HomeMy WebLinkAbout1964 Financial Statements. I
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
FINANCIAL STATEMENTS
DECEMBER 31, 1964
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CITY OF-COLUMBIA HEIGHTS, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
YEAR ENDED DECEMBER 31, 1964
Elected
Mayor - Warren A. Armstrong
Councilmen
William Land
Joseph J. Orendor£f
Robert G. King
Bruce Nawrocki
Municipal Judge - Joseph E. Wargo
Appointed
City Manager - Malcolm 0. Watson
Treasurer - Rosella C. Lawson
Attorney - Steward F. Kvalheim
Engineer - George F. Brown
*First Monday after the first Thursday of July.
Term of office
expiration
date*
1965
1967
1967
1965
1965
1969
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE.OF CONTENTS
Page
Independent certified public accountants' opinion 1
Comments 2
Balance sheet - all funds 6
Administration and special revenue funds
Balance sheets
10
Administration Fund
Analysis of changes in unappropriated surplus
14
Statement of revenue - actual compared with budget estimates
15
Statement of expenditures - actual compared with budget estimates
17
Police and Court Fund
Analysis of changes in unappropriated surplus
.19
Statement of revenue - actual compared with budget estimates
19
Statement of expenditures - actual compared with budget estimates
20
Fire Department Fund
Analysis of changes in unappropriated surplus
21
Statement of revenue - actual compared with budget estimates
21
Statement of expenditures - actual compared with budget estimates
22
Civil Defense Fund
Analysis of changes in unappropriated surplus
23
Statement of revenue - actual compared with budget estimates
23
Statement of expenditures - actual compared with budget estimates
24
Street Department Fund
Analysis of changes in unappropriated surplus
24
Statement of revenue - actual compared with budget estimates
25
Statement of expenditures - actual compared with budget estimates
25
State Aid Funds
Statements of cash receipts and disbursements
26
Bonds payable
27
Debt service requirements
27
Recreation Fund
Analysis of changes in unappropriated surplus
28
Statement of revenue - actual compared with budget estimates
28
Statement of expenditures - actual compared with budget estimates
29
Park Fund
Analysis of changes in unappropriated surplus
30
Statement of revenue - actual compared with budget estimates
30
Statement of expenditures - actual compared with budget estimates
31
Library Fund
Analysis of changes in unappropriated surplus
32
Statement of revenue - actual compared with budget estimates
32
Statement of expenditures - actual compared with budget estimates
33
Statements of cash receipts and disbursements
Band Fund
34
Building Fund
34
Storm Sewer Construction Fund
35
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS (CONTINUED)
p Se
Park Construction Bond Fund
Balance sheet 36
Statement of cash receipts and disbursements 36
Permanent Improvement Revolving Fund
Balance sheet 37
Statement of cash receipts and disbursements 38
General Debt Service Fund
Balance sheet 39
Statements of cash receipts and disbursements
Permanent Improvement Revolving Fund Bonds Account 40
Municipal Building Bonds of 1959 Account 40
Park Bonds of 1962 Account 40
Bonds payable 41
Debt service requirements 43
Municipal Liquor Operating Fund
Balance sheet
45
Statement
of
income and retained earnings
46
Statement
of
operating expenses
47
Statement
of
operating income for individual stores
48
Statement
of
operating expenses for individual stores
50
Municipal Liquor Debt Service Fund
Balance sheet 52
Statement of cash receipts and disbursements 52
Bonds payable 53
Debt service requirements 53
Water and sewer utilities operating funds
]Balance sheets 54
Statement of income and fund balance
Water Utility Operating Fund 55
Sewer Utility Operating Fund 56
Miscellaneous information
Statement of cash 57
Statement of United States Government securities placed in escrow
by depository banks for the safeguarding of City funds 57
Summary statement of cash receipts and disbursements 58
Investment in City of Columbia Heights bonds 60
Accounts receivable from the State of Minnesota 60
Debt service requirements - all funds 61
Assessed valuations, tax levies and mill rates 62
Insurance coverage 63
Employees surety bonds 65
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GEORGE M. HAN5EN COMPANY
Certified Public Accountants
8801 EXCELSIOR BLVD.
MINNEAPOLIS 16. MINNESOTA
WALNUT 7 -8709
June 8, 1965
To the City Council of
Columbia heights, Minnesota
We have examined the accompanying financial statements of the City of Columbia
Heights, Minnesota for the year ended December 31, 1964. Except as indicated in
the following paragraph, our examination was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary.
' We are unable to include a statement of general fixed assets in this report
because the City has not kept records of general fixed assets. In addition, the
City does not maintain records of utility fixed assets. Conseuqently, balance
sheets for the utility operating funds do not include fixed assets and depre-
ciation thereon is not shown as on operating expense. Because of this we are
unable to express an opinion on the financial statements of the utility operating
-funds of the City. However, as far as our examination extended, transactions of
' these funds were found to have been properly recorded.
On January 1, 1964 the City changed from the accrual basis of accounting on all
' funds, except the Municipal Liquor Operating Fund and the water and sewer utilities
operating funds, to the modified cash basis whereby revenues are recorded when
actually received and expenses are recorded as the liability is incurred.
1 In our opinion the accompanying statements, subject to the comments above relating
to general fixed assets and the utility operating funds, present fairly the
financial position of the respective funds of the City of Columbia Heights, Minnesota
at December 31, 1964 and the results of their operations for the year then ended, in
conformity with generally accepted accounting principles.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMMENTS
The City of Columbia Heights operates under a home rule charter adopted June 9,
1921 as amended. The form of government established by this charter is known as
the "Council- Manager Plan." The City Manager, who is appointed by the Council,
is the chief administrative officer of the City and is responsible to the Council
for the proper administration of all affairs relating to the City. The Council
is elected by popular vote and consists of five members including the Mayor, who
is the presiding officer.
The following comments explain the purposes of the respective City funds and give
pertinent information concerning operations, revenues, expenditures and other
significant matters.
Administration Fund
The Administration Fund is used to account for all revenues, and the activities
financed by them, which are not accounted for in some special fund. The principal
sources of revenue are (1) general property taxes, (2) licenses and permits,
(3) shared State taxes (liquor and cigarette) and (4) garbage collection service
charges. Expenditures are for (1) general administration, (2) protective inspec-
tion (building, heating, electrical, health, plumbing, etc.), (3) garbage
collection, (4) transfers to General Debt Service Fund (Municipal Building Bonds
of 1959 Account) for debt retirement and (5) other functions. Several functions
ordinarily included as a part of an administration or general fund are accounted
for separately in special revenue funds by the City of Columbia Heights.
Special Revenue Funds
Special revenue funds are established to account for taxes and other revenues
(except special assessments) set aside for a particular purpose. The City of
Columbia Heights has fourteen funds of this nature. Following are brief
descriptions of each.
Police and Court Fund - This fund accounts for the operations of the Police
Department and Municipal Court. The principal sources of revenue for this fund
are general property taxes, fines and shared State taxes (liquor and cigarette).
Fire Department Fund - The operations of the Fire.Department are accounted for in 1
this fund. Financing is provided by transfers from the Municipal Liquor Oper-
ating Fund, general property taxes and a portion of the liquor and cigarette tax
apportionments from the State of Minnesota.
Civil Defense Fund - This fund was established to account for civil defense
expenditures. Portions of these expenditures are reimbursed by the Federal
Government through the State Department of Civil Defense. A general property tax
levy finances the City's share of these costs.
3
' Street Department Fund - The purpose of this fund is to account for operations
of the Street Department having to do with construction and maintenance of all
' City streets except State designated streets which is handled in separate State
aid funds. The main sources of revenue are general property taxes, shared
State taxes (liquor and cigarette), and transfers from the Municipal Liquor
Operating Fund.
1 State Aid Maintenance Fund - Gasoline tax collections apportioned by the City
from the State of Minnesota for street maintenance are accounted for in this
fund. A portion of each year's allotment is allocated to pay interest on State
aid bonded indebtedness. Unused portions of State aid maintenance apportion -
ments are being transferred to the State Aid Construction Fund,
State Aid Construction Fund - Gasoline tax collections apportioned to the City
from the State of Minnesota for street construction are accounted for in this
fund. A portion of allotments is pledged to pay State aid bonds as they mature.
State Aid Debt Service Fund - This fund was established to account for debt
service on $120,000 State aid bonds issued January 1, 1963. Allocations are made
from gasoline tax, street construction and maintenance allotments to pay bonds
and interest thereon, respectively.
Recreation Fund - This fund accounts for the City recreation program which is
carried on in cooperation with Independent School District No. 13 under the
direction of a five member board.
' Park Fund - The purpose of this fund is to account for the acquisition, improve-
ment, maintenance and operation of park and playground facilities. The Park
Fund is financed primarily by a general property tax levy and transfers from the
Municipal Liquor Operating Fund. Additional revenue is derived from canteen
' receipts and rental of certain park facilities.
Library Fund - The operations of the public library are supported by a general
' property tax levy.
Band Fund - All monies levied or appropriated for band entertainment are ac-
counted for in this fund.
Mayor's Contingent Fund - This fund was established to account for payment of
miscellaneous City promotion expenses incurred by the Mayor.
Building Fund - The building Fund is used to account for acquisitions, improve-
ments and sales of land and buildings not accounted for in other funds.
Storm Sewer Construction Fund - The cost of constructing storm sewer drainage
facilities in various areas of the City is accounted for in this fund. The
financing provided has been derived primarily from general property taxes and
transfers from the Municipal Liquor or Sewer Utility Operating Fund, Storm
Sewer Bonds of 1964 were issued December 1, 1964 in the amount of $350,000.
The proceeds from the sale of these bonds were not received until January 1965.
The amount of the bond issue is shown as a receivable of this fund.
4
Park Construction Bond Fund
On February 1, 1962 Park Bonds were issued in the amount of $325,000 for the
acquisition of land and development of park and playground facilities. A
separate account in the General Debt Service Fund has been established to handle
debt service for this bond issue.
Permanent Improvement Revolving Fund
The Permanent Improvement Revolving Fund is used to account for special assess-
ments levied to finance improvements or services deemed to benefit the properties
against which the assessments are levied. Primarily, the transactions accounted
for in this fund are (1) receipt of bond proceeds, (2) disbursement of bond pro-
ceeds for construction work done, (3) collection of assessments against benefited
property and (4) disbursement of assessment collections to the General Debt
Service Fund (Permanent Improvement Revolving Fund Bonds Account) for payment of
bonds and interest.
