HomeMy WebLinkAbout1966 Financial StatementsCITY OF COLUMBIA HEIGHTS, MINNESOTA
FINANCIAL STATEMENTS
DECEMBER 31, 1966
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
YEAR ENDED DECEMBER 31, 1966
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
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Page
Independent certified public accountants' opinion 1
Comments 2
Balance sheet - All funds 8
Administration and special revenue funds
Balance sheets
12
Administration Fund
Analysis of changes in fund
balance
16
Statement of revenue - Actual compared with
budget estimates
17
Statement of expenditures -
Actual compared
with budget estimates
19
Police and Court Fund
Analysis of changes in fund
balance
21
Statement of revenue - Actual compared with
budget estimates
21
Statement of expenditures -
Actual compared
with budget estimates
22
Fire Department Fund
Analysis of changes in fund
balance
24
Statement of revenue - Actual compared with
budget estimates
24
Statement of expenditures -
Actual compared
with budget estimates
25
Civil Defense Fund
Analysis of changes in fund
balance
26
Statement of revenue - Actual compared with
budget estimates
26
Statement of expenditures -
Actual compared
with budget estimates
26
Street Department Fund
Analysis of changes in fund
balance
27
Statement of revenue - Actual compared with
budget estimates
27
Statement of expenditures -
Actual compared
with budget estimates
28
State Aid Funds
Statements of cash receipts
and disbursements
29
Bonds payable
30
Debt service requirements
30
Recreation Fund
Analysis of changes in fund
balance
31
Statement of revenue - Actual compared with
budget estimates
31
Statement of expenditures -
Actual compared
with budget estimates
32
Park Fund
Analysis of changes in fund
balance
33
Statement of revenue - Actual compared with
budget estimates
33
Statement of expenditures -
Actual compared
with budget estimates
34
Library Fund
Analysis of changes in fund
balance
35
Statement of revenue - Actual compared with
budget estimates
35
Statement of expenditures -
Actual compared
with budget estimates
36
Statements of cash receipts and disbursements
Band Fund
37
Building Fund
37
Flood Control Fund
39
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS (CONTINUED)
P age
Bond Funds
Balance sheets 40
Statements of cash receipts and disbursements 41
Permanent Improvement Revolving Fund
Balance sheet 42
Statement of cash receipts and disbursements 43
General Debt Service Fund
Balance sheet 44
Statement of cash receipts and disbursements 46
Bonds payable 48
Debt service requirements 51
Municipal Liquor Operating Fund
Balance sheet
52
Statement
of
income and
retained earnings
53
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
Statement of cash receipts and disbursements 60
Public utility funds
Balance sheets 61
Statement of income and fund balance
Water Utility Operating Fund 62
Sewer Utility Operating Fund 64
Water System Improvement Fund
Statement of cash receipts and disbursements 65
Statement of expenditures - Compared with appropriations 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
175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100
MINNEAPOLIS, MINNESOTA 55416
545 -5657
April 7, 1967
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, 1966. Except
as indicated in the following paragraph, our examination was made in ac-
cordance 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 depreciation thereon is not shown as an 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, cash transactions of these funds were found to have been properly
recorded.
In our opinion, the accompanying statements, except those of the utility
operating funds, present fairly the financial position of the respective
funds of the City of Columbia Heights, Minnesota at December 31, 1966 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.
2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
The City of Columbia Heights
as amended. The form of gov
"Council- Manager Plan." The
chief administrative officer
proper administration of all
popular vote and consists of
officer.
COMMENTS
operates under a home rule charter adopted June 9, 1921
arnment established by this charter is known as the
City Manager, who is appointed by the Council, is the
of the City and is responsible to the Council for the
affairs relating to the City. The Council is elected by
five members including the Mayor, who is the presiding
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 1966 compared with 1965 with related percents
or costs per capita -is presented below:
REVENUE by fund
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 12221 $42,76
1966
1965
Cost per
Amount
Percent
Amount
Percent
$219,298
22.2
$198,612
23.3
166,057
16.8
166,646
19.6
112,760
11.4
106,520
12.5
7,842
.8
14,040
1.6
226,787
22.9
136,083
15.9
36,433
3.7
32,828
3.9
162,937
16.5
171,271
20.1
55,998
5.7
262397
3.1
5988,112
100.0
2 'ice
100.0
Total expenditures 12221 $42,76
Cost per
Cost per
Amount
capita
Amount
capita
$206,140
$ 8.45
$231,765
$ 9.95
191,173
7.84
178,274
7.66
118,441
4.85
109,142
4.68
16,166
.66
9,725
.42
200,342
8.21
209,097
8.98
35,792
1.47
32,720
1.41
152,207
6.24
199,618
8.57
54.474
2.23
25,329
1.09
Total expenditures 12221 $42,76
' 3
' ADMINISTRAT'"'ON 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 admin-
istration and protective inspection. The City also accounts for its garbage collection
' services in this fund. Several functions ordinarily included as a part of an admin-
istration or general fund are accounted for separately in special revenue funds by
the City.
For 1966 actual revenues were under budget by $24,417 and actual expenditures were
under budget by $37,575. This reduced the fund deficit by $13,158 to a deficit of
$13,193 at December 31, 1966. 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, 1966 the fund balance decreased from $23,782 to a deficit of
$1,334. A decrease in property tax receipts and court fines were the main factors
contributing to the fund deficit.
' 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 apportion-
ments from the State of Minnesota. During 1966, the fund deficit increased from
$17,472 to $23,153.
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.
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. A reduction of
expenditures, compared with estimates, accounts for a substantial portion of the
$26,445 reduction in fund deficit during 1966.
' 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. An amount of $7,965 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.
4
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.
Recreation Fund - This fund accounts for the City recreation program which is carried
on in co- operation 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 reduction in expenditures during the year
reduced the amount of the fund deficit from $59,498 to $48,768.
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
miscellaneous 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. During 1966, a
transfer of $19,000 was made to the Administration Fund.
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, 1966 because the
amount was undetermined.
BOND FUNDS
Library Construction Fund - This fund was established in 1965 to account for the
construction of an addition to the public library. Financing has been provided by
the issuance of $90,000 in bonds and a grant of $40,000 from the State of Minnesota.
Additional financing of approximately $20,900 will have to be provided by the City.
Storm Sewer Construction Fund - The proceeds from the sale of the $350,000 and
$915,000 Storm Sewer Bonds
fund. The proceeds are to
facilities. The accounting
Improvement Revolving Fund
struction Fund as monies ar
of 1964 and 1965, respectively, are accumulated in this
be used for construction of storm sewer drainage
for the construction is being done in the Permanent
and transfers will be made from the Storm Sewer Con-
e needed.
5
' 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 $20,622 will have to
be provided by the City to cover all expenses incurred in acquisition and development
' of park and playground facilities.
PERMANENT IMPROVEMENT REVOLVING FUND
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.
' S. Disbursement of assessment and tax collections to the General Debt
Service Fund for payment of bonds and interest.
' 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 seven
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
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
for in this account. General property taxes are being 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.
General property taxes are being collected in the Storm Sewer Construction Fund to
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 property taxes along with special assessments will provide the necessary
monies for payment of principal and interest.
M
Water System Bonds Account - Debt retirement of water revenue bonds is to be made
from monies transferred from the Water Utility Operating Fund. Net revenues of the
Water Operating Fund are pledged for the payment of interest and bond redemption.
In the event these revenues are insufficient to pay bonds and interest, general taxes
or transfers from other funds would be needed to produce the additional money re-
quired.
Library Bonds of 1966 Account - This account was established to handle the debt
retirement for the $90,000 issue of Library Bonds of 1966. Transfers from the
Library Fund are made to this account to provide the money required for payment of
bonds and interest.
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 income
and retained earnings for purposes of comparison. Percentages and detailed state-
ments 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
1964, 1965 and 1966.
1966
1965
1964
Percent
Percent
Percent
of sales
of sales
of sales
Sales
Off sale
$672,927
75.76
$634,339
74.69
$598,540
74.47
On sale
215,285
24.24
214,960
25.31
205,176
25.53
Total sales
$888,212
100.00
$849,299
100.00
$803,716
100.00
Cost of sales (ex-
cluding discounts)
630,690
71.01
5992969
70.64
575,380
71.59
Gross profit before
discounts
$257,522
28.99
$249,330
29.36
$228,336
28.41
Add discounts
312041
3.49
28,797
3.39
28,867
3.59
Gross profit
$288,563
32.48
$278,127
32.75
$257,203
32.00
Operating expenses
182,532
20.55
1722235
20.28
1622285
20.19
Operating income
$106,031
11.93
$105,892
12.47
$ 94,918
11.81
Other income and
expense (net)
2,813
.32
12982
.24
4,241
.53
Net income
5108,844
12.25
5107,874
12.71
9 1
12.34
Percent of
Percent of
Percent of
net income
net income
net income
Transfers to other
City Funds
,- 89,879
82 }58
$ 79,427
73.63
59,222
59.80
1
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 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
in 1966 the cash balance of $4,392 was transferred to the Municipal Liquor
Operating Fund.
PUBLIC UTILITY FUNDS
Water and sewer utilities operating funds - These funds account for the operations
1 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 and 1966 revenue bonds in the amount of
$310,000 were sold. Revenues of the Water Utility Operating Fund are pledged for
payment of principal and interest on these bonds.
' Water System Improvement Fund - This fund was established in 1965 to account for the
proceeds from the sale of Water System Bonds. The bond proceeds are used for con-
struction and improvement of the City's water distribution system. Debt retirement
' is being accounted for in the General Debt Service Fund. An additional $87,020
will be required to finance construction obligations outstanding at December 31,
1966.
