HomeMy WebLinkAbout1981 CAFRANNUAL FINANCIAL REPORT
COLUMBIA
590
OF THE
CITY OF
HEIGHTS, MINNESOTA
FORTIETH AVENUE
55421
N. E.
FOR THE YEAR ENDING
DECEMBER 31, 1981
FINANCE DEPARTMENT
WILLIAM ELRITE, ACTING FINANCE DIRECTOR
MEMBER OF MUNICIPAL FINANCE OFFICERS' ASSOCIATION
OF THE UNITED STATES AND CANADA
telephone: 788 -9221 (612)
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1g81
CITY COUNCIL
Bruce G. Nawrocki, Mayor
E. "Sebe" Heintz Councilmember
Kenneth E. Hentges Councilmember
Walter S. Logacz Councilmember
Gayle R. Norberg Councilmember
COUNCILMEMBERS ELECT
Arden Hovland
Rita M. Petkoff
CITY MANAGER
Robert S. Bocwinski
FINANCE DEPARTMENT
William Elrite Director
CITY OF COLUMBIA NEIGNTS, MINNESOTA
ANNUAL FINANCIAL REPORT
DEPARTMENTS DIVISIONS
e
x� �e Regular
�� Reserves
Regular
Volunteers POLICE
Reserves
Accounting
City Clerk
Elections
Utility Billing FIRE
Collections
Liquor
No. 2 Off Sale
No. 3 Off Sale
FINANCE
Inspections
Licenses b Permits ADMINISTRATI
Planning SERVICES
Assessing
Engineering
Streets
Water Maintenance
Sewer Maintenance
Parks - Admin. b
Maintenance
Central Garage
PUBLIC
WORKS
LIBRARY
GENERAL
GOVERNMENT
BUILDINGS
LEGAL
CiTY OF COLUMBIA NEIGNTS, MINNESOTA
CITY
MANAGER
ADMINISTRATIVE
ORGANIZATION
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
MAYOR
COUNCIL
MEMBERS
— 1 .
RECREATION b
COMMUNITY
SERVICES
COMMISSION '
RECREATION b
COMMUNITY
SERVICES
ELECTORS)
INDEPENDENT
SCHOOL DIS-
TRICT 113
COMMISSIONS AND BOARDS
Planning and Zoning
Recreation t Community
Services
Perk
Traffic
HRA
Library
Human Services
Police t Fire Civil
Service
Charter
Downtown Development
ANNUAL FINANCIAL R --.PORT
HE CITX OF��I1COLUMgIA HEIGHTS, MINNESOTA
NNU iEARAjNDrED ECEMBEER
ADp .51, 1981
TABLE OF CONTENTS
I. INTRODUCTORY SECTION
Reference
Page
Number
Administrative Organization
Finance Directors Letter of Transmittal
1 -7
Auditors Report
8
II. FINANCIAL SECTION
A. General Purpose Financial Statements
Combined Balance Sheet - All Fund Types and
Account Groups
Form A
9 -10
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - All
Governmental Fund Types
Form A -1
11 -12
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and
Actual - General and Special Revenue Fund
Types
Form A -2
13-14
Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings - All
Proprietary Fund Types
Form A -3
15-16
Combined Statement of Changes in Financial
Position - All Proprietary Fund Types
Form A -4
17 -18
Notes to Financial Statements
19 -29
B. Combinin_ and Individual Fund and
Account Group Statements and Schedules
General Fund
Form B
30 -38
Special Revenue Funds
Form C
39-47
JHE CIT�IOF COLD IA HEIGHTSa MINNESOTA
NN UALL NA�V C OAL KEP RT
EAR tNDED DECEMBER 1, 1931
Debt Service FU#hds
Capital Projects Funds
Special Assessment Funds
Enterprise Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenses,
and Changes in Retained Earnings
Combining Statement of Changes in Financial
Position
Municipal Liquor Fund
Water Utility Fund
Sewer Utility Fund
Internal Service Fund:
Central Garage Fund
Statement of General Fixed Assets
Statement of General Long -term Debt
III. STATISTICAL SECTION
Assessed Value and Market Value of all
Taxable Property
Tax Rates
City Tax Levy
Tax Levies and Tax Collections
Special Assessment Collections
Revenues - Other than Property Taxes
and Special Assessments
Expenditures for Selected Functions
Form D 48 -51
Form E 52-55
Form F 56-57
Form G 58-59
Form G -1 60 -61
Form G -2
62 -63'
Form H
64 -73
Form 1
74 -79
Form J
80 -86
Form K 87 -90
Form L 91
Form M 92 -94
Table I
95-96
Table II
97
Table 111
98
Table IV
99-100
Table V
99-100
Table VI 101
Table VII 101
JH OF COLDMIA HEiraws, MINNESOTA
NN'UCAL,� 1 I NA CIAL EP RT
EAR 'ED DECEMBER 31, 19$1
Statement of Legal Debt Margin
Table
VIII
102
Combining Schedule of Bonds Payable
Table
IX
103-106
Schedule of Investments
Table
X
107 -108
Schedule of Insurance in Force
Table
XI
i05 -110
Principal City Officials and Surety Bonds
Table
XII
111
Miscellaneous Statistical Facts
Table
XIII
112 -113
rN
Mr. Robert S. Bocwinski
City Manager
City of Columbia Heights
Dear Mr. Bocwinski:
June 30, 1982
The annual financial report of the City of Columbia Heights, Minnesota
for the year ended December 31, 1981 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 2 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 11 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 philosophy
Bruce G. Nawrocki, Mayor
Gayle R. Norberg, Councilmember Kenneth E. Hentges, Councilmember
Rita M. Petkoff, Councilmember Arden Hovland, Councilmember
EQUAL OPPORTUNITY EMPLOYER
that the exi.istence`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 'flekibi`lIity 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 untit -it has been determined that (1) adequate funds were app-
ropriated, (2) the expenditure 1s 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 1980.
CITY FINANCIAL ACTIVITY HIGHLIGHTS DURING 1981
* The payment of $1,009,650 in principal and interest of scheduled
bond maturities.
* Interest earnings were at a total of $370,501
* General Fund Revenues exceeded expenditures by $29,785
GENERAL FUND
On December 31, 1981 the fund balance of the General Fund totaled
$1,538,691 of which $258,620 is appropriated for the 1982 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.
CITY Of COLUMBIA MEIGNT51. ■INNESOTA. 2 MINUAL i1NANCIAL REPORT
Total of Appropriated and
General
Unappropriated Fund Balance
Fund Budget
Beginning of Year
Amount % of Bud et
1975
2,179,705
2,329,365
107,376 .9
292,898 12.6
1976
1977
2,549,629
591,399 23.2
863,828 29.6
1978
2,917,260
3,078,785
957,562 31.1
1979
1980
3,407,235
1,312,026 38.5
1981
3,978,165
1,508,906 37.9
1982
4,342,875
1,538,691 35.4
CITY Of COLUMBIA MEIGNT51. ■INNESOTA. 2 MINUAL i1NANCIAL REPORT
Estimated and actual revenues for the current year are presented in Form
B -2. Revenues received for general government operations totaled $3,918,702
In 1981, an increase of $408,620 or 11.6% over the previous year. The
following table presents an analysis of the major revenue sources of the
General Fund for 1981 and its change from 1980.
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 satus in complying with the law for 1981 and
1980.
Levy Limit Base
Less: State aids applicable to levy
limitations
Add: Base Adjustment
Levy Limit before special levies
Plus: Special levies allowed:
Debt Service
Other
Total allowable levy
Total levy certified
CITY V COLUNEIA NEICYTS, MINNESOTA
1981 1980
$ 2,520,390 $ 2,304,871
(1,338,072) (1,305,720)
27,400
1,182,318 1,02 ,551
275,000 290,000
946,409 438,140
$ 2,403,727 $ 1,7542691
$ 1,631,608 $ 1,631,608
MNU L FINANCIAL REPORT
1981
Percent Increase (Decrease)
Revenue Source
Amount
of Total
from 1980
General Property Taxes $ 906,074
23.1%
$ (37,898)
Licenses and Permits
104,027
2.7
35,317
Intergovernmental Revenue 1,944,501
49.6
116,461
Charges for Services
417,604
10.7
63,665
Fines and Forfeits
67,301
1.7
(4,973)
Miscellaneous Revenue
147,952
3.8
(8,041)
Expenditure Reimbursements 60,353
1.5
44,234
Transfers - In
270;890
6.9
199,855
Totals
$3,918,702
100.0%
$ 408,620
From the above table,
it is apparent
that the major
sources available
for funding the general operations is
the property
tax (23.1 %) and inter-
governmental revenue
(49.6 %), 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 satus in complying with the law for 1981 and
1980.
Levy Limit Base
Less: State aids applicable to levy
limitations
Add: Base Adjustment
Levy Limit before special levies
Plus: Special levies allowed:
Debt Service
Other
Total allowable levy
Total levy certified
CITY V COLUNEIA NEICYTS, MINNESOTA
1981 1980
$ 2,520,390 $ 2,304,871
(1,338,072) (1,305,720)
27,400
1,182,318 1,02 ,551
275,000 290,000
946,409 438,140
$ 2,403,727 $ 1,7542691
$ 1,631,608 $ 1,631,608
MNU L FINANCIAL REPORT
FISCAL DISPARITIES
In 1971 the legislature enacted a Fiscal Disparity Law which was not
implemented until taxes payable in 1975 due to a constitutional challenge.
The law provides for the pooling of 40% of all new commercial /industrial
property valuation or growth in the seven county area to be redistributed
to the taxing jurisdictions according to specified criteria.
Although it is difficult to determine the future impact of the law.on
the City, it appears that the City will gain in nominal amounts. The
impact on the taxable valuations of the City for taxes collectible in 1979
through 1981 was as follows:
City's taxable value:
Personal property
Real estate
Sub -Total
Areawide allocation:
Contribution to "pool"
Distribution from "pool"
Net Increase
Combined Value
1981 1980
$ 1,295,504
85,721,087
$ 87,016,591
$ (2,000,000)
4,383,409
$ 2,383,409
$ 1,218,792
73,741,181
$ 74,959,973
$ (1,840,970)
4
o62,894
$ 2,221,92
$ 89;400,000 $ 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
Actual taxes received from the fiscal disparities allocation amounted to
$118,108 in 1981, $85,771 in 1980, and $70,023 in 1979. 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 disparities, the revenue is part of the tax controlled
by the levy limit within which the City must still operate.
PROPERTY TAX AND SPECIAL ASSESSMENT COLLECTIONS
It is the City's policy to offset any property taxes not received with an
equal allowance for uncollectible amounts. Therefore, any delinquent
taxes, or unremitted current taxes are not recognized as revenue until
received in cash, and are used to finance the budget in the year in which
they are received.
SPECIAL REVENUE FUNDS
The municipal State -Aid Street Fund was established to receive gasoline
tax apportionments from the state which are used to construct state-aid
streets. In 1981 this fund was restated in accordance with N.C.G.A.
statement Number 2. Previously revenue was recorded at the time of
apportionment from the State of Minnesota. Under the restatement, revenue
is not recorded until it is earned. In 1981, revenue earned and interest
received totaled $374,091. The fund balance dedicated to construction of
state -aid streets, at December 31, 1981 is $264,415.
CITY CF COLUMBIA NVONTS, MINNESOTA 4
ANNUAL FINANCIAL KPORT
The Revenue Sharing Fund was established to account for the receipt and
expenditure of federal general revenue sharing funds. Revenue Sharing was
enacted in 1972, and covered the period from January 1, 1972 to December
31, 1976, Federal amendments to the law reauthorized appropriations through
September 30, 1983. The following table reflects the use of Revenue Sharing
through December 31, 1981: 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 1879572
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
1981
160,957
20,396 181,353 135,903
3,951 139,854
195,622
In 1982
it is estimated that the City will receive
$161,000 in revenue sharing
payments
and $8,500 interest earnings. The adopted 1982 budget includes
$3,000
for general
operations
and $177,335 for capital projects, leaving an estimated
fund balance
of $184,787 as of December 31, 1982.
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 1981
revenues of $209,039 exceeded expenditures
by $9,071 increasing
the
fund balance
to $20,917.
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, 1981, the general fixed assets of
the City thus far recorded amount to $8,235,979• 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
system, but depreciation of assets is
for rate setting purposes, etc.
accounting, in the City's accounting
recognized in the propietary funds
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 1982 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 4W 0OLUM6IA NEIGNTS. MINNESOTA
MNUAL FINANCIAL WORT
ENTERPRISE FUNDS
Liquor Operation
Total sales were $1,205,801, a decrease from 1980 of $96,055. Total Net
operating income was $20,841, a decrease of $39,365 from 1980. During 1981
the on sale store was sold for a gain of $576,975.
WATER UTILITY
The Water Utility Fund had a 1981 net operating income of $15,828 on a 15.4%
increase in revenues compared to a net loss of $13,172 in 1980.
The Water Fund transferred $10,000 to Debt Service Funds leaving a net income
of $5,828.
SEWER UTILITY
The Sewer Utility Fund with a 22.9% increase in revenues had a net income
of $135,307 in 1981 compared to a net income of $6,961 in 1980. The Sewer
Fund transferred $25,000 to Debt Service Funds in 1981 leaving a net
income of $110,307.
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 assessments levied
against the individual property owners which are usually paid in installments
over a period of years. During 1981, the City assessed $194,654 of benefits
to property owners.
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 an unreserved fund balance deficit of 59,283 as of December
31, 1.981. Depreciation, although not considered in the initial years, will
be a factor in future user rates.
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.
CITY OF COLUMBIA MEIGNTS, MINNESOTA
J
NINUAL FINANCIAL IMPORT
Interest rates were substantially higher in 1981 than in preceding years
and the average amount of idle funds increased only slightly in 1984.
Interest earnings for the past six years are as follows:
Year Earnings Yield
1974 $10— 1,498 -
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%
1981 324,608 12.30%
The 1981 earnings were distributed to the following funds:
General $ 68,622
Revenue Sharing 20,223
Municipal State-Aid Street 12,173
Capital Improvements 42,881
Debt Service 85,533
Liquor 72,323
Water 7,012
Sewer 14,283
Garage 1 558
$327+
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.
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 Barb Sandberg and Jackie Niccum for their assistance in pre-
paring this report.
Respectfully submitted,
LA)
William Elrite
Acting Finance Director
CITY Of COLUMBIA NEICNTB, MINNESOTA ANNUAL FINANCIAL KPORT
HE CITx OFj�VVCOL IA HEIGHTS, MINNESOTA
EARINDEDADECEMBERP31, 1931
GENERIL PURPOSE
FININCUL STITEMENTS
These General Purpose Financial Statements are part of the
Comprehensive Annual Financial Reprt, presenting only aggregate
data by fund type and account group, together with notes to the
financial statements and constitues "fair presentation in con-
formity with generally accepted accounting principles."
It is felt that these General Purpose Financial Statements will
be
a benefit to users requiring less detailed information about our
City's finances.
TABLE OF CONTENTS
Page
Auditors Report
8
Combined Balance Sheet - All Fund Types and
Account Groups Forrrr, A
9 -10
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - All
Governmental Fund Types Form A -1
11 -12
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and
Actual - General and Special Revenue Fund
Types Fgrm A-2
13 -14
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings - All Proprietary
Fund Types Form A -3
15 -16
Combined Statement of Changes in Financial Position
- All Proprietary Fund Types Form A -4
17 -18
Notes to Financial Statements
19 -29
GMHCo
The City Council of
Columbia Heights, Minnesota
GEORGE M. HANSEN COMPANY. P.A.
A Pf*&40W1 COM"don ojCm#kd Pubfir Aerormranu
ACCOUNTANTS' REPORT
We have examined the combined financial statements of the City of Columbia Heights,
Minnesota as of and for the year ended December 31, 1981, as listed in the table
of contents. Our examination was made in accordance with generally accepted auditing
standards and, accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances.
In our opinion, the combined financial statements referred to above present fairly
the financial position of the City of Columbia Heights, Minnesota at December 31,
1981 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, except for the changes to the prior period as described in Note 2,
on which we concur.
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 the table of contents are pre-
sented 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 procedures 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 listed in the table of
contents.
June 26, 1982
10
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m
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES - ALL GOVERNMENTAL FUND TYPES
Year Ended December 31, 1981
The notes to the financial statement are an
integral part of this statement
CITY OF COLUMBIA NEIGNTS, MINNESOTA �� ANNUAL FINANCIAL REPORT
Special
General
Revenue
REVENUES:
General property taxes
$ 906,074
$ -
Homestead credit
461,243
-
Special assessments
-
-
Licenses and permits
104,027
-
Fines and forfeitures
67,301
-
Interest and rents
120,641
32,396
Intergovernmental revenues
1,483,258
628,021
Charges for services
417,604
39,901.
