HomeMy WebLinkAbout1980 CAFREm, "I
FINANCIAL
OF THE
CITY OF
COLUMBIA HEIGHTS, MINNESOTA 55421
590 FORTIETH AVENUE N.E.
FOR THE YEAR ENDING
DECEMBER 31, 1980
FINANCE DEPARTMENT
JOHN E. SCHEDLER, FINANCE DIRECTOR
MEMBER OF MUNICIPAL FINANCE OFFICERS' ASSOCIATION
OF THE UNITED STATES AND CANADA
telephone: 788 -9221 (612)
HE CIT�INANCIAL OF COLUM9IA HEIGHTS, MINNESOTA
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EAR �NDED DECEMBER L ix
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 Statement of Revenues, Expenses, and
Changes in Retained Earnings - All
Proprietary Fund Types
Form A -3
16
Combined Statement of Changes in Financial
Position - All Proprietary Fund Types
Form A -4
18
Notes to Financial Statements
20
B. Combining and Individual Fund and
Account Group Statements and Schedules
General Fund
Form B
27
Special Revenue Funds
Form C
36
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA TINA�CIAL EP RT
EAR kNDED llECEMBER 1, 1980
Debt Service Funds
Form D
45
Capital Projects Funds
Form E
49
Special Assessment Funds
Form F
53
Enterprise Funds:
Combining Balance Sheet
Form G
55
Combining Statement of Revenues, Exnenses,
and Changes in Retained Earnings
Form G -1
57
Combining Statement of Changes in Financial
Position
Form G -2
59
Municipal Liquor Fund
Form H
61
Water Utility Fund
Form I
71
Sewer Utility Fund
Form J
77
Internal Service Fund:
Central Garage Fund
'Form K
84
Statement of General Fixed Assets
Form L
88
Statement of General Long -term Debt
Form M
89
III. STATISTICAL SECTION
Assessed Value and Market Value of all
Taxable Property
Table I
92
Tax Rates
Table II
94
City Tax Levy
Table III
95
Tax Levies and.Tax Collections
Table IV
96
Special Assessment Collections
Table V
96
Revenues - Other than Property Taxes
And Special Assessments
Table VI
98
Expenditures for Selected Functions
Table VII
98
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA�NDED T INA�C IAL EP RT
EAR llECEMBER L,M
Statement of Legal Debt Margin
Table
VIII
99
Combining Schedule of Bonds Payable
Table
IX
100
Schedule of Investments
Table
X
104
Schedule of Cash and Security for Deposit
Table
XI
106
Schedule of Insurance in Force
Table
XII
108
Principal City Officials and Surety Bonds
Table
XIII
110
Miscellaneous Statistical Facts
Table
XIV
111
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1980
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 DEPARTMENT
John E. Schedler Director
William Stawarski City Accountant
CITY OF COLUMBIA NEIGNTS, MINNESOTA
ANNUAL FINANCIAL REPORT
i
DEPARTMENTS DIVISIONS
�
�s�
\ e {e Regular
Reserves
Regular
Volunteers POLICE
Reserves >\<\
Accounting
City Clerk
Elections
Utility Billing FIRE
Collections
Liquor
Bar
No. 2 Off Sale
No. 3 Off Sale
)FINANCE /
Inspections
Licenses 6 Permits ADMINISTRATIV
Planning SERVICES
Assessing
Engineering
Streets
Water Maintenance
Sewer Maintenance
Parks - Admin.
Maintenance
Central Garage
PUBLIC
WORKS
LIBRARY
GENERAL
GOVERNMENT
BUILDINGS
I CITY OF COLUMBIA NEIGNTS, (MINNESOTA
LEGAL
CITY
MANAGER
ADMINISTRATIVE
ORGANIZATION
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
MAYOR
COUNCIL
MEMBERS
ELECTORS
RECREATION b INDEPENDENT
COMMUNITY SCHOOL DIS-
SERVICES TRICT #13
COMMISSION
COMMISSIONS AND BOARDS
RECREATION &
COMMUNITY
SERVICES
Planning and Zoning
Recreation S Community
Services
Park
Traffic
H RA
Library
Human Services
Police & Fire Civil
Service
Charter
Downtown Development
ANNUAL FINANCIAL REPORT
n
CITY
® OF CITY OF COLUMBIA HEIGHTS
5:90. 40th Ave. N 'E' .
-.
.___(612)T 7aa- 9221.
1 April 27, 1981
Mr. Robert S. Bocwinski
City Manager
City of Columbia Heights
Dear Mr. Bocwinski:
Also inherent in this controlling function is the management
Bruce G. Nawrocki, Mayor
E. "Sebe" Heintz, Councilmember Walter Logacz, Councilmember
' Gayle R. Norberg, Councilmember Kenneth E. Hentges, Councilmember
EQUAL OPPORTUNITY EMPLOYER
The annual financial report of the City of Columbia Heights, Minnesota
for the year ended December 31, 1980 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 introductory
section and contains the Table of Contents, Letter of Transmittal, Admin-
istrative 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 reference
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 unrelated 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 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 1979.
CITY FINANCIAL ACTIVITY HIGHLIGHTS DURING 1980
* The payment of $392,723 in principal and interest of scheduled bond
maturities.
* Interest earnings were at an all time high totaling $460,816.
* General Fund Revenues exceeded expenditures by $196,348.
GENERAL FUND
On December 31, 1980 the fund balance of the General Fund totaled
$1,508,906 of which $287,030 is appropriated for the 1981 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
General Unappropriated Fund Balance
Fund Budget Beginning of Year
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
1981
3,978,165
1,508,906
37.9
CITY OF COLUMBIA BEISNTS, 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 $3,510,082
in 1980, an increase of.$325,717 or 10.2% over the previous year. The
following table presents an analysis of the major revenue sources of the General
Fund for 1980 and its change from 1979.
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 1980 and
1979. ,
Levy Limit Base
Less: State aids applicable to levy
limitations
!%dd: Base Adjustment
Levy Limit before special levies
Plus: Special levies allowed:
Debt Service
Other
Total allowable levy
Total levy certified
.CITY OF COLUMBIA NEIGNTS, MINNESOTA 3
1980 1979
$ 2,304,871 $ 2,171,007
(1,305,720) (1,143,302)
27,400
$ 1,026,551 $ 1,027,705
290,000 245,000
438,140 491,568
$ 1,754,691 $ 1,764,273
$ 1,631,608 $ 1,631,608
ANNUAL FINANCIAL KPORT
1980
Percent
Increase (Decrease)
Revenue Source
Amount
of Total
from 1979
General Property Taxes $
943,972
26.9%
$ (100,408)
Licenses and Permits
68,710
2.0
(9,454)
Intergovernmental Revenue
1,828,040
52.1
256,313
Charges for Services
353,939
10.1
19,538
Fines and Forfeits
72,274
2.1
23,207
Miscellaneous Revenue
155,993
4.4
65,512
Expenditure Reimbursements
16,119
.4
798
Transfers - In
71,035
2.0
70,211
Totals $
3,510,082
100.0%
$ 325,717
From the above table, it is
apparent that
the major
sources available
for funding the general operations is the
property tax
(26.9 %) and inter-
governmental revenue (52.11%), 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 1980 and
1979. ,
Levy Limit Base
Less: State aids applicable to levy
limitations
!%dd: Base Adjustment
Levy Limit before special levies
Plus: Special levies allowed:
Debt Service
Other
Total allowable levy
Total levy certified
.CITY OF COLUMBIA NEIGNTS, MINNESOTA 3
1980 1979
$ 2,304,871 $ 2,171,007
(1,305,720) (1,143,302)
27,400
$ 1,026,551 $ 1,027,705
290,000 245,000
438,140 491,568
$ 1,754,691 $ 1,764,273
$ 1,631,608 $ 1,631,608
ANNUAL FINANCIAL KPORT
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 1978
through 1980 was as follows:
1980
City's taxable value:
Personal property $ 1,218,792
Real estate 73;741;181
Sub -Total Y 74,959,973
Areawide allocation:
Contribution to "pool "$( 1,840,970)
Distribution from "pool" 4,062,894
Net Increase $ 2;221,924
Combined Value $ 77,181,897
1979
$ 1,221,501
71,601,406
$ 72,822,907
$ (1,491,381)
3,311,002
$ 1,819,621
$ 74,642,528
1978
$ 1,213, 202
68,981,490
$ 70,194,692
$ (1,085,236)
2,641,684
$ 1,556,448
$ 71,751,140
Actual taxes received from the fiscal disparities allocation amounted to
$85,771 in 1980, to $70,023 in 1979, and $52,756 in 1978. This represents
a small amount of property tax relief to Columbia Heights taxpayers.
It should be remembered that, regardless of how much "new revenue" is re-
ceived from fiscal disparites, the revenue is part of the tax controlled
by the levy limit within which the City must still operate.
PROPERTY TAX AND SPECIAL ASSESSMENT COLLECTIONS
It is the City's policy to offset any property taxes not received with
an equal allowance for uncollectible amounts. Therefore, any delinquent
taxes, or unremitted current taxes are not recognized as revenue until
received in cash, and are used to finance the budget in the year in which
they are received.
SPECIAL REVENUE FUNDS
The municipal State -Aid Street Fund was established to receive gasoline
tax apportionments from the state which are used to construct state -aid
streets. In 1980, apportionments and interest earnings of $189,709 were
received. The fund balance, now dedicated to construction of state -aid
streets, at December 31, 1980 is $406,406.
CITY OF COLUMBIA NEIGNTS, MINNESOTA
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ANNUAL nNANCIAL 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.l, 1972 to December
31, 1976. Federal amendments to the law reauthorized appropriations through
September 30, 1983. The following table reflects the use of Revenue Sharing
through December 31, 1980: Fund _
Balance
Revenue Sharing Interest Capital Year
Revenue Earnings Total Projects Operations Total End
1972
$120,859
$ -
$120,859
$ -
$ -
$ -
$120,859
1973
140,575
9,202
149,777
110,239
14,606
124,845
145,791
1974'
144,256
12,834
157,090
145,830
4,158
149,988
152,893
1975
154,036
11,530
165,566
187,572
30,488
218,060
100,399
1976
157,339
10,907
168,246
158,164
68,528
226,692
41,953
1977
159,482
6,257
165,739
108,928
25,478
134,406
73,286
1978
178,817
5,800
184,617
179,120
12,723
191,843
66,060
1979
176,635
9,584
186,219
112,904
18,189
131,093
121,186
1980
160,131
12,872
173,003
110,709
29,357
140,066
154,123
In 1981
it is estimated that the City will receive
$15.2,000
in revenue
sharing
payments
and $5,000 interest earnings.
The adopted
1981 budget
includes $3,380
for general operations
and $237,805 for
capital projects,
leaving
an estimated
fund balance of $9,230
as of December 31, 1981.
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 1980 expenditures of $180,274 exceeded revenues by $16,709 thus decreasing
the fund balance to $11,846.
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 propietary funds. As of December 31, 1980, the general fixed assets of
the City thus far recorded amount to $9,157,408. 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 propietary 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 1981 further work is planned
to develop 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 NEIGMTS, MINNESOTA 5 ANNUAL FINANCIAL REPORT
ENTERPRISE FUNDS
Liquor Operation
Total sales were $1,301,856, an increase from 1979 of $81,289. Total
net income was $103,614, an increase of $3,268 from 1979. Net income for
the Off -Sale Stores increased (no.2 $11,119 and No-3 $13,510), while the
bar net income decreased $21,367.
WATER UTILITY
The Water Utility Fund had a 1980 net operating loss of $13,172 on a an
increase in revenues compared to a net loss of $23,775 in 1979. A
33.3% rate increase to water users' will go into effect January 1, 1981
to cover the last two cost of water increases (14.6% December 1979 and
18.2% December 1980) now charged by the City of Minneapolis. In 1980 a
volume increase of 12,864,000 cubic feet to an annual usage of 92,717,300
cubic feet was experienced. The volume level rose to the second highest
point in the past seven (7) years. In addition, the fund transferred
$15,000 to Debt Service Funds.
SEWER UTILITY
The Sewer Utility Fund with a 15.3% increase in revenues had a net
income of $6,961 in 1980 compared to a net loss of $43,986 in 1979.
The Sewer Fund transferred $30,000 to Debt Service Funds in 1980.
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 1980, the City assessed
$41,838 of benefits to property owners.
of the $422,100 deferred tax levies scheduled for collection in 1980,
$132,100 was cancelled. A tax levy of $290,000 was made and 98.3% of the
levy was collected in 1980.
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 $20,376_as of December-31, 1980._ _
Depreciation, although not considered in the initial years, will be a factor in
future user rates.
CITY OF COLUMBIA NEIGHTS, MINNESOTA
2
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 1980 than in preceding years and the average amount of idle funds
increased only slightly in 1979. Interest earnings for the past six years
is as follows:
Year
Earnings
Yield
1974
$101,498
-
1975
87,612
8.34%
1976
121,051
7.75%
1977
114,186
5.69%
1978
119,918
6.29%
1979
181,797
9.21%
1980
229,978
11.14%
The 1980 earnings were distributed to .the following funds:
0
General $ 65,200
Revenue Sharing 12,810
Municipal State -Aid Street 667
Capital Improvements 55,930
Debt Service 50,917
Liquor. 36,773
Water 7,681
$229,978
r
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 MEIGHTS, MINNESOTA 7 ANNUAL FINANCIAL REPORT
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, and to Jackie for her precise typing of this document.
Respectfully submitted,
John E. Schedler
Finance Director
CITY OF COLUMBIA NEIGNTS, MINNESOTA 8
ANNUAL FINANCIAL REPORT
GEORGE M. HANSEN COMPANY, P.A.
A Professional Corporation of Certified Public Aeeountants
175 SOUTH PLAZA BUILDING
MINNEAPOLIS, MINNESOTA 55416
ACCOUNTANTS' REPORT
The City Council
City of Columbia Heights, Minnesota
We have examined the combined financial statements of the City of Columbia
t Heights, Minnesota, as of and for the year ended December 31, 1980, as listed
in Section II -A of the table of contents. Our examination was made in accord-
ance 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 combined financial statements referred to above present
fairly the financial position of the City of Columbia Heights, Minnesota, at
December 31, 1980, and the results of its operations and the changes in financial
position of its proprietary fund types for the year then ended, in conformity
' with generally accepted accounting principles applied on a basis consistent with
that of the preceding year.
' Our examination was made for the purpose of forming an opinion on the combined
financial statements taken as a whole. The combining, individual fund, and
account group financial statements and schedules listed in Section II -B of the
table of contents are presented for purposes of additional analysis and are not
a required part of the combined financial statements of the City of Columbia
Heights, Minnesota. The information has been subjected to the auditing proce-
dures applied in the examination of the combined financial statements and, in
our opinion, is fairly stated in all material respects in relation to the
combined financial statements taken as a whole. Our examination did not include
the statistical information presented in Section III.
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HE CITX OF COLUM WiRT HEIGHTS, MINNESOTA
NNUAINA CIAL
iNDrED EAR �JECEMBER 1, 1O
GE.XERAL PURPOSE
FINANCIAL 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 requirinq 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 Statement of Revenues, Expenses and
Changes in Retained Earnings - All Proprietary
Fund Types Form A -3
Combined Statement of Changes in Financial Position
- All Proprietary Fund Types Form A -4
Notes to Financial Statements
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Form A
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1980
Totals
Government Fund Types Proprietary Fund Types Account Groups (Memorandum Only)
Special General General Decem- Decem-
Special Debt Capital Assess- Internal Fixed Long -Term ber 31, ber 31,
1980 1979
ASSETS General Revenue Service Pro'e7 cts ments Enterprise Service Assets Debt
- $ 162,990 $ 74,153
Cash
$ 7.285 $ (3,766)$ 8,943 $ 157,948 $ (52,182) $ 16,171 $ 1,646 $ - $ 169,407 341,490
117,225 9,126,249 2,344,894
Cash with fiscal agent
1,110,955 132,000 1,011,000 6,371,844 45,000 449,450 6,0
Investments, at cost
Receivables (net of allowances
19,442
6,074
for uncollectables):
18,547
543
352
350,333
275,394
Accounts receivable
Unbilled accounts receivable
54,570
87,161
295,763
8,678
95,839
80,785
Special assessments receivable
67,495
49,848
117,343
388,350
43,196
442,200
Accrued interest receivable
347,100
41,250
515,681
314,307
Due from other funds
from other governmental units
9,382
472,758
33,541
124,233
48,164
172,397
138,206
Due
Inventory of supplies, at cost
25,875
Restricted assets:
Cash with fiscal agent
60,500
117,600
Deferred receivables:
60,500
32,630
33,953
Taxes receivable
32,630
602,047
411,494
Accounts receivable
602,047
302,683
312,457
Special assessments receivable
302,683
3,025,100
3,123,644
3,154,201
Contracts receivable
98,544
2,672,299
3,076,984
3,074,530
Land
404,685
191,431
4,722,490
4,650,064
Buildings
improvements other than buildings
4,531,059
5,765
741
624,807
631,313
620,896
Office furniture and equipment
355,747
63,912
903,578
1,323,237
1,288,470
Machinery and equipment
1,740,193
1,740,193
(2,165,536)
(2,050,998)
Construction in proqress
(2,125,768)
(39,768)
1,035,023 1,035,023
418,865
Allowance for depreciation
Amount available in Debt Service
Funds
8,184,977 8 189,977
911,135
Amount to be provided for retirement
of general long -term debt
80,695 $
9,157,408
$9,220,000$
$17,029,241
$1,615,334
$
601,535 $1,178,418 $6, 579,640 $ 821,653
$ 4,533,533 S
TOTAL ASSETS
M M M M M M ® M M ® ® ® ® M M M ® M
M M M M M M M M M M ® M M ® ® ® M M M
!'!
Form
A
F"
�
COMBINED BALANCE SHEET
- ALL FUNDS
TYPES AND ACCOUNT GROUPS
(Continued)
3
_W
December
31, 1980
30
Totals
0�1
C9
Government Fund Types
Proprietary
Fund Types
Account Groups
(Memorandum Only)
30
Special
General General
Decem-
Decem-
LIABILITIES AND FUND EQUITY
Special
Debt
Capital
Assess-
Internal
Fixed Long -Term
ber 31,
ber 31,
General
Revenue
Service
Projects
ments
Enterprise
Service
Assets Debt
1980
1979
Z
Liabilities:
Accounts payable
$ 29,657
$ 9,518
$ -
$ 180 $
- $
23,036
$ 4,172
$ - $ -
$ 66,563 $
38,901
43,195
87,681
CD
Contracts payable
38,901
13,932
2,246
87,192
49,232
4
Accrued liabilities
68,478
2,536
195,
367,365
Matured bonds and interest payable
143,395
52,182
94,966
96,780 80
56,756
Due to other governmental units 1,814
330,000
41,250
388,350
442,200
Due to other funds
17,100
5,896
5,729
Deferred revenue
5,896
55,000
9,220,000
9,275,000
1,435,000
Bonds payable
8,511
Deposit's
583
302,683
302,683
.312,457
-.
