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Home My WebLink About1983 CAFR1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ANNUAL COLUMBIA 590 F I NANCIA L OF THE CITY OF HEIGHTS, MINNESOTA FORTIETH AVENUE REPORT 55421 N. E. FOR THE YEAR ENDING DECEMBER 31, 1983 FINANCE DEPARTMENT WILLIAM ELRITE, 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; 1983 CITY COUNCIL Bruce G. Nawrocki, Mayor Kenneth E. Hentges Councilmember Gayle R. Norberg Councilmember Arden Hovland Councilmember Rita M. Petkoff Councilmember Robert S. Bocwinski William Elrite CITY OF COLUMBIA NEIONTS, MINNESOTA CITY MANAGER Director ANNUAL FINANCIAL REPORT HE CITx OF COLUM IA HEIGHTS, MINNESOTA NNUA TINANCIAL KEPQRT EAR LNDED DECEMBER S1, 1983 TABLE OF CONTENTS Page 1. INTRODUCTORY SECTION Reference Number Administrative Organization Finance Directors Letter of Transmittal 1 -7 Auditors Report 8 11. 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 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Fund Types Form A -5 19 Notes to Financial Statements 20 -30 B. Combining and Individual Fund and Account Group Statements and Schedules General Fund Form B 31 -39 Special Revenue Funds Form C 40 -49 HE CITx OF COLUM IA HEIGHTS, MINNESOTA NNUA tINA CIAL KEP RT EAR kNDED BECEMBER 91, 1983 Debt Service Funds Form D 50 -53 Capital Projects Funds Form E 54-57 Special Assessment Funds Form F 58 -60 Housing & Redevelopment Authority Form G 61 -65 Enterprise Funds: Combining Balance Sheet Form H 66 -67 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings Form I1-1 68 -69 Combining Statement of Changes in Financial Position Form H -2 70 -71 Municipal Liquor Fund Form 1 72 -81 Water Utility Fund Form J 82 -87 Sewer Utility Fund Form K 88 -93 Internal Service Fund: Central Garage Fund Form L 94 -97 Statement of General Fixed Assets Form M 98 Statement of General Long -Term Debt Form N 99 -101 111. STATISTICAL SECTION Assessed Value and Market Value of all Taxable Property Table 1 102 -103 Tax Rates Table II 104 City Tax Levy Table III 105 Tax Levies and Tax Collections Table IV 106 -107 Special Assessment Collections Table V 106 -107 Revenues - Other than Property Taxes and Special Assessments Table VI 108 Expenditures for Selected Functions Table VII, 108 HE CITx OF COLUM IA HEIGHTSo MINNESOTA NNUA tINA CIAL KEPQRT EAR tNDED BECEMBER S1, 1983 Statement of Legal Debt Margin Table V111 109 Combining Schedule of Bonds Payable Table IX 110 -113 Schedule of Investments Table X 114 -115 Schedule of Insurance in Force Table XI 116 -117 Principal City Officials and Surety Bonds Table XII 118 Miscellaneous Statistical Facts Table XIII 119-120 1 1 1 1 1 1 1 1 1 1 1 1 1 'i i DEPARTMENTS . Accounting City Clerk _Elections Utility Billing Collections Liquor No. 2 Off Sale No. 3 Off Sale DIVISIONS Civil Defense \`Regular Reserves Regular Volunteers Reserves FIRE FINANCE Inspections Licenses b Permits ADMINISTRATIV Planning SERVICES Assessing Engineering Streets Water Maintenance Sewer Maintenance Parks - Admin. b Maintenance Central Garage Civil Defense / PUBLIC WORKS LIBRARY GENERAL GOVERNMENT BUILDINGS, CITY OF COLUMBIA NEIGNTS, MINNESOTA LEGAL POLICE CITY MANAGER ADMINISTRATIVE ORGANIZATION CITY OF COLUMBIA HEIGHTS, MINNESOTA HOUSING ANI REDEVELOP MENT AUTHORITY MAYOR COUNCIL MEMBERS RECREATION b COMMUNITY SERVICES COMMISSION ' RECREATION & COMMUNITY/ SERVICES ELECTORS INDEPENDENT SCHOOL DIS- TRICT 113 COMMISSIONS AND BOARDS Planning and Zoning Recreation S Community Services Fork Traffic HRA Library Human Services Police b Fire Civil Service Charter Downtown Development ANNUAL FINANCIAL KPORT M Mr. Robert S. Bocwinski City Manager City of Columbia Heights Dear Mr. Bocwinski: CITY OF COLUMBIA HEIGHTS. The annual financial report of the City of Columbia Heights, Minnesota for the year ended December 31, 1983 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 which incorporates pertinent aspects of Audits of State and Local Govern- mental Units. The report consists of three sections: Section I is the introductory section and contains the Table of Contents, Letter of Transmittal, Admin- istrative organization and Auditors report. Section II is the financial section and contains the general purpose financial statements, notes to financial statements and the combining and individual fund and account group statements and schedules. Section III is the statistical section and contains comparative statistical tables and data having reference value for citizens and investors. ACCOUNTING SYSTEM AND REPORTS The City maintains complete self - balancing account groups for each entity of the City in accordance with the orgainizaiional 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 existence of a particular item or appropriationain the approved budget does not automatically mean that it will or must be spent. The budget process has flexibility in that, where need-has been adequately demonstrated, an adjustment can be' 'Made within the department budget by the City Manager, or between departments and funds by the City Council. Therefore, there is a constant reviewal process and expenditures are not approved until it has been determined that (1) adequate funds were app- ropriated, (2) the expenditure is still necessary and (3) funds are available. FINANCIAL STATEMENTS FOR INDIVIDUAL FUNDS These are indexed in the preceding table of contents. In addition the header for each type of fund provides a description of the basis for establishment of the fund and another table of contents of the financial statements pertaining to the individual fund. Each statement of the General Fund, Special Revenue Funds (where applicable) Enterprise Funds and Internal Services Funds are presented with comparative information to 1982. GENERAL FUND On December 31, 1983, the fund balance of the General Fund totaled $2,142,151 of which $110,054 is designated for the 1984 budget. This leaves an undesignated 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. General Fund Budget Beginning of Year Total of Appropriated and Unappropriated Fund Balance Beginning of Year Estimated and actual revenues for the current year are presented in Form B -2. Revenues received for general government operations totaled $4,269,280 in 1983, an increase of $350,052 over the previous year. The following table presents an analysis of the major revenue sources of the General Fund for 1983 and its change from 1982. CITY OF COLUMBIA NEI6NTS, MINNESOTA E ANNUAL FINANCIAL REPORT J Amount % of Budget 1975 $2,179,705 $ 107,376 4.9% 1976 2,329,365 292,898 12.6 1977 2,549,629 591,399 23.2 1978 2,917,260 863,828 29.6 1979 3,078,785 957,562 31.1 19$0 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 1983 4,245,909 1,734,848 40.9 1984 4,536,850 2,142,151 47.2 Estimated and actual revenues for the current year are presented in Form B -2. Revenues received for general government operations totaled $4,269,280 in 1983, an increase of $350,052 over the previous year. The following table presents an analysis of the major revenue sources of the General Fund for 1983 and its change from 1982. CITY OF COLUMBIA NEI6NTS, MINNESOTA E ANNUAL FINANCIAL REPORT J 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. Since enactment, various amendments to the law have been enacted, but the basic principle remained the same. The following table summarized the City's status in comp "l -ying with the law for 1983 and 1984. 1. 1983 Percent Increase (Decrease) Revenue Source Amount of Total from 1982 $ 5,473 General Property Taxes $ 1,140,816 26.7% $ 90,824 Licenses and Permits 156,410 3.7 7,637 Intergovernmental Revenue 2,059,758 48.2 184,882 Charges for Services 570,647 13.4 19,141 Fines and Forfeits 51,870 1.2 4,797 Miscellaneous Revenue 163,453 3.8 18,374 Expenditure Reimbursements - 41,182 1.0 (24,341) Transfers - In 85,144 2.0 48,738 Totals $ 4,269,280 100.0% $ 350,052 From the above table, it is apparent that the major sources available for funding the general operations is the property tax (26.7 %) and intergovern- mental revenue (48.2 %), 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. Since enactment, various amendments to the law have been enacted, but the basic principle remained the same. The following table summarized the City's status in comp "l -ying with the law for 1983 and 1984. 1. 1983 Levy Limitation $ 1,256,822 -2': 1983 Certified Local Government Aid .$ 1,449,52 3.. Reduction in Attached Machinery Aid $ 5,473 4. Initial 1984 Levy Limit Base (1 +2 +3) 2,711, 19 5. Inflation Adjustment 106.3% 6. Inflation Adjustment 1984 Levy Limit Base (4X5) 2,882,69 7. Adjustment for Growth in Population or Households (Use the larger of the following ratios) Population Households a. 1983 19,560 7,375 b. 1982 19,670 7,359 c. Ration (1983/82) .994 1.002 1.002 8. Population /Household adjusted 1984 Levy Limit Base (.6X7c) ' $ 2,888,429 9• 50% of discontinued 1983 Special Levy M $ 1,874 10. Adjusted 1984 Levy Limit Base (8 +9) 2,890,303 11. 1984 Local Government Aids $ 1,+65,062 12. 1984 Final Levy Limitation (10 -11) $ 1,425,241 ILCITY OF COLUMBIA 'NEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT 3 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 a percentage 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 1981 through-1983 was as fo flows: 1983 City's taxable value: Personal property $ 1,426,869 Real estate 105,913,390 Sub -Total $107,340,T59 Areawide allocation: Contribution to "pool" $ (5,178,793) Distribution from "pool" 12,001,080 Net Increase 6,822 2 7 Combined Value $114,162,546 1982 $ 1,333,301 104,783,933 $106,117,23 $ (4,487,006) 10,544,639 6,05-7-,T3-3 $112,174,867 $ 1,344,094 96,391,052 $ 97,735,146 $ (3,908,286) 8,183,307 $ ,275,021 $102,010,167 Actual taxes received from the fiscal disparities allocation amounted to $179,267 in 1983, $146,150 in 1982, and $118,108 in 1981. This represents a small amount of property tax relief to Columbia Heights taxpayers. It should be remembered that, regardless of how much "new revenue" is received from fiscal disparities, the revenue is part of the tax controlled by the levy limit within which the City must still operate. PROPERTY TAX AND SPECIAL ASSESSMENT COLLECTIONS It is the City's policy to offset any property taxes not received with an equal allowance for uncollectible amounts. Therefore, any delinquent taxes, or unremitted current taxes are not recognized as revenue until received in cash, and are used to finance the budget in the year in which they are received. SPECIAL REVENUE FUNDS The Municipal State -Aid Street Fund was est, tax apportionments from the state which are streets. In 1981 this fund was restated in statement Number-2. Previously revenue was apportionment from the State of Minnesota. is not recorded until it is earned. CITY OF COLUMBIA NEIGHTS, MINNESOTA 4 3blished to receive gasoliDe used to construct state -aid accordance with N.C.G.A. recorded at the time of Under the restatement, revenue ANNUAL FINANCIAL REPORT The Revenue Sharing Fund was established to account for the receipt and expenditure of federal general revenue sharing funds. Revenue Sharing was enacted in 1972, and covered the period from January 1, 1972 to December 31, 1976, Federal amendments to the law have reauthorized appropriations. In 1984 it is estimated that the City will receive $112,668 in revenue sharing payments and $4,500 in interest earnings. The adopted 1984 budget includes $-0- for general operations and $331,195 for capital projects, leaving an estimated fund balance of $11,223 as of December 31, 1984. In 1978 the Recreation Commission was expanded to include a Community Services function. The revised Recreation a'nd 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 1983 revenues of $224,068 exceeded expenditures by $14,667 increasing the fund balance to $49,531. 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, 1983, the general fixed assets of the City thus far recorded amount to $8,150,975. 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- congnized, as it customary in municipal accounting, in the City's accounting system, but depreciation of assets is recognized in the proprietary funds for rate setting purposes, etc.' An appraisal of buildings, structures and equipment (excluding vehicles for which the City had cost information) was accomplished in 1979. These values plus the original assessed cost of water and sewer lines were estab- lished on the City's accounting records. In 1984 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. OF COLUMBIA NEIGNTS, MINNESOTA 5 ANNUAL FINANCIAL REPORT Fund Revenue Sharing Interest Capital Balance Revenue Earnings Total Projects Operations Total Year End 1973 $ 140;575 $ 9,202 $1 9r+ ,777 $110,239 $ 14,606 $124,845 $145,791 1974 144,256 12;834 157,090 145,830 4,158 149,988 152,893 1975 154,036 11,530 165,566 187,572 30,488 218,060 100,399 1976 157,339 10,907 168,246 158,164 68,528 226,692 41,953 1977 .159,482 6,257 165,739 108,928 25,478 134,406 73,286 1978 178,817 5,800 184,617 179,120 12,723 191,843 66,060 1979 176,635 9,584 186,219 112,904 18,189 131,093 121,186 1980 160,131 12,872 173,003 110,709 29,357 140,066 154,123 1981 160,957 20,396 181,353 135,903 3,951 139,854 195,622 1982 141,743 24,207 165,950 59,318 1,832 61,150 300,422 1983 113,225 29,368 142,593 125,750 2,737 128,487 314,528 In 1984 it is estimated that the City will receive $112,668 in revenue sharing payments and $4,500 in interest earnings. The adopted 1984 budget includes $-0- for general operations and $331,195 for capital projects, leaving an estimated fund balance of $11,223 as of December 31, 1984. In 1978 the Recreation Commission was expanded to include a Community Services function. The revised Recreation a'nd 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 1983 revenues of $224,068 exceeded expenditures by $14,667 increasing the fund balance to $49,531. 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, 1983, the general fixed assets of the City thus far recorded amount to $8,150,975. 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- congnized, as it customary in municipal accounting, in the City's accounting system, but depreciation of assets is recognized in the proprietary funds for rate setting purposes, etc.' An appraisal of buildings, structures and equipment (excluding vehicles for which the City had cost information) was accomplished in 1979. These values plus the original assessed cost of water and sewer lines were estab- lished on the City's accounting records. In 1984 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. OF COLUMBIA NEIGNTS, MINNESOTA 5 ANNUAL FINANCIAL REPORT ENTERPRISE FUNDS Liquor Operation Total Off -Sales were $1,123,671 an increase from 1982 of $156,701. Total Net operating income was $62,545, an increase of $35,238. WATER & SEWER UTILITY The Water Utility Fund had a 1983 net income of $163,617 on a 17.37% increase in revenues compared to a net i.r1come of $1,864 in 1982. The Sewer Utility Fund with a 9.11% increase in revenues had a net income of $316,904 in 1983 compared to a net income of $251,746 in 1982. The Sewer Fund transferred $15,000 to Debt Service Funds in 1983. 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 1983, the City collected $594,541 in assessments from 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. Retained earnings has an unreserved fund balance of $23,687 as of December 31, 1983. 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 trans- actions 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 is added to the book value of the investments. "ITY OF COLUMBIA •E16NTS, MINNESOTA 6 CNNUAL FINANCIAL IINRT Interest rates were slightly lower in 1983 than in the preceding year, and the average amount of idle funds increased in 1983. Interest earnings for the past ten years are as follows: Year Earnings Yield 197 101; 9 - 1975 87,612 8.34% 1976. 121,051 7.75% 1977 114,186 5.69% 1978 1199918 6.29% 1979 181,797 - 9.21% 1980 2299978 11.14% 1981 324,608 12.30% 1982 364,565 11.40 %' 1983 587,366 10.69% The 1983 earnings were distributed to the following funds: General $ 113,362 Revenue Sharing 29,368 Special Assessments 184,433 Capital Improvements 35,242 Debt Service 32,305 Liquor 126,284 Water 19,970 Sewer 32,305 Garage 4,112 Park Dedication 8,223 Cable Television 1,762 NEW LEGISLATION The 1978 Minnesota Legislature enacted Chapter 78.7 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 Carol Koester, Barb Sandberg and Jackie Niccum for their assistance in pre- paring this report. ITY OF COLUMBIA NEIGNTS, MINNESOTA Respectfully submitted, .w+ 6AI-V .William Elrite Finance Director 7 ANNUAL FINANCIAL ,REPORT r_ HE CITx OF COLUM IA HEIGHTS, MINNESOTA NNUA` t INANC I AL KEPj�RT EAR LNDED DECEMBER 91, 1983 GENERA P11-POSE FIXANCIAL STATEMENTS These General Purpose Financial Statements are part of the Comprehensive Annual Financial Report, presenting only aggregate data by fund type and account group, together with notes to the financial statements and constitutes "fair presentation in conformity 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 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 Combined Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Fund Types Form A -5 19 Notes to Financial Statements 20-30 IJ D u u GMHCo The City Council of Columbia Heights, Minnesota GEORGE M. HANSEN COMPANY, P.A. A Professional Corporation of Certified Public Accountants AUDITORS' OPINION We have examined the combined financial statements of the City of Columbia Heights, Minnesota as'of and for the year ended December 31, 1983 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. We did not examine the financial statements of the Housing and Redevelopment Authority (HRA). These statements were examined by other auditors whose report thereon has been furnished to us,. and our opinion expressed herein, insofar as it relates to the amounts- included for the HRA, is based solely upon the report of the other auditors. 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, 1983,_ and the results of its operations and the changes in financial position of its proprietary fund types for the year *_hen ended, in conformity with generally accepted accounting principles which, except for the change, with which we concur, in the reporting entity (Note 2), have been applied on a basis consistent with that of the preceding year after restatement for the changes, with which we concur, in the methods of accounting for vacation pay and special assessement revenue (Note 2). 