Other revenue
87,664
173
Total Revenues
3,647,812
700,491
OTHER FINANCING SOURCES:
Bond proceeds
-
-
Transfers from other funds
270,890
93,933
Total Revenues and Other Sources
3,918,702
794,424
EXPENDITURES:
Current:
General government
538,618
33,898
Public safety
1,380,692
-
Public works
576,754
-
Sanitation
336,997
-
Library
188,440
-
Parks and recreation
652,611
198,392
Other
120,872
-
Capital outlay
-
481,183
Debt service:
Principal retirement
-
-
Interest and fiscal charges
-
-
Total Expenditures
3,794,984
713,473
OTHER USES:
Transfers to other funds:
93,933
-
Total Expenditures and Other Uses
31,19—,917
713777-3
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER USES
29,785
80,951
FUND BALANCE AT BEGINNING OF YEAR
1,508,906
148,877
FUND BALANCE AT END OF YEAR
$1,538,691
$ 229,828
The notes to the financial statement are an
integral part of this statement
CITY OF COLUMBIA NEIGNTS, MINNESOTA �� ANNUAL FINANCIAL REPORT
Debt
Service
$ 276,737
79,910
81,998
429,731
868,376
35,000
903,376
7
Capital
Projects
675,975
150,488
275
826,738
826,738
Form A -1
Total
Special (Memorandum Only)
Assessment 1981 1980
194,654
55,068
54,716
21.888
326,326
412,489
738,815
- - 55,000
5,511,132 1,012,569
320,000
689,650
1,009,650
1,009, 650
(106,274)
1,035,023
S
928,749
5,511,132
270,890
5,7 2,022
(4,955,284)
6,579,460
,$1,624,176
1,067,569
1,0 7,569
(328,754)
334,529
S 5,775
CITY OF COLUMBIA NEIGNTS, MINNESOTA
$ 1,182,811
541,153,>
194,654
104,027
67,301
966,078
2,316,483
457,505
'539,731
6,369,743
812,312
7,182,055
572,516
1,380,692
576,754
336,997
188,440
851,003
175,872
7,004,884
320,000
689,650
12,096,808
364,823
12,461 31
(5,279,576)
9,606,795
$ 4,327,219
$ 1,146,688
481,335
418,838
68,710
72,274
511,832
1,876,318
379,888
70,237
5,026,120
8,086,239
211,933
13,324,292
552,476
1,277,400
555,918
268,793
161,085
603,102
101,897
369,083
285,000
79,963
4,254,717
1,790,972
6-,07 55 689
7,278,603
2,751,696
$10?030,299
1 V ANNUAL FINANCIAL KPORT
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES - BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
Year Ended December 31, 1981
.OTHER FINANCING SOURCES:
Transfers from other funds
Total Revenues and Other
Sources
EXPENDITURES:
General government
Public safety
Public works
Sanitation
Library
Parks and recreation
Other
Capital outlay
Total Expenditures
270,890 270,89o, -
3,691,135 3,918,702 227,567
557,997
538,618
GENERAL FUND
1,391,031
1,380,692
10,339
591,308
576,754
Variance
340,446
Budget
Actual
Over (Under)
REVENUES:
5,173
656,490
652,611
General property taxes
$ 898,365
$ 906,074
$ 7,709
Homestead credit
461,243
461,243
-
Licenses and permits
76,045
104,027
27,982
Fines and forfeitures
41,200
67,301
26,101
Interest and rents
50,625
120,641
70,016
Intergovernmental revenue
1,480,977
1,483,258
2,281
Charges for services
399,590
4179604
18,014
Other revenue
12,200
87 664
75,464
Total Revenues
_
3,720,245
-
3,647,812
227,567
.OTHER FINANCING SOURCES:
Transfers from other funds
Total Revenues and Other
Sources
EXPENDITURES:
General government
Public safety
Public works
Sanitation
Library
Parks and recreation
Other
Capital outlay
Total Expenditures
270,890 270,89o, -
3,691,135 3,918,702 227,567
557,997
538,618
19,379
1,391,031
1,380,692
10,339
591,308
576,754
14,554
340,446
336,997
3,449
193,613
188,440
5,173
656,490
652,611
3,879
152,070
120,872
31,198
3,882,955 3,794,984 87,971
OTHER USES:
Transfers to other funds
Total Expenditures and
95,210
Other Uses 3,978,165
93 933
3, ,917
1,277
89,248
EXCESS OF REVENUES AND OTHER SOURCES
(UNDER) EXPENDITURES AND OTHER USES (287,030) 29,785
FUND BALANCE AT BEGINNING OF YEAR 1,508,906 1,508,906
FUND BALANCE AT END OF YEAR $1,221,876 $1,538,691
The notes to the financial statement are an
integral part of this statement
CITY OF COLUMBIA NEI6NTS, MINNESOTA 1�
316,815
$ 316,815
ANNUAL FINANCIAL KPORT
SPECIAL REVENUE FUNDS
Variance
Budget Actual Over (Under)
Form A -2
Total
(Memorandum Only)
Variance
Budget Actual Over (Under)
$ -
$ -
$ -
$ 898,365
$ 906,074
$ 7,709
-
-
-
461,243
461,243
-
-
-
-
76,045
104,027
27,982
-
-
-
41,200
67,301
26,101
5,000
32,396
27,396
55,625
153,037
97,412
443,504
628,021
184,517
1,924,481
2,111,279
186,798
40,035
39,901
(134)
439,625
457,505
17,880
-
173
173
12,200
87,837
75,637
488,539
700,491
211,952
3,908,784
4,348,303
439,519
97,210
93,933
(31277)
368,100
364,823
(3,277)
585,749
794,424
208,675
4,276,884
4,713,126
436,242
110,014
33,898
76,116
668,011
572,516
95,495
-
-
-
1,391,031
1,380,692
10,339
-
-
-
591,308
576,754
14,554
-
-
-
340,446
336,997
3,449
-
-
-
193,613
188,440
5,173
212;640
198,392
14,248
869,130
851,003
18,127
-
-
-
152,070
120,872
31,198
538,445
61 ,099
481,183
57,262
147,629
538,445
4,7+4,05
481,183
4,508,457
57,262
713,473
235,597
61
-' 14 7-,
95,210
39,2
93,933
-+,�2 390
1 277
236.874
713,473
,099
(275,350) 80,951 356,301
148,877 148,877 -
$ (126,473) $ 229,828 $ 356,301
CITY Of COLUMBIA NEIGNTS MINNESOTA
14
(562,380) 110,736 673,116
1,657,783 1,657,783 -
$1,095,403 $1,768,519 $ 673,116
ANNUAL FINANCIAL KPORT
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1981
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
Transfer from other funds
Transfers to other funds
RETAINED EARNINGS (DEFICIT)
AT BEGINNING OF YEAR
RETAINED EARNINGS (DEFICIT)
AT END OF YEAR
CITY OF COLUMBIA NEIGNTS, MINNESOTA
15
Enterprise
$ 2,647,507
852,135
•1,795,372
508,905
172,360
49,323
818,179
1,548,767
246,605
108,249
138,356
93,977
(1,851)
594,406
686,532
824,888
(61,000)
299,004
$ 1,062,892
ANNUAL FINANCIAL KPORT
Form A -3
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
J
16
ONNUAL FINANCIAL REPORT
Total
Internal
(Memorandum
Only)
Service
1981
1980
$ 127,393
$ 2,774,900 $
2,603,70
-
852,135
868,704
127,393
1,922,765
1,735,004
76,512
585,417
630,124
24,184
196,544
191,167
13,274
62,597
63,794
-
818,179
683,048
113,970
1,662,737
1,568,133
13,423
260,028
166,871
4,892
113,141
04,538
8,531
146,887
52,333
1,558
95,535
59,188
-
(1,851)
(8,418)
1,004
595,410
3,742
2,562
689,094
54,512
11,093
835,981
106,845
26,000
26,000
-
-
(61,000)
(45,000)
(20,376)
278,628
216,783
$ 16,717
$ 1,079,609 $
278,628
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
J
16
ONNUAL FINANCIAL REPORT
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1981
SOURCES OF WORKING CAPITAL:
Operations:
Net income (loss)
Items not requiring (providing) working capital
Depreciation
Gain on disposal fixed assets
Proceeds from sale of 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
Transfers from other funds
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
Accrued liabilities
Net Increase (Decrease) in Working Capital
CITY OF COLUMBIA MEICMTS, MINNESOTA
17
Enterprise
$ 789,888
108,249
(576,975)
651,611
972,773
10,165
1,502
984,440
21,621
14,300
10,165
26,000
72,086
912,354
(7,111)
999,000
39,620
(5,544)
(120,782)
(2,750)
7,604
2,317
$ 912,354
ANNUAL FINANCIAL REPORT
Form A -4
Total
Internal (Memorandum Only)
Service 1981 1980
$ 11,093 $ 800,981 $ 106,845
4,892 113,141 114,538
- (576,975) -
651 611 _ -
15,9 5 988,758 221,383
-
10,165
9,774
-
1,502
1,323
26,000
26,000
-
41,985
1,026,425
232,480
1,403
23,024
13,168
-
14,300
11,550
-
10,165
9,774
-
26,000
45,000
1,403
73,489
79,492
40,582
952,936
152,988
(141)
(7,252)
(16,250)
33,000
11032,000
88,000
150
39,770
64,324
5,292
(252)
34,191
2,281
(118,501)
(30,395)
-
(2,750)
50,900
-
7,604
(37,782)
4 0 2
2 317
$ 952,93
$ -1-52--9T8-
COLUMBIA E16NTS MINNESOTA ANNUAL FINANCIAL REPORT
CITY OF COLD N t 8
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31,
Note 1 - Summary of Significant Accounting Policies
The City operates under a Home Rule-Charter which prescribes the council -
manager form of government. The following services are provided: public
safety, highways and streets, sanitation, health and social services, culture -
recreation, public improvements, planning and zoning, and general administra-
tive services.
The accounting policies of the city conform to generally accepted accounting prin-
ciples as applicable to governments. The following is a summary of the more
significant policies:
A. Fund Accounting
The accounts of the City are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of self -
balancing accounts that comprise its assets, liabilities, fund equity,
revenues, and expenditures, or expenses, as appropriate. Government
resources are allocated to and accounted for in individual funds based
upon the purposes for which they are to be spent and the means by which
spending activities are controlled. The various funds are grouped, in
the financial statements in this report, into seven generic fund types
and two broad fund categories as follows:
GOVERNMENTAL FUNDS
General Fund - The General Fund is the primary operating fund of the City.
It is used to account for all financial resources except those required to
be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the
proceeds of specific revenue sources that are restricted to expenditures
for specified purposes.
Debt Service Funds - Debt Service Funds are used to account for the
accumulation of resources for, and the payment of, general long -term
debt principal, interest, and related costs.
Capital Project Funds - Capital Projects Funds are used to account for
financial resources to be used for the acquisition or construction of
major capital facilities.
Special Assessment Funds - Special Assessment Funds are used to account
for the financing of public improvements or services deemed to benefit
the properties against which special assessments are levied.
CITY OF COLUMBIA NEIGNTS, MINNESOTA
19
ANNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued)
A. Fund Accounting (Continued)
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to account for operations
(a) that are financed and operated in a manner similar to private
business enterprises - where the intent of the governing body is that
the costs (expenses, including depreciation) of providing goods or
services to the general public on a continuing basis be financed or
recovered primarily through user charges; or (b) where the governing
body has decided that periodic determination of revenues earned, ex-
penses incurred, and /or net income is appropriate for capital mainten-
ance, public policy, management control, accountability, or other
purposes.
Internal Service Funds - Internal Service Funds are used to account for
the financing of goods or services provided by one department or agency
to their departments or agencies of the City, or to other governments,
on a cost - reimbursement basis.
B. Measurement Focus
The accounting and reporting treatment applied to the fixed assets and
long -term liabilities associated with a fund are determined by its
measurement focus. All governmental funds are accounted for on a spend-
ing or "financial flow" measurement focus. This means that only current
assets and current liabilities are generally included on their balance
sheets. Their reported fund balance is considered a measure of "avail-
able spendable resources." Governmental fund operating statements
present increases and decreases in net current assets. Accordingly,
they are said to present a summary of sources and uses of "available
spendable resources" during a period.
Fixed assets used in governmental fund types operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group,
rather than in governmental funds. Public domain general fixed assets
consisting of certain improvements other than buildings, including
roads, bridges, curbs and gutters, streets and sidewalks, drainage
systems, and lighting systems, are not capitalized along with other
general fixed assets, No depreciation has been provided on general
fixed assets.
All fixed assets are valued at historical cost or estimated historical
cost if actual historical cost is not available. Donated fixed assets
are valued at their estimated fair value on the date donated.
Long -term liabilities expected to be financed from governmental funds are
accounted for in the General Long -Term Debt Account Group, not in the
governmental funds. The single exception to this general rule is for
special assessment bonds, which are accounted for in Special Assessment
Funds.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 20 RNNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued)
B. Measurement Focus (Continued)
The two account groups are not "funds." They are concerned only with
the measurement of financial position. They are not involved with
measurement of results of operations.
All proprietary funds are accounted for on a cost of services or "capital
maintanance" measurement focus. This means that all assets and all
liabilities associated with their activity are included on their balance
sheets. Their reported fund equity is segregated into contributed
capital and retained earnings components. Proprietary fund type operat-
ing statements present increases (revenues) and decreases (expenses) in
net total assets,
Depreciation of all exhaustible fixed assets used by proprietary funds is
charged as an expense against their operations. Accumulated depreciation
is reported on proprietary fund balance sheets. Depreciation has been
provided over the estimated useful lives using the straight line method.
The estimated useful lives are as follows:
Buildings
40 -50
years
Mains and lines
50 -100
years
Structures
5 -20
years
Equipment
5 -20
years
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses
are recognized in the accounts and reported in the financial statements.
Basis of accounting relates to the timing of the measurements made,
regardless of the measurement focus applied.
All governmental funds are accounted for using the modified accrual basis
of accounting. Their revenues are recognized when they become measurable
and available as net current assets.
Expenditures are generally recognized under the modified accrual basis
of accounting when the related fund liability is incurred. Exceptions
to this general rule include: (1) accmulated unpaid vacation, sick
pay, and other employee amounts which are not accrued; and.(2) principal
and interest on general long -term debt which is recognized when due.
All proprietary funds are accounted for using the accrual basis of account-
ing. Their revenues are recognized when they are earned, and their expenses
are recognized when they are incurred. Unbilled utility service receivables
are recorded at year end.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 21 RNNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 19 1
Note 1 - Summary of Significant Accounting Policies (Continued)
D. Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data
reflected in the financial statements:
I. Prior to January 1, the budget is adopted by the City Council,
2. Formal budgetary integration is employed as a management control
device during the year for the General Fund and Special Revenue
Funds. Formal budgetary integration is not employed for other funds.
3. Budgets for the General and Special Revenue are adopted on a basis
consistent with generally accepted accounting principles (GAAP).
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 the 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.
E. Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other
commitments for the expenditure of monies.are recorded in order to reserve
that poriton of the applicable appropriation, is employed as an extension
of formal budgetary integration in the General Fund, Special Revenue Funds,
Capital Projects Funds, and Special Assessment Funds., Encumbrances out-
standing at year end are reported as reservations of fund balances since
they do not constitue expenditures or liabilities.
F. Investments
Investments are stated at cost or amortized cost, which approximates
market.
G. Advance to Other Funds
Noncurrent portions of long -term interfund loans receivable are equally
offset by a fund balance reserve account which indicates that they do not
constitute "available spendable resources" since they are not a component
of net current assets. Current portions of long -term interfund loans
receivable are considered "available spendable resources."
CITY OF COLUMBIA NEIGNTS, MINNESOTA 1
22
ANNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 1 - Summary of Significant Accounting Policies (Continued)
H. Accumulated Unpaid Vacation, Sick Pay, and Other Employee Benefit Amounts
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, 1981 was approximately $100,750.
City employees are entitled to sick leave at the rate of eight (a) 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 $380,500 which would be payable in the event sick-
ness 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 1981 rate of pay and are not recorded
as liabilities in the individual fund balance sheets.
I. Comparative Data
Comparative data for the prior year have been presented to provide an under-
standing of changes in the City's financial position and operation. Certain
1980 amounts have been reclassified to conform to the 1981 presentation.
J. Total Columns on Combined Statements - Overview
1.
Total columns on the Combined Statements - Overview are captioned Memo-
randum Only to indicate that they are presented only to facilitate finan-
cial analysis. Data in these columns do not present financial position,
results of operations, 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
aggregation of this data.
K. Property Taxes
Allowances are provided for the full amount of delinquent taxes receivable.
This has the effect of recognizing property tax revenues at the time
property taxes are collected.
L. Inventories
Inventories of the proprietary funds are stated at the lower of FIFO cost
(first-in, first -out) or replacement market.
CITY OF COLUMBIA NEIGNTS, MINNESOTA 23 ANNUAL FINANCIAL WORT
CITY OF COLUMBIA HEIGHTS MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
. DECEMBER 31, 1981
Note 2 - Prior Period Adjustment
The fund balance at December 31., 1980 for the special revenue funds (Municipal
State Aid Fund) has been restated to reflect a change in accounting policy.
Prior to 1981 the city recorded revenue from the State of Minnesota at the time
of the State allotment, irregardless as to when the allotment was earned.
Effective January 1,1981 the city is recording the revenue when earned:
accordingly the following adjustment was made to the December 31, 1980 fund
balance:
Fund balance, before adjustment $ 406,406
Adjustment to remove unearned receivable (423,504)
Fund balance (deficit), restated (171098)
Note 2 - Proprietary Funds Contract Receivable and Deferred Receivable
A. Interceptor Acquisition Contract Receivable
As of January 1, 1971, the Metropolitan Waste Control Commission (MWCC)
assumed ownership of all existing interceptors and treatment works Under
the terms of the agreement with the MWCC, the City is to'be reimbursed for
the value at the time of transfer of such facilities.
The contract 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 49.
Prior to 1981 the City received credits against MWCC billings totaling
$222,720, of which $97,850 was treated as a reduction of principal. During
1981 the City received a credit of $22,272, of which $10,165 was a re-
duction of principal. As of December 31, 1981, a balance of $292,518
remained to be collected over the next.nineteen years.
B. Deferred Receivable
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, 1981 was $31,128 and is collectible over the
next nine years. During 1981, the City received $2,390 related to this
receivable, of which $1,502 represented a reduction of principal.
CITY OF COLUMBIA NEIGHTS, MINNESOTA 24
ANNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 3 - Changes in General Fixed Assets
Changes in the General Fixed Assets Group of Accounts during 1981 were as follows:
Adjustments
Balance and Balance
Jan 1, 1981 Additions Retirements Dec. 31, 1981
Land
$ 4,765,293
$ 653,716 $
1,624,039
$ 3,794,970
Buildings and structures
2,863,730
8,899
-
2,872,629
Furniture, Fixtures and
$ 7,125
$ 45,223
$
office equipment
624,807
5,640
5,630
624,817
Machinery and equipment
903,578
47,917
7,932
943,563
Total
$ 9,157,408
$ 716,172 $
1L637,601
$ 8,235,979
Note 4 - Proprietary Fund TyRes
Property
and Equipment
A summary of the enterprise funds property and equipment at December 31, 1981
follows:
3.50-4.60%
Water
Sewer
8,175
Land
Liquor
utility
Utilit
Total
$ 7,125
$ 45,223
$
$ X8,934
Buildings
70,260
210,987
24,308
305,555
Improvements other than
buildings
19,665
2,162,205
2,318,139
4,500,009
Office furniture and equipment
22,841
22,841
Machinery and equipment
10,029
109,311
177,818
297,158
$ 29,920
$2,527,726
$2,556,851
$5,214,497
Less accumulated depreciation
60,471
$C9, 799
974,351
$1,553,375
1,070,907
2 105 729
_$1,485,944
$3,108,768
A summary of the internal service funds property and equipment at December 31,
1981 follows:
Central
Ga�ra e�
Office furniture and equipment $ 741
Machinery and equipment 65,315
$ 66,056
Less accumulated depreciation 44,660
$ 21,396
Note 5 - Long -Term Debt
The long term debt obligations outstanding at year -end are summarized as follows
(in thousands of dollars):
Bonds Maturities
General bonds 1982-1984
Tax Increment bonds 1983 -2002
Special Assessment bonds 1982 -1982
CITY OF COLUMBIA NEIGNTS, MINNESOTA 25
Interest December 31,
Rates
1981
3.50-4.60%
725
8.00 -8.75%
8,175
4.20 -4.30%
5
_T_905
MNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 5 - Long Term Debt (Continued)
Changes in bonds payable during 1981 are summarized as follows ( in thousands
of dollars) :
Annual Requirements to Amortize Long -Term Debt
Including Interest of $9,407,798
December 31, 1981
(in thousands of dollars)
Year ending
Balance
Tax Special
Balance
December 31
Jan 1, 1980 Issued
Retired
December 31, 1980
General bonds
1,747
320
725
Tax increment bonds
8,175
683
8,175
Special assessment
55
50
5
Total
9,275 -
370
671
Annual Requirements to Amortize Long -Term Debt
Including Interest of $9,407,798
December 31, 1981
(in thousands of dollars)
Year ending
General
Tax Special
December 31
obligation
Increment assessment
Total
1992
369
X73 �— 5
1 ,0 7
1983
260
683
943
1984
145
682
827
1985
671
671
1986
806
806
1987 -91
4,559
4,559
1992 -96
5,061
5,061
1997 -01
4,295
4,295
2002
104
104
77
5
18,313
$928,749 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.
