HomeMy WebLinkAbout1965 Financial Statementsr
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FINANCIAL STATEMENTS
DECEMBER 31, 1965
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
YEAR ENDED DECEMBER 31, 1965
Elected
Mayor - Bruce Nawrocki
Councilmen
William Land
Joseph J. Orendorff
Robert G. King
Dale Jeska
Municipal Judge - Joseph E. Wargo
Appointed
City Manager - Malcolm 0. Watson
Treasurer - Rosella C. Lawson
Attorney - Spencer Sokolowski
Engineer - George F. Brown
*First Monday after the first Tuesday of July.
Term of office
expiration
date*
1967
1967
1967
1969
1969
1969
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Lae
Independent certified public accountants' opinion 1
Comments 2
Balance sheet - all funds 4
Administration and special revenue funds
Comments
8
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
22
Statement of revenue - actual compared with-budget estimates
22
Statement of expenditures - actual compared with budget estimates
23
Civil Defense Fund
Analysis of changes in unappropriated surplus
24
Statement of revenue - actual compared with budget estimates
24
Statement of expenditures - actual compared with budget estimates
24
Street Department Fund
Analysis of changes in unappropriated surplus
25
Statement of revenue - actual compared with budget estimates
25
Statement of expenditures - actual compared with budget estimates
26
State Aid Funds
Statements of cash receipts and disbursements
27
Bonds payable
28
Debt service requirements
28
Recreation Fund
Analysis of changes in unappropriated surplus
29
Statement of revenue - actual compared with budget estimates
29
Statement of expenditures - actual compared with budget estimates
30
Park Fund
Analysis of changes in unappropriated surplus
31
Statement of revenue - actual compared with budget estimates
31
Statement of expenditures - actual compared with budget estimates
32
Library Fund
Analysis of changes in unappropriated surplus
33
Statement of revenue - actual compared with budget estimates
33
Statement of expenditures - actual compared with budget estimates
34
Statements of cash receipts and disbursements
Band Fund
35
Building Fund
35
Flood Control Fund
36
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS (CONTINUED)
Page
Bond.Funds
Comments 37
Balance sheets 38
Statements of cash receipts and disbursements 39
Permanent Improvement Revolving Fund
Comments 40
Balance sheet 41
Statement of cash receipts and disbursements 42
General Debt Service Fund
Comments 43
Balance sheet 44
Statements of cash receipts and disbursements 46
Bonds payable 48
Debt service requirements 51
Municipal Liquor Operating Fund
Comments
52
Balance sheet
53
Statement
of
income and
retained earnings
54
Statement
of
operating
expenses
55
Statement
of
operating
income for individual stores
56
Statement
of
operating
expenses for individual stores
58
Municipal Liquor Debt Service Fund
Comments .60
Balance sheet 61
Statement of cash receipts and disbursements 61
Public utility funds
Comments 62
Balance sheets 63
Statement of income and fund balance
Water Utility Operating Fund 64
Sewer Utility Operating Fund 65
Water System Improvement Fund
Statement of cash receipts and disbursements 66
Statement of expenditures - compared with appropriation 66
Miscellaneous information
Statement of cash 67
Statement of United States Government securities placed in escrow
by depository banks for the safeguarding of City funds 67
Summary statement of cash receipts and disbursements 68
Investment in City of Columbia Heights bonds 70
Accounts receivable from.the State of Minnesota 70
Debt service requirements - all funds 71
Assessed valuations, tax levies and mill rates 72
Insurance coverage 73
Employees surety bonds 75
G E O R G E M. H A N S E N COMPANY
' Certified Public Accountants
5501 EXCELSIOR BLVD.
MINNEAPOLIS, MINNESOTA 55416
' 927 -8709
tMarch 22, 1966
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, 1965. 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 in the
circumstances.
The City does not maintain records of utility fixed assets. Consequently, balance
sheets for the utility operating funds do not include fixed assets and the net
income of the various operating funds is overstated by applicable depreciation.
Because of this we are unable to express an opinion on the financial statements of
the utility operating funds of the City.
In our opinion the accompanying statements, subject to the comment above relating
to the utility operating funds, present fairly the financial position of the
respective funds of the City of Columbia Heights, Minnesota at December 31, 1965
and the results of their operations for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent with that
of the preceding year.
CL- -1: -C-
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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 City statements are presented under the modified cash basis whereby revenues
are not considered as such until collected. Expenditures are recorded as soon as
the liability is incurred. Accordingly, the receivables on the balance sheets are
offset by a reserve identified as unrealized revenue.
In the following statements included in the revenue caption "General property and
other taxes" are property taxes, bank excise tax, mortgage registry tax and for-
feited tax sale apportionments.
A statement of General Fixed Assets has not been included in this report since
general fixed asset records are not maintained.
A condensed summary of operations for 1965 compared with 1964 with related percents
or costs per capita is presented below:
REVENUE by fund
1965 1964
Amount Percent Amount Percent
Administration
Police and Court
Fire Department
Civil Defense
Street Department
Recreation
Park
Library
Total revenue
EXPENDITURES by fund
Administration
Police and Court
Fire Department
Civil Defense
Street Department
Recreation
Park
Library
Total, expenditures
$198,612
23.3
$198,797
23.3
166,646
19.6
158,257
18.6
106,520
12.5
101,033
11.8
14,040
1.6
8,552
1.0
136,083
15.9
190,254
22.3
32,828
3.9
27,690
3.2
171,271
20.1
143,820
16.9
26,397
3.1
24,686
2.9
100.0
IDa.1 0
1965
1964
Cost per
Cost per
Amount
capita
Amount
capita
$231,765
$ 9.95
$246,046
$11.12
178,274
7.66
154,572
6.98
109,142
4.68
111,543
5.04
9,725
.42
11,946
.54
209,097
8.98
205,328
9.28
32,720
1.41
28,831
1.30
199,618
8.57
125,052
5.65
25,329
1.09
26,852
1.21
9 0
S42.76
,910,170
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS
DECEMBER 31, 1965
Note 1 - Not included as an asset is an undetermined amount to be received as
Federal aid for flood damage.
Note 2 - General fixed assets owned by the City are not included in the financial
statements since records thereof are not maintained.
Adminis-
tration
and special
revenue
funds
Combined
(Page 10)
ASSETS
Cash
$1,744,688
$(267,766)
Cash with fiscal agents
150,116
13,266
Investments, at cost
City of Columbia Heights bonds (Page 70)
44,646
Emergency Debt Certificates (other City funds)
152,600
Accounts receivable
Other City funds
972,639
3,674
State of Minnesota (Page 70)
142,372
142,372
Other
105,382
22,541
Accrued interest receivable
18,657
Taxes receivable
Delinquent
29,343
26,431
Deferred
3,794,800
Special assessments receivable
Delinquent (principal and interest)
172,982
Deferred (principal only)
737,407
Inventories, at cost
85,856
Prepaid expenses
2,366
Unassessed costs
341,334
Amounts to be provided by future revenues
748,122
219,053
Fixed assets (Municipal Liquor Operating Fund only)
at cost, less accumulated depreciation
2172867
Total assets
$9,4610177
$ 159,571
Note 1 - Not included as an asset is an undetermined amount to be received as
Federal aid for flood damage.
Note 2 - General fixed assets owned by the City are not included in the financial
statements since records thereof are not maintained.
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217,867
$1,232,979 12.397,511 $4,872,164 $ 4,392 $442,981
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Permanent
General
Improvement
Debt
Public
Bond
Revolving
Service
Municipal
liquor funds
utility
funds
Fund
Fund
Operating
Debt service
funds
(Page 38)
(Page 41)
(Page 44
(Page 3
(Page 61)
(Page 63)
$1,003,082
$ 79,656
$ 512,164
$ 46,291
$ 4,392
$366,869
136,850
44,646
31,000
89,000
32,600
8,500
955,464
4,392
609
15,115
1,394
66,332
7,552
6,005
3,100
2,000
1,780
548
584
3,794,800
172,982
737,407
79,263
6,593
2,366
341,334
181,065
348,004
217,867
$1,232,979 12.397,511 $4,872,164 $ 4,392 $442,981
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS (CONTINUED)
DECEMBER 31, 1965
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Accounts payable
Other City funds
Public Employees' Retirement Association
City of Minneapolis, Minnesota
Other
Accrued interest payable
Accrued wages payable
Emergency Debt Certificates (other City funds)
Contracts payable
Retained percentage on contracts
Deposits
Special assessments payable
Bonded indebtedness
Matured bonds and interest
Future maturities
Bonds (Pages 28 and 48)
Interest
Reserves for
Encumbrances
State aid construction
Payment of bonds and interest
Unrealized revenue
Unencumbered appropriation balance
Retained earnings
Unappropriated surplus (deficit)
Fund balance
Total liabilities, reserves and surplus
Adminis-
tration
and special
revenue
funds
Combined (Page 10)
$ 972,639
55,402
$ 37,778
30,016
79,241
37,747
7,547
1,260
2,289
1,115
152,600
31,000
201,307
6,883
50,099
1,046
16,328
47,256
42,664
85,305
3,781,000 96,000
943,995 10,506
854,859
5,725
5,725
1,564,787
84,444
84,444
269,968
304,750
(196,597)
(196,597)
148,217
$9,4610177
$ 159,571
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Permanent
General
$ 3,674
Improvement
Debt
11,332
86
Public
Bond Revolving
Service
Municipal
liquor funds
utility
funds Fund
Fund
Operating
Debt service
funds
-(Page ,(Page 41) ,
(Page
(Page 53)
(Page 61
Pa e , 63
$ 955,464
$ 8,500
$ 3,674
11,332
86
5,932
30,643
6,287
1,174
121,600
8,100
181,622
900
48,153
16,328
$ 85,305
3,685,000
933,489
114,300
740,559
1,396,417
168,370
$ 4,392
$ 609
6,292
30,016
4,833
4,702
4,592
26,242 243,726
304,750
148,217
$1,232,979 $2,397,511 $4,872,164 $351,573 ? 42
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS
COMMENTS
Administration Fund
The Administration Fund was established 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 which include property taxes, licenses and permits, and shared State
taxes are used to provide basic governmental services such as general administration
and protective inspection. The City also accounts for its garbage collection services
in this fund. Several functions ordinarily included as a part of an administration
or general fund are accounted for separately in special revenue funds by the City.
