HomeMy WebLinkAbout1978 CAFRANNUAL FINANCIAL REPORT
OF THE
CITY OF
COLUMBIA HEIGHTS, MINNESOTA 55421
590 FORTIETH AVENUE N.E.
FOR THE YEAR ENDING
DECEMBER 31, 1978
FINANCE DEPARTMENT
JOHN E. SCHEDLER, FINANCE DIRECTOR
MEMBER OF MUNICIPAL FINANCE OFFICERS' ASSOCIATION
OF THE UNITED STATES AND CANADA
telephone: 788 -9221 (612)
CITY OF COLUMBIA HEIGHTS
ANNUAL FINANCIAL REPORT
YFAR ENDED DECE`BER 31, 1978
TABLE OF COTFI`ENTS
I. INTRODUCTORY SECTION
Table of Contents
Administrative Organization
Letter of Transmittal
Supplemental
Statements
Financial and
Statements Schedules
H. FINANCIAL SECTION
Auditors' Report
Notes to Financial Statements
Combined Statements - All Funds:
Combined Balance Sheet' - All Rands
A
Combined Statement of Cash Receipts and
Disbursements - All Rands
Statement of Cash and Security Deposits
Statement of Investments
Combined Schedule of Bonds Payable
General Rand:
Comparative Balance Sheet
B
Comparative Statement of Changes in
Rand Balance
B -1
Statement of Revenue -Estimated and Actual
B -2
Statement of Expenditures and Encumbrances
Compared with Authorizations
B -3
Special Revenue Funds:
Combined Balance Sheet
C
Analysis of Changes in Revenue,
Expenditures and Rand Balance -
Revenue Sharing Rand
C -1
Analysis of Changes in Fund Balance -
Anti - Recession Aid Ftasld
C -2
Analysis of Changes in Revenues,
Expenditures and Fund Balance -
Recreation and Community Services Fluid
C -3
Analysis of Changes in Revenue,
Expenditures and Rand Balance -
Civil Defense Rind
C -4
Analysis of Changes in Revenue,
Expenditures and Fund Balance -
Municipal State -Aid Street Rand
0-5
Analysis of Changes in Fund Balance -
C.E.T.A. Rand
C -6
A -1
A -2
A -3
A-4
Page
Number
T
1
10
12
14
16
20
21
22
24
29
31
32
33
34
35
36
Supplemental
Statements
Financial and Page
Statements Schedules :dumber
Capital Prolect Funds:
Combined Balance Sheet
D
37
Statement of Changes in Fund Balance
D -1
39
Statement of Cash Receipts and
Disbursements
D -2
41
Enterprise Funds:
Combined Balance Sheet
E
43
k1micipal Liquor Fund:
Comparative Balance Sheet
F
45
Comparative Statement of Changes in
Retained Earnings
F -1
46
Comparative Statement of Revenue and
Expense
F -2
47
Comparative Statement of Revenue -
Off Sale
F -3
49
Comparative Statement of Operating
Expenses -Combined On -Sale and Off -Sale
F-4
51
Comparative Statement of Changes in
Financial Position
F -5
53
Statement of Fixed Assets and
Depreciation
F -6
54
Water Utility Fund:
Comparative Balance Sheet
G
58
Comparative Statement of Changes in
Retained Earnings
G -1
59
Comparative Statement of Revenue and
Expense
G -2
60
Comparative Statement of Changes in
Financial Position
G -3
61
Statement of Changes in Assets Restricted
for General Bond Debt Service
G-4
62
Sewer Utility Fund:
Comparative Balance Sheet
H
63
Comparative Statement of Changes in
Retained Earnings
H -1
64
Comparative Statement of Revenue and
Expense
H -2
65
Comparative Statement of Changes in
Financial Position
H -3
66
Central Garage Fund:
Balance Sheet
I
67
Statement of Changes in Yimicipality'.s
Contribution
I -1
68
Statement of Changes in Retained Earnings
I -1
68
Statement of Operations
I -2
69
Comparative Statement of Changes in
Financial Position
I -2
69
Supplemental
Statements
Financial
and
Page
Statements
Schedules
Number
Trust and Agency Funds:
Combined Balance Sheet
J
70
Combined Statement of Cash Receipts
and Disbursements
J -1
71
Capital Project Funds - Special
Assessment Bonds:
Combined Balance Sheet
K
72
Statement of Changes in Fund Balance
K -1
73
Statement of Cash Receipts and
Disbursements
K -2
74
General Debt Service Funds:
Combined Balance Sheet
L
75
Statement of Changes in Fund Balance -
Unappropriated
L -1
77
Schedule of Funding Available and
Funds Required
L -2
79
General Long -Term Debt Group of Accounts:
Statement of General Long -Term Debt
M
81
III. STATISTICAL SECTION
Page
Table
Number
Assessed Value and Market Value of All Taxable Property
I
82
Tax Rates
II
84
City Tax Levy
III
85
Tax Levies and Tax Collections
IV
86
Special Assessment Collections
V
86
Revenues - Other than Property Taxes and
Special Assessments
VI
88
Expenditures for Selected Functions
VII
88
Summary of Debt Service Requirements to Maturity
VIII
89
Statement of Legal Debt Margin
LX
91
Schedule of Insurance in Force
X
92
Principal City Officials and Surety Bonds
XI
94
Miscellaneous Statistical Facts
XII
95
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
CITY COUNCIL
Bruce G. Nawrocki, Mayor
E. ''Sebe'' Heintz Councilmember
Kenneth E. Hentges Councilmember
Walter S. Logacz Councilmember
Gayle R. Norberg Councilmember
CITY MANAGER
Robert S. Bocwinski
FINANCE DEPARTMEMT
John E. Schedler
William Stawarski
[.CITY OF COLUMBIA NEIGNTS, MINNESOTA
Director
City Accountant
ANNUAL FINANCIAL REPORT
'
DEPARTMENTS
Regular
Volunteers
Reserves
Accounting
City Clerk
Elections
Utility Billing
Collections
Liquor
Bar
No. 2 Off Sale
No. 3 Off Sale
FINANCE
Inspections
Licenses & Permit.s
ADMINISTRATIV
Planning
SERVICES
Assessing
PUBLIC
Engineering
WORKS
Streets
Water Maintenance
Sewer Maintenance
Parks Admin. &
Maintenance
LIBRARY
Central Garage
Civil Defense
DIVISIONS
Regular
Reserves
FIRE
GENERAL
GOVERNMENT
BUILDINGS
LEGAL
CITY OF COLUMBIA, HEIGHTS, MINNESOTA
POLICE
CITY
MANAGER
ADMINISTRATIVE
ORGANIZATION
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
MAYOR
COUNCIL
MEMBERS
RECREATION &
COMMUNITY
SERVICES
COMMISSION
RECREATION &
COMMUNITY
SERVICES
ELECTORS
INDEPENDENT
SCHOOL DIS-
TRICT #13
COMMISSIONS AND BOARDS
Planning and Zoning
Recreation & Community
Services
Park
Traffic
HRA
Library
Human Services
Police & Fire Civil
Service
Charter
Downtown Development
ANNUAL FINANCIAL REPORT
OF CITY OF COLUMBIA HEIGHTS
Mr. Robert S. Bocwinski
City Manager
City of Columbia Heights
Dear Mr. Bockg;1..ski:
"SERVICE IS OUR
March 13, 1979
The annual financial report of the City of Columbia Heights, Minnesota
for the year ended December 31, 1978 1s submitted herewith.
ACCOUNTING SYSTEM AND REPORTS
ie :;ity maintains complete self - balancing account groups for each
entity of the City in accordance with the organizational chart of the City.
This results in a classification of transactions according to specific
functions, separate and distinct from those pertaining to unrelated activities.
A summary of significant accounting policies is contained in Note 1 of
the Notes to Financial Statements. These notes are contained in the Financial
Section immediately following this commentary.
Budgetary control is maintained by an encumbrance system whereby
purchase requests are pre- audited as to authorization and availability of
funds prior to their release to vendors. Also inherent in this controlling
function is the management philosophy that the existence of a.particular
item or appropriation in the approved budget does not automatically mean
that it will or must be spent. The budget process has flexibility in that,
where need has been adequately demonstrated, an adjustment can be made
within the department budget by the City Manager, or between departments
and funds by the City Council. Therefore, there is a constant reviewal
process and expenditures are not approved until it has been determined that
(1) adequate funds were appropriated, (2) the expenditure is still necessary
and (3) funds are available.
' Bruce G. Nawrocki, Mayor
E. "Sebe" Heintz, Councilmember Walter Logacz, Councilmember
' Gayle R. Norberg, Councilmember Kenneth E. Hentges, Councilmember
EQUAL OPPORTUNITY EMPLOYER
FINANCIAL STATEMENTS FOR INDIVIDUAL FUNDS
These are indexed in the preceding table of contents. In addition, the
header for each type of fund provides a description of the basis for establish
ment of the fund and another table of contents of the financial statements
pertaining to the individual fund. Each statement of the General Fund,
Special Revenue Funds (where applicable) Enterprise Funds and Intragovern-
mental Services Funds are presented with comparative information from 1977.
STATISTICAL SECTION
The statistical section presents comparative statistical data for past
years. It should be of interest to investors in city bonds and others
interested in financial statistics of municipal government.
The City Charter requires an annual audit. The 1978 audit will continue
shortly and will be conducted by the firm of Deloitte Haskins & Sells. This
report is that of the Finance Director, and when the auditor's opinion is
received, it will be incorporated in this report.
GENERAL GOVERNMENT FUNCTIONS
Highlights of the City's financial activities during 1978 include:
General Fund revenues exceeded expenditures and en::.:;brances by
$95,320.
Substantial completion of capital projects in 1978:
City Hall addition and remodeling $767,851
Central Avenue urbanization 147,615
Open Fillmore 47 -49th, curb, gutter, storm sewer 214,495
Columbia Court 92,279
Other Sewer & Water Projects 70,532
Sidewalk Repair 18,497
The payment of $520,642 in principal and interest of scheduled
bond maturities.
GENERAL FUND
On December 31, 1978 the fund balance of the General Fund totaled
$957,562. Although the unappropriated fund balance appears to be adequate,
it should be pointed out that this represents a working capital for general
operations that is used extensively during the first seven months until
current taxes and state aids are received. Even at this level of working
capital, the General Fund experiences cash flow problems in early summer
and late fall of each year.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
Estimated and actual revenues for the current year is presented in
Form B -2. Revenues received for general government operations totaled
$2,860,644 in 1978, an increase of $122,642 or 4.50 over the previous
year. The following table presents an analysis of the major revenue
sources of the General Fund for 1978 and its change from 1977.
From the above table, it is apparent that the major sources available
for funding the general operations is the property tax $32.9 %) and inter-
governmental revenue (48.7 %), primarily state aids. Both of these sources
are controlled in the amount that they can increase by what is known as
the Levy Limitation Law.
LEVY LIMITATION
The Levy Limitation Law was first implemented in 1972 and, in general,
has placed a limitation on the amount of increased revenue that can be
derived from the property tax and local government aid. This amount of
increase.is stated in terms of 6% per capita. Since enactment, various
amendments to the law have been enacted, but the basic principle remained
the same. The following table summarizes the City's status in complying
with the law for 1978 and 1977:
1978 1977
Levy
1978
Percent
Increase (Decrease)
Revenue Source
Amount
of Total
from 1977
General Property Taxes
$ 941,319.
32.90
$ 45,546
Licenses and Permits
76,870
2.7
5,642
Intergovernmental Revenue
1,392,296
48.7
147,906
Charges for Services
301,971
10.6
4,318
Fines and Forfeits
38,191
1.3
(12,215)
Miscellaneous Revenue
68,605
2.4
(33,950)
Expenditure Reimbursements
41,019
1.4
22,598
Transfers - In
373
-
(57,203)
Totals
$2,860,644
100.0%
$122,642
From the above table, it is apparent that the major sources available
for funding the general operations is the property tax $32.9 %) and inter-
governmental revenue (48.7 %), primarily state aids. Both of these sources
are controlled in the amount that they can increase by what is known as
the Levy Limitation Law.
LEVY LIMITATION
The Levy Limitation Law was first implemented in 1972 and, in general,
has placed a limitation on the amount of increased revenue that can be
derived from the property tax and local government aid. This amount of
increase.is stated in terms of 6% per capita. Since enactment, various
amendments to the law have been enacted, but the basic principle remained
the same. The following table summarizes the City's status in complying
with the law for 1978 and 1977:
1978 1977
Levy
Limit base
$2,042,551
$1,873,294
Less:
State aids applicable to levy limitations
( 985,716)
( 913,690)
Levy
limit before special levies
$1,056,835
$ 959,604
Plus:
Special levies allowed:
Debt service
260,500
223,000
Other
265,821
258,440
Total
allowable levy and amount certified
$1,583,156
$1,441,044
It has been the City's practice to levy at the levy limitation. The
above table shows that the City is at its levy limitation. In order to
fund the present level of service, including increased costs due to
inflation, the City needs to depend on increases from other revenue sources
in the future if there is not a modification of the Levy Limitation Law.
III
.CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT
FISCAL DISPARITIES
In 1971 the legislature enacted a Fiscal Disparity Law which was
not implemented until taxes payable in 1975 due to a constitutional
challenge. The law provides for the pooling of 40% of all new commercial/
industrial property valuation or growth in the seven county area to be
redistributed to the taxing jurisdictions according to specified criteria.
Although it is difficult to determine the future impact of the law
on the City, it appears that the City will gain in nominal amounts. The
impact on the taxable valuations of the City for taxes collectible in 1976
through 1978 was as follows:
City's taxable value:
Personal property
Real estate
Sub -total
1976
$ 1,230,101
62,748,967
3,979,0
1977
$ 1,220,899
67,746,917
$68,967,81
$ 1,213,302
68,981,490
.$70,194,692
Areawide allocation:
Contribution to "pool" $( 850,697) $( 850,697) $(1,491,381)
Distribution from "pool" 2,619,939 2,355,131 3,311,002
Net Increase $ 1,769,24-2 $ 1,504,434 $ 1, 19, 21
Combined Value $65,748,310 $70,472,250 $72,014,313
Actual taxes received from the fiscal disparities allocation amounted
to $52,756 in 1978, $51,268 in 1977 and $56,984 in 1976. This represents
a small amount of property tax relief to Columbia Heights taxpayers. It
should be remembered that, regardless of how much "new revenue" is received
from fiscal disparities, the revenue is part of the tax controlled by the
levy limit within which the City must still operate.
PROPERTY TAX AND SPECIAL ASSESSMENT COLLECTIONS
It is the City's policy to offset any property taxes not received
with an equal allowance for uncollectible amounts. Therefore, any delinquent
taxes, or unremitted current taxes are not recognized as revenue until
received in cash, and are used to finance the budget in the year in which
they are received.
SPECIAL REVENUE FUNDS
The Municipal State -Aid Street Fund was established to receive
gasoline tax apportionments from the state which are used to construct
state -aid streets. In 1978, apportionments and interest earnings of
$146,900 were received. The fund balance, now dedicated to construction
of state -aid streets, at December 31, 1978 i:: $213,036.
IV
ITY OF COLUMBIA NEIGNTS, MINNESOTA #NNUAL FINANCIAL REPORT
The Revenue Sharing Fund was established to account for the receipt
and expenditure of federal general revenue sharing funds. Revenue Sharing
was enacted in 1972, and covered the period from January 1, 1972 to
December 31, 1976. The 1976 federal amendments to the law authorized
additional appropriations to cover the period from January 1, 1977 to
September 30, 1980. The following table reflects the use of Revenue
Sharing through December 31, 1978:
Revenue Sharing
Revenue
Interest
Earnings Total
Capital
Projects Operations Total
Fund
Balance
Year End
1972 $120,859
$ -
$120,859 $ -
$ - $ -
$120,859
1973 140,575
9,202
149,777 110,239
14,606 124,845
145,791
1974 144,256
12,834
157,090 145,830
4,158 149,988
152,893
1975 154,036
11,530
165,566 187,572
30,488 218,060
100,399
1976 157,339
10,907
168,246 158,164
68,528 226,692
41,953
1977 159,482
6,257
165,739 108,928
25,478 134,406
73,286
1978 178,817
5,800
184,617 179,120
12,723 191,843
66,060
In 1979 it is estimated
that
the City will receive
$181,500 in revenue
sharing
payments and $6,000 interest
earnings.
The adopted
1979 budget includes $13,000
for general operations
and $142,575
for capital projects, leaving an estimated
fund balance of $97,985
as of December
31, 1979.
The Anti- Recession
Fund was
established in 1976
to account for the receipt
and disbursement of monies
received
due to enactment
of the Public Works
Employment act of 1976,
Title II.
The City received
payments of $17,730 in
1976, $20,989 in 1977,
and $8,580
in 1978. The monies were applied to salaries
for patrolmen in both years.
The
program lost its funding
in 1978.
The C.E.T.A. Funds recorded employment of people under three programs -
C.E.T.A., C.E.T.A. Title II and C.E.T.A. Special Projects. A total of
$261,474 was received to fund these activities in 1978.
In 1978 the Recreation Commission was expanded to include a Community
Services function. The revised Recreation and Community Services Commission
Fund is funded and directed in co- operation with Independent School District
No. 13 through a six member board. The activity of this fund covers year round
recreation programs in the schools, city parks and outside the community. In
1978 revenues of $145,052 exceeded expenditures by $10,085 thus increasing the
fund balance to $12,081.
ENTERPRISE FUNDS
Liquor Operation
Total sales were $1,064,893, an increase from
income was $53,806 an increase of $21,014 from 1977
recorded the largest gain over the previous year of
$276 and No. 3 increased $405 and No. 1, which was
a reduced loss by $5,682.
V
CITY OF COLUMBIA HEIGHTS, MINNESOTA
1977 of $29,965. Total net
The bar operation
$15,203 while No. 2 decreased
closed early in 1977 recorded
ANNUAL FINANCIAL REPORT
Water Utility
The Water Utility Fund had a net operating income of $44.084 in 1978 compared
to a net income of $35,309 in 1977. The December 1977 rate increase was
intended to recover some of the large profit decrease experienced in 1977
due to Minneapolis rate increases of 14.3% on January 1, 1977 and the anti-
cipated increase on January 1, 1978 of 12.5 %. In 1978 a volume decrease of
2,092,900 cu. ft. to an annual usage of 84,097,400 cu. ft. was experienced.
In addition, the fund transferred $31,800 to Debt Service Funds and
expended $1,779 for Capital Outlay.
Sewer Utility
Pursuant to state law the Metropolitan Waste Control Commission
(MWCC), as of January 1, 1971, assumed ownership of all existing interceptors
and treatment works needed to implement a comprehensive plan for the collection
treatment and disposal of sewage in the seven county metropolitan area.
Under terms of the law, the Commission is obligated to reimburse each local
government for the current value cost of facilities acquired. The purchase
price of the assets acquired by them was based on the depreciated replace-
ment cost of December 31, 1970. On that date, the purchase price was
determined to be $400,533. Payment of the purchase price is (scheduled
over a period of 30 years-with interest accruing at 4% per year) by means
of an offset against the annual sewer service billings from the Metro-
politan Waste Control Commission. Each year a credit is received on the
billing for this payment, totaling $22,272, of which $13,351 is principal
and $8,921 is interest. At year end 1978 $293,722 remains in principal
due on the assets acquired by the MWCC and is reflected on the balance
sheet, Form H, as a deferred asset.
In addition to the reimbursement for cost of facilities, the act
empowers the Commission to defer certain reserve capacity costs when they
are disproportionate to the economic resources of the local government
unit involved. These costs are then allocated to all participating comm-
unities upon the basis of population and assessed valuations. The pro-
visions of deferment, essentially are designed to provide temporary
economic relief to the governmental unit affected by the act, and are
repayable. In 1971 and 1972 the City was assessed $44,522. In 1973 it
was determined that these costs would be recovered, and the deferred
receivable was set up. Payments were received as follows:
These payments leave a principal of $35,183 which is also reflected
as a deferred asset on the balance sheet.
VI
ITT Of COLUMBIA NEIOHTS, MINNESOTA #NNUAL FINANCIAL KPORT
Principal
Interest
Total
1974
$ 761
$2,475
$ 3,236
1975
2,442
2,041
4,483
1976
3,222
1,464
4,686
1977
1,266
1,557
2,823
1978
1,648
1,298
2,946
$9,339
$8,835
$18,174
These payments leave a principal of $35,183 which is also reflected
as a deferred asset on the balance sheet.
VI
ITT Of COLUMBIA NEIOHTS, MINNESOTA #NNUAL FINANCIAL KPORT
The Sewer Utility Fund had a net income of $68,091 in 1978 compared to
a net income of $56,275 in 1977, before recognition of MWCC adjustments
for prior years. The 8.0% increase in MWCC disposal charges and city
operating costs was covered by an 8.6% increase in revenue which resulted
from a 11.1% rate increase on a reduced volume. In addition $69,084 was
appropriated for sewer projects, $1,655 was expended for capital outlay
and $30,000 was transferred to Debt Service Funds.
CAPITAL PROJECT FUNDS - SPECIAL ASSESSMENT BONDS
In 1978 five projects constructed at a cost of $236,644 were completed
and assessed. Additionally, the Fifth Street Storm Sewer project was completed
at a total cost of $536,583 and was funded by a $91,000 EDA Grant, a $271,210
appropriation from the Sewer Utility Fund, $30,000 of State -Aid, and
assessments of $144,373•
DEBT SERVICE FUNDS - GENERAL OBLIGATION BONDS
During 1978, scheduled bond maturities of $285,000 were paid along with
$74,302 in matured interest. There are $1,615,000 General Obligation bonds
outstanding as of December 31, 1.978.
