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Home My WebLink About1985 CAFRANNUAL FINANCIAL REPORT OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA 55421 590 FORTIETH AVENUE N.E. FOR THE YEAR ENDING DECEMBER 31, 1985 FINANCE DEPARTMENT William E1r,ite, 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. 1985 CITY COUNCIL Bruce G. Nawrocki, Mayor Russell D. Paulson Rita M. Petkoff Gary L. Peterson Edward M. Carlson Robert S. Bocwinski CITY MANAGER FINANCE DEPARTMENT Councilmember Councilmember Councilmember Counci Imember William Elrite Director TABLE OF CONTENTS Page 1. INTRODUCTORY SECTION Reference Number Administrative Organization Finance Directors Letter of Transmittal 1 -7 Auitors Report 7a -7b II. FINANCIAL SECTION A. General Purpose Financial Statements Combined Balance Sheet - All Fund Types and Account Groups Form A 8 -9 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Governmental Fund Types Form A -1 10 -11 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General and Special Revenue Fund Types Form A -2 12 -13 Combined.Statement of Revenues, Expenses, and Changes in Retained Earnings - All -- Proprietary Fund Types Form A -3 14 -15 Combined Statement of Changes in Financial Position - All Proprietary Fund Types Form A -4 16 -17 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Fund Types Form A-5 18 Notes to Financial Statements 19 -30 B. Combining and Individual Fund and Account Group Statements and Schedules General Fund Form B 31 -40 Special Revenue Funds Form C 41 -50 Debt Service Funds Form D 51 -54 Capital Projects Funds Form E 55 -58 Special Assessment Funds Form F 59 -61 Page Reference Number Enterprise Funds: Combining Balance Sheet Fora G 62 -65 Combining Statement of Revenues, Expenses, 6b -67 and Changes in Retained Earnings Fora G -1 Combining Statement of Changes in Financial 68 -69 Position Form G -2 Municipal Liquor Fund Form H 70-79` Water Utility Fund Form I 80 Sewer Utility Fund Fora J 86 -91 Refuse Utility Fund Form K 92 -94 Internal Service Fund: Central Garage Fund Form L 95 -99 Housing & Redevelopment Authority Form M 1.00 -105• Statement of General Fixed Assets Form N 10.6 Statement of General long -Term Debt Form 0 107 -109 III. STATISTICAL SECTION Assessed Value and Market Value of all 110 -111 Taxable Property Table I Tax Rates I Table II 112 City Tax Rates Table III 113 Tax Levies and Tax Collections Table IV 114 -115 Special Assessment Collections Table V 114 -115 Revenues -Other than Property Taxes 116 and Special Assessments Table VI Expenditures for Selected Functions Table VII 116 Statement of Legal Debt Margin Table VIII 117 . Combining Schedule of Bonds Payable Table IX 118 -123 Schedule of Investments Table X 124 -125_ Schedule of Insurance in Force Table XI 126 -127 Principal City Officials and Surety Bonds Table XII 128 -129 Miscellaneous Statistical Facts Table XIII 130 Audit Report on Federal Revenue Sharing Funds 131 DEPARTMENTS Accounting City Clerk Elections Utility Billing Collections Liquor No. 1 Off Sale 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 POLICE CITY MANAGER ADMINISTRATIVE ORGANIZATION CITY OF COLUMBIA HEIGHTS, MINNESOTA HOUSING AN REDEVELOP- MENT AUTHORITY MAYOR COUNCIL MEMBERS ELECTORS RECREATION 6 INDEPENDENT COMMUNITY SCHOOL DIS- SERVICES TRICT #I GENERAL COMMISSION GOVERNMENT BUILDINGS LEGAL [CITY OF COLUMBIA NEIGNTS, MINNESOTA COMMISSIONS AND BOARDS Planning and Zoning Recreation t Community Services Fork Traffic RECREATION t HRA COMMUNITY Library SERVICES Human Services Police i Fire Civil Service Charter Downtown Development ANNUAL FINANCIAL KPORT CITY OF CITY, OF COLUMBIA HEIGHTS � � 590 40th Ave. N. E. IL 0 B (612) 788 -9221 "SERVICE IS OUR BUSINESS" June 27, 1986 Mr. Robert S. Bocwinski City Manager City of Columbia Heights Dear Mr. Bocwinski: The annual financial report of the City of Columbia Heights, Minnesota for the year ended December 31, 1985 is submitted herewith. The organization, 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 Governmental Units. The report consists of three sections: Section I is the introductory section and contains the Table of Contents, Letter of Transmittal, Administrative organization and Auditors report. Section -II is the financial section and contains the general purpose financial statements, notes to financial statements and the combining and individual fund and account group statements and schedules. Section III is the statistical section and contains comparative statistical tables and data having reference value for citizens and investors. ACCOUNTING SYSTEM AND REPORTS The City maintains complete self - balancing account groups for each entity of the City in accordance with the organizational chart of the City. This results in a classification of transactions according to specific functions, separate and distinct from those pertaining to unrelated activities. The City's accounting records are maintained on the accrual, or modified accrual basis, as appropriate. Budgetary control is maintained by an encumbrance system whereby purchase requests are pre- audited as to authorization and availability of funds prior to their release to vendors. Also inherent in this controlling I _, Bruce G. Nawrocki, Mayor Rita M. Petkoff, Councilmember Russell D. Paulson, Councilmember Edward M. Carlson, Councilmember Gary L. Peterson, Councilmember EQUAL OPPORTUNITY EMPLOYER o function is the management philosophy that the existence of a particular item or appropriation in the approved budget does not automatically mean that it will or must be.spent. The budget process has flexibility in that, where need has been adequately demonstrated, an adjustment can be made within the department budget by the City Manager, or between departments and funds by the City Council. Therefore, there is a constant reviewal process and expenditures are not approved until it has been determined that (1) adequate funds were appropriated, (2) the expenditure is still necessary and (3) funds are available. 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 appliable), Enterprise Funds and Internal Services Funds are presented with comparative information to 1984. GENERAL FUND On December 31, "1985, the fund balance of the General Fund totaled $2,608,527 of which $231,627 is designated for the 1986 budget. This leaves an undesignated fund balance which is adequate, but it should be pointed out that this represents a working capital for general operations that is used extensively during the first seven months until current taxes and state aids are received. The following table shows previous year -end General Fund balances, as compared to adopted budget of the following year. General Fund Budget Beginning of Year 1976 2,329,365 1977 2,549,629 1978 2,917,260 1979 3,078,785 1980 3,407,235 1981 3,978,165 1982 4,342,875 1983 4,245,909 1984 4,536,850 1985 4,443,220 1986 4,778,107 Total of Appropriated and Unappropriated Fund Balance Beginning of Year Amount x of Budget 292,898 12.6 591,399 23.2 863,828 29.6 95:,562 31.1 1,312,026 38.5 1,508,906 37.9 1,538,691 35.4 1,734,848 40.9 2,142,151 47.2 2,612,770 58.8 2,608,527 54.6 Estimated and actual revenues for the current year are presented in Form B -2. Revenues received for general government operations totaled $4,435,624 in 1985, a decrease of $155,314 over the previous year. The following table presents an analysis of the mayor revenue sources of the Gen -fral Fund for 1985 and its change from 1984. -2- Total& 84.435.624 100.0% 8(154.954) From the above table, it is apparent that the.aalor. sources available for funding the general operations is the property tax (29.2 %) and intergovernmental revenue (51.7 %) primarily state aide. 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 principal remained the same. The following table summarized the City's status in complying with the law for 1984 and 1986. ' 1. Adjusted 1985 Levy Limit Base (1 +2) 8 3.164.465 2. Inflation Adjustment 1.05% 3. Inflation Adjustment 1986 Levy Limit Base (3X4) _ 83.322.688 ' 4. Adjustment for Growth in Population or-Households (Use the larger of the following ratios) Population Households a. 1985 19,540 7,738 b. 1984 19,530 7,590 c. Ration (1985/84) 1.001 1.019 1.019 ' 5. Population /Household adjusted 1986 Levy Limit Base (5X40 8 3,385.819 ' 6. Adjustment for Decrease in Federal Revenue Sharing S 1,009 7. Adjusted Levy Base 8.3,386.828 8. 1986 Local Government Aids 8 1,734.449 9. 1.986 Final Levy Limitation (7 -8) 8 1,652.379 1985 Percent Increase (Decrease) Revenue Source Amount of Total from 1984 General Property Taxes 8 1,295,593 29.2% S 15,220 Licenses and Permits 139,470 3.1 (76,472) Intergovernmental Revenue 2,294,414 51.7 139,566 Charges for Services 115,919 2.6 (468,659) Fines and Forfeits 104,741 2.4 53,732 ' Miscellaneous Revenue 232,288 5.2 51,625 Expenditure Reimbursements 8,332 .2 (27,720) .� Transfers -In 244.867 1.9 157,754 Total& 84.435.624 100.0% 8(154.954) From the above table, it is apparent that the.aalor. sources available for funding the general operations is the property tax (29.2 %) and intergovernmental revenue (51.7 %) primarily state aide. 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 principal remained the same. The following table summarized the City's status in complying with the law for 1984 and 1986. ' 1. Adjusted 1985 Levy Limit Base (1 +2) 8 3.164.465 2. Inflation Adjustment 1.05% 3. Inflation Adjustment 1986 Levy Limit Base (3X4) _ 83.322.688 ' 4. Adjustment for Growth in Population or-Households (Use the larger of the following ratios) Population Households a. 1985 19,540 7,738 b. 1984 19,530 7,590 c. Ration (1985/84) 1.001 1.019 1.019 ' 5. Population /Household adjusted 1986 Levy Limit Base (5X40 8 3,385.819 ' 6. Adjustment for Decrease in Federal Revenue Sharing S 1,009 7. Adjusted Levy Base 8.3,386.828 8. 1986 Local Government Aids 8 1,734.449 9. 1.986 Final Levy Limitation (7 -8) 8 1,652.379 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 1983 through 1985 was as follows: ' 1985 19_ 84 1983 City's taxable value: 8 1,500,988 0 1,468,278 0 1,426,869 Personal property 113.7_ 21_ 411 108.071.288 105.913.390 , Real estate Sub Total 8115,222,399 0110,139,566 $107,340,259 ' Areawide allocation: Contribution to "pool" 5 (4,407,361) 0 (4,695,234) 8 (5,178,793) Distribution from "pool" 14.264.696 13.663.552 10.544.639 Net Increase 5 9.857.335 0 8.968.318 6 6.822.287 ' Combined Value 8125,079,734 5119,107,884 $114,162,546 ssosssssssss sazsassz�zxz ssaxssssssss ' 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 received in cash, unremitted current taxes are not recognized as revenue until in they are received. and are used to finance the budget in the year which ' SPECIAL REVENUE FUNDS The Municipal State -Aid Street Fund was established to receive gasoline tax , apportionments from the state which are used to construct state -aid streets. In 1981 this fund was restated in accordance with N.C.G.A. statement Number 2. Previously revenue was recorded at the time of apportionment from the State of it is earned. ' Minnesota. Under the restatement, revenue is not recorded until 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. 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Rev.Sharing Revenue Interest Earnings 157,339 10,907 159,482 6,257 178,817 5,800 176,635 9,584 160,131 12,872 160,957 20,396 141,743 24,207 113,225 29,368 112,599 51,406 110,091 38,667 Capital Total Proiects Operations 168,246 158,164 68,528 165,739 108,928 25,478 184,617 179,120 12,723 186,219 112,904 18,189 173,003 110,709 29,357 181,353 135,903 3,951 165,950 59,318 1,832 142,593 125,750 2,737 164,005 40,912 14 148,758 231,408 9,918 Trf.To Fund Balance Other Fd. Total Year End 226,692 41,953 134,406 73,286 191,843 66,060 131,093 121,186 140,066 154,123 139,854 195,622 61,150 300,422 128,487 314,528 40,926 437,607 50,500 299,826 286,540 ' In 1986 it is estimated that the City will receive $ 82,644 in revenue sharing payments and 525,000 in interest earnings. The adopted 1986 budget includes 5 -0- for general operations and $203,202 for capital projects, leaving an estimated fund balance of $1900-982. 0 In 1978 the Recreation Commission function. The revised Recreation a funded and directed in co- operation through a six member board. The a recreation programs in the schools, 1984 expenditures of $322,315 exce balance to $43,230. was expanded to.include a Community Services nd Community Services Commission Fund is with Independent School District No. 13 ctivity of this fund covers year round city parks and outside the community. In eded revenues by $2,333 decreasing the fund FIXED ASSETS The general fixed assets of the City,are those fixed assets used in the performance of general governmental functions, but exclude the fixed assets of the proprietary funds. As of December 31, 1985 the general fixed assets of the City thus far recorded amount to $8,555,909. 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 recognized, as is customary in municipal accounting, in the City's accounting system, but depreciation of assets is recognized in the proprietary funds for rate setting purposes, etc. An appraisal of buildings, structures and which the City had cost information) was plus the original assessed cost of water City's accounting records. Replacement established from the appraisal. '! -5 equipment (excluding accomplished in 1979. and sewer lines were values for insurance vehicles for These values established on the - purposes were also ENTERPRISE FUNDS Licuor Operation Total Off -Sales were 52,931,417 an increase from 1984 of $1,497,327. Total Net operating income was 586,893, an increase of $61,409. WATER.SEWER & REFUSE UTILITIES The Water Utility Fund had a 1985 net loss of 9341 or a loo.27% decrease in revenues compared to a net income of $129,440 in 1984. The Sewer Utility Fund with a 17.06% increase in revenues had a net income of $338,492 in 1985 compared to a net income of 5289,172 in 1984. The Refuse Utility had a net income of $22,632 in its first year as an enterprise. 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 1985, the City collected $359,531 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 establishment of fixed assets and related depreciation for the garage. Retained earnings has,.an unreserved fund balance of 562,526 as of December 31, 1985. Depreciation, although not considered in the initial years, will be a factor in future user rates. TRUST AND AGENCY FUNDS Ivestment Trust Fund The Investment Trust Fund was created in 1974 to record all investment transactions except direct investments of bonds of the City purchased by other funds. Interest earnings from these investments are allocated to all funds of the City, except construction accounts and the trust and agency funds, on the basis of the average cash balances during the year. Investment principal at December 31, at book value, is also allocated to the individual funds. The allocation of interest earnings to December 31, includes accrued interest receivable, which is added to the book value of the investments. Interest rates were slightly lower in 1985 than in the preceding year. Interest earnings for the past ten years are follows: Year Earnings Yield 1976 121,051 7.75% 1977 114,186 5.69% 1978 119,918 6.29% 1979 181,797 9.21% 1980 229,978 11.14% 1981 324,608 12.30% 1982 364,565 11.40% 1983 587,366 10.69% 1984 905,514 9.41% 1985 894,223 8.01% The 1985 earnings were distributed to the following funds: General 8 182,479 Revenue Sharing 38,667 Special Assessments 188,079 Capital Improvements 138,830 Debt Service 35,190 Liquor 129,639 Water 42,562 Sewer 120,559 Garage 7,247 Park Dedication 2,071 Cable Television 8,900 NEW LEGISLATION The 1978 Minnesota Legislature enacted Chapter 787 to standardize and improve municipal financial reporting. Beginning in 1978, 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 luditor'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. Respectfully submitted, William Elrite Finance Director -7- 1 HE CITx OF COLUM IA HEIGHTS, MINNESOTA NNUA TINABCIAL KEPQRT EAR kNDED llECEMBER S1, 1935 GENERAL PURPOSE FBAICIAL STATEMEXTS 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 7a -7b Combined Balance Sheet - All Fund Types and Account Groups Form A 8 -9 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Governmental Fund Types Form A -1 10 -11 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General and Special Revenue Fund Types Form'A -2 12 -13 Combined Statement of Revenues, Expenses and Changes in Retained Earnings - All Proprietary Fund Types Form A -3 14 -15 Combined Statement of Changes in Financial Position - All Proprietary Fund Types Form A -4 16-17 Combined Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Fund Types Form A -5 18 Notes to Financial Statements 19 -30 BERGREN, HOLMGREN & LOBERG, LTD. ' A PARTNERSHIP INCLUDING AN ACCOUNTANCY CORPORATION CERTIFIED PUBLIC ACCOUNTANTS OFFICES IN; ' - Burnsville, MN NO. ST. PAUL, MN 55109 St. Paul, MN 2534 E. 7TH AVE. New Prague, MN PHONE (612) 777 -1331 To the Honorable Mayor and ' Members of the City Council City of Columbia Heights, MN ' We have examined the combined financial statements of the City of Columbia Heights, Minnesota and its combining and individual fund and account group financial statements as of and for the year ended December 31, 1985 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, based upon our examination and the report of other auditors the combined financial statements referred to above present fairly the financial position ' of the City of Columbia Heights, Minnesota at December 31, 1985 and the results of its operations and the changes in financial position of its proprietary fund types for the year then ended, in conformity with generally accepted accounting principles ' applied on a basis consistant with that of the preceding year. Also, in our opinion, the combining and individual fund and the account group financial statements referred to above present fairly the financial position of the individual funds and account groups of the City of Columbia Heights, Minnesota at December 31, 1985 and the results ' of operations of such funds and the changes in financial position of individual proprietary funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistant with that of the preceding year. ' The prior year "memorandum only" information presented is not complete financial statement presentations for 1984 in accordance with generally accepted accounting ' principles, as they do not present the component funds or fund types of the reported amounts, nor do they present comparisons to budget for the general and special revenue fund types and thus we do not express an opinion as to the fairness of the 1984 ' "memorandum only" presentations included. -7a- MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS To the Honorable Mayor and Members of the City Council City of Columbia Heights, MN Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole and on the combining and individual fund -and account group financial statements. The accompanying financial information listed as supporting schedules in the table of contents is 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 combining, and individual fund and account group, 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 table of contents. i 1 April 7, 1986 -7b- t a I. A 9 H i - is �m a0y� RE 95 55 z N C ... ., ..r � � 1 1 2�.• I � � �9ymvp�.hp+ M 1� ilt lL •r to r$' In wr .+ C47 A �%3 �2Si�a5 o:iS"�ad� h 1~vl � :�• � .fir � � 1 Y7 t 1 � tL N .~i � � � � � M .~+ Or M a - AT o r+ w•s yN� gs� CD U. 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JJ in r~.� W M Y .yy� �+ d {Na r .a ■ y .bpi •C W N Q .60 J J •M •: � W � Chi ~ W c r J 1L —9- COMBINED,STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN °FUND BALANCES - ALL GOVERNMENTAL FUND TYPES Year Ended December 31, 1985 Special General Revenue REVENUES: ----- - - ---- ---- - - - - -- uer#eral property taxes $1,295,593 $ - Homestead credit 489,842 - Special assessments - - Licenses and permits 139,470 - Fines and forfeitures 104,741 - Interest and rents 209,833 47,567 Intergovernmental revenues 1,804,572 243,205 Charges for services 115,919 173,197 Other revenue 30,787 ----- - - - - -- - ---- - - - - -- Total Revenues $4,190,757 $463,969 OTHER FINANCING SOURCES: Transfers from other funds 244,867 100,988 Proceeds from sale of bonds - ----- - - - - -- - ---- - - - - -- Total Revenues and Other Sources $4,435,624 $564,957 EXPENDITURES: Current: General government $850,356 $1,292 Public safety 1,799,231 166,807 Public works 705,051 49,957 Sanitation 4,097 - Library 221,821 4,386 Parks.and recreation 465,796 341,198 Other 11,352 50,591 Capital outlay - - Debt service: Principal retirement - - Interest and fiscal charges - ----- - - - - -- - ---- - - - - -- Total Expenditures $4,057,704 $614,231 OTHER FINANCING USES: Transfers to other funds: 382,163 ----- - - - - -- 106,257 ---- - - - - -- Total Expenditures and Other Uses $4,439,867 $720,488 EXCESS OF REVENUES AND OTHER SOURCES ----- - - - - -- ---------- OVER (UNDER) EXPENDITURES AND OTHER USES ($4,243) ($155,531) FUND BALANCE AT BEGINNING OF YEAR 2,612,770 ----- - - - - -- 656,577 ---- - - - - -- FUND BALANCE AT END OF YEAR $2,608,527 $501,046 -10- i Form A -1 - $ - $ - Total $565,191 - - (Memorandum Only) Debt Capital Special ---------------------------- 755,008-- Service Projects Assessments - 4, 097✓ ----- - - - - -- w 1, -57,000 ----- - - - - -- $ - ----- - - - - -- $ - - -- -1985 - - -- $2,352,59,3'-' -- -1984 - - -- $1,807,252 87,738 - - 577, 580✓ 523,478 - - 361,248 361,248-" 539,035 - - - 139,470-- 215,942 - - - 104, 741,-" 51,009 35,272 138,830 2.1-3;_681 645, 183✓ 602,397 - - -_ - 2,047,777 1,946,653 - - - 289,,116 706,135 23,3iRO 264,781 29,1-88 348,076-' 96,621 ----- - - - - -- $1, 203, 33L► ----- - - - - -- $40316.11 ----- - - - - -- $604, 11 1 ------ - -: - -- 6, 865, 784 '-- $6,865,7841-- ----- - - - - -- $6,488,522 1,291,011 889, 561 438,978 2,965,405 1,539,545 - 2,121,611 - 2,121,611 1,070,000 $2,494,341 $3,414,783. $1,043,095 $11,952,800 $9,098,067 - $ - $ - $1351,648 $565,191 - - - 1,966,038 v 1,656,970 - - - 755,008-- 657,712 - - - 4, 097✓ 450,010 - - - 226,207--1 228,272 - - - 806,994 � 762,429 - - - 61, 943 49,551 - 1,096,463 48, 143 1,144,606--- 893,433 - - - - 600,000 786,312 39,984 426,944 1,253,240 879,760 $786,312 $1,136,447 $475,087 $7,069,7811--- $6,743,328 -- -238, 576 - - -- 1,163,496 ----- - - - - -- 495,416 ----- - - - - -- 2,405,908 ------ - - - - -- 1,506,797 ----- - - $1,024,888 $2,319,943 $970,503 $9,475,689-- - - -- $8,250,125 $1,469,453 $1,094,840 $72,592 $2,477,111 $847,942 599,124 1,026,656 (453, 771) 4,441,356 3,593,414 $2,068j577 2,121,496 ($381,179) $6,918,467 $4,441,356 COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND ' BALANCES - BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES Year Ended December 31, 1985 ' OTHER FINANCING USES: 3S9,360 GENERAL FUND , 163- 3S2 7,197 ' Transfers to other funds ------ - - - - -- Total Expenditures and----- ------- 220 - - - - -J- $4,443,220 ___ -_! 