7
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS
DECEMBER 31, 1966
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 12)
ASSETS
Cash
$1,029,307
$ (196,541)
Petty cash and change funds
3,135
735
Cash with fiscal agents
160,357
13,122
Investments, at cost
City of Columbia Heights bonds (Page 70)
44,646
Emergency Debt Certificates (other City funds)
31,000
Accounts receivable
Other City funds
139,081
State of Minnesota (Page 70)
104,581
104,581
Other
100,107
18,946
Accrued interest receivable
22,270
Taxes receivable
Delinquent
28,361
25,093
Deferred
3,977,708
Special assessments receivable
Delinquent (Principal and interest)
1362488
Deferred (Principal only)
1,065,669
Inventories, at cost
97,358
Prepaid expenses
1,538
Unassessed costs
72,462
Amounts to be provided by future revenues
728,112
270,642
Fixed assets (Municipal Liquor Operating Fund only)
at cost, less accumulated depreciation
213,186
Total assets
,$7,955,366
$ 236,578
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.
0
139,081
17,715 63,446
11,870 7,100 3,300
2,492 374 402
3,977,708
136,488
1,065,669
86,532 10,826
1,538
72,462
41,525 415,945
213,186
526,322 $1,556,284 $5,081,024 ,$ 364,328 $ 190,830
Permanent
General
Municipal
Improvement
Debt
Liquor
Public
Bond
Revolving
Service
Operating
utility
funds
Fund
Fund
Fund
funds
Pa e 40
(Page 42)
(Page 44
(Page 52)
(Page 61
$ 439,435
$ 117,395
$ 492,190
$ 60,672
$ 116,156
2,400
147,235
44,646
31,000
139,081
17,715 63,446
11,870 7,100 3,300
2,492 374 402
3,977,708
136,488
1,065,669
86,532 10,826
1,538
72,462
41,525 415,945
213,186
526,322 $1,556,284 $5,081,024 ,$ 364,328 $ 190,830
10
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS (CONTINUED)
DECEMBER 31, 1966
Adminis-
tration
and special
revenue
funds
Combined
(Page 12)
LIABILITIES, RESERVES AND FUND BALANCE
Liabilities
Accounts payable
Other City funds
$ 139,081
Public Employees' Retirement Association
58,091
$ 38,570
Other
86,210
19,676
Accrued interest payable
3,120
3,120
Accrued wages payable
2,425
916
Emergency Debt Certificates (other City funds)
31,000
31,000
Contract payable
26,637
26,637
Retained percentage on contracts
61,882
Deposits
15,671
Special assessments payable
92,203
84,417
Bonded indebtedness
Matured bonds and interest
160,357
13,122
Future maturities
Bonds (Pages 30 and 44)
3,962,000
72,000
Interest
902,820
6,996
Reserves for
Encumbrances
61,171
State aid construction
56,338
56,338
Payment of bonds and interest
1,619,743
Unrealized revenue
86,769
86,769
Unencumbered appropriation balance
378,496
Retained earnings
323,715
Fund balance (deficit)
(1121363)
(202,983)
Total liabilities, reserves and fund balance
$7,955,366
,$ 236,578
11
1
Permanent
General
Municipal
Improvement
Debt
Liquor
Public
Bond
funds
Revolving
Fund
Service
Fund
Operating
Fund
utility
funds
(Page 40)
(Page 42)
(Page 44
(Page 52)
(Page 61)
$ 139,081
$ 12,703
$ 6,818
$ 2,473
26,167
37,894
'
1,509
'
38,410
23,472
15,671
234
7,552
$ 147,235
3,890,000
'
895,824
8,745
27,952
24,474
1,471,778
147,965
378,496
323,715
90,620
t$
1
526,322
$1,556,284
$5,081,024
$ 364 ,328
$ 190,830
11
12
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS
BALANCE SHEETS - DECEMBER 31, 1966
LIABILITIES, RESERVES AND FUND BALANCE
Liabilities
Accounts payable
Public Employees' Retirement Association $ 38,570 $ 37,844
Other 19,676 4,092
Accrued interest payable 3,120
Accrued wages payable 916
Emergency Debt Certificate - Storm Sewer
Construction Fund 31,000
Special assessments payable
84,417
Adminis-
Bonded indebtedness
tration
Matured bonds and interest
Combined
Fund
ASSETS
Cash (deficit)
$(196,541)
$ ( 9,451)
Petty cash and change funds
735
350
Cash with fiscal agents
13,122
Accounts receivable
56,338
Other City Funds - Municipal Liquor Operating Fund
26,637
State of Minnesota
104,581
7,247
Other
18,946
12,945
Delinquent taxes receivable
25,093
3,116
Amounts to be provided by future revenues for
Debt retirement
77,168
Fire truck
26,637
State aid maintenance
7,965
Payment of special assessments
84,417
6,496
Public Employees' Retirement Association Contribution
38,570
37,844
Flood control expenditures
35,885
Total assets
LIABILITIES, RESERVES AND FUND BALANCE
Liabilities
Accounts payable
Public Employees' Retirement Association $ 38,570 $ 37,844
Other 19,676 4,092
Accrued interest payable 3,120
Accrued wages payable 916
Emergency Debt Certificate - Storm Sewer
Construction Fund 31,000
Special assessments payable
84,417
6,496
Bonded indebtedness
Matured bonds and interest
13,122
Future maturities
Bonds
72,000
Interest
6,996
Reserves for
State aid construction
56,338
Encumbrances
26,637
Unrealized revenue
86,769
23,308
Fund balance (deficit)
(202,983)
(13,193
Total liabilities, reserves and fund balance 2 j
Note - Not included as an asset is an undetermined amount to be received as Federal
aid for flood damage.
13
Police
Fire
Civil
Street
State Aid funds
and Court
Department
Defense
Department
Main-
Con-
Debt
Fund
Fund
Fund
Fund
tenance
struction
service
$( 689)
$(22,236)
$ 6,816
$(115,607)
$( 7,965)
$( 5,513)
$ 1,828
50
13,122
4,831
4,831
1,081
14,494
61,851
131
4,515
5,163
3,185
268
5,064
77,168
26,637
7,965
143
583
12
$ 8,748
U-2111UA)
L__0_
$56,338
2 11
$ 695
$ 143
777
140
$ 583
$ 6,166
$ 13,122
72,000
6,996
$ 56,338
26,637
10,125 8,016 1,349 24,073
( 1,334) (23,153) 6,816 (121,773)
$ 9 486 12 0 S7 4 ( 91,534) L-22-11 11
14
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION AND SPECIAL REVENUE FUNDS (CONTINUED)
BALANCE SHEETS - DECEMBER 31, 1966
ASSETS
Recreation
Fund
Cash (deficit) $ 1,521
Petty cash and change funds 275
Cash with fiscal agents
Accounts receivable
Other City Funds - Municipal Liquor Operating Fund
State of Minnesota
Other 653
Delinquent taxes receivable 659
Amounts to be provided by future revenues for
Debt retirement
Fire truck
State aid maintenance
Payment of special assessments
Public Employees' Retirement Association Contribution
Flood control expenditures
Total assets 10
LIABILITIES, RESERVES AND FUND BALANCE
Liabilities
Accounts payable
Public Employees' Retirement Association
Other $ 85
Accrued interest payable
Accrued wages payable 346
Emergency Debt Certificate - Storm Sewer
Construction Fund
Special assessment payable
Bonded indebtedness
Matured bonds and interest
Future maturities
Bonds
Interest
Reserves for
State aid construction
Encumbrances
Unrealized revenue 1,312
Fund balance (deficit) 1,365
Total liabilities, reserves and fund balance 1 8
15
Park Library
Fund Fund
$ (44,137) $ ( 371)
50 10
2,415 4,831
646 56
6,203 1,435
77,921
I—LIE
$ 4,251 $ 3,610
430
77,921
Mayor's Flood
Band Contingent Building Control
Fund Fund Fund Fund
$ 428 $ 156 $ 444 $( 1,765)
3,000
35,885
$ 428 S 156 S 3,444 34,120
$ 3,120
31,000
9,264 6,322 $ 3,000
(48,768) 3,971) 428 156 444
$ 43,098 ,$ 428 S 156 ,$ 3.444 120
16
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
Fund balance (deficit) January 1, 1966
Add - Revenue
Total beginning balance and revenue
Deduct - Expenditures
Fund balance (deficit) December 31, 1966
Actual
Actual
over
Budget (under)
estimates estimates
$(26,351) $(26,351)
219,298 243,715 24,417)
$192,947 $217,364 $(24,417)
206,140 243,715 (37,575)
17
' CITY OF COLUMBIA HEIGHTS,
MINNESOTA
ADMINISTRATION FUND
'
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET
ESTIMATES
YEAR ENDED DECEMBER
31, 1966
Actual
over
Budget
(under)
Actual
estimates
estimates
General property and other taxes levied for
Public Employees' Retirement Association
$ 8,301
$ 7,000
$ 1,301
Other
69,828
831070
(13,242
Total general property taxes
78A129
90,070
$(11,941)
Licenses and permits
Business
Amusement devices
$ 685
$ 1,000
$( 315)
Beer
1,289
1,400
( 111)
Bowling alley
85
85
Cigarette
1,321
1,600
( 279)
General Contractors
4,100
7,000
( 2,900)
Electrician
770
1,200
( 430)
Gas station
825
1,400
( 575)
Heating
1,125
1,000
125
'
Ice station
5
10
( 5)
Plumbing
1,325
1,600
( 275)
Restaurant
675
600
75
Retail sales
210
250
( 40)
Rubbish
65
50
15
Scavenger
50
( 50)
' Solicitor
20
100
( 80)
Taxi
170
80
90
Theater
250
350
( 100)
Used car lot
90
150
( 60)
Vending machine
1,049
1,500
( 451)
Nonbusiness
Bicycle
334
500
( 166)
Building
6,579
12,000
( 5,421)
Dog
683
1,200
( 517)
Electric
3,911
6,000