For 1965 actual revenues were under budget by $47,355, while actual expenditures ex-
ceeded budget by $14,202. This reduced the unappropriated surplus at December 31, 1964
of $6,802 to a deficit of $26,351 at December 31, 1965. Detailed statements of revenue
and expenditures show differences between actual and budget estimates.
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 has fourteen funds
of this nature. Following is a brief description of each fund.
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). During the year
ended December 31, 1965 the surplus of the fund decreased from $35,410 to $239782.
Fire Department Fund - The operations of the Fire Department are accounted for in this
fund. Financing is provided by transfers from the Municipal Liquor Operating 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 expend-
itures. 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. A decrease in equipment purchases compared with
estimates was the main factor for the surplus increase during the year.
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. Costs incurred
due to heavy snow and spring floods, which were not reimbursable by Federal funds, '
increased the Street Department Fund deficit to $148,218 at December 319 1965.
' 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 in-
' debtedness. An amount of $12,901 will be required from future revenue to cover
expenses incurred to date.
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. An amount of
$93,449 was received in January, 1966 from the State of Minnesota to reimburse pay-
' ments made by the fund.
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 in-
terest thereon, respectively.
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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, improvement,
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. A transfer of $24,251 was made to the Park Bonds
of 1962 Account in order to comply with debt services requirements stated in the
bond agreement.
Library Fund - The operation of the City library is accounted for in this fund.
General property taxes are the primary source of revenue.
Band Fund - All monies levied or appropriated for band entertainment are accounted
for in this fund.
Mayor's Contingent Fund - This fund was established to account for payment of miscel-
laneous City promotion expenses incurred by the Mayor.
Building Fund - The Building Fund is used to account for acquisitions, improvements
and sales of land and buildings not accounted for in other funds. A balance of
$20,122 in this fund as of December 31, 1965 can be used by the City for future
acquisitions or improvements.
Flood Control Fund - This fund was established during 1965 to account for expenses
incurred by the City for flood control. An advance of $75,015 was received from the
State of Minnesota during the year for reimbursement of expenses. The fund also
borrowed $31,000 from the Storm Sewer Construction Fund. This loan will be repaid
when a final settlement on flood relief is made by the State of Minnesota. An ac-
count receivable for flood relief was not set up as of December 31, 1965 because the
amount was undetermined.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS
BALANCE SHEETS - DECEMBER 31, 1965
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Adminis-
Accounts payable
tration
Public Employees' Retirement Association
Combined
Fund
ASSETS
37,747
3,794
Cash (deficit)
$(267,766)
$(26,026)
Cash with fiscal agents
13,266
205
Accounts receivable
Other City Funds - Municipal Liquor Operating Fund
3,674
3,674
State of Minnesota (Page 70)
142,372
5,660
Other
22,541
11,829
Delinquent taxes receivable
26,431
3,957
Amounts to be provided by future revenues for
Debt retirement
91,113
Snow blower
6,883
State aid maintenance
12,901
Payment.of special assessments
42,664
4,019
Public Employees' Retirement Association Contribution
37,778
32,070
Flood control expenditures
27,714
(26,351)
Total assets
lr 1
$ 35, 18
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Accounts payable
Public Employees' Retirement Association
$ 37,778
$ 32,070
Other
37,747
3,794
Accrued interest payable
1,260
Accrued wages payable
1,115
205
Emergency Debt Certificate - Storm Sewer
Construction Fund
31,000
Contract payable - snow blower
6,883
Retained percentage on contracts
1,046
Special assessments payable
42,664
4,019
Bonded indebtedness - Future maturities
Bonds (Page 28)
96,000
Interest
10,506
Reserves for
State aid construction
5,725
Unrealized revenue
84,444
21,446
Unappropriated surplus (deficit)
(196,597)
(26,351)
Total liabilities, reserves and surplus
1 9 1
$ 35,183
Note - Not included as an asset is an undetermined amount to be received as
Federal aid for flood damage.
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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
$ 24,769
$(16,689)
$ 15,253
$(141,908)
$(12,536)
$(97,986)
$ 2,127
13,266
5,660
5,660
1,192
11,319
104,392
1,043
1,211
163
7,501
5,948
3,254
486
4,451
91,113
6,883
12,901
5,111
597
37.420
1,453)
1 1
$(111,75=)
365
0
'
$ 5,111
$ 597
$ 987
303
113
$ 8,818
480
6,883
$ 365
$ 681
$ 96,000
10,506
5,725
12,651
10,125
1,841
20,763
23,782
1( 7,472)
15,140
(1482218)
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1
( 1,453)
17. 1
11 )
365
$106,5QL
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS (CONTINUED)
BALANCE SHEETS - DECEMBER 31, 1965
Recreation
Fund
ASSETS
Cash $ 1,059
Accounts receivable
State of Minnesota
Other 80
Delinquent taxes receivable 599
Amounts to be provided for
Payment of special assessments
Flood control expenditures
Total assets ,$ 1,738
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Accounts payable - Other $ 120
Accrued interest payable
Accrued wages payable 215
Emergency Debt Certificate
Special assessment payable
Reserve for unrealized revenue 679
Unappropriated surplus (deficit) 724
Total liabilities, reserves and surplus
1
1
1
1
1
1
1
1
1
I
1
1
1
1
Park
Library
Band
Fund
Fund
Fund
$(52,987)
$( 3,260)
$ 513
8,489
654
60
6,549
1,187
38,645
.$ 513
$ 6,296 $ 2,235
215
38,645
7,203 9,736
(59,498) ( 5,495) 513
�) 6 ,$ 513
Mayor's Flood
Contingent Building Control
Fund Fund Fund
$ 156 $ 20,122 $ 19,627
27,714
$ 156 20 22 1
$ 15,081
1,260
31,000
156 20,122
S 156 20 122 47,341
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 312 1965
Budget
Actual estimates
Unappropriated surplus January 1, 1965 $ 6,802 $ 6,802
Actual
over
(under)
estimates
Add - Revenue (Page 16)
198,612
245,967
$(47,355)
Total beginning balance and revenue
$205,414
$252,769
$(47,355)
Deduct - Expenditures (Page 18)
231,765
245,967
(14,202)
Unappropriated surplus (deficit) December 31,
1965 2 3 1)
6,802
$(33,152)
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
' ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Actual
over
Budget
(under)
Actual
estimates
estimates
General property and other taxes levied for
Public Employees' Retirement Association
$ 6,450
$ 7,000
$( 550)
Other
66,488
64,299
21189
Total general property taxes
72 938
71 299
1,639
Licenses and permits
Business
Amusement devices
$ 990
$ 1,200
$( 210)
Beer
1,133
1,600
( 467)
Bowling alley
85
85
Cigarette
1,087
1,700
( 613)
General Contractors
4,425
7,000
( 2,575)
Electrician
1,600
1,600
Gas station
1,058
1,400
( 342)
Heating
1,400
1,000
400
'
Ice station
10
( 10)
Plumbing
1,275
1,800
( 525)
Restaurant
Retail sales
540
190
500
250
40
( 60)
Rubbish
45
50
( 5)
Scavenger
25
100
( 75)
Solicitor
45
100
( 55)
Taxi
80
( 80)
Theater
250
400
( 150)
Used car lot
46
100
( 54)
Vending machine
598
1,500
( 902)
Nonbusiness
Bicycle
341
550
( 209)
Building
7,688
13,000
( 5,312)
Dog
796
1,622
( 826)
Electric
3,939
8,000
( 4,061)
Heating
4,819
8,000
( 3,181)
Plumbing
2,823
8,000
( 5,177)
Sewer
2,368
5,000
( 2,632)
Special use
200
200
Miscellaneous
213
500
287)
Total licenses and permits
37,979
65,347
$(27,368)
Rents
600
600
'
Revenue from other agencies - Shared State
taxes - Cigarette and liquor
13,384.