Note that the amount of deferred special assessments represents principal only.
The City computes interest annually to be collected with current installments.
General Debt Service Fund
General debt service funds are used to account for the accumulation of resources
for payment of general obligation bonds or other indebtedness and interest thereon.
The General Debt Service Fund of the City of Columbia Heights has been divided into
four accounts. Following is a brief description of each.
Permanent Improvement Revolving Fund Bonds Account - This account is used for the
payment of bonds and interest of all Permanent Improvement Revolving Fund Bonds.
Municipal Building Bonds of 1959 Account - This account was established to handle
debt service for the Municipal Building Bonds issued June 1, 1959. A tax levy
to pay these bonds and applicable interest is collected in the Administration
Fund and subsequently transferred to this account.
Park Bonds of 1962 Account - Debt retirement (bonds and interest) of general
obligation bonds in the amount of $325,000 issued February 1, 1962 is being ac-
counted for in this account. General property taxes are beifag collected in the
Park Fund to provide the money required.
Storm Sewer Bonds of 1964 Account - This account was established during 1964 to
handle the debt retirement of the $350,000 issue of Storm Sewer Bonds of 1964.
Municipal Liquor Operating Fund
This fund was established to account for the operation of the City owned liquor
stores. Prior year amounts are shown on the balance sheet and statement of in-
come and retained earnings for purposes of comparison. Percentages and detailed
statements by stores are included as additional aids in reviewing results of
operations.
G�
Municipal Liquor Debt Service Fund
This fund accounts for the accumulation of resources for payment of Municipal
Building Bonds dated December 1, 1956 and interest thereon. Revenue of the
Municipal Liquor Operating Fund was pledged to the retirement of these bonds,
Accordingly, transfers are being made from the Municipal Liquor Operating Fund
to meet debt service requirements.
Water and Sewer Utilities Operating Funds
These funds account for the operations of the City owned water, sanitary sewer
and storm sewer systems. It should be noted that fixed assets of these utilities
are not included on the balance sheet and depreciation thereof is not shown as an
operating expense since the City does not maintain fixed asset ledgers for the
utility systems,
General
A statement of General Fixed Assets has not been included in this report since
general fixed asset records are not maintained.
The financial statements which follow have been prepared to set forth (1) in-
dividual fund balance sheets. (2) analysis of changes in unappropriated surplus,
(3) revenue - actual compared with budget estimates, (4) expenditures - actual
compared with budget estimates and (5) other information.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS
DECEMBER 31, 1964-
Adminis-
tration
and special
revenue
funds
Combined
(Page 101
ASSETS
Cash
$ 396,226
$(239,656)
Cash with fiscal agents
89,185
13,410
Investments, at cost
City of Columbia Heights bonds (Page 60)
44,645
Emergency Debt Certificates (Other City funds)
112,210
Accounts receivable
Other City funds
49,692
26,754
State of Minnesota (Page 60)
81,961
81,961
Proceeds from sale of bonds
350,000
350,000
Other
108,579
14,295
Accrued interest receivable
8,821
Taxes receivable
Delinquent
25,644
24,421
Deferred
2,839,570
Special assessments receivable
Delinquent
205,983
Deferred (principal only)
1,010,297
Inventories, at cost
87,510
Prepaid expenses
1,413
Unassessed costs
243,921
Amounts to be provided by future revenues
335,303
252,749
Fixed Assets (Municipal Liquor Operating Fund only)p,
at cost less accumulated depreciation
225,097
Total assets
$6,216,057
523,934
rl
Park Con-
Permanent
General
Public
struction
Improvement
Debt
utilities
Bond
Revolving
Service
_Municipal
liquor funds
operating
Fund
Fund
Fund
Operating
Debt service
funds
(Page 36 )
-(Page 37 )
(Page 39 )
(Page
(Page 52)
(Page 5&)
$( 585)
$ 157,996
$ 382,199
$ 15,872
$ 15,574
$ 64,826
75,775
44,645
79,610
32,600
22,191
747
32,801
61,483
3,759
5,062
553
670
2,839,570
205,983
1,010,297
83,398
4,112
1,413
243,921
42,172
40,382
225,097
41 587
$1,757,111
$3,420,980
325 780
$ 15,574
$131,091
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS (CONTINUED)
DECEMBER 31, 1964
Adminis-
tration
and special
revenue
funds
Combined (Page 10)
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Accounts payable
Other City funds
$ 49,692
$ 22,221
Public Employees' Retirement Association
53,400
37,022
City of Minneapolis, Minnesota
31,402
Other
55,919
20,922
Accrued interest payable
2,570
1,592
Accrued wages payable
25,009
16,955
Emergency Debt Certificates (Other City funds)
112,210
79,610
Contracts payable
5,600
Retained percentage on contracts
7,639
3,546
Deposits
14,863
Special assessments payable
69,916
64,428
Bonded indebtedness
Matured bonds and interest
22,155
Future maturities
Bonds (Pages 27, 42 and 53)
3,023,000
108,000
Interest
482,897
13,182
Reserves for
Encumbrances
2,112
2,112
Payment of general obligation bonds and interest
shown as liabilities of the General Debt
Service Fund (Permanent Improvement Revolving
Fund Bonds Account)
1,725;430
Unrealized revenue
67,490
67,490
Payment
24,333
Unencumbered appropriation balance
150,858
150,858
Retained earnings
269,364
Unappropriated surplus (deficit)
(58,800)
(64,004)
Fund balance
78,998
Total liabilitiesa reserves and surplus
$6,216,057
523,934
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Park Con-
Permanent
General
Public
struction
Improvement
Debt
utilities
Bond
Revolving
Service
Municipal liquor funds operating
Fund
Fund
Fund
Operating Debt service funds
(Page 36)
(Page 37)
(Page 39
(Page 45) (Page 52 Pa e' 54
1,725,430
22,155
2,905,000 $ 109000
469,345 370
24,333
269,364
5,204
78,998
41 587 $1,757,111 $39420,980 325 780 15,574 $131,091
P]
$ 14,319 $
147 $ 12,682
$ 323
10,201
6,177
31,402
501
28,268
6,228
$ 978
334
5,172
2,548
32,600
5,600
2,409
1,664
20
14,863
93
5,395
1,725,430
22,155
2,905,000 $ 109000
469,345 370
24,333
269,364
5,204
78,998
41 587 $1,757,111 $39420,980 325 780 15,574 $131,091
P]
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS
BALANCE SHEETS - DECEMBER 31, 1964
Adminis-
tration
Combined
Fund
ASSETS
Cash
$(239,656)
$ 3,228
Cash with fiscal agents
13,410
Accounts receivable
Other City funds
Permanent Improvement -Revolving Fund
13,602
Permanent Improvement Revolving Fund Bonds Account
147
Municipal Liquor Operating Fund
12,682
12,682
Water Utility Operating Fund
323
323
State of Minnesota (Page 60)
81,961
6,046
Proceeds from sale of bonds
350,000
Other
14,295
10,885
Delinquent taxes receivable
24,421
3,716
Amounts to be provided for
Debt retirement
106,505
State aid construction
44,794
Payment of special assessments
64,428
9,138
Public Employees' Retirement Association Contribution
37,022
29,980
Total assets
523 934
75,998
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Accounts payable
Other City funds
Permanent Improvement Revolving Fund
$ 22,191
Permanent Improvement Revolving Fund
Bands Account
30
Public Employees' Retirement Association
37,022
$ 29,980
Other
20,922
6,224
Accrued interest payable
1,592
Accrued wages payable
16,955
3,105
Emergency Debt Certificate
79,610
Retained percentage on contracts
3,546
102
Special assessments payable
64,428
9,138
Bonded indebtedness - future maturities
Bonds (Page 27 )
108,000
Interest
13,182
Reserves for
Encumbrances
2,112
Unrealized revenue
67,490
20,647
Unencumbered appropriation balance
150,858
Unappropriated surplus (deficit)
(64,004)
6,802
Total liabilities, reserves and surplus
523 934
75,998
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Police
Fire
Civil
Street
State Aid funds
and Court
Department
Defense
Department
Main- "Con- Debt
Fund
Fund
Fund
Fund
tenance struction service
$ 40,391
$(11,661)
$ 10,981
$(66,485)
$ 10,819 $(949749) $ 1,248
13,410
147
6,595 6,046 1,025 9,892 52,357
166 2,737
5,283 2,458 404 5,229
106,505
44,794
6,557 485
52 435 3 400 12,895 48 627) $ 10,819 $ 2,402 $121,310
$ 6,557 $ 485
$ 877 1,059 11 $ 4,573 $ 3
4,104 2,130 145 4,146 117
$ 1,096 2,282
$ 30
108,000
13,182
12,044
8,504
1,429
17,858
35,410
(14,850)
10,825
(75,204) 9,723 98
52 435
3,400
12,895
$(48,627) 10 819 2 402 $121,310
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS (CONTINUED)
BALANCE SHEETS - DECEMBER 31, 1964
Recreation
Fund
ASSETS
Cash $ 1,143
Accounts receivable
Permanent Improvement Revolving Fund
Proceeds from sale of bonds
Other
Delinquent taxes receivable 505
Amount to be provided for payment of special assessments
Total assets 1 648
LIABILITIES AND SURPLUS
Liabilities
Accounts payable
Permanent Improvement Revolving Fund
Other
Accrued interest payable
Accrued wages payable $ 527
Emergency Debt Certificate
Retained percentage on contracts
Special assessments payable
Reserves for
Encumbrances
Unrealized revenue 505
Unencumbered appropriation balance
Unappropriated surplus (deficit) 616
Total liabilities and surplus 1__11_648
t
t
t
1
1
1
1
1
$ 22,191
$ 2,300 $ 2,815 31%060
1,592
2,206 423 52
79,610
66
55,247 43
$ 2,112
5,426 1,077
20,122 130,736
(31,151) 6,563) 134 156
34 028 2,205) 134 $ 156 $ 22,234 $ 237,307
13
Mayor's
Storm Sewer
Park
Library
Hand
Contingent
Building
Construction
Fund
Fund
Fund
Fund
Fund
Fund
$(26,645)
$( 3,325)
$ 134
$ 156
$ 22,234
$(127,125)
13,602
350,000
466
41
4,960
1,036
830
55,247
43
$ 34,028
$ (2 205)
$ 134
$ 156
$ 22,234
237 307
$ 22,191
$ 2,300 $ 2,815 31%060
1,592
2,206 423 52
79,610
66
55,247 43
$ 2,112
5,426 1,077
20,122 130,736
(31,151) 6,563) 134 156
34 028 2,205) 134 $ 156 $ 22,234 $ 237,307
13
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 319 1964
Actual
over
Budget (under)
Actual estimates estimates
Unappropriated surplus January 1, 1964
before adjustments
$ 9,163
Adjustments
1. To set up reserve for unrealized
revenue as of January 1, 1964 and
account for revenue on a modified
cash basis.