( 2,089)
1 Heating
3,193
7,000
( 3,807)
Plumbing
2,350
5,000
( 2,650)
Sewer
1,328
4,000
( 2,672)
Special use
580
200
380
Miscellaneous
148
300
152)
Total licenses and permits
33,165
55,625
$(22,460)
Rents
600
600
Revenue from other agencies
Shared State taxes
Cigarette and liquor
$ 11,176
$ 10,000
$ 1,176
Mobile home registration fee
355
355
'
Total revenue from other agencies
11,531
10,000
1,531
18
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1966
Actual
over
Budget (under)
Actual estimates estimates
Charges for current services
Rezoning petitions
$ 70
$ 150
$( 80)
Garbage collection
58,389
63,000
( 4'61Y)
Garbage refunds
20
( 20)
Animal control
Pound fees
180
300
( 120)
Board and pick up
131
250
( 119)
Parking meter collections
3,441
5,000
( 1,559)
Water inspections
520
1,300
( 780)
Sewer stub connections
22
50
28)
Total charges for current services
62,753
70,070
7,317)
Other
Refunds and reimbursements
Coffee break supplies
$ 245
$ 200
$ 45
Payment of claims
250
( 250)
Salary reimbursements from other City funds
2,596
5,000
( 2,404)
Other
1,279
1,900
( 621)
Transfer from Municipal Liquor Operating Fund
10,000
10,000
Transfer from Building Fund
19,000
19,000
Total other
33,120
17,350
15,770
Total revenue
21 2
2 1
$(24,41.7)
19
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET.ESTIMATES
YEAR.ENDED DECEMBER 311 1966
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 80,688
$100,000
$(19,312)
Extra salaries
1,067
1,500
(
433)
Dog catcher (contract)
3,450
3,600
(
150)
City Attorney (retainer fee)
8,400
8,400
Inspection fees
Electrical
2,876
4,000
(
1,124)
Health
374
1,700
(
1,326)
Heating
200
(
200)
Plumbing
200
(
200)
Election expenses
Salaries
3,467
3,000
467
Supplies and expenses
2,625
7,000
(
4,375)
Garbage collection
Contractual
45,789
45,000
789
Administrative expenses
1,193
1,200
(
7)
Salaries
2,962
2,800
162
Parking meter expenses
Salaries
1,162
1,800
(
638)
Repairs
197
600
(
403)
Insurance
5
5
Supplies and miscellaneous
696
350
346
Parking lot expenses
Land lease and purchase
1,585
19500
85
Parking curbs
35
100
(
65)
Other
159
300
(
14 1)
Travel expense - schools
848
800
48
Office supplies
2,624
3,000
(
376)
Postage
359
500
(
141)
Printing
1,989
2,000
(
11)
Engineering supplies
1,419
600
819
Water and sewer charges
42
50
(
8)
Equipment repair and maintenance
1,671
1,500
171
Building expenses
1,346
2,000
(
654)
Building supplies and service
2,613
2,500
113
Telephone
2,295
2,500
(
205)
Light and power
689
700
(
11)
Fuel
452
400
52
Insurance
1,037
1,400
(
363)
Audit
1,400
1,600
(
200)
Subscriptions, dues and memberships
1,390
1,000
390
Miscellaneous
190
300
(
110)
Refunds
211
400
(
189)
Car allowances
932
1,200
(
268)
20
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 311 1966
Ac tua 1
over
Budget
(under)
Actual
estimates
estimates
Pop machine supplies
$ 72
$ 100
$( 28)
Water cooler supplies
480
400
80
Board of Equalization
5
5
Settlements
342
500
( 158)
Attorney's fees
70
100
( 30)
Engineering fees
40
1,000
( 960)
Gopher bounty
5
( 5)
Contract service
680
100
580
Special assessments
923
2,000
( 1,077)
Public Employees' Retirement Association
contributions
6,160
7,000
( 840)
Capital outlay
Equipment
4,815
4,000
815
Furniture or fixtures
903
2,800
( 1,897)
Transfer to General Debt Service Fund
13,413
20,000
6,587)
Total expenditures
20 1
(37.575)
' 21
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
' POLICE AND COURT FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
Actual
over
Budget
(under)
Actual
estimates
estimates
Fund balance January 1, 1966
$ 23,782
$ 23,782
Add - Revenue
1661057
194,680
$(28,623)
Total beginning balance and revenue
$189,839
$218,462
$(28,623)
Deduct - Expenditures
1912173
1941151
2,978)
Fund balance (deficit) December 31, 1966
8 24,311
$(25,645)
' STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER
31, 196.6
1
General property and other taxes levied for
Police Relief Association
$ 15,019
$ 15,300
$( 281)
Other
97,413
114,621
(17,208
Total general property taxes
$112,432
$129,921
$(17,489)
Fines and forfeitures
Municipal Court
19,255
30,660
(11,405)
Parking meter fines
218
300
( 82)
Shared State taxes - Cigarette and liquor
11,176
10,000
1,176
Rent - 558 40th Avenue
760
720
40
Paper service fees
278
500
( 222)
Sale of photo copies
593
593
Refunds and reimbursements
1,435
2,000
( 565)
Miscellaneous
531
1,200
( 669)
Transfer from Municipal Liquor Operating Fund
19,379
192379
Total revenue
1 0
$194,680
$(28,623)
22
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 312 1966
Actual
over
Budget
(under)
Actual
estimates
estimates
Municipal Court
Regular salaries
$ 11,471
$ 11,471
Extra salaries
778
700
$
78
Jury duty
426
600
(
174)
Office supplies
165
300
(
135)
Postage
67
100
(
33)
Water and sewer charges
10
(
10)
Repairs and maintenance
91
100
(
9)
Building supplies and service
450
450
Telephone
360
360
Light and power
196
200
(
4)
Fuel
126
120
6
Insurance
18
20
(
2)
Audit
400
400
Prisoner care
50
(
50)
Miscellaneous
30
80
(
50)
Public Employees' Retirement Association
contributions
340
340
Capital outlay - Furniture and fixtures
80
(
80)
Police department
Regular salaries
129,760
130,178
(
418)
Holiday pay
5,192
5,127
65
Extra salaries
416
1,000
(
584)
Training school fees
824
1,000
(
176)
Travel, dues and subscriptions
448
600
(
152)
Office supplies
328
400
(
72)
Postage
48
45
3
Juvenile and investigator expense
240
240
Miscellaneous
60
200
(
140)
Patrol car operation
2,283
2,200
83
Water and sewer charges
61
50
11
Station supplies
950
1,500
(
550)
Equipment repairs and maintenance
259
200
59
Building repairs and expense
62
600
(
538)
Building supplies and service
1,502
1,200
302
Uniform items
915
900
15
Telephone
1,609
1,600
9
Light and power
540
650
(
110)
Fuel
686
600
86
Prisoner care
57
200
(
143)
Drunkometer test
300
300
Rent
1,770
1,400
370
Jail maintenance
31
200
(
169)
Patrol car repairs
4,089
3,400
689
Insurance
3,264
3,000
264
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1966
Actual
over
Budget (under)
Actual estimates estimates
Police department (Continued)
23
Radio service
$ 547
$ 480
$ 67
Audit
500
500
Civil service
fees and expenses
155
100
55
Miscellaneous
90
100
( 10)
Police Relief
Association (general property
taxes collected)
15,019
15,300
( 281)
Furniture and
fixtures
156
500
( 344)
Equipment
4,094
51000
906)
Total
expenditures
$194,151
( 2.978)
24
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIRE DEPARTMENT FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
Fund balance (deficit) January 1, 1966
Add - Revenue
Total beginning balance and revenue
Deduct - Expenditures
Fund balance (deficit) December 31, 1966
Actual
$(17,472)
Budget
estimates
$(17,472)
Actual
over
(under)
estimates
112,760 113,727 967)
$ 95,288 $ 96,255 $( 967)
118,441 113,727 4,714
J ) $ ( 5.681)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes levied for
Firemen's Relief Association
$ 14,997
$ 15,300
$( 303)
Other
70,334
71,817
1,483)
Total general property taxes
$ 85,331
$ 87,117
$( 1,786)
Shared State taxes
Cigarette and liquor
11,176
10,000
1,176
Insurance premium
4,012
4,500
( 488)
Standby charges
100
( 100)
Insurance premium refunds
1,211
1,000
211
Miscellaneous
30
10
20
Transfers from Municipal Liquor Operating Fund
111000
112000
Total revenue
1112,760
jLLL=2
$( 967)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIRE DEPARTMENT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
25
Actual
over
(under)
estimates
$ 400
(
(
(
(
(
(
(
(
(
(
(
242
347
114
176
92)
18)
7)
1
31)
310)
25)
91)
119
95)
38)
52)
20
59)
410
26
3,709
32)
Budget
Actual
estimates
Regular salaries
$ 68,197
$ 67,797
Holiday pay
2,842
2,600
Extra salaries
547
200
Fire calls
6,114
6,000
Standby charges
256
80
Travel and schools
358
450
Membership dues
152
170
Water and sewer charges
63
70
Laundry
151
150
Supplies
469
500
Equipment
1,690
2,000
Furniture and fixtures
75
100
Hydrant rental
4,000
4,000
Telephone
1,609
1,700
Light and power
919
800
Fuel
605
700
Building repairs and maintenance
762
800
Civil service fees and expense
8
60
Equipment repairs and maintenance
920
900
Radio service
291
350
Insurance
3,910
3,500
Audit
400
400
Miscellaneous
126
100
Columbia Heights Firemen's Relief Association