11,000
2,384
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1965
Actual
over
Budget
(under)
Actual
estimates
estimates
Charges for current services
Administration
Filing fees
$ 55
$ 30
$ 25
Rezoning petitions
70
200
( 130)
Garbage collection
56,504
61,000
( 4,496)
Garbage refunds
50
( 50)
Animal control
Pound fees
180
400
( 220)
Board and pick up
143
300
( 157)
Parking meter collections
3,719
5,000
( 1,281)
Water inspections
740
1,300
( 560)
Sewer stub connections
6
100
( 94)
Total charges for current services
61,417
68,380
6,963)
Other
Refunds and reimbursements
Coffee break supplies
$ 250
$ 200
$ 50
Payment of claims
364
150
214
Salary reimbursements from other City funds
2,468
19,000
(16,532)
Other
1,121
1,900
( 779)
Transfer from Municipal Liquor Operating Fund
82091
8,091
Total other
12,294
29,341
$(17,047)
Total revenue
198
$245,967
�)
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ICITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
I STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Actual
Budget
over
(under)
Actual
estimates
estimates
Regular salaries
$ 92,519
$115,414
$(22,895)
Extra salaries
1,719
3,744
(
2,025)
Dog catcher (contract)
3,450
3,500
(
50)
City Attorney (retainer fee)
7,200
7,200
Inspection fees
Electrical
2,921
4,000
(
1,079)
Health
429
1,000
(
571)
Heating
2,651
3,000
(
349)
Plumbing
400
(
400)
Election expenses
Salaries
1,616
1,800
(
184)
'
Supplies and expenses
896
800
96
Garbage collection
Contractual
Administrative expenses
44,739
900
42,000
1,400
(
2,739
500)
Salaries
2,708
3,000
(
292)
Parking meter expenses
'
Salaries
1,042
2,400
(
1,358)
Repairs
710
300
410
Insurance
4
30
(
26)
Supplies and miscellaneous
237
300
(
63)
'
Parking survey
100
(
100)
Parking lot expenses
Land lease and purchase
1,682
1,300
382
Parking curbs
100
(
100)
Parking meters
200
(
200)
Travel expense - schools
968
800
168
Office supplies
1,945
3,000
(
1,055)
Postage
381
600
(
219)
Printing
1,375
2,500
(
1,125)
Engineering supplies
1,187
900
287
Water and sewer charges
38
35
3
Equipment repair and maintenance
1,707
1,500
207
Building expenses
1,043
1,500
(
457)
Building supplies and service
2,333
2,400
(
67)
Telephone
2,322
2,500
(
178)
Light and power
691
700
(
9)
Fuel
389
500
(
111)
'
Insurance
1,208
1,400
(
192)
Audit
1,300
1,500
(
200)
Subscriptions, dues and memberships
1,141
800
341
'
Miscellaneous
282
200
82
Refunds
328
300
28
1
Car allowances
1,057
1,200
(
143)
18
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1965
Actual
over
Budget
(under)
Actual
estimates
estimates
Pop machine supplies
$ 72
$ 100
$( 28)
Pop machine vendor payment
100
( 100)
Water cooler supplies
570
500
70
Board of Equalization
4
5
( 1)
Settlements
310
100
210
Special census
3,143
2,000
1,143
Attorney's fees
24
100
( 76)
Engineering fees
125
50
75
Gopher bounty
5
( 5)
Contract service
200
( 200)
Special assessments
5,636
2,600
3,036
Public Employees' Retirement Association
contributions
7,280
7,000
280
Capital outlay
Buildings and land
500
( 500)
Office machines
1,160
3,000
( 1,840)
Other furniture or fixtures
180
1,000
( 820)
Transfer to General Debt Service Fund
28,143
14,384
13,759
Total expenditures
1211,M
$245,967
$(14,202)
ri
I
t
f'
19
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes levied for
Police Relief Association
$ 14,056
$ 14,445
Actual
Other
109,405
107,555
over
Total general property taxes
$123,461
Budget
(under)
Fines and forfeitures
Actual
estimates
estimates
Unappropriated surplus January 1, 1965
$ 35,410
$ 35,410
(16,586)
Add - Revenue (see below)
166,646
1801828
$(14,182)
Total beginning balance and revenue
$202,056
$216,238
$(14,182)
Deduct - Expenditures (Page 21)
1782274
1802828
2,554)
Unappropriated surplus December 31, 1965
S 23,782
A1
11 6 a)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes levied for
Police Relief Association
$ 14,056
$ 14,445
$( 389)
Other
109,405
107,555
1,850
Total general property taxes
$123,461
$122,000
$ 1,461
Fines and forfeitures
Municipal Court
25,514
42,100
(16,586)
Parking meter fines
265
500
( 235)
Driver license fees and court cost
reimbursements
101
126
( 25)
Shared State taxes - Cigarette and liquor
14,601
12,000
2,601
Rent - 558 40th Avenue
640
1,200
( 560)
Paper service fees
322
600
( 278)
Refunds and reimbursements
2,102
( 2,102)
Miscellaneous
1,742
200
1,542
Total revenue
$166,646
0 2
LCIL,1 2)
N
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Actual
over
Budget
(under)
Actual
estimates
estimates
Municipal Court
Regular salaries
$ 11,264
$ 11,246
$
18
Extra salaries
712
900
(
188)
Jury duty
373
750
(
377)
Office supplies
282
300
(
18)
Postage
95
100
(
5)
Water and sewer charges
6
10
(
4)
Repairs and maintenance
70
200
(
130)
Building supplies and service
450
450
Telephone
360
360
Light and power
195
200
(
5)
Fuel
98
150
(
52)
Insurance
40
(
40)
Audit
400
400
Prisoner care
100
(
100)
Miscellaneous
35
100
(
65)
Public Employees' Retirement Association
contributions
320
320
Capital outlay - Furniture and fixtures
100
(
100)
Police department
Regular salaries
119,892
122,137
(
2,245)
Holiday pay
4,769
4,000
769
Extra salaries
663
1,200
(
537)
Police service
728
728
Travel, dues and subscriptions
353
500
(
147)
Office supplies
322
600
(
278)
Postage
49
50
(
1)
Juvenile and investigator expense
240
240
Miscellaneous
400
(
400)
Patrol car operation
2,072
2,000
72
Water and sewer charges
46
30
16
Station supplies
1,689
1,500
189
Equipment repairs and maintenance
281
300
(
19)
Building repairs and expense
534
500
34
Building supplies and service
1,413
1,200
213
Uniform items
972
150
722
Telephone
1,640
1,600
40
Light and power
529
500
29
Fuel
649
400
249
Prisoner care
171
200
(
29)
Drunkometer test
300
200
100
Rent
1,680
800
880
Jail maintenance
500
(
500)
Patrol car repairs
2,949
3,600
(
651)
Insurance
2,405
2,900
(
395)
t
r
w
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1965
Police department (Continued)
Radio service
Audit
Civil service fees and expenses
Miscellaneous
Police Relief Association (general property
taxes collected)
Furniture and fixtures
Equipment
Total expenditures
21
Actual
over
Budget
(under)
Actual
estimates
estimates
$ 458
$ 450
$ 8
400
400
195
100
95
65
100
( 35)
14,056
14,445
( 389)
309
100
209
3,785
4,000
215)
X178.2
1 0
�)
22
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIRE DEPARTMENT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes levied for
Firemen's Relief Association
$ 9,528
$ .9,630
Actual
102)
Other
73,422
over
52
Budget
(under)
$ 83,000
Actual
estimates
estimates
Unappropriated surplus January 1, 1965
$(14,850)
$(14,850)
Add - Revenue (see below)
106,520
1062292
228
Total beginning balance and revenue
$ 91,670
$ 91,442
$ 228
Deduct - Expenditures (Page 23)
1092142
1062292
22850
Unappropriated surplus December 31, 1965
LCLLA122)
-$()
�)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes levied for
Firemen's Relief Association
$ 9,528
$ .9,630
$(
102)
Other
73,422
73,370
52
Total general property taxes
$ 82,950
$ 83,000
$(
50)
Shared State taxes
Cigarette and liquor
13,384
11,000
2,384
Insurance premium
3,733
4,099
(
366)
Standby charges
200
(
200)
Insurance premium refunds
24
1,600
(
1,576)
Miscellaneous
36
36
Transfers from Municipal Liquor Operating Fund
62393
6,393
Total revenue
10 0
$106,292
$ 228
23
'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIRE DEPARTMENT FUND
'
STATEMENT OF EXPENDITURES - ACTUAL COMPARED
WITH BUDGET
ESTIMATES
YEAR ENDED DECEMBER 31,
1965
Actual
Budget
over
(under)
Actual
estimates
estimates
1
Regular salaries
$ 65,106
$ 64,852
$ 254
Holiday pay
2,702
2,500
202
Extra salaries
950
200
750
Fire calls
5,629
8,000
( 2,371)
Standby charges
743
80
663
Travel and schools
400
400
Membership dues
177
150
27
Water and sewer charges
66
60
6
Laundry
144
150
( 6)
Supplies
485
500
( 15)
'
Equipment
2,167
2,000
167
Furniture and fixtures
30
( 30)
Hydrant rental
4,000
4,000
Uniform items
178
178
'
Telephone
1,640
1,600
40
Light and power
887
800
87
Fuel
621
700
( 79)
'
Building repairs and maintenance
,307
400
( 93)
Civil service fees and expense
60
( 60)
Equipment repairs and maintenance
702
800
( 98)
Building improvements
269
200
69
Radio service
316
300
16
Insurance
3,099
3,500
( 401)
Audit
300
300
1
Miscellaneous
24
80
( 56)
Columbia Heights Firemen's Relief Association
(general property and insurance premium taxes
1
collected)
13,262
9,630
3,632
Public Employees' Retirement Association
contributions
4,968
5,000
32)
Total expenditures
j109 .J42
1IL6 2 2
24
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CIVIL DEFENSE FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965
Unappropriated surplus January 1, 1965
Add - Revenue (see below)
Total beginning balance and revenue
Deduct - Expenditures (see below)
Unappropriated surplus December 31, 1965
Budget
Actual estimates
$ 10,825 $ 10,825
14,040 15,366
$ 24,865 $ 26,191
9,725 15,366
$ 15,140 0 2
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Federal aid
Miscellaneous receipts
Total revenue
$ 9,997
3,809
234
Lk
$ 10,000
5,200
166
$ 15,36�
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Actual
over
(under)
estimates
1,326)
$( 1,326)
( 5,641)
$ ( 3)
(
1,391)
68
1 6)
Regular salaries
$ 5,921
$ 5,966
$(
45)
Extra salaries
487
900
(
413)
Travel and dues
555
700
(
145)
Office supplies and postage
151
400
(
249)
Equipment
412
4,000
(
3,588)
Equipment maintenance
367
400
(
33)
Radio Amateur Civil Emergency Service
780
(
780)
Telephone
270
250
20
Light and power - sirens
48
350
(
302)
Rent
600
600
Insurance
401
450
(
49)
Miscellaneous expense
89
150
(
61)
Audit
100
100
Public Employees' Retirement Association
contributions
324
320
4
Total expenditures
L-3-,M
$ 15,366
41)
25
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
STREET DEPARTMENT FUND
' ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965
t
Actual
Budget
over
(under)
Actual
estimates
estimates
Unappropriated surplus January 1, 1965
$(75,204)
$(75,204)
Add - Revenue (See below)
136,083
203,670
$(67,587)
Total beginning balance and revenue
$ 60,879
$128,466
$(67,587)
Deduct - Expenditures (Page 26)
2092097
203,670
5,427
Unappropriated surplus December 31, 1965
STATEMENT OF REVENUE - ACTUAL COMPARED
WITH BUDGET
ESTIMATES
YEAR ENDED DECEMBER 31,
1965
'
General property and other taxes
P P Y
73 478
$ �
72 000
$ �
$ 1,478
Shared State taxes - Cigarette and liquor
21,901
18,000
3,901
'
Equipment rental
19,503
38,000 cf,�)(18,497)
Salary reimbursements from other City funds
2,757
43,000(40,243)
Oil reimbursements from other City funds
3,119
8,000
( 4,881)
'
Charges for labor and materials
1,313
2,000
( 687)
Street repair deposits
1,072
2,788
( 1,716)
County street maintenance agreement
2,508
2,600
( 92)
Other reimbursements
150
7,000
( 6,850)
t
Transfers from Municipal Liquor Operating Fund
103282
102282
Total revenue
1 0
$203,670
�)
1
t
q-1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STREET DEPARTMENT FUND
STATEMENT OF EXPENDITURES- ACTUAL .COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Public Employees' Retirement Association
contributions
Total expenditures
7,500 7,500
jZU,Q K $203,67.Q $ 5,427
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 93,176
$107,360
$(14,184)
Extra salaries
12,600
6,000
6,600
Equipment operations
7,240
7,000
240
Water and sewer charges
137
60
77
General supplies
1,616
2,000
( 384)
Shop supplies and expense
1,573
2,000
( 427)
Street signs
800
2,000
( 1,200)
Street supplies and materials
33,089 - 5,000
18,089
Equipment repair and maintenance
7,241
6,000
1,241
Shop equipment
950
200
750
Shop equipment repair
10
200
( 190)
Equipment
7,429
5,000
2,429
Equipment rental
698
6,000
( 5,302)
Traffic control - Street marking
1,437
600
837
Telephone
304
300
4
Light and power
552
500
52
Street lighting
20,981
22,000
( 1,019)
Traffic signals
2,021
2,100
( 79)
Fuel
531
700
( 169)
Insurance
6,025
8,500
( 2,475)
Audit
400
400
Miscellaneous
1,116
400
716
Traffic light maintenance
342
700
( 358)
Traffic signal installation
100
( 100)
Payment of claims
76
50
26
Tree removal
1,253
1,000
253
Public Employees' Retirement Association
contributions
Total expenditures
7,500 7,500
jZU,Q K $203,67.Q $ 5,427
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATE AID FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Cash balance January 1, 1965
Receipts
Shared State gasoline tax alloted for
Street maintenance
Payment of bonds
Payment of interest on bonds
Transfer from State Aid Maintenance Fund -
Excess costs on completed projects
For payment of interest and service charges
Total receipts
Total beginning cash and receipts
Maintenance Construction
10,819 $(94,749)
$ 10,167
2,388
12,555
23,374
$ 1,768
768
$(92,981)
Debt
Service
1 248
$12,000
3,432
$15,43192
$162680
Disbursements
'
Regular salaries
$ 5,919
$ 1,849
Salary reimbursements to other City funds
Administration Fund
92
22
'
Street Department Fund
1,092
591
Material
9,292
1,757
Equipment rental
5,614
' Contract payments
2,137
238
Engineering fees and expenses
33
Extra construction costs
3,854
548
Miscellaneous
86
City's share of improvements (unassessed
Permanent Improvement Revolving Fund
project)
2,591
® Transfer to State Aid Construction Fund -
�J Excess costs on completed projects
1,768
Transfer to State Aid Debt Service Fund
for payment of interest and service charges
3,432
Bond maturities
$12,000
Interest on bonds
2,532
Fiscal agent's service charges
21
Total disbursements
35,910
5,005
$14,553
Cash balance December 31, 1965
12)
$)
2 1
27
28
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL STATE AID BONDS DEBT SERVICE FUND
BONDS PAYABLE.- DECEMBER 31, 1965,
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1965
Year
Issue
Interest
Maturity
1966
$ 14,388
date
rate
date
Principal
Municipal State Aid Street
2,094
1968
13,794
12,000
Bonds maturing
1969
13,494
12,000
1,494
January 1, 1966
1/1/63
2.40%
1/1/66
$12,000
$12,000 per year
1/1/63
2.50
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
1/1/63
2.90
1/1/72 -73
24,000
Total
$96,000
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1965
Year
Total
Principal
Interest
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
122000
174
$106,50=
000
10 0
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965 .
