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CITY OF COLUMBIA HEIGHTS, MINNESOTA
FINANCIAL STATEMENTS
DECEMBER 31, 1967
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
YEAR ENDED DECEMBER 31, 1967
Elected
Term of office
expires
January
Mayor - Bruce Nawrocki 1970
Councilmen
Robert G. King 1970
Dale Jeska 1970
William Land 1972
Walter S. Logacz 1972
Municipal Judge - Joseph E. Wargo
Appointed
City Manager - Malcolm 0, Watson
Clerk- treasurer - Alvin P. Theis - appointed January 1968
Attorney - Spencer Sokolowski
Engineer - George F. Brown
Term of office will expire September 1, 1968 with duties then assumed by Anoka
County Municipal Court,
ICITY OF COLUMBIA HEIGHTS, MINNESOTA
ITABLE OF CONTENTS
1 Pape
Independent certified public accountants' opinion 1
1 Comments 2
Special revenue funds
1 Balance sheets 22
Recreation Fund
Statement of revenue - Actual compared with budget estimates 24
Statement of expenditures
Balance sheets -
All funds
24
8
General Fund
Statement of revenue — Actual compared with
budget estimates
25
Balance sheet
Administration
— Actual compared
with budget estimates
10
Statements of cash receipts
Statement of
-
revenue Actual compared with
budget estimates
11
Statement of
expenditures - Actual compared
with budget estimates
13
Police and Court
Building Fund
Statement of
revenue - Actual compared with
budget estimates
15
27
Statement of
expenditures - Actual compared
with budget estimates
15
Fire Department
Statement of
revenue — Actual compared with
budget estimates
17
Statement of
expenditures - Actual compared
with budget estimates
17
Street Department
'
Statement of
revenue - Actual compared with
budget estimates
18
Statement of
-
expenditures Actual compared
with budget estimates
18
Park Fund
Statement of
revenue - Actual compared with
budget estimates
19
Statement of
expenditures — Actual compared
with budget estimates
19
Library Fund
Statement of
revenue - Actual compared with
budget estimates
21
Statement of
expenditures - Actual compared
with budget estimates
21
Special revenue funds
1 Balance sheets 22
Recreation Fund
Statement of revenue - Actual compared with budget estimates 24
Statement of expenditures
- Actual compared
with budget estimates
24
Civil Defense Fund
Statement of revenue — Actual compared with
budget estimates
25
Statement of expenditures
— Actual compared
with budget estimates
25
Statements of cash receipts
and disbursements
State aid funds
26
Band Fund
27
Building Fund
27
Flood Control Fund
27
' Bond Funds - Statements of cash receipts and disbursements 28
Permanent Improvement Revolving Fund
' Balance sheet 29
Statement of cash receipts and disbursements 31
CITY OF COLUMBIA:HEIGHTS, MINNESOTA
TABLE OF CONTENTS (CONTINUED)
Pale
General Debt Service Fund
Balance sheet 32
Statement of cash receipts and disbursements 34
Municipal Liquor Operating Fund
Balance sheet 37
Statements of operating income 38
Analysis of changes in retained earnings 38
Statements of operating expenses 40
Public utility funds
Balance sheets 42
Statement of income and fund balance
Water Utility Operating Fund 43
Sewer Utility Operating Fund 44
Water System Improvement Fund
Statement of cash receipts and disbursements 45
Statement of expenditures - Compared with appropriations 45
Pension Fund - Statement of cash receipts
45
Miscellaneous information
Statement of cash and security for deposits 46
Summary statement of cash receipts and disbursements - All funds 46
Bonds payable - All funds 47
Debt service requirements - All funds 49
Insurance coverage 50
Employees' surety bonds 50
Assessed valuations, tax levies and mill rates 51
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 3, 1968
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, 1967. 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.
' In our opinion, the accompanying statements, subject to the above comment,
present fairly the financial position of the respective funds of the City
of Columbia Heights, Minnesota at December 31, 1967 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
by popular vote and consists
presiding 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
of five members including the Mayor, who is the
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, except
interfund balances, 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 1967 compared with 1966 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
1967
Cost per
1966
Cost per
Amount
Percent
Amount
Percent
$ 263,372
23.4
$ 219,298
22.2
205,597
18.3
166,057
16.8
137,774
12.3
112,760
11.4
8,012
.7
7,842
.8
252,997
22.5
226,787
22.9
41,406
3.7
36,433
3.7
161,817
14.4
162,937
16.5
52,734
4.7
552998
5.7
$1,123.709
X00.0
.$ 988,112
100.0
Cost per
Cost per
Amount
capita
Amount
capita
$ 242,399
$ 9.66
$ 206,140
$ 8.45
203,754
8.12
191,173
7.84
138,854
5.53
118,441
4.85
11,975
.48
16,166
.66
218,221
8.69
200,342
8.21
38,542
1.54
35,792
1.47
159,565
6.36
152,207
6.24
56,591
2.25
54,474_
2.23
S1o069,901
$42.63
$39.95
1
GENERAL FUND
This fund was established as of December 31, 1967 to consolidate the activities
previously accounted for in the Administration, Police and Court, Fire Department,
Street, Park and Library Funds.
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 were used to provide basic governmental
services such as general administration and protective inspection. The City also
accounted for its garbage collection services in this fund.
For 1967 actual revenues were over budget by $26,307 and actual expenditures were
over budget by $5,334. This eliminated the fund deficit as of December 31, 1967.
Detailed statements of revenue and expenditures show differences between actual and
budget estimates.
Police and Court Fund - This fund accounted
and Municipal Court, The principal sources
property taxes, fines and shared State taxes
ended December 31, 1967, the fund deficit wa
3
for the operations of the Police Department
of revenue for this fund were general
(liquor and cigarette). During the year
s eliminated,
' Fire Department Fund - The operations of the Fire Department were accounted for in
this fund. Financing was provided by transfers from the Municipal Liquor Operating
Fund, general property taxes and a portion of the liquor and cigarette tax appor-
tionments from the State of Minnesota, During 1961, the fund deficit increased from
$23,153 to $24,233.
Street Department Fund - The purpose of this fund was to account for operations of
the Street Department having to do with construction and maintenance of all City
streets, except State designated streets which were handled in separate State aid
funds. The main sources of revenue were general property taxes, shared State taxes
' (liquor and cigarette), and transfers from the Municipal Liquor Operating Fund,
Revenue budgeted in excess of expenditures for 1967 was the main factor in reducing
the fund deficit by $34,776 to $86,997 at December 31, 1967,
Park Fund - The purpose of this fund was to account for the acquisition, improvement,
maintenance and operation of park and playground facilities. The Park Fund was
financed primarily by a general property tax levy and transfers from the Municipal
Liquor Operating Fund, Additional revenue was derived from canteen receipts and
rental of certain park facilities. The fund deficit was reduced from $48,768 to
$46,516 during 1967.
Library Fund - The operation of the City library was accounted for in this fund,
General property taxes were the primary source of revenue.
SPECIAL REVENUE FUNDS
Special revenue funds are established to account for taxes and other revenues
(except special assessments) set aside for a particular purpose. Following is a
' brief description of each fund.
Recreation Fund - This fund accounts for the City recreation program which is carried
on in co- operation with Independent School District N6, 13 under the direction of a
five - member board.
4
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.
State Aid Maintenance Fund - Gasoline tax collections apportioned to 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 $11,395 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.
State Aid Debt Service Fund - This fund was established to account for debt service
on $120,000 State aid bonds issued January 1, 1963. Allocations are made from
gasoline tax, street construction and maintenance allotments to pay bonds and
interest thereon, respectively.
Band Fund - This fund was closed in 1967 with its fund balance of $428 transferred
to the Administration Fund.
Building Fund - This fund was used to account for acquisitions, improvements and
sales of land and buildings not accounted for in other funds. During the year,
$10,448 was transferred to the Park Construction Fund to provide additional
financing of park improvements. The Building Fund was closed in 1967 and its cash
balance of $5,608 was transferred to the Administration Fund.
Flood Control Fund - This fund was established in 1965 to account for expenses
incurred by the City for flood control. During 1967, a transfer of $25,076 was
made from the Storm Sewer Construction Fund to close out this fund.
Mayor's Contingent Fund - This fund was established to account for payment of
miscellaneous City promotion expenses incurred by the Mayor.