Of the $346,100 deferred tax levies scheduled for collection in 1978,
$85,600 was cancelled. A tax levy of $260,500 was made and 98.2% of the levy
was collected in 1978.
CENTRAL GARAGE FUND
The Central Garage Fund was established in 1977 to record expenses of
the service shop and to allocate such cost to the using departments. It is
intended to maintain this fund on a self- sustaining basis. The two years
of operating resulted in a $191 profit.
TRUST AND AGENCY FUNDS
Investment Trust Fund
The Investment Trust Fund was created in 1974 to record all investment
transactions except direct investments of temporary bonds of the City pur-
chased by other funds. Interest earnings from these investments are allocated
to all funds of the City, except construction accounts and the trust and agency
funds, on the basis of the average cash balances during the year. Investment
principal at December 31, at book value, is also allocated to the individual
funds. The allocation of interest earnings to December 31, includes accrued
interest receivable, which results in a cash overdraft in the fund of a like
amount.
mi
CITY OF COLUMBIA NEIGNTS, MINNESOTA
ANNUAL FINANCIAL REPORT
Based on month end statistics, an average of 100% of total cash for
all funds was invested throughout the year, but interest rates were down
and the opportunity for gain by switching investment dried up. Interest
earnings for the past five years is as follows:
1974 $101,498
1975 $ 87,612
1976 $121,051
1977 $114,186
1978 $119,918
I I I
ITV OF COLUMBIA HEIGHTS, MINNESOTA #NNUAL FINANCIAL REPORT ,
would like to thank your office and the members of the City
Council for their interest and support in planning and conducting
the financial operations of the City. The preparation of this report
on a timely basis could not be accomplished without the efficient
and dedicated services of the entire staff of the Finance Department.
Special recognition should be given to William W. Starwarski, City
Accountant, who assisted in preparing this report; to Laurie, Debbie,
and Jackie for their precise typing of this document.
Respectfully submitted,
?John E
Finance Director
IX
[.CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
THE CITY OF COLUMPIA HEIGHTS, MINNESOTA
NNUA FINANCIAL EPORT
YEAR tNDED DECEMBER 31, 1978
F1.1"ANCIAL SECTION
TABLE OF CONTENTS
Auditor's Opinion
Notes to Financial Statements
Page
1
1 Deloifte
H
1360 Northwestern National Bank Building
55 East Fifth Street
Saint Paul, Minnesota 55101
(612) 291 -8110
Cable DEHANDS
1 AUDITORS' REPORT
Honorable Mayor and. Members of the City Council,
City of Columbia Heights, Minnesota.
We have examined. the financial statements of the various funds
and the general long -term debt account group of the City of
Columbia Heights for the year ended. December 31, 1978, Listed
in Section II of the foregoing table of contents. Our examina-
tion was made in accordance with generally accepted. auditing
standards and., accordingly, included such tests of the accounting
records and. such other auditing procedures as we considered,
necessary in the circumstances.
The City has not maintained. an accounting record. of its general
fixed. assets. Accordingly, a statement of general fixed. assets,
required. by generally accepted accounting principles, is not
included in the financial report.
1 Fixed, assets of the Water Utility Fund. and. the Sewer Utility Fund
have not been capitalized. and. depreciation has not been provided..
Accordingly, such amounts are not included. in the financial
statements of these funds. In addition, current acquisitions of
fixed. assets have been charged. to retained. earnings in the
statements of changes in retained earnings of these fund.s. The
amounts by which the financial statements of these funds would.
change, if all fixed assets were properly capitalized and,
depreciated, while material, cannot be determined. Because of
the material effect of the fixed asset accounting for these funds,
which is at variance with generally accepted. accounting principles,
in our opinion, the financial statements of the Water Utility Fund.
and the Sewer Utility Fund do not present fairly the financial
position of these funds at December 31, 1978, or the results of
their operations or changes in their financial position for the
year then ended in conformity with generally accepted. accounting
' principles.
In our opinion, the aforementioned financial statements, other
than the financial statements of the Water Utility Fund and
the Sewer Utility Fund, present fairly the financial position
of such funds and the general long -term debt account group of
the City of Columbia Heights at December 31, 1978, and the
results of operations of such funds and the changes in financial
position of the Municipal Liquor Fund and the Ceneral Garage
Fund for the year then ended, in conformity with generally
accepted accounting principles applied on a basis consistent
with that of the preceding year.
The accompanying supplemental statements and schedules listed
in Section II of the foregoing table of contents are not
necessary for a fair presentation of the financial statements,
but are presented as additional analytical data. Such
supplemental statements and schedules have been subjected to
the tests and other auditing procedures applied in the examina-
tion of the financial statements listed in the foregoing table
of contents and, in our opinion, are fairly stated in all
material respects in relation to the financial statements
taken as a whole.
Our examination did not include the statistical information
presented in Section III.
June 6, 1979
�
Deloifte
_ H
MANAGER City of,
Columbia HeighttZ
1360 Northwestern National Bank Building
55 East Fifth Street
Saint Paul, Minnesota 55101
(612) 291 -8110
Cable DEHANDS
Mr. Robert Bocwinsk:i August 27, 1979
City Manager
City of Columbia. Heights
590 -- 40th Avenue N.E.
Columbia Heights, Minnesota 55421
Dear Mr. Bocwinski:
Enclosed are twelve copies of our Commentary Letter
Report for the year ended December 31, 1978 for the
City of Columbia Heights.
Yours truly,
DELOITTE HASKINS & SELLS
. v
Michae�t.J . %1' fy�on
Partner
Enclosures
i Deloifte
■
HaskinsAells
Honorable Mayor and Members
of the City Council,
City of Columbia Heights, Minnesota:
1360 Northwestern National Bank Building
55 East Fifth Street
Saint Paul, Minnesota 55101
(612) 291 -8110
Cable DEHANDS
August 27, 1979
We have examined the financial statements of the City for
the year ended December 31, 1978, and have issued our report
thereon dated June 6, 1979. We have not performed any auditing
procedures beyond the date of our opinion and, accordingly, this
report is based on our knowledge as of that date and should be
read with that understanding. As a part of our examination,
we made a study and evaluation of the City's system of internal
accounting control to the extent we considered necessary to
evaluate the system as required by generally accepted auditing
standards. Under these standards, the purposes of such
evaluation are to establish a basis for reliance on the system
of internal accounting control in determining the nature,
timing, and extent of other auditing procedures that are
necessary for expressing an opinion on the financial statements
and to assist the auditor in planning and performing his
examination of the financial statements.
The objective of internal accounting control is to provide
reasonable, but not absolute, assurance as to the safeguarding
of assets against loss from unauthorized use or disposition,
and the reliability of financial records for preparing financial
statements and maintaining accountability for assets. The
concept of reasonable assurance recognizes that the cost of
a system of internal accounting control should not exceed the
benefits derived and also recognizes that the evaluation of
these factors necessarily requires estimates and judgments
by management.
There are inherent limitations that should be recognized in
considering the potential effectiveness of any system of
internal accounting control. In the performance of most
control procedures, errors can result from misunderstanding
of instructions, mistakes of judgment, carelessness, or other
personal factors. Control procedures whose effectiveness
depends upon segregation of duties can be circumvented by
collusion. Similarly, control procedures can be circumvented
intentionally by management either with respect to the execution
L
2
' and recording of transactions or with respect to the estimates
and judgments required in the preparation of financial statements.
Further, projection of any evaluation of internal accounting
control to future periods is subject to the risk that the
procedures may become inadequate because of changes in conditions
and that the degree of compliance with the procedures may
deteriorate.
Our examination of the financial statements made in accordance
with generally accepted auditing standards, including the study
and evaluation of the City's system of internal accounting
control for the year ended December 31, 1978, that was made
for the purposes set forth in the first paragraph of this report,
would not necessarily disclose all weaknesses in the system
t because it was based on selective tests of accounting records
and related data. However, such study and evaluation disclosed
the following condition which we believe is a material weakness.
The City has not maintained detailed accounting records of its
fixed assets. In order to provide adequate internal control
over fixed assets, we recommend that the City continue its
efforts to complete the accounting records for such assets.
' Because of the foregoing condition, a statement of general
fixed assets required by generally accepted accounting
principles was not included in the 1978 financial report.
' Also, because of the omission of fixed assets and related
depreciation expense in the financial statements of the Water
Utility and Sewer Utility Funds our report stated that such
financial statements did not present fairly the financial
position or results of operations of those finds.
t On the following pages, we present for your consideration
certain observations and recommendations on accounting and
finance matters which came to our attention during the course
of our examination.
If you wish to discuss further any of our comments and
suggestions, we will be pleased to do so at your convenience.
Yours truly,
zl",e �-Zgo��
91i���
3
' CITY OF COLUMBIA HEIGHTS
OBSERVATIONS AND RECOMMENDATIONS
CONCERNING ACCOUNTING AND FINANCE MATTERS
FOR `IrHE YEAR ENDED DECEMBER 31, 1978
CENTRAL GARAGE
Observation:
tOur examination of the operations of the Central Garage noted the
following items:
. Overhead expenses of the central garage such as linen,
janitorial services, telephone, insurance and utilities are
allocated based upon square footage used by various funds
1 and departments.
Work orders for services provided by the central garage are
not issued in numerical sequence, voided work orders are not
retained and work orders are not properly summarized to
support the journal entry recording monthly activity.
' Physical inventory adjustments for the central garage appeared
to be in excess of those reasonably expected. For example,
an adjustment for a shortage of $1,030 was required for
' solvents and antifreeze at December 31, 19781 compared to a
total inventory amount of $2,425; however, this difference
was not investigated as to its cause.
' Recommendations:
' We recommend the operations of the central garage be carefully
monitored through regular review of the results of operations of
this internal service fund. Such reviews would be facilitated
if the following steps were taken:
Rates should be set at levels which will recover all costs
of the garage, including inventory -type items used in garage
' operations, and overhead expenses.
Work orders should be numerically controlled, and properly
summarized regularly to support accounting entries in the
central garage fund.
Physical inventory adjustments should be promptly investigated
and resolved to the satisfaction of the finance department.
4
CENTRAL GARAGE (Continued)
Observation:
User departments were charged an additional x$3,500 in 1978 by the
Central Garage Fund in order to prevent a large operating loss in
that fund.
Recommendation:
Arbitrary charges made at year -end tend to distort the actual
experience of the Central Garage Fund. Usage rates should be
established, reviewed from time to time and adjusted as necessary,
rather than make arbitrary lump -sum charges to user departments.
FIXED ASSETS
Observation:
Except in the Municipal Liquor Fund, the City's fixed assets (land,
buildings, equipment, etc.) are not recorded in the accounts, nor
reported in the City's financial statements.
Background:
Generally accepted accounting principles require that fixed assets
of enterprise funds be recorded and depreciated over their useful
lives. In addition, all other fixed assets of a governmental unit
are to be recorded in a general fixed asset account group.
Recommendation:
We recommend that the City inventory all fixed assets to which the
City holds title and record those fixed assets in the proper funds
or general fixed asset account group. Procedures should also be
established to ensure the proper recording of additions and disposals
of fixed assets. We further recommend the adoption of a capital-
ization policy to establish the minimum dollar value of items to be
accounted for as fixed assets.
We understand that City officials are currently taking steps to
establish fixed asset records, and we encourage continued effort
in this area.
' 5
MUNICIPAL LIQUOR FUND
Observation:
The inventory turnover for 1978, calculated as cost of sales divided
by the average of the beginning and ending inventory balances, of th
municipal liquor fund was 6.9 times per year and appears to be
relatively low in comparison with that of other municipal liquor
operations.
In addition, several stock items appear to be very slow moving.
Recommendation:
The City should consider increasing inventory turnover by reducing
the amount of liquor in stock, and regularly review items stocked
with a view toward minimizing slow- moving items.
Observation:
The municipal liquor fund maintains x$10,000 in a change fund for i
daily operations and cashing of customers' checks. Our review of `
daily receipts indicates this amount may be excessive.
Though a small fee is charged for the privilege of cashing checks,
the loss from bad checks amounted to $1, 574, and exceeded the fees
collected during 1978 by $1,257.
Recommendation:
We suggest that the City evaluate the adequacy of the change fund
to determine the optimum amount to be maintained. In addition,
we recommend that the City re- evaluate its policy of cashing
customer checks.
R_EVE DE RECEIPTS
Observation:
Numerical sequence for the issuance of receipts is not maintained.
This negates the effectiveness of the control provided by the use
of prenumbered receipt forms.
Recommendation:
We recommend that strict adherence to numerical sequence in the
' recording of receipts be followed. This procedure provides
important control and assurance that all receipts have been properly
accounted for.
Observation:
During our examination of
activities, the following
Cash discounts (other
always taken.
E
PURCHASES
the City's purchasing and disbursement
items were noted:
"han for purchases of liquor) were not
Required purchase orders, authorization on payment vouchers,
and signatures and dates supporting the receipt of goods were
occasionally missing.
Informal bids, where required, were not attached to vouchers.
In certain instances, checks payable to vendors are returned
to department heads requesting the check.
Recommendation:
We recommend that the Council consider authorizing payment of
invoices providing for cash discounts prior to Council approval
if necessary to prevent loss of cash discounts.
We further recommend that prior to the preparation of checks, the
' disbursement clerk ascertain that proper authorization for payment
has been obtained from the applicable department head, that indication
of receipt of goods or services has been obtained and, where required
' by City policy, that informal bids or quotes have been obtained.
Also, good internal control procedures would dictate that signed
checks should not be handled by individuals who can initiate the
preparation of a check. Therefore, we recommend that, except in
unusual circumstances, checks should not be returned to department
heads for mailing.
PAYROLL
Observation:
Our examination of the City's payroll procedures disclosed the
following items:
Documentation supporting the hiring and rate of pay for part -
time or temporary employees was found to be missing in many
instances.
Supervisors' approval of employees time cards were not always
obtained.
' All payroll preparation duties are performed by one individual
who also handles signed payroll checks.
7
PAYROLL Continued)
Recommendation:
Adequate documentation supporting the employment of part -time
employees should at a minimum consist of an employment application,
W -4 "Employee's Withholding Allowance Certificate," and some type
of employment document, approved by the City official authorized to
hire, supporting the rate of pay. We have been informed that this
is now being done.
All hourly employees' time cards should be signed by the employees
' as attestation to the correctness of the hours worked, and approved
by their respective supervisors prior to payroll preparation.
lJ
Internal control over the payroll function would be improved if
payroll checks were returned to someone other than the payroll
clerk for distribution. Alternatively, other procedures, such
as periodic surprise check distributions, could be implemented.
INTERFUND TRANSACTIONS
Observation:
During our examination of interfund transactions, we noted that:
The City has no formal policy relating to interfund loans.
The Finance Director makes such loans at his discretion when
a given fund has a temporary cash shortage. These loans are
not approved by the City Council.
Several transfers were made between funds during 1978 which
lacked approval of the City Council.
Recommendation:
tWe recommend that all interfund transactions be reviewed and
authorized by the City Council. In addition, a policy could be
established authorizing the Finance Director to make temporary
interfund loans up to a specified maximum amount without Council
approval.
I'.
r
1
8
OTHER MATTERS
Observation:
The Finance Department was unable to locate several documents
relating to financial transactions when such documents were needed
for audit purposes.
Recommendation:
We recommend that the Finance Department maintain a readily
accessible file of all contracts, agreements and other documents
having financial significance.
Observation:
In 1978, the Metropolitan Waste Control Commission (MWCC) changed
its schedule of amortization of the City's Current Value Credit,
but this change was not made in the City's accounting for MWCC
' charges.
Recommendation:
We recommend that the City use the same amortization schedule as
' the MWCC so as to provide for consistent accounting treatment
between governmental units.
1 Observation:
Services provided by employees or equipment belonging to one fund
to another fund (sometimes the same fund, but a different department)
are recorded as expenditures of the "home" fund initially, then
billed to the receiving fund wherein the expenditure is recorded
again while the "home" fund records revenue from an expenditure
reimbursement. This procedure results in an overstatement of
revenue and expenditures.
' Recommendation:
A preferable accounting treatment of transactions involving loan of
' employees and equipment between departments or funds is to record
the reimbursement of the "home" fund as a negative expenditure. In
so doing, the original expenditure can be reported and compared to
' the budget if desired, but the department or fund can also receive
credit for the reimbursement received to offset part of its
expenditures. Further, revenue would not be recognized in such
' transactions.
i
n
FINANCIAL REPORTING FOR 1979
Background:
In 1978, the Minnesota Legislature enacted Laws 1978, Chapter 787
which requires cities such as Columbia Heights to follow generally
accepted accounting principles in their accounting and financial
reporting. Following enactment of this law, the State Auditor
issued his publication "Minimum Reporting Requirements - City
Financial Statements for Cities With 2,500 Population or More."
In 1979, the National Council on Governmental Accounting (NCGA)
1 issued its Statement Number One, "Governmental Accounting and
Financial Reporting Principles," which together with certain other
materials constitute generally accepted accounting principles.
The State Auditor's publication mentioned above is largely
consistent with NCGA Statement Number One.
Laws 1978, Chapter 787 also includes a requirement for financial
statements to be published in a local newspaper.
Recommendation:
We recommend that the City begin planning now to prepare its 1979
annual financial report in the format recommended by the NCGA.
Such a report will comply with State law.
0
0
0
61
NOTES TO FINANCIAL STATEMENTS
Note 1: SUMMARY OF SIGNIFICANT ACCOUNT POLICIES
Basic of Accounting. The modified accrual basis of accounting
is followed by all budgetary funds and trust and agency funds,
except the Investment Trust Fund. All other funds are on an
accrual basis of accounting, except that capital project funds
encumber uncompleted contracts.
Budgetary Accounting. Section 62 of the City Charter requires
an annual budget. Budget revisions are authorized by the City
Council in accordance with the city charter at the request of
the City Manager. The accompanying statements of revenue and
expenditures compared with budget estimates reflect these re-
visions, if any. All appropriations lapse at the end of the
budget year to the extent that they have not been expended or
lawfully encumbered.
Pooled Cash and Investments. The funds of the city are pooled
into official depositories not identified with any particular fund.
Idle funds not needed for current operations are invested from, and
accounted for, in the Investment Trust Fund through a cash over-
draft account. Investments are stated at amortized cost, which
approximates market.
The city distributes investment earnings according to the
policies established in 1974 when the Investment Trust Fund
was established. Interest earnings from these investments
are allocated to all funds of the city except Capital Project
funds and certain trust and agency funds on the basis of the
average cash balances during the year. Investment principal at
December 31, at amortized cost, is also allocated to the individual
funds. The allocation of interest earnings at December 31, in-
cludes accrued interest receivable, which results in a cash
overdraft in the fund of a like amount.
Receivables. Current taxes are accrued with an allowance for
uncollectible amounts equal to 2 %. At year end actual uncol-
lected current taxes are transferred to delinquent taxes and an
offsetting adjustment is made to the uncollectible amounts.
Delinquent taxes are recognized as revenue when received in cash.
All other receivables have historically never been in default,
and therefore, no allowance has been provided.
Sales and income are recognized at various times: Liquor sales
are recognized at the time of sale; Utility sales are recognized
when billed with an accrual at year end for unbilled services;
Miscellaneous accounts receivable are recognized when billed.
See also Note 7.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 1 ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Inventories. Inventories are stated at cost.
Fixed Assets. Fixed assets acquired through the Liquor fund are
capatalized at historical cost and depreciated using the straight -
line method over their estimated useful life.
General fixed assets and fixed assets of the Water and Sewer utility
funds have not been recorded.
Taxes. The county remits tax collections in a manner that identifies
each fund which levied the taxes except the debt service levy. A
prorated basis determined by the ratio of each debt service levy to the
total debt service levy is used to allocate the current and the
delinquent taxes received. The total levy less the debt service levy
is the basis for prorating the receipt of the Homestead Credit from
the State of Minnesota.
Note 2: The city has a liability as of December 31, 1978 for earned but unused
vacation leave of approximately $89,0.27 (12,833 hours) which is
payable when used or when termination occurs. In addition, there
is a contingent liability for unused sick leave earned, approximately
$357,213 (50,627 hours) which would be payable in the event sickness
occurred or upon termination, 1/3 of earned sick leave (maximum
40 days) would be paid. Certain job classifications would be entitled
the 1/3 payment of earned sick leave only if termination was for
the reasons of retirement or death. Additionally, after an employee
has accumulated the maximum of 120 days, 1/2 of the excess sick leave
shall be granted as additional vacation leave at the end of each year.
These liabilities are stated at the 1979 rate of pay and are not
recorded as liabilities in the individual fund balance sheets.
Note 3: The Columbia Heights Police Relief Association provides a pension
plan for all sworn police officers hired prior to June 15, 1972.
The Columbia Heights Fire Department Relief Association provides a
pens ion plan fo r a l l regu l a r f i_r_e f-i_g.h- te- r_s— h_i_r-ed p -r -i -c r to— December -
31, 1974 and all volunteer firefighters. All public safety employees
hired after aforementioned dates, under Minn. Stat. Chapter 374, are
covered by Public Employees, Police and Fire Fund (a special fund of
the Public Employees Retirement Association (PERA).
