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FINANCIAL
REPORT
OF THE
CITY OF
COLUMBIA HEIGHTS, MINNESOTA 55421
590 FORTIETH AVENUE N.E.
FOR THE YEAR ENDING
DECEMBER 31, 1979
FINANCE DEPARTMENT
JOHN E. SCHEDLER, FINANCE DIRECTOR
MEMBER OF MUNICIPAL FINANCE OFFICERS' ASSOCIATION
OF THE UNITED STATES AND CANADA
telephone: 788 -9221 (612)
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HE CIT�INA' O COLUMBIA HEIGHTS, MINNESOTA
NNUA ��dd'IAL EPQRT
EAR ENDED BECEMEER 1, 1919
TABLE OF CONTENTS
Page
I. INTRODUCTORY SECTION
Reference
Number
Administrative Organization
Finance Directors Letter of Transmittal
1
Auditors Report
9
II. FINANCIAL SECTION
A. General Purpose Financial Statements
Combined Balance Sheet - All Fund Types and
Account Groups
Form A
10
Combined Statement of Revenues, Expenditures,
And Changes in Fund Balances - All
Governmental Fund Types
Form A -1
12
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances Budget and
Actual - General and Special Revenue Fund
Types
Form A -2
14
Combined Balance Sheet - All Proprietary
..
Fund Types
Form A -3
16
Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings - All
Proprietary Fund Types
Form A -4
18
Combined Statement of Changes in Financial
Position - All Proprietary Fund Types
Form A -5
20
Notes to Financial Statements
22
B. Combining and Individual Fund and
Account Group Statements and Schedules
General Fund
Form B
28
Special Revenue Funds
Form C
37
HE CITX OF COLUM REPJRT IA HEIGHTS, MINNESOTA
NNUAINA�ICIAL
EAR iNtDED IIECEMBER 1, 1919
Debt Service Funds
Form
D
45
Capital Projects Funds
Form
E
50
Special Assessment Funds
Form
F
54
Enterprise Funds:
Table
IV
97
Municipal Liquor Fund
Form
G
56
Water Utility Fund
Form
H
69
Sewer Utility Fund
Form
I
77
Internal Service Fund:
Table
VII
99
Central Garage Fund
Form
J
84
Trust and Agency Funds
Form
K
89
Statement of General Fixed Assets
Form
L
91
Statement of General Long -term Debt
Form
M
92
III. STATISTICAL SECTION
Assessed Value and Market Value of all
Taxable Property
Table
I
93
Tax Rates
Table
II
95
City Tax Levy
Table
III
96
Tax Levies and Tax Collections
Table
IV
97
Special Assessment Collections
Table
V
97
Revenues - Other than Property Taxes
and Special Assessments
Table
VI
99
Expenditures for Selected Functions
Table
VII
99
Statement of Legal Debt Margin
Table
VIII
100
Summary of Debt Service Requirements
to Maturity
Table
IX
101
DEPARTMENTS DIVISIONS
er�'e
ref Regular
G� Reserves
Regular
Volunteers POLICE
Reserves
Accounting
City Clerk
Elections
Utility Billing
Collections
Liquor
Bar
No. 2 Off Sale
No. 3 Off Sale
Y .
FIRE
FINANCE
Inspections
Licenses & Permits ADMINISTRATIV
Planning SERVICES
Assessing
Engineering
Streets
Water Maintenance
Sewer Maintenance
Parks - Admin. &
Maintenance
Central Garage
PUBLIC
WORKS
LIBRARY
GENERAL
GOVERNMENT
BUILDINGS
LEGAL
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY
MANAGER
ADMINISTRATIVE
ORGANIZATION
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
MAYOR
COUNCIL
MEMBERS
ELECTORS) 1
RECREATION
� INDEPENDENT
COMMUNITY
SCHOOL DIS-
SERVICES
TRICT #13
COMMISSION
COMMISSIONS AND BOARDS
Planning and Zoning
Recreation b Community
Services
Park
Traffic
RECREATION b
HRA
COMMUNITY
Library
SERVICES
Human Services
Police & Fire Civil
Service
Charter
Downtown Development
ANNUAL FINANCIAL REPORT
HE CIT OF COLUM IA HEIGHTS, MINNESOTA
NNUA t' I NAC I AL KEP RT
EAR LNDED BECEMBER L 1979
Combining Schedule of Bonds Payable
Table
X
103
Schedule of Investments
Table
IX
105
Schedule of Cash and Security for Deposit
Table
XII
107
Schedule of Insurance in Force
Table
XIII
109
Principal City Officials and Surety Bonds
Table
XIV
111
Mi'scellaneous Statistical Facts
Table
XV
112
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ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1979
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 Director
William Stawarski City Accountant
L ITy OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
CITY ,4 m ® OF CITY OF COLUMBIA HEIGHTS
IM
tApril
24 , 1980
Mr. Robert S. Bocwinski
City Manager
1
City of Columbia Heights
Dear Mr. Bocwinski:
The annual financial report of the City of Columbia Heights, Minnesota
.for the year ended December 31, 1979 is submitted herewith. The organiz-
ation, form and contents of this report were prepared in accordance with
standards prescribed by the Municipal Finance Officers Association of
the United States and Canada, the American Institute of Certified Public
Accountants, State Auditor's Office, State of Minnesota, and the City
Charter. The format has been modified from prior years to incorporate
changes recommended by the National Council on Governmental Accounting in
Statement 1 of Governmental Accounting, Auditing, and Financial Reporting
which incorporates pertinent aspects of Audits of State and Local Govern-
mental Units.
The report consists of three sections: Section I is the introduc-
1
tory section and contains the Table of contents, Letter of Transmittal,
Administrative organization and Auditors report. Section II is the
financial section and contains the general purpose financial statements,
notes to financial statements and the combining and individual fund and
account group statements and schedules. Section III is the statistical
section and contains comparative statistical tables "and data having re-
ference value for citizens and investors.
ACCOUNTING SYSTEM AND REPORTS
The City 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 un-
related activities.
The City's accounting records are maintained on the accrual, or
modified accrual basis, as appropriate. 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
Bruce G. Nawrocki, Mayor
E. "Sebe" Heintz, Councilmember Walter Logacz, Councilmember
Gayle R. Norberg, Councilmember 1 Kenneth E. Hentges, Councilmember
EQUAL OPPORTUNITY EMPLOYER
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.
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
establishment 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
Internal Services Funds are presented with comparative information to
1978.
CITY FINANCIAL ACTIVITY HIGHLIGHTS DURING 1979
* The payment of $503,050 in principal and interest of scheduled bond
maturities.
* Interest earnings were at an all•time high totaling $181,797.
* General Fund revenues exceeded expenditures and encumbrances by
$336,703.
* Substantial completion of capital projects in 1979:
Widen and pave 5th Street & 38th Avenue $ 197,068
Curb and Mat on 42 1/2 Avenue. 225,547
Prestemon building and basketball Court 81,178
GENERAL FUND
On December 31, 1979 the fund balance of the General Fund totaled
$1,312,026 of which $92,517 is appropriated for the 1980 budget. This
leaves an unappropriated fund balance which is adequate, but it should
be pointed out that this represents a working capital for general opera-
tions that is used extensively during the first seven months until current
taxes and state aids are received.
The following table shows previous year -end General Fund balances,
as compared to adopted budget of following year.
Total of Appropriated and
Unappropriated Fund Balance
General Beginning of Year
Fund Budget Amount % of Budget
1975
2,179,705
107,376
4.9
1976
2,329,365
292,898
12.6
1977
2,549,629
591,399
23.2
1978
2,917,260
863,828
29.6
1979
3,078,785
957,562
31.1
1980
3,407,235
1,312,026
38.5
CITY OF COLUMBIA BEIGHTS, MINNESOTA 2
ANNUAL FINANCIAL REPORT
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Estimated and actual revenues for the current year are presented in Form
B -2. Revenues received for general government operations totaled $3,184,365
in 1979 an increase of $323,721 or 8.4% over the previous year. The following
table presents an analysis of the major revenue sources of the General Fund
for 1979 and its change from 1978.
From the above table, it is apparent that the major sources available
for funding the general operations is the property tax (32.8 %) and inter-
governmental revenue (49.4 %), 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 follow-
ing table summarized the City's status in complying with the law for 1979 and
1978:
Levy Limit base
Less: State aids applicable to levy limitations
Leby limit before special levies
Plus: Special levies allowed:
Debt service
Other
1979 1978
$ 2,171,007 $ 2,042,551
(1,143,302) (985,7].6)
$ 1,027,705 $ 1,056,835
245,000 260,500
491,568 265,821
Total
1979
Percent
Increase (Decrease)
Revenue Source
Amount
of Total
from 1978
$
General Property Taxes
$ 1,044,380
32.6%
$ 103,061
Licenses and Permits
78,164
2.5
1,294
Intergovernmental Revenue
1,571,727
49.4
179,431
Charges for Services
334,401
10.5
32,430,
Fines and Forfeits
49,067
1.5
10,876
Miscellaneous Revenue
90,481
2.8
21,876
Expenditure Reimbursements
15,321
•5
(25,698)
Transfers - In
824
-
451
Totals
$ 3,184,365
100.0%
$ 323,721
From the above table, it is apparent that the major sources available
for funding the general operations is the property tax (32.8 %) and inter-
governmental revenue (49.4 %), 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 follow-
ing table summarized the City's status in complying with the law for 1979 and
1978:
Levy Limit base
Less: State aids applicable to levy limitations
Leby limit before special levies
Plus: Special levies allowed:
Debt service
Other
1979 1978
$ 2,171,007 $ 2,042,551
(1,143,302) (985,7].6)
$ 1,027,705 $ 1,056,835
245,000 260,500
491,568 265,821
Total
allowable levy
$
1,764,273
$
1,583,156
Total
levy certified
$
1,631,608
$
1,583,156
CITY OF COLUMBIA HEIGHTS, MINNESOTA 3 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 1977
through 1979 was as follows:
City's taxable value:
Personal property
Real estate
Sub -total
1977
$ 1,220,899
67,746,917
$68,967,816
1978
$ 1,213,302
68,981,490
$70,194,692
1979
$ 1,221,501
71,601,406
$72,822,907
Areawide allocation:
Contribution to "pool" $ (850,697) $(1,085,236) $(1,491,381)
Distribution from "pool" 2,355,131 2,641,684 3,311,002
Net Increase $ 1,504,434 $ 1,556,448 $ 1,819,621
Combined Value $70,472,250 $71,751,140 $74,642,528
Actual taxes received from the fiscal disparities allocation amounted
to $70,023 in 1979, to $52,756 in 1978, and $51,268 in 1977. This rep-
resents a small amount of property tax relief to Columbia Heights taxpayers.
It should be remembered that, regardless of how much "new revenue" is re-
ceived 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 establised to receive gasoline
tax apportionments from the state which are used to construct state -aid
streets. In 1979, apportionments and interest earnings of $177,053 were
received. The fund balance, now dedicated to construction of state -aid
streets, at December 31, 1979 is $218,752.
CITY OF COLUMBIA NEIGIITS, MINNESOTA 4
ANNUAL FINANCIAL REPORT
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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 appro-
priations to cover the period from January 1, 1977 to September 30, 1980. The
following table reflects the use of Revenue Sharing through December 31, 1979:
Fund
Revenue Sharing Interest Capital Balance
Revenue Earnings Total Projects Operations Total Year End
1972 $120,859 $ - $120,859 $ - $ - $ - $12q,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 2261692 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
1979 176,635 9,584 186,219 118,947 18,189 137,136 115,143
In 1980 it is estimated that the City will receive $121,487 in revenue
sharing payments and $5,000 interest earnings. The adopted 1980 budget includes
$28,000 for general operations and $74,275 for capital projects, leaving an
estimated fund balance of $117,263 as of December 31, 1980.
The C.E.T.A. Funds recorded employment of people under two programs -
C.E.T.A., and C.E.T.A. Title II. A total of $93,651 was received to fund these
activities in 1979.
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
1979 revenues of $159,082 exceeded expenditures by $16,474 thus increasing the
fund balance to $28,555.
FIXED ASSETS
The general fixed assets of the City are those fixed assets used in the
performance of general governmental functions, but exclude the fixed assets of
the proprietary funds. As of December 31, 1979, the general fixed assets of
the City thus far recorded amount to $7,429,495. This amount represents the
original cost of land, buildings and equipment and is considerably less than
their present value. Depreciation of the general fixed assets is not re-
cognized, as is customary in municipal accounting, in the City's accounting
system, but depreciation of assets is recognized in the proprietary funds
for rate setting purposes, etc.
An appraisal of buildings, structures and equipment (excluding vehicles
for which the City had cost information) was accomplished in 1979. These
values plus the original assessed cost of water and sewer lines were estab-
lished on the City's accounting records. In 1980 further work is planned
to develope values for roads, curbs and gutters and similar assets that are
immovable and incorporate these values into the General Fixed Asset group of
accounts. Replacement values for insurance purposes were also established
from the appraisal.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 5 ANNUAL FINANCIAL REPORT
ENTERPRISE FUNDS
Liquor Operation
Total sales were $1,220,567 an increase from 1978 of $155,674. Total
net income was $100,346 an increase of $46,540 from 1978. Net income for
all locations increased with the bar recording the largest gain over the
previous year of $23,789, while No. 2 increased $4,985 and No. 3 increased
$15,926.
WATER UTILITY
The Water Utility Fund had a 1979 net operating loss of $23,775, on a
$8,899 decrease in (revenue) compared to a net income of $10,621 in 1978.
The August 1979 9.1% rate increase only partially offset increased operat-
ing costs and a Minneapolis rate increase of 6.7% on January 1, 1979. A
further Minneapolis rate increase as of December 1979 amounted to 14.6 %.
In 1979 a volume decrease of 4,244,100 cu. ft. to an annual usage of
79,853,300 cu. ft. was experienced. The volume level fell to its lowest
point in the past 6 years. In addition, the fund transferred $40,909 to
Debt Service Funds.
SEWER UTILITY
The Sewer Utility Fund with a very slight decrease in revenue had a
net loss of $43,986 in 1979 compared to a net income of $47,278 in 1978.
The 11.5% increase in MWCC disposal charges and 12.4% increase in operating
costs were only partially offset by a 10% user rate increase August 1, 1979,
additionally appropriations from retained earnings were made - $30,000
to Debt Service Funds and $3,269 to construction projects.
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds are used to finance and account for the
construction and financing of certain public improvements such as residential
streets, storm sewers, sanitary sewers, and water mains which are to be
paid for wholly or in part from special assessments levied against benefited
property. The Special Assessment Funds are also used to account for assess-
ments levied against the individual property owners which are usually paid
in installments over a period of years. During 1979, the City assessed
$168,484 of benefits to property owners.
Of the $307,100 deferred tax levies scheduled for collection.in 1979,
$62,100 was cancelled. A tax levy of $245,000 was made and 99.0% of the
levy was collected in 1979.
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 with the establish-
ment of fixed assets and related depreciation for the garage in 1979, re-
tained earnings has a deficit balance of $29,818 as of December 31, 1979.
Depreciation, although not considered in past years, will be a factor in
future user rates.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 6
ANNUAL FINANCIAL REPORT
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TRUST AND AGENCY FUNDS
Investment Trust Fund
The Investment Trust Fund was created in 1974 to record all investment
transactions except direct investments of bonds of the City purchased 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.
Based on month end statistics, an average of 100% of total cash for all
funds was invested throughout the year. Interest rates were substantially
higher in 1979 than in preceeding years and the average amount of idle funds
increased only slightly in 1979. Interest earnings for the past five years
is as follows:
Year Earnings Yield
1974 $101,498 -
1975 87,612 8.34%
1976 121,051 7.750
1977 114,186 5.69%
1978 119,918 6.29%
1979 181,797 9.21%
The 1979 earnings were distributed to the following funds:
General $ 69,262
Revenue Sharing 9,635
Municipal State -Aid Street 5,455
Capital Improvements 49,265
Debt Service 17,455
Liquor 21,270
Water 9,455
181,797
NEW LEGISLATION
The 1978 Minnesota Legislature enacted Chapter 787 to standardize and
improve municipal financial reporting. Beginning in 1979 the fiscal year of
all Minnesota cities is the calendar year. Also, cities failing to meet the
new financial reporting requirements will have the State Auditor's Office or
its appointee prepare their financial statements. Fees for this service will
be withheld from the City's share of Municipal State Aid. This report meets
or exceeds all state reporting requirements.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 7 ANNUAL FINANCIAL REPORT
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ACKNOWLEDGEMENTS
I 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. Stawarski, City Accountant, who assisted in preparing
this report; to Jackie and Sue for their precise typing of this document.
Respectfully submitted,
f
John E. Schedler
Finance Director
I CITY Of COLUMBIA NEIGHTS, MINNESOTA 8
ANNUAL FINANCIAL REPORT
GEORGE M. HANSEN COMPANY
Certified Public Accountants
SOUTH PLAZA BUILDING
MINNEAPOLIS, MINNESOTA 55416
' ACCOUNTANTS' REPORT
The City Council
City of Columbia Heights, Minnesota
We have examined the accompanying financial statements of the various funds
and account groups of the City of Columbia Heights for the year ended
December 31, 1979, listed in Section II -A of the table of contents. Our
examination was made in accordance with generally accepted auditing standards,
and accordingly included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the aforementioned financial statements present fairly the
financial position of the various funds and account groups of the City of
Columbia Heights at December 31, 1979, and the results of °operations of such
funds and the changes in financial position of the proprietary funds for the
year then ended, in conformity with generally accepted accounting principles
applied on a basis consistent with that of the preceding period.
The accompanying supplemental schedules and related information, listed in
Section II -B of the table of contents, are not necessary for a fair presentation
j' of the financial statements, but are presented as additional analytical data.
This information has been subjected to the tests of other auditing procedures
applied in the examination of the financial statements mentioned above and, in
our opinion, is 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.
April 16, 1980
�II
9
JUN 2 199C
GEORGE M. H A N S E N COMPANY MANAGER City of
Certified Public Accountants Columbia Heights
175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100
MINNEAPOLIS, MINNESOTA 55416
546 -2566
May 30, 1980
The City Council
City of Columbia Heights
590 40th Avenue N. E.
Columbia Heights, Minnesota 55421
Gentlemen:
During the course of our examination, we make certain observations which we feel
will be of interest to you. These observations, of course, refer only to those
areas to which our audit work extended.
It is our responsibility to comment on the internal control of operations.
Internal control is defined as the segregation of duties so that no one employee
has complete control over an entire transaction. Good internal control suggests
that the work of one employee becomes an automatic check on the work of another
employee.
The comments which follow are not criticisms of the present system, but rather
suggestions for improvement based upon both our experience and our observations
of similar situations in other governmental entities.
INTERNAL CONTROL AND RELATED MATTERS
Data Processing
We strongly suggest that the City look into a new data processing system in the
City's operations. With the present system considerable time and effort are
being expended needlessly due to the manual work required. There are also instances
where work is duplicated under the present system. An example of this is in the
recording of disbursements. All checks are typed and recorded on a listing for
the Council, and then the same information is recorded on the City's financial
records. Both of these functions should be done at the same time.
Special assessment records could be set up on the new system, and the present card
system could be eliminated. Now, each.time a property owner is assessed or makes
a payment on an assessment his card must be located and pulled from the file in
order to record the assessment or payment. If the records were maintained on a
computerized system, none of this work would be necessary. The payment or assess-
ment need only be recorded and the computer would apply the information to the
customers account automatically.
Utility billing and collection reporting is now being done through Anoka County.
These functions could also be incorporated into a system so the City would have
complete control over all billing and collection records. This way there no longer
would be any time lag in receiving data, as is the case with the County.
The City Council
City of Columbia Heights
May 30, 1980
Page 2
INTERNAL CONTROL AND RELATED MATTERS (CONTINUED
Data Processing _(C_ontinued)
These are some areas where we feel a new data processing system could be of help.
Efficiency would be increased greatly and current staff members might have time
to take on additional responsibilities.
Contract Change Orders
All contract change orders should be authorized by Council action. The contractor's
name, project and change order amount should be included in the Council minutes.
Council should review the procedures for change orders to contracts and the
authorization of additional construction work.
Proaerty Records
The City now maintains a detailed record of all its furniture and equipment based
upon the physical inventory of all the city's property by American Appraisals. In
an effort to verify the information presented by American Appraisals the City should
assign numbers to all the assets listed and tag each asset with the number. At the
time tags are being affixed, any additional items found should be noted and also
included in the detailed records. Any items that don't belong should.be deleted.
Water and sewer utility fixed assets and accumulated depreciation records are also
now being maintained by the City. A detailed listing of all water equipment and
mains was prepared. However, the detail of the sewer lines was not known at year
end, so the amount was estimated. We suggest that a detailed analysis of sewer
line costs be prepared in the coming year in order to substitute the estimate
and provide a detail to the fixed assets record.
Liquor Store Operations
Change Fund - Presently, the three liquor store operations share a $10,000 change
fund which is shifted from store to store at random. Control would be improved if
each store were to have a fixed amount for its change fund. If it is necessary to
have a large change fund for only one or two days, it should be redeposited for the
remainder of the time and withdrawn only when needed. The liquor stores do not have
adequate safeguards for safekeeping large amounts of cash.
Cash Registers - Control would be improved if new cash registers were used in all
liquor stores. The proper reporting of sales depends on the totals accumulated by
the cash registers. If the cash register totals cannot be relied upon as being
accurate, this would reflect in inaccurate sales figures. With three stores there
should be a consistent format for recording transactions on the cash registers.
This cannot be done with the current cash registers.
The City Council
City of Columbia Heights
May 30, 1980
Page 3
INTERNAL CONTROL'AND RELATED MATTERS (CONTINUED)
Liquor Store Operations (Continued)
Cash Registers (Continued)
We suggest the City investigate the purchase of cash registers rather than leasing
them. In many cases we have found the rental payments far exceeded the cost.
Purchasing on an installment basis would require the same outlay of funds, but the
ownership would be the City's.
OTHER MATTERS
Special Revenue Funds
The City maintains a separate fund for CETA. These activities could be accounted
for within the General Fund. In 1979 the Civil Defense Fund was closed to the
General Fund; consideration should also be given to doing the same with CETA
activities.