Note 6 - Retirement Plans
The Columbia Heights Police Relief Association provides a pension plan for all
sworn police officers hired prior to June 15, 1972• The Columbia Heights Fire
Department Relief Association provides a pension plan for all regular fire fighters
hired prior to December 31, 1974 and all volunteer firefighters. All public
safety employees hired after aforementioned dates, under Minn. Stat. Chapter 374.
are covered by Public Employees, Police and Fire Fund (a special fund of the
Public Employees Retirement Association (PERA). By agreement the Fire Relief
Association was split into two divisions - paid and volunteers as of January 1,
1978•
CITY OF COLUMBIA NEIGNTS, MINNESOTA 26
ANNUAL FINANCIAL KPORT
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 19 1
Note 6 - Retirement Plans (Continued)
The City levies annually and applies state aid for pension contributions to
the associations. In 1981 the amounts were:
Levy State -Aid Total
Police Relief (7) $ 82,135 $ 1+x,+40 $ 123,575
Fire Relief - Paid (5) 52,134 30,172 82,306
Fire Relief - Volunteer (18) 7 004 - 7,004
$ 11,273 71, 12 em212 5
The pension levy meets the minimum requirements o ePolice and Rremen 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 amort-
ization of the unfunded liability.
The following schedule of accrued liabilities was obtained from the latest
acturial surveys dated December 31, 1980:
The City participates in a contributory pension plan under the Public Employees
Retirement Association (PERA), Minn. Stat. Chapter 353, which covers substan-
tially all employees except those qualifying as temporary or seasonal employees
or those public safety police and fire personnel covered by the relief assoc-
iations. 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 $155,781 for the year ended December 31, 1981. 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 determinable.
The City's contribution to the Federal Insurance Corporation of America (Social
Security) for those individuals belonging to the coordinated plan is equal to
6.7 % of the first $32,400 in 1981 or total of $ 69,759.
CITY OF COLUMBIA NEIGNTS, MINNESOTA �7 ANNUAL FINANCIAL REPORT
Funded
(Unfunded)
Funded
Accrued
Accrued
Reserves
Police Relief $1, nT3UZ7
Fire Relief -Paid 591,009
Liab�ility
$2,743-,918
1,695,319
Liability
$ 1,735, 1
1,104,310
Fire Relief - Volunteer 430,542
276,840
153,702
The City participates in a contributory pension plan under the Public Employees
Retirement Association (PERA), Minn. Stat. Chapter 353, which covers substan-
tially all employees except those qualifying as temporary or seasonal employees
or those public safety police and fire personnel covered by the relief assoc-
iations. 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 $155,781 for the year ended December 31, 1981. 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 determinable.
The City's contribution to the Federal Insurance Corporation of America (Social
Security) for those individuals belonging to the coordinated plan is equal to
6.7 % of the first $32,400 in 1981 or total of $ 69,759.
CITY OF COLUMBIA NEIGNTS, MINNESOTA �7 ANNUAL FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 7 - Interfund Receivable and Payable Balances
General Fund
Special revenue funds
Municipal State Aid Fund
Debt service funds
Storm Sewer Bonds of 1965
Special assessment funds
Permanent Improvement Revolving Fund
Enterprise funds
Water Utility Fund
Receivable Payable
595,000 $
30,454
29,700
30,454 595,000
29,700
$ 655,154 $655,154
Note 8 - Segment Information - Enterprise Funds
The City maintains three enterprise funds. Segment information for the year
ended December 31, 1981 is as follows:
Sales, less cost of sales
of $852,135
Operating revenue
Depreciation
Operating income
Operating transfers out
Gain on disposal of assets
Net income
Current capital transfers out
Property and equipment
Additions
Deletions
Net working capital
Total assets
Long term liabilities payable
from operating revenues
Total equity (deficit)
Contributed
Retained earnings
CITY Of COLUMBIA BEIGNTS, MINNESOTA
15,400 15,400
1,867,534 1,891,128 3,758,662
1,283,614 '(9o,463) (130,259) 1,062,892
M
ANNUAL FINANCIAL KPORT
Water
Sewer
Liquor
utility
utility
Total
$ 353,666
$
$
$ 353,666
708,400
733,306
1,441,706
7,714
43,470
57,065
108,249
20,841
10,040
107,475
138,356
10,000
25,000
35,000
576,975
576,975
673,753
15,828
135,307
824,888
23,000
38,000
61,000
3,665
3,302
14,654
21,621
202,924
202,924
1,214,165
- 239,,096
243;797-
1,697,,058
1,330,347
1,847,250
2,175,429
5,353,026
15,400 15,400
1,867,534 1,891,128 3,758,662
1,283,614 '(9o,463) (130,259) 1,062,892
M
ANNUAL FINANCIAL KPORT
CITY OF COLUMBIA HEIGHTS MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1981
Note 9 - Reserved Fund Equity
The following reservations of fund equity have been made as of December 31, 1981:
General Fund
Loan to Permanent Improvement Revolving Fund $ 595,000
Capital projects funds - Sullivan Lake .Fund
Improvement costs 31,644
Debt service funds
Debt service 928,749
Special assessment funds
Improvements costs 44,874
Internal service funds - Central Garage
Improvement costs 26,000
$ 1,626,267
Note 10 - Contingent Liability
The City participates in a number of federally assisted grant programs, principal
of which are the General Revenue Sharing, Community Development Block Grant,
and Comprehensive Employment Training Act. These programs are ;subject to
program compliance audits by the grantors or their representatives. The audits
of these programs for or including the year ended December 31, 1981 have not
yet been conducted. Accordingly, the City's compliance with the applicable
grant requirements will be established at some future date. The amount, if any,
of expenditures which may be disallowed by the granting agencies cannot be det-
ermined at this time although the City expects such amounts, if any, to be
immaterial.
Note 11 — 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 NEIGNTS, MINNESOTA �9
ANNUAL FINANCIAL REPORT
HE CITX OF COLUM IA HEIGHTS] MINNESOTA
NNUA TINAECIAL KEPORT
EAR LNDED ECEMBER 311 190011
GENERIL FUND
The Home Rule Charter of the City of Columbia Heights provides
in Section 69 Subdivision (c): "A General Fund for the support
of such other funds and for the payment of such expenses of the
city as the council may deem proper. Into this fund shall be
paid all moneys not herein provided to paid (sic) into any other
fund."
TABLE OF CONTENTS
Page
Balance Sheet Form B 30
Statement of Revenues, Expenditures and
Changes in Fund Balance Form B -1 31 -32
Schedule of Revenues - Budget and Actual Form B -2, 33 -34
Schedule of Expenditures - Budget
and Actual Form B -3 35 -38
Form B
GENERAL FUND
COMPARATIVE BALANCE SHEET
December 31, 1981 and 1980
LIABILITIES, AND FUND BALANCE
Liabilities:
Accounts payable $ 32,979 $ 29,657
Accrued salaries and witholdings 46,264 68,478
Deposits 5,083 583
Due to other governmental units - 1,814
Deferred revenue - 5,896
Total Liabilities $ 84,326 $ 106,428
Fund Balance:
Reserved for loan to Permanent Improvement
Revolving fund $ 595,000 $ 330,000
Unreserved
Designated for subsequent year's expenditures 258,620 287,030
Undesignated 685,071 891,876
Total
1981
1980
ASSETS
$1,538,691
$1,508,906
Cash:
Total
Liabilities,
Treasurer's balance
$ 921
$ 6,210
Imprest cash and change funds
1,075
1,075
Total Cash
$ 1,99
7,285
Investments, at cost
349,000
11,110,955
Taxes receivable -- delinquent
29,510
35,134
Less: Allowance for uncollectible taxes
(29,510)
(35,134)
Accounts receivable:
Unbilled services
63,057
54,570
Accrued interest receivable
45,893
67,495
Other
15,104
18,547
Due from other funds
595,000
347,100
Due from other governmental units
552,967
9,382
Total Assets
$1,623,017
$1,615,334
LIABILITIES, AND FUND BALANCE
Liabilities:
Accounts payable $ 32,979 $ 29,657
Accrued salaries and witholdings 46,264 68,478
Deposits 5,083 583
Due to other governmental units - 1,814
Deferred revenue - 5,896
Total Liabilities $ 84,326 $ 106,428
Fund Balance:
Reserved for loan to Permanent Improvement
Revolving fund $ 595,000 $ 330,000
Unreserved
Designated for subsequent year's expenditures 258,620 287,030
Undesignated 685,071 891,876
Total
Fund Balance
-- Form
B -1
$1,538,691
$1,508,906
Total
Liabilities,
and Fund
Balance
$1,623,017
$1,615,334
CITY OF COLUMBIA NEIGRTS, MINNESOTA
L
30
ONNUAL FINANCIAL REPORT
Form B -1
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative
Actual Amounts
for Year Ended
December 31,
1980
1981
1980
Variance
Favorable
Budget
Actual
(Unfavorable)
Actual
Revenues:
Taxes
$ 898,365
$ 906,074 $
7,709
$
943,972
Licenses and permits
76,045
104,027
27,982
68,710
Fines and forefeitures
41,200
67,301
26,101
72,274
Intergovernmental revenues
1,942,220
1,944,501
2,281
1,828,040
Charges for current services
399,590
417,604
18,014
353,939
Miscellaneous
62,825
208,305
145,480
172,112
Total Revenues
S3,420,245
$3,647,812 $
227,567
$
3,439,047
Other Financing Sources:
Transfers from other funds
270,890
270,890
-
71,035
Total Revenues and Other
Sources
$3,691,135
$3,918,702 $
227,567
$
3,510,082
Expenditures:
General government
$ 557,997
$ 538,618 $
19,379
$
488,715
Public safety
1,391,031
1,380,692
10,339
1,277,400
Public works
591,308
576,754
14,554
555,918
Sanitation
340,446
336,997
3,449
268,793
Library
193,613
188,440
5,173
161,085
Parks
656,490
652,611
3,879
424,375
Other
152,070
120,872
31,198
42,227
Total Expenditures
$3,882,955
$3,794,984 $
87,971
$
3,218,513
Other Financing Uses:
Transfers to other funds 95,210 93,933 1,277
Total Expenditures and
Other Uses $3,978,165 $3,888,917 $ 89,248
Excess of revenues and
other sources over
(under) expenditures
and other uses
Fund balance at beginning of
year
Fund balance at end of year
$ (287,030) $ 29,785 $ 316,815
1,508,906 1,508,906 -
$1,221,876 $1,538L691 $ 316,815
.CITY OF COLUMBIA NEIGNTS, MINNESOTA
31
94,689
$ 3,313,202
$ 196,880
1,312,026
$ 1,508,906
ANNUAL FINANCIAL REPORT
Form B -2
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL (CONTINUED)
Year Ended December 31, 1981
CITY OF COLUMBIA NEIGNTS MINNESOTA 32 #NNUAL FINANCIAL REPORT
Variance
Budget
Actual
Favorable
Revenue
Revenue
(Unfavorable)
Other revenue:
Sale of land
$ -
$
5,386
$
5,386
Gain sale equipment
500
3,547
3,047
Miscellaneous
4,200
18,378
14,178
Total
$ 4,700
$
27,311
$
22,611
Charges for current services:
General government
$ 2,700
$
2,005
$
(695)
Public safety
26,240
26,317
77
Public works
4,400
4,378
(22)
Library
2,350
3,853
1,503
Parks
24,700
31,915
7,215
Refuse collection
339,200
348,054
8,854
Other
-
1,082
1,082
Total
$ 399,590
$
417,604
$
18,014
Refunds and reimbursements:
Construction labor
reimbursement
$ 5,000
$
15,001
$
10,001
Equipment rental
reimbursement
2,500
9,372
6,872
Other reimbursements
-
35,980
35,980
Total
$ 7,500
$
60,353
$
52,853
Total Revenue
$3,420 ;245
$3;647,812
$
227,567
Other Sources:
Transfers from other funds
Sullivan Lake Fund
$ 270,890
$
270,890
$
-
Grand Total
$3,69x,135
$3,918,702
$
227,567
CITY OF COLUMBIA NEIGNTS MINNESOTA 32 #NNUAL FINANCIAL REPORT
GENERAL FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
Year Ended December 31, 1981
Budget Actual
Revenue Revenue
General property taxes:
Fund B -2
Variance
Favorable
(Unfavorable)
Current ad valorem
$
895,365
$
873,151
$
(22,214)
Delinquent ad valorem
Shared state taxes:
-
27:838
Local government aid
27,838
Penalties and interest
-
3,000.
461,243
5,085
-
2,085
Total
$
898,365
$
906,074
$
7,709
Licenses and permits:
6,500
5,742
(758)
State grant -- shade tree aid
10,000
14,105
Business regulatory licenses
$
22,845
$
42,333
$
19,488
Non - business licenses and permits
53,200
6,020
61,694
(6,020)
8,494
Total
$
76,045
$
104,027
$
27,982
Fines and forfeitures:
$1,942,220
$1,944,501
2,281
Court fines
$
40,000
$
65,677
$
25,677
Other
1,200
1,624
424
Total
$
41,200
$
67,301
$
26,101
Revenue from use of money and property:
Interest earnings --
Investment Trust Fund $ 30,000 $ \-99,861 $ 69,861
Rents 20,625 20,780 155
Total
$ 50,625
$ 120,641 $
70,016
Revenue from other agencies:
Shared state taxes:
Local government aid
$1,338,072
$1,338,072 $
-
Property tax relief (Homestead)
461,243
461,243
-
Insurance premium tax
68,265
71,613
3,348
Municipal state aid - maintenance
15,000
15,375
375
Attached machinery aid
6,500
5,742
(758)
State grant -- shade tree aid
10,000
14,105
4,105
Other
33,120
33,094
(26)
Anoka county:
Street maintenance
6,020
-
(6,020)
Federal aid:
Civil defense reimbursement
4,000
5,257
1,257
Total
$1,942,220
$1,944,501
2,281
CITY OF COLUMBIA HEIGHTS, MINNESOTA V MNUAL FINANCIAL REPORT
33 -
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
Year Ended December 31, 1981
GENERAL GOVERNMENT:
Mayor and Council:
Personal services
Other services and charges
Supplies
Total
City Manager:
Personal services
Other services and charges
Supplies
Total
Finance - Clerk:
Personal services
Other services and charges
Supplies
Total
Elections:
Personal services
Other services
Supplies
Total
Assessing:
Personal services
Other services and charges
Supplies
Total
Legal:
Other Services and charges
CITY OF COLUMBIA NEIGNTS, MINNESOTA
Form B -3
1981
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
$ 47,685
56,840
1,250
105,775
$ 73,605
14,875
500
88,986
$ 71,580
35,487
2,225
$ 109,292
$ 8,330
2,775
1,600
12,705
$ 65,820
1,975
600
68,395
$ 62,750
i
J
34
$ 47,128
55,182
784
103,09
$ 72,939
13,700
93
$
$ 70,586
32,302
2,145
$ 105,0331
$ 8,225
2,452
1 2560
12,237
$ 65,475
1,571
134
$ 67 ,180 i
$ 57,961
$ 557
1,658
466
2,69-1
$ 666
1,175
407
$ 2,248
$ 994
3,185
8o
$ 4,259
$ 105
323
$ 4o
$ 345
4o4
466
$ 1,215
$ 4,789
#NNUAL FINANCIAL KPORT
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1981
GENERAL GOVERNMENT (continued):
Planning:
Personal services
Other services and charges
Supplies
Total
General Government Buildings:
Personal services
Other services and charges
Supplies
Total
Total General Government
PUBLIC SAFETY:
Police Protection:
Personal services
Other services and charges
Supplies
Total
Fire Protection:
Personal services
Other services and charges
Supplies
Total
Protective Inspection:
Personal services
Other services and charges
Supplies
Total
Civil Defense:
Personal services
Other services and charges
Supplies
Total
Animal Control:
Other services and charges
Total Public Safety
CITY OF COLUMBIA NEIGNTS, MINNESOTA
r-
Form B-3
1981
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
$ 33,180
2,005
665
35,856
$ 10,320
55,630
8,300
$ 7 ,250
$ 557,997
$ 789,725
42,425
35,541
867,691
$ 356,015
35,285
16,220
07,520
$ 63,615
18,890
1,730
$ $-235-
$ 15,785
8,050
750
$ 24,585
$ 7,000
$1,391,031
I/
35
$ 32,987 $ 193
1,986 19
630 35
35 , 03 247
$ 10,874 $ (554)
49,884 5,746
10,020 (t 720)
$ 70,778 3,472
$ 538,618 $ 19,379
$ 789,628 $ 97
41,968 457
33,099 2,442
$ F41695 $ 2,996
$ 366,682 $ (10,677)
26,913 8,372
13,188 3,032
$+06,793 $ 727
$ 68,015 $ (4,400)
12,134 6,756
1,247 483
$ 1,39 $ 2, 39
$ 15,475 $ 310
6,174 1,876
523 227
22,172 2, 13
$ 5,636 $ 1,364
$1,380,692 $ 10,339
ANNUAL FINANCIAL REPORT
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1981
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 NEIGNTS, MINNESOTA
Form B -3
1981
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
$ 131,306 $ 133,652 $ (2,346)
13,505 7,884 5,621
5,155 4,402 753
$ 19,966 145,938 ,02
$ 160,658 $ 156,797 $ 3,861
63,130 60,605 2,525
45,900 45,310 590
269,688 262,712 $ 97�
$ 500 $ 477 $ 23
57,244 56,669 575
57,744. $ 57,1 $ 598
$ 11,500 $ 16;385 $ (4,885)
10,540 10,992 (452)
10,925 5,334 _ 5,591
$ 32,965 $ 32,711 $ 254
$ 21,495 $ 19,725 $ 1,770
59,200 58,381 819
250 141 109
T-TO-, 5 $ 7� ,247 $ 2,698
$ 591,308 $ 576,754 $ 14,554
$ 10,501 $ 7,389 $ 3,112
327,315 327,458 (143)
150 55 95
337,9 $ 33 ,902 $ 3,064
V
36 ANNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES (CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1981
1981
nencum ere
Budget (Overexpended)
(Revised) Expenditures Balance
SANITATION (continued):
Weed Control
Personal services
$
2,400
$
2,015
$
385
Other services and charges
80
80
-
Total
$ 2, 80
$
2,095
$ 3 5
Total Sanitation
$
340,446
$
336,997
$
3,449
LIBRARY:
Personal services
$
119,593
$
115,921
$
3,672
Other services and charges
24,070
23,110
960
Supplies
49,950
49,409
541
Total
$
193,613
-T
-188,44b
$
5,173
MUNICIPAL PARKS:
Administration and Maintenance:
Personal services
$
252,655
$
239,917
$
12,738
Other services and charges
91,720
109,512
(17,792)
Supplies
39,175
35,880
3,295
Capital outlay
239,890
239,879
11
Total
-$-6-23-,-WO-
$ 62.5,188
$ 1,748)
Skating Rinks:
Personal services $ 18,300 $ 14,844 $ 3,456
Other services and charges 12,250 11,710 540
Supplies- 2,500 869 1,631
Total _ 33,_050 _ _ 27,423 $ 5,627
Total Municipal Parks $ 656,490 $ 652,611 $ 3,879
CITY OF COLUMBIA MEICNTS, MINNESOTA
V
37-
MNUAL FINANCIAL REPORT
Form B -3
GENERAL FUND
SCHEDULE OF EXPENDITURES (:CONTINUED)
BUDGET AND ACTUAL
Year Ended December 31, 1981
1981
Unencumbered
Budget (Overexpended)
(Revised) Expenditures Balance
UNALLOCATED EXPENSE:
Insurance
$
21,870
$
10,502.