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 $20,982 was provided by the City. This fund was closed
during 1967.
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 facil-
ities. The accounting for the construction is being done in the Permanent
Improvement Revolving Fund and transfers are made from the Storm Sewer Construction
Fund as monies are needed. During 1967, loans of $100,650 and $18,000 were made for
water system improvements and the purchase of a fire truck, respectively. The
amounts borrowed along with interest on the loans will be repaid directly to the
Storm Sewer Bond of 1965 Account of the General Debt Service Fund by the Water
Utility Operating Fund and the General Fund under provisions of Ordinance Number 666
adopted by the City in 1967.
9
Park Construction Bond Fund - On February 1, 1962 Park Bonds were issued in the
amount of $325,000 for the acquisition of land and development of park and playground
facilities. A separate account in the General Debt Service Fund has been established
to handle debt service for this bond issue. Additional financing of $21,556 was pro-
vided by the City during 1967 to cover all expenses incurred in acquisition and
development of park and playground facilities. The fund was closed in 1967.
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, transcations 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.
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. See Storm Sewer Construction Fund
comments regarding partial payment from other City funds.
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 required.
Library Bonds of 1966 Account - This account was established to handle the debt re-
tirement 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. 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 1965, 1966 and 1967.
Percent of Percent of
net income net income
Transfers to other
City Funds 1 0 78.40 82.58 2
PUBLIC UTILITY FUNDS
Percent of
73 63
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 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. Utility revenue is also pledged to repay a loan of $100,650.
See comments on the Storm Sewer Construction Fund.
1967
1966
1965
Percent
Percent
Percent
of sales
of sales
of sales
Sales
Off sale
$725,973
76.49
$672,927
75.76
$634,339
74.69
On sale
223,119
23.51
215,285
24.24
214,960
25.31
Total sales
$949,092
100.00
$888,212
100.00
$849,299
100.00
Cost of sales
636,187
67.03
599,649
67.52
571,172
67.25
Gross profit
$312,905
32.97
$288,563
32.48
$278,127
32.75
Operating expenses
190,103
20.03
182,532
20.55
172,235
20.28
Operating income
$122,802
12.94
$106,031
11.93
$105,892
12.47
Other income and
expense (net)
4,751
.50
2,813
.32
1,982
.24
Net income
$107,8
—IL2-1
Percent of Percent of
net income net income
Transfers to other
City Funds 1 0 78.40 82.58 2
PUBLIC UTILITY FUNDS
Percent of
73 63
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 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. Utility revenue is also pledged to repay a loan of $100,650.
See comments on the Storm Sewer Construction Fund.
IWater and sewer utilities operating funds (Continued)
' In accordance with the terms of a contract between the City of Columbia Heights and
the City of Minneapolis, dated July 1, 1965, Columbia Heights has agreed to lease
perpetually from Minneapolis a 6,200,000 gallon volume share of capacity in the
Minneapolis Hilltop reservoir for $458,000 payable in annual amounts of $91,600
beginning in 1966. At its option, Columbia Heights may also acquire an additional
1,000,000 gallon share of capacity from Minneapolis for $61,000.
A condensed summary of 1967 utility operations with budget estimates presented for
comparison is shown below.
7
Water
Sewer
Budget
Budget
Actual
estimates
Actual
estimates
Revenue
Water sales
$263,023
$260,000
Sewer rental
$131,886
$138,000
Other
12,324
172380
12413
22763
' Total revenue
$275,347
$2772380
$133,299
$140,763
Expenses
Water purchases
$119,408
$160,000
'
Disposal charges
$ 43,226
$ 38,000
Salaries
42,158
35,000
35,711
34,608
Meters and repair parts
4,138
14,000
' Interest expense
10,677
12,000
173
1,000
Other
25,132
28,180
21,369
23,255
Total expenses
$201,513
$249,180
$100,479
96,863
' Net income
73,834
28,200
32,820
43,900
Capital outlay expenditures
'
City of Minneapolis - Contract
payment
$ 91,600
$ 93,000
Water system improvements
100,650
Transfer to Storm Sewer Con-
struction Fund
$ 40,000
$ 40,000
Other
12124
2,650
802
3,900
Total capital outlay
expenditures
$193,374
95,650
40 802
$ 43,900
Decrease in fund balance
1
45
$ -0-
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
$28,548-will
be required to finance construction
obligations
outstanding
at December
31, 1967.
' Pension Fund - This fund was established
to account
for the
collection
of general
property taxes levied and other
revenue to pay
for the City's
share of
the con-
tributions to the Public Employees'
Retirement
Association and
Social Security
' Administration.
7
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BALANCE SHEETS - ALL FUNDS
DECEMBER 31, 1967
Special
General
revenue
Combined
Fund
funds
ASSETS
Cash (deficit)
$ 736,552
$(138,982)
$(11,279)
Petty cash and change funds
3,135
460
275
Cash with fiscal agents
278,418
12,972
Investments, at cost
44,646
Accounts receivable
Other City funds
136,906
4,993
9,812
Other
184,324
71,640
10,094
Taxes receivable
Delinquent
30,345
26,503
938
Deferred
3,408,361
Special assessments receivable
Delinquent (principal and interest)
154,982
Deferred (principal only)
811,248
Inventories, at cost
101,856
Prepaid expenses
1,823
Unassessed costs
92,394
Deferred charges
274,800
Amounts to be provided by future revenues
689,435
88,717
72,137
Fixed assets (Municipal Liquor Operating
Fund only) at cost, less accumulated
depreication
206,255
Total assets
$7,155,480
LIABILITIES, RESERVES AND FUND BALANCE
Liabilities
Accounts payable
Other City funds
$ 136,906
$ 18,000
$ 4,993
Public Employees' Reitrement Association
62,358
Other
491,698
94,473
13,640
Deposits
14,826
Bonded indebtedness
Matured bonds and interest
278,478
12,972
Future maturities
Bonds
3,535,000
60,000
Interest
745,236
5,052
Reserves
1,624,347
98,143
2,449
Unencumbered appropriation balance
55,235
Retained earnings
351,268
Fund balance (deficit)
(139,872)
(157,285)
4,157)
Total liabilities, reserves and
fund balance
$7,1550480
$ 53
4
Note - General fixed assets owned by the City are not included
in the financial state-
ments since records thereof are not maintained,
General
Municipal
Debt
Liquor
Public
Service
Operating
utility Pension
'
Storm Sewer
Permanent
$ 419,737
Con-
Improvement
struction
Revolving
265,446
Fund
Fund
44,646
$ 55,041
$ 224,523
4,111
4,374
79,615
3,451
1,042
13,448
2,699
205
'
154,982
811,248
1
92,394
General
Municipal
Debt
Liquor
Public
Service
Operating
utility Pension
Fund
Fund
funds Fund
$ 419,737
$ 75,219
$ 97,954 $ 14,339
2,400
265,446
44,646
118,650
4,111
4,374
79,615
3,408,361
93,538 8,318
1,823
274,800
480,562 48,019
' 206,255
$1,300,251 $4,741,513 $383,609 $460,687
1
® $ 3,451 $ 9,812
$100,650
$ 62,358
$ 32,341 338,467
1 55,235
351,268
21,570
1
$1;300;251 $4 ,741,513 $383,609
9
96 12,681
14,826
$ 265,506
3,475,000
740,184
1,262,932 260,823
$100,650
$ 62,358
$ 32,341 338,467
1 55,235
351,268
21,570
1
$1;300;251 $4 ,741,513 $383,609