We would be pleased to discuss these suggestions further with you and assist with
any changes you may wish to make. We also wish to express our thanks for the
courtesy and assistance extended to us during the course of our examination.
JGM : gmd
Field work completed April 16, 1980.
Very truly yours,
GEORGE M. HANSEN COMPANY
e J. Gregory urphy
HE CIT OF COLUM IA HEIGHTS, MINNESOTA
NNUAL TINA CIAL KET
EAR LNDED 1979
GEA''ERAL PURPOSE
FININCIAL STATEMENTS
These General Purpose Financial Statements are part of the
Comprehensive Annual Financial Report, presenting only aggregate
data by fund type and account group, together with notes to the
financial statements and constitutes "fair presentation in con-
formity with generally accepted accounting principles."
It is felt that these General Purpose Financial Statements will be
a benefit to users requiring less detailed information about our
City's finances.
TABLE OF CONTENTS
Combined Balance Sheet - All Fund Types and
Account Groups Form A
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - All
Governmental Fund Types Form A -1
Combined Statement of Revenues, Expenditures,
-and Changes in Fund Balances - Budget and
Actual - General and Special Revenue Fund
Types Form A -2
Combined Balance Sheet - All Proprietary
Fund Types Form A -3
Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings - All Proprietary
Fund Types Form A -4
Combined Statement of Changes in Financial Position
- All Proprietary Fund Types Form A -5
Notes to Financial Statements 10-01
Page
10
12
14
16
18
20
22
_A
8
$r
i
w
s
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1979
Fora A
®
6,074
Government fund Types
227,580
275.394
229,220
Account
Groups
Totals
(Memorandum Only)
A
ASSETS.
20,991
2,672,299
142,200
Special
Proprietary Fiduciary
General
General
Decem- Decem-
138,206
132,698
Special
General Revenue
Debt
Service
Capital
Projects
j---
Assess-
ments
Fund Fund
'
Fixed
Long -Term
ber 31, bar 31,
11,314)
Cash
S 50,129 $ 12,817
$ 8,165
-- --
$ 5,418
$ 4,184
S 34,067 $(40,627)
0,62
Assets
$ -
Debt
1979 1978
Cash with fiscal aLl gent
288,308
53,182
$ -
$ 74,153 $ 252,677
39
at cost
902,444 110,000
315,000
570,000
367,450 80,000
341,490 167,525
=
Receivables
Receivables (net of allowances
2,344,894 8.102,490
O for uncollectahles)s
000 Accounts receivable
' Unbilled accounts receivable
Special assessments receivable
Accrued interest receivable
Due from other funds
Due from other governmental units
Inventory of supplies, at cost
Restricted assets.
p Cab
Cawh with fisral agent
Defertrd receivables:
'1%sxes receivable
Accounts receivable
Special assessments receivable
Contacts receivable
Land
Buildings
Allowance for depreciation
Improvements other than buildings
Allowance for depreciation
Office furniture and equipment
Allowance for depreciation
Machinery and equipment
Allowance for depreciation
= Axnunt available in Debt Service Funds
Amovint to be provided for retirement
W_ of general long -term debt
1,337 2,115
47,814
346,500 95,700
19,920 276,885
70,018
117,600
411,494
2,122 500
6,074
82,916
227,580
275.394
229,220
10,767
80,785
74,915
43,196
43.1%
20,991
2,672,299
142,200
206,050
17,502
314,307
322,815
138,206
138,206
132,698
(1,642,178)
(164)
25,875
25,875
25,862
33,953
312,457
96,544
402,231
(114,125)
4,523,480
(1,642,178)
2,116
(1,462)
416,101
(.293,233)
Total Assets $1,368,144 $401,817 122Z,_173 $575,418 656 478 54,561,453 S 83,069
Z
�7
CJ
M
117,600 176,800
911,135 911,135 1,163,930
57,345,689 51,330,000 $17,029,211 816,561,922
� � ® � ® ® r ® ® ® M ® ® ® ® ® ® M
33,953
35,183
411,494
436,962
312,457
293022
3,055,657
3.154,201
2072►247
2,672,299
3,074,530
3,006,643
(114.125)
(103,4691
126,584
4,650,064
4,501,048
(1,642,178)
(1,563,751)
618,780
620,896
614,558
(1,462)
11,314)
872,369
1,288,470
1,218,693
(293,233)
(268,395)
418,865 418,865
451,070
911,135 911,135 1,163,930
57,345,689 51,330,000 $17,029,211 816,561,922
� � ® � ® ® r ® ® ® M ® ® ® ® ® ® M
M. M M= ® = ® ® ® *= = mm
n
O
P
C
i
Z
3C
30
: LIABILITIES AND FUND EQUITY
Z Liabilities:
r" Accounts payable
9 Contracts payable
Accrued liabilities
Matured bonds and interest payable
Due to other governmental units
Du^ to other fLnds
Deferred revenue
Bonds payable
Deposit's
Deferred credit
Total Liabilities
Fund Equity:
Contributed capital
Investment in general fixed assets
Retained earnings
Fund balances:
Reserve for future interest
on bonds
Appropriated
Unappropriated
Total Fund Equity
Z Total Liabilities and
i Equity
P
Z
a
Z
n
P
Z
�1
Farm A
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (Continued)
December 31, 1979
Government Fund Types Totals
Account Groups
(Memorandum Only)
Special Proprietary Fudiciary General General Decem- Decem-
Special Debt Capital Assess- Fund Fund Fixed Long -Term ber 31, ber 31,
General Revenue Service Projects ments Type Type Assets Debt 1979 1978
$ 21,581 $ 8,894 $ - $ 1,320 $ - $ 11,400 $ - _ ' 's 69,38
22,318 65,363 87,681 221,783
28,808 2,925 17,499 49,232 27,249
288,308 53,182 25,875 367,365 193,387
25,237 31,519 56,756 58,363
5,729
21,500 317,000 103,700 442,200 206,050
5,729 5,247
105,000 1,330,000 1,435,000 1,865,000
8,511 51,550 60,061 60,011
312,457 312,457 268,358
56,118 33,319 288,308 _ 23,638 549,056 496,168 83,069 - 1,330,000 2,859,676 $2,974,831
3,848,502 - - - 3,848,502 3,718,786
7,345,689 7,345,689 6,989,573
216,763 216,783 267,819
92,517
6,895 6,895 15,360
9,934 102,451
1,219,509 368,498 418,865 551,780 90,593 2,649,245 2,595,553
1;312,026 368,498 418,865 551,780 107,422 4,065,285 - 7,345,689 - 14,169,565 13,587,091
$1,368,144 $401,817 $707,173 $575,418 $656,478 14,561,453 $83,069 $7,345,689 $1,330,000 $17,029,241 $16,561,922
The notes to the financial statements are
an integral part of this statement.
L
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES - ALL GOVERNMENTAL FUND TYPES
FOR THE YEAR ENDED DECEMBER 31, 1979
GENERAL
REVENUES:
General property taxes
$1,044,380
Homestead credit
348,450
Special assessments
Licenses and permits
78,164
Fines and forfeitures
49,067
Interest and rents
87,855
Intergovernmental revenues
1,223,277
Charges for services
334,401
Other revenue
17,947
Sale of land
Total Revenues
3,183,541
OTHER FINANCING SOURCES:
Transfers from other funds
824
Total Revenues and Other Financing Sources
3,184,365
EXPENDITURES:
Current:
General government
412,095
Public safety
1,096,252
Public works
479,119
Sanitation
255,693
Library
130,172
Parks and recreation
328,852
Other
62,822
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
2,765,005
OTHER USES:
Transfers to other funds:
82,657
Total Expenditures and Other Uses
2,847,662
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER USES
336,703
FUND BALANCES - JANUARY 1
957,562
EQUITY TRANSFERS IN (OUT)
17,761
FUND BALANCES - DECEMBER 31
$1,312,026
The notes to the financial statement are an
intergral part of this statement.
CITY OF COLUMBIA .NEI6MTS, MINNESOTA 12
SPECIAL
REVENUE
15,090
524,357
19,892
559,339
72,190
631,529
119,170
142,364
128,331
389,865
170,386
560,251
71,278'
308,938
(17,761)
$ 362,455
ANNUAL FINANCIAL REPORT
Form A -1
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 13
ANNUAL FINANCIAL REPORT
TOTALS
DEBT
CAPITAL
SPECIAL
(MEMORANDUM ONLY)
SERVICE
PROJECTS
ASSESSMENT
1979
1978
$ 245,734
$ -
$ -
$1,290,114
$1,207,660
348,450
363,143
168,484
168,484
281,044
78,164
76,870
49,067
38,191
26,976
49,265
40,441
219,627
168,463
1,747,634
1,717,109
354,293
312,068
12,921
22,919
53,787
214,137
382,673
272,710
62,186
231,844
4,309,620
4,761,358
45,000
3,852
184,122
305,988
491,976
317,710
66,038
415,966
4,615,608
5,253,334
531,265
665,731
1,096,252
977,265
479,119
488,555
255,693
246,957
130,172
117,414
471,216
446,378
64,130
126,952
184,037
118,736
524,672
771,739
1,056,487
285,000
285,000
285,000
64,092
143
64,235
74,741
349,092
118,736
588,945
4,211,643
4,542,565
823
253,866
359,003
349,915
118,736
588,945
4,465,509
4,901,568
(32,205)
(52,698)
(172,979)
150,099
351,766
451,070
604,478
273,506
2,595,554
2,245,373
(1,585)
$ 418,865
$ 551,780
$ 100,527
$2,745,653
$2,595,554
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 13
ANNUAL FINANCIAL REPORT
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCE - BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED DECEMBER 31, 1979
The notes to the financial statement are an
integral part of this statement.
[CITY OF COLUMBIA NEIGNTS, MINNESOTA 14 ANNUAL FINANCIAL REPORT
GENERAL FUND
Variance
Budget
Actual
Over (Under
REVENUES:
General property taxes
$1,048,378
$1,044,380
$ (3,998)
Homestead credit
348,450
348,450
Licenses and permits
56,150
78,164
22,014
Fines and forfeitures
41,200
49,067
7,867
Interest and rents
34,900
87,855
52,955
Intergovernmental revenue
1,211,022
1,223,277
12,255
Charges for services
329,380
334,401
5,021
Other Revenue
16,525
17,947
1,422
Total Revenues
3,086,005
3,183,541
97,536
OTHER FINANCING SOURCES:
Transfers from Other Funds
824
824
Total Revenues and other
Financing sources
3,086,005
3,184,365
98,360
EXPENDITURES:
General government
4361275
412,095
(24,180)
Public safety
1,143,300
1,096,252
(47,048)
Public works
528,645
479,119
(49,526)
Sanitation
256,160
255,693
(467)
Library
132,330
130,172
(2,158)
Parks and recreation
325,585
328,852
3,267
Other
173,443
62,822
(110,621)
Capital outlay
Total Expenditures
2,995,738
2,765,005
(230,733)
OTHER USES:
Transfers to other funds
83,047
82,657
(390)
Total Expenditures and
Other Uses
3,078,785
2,847,662
(231,123)
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES AND OTHER USES
7,220
336,703
329,483
FUND BALANCES - JANUARY 1
957,562
957,562
EQUITY TRANSFERS IN (OUT)
17,761
17,761
FUND BALANCES - DECEMBER 31
$ 964,782
$1,312,026
$ 347,244
The notes to the financial statement are an
integral part of this statement.
[CITY OF COLUMBIA NEIGNTS, MINNESOTA 14 ANNUAL FINANCIAL REPORT
SPECIAL REVENUE FUNDS
Variance
Budget Actual Over (Under)
9,000
15,090
407,390
524,357
15,900
19,892
432,290
559,339
70,890
72,190
503,180
631,529
10,000
119,170
159,195
142,364
178,100
128,331
347,295
389,865
129,000 170,386
476,295 560,251
26,885 71,278
308,938 308,938
(17,761)
$335,823 $362,455
6,090
116,967
3,992
127,049
1,300
128,349
Form A -2
TOTALS
(MEMORANDUM ONLY)
109,170
446,275
Variance
Budget
Actual
Over (Under)
$1,048,378
$1,044,380
$ (3,998)
348,450
348,450
(49,526)
56,150
78,164
22,014
41,200
49,067
7,867
43,900
102,945
59,045
1,618,412
1,747,634
129,222
345,280
354,293
9,013
16,525
17,947
1,422
3,518,295
3,742,880
224,585
70,890
73,014
2,124
3,589,185
3,815,894
226,709
109,170
446,275
531,265
84,990
1,143,300
1,096,252
(47,048)
528,645
479,119
(49,526)
256,160
255,693
(467)
132,330
130,172
(2,158)
(16,831)
484,780
471,216
(13,564)
173,443
62,822
(110,621)
(49,769)
178,100
128,331
(49,769)
42,570
3,343,033
3,154,870
(188,163)
41,386
212,047
253,043
40,996
83,956
3,555,080
3,407,913
(147,167)
44,393
34,105
407,981
373,876
1,266,500
1,266,500
(17,761)
$ 26,632 $1,300,605 $1,674,481 $ 373,876
LCITX OF COLUMBIA HEIGHTS, MINNESOTA 15
ANNUAL FINANCIAL REPORT
.s
-=
$ 11,242
r�+
Form A -3
Current Assets:
COMBINED BALANCE SHEET - ALL PROPRIETARY FUND
TYPES
$ 12,392
Investments at cost
December 31, 1979
t Receivables (net of allowances
987
A
2,122
Internal
Totals
r°
Enterprise
Service
(Memorandum Only)
3
Water Sewer
Central
92,768
W
s
Liquor Utility Utility
Garage
December 31, December 31,
ASSETS
Fund Fund Fund
Fund
1979 1978
$ 3,840
$ 11,242
r�+
$ 34,067
Current Assets:
100,000
Cash
$ 12,392
Investments at cost
260,000
t Receivables (net of allowances
987
z for uncollectables):
2,122
UW
w Accounts receivable
1,016
o Unbilled accounts receivable
741
Special assessments receivable
229,220
Due from other governmental units
171,263
Inventory of supplies, at cost
92,768
Restricted assets:
2,521,539
Cash
64,653
h,
a' Cash with fiscal agent
38,445
Total Current Assets
366,176
Deferred Receivables:
138,206
Accounts receivable
-
Contracts receivable
29,814
Total Deferred Receivables
-
Fixed Assets:
$ 2,041,673
Land
16,735
Buildings
169,390
c Improvements other than buildings
63,289
r° Office furniture and equipment
1,375
Machinery and equipment
74,290
a
33,953
35,183
Total
325,079
312,457
293,722
Less: Allowance for depreciation
172,460
■�
�i
Net Fixed Assets
152,619
Total Assets
$ 518,795
$ 3,840
$ 11,242
$ 6,593
$ 34,067
$ 39,033
100,000
7,450
367,450
272,450
100
987
19
2,122
3,018
144,295
83,285
741
227,580
229,220
10,767
171,263
63,912
10,767
8,773
2,521,539
17,502
64,653
17,502
38,445
2,467
956,404
42,971
138,206
132,698
1,634,244
1,574,797
29,814
3,391,474
(364)
25,875
$ 2,041,673
$ 79,397
25,875
25,862
287,344
120,466
49,583
823,569
749,135
-
33,953
-
33,953
35,183
312,457
312,457
293,722
346,410 - 346,410 328,905
45,223
36,586
-
98,544
98,544
208,787
24,054
402,231
402,231
2,160,893
2,299,298
4,523,480
4,418,767
741
2,116
1,956
106,636
171,263
63,912
416,101
412,318
2,521,539
2,531,201
64,653
5,442,472
5,333,816
887,295
956,404
34,839
2,050,998
1,936,927
1,634,244
1,574,797
29,814
3,391,474
3,396,889
$ 1,921,588
$ 2,041,673
$ 79,397
$ 4,561,453
$ 4,474,929
M M M ® ® M ®® M M M M m' M r M M M.
COMBINED BALANCE SHEET - ALL PROPRIETARY FUND TYPES (Continued)
O
O December 31, 1979
r
C
Sewer
Utility
3
Fund
Fund
00
2,204
17,499
s
25,875
25,875
25,862
25,237
LIABILITIES AND FUND EQUITY
Liquor
x
25,000
Fund
1
8,000
25,237
62,450
�^
Current Liabilities:
47,428
14,562
Accounts payable
$ 5,314
re
Accrued liabilities
7,234
z
r"
Payable from restricted assets:
41,250
Matured bonds and interest
s
General obligation bonds
Due to other governmental units
51,700
41,250
Due to other funds
-
353,707
Total Current Liabilities
12,548
1,886,315
94,653
3,848,502
3,718,786
(55,119)
(204,527)
(.29,818)
Other Liabilities:
267,819
1,812,415
Deferred credit
_
4,065,285
Reserve for general debt service
Due to other funds
Total Other Liabilities
-
:1
z
c
a
r
s
z
s
z
n
Jim
r-
O
�v
Fund Equity:
Contributions _
Retained earnings (Deficit) 506,247
Total Fund Equity 506,247
Total Liabilities and
Enterprise
Water
Sewer
Utility
Utility
Fund
Fund
Form A-3
Internal Totals
Service (Memorandum Only)
Garage December 31, December 31,
Fund 1979 1978
$ 1,370
$ 358
$ 4,358
$ 11,400
$ 45,439
4,991
3,070
2,204
17,499
11,859
25,875
25,875
25,862
25,237
25,000
10,450
44;000
8,000
25,237
62,450
22,256
37,850
67,923
47,428
14,562
142,461
168,266
-
312,457
-
312,457
293,722
41,250
(25,364)
41,250
51,700
41,250
312,457
-
353,707
320,058
1,867,534
1,886,315
94,653
3,848,502
3,718,786
(55,119)
(204,527)
(.29,818)
216,783
267,819
1,812,415
1,681,788
64,835
4,065,285
3,986,605
Fund Equity $ 518,795 $ 1,921,588
The notes to the financial statements are
an integral part of this statement.
$ 2,041,673 L79.397 $ 4,561,453 $ 4,474,929
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - ALL PROPRIETARY FUNDS TYPES
FOR THE YEAR ENDED DECEMBER 31, 1979
OPERATING REVENUES:
Sales
Cost of sales
Gross Profit
OPERATING EXPENSES:
Personal services
Other services and charges
Supplies
Source of supply /Disposal charges
Total Operating Expenses
OPERATING INCOME BEFORE DEPRECIATION
DEPRECIATION
OPERATING INCOME (LOSS)
OTHER INCOME (EXPENSE):
Interest income
Interest expense
Other income (expense) - net
Total Other Income (Expense)
Net Income (Loss)
Transfers to other funds
Reclassify reserve
RETAINED EARNINGS (DEFICIT)
AT BEGINNING OF YEAR
RETAINED EARNINGS (DEFICIT)
AT END OF YEAR
The notes to the financial statements are
an integral part of this statement.
l CITY OF COLUMBIA NEIGNTS, MINNESOTA 18
LIQUOR
$ 1,220,567
800,721
419.846
251,052
78,842
9,811
339,705
80,141
8,940
71,201
21,270
7,875
29,145
100,346
405,901
$ 506,247
WATER
$ 483,861
483,861
128,914
38,378
18,200
288,872
474,364
9,497
43,437
(33,940)
10,652
(2,351)
1,864
10,165
(23,775)
(40, 909)
18,405
(8,840)
$ (55,119)
ANNUAL FINANCIAL REPORT
1
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1
1
1
1
1
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1
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1
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1
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FPxm A -4
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
19 ANNUAL FINANCIAL REPORT
TOTALS
CENTRAL
(MEMORANDUM ONLY)
SEWER
GARAGE
1979
1978
$ 490,349
$ 115,767
$ 2,310,544
$ 2,149,300
800,721
692,060
490,349
115,767
1,509,823
1,457,240
104,945
71,783
556,694
525,900
47,018
31,628
195,866
162,466
18,293
7,817
54,121
57,673
320,003
608,875
542,050
490,259
111,228
1,415,556
1,288,089
90
4,539
94,267
169,151
58,960
41894
116,231
116,760
(58,870).
(355)
(21,964)
52,391
14,360
46,282
27,265
(1,710)
(4,061)
(1,971)
2,234
291
12,264
28,329
14,884
291
54,485
53,623
(43,986)
(64)
32,521
106,014
(33,269)
(74,178)
(137,848)
18,405
214,609
(127,272)
(291754)
240,035
57,260
$ (204,527)
$ (29,818)
$ 216,783
$ 240,035
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
19 ANNUAL FINANCIAL REPORT
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUND TYPES
FOR THE YEAR ENDED DECEMBER 31, 1979
(-CITY OF COLUMBIA HEIGHTS, MINNESOTA 20
ANNUAL FINANCIAL REPORT
LIQUOR
WATER
SOURCES OF WORKING CAPITAL:
Operations:
Net income (loss) $
100,346
$ (23,775)
Items not requiring (providing) working capital:
Depreciation
8,940
43,437
Loss- disposal fixed assets
345
Contributions
Working Capital Provided by Operations
109,631
19,662
Decrease in long term contract receivable
Increase in deferred credit - revaluation MWCC
Decrease in deferred receivable- reserve capacity
Water tower sur -tax
18,405
Total Sources of Working Capital
109,631
38,067
USES OF WORKING CAPITAL:
Additions to property and equipment -net
4,869
1,354
Reduction of due to other funds
10,450
Decrease deferred credit - revaluation gain
Increase long -term contract receivable MWCC
Transfers to other funds
40,909
Total Uses of Working Capital
4,869
52,713
INCREASE (DECREASE) IN WORKING CAPITAL $
104,762
$ (14,646)
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL:
Cash $
(13,016)
$ (6,491)
Accounts receivable
(1,657)
(6,152)
Investments
90,000
5,000
Inventory
(6,868)
(1,155)
Prepaid expense
Accounts payable
36,303
(4,748)
Due to other funds
(11100)
Due from /to Metro Waste Control Commission
Net Increase (Decrease) in Working Capital S
104,762
$ (14,646)
The notes to the financial statements are
an integral part of this statement.