$
11,368
Taxes and licenses
1,300
932
368
Cable TV expense
11,000
10,805
195
Vandalism
1,000
-
1,000
Other miscellaneous
116,900
981-633
18,267
Total Unallocated
$
152,070
$
120,872
$
31,198
Total Expenditures
$
3,882,955
$
3,794,984
$
872971
Other Uses:
TRANSFERS TO OTHER FUNDS
Recreation
$
85,000
$
87,000
$
(2,000)
PARA Transit Fund
10,210
6;933
3,277
Total Transfers
$
95,210
$
93,933
$
1,277
Grand Total
$
3,978,165
$
3,888,917
$
89,248
[CITY OF COLUMBIA NEIGNTS, MINNESOTA
38 —
MNUAL FINANCIAL KPORT
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA TINA BECEMBER CIAL KEPORT .
EAR MED 31, 1081
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.
TABLE OF CONTENTS
Page
Combining Balance Sheet Form C 39 -40
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Form
C -1
41 -42
Statements of Revenues, Expenditures and
Changes in Fund Balance:
Revenue Sharing Fund
Form
C -2
43
Recreation and Community Services Fund
Form
C -3
44
Paratransit Fund
Form
C -4
45
Municipal State -Aid Street Fund
Form
C -5
46
C.E.T.A. Fund
Form
C -6
47
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
Recreation
Revenue Community
Sharing Services
ASSETS
Cash:
Treasurer's balance (deficit)
$
2,052
$
4,106
Impre_st cash
-
50
Total Cash
$
2,052
$
4,156
Investments, at cost
166,000
20,000
Accounts receivable
-
-
Due from other governmental units:
Due from Federal - Revenue Sharing
37,736
-
Due from State of Minnesota
-
-
Due from Anoka County
-
-
Total Assets
$
205,788
$
24,156
LIABILITIES, AND FUND BALANCE
Liabilities:
Accounts payable
$
10 166
$
823
Accrued salaries payable
-
2,187
Accrued social security /P.E.R.A. payable
-
229
Due to Other Funds
-
-
Total Liabilities
$
10,166
$
3,239
Fund Balance Unreserved:
Designated for subsequent year's expenditures
$
19,335
-
Undesignated
176,287
20,917
Total Fund Balance
$
195,622
$
20,917
Total Liabilities, and
Fund Balance
$
205,788
$
24,156
CITY OF COLUMBIA NEIGHTS, MINNESOTA 39 #NNUAL FINANCIAL KPORT
Paratransit
$ (4,129)
,129)
4,176
$ 47
$ 47
47
$ 47
Form C
Municipal Totals
State
Aid 1981 1980
$ (6,589) $ (4,560) $ (3,816)
$- (6,58-9) $--(4,510) $ 3,750)
- 186,000 132,000
- 543
- 37,736 41,073
50,332 54,508 428,539
- _ 3,146
$ 43,743 $ 273,734 $ 601,535
30,454
$ 30,454
13,289
$ 13,289
$ 43,743
I.CITY OF COLUMBIA NEIGNTS, MINNESOTA
$ 11,036.
$ 9,158
2,187
1,919
229
617
30,454
17,000
$ 43,906
$ 29,154
$ 19,335
$ 5,505
210,493
566,876
$ 229,828 $ 572,381
$ 273,734 $ 601,535
40
#NNUAL FINANCIAL REPORT
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Totals for Year Ended December 31, 1980
Revenues:
Revenue from other agencies:
Federal
State of Minnesota
Independent School District #13
Interest earnings
Fees
Other revenue
Total Revenues
Other Financing Sources:
Transfers from other funds
Total Revenues and Other
Sources
Expenditures:
$ 181,353
87,000
$ 209,039
6,933
$ 25,847
Public safety
Recreation
35,739
Revenue
Community
$
Sharing
Services
Paratransit
$ 160,957
$ -
$ -
-
-
14,052
-
87,000
-
20,223
-
-
-
35,039
4,862
173
-
-
$ 181,353
$ 122,039
$ 18,914
$ 181,353
87,000
$ 209,039
6,933
$ 25,847
Public safety
$
35,739
$
-
$
-
Parks
-
-
-
Street and engineering
36,730
-
-
.Library
40,543
-
-
Recreation
-
199,968
-
Downtown development
-
-
-
State -aid construction
-
-
-
Parking lot
22,891
-
-
Para transit
-
-
25,853
C.E.T.A.
-
-
-
Miscellaneous
3,951
-
-
Total Expenditures
$
139,854
$
199,968
$
25,853
Excess of Revenues and
Other Sources
over (under) Expenditures
$
41,499
$
9,071
$
(6)
Fund balance at beginning of year,
before
adjustment
$
154,123
$
11,846
$
6
Adjustment to remove receivable
from
state for unearned State Aid
Fund balance beginning of year,
restated
$
154,123
$
11,846
$
6
Fund balance end of year
$
195,622
$
20,917
$
-
CITY OF COLUMBIA NEIGNTS, MINNESOTA
41
ANNUAL FINANCIAL REPORT
Form C -1
CITY OF COLUMBIA NEIGHTS, MINNESOTA '� 41NNUAL FINANCIAL REPORT
42
Muni clpaI
State
Totals
Aid
C.E.T.A.
1981
19 0
$
-
$
4,094
$ 165,051
$
171,810
361,918
-
375,970
201,379
-
87,000
70,890
12,173
-
32,396
13,477
-
39,901
25,949
-
173
62
$
374,091
$
4,094
$ 700,491
$
483,567
-
-
93,933
77,115
$
374,091
$
4,094
$ 794,424
$
560,682
$
$
$ 35,739
$
38,426
-
-
12,732
-
36,730
1,764
'
-
40,543
2,716
-
199,968
180,274
343,704
-
-
-
343,704
24,174
2,055
-
-
22,891
55,071
-
25,853
22,725
'
4,094
4,094
11,679
'
-
3,951
5,183
$
343,704
$
4,094
$
713,473
$
356,799
$
30,387
$
-
$
80,951
$
203,883
$
406,406
$
-
$
572,381
$
368,498
(423,504).
-
(423,504)
-
$
(17,098)
$
-
$
148,877
$
368,498
$
13,289
$
-
$
229,828
$
572,381
CITY OF COLUMBIA NEIGHTS, MINNESOTA '� 41NNUAL FINANCIAL REPORT
42
Form C -2
REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Actual Amounts for Year Ended December 31, 1980
1981
Variance
Favorable 1980
Budget Actual (Unfavorable) Actual
Revenues:
Revenue from other agencies:
Federal Revenue Sharing $152,000 $160,957 $ 8,957 $ 160,131
Revenue from use of money and property:
Interest earnings - Investment
Trust Fund 5,000 20,223 15,223 12,810
Other revenue - 173 -173 62
Total Revenue $157,000 $181,353 $ 24,353 $ 173,003
Expenditures:
$ 38,426
-
Capital outlay:
63,025
1,764
Public safety
$ 47,280
$ 35,739
Parks
-
-
Street.and engineering
99,755
36,730
Library
23,850
40,543
Voss parking lot
-
22,891
Professional services:
Downtown development
-
-
Other general government
70,300
3,951
Total.Expenditures
$241,185
$139,854
Excess of Revenues over
(under) Expenditures
$(84,185)
$ 41,499
Fund balance at beginning of year
154,123
154,123
Fund balance at end of year
$ 69,938
$195,622
Form C
CITY OF COLUMBIA NEIGHTS MINNESOTA
43
$ 11,541
$ 38,426
-
12,732
63,025
1,764
(16,693)
2,716
(22,891)
55,071
- 24,174
66,349 5,183
$ 101,331 $ 140,066
$ 125,684 $ 32,937
121,186
$ 1251684 $ 154,123
ANNUAL FINANCIAL REPORT
Form C -3
RECREATION AND COMMUNITY SERVICES FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Actual Amounts for Year Ended December 31, 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
Expenditures:
Personal services
Other services and charges
Supplies
Capital outlay
Other expenses:
P1 d
aygroun - -
Athletic supplies - -
Beach program 6,050 5,686
Traveling teams 10,000 10,541
Total Expenditures $214,540 $199,968
Excess of Revenues and Other Sources
over (under) Expenditures $ (5,505) $ 9,071
Fund balance at beginning of year
Fund balance at end of year
.CITY OF COLUMBIA NEI6NTS, MINNESOTA
2,192
3,313
364 5,999
.(541) 5,545
$ 14,572 $ 180,274
$ 14,576 $ (16,709)
11,846 11,846 - 28,555
$ 6,341 $ 20,917 $ 14,576 $ 11,846
Form'C
44 .
MNUAL FINANCIAL REPORT
1981
Variance
Favorable
1980
Budget
Actual
(Unfavorable)
Actual
$ 87,000
$ 87,000
$ -
$ 70,890
35,035
35,039
4
21,785
$122,035
$122,039
$ 4
$ 92,675
87,000
87,000
-
70,890
$209,035
$209,039
$ 4
$ 163,565
$163,920
$153,394
$ 10,526
$ 146,033
22,335
19,424
2,911
12,996
10,335
9,347
988
2,649
1,900
1,576
324
1,547
aygroun - -
Athletic supplies - -
Beach program 6,050 5,686
Traveling teams 10,000 10,541
Total Expenditures $214,540 $199,968
Excess of Revenues and Other Sources
over (under) Expenditures $ (5,505) $ 9,071
Fund balance at beginning of year
Fund balance at end of year
.CITY OF COLUMBIA NEI6NTS, MINNESOTA
2,192
3,313
364 5,999
.(541) 5,545
$ 14,572 $ 180,274
$ 14,576 $ (16,709)
11,846 11,846 - 28,555
$ 6,341 $ 20,917 $ 14,576 $ 11,846
Form'C
44 .
MNUAL FINANCIAL REPORT
Form C -4
PARATRANSIT FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Actual Amounts for Year Ended December 31, 1980
1981
Variance
Favorable 1980
Budget Actual (Unfavorable) Actual
Revenues:
Revenue from other agencies
State grant
Paratransit fares
Total Revenues
Other Financing Sources:
Transfer from General Fund
Total Revenues and
Other Sources
Expenditures:
$ 20,410
$ 14,052 $
(6,358)
$ 12,337
5,000
4,862
(138)
4,164
$ 25,410
$ 18,914 $
(6,496)
$ 16,501
10,210
6,933
(3,277)
6,225
$ 35,620 $ 25,847 $ (9,773) $ 22,726
Personal services
$
5,100
$
4,412
$
688
$
1,145
Other services and charges
30,520
21,441
9,079
21,580
Total Expenditures
$
35,620
$
25,853
$
9,767
$
22,725
Excess of Revenues and
Other Sources over (under)
Expenditures
$
-
$
(6)
$
(6)
$
1
Fund balance at beginning of year
6
6
-
5
Fund balance at end of year
$
6
$
-
$
(6)
$
6
Form C
CITY or. COLUMBIA NEIGNTS, MINNESOTA j
45 .
ANNUAL FINANCIAL REPORT
Form C -5
MUNICIPAL STATE -AID STREET FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Actual Amounts for Year Ended December 31, 1980
Revenues:
State of Minnesota:
Gasoline tax apportionment -
construction
Interest earnings- Investment
Trust Fund
Total Revenue
Expenditures:
Construction costs
Other Uses:
Transfers
Total Expenditures
and Other Uses
1981
Variance
Favorable 1980
Budget Actual (Unfavorable) Actual
$ 180,000 $ 361,918 $ 181,918 $
- 12,173
12,173
667
$ 180,000 $ 374,091
$ 194,091
$
667
$ 130 $ 1,664 $ (1,534) $ 2,055
365,530 342,040 23,490 -
$ 365,660 $ 343,704 $ 211956 $ 2,055
Excess of Revenues over
(under) Expenditures and
Other Uses $(185,660) $ 30,387 $ 216,047 $ (1,388)
Fund balance at beginning of year
before adjusted
Adjustment for restatement
Restated beginning fund balance
Fund balance at end of year
406,406 406,406 - 218,752
(423,504) (423,504) (234,462)
(17,098) - (15,710)
$ 220,746 $ 13,289 $(207,457 ) (17,098)
Form C
1980 was restated in 1981 in accordance with N.C.G.A. statement Number 2.
Previously,revenue was recorded at the time of the apportionment from the
State of Minnesota. Under the restatement,revenue is not recorded until
it is earned.
CITY OF COLUMBIA MEI6NTS, MINNESOTA 46 &NNUAL FINANCIAL KPORT
s m
Form C-6
C.E.T.A. FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Actual Amounts for Year Ended December 31, 1980
1981 1980
Revenues:
Federal grant $ 4,094 ' $ 11,679
Expenditures:
Personal services 4,094 11,595
Other services and charges - 84
Total Expenditures $ 4,094 $ 11,679
Excess of Revenues over
(under) Expenditures $ - $ -
Fund balance at beginning of year - -
Fund balance at end of year $ - $ -
t
CITY OF COLUMBIA NEIGHTS MINNESOTA `U/
, 47 #NNUAL FINANCIAL REPORT
HE CITX OF COLUMBIA HEIGHTS, MINNESOTA
NNUAj TINABCIAL KEPORT
EAR tNDED ECEMBER 31, 1981
DEBT SERVICE FUNDS
Debt Service Funds are used to account for the collection of
tax levies and other revenues and to record the payment of
principal and interest on outstanding General Obligation Bonds.
TABLE OF CONTENTS
Page
Combining Balance Sheet Form D 48 -49
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances Form D -1 50 -51
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
ASSETS
Cash:
Treasurer's balance
Deposited with paying agent
Investments, at cost
Taxes receivable'delinquent
Less: Allowance for uncollectible taxes
Due from other governmental units
Due from other funds
Total Assets
LIABILITY AND FUND BALANCE
Liability:
Matured bonds and interest payable
Fund Balance- reserved for debt service -- Form D -1
Total Liability and Fund Balance
I -CITY OF COLUMBIA NEIGNTS, MINNESOTA
/i
48-
Storm Sewer
Bonds of
1965
$ 7,093
,103,413
133,000
152
(152)
29,700
$ 273,206
$ 103,413
169,793
$ 273,206
RNNUAL FINANCIAL REPORT
City Garage
Bonds of
1972
$ 2,705
52,340
63,000
41
(41)
$ 1113,045
$ 52,340
65,705
$ 118j045
...- -
Capital Tax
Improvement Increment
Bonds of Bonds of
1976 1980
$ 491 $ 865
- 10,942
213,000 476,000
110 -
(110) -
- 2,895
$ 213j491 $ 490,702
$ - $ 10,942
213,491 479,760
$ 213,491 $ 490,702
CITY OF COLUMBIA NEIQHTS, MINNESOTA 49
Form D
'Tota 1 s
1981 19 0
$ 11,154
$ 8,943
166,695
117,225
885,000
1,011,000
303
1,059
(303)
(1,059)
2,895
-
29,700
41,250
$ 1,095,444 $ 1,178,418
$ 166,695 $ 143,395
928,749 1,035,023
$ 1,095,444 $ 1,1781418
ANNUAL FINANCIAL REPORT
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1981
With Comparative Totals for Year Ended December
31,
1980
Storm Sewer
Bonds of
1965
Revenues:
General property taxes:
Collected by county
Current ad valorem
$
59,520
Delinquent ad valorem
1,400
Revenue from other sources:
Property tax relief (Homestead)
21,225
Sale of land
Interest earnings:
Investment Trust Fund
16,653
Inter -fund loans
1,851
Total Revenues
$
100,649
Other Financing Sources:
Bond proceeds
-
Transfers from:
Water Utility Fund
-
Sewer Utility Fund
15,000
Total Revenues and Other Sources
$
115,649
Expenditures:
Bonds matured
$
95,000
Interest on bonds
16,825'
Fiscal agent charges
77
Total Expenditures
$
111,902
Excess of Revenues and Other Sources
over (under) Expenditures and Other
$
3,747
Fund balance at beginning of year
166,046
Fund balance at end of year
$
169,793
J.
CITY OF %COLUMBIA NEIGHTS, MINNESOTA 50 ANNUAL FINANCIAL KPORT
Form D -1
Capital
City Garage Improvement Tax Increment
Bonds Bonds of Bonds of Totals
1972 1976 1980 19 1 19 0
$
18,175
$
122,034
$
71,988
$ 271,717
$
199,440
402
3,218
-
5,020
3,276
6,482
43,519
8,684
79,910
85,534
429,731
429,731
9,284
22,431
31,779
80,147
50,917
-
-
-
1,851
7,698
$
34,343
$
191,202
$
542,182
$ 868,376
$
346,865
-
-
-
-
563,000
.10,000
-
-
10,000
15,000
10,000
-
-
25,000
30,000
$
54;343
$
191,202
$
542,182
$ 903,376
$
954,865
$
50,000
$
175,000
$
-
$ 320,000.