Unappropriated surplus January 1, 1965
Add - Revenue (see below)
Total beginning balance and revenue
Deduct - Expenditures (Page 30)
Unappropriated surplus December 31, 1965
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Contribution from Independent School
District No. 13
Recreation fees, donations, dance receipts, etc.
Insurance premium refund
Total revenue
t
t
t
$14,260
$14,250
Actual
14,250
14,250
over
4,318
Budget
(under)
Actual
estimates
estimates
$ 616
$ 616
321828
30,850
1,978
$33,444
$31,466
$ 1,978
321720
301850
11870
L-22-4
1--l16
10
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Contribution from Independent School
District No. 13
Recreation fees, donations, dance receipts, etc.
Insurance premium refund
Total revenue
t
t
t
$14,260
$14,250
$ 10
14,250
14,250
4,318
2,100
2,218
250
250)
29
3t]
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Regular salaries
Extra salaries
Police duty
Travel
Office supplies
Magazine and books
Equipment room and communication center
Playground and preschool equipment and material
Athletic equipment, materials and trophies
Entry fees
Preschool program
Miscellaneous equipment
Telephone
Insurance
Audit
Dues
Miscellaneous expenses
Referee fees
Transportation
Beach supervision
Mentally retarded program
Public Employees' Retirement Association
contributions
Total expenditures
800 ( 800)
300 ( 300)
520 520
2 20 0 0 180
Actual
over
Budget
(under)
Actual
estimates
estimates
$ 8,131
$ 8,100
$ 31
16,802
16,000
802
170
150
20
95
125
( 30)
341
300
41
43
75
( 32)
134
134
1,484
800
684
1,081
1,000
81
80
( 80)
125
200
( 75)
341
50
291
300
300
379
350
29
300
300
45
45
666
250
416
1,657
1,000
657
106
150
( 44)
800 ( 800)
300 ( 300)
520 520
2 20 0 0 180
r
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Revenue from the use of money and property
Hall rent
Other rents
Canteen
Interest on investment
Refunds
Miscellaneous
Transfer from Municipal Liquor Operating Fund
Total revenue
$149,760 $150,000 $( 240)
6,499
6,000
499
Actual
200
( 108)
4,361
over
761
Budget
(under)
Actual
estimates
estimates
Unappropriated surplus January 1, 1965
$(31,151)
$(31,151)
10.211
Add - Revenue (see below)
1711271
1721069
798)
Total beginning balance and revenue
$140,120
$140,918
$( 798)
Deduct - Expenditures (Page 32)
199,618
172,069
27,549
Unappropriated surplus December 31, 1965
(31115 )
�L(28,347)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Revenue from the use of money and property
Hall rent
Other rents
Canteen
Interest on investment
Refunds
Miscellaneous
Transfer from Municipal Liquor Operating Fund
Total revenue
$149,760 $150,000 $( 240)
6,499
6,000
499
92
200
( 108)
4,361
3,600
761
58
( 58)
1,000
( 1,000)
348
1,000
( 652)
10.211
10.211
$171,21-1- 12)
31
32
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
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
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
Landscaping and greenhouse
Appraisal, engineering and architect fees
Ball Park Lighting
Furniture and fixtures
Machinery equipment and tools
Building construction
Park improvements
Land purchased
Special assessments
Miscellaneous budgets
Public Employees' Retirement Association
contributions
Transfer to General Debt Service Fund
Total expenditures 1199,618 ,$172,069 L 2 20549
Actual
over
Budget
(under)
Actual
estimates
estimates
$ 52,151
$ 53,697
$( 1,546)
6,264
5,000
1,264
180
150
30
125
50
75
90
70
20
435
400
35
3,742
3,000
742
37
75
( 38)
654
700
( 46)
1,540
4,100
( 2,560)
14
150
( 136)
316
350
( 34)
1,105
1,200
( 95)
2,002
2,500
( 498)
2,278
1,000
1,278
1,975
2,500
( 525)
300
300
244
500
( 256)
817
850
( 33)
4,409
4,000
409
1,834
900
934
10
50
( 40)
204
250
( 46)
1,454
2,000
( 546)
105
200
( 95)
311
400
( 89)
35
35
376
285
91
397
1.75
222
3,449
4,000
( 551)
14,610
12,970
1,640
12,433
11,379
1,054
6,107
7,000
( 893)
23,414
19,658
3,756
260
( 260)
2,800
�
2,800
6 53,401
29,150
24,251
Total expenditures 1199,618 ,$172,069 L 2 20549
t
t
r
t
1
1
1
1
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1965
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Fines
Donations
Miscellaneous receipts
Reimbursement for purchase of typewriter
Total revenue
$ 25,002 $ 25,000 $ 2
973 650 323
72 60 12
229 300 ( 71)
121 121
38 Z
33
Actual
over
Budget
(under)
Actual
estimates
estimates
Unappropriated surplus January 1, 1965
$( 6,563)
$( 6,563)
Add - Revenue (see below)
26,397
26,010
387
Total beginning balance and revenue
$ 19,834
$ 19,447
$ 387
Deduct - Expenditures (Page 34)
25,329
261010
( 681)
Unappropriated surplus December 31, 1965
( 5.495)
LC-k,5b3)
1,068
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
General property and other taxes
Fines
Donations
Miscellaneous receipts
Reimbursement for purchase of typewriter
Total revenue
$ 25,002 $ 25,000 $ 2
973 650 323
72 60 12
229 300 ( 71)
121 121
38 Z
33
34
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1965
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 5,629
$ 5,600
$ 29
Extra salaries
6,593
7,000
( 407)
Water and sewer charges
31
30
1
Books and magazines
7,909
7,500
409
Supplies
770
750
20
Postage
17
25
( 8)
Building and equipment repair and maintenance
63
500
( 437)
Building supplies and service
968
700
268
Telephone
203
200
3
Light and power
428
500
( 72)
Fuel
432
600
( 168)
Insurance
544
130
414
Audit
150
150
Travel and dues
26
100
( 74)
Miscellaneous
104
175
( 71)
Public Employees' Retirement Association
contributions
850
850
Furniture and fixtures
491
1,200
( 709)
Purchase of typewriter
121
121
Total expenditures
25,222
$ 26,010
$( 681)
t
w
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BAND FUND
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Cash balance January 1, 1965 $ 134
Receipts
Transfers from the Municipal Liquor Operating Fund 11000
Total beginning cash and receipts $ 1,134
Disbursements
Band services $ 428
Transportation 83
Supplies 109
Total disbursements 621
Cash balance December 31, 1965
BUILDING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Cash balance January 1, 1965 $22,234
Disbursements - Remodeling dispatchers office 22112
Cash balance December 31, 1965 20 22
35
36
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FLOOD CONTROL FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 311 1965
Receipts
State of Minnesota - Flood relief
Proceeds from sale of Emergency Debt Certificate
Total receipts
Disbursements
Salaries and labor $ 40,711
Sewer line inspection 21,277
Equipment rental 17,976
Materials 3,811
Well rehabilitation 22613
Total disbursements
Cash balance December 31, 1965
$ 75,015
31,000
$106,015
86,388
37
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
BOND FUNDS
COMMENTS
Library Construction Fund - This fund was established in 1965 to account for the con-
struction of an addition to the public library. Temporary financing has been provided
by a loan from the Permanent Improvement Revolving Fund. During 1966 the City will
issue bonds to provide the financing and repay the temporary loan.
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 facil-
ities. A separate account in the General Debt Service Fund has been established to
handle debt service for this bond issue. Additional financing of $46,506 will have to
be provided by the City to cover all expenses incurred in acquisition and development
of park and playground facilities. The temporary loan of $32,600 will be repaid to
the Permanent Improvement Revolving Fund when the financing is provided.
Storm Sewer Construction Fund - The
proceeds
from the sale of the $350,000 and
$915,000 Storm Sewer Bonds of 1964
and 1965,
respectively, are accumulated in this
fund. The proceeds are to be used
for construction of storm sewer drainage facilities.
The accounting for the construction
is being
done in the Permanent Improvement Re-
volving Fund and transfers will be
made from
the Storm Sewer Construction Fund as
monies are needed.
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 facil-
ities. A separate account in the General Debt Service Fund has been established to
handle debt service for this bond issue. Additional financing of $46,506 will have to
be provided by the City to cover all expenses incurred in acquisition and development
of park and playground facilities. The temporary loan of $32,600 will be repaid to
the Permanent Improvement Revolving Fund when the financing is provided.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BOND FUNDS
BALANCE SHEETS - DECEMBER 31, 1965
Library Storm Sewer Park
Construction Construction Construction
Combined Fund Fund Fund
ASSETS
Cash
$1,003,082
$ 81,824
$ 932,882
$( 11,624)
Investment - Emergency Debt Cer-
tificate (Flood Control Fund)
31,000
31,000
Account receivable - Permanent
Improvement Revolving Fund
8,500
8,500
Accrued interest receivable
7,552
7,552
Delinquent taxes receivable
1,780
1,780
Amounts to be provided by future
revenues for
Library construction
134,559
134,559
Park construction
46,506
46,506
Total assets
$1,2320979
$ 216,383
$ 981.714
$ 34,882
LIABILITIES, RESERVE AND APPROPRIATION
Liabilities
Accounts payable
Permanent Improvement Re-
volving Fund - For storm
sewer construction
$ 955,464
$ 955,464
Other
86
$ 78
8
Accrued interest payable
6,287
4,005
$ 2,282
Emergency Debt Certificates
Permanent Improvement Re-
volving Fund
89,000
89,000
Permanent Improvement Re-
volving Bond Fund Account
32,600
32,600
Contracts payable
8,100
8,100
Retained percentage on contracts
900
900
Reserve for encumbrances
114,300
114,300
Unencumbered appropriation
balance
26,242
26,242
Total liabilities, reserve
and appropriation
$1,232,979
$ 216,383
$ 981,,714
$. 34,882
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
BOND FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Cash balance January 1, 1965
Receipts
General property and other
taxes
Other governmental units - Share
of construction costs
Proceeds from sale of bonds
Transfer from Municipal Liquor
Operating Fund
Proceeds from sale of Emergency
Debt Certificate
Rent
Total receipts
Total beginning cash
and receipts
Disbursements
Regular salaries
Professional services
Materials
Equipment rental
Contract payments
Land purchase
Special assessments
Contract payments
Miscellaneous
Purchase of Emergency Debt
Certificate
Payment of Emergency Debt
Certificate
Interest on Emergency Debt
Certificate
Transfer for principal and in-
terest on storm sewer bonds to
Permanent Improvement Revolv-
ing Fund
Storm Sewer Bonds of 1964
Storm Sewer Bonds of 1965
Total disbursements
Cash balance December 31, 1965
39
Library Storm Sewer Park
Construction Construction Construction
Combined Fund Fund Fund
$( 127,710) $( 127,125) $( 585)
$ 49,369
7,027
1,265,000
43,450
89,000
925
$1,454,771
$ 21,000
89,000
925
$ 110,925
$ 49,369
7,027
1,265,000
22,450
$1,343,846
$1,327,061 $ 110,925 $1,216,721 $( 585)
$ 4,629
$ 27
$ 4,602
18,664
6,052
9,674
$ 2,938
1,667
1,667
145
145
109
109
21,000
21,000
1,687
1,687
7,987
7,987
1,312
335
863
114
31,000
31,000
79,610
79,610
2,032
2,032
53,163
53,163
60,139
6011139
402835
402835
$ 323,979
29,101
$ 283,839
$ 11,039
$1.003 ^082
$ 81,824
932.882
$( 11,624)
IMN
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
COMMENTS
0
The Permanent Improvement Revolving Fund is used to account for special assessments
and taxes levied to finance improvements or services deemed to benefit the proper-
ties against which the assessments are levied. Primarily, transactions accounted for
in this fund are:
1. Receipt of bond proceeds.
2. Disbursement of bond proceeds for construction work done.
3. Disbursement of storm sewer construction costs and the reimbursements
for such costs from the Storm Sewer Construction Fund.
4. Collection of assessments against benefited property and collection
of taxes for the City's share of improvements.
5. Disbursement of assessment and tax collections to the General Debt
Service Fund for payment of bonds and interest.
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
' BALANCE SHEET - DECEMBER 31, 1965
LIABILITIES AND RESERVES
Liabilities
' Accounts payable
Storm Sewer Construction Fund $ 8,500
Other 5,932
' Contracts payable 181,622
Retained percentages on contracts 48,153
Deposits 16,328
Reserves for
Payment of bonds and interest 1,396,417
Encumbrances 740,559
Total liabilities and reserves $2,397,511
(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
and special assessments. Taxes for this purpose in the amount of $80,000 were
levied for collection in 1966.
(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 canceling corresponding
annual collectible amounts of deferred taxes receivable shown in the account.
41
ASSETS
Cash
Investment - Library Construction Fund Emergency
$ 79,656
Debt Certificate
89,000
Accounts receivable
Storm Sewer Construction Fund
955,464
Other
15,115
Accrued interest receivable
6,005
Delinquent taxes receivable
548
1
Special assessments receivable
Delinquent (principal and interest)
172,982
Deferred (Principal only)
737,407
Unassessed costs
Storm Sewer
239,651
Other
101,683
Total assets
$2,397,511
LIABILITIES AND RESERVES
Liabilities
' Accounts payable
Storm Sewer Construction Fund $ 8,500
Other 5,932
' Contracts payable 181,622
Retained percentages on contracts 48,153
Deposits 16,328
Reserves for
Payment of bonds and interest 1,396,417
Encumbrances 740,559
Total liabilities and reserves $2,397,511
(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
and special assessments. Taxes for this purpose in the amount of $80,000 were
levied for collection in 1966.
(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 canceling corresponding
annual collectible amounts of deferred taxes receivable shown in the account.
41
42
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Cash balance January 1, 1965 $157,996
Receipts
General property and other taxes
$ 7,299
Special assessments
Collected by City $331.,030
89,000
Collected by County
16,894
Principal 138,588
11,324
Interest and penalties 5,738
7,801
Extra construction costs
475,356
Private water and sewer connection fees
1,465
Interest on investments
20,625
Special assessment searches and
105
other receipts
318
County share of storm sewer costs
5,422
City's share of improvements (reimbursement
10,075
from other City Funds for unassessed costs
1,749
of completed or canceled projects)
6,099
Transfer from Storm Sewer Construction Fund
10
for payment of principal and interest on bonds
53,163
Emergency Debt Certificate maturity
79,610
Interest on Emergency Debt Certificate
2,032
Total receipts
651,389
Total beginning cash and receipts
$809,385
Disbursements
Contract payments
$140,709
Purchase of Library Construction Fund
Emergency Debt Certificate
89,000
Equipment rental
16,894
Regular salaries
11,324
Materials
7,801
Extra construction costs
3,279
Insurance
763
Audit
500
Appraisal fees
105
Engineering salaries
13,511
Administrative expenses
6,431
Engineering expenses
10,075
Easements
1,749
Advertising
244
Miscellaneous
10
Transfers to General Debt Service Fund
427,334
Total disbursements
729,729
Cash balance December 31, 1965
1 CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
COMMENTS
1
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 six
accounts. Following is a brief description of each account.
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
1 and subsequently transferred to this account.
Park Bonds of 1962 Account Debt retirement (bonds and interest) of general ob-
ligation bonds in the amount of $325,000 issued February 1, 1962 is being accounted
1 for in this account. General property taxes are being collected in the Park Fund
to provide the money required.
1 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.
General property taxes are being collected in the Storm Sewer Construction Fund to
1 provide the money required.
Storm Sewer Bonds of 1965 Account - This account was established during 1965 to handle
the debt retirement of the $915,000 issue of Storm Sewer Bonds of 1965. General pro-
f perty taxes along with special assessments will provide the necessary monies for
payment of principal and interest.
Water System Bonds of 1965 Account - Debt retirement of water revenue bonds is to
be made from monies transferred from the Water Utility Operating Fund.
43
44
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BALANCE SHEET - DECEMBER 31, 1965
x The City is following the practice of canceling current collectible amounts of de-
ferred taxes receivable shown for all bond issues except the Storm Sewer Bonds of
1964 Account and Storm Sewer Bonds of 1965 Account, since amounts equal to bond and
interest payments made from these accounts are transferred from other City funds.
Permanent
Improvement
Revolving
Fund Bonds
Total
Account
ASSETS
Cash
$ 512,164
$ 367,032
Cash with fiscal agents
136,850
116,158
Investments, at cost
( @UZI
City of Columbia Heights bonds (Page 70)
44,646
44,646
Park Construction Bond Fund Emergency
���
Debt Certificate
32,600
—0�7 32,600
Accrued interest receivable
b 3,100
3,100
Deferred taxes receivable*
3,794,800
1,460,235
Amount to be provided by future revenues
348,004
3,735
Total assets
$4,872164
$2,027,506
LIABILITIES AND RESERVE
Bonded indebtedness
Matured bonds and interest
$ 85,305
$ 64,613
Future maturities
Bonds (Page 48)
3,685,000
1,750,000
Interest
933,489
212,893
Reserve for payment of bonds and interest
168,370
Total liabilities and reserve
$4,872,164
2.027.506
x The City is following the practice of canceling current collectible amounts of de-
ferred taxes receivable shown for all bond issues except the Storm Sewer Bonds of
1964 Account and Storm Sewer Bonds of 1965 Account, since amounts equal to bond and
interest payments made from these accounts are transferred from other City funds.