(-CITY OF COLUMBIA HEIGHTS, MINNESOTA 20
ANNUAL FINANCIAL REPORT
Form A -5
TOTALS
CENTRAL
(MEMORANDUM ONLY)
SEWER
GARAGE
1979
1978
$
(43,986)
$
(64)
$
32,521
$ 106,014
58,960
4,894
116,231
116,760
345
2,088
2,088
8,000
14,974
6,918
151,185
230,774
9,398
9,398
13,351
28,133
28,133
1,230
1,230
3,219
18,405
48,602
53,735
6,918
208,351
295,946
6,275
2,088
14,586
74,651
10,450
9,350
9,398
9,398
13,351
28,133
28,133
30,000
70,909
68,764
73,806
2,088
133,476
166,116
$
(20,071)
$
4,830
$
74,875
$ 129,830
$
10,927
$
3,615
$
(4,965)
$ 27,332
7,356
(89)
(542)
17,386
95,000
74,000
13,530
5,507
1,250
(549)
(11911)
(4,226)
25,418
93
(15,500)
(8,000)
(24,600)
(32,900)
(20,943)
(20,943)
43,218
$
(20,071)
$
4,830
$
74,875
$ 129,830
CITY OF COLUMBIA HEIGHTS,
MINNESOTA 21
ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS
December 31, 1979
Note 1 SUMMARY OF SIGNIFICANT ACCOUNT POLICIES
Basis of Accounting. The General Fund, Special Revenue Funds,
and Debt Service Funds are maintained on the modified accrual
basis of accounting. All other funds use the accrual basis of
accounting.
Under the modified accrual basis of accounting, transactions are
recorded in the following manner:
A. Revenues are recognized at the time cash is, or normally
should be, received or when susceptible to accrual (measur-
able and available), although not yet received in cash.
Substantially all sources of revenue are accrued, except
interest on special assessments receivable, which is recog-
nized when due.
B. Expenditures are recognized when a liability is incurred,
except for interest on long -term debt which is recognized
when due.
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
overdraft 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, includes
accrued interest receivable, which results in a cash overdraft
in the fund of a like amount.
CITY OF COLUMBIA NEIONTS, MINNESOTA 22
ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
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.
The Minicipal 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 G,
reflects a receivable of $774 due as of December 31, 1979.
Inventories. Inventories are stated at an average cost for
Liquor and on a FIFO basis for Water and Central Garage.
Fixed Assets and Depreciation. Additions to fixed assets in
Governmental Funds are recorded as an expenditure of the applic-
able fund in the year in which the asset is purchased, and are
capitalized at cost in the General Fixed Asset Account Group.
Depreciation is not recorded on these assets.
Fixed assets of the Proprietary Funds are recorded at cost.
Depreciation is provided on the straight -line method. The
following table,summarizes depreciable lives by type of property:
Year
Buildings 40 -50
Mains and lines 50 -100
Structures 5 -20
Equipment 5 -20
Fixed assets are recorded on a historical cost basis using
actual cost for all assets except buildings and equipment for
which a cost was developed from a 1979 appraisal. Certain
"improvements other than buildings" have been excluded from our
General Fixed Assets. These assets included such items as roads,
bridges, curbs and gutters, sidewalks and drainage systems which
are immovable and have value.only to the City.
Taxes. The county remits tax collections in a manner that ident-
ifies 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.
CITY Of COLUMBIA REICHTS, MINNESOTA 23 ANNUAL FINANCIAL REPORT
1
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Note 2 METROPOLITAN WASTE CONTROL COMMISSION
A. Interceptor Acquisition Contract. As of January 1, 1971,
the Metropolitan Waste Control Commission (MWCC) assumed
ownership of all existing interceptors and treatment works.
Under the terms of the agreement with the MWCC, the City
is to be reimbursed for the value at the time of transfer
of such facilities.
The current value receivable represents the value of the
facilities acquired by the MWCC, and was determined to be
$400,533 at the date of takeover by the MWCC. This amount is
being amortized through credits received against annual sewer
service billings from the MWCC over a thirty -year period with
interest at 4 %.
Prior to 1979 the City received credits against MWCC billings
totaling $178,176, of which $78,678 was treated as a reduction
of principal. During 1979 the City received a credit of $22,272,
of which $9,398 was a reduction of principal. As of December 31,
1979, a balance of $312,457 remained to be collected over the
next twenty -one years.
B. Reserve Capacity. The City was required to advance funds to
the MWCC for deferments of reserve capacity costs granted to
other communities. The balance of this receivable from the
MWCC at December 31, 1979 was $33,953 and is collectible
over the next eleven years. During 1979, the City received
$2,356 related to this receivable, of which $1,230 represent-
ed a reduction of principal.
Note 3 APPROPRIATED OR RESERVED FUND EQUITY
Fund equity in the various funds have been appropriated or re-
served for the following purposes:
General Fund:
1980 Budget $92,517
Recreation and Community
Services Fund:
1980 Budget $19,700
Note 4 GENERAL FIXED ASSETS
Changes in the General Fixed Assets Group of Accounts during
1979 were as follows;
Balance Balance
Jan 1, 1979 Additions Retirements Dec: 31, 1979
Land $2,873,703 $ 181,954
Buildings and structures 2,686,693 112,190
Furniture, Fixtures and
office equipment 612,602 6,178
Machinery and equipment 816,575 55,794
Total $5,989,573 $ 356,116
CITY OF COLUMBIA MEIGRTS, MINNESOTA 24
$ - $ 3,055,657
2,798,883
618,780
872,369
$ _ $ 7,345,689
ANNUAL FINANCIAL REPORT
Note 5
Note 6
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
LONG -TERM DEBT '
The long term debt obligations outstanding at year -end are
summarized as follows:
Interest December 31,
Bonds Maturities Rates 1979
General bonds 1980 - 1984 3.50 -4.60% $1,330,000
Special Assessment bonds 1980 - 1982 4.10 -4.30% $ 105,000
Changes in bonds payable during 1979 are summarized as follows:
Balance Balance.
Jan 1, 1979 Retired December 31, 1979
General bonds $1,640,000 $310,000 $ 1,330,000
Special Assessment bonds 225,000 120,000 105,000
Total $1,865,000 $430,000 $ 1,435,000
City Special Assessment Bonds are backed by the full faith,
credit and taxing power of the City, and are carried as debt
of the Special Assessment Funds. All ad valorem levies for
the permanent Improvement Revolving Fund Bond issue has been
cancelled to date, and sufficient cash has been transferred
from the P.I.R. Fund which collects all special assessments.
Approximately 20% of the ad valorem levies for the remaining
three General obligation issues were cancelled in 1979 because
of cash transfers from utility funds, City of Hilltop agreement
payment, interest earnings and /or sufficient sinking fund balances.
VACATION AND SICK PAY
The City compensates all employees upon termination for unused
vacation up to a maximum based upon length of service. The
expense for vacation pay is recognized when payment is made.
The accumulated liability for unpaid vacation benefits at
December 31, 1979 was approximately $82,848 (9912 hours).
City employees are entitled to sick leave at the rate of eight
(8) hours for each calendar month of full -time service. Sick
pay is expensed as paid. In addition, there is a contingent
liability for unused sick leave earned, approximately $344,268
(39,200) hours which would be payable in the event sickness
ocurred or upon termination, 1/3 of earned sick leave (maximum
40 days) would be paid. Certain job classifications would be
entitled the 1/4 payment of earned sick leave only if term-
ination 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 earned shall be granted as addition-
al 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.
CITY W EnLHUBla OrldUTS NINNESOTA 2 5 ANNUAL FINANCIAL REPORT
J
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Note 7 RETIREMENT PLANS
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 pension plan for all regular fire fighters hired prior 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). By agreement the Fire Relief Association
was split into two divisions - paid and volunteers as of January
1, 1978.
The City levies annually and applies state aid for pension
contributions to the associations. In 1979 the amounts were:
Levy State -Aid Total
Police Relief (9) $ 78,500 $ 36,571 $ 115,071
Fire Relief - Paid (7) 23,311 23,689 47,000
Fire Relief -
Volunteer (20) 7,004 7,004
$101,811 $ 67,264 $ 169,075
The pension levy meets the minimum requirements of the Police
and Firemen's Relief Association Guidelines Act of 1969, which
became effective July 1, 1971 and which required that contribu-
tions shall cover the normal cost plus interest at 5% of the
unfunded liability. In accordance with the Police and Firemen's
Relief Associations Guidelines Act of 1969 as amended by Laws
of Minnesota 1978, Chapter 563, and 1978 levy payable in 1979
includes an amount for the amortization of the unfunded pension
liability by the year 2005. In prior years_, as allowed by State
law, contributions did not provide for the amortization of the
unfunded liability.
The following schedule of accrued liabilities was obtained from
the latest acturial surveys dated December 31, 1978:
Funded
(Unfunded)
Funded Accrued Accrued
Reserves Liability Liability
Police Relief $704,989 $2,136,394 $(1,431,405)
Fire Relief - Paid 413,519 1,169,353 ( 755,834)
Fire Relief - Volunteer 379,886 216,101 163,785
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 quali-
fying as temporary or seasonal employees or those public safety
police and fire personnel covered by the relief associations. The
City's contribution for the coordinated plan (PERA and Social
Security) to PERA is equal to 5..5% of the total salary of each
.CITY OF COLUMBIA NEIGHTS, MINNESOTA 26 JLNNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
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 %). The pension cost including
amortization of estimated prior service cost was $118,575
for the period ended December 31, 1979. 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
with full funding required by the year 1997, 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 deter-
minable.
The City's contribution to the Federal Insurance Corporation
of America (Social Security) for those individuals belonging
to the coordinated plan is equal to 6.13% of the first $22,900
in 1979 or a total of $51,918.
Note 8 CLAIMS AND LITIGATION
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.
I CITY OF COLUMBIA RIGHTS, MINNESOTA 27
ANNUAL FINANCIAL REPORT
JUN 2 1980
GEORGE M. HANS EN COMPANY MANAGER City Of
Certified Public Accountants Columbia Heights
175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100
MINNEAPOLIS, MINNESOTA 55416
546.2566
May 30, 1980
The City Council
City of Columbia Heights
590 40th Avenue N. E.
Columbia Heights, Minnesota 55421
Gentlemen:
During the course of our examination, we make certain observations which we feel
will be of interest to you. These observations, of course, refer only to those
areas to which our audit work extended.
It is our responsibility to comment on the internal control of operations.
Internal control is defined as the segregation of duties so that no one employee
has complete control over an entire transaction. Good internal control suggests
that the work of one employee becomes an automatic check on the work of another
employee.
The comments which follow are not criticisms of the present system, but rather
suggestions for improvement based upon both our experience and our observations
of similar.situations Ln other governmental entities.
INTERNAL CONTROL AND RELATED MATTERS
Data Processing
We strongly suggest that the City look into a new data processing system in the
City's operations. With the present system considerable time and effort are
being expended needlessly due to the manual work required. There are also instances
where work is duplicated under the present system. An example of this is in the
recording of disbursements. All checks are typed and recorded on a listing for
the Council, and then the same information is recorded on the City's financial
record. Both of these functions should be done at the same time.
Special assessment records could be set up on the new system, and the present card
system could be eliminated. Now, each time a property owner is assessed or makes
a payment on an assessment his card must be located and pulled from the file in
order to record the assessment or payment. If the records were maintained on a
computerized system, none of this work would be necessary. The payment or assess-
ment need only be recorded and the computer would apply the information to the
customers account automatically.
Utility billing and collection reporting is now being done through Anoka County.
These functions could also be incorporated into a system so the City would have
complete control over all billing and collection records. This way there no longer
would be any time lag in receiving data, as is the case with the County.
The City Council
City of Columbia Heights
May 30, 1980
Page Z
0
INTERNAL CONTROL AND RELATED MATTERS (CONTINUED)
Data Processing (Continued)
These are some areas where we feel a new data processing system could be of help.
Efficiency would be increased greatly and current staff members might have time
to take on additional responsibilities.
Contract Change Orders
All contract change orders should be authorized by Council action. The contractor's
name, project and change order amount should be included in the Council minutes.
Council should review the procedures for change orders to contracts and the
authorization of additional construction work.
Property Records
The City now maintains a detailed record of all its furniture and equipment based
upon the physical inventory of all the city's property by American Appraisals. In
an effort to verify the information presented by American Appraisals the City should
assign numbers to all the assets listed and tag each asset with the number. At the
time tags are being affixed, any additional items found should be noted and also
included in the detailed records. Any items that don't belong should be deleted.
Water and sewer utility fixed assets and accumulated depreciation records are also
now being maintained by the City. A detailed listing of all water equipment and
mains was prepared. However, the detail of the sewer lines was not known at year
end, so the amount was estimated. We suggest that a detailed analysis of sewer
line costs be prepared in the coming year in order to substitute the estimate
and provide a detail to the fixed assets record.
Liquor Store Operations
Change Fund - Presently, the three liquor store operations share a $10,000 change
fund which is shifted from store to store at random. Control would be improved if
each store were to have a fixed amount for its change fund. If it is necessary to
have a large change fund for only one or two days, it should be redeposited for the
remainder of the time and withdrawn only when needed. The liquor stores do not have
adequate safeguards for safekeeping large amounts of cash.
Cash Registers - Control would be improved if new cash registers were used in all
liquor stores. The proper reporting of sales depends on the totals accumulated by
the cash registers. If the cash register totals cannot be relied upon as being
accurate, this would reflect in inaccurate sales figures. With three stores there
should be a consistent format for recording transactions on the cash registers.
This cannot be done with the current cash registers.
The City Council
City of Columbia Heights
May 30, 1980
Page 3
INTERNAL CONTROL AND RELATED MATTERS (CONTINUED)
Liquor Store Operations (Continued)
Cash Registers (Continued)
We suggest the City investigate the purchase of cash registers rather than leasing
them. In many cases we have found the rental payments far exceeded the cost.
Purchasing on an installment basis would require the same outlay of funds, but the
ownership would be the City's.
OTHER MATTERS
Special Revenue Funds
The City maintains a separate fund for CETA. These activities could be accounted
for within the General Fund. In 1979 the Civil Defense Fund was closed to the
General Fund; consideration should also be given to doing the same with CETA
activities.
We would be pleased to discuss these suggestions further with you and assist with
any changes you may wish to make. We also wish to express our thanks for the
courtesy and assistance extended to us during the course of our examination.
J@1: gmd
Field work completed April 16, 1980.
Very truly yours,
/GEORGE M. HANSEN COMPANY
Y ' Zi
- Gregory urphy
f
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HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA t'INABCIAL KEP RT
EAR kNDED dJECEMBER 1, 1979
GBERAL FUND
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
Page
Balance Sheet
Form
B
28
Statement of Revenues, Expenditures and
Changes in Fund Balance
Form
B -1
29
Schedule of Revenue - Budget and Actual
Form
B -2
30
Schedule of Expenditures and Encumbrances -
Budget and Actual
Form
B -3
32
The notes to the financial statements are
an integral part of these statements.
. C
ra6 4ll ;
GENERAL FUND
BALANCE SHEET
December 31, 1979 and 1978
Fund Balance:
Appropriated $ 92,517 $ -
Unappropriated 1,219,509 957,562
Total Fund Balance -- Form B -1 $ 1,312,026 $ 957,562
Total Liabilities, Reserves and Fund Balance $ 1,368,144 $ 1,000,449
The notes to the financial statements are
an integral part of this statTent.
CIrV IMF CnIIIYRIl YCI!lYTC 0I1tYIMMI 28 ANNIJIL FININCIA1 DFPART
1979
1978
ASSETS
Current Assets:
Cash:
Treasurer's balance
$
49,054
$
81,703
Imprest cash and change funds
1,075
1,075
Total Cash
$
50,129'
$
82,778
Investments (at cost)
902,444
853,040
Taxes receivable — delinquent
30,749
62,065
Less: Allowance for uncollectible taxes
(30,749)
(62,065)
Accounts receivable:
Unbilled Services
47,814
47,698
Other
1,337
.16, 933
Due from other funds
346,500
Due from other governmental units
19,920
Total Assets
$
1,368,144
$
1,000,449
LIABILI'T'IES, RESERVES AND FUND BALANCE
Current Liabilities:
Accounts payable
$
21,581
$
16,892
Accrued salaries payable
18,705
13,278
Accrued social security/P.E.R.A. payable
10,103
5,878
Contracts payable
1,592
Revenues collected in advance
5,729
5,247
Total Current Liabilities
$
56,118
$
42,887
Fund Balance:
Appropriated $ 92,517 $ -
Unappropriated 1,219,509 957,562
Total Fund Balance -- Form B -1 $ 1,312,026 $ 957,562
Total Liabilities, Reserves and Fund Balance $ 1,368,144 $ 1,000,449
The notes to the financial statements are
an integral part of this statTent.
CIrV IMF CnIIIYRIl YCI!lYTC 0I1tYIMMI 28 ANNIJIL FININCIA1 DFPART
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STAT 4M OF REVENUES, E CMZIZURES, AND CHANCES IN FUND BALANCE
For the Years Ended December 31, 1979 and 1978
1979
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 1,048,378 $ 1,044,380
Licenses and pexmits 56,150 78,164
Fines and forefeitures 41,200 49,067
Intergoverrmental revenues 1,559,472 1,571,727
Charges for current services 329,380 334,401
Miscellaneous 51,425 105,802
Total Revenues $ 3,086,005 $ 3,183,541
Other financing sources
Transfers fram other funds 824
Total Revenues and Other
Sources $ 3,086,005 $ 3,184,365
Expenditures and encunbrances:
General Government
$ 436,275
$ 412,095
Public safety
1,143,300
1,096,252
Public works
528,645
479,119
Sanitation
256,160
255,693
Library
132,330
130,172
Parks
325,585
328,852
Other
173,443
62,822
Total Expend tures�
$ 2,995,738
$ 2,765,005
Other Financial Uses:
Transfers to other funds
83,047
82,657
Total Expenditures and,
Other Uses $ 3,078,785 $ 2,847,662
Excess of Revenues and
other Sources over
(under) Expenditures
and Other Uses $
Fund Balance, January 1
Transfer to close civil
7,220 $ 336,703
957,562 957,562
Defense Fund 17,761
Fund Balance, December 31 $ 964,782 $ 1,312,026
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA NEICHTS, MINNESOTA 29
Form B -1
1978
Actual
$
(3,998) $ 941,319
22,014
76,870
7,867
38,191
12,255
1,392,296
5,021
301,971
54,377
109,624
$ 97,536 $ 2,860,271
824
373
$ 98,360 $ 2,860,644
$ 24,180 $
365,065
47,048
977,265
49,526
488,555
467
246,957
2,158
117,414
(3,267)
312,206
110,621
25,627
$ 230,733 $ 2,533,089
390 233,821
$ 231,123 $ 2,766,910
$ 329,483 $ 93,734
863,828
17,761
$ 347,244 $ 957,562
ANNUAL FINANCIAL REPORT
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
For the Year Ended December 31, 1979
General Property Taxes:
Current ad valorem
Delinquent ad valorem
Penalties and interest
Forfeited tax sale apportionments
Total
Licenses and Permits:
Business regulatory licenses
Non - Business licenses and permits
Total
Fines and Forfeitures:
Court fines
Other
Total
Revenue from Use of honey and Property:
Interest earnings --
Investment Trust Fund
Rents
Interest -- Certify Special
Assessments
Total
Revenue from Other Agencies:
Shared State Taxes:
Local government aid
Property tax relief (Homestead)
Fire insurance state aid
Municipal state aid - Maintenance
Attached machinery aid
State grant -- Shade tree aid
Other
Anoka County:
Street maintenance
County court parking lot
Federal Aid:
Civil defense reimbursement
Total
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Budget Actual
Revenue Revenue
$ 1,045,378
$ 1,023,721
17,329
3,000
3,330
$ 1,048,378
$ 1,044,380
$ 18,250
$ 32,127
37,900
46,037
$ 56,150 $ 78,164
$ 1,200 $ 1,553
40,000 47,514
$ 41,200 $ 49,067
$ 20,000 $ 69,313
14,900 18,433
$ 34,900 $ 87,855
$ 1,143,302 $ 1,143,302
348,450
348,450
23,689
15,000
15,045
7,000
6,910
26,950
17,272
3,500
4,820
6,020 6,020
250
Form B -2
Variance
Favorable
(Unfavorable)
$ (21,657)
17,329
330
$ (3,988)
$ 13,877
8,137
$ 22,014
$ 353
7,514
$ •7,867
$ 49,313
3,533
109
$ 52,955
23,689
45
(90)
(9,678)
1,320
(250)
91000 6,219 (2,781)
$ 1,559,472 $ 1,571,727 $ 12,255
'in ANNUAL FINANCIAL REPORT
Form B -2
GEL FUND
SCHEDULE OF IFEVENUE5 - BUDGET AMID ACTUAL, (CONTINUED)
For the Year Ended December 31, 1979
I CITY OF COLUMBIA NEIOHTS, MINNESOTA 31
ANNUAL FINANCIAL REPORT
Variance
Budget
Actual
Favorable
Revenue
Revenue
(Unfavorable)
Other Revenue:
Sale of Property
$
-
$
600
$
600
Miscellaneous
1,525
$
1,741
216
Contributions
285
285
Total
$ 1,525
$
20,626
$
1,101
Charges for Current Services:
General Government
$
2,500
$
3,700
$
1,200
Public Safety
23,830
24,805
975
Public Works
5,000
7,355
2,355
Library.