Prior to the 1969 Relief Association
city contributions were made without
resulting in a substantial defi:iency
reserves on an acturial basis. This
reflected in the General Fund balance
CITY OF COLUMBIA HEIGHTS, MINNESOTA
2
Guidelines Act (State Law) the
regard to acturial requirements,
in the accumulation of
deferred obligation is not
sheet.
MNUAL FINANCIAL REPORT
0
D
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
The following schedule of accrued liabilities was obtained from
the latest acturial surveys dated December 31, 1976:
Unfunded
Funded Accrued Accrued
Reserves Liability Liability
Police Relief Association $552,579 $1,126,076 $1,678,655
Fire Department Relief
Association $613,100 $ 369,332 $ 982,422
The city's contribution to the Police Relief Association was $78,500
for the year ending December 31, 1978, while the city's contribution
to the Fire Department Relief Association was $47,000 for the same
period.
The city participates in a contributory pension plan under the
Public Employees Retirement Association (PERA), Minn. Stat. Chapter
353, which covers substantially all employees except those qualifying
as temporary or seasonal employees or those public safety police and
fire personnel covered by the relief associations. The city's
contribution is a percent of salary which is determined by the
particular plan to which each individual belongs. The city's contribu-
tion for the coordinated plan (PERA and Social Security) to PERA is
equal to 5.5% of the total salary of each individual (Employee share
4 %). For the basic plan, the city's contribution is equal to 10.5%
of each individual's salary (Employee share 8 %). For the police and
fire fund, the city's contribution is 12% of each individual's salary
(Employee share 8 %). The pension cost including amortization of
estimated prior service cost was $119,835 for the period ended
December 31, 1978. It is state law that the city fund this pension
cost as it accrues. Prior service cost is being amortized over a
period of 40 years and is being funded as a percent of gross wages
by all employers participating'in the state association. The amount
of unfunded prior service cost attributable to individual reporting
entities is not determinable.
The city's contribution to the Federal Insurance Corporation of
America (Social Security) for those individuals belonging to the
coordinated plan is equal to 6.05% of the first $17,700 in 1978.
The contribution to Social Security was $51,431 for the year ended
December 31, 1978. In 1979, the Social Security contribution will
be based on a 6.13% rate with the maximum contribution based on the
first $22,900.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 3
ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Note 4: All ad valorem levies for
ing Fund Bonds issues have
cash has been transferred
all special assessments.
both Permanent Improvement Revoly-
been cancelled to date, and sufficient
from the P.I.R. Fund which collects
The resolution authorizing sale of the Water Bonds makes the
following provision: "That the City will impose and collect
charges for the service, use and availability of its municipal
water system at the times and in the amounts required to produce,
as a primary source of payment, net revenues at least 5% in excess
of all principal and interest when due on bonds of this issue;
that in and by said resouution the City has covenanted and agreed
to levy a direct, annual, irrepealable, ad valorem tax upon all of
the taxable property in said City, if necessary for the payment
of such principal and interest; and that this bond together with
all other indebtedness of the City outstanding on the date hereof,
and on the date of its actual issuance and delivery, does not
exceed any constitutional, statutory or charter limitation of
indebtedness.
No ad valorem levies have been made for the State -Aid Street
bonds, however the City Council has irrevocably pledged and
appropriated to the sinking fund from which bonds of this issue
are payable ar amount of the moneys allotted and to be allotted
to the City from its account in the Municipal State -Aid Street
Fund of the State of Minnesota sufficient to pay the principal
of and interest on all bonds of this issue when due; and that
if any year the moneys so allotted and transferred to the sinking
fund should be insufficient to pay all such principal and interest
due in the following year the City is obligated to levy a direct,
irrepealable, ad valorem tax upon all taxable property within
its corporate limits.
Approximately 25% of the ad valorem levies for the remaining
four General obligation issues were cancelled in 1978 because
of cash transfers from utility funds, and the City of Hilltop,
interest earnings and /or sufficient sinking fund balances.
CITY OF COLUMBIA YEIGNTS 9 MINNESOTA 4 ANNUAL FINANCIAL REPORT '
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Note 5: The statement of Operating Expenses of the Sewer Utility Fund
reflects the sewage disposal charges as billed by the Metro-
politan Waste Control Commission (MWCC) with an adjustment for
actual flowages and operating costs that are determined in the
subsequent year, and added to or deducted from the MWCC bill
two years after the end of the fiscal year. The 1977 adjust-
ment on the 1979 billing will be a $38,445 deduction and the
1978 adjustment on the 1980 billing will be a $17,544 deduction.
The balance sheet of the Sewer Utility Fund reflects these
adjustments for 1977 and 1978 as deferred liabilities /assets:
due to /from the MWCC- operating cost adjustment. On a full
accrual basis, the total treatment charges to the MWCC were
$298,490 for 1978 and $262,264 for 1977.
Note 6: The City had the usual and customary types of miscellaneous
claims pending at year -end, mostly of a minor nature and usually
all covered by insurance carried for that purpose.
Note 7: The Municipal Liquor Fund received a $7,859 settlement from a
class action liquor anti -trust case which was settled in late
1974. The city's portion is to be received in five equal pay-
ments over the years 1975 through 1979 and are to be paid on or
before December 31 of each year. The balance sheet, Form F,
reflects the last payments due in 1979 totaling $1,572.
D
tCITY OF COLUMBIA HEIGHTS, MINNESOTA 5
ANNUAL FINANCIAL REPORT
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
COMERED STATE 61E.1TS • ALL FUNDS
The Combined Balance Sheet - All Funds, Form A, is presented
to give an overview of the city's major aspects of financial
condition and operations. It is emphasized that the figures
contained in this statement are a combination of unlike pur-
pose groups (funds) and should not be construed as indicative
of the over -all financial position of the city. The financial
condition and results of operation of each fund should be de-
termined by reference to the financial statements for individual
funds.
TABLE OF CONTENTS
Page
Combined Balance Sheet - All Funds
Form
A
6
Combined Statement of Cash Receipts and
Disbursements - -All Funds
Form
A -1
10
Statement of Cash and Security for Deposit
Form
A -2
12
Statement of Investments
Form
A -3
14
Combined Schedule of Bonds Payable
Form
A -4
16
See also the notes to Financial Statements and Financial State-
ments for Individual Funds.
COMBINED BALANCE SHEET - ALL FUNDS
December 31, 1978
ASSETS AND OTHER DEBITS
Cash:
Treasurer's Balance (deficit) -- Form A -1
Imprest cash and change funds
Deposited with fiscal agents
Investments (at cost) -- Forms A -1 and 3
Performance bond deposit
Special assessments receivable
Accounts receivable
Unbilled accounts receivable
Accrued interest receivable
Due from other funds
Due from other governmental agencies
Inventories
Restricted assets:
Cash - Treasurer's balance -- Form A -1
Deposited with fiscal agents
Deferred Assets:
Accounts receivable
Contracts receivable
Special assessments receivable
Taxes receivable
Land
Buildings (net)
Improvements other than buildings (net)
Fixtures
Equipment:
Store (net)
Office (net)
Amount available in debt service funds
Amount to be provided by future tax levies
Total Assets and Other Debits
CITY OF COLUMIBIA NE86NTS, MINNESOTA 6
General
Fund
Special
Revenue
Funds
Capital
Project
Funds
$ 81,703 $ 2,988 $ 75,183
1,075 50
853,040 99,000 635,000
64,631 8 985
277,830
$1,000,449 $ 379,876 $ 711,168
(Form B) (Form C) (Form D)
#NNUAL FINANCIAL REPORT
Enterprise
Funds
$ 25,954
10,100
272,450
8,773
2,910
229,220
38,445
103,258
(364)
25,862
35,183
293,722
16,735
101,568
20,339
7,692
10,059
642
Central
Garage
Fund
$ 2,979
m
29,440
Trust and
Agency
Funds
$ (18,775)
26,000
50,000
500
20,991
$1,202,548 $ 32,527 $ 78,716
Form E Form I Form J
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 7
Fo rm A
Capital
Project
General
Funds
General
Long -Term
Special
Debt
Debt
Assessment
Service
Account
Bonds
Funds
Group
$ (60) $ 21,480
54,158 113,367
217,000
66,142
13,774
206,050
6,540
436,962
176,800
451,070
1,163,930
$ 747,776 $ 564,437 $1,615,000
Form K Form L (Form M)
ANNUAL FINANCIAL REPORT
COMBINED BALANCE SHEET - ALL FUNDS (CONTINUED)
December 31, 1978
LIABILITIES AND OTHER CREDITS
Accounts payable
Accrued salaries payable
Matured bonds and interest payable
Contracts payable
Due to other funds
Due to other governmental agencies
Revenues collected in advance
Bonds'payable -- Form A -4
Deposits
Deferred Credit
Total Liabilities and Other Credits
RESERVE AND FUND BALANCES/
Reserves:
Encumbrances
Contributions:
Municipality
Fund Balance:
Unappropriated
Future interest on bonds
Retained earnings
Total Liabilities, Reserves and
Fund Balances /Retained Earnings
L.CITY OF COLUMBIA NEI6NTS, MINNESOTA
Special Capital
General Revenue Project
Fund Funds Funds
$ 12,616 $ 324 $ 1,275
13,278 2,112
1,592 54,182 105,415
6,700
5,878 3,013
5,247
$ 38,611 $ 66,331 $ 106,690
4,276 $ 4,603'
957,562 308,937 604,478
$1,000,449 $ 379,876 $ 711,168
(Form B) (Form C) (Form D)
8 ANNUAL FINANCIAL REPORT
Form A
30,000
273,506 451,070
15,360
691,196 191
$1,202,548 $ 32,527 $ 78,716 $ 747,776 $ 564,437 $1,615_,000
(Form E) (Form 1) (Form J) (Form K) (Form L) (Form M)
CITY OF COLUMBIA HEIGHTS, MINNESOTA 9 ANNUAL FINANCIAL REPORT
Capital
Project
General
Funds
General
Long -Term
Central
Trust and
Special
debt
Debt
Enterprise
Garage
Agency
Assessment
Service
Account
Funds
Fund
Funds
Bonds
Funds
_ Group
$ 66,971
$ 724
$ -
$ 847
$
$
6,938
1,222
25,862
54,158
113,367
60,594
89,550
109,800
3,309
390
27,216
25,000
225,000
1,615,000
51,500
8,511
293,722
$ 511,352
$ 2,336
$ 78,716
$ 458,910
$ 113,367
$1,615,000
30,000
273,506 451,070
15,360
691,196 191
$1,202,548 $ 32,527 $ 78,716 $ 747,776 $ 564,437 $1,615_,000
(Form E) (Form 1) (Form J) (Form K) (Form L) (Form M)
CITY OF COLUMBIA HEIGHTS, MINNESOTA 9 ANNUAL FINANCIAL REPORT
COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS- -ALL FUNDS
For the Year Ended December 31, 1978
General Fund
Special revenue funds:
Municipal State -Aid Street
Recreation & Community Services
Civil Defense
Revenue Sharing
Anti - Recession Aid
C.E.T.A.
Capital project funds
Enterprise funds:
Municipal Liquor
Water Utility:
Operating
Water debt service
Sewer Utility
Permanent improvement Revolving:
Financing
Debt Service
Central Garage
Trust and agency funds
General debt service funds
Grand Totals
_ Balance, January 1, 1978
Treasurer's
Cash Investments Total
$ 2,854 $ 822,276 $ 825,130
339
29,000
29,339
2,001
2,001
353
28,000
28,353
701
38,000
38,701
(24,748)
(24,748)
1,851
368,000
369,851
10,659
102,000
112,659
396
78,000
78,396
96
9,000
9,096
587
18,450
19,037
(137,183)
(137,183)
135,702
9,000
144,702
59
59
(14,825)
(14,825)
2,114
306,000
308,114
$ (19,044)
$1,807,726
$1,788,682
Form A -3)
CITY OF COLUMBIA HEIGHTS, MINNESOTA 10 RMNUAL FINANCIAL REPORT
Form A -1
Total
Balance
December
31, 1978
Transfers Available
Disburse-
Transfers
Treasurer's
Receipts
In Cash
ments
Out
Total
Cash
Investments
$2,920,065
$ 3,149 $3,748,344
$2,580,605
$231,921
$ 935,818
$ 82,778
$ 853,040
104,982
134,321
7,887
126,393
41
41
77,202
67,850 147,053
133,922
13,131
1,131
12,000
15,824
44,177
25,483
18,694
2,694
16,000
183,758
222,459
123,206
20,790
78,463
7,463
71,000
8,580
8,580
8,580
301,270
276,522
284,813
(8,291)
(8,291)
1,051,669
245,026 1,666,546
953,214
3,149
710,183
75,183
635,000
1,136,367
1,249,026
1,053,618
195,408
25,408
170,000
554,445
632,841
492,535
34,975
105,331
10,331
95,000
500
16,800 26,396
26,760
(364)
(364)
543,405
562,442
452,353
102,324
7,765
315
7,450
561,622
133,727 558,166
568,155
112,000
(121,989)
(121,989)
112,000 256,702
134,773
121,929
121,929
162,870
8,000 170,929
167,950
2,979
2,979
263,707
240,882
241,657
7,225
(18,775)
26,000
390,107
45,000 743,221
504,741
238,480
21,480
217,000
$8,276,373
$631,552 $10,696,607
$7,760,252
$631,552
$2,304,803
$202,313
$2,102,490
Balances Classified
by Depository:
Imprest Cash
and Change
Funds
$ 11,225
Marquette State Bank of
Columbia Heights
112,990
Twin City Federal
24,000
Home Federal
Savings
54,098
Total
$ 202,313
CITY OF COLUMBIA HEIGHTS, MINNESOTA
11
ANNUAL FINANCIAL REPORT
STATEMENT OF CASH AND SECURITY FOR DEPOSIT
December 31, 1978
MAROUETTE NORTHEAST STATE
STATE BANK OF BANK - COLUMBIA
COLUMBIA HEIGHTS HEIGHTS OFFICE
SECURITY FOR DEPOSIT
THIRD
NORTHWESTERN
NATIONAL BANK
U.S. Treasury Notes
$
200,000
$ 500,000
Federal Home Loan Bank
68,000
County Bonds
35,000
Municipal Bonds
250,000
Total
$
553,000
$ 500,000
90% of security applicable to
pledge requirement
497,700
450,000 $ —
F.D.I.C. and S.L.I.C.
40,000
100,000 100,000
Total Security
$ 537.700
$ 550,000 $ 100,000
BANK BALANCE
General account
$
345,732
Payroll account
63,435
Daily Interest saving accounts
Total Cash Applicable to Security
$
409,167
Bank balances -
General and payroll accounts
$
409,167
Add:
Deposits in transit - General
49,705
Correct errors
4
Payroll withhold taxes in escrow
27,211
Deduct:
Outstanding checks
General $ 282,211
Payroll 90,649
NSF checks 237
373,097
Book Balance
$
112,990
(Form A -1)
CITY OF COLUMBIA NEIGNTS, MINNESOTA 12 MNIIAL FINANCIAL REPORT
FIDELITY BANK
AND TRUST CO.
100,000
$ 100,000
FIRST
TWIN CITY HOME FEDERAL BROOKDALE
FEDERAL SAVINGS STATE BANK
100,000
$ 100,000
24,000
r o b nnn
24,000
c oh nnn
Form A -2
TOTAL
$ - $ - $ 947,700
100,000 100,000 640,000
$ 100,000 $ 100,000 $:.587.700
$ - $ - $ 345,732
63,435
54,098 50,000 128,098
$ 54,098 $ 50,000 (A) $ 537,265
54,098 487,265
49,705
4
27,211
373,097
$ 54,098 $ 191,088
$ 81,703 (A) Performance bond
2,988 for garbage service
75,183 contract - Dick's
25,590 Sanitary Service, Inc.
2,979
(18,775)
(60)
21,480
$ 191,088
13 ANNUAL FINANCIAL REPORT
Bank Balance by Funds
General Fund
-- Form B
Special Revenue Funds
Form C
Capital Project Funds
__ Form D
Enterprise Funds
-- Form E
Central Garage Fund
-- Form I
Trust and Agency Funds
-_ Form J
Capital Project Funds
_ Special
Assessment Bonds
-- Form K
General Debt Service
-_ Form L
Total Treasurer's
Cash
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Form A -2
TOTAL
$ - $ - $ 947,700
100,000 100,000 640,000
$ 100,000 $ 100,000 $:.587.700
$ - $ - $ 345,732
63,435
54,098 50,000 128,098
$ 54,098 $ 50,000 (A) $ 537,265
54,098 487,265
49,705
4
27,211
373,097
$ 54,098 $ 191,088
$ 81,703 (A) Performance bond
2,988 for garbage service
75,183 contract - Dick's
25,590 Sanitary Service, Inc.
2,979
(18,775)
(60)
21,480
$ 191,088
13 ANNUAL FINANCIAL REPORT
STATEMENT OF INVESTMENTS
December 31, 1978
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 14
$2,106,296
MNUAL FINANCIAL REPORT
Date
Maturity
Par
Yield
Acquired
Date
Value
Repurchase Agreement
9.90
12- 4 -78
1- 2 -79
$ 350,000
Repurchase Agreement
9.90
12 -28 -78
1 -29 -79
250,000
Farm Credit Discount Notes
9.81
12- 4 -78
2- 2 -79
150,000
Repurchase Agreement
10.00
12 -28 -78
2 -28 -79
250,000
Federal Intermediate Credit Bank
8.18
7- 5 -78
4- 2 -79
100,000
Federal Intermediate Credit Bank
9.40
11- 1 -78
8- 1 -79
100,000
Federal Intermediate Credit Bank
10.00
12- 4 -78
9- 4 -79
200,000
Federal Home Loan Bank
8.87
10- 5 -78
11 -26 -79
150,000
Federal Home Loan Bank
9.65
11 -27 -78
8 -25-80
200,000
Federal National Mortage Association
8.70
7 -10 -78
10 -10 -80
150,000
City of Columbia Heights Bonds
Storm Sewer of 1965
4.83
10- 1 -69
1- 1 -84
10,000
Ginny Mae
7.58
3 -23 -77
3- 1 -06
196,296
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 14
$2,106,296
MNUAL FINANCIAL REPORT
e
i
Form A -3
Unamortized Unamortized Book
Discount Premium Value Summary By Fund
$ — $ — $ 350,000
General Fund -
Form B
$ 853,040
250,000
Special Revenue
Funds -
1,327 148,673
Form C
99,000
250,000
Capital Project
Funds -
Form D
635,000
11 100,011
Enterprise Funds
-
100,000
Form E
Operations
272,450
200,000
Trust and Agency
Funds -
333 149,667
Form J
26,000
357 200,357
General Debt Service
Funds -
36 150,036
Form L
217,000
$2,102,490
2,550 7,450
(Schedule A -1)
196,296
$ 4,210 $ _ 4o4 $2,102,490
I.CITY OF COLUMBIA HEIGHTS, MINNESOTA 15
ANNUAL FINANCIAL REPORT
COMBINED SCHEDULE OF B014DS PAYABLE
December 31, 1978
SPECIAL ASSESSMENT BONDS PAYABLE:
Permanent Improvement Revolving Bonds of 1969
Non - Callable
Total P.I.R. Bonds of 1969
Permanent Improvement Revolving Bonds of 1972
Non - Callable
Total P.I.R. Bonds of 1972
Total Special Assessment Bonds Payable
GENERAL OBLIGATION BONDS:
Water Bonds of 1965
All Callable after January 1, 1975 in
inverse order at par and accrued
interest plus a premium of $50 per bond
Total Water Bonds of 1965
Park Bonds of 1962
Non - Callable
Total Park Bonds of 1962
Storm Sewer Bonds of 1965
All Callable after January 1, 1980 in
inverse order at par and accrued
interest plus a premium of $50 per bond
Total Storm Sewer Bonds of 1965
Interest
Rates and
6.00% 2/1 - 8/1
4.00% 1/1 - 7/1
4. 10 '
4.200
4.30%0
3.50% 1/1 - 7/1
3.50% 2/1
3.50 %b 1/1 - 7/1
3.50%
3.50%
3.60%
3.60%
3.60%
Final
Issue Maturity
Date Date
11 -1 -69 2 -1 -79
7 -1 -72 1 -1 -83
10 -1 -65 1 -1 -80
2 -1 -62 2 -1 -79
10 -1 -65 1 -1 -85
CITY OF COLUMBIA HEIGHTS, MINNESOTA 16 MNUAL FINANCIAL REPORT
Form A -4
Annual
Authorized
Serial
and
Payments
Issued
Matured
Outstanding
$
-
$
590,000
$
590,000
$
-
70,000
(79)
70,000
70,000
$
660,000
$
590,000
$
70,000
$
-
$
300,000
$
300,000
$
-
50,000
(79)
50,000
50,000
50,000
(80)
50,000
So,000
50,000
(81)
50,000
50,000
5,000
(82)
5,000
5,000
$
455,000
$
300,000
$
155,000
$
225,000
$
-
$
235,000
$
235,000
$
-
25,000
(79)
25,000
25,000
$
260,000
$
235,000
$
25,000
$
-
$
295,000
$
295,000
$
-
30,000
(79)
30,000
30,000
$
325,000
$
295,000
$
30,000
$
-
$
315,000
$
315,000
$
-
45,000
(79)
45,000
45,000
85,000
(80)
85,000
85,000
95,000
(81)
95,000
95,000
105,004
105,000
(82)
105,000
130,000
(83)
130,000
130,000
140,000
(84)
140,000
14o,000
$
915,000
$
315,000
$
600,000
.CITY OF
COLUMBIA HEIGHTS,
MINNESOTA
17
ANNUAL FINANCIAL REPORT
COMBINED SCHEDULE OF BONDS PAYABLE
December 31, 1978
Total Capital Improvements Bonds of 1976
Total General Obligation Bonds
Total Bonds Payable - All Funds
CITY OF COLUMBIA NEIGNTS, MINNESOTA 18 ANNUAL FINANCIAL REPORT
Interest
Final
Rates and
Issue
Maturity
Dates
Date
Date
GENERAL OBLIGATION BONDS (Continued):
State -Aid Bonds of 1969
2 -1 -69
2-1 -79
iJon- Callable
4.60% 2/1 - 8/1
Total State -Aid Bonds of 1969
City Garage Bonds of 1972
7 -1 -72
1 -1 -83
Non - Callable
4.00% 1/1 - 7/1
4.lo%
4.20%
4.30%
Total City Garage Bonds of 1972
Capital Improvement Bonds of 1976
4 -1 -76
10-1 -83
Non - Callable
4.00% 4/1 -10 /1
4.15%
4.30%
4.45%
4.60%
Total Capital Improvements Bonds of 1976
Total General Obligation Bonds
Total Bonds Payable - All Funds
CITY OF COLUMBIA NEIGNTS, MINNESOTA 18 ANNUAL FINANCIAL REPORT
Form A -4
Annual
Authorized
Serial
and
Payments
Issued
_Matured
Outstanding
$ -
$ 90,000
$
90,000
$ -
10,000
(79)
10,000
10,000
$ 100,000
$
90,000
$ 10,000
$ -
$ 300,000
$
300,000
$ -
50,000
(79)
50,000
50,000
50,000
(80)
50,000
50,000
50,000
(81)
50,000
50,000
60,000
(82)
60,000
60,000
$ 510,000
$
300,000
$ 210,000
$ -
$ 255,000
$
255,000
$ -
150,000
(79)
150,000
150,000
150,000
(80)
150,000
150,000
175,000
(81)
175,000
175,000
175,000
(82)
175,000
175,000
115,000
(83)
115,000
115,000
$1,020,000
$
255,000
$ 765,000
$1,640,000
$1,865,000
CITY OF COLUMBIA NEIGNTS,
MINNESOTA
19
ANNUAL FINANCIAL REPORT
1
1
1
1
1
1
1
I
1
1
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
GENERAL Ft.. . 0
The Home Rule Charter of the City of Columbia Heights provides
in Section 69 Subdivision (c): "A General Fund for the support
of such other funds and for the payment of such expenses of the
city as the council may deem proper. Into this fund shall be
paid all moneys not herein provided to paid (sic) into any other
fund."