$
285,000
4,680
20,602
646,780
688,8871
53,357
87
109
490
763
350
$
54,767
$
195,711
$
647,270
$1,009,650
$
338,707
$
(424)
$
(4,509)
$
(105,088)
$ (106,274)
$
616,158
66,129
218,000
584,848
1,035,023.
418,865
$
65,705
$
213,491
$
479,760
$ 928,749
$1,035,023
CITY OF
COLUMBIA
NEIGNTS,
MINNESOTA
51
MNUAL FINANCIAL REPORT
HE CIT�INABCIAL OF COLUM IA HEIGHTS, MINNESOTA
NNUAj KEPORT EAR LNDED ECEMBER Sl, 1981
CAPITAL PROJECT FUNDS
Capital Project Funds are maintained to account for the
construction of major capital facilities. Project appli-
cations are a combination of several revenue sources, such
as municipal state -aid streets, special assessments, sewer
utility fund, other governmental units,.State and Federal
Grants, etc.
TABLE OF CONTENTS
Page
Combining Balance Sheet Form E 52 -53
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances Form E -1 54 -55
CAPITAL PROJECTS'FUNDS
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
ASSETS
Cash:
Treasurers balance
Investments at cost
Accounts. Receivable:
Accrued interest
Due from other government units
Total Assets
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable
Contracts payable
Total Liabilities
Fund balance:
Reserved for encumbrances
Unreserved
Designated for subsequent year's expenditures
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
CITY OF COLUMBIA NEI6NTS, MINNESOTA 2
Capital
Improvement
Fund 308
$ 895
57,000
$ 57,895
57,895
$ 57,895
it c-7 Qor
ANNUAL FINANCIAL KPORT
Fo rm E
Sullivan Downtown Land
Lake Acquisition Totals
Fund 807 Fund 312 19 1 19 0
$ 764
$ 22,065
$
23,724
$ 157,948
4,571
1,470,506
1,532,077
6,371,844
17,488
17,488
49,848
97,585
-
97,585
-
$102,920
$ 1,510,059
$
1;670,874
$6,579,640
$ -
$
$
-
$ l8o
46,698
-
46,698
-
$ 46,698
$ -
$
46,698
$ 180
$ 31,644 $ - $ 31,644 $ -
24,578 1,510,059 1,534,637 6,374,758
- 57,895 204,702
$ 56,222 $1,510,059 $_ 1,624,176 $ 6,579,460
$102,920 $1,510,059 $ 1,670,874 $ 6,579,640
I
CITY OF COLUMBIA NEIGNTS, MINNESOTA 53 ANNUAL FINANCIAL REPORT
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1981
With Comparative Totals for year ended December 31, 1980
Revenues:
Interest earnings - Investment'Trust Fund
State Grant
Other Revenue
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
CITY OF COLUMBIA NEIGNTS, MINNESOTA
T
J
54
Capital
Improvement
Fund 308
$ 6,168
$ 6,168
$, 6,168
$ 6,168
51,727
$ 57,895
ANNUAL FINANCIAL REPORT
Sullivan Downtown Land
Lake Acquisition
Fund 807 Fund 312
$ 36,713 $ 633,094
150,488 -
275 -
$ 187,476 $ 633,094
$ 187,476 $ 633,094
$ 284,229 $ -
- 5,226,903
$ 284,229 $5,226,903
Totals
19 1 19 0
$ 675,975 $ 286,768
150,488 -
275 -
$ 826,738 $ 286,768
7,497,069
- 1,209
$ 826,738 $7,785,046
$ 284,229 $ 40,140
5,226,903 1,644,982
$5,511,132 $1,685,122
270,890
-
270,890
=72,244
$ 555,119
$5,226,903
$5,782,022
$1,757,366
$ (.367,643)
$(4,593,809)
$(4,955,284)
$6,027,680
423,865
6,103,868
6,579,460
551,780
$ 56,222
$1,510,059
$1,624,176
$6,579,460
[.CITY OF COLUMBIA NEIGNTS, MINNESOTA
Forte__
'" #NNUAL FINANCIAL REPORT
55
JHI CITX OF COLUM IA HEIGHTS, MINNESOTA
N NUA rINA�1 CIAL KEPQRT
EAR LNDED LECEMBER Sl,
SPECIAL ISSESSMENT FONDS
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 56
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances Form F -1 57
Form F
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
Permanent Permanent
Improvement Improvement
Revolving Revolving Totals
Fund Bond Fund 1981 199-0
ASSETS
Cash:
Treasurer's balance (deficit)
Deposited with paying agent
Investments, at cost
Accounts receivable
Taxes receivable deferred
Special assessments receivable:
Delinquent
Deferred
Due from other funds
Total Assets
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable
Accrued payroll
Interest payable
Contracts payable
Deposits
Bonds payable
Matured bonds and interest payable
Due to General Fund
Total Liabilities
Fund Balance:
Reserved for encumbrances
Unreserved- Undesignated
Total Fund Balance
Total Liabilities and Fund
Balance
CITY OF COLUMBIA HEIGHTS, MINNESOTA
$ 1,853 $ 5,458 $ 7,311 $(25,237)
-
51,158 51,158
52,182
-
- -
45,000
16,499
16,499
-
-
5,500 5,500
60,500
111,314
- 111,314
87,161
509,998
- 509,998
602,047
30,454
- 30,454
-
$ 670,118 $ 62,116 $732,234 $821,653
$ 967
$ - $ 967
$ -
683
- 683
-
-
21.5 215
-
64,925
- 64,925
.38,901
8,511
- 8,511
8,511
-
5,000 5,000
55,000
-
51,158 51,158
52,182
595,000
- 595,000
330,000
56 -
$ 670,086 $ 56,373 $726,459 $484,594
$ 44,874 $ - $ 44,874 $ 12,464
(44,842) 5,743 (39,099) 324,595
$ 32 $ 5,743 $ 5,775 $337,059
$ 670,118 $ 62,116 $732,234 $821,653
ANNUAL FINANCIAL REPORT
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1981
With Comparative Totals for Year Ended December 31, 1980
Revenues:
Increase in assessments
Interest and penalties on special
assessments
Administration charges to projects
Miscellaneous
Total Revenues
Form F -1
Permanent Permanent
Improvement Improvement
Revolving Revolving Totals
Fund Bond Fund 1981 1980
$ 194,654 $ - $ 194,654 $ 418,838
55,068 - 55,068 36,959
54,716 - 54,716 16,737
16,499 5,389 21,888 (2,661)
$ 320,937 $ 5,389 $/'326,3-2-6-/$ 469,873
Other Financing Sources:
Transfers from:
Permanent Improvement Revolving Fund
Sewer Utility Fund 5,114
State Aid Fund 342,040
General Fund 65,335
Total Revenues and other
Sources
Expenditures:
Capital project expenditures:
Construction contracts
Other project costs
Administration costs
Fiscal agent charges
Total Expenditures
Other Financing Uses:
Transfer to Permanent Improvement
Revolving Bond Fund
Deferred tax levies (1981) cancelled
Adjust assessments
Total Expenditures and Other
Uses
5,100 5,100 55,500
5,114 -
342,040 -
65,335 17,574
$ 7331426 _$ 10,489 $ 743,915 $ 542,947
$ 740,273 $ - $ 740,273 $ 99,359
198,418 - 198,418 61,009
73,792 - 73,792 33,321
- 86 86 86
$1,012,483 $ 86 $1,012,569 $ 193,775
5,100 - 5,100 55-,500
- 55,000 55,000 57,100
2,570
$1,017,583 $ 55,086 $1,072,669 "08,945
Excess of Revenues and Other
Sources over (under) Expenditures
and Other Uses $ (284,157) $ (44,597) $ (328,754) $ 234,002
Fund balance at beginning of year
Fund balance at end of year -- Form F
CITY OF COLUMBIA NEIGHTS, MINNESOTA
284,189 50,340 334,529 100,527
$ 32 $ 5,743 $ 5,775 $ 334,529
(5 � MNUAL FFRAWCIAL REPORT
HE CITx OF COLUM IA HEIGHTS, MINNESOTA
NN UA tINA�VCIAL KEPQRT
EAR INDED DECEMBER 31, 1931
ENTERPRISE FUNDS
The Authority for these types of funds is derived from Section 69
(b) of the City Charter which allows for utility or other public
service enterprise funds. Enterprise fund operations are financed
solely by user charges.
TABLE OF CONTENTS Paqe
Combining Balance Sheet Form G 58 -59
Combining Statement of Revenues, Expenses, and 60 -61
Changes in Retained Earnings Form G -1
Combining Statement of Changes in Financial 62 -63
Position Form G -2
Municipal Liquor Fund:
Form
1
74
Balance Sheet
in Retained Earnings
Form
H
64
Statement of Revenues,
Expenses and Changes
Form
1 -2
76
in Retained Earnings
in Financial Position
Form
H -1
65 -66
Statement of Changes in
Financial Position
Form
H -2
67
Schedule of Revenues -
Off Sale
Form
H -3
68 -69
Schedule of Operating
Expenses
Form
H -4
70-71
Schedule of Property,
Equipment and Accumulated
Form
J
80
Depreciation
in Retained Earnings
,Form
H -5
72 -73
Water Utility Fund:
Balance Sheet
Form
1
74
Statement of Changes
in Retained Earnings
Form
1 -1
75
Statement of Revenues
and Expenses
Form
1 -2
76
Statement of Changes
in Financial Position
Form
1 -3
77
Schedule of Property,
Equipment and Accumulated
Depreciation
Form
1 -4
73 -79
Sewer Utility Fund:
Balance Sheet
Form
J
80
Statement of Changes
in Retained Earnings
Form
J -1
81
Statement of Changes
in Customer's Contribution
Form
J -2
82
Statement of Revenues
and Expenses
Form
J -3
83
Statement of Changes
in Financial Position
Form
J -4
84
Schedule of Property,
Equipment and Accumulated
Depreciation
Form
J -5
85 -86
N
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CITY Of COLUMBIA NEIGNTSt MINNESOTA 59 ONNUAL FINANCIAL REPORT
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - ALL ENTERPRISE FUND TYPES
Year Ended December 31, 1981
With Comparative Totals for Year Ended .December 31, 1980
Liquor
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 (LOSS)
NON- OPERATING REVENUES (EXPENSES):
Interest income
Interest expense
Other income (expense) - net
Total
Net Income
Transfers to other funds
RETAINED EARNINGS (DEFICIT)
AT BEGINNING OF YEAR
RETAINED EARNINGS (DEFICIT)
AT END OF YEAR
CITY OF COLUMBIA HEIGHTS, MINNESOTA
$ 1,205,801
852,135
$ 353,666
233,778
83,935
7,398
325,111
28,555
7,714
20,841
72,322
580,590
652,,912
673,753
609,861
$ 1,283,614
J60 ANNUAL FINANCIAL tErORT
(83,291) (227,566)
$ (90,463) $(130,259)
299,004 246,601
$ 1,062,892 $ 299,004
I CITY OF COLUMBIA NEI6NTS, MINNESOTA
61 .
Form G -1
ANNUAL FINANCIAL REPORT
Totals
Water
Sewer
1981
1980
$ 708,400
$ 733,306
$ 2,647,507 $
2,466,824
-
-
852,135
868,704
$ 708,400
$ 733,306
$-1,795,372 $
1,598,120
152,233
122,894
508,905
547,996
46,653
41,772
172,360
162,313
17,607
24,318
49,323
52,416
438,397
379,782
818,179
683,048
654,.890
568,766
1,548,767
1,445,773
53,510
164,540
246,605
152,347
43,470
57,065
108,249
109,609
10,040
107,475
138,356
42,738
7,012
14,643
93,977
59,188
(1,851)
-
(1,851)
(7,698)
627
13,189
594,406.:%
3,175
5,788
27,832
686,532
54,665
15,828
135,307
824,888
97,403
(23,000)
(38,000)
(61,000)
(45,000)
(83,291) (227,566)
$ (90,463) $(130,259)
299,004 246,601
$ 1,062,892 $ 299,004
I CITY OF COLUMBIA NEI6NTS, MINNESOTA
61 .
Form G -1
ANNUAL FINANCIAL REPORT
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL ENTERPRISE FUND TYPES
Year Ended December 31, 1981
With Comparative Totals for Year Ended December 31, 1980
SOURCES OF WORKING CAPITAL:
Operations:
Net income
Items not requiring (providing) working capital
Depreciation
Gain on disposal fixed assets
Proceeds from sale of equipment
Working Capital Provided by Operations
Decrease in long term contract receivable
Increase in deferred credit-revaluation MWCC
Decrease in deferred receivable - reserve capacity
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
Accrued liabilities
Net Increase (Decrease) in Working Capital
i
CITY OF COLUMBIA NEIGHTS, MINNESOTA 62
Liquor
$ 673,753
7,714
(576,975)
651,611
$ 756,103
$ 756,103
$ 3,665
$ 3,665
$ 752,438
$ (6,536)
785,000
(164)
(6,869)
(22,828)
3,835
$ 7521438
&NNUAL FINANCIAL REPORT
Form G -2
Totals
Water
Sewer
_U81
1980
$
5,828
$
110,307
$
789,888
$
97,403
43,470
57,065
108,249
109,609
-
-
(576,975)
-
-
-
651,611
-
$
49,298
$
167,372
$
972,773
$
207,012
-
10,165
10,165
9,774
-
1,502
1,502
1,323
$
49,298
$
179,039
$
984,440
$
218,109
$
3,302
$
14,654
$
21,621
$
13,168
14,300
-
14,300
11,550
-
10,165
10,165
9,774
13,000
13,000
26,000
45,000
$
30,602
$
37,819
$
72,086
$ 79,492
$
18,696
$
141,220
$
912,354
$ 138,617
$
(656)
$
81
$
(7,111)
$
(11,303)
(15,000)
229,000
999,000
82,000
29,405
10,379
39,620
64,343
1,325
-
(5,544)
28,998
(33,255)
(64,699)
(120,782)
(30,539)
(2,750)
-
(2,750)
42,900
41,145
(33,541)
7,604
(37,782)
(1,518)
-
2,317
-
$
18,696
$
141,220
$
912,354
$
138,617
CITY OF COLUMBIA MEIGIITS,
MINMEtOTA
63
MNIIAI FINANCIAL REPORT
Form H
MUNICIPAL LIQUOR FUND
COMPARATIVE BALANCE SHEET
December 31, 1981 and 1980
CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT
1981
1980
ASSETS
Current Assets:
Cash:
Treasurer's balance
$
300
$ 1,836
Imprest cash and change funds
5,100
10,100
Total Cash
$
5,400
$ 11,936
Investments, at cost
1,140,000
355,000
Accounts receivable
-
164
Merchandise inventory, at cost
115,498
122,367
Total Current Assets
$1,260,898
$ 489,467
Property and Equipment:
Land
$
7,125:
$ 16,735
Buildings
70,260
169,390
Improvements other than buildings
19,665
66,056
Office furniture and equipment
872
1,375
Store equipment
31,998
75,623
Total
$
129,920
$ 329,179
Less: Accumulated depreciation
60,47,i
181,045
Net Property and Equipment -- Form H-5
$
69,449.
$ 148,134
Total Assets
$1,330,347
$ 637,601
LIABILITIES AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$
43,459
$ 20,631
Accrued salaries payable
3,073
5,890
Accrued social security /P.E.R.A. payable
201
1,219
Total Current Liabilities
$
46,733
$ 27,740
Retained Earnings -- Unreserved Form H -1
$1,283,614
$ 409,861
Total Liabilities and Retained Earnings
$1,330,347
$ 637,601
CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT
Sales
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
COMBINED ON -SALE AND OFF -SALE
Years Ended December 31, 1981 and 1980
Totals All Stores
i21 190
$1,205,801 $1,301,856
Cost of Sales:
Inventory, Beginning $ 122,366 $ 92,768
Purchases 1 845,267 898,302
Total Mdse.Available for Sale$ 967,633 $ 991,070
Less: Inventory, Ending 115,498 122,366
Cost of Sales "52,135 $ 868,704
Gross Profit.on Sales $ 353,666 $ 433,152
Percentage of Gross Profit to Sales 29.33% 33.27%
Less: Operating Expense -- Form H -4 $ 325,111 $ 364,361
Operating Income before
Depreciation
Less: Depreciation - Form H -5
Operating Income
Nonoperating Revenues (Expenses):
Interest earnings - Trust Fund
Machine commissions
Other income
Cash short
Gain /Loss on disposal of assets
Other expense
Total
Net Income
$ 28,555 $ 68,791
7,714 8,585
$ 20,841 $ 60,206
$ 72,322 $ 36,773
6,254 7,435
- 641
(1,923) (1,441)
576,975 -
(7 1 6) -
$ 652,912 $ 43,408
$ 673,753 $ 103,614
Retained Earnings at beginning of
year $ 609,861 $ 506,247
Retained Earnings at end of year $1,283,614 $ 609,861
[.CITY OF COLUMBIA NEIGNTS, MINNESOTA
65 .
On -Sale Store
1981 i9 0
232,943 1 334,594
$ 12,128 $ 11,020
63,441 109,094
$ 75,569 $ 120,114
12,128
75,569 $ 107,986
$ 157,374 226,608
67-56% 67.73%
T
$ 177,104 $ 212,596
$ (19,730) $ 14,012
3,978 5,177
$ (23,708) $ 8,835
$ 67,006 $ 12,257
5,223 6,073
- 230
(541) (433)
576,975 -
(710) -
$ 647,953 $ 18,127
$ 624,245 $ 26,962
#NNUAL FINANCIAL REPORT
Form H -1
Off -Sale Stores
Totals 1 s NO. 2 N0. 3
19 1 1980 1981 __L980 1981 1980
$ 972,858 $ 967,262 $ 441,978 $ 426,658 $ 530,880 $ 540,604
$
110,238
$
81,748
$
47,736
$
35,065
$
62,502
$
46,683
781,826
789,208
-
362,582
(1,382)
347,858
(1,004)
419,244
(378)
441,350
$
892,064
$
870,956
$
410,318
$
382,923
$
481,746
$
488,033
$ 49,508 $.
115,498
$ 13,218 $
110,238
$ 36,290 $
53,502
47,736
61,996
62,502
$
776,566
$
760;718
$
356,816
$
335,187
$
419,750
$
425,531
$
196,292
$
206,544
$
85,162
$
91,471
$
111,130
$ 115,073
20.18%
21635%
19.27%
21.44%
20.93%
21.28%
$
148,007
$
151,765
$
71,440
$
73,339
$
76,567
$
78,426
$ 48,285 $ 54,779
3,,736 3,408
$ 44,549 $ 51,371
$ 13,722 $ 18,132
1,405 1,215
$ 12,317 $ 16,917
$ 34,563 $ 36,647
2,331 2,193
$ 32,232 $ 34,454
$ 5,316 $
24,516
$ 1,418 $
12,258
$ 3,898 $
12,258
1,031
1,362
490
632
541
730
411
315
-
96
(1,382)
(1,008)
(1,004)
(456)
(378)
(552)
(6)
(3)
-
(3)
-
$ 4,959 $
25,281
$ 901 $
12,749
$ 4,058 $
12,532
$ 49,508 $.