(21,212)
2. To set up amount to be provided for
payment of Public Employees' Retire-
ment Association contribution. (Under
City budgeting procedure this is con-
sidered as an expense when paid)
66,100
Unappropriated surplus January 1, 1964
after adjustments
$ 54,051
$ 54,0511
Add - Revenue (Page 16)
198,797
213,482
$(14,685)
Total beginning balance and revenue
$252,848
$267,533
$(14,685)
Deduct - Expenditures (Page 18)
246,046
236,983
9,063
Unappropriated surplus December 31, 1964
6,,802
30,550
$(23,748)
CI'
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t
1
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget
(under)
Actual
estimates
estimates
General property taxes (including bank excise
tax and forfeited tax sale apportionments)
levied for
Public Employees' Retirement Association
$ 7,414
$ 6,501
$ 913
Other
57,018
56,757
261
Total general property taxes
$64,432
$63,258
1,174
Licenses and permits
Business
Amusement devices
$ 740
$ 1,000
$( 260)
Beer
1,120
1,500
( 380)
Bowling alley
85
85
Cigarette
1,539
800
739
General Contractors
6,750
2,500
4,250
Electrician
1,195
1,000
195
Gas station
1,160
1,000
160
Heating
935
1,000
( 65)
Ice station
10
( 10)
Plumbing
1,600
1,500
100
Restaurant
587
200
387
Retail sales
230
150
80
Rubbish
55
50
5
Scavenger
50
50
Solicitor
85
100
( 15)
Taxi
80
60
20
Theater
400
250
150
Used car lot
107
100
7
Vending machine
1,438
500
938
Nonbusiness
Bicycle
356
220
136
Building
10,834
11,000
( 166)
Dog
1,004
1,300
( 296)
Electric
6,151
7,000
( 849)
Heating
6,756
7,000
( 244)
Plumbing
4,939
6,000
(1,061)
Sewer
3,774
3,500
274
Special use
150
200
( 50)
Miscellaneous
262
500
238)
Total licenses and permits
$52,382
$48,575
3,807
Rents
600
600
Revenue from other agencies
Shared State taxes - Cigarette and liquor
$11,090
$11,000
$ 90
Mortgage registry
_ 5,575_
5,575
Total revenue from other agencies
$16,665
$11,000,
$ 5,665
16
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1964 .
Charges for current services
Administration
Filing fees
Rezoning petitions
Other
Garbage collection
Animal control
Pound fees
Board and pick up
Parking meter collections
Water inspections
Sewer stub connections
Total charges for current services
Other
Refunds and reimbursements
Coffee break supplies
Salary reimbursements from other
City funds
Other
Transfer from Municipal Liquor Operating
Fund
Total other
Total revenue
Actual
over
Budget (under)
Actual estimates estimates
198 797 $213,482 14,685)
$ 10
$( 10)
$ 105
200
( 95)
1,021
1,000
21
53,097
502000
3,097
310
350
( 40)
237
250
( 13)
4,252
4,500
( 248)
1,250
1,000
250
22
100
( 78)
60 294
57,410
2,884
$ 197
$ 150
$`; 47
3,386
17,239
(13,853)
841
500
341
14,750
(1750)
4-424
32,639
$(28,215)
198 797 $213,482 14,685)
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17
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 88,205
$115,868
$(27,663)
Extra salaries
2,666
2,600
66
Dog catcher (contract)
3,440
3,600
(
160)
City Attorney (retainer fee)
7,200
7,200
Inspection fees
Electrical
4,630
4,000
630
Health
2,190
2,190
Heating
4,892
5,000
(
108)
Plumbing
2,268
2,268
Election expenses.
Salaries
3,320
2,600
720
Supplies and expenses
928
400
528
Garbage collection
Contractual
42,075
40,531
1,544
Administrative expenses
1,064
1,100
(
36)
Salaries
2,760
3,000
(
240)
Parking meter expenses -
Salaries
1,781
2,500
(
719)
Repairs
278
278
Insurance
4
30
(
26)
Parking survey
200
(
200)
Parking lot expenses
Land lease and purchase
3,476
3,476
Supplies and miscellaneous
1,210
100
1,110
Salaries
556
400
156
Travel expense - schools
285
500
(
215)
Office supplies
1,979
3,000
(
1,021)
Postage
463
500
(
37)
Printing
803
3,000
(
2,197)
Engineering supplies
384
700
(
316)
Water and sewer charges
27
35
(
8)
Equipment repair and maintenance
1,319
1,000
319
Building expenses
750
500
250
Building supplies and service
1,947
1,600
347
Telephone
2,344
2,500
(
156)
Light and power
700
600
100
Fuel
376
600
(
224)
Insurance
1,013
1,200
(
187)
Audit
1,400
1,500
(
100)
Subscriptions, dues and memberships
1,010
800
210
Miscellaneous
148
100
48
Refunds
411
150
261
Car allowances
899
1,200
(
301)
18
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget
(under)
Actual
estimates
estimates
Pop machine supplies
$ 116
$ 100
$ 16
Water cooler supplies
197
500
( 303)
Board of Equalization
8
5
3
Settlements
100
( 100)
Special census
1,720
1,720
Engineering fees
1,386
1,386
Gopher bounty
1
3
( 2)
Contract service
15
200
( 185)
Special assessments
1,552
2,460
( 908)
Public Employees' Retirement Association
contributions
36,289
6,501
29,788
Capital outlay
Office machines
680
2,500
( 1,820)
Other furniture or fixtures
506
1,000
( 494)
Transfer to General Debt Service Fund
14 L375
15,000
625)
Total expenditures
246 046
236 983
9,063
' 19
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
' YEAR ENDED DECEMBER 31, 1964
1 Ac tual
over
Budget
(under)
Actual
estimates
estimates
Unappropriated surplus January 1, 1964
before adjustment
$ 43,405
Adjustment to set up reserve for unrealized
revenue as of January 1, 1964 and account
for revenue on a modified cash basis
_(11,680)
Unappropriated surplus January 1, 1964
after adjustment
$ 31,725
$ 31,725
Add - Revenue (see below)
158,257
161,619
3,362)
'
Total beginning balance and revenue
$189,982
$193,344
$( 3,362)
Deduct_ - Expenditures (Page 20 )
154,572
161,619
7,047)
'
Unappropriated surplus December 31, 1964
35 410
31 725
3,685
'
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER
31, 1964
'
General property taxes (including bank excise
tax and forfeited tax sale apportionments)
levied for
Police Relief Association
$ 8,260
.$ 8,850
$( 590)
Other
_105,075
_104,405
670
Total general property taxes
$113,335
$113,255
$ 80
Fines and forfeitures
Municipal Court
28,903
27,450
1,453
Parking meter fines
380
10
370
Driver license fees and court cost
reimbursements
59
154
( 95)
Shared State taxes - cigarette and liquor
12,098
12,000
98
1
Paper service fees
Refunds and reimbursements
399
1,923
400
600
( 1)
1,323
Miscellaneous
1,160
500
660
Transfer from Municipal Liquor Operating Fund
7,250
J 7,250)
'
Total
revenue
1158 257
jj§L619
3,362)
RE
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Ac tual
over
Budget
(under)
Actual
estimates
estimates
Municipal Court
Regular salaries
$ 10,725
$ 11,031
$(
306)
Extra salaries
625
500
125
Jury duty
579
750
(
171)
Office supplies
210
300
(
90)
Postage
74
100
(
26)
Water and sewer charges
9
10
(
1)
Repairs and maintenance
58
200
(
142)
Building supplies and service
371
450
(
79)
Telephone
360
360
Light and power
206
200
6
Fuel
104
140
(
36)
Insurance
18
80
(
62)
Audit
300
300
Prisoner care
14
400
(
386)
Miscellaneous
28
28
Public Employees' Retirement Association
contributions
336
318
18
Capital outlay - Furniture and fixtures
72
225
(
153)
Police department
Regular salaries
107,832
108,928
(
1,096)
Holiday pay
4,199
3,897
302
Extra salaries
783
1,000
(
217)
Travel, dues and subscriptions
474
500
(
26)
Office supplies
227
750
(
523)
Postage
42
100
(
58)
Miscellaneous
240
400
(
160)
Patrol car operation
1,805
2,500
(
695)
Water and sewer charges
26
30
(
4)
Station supplies
1,124
2,000
(
876)
Equipment repairs and maintenance
184
300
(
116)
Building repairs and expense
370
2,400
(
2,030)
Building supplies and service
935
1,200
(
265)
Uniform items
113
20
93
Telephone
1,519
1,700
(
181)
Light and power
549
400
149
Fuel
448
400
48
Prisoner care
96
500
(
404)
Drunkometer test
80
80
Rent
1,260
1,260
Patrol car repairs
3,043
3,500
(
457)
Insurance
2,950
2,100
850
Radio service
436
500
(
64)
Audit
500
400
100
Miscellaneous
177
380
(
203)
Police Relief Association (general property
taxes collected)
8,260
8,850
(
590)
Furniture and fixtures
86
86
Equipment
2,725
3,500
775)
Total expenditures
154 572
$161,619
7,047)
1 21
CITY OF COLUMBIA.HEIGHTS, MINNESOTA
FIRE DEPARTMENT FUND
ANALYSIS OF CHANGES IN,UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1964
1
Ac tual
levied for
over
Actual
Budget
estimates
(under)
estimates
$( 669)
Unappropriated surplus January 1, 1964
67,424
68,988
1,564)
Total general property taxes
before adjustment
$ 1,899
$( 2,233)
Shared State taxes
Adjustment to set up reserve for unrealized
Cigarette and liquor
11,090
11,000
revenue as of January 1, 1964 and account
Insurance premium
4,098
4,000
98
for revenue on a modified cash basis
6,239)
250
Insurance premium refunds
Unappropriated surplus January 1, 1964
1,000
1,206
Miscellaneous
1
after adjustment
$( 49340)
$( 4,340)
7,750
7,750
Add - Revenue (see below)
101,033
101,588
555
'
Total beginning balance and revenue
$ 96,693
$ 97,248
$ 555
Deduct - Expenditures (Page 22 )
111,543
101,588
9,955
'
Unappropriated surplus December 31, 1964
14 850)
4 340)
10,510)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
General property taxes (including bank excise
tax and forfeited tax sale apportionments)
levied for
Firemen's Relief Association
$ 8,181
$ 8,850
$( 669)
Other
67,424
68,988
1,564)
Total general property taxes
$ 75,605
$ 77,838
$( 2,233)
Shared State taxes
Cigarette and liquor
11,090
11,000
90
Insurance premium
4,098
4,000
98
Fire calls
250
250
Insurance premium refunds
2,206
1,000
1,206
Miscellaneous
34
34
Transfers from Municipal Liquor Operating hand
7,750
7,750
Total revenue
$101,033
$101,588
$ 555
22
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIRE DEPARTMENT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget
(under)
Actual
estimated
estimates
Regular salaries
$ 62,042
$ 61,525
$ 517
Holiday pay
2,562
2,425
137
Extra salaries
198
100
98
Fire calls
9,816
5,000
4,816
Standby charges
80
( 80)
Travel and schools
362
400
( 38)
Membership dues
122
200
( 78)
Water and sewer charges
53
60
( 7)
Laundry
126
100
26
Supplies
350
600
( 250)
Equipment
5,102
3,500
1,602
Furniture and fixtures
95
20
75
Hydrant rental
4,000
4,000
Telephone
1,940
1,660
280
Light and power
893
550
343
Fuel
607
700
( 93)
Building repairs and maintenance
295
2,200
( 1,905)
Cylinder rental
276
280
( 4)
Equipment repairs and maintenance
981
800
181
Building improvements
158
100
58
Radio service
251
840
( 589)
Insurance
3,567
29200
1,367
Audit
400
300
100
Miscellaneous
110
140
( 30)
Columbia Heights Firemen's Relief Association
(general property and insurance premium taxes
collected)
12,279
8,850
3,429
Public Employees' Retirement Association
contributions
4,958
4,958
Total expenditures
ILIL543
$101,588
.9,955
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i
i
23
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CIVIL DEFENSE FUND
ANALYSIS OF CHARGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget (under)
Actual estimates estimates
Unappropriated surplus January 1, 1964
before adjustments
$ 10,421
Adjustments
to To set up reserve for unrealized revenue
as of January 1, 1964 and thereby account
for revenue on a modified cash basis
( 2,374)
2. To set up amount to be provided for pay -
ment of Public Employees' Retirement
Association contribution (under City
budgeting procedure this is considered
as an expense when paid).