439 $4,,867 Original Revised Actual Variance Over(Under) Budget ------ - - - - -- Budget ----- - - - - -- ----- - - - - -- ----- - - - - -- ' REVENUES: General property taxes $1,262,130 $1,262,130 $1,295,593 489,842 $33,463 (10,158) Homestead Credit 500,00 160,395 500,000 160,395 139,470 (20,925) ' Licenses and permits 50!700 50 700 , 104, 741 54 041 ! Fines and forfeitures 140,230 140,230 809,833 69,603 $2,608,527 __ - -- Interest and rents 1,782,605 1 782 , , 605 1, 804, 572 21,967 Intergovernmental - revenue 117 835 117,835 115,919 (1,916) Charges for services ! 16,500 16,500 30,787 14,287- Other revenue --- ---------- $4,030,39 ,, $4,030,395 $4,190,757 $160,36a Total Revenue OTHER FINANCING SOURCES: 125,000 125,000 244,867 119,867 ' Transfers from other fund Total Revenues and - ------ $4,155,395 $4,155,395 $4,435,624 $280,229 Other Sources - EXPENDITURES: General government $763,410 $850,356 $850,356 $ - Public safety 1,759,295 1,799,231 1,799,231 705,051 - Public works 719,155 10, 255 705,051 4,097 4,097 Sanitation 219, 425 221,S21 221,821 - Y Library recreation 439, 420 465, 796 14, 705 465, 796 11,352 - 3,353 ' Other 142 , 7TL - - Capital Outlay - - -- ------ - - - -- Total Expenditures $49053,660 ----------- $4,061,057 $4,057,704 $3,353 ' OTHER FINANCING USES: 3S9,360 38�, 613 , 163- 3S2 7,197 ' Transfers to other funds - Total Expenditures and----- ------- 220 - - - - -J- $4,443,220 ___ -_! 439 $4,,867 $3,354 $4 443 ! Other Uses + EXCESS OF REVENUES AND OTHER SOURCES OVER (UNDER) EXPEND - (287,825) (287,825) (4,243) 293,583 TURES AND OTHER USES FUND BALANCE AT BEGINNING 2,612,770 2,612,770 2,612,770 OF YEAR FUND BALANCE AT END OF YEAR $2,324,945 $2,324,945 $2,608,527 __ - -- _ -$283, 583- ' The notes to the financial statement are an ' in part of this statement -12- 1 SPECIAL REVENUE FUNDS --------------- - - - - -- ---- - - - - -- Variance Revised Budget Actual Over(Under) Budget --- - - - - -- --- - - - - -- ----- - - - - -- ---- - - - - -- Farm A -2 TOTAL (Memorandum Only) ----------------------- Variance Actual Over(Under ----- - - - - -- ---- - - - - -- $ - $ - $ - $1,262,130 $1,295,593 ($33,4613) $500,000 489,842 10,158 _ $160,395 139,470 20,925 - - - $50,700 104,741 ( 54,041) ' 23.120 47,567 24.447 $163,350. 257,400 ( 94,050)' 486, 335 243,205- (243,'130) $2,268,940 2,047,777 221,163 175,675 173,197 (2,478) $293,510 289,116 4,394 - - - 500- - - - -30, 787- - ( -14, 287 ) $685,130 $463,969 ($221,161) -$16, $4,715,525 $4,654,726 $60,799 ' 109,360 --- 100,988 --- - - - - -- - - -- (6,372) -- -234, 360- - 345,855 ---- - - - - -- (111, 495) ---- - - - - -- - - - - -- $794, 490 --- - - - - -- $564,957 --- - - - - -- ($229,533) ----- - - - - -- $4,949,885 ----- - - - - -- $5,000,581 ----- - - - - -- ($50,696) ---- - - - - -- $13,615 $1,292 $12,323 $863,971 $851,648 $12,323 122,595 166,808 (44, 213) 1,921,826 1,966,038 ( 44,212) 4G, 230 49,957 (3,667) 751,341 755,008 ( 3,667) - - - 4,097 4,097 - __ 12,900 4, 386 8, 514 234,721 226, 207 8,514 372,995 341,198 31,797 838,791 806, 994 31.797 74,955 50,591 24,364 89,660 61,943 271'717 ' $643,350- $614,232- ---$29,118- 4, 704, 407 $4,704,407- $4,671,935- 4, 671, 935 --$32,472- 32, 472 ' 293,904 --- - - 98,910 --- - - - - -- 194,994 ----- - - - - -- 676,517 ----- - - - - -- 481,073 --=-- - - - - -- 195,444 ---- - - - - -- - - -- $937, 254 --- - - - - -- $713,142 --- - - - - -- $224,112 ----- - - - - -- $5,380,474 ----- - - - - -- $5,153,008 ----- - - - - -- $227,466 ---- - - - - -- (142, 764) (148, 185) (4531,645) ( 430.589 (152, 427) ($278,162) - 656,-79- - 6-6,-73 - ----- - - - - -- 3,269,349 - - - -- - --- ---- ---- - - - - -- $513,815 $508,394 ($453,645) $2,838,760 $3,116,922 ($278,162) -13- COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES Year Ended December 31, 1985 OPERATING REVENUES% Sales Cost of sales Gross Profit OPERATING EXPENSES: Personal services Other services and charges Supplies Source of supply /Disposal charges Total OPERATING INCOME BEFORE DEPRECIATION DEPRECIATION OPERATING INCOME NONOPERATING REVENUES (EXPENSES) Interest income Interest expense Other income (expense) - net Total Net Income before transfers Transfers to Other Funds Net Income TRANSFER DEPRECIATION ON CONTRIBUTED ASSETS Income Transferred to Retained Earnings RETAINED EARNINGS, BEGINNING OF YEAR RETAINED EARNINGS, END OF YEAR -14- Enterprise $4,870,019 E,448,034 $241,985 $415,078 312,813 48,377 1,19S,722 $1,974,990 $469,537 145,700 $323,S37 $294,832 34,588 $329y420 $653,256 560,672 $92,585 65,229 $157,814 4,633,148 4,790,962 1 Form A -3 Total (Memorandum Only) Internal Service 1585 1984 $161,764 $5,031,783 $3,248,244 - 2,448,034 1,166,886 ----- - - - - -- --- - - - - -- $161, 764 --- - - - - -- ----- - - - - -- $4031749 ----- - - - - -- $2,079,358 ----- - - -- -- $78,565 $493,643 $483,470 58,398 371,211 197,387 7,091 55,468- 61,790 - --- - - - - -- 1,198,722 - -- 538,711 - ---- ' $144,054 $2,119,044 $1,681,358 $17,710 $487,247 $398,000 5,181 --- -- - - -- 150,881 ---- - - - - -- 108,912 ----- - - - - -- $12,529 --- - - - - -- 7 $336, 366 ----- - - - - -- $289,088 ----- - - - - -- ,.$7,247 $302,079 $391,310 2,105 --- - - - - -- 36,593 ----- - - - - -- 14,038 - - - - -- $9, 352 --- - - - - -- $338,772 ----- - - - - -- - $405,348 ----- - - - - -- ' $21, 881 $675,137 $694,436 -1 560,672 32,748 '$21,881 --- - - - - -- ----- - - - - -- X114, 466 ----- - - - - -- $661,688 - - 65,229 ----- - - - - 65,229 - - -- -- ' --- - - - -- $2i,881 --- - - - - -- -- $179,695 ----- - - - - -- ----- $726,917 ----- - - - - -- - -52, 850- -4,685,998 - -3,959,081 ' $74,731 --- - - - - -- $4,865,693 ----- - - - - -- $4,685,998 ----- - - - - -- t �r COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES Year Ended December 31, 1985 Enterprise SOURCES OF WORKING CAPITAL: Operations: Net income (lass) $92,585 Items not requiring (providing) working capital Depreciation �n 141, 918 Working Capital Provided by Operations $234,503 Decrease in long terra contract receivable 11,891 Decrease in deferred receivable- reserve capacity 2,091 Total Sources of Working Capital $248,485 USES OF WORKING CAPITAL: Additions to property and equipment -net 204,433 INCREASE IN WORKING CAPITAL $44,052 ELEMENTS OF INCREASE IN WORKING CAPITAL: Cash .($85,765) Investments (77,545) Accounts receivable 72,292 Inventory 5,113 Accounts payable 147,197 Due to other funds (78) Due from /to other governmental units 3,869 Accrued liabilities (1,031) Net Increase in Working Capital $44,052 The notes to the financial statements are an integral part of this statement -16- Form A -4 Total (Memorandum Only) Internal Service 1985 1984 $21,881 $114,466 $661,688 5,181 147,099 108,912 $27,062 $61,565 $770,600 - 11,891 11,434 - 2,091 1,863 $27,062 $275,547 $783,897 4,775 209,208 242,700 $22,287 $66,339 $541,197 $'26,529 ($59,236) $2, 801 (77,545) 738,591 (16") 72,276 (203,689) 4,486 9,599 257,532 (6,574) 140,623 (223, 848) - (78) - 3,869 (2,138) (23, 169) (30, 190) --- - - - - -- $22, 287 --- - - - - -- $66,339 --- - - - - -- $5411197 -t7- HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUND TYPES Year ended December 31, 1985 Revenues: Rents Loans and grants: Community Development Block Grant Housing and Urban Development Obligation Bond Proceeds Grant Drawdowns Miscelleanous Total Revenues Expenditures: Form A -5 I Totals Special (Memorandum only) General Revenue ----------------- - -- - -- Fund Fund 1985 1984 --- - - - - -- ------ - - - - -- ----- - - - - -- ----- - - - - -- $ - $151,002 $151,002 $135,667 - 238,866 238,866 75,786 - 1869995 186,995 295,192 - 136,000 136,000 601,365 - 648,289 648,289 - 96,071 58,834 --- - - - - -- ------ - - - - -- 154,905 ----- - - - - -- 209,268 ----- - - - - -- $96,071 $ 1,419,985 --- - - - - -- ------ - - - - -- $1,516,056 ----- - - - - -- 1,317,278 ----- - - - - -- Ad m i n i st at i on $103,792 $ 70,506 $ 174,298 131,935 Utilities, maintenance and operations - 130,053 130,053 132,097 Loans and grants 16,903 23,871 40,774 79,516 Rental assistance - - - 20,261 Property acquisition /site improvement - 686,672 686,672 666,558 Relocation assistance - 200,524 200,524 - Legal 3,250 32,339 35,589 35,409 Principal reduction - 120,201 120,201 - Interest - 66,794 66,794 121,193 Other expenditures 1,299 77,510 78,809 - - - - -- 44,930 ---- - - - - -- Total Expenditures --- - - - - -- $125,244 --- - - - - -- ------ - - - - -- $ 1,408,470 ------ - - - - -- ----- $1,533,714 ----- - - - - -- 1,231,899 ---- - - - - -- Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance at end of year ($29,173) $ 11,515 $ (17, 658) 85,379 636,086 --- - - - - -- ------ 438,400 - - - - -- 1,074,486 ----- - - - - -- 989,107 ----- - - - - -- $606,913 $ 449,915 $1,056,828 $1,074,486 MC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1985 ' Note 1 - Summary of Significant Accounting Policies ' The City operates under a Home Rule Charter which prescribes the council - manager form of government. The following services are provided: public safety, highways and streets, sanitation, health and social services, culture - recreation, public improvements, planning and zoning, ' and general 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 are in conformance with NCGA Statement 3, Defining the..Governmental Reporting Entity and Statement 7, Financial ' Reporting for Component.Units within the Governmental Reporting Entity The accounting policies of the City conform to generally accepted ' accounting principles as applicable to governments. The following is a summary of the more significant policies. ' A. FUND,ACCOUNTING The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a ' separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses, as appropriate: Government resources are allocated to ' and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the ' financial statements in this report, into seven generic fund types and two broad fund categories as follows: Governmental funds -- ' General Fund - The General.Fund is the primary operating fund of the City. It is used to account for all financial resources ' except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted ' to expenditures for specified purposes. Debt Service Funds - Debt Service Funds are used to account for ' the accumulation of resources for, and the payment of, general long -term debt principal, interest, and related costs. ' Capital Project Funds - Capital 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. -19- NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1985 ' Note 1 - Summary of Significant Accounting Policies (Continued) A. FUND ACCOUNTING (Continued) ' Proprietary Funds -- Enterprise Funds - Enterprise Funds are used to account for ' operations (a) that are financed and operated in a manner similar to ' private business enterprises - where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing ' basis be financed or recovered primarily through user charges; or, (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and /or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. Internal Service Funds - Internal Service Funds are used to , account for the financing of goods or services provided by one department or agency to 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 spending or "financial flow" measurement , focus. This means that only current assets and current liabilities are generally included in their balance sheets. Their reported fund balance is considered a measure of "available , 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 the general fixed assets. ' 20 1 1 ' NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1985 ' Note 1 - Summary of Significant Accounting Policies (Continued) B. MEASUREMENT FOCUS (Continued) 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. ' 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. ' Proprietary funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or non - current) ' associated with their activity are included on their balance sheets. Their reported fund equity is segregated into contributed capital and retained earnings components. Proprietary fund type ' operating statements present increase (revenues) and decreases (expenses) in net total assets.. Fixed assets of proprietary funds are recorded therein in ' historical cost. Depreciation is charged as an expense against operations and accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided ' over the estimated useful lives using the straight -line method. The estimated useful lives are as follows: ' Building 40 to 50 years Machinery and equipment 5 to 20 years Structures 5 to 20 years Mains & Lines 50 to 100 years Donated fixed assets are valued at the fair market value of the date received. tC. BASIS OF ACCOUNTING All governmental funds are accounted for using the modified accrual basis of accounting. Revenues are recognized when they become measurable and available. Substantially all sources of revenue are accrued. -21- NOTES TO FINANCIAL STATEMENTS (CONTINUED) ' DECEMBER 31, 1985 Note 1 - Summary of Significant Accounting Policies (Continued) 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 are recognized when due. All proprietary funds are accounted for using the accrual basis ' of accounting. Revenues are recognized when they are earned, and expenses are recognized when they are incurred. D. BUDGETS AND BUDGETARY ACCOUNTING The City follows these procedures in establishing the budgetary data reflected in the financial statements. ' (a) Prior to January 1, the budget is adopted by the City Council. ' (b) Formal budgetary integration is employed as a management control, device during the year for the General Fund and Special Revenue Funds. , (c) Budget for the General and Special Revenue are adopted on a basis consistent with generally accepted accounting principles. (d) 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 expend- ' itures 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 Investments - Cash balances from all funds are pooled and invested in allowable investments. Investment earnings are allocated to the individual funds on the basis of average cash ' and investment balances. Invested amounts totaled $11,168,408 and $9,790,449 at December 31, 1985 and 1984 respectively. Property Taxes - Property taxes are set by the City Council in ' October each year, and are certified to Anoka County for collection in following year. Such taxes constitute a lien on the property on January 1 of the year collectible. ' The County provides tax settlement to the City three times a year. ' Allowances have been provided for property taxes receivable which were not paid to the County by December 31. ' -22- 1 1 NOTES TO FINANCIAL STATEMENTS (CONTINUED) ' DECEMBER 31, 1985 Note 1 - Summary of Significant Accounting Policies (Continued) ' E. ASSETS AND LIABILITIES (Continued) Assessments receivable - Special assessments are levied against the benefited properties for the assessable costs of special assessment improvement projects in accordance with State Statutes. The City usually adopts the assessment rolls when the ' individual projects are complete or substantially complete.. The assessments are collectible over a term of years generally consistent with the term of years of the related bond ' issue. Collection of annual installments (including interest) is handled ' by the City with only delinquent balances being certified to the County. Property owners are allowed to prepay total future installments without interest or prepayment Penalties. Special assessments receivable include the following components: Unremitted - amounts collected by County but not remitted ' to City at December 31. Delinquent - amounts billed to property owners but not paid. Deferred - assessment installments which will be billed to property owners in future years. Inventories - Inventories of the proprietary funds are stated.at the lower of FIFO cost (first -in, first -out) or market. 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. ' REVENUES, EXPENDITURES AND EXPENSES F. RE N , ' Certain grants received by the City require that eligible expenditures be made in order to earn the grant. Revenue for these grants if recorded in the period in which.eligible ' expenditures are made. Utility service charges are recognized when earned. Unbil led utility service charges are included in receivables at year -end. ' Interest on bonded indebtedness is recorded as an expenditure when paid in the governmental fund types. 1 -23 NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1985 G. COMPARATIVE DATA Comparative data for the prior year have been presented to provide an understanding of changes in the City's financial position and operation. H. TOTAL COLUMNS ON COMBINED STATEMENTS Total columns on the Combined Statements 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 - Due from�Other Governmental Units General Fund Anoka County - Court Fines $ 8,526 State - Civil Defense 412 State - Street Maintenance 1,580 Anoka County - Ins. Prem. Tax - fire 33,000 HRA - Oct -Dec 1985 expense 2,207 HRA - Parkview Villa 2,500 Anoka County - Street Maintenance 18,060 Hilltop 1.938 68,223 Special Revenue Fund Revenue Sharing Para Transit Debt Service Funds HRA Enterprise Funds Sewer Fund - MWCC Refuse Fund - Expense HRA Department of Housing and Urban Development Anoka County City of Columbia Heights Minnesota Housing Finance Agency Metro Council -24- 26,899 506 27,405 13,319 13,319 82,147 3.869 86,017 187,415 25,279 166,300 5,269 7.981 .392.244 $587,208 = =ems== NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1985 Note 3 - 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 1985, the City received credits against M.W.C.C. billings totaling 5311,808, of which $141,014 was treated as a reduction of principal. During 1985, the City received a credit of $22,272, of which 511,891 was a reduction of principal. As of December 31, 1985, a balance of $247,628 remained to be collected over the next fifteen years. 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, 1985 was $23,819 and is collectible over the next eight years. During 1985, the City received $4,297 related to this receivable, of which $2,091 represented a reduction of principal. Note 4 - Interfund Receivable and Payable Balances Receivable HRA General Fund 146,293 HRA Special Revenue Funds Downtown Development Fund Low Income Housing Fund Anoka County Community Development Block Grant Fund -25- 102,170 $248,463 Payable 140,527 4,050 103,886 $248,463 Note 6 - HRA NOTES TO FINANCIAL STATEMENTS (CONTINUED) property and equipment at December 31, 1985 ' ' DECEMBER 31, 1985 Balance ' Note 5 - Changes in General Fixed Assets Jan 1,1985 Changes in General Fixed Assets Account Group during 1984 follows: ' Land $ 69,688 were as S 69,688 ' Building Adjustments 80,092 - 2,159,158 Balance and Balance ' - Jan 1, 1985 Additions Retirements Dec. 31, 1985 $2,426,146 Land $3,025,100 S- 2_506,486 $3,025,100 Note 7 - Proprietary Bldgs.& Structures 3,490,475 S 7,233 -_ - - -- 3,497,708 ' Furniture, Fixtures 2,229,619 2,475,155 4,803,933 , & Office Equip. 677,666 47,158 340 724,484 - Machinery & Equip. 1,129,523 236,300 57,206 1,308,617 148.486 TOTAL $8,322,764 S 290,691 S 57,546 58,555,909 Note 6 - HRA Property and Equipment property and equipment at December 31, 1985 ' ' Balance Adjustments & Balances Jan 1,1985 Additions Retirements Dec 31,1985 Land $ 69,688 S - $ - S 69,688 ' Building 2,079,066 80,092 - 2,159,158 5 36,586 Equipment 277,391 249 - 277.640 212,924 26,245 $2,426,146 S-- 80,341 S----- S- 2_506,486 ' Note 7 - Proprietary Fund Types Property and Equipment -_ - - -- Buildings A summary of the enterprise funds property and equipment at December 31, 1985 ' follows: Water Sewer Liquor Utility Utility Total ' Land S 7,125 S 45,223 5 36,586 S 88,934 Buildings 80,613 212,924 26,245 319,782 Improvments Other than Buildings 99,159 2,229,619 2,475,155 4,803,933 , Office Furniture & Equip. 23,404 - - 23,404 Machinery & Equipment 148.486 124,092 194,992 467,570 $358,787 $2,611,858 S 2,732,978 $5,703,623 Less Accumulated Depr. 97,473 1,149,165 1,302,093 2,548,731 $261,314 $1,462,693 S 1,430,885 $3,154,892 A summary of the Internal Service Funds, property and equipment at December 31, ' 1985 follows: Central ' Garage Buildings & Improvements $ 13,795 Office Furniture & Equipment 741 ' Machinery & Equipment 71,465 S 86,001 Less Accumulated Depreciation 65.527 ' S 20,474 -26- 1 'I NOTES TO FINANCIAL STATEMENTS (Continued) DECEMBER 31, 1985 Note 8 - Lonq -Term Debt Changes in long -term debt during the year ended December 31, 1985 are summarized below (in 000'x) Tax Increment Bonds of 1980, 8.0 %- 8.75x, Payable in Varying Annual Amounts to 2002 General Obligation TAx Increment Bonds Series 1984, 7 *0% -9.4x, payable in varying annual amounts,. 