1
1
Municipal
Building
Bonds
of 1959
Account
$ 14,032
12,555
1
1
111,940
' $ 138,527
1
' $ 12,555
100,000
18,125
7,847
$ 138,,27
1
1
1
349 423,200 1,449,925
10,462 333,807
S 391,048 $ 477,884 $1.492.022 $ 345,177
$ 525 $ 7,612
310,000 350,000 $ 915,000 $ 260,000
80,523 57,995 478,776 85,177
62,277 98,246
$ 391,048 $ 477,884 1.492.02 ,$ 345,177
45
Storm
Storm
Water
Park
Sewer
Sewer
System
Bonds
Bonds
Bonds
Bonds
of 1962
of 1964
of 1965
of 1965
Account
Account
Account
Account
$ 30,561
$ 47,072
$ 42,097
$ 11,370
525
7,612
349 423,200 1,449,925
10,462 333,807
S 391,048 $ 477,884 $1.492.022 $ 345,177
$ 525 $ 7,612
310,000 350,000 $ 915,000 $ 260,000
80,523 57,995 478,776 85,177
62,277 98,246
$ 391,048 $ 477,884 1.492.02 ,$ 345,177
45
C.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Disbursements
Bond maturities $ 409,000 $370,000
Interest on bonds 83,744 69,737
Fiscal agent's service charges 743 641
Total disbursements $ 493,487 $440,378
Cash balance December 31, 1965 $ 512,164 jjkZ.,Q 2
Permanent
Improvement
Revolving
Fund Bonds
Combined
Account
Cash balance January 1, 1965
$ .3821199
$380,076
Receipts
Transfers from
Administration Fund
$ 28,143
Park Fund
53,401
Storm Sewer Construction Fund
100,974
Permanent Improvement Revolving Fund
427,334
$427,334
Water System Improvement Fund
11,110
Accrued interest on bonds sold
2,490
Total receipts
$ 623,452
$427,334
Total beginning balance and receipts
$1,005,651
$807,410
Disbursements
Bond maturities $ 409,000 $370,000
Interest on bonds 83,744 69,737
Fiscal agent's service charges 743 641
Total disbursements $ 493,487 $440,378
Cash balance December 31, 1965 $ 512,164 jjkZ.,Q 2
t
1
1
1
1
1
1
1
1
1
1
1
1
Municipal
Storm
Storm
Water
Building
Park
Sewer
Sewer
System
Bonds
Bonds
Bonds
Bonds
Bonds
of 1959
of 1962
of 1964
of 1965
of 1965
Account
Account
Account
Account
Account
18)
2 141
$ 28,143
$ 53,401
$ 60,139
$ 40,835
$ 11,110
968
1,262
260
28 143
53,401
61,107
42,097
11,370
28,125
55,542
61,107
42,097
11,370
$ 10,000
$ 15,000
$ 14,000
4,070
9,937
23
44
35
14,093
724,981
14 035
� 0
0 1
,� 42,097
S 11,70
47
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1965
$ 25,000
Permanent Improvement Revolving
Issue
Interest
Maturity
Fund Bonds maturing
date
rate
date
Principal
Permanent Improvement Revolving
9/1/57
4.50
12/1/66 -72
$ 350,000
Fund Bonds Account
10/1/61
3.00
10/1/68
50,000
Permanent Improvement Revolving
10/1/61
3.20
10/1/69 -70
100,000
Fund Bonds maturing
6/1/59
3.50
6/1/66 -69
$ 220,000
January 1, 1966
9/1/55
3.10%
9/1/66
$ 35,000
Permanent Improvement Revolving
Fund Bonds maturing
7/1/60
3.50
7/1/66
$ 90,000
December 1, 1966
12/1/56
3.60
12/1/66
$ 20,000
December 1, 1967
12/1/56
3.60
12/1/67
5,000
$ 25,000
Permanent Improvement Revolving
Fund Bonds maturing
$50,000 per year
9/1/57
4.50
12/1/66 -72
$ 350,000
Permanent Improvement Revolving
10/1/61
3.00
10/1/68
50,000
Fund Bonds maturing
10/1/61
3.20
10/1/69 -70
100,000
$55,000 per year
6/1/59
3.50
6/1/66 -69
$ 220,000
Permanent Improvement Revolving
Fund Bonds maturing
July 1, 1966
7/1/60
3.50
7/1/66
$ 90,000
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
$ 390,000
Permanent Improvement Revolving
Fund Bonds maturing
$80,000 per year
10/1/61
3.00
10/1/66 -67
$ 160,000
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
100,000
$ 410,000
Permanent Improvement Revolving
Fund Bonds maturing
$40,000 per year 1/1/63 2.50 1/1/66 -67 $ 80,000
$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
$ 320,000
Total Permanent Improvement Revolving Fund Bonds Account $1,750,000
49
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1965 (CONTINUED)
Issue Interest
Maturity
date
rate
date
Principal
Municipal Building Bonds of 1959 Account
Municipal Building Bonds maturing
$10,000 per year
6/1/59
3.50
12/1/66 -69
$ 40,000
$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
30,000
Total Municipal Building Bonds of 1959
Account
$ 100,000
Park Bonds of 1962 Account
Park Bonds maturing
$15,000 per year
2/1/62
2.70
2/1/66 -68
$ 45,000
$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
40,000
$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
2/1/78 -79
60,000
Total Park Bonds of 1962 Account
$ 310,000
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
50
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1965 (CONTINUED)
�c Plus additional interest at the rate of 2.00% per annum on all
bonds for the period January 1, 1966 to July 1, 1966.
Total General Debt Service Fund bonds payable $3,685,000
Issue
Interest
Maturity
date
rate
date
Principal
Storm Sewer Bonds
of 1965 Account
Storm Sewer Bonds
maturing
$30,000
per
year
10/1/65
3.10
*%
1/1/71 -73
$ 90,000
January
1,
1974
10/1/65
3.20*
1/1/74
30,000
January
1,
1975
10/1/65
3.20*
1/1/75
35,000
January
1,
1976
10/1/65
3.40*
1/1/76
35,000
$40,000
per
year
10/1/65
3,40*
1/1/77 -78
80,000
January
1,
1979
10/1/65
3.40*
1/1/79
45,000
January
1,
1980
10/1/65
3.50*
1/1/80
45,000
January
1,
1981
10/1/65
3.50*
1/1/81
85,000
January
1,
1982
10/1/65
3.50*
1/1/82
95,000
January
1,
1983
10/1/65
3.60*
1/1/83
105,000
January
1,
1984
10/1/65
3.60*
1/1/84
130,000
January
1,
1985
10/1/65
3.60*
1/1/85
140,000
Total Storm
Sewer Bonds of
1965 Account
$ 9152000
General Obligation
Water Revenue Bond
Account
Water System Bonds maturing
January
1,
1971
10/1/65
3.10*
1/1/71
$ 35,000
$25,000
per
year
10/1/65
3.10*
1/1/72 -73
50,000
$25,000
per
year
10/1/65
3.20*
1/1/74 -75
50,000
$25,000
per
year
10/1/65
3.40*
1/1/76 -79
100,000
January
1,
1980
10/1/65
3.50*
1/1/80
25,000
Total General Obligation Water Revenue
Bond
Account
$ 260,000
�c Plus additional interest at the rate of 2.00% per annum on all
bonds for the period January 1, 1966 to July 1, 1966.
Total General Debt Service Fund bonds payable $3,685,000
51
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE.FUND
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1965
Year
Total
Principal
Interest
1966
$ 555,143
$ 430,000
$125,143
1967
459,520
350,000
109,520
1968
412,870
315,000
97,870
1969
407,053
320,000
87,053
1970
342,030
265,000
77,030
1971
396,773
330,000
66,773
1972
314,843
260,000
54,843
1973
210,522
165,000
45,522
1974
1661175
125,000
41,175
1975
167,360
130,000
37,360
1976
118,445
85,000
33,445
1977
120,470
90,000
30,470
1978
122,310
95,000
27,310
1979
123,965
100,000
23,965
1980
91,025
70,000
21,025
1981
103,312
85,000
18,312
1982
110,163
95,000
15,163
1983
116,610
105,000
11,610
1984
137,380
130,000
7,380
1985
142,520
140,000
_ 2,520
54.618.489
$30685,000
$933,La9
52
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
COMMENTS
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 income and retained
earnings for purposes of comparison. Percentages and detailed statements by stores
are included in the report as additional aids in reviewing results of operations.
Shown below is a condensed summary of liquor store operations for 1963, 1964 and 1965.