505
Unappropriated surplus January 1, 1964
after adjustments
$ 8,552
$ 8,552
Add - Revenue (see below)
14,219
14,069
150
Total beginning balance and revenue
$ 22,771
$ 22,621
$ 150
Deduct - Expenditures (Page 24)
_ 11,946
14,069
2,123)
Unappropriated surplus December 31, 1964
10,825
8,552
2,273
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31,.1964
General property taxes (including bank excise
tax and forfeited tax sale apportionments) $ 8,837 $ 8,897 $( 60)
Federal aid 5,095 5,000 95
Insurance refund _ 287 172 115
Total revenue 14 219 14,069 $ 150
24
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CIVIL DEFENSE FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
STREET DEPARTMENT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1964
Unappropriated surplus January 1, 1964
before adjustment $(36,287)
Adjustment to set up reserve for unrealized
revenue as of January 1, 1964 and account
for revenue on a modified cash basis. --(25,273)
Unappropriated surplus January 1, 1964
after adjustment 61,560) $(61,560)
Additions
Revenue (Page 25)
$190,254
$200,809
Actual
Reserve for encumbrances December 31, 1964
1,430
over
Total additions
$191,684
Budget
(under)
Total beginning balance and additions
Actual
estimates
estimates
Regular salaries
$ 5,695
$ 5,680
$ 15
Extra salaries
485
900
( 415)
Travel and dues
404
690
( 286)
Office supplies and postage
274
600
( 326)
Equipment
2,858
3,000
( 142)
Equipment maintenance
69
442
( 373)
Radio Amateur Civil Emergency Service
775
( 775)
Telephone
270
250
20
Light and power - sirens
44
348
( 304)
Rent
600
600
Insurance
622
360
262
Miscellaneous expense
186
186
Audit
100
100
Public Employees' Retirement Association
contributions
339
324
15
Total expenditures
$ 11,946
$ 14,069
2,123)
STREET DEPARTMENT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1964
Unappropriated surplus January 1, 1964
before adjustment $(36,287)
Adjustment to set up reserve for unrealized
revenue as of January 1, 1964 and account
for revenue on a modified cash basis. --(25,273)
Unappropriated surplus January 1, 1964
after adjustment 61,560) $(61,560)
Additions
Revenue (Page 25)
$190,254
$200,809
$(10,555)
Reserve for encumbrances December 31, 1964
1,430
1,430
Total additions
$191,684
$200,809
9,125)
Total beginning balance and additions
$130,124
$139,249
$( 9,125)
Deduct - Expenditures (Page 25)
205,328
212,409
( 7,081)
Unappropriated surplus December 31, 1964
$ T5 204)
$(73,160)
2 044)
i
1 25
1 CITY OF COLUMBIA HEIGHTS, MINNESOTA
STREET DEPARTMENT FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
' YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget Budget
(under)
Actual
estimates
estimates
General property taxes (including bank excise
tax and forfeited tax sale apportionments)
$103,106
$1029309
$ 797
Shared State taxes - Cigarette and liquor
18,146
18,000
146
Equipment rental
31,712
24,000
7,712
Salary reimbursements from other City funds
5,340
35,000
(29,660)
Oil reimbursements from other City funds
1,072
1,072
Charges for labor and materials
3,165
3,165
Street repair deposits
914
1,000
( 86)
County street maintenance agreement
2,508
2,400
108
1
Insurance refunds
Other reimbursements
5,940
3,351
3,000
100
2,940
3,251
Transfers from Municipal Liquor Operating Fund
15,000
15,000
1
Total revenue
190 254
$200,809,
$(10,555)
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
1
YEAR ENDED DECEMBER
31, 1964
Regular salaries
$ 86,268
$102,617
$(16,349)
Extra salaries
5,881
12,955
( 7,074)
1
Equipment operations
6,891
6,000
891
Water and sewer charges
79
60
19
General supplies
1,668
1,000
668
Shop supplies and expense
1,710
1,500
210
1
Street signs
1,653
1,200
453
Street supplies and materials
25,401
15,000
10,401
Equipment repair and maintenance
7,465
6,000
1,465
1
Shop equipment repair
123
200
( 77)
Equipment
22,297
21,200
1,097
Equipment rental
5,172
2,000
3,172
Traffic control - Street marking
856
856
Telephone
304
300
4
Light and power
461
500
( 39)
Street lighting
20,511
21,500
( 989)
Traffic signals
1,930
2,400
( 470)
Fuel
514
700
( 186)
1
Insurance
Audit
6,819
400
8,500
400
( 1,681)
Miscellaneous
326
360
26
Traffic light maintenance
442
700
( 258)
1
Refund
100
100
Payment of claims
90
50
40
Tree removal
214
214
Public Employees' Retirement Association
1
contributions
7,753
7,327
426
1
Total expenditures
205 328
212.409
7,081)
26
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATE AID FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Debt
Maintenance Construction Service
Cash balance January 1, 1964 29,574 $(68,657) 1,383
Receipts
$ 1,819
$ 22,940
Shared State gasoline tax alloted for
Street maintenance
$ 11,115
1,341
Street construction
273
$ 77,151
Payment of bonds
5,384
40,061
$ 12,000
Payment of interest on bonds
2,831
22,751
2,676
Transfer from State Aid Maintenance Fund
6,363
17,507
(excess costs on completed projects)
1
6,558
Transfer from Permanent Improvement
375
Revolving Fund Bonds, fiscal agent's
2,318
service charges - to be reimbursed
125
67
30
Total receipts
.11 115
83,709
14,706
Total beginning cash and receipts
40,689
15.052
16,089
Disbursements
Regular salaries
$ 1,819
$ 22,940
Salary reimbursements to other City funds
Administration Fund
42
1,341
Street Department Fund
273
2,254
Material
5,384
40,061
Equipment rental
2,831
22,751
Contract payments
6,363
17,507
Engineering fees and expenses
1
40
Condemnation awards and easements
375
Extra construction costs
2,318
Miscellaneous
125
67
City's share of improvements (unassessed
Permanent Improvement Revolving Fund
project)
6,474
Transfer to State Aid Construction Fund
(excess costs on completed projects)
6,558
Transfer to Permanent Improvement Revolving
Fund Bonds Account
147
Bond maturities
$ 12,000
Interest on bonds
2,820
Fiscal agent's service charges
21
Total disbursements
29,870
$109,801
14,841
Cash balance December 31, 1964
10 819
$(94,749)
1__L,248
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27
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL STATE AID BONDS DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1964
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1964
Year
Issue
Interest
Maturity
1965
$ 14,676
date
rate
date
Principal
Municipal State Aid Street
2,388
1967
14,094
12,000
Bonds maturing
1968
13,794
12,000
1,794
$12,000 per year
1/1/63
2,40%
1/1/65 °66
$ 24,000
$12,000 per year
1/1/63
2050
1/1/67 -69
36,000
$12,000 per year
1/1/63
2.70
1/1/70 -71
24,000
$12,000 per year
l/l/63
2A0
1/1/72 -73
24,000
Total
121 182
108 000
13 182
$108,000
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1964
Year
Total
Principal
Interest
1965
$ 14,676
$ 12,000
$ 2,676
1966
14,388
12,000
2,388
1967
14,094
12,000
2,094
1968
13,794
12,000
1,794
1969
13,494
12,000
1,494
1970
13,182
12,000
1,182
1971
12,858
12,000
858
1972
12,522
12,000
522
1973
12,174
12,000
174
121 182
108 000
13 182
28
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER.31, 1964
Unappropriated surplus January 1, 1964
before adjustment
Adjustment to set up reserve for unrealized
revenue as of January 1, 1964 and account
for revenue on a modified cash basis
Unappropriated surplus January 1, 1964
after adjustment
Add - Revenue (see below)
Total beginning balance and revenue
Deduct - Expenditures (Page 29)
Unappropriated surplus December 31, 1964
Actual
$ 2,266
509 )
Actual
over
Budget (under)
estimates estimates
$ 1,757 $ 1,757
27,690 26,317 1,373
$ 29;447 $ 28,074 $ 1,373
28,831 26,317 2,514
616 1,757 1,141)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
General property taxes (including bank excise
tax and forfeited tax sale apportionments) $ 12,035 $ 12,000 $ 35
Contribution from Independent School District
No. 13 12,000 12,000
Recreation fees, donations, dance receipts, etc, 3,420 2,200 1,220
Insurance premium refund 235 117 118
Total revenue 27 690 26,317 1,373
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 7,882
$ 7,822
$ 60
Extra salaries
14,668
13,825
843
Police duty
230
100
130
Travel
125
( 125)
Office supplies
234
350
( 116)
Magazine and books
10
75
( 65)
Playground and preschool equipment and material
997
750
247
Athletic equipment, materials and trophies
1,025
800
225
Entry fees
80
( 80)
Miscellaneous equipment
9
50
( 41)
Telephone
300
300
Insurance
425
300
125
Audit
300
300
Dues
94
94
Miscellaneous expenses
430
175
255
Referee fees
1,545
600
945
Transportation