9
10
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
BALANCE SHEET - DECEMBER 31, 1967
ASSETS
Cash (deficit) $(138,982)
Petty cash and change funds 460
Accounts receivable
State Aid Maintenance Fund 1,498
State Aid Construction Fund 3,495
Other 71,640
Delinquent taxes receivable 26,503
Amount to be provided by future revenues for
General Debt Service Fund Loan - Purchase of fire truck 18,000
Payment of special assessments 701717
Total assets 53 "33
LIABILITY,+RESERV.E AND FUND BALANCE
Liability - Accounts payable
General Debt Service Fund - Storm Sewer Bonds of 1965 Account $ 18,000
Special assessments 70,717
Other 23,756
Reserve for unrealized revenue 98,143
Fund balance (deficit) (157,285)
Total liability, reserve and fund balance
CONSOLIDATION OF FUND BALANCE
DECEMBER 31, 1967
Administration Fund
Police and Court Fund
Fire Department Fund (deficit)
Street Department Fund (deficit)
Park Fund (deficit)
Library Fund (deficit)
Total General Fund (deficit)
$ 7,780
509
( 24,233)
( 86,997)
( 46,516)
7 828)
11
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget
(under)
Actual
estimates
estimates
General property and other taxes
$104,717
98,900
5 817
Licenses and permits
Business
Auctioneer
$ 15
$ 15
Amusement devices
400
$ 900
( 500)
Beer
1,164
1,200
( 36)
Bowling alley
85
85
Cigarette
1,265
1,200
65
General contractors
3,800
4,500
( 700)
Electrician
300
800
( 500)
Gas station
1,214
1,100
114
Heating
1,175
1,000
175
Ice station
5
10
( 5)
Plumbing
1,425
1,200
225
Restaurant
825
500
325
Retail sales
30
200
( 170)
Rubbish
75
50
25
Scavenger
10
50
( 40)
Solicitor
40
50
( 10)
Taxi
162
80
82
Theater
250
250
Used car lot
100
100
Vending machine
790
1,200
( 410)
Nonbusiness
Bicycle
703
350
353
Building
9,154
8,000
1,154
Dog
673
800
( 127)
Electric
3,897
3,000
897
Heating
4,124
3,000
1,124
Plumbing
3,999
3,000
999
Sewer
1,198
2,000
( 802)
Special use
540
200
340
Miscellaneous
110
100
10
Total licenses and permits
$ 37,528
34,925
$ 2,603
Rents
$ 600
600
Shared State taxes - Cigarette and liquor
14,319
$ 15,000
$ ( 681)
12
CITY OF COLUMBIA HEIGHTS MINNESOTA
ADMINISTRATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget (under)
Actual estimates estimates
Charges for current services
Filing fees
$ 35
$ 50
$( 15)
Rezoning petitions
245
100
145
Garbage collection
75,971
65,000
10,971
Garbage refunds
20
( 20)
Animal control
Pound fees
325
200
125
Board and pick up
137
200
( 63)
Parking meter collections
3,552
3,800
( 248)
Water inspections
510
1,000
( 490)
Sewer stub connections
56
20
36
Total charges for current services
80,831
$ 70,390
10,441
Other
Refunds and reimbursements
Coffee break supplies
$ 208
$ 250
$( 42)
Payment of claims
48
100
( 52)
Salary reimbursements from other City funds
8,.152
5,000
3,152
Other
933
1,900
967)
Total other
9,341
7,250
2,091
Transfers from other City funds
Band Fund $ 428 $ 428
Building Fund 5,608 5,608
Municipal Liquor Operating Fund 10,000 10,000
Total transfers $ 16,036 10,00 6,036
Total revenue $263,372 65 $ 26,307
13
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget
(under)
Actual
estimates
estimates
Regular salaries
$ 98,764
$100,000
$(
1,236)
Extra salaries
1,560
1,560
Dog catcher (contract)
3,300
3,600
(
300)
City Attorney (retainer fee)
7,200
7,200
Inspection fees
Electrical
2,859
4,000
(
1,141)
Health
75
1,000
(
925)
Plumbing
2,557
2,557
Election expenses
Salaries
2,230
2,500
(
270)
Supplies and expenses
892
1,000
(
108)
Garbage collection
Contractual
54,197
46,000
8,197
Administrative expenses
997
1,000
(
3)
Salaries
3,238
2,800
438
Parking meter expenses
Salaries
942
1,600
(
658)
Repairs
181
300
(
119)
Supplies and miscellaneous
72
105
(
33)
Parking lot expenses- Land lease
1,618
1,800
(
182)
Travel expense - Schools
978
800
178
Office supplies
2,512
2,200
312
Postage
512
500
12
Printing
2,272
2,000
272
Engineering supplies
628
1,000
(
372)
Equipment repair and maintenance
1,305
1,500
(
195)
Building expenses
1,813
li ;000
813
Building supplies and service
2,311
3,900
(
1,589)
Telephone
2,207
2,500
(
293)
Light and power
860
700
160
Fuel
609
400
209
Insurance
1,114
1,400
(
286)
Audit
1,970
1,600
370
Subscriptions, dues and memberships
2,474
2,000
474
Miscellaneous
414
300
114
Refunds
457
400
57
Car allowances
629
900
(
271)
Planning and zoning expense
350
350
14
CITY OF COLUMBTA HEIGHTS, MINNESOTA
ADMINISTRATION FUND
STATEMENT.OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget
(under)
Actual
estimates
estimates
Water cooler supplies
$ 573
$ 500
$ 73
Special assessments
2,869
3,200
( 331)
Public Employees' Retirement Association
4,102
7,000
( 2,898)
Capital outlay
Equipment
1,545
1,000
545_
Furniture or fixtures
20
1,500
( 1,480)
Other expense
88
860
( 772)
Transfer to General Debt Service Fund
13,062
15,000
( 1 ;938)
Property re- evaluation
16,043
122000
42043
Total expenditures
2 2
2 0
Revenue over (under) expenditures
$ 20,973
Fund balance (deficit) January 1, 1967
13 193),
Fund balance December 31, 1967
7 7
t
15
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget (under)
Actual estimates estimates
General property and other taxes levied for
Police Relief Association
$ 15,554
$ 15,627
$( 73)
Other
145,159
145,873
714)
Total general property taxes
$160,713
$161,500
$( 787)
Fines and forfeitures
47
Jury duty
Municipal Court
22,169
20,209
1,960
Parking meter fines
166
300
( 134)
Shared State taxes - Cigarette and liquor
9,546
10,000
( 454)
Rent - 558 40th Avenue
780
780
12
Paper service fees
286
258
28
Payment of claim
478
100
378
Refunds and reimbursements
414
1,500
( 1,500)
Miscellaneous
1,459
1,230
229
Transfer from Municipal Liquor Operating Fund
10,000
10,000
196
Total revenue
(
$205,877
280)
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Municipal Court
Regular salaries
$ 11,838
$ 12,000
$(
162)
Extra salaries
767
720
47
Jury duty
1,205
500
705
Office supplies
218
280
(
62)
Postage
95
100
(
5)
Water and sewer charges
12
10
2
Repairs and maintenance
18
80
(
62)
Building supplies and service
414
450
(
36)
Telephone
360
360
Light and power
196
200
(
4)
Fuel
88
120
(
32)
Insurance
50
20
30
Audit
400
400
Prisoner care
50
(
50)
Miscellaneous
37
50
(
13)
Public Employees' Retirement Association
contributions
340
340
Capital outlay - Furniture and fixtures
50
(
50)
Police department
Regular salaries
137,059
140,000
(
2,941)
Holiday pay
5,479
5,200
279
Extra salaries
1,089
1,000
89
Training school fees
156
500
(
344)
Travel, dues and subscriptions
396
200
196
16
CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE AND COURT FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1967
Police department (Continued)
Office supplies
Postage
Juvenile and investigator expense
Miscellaneous
Patrol car operation
Water and sewer charges
Station supplies
Equipment repairs and maintenance
Building repairs and expense
Building supplies and service
Uniform items
Telephone
Light and power
Fuel
Prisoner care
Drunkometer test
Rent
Jail maintenance
Patrol car repairs
Insurance
Radio service
Audit
Civil service fees and expenses
Miscellaneous
Police Relief Association (_general property
taxes collected)
Furniture and fixtures
Equipment
Total expenditures
Revenue over (under) expenditures
Fund balance (deficit) January 1, 1967
$ 1,843
1,334)
Fund balance December 31, 1967 S 509
5 8 23)
Actual
over
Budget
(under)
Actual
estimates
estimates
$ 317
