,884 23,377
Net position:
Net investments in capital assets 42,629 - 42,629 48,662
Unrestricted 174,885483,054657,939598,965
Total net position $217,514 $483,054 $700,568 $647,627
152
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INFORMATION SYSTEMS FUND Statement 57
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
Capital
Equipment
OperatingReplacementIntrafund Totals
AccountAccountEliminations2012 2011
Operating revenues $ - $ - $ - $ - $ -
Operating expenses:
Cost of services 262,230 - - 262,230344,347
Depreciation 18,629 - - 18,62920,545
Total operating expenses 280,859 0 0280,859364,892
Net income (loss) from operations (280,859)0 0(280,859)(364,892)
Nonoperating revenues:
Investment income 2,500 6,300 - 8,80017,400
Net income (loss) before transfers (278,359)6,300 0 (272,059)(347,492)
Transfers in 325,000 - - 325,000320,000
Change in net position 46,641 6,300 0 52,941 (27,492)
Net position - January 1 170,873476,754 - 647,627675,119
Net position - December 31 $217,514 $483,054 $0 $700,568 $647,627
153
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INFORMATION SYSTEMS FUND Statement 58
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash paid to suppliers for goods and services($47,896)($100,894)
Cash payments to employees for services(214,827)(238,266)
Net cash flows from operating activities(262,723)(339,160)
Cash flows from noncapital financing activities:
Transfers in 325,000348,108
Transfers out - (28,108)
Net cash flows from noncapital financing activities:325,000320,000
Cash flows from capital and related financing activities:
Acquisition of capital assets(12,596)(28,108)
Cash flows from investing activities:
Investment income:
Interest and dividends8,40012,100
Change in fair value 2006,200
Net cash flows from investing activities8,60018,300
Net increase (decrease) in cash and cash equivalents58,281(28,968)
Cash and cash equivalents - January 1620,542649,510
Cash and cash equivalents - December 31$678,823$620,542
Reconciliation of operating income (loss) to net cash flows from operating activities:
Operating income (loss)($280,859)($364,892)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Depreciation expense18,62920,545
Changes in assets and liabilities:
Increase (decrease) in accounts payable(2,203)3,384
Increase (decrease) in accrued salaries and withholdings payable(2,473)3,557
Increase (decrease) in compensated absences payable4,183(1,754)
Total adjustments18,13625,732
Net cash flows from operating activities($262,723)($339,160)
154
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 59
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals For December 31, 2011
20122011
Assets:
Current assets:
Cash and cash equivalents $1,038,439 $897,571
Interest receivable 2,900 2,300
Accounts receivable 2,819 2,797
Prepayments 48,082 46,809
Total assets 1,092,240 949,477
Liabilities:
Current liabilities:
Accounts payable - 2,000
Total liabilities 0 2,000
Net position:
Unrestricted 1,092,240 947,477
Total net position $1,092,240 $947,477
155
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 60
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Operating revenues:
Insurance allocation$508,546$483,758
Recovery of damages19,25534,928
Total operating revenues527,801 518,686
Operating expenses:
Cost of services:
Premiums 366,495373,047
Claims 8,32417,848
Total operating expenses374,819 390,895
Net income from operations152,982127,791
Nonoperating revenues:
Investment income12,80022,500
Miscellaneous expense(21,019)(1,300)
Total nonoperating revenues(8,219)21,200
Net income before transfers144,763 148,991
Transfers out - (16,343)
Change in net position144,763 132,648
Net position - January 1947,477814,829
Net position - December 31$1,092,240 $947,477
156
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 61
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from interfund services provided$508,546$483,758
Cash received for damages19,25534,928
Cash paid to suppliers for goods and services(399,133)(388,831)
Net cash flows from operating activities128,668 129,855
Cash flows from noncapital financing activities:
Transfers out - (16,343)
Cash flows from investing activities:
Investment income:
Interest and dividends11,40014,500
Change in fair value 8008,000
Net cash flows from investing activities12,20022,500
Net increase in cash and cash equivalents140,868 136,012
Cash and cash equivalents - January 1897,571761,559
Cash and cash equivalents - December 31$1,038,439 $897,571
Reconciliation of operating income to net cash flows from operating activities:
Operating income $152,982$127,791
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous expense(21,019)(1,300)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable(22)(2,297)
(Increase) decrease in prepayments(1,273)3,661
Increase (decrease) in accounts payable(2,000)2,000
Total adjustments(24,314)2,064
Net cash flows from operating activities$128,668$129,855
157
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPENSATED ABSENCES FUND Statement 62
SUBCOMBINING SCHEDULE OF NET POSITION
December 31, 2012
With Comparative Totals For December 31, 2011
20122011
Assets:
Current assets:
Cash and cash equivalents $912,138 $907,116
Total assets 912,138 907,116
Liabilities:
Current liabilities:
Compensated absences payable - current 54,813 107,713
Noncurrent liabilities:
Compensated absences payable - noncurrent 858,738 800,816
Total liabilities 913,551 908,529
Net position:
Unrestricted (1,413)(1,413)
Total net position ($1,413)($1,413)
158
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPENSATED ABSENCES FUND Statement 63
SUBCOMBINING SCHEDULE OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Operating revenues$ - $ -
Operating expenses:
Personal services - 89,146
Net income (loss) from operations 0 (89,146)
Nonoperating revenues:
Investment income - -
Change in net position 0 (89,146)
Net position - January 1 (1,413)87,733
Net position - December 31 ($1,413)($1,413)
159
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPENSATED ABSENCES FUND Statement 64
SUBCOMBINING SCHEDULE OF CASH FLOWS
For The Year Ended December 31, 2012
With Comparative Totals For The Year Ended December 31, 2011
20122011
Cash flows from operating activities:
Cash received from interfund services provided $438,786 $526,979
Cash payments to employees for services (433,764)(547,371)
Net cash flows from operating activities 5,022 (20,392)
Net increase (decrease) in cash and cash equivalents 5,022 (20,392)
Cash and cash equivalents - January 1 907,116 927,508
Cash and cash equivalents - December 31 $912,138 $907,116
Reconciliation of operating income (loss) to net cash flows from operating activities:
Operating income (loss)$ - ($89,146)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Changes in assets and liabilities:
Increase (decrease) in compensated absences payable 5,022 68,754
Total adjustments 5,022 68,754
Net cash flows from operating activities $5,022 ($20,392)
160
AGENCY FUNDS
Agency Funds are used to account for assets held by a government in a trustee or agent capacity
for individuals, private organizations, other governments and the like.
The City of Columbia Heights had the following Agency Funds during the year:
Permit Surcharge Fund – used to account for building permit surcharges collected for and
remitted to the State of Minnesota, and sewer availability charges (SAC) collected for and
remitted to the Metropolitan Council.
Tri-City GIS Fund – used to account for joint purchases of geographic information services by
the Cities of Columbia Heights, Fridley and Andover.
161
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Statement 65
AGENCY FUNDS
For The Year Ended December 31, 2012
Balance Balance
January 1,December 31,
2012 AdditionsDeletions 2012
Permit Surcharge Fund
Assets:
Cash and investments$1,818$65,274($65,292)$1,800
Total assets$1,818$65,274($65,292)$1,800
Liabilities:
Due to other governmental units$1,818$65,274($65,292)$1,800
Total liabilities$1,818$65,274($65,292)$1,800
Tri-City GIS Fund
Assets:
Cash and investments$1,356$86,916($80,325)$7,947
Due from other governmental units6,74863,233(69,967)14
Total assets$8,104$86,916($80,325)$7,961
Liabilities:
Accounts payable$8,104$78,072($80,325)$5,851
Due to other governmental units - 72,077(69,967)2,110
Total liabilities$8,104$150,149($150,292)$7,961
Total
Assets:
Cash and investments$3,174$152,190($145,617)$9,747
Due from other governmental units6,74863,233(69,967)14
Total assets$9,922$215,423($215,584)$9,761
Liabilities:
Accounts payable$8,104$78,072($80,325)$5,851
Due to other governmental units1,818137,351(135,259)3,910
Total liabilities$9,922$215,423($215,584)$9,761
162
III. STATISTICAL SECTION (UNAUDITED)
163
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164
STATISTICAL SECTION
The following detailed statistical tables are presented to provide a context for understanding and
evaluating the information presented in the other parts of this report. Unless otherwise noted, the
information in these statistical tables is derived from the City of Columbia Heights’
Comprehensive Annual Financial Reports for the relevant years. Certain information in prior
years’ presentations have been reclassified and/or adjusted in these tables to conform to the
current year presentation. These tables address the five categories of information listed below.