137
150
( 13)
Public Employees' Retirement Association
contributions
545
515
30
Total expenditures
28 831
26,317
2,514
30
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1964
Unappropriated surplus January 1, 1964
before adjustments
Adjustment to set up reserve for unrealized
revenue as of January 1, 1964 and account
for revenue on a modified cash basis
Unappropriated surplus January 1, 1964
after adjustments
Add - Revenue (see below)
Total beginning balance and revenue
Deduct - Expenditures (Page 31)
Unappropriated surplus December 31, 1964
Actual
$(44,948)
4,971)
Ac tual
over
Budget (under)
estimates estimates
$(49,919) $(49,919)
143,820
_144,474
654)
$ 93,901
$ 94,555
$( 654)
125052
144,474
(19,422)
31 151)
49 919)
18 768
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
General property taxes (including bank excise
tax and forfeited tax sale apportionments)
$121,388
$122,374
$(
986)
Revenue from the use of money and property
Hall rent
5,874
6,000
(
126)
Other rents
52
500
(
448)
Canteen
3,670
5,000
(
1,330)
Insurance premium refund
1,733
200
1,533
Miscellaneous
1,103
400
703
Transfer from Municipal Liquor Operating Fund
10,000
10,000
Total revenue
143 820
144 474
654)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Regular salaries
Extra salaries and overtime pay
Police duty
Travel, dues and licenses
Office supplies
Water and sewer charges
Canteen supplies
Laundry
Building supplies
Building repairs and maintenance
Miscellaneous building expenses
Bowling expenses
Telephone
Light and power
Fuel
Equipment repairs and maintenance
Insurance
Audit
Miscellaneous
Wading pool supplies
Skating rink expenses
Regular salaries
Maintenance
Refunds
Car allowance
Weed control
Regular salaries
Machinery and expenses
Appraisal, engineering and architect fees
Ball Park Lighting
Furniture and fixtures
Machinery equipment and tools
Building construction
Park improvements
Land purchased
Special assessments
Public Employees' Retirement Association
contributions
Transfer to General Debt Service Fund
31
Total expenditures $125,052 144 474 19,422)
Ac tual
over
Budget
(under)
Actual
estimates
estimates
$ 47,068
$ 50,491
$(
3,423)
5,907
225
5,682
160
150
10
60
50
10
59
50
9
379
400
(
21)
2,106
3,000
(
894)
38
75
(
37)
530
700
(
170)
1,023
800
223
33
150
(
117 )
22
260
(
238)
327
400
(
73)
953
1,600
(
647)
2,309
2,500
(
191)
2,011
1,200
811
2,184
2,300
(
116)
300
300
252
500
(
248)
285
285
3,994
4,000
(
6)
968
800
168
20
50
(
30)
177
200
(
23)
1,422
1,500
(
78)
181
200
(
19)
200
(
200)
276
250
26
202
50
152
6,533
7,750
(
1,217)
2,381
2,700
(
319)
7,463
109000
(
2,537)
6,250
8,000
(
1,750)
16,133
11,750
4,383
2,881
2,723
158
10,165
29,150
(18,985)
Total expenditures $125,052 144 474 19,422)
32
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget (under)
Actual estimates estimates
Unappropriated surplus January 1, 1964
before adjustment $( 3,478)
Adjustment to set up reserve for unrealized
revenue as of January 1,, 1964 and account
for revenue on a modified cash basis. 919)
Unappropriated surplus January 1, 1964
after adjustment $( 4,397) $( 4,397)
Add - Revenue (see below)
24,686
24,514
172
Total beginning balance and revenue
$ 20,289
$ 20,117
$ 172
Deduct - Expenditures (Page 33)
26,852
24,514
2,338
Unappropriated surplus December 31, 1964
6 563)
§L_4 1397)
2 166)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
General property taxes (including bank excise
tax and forfeited tax sale apportionments) $ 23,833 $ 23,964 $( 131)
Fines 779 500 279
Donations 29 29
Insurance premium refunds 45 50 5)
Total revenue 24,686 24 514 172
33
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1964
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 8,455
$ 9,000
$( 545)
Extra salaries
4,659
4,000
659
Water and sewer charges
22
30
( 8)
Books and magazines
8,343
6,643
1,700
Supplies
823
600
223
Postage
15
10
5
Building and equipment repair and maintenance
352
500
( 148)
Building supplies and service
564
500
64
Telephone
205
200
5
Light and power
449
400
49
Fuel
459
700
( 241)
Insurance
97
130
( 33)
Audit
150
150
Travel and dues
34
100
( 66)
Miscellaneous
109
200
( 91)
Public Employees` Retirement Association
contributions
901
851
50
Furniture and fixtures
1,215
500
715
Total expenditures
26 852
JI& 514
2,338
34
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BAND FUND
STATEMENTS OF.CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Cash balance January 1, 1964 $ 89
Receipts
Transfers from the Municipal Liquor Operating Fund $ 1,000
Miscellaneous 17
Total receipts 1,017
Total beginning cash and receipts $ 1,106
Disbursements
Band services $ 622
Transportation 180
Supplies 132
Auditorium rental ` 3$
Total disbursements 972
Cash balance December 31, 1964 134
BUILDING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Cash balance January 1, 1964 $23,064
Receipts - Sale of land 50
Total beginning cash and receipts $23,114
Disbursements
Appraisal fees $ 95
Miscellaneous 4
Land 200
Platting costs 581
Total disbursements 880
Cash balance December 31, 1964 22 234
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER CONSTRUCTION FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Cash balance January 1, 1964
Receipts
General property taxes (including bank excise tax
and forfeited tax sale apportionments) levied for
storm sewer bonds (due to Permanent Improvement
Revolving Fund)
Proceeds from sale of Emergency Debt,Certificate
Materials sold
Transfer from Municipal Liquor Operating Fund
Total receipts
Total beginning cash and receipts
Disbursements
Regular salaries
Engineering fees and expenses
Materials
Equipment rental
Contract payments
Miscellaneous expenses
Transfer to Permanent Improvement Revolving Fund
for principal and interest on-storm sewer bonds
Total disbursements
Cash balance December 31, 1964
$27,354
79,610
10
20,000
$ 1,276
1,354
175
405
87,264
76
73,803
35
$( 89,746)
126,974
$ 37,228
164,353
$(127,125)
36
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK CONSTRUCTION BOND FUND
BALANCE SHEET - DECEMBER 31, 1964
ASSETS
Cash $( 585)
Amount to be provided by future revenues 42,172
Total assets 1 587
LIABILITIES
Contracts payable $ 5,600
Retained percentage on contracts 2,409
Accrued interest payable 978
Emergency Debt Certificate payable 32,600
Total liabilities 1 587
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Cash balance January 1, 1964 $50,274
Receipt - Proceeds from sale of Emergency Debt Certificate 32,600
Total beginning cash and receipt $82,874
Disbursements
Land purchases $46,761
Regular salaries 499
Contract payments 32,251
Professional services 3,749
Miscellaneous 199
Total disbursements 83,459
Cash balance December 31, 1964 IC 585)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
' BALANCE SHEET - DECEMBER 31, 1964
t
ASSETS
Cash
Investment - Storm Sewer Construction Fund Emergency
Debt Certificate
Accounts receivable
Storm Sewer Construction Fund
Other
Accrued interest receivable
Delinquent taxes receivable
Special assessments receivable
Delinquent (principal and interest)
Deferred (principal only)
Unassessed costs
Storm Sewer
Other
Total assets
LIABILITIES AND RESERVE
Liabilities
Accounts payable
Storm Sewer Construction blind
General Debt Service Fund (Permanent Improvement
Revolving Fund Bonds Account)
Other
Accrued wages payable
Retained percentages on contracts
Deposits
Reserve for payment of bonded indebtedness shown as a liability
of the Permanent Improvement Revolving Fund Account of the
General Debt Service Fund
Total liabilities and reserve
$ 157,996
79,610
22,191
32,801
3,759
553
205,983
1,010,297
159,739
84.182
$1,757,111
$ 13,602
717
501
334
1,664
14,863
1,725,430
$1,757,111
37
(1) Bonded indebtedness (principal and interest) corresponding to bond proceeds used
to finance storm sewer construction is to be paid by a general property tax
levy. Taxes for this purpose in the amount of $50,010 were levied for collection
in 1965.
(2) Substantially all of other unassessed costs are to be assessed against benefited
property.
(3) The City is following the practice of transferring from this fund to the General
Debt Service Fund (Permanent Improvement Revolving Fund Account) amounts equal
to bond and interest payments made from the account and cancelling corresponding
annual collectible amounts of deferred taxes receivable shown in the account.