$ 400
$ ( 83)
60
45
15
70
240
( 170)
100
( 100)
1,961
2,700
( 739)
41
50
( 9)
2,315
2,500
( 185)
198
300
( 102)
187
600
( 413)
1,423
1,400
23
958
950
8
1,613
1,600
13
494
600
( 106)
472
700
( 228)
55
200
( 145)
275
300
( 25)
1,800
1,600
200
5
200
( 195)
5,247
3,400
1,847
3,418
3,000
418
581
535
46
500
500
213
100
113
288
100
188
15,563
15,627
( 64)
271
500
( 229)
5,212
5,000
212
$ 1,843
1,334)
Fund balance December 31, 1967 S 509
5 8 23)
'
17
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'
FIRE DEPARTMENT
FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
'
YEAR ENDED DECEMBER
31, 1967
Actual
over
Budget
(under)
Actual
estimates
estimates
General property and other taxes levied for
Firemen's Relief Association
$ 15,667
$ 15,627
$ 40
Other
66,521
66,373
148
Shared State taxes
Cigarette and liquor
9,546
10,000
( 454)
Insurance premium
4,200
( 4,200)
Other
40
1,457
( 1,417)
Bond sale - Fire truck
18,000
18,000
Transfers from Municipal Liquor Operating Fund
28,000
28,000
Total revenue
5137.774
,$143,657
)
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
'
YEAR ENDED DECEMBER
31, 1967
Regular salaries
$ 71,836
$ 71,000
$ 836
Holiday pay
2,996
2,500
496
'
Extra salaries
3
100
( 97)
Fire calls
5,936
5,850
86
Travel and schools
407
450
( 43)
Membership dues
156
170
( 14)
'
Laundry
143
150
( 7)
Supplies
541
500
41
Equipment
29,266
30,000
( 734)
Hydrant rental
4,000
4,000
Telephone
1,613
1,700
( 87)
Light and power
859
850
9
Fuel
499
700
( 201)
Building repairs and maintenance
214
200
14
Equipment repairs and maintenance
774
900
( 126)
Radio service
256
350
( 94)
Insurance
2,982
3,500
( 518)
Audit
300
400
( 100)
Miscellaneous
156
100
56
Columbia Heights Firemen's Relief Association
(general property taxes collected)
15,667
19,827
( 4,160)
Public Employees' Retirement Association
143
150
( 7)
Other
107
260
153)
Total expenditures
X138.854
$143.65-Z
Revenue over (under expenditures)
$( 1,080)
Fund balance (deficit) January 1, 1967
23 153)
Fund balance (deficit) December 31, 1967
2 2 3)
18
CITY OF COLUMBIA HEIGHTS,. MINNESOTA
STREET DEPARTMENT FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Total expenditures
Revenue over (under) expenditures $ 34,776
Fund balance (deficit) January 1, 1967 (1212773)
Fund balance (deficit) December 31, 1967 86 )
Actual
over
Budget
(under)
Actual
estimates
estimates
General property and other taxes
$159,026
$158,340
$ 686
Shared State taxes - Cigarette and liquor
28,638
25,000
31638
Equipment rental
26,282
22,000
4,282
Salary reimbursements from other City funds
5,255
4,000
1,255
Charges for labor and materials
3,200
2,000
1,200.
Street repair deposits
816
1,000
( 184)
Miscellaneous and refunds
152
3,520
( 3068)
County street maintenance agreement
4,515
4,700
( 185)
Transfer from Municipal Liquor Operating Fund
252113
20,000
52113
Total revenue2
STATEMENT OF EXPENDITURES - ACTUAL COMPARED
WITH BUDGET
ESTIMATES
YEAR ENDED DECEMBER 31,
1967
Regular salaries
$ 95,078
$100,000
$( 4,922)
Extra salaries
12,514
8,000
4,514
Equipment operations
6,420
8,400
( 1,980)
General supplies
1,477
1,500
( 23)
Shop supplies and expense
1,359
1,500
( 141)
Street signs
1,343
1,000
343
Street supplies and materials
31,031
20,000
11,031
Equipment repair and maintenance
13,153
13,000
153
Shop equipment and repair
150
780
( 630)
Equipment
2,965
2,800
165
Traffic control - Street marking
778
1,100
( 322)
Telephone
358
310
48
Light and power
489
600
( 111)
Street lighting
23,457
22,500
957
Traffic signals
2,158
2,100
58
Fuel
479
650
( 171)
Insurance
12,905
8,500
4,405
Audit
400
500
( 100)
Miscellaneous
529
2,580
( 2,051)
Traffic light maintenance
890
500
390
Traffic signal installation
3,637
3,500
137
Tree removal
351
1,000
( 649)
Public Employees' Retirement Association
6,300
7,800
1,500)
Total expenditures
Revenue over (under) expenditures $ 34,776
Fund balance (deficit) January 1, 1967 (1212773)
Fund balance (deficit) December 31, 1967 86 )
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
General property and other taxes
Shared State taxes - Cigarette and liquor
Revenue from the use of money and property
Hall rent
Other rents
Canteen
Reimbursement from other governmental units
for beach construction
Refunds
Miscellaneous
Transfer from Municipal Liquor Operating Fund
Total revenue
19
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Regular salaries
$ 58,110
Actual
$(
390)
over
6,592
Budget
(under)
Actual
estimates
estimates
$131,334
$130,780
$ 554
4,773
5,000
( 227)
6,663
6,500
163
384
100
284
8,076
5,500
2,576
4,400
3,030
1,370
214
700
( 486)
973
1,800
( 827)
5,000
5,000
1 -Z
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Regular salaries
$ 58,110
$ 58,500
$(
390)
Extra salaries and overtime pay
6,592
8,000
(
1,408)
Police duty
330
160
170
Travel, dues and licenses
91
80
11
Office supplies
68
80
(
12)
Water and sewer charges
526
400
126
Canteen supplies
5,916
4,500
1,416
Laundry
38
75
(
37)
Building supplies
953
850
103
Building repairs and maintenance
1,407
2,580
(
1,173)
Miscellaneous building expenses
318
150
168
Telephone
323
350
(
27)
Light and power
1,237
1,200
37
Fuel
1,935
2,200
(
265)
Equipment repairs and maintenance
3,065
2,500
565
Insurance
2,601
2,500
101
Audit
300
300
Miscellaneous
215
500
(
285)
Wading pool supplies
805
1,000
(
195)
Skating rink expenses
Regular salaries
5,517
5,500
17
Maintenance
2,293
1,500
793
Refunds
155
50
105
Car allowance
179
250
(
71)
Weed control
Regular salaries
794
1,500
(
706)
Machinery and expenses
760
300
460
Landscaping and greenhouse
484
550
(
66)
9C
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARK FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget
(under)
Actual
estimates
estimates
Equipment rent
$ 1,200
$ 1,200
Ball Park lighting
247
$ 350
( 103)
Furniture and fixtures
505
200
305
Machinery equipment and tools
1,987
1,350
637
Building construction
965
2,300
( 1,335)
Park improvements
12,426
10,745
1,681
Land purchase
6,100
( 6,100)
Special assessments
20,390
20,400
( 10)
Miscellaneous
5
110
( 105)
Public Employees' Retirement Association
contributions
3,233
3,500
( 267)
Transfer to General Debt Service Fund
23,595
29,150
5,555)
Total expenditures
S 159,a 565
110-,Z80
1 1 )
Revenue over (under) expenditures
$ 2,252
Fund balance (deficit) January 1, 1967
48 768)
Fund balance (deficit) December 31, 1967
6 5 6)
21
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIBRARY FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Revenue over (under) expenditures $( 3,857)
Fund balance (deficit) January 1, 1967 3 971)
' Fund balance (deficit) December 31, 1967 �)
Actual
over
Budget
(under)
Actual
estimates
estimates
1
General property and other taxes
Shared State taxes - Cigarette and liquor
$ 31,271
4,831
$ 309690
5,000
$ 581
( 169)
Fines
1,346
1,100
246
Photo copies
251
225
26
1
Miscellaneous receipts
35
100
( 65)
Transfer from Municipal Liquor Operating Fund
15,000
152000
'
Total revenue
$ 619
STATEMENT OF EXPENDITURES — ACTUAL COMPARED WITH
BUDGET ESTIMATES
'
YEAR ENDED DECEMBER
31, 1967
Regular salaries
$ 10,513
$ 10,300
$ 213
Extra salaries
8,724
8,500
224
Water and sewer charges
84
100
( 16)
Books and magazines
8,312
10,000
( 1,688)
'
Supplies
1,786
1,700
86
Postage
39
50
( 11)
Building and equipment repair and maintenance
223
100
123
Building supplies and service
3,443
3,400
43
'
Telephone.