1986 -1994 _ General Obligation Tax Increment Bonds of 1985, Series A,Payable in varying annual amounts, 1986 to 2002 Special Assessment Bonds of 1985, Series B, payable in varying annual amounts, 1980 to 1986 2,460,000 S 13,785,000 S 8,155,000 1,070,000 2,100,000 The annual requirements Balance bonded debt Balance 31, 1985, Jan 1,1985 Issued Retired December 31 „1985 Tax Increment Bonds S 9,225 S 2,100 S - $11,325 Special Assessment 2,600 2,460 2,600 2,460 Total $11,825 S 4,560 S 2,600 513,785 Bonds payable at December 31, 1985 are comprised of the following issues. Tax Increment Bonds -- 333 1,575 Tax Increment Bonds of 1980, 8.0 %- 8.75x, Payable in Varying Annual Amounts to 2002 General Obligation TAx Increment Bonds Series 1984, 7 *0% -9.4x, payable in varying annual amounts,. 1986 -1994 _ General Obligation Tax Increment Bonds of 1985, Series A,Payable in varying annual amounts, 1986 to 2002 Special Assessment Bonds of 1985, Series B, payable in varying annual amounts, 1980 to 1986 2,460,000 S 13,785,000 S 8,155,000 1,070,000 2,100,000 The annual requirements in thousands of dollars.to amortize all bonded debt ' outstanding at December 31, 1985, including interest payments of 510,255,130 are as follows in (000's) ' Year Ending Tax Special. December 31, Increment Assessement Total 1986 1,209 197 1,406 ' 1987 1,242 333 1,575 1988 1,278 341 1,619 1989 1,300 352 1,652 1990 1,321 349 1,670 1991 -95 6,748 1,746 8,494 1996 -99 6,011 135 6,246 2001 -02 1,378 - 1,378 20,587 3,453 24,040 -27- NOTES TO .FINANCIAL STATEMENTS (Continued) DECEMBER 31, 1985 Note 8- Long - Term Debt (Continued) 52,068,577 is available in Debt Service Funds to service the general obligation and tax increment bonds. There are a number of limitations and restrictions contained in the various bond indentures. The City is in compliance with all significant limitations and restrictions. 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. Any deficiencies in revenue from these sources will be provided by general property taxes. Note 9 - Reserved -Fund Equity The following reservations of fund equity have been made as of December 31, 1985 Debt Service Funds 1985 Debt Service $ 2,068,577 HRA Reserved for Community Development S 654,290 Reserved for Future Operations $ 101,502 Note 10 - Segment Information - Enterprise Funds The City maintains four enterprise funds. Segment information for the year ended December 31, 1985 is as follows: Liquor Sales, less cost of sales of $2,448,034 S 483,383 5 Operating Revenue - Depreciation 26,377 Depreciation Transferred to Contributions - Operating Income 86,893 Operating Transfers Out (482,727) Net Income (268,198) Property & Equip.- Additions 11,383 Net Working Capital 1,232,479 Total Assets 1,676,363 Total Equity- Contributed - Total Equity- Retained Earnings 1,493,793 Water Sewer Refuse Utility Utility Utility Total , S 483,383 ' 736,311 775,944 466,567 1,978,822 51,245 68,078 - 145,700 (26,294) (19,270) (25,518) (341) 54,553 595,791 2,128,066 1,040,866 (38,935) 231,043 (25,094) 338,492 138,497 1,534,202 3,252,628 979,617 1,017,619 2,256,918 -28- - (65,229) 42,849 341,515 (27,333) (560,672) 22,632 92,585 - 204,433 22,632 3,385,104 23,053 7,080,110 - 2,020,483 22,632 4,790,962 NOTES TO FINANCIAL'STATEMENTS (CONTINUED) ' DECEMBER 31, 1985 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 ' DepartmentiRelief 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 - P.E.R.A.). By agreement, the Fire Relief Association was split into two divisions - paid and volunteers as of January 1, 1978. ' The City levies annually and applies state aid for pension contributions to the associations. In 1985 the amounts were: Levy State -Aid Total Police Relief S 84,250 S 76,160 S 160,410 Fire Relief - Paid 71,914 47,030 118,944 ' Fire Relief - Volunteer 8,391 - 8,391 $164,555 $123,190 S 287,745 ' 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 unfunded pension liability by the year'2005. ' The following schedule of accrued liabilities was obtained from the latest actuarial surveys dated December 31, 1984. Accrued Actuarial Accrued Funded (Unfunded) Assets Liability Accrued Liability Police Relief S 1,558,172 S 3,398,559 S (1,840,387) ' Fire Relief -Paid 939,959 2,421,126 (1,481,167) Fire Relief - Volunteer 548,308 322,676 225,632 1 -29- 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. Note 14 - Commitment ' The City has leased premises for a liquor store under a five year agreement expiring in 1989 and requiring total annual rental payments of $58,250. -30- 1 NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31,1985 , Note 11 - Retirement Plans (Continued) 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 4.25% of the total salary of each individual (employee share 4%). For the basic plan, the City's contribution is ' equal to 10.5% of each individual's salary (employee share 8%). For Police and Fire PERA, the City's contribution is equal to 12% of each individual's salary (employee share 8%). The pension cost including amortization of estimated prior service cost was $175,274 for the year ended December 31, 1985. It is State Law that the City fund this pension cost as it accrues. Prior service cost is being amortized, over a period of 40 years with full funding required by the year 1997, as a percent of gross wages by all 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 7.05% of the first $39,000 in 1985 or total of $99,635. ' 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 representatives. The audits of these programs for or including the year.ended December 31, 1985 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. Note 14 - Commitment ' The City has leased premises for a liquor store under a five year agreement expiring in 1989 and requiring total annual rental payments of $58,250. -30- 1 HE CITX OF COLUM IA HEIGHTS, MINNESOTA NNUA rINABCIAL EP RT . EAR iNDED 1JECEMBER 10 1955 GENERAL Frio 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 35-40 Farm B GENERAL FUND COMPARATIVE BALANCE SHEET December 31, 1985 and 1584 ASSETS - -- 1985 1984 Cash: -------- - - - - -- -------- - - - - -- Treasurer's balance $29,065 $203,284 Imrrest cash and change funds 1,240 1,560 Total Cash -------- - - - - -- -------- $30,305 - - - - -- $204,844 Investments, at cast 2,616,779 2,417,631 Taxes receivable -- unremitted 12,222 17,282 Taxes receivable -- delinquent 51,764 36,290 Less: Allowance for uncollectable taxes (51,764) (36,290) Accounts receivable: Unbilled services - 82,650 Other 11,896 50,953 Due from ether governmental units 68,223 13,610 Prepaid insurance 45,205 647 Total Assets -------- - - - - -- -------- $2,784,630 - - - - -- $2,787,60 ! InDILITIES, AND FUND BALANCE -------------- -------- - - - - -- Liabilities: Accounts payable $46,449 $64,858 Accrued salaries and withholdings 90,284 72,526 Deposits 28,564 25,665 Due to ether governmental units 98 1,884 Deferred reven"e 10,708 9,914 Total Liabilities -------- - - - - -- -------- $176,103 -------- - - - - -- -------- - - - - -- $174,847 - - - - -- Fund Balance: Reserved for encumbrances $ - $ - Unreserved Designated for subsequent year's Expenditures 231,627 287,825 Undes i gnat ed 2,3761900 -------- - - - - -- -------- 2,324,945 - - - - -- Total Fund Balance -- Form B -1 $2,608,527 -------- - - - - -- -------- $2,612,770 - - - - -- Total Liabilities, and Fund Balance - $24784,630 -------- - - - - -- -------- -------------- -------- $2,7S7,617 - - - - -- - - - - -- _31_ ' $850,356 1,799,231 1,799,231 705,051 Farm b -1 4,097 4,097 GENERAL FUND 221, 821 465,796 ' STATEMENTS OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE Year Ended December 31, 1985 ' With Comparative Actual Amounts for Year Ended December 31, 1984 1985 1984 ----------------------------- - - - - -- Variance ---- - - - - -- Revised Favorable Budget Actual (Unfavorable Actual Revenues: ----------------------------- - - - - -- ---- - - - - -- ' Taxes $1,262,130 $1,295,593 $33,463 $1,280,373 Licenses and permits 160,395 139,470 (2 0,965) 215,942 Fines and forefeitures 50,700 104,741 54,041 51,009 Interoovernmentai revenues 2,282,605 2,294,414 11,809 2,154,848 Charges for current services 117,835 115,919 (1,916) 584,578 Miscellaneous 148, 730 232,288 83,558 180,663 Refunded reimbursements 8,000 -,_ 6,332 - - - -- 332 ----- - - - - -- �- 36,05- --- - - - - -- J Total Revenues ----- - - - - -- $4,030,395 ----- - $4,190,757 $160,362 $4,503,465 ' Other Financing Sources: Transfers from other funds 'Total Revenues and Other Sour ^ces ' Ex pent, i f +res: General government Public safety Public works Sanitation Library 'Parks Other 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 Fund balance at end of year 125,000 244,867 119,867 87,113 ----- - - - - -- ----- - - - - -- ----- - - - - -- ---- - - - - -- $4,155,395 $4,435,624 $280,229 $4,590,578 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- $850,356 $850,356 1,799,231 1,799,231 705,051 705,051 4,097 4,097 221,821 221, 821 465,796 465,796 14,705 11,352 $4,061,057 $4,057,704 $ - $563,717 - 1,654, 871 - 645,265 450,010 - 212, 379 - 488, 758 2,607 $3,353 $4,017,607 382,163 382,163 - 102,352 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- $4,443,220 $4,439,867 $3,353 $4,119,959 ----- - - - - -- ----- - - - - -- ----- - - - -7- ----- - - - - -- ($287,825) ($4,243) $283,582 $470,619 2,612,770 2,612,770 - 2,142,151 $2,324,945 $2,608,527 $283,582 $2,612,770 -32- Form B -2 GENERAL FUND SCHEDULE OF REVENUES - BUDGET AND ACTUAL Year Ended December 31, 1985 Revised Variance Budget Actual Favorable Revenue Revenue (Unfavorable ------ - - - - -- ------ - - - - -- ------ - - - - -- General property taxes.: Current ad valorem $1,239,130 $1,256,387 $17,257 Delinquent ad valorem 20,000 25,184 5,184 Penalties and interest 3,000 14,022 - - -- ------ 11,022 - - - - -- Total ------ - - - - -- $1,262,130 ------ - - - - -- ------ - - $1,295,593 ------ - - - - -- ------ $33,463 - - - - -- Licenses and permits: Business regulatory licenses $63, 295 $70,196 $6,901 Non - business licenses and permits 97,100 - E9,274 ------ - - - - -- ------ (27,826) - - - - -- Total ------ - - - -- $160,395 ------ - - - - -- $139,470 ------ - - - - -- ------ ($20,925) - - - - -- Fines and forefeitures: Court fines $50,000 $104,25a $54,258 Other 700 483 - - - - -- ------ (217) - - - - -- Total ------ - - - - -- $501700 ------ - - - - -- ------ $104,741 ------ - - - - -- ------ $54,041 - - - - -- Revenue from use of money and property: Interest earnings -- Investment Trust Fund $115,000 $182,479 $67,479 Rents 25,230 27,354 2,124 Total ------ - - - - -- $140,230 ------ - - - - -- ------ - - - - -- ------ $209,833 ------ - - - - -- ------ - - - - -- $69,603 - - - - -- Revenue from ether agencies: Shared state taxes: Local government aid Property tax relief (Homestead) Insurance premium tax Other Anoka county: Street maintenance Federal aid: Civil defense reimbursement Total $1,639,020 $1,637,928 5007000 469,842 81,755 84,707 35,770 41,399 0,060 36,120 (10, 1581 c, 95c 5,629 18,060 S,000 4,418 ( 3, 582 ) $2,2S2,605 $2,294,414 $11,809 ----- - - - - -- ------ - - - - -- ------ - - - - -- -33- GENERAL FUND SCHEDULE OF REVENUES - BUDGET AND ACTUAL (CONTINUED) Year Ended December 31, 1585 Other revenue: Sale of land Gain sale equipment Miscellaneous Total Charges for current services: General government Public safety Public works Library Parks Refuse' collection Other Total Refunds and reimbursements: Construction labor reimbursement Equipment rental reimbursement Other reimbursements Total Total Revenue Other Financing Sources: Transfers from other funds Grand Total Farm B -2 Revised Variance Budget Actual Favorable Revenue Revenue (Unfavorable $4,000 $1,782 ($2, 218 ) 0 10,314 10,314 , 4, 500 10,359 5,859 $8,500 --- - - - - -- ------ $22,455 - - - - -- ------ $13,955 - - - - -- $800 $2,770 $1,970 49,585 51,025 1,440 10,800 18,245 7,445 4,650 4,959 309 45,500 36,996 (8,504) 5,500 0 (5,500) 1,000 1,924 924 $117,835 $115,919 ($1,916) --- - - - - -- ------ - - - - -- ------ - - - - -- 7,000 - (7,000) 1.000 8,332 7, 33 ------ - - - - -- ------ - - - - -- ------ - - - - -- $8, 000 $8,332 $332 ------ - - - - -- ------ - - - - -- ------ - - - - -- $4,030,395 $4,190,757 $ 160, 362 125,000 244,867 119,867 $4,155,395 $4,435,624 $280,229 -34- GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL Year Ended December 31, 1985 1985 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 Capital Outlay Total Elections: Personal services Other services and charges Supplies Capital Outlay Total Assessing: Personal services Other services and charges Supplies Capital Outlay Total Legal: Other services and charges Form B -3 --------------------------------------------------- 28,701 3,750 Unencumbered Original Budget $ 197, 360 (Overexpended) Budget --------------------------------------------------- (Revised) Expenditures Balance $72,240 $73,382 $73,382 $ 46,915 43j402 43,402 $ - -------- - - - - -- 1,335 ------ - - - - -- 1,034 ----- - - - - -- 1,034 ----- - - - - -- - -------- - - - - -- $120, 490 ------ - - - - -- $117,818 ----- - - - - -- $117,08 ----- - - - - -- $ - -------- - - - - -- $69,090 $117,488 $117,48S $ 47,700 42,231 42,231 -------- - - - - -- $ - -------- - - - - -- 6,250 ------ - - - - -- 713 ----- - - - - -- 713 ----- - - - - -- - -------- - - - - -- $ 1 23, 040 ------ - - - - -- $160,432 ----- - - - - -- $160,432 ----- - - - - -- $ - -------- - - - - -- $82,310 $197,247 35,800 28,701 3,750 3,613 75,500 --- - - - - -- 781 ---- - - - - -- $ 197, 360 $230,342 $197,247 $ 28,701 - 31 61 3 781 - ----- - - - - -- -------- - - - - -- $230.342 $ - ----- - - - - -- -------- - - - - -- $10,535 $2,297 $2,297 $ 3,240 7,716 7,716 1,600 1,797 1,797 - 0 14,181 - -- 14,101 ----- - - - - -- - -------- - - - - -- ------ - - - - -- $15, 375 ------ - - - - -- ----- - - - $25j991 ----- - - - - -- $257991 ----- - - - - -- $ - -------- - - - - -- $69, 605 $961160 $96,160 $ - 17, 045 41681 4,681 1,100 852 852 - ------ - - - - -- $87, 750 ------ - - - - -- ----- - - - - -- $101,693 ----- - - - - -- ----- - - - - -- $101,693 ----- - - - - -- -------- - - - - -- $ - -------- - - - - -- $88,000 ------ - - - - -- $78,823 ----- - - - - -- $78,823 ----- - - - - -- $ - -------- - - - - -- $88, 000 ------ - - - - -- $7S,823 ----- - - - - -- $78,823 ----- - - - - -- $ - -------- - - - - -- -35- Farm B -3 GENERAL FUND `-SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1985 -------------------------------------------------- 1985 Unencumbered Original Budget (Overexpended) Budget (Revised) Expenditures Balance GENERAL GOVERNMENT ( continued): -------------------------------------------------- Planning: Personal services $10,315 $10,316 $10,316 $ - Other services and charges 15,490 15,795 15,795 - Supplies 250 405 405 - - Total ----- - - - - -- $26, 055 ----- - - - - -- $26,516 ----- - - - - -- $26,516 -------- - - - - -- $ - General Government Buildings: Personal services $19,780 .$22,438 $22,438 $ - Other services and charges 76,560 74,502 74,502 - Supplies 9, 000 9,254 9,254 - Capital Outlay 0 2,547 2,547 - Total $105,340 $108,741. $108,741 $ - TOTAL GENERAL GOVERNMENT ----- - - - - -- $763,410 ----- - - - - -- $850,356 ----- - - - - -- $850,356 -------- - - - - -- $ - PUBLIC SAFETY: Police Protection: Personal services $972,050 $1,038,799 $1,038,799 $ - Other services and charges 65,050 63,852 63,852 Supplies 37,515 35,534 35,534 - Capital Outlay 0 460 460 - Total $1,074,615 $1,138,645 $1,138,645 $ - Fire Protection: ----- - - - - -- ----- - - - - -- ----- - - - - -- -------- - - - - -- Personal services $489,040 $472,218 $472,218 $ - Other services and charges 33,500 30,609 30,809 - Supplies 21,360 16,351 .16,351 - Capital Outlay 0 =- 22,050 22,050 - Total ----- - - - - $5432,900 ----- - - - - -- $541,428 ----- - - - - -- $541,428 -------- - - - - -- $ - Protective Inspection: Personal services $92,630 $82,409 $82,409 $ - Other services and charges 8,545 11,033 11,033 - Supplies 1,320 ----- - - - - -- 954 ----- - - - - -- 954 ----- - - - - -- - -------- - - - - -- Total $102,495 $94,396. $94,396 $ - Civil Defense: Personal services $21,945 $10,494 $10,494 $ - Other services and charges 7,965 7,180 7,180 - Supplies 975 ----- - - - - -- 1,028 ----- - - - - -- 1,028 ----- - - - - -- - -------- - - - - -- Total 885- $18,702 $18,702 $ - - - -$30, _36- ----- - - - - -- ----- - - - - -- -------- - - - - -- GENERAL FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1985 PUBLIC SAFETY: (continued) Animal Control: Other services and charges Supplies Total TOTAL PUBLIC SAFETY PUBLIC WORKS: Engineering: Personal services Other services and charges Supplies Capital Outlay Transfers Out Total Street Maintenance: Personal services Other services and charges Supplies Capital Outlay Tot a l Form B -3 1985 ---------------=---------------------------------- Unencumbered Original Budget (Overexpended) Budget (Revised) Expenditures Balance -------------------------------------------- - - - - -- $7,150 $6,003 $6,003 $ - 250 57 57 - $7,400 $6,060 - - - - -- $6,060 ----- - - - - -- $ - -------- - - - - -- ----- - - - - -- $1,759,295 ----- $1,799,231 $1,799,231 $ - $ 1 55, BO5 $166,068 $166,066 $ - 18,840 18,962 16,962 - 8,210 6,556 6,556 - 0 844 844 - 0 (0) (0) - - - - -- - -------- - - - - -- ----- - - - - -- $182, 855 ----- - - - - -- ----- - - - - -- $192,430 ----- - - - - -- ----- $192,430 ----- - - - - -- $ - -------- - - - - -- $207,955 $181,029 $181, 029 $ - 73, 870 106,586 106,586 - 56,550 40,520 40,520 - 0 1,265 1,265 - - - - - -- ----- - - - - -- $336,375 ----- - - - - -- ----- - - - - -- $329,400 ----- - - - - -- ----- - - - - -- $329,400 ----- - - - - -- -------- $ - -------- - - - - -- Street Lighting: $19,582 $19,562 $ - 53,695 57,487 Personal services $1,170 $53 $53 $ - Other services and charges 73,050 68,974 - - - - -- ----- 68,974 - - - - -- - -------- - - - - -- ----- Total ----- - - - - -- ----- $74,220 - - - - -- $69,027 ----- - - - - -- ----- $69,027 - - - - -- $ - -------- - - - - -- Traffic Signs and Signals: Personal services $23,760 $15,673 $15,673 $ - Other services and charges 15,185 13,607 13,607 Supplies ----- 12,610 - - - - -- 7,596 ----- - - - - -- 7,596 ----- - - - - -- - -------- - - - - -- Total ----- $51,555 - - - - -- $36,876 ----- - - - - -- $36,876 ----- - - - - -- $ - -------- - - - - -- Tree Trimming and Removal: Personal services Other services and charges Supplies Total TOTAL PUBLIC WORKS $18,205 $19,582 $19,562 $ - 53,695 57,487 57,487 - 250 249 -- 249 - ----- - - - - -- -------- - - - - -- ----- - - - - -- ----- $72,150 ----- - - - - $77,318 - - - - -- $77,318 $ - ----- - - - - -- -------- - - - - -- ----- - - - - -- $719, 155 ----------- ----- $705,051 - - - - -- $705,051 $ - - - - - - -- -37- ' Farm F -3 GENERAL FUND ' SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET. AND ACTUAL Year Ended December 31, 1985 1985 - - - - -- --------------- ------------------------- Unencumbered Original Budget (Overexpended) ' Budget -------------------------------------------------- Revised Expenditures Balance SANITATION: . Refuse Collection and Disposal: Personal services $ - $ - $ - $ - Other services.and charges S_i p p 1 i es Capital Outlay - ----- - - - - -- - ----- - - - - -- - ----- - - - - -- - -------- - - - - -- Total $ - I ----- - - - - -- $ - ----- - - - - -- $ - ----- - - - - -- $ - -------- - - - - -- Weed Control: ' Personal services $3,705 $361 $361 $ Other ser vices and charges 6,550 3,736 3,736 - 1 Total $10,255 $4,097 - $4,097 ----- - - - - -- $ -------- - - - - -- TOTAL SANITATION ----- - - - - -- $10,255 ----- - - - -- $4,097 $4,097 $ - LIBRARY: Personal services $143,500 $149,497 $149,497 $ - Other services and char ues 31,850 29,149 29,149 - ' Supplies 44,075 42,886 42,88F, Capital Outlay 0 289 - -- 289 ----- - - - - -- -------- - - - - -- ' Total ----- - - - - -- $219,425 - ----- - -- $221,821 - - - - -- $221,821 ----- - - - - -- $ - -------- - - - - -- MUNICIPAL PARKS: ----- - - - -- ----- Administration and Maintenance: ' Personal services $290,575 $283,702 $263,702 $ - Other services and charges 99,870 140,704 140,704 Supplies 48,975 36,909 36,909 - ' Capital Outlay - - - - -- - - -0- - - - -- -4,481 .