76,652
$ 13,218 $
292666
$ 36,290 $
46,986
L ITY OF COLUMBIA HEIGHTS, MINNESOTA
66
ANNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1981 and 1980
Sources of Working Capital:
Operations:
Net income -- Form H -1
Items not requiring (providing) working capital:
Depreciation -- Form H -5
Gain on disposal of fixed assets
Proceeds from sale of equipment
Total Sources of Working Capital
Uses of Working Capital:
Form H -2
1981 1980
$ 673,753 $ 103,614
(576;975) 8,585
651,611 -
$ 756,103 $ 112,199
Acquisition of
property
and equipment -- Form H -5
$
3,665
29,599
$
4,100
3,835
Net
Increase
in Working Capital
$
752,438
$
108,099
Elements of Net Increase in Working Capital:
Cash
Investments
Accounts receivable
Inventory
Accounts payable
Accrued liabilities
Net Increase in Working Capital
[CITY OF COLUMBIA NEIGNTS, MINNESOTA 67
$ (6,536) $ (456)
785,000
95,000
(164)
(852)
(6,869)
29,599
(22,828)
(15,317)
3,835
125
S 752.438 S 108.099
ANNUAL FINANCIAL KPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE SCHEDULE OF GROSS PROFIT - OFF SALE
Years Ended December 31, 1981 and 1980
TOTAL OFF SALE
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit (Loss) on Sales -- Form H-1
Percentage of Gross Profit to Sales
NO. 2
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Profit (Loss) on Sales
Percentage of Gross Profit to Sales
NO. 3
Sales
Cost of Sales:
Inventory, Beginning
Purchases
Total Merchandise Available for Sale
Less: Inventory, Ending
Cost of Sales
Gross Ocofit (Loss) on Sales
Percentage of Gross Profit to Sales
CITY OF COLUMBIA NEICNTS, MINNESOTA
68
1981 I
Total Liquor.
$ 972,858
$ 110,238
781,826
92,0
115,498
77776, 566
196,292
20.18%
$ 441,978
$ 47,736
362,582
10,31
53,502
3` 6
3,1
$ 85,162
$ 19.27%
$ 530,880
$ 62,502
419,244
61,996
19,750
$ 111,130
20.93%
$ 385,970
$ 87,380
301,263
��� 3
95,342
293,301
92,669
24.01%
$ 172,312
$ 37,402
138.783
$$ 176,1 55
43,833
132,352
$ 39,960
23.19%
$ 213,658
$ 49,978
162.480
$ 212,458
51.509
$ 16- 9
$ 52,709
24.67%
ANNUAL FINANCIAL REPORT
Form
H -3
1981
1980
Beer
Other
Total
Liquor
Beer
Other
$
568,847_
$
18,041
$ 967,262
$
380,684
$ 571,495
$ 15,083
$
19,905
$
2,953
$ 81,748
$
66,164
$ 13,538
$ 2,046
458687
21,876
789,208
303,590
463,430
22,188
$
478,59?
$
24,829
$ 870,956
$
369,754
$ 476,968
$ 24,234
18,307
$ 4 0�,285
1 849
$ 22,g 0
110,238
7 0,71
87,38o
282,374
19 905
457,063
2 953
21 ,2 1
$
108,562
$
(4,939)
$ 206,544
$
982310
$ 114,432
$ 6 198)
19.08%
-
21.35%
25.82%
20.02%
-
$
262,284
$
7,382
$ 426,658
$
162,062
$ 259,244
$ 5,352
$
9,121
$
1,213
$ 35,065
$
27,921
$ 6,627
$ 517
213,444
10,355
347,858
129,784
208,583
9,491
$
222,565
$
11,568
$$ 382,923
$
157,705
$ 215,210
$ 10,008
8,751
$ 213,814
918
$ 10, 50
47,73
$$ 335,187
$
37,402,
120,303
9,121
206,089
1,213
$ -8,795
$
48,470
$
(3,268)
$ 91,471
$
41,759
$ 53,155
$ (32443)
18.48%
-
21.44%
25.77%
20.50%
-
$
306,563
$
10,659
$ 540,604
$
218,622
$ 312,251
$ 9,731
$
10,784
$
1,740
$ 46,683
$
38,243
$ 6,911
$ 1,529
$
245,243
256,027
$
11,521
13,261
441,350,
$
173,806
$$ 212,0
254,847
$ 261,758
12,697
$ 14,226
9,556
$�
931
12,330
62,502
25,531
49,978
162,071
10,784
250,97T+
1 740
$ 12,
$
60,092
$
(1,671)
$ 115,073
$
56,551
$ 61,277
$ (2,755)
19.60%
-
21.28 %.
25.87%
19.62%
-
.CITY
OF., COLUMBIA NEIQNTS, MINNESOTA
69 9
#NNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
COMPARATIVE SCHEDULE OF OPERATING EXPENSES
COMBINED ON -SALE AND OFF -SALE
Years Ended December 31, 1981 and 1980
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 compensation
Total Personal Services
OTHER SERVICES & CHARGES:
Contractural maint. S 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 NEIGNTS, MINNESOTA
U
70
Form H-4
$ 1,933 $ 342
25,830 24,149
2,658 865
702 186
13,156 5,687
27,180 20,009
4,377 1,517
8,099 3,682
3,935 $ 56,437
$ 5,246 $ 1,000
2,152 2,152
$ - 7,398 $ 3,152
$ 325,111 $ 177,104
(Form H -1)
RNNUAL FINANCIAL REPORT
1981
Total
On -Sale
$ 113,081
$ 48,590
79,804
44,567
4,040
1,895
19,570
10,394
6,305
2,809
10,978
X2333,778
9,260
$ 117,515
$ 1,933 $ 342
25,830 24,149
2,658 865
702 186
13,156 5,687
27,180 20,009
4,377 1,517
8,099 3,682
3,935 $ 56,437
$ 5,246 $ 1,000
2,152 2,152
$ - 7,398 $ 3,152
$ 325,111 $ 177,104
(Form H -1)
RNNUAL FINANCIAL REPORT
Form H -4
$ 1,797 $ 2,449 $ 4,722 $ 1,609 $ 1,374 $ 1,739
3,598 3,59$ -
$ 1,797 $ 2,449 $ 8,320 $ 5,207 $ 1,374 $ 1„739
$ 711440 $ 76,567 $ 364,361 $ 2122596 $ 73,339 $ 78,426
CITY OF COLUMBIA HEIGHTS, MINNESOTA
71
MNUAL FINANCIAL REPORT
1981
1980
No. 2
No. 3
Total
On -Sale
No. 2
No. 3
$ 32,557
$ 31,934
$ 131,496
$ 64,034
$ 33,647
$ 33,815
16,848
18,389
103,683
65,766
17,743
20,174
174
1,971
1,767
1,575
93
99
4,255
4,921,
22,691
12,890
4,720
5,081
2,014
1,482
6,061
3,181
1,583
1,297
739
56,5'9-7
979
'59,67"C
4,162
269,860
3,023
150, 9
546
58,332
593
1,059
$ 931
$ 66o
$ 3,568
$ 2,188
$ 541
$ 839
830
851
32,912
31,312
800
800
890
903
2,130
983
612
535
258
258
758
209
340
209
3,412
4,057
14,961
7,879
3,148
3,934
3,478
3,693
20,822
10,083
5,262
5,477
1,059
1,801
4,090
1,714
1,015
1,361
2,198
$ 13,05
2,219
$ 1 , 2
6,94o
$ fib,181
2,552
$ 56 920
1,915
$ 13,633
2,473
$ 15,628
$ 1,797 $ 2,449 $ 4,722 $ 1,609 $ 1,374 $ 1,739
3,598 3,59$ -
$ 1,797 $ 2,449 $ 8,320 $ 5,207 $ 1,374 $ 1„739
$ 711440 $ 76,567 $ 364,361 $ 2122596 $ 73,339 $ 78,426
CITY OF COLUMBIA HEIGHTS, MINNESOTA
71
MNUAL FINANCIAL REPORT
MUNICIPAL LIQUOR FUND
SCHEDULE OF PROPERTY, EQUIPMENT AND
ACCUMULATED DEPRECIATION
Year Ended December 31, 1981.
Proeerty and Equipment
Balances Deletions Balances
1 -1 -81 Additions 12 -31 -81
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
(13,284) -
Office
735
(735) -
Total
$ 205,089
$ (205,089) $ -
Off Sale No. 2 Store:
Land
Building
Improvements other than buildings
Fixtures
Equipment:
Store
Office
Total
Off Sale No. 3 Store:
Land
Building
Improvements other than buildings
Fixtures
Equipment:
Store
Office
Total
Grand Totals
CITY OF COLUMBIA NEIGHTS, MINNESOTA
$ 2,765 $ -
27,637 -
11,463
7,054 -
2,803 777
4o4 98
$ 52,126 $ 875
$ 4,360
42,623
8,202
14,791
1,752
236
$ 71,964
$ 329,179
72 _.
4,821
134
$ 4,955
$ (199,259)
(Form H -2)
$ 2,765
27,637
11,463
7,054
3,580
502
$ 53,001
$ 4,360
42,623
8,202
14,791
6,573
370
$ 76,919
$ 129,920
(Form H
ANNUAL FINANCIAL KPORT
Balances Depreciation Deletions Balances
1 -1 -81 _Taken Adustments 12 -31 -81
50,335
2,154
31,380
34,089
7,540
518
$ 126,016
8,982
4,643
6,497
1 901
$ 21,320
15,257
4,876
12,598
780
198
$ 33,709
$ 181,045
1,622
313
878
377
762
26
S 3,978
553
423
71
322
36
$_ 1,405
872
396
739
300
24
$ 2,331
$ 7,714
(Form H -1
Form -�
Net Asset
Value
CITY OF COLUMBIA NEIGNTS, MINNESOTA 73
NNNUAL FINANCIAL KPORT
(51,957)
-
-
(2,467)
-
-
(32,258)
-
-
(34,466)
-
-
(8,302)
-
-
(544)
-
-
$
(129,994)
$
-
$
-
$
-
$
-
$
2,765
-
9,535
18,102
-
5,066
6,397
-
6,568
486
-
1,223
2,357
(70)
263
239
$
(70)
$
22,655 -
$
30,346
$
-
$
-
$
4,360
-
16,129
26,494
-
5,272
2,930
13,337
1,454
1,738
2,818
3,755
38
260
110
$
1,776
$
37,816
$
39,103
$
(128,288)
$
60,471
$
69,449
(Form H )
(Fo rm H
CITY OF COLUMBIA NEIGNTS, MINNESOTA 73
NNNUAL FINANCIAL KPORT
Form I
WATER UTILITY FUND
COMPARATIVE BALANCE SHEET
December 31, 1981 and 1980
ASSETS 1981 1980
Current Assets:
Cash - Treasurer's balance $ 890 $ 1,546
Investments, at cost 57,000 72,000
Accounts receivable:
Unbilled services 114,291 194,523
Special assessments:
Current - 8,327
Delinquent 1,794 351
Other 116,709 188
Meter inventory, at cost 3,191 1,866
Total Current Assets $ 293,875 $ 278,801
Property and Equipment:
Land
$ 45,223
$
45,223
Buildings
210,987
210,987
Improvements other than buildings
2,162,205
2,160,892
Machinery and equipment
Total
109,311
107 322
2,527,72
$
2,52 2
Less: Accumulated depreciation
974,351
930,881
Net Property and Equipment -- Form 1 -4
$1,553,375
$
1,593,543
Total Assets
$1,847,250
$
1,872,344
LIABILITIES, CONTRIBUTIONS, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$ 34,954
$
1,699
Accrued salaries payable
5,008
3,420
Accrued social security /P.E.R.A. payable
517
587
Due to other governmental units
-
41,145
Due to general obligation bonds of 1965
14,300
11,550
Total Current Liabilities
$ 54,779
$
58,401
Other Liabilities (less current portion above):
Due to general obligation bonds of 1965
15,400
29,700
Total Liabilities
$ 70,179
$
88,101
Fund equity contributed:
Contributed from customers
$1,414,534
$
1,414,534
Contributed from federal grant
453,000
453,000
Total Contributions
$1,867,534
$
1,867,534
Retained Earnings Unreserved (Deficit) -- Form 1 -1
(90,463)
(83,291)
Total Fund Equity
$1,777,071
$
1,784,243
Total Liabilities, and Fund Equity
$1,847,250
$
1,872,344
CITY OF " COLUMBIA NEIGNTS, MINNESOTA 74
ANNUAL FINANCIAL REPORT
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
Years Ended December 31, 1981 and 1980
Retained Earnings (Deficit) at beginning of year
Add:
Net income for the'year -- Form 1-2
Total Balance and Additions
Deduct:
Net loss for the year -- Form 1 -2
Transfer to Central Garage Fund
Total Deductions
Retained Earnings (Deficit) at end of year
CITY OF COLUMBIA NEIGNTS, MINNESOTA
75
Form 1 -1
1981 1980
$ (83,291) $ (55,119)
5,828 -
$ (77,463) $ (55,119)
$ - $ 28,172
13,000 -
$ 13,000 $ 28,172
$ (90,463) $ (83,291)
#NNUAL FINANCIAL REPORT
Form 1 -2
WATER UTILITY FUND
COMPARATIVE STATEMENT.OF REVENUES AND EXPENSES
Years Ended December 31, 1981 and 1980
1981 1980
Operating Revenues:
Water sales
$
696,913
$
590,904
Hydrant rental
500
500
Meter sales (less cost of sales)
759
649
Customer service
1,891
918
Penalties
8,337
6,543
Total Operating Revenue
$
708,400
$-599,514
Operating Expenses:
Source of supply
$
438,397
$
371,097
Distribution:
Personal services
134,465
122,998
Other services and charges
32,180
34,047
Supplies
.17,485
22,424
Administration & General:
Personal services
17,768
15,003
Other services and charges
1+,473
8,924
Supplies
122
1,095
Total Operating Expenses
$
654,890
$
575,588
Operating Income Before Depreciation
$
53,510
$
23,926
Less: Depreciation -- Form 1 -4
43,470
43,586
Operating Income (Loss)
$
10,040
$
(19,660)
Nonoperating Revenues (Expenses):
Interest earnings - Trust Fund
$
7,012
$
7,681
Certification delinquent utility bills
-
906
Miscellaneous
627
79
Interest expense
(1,851)
(2,178)
Total
$
5,788
$
6,488
Net Income (Loss) before transfers
$
15,828
$
(13,172)
Transfer to Debt Service Funds - City Garage
10,000
15,000
Net Income (Loss) - Form 1 -1
$
5,828
$
(28,172)
CITY OF :COLUMBIA NEIGNTS, MINNESOTA ✓ #NNUAL FINANCIAL REPORT
76
WATER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1981 and 1980
Source of Working Capital:
Operations:
Net income (loss) -- Form 1 -2
Items not requiring (providing) working capital:
Depreciation -- Form 1-4
Total Sources of Working Capital
Uses of Working Capital:
Transfer to Central Garage
Acquisition of property and equipment -- Form 1-4
Reduction in amount due to other funds
Total Uses of Working Capital
Net Increase (Decrease) in Working Capital
Form 1 -3
1981 1980
$ 5,828 $ (28,172)
43,470 43,586
$ 49,298 $ 15,414
$ 13,000 $ -
3,302 2,885
14,300 11,550
$ 30,602 $ 14,435
$ 18,696 $ 979
Elements of Net Increase (Decrease) in Working Capital:
Cash $ 0656) $ (2,294)
.I.nvestments (1.5,000) (28,000)
Accounts receivable 29,405 48,227
Inventory 1,325 (601)
Accounts payable (33,255) (329)
Accrued expenses (1,518) 984
Due to other governmental units 41,145 (15,908)
Due to other funds (2,750) (1,100)
Net Increase (Decrease) in Working Capital
.CITY OF COLUMBIA NEIGHTS, MINNESOTA
77
$ 18,696 $ 979
OIINUAL FINANCIAL REPORT
WATER UTILITY FUND
SCHEDULE OF PROPERTY, EQUIPMENT AND
ACCUMULATED DEPRECIATION
Year Ended December 31, 1981
Land
Buildings
Improvements other than buildings
Machinery and equipment
Office furniture and equipment
Grand Totals
I CITY OF COLUMBIA NEI&NTS, MINNESOTA
Property and Equipment
Balances Balances
1 -1 -81 Additions Transfers 12 -31 -81
$ 45,223 $ - $ - $ 45,223
210,987 - - 210,987
2,160,892 1,313 2,162,205
104,494 1,989 - 106,483
2,828 - - 2,828
$2,524,424 $ 3,302 $ - $ 2,527,726
(Form 1 -3) (Form-IT-
78-
RIINUAL FINANCIAL REPORT ''
Accumulated Depreciation
Balances Depreciation Balances
1 -1 -81 Taken Deductions 12 -31 -81
42,224 6,790
804,402 30,424
81,795 6,183
2,460 73
$ 930;881 $ 43,470
(Form 1 -2)
- 49,014
- 834,826
- 87,978
- 2,533
S - $ 974,351
(Form I)
[.CITY OF COLUMBIA HEIGHTS, MINNESOTA
V/
79
Form 1-4
Net Assets
W1ue
$ 45,223
161,973
1,327,379
18,505
295
$ 1,553,375
(Form I
RNNUAL FINANCIAL REPORT
Form J
SEWER UTILITY FUND
COMPARATIVE BALANCE SHEET
December 31, 1981 and 1980
1981 1980
ASSETS
Current Assets:
Cash - Treasurer's balance $ 2,770 $ 2,689
Investments, at cost 251,450 22,450
Accounts receivable:
Unbilled services 111,619 101,240
Due from Metropolitan Waste Control Commission
operating cost adjustment 1980 and 1979 - 33,541
Total Current Assets $ 365,839 $ 159,920
Deferred Assets:
Due from Metropolitan Waste Control Commission:
Reserve capacity $ 31,128 $ 32,630
Interceptor acquisition contract 292,518 302,683
Total Deferred Assets $ 323,646 $ 335,313
Property and Equipment:
Land
Buildings
Improvements other
Machinery and equi
Total
Less: Accumulated
$ 36,586 $ 36,586
24,308 24,308
than buildings 2',318,139 2,304,111
Pment 177,818 177,192
$2,556,851 $2,542,197
depreciation 1,070,907 1,013,842
Net Property and Equipment -- Form J -5 $1,485,944 $1,528,355
Total Assets $2,175,429 $2,023,588
LIABILITIES; CONTRIBUTIONS, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable $ 8,180 $ 706
Accrued salaries and fringe payable 2,803 2,816
Due to other governmental units 111,059 53,821
Total Current Liabilities $ 122,042 $ 57,343
Deferred Credits:
Revaluation gain:
Interceptor acquisition by Metropolitan Waste
Control Commission
$ 292,518
$ 302,683
Contributions from Customers
$1,891,128
$1,891,128
Retained Earnings Unreserved (deficit) -- Form J -1
$ (130,259)
$ (.227,566)
Total Liabilities, Contributions, and Retained
Earnings
$2,175,429
$2,023,588
CITY OF COLUMBIA NEIGNTS, MINNESOTA ��
80
RNNUAL FINANCIAL REPORT
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN RETAINED EARNINGS
Years Ended December 31, 1981 and 1980
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
Transfer to Central Garage Fund
Total Deductions
Retained Earnings (deficit) at end of year
.CITY OF COLUMBIA NEIGNTS, MINNESOTA 1`/
81 _
Form 4 -1
1981 1980
$ (227,566) $ (204,527)
110,307 -
$ (117,259) $ (204,527)
$ - $ 23,039
13,000 -
$ 13,000 $ 23,039
$ (130,259) $ (227,566)
ANNUAL FINANCIAL REPORT
Form J -3
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF REVENUES AND EXPENSES
Years Ended December 31, 1981 and 1980
i
CITY OF COLUMBIA NEIGNTS, MINNESOTA 82 ANNUAL FINANCIAL REPORT
1981
1980
Operating Revenues:
Sewer service charges - general customers
and interdepartmental
$
730,131
$
562,398
Refunds and Reimbursements:
Metropolitan Waste Control Commission:
Interceptor maintenance
2,645
2,886
S.A.C. charge refund
530
170
Total Operating Revenues
$
733,306
$
565,454
Operating Expenses:
Disposal - Metro Waste Control Commission
$
443,683
$
345,492
Deduct experience adjustment for prior years
Net Disposal Charges.