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 presented for purposes of additional analysis and are not a required part of the combined financial statements of the City of Columbia Heights, Minnesota. The information has been subjected to the auditing procedures applied in the examination of the combined financial statements, except as regards the HRA as discussed above, 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 tabl.e of contents. April 13, 1984 175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 1 DO MINNEAPOLIS, MINNESOTA 55416 B12/546-2566 O C3 "l Sv i 4 9 ILL- a L 9 h MIN tf1 h o _h M .� h i T N • 1^ h h 0 0% oO f0 w% m w� f,� h N N � O �O N GO f� w% h O Y� . 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CITY W COLUMBIA NEICNTft ■INNEtOTA 9 III L FINANCIAL DEPORT u u u u n n .1 it I Sk I~i1 za r � _ i • Z iN • - _ +_r � >*— • 0 o �a v w r M �r��iOsZ a�� /l.1 r+ CITY W COLUMBIA •EICNTS, ■INNESOTA 10 MMNUAL TINANCIAL KPORT s �NOIn 01 /A N /hw NN N N � InD�A�O A � O /w A• N � • •� / / 00 •� - r, •� � +N�OAM�ID/AQ� _ —_ —�_� O A A N � O O _ N _ __ N • ., � _ aji _ N _ M NVIO��If�10�1�0/ _ p= N N v-- A.00w�NO O = O 1V ■. S N _N •ai N � N e • N "� Y A _ • r r N e N O O A .IT + l O e rr C Y • N N ,a N ` _ N O • 1 « 1 1 1 1 1 1 1 1 1� 1 • 1 / 1 Y + = N - e: 11, • T O N N N N on -A -a r 6 N Ot0 N O /H • _ N . C11)V ":, a e e W � P ,LO1n11ni� � � 5 1�1 �_O IT � 1 1 �, J O _• N = O\ `a A • IA � N N O ' • N 1 • 1 / a c lee e - - a N N Q S / 1 1 1 1 1 1 1 + 1 1 f� A + W 1 11 N N N M - /r � ♦ ♦per + e 1 1 1 • 1 1 1 1 1 1 1 O 1 1 / - sN Is 1 1 1 N _ N N N = I^ N y C O r/ 10; 1 W; N eO N 6 N N N N N ee A O N = O A N N 1 - • O, _ e C r = 1 • 1 I I A k. .= oft oft N • N N N N Wb �1 NI /l N NI r M Sk I~i1 za r � _ i • Z iN • - _ +_r � >*— • 0 o �a v w r M �r��iOsZ a�� /l.1 r+ CITY W COLUMBIA •EICNTS, ■INNESOTA 10 MMNUAL TINANCIAL KPORT s COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES Year Ended December 31, 1983 REVENUES: General property taxes Homestead credit Special assessments Licenses and permits Fines and forfeitures Interest and rents Intergovernmental revenues Charges for services Other revenue Total Revenues OTHER FINANCING SOURCES: Transfers from other funds Special General Revenue $ 1,140,816 $ - 459,819 - 156,410 - 51,870 - 135,399 39,353 1,599,939 884,818 570,647 94,042 b9,236 - $ 4,184,136 $ 1,018,213 Total Revenues and Other Sources EXPENDITURES: Current: General government Public safety Public works Sanitation Library Parks and recreation Other Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Expenditures OTHER FINANCING 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 as originally reported Adjustments for change in accounting for Special Assessment Revenues FUND BALANCE AT BEGINNING OF YEAR FUND BALANCE AT END OF YEAR AS ADJUSTED The notes to the financial statement are an integral part of this statement :ITY OF COLUMBIA BEIGNTS, MINNESOTA 11 85,144 95,527 4,269,280 1,113,740 546,692 2,285 1,537,897 - 561,632 - 430,126 - 265,803 - 415,629 209,401 8,671 23,288 - 129,906 3,766,450 364,880 95,527 685,856 3;861,977 1,050,736 407,303 63,004 1,734 848 466,233 2,1 2,151 S 529,237 ANNUAL FINANCIAL KPORT Cl Form A-1 656,093 .1,877 407 $ 148,60T $ 1,6 4,974 1PITV K wnf nNeIa rr.wure Yfwwra ra 297,5.34 2971,534 1,185,109 1,185,109 (621,312) (881,575) 3,847,006 4,327,219 $ 911;552) $ 3,593,414 $ 3,847,00 12 ANNUAL FINANCIAL KPORT Total Debt Capital Special (Memorandum Only) Service Projects Assessments 19 3 1982 Restated $ 160,513 $ - $ - $ 1,301,329 $ 1,257,941 46,047 - - 505,866 496,504 - - 594,541 594,541 463,537 - - - 156,410 148,773 - - - 51,870 47,073 32,786 137,479 185,020 530,037 483,591 - - - 2,484,757 1,813,627 -. - 24,966 689,655 743,817 181,377 - .69,090 319,703 504,558 $ 420,723 $ 137,479 $ 873,617 $ 6,634,168 $ 59959,421 45,200 347,468 776,499 1,349,838 3,229,220 465,923 484,947 1,650,116 7,984,006 9,188,641 - - - 548,977 536,804 - - - 1,537,897 1,454,404 - - - 561,632 581,121 - - - 430,126 403,670 - - - 265,803 188,343 - - 625,030 634,395 - - - 31,959 59,787 - 640,280 1,044,772 1,814,958 1,414,625 255,000 - - 255,000 340,000 718,412 - 170,927 889,339 702,879 973,412 640,28o 1,215,699 6,960,721 6,3.16,028 - 973,412 37,100 677,380 458,394 1,674,093 1,276,877 8J.237,598 2,73.1,514 9,047,542 _ (507,489) (192,433) (.23,977) (2539592) 1411099 656,093 .1,877 407 $ 148,60T $ 1,6 4,974 1PITV K wnf nNeIa rr.wure Yfwwra ra 297,5.34 2971,534 1,185,109 1,185,109 (621,312) (881,575) 3,847,006 4,327,219 $ 911;552) $ 3,593,414 $ 3,847,00 12 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, 1983 GENERAL FUND Original Revised 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 OTHER FINANCING USES: Transfers to other funds Total Expenditures and Other Uses Variance Over (Under)- $ 163,826 (138,806) 63,540 (9,630) 44,799 15,274 32,547 49,136 $ 220,6 188,390 Budget Budget Actual REVENUES: General property taxes $ 976,990 $ - $1,10,816 Homestead credit 598,625 - 459,819 Licenses and permits 92,870 - 156,410 Fines and forfeitures 61,500 - 51,870 Interest and rents 90,600 - 135,399 _ Intergovernmental revenue 1,584,665 - 1,599,939 Charges for services 5323,100 - 570,647 Other revenue 20,100 - 69,236 Total Revenues $3,96T43-0 $ - $4,184,1 T6 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 OTHER FINANCING USES: Transfers to other funds Total Expenditures and Other Uses Variance Over (Under)- $ 163,826 (138,806) 63,540 (9,630) 44,799 15,274 32,547 49,136 $ 220,6 188,390 - 85,144 (103,246) 4,151,840 - 4,269,280 117,440 675,779 676,584 546,692 129,892 1,539,385 1,583,910 1,537,897 46,013 673,630 673,630 561,632 111,998 467,295 467,295 430,126 37,169 242,010 265,865 265,803 62 447,705 447,705 415,629 32,076 99,000 46,815 8,671 38,144 4,1 4, 0 4,161,804 3,766,450 395,354 101,105 101,105 95,527 5,578 4,245,909 4,262,909 3,861,977 400,932 EXCESS OF REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES (94,069) (111,069) 407,303 518,372 FUND BALANCE AT BEGINNING OF YEAR 1,734,848 1,734,848 1,734,848 - FUND BALANCE AT END OF YEAR $1,6409779 $1,623,779 $2,142,151 $ 518,372 The notes to the financial statement are an integral part.,of Xhis statement CITY OF COLUMBIA . NEIGNTS, MINNESOTA 13 ANNUAL nNANCIAL REPORT I- Form A -2 (106,135.) 63,004 169,139 466,233 466,233 - 360,098 529,237 169,139 OF COLUMBIA HEIGHTS, MINNESOTA 14 (217,204) 470,307 687,511 2,201,081 2,201,081 - 1,983,877 2,671,388 687,511 ANNUAL FINANCIAL REPORT SPECIAL REVENUE FUNDS Total (Memorandum Only) Variance Revised Variance Budget Actual Over (Under) Budget Actual Over (Under) $ - $ - $ - $ 976,990 $ 1,140,816 $ 163,826 - - - 598,625 459,819 (138,806) - - - 92,870 156,410 63,540 - - - 61,500 51,870 (9,630) 8,500 39,353 30,853 99,100 .174,752 75,652 1,192,825 884,818 (308,007) 2,777,490 2,484,757 (292,733) 45,366 94,042 48,676 583,466 664,689 81,223 - 20,100 69,236 49,136 $1,246,691 $_1,01$,213 22 , M $5,210-,-1-4-1 $ 5,202,349 $ 7,792) 101,105 95,527 (5,578) 289,495 180,671 (108,824) 1,347,796 1,113,740 (234,056) 5,499,636 5,383,020 (116,616) 3,750 2,285 1,465 680,334 548,977 131,357 - - - 1,583,910 1,537,897 46,013. 6o,000. 60,000 - 733,630 621,632 111',998 - - - 467,295 430,126 37,169 - - - 265,865 265,803 62 231,576 209,401 22,175 679,281 625,030 54,251 36,000 23,288 12,712 82,815 31,959 50,856 214,015 545,341 69,906 364,880 84,109 120,461 214,015 ,, 07,1+5 69,906 84,109 515,815 4,131,330 908,590 685,856 282,734 1,009,695 781,383 288,312 1,453,931 1,050,736 403,195 5,716,840 4,912,713 804,127 (106,135.) 63,004 169,139 466,233 466,233 - 360,098 529,237 169,139 OF COLUMBIA HEIGHTS, MINNESOTA 14 (217,204) 470,307 687,511 2,201,081 2,201,081 - 1,983,877 2,671,388 687,511 ANNUAL FINANCIAL REPORT COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES A Year Ended December 31, 1983 OPERATING REVENUES: Enterprise Sales 2,776,467 Cost of sales 902,103 Gross Profit 1,874,364 OPERATING EXPENSES: Personal services 355,770 Other services and charges 113,244 Supplies 45,650 Source of supply /Disposal charges 760,694 Total 11,275,358 OPERATING INCOME BEFORE DEPRECIATION 599,006 DEPRECIATION 99,197 OPERATING INCOME 499,809 NONOPERATING REVENUES (EXPENSES): Interest income 191,548 Interest expense (1,069) Other income (expense) - net (19,297) Total 171,182 Net Income before transfers and extraordi.nary income 670,991 Transfers to Other Funds (72,959) Net Income before extraordinary item 598,032 EXTRAORDINARY ITEM - Net Income 598,032 TRANSFER DEPRECIATION ON CONTRIBUTED ASSETS 65,229 Income Transferred to Retained Earnings 663,29-1 RETAINED EARNINGS, BEGINNING OF YEAR As originally reported 3,288,507 Adjustment - Depreciation on contributed assets - Adjustment for vacation and sick pay (28,577) As Adjusted 3,259;930 RETAINED EARNINGS, END OF YEAR $ 3,923,191 CITY OF COLUMBIA HEIGHTS, MINNESOTA 15 ANNUAL FINANCIAL REPORT Internal Service $ 130,939 $ 130,939 64,515 38,113 4,291 106,919 24,020 5,450 18,570 4,112 4,130 22,700 22,700 22,700 21;685 (8. 95) 13,190 $ 35,890 OF COLUMBIA NEIGNTS, MINNESOTA Form A -3 $ 3,959,081 $ 3,273,120 I ANNUAL FINANCIAL. REPORT Total (Memorandum Only) 1982 1983 Restated $ 2,907,406 $ 2,564,853 902,103 781,624 $ .2,005,303 $ 1,783,229 420,285 447,145 151,357 178,702 49,941 57,571 760,694 699,575 1,382,277 1,382,993 623,026 400,236 104,647 106,344 518,379 293,892 195,660 176,036 (1,069) (1,485) (19,279) (23,481) 175,312 151,070 693,691 444,962 (72,959) (52,094) 620,732 392,868 - 292,518 620,732 685,386 65,229 651229 685,961 750,615 3,310,192 1,079,609 - 1,477,263 (37,072) (34,367) 3,273,120 2,522,505 $ 3,959,081 $ 3,273,120 I ANNUAL FINANCIAL. REPORT COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION' ALL PROPRIETARY FUND TYPES Year Ended December 31, 1983 SOURCES OF WORKING CAPITAL: Operations: Net income (loss) before extraordinary income Items not requiring (providing) working capital Depreciation Working Capital Provided by Operations before Extraordinary Income Extraordinary income Decrease in long term contract receivable 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 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 other governmental units Accrued liabilities Net Increase (Decrease) in Working Capital The notes to the financial statements are an integral part of this statement Enterprise $ 655,991 97,648 $ 753,639 10,994 1,758 766,391 23,485 57,959 81,444 684.947 (39) 524,624 90,314 25,967 (24,143) 15,400 49,870 2,954 $ 684,947 J 11 1 1 CITY OF' COLUMBIA NEI6NTS, MINNESOTA 17 ANNUAL FINANCIAL REPORT ' , Form A -4 Total (Memorandum Only) Internal 1982 Service 1983 Restated $ 22,700 $ 678,691 $ 395,573 5,450 103,098 106,344 $ 28,150 $ 731,789 $ 501,917 - - 292,518 - 10,994 10,571 - 1,758 1,597 28,150 794,541 806,603 = 23,485 35,266 - - 15,400 - - 292,518 - 57,959 - - 81,444 343,184 28,150 713,097 463,419 (18) (57) (5,309) 15,000 539,624 178,476 - 90,314 224,975 8,205 34,172 5,378 4,963 (19,180) 63,872 - 15,400 (11100) - '49,870 - - 2,954 (2,873) $ 28,150 $ 713,097 $ 463,419 ITY OF COLUMBIA HEIGHTS, 'MINNESOTA 18 ANNUAL FINANCIAL REPORT Form A -5 HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUND TYPES Year Ended December 31, 1983 Revenues: Rents Proceeds from sale of building Loans and grants: Economic Development Administration Community Development Block Grant Department of Housing and Urban Development General obligation bond proceeds through City of Columbia Heights Other revenues , f Total Revenues Expenditures: Administration Utilities, maintenance and operations Loans and grants Rental assistance Property acquisition Structural preparation Relocation assistance Legal and professional Principal reduction Interest Other expenditures Total Expenditures Excess (deficiency) of revenues over expenditures Transfer of residual equity Fund balance at beginning of year, as stated Fund balance at end of year The accompanying notes are an integral part of the financial statements [CITY OF COLUMBIA NEIGHTS, MINNESOTA Special Totals General Revenue (memorandum only) Fund Funds 1983 1982 $ - $ 126,790 $ 126,790 $ 113,632 - - - 325,000 - 153,111 153,111 833,808 - 430,109 430,109 613,417 - 201,862 201,862 218,610 - 604,298 604,298 189,225 97,741 20,747 118,488 27,799 97,741 1,536,917 1,634,658 2,321,491 45,432 94,979 140,411 143,611 - 137,571 137,571 124,225 71,398 8,047 79,445 77,795 16,581_, - 16,581 5,868 - 872,802 872,802 1,503,443 - - - 274,634 - 79,370 79,370 58,584 - 40,761 40,761 111,202 - 108,925 108,925 158,470 - 102,644 102,644 2,975 3,615 6,590 (505 136,386 1,448,714 1,585,100 2,457,327 (38,645) 88,203 49,558 (135,836; 354,563 (354,563) - - 337,753 601,796 939,549 1,075,385 $653,671 $ 335,436 $ 989,107 $ 939,549 19 ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS DECEMBER 31,1983 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, high - ways and streets, sanitation, health and social services, culture- recreation, public improvements, planning and zoning, and general administrative services. The financial statements included in the report cover all commissions, boards, authorities, and bodies that are dependent on or controlled by the City's executive . and legislative branches. The criteria used to determine the financial reporting entity were in conformance with NCGA Statement 3, Defining the Governmental Reporting Entity. 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 three 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 Project 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 financing of public improvements or services deemed to benefit the properties against which special assessments are levied. CITY Of COLUMBIA HEIGHTS, MINNESOTA 2n ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 1 - Summary of Significant Accounting Policies (Continued) A. FUND ACCOUNTING (Continued) Housing and Redevelopment Authority (HRA) - The separate.HRA Fund is used to account.for the activities of the authority in the City of Columbia Heights. 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, expenses incurred, and /or net income is appropriate for capital maintenance, public policy, management control, accounta- bility, 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 other departments or agencies of the City, or to other governments, on a cost - reimbursement basis. B. MEASURMENT 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 with other general fixed assets. No depreciation has been provided on general fixed assets. 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. ,ITY Of COLUMBIA NEIGHTS, MINNESOTA 21 ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 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. 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, re- gardless of the measurement focus applied. All governmental funds are accounted for using the modified accrual basis of accounting. Revenues are recognized when they become measurable and available as net current assets.. Except for property taxes and special assessment revenues, discussed below, substantially all sources of revenue are accrued except interest which is recognized when due. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred, except for 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. Revenues are recognized when they are earned, and expenses are recog- nized when they are incurred. Unbilled utility service receivables are recorded at year end. The following transactions are accounted for as described below: 1. General property taxes - Revenue is recognized in the year of anticipated collection. Allowances are provided for the full amount of delinquent. taxes receivable. This has the effect of. recognizing general property taxes as.revenue when cash is received because of the unavailability of the delinquent taxes. 2. Special assessments - Revenue of the governmental funds is recognized in the year of anticipated collection. Allowances are provided for the full amount of delinquent assessments receivable. This has the effect of recognizing assessment revenue when cash is received because of the unavailability of the delinquent assessments. 3.' Interest expense on bonded indebtedness - Interest expense is recorded as an expenditure when paid in the governmental fund types and accrued as incurred in the proprietary fund types. Expenditures are recognized when amounts are remitted to the paying agent for payment of bonds and interest. OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL -'REPORT 22 NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 D. BUDGETS AND BUDGETARY ACCOUNTING The City follows these procedures in establishing the budgetary data reflected in the financial statements. (a) Prior to January 1st, the budget is adopted by the City Council. (b) Formal budgetary integration is employed as a management control device during the year for t -he General Fund and Special Revenue Funds. Formal budgetary integration is not employed for other funds. (c) Budgets for the General and Special Revenue are adopted on a basis consistent with generally accepted accounting principles. 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. ASSETS AND LIABILITIES Cash and Temporary Investments - Cash available, in excess of immediate needs, is invested temporarily in savings accounts, savings certificates, and short -term government obligations. Interest income is recognized as earned and is recorded in the fund from which the investment was pur- chased. Inventories - Inventories of the proprietary funds are stated at the lower of FIFO cost (-first-in, first -out) or replacement market. Fixed Assets /Property and Equipment - 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. Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations.* Accumulated depre- ciation 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 & Lines 50 -100 Years Structures 5 -20 Years Equipment 5-20 Years *Depreciation on contributed assets in the water and sewer utility funds is added back to income transferred to retained earnings and is deducted from contributed fund equity. Accumulated Unpaid Vacation and Sick Pay - Accumulated vacation and sick pay is recorded as a liability at the balance sheet date in accordance with NCGA Statement No. 4 and City policy. CITY OF COLUMBIA NEIGNTS, MINNESOTA 23 ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 1 - Summary of Significant Accounting Policies (Continued) F. ENCUMBRANCES Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that portion 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 constitute expenditures or liabilities. G. 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 1982 amounts have been restated to conform to the 1983 presentation. H. TOTAL COLUMNS ON COMBINED STATEMENTS - OVERVIEW Total columns on the Combined Statements - Overview are captioned Memorandum Only to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of these data. Note 2.— Accounting Changes In 1983,-the City adopted the following accounting changes: I. The City changed its method of accounting for special assessment revenues in order to comply with National Council on Governmental Accounting (NCGA) Statement No. 1. Whereas previously the total principal amounts of the special assessments were recognized as revenue when the assessments were levied, revenue recognition for special assessments will now be identical to that of other governmental fund revenues which are recognized when they become measurable and available. Accordingly, special assessment principal and interest will be recognized as revenue in the year they become due for collection and allowances for doubtful receivables will be-set up for all delinquent special assessments receivable at the balance sheet date. Principal amounts of special assessments not yet due for collection will be shown as deferred revenue in the balance sheet. Financial statements for 1982 . have been restated to apply this change retroactively. The effect of the accounting change is to increase special assessment net revenue in 1983 by $268,899 and to decrease the previously reported special assessment fund net revenue for 1982 by $563,797. The special assessment fund balances at December 31, 1981 and 1982 have been adjusted for the effect of applying retoactively the new method of accounting. TV OF COLUMBIA HEIGHTS, MINNESOTA 24 ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 2 - Accounting Changes (Continued) 2. The City changed its method of accounting for vacation pay in order to comply with NCGA Statement No. 4. Previously, vacation pay was recorded in the period it was paid. Now, the liability for the vested portion of out- standing vacation days is accrued at the balance sheet date. Financial statements for-1982 have been restated to apply this change retro- actively in the proprietary funds. The effect of the accounting change is to increase proprietary fund net revenue in 1983 by $701 and to decrease previously reported proprietary fund net revenue for 1982 by $2,706. The liability for outstanding vacation days in the governmental funds is recorded in the General Long -Term Debt Account Group. 3• In 1983, the combined financial statements of the City include the financial statements of the Housing and Redevelopment Authority of Columbia Heights. This change in accounting entity was made to comply with NCGA Statement No-3 The Authority has its own Board of Directors which is responsible for oper- ations under the overall direction of elected City Officials. Note 3 - Due from Other Governmental Units The amounts due from other governmental units at December 31, 1983 are composed of the following amounts: General Fund . $ 18,060 Revenue Sharing Fund $ 28,167 Municipal State Aid Fund $ 82,460 Sewer Fund $286,520 Note 4 — Proprietary Funds Contract Receivable and Deferred Receivable A. INTERCEPTOR ACQUISITION CONTRACT RECEIVABLE As of January 1, 1971, the Metropolitan Waste Control Commission (M.W.C.C.) assumed ownership of all existing interceptors and treatment works. Under the terms of the agreement with M:W.C.C., 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 M.W.C.C. and was determined to be $400,533 at the date of takeover by the M.W.C.C. This amount is being amortized through credits received against annual sewer service billings from the M.W.C.C.'over a thirty -year period with interest at 4%. Prior to 1983, the City .received credits against M.W.C.C. billings totaling $267,264, of which $118,586 was treated as a reduction of principal. During 1983, the City received a credit of $22,272, of which $10,994 was a re- duction of principal. As of December 31, 1983, a balance of $270,953 remain- ed to be collected over the next seventeen years. CITY OF COLUMBIA MEIGNTS, MINNESOTA �5 ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 4 - Proprietary Funds Contract Receivable and Deferred Receivable (Continued) B. DEFERRED RECEIVABLE The City was required to advance funds to the M.W.C.C. for deferments of reserve capacity costs granted to other communities. The balance of this receivable from the M.W.C.C. at December 31; 1983 was $27,773 and is collectible over the next eight years. During 1983, the City received $3,470 related to this receivable, of which $1,758 represented a reduction of principal. Note 5 - Interfund Receivable and Payable Balances Receivable Payable Special Revenue Funds Municipal State Aid Fund $ 101,474 Special Assessment Funds Permanent Improvement Revolving Fund $ 101,474 $ 101,474 $ 101,474 Note 6 - Changes in General Fixed Assets Changes in General Fixed Asset Account Group during 1983 were as follows: Adjustments Balance and Balance Jan 1, 1983 Additions Retirements Dec. 31, 1983 Land $ 3,336 ,496 $ $ 311,39 $ 3,025,100 Buildings & Structures 3,370,030 88,081 31458,111 Furniture, Fixtures & Office Equipment 632,,486 3,552 636,038 Machinery & Equipment 979,337 57,605 (5,216) 1,031,726 TOTAL $ 8,318,349 $ 149,238 $ (316,612) $ 8,150,975 Note 7 - Proprietary Fund,Types Property and Equipment A summary of the enterprise funds property and equi; follows: Water Liquor Utility Land $ 7,125 $ 45,223 Buildings 80,613 211,135 Improvements other than Buildings 9,584 2,174,394 Office Furniture & Equipment 22,427 2,090 Machinery & Equipment 11,288 111,008 131,037 2,543,85U Less Accumulated Depreciation 67,089 1,055,909 $$33, -9+f $1 , 7,9 1 ITY OF COLUMBIA NEIGNTS, MINNESOTA 26 pment at December 31, 1983 Sewer U�tiH,5 Total $ 36 $ -9-9-,934 24,456 .316,204 2,340,642 1,563 178,811 2,5 2,05 1,180,103 $1,4014955 4,524,620 26,o8o 301,107 5,256,94-5 2,303 101 $2,953, ANNUAL FINANCIAL REPORT NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 7 - Proprietary Fund Types Property and Equipment (Continued) A summary of the internal service funds property and equipment. at December 31, 1983 follows: Central Garage Buildings & Improvements $ 13,795 Office Furniture & Equipment 741 Machinery & Equipment 66,236 $$ O 772 Less Accumulated Depreciation 55,144 $ 25,628 Note 8 - Lon4 -Term Debt Changes in long -term debt during the year ended December 31, 1983 are summarized below (in 000's) Bonds payable at December 31, 1983 are comprised of the following issues. General Bonds -- Storm Sewer Bonds of 1965, 3.6 %, Payable in 1984 Tax Increment Bonds- - Tax Increment Bonds of 1980, 8.0%- 8.75%, Payable in Varying Annual Amounts to 2002 Tax Increment Bonds of 1982, 6.7% Payable in 1985 Special Assessment Bonds -- Permanent Improvement Revolving Bonds of 1982, 6.7%, Payable in 1985 I CITY OF COLUMBIA NEIGNTS, MINNESOTA 27 $ 140,000 $8,165,000 $ 450,000 $8,615,000 $2,550,000 $11,305,000 ANNUAL FINANCIAL REPORT Balance Balance Jan. 1, 1983 Retired December. 31, 1983 General Bonds 385 $ 245 140 Tax Increment Bonds 8,625 10 8,615 Special Assessment 2,550 2,550 Total $ 1� 1,560 $ 255 $ 11,305 Bonds payable at December 31, 1983 are comprised of the following issues. General Bonds -- Storm Sewer Bonds of 1965, 3.6 %, Payable in 1984 Tax Increment Bonds- - Tax Increment Bonds of 1980, 8.0%- 8.75%, Payable in Varying Annual Amounts to 2002 Tax Increment Bonds of 1982, 6.7% Payable in 1985 Special Assessment Bonds -- Permanent Improvement Revolving Bonds of 1982, 6.7%, Payable in 1985 I CITY OF COLUMBIA NEIGNTS, MINNESOTA 27 $ 140,000 $8,165,000 $ 450,000 $8,615,000 $2,550,000 $11,305,000 ANNUAL FINANCIAL REPORT 0 NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 8 - Long -Term Debt (Continued) The annual requirements in thousands of dollars to amortize all bonded debt out- standing at December 31, 1983,_ including interest payments of $8,422,000 are as follows (in 000's) Year Ending General Tax Special December 31 Obligation Increment Assessment Total 1984 145 712 171 1,028 1985 -- 1,152 2,721 3,873 .1986 -- 806 - 806 1987 -- 843 -- 843 _1988 -92 -- 4,711 -- 4,711 1993 -97' -- 5,043 -- 5,043 1998 -02 3,423 -- 3,423 175 190 2,$92— 19,727 $148,604 is available in the Debt Service Funds 'to service the general obligation and tax increment bonds. There are a number of'limitations and restrictions con- tained in the various bond indentures. The City is in compliance with all signi- ficant limitations and restrictions. The. General Obligation Bonds are payable primarily from general property taxes. The Tax Increment Bonds are payable from the amount of increase in the property taxes on the - property in the Tax Increment District. The Special Assessment Bonds are payable primarily from special assessments with any deficiencies to be provided by general property taxes. Note 9 - Reserved - Fund Equity The following reservations of fund equity have been made as of December 31, 1983• General fund Encumbrances Recreation Encumbrances Debt Service Funds Debt Service Internal Service Funds Central Garage Improvement costs 1r ITY OF COLUMBIA HEIGHTS, MINNESOTA ._. 28 $ 3,273 546 148,604 12,205 $ 164,628 . , . ANNUAL FINANCIAL REPORT. NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 10 - Segment Information - Enterprise Funds The City maintains three enterprise funds. Segment information for the year ended December 31, 1983 is as follows: Note 11 - 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 Minnesota Statutes, 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 Associa- tion was split into two divisions - paid and volunteers as of January 1, 1978. The City levies annually and applies state aid for pension contributions to the associations. In 1983 the amounts were: Levy State -Aid Total Police Relief $ 84,372 $ 70,322 $ 1-57,V94 Fire Relief - Paid 53,640 43,169 96,809 Fire Relief - Volunteer 8,185 - 8,185 $ITT,197 $113,491 $$ 25$$ The pension levy meets the minimum requirements of the Police and Firemen's Relief Association Guidelines Act of 1969, which became effective July 1, 1971, and which required that 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, the annual levy includes an amount for the amortization of the un- funded pension liability by the year 2005. CITY OF COLUMBIA HEIGHTS, MINNESOTA �9 ANNUAL FINANCIAL REPORT ' Water Sewer Liquor Utility Utility Total Sales, less cost of sales of $902,103 $ 221,568 $ $ $ 221,568 Operating Revenue 835,032 817,764 1,652,796 Depreciation 4,051 40,888 54,259 99,198 Depreciation Transferred to Contributions (26,294) (38,935) (65,229) Operating Income 62,545 144,666 292,597 499,80.8 Operating Transfers Out (57,959) (15,000) (72,959) Net Income 117,511 163,617 316,904 598,032 Property & Equip.- Additions 167 14,702 8,642 23,511 Net Working Capital 1,471,927 441,445 908,190 2,821,562 Total Assets 1,599,401 1,992,281 2,625,848 6,217,530 Total. Equity- Contributed 1,093,454 1,057,487 2,150,941 Total Equity- Retained Earnings 1,535,875 835,932 1,551,384 3,923,191 Note 11 - 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 Minnesota Statutes, 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 Associa- tion was split into two divisions - paid and volunteers as of January 1, 1978. The City levies annually and applies state aid for pension contributions to the associations. In 1983 the amounts were: Levy State -Aid Total Police Relief $ 84,372 $ 70,322 $ 1-57,V94 Fire Relief - Paid 53,640 43,169 96,809 Fire Relief - Volunteer 8,185 - 8,185 $ITT,197 $113,491 $$ 25$$ The pension levy meets the minimum requirements of the Police and Firemen's Relief Association Guidelines Act of 1969, which became effective July 1, 1971, and which required that 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, the annual levy includes an amount for the amortization of the un- funded pension liability by the year 2005. CITY OF COLUMBIA HEIGHTS, MINNESOTA �9 ANNUAL FINANCIAL REPORT ' NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1983 Note 11 - Retirement Plans (Continued) The following schedule of accrued liabilities was obtained from the latest actuarial surveys dated December 31, 1982. Funded Accrued Funded (Unfunded) Reserves Liability Accrued Liability Police Relief $1,1459 $2,795,300 $(1,650,231) Fire Relief - Paid 762,282 2,148,813 (1,386,531) Fire Relief - Volunteer 505,717 316,148 189,569 The City participates in a contributory pension plan under the'Public Employees Retirement Association (PERA), Minnesota Statutes, Chapter 353, which covers substantially all employees except those qualifying as temporary or seasonal employees or those public safety police and fire personnel covered by the relief associations. The City's contribution for the coordinated plan (PERA and Social Security) to PERA is equal to 5.5% of the total salary of each individual (em- ployee 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 8i). The pension cost including amortization of estimated prior service cost was $162,090 for the year ended December3l, 1983. 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 per- cent of gross wages by all employees 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 $34,500 in 1983 or total of $74,877. Note 12 - 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. These programs are subject to program compliance audits by the grantors or their repre- sentatives. The audits of these programs for or including the year ended December 31, 1983 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 determined at this time although the City expects such amounts, if any, to be immaterial. Note 13 - Claims and Litigation The City had the usual and customary types of miscellaneous claims pending at year- end, mostly of minor nature and usually all covered by insurance carried for that purpose. OF. COLUMBIA HEIGHTS, MINNESOTA 30 ANNUAL FINANCIAL REPORT 0 HE.CIT�INA OF COLUM IA HEIGHTS, MINNESOTA NNUA C IAL KEPQRT EAR tNDED BECEMBER 1, 19013 GBERIL 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 31 Statement of Revenues, Expenditures and Changes in Fund Balance Form B -1 32 Schedule of Revenues - Budget and Actual Form B -2 33 -34 Schedule of Expenditures - Budget and Actual Form B -3 35 -39 Fo rm B GENERAL FUND COMPARATIVE BALANCE SHEET December 31, 1983 and 1982 Fund Balance: Reserved for encumbrances $ 3,273 $. 12,762 Unreserved Designated for subsequent year's expenditures 110,054 94,069 Undesignated 2,028,824 1,628,017 Total Fund Balance -- Form B -1 $ 2,142,151 $1,734,848 Total Liabilities, and Fund Balance $ 2,254,669 $1,860,714 CITY OF COLUMBIA HEIGHTS, MINNESOTA 31 ANNUAL FINANCIAL REPORT 1983 1982 ASSETS Cash: Treasurer's balance $ 22,843 $ 184 Imprest cash and change funds 1,975 1,675 Total Cash 24,81T $ 1,859 Investments, at cost 2,082,090 1,706,190 Taxes receivable -- delinquent 49,644 12,888 Less: Allowance for uncollectible taxes (49,644) (12,888) Accounts receivable; Unbilled services 81,108 82,650 Accrued interest receivable 26,010 Other 48,593 41,156 Due from other governmental units 18,060 2,849 Total Assets $ 2,254,669 $1,860,714 LIABILITIES, AND FUND BALANCE Liabilities: Accounts payable $ 31,868 $ 38,640 Accrued salaries and withholdings 60,474 60,865 Deposits 7,165 7,164 Due to other governmental units 1,888 10,697 Deferred revenue 11,123 8,500 Total Liabilities $ 112,518 $ 125,866 Fund Balance: Reserved for encumbrances $ 3,273 $. 12,762 Unreserved Designated for subsequent year's expenditures 110,054 94,069 Undesignated 2,028,824 1,628,017 Total Fund Balance -- Form B -1 $ 2,142,151 $1,734,848 Total Liabilities, and Fund Balance $ 2,254,669 $1,860,714 CITY OF COLUMBIA HEIGHTS, MINNESOTA 31 ANNUAL FINANCIAL REPORT Form B =1 GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Actual Amounts for Year Ended December 31, 1982- Revenues: Taxes .Licenses and permits Fines and forefeitures Intergovernmental revenues Charges for current services Miscellaneous Refunded reimbursements Total Revenues ME $3,963,450 $ 4,184,136 $ 220,686 Other Financing Sources: Transfers from other funds 188,390 85,144 Total Revenues and Other Sources $4,151,840 $ 4,269,280 Expenditures: General government Public safety Public works Sanitation Library Parks Other Total Expenditures 1982 Actual $1,049,992 148,773 47,073 1,874,876 551,506 159,133 51,469 $3,882,822 (103,246) 36,406 $ 117,440 $3,919,228 $ 676,584 $ 546,692 Variance $ 532,444 1,583,910 Favorable Budget Actual (Unfavorable) $ 976,990 $ 1,140,816 $ 163,826 92,,870 156,410 63,540 61,500 51,870 (9,630) ,21-P183,290 2,059,758 (123,532) 538,100 570,647 32,547 97,700 163,453 65,753 13,000 41,182 28,182 $3,963,450 $ 4,184,136 $ 220,686 Other Financing Sources: Transfers from other funds 188,390 85,144 Total Revenues and Other Sources $4,151,840 $ 4,269,280 Expenditures: General government Public safety Public works Sanitation Library Parks Other Total Expenditures 1982 Actual $1,049,992 148,773 47,073 1,874,876 551,506 159,133 51,469 $3,882,822 (103,246) 36,406 $ 117,440 $3,919,228 $ 676,584 $ 546,692 $ 129,892 $ 532,444 1,583,910 1,537,897 46,013 1,454,404 673,630 561,632 111,998 581,121 467,295, 430,126 37 ,169 403,670 265,865 265,803 62 188,343. 447,705 415,629 32,076 443,863 46,815 8,671 38,144 27,340 $4,161,804 $ 3,766,450 $ 395,354 $3,631,185 Other Financing Uses: Transfers to other funds 101,105 95,527 5,578 91,886 Total Expenditures and Other Uses $4,262,909 $ 3,861,977 $ 400,932 $3,723,071 Excess of revenues and other sources over (under) expenditures and other uses $ (111,069) $ 407,303 Fund balance at beginning of year 1,734,848 1,734,848 Fund balance at end of year $1,623,779 $ 2,142;151 ITY OF COLUMBIA HEIGHTS, MINNESOTA 32 $ 518,372 $ 196,157 -0- 1,538,691 $ 518,372 $1,734,848 ANNUAL FINANCIAL REPORT Form B -2 GENERAL FUND SCHEDULE OF REVENUES - BUDGET AND ACTUAL Year Ended December 31, 1983 General property taxes: Current ad valorem Delinquent ad valorem Penalties and interest Total Licenses and permits: Business regulatory licenses Non - business licenses and permits Total Fines and forfeitures: Court fines Other Total Revenue from use of money and property: Interest earnings -- Investment Trust Fund Rents Total Revenue from other agencies: Shared state taxes: Local government aid Property tax relief (Homestead) Insurance premium tax Municipal state aid - maintenance Attached machinery aid Other Anoka county: Street maintenance Federal aid: Civil defense reimbursement Total Variance Budget Actual Favorable Revenue Revenue (Unfavorable) $ 953,990 $1,111,638 $ 157,648 20,000 23,383 3,383 3,000 5,795 2,795 $ 976,990 $1,140,816 $ 163,826 $ 32,770 $ 62,469 $ 29,699 60,100 93,941 33,841 $ 92,870 $ 156,410 $ 63,540 $ 60,000 $ 51,160. $ (8,840) 1,500 710 (7 -90) $ 61,500 $ 51,870 $ (9,630) $ 70,000 $ 113,362 $ 43,362 20,600 22,037 1,437 $ 90,600 $ 135,399 $ 44,799 $1,449,525 $1,449,524 $ 598,625 459,819 (138,806) 71,000 80,570 9,570 15,,000 - (15,000) 5,000 5,473 473 33,120 36,355 3,235 6,020 24,080 18,060 5,000 3,937 (1,06-3.) $2,t83,290 $2,059,758 $ (123,532) 1 1 1 u 1 1 1 1 11 1 L11 1 wi D 1 1 ,ITV OF COLUMBIA NEI6NTS, MINNESOTA 33 ANNUAL FINANCIAL REPORT i Form B -2 GENERAL FUND SCHEDULE OF REVENUES.- BUDGET AND ACTUAL (CONTINUED) Year Ended December 31, 1982 Variance Budget Acutal Favorable Revenue Revenue (Unfavorable) Other revenue: Sale of land $ - $ 12,345 $ 12,345 Gain sale equipment 2,000 3,377 1,.377 Miscellaneous 5,100 12,332 7,232 Total $ 7,100 28,054 $ 20,954 Charges for current services: General government $ 1,800 $ 3,649 $ 1,849 Public safety 40,600 43,489 2,889 Public works 4,000 3,923 (77) Library 3,700 4,637 937 Parks 29,500 41,601 12,101 Refuse collection 450,000 460,281 10,281 Other 8,500 13,067 4,567 Total $ 538,100 $ 570,647 $" 32,547 Refunds and reimbursements: Construction labor reimbursement $ 8,000 $ - $ (8,000) Equipment rental reimbursement 4,000 2,908 (1,092) Other reimbursements 1,000 38,274 37,274 Total $ 13,000 $ 41,182 $ 28,182 Total Revenue 53,963,450 $ 4,184,136 $ 220,686 Other Financing Sources: Transfers from other funds Sullivan Lake Fund - 6,900 6,900 Park Dedication Fund 33,590 20,285 (13,305) Liquor Fund 154,800 57,959 (96,841) Total 188,39U 5,1 103,2 Grand Total $4,151,840 $ 4,269,280 $ 1172440 ITY OF COLUMBIA NEIGNTS. MINNESOTA 34 ANNUAL FINANCIAL REPORT ir 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 and charges Supplies Total Assessing: Personal services Other services and charges Supplies Total Legal: Other services and charges GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL Year Ended December 31, 1983 Original Budget Budqet (Revised Form B--3 ' 3 Unemcumbered , (Overexpended) nditures Balance $ 64,280 $ 64,580 $ 64,567 $ 13 41,280 40,680 33,847 6,833 900 1,200 1,118 82 10 0 $.106,460 $ 99,532 $ 6927 $ 83,060 $ 83,060 $ 79,838 $ 3,222 15,735 15,735 13,404 2,331 500 500 204 296 99,295 99,295 $ 93,4 $ 84,625 $ 88,625 $ 88,576 $ 49 36,970 38,370 38,304 66 101,850 96,450 3,393 93,057 $$ 223,+x5 $ 223,445 $ 130,273 $ 93,172 $ 8,920 $ 9,650 $ 9,642 $ 8 2,675 3,150 3.,137 13 1,600 1,200 1,183 17 13,195 14,000 $$ 13,9 -_79 $ 53,790 $ 59,290 $ 59,200 $ 90 12,175 6,675 2,357 4,318 710 710 480 230 $ 66,675 $ 66,675 $ 62,037 $ 4,638 $ 72,069 $ 72,069 $ 68,004 $ 4,065 CITY OF COLUMBIA HEIGHTS, MINNESOTA 35 ANNUAL FINANCIAL REPORT Form B -3 GENERAL FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1983 General Government Buildings: Personal services $ 13,505 $ 15,000 $ 14,960 $ 40 Unencumbered 55,180 Original. Budget Supplies 10,300 (Overexpended) 8,380 Budget (Revised) Expenditures Balance GENERAL GOVERNMENT (continued): 56,550 48,350 48,266 84 Planning: 40,200 31,800 31,797 3 Personal services Other services and charges Supplies $ 11,995 1,355 810 $ 11,995 1,355 810 $ 9,560 39 14 $ 2,435 1,316 796 Total 1 ,1 0 1 ,1 0 $ 9,613 $ ,5 7 General Government Buildings: Personal services $ 13,505 $ 15,000 $ 14,960 $ 40 Other services and charges 56,675 55,180 46,485 8,695 Supplies 10,300 10,300 8,380 1,920 Total 80,460 80,480 $ 69,19-25 �'-10,655 Total General Government L675,779 $ 676,584 $ 546,692 $ 129,892 PUBLIC SAFETY: $ 403,460 $ 379,410 $ 24,050 Other services and charges 34,515 Police Protection: 22,902 11,613 Supplies 18,230 18,230 Personal services $ 870,341 $ 915,666 $ 915,659 $ 7 Other services and charges 56,550 48,350 48,266 84 Supplies s. 40,200 31,800 31,797 3 Total $$ 977,091 $ 9951 816 $ 995,722 $ 94 Fire Protection: Personal services $ 403,460 $ 403,460 $ 379,410 $ 24,050 Other services and charges 34,515 - 34,515 22,902 11,613 Supplies 18,230 18,230 12,339 '5,891 Total 456,205 456,205 1 51 $ 41,5 Protective Inspection: Personal services $ 66,695 $ 75,495 $ 75,445 $ 50 Other services and charges 13,484 20,784 20,769, 15 Supplies 1,450 1,150 1,128 22 Total 81,6T9 T 977T29 T 97,342 7 Civil Defense: Personal services $ 17,950 $ 17,950 $ 17,547 $ 403 Other services and charges 8,885 8,885 5,405 3,480 Supplies 1,425 1,425 1,220 205 Total 28,2 0 T--2 TM 0 24, 1 T2 $ 40 CITY OF` COLUMBIA NEIGNTS, MINNESOTA 36 ANNUAL FINANCIAL REPORT GENERAL FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1983 PUBLIC SAFETY: (continued) Animal Control: Other services and charges Supplies Total Total Public Safety Form B -3 Unencumbered Original Budget (Overexpended) Budget (Revised) Expenditures Balance $ 6,000 $ 5,999 $ 5,809 $ 190 200 201 201 - ,200 ,200 $010 $ 190 $1,539,385 $1,583,910 $1,537,897 $ 46,013 PUBLIC WORKS: $ 186,030 $ 186,030 $ Engineering: $ 12 Other services and charges 25 Personal services $ 141,645 $ 141,645 $ 112,392 $ 29,253 Other services and charges 11,670 11,670 8,842 2,828 Supplies Total 6,600 159,915 6,600 159,915 3,238 $ 12 F� 3,362 $$ 3 443 4,800 4,800 459 Street Maintenance: Personal services . $ 186,030 $ 186,030 $ 186-,018 $ 12 Other services and charges 25 72,900 72,900 $ 673,630 69,981 $ 561,632 2,919 Supplies 65,950 65,950 35,594 30,356 Capital Outlay 4,800 4,800 459 4,341 Total $ 329, 0 $ 329,680 $ 292,052 $ 37,628 Street Lighting: Personal services $ 1,170 $ 1,170 $ 79 $ 1,091 Other services and charges 73,000 73,000 60,440 12,560 Total $ 74, ]TO $ 7 ,170 $ 60,519 $ 13,651 Traffic Signs and Signals: Personal services $ 18,200 $ 24,100 $ 24,076 $ 24 Other services and charges 12,270 10,170 10,080 90 Supplies 10,970 7,170 4,041 3,129 Total $ 41,440 $ 41,440 $ 38,197 $ 3,243 Tree Trimming and Removal: Personal services Other services and charges Supplies Total Total Public Works CITY OF COLUMBIA HEIGHTS, MINNESOTA $ 21,245 $ 21,245 $ 18,613 $ 2,632 46.,805 46,805 27,492 19,313 375 375 287 88 68,425 25 ,392 22,033 $ 673,630 $ 673,630 $ 561,632 $ 111,998 37 ANNUAL FINANCIAL REPORT 1 1 1 1 1 1 1 1 GENERAL.FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1983 SANITATION: Refuse Collection and Disposal: Personal services Other services and charges Supplies Total Weed Control: Personal services Other services and charges -Total Total Sanitation LIBRARY: Personal services. Other services and charges Supplies Capital Outlay Total MUNICIPAL PARKS: Administration and Maintenance: Personal-services Other services and charges Supplies Capital Outlay Total ITY Of COLUMBIA NEWNTS, MINNESOTA Form B -3 1983 Unencumbered Original Budget (Overexpended) Budget Revised Expenditures Balance $ 14,735 $ 14,735 $ 11,355 445,410 445,410 415,274 1,200 1,200 774 T-4T]-, 345 $ 461,345 $x+27,70303 $ 3,380 30,136 426 $ 33,94-2 $ 5,770 $' 5,000 $ 1,798 $ 3,202 180 950 925 25 X950 $ 5,950 $ 2,723 $ 3,227 $ 467,295 $ 467,295 $ 430,126 $ 37,169 $ 124,230 $ 130,930 $ 130,923 26,695 25,795 25,762 41,085 41,140 41,136 50,000 68,000 67,982 $ 242,01'6 $ 265 , 65 $ 265,803 $ 275,580 $ 275,580 $ '256,855 100,160 100,160 90,969 38,375 38,375 35,921 33,590 33,590 31,884 x,705 $ W7,705 $ 41'5,629 u $ 7 33 4 18 $ 62 $ 18,725 9,191 2,454 _ 1,706 $ 32,076 ANNUAL FINANCIAL REPORT Form B -3 GENERAL FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL , Year Ended December 31, 1983 UNALLOCATED EXPENSE: Taxes and licenses Other miscellaneous Total Unallocated Total Expenditures Other Financing Uses: TRANSFERS TO OTHER FUNDS Recreation PARA Transit Fund Total Transfers Grand Total I CITY OF COLUMBIA NEIGNTS, MINNESOTA. Unencumbered Original Budget (Overexpended) Budget (Revised) Expenditures Balance $ 500 $ 900 $ 848 $ 52 98,500 45,915 7,823 38,092 $ 99,000 $ 46,815 $ 8,671 $ 381144 $4,144,804 $4,161,804 $3,766,450 $ 395,354 $ 91,105 $ 91,105 $ 91,105 $ - 10,000 10,000 4,422 5,578 $ 101,105 $ 101,105 $ 95,527 $ 5,578 $4,245,909 $4,262,909 $3,861,977 $ 4002932 ANNUAL FINANCIAL REPORT 39 HE CITX OF COLUM IA HEIGHTS, MINNESOTA NNUA TINA�j CIAL KEPQQRT EAR iNDED iJECEMBER S1, 1983 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 Municipal State -Aid System. TABLE OF CONTENTS Combining Balance Sheet Form C Combining Statement of Revenues, Expenditures and Changes in Fund Balances Form C -1 Statements of Revenues, Expenditures and Changes in Fund Balance: Revenue Sharing Fund Form C -2 Park Dedication Fees Form C -3 Recreation and Community Services Fund Form C -4 Paratransit Fund - Form C -5 Municipal State Aid Street Fund Form C -6 Cable Television Fund Form C -7 Page 4o -41 42 -43 44 45 46 47 48 49 a SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET December 31, 1983 With Comparative Totals for December 31, 1982 I CITY OF COLUMBIA HEIGHTS, MINNESOTA 40 ANNUAL FINANCIAL REPORT Park Recreation Revenue Dedication & Community Sharing Fee Services ASSETS Cash: Treasurer's balance (deficit) $ 74 $ 75 $ 80 Imprest cash - - 100 Total Cash' $ 75 $ 180 Investments, at cost 286,400 71,700 53,200 Accounts receivable - - - Due from other governmental units: Due from Federal- Revenue Sharing 28,167 - - Due from State of Minnesota - - - Total Assets $314,641 $ 71,775 $ 53,380 LIABILITIES, AND FUND BALANCE Liabilities: Accounts payable $ 113 $ - $ 704 Accrued salaries payable - - 2,847 Accrued social security /P.E.R.A. payable - - 298 Due to Other Funds - - - Due to Other Government Units - - - Total Liabilities $ 113 $ - $ 3,849 Fund Balance: Reserved for encumbrances $ - $ - $ 546 Unreserved: Designated for subsequent year's expenditures 208,295 55,200 13,500 Undesignated 106,233 16,575 35,485 Total Fund Balance $314,528 $ 71,775 $ 49,531 Total Liabilities, and Fund Balance $314,641 $ 71,775 $ 53,380 I CITY OF COLUMBIA HEIGHTS, MINNESOTA 40 ANNUAL FINANCIAL REPORT Form C [CITY OF COLUMBIA HEIGHTS, MINNESOTA 41 ANNUAL FINANCIAL REPORT Municipal $ State Cable Totals - Paratransit Aid Television 1983 1982 $ 4,455 $ 39 $ 6 $ 4,729 $ (6,524) - - 100 50 $ 4,455 $ 39 $ - 6 $ , 29 $ (6,474) 1,200 64,192 37,100 513,792 525,980 - - 11,080 11,080 4,540 - - 28,167 28,533, - 82,460 - 82,460 36,106 $ 5,655 $ 146,691 $ 48,186 $ 640,328 $ 588,685 [CITY OF COLUMBIA HEIGHTS, MINNESOTA 41 ANNUAL FINANCIAL REPORT $ 817 $ 15,883 - - - 2,847 3,201 - - - 298 - - 101,474 - 101,474 103,368 5,655 - - 5,655 - $ 5,655 $ 101,474 $ - $ 1111091 $ 122,452 $ - $ - $ - $ .546 $ - 45,217 3,650 325,862 156,135 - - 44,536 202,829 310,098 $ - $ 45,217 $ 48,186 $ 529,237 $ 466,233 $ 5,655 $ 146,691 $ 48,186 $ 640,328 $ 588,685 [CITY OF COLUMBIA HEIGHTS, MINNESOTA 41 ANNUAL FINANCIAL REPORT SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Totals for Year Ended December 31, 1982 Revenues: Revenue from other agencies: Federal State of Minnesota Independent School District #13 Interest earnings Fees Total Revenues Other Financing Sources: Transfers from other funds Total Revenues and Other Sources Expenditures: Public Safety Street and engineering Library Recreation General Government State -aid contruction & maintenance Para transit Cable Television Miscellaneous Total Expenditures Recreation & Revenue Park Community Sharing Dedication Services $113,225 $ - $ - - - 91,105 29,368 8,223 - 41,858 $142,593 $ 8,223 $ 132,963 - - 91,105 $142,593 $ 8,223 $ 224,068 $ 53,333 - 9,317 - - 3,100 - - - - 209,401 2,737 - - $.682487 $ - $ 209,401 Other Uses: Transfer to other funds $ 60,000 $ 20,284 $ - Total Expenditures and other uses $128,487 $ 20,284 $ 209,401 Excess of Revenues and Other Sources over (under) Expenditures and other uses $ 14,106 $ (12,061) $ 14,667 Fund balance at beginning of year $300,422 $ 83,836 $ 34,864 Fund balance at end of year $314,528 $ 711775 $ 49,531 [CITY OF I COLUMBIA HEIGHTS, MINNESOTA 42 ANNUAL FINANCIAL REPORT Form C -1 53,333 $ 41,841 - 9,317 14,919 - - 3,100 2,558 209,401 190,532 - - - 2,737 - 60,000 - 60,000 42 23,288 - - 23,288 29,433 - - 3,704 3,704 - _ - 1,832 $ 23,288 $ 60,000 $ 3,704 $ 364,880 $ 281,157 - 605,572 - 685,856 72,914 $ 23,288 $ 665,572 $ 3,704 $1,050,736 $ 354,071 $ - Municipal 2,570 $ 43,722 $ 63,004 State Cable Totals $ Paratransit Aid Television 1983 466,233, 1982 $ - $ - $ - $ 113,225 $ 141,743 12,346 668,142 - 680,488 466,233 117,838 - - - 91,105 83,995 - - 1,762 39,353 27,197 6,520 - 45,664 94,o42 $ 127,817 498;590 $ 18,866 $ 668,142 $ 47,426 $1,018,213 4,422 - - 95,527 91,886 $ 23,288 $ 668,142 $ 47;426 $1,113,740 $ 590,476 53,333 $ 41,841 - 9,317 14,919 - - 3,100 2,558 209,401 190,532 - - - 2,737 - 60,000 - 60,000 42 23,288 - - 23,288 29,433 - - 3,704 3,704 - _ - 1,832 $ 23,288 $ 60,000 $ 3,704 $ 364,880 $ 281,157 - 605,572 - 685,856 72,914 $ 23,288 $ 665,572 $ 3,704 $1,050,736 $ 354,071 $ - $ 2,570 $ 43,722 $ 63,004 $ 236,405 $ - $ 42,647 $ 4,464 $ 466,233, $ 229,828 $ - $ 45,217 $ 48,186 $ 529,237 $ 466,233 1 CITY OF COLUMBIA HEIGHTS, MINNESOTA 43 ANNUAL FINANCIAL REPORT Form C -2 REVENUE SHARING FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Actual Amounts for Year Ended December 31, 1982 Revenues: Revenue from other agencies: Federal Revenue Sharing Revenue from use of money and property Interest earnings - Investment Trust Fund Total Revenue Expenditures: Capital outlay: Public Safety Street and engineering Library General Government Other general government Total Expenditures Other Uses: Transfer to other funds Total Expenditures and Other Uses Excess of Revenues over (_under) Expenditures and Other Uses Fund balance at beginning of year Fund balance at end of year 1 CITY OF COLUMBIA NEIGNTS, MINNESOTA 1983 Variance Favorable Budget Actual (Unfavorable) 1982 Actual $ 86,720 $ 113,225 $ 26,505 $ 141,743 8,500 29,368 20,868 24,207 $ 95,220 $ 142,593 $ 47,373 $ 165,950 $ 115,350 $ 53,333 $ 62,017 $ 41,841 77,865 9,317 8,548 14,919 3,850 3,100 750 .2,558 16,950 452 16,498 3,750 2,285 1,465 1,832 $ 217,765 $ 68,487 $ 89,278 $ 61,150 - 60,000 (60,000) - $ 217,765 $ 128,487 $ 89,278 $ 61,150 $(122,545) $ 14,106 $ 136,651 $ 104,800, 300,422 300,422 - 195,622 $ 177,877 $ 314,528 $ 136,651 $ 300,422 Form C 4h ANNUAL FINANCIAL REPORT �I Form C -3 PARK DEDICATION FEES STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Amounts for Year Ended December 31, 1982 1983 Variance Favorable 1982 Budget Actual (Unfavorable) Actual Revenues: Revenue from other agencies Park Dedication Fees Revenue from use of money and property Interest earnings - Investment Trust Fund Total Revenue Expenditures: Transfer to General Fund Total Expenditures Excess of Revenue over (under) Expenditures Fund balance at beginning of year Fund balance at end of year CITY OF COLUMBIA HEIGHTS, MINNESOTA $ $ $ $ 80,846 8,223 8,223 2,990 $ - $ 8,223 $ 82223 $ 83,836 33,590 20,284 13,306 - $ 33,590 $ 20,284 $ 13,306 $ - (33,590) (12,061) 21,529 83,836 83,836 83,836 - - $ 50,246 $ 71,775 $ 21,529 $ 83,836 Form C 45 . ANNUAL FINANCIAL REPORT Form-C -4 RECREATION AND COMMUNITY SERVICES FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Actual Amounts for Year Ended December 31, 1982 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 Other expenses: Playground Athletic supplies Beach program Traveling teams Miscellaneous Total Expenditures Excess of Revenues and Other over (under) Expenditures Fund balance at beginning of year Fund balance at end of year CITY Of COLUMBIA NEIGHTS, MINNESOTA Variance Favorable 1982 Budget Actual (Unfavorable) Actual $ 91,105 $ 91,105 $ - $ 83,995 39,366 41,858 2,492 36,489 $130,471 $132,963 $ 2,492 $120,484 91,105 91,105 - 83,995 $221,576 $224,068 $ 2,492 $204,479 $159,919 $161,363 $ (1,444) $147,536 21,089 22,347 (1,258) 17,354 7,271 5,303 1,968 3,235 1,790 1,750 4o 2,163 697 394 303 2,935 6,450 6,640 (190) 5,813 11,560 11,604 (44) 11,496 22,800 - 22,800 - $231,576 $209,401 $ 22,175 $190,532 $(10,000) $ 14,667 $ 24,667 $ 13,947 34,864 34,864 - 20,917 $ 24,864 L 49,531 $ 24,667 $ 34,864 (Form C 46 ANNUAL FINANCIAL REPORT Form .0 -5 PARATRANSIT FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Actual Amounts for Year Ended December 31, 1982 Revenues: Revenue from other agencies State grant Paratransit fares Total'Revenues Other Financing Sources: Transfer from General Fund Total Revenues and Other Sources Expenditures: Personal services Other services and charges Total Expenditures Excess of Revenues and Other Sources over (under) Expenditures Fund balance at beginning of year Fund balance at end of year LCITY OF COLUMBIA HEIGHTS, MINNESOTA .Variance Favorable 1982 Budget Actual (Unfavorable) Actual $ 20,000 $ 12,346 $ (7,654) $ 15,524 6,000 6,520 520 6,018 $ 26,000 $ 18,866 $ (7,134) $ 21,542 10,000 4,422 (5,578) 7,891 $ 36,000 $ 23,288 $ (12,712) $ 29,433 $ 4,000 $ 2,080 $ 1,920 $ 2,528 32,000 21,208 10,792 26,905 $ 36,000 $ 23,288 $ 12,712 $ 29,433 ANNUAL FINANCIAL REPORT 47 Form C -6 MUNICIPAL STATE -AID STREET FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Actual Amounts for Year Ended December 31, 1982 Variance Favorable 1982. Budget Actual (Unfavorable) Actual Revenues: State of Minnesota: Gasoline tax apportionment - maintenance $ 60,000 $ 62,570 $ 2,570 $ construction 935,000 605,572 (329,428) 102,314 Total Revenue $995,000 $ 668,142 $(326,858) $ 102,314 Expenditures: Maintenance costs $ 60,000 $ 60,000 $ - $ - Construction costs - - - 42 Other Uses: Transfers to Other Funds 875,000 605,572 269,428 72,914 Total Expenditures and Other Uses $935,000 $ 665,572 $ 269,428 $ 72,956 Excess of Revenues over (under) Expenditures and Other Uses $ 60;000 $ 2,570 $ (57,430) $ 29,358 Fund balance at beginning of year 42,647 42,647 - 13,289 Fund balance at end of year $102,647 $ 45,217 $ (57,430) $ 42,647 [CITY OF COLUMBIA NEIGHTS, . MINNESOTA 48 Form C ANNUAL FINANCIAL REPORT Form C -7 CABLE TELEVISION FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Amounts for Year Ended December 31, 1981 Revenues: Revenue from other agencies: Franchise fees $ Revenue from use of money and property Interest earnings - Investment Trust Fund Total Revenue $ Expenditures: Other services and charges $ Supplies Total Expenditures $ Excess of Revenue over Variance Favorable 1982 Budget Actual (Unfavorable) Actual $ 45,664 $ 45,664 -$ 4,464 1,762 1,762 - $ 47,426 $ 47,426 $ . 