Financial Trends - Tables 1 through 4
These tables contain trend information to help the reader understand how the City’s financial
performance has changed over time.
Revenue Capacity - Tables 5 through 8
These tables contain information to help the reader assess the factors affecting the City’s ability
to generate property taxes.
Debt Capacity - Tables 9 through 13
These tables contain present information to help the reader assess the affordability 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 - Tables 14 and 15
These tables offer demographic and economic indicators to help the reader understand the
environment within which the City’s financial activities take place and to help make
comparisons over time and with other governments.
Operating Information - Tables 16 through 18
These tables contain information about the City’s operations and resources to help the reader
understand the relationship between the City’s financial activities and the services the City
provides.
165
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NET POSITIONS BY COMPONENT
Last Ten Fiscal Years
(Accrual Basis of Accounting)
200320042005
Governmental activities:
Net investment in capital assets$14,535,589$14,328,916$16,727,724
Restricted1,114,8702,285,3052,302,056
Unrestricted18,169,13320,455,98118,650,981
Total governmental activities net position$33,819,592$37,070,202$37,680,761
Business-type activities:
Net investment in capital assets$5,432,788$6,175,547$6,732,499
Restricted290,175337,389375,652
Unrestricted7,325,2286,918,7456,506,201
Total business-type activities net position$13,048,191$13,431,681$13,614,352
Primary government:
Net investment in capital assets$19,968,377$20,504,463$23,460,223
Restricted1,405,0452,622,6942,677,708
Unrestricted25,494,36127,374,72625,157,182
Total primary government net position$46,867,783$50,501,883$51,295,113
Fiscal Year
166
Table 1
2006200720082009201020112012
$18,043,277$18,859,030$23,497,922$24,163,911$26,279,178$28,095,261$27,666,461
2,224,3842,228,4542,316,9592,458,7432,034,0303,213,4552,624,466
23,028,97422,985,52321,011,46522,423,35123,142,53421,119,17921,241,595
$43,296,635$44,073,007$46,826,346$49,046,005$51,455,742$52,427,895$51,532,522
$5,759,805$6,039,739$7,142,278$7,459,474$8,044,184$9,331,167$9,819,666
455,227775,036745,601648,435438,275381,465234,063
7,299,5746,478,3835,855,4956,014,1406,725,3835,918,1476,680,609
$13,514,606$13,293,158$13,743,374$14,122,049$15,207,842$15,630,779$16,734,338
$23,803,082$24,898,769$30,640,200$31,623,385$34,323,362$37,426,428$37,486,127
2,679,6113,003,4903,062,5603,107,1782,472,3053,594,9202,858,529
30,328,54829,463,90626,866,96028,437,49129,867,91727,037,32627,922,204
$56,811,241$57,366,165$60,569,720$63,168,054$66,663,584$68,058,674$68,266,860
Fiscal Year
167
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CHANGES IN NET POSITION
Last Ten Fiscal Years
(Accrual Basis of Accounting)
200320042005
Expenses
Governmental activities:
General government$1,756,434$1,669,721$1,681,229
Public safety3,630,5353,640,9704,052,905
Public works2,646,8592,109,0602,391,726
Culture and recreation1,909,8311,904,8482,017,816
Community development1,239,0302,171,4075,360,442
Interest on long-term debt414,297387,544288,532
Total governmental activities expenses11,596,98611,883,55015,792,650
Business-type activities:
Water1,903,3311,637,3161,717,445
Sewer1,231,5941,219,2001,333,420
Refuse 1,330,2721,321,7301,147,313
Storm sewer204,895158,374162,915
Liquor6,619,9426,593,5786,544,175
Total business-type activities expenses11,290,03410,930,19810,905,268
Total primary government expenses$22,887,020$22,813,748$26,697,918
Program revenues
Governmental activities:
Charges for services:
General government$724,331$203,344$228,740
Public safety330,768488,216423,450
Public works306,19348,25381,607
Culture and recreation107,318239,352250,380
Community development510,6201,313,9122,748,542
Operating grants and contributions:
General government - - 79
Public safety405,098436,460557,983
Public works194,987213,801178,311
Culture and recreation41,49272,26976,405
Community development304,669955,213144,121
Capital grants and contributions:
General government - - -
Public safety225,000225,000599,917
Public works613,3041,315,00746,052
Culture and recreation - 50,2501,702,543
Community development56,805177,737 -
Total governmental activities program revenues3,820,5855,738,8147,038,130
Fiscal Year
168
Table 2
Page 1 of 2
2006200720082009201020112012
$1,689,675$1,732,111$1,835,453$1,761,334$2,013,750$2,039,680$1,977,594
3,992,9304,380,3634,599,6694,591,9775,473,2245,549,6785,708,009
2,353,0322,506,9132,906,9502,794,1892,777,9662,654,0473,200,572
2,135,6332,313,7502,283,8812,182,8562,479,5192,576,4092,500,719
2,579,0845,918,2574,476,4752,385,4052,295,5741,630,3502,157,966
118,760496,688721,006961,392959,320909,858845,879
12,869,11417,348,08216,823,43414,677,15315,999,35315,360,02216,390,739
2,026,6032,113,1212,149,9761,927,8112,000,1012,370,0762,311,858
1,393,6791,675,7381,571,4871,737,1341,478,5181,710,3811,464,269
1,147,8791,170,7071,185,2981,290,5281,426,4861,561,6591,601,648
184,764204,221216,362376,884272,355298,577329,998
6,377,8056,539,3577,470,3237,701,9617,910,9518,155,8888,378,981
11,130,73011,703,14412,593,44613,034,31813,088,41114,096,58114,086,754
$23,999,844$29,051,226$29,416,880$27,711,471$29,087,764$29,456,603$30,477,493
$171,146$177,378$173,485$169,850$192,005$189,641$204,391
528,752670,017616,107637,653715,205697,656736,927
267,960130,35167,22634,14944,21148,303139,305
263,565297,341262,562256,969269,825159,829137,978
1,461,4971,504,6791,562,3451,019,1911,114,848962,276961,420
2,769 - 2,5601,505 - - -
355,356389,325433,732434,402559,482563,914556,387
161,176154,309154,049161,401166,468176,578189,039
79,37147,784239,865102,51793,47476,86457,337
160,017159,624185,506211,400241,919112,89523,010
- - - - 194,84238,399 -
52,463103,97457,70019,52016,02611,303 -
3,896,8621,448,1801,596,3481,683,0242,848,1791,314,547797,921
141,73871,51642,5881,50015,724 - -
682,8721,311,5252,974,449199,505541,826175,467204,349
8,225,5446,466,0038,368,5224,932,5867,014,0344,527,6724,008,064
Fiscal Year
169
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CHANGES IN NET POSITION
Last Ten Fiscal Years
(Accrual Basis of Accounting)
200320042005
Business-type activities:
Charges for services:
Water$1,548,505$1,771,153$1,887,990
Sewer1,240,8821,019,5321,145,810
Refuse1,248,3461,255,0111,256,180
Storm sewer184,712284,223274,907
Liquor6,960,9166,975,7566,714,575
Operating grants and contributions: -
Sewer1,865 - -
Refuse53,41146,63546,170
Storm sewer52,499 - -
Capital grants and contributions:
Water - - -
Sewer - - -
Refuse - - -
Storm sewer - 113,407 -
Total business-type activities program revenues11,291,13611,465,71711,325,632
Total primary government program revenues$15,111,721$17,204,531$18,363,762
Net (expense) revenue:
Governmental activities($7,776,401)($6,144,736)($8,754,520)
Business-type activities1,102535,519420,364
Total primary government net (expense) revenue(7,775,299)(5,609,217)(8,334,156)
General revenues and other changes in net position
Governmental activities:
Taxes:
Property taxes4,306,0364,989,2055,662,368
Tax increment collections781,439972,2081,088,267
Unrestricted grants and contributions2,712,4082,337,3861,768,216
Investment earnings408,208729,456471,142
Miscellaneous103,524 - 18,980
Transfers487,613467,091445,249
Total governmental activities8,799,2289,495,3469,454,222
Business-type activities:
Investment earnings126,671215,062118,413
Transfers(487,613)(467,091)(445,249)
Total business-type activities(360,942)(252,029)(326,836)
Total primary government$8,438,286$9,243,317$9,127,386
Change in net position:
Governmental activities$1,022,827$3,350,610$699,702
Business-type activities(359,840)283,49093,528
Total primary government$662,987$3,634,100$793,230
Fiscal Year
170
Table 2
Page 2 of 2
2006200720082009201020112012
$2,141,648$2,273,980$2,414,316$2,471,257$2,503,506$2,530,803$2,777,383
1,374,2171,419,2521,440,1651,465,4961,594,3221,523,8521,581,516
1,263,2671,303,4721,341,0141,383,9791,542,3121,682,1781,761,860
270,467290,419314,238370,590345,086350,618353,343
6,546,9796,722,6227,490,9427,962,8848,158,2598,494,9628,804,233
- - 1,718 - - - -
47,75536,06050,57250,10536,65366,16362,471
- - - - - - -
22,822 - - - - - -
- - 54,774 - - - -
- - - - - - 50,000
- - - - - - -
11,667,15512,045,80513,107,73913,704,31114,180,13814,648,57615,390,806
$19,892,699$18,511,808$21,476,261$18,636,897$21,194,172$19,176,248$19,398,870
($4,643,570)($10,882,079)($8,454,912)($9,744,567)($8,985,319)($10,832,350)($12,382,675)
536,425342,661514,293669,9931,091,727551,9951,304,052
(4,107,145)(10,539,418)(7,940,619)(9,074,574)(7,893,592)(10,280,355)(11,078,623)
5,953,7226,321,4676,762,1298,046,3188,825,5029,069,0929,363,598
1,086,2981,183,0621,557,8911,244,684812,965558,861553,050
1,679,3841,844,5161,516,4121,731,1851,176,9341,278,1951,003,552
706,2311,379,7261,050,827475,345487,612598,880295,950
15,93044,00040,87782,704 - 34,4857,338
957,879456,537280,115383,99092,044264,990263,814
10,399,44411,229,30811,208,25111,964,22611,395,05711,804,50311,487,302
181,708321,571216,03892,67286,110135,93263,321
(957,879)(456,537)(280,115)(383,990)(92,044)(264,990)(263,814)
(776,171)(134,966)(64,077)(291,318)(5,934)(129,058)(200,493)
$9,623,273$11,094,342$11,144,174$11,672,908$11,389,123$11,675,445$11,286,809
$5,755,874$347,229$2,753,339$2,219,659$2,409,738$972,153($895,373)
(239,746)207,695450,216378,6751,085,793422,9371,103,559
$5,516,128$554,924$3,203,555$2,598,334$3,495,531$1,395,090$208,186
Fiscal Year
171
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FUND BALANCES - GOVERNMENTAL FUNDS
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
2003 2004 2005
General fund:
Reserved $14,727 $23,302 $10,484
Unreserved 3,408,505 4,116,808 3,339,644
Nonspendable - - -
Restricted - - -
Committed - - -
Assigned - - -
Unassigned - - -
Total general fund $3,423,232 $4,140,110 $3,350,128
All other governmental funds:
Reserved $976,139 $5,273,705 $2,187,884
Unreserved, reported in:
Special revenue funds 610,804 (652,449)(612,434)
Debt service funds 841,666 1,044,647 621,250
Capital projects funds 13,633,284 12,367,589 12,784,744
Nonspendable - - -
Restricted - - -
Committed - - -
Assigned - - -
Unassigned - - -
Total all other governmental funds $16,061,893 $18,033,492 $14,981,444
Fiscal Year
172
Table 3
2006200720082009201020112012
$35,323$35,710$12,159$71,898$77,204$ - $ -
3,560,5253,943,4363,743,7984,724,2535,265,035 - -
- - - - - 80,76787,341
- - - - - - -
- - - - - 132,59574,594
- - - - - - -
- - - - - 5,655,6935,914,974
$3,595,848$3,979,146$3,755,957$4,796,151$5,342,239$5,869,055$6,076,909
$2,668,322$2,382,354$968,602$1,643,915$1,550,071$ - $ -
(506,084)411,0901,868,3402,332,6103,190,618 - -
809,0621,745,4473,242,4713,177,5863,713,774 - -
15,034,96815,918,04820,233,69013,173,07411,642,407 - -
- - - - - 2,353,1642,763,852
- - - - - 3,440,6494,186,081
- - - - - 12,774,44010,988,368
- - - - - - -
- - - - - (1,041)(2,782)
$18,006,268$20,456,939$26,313,103$20,327,185$20,096,870$18,567,212$17,935,519
Fiscal Year
173
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
Last Ten Fiscal Years
200320042005
Revenues:
Taxes$5,076,498$5,937,431$6,702,610
Special assessments564,351671,357520,031
Licenses and permits281,480586,957382,339
Intergovernmental 3,844,9884,687,8664,878,487
Charges for services1,125,4311,442,4383,197,360
Fines and forfeitures140,378140,282127,555
Investment earnings392,995695,275432,959
Other revenues435,829176,57590,956
Total revenues11,861,950 14,338,181 16,332,297
Expenditures:
Current:
General government1,663,8011,576,2331,575,863
Public safety3,590,5253,615,2003,954,019
Public works1,208,0551,311,3901,558,987
Culture and recreation1,862,7771,872,1781,977,798
Community development1,622,4681,576,1614,511,338
Capital outlay:
General government16,037 - 11,022
Public safety348,221476,51195,125
Public works1,273,7471,637,5591,912,738
Culture and recreation71,70083,95562,700
Community development55,824682,9391,436,724
Debt service:
Principal retirement477,918514,7891,449,035
Interest and fiscal charges602,592652,5182,478,205
Issuance costs10,33029,918 -
Developer incentives85,21167,866252,176
Total expenditures12,889,206 14,097,217 21,275,730
Revenues over (under) expenditures(1,027,256)240,964 (4,943,433)
Fiscal Year
174
Table 4
Page 1 of 2
2006200720082009201020112012
$6,977,604$7,444,199$8,263,763$9,218,038$9,631,635$9,683,433$9,948,228
1,011,5531,137,5762,505,523879,0921,020,334729,327775,714
597,557444,833423,465435,618479,148378,357396,226
4,228,3084,229,4143,734,8263,777,3554,936,4432,820,4192,314,195
1,887,3141,995,8591,665,6041,513,6671,650,7721,568,3611,663,782
129,400160,383142,283139,955188,693170,089161,882
648,7441,271,216984,846456,145469,312562,180275,750
251,414170,344296,815102,901273,44670,17363,674
15,731,894 16,853,824 18,017,125 16,522,771 18,649,783 15,982,339 15,599,451
1,577,4841,616,3741,706,2441,646,9741,926,9822,005,9101,813,433
3,887,8844,122,4114,345,7164,418,4364,968,4335,786,9135,250,881
1,523,1701,640,7131,955,2501,736,9991,731,7002,621,9272,011,507
2,074,8352,238,7932,202,6802,003,6352,194,8531,635,6012,184,214
2,256,1223,077,3104,077,5762,115,6281,351,3681,353,1501,434,329
4,512 - 5,45345,708 - 115,554209,176
82,986254,7283,499,7138,997,400237,27295,697158,448
4,202,6651,303,2971,084,959951,2402,925,174642,102557,820
117,909274,8963,269,9862,256,958194,38032,54218,107
266,144306,332287,620139,1181,202,99869,573636,294
782,273792,2731,029,836783,974765,7361,659,022972,000
119,544219,065384,293835,167981,281935,405861,139
25,114148,972155,39756,189 - 181,638116,072
142,4512,584,85471,341125,857141,005 - -
17,063,093 18,580,018 24,076,064 26,113,283 18,621,182 17,135,034 16,223,420
(1,331,199)(1,726,194)(6,058,939)(9,590,512)28,601 (1,152,695)(623,969)
Fiscal Year
175
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
Last Ten Fiscal Years
200320042005
Other financing sources (uses):
Bonds issued$1,332,828$1,985,000$ -
Bond premium (discount)(5,998)(5,935) -
Transfers in3,849,932838,937553,070
Transfers out(2,880,382)(370,489)(80,321)
Sale of capital assets267,699 - 628,654
Total other financing sources (uses)2,564,079 2,447,513 1,101,403
Net change in fund balance$1,536,823$2,688,477($3,842,030)
Expenditures capitalized for governmental
activities reporting purposes1,273,9382,355,4203,518,309
Debt service as a percentage
of noncapital expenditures (A) (B)9.3%9.9%22.1%
Debt service as a percentage
of total expenditures (A) (B)8.4%8.3%18.5%
(A) For the purpose of the debt service ratios presented in this table, only the principal and interest components of
the debt service expenditures reported in this table are used, and noncapital expenditures are determined
by subtracting expenditures capitalized for governmental activities reporting purposes from the total
governmental funds expenditures reported in the table.