(63,901)
379,782
(33,541)
311,951
Collections:
Personal services
103,350
123,431
Other services and charges
27,582
29,059
Supplies
24,237
19,479
Administration:
Personal services
19,544
16,704
Other services and charges
14,190
6,557
Supplies
81
1, 098
Total Operating Expenses
$
568,766
$
508,279
Operating Income Before Depreciation
$
164,540
$
57,175
Less: Depreciation -- Form J -5
57,065
57,438
Operating Income (Loss)
$
107,475
$
(263)
Nonoperating Revenues (Expenses:
Interest earnings
$
14,643
$
360
Metro Waste Control Commission
Interest on deferred current value credit
12,107
12,498
Interest on reserve capacity deferred charges
889
970
Other income
193
41
Easement
-
(1,125)
Interest expense
-
(5,520)
Total
T-2-7,'9-32
$
7 224
Net Income before transfers
135,307
$ 6:961
Transfers to:
Debt Service Funds - City Garage
$
10,000
$
15,000
Debt Service Funds - Storm Sewer
15,000
15,000
Net Income (Loss) - Form J -1
$
110,307
$
(23,039)
i
CITY OF COLUMBIA NEIGNTS, MINNESOTA 82 ANNUAL FINANCIAL REPORT
Form J -4
SEWER UTILITY FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1981 and 1980
1981 1980
Source of Working Capital:
Operations:
Net income (loss) - Form J -3 $ 110,307 $ (23,039)
Items not requiring (providing) working capital:
Depreciation - Form J -5 57,065 57,438
Working Capital Provided from Operations $ 167 372 $ 34,399
Metropolitan Waste Control Commission:
Decrease in long -term contract receivable $ 10065- $ 9,774
Decrease In deferred receivable - Reserve Capacity
charge 1,502_, 1,323
Total Metropolitan Waste Control Commission
$
11,667
$
11,097
Contributions from customers
$
-
$
4,813
Total Sources of Working Capital
$
179,039
$
50,309
Uses of Working Capital:
Decrease in deferred credit - revaluation
gain on sale of fixed assets
$
10,165
$
9,774
Transfer to Central Garage Fund
13,000
-
Additions to property and equipment -- Form J -5
14,654
10,996
Total Uses of Working Capital
$
37,819
$
20,770
Net Increase in Working Capital
$
141,220
$
29,539
Elements of Net Increase (Decrease) in Working Capital:
Cash
Investments
Accounts receivable
Accounts payable
Due to Bonds of 1976 Fund
Due from /to Metro Waste Control Commission
Net Increase in Working Capital
[CITY OF COLUMBIA NEIGNTS, MINNESOTA 83
$ 81 $ (8,553)
229,000 15,000
10,379 16,968
(64,699) (94)
44,000
(33,541) (37,782)
$ 141,220 $ 29,539
&NNUAL FINANCIAL REPORT
SEWER UTILITY FUND
SCHEDULE OF PROPERTY, EQUIPMENT AND
ACCUMULATED DEPRECIATION
Year Ended December 31, 1981
i
.CITY OF COLUMBIA NEIGNTS, MINNESOTA
84
#NNUAL FINANCIAL KPORT
Property and Equipment
Balances
Balances
1-1 -81
Additions Transfers
12 -31 -81
Land
$ 36,586
$ - $ -
$ 36,586
Buildings
24,308
- -
24,308
Improvements other than buildings
2,304,111
14,028 -
2,318,139
Machinery and equipment
175,630
626 -
176,256
Office furniture and equipment
1,562
- -
1,562
Grand Total
$2,542,197
$ 14,654 $ -
$2,556,851.
Form J -4
Form J')
i
.CITY OF COLUMBIA NEIGNTS, MINNESOTA
84
#NNUAL FINANCIAL KPORT
Accumulated Depreciation
Balances Depreciation Balances
1 -1-81 Taken Deductions 12 -31-81
8,042 610 - 8,652
873,757 47,437 - 921,194
130,745 8,955 - 139,700
11298 63 - 1,361
$1,013,842 $ 57,065 $ - $`1,070,907
(Form J -3 Form J
.CITY OF COLUMBIA NEIGNTS, MINNESOTA
85 ..
Form J -5
Net Assets
Value
$ 36,586
15,656
1,396,945
36,556
201
$1,485,944
Form J
ANNUAL FINANCIAL KPORT
SEWER UTILITY FUND
STATEMENT OF CHANGES IN CUSTOMER'S CONTRIBUTION
Year Ended December 31, 1981
Balance at beginning of year
Add:
Property and equipment provided by special
assessments during 1981
Balance at end of year
CITY OF COLUMBIA NEI6NTS, MINNESOTA 86
Fund J -2
$ 1,891,128
$ 1,891,128
ANNUAL FINANCIAL REPORT
HE CITx OF COLUM IA HEIGHTS, MINNESOTA
NNUA TINABECEMBER CIAL KEPQRT
EAR kNDED 51, 19$1
INTERNAL SERVICE FUND
The Central Garage Fund is a self sustaining fund providing service
to other departments within the city and for which user fees are
paid by the using department. This fund was established in 1977.
TABLE OF CONTENTS
Page
Central Garage Fund:
Balance Sheet
Form
K
87
Statement of Revenues, Expenses, and
Changes in Retained Earnings
Form
K -1
88
Statement of Changes in Financial
Position
Form
K -2
89
Schedule of Property, Equipment and
Accumulated Depreciation
Form
K -3
9p
Form K
CENTRAL GARAGE FUND
COMPARATIVE BALANCE SHEET
December 31, 1981 and 1980
CITY OF COLUMBIA NEI6NTS, MINNESOTA 7 #NNUAL FINANCIAL REPORT
1981
1980
ASSETS
Current Assets:
Cash - Treasurer's balance
$
1,505
$
1,646
Investments, at cost
39,000
6,000
Accounts receivable
150
-
Inventory, at cost
53,456
48,164
Total Current Assets
$
94,111
$
55,810
Property and Equipment:
Office furniture and equipment
$
741
$
741
Machinery and equipment
Total
65 315
63,912
,056
$
Less: Accumulated depreciation
44,660
39,768
Net Property and Equipment -- Form 3
$
21,396
$
24,885
Total Assets
$
115,507
$
80,695
LIABILITIES, CONTRIBUTIONS, AND RETAINED EARNINGS
Current Liabilities:
Accounts payable
$
2,371
$
4,172
Accrued salaries payable
1,548
1,834
Accrued social security /P.E.R.A.
218
412
Total Current Liabilities
$
4,137
$
6,418
Fund Equity:
Contributed - other city funds
$
94,653
$
94,653
Retained earnings (deficit)
Reserved for improvements
$
26,000
$
-
Unreserved
Total Retained Earnings
(9,283)
16,717
(20,376)
$
20,376)
Total Fund Equity
$
111,370
$
74,277
Total Liabilities and Fund Equity
$
115,507
$
80,695
CITY OF COLUMBIA NEI6NTS, MINNESOTA 7 #NNUAL FINANCIAL REPORT
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
Years Ended December 31, 1981 and 1980
Billing to Departments
Operating Expense:
Mechanics labor
Other services and charges
Supplies
Contractural services
Total Operating Expense
Operating Income before depreciation
Less: Depreciation -- Form K -3
Operating Income
Nonoperating Revenues (Expenses):
Sale of materials
Interest Income
Interest expense
Total
Net Income
Retained Earnings (deficit) at beginning of year
Transfers from Enterprise Funds
Retained Earnings (deficit) at end of year
[CITY OF COLUMBIA MEIGNTS, MINNESOTA
88 —
Form K -1
1981 1980
$ 127,393 $ 136,884
$ 76,512 $% 82,128
24,184 22,203
8,052 11,378
5,222 6,651
$ 113,970 $ 122,360
$ 13,423 $ 14,524
4,892 4,929
$ 8,531 $ 9,595
$ 1,004 $ 567
1558 -
- (720)
$ 2,562 $ (153)
$ 11,093 $ 9,442
(20,376) (29,818)
26,000 -
$ 16,717 $ (20,,376)
ONNUAL FINANCIAL REPORT
CENTRAL GARAGE FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Years Ended December 31, 1981 and 1980
Sources of Working Capital:
Operations:
Net income -- Form K -1
Items not requiring (providing) working capital:
Depreciation -- Form K -3
Working Capital Provided by Operations
Transfers from other funds
Total Sources of Working Capital
Uses of Working Capital:
Acquisition of property and equipment -- Form K -3
Total Uses of Working Capital
Net Increase in Working Capital
Elements of Net Increase in Working Capital:
Cash
Investments
Accounts receivable
Inventory
Accounts payable
Due to other funds
Net Increase in Working Capital
Form K -2
1981 1980
$ 11,093 $ 9,442
4,892 4,929
$ 15,985 $ 14,371
26,000 -
$ 41,985 $ 14,371
$ 1,403 $ -
$ 1,403 $ -
$ 40,582 $ 14,371
$ (141) $ (4,947)
33,000 6,000
150 (19)
5,292 5,193
2,281 144
8,000
$ 40,582 $ 14,371
L/
CITY OF COLUMBIA NEI6NTS, MINNESOTA 89 ANNUAL. FINANCIAL REPORT
i
Form K -3
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CITY OF M
COLU BIA NEIGNTSI MINNESOTA
9p
ANNUAL FINANCIAL REPORT
JHE CITX OF COLUMBIA HEIGHTS, MINNESOTA
N NUA TINA�ICIAL KEPQRT
EAR tNDED LECEMBER S1, 1931
GENERIL FIRED ASSETS
GROUP OF ICCOUNTS
TABLE OF CONTENTS
Statement of General Fixed Assets Form L
P_ age
91
STATEMENT OF GENERAL FIXED ASSETS
December 31, 1981
General Fixed Assets:.
Land
Buildings
Improvements other than buildings
Office furniture and equipment
Machinery and equipment
Construction in progress
Total - Form A
Investment in General Fixed Assets:
General obligation bonds:
Library bonds of 1966
Municipal building bonds of 1959
Park bonds of 1962
City garage bonds of 1972
Capital improvement bonds of 1976
Total General Obligation bonds
Grants:
Federal E.D.A. and H.U.D.
State
Total Grants
Revenue Sharing:
Federal
Anoka County
Total Revenue Sharing
Balance from current revenues and contributions
Total Investments in General Fixed Assets
LCITY OF COLUMBIA NEIGNTS, MINNESOTA
J
91
Fo rm L
$ 3,025,100
2,672,299
200,330
624,817
943,563
769,870
$ 8,235,979
$ 90,000
150,000
325,000
510,000
929,475
$ 2,004,475
$ 526,290
267,203
$ 793,493
$ 1,186,035
51,550
$ 1,237,585
$ 4,200,426
$8,235,979
RNNUAL FINANCIAL REPORT
HE CITX OF COLUM IA HEIGHTS, MINNESOTA
NNUA A�VCIAL KEPORT
EAR � 11 ECEMBER 31, 1931
GENERIL LONG-TER11 DEBT
CROUP OF 4CCOUNTS
TABLE OF CONTENTS
Page
Statement of General Long-Term Debt Form M 92
Schedule of Funding Available and Funds
Required Form M -1 93
Schedule of Debt Service Requirements to
Maturity Form M -2 94
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1981
AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE
PAYMENT OF GENERAL LONG -TERM DEBT
Amount available in debt service funds
Amount to be provided by future tax levies
Total Available and to be Provided
GENERAL LONG-TERM DEBT PAYABLE
Fo rm M
$ 928,749
7,971,251
$ 81900,000
General obligation bonds payable $ 8,900,000
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 $5,000 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.
V/
.CITY Of .COLUMBIA •EIGHTS, MINNESOTA 92 ANNUAL FINANCIAL REPORT
SCHEDULE OF FUNDING AVAILABLE
AND FUNDS REQUIRED
December 31, 1981
Form M -1
Total
Cash, Investments, and Receivables $ 928,749
Deferred Tax Levies
Levy /Payable Years:
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
1,047,843
1990/91
1,064,648
1991/92
1,077,248
1992/93
1,059,398
1.993/94
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 $18,662,825
FUNDING AVAILABLE $19,591,574
Bonds /Future Interest Payable
Bonds $ 8,900,000
Future interest 9,407,582
FUNDS REQUIRED $18307,582
BALANCE $_11283,992
CITY OF COLUMBIA NEICNTS, MINNESOTA 93 MNUAI FINANCIAL REPORT
SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
CITY OF COLUMBIA NEIGNTS, MINNESOTA
Form M -2
General
Obl icaation Bonds
Principal
Interest
$ 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
$8,900,000
$9,407,582
ANNUAL FINANCIAL KPORT
HE CITX OF COLUMBIA HEIGHTS, MINNESOTA
NNUAINA�ICIAL EPQRT
iNDrED ER LECEMBER 31, 1981
STATISTICAL SECTION
TABLE OF CONTENTS
Page
Assessed Value and Market Value
of all Taxable Property
Table
1
95-96
Tax Rates
Table
11
97
City Tax Levy
Table
111
98
Tax Levies and Tax Collections
Table
IV
99 -100
Special Assessment Collections
Table
V
99-100
Revenues - Other than Property Taxes and
Special Assessments
Table
VI
101
Expenditures for Selected Functions
Table
VII
101
Statement of Legal Debt Margin
Table
VIII
102
Combining Schedule of Bonds Payable
Table
IX
103 -106
Schedule of Investments
Table
X
107 -108
Schedule of Insurance in` Force
Table
XI
109-110
Principal City Officials and Surety
Bonds
Table
X11
111
Miscellaneious Statistical Facts
Table
XIII
112-113
ASSESSED VALUE AND MARKET VALUE
OF ALL TAXABLE PROPERTY
LEVY YEARS 1973 THROUGH 1981
(1) 1975 and subsequent, property values include net amount allocated
pursuant to the "fiscal disparities law ", Laws 1971 Extra Session.
Chapter 24, from area -wide (metropolitan) "pool ".
CITY OF COLUMBIA NEIGHTS, MINNESOTA
i
NA
95 ANNUAL FI NCIAL RETORT
1973
1974
1975 (1)
1976
Population
24,079
23,503
23,316
22,324
Real Property
Assessed Value
$
56,287,399
$
57,049,639
$
62,748,967
$
67,746,917
Area -wide allocation:
Contribution
$
(850,697)
$
(850,697)
Distribution
$
2,619f939
$
2,355,131
Market Value
$
162,253,840
$
164,040,324
$
181,360,401
$
198,140,355
Personal Property
Assessed Value
$
1,278,820
$
1,294,472
$
1,230,101
$
1,220,899
Market - commercial
$
2,973,256
$
3,010,400
$
2,860,700
$
2,839,300
Total Real and Per-
sonal Property
Assessed Value
$
57,566,219
$
58,344,111
$
65,748,310
$
70,472,250
Market Value
$
165,227,096
$
167,050,724
$
184,22.1;101
$
200,979,655
Ratio of Total Assess-
ed Value to Total
Market Value
:3484
:3492
:3569
:3506
Per Capita Valuations
Assessed Value
$
2,391
$
2,482
$
2,820
$
3,157
Market Value
$
6,862
$
7,108
$
7,901
$
9,003
(1) 1975 and subsequent, property values include net amount allocated
pursuant to the "fiscal disparities law ", Laws 1971 Extra Session.
Chapter 24, from area -wide (metropolitan) "pool ".