315
300
15
Light and power
2,589
2,000
589
Fuel
870
1,000
( 130)
Insurance
678
300
378
Audit
150
150
Travel and dues
18
75
( 57)
Miscellaneous
94
50
44
Public Employees' Retirement Association
contributions
900
1,000
( 100)
Furniture and fixtures
262
400
( 138)
Transfer to General Debt Service Fund
17,591
20,650
3 059)
Total expenditures
6 1
6 7
Cam_!.)
Revenue over (under) expenditures $( 3,857)
Fund balance (deficit) January 1, 1967 3 971)
' Fund balance (deficit) December 31, 1967 �)
22
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
BALANCE SHEETS - DECEMBER 31, 1967
ASSETS
Combined
Cash (deficit) $(11,279)
Petty cash and change funds 275
Cash with fiscal agents 12,972
Accounts receivable
Permanent Improvement Revolving Fund 9,812
Other 10,094
Delinquent taxes receivable 938
Amounts to be provided by future revenues for
Debt retirement 63,524
State aid construction 82613
Total assets 94.949
LIABILITIES, RESERVE AND FUND BALANCE
Liabilities
Accounts payable
General Fund
$ 4,993
Other
13,640
Bonded indebtedness
Matured bonds and interest
12,972
Future maturities
Bonds
60,000
Interest
5,052
Reserve - Unrealized revenue
2,449
Fund balance (deficit)
4,157)
Total liabilities, reserve and fund balance
State aid funds Mayor's
Main- Con- Debt Contingent
tenance struction service Fund
$(9,897) $(10,101) $ 1,528 $ 156
12,972
9,812
8,583
63,524
8,613
(9 897) 16.907 78.024 156
$ 1,498 $ 3,495
13,412
$12,972
60,000
5,052
(11,395) 156
(9 29 2) 7
23
1
Civil
Recreation
Defense
Fund
Fund
$ 4,144
$ 2,891
275
345
1,166
695
243
1
1
$ 190
$ 38
12040
1,409
4,229
2,853
1
1
State aid funds Mayor's
Main- Con- Debt Contingent
tenance struction service Fund
$(9,897) $(10,101) $ 1,528 $ 156
12,972
9,812
8,583
63,524
8,613
(9 897) 16.907 78.024 156
$ 1,498 $ 3,495
13,412
$12,972
60,000
5,052
(11,395) 156
(9 29 2) 7
23
24
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
General property and other taxes
Contribution from Independent School
District No, 13
Recreation fees, donations, dance receipts, etc.
Insurance premium refund
Total revenue
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Regular salaries
$ 8,823
Actual
Extra salaries
21,101
over
Police duty
Budget
(under)
Actual
estimates
estimates
$ 17,485
$ 17,500
$ ( 15)
17,500
17,500
75
6,304
3,600
2,704
117
280
163)
4
38,880
1,200
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Regular salaries
$ 8,823
$ 8,820
Extra salaries
21,101
21,000
Police duty
130
250
Travel
109
125
Office supplies
401
400
Magazine and books
40
75
Equipment room and communication center
397
600
Playground and preschool equipment and material
954
1,400
Athletic equipment, materials and trophies
1,495
1,200
Entry fees
48
80
Preschool program
139
400
Miscellaneous equipment
125
50
Telephone
300
300
Insurance
57
300
Audit
300
300
Miscellaneous expenses
413
250
Referee fees, pin setters
1,852
1,600
Transportation
1,328
400
Beach supervision
800
Public Employees' Retirement Association
contributions
530
530
Total expenditures
54
88
Revenue over (under) expenditures
$ 2,864
Fund balance January 1, 1967
1,365
Fund balance December 31, 1967
I
3
101
( 120)
( 16)
1
( 35)
( 203)
( 446)
295
( 32)
( 261)
75
( 243)
163
252
928
( 800)
25
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CIVIL DEFENSE FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1967
Actual
over
Budget
(under)
Actual
estimates
estimates
General property and other taxes
$ 3,470
$ 3,500
$( 30)
Federal aid
4,443
5,000
( 557)
Miscellaneous receipts
99
270
( 171)
Transfer from Municipal Liquor Operating Fund
32000
3,000)
Total revenue
12
11
$( 3,758)
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH
BUDGET ESTIMATES
YEAR ENDED DECEMBER
31, 1967
Regular salaries
$ 6,460
$ 6,700
$( 240)
Extra salaries
364
650
( 286)
Travel and dues
132
800
( 668)
Office supplies and postage
332
250
82
Equipment
1,594
1,000
594
Equipment maintenance
114
400
( 286)
Telephone
450
280
170
Light and power - sirens
52
50
2
Rent
600
600
Insurance
635
480
155
Miscellaneous expense
85
110
( 25)
Audit
100
100
Public Employees' Retirement Association
contributions
386
350
36
Transfer to Pension Fund
671
671
Total expenditures
11 9
11
$ 205
Revenue over (under) expenditures
$( 3,963)
Fund balance January 1, 1967
6,816
Fund balance December 31, 1967
2 8
26
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATE AID FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1967
Cash balance (deficit) January 1, 1967
Receipts
Shared State gasoline tax allotted for
Street maintenance
Street construction
Payment of bonds
Payment of interest on bonds
Transfer from State Aid Maintenance Fund
for payment of interest and service
charges
Total receipts
Disbursements
Regular salaries
Material
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, 1967
Con- Debt
Maintenance - struction Service
7,965) 5,513) 1,828
$ 12,381
$111,153
1,794
$12,000
1,665
14,175 $111,153 $13,665
$ 817
4,547
9,078
$ 6,101
247
108,535
31
827
1,665
$12,000
1,944
21
$ 162107 $115,741 $13,965
1 I-Q 1 ) S 1,528
27
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BAND FUND
STATEMENT OF CASH DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1967
Cash balance January 1, 1967 $ 428
Disbursement - Transfer to Administration Fund 428
Cash balance December 31, 1967 $
BUILDING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1967
Cash balance January 1, 1967 $ 444
Receipt - Sale of land 16,500
$ 16,944
Disbursements
Building repair and maintenance $ 473
Appraisal fees 250
Miscellaneous 165
Transfers to
Administration Fund 5,608
Park Construction Fund 10,448
Total disbursements 16,944
Cash balance December 31, 1967 $ -p-
FLOOD CONTROL FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1967
Cash balance January 1, 1967
1,765)
Receipts
General property taxes
$
13,453
Transfer from Storm Sewer Construction Fund
25,076
Total receipts
$
38,529
Disbursements
Materials
$
928
Repayment of Emergency Debt Certificate
31,000
Interest on Emergency Debt Certificate
4,836
Total disbursements
$
36,764
Cash balance December 31, 1967
28
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BOND FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1967
Cash balance January 1, 1967
Receipts
General property and other taxes
Cigarette and liquor tax
Emergency Debt Certificate maturity
Transfers from
Building Fund
Municipal Liquor Operating Fund
Sewer Utility Operating Fund
Interest on investments
Total receipts
Disbursements
Regular salaries
Professional services
Material
Equipment rent
Land purchase
Appraisal fee
Contract payments
Other improvement costs
Transfers for payment of bond
principal and interest to
Permanent Improvement Revolv-
ing Fund
Storm Sewer Bonds of 1964
Storm Sewer Bonds of 1965
Transfers to
Permanent Improvement Revolving
Fund - Advance for construction
costs
Fire Fund
Flood Fund
Water Improvement Fund
Miscellaneous
Total disbursements
Cash balance December 31, 1967
20,331
43,350
31,765
20,331
43,350
31,765
335,397
Library
Storm Sewer
Park
25,076
Construction
Construction
Construction
Combined
Fund
Fund
Fund
$439,435
$(12-,158)
$4722215
$(20,622)
$ 87,146
$ 9,380
$ 66,658
$ 11,108
4,715
4,715
313,000
31,000
10,448
10,448
6,887
6,887
40,000,
40,000
231898
23,898
$204,094
$ 20,982
$161,556
21,556
$ 438
$ 438
550
550
795
795
15
15
1,500
1,500
300
300
8,673
$ 8,673
1,085
151
$ 934
20,331
43,350
31,765
20,331
43,350
31,765
335,397
335,397
18,000
18,000
25,076
25,076
100,650
100,650
563
563
588 488
8,824 $578,730, 934
5 41
,$ _0- S 55x041 $ -07-
� I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET - DECEMBER 31, 1967
Cash
Accounts receivable
Storm Sewer Construction Fund
Accrued interest
Other
Delinquent taxes receivable
Special assessments receivable
Delinquent (principal and interest)
Deferred (principal only)
Unassessed costs
' Storm Sewer
Other
Total assets
ASSETS
LIABILITIES AND RESERVE
Liabilities
Accounts payable
State Aid Construction Fund
Other
Deposits
Reserve for payment of bonds and interest
Total liabilities and reserve
$ 224,523
3,451
4,166
9,282
205
154,982
811,248
25,345
67,049
$1,300.251
$ 9,812
12,681
14,826
1.262.932
$1.300,251
29
(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 $55,000 were
levied for collection in 1968.