1,850
2,502
652
Parks
26,000
26,408
408
Refuse Collection
270,000
269,463
(537)
Other
200
168
(32)
Total
$
329,380
$
334,401
$
5,021
Refunds and Reimbursements:
Construction labor
reimbursement
$
5,000
$
8,160
$
3,160
Equipment rental
reimbursement
10,000
2,553
(7,447)
Other reimbursements
4,608
4,608
Total
$
15,000
$
15,321
$
321
Transfers In:
Matured bond funds
$
-
$
824
$
824
Grand Total
$
3,086,005
$
3,134,365
$
98,360
I CITY OF COLUMBIA NEIOHTS, MINNESOTA 31
ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
SC EDUIE CF EXPENDITURES AND ENCUVMRANCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1979
CITY OF COLUMBIA HEIGHTS, MINNESOTA 32
ANNUAL FINANCIAL REPORT
1979
Expenditures
Unencumbered
Budget
and
(Overexpended)
(Revised)
Encumbrances
Balance
ORAL O0VERZ= :
Mayor and Council:
Personal services
$
39,575
$
39,460
$ 115
Other services and charges
39,265
39,120
145
Supplies
625
366
259
Total
$
79,465
$
78,946
519
City Manager:
Personal services
$
67,340
$
63,809
$ 3,531
Other services and charges
8,030
7,133
897
Supplies
630
597
33
Total
$
.76,000
$
71,539
$ 4,461
Finance - Clerk:
Personal services
$
65,540
$
66,059
$ (519)
Other services and charges
20,850
16,287
4,563
Supplies
1,800
1,588
212
Total
$
88,190
$
83,934
4,256
Elections:
Personal services
$
4,985
$
4,793
$ 192
-Other services and charges
1,700
1,081
619
Supplies
1,200
425
775
Total
7,885
$
6,299
$ 1,586
Assessing:
Personal services
$
49,100
$
50,929
$(1,829)
Other services and changes
2,985
2,681
304
Supplies
500
164
336
Total
$
52,585
$
53,774
(11189)
Legal:
Other services and charges
$
54,320
$
45,548
$ 8,772
Human Services Cmrlission:
other services and charges
$
730
$
20
$ 710
CITY OF COLUMBIA HEIGHTS, MINNESOTA 32
ANNUAL FINANCIAL REPORT
Form B -3
G=AL FUND
SCHEDULE OF EXPENDITURES AND ENCUMBRANCES (CONTINUED)
BUDGET AMID ACTUAL
For the Year Ended Decanber 31, 1979
1979
Expenditures Unencumbered
Budget and (Overexpended)
(Revised) Encumbrances Balance
G MRAL GOVERNMENT (continued)
Planning:
.Personal services $ 12,845 $ 10,242
Other services and charges 4,390 2,815
Supplies 2,400 1,523
Total 19,635 $ 14,580
General Government Buildings:
Personal services
Other services and charges
Supplies
Total
Total General Government
PUBLIC SAFETY:
Police Protection:
Personal services
other services and charges
Supplies
Total
Fire Protection:
Personal services
Other services and charges
Supplies
Total
Protective Inspection:
Personal services
other services and charges
Supplies
Total
Civil Defense:
Personal services
Other services and charges
Supplies
Total
An; ma 1 Control
other services and charges
Total Public Safety
[.CITY OF COLUMBIA NEIGHTS, MINNESOTA
$ 11,265
38,900
7,300
57,465
$ • 436,275
$ 623,775
47,900
27,100
$ 698,775
$ 294,475
30,390
11,045
335,910
$ 54,190
20,015
1,360
75,.565
$ 14,505
8,920
2,825
26,250
$ 6,800
$1,143,300
33
$ 11,249
38,408
7,798
57,455
$ 412,095
$ 619,085
41,786
24,932
$ 685,803
$ 280,441
22,934
8,231
$ 311,606
$ 53,093
17,476
1,181
71,750
$ 13,728
6,601
996
$ 21,325
$ 5,768
$1,096,252
$ 2,603
1,575
877
$ 5,055
$ 16
492
(498)
10
fi 9d_iAn
$ 4,690
6,114
2,168
12,972
$ 14,034
7,456
2,814
24,304
$ 1,097
2,539
179
$ 3,815
$ 777
2,319
1,829
4,925
$ 1,032
$ 47,048
ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES AND ENCLMRANCES (CONTINUED)
BUDGET AMID ACTUAL
For the Year Ended December 31, 1979
LCITY OF COLUMBIA NEIGNTS, MINNESOTA 34
ANNUAL FINANCIAL REPORT
1979
Expenditures
Unencumbered
Budget
and
(Overexpanded)
(Revised)
Encumbrances
Balance
PUBLIC WORKS:
Engineering:
Personal services
$ 105,350
$ 100,532
$ 4,818
Other services and charges
13,380
9,176
4,204
Supplies
2,400
2,471
(71)
Total
$ 7121,130
112,179
8,951
Street Maintenance:
Personal services
$ 168,510
$ 158,224
$ 10,286
Other services and charges
51,165
50,762
403
Supplies
37,100
35,981
1,119
Total
$_256,775
$ 244,967
11,808
Street Lighting:
Personal services
$ 1,600
$ 13
$ 1,587
Other services and charges
50,350
50,880
(530)
Total
$ 51,950
$_50,893
$ 1,057
Traffic Signs and Signals:
Personal-services
$ 15,205
$ 11,225
$ 3,980
Other services and charges
8,100
6,799
1,301
Supplies
4,900
5,111
(211)
Total
T-28,205
23,135
5,070
Tree Trimming and Removal:
Personal services
$ 10,850
$ 10,291
$ 559
Other services and charges
59,085
37,374
21,711
Supplies
650
280
370
Total
70,585
$ 47,945
$ 22,640
Total Public Works
$ 528,645
$ 479,119
$ 49,526
SANITATION:
Refuse Collection and Disposal:
Personal services
$ 8,785
$ 8,779
$ 6
Other services and charges
246,575
246,467
108
Supplies
100
222
(122)
Total
$ 255,460
255,468
$ (8)
LCITY OF COLUMBIA NEIGNTS, MINNESOTA 34
ANNUAL FINANCIAL REPORT
Form B -3
CORAL FUND,
SCHEDULE OF EXPENDITURES AND ENCUMBRANCES (CONTINUED)
BUDGET AND ACTUAL
For the Year Ended DecaTber 31, 1979
1979
Expenditures Unencunbered
Appropriations and (Overexpanded)
(Revised) Enciunbrances Balance
SANITATION (continued):
Weed Control:
Personal services $ 600 $ 225 $ 375
Other services and charges 100 100
Total � $ 225 $ 475
Total Sanitation $ 256,160 $ 255,693 $ 467
Personal services
$
78,415
$
78,093
$ 322
Other services and charges
18,755
17,280
1,475
Supplies
35,160
34,799
361
Total
$
132,330
$
130,172
$ 2,158
MUNICIPAL PARKS:
A&=' stration and A•aintenance :
Personal services
$
209,950
$
209,578
$ 372
Other services and charges
74,985
77,069
(2,084)
Supplies
14,650
15,646
(996)
Total
$
299,585
$
302,293
$(2,708)
Wading Pools:
Personal services
$
700
$
675
$ 25
Other services and charges
200
201
(1)
Supplies
900
543
357
Total
$
1,800
$
1,419
$ 381
Skating Rinks:
Personal services
$
12,600
$
12,201
$ 399
Other services and charges
10,350
11,825
(1,475)
Supplies
1,250
1,114
136
Total
24,200
25,140
(940)
Total Municipal Parks
$
325,585
$
328,852
$(3,267)
I CITY OF COLUMBIA NEICNTS, MINNESOTA 35
ANNUAL FINANCIAL REPORT
1
1
1
1
1
1
Blind B -3
CORAL FUND
Sam= OF EXPEmITURES AND ENcumBRA= (CONTINUED)
BUDGET AND ACTUAL
For the Year Ended December 31, 1979
1979
Expenditures Unencumbered
Appropriations and (Overexpended)
(Revised) Encumbrances Balance
UNALLOCATED EXPENSE:
Insurance
Taxes and licenses
Grant to HRA
City share special assessment
Vandalism
Other miscellaneous
Total Unallocated
TRANSFERS:
Recreation
P.I.R. projects
PARA Transit Fund
Total Transfers
Grand Total
$ 29,800
800
15,000
s 10,044
1,000
116,799
$ 173,443
$ 70,890
10,467
1,690
4t 01 nn7
I CITY OF COLUMBIA NEIGHTS, MINNESOTA 36
$ 28,104 $ 1,696
796 4
15,000
10,044
603 397
8,275 108,524
$ 62,822 $ 110,621
$ 70,890 $ -
10,467 -
1,300 390
$ 82,657 $ 390
$ 2,847,662 $ 231,123
ANNUAL FINANCIAL REPORT
GEORGE M. H A N S E N COMPANY
Certified Public Accountants
175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100
MINNEAPOLIS, MINNESOTA 55416
546 -2566
July 3, 1980
JUL - 7 1980
MANAGER City of
Columbia Heights
Mr. Robert E. Bocwinski, City Manager,
City of Columbia Heights
590 - 40th Avenue N.E.
Columbia Heights, Minnesota 55421
Dear Mr. Bocwinski:
Enclosed are ten copies of our report on compliance with the Federal
Revenue Sharing Act and regulations for the year ended December 31, 1979.
To comply with the requirements of the Office of Revenue Sharing (ORS),
you should send to the ORS one copy of this letter and one copy of the
City's 1979 audited financial report.
I would suggest that you bind these items together so that they do not
become separated at ORS.
Should you have any questions, please contact me.
Very truly yours,
JGM:a P v J. Gergory Murphy
Enclosures
GEORGE M. H A N S E N COMPANY
Certified Public Accountants
175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100
MINNEAPOLIS, MINNESOTA 55416
546 -2566
The Honorable Members of the City Council
City of Columbia Heights, Minnesota
We have examined the financial statements of the various funds and account
groups of the City of Columbia Heights, Minnesota for the year ended
December 31, 1979, and have issued our report thereon dated April 16, 1980.
Our examination was made in accordance with generally accepted auditing
standards and accordingly included such tests of the accounting records
and such other auditing procedures as we considered necessary in the
circumstances.
In connection with our examination, we also performed tests of compliance
with the Revenue Sharing Act and regulations as required by Section II.C.3
of the "Audit Guide and Standards for Revenue Sharing and Anti - recession
Fiscal Assistance Recipients" (Guide) issued by the Office of Revenue
Sharing, U.S. Department of the Treasury, and compared the data on Bureau
of Census Form RS -8 with the audited records of the City of Columbia
Heights, Minnesota as required by Section II.C.4 of the Guide.
Based on these procedures we noted no instances of noncompliance with the
aforementioned act and regulations, except as described on Page two attached,
and no material differences between the data on the Bureau of Census Form RS -8
and the records of the City of Columbia Heights, Minnesota, for the year
ended December 31, 1979.
L - M � " 0 �
Z 00
1 Minneapolis, Minnesota
June 27, 1980
u
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
iFEDERAL REVENUE SHARING
i
The findings of our compliance testing are set forth below:
1. The following areas of noncompliance were found:
a. We found no evidence that notice was published stating
i that the enacted budget was available for public inspection
as required in Section 51.14(g).
i b. In years after 1976, the City has not received or prepared
a Use Report, instead this information has been recorded
on the revenue and expenditure survey form. Publication
i of the availability of the information has not been made
since 1976, when the reporting format changed.
2. Based upon confirmations from the State Department of Human
i Rights and the city's attorney, we found no evidence of
discriminatory actions pending at December 31, 1979. We
also requested confirmation of human rights violations from
iE.E.O.C., and to date, we have not received a reply.
I-
H
0
0
1 -2-
HE CIT�INAVCIAL OF COLUMkIA WEIGHTS, MINNESOTA
NNUA EP RT
EAR tNDED DECEMBER 31, 1979
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of
specific revenue sources which 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. The Paratransit Fund is established by agreement
with the Minnesota Department of Transportation to account for
the receipt of state grants and rider fees and expenditures for
service. The Recreation and Community Service Fund is governed
by a commission established by an agreement between the City
and I.D.S. #13 School Board. 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
The notes to the financial statements are
an integral part of these statements.
Page
Combining Balance Sheet
Form
C
37
Statements of Revenues, Expenditures and
Changes in Fund Balance:
Revenue Sharing Fund
Form
C -1
39
Recreation and Community Services Fund
Form
C -2
40
Paratransit Fund
Form
C -3
41
Municipal State -Aid Street Fund
Form
C -4
42
C.E.T.A. Fund
Form
C -5
43
Civil Defense
Form
C -6
44
The notes to the financial statements are
an integral part of these statements.
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1979
ASSETS
Cash:
Treasurer's balance
Imprest Cash
Total Cash
Investments (at cost)
Accounts Receivable
Due from Other Governmental Units:
Due from Federal - Office of Revenue Sharing .
Due from State of Minnesota
Total Assets
LIABILITIES, RESERVES AND FUND BALANCES
Current Liabilities:
Accounts Payable
Accrued salaries payable
Accrued social security /P.E.R.A. payable
Due to General Fund
Total Current Liabilities
Fund Balance - Unappropriated
Total Liabilities, Reserves and
Fund Balances
The notes to the financial statements are
an integral part of this statement
CITY OF COLUMBIA NEIGNTS, MINNESOTA 37
Revenue
Sharing
$ 4,248
$ 4,248
80,000
1,492
40,495
$ 126,235
$ 5,049
Y 5,049
$ 121,186
(Form C I)
$ 126,235
MNUAL FINANCIAL REPORT
Form C
Recreation &
Municipal
Community
State
Services
Paratransit
Aid
Total
$ 1,469
$ 1,260
$ 5,790
$
12,767
50
50
$ 1,519
$ 1,260
$ 5,790
$
12,,817
30,000
110,000
623
2,115
40,495
1,928
234,462
236,390
$ 31,519
$ 3,811
$240,252
$
401,817
$ 39
$ 3,806
$ -
$
8,894
1,510
1,510
1,415
1,415
21,500
21,500
$ 2,964
$ 3,806
$ 21,500
$
33,319
28,555
5
218,752
$
368,498
(Form C -2)
(Form C -3)
(Form C -4)
$ 31,519
$ 3,811
$240,252
$
401,817
CITY OF COLUMBIA HEIGHTS,
MINNESOTA 38
ANNUAL
FINANCIAL REPORT
REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Revenues:
Revenue from Other Agencies:
Federal Revenue Sharing
Revenue from Use of Money and Property:
Interest earnings - Investment Trust Fund
Other Revenue
Total Revenue
Expenditures:
Capital Outlay:
Public Safety
Parks
Street and Engineering
Library
Professional Services:.
Downtown Development
Other General Government
Total Expenditures
Excess of Revenues over
(under) Expenditures
Fund Balance, January 1, 1979
Fund Balance, December 31, 1979
The Notes to the financial statements are
an integral part of this statement.
Budget
Form C -1
Variance
Favorable,
Actual (Unfavorable)
$ 181,500 $ 176,635 $ (4,865)
6,000 9,635 3,635
(51) (51)
$ 187,500 $ 186,219 $ (1,.281)
$ 59,890 $ 42,028 $ 17,862
57,700 50,779 6,921
13,600 10,998 2,602
5,245 9,099 (3,854)
10,000 10,000
41,065 8,189 32,876
$ 187,500 $ 131,093 $ 56,407
$ - $ 55,126 $ 55,126
66,060 66,060 -
$ 66,060 $ 121,186 $ 55,126
(Form -C)
CITY OF COLUMBIA NEICHTS, MINNESOTA 39 ANNUAL FINANCIAL REPORT
RECREATION AND COMMUNITY SERVICES FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Revenues:
Revenue from other agencies:
Independent School District #13
Fees
Total Revenues
Other financing sources
Transfers from other funds
Total Revenues and Other
Sources
Expenditures:
Personal services
Other services and charges
Supplies
Capital outlay
Other expenses:
Playground
Athletic supplies
Beach program
Traveling teams
Total Expenditures
Excess of Revenues and
Other Sources over (under)
Expenditures
Fund Balance, January 1, 1979
Fund Balance, December 31, 1979
The notes to the financial statements are
an integral part of this statement
1 CFTY OF COLUMBIA HEIGHTS, MINNESOTA 40
Form C -2
$159,195 $ 142,608 $ 16,587
$ (1,515) $ 16,474 $ 17,989
12,081 12,081
$ 10,566 $ 28,555 $ 17,989
(Form C)
ANNUAL FINANCIAL REPORT
Variance
Favorable
Budget
Actual
(Unfavorable)
$ 70,890
$
70,887
$ (3)
15,900
17,305
1,405
$ 86,790
$
88,192
$ 1,402
70,890
70,890
$157,680
$
159,082
$ 1,402
$126,745
$
109,529
$ 17,216
12,400
14,049
(1,649)
3,200
2,855
345
244
(244)
2,100
1,756
344
3,500
3,298
202
6,050
5,825
225
5,200
5,052
148
$159,195 $ 142,608 $ 16,587
$ (1,515) $ 16,474 $ 17,989
12,081 12,081
$ 10,566 $ 28,555 $ 17,989
(Form C)
ANNUAL FINANCIAL REPORT
PAIRATRANSIT FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Revenues:
Revenue from other Agencies
State grant
Paratransit fares
Transfer from General Fund
Total Revenue
Expenditures:
Personal services
Other services and charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Fund Balance, January 1, 1979
Fund Balance, December 31, 1979
The notes to the financial statements are
an integral part of this statement.
t CITY OF COLUMBIA HEIGHTS, MINNESOTA 41
Form C -3
Actual
$ 11,586
2,638
1,300
$ 15,524
$ 3,579
11,940
$ 15,519
$ 5
$ 5
(Form C)
ANNUAL FINANCIAL REPORT
MUNICIPAL STATE -AID STREET FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Revenues:
State of Minnesota:
Gasoline tax apportionment- Construction
Interest Earnings- Investment
Trust Fund
Total Revenue
Expenditures:
Construction costs
Transfers:
5th Street paving
38th Avenue -5th to Univ. paving
Total Expenditures
Excess of Revenues over
(under) Expenditures
Fund Balance, January 1, 1979
Fund Balance, December 31, 1979
The notes to the financial statements are
an integral part of this statement.
[.CITY OF COLUMBIA HEIGHTS, MINNESOTA 42
Form C -4
Variance
Favorable
Budget Actual (Unfavorable)
$ 155,000 $ 171,598 $ 16,598
3,000 5,455 2,455
$ 158,000 $ 177,053 $ 19,053
$ 600 $ 951 $ 128,649
105,000 146,431 (146,431)
24,000 23,955 (23,955)
$ 129,600 $171,337 $ (41,737)
$ 28,400 $ 5,716 $ (22,684)
213,036 213,036 -
$ 241,436 $ 218,752 $ (22,684)
(Form -C)
ANNUAL FINANCIAL REPORT
C.E.T.A. FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Revenues:
Federal Grant
Total Revenue
Expenditures:
Personal services
Other services and charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Fund Balance, January 1, 1979
Fund Balance, December 31, 1979
The notes to the financial statements are
an integral part of this statement.
[CITY OF COLUMBIA NEIGNTS, MINNESOTA 43
Form C -5
Actual
93,651
$93,651
$89,492
4,159
$93,651
S -
ANNUAL FINANCIAL REPORT
CIVIL DEFENSE
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Transfer:
General Fund (to close Civil Defense
Fund)
Fund Balance, January 1, 1979
Fund Balance, December 31, 1979
The notes-to the financal statements are
an integral part of this statement.
I .CITY OF COLUMBIA HEIGHTS, MINNESOTA 44
Form C -6
Actual
$ 17,760
17,760
ANNUAL FINANCIAL REPORT
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NN UA t' I NA�1C I AL E PART
EAR kNDED 11ECEMBER S1, 1979
DEBT SERVICE FUNDS
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
Page
Combining Balance Sheet Form D 45
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance Form .D -1 47
Schedule of Funding Available/
Funds Required Form D -2 49
The notes to the financial statements are
an integral part of these statements.
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1979
Storm Sewer
Bonds of
1965
ASSETS
Current Assets:
Cash:
Treasurer's balance
$
4,728
Deposited with fiscal agent
67,425
Investments (at cost)
105,000
Taxes receivable - delinquent
382
Less: Allowance for uncollectible taxes
(382)
Due from other funds
51,700
Due from other Gov't units
Total Assets
$
228,853
LIABILITY AND FUND BALANCE
Current Liability:
Matured bonds and interest payable
$
67,425
Fund balance - Unappropriated -- Form D -1
161,428
Total Liability and Fund Balance
$
228,853
The notes to the financial statements are
an integral part of this statement.
[ CITY Of COLUMBIA NEIGHTS, MINNESOTA 45 ANNUAL FINANCIAL REPORT
Capital
City Garage Improvement
Bonds of Bonds of
1972 1976
$ 2,831
$ 606
54,365
166,518
60,000
150,000
321
525
(321)
(525)
95,700
44,000
$ 117,196
$ 361,124
$ 54,365 $ 166,518
62,831 194,606
fi iii iaF G, ,7A
.CITY OF COLUMBIA HEIGHTS, MINNESOTA
Form D
Totals
1979 1978
$ 8,165
$ 21,480
288,308
113,367
315,000
217,000
1,228
2,222
(1,228)
(2,222)
95,700
206,050
6,540
$ 707,173
$ 564,437
$ 288,308 $ 113,367
418,865 451,070
$ 707,173 $ 564,437
46 ANNUAL FINANCIAL REPORT
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Park Storm Sewer
Bonds of Bonds of
1962 1969
Revenues:
$
30,000
$ 45,000
General property taxes:
525
21,375
Collected by-county
39
80
Current ad valorem
$
- $
68,119
Delinquent ad valorem
581
647
Interest earnings:
797
Investment Trust Fund
$
31,361
6,725
Inter -fund loans
2,351
Total Revenues
$
581 $
77,842
Other Financing Sources:
30,780
135,041
Transfers from:
$
-
$161,428
Water utility fund
Sewer utility fund
15,000
Total Revenue Sources and Other Sources
$
581 $
92,842
Expenditures:
Bonds matured
$
30,000
$ 45,000
Interest on bonds
525
21,375
Fiscal agent charges
39
80
Total Expenditures
30,564
66,455
Other financing uses:
Transfer to General Fund
797
Total Expenditures and Other Uses
$
31,361
$ 66,455
Excess of Revenues and Other Sources
over (under) Expenditures and Other Uses
$
(30,780)
$ 26,387
Fund Balance, January 1, 1979
30,780
135,041
Fund Balance, December 31, 1979 -- Form D
$
-
$161,428
The notes to the financial statements are
an integral part of this statement.