----- 4,481- - -------- - - - - -- Total $439,420 ----- - - - - -- $465,796 ----- - - - - -- $465,796 ----- - - - - -- $ -. -------- - - - - -- -38 Farm B -3 GENERAL FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1585 1985 --------------------------------- - - - - -- Unencumbered Original Budget (Overexpended Budget (Revised) Expenditures Balance -------------------------------------------- - - - - -- UNALLOCATED EXPENSE: Taxes and licenses $900 $ - $ - $ - Other miscellaneous pus 142, 000 14,705 11,352 - - -- ------- 3,353 - - - - -- T ' -' Unallocated ----- - - - - -- $142,900 ----- - - - - -- $14,705 ------ - - $11,352 - - - - -- ------- $3,353 - - - - -- Total Expenditures ----- - - - - -- $4,053"860 860 ----- - - - - -- $4, 061, 057 ------ $4,057,704 $3,353 Other Financing Uses: TRANSFERS TO OTHER F=UNDS Recreation $99,360 $99,360 $99,360 $ - PAiRA Transit Fund 10,000 1,628 1, 628 - Wzyn Hall 280,000 2S0,000 280, 000 - Refuse Fund 1,175 1,175 - - - - -- ------- - - - - - -- Total Transfers ----- - - - - -- M9,360 ----- - - - - -- $382,163 ------ $382,163 $ - - -- ------- - - - - - -- Grand Total ----- - - - - -- $4,443,220 ----- - - - - -- $4,443,220 ------ - - $4,4391867 $3,353 -39- 1 1 1 1 1 1 1 Farm B -3 GENERAL FUND SCHEDULE OF EXPENDITURES (CONTINUED) BUDGET AND ACTUAL Year Ended December 31, 1985 1985 Unencumbered Original Budget (Overexpended Budget - - - - -- (Revised) - -- Expenditures Balance ------------------ - - - - -- UNALLOCATED EXPENSE: Taxes and licenses $900 $ - $ - $ - Other miscellaneous 142,000 ----- - - - - -- 14,705 ----- - - - - -- 11,352 ------ - - - - -- ------- 3,353 - - - - -- Total Unallocated $142,900 $14,705 $11,352 $3,353 -- • Total Expenditures ----- - - - - -- $4, 053, 860 ----- - - - - -- $4,061,057 ------ - - - - -- ------- $1,057,704 - - - - $3,353 Other Financing Uses: TRANSFERS TO OTHER FUNDS Recreation $99,360 $99,360 $99,360 $ - PARA Transit Fund 10,000 1,62a 1,628 - vurzYn Hall o, 000 2SO, T"L0 280,000 - Refuse Fund 1,175 1,175' - - - - -- - - - - - -- Total Transfers ----- - - - - -- $389,360 ----- - - - - -- $382,163 ------ ------- $382,163 $ - Grand Total ----- - - - - -- $4;443,220 ----------- ----- - - - - -- $4,443,220 ----- - - - - -- ------ - - - - -- ------- $4,439,a67 ------ - - - - -- ------- - - - - -- $3,353 - - - - -- An HE CITX OF COLUM IA HEIGHTS, MINNESOTA NNUA TINA�j CIAL 1EP RT 35 EAR iNDED 1JECEMBER 1, 19 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 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 Combining Statement of Revenues, Expenditures and Changes in Fund Balance Statements of Revenues, Expenditures and Changes in Fund Balance: Revenue Sharing Fund Park Dedication Fees Recreation and Community Services Fund Paratransit Fund Municipal State Aid Street Fund Cable Television Fund Page Form C 41 -42 Form C -1 43 -44 Form C -2 45 Form C -3 46 Form C -4 47 Form C -5 48 Form C -6 49 Form C -7 50 SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET December 31, 1985 With Comparative Totals for December 31, 1984 ASSETS Cash: Treasurer's balance imarest cash Total Cash Investments, at cast Accounts receivable D_a fron other governmental units: Due from Federal- Revenue Sharing Due from State of Minnesota Total Assets LIABILITIES, AND FUND BALANCE ----------------------- L----- Liabilities: Accounts payanle Accrued salaries payable Accrued social security /p. E. R. A. payabl Due to Other Funds Due to Other Government Units Total Liabilities Fund Balance: Reserved for encumbrances !_preserved: Designated for subsequent year's expenditures Undesignated Total Fund Balance Total Liabilities, and Fund Balance Park Recreation Revenue Dedication & Community Sharing Fee Services --- - - - - -- --- - - - - -- --- - - - - -- $ - $ - $41,419 100 --- - - - - -- --- - - - - -- --- - - - - -- $ - $ - $41,519 262,182 - - - - 13,533 26,899 - - --- - - - - -- --- - - - - -- --- - - - - -- $289, 081 $ - $55,052 --- - - -- -- --- - ----- --- -- - - -- --------- --- -- -- -- --- - - - - -- $2,541 $ - $6,532 - - 4,776 - - 514 --- - - - - -- --- - - - - -- --- - - - - -- $2, 541 $ - $11,822 --- - - - - -- --- - - - - -- --- - - - - -- 52,500 - 7,499 234,040 - 35,731 $886,540 $ - $43,230 --- - - - - -- --- - - - - -- --- - - - - -- $89,081 $ - $55,052 --- - - - - -- --- - -- - -- --- -- - - -- --------- --- -- - - -- --- - - -- -- ' Farm C 1 Totals ' Municipal (Memorandum Only) State Cab le __- _ ----- - - -- -- Paratransit Aid Television 1985 1984 --- - - - - -- --- - - - - -- --- - - - - -- ------------------------ ' $7,115 $ - $ $48,534 $5,964 - - _ 100 100 ' - - -$7, 115 - $ - $48,634 $6,064 G-,,714 101,493 427,389 628,720 - - 10, a-27 23,760 12,565 - - - rr 26, 8 � j 26,096 507 - - 507 -- 34,418- ' -----7--- $7,622 --- - - - - -- $L3, 714 --- - - - - -- $111,720 --- - - - - -- $527,189 $709,863 $1,723 $ _ $4,158 $14,954 $2,357 ' 4,776 3,650 - - - 514 339 34,972 ' ___J,8��_ _ --- - - - - -- _ --- - - - - -- ___5,899 - - -- - _11,968- $7, 622 --- - - - - -- $ - --- - -_ - -- $4,158 --- - - - - -- $2-6,143- --- - - - - -- $53,286 -- - - ---- ' $ - $ $ - $ - $122,489 1 - 63,714 - 123,713 125,9'05 - - --- - - - - -- 107,562 --- - - - - -- 377, 33 3 --- - - - - -- 408,183 --- - - - - -- --- - - - - -- - --- - - - - -- $63, 714 --- - - - - -- $107,562 --- - - - - -- $501,046 --- - - - - -- $656,577 --- - - - - -- ' $7,622 $63,714 $111,720 $527,189 $709,863 ' -42- SPECIAL REVENUE FUNDS ' COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1965 ' With Comparative Totals for Year Ended December ---------------------------------------- 31, 1984 Recreation -& Revenue Park Community ' Sharing Dedication Services Revenues: Revenue from other agencies: ---- - - - - -- --- - -- - -- --- - -- - -- , Federal $110,091 $ $ State of Minnesota - - - independent School District #13 - - 99,360 ' Interest earnings 38,667 - - Fees - - 121,262 Total Revenues ---- - - - - -- $148,758 --- - - - - -- $ - --- - - - - -- $220,622 Other Financing Sources: Transfers from other funds - ---- - - - - -- - --- - - - - -- -- 99,360- , Total Revenues and Other Sources $148,758 $ - $319,982 Expenditures: Public Safety $166,807 $ - $ - Street and engineering 49,957 - - Livery 4,386 - - Recreation - - 322,315 General Government 1,292 - - State-aid construction & maintenance - Para transit - - - Cable Television - - - Miscellaneous - Parks 18,883 - - Total Expenditures $241,325 ---- - - - - -- $ - --- - - - - -- $3221315 --- - - - - -- Other Uses: Transfer to other funds 5S,500 25,529 - $25,529 $322,315 , Total Expenditures and other uses $299,825 ---- - - - - -- --- - - - - -- --- - - - - -- Excess of Revenues and Other Sources over (under) Expeeditues and other ' uses ($151,067) _ ($C_5, 529) (0,333) Fund balance at beginning of year $437,607- - $25,529- - $45,563- ' Fund balance at end of year - $286,540 $ - $43,230 -43- Municipal Form C; -1 Totals (Memorandum Only) 1985 $110,091 33,754 99,360 47,567 173,197 $463,969 1984 $112,599 56,569 94,800 81,600 121,557 $467,125 1,628 - --- - - - State Cable Paratransit --- - - - - -- Aid --- - - - - -- Television --- - - - - -- --- - - - - -- $17,280 --- - - - - -- --- - - - - -- $54,740 --- - - - - -- - $564,957 ---- - - - - -- 16,474 17,280 - - - 6,900 6,095 - 45,840 $cc, 569 $17,280 ' $54,740 Form C; -1 Totals (Memorandum Only) 1985 $110,091 33,754 99,360 47,567 173,197 $463,969 1984 $112,599 56,569 94,800 81,600 121,557 $467,125 1,628 - --- - - - - - 100,988 ---- - - - -- --- 108,352- - -- $249197 --- - - - - -- --- - - - - -- $17,280 --- - - - - -- --- - - - - -- $54,740 --- - - - - -- - $564,957 ---- - - - - -- $569,477 ----- - - - - -- $ - $ - $ - $166,807 $2,099 - - - 49,957 12,447 - - - 4,386 15,893 - - - 322,315 264,672 - - - 1,292 1,474 - 12,768 - 12,768 3,295 16,757 - - 16,757 18,879 - - 21,066 21,066 24,756 - - - - 14 - --- - - - - -- - --- - - - - -- - --- - - - - -- 18,883 ------ - --- 8,999 ----- - - - - -- $16, 757 --- - - - - -- $12,768 --- - - - - -- $21,066 --- - - - - -- $614,231 ---- - - - - -- $352,526 ----- - - - - -- 7,440 - 14,788 106,257 69,609 $2-4,197 --- - - - - -- $12,768 --- - - - - -- $35,854 --- - - - - -- $720, 488 ---- - - - - -- $442,137 ----- - - - - -- $ - $4,512 $18,886 ($155,531) $127, 340 $ - - ----- - -- $59,202 --- - - ---- $88,676 --- ------ $656,577 ----- ----- $52'x, 237 --- -- - - ---- $ - $63,714 $107,562 $501,046 $656,577 -44- Form C -2 REVENUE SHARING FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1985 With Comparative Actual Amounts for Year Ended December 31, 1984 1985 -------------------------------------------- Variance Favorable 1984 Budget Actual (Unfavorable) Actual evenues: ---- - - - - -- ---- - - - - -- ---- - - - - -- --- - - - - -- Revenue from other agencies: Federal Revenue Snaring Revenue from use of money and property Interest earnings - investment $113,170 $110,091 ($3,079) $112, 599 Trust Fund 18,60 38,667 20,047 Total Revenue ---- - - - - -- $131,790 ---- - - - - -- ---- - - - - -- $148,758 ---- - - - - -- ---- - - - - -- $16,968 ---- - - - - -- Expenditures: Capital Outlay: Public Safety Street and Engineering Library General Government Parks Other: Public Safety Street and Engineering General Government Library 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 51,406 $164,005 $122,595 $164,667 ($42,092) $2,099 46,290 45j465 825 12,447 12,900 1,981 10,919 15,893 13,615 392 13,223 1,474 39,200 18,883 20,317 8,999 - 2,121 (2,121) - - 4,492 (4,492) - - 900 (900) 14 - ---- - - - - -- 2,405 ---- - - - - -- (2,405) ---- - - - - -- - --- - - - - -- $234, 600 ---- - - - - -- $241,326 ---- - - - - -- ($6,726) ---- - - - - -- $40,926 --- - - - - -- - ---- - - - - -- 58,500 ---- - - - - -- (58,500) ---- - - - - -- - --- - - - - -- $234,600 $299,826 ($65,226) $40, 926 ---- - - - - -- ---- - - - - -- ---- - - - - -- -- - - - - -- ($102,00) ($151,068) ($0,25S) $123,079 437,608 437,608 - 314,528 ---- - - - - -- ---- - - - - -- ---- - - - - -- --- - - - - -- $334, 798 $2a6,540 ($48,258) $437, 607 ---- - - - - -- ---- - - - - -- ---- - - - - -- --- - - - - -- ---------- ---- - - - - -- ---- - - - - -- --- - - - - -- -45- Farm C -3 ' PARK DEDICATION FEES STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE ' Year Ended December 31, 1985 With Comparative Amounts for Year Ended December 31, 1984 --------- - - - - -- -1985 Variance Favorable 1984 ' Budget Actual (Unfavorable) Actual Revenues: ---- - - - - -- --- - - - - -- ------ - - - - -- --- - - - - -- Revenue from use of money and .property ' Interest earnings - Investment Trust Fund $ - - $ - - - - -- $ - ------ - - - - -- $10,511 --- - - - - -- ---- - - - - -- ExpenCitures: --- Transfel-to General Fund $25,529 ---- - - - - -- $25,529 --- - -- - -- $ - ------ - - - - -- $56,757 --- - - - - -- Excess of Revenue over (unwer-) Expenditures ($25,529) ($25,529) $ - ($46,246) Fund balance at beginning of year 25,529 25,529 - 71,775 Fund balance at end of year $ - ---- - - - - -- ---------- $ - --- - - - - -- --- - - - - -- $ - ------ - - - - -- ------ - - - - -- $25,529 --- - - - - -- --- - - - - -- ' -46- Farm C -4 I RECREATION AND COMMUNITY SERVICES FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1985 With Comparative Actual Amounts for Year Ended December 31, 1984 1985 Revenues: Revenue from other agencies: Independent Sch ool District #13 Fees Total Revenues Other Financing Sources: Transfers from other funds Total Revenues and Other Sources Budget Actual $99,360 $99,360 --- 123,075- - 121,262 $222,435 $220,622 Variance Favorable 1984 (Unfavorable) Actual $ - $94,800 - - - -- 0 71, 104 1,813) - - ($1,613) $165,904 99,360 99,360 - 94, 800 $321,795 $319,962 ($1,813) $260,704 ----- - - - - -- --- - - - - -- ------- - - - - -- --- - - - - -- Expenditures: Personal services $147,635 $148,942 ($1,307) $167,68 Other services and charges 23,450 26,769 (3,319) 24,521 ;supplies 11,570 3,431 8,139 5,008 Capital Outlay - 3,184 (3,184) 7,802 Other expenses: Early Childhood Education 25,965 18,137 7,828 - Special Projects 12,050 13,452 (1,402) - Beach program 6,950 8,708 (1,758) 7,740 Traveling teams 14,825 12,582 2,243 11,755 Adult Athletics 14,435 11,142 3,293 9,969 Trips & Outings 14,250 19,546 (5,296) 19,035 Senior Citizens 1,400 1,015 385 - Pre School 9,530 S,169 1,361 - Adaptive Programs 1,080 1,713 (633) - After School Programs 4,000 5,574 (1,574) - Youth Athletics 20,315 16,826 3,489 - Neighborhood Centers 5,850 5,076 774 - Adu1t Education 15,000 14,355 645 - Continuing Education 4,840 3,453 1,307 - Fine Arts 650 241 409 - Playground - - - 1,802 Athletic Supplies - - - 405 Community Affairs - - - 9,367 Total Expenditures $333,795 $322,315 - - - -- ------- $11,480 - - - - -- $264,672 --- - - - - -- Excess of Revenues and Other ----- - - - - -- ($12,000) --- - ($2,333) $9,667 ($3,968) over (under) Expenditures Fund balance at beginning of year 45,563 ----- - - - - -- 45,563 --- - - - - -- ------- - - - - - -- 49,531 --- - - - - -- Fund balance at end of year $33,563 $43,230 $9,667 $45,563 - -- -47- J Fil E" I, u' Form C -5 PARATRANSIT FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1985 With Comparative Actual Amounts for Year Ended December 31, 1984 -48- 1985 -- -------------- --------- - - - - Variance Favorable 1984 Budget Actual (Unfavorable) Actual Revenues: --- -- -- -- --- - - - - -- ---- --------- --- - - - - -- Revenue from other agencies State grant $16,525 $16,474 ($51) $6,437 Paratransit fares 6,000 6,095 $95 4,890 Total Revenues $22,525 $22,569 $44 $11,327 Other financing Sources: Transfer from General Fund 10,000 - - - - -- 1,626 --- - - - - -- (6,372) -- ----- - - - - -- 7,552 --- - - - - -- Total Revenues and --- Other Sources $3a,525 --- - - - - -- $24,197 --- - - - - -- ($8, 328) ------- - - - - -- $18,S79 --- - - - - =- Expenditures: Personal services $3,675 $ - 13,675 $2,106 Other services and charges 28,850 16,757 -- $12,093 ------- - - - - -- .16,773 --- - - - --- Total Expenditures --- - - - - -- $32,525 --- - - - - $16,757 -- - -$15, 768- $18,879 Other Uses! Transfers to other funds - 7,440 (7,44p) - Total Expenditures and Other Uses $32,525 $24,197 $8,328 $18,879 Excess of Revenues and Other Sources over (under) Expenditures $ - $ - $ - $ - Fund balance at beginning of year - - - - Fund balance at end of year $ - $ - $ - $ - -48- Farm C -6 MUNICIPAL STATE -AID STREET FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1985 With Comparative Actual Amounts for Year Ended December 31, 1984 1985 ---------------------------------- Variance Favorable 1984 Budget Actual (Unfavorable) Actual Steven +.ies: --- - - - - -- --- - - - - -- ------- - - - - -- - - - - - -- State of Minnesota: Gasoline tax apportionment - maintenance construction Total Revenue Expenditures: Maintenance costs Construction Other Uses: w-1:1n fern to Ct`er 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 $17,280 $17,280 $ 240,000 - ---- - ---- $257, 280 --- - - - - -- --- - - - - -- -- $17,260 --- - - - - -- -- $ - $9,837 - 2,931 26S,375 - $268,375 $12,768 $17,280 (240,000) 32, 852 -- -- - - - - -- --- - - - - -- ($240,000) $50,132 ---- - - - - -- --- - - - - -- ($9, 837) $3,295 (2,931) - 268,375 32,852 $255,607 $36,147 (11, 095) $4,512 $15j607 $13,985 59,202 59,202 - 45,217 $48,107 --- - - - - -- --------- $631714 --- - - - - -- ------- --- - - - - -- ------- $15,6.07 - - - - -- - - - - -- $59,202 --- - - - - -- --- - - - - -- -49- Form C -7 CABLE TELEVISION FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE Year Ended December 31, 1985 With Comparative Amounts for Year Ended December 31, 1985 1985 --------------------------------- Variance Favorable 1984 Budget Actual (Unfavorable) Actual R--- - - - - -- --- - - - - -- ------- - - - - -- --- - - - - -- evenQe_ . 19,683 --- - - - - -- $3,640- Revenue from other agencies: - - - - -- i Franchise fees- $46,600 $45,840 Revenue from use of money and property 114 40 Interest earnings - Investment - $21,364 ------- - - - - -- Trust Fund 4,500 8,900 Total Revenue - $51,100- -$54,740 - Expenditures: Personal services $14,790 $ - Other services and charges 13,190 9,091 -Supplies 650 536 Capital Outlay 13,800 11,439 Total Expenditures $42,430 --- - - - - -- $21,066 --- - - - - -- Other Uses: `Transfers to Other Funds Total Expenditures and Other Uses Excess of Revenue over (under) Expenditures Fund balance at beginning of year Fund balance at end of year ($760) $45,563 4,400 ------- - - - - -- 19,683 --- - - - - -- $3,640- $65,246 - - - - -- i $14,790 $20,748 4,099 3,968 114 40 2,361 - $21,364 ------- - - - - -- $24,756 --- - - - - -- - 1 14,788 $42,430 $35,S54 --- - - - - -- --- - - - - -- - (14,788) - $6,576 $24,756 -- - - - - -- --- - - - - -- $8,670 $18,886 $10,216 $40j490 88, 676 881676 - 48,06 --- - - - - -- --- - - - - -- ------- - - - - -- --- - - - - -- $97, 346 $107,562 $10,216 $88, 676 _50- HE CITX OF COLUMBIA HEIGHTS, MINNESOTA NNUA TINABCIAL KEP RT EAR kNI)ED llECEMBER 11 1935 DEBT SERVICE FLINDS 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 Combining Balance Sheet Combining Statement of Revenues, Expenditures and Changes in Fund Balances Page Form D 51 -52 Form D -1 53-54 DEBT SERVICE FUNDS COMBINING BALANCE SHEET December 31, 1985 With Comparative Totals for December 31, 1984 ASSETS Cash: Treasurer's balance Investments, at cost Taxes receivable- unremitted Taxes receivable- Celinquent Less: Allowance for uncollectable taxes Due from Other Governmental Units Total Assets FUND BALANCE Fund balance- reserved for debt service -- Form D -1 Capital Storm Sewer City Garage Improvements Bows of Bonds of Bonds of 1965 197E 197E --- - - - - -- --- - - - - -- --- - - - - -- - -- - - -- - - - - -- - - - -- - - -- - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --------- --- - - - - -- --- - - - - -- -5t- 1 Form D i i Totals i Tax Increment Bands of Tax Lncrement Bands of (Memorandum - Only) 1580 1984 1985 1984 ----- - - - - -- --- - - - - -- ----- - - - - -- ---- - - - - -- 2,041,805 - 2-2,041,805 592,393 13,453 _ 1. , 45a 6,731 ' 847949 64,949 1,761 (- 84-,- 94 -9 -) - ( -84, -949 -) ( -1 -, 761 -)- 1 - - - -13, 32 19 13,319 - - - -- - 7- $2,068,577 $ - $2,068,577 $599,124 1 1 $2,068,577 $ - $2,068,577 599,124 1 1 -52- DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31, 1985 With Comparative Totals for Year Ended December 31, 1984 Storm Sewer Bonds of 1965 Revenues: General property taxes: Collected by county Current ad valorem $ - Delinquent ad valorem - Penaities & interest - Revenue from ether sources: Property tax relief (Homestead) - Sale of land - Interest earnings: investment Trust Fund - Other interest - Total Revenues $ - Other Financing Sources: Transfers from: Downtown Development - Tax Increment Bends of 1980 - Total Revenues and Other Sources $ - Expenditures: City Garage Bonds 1972 Bonds matured $ - $ - Interest on bonds - - Fiscal agent charges - - ---- - - - - -- - - - - -- Total Expenditures $ - $ - Other Uses: Transfers to Other Funds 70,843 10,763 ---- - - - - -- --- - - - - -- Total Expenditures and Other Uses $70,S43 $10,763 Excess of Revenues and Other Sources over (under) Expenditures ($70,S43) ($10,763) Fund balance at beginning of year 70,843 10,763 Fund balance at end of year $ - $ - -53- t Farm D -1 Capital Totals Improvement Tax Increment Tax Increment (Memorandum Only) ' Bonds of Bonds of Bonds of - 13'6 --- - - - - -- 1 1980 ----- - - - - -- 1984 --- - - - - -- 1985 ------- - - - - -- 1984 ----- - - - - -- $884,758 $ $884,758 $524,483 172,241 _ 172,241 2,140 - 1 - 1 256 ' 87,738 _ 67,708 51,315 - 23,320 23,320, 10,649 ' 35,190 - 35,190 6,853 = 82 82 --- - - - - -- ' $ - - ---- - - - - -- $1,203,248 --- - - - - -- $82 ------- - - - - -- $1,203,330 ----- - - - - -- $595,696 t- 1,` 183, 497 - 1, 183, 497 1,162,561 - - 107,514 107,514 --$2,494,341- - - --- - - - - -- 2, 386, 745 $2,386,745- ----- - - - - -- $107,596- 107, 596 --- - - - - -- 2, 494, 341 --- --------- $1,758,257 ----- - - - - -- ' $ $ - $ - $ - t600,000 _ 671, 350 114,044 785,394 706,940 - 513 405 918 797 --- -- - --- - ------ - - --- --$671,863 --- - - - - -- $1141449 ---------;---.----------- $786,31-2 $1,307,737 '49,456 --- - - - - -- 107,514 ----= - - - - -- - --- - - - - -- 236,576 ------- - - - - -- - ----- - - - - -- '$49,456 $779,377 $114,449 $1,024,688 $1, 307,737 '($49,456) $1,607,368 ($6,853) $1,469,453 $450,520 49,456 461,209 6,853 599,124 148,604 $ - -- $2,068,577 $ - - -$2, 068, 577- $599,124 -54- 0 HE CITX OF COLUM IA HEIGHTS, MINNESOTA NN r1NABCIAL KEPQRT EAR iNDED ECEMBER S1, 1985 CAPITAL PROJECT FUNDS Capital Project Funds are maintained to account for the construction of major capital facilities. Project appli- cations are a combination of several revenue sources, such as municipal state -aid streets, special assessments, sewer utility fund, other governmental units, State and Federal Grants, etc. TABLE OF CONTENTS Combining Balance Sheet Combining Statement of Revenues, Expenditures and Changes in Fund Balances Page Form E 55 -56 Form E -1 57 -58 CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET December 31, 1985 With Comparative Totals for December 31, 1964 Capital Murzyn Hall Improvement Renovation Fund 308 Fund 309 ASSETS ---- - - - - -- --- - - - - -- Cash: Treasurer's balance $174,130 $668,007 Investments at cost - - Accounts receivable - - Accrued interest - - Due from ether novernment units - ---- - - - - -- - --- - - - - -- Total Assets $174,130 $668,007 LIABILITIES AND FUND BALANCE ------------------------------ Liabilities: Accounts payable $3,000 $213,909 Contracts payable- retained % - 82,160 Due to other government units - - Accrued salaries payable 651 ---- - - - - -- - --- - - - - -- Total Liabilities $3,851 ---- - - - - -- $236,069 --- - - - - -- Fund balance: Reserved $ - $431,938 Unreserved Designated for subsequent year's expenditures - - Undesionated 170,279 - Total Fund Balance - $170,279 ---- - - - - -- $431,938 --- - - - - -- Total Liabilities and Fund Balance $174,130 $668,007 -55- i Form E Totals Sullivan Downtown Land Downtown Columbia Pk (Memorandum Only) Lake AcgUiSition Univ.Ave.Proj. Clinic ------------------------ Fund 607 Fund 312 Fund 313 Fund 314 1985 1984 --- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- ------------------ - - - - -- $16.910 $256 - 55,579 $18,910 $55,835 $ - $55,835 18.910 - s18, 910 $55,835 --- - - - - -- ----- - - - - -- $18, 910 $55,835 $ - $861,303 ($126,669) 1, 610, 834 1,666,413 1,091,347 - 1,-76 110,753 ----- - - - - -- ----- - - - - -- ----- - - - - -- $1,610,834 $2,527,716 $1,076,707 166,300 $ 166, 300 $216,909 $2,110 22,160 5,061 166,300 42,842 851 38 $406,220 $50,051 ----- - - - - -- ----- - - - - -- $ - $ - $487,773 $ - - - 18,910 1,444,5374 1,614,613 1,026,656 $ - $1,444,534 $2,121,496 $1,026,656 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- $ - - - - - -- $1,610,834 $2,527,716 $1,076,707 -56- --- - - - - -- ----- - - - - -- $ - $55,835 18.910 - s18, 910 $55,835 --- - - - - -- ----- - - - - -- $18, 910 $55,835 $ - $861,303 ($126,669) 1, 610, 834 1,666,413 1,091,347 - 1,-76 110,753 ----- - - - - -- ----- - - - - -- ----- - - - - -- $1,610,834 $2,527,716 $1,076,707 166,300 $ 166, 300 $216,909 $2,110 22,160 5,061 166,300 42,842 851 38 $406,220 $50,051 ----- - - - - -- ----- - - - - -- $ - $ - $487,773 $ - - - 18,910 1,444,5374 1,614,613 1,026,656 $ - $1,444,534 $2,121,496 $1,026,656 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- $ - - - - - -- $1,610,834 $2,527,716 $1,076,707 -56- CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Year Ended December 31, 1985 With Comparative Totals for Year Ended December 31, 1984 Capital Murzyn Improvement Hall Renov. Fund 308 Fund 309 ----- - - - - -- ----- - - - - -- Revenues: Interest earnings - Investment Trust Fund $. - $ - Other Financing Sources: Transfers from other funds 131,061 758,500 Other Reimbursements 264,781 - Proceeds from sale of bands - - Total Revenues and Other Sources ----- - - - - -- $395,842 ----- - - - - -- ----- - - - - -- $758,500 ----- - - - - -- Expenditures: Construction contracts $30,808 $312,693 Other project expenditures 74,696 50 Bond issue expense - - Total Expenditures ----- - - - - -- $105,504 ----- - - - - -- $312,743 Other Financial Uses: Transfers to ether funds - - Total Expenditures and Other Uses ----- - - - - -- $105,504 ----- - - - - -- $312,743 Excess of Revenues and Other Sources $290,338 $445,757 over (under) Expenditures and Other Uses Fund balance at beginning of year, (1201059) (13,819) Fund balance at end of year $1701279 $431,938 -57- 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Sullivan Downtown Downtown Columbia A. Lake Land Acq. Univ. Ave. Proj. Clinic Fund 807 Fund 312 Fund 313 Fund 314 --- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- $ - $941946 $11,706 $32,178 Form E -1 Totals (Memorandum Only) 1985 1984 ------------------------- $13a,830 $0,464 - - - - 8891561 2,392 - - - - 264,781 - - - - 2,121,611 2,121,01 1,P70,000 $ - --- - - - - -- $94,946 ----- - - - - -- $11,706 ----- - - - - -- $2,153,7S9 ----- - - - - -- $3,414,03 ----- - - - - -- $1,140,056 ----- - - - - -- $ - $9,555 ($610) $669,271 $1,021,717 $603,749 - - - - 74,746 01545 - - - 39,984 391984 22,319 $ - $9,555 ($610) $709,255 $1,136,447 $636,03 - 11 057. a91 605 - 11 IS3, 496 - - -- - -- - - - - 1,162,561 ----------- --------- $ _ - --------- - - $11067,446 -- -125. - $124,995 ----------- 1709, 255 Q1319,943 $1,799,174 $ - ($972,500) ($113,209) $1,444,534 $1,094j840 ( X658, 318 ) 18,910 1,02S,335 113,289 ----- - - - - -- $ - ----- - - - - -- 1, 026, 656 ----- - - - - -- 1,684,974 ----- - - - - -- --- - - - - -- $18, 910 ----- - - - - -- $55,S35 $ - $1,444,534 $2,121,496 $1, 026, 656 -58- HE CITX OF COLUM NP A.HEIGHTS� MINNESOTA NNUAJ� TINANCIAL ART EAR LNDED DECEMBER 311 1985 SPECIAL ASSESSMENT FUNDS The Permanent Improvement Revolving Fund is used to advance to local improvement funds the cost of improvements for which assessments are to be levied. Special Assessment Bonds are established according to Chapter 8 of the home rule charter and Minnesota Statutes, Chapter 429. They are used to record the proceeds of bonds used to construct public improvements which, in turn, are fully or partially assessed against individual benefited properties. TABLE OF CONTENTS Page Combining Balance Sheet Form F 59 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Form F -1 60 Combining Statement of Changes in Fund Balance Form F -2 61 SPECIAL ASSESSMENT FUNDS COMBINING BALANCE SHEET December 31, 1965 With Comparative Totals for December 31, 1984 Permanent Permanent Improvement Improvement Revolving Revolving Fund Pend Pund Form F Totals (Memorandum Only --------------- - 1985 1984 ----------------- - - - - -- ASSETS Cash Treasurer's balance $537,501 $24,886 $562,387 $ - Investments, at cost 1,522,S96 - 1,522,S96 2,116,215 Accounts receivable - - - - Speciai assessments receivable Unremitted 3,769 - 3,769 3,553 Delinquent 135,031 - 135,031 1549154 Deferred 640,691 - 640,691 857,906 Allowance for delinquent assessments (135,031) - (135,031) (1545154) Due from State Aid Fund - - - - - - -- - ----- - - - - -- 34,972 ----- - - - - -- 7 t a 1 Assets ----- - - - - -- $2,704,857 ------ $24, 886 $2,729,743 $3,012,646 LIABILITIES AND FUND BALANCE ----------7------------------- Liabilities Accounts payable $ - $ - $ - $ - Accrued payroll 11720 - 1,720 - Contracts payable - - - Deposits S,511 - 8151f 8,511 Bonds payable - 2, 460, 000 2,460,000 2, 600, 000 Deferred revenue 640,691 - - - - - -- 640,691 ----- - - - - -- 857,906 ----- - - - - -- Total liabilities ----- - - - - -- $650,922 ----- - - - - -- ------ $2, 460. 000 ------ - - - - -- $3,10,922 ----- - - - - -- $3,46S,417 ----- - - - - -- Fund Balance (deficit) Unreserved - Undesignated $2,053,935 ($2,435,114) ($381,179) ($453,771) Total liabilities and fund balance $2,704,657 $24, 886 $2,729,743 $3,012,646 -59- 1 Form F -1 ' SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ' Year Ended December 31, 1985 With Comparative Totals for i 1 Year, Ended December 31, 1984 ' Permanent Permanent Totals Improvement Improvement (Memorandum Only) Revolving Revolving ------------------ ' ----- Fund - - - - -- Band Fund ----- - - - - -- 1965 ------------------------ 1984 Revenues: Special assessments $361,248 $ - $361,248 $539,035 Interest earnings 186,080 25,601 213,681 286,461 Administration charges on projects 6,287 - 6,287 22,841 Miscellaneous 22, 901 - 901- 5,435 Total Revenues $578,516 $25,601 - - - -22, $604,117 $853,772 Other Financing Sources: Transfers from: Permanent Improverent ' Revolving Fend 438,978 .438,978 152,275 State Aid Fund ----- _ - - - - -- ----- - - - - -- ----- - - - - -- 32,852 ----- - - - - -- Total Revenues and ' Other Sources $578,516 $464,579 $1,043,095 $1,038,899 Expenditures: ' Capital pr- ect expenditures: Corlstruct t� �n rcont tact s $ - $ - $ - $83,745 Other project costs 47,321 - 47,321 90,344 Administration casts 822 - 822 69,213 ' Interest on b� ends - 352. 692 352.692 170,850 Fiscal agent charges, - 699 699 1,173 Bond issue costs 73,553 - 73,553 13,518 - - -. -- -- - - -- ----- Total Expenditures - - - - -- $121,696 ----------- $353,391 ----------- $475,087 $428,843 Other Financing Uses: Transfer t� � General Fund 56,438 - 56,438 - Transfer to Permanent Improv- ' ement Revolving Bond Fund 438,978 438,978 152,275 Total Expenditures and ether - -$3 ' Uses -- $617, 112 $617,112- $353, 391 -- -3911 $970, 503 -- $970,503- $581, 118 -- $581,1 --- Excess of Revenues and Other Sources over (under) Expend- itures and other Uses ($38,596) $111,188 $72,592 $457,781 � ----- 1111 -- ' -60- SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT Or CHANGES IN FUND BALANCE Year Ended December 31, 1585 With Comparative Totals for December 31, 1584 Fund balance at beginning of year as originally reported Excess of Revenues and other sources over (under) Expenditures and other uses Fund Balance at end of year Farm F -2 Permanent Permanent Totals Improvement Improvement (Memorandum Only) Revolving Revolving ---------------- Fund Bond Fund 1985 1984 ----- - - - - -- ------ - - - - -- ---- - - - - -- ----- - - - - -- $2,092,531 ($2,546,302) ($453,771) ($911,552) (38, 598) ----- - - - - -- 111,168 ------ - - - - -- 72,592 ---- - - - - -- 457,70 ----- - - - - -- $2,053,935 ($2,4351114) ($381,179) ($453,771) -61- HE CITX OF COLUM IA HEIGHTS, MINNESOTA NNUA rINABCIAL KEP RT EAR kNDED ECEMBER 51, 1985 EXTERPRISE FUXDS The Authority for these types of funds is derived from Section 69 (b) of the City Charter which allows for utility or other public service enterprise funds. Enterprise fund operations are financed solely by user charges. TABLE OF CONTENTS Page Combining Balance Sheet Form G 62-65 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings Form G -1 66 -67 Combining Statement of Changes in Financial Position Form G -2 68 -69 Municipal Liquor Fund: Balance Sheet Form H 70 -71 Statement of Revenues, Expenses and Changes in Retained Earnings Form H -1 72 Statement of Changes in Financial Position Form H -2 73 Schedule of Revenues - Off Sale Form H -3 74 -75 Schedule of Operating Expenses Form H -4 .76 -77 Schedule of Property, Equipment and Accumulated Depreciation Form H -5. 78 -79 Water Utility Fund: 80 Balance Sheet Form 1 8T Statement of Changes in Fund Equity Form 1-1 82 Statement of Revenues and Expenses Form 1 -2 83 Statement of Changes in Financial Position Form 1 -3 Schedule of Property, Equipment and Accumulated 84'85 Depreciation Form I -4 Sewer Utility Fund: 86 Balance Sheet Form J Statement of Changes in Fund Equity Form J -1 87 Statement of Revenues and Expenses Form J -2 88 Statement of Changes in Financial Position Form J -3 89 Schedule of Property, Equipment and Accumulated Depreciation Form J -4 90-91 Refuse Utility Fund: Balance Sheet Form K 92 Statement of Revenues and Expenses Form K -1 93 Statement of Changes in Financial Position Form K -2 94 ENTERPRISE FUNDS - COMBINING BALANCE SHEET December 31, 1985 With Comparative Totals for December 31, 1984 Enterprise ------------------------------------ Water Sewer Liquor Utility Unity Fund Fund Fund ----- - - - - -- ----- - - - - -- ------ - - - - -- ASSETS Current Assets: Cash Investments, at cost Receivables (net of allowances for uncollectables): Accounts receivable Unbilled accounts receivable Special assessments receivable Due from other governmental unit inventories, at cast Total Current Assets Deferred Receivables: Accounts receivable Contracts receivable Total Deterred Receivables Property and Equipment: Land Buildings Improvements other than buildings Office furniture and equipment Machinery aid equipment Total Less: Accumulated depreciation Net Property and Equipment Total Assets $6,500 $ $ - $ $ - 1,005,124 4 491,628 1 1,296,584 574 4 41,824 4 42,027 - 1 128,682 12'x, 537 -62- Farm G Totals --------------------------------- Refuse (Memorandum Only) Utility Fund 1385 1984 --- - - - - -- ----- - - - - -- ----- - - - - -- X84, Lb 5) ($77,765) $8,000 2,793,336 2,870,881 20,576 105,001 '34,948 82,873 341,292 275,610 - - 3,441 863 86,016 82, 147 - 405,889 400, 776 --- - - - - -- ----- - - - - -- ----- - - - - -- $23, 053 $3,653,769 $3,735,805 --------- - -- - - - -- - -- ----------- 23,819 25,910 247, 628 C 5 5 13 271.447 285.429 88,934 $86.934 - 3191782 82 319, 782 - 4,60-3,933 4,601,882' - 23,404 23,405 - 467,571 465.188 --- - - - - -- ----- - - - - -- ----- - - - - -- S - $5, 7k3, 684 $5, 499, 191 21 548, 730 2,406,812 $ - $3,154,894 $3,092,379 $23,053 $7,080,110 $7,113,613 --- - - - - -- ----- - - - - -- ---- - - - - -- --------- ----- - - - - -- ---- - - - - -- -63- ENTERPRISE FUNDS - COMBINING BALANCE SHEET (CONTINUED) December 31, 1985 Fund Ecuity: Contributions $ - $1,040,866 $979,617 RatAined earnings 1,493,793 19017,619 2,256,918 ----- - - - - -- ----- - - - - -- ----- - - - - -- Total Fund Equity $1,493,793 $2,05S,05 $3,236,535 ----- - - - - -- ----- - - - - -- ----- - - - - -- Total Liabilities and Fund Equity $1,676,363 $2, 128, 066 $31252,628 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----------- ----- - - - - -- ----- - - - - -- Si 1C ----------------------------------- Enterprise Water Sewer Liquor Utility Utilty Fund ----- - - - - -- Fund ----- - - - - -- Fund ----- - - - - -- LIABILITIES AND FUND EQUITY ----------------------------- Current Liabilities: Accounts payable $1231595 $48,572 $4,530 Accrued Salaries Payable 14,547 1S,802 11,563 Accrued FICA /PERA Payable 573 1,062 - Due to ether governmental uni 43,855 1,145 - Total Current Liabilities ----- - - - - -- $1821570 ----- - - - - -- $69,581 ----- - - - - -- $16,093 Fund Ecuity: Contributions $ - $1,040,866 $979,617 RatAined earnings 1,493,793 19017,619 2,256,918 ----- - - - - -- ----- - - - - -- ----- - - - - -- Total Fund Equity $1,493,793 $2,05S,05 $3,236,535 ----- - - - - -- ----- - - - - -- ----- - - - - -- Total Liabilities and Fund Equity $1,676,363 $2, 128, 066 $31252,628 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----------- ----- - - - - -- ----- - - - - -- Si 1C ` Form G Totais ---------------- ------------------------ Refuse (Memorandum Only) Utility ^ Fund 1985 1984 _________ ___________ ___________ $421 $177,118 $324,315 - $44,912 70,438 - ` $1,635 - - --------- $45,000 ----------- - ----------- $421 $268,665 ~ $394,753 ' --------- $ - ----------- ` $2,0201,483 ----------- $2,085,712 22,632 --------- $4,790,962 ----------- 4,633,148 ----------- $22,632 '~ --------- $6'811,445 ----------- ' $6,718,860 ----------- $23'053 $7,080,110 , $7,113,6/3 -65- H ENTERPRISE FUNDS - COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS Year Ended December 31, 1585 With Comparative Totals for Year Ended December 31, 1584 Liquor OPERATING REVENUES: ----- - - - - -- Sales 1 $21931,417 Cast of sales 2,4481034 Gross Profit $483,383 OPERATING EXPENSES: Personal services Other services and charges Supplies Source of supply /disposal charges Total OPERATING INCOME BEFORE DEPRECIATION DEPRECIATION OPERATING INCOME (LOSS) NON - nPEFATING REVENUES (EXPENSES) Interest income Interest expense Other income (expense) - net Total income before transfers Transfers to other funds Net Income TRANSFER DEPRECIATION ON CONTRIBUTED ASSETS Income Transferred to Retained Earnings RETAINED EARNINGS BEGINNING OF YEAR RETAINED EARNINGS, END OF YEAR -66- $200,405 161,842 7,866 $370,113 $113,270 26,377 $86,S93 $129,639 (2,003) $127,636 214,529 482,727 (268, 198) ($268,198) $1,761,991 $1,493,793 ' Form G -1 ' -67- a ' Totals (Memorandum Only) water --- - - - - -- - -- Sewer - - -- Refuse --- - - - - -- --------------- - 1586 - - -- -- -_- 1984 - - -_ /) 3� $713,769 $758,266 $466,567 $4,870,019 $3,102,852 - - - 2, 448, 034 1,168,886 1 ----- - - - - -- ------ - - - - -- --- - - - - -- ----- - - - - -- ----- - - - - -- $71,3, 765 $758, 866 $466, 567 - - - - -- $2,421,985 ----- - - - - -- $1,933,966 ----- - - - - -- ' ----- - - - - -- ------ - - - - -- --- $ 130, 603 $81,944 $2,126 $415,078 $413,521 60,_195 74,348 16,428 318,813 139,417- 21,677 189-205 629 48,377 56,501 ' 491, 861 302,326 404,535 - - - -- 1,198,722 ----- - - - - -- 936,711 - - - - -- ----- - - - - -- $704, 336 ------ - - - - -- $47E,82-1 --- - $423,718 $1,974,990 ----- $1,548,150 ----- - - - - -- ------ - - - - -- --- - - - - -- ----- - - - - -- ----- - - - - -- $31, 975 $281,443 $42.849 $469,537 $386. 816 ' 51,245 .- ------ 66,078 ------ - --- -- - --- - - - - -- $145,700 ----- - - - - -- ---103,711- --- •- ($19, 270) $213,365 $42,849 $323, 837 $282,105 ' $42, 562 $120, 559 $2,072 $294,832 $382, 200 1 , 886 = '9, 662 044- $34, 588 • 171- ----- $44.447 $150,221 -5, $7,116. - - - - -- $32'9,420 ----- - - - - -= ----13,171 - - -13, $395,371 ----- - - - - -- ' ----- - - - - -- 25, 177 ------ - - - - -- 363, 686 --- 49, 966 $653, 2256 677,476 25, 618 25,094 ;27,333 $560,672 32,748 ' ( 341) 338, 4'32 82, 632 x'32, 585 644, 728 c6. 294 38,935 $65,229 ----------- 65,229 ----------- ----------- X26, 963 -- - - -- - - - -- - $377,427 --------- $22,632 -$ 157, 814 $709,957 $991,666 $ 1,879,491 $ - $4,63,37148 $3,923,191 '$1,017,619 $ 2,256,918 $22,632 $4,790,962 $4,633,148 ' -67- a ENTERPRISE FUNDS - COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION Year Ended December 31, 1985 With Comparative Totals for Year Ended December 31, 1984 SOURCES OF WORKING CAPITAL: Operations: Net Income Items not requiring (providing) working capital Depreciation Working Capital Provided by Operations, 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 INCREASE IN WORKING CAPITAL ELEMENTS OF NET INCREASE IN WORKING CAPITAL Cash Investments Acc=ents receivable Inventory Accounts payable Due to rather funds Due from /to other government units Accrued liabilities Net Increase (Decrease) in Working Capital -68- Liquor ($268,198) 25,095 ($243,103) (�543,103> X11, 383 ($c54,486) ($1,500) (384,599) (14) 5,114 149,000 (22,487) ($c54,486) i i Water Sewer Refuse ($341) $338.492 $22,632 48,745 68,078 11,891 $48, 404 $406,570 $22,632 - 11,891 - - 2, 091 - $48,404 ------ - - - - -- $420,552 ------ - - - - -- $22,632 ------ - - - - -- ----$54, 550- $138,497 $ I ($6.149) $282,055 $ 22,632 - $ - ($84,265) 27,851 279, 203 (27,436) (3,705) 103, 449 (1) (4,754) 3,372 ( 421) (78) - - - 3,869 t 1, 729 ) 3,185 ($6,149) $282,055 $ 22.632 -69- Form G -2 Totals (Memorandum Only) 1985 ------ - - - - -- 1984 ------ - - - - -- $ 92,585 $644,728 141,918 -- -- 103,711 - -- -- - $ 234,503 $748,439 11,891 11,434 2,091 1,863 - -$ -2:48, 485- -- $761,736 $ 204, 433 $242,246 $ 44, 052 ($85,765) (77, 545 ) (31, 157) 5,113 147,618 (78) 0 (21. 031) $ 44, 052 $519,490 $2,843 721,031 (203,705) 250,676 (2:2 3, 011) (28, 344) $519,490 Farm H MUNICIPAL LIQUOR FUND COMPARATIVE BALANCE SHEET December 319 1585 and 1984 1985 1984 - - - -- -------- - - - - -- ASSETS --- - - - - -- Current Assets: Cash: Treasurer's balance $ - $ - Imerest cash and change funds -------- 6,500 - - - - -- .89000 -------------- Total Cash $6,500 $8,000 Investments, at cast 1,005,124 1, 389,723 Accounts receivable 574 568 Merchandise inventory, at cast -------- 402,851 - - - - -- 357,737 -------- - - - - -- Total Current Assets -------- $11415,049 - - - - -- $1,796,048 -------- - - - - -- Property and Equipment: Lard $7, 1� $7, 125 Buildings S01613 80,613 Improvements other than buildings 95,155 86,846 Office furniture and equipment 231404 .20,405 Store equipment -------- 148,486 - - - - -- 149,415 -------- - - - - -- Total $358,7a7 $3471404 Less: Accumulated depreciation -------- 97,473 - - - - -- 72,078 -------- - - - - -- Net Property and Equipment -- Farm H -5 $261,314 $275,026 Total Assets $11676,363 $29071,074 LIABILITIES AND RETAINED EARNINGS -------------------------------- Current Liabilities: Accounts payable $123, 555 $272, 555 Accrued salaries payable 14.X47 14,056 Accrued social security /P. E. R. A. payable 573 563 Due t•�'��ther governmental units GG 5 5 40,CrJJ 21,a29 -------- - - - - -- 1-------- - - - - -- Total Current Liabilities -------- $1821570 - - - - -- $309,083 -------- - - - - -- Retained Earnings -- Unreserved Form H -1 -------- $1,493,793 - - - - -- $11761,951 -------- - - - - -- Total Liabilities and Retained Earnings $1,676,363 $,071,074 -70- MUNICIPAL LIQUOR FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS COMBINED ON -SALE AND OFF -SALE Years Ended December 31, 1985 and 1984 Totals All Stores --------------- 1985 -- 1984 Sales -------- - - - - -- -------- $2,931,417 - - - - -- $1,434,090 Co Est of Sales: -------- - - - - -- -------- - - - - -- Inventory, Beginning $397,737 $147,813 Purchases 2,4531148 17418700 Total Merchandise Available for Sale -------- - - - - -- -------- $2,850,W - - - - -- $1,566,623 Less: Inventory, Ending 402,851 -------- - - - - -- -------- 397,737 - - - - -- Cost of Ales $2,448,034 $1,1687886 Gross Profit on Sales -------- - - - - -- -------- $483. 383 - - - - -- $263,204 Percentage of Gross Profit to Sales 16.49% 18.49% Less: Operating Expense -- Form H -4 $3701113 -------- - - - -------- $222,854 C';.eratirg inccme before Depreciation - -- $113,270 - - - - -- $42,350 Less: Depreciation -- From H -5 2E,377 5,289 Operating Income $86,893 $379061 Nonoperating Revenues (Expenses): Interest earnings - Trust Fund $129,639 $221,084 Machine commissions 1,560 1,205 Other income 1,499 761 Cash short (2, 680) (3,639) Other expense (2,382) -------- - - - - -- -------- - - - - - -- Total $127,636 -------- - - - - -- -------- $219,411 - - - - -- Net income before transfers 214,529 256,472 Transfers to Other Funds 482,77 30,356 -------- Net Income - - - - -- -------- ($268,198) - - - - -- $226,116 Retained Earnings at beginning of year -------- 1,761,991 - - - - -- -------- 1,535,875 - - - - -- Retained earnings at end of year -------- $1,493,793 - - - - -- -------- $1,761,991 - - - - -- -71- STORE NO. 1 1985 1964 ------- - - - - -- ------ - - - - -- $2,024,083 $166,891 STORE NO. 2 1985 1984 ------- - - - - -- ------ - - - - -- $392, 399 $549,946 Farm H -1 STORE NO. 3 1985 1984 ------- - - - - -- ------- - - - - -- $514,935 $717,253 $250,955 $ - $62,9606 $62,266 $84,176 $85,547 1,747,994 396,566 ------- 305,933 - - - - -- ------- 452,537 - - - - -- ------- 399,221 - - - - -- ------- 569,707 - - - - -- ------- - - - - -- ------- $1,998,949 - - - - -- $396,566 $368,539 $514,803 $483,397 $655,254 287,897 250,955 - - -- ------- 47,326 - - - - -- ------- 62,606 - - - - -- ------- 67,628 - - - - -- ------- 84,176 - - - - -- ------- - - - - -- ------- $1,711,052 - - $145,611 $321,213 $452,197 -- ------- $415,769 - - - - -- ------- $571,078 - - - - -- ------- - - - - -- ------- $313, 031 - - - - -- ------- $21,280 - - - - -- ------- $71,186 - - - - $97,749 $99,166 $146,175 15.47% 12.75% 18.14% 17.77% 19.26% 20.38% $253,835 $35,434 $5E,334 - - - - -- ------- $85,377 - - - - -- ------- 59,944 - - - - -- ------- $102,043 - - - - -- ------- - - - - -- ------- g - - - - -- ------- ($14,154) $14, 852 $12,372 $39,222 $44,132 22, 684 1,810 1,86,--' 1,576 - - - -- ------- 1,831 - - - - -- ------- 11 903 - - - - -- ------- - - - - -- ------- $36,512-1 - - - - -- ------- ($15,964) - - - - -- ------- $12, 990 - $10,796 $37,391 $42,229 -72- MUNICIPAL LIQUOR FUND COMPARATIVE STATEMENT CHANGES IN FINANCIAL POSITION Years Ended December 31, 1985 and 1984 Sources of Working Capital: Operations: Net income -- Form H -1 Items not requiring (providing) working capital Depreciation -- Form H -5 Total Sources of Working Capital Uses of Working Capital: Acquisition of property and equipment -- Form H -5 Increase (Decrease) in Working Capital Elements of Increase in Working Capital: Cash Investments Accounts receivable Inventory Accounts payadle Accrued liabilities Increase (Decrease) in Working Capital -73- Form H -2 1985 1984 -------- - - - - -- -------- - - - - -- ($268,198) $226,116 25,095 5,289 ($243,103) -------- - - - - -- -------- $231,405 - - - - -- 11,383 216,367 ---- - - - - -- ------- - - - - -- ($254,486) $15,038 ($1,500) (384,599) (14) 5,114 149,000 (22, 487) ($254,486) $2,933 7,223 515 249,924 (216,872) (28,685) $15,038 MUNICIPAL LIQUOR FUND COMPARATIVE SCHEDULE OF GROSS PROFIT Years Ended December 31, 1965 and 1984 1985 ----------------------------- -------- Total - - - - -- Liquor -------- - - - - -- NO. 1 Sales -------- $2,024,083 - - - - -- $1,123,278 -------- - - - - -- Cost of Sales: Inventory, Beginning $250,955 $202,248 Purchases 1,747,994 - - - - -- 977,917 -------- - - - - -- -------- Total Merchandise Available for Sale $1,998,949 $1,180,165 Less: Inventory, Ending 287,897 - - - - -- 237,200 -------- - - - - -- -------- Cost of Sales $1,711,052 - - - - -- $942,965 -------- - - - - -- -------- Gros s Profit on Sales $313,031 $180,313 Percentage of Gross Profit to Sales 15.47% 16.05% NO. 2 Sales -------- $392,399 - - - - -- $151,559 -------- - - - - -- Cost of Sales: Inventory, Beginning $62,606 $42,590 Purchases 305,933 115,527 - - - - -- - - - - - -- - rTotal Merchandise Available for Sale -------------- $368,539 $158,117 Less: Inventory, Ending 47,326 -------- - - - - -- 32,063 -------- - - - - -- Cost of Sales .