(B) Certain information from prior years' presentations have been restated in this table to conform
to the current presentation.
Fiscal Year
176
Table 4
Page 2 of 2
2006200720082009201020112012
$2,759,550$3,890,000$10,975,000$4,190,000$ - $ - $ -
26,303(22,108) - - - - -
1,807,877570,374377,615458,231407,272411,736298,814
(70,000)(70,000)(88,941)(99,224)(120,100)(302,881)(110,000)
78,013191,897428,24095,781 - 40,99911,315
4,601,743 4,560,163 11,691,914 4,644,788 287,172 149,854 200,129
$3,270,544$2,833,969$5,632,975($4,945,724)$315,773($1,002,841)($423,840)
4,592,7871,896,3637,909,56112,364,5113,637,559955,4681,579,845
7.2%6.1%8.7%11.8%11.7%16.0%12.5%
5.3%5.4%5.9%6.2%9.4%15.1%11.3%
Fiscal Year
177
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX CAPACITY VALUE AND ESTIMATED MARKET VALUE OF ALL TAXABLE PROPERTY Table 5
Last Ten Fiscal Years
(Unaudited)
Adjusted Adjusted Tax
Tax Capacity Value (A)Taxable Net TotalEstimated Capacity Value
FiscalOther Captured Tax Area Wide Allocation (C)Tax Capacity Direct TaxMarket as a Percent
Year ResidentialProperty (B)Increment ValueSubtotalContributionDistributionValue RateValueof EMV
2003$7,852,288$1,731,844($823,154)$8,760,978($409,330)$2,111,495$10,463,14345.272%$982,517,6001.065%
20048,808,1431,813,247(1,010,335)9,611,055(379,508)2,267,40111,498,94847.888%1,077,714,4001.067%
200510,170,0411,874,629(1,152,643)10,892,027(417,605)2,275,59112,750,01347.859%1,203,032,8001.060%
200611,487,4241,861,133(1,193,227)12,155,330(453,305)2,324,91714,026,94244.736%1,271,030,5001.104%
200712,860,3731,967,884(1,389,436)13,438,821(443,665)2,473,14015,468,29641.511%1,387,050,1001.115%
200813,596,2902,219,619(1,747,297)14,068,612(485,657)2,877,43216,460,38743.076%1,454,932,2001.131%
200913,229,8032,426,270(1,748,791)13,907,282(551,683)3,175,71216,531,31147.430%1,424,291,3001.161%
201011,997,2972,401,197(803,298)13,595,196(624,231)3,579,41616,550,38156.881%1,303,072,9001.270%
201110,890,6312,218,809(568,719)12,540,721(796,058)3,811,85615,556,51961.804%1,180,235,3001.318%
20129,087,6662,141,140(521,306)10,707,500(710,709)4,059,43214,056,22366.300%968,810,4411.451%
(A) 2012 taxable market values used to calculate tax capacity values in this table are reduced by the market value homestead exclusion, which is new for 2012.
(B)The category "Other Property" is substantially all commercial/industrial property, plus nomimal amounts of railroad and personal property.
( C)The Metropolitan Fiscal Disparities Act was first implemented for taxes payable in 1975 for the seven Metropolitan counties
of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington. Forty percent of the increase in
commercial-industrial (including public utility) valuation in each assessment district since 1971 is contributed to an area-wide
tax base. Using the factors of population and real property market value, a per capita distribution index is calculated. This
index is employed in determining what proportion of the valuation shall be distributed back to each assessment district.
Source: Anoka County Auditor's Tax Certificate
178
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DIRECT AND OVERLAPPING PROPERTY TAX RATES (A) Table 6
Last Ten Fiscal Years
City
Fiscal Direct School Special
Year Rate (A)District 13 CountyDistricts ( C)Total
2003 45.272%20.303%34.761%8.203%108.539%
2004 47.888%22.833%37.617%7.689%116.027%
2005 47.859%19.918%32.722%8.048%108.547%
2006 44.736%19.505%29.875%7.679%101.795%
2007 41.511%17.338%28.626%7.901%95.376%
2008 43.076%16.088%28.927%9.693%97.784%
2009 47.430%23.554%29.861%8.699%109.544%
2010 56.881%24.547%32.696%9.185%123.309%
2011 61.804%18.842%37.235%9.605%127.486%
2012 66.300%24.200%38.415%9.932%138.847%
(A)These property tax rates are stated as a percentage of tax capacity value. Refer to Table 5 for tax capacity value.
Rates stated in terms of 2012 tax capacity values are impacted by the market value homestead exclusion, new for 2012.
By excluding a portion of tax base from taxation, 2012 rates are stated higher for any given levy amount, relative to prior years.
Rates are determined by tax district. Within the Anoka County property tax system, the City is an individual tax
district. Thus the City direct rate is an individual rate, and is not comprised of component direct rates.
(B)Overlapping rates are those of local and county governments that apply to property owners within the City. Most,
but not all, overlapping rates apply to all City property owners. For example, although the school and county
property tax rates apply to all City property owners, special district rates apply only to the City property owners
whose property is located within each special district's geographic boundaries.
(C)Special districts include Metropolitan Council, Metropolitan Transit District, Metropolitan Mosquito Control
District, N.E. Metro School District 916, Rice Creek Watershed District, Anoka County Housing and
Redevelopment Authority, Anoka County Regional Rail Authority, County/City Radio, and the Columbia Heights
Housing and Redevelopment Authority.
Overlapping Rates (B)
179
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180
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL PROPERTY TAXPAYERS Table 7
Current Year and Nine Years Ago
Percentage Percentage
Taxof Total CityTaxableof Total City
CapacityTax CapacityCapacityTax Capacity
TaxpayerValue (A) & (B)RankValueValue (A)RankValue
Medtronic Inc$207,98811.48%$174,50211.67%
Centro Bradley SPE 5 LLC133,69220.95%N/AN/AN/A
Stadium Village Properties LLC109,28630.78%N/AN/AN/A
Consolidated Realty of Mpls90,62540.64%98,92330.95%
Columbia Park Properties95,23450.68%76,55260.73%
Crestview Corporation96,95260.69%65,18780.62%
Columbia Heights Center LLC76,12670.54%80,93050.77%
Lynde Investment Co MN Partnership67,69080.48%57,46690.55%
Jeff's Bobby & Steve's Auto World67,39290.48%49,366100.47%
Northern States Power58,712100.42%49,072110.47%
New Heights Development LLC54,664110.39%N/AN/AN/A
Maylan Construction CompanyN/AN/AN/A86,84840.83%
Lake State PropertiesN/AN/AN/A76,27870.73%
Bradley Operating LPN/AN/AN/A141,72821.35%
Total$1,058,3617.53%$956,8529.14%
Total All Property $14,056,223$10,463,143
(A) Tax Capacity values in this table are before adjustments for captured tax increment value and area-wide allocations. See Table 5.
(B) 2012 taxable market values used to calculate tax capacity values in this table are reduced by the market value homestead exclusion, new for 2012.