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 47
#NNUAL FINANCIAL RETORT
Capital
State Aid City Garage Improvement
Bonds of Bonds of Bonds of
1969 1972 1976
Form D -1
Totals
1979 1978
$ -
$
22,787
$
151,509
$
242,415
$
255,715
544
1,547
3,319
4,181
5,820
4,545
17,090
23,172
7,535
9,886
$ -
$
29,151
$
165,136
$
272,710
$
283,068
15,000
15,000
15,000
15,000
30,000
30,000
$ -
$
59,151
$
165,136
$
317,710
$
328,068
$ 10,000
$
50,000
$
150,000
$
285,000
$
285,000
230
8,730
32,828
63,688
74,303
16
97
172
404
438
10,246
58,827
183,000
349,092
359,741
26
823
$ 10,272
$
58,827
$
183,000
$
349,915
$
359,741
$ (10,272)
$
324
$
(17,864)
$
(32,205)
$
(31,673)
10,272
62,507
212,470
451,070
482,743
$ -
$
62,831
$
194,606
$
418,865
$
451,070
CITY OF COLUMBIA HEIGHTS, MINNESOTA 48 ANNUAL FINANCIAL REPORT
DEBT SERVICE FUND
SCHEDULE OF FUNDING AVAILABLE
AND FUNDS REQUIRED
December 31, 1979
Cash, Investments, and Receivables
Deferred Tax Levies
Levy /Payable Years:
1979/80
1980/81
1981/82
1982/83
1983/84
Total
FUNDING AVAILABLE
Bonds /Future Interest Payable
Bonds
Future Interest
FUNDS REQUIRED
BALANCE
v
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 49
Form D -2
Total
$ 418,865
365,000
362,400
306,425
146,700
152,300
$ 1,332,825
$ 1,751,690
$ 1,330,000
144,672
$ 1,474,672
$ 277,018
ANNUAL FINANCIAL REPORT
1
1
HE CIT� OF COLUM�IA HEIGHTS, MINNESOTA
NNUA INABCIAL EPQRT
EAR kNDED ECEMBER 11 1979
CAPITAL PROJECT FUNDS
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
Page
Combining Balance Sheet Form E 50
Combining Statement of Revenues,
Expenditures and Changes in Fund Balance Form E -1 52
The notes to the financial statements are
an integral part of these statements.
C..
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
December 31, 1979
ASSETS
Current Assets:
Cash - Treasurer's balance
Investments (at cost)
Total Assets
LIABILITIES AND FUND BALANCE
Current Liabilities:
Accounts payable
Contracts payable
Total Current Liabilities
Fund balance -- Form E -1
Total Liabilities and Fund Balances
The notes to the financial statements are
an integral part of this statement.
[.CITY OF COLUMBIA MEI6NTS, MINNESOTA 50
Capital
Improvement
C.P. 308
$ 1,564
75,000
$ 76,564
$ 1,320
21,211
$ 22,531
54,033
$ 76,564
ANNUAL FINANCIAL REPORT
Form E
Sullivan
Tennis Courts
Lake
Huset Park
C.P. 807
C.P. 309
Total
$ 3,219
$
635
$
5,418
495,000
570,000
$ 498,219
$
635
$
575,418
$ -
$
-
$
1,320
1,107
22,318
$ -
$
1,107
$
23,638
498,219
(472)
551,780
$ 498,219
$
635
$
575,418
CITY OF COLUMBIA
NEIGRTS,
MINNESOTA
51
ANNUAL FINANCIAL REPORT
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
C.P. 308
Project Authorization $1,073,363
Revenues:
Interest Earnings - Investment Trust Fund
$
8,360
Sale of property
Insurance claim - water damage
2,121
Prior years expenditures re- established
935,933
Total Revenues
$
946,414
Other Financing Sources:
Transfers from - Revenue Sharing Fund '
Total Revenue Sources and Other Sources
$
946,414
Expenditures:
Prior years
$
935,933
Current year:
Construction contracts
5,080
Other project expenditures
123,772
Total Expenditures
$1,064,785
Excess of Revenues and Other Sources
over (under) Expenditures
$
(118,371)
Fund Balance, January 1, 1979
172,404
Fund Balance, December 31, 1979 -- Form E
$
54,033
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
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 52 ANNUAL FINANCIAL lEPORT
Form E -1
Completed
Incomplete Projects
Project
C.P. 807
C.P. 309
C.P. 310
Total
$225,000
$
37,500
$ 9,280
$1,345,143
$ 40,905
$
-
$ -
$ 49,265
10,800
10,800
2,121
153,305
37,333
13,132
1,139,703
$205,010
$
37,333
$ 13,132
$1,201,889
3,852
3,852
$205,010
$
37,333
$ 16,984
$1,205,741
$153,305
$
37,333
$ 13,132
$1,139,703
(19,130)
(14,050)
8,375
639
132,786
$142,550
$
37,972
$ 13,132
$1,258,439
$ 62,460
$
(639)
$ 3,852
$ (52,698)
435,759
167
(3,852)
604,478
$498,219
$
(472)
$ -
$ 551,780
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
53
MNUAL FINANCIAL REPORT
1
w
Ll
1
n
1
HE CIT OF COLUM$IA HEIGHTS, MINNESOTA
NNUA I NA C IAL EP RT
EAR iNDtED llECEMBER L 1979
SPECIAL ASSESSMENT FUNDS
The Permanent Improvement Revolving Fund is used to advance to
local improvement funds the cost of improvements for which
assessments are to be levied.
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
Page
Combining Balance Sheet Form F 54
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance Form F -1 55
The notes to the financial statements are
an integral part of these statements.
Form F
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
December
31,
1979
Permanent
Permanent
Improvement
Improvement
Revolving
Revolving
Fund
Bond Fund
Total
ASSETS
Current Assets:
Cash:
Treasurer's balance (deficit)
$
(42,137)
$ 46,321
$
4,184
Deposited with fiscal agent
53,182
53,182
Taxes receivable deferred
117,600
117,600
Special assessments.receivable:
Delinquent
70,018
70,018
Deferred
411,494
411,494
Total Assets
$
439,375
$ 217,103
$
656,478
LIABILITIES AND FUND BALANCE
Current Liabilities:
Contracts payable
$
65,363
$ -
$
65,363
Deposits
8,511
8,511
Matured bonds and interest payable
53,182
53,182
Due to bonds of 1976 fund
317,000
317,000
Total Current Liabilities
$
390,874
$ 53,182
$
444,056
Bonds Payable
$
-
$ 105,000
$
105,000
Fund Balance:
Future interest on bonds
$
-
$ 6,895
$
6,895
Appropriated
9,934
9,934
Unappropriated
38,567
52,026
90,593
Total Fund Balance
$
48,501
$ 58,921
$
107,422
Total Liabilities and Fund
$
439,375
$ 217,103
$
656,478
Balance
The notes to the financial statements are
an integral part of this statement.
I CITY OF COLUMBIA MEIGItTS, MINNESOTA 54
ANNUAL FINANCIAL REPORT
1
1
A
Il
I
1
1
1
1
I
1
A
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Year Ended December 31, 1979
Revenues:
Increase in assessments
Interest and penalties on special
assessments
Administration charges to projects
Total Revenues
Permanent
Improvement
Revolving
Fund
$ 168,484
40,441
22,919
$ 231,844
Other Financing Sources:
Transfers from:
Permanent Improvement Revolving Fund
Sewer Utility Fund 3,269
State Aid Fund 170,386
General Fund 10,467
Prior year expenditures re- established 341,263
Total Revenue Sources and Other Sources $ 757,229
Expenditures:
Capital project expenditures:
Prior years
Current year:
Construction contracts
Other project costs
Administration costs
Fiscal agent charges
Total Expenditures
Form F -1
Permanent
Improvement
Revolving
Bond Fund Total
$ - $ 168,484
40,441
22,919
$ - $ 231,844
53,000 53,000
3,269
170,386
10,467
341,263
$ 53,000 $ 810,229
$ 341,263 $
409,724
78,689
36,259
$ 865,935 $
$ 341,263
409,724
78,689
36,259
143 143
143 $ 866,078
Other Financing Uses:
Transfer to Permanent Improvement
Revolving Bond Fund
53,000
53,000
Deferred tax levies (1979) cancelled
59,200
59,200
Adjust assessments
4,930
4,930
Total Expenditures and Other Uses $
923,865 $
59,343
$ 983,208
Excess of Revenues and Other Sources over
(under) Expenditures and Other Uses $
(166,636) $
(6,343)
$(172,979)
Fund Balance, January 1, 1979
215,137
58,369
273,506
Fund Balance, December 31, 1979 -- Form F $
48,501 $
52,026
$ 100,527
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA ®EIGHTS, MINNESOTA 55 ANNUAL FINANCIAL REPORT
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR OPERATING FUND x080
COMPARATIVE STATEMENT OF OPERATING PROFIT - BY STORE
JANUARY 1 TO December 31,1979 & 1978
MANAGER city of
vaurnbia Heig
OFF - SALE STORE
TOTAL ON -SALE
ALL STORES STORE TOTAL OFF -SALE NO. 2 NO. 3
1979 1978 1979 1970 1979 1976 1979 1978 1979 1976
SALES $1,220,567 $1,064,893 $ 351,846 $ 307,086 $ 868,721 $ 757,807 $ 405,985 $ 360,899 $ 462,736 $ 396,908
COST OF SALES 793,274 6929060 105,316 92;599 6879958 599;461 325,668 287,719 362,290 311,742
GROSS PROFIT $ 427,293 $ 372,833 $ 246,530 $ 214,487 $ 180,763 $ 158,346 $ 80,317 $ 73,180 $ 100,446 $ 85,166
% of Sales 35.01% 35:01% 70:07% 69.85% 20.81% 20.90% 19.78% 20.28% 21.71% 21.46%
OPERATING EXPENSES
BEFORE DEPRECIATION
Personal Services $ 251,051 $ 244;099 $ 141,996 $ 141,437 $ 109,055 $ 102,662 $ 53,767 $ 48,847 $ 55,288 $ 53,443
Other Oper Expense 88;489 77,690 57;994 48,668 30,495 29;022 15,450 13,109 _ 15,045 15,554
Total 339,546 $ 321,789 $ 199,990 $ 190,105 $ 139,550 $$ 131,684 $69,217; $ 61,956 $ 70,333 $ 68,997
% of Sales 27.82% 30.22% 56,84% 61.71% 16.0W:!':17138%- 17.05% 17.17% 15.20% 17.38%
NET OPER.INCOME(LOSS)
BEFORE DEPRECIATION
LESS: DEPRECIATION
$ 87,753 $
51,044
$ 46,540
$ 24,382 $
41,213
$ 26,662
$ 11,100 $
11,224
$ 30,113
$ 16,169
8,940
9,256
5;804
4,895
3,136
4;361
1,094
1,233
2,042
2,019
NET OPER. INCOME (LOSS) $
78,:813 $
41,788
$ 40,736 $
19,487
$ 38,077 $
22,301
$ 10,006 $
9,991
$ 28,071
% of Sales
6.46%
.3.921
.11,581
o
6.351
0
4.38%
0
2.94%
0
2.46r
0
2.771
o
6.071
OTHER INCOME (EXPENSE)
NET INCOME
$ 30,037
$
12,019
$ 108,850
$
53,807
ohn L. Schedler
$ 14,150
3.57%
�mWrY ,1WOLL4W HAWS,`INWESM =M -® _®
LIQUOR OPERATING FUND -
COMPARATIVE STATEMENT OF OPERATING PROFIT - BY STORE
JANUARY 1 TO March'31, 1980 v . 1979
TOTAL ON -SALE
ALL STORES STORE TOTAL OFF -SALE NO. 2
1980 1979 1980 1979 1980 1979 1980
SALES $ 290,842 $ 267,670 $ 88,396 $ 85,006 $ 202,446 $ 182,664 $ 89,510
COST OF SALES 184,918 170,082 28,346 27,472 156,572 142,610 69,406
GROSS PROFIT $ 105,924 $ 97,588 $ 60,050 $ 57,534 $ 45,874 $ 40,054 $ 20,104
of Sales 36.42% 36.46% 67.930 67.68% 22.660 21.930 22.460
OPERATING EXPENSES
BEFORE DEPRECIATION
Personal Services $ 62,867 $ 59,218..$ 36,955 $ 35,316 $ 25,912 $ 23,902 $ 12,247
Other 0per Expense 19,555 20,831 13,333 13,351 6,222 7,480 3,100
Total $ 8- 82,T22 $ 8o,A $ 5�$ $ 32,13T+ $ 3�2 $ 15,347
% of Sales 28.34% 29.91% 56.82% 57.25% 15.87% 17.18% 17.15%
NET OPER.INCOME(LOSS)
BEFORE DEPRECIATION $ 23,502 $ 17,539 $ 9,762 $ 8,867 $ 13,740 $ 8,672 $ 4,757
LESS:. DEPRECIATION 2,103 2,211 1,294 1,451 8og 760 292
NET OPER. INCOME (LOSS) $ 21,399 $ 15,328 $ 8,468 $ 7,416 $ 12,931 $ 7,912 $ 4,465
% of Sales 7.36% 5.73% 9.58% 8.72% 6.39% 4.33% 4.99%
OTHER INCOME (EXPENSE) $ 1,721 $ 2,488
NET INCOME $ 23,120 $ 17,816
% to Sales. 7.95% 6.66%
OFF - SALE STORE
NO. 3
1979 11980 1979
$ 87,352 $ `112,936 $ 95,312
68,964 =!187,166 73,646
$ 18,388 $ 25:;770 $ 21,666
21.05% �I22.8?% 22.73%
$ 11,501 $ IJ13,665 $ 12,401
3,843 3,122 3,637
$ 15,344 $ _1 , ",16,787 T16,038
17.57% i14.86% 16.83%
f
$ 3,044 $ 8,983 $ 5,628
255 517 .505
$ 2,789 $ 8,466 $ 5,123
3.19% 7.50% 5.37%
I I E mm a
John E. Schedler
Finance Director
1
D
n
L'
1
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA t'INANCIAL REPQQRT
EAR iNDED DECEMBER S1, 1979
ENTERPRISE FUNDS
The Authority for these types of funds is derived from Section
69 (b) of the City Charter which allows for utility or other
public service enterprise funds. Enterprise fund operations are
financed solely by user charges.
TABLE OF CONTENTS
Municipal Liquor Fund:
Comparative Balance Sheet
Comparative Statement of Changes in Retained Earnings
Comparative Statement of Revenue and Expense
Comparative Schedule of Revenue - Off Sale
Comparative Statement of Changes in Financial Position
Comparative Schedule of Operating Expense
Schedule of Fixed Assets and Depreciation
Water Utility Fund:
Compara- t -i.ve - Ba- l -ance Sheet- -- - -
Comparative Statement of Changes in Retained Earnings
Statement of Changes in Customers Contribution
Statement of Changes in Federal Grant Contribution
Comparative Statement of Revenue and Expense
Comparative Statement of Changes in Financial Position
Schedule of Fixed Assets and Depreciation
Schedule of Changes �in Assets Restricted for
General Bond Debt Service
Sewer Utility Fund:
Comparative Balance Sheet a
Comparative Statement of Changes in Retained Earnings
Statement of Changes in Customer's Contribution
Comparative Statement of Revenue and Expense
Comparative Statement of Changes in Financial Position
Schedule of Fixed Assets and Depreciation
The notes to the financial statements are
an integral part of these statements.
Form G
Form G -1
Form G -2
Form G -3
Form G -4
Form G -5
Form G -6
- Fo r-m H -- -
Form H -1
Form H -2
Form H -2
Form H -3
Form H -4
Form H -5
Page
56
57
58
60
62
63
65
69
70
71
71
72
73
74
Form H -6 76
Form
1
77
Form
1 -1
78
Form
1 -2
79
Form
1 -3
80
Form
1 -4
81
Form
1-5
82
MUNICIPAL LIQUOR FUND
COMPARATIVE BALANCE SHEET
December 31, 1979 and 1978
ASSETS
Current Assets:
Cash:
Treasurer's balance
Imprest cash and change funds
Total Cash
Investments, at cost
Accounts receivable
Merchandise inventory, at cost
Total Current Assets
Fixed Assets:
Land
Buildings
Improvements other than buildings
Office furniture and equipment
Store equipment
Total
Less: Allowance for depreciation
Net Fixed Assets -- Form G -6
Total Assets
LIABILITIES AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
Accrued salaries payable
Accrued social security /P.E.R.A. payable
Total Current Liabilities
Retained Earnings -- Form G -1
Total Liabilities and Retained Earnings
The notes to the financial statements are
an integral part of this stat nmt.
1979
$ 2;292
10,100
$ 12,392
260,000
1,016
92,768
$ 366,176
$ 16,735
169,390
63,289
1,375
74,290
$ 325,079
172,460
$ 152,619
$ 518,795
$ 5,314
4,359
2,875
$ 12,548
506,247
$ 518,795
CITY OF COLUMBIA NEIGHTS, MINNESOTA 56 ANNUAL FIN
Form G
1978
$ 15,308
10,100
$ 25,408
170,000
2,673
99,636
$ 297,717
$ 16,735
169,390
58,421
1,375
76,795
$ 322,716
165,681
$ 157,035
$ 454,752
$ 43,492
3,339
2,020
$ 48,851
405,901
$ 454,752
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
For the Years Ended December 31, 1979 and 1978
Retained Earnings, January 1
Add: -
Net income for the year -- Form G -2
Retained Earnings, December 31 -- Form G
The notes to the financial statements are
an integral part of this statement.
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 57
1979
$ 405,901
100,346
$ 506,247
Form G -1
1978
$ 352,095
53,806
$ 405,901
ANNUAL FINANCIAL 1tEPORT
MUNICIPAL LIQUOR FUND
COMBIDIED ON -SALE AMID OFF -SALE
COMPARATIVE STA=1ENT OF REVII= AND EXPENSE
For the Years Ended December 31, 1979 and 1978
1 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 G -4
Net Operating Inca me before Depreciation
Less: Depreciation -- Form G -6
Net Operating Income (Loss)
Additions to Income:
Interest earnings - Investment
Trust Fund
Machine conanissions
Check cashing
Game roan receipts
Other
Total Income
Deductions from Income:
Bad checks
Cash short
C%-LWLoss on disposal of fixed assets
Total Deductions from Income
Net Income
Total All Stores
1979 1978
$ 1,220,567 $ 1,064,893
$ 99,636
$
100,288
793,853
5,896
691,408
$ 893,489
$
791,696
92,768
217
99,636
$ 800,721
$
692,060
$ 419,846
$
372,833
34.400
29
35.01%
$ 339,705
$
321,789
$ 80,141
$
51,044
8,940
9,256
$ 71,201
$
41,788
The notes to the financial statements are
an integral part of this statement.
On -Sale Store
1979 1978
$ 351,846 $ 307,086
$ 10,954 $ 9,636
112,229 93,917
$ 123,183 $ 103,553
11,020 10,954
$ 112,163 $ 92,599
$ 239,683 $ 214,487
68.12% 69.90
$ 199,295 $ 190;105
$ 40,388 $ 24,382
5,804 4,895
$ 34,584 $ 19,487
21,270
9,400
7,090
3,134
5,896
4,742
4,732
3,834
418
217
217
84
2,760
2,640
2,760
$ 2,028
1,076
299
53
29
$ 102,621 $ 56,446
$ 49,436 $ 26,568
$ 891 $
1,574
$ 695
$ 1,374
1,039
1,066
412
654
345
$ 2,275 $
2,640
$ 1,107
$ 2,028
$ 100,346 $
53,806
$ 48,329
$ 24,540
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 58
ANNUAL FINANCIAL REPORT
n
0
0
1
Fonn G -2
:$ 140,410 $ 131,684
$ 39,753 $ 26,662
3,136 4,361
$ 36,617 $ 22,301
14,180 6,266
1,164 908
201 133
1,023 270
$ 53,185 $ 29,878
$ 196 $ 200
627 412
345
$ 1,168 $ 612
$ 52,017 $ 29,266
$ - $ 731
$ 69,097
$ 61,956
$ 71,313 $
68,997
Off -Sale Stores
$ 11,220
$ 11,224
$ 28,533 $
16,169
1,109
1,094
1,233
2,042
2,019
TOTAL
$ 10,126
No. 1
$ 26,491 $
No.
2
928
No.