(general property and insurance premium taxes
collected)
19,009
15,300
Public Employees' Retirement Association
contributions
4,968
5,000
Total expenditures
$113,727
25
Actual
over
(under)
estimates
$ 400
(
(
(
(
(
(
(
(
(
(
(
242
347
114
176
92)
18)
7)
1
31)
310)
25)
91)
119
95)
38)
52)
20
59)
410
26
3,709
32)
26
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CIVIL DEFENSE FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
Fund balance January 1, 1966
Add - Revenue
Total beginning balance and revenue
Deduct - Expenditures
Fund balance
Actual
over
Budget (under)
Actual estimates estimates
$ 15,140 $ 15,140
7,842 15,620 7,778)
$ 22,982 $ 30,760 $( 7,778)
16,166 15,620 546
S 6 X816 15,140 $1 8,24)
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
$ 3,584
$ 3,456
$ 128
Federal aid
4,093
5,400
( 1,307)
Miscellaneous receipts
165
264
( 99)
Transfer from Municipal Liquor Operating Fund
(
6,500
6,500)
Total revenue
S 7,842
1 20
$( 7778)
STATEMENT OF EXPENDITURES - ACTUAL
COMPARED WITH
BUDGET ESTIMATES
YEAR ENDED DECEMBER 312 1966
Regular salaries
$ 6,100
$ 6,350
$(
250)
Extra salaries
510
900
(
390)
Travel and dues
426
700
(
274)
Office supplies and postage
157
400
(
243)
Equipment
6,926
4,000
2,926
Equipment maintenance
78
400
(
322)
Radio Amateur Civil Emergency Service
780
(
780)
Telephone
346
280
66
Light and power - sirens
48
100
(
52)
Rent
550
600
(
50)
Insurance
454
480
(
26)
Miscellaneous expense
121
180
(
59)
Audit
100
100
Public Employees' Retirement Association
contributions
350
350
Total expenditures
1
1 20
,$ 546
27
'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'
STREET DEPARTMENT
ANALYSIS OF CHANGES IN
FUND
FUND BALANCE
YEAR ENDED DECEMBER
31, 1966
Actual
over
Budget
(under)
Actual
estimates
estimates
1
Fund balance (deficit) January 1, 1966
$(148.,218)
$(148,218)
Add - Revenue
226,787
231,560
4,773)
Total beginning balance and revenue
$ 78,569
$ 83,342
$( 4,773)
Deduct - Expenditures
200,342
231,560
(31,218)
Fund balance (deficit) December 31, 1966
$121 <773)
8 21 )
2
1
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
'
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
$122,476
$124,960
$( 2,484)
'
Shared State taxes - Cigarette and liquor
22,352
20,000
2,352
Equipment rental
41,159
28,000
13,159
Salary reimbursements from other City funds
6,808
20,000
(13,192)
'
Charges for labor and materials
1,757
2,000
( 243)
Street repair deposits
494
2,000
( 1,506)
Miscellaneous
123
4,000
( 3,877)
County street maintenance agreement
2,308
2,600
( 292)
Insurance refunds
2,310
6,000
( 3,690)
Transfers from Municipal Liquor Operating Fund
27,000
224000
5,000
Total revenue
5226 787
231 0
( 4.773)
W-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STREET DEPARTMENT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 86,839
$110,000
$(23,161)
Extra salaries
5,952
10,000
( 4,048)
Equipment operations
8,617
7,000
1,617
Water and sewer charges
79
100
( 21)
General supplies
1,107
2,000
( 893)
Shop supplies and expense
1,408
2,000
( 592)
Street signs
1,200
1,500
( 300)
Street supplies and materials
23,584
15,000
8,584
Equipment repair and maintenance
9,805
8,000
1,805
Shop equipment
549
700
( 151)
Shop equipment repair
101
100
1
Equipment
18,412
20,000
( 1,588)
Equipment rental
1,760
4,000
( 2,240)
Traffic control - Street marking
825
1,500
( 675)
Telephone
351
310
41
Light and power
590
600
( 10)
Street lighting
21,691
22,000
( 309)
Traffic signals
1,874
2,100
( 226)
Fuel
456
750
( 294)
Insurance
7,704
8,600
( 896)
Audit
300
500
( 200)
Miscellaneous
327
400
( 73)
Traffic light maintenance
719
500
219
Traffic signal installation
4,000
( 4,000)
Payment of claims
61
100
( 39)
Tree removal
231
2,000
( 1,769)
Public Employees' Retirement Association
contributions
5,800
7,800
( 2,000)
Total expenditures
5200,342
231 0
$(31,21a)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATE AID FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
Cash balance January 1, 1966
Receipts
Shared State gasoline tax alloted for
Street maintenance
Street construction
Payment of bonds
Payment of interest on bonds
Reimbursement of costs from other City funds
Transfer from State Aid Maintenance Fund
for payment of interest and service
charges
Total receipts
Total beginning cash and receipts
Disbursements
Regular salaries
Material
Equipment rental
Contract payments
Engineering fees and expenses
Extra construction costs
Transfer to State Aid Debt Service Fund
for payment of interest and service
charges
Bond maturities
Interest on bonds
Fiscal agent's service charges
Total disbursements
Cash balance December 31, 1966
Debt
Maintenance Construction Service
$(12,536) $(97,986) 2 127
$ 11,841
$ 93,449
$12,000
2,094
143 233
1,962
14,078 93,682 $13,962
1,542 4,304) $16,089
$ 1,149
$ 326
4,151
681
1,385
137
565
6
65
289
1,962
$12,000
2,244
17
9,507 1A209 $14,261
29
30
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL STATE AID BONDS DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1966
Issue Interest Maturity
date rate date Principal
Municipal State Aid Street
Bonds maturing
$12,000 per year 1/1/63 2.50% 1/1/68 -69 $24,000
$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 $7
Note - January 1, 1967 maturities are considered as matured December 31, 1966.
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1966
Year
Total
Principal
Interest
1967
$13,944
$12,000
$ 1,944
1968
13,644
12,000
1,644
1969
13,344
12,000
1,344
1970
13,020
12,000
1,020
1971
12,696
12,000
696
1972
122348
121000
348
,78,996
2 000
L-6
Note - January 1 maturities are considered matured December 31 of the preceding year.
The above amounts are payable in the year shown.
31
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
Contribution from Independent School
District No. 13
Recreation fees, donations, dance receipts, etc.
Insurance premium refund
Total revenue
$16,013 $16,300 $( 287)
16,300 16,300
4,040 4,500 ( 460)
80 300 220)
$( 967)
Actual
over
Budget
(under)
Actual
estimates
estimates
Fund balance January 1, 1966
$ 724
$ 724
Add - Revenue
36,433
37,400
967)
Total beginning balance and revenue
$37,157
$38,124
$( 967)
Deduct - Expenditures
35,792
37,400
(1,608)
Fund balance December 31, 1966
,$ 734
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
Contribution from Independent School
District No. 13
Recreation fees, donations, dance receipts, etc.
Insurance premium refund
Total revenue
$16,013 $16,300 $( 287)
16,300 16,300
4,040 4,500 ( 460)
80 300 220)
$( 967)
32
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
Actual
Regular salaries
$ 8,400
Extra salaries
19,520
Police duty
200
Travel
45
Office supplies
446
Magazine and books
20
Equipment room and communication center
307
Playground and preschool equipment and material
1,251
Athletic equipment, materials and trophies
1,425
Entry fees
141
Preschool program
181
Miscellaneous equipment
8
Telephone
300
Insurance
375
Audit
300
Miscellaneous expenses
340
Referee fees, pin setters
1,702
Transportation
301
Beach supervision
Mentally retarded program
Public Employees' Retirement Association
contributions
530
Actual
over
Budget (under)
estimates estimates
$ 8,343
19,847
150
125
400
75
800
1,400
1,200
80
400
50
300
300
300
250
1,600
150
800
300
530
Total expenditures 3 2 $37,400
57
( 327)
50
( 80)
46
( 55)
( 493)
( 149)
225
61
( 219)
42)
75
90
102
151
( 800)
( 300)
•1:
33
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 312 1966
STATEMENT OF REVENUE — ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
Revenue from the use of money and property
Hall rent
Other rents
Canteen
Interest on investment
Reimbursement from Anoka County for beach
construction
Refunds
Miscellaneous
Transfer from Municipal Liquor Operating Fund
Total revenue
$137,948 $151,899 $(13,951)
6,271
6,500
( 229)
Actual
100
( 28)
5,211
over
211
Budget
(under)
1,500
Actual
estimates
estimates
Fund balance (deficit) January 1, 1966
$(59,498)
$(59,498)
1,000
Add - Revenue
162,937
176,599
13,662)
Total beginning balance and revenue
$103,439
$117,101
$(13,662)
Deduct - Expenditures
1523207
178,599
(26,392)
Fund balance (deficit) December 31, 1966
(48 "768)
(61.498)
STATEMENT OF REVENUE — ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