4,464 $ 3,529 $ (3,529) $ - 175 (175) - $ 3,704 $ (3,704) $ - (under) Expenditures $ - $ 43,722 $ 43,722 $ 4,464 Fund balance at beginning of year 4,464 4,464 - - Fund balance at end of year $ 4,464 $ 48,186 $ 43,722 $ 4,464 Form C I I CITY OF COLUMBIA HEIGHTS, MINNESOTA 49 ANNUAL FINANCIAL REPORT 1 HE CITX OF COLUM$IA HEIGHTS, MINNESOTA NNUA�NDED rINANCIAL KEPQRT EAR llECEMBER 1, 983 DEBT SERVICE FLIDS Debt Service Funds are used to account for the collection of tax levies and other revenues and to record the payment of principal and interest on outstanding General Obligation bonds. TABLE OF CONTENTS Page Combining Balance Sheet Form D 50 -51 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Form D -1 52 -53 DEBT SERVICE FUNDS COMBINING BALANCE SHEET December 31, 1983 With Comparative Totals for December 31, 1982 I CITY OF COLUMBIA NEIGNTS, MINNESOTA 50 ANNUAL FINANCIAL REPORT Capital Storm Sewer City Garage Improvements Bonds of Bonds of Bonds of 1965 1972 1976 ASSETS Cash: Treasurer's balance $ 125,272 $ 63 $ 56 Deposited with paying agent 92,790 - - Investments, at cost 88,300 10,700 49,400 Taxes receivable- delinquent 4,340 - - Less: Allowance for uncollectable taxes (4,340) - - Due from other funds - - - Total Assets $ 306,362 $ 10,763 $ 49,456 LIABILITY AND FUND BALANCE Liability: Matured bonds and interest payable $ 92,790 $ - $ - Fund balance- reserved for debt service -- Form D -1 213,572 10,763 49,456 Total Liability and Fund Balance $ 306,362 $ 10,763 $ 49,456 I CITY OF COLUMBIA NEIGNTS, MINNESOTA 50 ANNUAL FINANCIAL REPORT 1 ' Tax Increment Tax Increment Bonds of Bonds of 1980 1982 ' $ (125,237) $ 50 11,254 - $ (113,983) $ 50 ' $ 11,254 $ - ' (125,237) 50 $ (113,983) $ 50 I ' CITY OF COLUMBIA NEIGNTS, MINNESOTA Fo rm D Totals 1983 1982 $ 204 $ 293 104,044 182,655 148,400, 640,400 4,340 (2,294) (4,3.40) 2,294 - 15,400 $ 252,648 $ 83'8,748 $ 104,044 $ 182,655 148,604 656,093 $ 252,648 $ 838,748 51 ''•ANNUAL FINANCIAL DEPORT DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31, 1983 With Comparative Totals for Year Ended December 31, 1982 Revenues: General property taxes: Collected by county Current ad valorem Delinquent ad valorem Revenue from other sources: Property tax relief (Homestead) Sale of land Miscellaneous Interest earnings: Investment Trust Fund Inter -fund loans Total Revenues Other Financing Sources: Transfers from: Downtown Development Sewer Utility Fund Total Revenues and Other Sources Expenditures: Bonds matured Interest on bonds Fiscal agent charges Total Expenditures Excess of Revenues and Other Sources over (under) Expenditures Fund balance at beginning of year Fund balance at end of year CITY OF COLUMBIA NEIQNTS, MINNESOTA 52 Storm Sewer City Garage Bonds of Bonds 1965 1972 $ 97,202 $ 3,668 - 40,202 - 15,859 1,174 1,069 - $ 158,000 $ 1,174 15,000 - $ 173,000 $ 1,174 $ 130,000 $ - 9,720 - 85 - $ 139,805 $ - $ 33,195 $ 1,174 180,377 9,589 $ 213,572 $ 10,763 ANNUAL FINANCIAL tEPORT Form D -1 Capital Improvement Tax Increment Tax Increment Bonds of Bonds of Bonds of Totals 1976 1980 1982 1983 19r2 $ - $ 59,643 $ - $ 156,845 $ 204,332 - - - 3,668 3,617 - 5,845 - 46,047 62,112 - 181,377 - 181,377 409,110 - - - - 50 11,160 3,524 - 31,717 74,517 - - - 1,069 1,485 $ 11,160 $ 250,389 $ - $ 420,723 $ 755,223 - - 30,200 30,200 - - - - 15,000 15,000 $ .11,160 $ 250,389 $ 30,200 $ 465,923 $ 770,223 $ 115,000 $ 10,000 $ - $ 255,000 $ 340,000 5,290 672,550 30,150 717,710 702,108 74 493 50 702 .771 $ 120,364 $ 683,043 $ 30,200 $ 973,412 $1,042,879 $ (109,204) $ (432,654) $ - $(507,489) $ (272,656) 158,660 307,417 50 656,093 923,749 $___±9,456 $ (1251237) $ 50 $ 148,604 $ 656,093 CITY OF COLUMBIA NEICNTS, MINNESOTA 53 NINUAL i1NANCiAL REPORT HE CIT OF COLUM IA HEIGHTS, MINNESOTA NNUA TINA C1AL KEP RT tNDED BECEMBER 1, 1983 1 EAR i 1 i CAPITAL PROJECT FUNDS 1 1 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 1 Grants, etc. TABLE OF CONTENTS 1 P_ge Combining Balance Sheet Form E 54 -55 1 Combining Statement of Revenues, Expenditures Form E -1 56 -57 and Changes in Fund Balances CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET December 31, 1983 With Comparative Totals for December 31, 1982 ASSETS Cash: Treasurer's balance Investments at cost Accounts receivable: Accrued interest Total Assets LIABILITIES AND FUND BALANCE Liabilities: Accounts payable Accrued salaries 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 NEIGHTS, MINNESOTA 54 Capital Improvement Fund 308 $ 64 63,200 $ 63,264 476 S 476 $ 62,788 $ 62,788 S Aq_9A4 ANNUAL FINANCIAL REPORT 1 $ $ 18,910 1,603,276 $ 18,910 $ 1,603,276 S 18,910. $ 1,603,276 ' CITY OF COLUMBIA NEIONTS, MINNESOTA 55 Form E Totals 1983 1982 $ 164 $ 112 1,647,980 1,866,502 37,306 13,388 $ 1,685,450 $ 1,880,002 $ - $ 2,595 476 - $ 476 $ 2,595 $ 62,788 $ 1,788,508 1,622,186 88,899 $ 1,684,974 $ 1,877,407. $ 1,685,450 S 1,880,002 ANNUAL FINANCIAL REPORT ' Sullivan Downtown Land Lake Acquisition ' Fund 807 Fund 312 $ 1.0 $ 90 18,900 1,565,880 ' - 37,306 ' $ 18,910 $ 1,603,276 _ $ _ $ - $ - 1 $ $ 18,910 1,603,276 $ 18,910 $ 1,603,276 S 18,910. $ 1,603,276 ' CITY OF COLUMBIA NEIONTS, MINNESOTA 55 Form E Totals 1983 1982 $ 164 $ 112 1,647,980 1,866,502 37,306 13,388 $ 1,685,450 $ 1,880,002 $ - $ 2,595 476 - $ 476 $ 2,595 $ 62,788 $ 1,788,508 1,622,186 88,899 $ 1,684,974 $ 1,877,407. $ 1,685,450 S 1,880,002 ANNUAL FINANCIAL REPORT CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31, 1983 With Comparative Totals for year ended December 31, 1982 Revenues: Interest earnings - Investment Trust Fund State Grant Total Revenues Other Financing Sources: Bond proceeds Transfers from other funds 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 HEIGHTS, MINNESOTA 56 Capital Improvement Fund 308 $ 5,874 $ 5,874 $ 5,874 $ 7,288 $ 7,288 $ 7,288 $ (1 ,414) 64,202 $ 62,788 ANNUAL FINANCIAL REPORT Form E -1 Sullivan Downtown Land Lake Acquisition Totals Fund 807 Fund 312 1983 1982 $ 2,349 $ 129,256 $ 137,479 $ 208,623 - - - 25,103 $ 2,349 $ 129,256 $ 137,479 $ 233,726 445,612 - 347,468 347,468 - $ 2,349 $ 476,724 $ 484,947 $ 679,338 $ -_ $ - $ 7,288 $ 26,711 1,236 631,756 632,992 362,990 $ 1,236 $ 631,756 $ 640,280 . $ 389,701 6,900 30,200 37,100 36,406 $ 8,136 $ 661,956 $ 677,380 $ 426,107 $ (5,787) $ (185,232) $ (192,433) $ 253,231; 24,697 1,788,508 1,877,407 1,624,176 $ 18,910 $ 1,603,276 $ 1,684,974 $ 1,877,407 e4i yy91 /37 3ys1� �6z 6y8 Y0, ZSl I l CITY Of COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT 57 HE CITX OF COLUM IA HEIGHTS, MINNESOTA NNUA TINA�jCIAL KEP RT EAR OED iJECEMBER 1, 1983 SPECIAL ASSESSMENT 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 58 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Form F -1 59 Combining Statement of Changes in Fund Balance Form F -2 60 Fo rm F SPECIAL ASSESSMENT FUNDS COMBINING BALANCE SHEET December 31, 1983 With Comparative Totals for December 31, 1982 Permanent Permanent Improvement Improvement Revolving Revolving Fund Bond Fund ASSETS Cash Treasurer's balance Deposited with paying agent Investments, at cost Accounts receivable Special assessments receivable .Delinquent Deferred Allowance for delinquent assessments Due from State Aid Fund Total assets LIABILITIES AND FUND BALANCE Liabilities Accounts payable Accrued payroll Contracts payable Deposits Bonds payable Matured bonds and interest payable Deferred revenue Total liabilities Fund Balance (deficit) Unreserved - Undesignated Total liabilities and fund balance [CITY OF COLUMBIA NEIGNTS, MINNESOTA Totals 19 2 1983 Restated' $ 96 $ 30 $ 126 $ 51 - - - 5,108 1,568,100 6,500 1,574,600 1,568,624 2,889 - 2,889 29,418 152,744 152,744 137,120 1,048,215 - 1,048,215 1,335,493 (152,744) - (152,744) (137,120 101,474 - 101,474 103,368 $ 2,720,774 $ 6,530 $2,727,304 $3,042,062 $ - $ - $ - $ 14,746 962 - 962 464 31,168 - 31,168 15,315 8,511 - 8,511 8,511 - 2,550,000 2,550,000 2,550,000 - - - 5,108 1,048,215 - 1,048,215 1,335,493 $ 1,088,856 $ 2,550,000 $3,638,856 $3,929,637 $.1,631,918 $(2,543,470) $ (911,552)$ (887,5 $ 2,720,774 $ 6,530 $2,727,304 $3,o42,062 ANNUAL FINANCIAL REPORT 1 1 1 1 1 Form F -1 SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31, 1983 With Comparative Totals for Year Ended December 31, 1982 Permament Permanent Improvement Improvement Totals Revolving Revolving 19F2- Fund Bond Fund 1983 Restated Revenues: Special assessments $ 594,541 Interest earnings 184,433 Administration charges to projects 24,966 Miscellaneous 69,090 Total Revenues $ 873,030 Other Financing Sources: Transfers from: Permanent Improvement Revolving Fund - Sewer Utility Fund - State Aid Fund 605,572 Total Revenues and other Sources $1,478,602 $ $ 594,541 $ 463,537 587 185,020 26,690 24,966 74,976 69,090 23,857 $ 587 $ 873,617 $ 589,060 170,927 170,927 2,530,308 - - 37,094 605,572 72,914 $ 171,514 $ 1,650,116 $ 3,229,376 Expenditures: Capital project expenditures: Construction contracts $ 838,368 $ - $ 838,368 $ 613,048 Other project costs 151,893 - 151,393 214,218 Administration costs 54,511 - 54,511 113,461 Bond discount - - - 24,862 Interest on bonds - 170,850 170,850 - Fiscal agent charges - 77 77 17 Total Expenditures $1,044,772 $ 170,927 $ 1,215,699 $ 965,606 Other Financing Uses: Transfered to Downtown Development 287,467 - 287,467 - Transfer to Permanent Improve- ment Revolving Fund - - - 2,525,138 Transfer to Permanent Improve- ment Revolving Bond Fund 170,927 - 170,927 5,170 Deferred tax levies (1982) can - elled - - - 5,500 Total Expenditures and Other Uses $1,503,166 $ 170,927 $ 1,674,093 $ 3,501,414 Excess of Revenues and Other Sources over (under) Expend -$ (24,564) $ 587 $ (23,977) $ (272,038) CITY OF COLUM�IA s NE16HThWINsOTA 59 TIMINCIIIE Form F -2 A SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT OF CHANGES IN FUND BALANCE Year Ended December 31, 1983 With Comparative Totals for December 31, 1982 Permanent Permanent Improvement Improvement Totals Revolving Revolving 1982 Fund Bond Fund 1983 Restated Fund balance at beginning of year as originally reported Adjustment for change in accounting for special assessment revenues. As Adjusted Excess of Revenues and other sources over (under) Expenditures and other uses Fund Balance at end of year $ 2,841,591 $(2,544,057) $ 297,534 $ 5,775 0 ,185,109) (1,185,109) (621,312) $ 1,656,482 $(2,544,057) $ (887,575) $ (615,537) (24,564) 587 (23,977) (272,038) $ 1,631,918 $(2,543,470) $ (911,552) $(887,575) ITY OF COLUMBIA REIGNTS, MINNESOTA 60 ANNUAL FINANCIAL REPORT HE CITx OF COLUM IA HEIGHTS, MINNESOTA NNUA TINABCIAL KEIRT EAR tNDED ECEMBER 1, 1933 HOUSING AND REDEVELOPMENT AUTHORITY Table of Contents Page Combining Balance Sheet Form G 61 -62 Combining Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual Form G -1 63 -64 Combining Statement of Changes in Fund Balance Form G -2 65 U E L- 0 u- ■ !L� W N S C` Q O O] L7 S � H J Z O U O U LL- 0 W Q W M >} S 0 00 H N Z Ol Q w W O U (n x Z W H Q 0_ M =) J } QQF- L m a) F- = C Z E W W S a) x Z LL u a - u O O] J W O I- > U Z W W G i W Z W C > Z O Q L7 L7 J Z J — Q Ln O. S .D C 7 LL 10 C a) E c L a) > 0 U LCITY OFL COLUMBIA NEIGNTS, MINNESOTA 61 ANNUAL FINANCIAL REPORT rn —.- MM ODD MM-:r%D 1-�0 �D +r .- N UN M M Ln N 00 %D N Ln 00 ^ Ln N Lfl 00 C M Lfl 00 O O O Ln %0 LLl O ^ O •- Ln Lf% Lr% •• c N ^ ^ a) c ^ ft 1n V> m 00 M n Ulm- -S 00 r-� O •- M %D ? M 00 N .. al %D 00 .. N N N %0 00 — N N M 1" C m C N N L!1 t0 O 4J 4 7 V) +J � u w E a) a) C N U a) L > D •-. M (D m C E Cr -0 i-J -c m a L L O m N O O 00 00 M O 00 Lfl 00 1-% %0 ? %0 M N L %D O N 00 00 %0 0%000 ^ M M O M %0 O %D M N M M Ltl U"% M -T Lfl Ln Ol M Lfl 00 EM ^ ^ ^ 1 a) co M lD 1l: N -7 N O 1D c E M -Z' ON n -'r N— Ol M 00 ? ...- .- N M O 1 0> x n 4-J - •> N N L . O 1n a) ID > .D m rn 4- O C E ♦D M Ol >— E > JJ >. 7 0 — c +j L -0 Ol �D Lfl L- L c a) m ±r .-- x L -0 m C a a N M L 0) +J a) O L C 0 0 m L m E > L. 4-j u> O-c c E +-1 :3 (-> MX >> •- a) L Q) 1 .D w O •- 4- +J a) a 00 0 4-1 ++ O1 c LT a) ,,, 41 L O •— O O C 0 (D c u a) +-+ - E c u O -0 1 0 -[ ,n N vt N 0-- J a) >, +1 of 41 u N EM i W04Jcn Q {JC - 004 Ia'D0J C I- O O Vt VI VI 3 4- a) G U Q C •- - 4- Ol •ID 0) c— c Ol 1D _0 a- 0 0 0 c W Q u c a a> > L Vf > u X- () a) M 0 0 04- Q) X N =Q c _jLd� C •- Vf ) L M M O LL Q L7 N N N 00 N M O 00 L!l M _:r %D O %D %D N Lf1 () M O N Ltl Ln M M .7 00 - C •u Lfl L!l M 00 N N a) N ^ -T N Lf1 a) > D_ C) N C <R O N 00 00 00 Lll r-, 1\ Ol r- �D 1l- 00 00 00 — M O 00 M N Ol M M N Lfl LCD Ol 1 I I I 1 1 1 N L C CC) • -,\D'^ O _:r --T ^ W D N 1-- M �O c LL M N 1� Q) �D cz LCITY OFL COLUMBIA NEIGNTS, MINNESOTA 61 ANNUAL FINANCIAL REPORT +r ). C V) •• c u a) c 1n V> m c E O Q +r -0 a) a) — X m C Q - t0 4J 4 7 +J � u a) a) C N U a) L > D •-. M (D C E Cr -0 i-J -c m a L L •- C 0) O C — 0 •7 0 •- a-' O c +r. .- 4- 4- u E •- C O LL- 4) 0 1 0> x O c 4-J - •> u O O 1n a) ID > .D m rn 4- O C E W >— 7 O 4-+ > JJ >. 7 0 — c +j L -0 L N --0 •a) L c a) m ±r .-- x L -0 m C a a N M L 0) +J a) O L C 0 0 m L m E > Q u> O-c c E +-1 :3 (-> MX >> •- a) L O M In w O •- 4- +J a) a u w 0 4-1 ++ •- (n a -0 a) -0 a ,,, 41 L a) O E 0-- •— u 4- 0 0 a) c 41 (D c u a) +-+ - E c O 0 u- -0 1 0 -[ ,n a) vt a) u E L a) 0-- M d E a) >, +1 of 41 u N EM i W04Jcn Q {JC - 004 Ia'D0J C I- - Vt 7 VI 3 4- a) G U Q C •- - 4- An •ID 0) c— c .c 0 0 0 0 c W Q u c a a> > Vf > u X- () a) M 0 0 04- O C +1 =Q c _jLd� � aa¢ ) L ¢Hc LCITY OFL COLUMBIA NEIGNTS, MINNESOTA 61 ANNUAL FINANCIAL REPORT ll 1 O E L- 0 LL a) 7 C C O tj W O` F- 0 Z Li en J 000 Q 01 Z ^ Lu M W L- :::- a) O C7 E I U Q) F- G U1 W 2 N LLd U Z Q J Q m u Z Z im O U a) F- u- (u E C L a) > O C7 CITY OF. COLUMBIA NEIGNTSI MINNESOTA 62 ANNUAL FINANCIAL REPORT is 00 O ^ "D 01.E ? N O 00 lD U1 O1 (p N O N U1 01 N U1 00' U% M 1", M Ol 00 N .- U1 U1 U1 M N ^ O U1 %D 00 O O 00 V) 01 ^NMM%DMM ^ 00 ^O1 N V) iJ OO -zr N M %D U1 -:r m C 00 N N N N M Lr C L} O N E X O M E •a) _O d >. 4_ a) z _ •7 y 4-J W O m Ul U1 M O? 00 N 0100 L M N H- L Ln ^01 I'D Nnn O O 01O O N ? U1 ^ 1l, O U1 N (0 -0 Q) O 00 E M z >. •— 1 C, a) 00 N M O ID O1 N 4 E c O E 01 ? 00 ^U1-:rM M ^ ^ O 3 O c M N N N .0 M U% Y .? VI Vi L c y} E V a) 01 Q a) 41 •u O c + a) (0 a) I I Ln •- 1� •C O 7 1� L F- 4J ^ ^ 1 1 1 N 1 1 F 1 1 4- 4-J w (o O -0 m O 4J • • C 0) a) 00 01 maa)a)mm>,44)) m a) c C O O ^ F- O CD O >.aa))u0 o ma) a -0 a +J -C +J E c 4- 4- � n N -� N Ln •- 41 - +J m a) c N E ++ m O O Vf O O. 41 4V) J 1 I I I I I I 1 01 c •- a 01 O1 L Cu a) U O I 1 1 L " L 4J ♦J O X o ^ m J O 7 a) (o (L) C •- in O a) a) m (o a.+ U_ U a) Lj. Q c C V) L V) L M 4-1 M M C7 m C 7 7 7 7 a) C. a) c O O t m </% — O D N w O N N F- CL O1 U1 O -S n U1 011 %D •- r"^ N 1�N ^ MM M U1 ^ a) 01 n O N -!r 00 (0 7 I 1 1 I - c •u M M 01 N 00 1: N N U1 N O M U1? ^ n *10 M U1 a) > ^ M N M �D N w t\ 00 t� U1 N n ^ 01 f0 N M %.0 a) c 00 ? N C 7 N Ln Ln n O LL. %D %D %D C7 t/Y 4/ CITY OF. COLUMBIA NEIGNTSI MINNESOTA 62 ANNUAL FINANCIAL REPORT is V) (p +� L V) a) V) iJ 4J m C C V) N a) •- 4J X O M E •a) _O d >. 4_ a) z _ •7 y 4-J W N 2 > N L M D. G N (0 -0 Q) LL• vii z >. •— L C, w 4 E c O a+J) t=i 3 c m .0 C Y .? VI m �O L c V Q a) 41 •u O c + a) •V) •C O 7 •7 C C N -0 -04- 4- -0 4- 4-J w (o O -0 m O 4J • • .- maa)a)mm>,44)) W ^ F- >.aa))u0 o ma) a -0 a +J -C +J E c 4- 4- � n a t -� (o Ln •- 41 - +J m a) c (o E ++ m .(J +J M O Vf v a) m a) U a) L u- J U 4- Q c •- a •- a) O O a) > .n > a) > (v U O L " L 4J ♦J . C L •-n L V) ^ m J O 7 a) (o (L) -o — -o a) O a) a) m (o a.+ U_ U U c C V) L V) L 4J 4-1 L U a) O m C 7 7 7 7 a) C. a) c O O t m Q N Z:;. — O D LL- LL W w O F- H F- CL CITY OF. COLUMBIA NEIGNTSI MINNESOTA 62 ANNUAL FINANCIAL REPORT is Form G -1. HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GOVERNMENTAL FUND TYPES Year Ended December 31, 1983 General Fund Variance Favorable Budget Actual (Unfavorable) Revenues: Rents $ - $ - $ - Loans and grants - Department of Housing and Urban Development - - - Other revenue 69,492 97,741 28,249 Total Revenues 69,492 97,741 28,249 Expenditures: Administration 36,248 45,432 (9,184) Utilities, maintenance and operations - - - Loans and grants 17,548 71,398 (53,850) Rental assistance 16,476 16,581 (105). Principal reduction - - - Interest - - - Other expenditures - 2,975 .(2,975) Total Expenditures 70,272 136,386 {66,114) Excess (deficiency) of revenues over expenditures (780) (38,645) (37,865) Transfer of residual equity 325,000 354,563 29,563 Fund balance at beginning of year, as restated 337,753 337,753 - Fund balance at end of year $ 661,973 $ 653,671 $ (8,302) The accompanying notes are an integral part of the financial statements [CITY OF COLUMBIA NEIGNTS, MINNESOTA 63 ANNUAL FINANCIAL REPORT Form G-1- Special Revenue Fund Totals (Low-income Housing Fund Only) (memorandum only) Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 127,800 $ 126,790 $ (1,010) $ 127,800 $ 126,790 $ (11010) 32,466 201,862 .169,396 32,466 201,862 169,396 .5,200 9,502 4,302 74,692 107,243 32,551 $ 165,466 $ 338,154 $ 172,688 S 234,958 $ 435,895 $ 200,937 26,230 25,408 822 62,478 70,840 (8,362) 139,180 130,631 8,549 139,180 130,631 8,549 - - 17,548 71,398 (53,850) ' - - 16,476 16,581 (105) - 108,925 0 08,925). - 10`8,925 (108,925) - 102,644 (102,644) - 102,644 (102,644) ' 379 (379) - 3,354 (3,354) 165,410 367,987 (202,577) 235,682 504,373 (269,691) 56 (29,833) (29,777) (724) (68,478) (67,642) - - 325,000 354,563 29,563 238,438 238,438 - 576,191 576,191 - S 238,494 $ 208,605 $ (29,777) S 900,467 $ 862,276 $ (38,079) CITY OF COLUMBIA NEIGNTS, MINNESOTA k.64 ANNUAL-FINANCIAL REPORT Form G -2 HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUND TYPES Year Ended December 31, 1983 Revenues: Rents Proceeds from sale of building Loans and grants: Economic Development Administration Community Development Block Grant Department of Housing and Urban Development General obligation bond proceeds through City of Columbia Heights Other revenues , Total Revenues Expenditures: Administration Utilities, maintenance and operations Loans and grants Rental assistance Property acquisition Structural preparation Relocation assistance Legal and professional Principal reduction Interest Other expenditures Total Expenditures Excess (deficiency) of revenues over expenditures Transfer of residual equity Fund balance at beginning of year, as stated Fund balance at end of year The accompanying notes are an integral part of the financial statements LCITY OF COLUMBIA NEIGNTS, MINNESOTA Special Totals General Revenue (memorandum only) Fund Funds 1983 1982 $ - $ 126,790 $ 126,790 $ 113,632 - - 325,000 153,111 153,111 833,808 430,109 430,109 613,417 201,862 201,862 218,610 - 604,298 604,298 189,225 97,741 20,747 118,488 27,799 97,741 1,536,917 1,634,658 '2,321,491 45,432 94,979 140,411 143,611 - 137,571 137,571 124,225 71,398 8,047 79,445 77,795 16,581 - 16,581 5,868 - 872,802 872,802 1,503,443 - - - 274,634 - 79,370 79,370 58,584 - 40,761 40,761 111,202 - 108,925 108,925 158,470 - 102,644 102,644 2,975 3,615 6,590 (505) 136,386 1,448,714 1,585,100 2,457,327 (38,645) 88,203 49,558 (135,836) 354,563 (354,563) - - 337,753 601,796 939,549 1,075,385 $653,671 $ 335,436 $ 989,107 $ 939,549 6S ANNUAL FINANCIAL REPORT .1 11 HE CITx OF COLUM$IAHEIGHTS, MINNESOTA NN INAVCIAL 1953 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 Pam• e_ Combining Balance Sheet Form H 66 -67 Combining Statement,of Revenues; Expenses, and Changes in Retained Earning's Form H -1 68 -69 Combining Statement of Changes in Financial Position Form H -2 70 -71 Municipal Liquor Fund: t Balance Sheet Form 1 72 Statement of Revenues, Expenses and Changes in Retained Earnings Form 1 -1 73 -74 Statement of Changes in Financial Position Form 1 -2 75 Schedule of Revenues.