TABLE OF CONTENTS
Financial Statements:
Page,
Comparative Balance Sheet Form B 20
Comparative Statement of Changes in
Fund Balance Form B -1 21
Statement of Revenue - Estimated and
Actual Form B-2 22
Statement of Expenditures and Encumbrances
Compared with Authorizations Form B -3 24
See also the Notes to Financial Statements.
Fo rm B
GENERAL FUND
COMPARATIVE BALANCE SHEET
December 31, 1978 and 1977
ASSETS
1978
1977
Current Assets:
Cash:
Treasurer's balance
$ 81,703
$ 1,779
Imprest cash and change funds
1,075
$ 82,7787
1,075
-2,-757
Total Cash -- Form A -1
Investments (at cost) -- Form A -3
853,040
822,276
Taxes receivable -- delinquent
62,065
(62,065)
52,708
(52,708)
Less: Allowance for uncollectible taxes
Accounts receivable:
47,698
47,357
Unbilled Services
16,933
15,067
Other
5,606
Prepaid Insurance
Total Assets
$1,000,449
$ 893,160
LIABILITIES, RESERVES AND FUND BALANCE
Current Liabilities:
Accounts payable $ 12,616 $ 9,810
Accrued salaries payable 13,278 9,284
Accrued Social Security taxes payable 5,878 728
Contracts payable 1,592 323
Revenues collected in advance 5,247 4,950
Total Current Liabilities $ 38,611 $ 25,095
Reserves:
Encumbrances $ 4,276 $ 4,237
Fund Balance: $ _ $ 34,483
Appropriated
Unappropriated 957,562 829,345
Total Fund Balance -- Form B -1 $ 957,562 $ 863,828
Total Liabilities, Reserves and Fund Balance $1,000,449 $ 893,160
CITY OF COLUMBIA HEIGHTS, MINNESOTA 20 &NNUAL FINANCIAL REPORT
Form B -1
GENERAL FUND
COMPARATIVE STATEMENT OF CHANGES IN FUND BALANCE
For the Years Ended December 31, 1978 and 1977
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 21
ANNUAL FINANCIAL REPORT
1978
1977
Fund Balance, January 1
$
863,828
$
591,399
Add:
Excess of revenues over expenditures and
encumbrances for the year:
Revenues -- Form B -2
$
2,860,644
$
2,738,002
Less:
Expenditures and Encumbrances -- Form B -3
2,765,325
2,463,113
Excess
$
95,319
$
274,889
Shop Inventory Sold to Central Garage
$
—
$
15,800
Total Balance and Additions
$
959,147
$
882,088
Deduct:
Appropriation to Central Garage
1,585
18,260
Fund Balance, December 31 -- Form B
$
957,562
$
863,828
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 21
ANNUAL FINANCIAL REPORT
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
For the Year Ended December 31, 1978
General Property Taxes:
Current ad valorem
Delinquent ad valorem
Penalties and Interest
Forfeited tax sale apportionments
Total General Property Taxes
Licenses and Permits:
Business Regulatory Licenses
Non - Business Licenses and Permits
Total Licenses and Permits
Fines and Forfeitures:
Court Fines
Other
Total Fines and Forfeitures
Revenue from Use of Money and Property:
Interest Earnings --
Investment Trust Fund
Rents
Interest -- Certify Special
Assessments
Total Revenue from Use of
Money and Property
Revenue from Other Agencies:
Shared State Taxes:
Local Government Aid
Property Tax Relief (Homestead)
Municipal State Aid - Maintenance
Attached Machinery Aid
State Grant -- Shade Tree Aid
Other
Anoka County:
Street Maintenance
Silver Lake Beach
County Court Parking Lot
Total Revenue from Other
Agencies
Form B -2
$ 985,716
328,515
13,000
6,370
46,300
1,200
6,020
2,000
250
$1,389,371
$ 985,716 $
360,988
32,473
14,225
1,225
Actual
630
12,709
(33,591)
5,638
Over
Estimated
Actual
(2,000)
(Under)
Revenue
Revenue
Estimate
$ 985,541
$
924,480
$
(61,061)
12,506
12,506
3,000
3,971
971
362
362
$ 988,541
$
941,319
$
(47,222)
$ 17,925
$
23,865
$
5,940
33,000
53,005
20,005
$ 50,925
$
76,870
$
25,945
$ 38,000
$
36,359
$
(1,641)
1,000
1,832
832
$ 39,000
$
38,191
$
(809)
$ 20,000
$
38,208
$
18,208
17,600
18,802
1,202
110
110
$ 37,600
$
57,120
$
19,520
$ 985,716
328,515
13,000
6,370
46,300
1,200
6,020
2,000
250
$1,389,371
$ 985,716 $
360,988
32,473
14,225
1,225
7,000
630
12,709
(33,591)
5,638
4,438
6,020
(2,000)
(250)
$1,392,296 $ 2,925
NTY OF COLUMBIA HEIGHTS, MINNESOTA 22 MNUAL FINANCIAL REPORT
Form B -2
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL (CONTINUED) .
For the Year Ended December 31, 1978
I CITY OF COLUMBIA HEIGHTS, MINNESOTA �3
ANNUAL FINANCIAL REPORT
Actual
Over
Estimated
Actual
(Under)
Revenue
Revenue
Estimate
Other Revenue:
Sale of Property
$
10,000
$
1,168
$
(8,832)
Miscellaneous
1,400
2,374
974
Contributions
7,943
7,943
Total Other Revenue
$
11,400
$
11,485
$
85
Charges for Current Services:
General Government
$
2,400
$
3,060
$
660
Public Safety
22,390
22,996
606
Public Works
5,500
5,734
234
Library
1,850
2,044
194
Parks
4,500
7,269
2,769
Refuse Collection
309,000
260,823
(48,177)
Other
200
45
(155)
Total Charges for
Current Services
$
345,840
$
301,971
$
(43,869)
Expenditure Reimbursements:
Insurance premium refund
$
-
$
15,270
$
15,270
Construction labor reimbursement
5,000
8,839
3,839
Equipment rental reimbursement
15,000
13,039
(1,961)
Other reimbursements
100
3,871
3,771
Total Expenditure
Reimbursements
$
20,100
$
41,019
$
20,919
Transfers In:
LaBelle Park
$
-
$
373
$
373
Grand Total
$2,882,777
$2,860,644
$
(22,133)
I CITY OF COLUMBIA HEIGHTS, MINNESOTA �3
ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the Year Ended December 31, 1978
1978
Expenditures Unencumbered
Appropriations and (Overexpended)
(Revised) Encumbrances Balance
GENERAL GOVERNMENT:
Mayor and Council:
Personal services
$
37,360
$
37,400
$
(40)
Other services and
charges
35,950
34,458
1,492
Supplies
1,000
897
103
Total
$
74,310
$
72,755
$
1,555
City Manager:
Personal services
$
62,495
$
55,454
$
7,041
Other services and
charges
7,820
6,980
840
Supplies
500
434
66
Total
$
70,815
$
62,868
$
7,947
Finance- Clerk:
Personal services
$
57,710
$
56,456
$
1,254
Other services and
charges
20,545
17,650
2,895
Supplies
Total
$
1,450
79,705
630
$ 74,736
820
$ 4,969
Elections:
Personal services
$
6,460
$
6,379
$
81
Other services and
charges
1,000
975
25
78
Supplies
Total
$
100
7,560
$
22
7,376
$
t84
Assessing:
Personal services
$
45,510
$
42,789
$
2,721
Other services and
charges
2,730
1,701
1,029
528
Supplies
Total
$
660
48,900
$
132
44,622
$
4,278
Legal:
Other services and charges $ 41,565 $ 36,789 $ 4,716
Human Rights:
Other services and charges $ 1,605 $ 427 $ 1,178
CITY OF COLUMBIA NEIGIITS, MINNESOTA 24 ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS (CONTINUED)
For the Year Ended December 31, 1978
PUBLIC SAFETY:
1978
Expenditures
Unencumbered
Police Protection:
Appropriations
and
(Overexpended)
(Revised)
Encumbrances
Balance
GENERAL GOVERNMENT (continued)
$
551,885
Planning:
558,647
$
(6,762)
Personal services
$ 17,500
$ 14,893
$ 2,607
Other services and charges
5,520
2,115
3,405
Supplies
2,135
1,814
321
Total
25,155
s 1 , 22
,333
General Government Buildings:
$ 624,215
$
Personal services
$ 9,815
$ 9,454
$ 361
Other services and charges
33,750
31,643
2,107
Supplies
5,200
5,573
(373)
Total
$ 48,76T
$ 6,670
$ 2,095
Total General Government
$ 398,380
$ 365,065
$ 33,315
PUBLIC SAFETY:
Police Protection:
Personal services
$
551,885
$
558,647
$
(6,762)
Other services and
charges
47,680
37,815
9,865
Supplies
24,650
22,783
1,867
Total
$ 624,215
$
619,245
$
4,970
Fire Protection:
Personal services
$
270,815
$
262,720
$
8,095
Other services and
charges
22,735
16,271
6,464
Supplies
Total
9,690
$ 303,270
7,753
$ 2 6,74
1,937
$ 16.4q6
Protective Inspection:
Personal services
$
46,920
$
46,622
$
298
Other services and
charges
17,595
16,684
911
Supplies
990
935
55
Total
$
65,505
$
64,241
$
1,264
Animal Control
Other services and
charges
$
8,000
$
7,035
$
965
Total Public Safety
5
1,000,960
$
977,265
$
23,695
.CITY .OF COLUMBIA NEIGNTS, MINNESOTA
25
ANNUAL
FINANCIAL REPORT
Form B -3
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS (CONTINUED)
For the Year Ended December 31, 1978
Tree Trimming and Removal:
Personal services
$ 19,600
$ 17,317
1978
Other services and charges
72,785
67,624
5,161
Expenditures
Unencumbered
126
1,074
Appropriations
and
(Overexpended)
Total
(Revised)
Encumbrances
Balance
PUBLIC WORKS:
$ 512,785
$ 488,555
$ 24,230
SANITATION:
Engineering:
Refuse Collection and Disposal:
Personal services
$ 95,000
$ 92,872
$ 2,128
Other services and
charges
9,355
6,354
3,001
Supplies
100
2,240
2,276
(36)
Total
246,1'ST
106,595
101,502
5,093
Street Maintenance:
Personal services
$ 152,750
$ 151,132
$ 1,618
Other services and
charges
44,340
42,418
1,922
Supplies
34,860
35,573
(713)
Total
231,950
229,123
2, 27
Street Lighting:
Personal services
$ 1,900
$ 1,881
$ 19
Other services and
charges
46,850
41,228
5,622
Total
$ 48,750
$ 3,109
$ 5,6 1
Traffic Signs and Signals:
Personal services
$ 17,660
$ 17,284
$ 376
Other services and
charges
9,630
7,699
1,931
Supplies
3,350
3,506
(156)
Total
$ 30,64o
2 9
2,151
Tree Trimming and Removal:
Personal services
$ 19,600
$ 17,317
$ 2,283
Other services and charges
72,785
67,624
5,161
Supplies
1,200
126
1,074
Capital outlay
1,265
1,265
Total
9 7,-F5-0
,332
,51
Total Public Works
$ 512,785
$ 488,555
$ 24,230
SANITATION:
Refuse Collection and Disposal:
Personal services
$ 7,315
$ 6,450
$ 865
Other services and charges
240,140
239,607
333
Supplies
100
129
(29)
Total
T---2 T7,555
246,1'ST
$ 1,369
CITY OF COLUMBIA HEIGHTS, MINNESOTA 26 MNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS (CONTINUED)
For the Year Ended December 31, 1978
1978
Expenditures Unencumbered
Appropriations and (Overexpended)
(Revised) Encumbrances Balance
SANITATION (continued):
Weed Control:
Personal services
$
700
$ 600
$ 100
Other services and charges
2,000
2,700
171
5 771
1,829
$ 1,929
Total
Total Sanitation
$
250,255
$ 246,957
$ 3,298
LIBRARY:
Personal services
$
72,825
$ 70,843
$ 1,982
Other services and charges
17,400
14,273
32,298
3,127
(198)
Supplies
Total
$
32,100
122,325
117,T71
$ ,911
MUNICIPAL PARKS:
Administration and Maintenance:
$
193,700
$ 194,095
$ (395)
Personal services
Other services and charges
70,120
73,054
(2,934)
(2,356)
Supplies
13,250
15,606
Capital Outlay
$
2,300
279,370
2,269
31
$ 5,65
$ 2 5,02
Total
Wading Pools:
$
100
$ 84
$ 16
Personal services
(205)
Other services and charges
1,100
31
531
5
569
Supplies
$
1,200
20
$ 380
Total
Skating Rinks:
Personal services
$
13,500
$ 13,993
$ (493)
(399)
Other services and charges
11,000
400
11,399
970
(570)
Supplies
24,900
$ 26,362
1, 62
Total
Total Municipal Parks
$
305,470
$ 312,206
$ (6,736)
J .CITY OF COLUMBIA HEIGHTS, MINNESOTA 27
ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS (CONTINUED)
For the Year Ended December 31, 1973
1978
Expenditures Unencumbered
Appropriations and (Overexpended)
(Revised) Encumbrances Balance
UNALLOCATED EXPENSE:
Transfers
$
232,236
Insurance
$ 16,800
$ 16,602 $
198
Taxes and licenses
200
312
(112)
.School crossing speed zone beacons
4,000
3,081
919
Clearing of lot at 4037 Van Buren
for parking lot
2,600
(2,600)
Vandalism
2,000
567
1,433
Other miscellaneous
71,849
2,465
69,384
Total Unallocated
$ 94,849
$ 25,627 $
69,222
TRANSFERS:
Recreation $ 67,850
Capital Improvements fund 308 154,811
Huset Tennis Court fund 5,200
Sidewalk Repair fund 4,375
Total
Transfers
$
232,236
Grand
Total
$
2,917,260
$ 67,850
154,811
5,200
4,375
$ 232,236
$ 2,765,325
$ 151,935
CITY OF COLUMBIA HEIGHTS, MINNESOTA 28 ANNUAL FINANCIAL REPORT
HE CITY OF COLUM�j IA HEIGHTS, MINNESOTA
NNUA FINANCIAL REPORT
EAR tNDED DECEMBER 31, 1978
SPECIAL REIT ENUE FUNDS
Special Revenue Funds are used to account for the proceeds of
specific revenue sources as to finance specified activities as
required by law or administrative regulation.
The Revenue Sharing Fund is established by federal legislation
to account for the receipt and expenditure of general revenue
sharing funds. Antirecession Fund is established by federal
legislation to account for the receipt and expenditure of anti -
recession funds. The Recreation Fund is governed by a Recrea-
tion Commission established by an agreement between the City and
I.D.S. #13 School Board. The Civil Defense Fund is established
to account for tax levies and federal reimbursements. The
Municipal State -Aid Street Fund is maintained according to state
statute for the maintenance and construction of streets on the
Municipal State-Aid System. The C.E.T.A. Fund is established by
federal legislation to account for the receipt and expenditure of
funds under the comprehensive employment training act.
TABLE OF CONTENTS
Financial Statements:
Combined Balance Sheet
Analysis of Changes in Revenue,
Expenditures and Fund Balance:
Revenue Sharing Fund
Anti- Recession Aid Fund
Recreation.Community Services Fund
Civil Defense Fund
Municipal State-Aid Street Fund
C.E.T.A. Fund
See also the Notes to
Financial Statements.
Page
Form C 29
Form
C -1
31
Form
C -2
32
Form
C -3
33
Form
C -4
34
Form
C -5
35
Form
C -6
36
SPECIAL REVENUE FUNDS
BALANCE SHEET
December 31, 1978
ASSETS
Cash:
Treasurer's balance (overdraft)
Imprest Cash
Total Cash -- Form A -1
Investments at cost -- Form A -3
Accounts Receivable
Due from Other Governmental Units:
Due from Federal - Office of Revenue Sharing
Due from State of Minnesota
Due from Anoka County
Total Assets
LIABILITIES, RESERVES AND FUND BALANCES
Current Liabilities:
Accounts Payable
Accrued salaries payable
Accrued Social Security taxes payable
Contracts payable
Due to Bonds of 1976
Reserves:
Encumbrances
Fund Balance
Total Liabilities, Reserves, and
Fund Balances
,ITY OF COLUMBIA HEIGHTS, MINNESOTA 29
Total
$ 2,983
50
.. 00;
45,379
219,829
12,622
$ 379,876
$ 324
2,112
3,013
54,182
6,700
4,608
308,937
$ 379,876
Revenue
Sharing
$ 7,463
$ 7,463
71,000
45,379
$ 123,842
$ 22
54,182
3,578
66,060
Form C -1)
$ 123,842
ANNUAL FINANCIAL REPORT
Funds
Recreation & Municipal
Community Civil State
Services Defense Aid
$ 1,081 $ 2,694 $ 41
50
$ 1,131 $ 2,694 $ 41
12,000 16,000
8
134 219,695
$ 13,139 $ 18,828 $ 219,736
$ 264 $ 38 $ -
794
6,700
12,081
(Form C -3)
$ 13,139
1,030
17,760 213,036
(Form C -4) Form C -5)
$ 18,828 $ 219,736
CITY OF COLUMBIA HEIGHTS, MINNESOTA
30
Fo rm C
C.E.T.A.