Deferred credit
$ 106,428
$ 29,154
$ 143,395
$ 180 $
484,594 $
475,867
$ 6,418
$ - $9,220,000
$10,466,036
$2,859,676
Total Liabilities
Fund Equity:
-
-
-
3,758,662
94,653
°
- -
3,853,315
3,848,502
Contributed capital
-
-
9,157,408
9,157,408
7,345,689
Investment in general fixed
assets
299,004
(20,376)
278,628
216',783
Retained earnings
Fund balance:
287,030
5,505
1,035,023
6,374,758
12,464
7,714,,780
109,346
Appropriated
1,221,876
566,876
204,702
324,595
2,318,049
2,649,245
Unappropriated
Total Fund Equity
1,508,906
572,381
1,035,023
6,579,460
337,059
4,057,666
74,277
9,157,408 -
23,361,736
14,169,565
TOTAL LIABILITIES AND
$1,615,334
$601,535
$1,178,418
$6,579,640 $
821,653 $
4,533,533
$ 80,695
$9,157,408 $9,220,000
$33,788,216$17,029,241
EQUITY
X
c
s
P
�1
The notes to the financial
statements are
an integral part of this statement.
C7
7
O
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES - ALL GOVERNMENTAL FUND TYPES
Year Ended December 31, 1980
The notes to the financial statement are an
integral part of this statement.
CITY OF COLUMBIA MEICNTS, MINNESOTA 12 �.
ANNUAL IFINANCIAI REPORT
Special
General
Revenue
REVENUES:
General property taxes
$ 943,972
$
Homestead credit
395,801
Special assessments
Licenses and permits
68,710
Fines and forfeitures
72,274
Interest and rents
116,013
13,477
Intergovernmental revenues
1,432,239
444,079
Charges for services
353,939
25,949
Other revenue
56,099
62
Total Revenues
3,439,047
483,567
OTHER FINANCING SOURCES:
Bond proceeds
Transfers from other funds
71,035
77,115
Total Revenues and Other Sources
3,510,082
560,682
EXPENDITURES:
Current:
General government
488,715
63,761
Public safety
1,277,400
Public works
555,918
Sanitation
268,793
Library
161,085
Parks and recreation
424,375
178,727
Other
42,227
Capital outlay
114,311
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
3,218,513
356,799
OTHER USES:
Transfers to other funds:
94,689
Total Expenditures and Other Uses
3,313,202
356,799
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER USES
196,880
203,883
FUND BALANCE AT BEGINNING OF YEAR
1,312,026
368,498
FUND BALANCE AT END OF YEAR
$1,508,906
$ 572,381
The notes to the financial statement are an
integral part of this statement.
CITY OF COLUMBIA MEICNTS, MINNESOTA 12 �.
ANNUAL IFINANCIAI REPORT
Debt
Service
$ 202,716
85,534
58,615
346,865
589,170
45,000
981,035
285,000
79,877
364,877
364,877
616,158
418,865
$1,035,023
Capital
Projects
286,768
286, /bb
7,497,069
1,209
7,785,046
61,083
61,Ubi
1,696,283
1,757,366
6,027,680
551,780-
ICITY OF COLUMBIA HEIGHTS, MINNESOTA
Snecial
418,838
36,959
14,076
469,873
17,574
487,447
59,670
193,689
2b3,44-')
253,445
234,002
100,527
13
Form. A-1
Totals
(Memorandum Only)
1980 1979
$1,146,688 $1,260,654
481,335
377,910
418,838
168,484
68,710
78,164
72,274
49,067
511,832
219,627
1,876,318
1,747,634
379,888
354,293
70,237
53,787
285,000
5,026,120
4,309,620
8,086,239
211,933
305,988
13,324,292 4,615,608
552,476
531,265
1,277,400
1,096,252
555,918
479,119
268,793
255,693
161,085
130,172
603,102
471,216
101,897
126,952
369,083
771,739
285,000
285,000
79,963
64,235
4,254,717 4,211,643
1,790,972 253,866
6,045,689 4,465,509
7,278.,603 150,099
2,751,696 2,595,554
ANNUAL FINANCIAL REPORT
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES - BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
Year Ended December 31, 1980
The notes to the financial statement are an
integral part of this statement
ANNUAL FINANCIAL RE
CITY OF COLUMBIA NEIGIITS, MINNESOTA REPORT
14
GENERAL FUND
Variance
Budget
Actual
Over (Under)
REVENUES:
General property taxes $
1,009,208
$ 943,972 $
(65,236)
Homestead credit
335,400
395,801
60,401
Licenses and permits
60,500
68,710
8,210
Fines and forfeitures
41,200
72,274
31,074
Interest and rents
48,435
116,013
67,578
Intergovernmental revenue
1,407,540
1,432,239
24,699
Charges for services
333,000
353,939
20,939
Other revenue
8,400
56,099
47,699
Total Revenues
3,243,683
3,439,047
195,364
OTHER FINANCING SOURCES:
Transfers from other funds
71,035
71,035
-
Total Revenues and Other
Sources
3,314,718
3,510,082
195,364
EXPENDITURES:
General government
519,470
488,715
(30,755)
Public safety
1,304,860
1,277,400
(27,460)
Public works
581,825
555,918
(25,907)
Sanitation
269,880
268,793
(1,087)
Library
164,845
161,085
(3,760)
Parks and recreation
429,090
424,375
(4,715)
Other
60,540
42,227
(18,313)
Capital outlay
Total Expenditures
3,330,510
3,218,513
(111,997)
OTHER USES:
Transfers to other funds
76,725
94,689
17,964
Total Expenditures and Other Uses
3,407,235
3,313,202
(94,033)
EXCESS OF REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES AND OTHER USES
(92,517)
196,880
289,397
FUND BALANCE AT BEGINNING OF YEAR
1,312,026
1,312,026
FUND BALANCE AT END OF YEAR $
1,219,509
$1,508,906 $
289,397
The notes to the financial statement are an
integral part of this statement
ANNUAL FINANCIAL RE
CITY OF COLUMBIA NEIGIITS, MINNESOTA REPORT
14
i
Form A -2
(127,688)
368,498
$ 240,810
203,883
368,498
c q7l 101
331,571
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
15
(220,205) 400,763 620,968
1,680,524 1,680,524
$1,460,319 $2,081,287 $ 620,968
ANNUAL FINANCIAL REPORT
TOTALS
SPECIAL
REVENUE
FUNDS
MEMORANDUM ONLY
Variance
Variance
Budget
Acutal
Over (Under)
Budget
Actual
Over (Under)
$ - $
-
$ -
$1,009,208
$ 943,972
$ (65,236)
335,400
395,801
60,401
60,500
68,710
8,210
41,200
72,274
31,074
5,000
13,477
8,477
53,435
129,490
76,055
374,042
444,079
70,037
1,781,582
1,876,318
94,736
19,900
25,949
6,049
352,900
379,888
26,988
62
62
8,400
56,161
47,761
398,942
483,567
84,625
3,642,625
3,922,614
279,989
76,725
77,115
390
147,760
148,150
390
475,667
560,682
85,015
3,790,385
4,070,764
280,379
51,985
63,761
11,776
571,455
552,476
(18,979)
1,304,860
1,277,400
(27,460)
581,825
555,918
(25,907)
269,880
268,793
(1,087)
164,845
161,085
(3,760)
176,890
178,727
1,837
605,980
603,102
(2,878)
60,540
42,227
(18,313)
374,480
114,311
(260,169)
374,480
114,311
(260,169)
603,355
356,799
(246,556)
3,933,865
3,575,312
(358,553)
76,725
94,689
17,964
603,355
356,799
(246,556)
4,010,590
3,670,001
(340,589)
(127,688)
368,498
$ 240,810
203,883
368,498
c q7l 101
331,571
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
15
(220,205) 400,763 620,968
1,680,524 1,680,524
$1,460,319 $2,081,287 $ 620,968
ANNUAL FINANCIAL REPORT
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1980
OPERATING REVENUES:
Sales
Cost of sales
Gross Profit
OPERATING EXPENSES:
Personal services
Other services and charges
Supplies
Source of supply /Disposal charges
Total
OPERATING INCOME BEFORE DEPRECIATION
DEPRECIATION
OPERATING INCOME
NONOPERATING REVENUES (EXPENSES):
Interest income
Interest expense
Other income (expense) - net
Total
Net Income
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.
i CITY Or COLUMBIA NEIGNTS, MINNESOTA 16
Enterprise
$ 2,466,824
868,704
1,598,120
547,996
162,313
52,416
683,048
1,445,773
109,609
59,188
(7,698)
3,175
54,665
97,403
45,000
246,601
�zi.�.r...■
ANNUAL FINANCIAL KPORT
Form A -3
CITY OF COLUMBIA NE16NTS, MINNESOTA 17 ANNUAL FINANCIAL REPORT
TOTALS
Internal
(MEMORANDUM
ONLY)
Service
1980
1979
$ 136,884
$2,603,708
$2,310 ;544
868,704
800,721
136,884
1,735,004
1,509,823
82,128
630,124
556,694
28,854
191,167
195,866
11,378
63,794
54,121
683,048
608,875
122,360
1,568,133
1,415,556
14,524
166,871
94,267
4,929
114,538
116,231
9,595
52,333
(21,964)
59,188
46,282
(720)
(8,418)
(4,061)
567
3,742
12,264
(153)
54,512
54,485
9,442
106,845
32,521
45,000
(74,178)
18,405
(29,818)
216,783
240,035
$ (20,376)
$ 278,628
$ 216,783
CITY OF COLUMBIA NE16NTS, MINNESOTA 17 ANNUAL FINANCIAL REPORT
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1980
Enterprise
SOURCES OF WORKING CAPITAL:
Operations:
Net income (loss) $ 97,403
Items not requiring (providing) working capital
Depreciation 109,609
Loss- disposal fixed assets
Contributions
Working Capital Provided by Operations 207,012
Decrease in long term contract receivable 9,774
Increase in deferred credit - revaluation MWCC
Decrease in deferred receivable- reserve capacity 1,323
Water tower sur -tax
Total Sources of Working Capital 218,109
USES OF WORKING CAPITAL:
Additions to property and equipment -net 13,168
Reduction of due to other funds 11,550
Decrease deferred credit - revaluation gain 9.774
Increase long -term contract receivable MWCC
Transfers to other funds 45,000
Total Uses of Working Capital 79,492
INCREASE (DECREASE) IN WORKING CAPITAL $ 138,617
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL;
Cash
$ (11,303)
Investments
82,000
Accounts receivable
64,343
Inventory
28,998
Accounts payable
(30,539)
Due to other funds
42,900
Due from /to Metro Waste Control Commission
(37t782)
Net Increase (Decrease) in Working Capital
$ 138,617
The notes to the financial statements are
an integral part of this statement.
ICITY. OF COLUMBIA MEICRTS, MINNESOTA 18 ANNUAL FINANCIAL REPORT
TOTALS
Internal (MEMORANDUM ONLY)
Service 1980 1979
$ 9,442 $ 106,845
$ 32,521
4,929 114,538
116,231
13,168
345
2,088
14,371 221,383
151,185
9,774
9,398
28,133
1,323
1,230
18,405
14,371
232,480
208,351
-
13,168
14,586
11,550.
10,450
9,774
9,398
28,133
45,000
70,909
-
79,492
133,476
$ 14,371
$ 152,988
$ 74,875
$ (4,947)
$ (16,250)
$ (4,965)
6,000
88,000
.95,000
(19)
64,324
(542)
5,193
34,191
5,507
144
(30,395)
25,418
8,000
50,900
(24,600)
(37,782)
(20,943)
$ 14,371
$ 152,988
$ 74,875
CITY OF COLUMBIA NEIGIITS, MINNESOTA
19
Form A -4
ANNUAL FINANCIAL REPORT
u
n
0
u
1
I1
n
C
0
NOTES TO FINANCIAL STATEMENTS
December 31, 1980
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 recongnized at the time cash is, or normally should be,
received or when susceptible to accrual (measurable and available),
although not yet received in cash. Substantially all sources of
revenue are accrued, except interest on special assessments receivable,
which is recognized 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 revisions, 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 f om, and ,accounted for, in the Invest-
ment 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 estab-
lished 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.
Receivables. Current taxes are accrued with an allowance for uncollect-
ible amounts equal to 2 %. At year end actual uncollected 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 there-
fore, no allowance has been provided.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 20 ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS (Continued)
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; Miscell-
aneous accounts receivable are recognized when billed.
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 Govern -
mental Funds are recorded as an expenditure of the applicable 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. Depre-
ciation 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 identifies
each fund which levied the taxes except the debt service levy. A pro-
rated basis determined by the ratio of each debt service levy to the
total debt service levy is used to allocate the current and the de-
linquent taxes received.
Total Columns on Combined Statements - Overview. Total columns on the
Combined Statemens - Overview are captioned Memorandum Only to indicate
that they are presented only to facilitate financial analysis. Data
in these columns do not present financial position, results of opera-
tions, or changes in financial position in conformity with generally
accepted accounting principles. Neither is such data comparable to
a consolidation. Interfund eliminations have not been made in the aggreg-
ation of this data.
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.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 21 ANNUAL FINANCIAL REPORT
-
u
u
n.
n
n
. I
1
fl
NOTES TO FINANCIAL STATEMENTS (Continued)
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 1980 the City received credits against MWCC billings total-
ing $200,448, of which $88,076 was treated as a reduction of principal.
During 1980 the City received a credit of $22,272, of which $9,774
was a reduction of principal. As of December 31, 1980, a balance of
$302,683 remained to be collected over the next twenty 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, 1980 was
$32,630 and is collectible over the next ten years. During 1980, the
City received $2,293 related to this receivable, of which $1,323 rep-
resented a reduction of principal.
3. APPROPRIATED OF RESERVED FUND EQUITY
Fund equity in the various funds have been appropriated or reserved for
the following purposes:
General Fund:
Balance
1981 Budget
$
287,030
Recreation and Community
Additions
Retirements
Services Fund:
Land
$3,055,657
1981 Budget
$
5,505
Sullivan Lake Fund:
2,798,883
64,847
1981 Transfer
2,863,730
Furniture, Fixtures and
to General Fund
$
270,890
Downtown Land Acquisition:
office equipment
618,780
Transfer to H.R.A.
$6,103,868
624,807
Debt Service Funds:
872,369
38,426
Future debt retirement
$1,035,023
Total
Special Assessment Funds:
$ 1,849,493
$ 37,774
Future interest on bonds
$
2,530
Contract committments
$
9,934
4. GENERAL FIXED ASSETS
Changes in the General Fixed Assets Group of Accounts during 1980 were
as follows;
CITY OF COLUMBIA HEIGHTS, MINNESOTA 22 ANNUAL FINANCIAL REPORT
Balance
Balance
Jan 1, 1980
Additions
Retirements
Dec. 31, 1980
Land
$3,055,657
$ 1,740,193
$ 30,557
$ 4,765,293
Buildings and structures
2,798,883
64,847
2,863,730
Furniture, Fixtures and
office equipment
618,780
6,027
624,807
Machinery and equipment
872,369
38,426
7,217
903,578
Total
$7,345,689
$ 1,849,493
$ 37,774
$ 9,157,408
CITY OF COLUMBIA HEIGHTS, MINNESOTA 22 ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STAEMENTS (Continued)
A summary of proprietary fund type property, plant, and equipment at
December 31, 1980 follows:
Enterprise Internal Service
Land $ 98,544 $ -
Buildings 404,685
Improvements other than buildings 4,531,059 64,653
Equipment 361,512
Total 5,395,800 64,653
768
125 , 39,768
Less accumulated depreciation 2 24,885
Net $3,270,032 $
5. LONG -TERM DEBT
The long term debt obligations outstanding at year -end are summarized
as follows (in thousands of dollars):
Interest December 31, _
Bonds Maturities Rates 1980
General bonds 1981 -1984 3.50 -4.60% $ 1,045
Tax Increment bonds 1983 -2002 8.00 -8.75% $8,175
Special assessment bonds 1981 -1982 4.20 -4.30% $ 55
Changes in bonds payable during 1980 are summarized as follows (in
thousands of dollars): Balance
Balance
Jan 1, 1980 Issued Retired December 31, 1980
General bonds $ 1,330 $ - $ 285 $ 1,045
Tax increment bonds 8,175 8,175
Special assessment 105 50 55
Total $ 1,435 $ 8,175 $ 335 $ 9,275
Annual Requirements to Amortize Long -Term Debt
December 31, 1980
(in thousands of dollars)
Year ending General Tax Special
December 31 obligation Increment assessment Total
1981 $ 362 $ 673 $ 1,087
1982 369 673 5 1,047
1983 260 683 943
1984 145 682 827
1985 671 671
1986 -90 4,383 4,383
1991 -95
5,007 5,007 1996 -00 4,591 4,591
2001 -02 844 844
$1,136 $18,207 $ 57 $19,400
$1,061,193 is available in the Debt Service Funds to service the general
obligation and tax increment bonds. There are a number of limitations
and restrictions contained in the various bond indentures. The City is
in compliance with all significant limitations and restrictions.
CITY OF COLUMBIA HEIGHTS, MINNESOTA 23 ANNUAL FINANCIAL REPORT
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NOTES TO FINANCIAL STATEMENTS (Continued)
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 Assess-
ment Funds. All ad valorem levies for the permanent Improvement Re-
volving 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 1980 because of cash transfers from
utility funds, interest earnings and /or sufficient sinking fund balances.
6. 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, 1980 was approximately $94,803
(10,483 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 $366,561 (38,962 hours) which would be payable in
the event sickness occurred or upon termination 1/3 of earned sick leave
(maximum 40 days) would be paid. Certain job classifications would be
entitled the 1/4 payment of earned sick leave only if termination was for
the reasons of retirement or death. Additionally, after an employee has
accumulated the maximum of 120 days, 1/2 of the excess sick leave earned
shall be granted as additional vacation leave at the end of each year.
These liabilities are stated at the 1980 rate of pay and are not recorded
as liabilities in the individual fund balance sheets.
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 div-
isions - paid and volunteers as of January 1, 1978.