Source: Anoka County Auditor's Tax Certificate.
20032012
181
CITY OFCOLUMBIA HEIGHTS, MINNESOTA
PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten Years
CountyState Market
FiscalGrossAdjustmentsValue HomesteadAdjusted
YearTax Levy (A)to Levy (B)Credit (A) Tax Levy
2003$4,817,984$1,805($607,323)$4,212,466
20045,447,2602,628(588,271)4,861,617
2005 6,102,537 152 (568,479)5,534,210
2006 6,347,537 (160)(517,322)5,830,055
2007 6,500,613 (189)(471,660)6,028,764
2008 7,045,370 (74)(451,019)6,594,277
2009 7,702,363 (161)(447,755)7,254,447
2010 9,075,425 (302)(535,625)8,539,498
2011 9,426,760 (141)(608,241)8,818,378
2012 9,136,706 (54) - 9,136,652
(B) Anoka County adjusts the property tax levy adopted by the City Council for certain items. These are
primarily excess tax increment reimbursements and rounding. Abatements or increases of tax to individual
taxpayers are not included in these adjustments.
Source: Anoka County Auditor's Tax Certificate. Also Anoka County Tax Settlement Statements for the City
of Columbia Heights.
(A) Under state law for years prior to 2012, the stated amount of the annual property tax levy adopted by the City Council included
both the actual property tax plus an amount termed the "state market value homestead credit." The state market value homestead
credit was determined by a formula in state law. To the extent this market value homestead credit was paid by the State of Minnesota
and received by the City in any given year, it was reported as intergovernmental revenue in the City's financial statements. Only the
portion of the gross levy that was actually levied upon property is reported as property tax revenue in the City's financial statements.
This table only includes tax levies for the City of Columbia Heights, the primary government. It does not include tax levies for the
special taxing district of the Columbia Heights HRA, a component unit of the City.
182
Table 8
Collections inTotal Collections to Date
Collection% of AdjustedSubsequent% of Adjusted
AmountTax LevyYearsAmountTax Levy
$4,115,96797.71%$64,941$4,180,90899.25%
4,760,78897.93%53,6434,814,43199.03%
5,412,178 97.79%85,072 5,497,250 99.33%
5,672,909 97.30%128,106 5,801,015 99.50%
5,842,540 96.91%156,411 5,998,951 99.51%
6,400,604 97.06%157,453 6,558,057 99.45%
7,021,605 96.79%171,267 7,192,872 99.15%
8,279,065 96.95%125,232 8,404,297 98.42%
8,578,784 97.28%85,737 8,664,521 98.26%
8,932,564 97.77%N/A 8,932,564 97.77%
Collected Within The Fiscal Year For Which
Levied
183
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RATIOS OF OUTSTANDING DEBT BY TYPE
Last Ten Fiscal Years
Governmental Activities
GeneralGeneralGeneral
ObligationObligationObligation
Bonds RepaidBondsBonds WithTax IncrementTotal
FiscalOnly WithWith PledgedPledged SpecialRevenueGovernmental
YearGeneral TaxesTax IncrementAssessmentsBondsActivities
2003$ - $1,630,288$1,937,828$ - $3,568,116
2004 - 3,264,7041,773,623 - 5,038,327
2005 - 1,985,0001,604,292 - 3,589,292
2006 - 1,385,0004,181,569 - 5,566,569
20071,000,000775,0003,999,2962,890,0008,664,296
200811,000,000150,0004,569,4602,890,00018,609,460
200913,940,000580,0004,614,4862,881,00022,015,486
201013,855,000580,0003,976,7502,838,00021,249,750
201112,698,431580,0003,522,2992,790,00019,590,730
201213,090,000580,0002,211,7902,737,00018,618,790
(A) Based on population and income data in Table 14. Certain information from prior years' presentations
have been restated in this table to conform to the current presentation.
184
Table 9
Business-Type ActivitiesAll Activities
GeneralLiquor
ObligationFacility
Bonds WithLeaseTotalPercentage
Pledged UtilityRevenueBusiness-TypeTotalof PersonalPer
RevenuesBondsActivitiesAll DebtIncome (A)Capita (A)
$2,737,172$ - $2,737,172$6,305,2881.6%337
2,486,377 - 2,486,3777,524,7041.9%405
2,220,708 - 2,220,7085,810,0001.3%318
3,248,431 - 3,248,4318,815,0002.0%482
2,950,7045,040,0007,990,70416,655,0003.8%919
2,590,5405,040,0007,630,54026,240,0006.0%1,447
2,540,5125,040,0007,580,51229,595,9986.7%1,612
2,128,2484,900,0007,028,24828,277,9986.0%1,450
1,304,2704,750,0006,054,27025,645,0005.3%1,315
1,123,2104,595,0005,718,21024,337,0004.8%1,240
185
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RATIOS OF OUTSTANDING NET GENERAL BONDED DEBT BY TYPE
Last Ten Fiscal Years
Less:Subtotal of
GovernmentalGovernmentalGovernmentalPercentage
General Funds Net Generalof Estimated
FiscalObligationRestricted forObligationProperty
YearBondsRepaymentBonded DebtValue (B)
2003$3,568,116$841,666$2,726,4500.28%
20045,038,3271,044,6473,993,6800.37%
20053,589,292621,2502,968,0420.25%
20065,566,569809,0624,757,5070.37%
20075,774,2961,745,4474,028,8490.29%
200815,719,4603,242,47112,476,9890.86%
200919,134,4862,952,52016,181,9661.14%
201018,411,7503,713,77414,697,9761.13%
201116,800,7302,162,11914,638,6111.24%
201213,066,7901,559,98511,506,8051.19%
(A) Based on population and income data in Table 14. Certain information from prior years' presentations
have been restated in this table to conform to the current presentation.
(B) Based on the estimated market value of property in Table 5.
The estimated market value of property bears a stong relationship to the debt capacity of the City.
It should be noted however, that in the State of Minnesota, property tax revenue is dependent
on the tax capacity value of property. Tax capacity value is derived from estimated market value by a
set of class rates and other adjustments as determined by the State legislature. The historical relationship
between estimated market value and tax capacity value for property in the City is shown in Table 5.
186
Table 10
Business-typeLess:Subtotal of
GeneralBusiness-typeBusiness-type
Obligation BondsFunds Net GeneralPercentageTotal
With PledgedRestricted forObligationof UtilityNet GeneralPer
Utility RevenuesRepaymentBonded DebtRevenueBonded DebtCapita (A)
$2,737,172$290,175$2,446,99758.5%$5,173,447277
2,486,377337,3892,148,98849.8%$6,142,668330
2,220,708375,6521,845,05640.6%$4,813,098264
3,248,431457,7942,790,63755.3%$7,548,144413
2,950,704443,2972,507,40747.4%$6,536,256361
2,590,540449,9312,140,60938.9%$14,617,598806
2,540,512485,8832,054,62936.1%$18,236,595993
2,128,248287,4531,840,79530.8%$16,538,771848
1,304,270273,9661,030,30416.9%$15,668,915804
1,123,210226,292896,91813.9%$12,403,723632
187
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT Table 11
December 31, 2012
Estimated
EstimatedShare of
DebtPercentageOverlapping
Governmental Unit (A)OutstandingApplicable (B)Debt
Debt repaid with property taxes:
Anoka County$150,438,5064.8286%$7,264,051
Anoka County Railroad Authority29,285,0004.8392%1,417,164
Independent School District 1322,435,000 70.1291%15,733,463
Metropolitan Council 1,349,552,846 0.4551%6,142,061
Subtotal - overlapping debt 30,556,739
City direct debt - governmental activities14,585,000
Total direct and overlapping debt $45,141,739
(A)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
taxpayers 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 taxpayers should be taken into account.
(B)The percentage of overlapping debt applicable is estimated using adjusted taxable net tax capacity values of property,
which is the tax capacity value after adjustments for captured tax increment value and area-wide allocations
(see Table 5) Applicable percentages were estimated by determining the portion of each governmental unit's tax.
capacity value that is within the City's boundaries and dividing it by each unit's total tax capacity value.