3
1979
1978
$ 18,915
1979 1978
13,863
1979
34,270
1978
17,855
1979
$
1978
$
868,721 .$
$
757,807
$
- $ -
$
405,985
$
360,899
$
462,736
$
396,908
$
88,682
$
90,652
$
- $ -
$
41,055
$
38,356
$
47,627
$
52,296
$
681,624
9
597,491
319,678
290,418
361,946
307,073
$
770,306
$
688,143
$
- $ -
$
360,733
$
328,774
$
409,573
$
359,369
81,748
88,682
35,065
41,055
46,683
47,627
$
688,558
$
599,461
$
- $ -
$
325,668
$
287,719
$
362,890
$
311,742
$
180,163
$
158,346
$
- $ -
$
80,317
$
73,180
$
99,846
$
85,166
(Form F -3)
(Form F-3)
20.74%
20.90%
-%
19.78%
20.28%
21.58%
21.460
:$ 140,410 $ 131,684
$ 39,753 $ 26,662
3,136 4,361
$ 36,617 $ 22,301
14,180 6,266
1,164 908
201 133
1,023 270
$ 53,185 $ 29,878
$ 196 $ 200
627 412
345
$ 1,168 $ 612
$ 52,017 $ 29,266
$ - $ 731
$ 69,097
$ 61,956
$ 71,313 $
68,997
$ - $ ( 731)
$ 11,220
$ 11,224
$ 28,533 $
16,169
1,109
1,094
1,233
2,042
2,019
$ - $(1,840)
$ 10,126
$ 9,991
$ 26,491 $
14,150
$ - $(1,840)
$ - $ (1,840)
CITY OF COLUMBIA NEIGNTS, MINNESOTA 59
7,090
3,133
7,090
3,133
570
444
594
464
201
103
30
928
192
95
78
$ 18,915
$
13,863
$
34,270
$
17,855
$ 120
$
100
$
76
$
100
254
207
373
205
345
$ 374
$
307
$
794
$
305
$ 18,541
$
13,566
$
33,476
9
17,550
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE SCHEDULE OF F=,X E - OFF SALE
For the Years Ended December 31, 1979 and 1978
No. 3
Sales
$
1979
$
194,309
TOTAL OFF SALE
Total
Liquor
Sales
$
868,721
$
355,288
Cost of Sales:
361,946
147,614
Inventory, Beginning
$
88,682
$
72,590
Purchases
46,683
681,624
38,243
264,472
Total Merchandise Available for Sale
$
770,306
T
337,062
Less: Inventory, Ending
99,846
81,748
45,726
66,164
Cost of Sales
$
688,558
$
270,898
Gross Profit (Loss) on Sales -- Form G -2
$
180,163
$
84,390
Percentage of Gross Profit to Sales
20.740
23.75%
No. 2
Sales
$
405,985
$
160,979
Cost of Sales:
Inventory, Beginning
$
41,055
$
33,378
Purchases
319,678
116,858
Total Merchandise Available for Sale
$
360,733
$
150,236
Less: Inventory, Ending
35,065
27,921
Cost of Sales
325,668
$
122,315
Gross Profit (Loss) on Sales
$
80,317
$
38,664
Percentage of Gross Profit to Sales
19.78%
24.02%
No. 3
Sales
$
462,736
$
194,309
Cost of Sales:
Inventory, Beginning
$
47,627
$
39,212
Purchases
361,946
147,614
Total Merchandise Available for Sale
409,573
$
186,826
Less: Inventory, Ending
46,683
38,243
Cost of Sales
$
362,890
$
148,583
Gross Profit (Loss) on Sales
$
99,846
$
45,726
Percentage of Gross Profit to Sales
$
21.58%
23.530
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 60 ANNUAL FINANCIAL REPORT
t
20.43%
13.63% 21.46% 23.620
20.06°
8.53%
CITY OF COLUMBIA
HEIGHTS, MINNESOTA 61
MNUAL
FINANCIAL REPORT
Form G-3
1979
1978
Beer
Other
Total
Liquor
Beer
Other
$
495,924
$
17,509
$ 757,807
$
334,457
$
409,229
$
14,121
$
13,987
$
2,105
$ 90,652
$
76,445
$
12,746
$
1,461
401,426
15,726
597,491
254,806
329,265
13,420
$
415,413
$
17,831
688,143
'
331,251
T342,011
$
14,881
13,538
2,046
88,682
72,590
13,987
2,105
401,875
$
15,785
599,461
258,661
328,024
12,776
$
94,049
$
1,724
$158,346
$
75,796
$
81,205
$
1,345
18.960
9.85%
20.900
22.660
19.84%
9.520
$
238,181
$
6,825
$ 360,899
$
154,528
$
199,632
$
6,739
$
7,010
$
667
$ 38,356
$
32,469
$
5,357
$
530
196,413
6,407
290,418
122,139
162,113
6,161
$
203,423
$
7,074
$ 328,774
$
154,608
$
167,475
$
6,691
6,627
517
41,055
33,378
7,010
667
196,796
$
6,557
287,719
121,230
160,465
6,024
$
41,385
$
268
$ 73,180
$
33,298
$
39,167
$
715
$
17.38%
3.93%
20.28%
21.55%
19.62%
10.61%
$
257,743
$
10,684
$ 396,908
$
179,929
$
209,597
$
7,382
$
6,977
$
1,438
$ 52,296
$
43,976
$
7,389
$
931
205,013
9,319
307,073
132,667
167,147
7,259
$
211,990
$
10,757
$ 359,369
$
176,643
$
174,536
$
81190
6,911
1,529
47,627
39,212
6,977
1,438
T-205,079
$
9,228
T 311,742
137,431
167,559
6,752
$
52,664
$
1,456
$ 85,166
$
42,498
$
42,038
$
630
20.43%
13.63% 21.46% 23.620
20.06°
8.53%
CITY OF COLUMBIA
HEIGHTS, MINNESOTA 61
MNUAL
FINANCIAL REPORT
r
n
Form G- 4
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Years Ended Decenber 31, 1979 and 1978
1979 1978
Sources of Working Capital:
Operations:
Net inome — Form G-2
$
100,346
$
53,806
Items not requiring (providing) working capital:
Depreciation -- Form G-6
8,940
Loss on disposal of fixed assets
345
Working Capital Provided by Operations
$
109,631
$
63,062
Decrease in deferred assets
$
1,572
Total Sources of Working Capital
$
109,631
$
64,634
Uses of Working Capital:
Aquisition of fixed assets — Form G-6
$
4,869
$
2,133
Net Increase (Decrease) in Working Capital
$
104,762
$
62,501
Elements of Net Increase (Decrease) in Working Capital:
Cash $ (13,016) $ 14,749
Investments 90,000 68,000
Accounts receivable (1,657) (8,005)
Inventory (6,868) (652)
Accounts payable 38,178 (9,276)
Accrued liabilities (1,875) (2,265)
Net Increase (Decrease) in Working Capital $ 104,762 $ 62,501
The notes to the financial statements are
an integral part of this staterent e
LCITY OF COLUMBIA HEIGHTS, MINNESOTA 62
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMBINED ON -SALE AND OFF -SALE
COMPARATIVE SCHEDULE OF OPERATING EXPENSES
For the Years Ended December 31, 1979 and 1978
PERSONAL SERVICES:
Salaries - regular employees
Salaries - overtime and part time employees
Interdepartmental labor services
City Contribution to PERA and FICA
Hospitalization - Life insurance
Workmen's and Unemployment Comp
Total Personal Services
OTHER SERVICES & CHARGES:
Contractural Maint. & Repair
Professional Services
Communications
Travel - subscriptions
Utility
Insurance & bonds
Other contractural services
Other charges
Total Other Services & Charges
SUPPLIES:
General supplies
.Bar supplies
Total supplies
Total Operating Expense
1 CITY OF C®«MRte McocUsC WrrraeCnTA
63
$ 2,420
1979
Total
On -Sale No. 1
$ 120,561
$ 57,890 $ -
98,104
64,864
1,363
1,299
20,626
11,028
5,992
3,334
4,406
3,581
$ 251,052
$ 141,996 $ -
$ 2,420
$ 1,168 $
31,228
291328
1,745
759
594
198
13,100
7,439
20,539
8,117
3,675
1,525
5,541
2,057
$ 78,842
$ 50,591 $ -
$ 4,907
$ 1,804 $ -
4,904
4,904
$ 91811
$ 6,708 $ -
$ 339,705
$ 199,295 $ -
(Form G -2)
ANNUAL FINANCIAL REPORT
Form G -5
1979
1978
No. 2
No. 3
Total
On -Sale
No. 1
No. 2
No. 3
$
31,398
$
31,273
$
119,552
$
65,469
$
-
$
24,646
$
29,437
15,977
17,263
90,088
55,284
18,123
16,681
3
61
985
463
211
311
4,576
5,022
20,344
11,436
4,018
4,890
1,419
1,239
5,890
3,877
892
1,121
394
431
7,241
4,908
372.
958
1,003
$
53,767
$
55,289
$
244,100
$
141,437
$
372
$
48,848
$
53,443
$
1,216
$
36
$
3,094
$
1,307
$
-
$
484
$
1,303
940
960
28,709
27,050
359
650
650
554
432
2,127
1,321
427
379
198
198
709
233
238
238
2,439
3,222
10,878
5,811
1,771
31296
5,869
6,553
20,549
6,750
6,796
7,003
1,093
1,057
2,265
1,415
499
351
1,482
2,002
2,554
903
792
859
$
13,791
$
14,460
$
70,885
$
44,790
$
359
$
11,657
$
14,079
$
1,539
$
1,564
$
3,864
$
938
$
-
$
1,451
$
1,475
2,940
2,940
$
1,539
$
1,564
$
6,804
$
3,878
$
-
$
1,451
$
1,475
$
69,097
$
71,313
$
321,789
$
190,105
$
731
$
61,956
$
68,997
CITY OF COLUMBIA
NEIGHTS,
MINNESOTA
64
RNNUAL FINANCIAL
REPORT
?VNICIPAL LIAR FUND
SCHEDULE OF FIXED ASSETS AND DEPRECIATION
For the Year Ended December 31, 1979
Fixed Assets
Balances Balances
1 -1 -79 Additions Disposals 12 -31 -79
On Sale /Lounge Store:
Land
$ 6,440
$
3,170
$
-
$ 9,610
Building
66,417
32,713
99,130
Parking area
8,335
-
8,335
Improvements other than buildings
27,430
10,627
38,057
Fixtures
30,182
5,756
35,938
Equipment:
Store
13,284
-
13,284
Office
735
735
Total
$152,823
$
52,266
$
-
$205,089
Off Sale No. 1 Store: (A)
Land
$ 3,170
$
-
$
3,170
$ -
Building
32,713
32,713
Improvements other than buildings
10,627
10,627
Fixtures
5,756
5,756
Equipment:
Store
-
-
Office
-
-
Total
$ 52,266
$
-
$
52,266
$ -
(A) Off Sale No. 1 Store fixed assets and related allowance for depreciation
were transferred to On Sale /Lounge Store in 1979.
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 65
MNUAL FINANCIAL REPORT
1
1
1
Form G-6
$ 28,726 $ - $
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
$ 28,726
..
ANNUAL FINANCIAL REPORT
Allowance
for Depreciation
Balances
Depreciation
Balances
Net Asset
1 -1 -79
Taken
Additions Deductions
12 -31 -79
Value
$ -
$ -
$ - $ -
$ -
$ 9,610
31,040
1,951
15,393
48,384
50,746
1,320
417
-
1,737
6,598
21,045
1,379
7,577
30,001
8,056
26,362
969
5,756
33,587
2,351
5,692
1,004
6,696
6,583
350
84
434
301
$ 86,309
$ 5,804
$ 28,726 $ -
$120,839
$ 84,250
15,393
15,393
7,577
7,577
5,756
5,756
$ 28,726 $ - $
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
$ 28,726
..
ANNUAL FINANCIAL REPORT
. MNICIPAL LIQUOR FUND
SCHEDULE OF FIXED ASSETS AND DEPRECIATION
For the Year Ended December 31, 1979
Fixed Assets
Balances Balances
1 -1 -79 Additions Disposals 12 -31 -79
Off Sale No. 2 Store:
Land
$
2,765
$
-
$
-
$
2,765
Building
27,637
27,637
LTrovenents other than buildings
7,331
2,'922
10,253
Fixtures
7,054
7,054
Equipment:
Store
2,265
795
1,470
Office
404
404
Total
$
47,456
$
2,922
$
795
$
49,583
Off Sale No. 3 Store:
Land
$
4,360
$
-
$
-
$
4,360
Building
42,623
42,623
Improvements other than buildings
4,698
1,947
6,645
Fixtures
14,791
14,791
Equipments
Store
3,463
1,711
1,752
Office
236
236
Total
$
70,171
$
1,947
$
1,711
$
70,407
Grand Totals
$
322,716
$57,135
$54,772
$
325,079
CITY OF COLUMBIA HEIGHTS, MINNESOTA
67 ANNUAL FINANCIAL REPORT
r
Form G-6
r
D
r
Allowance
for Depreciation
r
Balances
Depreciation
Balances
Net Assets
1 -1 -79
Taken
Additions
Deductions
12 -31 -79
Value
$
$
$ -
$ -
$ -
$
2,765
r
7,876
553
8,429
19,208
3,911
339
4,250
6,003
r1,435
6,355
71
6,426
628
97
795
737
733
229
34
263
141
$
19,806
$
1,094
$ -
$ 795
$ 20,105
$
29,478
r
$
-
13,513
$
-
872
$ -
$ -
$ -
14,385
$
4,360
28,238
4,229
236
4,465
2,180
11,113
740
11,858
2,933
r1,826
172
(1,366)
632
1,120
154
22
176
60
r$
30,840
$
2,042
$ -
$(1,366)
$ 31,516
$
38,891
$
165,681
$
8,940
$ 28,726
$30,887
$ 172,460
$
152,619
(Form
G-2)
(Form G)
(Form G)
D
rI CITY OF COLUMBIA NEIGRTS, MINNESOTA 68
ANNUAL FINANCIAL REPORT
W= UTILITY FUND
COMPARATIVE BALANCE SHEET
Decennber 31, 1979 and 1978
ASSETS
Current Assets:
Cash - Treasurer's balance
Investments (at cost)
Accounts receivable:
Unbilled services
Special assessments:
Current
Delinquent
Other
Meter inventory (at cost)
Total Current Assets
Restricted Assets:
Cash with fiscal agent
General bond debt service: Cash - Treasurer's balanc
Total Restricted Assets -- Fon H -6
Fixed Assets:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Total
Less: Allowance for depreciation
Net Fixed Assets -- Foam H -5
Total Assets
1979
$ 3,840
100,000
144,295
9,180
1,587
100
2,467
$ 25,875
e
a
25,875
$ 45,223
208,787
2,160,893
106,636
2,521,_539
887,295
$ 1,634,244
$ 1,921,588
LIABILITIES, RESERVES, AND RETAINED EARNINGS
Curren i hies:
Accounts payable
Accrued salaries payable
Accrued social security/P.E.R.A. payable
Due to other Governmental units
Due to general obligation bonds of 1965
Total
Current Liabilities (Payable from Restricted Assets):
Matured bonds and interest payable
Bonds payable - general obligation (due within one year)
Total Current Liabilities
Other Liabilities (less current portion above):
Due to general obligation bonds of 1965
Total Liabilities
Reserves:
General debt service
Contributions:
Contributions from customers
Contributions from federal grant
Total Contributions
Retained Earnings (Deficit) -- Foan H -1
Total Liabilities, Reserves
$ 1,370
4,078
913
25,237
10,450
$ 42,048
25,875
$ 67,923
41,250
$ 109,173
$ 1,414,534
453,000
$ 1,867,534
$ (55,119)
$ 1,921,588
Foam H
1978
$ 10,331
95,000
152,304
6,614
2,159
237
3,622
$ 2 7 (T,=
$ 25,862
$ 25,498
$ 45,223
208,787
2,082,397
105,282
843,857
$ 1,597,832
$ 1,893,597
$ 9951
2,736
863
22,256
9,350
$ 36,200
25,862
25,000
$ 87,062
51,700
$ 138,762
$ (25,364)
$ 1,336,039
453,000
T1,789,039
$ (8,840)
$ 1,893,597
and Retained Earnings
The notes to the financial statements are an integral part of this statement.
CITY OF COLUMBIA NEIGHTS, MINNESOTA 69 ANNUAL FINANCIAL REPORT
I'= UTILITY FUND
COMPARATIVE STAT=,IT OF CHANGES IN RETAINED EARNINGS
For the Years Ended December 31, 1979 and 1978
Retained Earnings (Deficit), January 1
Adjustments:
Record portion of fixed assets provided
by prior years operations excluding
contributed capital
Record prior years accumulated
depreciation
Retained Earnings (Deficit), Janaury 1, as adjusted
Reclasify reserve for Sur -tax
Tower construction (sur tax ended August, 1979)
Add:
Net ins for the year -- Form H -3
Total Balance and Additions
Deduct:
Net loss for the year -- Form H -3
Transfer to general obligation bonds:
Garage bonds
Transfer to water revenue bonds
Adjust repayment schedule - Loan from S.S.
Bonds 1965
Appropriation to Central Garage
Fund - Permanent
Total Deductions
Retained Earnings (Deficit), December 31 -- Form H
The notes to the financial statements are
an integral part of this statement.'
[CITY OF COLUMBIA NEIGHTS,`MINNESOTA 70
1979
$ (8,840)
$ (8,840)
18,405
$ 9,565
23,775
15,000
25,909
Form H -1
1978
$ (48,927)
650,871
(800,490)
$(198,546)
214,609
10,621
$ 26,684
15,000
16,800
549
3,175
$ 64,684 $ 35,524
9 (5S _11 Al S (S2 _ PA01
ANNUAL FINANCIAL REPORT
M
Form H -2
WATER UTILITY FUND
STATI12ENT OF CHANGES IN CUSTMER'S CONTRIBUTION
For the Fiscal Year Ended December 31, 1979
Balance - January 1, 1978 $ -
Adjustments:
Record protion of fixed assets provided
by prior years special assessments 1,326,732
Fixed assets provided by special assessments
during 1978 9,307
Balance - December 31, 1978 as adjusted $ 1,336,039
Add:
Fixed assets provided by special assessments
during 1979 78,495
Balance - December 31, 1979 -- Form H $ 1,414,534
WATER UTILI'T'Y FUND
STATII= OF (RANGES IN FEDERAL GRANT CONTRIBUTION
For the Fiscal Year Ended Decemmber 31, 1979
Balance - January 1, 1978
Adjustments:
Record protion of fixed assets provided
by prior years Federal Grant
Balance - December 31, 1978 as adjusted
No Change in 1979
Balance - December 31, 1979 -- Form H
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA BEIGHTS, MINNESOTA
453,000
$ 453,000
$ 453,000
R
71 ANNUAL FINANCIAL REPORT
=R UTILITY FUND
COMPARATIVE STATE6'ZNT CF REVENUE AND EXPENSE
For the Years Ended December 31, 1979 and 1978
Operating Revenues:
Water sales
Hydrant rental
Meter sales (less cost of sales)
Customer service
Penalties
Total Operating Revenue
Operating Expenses:
Source of supply
Distribution:
Personal services
Other services and charges
Supplies
Administration & General:
Personal services
Other services and charges
Supplies
Total Operating Expenses
Net Operating Income Before Depreciation
Less: Depreciation -- Form H -5
Net Operating Income (Loss)
Add: Non - operating income:
Interest earnings
Investment Trust Fund
Certification delinquent utility bills
Miscellaneous
Total Non - operating Income
Deduct: Non - operating expense:
Interest expense (bonds and loan)
Net Income (Loss) -- Form H -1
The notes to the financial statements are
an integral part of this statement.
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 72
1979
$ 478,392
500
1,176
825
2,968
$ 483,861
115,821
26,836
17,155
13,093
11,542
1,045
$ 474,364
$ 9,497
43,437
$ (33, 940)
$ 9,455
1,197
1,864
$ 12,516
2,351
r i)2 "77MN
Form H -3.
1978
$ 486,984
500
254
2,378
2,644
$ 492,760
$ 277,812
102,981
25,410
19,335
11,853
10,969
$ 448,676
$ 44,084
43,367
$ 717
$ 6,580
886
4,409
$ 11,875
1,971
$ 10,621
ANNUAL FINANCIAL REPORT
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Years Ended December 31, 1979 and 1978
1979
Form H -4
1978
Source of Working Capital:
Operations:
Net income (loss) -- Form H -3
$
(23,775)
$
10,621
Water tower sur -tax
18,405
48,602
Items not requiring (providing) working capital:
Depreciation -- Form H -5
43,437
43,367
Workinq Capital Provided by Operations
$
19,662
$
53,988
Contributions from customers
78,496
9,307
Total Sources of Working Capital
$
116,563
$
111,897
Uses of Working capital:
Transfer to water debt service fund
$
25,909
$
16,800
Transfer to garage debt service fund
15,000
15,000
Appropiation to central garage fund
3,175
Adjust repayment schedule - Loan from S.S. Bonds
1965
549
Acquisition of fixed assets -- Form H -5
1,354
1,779
Reduction in amount due other funds
79,850
11,086
Total Uses of Working Capital
$
131,209
$
55,960
Net Increase (Decrease) in Working Capital
$
(14,646)
$
55,937
Elements of Net Increase (Decrease) in Working Capital:
Cash $ (6,491)
Accounts receivable (6,152)
Investments 5,000
Inventory (1,555)
Prepaid expense
Accounts payable (4,748)
Due to other funds (11100)
Net Increase (Decrease) in Working Capital $ (14,646)
The notes to the financial statements are
an integral part of this statement.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 73
$ 9,935
25,254
17,000
(193)
(549)
8,890
(4,400)
$ 55,937
MNUAL . FINANCIAL REPORT
UATER UTILITY FUND
SCHEDULE CF FIXED ASSETS AND DEPRECIATION
For the Year Ended December 31, 1979
CITY OF COLUMBIA HEIGHTS, MINNESOTA 74 ANNUAL FINANCIAL REPORT
Fixed Assets
Balances
Balances
1 -1 -79
Additions Transfers
12 -31 -79
Land
$ 45,223
$ - $ -
$ 45,223
Buildings
208,787
208,787
Improvements Other than Buildings
2,082,397
78,496
2,160,893
Machinery and Equipment
102,563
1,354
103,917
Office Furniture and Equipment
2,719
2,719
Grand Totals
$ 2,441,689
$79,850 $ -
$ 2,521,539
(Form H -4)
(Form H
CITY OF COLUMBIA HEIGHTS, MINNESOTA 74 ANNUAL FINANCIAL REPORT
Form H -5
1
Balances
Depreciation
Balances
Net Assets
1 -1 -79
Taken Deductions
12 -31 -79
Value
$ 1 -
$ - $ -
$ -
$ 45,223
28,811
6,679
35,490
173,297
743,908
30,070
773,978
1,386,915
68,850.
6,587
75,437
28,480
2,289
101
2,390
329
$ 843,858
$ 43,437 $ -
(Form H -3)
$ 887,295
(Form H)
$ 1,634,244
(Form H)
.