Revenue from the use of money and property
Hall rent
Other rents
Canteen
Interest on investment
Reimbursement from Anoka County for beach
construction
Refunds
Miscellaneous
Transfer from Municipal Liquor Operating Fund
Total revenue
$137,948 $151,899 $(13,951)
6,271
6,500
( 229)
72
100
( 28)
5,211
5,000
211
100
( 100)
1,500
1,500
655
1,000
( 345)
280
1,000
( 720)
111000
11,000
5162,937
$176,599
1 2)
34
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
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
Ball Park lighting
Furniture and fixtures
Machinery equipment and tools
Building construction
Park improvements
Special assessments
Miscellaneous budgets
Public Employees' Retirement Association
contributions
Transfer to General Debt Service Fund
2,900
24,001
2,900
29,150
Total expenditures $152,207 $178,599
( 5,149)
5(26,392)
Actual
over
Budget
(under)
Actual
estimates
estimates
$ 54,484
$ 55,744
$(
1,260)
6,355
7,000
(
645)
140
160
(
20)
43
80
(
37)
97
75
22
473
400
73
3,561
3,500
61
46
75
(
29)
764
700
64
1,618
2,275
(
657)
82
150
(
68)
327
350
(
23)
1,180
1,100
80
1,867
2,100
(
233)
2,415
1,500
915
2,364
2,500
(
136)
300
300
248
500
(
252)
737
800
(
63)
3,864
4,500
(
636)
2,043
1,400
643
40
50
(
10)
187
250
(
63)
1,260
2,000
(
740)
219
200
19
466
500
(
34)
245
300
(
55)
10
200
(
190)
534
1,000
(
466)
12,196
19,315
(
7,119)
14,797
17,755
(
2,958)
12,344
19,660
(
7,316)
110
(
110)
2,900
24,001
2,900
29,150
Total expenditures $152,207 $178,599
( 5,149)
5(26,392)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
ANALYSIS OF CHANGES IN FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
Shared State taxes - Cigarette and liquor
Fines
Photo copies
Miscellaneous receipts
Transfer from Municipal Liquor Operating Fund
Total revenue
$ 37,818
$ 40,064
$( 2,246)
Actual
15,000
1,763
1,169
over
469
237
Budget
(under)
11
Actual
estimates
estimates
Fund balance (deficit) January 1, 1966
$( 5,495)
$( 5,495)
$ 67,164
Add - Revenue
55,998
67,164
11,166)
Total beginning balance and revenue
$ 50,503
$ 61,669
$(11,166)
Deduct - Expenditures
54,474
67,164
(12,690)
Fund balance (deficit) December 31, 1966
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1966
General property and other taxes
Shared State taxes - Cigarette and liquor
Fines
Photo copies
Miscellaneous receipts
Transfer from Municipal Liquor Operating Fund
Total revenue
$ 37,818
$ 40,064
$( 2,246)
16,763
15,000
1,763
1,169
700
469
237
300
( 63)
11
100
( 89)
11,000
11,000)
S 55,998
$ 67,164
11 1 )
35
36
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31,1966
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 6,000
$ 6,000
Extra salaries
9,228
9,200
$ 28
Water and sewer charges
63
50
13
Books and magazines
9,845
12,000
( 2,155)
Supplies
1,817
2,000
( 183)
Postage
2
50
( 48)
Building and equipment repair and maintenance
136
400
( 264)
Building supplies and service
1,934
1,500
434
Telephone
261
210
51
Light and power
1,322
1,000
322
Fuel
633
1,000
( 367)
Insurance
121
200
( 79)
Audit
100
150
( 50)
Travel and dues
78
100
( 22)
Miscellaneous
54
150
( 96)
Public Employees' Retirement Association
contributions
920
920
Furniture and fixtures
1,220
1,400
( 180)
Transfer to General Debt Service Fund
20,740
30,834
(10,094)
Total expenditures
L-5
67,16L
12 )
37
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BAND FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
Cash balance January 1, 1966 $ 513
Receipts
Transfers from the Municipal Liquor Operating Fund 500
Total beginning cash and receipts $ 1,013
Disbursements
Band services $ 310
Transportation 235
Supplies 40
Total disbursements 585
Cash balance December 31, 1966 42
BUILDING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
Cash balance January 1, 1966 $20,122
Disbursements
Building repair and maintenance $ 672
Miscellaneous 6
Transfer to General Fund 19,000
Total disbursements 19,678
Cash balance December 31, 1966 $ 444
39
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FLOOD CONTROL FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 312 1966
Cash balance January 1, 1966 $19,627
Disbursements
Salaries and labor $ 5,325
Sewer line inspection 8,188
Equipment rental 4,696
Materials 3,099
Other 84
Total disbursements $21,392
Cash balance December 31, 1966
40
ASSETS
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BOND FUNDS
BALANCE SHEETS - DECEMBER 31, 1966
Cash
Investment - Emergency Debt Cer-
tificate (Flood Control Fund)
Accrued interest receivable
Delinquent taxes receivable
Amounts to be provided by future
revenues for
Library construction
Park construction
Total assets
LIABILITIES, RESERVE AND APPROPRIATION
Liabilities
Accounts payable
Permanent Improvement Re-
volving Fund - For storm
Combined
$439,435
31,000
11,870
2,492
20,903
20,622
$526,322
Library Storm Sewer Park
Con- Con- Con-
struction struction struction
Fund Fund Fund
$(12,158)
20,903
$472,215
31,000
11,870
2,492
$(20,622)
20,622
$517,577 $ -0-
sewer construction $139,081 $139,081
Reserve for encumbrances 8,745 $ 8,745
Unencumbered appropriation
balance 378,496 378,496
Total liabilities, reserve
and appropriation $526,322 J__8 4 5517,577
41
CITY OF COLUMBIA HEIGHTS,
MINNESOTA
$ 1,367
BONDS FUND
823
$ 777
STATEMENTS OF
CASH RECEIPTS AND DISBURSEMENTS
4,000
YEAR
ENDED DECEMBER
31, 1966
Material
487
487
Library
Storm Sewer
Park
1,856
Construction
Construction
Construction
Combined
Fund
Fund
Fund
250
Contract payments
Cash balance January 1, 1966
$1,003,082
81,824
$ 932,882
$(11,624
Receipts
2,355
Repayment of temporary bank loan
General property and other taxes
$ 92,273
$ 2,107
$ 79,396
$ 10,770
State of Minnesota - Grant
40,000
40,000
Transfers for payment of bond
Proceeds from sale of bonds
90,000
90,000
principal and interest to
Proceeds of temporary bank loan
200,000
200,000
Permanent Improvement Revolving
Sale of land and building
17,400
17,400
Transfers from
20,979
Storm Sewer Bonds of 1964
Municipal Liquor Operating Fund
11,000
11,000
Storm Sewer Bonds of 1965
Sewer Utility Operating Fund
40,000
39,728
40,000
Transfer to Permanent Improvement
Permanent Improvement Revolving
Revolving Fund - Advance for
Fund - Interest earned in.1965
8,500
8,500
construction costs
Interest on investments
27,689
500,000
27,689
Repayment of Emergency Debt
Total receipts
$ 526,862
$143,107
$ 355,585
28,170
Total beginning balance
89,000
32,600
Interest on Emergency Debt
and receipts
$1,529,944
$224,931
$1,288,467
16,546
Disbursements
Regular salaries
$ 1,367
$ 1,367
Professional services
823
$ 777
$ 46
Engineering fees and expense
4,000
4,000
Material
487
487
Equipment rent
1,856
1,856
Land purchase
1,879
1,879
Appraisal fee
250
250
Contract payments
140,862
138,779
2,083
Other improvement costs
2,355
2,355
Repayment of temporary bank loan
200,000
200,000
Interest on temporary bank loan
1,119
1,119
Transfers for payment of bond
principal and interest to
Permanent Improvement Revolving
Fund
20,979
20,979
Storm Sewer Bonds of 1964
44,333
44,333
Storm Sewer Bonds of 1965
39,728
39,728
Transfer to Permanent Improvement
Revolving Fund - Advance for
construction costs
500,000
500,000
Repayment of Emergency Debt
Certificate
121,600
89,000
32,600
Interest on Emergency Debt
Certificate
8,737
6,129
2,608
Miscellaneous
134
49
50
35
Total disbursements
$1,090,509
$237,089
$ 816,252
37,168
Cash'balance December 31, 1966
$ 439,435
$(12.151)
,$ 472,215
$(20,622)
42
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET - DECEMBER 31, 1966
ASSETS
Cash $ 117,395
Accounts receivable
Storm Sewer Construction Fund 139,081
Other 17,715
Accrued interest receivable 7,100
Delinquent taxes receivable 374
Special assessments receivable
Delinquent (principal and interest) 136,488
Deferred (principal only) 1,065,669
Unassessed costs
Storm Sewer 11,426
Other 61,036
Total assets $L556,284
LIABILITIES AND RESERVES
Liabilities
Accounts payable - Other $ 2,473
Retained percentages on contracts 38,410
Deposits 15,671
Reserves for
Payment of bonds and interest 1,471,778
Encumbrances 27,952
Total liabilities and reserves $1,556,284
(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 $56,300 were
levied for collection in 1967.
(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.