- Off Sale Form 1 -3 76 -77 Schedule of Operating Expenses Form 1 -4 78 -79 Schedule of Property, Equipment and Accumulated Depreciation Form 1 -5 80 -81 Water Utility Fund: Balance Sheet Form J 82 Statement of Changes in Fund Equity Form J -1 83 Statement of Revenues and Expenses Form J -2 84 Statement of Changes in Financial Position Form J -3 85 Schedule of Property, Equipment and Accumulated Depreciation Form J -4 86 -87 Sewer Utility Fund: Balance Sheet Form K 88 Statement of Changes in Fund Equity Form K -1 89 Statement of Revenues and Expenses Form K -2 90 Statement of Changes in Financial Position Form K -3 91 Schedule of Property, Equipment and Accumulated Depreciation Form K -4 92 -93 11 L a) to 'G %D 110 f- a,, --T m M -7' to - f� 00 -T LIl fl- N CO ♦D 01 n D1 a) 0lN M? N N M Cif M_ f� MLnN nM N O r" +-J N 4 •- N f� f�CO N- O u1 01% 7 - O M LA U*%00 O m C1 O ul C - 0) u ro •— O -o — a) 4J E M 441 Lfl LIl M 00 -:r N ? 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N - M ul n N N M - a-+ 3 4J LL - M O � - ^ � L11 00 01 f0 C O M - LI1 N - L!l O -T M W L -W W U O O N N - - - Z -0 F- < E J 0) a) Q u> f_ O M M M LI1 M _' f� 00 r- M 00 - m a) •- %D O r� u\ N - OD N 00 M co � O C dJ O LA 00 _' - %D u\ __r N O O 01 ? cm m I I 1 Z L L LJ1 N ^ LJ1 r- 0 0l N- f� M 01 t0 O "0 00 -:r M 00 N - M %D \D 01 Z a 7 C M - LJ1 - Lrn — E U :3 in O •- LL - i Vv O U .0 4J a) to to u •— to c C +-J (U — W - O c a) > > N C - 0) u ro •— O -o — a) 4J E c > a) — U to — E •D m a t0 - u (a •O > a - •u - 3 a) +.+ +J to — .0 •— � O U L C m 7 a) tT (u a) a) u C 0' 4J L LLJ Q) L N E to a) m a) c a � • • +-t C a to r a) a) v +) ...a to C L O Q Q) }+ -0 E •t7 C to 4- to m +-J a) a) •- N - -W c a m N O 0 a) > C E > - 4-) - -D Q) C L t0 •- '0 f" u - .- 7 to O a C to -0 (0 L >� In w 4-) -0 u 0 to 0) a a) a) m > L E L a) rr W 41 4-+ (n 4-J a) M U U a) 7 L - > - a) a +-J L a) f0 L N N tt) c i-+ a) u N L N L •— a) 4- — •D O 7 a) to Q u L M to a) D m a) u a) +1 -0 7 a to • a) 10 = 4- L.) > u a) O U to •- C E O Q Vl !n tlf - to 'o 4+ 0 a) L W 4.+ C R) 7 L N 0 L — C L — u CL a) C� O C m >� m u to m -0 N 0) > >• M u f0 N a) .a U O- •- E L 41 N to 41 +J c YJ) E 4- L 41 Q 41 41 to E M C O •- U 0 0 O cc 41 u O m c a) a) 0 () O Q 41 > 7 u-0 a) L 41 H C m H •- > a) C f Z f- Ln •- u c a 4- C -0 :3 L >- -0 O U •- 41 .0 () 0) L Q = N a) a) 0 +J +1 -0 - L •- L to c w> u 0 a) > L u c L C •— a 4- U - to a) M C 04- c L u 0 0 tt) Z) E 4- m a) LLB mQ u aJam —OE J L 4- O 0 L U C d CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT �� a) C C O V v N G Z Li. W (n w a a � U W M 1-00 •L Z m C W ^ L a 1 � L c f M u W W L- E W a) u u Z a) Q G J Q m Q Z Z m U1' r%, 10 _ 0 O m F- E M L M O M %.D LU. 0 a) C C O V v N G Z Li. W (n w a a � U W M 1-00 •L Z m C W ^ L a 1 � L c f M u W W L- E W a) u u Z a) Q G J Q m Q Z Z m >. 00 r%, N O O Q1 m C1 M M M MO M M^ M %.D C14 4-J 0 00 00 O O O 01 00 m > N O ^ 1*, M O n 1l- Lr1 ^ ^ ^ C1 O N N N (n %D �D vY ^ N N t/> I� M M L rN 00 LLr% 1*% �D U-% -' N %D N N coo C1 Ln M 00 OO m N M. Lf� -:T m M N >. 00 r%, N O O Q1 m C1 M M M MO M M^ M %.D L!� 0 00 00 — 1 I > N — 7 O --T Ulf N 1l- Lr1 ^ ^ ^ C1 O N N N (n %D �D vY >. N Lf1 r%, 1"- ^ 00 L 4-1 1- O 11, 0000 -�r a) .- M %.D Cl M 00 00 — 1 I > N — 7 %D %D 1-% r- 00 Lr1 N +J LL ^ L!1 L!\ O N ^ N N t/> N> An- crl$ %D U-% -' N %D coo C1 Ln M 00 OO m 00 -:T m M N a) .- LA 1�- N M Lf1 Cl N EA 1.0 C1 M N C1 Ip .- 4J coo C1 Cl 3 4-1 LL. •7 - =D to C -W LL M M L N 41 c- •- N O - a) "a C 1%� 00 L!\ 00 00 1 1 I O •- Lr r. M of L.1 C\ L ul M M Cl p � IT 4- Ufa L11 Un 7 C +/ fp •- ZT 7 U1 7 •- •- LL •- >� L L L) C L LL J Vi W ^ m m a) 0) X 'O O c u — a> > u- m W +� >_ EA _m 4J a) Z •7 - =D to C -W LL Ql L N 41 c- •- - a) "a C Ut W ^ > C a) O •- Q IT 4- L - •C C m +/ fp •- 7 U1 7 •- N •- >� L L L) C L LL J >. W ^ m m a) 0) O m +' •— s r — a� — •3 .a 0 a� m fp to O O J T 42 -0 0 �-0 a) O O W c •O •L F- H m 7 7 � �+ •- Q +i 0 L v a+ tp c u U 0) a) W c+ .:! a) U u 7 7 O O LQQ CC L C � 7 U W CITY OF COLUMBIA HEIGHTS, MINNESOTA 67 ANNUAL FINANCIAL REPORT COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - ENTERPRISE FUNDS Year Ended December 31, 1983 With Comparative Totals for Year Ended December 31, 1982 CITY OF COLUMBIA HEIGHTS, MINNESOTA 1 68 ANNUAL FINANCIAL REPORT Liquor OPERATING REVENUES: Sales $ 1,123,671 Cost of sales 902,103 Gross Profit $ 221,568 OPERATING EXPENSES: Personal services 113,238 Other services and charges 35,608 Supplies 6,126 Source of supply /disposal charges - Total 154,972 OPERATING INCOME BEFORE DEPRECIATION 66,596 DEPRECIATION 4,051 OPERATING INCOME (LOSS) 62,545 NON- OPERATING REVENUES (EXPENSES): Interest income 126,283 Interest expense - Other income (expense) - net (13,358) Total 112,925 Income before transfers and extraordinary item 175,470 Transfers to other funds (57,959) Net Income before extraordinary item 117,511 EXTRAORDINARY ITEM - Net Income 117,511 TRANSFER DEPRECIATION ON CONTRIBUTED ASSETS - Income Transferred to Retained Earnings 117,511 RETAINED EARNINGS, BEGINNING OF YEAR As originally reported 1,420,609 Adjustment - Depreciation on Contributed Assets - Adjustment - ,Change in Accounting for Vacation & Sick Pay (2,245) As Adjusted 1,41874 RETAINED EARNINGS, END OF YEAR 1,535, 75 CITY OF COLUMBIA HEIGHTS, MINNESOTA 1 68 ANNUAL FINANCIAL REPORT Form H- I CITY OF COLUMBIA NEIGNTS, MINNESOTA 29 ANNUAL FINANCIAL REPORT Totals Water Sewer 1983 g 2 Restated $ 835,032 $ 817,764 $ 2,776,467 $ 2,427,915 - - 902,103 781,624 $ 835,032 $ 817,764 $ 1,874,364 $ 1,646,291 107,824 134,708 _ 355,770 369,114 41,563 36,073 113,244 135,676 20,733 18,791 45,650 46,471 479,358 281,336 760,694 699,575 649,478 470,908 1,275,358 1,250,836 185,554 346,856 599,006 395,455 40,888 54,258 99,197 101,189 144,666 292,598 499,809 294,266 19,970 45,295 191,548 172,135 (1,069) - (1,069) 50 (5,989) (19,297) (23,559) 18,951 39,306 171.182 1 7,091 163,617 331,904 670,991 441,357 - (15,000) (72,959) (52,094) 163,617 316,904 598,032 389,263 _ - - 292,518 r _ 163,617 3.16,904 598,032 681,781 26,294 38,935 65,229 65,229 183,,g11 355, &39 663,261 747,0.10 659,187 1,208,711 3,288,507 1,062,892 - - - 1,477,263 (13,166) (13,166) (28,577) (27,235) 021 1,195,545 3,259,930 2,512,920 ` 35,9 $1,551239 $ 3,923,191 $ 3,259,930 CITY OF COLUMBIA NEIGNTS, MINNESOTA 29 ANNUAL FINANCIAL REPORT COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION ENTERPRISE FUNDS Year Ended December 31, 1983 With Comparative Totals for Year Ended December 31, 1982 Liquor SOURCES OF WORKING CAPITAL: Operations: Net income before extraordinary item $ 175,470 Items not requiring (providing) working capital Depreciation 2,502 Working Capital Provided by Operations, before $ 177,972 Extraordinary Item Extraordinary Income - Decrease in long term contract receivable - Decrease in deferred receivable- reserve capacity - ` Total Sources of Working Capital $ 177,972 USES OF WORKING CAPITAL: Additions to property and equipment -net $ 167 Reduction of due to other funds - Decrease deferred credit - revaluation gain - Transfer to other funds 57,959 Total Uses of Working Capital $ 58,126 INCREASE (DECREASE) IN WORKING CAPITAL $ 119,846 ELEMENTS OF. NET INCREASE (DECREASE) IN WORKING CAPITAL Cash $ (24) Investments 114,800 Accounts receivable (101) Inventory 26,871 Accounts payable (25,010) Due to other funds - Due from /to other government units - Accrued liabilities 3,310 Net Increase (Decrease) in Working Capital $ 119,846 CITY OF COLUMBIA NEIGNTS, MINNESOTA 70 ANNUAL FINANCIAL REPORT Form H -2 1982 Water Sewer 1983 Restated $ 163,617 $ 316,904 $ 655,991 $ 389,263 40,888 54,258 97,643 101,189 $ 204,505 S 371,162 $ 753,639 $ 490,452 - - - 292,518 - 10,994 10,994 10,571 _ 1,758 1,758 1,597 $ 204,505 $ 383,914 $ 766,391 $ 795,138 $ 14,689 $ 8,629, $ 23,485 $ 20,429 - - - 15,400 - - - .292,518 - - 57,959 - $ 14,689 $ 8,629 $ 81,444 $ 328,347 $ 1891816 $ 375,285 $ 684,947 $ 466,791 $ (64) $ 49 $ (39) S (3,864) 165,100 244,724 524,624 176,776 15,332 75,083 90,314 225,125 (904) - 25,967 5,444 (3,332) 4,199 (24,143) 67,283 15,400 - 15,400 (11100) - 49,870 49,870 - (1,716) 1,360 2,954 (2,873) $ 189,816 $ 375,285 $ 684,947 $ 4662791 CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT . 7 1 Form I MUNICIPAL LIQUOR FUND COMPARATIVE BALANCE SHEET December 31, 1983 and 1982 1982 1983 Restated ASSETS Current Assets: Cash: Treasurer's balance $ 67 $ 91 Imprest cash and change funds 5,000 5,000 Total Cash $ 5,067 $ 5,091 Investments, at cost 1,382,500 1,267,700 Accounts receivable 73 174 Merchandise inventory, at cost 147,813 120,942 Total Current Assets $ 1,535,453 $ 1,393,907 Property and Equipment: Land $ 7,125 $ 7,125 Buildings 80,613 70,260 Improvements other than buildings 9,584 19,665 Office furniture and equipment 22,427 872 Store equipment 11,288 32,948 Total $ 131,037 $ 130,870 Less: Accumulated depreciation 67,089 64,587 Net Property and Equipment -- Form 1 -5 $ 63,948 $ 66,283 Total Assets l $ 1,599,401 $ 1,460,190 LIABILITIES AND RETAINED EARNINGS Current Liabilities: Accounts payable Accrued salaries payable Accrued social /security /P.E.R.A. payable Due to other governmental units $ 55,723- $ 30,713 7,497 5,679 306 382 5,052 Total Current Liab.i.lities $ 63,526 $ 41,826 Retained Earnings -- Unreserved Form I. -1 $ 1,535,875 $ 1,418,364 Total Liabilities and Retained Earnings $ 1,599;401 $ 1,460,190 TY OF COLUMBIA HEIGHTS, MINNESOTA 72 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, 1983 and 1982 Totals All Stores 1982 _ 1983 Restated $ 1,123,671 $ 966,970 Cost of Sales: Inventory, Beginning $ 1201,942 $ 115,498 Purchases 928,974 787,068 Total Merchandise Available for Sale $ 1,049,916 $ 902,566 Less: Inventory, Ending 147,813 120,942 Cost of Sales $ 902,103 $ 781,624 Gross Profit on Sales $ 221,568 $ 185,346 Percentage of Gross Profit to Sales 19.72% 19.17% Less: Operating Expense -- Form 1 -4 $ 154,972 $ 153,747 Operating Income before Depreciation $ 66,596 $ 31,599 Less: Depreciation - Form 1 -5 4,051 4,116 Operating Income $ 62,545 $ 27,483 Nonoperating Revenues (Expenses): Interest earnings - Trust Fund $ 126,283 $ 125,957 Machine commissions 897 939 Other income 93 1,791 Cash short (1,281) (405) Other expense (13,067) (18,594) Total $ 112,925 $ 109,688 Net Income Before Transfers $ 175,470 $ 137,171 Transfers to General Fund (57,959) Net Income 117,511 13.7,1.71 Retained Earnings at beginning of year as previously reported -- -T,- 420,609 19,233,614 Adjustments for change in accounting for vacation and sick pay $ (2,245) $ (2,421) As adjusted 1, 418,_3 $1,281,193 Retained earnings at end of year .CITY OF COLUMBIA HEIGHTS, MINNESOTA 1,535,875 $1,4181364 73 ANNUAL FINANCIAL REPORT Form I-] TY OF COLUMBIA HEIGHTS, MINNESOTA 74 ANNUAL FINANCIAL REPORT STORE NO. 2 STORE NO. 3 1983. 1982 -l-9 T3 . . 1982 $ 493,670 $ 429,003 $ 630,001 $ 537,967 $ 50,262 $ 53,502 $ ' 70,680 $ 61,996 411,080 344,647 517,894 442,421 $ 461,342 $ 398,149 $ 588,574 $ 504,417 62,266 50,262 85,547 70,680 $ 399,076 $ 347,887 $ 503,027 $ 433,737 $ 94,594 $ 81,116 $ 126,974 $ 104,230 19.16% 18.91% 20.15% 19.37% $ 69,482 $ 72,174 $ 85,490 $ 81,573 $ 25,112 $ 8,942 $ 41,484 $ 22,657 1,600 1,572 2,451 2,544 $ 23,512 $ 7,370 $ 39,033 $ 20,113 $ 53,910 $ 55,880 $ 72,373 $ 70,077 443 439 '454 500 42 816 51 975 (920) (359) (361) (46) (5,174) (8,116) (7,893) (10,478) $ 48,301 $ 48,660 $ 64,624 $ 61,028 $ 71,813 $ 56,030 $ 103,657 $ 81,141 TY OF COLUMBIA HEIGHTS, MINNESOTA 74 ANNUAL FINANCIAL REPORT Form 1 -2 MUNICIPAL LIQUOR FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1983 and 1982 Sources of Working Capital: Operations: Net income -- Form 1 -1 Items not requiring (providing) working capital Depreciation -- Form 1 -5 Total Sources of Working Capital Uses of Working Capital: Transfer to General Fund Acquisition of property and equipment -- Form 1 -5 Net Increase in Working Capital Elements of Net Increase in Working Capital: Cash Investments Accounts receivable Inventory Accounts payable Accrued liabilities Net Increase in Working-Capital 1983 $ 175,470 2,502 $ 177,972 1982 Restated $ 137,171 4,116 $ 141,287 $ 57,959 $ 167 950 $ 119,846 $ 140,337 $ (24) 114,800 (101) 26,871 (25,010) 3,310 $ 119,846 $ (309) 127,700 1.74 5,444 12,746 (5,418) $ 140,337 CITY OF COLUMBIA HEIGHTS, MINNESOTA 75 ANNUAL FINANCIAL REPORT MUNICIPAL LIQUOR FUND COMPARATIVE SCHEDULE OF GROSS PROFIT - OFF SALE Years Ended December 31, 1983 and 1982 1983 I Total Liquor Sales $ 493,670 Cost of Sales: Inventory, Beginning $ 50,262 Purchases 411,080 Total Merchandise Available for'Sale $ 461,342 Less: Inventory, Ending 62,266 Cost of Sales 39" '9 Gross Profit on Sales $ 94,594 Percentage of Gross Profit to Sales 19.16% NO. 3 Sales $ 630,001 Cost of Sales: Inventory, Beginning $ 70,680 Purchases 517,894 Total Merchandise Available for Sale $ 588,574 Less: Inventory, Ending 85,547 Cost of Sales 503,027 Gross Profit on Sales $ 126,974 Percentage of Gross Profit to Sales 20.15% I CITY Of COLUMBIA HEIGHTS, MINNESOTA 76 $ 165,300 $ 38,255 138,678 $ 176,933 45,085 131, $ 33,452 20.24% $ 235,169 $ 56,475 195,907 $ 252,382 67,560 $fit 4,822 $ 50,347 21,41% ANNUAL FINANCIAL REPORT Form 1 -3 '1982 Beer Other Total Liquor Beer Other $ 312,803 $ 15,567 $ 429,003 $ 165,724 $ 249,576 $ 13,703 $ 10,318 $ 1,689 $ 53,502 $ 43,833 $ 8,751 $ 918 257,813 14,589 344,647 126,929 204,823 12,895 ' $ 268,131 $ 16,278 $ 398,149 $ 170,762 $ 213,574 $ 13,813 14,757 2,424 50,262 .38,255 10,318 1,689 ' 253,37 $$ 15ZT $ -3-47,887 $ 132,507 $ 203,256 $ 12,124 ' $ 59,429 $ 1,713 $ 81,116 $ 33,217 $ 46,320 $ 1,579 19.00% 11.00% 18.91% 20.04% 18.56% 11.52% $ 373,430 $ 21,402 $ 537,967 $ 218,118 $ 302,715 $ 17,134 $ 11,250 $ 2,955 $ 61,996 $ 51,509 $ 9,556 $ 931 ' 303,835 18,152 442,421 180,173 245,088 17,160 $ 315,085 $ 21,107 $ 504,417 $ 231,682 $ 254,644 $ 18,091 ' 14,628 30075-7 3,359 $$ 17,74+ 70,680 $ 433,737 $ 56,475 175,207 1.1 250 $--243,394 $ 2,955 15,1 -36 ' $ 72,973 $ 3,654 $ 104,230 $ 42,911 $ 59,321 $ 1,998 19.54% 17.07% 19.37% 19.67% 19.60% 11.66% ' CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT 77 MUNICIPAL LIQUOR FUND COMPARATIVE SCHEDULE OF OPERATING EXPENSES COMBINED OFF -SALE Years Ended December 31, 1983 and 1982 PERSONAL SERVICES: to Salaries - regular employees $ 27,750 Salaries - overtime and part time employees 71,244 Interdepartmental labor services 2,336 City contribution to PERA and FICA 8,831 Hospitalization - Life insurance 2,285 Worker's and unemployment compensation 792 Total Personal Services $ 113,238 OTHER SERVICES S CHARGES: Contractural maint S repair ' $ 3,121 Professional services 6,637 Communications 2,376 Travel - subscriptions 1,073 Utility 7,309 Insurance & bonds 9,214 Other contractural services 4,233 Other charges 1,645 Total Other Services & Charges 35, 0 SUPPLIES: General supplies $ 6,126 Total Supplies $ Total Operating Expense $ 154,972 LCITY OF COLUMBIA HEIGHTS, MINNESOTA M ANNUAL FINANCIAL REPORT Form .1 -4 1983 1982 N0. 2 N0. 3 Total N0. 2 N0. 3 $ 5,235 $ 22,515 $ 52,033 $ 27,590 $ 24,443 34,939 36,305 .44,541 14,722 29,819 7,511 (5,175) 2,026 6,181 (4,155) 2,861 5,970 8,477 3,764 4,713 422 1,863 3,812 2,019 1,793 365 427 1,752 502 1,250 $ 51,333 $1,905 $ 112,641 $ .5 ,77 $ 57,863 $ 783 $ 2,338 $ 2,688 $ 840 $ 1,848 3,398 3,239 2,332 1,124 1,208 1,205 1,171 2,489 1,275 1,214 451 622 869 368 501 3,071 4,238 8,367 3,420 4,947 3,876 5,338 11,453 4,572 6,881 1,692 2,541 4,339 1,615 2,724 739 906 4,039 2,051 11988 15,215 $ 20,393 $ 36,576 $ 15,265 $ 21,311 $ 2,934 $ 3,192 $ 4,530 $ 2,131 $ 2,399 $$ 2,93+ $ 3,192 $ 4,530 $ 2,131 $ 2,399 $.69,482 $ 85,490 $ 153,747 $ 72,174 $ 81,573 (Form I -1) CITY OF COLUMBIA HEIGHTS, MINNESOTA 79 ANNUAL'FINANCIAL REPORT MUNICIPAL LIQUOR FUND SCHEDULE OF PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION Year Ended December 31, 1983 [CITY OF COLUMBIA HEIGHTS, MINNESOTA t $, ANNUAL FINANCIAL REPORT Property and Equipment Balances Deletions Balances 1 -1 -83 Additions 12 -31 -83 Off Sale No. 2 Store: Land $ 2,765 $ $ 2,765 Building 27,637 4,698 32,335 Improvements other than buildings 11,463 (6,974) 4,489 Fixtures 7,054 288 7,342 Equipment 5,032 2,131 7,163 Total $ 53,951 $ 143 $ 54,094 Off Sale No. 3 Store: Land $ 4,360 $ $ 4,360 Building 42,623 5,655 48,278 Improvements other than buildings 8,202 (3,107) 5,095 Fixtures 14,791 294 15,085 Equipment 6,943 (2,818) 4,125 Total $ 76,919 $ 24 $ 76,943 Grand Totals $ 130,870 $ 167 $ 131,037 [CITY OF COLUMBIA HEIGHTS, MINNESOTA t $, ANNUAL FINANCIAL REPORT Form 1 -5 Balances Depreciation Balances Net Asset 1 -1 -83 Taken Adjustments 12 -31 -83 Value $ - $ - $ - $ - $ 2,765 10,088 3,814 - 13,902 18,433 5,489 (4,278) - 1,211 3,278 6,639 345 - 6,984 358 2,011 1,719 - 3,730 3,433 $ 24,277 $ 1,600 $ - $ 25,827 $ 28,267 $� - $ - $ - $ - $ 4,360 17,001 4,101 - 21,102 27,.176, 5,574 (2,743) - 2,831 2,264 14,077 1,004 - 15,081 4 3,708 89 (1,549) _ -_ _2,248 1,877 . $ 40,360 $ 2,451 $ (1,549) $ 41,262 $ 35,681 $ 64,587 $ 4,051 $ (1,549) $ 67,089 $ 63,948 CITY OF COLUMBIA •E16NTS, MINNESOTA 81 ANNUAL FINANCIAL KPORT WATER UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1983 and 1982 ASSETS Current Assets: Cash - treasurer's balance Investments, at cost Accounts receivable: Unbilled services Special assessments: Delinquent Other Meter inventory, at cost Total Current Assets Property and Equipment: Land Buildings Improvements other than buildings Machinery and equipment Total Less: Accumulated depreciation Net Property and Equipment -- Form J -4 Total Assets LIABILITIES, AND FUND EQUITY Current Liabilities: Accounts payable Accrued salaries payable Accrued FICA /P.E.R.A. payable Due to general obligation bonds of 1965 Total Current Liabilities Total Liabilities Fund equity: Contributed Retained earnings unreserved -- Form J -1 Total Fund Equity Total Liabilities, and Fund Equity L CITY OF COLUMBIA NEIGNTS, MINNESOTA �Vj Form J 1982 1983 Restated $ 4 $ 68 318,100 153,000 135,038 123,793 2,688 1,381 46,223 43,443 2,287 3,191 $ 504,340 $ 324,876 $ 45,223 $ 45,223 211,135 210,987 2,174,394 2,162,452 113,098 111,601 $2,543,856 $2,530,263 1,055,909 1,016,123 $1,487,941 $1,514,140 $1,992,281 $1,839,016 $ 