1
CITY OF COLUMBIA
HEIGHTS, MINNESOTA 7 S
ANNUAL FINANCIAL REPORT
I
1
1
1
1
I
1
1
Form H -6
WATER UTILITY FUND
SCHEDULE OF CHANCES IN ASSETS RESTRICTED FOR COMRAL BOND DEBT SERVICE
For the Year Ended December 31, 1979
CITY OF COLUMBIA NEIGHTS, MINNESOTA 76
ANNUAL FINANCIAL REPORT
Cash
General
with
Bond
Fiscal
Debt
Total
Agent
Service
Cash Balance, January 1, 1979
$
25,498
$ 25,862
$ (364)
Cash Receipts:
Transfer from operating cash
25,909
25,909
Interest earnings
365
365
Transfer from General Bond Debt Service
cash
25,875
25,875
Total Cash Available
$
77,647
$ 51,737
$ 25,910
Cash Disbursements:
Principal payments
$
25,000
$ 25,000
$ -
Interest payments
862
862
Fiscal agents' fees
35
35
Transfer to fiscal agent
25,875
25,875
Total Disbursements
$
51,772
$ 25,862
$ 25,910
Total Restricted Assets, December 31, 1979
$
25,875
$ 25,875
$ -
(Form H
CITY OF COLUMBIA NEIGHTS, MINNESOTA 76
ANNUAL FINANCIAL REPORT
Form I
SM,MR UTILITY FUND
CCMPARATIVE BAIANCE SHEEP
December 31, 1979 and 1978
ASSN 1979 1978
Current Assets:
Cash - Treasurer's balance
$
11,242
$
315
Investments (at cost) -- Form A -3
Accounts payable
7,450
$ 228
7,450
Accounts receivable:
863
Accrued social security/P.E.R.A. payable
1,000
426
Unbilled services
44,000
83,285
Total Current Liabilities
76,916
Other
Deferred Credits:
987
Revaluation gain:
Due from Metropolitan Waste Control C=Tdssion
Interceptor acquisition by Metropolitan
operating cost adjustment 1978 and 1977
$ 312,457
17,502
Contributions fram custamers
38,445
Total Current Assets
$
120,466
$
123,126
Deferred Assets:
Retained Earnings
$2,041,673
$2,061,433
Due from Metropolitan Waste Control Cutgmission:
Reserve capacity
$
33,953
$
35,183
Interceptor acquisition contract
312,457
293,722
Total Deferred Assets
$
346,410
$
328,905
Fixed Assets:
Land $ 36,586 $ 36,586
Buildings 24,054 24,054
Improvements other than buildings 2,299,298 2,277,949
Diachinery and equipment 171,263 168,257
Total $2,531,201 $2,506,846
Less: Allowance for depreciation 956,404 897,444
Net Fixed Assets -- Form H -6 $1,574,797 $1,609,402
Total Assets $2,041,673 $2,061,433
LIABILITIES, RESERVES, AND =AIIVF•D EARNINGS
Current Liabilities:
Accounts payable
$ 358
$ 228
Accrued salaries payable
2,070
863
Accrued social security/P.E.R.A. payable
1,000
426
Due to Bonds of 1976 Fund
44,000
28,500
Total Current Liabilities
$ 47,428
$ 30,017
Deferred Credits:
Revaluation gain:
Interceptor acquisition by Metropolitan
Waste Control Commission
$ 312,457
$ 293,722
Contributions fram custamers
$1,886,315
$1,864,966
Retained Earnings (deficit) -- Form H -1
$ (204,527)
$ (127,272)
Total Liabilities, Reserves, and
Retained Earnings
$2,041,673
$2,061,433
The notes to the financial statements are an integral part of this statement.
CITY OF COLUMBIA MEI@HTS, MINNESOTA 77 ANNUAL FINANCIAL REPORT
SEWER UTILITY FUND
COMPARATIVE STA'I'EPENIP OF CHANGES IN RMAINFD EAP.�L GS
For the Years Ended Decer)er 31, 1979 and 1978
Retained Earnings, Januar<7 1
Adjustments:
Record portion of Fixed Assets provided
by prior years operations excluding
Contributed Capital
Record prior years accumulated
depreciation
Retained Earnings (deficit), January 1, as adjusted
Add:
Net income for the year -- Form H -3
Total Balance and Additions
Deduct:
Net loss for the year — Form H -3
Appropriations to Capital Projects:
Fifth street storm sewer
Storm sewer projects
Central Ave. urbanization
Transfer to debt services funds
Appropriation to Central Garage Fund
Total Deductions
Retained Earnings (deficit), December 31 -- Form H
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 78
1979
$ (127,272)
Form I -1
1978
$ 125,735
640,225
(838,186)
$ (127,272) $ (72,226)
47,278
$ (127,272) $ (24,948)
$ 43,936
$ -
11,210
3,269
21,749
36,125
30,000
30,000
3,240
$ 77,255
$ 102,324
$ (204,527) $ (127,272)
ANNUAL FINANCIAL REPORT
SINNER UTILITY FUND
STATEr= OF CHANCES D4 CUST01,1ER° S 001URIBUTION
For the Fiscal Year Ended December 31, 1979
Balance - January 1, 1978
Adjustments:
Record portion of Fixed Assets provided
by prior years special assessments
Fixed Assets provided by special assessments
during 1978
Balance - December 31, 1978 as adjusted
Add:
Fixed Assets provided by special assessments
during 1979
Balance - December 31, 1979 — Form I
The notes to the financial statements are
an integral part of this statement.
.CITY OF COLUMBIA HEIGHTS, MINNESOTA 79
Form I -2
S
$ 1,834,699
30,267
$ 1,864,966
21,349
00-1 11 rz
ANNUAL FINANCIAL REPORT
•Foam I -3
CUIPARATIVE STATEMENT OF REVENUE AND EXPENSE
For the Years Ended December 31, 1979 and 1978
Total Operating Expenses $ 490,259 $ 415,747
Net Operating Inca e Before Depreciation $ 90 $ 74,956
Less: Depreciation -- Form I -5 58,960 59,258
Net Operating Income (Loss) $ (58,870) $ 15,698
Add: Non - operating Income:
Interest Earnings - Investment Trust Fund $ 360 $ 180
14etro Waste Control Commission
Interest on deferred current value credit 12,874 8,921
Interest on reserve capacity deferred charges 1,126 1,298
Other Miscellaneous 2,234 3,304
Reimbursement from Fridley S.S. Project No. 12 17,877
Total Non - Operating Income $ 16,594 $ 31,580
Deduct: Non - Operating Income:
Interest Expense 1,710
Net Income (Loss) -- Form I -1 $ (43,986) $ 47,278
The rotes to the financial statements are an integral pa--t of this statement
CITY OF COLUMBIA HEIGHTS, MINNESOTA
80 ANNUAL FINANCIAL REPORT
1979
1978
Operating Revenues:
Sewer service charges - general customers
and interdepartmental
$
486,061
$
485,861
Refunds and Reimbursements:
Metropolitan Waste Control Commission:
Interceptor maintenance
2,886
2,886
S.A.C. charge refund
1,402
1,956
Total Operating Revenues
$
490,349
$
490,703
Operating Expenses:
Disposal - Metro Waste Control Commission
$
337,505
$
302,683
Add (Deduct) experience adjustment for prior years
(17,502)
(38,445)
Net Disposal Charges
T320,003
$
264,238
Collections:
Personal services
92,565
89,745
other services and charges
38,483
20,555
Supplies
17,802
19,792
Administration:
Personal services
12,380
12,346
Other services and charges
8,535
81919
Supplies
491
152
Total Operating Expenses $ 490,259 $ 415,747
Net Operating Inca e Before Depreciation $ 90 $ 74,956
Less: Depreciation -- Form I -5 58,960 59,258
Net Operating Income (Loss) $ (58,870) $ 15,698
Add: Non - operating Income:
Interest Earnings - Investment Trust Fund $ 360 $ 180
14etro Waste Control Commission
Interest on deferred current value credit 12,874 8,921
Interest on reserve capacity deferred charges 1,126 1,298
Other Miscellaneous 2,234 3,304
Reimbursement from Fridley S.S. Project No. 12 17,877
Total Non - Operating Income $ 16,594 $ 31,580
Deduct: Non - Operating Income:
Interest Expense 1,710
Net Income (Loss) -- Form I -1 $ (43,986) $ 47,278
The rotes to the financial statements are an integral pa--t of this statement
CITY OF COLUMBIA HEIGHTS, MINNESOTA
80 ANNUAL FINANCIAL REPORT
F
F
D
D
Ul
Form I -4
SEWER UTIL2'I'Y FUND
CIDIVARATIVE STA- 1ENT OF CHANGES I*d FINANCIAL POSITION
For the Years Ended December 31, 1979 and 1978
1979 1978
Source of 'Working_ Capital:
Operations:
Net income (loss) -- Form I -3 $ (43,986) $ 47,278
Items not requiring (providing) working capital:
Depreciation - Form, I -5
58,960
59,258
lbrking Capital Provided fran Operations
$
14,974
$
106,536
Metropolitan Waste Control Ccrm fission:
Decrease in long -term contract receivable
9,398
13,351
Increase in deferred credit- revaluation 11-ICC
28,133
Decrease in deferred receivable - Reserve Caracity
change
1,230
1,647
Total 'Metropolitan 'Waste Control CaTu. ssion
8
38,761
$
14,998
Contributions from customers
21,349
7 30,267
Total. Sources of .-Working Capital
$
75,084
$
151,801
Uses of Working Capital:
Decrease in deferred credit - revaluation
gain on sale of fixed assets
$
9,398
$
13,351
Increase in long -terra contract receivable T,1gCC
28,133
Appropriation to Capital Projects:
Fifth street storm sewer
11,210
Storm sewer projects
3,269
21,749
Central Ave. urbanization
36,125
Transfer to debt services funds
30,000
30,000
Appropriation to Central Garage Fund
3,240
Additions to fixed assets -- Form I -5
24,355
31,922
Total uses of Working Capital
$
95,155
$
147,597
Net Increase (Decrease) in Working Capital
(20,071)
4,204
Elements of'Net Increase (Decrease) in Working Capital:
Cash $ 10,927 $ (272)
Investments (11, 000)
Accounts receivable 7,356 87
Accounts pavable (11911) 671
Due to Bonds of 1976 Fund (15,500) (28,500)
Due frcm/to Metro Waste Control Cumssion (20,943) 43,218
Net Increase (Decrease) in Working Capital $ (20,071) $ 4,204
The notes to the financial statements are
an integral part of this statement.
1 I CITY OF COLUMBIA !!EIGHTS, MINNESOTA 81 . ANNUAL FINANCIAL REPORT
SEWER UTILITY FUND
SCHEDULE OF FIXED ASSETS AND DEPRECIATION
For the Year Ended December 31, 1979
Fixed Assets
Balances Balances
1 -1 -79 Additions Transfers 12 -31 -79
Land
$ 36,586
$ - $ -
$ 36,586
Buildings
24,054
24,054
Improvements Other than Buildings
2,277,949
21,349
2,299,298
Machinery and Equipment
166,695
3,006
169,701
Office Furniture and Equipment
1,562
1,562
Grand Total
$ 2,506,846
$ 24,355 $ -
$ 2,531,201
(Form I -4)
(Form I)
LITV OF COLUMBIA NEIGHTS, MINNESOTA 82 ANNUAL FINANCIAL REPORT
Form I -5
Balances
Depreciation
Balances
Net Asset
1 -1 -79
Taken Deductions
12 -31 -79
Value
$ -
$ - $ -
$ -
$ 36,586
6,836
601
7,437
16,617
781,761
45,986
827,747
1,471,551
107,677
12,309
119,986
49,715
1,170
64
1,234
328
$ 897,444
$ 58,960 $ -
$ 956,404
$ 1,574,797
(Form I -3)
(Form I)
(Form I)
.CITY OF COLUMBIA MEI6IITS, MINNESOTA
83
ANNUAL FINANCIAL REPORT
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA TINA�1 CIAL 9EPSRT
ER iNDED IJECEMBER 1, 1979
INTERNAL SERVICE 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
Central Garage Fund:
Page
Comparative
Balance Sheet
Form
J
84
Comparative
Statement of
Changes in Retained
Earnings
Form
J -1
85
Comparative
Statement of
Changes in
Municipalities Contribution
Form
J -1
85
Comparative
Statement of
Revenue and Expense
Form
J -2
86
Comparative
Statement of
Changes in
Financial Position
Form
J -3
87
Schedule of
Fixed Assets
and Depreciation
Form
J -4
88
The notes to the financial statements are
an integral part, of these statements.
1
Form J
CENTRAL GARAGE FUND
COMPARATIVE BALANCE SHEET
December 31, 1979 and 1978
ASSETS 1979 1978
Current Assets:
Cash - Treasurer's balance $ 6,593 $ 2,979
Accounts receivable 19 108
Inventory (at cost):
Material and supplies 42,971 29,440
Total Current Assets $49,583 $ 32,527
Fixed Assets:
Office furniture and equipment
$ 741
$
581
Machinery and equipment
63,912
61,984
Total
$64,653
$
62,565
Less: Allowance for depreciation
34,839
29,945
Net Fixed Assets -- Form J -4
$29,814
$
32,620
Total Assets
$79,397
$
65,147
LIABILITIES, CONTRIBUTIONS, AND RETAINED
EARNINGS
Current Liabilities:
Accounts payable
$ 4,358
$
724
Accrued salaries payable
1,512
1,222
Accrued social security /P.E.R.A. payable
692
390
Due to other funds
8,000
-
Total Current Liabilities
$14,562
$
2,336
Contributions:
Municipality's contribution -- Form J -1
$94,653
$
92,565
Retained Earnings (deficit) -- Form J -1
$(29,818)
$(29,754)
Total Liabilities, Contributions,
and Retained Earnings (Deficit)
$79,397
$65,147
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 84
ANNUAL FINANCIAL REPORT
Form J -1
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
For the Years Ended December 31, 1979 and 1978
Retained earnings (Deficit) - January 1
Adjustments:
Record prior years accululated depreciation
Retained Earnings (Deficit) - January 1, as adjusted
Net Income (Loss) -- Form J -2
Retained Earnings (Deficit) - December 31 -- Form J
The notes to the financial statements are
an integral part of this statement.
1979 1978
$ (29,754) $ 1,003
(25,066)
(29,754) (24,063)
(64) (.5,691)
$ (29,818) $(29,754)
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF CHANGES IN MUNICIPALITY'S CONTRIBUTION
For the Years Ended December 31, 1979 and 1978
Balance - January 1
Adjustments:
Record fixed assets provided by prior
year contributions
Balance - January 1, as adjusted
Contributions from user funds
Balance - December 31, -- Form J
The notes to the financial statements are
an integral part of this statement.
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
1979 1978
$ 92,565 $ 22,000
62,565
92,565 84,565
2,088 8,000
$ 94,653 $ 92,565
85 ANNUAL FINANCIAL REPORT
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF REVENUE AND EXPENSE
For the Years Ended December 31, 1979 and 1978
Billing to Departments
Operating Expense:
Mechanics labor
Other services and charges
Supplies
Contractural services
Total Operating Expense
Net Operating Income (Loss) before Depreciation
Less: Depreciation -- Form J -4
Net Operating Income (Loss)
Non - Operating Revenue:
Sale of materials
Net Income (Loss) -- Form J -1
The notes to the financial statements are
an integral part of this statement.
CITY Of COLUMBIA HEIGHTS, MINNESOTA 86
Form J -2
1979 1978
$ 115,767 $ 100,944
71,783
64,875
26,419
20,786
7,817
11,274
5,209
4,942
$ 111,228
$ 101,877
$ 4,539
$ (93 3)
4,894
4,879
$ (355) $ (5,812)
291 121
$ (64) $ (5,691)
ANNUAL FINANCIAL REPORT
Form J -.3
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Years Ended December 31, 1979 and 1978
Sources of Working Capital:
Operations:
Net income (loss) -- Form J -2
Items not requiring (providing) working capital:
Depreciation -- Form J -4
Working Capital Provided by Operations
Contributions
Total Sources of Working Capital
Uses of Working Capital:
Operations:
Net loss -- Form J -2
Items not requiring (providing) working capital:
Depreciation -- Form J -4
Working Capital Required by Operations
Acquisition of fixed assets -- Form J -4
Total Uses of Working Capital
Net Increase (Decrease) in Working Capital
Elements of Net Increase (Decrease) in Working Capital:
Cash
Accounts receivable
Inventory
Accounts payable
Due to other funds
Net Increase (Decrease) in Working Capital:
The notes to the financial statements-are
an integral part of this statement.
CITY OF COLUMBIA NEIGIITS, MINNESOTA 87
1979 1978
$ (64) $ -
4,894
$ 4,830 $. -
2,088 8,000
$ 6,918 $ 8,000
$ - $ 5,691
(4,879)
$ - $ 812
2,088 -
$ 2,088 $ 812
$ 4,830 $ 7,188
$ 3,615 $ 2,920
(89) 100
13,530 2,095
(4,226) 2,073
(8,000)
$ 4,830 $ 7,188
ANNUAL FINANCIAL REPORT
Office Furniture and Equipment $ 581 $ 160 $ 741
co
Machinery and Equipment 61,984 1,928 63,912
Total $62,565 $ 2,088 $ 64,653
(Form J -1) (Form J)
z
c
a
r
z
a
z
n
s
r
rn
0
m
$ 581 $ 8 $ 589 $ 152
29,364 4,886 34,250 29,662
$ 29,945 $ 4,894 $ 34,839 $ 29,814
(Form J -2) (Form J) (Form J)
0
5
C4
i
n
A
O
r
C
3
ao
s
r=w
CENTRAL GARAGE FUND
3C4
SCHEDULE
OF FIXED ASSETS AND DEPRECIATION
For
the Year Ended December 31, 1979
z
z
N
O
Fixed Assets
Allowance for
Depreciation
Balances
Balances Balances
Depreciation
Balances Net Asset
1 -1 -79
Additions 12 -31 -79 1 -1 -79
Taken
12 -31 -79 Value
Office Furniture and Equipment $ 581 $ 160 $ 741
co
Machinery and Equipment 61,984 1,928 63,912
Total $62,565 $ 2,088 $ 64,653
(Form J -1) (Form J)
z
c
a
r
z
a
z
n
s
r
rn
0
m
$ 581 $ 8 $ 589 $ 152
29,364 4,886 34,250 29,662
$ 29,945 $ 4,894 $ 34,839 $ 29,814
(Form J -2) (Form J) (Form J)
0
5
C4
i
t
HE CITX OF COLUM$IA HEIGHTS, MINNESOTA
NNUAj� tINA CIAL EPQRT
EAR tNDED �ECEMBER 31, 1979
TRUST AND AGENCY 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
Page
Combining Balance Sheet Form K 89
Combining Statement of Cash Receipts and
Disbursements Form K -1 90
The notes to the financial statements are
an integral part of these statements.
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
December 31, 1979
Total
ASSETS'
Current Assets:
Cash - Treasurer's balance (deficit) $ (40,627)
Investments (at cost) 80,000
Accounts receivable 500
Accrued interest receivable 43,196
Total Assets $ 83,069
LIABILITIES
Current Liabilities:
State taxes withheld - payable $ 15,769
FICA taxes withheld - payable 15,750
Deposits 51,550
Total Liabilities $ 83,069
The notes to the financial statements are
an integral part of this statement.
Investment
$ (43,196)
43,196
Form K
Escrow
$ 2,569
80,000
500
$ 83,069 1
$ 15,769
15,750
51,550
$ 83,069
CITY OF COLUMBIA HEIGHTS, MINNESOTA 89 ANNUAL FINANCIAL REPORT
1
Form K -1
TRUST AND AGENCY FUNDS
COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1979
Permit
Surcharge
Investment And S.A.C.
Total Trust Escrow Charges
Cash - Treasurer's Balance
January 1, 1979 $
(18,775)
$
(20,991)
$
2,216
$ -
Less: Investments allocated
from other funds
(2,095,040)
(2,095,040)
Balance $
(2,113,815)
$(2,116,031)
$
2,216
$ -
Receipts:
Interest on investments $
166,471
$
166,471
$
-
$
Purchased interest received
46
46
Sale of investments
2,278,012
2,252,012
26,000
Deferred payment - withholding
taxes
129,520
129,520+
Permit Surcharges collected
2,182
2,182
S.A.C. charges collected
12,622
12,622
Deposits received
50,600
50,600
Total Receipts $
2,639,453
$
2,418,529
$
206,120
$14,804
Total Cash Available $
525,638
$
302,498
$
208,336
$14,804
Disbursements:
Refund deposit $
550
$
$
550
$
Purchase interest
1,341
1,341
Interest allocated to
other funds
181,797
181,797
Purchase of investments
2,580,000
2,500,000
80,000
Remittance of withholding
taxes
125,217
125,217
Remittance of licenses and
fees to state
2,182
2,182
Remittance of S.A.C. charge to
Metro waste Control
Commission
12,622
12,622
Total Disbursements $
2,903,709
$
2,683,138
$
205,767
$14,804
Balance $ (2,378,071) $(2,36U,b4U) > Z,Sb`J Z? -
Add: Investments allocated
to other funds $ 2,337,444 $ 2,337,444 $ - - $ -
Cash - Treasurer's Balance
December 31, 1979 --
Form K $ (40,627) $ (43,196) $ 2,569 $
CITY OF COLUMBIA HEIGHTS, MINNESOTA 90 ANNUAL FINANCIAL REPORT
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA TINA CIAL KEPQQRT
EAR kNDED �ECEMBER S1, 1979
GENERAL FIXED ASSETS
GROUP OF ACCOUNTS
TABLE OF CONTENTS
Statement of General Fixed Assets
Form L
The notes to the financial statements are
an integral part of this statement. - (
V
Page
91
STATEMENT OF GENERAL FIXED.ASSETS
December 31, 1979
General Fixed Assets:
Land
Buildings
Improvements other than buildings
Office furniture and equipment
Machinery and equipment
Total - Form A
Investment in General Fixed Assets:
General obiligation bonds:
Library bonds of 1966
Municipal building bonds of 1959
Park bonds of 1962
City garage bonds of 1972
Capital improvement bonds of 1976
Total General Obligation bonds
Grants:
Federal E.D.A. and H.U.D.
State
Total Grants
Revenue Sharing:
Federal
Anoka County
Total Revenue Sharing
Balance from current revenues and contributions
Total Investments in General Fixed Assets
The notes to the financial statements are
an integral part of this statement.
CITY OF COLUMBIA NEIGIITS, MINNESOTA 91
Form L
$ 3,055,657
2,672,299
126,584
618,780
872,369
$ 7,345,689
$ 90,000
150,000
325,000
510,000
929.475
$ 2,004,475
$ 526,290
116,715
$ 643,005
$ 1,029,150
51,550
$ 1,080,700
$ 3,617,509
$ 7,345,689
ANNUAL FINANCIAL REPORT
HE CITE( OF COLUM$IA HEIGHTS, MINNESOTA
NNUAk rTINA�j CIAL EP RT
EAR NDED 1JECEMBER 31, 1979
GENERIL L DEBT
GROUP OF ICCOUNTS
TABLE OF CONTENTS
Statement of.General Long -Term Debt
The notes to the financial statements are
an integral part of this statement.