93
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Cash balance January 1, 1964
$ 455,295
Receipts
General property taxes (including bank excise tax
79,610
and forfeited tax sale apportionments)
$ 6,036
Special assessments
17,559
Collected by City $346,192
18,921
Collected by County
4,247
Principal 120,918
175
Interest and penalties 3,499
781
Audit
470,609
Private water and sewer connection fees
2,510
Interest on investments
27,880
Special assessment searches and
117
other receipts
283
Refunds and reimbursements
1,274
City °s share of improvements (reimbursement
112
from other City Funds for unassessed costs
27
of completed or cancelled projects
9,120
Transfer from Storm Sewer Fund for payment of
760
principal and interest on bonds
73,803
Total receipts
591,515
Total beginning cash and receipts
$1,046,810
Disbursements
Contract payments
$ 94,766
Purchase of Storm Sewer Construction Fund
. Emergency Debt Certificate
79,610
Equipment rental
14,167
Regular salaries
17,559
Materials
18,921
Extra construction costs
4,247
Refunds
175
Insurance
781
Audit
500
Engineering salaries
11,386
Administrative expenses
7,760
Engineering expenses
117
Easements
750
Purchase of delinquent utility accounts receivable
114
Advertising
112
Inspection mileage
27
Attorney fees
302
Damage claims
760
Miscellaneous
5
Transfers to General Debt Service Fund
636,755
Total disbursements
888,814
Cash balance December 31, 1964 $ 157,996
1
u
u
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BALANCE SHEET - DECEMBER 31, 1964
ASSETS
Cash
Cash with fiscal agents
Investments, at cost
City of Columbia Heights
bonds (Page 60 )
Park Construction Bond Fund
Bmergency Debt Certificate
Accounts receivable
State Aid Debt Service Fund
Permanent Improvement Revolving
Fund
Accrued interest receivable
Deferred taxes receivable`
Amount to be provided by
future revenues
ITotal assets
1
U
w
1
LIABILITIES AND RESERVE
Accounts payable - State Aid
Debt Service Fund
Bonded indebtedness
Matured bonds and interest
Future maturities
Bonds (Page 42)
Interest
Reserve for payment of bonds
and interest
Total liabilities and
reserve
Permanent Municipal
Improvement Building
Revolving Bonds
Fund Bonds of 1959
Total Account Account
39
$ 382,199 $ 380,076 $( 18) $ 2,141
75,775 62,862 12,308 605
44,645
Storm
Park
Sewer
Bonds.
Bonds
of 1962
of 1964
Account
Account
$ 382,199 $ 380,076 $( 18) $ 2,141
75,775 62,862 12,308 605
44,645
44,645
32,600
32,600
30
30
717
717
5,062
4,264 $ 798
2,839,570
1,891,420 126,500 378,650 443,000
40,382
5,713 34,669
$3,420,980
$2,416,614 $416,065 43 798
$ 147 $ 147
22,155 9,242 $ 12,308 $ 605
2,905,000 2,120,000 110,000 325,000 $350,000
469,345 284,695 22,195 909460 71,995
24,333 2,530 21,803
$3,420,980 2 416 614 Jj4L4 503 16 065 43 798
* The City is following the practice of cancelling current collectible amounts of de-
' ferred taxes receivable shown for all bond issues except the Storm Sewer Bonds of 1964
Account since amounts equal to bond and interest payments made from these accounts are
transferred from other City funds.
40
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Cash balance January 1, 1964
Receipts ° transfers from
Permanent Municipal
Improvement Building Park
Revolving Bonds Bonds
Fund Bonds of 1959 of 1962
Combined Account Account Account
$261,425 $259,284 2,141
Administration Fund
$ 14,375
$ 14,375
State Aid Construction Fund
147
$ 147
Park Fund
10,165
$ 10,165
Permanent Improvement Revolving Fund
636,755
636,755
Total receipts
661,442
$636,902
14,375
10,165
Total beginning balance
and receipts
$922,867
$896,186.
14,375
12,306
Disbursements
Purchase of Park Construction Bond
Fund Emergency Debt Certificate
$ 32,600
$ 32,600
Bond maturities
410,000
400,000
$ 10,000
Interest on bonds
97,273
82,763
4,370
$ 10,140
Fiscal agent's service charges
765
717
23
25
Transfer to State Aid Debt Service
Fund
30
30
Total disbursements
$540,668
$516,110
14,393
10,165
Cash balance December 31, 1964
1 L8 2 199
$3809076
18)
2 141
t
41
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND"
BONDS PAYABLE - DECEMBER 31, 1964
$ 45,000
Permanent Improvement Revolving
Fund Bonds maturing
$50,000 per year 9/1/57 4.50 12/1/6572 $. 400,000
Permanent Improvement Revolving
Fund Bonds maturing
June 1, 1965 6/1/59 3.00 6/1/65 $ 55,000
$55,000 per year 6/1/59 3.50 6/1/66 -69 220,000
2752000
Permanent Improvement Revolving
Fund Bonds maturing
$90,000 per year 7/1/60 3.50 7/1/65 -66 $ 180,000
July 1, 1967 7/1/60 3.50 7/1/67 60,000
$60,000 per year 7/1/60 3.70 7/1/68 -71 240,000
$ 480,000
Permanent Improvement Revolving
Issue
Interest
Maturity
Fund Bonds
date
rate
date
Principal
Permanent Improvement Revolving
$80,000
per year
10/1/61
3.00
Fund Bands Account
$ 240,000
October
1, 1968
10/1/61
Permanent Improvement Revolving
10/1/68
50,000
$50,000
per year
Fund Bonds maturing
3.20
10/1/69 -70
100,000
$50,000
$35,000 per year
9/1/55
3.10%
9/1/65-66
$ 70,000
Permanent Improvement Revolving
Fund Bonds maturing
$20,000 per year
12/1/56
3.60
12/1/65-66
$ 40,000
December 1, 1967
12/1/56
3.60
12/1/67
5,000
$ 45,000
Permanent Improvement Revolving
Fund Bonds maturing
$50,000 per year 9/1/57 4.50 12/1/6572 $. 400,000
Permanent Improvement Revolving
Fund Bonds maturing
June 1, 1965 6/1/59 3.00 6/1/65 $ 55,000
$55,000 per year 6/1/59 3.50 6/1/66 -69 220,000
2752000
Permanent Improvement Revolving
Fund Bonds maturing
$90,000 per year 7/1/60 3.50 7/1/65 -66 $ 180,000
July 1, 1967 7/1/60 3.50 7/1/67 60,000
$60,000 per year 7/1/60 3.70 7/1/68 -71 240,000
$ 480,000
Permanent Improvement Revolving
Fund Bonds
maturing
$80,000
per year
10/1/61
3.00
10/1/65 -67
$ 240,000
October
1, 1968
10/1/61
3.00
10/1/68
50,000
$50,000
per year
10/1/61
3.20
10/1/69 -70
100,000
$50,000
per year
10/1/61
3.40
10/1/71 -72
1002000
$ 490, 000
Permanent Improvement Revolving
Fund Bonds maturing
$40,000 per year 111/63 2050 1/1/65 -67 $ 120,000
$40,000 per year 1/1/63 2.80 1/1/68 -70 120,000
$40,000 per year 1/1/63 3.00 1/1/71 -73 120,000
360,000
Total Permanent Improvement Revolving Fund Bonds Account $2,120,000
42
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1964 (CONTINUED)
* Plus additional interest at the rate of 1.40% per annum on all
bonds for the period March 1, 1965 to December 1, 1965.
Total General Debt Service Fund bonds payable
$2,905,000
Note - All bonds were issued without option of payment prior to maturity dates.
Issue
Interest
Maturity
date
rate
date
Principal
Municipal Building Bonds of 1959 Account
Municipal Building Bonds maturing
December 1, 1965
6/1/69
3.00%
12/1/65
$ 10,000
$10,000 per year
6/1/59
3.50
12/1/66 -69
4030000
$10,000 per year
6/1/59
3,90
12/1/70 -72
30,000
$10,000 per year
6/1/59
4.00
12/1/73 -75
301000
Total Municipal Building Bonds
of 1959
Account
$ 110,000
Park Bonds of 1962 Account
Park Bonds maturing
$15,000 per year
2/1/62
2.70
2/1/65 -68
$ 60,000
$20,000 per year
2/1/62
2.70
2/1/69 -70
40,000
$20,000 per year
2/1/62
3.10
2/1/71 -72
4051000
$25,000 per year
2/1/62
3.10
2/1/73 -74
50,000
$25,000 per year
2/1/62
3.40
2/1/75 -77
75,000
$30,000 per year
2/1/62
3.50
2/l/78 -79
60,000
Total Park Bonds of 1962 Account
$ 325,000
Storm Sewer Bonds of 1964 Account
Storm Sewer Bonds maturing,
$35,000 per year,
12/1/64
2.80*
12/1/66 -69
$ 140,000
$35,000 per year
12/1/64
3.00*
12/1/70 -72
105,000
$35,000 per year
12/1/64
3.10*
12/1/73 -75
105,000
Total Storm Sewer Bonds of 1964
Account
$ 350,000
* Plus additional interest at the rate of 1.40% per annum on all
bonds for the period March 1, 1965 to December 1, 1965.
Total General Debt Service Fund bonds payable
$2,905,000
Note - All bonds were issued without option of payment prior to maturity dates.
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE -FUND
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1964
Year
Total
Principal
Interest
1965
$ 494,810
$ 395,000
$ 99,810
1966
513,247
430, 000
83,247
1967
419,325
350,000
69,325
1968
372,675
315,000
57,675
1969
366,858
320,000
46,858
1970
301,835
265,000
36,835
1971
292,585
265,000
27,585
1972
222,515
205,000
17,515
1973
119,900
110,000
9,900
1974
77,285
70,000
7,285
1975
75,310
70,000
5,310
1976
28,375
25,000
3,375
1977
27,525
25,000
2,525
1978
31,575
30,000
1,575
1979
30,525
30,000
525
$3,374,345
$2, 905, 000
69 345
43
L
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
BALANCE SHEET - DECEMBER 31, 1964
(with prior year amounts for comparison)
ASSETS
CURRENT ASSETS
1964 1963
Cash $ 15,872 $ 13,154
Insurance premium refund receivable 839
Inventories, at cost 83,398 84,365
Prepaid insurance 1,413 1,640
Total current assets $100,683 99,998
FIXED ASSETS, at cost
Land and improvements $ 34,231 $ 28,231
Buildings 180,174 143,753
Furniture and equipment 68,981 65,708
Total cost $283,386 $237,692
Less accumulated depreciation 58,289 49,783
Total fixed assets (net) $225,097 $187,909
Total assets I L2 5 780 $287,907
LIABILITIES AND RETAINED EARNINGS
CURRENT LIABILITIES
Accounts payable
Administration Fund $ 12,682 $ 12,682
Public Employees` Retirement Association 10,201 10,209
Other 28,268 26,337
Accrued wages payable 5,172 4,340
Special assessments payable 93 224
Total current liabilities 56,416 53;792
RESERVE FOR RETIREMENT OF REVENUE BONDS 4,617
RETAINED EARNINGS
Invested in fixed assets (net fixed assets
less reserve for retirement of revenue bonds) $225,097 $183,292
Net working capital (current assets less
current liabilities) 44,267 46,206
Total retained earnings $269,364 229,498
Total liabilities, reserve and retained earnings jq25 780 287,907
45
46
CITY.OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1964
(with prior year amounts for comparison)
Sales
Off sale
On sale
Cost of sales (excluding discounts)
Gross profit before discounts
Add - Discounts
Gross profit
Operating expenses
Operating income
Other income and (expenses)
Other income (including vending
machine sales)
Interest
Reimbursement from State for
moving out of liquor store,
less expenses
Net income
Retained earnings beginning of year
Transfers to other City funds
Fire Department Fund
Street Department Fund
Park Fund
Band Fund
Storm Sewer Construction Fund
Municipal Liquor Debt Service Fund
Retained earnings end of year
1964
.27
1963
( 739)
( .09)
Percent
2,850
Percent
of sales
12.34
of sales
$598,540
74.47
$515,967
72.50
205,176
25.53
195,673
27.50
$803,716
100.00
$711,640
100.00
575,380
71.59
504,045
70.83
$228,336
28.41
$207,595
29.17
28,867
3.59
25,667
3.61
$257,203
32.00
$233,262
32.78
162,285
20.19
155,042
21.79
$ 94,918
11.81
$ 78,220
10.99
2,130
.27
2,513 .35
( 739)
( .09)
( 1,095) ( .15)
2,850
.35
$ 99,159
12.34
$ 79,638 11.19
229,498
221,159
( 7,750)
(15, 000)
(10,000)
( 1,000)
(20,000)
5 543)
269 364
(70,699)
( 600)
$229,498
During 1964, operationsof off sale Store No. 2 were moved to a new location about
one block away due to State highway construction.