$ (8,291)
$ (8,291)
12,622
$ 4,331
2,112
2,219
Form C -6)
$ 4,331
ANNUAL FINANCIAL REPORT
Form C -1
REVENUE SHARING FUND
ANALYSIS OF CHANGES IN REVENUE, EXPENDITURES AND FUND BALANCE
For the Year Ended December 31, 1978
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Fund Balance, January 1, 1978 $ 73,286
Estimated
Revenue
Revenues:
Revenue from Use of Money and Property:
Interest earnings - Investment trust
Fund $ 6,000
Revenue from Other Agencies:
Federal Revenue Sharing $178,000
Total Revenue $184,000
Actual
Revenue
Actual
Over
(Under)
Estimate
$ 5,800 $ (200)
$178,817
$184,617
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Expenditures:
Capital Outlay:
Public Safety
Parks
Transfers - Grant Match:
Park Construction
Street and Engineering
Library
General Government
Professional Services:
Downtown Development
Other General Government
Total Expenditures
Fund Balance, December 31, 1978
Appropriations Expenditures
$ 48,080
83,700
9,800
3,600
7,755
10,000
78,396
$2.41 ,331
$ 38,800
100,700
20,790
10,622
4,554
3,654
10,000
2,723
$1,31,843
$ 66,060
Form C
$ 817
$ 617
Unexpended
(Over -
expended)
Balance
$ 9,280
(17,000)
(20,790)
(822)
(954)
4,101
75,673
$ 49,488
31
,ITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT
ANTI - RECESSION AID FUND
ANALYSIS OF CHANGES IN FUND BALANCE
For the Year Ended December 31, 1978
Fund Balance, January 1, 1978
Revenues:
Federal Grant
Total Balance and Additions
Expenditures:
Personal services
Fund Balance, December 31, 1978
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 32
Form C -2
8,580
$ 3,580
$ 8,580
(Form C
ANNUAL FINANCIAL REPORT
RECREATION AND COMMUNITY SERVICES FUND
ANALYSIS OF CHANGES IN REVENUE, EXPENDITURES AND FUND BALANCE
For the Year Ended December 31, 1978
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Fund Balance, January 1, 1978 $ 1,996
Estimated Actual
Revenue Revenue
Revenues:
Revenue from other agencies:
Independent School District #13 $ 65,905 $ 67,105
Fees 8,300 10,097
Transfer from General Fund 67,850 67,850
Total Revenue $ 142,055 $ 145,052
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Expenditures:
Personal services
Other sevices and charges
Supplies
Capital outlay
Other expenses:
Playground
Athletic supplies
Beach program
Traveling teams
Total Expenditures
Fund Balance, December 31, 1978
Appropriations Expenditures
$ 109,728
11,845
3,182
500
2,000
2,700
5,900
5,200
$ 141,055
$ 102,851
13,080
2,534
795
2,002
2,695
5,849
5,161
$ 134,967
$ 12,081
Form C
Form C -3
Actual
Over
(Under)
Estimate
$ 1,200
1,797
$ 2,997
Unexpended
(Over -
expended)
Balance
$ 6,877
(1,235)
648
(295)
(2)
5
51
39
CITY OF 'Y"COLUMBIA HEIGHTS, MINNESOTA 33 ANNUAL FINANCIAL REPORT
Form C-4
CIVIL DEFENSE
ANALYSIS OF CHANGES IN REVENUE, EXPENDITURES AND FUND BALANCE
For the Year Ended December 31, 1978
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Fund Balance, January 1, 1978 $ 30,.771
Actual
Over
Estimated Actual (Under)
Revenue Revenue Estimate
Revenues:
Personal services
$ 16,775
$ 13,877
General Property Taxes:
Other services and charges
9,305
4,965
4,340
Supplies
2,960
Current ad valorem
$
6,450
$
6,445
$
(5)
Revenue from Other Agencies
$ 38,025
$ 26,346
$ 11,679
Property Tax Relief (Homestead)
$
2,150
$
2,155
$
5
Federal Aid
7,200
3,235
(3,965)
Total Revenue from Other Agencies
$
9,350
$
5,390
$
(3,960)
Interest earnings- Investment Trust Fund
$
200
$
1,500
$
1,300
Miscellaneous
Total Revenue
$
16,000
$
13,335
$
(2,665)
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Unexpended
(Over -
expended)
Appropriations Expenditures Balance
Expenditures:
Personal services
$ 16,775
$ 13,877
$ 2,898
Other services and charges
9,305
4,965
4,340
Supplies
2,960
1,770
1,190
Capital outlay
8,985
5,734
3,251
Total Expenditures
$ 38,025
$ 26,346
$ 11,679
Fund Balance, December 31, 1978
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
$ 17,760
Form C
34 ANNUAL FINANCIAL REPORT
MUNICIPAL STATE -AID STREET FUND
ANALYSIS OF CHANGES IN REVENUE, EXPENDITURES AND FUND BALANCE
For the Year Ended December 31, 1978
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Fund Balance, January 1, 1978 $ 193,304
Revenues:
State of Minnesota:
Gasoline tax apportionment- Construction
Interest Earnings- Investment
Trust Fund
Total Revenue
Estimated
Revenue
Actual
Revenue
Form C -5
Actual
Over
(Under)
$ 140,000 $ 145,800 $ 5,800
3,200 1,100 (2,100)
$ 143,200 $ 146,900 $ 3,700
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Expenditures:
Construction costs
Transfers:
Central Avenue Urbanization
5th Street Storm Sewer
5th Street & 38th Avenue Paving
Fillmore: 47 -49th Avenue
Total Expenditures
Fund Balance, December 31, 1978
$ 24,500 $ 775 $ 23,725
30,000
25,000
254,000
$ 333,500
30,000
30,000
66,393
$ 127,168
$ 213,036
Form C
(5,000)
254,000
(66,393)
t InK 2z'?
CITY OF COLUMBIA HEIGHTS, MINNESOTA 35 ANNUAL FINANCIAL REPORT
C.E.T.A. FUND
ANALYSIS OF CHANGES IN FUND BALANCE
For the Year Ended December 31, 1978
Fund Balance, January 1, 1978
Revenues:
Federal Grant
Total Balance and Additions
Expenditures:
Personal services
Other services and charges
Supplies
Total Expenditures
Fund Balance, December 31, 1978
CITY OF COLUMBIA HEIGHTS, MINNESOTA 36
$ 260,509
557
408
Form C -6
261,474
$ 261,474
$ 261,474
Form C
ANNUAL FINANCIAL REPORT
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
CAPITAL PROJECT FU �DS
Capital Project Funds are maintained to account for the
construction of major capital facilities. Project appli-
cations are a combination of several revenue sources,.such
as municipal state -aid streets, special assessments, sewer
utility fund, other governmental units, State and Federal
Grants, etc.
TABLE OF CONTENTS
Financial Statements:
Page
Combined Balance Sheet Form D 37
Statement of Changes in Fund Balance Form D -1 39
Statement of Cash Receipts and
Disbursements Form D -2 41
See also the Notes to Financial Statements.
CAPITAL PROJECT FUNDS
COMBINED BALANCE SHEET
December 31, 1978
ASSETS
Current Assets:
Cash - Treasurer's balance -- Form A -t
Investments (at cost) -- Form A -3
Accounts receivable
Total Assets
LIABILITIES AND FUND BALANCE
Current Liabilities:
Accounts payable
Contracts payable
Fund balance -- Form D -1
Total Liabilities and Fund Balances
CITY OF COLUMBIA NEIGRTS, MINNESOTA 37
. Total
$ 75,t83
635,000
985
$711,168
$ 1,275
105,415
604,478
$711,168
ONNUAL FINANCIAL REPORT
Form D
Prestemon
Capital Sullivan Tennis Courts Basketball
Improvement Lake Huset Park Court
C.P. 308 C.P. 807 C.P. 309 C.P. 310
$ 24,914 $ 40,890 $ 4,031 $ 5,348
221,000 414,000
985
$246,899 $454,890 $ 4,031 $ 5,348
$ 1,275 $ - $ - $ -
73,220 19,131 3,864 9,200
172,404 435,759 167 ( 3,852)
$246,899 $454,890 $ 4,031 $ 5,348
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 38 ANNUAL FINANCIAL REPORT
CAPITAL PROJECT FUNDS
STATEMENT OF CHANGES IN FUND BALANCE
For the Year Ended December 31, 1978
Project Authorization
Fund Balance, January 1, 1978
Add:
Increase in assessments
Appropriations from other funds:
General Fund
Municipal State -Aid
Revenue Sharing
Sewer Utility Fund
State Grant
Interest Earnings - Investment Trust Fund
Sale of property to Midland
Insurance claim - water damage
Prior years expenditures re- established
Total Balance and Additions
Deduct:
Expenditures:
Prior years
Current year:
Construction contracts
Other project expenditures
Transfer fund balance to General Fund
Total Expenditures
Fund Balance, December 31, 1978
Project Numbers
C.P.
308
- Capital Improvements
C.P.
807
- Sullivan Lake
C.P.
309
- Tennis Courts Huset Park
C.P.
310
- Prestemon Basketball Court
C.P.
202
- LaBelle Park
C.P.
304
- Central Avenue Urbanization
1 CITY OF COLUMBIA HEIGHTS, MINNESOTA 39
Total
$ 297,918
72,409
158,111
30,000
20,790
36,125
20,790
46,600
382,673
4,441
821,919
$1,891,776
$ 821,919
304,465
160,540
374
$1,287,298
$ 604,478
Form D
ANNUAL FINANCIAL REPORT
Form D -1
I CITY OF COLUMBIA NEIGNTS, MINNESOTA 40
ANNUAL FINANCIAL REPORT
Incomplete
Projects
Completed
Projects
C.P. 308
C.P. 807
C.P. 309
C.P. 310
C.P.
202
C.P. 304
$1,073,363
$225,000
$
37,500
$
9,280
$
-
$
130,000
$ 268,104
$153,554
$
-
$
-
$(
20)
$(123,720)
72,409
152,911
5,200
30,000
'16,150
4,640
36,125
16,150
4, 61 +0
25,700
20,900
382,673
4,441
657,181
31,937
132,801
$1,108,337
$589,064
$
37,500
$
9,280
$(
20)
$
147,615
$ 657,181
$ 31,937
$
-
$
-
$
-
$
132,801
158,123
99,720
36,453
11;080
(
911)
120,629
21,648
880
2,052
517
14,814
374
$ 935,933
$153,305
$
37,333
$
13,132
$(
20)
$
147,615
$ 172,404
$435,759
$
167
$(
3,852)
$
-
$
-
I CITY OF COLUMBIA NEIGNTS, MINNESOTA 40
ANNUAL FINANCIAL REPORT
CAPITAL PROJECT FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1978
Cash - Treasurer's balance, January 1, 1978
Receipts:
Interest earnings - Investment Trust Fund
Transfer Special Assessments less payable to
P.I.R. Fund
Proceeds from sale of property
State Grant
Appropriation from Revenue Sharing
Appropriation from General Fund
Appropriation from Sewer Utility Fund
Appropriation from Municipal State -Aid Fund
Reversal of investment trust allocation
Repayment of loan from C.P. 202 and 304
Insurance claim - water damage
Grant - U.S. Department of Commerce EDA
HUD Grant - Balance
Total Cash Available
Disbursements:
Construction contracts
Other project expenditures
Transfer Cash Balance and payable to General Fund
Investment trust allocation
Repayment of loan to C.P. 807.
Total Disbursements
Cash - Treasurer's balance, December 31, 1978
Project Numbers
C.P. 308 -
C.P. 807` -
C.P. 309
C.P. 310 -
C.P. 202 -
c.P. 304 -
Capital Improvements
Sullivan Lake
Tennis Courts Huset Park
Prestemon Basketball Court
LaBelle Park
Central Avenue Urbanization
Total
$ 1,851
46,600
48,735
382,673
20,790
20,790
158,111
36,125
30,000
368,000
108,000
4,441
413,000
27,430
$1,666,546
$ 688,074
157,140
3,149
635,000
108,000
$1,591,363
$ 75,183
Form D
CITY OF COLUMBIA NEIGNTS, MINNESOTA 41 RNNUAL FINANCIAL REPORT
Incomplete Projects
C.P. 308 C.P. 807 C.P. 309
t$ 640 $ 554 $ -
25,700 20,900
382,673
16,150
16,150
152,911 5,200
323,000 45,000
108,000
4,441
413,000
' $919,692 $557,127 $ 37,500
$555,960 $ 80,589 $ 32,589
117,818 21,648 88o
221,000 414,000
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
1
C.P. 310
4,640
4,640
$ 9,280
$ 1,880
2,052
$ 3,932
$ 5,348
Form D -2
.Completed Projects
C.P. 202 C.P. 304
$ 303 $ 354
27,430
$ 27,733
$ 17,056
528
3,149
7,000
$ 27,733
48,735
36,125
30,000
$115,214
14,214
101,000
$115,214
42 ANNUAL FINANCIAL REPORT
$894,778
$516,237
$
33,469
$ 24,914
$ 40,890
$
4,031
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
1
C.P. 310
4,640
4,640
$ 9,280
$ 1,880
2,052
$ 3,932
$ 5,348
Form D -2
.Completed Projects
C.P. 202 C.P. 304
$ 303 $ 354
27,430
$ 27,733
$ 17,056
528
3,149
7,000
$ 27,733
48,735
36,125
30,000
$115,214
14,214
101,000
$115,214
42 ANNUAL FINANCIAL REPORT
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
NNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
ENTERPRISE FUNDS
The Authority for hese types of funds is derived from Section
69 (b) of the City Gharter which allows for utility
or other
public service enterprise funds. Enterprise fund operations
are
financed solely by user charges.
TABLE OF CONTENTS
Page
Financial Statements:
43
Combined Balance Sheet
Form
E
Municipal Liquor Fund:
Comparative Balance Sheet
Form
F
45
Comparative Statement of Changes in
Retained Earnings
Form
F -1
46
Comparative Statement of Revenue and Expense
Form
F -2
47
Comparative Statement of Revenue
Form
F -3
49
Comparative Statement of Operating Expense
Form
F -4
51
Comparative Statement of Changes in Financial
Position
Form
F -5
53
Statement of Fixed Assets and Depreciation
Form
F -6
54
Water Utility Fund:
58
Comparative Balance Sheet
Form
G
Comparative Statement of Changes in Retained
Earnings
Form
G -1
59
Comparative Statement of Revenue and Expense
Form
G -2
60
Comparative Statement of Changes in
Financial Position
Form
G -3
61
Statement of Changes in Assets Restricted
for General Bond Debt Service
Form
G -4
62
Sewer Utility Fund:
Comparative Balance Sheet
Form
H
63
Comparative Statement of Changes in
Retained Earnings
Form
H -1
64
Comparative Statement of Revenue and Expense
Form
H -2
65
Comparative Statement of Changes in
Financial Position
.Form
H -3
66
See also the Notes to Financial Statements.
ENTERPRISE FUNDS
COMBINED BALANCE SHEET
December 31, 1978
Water Sewer
Liquor Utility Utility
Total Fund Fund Fund
ASSETS
Current Assets:
Cash - Treasurer's balance
$ 25,954
$ 15,308
$ 10,331
$ 315
Imprest cash and change funds
10,100
10,100
Investments (at cost)
272,450
170,000
95,000
7,450
Accounts receivable:
Unbilled services
229,220
152,304
76,916
Special assessments:
Current
6,614
6,614
Delinquent
2,159
2,159
Other
41,355
2,673
237
38,445
Inventories
103,258
99,636
3,622
Restricted Assets:
Cash with fiscal agents
25,862
25,862
Cash - Treasurer's balance
(364)
(364)
Total Current Assets
$ 716,608
$ 297,717
$ 295,765
$ 123,126
Deferred Assets:
Accounts receivable
35,183
35,183
Contracts receivable
293,722
293,722
Fixed Assets:
Land
16,735
16,735
Buildings (net)
101,568
101,568
Improvements other than bldgs.
(net) 20,339
20,339
Fixtures (net)
7,692
7,692
Equipment:
Store (net)
10,059
10,059
Office (net)
642
642
TOTAL ASSETS
$1,202,548
$ 454,752
$ 295,765
$ 452,031
CITY OF COLUMBIA HEIGHTS, MINNESOTA 43 ANNUAL FINANCIAL REPORT
Water
Liquor Utility
Total Fund' Fund
Fo rm E
Sewer
Utility
Fund
-- LIABILITIES, RESERVES; CONTRIBUTIONS -
AND RETAINED EARNINGS -
Current Liabilities:
Accounts payable $
66,971 $
43,492
$ 23,251
$ 228
Accrued salaries payable
6,938
3,339
2,736
863
Due to other funds
37,850
9,350
28,500
Due to other governmental units
3,309
2,020
863
426
Current liabilities payable from
restricted assets:
Matured bonds and interest payable
25,862
25,862
Bonds payable
25,000
25,000
Total Current Liabilities $
165,930 $
48,851
$ 87,062
$ 30,017
Due to other funds - long term 51,700 51,700
Deferred credit 293,722 293'722
Reserves:
Sur Tax - tower construction 214,609 214,609
General debt service (25,364) (25,364)
Retained Earnings 501,951 405,901 (32,242) 128,292
TOTAL LIABILITIES, RESERVES,
CONTRIBUTIONS AND RETAINED
EARNINGS
I.CITY OF COLUMBIA HEIGHTS, MINNESOTA
$1,202,548 $ 454,752 $ 295,765 $ 452,031
44
ANNUAL FINANCIAL REPORT
Form F
MUNICIPAL LIQUOR FUND
COMPARATIVE BALANCE SHEET
December 31, 1978 and 1977
1978 1977
ASSETS
Current Assets:
Cash:
Treasurer's Balance $ 15,308 $ 559
Imprest cash and change funds 10,100 10,100
Total Cash -- Form A -1 $$ 25,408 $ 10,659
Investments (at cost) -- Form A -3 170,000 102,000
Accounts receivable 2,673 10,728
Inventory - Merchandise for resale (at cost) 99,636 100,288
Total Current Assets $297,717 $223,675
Deferred Assets:
Accounts receivable - Judgement - Anti -trust suit
settlement (less portion due within one year) $ - $ 1,572
Fixed Assets:
Land $ 16,735 $ 16,735
Buildings 169,390 169,390
Improvements other than buildings 58,421 58,182
Office equipment 1,375 1,450
Store equipment 76,795 74,826
Total $322,716 $323
Less: Allowance for depreciation 165,681 156,425
Net Fixed Assets -- Form F -6 $157,035 $16T,1155
Total Assets $454,752 $389,405
LIABILITIES AND RETAINED EARNINGS
Current Liabilities:
Accounts payable $ 43,492 $ 34,216
Accrued salaries payable 3,339 2,833
Accrued Social Security taxes payable 2,020 261
Total Current Liabilities $ 48,851 $ 37,310
Retained Earnings -- Form F -1 405,901 352,095
Total Liabilities and Retained Earnings $454,752 $389,405
CITY OF COLUMBIA NEIGHTS, MINNESOTA 45 ANNUAL. FINANCIAL. REPORT
Form F -1
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
For the Years Ended December 31, 1978 and 1977
Retained Earnings, January 1
Add:
Net income for the year -- Form F -2
Total Balance and Additions
Deduct:
Adjustment to fixed assets and
allowance for depreciation
Retained Earnings, December 31 -- Form F
1 CITY OF COLUMBIA HEIGHTS, MINNESOTA 46
1978
$352,095
53,806
$405,901
$405,901
1977
$319,833
32,792
$352,625
$ 530
$352,095
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMBINED ON -SALE AND OFF -SALE
COMPARATIVE STATEMENT OF REVENUE AND EXPENSE
For the Years Ended December 31, 1978 and 1977
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Mdse. Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit on Sales
Percentage of Gross Profit to Sales
Less:
Operating Expense -- Form F -4
Net Operating Income before Depreciation
Less: Depreciation -- Form F -6
Net Operating Income (Loss)
Additions to Income:
Interest earnings - Investment
Trust Fund
Machine commissions
Check cashing
Other
Total Income
Deductions from Income:
Bad checks
Cash short
Total Deductions from Income
Net Income to Retained Earnings
Total All
Stores
On -Sale
Store
1978
1977
1978
1977
$1,064,893
$1,034,928
$307,086
$310,390
$ 1.00,288 $ 138,895 $ 9,636 $ 8,942
691,408
625,974
93,917
94,490
$ 791,696
$ 764,869
$103,553
$103,432
99,636
100,288
10,954
9,636
$ 692,060
$ 664,581
$ 92,599
$ 93,796
$ 372,833
$ 370,347
$214,487
$216,594
35.01%
35.78%
69.9%
69.8%
$ 321,789
$ 336,932
$190,105
$207,558
$ 51,044
$ 33,415
$ 24,382
$ 9,036
9,256
9,480
4,895
4,928
$ 41,788
$ 23,935
$ 19,487
$ 4,108
9,400
5,036
3,134
1,590
4,742
4,852
3,834
3,927
217
306
84
161
299
656
29
511
$ 56,446 $ 34,785 $ 26,568 $ 10,297
$ 1,574
$ 698
$ 1,374
$ 603
1,066
1,295
654
357
$ 2,640
$ 1,993
$ 2,028
$ 9�0
$ 53,806
$ 32,792
$ 24_,540
$ 9,337
Form F -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA 47 ANNUAL FINANCIAL REPORT
r �
Form F -2
Off -Sale Stores
Total No. 1 No. 2 No. 3
1978 1977 1978 .1977 A 1978 1977 1978 1977
$757,807 $724,538 $ - $-29,267 $360,899 $325,625 $396,908 $369,646
$ 90,652
$129,953
$ -
$
47,225
$ 38,356
$ 37,360
$ 52,296
$ 45,368
597,491
531,484
$( 6,138)
$ 11,224
(24,686)
290,418
257,670
307,073
298,500
$688,143
$661,437
$ -
$
22,539
$328,774
$295,030
$359,369
$343,868
88,682
90,652
$ 12,151
$ 14,150
$ 15,388
41,055
38,356
47,627
52,296
$599,461
$570,785
$ -
$
22,539
$287,719
$256,674
$311,742
$291,572
$158,346
$153,753
$ -
$
6,728
$ 73,- 180
$ 68,951
$ 85,166
$ 78,074
Form F -3)
TForm F -3)
20.90%
21.22%
-
%
23.0%
20.3%
21.20
21.5%
21.10
$131,684
$129,374
$ 731
$ 12,866
$ 61,956
$ 55,697
$ 68,997
$ 60,811
$ 26,662
$ 24,379
$( 731)
$( 6,138)
$ 11,224
$ 13,254
$ 16,169
$ 17,263
4,361
4,552
1,109
1,574
1,233
1,103
2,019
1,875
$ 22,301
$ 19,827
$(1,840)
$( 7,712)
$ 9,991
$ 12,151
$ 14,150
$ 15,388
6,266 3,446
9o8 925
133 145
270 145
$ 29,878 $ 24,488
266
48
17
11
$(1,840) $( 7,370)
3,133
1,590
3,133
1,590
444
383
464
494
103
64
30
64
192
96
7$
38
$ 13,863 $ 14,284
$ 200 $ 95 $ - $ - $ 100
412 938 152 207
$ 612 $ 1,033 $ - $ 152 $ 307
$ 29,266 $ 23,455 $(1,840) $( 7,522) $ 13,556
A Off -Sale Store No. 1 closed February 28, 1977
$ 55
397
$ 452
$ 13,832
$ 17,855 $ 17,574
$ 100
$ 4o
205
389
$ 305
$ 429
$ 17,550
$ 17,145
CITY OF COLUMBIA HEIGHTS, MINNESOTA 48 ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
OFF -SALE COMPARATIVE STATEMENT OF REVENUE
For the Years Ended December 31, 1978 and 1977
1978
TOTAL OFF SALE Total Liquor
Sales $757,807 $334,457
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit (Loss) on Sales -- Form F -2