(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.
31
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1967
Cash balance January 1, 1967
Receipts
General property and other taxes
Special assessments
Collected by City
Collected by County
Principal
Interest and penalties
Interest on investments
Special assessment searches and other receipts
City's share of improvements (reimbursement from
other City funds for unassessed costs of completed
or canceled projects)
Transfers from Storm Sewer Construction Fund
Payment of principal and interest on bonds
Reimbursement of construction costs
Total receipts
Disbursements
Contract payments
Equipment rental
Regular salaries
Materials
Extra construction costs
Insurance
Audit
Engineering salaries
Administrative expenses
Legal fees
Engineering expenses
Easements
Advertising
Miscellaneous
Purchase of delinquent utility accounts receivable
Transfer to General Debt Service Fund
Total disbursements
$408,130
75,006
2,770
$117,395
$ 3,930
485,906
24,462
3.33
7,184
20,331
335,397
$877,543
$316,072
23,066
25,364
17,651
1,348
167
600
11,180
13,058
12
1,466
558
208
6.5
317
359,283
$7709415
Cash balance December 31, 1967 22
32
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
BALANCE SHEET - DECEMBER 31, 1967
Permanent
Improvement
Revolving
Fund Bonds
Total Account
ASSETS
Cash
$ 419,737
$ 285,552
Cash with fiscal agents
265,446
175,080
Investments, at cost
City of Columbia Heights Bonds
44,646
44,646
Accounts receivable
General Fund
18,000
Water Utility Operating Fund
100,650
Accrued interest
4,111
4,111
Deferred taxes receivable*
3,408,361
1,292,815
Amount to be provided by future revenues
480,562
76,282
Total assets
$4741 513
$10878,486
LIABILITIES AND RESERVE
Bonded indebtedness
Matured bonds and interest
$ 265,506
$ 175,135
Future maturities
Bonds
3,4759000
1,550,000
Interest
740,184
153,351
Reserve for payment of bonds and interest
260,823
Total liabilities and reserve
$4,741,513
$1°878°486
* 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.
33
Municipal
Storm
Storm
Building
Park
Sewer
Sewer
Water
Library
Bonds
Bonds
Bonds
Bonds
System
Bonds
of 1959
of 1962
of 1964
of 1965
Bonds
of 1966
Account
Account
Account
Account
Account
Account
$ 13,274
$ 29,413
$ 44,948
$ 32,948
$ 10,892
$ 2,710
11,815
1,215
39,673
16,100
5,175
16,388
18,000
100,650
84,125
291,200
321,000
1,368,475
50,746
21,249
370,862
12,169
72
$10536,173
L
$ 11,815
$ 1,215
$ 39,673
$ 16,100
$ 5,180
$ 16,388
80,000
280,000
280,000
915,000
310,000
60,000
10,936
61,862
38,325
398,336
71,749
5,625
6,463
472623
2062737
$343,077
$1,536,173
34
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL DEBT SERVICE FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 319 1967
Disbursements
Bond maturities $415,000 $340,000
Interest on bonds 155,582 86,665 -
Fiscal agents' service charges 914 645
Total disbursements 571 496 ILIL,310
Cash balance December 31, 1967 9.x`7 285
Permanent
Improvement
Revolving
Fund Bonds
Combined
Account
Cash balance January 1, 1967
492 190
$353,579
Receipts
Transfers from
Administration Fund
$ 13,062
Park Fund
23,595
Library Fund
17,591
Storm Sewer Construction Fund
75,115.
Permanent Improvement Revolving Fund
359,283
$359,283
Water Operating Fund
10,397
Total receipts
$499,043
$359,283
Disbursements
Bond maturities $415,000 $340,000
Interest on bonds 155,582 86,665 -
Fiscal agents' service charges 914 645
Total disbursements 571 496 ILIL,310
Cash balance December 31, 1967 9.x`7 285
1
Municipal
Building
Bonds
of 1959
1 Account
$13,653
1
$13,062
'$13,062
' $10,000
3,420
21
1 2
1
1
$23,595
$23,595
$43,350
$43,350
$17,591
$31,765
$10,397
$31,765 $10,397 $17,591
$15,000
Storm
Storm
$15,000
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
$461010
$32,947
$12,749
3,265
$23,595
$23,595
$43,350
$43,350
$17,591
$31,765
$10,397
$31,765 $10,397 $17,591
$15,000
$35,000
$15,000
9,127
9,345
31,685
$12,218
3,122
42
67
79
36
24
$24,169
$44i412
$31,764
$12,254
$18,146
2 1
4 8
9 8
10 892
35
37
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
BALANCE SHEET m DECEMBER 31, 1967
ASSETS
CURRENT ASSETS
Cash
$ 75,219
Petty cash and change funds
2,400
Insurance premium refund receivable
4,374
Inventories, at cost
93,538
Prepaid insurance
12823
Total current assets
-177 354
FIXED ASSETS, at cost
Land and improvements
$ 34,915
Buildings and improvements
183,938
Furniture and equipment
732217
Total cost
$292,070
Less accumulated depreciation
85,815
Total fixed assets (net)
$206,255
Total assets $383,609
LIABILITY AND RETAINED EARNINGS
CURRENT LIABILITY
Accounts payable - Other 32,341
RETAINED EARNINGS
Invested in fixed assets (net fixed assets) $206£255
Net working capital (current assets less
current liabilities) 145,013
Total retained earnings $351,268
Total liability and retained earnings 8.3 609
38
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING INCOME FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1967
Total
all
stores
Sales $9499092
Cost of sales 636,187
Gross profit
$312,905
Percent of
sales
32,97%
Operating expenses
$190,103
Percent of
sales
20.03%
Operating profit
$1229802
Percent of
sales
12,94%
Other income
$ 4,751
Percent of
sales
.50%
Net income
$1279553
Percent of
sales
13.44%
ANALYSIS OF CHANGES IN RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1967
Retained earnings January 1, 1967 $323,715
Net income 127,553
Transfers to other City funds (1009000)
Retained earnings December 31, 1967 $351,268
Total
$7259973
556.568
$1699405
23.33%
$ 90,385
12.45%
$ 79,020
10.88%
t
r
t
Off sale stores
On sale
No. 1
No. 2
No. 3
store
$3039703
$195,882
$226,388
$223,119
234,827
150,125
171,616
792619
$ 68,876
$ 45,757
$ 54,772
$143,500
22.68%
23.35%
24.20%
64,31%
$ 36,282
$ 26,062
$ 28,041
$ 99,718
11.95%
13.30%
12.39%
44.69%
$ 32,594
$ 19;695
$ 26,731
$ 43,782
10.73%
10.05%
11.81%
19.62%
39
40
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING EXPENSES FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1967
Total Total
all Percent
stores of sales
Salaries and wages
$136,325
$ 61,788
8,51
Contributions to Public Employees'
Retirement Association
10,485
4,738
.65
Employees' welfare
3,226
998
.14,
Laundry
1,684
504
.07
Bar supplies
421
Store supplies
3,054
1,958
.27
Office supplies
242
223
.03
Store expense
8,239
3,845
.53
Telephone
717
685
.09
Utilities
7,121
4,798
.66
Insurance and bonds
5,815
4,255
.59
Depreciation
9,503
4,935
.68
Maintenance and repair
2,469
1,053
.15
Licenses and memberships
102
80
.01
Independent auditing
700
525
.07
Total operating expenses
5190,,103
$ 90.385
12.45
41
® Off sale stores
®
No..
1
No.
2
No.