e
MUNICIPAL LIQUOR OPERATING FUND
STATEMENT OF OPERATING EXPENSES
YEAR ENDED DECEMBER 31, 1964
(with prior year amounts.for comparison)
1964
Salaries and wages
Contributions to Public Employees'
$116,338
Retirement Association
6,730
Employees' welfare
2,757
Laundry
1,255
Bar supplies
1,040
Store supplies
2,302
Office supplies
199
Store expenses
6,661
Telephone
'
Utilities
7,982
Rent
2,025
Insurance and bonds
3,607
Depreciation
8,506
Maintenance and repair
1,258
Licenses and memberships
'
Independent auditing
800
Total operating expenses
1964
$162,285 20.19
47
1963
Percent
of sales
$116,338
14.47
6,730
.84
2,757
.34
1,255
.16
1,040
.13
2,302
.29
199
.02
6,661
.83
723
.09
7,982
.99
2,025
.25
3,607
.45
8,506
1.06
1,258
.16
102
.O1
800
.10
$162,285 20.19
47
1963
$155,042 21.79
Percent
of sales
$112,230
15.77
6,827
.96
1,092
.15
1,181
.17
1,200
.17
2,115
.30
62
.O1
5,366
.75
799
.11
7,225
1.02
2,700
.38
4,374
.61
7,451
1.05
1,519
.21
201
.03
700
.10
$155,042 21.79
48
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING INCOME FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1964
Sales
Cost of sales (excluding discounts)
Gross profit before discounts
Percent of sales
Add - Discounts
Percent of sales
Gross profit
Percent of sales
Operating expenses
Percent of -sales
Operating income
Percent of sales
Total
all
stores Total
$803,716 $598,540
575,380 487,114
$228,336 $111,426
28.41% 18.62%
28,867
24,451
3.59%
4.08%
$257,203
$135,877
32.00%
22.70%
162,285 75,815
20.19% 12.67%
$ 94,918 $ 60,062
11.81% 10.03%
n
1
Off sale
stores
On sale
No. 1
No. 2
No, 3
store
$287,326
$145,099
$166,115
$205,176
235,803
116,033
135,278
88,266
$ 51,523
$ 29,066
$ 30,837
$116,910
17.93%
20.03%
18.56%
56.98%
12,262
5,920
6,269
4,416
4.27%
4.08%
3.77%
2.15%
$ 63,785
$ 34,986
$ 37,106
$121,326
22.20%
24.11%
22,33%
59.13%
31,523
21,233
23,059
86,470
10.97%
14.63%
13.88%
42.14%
$ 32,262
$ 13,753
$ 14,047
$ 34,856
11.23%
9.48%
8.45%
16.99%
49
50
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING EXPENSES FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1963
Salaries and wages
Contributions to Public Employees'
Retirement Association
Employees' welfare
Laundry
Bar supplies
Store supplies
Office supplies
Store expense
Telephone
Utilities
Rent
Insurance and bonds
Depreciation
Maintenance and repair
Licenses and memberships
Independent auditing
Total Total
all Percent
stores of sales
$116,338
$ 51,138
8.55
6,730
2,934
.49
2,757
796
.13
1,255
245
.04
1,040
15
2,302
1, 273
.21
199
188
.03
6,661
3,231
.54
723
723
.12
7,982
5,088
.85
2,025
2,025
.34
3,607
2,672
.45
8,506
4,383
.73
1,258
414
.07
102
90
.02
800
600
.10
Total operating expense 162 285 75,815 12.67
Off sale stores
No.
1
No.
2
No,
3
3,796
Percent
1,961
Percent
1,010
Percent
1,025
of sales
1,029
of sales
11
of sales
$ 20,571
7.16
$ 14,899
10,26
$ 15,668
9,43
1,321
.46
741
.51
872
.52
399
.14
189
.13
208
.13
70
.02
71
.05
104
.06
15
.01
1,120
.39
86
.06
67
.04
72
.03
45
.03
71
.04
2,077
.72
297
.20
857
.52
343
.12
169
.12
211_
.13
1,967
.69
1,013
.70
2,108
1.27
2,025
1.40
1,277
.44
649
.45
746
.45
1,876
.65
623
.43
1,884
1.13
185
,06
196
.13
33
.02
30
.01
30
.02
30
.02
200
.07
200
.14
200
.12
31 523
10.97
21 233
14.63
23 059
13.88
On sale
86 470 42.14
51
Percent
of sales
$ 65,200
31.78
3,796
1.85
1,961
.95
1,010
.49
1,025
.50
1,029
.50
11
.01
3,430
1,67
2,894
1.41
935
.46
4,123
2.01
844
.41
12
.01
200
.09
86 470 42.14
51
52
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR DEBT SERVICE FUND
BALANCE SHEET - DECEMBER 3L, 1964
ASSETS
Cash JIL 574
LIABILITIES AND SURPLUS
Bonded indebtedness - Future maturities
Bonds (Page 53) $ 10,000
Interest 370
Unappropriated surplus 5,204
Total liabilities and surplus 15 574
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1964
Receipts o Transfer from Municipal
Liquor Operating Fund 10,888
Disbursements
Bond principal $ 10,000
Bond interest 740
Fiscal agent service charges 18
Total disbursements 10,758
Excess of receipts over disbursements $ 130
Cash balance January 1, 1964 15,444
Cash balance December 31, 1964 15 574
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53
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1964
Issue Interest Maturity
date rate date Principal
Municipal Building Bonds maturing
December 1, 1965 12/1/56 3070% 12/1/65 j1pagoo
DEBT SERVICE REQUIREMENTS
DECEMBER 31', 1964
Year Total Principal_ Interest
1965 lIP2370 119L-000 L 370
54
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER AND SEWER UTILITIES OPERATING FUNDS
BALANCE SHEETS - DECEMBER 31, 1964
..LIABILITIES AND FUND BALANCE
Combined
Water
Sewer
ASSETS
CURRENT ASSETS
Cash
$ 64,826
$ 37,256
$ 27,570
Accounts receivable
Customers
61,385
42,960
18,425
Other
98
98
18,766
Delinquent taxes receivable
670
5,888
670
Inventory - Water meters, at cost
4,112
4,112
1,774
Total assets
131 091
84,426
46,665
..LIABILITIES AND FUND BALANCE
CURRENT LIABILITIES
Accounts payable
Administration Fund
$ 323
$ 323
Public Employees' Retirement
Association
6,177
3,089
$ 3,088
City of Minneapolis, Minnesota
30,023
11,257
18,766
Other
6,228
5,888
340
Accrued wages payable
2,548
774
1,774
Retained percentage on contracts
20
20
Special assessments payable
5,395
1,366
_ 4,029
Total current liabilities
$ 50,714
$ 22,717
$'27,997
DEFERRED LIABILITY - City of Minneapolis,
Minnesota
1,379
1,379
FUND BALANCE
78,998
61,709
17,289
Total liabilities and fund balance
131 091
84,426
46,665
Note - Fixed assets are not shown in this
statement since
their cost or
present value
was not available. Accordingly, depreciation is not included as
an operating
expense.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1964
Operating revenue
55
Water sales
$247,789
Hydrant rental
4,000
Meter sales
10,993
Service connections
4,811
Penalties
2,260
Meter repairs and special service
1,018_
Total operating revenue
$270,871
Operating expenses (see footnote)
Water purchases
$166,829
Regular salaries
23,863
Extra salaries
3,814
Office supplies
534
Postage
574
Meter repair parts
455
Plumbing supplies
3,283
Meters
7,397
Supplies
691
Equipment repair and maintenance
2,862
Equipment rental
215
Tank service
440
Telephone
524
Light and power
4,677
Fuel
323
Rent
375
Main repair and maintenance
4,579
Hydrant repair and maintenance
942
Insurance
210
Audit
300
Public Employees' Retirement Association contributions
1,844
Miscellaneous
243
Total operating expenses
224,974
Operating income $ 45,897
Other income and (expense)
Sale of equipment 20
Interest on special assessments 97)
Net income $ 45,820
Fund balance January 1, 1964 20,452
Deduct - Capital outlay expenditures
Trunk extension $ 933
Equipment 1,452
Furniture and fixtures 67
Water survey 2,111
4,563)
Fund balance December 31, 1964 61 709
Note - Depreciation is not included as an operating expense. See note on balance
sheet.