The City levies annually and applies state aid
to the associations. In 1980 the amounts were:
Lev'
Police Relief (7) $ 86,173
Fire Relief - Paid (5) 58,887
Fire Relief - Volunteer (18)
$ 145,060
CITY OF COLUMBIA HEIGHTS, MINNESOTA
24
for pension contributions
State -Aid
Total
$ 42,927
$ 129,100
25,504
84,391
7,004
7,004
$ 75,435
$ 220,495
ANNUAL FINANCIAL REPORT
NOTES TO FINANCIAL STATEMENTS (Continued)
The pension levy meets the minimum requirements of the Police and Fire-
men's Relief Association Guidelines Act of 1969, which became effective
July 1, 1971 and which required that contributions 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
Funded
Reserves
Police Relief $704,989
Fire Relief -Paid 413,519
Fire Relief - Volunteer 379,886
Accrued
Liability
$2,136,394
1,169,353
216,101
(Unfunded)
Accrued
Liability
$(1,431,405)
(755,834)
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 qualifying rasPtemporary
or seasonal employees or those public safety police
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 individual (employee share 4 %). For the basic
plan, the City's contribution is equal to 10.5% of each individual's
salary (employee share 8 %). For Police and Fire PERA the City's
contribution is equal to 12% of each individual's salary (employee share
8 %). The pension cost including amortization of estimated prior service
cost was $147,576 for the period ended December 31, 1980. 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 $25,900 in 1980 or total of $59,890.
MINNESOTA ANNUAL FINANCIAL REPORT
CITY OF COLUMBIA NEI6NTS, MI 25
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NOTES TO THE FINANCIAL STATEMENTS (Continued)
INTERFUND RECEIVABLES AND PAYABLES
The following funds had amounts receivable from other funds, and the
respective funds had equal amounts payable to other funds at December
31, 1980:
General Fund
- Due from P.I.R. Fund $ 300,000
- Due from State -Aid Fund 17,100
Total 347,100
Storm Sewer Bonds of 1965 Fund
- Due from Water Utility Fund 41,250
Total Interfund Balance $ 388,350
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.
CITY OF COLUMBIA NEIGHTS, MINNESOTA 26 ANNUAL FINANCIAL REPORT
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA rINANCIAL KEP 1RT
EAR �NDED DECEMBER , 1980
G B Efl" A L F UND
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
27
Statement of Revenues, Expenditures and
Changes in Fund Balance
Form
B -1
28
Schedule of Revenues - Budget and Actual
Form
B -2
29
Schedule of Expenditures - Budget
and Actual
Form
B -3
31
Form B
GENERAL FUND
COMPARATIVE BALANCE SHEET
December 31, 1980 and 1979
ASSETS
1980
1979
Current Assets:
Cash:
Treasurer's balance
$ 6,210
$ 8,427
Imprest cash and change funds
1,075
1,075
Total Cash
$ 7,285
$ 9,502
Investments, at cost
1,110,955
982,444
Taxes receivable -- delinquent
35,134
30,749
Less: Allowance for uncollectible taxes
(35,134)
(30,749)
Accounts receivable:
Unbilled services
54,570
47,814
Accrued interest receivable
67,495
43,196
Other
18,547
1,837
Due from other funds
347,100
346,500
Due from other governmental units
9,382
19,920
Total Assets
$1,615,334
$1,451,213
LIABILITIES, AND FUND BALANCE
Current Liabilities:
Accounts payable
$ 29,657
$ 21,581
Accrued salaries and withholdings
68,478
60,327
Deposits
583
51,550
Due to other governmental units
1,814
Deferred revenue
5,896
5,729
Total Current Liabilities
$ 106,428
$ 139,187
Fund Balance:
Appropriated
$ 287,030
$ 92,517
Unappropriated
1,221,876
1,219,509
Total Fund Balance -- Form B -1
$1,508,906
$1,312,026
Total Liabilities, and Fund Balance
$1,615,334
$1,451,213
I CITY Of COLUMBIA NEWTS, MINNESOTA 27 ANNUAL FINANCIAL REPORT
Form B -1
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Actual Amounts for Year Ended December 31, 1979
1980 1979
[CITY OF COLUMBIA HEIGHTS, MINNESOTA
28
ANNUAL FINANCIAL REPORT
Variance
Favorable
Budget
Actual
(Unfavorabld)
Actual
Revenues:
Taxes
$1,009,208
$
943,972
$
(65,236)
$1',044,380
Licenses and permits
60,500
68,710
8,210
78,164
Fines and forefeitures
41,200
72,274
31,074
49,067
Intergovernmental revenues
1,742,940
1,828,040
85,100
1,571,727
Charges for current services 333,000
353,939
20,939
334,401
Miscellaneous
56,835
172,112
115,277
105,802
Total Revenues
$3,243,683
$
3,439,047
$
195,364
$3,183,541
Other Financing Sources:
Transfers from other funds
71,035
71,035
-
824
Total Revenues and Other
Sources
$3,314,718
$
3,510,082
$
195,364
$3,184,365
Expenditures:
General government
$ 519,470
$
488,715
$
30,755
$ 412,095
Public safety
1,304,860
1,277,400
27,460
1,096,252
Public works
581,825
555,918
25,907
479,119
Sanitation
269,880
268,793
1,087
255,693
Library
164,845
161,085
3,760
130,172
Parks
429,090
424,375
4,715
328,852
Other
60,540
42,227
18,313
62,822
Total Expenditures
$3,330,510
$
3,218,513
$
111,997
$2,765,005
Other Financing Uses:
Transfers to other funds
76,725
94,689
(17,964)
82,657
Total Expenditures and
Other Uses
$3,407,235
$
3,313,202
$
94,033
$2,847,662
Excess of revenues and
other sources over
(under) expenditures
and other uses
$ (92,517)
$
196,880
$
289,397
$ 336,703
Fund balance at beginning of
year
1,312,026
1,312,026
-
957,562
Transfer to close Civil
Defense Fund
-
-
-
17,761
Fund balance at end of year
$1,219,509
$
1,508,906
$
289,397
$1,312,026
[CITY OF COLUMBIA HEIGHTS, MINNESOTA
28
ANNUAL FINANCIAL REPORT
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
Year Ended December 31, 1980
General property taxes:
Current ad valorem
Delinquent ad valorem
Penalties and interest
Total
Licenses and permits:
Business regulatory licenses
Non - business licenses and permits
Total
Fines and forfeitures:
Court fines
Other
Total
Revenue from use of money 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)
Insurance premium tax
Municipal state aid - maintenance
Attached machinery aid
State grant -- shade tree aid
Other
Anoka county:
Street maintenance
Federal aid:
Civil defense reimbursement
Total
I.CITT OF COLUMBIA HEIGHTS, MINNESOTA
Budget Acutal
Revenue Revenue
Form B -2
Variance
Favorable
(Unfavorable)
$ 1,006,208
$
922.,720
$
(83,488)
60,401
20,000
17,992
55,435
17,992
3,000
(125)
3,260
6,674
260
$ 1,009,208
$
943,972 _
$
(65,236)
9,338
$ 22,400
$
30,227
$
7,827
38,100
38,483
383
$ 60,500
$
68,710
$
8,210
$ 40,000
$
70,704
$
30,704
1,200
1,570
370
$ 41,200
$
72,274
$
31,074
$ 30,000
$
96,385
$
66,385
18,435
19,531
1,096
97
97
$ 48,435
$
116,013
$
67,578
$ 1,305,720
$1,305,720
$ -
335,400
395,801
60,401
20,000
75,435
55,435
15,500
15,375
(125)
6,900
6,674
(226)
39,900
2,282
(37,618)
4,500
13,838
9,338
6,020 6,020
9,000 6,895 (2,105)
$ 1,742,940 $1,828,040 $ 85,100
ANNUAL FINANCIAL KPORT
29
t
Form B -2
GENERAL FUND
SCHEDULE OF REVENUES.- BUDGET AND ACTUAL (CONTINUED)
Year Ended December 31, 1980
Other revenue:
Sale of land
Gain sale equipment
Miscellaneous
Total
Charges for current services:
General government
Public safety
Public works
Library
Parks
Refuse collection
Other
Total
Refunds and reimbursements:
Construction labor
reimbursement
Equipment rental
reimbursement
Other reimbursements
Total
Transfer in:
Sullivan Lake Fund
Grand Total
Budget
Revenue
1,400
$ 1,400
$ 4,400
25,150
5,000
1,950
26,500
270,000
$ 333,000
$ 5,000
2,000
$ 7,000
$ 71,035
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Actual
Revenue
$ 30,556
7,217
2,207
$ 39,.980
$ 2,381
25,392
7,177
3,261
27,843
287,073
$ 353,939
$ 6,344
4,308
5,467
$ 16,119
$ 71,035
$ 3,510,082
30
Variance
Favorable
(Unfavorable)
$ 30,556
7,217
807
$ 38,580
$ (2,019)
242
2,177
1,311
1,343
17,073
812
$ 20,939
$ 1,344
2,308
5,467
$ 9,119
$ 195,364
ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
Year Ended December 31, 1980
1980
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
GENERAL GOVERNMENT:
Mayor and Council:
Personal services
$
40,195
$
39,757
$
438
Other services and
charges
38,065
36.,491
1,574
Supplies
970
792
178
Total
$
79,230
$
77,040
$
2,190
City Manager:
Personal services
$
72,420
$
71,117
$
1,303
Other services and
charges
16,645
13,987
2,658
Supplies
500
457
43
Total
$
89,565
$
85,561
$
4,004
Finance - Clerk:
Personal services
$
70,465
$
68,282
$
2,183
Other services and
charges
32,550
26,162
6,388
Supplies
1,300
923
377
Total
$
104,315
$
95,367
$
8,948
Elections:
Personal services
$
7,875
$
7,857
$
18
Other services and
charges
1,300
826
474
Supplies
500
370
130
Total
$
9,675
$
9,053
$
622
Assessing:
Personal services
$
65,350
$
64,111
$
1,239
Other services and
charges
3,360
2,321
1,039
Supplies
550
488
62
Total
$
69,260
$
66,920
$
2,340
Legal:
Other services and
charges
$
60,810
$
56,809
$
4,001
CITY OF COLUMBIA HEIGHTS, MINNESOTA 31 ANNUAL FINANCIAL KPORT
1
1
1
1
1
1
1
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1980
1980
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
GENERAL GOVERNMENT (continued)
Planning:
$
33,330
$
33,029
$
301
Personal services
1,855
1,076
77
Other services and charges
1,350
976
374 4
Supplies
$
36,535
$
35,081
$
1,454
Total
General Government Buildings:
$
9,745
$
9,921
$
(176)
Personal services
50,855
44,878
5,977
Other services and charges
9,480
8,085
1,395
Supplies
$
70,080
$
62,884
$
7,196
Total
Total General Government
$
519,470
$
488,715
$
30,755
PUBLIC SAFETY:
Police Protection:
$
724,835
$
723,242
$
,593
Personal services
47,455
40,219
7,236
7
Other services and charges
29,900
29,252
648
Supplies
$
802,190
$
792,713
$
9,477
Total
Fire Protection:
$
337,290
$
339,944
$
(2,
Personal services
Other services and charges
36,740
30,773
5,967 967
Supplies
15,085
11,412
3,673
Total
$
389,115
$
382,129
$
6,986
Protective Inspection:
$
64,890
$
61,956
$
2,934
Personal services
14,675
10,642
4,033
Other services and charges
1,905
1,559
346
Supplies
$
81,470
$
74,157
$
7,313
Total
Civil Defense:
$
14,910
$
14,499
$
411
Personal services
7,950
7'676
274
Other services and charges
1,225
400
825
Supplies
$
24,085
$
22,575
$
1,510
. Total
Animal Control:
$
8,000
$
5,826
$
_2,174
Other services and charges
Total Public Safety
$1,304,860
$
1,277,400
$
27,460
CITY OF COLUMBIA HEIGHTS, MINNESOTA
32
ANNUAL FINANCIAL REPORT
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1980
PUBLIC WORKS:
Engineering:
Personal services
Other services and charges
Supplies
Total
Street Maintenance:
Personal services
Other services and charges
Supplies
Total
Street Lighting:
Personal services
Other services and charges
Total
Traffic Signs and Signals:
Personal services
Other services and charges
Supplies
Total
Tree Trimming and Removal:
Personal services
Other services and charges
Supplies
Total
Total Public Works
SANITATION:
Refuse Collection and Disposal:
Personal services
Other services and charges
Supplies
Total
CITY OF COLUMBIA NEICNTS, MINNESOTA
Form B -3
1980
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
$ 136,730 $ 132,051 $ 4,679
7,910 6,964 946
4,040 3,838 202
$ 148,680 $ 142,853 $ 5,827
$ 176,865 $ 161,141 $ 15,724
63,455 65,036 (1,581)
45,800 45,062 738
$ 286,120 $ 271,239 $ 14,881
$ 500 $ 500 $ -
51,630 48,975 2,655
$ 52,130 $ 49,475 $ 2,'655
$ 12,130 $ 11,443 $ 687
10,030 8,390 1,640
6,015 7,008 (993)
$ 28,175 $ 26,841 $ 1,334
$ 17,970 $ 22,294 $ (4,324)
48,350 43,018 5,332
400 198 202
$ 66,720 $ 65,510 $ 1,210
$ 581,825 $ 555,918 $ 25,907
$ 9,305 $ 10,278 $ (973)
257,400 255,813 1,587
900 830 70
$ 267,605 $ 266,921 $ 684
a
ANNUAL FINANCIAL KPORT
33 .
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1980
SANITATION (continued):
Weed Control:
Personal services
Other services and charges
Total
Total Sanitation
LIBRARY:
Personal services
Other services and charges
Supplies
Total
MUNICIPAL PARKS:
Administration and Maintenance:
Personal services
Other services and charges
Supplies
Capital outlay
Total
Skating Rinks:
Personal services
Other services and charges
Supplies
Total
Total Municipal Parks
CITY OF COLUMBIA HEIGHTS, MINNESOTA
1980
Budget (Overexpended)
'Revised)
Expenditures Balance
$ 2,175 $ 1,786
100 86
$ 2,275 $ 1,872
$ 269,880 $ 268,793
$ 102,795
21,335
40,715
$ 164,845
$ 228,375
95,380
19,800
56,435
$ 399,990
$ 15,000
13,600
500
$ 29,100
34
$ 99,013
21,223
40,849
$ ,227,382
98,113
19,642
52,115
$ 397,252
$ 13,580
12,575
$ 424,375
$ 389
$ 403
$ 3,782
112
(134)
$ 993
(2,733)
158
4,320
$ 2,738
$ 1,420
1,025
(468)
$ 1,977
ANNUAL FINANCIAL REPORT
I�
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1980
UNALLOCATED EXPENSE:
Insurance
Taxes and licenses
Cable TV expense
Vandalism
Other miscellaneous
Total Unallocated
TRANSFERS:
Recreation
P.I.R. projects
PARA Transit Fund
Total Transfers
Grand Total
CITY OF COLUMBIA HEIGHTS, MINNESOTA
1980
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
$ 28,410 $ 28,279
200 21
293
1,000
30,930 13,634
$ 60,540 $ 42,227
$ 70,890
5,835
35
$ 70,890
17,574
6,225
$ 131
179
(293)
1,000
17,296
(17,574)
(390 )
$ (17,964)
$ 94,033
ANNUAL FINANCIAL REPORT
0
1
u
u
n
n
J
n
HE CITX OF COLUMI IA HEIGHTS, MINNESOTA
NNUA TINA CIAL KEP RT
EAR �NDED �ECEMBER L 1980
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
Page
Combining Balance Sheet
Form
C
36
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Form
C -1
38
Statements of Revenues, Expenditures and
Changes in Fund Balance:
Revenue Sharing Fund
Form
C -2
40
Recreation and Community Services Fund
Form
C -3
41
Paratransit Fund
Form
C -4
42
Municipal State -Aid Street Fund
Form
C -5
43
C.E.T.A. Fund
Form
C -6
44
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1980
With Comparative Totals for December 31, 1979
Recreation &
Revenue Community
ASSETS SharinZ Services
Cash:
Treasurer's balance
$ 782
$
1,191
Imprest cash
50
Total Cash
$ 782
$
1,241
Investments, at cost
119,000
13,000
Accounts receivable
56
Due from other governmental units:
Due from Federal - Revenue Sharing
41,073
Due from State of Minnesota
Due from Anoka County
Total Assets
$160,911
$
14,241
LIABILITIES, AND FUND BALANCE
Current Liabilities:
Accounts payable
$ 6,788
$
402
Accrued salaries payable
1,471
Accrued social security /P.E.R.A. payable
522
Due to General Fund
Total Current Liabilities
$ 6,788
$
2,395
Fund Balance:
Appropriated
$ -
$
5,505
Unappropriated
154,123
6,341
Total Fund Balance
$154,123
$
11,846
(Form C -2)
(Form
C -3)
Total Liabilities,and
Fund Balance
$160,911
$
14,241
CITY OF COLUMBIA MEIGNTS, MINNESOTA 36 ANNUAL FINANCIAL REPORT
CITY. OF COLUMBIA HEIGHTS, MINNESOTA
Form��-
Totals
C.E.T.A. 1980 1979
$ (2,603)
$ (3,816)
$ 12,767
1,510
50
50
$ (2,603)
$ (3,766)
$ 12,817
$ 33,319
132,000
110,000
566,876
543
2,115
41,073
40,495
428,539
236,390
3,146
3,146
Municipal
$ 601,535
$ 401,817
State
Paratransit
Aid
$
(3,188)
$
2
$
(3,188)
$
2
487
5,035
423,504
$
2,334
$
423,506
$
2,328
$
-
17,100
$
2,328
$
17,100
6
406,406
$
(Form
6
C -4)
$ 406,406
(Form C -5)
®
$
2,334
$
423,506
CITY. OF COLUMBIA HEIGHTS, MINNESOTA
Form��-
Totals
C.E.T.A. 1980 1979
$ (2,603)
$ (3,816)
$ 12,767
1,510
50
50
$ (2,603)
$ (3,766)
$ 12,817
$ 33,319
132,000
110,000
566,876
543
2,115
41,073
40,495
428,539
236,390
3,146
3,146
$ 543
$ 601,535
$ 401,817
$ - $ 9,518
$ 8,894
448 1,919
1,510
95 617
1,415
17,100
21,500
$ 543 $ 29,154
$ 33,319
$ 5,505
$ 19,700
566,876
348,798
$ 572,381 $ 368,498
$ 543 $ 601,535 $ 401,817
37
ANNUAL FINANCIAL REPORT
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Totals for Year Ended December 31, 1979
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
38
Recreation &
Revenue
Community
Sharing
Services
Paratransit
Revenues:
Revenue from other agencies:
Federal
$
160,131
$
-
$
-
State of Minnesota
12,337
Independent School District #13
70,890
Interest earnings
12,810
Fees
21,785
4,164
Miscellaneous
62
Total Revenues
$
173,003
$
92,675
$
16,501
Other Financing Sources:
Transfers from other funds
70,890
6,225
Total Revenues and Other
Sources
$
173,003
$
163,565
$
22,726
Expenditures:
Public safety
$
38,426
$
-
$
-
Parks
12,732
Recreation
180,274
Downtown development
24,174
State -aid construction
Parking lot
55,071
Para transit
22,725
C.E.T.A.