$321,213 - - - - -- $126, 054 ---------- ---- Gross Profit on Sales -------- $71,186 $25,505 Percentage of Gress Profit to Sales 18.14% 16.83% NO. 3 Sales $514,935 -------- - - - - -- $221,286 -------- - - - - -- Cost of Sales: Inventory, Beginning $ 84,176 $ 61,003 Purchases 3991221 - - - - -- 164,090 -------- - - - - -- Total Merchandise Available for Sale -------- $483,397 $225,093 Less: Inventory, Ending 67,628 -------- - - - - -- 48,374 -------- - - - - -- Cost of Sales $415,769 - - - - -- $176,719 -------- - - - - -- Gross Profit on Sales -------- $999166 $44,567 Percentage of Gross Profit to Sales 19.26% 20.14% -74- $273,974 $19,675 $717,253 $258,087 $4-25,261 $33,905 $ 18,168 $ 5,005 $85,547 $67,560 From H -3 ' 13,193 569, 707 c- 1984 348,800 - ------ ------- 28,953 - - - -- --------------------- beer ------- - - - - -- ------- - - - - -- ------------------------------------------------------ Other - - - - -- ------- Total - - - - -- Liquor --=--- - - - - -- ------- beer - ----- ------- Other - - - - -- $836,057 ------- - - - - -- ------- $649748 - - - - -- ------- $166,891 - - - - -- $117,720 ------ - - - - -- ------- $44,428 - - - - -- ------- $4,743 - - - - -- $43,508 $5,199 $ - $ - $ - $ - 727,872 42,205 - - - -- ------- 39E, X66 - - - - -- 304,291 ------ - - - - -- ------- 83,176 - - - -- ------- 9,099 - - -- -- ------- - -- - -- ------- $771, 380 - $47,404 $396,566 $304,291 - $63,176 $9,099 42, 997 7,700 2- 50, 955 202,248 •4:,, 506 5,199 $728,383 $39,704 $145,611 $102,043 --- - -- ----- $39,668 -- - - - - -- -- ----- $3,-300 - - - - -- -------- --- -- -- $107,674 ----- -- - --- -- $25,044 --- -- -- - --- $21,260 ------ $15,677 $4,760 $843 12.88% -38.E8% 12.75% 13.31/ .10.71% 17.78% ' $22E 011 ------- - - - - -- ------- $14,829 - = - - -- ------- $549,946, - - - - -- $180.453 ------ - - - - -- ------- $345,032 - - - - -- ------- $24,4E1 - - - - -- ' $17,E14 $2,402 $62,2E6 $45,085 $14,757 $2,424 179, 1c ^ 11,254 -- -- - -------------------------- 452,537 139,151 1 _- 288, ,x8,x - - _ -__- - -_ - ------------- 25,003 -- - - -- - - -- -- - -- i' $196,7E6 - - -- -- $13, 656 $514, 803 $184,236 $303,140 $27,427 113i4-1-1 - - - 1,852 - - - - -- ------- E2,606 - - - - -- 42,,590 ------ - - - - -- ------- 17,E14 - - - - -- ------- c, 402 - - - - -- ------- - -- ------- $183, 355 $11,804 $452,197 $141,646 - - - - -- ------- $285,526 - - - ----- $25,025 - - - - -- ------- -T - - -- ------- $42,656 - - - --- ----- $3102-'15 --- --- -= $97,74 9 ------ $38,807 --- $59,506 -- ($564) 18.87% 2-0.40Y. 1777% 21_50% 17.25% 2.31% $273,974 $19,675 $717,253 $258,087 $4-25,261 $33,905 $ 18,168 $ 5,005 $85,547 $67,560 $14,628 $3,359 ' 221,938 13,193 569, 707 c- 191,954 - - - - -- ------ 348,800 - ------ ------- 28,953 - - - -- ------- - - - - -- ------- $240,106 - - - - -- ----- $18,198 - - - - -- ------ $655,254 $259,514 $363,428 - $32,3.12 16,149 ------- - - - - -- ------- 3, 105 - - - --- ------- 84,176 - - - - -- ------ 61,003 - - - - -- ------- 18,168 - - - - -- --- 5,005 - - - - -- - -- $223, 957 $15,093 $571,078 $198,511 - ------- $345,260 - - - - -- ------- $27,307 - - - - -- -- ----- - - - - -- ------- $50, 017 - - - - -- ----- $4,582 -- - - - - -- ------ $146,175 - - - -- $59,576 $80,001 $6,598 18.26% 23.29% 20.36% 23.08% 18.81% 19.46% -75- MUNICIPAL LIQUOR FUND COMPARATIVE SCHEDULE OF OPERATING EXPENSES COMBINED OFF -SALE Years Ended December 31, 1985 and 1584 PERSONAL SERVICES: Salaries - regular employees Salaries - overtime and part time employees Interdepartmental labor services City contribution to PERA and FICA Hospitalization - Life insurance Worker's and unemployment compensation Total Personal Services OTHER SERVICES & CHARGES: Contractural maintenance & repair Professional services Communications Travel - subscriptions Utility Insurance & bonds Other contractural services Other charges Total Other Services & Charges SUPPLIES: General supplies Total Supplies Total Operating Expense -76- 1985 Total NO. 1 $95,171 $86,933 83,573 23,a07 (3j554) (7,460) 14,323 11,854 9,261 5,591 1,631 -------- - - - - -- ------ 1,059 - - - - -- '$200, 405 -------- - - - - -- ------ $121,70 - - - - -- $4, 468 $1,116 17,369 13,248 4,446 1,797 1,419 577 31,233 22,040 23,301 15,631 76,039 70,741 3,567 1,741 $161,842 $126,891 --- - - - - -- ----- - - - - -- $7, 866 $5,160 -------- - - - - -- ------ - - - - -- $7, 866 $5,160 $370,11Z $253,S35 From H -4 1984 ------------------- ' N0. 0 - - - - -- N0. 3 --------------------------------------------------- Total N0. 1 - - - - -- ------ N0. 2 - - - - -- N0. 3 ------ - - - - -- ------ - - - - -- -------- $5, 775 - - - - -- ",463 ------ - - - - -- 33,986 ------ $12,642 $1,444 $19,900 ' 30, C. -_j 29,481 9D, 639 5,050 47,464 44,175 (947) 4,853 00,837 231 14;888 5,778 1, 0.90 e 1, 7^ 9, E98 1, ElO 3, 209 4, 879 1,534 0, 08G 0, 069 448 6 1,615 437 108 371 - -- - - 1,784 ------------ - - -- - - - - -- - - - ------------ $38, 104 -------------- ------ $40, 497 - - - - -- - - -- -- - - - - - - $165,5 E0 ------- - - - - -- ------------ $20,109 ------ - - - - -- - -- - - -- E7, 322 ------ - - - - -- $78,131 ------ - - - - -- -01, 564 1, 788 $1,'388 $ - $140 $1, 848 2,168 1,953 ,3, 898 454 1,729 1,715 1, 350 1, 09'9 ",922 1,422 1,264 401 401 1,040 178 431 431 4,09-3 5,094 9, 07� _ 3,733 5,539 ' 17 v, L J J 4, 37 i 9, 572 4, 070 5, 502 3,466 1,812 4,191 113 1,921 2, 157 708 1,118 12,731 8,624 2,4" -::'4 ------ - - - - -- 1,683 ------ - - - - - ------ - - - - -- ------ $17,095 ------ - - - - -- ------------- - - - - -- $17,856 ------ - - - - -- $45,E,14 ------ - - - - -- ------ - - - - -- $9,60-j ------- - - - - -. C15.870 870 ------ - - - - -- X20, 139 ------ - - - - -- '$1,115 $:,591 :11, 6185, 720 $,_, 185, 773 - - -- $ 1. 1 1 ° - ---- 1, 591 w 11, 6785, 700 - - - - -- $2,185 ------ - - - - -- $3,773 ------ - - - - -- ----- - - - - -- ------ 56, 334 ------ - - - - -- ------ - - - - -- $59,944 - - - - -- ------- - - - - -- $000, 854 ------ $35,434 $85,377 $102,043 ' - 77" MUNICIPAL LIQUOR FUND SCHEDULE OF PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION Year Ended December, 31, 1985 Off Sale No. 1 Store: ImprovaNent_ other than buildings Fixtures Equipment Total Off Sale No. 2 Stare: Law Bailding Improvements other than buildings Fixtures _qo pment _ , �_..Gl Off Sale No. 3 Store: Land Building Improvements other than buildings Fixtures Equipment Total Grand Totals -78- Property and Equipment -------------------------------------------- Balances (Deletions) Balances 1 -1 -85 -------------------------------------------- Additions 12 -31 -85 $75,332 $12,313 $87,645 978 - 978 136,907 -------- - - - - -- 1,985 -------------- 138, 892 -------- - - - - -- $213, 217 -------- - - - - -- $14,298 -------- - - - - -- $227, 515 -------- - - - - -- $2, 765 $ - $2,765 321 335 32,335 4,489 - 4,489 7,342 - 7,342 7,523 (1,082) 6,441 $54,454 -------- - - - - -- (0,082) -------- - - - - -- $53,372 -------- - - - - -- $4,360 $ - $4,360 48,278 - 48,278 7,025 - 7, 045 Q085 - 15,085 4,985 -------- - - - - -- (1,833) -------- - - - - -- 3,152 -------- - - - - -- $79, 733 - - - - -- - ($1,833) -------- - - - - -- $771900 -------- - - - - -- -------- $347, 404 -------- - - - - -- -------------- $11,383 -------- - - - - -- -------- - - - - -- $358,787 -------- - - - - -- -------- - - - - -- -78- Form H-5 -79- Accumulated Depreciation - - -- -------- - - - - -- ----------------------------------------------------- Balances Depreciation - - Balances Net Asset 1 -1 -85 ------------------------------------------------------ Taken Adjustments 12 -31 -85 - - - - -- Value -------- - - - - -- 1028 $S,113 $ - $8,741 $7S,904 13 158 - 171 607 1,169 14140 - - - - -- 15,582 -------- - - - - -- 123, 310 -------- - - - - -- ---=---- - - - - -- $1, 6' 10 -------- - - - - -- $22,684 -------- - $ - $24,494 $203,021 - $ - $ - $ - $2,765 14,682 780 - 15,462 16,873 1,43E 224 - 1,660 2,829 7, 068. 613 - 7,137 205 4,07 759 ( 641) - - - - -- 4;3E5 -------- - - - - -- 2,076 -------------- ---=---- - - - - -- ;.27, 403- -------- - - - - -- -------- - - - - -- $1,S62 -------- - - - - -- --------- ($641) -------- - - - - -- $28,624 -------- - - - - -- $24,748 -------- - - - - -- - $ $ - $ - $4, 360 22, 288 1, 185 - 23,473 24,805 �J, 057 339 - LL 3,396 L 9 3,629 151035 - - 15,085 0 2,735 307 (641Y - - - - -- 2,401 -------- - - - - -- 751 -------- - - - - -- -------- - - - - -- $43, 165 -------- - - - - -- $1,831. -------- ( $641) $44,355 $331545 $72,378 $26,377 ($1,M) $97,473 $261, 314 -79- Form I WATER UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1985 and 1984 1985 1984 -------- - - - - -- -------- - - - - -- ASSETS Current Assets: Cash - treasurer's balance $ - $ - nvestments, at cost 491,62S 463,777 Accounts receivable: Unbilled services 128,882 139,617 Special assessments: Delinquent - 3,441 Other 41,824 55, 086 Meter Inventory, at cast -------- 3,038 - - - - -- 3,039 -------- - - - - -- Total Current Assets - -------- $665,372 - - - - -- $664,960 -------- - - - - -- Property and Equipment: Land $45,223 $45,223 Buildings 212,924 212,924 Improvements other than buildings 2,229,619 2,174,394 Machinery and equipment -------- 124,093 - - - - -- 124,765 -------------- Total $2, 611, 859 $2,557,306 Less: Accumulated depreciation -------- 1, 149, 165 - - - - -- 1,100,420 -------- - - - - -- Net property and Equipment -- Form i -4 $1,462,694 - - - - -- $1,456,886 -------- - - - - -- -------- Total Assets $2,128,066 $2,1211646 LIABILITIES, AND FUND EQUITY ----------------------------------------- Current Liabilities: Accounts payable $48,572 $43,818 Accrued salaries payable 18,602 17,486 Accrued FICA /P. E. R. A. payable 1,062 649 Due to other governmental units -------- 1,145 - - - - -- 1,067 -------- - - - - -- Total Current Liabilities $69,581 - - - - -- $63,020 -------- - - - - -- -------- Total Liabilities $69,581 $63,020 Fund equity: Contributed $1,040,866 $1,067,160 Retained earnings unreserved -- Form I -1 -------- 1,017,619 - - - - -- 991,666 -------- - - - - -- Total Fund Equity -------- $2,05S,485 - - - - -- $2,058,826 -------- - - - - -- Total Liabilities, and Fund Equity $2,128,066 $2,121,846 AM Form I -1 WATER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FUND EQUITY Years Ended December 31, 1985 and 1984 ME -------------------- 1985 - - - - -- ----------------------------- 1984 Retained Retained Contributions Earnings Contributions - -- Earnings -------- - - - - -- Balance, January 1 ------- - - - - -- $1,067,160 ----- - - - - -- $991,666 -------- - - - $19093,454 $835,932 Income transferred to retained earnings 25,953 - 155,734 Depreciation on contributed assets (26,294) - - - - -- (26,294) -------- - - - - -- - -------- - - - - -- Balance, December 31 ------- - - - - -- $1,040,866 ----- $1,017,619 $1,067,160 $991,666 ME Form I -2 WATER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES AND EXPENSES Years Ended December 31, 1985 and 1984 1985 1984 Operating Revenues: -------- - - - - -- -------- - - - --- Water sales $713,769 $794,916 Hydrant rental 50 60 Meter sales 3,618 9,252 Customer service 1,891 2,880 Penalties -------- 16,983 - - - - -- 14,660 -------- - - - - -- Total Operating Revenue $736,311 $821,768 -------- Operating Expenses: - - - - -- -------- - - - - -- Source of supply $491,861 $500,304 Distribution: Personal services 130,145 102,508 Other services and charges 46,000 37,452 Supplies 21,015 23,592 Administration and General: Personal services 458 18,859 Other services and charges 14,195 14,433 Supplies -------- 662 - - - - -- 1,285 -------- - - - - -- Total Operating Expenses -------- $7049336 - - - - -- $698,433 -------- - - - - -- Operating Income Before Depreciation $31,975 $123,335 Less: Depreciation -- Form J -4 -------- 51,245 - - - - -- 44,511 -------- - - - - -- Operating Income ($19,270) $78,824 Nonoperating Revenues (Expenses): Interest earnings - Trust Fund $42,562 $50,235 Miscellaneous 1,885 1,577 Interest expense -------- - - - - - -- - -------- - - - - -- Total $44,447 $51,812 - - - -------- Net Income before transfers - - - - -- $25,177 -------- - -- 130,636 Transfer to Westside Project - 1,196 Transfer to General Fund 25,518 - - - - -- - -------- - - - - -- -------- Net Income ($341) $129,440 Transfer depreciation on contributed assets 26,294 26,294 -------- Income transferred to retained earnings - - - - -- $25,953 -------- - - - - -- $155,734 -82- Form I -3 WATER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1985 and 1984 1985 1984 Source of Working Capital: Uwerations: Net income ( l ass ) -- Farm 1-2 ( $341) $129,440 Item= not requiring (providing) working capital: Depreciation -- Form 1-4 48,745 44,511 Total Sources of Working Capital $48,404 $173,951 Uses of Working Capital: Accu isit ion of property and equipment -- Form I -4 - 54,553 - -- -- - -- - -- -------- 13,456 - - --- Net increase in Working Capital - - - -- ($6,149) -----$160,495 - - Elements of Net Increase in Working Capital: Cash $ - M) investments 27,851 145,677 Accounts receivable (27,438) 14,195 Inventory (1) 752 Accounts payable (4,754) 1,391 Accrued expenses (1,729) (1,516) Due to other funds -------------- (76) -------- - - - - - -- Net increase in Working Capital ($6,149) $160,495 -83- -84- WATER UTILITY FUND SCHEDULE OF PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION Year Ended December 31, 1985 Property and Equipment ----------------------------------------------------------- Balances Balances 1 -1 -85 ----------------------------------------------------------- Additions Deletions .12 -31 -85 Land $45,223 $ - $ - $45,223 Buildings 212,924 - - 212,924 Improvements other than bui 2,174,394 55,225 - 2,229,619 Machinery and equipment 122,596 537 2,500 120,633 Office furniture and equipm 2,169 -------- - - - - -- 1,291 - -------- - - - 3,460 Grand Totals $2,557,306 - -- -------- - - - - -- $57,053 $2,500 -------- - - - - -- $2,611,859 -84- Form 1 -4 Accumulated Depreciation ----------------------------------- --------------- -------------- Balances Depreciation 'Balances Net Assets 1-1-85 Taken Adjustments 12-31-85 Value ------------------------------------------------------ -------------- $ - '$ " - $ - $ - $459223 69,41 2 7,162 - 76,574 136,350 929,083 38,832 968,015 1,281,604 99,933 5,097 (2,500) 102,530 18,103 ., .1,992 54 - 2,046 1,414 $1,100,420 ============== ============== $51,245 ============== ($2,500) $1,149,165 ============== ============== $1,462,694 -85- Farm J SEWER UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1985 and 1984 -86- 1985 1984 ASSETS -------- - - - - -- -------- - - - - -- Cash- Treasurer's balance $ - $ -. Investments, at cost 1,296,584 1,017,381 Accounts receivable: Unuilled services 129,537 135,995 Other 42,027 39,274 Due from ether governmental units 82,147 82,147 - - - - -- Total Current Assets -------- - - - - -- $1,550,295 -------- $1,074,797 Due from Metropolitan Waste Control Comm.: Reserve capacity $ 23,819 $15,910 Interceptor acquisition contract 247,68 259,519 Total Deferred Assets $271j447 -------- - - - - -- $265,429 -------- - - - - -- Property and Equipment: Land $36,586 $36,566 Buildings 26,245 26,245 Improvements ether than buildings 2,475,155 2,340,642 Machinery and equipment 194,992 191,008 - - - Total -------- - - - - -- $2,732,978 -------- - -- $2,594,481 Less: Accumulated depreciation 1,302,092. - - - - -- 1,234,014 -------- - - - - -- Net Property and Equipment -------- -- Form J -4 0,430,886 - - - - -- $1j360,467 -------- - - - - -- Total Assets -------- $3, Z52, 628 -------- - - - - -- $2,920j693 -------- - - - - -- LIABILITIES, AND FUND EQUITY -------------- -------- - - - - -- Current Liabilities: Accounts payable $4,530 $7,902 Accrued salaries payable 11,563 14,709 Accrued FICA and PIRA payable - - - - - -- 39 -------- - - - - -- Total Current Liabilities -------- $16,093 - - - - -- $22,650 -------- - - - - -- Fund Equity: -------- Cantrioutions from customers $979,617 $1,018,552 Retained earnings unreserved -- Form J -1 2,256,518 1,879,491 Total Fund Equity $3,236,535 -------- - - - - -- $2,898,043 -------- - - - - -- Total Liabilities, Contributions, and Retained Earnings $3,252,628 -------- - - - - -- -------------- $2,920,693 -------- - - - - -- -------- - - - - -- -86- SEWER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FUND EQUITY Years Ended December 31, 1965 and 1584 Balance, January 1 Income transferred to retained earnings Depreciation can contributed assets Balance, December 31 Form J -1 -------- - - - - -- 1985-- - - - - -- ---- - - - - -- -1984 ' Retained Customer Retained Customer Earnings Contributions Earnings Contributions Restated -------- - - - - -- ----- - - - - -- ----- - - - - -- ------ - - - - -- $1,018,552 $1,879,491 $1j057,487 $1,551,04 377,427 - (3S,935) (38,935) -------- - - - - -- ----- - - - - -- ----- - - - - -- - - - -- $979,617- $2,256,918 $1,018,552 MAN a 328,107 SEWER UTILITY FUND COMPARATIVE STATEMENT OF REVENUES AND EXPENSES Years Ended December 31, 1985 and 1984 1985 Operating Revenues: Sewer service charges - general customers and interdepartmental Refunds and Reimbursements: Metropolitan Waste Control Commission Interceptor maintenance S. A. C. charge refund Total Operating Revenues Operating Expenses: Disposal - Metro Waste Control Commission Collections: Personal services Other services and charges Supplies Administration: Personal services Other services and charges Supplies Total Operating Expenses Operating Income Before Depreciation Less: Depreciation -- Form J -4 Operating Income Nonoperating Revenues (Expenses): Interest earnings Metro Wste Control Commission interest or deferred current value credit Interest on reserve capacity deferred charges Other income (Expense) Total Net Income before transfers Transfer to General Fund Transfer to West Side Project Net Income (Loss) ) Transfer depreciation on contributed assets Income transferred to retained earnings I :: Form J -2 1984 -------- - - - - -- $758,266 $830,170 17,27S 15,998 400 826 -------- - - - - -- -------- $775, 944 -------- - - - - -- -------- - - - - -- $846,994 - - - - -- $302,326 $43a,407 81, 875 106,618 59,S79 29,447 17,579 18,713 69 19,974 14,469 12,471 626 1,233 $476,S23 $626,863 $299,121 $220,131 68,078 53,911 -------- - - - - -- -------- - - - - -- $231, 043 $166,220 -------- - - - - -- -------- - - - - -- $120,559 10,381 2,206 (603) $132,543 $363, 586 25, 094 $338,492 38,935 $377,427 $110,881 10,838 2,293 136 $124,148 $290,368 1,196 $289,172 38,935 $32S,107 Farm J -3 SEWER UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1985 and 1984 1985 1984 Source of Working Capital: ------- ------- -------------- Operations: Net income Farm J -2 $338,492 $289,172 Items not requiring (providing) working capital: Depreciation - Form J -4 68,078 - - - - -- -------- 53,911 - - - - -- -------- Working Capital Provided from Operations $406,570 $343,083 MetroDolitan Waste Control Commission: Decrease in long -term contract receivable $11,891 $11,434 Decrease in deferred receivable - Reserve Capacity charge -------- 2,091 - - - - -- -------- 1,863 - - - - -- Total Metropolitan Waste Control Commission -------- $13,982 - - - - -- -------- $11,297 - - - - -- Total Sources of Working Capital -------- $420,552 - - - - -- -------- $356,380 - - - - -- Uses of Working Capital: Addition to property and equipment -- Form J -4 138,497 - - - - -- -------- 12,423 - - - - -- -------- Net Increase in Working Capital $262,055 $343,957 Elements of Net Increase (Decrease) in Working Capital Cash $ - ($86) Investments 279,203 568,131 Accounts receivable (3,705) (218,415) Accounts payable 3,372 (7,530) Accrued expenses 3,185 1,857 Due to other governmental units - Net Increase in Working Capital -------- -------------- $2821055 - - - - -- -------- -------- $343,957 - - - - -- - - - - -- :• SEWER UTILITY FUND SCHEDULE OF PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION Year Ended December 31, 1984 Property and Equipment ------ - - - - -- ------------------------------------- Balances Balances 1 -1 -85 Additions Transfers 12 -31 -65 - ------ - - - - -- ------------------------------------- Land $ 36,586 $ - $ - $ 36,586 Buildings 26,245 - - 26,245 Improvements other than building 2,340,G42 134,513 - 2,475,155 Machinery and equipment 189,366 2,520 - 191,866 Office furniture and equipment 1,642 1,464 - 3,106 ------ - - - - -- ------ - - - - -- ------ - - - - -- ----- - - - - -- Grand Total $ 2,594,481 $ 138,497 $ - $2,732,978 RKME i Form J -4 -91 - Accuriiu1ated Deoreciation --------------------------------------------------- Balarices DEpreciation Balances Net Assets 1 -1 -35 Taker, Deriuctions 12 -31 -85 - -- Value - - - - -- --------------------------------------------- $ - - $ - - - - $ - ------ $ 36,586 10, 511 982 - 11,493 14,752 X05 1, 46,3, ,.JW J 60,888 - 1,124,393 1,350,762 158, 473 6, 175 - 164,648 27, 2-38 1 c -.c , JLJ JJ 1,558 , - -- 1,548 � ------ - - - - -- ------ - - - - -- $'I,-'-1 c34, 0I4 ------ - - - - -- ------ - - - - -- $ 68,078 $ - ------ - - - $ 1.302,0 '32 $ 1,430,886 -91 - REFUSE UTILITY FUND COMPARATIVE BALANCE SHEET December 31, 1585 and 1984 Form K 1985 1984 ---- - - - - -- -------- - - - - -- ASSETS Current Assets: Casa-treasurer's balance ($64,265) - Accounts receivable: Un n i l l ed services 82,673 - Other 20,576 - Due 0.0tner Gov't Units 3,869 - -------- - - - - -- -------- - - - - -- Total Assets $23,053 $ - -------- - - - - -- -------- - - - - -- -------------- -------- - - - - -- LIABILITIES. AND FUND EQUITY Current Liabilities: Accounts payable $421 $ - Accrued salaries payable - - Accrued FICA /P. E. R. A. payable - - -------- - - - - -- -------- - - - - -- Total Liabilities $481 $ - -------- - - - - -- -------- - - - - -- Fund equity: Retained earnings unreserved -- Farm K -1 $225632 $ - -------- - - - - -- -------------- Total Fund Equity SEC, 632 $ - -------- - - - - -- -------- - - - - -- Total Liabilities, and Fund Equity $23,053 $ - -92- REFUSE UTILITY FUND COMPARATIVE STATEMENT OF REVENUES AND EXPENSES Years Ended December 31, 1985 and 1584 Operating Revenues: Refuse Serv.Charge Total Operating Revenue Operating Expenses: Disposal - Service contract Operating Expense: Personal services Other services and charges Supplies Total Operating Expenses Operating_ Income Nonoperating Revenues (Expenses): Interest earnings - Trust Fund Miscellaneous Total Net Income before transfers Transfer to other funds Income transferred to retained earnings 1985 $466,5S7 $466,567 -------- - - - - -- $404,535 2,126 16, 428 629 $423971S $4c.849 21 072 5,044 --------- - ---- $7. 