56
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1964
Operating revenue - Sewer rental $ 96,932
Operating expenses (see footnote)
Regular salaries
$ 31,626
Extra salaries
1,055
City of Minneapolis
Sewage disposal and maintenance charges
34,004
Storm water disposal charges
928
Office supplies
215
Postage
367
General supplies
6,089
Equipment repair and maintenance
2,083
Equipment rental
209
Telephone
303
Light and power
443
Fuel
282
Rent
375
Insurance
1,797
Audit
250
Maintenance
2,013
Public Employees'. Retirement Association contributions
1,844
Miscellaneous
94
Total operating expenses
83,977
Operating income
$ 12,955
Other income and (expense)
General property taxes 2,886
Interest on special assessments ( 287)
Sale of scrap 80
Net income $ 15,634
Fund balance January 1, 1964 2,506
Deduct - Capital outlay expenditures
Equipment $ 824
Furniture and fixtures 27
851)
Fund balance December 31, 1964 $ 17,289
Note - Depreciation is not included as an operating expense. See note on
balance sheet.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF CASH - DECEMBER 31,",1964
Treasurer cash
Change funds
Cash in banks
Regular checking accounts
Columbia Heights State Bank, Columbia Heights, Minnesota
Fidelity Bank and Trust Company, Minneapolis, Minnesota
Third Northwestern National Bank, Minneapolis, Minnesota
Certificates of deposit and savings certificates
Third Northwestern National Bank, Minneapolis, Minnesota
Total treasurer cash
Cash with fiscal agents
American National Bank, St. Paul, Minnesota
First National Bank, Minneapolis, Minnesota
First National Bank, St. Paul, Minnesota
Northwestern National Bank, Minneapolis, Minnesota
Total cash with fiscal agents
STATEMENT OF UNITED STATES GOVERNMENT SECURITIES
' PLACED IN ESCROW BY DEPOSITORY BANKS FOR
THE SAFEGUARDING OF CITY FUNDS
DECEMBER 31, 1964
Depository banks
Columbia Heights State Bank,
Minneapolis, Minnesota
Fidelity Bank and Trust Company,
Minneapolis, Minnesota
Third Northwestern National Bank,
Minneapolis, Minnesota
Escrow banks
Marquette National Bank,
Minneapolis, Minnesota
Federal Reserve Bank,
Minneapolis, Minnesota
Federal Reserve Bank,
Minneapolis, Minnesota
57
$ 3,135
9,727
53,452
29,912
300,000
$396,226
$ 29,168
90
44,980
14.947
89,185
Face
amount of
securities
$218,000
200,000
500,000
Additional coverage of $10,000 is provided at each depository bank by the Federal
Deposit Insurance Corporation.
Ell
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUMMARY STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS
YEAR ENDED DECEMBER 31, 1964
Fund
Administration
Police and Court
Fire Department
Civil Defense
Street Department
State Aid
Maintenance
Construction
Debt Service
Recreation
Pa rk
Library
Band
Mayor's Contingent
Building
Storm Sewer Construction
Park Construction Bond
Permanent Improvement Revolving
General Debt Service
Permanent Improvement Revolving Fund
Bonds Account
Municipal Building Bonds
of 1959 Account
Park Bonds of 1962 Account
Municipal Liquor
Operating
Debt Service
Water Utility Operating
Sewer Utility Operating
Total
Cash
balance Receipts___
January 1, Interfund
1964 transfers Other
$ 47,411
$ 198,797
35,541
158,257
131
$ 7,750
93,283
8,699
14,219
(50,426)
15,000
175,254
29,574
11,115
(68,657)
6,558
77,151
1,383
30
14,676
1,969
27,690
(46,222)
10,000
133,820
( 4,002)
24,686
89
1,000
17
156
23,064
50
(89,746)
20,000
106,974
50,274
32,600
455,295
73,803
517,712
259,284
636,902
14, 37 5
2,141
10,165
13,154 817,198
15,444 10,888
300 275,413
18,871 100,002
$703,727 X06 * 47 1 $2,778,914
59
Cash
Disbursements
balance
Investment
Interfund
December 31,
Total
purchases
transfers
Other
Total
1964
$ 198,797
$ 14,375
$ 228,605
$ 242,980
$ 3,228
158,257
153,407
153,407
40,391
101,033
112,825
112,825
(11,661)
14,219
11,937
11,937
10,981,
190,254
206,313
206,313
(66,485)
11,115
6,558
23,312
29,870
10,819
83,709
147
109,654
109,801
(94,749)
14,706
14,841
14,841
1,248
27,690
28,516
28,516
1,143
143,820
10,165
114,078
124,243
(26,645)
24,686
24,009
24,009
( 3,_325)
1,017
972
972
134_
156
50
880
880
22,234
126,974
73,803
90,550
164,353
(127,125)
32,600
83,459
83,459
( 585)
591,515
$ 79,610
636,755
172,449
888,814
157,996
636,902
.32,600
30
483,480
516,110
380,076
14,375
14,393
14,393
( 18)
10,165
10,165
10,165
2,141 _
817,198
64,638
749,842
814,480
15,872
10,888
10,758
10,758
15,574
275,413
238,457
238,457
37,256
1001002
91,303
91,303
27,570
$3,585,385
$112,210
$806,471
$2,974,205
$3,892,886.
$396,226
60
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INVESTMENT IN CITY OF COLUMBIA HEIGHTS BONDS
DECEMBER 31, 1964
Nhturity Interest Matured
date rate value Cost
Owned by General Debt Service Fund
Permanent Improvement Revolving
Fund Bonds, dated July 1, 1960 7/1/71
Park Bonds, dated February 1, 1962 2/1/77
Total
3,70% $ 40,000 $ 39,645
3,40 5,000 5,000
45 000 44 645
ACCOUNTS RECEIVABLE - STATE OF MINNESOTA
DECEMBER 31, 1964
Liquor tax apportionment $ 11,221
Cigarette tax apportionment 17,358
State aid allocation for street construction 52,357
Federal aid through State Department of Civil Defense for
Personnel and Administrative Expense Program 1,025
Total 81 961
Year
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
CITY OF COLUMBIA IiEIGHTS, MINNESOTA
DEBT SERVICE REQUIREMENTS (PRINCIPAL AND INTEREST) - ALL FUNDS
DECEMBER 31, 1964
Total
$ 519,856
527,635
433,419
386,469
380,352
315,017
305,443
235,037
132,074
77,285
75,310
28, 37 5
27,525
31,575
30.525
$3,505,897
Municipal
State Aid
Bonds Debt
Service Fund
$ 14,676
14,388
14,094
13,794
13,494
13,182
12,858
12,522
12,174
121,182
General Debt
Service Fund
$ 494,810
513,247
419,325
372,675
366,858
301,835
292,585
222,515
119,900
77,285
75,310
28,375
27,525
31, 57 5
30,525
$3,374,345
Municipal
Liquor Debt
Service Fund
$ 10, 37 0
$ 10,370
61
62
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES
(Shown by year of collectibility)
Mill Rates
Administration
1962
1963
1964
1965
Assessed valuations
Real estate
$5,952,735
$7,373,855
$7,925,381
$8,687,633
Personal property
924,918
1,001,593
928,614
1,041,908
Total
$6,877,653
$8,375,448
$8,853,995
X59,729,541
Tax levies
1.00
.90
1.00
Administration
$ 73,615
$ 67,683
$ 63,297
$ 512,260
Public Employees' Retire-
7.80
ment Association
24,439
26,045
1.00
1.03
General Fund
6,985
14.52
11.56
Police
91,007
100,294
104,623
Police Relief Association
6,868
7,585
8,850
Firemen's Relief Association
6,868
7,585
8,850
2.57
Fire
2.33
.60
69,074
.21
Civil Defense
8,966
8,000
8,865
10,021
Street
110,430
121,593
102,392
Recreation
10,088
11,212
12,057
.76
Park
51,498
91,348
122,516
63.13
Library
18,140
18,060
24,024
25,005
Bonds
16,000
5,000
2,039
2, 043
Storm sewer bonds
24,000
27,482
50,010
Storm sewer extensions
20,000
1,000
Sewer and water
202000
39,000
4,964
7,395
Total
$ 464,904
$ 528,405
$ 559,033
606,734
Mill Rates
Administration
10.70
8.08
7.15
52.65
Public Employees' Retire-
ment Association
3.55
3.11
General Fund
1.02
Police
13.23
11.97
11.82
Police Relief Association
1.00
.90
1.00
Firemen's Relie -f Association
1.00
.90
1.00
Fire
7.80
Civil Defense
1.30
.95
1.00
1.03
Street
16.06
14.52
11.56
Recreation
1.47
1.34
1.36
Park
7.48
10.91
13.84
Library
2.64
2.16
2.71
2.57
Bonds
2.33
.60
.23
.21
Storm sewer bonds
2.87
3.10
5.14
Storm sewer extensions
2.91
.12
Sewer and water
2.91
4.66
.56
.76
Total
67.60
63.09
63.13
62.36
CITY OF COLUMBIA HEIGHTS,
MINNESOTA
' INSURANCE COVERAGE
DECEMBER 31, 1964
Major insurance coverage at December 31, 1964 is
summarized below.
Co- insurance
Fire and extended coverage
City hall, fire and police departments
Building
90%
$172,300
Contents
90
20,500
Community center
Building
90
126,250
Contents
90
5,000
Public library
® Building
90
26,000
® Contents
90
5,000
Municipal liquor stores
Buildings
90
156,000
'
Contents
17,000
Liquor stock
125,000
Sign
2,000
'
Park recreation building
Building
90
5,500
Contents
90
500
' City garage
Building
90
13,200
Contents
90
11,000
Recreation building
3,600
Warehouse
Building
90
2,800
Contents
90
600
' Warming house building
90
500
Water standpipe
90
68,000
Lift station buildings
90
550
Pumping stations
90
300
Street equipment ($50 deductible)
58,505
Comprehensive liability
Bodily injury
Automobiles
50/300,000
Except automobiles
50/300,000
Property damage
Automobiles
300,000
Except automobiles
300,000
Minnesota Statutory Liquor Law liability
50/300,000
Boiler and Machinery
50,000
Business interruption - City liquor stores
125,650
Money and securities - broad form
Inside premises
6,500
'
Outside premises
6,500
Comprehensive glass coverage
standard
Workmen's compensation
statutory
Comprehensive general liability for recreation
employees and volunteer workers - property
damage and personal injury
3001000
63
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
EMPLOYEES SURETY BONDS
DECEMBER 31, 1964
Rosella C. Lawson City Treasurer
Floyd C. Lawson Assessor
Pauline M. Galtzmaier Clerk of Municipal Court
All employees, except those listed above are covered by
an honesty blanket position bond of $5,000 with an
additional $5,000 on the municipal liquor store manager.
$5,000
1,000
1,000
65