Miscellaneous
9,663
Total Expenditures
$
140,066
$
180,274
$
22,725
Excess of Revenues and Other
Sources
over (under) Expenditures
$
32,937
$
(16,709)
$
1
Fund balance at beginning of year
121,186
28,555
5
Fund balance at end of year
$
154,123
$
11,846
$
6
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
38
980
Municipal
State
Aid
189,042
667
$ 189,709
$ 189,709
2,055
$ 2,055
$ 187,654
218,752
$ 406,406
C. E. T. A.
$ 11,679
$ 11,6 /y
$ 11,679
11,679
$ 11,679
S -
CITY OF COLUMBIA MEICNTS, MINNESOTA
Form C -1
1980
1979
$ 171,810
$ 270,286
201,379
183,184
70,890
70,887
13,477
15,090
25,949
19,943
62
(51)
$ 483,567
$
559,339
77,115
72,190
$ 560,682
$
631,529
$ 38,426
$
42,028
12,732
50,779
180,274
142,608
24,174
10,000
2,055
.171,337
55,071
22,725
15,519
11,679
93,651
9,663
46,046
$ 356,799
$
571,968
$ 203,883
$
59,561
368,498
308,937
$ 572,381
$
368,498
ANNUAL FINANCIAL REPORT
39 -
Form C -2
REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Actual Amounts for Year Ended December 31, 1979
1980
Variance
Favorable 1979
Budget Actual (Unfavorable) Actual
Revenues:
Revenue from other agencies:
Federal Revenue Sharing
$121,487
$160,131
$
38,644
$176,635
Revenue from use of money and property:
Interest earnings - Investment
Trust Fund
5,000
12,810
7,810
9,635
Other revenue-
62
62
(51)
Total.Revenue
$126,487
$173,003
$
46,516
$186,219
Expenditures:
Capital outlay:
Public safety
$ 55,530
$ 38,426
$
17,104
$ 42,028
Parks
13,150
12,732
418
50,779
Street and engineering
5,540
1,764
3,776
10,998
Library
8,670
2,716
5,954
9,099
Voss parking lot
55,071
(55,071)
Professional services:
Downtown development
25,000
24,174
826
10,000
Other general government
6,585
5,183
1,402
81189
Total Expenditures
$114,475
$140,066
$
(25,591)
$131,093
Excess of Revenues over
(under) Expenditures
$ 12,012
$ 32,937
$
20,925
$. 55,126
Fund balance at beginning of year
121,186
121,186
66,060
Fund balance at end of year
$133,198
$154,123
$
20,925
$121,186
(Form C)
CITY 01' COLUMBIA NEICNTS, MINNESOTA
ANNUAL nNANCIAL KPORT
40
Form C -3
RECREATION AND COMMUNITY SERVICES FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Actual Amounts for Year Ended December 31, 1979
1980
Revenues:
Revenue from other agencies:
Independent School District #13
Fees
Total Revenues
Other Financing Sources:
Transfers from other funds
Total Revenues and Other
Sources
Variance
Favorable
Budget Actual (Unfaborable)
1979
Actual
$ 70,890 $ 70,890 $ - $ 70,887
17,000 21,785 4,785 17,305
$ 87,890 $ 92,675 $ 4,785 $ 88,192
70,890 70,890 - 70,890
$158,780 $163,565 $ 4,785 $159,082
Expenditures:
Personal services
$142,570
$146,033
$
(3,463)
$109,529
Other services and charges
14,800
12,996
1,804
14,049
Supplies
2,675
2,649
26
2,855
Capital outlay
1,590
1,547
43
244
Other expenses:
Playground
2,195
2,192
3
1,756
Athletic supplies
3,400
3,313
87
3,298
Beach program
6,050
5,999
51
5,825
Traveling teams
5,200
5,545
(345)
5,052
Total Expenditures
$178,480
$180,274
$
(1,794)
$142,608
Excess of Revenues and Other
Sources
over (under) Expenditures
$(19,700)
$(16,709)
$
2,991
$ 16,474
Fund balance at beginning of year
28,555
28,555
12,081
Fund balance at end of year
$ 8,855
$ 11,846
$
2,991
$ 28,555
(Form C)
CITY OF COLUMBIA NEIGNTS, MINNESOTA
41
ANNUAL FINANCIAL REPORT
Form C -4
PARATRANSIT FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Actual Amounts for Year Ended December 31, 1979
1980
Budget Actual
Revenues:
Revenue from other agencies
State grant $ 11,665 $ 12,337
Paratransit fares 2,900 4,164
Total Revenues 14,565 16,501
Other Financing Sources:
Transfer from General Fund 5,835 6,225
Total Revenues and
Other Sources $ 20,400 $ 22,726
Expenditures:
Personal services
$
4,500
$
1,145
Other services and charges
$ (2,325)
15,900
15,519
21,580
Total Expenditures
$
20,400
$
22,725
Excess of Revenues and
Other Sources over (under)
Expenditures
$
-
$
1
Fund balance at beginning of year
5
5
Fund balance at end of year
$
5
$
6
(Form C)
Variance
Favorable 1979
(Unfavorable) Actual
$ 672
1,264
1,936
$ 11,586
2,638
14,224
390 1,300
$ 2,326 $ 15,524
$ 3,355
$
3,579
(5,680)
11,940
$ (2,325)
$
15,519
$ 1
$
5
$ 1
$
5
CITY OF COLUMBIA HEIGHTS, MINNESOTA 42 ANNUAL FINANCIAL REPORT
Form C -5
MUNICIPAL STATE -AID STREET FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Actual Amounts for Year Ended December 31, 1979
1980
Budget Actual
Revenues:
State of Minnesota:
Gasoline tax apportionment -
construction $170,000 $189,042
Interest earnings - Investment
Variance
Favorable 1979
(Unfavorable) Actual
$ 19,042 $171,598
Trust Fund
667
667
5,455
Total Revenue
$170,000 $189,709 $
19,709
$177,053
Expenditures:
Construction costs $290,000
$ 2,055
$
287,945
$ 951
Other Uses:
Transfers:
5th Street paving
146,431
38th Avenue -5th to Univ- Paving
23,955
Total Expenditures $290,000
$ 2,055
$
287,945
$171,337
and Other Uses
Excess of Revenues over
(under) Expenditures and
Other Uses $(120,000)
$187,654
$
307,654
5,716
Fund balance at beginning of year 218,752
218,752
213,036
Fund balance at end of year $ 98,752
$406,406
$
307,654
$218,752
(Form C)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
43
ANNUAL FINANCIAL REPORT
Form C -6
C.E.T.A. FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1980
With Comparative Actual Amounts for Year Ended December 31, 1979
1980 1979
Revenues:
Federal grant $ 11,679 $ 93,651
Total Revenue $ 11,679 $ 93,651
Expenditures:
Personal services
Other services and charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Fund balance at beginning of year
Fund balance at end of year
CITY OF COLUMBIA NEICHTS, MINNESOTA
44
$ 11,595 $ 89,492
84 -4,159
$ 11,679 $ 93,651
p
ANNUAL FINANCIAL REPORT
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA�NDND NAVCIAL KEPQRT
EAR DECEMBER 51,1980
DEBT SERVICE FLIDS
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
Combinina Statement of Revenues, Expenditures
and Changes in Fund Balances Form D -1 47
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1980
With Comparative Totals for December 31, 1979
ASSETS
Current Assets:
Cash:
Treasurer's balance
Deposited with fiscal agent
Investments, at cost
Taxes receivable - delinquent
Less: Allowance for uncollectible taxes
Due.from other funds
Total Assets
LIABILITY AND FUND BALANCE
Current Liability:
Matured bonds and interest payable
Fund Balance - appropriated for debt service -- Form D -1
Total Liability and Fund Balance
CITY OF COLUMBIA NEIONTS, MINNESOTA 45
Storm Sewer
Bonds of
$ 4,796
57,210
120,000
297
(297)
41,250
$ 223,256
$ 57,210
166,046
$ 233,256
ANNUAL FINANCIAL REPORT
Capital
City Garage Improvement
Bonds of Bonds of
1972 1976
$ 1,129
$ 2,000
53,365
6,650
65,000
216,000
99
663
(99)
(663)
$ 53,365 $ 61650
66,129 218,000
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
Tax
Increment
Bonds of
1980
S 1,018
610,000
$ 611,018
$ 26,170
584,848
$ 611,018
46
Form D
Totals
1980 1979
$ 8,943
$ 8,165
117,225
288,308
1,011,000
315,000
1,059
1,228
(11059)
(1,228)
41,250
95,700
$1,178,418 $ 707,173
$ 143,395 $ 288,308
1,035,023 418,865
$1,178,418 S 707,173
ANNUAL FINANCIAL REPORT
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1980
With Comparative Totals for Year Ended December 31, 1979
Storm Sewer
Bonds of
1965
Revenues:
General property taxes:
Collected by county
Current ad valorem $ 55,643
Delinquent ad valorem 921
Revenue from other agencies:
Property tax relief (Homestead) 23,864
Interest earnings:
Investment Trust Fund 11,913
Inter -fund loans 2,178
Total Revenues $ 94,519
Other Financing Sources.:
Bond proceeds
Transfers from:
Water Utility Fund
Sewer Utility Fund 15,000
Total Revenues and Other Sources $ 109,519
Expenditures:
Bonds matured 85,000
Interest on bonds 19,800
Fiscal agent charges 101
Total Expenditures $ 104,901
Other Financing Uses:
Transfer to General Fund
Total Expenditures and Other Uses $ 104,901
Excess of Revenues and Other Sources
over (under) Expenditures and Other Uses $ 4,618
Fund balance at beginning of year 161,428
Fund balance at end of year $ 166,046
CITY OF COLUMBIA NEIGNTS, MINNESOTA 47 ANNUAL FINANCIAL REPORT
City Garage
Bonds
1972
Capital
Improvement
Bonds of
1976
Tax Increment
Bonds of
1980
Totals
1980 1979
$ 15,955
$
127,842
$
-
$
199,440
$
212,955
308
2,047
3,276
31319
6,843
54,827
85,534
29,460
7,014
10,142
21,848
50,917
17,090
5,520
7,698
9,886
$ 30,120
$
200,378
$
21,848
$
346,865
$
272,710
563,000
563,000
15,000
15,000
15,000
15,000
30,000
30,000
$ 60,120
$
200,378
$
584,848
$
954,865
$
317,710
50,000
$
150,000
$
-
$
285,000
$
285,000
6,730
26,827
53,357
63,688
92
157
350
404
$ 56,822
$
176,984
$
-
$
338,707
$
349,092
823
$ 56,822
$
176,984
$
-
$
338,707
$
349,915
$ 3,298
$
23,394
$
584,848
$
616,158
$
(32,205)
62,831
194,606
-
418,865
451,070
$ 66,129
$
218,000
$
584,848
$
1,035,023
$
418,865
CITY OF COLUMBIA HEIGHTS, MINNESOTA 48 ANNUAL FINANCIAL REPORT
1
1
1
1
1
1
1
I
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA TINA�dCIAL KEP RT
EAR tNDED BECEMBER 1,1980
CAPITAL, I'll, OJECT FUNDS
Capital Project Funds are maintained to account for the
construction of major canital facilities. Project appli-
cations are a combination of several revenue sources, such
as municinal 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 49
Combining Statement of Revenues,
Expenditures and Charges in Fund Balances Form E -1 51
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
December 31, 1980
With Comparative Totals for December 31, 1979
Capital
Improvement
Fund 308
ASSETS
Current Assets:
Cash - treasurer's balance
$
1,727
Investments, at cost
50,000
Accrued interest receivable
Total Assets
$
51,727
LIABILITIES AND FUND BALANCE
Current Liabilities:
Accounts payable
$
-
Contracts payable
Total Current Liabilities
$
-
Fund balance:
Appropriated
Unappropriated
Total Fund Balance
Total Liabilities and Fund Balance
CITY OF COLUMBIA NEIGNTS) MINNESOTA 49
51,727
$ 51,727
C C;i 7 ')7
ANNUAL IFINANCIAL KPORT
Form E
Totals
1980 1979
$ 157,948 $ 5,418
6,371,844 570,000
49,848
$ 6,579,640 $ 575,418
$ 180 $ 1,320
22,318
$ 180 $ 23,638
$ 6,374,758
$ 71,035
204,702
480,745
$ 6,579,460
$ 551,780
$ 6,579,640
$ 575,418
Sullivan
Downtown Land
Lake
Acquisition
Fund 807
Fund 312
$
1,045
$
155,176
423,000
5,898,844
1
49,848
$
424,045
$
6,103,868
$
180
$
-
'
$
180
$
-
$
270,890
$
6,103,868
152,975
$
423,865
$
6,103,868
$
424,045
$
6,103,868
CITE OF
COLUMBIA
HEIGHTS, MINNESOTA
Form E
Totals
1980 1979
$ 157,948 $ 5,418
6,371,844 570,000
49,848
$ 6,579,640 $ 575,418
$ 180 $ 1,320
22,318
$ 180 $ 23,638
$ 6,374,758
$ 71,035
204,702
480,745
$ 6,579,460
$ 551,780
$ 6,579,640
$ 575,418
50
ANNUAL FINANCIAL REPORT
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1980
With Comparative Totals for Year Ended December 31, 1979
Revenues:
Interest earnings - Investment Trust Fund
Sale of property
Insurance claim - water damage
Total Revenues
Other Financing Sources:
Bond proceeds
Transfers from - Capital Improvements Fund
Total Revenues and Other Sources
Expenditures:
Construction contracts
Other project expenditures
Total Expenditures
Other Financial Uses:
Transfers to other funds
Total Expenditures and Other Uses
Excess of Revenues and Other Sources
over (under) Expenditures and Other Uses
Fund balance at beginning of year
Fund balance at end of year
i CITY OF COLUMBIA MEI6NTS, MINNESOTA
51
6
Capital
Improvement
Fund 308
$ 5,887
$ 5,887
$ 5,887
$ (4,670)
11,654
$ 6,984
1,209
$ 8,193
$ (2,306)
$ 51,727
ANNUAL FINANCIAL REPORT
i
Incomplete
Sullivan
Lake
Fund 807
$ 50,043
$ 50,043
$ 50,043
$ 44;073
9,289
$ 53,362
71,035
$ 124,397
$ (74,354)
498,219
$ 423,865
Projects
Downtown Land
Acquisition
Fund 312
$ 230,838
$ 230,838
7,497,069
$7,727,907
1,624,039
$1,624,039
$1,624,039
$6,103,868
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Completed
Proiect
Tennis Courts
Huset Park
Fund 309
1,209
$ 1,209
$ 737
$ 737
$ 737
$ 472
(472
Form E -1
Totals
1980 1979
$ 286,768 $ 49,265
10,800
2,121
$ 286,768 $ 62,186
7,497,069
1,209
3,852
$ 118,736
$7,785,046
$ 66,038
$6,027,680
$ 40,140
$ (14,050)
1,644,982
132,786
$6,579,460
$1,685,122
$ 118,736
72,244
$1,757,366
$ 118,736
$6,027,680
$ (52,698)
551,780
604,478
$6,579,460
$ 551,780
ANNUAL FINANCIAL REPORT
52
HE CITx OF COLUM IA HEIGHTS,•MINNESOTA
NNUAj FINANCIAL KEPQQRT
EAR tNDED DECEMBER 31, 1980
SPECIAL ASSESSMENT FINDS
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 53
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances Form F -1 54
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
December 31, 1980
With Comparative Totals for December 31, 1979
Permanent Permanent
Improvement Improvement
Revolving Revolving
Fund Bond Fund
ASSETS
Current Assets:
Cash:
Treasurer's balance (deficit)
Deposited with fiscal agent
Investments, at cost
Taxes receivable deferred
Special assessments receivable:
Delinquent
Deferred
Total Assets
LIABILITIES AND FUND BALANCE
Current Liabilities:
Contracts payable
Deposits
Matured bonds and interest payable
Due to General Fund
Total Current Liabilities
Bonds payable
Fund Balance:
Appropriated
Unappropriated
Total Fund Balance
Total Liabilities and Fund
Balance
I CITY OF COLUMBIA UEIGNTS, MINNESOTA
$ (27,607) $ 2,370
52,182
45,000
60,500
87,161
602,047
$ 661,601 $160,052
$ 38,901 $ -
8,511
52,182
330,000
$ 377,412 $ 52,182
$ - $ 55,000
$ 9,934 $ 2,530
274,255 50,340
$ 284,189 $ 52,870
$ 661,601 $160,052
53
Form F
Totals
1980 1979
$ (25,237) $ 4,184
52,182 53,182
45,000
60,500 117,600
87,161 70,018
602,047 411,494
$ 821,653 $656,478
$ 38,901
$ 65,363
8,511
8,511
52,182
53,182
330,000
317,000
$ 429,594 $444,056
$ 55,000 $105,000
$ 12,464 $ 16,829
324,595 90,593
$ 337,059 $107,422
$ 821,653 $656,478
ANNUAL FINANCIAL REPORT
Form F -1
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1980.