116 $49,965 27,333 -------- - - - - -- $22,632 -------- - - - - -- -93- Farm K -1 1584 -------- - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- -------------- Farm K -2 REFUSE UTILITY FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1985 and 1984 1985 1984 -------- - - - - -- -------- - - - - -- Source of Working Capital: Dperat i ons : Net income (lass) -- Form K -1 $229632 $ - -------- - - - - -- -------- - - - - -- Net Increase in Working Capital $22,632 $ - -------- - - - - -- -------- - - - - -- -------------- -------- - - - - -- Elements of Net Increase in Working Capital: Cash (Q41265) $ - Accounts receivable 031449 - Acc._unts payable (421) - Due Fm. Other Gov't Units 3,669 - -------- - - - - -- -------- - - - - -- Net Increase in Working Capital $221632 $ - -------------- -------- - - - - -- -94- HE CITX OF COLUM IA HEIGHTSo MINNESOTA NNUA TINAB�VCIAL KEPQQRT EAR iNDED ECEMBER 51, 1955 ENTERNAL SERVICE FUND The Central Garage Fund is a self sustaining fund providing service to other departments within the city and for which user fees are paid by the using department. 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 Page Form L 95 Form L -1 9.6 Form L -2 97 Form L -3 98 -99 Form L CENTRAL GARAGE FUND COMPARATIVE BALANCE SHEET December 31, 1985 and 1984 1985 1984 ASSETS -------- - - - - -- -------- - ----- Current Assets: Cash - Treasurer's balance $ - $ - Investments, at cost 99,789 73,260 Inventory, at cost 72,937 68,451 Accounts receivable - 16 -------- - - - - -- -------- - - - - -- Total Current Assets $ 172,726 $141,727 i-------- - - - - -- -------- - - - - -- Property and Equipment: Buildings and improvements $13,795 $13,795 Office furniture and equipment 741 741 Machinery and equipment -------- 71,465 - - - - -- 66,690 -------- - - - - -- Total $86,001 $81,226 Less: Accumulated depreciation -------- 65,527 - - - - -- 60,346 -------- - - - - -- Net Property and Equipment -- Form L -3 -------- $20;474 - - - - -- -------- $20,880 - - - - -- Total Assets $193,200 $162,607 LIABILITIES AND FUND EQUITY Current Liabilities: Accounts payable $8,818 $2,244 Accrued salaries payable 14,576 12,521 Accrued social security /P. E. R.A. 422 - - - - -- -------- 339 - - - - -- -------- Total Current Liabilities -------- $23,816 - - - - -- -------- $15,104 - - - - -- Fund Equity: Contributed - other city funds $94,653 $94,653 Retained earnings ---- ---- ------ ---°°- ------ Reserved for improvements $12,205 $12,205 Unreserved 62,526 - - - - -- -------- 40,645 - - - - -- -------- Total Retained Earnings $74,731 $52,850 Total Fund Equity $169,384 - - - - -- -------- $147,503 ---- -- -------- Total Liabilities and Fund Equity $193,200 $162,607 -95- Farm L -1 CENTRAL GARAGE FUND COMPARATIVE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS Years Ended December 31, 1985 and 1984 Billing to Departments Operating Expense: Mechanics labor Other, services and charges Supplies C� ant Tact ur;a 1 services Total Operating Expense Operating Income before depreciation Less: Depreciation -- Form L -3 Operating Income Nono perating Revenues (Expenses): Sale of materials Interest, income Total Net Income Mme Retained) earnings, beginning of year as originally reported Adjustment for c,m ange in accounting for vacation and sick. pay As adjusted Retained Earnings End of Year, 1985 -------- - - - - -- - $161,764 `578, 565 50, 156 7,091 8,242 $144,054 $17,710 5,01 $0,529 $2, 105 7,247 -------- - - - - -- $9, 352 -------- - - - - -- $21, 881 $521850 -------- - - - - -- $5c, 050 $74,731 -96- 1 1984 $145,392 $69,949 51,072 5,2S9 6,S98 $133,208 $12,184 5,201 -------- - - - - -- $6,983 $867 9,110 -------- - - - - -- $9, 977 -------- - - - - -- $16, 960 $35,890 -------- - - - - -- $35, 890 $52,S50 Form L-2 CENTRAL GARAGE FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION Years Ended December 31, 1985 and 1984 1985 1984 ------------- -------------- Sources of Working Capital: Operations: Net income -- Form L-1 ' $21,881 $16,960 Items not requiring (providing) worxing capital: ' Depreciation -- Form L-3 5,181 5,201 ----------- --------------- Total Sources of Worxin'g Capital $27,062 $22,z6z Uses of Working Capital: Acquisition of property and equipment -- Form L-3' Increase in Working Capital Elements of Increase in Working Capital: Cash Investments Accounts receivatle Inventory Accounts payable Accrued expenses Increase in Working Capital IMMA 4,775 ------------- $22,287 ============= $ 26,529 (l6> 4,486 (6,574) (2,138) ------------- $22,287 454 -------------- $21,707 ============== $ 17,518 16 6,856 (837) (1,846) ______________ $21,707 ============== CENTRAL GARAGE FUND SCHEDULE OF PROPERTY, EQUIPMENT, AND ACCUMULATED DEPRECIATION Year Ended December 31, 1985 .; Property and Equipment --------------------------------------- Balances Balances 1 -1 -85 Additions 12 -31 -85 =-- Buildings ------------------------------------ $13,795 $ - $13,795 Office Turn. and equip. 741 - 741 Mach i ner_y and equip. 66. 690 --------------------------------------- 4,775 7114G5 Total $81,226 $4,775 $861001 .; Form L -3 Allowance for Depreciation ---------------------------------------- - ---------------------- Balances Depreciation Balances Net Assets 1 -1 -85 Adjustments Taken 12-31 -85 Value ------------------- =------------------------------------------- $4. 927 $ - $1,971 $6189a $6, 897 669 - 16 685 56 54,750 - 3,194 57,944 13,521 -------------------------------- - - - - -- ------------------------ $601 346 $ - $5,181 $65,527 ' $20,474 -'99- HE CITX OF COLUM IA HEIGHTS., MINNESOTA NNUAj TINANCIAL KEPQRT EAR MED DECEMBER 31.,1985 HOUSING AND- REDEVELOPMENT AUTHORITY Table of Contents Page Combining Balance Sheet Form M 100 -101 Combining Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual Form M -1 102 -103 Special Revenue Funds Combining Balance Sheet Form M -2 104 Special Revenue Funds Combining Statement of Form M -3 105 Revenue, Expenditures and Fund Balance I 1 I 15 ko CU 0') M nJ co 1` - ►v to 5 ► r` 1 u 10 II I I CT co nJ U7 to Ch 5 nJ M nJ Cn r ?J 5 r I Cn If I I d 117 M U7 W LD M 0, CO M 5 1?•1 0ri I M 11 I ao I N LD Cu Cn M 5 1 M 11 I m I 40 CO -4 f- IN t 1 5 r 5 nJ I N ►I S , -4 -4 nJ I 5 11 If S. 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LR I W 1 I I 8► I I II t at � W a`) i au, a Lo A N a N w a v c 1 N 0 z i -. i Q 121 I. Ri > +1 J W I N a ra 1 a +� o at ' M �I 1 m z C- z .0 >, Z LL I >, a 4- *+ I r6 2 } a .� z I St Q I � z I N a U O LO I 4-- H I U Y -+ N rn ,- !L H I N N u o'0 0 N u -� I G) w a a 4- '0 N r, = -4 - a H I m N N n 4- 4- S- U U +-� 'U > til I m o at a U d o a +� a .- a I a x s= >, S_ > s= ti > > > a H I a M n ro M >, a s >,a -� S.. . S.. N J I a H> a +� J= L ,4 S- M N U +� LA ' N >, (v c +� U o m = N a ra a 5= i' a.; w> a aaj o o s- a a a l7 ti LL Uz U a co " z> A A A LL 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, 1985 ROvences : Rents Loans and Grants Department of Housing R Urban Devel. General obligation bond proceeds through City of Columbia Heights Grant Drawdown Miscellaneous Total Revenue Expenditures: Administration Utilities, maintenance and operations Loans and grants Property acquisition /site improvements Legal Interest Other expenditures Total Expenditures Excess (deficiency) of revenues over expenditures Fund balance at beginning of year Fund balance at end of year The accompanying notes are an integral part of the financial statements General Fund ------------------------------------ Variance Favorable Budget Actual (Unfavorable) ------------------------------ - - - - -- 81,526 96,071 14,545 $ 81,526 $96,071 $ 14,545 --- - - - - -- ---- - - - - -- --- - - - - -- 81,526 103,792 (22,266) 16,903 (16,903) 3,250 (3,250) - 1,299 (1,299) --- - - - - -- ---- - - - - -- --- - - - - -- $81, 526 $125,244 ($43,710) (29,173) (29.173) 636, 086 636,086 - --- - - - - -- =--- - - - - -- --- - - - - -- $636,086 $ 606,913 ($29,173) - 102- Special Revenue Fund (Low- Income Housing Fund and Downtown Development Fund) Variance Favorable Budget Actual (Unfavorable) ' 136,800 177,050 112, 726 $426,.576 89,846 ' 1 14, 740 177,'050 44,940 $426,576 438,400 t$438,400- Form M -1 Totals (Memorandum Daly) ----------------------------------------- Variance Favorable Budget Actual (Unfavorable 151,002 14,202 136,800 238,866 61,816 177,050 186,995 186, 995 - 136,000 136,000 (39,347) 648,289 648,289 ----- $1,533,714 58,834 (53, 892) 1-34,"':52 $1,419,985 ----- - - - - -- $ 993,409 ----- - - - - -- $ 508,102 ----- - - - - -- 70,506 19,340 171,372 130,053 (15, 3', 13) 114,740 23, 871 153,179 177,050 686,672 (686,672) - �C, 55j (32,339) 465,029 (420,089) 44, 940 $1,408,470 $(981,894) $ 508,102 11,515 11,515 - 438,400 - 1,074,486 $ 449,915 $ 11,515 $1,074,486 -103• 151,002 14,202 238,866 61,816 186,995 186,995 136,000 136,000 648,269 648,289 154,905 (39,347) $1,516,056 ----- - - - - -- $ 1,007,954 ------ - - - - -- 174, 298 (2, 926 ) 130,053 (15, 313•) 40,774 136,276 686,672 (686,672) 3,250 (Z,250) 312, 33 j 32,339 466,327 - - - - -- (421,387) ------ - - - - -- ----- $1,533,714 ($1,025,612) (17,656) 1,074,486 $1,056,828. (17,658) $ (17,656) FORM M- 2 HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET DECEMBER 31, 1985 Anoka County Downtown Law - Income Comm. Develop. Development Housing Block Grant Totals Fund Fund Fund 1985 1984 ASSETS--- - - - - -- --- - - - - -- --- - - - - -- --------------- - - - - -- Cash Investments Accounts Receivable Housing and Urban Develop. Anoka County Due from Columbia Heights Due from other Funds Prepaid Insurance Total Assets Liabilities Accounts Payable Secuity Deposits Taxes and Ins. Escrow Interest Payable Dace to City of Col. Hq_ts. Due to other Funds Total Liabilities Equity Fund Balance Reserved for Comm. Develop Reserved for Future Oper. Unreserved Total Equity Total Liabilities and Equity $7,590 $4,212 $4,300 $16,103 $3,763 1001157 232,806 122,572 455,535 386,471 810 - - 810 650 - 187,415 - 187,415 173,563 - - 25,27S 25,278 23,694 06,300 - - 1661300 - 102,170 - - 102,170 70,708 - --- - - - - -- 4,184 --- - - - - -- - --- - - - - -- 4,184 --- - - - - -- 1,627 --- - - - - -- $377, 067 --- - - - - -- --------- $428, 617 --- - - - - -- --- - - - - -- $152,150 --- - - - - -- --- - - - - -- $957,796 --- - - - - -- --- - - - - -- $660,476 --- - - - - -- --- - - - - -- $1661207 $69,595 $ 4,355 $240,156 $61,443 - 3,3K - 3,384 3,300 1,029 - - 1,029 - - - - - 14,341 12,348 - 2,500 14,848 110,753 1401527 41050 - - - -- 03,88E --- - - - - -- 246,463 --- - - - - -- 32,239 --- - - - - -- --- - - - - -- $320,111 --- - - - - -- --- - $77,025 --- - - - - -- $110,741 --- - - - - -- $507,881 --- - - - - -- $222,076 --- - - - - -- $ - $ - $ 41,410 $ 41,410 $ 67,793 - 101,508 - 101,508 94,487 56,916 --- - - - - -- 2501 0S i - --- - - - - -- --- - - - - -- 306,998 --- - - - - -- 276, 120 --- - - - - -- $ 56,916 --- - - - - -- $351,589 $ 41,410 --- - - - - -- --- - - - - -- $449,915 --- - - - - -- $43S,400 --- - - - - -- $377, 028 $428,617 $152,150 $957,796 $660,476 �� Form M -3 HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE For the Year Ended December 31, 1985 Downtown Development Fund Revenue and Other Sources Rents $ - Comm.Development Block Grant - Housing 8 Urban Development - Obligation Bond Proceeds - Grant Drawdowns 648,289 Other income 14,406 Total $662,696 Expenditures Balance, Administration $ 37,506 Utilities, maint.& operation 360 Loans and Grants - Property acquisition /improv. 406,915 Relocation assistance 184,881 Legal; 32,044 Principal reduction - Interest - Other expenditures 54,124 Total $715,830 Increase (Decrease) 58,834 ----- - - - - -- in Fund Balance ($53,135) Fund Balance, January 1 $110,051 Fund Balance, December 31 $ 56,916 Anoka County Low - Income Comm. Develop. Housing Block Grant Fund Fund Totals - -- 1985 1984 --- - - - - -- - $151,002 $ - $151,002 $135,667 - 238,866 238,866 75,786 186,995 - 186,995 295,192 136,000 - 136,000 105,796 - - 648,289 - 42,517 -- 1,910 --- - - - - -- 58,834 ----- - - - - -- 103,647 --- - - - - -- --- - - - - $516, 513 $240,776 $1,419,985 $716,088 $28,451 $ 4,549 $ 70,506 $44,804 129;693 - 130,053 132,097 - 23,871 23,871 24,806 80,092 199,664 686,672 237,418 - 15,643 200,524 - - 295 32,339 8,055 120,201 - 120,201 - 66,794 - 66,794 121,193 249 23,138 77,510 - - -- 44,751 --- - - - - -- --- - - - - -- $425,480 --- - - - - -- $267,159 ----- - - $1,408,470 $613,124 $91,033 ($26,383) --- - - - - -- --- - - - - -- $260,556 $ 67,793 --- - - - - -- --- - - - - -- $351,589 $ 41,410 -1o5- $ 11,515 $102,964 - - - -- ----- - - - - -- $ 438,400 --- - $335,436 ----- - - - - -- $ 449,915 --- - - - - -- $438,400 HE CITX OF COLUM IA HEIGHTS, MINNESOTA NNUA TINABCIAL KEPQRT 1Q85 EAR iNDED llECEMBER S1, GENERAL FIXED ASSETS GROUP of ACCOUNTS TABLE OF CONTENTS Statement of General Fixed Assets Page Form N 106 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 STATEMENT OF GENERAL FIXED ASSETS December 31, 1385 General Fixed Assets: Land Buildings Improvements other than buildings Office furniture and equipment Machinery and equipment Total - Form A Investment in General Fixed Assets: General obligation bends: Library bonds of 1966 Municipal building bonds of 1959 Park bonds � •f 1962 City garage bonds of 1972 Capital improvement bonds of 1976 Total General Obligation Bonds Grants: Federal E. D. A. and H.U.D. State total Grants Revenue Sharing: Federal Anoka County Total Revenue Sharing Balance from current revenues and contributions Total Investments in General Fixed Assets -106- Form N $31025,100 2,767,069 729,S39 724,484 1,30S,617 $8,555,909 $90,000 150,000 325,000 510,000 929,475 $2,004,475 $52S,290 267,203 A793,493 $1,538,202 51,550 �1, 589. 8Jc $4, 168, 109 $S,555,909 HE CIT� OFCOLU% AQQHEIGHTS, MINNESOTA NN EARAtNDED DECEMBER A��PS10 1935 GEXERAL LONG-TERM DEBT GROUP OF ACCOBTS TABLE OF CONTENTS Statement of General Long -Term Debt Schedule of Funding Available and Funds Required Schedule of Debt Service Requirements to Maturity Page Form 0 107 Form 0 -1 ,o8 Form 0 -2 109 Form 0 STATEMENT OF GENERAL LONG -TERM DEPT December 31, 1585 AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG -TERM DEPT Amount available in debt service funCs Amount to be provided for retirement of: Long Term Debt Vacation and sick leave payable GENERAL LONG -TERM DEPT PAYABLE General obligation bands payable Vacation and sick leave payable Total Payable $ 2,068,577 $91256,423 217, 172 $11,542,172 $11,325,000 217,172 $111542,172 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 $2,460,000 of special assessment bonds retarded 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 bends. -07- SCHEDULE OF FUNDING AVAILABLE AND FUNDS REQUIRED December 31, 1985 Cash, Investments and Receivables Deferred Tax Levies ------------ - - - - -- Levy /Payable Years: 1935/86 1'86/87 1987/88 1988/89 1989/90 1990/91 1991 /92 1992/93 1'993/94 1994/95 1995/9E, 199E/97 1997/98 1998/99 1999/00 2000/01 2001/02 Total FUNDING AVAILABLE Bends /Future Interest Payanie Bonds Future Interest FUNDS REQUIRED BALANCE -] 08- Form 0 -1 Total $2,068,576 1,209,338 192419660 1,278,420 112999714 1,3201945 19360,939 1,3741455 17377,475 1,355,940 1, 279, 120 1,314,370 1,268,320 1,256,960 1,176,450 1,095,000 1,012,675 365,625 $20,567,405 $22,655,981 $11,325,000 9,262,405 $20,587,405 ------------ $2,0689 576 Form 0 -2 SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY -109- December 31, 1985 General Obligation Bonds ----------------------------------- Principal ------ - - - - -- Interest ----- - - - - -- 1986 $260,000 $929,336 1987 335,000 906,660 1988 400,000 878,420 1989 455,000 844,714 1990 515,000 805,945 1991 600,000 760,939 1992 665,000 709,455 1993 725,000 652,475 1994 765,000 590,940 1995 750,000 529,120 1996 850.000 464,370 1997 875,000 393,320 1998 940,000 316.960 1999 940,000 236,450 2000 940,000 155,000 2001 940,000 72,675 2002 3J0,000 15,625 ----------- ------------ $11,325, 000 $9,262,405 -109- I HE CIT OF COLUM IA HEIGHTS, MINNESOTA NNUAj tINA CIAL KEP RT EAR LNDED BECEMBER 1, 1935 STATISTICAL SECTION TABLE OF CONTENTS Assessed Value and Market Value of all Taxable Property Tax Rates City Tax Levy Tax Levies and Tax Collections Special Assessment Collections Revenue - Other than Property Taxes and Special Assessments Expenditures for Selected Functions Statement of Legal Debt Margin Combining Schedule of Bonds Payable Schedule of Investments Schedule of Insurance in Force Principal City. Officials. and Surety Bonds Miscellaneous Statistical Facts Page Table 1 110 -111 Table II 112 Table III 113 Table IV 114 -115 Table V 114 --115 Table VI 116 Table VII 116 Table VIII 117 Table IX 118 -123 Table X 124 -125 Table XI 126 -127 Table XI 128 -129 Table XIII 130 1976 Population 22,324 Real Property Assessed Value $67,746,917 Area -wide alloc. ------ - - - - -- 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 Per Capita Valuations Assessed Value 3,157 Market Value 9,003 ASSESSED VALUE AND MARKET VALUE OF ALL TAXABLE PROPERTY LEVY YEARS 1976 Through 1985 1977 1978 21,890 21,300 ------ - - - - -- --------- T--- $68,981,490 ($1,085,236) $ 2,641,684 $219,125,884 $ 11213,202 $ 29821,400 $ 71,151,140 $221,947,284 $ 71, 601, 406 ($1,491,381) $4,062,894 $288,4149300 $1,221,501 $2,8409700 $74,642,528 $251,741,743 :3279 :2965 3,279 10,139 -110- 3,504 11,819 1979 21,270 $73,741,181 ($1,840,970) $4,062,894 $355,767,800 $1,218,792 $298349400 $77,181,897 $291,248,700 :2650 3,629 13,693 ' Table I 1980 1981 1982 1983 1984 1985 ' 20,029 ------- - - - - -- ------- - - - - - 19,800 7 ------- - - - - -- ------- - - - - -- 19,670 ------- - - - - -- ------- - -c - -- 199560 ------- - - ---- ------- - - - - -- 19,530 ------- - - - - -- ------- - - - - -- 19,540 ------- - - - - -- ' . $85,721,087' ----- - - - - -- $96,391,052 ----- - - - - -- $104,783,933 ----- - - - - -- $105,913,390 ----- - - - - -- $108,671,288 ------- - - - - -- $113,721,411 ------- - - - --- ' ($2,000,000) ($3,908,286) ($4, 487, 006) ($5$1781793) ($4,695,234) ($4,407,361) $4,383,409 ------- - - - - -- .$8,183,307 ------- - - - - -- $10,544,639 ------- - - - - -- $12,001,080 ------- - - - - -- $13,663,552 ------- - - - - -- $14,264,696 ------- - - - - -- ' $399,395,650 ------- - - - - -- $430,688,578 ------- - - - - -- $445,177,400 ------- - - - - -- $455,177,400 ------- - - - - -- $462,786,700 ------- - - - - -- $476,771,500 ------- - - - - -- $1,295,504 ------- - - - - -- $1,344,094 ------- - - - - -- $1,333,301 ------- - - - - -- $1,426,869 ------- - - - - -- $ 1,468,268 ------- - - - - -- $1,5009988 ------- - - - - -- $3,012,800 ------- - - - - -- $3,125,800 ------- - - - - -- $3,100,700 ------- - - - - -- $3,318,300 ------- - - - - -- U,414,600 ------- - - - - -- $3,511,600 ------- - - - - -- '$89,400,000 $102,010,167 $112,174,867 $114,162,546 $119,107,884 $125,079,734 $358,780,600 $402,521,450 $433,789,278 $448,495,700 $465,201,300 $480,2283,100 ' :2492 :2534 :2586 :2545 :2560 :2604 ' 4,563 5,152 5,702 5,837 ------- - - - - -- 6,099 ------- - - - - -- 6,398 ------- - - - - -- 17,913 ----=-- - - - - -- 20,3-29 ------- - - - - -- 22,053 ------- - - - - -- 22,929 ------- - - - - -- 23,820 ------- - - - - -- 24,579 ------- - - - - -- Table II TAX RATES Years 1976 Through 1985 Ri =_ca: Year --- - - - - City -- --- - - - - -- School --- - - - - -- County --- - - - - -- Metre --- - - - - -- Other(B) --- - - - - -- -- Total - - - - -- 1976 21.75 49.16 19.73 2.73 0.69 94.06 1977 20.41 47.56 19.84 3.00 0.61 91.18 1978 25.13 46.53 28.05 2.73 0.59 94.00 1979 51.847 45.036 51.913 2.913 0.923 95.632 1980 21.101 46.757 23.349 5.990 0.839 95.006 1961 18.153 41.483 85.005 3.835 0.771 89.844 1932 17.303 48.266 24.085 3.556 0.747 93.957 1983 15.438 50156 24.492 3.877 0.576 94.539 1984 16.00 56.227 26.088 4.197 0.944 104.066 1985 16.300 50.487 23.868 4.250 1.048 95.953 (A) Determination of assessed valuation changed by state law enacted in 1971, Extra Session, Chapter 31, as amended (B) Rice i=reeR Watersied, Mosquito Control and 1/3 mill for the Housing and eoevelopment Authority -112- 1 1 1 1 1 1 1 1 1 1 Table III CITY TAX LEVY Years 1976 Through 1985 (A) The 11100,000 is far,settlement of Sullivan law suit. (B) 1r, 1577 Civil Defense Fund became a part of the General Fund. -113- City Bands Fiscal Levy General Police Fire Civil and Year _Total- --- Fund - Relief Relief Defense (B)Interest Other (A) 1976 1, 42'5, 510 896,270 66, 00te. 47,000 20, 2'40 30.0, 000 100,000 1977 1,441,044 1,069,044 66,300 47,000 35,700 223, 000 1978 i1583,156 1,188,556 78.500 47,000 8,600 260,500 1979 .1,631,606 1, c61, 108 78,500 47,000 245,000 i9 Ell 0 1, 6,:31, G08 1, 151, 808 104,000 8-J,800 290,000 i 9-6 i 1, 6-:1, 608 1, 2'45, 108 64,500 47,000 275,000 15 2 .1, 755, 284 1, -SE, 025 125,305 57} 550 220,000 .'Dv3 ..1, (40, E.2,' 1, 453, 01-3 3 92,155 55,435 140,000 1984 1,7517,487 1,617,500 - 77,313 62',673 (A) The 11100,000 is far,settlement of Sullivan law suit. (B) 1r, 1577 Civil Defense Fund became a part of the General Fund. -113- J TAX LEVIES AND TAX COLLECTIONS Years 1976 Through 1985 Collections Percentage Collection of Current of Levy of Prior ' Years Taxes Collected Year's Taxes Year Total Tax During Fiscal During Fiscal During Fiscal Total Collected --- - - - - -- Levy* Period ----- - - - - -- ----- - - - - -- Period --- - - - - -- Year - - - - - -- Collections --- - - - - -- ' 1976 1,139,240 1,117,070 98.0 18,377 1,135,447 ' 1977 p 1, 136, 825 1,123,704 98.8 22,470 1,146,174 1973 1,220,013 1,186,640 97.3 16,6S7 1,203,327 1979 1,2531S98 1,236,676 98.6 20,64S 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 39,93a 1,114j072 1982 1,262,00 1,236,497 97.9 19, 120 1,255,617 i983 1,2491602 11 208, 840 97.4 26,702 1,235,542 ' 1984 1,265,324 1,253,906 97.6 20,640 1,274,548 1985 1, 286, 626 1,256,387 97.6 25,184 1,281,571 ' * 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. 