Page
Form M 92
V
Form M
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1979
AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE
PAYMENT OF GENERAL LONG -TERM DEBT
Amount available in debt service funds $ 418,865
Amount to be provided by future tax levies 911,135
Total Available and to be Provided $1,330,000
GENERAL LONG -TERM DEBT PAYABLE
General obligation bonds payable $1,330,000
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 $105,000 of special assessment bonds recorded in the Special
Assessment Funds. 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.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 92
ANNUAL FINANCIAL REPORT
1
r
f
L
1
L
I
I
C
1
r
1
n
I
HE CIT�INABCIAL OF COLUM IA HEIGHTS, MINNESOTA
NNUA EP RT
EAR kNDED ECEMBER 1, 1979
STATISTICIL SECTIOX
TABLE OF CONTENTS
Assessed Value and Market Value
of all Taxable Property
Table
Tax Rates
Table
City Tax Levy
Table
Tax Levies and Tax Collections
Table
Special Assessment Collections
Table
Revenues - Other than Property Taxes
99
and Special Assessments '
Table
Expenditures for Selected Functions
Table
Statement of Legal Debt Margin
Table
Summary of Debt Service Requirements
to Maturity
Table
Combining Schedule of Bonds Payable
Table
Schedule of Investments
Table
Schedule of Cash and Security for Deposit
Table
Schedule of Insurance in Force
Table
Principal City Officials and Surety
Bonds
Table
Miscellaneous Statistical Facts
Table
Page
1
93
II
95
III
96
IV
97
V
97
VI
99
V11
99
VIII
100
1X
101
X
103
XI
105
X1
107
XIII
109
X I V
111
XV
112
ASSESSED VALUE AND MARKET VALUE
OF ALL TAXABLE PROPERTY
LEVY YEARS 1972 THROUGH 1979
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 1974
24,079 24,079 23,503
$ 53,793,085 $ 56,287,399 $ 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
93
ANNUAL FINANCIAL REPORT
r
Table 2
:3569
1975 (1)
:3233
1976
:2629
1977
3,157
1978
3,504
1979
$ 7,901 $
23,316
10,139
22,324
$ 13,693
21,890
21,300
21,270
$
62,748,967
$
67,746,917
$
68,981,490
$
71,601,406
$
73,741,181
$
(850,697)
$
(850,697)
$
(1,085,236)
$
(1,491,381)
$
(2,000,000)
$
2,619,939
$
2,355,131
$
2,641,684
$
3,311,002
$
3,600,027
$181,360,401
$
198,140,355
$
219,125,884
$248,901,043
$288,414,300
$
1,230,101
$
1,220,899
$
1,213,202
$
1,221,501
$
1,218,792
$
2,860,700
$
2,839,300
$
2,821,400
$
2,840,700
$
2,834,400
$
65,748,310
$
70,472,250
$
71,751,140
$
74,642,528
.$
76,560,000
$184,221,101
$
200,979,655
$
221,947,284
$251,741,743
$291,248,700
:3569
:3506
:3233
:2965
:2629
$ 2,820
3,157
3,279
3,504
3,599
$ 7,901 $
9,003 $
10,139
$ 11,819
$ 13,693
(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 NEIGIITS, MINNESOTA 94
ANNUAL FINANCIAL REPORT
Table II,
TAX
RATES
FEARS 1970
THROUGH 1979
Fiscal
Metro
Year City
School
County
Council
Other (B)
Total
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
1979
21.847
45.036
21.913
2.652
.923
92.371
(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 95
ANNUAL FINANCIAL REPORT
Table III
CITY TAX LEVY
YEARS 1970 THROUGH .1979
(A) All for Storm Sewer Construction except 1976 the $100,000
is for settlement of Sullivan Lake law suit.
(B) In 1979 Civil Defense Fund became a part of the General Fund.
LCITY OF COLUMBIA HEIGHTS, MINNESOTA 96
ANNUAL FINANCIAL REPORT
City
Bonds
Fiscal
Levy
General
Police
Fire
Civil
and
Year
Total
Fund
Relief
Relief
Defense(B)
Interest
Other (A)
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
874,115
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
20,240
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
1979
1,631,608
1,261,108
78,500
47,000
245,000
(A) All for Storm Sewer Construction except 1976 the $100,000
is for settlement of Sullivan Lake law suit.
(B) In 1979 Civil Defense Fund became a part of the General Fund.
LCITY OF COLUMBIA HEIGHTS, MINNESOTA 96
ANNUAL FINANCIAL REPORT
TAX LEVIES AND TAX COLLECTIONS
Years 1974 Through 1979
* 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 1979
Collections
Percentage
Collection
Current Special
Current Collected
of Current
of Levy
of Prior
During Fiscal
Period
During Fiscal Period
Years Taxes
Collected
Year's Taxes
Year
Total Tax
During Fiscal
During Fiscal
During Fiscal
Total
Collected
Levy*
Period
Period
Period
Collections
1978
1974
$ 874,954
$ 863,795
98.7
$ 10,136
$ 873,931
1975
1,022,810
995,242
97.3
16.563
1,011,805
1976
1,139,340
1,117,070
98.0
18,377
1,135,447
1977
1,136,825
1,123,704
98.8
22,470
1,146,174
1978
1,220,013
1,186,640
97.3
16,687
11203,327
1979
1,253,698
1,236,676
98.6
20,648
1,257,324
* 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 1979
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 NEIGRTS, MINNESOTA 97
ANNUAL FINANCIAL REPORT
Percentage of
Current Special
Current Collected
Fiscal
Assessment Becoming Due
Current Special
During Fiscal
Period
During Fiscal Period
Assessments Collected
Period
1975
$ 90,045
$ 49,149
54.6%
1976
107,784
60,320
56.0%
1977
114,673
70,635
61.6%
1978
107,635
68,029
63.2%
1979
160,087
110,534
69.0%
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 NEIGRTS, MINNESOTA 97
ANNUAL FINANCIAL REPORT
t
r
Table IV
Table V
Delinquent Specials
Total Special
Ratio.
Assessments
Collected During
Accumulated
Ratio
Balance Fund
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
100029:1
31,977
.0255:1
Table IV
Table V
Delinquent Specials
Total Special
Deferred Special
Assessments
Collected During
Assessments Delinquent
Collected
Balance Fund
Fiscal Period (A)
At End of Fiscal Period
Fiscal Period
of Fiscal Period
$ 71,642
$ 116,642
$ 75,305
$ 372,361
67,434
111,221
206,197
388,565
65,345
98,553
104,930
388,481
46,218
661142
155,037'
436,962
43,693
71,605
78,080
411,494
(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 NEIGNTS, MINNESOTA 98
ANNUAL FINANCIAL REPORT
Table VI
REVENUES - OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENTS
Years 1970 Through 1979
(A) The years 1970-77-do not include depreciation for Sewer and Water Funds.
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1970 Through 1979
Fiscal
General
Public
Charges for
Licenses
Year
(A)
Fiscal
Revenue From
Use of Money
Service and
and
Fines and
Profits of
Year
Other Agencies
and Property
Other Revenue
Permits
Forfeitures
Pro rietarie
1970
$ 667,175
$ 20,421
$ 294,685
$ 35,278
$ 22,821
$ 341,996
1971
514,253
9,420
282,148
41,438
19,920
287,261
1972
'817,715
44,535
311,790
33,823
13,557
238,732
1973
1,285,224
37,473
312,824
37,216
21,680
308,080
1974
1,070,363
112,407
.329,122
41,259
20,181
361,747 ,
1975
1,304,408
89,266
341,341
47,807
29,573
298,283
1976
1,635,915
172,632
295,683
62,079
47,096
261,837
1977
1,883,756
144,293
342,277
71,228
50,406
128,169
1978
2,059,462
135,292
313,456
76,870
38,191
106,014
1979
2,096,084
179,135
369,891
78,164
49,067
32,521
(A) The years 1970-77-do not include depreciation for Sewer and Water Funds.
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1970 Through 1979
Fiscal
General
Public
Public
78,807
Year
Government
Safety
Works
Sanitation
1970
$ 186,954
$ 468,848
$ 317,633
$ 166,834
1971
203,817
490,800
325,901
175,458
1972
226,527
605,120
357,504
196,700
1973
353,833
685,606
391,057
186,850
1974
311,850
698,704
432,422
208,752
1975
310,540
860,723
457,316
224,569
1976
374,191
875,714
511,377
227,055
1977
406,864
981,059
577,072
233,598
1978
424,527
1,070,279
606,541
246,957
1979
460,152
1,160,243
515,417
255,653
I CITY OF COLUMBIA NEICNTS, MINNESOTA 99
Table VII
Library
Parks and
Recreation
$ 60,186
$ 400,795
78,807
291,204.
75,500
333,047
77,300
369,402
82,500
420,323
147,851
463,877
103,280
512,066
109,635
537,332
121,968
676,027
143,018
547,525
ANNUAL FINANCIAL REPORT
t
1
.1
Table VIII
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1979
Assessed Value $ 76,560,000*
Debt Limit 6.67% of Assessed Value (Note A) $ 5,106,550
Amount of Debt Limit Applicable to Debt Limit:
Total bonded debt $ 1,435,000
Less Note B:
Special assessment bonds $ 105,000 105,000
Total Debt Applicable to Debt Limit $ 1,330,000
Legal Debt Margin $ 3,776,550
Note W:
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 NEICHTS, MINNESOTA 100 ANNUAL FINANCIAL REPORT
SCHEDULE OF DEBT SERVICE RQUIREMENTS TO MATURITY
December 31, 1979
CITY Of COLUMBIA HEIGHTS, MINNESOTA 101
ANNUAL FINANCIAL REPORT
�I
General
Special
Obligation
Bonds
Assessment
Bonds
Principal
Interest
Principal
Interest
1980
$ 285,000
$ 53,357
$ 50,000
$ 4,365
1981
320,000
42,108
50,000
2,315
1982
340,000
29,157
5,000
215
1983
245,000
15,010
1984
140,000
5,040
$1,330,000
$ 144,672
$ 105,000
$ 6,895
CITY Of COLUMBIA HEIGHTS, MINNESOTA 101
ANNUAL FINANCIAL REPORT
�I
Table IX
Total
Principal Interest Total
$ 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
$1,435,000 $ 151,567 $ 1,586,567
CITY OF COLUMBIA HEIGHTS, MINNESOTA 102 MNUAL FINANCIAL REPORT
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1979
SPECIAL ASSESSMENT BONDS:
Permanent Improvement Revolving Bonds of 1972
Non - Callable
Interest Final
Rates and Issue Maturity
Dates Date Date
4.10% 1/1 -7/1
4.20%
4.30%
Total P.I.R. Bonds of 1972
GENERAL OBLIGATION BONDS:
Storm Sewer Bonds of 1965
All Callable after January 1, 1980 in 3.50% 1/1 =7/1
inverse order at par and accrued 3.50%
interest plus a premium of $50 per bond 3.60%
3.60%
3.60%
Total Storm Sewer Bonds of 1965
City Garage Bonds of 1972
Non - Callable
Total City Garage Bonds of 1972
Capital Improvement Bonds of 1976
Non - Callable
Total Capital Improvements Bonds of 1976
Total General Obligation Bonds
Total Bonds Payable - All Funds
kITY OF COLUMBIA HEIGHTS, MINNESOTA 103
4.10% 1/1 -7/1
4.20%
4.30%
4.15% 4/1 -10 /1
4.30%
4.45%
4.60%
7 -1 -72 1 -1 -83
10 -1 -65 1 -1 -85
7 -1 -72 1 -1 -83
4 -1 -76 10 -1 -83
ANNUAL FINANCIAL REPORT
Table X
Annual
Authorized
Serial
and
Payments
Issued
Matured
Outstanding
$ -
$
350,000
$
350,000
$
-
50,000
(80)
50,000
50,000
50,000
(81)
50,000
50,000
5,000
(82)
5,000
5,000
$
455,000
$
350,000
$
105,000
$ -
$
360,000
$
360,000
$
-
85,000
(80)
85,000
85,000
95,000
(81)
95,000
95,000
105,000
(82)
105,000
105,000
130,000
(83)
130,000
130.,000
140,000
(84)
140,000
140,000
$
915,000
$
360,000
$
555,000
$ -
$
350,000
$
350,000
$
-
50,000
(80)
50,000
50,000
50,000
(81)
50,000
50,000
60,000
(82)
60,000
60,000
$
510,000
$
350,000
$
160,000
$ -
$
405,000
$
405,000
$
-
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
$
405,000
$
615,000
$1,330,000
CITY OF COLUMBIA HEIGHTS, MINNESOTA
104
ANNUAL FINANCIAL REPORT
SCHEDULE OF INVESTMENTS
December 31, 1979
Federal National Mortgage Assoc.
Repurchase Agreement
Repurchase Agreement
FHLB Discount Notes.
U.S. Treasury Bills
Repurchase Agreement
U.S. Treasury Bills
Federal Farm Credit Notes
Federal Farm Credit Bank
Federal Home Loan Bank
Federal National Mortgage Assoc.
U.S. Treasury Notes
Federal Home Loan Bank
U.S. Treasury Notes
U.S. Treasury Notes
City of Columbia Heights Bonds
Storm Sewer of 1965
Ginny Mae
I .CITY OF COLUMBIA HEIGHTS, MINNESOTA
Date
Yield Acquired
9.50 7 -2 -79
13.00 12 -20 -79
10.12 8 -1 -79
11.29 9 -13 -79
10.06 8 -16 -79
14.25 11 -21 -79
9.45 7 -16 -79
11.30 10 -1 -79
14.35 11 -1 -79
9.65 11 -27 -78
8.70 7 -10 -78
9.00 7 -16 -79
11.48 12 -4 -79
11.35 10 -10 -79
11.30 12 -4 -79
4.83 10 -1 -69
7.58 3 -23 -77
Maturity
Date
1 -7 -80
1 -25 -80
1 -28 -80
2 -4 -80
2 -14 -80
3 -20 -80
6 -24 -80
7 -1 -80
8 -4 -80
8 -25 -80
10 -10 -80
6 -30 -81
8 -25 -81
9 -30 -81
11 -30 -81
1 -1 -84
3 -1 -06
Par
Value
$100,000
100,000
100,000
100,000
100,000
300,000
150,000
100,000
100,000
200,000
150,000
300,000
150,000
100,000
100,000
10,000
194,284
$2,354,284
105 ANNUAL FINANCIAL REPORT
Table XI
Unamortized
Unamortized
Book
Discount
Premium
Value
Summary
By Fund
$ 176
$ -
$ 99,824
General
Fund -
Form B
$
9021444
100,000
Special
Revenue Funds
100,000
Form C
110,000
1,050
98,950
Capital
Project Funds
Form D
570,000
1,183
98,817
Enterprise Funds
300,000
Form E
367,450
6,432
143,568
Trust and Agency Funds
Form J
80,000
100,000
General
Debt Service
100,000
Funds -
Form L
315,000
139
200,139
$ 2,344,894
15
150,015
543
300,543
1,750
151,750
1,800
98,200
1,354
101,354
2,550
7,450
194,284
$ 13,191
$ 3,801
$2,344,894
I CITY OF COLUMBIA HEIGHTS, MINNESOTA 106
ANNUAL FINANCIAL REP0RT
STATEMENT OF CASH AND SECURITY FOR DEPOSIT
December 31, 1979
MARQUETTE NORTHEAST STATE THIRD
STATE BANK OF BANK - COLUMBIA NORTHWESTERN
COLUMBIA HEIGHTS HEIGHTS OFFICE NATIONAL BANK
SECURITY FOR DEPOSIT
U.S. Treasury Notes
$
50,000
$
500,000
Municipal Bonds
50,000
Total
$
100,000
$
500,000
90% of security applicable to
pledge requirement
90,000
450,000 $ -
F.D.I.C. and S.L.I.C.
40,000
40,000 100,000
Total Security
$
130,000
$
490,000 $ 100,000
BANK BALANCE
General account
$
-
$
29,143
Payroll account
30,374
Daily interest saving accounts
Total Cash Applicable to Security
$
30,374
$
29,143
Bank balances -
General and payroll accounts
$
30,374
$
29,143
Add:
Deposits in transit - General
34,919
Payroll withold taxes in escrow
31,516
Deduct:
Outstanding checks
61,899
221,125
Bank error
5,000
Book Balance
$
(9)
$
(162,063)
I.CITY OF COLUMBIA IIEIGIITS, MINNESOTA 107
ANNUAL FINANCIAL REPORT
FIDELITY BANK TWIN CITY
AND TRUST CO. FEDERAL
FIRST
HOME FEDERAL BROOKDALE
SAVINGS STATE BANK
Table XII
TOTAL
$ - $
-
$
-
$
-
$
540,000
100,000
100,000
8,165
100,000
Capital Projects Funds --
100,000
5,418
580,000
$ 100,000 $
100,000
$
100,000
$
100,000
$
1,120,000
Trust and Agency Funds --
$
-
$
-
$
-
$
29,143
30,374
100,000
75,000
50,000
225,000
$
100,000
$
75,000
$
50,000 (A)
$
284,517
$
100,000
$
75,000
$
50,000
$
284,517
N
$ 100,000 $ 75,000
Bank Balance by Funds
$ 50,000
34,919
31,516
283,024
5,000
$ 62,928
General Fund --
Form B $
49,054
(A) Performance bond
Special Revenue Funds --
Form C
12,767
for garbage service
Debt Service Funds --
Form D
8,165
contract - Dick's
Capital Projects Funds --
Form E
5,418
Sanitary Service, Inc,
Special Assessment Funds --
Form F
4,184
Proprietary Funds --
Form A -3
23,967
Trust and Agency Funds --
Form K
(40,627)
$ 62,928
[CITY OF COLUMBIA HEIGHTS, MINNESOTA 108
ANNUAL FINANCIAL REPORT
SCHEDULE OF INSURANCE IN FORCE
December 31, 1979
Type of Coverage
All Risk Coverage under the Public and
Institutional Property Policy
(90% Coinsurance -$500 Deductible)
Central Avenue Liquor Store
40th Avenue Liquor Store
University Avenue Liquor Store
Policy Period
from to
1 -1 -79 12 -31 -79
Building
or Structure Contents
$ 15,000
45,000
55,000
$ 115,000
(90% Coinsurance -$500 Deductible)
City Hall
$1,344,000
$ 220,000
Library
569,370
183,920
City Garage
948,415
88,000
Liquor Store - Central
362,470
81,180
Liquor Store -40th Avenue
75,040
7,390
Liquor Store - University Avenue
122,750
11,190
Community Center
610,735
30,250
Parks (7)
612,205
1,980
Well House -La Belle Park
2,855
Bandstand
14,110
Bath House - Silver Lake
33,935
Warming Houses - Silver Lake
10,530
Lift Stations (3)
11,255
Water Tower
319,870
Pump Stations (2)
60,705
50,545
Warehouse- Cement
8,400
1,210
Warehouse -Metal
4,255
Water Meter Vault
3,300
$5,110,900
$ 678,965
($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 OEICNTS, MINNESOTA 109
$ 706,762
$ 501,032
ANNUAL nNANCIAL REPORT
1
1
1
1
1
1
1
1
1
Type of Coverage
Boiler explosion
Workman's Compensation
Comprehensive Auto Liability
Bodily Injury
Property Damage
Uninsured Motorists
Automobile Physical Damage
Comprehensive Bus Liability
Bodily Injury
Property Damage
Uninsured Motorists
Comprehensive General Liability
Bodily Injury
Property Damage
Statutory Liquor Legal Liability
Table XIII
Policy Period
from to
1 -1 -79 12 -31 -79 $100,000 per accident (City
Hall, Field House, Municipal
Service Building.)
1 -1 -79 12 -31 -79 Statutory
1 -1 -79 12 -31 -79
1 -1 -79 12 -31 -79
$50/300,000
$ 50,000
$ 50,000
$35/300,000/200,000 ($500
deductible on Police and
Fire vehicles.)
$100/300,000
$ 50,000
$ 50,000
1 -1 -79 12 -31 -79
$300,000 ($250 Deductible)
$ 50,000
1 -1 -79 12 -31 -79 $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 110
ANNUAL FINANCIAL REPORT
Table XIV
PRINCIPAL CITY OFFICALS
AND SURETY BONDS
Year Ended December 31, 1979
Name
Official Title
Mayor and Council:
Bruce G. Nawrocki
Mayor
E. "Sebe" Heintz
Councilman
Kenneth E. Hentges
Councilman
Walter.S. Logacz
Councilman
Gayle R. Norberg
Councilman
Administration:
Robert S. Bocwinski
City Manager
Timothy Yantos
Administrative Assistant
John E. Schedler
City Clerk - Treasurer - Finance Director -
Liquor Operations Manager
Ronald Kalina
City Attorney
Fred Salsbury
Public Works Director
George Brown
City Engineer
Mildred Carlson
City Assessor
Stuart Anderson
Chief of Police
Donald Johnson
Chief of Fire
Max Thomas (A)
Liquor Store Manager
Arden Hovland
Building Inspector
Martin Gavic
Plumbing Inspector
R.E. Petersen
Heating Inspector
Donald Weinand
Electrical Inspector
Allen Carlson
City Planner
Mitch DeMars
Street Superintendent
Donald Jolly
Water and Sewer Superintendent
Thomas Rejzer
Acting Park Superintendent
Linda Hansen
Recreation and Community Services Director
Amount of
Surety Bond
$ 25,000
$ 25,000
$ 25,000
In addition to the positions listed 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 NEIGHTS, MINNESOTA 111
ANNUAL FINANCIAL REPORT
MISCELLANEOUS STATISTICAL FACTS
1979
Date of Incorporation
March 14, 1898
Date of Adoption of City Charter
July 21, 1921
Form of Government
Council- Manager
Fiscal YeartBegins
Janudry 1
Area of City
3.52 Square Miles
Miles of Streets and Alleys:
Trunk Highways
3.0
County
6.2
Other
57.8
Alleys
15.9
Miles of Sewers:
Storm Sewers
32.6
Sanitary Sewers
59.8
Watermain Miles
65.6
Building Permits:
1970
655
1971
613
1972
518
1973
529
1974
485
1975
608
1976
595
1977
658
1978
687
1979
663
Estimated Cost:
1970
$ 1,251,172
1971
4,044,282
1972
2,180,740
1973
2,032,525
1974
2,916,519
1975
3,148,524
1976
3,412,415
1977
4,701,644
1978
6,996,678
1979
3,316,115
CITY OF COLUMBIA NEIGRTS, MINNESOTA 112
0
ANNUAL FINANCIAL REPORT
1
1
1
1
1
1
1
1
1
1
1
1
1
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
Prochial Elementary
Employees: (as of December 31, 1979)
Regular
Part time
Temporary
Elections:
Registered voters - last city general election
Number of votes cast last city 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
1978
1979
I CITY OF COLUMBIA MEIGNTS, MINNESOTA 113
Table XV
1
8
20
1
23
13
1
1
1
2
5
1
112
50
25,
179
11,473
4,297
37.4%
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
21,270
ANNUAL .FINANCIAL REPORT