u
CITY OF COLUMBIA HEIGHTS, MINNESOTA
t PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
43
Cash balance January 1, 1966
$ 79,656
Receipts
General property and other taxes
$ 2,081
Special assessments
1
Collected by City $451,514
Collected by County
Principal 111,339
1
Interest and penalties 5,366
568,219
Proceeds from sale of bonds
550,000
Interest on investments
12,653
'
Special assessment searches and
other receipts
1,263
Other governmental units - Share of costs
35,062
'
City's share of improvements (reimburse-
ment from other City Funds for unassessed
costs of completed or canceled projects)
1,699
'
Transfer from Storm Sewer Construction Fund
Payment of principal and interest on bonds
20,979
Reimbursement of construction costs
500,000
Emergency Debt Certificate maturity
89,000
'
Interest on Emergency Debt Certificate
6,129
Total receipts
1,787,085
'
Total beginning cash and receipts
$1,866,741
Disbursements
Contract payments
$1,198,101
Equipment rental
47,989
Regular salaries
39,410
Materials
32,386
Extra construction costs
2,773
Insurance
987
Audit
500
1
Appraisal fees
630
Engineering salaries
20,794
Administrative expenses
8,479
Legal fees
4,749
Engineering expenses
170
Condemnations and land purchases
7,206
Advertising
315
'
Miscellaneous
57
Transfers to
General Debt Service Fund
376,300
Storm Sewer construction Fund
8,500
Total disbursements
1,749,346
'
Cash balance December 31, 1966
$ 117,395
43
44
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BALANCE SHEET - DECEMBER 31, 1966
Permanent
Improvement
Revolving
Fund Bonds
Total Account
ASSETS
Cash $ 492,190 $ 353,579
Cash with fiscal agents 147,235 55,759
Investments, at cost
City of Columbia Heights Bonds 44,646 44,646
Accrued interest receivable 3,300 3,300
Deferred taxes receivable* 3,977,708 1,721,130
Amount to be provided by future revenues 415,945 7.416
Total assets ,$,5,081.024 $2,185,830
LIABILITIES AND RESERVE
Bonded indebtedness
Matured bonds and interest $ 147,235 $ 55,759
Future maturities
Bonds 3,890,000 1,890,000
Interest 895,824 240,071
Reserve for payment of bonds and interest 147,965
Total liabilities and reserve $5081,024 $2,185,830
* The City is following the practice of canceling current collectible amounts of
deferred 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
Municipal
Building
Bonds
of 1959
Account
$ 13,653
12,175
' 97,850
' 12
$ 12,175
' 90,000
14,355
' 7,148
5123.678
1.451.172 liaiOu
$ 870 $ 40,163 $ 16,075 $ 4,255 $ 17,938
295,000 315,000 915,000 310,000 75,000
70,990 47,670 430,020 83,971 8,747
50,740 90,077
5366,860 5453,573 $1.451,172 22 101 68
45
Storm
Storm
Park
Sewer
Sewer
Water
Library
Bonds
Bonds
Bonds
System
Bonds
of 1962
of 1964
of 1965
Bonds
of 1966
Account
Account
Account
Account
Account
$ 29,987
$ 46,010
$ 32,947
$ 12,749
$ 3,265
870
40,163
16,075
4,255
17,938
320,350
367,400
1,402,150
68,828
15.653
381.222
11.654
1.451.172 liaiOu
$ 870 $ 40,163 $ 16,075 $ 4,255 $ 17,938
295,000 315,000 915,000 310,000 75,000
70,990 47,670 430,020 83,971 8,747
50,740 90,077
5366,860 5453,573 $1.451,172 22 101 68
45
46
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
Disbursements
Bond maturities $ 445,000 $370,000
Interest on bonds 145,904 57,345
Fiscal agents` service charges 931 612
Total disbursements $ 5912835 $427,957
Cash balance December 319 1966 $ 492,190 5353,579
Permanent
Improvement
Revolving
Fund Bonds
Combined
Account
Cash balance January 1, 1966
$ 512,164
$367,032
Receipts
Transfers from
Administration Fund
$ 13,413
Park Fund
24,001
Library Fund
20,740
Storm Sewer Construction Fund
84,061
Permanent Improvement Revolving Fund
376,300
$376,300
Water System Improvement Fund
2,128
Water Operating Fund
12,252
Accrued interest on bonds sold
3,758
2,996
Emergency Debt Certificate matured
32,600
32,600
Interest on Emergency Debt Certificate
2,608
2,608
Total receipts
$ 571,861
$414,504
Total beginning balance and receipts
$1,084,025
$781,536
Disbursements
Bond maturities $ 445,000 $370,000
Interest on bonds 145,904 57,345
Fiscal agents` service charges 931 612
Total disbursements $ 5912835 $427,957
Cash balance December 319 1966 $ 492,190 5353,579
1
1
Municipal
1 Bui Id ing
Bonds
of 1959
Account
14 032
$13,413
$13,413
'$27,445
' $10,000
3,770
22
$13,792
47
Storm
Storm
Park
Sewer
Sewer
Water
Library
Bonds
Bonds
Bonds
System
Bonds
of 1962
of 1964
of 1965
Bonds
of 1966
Account
Account
Account
Account
Account
$30,561
$47,072
$421097
$11,370
$24,001
$20,740
$44,333
$39,728
$ 2,128
12,252
272
490
$24,001
$44,333
$39,728
$14,652
$21,230
$54,562
$91,405
$81,825
.$26,022
$21,230
$15,000
$35,000
$15,000
9,532
10,325
$48,756
$13,237
2,939
43
70
122
36
26
$24,575
$45,395
$482878
.$13,273
$17A965
$ 9¢987
IIL1
12L-L265
47
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1966
$ 240,000
Permanent Improvement Revolving
Fund Bonds maturing
January 1, 1968 4/1/66 3.70* 1/1/68 $ 50,000
$100,000 per year 4/1/66 3.70' 1/1/69 -73 500,000
$ 550,000
Total Permanent Improvement Revolving Fund Bonds Account $1,890,000
Issue
Interest
Maturity
date
rate
date
Principal
Permanent Improvement Revolving
Fund Bonds Account
Permanent Improvement
Revolving
Fund Bonds maturing
December 1, 1967
12/1/56
3.60%
12/1/67
$ 5,000
Permanent Improvement
Revolving
Fund Bonds maturing
$50,000 per year
9/1/57
4.50
12/1/67 -72
$ 300,000
Permanent Improvement
Revolving
Fund Bonds maturing
$55,000 per year
6/1/59
3.50
6/1/67 -69
$ 165,000
Permanent Improvement
Revolving
Fund Bonds maturing
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
$ 300,000
Permanent Improvement
Revolving
Fund Bonds maturing
October 1, 1967
10/1/61
3.00
10/1/67
$ 80,000
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
$ 330,000
Permanent Improvement
Revolving
Fund Bonds maturing
$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
$ 240,000
Permanent Improvement Revolving
Fund Bonds maturing
January 1, 1968 4/1/66 3.70* 1/1/68 $ 50,000
$100,000 per year 4/1/66 3.70' 1/1/69 -73 500,000
$ 550,000
Total Permanent Improvement Revolving Fund Bonds Account $1,890,000
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1966 (CONTINUED)
1
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%
12/1/67 -69
$
30,000
$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
302000
Total Municipal Building
Bonds of
1959 Account
$
90,000
Park Bonds of 1962 Account
Park Bonds maturing
$15,000 per year
2/1/62
2.70
2/1/67 -68
$
30,000
$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
$30,600 per year
2/1/62
3.50
2/1/78 -79
60,000
Total Park Bonds of 1962
Account
$
295,000
Storm Sewer Bonds of 1964 Account
'
Storm Sewer Bonds maturing
$35,000 per year
12/1/64
2.80
12/1/67 -69
$
105,000
$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
$
315,000
49
50
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BONDS PAYABLE - DECEMBER 31, 1966 (CONTINUED)
$ 260,000
Water System Bonds of April 1, 1966
maturing
$25,000 per year 4/1/66 3.70* 1/1/72 -73 $ 50,000
Total General Obligation Water Revenue Bond Account $ 310,000
Library Bonds of 1966 Account
Library Bonds maturing
$15,000 per year 4/1/66 3.70* 1/1/68 -72 $ 75,000
*Plus additional interest at the rate of 0.90% per annum on all bonds for the period
from June 11, 1966 to July 1, 1967.
Total General Debt Service Fund bonds payable
:•1 111
Note - January 1, 1967 maturities are considered as matured December 31, 1966.
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/l/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
l/l/85
140,000
.Total Storm Sewer Bonds
of 1965 Account
$ 915,000
General Obligation Water Revenue Bond Account
Water System Bonds of October 1,
1965
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
$ 260,000
Water System Bonds of April 1, 1966
maturing
$25,000 per year 4/1/66 3.70* 1/1/72 -73 $ 50,000
Total General Obligation Water Revenue Bond Account $ 310,000
Library Bonds of 1966 Account
Library Bonds maturing
$15,000 per year 4/1/66 3.70* 1/1/68 -72 $ 75,000
*Plus additional interest at the rate of 0.90% per annum on all bonds for the period
from June 11, 1966 to July 1, 1967.
Total General Debt Service Fund bonds payable
:•1 111
Note - January 1, 1967 maturities are considered as matured December 31, 1966.
51
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1966
Year
Total
Principal
Interest
1967
$ 570,640
$ 415,000
$155,640
1968
548,740
430,000
118,740
1969
538,708
435,000
103,708
1970
534,440
445,000
89,440
1971
533,861
460,000
73,861
1972
443,016
385,000
58,016
1973
169,070
125,000
44,070
1974
170,295
130,000
40,295
1975
166,400
130,000
36,400
1976
122,425
90,000
32,425
1977
119,365
90,000
29,365
1978
126,205
100,000
26,205
1979
122,775
100,000
22,775
1980
104,800
85,000
19,800
1981
111,824
95,000
16,824
1982
118,500
105,000
13,500
1983
139,720
130,000
9,720
1984
145,040
140,000
5,040
$4,785P82
$3P890,000
5895 8/
Note - January 1 maturities are considered matured December 31 of the preceding
year. The above amounts are payable in the year shown.