1965
1964
1963
Percent
Percent
Percent
of sales
of sales
of sales
Sales
Off sale
$634,339
74.69
$598,540
74.47
$515,967
72.50
On sale
214,960
25.31
205,176
25.53
195,673
27.50
Total sales
$849,299
100.00
$803,716
100.00
$711,640
100.00
Cost of sales (ex-
cluding discounts)
599,969
70.64
575,380
71.59
504,045
70.83
Gross profit before
discounts
$249,330
29.36
$228,336
28.41
$207,595
29.17
Add discounts
28,797
3.39
28,867
3.59
25,667
3.61
Gross profit
$278,127
32.75
$257,203
32.00
$233,262
32.78
Operating expenses
172,235
20.28
162,285
20.19
155,042
21.79
Operating income
$105,892
12.47
$ 94,918
11.81
$ 78,220
10.99
Other income and
expense (net)
1,982
.24
4,241
.53
1,418
.20
Net income
3 1 7 874
12°71
99 1
__LL 4
79,638
11.19
Percent of
Percent of
Percent
net income
net income
net income
Transfers to other
City Funds
$ 79,427
73.63
S 59,293
59.80
'7,5 1,299
89,53
53
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
BALANCE SHEET - DECEMBER 31, 1965 AND 1964
LIABILITIES AND RETAINED EARNINGS
CURRENT LIABILITIES
Accounts payable
Administration Fund $ 3,674 $ 12,682
Public Employees' Retirement Association 11,332 10,201
Other 30,643 28,268
Accrued wages payable 1,174 5,172
Special assessments payable 93
Total current liabilities 46,823 56,416
RETAINED EARNINGS
Invested in fixed assets (net fixed assets) $217,867 $225,097
Net working capital (current assets less
current liabilities) 86,883 44,267
Total retained earnings $304,75 0 269 364
Total liabilities and retained earnings $351,573 $325, Z.0
1965
1964
ASSETS
CURRENT ASSETS
Cash
$ 46,291
$ 15,872
Account receivable - Municipal Liquor Debt Service
Fund
4,392
Insurance premium refund receivable
1,394
Inventories, at cost
79,263
83,398
Prepaid insurance
2,366
1,413
Total current assets
$1332706
$1002683
FIXED ASSETS, at cost
Land and improvements
$ 34,681
$ 34,231
Buildings and improvements
180,174
180,174
Furniture and equipment
712310
68,981
Total cost
$286,165
$283,386
Less accumulated depreciation
68,298
58,289
Total fixed assets (net)
$217,867
$225,097
Total assets
1
$325,780
LIABILITIES AND RETAINED EARNINGS
CURRENT LIABILITIES
Accounts payable
Administration Fund $ 3,674 $ 12,682
Public Employees' Retirement Association 11,332 10,201
Other 30,643 28,268
Accrued wages payable 1,174 5,172
Special assessments payable 93
Total current liabilities 46,823 56,416
RETAINED EARNINGS
Invested in fixed assets (net fixed assets) $217,867 $225,097
Net working capital (current assets less
current liabilities) 86,883 44,267
Total retained earnings $304,75 0 269 364
Total liabilities and retained earnings $351,573 $325, Z.0
54
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENT OF INCOME AND RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1965 AND 1964
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
$634,.339
214.960
$849,299
599,969
$249,330
28.797
$278,127
172,235
$105,89'2
1965
Percent
of sales
74.69
25.31
100.00
70.64
29.36
3.39
32.75
20.28
12.47
$598,540
205,176
$803,716
575,380
$228,336
28,867
$257,203
162,285
$ 94,918
1964
Percent
of sales
74.47
25.53
100.00
71.59
28.41
3.59
32.00
20.19
11.81
2,344 .28 2,130 .27
( 362) ( .04) ( 739) ( .09)
Net income $107,874
Retained earnings beginning of year
269,364
Transfers to other City funds
Administration Fund
( 8,091)
Fire Department Fund
( 6,393)
Street Department Fund
(10,282)
Park Fund
(10,211)
Band Fund
( 1,000)
Library Construction Fund
(21,000)
Storm Sewer Construction Fund
(22,450)
Municipal Liquor Debt Service Fund
Adjustments
Amounts in excess of debt service
requirements transferred to
Municipal Liquor Debt Service Fund
5,545
Retrospective insurance refund applicable
to prior years
1,394
Retained earnings end of year
3 4 7
2,850 .35
12.71 $ 99,159 12.34
229,498
( 7,750)
(15,000)
(10,000)
( .1,000)
(20,000)
( 5,543)
$269,364
t
t
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENT OF OPERATING EXPENSES
YEARS ENDED DECEMBER 31, 1965 AND 1964
55
1965
1964
Percent
Percent
of sales
of sales
Salaries and wages
$123,878
14.59
$116,338
14.47
Contributions to Public Employees'
Retirement Association
8,046
.95
6,730
.84
Employees' welfare
2,982
.35
2,757
.34
Laundry
1,401
.16
1,255
.16
Bar supplies
1,085
.13
1,040
.13
Store supplies
2,355
.28
2,302
.29
Office supplies
96
.01
199
.02
Store expenses
7,271
.86
6,661
.83
Telephone
710
.08
723
.09
Utilities
7,496
.88
7,982
.99
Rent
2,025
.25
Insurance and bonds
3,754
.44
3,607
.45
Depreciation
10,009
1.18
8,506
1.06
Maintenance and repair
2,252
.27
1,258
.16
Licenses and memberships
100
.01
102
.01
Independent auditing
800
.09
800
.10
Total operating expenses
172 2 5
20.28
$162,28
2L19
55
56
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING INCOME FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1965
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
$849,299 $634,339
599,969 516,207
$249,330 $118,132
29.36% 18.62%
28,797
24,374
3.39%
3.84%
$278,127
$142,506
32.75%
22.46%
172,235 79,034
20.28% 12.44%
$105,892 $ 63,472
12.= 10.02%
r
Off
sale stores
_
On sale
No. 1
No. 2
No. 3
store
$288,137
$170,097
$176,105
$214,960
2352456
1372889
142,862
83,762
$ 52,681
$ 32,208
$ 33,243
$131,198
18.28%
18.94%
18.88%
61.03%
10,833
7,778
5,763
4,423
3.76%
4.57%
2.27%
2.06%
$ 63,514
$ 39,986
$ 39,006
$135,621
22.04%
23.51%
22.15%
63.09%
32,311
22,039
24,684
93,201
11.21%
12.97%
14.02%
43.36%
$ 31,203
$ 17,947
$ 14,322
$ 42,420
10.83%
10.55%
8.13%
19.73%
57
58
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING EXPENSES FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1965
Total
_ To_tal
all
Percent
stores
of sales
Salaries and wages
$123,878
$ 54,648
8.61
Contributions to Public Employees'
Retirement Association
8,046
3,600
.57
Employees' welfare
2,982
950
.15
Laundry
1,401
312
.05
Bar supplies
1,085
Store supplies
2,355
1,356
.21
Office supplies
96
91
.02
Store expense
7,271
2,817
.44
Telephone
710
710
.11
Utilities
7,496
4,924
.78
Insurance and bonds
3,754
2,800
.44
Depreciation
10,009
5,063
.80
Maintenance and repair
2,252
.1,075
�16
Licenses and memberships
100
88
.01
Independent auditing
800
600
.09
Total operating expenses
$172,235
79,034
12,44
Off sale stores
No. 1 No. 2 No. 3
$ 21,503
1,425
431
130
1,255
36
1,544
336
1,923
1,275
2,022
201
30
200
Percent
of sales
7.46
$ 16,463
.49
1,082
.15
290
04
76
.44
33
.O1
20
.54
558
.12
181
.67
954
.44
751
.70
1,103
.07
299
.O1
29
.07
200
Percent
of sales
9.68
$ 16,682
.64
1,093
.17
229
.04
106
.02
68
.O1
35
.33
715
.11
193
.56
2,047
.44
774
.65
1,938
.18
575
.02
29
.12
200
32,311 11.21 22 39 12.97 24 684
On sale
Percent
of sales
9.47
$ 69,230
.62
4,446
.13
2,032
.06
1,089
1,085
.04
999
.02
5
.41
4,454
.11
1.16
2,572
.44
954
1.10
4,946
.33
1,177
.02
12
.11
200
1422 9 2Q1
Percent
of sales
32.21
2.07
.95
.51
.50
.46
2.07
1.20
.44
2.30
.55
.01
.09
43.36
59
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR DEBT SERVICE FUND
COMMENTS
This fund accounts for the accumulation of resources for payment of Municipal
Building Bonds dated December 1, 1956 and interest thereon. Revenue of the Muni-
cipal Liquor Operating Fund was pledged to the retirement of these bonds.
Accordingly, transfers were made from the Municipal Liquor Operating Fund to meet
debt service requirements. During 1965 final payment was made on the bonds and the
December 31, 1965 cash balance of $4,392 can be transferred to the Municipal Liquor
Operating Fund.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR DEBT SERVICE FUND
BALANCE SHEET - DECEMBER 31, 1965
ASSETS
Cash LA,192
LIABILITY
Account payable - Municipal Liquor Operating Fund 392
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Cash balance January 1, 1965 $15,574
Disbursements
Bond principal $10,000
Bond interest 370
Fiscal agent service charges 18
Transfer to Municipal Liquor Operating Fund 794
Total disbursements 11,182
Cash balance December 31, 1965
I
61
62
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC UTILITY FUNDS
COMMENTS
Water and sewer utilities operating funds - These funds account for the operations
of the City owned water and sanitary sewer systems. 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. During 1965 water revenue bonds in the amount of $260,000
were sold. Income of the Water Utility Operating Fund will be used for payment of
principal and interest on these bonds.
Water System Improvement Fund - This fund was established in 1965 to account for the
proceeds of $260,000 from the sale of Water System Bonds of 1965. The bond proceeds
will be used for construction and improvement of the City's water distribution
system. Debt retirement of the Water System Bonds of 1965 is being accounted for in
the General Debt Service Fund.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC UTILITY FUNDS
BALANCE SHEETS - DECEMBER 31, 1965
ASSETS
CURRENT ASSETS
Water
Utility
Operating
Combined Fund
Cash $366,869
Accounts receivable
Other funds 609
Customers 64,843
Other 1,489
Accrued interest receivable 2,000
Delinquent taxes receivable 584
Inventory - Water meters, at cost 6,593
Total assets 5442,987
LIABILITIES AND FUND BALANCE
CURRENT LIABILITIES
Accounts payable
Water Utility Operating Fund $ 609
Public Employees' Retirement
Association 6,292
City of Minneapolis, Minnesota 29,602
Other 4,833
Contracts payable 4,702
Special assessments payable 4,592
Total current liabilities $- 50,630
DEFERRED LIABILITY - City of
$ 81,319
609
41,494
819
6,593
,5130 ;834
Sewer
Water
Utility
System
Operating
Improvement
Fund
Fund
$ 38,513 $247,037
23,349
670
2,000
584
C Lj 6 4 3
$ 609
$ 3,146 $ 3,146
9,485 20,117
2,853 1,980
4,702
1,139 3,453
$ 16,623 $ 28,696 $ 5,311
63
Minneapolis, Minnesota
414
414
UNENCUMBERED APPROPRIATION BALANCE
243,726
243,726
FUND BALANCE
148,217
114,211 34,006
Total liabilities and fund balance
1131,,834 $ 63,116
$249,037
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.
64
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1965
Operating revenue
Water sales
$233,654
Hydrant rental
4,000
Meter sales
6,157
Service connections
2,663
Penalties
2,216
Refunds and reimbursements
1,402
Meter repairs and special service
894
Retrospective insurance adjustment
670
Total operating revenue
$251,656
Operating expenses (see footnote)
Water purchases
$138,998
Regular salaries
27,033
Extra salaries
2,682
Office supplies
419
Postage
559
Meter repair parts
373
Plumbing supplies
2,902
Meters
4,858
Supplies
1,096
Equipment repair and maintenance
2,834
Tank service
540
Telephone
524.
Light and power
3,960
Fuel
323
Rent
300
Main repair and maintenance
2,735
Hydrant repair and maintenance
651
Insurance
1,241
Audit
300
Public Employees' Retirement Association contributions
2,509
Miscellaneous
164
Total operating expenses
195,001
Operating income
$ 56,655
Other expense - Interest on special assessments
82)
Net income $ 56,573
Fund balance, January 1, 1965 61,709
Deduct - Capital outlay expenditures
Trunk extension $ 3,008
Equipment 985
Furniture and fixtures 78 4,071)
Fund balance, December 31, 1965 LIL4, 211
Note - Depreciation is not included as an operating expense. See note on balance
sheet.