3
On
sale
Percent
Percent
Percent
Percent
of sales
of sales
of sales
of sales
$ 24,156
7.94
$ 18,804
9.59
$ 18,828
8.31
$ 74,537
33.40
1,845
.61
1,453
.74
1,440
.64
5,747
2.58
'
502
.17
248
.13
248
.11
2,228
1.00
223
.07
119
.06
162
.07
1,180
.53
'
1,559
.51
138
.07
261
.12
421
1,096
.19
.49
79
.03
65
.03
79
.03
19
.01
1,625
.54
870
.44
1,350
.60
4,394
1.97
'
312
.10
232
.12
141
.06
32
.01
1,756
.58
1,038
.53
2,004
.89
2,323
1.04
1,792
.59
1,207
.62
1,256
.55
1,560
.70
1,695
.56
1,303
.67
1,937
.86
4,568
2.05
536
.18
382
.20
135
.06
1,416
063
27
.01
28
.01
25
.01
22
.01
'
175
.06
175
.09
175
.08
175
.08
11195
26 062
13.30
S 28.041
12.39
44,69
42
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC UTILITY FUNDS
BALANCE SHEETS - DECEMBER 31, 1967
DEFERRED LIABILITIES
City of Minneapolis, Minnesota $183,200
General Debt Service Fund - Storm
Sewer Bonds of 1965 Account 100,650
Total deferred liabilities $283,850
FUND BALANCE (deficit) 21,570
Total liabilities and fund balance J460,687
$183,200
100,650
$283,850
43,785 6,333 $(28,548)
5433,581 1-12,2-68 862)
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 oper-
ating expense.
Water
Sewer
Water
Utility
Utility
System
`
Operating
Operating
Improvement
Combined
Fund
Fund
Fund
ASSETS
CURRENT ASSETS
Cash
$ 97,954
$101,968
$ 1,848
$( 5,862)
Accounts receivable
Customers
76,193
47,017
29,176
Other
3,422
1,478
1,944
Inventory - Water meters
at cost
8,318
82318
Total current assets
$185,887
$158,781
$ 32,968
$( 5,862)
DEFERRED CHARGES
2742800
274,800
Total assets
60,687
$433,581
32096a
j(_5°_862)
LIABILITIES, AND FUND
BALANCE
CURRENT LIABILITIES
Accounts payable
City of Minneapolis,
Minnesota
$122,074
$ 99,865
$ 22,209
Other
4,237
2,113
2,124
Retained percentage on contracts 22,686
$ 22,686
Special assessments payable
6,270
3,968
22302
Total current liabilities
$155,267
$105,946
26,635
22,686
DEFERRED LIABILITIES
City of Minneapolis, Minnesota $183,200
General Debt Service Fund - Storm
Sewer Bonds of 1965 Account 100,650
Total deferred liabilities $283,850
FUND BALANCE (deficit) 21,570
Total liabilities and fund balance J460,687
$183,200
100,650
$283,850
43,785 6,333 $(28,548)
5433,581 1-12,2-68 862)
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 oper-
ating expense.
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY OPERATING FUND
' STATEMENT OF INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1967
r
' Note - Depreciation is not included as an operating expense. See note on
balance sheet,
43
Operating revenue
1
Water sales
$263,023
Hydrant rental
4,000
Meter sales
4,958
Service connections
933
Penalties
1,987
Miscellaneous
446
Total operating revenue
$275,347
Operating expenses (see footnote)
1
Water purchases
Salaries
$119,408
42,158
Office supplies and postage
1,192
Meters and repair parts
4,138
'
Plumbing supplies
668
Supplies
1,495
Equipment repair and maintenance
3,152
Telephone
630
Utilities
4,098
Rent
623
Main repair and maintenance
2,380
'
Hydrant repair and maintenance
2,106
Insurance
5,671
Audit
300
'
Public Employees' Retirement Association
25665
Miscellaneous
152
Total operating expenses
190,836
'
Operating income
$ 84,511
Other expense
Interest on special assessments
$ 280
Interest on revenue bonds
10,397
10,677
Net income
$ 73,834
Fund balance, January 1, 1967
163,325
Deduct
1
Capital outlay expenditures
City of Minneapolis contract payment
$ 91,600
Equipment
1,000
'
Furniture and fixtures
124
Loan payable to General Debt Service Fund
for Water System Improvements
100,650
193,374
'
Fund balance, December 31, 1967
43 8
' Note - Depreciation is not included as an operating expense. See note on
balance sheet,
43
44
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY OPERATING FUND
STATEMENT 0V INCOME AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1967
Operating revenue - Sewer rental $131,886
Operating expenses (see footnote)
Salaries
$35,711
City of Minneapolis
Sewage disposal and maintenance charges
42,449
Storm water disposal charges
777
Office supplies and postage
551
General supplies
6,118
Repairs and maintenance
5,177
Telephone
303
Utilities
868
Rent
525
Insurance
4,799
Audit
300
Public Employees' Retirement Association
2,665
Miscellaneous
63
Total operating expenses
100,306
Operating income
$ 31,580
Other income and (expense)
Other service charges 1,373
General property taxes 40
Interest on special assessments 173)
Net income $ 32,820
Fund balance, January 1, 1967 14,315
Deduct
Capital outlay expenditures ( 802)
Transfer to Storm Sewer Construction Fund 40,000
Fund balance, December 31, 1967 L—!_,33
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, 1967
Cash balance, January 1, 1967 $(382912)
1 Receipts
Transfer from Storm Sewer Construction Fund $100,650
Interest on investments 938
Total receipts $101,588
Disbursements
Salaries $ 7,669
Professional services 170
Materials 3,696
Equipment rent. 187
Miscellaneous 304
Contract payments 51,263
Reimbursement to Permanent Improvement Revolving Fund 5,249
' Total disbursements S 68,538
Cash balance, December 31, 1967 862)
' WATER SYSTEM IMPROVEMENT FUND
STATEMENT OF EXPENDITURES - COMPARED WITH APPROPRIATIONS
YEAR ENDED DECEMBER 31, 1967
Appropriations
Bond proceeds and loan $410,650
Interest earned on investments 10,057
Total .$420,707
t Less
Expenditures
Prior years $3813665
Current year 67,591
Total expenditures $449,256
1 Excess of expenditures over appropriations 28 4 )
PENSION FUND
' STATEMENT OF CASH RECEIPTS
YEAR ENDED DECEMBER 31, 1967
Receipts - Transfers from other City funds 14,339
' Cash balance December 31, 1967 1 339
45
46
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF CASH AND SECURITY FOR DEPOSITS - DECEMBER 31, 1967
Treasurer cash - Cash in banks
Columbia Heights State Bank, Columbia Heights,
Minnesota - Checking account
Third Northwestern National Bank, Minneapolis,
Minnesota - Checking account
Savings certificates
Total treasurer cash
Face amount of securities '
Cash pledged as collateral
$119,968 5 218,000
16,584
6002000 11.100.000
7 2
Additional coverage of $15,000 is provided at each depository bank by the Federal De-
posit Insurance Corporation.