52
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
BALANCE SHEET - DECEMBER 31, 1966 AND 1965
ASSETS
CURRENT ASSETS
1966 1965
Cash $ 60,672 $ 46,291
Petty cash and change funds 2,400
Account receivable - Municipal Liquor Debt Service
Fund 4,392
Insurance premium refund receivable 1,394
Inventories, at cost 86,532 79,263
Prepaid insurance 1,538 2,366
Total current assets $151,142 $133,706
FIXED ASSETS, at cost
Land and improvements $ 34,915 $ 34,681
Buildings and improvements 182,821 180,174
Furniture and equipment 73,106 71,310
Total cost $290,842 $286,165
Less accumulated depreciation 77,656 68,298
Total fixed assets (net) $213,186 $217,867
Total assets 64 32 3 3
LIABILITIES AND RETAINED EARNINGS
CURRENT LIABILITIES
Accounts payable
Administration Fund $ 3,674
Public Employees' Retirement Association $ 12,703 11,332
Other 26,167 30,643
Accrued wages payable 1,509 1,174
Special assessments payable 234
Total current liabilities $ 40,613 $ 46,823
RETAINED EARNINGS
Invested in fixed assets (net fixed assets) $213,186 $217,867
Net working capital (current assets les
current liabilities) 110,529 86,883
Total retained earnings $323,715 $304,750
Total liabilities and retained earnings 36 3 8 $351,573
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENT OF INCOME AND RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1966 AND 1965
Transfers to other City funds
Administration Fund
Police and Court Fund
Fire Department Fund
Street Department Fund
Park Fund
Band Fund
Library Construction Fund
Storm Sewer Construction Fund
Adjustments
Amounts in excess of debr service
requirements transferred to
Municipal Liquor Debt Service Fund
Retrospective insurance refund applicable
to prior years
(10,000)
(19,379)
(11,000)
(27,000)
(11,000)
( 500)
(11,000)
Retained earnings end of year 3 3 71
1965
$634,339
214.960
$849,299
599,969
$249,330
28,797
$278,127
172.235
$105,892
2,344
362)
$107,874
269,364
8,091)
( 6,393)
(10,282)
(10,211)
( 1,000)
(21,000)
(22,450)
5,545
1,394
13L4,7
Percent
of sales
74.69
25.31
100.00
70.64
29.36
3.39
32.75
20.28
12.47
.28
.0 )
12.71
53
1966
Percent
of sales
Sales
Off sale
$672,9:,/
75.76
On sale
215228-
24.24
$888,212
100.00
Cost of sales (excluding discounts)
6302690
71.01
Gross profit before discounts
$257,522
28.99
Add - Discounts
31,041
3.49
Gross profit
$288,563
32.48
Operating expenses
182,532
20.55
Operating income
$106,031
11.93
Other income and (expenses)
Other income (including vending
machine sales)
2,813
.32
Interest
Net income
$108,844
12.25
Retained earnings beginning of year
304,750
Transfers to other City funds
Administration Fund
Police and Court Fund
Fire Department Fund
Street Department Fund
Park Fund
Band Fund
Library Construction Fund
Storm Sewer Construction Fund
Adjustments
Amounts in excess of debr service
requirements transferred to
Municipal Liquor Debt Service Fund
Retrospective insurance refund applicable
to prior years
(10,000)
(19,379)
(11,000)
(27,000)
(11,000)
( 500)
(11,000)
Retained earnings end of year 3 3 71
1965
$634,339
214.960
$849,299
599,969
$249,330
28,797
$278,127
172.235
$105,892
2,344
362)
$107,874
269,364
8,091)
( 6,393)
(10,282)
(10,211)
( 1,000)
(21,000)
(22,450)
5,545
1,394
13L4,7
Percent
of sales
74.69
25.31
100.00
70.64
29.36
3.39
32.75
20.28
12.47
.28
.0 )
12.71
53
55
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENT OF OPERATING EXPENSES
YEARS ENDED DECEMBER 31, 1966 AND 1965
1966
1965
Percent
Percent
of sales
of sales
Salaries and wages
$129,656
14.60
$123,878
14.59
Contributions to Public Employees'
Retirement Association
9,171
1.03
8,046
.95
Employees' welfare
3,111
.35
2,982
.35
Laundry
1,588
.18
1,401
.16
Bar supplies
1,119
.13
1,085
.13
Store supplies
2,434
.27
2,355
.28
Office supplies
257
.03
96
.01
Store expenses
6,449
.73
7,271
.86
Telephone
637
.07
710
.08
Utilities
7,042
.79
7,496
.88
Insurance and bonds
7,111
.80
3,754
.44
Depreciation
9,932
1.12
10,009
1.18
Maintenance and repair
3,129
.35
2,252
.27
Licenses and memberships
96
.01
100
.01
Independent auditing
800
.09
800
.09
Total operating expenses
2 2
2D._51
$172,235
20.28
56
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING INCOME FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1966
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
$888,212 $672,927
6302690 543,830
$257,522 $129,097
28.99% 19.18%
31,041
26,385
3.49%
3.92%
$288,563
$155,482
32.48%
23.10%
182,532
84,613
20.55%
12.57%
$106,031
$ 70,869
11.3%
10.53%
57
Off sale stores
On sale
No. 1
No. 2
No. 3
store
$299,062
$178,399
$195,466
$215,285
237,538
147,512
1583780
86,860
$ 61,524
$ 30,887
$ 36,686
$128,425
20.57%
17.31%
18.77%
59.65%
11,516
7,667
7,202
4,656
3.85%
4.307.
3.687.
2.16%
$ 73,040
$ 38,554
$ 43,888
$133,081
24.42%
21.61%
22.45%
61.81%
34,457
23,957
26,199
97,919
11.52%
13.43%
13.40%
45.48%
$ 38,583
$ 14,597
$ 17,689
$ 35,162
12.901
8.18%
58
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING EXPENSES FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1966
Total
all
stores
Total
Percent
of sales
Salaries and wages
$129,656
$ 57,420
8.53
Contributions to Public Employees'
Retirement Association
9,171
4,060
.60
Employees' welfare
3,111
938
.14
Laundry
1,588
417
.06
Bar supplies
1,119
Store supplies
2,434
1,731
.26
Office supplies
257
239
.04
Store expense
6,449
1,948
.29
Telephone
637
637
.09
Utilities
7,042
4,715
.70
Insurance and bonds
7,111
5,263
.78
Depreciation
9,932
5,012
.75
Maintenance and repair
3,129
1,549
.23
Licenses and memberships
96
84
.01
Independent auditing
800
600
.09
Total operating expenses
1 2 2
S 84,613
12157
On sale
Percent
of sales
$ 72,236
33.55
5,111
I
2,173
1.01
1,171
.54
1,119
.52
703
.33
18
.01
4,501
2.09
2,327
1.08
1,848
.86
4,920
2.29
1,580
.73
12
Off sale
stores
.09
No.
1
No.
2
No.
3
Percent
Percent
Percent
of sales
of sales
of sales
$ 22,762
7.61
$ 17,156
9.62
$ 17,502
8.96
1,609
.54
1,213
.68
1,238
.63
458
.15
240
.14
240
.12
169
.06
107
.06
141
.07
1,628
.54
22
.01
81
.04
92
.03
61
.03
86
.04
1,041
.35
310
.17
597
.31
'
306
.10
164
.09
167
.09
1,835
.61
1,032
.58
1,848
.95
21229
.75
12487
.83
1,547
.79
'
12825
.61
1,248
.70
1,939
.99
274
.09
689
.39
586
.30
29
.01
28
.02
27
.01
200
.07
200
.11
200
.10
On sale
MWIMMI
59
Percent
of sales
$ 72,236
33.55
5,111
2.37
2,173
1.01
1,171
.54
1,119
.52
703
.33
18
.01
4,501
2.09
2,327
1.08
1,848
.86
4,920
2.29
1,580
.73
12
.01
200
.09
MWIMMI
59
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR DEBT SERVICE FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
Cash balance January 1, 1966 $ 4,392
Disbursements - Transfer to Municipal Liquor Operating Fund 4,392
Cash balance December 31, 1966 $ -O-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC UTILITY FUNDS
BALANCE SHEETS - DECEMBER 31, 1966
ASSETS
CURRENT ASSETS
Cash
Accounts receivable
Customers
Other
Delinquent taxes receivable
Inventory - Water meters, at cost
Total assets
Water
Utility
Operating
Combined Fund
61
Sewer
Water
Utility
System
Operating
Improvement
Fund
Fund
$116,156 $134,705 $ 20,363 $(38,912)
63,224 39,725 23,499
222 222
402 402
10,826 102826
JLJL 912)
LIABILITIES, RESERVE AND FUND BALANCE
CURRENT LIABILITIES
Accounts payable
Public Employees' Retirement
Association
$ 6,818
$ 3,409
$ 3,409
City of Minneapolis, Minnesota
33,329
10,372
22,957
Other
4,473
3,698
613
$ 162
Retained percentage on contracts
23,472
23,472
Special assessments payable
72552
4,674
22878
Total current liabilities
$ 75,644
$ 22,153
$ 29,857
$ 23,634
DEFERRED LIABILITY - City of
Minneapolis, Minnesota
92
92
RESERVE FOR ENCUMBRANCES
24,474
24,474
FUND BALANCE (deficit)
902620
163,325
14,315
(87,020)
Total liabilities and fund balance
$190,830
I 4 8
44 2 4
$08,912)
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.