45,209 $ 41,877 17,251 15,535 435 435 15,400 $ 62,895 $ 73,247 $ 62,895 $ 73,247 $1,093,454 $1,119,748 835,932 646,021 $1,929,386 $1,765,769 $1,992,281 $1,839,016 ANNUAL FINANCIAL REPORT .. I Form J -1 WATER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FUND EQUITY Years Ended December 31, 1983 and 1982 1983 1982 Retained Retained Contributions Earnings Contributions Earnings Balance, January 1, as Restated originally reported $1,119,748 $ 659,187 $ 1,867,534 $ (90,463) Adjustments for change in accounting for vacation and sick pay Adjustments to transfer accumulated depreciation on contributed assets to contributions As adjusted Income transferred to retained earnings Depreciation on contributed assets Balance, December 31 (13,166) $1,119,748 $ 646,021 189,911 (26,294) $1,093,454 $ 835,932 CITY OF COLUMBIA HEIGHTS, MINNESOTA (12,407) (721,492) 721,492 $ 1,146,042 $ 618,622 27,399 (26,294) S 1.114.748 S 646_o ?t 83 ANNUAL FINANCIAL REPORT Form J-2 WATER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES AND EXPENSES Years Ended December 31, 1983 and 1982 Operating Revenues: Water sales Hydrant rental Meter sales (less cost of sales) Customer service Penalties Total Operating Revenue Operating Expenses: Source of supply Distribution: Personal services Other services and charges Supplies Administration & General: Personal services Other services and charges Supplies Total Operating Expenses Operating Income Before Depreciation Less: Depreciation -- Form J -4 Operating Income (_Loss) Nonoperating Revenues (Expenses): Interest earnings - Trust Fund Miscellaneous Interest expense Total Net Income - Form J -1 Transfer depreciation on contributed assets Income transferred to retained earnings I CITY OF COLUMBIA HEIGHTS, MINNESOTA 84 R ' 1982 1983 Restated $ 802,707 $ 691,804 500 500 6,189 651 16,402 11,234 9,234 7,244 $ 835,032 $.711,433 $ 479,358 $ 476,751 87,885 109,591 31,193 38,761 19,723 19,609 19,939 18,879 10,370 11,111 1,010 511 $ 649,478 $ 675,213 $ 185,554 $ 36,220 40,888 41,772 $ 144,666 $ (5,552) $ 19,970 $ 6,817 50 1,325 (1,069) (1,485) $ 18,951 $ 6,657 $ 163,617 $ 1,105 26,294 26,294 $ 189,911 $ 27,399 ANNUAL FINANCIAL REPORT Form J-3 WATER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1983 and 1982 Source of Working Capital: Operations: Net- income (loss) -- Form J -2 Items not requiring (providing) working capital: Depreciation -- Form j -4 Total Sources of Working Capital Uses of Working Capital: Transfer to Central Garage Acquisition of property and equipment -- Form J-4 Reduction in amount due to other funds Total Uses of Working Capital Net Increase (Decrease) in Workingjapital Elements of Net Increase (Decrease) in Working Capital: Cash Investments Accounts receivable Inventory Accounts payable Accrued expenses Due to other funds Net Increase (Decrease) in Working Capital LCITY 0 F. COLUMBIA HEIGHTS, MINNESOTA 85 1982 1983 Restated $ 163,617 $ 1,105 40,888 41,772 $ 204,505 $ 42,877 $ 14,689 $ 2,537 15,400 $ 14,689 $ 17,937 $ 189,816 $ 24,940 $ (64) $ (822) 165,100 96,000 15,332 (64,177) (904) (3,332) (6,923) (1,716) 2,721 15,400 (1,859) $ 189,816 $ 24,940 ANNUAL FINANCIAL REPORT WATER UTILITY FUND SCHEDULE OF PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION Year Ended December 31, 1983 I CITY OF COLUMBIA NEIGHTS, MINNESOTA 86 ANNUAL FINANCIAL REPORT Property and Equipment Balances Balances 1 -1 -83 Additions Transfers 12 -31-83 Land $ 45,223 $ $ $ 45,223 Buildings 210,987 148 211,135 Improvements other than buildings 2,162,452 11,942 2,174,394 Machinery and equipment 108,773 2,612 377 111,008 Office furniture and equipment 2,828 738 2,090 Grand Totals $2,530,263 $ 14,702 $ 1,115 $2,543,850 I CITY OF COLUMBIA NEIGHTS, MINNESOTA 86 ANNUAL FINANCIAL REPORT I CITY OF COLUMBIA HEIGHTS; MINNESOTA 8-7. Form J -4 9 Net Assets Value $ 45,223 148,528 1,278,720 15,317 153 $1,487,941 ANNUAL FINANCIAL REPORT Accumulated Depreciation Balances Depreciation _ Balances 1 -1 -83 Taken Deductions 12 -31 -83 $ $ $ $ 55,803 6,804 62,607 865,250 30,424 895,674 92,465 3,590 364 95,691 2,605 70 738 1;937 $1,016,123. $ 40,888 $ 1,102 $ J 1,055,909 I CITY OF COLUMBIA HEIGHTS; MINNESOTA 8-7. Form J -4 9 Net Assets Value $ 45,223 148,528 1,278,720 15,317 153 $1,487,941 ANNUAL FINANCIAL REPORT Form K SEWER UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1983 and 1982 1982 ASSETS 1983 Restated Current Assets: Cash - Treasurer's balance $ 86 $. 37 Investments, at cost 449,250 204,526 Accounts receivable: Unbilled services 134,707 124,956 Other 54,604 43,563 Due from other governmental units 286,520 232,229 Total Current Assets $ 925,167 $ 605,311 Deferred Assets: Due from Metropolitan Waste Control Commission: Reserve capacity $ 27,773 $ 29,531 Interceptor acquisition contract 2 70,953 281,947 Total Deferred Assets $ 298,726 $ 311,478 Property and Equipment: Land $ 36,586 $ 36,586 Buildings 24,455 24,308 Improvements other than buildings 2,340,643 2,333,410 Machinery and equipment 180,374 179,489 Total $2,582,058 $2,573,793 Less: Accumulated depreciation 1,180,103 1,1216,209 Net Property and Equipment -- Form K-4 $1,401,955 $1,447,584 Total Assets $2,625,848 $2,364,373 LIABILITIES, AND FUND EQUITY Current Liabilities: Accounts payable $ 372 $ 4,571 Accrued salaries payable 16,170 17,530 Accrued FICA and PERA payable 435 435 Due to other governmental units 4'9,870 Total Current Liabilities $ 16,977 $ 72,406 Fund Equity: Contributions from customers $1,057,487 $1,096,422 Retained earnings unreserved -- Form K -1 1,551,384 1,195,545 Total Fund Equity $2,608,871 $2,291,967 Total Liabilities, Contributions, and Retained Earnings $2,6251848 $2,364,373 CITY OF COLUMBIA NEI6NTS, MINNESOTA 88 ANNUAL FINANCIAL REPORT Form K -1 SEWER UTILITY FUND COMPARATIVE STATEMENT.OF CHANGES IN FUND EQUITY Years Ended December 31, 1983 and 1982 CITY OF COLUMBIA HEIGHTS, MINNESOTA R9 ANNUAL FINANCIAL REPORT 1983 1982 Customer Retained Customer Retained Contributions Earnings Contributions Earnings Restated Balance, January 1, as originally reported $1,096,422 $ 1,208,711 $ 1,891,128 $ (130,259) Adjustment for change in accounting for vacation and sick pay (I M 66) (12,407) Adjustment to transfer accumulated depreciation on contributed assets to customer contributions (755,771) 755,771 As Adjusted $1,096,422 $ 1,195,545 $ 1,135,357 $ 613,105 Income transferred to retained earnings 355,839 582,440 Depreciation on contributed assets (.38,935) (38,935) Balance, December 31 - _ _ $_1; -057_, -487- -$ 1 -,- 55.1,384 $_1- ,096,422 -_$ -_ _1,_195,545 -- CITY OF COLUMBIA HEIGHTS, MINNESOTA R9 ANNUAL FINANCIAL REPORT Fo rm K-2 SEWER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES AND EXPENSES Years Ended December 31, 1983 and 1982 1982 Operating Revenues: 1983 Restated Sewer service charges - general customers and interdepartmental $802,403 $721,937 Refunds and Reimbursements: Metropolitan Waste Control Commission: Interceptor maintenance 14,813 26,916 S.A.C. charge refund 548 659 Total Operating Revenues TF17,_7_6ZT $749,512 Operating Expenses: Disposal - Metro Waste Control Commission $281,336 $222,824 Net Disposal Charges $281,336 $222,824 Collections: Personal services 110,448 111,321 Other services and charges 26,756 38,129 Supplies 17,903 21,292 Administration: $ 32,305 $ 26,612 Personal services 24,260 16,682 Other services and charges 9,317 11,099 Supplies 888 529 Total Operating Expenses 70,90 $421,876 Operating Income Before Depreciation $346,856 $327,636 Less: Depreciation -- Form K -4 54,258 55,301 Operating Income (Loss) $292,598 $272,335 Nonoperating Revenues (Expenses): Interest earnings $ 32,305 $ 26,612 Metro Waste Control Commission Interest on deferred current value credit 11,278 11,701 Interest on reserve capacity deferred charges 1,712 1,048 Inflow grant 6,860 77,429 Other income (Expense) (4,945) Inflow study expense (7,904) (86,044) Total $ 39,306 $ 30,746 Net Income before transfers and extraordinary item $331,904 $303,081 Transfers to: Debt Service Funds - Storm Sewer $ 15,000 $ 15,000 PIR Fund - Storm Sewer Construction 37,094 Net Income (Loss) before extraordinary item -- Form K -1 $316,904 $250,987 Extraordinary Item - recognition of remaining deferred gain on Interceptor Acquisition by M.W.C.C. 292,518 Net Income 31 ,90 '$543,505 Transfer depreciation on .contributed assets 38,935 38,935 Income transferred to retained earnings 355,,839 $582,446 CITY OF COLUMBIA HEIGHTS, MINNESOTA U11 ANNUAL FINANCIAL REPORT Form K -3 SEWER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1983 and 1982 1982 1983 Restated Source of Working Capital: Operations: Net income (loss) before extraordinary item - Form K-2 $316,904 $250,987 Items not requiring (providing) working capital: 54,258 Depreciation - Form K -4 55,301 Working Capital Provided from Operations before extraordinary item $371,162 $306,288 Extraordinary Item - recognition of remaining deferred gain on interceptor acquisition by MWCC 292,518 Total Working Capital Provided from Operations $371,162 $598,806 Metropolitan Waste Control Commission: Decrease in long -term contract receivable $ 10,994 $ 10,571 ..- Decrease in deferred receivable - Reserve Capacity charge 1,758 1,597 Total Metropolitan Waste Control Commission $ 12,752 $ 12,168 Total Sources of Working Capital $383.914. $610,974 Uses of Working Capital: Decrease in deferred credit - revaluation gain on sale of fixed assets 292,518 Additions to property and equipment -- Form K -4 8.629 16,942 Total Uses of Working Capital $ 8.629 $309,460 Net Increase in Working Capital $375,285 $301,514 Elements of Net Increase (Decrease) in Working Capital Cash 49 $ {2,733) Investments $244,724 (46,924) Accounts receivable 75,083 289,128 Accounts payable 4,199 62,802 Accrued expenses 1.,360 Due to other governmental units 49,870 (759) Net Increase in Working Capital $375,285 $301,514 CITY OF COLUMBIA HEIGHTS, MINNESOTA 91 ANNUAL FINANCIAL REPORT SEWER UTILITY FUND SCHEDULE OF PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION Year Ended December 31, 1983 Land Buildings Improvements other than building Machinery and equipment Office furniture and equipment Grand Total .CITY OF COLUMBIA NEIGNTS, MINNESOTA Propertv and Eauipment Balances Balances 1 -1 -83 Additions Transfers 12 -31 -83 $ 36,586 $ $ $ 36,586 24,308 148 24,456 2,333,410 7,232 2,340,642 177,926 1,262 377 178,811 1,563 1,563 $2,573,793 $ 8,642 $ 377 $2,582,058 q2 ANNUAL FINANCIAL REPORT Accumulated Depreciation Balances Depreciation Balances 1-1-83 Taken Deductions 12 -31 -83 $ $ $ 9,262 $ 625 968,631 47,436 146,894 6,138 364 1;,422 59 $1,126,209 $ 54,258 $ 364 I CITY OF COLUMBIA HEIGHTS, MINNESOTA 9,887 1,016,067 152,668 1,481 $1,180,103 93 Form K-4 Net Assets Value $ 36,586 14,569 1,324,575 26,143 82 $1,401,955 ANNUAL FINANCIAL REPORT HE CIT�INABCIAL OF COLUM IA HEIGHTS, MINNESOTA NNUAJ KEPQQRT EAR NDED ECEMBER S1, 1983 HTERTAL SERVICE FUND The Central Garage Fund is a self sustaining fund providing service to other departments within the city and for which user fees are paid by the using department. This fund was established in 1977. TABLE OF CONTENTS Central Garage Fund: Balance Sheet Statement of Revenues, Expenses, and Changes in Retained Earnings Statement of Changes in Financial Position Schedule of Property, Equipment and Accumulated Depreciation 1 1 1 1 1 Pa. cue Form L 94 Form L -1 95 Form L -2 96 Form L -3 97 Form L- CENTRAL GARAGE FUND COMPARATIVE BALANCE SHEET December 31, 1983 and 1982 1982 1983 Restated ASSETS Current Assets: Cash - Treasurer's balance $ 42 $ 60 Investments, at cost 55,700 40,700 Inventory, at cost 61,595 53,390 Total Current Assets $ 117,337 $ 94,150 Property and Equipment: Buildings and improvements $ 13,795 $ 13,795 Office furniture and equipment 741 741 Machinery and equipment 66,236 0,772 66,357 $TO93 Total Less: Accumulated depreciation 55,145 49,815 Net Property and Equipment -- Form L -3 $ 25,627 $ 31,078 Total Assets $ 142,964 $125,228 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $ 1,407 $ 5,581 Accrued salaries payable 10,678 11,430 Accrued social security /P.E.R.A. - 336 374 Total Current Liabilities $ 12,421 $ 17,385 Fund Equity: Contributed - other city funds $ 94,653 $ 94,653 Retained earnings (deficit) Reserved for improvements $ 12,205 $ 12,205 Unreserved 23,685 985 Total Retained Earnings 35,890 $ 13,190 Total Fund Equity $ 130,543 $107,843 Total Liabilities and Fund Equity $ 142,964 $125,228 CITY OF COLUMBIA HEIGHTS, MINNESOTA 9.4 ANNUAL FINANCIAL REPORT Form L -1 1 1 CENTRAL GARAGE FUND ' COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED,EARNINGS Years Ended December 31, 1983 and 1982 I Billing to Departments IOperating Expense: Mechanics labor ' Other services and charges Supplies Contractural services ' Total Operating Expense Operating Income before depreciation ' Less: Depreciation -- Form L-3 ' Operating Income Nonoperating Revenues (Expenses): Sale of materials ' Interest income Total ' Net Income ' Retained earnings, beginning of year as originally reported Adjustment for change in accounting for vacation and sick pay ' As adjusted Retained Earnings End of Year I I I ICITY OF COLUMBIA HEIGHTS, MINNESOTA 95 1982 1983 Restated $ 130,939 $ 136,938 $ 64,515 $ 78,031 31,867 37,689 4,291 11,100 6,246 5,337 $ 106,919 $ 132,157 $ 24,020 $ 4,781 5,450 5,155 $ 18,570 $ (374) $ 18 $ 78 4,112 3,901 $ 4,130 $ 3,979 $ 22,700 $ 3,605 $ 21,685 $ 16,717 (8,495) (7,132) 13,190 9,585 $ 35,890 $ 13,190 ANNUAL FINANCIAL REPORT Form L -2 CENTRAL GARAGE FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1983 and 1982 Sources of Working Capital: Operations: Net income -- Form L -1 Items not requiring (providing) working capital: Depreciation -- Form L -3 Working Capital Provided by Operations Total Sources of Working Capital Uses of Working Capital: Acquisition of property and equipment -- Form L -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 Net Increase in Working Capital CITY OF COLUMBIA HEIGHTS, MINNESOTA M 1982 1983 Restated $ 22,700 $ 3,605 5,450 5,155 $ 28,150 $ 8,760 $ 28,150 $ 8,760 $ - $ 14,837 $ - $ 14,837 $ 28,150 $ (6,077) $ (18) $ (1,445) 15,000 1,700 (150) 8,205 (66) 4,963 (6,116) $ 28,150 $ (6,077) ANNUAL FINANCIAL REPORT J II. a C fy ro C io c fo 4-+ L O C O - O C -C u - L - u 4- f0 m O E &ITY OF COLUMBIA NEIGNTS1 MINNESOTA 97 AMNUAL FINANCIAL REPORT t M 0000 � N Form L -3 (u r", r� .o N � N 7 f'r1 L!1 Q ^ N f0 ' O Z Vf V>- C O N M M O M _ •++ 000 u % M -:r u I I ♦D ? fo C - M M -..r Lf\ N i rM u O C O L •- �D -T O p 4-J .- M Ln 4- fo C -T ' _ a) N u ,C Lf1 Lr� u N f0 Z C L �-- o fo a F- O im yr v> u w Ln 4-J N N 2 C 1 I W N p E p N W F- < i? Vf J M Q O 00 2 M t\ n U N M 1 %D 00 C1 U u 00 Z Q ^ C I Q1 01 LL p .- 1 Z L (p .- W Q (D m -V)- t/1 .. O N M LA Q Z u N 00 M M t\ C7 W O u I f\ r\ N f\ E M C ^ J M (0 M M %D O Q — -0 C — I •- %D 00 l w O N fU M N F- d 'v E m ^ va v> z W C W W _a .-. U 7 N N N Cr C H M W O `r CC fl) - 1 I 9L C O O f0 ^ a tv v} to }J v LL. L- O O a W O N Lf1 _ t\ M J L_ O M d1 -:T Lll a) M u 00 f\ r\ M 00 D C 1 W f0 ^ M %O O %-D 00 U fp ^ N m t/f Nf. J II. a C fy ro C io c fo 4-+ L O C O - O C -C u - L - u 4- f0 m O E &ITY OF COLUMBIA NEIGNTS1 MINNESOTA 97 AMNUAL FINANCIAL REPORT t HE CIT� OF COLUMAIA HEIGHTS, MINNESOTA NNUA INA CIAL EP RT EAR �NDED �ECEMBER 1, 1933 GEXERAL FIXED ASSETS GROUP of ACCOUNTS TABLE OF CONTENTS Statement of General Fixed Assets 1 1 Page Form M 98 w Form M STATEMENT OF GENERAL FIXED ASSETS December 31, 1983 General Fixed Assets: Land $ 3,025,100 Buildings 2,757,623 Improvements other than buildings 700,488 Office furniture and equipment 636,038 Machinery and equipment 1,031,726 Total - Form A $ 8,150,975 Investment in Genral Fixed Assets: General obligation bonds: Library bonds of 1966 $ 90,000 Municipal building bonds of 1959 150,000 Park bonds of 1962 325,000 City garage bonds of 1972 510,000 Capital improvement bonds of 1976 929,475 Total General Obligation Bonds $ 2,004,475 Grants: Federal E.D.A. and H.U.D. $ 526,290 State 267,203 Total Grants $ 793,493 Revenue Sharing: Federal $ 1,265,963 Anoka County 51,550 Total Revenue Sharing $ 1,317,513 Balance from current revenues and contributions $ 4,035,494 Total Investments in General Fixed Assets $ 8,150,975 CITY 4w COLUMBIA NEIGNTS, MINNESOTA 98 ANNUAL FINANCIAL KPORT i i HE CITY OF COLUM$IA HEIGHTS, MINNESOTA NNUA TINABCIAL EP RT EAR �NDED llECEMBER S1, 1983 G EITERAL LONG-TERM DEBT GROUP OF ACCOUNTS TABLE OF CONTENTS Page Statement of: General Long -Term Debt Form N' 99 Schedule of Funding Available and Funds Form N -1 100 Required Schedule of Debt Service Requirements to Maturity Form N -2 101 Fo rm N STATEMENT OF GENERAL LONG -TERM DEBT December 31, 1983 AMOUNT AVAILABLE AND TO,BE PROVIDED FOR THE PAYMENT OF GENERAL LONG -TERM DEBT Amount available in debt service funds $ 148,604 Amount to be provided for retirement of: Long Term Debt 8,606,396 Vacation and sick leave payable 208,912 C R QAq Q19 GENERAL LONG -TERM DEBT PAYABLE General obligation bonds payable $ 8,755,000 Vacation and sick leave payable 208,912 Total Payable $ 8,9 3,912 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 $2,550,000 of special assessment bonds recorded in the Special Assessment Funds. The general credit of the municipality is obligated, only to the extent that liens foreclosed against properties involved in the special assessment district are insufficient to retire outstanding bonds. .CITY OF COLUMBIA HEIGHTS, MINNESOTA M ANNUAL FINANCIAL REPORT SCHEDULE OF FUNDING AVAILABLE AND FUNDS REQUIRED December 31, 1983 ' Cash, Investments, and Receivables Deferred Tax Levies ' Levy /Payable Years: 1983/84 1984/85 ' 1985/86 1986/87 1987/88 1988/89 ' . 1989/90 . 