With Comparative Totals for Year Ended December 31, 1979
Permanent Permanent
Improvement Improvement
Revolving Revolving
1980 1979
Totals
Revenues:
Increase in assessments
$418,838
$ -
$418,838
$168,484
Interest and penalties on special
assessments
36,959
36,959
40,441
Administration charges to projects
16,737
16,737
22,919
Miscellaneous
(2,661)
(2,661)
Total Revenues
$469,873
$ -
$469,873
$231,844
Other Financing Sources:
Transfers from:
Permanent Improvement Revolving Fund
55,500
55,500
53,000
Sewer Utility Fund
3,269
State Aid Fund
170,386
General Fund
17,574
17,574
10,467
Total Revenues and other Sources
$487,447
$ 55,500
$542,947
$468,966
Expenditures:
Capital project expenditures:
Construction contracts
$ 99,359
$ -
$ 99,359
$409,724
Other project costs
61,009
61,009
78,689
Administration costs
33,321
33,321
36,259
Fiscal agent charges
86
86
143
Total Expenditures
$193,689
$ 86
$193,775
$524,815
Other Financing Uses:
Transfer to Permanent Improvement
Revolving Bond Fund
55,500
55,500
53,000
Deferred tax levies (1980) cancelled
57,100
57,100
59,200
Adjust assessments
2,570
2,570
4,930
Total Expenditures and Other
Uses
$251,759
$ 57,186
$308,945
$641,945
Excess of Revenues and Other
Sources over (under) Expenditures
and Other Uses
$235,688
$ (1,686)
$234,002
$(172,979)
Fund balance at beginning of year
48,501
52,026
100,527
273,506
Fund balance at end of year -- Form F
$284,189
$ 50,340
$334,529
$ 100,527
CITY. OF COLUMBIA NEIGNTS, MINNESOTA 54
ANNUAL FINANCIAL REPORT
n
n
D
D
u
i
17
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA IINAN�CIAL KEP RT
EAR �NDED DECEMBER 31, 1980
E �TERrRIsE 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
Page
Combining Balance Sheet
Form
G
55
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings
Form
G -1
57
Combining Statement of Changes in Financial
Position
Form
G -2
59
Municipal Liquor Fund:
Balance Sheet
Form
H
61
Statement of Revenues, Expenses and Changes
in Retained Earnings
Form
H -1
62
Statement of Changes in Financial Position
Form
H -2
64
Schedule of Revenues - Off Sale
Form
H -3
65
Schedule of Operating Expenses
Form
H -4
67
Schedule of Property, Equipment and Accumulated
Depreciation
Form
H -5
69
Water Utility Fund:
Balance Sheet
Form
I
71
Statement of Changes in Retained Earnings
Form
I -1
72
Statement of Revenues and Expenses
Form
I-2
73
Statement of Changes in Financial Position
Form
I -3
74
Schedule of Property, Equipment and Accumulated
Depreciation
Form
I -4
75
Sewer Utility Fund:
Balance Sheet
Form
J
77
Statement of Changes in Retained Earnings
Form
J -1
78
Statement of Changes in Customer's Contribution
Form
J -2
79
Statement of Revenues and Expenses
Form
J -3
80
Statement of Changes in Financial Position
Form
J -4
81
Schedule of Property, Equipment and Accumulated
Depreciation
Form
J -5
82
u
u
r
r
D
r
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA�NDE'D' rANCIAL KEPORT
EAR DEC EMBER 311 1980
ENTERPRISE FU. �l'DS
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
Page
Combining Balance Sheet
Form
G
55
Combining Statement of Revenues, Expenses, and
Changes in Retained
Earnings
Form
G -1
57
Combining Statement of Changes in Financial
Position
Form
G -2
59
Municipal Liquor Fund:
Balance Sheet
Form
H
61
Statement of Revenues,
Expenses and Changes
in Retained Earnings
Form
H -1
62
Statement of Changes
in Financial Position
Form
H -2
64
Schedule of Revenues
- Off Sale
Form
H -3
65
Schedule of Operating
Expenses
Form
H -4
67
Schedule of Property,
Equipment and Accumulated
Depreciation
Form
H -5
69
Water Utility Fund:
Balance Sheet
Form
I
71
Statement of Changes
in Retained Earnings
Form
I -1
72
Statement of Revenues
and Expenses
Form
I-2
73
Statement of Changes
in Financial Position
Form
I -3
74
Schedule of Property,
Equipment and Accumulated
Depreciation
Form
I -4
75
Sewer Utility Fund:
Balance Sheet
Form
J
77
Statement of Changes
in Retained Earnings
Form
J -1
78
Statement of Changes
in Customer's Contribution
Form
J -2
79
Statement of Revenues
and Expenses
Form
J -3
80
Statement of Changes
in Financial Position
Form
J -4
81
Schedule of Property,
Equipment and Accumulated
Depreciation
Form
J -5
82
A
1
p COMBINING BALANCE SHEET - ALL ENTERPRISE FUND TYPES (Continued)
December 31, 1980
A
r
C Enterprise
wWater Sewer
Liquor Utility Utility
= LIABILITIES AND FUND EQUITY Fund Fund Fund
Current Liabilities:
4 Accounts payable
n Accrued liabilities
= Payable from restricted assets:
z Matured bonds and interest
oDue to other governmental units
4 Due to other funds
Total Current Liabilities
Other Liabilities:
Deferred credit
Due to other funds
Lq
rn
Total Other Liabilities
Fund Equity:
Contributions
Retained earnings (Deficit)
Total Fund Equity
Total Liabilities and Fund
Equity
z
c
s
z
s
z
n
s
iz
-v
90
4
Form G
Totals
December 31, December 31,
1980 1979
$ 20,631
$ 1,699
$ 706
$ 23,036
$ 7,042
7,109
4,007
2,816
13,932
15,295
25,875
41,145
53,821
94,966
25,237
11,550
11,550
54,450
27,740
58,401
57,343
143,484
127,899
-
-
302,683
302,683
312,457
29,700
29,700
41,250
-
29,700
302,683
332,383
353,707
-
1,867,534
1,891,128
3,758,662
3,753,849
609,861
(83,291)
(227,566)
299,004
246,601
609,681
1,784,243
1,663,562
4,057,666
4,000,450
$ 637,601
$ 1,872,344
$ 2,023,588
$ 4,533,533
$ 4,482,056
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - ALL ENTERPRISE FUND TYPES
Year Ended December 31, 1980
Liquor
OPERATING REVENUES:
Sales
$ 1,301,856
Cost of sales
868,704
Gross Profit
$ 433,152
OPERATING EXPENSES:
Personal services
269,860
Other services and charges
83,726
Supplies
8,320
Source of supply /disposal charges
Total
361,906
OPERATING INCOME BEFORE DEPRECIATION
71,246
DEPRECIATION
8,585
OPERATING INCOME (LOSS)
62,661
NON - OPERATING REVENUES (EXPENSES):
Interest income
36,773
Interest expense
Other income (expense) - net
4,180
Total
40,953
Net Income
103,614
Transfers to other funds
- --
RETAINED EARNINGS (DEFICIT)
AT BEGINNING OF YEAR
506,247
RETAINED EARNINGS (DEFICIT)
AT END OF YEAR
$ 609,861
CITY Or COLUMBIA NEIONTS, MINNESOTA ANNUAL FINANCIAL REPORT
- - - 57
Water Sewer
$ 599,514 $ 565,454
$ 599,514 $ 565,454
138,001
140,135
42,971
35,616
23,519
20,577
371,097
311,951
575,588
508,279
23,926
57,175
43,586
57,438
(19,660)
(263)
683,048
8,587
13,828
(2,178)
(5,520)
79
(1,084)
6,488
7,224
(13,172)
6,961
15,000
30,000
(55,119) (204,527)
$ (83,291) $(227,566)
Totals
1980
1979
$2,466,824
$2,194,777
868,704
800,721
$1,598,120
$1,394,056
547,996
484,911
162,313
164,238
52,416
46,304
683,048
608,875
1,445,773
1,304,328
152,347
89,728
109,609
111,337
42,738
(21,609)
59,188
46,282
(7,698)
(4,061)
3,175
11,973
54,665
54,194
97,403
32,585
45,000
(74,178)
Hum
246,601 269,789
CITY OF COLUMBIA HEIGHTS, MINNESOTA
58
Form G -1
ANNUAL FINANCIAL REPORT
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL ENTERPRISE FUND TYPES
Year Ended December 31, 1980
SOURCES OF WORKING CAPITAL:
Operations:
Net income
Items not requiring (providing) working capital
Depreciation
Loss - disposal fixed assets
Working Capital Provided by Operations
Decrease in long term contract receivable
Increase in deferred credit - revaluation MWCC
Decrease in deferred receivable- reserve capacity
Water tower sur -tax
Total Sources of Working Capital
USES OF WORKING CAPITAL:
Additions to property and equipment -net
Reduction of due to other funds
Decrease deferred credit - revaluation gain
Increase long -term contract receivable MWCC
Transfers to other funds
Total Uses of Working Capital
INCREASE (DECREASE) IN WORKING CAPITAL
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL
Cash
Investments
Accounts receivable
Inventory
Accounts payable
Due to other funds
Due from /to Metro Waste Control Commission
Net Increase (Decrease) in Working Capital
I CITY OF COLUMBIA NEIGNTS, MINNESOTA 59
Liquor
$ 103,614
8,585
112,199
112,199
4,100
4,100
$ 108,099
$ (456)
95,000
(852)
29,599
(15,192)
riT.T =.T.T.1
ANNUAL FINANCIAL REPORT
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
Form G -2
ANNUAL FINANCIAL REPORT
Totals
Water
Sewer
1980
1979
$(13,172)
$
6,961
$
97,403 $
32,585
43,586
57,438
109,609
111,337
345
30,414
64,399
207,012
144,267
9,774
9,774
9,398
28,133
1,323
1,323
1,230
18,405
30,414
75,496
218,109
201,433
2,885
6,183
13,168
12,498
11,550
11,550
10,450
9,774
9,774
9,398
28,133
15,000
30,000
45,000
70,909
29,435
45,957
79,492
131,388
$ 979
$
29,539
$
138,617 $
70,045
$ (2,294)
$
(8,553)
$
(11,303) $
(8,580)
(28,000)
15,000
82,000
95,000
48,227
16,968
64,343
(453)
(601)
28,998
(8,023)
(15,253)
(94)
(30,539)
29,644
(1,100)
44,000
42,900
(16,600)
(37,782)
(37,782)
(20,943)
$ 979
$
29,539
$
138,617 $
70,045
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
Form G -2
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE BALANCE SHEET
December 31, 1980 and 1979
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
Property and Equipment:
Land
Buildings
Improvements other than buildings
Office furniture and equipment
Store equipment
Total
Less: Allowance for depreciation
Net Property and Equipment -- Form H -5
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 H -1
Total Liabilities and Retained Earnings
CITY OF COLUMBIA HEIGHTS, MINNESOTA
61
Form H
1980 1979
$ 1,836
10,100
$ 11,936
355,000
164
122,367
$ 2,292
10,100
$ 12,392
260,000
1,016
92,768
$489,467 $366,176
$ 16,735
$ 16,735
169,390
169,390
66,056
63,289
1,375
1,375
75,623
74,290
$329,179 $325,079
181,045
172,460
$148,134
$152,619
$637,601
$518,795
$ 20,631
$ 5,314
5,890
4,359
1,219
2,875
$ 27,740
$ 12,548
609,861
506,247
$637,601
$518,795
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
COMBINED ON -SALE AND OFF -SALE
Years Ended December 31, 1980 and 1979
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Mdse. Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit on Sales
Totals All Stores
1980 1979
$1,301,856 $1,220,567
$ 92,768 $ 99,636
898,302 793,853
$ 991,070 $ 893,489
122,366 92,768
$ 868,704 $ 800,721
$ 433,152 $ 419,846
Percentage of Gross Profit to Sales 33.27% 34.40%
Lessi Operating Expense -- Form H -4 $ 361,906 $ 339,705
Operating Income before Depreciation$ 71,246 $ 80,141
Less: Depreciation -- Form H -5 8,585 8,940
Operating Income $ 62,661 $ 71,201
Nonoperating Revenues (Expenses):
Interest earnings - Trust Fund
Machine commissions
Other income
Bad checks
Cash short
Gain /Loss on disposal of assets
Total
Net Income
$ 36,773 $
21,270
7,435
8,656
641
1,494
(2,455)
(891)
(1,441)
(1,039)
(345)
$ 40,953 $
29,145
On -Sale Store
1980 1979
$334,594 $351,846
$ 11,020
109,094
$120,114
12,128
$107,986
$226,608
67.73%
$211,196
$ 15,412
5,177
$ 10,235
$ 12,257
6,073
230
(1,400)
(433)
$ 16,727
$ 10,954
112,229
$123,183
11,020
$112,163
$239,683
68.12%
$199,295
$ 40,388
.5,804
$ 34,584
$ 7,090
7,492
270
(695)
(412)
$ 13,745
$ 103,614 $ 100,346 $ 26,962 $ 48,329
Retained Earnings at beginning of year $ 506,247 $ 405,901
Retained Earnings at end of year $ 609,861 $ 506,247
CITY Or COLUMBIA OEICNTS, MINNESOTA
62
ANNUAL FINANCIAL lirORT
Off -Sale
Stores
Form H -1
T otals
NO.
2
NO.
3
1980
1979
1980
1979
1980
1979
$
967,262
$
868,721
$
426,658
$
405,985
$
540,604
$
462,736
$
81,748
$
88,682
$
35,065
$
41,055
$
46,683
$
47,627
789,208
681,624
347,858
319,678
441,350
361,946
$
870,956
$
770,306
$
382,923
$
360,733
$
488,033
$
409,573 .
110,238
81,748
47,736
35,065
62,502
46,683
$
760,718
$
688,558
$
335,187
$
325,668
$
425,531
$
362,890
$
206,544
$
180,163
$
91,471
$
80,317
$
115,073
$
99,846
21.35%
20.74%
21.44%
19.78%
21.28%
21.58%
$
150,710
$
140,410
$
72,690
$
69,097
$
77,820
$
71,313
$
55,834
$
39,753
$
18,581
$
11,220
$
37,253
$
28,533
3,408
3,136
1,215
1,094
2,193
2,042
$
52,426
$
36,617
$
17,366
$
10,126
$
35,060
$
26,491
24,516
14,180
12,258
7,090
12,258
7,090
1,362
1,164
.632
570
730
594
411
1,224
315
1,129
96
95
(11055)
(196)
(449)
(120)
(606)
(76)
(11008)
(627)
(456)
(254)
(552)
(373)
(345)
(345)
$
24,226
$
15,400
$
12,300
$
8,415
$
11,926
$
6,985
$
76,652
$
52,017
$
29,666
$
18,541
$
46,986
$
33,476
CITY., OF COLUMBIA
NEIGHTSI
MINNESOTA
ANNUAL
FINANCIAL REPORT
63
Form H -2
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1980 and 1979
1980 1979
Sources of Working Capital:
Operations:
Net income -- Form H -1 $103,614 $100,346
Items not requiring (providing) working capital:
Depreciation -- Form H -5 8,585 8,940
Loss on disposal of fixed assets 345
Total Sources of Working Capital $112,199 $109,631
Uses of Working Capital:
Acquisition of property and equipment -- Form H -5 $ 4,100 $ 4,869
Net Increase in Working Capital $108,099 $104,762
Elements of Net Increase in Working Capital:
Cash $ (456) $(13,016)
Investments 95,000 90,000
Accounts receivable (852) (1,657)
Inventory 29,599 (6,868)
Accounts payable (15,317) 38,178
Accrued liabilities 125 (1,875)
Net Increase in Working Capital $108,099 $104,762
CITY OF COLUMBIA NEIGNTS, MINNESOTA
64
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE SCHEDULE OF REVENUES - OFF SALE
Years Ended December 31, 1980 and 1979
1980
NO. 2
Sales $426,658 $162,062
Cost of Sales:
Inventory, Beginning $ 35,065 $ 27,921
347,858 129,784
Purchases
Total Merchandise Available for Sale $382,923 $157,705
Less: Inventory, Ending 47,736 37,402
Cost of Sales $335,187 $120,303
Gross Profit (Loss) on Sales $ 91,471 $ 41,759
Percentage of Gross Profit to Sales 21.44% 25.77%
NO. 3
Sales $540,604 $218,622
Cost of Sales:
Inventory, Beginning $ 46,683 $ 38,243
441,350 173,806
Purchases
Total Merchandise Available for Sale $488,033 $212,049
Less: Inventory, Ending 62,502 49,978
Cost of Sales $425,531 $162,071
Gross Profit (Loss) on Sales $115,073 $ 56,551
Percentage of Gross Profit to Sales 21.28% 25.87%
ICITY OF COLUMBIA NEI6NTS9 MINNESOTA 65 ANNUAL FINANCIAL REPORT
Total
Liquor
TOTAL OFF SALE
Sales
$967,262
$380,684
Cost of Sales:
Inventory, Beginning
$ 81,748
$ 66,164
Purchases
789,208
303,590
Total Merchandise Available for Sale
$870,956
$369,754
Less: Inventory, Ending
110,238
87,380
Cost of Sales
$760,718
$282,374
Gross Profit (Loss) on Sales -- Form H -1
$206,544
$ 98,310
Percentage of Gross Profit to Sales
21.35%
25.82%
NO. 2
Sales $426,658 $162,062
Cost of Sales:
Inventory, Beginning $ 35,065 $ 27,921
347,858 129,784
Purchases
Total Merchandise Available for Sale $382,923 $157,705
Less: Inventory, Ending 47,736 37,402
Cost of Sales $335,187 $120,303
Gross Profit (Loss) on Sales $ 91,471 $ 41,759
Percentage of Gross Profit to Sales 21.44% 25.77%
NO. 3
Sales $540,604 $218,622
Cost of Sales:
Inventory, Beginning $ 46,683 $ 38,243
441,350 173,806
Purchases
Total Merchandise Available for Sale $488,033 $212,049
Less: Inventory, Ending 62,502 49,978
Cost of Sales $425,531 $162,071
Gross Profit (Loss) on Sales $115,073 $ 56,551
Percentage of Gross Profit to Sales 21.28% 25.87%
ICITY OF COLUMBIA NEI6NTS9 MINNESOTA 65 ANNUAL FINANCIAL REPORT
1980
Beer Other
$571,495 $ 15,083
$ 13,538
463,430
$476,968
19,905
$457,063
$114,432
20.02%
$259,244
$ 2,046
22,188
$ 24,234
2,953
$ 21,281
$ (6,198)
$ 5,352
Total
$ 868,721
$ 88,682
681,624
$ 770,306
81,748
$ 688,558
20.74%
$ 405,985
Form H -3
1979
Liquor Beer Other
$ 355,288 $ 495,924 $ 17,509
$ 72,590
$ 13,987
$ 2,105
264,472
401,426
15,726
$ 337,062
$ 415,413
$ 17,831
66,164
13,538
2,046
$ 270,898
$ 401,815
$ 15,785
$ 84,390 $ 94,049 $ 1,724
23.75% 18.96% 9.85%
$ 160,979 $ 238,181 $ 6,825
$ 6,627
$
517
$
41,055
$
33,378
$
7,010
$
1 667
208,583
9,491
319,678
116,858
196,413
6,407
$215,210
$
10,008
$
360,733
$
150,236
$
203,423
$
7,074
9,121
1,213
35,065
27,921
6,627
517
$206,089
$
8,795
$
325,668
$
122,315
$
196,796
$
6,557
$ 53,155
$
(3,443)
$
80,317
$
38,664
$
41,385
$
268
20.50%
-
19.78%
24.02%
17.38%
3.93%
$312,251
$
9,731
$
462,736
$
194,309
$
257,743
$
10,684
$ 6,911
$
1,529
$
47,627
$
39,212
$
6,977
$
1,438
254,847
12,697
361,946
147,614
205,013
9,319
$261,758
$