65
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1965
Operating revenue - Sewer rental
$107,293
Operating expenses (see footnote)
Regular salaries
$ 31,075
Extra salaries
4,669
City of Minneapolis
Sewage disposal and maintenance charges
34,994
Storm water disposal charges
914
Office supplies
129
Postage
479
General supplies
5,966
Equipment repair and maintenance
3,016
Telephone
304
Light and power
595
Fuel
261
Rent
300
Insurance
2,280
Audit
250
Maintenance
2,678
Public Employees' Retirement Association contributions
2,509
Miscellaneous
31
Total operating expenses
90,450
Operating income
$ 16,843
Other income and (expense)
General property taxes
2,149
Interest on special assessments
( 242)
Refunds and reimbursements
907
Net income
$ 19,657
Fund balance, January 1, 1965
17,289
Deduct - Capital outlay expenditures - equipment
2,94
Fund balance, December 31, 1965
3 6
Note - Depreciation is not included as an operating expense. See note on balance
sheet.
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER SYSTEM IMPROVEMENT FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1965
Receipts
Proceeds from sale of bonds $260,000
Total receipts $2605000
Disbursements
Professional services $ 1,853
Transfer to Water System Bonds of
1965 account for payment of interest 11,110
Total disbursements $ 12,963
Cash balance, December 31, 1965 247 03
STATEMENT OF EXPENDITURES - COMPARED WITH APPROPRIATIONS
YEAR ENDED DECEMBER 31, 1965
Appropriations
Bonds proceeds $260,000
Accrued interest receivable 2,000
Total $262,000
Deduct expenditures 18,274
Unencumbered appropriation balance $243.726
67
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
' STATEMENT OF CASH - DECEMBER 31, 1965
1
Treasurer cash
Change funds
$ 3,135
1
Cash in banks
Regular checking accounts
Columbia Heights State Bank, Columbia Heights, Minnesota
353,141
Third Northwestern National Bank, Minneapolis, Minnesota
13,412
Certificates of deposit and savings certificates
Third Northwestern National Bank, Minneapolis, Minnesota
1,075,000
Fidelity Bank and Trust Company, Minneapolis, Minnesota
3002000
Total treasurer cash
$1.744,688
'
STATEMENT OF UNITED STATES GOVERNMENT SECURITIES
PLACED IN ESCROW BY DEPOSITORY BANKS FOR
THE SAFEGUARDING OF CITY FUNDS
'
DECEMBER 31, 1965
'
Face
amount of
Depository banks Escrow banks
securities
Columbia Heights State Bank, Marquette National Bank,
$ 218,000
Columbia Heights, Minnesota Minneapolis, Minnesota
Fidelity Bank and Trust Company, Federal Reserve Bank,
300,000
Minneapolis, Minnesota Minneapolis, Minnesota
Third Northwestern National Bank, Federal Reserve, Bank,
1,100,000
Minneapolis, Minnesota Minneapolis, Minnesota
Additional coverage of $10,000 is provided at each depository bank
by the Federal
Deposit Insurance Corporation.
1
Note - Minnesota Statutes require a depository to pledge sufficient
collateral to
cover funds on deposit. The amount pledged by the Columbia Heights
State Bank was
$125,141 short of requirement at December 31, 1965.
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUMMARY STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS
YEAR ENDED DECEMBER 31, 1965
Fund
Cash
balance Receipts
January 1, Debt Interfund
1965 certificates transfers Other
Administration
$ 3,228
$ 8,091
$ 199,572
Police and Court
40,391
166,646
Fire Department
(11,661)
6,393
100,127
Civil Defense
10,981
14,040
Street Department
(66,485)
10,282
123,293
State Aid
Maintenance
10,819
12,555
Construction
(94,749)
1,768
Debt Service
11248
3,432
12,000
Recreation
1,143
32,828
Park
(26,645)
10,211
161,060
Library
( 3,325)
26,276
Band
134
1,000
Mayor's Contingent
156
Building
22,234
Flood Control
$ 31,000
75,015
Library Construction
89,000
21,000
925
Storm Sewer Construction
(127,125)
22,450
1,321,396
Park Construction
( 585)
Permanent Improvement Revolving
157,996
79,610
53,163
518,616
General Debt Service
Permanent Improvement Revolving
Fund Bonds Account
380,076
427,334
Municipal Building Bonds of
1959 Account
( 18)
28,143
Park Bonds of 1962 Account
2,141
53,401
Storm Sewer Bonds of 1964 Account
603,139
968
Storm Sewer Bonds of 1965 Account
40,835
1,262
Water System Bonds of 1965 Account
11,110
260
Municipal Liquor
Operating
15,872
794
853,962
Debt Service
15,574
Water Utility Operating
37,256
252,401
Sewer Utility Operating
27,570
104,841
Water System Improvement
2602000
Total
96,226
199,611-0
1152,5A6
$4,238,043
Cash
balance
December 31,
1965
$( 26,026)
24,769
( 16,689)
15,253
( 141,908)
( 12,536)
( 97,986)
2,127
1,059
( 52,987)
( 3,260)
513
156
20,122
19,627
81,824
932,882
( 11,624)
79,656
367,032
14,032
30,561
47,072
42,097
11,370
46,291
4,392
81,319
38, 51.3
247.037
1,744,688
.•
1
Disbursements
1
Debt
Interfund
Total
certificates
transfers
Qther
Total
$ 207,663
$ 28,143
$ 208,774
$ 236,917
166,646
182,268
182,268
1
106,520
111,548
111,548
14,040
9,768
9,768
133,575
208,998
208,998
12,555
5,200
30,710
35,910
1,768
5,005
5,005
15,432
14,553
14,553
'
32,828
32,912
32,912
171,271
53,401
144,212
197,613
26,276
26,211
26,211
'
1,000
621
621
2,112
2,112
106,015
86,388
86,388
'
110,925
29,101.
29,101
1,343,846
$110,610
154,137
19,092
283,839
112039
11,039
'
651,389
89,000
427,334
213,395
729,729
427,334
440,378
440,378
28,143
14,093
14,093
53,401
61,107
24,981
14,035
24,981
14,035
42,097
11,370
854,756
79,427
744,910
824,337
794
10,388
11,182
252,401
208,338
208,338
104,841
93,898
93,898
260,000
113110
12853
122963
$5,197,199
1122,LU
$759,546
S2a889,581
$3.848¢737
1
Cash
balance
December 31,
1965
$( 26,026)
24,769
( 16,689)
15,253
( 141,908)
( 12,536)
( 97,986)
2,127
1,059
( 52,987)
( 3,260)
513
156
20,122
19,627
81,824
932,882
( 11,624)
79,656
367,032
14,032
30,561
47,072
42,097
11,370
46,291
4,392
81,319
38, 51.3
247.037
1,744,688
.•
70
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INVESTMENT IN CITY OF COLUMBIA HEIGHTS BONDS
DECEMBER 31, 1965
Maturity
Interest Matured
date
rate value
Cost
Owned by General Debt Service Fund
Permanent Improvement Revolving
Fund Bonds, dated July 1, 1960
7/1/71
3.70% $ 40,000
$ 39,646
Park Bonds, dated February 1, 1962
2/1/77
3.40 5,000
5,000
Total
S 45,000
44,646
ACCOUNTS RECEIVABLE
- STATE OF
MINNESOTA
DECEMBER 31, 1965
Liquor tax apportionment
$ 15,134
Cigarette tax apportionment
21,653
State aid allocation for street construction
104,392
Federal aid through State Department of
Civil Defense for
Personnel and Administrative Expense
Program
1,193
Total
5142,372
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE REQUIREMENTS (PRINCIPAL AND INTEREST) - ALL FUNDS
DECEMBER 31, 1965
Year Total
1966
$ 569,531
1967
473,614
1968
426,664
1969
420,547
1970
355,212
1971
409,631
1972
327,365
1973
222,696
1974
166,175
1975
167,360
1976
118,445
1977
120,470
1978
122,310
1979
123,965
1980
91,025
1981
103,312
1982
110,163
1983
116,610
1984
137,380
1985
1422520
$4,724,995
Municipal
State Aid
Bonds Debt
General Debt
Service Fund
Service Fund
$ 14,388
$ 555,143
14,094
459,520
13,794
412,870
13,494
407,053
13,182
342,030
12,858
396,773
12,522
314,843
12,174
210,522
166,175
167,360
118,445
120,470
122,310
123,965
91,025
103,312
110,163
116,610
137,380
142,520
$4,618,489
71
72
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES_
(Shown by year of collectibility)
1963
Assessed valuations
Real estate $7,373,855
Personal property 1,001,593
Total $8 }375448
Tax levies
Administration $
67,683
Public Employees' Retire-
Public Employees' Retire-
ment Association
26,045
Police
100,294
Police Relief Association
7,585
Firemen's Relief Association
7,585
Fire
.90
Civil Defense.
8,000
Street
121,593
Recreation
11,212
Park
91,348
Library
18,060
Bonds
5,000
Storm sewer bonds
24,000
Storm sewer extensions
1,000
Sewer and water
39.000
Total $ 528,405
Mill Rates
1964 1965 1966
$7,925,381 $8,687,633 $ 9,189,319
928,614 1,041,908 1,091,958
$8.853.995 $9.729.541 $10,281,277
$ 63,297 $ 512,260 $ 61,071
104,623
8,850
8,850
69,074
8,865
102,392
12,057
122,516
24,024
2,039
27,482
4,964
$ 559,033
Administration
8.08
7.15
Public Employees' Retire-
16,347
ment Association
3.11
25,005
Police
11.97
11.82
Police Relief Association
.90
1.00
Firemen's Relief Association
.90
1.00
Fire
7.80
Civil Defense
.95
1.00
Street
14.52
11.56
Recreation
1.34
1.36
Park
10.91
13.84
Library
2.16
2.71
Bonds
.60
.23
Storm sewer bonds
2.87
3.10
Storm sewer extensions
.12
Sewer and water
4.66
.56
Total
63.09
63.13
114,636
87,185
10,021
3,393
124,918
16,347
151,855
25,005
40,200
2,043
1,953
50,010
79,988
7,395 1,953
606,,734 $ 683,499
52.65 5.94
11.15
AM
1.03
.33
12.15
1.59
14.77
2.57
3.91
.21
.19
5.14
7.78
.76 .19
62.36 66.48
73
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE COVERAGE
DECEMBER 31, 1965
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 and shelter buildings
Buildings
90
28,200
Contents
90
500
Lift station buildings
90
550
Water standpipe
90
68,000
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
300,000
75
CITY OF COLUMBIA HEIGHTS, MINNESOTA
EMPLOYEES SURETY BONDS
DECEMBER 31, 1965
Rosella
C. Lawson
City Treasurer
$5,000
Floyd C.
Lawson
Assessor
1,000
Pauling
M. Galtzmaier
Clerk of Municipal Court
1,000
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.