Source: Anoka County Auditor's Tax Certificate
188
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LEGAL DEBT MARGIN INFORMATION Table 12
Last Ten Fiscal Years
Legal Debt Margin Calculation for Fiscal Year 2012
Taxable market value of property ( C)$968,910,441
Debt limitation percentage (A)3%
Debt limit 29,067,313
Net debt applicable to limit (B)10,275,000
Legal debt margin $18,792,313
Legal debt margin as a percentage of limit 64.65%
Legal Debt Margin Calculation for Fiscal Years 2003 Through 2011
Net Debt LegalLegal Debt Margin
Fiscal Debt Applicable to Debt as a Percentage
Year Limit Limit Margin of Debt Limit
2003 $17,102,916 $ - $17,102,916 100.00%
2004 19,133,440 - 19,133,440 100.00%
2005 21,831,836 - 21,831,836 100.00%
2006 24,490,232 - 24,490,232 100.00%
2007 27,255,660 1,000,000 26,255,660 96.33%
2008 43,388,271 11,000,000 32,388,271 74.65%
2009 42,618,129 13,940,000 28,678,129 67.29%
2010 38,979,705 13,855,000 25,124,705 64.46%
2011 35,278,494 12,698,431 22,580,063 64.01%
(A)M.S.A. Section 475.53 (Limit on Debt) Subdivision 1. Generally, except as otherwise provided in Sections 475.51 to
475.74, "no municipality, except a school district or a city of the first class, shall incur or be subject to a net debt in
excess of 3% of the market value of taxable property in the municipality."
(B)M.S.A. Section 475.51 (definitions) Subdivision 4. "Net debt" means the amount remaining after deducting from
its gross debt the amount of current revenues which are applicable within the current fiscal year to the payment of
any debt and the aggregate of the principal of the following:
1.Obligations issued for improvements which are payable wholly or partly from the proceeds of special
assessments levied upon property specially benefited thereby, including those which are general obligations of
the municipality issuing them, if the municipality is entitled to reimbursement in whole or in part from the
proceeds of the special assessments.
2.Warrants or orders having no definite or fixed maturity.
3.Obligations payable wholly from the income from revenue producing conveniences.
4.Obligations issued to create or maintain a Permanent Improvement Revolving Fund.
5.Obligations issued for the acquisition and betterment of public water works systems and public lighting,
heating or power systems, and of any combination thereof or for any other public convenience from which a
revenue is or may be derived.
6.Not applicable.
7.Amount of all money and face value of all securities held as a Debt Service Fund for the extinguishment of
obligations other than those deductible under this subdivision.
8.All other obligations which under the provisions of law authorizing their issuance are not to be included in
computing the net debt of the municipality.
( C)Beginning in the year 2012, state statute excludes a portion of the market value of eligible homestead property
from taxation. This is termed the Market Value Homestead Exclusion. For purposes of the state statutes
referenced in notes (A) and (B) above that set the legal debt limit/margin, the Minnesota Department of Revenue
interprets "the market value of the taxable property in the City" as net of any market value homestead exclusion.
189
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PLEDGED REVENUE COVERAGE NON-OBLIGATION DEBT Table 13
Last Ten Fiscal Years
2003 - 200720082009201020112012
Economic Development Authority
Tax Increment Revenue Bonds Series 2007:
Tax increment revenue from applicable parcels$ - $243,159$267,142$241,854$211,533$175,832
Intergovernmental:
Market Value TIF credit - 14,00219,55428,11834,351 -
Net available revenue$0$257,161$286,696$269,972$245,884$175,832
Debt service:
Principal - - 9,00043,00048,00053,000
Interest - 158,325152,363151,063148,788146,263
Total debt service$0$158,325$161,363$194,063$196,788$199,263
CoverageN/A162%178%139%125%88%
Economic Development Authority
Lease Revenue Bonds Series 2007B:
Annual appropriation of liquor net revenues$ - $210,264$497,200$364,000$390,000$386,000
Investment income - 8,638711,1051,5001,000
Issuance costs and administration (expense) - (10,062)(6,866)(10,393)(9,598)(9,371)
Net available revenue$0$208,840$490,405$354,712$381,902$377,629
Debt service:
Principal$ - $ - $ - $140,000$150,000$155,000
Interest - 208,264240,305237,155230,630223,768
Total debt service$0$208,264$240,305$377,155$380,630$378,768
CoverageN/A100%204%94%100%100%
Note: Details regarding the City's outstanding debt can be found in Note 6 of the financial statements.
Fiscal Year
190
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEMOGRAPHIC AND ECONOMIC STATISTICS Table 14
Last Ten Fiscal Years
Per
Capita
Fiscal Personal Personal Unemployment
Year Population Income Income Rate
2003 18,698 $399,538,864 $21,368 4.70%
2004 18,600 397,444,800 21,368 4.40%
2005 18,261 442,135,332 24,212 3.80%
2006 18,288 442,789,056 24,212 3.90%
2007 18,124 438,818,288 24,212 4.60%
2008 18,137 439,133,044 24,212 5.50%
2009 18,361 444,556,532 24,212 8.50%
2010 19,496 472,037,152 24,212 7.50%
2011 19,496 485,450,400 24,900 6.70%
2012 19,619 506,170,200 25,800 5.50%
Sources are as follows:
Population: Data for the years 2004-2009 provided by the Metropolitan Council. Data for the year
2003 & 2011 were estimated as equal to next available prior year. Data for 2010 is from the 2010 US Census.
Data for 2012 is estimated by the US Census.
Per Capita Income: Data for 2003-2004 estimated as equal to per capita income reported in the 2000 U.S. Census.
Data for 2005-2011 provided by the US Census Bureau, 2005-2009 American Community Survey.
Certain information from prior years' presentations have been restated in this table to conform
to the current presentation.
Unemployment Rate: Provided by MN Department of Employment and Economic Development for Anoka County.
Rates are not compiled for inidividual communities within counties.
191
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192
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL EMPLOYERS Table 15
Current Year and Nine Years Ago
Percentage ofPercentage of
Total AnokaTotal Anoka
County (A)County (A)
Principal Employers Within CityEmployeesRankEmploymentEmployeesRankEmployment
Medtronic Inc60010.34%53210.30%
Independent School District 1348420.27%41520.23%
Crestview Lutheran Home24530.14%22630.13%
City of Columbia Heights20540.11%17540.10%
Columbia Park Clinic12050.07%7070.04%
Rainbow Foods10060.06%12050.07%
Unique Thrift Store7570.04%N/AN/AN/A
Invest Cast Inc6080.03%5490.03%
La Casita Mexican Restaurant6090.03%N/AN/AN/A
Bobby & Steve's Auto World53100.03%N/AN/AN/A
US Post OfficeN/AN/AN/A45100.03%
NEI College of TechnologyN/AN/AN/A7660.04%
SIS EnterprisesN/AN/AN/A6080.03%
Total 2,0021.12%1,7731.00%
(A) Employment data is not compiled for individual cities within Minnesota counties.
Sources:
The employee count for the City of Columbia Heights is from Table 16. 2012 data for other employers was
compiled from Salesgenie business database at May 2012.
20032012
193
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program2003200420052006
General government
Mayor/council 5 5 5 5
Administration 5 5 5 4
Finance 13 12 12 12
Public safety:
Police 31 30 30 31
Fire 40 39 35 36
Public works 17 18 16 17
Culture and recreation:
Library 19 19 21 22
Parks 5 5 5 5
Recreation 13 13 15 16
Community development 7 6 7 7
Water 4 4 4 4
Sewer 4 4 4 4
Refuse - - - -
Storm sewer - - - -
Liquor 35 37 37 37
Total 198 197 196 200
Source: Organizational Chart in the City of Columbia Heights CAFR.
Note: The above table shows the distribution of all employees by head count (including full-time,
part-time and paid on-call), by function. This bears a strong relationship to the distribution of
employee costs across functions. However, many employees provide services to more than one
function, and employee costs are charged to each function based on the services received by each function.