Percentage of Gross Profit to Sales
NO. 1
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit (Loss) on Sales
Percentage of Gross Profit to Sales
NO. 2
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit (Loss) on Sales
Percentage of Gross Profit to Sales
NO. 3
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit (Loss) on Sales
Percentage of Gross Profit to Sales
CITY OF COLUMBIA HEIGHTS, MINNESOTA 49
$ 90,652
$ 76,445
597,491
254,806
$x,143
$331,251
88,682
72,590
$599,461
$258,661
$158,346 $ 75,796
20.90% 22.66%
$360,899 $154,528
$ 38,356
$ 32,469
290,418
122,139
$32 F,77777
$15 +,T0$
41,055
33,378
$2
$121,230
$ 73,180 $ 33,298
20.28% 21.55%
$396,908 $179,929
$ 52,296
$ 43,976
307,073
132,667
$359,3C9--
359,3
$16+3
47,627
39,212
$31$31 -172
$137?31
$ 85,166 L42,498
21.46% 21.62%
#NNUAL FINANCIAL REPORT
C
.1
u
CITY Of COLUMBIA HEIGHTS, MINNESOTA 50 ANNUAL FINANCIAL REPORT
Form F -3
1978
1977
Beer
Other
Total
Liquor
Beer
Other
$409,229
$
14,121
$724,538
$334,421
$377,585
$
12,532
$ 12,746
$
1,461
$129,953
$111,370
$ 16,018
$
2,565
329,265
13,420
531,484
219,'888
300,868
10,728
$3- 2F�
$
14,881
$661,437
$331,258
$316,886
$
13,293
13,987
2,105
90,652
76,445
12,746
1,461
$332 -02T+
$ 12,776
$57- 0, 7 5
+ $2�5 ,-�
$3o To
$ 1
$ 81,205
$
1,345
$153,753
$ 79,608
$ 73,445
$
700
19.84%
9.52%
21.22%
23.80%
19.45%
5.58%
$ -
$
-
$ 29,267
$ 16,747
$ 12,173
$
347
$ -
$
-
$ 47,225
$ 42,328
$ 4,272
$
625
(24,686)
(31,720)
7,292
(
258)
$ -
$
-
$ 22,539
$ 1- 0
$ 11,564
$
367
$ -
$
-
$ 22,539
$ 10,608
$ 11,564
$
367
$ -
$
-
$ 6,728
$ 6,139
$ 609
$(
20)
- %
- %
22.99%
36.66%
5.00%
(
5.76 %)
$199,632
$
6,739
$325,625
$145,175
$174,715
$
5,735
$ 5,357
$
530
$ 37,360
$ 31,200
$ 5,470
$
690
162,118
6,161
257,670
113,376
139,227
5,067
$167,475
$
6,691
$295,030
$144,576
$144,697
$
5,757
7,010
667
38,356
32,469
5,357
530
$160,465
$
6,024
$256,674
$112,107
$139,340
$
5,227
$ 39,167
$
715
$ 68,951
$ 33,068
$ 35,375
$
508
19.62%
10.61%
21.17%
22.78%
20.25%
8.86%
$209,597
$
7,382
$369,646
$172,499
$190,697
$
6,450
$ 7,389
$�
931
$ 45,368
$ 37,842
$ 6,276
$
1,250
167,147
7,259
298,500
138,232
154,349
5,919
$17T
$
8,190
$343,868
$176,074
$160,625
$
7,169
6,977
1,438
52,296
43,976
7,389
931
$167,559
$
6,752
$291,572
$132,098
$153,23
$ 42,038
$
630
$ 78,074
$ 40,401
$ 37,461
$
212
20.06%
8.53%
21.12%
23.42%
19.64%
3.29%
CITY Of COLUMBIA HEIGHTS, MINNESOTA 50 ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMBINED ON -SALE AND OFF -SALE
COMPARATIVE STATEMENT OF OPERATING EXPENSES
For the Years Ended December 31, 1978 and 1977
1978
Total On -Sale No. 1
PERSONAL SERVICES:
Salaries - regular employees $119,552 $ 65,469 $ -
Salaries - overtime and part time employees 90,088 55,284
Interdepartmental labor services 985 463
City Contribution to PERA and FICA 20,344 11,436
Hospitalization - Life insurance 5,890 3,877
Workmen's and Unemployment Comp 7,241 4,908 372
Total Personal Services $244,100 $1Til, 3_7 $ 372
OTHER SERVICES & CHARGES:
Contractural Maint. & Repair $ 3,094 $. 1,307 $ -
Professional Services 28,709 27,050 359
Communications 2,127 1,321
Travel - subscriptions 709 233
Utility 10,878 5,811
Insurance s bonds 20,549 6,750
Other contractural services 2,265 1,415
Other charges 2,554 903
Total Other Services & Charges $ 70 ,TT5 $ 44,790 $ 359
SUPPLIES:
General supplies $ 3,864 $ 938 $ -
Bar supplies 2,940 2,940
Total supplies $6,804 $ 3,877
Total Operating Expense $321,789 $190,105 $ 731
Form F -2)
CITY OF COLUMBIA NEIGIITS, MINNESOTA 51 AIINIIAL FINANCIAL REPORT
Form F -4
1978
1977
No. 2
No. 3
Total
On -Sale
No. 1
No. 2
No. 3
$ 24,646
$ 29,437
$139,205
$ 91,385
$
3,636
$
18,766
$
25,418
18,123
16,681
76,344
40,300
1,799
19,032
15,213
211
311
1,435
418
64o
274
103
4,018
4,890
21,779
13,363
544
3,703
4,169
892
1,121
6,525
4,585
81
769
1,090
958
1,003
18,134
12,139
2,950
1,467
1,578
$ ,�
$$ 53,44T
$263,422
$162,190
$
9,650
$ 4,011
$$ +
$ 484
$ 1,303
$ 2,873
$ 903
$
50
$
839
$
1,081
650
650
26,813
23,695
1,664
727
727
427
379
2,024
977
115
453
479
238
238
717
225
42
225
225
1,771
3,296
11,404
6,118
342
2,102
2,842
6,796
7,003
17,276
5,619
687
5,485
5,485,
499
351
2,476
1,479
82
364
551
792
859
2,380
1,198
190
505
487
$ 11,657
$$ 1T
$ 65,963
$ 40,214
$
3,172
$
10,700
$
11,877
$ 1,451
$ 1,475
$ 3,761
$ 1,368
$
44
$
986
$
1,363
3,786
3,786
$$ 1,T-51
$$$ 1,475
$$ 7,547
$$ 5,154
$
6
$
1,363
$ 61,956
$ 68,997
$336,932
$207,558
$
12,866
$
55,697
$
60,811
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 52
ANNUAL FINANCIAL REPORT
Form F -5,
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Years Ended December 31, 1978 and 1977
CITY OF COLUMBIA HEIGHTS, MINNESOTA 53 ANNUAL FINANCIAL REPORT
1978
1977
Source of Funds:
Operations:
Net income -- Form F -2
$ 53,806
$ 32,792
Items not requiring current outlay
of funds - depreciation -- Form F -6
9,256
9,480
Total Operations
$0
$ 42,272
Decrease in deferred assets
1,572
1,571
Total Source of Funds
$ 64,634
$ 43,843
Application of Funds:
Additions to fixed assets -- Form F -6
$ 2,133
$ 4,948
Increase in working capital
62,501
38,895
Total Application of Funds
$ 64,634
$ 43,843
Increase
Increase
(Decrease)
(Decrease)
Various Elements of Net Change in Working
Capital:
Cash
$ 14,749
$(15,668)
Investments
68,000
102,000
Accounts receivable
( 8,055)
821
Inventory
( 652)
(38,607)
Accounts payable
(11,541)
( 9,651)
$ 62,501
$ 38,895
CITY OF COLUMBIA HEIGHTS, MINNESOTA 53 ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
For the Year Ended December 31, 1978
On Sale /Lounge Store:
Land
Building
Parking area
Improvements other than buildings
Fixtures
Equipment:
Store
Office
Total
Off Sale No. 1 Store:
Land
Building
Improvements other than buildings
Fixtures
Equipment:
Store
Office
Total
CITY OF COLUMBIA HEIGHTS, MINNESOTA 54
Fixed Assets
Balances Balances
1 -1 -78 Additions Transfers 12 -31 -78
$ 6,440 $ - $ - $ 6,440
66,417 66,417
8,335 8,335
27,430 27,430
30,182 30,182
13,284 13,284
735 735
$152,823 $ - $ - $152,823
$ 3,170 $ - $ - $ 3,170
32,713 32,713
10,627 10,627
5,756 5,756
$ 52,266 $ - $ - $ 52,266
ANNUAL FINANCIAL REPORT
Form
F -6
Allowance for Depreciation
Balances
Depreciation
Balances
Net
Asset
1 -1 -78
Taken
Additions
Deductions
12 -31 -78
Value
$ -
$
-
$ -
$ -
$
-
$
6,440
29,733
1,307
31,040
35,377
903
417
1,320
7,015
19,903
1,142
21,045
6,385
26,065
797
26,862
3,320
4,546
1,146
5,692
7,592
264
86
350
385
$ 81,414
$
4,895
$ -
$ -
$
86,309
$
66,514
$
$
$
$
$
1
14,742
651
15,393
17,320
7,143
434
7,577
3,050
5,732
24
5,756
$ 27,617
$
1,109
$ -
$ -
$
28,726
$
23,540
CITY OF COLUMBIA
HEIGHTS,
MINNESOTA
55
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
For the Year Ended December 31, 1978.
Fixed Assets
Balances Balances
1-1 -78 Additions Transfers 12 -31 -78
Off Sale No. 2 Store:
Land
$
2,765
$
-
$
- $ 2,765
Building
.27,637
27,637
Improvements other than buildings
7,092
239
7,331
Fixtures
7,054
7,054
Equipment:
Store
1,509
756
2,265
Office
404
404
Total
$
46,461
$
995
$
- $ 47,456
Off Sale No. 3 Store:
Land
$
4,360
$
-
$
- $ 4,360
Building
42,623
42,623
Improvements other than buildings
4,698
4,698
Fixtures
14,791
14,791
Equipment:
Store
2,250
1,138
75 3,463
Office
311
i
75) 236
Total
$
69,033
$
1,138
$
- $ 70,171
Grand Totals
$320,583
$
2,133
$
- $322,716
Form F -5)
Form F
56
,ITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT
Form F -6
Allowance
for
Depreciation
Balances
Depreciation
Balances
Net Asset
1 -1 -78
Taken
Additions Deductions
12 -31 -78
Value
$ -
$ -
$ -
$ -
$ -
$ 2,765
7,324
552
7,876
19,761
3,646
265
3,911
3,420
6,072
283
6,355
699
1,380
55
1,435
830
151
78
229
175
$ 18,573
$ 1,233
$ -
$ -
$ 19,806
$ 27,650
$ -
$ -
$ -
$ -
$ -
$ 4,360
12,641
872
13,513
29,110
4,042
187
4,229
469
10,379
739
11,118
3,673
1,626
200
1,826
1,637
133
21
154
82
$ 28,821
$ 2,019
$ -
$ -
$ 30,84o
$ 39,331
$156,425
$ 9,256
$ -
$ -
$165,681
$157,035
(Form F -2)
Form F
Form F
.CITY OF COLUMBIA HEIGHTS, MINNESOTA
57
ANNUAL FINANCIAL REPORT
Form G
WATER UTILITY FUND
COMPARATIVE BALANCE SHEET
December 31, 1978 and 1977
ASSETS
1978
1977
Current Assets:
Cash - Treasurer's balance -- Form A -1
$ 10,331
$ 396
Investments (at cost) -- .Form A -3
95,000
MOOD
Accounts receivable:
Unbilled services
152,304
126,016
Special assessments:
Current
6,614
8,338
Delinquent
2,159
1,357
Other
237
349
Meter inventory
3,622
3,815
Prepaid expense
549
Total Current Assets
$270,267
$218,820
Restricted Assets:
Cash with fiscal agent
$ 25,862
$ 27,575
General bond debt service
Cash - Treasurer's balance -- Form A -1
( 364)
96
Investments (at cost) -- Form A -3
9,000
Total Restricted Assets -- Form G -4
$ 25,-E98
$ 36,671
Total Assets
$295,765
$255,491
LIABILITIES AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$ 23,251
$ 21,086
Accrued salaries payable
2,736
1,516
Accrued Social Security taxes payable
863
164
Contracts payable
12,974
Due to debt service funds:
General obligation bonds 1965
9,350
4,950
Total
$ 36,200
$x,690
Current Liabilities (Payable from Restricted Assets):
Matured bonds and interest payable
25,862
27,575
Bonds payable - General Obligation
(due within one year)
25,000
25,000
Total Current Liabilities
$ 87,062
$ 93,265
Other Liabilities:
Bonds payable - General Obligation
(less portion due within one year)
Water Bonds of 1965
$ -
$ 25,000
Due to general obligation bonds of 1965
51,700
61,050
Total Other Liabilities
$ 51,700
$- -86,05 0
Total Liabilities
$138,762
$179,315
Retained Earnings -- G -1
Sur tax - Tower construction
214,609
166,007
General debt service 7 oc
(25,364)
(40,904) 7� )76
Unappropriated
(32,242)
(48,927)
Total Liabilities
and Retained Earnings
$295,765
$255,491
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 58
ANNUAL FINANCIAL REPORT
Form G -1
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
For the Years Ended December 31, 1978 and 1977
1978 1977
Retained Earnings (Deficit), January 1, as previously $ (48,927) $ (29,303)
reported.
Adjustment to reclassify reserves for
Sur -tax - Tower construction and General debt service 12.5,103 58,505
Retained Earnings, January 1, as adjusted 76,176 29,202
Add: Net income for the year -- Form G -2 101,330 81,100
Total Balance and Additions $ 177,506 $ 110,302
Deduct:
Capital Outlay 1,779 17,301
Transfer to General obligation bonds:
Garage bonds 15,000 15,000
Adjust repayment schedule - Loan from S.S.
bonds 1965 549
Appropriation to Central Garage
Fund - Permanent 3,175 12825
Total Deductions 20,503 34,126
Retained Earnings, December 31 -- Form G $ 157,003 L76,176
CITY OF COLUMBIA HEIGHTS, MINNESOTA 59
ANNUAL FINANCIAL REPORT
Form G -2
WATER UTILITY FUND
COMPARATIVE STATEMENT OF REVENUE AND EXPENSE
For the Years Ended December 31, 1978 and 1977
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 60 ANNUAL FINANCIAL REPORT
1978
1977
OPERATING REVENUES:
Water sales
$486,984
$440,256
Hydrant rental
500
500
Meter sales (less cost of sales)
254
1,622
Customer service
2,378
2,936
Penalties
2,644
2,478
Total Operating Revenue
$492,760
$447,792
OPERATING EXPENSES:
Source of supply
$277,812
$251,473
Distribution:
Personal services
102,981
102,167
Other services and charges
25,410
21,076
Supplies
19,335
18,169
Administration & General:
Personal services
11,853
10,988
Other services and charges
10,969
8,255
Supplies
316
355
Total Operating Expenses
$448,676
$412,483
OPERATING INCOME
$ 44,084
$ 35,309
Add: Non - operating income:
Interest earnings
Investment Trust Fund
7,080
5,869
Certification delinquent utility bills
886
1,153
Miscellaneous
4,409
3,546
Total Income
$ 56,459
$ 45,877
Deduct: Non - operating expense:
Interest expense (bonds and loan)
3,731
9,292
Income before Water Tower sur -tax
52,728
36,585
Water Tower sur -tax
48,602
44,515
Net Income to Retained Earnings -- Form G -1
$101,330
$ 81,100
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 60 ANNUAL FINANCIAL REPORT
C
0
Form G -3
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Years Ended December 31, 1978 and 1977
Source of Funds:
Net income -- Form G -2
Decrease in restricted assets
Total Source of Funds
1978 1977
$101,330 $ 81,100
11,173 18,970
$112,503 $100,070
Application of Funds:
Transfer to water debt service fund
$
$ 16,915
Transfer to garage debt service fund
15,000
15,000
Appropriation to Central Garage
3,175
1,825
Adjust repayment schedule - Loan from S.S. Bonds 1965
549
Increase in fixed assets
1,779
17,301
Reduction of bonds payable
25,000
25,000
Reduction in amounts due other funds
9,350
4,950
Increase in working capital
57,650
19,079
Total Application of Funds
$112,503
$100,070
Increase
Increase
(Decrease)
(Decrease)
Various Elements of Net Increase in Working Capital:
Cash
$ 9,935
$ (1,349)
Accounts receivable
25,254
(14,907)
Investments
17,000
28,000
Inventory
(193)
535
Prepaid expense
(549)
(28,547)
Accounts payable
8,890
(13,771)
Due to other funds
(4,400)
49,980
Matured bonds and interest payable
1,713
(862)
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 61
$ 57,650 $ 19,079
MNUAL FINANCIAL REPORT
Form G-4
WATER UTILITY
FUND
STATEMENT OF CHANGES IN ASSETS RESTRICTED
FOR
GENERAL
BOND DEBT
SERVICE
For the Year Ended December
31, 1978
Cash
General
with
Bond
Fiscal
Debt
Total
Agent
Service
Cash Balance, January 1, 1978
$
27,671
$ 27,575
$ 96
Cash Receipts:
Transfer from operating cash
16,800
16,800
Interest earnings
500
500
Sale of investments
91000
9,000
Transfer from General Bond Debt Service cash
26,725
26,725
Total Cash Available
$
80,696
$ 54,300
$ 26,396
Cash Disbursements:
Principal payments
$
25,000
$ 25,000
$ -
Interest payments
3,438
3,438
Fiscal agents' fees
35
35
Transfer to fiscal agent
26,725
26,725
Total Disbursements
$
55,198
$ 28,438
$ 26,760
Cash Balance, December 31, 1978
$
25,498
$ 25,862
$( 364)
Investment Balance, January 1, 1978
$
9,000
$ 9,000
Deductions
91000
9,000
Investment Balance, December 31, 1978
$
-
$ -
Total Restricted Assets, December 31, 1978
$
25,498
$ 25,862
$( 364)
(Form G)
.CITY OF COLUMBIA NEIGNTS, MINNESOTA 62 ANNUAL FINANCIAL REPORT
SEWER UTILITY FUND
COMPARATIVE BALANCE SHEET
December 31, 1978 and 1977
ASSETS
Current Assets:
Cash - Treasurer's balance -- Form A -1
Investments (at cost) -- Form A -3
Accounts receivable:
Unbilled services
Due from Metropolitan Waste Control Commission
operating cost adjustment 1977
Total Current Assets
Deferred Assets:
Due from Metropolitan Waste Control Commission:
Reserve capacity
Interceptor acquisition contract
Total Deferred Assets
Total Assets
LIABILITIES, RESERVES, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
Accrued salaries payable
Accrued Social Security taxes payable
Due to Bonds of 1976 Fund
Due to Metropolitan Waste Control Commission:
operating cost adjustment (1976)
Total Current Liabilities
Deferred Credits:
Revaluation gain:
Interceptor acquisition by Metropolitan
Waste Control Commission
Retained Earnings -- Form H -1
Total Liabilities, Reserves, and
Retained Earnings
I .CITY OF COLUMBIA HEIGHTS, MINNESOTA 63
Form H
1978 1977
$ 315 $ 587
7,450 18,450
76,916 76,829
38,445
$123,126 $ 95,866
35,183
36,830
293,722
307,073
$328,905
$343,903
$452,031
$439,769
$ 228
$ 642
863
1,395
426
151
28,500
4,773
$ 30,017
$ 6,961
293,722
307,073
128,292
125,735
$452,031 $439,769
ANNUAL FINANCIAL REPORT
Form H -1
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
For the Years Ended December 31, 1978 and 1977
1978 1977
Retained Earnings, January 1 $125,735 $405,823
Add:
Net income for the year -- Form H -2 106,536 51,502
Reimbursement by Other Governmental Unit:
Prior year storm sewer construction 12,786
Total Balance and Additions
$232,271
5470,111
Deduct:
Appropriations to Capital Projects:
Fifth street storm sewer
$ 11,210
$260,000
Storm sewer projects
21,749
35,043
LaBelle park project
11,000
Central Ave. urbanization
36,125
Transfer to debt services funds
30,000
30,000
Appropriation to Central Garage
3,240
1,760
Additions to Fixed Assets
1,655
6,573
Total Deductions
$103,979
$344,376
Retained Earnings, December 31 -- Form H
$128,292
$125,735
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 64
ANNUAL FINANCIAL REPORT
Form H -2
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF REVENUE AND
EXPENSE
For the Years Ended December 31, 1978
and 1977
1978
1977
Operating Revenues:
Sewer service charges - general customers
$485,861
$447,211
and interdepartmental
Refunds and Reimbursements:
Metropolitan Waste Control Commission:
2,886
2,886
Interceptor maintenance
1,956
765
S.A.C. charge refund
Total Operating Revenues
$490,703
$450,862
Operating Expenses:
Disposal - Metro baste Control Commission
$320,683
$287,359
Add (Deduct) experience adjustment for prior years
8 445)
4,773
'
Net Disposal charges
264,238
292,132
Collections:
89,745
86'542
Personal services
20,555
15,296
'
Other services and charges
19,792
13,179
Supplies
Administration:
12,346
11,095
Personal services
8,919
6,945
Other services and charges
152
317
Supplies
Total Operating Expenses
$1115,747
$1 +25,506
Operating Income
$ 74,956
$ 25,356
Add: Non - operating Income:
180
15,284
Interest Earnings - Investment Trust Fund
Metro Waste Control Commission
8,921
8,921
t
Interest on deferred current value credit
1,298
1,557
Interest on reserve capacity deferred charges
3,304
384
Other Miscellaneous
Reimbursement from Fridley S.S. Project No. 12
17,877
Total Non - Operating Income
$ 31,580
$ 26,146
$106,536
$ 51,502
Net Income -- Form H -1
'
CITY OF COLUMBIA HEIGHTS, MINNESOTA 65
ANNUAL
FINANCIAL REPORT
Form H -3
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Years Ended December 31, 1978 and 1977
1978 1977
SOURCE OF FUNDS:
Net income -- Form H -2
$106,536
$ 51,502
Reimbursement by other Government unit:
Prior year storm sewer construction
12,786
Metropolitan Waste Control Commission:
Decrease in long -term contract receivable
13,351
4,433
Decrease in deferred receivable - Reserve capacity
charge
1,647
1,267
Decrease in working capital
278,821
Total Source of Funds
$121,534
$ 348,809
APPLICATION OF FUNDS:
Decrease in deferred credit - revaluation
gain on sale of fixed assets
$ 13,351
$ 4,433
Appropriation to Capital Projects:
Fifth street storm sewer
11,210
260,000
Storm sewer projects
21,749
35,043
LaBelle park project
11,000
Central Ave. urbanization
36,125
Transfer to debt service funds
30,000
30,000
Appropriation to Central Garage
3,240
1,760
Additions to fixed assets
1,655
6,573
Increase in working capital
4,204
Total Application of Funds
$121,534
$ 348,809
Increase
Increase
r
(Decrease)
(Decrease)
Various Elements of Net Change in Working Capital
Cash
$( 272)
$( 3,417)
Investments
(11,000)
(314,000)
Accounts receivable
87
6,608
Accounts payable
671
3_,143
Due to Bonds of 1976 fund
(28,500)
Due from /to Metro Waste Control Commission
43,218
28,845
$ 4,204 $(278,821)
CITY OF COLUMBIA HEIGHTS, MINNESOTA 66 ANNUAL FINANCIAL REPORT
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
INTRAG01"Et, MENTAL SERILITICE FUND
The Central Garage Fund is a self sustaining fund providing service
to other departments within the city and for which user fees are
paid by the using department. This fund was established in 1977.