14,226
$
409,573
$
186,826
$
211,990
$
10,757
10,784
1,740
46,683
38,243
6,911
1,529
$250,974
$
12,486
$
362,890
$
148,583
$
205,079
T-9,228
$ 61,277 $ (2,755)
$ 99,846
$ 45,726
$ 52,664
$ 1,456
19.62% -
21.58%
23.53%
20.43%
13.63%
I CITY OF COLUMBIA HEIGHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE SCHEDULE OF OPERATING EXPENSES
COMBINED ON -SALE AND OFF -SALE
Years Ended December 31, 1980 and 1979
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
CITY OF COLUMBIA HEIGHTS, MINNESOTA
67
$ 3,568 $ 2,188
32,912
1980
Total
On -Sale
$131,496
$ 64,034
103,683
65,766
1,767
1,575
22,691
12,890
6,061
3,181
4,162
3,023
$269,860
$150,469
$ 3,568 $ 2,188
32,912
31,312
2,130
983
758
209
14,961
7,879
20,822
10,083
4,090
1,714
4,485
1,152
$ 83,726
$ 55,520
$ 4,722 $ 1,609
3,598 3,598
$ 8,320 $ 5,207
$361,906 $211,196
(Form H -1)
ANNUAL FINANCIAL REPORT
Form H -4
1980
1979
No. 2
No. 3
Total
On -Sale
No. 2
No. 3
$
33,647
$
33,815
$
120,561
$
57,890
$
31,398
$
31,273
17,743
20,174
98,104
64,864
15,977
17,263
93
99
1,363
1,299
3
61
4,720
5,081
20,626
11,028
4,576
5,022
1,583
1,297
5,992
3,334
1,419
1,239
546
593
4,406
3,581
394
431
$
58,332
$
61,059
$
251,052
$
141,996
$
53,767
$
55,289
$
541
$
839
$
2,420
$
1,168
$
1,216
$
36
800
800
31,228
29,328
940
960
612
535
1,745
759
554
432
340
209
594
198
198
198
3,148
3,934
13,100
7,439
2,439
3,222
5,262
5,477
20,539
8,117
5,869
6,553
1,015
1,361
3,675
1,525
1,093
1,057
2,002
1,466
1,867
5,541
2,057
1,482
$
13,184
$
15,022
$
78,842
$
50,591
$
13,791
$
14,460
$
1,374
$
1,739
$
4,907
$
1,804
$
1,539
$
1,564
4,904
4,904
$
1,374
$
1,739
$
9,811
$
6,708
$
1,539
$
1,564
$
72,890
$
77,820
$
339,705
$
199,295
$
69,097
$
71,313
'
CITY
COLUMBIA
OF CO U
HEIGHTS
MINNESOTA
ANNUAL
.FINANCIAL REPORT
68
__
MUNICIPAL LIQUOR FUND
SCHEDULE OF PROPERTY, EQUIPMENT AND
ACCUMULATED DEPRECIATION
Year Ended December 31, 1980
Property and Equipment
CITY OF COLUMBIA NEWTS, MINNESOTA 69 ANNUAL IFINANCIAL REPORT
Balances
Balances
1 -1 -80
Additions
12 -31 -80
On Sale /Lounge:
Land
$
9,610
$
-
$ 9,610
Building
99,130
99,130
Parking area
8,335
8,335
Improvements
other than buildings
38,057
38,057
Fixtures
35,938
35,938
Equipment:
Store
13,284
131284
Office
735
735
Total
$
205,089
$
-
$ 205,089
Off Sale No. 2
Store:
Land
$
2,765
$
-
$ 2,765
Building
27,637
27,637
Improvements
other than buildings
10,253
1,210
11,463
Fixtures
7,054
7,054
Equipment:
Store
1,470
1,333
2,803
Office
404
404
Total
$
49,583
$
2,543
$ 52,126
Off Sale No. 3
Store:
Land
$
4,360
$
-
$ 4,360
Building
42,623
42,623
Improvements
other than buildings
6,645
1,557
8,202
Fixtures
14,791
14,791
Equipment:
Store
1,752
1,752
Office
236
236
Total
$
70,407
$
1,557
$ 71,964
Grand Totals
$
325,079
$
4,100
$ 329,179
(Form H -2)
(Form H)
CITY OF COLUMBIA NEWTS, MINNESOTA 69 ANNUAL IFINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
70
Form H -5
ANNUAL FINANCIAL REPORT
Accumulated
Depreciation
Balances
Depreciation
Balances
Net Asset
1 1 80
'taken
12 -31 -80
Value
$ _
$ -
$ _
$
9,610
48,384
1,951
50,335
48,795
1,737
417
2,154
6,181
30,001
1,379
31,380
6,677
33,587
502
34,089
1,849
6,696
844
7,540
5,744
434
84
518
217
$120,839
$ 5,177
$ 126,016
$
79,073
$ _
$ -
$ _
$
2,765
8,429
553
8,982
18,655
4,250
393
4,643
6,820
6,426
71
6,497
557
737
164
901
1,902
263
34
297
107
$ 20,105
$ 1,215
$ 21,320
$
30,806
$ -
$ -
$ -
$
4,360
14,385
872
15,257
27,366
4,465
411
4,876
3,326
11,858
740
12,598
2,193
632
148
780
972
176
22'
198
38
$ 31,516
$ 2,193
$ 33,709
$
38,255
$172,460
$ 8,585
$ 181,045
$
148,134
(Form H -1)
(Form H)
(Form H)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
70
Form H -5
ANNUAL FINANCIAL REPORT
WATER UTILITY FUND Form I
COMPARATIVE BALANCE SHEET
December 31, 1980 and 1979
ASSETS
1980
1979
Current Assets:
Cash - Treasurer's balance
$ 1,546
$ 3,840
Investments, at cost
72,000
100,000
Accounts receivable:
Unbilled services
194,523
144,295
Special assessments:
Current
8,327
9,180
Delinquent
351
1,587
Other
188
100
Meter inventory, at cost
1,866
2,467
Total Current Assets
$ 278,801
$ 261,469
Restricted Assets:
Cash with fiscal agent
$ 25,875
Property and Equipment:
Land
$ 45,223
$ 45,223
Buildings
210,987
208,787
Improvements other than buildings
2,160,892
2,160,893
Machinery and equipment
107,322
106,636
Total
$2,524,424
$2,521,539
Less: Allowance for depreciation
930,881
887,295
Net Property and Equipment -- Form I -4
$1,593,543
$1,634,244
Total Assets
$1,872,344
$1,921,588
LIABILITIES, CONTRIBUTIONS, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$ 1,699
$ ,370
Accrued salaries payable
3,420
4,078
4
Accrued social security /P.E.R.A. payable
587
913
Due to other governmental units
41,145
25,237
Due to general obligation bonds of 1965
11,550
10,450
Total
$ 58,401
$ 42,048
Current Liabilities (Payable from Restricted Assets):
Matured bonds and interest payable
25,875
Total Current Liabilities
$ 58,401
$ 67,923
Other Liabilities (less current portion above):
Due to general obligation bonds of 1965
29,700
41,250
Total Liabilities
$ 88,101
$ 109,173
Contributions:
Contributions from customers $1,414,534 $1,414,534
Contributions from federal grant 453,000 453,000
Total Contributions $1,867,534 $1,867,534
Retained Earnings (Deficit) -- Form I -1 $ (83,291) $ (55,119)
Total Liabilities, Contributions $1,872,344 $1,921,588
and Retained Earnings
CITY OF COLUMBIA MEICNTS, MINNESOTA ANNUAL FINANCIAL tE�ORT
71
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
Years Ended December 31, 1980 and 1979
Retained Earnings (Deficit) at beginning of year
Reclassify reserve for Sur -tax
tower construction (sur tax ended August, 1979)
Add:
Net income for the year -- Form I -2
Total Balance and Additions
Deduct:
Net loss for the year -- Form I -2
Transfer.to general obligation bonds:
Garage Bonds
Transfer to Water Revenue Bonds
Total Deductions
Retained Earnings (Deficit) at end of year
CITY OF COLUMBIA HEIGHTS, MINNESOTA
72
Form I -1
1980 1979
$ (55,119) $ (8,840)
18,405
$ (55,119) $ 9,565
$ 13,172
15,000
$ 28,172
$ (83,291)
$ 23,775
15,000
25,909
$ 64,684
$ (55,119)
ANNUAL FINANCIAL REPORT.
WATER UTILITY FUND
COMPARATIVE STATEMENT OF REVENUES AND EXPENSES
Years Ended December 31, 1980 and 1979
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
Operating Income Before Depreciation
Less: Depreciation -- Form I -4
Operating Income (Loss)
Nonoperating Revenues (Expenses):
Interest earnings - Trust Fund
Certification delinquent utility bills
Miscellaneous
Interest expense
Total
Net Income (Loss) -- Form I -1
CITY OF COLUMBIA NEIGNTS, MINNESOTA 73
Form I -2
1980 1979
$ 590,904 $ 478,392
500
500
649
1,176
918
825
6,543
2,968
$ 599,514 $ 483,861
371,097
288,872
122,998
115,821
34,047
26,836
22,424
17,155
15,003
13,093
8,924
11,542
1,095
1,045
$ 575,588
$ 474,364
$ 23,926
$ 9,497
43,586
43,437
$ (19,660)
$ (33,940)
$ 7,681 $ 9,455
906 1,197
79 1,864
(2,178) (2,351)
$ 6,488 $ 10,165
$ (13,172) $ (23,775)
ANNUAL FINANCIAL REPORT
Form I -3
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1980 ,and 1979
CITY OF COLUMBIA HEIGHTS, MINNESOTA 74 ANNUAL FINANCIAL REPORT
-
1980
1979
Source of Working Capital:
Operations:
Net income (loss) -- Form I -2
$
(13,172)
$
(23,775)
Water tower sur -tax
18,405
Items not requiring (providing) working capital:
Depreciation -- Form I -4
43,586
43,437
Working Capital Provided by Operations
$
30,414
$
38,067
Contributions from customers
78,496
Total Sources of Working Capital
$
30,414
$
116,563
Uses of Working Capital:
Transfer to Water Debt Service Fund
$
-
$
25,909
Transfer to Garage Debt Service Fund
15,000
15,000
Acquisition of property and equipment -- Form I -4
2,885
79,850
Reduction in amount due other funds
11,550
10,450
Total Uses of Working Capital
$
29,435
$
131,209
Net Increase (Decrease) in Working Capital
$
979
$
(14,646)
Elements of Net Increase (Decrease) in Working Capital:
Cash
$
(2,294)
$
(6,491)
Accounts receivable
48,227
(6,152)
Investments
(28,000)
5,000
Inventory
(601)
(1,155)
Accounts payable
(15,253)
(4,748),
Due to other funds
(11100)
(11100)
Net Increase (Decrease) in Working Capital
$
979
$
(14,646)
CITY OF COLUMBIA HEIGHTS, MINNESOTA 74 ANNUAL FINANCIAL REPORT
-
WATER UTILITY FUND
SCHEDULE OF PROPERTY, EQUIPMENT AND
ACCUMULATED DEPRECIATION
Year Ended December 31, 1980
CITY OF COLUMBIA NEIGMTS, MINNESOTA 75 ANNUAL FINANCIAL REPORT
Property
and Equipment
Balances
Balances
1 -1 -80
Additions
Transfers
12 -31 -80
Land
$ 45,223
$
$
$ 45,223
Buildings
208,787
2,200
210,987
Improvements other than buildings
2,160,893
(1)
2,160,892
Machinery and equipment
103,917
577
104,494
Office furniture and equipment
2,719
109
2,828
Grand Totals
$2,521,539
$ 2,886
$e (1)
$2,524,424
(Form I -3)
(Form I)
CITY OF COLUMBIA NEIGMTS, MINNESOTA 75 ANNUAL FINANCIAL REPORT
Form I -4
Accumulated Depreciation
Balances
Depreciation
Balances
Net Assets
1. -1 -80
Taken Deductions
12 -31 -80
Value
_
$ _ $ _
$ -
$ 45,223
35,490
6,734
42,224
168,763
773,978
30,424
804,402
1,356,490
75,437
6,358
81,795
22,699
2,390
70
2,460
368
$887,295
$ 43,586 $ -
$ 930,881
$ 1,593,543
(Form I -2)
(Form I)
(Form I)
i
CITY., OF COLUMBIA HEIGHTS, MINNESOTA
76
ANNUAL FINANCIAL REPORT
SEWER UTILITY FUND Form J
COMPARATIVE BALANCE SHEET
December 31, 1980 and 1979
ASSETS
1980
1979
Current Assets:
Cash- Treasurer's balance
$
2,689
$
11,242
Investments, at cost
22,450
7,450
Accounts receivable:
Unbilled services
101,240
83,285
Other
987
Due from Metropolitan Waste Control Commission
operating cost adjustment 1979 and 1978
33,541
17,502
Total Current Assets
$
159,920
$
120,466
Deferred Assets:
Due from Metropolitan Waste Control Commission:
Reserve capacity
$
32,630
$
33,953
Interceptor acquisition contract
302,683
312,457
Total Deferred Assets
$
335,313
$
346,410
Property and Equipment:
Land
$
36,586
$
36,586
Buildings
24,308
24,054
Improvements other than buildings
2,304,111
2,299,298
Machinery and equipment
177,192
171,263
Total
$
2,542,197
$
2,531,201
Less: Allowance for depreciation
1,013,842
956,404
Net Property and Equipment -- Form J -5
$
1,528,355
$
1,574,797
Total Assets
$
2,023,588
$
2,041,673
LIABILITIES, CONTRIBUTIONS, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$
706
$
358
Accrued salaries and fringe payable
2,816
3,070
Due to other governmental units
53,821
Due to Bonds of 1976 Fund
44,000
Total Current Liabilities
$
57,343
$
47,428
Deferred Credits:
Revaluation gain:
Interceptor acquisition by Metropolitan Waste
Control Commission
$
302,683
$
312,457
Contributions from Customers
$
1,891,128
$
1,886,315
Retained Earnings (deficit) -- Form J -1
$
(227,566)$
(204,527)
Total Liabilities, Contributions, and Retained
Earnings
$
2,023,588
$
2,041,673
CITY OF.. COLUMBIA HEIGHTS, MINNESOTA
--
ANNUAL
FINANCIAL REPORT
77 �
1
i
Form J -1
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
Years Ended December 31, 1980 and 1979
Retained Earnings (deficit) at beginning of year
Add:
Net income for the year -- Form J -3
Total Balance and Additions
Deduct:
Net loss for the year -- Form J -3
Appropriations to Capital Projects:
Storm sewer projects
Transfer to debt services funds
Total Deductions
Retained Earnings (deficit) at end of year
CITY OF COLUMBIA MEICNTS, MINNESOTA 78
1980 1979
$ (204,527) $ (127,272)
6,961
$ (197,566) $ (127,272)
$ - $ 43,986
3,269
30,000 30,000
$ 30,000 $ 77,255
$ (227,566) (204,527)
ANNUAL FINANCIAL REPORT
SEWER UTILITY FUND
STATEMENT OF CHANGES IN CUSTOMER'S CONTRIBUTION
Year Ended December 31, 1980
Balance at beginning of year
Add:
Property and equipment provided by special
assessments during 1980
Balance at end of year
I CITY OF COLUMBIA NEIONTS, MINNESOTA
79
Form J -2
$ 1,886,315
4,813
ANNUAL FINANCIAL REPORT
Form J -3
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF REVENUES AND EXPENSES
Years Ended December 31, 1980 and 1979
1980 1979
Operating Revenues:
Sewer service charges - general customers
and interdepartmental
$
562,398
$
486,061
Refunds and Reimbursements:
Metropolitan Waste Control Commission:
Interceptor maintenance
2,886
2,886
S.A.C. charge refund
170
1,402
Total Operating Revenues
$
565,454
$
490,349
Operating Expenses:
Disposal - Metro Waste Control Commission
$
345,492
$
337,505
Deduct experience adjustment for prior years
(33,541)
(17,502)
Net Disposal Charges
$
311,951
$
320,003
Collections:
Personal services
123,431
92,565
Other services and charges
29,059
38,483
Supplies
19,479
17,802
Administration:
Personal services
16,704
12,380
Other services and charges
6,557
8,535
Supplies
1,098
491
Total Operating Expenses
$
508,279
$
490,259
Operating Income Before Depreciation
$
57,175
$
90
Less: Depreciation -- Form J -5
57,438
58,960
Operating Loss
$
(263)
$
(58,870)
Nonoperating Revenues-(Expenses):
Interest earnings
$
360
$
360
Metro Waste Control Commission
Interest on deferred current value credit
12,498
12,874
Interest on reserve capacity deferred charges
970
1,126
Other income
41
2,234
Easement e
(1,125)
Interest expense
(5,520)
(1,710)
Total
$
.7,224
$
14,884
Net Income (Loss) -- Form J -1
$
6,961
$
(43,986)
I CITY OF COLUMBIA NEIGNTS, NINNESOTA 80 ANNUAL FINANCIAL REPORT
0
u
k
l
0
0
n
n
Form J -4
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1980 and 1979
1980 1979
Source of Working Capital: -
Operations:
Net income (loss) - Form J -3
$
6,961
$
(43,986)
Items not requiring (providing) working capital:
Depreciation - Form J -5
57,438
58,960
Working Capital Provided from Operations
$
64,399
$
14,974
Metropolitan Waste Control Commission:
Decrease in long -term contract receivable
9,774
9,398
Increase in deferred credit - revaluation MWCC
28,133
Decrease in deferred receivable - Reserve Capacity
charge
1,323
1,230
Total Metropolitan Waste Control Commission
$
11,097
$
38,761
Contributions from customers
$
4,813
$
21,349
Total Sources of Working Capital
$
80,309
$
75,084
Uses of Working Capital:
Decrease in deferred credit - revaluation
gain on sale of fixed assets
$
9,774
$
9,398
Increase in long -term contract receivable MWCC
28,133
Appropriation to Capital Projects:
Storm sewer projects
3,269
Transfer to debt services funds
30,000
30,000
Additions to property and equipment -- Form J -5
10,996
24,355
Total Uses of Working Capital
$
50,770
$
95,155
Net Increase (Decrease) in Working Capital
29,539
(20,071)
Elements of Net Increase (Decrease) in Working Capital:
Cash $ (8,553) $ 10,927
Investments 15,000
Accounts receivable 16,968 7,356
Accounts payable (94) (11911)
Due to Bonds of 1976 Fund 44,000 (15,500)
Due from /to Metro Waste Control Commission (37,782) (20,943)
Net Increase (Decrease) in Working Capital $ 29,539 $ (20,071)
I CITY OF COLUMBIA NEICNTS, MINNESOTA 81 AMNUAL FINANCIAL KPORT
SEWER UTILITY FUND
SCHEDULE OF PROPERTY, EQUIPMENT AND
ACCUMULATED DEPRECIATION
Year Ended December 31, 1980
I CITY OF COLUMBIA MEICIITS, MINNESOTA 82
ANNUAL FINANCIAL REPORT
Property and Equipment
Balances
Balances
1 -1 -80
Additions Transfers
12 -31 -80
Land
$ 36,586
$ - $ -
$ 36,586
Buildings
24,054
254
24,308
Improvements other than buildings
2,299,298
4,813
2,304,111
Machinery and equipment
169,701
5,929
175,630
Office furniture and equipment
1,562
1,562
Grand Total
$2,531,201
$ 10,996 $ -
$2,542,197
(Form J -4)
(Form J)
I CITY OF COLUMBIA MEICIITS, MINNESOTA 82
ANNUAL FINANCIAL REPORT
Balances
1 -1 -80
Accum
Depreciation
7,437
605
827,747
46,010
119,986
10,759
1,234
64
$_ 956,404 $
57,438
(Form J -3)
3 Depreciation
Deductions
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Balances
12 -31 -80
8,042
873,757
130,745
1,298
$ 1,013,842
(Form J)
Form J -5
Net Asset
Value
$ 36,586
16,266
1,430,354
44,885
246
$1,528,355
(Form J)
ANNUAL FINANCIAL REPORT
83
HE CITX OF COLUM IA HEIGHTSo MINNESOTA
NNUAj TINA CIAL EPORT
EAR tNDED DECEMBER 31,1980
ENTERNAL 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.