Employees as of December 31,
194
Table 16
200720082009201020112012
555555
4 4 5 10 11 11
13 13 14 13 14 13
31 34 35 36 35 35
33 29 31 30 32 32
16 17 18 17 16 16
22 25 21 19 21 21
555555
16 17 14 13 16 16
766554
544444
433333
- - - - - -
- 1 1 1 1 1
42 38 40 41 39 39
203 201 202 202 207 205
Employees as of December 31,
195
CITY OF COLUMBIA HEIGHTS, MINNESOTA
OPERATING INDICATORS BY FUNCTION/PROGRAM
Last Ten Fiscal Years
2003200420052006
General government:
Resolutions approved by City Council (A)578792234
Ordinances adopted by City Council1972014
Public safety:
Police:
Part I crimes (B)1,0561,2291,2801,167
Part II crimes (B)3,2253,4353,4963,184
Fire:
Emergency medical calls (B)1,7021,6531,8731,806
Fire calls (B)380483581387
Inspections & Related Actions (B)4,6162,0772,3793,709
Public works:
Street paving and patching (tons of asphalt)1,2201,271409710
Street sweeping (tons of debris)6401,064658637
Trees removed143261296188
Culture and recreation:
Library:
Items in collection71,40973,10568,22670,354
Circulation116,917116,533115,598119,593
Reference inquiries18,42714,67017,22515,106
Parks and recreation:
Athletics participants (C)2,5582,1391,9881,654
Other programs, estimated attendance (D)9,0009,0009,0009,000
Number of paid room rentals132134164191
Community development:
Number of business licenses issued295307327342
Number of building permits issued (E)1,1761,1591,3041,701
Construction value of permits issued$11,056,530(F)$50,322,414(F)$13,041,878$26,798,827
Water:
Consumption (thousands of gallons)579,322538,358527,621529,581
Sewer (sanitary):
Wastewater (thousands of gallons, 12 months ended June 30)556,900526,010514,810536,920
Miles of line cleaned/rodded/root-sawed17282839
Refuse:
Refuse (tons)7,6708,3488,8638,397
Recycling (tons)1,8731,7831,8631,721
Yardwaste (tons)809862892645
Storm sewer:
No operating indicators availablenot availnot availnot availnot avail
Liquor:
Number of units soldnot availnot avail798,900758,000
(A)In 2006, the City significantly increased enforcement of ordinances concerning nuisance/hazardous conditions
of properties within the City. Resolutions per year sharply increased, given one resolution per significant enforcement action.
(B)Public safety operating indicators include services provided to the City of Hilltop under contractual agreements.
The City of Hilltop is completely encircled by the City of Columbia Heights and has a population of 744.
(C)This operating indicator includes duplicate counts for participation in more than one team/league by some persons.
(D)This operating indicator includes duplicate counts for attendance at more than one program by some persons.
It is rounded to the nearest thousand attendees based on review of attendance data.
(E)This operating indicator includes inspection permits issued for new construction,
building alteration/addition, plumbing, heating, street excavation and sign installation.
(F)The construction value of building permits issued in 2004 includes $30,573,000 for a water
filtration plant owned and operated by the City of Minneapolis within the City of Columbia Heights.
Certain information from prior years' presentations have been restated in this table to conform to the current presentation.
Sources: Various City departments.
Function/Program
Fiscal Year
196
Table 17
200720082009201020112012
198247170115159159
12261212155
1,2461,098882768756743
3,1442,9661,2751,6831,5761,408
1,8882,0931,6941,6641,7221,839
445385660846764752
4,6036,9553,7245,7206,0735,413
1,9101,4151,0331,0548691,029
648420581638712350
357175121180180157
71,59472,42069,70272,05571,30372,985
125,222126,271120,705131,885125,051129,624
13,71513,79317,77114,35216,60114,547
1,5371,5101,6021,5004,2994,232
8,0008,0008,0008,0008,0009,000
185190210160177135
306363379393334323
1,3131,1131,1871,3511,2901,058
$22,230,118$21,917,792$13,376,732$14,481,712$7,986,467$7,203,199
538,844518,791518,299516,068454,223495,870
495,580511,090437,520444,820485,000455,210
272939262526
6,5877,3237,2396,7706,7896,563
1,5221,3181,0361,6991,6051,610
6547277731,1001,2701,270
not availnot availnot availnot availnot availnot avail
768,000920,1211,029,1391,028,1601,060,1501,103,790
Fiscal Year
197
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program2003200420052006
General government:
City hall square footage 28,53028,53028,53028,530
Public safety:
Police Stations1111
Fire Stations 1111
Public Safety Bldg square footageNote ANote ANote ANote A
Public works:
Office and shop square footage31,07531,07531,07531,075
Trunk highway miles3333
County road miles6666
City street miles62626262
Alley miles19191919
Culture and recreation:
Libraries1111
Library square footage7,8967,8967,8967,896
Parks13131313
Playgrounds11111111
Gymnasiums square footage - - - -
Mtg & banquet rooms square footage22,00022,00022,00022,000
Community development:
Senior high-rise apartments145145145145
Water:
Watermain miles66666666
Sewer:
Sanitary sewer miles59595959
Refuse:
Recycling centers1111
Storm sewer:
Storm sewer miles34343434
Liquor:
Retail stores owned1111
Retail stores leased2222
(A)For years prior to 2010, the police and fire stations are included in the City Hall square footage reported above.
Beginning in 2010, the police and fire stations were in a separate public safety facility.
Sources: Various City departments.
Fiscal Year
198
Table 18
200720082009201020112012
28,53028,53028,53028,53028,53028,530
111111
111111
Note ANote ANote A47,08847,08847,088
31,07531,07531,07531,07531,07531,075
333333
666666
626262626262
191919191919
111111
7,8967,8967,8967,8967,8967,896
131313131313
111111111111
- - 12,72612,72612,72612,726
22,00022,00022,00022,00022,00022,000
145145145145145145
666666666666
595959595959
111111
343434343434
133333
2 - - - - -
Fiscal Year
199
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200
IV. OTHER REQUIRED REPORTS SECTION
201
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202
4810 White Bear Parkway White Bear Lake, MN 55110 651.426.7000 651.426.5004 fax www.hlbtr.com
Equal Opportunity Employer 100-Percent Employee-Owned
HLB Tautges Redpath is a member of HLB International, a world-wide network of independent accounting firms and business advisors.
MINNESOTA LEGAL COMPLIANCE REPORT
To the Honorable Mayor and
Members of the City Council
City of Columbia Heights, Minnesota
We have audited, in accordance with auditing standards generally accepted in the United
States of America, the financial statements of the governmental activities, the business-type
activities, each major fund, and the aggregate remaining fund information of the City of
Columbia Heights, Minnesota, as of and for the year ended December 31, 2012, and the
related notes to the financial statements , and have issued our report thereon dated June 28,
2013.
The Minnesota Legal Compliance Audit Guide for Political Subdivisions, promulgated by the
State Auditor pursuant to Minn. Stat. § 6.65, contains seven categories of compliance to be
tested: contracting and bidding, deposits and investments, conflicts of interest, public
indebtedness, claims and disbursements, miscellaneous provisions, and tax increment
financing. Our audit considered all of the listed categories.
In connection with our audit, nothing came to our attention that caused us to believe that the
City of Columbia Heights, Minnesota failed to comply with the provisions of the Minnesota
Legal Compliance Audit Guide for Political Subdivisions. However, our audit was not
directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we
performed additional procedures, other matters may have come to our attention regarding the
City of Columbia Heights, Minnesota’s noncompliance with the above referenced provisions.
This report is intended solely for the information and use those charged with governance and
management of the City of Columbia Heights, Minnesota and the State Auditor and is not
intended to be and should not be used by anyone other than these specified parties.
HLB TAUTGES REDPATH, LTD.
June 28, 2013
- This page intentionally left blank -
204
4810 White Bear Parkway White Bear Lake, MN 55110 651.426.7000 651.426.5004 fax www.hlbtr.com
Equal Opportunity Employer 100-Percent Employee-Owned
HLB Tautges Redpath is a member of HLB International, a world-wide network of independent accounting firms and business advisors.