CITY OF COLUMBIA NEIGHTS, MINNESOTA
i
NA
95 ANNUAL FI NCIAL RETORT
1977
21,890
$ 68,981,490
$ (1,085,236)
2,641,684
$ 219,125,884
$ 1,213,202
$ 2,821,400
$ 71,751,140
$ 221,947,284
1978
21,300
$ 71,601,406
$ (1,491,381)
3,311,002
$ 248,901,043
$ 1,221,501
$ 2,840,700
$ 74,642,528
$ 251,741,743
1979
21,270
$ 73,741,181
$ (1,840,970)
4,062,894
$ 288,414,300
$ 1,218,792
$ 2,834,400
$ 77,181,897
$ 291,248,700
1980
.20,029
$ 85,721,087
$ (2,000,000)
4,383,409
$ 355,767,800
$ 1,295,504
$ 3,012,800
Table I
1981
19,800
$ '969391,052
$ (3,908,286)
8,183,307
$ 399,395,650
$ 1,344,094
$ 3,125,800
$ 89,400,000 $ 102,010,167
$ 358,780,600
$ 402,521,450
:3233 :2965 :2650 :2548 2534
$ 3,279
$
3,504
$ 10,139
$
11,819
I CITY OF COLUMBIA NEIGNTS, MINNESOTA
$ 3,629
$ 13,693
i
96
$ 4,563
$ 17,913
S 5,152
$ 20,329
ANNUAL FINANCIAL KPORT
Table II
TAX
RATES
YEARS 1972
THROUGH 1981
Fiscal
Metro
Year
City
School
County
Council
Other (B)
Total
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
95.57
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
1'979
21.847
45.036
21.913
2.913
•923,
92.632
1980
21.101
46.727
23.349
2.990
.839
95.006
1981
18.153
41.483
25.005
3.832
•771
89.224
(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 NEIGNTS,
MINNESOTA
97
ANNUAL FINANCIAL REPORT
Table III
CITY TAX LEVY
YEARS 1972 THROUGH 1981
(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 98
ANNUAL FINANCIAL KPORT
City
Bonds
Fiscal
Levy
General
Police
Fire
Civil
and
Year
Total
Fund
Relief
Relief
Defense
(B) Interest
Other (A)
1972
$ 1,105,517
$ 846,967
$ 50,000
$ 30,000
$ 11,000
$ 152,550
$ 15,000
1973
1,120,000
874,115
67,000
36,085
10,600
117,200
15,000
1974
1,156,540
899,045
67,000
42,700
17,000
115,795
15,000
1975
1,331,715
1,101,925
65,850
46,000
4,000
113,940
1976
1,429,510
896,270
66,000
47,000
20,240
300,000
100,000
1977
1,441,044
1,069,044
66,300
47,000
35,700
223,000
1978
1,583,156
1,188,556
78,500
47,000
8,600
260,500
1979
1,631,608
1,261,108
78,500
47,000
245,000
1980
1,631,608
1,151,808
104,000
85,800
290,000
1981
1,631,608
1,245,108
64,500
47,000
275,000
(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 98
ANNUAL FINANCIAL KPORT
TAX LEVIES AND TAX COLLECTIONS
Years 1974 Through 1981
* 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 V1.
SPECIAL ASSESSMENT COLLECTIONS
Years 1975 Through 1980
Collections
Percentage
Collection
Current Special
Current Collected
of Current
of Levy
of Prior
During Fiscal
Period
During Fiscal Period
Years Taxes
Collected
Year's Taxes
Year
Total Tax
During Fiscal
During Fiscal
During Fiscal
Total
Collected
Levy
Period
Period
Period
Collections
1974
$ 874,954 $
863,795
98.7
$ 10,136
$ 873,931
1975
1,022,810
995,242
97.3
16,563
1,011,805
1976
1,139,240
1,117,070
98.0
18,377
1,135,447
1977
1,136,825
1,123,704
98.8
22,470
1,146,174
1978
1,220,013
1,186,640
97.3
16,687
1,203,327
1979
1,253,698
1,236,676
98.6
20,648
1,257,324
1980
1,150,273
1,122,161
97.6
21,268
1,143,429
1981
1,090,455
1,074,134
98.5
39,938
1,114,072
* 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 V1.
SPECIAL ASSESSMENT COLLECTIONS
Years 1975 Through 1980
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 HEIGHTS, MINNESOTA 99
99
ANNUAL FINANCIAL KPORT
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%
1981
190,708
102,985
54.0%
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 HEIGHTS, MINNESOTA 99
99
ANNUAL FINANCIAL KPORT
Table IV
Delinquent Specials
Collected During
Fiscal Period (A)
$ 71,642
67,434
65,345
46,218
43,693
41,215
70,016
Total Special
Assessments Delinquent
At End of Fiscal Period
$ 116,642
111,221
98,553
66,142
71,605
87,512
111,314
Table V
Deferred Special Assessments
Collected
Balance Fund
Ratio
of Fiscal Period
Accumulated
Ratio
206,197
Delinquent
Of Total
Accumulated
Taxes to
Collections
Delinquent
Current Year
To Tax Levy
Taxes
Tax Levy
.9988:1
$ 56,751
.0648:1
.9892:1
66,224
.0647:1
.9965:1
70,606
.0619:1.
1.0082:1
59,211
.0520:1
.9863.:1
64,287
.0527:1
1.0029:1
31,977
.0255:1
.9940:1
18,864
.0163:1
1.0217:1
25,547
.0234:1
Delinquent Specials
Collected During
Fiscal Period (A)
$ 71,642
67,434
65,345
46,218
43,693
41,215
70,016
Total Special
Assessments Delinquent
At End of Fiscal Period
$ 116,642
111,221
98,553
66,142
71,605
87,512
111,314
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
287,194
509,999
(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 NEIGHTS, MINNESOTA �
100 0
ANNUAL FINANCIAL KPORT
Table VI
Table VII
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1972 through 1981
Fiscal
General
REVENUES-
OTHER THAN PROPERTY TAXES
Parks and
Year
AND
SPECIAL ASSESSMENTS
Works
Sanitation
Library
Recreation
Years 1972 Through
1981
$ 605,120
$ 357,901
$ 196,700
$ 75,500
$ 333,047
Charges for
Licenses
685,606
(A)
Fiacal
Revenues From Use
of Money
Service and
and
Fines and
Profits of
Year
Other Agencies and
Property
Other Revenue
Permits
Forfeitures
Proprietaries
224,569
147,851
463,877
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
1981
2,857,636
966,078
997,236
104,027
67,301
835,981
(A)
The years 1972-77
do not include depreciation
for Sewer
and Water
Funds.
Table VII
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1972 through 1981
Fiscal
General
Public
Public
Parks and
Year
Government
Safety
Works
Sanitation
Library
Recreation
1972
$ 226,527
$ 605,120
$ 357,901
$ 196,700
$ 75,500
$ 333,047
1973
353,833
685,606
391,057
186,850
77,300
369,402
1974
311,850
698,704
432,422
208,752
82,500
420,323
1975
310,540
860,723
457,316
224,569
147,851
463,877
1976
374,191
875,714
511,377
227,055
103,280
512,066
1977
406,864
981,059
577,072
233,598
109,635
537,332
1978
424,527
1,070,279
606,541
246,957
121,968
676,027
1979
460,152
1,160,243
515,417
255,693
143,018
547,525
1980
516,593
1,315,826
566,643
268,793
163,801
622,154
1981
538,618
1,380,692
576,754
336,997
188,440
652,611
I CITY Of COLUMBIA NEIGNTS, MINNESOTA
J
101
+ANNUAL FINANCIAL KPORT
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1981
Assessed Value
Debt Limit 6.67% of Assessed Value (Note A)
Amount of Debt Limit Applicable to Debt Limit:
Total bonded debt
Less Note B:
Tax increment $ 8,175,000
Special Assessment Bonds 5,000
Total Debt Applicable to Debt Limit
Legal Debt Margin
$ 8,905,000
8,180,000
Table VIII
$102,010,167 *
6,804,078
725,000
$ 6,079,078
Note (A):
M.S.A. Section 475.53 (Limit on Net Debt)
"Subdivision 1. Generally. Except as other wise 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) Warrents 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
L�-/
102
ANNUAL FINANCIAL REPORT
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1981
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 4.30% 1/1 -7/1
Total P.I.R. Bonds of 1972
GENERAL OBLIGATION BONDS:
Storm Sewer Bonds of 1965
All Callable after January 1, 1980 in 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
Non- Callable 4.30% 1/1 -7/1
10 -1 -65 1 -1 -85
7 -1-72 1 -1 -83
Total City Garage Bonds of 1972
Capital Improvement Bonds of 1976 4-1 -76
Non - Callable 4.45% 4/1 -10/1
4.6o%
Total Capital Improvement Bonds of 1.976
10 -1 -83
CITY Of, COLOMBIA MEICNTS, MINNESOTA 103 MNUAL FINANCIAL KPORT
Annual
Authorized
Serial
and
Payments
Issued
$ - $ 450,000
5,000 (82) 5,000
$ 456,000
$ -
Matured
$
540,000`;
105,000
(82)
450,000 i
105,000
130,000
(83)
-
130,000;
140,000
(84)
$
140,000,
$
5,000
$ 915,000
$ -
540,000
$
450,000
60,000
(82)
$
60,000
-
$
510,000
$ -
-
$
730,000
175,000
(82)
54o,000
175,000
115,000
(83)
450,000
115,000
-
-
r
60,000
$
1,020,000
L
CITY OF COLUMBIA MEIGNTS, NINNJ ESOTA 104
Table IX
MNUAL FINANCIAL KPORT
Matured
Outstanding
$
450,000 i
$
-
-
5,000
$
450,000
$
5,000
$
540,000
$
-
$
-
$
105,000
-
130,000
-
140,000
$
54o,000
$
375,000
$
450,000
$
-
-
60,000
$
450,000.
$
60,000
$
730,000
$
-
-
175,000
-
115,000
$
730,000
$
290,000
��t
�l
MNUAL FINANCIAL KPORT
COMBINED SCHEDULE OF BONDS PAYABLE (Continued)
December 31, 1981
Total Tax Increment Bonds of 1980
Total General Obligation Bonds
Total Bonds Payable - All Funds
CITY OF COLUMBIA MEIGNTS, MINNESOTA 1J ANNUAL FINANCIAL KPORT
Interest
Final
Rates and Issue
Maturity
Dates Date
Date
GENERAL OBLIGATION BONDS (Continued):
Tax Increment Bonds of 1980
9 -1 -80
3 -1-02
Bonds maturing in 1991 and later
8.00 °b 3/1 -9/1
years will be subject to redemp -
8.00
tion and prepayment at the option
8.00
of the City in inverse order of
8.00
serial numbers on March 1, 1990.
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
Total Tax Increment Bonds of 1980
Total General Obligation Bonds
Total Bonds Payable - All Funds
CITY OF COLUMBIA MEIGNTS, MINNESOTA 1J ANNUAL FINANCIAL KPORT
Annual Authorized
Serial and
Payments Issued
$ 8,175,000
CITY OF COLUMBIA NEIGNTS, MINNESOTA
Table IX
Matured Outstanding
10,000
10,000
140,000
190,000
250,000
300,000
350,000
425,000
475,000
525,000
550,000
650,000
700,000
700,000
700,000
700,000
700,000
700,000
100,000
$ 8,175,000
$ 8,900,000
$ 8,905,000
106
ANNUAL FINANCIAL REPORT
(82)
10,000
(83)
10,000
10,000
(84)
10,000
(85)
140,000
(86)
14o,000
190,000
(87)
190,000
250,000
(88)
250,000
300,000
(89)
300,000
350,000
(90)
350,000
425,000
(91)
425,000
475,000
(92)
475,000
525,000
(93)
525,000
550,000
(94)
550,000
650,000
(95)
650,000
700,000
(96)
700,000
700,000
(97)
700,000
700,000
(98)
700,000
700,000
(99)
700,000
700,000
(00)
700,000
700,000
(01)
700,000
100,000
(02)
100,000
$ 8,175,000
CITY OF COLUMBIA NEIGNTS, MINNESOTA
Table IX
Matured Outstanding
10,000
10,000
140,000
190,000
250,000
300,000
350,000
425,000
475,000
525,000
550,000
650,000
700,000
700,000
700,000
700,000
700,000
700,000
100,000
$ 8,175,000
$ 8,900,000
$ 8,905,000
106
ANNUAL FINANCIAL REPORT
SCHEDULE OF INVESTMENTS
December 31, 1981
CITY OF COLUMBIA MEIGNTS, MINNESOTA 107
ANNUAL FINANCIAL REPORT
Date
Maturity
Par
Yield
Acquired
Date
Value
Federal National Mortgage Association
11.97
9 -16 -80
4 -12 -82 $
300,000
Certificate of Deposit
- N.E. State Bank
10.875
11 -30 -81
1 -12 -82
400,000
Certificate of Deposit
- N.E. State Bank
12.375
12 -28 -81
12 -28 -82
385,000
Repurchase Agreement
11.125
12 -30 -81
1 -04 -82
300,000
Certificate of Deposit -
N.E. State Bank
12.175
12 -21 -81
1 -21 -82
165,000
Certificate of Deposit -
N.E. State Bank
12.175
12 -22 -81
1 -22 -32
500,000
Ginny Mae
7.58
3 -23 -77
3 -01 -06
189,944
U.S. Treasury Note
8.32
6 -12 -80
5 -31 -82
150,000
U.S. Treasury Note
8.92
7 -03 -80
6 -30 -82
300,000
U.S. Treasury Note
9.20
6 -30 -80
6 -30 -84
100,000
U.S. Treasury Note
8.95
11 -02 -81
8 -15-85
500,000
Repurchase Agreement
13.875
11 -02 -81
1 -28 -82
700,000
Repurchase Agreement
11.875
12 -28 -81
1 -08 -82
100,000
Repurchase Agreement
11.125
12 -08 -81
1 -11 -82
328,813
City of Columbia Heights
Storm Sewer Bonds 1965
4.83
10 -01 -69
1 -01 -84
10,000
$4,428,757
CITY OF COLUMBIA MEIGNTS, MINNESOTA 107
ANNUAL FINANCIAL REPORT
Unamortized
Unamortized
Book
Discount
Premium
Value
$ -
$ 1,506
$ 301,506
-
-
400,000
-
-
385,000
-
-
300,000
-
-
165,000
-
-
500,000
-
-
189,944
-
2,019
152,019
1,274
-
298,726
932
-
99,068
-
12,001
512,001
-
-
700,000
-
-
100,000
328,813
2,550
-
7,450
$ 4,756
$ 15,526
$4,439,527
I CITY OF COLUMBIA NEIGNTS, MINNESOTA 108
Table X
Summary By Fund
General Fund -
Form B
$ 349,000
Special Revenue Funds -
Form C
186,000
Debt Service Funds -
Form D
885,000
Capital Projects Funds
-
Form E
1,532,077
Enterprise Funds -
Form G
1,448,450
Central Garage Funds -
Form K
39.000
$ 4,439,527
#NNUAL FINANCIAL REPORT
SCHEDULE OF INSURANCE IN FORCE
December 31, 1981
Policy Period Building
Type of Coverage from to or Structure Contents
All Risk Coverage under the Public and
Institutional Property Policy 1 -1 -81 12 -31 -81
(90% Coinsurance -$500 Deductible)
40th Avenue Liquor Store
University Avenue Liquor Store
(90% Coinsurance -$500 Deductible)
City Hall
Library
City Garage
Liquor Store -40th Avenue
Liquor Store - University Avenue
Community Center
Parks (II)
Well House - LaBelle Park
Band Stand
Bath House - Silver Lake
Warming House-Silver Lake
Lift Stations (3)
Water Tower
Pump Stations (2)
Warehouse- Cement
Warehouse -Metal
Water Meter Vault
Tema House
($100 Deductible)
Personal property consisting of road construction
equipment, maintenance equipment, and other
equipment stored in municipal buildings
($500 Deductible on Police and Fire only)
Personal property consisting of motor vehicles
CITY OF ,,COLUMBIA NEIGHTS, MINNESOTA
U
l09
$ 50,000
70,000
$120,000
$ 1,385,218
$266,200
516,203
222,541
1,381,228
106,480
82,873
8,943
128,058
13,541
706,578
36,608
877,874
2,398
12,575
32,245
42,683
9,680
63,422
275,275
73,939
61,171
39,566
1,463
9,968
8,745
3,993
18,150
$ 5,664,280
$723,338
$991,887
$919,839
MINUAL 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
Comprehensive General Liability
Bodily Injury
Property Damage
Statutory Liquor Legal Liability
Public Official Liability
Policy Period
f rom to
1 -1 -81 12 -31 -81
1 -1 -81 12 -31 -81
1 -1 -81 12 -31 -81
4 -13 -81 4 -13 -82
Table XI
0
$100,000 per accident
Statutory
$300,000
$100,000 $250 Deeizt1bl
$ 50,000
$ 500 deductible
$406,000 Fire
$100/300,000
$100,000
$25%50,000
1 -1 -81 12 -31 -81
$500,000
$500,000
1-1-81 12 -31 -81 $500,000
1 -29 -81 1 -29 -82 $1,000,000
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 NEIQHTS, MINNESOTA
ANNUAL FINANCIAL REPORT
110
►15 -10,
Mayor and Council:
Bruce G. Nawrocki
Kenneth E. Hentges
Gayle R. Norberg
Arden Hovland
Rita M. Petkoff
Administration:
Robert S. Bocwinski
Keith Masuda
William Elrite
Ronald Kalina
Fred Salsbury
George Brown
Mildred Carlson
Stuart Anderson
_Donald Johnson
Max Thomas
Carl Norlander
Martin Gavic
Carl Norlander
Donald Weinand
Allen Carlson
Mitch DeMars
Donald Jolly
Thomas Rejzer
Linda Hansen
PRINCIPLE CITY OFFICIALS
AND SURETY BONDS
Year Ended December 31, 1981
Official title
Mayor
Councilmember
Councilmember
Councilmember
Councilmember
Table X1
Amount of
Surety Bond
City Manager
Administrative Assistant
Acting 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
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.
$ 50,000
$ 50,000
ANNUAL FINANCIAL KPORT
.CITY OF COLUMBIA MEIGNTS, MINNESOTA 111 _ __
MISCELLANEOUS STATISTICAL FACTS
1981
Date of Incorporation
Date of Adoption of City Charter
Form of Government
Fiscal Year Begins
Area of City
Miles of Streets and Alleys:
Trunk Highways
County
City Streets
Alleys
Miles of Sewers:
Storm Sewers
Sanitary Sewers
Watermain Miles
Building Permits:
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Estimated Cost:
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
CITY OF COLUMBIA NEIGNTS, MINNESOTA 112
Table XIII
March 14, 1898
July 21, 1921
Council- Manager
.January 1
3.52 Square Miles
3.0
6.2
61.7
U.
32.7
59.8
65.6
613
518
529
485
608
595
658
687
663
555
644
$ 4,044,282
2,180,740
2,032,525
2,916,519
3,148,524
3,412,415
4,701,644
6,996,678
3,316,115
3,264,460
8,822,479
MINUAL FINANCIAL KPORT
MISCELLANEOUS STATISTICAL FACTS (Continued)
Fire Protection:
Number of Stations
Number of Employees:
Full time
Volunteer
Police Protection:
Number of Stations
Number of Employees
Parks:
City Parks
Playground
County Park
Schools:
Senior High
Junior High
Elementary
Prochial Elementary
Employees: (as of December 31, 1981)
Regular
Part time
Temporary
Elections:
Registered voters - last city general election
Number of voters cast last city general election
Percentage of registered voters voting
Population:
1900
1920
1930
1940
1950
1960
1965 (mid- decade census)
1970 (census)
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981 j
CITY Of COLUMBIA NEI6NTS, MINNESOTA 113
Table XIII
1
24
12
1
1
1
1
3
1
104
53
8
175
12,022
3,563
2,964
123
2,968
5,613
6,035
8,175
17,533
23,283
23,997
24,079
24,079
23,503
23,316
22,324
21,890
21,300
21,270
20,029
19,800
&NNUAL FINANCIAL REPORT