62
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
Operating revenue
Water sales $249,937
Hydrant rental 4,000
Meter sales 4,942
Service connections 2,155
Penalties 2,374
Refunds and reimbursements 248
Meter repairs and special service 964
Miscellaneous 176
Total operating revenue $264,796
Operating expenses (see footnote)
Water purchases
$132,783
Regular salaries
30,264
Extra salaries
5,256
Office supplies
324
Postage
592
Meter repair parts
255
Plumbing supplies
1,547
Meters
4,408
Supplies
1,121
Equipment repair and maintenance
2,952
Tank service
540
Telephone
524
Light and power
4,044
Fuel
299
Rent
150
Main repair and maintenance
2,493
Hydrant repair and maintenance
2,724
Insurance
816
Audit
300
Public Employees' Retirement Association contributions
3,263
Miscellaneous
229
Total operating expenses
194,884
Operating income $ 69,912
Note - Depreciation is not included as an operating expense. See note on balance
sheet.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE (CONTINUED)
YEAR ENDED DECEMBER 31, 1966
Operating income (carried forward)
Other expense
Interest on special assessments
Interest on revenue bonds
Net income
Fund balance, January 1, 1966
Deduct
Capital outlay expenditures
Special assessments
Equipment
Furniture and fixtures
Transfer to General Debt Service Fund
Less interest expense on revenue
bonds (above)
Fund balance, December 31, 1966
$ 69,912
68
10,655 10,723
$ 59,189
114,211
3,763
4,701
14
$ 12,252
(10,655) 1,597 10,075
16 32
63
64
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY OPERATING FUND
STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1966
Operating revenue - Sewer rental $125,004
Operating expenses (see footnote)
Regular salaries
$ 32,963
Extra salaries
1,885
City of Minneapolis
Sewage disposal and maintenance charges
41,846
Storm water disposal charges
1,282
Office supplies
124
Postage
281
General supplies
6,230
Equipment repair and maintenance
2,663
Telephone
304
Light and power
563
Fuel
255
Rent
150
Insurance
2,929
Audit
300
Maintenance
2,280
Public Employees' Retirement Association contributions
3,263
Miscellaneous
24
Total operating expenses
97,342
Operating income $ 27,662
Other income and (expense)
General property taxes 1,828
Interest on special assessments 207)
Net income $ 29,283
Fund balance, January 1, 1966 34,006
Deduct
Capital outlay expenditures (8,974)
Transfer to Storm Sewer Construction Fund (40,00 )
Fund balance, December 31, 1966 S 14.315
Note - Depreciation is not included as an operating expense. See note on balance
sheet.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER SYSTEM IMPROVEMENT FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1966
Cash balance, January 1, 1966
Receipts
Proceeds from sale of bonds
Interest on investments
Total receipts
Total beginning balance and receipts
Disbursements
Regular salaries
Extra salaries
Professional services
Appraisal fee
Materials
Equipment rent
Engineering fee
Land
Miscellaneous
Contract payments
City of Minneapolis
Connection to Hilltop Reservoir
Perpetual lease of portion of Hilltop Reservoir capacity
Reimbursement to Permanent Improvement Revolving Fund
Trunk portion of main
Transfers to
General Debt Service Fund - Interest during construction period
Water Utility Operating Fund - Engineering fee paid in 1965
Total disbursements
Cash balance, December 31, 1966
$247,037
$ 50,000
9,119
59,119
$306,156
$ 7,813
236
460
250
1,546
235
6,000
1,183
376
216,251
4,702
91,600
11,679
2,128
609
$345,068
$(38,912)
65
M.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER SYSTEM IMPROVEMENT FUND
STATEMENT OF EXPENDITURES - COMPARED WITH APPROPRIATIONS
YEAR ENDED DECEMBER 31, 1966
Appropriations
Bond proceeds $310,000
Interest earned on investments 9,119
Total $319,11 9
Less
Expenditures
Prior years $363,391
Current year 18,279
Total expenditures $381,665
Encumbrances outstanding December 31, 1966 24,474
Total expended and encumbered $406,139
Excess of expenditures and encumbrances over appropriations 87 02 )
67
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' STATEMENT OF CASH - DECEMBER 31, 1966
Treasurer cash
Cash in banks
Regular checking accounts
Columbia Heights State Bank, Columbia Heights, Minnesota $ 222,985
Third Northwestern National Bank, Minneapolis, Minnesota 6,322
Certificates of deposit and savings certificates
Third Northwestern National Bank, Minneapolis, Minnesota 400,000
1 Temporary investments - United States government obligations 4002000
Total treasurer cash $1,029,307
STATEMENT OF UNITED STATES GOVERNMENT SECURITIES
PLACED IN ESCROW BY DEPOSITORY BANKS FOR
THE SAFEGUARDING OF CITY FUNDS
DECEMBER 31 1966
Face
amount of
' Depository banks Escrow banks securities
Columbia Heights State Bank, Marquette National Bank, $ 218,000
Columbia Heights, Minnesota Minneapolis, Minnesota
Third Northwestern National Bank, Federal Reserve Bank, 1,1003000
Minneapolis, Minnesota Minneapolis, Minnesota
Additional coverage of $159000 is provided at each depository bank by the Federal
Deposit Insurance Corporation,
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
$11,785 short of requirement at December 31, 1966,
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SUMMARY STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS
YEAR ENDED DECEMBER 31, 1966
Cash I
balance Receipts
January 1, Debt Interfund 1
1966 certificates transfers Other
Fund
Administration
$(
26,376)
$ 32,673
$ 190,299
Police and Court
24,719
19,379
146,678
Fire Department
(
16,689)
11,000
101,760
Civil Defense
15,253
7,842
Street Department
(
141,908)
27,000
202,295
State Aid
Maintenance
(
12,536)
14,078
Construction
(
97,986)
93,682
Debt Service
2,127
1,962
12,000
Recreation
784
36,433
Park
(
53,037)
11,000
151,937
Library
(
3,270)
55,998
Band
513
500
Mayor's Contingent
156
Building
20,122
Flood Control
19,627
Library Construction
81,824
11,000
132,107
Storm Sewer Construction
932,882
48,500
105,966
Park Construction
(
11,624)
28,170
Permanent Improvement Revolving
79,656 $ 89,000
520,979
1,177,106
General Debt Service
Permanent Improvement Revolving
Fund Bonds Account
367,032 32,600
376,300
5,604
Municipal Building Bonds of
1959 Account
14,032
13,413
Park Bonds of 1962 Account
30,561
24,001
Storm Sewer Bonds of 1964 Account
47,072
44,333
Storm Sewer Bonds of 1965 Account
42,097
39,728
Water System Bonds of 1965 Account
11,370
14,380
272
Library Bonds of 1966 Account
20,740
490
Municipal Liquor
Operating
43,891
4,392
892,643
Debt Service
4,392
Water Utility Operating
81,319
609
267,259
Sewer Utility Operating
38,513
127,534
Water System Improvement
247,037
59,119
Total
$1,741,553 121 0
$1,221,8U
$3,809,272
M
Disbursements
Debt Interfund
Total certificates transfers Other Total
Cash
balance
December 31,
1966
$ 222,972
$ 13,413
$ 192,634
$ 206,047
$(
9,451)
166,057
191,465
191,465
(
689)
112,760
118,307
118,307
(
22,236)
7,842
16,279
16,279
6,816
229,295
202,994
202,994
(
115,607)
14,078
1,962
7,545
9,507
(
7,965)
93,682
1,209
1,209
(
5,513)
13,962
14,261
14,261
1,828
36,433
35,696
35,696
1,521
162,937
24,001
130,036
154,037
(
44,137)
55,998
20,740
32,359
53,099
(
371)
500
585
585
428
156
19,000
678
19,678
444
21,392
21,392
(
1,765)
143,107 $ 89,000
148,089
237,089
(
12,158)
154,466
605,040
10,093
615,133
472,215
28,170 32,600
4,568
37,168
(
20,622)
1,787,085
384,800
1,364,546
1,749,346
117,395
414,504
427,957
427,957
353,579
13,413
13,792
13,792
13,653
24,001
24,575
24,575
29,987
44,333
45,395
45,395
46,010
39,728
48,878
48,878
32,947
14,652
13,273
13,273
12,749
21,230
17,965
17,965
3,265
897,035
93,552
786,702
880,254
60,672
4,392
4,392
-0-
267,868
12,252
202,230
214,482
134,705
127,534
40,000
105,684
145,684
20,363
59,119
2,737
342,331
345,068
( 382912)
$5,152,761 $121,600
1.221,889
$4,521,518
$5,865,007
$1,029.307
70
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INVESTMENT IN CITY OF COLUMBIA HEIGHTS BONDS
DECEMBER 31, 1966
Owned by General Debt Service Fund
Permanent Improvement Revolving
Fund Bonds, dated July 1, 1960
Park Bonds, dated February 1, 1962
Total
Maturity Interest Matured
date rate value Cost
7/1/71 3.70%
2/1/77 3.40
ACCOUNTS RECEIVABLE - STATE OF MINNESOTA
DECEMBER 31, 1966
Liquor tax apportionment
Cigarette tax apportionment
State aid allocation for street construction
Federal aid through State Department of Civil Defense for
Personnel and Administrative Expense Program
Condemnation of City owned land
$ 40,000 $ 39,646
5,000 5,000
000
$ 16,065
22,584
61,851
1,081
3,000
Total 10 1
71
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE REQUIREMENTS (PRINCIPAL AND INTEREST) - ALL FUNDS
DECEMBER 31, 1966
Note - January 1 maturities are considered matured December 31 of the preceding
year. The above amounts are payable in the year shown,
Municipal
State Aid
Bonds Debt
General Debt
Year
Total
Service Fund
Service Fund
1967
$ 584,584
$13,944
$ 570,640
1968
562,384
13,644
548,740
1969
552,052
13,344
538,708
1970
547,460
13,020
534,440
1971
546,557
12,696
533,861
1972
455,364
12,348
443,016
1973
169,070
169,070
1974
170,295
170,295
1975
166,400
166,400
1976
122,425
122,425
1977
119,365
119,365
1978
126,205
126,205
1979
122,775
122,775
1980
104,800
104,800
1981
111,824
111,824
1982
118,500
118,500
1983
139,720
139,720
1984
145,040
145,040
$4.864.820
$4,7850824
Note - January 1 maturities are considered matured December 31 of the preceding
year. The above amounts are payable in the year shown,
72
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES
(Shown by year of collectibility)
1964
1965
1966
1967
Assessed Valuations
Real estate
$7,925,381
$8,687,633
$ 9,189,319
$ 9,331,589
Personal property
928,614
1,041,908
12091,958
12084,546
Total
$8.853.995
$9,729F,541
$10.281.277
$10,416,135
Tax levies
Administration
$ 63,297
$ 512,260
$ 61,071
$ 94,400
Police
104,623
114,636
161,500
Police Relief Association
8,850
Firemen's Relief Association
8,850
Fire
69,074
87,185
82,000
Civil Defense
8,865
10,021
3,393
3,500
Street
102,392
124,918
122,900
Recreation
12,057
16,347
17,500
Park
122,516
151,855
142,150
Library
24,024
25,005
40,200
33,650
Bonds
2,039
2,043
1,953
Storm sewer bonds
27,482
50,010
79,988
56,300
Storm sewer construction
10,000
Sewer and water
4,964
7,395
1,953
4,000
Deferred liabilities
35,620
University Avenue signals
21,900
Total
$ 559.033
$ 606,734
$ 683499
$ 785,420
Mill Rates
Administration
7.15
52.65
5.94
9.06
Police
11.82
11,1.5
15,50
Police Relief Association
1.00
Firemen's Relief Association
1.00
Fire
7.80
8,48
7.87
Civil Defense
1.00
1.03
.33
.34
Street
11.56
12.15
11,80
Recreation
1.36
1.59
1.68
Park
13.84
14.77
13.65
Library
2.71
2.57
3.91
3.23
Bonds
.23
.21
.19
Storm sewer bonds
3.10
5.14
7.78
5.41
Storm sewer construction
.96
Sewer and water
.56
.76
.19
.38
Deferred liabilities
3.42
University Avenue signals
2,10
Total
63.13
6 2.36
66.48
75,40
7.3
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE COVERAGE
DECEMBER 31, 1966
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
120,000
Contents
90
10,000
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
29,100
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, 1966
Rosella C. Lawson City Treasurer $5,000
Pauline M. Glatzmaier 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.
Note - Floyd C. Lawson resigned effective July 1, 1966 as City Assessor. Ralph Bauer
was appointed Assessor. No bond has been secured for Mr. Bauer as required by State
law,