TABLE OF CONTENTS
Page
Financial Statements:
♦Central Garage Fund:
Balance Sheet Form 1 67
Statement of changes in Municipality's
Contribution Form 1 -1 68
Statement of changes in Retained Earnings Form 1 -1 68
Statement of Operations Form 1 -2 69
See also the Notes to Financial Statements.
CENTRAL GARAGE FUND
BALANCE SHEET
December 31, 1978
ASSETS
Current Assets:
Cash - Treasurer's Balance -- Form A -1
Accounts receivable
Inventory (at cost):
Material and supplies
Total Current Assets
LIABILITIES, CONTRIBUTIONS AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
Accrued salaries payable
Accrued Social Security taxes payable
Total Current Liabilities
Contributions:
Municipality's contribution -- Form 1 -1
Retained Earnings -- Form 1 -1
TOTAL LIABILITIES, CONTRIBUTIONS
AND RETAINED EARNINGS
CITY OF COLUMBIA NE1GNTS, MINNESOTA 67
Form I
1978 1977
$ 2,979 $ 59
108 8
29,440 27,345
$ 32,527 $ 27,412
$ 724
$ 3,442
1,222
873
390
94
$ 2,336
$ 4,409
30,000 22,000
191 1,003
$ 32,527 $ 27,412
ANNUAL FINANCIAL REPORT
Form 1 -1
CENTRAL GARAGE FUND
STATEMENT OF CHANGES IN MUNICIPALITY'S CONTRIBUTION
For the Fiscal Year Ended December 31, 1978
Balance - January 1, 1978
1978 Contribution from user Funds:
General Fund
Water Utility
Sewer Utility
Balance - December 31, 1978 -- Form I
CENTRAL GARAGE FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS
For the Fiscal Year Ended December 31, 1978
Balance of Retained Earnings - January 1, 1978
Deduct:
Excess of Costs over Net Billings to Departments - -Form
Balance of Retained Earnings - December 31, 1978- -Form I
ITV OF COLUMBIA HEIGHTS, MINNESOTA 68
$ 22,000
$ 1,585
3,175
3,240
$ 30,000
$ 1,003
812
$ 191
ANNUAL FINANCIAL REPORT
Form 1 -2
CENTRAL GARAGE FUND
STATEMENT OF OPERATIONS
For the Fiscal Year Ended December 31, 1978
1978
BILLING TO DEPARTMENTS $164,451
Operating Costs:
Parts and materials
Mechanics Labor
Other services and charges
Supplies
Contractual Services
Total Operating Costs
NET BILLINGS OVER (UNDER) OPERATING COSTS
ADD: NON- OPERATING INCOME:
Sale of Materials
Net Income (Loss) -- Form 1 -1
$ 63,507
64,875
20,786
11,274
4,942
$165,384_
$( 933)
$ 121
$( 812)
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1978
Source of Funds:
Net Income
Contributions
Total Source of Funds
Application of Funds:
Increase in working capital
Total Application of Funds
1977
;125,836
$ 38,657
57,803
16,746
9,003
$124,966
$ 920
$ 83
$ 1,003
1978 1977
$( 812) $ 1,003
8,000 22,000
$ 7,188 $ 23,003
$ 7,188 $ 23,003
S 7,188 $ 23,003
Increase Increase
(Decrease) (Decrease)
Various Elements of Net Change in Working Capital:
Cash $ 2,920 $ 59
Accounts receivable 100 8
Inventory 2,095 27,345
(
Accounts payable 2,073 4,409)
I .CITY OF COLUMBIA HEIGHTS, MINNESOTA 69
$ 7,188 $ 23,003
ANNUAL FINANCIAL REPORT
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
TRUT AND AGENCl FUNDS
The Trust and Agency Funds of the city are primarily agency funds
which account for the collection of receipts for other agencies,
such as State of Minnesota building permit surcharges, Metropolitan
Waste Control Commission S.A.C. charges, state -share insurance tax:
etc. The agency funds, when collected, are then remitted to the
proper agency.
TABLE OF CONTENTS
Financial Statements:
Combined Balance Sheet
Combined Statement of Cash Receipts and
Disbursements
See also the Notes to Financial Statements.
Page
Form J 70
Form J -1 71
TRUST AND AGENCY FUNDS
COMBINED BALANCE SHEET
December 31, 1978
ASSETS
Current Assets:
Cash - Treasurer's balance (deficit)
Investments (at cost) - -Form A -3
Performance bond deposit
Accounts receivable
Accrued interest receivable
Total Assets
LIABILITIES
Current Liabilities:
State taxes withheld - payable
FICA taxes withheld - payable
Deposits
Total Liabilities
.CITY OF COLUMBIA HEIGHTS, MINNESOTA
70
Total
$(18,775)
26,000
50,000
500
20,991
$ 78,716
$ 16,297
10,919
51,500
$ 78,716
Investment
$(20,991)
20,991
Fo rm J
Escrow
$ 2,216
26,000
50,000
500
$ 78,716
$ 16,297
10,919
51,500
$ 78,716
ANNUAL FINANCIAL REPORT
Form J -1
TRUST AND AGENCY FUNDS
COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1978
CITY OF COLUMBIA HEIGHTS, MINNESOTA 71
RNNUAL FINANCIAL REPORT
Permit
Surcharge
Investment
And S.A.C.
Total
Trust
Escrow
Charges
Cash - Treasurer's Balance
$ (14,825)
$ (14,325)
$ (500)
$ -
January 1, 1978
Less: Investments allocated
from other funds
(1,800,276)
(1,800,276)
Balance
$(1,815,101)
$(1,814,601)
$ (500)
$ -
Receipts:
Gain on sale of Investments
$ 94
$ 94
$ -
$ -
Interest on investments
105,772
105,772
Purchased interest received
3,341
3,341
Sale of investments
3,351,858
3,351,858
112,637
Deferred payment-withholding taxes
112,637
3,569
Permit Surcharges collected
3,569
35,244
S.A.C. charges collected
35,244
3,050
Deposits received
3,050
Total Receipts
$ 3,615,565
$ 3,461,065
$115,687
$ 38,813
Total Cash Available
$ 1,800,464
$ 1,646,464
$115,187
$ 38,813
Disbursements:
Refund deposit
$ 1,550
2,554
$ -
2,554
$ 1,550
$ -
Purchase interest
Interest allocated to other funds
119,917
119,917
Purchase of investments
3,666,024
3,640,024
26,000
85,421
Remittance of withholding taxes
85,421
Remittance of licenses and
3,569
3,569
fees to state
Remittance of S.A.C. charge to
35,244
Metro Waste Control Commission
35,244
Total Disbursements
$ 3,914,279
$ 3,762,495
$112,971
L 38 ,813
Balance
$(2,113,815)
$(2,116,031)
$ 2,216
$ -
Add: Investments allocated to
$ 2,095,040
$ 2,095,040
$ _
$ -
other funds
Cash - Treasurer's Balance
December 31, 1978- -Form J
$ (18,775)
$ _(20,991)
$ 2,216
m
$
CITY OF COLUMBIA HEIGHTS, MINNESOTA 71
RNNUAL FINANCIAL REPORT
i
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
i ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
CAPITAL PROJECT FIJ' IDS
SPECIAL ASSESSMENT BONDS
The Permanent Improvement Revolving Fund is used to advance to
local improvement funds the cost of improvements for which
assessments are to be levied.
Capital Project Funds - Special Assessment Bonds are established
according to Chapter 8 of the home rule charter and Minnesota
Statutes, Chapter 429. They are used to record the proceeds of
bonds used to construct public improvements which, in turn, are
fully or partially assessed against individual benefited properties.
TABLE OF CONTENTS
Financial Statements:
Combined Balance Sheet
Statement of Changes in Fund Balance
Statement of Cash Receipts and Disbursements
See also the Notes to Financial Statements.
Page
Form K 72
Form K -1 73
Form K -2 74
CAPITAL PROJECT FUNDS - SPECIAL ASSESSMENT BONDS
COMBINED BALANCE SHEET
December 31, 1978
ASSETS
Current Assets:
Cash:
Treasurer's balance (deficit) --
Form A -1
Deposited with fiscal agent
Accounts receivable
Taxes receivable deferred
Special assessments receivable:
Delinquent
Deferred
Total Assets
LIABILITIES AND FUND BALANCE
Current Liabilities:
Accounts payable
Contracts payable
Deposits
Matured bonds and interest payable
Due to bonds of 1976 fund
Total Current Liabilities
Bonds Payable:
Fund Balance:
Future interest on bonds
Unappropriated
Total Liabilities and Fund
Balance
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
72
Total
$ (60)
54,158
13,774
176,800
66,142
436,962
$747,776
$ 847
60,594
8,511
54,158
1o9,800
$233,910
225,000
15,360
273,506
Form K
Permanent Permanent
Improvement improvement
Revolving Revolving
$(121,989)
13,774
66,142
436,962
$ 394,889
$ 847
60,594
8,511
109,800
$ 179,752
215,137
$747,776 $ 394,889
$121,929
54,158.
176,800
$352,887
54,158
$ 54,158
225,000
15,360
58,369
$352,887
ANNUAL FINANCIAL REPORT
Form K -1
CAPITAL PROJECT FUNDS - SPECIAL ASSESSMENT BONDS
STATEMENT OF CHANGES IN FUND BALANCE
For the Year Ended December 31, 1978
Fund Balance - Unappropriated,
January 1, 1978
Add:
Increase in assessments
Interest and penalties on special
assessments
Administration charges to projects
Direct billing for improvements
Appropriations from:
Permanent Improvement Revolving Fund
Sewer Utility Fund
State Aid Fund
General Fund
Prior year expenditures re- established
Total Balance and Additions
Deduct:
Capital project expenditures
Prior years
Current year:
Construction contracts
Other project costs
Administration costs
Deferred tax levies (1978) cancelled
Fiscal agent charges
Appropriation to Permanent Improvement
Revolving Bond Fund
Adjust assessments
Total Deductions
Fund Balance - Unappropriated,
December 31, 1978 -- Form K
.CITY OF COLUMBIA NEIGNTS, MINNESOTA
Permanent Permanent
Improvement Improvement
Revolving Revolving
Total
$ 301,526 $ 215,789 $ 85,737
208,635
208,635
33,171
33,171
30,369
30,369
126,823
126,823
112,000
112,000
32,959
32,959
96,393
96,393
4,375
4,375
580,594
580,594
$1,526,845
$1,329,108
$197,737
$ 580,594
$ 580,594
$ -
312,199
312,199
50,061
50,061
40,075
40,075
139,210
139,210
158
158
112,000
112,000
19,042
19,042
$1,253,339
$1,113,971
$139,368
$ 273,506
$ 215,137
$ 58,369
73 ANNUAL FINANCIAL REPORT
Form K -2
CAPITAL PROJECT FUNDS - SPECIAL ASSESSMENT BONDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1978
Disbursements:
Permanent
Permanent
Debt Service:
Bonds matured
$ 120,000
Improvement
Improvement
Interest expense
14,615
Revolving
Revolving
Fiscal agent charges
Total
Fund
Bond Fund
Cash -- Treasurer's balance, January 1, 1978
$ (1,481)
$(137,183)
$ 135,702
Receipts:
39,149
39,149
Special assessments:
Collected by county:
40,194
40,194
Current
Delinquent
6,024
6,024
Collected by city:
Current
68,029
68,029
Prepayments
155,037
155,037
Penalties and Interest
1,595
1,595
Billing for improvements received
113,049
113,049
$ 134,773
Administration charges to projects
30,369
30,369
$ 121,929
Grant - U.S. Department of Commerce EDA
37,525
37,525
Transfers in from:
ANNUAL
FINANCIAL REPORT
Permanent Improvement Revolving Fund
112,000
112,000
Appropriations from:
Sewer Utility Fund
32,959
32,959
State -Aid Fund
96,393
96,393
General Fund
4,375
4,375
Temporary loan from bonds of 1976 Fund
109,800
109,800
Reversal of investment trust allocation
9,000
9,000
Total Receipts
$ 816,349
$ 695,349
$ 121,000
Total Cash Available
$ 814,868
$ 558,166
$ 256,702
Disbursements:
Debt Service:
Bonds matured
$ 120,000
$ _
$ 120,000
Interest expense
14,615
14,615
158
Fiscal agent charges
158
321,538
321,538
Construction contracts payments
49,214
49,214
Other project expenditures
39,149
39,149
Administration costs
Purchase special assessments from
845
845
General Fund
Capital Project Funds
72,409
72,409
Transfer to:
Permanent Improvement Revolving
Debt Service
112,000
112,000
Repay temporary loan to bonds of 1976
85,000
85,000
Total Disbursements
$ 814,928
$ 680,155
$ 134,773
Cash -- Treasurer's balance, December 31,
$ (60)
$(121,989)
$ 121,929
1978 - -to Form K
CITY OF COLUMBIA HEIGHTS, MINNESOTA 74
ANNUAL
FINANCIAL REPORT
�HE CITY OF COLUMBIA HEIGHTS, MINNESOTA
NNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
GENERAL DEBT SER1710E FUNDS
General Debt Service Funds are used to account for the collection
of tax levies and other revenues and to record the payment of
principal and interest on outstanding General Obligation Bonds.
TABLE OF CONTENTS
Financial Statements:
Page
Combined Balance Sheet Form L 75
Statement of Changes in Fund Balance -
Unappropriated Form L -1 77
Schedule of Funding Available and Funds Form L -2 79
Required
See also Notes to the Financial Statements.
GENERAL DEBT S.ERUICE FUNDS
COMBINED BALANCE SHEET
December 31, 1978
LIABILITIES AND FUND BALANCE
Current Liabilities:
Matured bonds and interest payable $ 113,367
Fund balance -- Form L -1 451,070
Total Liabilities and Fund Balance $ 564,437
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 75 ANNUAL FINANCIAL REPORT
Total
ASSETS
Current Assets:
Cash:
Treasurer's balance -- Form A -1
$ 21,480
Deposited with fiscal agent
113,367
Investments (at cost) -- Form A -3
217,000
Taxes receivable - delinquent
2,222
Less: Allowance for uncollectible taxes
( 2,222)
Due from other funds
206,050
Due from other Gov't units
6,540
Total Assets
$ 564,437
LIABILITIES AND FUND BALANCE
Current Liabilities:
Matured bonds and interest payable $ 113,367
Fund balance -- Form L -1 451,070
Total Liabilities and Fund Balance $ 564,437
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 75 ANNUAL FINANCIAL REPORT
Form L
Capital
Park
Storm Sewer
State Aid
City Garage
Improvement
Bonds of
Bonds of
Bonds of
Bonds of
Bonds of
1962
1965
1969
1972
1976
$ 2,780
$ 6,451
$
272
$ 5,507
$ 6,470
525
57,502
55,340
28,000
61,000
10,000
57,000
61,000
389
432
365
1036
( 389)
( 432)
( 365)
( 1,036)
61,050
145,000
6,540
$ 31,305
$192,543
$
109,272
$117,847
$212.470
$ 525
$ 57,502
$
-
$ 55,340
$ -
30,780
135,041
10,272
62,507
212,470
$ 31,305
$192,543
$
10,272
$117,847
$212,470
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
76
ANNUAL FINANCIAL REPORT
GENERAL DEBT SERVICE FUNDS
STATEMENT OF CHANGES IN FUND BALANCE - UNAPPROPRIATED
For the Year Ended December 31, 1978
Fund Balance - Unappropriated, January 1, 1978, As Previously Reported
Adjustment to eliminate Deferred Taxes Receivable, Bonds Payable and
Future Interest on Bonds
Fund Balance, January 1, 1978, As Adjusted
Add:
General property taxes:
Collected by county
Current ad valorem
Delinquent ad valorem
Interest earnings - Investment Trust Fund
Appropriation from:
Water utility fund
Sewer utility fund
Total Balance and Additions
Deduct:
Bonds Matured
Interest on bonds
Fiscal agent charges
Total Deductions
Fund Balance -. Unappropriated,
December 31, 1978 -- Form L
[.CITY OF COLUMBIA NEIGNTS, MINNESOTA 77
Total
$195,357
287,336
$482,743
255,715
4,181
23,172
15,000 -
30,000
$810,811
$285,000
74,303
438
$359,741
$451,070
ANNUAL FINANCIAL REPORT
Form L-1
Capital
Park
Storm Sewer
State Aid
City Garage
Improvement
Bonds of
Bonds of
Bonds of
Bonds of
Bonds of
1962
1965
1969
1972
1976
$ 391
$ 82,427
$
42
$ 81,989
$ 30,508
33,100
53,088
20,920
(14,900)
195,178
$33,491
$ 135,515
$
20,962
$ 67,089
$225,686
27,873
46,029
20,713
161,100
732
815
686
1,948
300
5,671
26
4,800
12,375
15,000
15,000
15,000
$62,396
$ 203,030
$
20,988
$123,288
$401,109
30,000
45,000
10,000
50,000
150,000
1,575
22,905
690
10,680
38,453
41
84
26
101
186
$31,616
$ 67,989
$
10,716
$ 60,781
$188,639
$30,780
$ 135,041
$
10,272
$ 62,507
$212,470
CITY OF COLUMBIA
NEIGNTS, MINNESOTA
78
ANNUAL FINANCIAL REPORT
GENERAL DEBT SERVICE FUNDS
SCHEDULE OF FUNDING AVAILABLE
AND FUNDS REQUIRED
December 31, 1978
Cash, Investments, and Receivables
Deferred Tax Levies
Levy /Payable Years:
1978/79
1979/80
1980/81
1981/82
1982/83
1983/84
Total
FUNDING AVAILABLE
Bonds /Future Interest Payable
Bonds
Future Interest
FUNDS REQUIRED
BALANCE
[.CITY OF COLUMBIA NEWTS, MINNESOTA 79
Total
$ 451,070
307,100
365,000
362,400
306,425
146,700
152,300
$ 1,639,925
$ 2,090,995
$ 1,615,000
208,36o
$ 1, 23,360
$ 267,635
MNUAL FINANCIAL REPORT
[.CITY OF COLUMBIA HEIGHTS, MINNESOTA
THIS PAGE
LEFT BLANK.