1990/91 ' 1991/92 1992/93 1993/94 1994/95 ' 1995/96 1996/97 1997/98 ' 1998/99 1999/00 2000/01 ' Total FUNDING AVAILABLE ' Bonds /Future Interest Payable i Bonds Future Interest ' FUNDS REQUIRED BALANCE 1 ' CITY OF COLUMBIA NEIGHTS, MINNESOTA M Form N -1 Total 887,368 1,332,068 892,658 939,698 971,198 998,498 1,047,848 1,064,648 1,077,248 1,059,398 1,118,198 1,116,098 1,056,563 995,925 934,185 871,710 808,500 114,1.88 $17,285,997 $17,434,601 $ 8,755,000 8,078,215 $16,833,21_5_ $ 601,386 ANNUAL FINANCIAL REPORT Form N -2 LCITY OF COLUMBIA NEIGHTS, MINNESOTA 101 ANNUAL FINANCIAL REPORT SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY December 31, 1983 General Obligation Bonds Principal Interest 1984 $ 150,000 $ 706,940 1985 450,000 701,500 1986 140,000 665,750 1987 190,000 652,550 1988 250,000 634,950 1989 300,000 612,950 1990 350,000 586,950 1991 425,000 555,950 1992 475,000 519,950 1993 525,000 479,950 1994 550,000 436,950 1995 650,000 388,950 1996 700,000 334,600 1997 700,000 277,375 1998 700,000 219,100 1999 700,000 159,950 2000 700,000 100,100 2001 700,000 39,375 2002 100,000 4,375 $8,755,000 $8,078,215 LCITY OF COLUMBIA NEIGHTS, MINNESOTA 101 ANNUAL FINANCIAL REPORT 0 HE CITx OF COLUM$IA HEIGHTS, MINNESOTA NNUAkNDED tINA CIAL EP RT EAR LECEMBER 31, 1983 STATISTICAL SECTION TABLE OF CONTENTS Assessed Value and Market Value Page of all Taxable Property Table 1 102 -103 Tax Rates Table II 104 City Tax Levy Table III 105 Tax Levies and Tax Collections Table IV 106 -107 Special Assessment Collections Table V 106 -107 Revenues - Other than Property Taxes and Special Assessments Table VI 108 Expenditures for Selected Functions Table VII 108 Statement of Legal Debt Margin Table VIII 109 Combining Schedule of Bonds Payable Table IX .110 -113 Schedule of Investments Table X 114 -115 Schedule of Insurance in Force Table XI 116 -117 Principal City Officials and Surety Bonds Table XII 118 Miscellaneous Statistical Facts Table XIII 119 -120 ASSESSED VALUE AND MARKET VALUE OF ALL TAXABLE PROPERTY LEVY YEARS 1982 THROUGH 1983 1976 1977 1978 Population 22,324 21,890 21,300 Real Property Assessed Value $ 67,746,917 Area -wide allocation Contribution $ (850,697) Distribution $ 2,355,131 Market Value $198,140,355 Personal Property Assessed Value $ 1,220,899 Market - commercial $ 2,839,300 Total Real and Per- sonal Property Assessed Value $ 70,472,250 Market Value $200,979,655 Ratio of Total Assess- ed Value to Total .Market Value :3506 I Per Capita Valuations Assessed Value $ 3,157 Market Value $ 9,003 CITY OF COLUMBIA HEIGHTS, MINNESOTA $ 68,981,490 $ (1,085,236) $ 2,641,684 $219,125,884 $ 1,213,202 $ 2,8217400 $ 71,751,140 $221,947,284 :3233 3,279 $ 10,139 102 $ 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 :2965 :2650 3,504 3,629 $ 11,819 $ 13,693 ANNUAL FINANCIAL REPORT 1980 1981 20,029 19,800 $ 85,721,087 $ 96,391,052 $ (2,000,000) $ (3,908,286) $ 4,383,4o9 $_ 8,183,307 $ 355,767,800 $ 399,395,650 $ 1;295,504 $ 1,344,094 $ 3,012,800 $ 3,125,800 $ 89,400,000 $ 102,010,167 $ 358,780,600 $ 402,521,450 :2492 :2534 1982 19,670 $104,783,933 $ (4,487,006) $ 10,544,639 $430,688,578 $ 1;333,301 $ 3,100,700 $112,174,867. $433,789,278 :2586 $ 4,563 5,152 5,702 $ 17,913 $ 20,329 22,053 ' CITY OF COLUMBIA HEIGHTS, MINNESOTA Table I r 1983 19,560 $105,913,390 $ (5,178,793) $ 12,001,080 $445,177,400 $ 1,426,869 $ 3,318,300 $114,162,546 $448,495,700 :2545 5,837 $ 22,929 103 ANNUAL FINANCIAL REPORT Table II TAX RATES YEARS 1972 THROUGH 1983 i Fiscal Year City School County Metro 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 .6o 101.50 1976 21.75 49.16 19.73 2.73 •69 94.06 1977 20.41 47.26 19.84. 3.00 .61 91.12 1978 22.13 46.53 22.02 2.73 •59 94.00 1979 21.847 45.036 21.913 2.913 .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 89.244 1982 17.303 48.266 24.085 3.556 •747 93.957 1983 15.438 50.156 24.492 3.877 •576 94.539 (A) Determination of assessed valuation changed by state law enacted in 1971, Extra Session, Chapter 31, as amended (B) Rice Creek Watershed, mosquito Control and 1/3 mill for the Housing and Redevelopment Authority [CITY OF COLUMBIA NEIGNTS, MINNESOTA 104 ANNUAL FINANCIAL REPORT .1 CITY TAX LEVY YEARS 1972 THROUGH 1983 Table III N Civil City Defense (B) Interest Fiscal Levy General Police Fire Year Total Fund Relief Relief 1972 $1,105,517 $ 846,967 $ 50,000 $ 30,000 1973 1,120,000 874,115 67,000 36,085 1974 1,156,540 899,045 67,000 42,700 1975 1,331,715 1,101,925 65,850 46,000 1976 1,429,510 896,270 66,000 47,000 1977 1,441,044 1,069,044 66,300 47,000 1978 1,583,156 1,188,556 78,500 47,000 1979 1,631,608 1,261,108 78,500 47,000 1980 1,631;608 1,151,808 104,000 85,800 1981 1,_631,608 1,245,108 64,500 47,000 1982 1,759,284 1,356,029 125,305 57,950 1983 1,740,623 1,453,033 92,155 55,435 Table III N Civil and Defense (B) Interest Other (A) $ 11,0.00 $ 152,550 $ 15,000 10,600 117,200 15,000 17,000 115,795 15,000 4,000 113,940 20,240 300,000 100,000 35,700 223,000 . 8,600 260,500 245,000 290,000 275,000 220,000 140,000 (A) All for Storm Sewer Construction except 1976 the 100,000 is for settlement of Sullivan law suit. (B) In 1979.Civil Defense Fund became a part of the General Fund LCITY OF COLUMBIA NEIGNTS, MINNESOTA 105 ANNUAL FINANCIAL REPORT TAX LEVIES AND TAX COLLECTIONS Years 1975 through 1983 SPECIAL ASSESSMENT COLLECTIONS Years 1975 Through 1982 Current Special Collcetions Percentage Collection During Fiscal Period 1975 $ 90,045 of Current of Levy of Prior 114;673 1978 107,635 Years Taxes Collected Year's Taxes 129,773 Year Total Tax During Fiscal During Fiscal During Fiscal Total Collected Levy` Period Period Period Collections 1975 $ 1,022,810 $ 995,242 97.3 $ 16,563 $ 1,011,805 1976 1,139,240 1,117,070 98.o 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 1982 1,262,780 1,236,497 97.9 19,120 1,255,617 1983 1,240,602 1,208,840 97.4 26,702 1,235,542 Tax levy has been adjusted by the Homestead Credit (Property tax replacement) which is a revenue from other agencies and has been incorporated into Table VI. SPECIAL ASSESSMENT COLLECTIONS Years 1975 Through 1982 I CITY OF COLUMBIA HEIGHTS, MINNESOTA Current Special Assessments Collected Percentage of ' Current Collected During Fiscal Period $ 49,149 Current Special Fiscal Assessment Becoming Due Period. During Fiscal Period 1975 $ 90,045 1976 107,784 1977 114;673 1978 107,635 1979 160,087 1980 129,773 1981 190,708 1982 217,927 1983 285,780 I CITY OF COLUMBIA HEIGHTS, MINNESOTA Current Special Assessments Collected Percentage of ' Current Collected During Fiscal Period $ 49,149 54.6% 60,320 56.0% 70,635 61.6% 68,029 63.2% 110,534 69.0% 70,627 54.4% 102,985 54.0% 107,932 49.5% 150,561 52.7% 106 ANNUAL FINANCIAL REPORT Table IV Ratio Accumulated Ratio Delinquent Of Total Accumulated Taxes to Collections Delinquent Current Year To Tax Levy Taxes. Tax Levy .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 .9943:1 12,888 .0102:1 .9959:1 49,644 .0400:1 Table V Delinquent Specials Total Special Deferred Special Assessments Collected During Assessments Delinquent Collected Balance Fund Fiscal Period (A) At End of Fiscal Period Fiscal Period of Fiscal Period $ 71,642 $ 116,642 $ 75,305 $ 372,361 67,434 111,221 206,197 388,565 65,345 98,553 104,930 388,481 46,218 66,142 155,037 436,962 43,693 71,605 78,080 411,494 41,215 87,512 136,281 602,047 70,016 111,314 287,194 509,999 94,298 94,702 301,367 1,335,493 130,298 152,744 313,682 1,048,215 (A) The City bills the property owner directly when a special assessment installment becomes due. If the installment becomes delinquent, it is certified to the county for inclusion on the following years property tax statement and is shown as a.delinquent collection. CITY OF = COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT 107 Table VI REVENUES - OTHER THAN PROPERTY TAXES AND SPECIAL ASSESSMENTS Years 1972 Through 1983 (A) The years 1972 -77 do not include depreciation for Sewer and Water Funds. EXPENDITURES FOR SELECTED FUNCTIONS Years 1972 through 1983 Fiscal General Public Charges for Licenses Safety (A) Fiscal Revenues from Use of Money Service and and Fines and Profits of Year Other Agencies and Property Other Revenue Permits Forfeitures Proprietaries 1977 406,864 981,059 1978 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 1.06,845 1981 2,857,636 966,078 997,236 104,027 67,301 835,981 1982 2,310,131 545,881 1,248,375 148,773 47,073 444,962 1983 2,990,623 530,037 1,009,358 156,410 511,870 693,691 (A) The years 1972 -77 do not include depreciation for Sewer and Water Funds. EXPENDITURES FOR SELECTED FUNCTIONS Years 1972 through 1983 Fiscal General Public Year Government Safety 1972 $ 226,527 $ 605,120 1973 353,833 685,606 1974 311,850 698,704 1975 310,540 860,723 1976 374,191 875,714 1977 406,864 981,059 1978 424,527 1,070,279 1979 460,152 1,160,243 1980 516,593 1,315,826 1981 538,618 1,380,692 1982 536,804 1,454,404 1983 548,977 1,537,897 [CITY OF COLUMBIA HEIGHTS, MINNESOTA Table VII Public Parks and Works Sanitation Library Recreation $ 357,901 $ 196,700 $ 75,500 $ 333,047 391,057 186,850 77,300 369,402 432,422 208,752 82,500 420,323 457,316 224,569 147,851 463,877 511,377 227,055 103,280 512,066 577,072 233,598 109,635 537,332 606,541 246,957 121,968 676,027 515,417 255,693 143,018 547,525 566,643 268,793 163,801 622,154 576,754 336,997 188,440 652,611 581,121 403,670 188,343 634,395 561,632 430,126 265,803 625,030 CIE ANNUAL FINANCIAL REPORT u STATEMENT OF LEGAL DEBT MARGIN December 31, 1983 , 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 $8,615,000 Special Assessment Bonds 2,550,000 Total Debt Applicable to Debt Limit Legal Debt Margin Table -VI I I $114,162,546 7,614,642 $11,305,000 11,165,000 140,000 $ 7,474,642 Note (A): M.S.A. Section 475.53 (L.imit on Net Debt) "Subdivision 1. Generally. Except as otherwise provided in sections 475.51 to 475.70, no municipality, except a school di- strict 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 theiprovisions of law authorizing their issuance are not to be included in computing the net debt of the municipality. CITY OF COLUMBIA HEIGHTS, MINNESOTA 103 ANNUAL FINANCIAL REPORT COMBINING SCHEDULE OF BONDS PAYABLE December 31, 1983 Interest Rates and Dates SPECIAL ASSESSMENT BONDS: Permanent Improvement Revolving Bonds of 1982 All Callable in inverse order on December 1, 1983 at 105% of their principal an'd on any interest payment 6.70% 12/1 -6/1 date thereafter at 100% of their principal 6.70% Total P.I.R. Bonds of 1982 GENERAL OBLIGATION BONDS: Storm Sewer Bonds of 1965 All Callable after January 1, 1980 in inverse order at par and accrued interest plus a premium of $50 per bond 3.60% 1/1 -7/1 Total Storm Sewer Bonds of 1965 Capital Improvement Bonds of 1976 Non - Callable 4.60% Total Capital Improvement Bonds of 1976 CITY OF COLUMBIA HEIGHTS, MINNESOTA M Final Issue Maturity Date Date 12 -1 -82 12 -1 -85 10 -1 -65 1 -1 -85 4 -1 -76 10 -1 -83 ANNUAL FINANCIAL REPORT Annual Authorized Serial And Payments Issued (84) 2,550,000 (85) 2,550,000 $ 2,550,000 $ - $ 775,000 140,000 (84) 140,000 $ 915,000 $ 1,020,000 $ 1,020,000 CITY Of COLUMBIA NEIGNTS, MINNESOTA Table IX Matured Outstanding 2,550,000 $ - $ 2,550,000 $ 775,000 $ - - 140,000 $ 775,000 $ 140,000 $ 1,020,000 $ - $ 1,020,000 $ - 111 ANNUAL FINANCIAL REPORT COMBINED SCHEDULE OF BONDS PAYABLE (Continued) December 31, 1983 GENERAL OBLIGATION BONDS (Continued): Tax Increment Bonds of 1980 Bonds maturing in 1991 and later years will be subject to redemp- tion and prepayment at the option of the City in inverse order of serial numbers on March 1, 1990. Total Tax Increment Bonds of 1980 Tax Increment Bonds of 1982 All callable in inverse order on December 1, 1983 at 1050% of their principal and on any interest payment date thereafter at 100% of their principal. Total Tax Increment Bonds of 1982 Total General Obligation Bonds Total Bonds Payable - All Funds CITY OF COLUMBIA NEIGNTS, MINNESOTA Interest Fine Rates and. Issue Maturity Dates Date Date 9 -1 -80 3 -1 -02 8.00% 3/1 -9/1 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.10 8.25 8.40 8.50 8.6o 8.75 8.75 12 -1 -82 12 -1 -85 6.709 12/1 -6/1 6.70 112 ANNUAL FINANCIAL REPORT - Table IX Annual Authorized Serial and Payments Issued Matured Outstanding $ - $ 10,000 $ 10,000 $ - 10,000 (84) 10,000 10,000 (85) 140,000 (86) 140,000 140,000 190;000 (87) 190,000 190,000 250,000 (88) 250,000 250,000 300,000 (89) 300,000 300,000 350,600 (90) 350,000 350,000 425,000 (91) 425,000 425,000 475,000 (92) 475,000 475,000 525,000 (93) 525,000 525,000 550,000 (94) 550,000 550,000 650,000 (95) 650,000 650,000 700,000 (96) 700,000 700,000 700,000 (97) 700,000 700,000 700,000 (98) 700,000 700,000 700,000 (99) 700,000 700,000 700,000 (00) 700,000 700,000 700,000 (01) 700,000 700,000 100,000 (02) 100,000 100,000 $ 8,175,000 $ 10,000 $8,165,000 - (84) - - - 45,000 (85) 450,000 - 450,000 $ 450,000 $ - $ 450,000 $8,755,000 $11,305,000 CITY OF COLUMBIA HEIGHTS, MINNESOTA ANNUAL FINANCIAL REPORT 113 r SCHEDULE OF INVESTMENTS December 31, 1983 CITY OF COLUMBIA NEIGNTS, MINNESOTA 114 ANNUAL FINANCIAL REPORT Date Maturity Par Yield Acquired Date Value City of Columbia Heights Storm Sewer Bonds 1965 4.83 10 -01 -69 1 -01 -84 $ 10,000 Certificate of Deposit 12.125 8 -22 -86 8 -22 -86 100,000 Certificate of Deposit 11.9 9-19-83 9-19 -88 100,000 Certificate of Deposit 11.15 10 -20 -83 9 -28 -88 100,000 Commercial Paper 9.4 10 -05 -83 4 -11 -84 500,000* U.S. Treasury Notes 9.2 6 -30 -80 6 -30 -84 100,000 U.S. Treasury Notes 9.625 11 -02 -81 8 -15-85 500,000 U.S. Treasury Notes 9.32 3-03 -83 11 -15 -84 1,500,000 U.S. Treasury Bills 9.9, 11 -04 -83 it -01 -84 700,000* U.S. Treasury Bills 9.5 12 -01 -83 5 -31 -84 505,000* Federal National Mortgage Association 9.17 2 -11 -83 2 -06 -84 300,000* Federal National Mortgage Association 8.87 3-09 -83 3-05 -84 860,000* Federal National Mortgage Association 10.08 5 -09 -83 4 -11 -88 500,000 Federal National Mortgage Association 9.0 4 -11 -83 4 -06 -84 320,000* Repurchase Agreement 8.25 12 -30 -83 1 -02 -84 551,781 Repurchase Agreement 10.2 8 -04 -83 2 -01-84 300,000 Ginny Mae 7.58 3 -22 -77 3 -01 -06 184,412 Money Market 8.0 12 -30 -83 1 -02 -84 473,026 Money Market 8.0 12 -30 -83 1 -02 -84 531,779 Total $8,135,998 CITY OF COLUMBIA NEIGNTS, MINNESOTA 114 ANNUAL FINANCIAL REPORT Table X Unamortized Unamortized Book Discount Premium Value $ 2,550 $ - $ 7,450 - - 100,000 - - 100,000 - 338 100,000 - - 476,506 133 - 100,000 - 4,354 500,000 } - 82,238 1,500,000 a - - 635,840 - - 482,276 - - 274,800 - - 789,910 - - 500,000 - - 293,600 - - 551,781 - - 300,000 - - 184,412 - - 473,026 - - 531,779 $ 2,683 $ 86,930 $ 7,901,380 Accrued Interest 184,235 Unamortized Discount (133) Unamortized Pemium 86,930 $ 8,172,412 CITY OF COLUMBIA NEIGNTS, MINNESOTA -• 115 ANNUAL FINANCIAL REPORT SCHEDULE OF INSURANCE IN FORCE December 31, 1983 Type of Coverage All Risk Coverage under the Public and Institutional Property Policy (90% Coinsurance -$500 Deductible) 40th Avenue Liquor Store University Avenue Liquor Store Policy Period - Building, from to or Structure Contents 1 -1 -83 12 -31 -83 $ 70,000 80,000 $ 150,000 (90% Coinsurance -$500 Deductible) City Hall $1,523,740 $ 292,820 Library 567,823 244,795 City Garage 1,519,351 117,128 Liquor Store -40th Avenue 91,160 9,837 Liquor Store - University Avenue 140,864 14,895 Community Center 777,236 40,269 Parks (11) 1,195,257 194,123 Well House - LaBelle Park 13,833 Band Stand 35,470 Bath House - Silver Lake 46,952 Warming House - Silver Lake 6,389 Lift Stations (3) 69,765 Water Tower 302,803 Pump Stations (2) 81,333 67,288 Warehouse- Cement 43,523 1,609 Warehouse -Metal 10,965 Water Meter Vault 9,620 4,392 Tema House 19,965 $6,456,049 $ 987,156 ($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 1 CITY OF COLUMBIA MEI6NTS, MINNESOTA 116 $ 759,410 $ 458,478 AMNUAL FINANCIAL KPORT Table XI a Type of Coverage Policy Period from to Boiler explosion 1 -1 -83 12 -31 -83 $100,000 per accident Workmen's Compensation 1 -1 -83 12 -31 -83 Statutory Comprehensive Auto Liability 1 -1 -83 12 -31 -83 - Bodily Injury $500,000 Property Damage $500,000 $250 Deduct. Uninsured Motorists $ 50,000 Automotive Physical Damage $ 500 Deductible $132,890 Fire Comprehensive Bus Liability 4 -13-83 4 -13 -84 Bodily Injury $500/500,000 Property Damage $500,000 Uninsured Motorists $25/50,000 Comprehensive General Liability 1 -1 -83 12 -31 -83 Bodily Injury $500,000 Property Damage $500,000 Statutory Liquor Legal Liability 1 -1 -83 12 -31 -83 $500,000 Public Official Liability 1 -29-83 1 -29 -84 $1,000,000 Umbrella Liability 6 -9 -83 6 -9 -84 $3,000,000 $10,000 Retention * The comprehensive general liability - includes the following additional coverages: (a) Personal 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. I CITY Of COLUMBIA NEICNTS, MINNESOTA 117 ANNUAL FINANCIAL REPORT Name Mayor and Council: Bruce G. Nawrocki s Arden Hovland Rita H. Petkoff Administration: Robert S. Bocwinski Linda Magee William Elrite Ronald Kalina Fred Salsbury Karen Meuleners Stuart Anderson Donald Johnson LeRoy Goranson Martin Gavic LeRoy Goranson Donald Weinand s Donald Jolly John Tiggas Rebecca Loader Table XI PRINCIPAL CITY OFFICIALS AND SURETY BONDS Year Ended,December 31, 1983 Offical Title Mayor Councilmember �wARb A. Councilmember 0- C.SOAi Counc i I member G 0+re d... 10ETL'0- S 1100 Councilmember Councilmember City Manager Administrative Assistant City Clerk- Treasurer - Finance Director - Liquor Operations Manager City Attorney Public Works /Director /City Engineer City Assessor Chief of Police Chief of Fire Building Inspector Plumbing Inspector Heating Inspector Electrical Inspector StTeU-'C--5upL-rf-n-Mndent7rarK upe r i n en ewer u e en e n t &:-'� Recreation and Community Services Director Librarian Amount of Surety Bond $50,000 $50,000 OF FOOLtc cd0 ites In addition to the positions listed above where bond amounts appear, the City has a $100,000 Faithful Performance Blank Position Bond on all City employees. CITY OF COLUMBIA HEIGHTS, MINNESOTA 11 ANNUAL FINANCIAL REPORT MISCELLANEOUS STATISTICAL FACTS 1983 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: 1972 1973 1974 1975, 1976 1977 1978 1979 1980 1981 1982 1983 Estimated Cost: 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 lqO N Table XIII March 14, 1898 July 21,'1921 Council- Manager January 1 3.52 Square Miles 3.0 6.2 61.8 IN 33.6 59.0 66.1 51'8 529 485 608 595 658 687 663 555 644 519 540, $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 13,757,934 7,829,198 2��r r `7 I7 ?�! CITY OF COLUMBIA MEIGNTS, MINNESOTA t 19 ANNUAL FINANCIAL REPORT Table XIII MISCELLANEOUS STATISTICAL FACTS (Continued) Fire Protection: Number of Stations 1 Number of Employees: 4,030 Full time 7 Volunteer 21 Police Protection: 123 Number of Stations 1 Number of Employees 22 Parks: 6,035 City Parks 13 Playground 11 County Park 1 Schools: 23,997 Senior High 1 Junior High 1 Elementary 3 Prochial Elementary 1 Employees: (as of December 31, 1983) 21,890 Regular 87 Part time 37 Temporary 37 1981 TTI Elections: Registered voters - last city general election 11,908 Number of votes cast last city general election 4,030 Percentage of registered voters voting 34% Population: 1900 123 1920 2,968 1930 5,613 1940 6,035 1950 8,175 1960 17,533 1965 (mid- decade census) 23,283 1970 (census) 23,997 1973 24,079 1974 23,503 1975 23,316 1976 22,324 1977 21,890 1978 21,300 1979 21,270 1980 20,029 1981 19,800 1982 19,670 1983 19,560 (CITY OF COLUMBIA NEIONTS, MINNESOTA 120 ANNUAL FINANCIAL REPORT