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and
Members of the City Council and Management
City of Columbia Heights, Minnesota
We have audited, in accordance with the 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, the financial
statements of the governmental activities, the business-type activities, the aggregate discretely
presented component units, each major fund, and the aggregate remaining fund information of
the City of Columbia Heights, Minnesota, as of and for the year ended December 31, 2012, and
the related notes to the financial statements, which collectively comprise the City of Columbia
Heights, Minnesota’s basic financial statements, and have issued our report thereon dated
June 28, 2013.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City of
Columbia Heights, Minnesota’s internal control over financial reporting (internal control) to
determine the audit procedures that are appropriate in the circumstances for the purpose of
expressing our opinions on the financial statements, but not for the purpose of expressing an
opinion on the effectiveness of the City of Columbia Heights, Minnesota’s internal control.
Accordingly, we do not express an opinion on the effectiveness of the City of Columbia Heights,
Minnesota’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a
material misstatement of the entity’s financial statements will not be prevented, or detected and
corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies,
in internal control that is less severe than a material weakness, yet important enough to merit attention
by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of
this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify
City of Columbia Heights, Minnesota
Report on Internal Control over Financial Reporting
and on Compliance and Other Matters
Page 2
any deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City of Columbia Heights,
Minnesota’s financial statements are free from material misstatement, we performed tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements,
noncompliance with which could have a direct and material effect on the determination of
financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion.
The results of our tests disclosed no instances of noncompliance or other matters that are required
to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of
the entity’s internal control or on compliance. This report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the entity’s internal
control and compliance. Accordingly, this communication is not suitable for any other purpose.
HLB TAUTGES REDPATH, LTD.
June 28, 2013
4810 White Bear Parkway White Bear Lake, MN 55110 651.426.7000 651.426.5004 fax www.hlbtr.com
Equal Opportunity Employer 100-Percent Employee-Owned
HLB Tautges Redpath is a member of HLB International, a world-wide network of independent accounting firms and business advisors.
REPORT ON SUPPLEMENTARY INFORMATION –
FINANCIAL DATA SCHEDULE
To the Honorable Mayor and
Members of the City Council
City of Columbia Heights, Minnesota
We have audited the financial statements of the governmental activities, the business-type
activities, each major fund, and the aggregate remaining fund information of the City of
Columbia Heights, Minnesota as of and for the year ended December 31, 2012, and have
issued our report thereon dated June 28, 2013. Our audit was performed for the purpose of
forming opinions on the financial statements that collectively comprise the City of Columbia
Heights, Minnesota’s basic financial statements. The accompanying Financial Data
Schedule is presented for purposes of additional analysis as required by the U.S. Department
of Housing and Urban Development and is not a required part of the basic financial
statements. Such information has been subjected to the auditing procedures applied in the
audit of the basic financial statements and, in our opinion, is fairly stated, in all material
respects, in relation to the basic financial statements taken as a whole.
This report is intended solely for the information and use of the City of Columbia Heights,
Minnesota and federal awarding agencies and pass-through entities and is not intended to be,
and should not be, used by anyone other than those specified parties.
HLB TAUTGES REDPATH, LTD.
June 28, 2013
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208
CITY OF COLUMBIA HEIGHTS, MINNESOTA
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINANCIAL DATA SCHEDULE
As of And For The Year Ended December 31, 2012
Line
ItemAccount DescriptionTotal Projects
Assets:
Current assets:
111 Cash - unrestricted $32,232
114 Cash - tenant security deposits18,625
100 Total cash 50,857
Accounts and notes receivable:
122 Accounts receivable - HUD other projects81,560
126 Accounts receivable - tenants1,876
120 Total receivables, net of allowance83,436
Investments:
132 Investments - Restricted 895,206
150 Total current assets 1,029,499
Noncurrent assets:
Capital assets:
161 Land 177,375
162 Buildings 3,208,785
163 Furniture, equipment and machinery - dwellings297,466
164 Furniture, equipment and machinery - administration8,842
166 Less: accumulated depreciation(2,594,107)
167 Construction in progress136,020
160 Total capital assets, net of accumulated depreciation1,234,381
180 Total noncurrent assets1,234,381
190 Total assets 2,263,879
Liabilities:
Current liabilities:
312 Accounts payable <= 90 days$122,531
333 Accounts payable - other governments24,326
341 Tenant security deposits 18,625
342 Deferred revenue 40
345 Other current liabilities 1,543
310 Total current liabilities167,065
350 Total noncurrent liabilities0
300 Total liabilities 167,065
Net Position:
508.1 Net investment in capital assets1,234,381
509 Fund balance reserved for operating activities862,434
513 Total net position$2,096,815
209
CITY OF COLUMBIA HEIGHTS, MINNESOTA
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINANCIAL DATA SCHEDULE
As of And For The Year Ended December 31, 2012
Page 2 of 2
Public HousingPublic Housing
OperatingCapital Fund
Line SubsidyProgram
ItemAccount Description14.85014.872Total Projects
Revenue:
703 Net tenant rental revenue$354,216$ - $354,216
704 Tenant revenue - other13,834 - 13,834
706 HUD PHA grants - 184,349184,349
715 Other revenue2,346 - 2,346
720 Investment income - restricted4,042 - 4,042
700 Total revenue374,438 184,349 558,787
Expenses:
911 Administrative salaries25,500 - 25,500
912 Auditing fees3,010 - 3,010
913 Outside management fees161,666 - 161,666
914 Advertising and marketing150 - 150
916 Other operating - administrative3,312 - 3,312
917 Legal expense3,616 - 3,616
919 Other expense2,802 - 2,802
931 Water 14,571 - 14,571
932 Electricity48,122 - 48,122
933 Gas 28,055 - 28,055
936 Sewer 11,549 - 11,549
938 Other utilities expense14,135 - 14,135
942 Ordinary maintenance and operations - materials and other26,947 - 26,947
943 Ordinary maint. and operations contracts - HVAC6,579 - 6,579
943 Ordinary maint. and operations contracts - snow removal1,878 - 1,878
943 Ordinary maint. and operations contracts - elevator9,379 - 9,379
943 Ordinary maint. and operations contracts - grounds4,918 - 4,918
943 Ordinary maint. and operations contracts - unit turnaround16,650 - 16,650
943 Ordinary maint. and operations contracts - electrical456 - 456
943 Ordinary maint. and operations contracts - plumbing88,880 - 88,880
943 Ordinary maint. and operations contracts - extermination1,513 - 1,513
943 Ordinary maint. and operations contracts - janitorial3,508 - 3,508
943 Ordinary maint. and operations contracts - routine maintenance28,478 - 28,478
943 Ordinary maint. and operations contracts - miscellaneous1,191 - 1,191
952 Protective services11,566 - 11,566
961 Insurance premiums20,966 - 20,966
962 Other general expenses2,415 - 2,415
963 Payments in lieu of taxes24,702 - 24,702
969 Total operating expenses566,514 0 566,514
974 Depreciation103,793103,793
900 Total expenses670,307 0 670,307
1001Operating transfers in184,349 - 184,349
1002Operating transfers out - (184,349)(184,349)
1010 Total other financing sources (uses)184,349 (184,349)0
1000Excess (deficiency) of revenue over expenses and
and other financing uses (sources)($111,520)$0($111,520)
Memo account information:
1103 Beginning equity$2,204,634$ - $2,204,634
1120 Unit months available1,212 - 1,212
1121 Number of unit months leased1,188 - 1,188
210
CITY OF COLUMBIA HEIGHTS, MINNESOTA
U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINANCIAL DATA SCHEDULE - STATEMENT AND CERTIFICATION OF ACTUAL MODERNIZATION COSTS
As of and For The Year Ended December 31, 2012
FY 2009FY 2009FY 2010FY 2011FY 2012
MN 46P10550109MN 46S10550109MN 46P105501-10MN 46P105501-11MN 46P105501-12
A.The actual modernization costs are as follows:
Funds approved$112,026$131,959$110,976$92,207$92,200
Funds (expended)(112,026)(131,959)(110,976)(75,706)(23,847)
Excess of funds approved (expended)$ - $ - $ - $16,501$68,353
Funds advanced - HUD CFP Grants$112,026$131,959$110,976$17,993$ -
Funds (expended):
In prior years(112,026)(131,959)(25,352)(829)
In current year - - (85,624)(74,877)(23,847)
Excess of funds advanced (expended)$ - $ - $ - ($57,713)($23,847)
211
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212