INTENTIONALLY
m
ANNUAL FINANCIAL REPORT
'1
1
1
1
1
�1
u
II
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 311 1978
GENERAL LONG-TERM DEBT
GROUP OF ACCOUNTS
General Obliqation Bonds of the City are summarized as
follows:
General Obligation Water Bonds
Serviced by the Water Utility Fund, $ 25,000
Form G
General Obligation Special Assessment
Bonds serviced by Debt Service
Funds - Special Assessment Bonds, 225,000
Form K
General Obligation
Bonds serviced by General Debt Service
Funds 1,615,000
Form M
Total General Obligation Bonds (Form A -4) $ 1,865,000
Statement of General Long -Term Debt Form M Page 81
Form M
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1978
AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE
PAYMENT OF GENERAL LONG -TERM DEBT
Amount available in debt service funds $ 451,070
Amount to be provided by future tax levies 1,163,930
Total Available and to be Provided $ 1,615,000
GENERAL LONG -TERM DEBT PAYABLE
Serial Bonds Payable $ 1,615,000
In addition to the long -term debt exhibited in this statement, the
City of Columbia Heights has a contingent liability against its full faith
and credit on $225,000 of special assessment bonds recorded in the Capital
Project Funds - Special Assessment Bonds. The general credit of the
municipality is obligated only to the extent that liens foreclosed against
properties involved in the special assessment district are insufficient to
retire outstanding bonds. Also outstanding are $25,000 of 1965 dater General
Obligation Bonds which are recorded in and serviced by the Water Utility
Fund.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 81
ANNUAL FINANCIAL REPORT
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1978
STATISTICAL SECT101
TABLE OF CONTENTS
Page
Assessed Value and Market Value
of all Taxable Property
Table
I
82
Tax Rates
Table
II
84
City Tax Levy
Table
III
85
Tax Levies and Tax Collections
Table
IV
86
Special Assessment Collections
Table
V
86
Revenues - Other than Property Taxes
and Special Assessments
Table
VI
88
Expenditures for Selected Functions
Table
VII
88
Summary of Debt Service Requirements
to Maturity
Table
VIII
89
Statement of Legal Debt Margin
Table
IX
91
Schedule of Insurance in Force
Table
X
92
Principal City Officials and-Surety
Bonds
Table
XI
94
Miscellaneous Statistical Facts
Table
XII
95
ASSESSED VALUE AND MARKET VALUE
OF ALL TAXABLE PROPERTY
YEARS 1972 THROUGH 1977
Population
Real Property
Assessed value
Area -wide allocation:
Contribution
Distribution
Market value
Personal Property
Assessed value
Market - commercial
Total Real and Personal Property
Assessed value
Market value
Ratio of Total Assessed
Value to Total
Market value
Per Capita Valuations
Assessed value
Market value
[.CITY OF COLUMBIA HEIGHTS, MINNESOTA
1972 1973
24,079 24,079
$ 53,793,085 $ 56,287,399
1974
23,503
$ 57,049,639
$155,846,893
$162,253,840
$164,040,324
$ 1,279,733
$
1,278,820
$
1,294,472
$ 2,975,380
$
2,973,256
$
3,010,400
$ 55,072,818
$
57,566,219
$
58,344,111
$158,822,273
$165,227,096
$167,050,724
:3467
:3484
:3492
$ 2,287
$
2,391
$
2,482
$ 6,596
$
6,862
$
7,108
82
RNNUAL FINANCIAL REPORT
e
Table I
(1) 1975 and subsequent, property values include net amount allocated
pursuant to the ''fiscal disparities law '', Laws 1971 Extra Session,
Chapter 24, from area -wide (metropolitan) ''pool ''.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 83
ANNUAL FINANCIAL REPORT
1975 (1)
1976
1977
1978
23,316
22,324
21,890
21,300
$
62,748,967
$
67,746,917
$
68,981,490
$
71,691,406
$(
850,697)
$(
850,697)
$(
1,491,381)
$(
1,400,000)
$
2,619,939
$
2,355,131
$
3,311,002
$
2,377,093
$181,360,401
$198,140,355
$219,125,884
$248,901,043
$
1,230,101
$
1,220,899
$
1,213,202
$
1,221,501
$
2,860,700
$
2,839,300
$
2,821,400
$
2,840,700
$
65,748,310
$
70,472,250
$
72,014,313
$
73,800,000
$184,221,101
$200,979,655
$221,947,284
$251,741,743
:3569
:3506
:3245
:2932
$
2,820
$
3,157
$
3,290
$
3,465
$
7,901
$
9,003
$
10,139
$
11,819
(1) 1975 and subsequent, property values include net amount allocated
pursuant to the ''fiscal disparities law '', Laws 1971 Extra Session,
Chapter 24, from area -wide (metropolitan) ''pool ''.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 83
ANNUAL FINANCIAL REPORT
Table II
TAX RATES
YEARS
1969 THROUGH
1978
Fiscal
Metro
Year
City
School
County
Council
Other (B)
Total
1969
60.10
180.74
59.28
1.28
308.20
1970
65.08
209.33
63.05
1.41
338.87
1971
66.77
211.08
62.78
1.43
342.06
1972
66.59
162.66
67.59
5.01
301.85
1973
20.14
49.88
19.81
1.79
.74
92.36 (A)
1974
20.10
53.49
18.47
2.52
.99
95.54
1975
22.40
54.12
19.96
4.42
.60
101.50
1976
21.75
49.16
19.73
2.73
.69
94.06
1977
20.41
47.26
19.84
3.00
.61
91.12
1978
22.13
46.53
22.02
2.73
.59
94.00
(A) Determination
of
assessed
valuation
calculation
changed by state
law
enacted in 1971, Extra
Session,
Chapter 31,
as amended
(B) Rice
Creek Watershed and 1/3
mill for the Housing and Redevelopment
Authority
CITY OF COLUMBIA HEIGHTS,
MINNESOTA
aMINUAL
FINANCIAL REPORT
Table III
CITY TAX LEVY
YEARS 1969 THROUGH 1978
(A) All for Storm Sewer Construction except 1976 the $100,000
is for settlement of Sullivan Lake law suit.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 85
ANNUAL FINANCIAL REPORT
City
Bonds
Fiscal
Levy
General
Police
Fire
Civil
and
Year
Total
Fund
Relief
Relief
Defense
Interest
Other (A)
1969
$ 836,234
$ 722,434
$ 20,800
$ 20,800
$ 2,000
$ 55,000
$ 15,000
1970
935,177
822,177
22,500
22,500
3,000
55,000
10,000
1971
1,134,670
972,960
30,150
24,000
11,000
81,560
15,000
1972
1,105,517
846,967
50,000
30,000
11,000
152,550
15,000
1973.
1,120,000
874,967
67,000
36,085
10,600
117,200
15,000
1974
1,156,540
899,045
67,000
42,700
17,000
115,795
15,000
1975
1,331,715
1,101,925
65,850
46,000
4,000
113,940
1976
1,429,510
896,270
66,000
47,000
20,24o
300,000
100,000
1977
1,441,044
1,069,044
66,300
47,000
35,700
223,000
1978
1,583,156
1,188,556
78,500
47,000
8,600
260,500
(A) All for Storm Sewer Construction except 1976 the $100,000
is for settlement of Sullivan Lake law suit.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 85
ANNUAL FINANCIAL REPORT
Year
Collected
1974
1975
1976
1977
1973
Total Tax
Levy*_
$ 874,954
1,022,810
1,139,340
1,136,825
1,220,013
TAX LEVIES AND TAX COLLECTIONS
Years 1974 Through 1978
Collections
of Current
Year's Taxes
During Fiscal
Period
$ 863,795
995,242
1,117,070
1,123,704
1,186,640
Percentage
of Levy
Collected
During Fiscal
Period
Collection
of Prior
Year's Taxes
During Fiscal
Period
Total
Collections
98.7
$ 10,136
$ 873,931
97.3
16,563
1,011,805
98.0
18,377
1,135,447
98.8
22,470
1,146,174
97.3
16,687
1,203,327
Tax levy has been adjusted by the 45% forgiveness (property .tax replacement)
which is a revenue from other agencies and has been incorporated into Table VI
SPECIAL ASSESSMENT COLLECTIONS
Years 1975 Through 1978
Current Special
Assessments Collected
Percentage of
Current Collected
During Fiscal
Period
$ 49,149
Current Special
Fiscal
Assessment Becoming Due
Period
During Fiscal Period
1975
$ 90,045
1976
107,784
1977
114,673
1978
107,635
Current Special
Assessments Collected
Percentage of
Current Collected
During Fiscal
Period
$ 49,149
54.6%
60,320
56.0%
70,635
61.6%
68,029
63.2%
Information for a limited numbers of years is presented as undo effort would be
required to reconstruct this information from the prior system of record keeping.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 86
MNUAL FINANCIAL REPORT
:e
Delinquent Specials
Collected During
Fiscal Period (A)
$ 71,642
67,434
65,345
46,218
Total Special
Assessments Delinquent
At End of Fiscal Period
$ 116,642
111,221
98,553
66,142
Table IV
Table V
Deferred Special Assessments
Collected Balance Fund
Fiscal Period of Fiscal Period
$ 75,305 $ 372,361
206,197 388,565
104,930 388,481
155,037 436,962
(A) The City bills the property owner directly when a special assessment installment
becomes due. If the installment becomes delinquent, it is certified to the county
for inclusion on the following years property tax statement and is shown as a
delinquent collection.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 87
ANNUAL FINANCIAL REPORT
Ratio
Accumulated
Ratio
Delinquent
of Total
Accumulated
Taxes to
Collections
Delinquent
Current Year
to Tax Levy
Taxes
Tax Levy
.9988:1
$ 56,751
.0648:1
.9892:1
66,224
.0647:1
.9965:1
70,606
.0619:1
1.0082:1
59,211
.0520:1
.9863:1
64,287
.0527:1
Delinquent Specials
Collected During
Fiscal Period (A)
$ 71,642
67,434
65,345
46,218
Total Special
Assessments Delinquent
At End of Fiscal Period
$ 116,642
111,221
98,553
66,142
Table IV
Table V
Deferred Special Assessments
Collected Balance Fund
Fiscal Period of Fiscal Period
$ 75,305 $ 372,361
206,197 388,565
104,930 388,481
155,037 436,962
(A) The City bills the property owner directly when a special assessment installment
becomes due. If the installment becomes delinquent, it is certified to the county
for inclusion on the following years property tax statement and is shown as a
delinquent collection.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 87
ANNUAL FINANCIAL REPORT
I
k
f
Fiscal
Yea r
1969
1970
1971
1972
1973
1974
1975
1876
1977
1978
Revenue From
Other Agencies
$ 428,538
667,175
514,253
817,715
1,285,224
1,070,363
1,304,408
1,635,915
1,883,756
2,059,462
REVENUES - OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENTS
Years 1969 Through 1978
Use of Money
and Property
$ 52,557
20,421
9,420
44,535
37,473
112,407
89,266
172,632
144,293
135,292
Charges for
Service and
Other Revenue
$160,929
294,685
282,148
311,790
312,824
329,122
341,341
295,683
342,277
313,456
Licenses
and
Permits
$40,016
35,278
41,438
33,823
37,216
41,259
47,807
62,079
71,228
76,870
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1969 Through 1978
Fines and
$ 8,573
22,821
19,920
13,557
21,68o
20,181
29,573
47,096
50,406
38,191
Fiscal
Year
General
Government
Public
Safety
Public
Works
Sanitation
Library
1969
$152,933
186,954
$ 398,874
468,848
$299,088
317,633
$ 78,805
166,834
$ 49,588
60,186
1970
1971
203,817
490,800
325,901
175,458
78,807
1972
226,527
605,120
357,504
196,700
75,500
1973
353,833
685,606
391,057
186,850
77,300
1974
311,850
860,723
457,316
208,752
82,500
1975
310,540
860,723
457,316
224,569
147,851
103,280
1976
1977
374,191
406,864
875,714
981,059
511,377
577,072
227,055
233,598
109,635
1978
424,527
1,070,279
606,541
246,957
121,968
Table VI
Profits of
Enterprises
$321,956
341,996
287,261
238,732
308,080
361,747
298,283
261,837
127,166
175,885
Table VII
Parks and
_ - - - - a
$249,785
400,795
291,204
333,047
369,402
420,323
463,877
512,066
537,332
676,027
1 1 CITY OF COLUMBIA HEIGHTS, MINNESOTA 88 ANNUAL FINANCIAL REPORT
SUMMARY OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1978
$1,640,000 $209,234
CITY OF COLUMBIA HEIGHTS, MINNESOTA 89
Special
Assessment Bonds
Principal Interest
$ 120,000 $ 8,465
50,000 4,365
50,000 2,315
5,000 215
$ 225,000 $ 15,360
&NNUAL FINANCIAL REPORT
General
Obligation
Bonds
Principal
Interest
1979
$ 310,000
$ 64,562
1980
285,000
53,357
1981
320,000
42,108
1982
340,000
29,157
1983
245,000
15,010
1984
140,000
5,040
$1,640,000 $209,234
CITY OF COLUMBIA HEIGHTS, MINNESOTA 89
Special
Assessment Bonds
Principal Interest
$ 120,000 $ 8,465
50,000 4,365
50,000 2,315
5,000 215
$ 225,000 $ 15,360
&NNUAL FINANCIAL REPORT
Table VIII
Total
Principal Interest Total
$ 430,000 $ 73,027 $ 503,027
335,000 57,722 392,722
370,000 44,423 414,423
345,000 29,372 374,372
245,000 15,010 260,010
140,000 5,040 145,040
$1,865,000 $224,594 $2,089,594
CITY OF COLUMBIA HEIGHTS, MINNESOTA 90 ANNUAL FINANCIAL REPORT
I
n
n
u
n
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1978
Assessed Value
Debt Limit 6.67% of Assessed Value (Note A)
Amount of Debt Limit Applicable to Debt Limit:
Total bonded debt
Less Note B:
General obligation water bonds $ 25,000
Special assessment bonds 225,000
Total Debt Applicable to Debt Limit
Legal Debt Margin
$ 1,865,000
250,000
Table IX
$ 73,800,000 *
$ 4,922,460
$ 1,615,000
$ 3,307,460
Note (A) :
M.S.A. Section 475.53 (Limit on Net Debt)
"Subdivision 1. Generally. Except as otherwise provided in sections 475.51 to
475.70, no municipality, except a school district or a city of the first class,
shall,incur or be subject to a net debt in excess of 6.67 percent of the assessed
value."
Note (B) :
M.S.A. Section 475.51 Definitions:
'Subdivision 4. 'Net Debt' means the amount remaining after deducting from its
gross debt the aggregate of the principal of the following:
(1) Obligations issued for improvements which are payable wholly or partly from
the proceeds of special assessments levied upon property specially benefitted
thereby, including those which are general obligations of the municipality
issuing them, if the municipality is entitled to reimbursement in whole or in
part from the proceeds of the special assessments.
(2) Warrants or orders having no definite or fixed maturity.
(3) Obligations payable wholly from the income from revenue - producing
conveniences.
(4) Obligations issued to create or maintain a permanent improvement revolving
fund.
(5) Obligations issued for the acquisition, and betterment of public water -works
systems, and public lighting, heating or power systems and of any combination
thereof or for any other public convenience from which a revenue is or may be�
derived.
(6) Amount of all money and the face value of all securities held as a sinking
fund for the extinguishment of obligations other than those deductible under this
subdivision."
Includes valuation from "fiscal disparity" legislation; Minnesota laws 1971,
Extra Session, Chapter 24. See Table I.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 91 ANNUAL FINANCIAL REPORT
SCHEDULE OF INSURANCE IN FORCE
December 31, 1978
Type of Coverage
All Risk Coverage under the Public and
Institutional Property Policy
(90% Coinsurance -$500 Deductible)
Central Avenue On Sale
40th Avenue Liquor Store
University Avenue Liquor Store
Policy Period
from to
1 -1 -78 12 -31 -78
Building
or Structure Contents
$ 15,000
45,000
55,000'
$ 115,000
(90% Coinsurance -$500 Deductible)
City Hall
$1,200,000
$ 200,000
Library
508,450
167,200
City Garage
846,800
80,000
Liquor Store - Central
323,635
73,800
Liquor Store -40th Avenue
67,000
6,600
Liquor Store - University Avenue
109,600
9.990
Community Center
545,300
27,500
Parks (7)
484,150
1,800
Well House -La Belle Park
2,550
Bandstand
12,600
Bath House - Silver Lake
30,300
Warming Houses - Silver Lake
9,400
Lift Stations (3)
10,050
Water Tower
285,600
Pump Stations (2)
54,200
45,950
Warehouse- Cement
7,500
1,100
Warehouse -Metal
3,800
Water Meter Vault
3,000
$4,500,935
$ 616,940
($100 Deductible)
Personal property consisting of road construction
equipment, maintenance equipment and other equip-
ment stored in municipal buildings
($500 Deductible on Police and Fire only)
Personal property consisting of motor vehicles
I CITY OF COLUMBIA NEI6MTS, MINNESOTA 92
$ 648,040
$ 455,484
ANNUAL FINANCIAL REPORT
Type of Coverage
Boiler expolsion
Workmen's Compensation
Comprehensive Auto Liability
Bodily Injury
Property Damage
Uninsured Mororists
Automobile Physical Damage
Comprehensive Bus Liability
Bodily Injury
Property Damage
Uninsured Motorists
Comprehensive General Liability*
Bodily Injury
Property Damage
Statutory Liquor Legal Libility
Table X
Policy Period
from to
1 -1 -78 12 -31 -78 $100,000 per accident (City
Hall, Field House, Municipal
Service Building.)
1 -1 -73 12 -31 -73 Statutory
1 -1 -78 12 -31 -78
1 -1 -78 3 -31 -73
4 -13 -78 12 -31 -73
$50/300,000
$ 50,000
$25/ 50,000
$35/300,000/200,000 ($500
deductible on Police and
Fire vehicles)
$100/300,000
$ 50,000
$ 25/ 50,000
1 -1 -78 12 -31 -78
$300,000 ($250 Deductible)
$ 50,000
1 -1 -78 12 -31 -78 $300,000
The comprehensive general liability - includes the following additional coverages:
(a) Personel injury coverage to include false arrest, libel, slander, wrongful
entry or eviction or invasion of right of privacy (b) Loss of business income
(c) All employees as additional insureds (d) Comprehensive glass and neon sign
breakage (e) Miscellaneous property floater.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 93
ANNUAL FINANCIAL REPORT
Name
Mayor and Council:
Bruce G. Nawrocki
E. "Sebe" Heintz
Kenneth E. Hentges
Walter S. Logacz
Gayle R. Norberg
Administration:
Robert S. Bocwinski
Timothy Yantos
John E. Schedler
Ronald Kalina
Earl Gustafson
George Brown
Mildred Carlson
Stuart Anderson
Donald Johnson
Max Thomas
Arden Hovland
Martin Gavic
R.E. Petersen
Gunner Pettersen
(open)
Mitch DeMars
Donald Jolly
John Murzyn
Linda Hansen
PRINCIPAL CITY OFFICALS
AND SURETY BONDS
Year Ended December 31, 1978
Official Title
Mayor
Councilman
Councilman
Councilman
Councilman
Table XI '
Amount of
Surety Bond
City Manager
Administrative Assistant
City Clerk- Treasurer - Finance Director- $ 25,000
Liquor Operations Manager
City Attorney
Public Works Director
City Engineer
City Assessor $ 25,000
Chief of Police
Chief of Fire
(A) Liquor Store Manager $ 25,000
Building Inspector
Plumbing Inspector
Heating Inspector
Electrical Inspector
City Planner
Street Superintendent
Water and Sewer Superintendent
Park Superintendent
Recreation and Community Services Director
In addition to the positions lised above where bond amounts appear, the
City has a $5,000 Faithful Performance Blank Position Bond on all City
employees.
(A) Similar coverage for Assistant Liquor Store Manager.
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 94
ANNUAL FINANCIAL REPORT
17
7
I
u
u
11
MISCELLANEOUS STATISTICAL FACTS
1978
Date of Incorporation
Date of Adoption of City Charter
Form of Government
Fiscal Year Begins
Area of City
Miles of Streets and Alleys:
Trunk Highways
County
Other
Alleys
Miles of Sewers:
Storm Sewers
Sanitary Sewers
Watermain Miles
Building Permits:
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
Estimated Cost:
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
I.CITY OF COLUMBIA HEIGHTS, MINNESOTA 95
Table X1
March 14, 1898
July 21, 1921
Council- Manager
January 1
3.52 Square Miles
3.0
6.2
57.8
15.9
32.6
59.8
65.6
552
655
613
518
529
485
608
595
658
687
$ 1,864,357
1,251,172
4,044,282
2,180,740
2,032,525
2,916,519
3,148,524
3,412,415
4,701,644
6,996,678
ANNUAL FINANCIAL REPORT
MISCELLANEOUS STATISTICAL FACTS (CONTINUED)
Fire Protection:
Number of Stations
Number of Employees:
Full time
Volunteer
Police Protection:
Number of Stations
Number of Employees
Parks:
City Parks
Playground
County Park
Schools:
Senior High
Junior High
Elementary
Parochial Elementary
Employees: (as of December 31, 1977)
Regular
Part time
Temporary
Elections:
Registered voters - last general election
Number of votes cast last general election
Percentage of registered voters voting
Population:
1900
1920
1930
1940
1950
1960
1965 (mid- decade census)
1970 (census)
1972
1973
1974
1975
1976
1977
1973
I CITY OF COLUMBIA HEIGHTS, MINNESOTA g6
Table X1
1
23
13
1
1
1
2
5
1
102
44
12
158
11,682
8,368
71.6%
123
2,968
5,613
6,035
8,175
17,533
23,283
23,997
24,079
24,079
23,503
23,316
22,324
21,890
21,300
MNUAL FINANCIAL REPORT