SUMMARY STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS
YEAR ENDED DECEMBER 31, 1967
Cash balance Disburse- Cash balance
Fund January 1, 1967 Receipts ments December 31, 1967
Administration
$(
9,451)
$ 262,595
$ 238,400
$ 14,744
Police and Court
(
689)
205,597
203,541
1,367
Fire Department
(
22,236)
137,773
139,358
(23,821)
Street Department
(
115,607
248,781
217,344
(84,170)
Park
(
44,137)
161,898
159,422
(41,661)
Library
(
371)
52,735
57,805
( 5,441)
Total General Fund
Special revenue funds
Band
Building
Flood Control
Recreation
Civil Defense
State Aid
Maintenance
Construction
Debt Service
Mayor's Contingent
Bond funds
Permanent Improvement
Revolving
General debt service
Municipal Liquor Operating
Public Utility funds
Water Utility Operating
Sewer Utility Operating
Water System Improvement
Pension Fund
$ (138,982)
428
428
444
16,500
16,944
( 1,765)
38,529
36,764
1,521
41,406
38,783
4,144
6,816
8,012
11,937
2,891
( 7,965)
14,175
16,107
( 9,897)
( 5,513)
111,153
115,741
( 10,101)
1,828
13,665
13,965
1,528
156
156
439,435
204,094
588,488
55,041
117,395
877,543
770,415
224,523
492,190
499,043
571,496
419,737
60,672
964,871
950,324
75,219
134,705
269,875
302,612
101,968
20,363
128,280
146,795
1,848
( 38,912)
101,588
68,538
( 5,862)
14,339
14,339
$1.029.307
$4,372,452
$4,665,207
736,252
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BONDS PAYABLE - ALL FUNDS
DECEMBER 319 1967
MUNICIPAL STATE AID BONDS DEBT SERVICE
Municipal State Aid Street Bonds
$12,000 per year
$12,000 per year
$12,000 per year
Total
GENERAL DEBT SERVICE FUND
Permanent Improvement Revolving
Fund Bonds Account
Permanent Improvement Revolving
Fund Bonds
$50,000 per year
Permanent Improvement Revolving
Fund Bonds
$55,000 per year
Permanent Improvement Revolving
Fund Bonds
$60,000 per year
Permanent Improvement Revolving
Fund Bonds
October 1, 1968
$50,000 per year
$50,000 per year
Permanent Improvement Revolving
Fund Bonds
$40,000 per year
$40,000 per year
Issue Interest
Maturity
12/1/68 -72 $ 250,000
date rate
date
Principal
1/1/63 2.50%
1/1/69
$ 12,000
2.70
1/1/70 -71
249000
2.90
1/1/72 -73
24,000
$ 60,000
9/1/57
4.50
12/1/68 -72 $ 250,000
6/1/59
3.50
6/1/68 -69
$ 110,000
7/1/60
3.70
7/1/68 -71
$ 240,000
10/1/61
3.00
10/1/68
$ 50,000
3.20
10/1/69 -70
100,000
3040
10/1/71 -72
100,000
$ 250,000
1/1/63
2.80
1/1/69 -70
$ 80,000
3.00
1/1/71 -73
120,000
Permanent Improvement Revolving
Fund Bonds
$100,000 per year 4/1/66 3.70
Total Permanent Improvement Revolving Bonds Account
Municipal Building Bonds of 1959 Account
Municipal Building Bonds
$10,000 per year 6/1/59 3.50%
$10,000 per year 3.90
$10,000 per year 4.00
Total Municipal Building Bonds of 1959 Account
$ 2009000
1/1/69 -73 $ 500,000
$1,5509000
12/1/68 -69 $ 20,000
12/1/70 -72 30,000
12/1/73 -75 30,000
$ 80,000
47
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BONDS PAYABLE - ALL FUNDS (CONTINUED)
DECEMBER 31, 1967
GENERAL DEBT SERVICE FUND (CONTINUED)
Park Bonds of 1962 Account
Park Bonds
$15,000 per year
$20,000 per year
$20,000 per year
$25.,000 per year
$25,000 per year
$309000 per year
Total Park Bonds of 1962 Account
Issue Interest Maturity
date rate date Principal
2/1/62 2,70
2/1/68 $
15,000
2e70
2/1/69 -70
40,000
3.10
2/1/71/72
40,000
3.10
2/1/73 -74
50,000
3.40
2/1/75 -77
75,000
3.50
2/1/78 -79
60,000
k ��
Storm Sewer Bonds of 1964 Account
Storm Sewer Bonds
$35,000 per year 2.80 12/1/68 -69 $ 70,000
$35,000 per year 3.00 12/1/70 -72 105,000
$359000 per year 3.10 12/1/73 -75 105,000
Total Storm Sewer Bonds of 1964 Account $ 280,000
Storm Sewer
Bonds of 1965 Account
1/1/75
Storm Sewer Bonds
1,
$30,000
per year 10/1/65
3.10%
January
19 1974
3.20
January
1, 1975
3.20
January
1, 1976
3.40
$40,000
per year
3.40
January
1, 1979
3.40
January
1, 1980
3,50
January
1, 1981
3.50
January
1, 1982
3050
January
1, 1983
3e60
January
1, 1984
3.60
January
1, 1985
3e60
Total Storm Sewer Bonds of 1965 Account
General Obligation Water Revenue Bond Account
Water System
Bonds of October 1, 1965
1/1/75
January
1,
1971
10/1/65 3.10
$25,000
per
year
3.10
$25,000
per
year
3.20
$25,000
per
year
3.40
January
1,
1980
3.50
Water System Bonds of April 19 1966
$25,000 per year 4/1/66 3.70
1/1/71 -73 $ 90,000
1/1/74
30,000
1/1/75
35,000
1/1/76
359000
1/1/77 -78
80,000
1/1/79
45,000
1/1/80
45,000
1/1/81
85,000
1/1/82
95,000
1/1/83
105,000
1/1/84
130,000
1/1/85
140 000
$ 915.,000
1/1/71 $ 35,000
1/1/72 -73 50,000
1/1/74 -75 50,000
1/1/76 -79 100,000
1/1/80 25,000
$ 260,000
1/1/72 -73 50,000
Total General Obligation Water Revenue Bond Account $ 310,000
1
1
1
49
CITY OF COLUMBIA HEIGHTS, MINNESOTA
BONDS PAYABLE - ALL FUNDS (CONTINUED)
DECEMBER 313 1967
Issue Interest Maturity
date rate date Principal
GENERAL DEBT SERVICE FUND (CONTINUED)
Library Bonds of 1966 Account
Library Bonds
$15,000 per year 4/1/66 3.70 1/1/69 -72 $ 60,000
Total General Debt Service Fund bonds payable $3,475,000
Total bonds payable - All funds $3,535,000
Note - January 1, 1968 maturities are considered as matured December 31, 19670
DEBT SERVICE REQUIREMENTS (PRINCIPAL AND INTEREST) - ALL FUNDS
DECEMBER 31, 1967
Municipal
State Aid
Bonds Debt
General Debt
Year
Total
Service Fund
Service Fund
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
$4,280,236
6 0 2
$40 215, 18L
Note - January 1.
maturities are considered
matured December 31,
of the preceding year.
The above amounts
are payable in the year
shown.
50
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE COVERAGE
DECEMBER 31, 1967
Major insurance coverage at December 31, 1967 is summarized below:
Fire and extended coverage (90% Co- insurance)
Buildings
$724,900
Contents
108,100
Liquor stock
125,000
Scheduled equipment floater
71,500
Comprehensive liability
Larson
Bodily injury
500*
Automobiles
50/100,000
Except automobiles
50/300,000
Property damage
Automobiles
50,000
Except automobiles
50,000
Minnesota Statutory Liquor Law liability
500,000
Boiler and Machinery
50,000
Business interruption - City liquor stores
125,650
Money and securities - Broad form
Various
Workmen's compensation
Statutory
Comprehensive general liability for recreation
employees and volunteer workers - Property
damage and personal injury
1,000,000
EMPLOYEES` SURETY BONDS
DECEMBER 31, 1967
Alvin P.
Theis
City Treasurer
$25,000*
Pauline
M. Glatzmaier
Clerk of Municipal Court
1,000
John S.
Larson
Assessor
500*
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,
* Appointed to office January, 1968.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES
(Shown by year of collectibility)
Assessed valuations
Real estate
Personal property
Total
Tax levies
General Fund
Recreation Fund
Civil Defense Fund
Bonds
Storm Sewer Bonds
Storm Sewer Construction
Sewer and water
Pension Fund
Total
Mill rates
General Fund
Recreation Fund
Civil Defense Fund
Bonds
Storm sewer bonds
Storm sewer construction
Sewer and water
Pension Fund
Total
51
1965
1966
1967
1968
$8,687,633
$ 9,189,319
$ 9,331,589
$13,208,019
12041,908
1,091,958
12084,546
738,672VI
$9,729,541
$10,281,277
,$10,416,135
$13,946,691
5.14
7,78
5.41
3.83
$ 537,265
$ 579,865
$ 694,120
$ 718,674
76
16,347
17,500
20,450
10,021
3,393
3,500
1,461
2,043
1,953
x°98
50,010
79,988
56,300
55,945
10,000
10,663
7,395
1,953
4,000
25°124
$ 606,734 $ 683,499 $ 785,420 $ 832„317
55,22
56040
66,63
49020
1,59
1,68
1,40
1,03
033
,34
.10
.21
019
5.14
7,78
5.41
3.83
.96
073
76
019
038
1072
2 3
66°48
x°98
* Does not include personal property exempted under laws enacted in 1967 by the
Minnesota Legislature.