TABLE OF CONTENTS
Central Garage Fund:
Balance Sheet
Statement of Revenues, Expenses, and
Changes in Retained Earnings
Statement of changes in Financial
Position
Schedule of Property, Equipment and
Accumulated Depreciation
Page
Form
K
84
Form
K -1
85
Form
K -2
86
Form
K -3
87
Form K
CENTRAL GARAGE FUND
COMPARATIVE BALANCE SHEET
December 31, 1980 and 1979
I CIT> OF COLUMBIA HEIGHTS, MINNESOTA
84
ANNUAL FINANCIAL REPORT
1980
1979
ASSETS
Current Assets:
Lash- Treasurer's balance
$
1,646
$
6,593
Investments, at cost
6,000
'
Accounts receivable
19
Inventory, at cost
48,164
42,971
Total Current Assets
$
55,810
$
49,583
Property and Equipment:
Office furniture and equipment
$
741
$
741
'
Machinery and equipment
63,912
63,912
Total
$
64,653
$
64,653
39,768
34,839
1
Less: Allowance for depreciation
Net Property and Equipment -- Form -3
$
24,885
$
29,814
'
$
80,695
$
79,397
Total Assets
LIABILITIES, CONTRIBUTIONS, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$
4,172
$
4,358
Accrued salaries payable
1,834
1,512
Accrued social security /P.E.R.A.
412
692
Due to General Fund
8,000
'
Total Current Liabilities
$
6,418
$
14,562
Contributions:
Municipality's contribution
$
94,653
$
94,653
Retained Earnings (deficit) -- Form K =1
$
(20,376)
$
(29,818)
Total Liabilities, Contributions,
and Retained Earnings
$
80,695
$
79,397
I CIT> OF COLUMBIA HEIGHTS, MINNESOTA
84
ANNUAL FINANCIAL REPORT
CITY Of COLUMBIA MEIOMTS, MINNESOTA
85
<.
ANNUAL FINANCIAL REPORT
Form K -1
'
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES
IN RETAINED EARNINGS
Years Ended December 31, 1980
and 1979
1980
1979
Billing to Departments
$
136,884
$ 115,767
Operating Expense:
Mechanics labor
82,128
71,783
Other services and charges
22,203
26,419
Supplies
11,378
7,817
Contractural services
6,651
5,209
1
Total Operating Expense
$
122,360
$ 111,228
Operating Income before depreciation
$
14,524
$ 4,539
Less: Depreciation -- Form K -3
4,929
4,894
Operating Income (Loss)
$
9,595
$ (355)
Nonoperating Revenues (Expenses):
Sale of materials
$
567
$ 291
Interest expense
(720)
Total
$
(153)
$ 291
Net Income (Loss)
$
9,442 _
$ (64)
Retained Earnings at beginning of year
(29,818)
(29,754)
Retained Earnings at end of year
$
(20,376)
$ (29,818)
CITY Of COLUMBIA MEIOMTS, MINNESOTA
85
<.
ANNUAL FINANCIAL REPORT
Form K -2
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1980 and 1979
1980 1979
Sources of working Capital:
Operations:
Net income (loss) -- Form K -1 $ 9,442 $ (64)
Items not requiring (providing) working capital:
Depreciation -- Form K -3 4,929 4,894
working Capital Provided by Operations $ 14,371 $ 4,830
Contributions 2,088
Total Sources of Working Capital $ 14,371 $ 6,918
Uses of Working Capital:
Acquisition of property and equipment -- Form K -3
$ -
$
-2,088
.Total Uses of Working Capital
$ -
$
2,088
Net Increase in Working Capital
$ 14,371
$
4,830
Elements of Net Increase in Working Capital:
Cash $ (4,947) $ 3,615
Investments 6,000
Accounts receivable (19) (89)
Inventory 5,193 13,530
Accounts payable 144 (4,226)
Due to other funds 8,000 (81000)
Net Increase in Working Capital $ 14,371 $ 4,830
CITY OF COLUMBIA NEIGNTS, MINNESOTA 86 ANNUAL FINANCIAL REPORT
A_
A
O
r
3
as
s
s
N
Z
Z
�w
O
OD
r
Z
C
>
r
z
z
n
s
r
s
rn
s
M M M M = = M ® M M = = = = ® M = M
CENTRAL GARAGE FUND
SCHEDULE OF PROPERTY, EQUIPMENT, AND ACCUMULATED DEPRECIATION
Year Ended December 31, 1980
Office furniture and equipment
Machinery and equipment
Total
Property and Equipment
Balances Balances
1 -1 -80 Additions 12 -31 -80
$ 741 $ - $ 741
63,912 63,912
$ 64,653 $ - $ 64,653
_ Allowance for Depreciation
Balances Depreciation Balances Net Asset
1 -1 -80 Taken 12 -31 -80 Value
$ 589 $ 16 $ 605 $ 136
34,250 4,913 39,163 24,749
$ 34,839 $ 4,929 $ 39,768 $ 24,885
(Form K -1) (Form K) (Form K)
rh
rO�
8
w
I
HE CITY OF COLUMDIA HEIGHTS, MINNESOTA
NNUA�NDED INA CIAL EPQRT
EAR 1JECEMBER S1, 1980
GEXERAL FIXED .ASSETS
GROUP OF ACCOURS
TABLE OF CONTENTS
Statement of General Fixed Assets
Form L
Page
88
i
i
Form L
STATEMENT OF GENERAL FIXED ASSETS
December 31, 1980
General Fixed Assets:
Land $ 3,025,100
Buildings 2,672,299
Improvements other than buildings 191,431
Office furniture and equipment 624,807
Machinery and equipment 903,578
Construction in progress 1,740,193
Total - Form A $ 9,157,408
Investment in General Fixed Assets:
General obilgation bonds:
Library bonds of 1966 $ 90,000
Municipal building bonds of 1959 150,000
.Park bonds of 1962 325,000
City garage bonds of 1972 510,000
Capital improvement bonds of 1976 929,475
Tax increment bonds 1980 1,624,039
Total General Obligation bonds $ 3,628,514
Grants:
Federal E.D.A. and H.U.D. $ 526,290
State 116,715
Total Grants $ 643,005
Revenue Sharing:
Federal $ 1,132,642
Anoka County 51,550
Total Revenue Sharing $ 1,184,192
Balance from current revenues and contributions $ 3,701,697
Total Investments in General Fixed Assets $ 9,157,408
CITY OF COLUMBIA HEIGHTS, MINNESOTA 88 ANNUAL FINANCIAL REPORT
HE CITE OF COLUM IA HEIGHTS, MINNESOTA
NNUA t'INANCIAL KEP RT
EAR �NDED DECEMBER 1, 1980
GENERAL LOIG-TER11 DEBT
GROUP OF ACCOUNTS
TABLE OF CONTENTS
Statement of General Long -Term Debt
Schedule of Funding Available and Funds
Required
Schedule of Debt Service Requirements to
Maturity
Page
Form M 89
Form M -1 90
Form M =2 91
Form M
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1980
AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE
PAYMENT OF GENERAL LONG -TERM DEBT
Amount available in debt service funds $ 1,035,023
Amount to be provided by future tax levies 8,184,977
Total Available and to be Provided $ 9,220,000
GENERAL LONG -TERM DEBT PAYABLE
General obligation bonds payable $ 9,220,000
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 $55,000 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 89
ANNUAL FINANCIAL REPORT
Form M -1
SCHEDULE OF FUNDING AVAILABLE
AND FUNDS REQUIRED
December 31, 1980
Total
Cash, Investments, and Receivables $ 1,061,193
Deferred Tax Levies
Levy /Payable Years:
1980/81
362,400
1981/82
1,024,170
1982/83
862,958
1983/84
857,218
1984/85
851,918
1985/86
892,658
1986/87
939,698
1987/88
971,198
1988/89
998,498
1989/90
1,047,848
1990/91
1,064,648
1991/92
1,077,248
1992/93
1,059,398
1993/94
1,118,198
1994/95
1,116,098
1995/96
1,056,563
1996/97
995,925
1997/98
934,185
1998/99
871,710
1999/00
808,500
2000/01
114,188
Total
$19,025,225
FUNDING AVAILABLE
$20,086,418
Bonds /Future Interest Payable
Bonds
$ 9,220,000
Future interest
10,122,640
FUNDS REQUIRED
$19,342,640
BALANCE
$ 743,778
CITY OF COLUMBIA NEIGHTS, MINNESOTA 90 ANNUAL FINANCIAL REPO
SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1980
1981
1982
1983
1984
1985
1986
1987
Form M -2
General
Obligation
Bonds
Principal
Interest
$ 320,000 $
715,058
340,000
702,107
255,000
687,560
150,000
676,.790
671,350
140,000
665,750
190,000
652,550
250,000
634,950
300,000
612,950
350,000
586,950
425,000
555,950
475,000
519,950
525,000
479,950
550,000
436,950
650,000
388,950
700,000
334,600
700,000
277,375
700,000
219,100
700,000
159,950
700,000
100,100
700,000
39,375
100,000
4,375
$ 9,220,000 $10,122,640
91 ANNUAL FINANCIAL REPORT
ASSESSED VALUE AND MARKET VALUE
OF ALL TAXABLE PROPERTY
LEVY YEARS 1972 THROUGH 1980
(1) 1975 and subsegdent, property values include net amount allocated
pursuant to the "fiscal disparities law ", Laws 1971 Extra Session.
Chapter 24, from area -wide (metropolitan) ":ool ".
I CITY Or COLUMBIA MEIOHTS, MINNESOTA 92
ANNUAL nNANCIAL REPORT
1972
1973
1974
1975 (1)
Population
24,079
24,079
23,503
23,316
Real Property
Assessed Value
$
53,793,085
$
56,287,399
$
57,049,639
$
62,748,967
Area -wide allocation:
Contribution
$
(850,697)
Distribution
$
2,619,939
Market Value
$
155,846,893
$
162,253,840
$
164,040,324
$
181,360,401
Personal Property
Assessed " lue
$
1,279,733
$
1,278,820
$
1,294,472
$
1,230,101
Market - commercial
$
2,975,380
$
2,973,256
$
3,010,400
$
2,860,700
Total Real and Per-
sonal Property
Assessed Value
$
55,072,818
$
57,566,219
$
58,344,111
$
65,748,310
Market Value
$
158,822,273
$
165,227,096
$
167,050,724
$
184,221,101
Ratio of Total Assess-
ed Value to Total
Market Value
:3467
:3484
:3492
:3569
Per Capita Valuations
°
Assessed Value
$
2,287
$
2,391
$
2,482
$
2,820
Market Value
$
6,596
$
6,862
$
7,108
$
7,901
(1) 1975 and subsegdent, property values include net amount allocated
pursuant to the "fiscal disparities law ", Laws 1971 Extra Session.
Chapter 24, from area -wide (metropolitan) ":ool ".
I CITY Or COLUMBIA MEIOHTS, MINNESOTA 92
ANNUAL nNANCIAL REPORT
HE CIT OF COLUM IA HEIGHTS, MINNESOTA
NNUA tINA CIAL KEPQQRT
EAR �NDED DECEMBER S1. 1980
STATISTICAL SECTION
TABLE OF CONTENTS
Page
Assessed Value and Market Value
of all Taxable Property
Table
I
92
Table
II
94
Tax Rates
Table
III
95
City Tax Levy
Tax Levies and Tax Collections
Table
IV
96
Special Assessment Collections
Table
V
96
Revenues - Other than Property Taxes and
Special Assessments
Table
VI
98
Expenditures for Selected Functions
Table
VII
98
Statement of Legal Debt Margin
Table
VIII
99
Combining Schedule of Bonds Payable
Table
IX
100
Schedule of Investments
Table
X
104
Schedule of Cash and Security for Deposit
Table
XI
106
Schedule of Insurance in Force
Table
XII
108
Principal City Officials and Surety
Bonds
Table
XIII
110
Miscellaneous Statistical Facts
Table
XIV
111
1976 1977 1978
22,324 21,890 21,300
Table I
1979
21,270
1980
20,029
$ 67,746,917
$
68,981,490
$
71,601,406
$
73,741,181
$
85,721,087
$ (850,697)
$
(1,085,236)
$
(1,491,381)
$
(1,840,970)
$
(2,000,000)
$ 2,355,131
$
2,641,684
$
3,311,002
$
4,062,894
$
4,383,409
$ 198,140,355
$
219,125,884
$
248,901,043
$
288,414,300
$
355,767,800
$ 1,220,899
$
1,213,202
$
1,221,501
$
1,218,792
$
1,295,504
$ 2,839,300
$
2,821,400
$
2,840,700
$
2,834,400
$
3,012,800
$ '70,472,250
$
71,751,140
$
74,642,528
$
77,181,897
$
91,400,000
$ 200,979,655
$
221,947,284
$
251,741,743
$
291,248,700
$
358,780,600
:3506
:3233
:2965
:2650
:2548
$ 3,157
$
3,279
�$
3,504
$
3,629
$
4,563
$ 9,003
$
10,139
$
11,819
$
13,693
$
17,913
CITY OF COLUMBIA HEIGHTS, MINNESOTA
93
ANNUAL FINANCIAL REPORT
Table II
TAX RATES
YEARS 1971 THROUGH 1980
Fiscal
Metro
Year
City
School
County
Council
Other (B)
Total
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
1980
21.101
46.727
23.349
2.990
.839
95.006
(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 MEIONTS, MINNESOTA 94 ANNUAL FINANCIAL REPORT
CITY TAX LEVY
YEARS 1971 THROUGH 1980
General
City
Fiscal
Levy
Year
Total
1971 $
1,134,670 $
1972
1,105,517
1973
1,120,000
1974
1,156,540
1975
1,331,715
1976
1,429,510
1977
1,441,044
1978
1,583,156
1979
1,631,608
1980
1,631,608
CITY TAX LEVY
YEARS 1971 THROUGH 1980
General
Police
Fire
Fund
Relief
Relief
972,960
$ 30,150
$ 24,000
846,967
50,000
30,000
874,115
67,000
36,085
899,045
67,000
42,700
1,101,925
65,850
46,000
896,270
66,000
47,000
1,069,044
66,300
47,000
1,188,556
78,500
47,000
1,261,108
78,500
47,000
1,151,808
104,000
85,800
Table III
(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.
CITY: OF COLUMBIA HEIGHTS, MINNESOTA
95
ANNUAL FINANCIAL REPORT
Bonds
Civil
and
Defense(B)
Interest
Other(A)
$ 11,000
$ 81,560
$ 15,000
11,000
152,550
15,000
10,600
117,200
15,000
17,000
115,795
15,000
4,000
113,940
20,240
300,000
100,000
35,700
223,000
8,600
260,500
245,000
290,000
(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.
CITY: OF COLUMBIA HEIGHTS, MINNESOTA
95
ANNUAL FINANCIAL REPORT
Year
Total Tax
Collected
Levy *
1974 $
874,954
1975
1,022,810
1976
1,139,240
1977
1,136,825
1978
1,220,013
1979
1,253,698
1980
1,150,273
TAX LEVIES AND TAX COLLECTIONS
Years 1974 Through 1980
Collections
of Current
Years Taxes
During Fiscal
Period
$ 863,795
995,242
1,117,070
1,123,704
1,186,640
1,236,676
1,122,161
Percentage
of Levy
Collected
During Fiscal
Period
98.7
97.3
98.0
98.8
97.3
98.6
97.6
Collection
of Prior
Year's Taxes
During Fiscal
Period
$ 10,136
16,563
18,377
22,470
16,687
20,648
21,268
Total
Collections
$ 873,931
1,011,805
1,135,447
1,146,174
1,203,327
1,257,324
1,143,429
* Tax levy has been adjusted by the 50% forgiveness (property tax replacement)
which is a revenue from other agencies and has been incorporated into Table VI.
SPECIAL ASSESSMENT COLLECTIONS
Years 1975 Through 1980
CITY OF COLUMBIA. NEIONTS, MINNESOTA 96
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%
1980
129,773
70,627
54.4%
Information
for a limited number of
years is presented as undo
effort would be
required to
reconstruct this information from the prior system
of record keeping.
CITY OF COLUMBIA. NEIONTS, MINNESOTA 96
ANNUAL FINANCIAL REPORT
Ratio
of Total
Collections
to Tax Levy
.9988:1
.9892:1
.9965:1
1.0082:1
9863:1
1.0029:1
.9940:1
Delinquent Specials
Collected During
Fiscal Period (A)
$ 71,642
67,434
65,345
46,218
43,693
41,215
Accumulated
Delinquent
Taxes
$ 56,751
66,224
70,606
59,211
64,287
31,977
18,864
Total Special
Assessments Delinquent
At End of Fiscal Period
$ 116,642
111,221
98,553
66,142
71,605
87,512
Table IV
Ratio
Accumulated
Delinquent
Taxes to
Current Year
Tax Levy
.0648:1
.0647:1.
.0619:1
.0520:1
.0527:1
.0255:1
.0163:1
Table V
Deferred Special Assessments
Collected
Balance Fund
Fiscal Period
of Fiscal Period
$ 75,305
$ 372,361
206,197
388,565
104,930
388,481
155,037
436,962
78,080
411,494
136,281
602,047
(A) The City bills the property owner directly when a special assessment installment
becomes due. If the installment becomes delinquent, it is certified to the county
for inclusion on the following years property tax statement and is shown as a
delinquent collection.
' CITY OF COLUMBIA HEIGHTS, MINNESOTA 97
ANNUAL FINANCIAL REPORT
Table VI
REVENUES - OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENTS
Years 1971 Through 1980
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1971 through 1980
Fiscal
General
Public
Charges For
Licenses
Government
(A)
Fiscal
Revenues From
Use of Money
Service and
and
Fines and
Profits of
Year
Other Agencies
and Property
Other Revenue
Permits
Forfeitures
Proprietaries
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
1980
2,272,119
474,873
419,930
68,710
72,274
106,845
(A)
The years 1971 -77 do not include depreciation for Sewer and Water
Funds.
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1971 through 1980
Fiscal
General
Public
Public
Year
Government
Safety
Works
1971
$ 203,817 $
490,800
$ 325,901
1972
226,527
605,120
357,901
1973
353,833
685,606
391,057
1974
311,850
698,704
432,422
1975
310,540
860,723
457,316
1976
374,191
875,714
511,377
1977
406,864
981,059
577,072
1978
424,527
1,070,279
606,541
1979
460,152
1,160,243
515,417
1980
516,593
1,315,826
566,643
CITY OF COLUMBIA NEIGNTS, MINNESOTA
98
Table VII
Parks and
Sanitation
Library
Recreation
$ 175,458
$ 78,807
$ 291,204
196,700
75,500
333,047
186,850
77,300
369,402
208,752
82,500
420,323
224,569
147,851
463,877
227,055
103,280
512,066
233,598
109,635
537,332
246,957
121,968
676,027
255,693
143,018
547,525
268,793
163,801
622,154
ANNUAL FINANCIAL REPORT
' Table VIII
' STATEMENT OF LEGAL DEBT MARGIN
December 31, 1980
Assessed Value $ 91,400,000
Debt Limit 6.67% of Assessed Value (Note A) $ 6,096,380
Amount of Debt Limit Applicable to Debt Limit:
Total bonded debt $ 9,220,000
Less Note B:
Tax increment $ 8,175,000
Special Assessment Bonds 55,000 8,230,000
Total Debt Applicable to Debt Limit 990,000
Legal Debt Margin $ 5,106,380.
Note (A):
M.S.A. Section 475.53 (Limit on Net Debt)
"Subdivision 1. Generally. Except as otherwise provided in sections 475.51 to 475.70,
no municipality, except a school district or a city of the first class, shall incur or
be subject to a net debt in excess of 6.67 percent of the assessed value."
Note (B):
M.S.A. Section 475.51 Definitions:
"Subdivision 4. "Net debt" means the amount remaining after deducting from its gross
debt the amount of current revenues which are applicable within the current fiscal
year to the payment of any debt and 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 benefited thereby,
including those which are general obligations of the municipal 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 waterworks
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) Debt service loans and capital loans made to a school district under the
provisions of sections 124.42 and 124.43.
(7) Amount of all money and the face value of all securities held as a debt
service fund for the extinguishment of obligations other than those deductible under
this subdivision.
(8) All other obligations which under the provisions of law authorizing their
issuance are not to be included in computing the net debt of the municipality.
* Includes valuation from "fiscal disparity" legislation; Minnesota laws 1971,
Extra Session, Chapter 24. See Table I.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 99 ANNUAL nNANCIAL REPORT
COMBINING#SCHEDULE OF BONDS PAYABLE
December 31,
1980
Interest
Final
Rates and
Issue
Maturity
Dates
Date
Date
SPECIAL ASSESSMENT BONDS:
Permanent Improvement Revolving Bonds of
1972
7 -1 -72
1 -1 -83
Non - Callable
4.20%
1/1 -7/1
4.30%
Total P.I.R. Bonds of 1972
GENERAL OBLIGATION BONDS:
Storm Sewer Bonds of 1965
10 -1 -65
1 -1 -85
All Callable after January 1, 1980 in
3.50%
1/1 -7/1
inverse order at par and accrued
3.60%
interest plus a premium of $50 per bond
3.60%
,
3.60%
Total Storm Sewer Bonds of 1965
City Garage Bonds of 1972
7 -1 -72
1 -1 -83
Non - Callable
4.20%
1/1 -7/1
4.30$
Total City Garage Bonds of 1972
10 -1 -83
'
Capital Improvement Bonds of 1976
4 -1 -76
Non - Callable
4'.30%
4/1 -10 /1
4.45%
4.60%
Total Capital Improvement Bonds of 1976
CITY OF COLUMBIA HEIGHTS, MINNESOTA 100 ANNUAL FINANCIAL REPORT
t
Table IX
Annual
Authorized
Serial
and
Payments
Issued
Matured
Outstanding
$ -
$
400,000
$
400,000
$
-
50,000(81)
50,000
50,000
5,000(82)
5,000
5,000
$
455,000
$
400,000
$
55,000
$ -
$
445,000
$
445,000
$
-
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
$
445,000
$
470,000
$ -
$
400,000
$
400,000
$
-
50,000
(81)
50,000
50,000
60,000
(82)
60,000
60,000
$
510,000
$
400,000
$
110,000
$ -
$
555,000
$
555,000
$
-
175,000
(81)
175,000
175,000
175,000
(82)
175,000
175,000
115,000
(83)
115,000
115,000
$
1,020,000
$
555,000
$
465,000
CITY9 OF COLUMBIA NEIGNTS, MINNESOTA 101 ANNUAL FINANCIAL REPORT
_
COMBINED SCHEDULE OF BONDS PAYABLE (Continued)
December 31, 1980
GENERAL OBLIGATION BONDS (Continued):
Tax Increment Bonds of 1980
Bonds maturing in 1991 and later
years will be subject to redemp-
tion and prepayment at the option
of the City in inverse order of
serial numbers on March 1, 1990.
Total Tax Increment Bonds of 1980
Total General Obligation Bonds
Total Bonds Payable - All Funds
Interest Final
Rates and Issue Maturity
Dates Date Date
8.00% 3/1 -9/1
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.10
8.25
8.40
8.50
8.60
8.75
8.75
9 -1 -80 3 -1 -02
CITY OF COLUMBIA MEI6NTS, MINNESOTA 102 ANNUAL FINANCIAL REPORT
Table IX
Annual
Authorized
Serial
and
Payments
Issued
Matured
Outstanding
(81)
(82)
10,000 (83)
10,000
10,000
10,000 (84)
10,000
10,000
(85)
140,000 (86)
140,000
140,000
190,000 (87)
190,000
190,000
250,000 (88)
250,000
250,000
300,000 (89)
300,000
300,000
350,000 (90)
350,000
350,000
425,000 (91)
425,000
425,000
475,000 (92)
475,000
475,000
525,000 (93)
525,000
525,000
550,000 (94)
550,000
550,000
650,000 (95)
650,000
650,000
700,000 (96)
700,000
700,000
700,000 (97)
700,000
700,000
700,000 (98)
700,000
700,000
700,000 (99)
700,000
700,000
700,000 (00)
700,000
700,000
700,000 (01)
700,000
700,000
100,000 (02)
100,000
100,000
$ 8,175,000
$ - $
8,175,000
$
9,220,000
$
9,275,000
CITY OF COLUMBIA
NEIGNTS, MINNESOTA
103
ANNUAL FINANCIAL REPORT
SCHEDULE OF INVESTMENTS
December 31, 1980
Repurchase Agreement
Certificate of Deposit -Home
Certificate of Deposit -N.E. State Bank
Cert_�_:;ate of Deposit -Home
Certificate of Deposit -Home
Certificate of Deposit -N.E. State Bank
Certificate of Deposit -Home
Certificate of Deposit -Home
U.S. Treasury Bills
Certificate of Deposit -Home
U.S. Treasury Bills
Federal Form Credit Bank
U.S. Treasury Bills
U.S. Treasury Bills
,me Loan Bank
U.S. Treasury Bills
U.S. Treasury Notes
U.S. Treasury Notes
Federal National Mortgage Assc.
U.S. Treasury Notes
U.S. Treasury Notes
City of Col. Hts. Storm Sewer Bonds 1965
U.S. Treasury Notes
U.S. Treasury Notes
Ginny Mae
Date
Yield Acquired
17.00 12 -31 -80
8.75 7 -02 -80
14.50 11 -14 -80
11.15 9 -15 -80
17.00 12 -02 -80
19.50 12 -15 -80
20.12 12 -15 -80
15.40 11 -20 -80
11.25 9 -16 -80
17.10 12 -04 -80
13.50 10 -30 -80
11.20 9 -02 -80
11.50 9 -16 -80
11.60 9 -16 -80
12.30 12 -04 -79
11.50 9 -17 -80
11.35 10 -10 -79
11.30 12 -04 -79
11.97 9 -16 -80
8.32 6 -12 -80
8.92 7 -03 -80
4.83 10 -01 -69
9.20 6 -30 -80
8.95 6 -12 -80
7.58 3 -23 -77
Maturity
Par
Date
Value
1 -02 -81 $
2,404,503
1 -02 -81
100,000
1 -13 -81
500,000
1 -15 -81
500,000
2 -02 -81
350,000
2 -13 -81
600,000
2 -15 -81
500,000
2 -20 -81
100,000
� -26 -81
500,000
3 -04 -81
100,000
4 -30 -81
150,000
6 -01 -81
100,000
7 -16 781
550,000
8 -13 -81
500,000
8 -25 -81
150,000
9 -10 -81
350,000
9 -30 -81
100,000
11 -30 -81
100,000
4 -12 -82
300,000
5 -31 -82
150,000
6 -30 -82
300,000
1 -01 -84
10,000
6 -30 -84
100,000
8 -15 -85
500,000
3 -01 -2006
192,100
$
9,206,603
CITY Of COLUMBIA HEIGHTS, MINNESOTA 104 ANNUAL FINANCIAL REPORT
Unamortized
Unamortized
Book
Discount
Premium
Value
$ -
$ -
$ 2,404,503
132,000
Debt Service Funds
100,000
Form D
11011,000
500,000
Form E
500,000
Special Assessment Funds
350,000
45,000
Enterprise Funds
600,000
Form G
449,450
500,000
Form K
100,000
4,763
495,237
100,000
6,267
143,733
43
100,043
31,798
518,202
27,770
472,230
685
150,685
25,947
324,053
1,345
98,655
648
100,648
6,896
306,896
2,019
152,019
1,274
298,726
2,550
7,450
932
98,068
12,001
512,001
192,100
$ 102,646
$ 22,292
S 9,126,249
CITY OF COLUMBIA NEIGNTS, MINNESOTA 105
Table X ,
Summary By Fund
General Fund -
Form B $
1,110,955
Special Revenue Funds
Form C
132,000
Debt Service Funds
Form D
11011,000
Capital Project Funds
Form E
6,371,844
Special Assessment Funds
Form F
45,000
Enterprise Funds
Form G
449,450
Central Garage Fund
Form K
6,000
$ 9,126,249
ANNUAL FINANCIAL REPORT
SCHEDULE OF CASH AND SECURITY FOR DEPOSIT
December 31, 1980
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 $ 1,500,000
Municipal Bonds 50,000
Total $ 100,000 $ 1,500,000
90% of security applicable to
pledge requirement 90,000 1,350,000
F.D.I.C. and S.L.I.C. 40,000 40,000
Total Security $ 130,000 $ 1,390,000
BANK BALANCE
General account
$
-
$
154,788
Payroll account
21,666
Daily interest savings accounts
Total Cash Applicable to Security
$
21,666
$
154,788
Bank balances -
General and payroll accounts
$
21,666
$
154,788
Add:
Deposits in transit - General
Payroll withhold taxes in escrow
26,990
Deduct:
Outstanding checks
47,978
166,865
Over deposits
678
Book Balance
$
-
$
49,790
$ 100,000
CITY Of COLUMBIA NEIGNTS, MINNESOTA 106 ANNUAL nNANCIAL KPORT
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
FIDELITY BANK_ TWIN CITY
Ij AND TRUST CO. FEDERAL
100,000 100,000
$ 100,000 $ 100,000
30,000
$ 30,000
$ 30,000
HOME FEDERAL
SAVINGS
100,000
S -
71,975
$ 71,975
$ 3U,uuu
>
Bank Balance by Funds
General Fund --
Form
B $
6,210
Special Revenue Funds --
Form
C
(3,816)
Debt Service Funds --
Form
D
8,943
Capital Projects Funds --
Form
E
157,948
Special Assessment Funds --
Form
F
(25,237)
Enterprise Funds --
Form
G
6,071
Central Garage Fund --
Form
K
1,646
$
151,765
CITY OF COLUMBIA NEIGNTS, MINNESOTA
107
�.
Table XI
TOTAL
$ 1,440,000
480,000
$ 1,920,000
$ 154,788
21,666
101,975
$ 278,429
$ 278,429
61,867
26,990
214,843 •
678.
$ 151,765
ANNUAL FINANCIAL REPORT
SCHEDULE OF INSURANCE IN FORCE
December 31, 1980
Policy Period Building
Type of Coverage. from to or Structure Contents
All Risk Coverage under the Public and
Institutional Property Policy 1 -1 -80 12 -31 -80
(90% Coinsurance -$500 Deductible)
Central Avenue Liquor Store $ 15,000
40th Avenue Liquor Store 45,000
University Avenue Liquor Store 55,000
$ 115,000
(90% Coinsurance -$500 Deductible)
City Hall
$ 1,259,289
$ 242,000
Library
469,275
202 3.10
City Garage
1,255,662
96,800
Liquor Store - Central
302,605
89,300
Liquor Store -40th Avenue
75,339
8,130
Liquor Store - University Avenue
116,416
12,310
Community Center
642,344
33,280
Parks (II)
798,065
2,180
Well House - LaBelle Park
11,432
Band Stand
29,314
Bath House - Silver Lake
38,803
Warming House - Silver Lake
8,800
Lift Stations (3)
57,656
Water .Tower
250,250
Pump Stations (2)
67,217
55,610
Warehouse- Cement
35,969
1,330
Warehouse -Metal
9,062
Water Meter Vault
7,950
3,630
Tema House
16,500
$ 5,451,948 $ 746,880
($100 Deductible)
Personal property consisting of road construction
equipment, maintenance equipment, and other
equipment stored in municipal buildings $ 991,887
($500 Deductible on Police and Fire only)
Personal property consisting of motor vehicles $ 919,839
CITY O' COLUMBIA NEIGNTS, MINNESOTA 108 ANNUAL FINANCIAL REPORT
Type of Coverage
Boiler explosion
Workman's Compensation
Comprehensive Auto Liability
Bodily Injury
Property Damage
Uninsured Motorists
Automotive Physical Damage
Comprehensive Bus Liability
Bodily Injury
Property Damage
Uninsured Motorists
Com^r-chensive General Liability
-odily Injury
Property Damage
statutory Liquor Legal Liability
Policy Period
from to
1 -1 -80 12 -31 -80
1 -1 -80 12 -31 -80
1 -1 -80 12 -31 -80
1 -1 -80 12 -31 -80
1 -1 -80 12 -31 -80
Table XII
$100,000 per accident (City
Hall, Field House, Municipal
Service Building).
Statutory
$300,000
$100,000
$ 50,000
$35/300,000/200,000 ($500
deductible on Police and
Fire vehicles)
$100/300,000
$ 50,000
$ 50,000
$300,000 ($250 Deductible)
$ 50,000
1 -1 -80 12 -31 -80 $300,000
* The comprehensive general liability - includes the following additional coverages:
(a) Personnel 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
ANNUAL FINANCIAL REPORT
109
Name
Mayor and Council:
Bruce G. Nawrocki
E. "Sebe" Heintz
Kenneth E. Hentges
Walter S. Logacz
Gayle R. Norberg
Administration:
Robert S. Bocwinski
Keith Masuda
John E. Schedler
Ronald Kalina
Fred Salsbury
George Brown
Mildred Carlson
Stuart Anderson
Donald Johnson
Max Thomas
Arden Hovland
Martin Gavic
Arden Hovland
Donald Weinand
Allen Carlson
Mitch DeMars
.Donald Jolly
Thomas Rejzer
Linda Hansen
Table XIII
PRINCIPLE CITY OFFICIALS
AND SURETY BONDS
Year Ended December 31, 1980
Official title
Mayor
Councilman
Councilman
Councilman
Councilman
City Manager
Administrative Assistant
City Clerk- Treasurer - Finance Director -
Liquor Operations Manager
City Attorney
Public Works Director
City Engineer
City Assessor
Chief of Police
Chief of Fire
Liquor Store Manager
Building Inspector
Plumbing Inspector
Heating Inspector
Electrical Inspector
City Planner
Street Superintendent
Water and Sewer Superintendent
Acting Park Superintendent
Recreation and Community Services Director
Amount of
Surety Bond
In addition to the positions listed above where bond amounts appear, the
City has a $25,000 Faithful Performance Blank Position Bond on all City
employees.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
110
$ 50,000
$ 50,000
ANNUAL FINANCIAL REPORT.
Table XIV
MISCELLANEOUS STATISTICAL FACTS
1980
Date of Incorporation March 14, 1898
Date of Adoption of City Charter July 21, 1921
Form of Government
Council- Manager
Fiscal Year Begins
January 1
Area of City
3.52 Square Miles
Miles of Streets and Alleys:
Trunk Highways
3.0
County
6.2
City Streets
57.8
Alleys
18.9
Miles of Sewers
32.7
Storm Sewers
59.8
Sanitary Sewers
65.6
Watermain Miles
Building Permits:
1971
613
1972
518
1973
529
1974
485
1975
608
1976
595
1977
658
1978
687
1979
663
1980
555
Estimated Cost:
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
1980
3,264,460
CITY OF COLUMBIA NEICNTS, MINNESOTA 111 AMNUAL FINANCIAL REPORT
MISCELLANEOUS STATISTICAL FACTS /Continued)
Fire Protection:
Table XIV
Number of Stations 1
Number of Employees:
Full time 8
Volunteer 18
Police Protection:
Number of Stations 1
Number of Employees 24
Parks:
City Parks
13
Playground
1
County Park
1
Schools:
83.8%
Senior High
1
Junior High
2
Elementary
5
Prochial Elementary
1
Employees: (as of December 31, 1980)
6,035
Regular
108
Part time
51
Temporary
3
162
Elections:
Registered voters - last general election
12,934
Number of votes cast last general election
10,827
Percentage of registered voters voting
83.8%
Population:
1900
123
1920
2,968
1930
5,613
1940
6,035
1950
8,175
1960
17,533
1965 (mid- decade census)
23,283
1970 (census)
23,997
1972
24,079
1973
24,079
1974
23,503
1975
23,316
1976
22,324
1977
21,890
1978
21,300
1979
21,270
1980 (census)
20,029
CITY OF COLUMBIA HEIGHTS, MINNESOTA 112 ANNUAL FINANCIAL REPORT