1 SPECIAL ASSESSMENT COLLECTIONS Years 1976 Through 1985 ' Percentage of Current Special Current Collected Fiscal Assessment Becoming Due Current Special During Fiscal , Period During Fiscal Period Assessments Collected Period --- - - - - -- ------------------- - - - - -- -------------- - - - - -- --------------- - ' 1976 1071784 60,320 56.0% 1977 114,673 70,635 61.6/ 1978 107,S35 68, 029 63.2% 1979 160,087 110,534 69.0% ' 1980 129,773 70,627 54.4% 1981 190,708 102,985 54.0% 1982 217,927 107,932 49.5% ' 1983 285,00 150,561 52.7% 1984 299,748 1861 870 62.3% 1985 236,686 126,759 53.9% ' ' Ratio of Total ' Collections To Tax Levy ' .9965:1 1.0082:1 .9863:1 ' 1. 00'29 : 1 .9940:1 1.0217:1 ' .9913 :1 .9959;1 .9916:1 .9961:1 1 'Delinquent specials Collected During Fiscal Period (A) -------- - - - - -- Accumulated Delinquent -- Taxes -- 70,606 59,211 64,87 31,977 18,864 25,547 12,888 49,644 36,290 51,764 Total Special Assessments Delinquent At End of Fiscal Period ----------------- - -- - -- Rat i o Accumulated Delinquent Taxes to Current Year Tax -Levy- . 0169:1 . 0520:1 0527:1 . 0255:1 . 0163:1 . 0234:1 . 0102:1 . 0400:1 .02823:1 .04023:1 Table IV Table V Deferred special Assessments Collected Balance Fund Fiscal Period of Fiscal Period ---------------------------- - - - - -- 67,434 111,221 206,197 388,565 65,345 45 98, 553 104,930 38S,481 ' 46,218 66,142 1559037 436,962 439693 71, 605 78,080 411,494 41,215 87, 5l 2 136,281 602,047 70,016 111,314 287,194 509,999 94,298 94,702 301,367 1,335,493 134 298 152,744 313,682 1,048,215 119,372 154,154 236,474 857,906 140,515 135,031 92,257 640,691 (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. ' -115- Table VI REVENUES -OTHER THAN PROPERTY TAXES AND SPECIAL ASSESSMENTS Years 1976 Through 1985 (B) The Years 1976 -1984 include Refuse Collection and Disposal 1 1 -116- Charges for Licenses (A) Fiscal Revenues from Use of Noney Service and and Fines and Profits of ' Year Other Agencies and Property Other Revenue Permits Forfeitures proprietaries - - - - - -- -------- - - - - -- ---- - - - -j - ------- - - - - -- ----- - - - - -- ----- - - - --- - - -- -261 ._ , 1'77? 1,635,915 172,632 295,683 9 62,079 47,096 9 837 1977 1, 883, 7 56 i44,293 342,277 71,226 50,406 128,169 1978 2,059,462 135,292 313,456 76,870 38,191 106,014 , 1979 2,09S,084 179,135 369,891 7S,164 49,067 32,521 1980 2,272,119 474,873 419,930 68,710 72,274 106,845 1981 2,857,636 966,076 997,236 104,027 67,301 835,981 1982 2,310,131 545,081 1,24S,375 148,773 47,073 444,962 , S3 2,9901623 530,037 1,009,35S 156,410 51,870 693,691 1964 2,47q,131 602,397 S02,756 215,942 51,009 694,436 1985 2,625,357 645,183 637,192 139,470 104,741 675,137 , (A) The Years 1976 -77 do not include depreciation for Sewer and Water Funds. Table' VII t EXPENDITURES FOR SELECTED FUNCTIONS Years 1976 Through 1985 (B) Fiscal General. Public Public Sani- Parks and Year Government Safety Works tation Library Recreation - - - - - -- -------- - - - - -- ---- - - - - -- ------- - - - - -- ----- - - - - -- ----- - - - - -- ---------- 1976 374,191 875,714 511,377 227,055 103,280 512, 066 1977 406,864 981,053 577,072 233,598 109,635 537,332 1973 424,527 1,070,279 606,541 246,957 121,968 676,027 ' 1979 460,152 1, 160, 243 515,417 255,693 143,01e 547,525 1980 516,593 1, 315, 826 566,643 268,793 163,801 622.154 1981 53S,618 1,300,692 576,754 3361997 168,440 652:, 611 ' 1982 536,804 1,454,404 581,121 403,670 16S,343 634,395 1983 548, 977 1,537,897 561,632 430,126 265,803 625,030 1984 563,717 1,654,871 645,265 450,010 212,379 753,430 1985 832,847 1,776,721 702,942 4,097 221,532 790,446 (B) The Years 1976 -1984 include Refuse Collection and Disposal 1 1 -116- Table VIII ` S�ATEnEx� OF �EBAL DEBT MARG-TN December- 31, 1985 Assessed Value 125,079, 734 Ds�:t Limit 7-1/3% of Assesseo Value'�.wcte A) 9,168,345 Amount o' Dett Limit to Debt Limit: Total uonced debt 13,785,000 Less mote B: iax 1,325,000 Special Assessment Boncis 2,460,000 13,785,000 ----------- ----------- Total Debt to Debt Limit -0- �� Legal Deot itliargin 9,168,345 ============ ` Note (A)/ M.S.A. Sectior 475.53 L-imit on Net Dent) m� Subtivisiox I. Generally. Except as otherwise provided in sections 475.51 to to 475.75, no pality, exce�t a scnool district or a city of t�e ' first Cie-_S. snall i7_'ur a, be subject to a net debt zn excess of 7-1/3 percent of t�e assesseo value." ._ Note (B) ^ ' M.S'A. Sect ion 475.5l Defznitions: S u t r-iv.1szon 4' ":,�et cjent^ means t:e amount remaining after deducting ' frcs its or�ss: 'cent the amoXnt oz current revenues which are applicable within w�tn�u trie current fisz-al year to tris payment of any debt and the aggregate of tne Drincipal of trie followinzj: ' (l� CLligat:ons -ssuec for improvements wiich are payaole wholly or partly from the orbceeos of special assessments levied upon proPerty specially benefited tnereDy, including tnose which are general ooligaticnS of the ssuiny them, if the municipality is entiItle� to reimbursement in wnole or in part from the proceeds of the special assessments. (2) warrents or, orcers 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, arid public lighting, heating or power �= systems,and of any comuination thereof orfor any other public convenience from which a revenue can 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 face value of all securities held as a debt service fund for the extinouishment of obligations other than those those deductible under this subdivision. (8) All other obligations which under the provisions of law authorizing their issuance are not to be included in computing the net debt of the municipality. ' -]]�- COMBINING SCHEDULE'OF BONDS PAYABLE December 31, 1985 Interest Rates and Issue Dates Date SPECIAL ASSESSMENT BONDS: Permanent Improvement Revolving Bonds of 1984 --------------------------------------- - - - - -- Maturity Date 6 \1 \84 3 \1 \96 Bonds maturing on or after March 1, 1989 callable in inverse order at 100% of their principal accrued interest Advanced Refunding on 9/1/85 General Obligation Refunding Bonds of 1985 --------------------------------------------- - - - - -- Bonds issued for the purpose of refunding in 5.25% 3/1 -9/1 9/1/85 advance of maturity the outstanding principal 6.00% amount of the Permanent Improvement Revolving 6.50% Bonds of 1964. 7.00% 7.20% All bonds maturing on or after March 1,1988 being 7.40% subject to redemption at the option of the 7.60% Issuer on March 1, 1987 and any interest payment 7.80% date thereafter at par and accrued interest. 8.00% 8.20% 8.40% Total Permanent Improvement Bonds -118- 3/1/96 Annual ' Orginal Serial Balance Issue Payments 1 -1 -85 Sold Retired ' ------- - - - - -- ---- - - - - -- ----- - - - - -- ----- - - - - -- - - - - -- $ - Table IX Interest Balance Paid in 12 -31 -85 Cur.Year $2,600,000 $ - $352,692 $2,460,000 $ - $2,460,000 $ - ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- --- - - - - -- $2,600,000 $2,460,000 $2,600,000 $2,460,000 $352,692 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- --- - - - - -- 1, I! I�. i -119- $2,460,000 $70,000 (86) $ 195,000 205,000 (87) (88) 220,000 (89) 230,000,(90) 245,000 (91) 260,000 (92 ) 280,000 (93) 300,000 (94) ' 325, 000 (95) 130,000 (96 ) Table IX Interest Balance Paid in 12 -31 -85 Cur.Year $2,600,000 $ - $352,692 $2,460,000 $ - $2,460,000 $ - ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- --- - - - - -- $2,600,000 $2,460,000 $2,600,000 $2,460,000 $352,692 ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- --- - - - - -- 1, I! I�. i -119- COMBINING SCHEDULE OF BONDS PAYABLE December 31, 1985 Tax Increment Bonds of 1980 --------------------- - - - - -- Bonds maturing in 1991 and later years will be subject to redemption and prepayment at the option of the city in inverse order of serial numbers on March 1, 1990 Tax Increment Bonds of 1984 --------------------- - - - - -- Bonds maturing on or after March 1, 1993 will be subject to redemption and prepayment at the option of the City in inverse order, on March 1, 1991 and any interest payment date thereafter at 100% of their principal plus accrued interest. -1 2o- Interest Rates and Issue Maturity Dates Date Date ------ - - - - -- --------- •--- - - - - -- 8.00% 3/1 -9/1 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.10% 8.35% 8.40% 8.50% 8.60% 8.75% 8.75% 7.00% 3/1 -9/1 7.40% 8.00% 8.35% 8.50% 8.75% 9.00% 9.30% 9.40% 9 \1 \80 3 \1 \03 6/1/84 3/1/94 ' Table IX 'Orginal. Annual Serial Balance Balance Interest Paid in Issue ----- - - - - -- Payments ----- -_ - -- 1 -1 -85 Sold ----- - - - - -- --- - - - Retired - -- --- - - - - -- 12 -31 -85 ----- - - - - -- Cur.Year --- - - - - -- $8,175,000 $8,155,000 $ - $ - $8,155,000 $671,350 140,000 (86) 190,000 (87) ' 2509000 (88) 300,000 (89) 350,000 (90) ' 425,000 (91) 475,000 (92) 525,000 (93) ' 550,000 (94) 650,000 (95) 700,000 (96) 700,000 (97) ' 700,000 (98) 700,000 (99) 700,000 (00) ' 700,000 (01) 100,000 (02) ' $1, 070, -000 $1,070,000 $ - $ - -- 41;070, 000 $114, 044 $ 90,000 (86) ' 95,000 (87) 100,000 (88,) 105,000 (89) ' 115,000 (90) 125,000 (91) 135,000. (92) 145,000 (93) ' 160,000 (94) -121- COMBINING SCHEDULE OF BONDS PAYABLE (Continued) December 31, 1985 Interest Rates and Issue Maturity Dates Date Date ------ - - - - -- --- - - - - -- --- - - - - -- Tax Increment Bonds of 1985 9/1/85 3/1/02 --------------------- - - - - -- 5.25% 3/1 -9/1 6.00% Bonds maturing on or after March 1, 1992 6.50% will be subject to redemption and pre- 7.00% payment at the option of the Issuer in 7.20% inverse order of serial numbers, on 7.40% March 1, 1991 and any interest payment date 7.60% thereafter at a price equal to par plus 7.80% accrued interest to the date of 8.00% redemption. 8.20% 8.40% 8.60% 8.80% 9.00% 9.00% 9.00% 9.00% Total General Obligation Bonds Total Bonds Payable - All Funds -122- ' Table IX Annual Interest 'Orginal Serial Balance Balance Paid in Issue Payments 1 -1 -85 Sold Retired 12 -31 -85 Curr.Yr. ' $2,100,000 $ - $2,100,000 $ - $29100,000 $ - $ 50, 000 (86) 501000 (87 ) ' 50,000 (88) 50,000 (89) 509000 (90) ' 50,000 (91) 55,000 (92 ) 55,000 (93) 55,000 (94 ) 100,000 (95) 150,000 (96) 175,000 (97) ' 240,000 (98) 240,000 (99) 240,000 (00) ' 2409000 (01) 250,000 (02) ' ------ - - - - -- $9,225,000 ----- - - - - -- $2,100,000 ----- --- - -- $ - ------ - - - --- $1193259000 - - ---- $7859394 - -- ' $1198259000 $4,560,000- $2,6009000- $13,785,000- $1,138,086 -i23 SCHEDULE OF INVESTMENTS December 31, 1985 ' -124- !l YIELD DATE MATURITY PAR , ACQUIRED DATE VALUE ---- Repurchase Agreement - - - - -- 7.50 ------ - - - - -- 12/30/85 ---= - - - - -- 01/01/86 --------------- 567,856.01 ' MONEY MARKET 6.45 12/30/85 01/01/86 6,844.48 U.S. Treasury Bill 7.39 10/31/85 01/30/86 765,000.00 Fannie Mae 7.45 12/09/85 02/19/86 265,000.00 Commercial Paper 7.94 12/03/85 02/21/86 1,000,000.00 Fannie Mae 7.45 12/09/85 02/25/86 735, 000.00 Federal Farm Credit Banks Federal Farm Credit Banks 7.80 8.22 09/30/85 10/01/85 03/07/86 03/24/86 700,000.00 835,000.00 , Commercial Paper 8.12 10/17/85 04/15/86 500,000.00 Commercial Paper 7.95 11/26/85 05/23/86 1, 000, 000.00 Commercial Paper 8.01 12/09/85 06/06/86 1,000,000.00 ' Certificate of Deposit 12.13 08/22/83 08/22/86 100,000.00 Certificate of Deposit 13.10 06/22/84 12/08/86 100,000.00 Certificate of Deposit 13.00 04/02/84 08/24/87 100,000.00 Fannie Mae 8.69 11/08/85 11/10/87 1,000,000.00 ' Certificate of Deposit 12.05 04/26/84 11/16/87 100,000.00 Certificate of Deposit 12.05 04/26/84 11/23/87 100,000.00 Certificate of Deposit 12.15 04/26/84 12/07/87 100,000.00 ' Certificate of Deposit 11.35 02/02/84 03/09/88 100,000.00 Federal Home Loan Banks 11.90 03/26/84 03/25/88 100,000.00 Certificate of Deposit 11.90 09/19/83 09/19/88 100,000.00 Certificate of Deposit 11.15 10/20/83 09/28/88 100,000.00 ' Fannie Mae 9.45 07/18/85 06/12/89 500,000.00 Fannie Mae 9.73 06/17/85 11/12/90 1,000,000.00 Certificate of Deposit 14.25 05/18/84 10/03/94 100,000.00 , Ginny Mae 7.58 12/30/85 03/01/06 178,098.52 --------- - - - - -- -11, 152, 799_01- ' Receivable from American - HRA Investments --------- -- - - -- t 11, 152, 799.01 -124- !l ITable X UNAMORTIZED ACCRUED PREMIUM INTEREST BOOK ' (DISCOUNT) VALUE -------- - - - - -- -------- - - - - -- -------- 0.00 - - - - -- 0.00 j 567, 856.01 ' 0.00 0.00 6,844.48 0.00 9,277.06 760, 431.41 0. @0 1, 189.96 262, 296.3@ 0.00 6,068.51 988, 735.28 0.00 3,300.45 726, 588.43 0.00 13, 762.19 689, 798.86 0.00 16,467.11 819, 987.61 ' 0.00 8,017.11 488, 517. 11 0.00 7,334.94 969, 509.94 0.00 4,643.10 966, 356.99 ' 0.00 4,176.87 104, 176.87 (1,365.52) 1,684.77 100, 319.25 1,912.25 4,296.72 106, 208.98 ' 30,517.90 15, 120.83 1, 045, 638.73 (1,737.94) 1,964.62 100, 226.68 (1,351.98) 7,346.70 105, 994.72 (1,363.62) 1, 130. 17 99, 766.55 ' (1,468.47) 3,880.79 102, 412.32 0.00 3,186.89 103, 186.89 0.00 3,306.56 103, 306.56 ' 192.48 1,695.45 101, 887.93 552.19 2,902.82 503, 455.01 43, 040.94 15, 744.44 1, 058, 785.38 ' 2,026.90 11745.89 103, 772.79 0.00 0.00 178, 098.52 ' 70, 955.12 -------- 138, 243.98 - - - - -- 11, 164, 159.61 -------- - - - - -- -------- - - - - -- - - 4,248.39 - - 717, 122.64 -------- - - - - -- -------- - - - - -- -------- 70, 955. 12 - - - - -- 138, 243.98 11, 885, 530.64 -125- SCHEDULE OF INSURANCE IN FORCE December 31, 1985 iype of Coverage Police Period Building from to or Structure Contents All Risk Coverage under the Public and Institutional Property Policy 2 \13 \85 2 \13 \86 (90% Coinsurance -$500 Deductible) 40th Avenue Liquor Store $709 ,00 90,90 Univ. Ave. Liquor Store 00 Central Ave. Liquor Store 400,000 $560,000 ssmssssss (90% Coinsurance -$500 Deductible) - City Hall $1,744,368 $3359221 Library 650,044 2809242 City Garage 1,7399353 134,888 Liquor Store -40th Ave. 1049360 119261 Liquor Store - University Ave. 1611261 179852 Liquor Store - Central Ave. 59800 2009800 Community Center 889,494 469386 Parks (11) 11458,853 Well House - LaBelle Park 159836 2369322 Lift Stations (3) 79 +866 Water Tower 3469649 Pump Stations (2) 93,110 779831 Warehouse- Cement 49,825 11842 Warehouse -Metal 129553 Water Meter Vault 119012 59028 Tema House 229856 $793849440 $193449473 = = = = = = ==ss smssssssss ($250 Deductible) Personal property consisting of road construction egipment, maintenance equipment, and other equipment stored in municipal buildings $19245,064 ($100 Deductible Fire only) Personal property consisting of Fire Department equipment $ 75,228 -126- Table XI Policy Period ' Type of -------- _Coverage From To Boiler explosion 1 \1 \85 12 \31 \85 $100,000 per accident ' Workers Compensation 1 \1 \85 12 \31 \85 Statutory Comprehensive Auto Lib. 2 \13 \85 2 \13 \86 Bodily Injury $500, 000 ' Property Damage $500,000 ' Uninsured Motorists $50,000 Automotive Physical Damage $360,000 $500 Deduct. Liquor Gross Earnings 2 \13 \85 2 \13 \86 Avenue Store $40,000 '40th Univ.Avenue Liq.Store $40,000 ' Central Ave.Liquor Store $130,000 Comprehensive Gen.Liab. 2 \13 \85 2 \13 \86 Bodily Injury $500,000 ' Property'Damage $500,000 $250 Deduct. Statuary Liq.Legal Liab. 2 \13 \85 2 \13 \86 $500,000 Public Official Liab. 2 \13 \85 2 \13 \86 $1,000,000 ' Umbrella Liability 6 \9 \85 6 \9 \86 $5,000,000 $10,000 Retention The comprehensive general liability — includes the following additional coverages: (a) Personal injury,eoverage to include false arrest, libel, slander, wrongful entry or eviction invasion of right of privacy (b) Loss of business income 'or (c) All employees as additional insureds (d) Comprehensive glass and neon sign breakage (e) Miscellaneous property floater. -127- TABLE XII .MISCELLANEOUS STATISTICAL FACTS (Continued) Fire Protection: Number of Stations I Number of Employees: Full Time 8 Volunteer 27 Police Protection: Number of Stations 1 Number of Employees 22 Parks: City Parks 13 Playground 11 County Park 1 Schools: Senior High 1 Junior High 1 Elementry 3 Prochial Elementary 1 Employees: (as of December 31, 1985) Regular 103 Part Time and Temporary 393 496 Elections: Registered voters - last city general election 12,560 Number of votes cast last city general election 3,413 Percentage of registered voters voting 27% 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 19,84 19,530 1985 19,540 =l 28- i Table XII PRINCIPAL CITY OFFICIALS AND SURETY BONDS Year Ended December 31, 1985 Name Official Title - - -- -------- - - - - -- Mayor and Council: Bruce G. Nawrocki Mayor Russell D. Paulson Councilmember Rita M.Petkoff Councilmember Edward M. Carlson Councilmember Gary L. Peterson Councilmember Administration: Robert S. Bocwinski City Manager Linda Magee Administrative Assistant William Elrite City Clerk- Treasurer - Finance Director- Liquor Operations Mgr. Ronald Kalina City Attorney Fred Salsbury Public Works /Director /City Engineer Stuart Anderson Chief of Police Donald Johnson Chief of Fire LeRoy Goranson Building - Inspector Martin Gavic Plumbing Inspector Donald Weinand Electrical Inspector Donald Jolly Superintendent of Public Works John Tiggas Recreation and Community Services Director Rebecca Loader Librarian The City has a $100,000 Faithful Performance Blank Position Bond on all City Employees. -129- Table XIII MISCELLANEOUS STATISTICAL FACTS 1985 Date of Incorporation March 14, 1989 Date of Adoption of City Charter July 21, 1921 Form of Government Council- Manager Fiscal Year Begins January 1 Area of City 3.52 Square Miles Miles of Streets and Alleys: Trunk Highways 3.0 County 6.2 City Streets 61.8 Alleys 18.9 Miles of Sewers: Storm Sewers 33.6 Sanitary Sewers 55.0 Watermain Miles 66.1 Building Permits: 1976 595 1977 658 1978 687 1979 663 1980 555 1981 644 1982 519 1983 540 1984 525 1985 508 Estimated Cost: 1976 3,412,415 1977 4,701,644 1978 6,996,678 1979 3,316,115 1980 3,264,460 1981 8,822,479 1982 13,757,934 1983 7,829,198 1984 12, 059, 779 1985 4,938,226 -130- ' To the Honorable Mayor and Members of the City Council City of Columbia Heights, Minnesota Revenue Sharing Account No. 24 -2- 002 -006 ' We have examined the combined financial statements of the City of Columbia Heights, Minnesota for the year ended December 31, 1985, and 'have issued our report thereon dated April 7, 1986. 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 circum- stances. In connection with our examination, we also (1) performed tests of 'compliance with the Revenue Sharing Act and Regulations as detailed in the "Commentary on the Audit Requirements of the 1980 Amendments to the State and Local Fiscal Assistance Act" issued by the Office of Revenue Sharing, U.S. Department of the Treasury, and (2) compared 'the data on the appropriate Bureau of Census form with the audited records of the City of Columbia Heights, Minnesota. In our opinion, for the items tested, the City of Columbia Heights, Minnesota complied with the aforementioned provisions of the Revenue Sharing Act and Regulations except for the following: ' Although the City published the enacted budget in the local newspaper, a notice as to where the budget was on display or available for inspection was not included. �►'� - A ' .June 27, 1986 ' -131- ' MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS BERGREN, HOLMGREN & LOBERG, LTD. A PARTNERSHIP INCLUDING AN ACCOUNTANCY CORPORATION CERTIFIED PUBLIC ACCOUNTANTS OFFICES IN: ' Burnsville, N NO. ST. PAUL, MN 55109 St MN 2534 E. 7TH AVE. New Prague, MN PHONE (612) 777 -1331 ' To the Honorable Mayor and Members of the City Council City of Columbia Heights, Minnesota Revenue Sharing Account No. 24 -2- 002 -006 ' We have examined the combined financial statements of the City of Columbia Heights, Minnesota for the year ended December 31, 1985, and 'have issued our report thereon dated April 7, 1986. 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 circum- stances. In connection with our examination, we also (1) performed tests of 'compliance with the Revenue Sharing Act and Regulations as detailed in the "Commentary on the Audit Requirements of the 1980 Amendments to the State and Local Fiscal Assistance Act" issued by the Office of Revenue Sharing, U.S. Department of the Treasury, and (2) compared 'the data on the appropriate Bureau of Census form with the audited records of the City of Columbia Heights, Minnesota. In our opinion, for the items tested, the City of Columbia Heights, Minnesota complied with the aforementioned provisions of the Revenue Sharing Act and Regulations except for the following: ' Although the City published the enacted budget in the local newspaper, a notice as to where the budget was on display or available for inspection was not included. �►'� - A ' .June 27, 1986 ' -131- ' MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS