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COMPREHENSIVE
ANNUAL
FINANCIAL REPORT
CITY OF COLUMBIA HEIGHTS
MINNESOTA
For the fiscal year ended
December 31, 1988
Prepared by:
Department of Finance
William Elrite, Director
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the fiscal year ended December 31, 1988
TABLE OF CONTENTS
Exhibit No.
Page No.
INTRODUCTORY SECTION
Letter of Transmittal
1
List of Principal Officials
7
Organizational Chart
9
FINANCIAL SECTION
Independent Auditor's Report
General Purpose Financial Statements;
Combined Balance Sheet - All Fund
Types and Account Groups
1
14
Combined Statement of Revenues,
Expenditures and Changes in Fund
Balances - All Governmental Fund
Types and Expendable Trust Fund
2
16
Combined Statement of Revenues,
Expenditures and Changes in Fund
Balances - budget and Actual -
General, Special Revenue and Debt
Service Funds
3
18
Combined Proprietary Fund Types -
comparative Balance Sheets
4
20
Combined Proprietary Fund Types -
Comparative Statements of Revenues,
Expenses and Changes in Retained
Earnings
5
21
Combined Proprietary Fund Types -
Comparative Statements of Changes
in Financial Position
6
22
Housing and Redevelopment Authority -
Combined Statement of Revenues,
Expenditures and Changes in Fund
Balances - All Governmental Fund Types
7
23
Notes To The Financial Statements
25
Combining, Individual Fund and Account Group
Statements and Schedules:
General Fund:
Comparative Balance Sheet
A- 1
55
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
A- 2
56
Exhibit No. Page No.
General Fund Continued:
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
A- 3
57
Special Revenue Funds:
Combining Balance Sheet
B- 1
60
Combining Statement of Revenues,
Expenditures and Changes in Fund
Balances
B- 2
62
Revenue Sharing Fund:
Comparative Balance Sheet
B- 3
64
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B- 4
65
Comparative Statements of Revenues,
Expenditures and Changes in' Fund
Balances - Budget and Actual
B- 5
66
Municipal State Aid Fund:
Comparative Balance Sheets
B- 6
67
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B- 7
68
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B- 8
69
Cable Television Fund:
Comparative Balance Sheets
B- 9
70
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -10
71
Comparative Statements of Revenues,
Expenditures and changes in Fund
Balances - Budget and Actual
B -11
72
Paratransit Fund:
Comparative Balance Sheets
B -12
73
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -13
74
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -14
75
Recreation and Community Services:
Comparative Balance Sheets
B -15
76
Comparative Statements of Revenues,
Expenditures and Changes in
Fund Balances
B -16
77
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Exhibit No. Page No.
Balances - Budget and Actual
B -17
78
Recreation and Community Services Fund:
Comparative Balance Sheets
B -18
79
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -19
80
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -20
81
Trips and Outings Fund:
Comparative Balance Sheets
B -21
82
Comparative statements of Revenues,
Expenditures and changes in Fund
Balances
B -22
83
Comparative Statements of Revenues,
Expenditures and changes in Fund
Balances - Budget and Actual
B -23
84
Senior Citizens Fund
Comparative Balance Sheets
B -24
85
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -25
86
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -26
87
Early Childhood and Family Education:
Comparative Balance Sheet
B -27
88
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -28
89
Comparative Statements of Revenues,
Expenditures and changes in Fund
Balances - Budget and Actual
B -29
90
Adventure Club Fund:
Comparative Balance Sheets
B -30
91
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -31
92
Comparative Statements of Revenues;
Expenditures and Changes in Fund
Balances - Budget and Actual
B -32
93
Adult Basic and Continuing Education Fund:
Comparative Balance Sheets
B -33
94
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -34
95
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -35
96
Exhibit No.
Page No.
McKnight Grant Fund:
Comparative Balance Sheets
B -36
97
Comparative statements of Revenues,
Expenditures and Changes in Fund
Balances
B -37
98
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -38
99
Special Projects Fund:
Comparative Balance Sheets
B -39
100
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -40
101
Comparative Statements of Revenues,
Expenditures and changes in Fund
Balances - Budget and Actual
B -41
102
Incentive Grant Fund
Comparative Balance Sheets
B -42
103
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -43
104
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -44
105
Public Information and Education Grand:
Comparative Balance Sheets
B -45
106
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -46
107
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -47
108
Demonstration Grant Fund:
Comparative Balance Sheets
B -48
109
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
B -49
110
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
B -50
111
Debt Service Fund:
Comparative Balance Sheets
C- 1
113
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances
C- 2
114
Comparative Statements of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
C- 3
115
Exhibit No. Page No.
i
Capital Project Funds:
Combining Balance Sheets
D-
1
118
Combining Statements of Revenues,
Expenditures and Changes
in fund
Balances
D-
2
120
Enterprise Funds:
Combined Enterprise Funds
- Comparative
Balance Sheets
E-
1
123
Combined Enterprise Funds
- Comparative
Statements of Revenues,
Expenses and
Changes in Retained Earnings
E-
2
124
Combined Enterprise Funds
- Comparative
Statements of Changes in Financial
Position
E-
3
125
Water Utility Enterprise Fund:
Comparative Balance Sheets
E-
4
126
Comparative Statements of
Changes in
Financial Position
E-
5
127
Comparative Statements of
Revenues
Expenditures and Changes
in Retained
Earnings
E-
6
128
Sewer Utility Enterprise Fund:
Comparative Balance Sheets
E-
7
129
Comparative Statements of
Revenues,
Expenses and Changes in
Retained
Earnings
E-
8
130
Comparative Statements of
Changes
In Financial Position
E-
9
131
Refuse Utility Enterprise Fund:
Comparative Balance Sheets
E -10
132
Comparative Statements of
Revenues,
Expenses and Changes in
Retained
Earnings
E -11
133
Comparative Statements of
Changes
In Financial Position
E -12
134
Liquor Utility Enterprise Fund:
Comparative Balance Sheets
E -13
135
Comparative Statements of
Revenues,
Expenses and Changes in
Retained
Earnings
E -14
136
Comparative Statements of
Changes
In Financial Position
E -15
137
Internal Service Fund:
Central Garage Internal Service
Fund:
Comparative Balance Sheets
F-
1
139
Comparative Statements of
Revenues,
Expenses and Changes in
Retained
Earnings
F-
2
140
Comparative Statements of
Changes
Exhibit No
In Financial Position
F- 3
Trust & Agency Funds:
Combining Balance Sheet
G- 1
Insurance Trust Fund - Comparative
Statement of Revenues, Expenditures
and Changes in Fund Balance
G- 2
Deferred Compensation Agency Fund -
Statement of Changes in Asset and
Liability
G- 3
Escrow Agency Fund -
Statement of Changes in Asset and
Liability
G- 4
Permit Surcharge Agency Fund -
Statement of Changes in Asset
Liability
G- 5
Housing and Redevelopment Authority:
Combined Balance Sheet - All Fund
Types and Account Groups
H- 1
Combined Statement of Revenues,
Expenditures and Changes in Fund
Balances - Budget and Actual
H- 2
Special Revenue Funds:
Combining Balance Sheet
H- 3
Combining Statement of Revenues,
Expenditures and Changes in
Fund Balance
H- 4
General Fixed Assets - Group of Accounts;
Comparative Schedule of General Fixed
Assets by Source
I- 1
General Long -Term Debt - Group of Accounts
Statement of General Long -Term Debt
J- 1
Schedule of Funding Available and
Funds Required
J- 2
Schedule of Debt Service Requirements
to Maturity
J- 3
STATISTICAL SECTION: Table No.
Assessed Value and Market Value of All
Taxable Property 1
Tax Rates 2.
City Tax Levy 3
Tax Levies and Tax Collections 4
Page No.
141
143
144
145
146
147
150
152
154
154
157
159
160
161
Page No.
164
166
167
168
STATISTICAL SECTION (Continued):
Exhibit No.
Page No.
Combining Schedule of Bonds Payable
9
173
Principal City Officials
10
180
Miscellaneous Statistical Fact
11
181
SUPPLEMENTAL INFORMATION:
Schedule of Sources and Uses of
Public Funds for Housing and Redevelop-
ment Authority Tax Increment Financing
Districts
K- 1
183
Note - Sources of Funds
K- 2
184
SINGLE AUDIT SECTION:
Schedule of Federal Funding
L- 1
185
Compliance Report Based on an
Examination of General Purpose
Financial Statements
L- 2
187
Auditor's Report on Internal
Accounting Controls based solely on
a study and evaluation made as a part
of an examination of the General
Purpose Financial Statements, and the
Combining Individual Fund and Account
Group Financial Statements, and
additional tests required by the Single
Audit Act
L- 3
189
Report on Internal Controls (Accounting
and Administrative) -
.Based on a study and evaluation made as
part of an examination of the General
Purpose Financial Statements and the
Combining Individual Fund and Account
Group Financial Statements, and additional
tests required by the Single Audit Act.
L- 4
191
Report on Compliance with laws and
regulations related to Major and
Nonmajor Federal Financial Assistance
Plans
L- 5
194
CITY OF COLUMBIA HEIGHTS
'
590 40th Avenue N. E.
Columbia Heights, MN 55421 -3878
'
(612) 788 -9221
June 30, 1989
Mayor
Dale V. Hadtrath
To The Citizens of Columbia Heights
Councilmembers
Mayor and Council Members
Gary L. Peterson
City Manager:
Rita M.Petkoff
'Edward M. Carlson
The comprehensive annual financial report of the City of Columbia
Russell D. Paulson
Heights for the fiscal year ended December 31, 1988, is hereby
City Manager
submitted. Responsibility for both the accuracy of the data, and the
Robert S.Bocwinski
completeness and fairness of the presentation, including all
disclosures, rests with the government. To the best of our knowledge
and belief, the enclosed data are accurate in all material aspects and
are reported in a manner designated to present fairly the financial
.position and results of operations of the various funds and account
groups of the government. All disclosures necessary to enable the
reader to gain an understanding of the City's financial activities
have been included.
The comprehensive annual financial report is presented in four
sections: introductory, financial, statistical and single audit. The
'
introductory section includes this transmittal letter, the City's
organizational chart and a list of principal officials. The financial
section includes the general purpose financial statements and the
combining and individual fund and account group financial statements
'
and schedules, as well as the auditor's report on the financial
statements and schedules. The statistical section includes selected
financial and demographic information, generally presented on a multi
year basis.
The City is required to undergo an annual single audit in conformity
with the provisions of the Single Audit Act of 1984 and U.S. Office of
'
Management and Budget Circular A -128, Audits of State and Local
Governments. Information related to this single audit, including the
schedule of federal financial assistance, findings and recommendation,
and auditor's reports on the internal control structure and compliance
'
with applicable laws and regulations, are included in the single audit
section of this report.
'
This report includes all funds and account groups of the City. The
City provides a full range of services. These services include police
and fire protection; sanitation services; the construction and
maintenance of highways, streets, and infrastructure; recreational
'
activities and cultural events. In addition to general government
activities, the governing body exercises, or has the ability to
exercise, oversight of the Housing and Redevelopment Authority;
therefore, this activity is included in the reporting entity.
However, Independent School District #13 has not met the established
criteria, and accordingly is excluded from this report.
1
'
"SERVICE IS OUR BUSINESS" EQUAL OPPORTUNITY EMPLOYER
ECONOMIC CONDITION AND OUTLOOK
The financial position of the City has remained sound over the past year, with
actual results exceeding original estimates. the financial outlook for the
future also looks good considering our stable condition.
MAJOR INITIATIVES
The City of Columbia Heights is an older metropolitan community and with the
help of the Housing and Redevelopment Authority has been successful in
attracting many redevelopment projects to the City in the past, and for the
future. During 1988, Columbia Square a 32,400 foot commercial redevelopment
project opened. This development includes retail and office warehouse space.
Value Village'Development, a 40,000 square foot commercial development was
begun during 1988. Tentative opening of this development, which will house
several retail establishments, will be spring, 1989.
A multi -use redevelopment plan for the City's industrial areas was drafted
during the year. Tentative plans include market rate apartments, senior
housing and a business park. This project will be implemented in 1989.
In keeping with the external revitalization of the community, the City has been
making plans for its own infrastructure improvements. Over the years, fund
balances have been building in anticipation of this reinvestment that should
increase the efficiency of internal staff along with improved accessibility and
efficiency in serving the public.
In April, 1988, an architectural /engineering firm was hired to correct various
electrical, mechanical and roofing problems at the City Hall, Municipal
Services Center and library. By the.close of 1988, new roofing had been
completed at the Library and Municipal Services Center. The remainder of the
work, that being electrical and mechanical improvements at the Municipal
Services Center, Library and City Hall, along with roofing at City Hall, was to
be bid out and awarded in early 1989.
During 1988, the City Council approved the purchase of a new computer system
from Business Records Corporation for maintaining financial records. The
City's previous system had several deficiencies in reporting, ease of operation
and dependability. Total conversion of the data processing system is scheduled
to be completed in July, 1989.
During the past year, Liquor Operations underwent significant change. Early in
the year our store at 53rd and University was closed for three weeks to allow
for a complete remodeling. No upgrading of the store had taken place for over
20 years. It was felt that this store had great potential, which made the cost
of remodeling a worthwhile expenditure. As of the end of 1988, this newly
remodeled store has shown a sales growth that is continuing at a healthy
percentage to meet our expectations.
Our plans to remodel also included the decision to close our small liquor store
at 40th.and University Avenue NE. This store was far too small to make an
attempt to upgrade, as we did to the store at 53rd and University. It was felt
that by closing the small store, the other two stores would retain those
customers that normally would shop at the small store. The retail location
that was closed will be sold sometime in 1989.
2
FINANCIAL INFORMATION
' Management of the City is responsible for establishing and maintaining an
internal control structure designed to ensure that the assets of the government
are protected from loss, theft or misuse and to ensure that adequate accounting
data are compiled to allow for the preparation of financial statements in
conformity with generally accepted accounting principles. The internal control
structure is designed to provide reasonable, but not absolute, assurance that
' these objectives are met. The concept of reasonable assurance recognizes
that: (1) the cost of a control should not exceed.the benefits likely to be
derived; and (2) the valuation of costs and benefits requires estimates and
judgments by management.
Single Audit. As a recipient of federal, state and county financial
assistance, the City is also responsible for ensuring that an adequate internal
' control structure is in place to ensure compliance with applicable laws and
regulations related to those programs. This internal control structure is
subject to periodic evaluation by management of the City.
' As part of the City's single audit, described earlier, tests are made to
determine the adequacy of the internal control structure, including that
portion related to federal financial assistance programs, as well as to
determine that the City has complied with applicable laws and regulations. The
results -of the City's single audit for the fiscal year ended December 31, 1988,
provided -no instances of material weaknesses in the internal control structure
or significant violations of applicable laws and regulations.
Budgeting Controls. In addition, the City maintains budgetary controls. The
.- objective of these budgetary controls is to ensure compliance with legal
provisions embodied in the annual appropriated budget approved by the City
Council. Activities of the general fund, special revenue funds and debt
service -fund are included in th annual appropriated budget. The level of
budgetary control (that is, the level at which expenditures cannot legally
exceed the appropriated amount) is established by function and activity within
' an individual fund. The City also maintains an encumbrance accounting system
as one technique of accomplishing budgetary control. Encumbered amounts lapse
at year end. However, encumbrances generally are reappropriated as part of the
' following year's budget.
As demonstrated by the statements and schedules included in the financial
' section of this report, the city continues to meet its responsibility for sound
financial management.
General Government Functions. The following schedule presents a summary of
' general fund, special revenue funds and debt service fund revenues, for the
fiscal year ended December 31, 1988 and the amount and percentage of increases
and decreases in relation to prior year revenues.
3
General Government Functions Continued
Population /household adjusted 1989 levy limit base 3,740,983
Inflation adjustment 149,640
Adjusted levy base 3,890,623
Levy limit base adjustment 479,741
Final adjusted levy base 4,370,364
1898 local government aid 2,332,601
1989 final levy limitation $2,037,763
Fiscal Disparities. The Metropolitan Fiscal Disparities Act was first implemented
for taxes payable in 1975. It established a new property tax system for the seven
metropolitan counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and
Washington. 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. The
impact on the taxable valuations of the City for taxes collectible in 1986 through
1988 is as follows:
1988
1987
Increase
Percent
2,478,750
17,871,259
Percent
(Decrease)
of Increase
Revenues
Amount
of Total
from 1987
(Decrease)
Taxes
$2,888,644
34.92X
$154,710
5.36%
Licenses and permits
163,384
1.98
32,033
19.61
Intergovernmental
3,399,195
41.09
335,710
12.01
Charges for services
516,017
6.24
126,475
24.51
Fines
112,254
1.36
(11,559)
(10.30)
Special assessments
379,900
4.59
(231,448)
(60.92)
Interest
729,937
8.82
(262,737)
(35.99)
Miscellaneous
82,775
1.00
(18,493)
(22.34)
Total
$8,272,106
100.00X
$197,249
Beginning 1989 levy
limit base
$3,737,246
Adjustment growth
in population or households
(Use the larger of
the following rates)
Population
Households
a. 1988
$19,170
7,883
b. 1987
19,430
7,878
c. Ratio (1988/87)
.987
1.001
3,737
Population /household adjusted 1989 levy limit base 3,740,983
Inflation adjustment 149,640
Adjusted levy base 3,890,623
Levy limit base adjustment 479,741
Final adjusted levy base 4,370,364
1898 local government aid 2,332,601
1989 final levy limitation $2,037,763
Fiscal Disparities. The Metropolitan Fiscal Disparities Act was first implemented
for taxes payable in 1975. It established a new property tax system for the seven
metropolitan counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and
Washington. 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. The
impact on the taxable valuations of the City for taxes collectible in 1986 through
1988 is as follows:
Areawide allocation:
Contribution to "pool"
1988
1987
1986
City's taxable value:
2,478,750
17,871,259
15,650,911
Personal property
$ 208,985
$ 1,679,868
$ 1,547,299
Real estate
14,532,465
116,413,206
114,767,361
Subtotal
14,741,450
118,093,074
116,314,660
Areawide allocation:
Contribution to "pool"
(725,395)
(5,180,460)
(5,778,176)
Distribution from "pool"
2,478,750
17,871,259
15,650,911
Net increase
1,753,355
12,690,799
9,872,735
Combined value
$16,494,805
$130,783,873
$126,187,395
* Beginning with 1988/89 payable, assessed values are replaced by tax capacity
values.
4 '
' Property Tax and Special Assessment Collections. It is the City's policy to
offset any property taxes not received with an equal allowance for uncollectible
amounts. Therefore, any delinquent taxes, or unremitted current taxes are not
' recognized as revenue until received in cash, and are used to finance the budget
in the year in which they are received.
' The following schedule presents a summary of general fund, special revenue funds
and debt service fund, special revenue funds and debt service fund expenditures
for the fiscal year ended December 31, 1988 and the percentage of increases and
decreases in relation to prior year amounts.
' Percent Increase Percent
of (decrease) of increase
Expenditures Amount Total From 1987 Decrease
Current:
General government $1,034,970 13.26X $114,979 11.11X
Public safety 2,218,196 28.43 302,301 13.63
Highways and streets 988,421 12.67 158,754 16.06
Sanitation 90,760 1.16 81,810 90.14
Parks and Recreation 1,208,531 15.49 211,766 17.53
Library 353,241 4.53 91,658 25.95
' Other 153,195 1.96 8,347 5.45
Debt Service:
Principal 645,000 8.27 310,000 48.06
Interest and fiscal charges 1,109,031 14.21 (357,879) (32.27)
Other 1,973 .02 (3,524) (178.61)
Total $7,803,318 100.00% $918,212
Labor costs in 1988 represented a major increase in expenditures throughout all
functions due to the implementation to the City's comparable worth plan for all
employees. Other expenditure variances from the prior year that warrant discussion
' include highways and streets, parks and recreation and sanitation.functions. The
costs of maintaining the City's roadways have increased in all expenditure categories.
In the discussion of parks and recreation, it should be noted that the increased
expenditures are a result of comparable worth implementation and program expansion in
the area of recreation and community services. It should be noted that the expansion
of the recreation programs has also resulted in increased revenues.
' The increase in expenses for the sanitation function was the result of costs for tree
removal and replacement of diseased elm trees in the City.
' General Fund Balance. The fund balance of the general fund increased by 4.7X in
1988. The total fund balance of $4,508,167 is adequate, but it should be pointed out
that this represents working capital for general operations that is used extensively
during the first seven months of the year until current taxes and state aids are
' received.
Enterprise operations. The City's enterprise operations are comprised of water, sewer
and refuse utilities and liquor operations.
Total sales from the City's off -sale locations amounted to $3,590,552 in 1988. This
resulted in a total net operating income of $181,612. This is a decrease from 1987,
' however, it should be noted from previous discussion in this letter that the location
at 53rd and University was closed for three weeks during the year for remodeling and
the small store at 40th and University was closed at the end of the first quarter of
1988.
1
Enterprise Operations Continued
The water, sewer and refuse utility funds continued to show moderate gains in
operating revenues and net income for 1988.
Cash Management. Cash temporarily idle during the year was invested in demand
deposits, certificates of deposit, obligations of the U.S. Treasury, repurchase
agreements and commercial paper. The average yield on investments was 6.82
percent.
The City's investment policy is to minimize credit and market risks while
maintaining a competitive yield on its portfolio. Accordingly, deposits were
either insured by federal depository insurance or collateralized.
OTHER INFORMATION
Independent Audit. State statutes require an annual audit by independent
certified public accountants. The accounting firm of Bergren, Holmgren and Loberg
was selected by the City. In addition to meeting the requirements set forth in
state statutes, the audit also was designed to meet the requirements of the
federal Single Audit Act of 1984 and related OMB Circular A -128. The auditor's
report on the general purpose financial statements and combining and individual
fund statements and schedules is included in the financial section of this
report. The auditor's reports related specifically to the single audit are
included in the Single Audit Section.
Acknowledgments. The preparation of the comprehensive annual financial report on
a timely basis was made possible by the dedicated service of the entire staff of
the finance department. Each member of the department has our sincere
appreciation for the contributions made in the preparation of this report.
In closing, without the leadership and support of the City Manager and City
Council, preparation of this report would not have been possible.
Sincerely,
William Elrite
Finance Director
v.
June Johnston
City Accountant
Russell D. Paulson
Rita M. Petkoff
Gary L. Peterson
Edward M. Carlson
Robert S. Bocwinski
William Elrite
ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1988
CITY COUNCIL
Dale Hadtrath, Mayor
CITY MANAGER
FINANCE DEPARTMENT
7
Councilmember
Councilmember
Councilmember
Councilmember
Director
THIS
PAGE
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BLANK
INTENTIONALLY
E:3
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
Cable TV
Para Transit
Inspections
Licenses & Permits ADMINISTRATIV
- Planning SERVICES
Assessing
Refuse
Recycling
Engineering
Streets
Water Maintenance
Sewer Maintenance
Parks - Admin. b
Maintenance
Central Garage
PUBLIC
WORKS
LIBRARY
GENERAL
GOVERNMENT
BUILDINGS,
LEGAL
.CITY OF COLUMBIA HEIGHTS, MINNESOTA
POLICE
I
CITY
MANAGER
ADMINISTRATIVE
ORGANIZATION
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
MAYOR
COUNCIL
MEMBERS
RECREATION b
COMMUNITY
SERVICES
COMMISSION '
RECREATION b
COMMUNITY
SERVICES
ELECTORS
INDEPENDENT
SCHOOL DIS-
TRICT #13
COMMISSIONS AND BOARDS
Cable Communications
Science,Tech. & Energy
Merit
Insurance
Planning and Zoning
Recreation & Community
Services
Park
Traffic
HRA
Library
Human Services
Police & Fire Civil
Service
Charter
ANNUAL FINANCIAL REPORT
i
1
u
10 '
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'
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LEFT
'
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INTENTIONALLY
'
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u
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' BERGREN HOLMGREN & LOBERG LTD.
' CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN:
501 EAST HIGHWAY 13 New Prague, MN
BURNSVILLE, MN 55337
' PHONE (612) 894 -2111
IINDEPENDENT AUDITOR'S REPORT
' To the Honorable Mayor and
' Members of City Council
City of Columbia Heights
Columbia Heights , Minnesota
' We have audited the accompanying general purpose financial statements of the
City of Columbia Heights, Minnesota, and the combining, individual fund and
' account group financial statements of the City of Columbia Heights, Minnesota
as of and for the year ended December 31, 1988, as listed in the table of
contents. These financial statements are the responsibility of the
Organization's management. Our responsibility is to express an opinion on
' these financial statements based on our audit.
We conduct our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
' also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis
' for our opinion.
In our opinion, the general purpose financial statements referred to above
' present fairly, in all material respects, the financial position of the City of
Columbia Heights, Minnesota at December 31, 1988, and the results of its
operations and the changes in financial position of its proprietary and similar
' trust fund types for the year then ended, in conformity with generally accepted
accounting principles. Also, in our opinion, the combining, individual fund,
and account group financial statements referred to above present fairly, in all
material respects, the financial position of each of the individual funds and
' account groups of the City of Columbia Heights at December 31, 1988, and the
results of operations of such funds and the changes in financial position of
individual proprietary and similar trust funds for the year then ended, in
' conformity with generally accepted accounting principles.
' MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
11
our audit was made for the purpose of forming an opinion on the general purpose '
financial statements taken as a whole and on the combining, individual fund and
account group financial statements. The accompanying financial information
listed as schedules in the table of contents is presented for purposes of ,
additional analysis and is not a required part of the financial statements of
the City of Columbia Heights, Minnesota. The information in these schedules
has been subjected to the auditing procedures applied in the audit of the
general purpose, combining, individual fund and account group financial '
statements and, in our opinion, is fairly stated in all material respects in
relation to the financial statements of each of the respective individual funds
and account groups, taken as a whole. '
Burnsville, Minnesota
J
June 29, 1989
12
GENERAL PURPOSE
FINANCIAL STATEMENTS'
CITY OF COLUMBIA HEIGHTS
I(
i
MINNESOTA
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 Statements
will be a benefit to users requiring less detailed
i
information about our City's finances.
THIS
PAGE
' LEFT
BLANK
INTENTIONALLY
13
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CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit 2
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUND
For the Fiscal Year Ended December 31, 1988
(With Comparative Totals for the FiscaL Year Ended December 31, 1987)
------------------------------------------------------------------------------ V-------- ------------ ----------- - - - - --
Revenues:
General property taxes
SpeciaL assessments
Licenses and permits
Fines and forfeitures
Interest and rents
Intergovernmental revenues
Charges for services
Other revenue
Total Revenues
Expenditures:
Current:
General government
Public safety
Public works
Sanitation
Library
Parks and recreation
Other
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (deficiency) of revenues
1,034,970 - - - -
2,218,196 - - - -
563,432 - - - -
90,760 - - - -
353,241 - - - -
601,489 604,342 - - -
- 153,195 1,973 - 10,364
424,989 - 1,715,626 -
- 645,000 - -
- 1,109,031 - -
----- - - - - -- ----- - - - - -- ------ - - - - -- -------- - - - --- ---- - - - - --
4,862,088 1,182,526 1,756,004 1,715,626 10,364
-- --- - - - - -- ----- - -- - -- -- ---- - - - - -- -------- - - - - -- -- -- -- - - --
over (under) expenditures
254,284
(145,321)
249,596
Fiduciary
----------------------------------
Governmental Fund
Types
--
-------
Fund Type
--------------
Special
------
Debt
--- -- - --
Capital
---- - - - - --
Expendable
General
Revenue
Service
Projects
Trust
---- - - -----
$1,783,104
----- - - - - -- ------
$ -
- - - - --
$1,105,540
-------- - - - - --
$ -
-- -- - - -- --
$ -
-
-
292,606
-
-
163,384
-
-
-
-
112,254
-
-
-
-
285,347
10,928
427,662
23,047
14,158
2,557,860
669,566
171,769
-
-
209,180
306,837
-
-
-
5,243
49,874
8,023
399,614
-
----- - - - - --
5,116,372
----- - - -- --
----- - - - - -- ------
1,037,205
----- -- - - -- ------
- - - - --
2,005,600
- - - ---
-------- - - - - --
422,661
--- ----- - - - - --
---- - - - - --
14,158
---- - - - - --
1,034,970 - - - -
2,218,196 - - - -
563,432 - - - -
90,760 - - - -
353,241 - - - -
601,489 604,342 - - -
- 153,195 1,973 - 10,364
424,989 - 1,715,626 -
- 645,000 - -
- 1,109,031 - -
----- - - - - -- ----- - - - - -- ------ - - - - -- -------- - - - --- ---- - - - - --
4,862,088 1,182,526 1,756,004 1,715,626 10,364
-- --- - - - - -- ----- - -- - -- -- ---- - - - - -- -------- - - - - -- -- -- -- - - --
over (under) expenditures
254,284
(145,321)
249,596
(1,292,965)
3,794
Other Financing Sources (Uses):
----- - - - - -- -----
- - - - --
------ - - - - --
--------------
---- - - - - --
Bond proceeds
-
-
-
-
-
Operating transfers in
422,324
140,721
-
1,235,199
162,000
Operating transfers out
(577,655)
(502,126)
(400,507)
(85,934)
-
Contingencies
(3,000)
-
-
-
-
Sale of Land
80,000
-
8,377
-
-
Sale of general fixed assets
7,294
-
-
-
-
Other refunds
19,635
-
-
16,887
8,491
Total other financing sources
-- --- - - - - -- -----
(51,402)
- - - - --
(361,405)
------ - - - - --
(392,130)
-------- - - - - --
1,166,152
---- -- -- --
170,491
Excess of revenues and other financing
----- - - - - -- -----
- - - - --
------ - - - - --
-------- - - - - --
- --- - - - - --
sources over (under) expenditures
and other financing uses
202,882
(506,726)
(142,534)
(126,813)
174,285
Fund balances, January 1
4,305,285
611,308
13,141,901
26,949
189,291
Fund balances, December 31
----- - - - - -- -----
$4,508,167
----- - - - - -- -----
-- -- --
$104,582
- - - - --
-- ---- - - - - --
$12,999,367
------ - - - - --
-------- - - - - --
($99,864)
-------- - - - - --
---- - - - - --
$363,576
---- - - - - --
The notes to the financial statements are
an integral part
of this statement.
16
Form A -L
Total
(Memorandum OnLy)
----------------------------
1987
---- - --- - --
2,888,64V/
------------
$2,733,934
292,606 '
524,054
163,3844
131,351
112,254 1
123,813
761,142 �
1,034,383
3,399,195 ./
3,063,485
516,017 �
389,542
462,754
103,591
8,595,996
8,104,153
1,034,970
2,218,196
563,432
90,760
353,241
1,205,831
165,532
2,140,615
645,000
1,109,031
9,526,608
(930,612)
1,960,244
(1,566,222)
(3,D00)
88,377
7,294
45,013
531,706
(398,906)
18,274,734
'$
17,875,828
919,991
1,915,895
704,081
8,950
261,583
996,765
150,345
1,164,266
335,000
1,466,910
7,923,786
180,367
12,420,000
5,127,892
(4,745,526)
12,802,366
12,982,733
5,292,001
$
18- 274 =734-
17
Excess (deficiency) of revenues
and other financing sources
over (under) expenditures
and other financing uses (801,175) 202,883 1,004,058 (304,355) (506,726) (202,371)
Fund balances, January 1 4,305,285 4,305,285 - 611,308 611,308 -
Fund balances, December 31 3,504,110 4,508,168 1,004,058 306,953 104,582 (202,371)
The notes to the financial statements are an integral part of this statement.
IN
Exhibit 3
City of Columbia Heights, Minnesota
Combined Statement
of Revenues, Expenditures and Changes in Fund Balances
Budget
and Actual - General, Special
Revenue and Debt Service
Funds
For the fiscal
year ended
December 31,
1988
------------------------------------------------------------------------------------------------------------
General Fund
SpeciaL
Revenue
Funds
----- --- ----------
---- ---
---- -- - ---
Variance
--------------------------------
Variance
Favorable
Favorable
Budget
Actual (Unfavorable)
Budget
Actual (Unfavorable)
Revenues:
-- - - --
- - - - -- -------
- -- - --
- - -- --
- - - - -- -
------ -- -- --
GeneraL property taxes
$1,848,689
$1,783,104
($65,585)
$ -
$ - $
-
SpeciaL assessments
-
-
-
-
-
-
Licenses and permits
148,325
163,384
$15,059
-
-
-
Fines and forfeitures
123,700
112,254
($11,446)
-
-
-
Interest and rents
150,000
285,347
$135,347
5,000
10,928
$5,928
Intergovernmental revenues
2,503,204
2,557,860
$54,656
405,025
669,566
$264,541
Charges for services
178,334
209,181
$30,847
206,864
306,837
$99,973
Other revenue
5,650
5,243
($407)
3,000
49,874
$46,874
TotaL revenues
-----------------------------
4,957,902
5,116,373
- -- - --
158,471
- - - - --
--------------------------------
619,889
--------------------------------
1,037,205
417,316
Expenditures:
-----------------------------
Current:
General government
1,150,281
1,034,970
115,311
-
-
-
Public safety
2,377,952
2,218,196
159,756
-
-
-
PubLic works
658,692
563,432
95,260
-
-
-
Sanitation
101,297
90,760
10,537
-
-
-
Library
415,257
353,241
62,016
-
-
-
Parks and recreation
640,063
601,489
38,574
570,721
604,342
(33,621)
Other
-
-
-
91,466
153,195
(61,729)
Capital outlay
-
-
-
70,500
424,989
(354,489)
Debt service:
Principal retirement
-
-
-
-
-
-
Interest and fiscal charges
-
-
-
-
-
-
TotaL expenditures
----- ----------------------
5,343,542
4,862,088
-- - - - - --
481,454
- - - - --
--------------------------------
732,687
--------------------------------
1,182,526
(449,839)
Excess (deficiency) of revenues
-------------
----------------
over (under) expenditures
(385,640)
254,285
639,925
- - - -
(112,798)
--------------------------------
(145,321)
(32,523)
Other financing sources (uses):
-----------------------------
--
Operating transfers in
432,460
422,324
(10,136)
117,609
140,721
23,112
Operating transfers out
(625,995)
(577,655)
48,340
(309,166)
(502,126)
(192,960)
Contingencies
(246,000)
(3,000)
243,000
-
-
-
Sale of Land
2,000
80,000
78,000
-
-
-
SaLe of general fixed assets
8,000
7,294
(706)
-
-
-
Other refunds
14,000
19,635
5,635
-
-
-
TotaL other financing
-----------------------------
- - -- --
--------------------------------
sources (uses)
(415,535)
--------------
(51,402)
---------------
364,133
- - - - --
(191,557)
---- ---------
(361,405)
-------------
(169,848)
- - - - --
Excess (deficiency) of revenues
and other financing sources
over (under) expenditures
and other financing uses (801,175) 202,883 1,004,058 (304,355) (506,726) (202,371)
Fund balances, January 1 4,305,285 4,305,285 - 611,308 611,308 -
Fund balances, December 31 3,504,110 4,508,168 1,004,058 306,953 104,582 (202,371)
The notes to the financial statements are an integral part of this statement.
IN
Exhibit 3
1
------------------------------------
Debt Service Fund
-----------------------------------
' Variance
Favorable
Budget Actual (Unfavorable)
- - - - -- - - - - -- ------- - - - - --
$1,308,300 $1,105,540 ($202,760)
292,606 $292,606
10,000 427,662 $417,662
146,000 171,769 $25,769
8,023 $8,023
-----------------------------------
-
1,464,300 2,005,600 541,300
-----------------------------------
' - 1,973 (1,973)
' 345,000 645,000 (300,000)
808,291 1,109,031 (300,740)
-----------------------------------
' 1,153,291 1,756,004 (602,713)
311,009 249,596 (61,413)
-----------------------------------
(400,507) (400,507)
' - 8,377 8,377
-----------------------------------
(392,130) (392,130)
--------=--------------------------
' 311,009 (142,534) (453,543)
13,141,901
-----------------------------------
311,009 12,999,367 (453,543)
' axaxxxxxxxxxxxxxxxxxxxxxxxxxxxexxxx
1
' 19
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit 4
COMBINED PROPRIETARY
FUND TYPES
'
COMPARATIVE BALANCE
SHEETS
December 31, 1988
and 1987
Totals
Internal
(Memorandum Only)
,
Enterprise
Service
1988
1987
ASSETS
----- -- - - -- -----
- - - - --
----- - - - - --
----- - - - - --
'
Current assets:
Cash & investments
3,821,328
98,116
3,919,444
3,796,542
Accounts receivable (net of allowances
for uncollectibles)
546,693
-
546,693
480,882
'
Inventories
423,642
69,445
493,087
564,948
Due from other governmental units
239,600
-
239,600
253,654
Total current assets
-- --- - --- -- --
5,031,263
--- - = - - --
167,561
----- - - - - --
5,198,824
----- - - - - --
5,096,026
'
Fixed.assets:
Land
88,934
-
88,934
88,934
'
Buildings
376,514
81,877
458,391
344,979
Accumulated depreciation -- buildings
(157,539)
(15,957)
(173,496)
(156,588)
Improvements other than buildings
5,124,355
9,071
5,133,426
4,811,523
Accumulated depreciation -- improvements
'
other than buildings
(2,432,498)
(5)
(2,432,503)
(2,315,467)
Machinery & equipment
526,930
78,974
605,904
576,378
Accumulated depreciation -- machinery & equipment
(376,261)
(70,544)
(446,805)
(406,341)
'
Office furniture & fixtures
38,225
10,691
48,916
32,399
Accumulated depreciation -- office
furniture & fixtures
(32,981)
- -- - -
(733)
- -- -
(33,714)
-
(28,868)
'
Fixed assets (net of accumulated depreciation)
3,155,679
93,374
3,249,053
2,946,949
Total assets
- ---- - - - - -- - ----
8, 186,942-
- - - ---
260,935-
----- - - - - --
8, 447,877-
----- - - - - --
8, 042,975-
'
Liabilities and equity
--
Current Liabilities:
Accounts payable
207,329
24,932
232,261
326,903
'
Compensated absences payable
27,765
16,000
43,765
16,298
Due to other governmental units
36,560
-
36,560
33,575
Total current liabilities
----- - - - - -- -----
271,654
- - - - --
40,932
----- - - - - --
312,586
----- - - - - --
376,776
Equity:
----- - - - - -- ----
- - - - - --
----- - - - - --
----- - -- - --
Contributed capital:
'
Customers
1,371,796
-
1,371,796
1,437,025
Federal
453,000
-
453,000
453,000
MunicpaL funds
-
30,000
30,000
30,000
Property owners
-
64,653
64,653
64,653
'
Total contributed capital:
----- - - - - -- -----
1,824,796
- - - - --
94,653
----- - -- - --
1,919,449
----- - - - - --
1,984,678
Retained earnings:
Unreserved
6,090,492
125,350
6,215,842
5,681,422
Total retained earnings
---- - - - - - -- -----
6,090,492
- - - - --
125,350
----- - - - - --
6,215,842
----- - - - - --
5,681,422
-
Total equity
---- - - - - -- -----
7,915,288
- - - - --
220,003
----- -- - - --
8,135,291
----- - - - - --
7,666,100
-----
Total liabilities and equity
- - - - -- -----
8,186,942
- - - - --
$260,935
----- - - - - --
8,447,877
----- - - - - --
8,042,876
The notes to the financial statements are an integral
part of this
statement.
Exhibit 5
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED PROPRIETARY FUND TYPES
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
For the fiscal years ended December 31, 1988 and 1987
Retained earnings, December 31 6,090,492 125,350 6,215,842 5,512,099
The notes to the financial statements are an integral part of this statement.
21
Totals
Internal
(Memorandum Only)
'
Enterprise
----- - - - - --
Service
----- - - - - --
1988
----- - - - - --
- -1987
-----------
Operating revenues:
Charges for sales and services:
'
Water sales
906,071
906,071
863,070
Meter sales
6,216
-
6,216
6,761
Customer services
1,959
-
1,959
1,492
Penalties
17,267
-
17,267
17,222
'
Sewer service charges
797,165
797,165
807,328
Interceptor maintenance
20,960
-
20,960
20,184
Refuse service charge
641,852
-
641,852
597,424
' FederaL & State grants
-
-
-
28,202
Sales Liquor
1,122,336
1,122,336
1,224,461
Sales beer
1,832,618
-
1,832,618
1,877,797
Sales wine
412,533
-
412,533
450,070
'
Sales other
223,065
223,065
195,920
Services to departments
-
80,861
80,861
-
Use of space
-
75,980
75,980
- - - - --
-
----- - - - - --
Total operating revenues
- ---- - - -- --
5,982,042
----- - - - - --
156,841
-----
6,138,883
6,089,931
Operating expenses:
----- - - - - --
- ---- - - - - --
----- -- - - --
----- - - - - --
'
Cost of sales and services
1,035,951
1,035,951
911,603
Distribution
388,000
-
388,000
364,904
Administration
19,086
-
19,086
22,625
Depreciation
167,760
11,494
179,254
144,913
'
Collection & disposal
543,333
543,333
525,436
Recycling
5,807
-
5,807
12,314
Hazardous waste
2,350
-
2,350
-
' Cost of goods sold
3,006,085
-
3,006,085
3,109,599
Operating expense
372,228
372,228
392,725
Cost of services and space
-
139,120
139,120
149,344
Total operating expense
----- - - - - --
5,540,600
----- - - - - --
150,614
----- - - - - --
5,691,214
----- - - - - --
5,633,463
----- - - - - --
Operating income
----- - - - - --
441,442
-- --- - - - - --
6,227
-- --- --- - --
447,669
456,468
--
Nonoperating revenues (expense):
----- - - - - --
----- - - - - --
----- - - - - --
----- - - - -
Interest income
298,609
12,476
311,085
255,331
Miscellaneous revenue
9,895
12,439
22,334
22,057
Miscellaneous expense
(1,063)
(1,063)
(2,749)
Transfers in
-
15,955
Transfers out
(277,333)
(33,600)
(310,933)
(392,407)
Total nonoperating revenues (expenses)
----- - - - - --
30,108
---- - - -- - --
(8,685)
----- - - - - --
21,423
----- -- -- --
(101,813)
- ---- - - - - --
Net income
----- - - - - --
471,550
----- - - - - --
(2,458)
----- - - - - --
469,092
354,655
'
Trans depr on contributed assets
65,229
65,229
65,229
Retained earnings, January 1
5,553,713
127,808
5,681,521
5,092,215
Retained earnings, December 31 6,090,492 125,350 6,215,842 5,512,099
The notes to the financial statements are an integral part of this statement.
21
Exhibit 6
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED PROPRIETARY FUND TYPES
COMPARATIVE STATEMENTS OF
CHANGES IN FINANCIAL POSITION
481,358
48,772
For the fiscal years ended December 31, 1988
and 1987
----- - - - - --
481,358
-- -- - - - - - --
----- - - - - --
48,772
-- --- - -- - --
179,840
(56,938)
122,902
Totals
3,641,488
155,054
Internal
(Memorandum Only)
----- -- -- --
3,821,328
-- -- - - - -- -- -----
Enterprise
Service
1988
1987
Cash flows from operating activities:
----- - - - - -- -----
- - - - --
----- - - - - --
----- - - - - --
Cash recieved from customers
5,933,269
156,881
6,090,150
6,205,317
Cash paid to suppliers and employees
(5,379,927)
(127,386)
(5,507,313)
(5,492,558)
Interest received
298,609
12,476
311,085
255,331
Miscellaneous revenue received
8,832
12,439
21,271
19,308
Transfers in
-
-
-
15,955
Transfers out
(277,333)
(33,600)
(310,933)
(392,407)
Net cash provided by operating activities
----- - - - - -- -----
583,450
----- - -- - -- -----
- - - - --
20,810
- - - - --
----- - - - - --
604,260
-- --- - - -- --
- --- - - - - - --
610,946
----- - - - - --
Cash flow from investing activities:
Purchases of fixed assets
Net cash used in investing activities
Net increase (decrease) in cash
Cash, January 1
Cash, December 31
403,610
77,748
481,358
48,772
----- - - - - --
403,610
--- -- - - - - --
----- - - - - --
77,748
---- - -- -- --
----- - - - - --
481,358
-- -- - - - - - --
----- - - - - --
48,772
-- --- - -- - --
179,840
(56,938)
122,902
562,174
3,641,488
155,054
3,796,542
3,234,368
----- -- -- --
3,821,328
-- -- - - - -- -- -----
----- - - - - --
98,116
- - - - --
----- - - - - --
3,919,444
-- --- - - - - --
----- - - - - --
3,796,542
- ---- - - - - --
RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
Net Income
Adjustments to reconcile net income to
net cash provided by operating activities:
Totals
Internal (Memorandum Only)
Enterprise Service 1988 1987
----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - -- - --
471,550 (2,458) 469,092 354,655
-- --- -- - --- - ---- --- --- -- --- - - ---- ------ --- --
Depreciation expense
167,760
11,494
179,254
144,913
(Increase) decrease in accounts receivable
(48,773)
40
(48,733)
(36,958)
(Increase) decrease in inventories
75,725
(3,864)
71,861
(76,001)
Increase (decrease) in accounts payable
(110,538)
15,896
(94,642)
(30,319)
Increase (decrease) in compensated absences
27,765
(298)
27,467
5,211
Increase (decrease) in due to
other governmental units
2,985
-
2,985
31,954
(Increase) decrease in due from
other governmental units
(3,024)
-
(3,024)
48,069
-----
Total adjustments
- - - - -- -----
111,900
- - - - -- -----
23,268
--
- - - --- --
135,168
--- ---- --
86,869
-----
Net cash provided by operating activities
- - - - -- -----
583,450
- - - - -----
$20,810
- - - - -- -----
604,260
- - - - --
441,524
The notes to the financial statements are an integral
part of this
statement
22
Exhibit 7
HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES
For the Fiscal Year Ended December 31, 1988
(With Comparative Totals for the Fiscal Year Ended December 31, 1987)
' Revenues:
Taxes
Rents
' Community development block grant
Housing and urban development
Project reimbursement
Interest
' Metropolitan Council
Miscellaneous
Total Revenues
Expenditures:
Administration
Utilities, maintenance and operations
Loans and grants
Property acquisition /improvements
Relocation assistance
Legal
Interest
Development costs
MiscelLaneous
TotaL Expenditures
Other Sources and Uses:
Settlement on consolidated
annual contributions contract
Excess (deficiency) of revenues and
other sources over (under)
expenditures and other uses
Fund balances, January 1
Fund balances, December 31
--------------------------------------------------
Totals
(Memorandum
Only)
General
Special
--------------------
- - - - --
Fund
Revenue
1988
1987
--- -- - - --
$35,957
----- -- - - --
$ -
----- -- - - - - -- -----
$35,9571'
- - - - --
$35,891
-
180,470
180,470 ✓
171,167
-
296,822
296,822✓
106,677
-
7,502
7,502y
187,415
-
788,861
788,861✓
1,055,146
23,031
31,196
54,227 ✓
40,959
34,793
-
34,793✓"
26,993
3,682
7,696
11,378
17,419
- -- - - - - --
97,463
- -- - - - - --
----- - - - - --
11312,547
- -- -- --- ---
----- -- - - - - -- -----
1,410,010
- ---- -- - - -- -- ----
- - - - --
1,641,667
-- - - ---
90,960
104,809
195,769
193,387
-
147,147
147,147
127,137
-
22,270
22,270
18,107
3,164
687,291
690,455
890,945
-
82,547
82,547
84,600
969
35,313
36,282
38,148
-
137,137
137,137
154,452
-
-
-
20,190
217
105,206
105,423
85,965
--- - - - - --
95,310
--- - - - - --
----- - - -- --
1,321,720
----- - - - - --
------- - - - - -- ----- - - - - --
1,417,030 1,612,931
------- - - - --- ----- -- - - --
(43,805) (43,805) -
--- - - - - -- ----- - - - - -- ------- - - - - -- ----- - - - - --
2,153 (52,978) (50,825) 28,736
8,402 377,990 386,392 357,656
- ----- - -- ----- - - - - -- ------- - - - - -- ----- - - - - --
$10,555 $325,012 $335,567 $386,392
The notes to the financial statements are an integral part of this statement.
23
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71
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'
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' CITY OF COLUMBIA HEIGHTS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
' Note 1 - Summary of Significant Accounting Policies
The financial statements'of the City of Columbia Heights have been
' prepared in conformity with generally accepted accounting principles
(GAAP) as applied to governmental units. The Governmental Accounting
Standards Board (GASB) is the accepted standard - setting body for
establishing governmental accounting and financial reporting principles.
' The more significant of the City's accounting policies are described
below:
A. REPORTING ENTITY
In evaluating how to define the government for financial
reporting purposes, management has considered all potential
' component units. The decision to include a potential component
unit in the reporting entity was made by applying the criteria
set forth in GAAP. The basic, but not the only, criterion for
' including a potential component unit within the reporting entity
is the governing body's ability to exercise oversight
responsibility. The most significant manifestation of this
ability is financial interdependency. Other manifestations of
' the ability to exercise oversight responsibility include, but are
not limited to, the selection of governing authority, the
designation of management, the ability to significantly influence
' operations, and accountability for fiscal matters. A second
criterion used in evaluating potential component units is the
scope of public service. Application of this criterion involves
considering whether the activity benefits the government and /or
' citizens, or whether the activity is conducted within the
geographic boundaries of the government and is generally
available to the citizens. A third criterion used to evaluate
potential component units for inclusion or exclusion from the
t reporting entity is the existence of special financing
relationships, regardless of whether the government is able to
exercise oversight responsibilities. Based upon the application
' of these criteria, the following is a brief review of each
potential component unit addressed in defining the City's
reporting entity.
Included within the reporting entity:
Columbia Heights Housing and Redevelopment Authority (HRA). The
' HRA was created to provide housing and redevelopment assistance
to its citizens. The HRA provides this assistance through the
administration of various programs. A majority of the funding is
provided through the issuance of general obligation tax increment
' bonds guaranteed by the City. The City would also be responsible
for deficits, therefore, the HRA is considered a component unit
of the City.
25
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
DECEMBER 31, 1988
Note 1 - Summary of Significant Accounting Policies (continued)
Excluded from the reporting entity:
Independent School District 113. According to Minnesota State
Statutes, Minnesota school districts are totally independent of
all other governing jurisdictions. The City has no authority to
appoint board members and has no fiscal responsibility. School
districts are able to levy taxes and issue debt in their own
name.
Columbia Heights Police and Fire Relief Associations. These
associations are organized as non - profit organizations by their
members to provide pension and other benefits to such members in
accordance with Minnesota Statutes. Their boards of directors
are elected by the membership of the association. All funding is
conducted in accordance with Minnesota Statutes, whereby state
aids flow to the associations, tax levies are determined by the
Associations and are only reviewed by the City. The associations
pay benefits directly to their members. The associations may
certify tax levies to the County directly if the City does not
carry out this function. Because the associations are able to
fund their programs independently of the City, they are excluded
from the reporting entity. (See note 13 for disclosures relating
to the pension plans operated by these organizations.)
B. FUND ACCOUNTING
The City uses funds and account groups to report on its financial
position and the results of its operations. Fund accounting is
designed to demonstrate legal compliance and to aid financial
management by segregating transactions related to certain
government functions or activities.
A fund is a separate accounting entity with a self - balancing set
of accounts. An account group, on the other hand, is a financial
reporting device designed to provide accountability for certain
assets and liabilities that are not recorded in the funds because
they do not directly affect net expendable available financial
resources. `
Funds are classified into three categories; governmental,
proprietary and fiduciary. Each category, in turn, is divided
into separate "fund types ".
Governmental funds are used to account for all or most of a
government's general activities including the collection and
disbursement of earmarked monies (special revenue funds), the
acquisition or construction of general fixed assets (capital
projects funds), and the servicing of general long'-term debt
(debt service funds). The general fund is used to account for
all activities of the general government not accounted for in
some other fund.
26
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
DECEMBER 31, 1988
' Note 1 - Summary of Significant Policies (Continued)
B. FUNDING ACCOUNTING (CONTINUED)
' Proprietary funds are used to account for activities similar to
those found in the private sector, where the determination of net
income is necessary or useful to sound financial administration.
' Goods or services from such activities can be provided either to
outside parties (enterprise funds) or to other departments or
agencies primarily within the government (internal service
funds).
Fiduciary funds are used to account for assets held on behalf of
outside parties, including other governments, or on behalf of
other funds within the government. When these assets are held
under the terms of a formal trust agreement, either a pension
trust fund, a nonexpendable trust fund or an expendable trust
fund is used. The terms "nonexpendable" and "expendable" refer
' to whether or not the government is under an obligation to
maintain the trust principal. Agency funds are generally used to
account for assets that the government holds on behalf of others
as their agent.
C. BASIS OF ACCOUNTING
' The accounting and financial reporting treatment applied to a
fund is determined by its measurement focus. All governmental
funds and expendable trust funds are accounted for using a
current financial resources measurement focus. With this
' measurement focus, only current assets and current liabilities
generally are included on the balance sheet. Operating
statements of these funds present increases (i.e., revenues and
' other financing sources) and decreases (i.e., expenditures and
other financing uses) in net current assets.
All proprietary funds, nonexpendable trust funds and pension
' trust funds are accounted for on a flow of economic resources
measurement focus. With this measurement focus, all assets and
all liabilities associated with the operation of these funds are
included on the balance sheet. Fund equity (i.e., net total
' assets) is segregated into contributed capital and retained
earnings components. Proprietary fund -type operating statements
present increases (e.g., revenues) and decreases (e.g., expenses)
' in net total assets.
The modified accrual basis of accounting is used by all
governmental fund types, expendable trust funds and agency
' funds. Under the modified accrual basis of accounting, revenues
are recognized when susceptible to accrual (i.e., when they
become both measurable and available). "Measurable" means the
' amount of the transaction can be determined and "available" means
collectible within this current period or soon enough thereafter
to be used to pay liabilities of the current period.
Expenditures are recorded when the related fund liability is
' incurred.
1 27
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 1 - Summary of Significant Accounting Policies (Continued)
C. BASIS OF ACCOUNTING (CONTINUED)
Those revenues susceptible to accrual are property taxes,
franchise fees, special assessments, licenses, interest revenue
and charges for services. Fines and permits are not susceptible
to accrual because generally they are not measurable until
received in cash.
The accrual basis of accounting is utilized by proprietary fund
types, pension trust funds and nonexpendable trust funds. Under
this method, revenues are recorded when earned and expenses are
recorded at the time liabilities are incurred.
The City reports deferred revenue on its combined balance sheet.
Deferred revenues arise when a potential revenue does not meet
both the "measurable" and "available" criteria for recognition in
the current period. Deferred revenues also arise when resources
are received by the City before it has a legal claim to them In
subsequent periods, when both revenue recognition criteria are
met or when the City has a legal claim to the resources, the
liability for deferred revenue is removed from the combined
balance sheet and revenue is recognized.
D. BUDGETS
Budgets are adopted on a basis consistent with generally accepted
accounting principles. Annual appropriated budgets are adopted
for the general, special revenue and debt service funds. All
annual appropriations lapse at fiscal year end.
Encumbrances represent commitments related to unperformed
contracts for goods or services. Encumbrance accounting, under
which purchase orders, contracts and other commitments for the
expenditure of resources are recorded to reserve that portion of
the applicable appropriation, is utilized in the governmental
funds. Encumbrances outstanding at year end are reported as
reservations of fund balances and do not constitute expenditures
or liabilities because the commitments will be honored during the
subsequent year.
E. CASH AND INVESTMENTS
Cash balances from all funds are combined and invested in
allowable investments. Earnings from such investments are
allocated to the respective funds on the basis of applicable cash
balance participation by each fund. Investments are stated at
cost which approximates market.
Cash in the amount of $8,863,500 has been placed in escrow(s)
with Marquette Bank for the purpose of refunding in 1990 and 1991
respectively Tax Increment Bonds of 1980 and Tax Increment Bonds
of 1985.
W
' NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
' Note 1 - Summary of Significant Accounting Policies (Continued)
F. INVENTORIES
' Inventories are valued at cost, which approximates market, using
the first in /first out (FIFO) method.
' G. PREPAID ITEMS
Payments made to vendors for services that will benefit periods
beyond December 31, 1988, are recorded as prepaid items.
' H. FIXED ASSETS
General fixed assets are not capitalized in the funds used to
acquire or construct them. Instead, capital acquisition and
construction are reflected as expenditures in governmental funds
and the related assets are reported in the general fixed assets
' account group. All purchased fixed assets are valued at cost
where historical records are available and at an estimated
historical cost where no historical records exist. Donated fixed
assets are valued at their estimated fair market value on the
' date received.
The costs of normal maintenance and repairs that do not add to
' the value of the asset or materially extend asset lives are not
capitalized. Improvements are capitalized and depreciated over
the remaining useful lives of the related fixed assets, as
applicable.
' Public domain ( "infrastructure ") general fixed assets consisting
of roads, bridges, curbs and gutters, streets and sidewalks,
drainage systems and lighting systems are not capitalized, as
these assets are immovable and of value only to the City.
Assets in the general fixed asset account group are not
depreciated. Depreciation of buildings, equipments, other
improvements and vehicles in the proprietary fund types is
computed using the straight line method.
' I. COMPENSATED ABSENCES
Vested or accumulated vacation leave that is expected to be
' liquidated with expendable available financial resources is
reported as an expenditure and a fund liability of the
governmental fund that will pay it. Amounts of vested or
accumulated vacation leave that are not expected to be liquidated
with expendable available financial resources are reported in the
general long term debt account group. No expenditure is reported
for these amounts. Vested or accumulated vacation leave of
' proprietary funds is recorded as an expense and liability of
those funds as the benefits accrue to employers. In accordance
with the provisions of Statement of Financial Accounting
29
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 1 - Summary of Significant Accounting Policies (Continued)
I. COMPENSATED ABSENCES (CONTINUED)
Standards No. 43, Accounting for Compensated Absences, no
liability is recorded for nonvesting accumulating rights to
receive sick pay benefits. However, a liability is recognized
for that portion of accumulating sick leave benefits that it is
estimated will be taken as "terminal leave" prior to retirement.
J. LONG -TERM OBLIGATIONS
Long -term debt is recognized as a liability of a governmental
fund when due, or when resources have been accumulated in the
debt service fund for payment early in the following year. For
other long -term obligations, only that portion expected to be
financed from expendable available financial resources is
reported as a fund liability of a governmental fund. The
remaining portion of such obligations is reported in the general
long -term debt account group. Long -term liabilities expected to
be financed from proprietary fund operations are accounted for in
those funds.
K. FUND EQUITY
Contributed capital is recorded in.proprietary funds that have
received capital grants or contributions from developers,
customers or other funds. Reserves represent those portions of
fund equity not appropriable for expenditure or legally
segregated for a specific future use. Designated fund balances
represent tentative plans for future use of financial resources.
L. MEMORANDUM ONLY - TOTAL COLUMNS
Total columns on the general purpose financial 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 this data.
M. COMPARATIVE DATA
Comparative total data for the prior year have been presented in
the accompanying financial statements in order to provide an
understanding of changes in the City's financial position and
operations. However, comparative data have not been presented in
all statements because their inclusion would make certain
statements unduly complex and difficult to understand.
30
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 2 - Legal Compliance /Budgets
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) The budget is prepared by fund, function and activity and
includes information on the past two years, current year
' estimates, requested appropriations for the next fiscal year and
adopted appropriations for the next fiscal year.
' (c) 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.
Note 3 - Deposits and Investments
Deposits. At year end the carrying amount of the City's deposits was
' $463,911 and the bank balance was $52,506. Of the bank balance,
$52,506 was covered by federal depository insurance or by collateral
held by a trust department of another bank.
' Investments. The City's investments are categorized as'either (1)
insured or registered or for which the securities are held by the City
or its agent in the City's name, (2) uninsured and unregistered for
which the securities are held by the broker's or dealer's trust
' department or agent in the City's name or (3) uninsured and
unregistered for which the securities are held by the broker or
dealer, or by its trust department or agent but not in the City's
' name.
1
' Repurchase Agreements
U. S. Government Securities.
Certificates of Deposit $ 113.026
Total Investments $ 113,026
Categories
$12,805,173
$ - $12,918,199
31
Market
Value
$ 5,226,341
713.026
$12,910,1
88
Carrying
2 3
Amount
- $ 5,226,341
$ 5,226,341
- 6,978,832
6,970,821
600,000
713.026
$12,805,173
$ - $12,918,199
31
Market
Value
$ 5,226,341
713.026
$12,910,1
88
NOTES TO THE FINANCIAL STATEMENT (CONTINUED)
DECEMBER 31, 1988
Note 3 - Deposits and Investments (Continued)
Minnesota Statutes authorize the City to invest in obligations of the
U. S. Treasury, agencies, and instrumentalities, commercial paper
rated A -1 by Standard and Poor's Corporation or P -1 by Moody's
Commercial Paper record, bankers' acceptances and repurchase
agreements.
Note 4 - Receivables
Receivables at December 31, 1988 consist of the following:
General
Receivables:
Interest $ -
Taxes 73,640
Accounts 14,254
Special Assessments -
Intergovernmental 20,071
Gross Receivables 107,965
Less: allowance for
uncollectibles 5( 5,101)
Net Total Receivables $52,864
Special
Debt
Capital
Revenue
Service
Proiects
$ -
$ - $ 9,553
$ 9,553
-
-
84,358
-
74,156
-
2,171
-
1,299,621
-
19,011
_ 288,823
786,293
93,167
1,383,979
2,171
-
(185,611)
$93,167
$1,198,368
jg.L171
(2,159) (242,871
786 293 $ - -- $20,485 $2.153.348
Property tax levies are set by the City Council in October each year
and are certified to the County for collection the following year. In
Minnesota, counties act as collection agents for all property taxes.
The County spreads the levies over all taxable property in the City.
Such taxes become receivables of the City as of January 1.
Property taxes are payable in�equal installments by property owners to
the County as follows:
Personal property - February 28 and June 30
Real property - May 15 and October 15
The County remits the collections to the City and other taxing
districts four times a year, on or before January 25, April 19, July 5
and December 4.
Unpaid taxes at December 31 become liens on the respective property
and are classified in the financial statements as delinquent taxes
receivable. The receivable is fully offset by deferred revenue as it
is not available to finance current expenditures.
A
Cities in Minnesota operate under a levy limitation law which allows
an increase in the tax levy each year equal to the Implicit Price
Deflator increase or 5%, whichever is greater, further indexed by the
percentage increase in households or population, whichever is
greater, Levies for bonded indebtedness are not limited by the law.
32
Internal
Enterprise
Service HRA
Total
$ -
$ - $ 9,553
$ 9,553
-
- 2,408
160,406
546,693
- 542
637,816
-
1,299,621
239,600
- 10,141
_ 288,823
786,293
- 22,644
2,396,219
(2,159) (242,871
786 293 $ - -- $20,485 $2.153.348
Property tax levies are set by the City Council in October each year
and are certified to the County for collection the following year. In
Minnesota, counties act as collection agents for all property taxes.
The County spreads the levies over all taxable property in the City.
Such taxes become receivables of the City as of January 1.
Property taxes are payable in�equal installments by property owners to
the County as follows:
Personal property - February 28 and June 30
Real property - May 15 and October 15
The County remits the collections to the City and other taxing
districts four times a year, on or before January 25, April 19, July 5
and December 4.
Unpaid taxes at December 31 become liens on the respective property
and are classified in the financial statements as delinquent taxes
receivable. The receivable is fully offset by deferred revenue as it
is not available to finance current expenditures.
A
Cities in Minnesota operate under a levy limitation law which allows
an increase in the tax levy each year equal to the Implicit Price
Deflator increase or 5%, whichever is greater, further indexed by the
percentage increase in households or population, whichever is
greater, Levies for bonded indebtedness are not limited by the law.
32
' NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 4 - Receivables (Continued)
Taxes payable on homestead property (as defined by State Statutes) are
partially reduced by a homestead,credit. This credit is paid to the
City by the State in lieu of taxes levied against homestead property.
' The State remits this credit in two equal installments in July and
December each year.
Note 5 - Fixed Assets
The following is a summary of changes in the general fixed assets
account group during the fiscal year:
Balance
January 1, 1988 Additions
Land $3,028,500 $ -
Buildings 2,794,279 77,309
Improvements other
than buildings 732,945 4,203
Machinery and
equipment 1,624,114 175,082
Furniture, fixtures
and office equipment 873,324 156,971
Construction in
process 1,332,366
Completed
Transfers
Balance
Retirements Construction
to other Funds
December 31, 1988
$ - $ -
$ -
$ 3,028,500
- 236
(236)
2,871,588
- 280,466
(280,466)
737,148
(2,911) -
-
1,796,285
- -
-
1,030,295
- (280,702)
1,051,664
Total general fixed
assets $9,053,162 $1,745,931 ILL 19-1-1 1 $ - -- $(280,702) $10,515,480
The following is a summary of proprietary fund -type fixed assets at
December 31, 1988:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Office furniture and equipment
Less: accumulated depreciation
Net fixed assets
33
Internal
Enterprise
Service
Funds
Fund
$ 88,934
$ -
376,514
81,877
5,124,355
9,071
526,930
78,974
38,225
10,691
(2,999,279)
8( 7,239)
$3,155,679
_ 93 374-
Note 6 - Risk Management
The City had the usual and customary type of miscellaneous claims
pending at year -end, mostly of a minor nature and usually all covered
by insurance carried for that purpose. At the present time, there is
no significant litigation pending not covered by the City's insurance.
Note 7 - Operating Leases
The City has leased premises for a liquor store under a five -year
lease agreement that expires in 1989. This lease is considered for
accounting purpose to be an operating lease. Lease expenditures for
the year ended December 31, 1988 amounted to $58,250.
Note 8 - Long -term Debt
General Obligation Bonds. The City issues general obligation bonds to
provide funds for the acquisition and construction of major capital
facilities. In addition, general obligation bonds have been issued to
refund general obligation tax increment and general obligation special
assessment bonds.
General obligation bonds are direct obligations and pledge the full
faith and credit of the City. General obligation bonds currently
outstanding are as follows:
34
NOTES TO THE
DECEMBER
FINANCIAL STATEMENTS
31, 1988
'
Note 5 - Fixed Assets
In proprietary funds, the following
estimated useful levies are
used
'
to compute depreciation:
Buildings
40
to 50 years
'
Machinery and equipment
5
to 20 years
Structures
5
to 20 years
Mains and lines
50
to 100 years
'
The following is a summary of
changes
in the general fixed assets
account group of the Housing
and Redevelopment,Authority:
Balance
Balance
January 1, 1988 Additions Retirements
December 31
1988
Land $ 69,688
$
- $ -
$ 69,688
Building 2,265,373
5,270 -
2,270,643
Equipment 274,665
5,664 -
280,329
'
Total HRA general
fixed assets $ 2,609,726
$
10,934 $ -
$ 2,620,660
,
Note 6 - Risk Management
The City had the usual and customary type of miscellaneous claims
pending at year -end, mostly of a minor nature and usually all covered
by insurance carried for that purpose. At the present time, there is
no significant litigation pending not covered by the City's insurance.
Note 7 - Operating Leases
The City has leased premises for a liquor store under a five -year
lease agreement that expires in 1989. This lease is considered for
accounting purpose to be an operating lease. Lease expenditures for
the year ended December 31, 1988 amounted to $58,250.
Note 8 - Long -term Debt
General Obligation Bonds. The City issues general obligation bonds to
provide funds for the acquisition and construction of major capital
facilities. In addition, general obligation bonds have been issued to
refund general obligation tax increment and general obligation special
assessment bonds.
General obligation bonds are direct obligations and pledge the full
faith and credit of the City. General obligation bonds currently
outstanding are as follows:
34
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 8 - Long -term Debt (Continued)
Purpose
Interest Rates Amount
General government -tax increment 7.00 -9.40X $11,410,000
General government -tax increment
refunding 5.75 -7.502 9,090,000
General government special assessment
refunding 5.25 -6.60 1,985,000
Annual debt service requirements to maturity for general obligation
bonds, including interest of $8,148,621 are as follows in (0001s):
Fiscal Year Ending
December 31
Total
1989
$ 2,394
1990
9,331
1991
3,885
1992
1,938
1993
1,921
Thereafter
11,165
Total $30,634
These figures include refunding payments of $6,925,000 in 1990 for Tax
Increment Bonds of 1980 and $1,800,000 in 1991 for Tax Increment Bonds
of 1985 to be paid in full from an escrow account managed by Marquette
Bank Trust Services. Until the crossover refunding dates, interest
payments for Tax Increment Refunding Bonds on 1987 will be paid from
interest income generated by the escrow account.
$12,999,367 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.
Long -Term Debt, Other. The City is the administering authority for
the following tax increment finance districts:
1. 1977 Downtown CBD Revitalization Plan A3
Type of District: Redevelopment
Authorizing Law: HRA (MN. Stats. & 462.545 and MN
Stats. & (462.585)
Duration of District: August 1, 2009
35
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 8 - Long -term Debt, Other (Continued)
Original assessed value: 2,212,911
Current assessed value: 12,829,173
Captured assessed value: 10,616,262
Total captured value retained: 10,616,262
Total bonds issued in 1988: -0-
Total loans incurred: -0-
2. 1984 Modification to the Downtown CBD Revitalization Plan C7
Type of District: Redevelopment
Authorizing law: HRA (MN Stats. & 462.545 and MN Stats.
& 462.585)
Duration of District: August 1, 2009
Original assessed value: 270,529
Current assessed value: 410,850
Captured assessed value: 140,321
Total captured value retained: 140,321
Total bonds issued in 1988: -0-
Total loans incurred: -0-
3.. 1984 University Avenue Redevelopment C8
Type of District: Redevelopment
Authorizing Law: HRA (MN. Stats. & 462.545 and MN. Stats
462.585)
Duration of District: August 1, 2009
Original assessed value: 252,797
Current assessed value: 1,268,103
Captured assessed value: 1,015,306
Total captured value retained: 1,015,306
Total bonds issued in 1988: -0-
Total loans issued in 1988: -0-
4. 1987 Sullivan Lake Development H2
Type of District: Economic
Authorizing Law: HRA (MN. Stats. & 462.545 and MN. Stats
& 462.585)
Original assessed value:
Current assessed value:
Captured assessed value:
Total captured value received:
Total bonds issued in 1988:
Total loans issued in 1988:
407,065
402,746
-0-
-0-
-0-
-0-
All tax increment districts are pooled into one fund.
36
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
DECEMBER 31, 1988
Note 8 - Long -term Debt, Other (Continued
Changes in Long -term Liabilities. During the
year ended December
31,
1988, the following changes occurred in liabilities
reported
in the
general long -term debt account group:
Balance
Balance
January 1 Additions Reductions
December 31
' Compensated absences $ 282,466 $ -
$ (230)
$ 282,236
General obligation
tax increment 20,900,000 -
(400,000)
20,500,000
' General obligation
special assessment 2,230,000 -
(245,000)
1,985,000
$23,412,466 $ -
$(645,230)
$22,767,236
Note 9 - Interfund Assets /Liabilities
' Interfund Receivable /Payable
Receivable
Payable
HRA general fund
$203,025
$25,671
HRA special revenue funds
Downtown development
25,682
25,346
Low income housing
1,410
Anoka County community development
block grant
25,345
3,248
$254,052
$254,052
1 37
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1989
Note 10 - Segment Information - Enterprise Funds
The City maintains four enterprise funds which are intended to be
self- supporting. Financial segment information as of and for the year
ended December 31, 1988 is presented below:
Note 11 - Contingent Liabilities
Amounts received or receivable from grantor agencies are subject to
audit and adjustment by grantor agencies. Any disallowed claims,
including amounts already collected, may constitute a liability of the
applicable funds. The amount, if any, of expenditures which may be
disallowed.by the grantor cannot be determined at this time although
the City expects such amounts, if any, to be immaterial.
Note 12 - Deferred Compensation Plan
The government offers its employees a deferred compensation plan
created in accordance with Internal Revenue Code Section 457. The
plan, available to all government employees, permits them to defer a
portion of their salary until future years. Participation in the plan
is optional. The deferred compensation is not available to employees
until termination, retirement, death or unforeseeable emergency. All
amounts of compensation deferred under the plan, all property and
rights purchased with those amounts, and all income attributable to
those amounts, property or rights are (until paid or made available to
the employee or other beneficiary) solely the property and rights of
the government subject only to the claims of the government's general
creditors. Participants' rights under the plan are equal to those of
general creditor of the government in an amount equal to the fair
market value of the deferred account for each participant.
It is the opinion of the government's legal counsel that the
government has no liability for losses under the plan but does have
the duty of due care that would be required of an ordinary prudent
investor. The government believes that it is unlikely that it will
use the assets to satisfy the claims of general creditors in the
future.
Investments are managed by the plan's trustee under one of four
investment options, or a combination thereof. The choice of the
investment option(s) is made by the participants.
t
1
38 1
Liquor
Water
Sewer
Refuse
Total
Operating revenues
$3,590,552
$ 931,513
$ 818,125
$641,852
$5,982,042
Depreciation expense
30,424
48,820
88,074
442
167,760
Operating income
181,612
149,151
20,556
89,920
441,239
Net income
81,140
176,311
179,911
33,985
471,347
Property, plant and equipment
additions
58,231
259,822
83,104
2,453
403,610
Net working capital
830,437
644,309
2,128,330
(59,728)
3,563,348
Total assets
1,570,736
2,433,425
4,050,998
131,783
8,186,942
Total equity- contributed
961,984
862,812
1,824,796
Total equity - retained earnings
1,364,954
1,415,732
3,178,362
131,444
6,090,492
Note 11 - Contingent Liabilities
Amounts received or receivable from grantor agencies are subject to
audit and adjustment by grantor agencies. Any disallowed claims,
including amounts already collected, may constitute a liability of the
applicable funds. The amount, if any, of expenditures which may be
disallowed.by the grantor cannot be determined at this time although
the City expects such amounts, if any, to be immaterial.
Note 12 - Deferred Compensation Plan
The government offers its employees a deferred compensation plan
created in accordance with Internal Revenue Code Section 457. The
plan, available to all government employees, permits them to defer a
portion of their salary until future years. Participation in the plan
is optional. The deferred compensation is not available to employees
until termination, retirement, death or unforeseeable emergency. All
amounts of compensation deferred under the plan, all property and
rights purchased with those amounts, and all income attributable to
those amounts, property or rights are (until paid or made available to
the employee or other beneficiary) solely the property and rights of
the government subject only to the claims of the government's general
creditors. Participants' rights under the plan are equal to those of
general creditor of the government in an amount equal to the fair
market value of the deferred account for each participant.
It is the opinion of the government's legal counsel that the
government has no liability for losses under the plan but does have
the duty of due care that would be required of an ordinary prudent
investor. The government believes that it is unlikely that it will
use the assets to satisfy the claims of general creditors in the
future.
Investments are managed by the plan's trustee under one of four
investment options, or a combination thereof. The choice of the
investment option(s) is made by the participants.
t
1
38 1
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans
The Columbia Heights Police Relief Association provides a pension plan
for all sworn police officers hired prior to June 15, 1972. The
Columbia Heights Fire Department Relief Association provides a pension
plan for all regular fire fighters hired prior to December 31, 1974,
and all volunteer fire fighters. 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 1987 the amounts were:
Levy
Police Relief $ 65,242
Fire Relief -Paid 54,328
Fire Relief - Volunteer 13,247
$132,817
State -Aid Total
$115,209 $180,451
60,200 114,528
13,247
$175,409 $308,226
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 5X 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, 1988.
Accrued Actuarial
Assets
Police Relief -Dated
December 31, 1987 $2,139,117
Fire Relief -Paid 1,177,260"
Fire Relief - Volunteer
Dated December 31, 1986 660,434
Accrued Funded (Unfunded)
Liability Accrued Liability
$3,831,372
2,707,195
388,081
Columbia Heights Police Relief Association
Benefit Provisions
$(1,692,255)
(1,529,935)
272,353
Age & Service Retirement
Eligibility: 20 years of service and 50 years of age.
Amount: For first 20 years of service, 35/80 of base pay at
retirement. For each year in excess of 20, an additional 1/80 is
added up to a maximum of 40/80 of base pay for 25 or more years
of service. In addition, and not subject to the above maximum,
for each year over 25, a benefit of 1/2% of base pay is added to
the benefit. (The additional benefit is not subject to the
post - retirement adjustment provisions.)
39
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans (Continued)
Pay Used for Plan Purposes: "Base Pay' means the salary of a top
patrolman.
Disability Requirement:
Eligibility -- Disabled to the extent that unable to perform
duties of patrolman before being eligible for age and service
retirement.
Amount- -35/80 of salary at time of disability.
Members Death While Active, Or In Deferred Status, or Retired:
Eligibility- -
Spouse: Legally married to member at separation from service
and residing with member at time of death. Benefits
terminate upon remarriage.
Child: Younger than age 18.
Amount- -
Spouse: 2/3 of amount member was receiving or would have
received.
Child: $600 per year per child.
Maximum Family Benefit: Amount member was receiving or would
have been receiving.
Vested Deferred: 20 years of service and separated before age 50.
Payment beginning is deferred to attainment of age 50.
Post Retirement Adjustments ( "Escalator "): Each time base pay is
changed payments to age and service and surviving spouse benefit
recipients are changed by the same percent that base pay
changes. Disability benefits are changed by the percent change
in the salary of an active patrolman holding the rank that the
disabled member held at the time of the disability. Children's
benefits are not escalated.
Member Contributions: 8X of base pay. Total contributions are
refundable, without interest, if no benefit is payable upon
separation from service. When member has 25 years of service,
contributions cease.
Pension Benefit Obligation
The amount shown below as the "pension benefit obligation" is a
standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases,
estimated to be payable in the future as a result of employee service
to date. The measure is the actuarial present value of credited
projected benefits and is intended to (i) help users assess the plan's
funding status on a going- concern basis, (ii) assess progress being
made in accumulating sufficient assets to pay benefits when due, and
(iii) allow for comparisons among public employee retirement plans.
The measure is independent of the actuarial funding method used to
determine contributions to the plan.
The pension benefit obligation was determined as part of an actuarial
valuation of the plan as of December 31, 1987. Significant actuarial
assumptions used in determining the pension benefit obligation include
(a) a rate of return on the investment of present and future assets of
S.OZ per year compounded annually, (b) projected salary increases of
40
NOTES TO FINANCIAL.STATEMENTS (CONTINUED)
DECEMBER 31, 1988
' Note 13 - Retirement Plans (Continued)
3.5X per year compounded annually, attributable to inflation, and (c)
1 the assumption that benefits will increase 3.5X per year after
retirement.
The pension benefit obligation was determined as part of an actuarial
valuation of the plan as of December 31, 1987. Significant actuarial
assumptions used in determining the pension benefit obligation include
(a) a rate of return on the investment of present and future assets of
5.OX per year compounded annually, (b) projected salary increases of
3.5X per year compounded annually, attributable to inflation, and (c)
the assumption that benefits will increase 3.5X per year after
retirement.
f At December 31, 1987, the unfunded pension benefit obligation was
$1,635,540, determined as follows:
Pension Benefit Obligation:
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits $2,733,900
' Current employees:
Accumulated employee contributions
including allocated investment income 134,505
Employer financed 896,875
Total Pension Obligation $3,765,280
Net assets available for benefits, at cost
(market value was $2,157,871) 2,129,740
Unfunded Pension Benefit Obligation $1,635,540
The total pension benefit obligation as of January 1, 1987 was
$3,648,804. During the year, the plan experienced a net change of
$116,476 in the pension benefit obligation.
Contributions Required and Contributions Made
' The Association's funding policy provides for periodic employer
contributions at actuarially determined rates that, expressed as
percentages of annual covered payroll, are designed to accumulate
sufficient assets to pay benefits when due. The normal cost and
actuarial accrued liability are determined using an entry age
actuarial funding method. Unfunded actuarial accrued liabilities are
being amortized as a level dollar amount over a period of 22 years.
During the year ended December 31, 1987, contributions totaling
' $171,817 ($159,992 employer and $11,825 employee) were made in
accordance with contribution requirements determined by an actuarial
valuation of the plan as of December 31, 1985. The employer
contributions consisted of $33,247 for normal cost and $126,745 for
' amortization of the unfunded actuarial accrued liability. Employer
contributions represented 104.57% of covered payroll.
41
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
,
Note 13 - Retirement Plans (Continued)
Significant actuarial assumptions used to compute contribution
requirements were the same as those used to compute the standardized
measure of the pension benefit obligation.
Computed Contribution Comparative Schedule
Contribution Rates
'
Fiscal Valuation Normal Cost Dollar
Cont.
Year Date X of Valuation UAAL Valuation For Fiscal Year
December 31 December 31 Payroll Dollars Payroll Computed
Actual
'II
1987 1985 21.73X $127,001 $153,000 $160,254
$159,992
1988 1986 22.73X 125,356 159,840 161,688
1989 1987 23.73X 125,451 166,260 164,904
Required Supplementary Information
Analysis of Funding Progress
(1) (2) (3) (4) (5)
(6)
Pension Unfunded PBO
Valuation Net Assets Benefit Percent Unfunded Annual as a
Percentage
Date Available Obligation Funded PBO Covered of Covered Payro
Dec. 31 for Benefits (PBO) (1)/(2) (2) -(1) Payroll
(4)/(5)
1987 $2,129;770 $3,765,280 56.6X $1,635,540 $166,260
983.7X
'
Analysis of the dollar amounts of net assets available for benefits,
pension benefit obligation, and unfunded pension benefit obligation in
isolation can be misleading. Expressing the net assets available for
benefits as a percentage of the pension benefit obligation provides
one indication of the plan's funded status on a going- concern basis.
Analysis of this percentage over time indicates whether the system is
becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the plan. The unfunded pension benefit
obligation and annual covered payroll are both affected by inflation.
,
Expressing the unfunded pension benefit obligation as a percentage of
annual covered payroll approximately adjusts for the effects of
inflation and aids analysis of the progress being made in accumulating
sufficient assets to pay benefits when due. Generally, the smaller
this percentage, the stronger the plan.
Columbia Heights Fire Department Relief Association (Paid Division)
Benefit Provisions
Age and Service Retirement
Eligibility: 20 years of service and 50 years of age.
Amount: For first 20 years of service, 35/80 of base pay. For
each year in excess of 20, an additional 1/80 is added up to a
42
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans (Continued)
maximum of 45/80 of base pay for 30 or more years of service. In
addition, and not subject to the above maximum, for each year
over 25, a benefit of 1 /2X of base pay is added to the benefit.
(The additional benefit is not subject to the post retirement
adjustment provisions.)
Pay Used for Plan Purposes: "Base pay" means the salary of a first
grade fireman.
Disability Retirement:
Eligibility =- Disabled to the extent that no longer able to
perform the duties of a fireman before being eligible for age and
service retirement.
Amount --
(1) Less than 10 years service -30/80 of base pay
(2) 10 to 15 years service -35/80 of base pay
(3) 15 or more years service -40/80 of base pay to age
50 at which, time the benefit is recomputed based
on service assuming a minimum of 20 years of service.
Members Death While Active, or in Deferred Status, or Retired:
Eligibility- -
Spouse: Legally married to member at least 1 year before
separation from service and residing with member at time of
death. Benefits terminate upon remarriage.
Child: Younger than age 18, or 22, if full time student.
Amount- -
Spouse: 32/80 of base pay
Child: 4/80 of base pay per child. Children's maximum is
8/80 of base pay if spouse is receiving or 12/80 of base pay
if no spouse is receiving.
Vested Deferred - -20 years of service and separated before age
50. Payment beginning is deferred to attainment of age 50.
Post - Retirement Adjustments ( "Escalator "): Each time base pay is
changed, payments to all benefit recipients are simultaneously
changed by the same percent that base pay is changed.
Member Contributions: 8X of base pay. Total member contributions are
refundable, without interest, upon separation from service if no
monthly benefit is payable.
Pension Benefit Obligation
The amount shown below as the "pension benefit obligation" is a
standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases,
estimated to be payable in the future as a result of employee service
to date. The measure is the actuarial present value of credited
projected benefits and is intended to (i) help users assess the plan's
funding status on a going- concern basis, (ii) assess progress being
made in accumulating sufficient assets to pay benefits when due, and
(iii) allow for comparisons among public employee retirement plans.
The measure is independent of the actuarial funding method used to
determine contributions to the plan.
43
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans (Continued)
The pension benefit obligation was determined as part of an actuarial
valuation of the plan as of December 31, 1988. Significant actuarial
assumptions used in determining the pension benefit obligation include
(a) a rate of return on the investment of present and future assets of
S.OX per year compounded annually, (b) projected salary increases of
3.5X per year compounded annually, attributable to inflation, and (c)
the assumption that benefits will increase 3.5X per year after '
retirement.
At December 31, 1988, the unfunded pension benefit obligation was
$1,514,885, determined as follows: '
Pension Benefit Obligation;
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits $2,452,380
Current Employees;
Accumulated employee contributions
including allocated investment income 27,889
Employer Financed 212,519
Total Pension Benefit Obligation $2,615,750
Net Assets Available for Benefits, at cost
(market value was $1,119,206) 1;177,903
Unfunded Pension Benefit Obligation $1,514,885
The total pension benefit obligation as of January 1, 1988 was
$2,615,750.
During the year the plan experienced a net change of $77,038 in ,
pension benefit obligation.
Contributions Required and Contributions Made
The Association's funding policy provides for periodic employer
contributions at actuarially determined rates that, expressed as
percentages of annual covered payroll, are designed to accumulate �.
sufficient assets to pay benefits when due. The normal cost and
actuarial accrued liability are determined using an entry age
actuarial funding method. Unfunded actuarial accrued liabilities are
being amortized as a level dollar amount over a period of 22 years.
During the year ended December 31, 1988, contributions totaling
$108,023 ($105,541 employer and $2,482 employee) were made in
accordance with contribution requirements determined by an actuarial
valuation of the plan as of December 31, 1986. The employer
contributions consisted of $6,812 for normal cost and $98,729 for
amortization of the unfunded actuarial accrued liability. Employer
contributions represented 352.79X of covered payroll.
Significant actuarial assumptions used to compute contribution
requirements were the same as those used to compute the standardized
measure of the pension benefit obligation. 1 11
d-
44 1
(1)
Valuation Net Assets
Date Available
Dec. 31 for Benefits
Required Supplementary
NOTES
TO THE FINANCIAL
STATEMENTS
(CONTINUED)
1
(3)
DECEMBER
31, 1988
Benefit
Percent Unfunded
Note 13
- Retirement
Plans (Continued)
Funded
PBO
Covered
'
(1)/(2)
Computed Contribution Comparative
Schedule
Contribution Rates
Fiscal
Valuation
Normal Cost
Dollar Contribution
Year
Date
X of Valuation
UAAL
Valuation
For Fiscal Year
Dec.31
Dec. 31
Payroll
Dollars
Payroll
Computed Actual
1987
1985
22.77%
$106,347
$27,658
$112,645 $111,952
1988
1986
22.77%
111,449
29,916
118,261 105,541
1989
1987
22.78%
112,770
31,113
119,858
1990
1988
27.02
116,442
32,352
125,184
(1)
Valuation Net Assets
Date Available
Dec. 31 for Benefits
Required Supplementary
Information
Analysis
of Funding
Progress
(2)
(3)
(4)
(5)
Benefit
Percent Unfunded
Annual
Obligation
Funded
PBO
Covered
(PBO)
(1)/(2)
(2) -(1)
Payroll
(6)
Unfunded PBO
as a Percentage
a Covered Payro
(4)/(5)
1987 $1,103,402 $2,615,750 42.2% $1,512,348 $31,113 4,860.8%
1988 1,177,903 2,692,788 43.7% 1,514,885 32,352 4,682.5%
Analysis of the dollar amounts of net assets available for benefits,
pension benefit obligation, and unfunded pension benefit obligation in
isolation can be misleading. Expressing the net assets available for
benefits as a percentage of the pension benefit obligation provides
one indication of the plan's funded status on a going- concern basis.
Analysis of this percentage over time indicates whether the system is
becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the plan. The unfunded pension benefit
' obligation and annual covered payroll are both affected by inflation.
Expressing the unfunded pension benefit obligation as a percentage of
annual covered payroll approximately adjusts for the affects of
inflation and aids analysis of the progress being made in accumulating
sufficient assets to pay benefits when due. Generally, the smaller
this percentage, the stronger the plan.
Columbia Heights Fire Department Relief Association (Volunteer Division)
Benefit Provisions
' Age and Service Retirement:
Eligibility - -20 years of service and 50 years of age.
Amount - -For first 20 years of service, $2,472 per year. For each
year in excess of 20, an additional $48 per.year is added up to a
maximum of $2,952 per year for 30 or more years of service.
Member may elect to receive an optional lump sum benefit of
$12,000 rather than monthly benefits.
45
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans (Continued) ,
Disability Retirement:
Eligibility -- Disabled to the extent that no longer able to
perform services required of a fire fighter before being eligible
for age and service retirement. If duty related, there is no
service requirement. If non -duty related, member must have at
least 10 years of service to qualify.
Amount - -(1) Duty Related. Same as regular retirement assuming '
a minimum of 20 years of service.
(2) Non Duty Related. For 10 years of service, $744 per
year. For each year in excess of 10, an additional
$96 per year is added up to a maximum of $1,704 per
year. Non -duty benefit payments do not begin until
member reaches age 50.
Death Benefits:
Eligibility- -
Spouse: Legally married to
3 years prior to death and
death.
Child: Younger than 16 or,
than 18.
member while active and at least
residing with member at time of
if full time student, younger
Amount - -(1) If Death Occurs After 20 Years Service as Volunteer
Spouse: $996 per year for first 20 years service.
For each year in excess of 20, an additional $24 per
year to a maximum of $1,236 per year for 30 or more
years of service.
'
Child: $120 per year per child with$240 maximum per
year. Spouse and child benefits are not payable
until such time as member would have reached age 50
had the member survived.
(2) If Death Occurs Prior to Completion of 20 Years
Service but After 10 Years Service and Death is Not
Duty Related.
Spouse: Lump sum payment of $1,650 for first 10
years service plus "$220 for each full year in excess
of 10 but less than 16 plus $275 for each full year
in excess of 15.
Child (maximum of 2): Lump sum payment of $206 for
first 10 years service plus graded increases for
each full year in excess of 10 to a maximum of $481
for 20 years of service.
(3) If Death is Duty Related.
Spouse and Child: Same as benefit under (1) except
that (i) benefits are payable immediately and (ii)
if member was younger than 50, benefits are based on
20 years service regardless of amount of actual
service. At the time the member would have reached
age 50, the benefit is recomputed to give credit for
any actual service over 20 years.
Lump Sum Payment. $1,375 is paid to the surviving
spouse or nearest living relative in addition to the
benefits listed above.
46 1
' NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
' Note 13 - Retirement Plans (Continued)
Vested Deferred- -
10 But Less Than 20 Years Service:
' Lump sum payment of $6,000 for first 10 years plus
$600 per year for each full year in excess of 10.
Payment is deferred to age 50 and termination of
service must have resulted from circumstances beyond
' the member's control.
More Than 20 Years Service and Separated Before Age 50:
Benefit amount is same as age and service benefit
' and payment beginning is deferred to attainment of
age 50.
Member Contributions - -None
Pension Benefit Obligation
Amount shown below as the "pension benefit obligation" is a
standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases,
estimated to be payable in the future as a result of employee service
to date. The measure is the actuarial present value of credited
projected benefits and is intended to (i) help users assess the plan's
funding status on a going- concern basis, (ii) assess progress being
made in accumulating sufficient assets to pay benefits when due, and
(iii) allow for comparisons among public employee retirement plans.
' The measure is independent of the actuarial funding method used to
determine contributions to the plan.
'
The pension benefit obligation was determined as part of an actuarial
valuation of the plan as of December 31, 1986. Significant actuarial
assumptions used in determining the pension benefit obligation include
(a) a rate of return on the investment of present and future assets of
S.OX per year compounded annually, and (b) the assumption that
benefits will not increase after retirement.
' At December 31, 1986, the assets in excess of the pension benefit
obligation were $280,733, determined as follows:
Pension Benefit Obligation;
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits $271,836
Current employees -- Accumulated employee
contributions including allocated
investment income -0-
Employer Financed 92,518
Total Pension Benefit Obligation $364,354
Net assets available for benefits, at
cost (market value was $691,128) 645,087
Assets in excess of the Pension Benefit
Obligation $280,733
47
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans (Continued)
Public Employee's Retirement Association
A. Plan Description
All full -time and certain part -time employees of the City of Anytown
are covered by defined benefit pension plans administered by the
Public Employees Retirement Association of Minnesota (PERA). PERA
administers the Public Employees Retirement Fund (PERF) and the Public
Employees Police and Fire Fund (PEPFF) which are cost - sharing
multiple - employer retirement plans. PERF members belong to either the
Coordinated Plan or the Basic Plan. Coordinated members are covered
by Social Security and Basic members are not. All new members must
participate in the Coordinated Plan. All police officers, fire
fighters and peace officers who qualify for membership by statute are
covered by the PEPFF. The payroll for employees covered by PERF and
PEPFF for the year ended December 31, 1988, was $2,248,813 and
$802,723, respectively; the City's total payroll was $3,051,536.
PERA provides retirement benefits as well as disability benefits to
members, and benefits to survivor upon death of eligible members.
Benefits are established by State Statute and vest after five years of
credited service. The defined retirement benefits are based on
member's average salary for any five successive years of allowable
service, age, and years of credit at termination of service. The
annuity accrual rates for a Basic member is 2 percent of average
salary for each of the first 10 years of service and 2.5 percent for
each remaining year. For a Coordinated member, the annuity accrual is
1 percent of average salary for each of the first 10 years and 1.5
percent for each remaining year. For PEPFF members, the annuity
accrual rate is 2.5 percent of average salary for each of the first 25
years and 2 percent for each remaining year. For both PERF and PEPFF,
members are eligible for a full annuity when age plus years of service
equal 90.
There are different types of annuities available to members upon
retirement. A normal annuity is a lifetime annuity that ceases upon
the death of the retiree. No survivor annuity is payable. There are
also various types of joint and survivor annuity options available
which will reduce the monthly normal annuity amount because the
annuity is payable over joint lives. Members may also leave their
contributions in the fund upon termination of public service in order
to qualify for a deferred annuity at retirement age. Refunds of
contributions are available at any time to members who leave public
service, but before retirement benefits begin.
B. Contributions Required and Contributions Made
Minnesota Statutes Chapter 353 sets the rates for employer and
employee contributions. The City makes annual contributions to the
pension plans equal to the amount required by state statutes.
48
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
' Note 13 - Retirement.Plans (Continued)
Minnesota Statutes Chapter 356.215, Subd. 4 (g) provides the formula
for determining the date of full funding for the PERF and the PEPFF.
' Those dates are 2010 and 2018 respectively. As part of the annual
actuarial valuation, PERA's actuary determines the sufficiency of the
statutory contribution rates towards meeting the required full funding
deadline. The actuary compares the actual contribution rate to a
"required" contribution rate. Current statutory contribution rates
and actuarially required contribution rates for the plans are as
follows:
'
Statutory Rates: Required
Employees Employer Rates
PERF:
Basic Plan 82 10 -1/22 9.462
Coordinated Plan 42 4 -1/42 5.112
PEPFF 82 122 15.972
Total contributions made by the City during fiscal year 1988 were:
' Percentage of
Amounts Covered Payroll
Employees Employer Employees Employer
PERF:
4 Basic Plan $ 23,715 $ 31,126 0.77722 1.02002
Coordinated Plan 78,104 82,988 2.55952 2.71952
PEPFF 64,218 96,327 2.10442 3.15672
TOTALS $166,037 $210,441
The City's contribution for the year ended June 30, 1988, to the PERF
represented 0.15 percent of total contributions required of all
participating entities. For the PEPFF, contributions for the year
' ended June 30, 1988, represented 0.05 percent of total contributions
required of all participating entities.
C. Funding Status and Progress
' 1. Pension Benefit Obligation
' The "pension benefit obligation" is a standardized disclosure
measure of the present value of pension benefits, adjusted for
the effects of projected salary increases and step -rate benefits,
estimated to be payable in the future as a result of employee
' service to date. The measure, which is the actuarial present
value of credited projected benefits, is intended to help users
assess PERA's funding status on a going- concern basis, assess
progress made in accumulating sufficient assets to pay benefits
' when due, and make comparisons among Public Employees Retirement
Systems and among employers. PERA does not make separate
measurements of assets and pension benefit obligation for
' individual employers.
1 49
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 13 - Retirement Plans (Continued)
The pension benefit obligations as of June 30, 1988 are shown below:
Total Pension Benefit Obligation
Net Assets Available for Benefits
at market
Unfunded Pension Benefit
Obligation
PERF
$3,334,423,000
2,749,289,000
$ 585,134,000
PEPFF
$512,921,000
584,871,000
$(71,950,000)
The measurement of the pension benefit obligation is based on an
actuarial valuation as of June 30, 1988. Net assets available to
pay pension benefits were valued as of June 30, 1988.
2. Change in Actuarial Methods
D. Ten -Year Historical Trend Information
Ten -year historical trend information is presented in PERA's
Comprehensive Annual Financial Report for the year ended June 30,
1988. This information is useful in assessing the pension plan's
accumulation of sufficient assets to pay pension benefits as they
become due.
E. Related Party Investments
As of June 30, 1988, and for the fiscal year then ended, PERA held no
securities issued by the City or other related parties.
Note 14 - 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 4X.
Prior to 1988, the City received credits against M.W.C.C.
,
billings totaling $378,804 of which $178,134 was treated as a
reduction of principal. During 1988 the City received a credit
of $22,272 of which $13,376 was a reduction of principal. As of
December 31, 1999, a balance of $209,023 remained to be collected
,
over the next thirteen years.
50
'
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1999
' Note 14 - Proprietary Funds Contract Receivable and Deferred Receivable
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, 1988 was $9,616 and is collectible over the next
seven years. During 1988, the City received $4.560 related to
this receivable, of which $4,560 represented a reduction of
principal.
' Note 15 - Changes in General Fixed Assets
Changes in General Fixed Assets Account Group during 1988 were as
follows:
�JAdjus ents
Balance and Balance
an. 1, 1988 Additions etirements Dec. 31, 1988
' Land $3,02 80 $ $ _ $3,028,500
Bldgs. & Structures 3,499,864 9360 3,527,224
Furniture, Fixtures
& Office Equipment 821,7 556,53 4,094 873,324
Machinery & Equipment 1 4-5 070 195,675 30,631 1,624,114
TOTAL :>__$8,'809,199 $278,688 $34,725 _$9,053,162
Note 16 - HRA Property and Equipment
Adjustments
Balance and Balance
Jan. 1, 1988 Additions Retirements Dec. 31, 1988
Land $ 69,688 $ - $ - $ 69,688
Building 2,265,373 5,270 - 2,270,643
Equipment 274,665 5,664 - 280,329
' $2,609,726 $10,934 $ - $2,620,660
' Note 17 - Proprietary Fund Types Property and Equipment
A summary of the enterprise funds property and equipment at December
31, 1988 follows:
51
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
Note 17 - Proprietary Fund Types Property and Equipment (Continued) ,
Land
Buildings
Improvements Other Than
Buildings
Office Furniture & Equip.
Machinery & Equipment
Less Accumulated
Depreciation
Sewer
Water
Liquor
Utility
$ 7,125
$ 45,223
80,783
212,924
103,859
2,229,619
24,522
3,722
149,421
123,467
147,997
1,250,700
$217,713
$1,364,255
Sewer
Utility
Refuse
Total
$ 36,586
$
$ 88,934
26,245
319,952
2,475,155
2,890
4,811,523
3,414
31,658
226,218
175
499,281
,
1,432,723
99
2,831,519
_$1,334,895 2 966 $2,919,829 1
A summary of the Internal Service Funds, property and equipment at
December 31, 1988 follows:
Central
Garage
Buildings and Improvements $ 25,027
Office Furniture and Equipment 741
Machinery and Equipment 77,097
$102,865
Less Accumulated Depreciation 75,745
$ 27,120
Note 18 - Due From Other Governmental Units
General Fund
Anoka County - Street Maintenance $18,060
HRA 2,072 20,072
Special Revenue Funds
Paratransit - .Metropolitan Council. 5,771
Senior Citizens - Metropolitan Council 13,241 19,012
Enterprise Funds
Sewer - M.W.C.C. 239,600
City of Columbia Heights
Metro Council
52
4,095
6,046 10,141
$288,823
' NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1988
' Note 19 Reserved Fund Equity
The following reservations of fund equity have been made as of
December 31, 1988:
Debt Service Funds
' Debt Service $12,999,367
xRA
Reserved for Community Development 654,820
' General Fund 269,232
Special Revenue Funds
Cable Television 8,000
Recreation and Community Services 748
' Trust and Agency
Insurance Trust 370,145
Note 20 - Risk Management
The City established an Insurance Trust Fund utilizing $189,291 of
' General Fund reserved fund equity. These funds had previously been
reserved specifically for insurance. The City operated a risk
management program for liability and auto insurance in 1988. During
fiscal year 1988 a total of $3,795 was paid in claims and
' administrative costs. The City will be returning-to conventional
insurance coverage in 1989.
' ..Note 21 - Agency Funds
During fiscal year 1988 the City established Agency funds for escrow,
permit surcharges and deferred compensation.
53
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54
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t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
COMPARATIVE BALANCE SHEET
December 31, 1988 and 1987
ASSETS
Cash & investments
Receivables (net of allowances
for uncollectibles)
.Taxes:
Property -- delinquent
Accounts
Intergovernmental
Other accounts
Prepaid insurance
Total Assets
Liabilities and fund balances
Liabilities:
Accounts payable
Accrued salaries and withholdings
Deposits
Due to other governmental units
Deferred revenue
Total Liabilities
Fund Balance:
Reserved for encumbrances
Unreserved
Designated for subsequent year's
Expenditures
Undesignated
Total Fund Balance
Total Liabilities, and Fund Balance
Exhibit A -1
1988 1987
$4,772,358 $4,356,248
18,539
120,634
20,071
27,887
14,254
24,110
-
11,921
$4,825,222
aaaao= sasses
$4,540,800
a.aco- assess
$232,138
$26,996
25,106
119,812
18,307
43,761
55,401
16,050
15,000
$317,055
$235,516
$269,232
$384,954
92,839 184,079
4,146,096 3,736,251
------ - - - - -- ------ - - - - --
$4,508,167 $4,305,284
------ - - - - -- ------ - - - - --
$4,825,222 $4,540,800
------ - - - - -- ------ - - - - --
------------ ------ - - - - --
The notes to the financial statements are an integral part of this statement.
55
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit A -2
GENERAL FUND
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances
For the fiscal years ended December 31, 1988
and 1987
1988
1987
Revenues:.
------ - - - - --
------ - - - - --
Taxes
$1,783,104
$1,628,970
Licenses and permits
163,384
131,351
Intergovernmental
2,557,860
2,512,297
Charges for services
209,181
178,887
Fines
112,254
123,813
Interest
285,347
199,565
Miscellaneous
5,243
17,808
Total Revenues
------ - - - - --
$5,116,373
------ - - - - --
$4,792,691
Expenditures:
------ - - - - --
------ - - - - --
Current:
General government:
Council
$125,000
$116,385
Manager
170,490
169,799
Finance and Clerk
395,623
318,919
Assessing
75,873
73,070
Legal
91,428
115,242
Planning
12,653
10,501
Other -- unclassified
163,903
116,075
Total general government
------ - - - - --
1,034,970
------ - - - - --
919,991
Public safety:
------ - - - - --
------ - - - - --
Police-- Animal - -Civil Def
1,490,930
1,268,370
Fire
610,054
533,455
Inspections
117,212
114,070
Total public stafety
2,218,196
1,915,895
Highways and streets:
------ - - - - --
------ - - - - --
Engineering
149,762
134,454
Maintenance
413,670
.498,292
Total highways and streets
563,432
632,746
Sanitation
90,760
80,285
Parks
601,489
518,333
Library
353,241
261,583
Total expenditures
4,862,088
4,328,833
Excess of revenues over
------ - - - - --
------ - - - - --
expenditures
254,285
463,858
Other financing sources (uses):
------ - - - - --
------ - - - - --
Operating transfers out
(577,655)
(259,251)
Operating Transfers in
422,324
499,129
Contingencies
(3,000)
(10,356)
Sales of land
80,000
432,550
Sales of general fixed assets
7,294
8,752
Other refunds
19,635
28,221
Total other financing sources (uses)
(51,402)
699,045
Excess (deficiency) of revenues and other
------ - - - - --
------ - - - - --
financing sources over (under)
expenditures and other financing uses
202,883
1,162,903
Fund balances, January 1
4,305,284
3,142,381
Fund balances, December 31
------ - - - - --
$4,508,167-
------ - - - - --
-
The notes to the financial statements are an integral part of this statement.
-$4,305,284 -
56
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit
A -3
GENERAL FUND
COMPARATIVE STATEMENTS OF REVENUES,
EXPENDITURES
AND
CHANGES IN FUND
BALANCES -- BUDGET AND ACTUAL
For the fiscal years
ended December
31, 1988 and
1987
'
1988
----------------------------------------
Variance
------- - - - - --
- - -- -1987
---------------
- --
Variance
Revised
Favorable
Revised
Favorable
Budget
Actual
(Unfavorable)
Budget
Actual.
(Unfavorable
Revenues:
--------- -----
--- ------ --- ---
---- - ---- --
----------------------------------------
Taxes
$1,848,689
81,783,104
($65,585)
$1,688,115
$1,628,970
($59,145)
' Licenses and permits
148,325
163,384
815,059
151,075
131,351
(819,724)
Intergovernmental
2,503,204
2,557,860
$54,656
2,453,704
2,512,297
$58,593
Charges for services
178,334
209,181
830,847
140,614
178,887
$38,273
Fines
123,700
112,254
(811,446)
80,700
123,813
843,113
Interest
150,000
285,347
8135,347
100,000
199,565
899,565
Miscellaneous
5,650
------ -
5,243
(8407)
41,481
17,808
(823,673)
TotaL Revenues
- - - --
84, 957,902
--- --- - - - - --
85,116,373
------ - - - - --
8158,471
------ - - - - --
$4,655,689
------ - - - - --
$4,792,691
------ - - - - --
8137,002
Expenditures:
- - - --
------ - - - - --
--- --- - - - - --
------ - - - - --
------ - - - - --
------ - - - - --
General government:
Council
$138,873
8125,000
813,873
118,557
116,385
82,172
'
Manager
206,024
170,490
35,534
173,923
169,799
4,124
Finance and Clerk
431,964
395,623
36,341
370,942
318,919
52,023
Assessing
76,381.
75,873
508
68,087
73,070
(4,983)
Legal
91,500
91,428
72
119,050
115,242
3,808
'
Planning
12,901
12,653
248
12,200
10,501
1,699
Other -- unclassified
192,638
------ -- -- --
163,903
28,735
131,412
116,075
15,337
' TotaL general government
1,150,281
------ - - - - --
1,034,970
------ - - - ---
115,311
------ - - - - --
994,171
----- - - - - - --
919,991
----- - - - - - --
74,180
Publicsafety
-- ---- - - - ---
------ - -- - --
------ - - -- --
- ----- - - - - --
--- --- - - - - --
Police-- Animal- -Civil Def
1,564,612
1,490,930
873,682
1,340,393
1,268,370
872,023
Fire
678,889
610,054
68,835
598,052
533,455
64,597
'
Inspections
134,451
------ - - - - --
117,212
17,239
120,454
114,070
6,384
Total public stafety
2,377,952
------ - - - - --
2,218,196
------ - - - - --
159,756
------ - - - - --
2,058,899
------ - - - - --
1,915,895
------ - - - - --
143,004
' Highways and streets:
------ - - - - --
--- --- - -- - --
---- -- - - - - --
---- -- - - - ---
------ - - - ---
------ - - - - --
Enginerring
151,783
149,762
82,021
204,443
134,454
869,989
Maintenance
506,909
------ - - - - --
413,670
------
93,239
636,194
498,292
137,902
' Total highways and streets
658,692
- - - ---
563,432
- ----- - - - - --
95,260
------ - - - - --
840,637
-- ---- - - - - --
632,746
------ - - - - --
207,891
Sanitation
101,297
90,760
10,537
113,141
80,285
32,856
Parks
640,063
601,489
38,574
550,083
518,333
.31,750
' Library
- - -- 415,257
----
- - -- 353,241
62,016
299,332
261,583
37,749-
Total expenditures
5,343,542
- - --
4,862,088
- - - -- - - --
481,454
- - -- ---
4,856,263
- - -- - - - --
4,328,833
-----
527,430
Excessof revenues over
- - - - - --
------ - - - - --
------ - - - - --
- ----- - - - - --
------ - - - - --
------ -- - - --
' expenditures
(385,640)
254,285
(322,983)
(200,574)
463,858
(390,428)
Other financing sources (uses):
Operating transfers out
(625,995)
(577,655)
48,340
(146,253)
(259,251)
(112,998)
Operating Transfers in
465,463
422,324
(43,139)
530,854
499,129
(31,725)
'
Contingencies
(246,000)
(3,000)
243,000
(100,000)
(10,356)
89,644
Sales of land
18,000
80,000
62,000
2,000
432,550
430,550
Sales of general fixed assets
7,200
7,294
94
80
88,752
8,752
' other refunds
- - - -- 12,000-
19,635
-
7,635-
14,000
-221
14,221
Total other financing sources
(uses) (369,332)
- - -- ------
(51,402)
- - - - -- -----
317,930
- - - -- - - - - --
300,601
- - - - -28 -
699,045
- - - -- - - - - --
398,444
Excess (deficiency) of revenues and other ------ - - - - --
------ - - - - --
------ - - - - --
------ - - - - --
------ - - - - --
------ - - - - --
'
financing sources over (under)
expenditures and other financing
uses (754,972)
202,883
957,855
100,027
1,162,903
1,062,876
Fund balances, January 1
4,305,284
4,305,284
0
3,142,381
3,142,381
0
Fund balances, December 31
------ - - - - --
83,550,312
------ - - - - -- ------
84,508,167
- - - - --
8957,855
----- - - - - - --
83,242,408
------ - - - - --
84,305,284
------ - - - - --
81,062,876
The notes to the financial statements are an integral part
of this statement.
57
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w
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.
j
Revenue Sharing Fund - established by federal
legislation to account for the receipt and
I
expenditure of general revenue sharing funds.
Municipal State Aid - maintained according to
State Statute for the maintenance and
}
construction of streets or municipal state-
aid systems.
Cable Television - established to account for
revenues and expenditures associated with
cable television franchise.
Paratransit- established by agreement with the
Minnesota Department of Transportation to
account for the receipt of state grants and
rider fees and expenditures for service.
Recreation and Community Service Funds - governed
by a commission established by an agreement
between the City and Independent School District
#13 school board.
Incentive Grant, Public Information and
Education Grant, Demonstration Grant Funds -
established to account for the receipt of
grant revenues for recycling and expenditures
I
for the promotion of recycling in the city.
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59
CITY OF COLUMBIA HEIGHTS, MINNESOTA
$1,932
$5,879
Exhibit B -1
SPECIAL REVENUE FUNDS
-
-
4,705
COMBINING BALANCE SHEET
-
-
305
December 31, 1988
-
-
-
(With Comparative Totals for December 31,
1987)
------ - - - - --
$5,879
------ - - - - --
------ - - -- --
$22,777
------ -- - - --
--------------------------------------------------------------------------------------------------------------------------------
8,000
-
,��- zGo
- (199,086)
43,060
-
10,000
- -
Municipal
22,785
Z Recreation
Revenue
State
Cable
& Community
Sharing
------ - - - - --
Aid
---- -- -- - - --
Television
---- -- -- - - --
Paratransit Services
------ - - - - -- -- --- - - - - - --
ASSETS
Cash and Investments
Total Cash and Investments
Accounts receivable
Due from other governmental units:
Due from Federal - Metropolitan Council
Due from State of Minnesota
Total Assets
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
Accrued salaries payable
Accrued F.I.C.A/P.E.R.A. payable
Contracts payable retained percentage
Due to other government units
Total Liabilities
Fund Balances:
Reserved for encumbrances
Unreserved:
Designated for subsequent year's
expenditures
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
$ - ($174,388) $193,641 $22,614 $22,328
------ - - - - -- ------ - - - - -- ------ - - - - -- -- ---- ------ ------ - - - - --
($174,388) $193,641 $22,614 $22,328
15,334 280 58,542
- 13,241
5,770 -
------ - - -- -- ------ - - - - -- ------ - - - - -- ------ - - - - -- ------ - - - - --
$ - ($174,388) $208,975 $28,664 $94,111
$ - $3,840
$1,932
$5,879
$17,767
- 91
-
-
4,705
- -
-
-
305
- 20,767
-
-
-
------ - - - - -- ------ - - - - --
- $24,698
------ - - - - -- ------ - - - - --
----- - - - -- --
$1,932
------ - - - - --
------ - - - - --
$5,879
------ - - - - --
------ - - -- --
$22,777
------ -- - - --
- -
8,000
-
748
- (199,086)
43,060
-
10,000
- -
155,983
22,785
60,586
------ - - - - -- ------ - - - - --
- ($199,086)
------ - - - - --
$207,043
------ - - - - --
$22,785
------ - - - - --
$71,334
---- -- - - - - -- ------ - - - - --
$ - ($174,388)
------ - - - - --
$208,975
-- --- - - - - - --
$28,664
------ - - - - --
$94,111
The notes to the financial statements are an integral part of this statement.
.1
2� t-
----------------------------------------------------------------------------
2w Public
Information Totals
Incentive & Education Demonstration ---------------------------
Grant Grant Grant 1988 1987
------ - - -- -- ---=-- - -- - -- ------- - - - - -- -- -- -- - - - - -- ------ - - - - --
($2,715) $3,219 $2;112 $66,811 $583,285
-- - - - - -- ------ - -- - -- --- ---- - -- - -- ------ - -- - -- ------ - - - - --
(52,715) $3,219 $2,112 66,811 $583,285
- - 74,156 57,668
13,241 -
- 5,770 3,489
------ - - - - -- ------ - - - - -- ------- - -- - -- ------ - - - - -- ------ - - - - --
($2,715) $3,219 $2,112 $159,978 $644,442
$ - $ - $ -
$29,418
$15,957
- - -
4,796
15,712
- - 20
325
1,305
- -. -
20,767
-
- - -
-
160
------ - - - - -- ------ - - - - -- ------- - - - - --
- - 20
-- ---- - - - - -- ------ - - - - -- ----- -- -- - ---
------ - - - - --
55,306
------ - - - - --
------ - -- - --
33,134
-- -- -- - - - - --
- - -
8,748
-
- - -
(146,026)
420,272
(2,715) 3,219 2,092
241,950
191,036
- ----- - - - - -- ------ - - -- -- ------- - - - - --
($2,715) $3,219 $2,092
------ - - - - --
104,672
------ - - - - --
611,308
------ - - - - -- ------ - - - - -- ------- - - - - --
($2,715) $3,219 $2,112
------ - - - - --
$159,978
---- -- - - - - --
$644,442
61
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
For the Fiscal Year Ended December 31, 1988
(With Comparative Totals for the Fiscal Year Ended December 31, 1987)
Exhibit B -2
--------------------------------------------------------------------------------------------------------------------
Municipal
Revenue
State
Cable
Sharing
------ - - - - --
Aid
------ - - - - --
Television
------ - - - - --
Paratransit
------ - - - - --
Revenues:
Revenue from other agencies:
Federal
$ -
$ -
$ -
$ -
State of Minnesota,,
-
380,278
-
18,848
Independent SchooO District #13
-
-
-
-
Interest earnings
-
-
10,928
-
Fees
-
-
57,029
9,101
Contributions
-
-
-
-
Miscellaneous
-
-
-
48,099
-
-
Total Revenues
--- --- - - - - --
-
------ - - - - --
------ - - - - --
380,278
----- - - - - - --
---- -- - - - - --
116,056
------ - - - ---
--- --- - - - --
27,949
------ - - - - --
Expenditures:
Personal services
-
50,852
969
-
Supplies
-
7,126
661
-
Other services and charges
-
24,507
10,728
27,081
Capital outlay
-
412,149
------ - - - - --
2,690
--- --- - -- - --
-
------ - - - - --
Total Expenditures
- ----- - - - - --
-
494,634
15,048
27,081
Excess of revenues over (under)
------ - - - - --
------ - - - - --
------ - - -- --
------ - - - - --
expenditures
-
------ - - - - --
(114,356)
------ - - - ---
101,008
------ - - - ---
868
------ - - - - --
Other Financing Sources (Uses):
Operating transfers in
-
-
-
10,000
Operating transfers out
(80,740)
(392,401)
(20,225)
(4,698)
Total other financing sources (uses)
------ - - - - --
($80,740)
------ - - - - --
(392,401)
------ - - - - --
(20,225)
------ - - - - --
5,302
Excess of revenues and other
------ - - - - --
------ - - -- --
------ - - - - --
------ - - - - --
financing sources over (under)
expenditures and other financing uses
(80,740)
(506,757)
80,783
6,170
Fund balances, January 1
80,740
307,671
126,260
- - --
16,615
------ - - - - --
Fund balances, December 31
------ - - - - --
$ -
------ - - - - --
------------
------ - - - - --
(8199,086)
------ - - - - --
------ - - - - --
- ----- - -
$207,043
------ - - - - --
------ - - - - --
$22,785
------ - - - - --
------ - - - - --
62
Public
Recreation
Information
Totals
& Community
Incentive
& Education
Demonstration
---------------------------
-- Services --
Grant
------ - - - - --
-- -Grant
- - - - - --
- - -- Grant - - --
- -- -1988
- - -- ------
1987
-- - - --
' _ $13,241
$ -
$ -
$ -
$13,241
$33,003
-
-
-
16,291
415,417
87,224
240,908
-
-
-
240,908
211,040
' -
-
10,928
9,699
240, 707
306,837
210,655
1,748
-
-
-
1,748
12,462
27
-
-
-
'
496,631
------ - - - - --
-
------ - - - - --
-
------ - - - - --
16,291
------- - - - - --
-- 5,704
----- - ----
1,037,205
------ - - - - -- ------
$569,787
- - - - --
463,407
-
-
27,650
542,878
$386,164
56,177
-
643
598
65,205
62,296
' 84,758
-
88
2,292
149,454
155,558
10,150
------ - - - - --
------ - - - - --
-
------ - - - - --
-
424,989
38,212
' - -- 614,492-
-
------ - - - - --
- - - - - -- -731-
------- - - - - --
- - - - -- 30,540-
------ - - - - -- ------
1,182,526
------ - - - - -- ------
- - - - --
$642,230
- - - - --
(117,861)
---- -- - - - - --
-
------ - - - - --
(731)
------ - - - - --
(14,249)
------- - - - - --
(145,321)
------ - - - - -- ------
(72,443)
- - - - --
107,609
17,349
239
5,524
140,721
145,388
' -
-
-
(4,062)
(502,126)
(226,695)
107,609
------ - - - - --
17,349
------ - - - - --
239
------ - - - - --
1,462
---- --- - - - - --
(361,405)
------ - - - - -- ------
($81,307)
- - - - --
(10,252)
17,349
(492)
(12,787)
(506,726)
(153,750)
81,586
------ - - - - --
(20,154)
------ - - - - --
3,711
------ - - - - --
14,879
611
765,058
$71,334
1
($2,805)
$3,219
------- - - -- --
$2,092
-308-
- - -- ------
$104,582
- - - - --
$611,308
'
63
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit B -3
REVENUE SHARING FUND
'
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
---------------------------------------------------------------------------------------
- - -
- -,
1988
1987
ASSETS
------ - - - - --
------ - - - - --
'
Cash and Investments
$ -
- - -- $80,740
'
Total Cash and Investments
-
80,740
Accounts receivable
'
Due from other governmental units:
Due from Federal- Revenue Sharing
-
-
Due from State of Minnesota
Total Assets
------ - - - - --
$ -
------ - - - - --
$80,74.0
LIABILITIES AND FUND BALANCES
-----------------------------
'
Liabilities:
Accounts payable
-
Accrued salaries payable
Accrued F.I.C.A /P.E.R.A. payable
-
-
Due to other government units
-
-
Total Liabilities
------ - - - - --
------ - - - - --
Fund Balances:
Reserved for encumbrances
Unreserved:
-
-
'
Designated for subsequent year's
expenditures
-
80,740
Undesignated
Total Fund Balances
-
80,740
Total Liabilities and Fund Balances
------ - - - - --
$. -
------ - - - - --
$80,740
,
1
64
,
Exhibit B -4
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REVENUE SHARING FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
------------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
Revenues:
Revenue from other agencies:
Federal Revenue Sharing
Interest earnings
Total Revenues
Expenditures:
Capital Outlay:
Public Safety
Street & Engineering
Library
Parks
Other:
Public Safety
Total Expenditures
Excess of revenues over
expenditures
Other Financing Sources (Uses):
Operating transfers out
Total other financing sources (uses)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
Fund balances, January 1
Fund balances, December 31
65
------ - - - - -- ------ - - - - --
------------ ------ - - - - --
574
33,967
------ - - - - -- ------ - - - - --
- 34,541
------- - - - - -- ------ - - - - --
(34,541)
------ - - - - -- ------ - - - - --
(80,740) (114,917)
------ - - - - -- ------ - - - - --
(80,740) (114,917)
------ - - - - -- ------ - - - - --
(80,740) (149,458)
80,740 230,198
------ - - - - -- ------ - - - - --
$ - $80,740
.•
Exhibit B -5
'CITY
OF COLUMBIA HEIGHTS, MINNESOTA
REVENUE SHARING FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES
AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
'
fiscal Years Ended December 31, 1988 and 1987
-----------------------------------------------------------------------------------------------------------------
--------- - - - - -- -1988
- ------------ - - - - --
Variance
--------- - -
- - -- -1987
-------------------
Variance
Favorable
Favorable
Budget Actual (Unfavorable)
- --- - -- - -- ---- - - - - -- - -- ---- - - - ---
Budget
---- - - -- --
Actual
---- - - - - --
(Unfavorable)
---- --- - - - - --
'
Revenues:
Revenue from other agencies:
'
federal Revenue Sharing
$ - $ - $ -
$ -
$ -
$ -
Interest earnings
- - -
-
-
-
Total Revenues
---- - - - - -- - --- - - - - -- ------- - - - - --
- - -
-- -- - - - - --
-
---- - - - - --
-
------- - - - - --
-
-- ---- - - -- ---- - - - - -- - ------ - - - - --
---- - - ----
---- --- - --
- ----- - - - -- --
Expenditures:
'
Capital Outlay:
Public Safety
- - -
-
574
(574)
Street & Engineering
- - -
-
33,967
(33,967)
Library
- - -
-
-
-
;
Parks
Other:
Public Safety
- - -
-
Total Expenditures
---- - - - - -- ---- - -- --- ------- - - - - --
- - -
---- - - - - --
-
---- - - - - --
$34,541
------- - - - - --
($34,541)
Excess of revenues over
-- -- - - - - -- ---- - - - - -- ------- - - - - --
---- - - - - --
---- - - - - --
------- - - - - --
'
expenditures
- - -
- - --
-
-- -- - - - - --
(34,541 )
-- -- --- - --
(34,541)
----- -- - - - - --
Other Financing Sources (Uses):
---- - - - - -- ---- - - - - -- ------- - -
'
Operating transfers out
(80,740) (80,740) -
(130,000)
(114,917)
15,083
---- - - - - -- ---- - - - - -- ------- - - -- --
Total other financing sources (uses) ($80,740) ($80,740) -
---- - - -- --
($130,000)
---- - - - - --
---- - - - ---
($114,917)
---- - - - - --
------- - - - - --
- - - -- $15,083
--
'
---- - - ---- ---- -- - - -- - - - - - - -- - - - --
Excess (deficiency) of revenues and other
financing sources over
(under)
expenditures and other
financing uses (80,740) (80,740) -
(130,000)
(149,458)
(19,458)
Fund balances, January 1
80,740 80,740 -
230,198
230,198
-
Fund balances, December 31
---- - - - - -- ---- - - - - -- ------- - - - - --
$--- - = - - -- $-- - = - - -- $------ _ - - - --
---- - - - - --
$100 =198-
---- - - - - --
- -$80 =740-
------- - - - - --
-- - -($19 =458)
'
1
.•
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -6
MUNICIPAL STATE AID FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments
Total Cash and Investments
Accounts receivable
Due from other governmental units:
Due from State of Minnesota
Total Assets
LIABILITIES AND FUND BALANCE
----------------------------
Liabilities:
Accounts payable
Accrued salaries payable
Accrued F.I.C.A /P.E.R.A. payable
Contracts payable retained percentage
Due to other government units
Total Liabilities
Fund Balance:
Reserved for encumbrances
Unreserved:
Designated for subsequent year's
expenditures
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
67
($174,388) $308,675
------ - - - - -- ------ - - - - --
(174,388) 308,675
3,500
------ - - - - -- ------ - - - - --
($174,388) $312,175
$3,840 $3,355
91 989
20,767 -
- 160
------ - - - - -- ------ - - - - --
24,698 $4,504
------ - - - - -- ------ - - - - --
(199,086)
307,671
------ - - - - --
(199,086)
------ - - - - --
$307,671
------ - - - - --
($174,388)'
------ - - - - --
$312,175
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MUNICIPAL STATE -AID STREET FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Revenues:
Revenue from other agencies:
State of Minnesota
Gasoline tax apportionment-
Maintenance
Construction
Total Revenues
Expenditures:
Maintenance:
'Personal services
Supplies
Other services and charges
Construction:
Personal services
Supplies
Other services and charges
Capital Outlay
Total Expenditures
Excess of revenues over
expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating Transfers Out:
Maintenance
Construction
Total Other Financing Sources (Uses)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and,other financing uses
Fund balances, January 1
Fund balances, December 31
1988
65,665
314,613
$380,278
$11,611
7,126
3,766
39,241
20,741
412,149
$494,634
- -- (114_356)
(51,553)
- -- (340,848)
($392,401)
(506,757)
307,671
($199,086)
Exhibit B -7
F
L
1987
------ - - - - --
35,000 '
30,500
$65,500 '
$9,147
177 '23,679
18,382 '
17,480
3,756
- - -- $72,621 '
- - - -- (7,121) ,
5,913 '
(7,910)
- - - -(14 =375) '
($16,372)
------ - - - - --
(23,493)
- - -- 331,164- ,
$307,671
7
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
Exhibit
B -8
MUNICIPAL STATE -AID STREET
FUND
'
COMPARATIVE STATEMENTS
OF REVENUES,
EXPENDITURES AND
CHANGES IN FUND BALANCES
- BUDGET
AND ACTUAL
Fiscal Years Ended December
31,
1988 and 1987
-------------------------------------------------------------------------------------------------------------------------------------
1988
1987
---------------------------------
- - - - --
Variance
---------------------------------------
Variance
Favorable
Favorable
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
Revenues:
---- - - - ---
---- - - - - --
------- - - - - --
---- - --- --
---- --- - --
------- - - - - --
Revenue from other agencies:
State of Minnesota
'
Gasoline tax apportionment -
Maintenance
$70,500
$65,665
($4,835)
$58,000
$35,000
($23,000)
Construction
-
314,613
314,613
325,000
30,500
(294,500)
Total Revenues
---- - - - - --
70,500
---- - - - - --
---- - - - - --
380,278
---- - - - - --
------- -- -- --
309,778
------- - - - - --
---- - - - - --
383,000
---- - - - - --
---- - - - - --
65,500
---- - - - - --
------- - - - - --
(317,500)
------- - - - - --
'
Expenditures:
Maintenance:
Personal services
11,665
11,611
54
12,928
9,147
3,781
Supplies
9,000
7,126
1,874
3,500
177
3,323
'
Other services and charges
49,835
3,766
46,069
43,730
23,679
20,051
Construction:
Personal services
-
39,241
(39,241)
-
18,382
(18,382)
Supplies
=
-
-
-
17,480
(17,480)
'
Other services and charges
20,741
(20,741)
3,756
(3,756)
-
412,149
(412,149)
-
-
-
Total Expenditures
---- - -- - --
70,500
---- - - - - --
---- - - - - --
494,634
---- - - - ---
------- - - - - --
(424,134)
60,158
72,621
(12,463)
Excess of revenues over
-- ----- - - - - --
---- - - - - --
---- - - - - --
------- - - - - --
expenditures
-
---- - - - - --
(114,356)
---- - - - - --
(114,356)
------- - - - - --
322,842
--- - - - - - --
(7,121)
---- - - - - --
(329,963)
------- - - - - --
Other Financing Sources (Uses):
Operating transfers in
-
-
-
-
5,913
5,913
Operating Transfers Out:
Maintenance
-
(51,553)
(51,553)
-
(7,910)
(7,910)
'
Construction
(203,120)
(340,848)
(137,728)
(325,000)
(14,375)
310,625
Total other financing sources (uses) (203,120)
(392,401)
(189,281)
(325,000)
(16,372)
308,628
--- - - - - - --
Excess (deficiency) of revenues and other
---- - - - - --
------- - - - - --
---- - - - - --
---- - - - - --
- ------ - - - - --
financing sources over
(under)
expenditures and other
financing uses (203,120)
(506,757)
(303,637)
(2,158)
(23,493)
(21,335)
Fund balances, January 1
307,671
307,671
-
331,164
331,164
-- -
-
Fund balances, December 31
$104,551
($199,086)
($303,637)
$329,006
$307,671
($21,335)
69
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CABLE TELEVISION FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -9 I
-------------------------------------------------------------------------------------- - - - - -�
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments $193,641
--- -
Total Cash and Investments 193,641
Accounts receivable 15,334
Due from other governmental units:
Due from State of Minnesota -
Total Assets $208,975
LIABILITIES AND FUND BALANCES
----------------------- - - - - --
Liabilities:
Accounts payable
$1,932
Accrued salaries payable
-
Accrued F.I.C.A /P.E.R.A. payable
-
Contracts payable retained percentage
-
Due to other government units
-
Total Liabilities
1,932
Fund Balances:
- - - -- -
Reserved for encumbrances
8,000
Unreserved:
Designated for subsequent year's
expenditures
43,060
Undesignated
155,983
Total Fund Balances
207,043
Total Liabilities and Fund Balances
--- $208,975-
70
�I
- -- $107 =972-
'
107,972
'
18,598
- -- $126,570-
$126,570
310
------ - -310-
10,000
33,425
-835-
'
- - - - -82
126,260
- -- $126,570-
u
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CABLE TELEVISION FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit E -10
--------------------------------------------------------------------------------
1988 1987
---- - - - - -- ------ - - - - --
Revenues:
Revenue from other agencies:
Franchise fees $57,029 $48,284
Other services 48,099 3,704
Interest earnings 10,928 9,699
---- - - - - -- ------ - - - - --
Total Revenues 116,056 61,687
---- - - - - -- ------ - - - - --
Expenditures:
Personal services 969 -
Supplies 661 498
Other services and charges 10,728 17,403
Capital outlay 2,690 3,400
---- - - - - -- ------ - - - - --
Total Expenditures 15,048 21,301
---- - - - - -- ------ - - - - --
Excess of revenues over
expenditures 101,008 40,386
---- - - - - -- ------ - - - - --
Other Financing Sources (Uses):
Operating transfers in - -
Operating transfers out (20,225) (60,068)
---- - - - - -- ------ - - - - --
Total other financing sources (uses) (20,225) (60,068)
---- - - - - -- ------ - - - - --
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses 80,783 (19,682)
Fund balances, January 1 126,260 145,942
---- - - - - -- ------ - - - - --
Fund balances, December 31 $207,043 $126,260
---- - - - - -- ------ - - - - --
---------- ------ - - - - --
71
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CABLE TELEVISION FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES- BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -11
----------------------------------------------------------------------------------------------------------------------------
1988 1987
------------- ---------- ------ - - - - -- ---------------------------------------
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
-- -- - - - --- ---- - - - - -- ------- - - - - -- ---- - - - - -- ---- - - - - -- ------ - - - - - --
Revenues:
Revenue from other agencies:
Franchise fees
Other services
Interest earnings
Total Revenues
Expenditures:
Personal services
Supplies
Other services and charges
CapitaL outlay
Total Expenditures
Excess of revenues over
expenditures
$46,500
$57,029
$10,529
$45,500
$48,284
$2,784
-
48,099
$48,099
-
3,704
3,704
5,000
10,928
5,928
5,000
9,699
4,699
---- -- -- --
51,500
---- - - -- --
---- -- - - -- -------
116,056
---- -- - - -- -----
- - - - --
64,556
-- -- - - --
---- - - - - --
50,500
---- - - - - --
---- - - - - -- -------
61,687
---- - - - - -- -----
- - - - --
11,187
-- ------
200
969
(769)
700
-
700
1,800
661
1,139
1,600
498
1,102
25,850
10,728
15,122
18,825
17,403
1,422
36,850
2,690
34,160
34,200
3,400
30,800
---- - - - - --
64,700
---- - - - - --
---- - - - - -- ----
15,048
---- - - - - -- -------
--- - - - - --
49,652
- - - - --
---- - - - - --
55,325
---- -- - ---
---- - - - - -- -------
21,301
---- - - - - -- -------
-- - - --
34,024
- - - ---
(13,200)
---- - - - - -- ----
101,008
- - - - -- -------
114,208
- - - - --
(4,825)
---- - -- - --
40,386
---- - - - - -- -------
45,211
- - - - --
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out (20,225) (20,225) -
---- - - - - -- ---- - - - - -- ------- - - - - --
Total other financing sources (uses) (20,225) (20,225) -
---- - - - - -- ---- - - - - -- ------- - - - - --
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses (33,425) 80,783 114,208
Fund balances, January 1 126,260 126,260 -
---- - - - - -- ---- - - - - -- ------- - - - - --
Fund balances, December 31 $92,835 $207,043 $114,208
72
(56,975)
(60,068)
(3,093)
---- - - - - --
(56,975)
---- - - - - --
---- - - - - -- -------
(60,068)
--- - - - - - -- -------
- - - - --
(3,093)
- - - ---
(61,800)
(19,682)
42,118
145,942
145,942
-
---- - - - - --
$84,142
---- - - - - -- -------
$126,260
- - - - --
$42,118
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARATRANSIT FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -12
--------------------------------------------------------------------------------------------
1988
1987
ASSETS
------ - - - - --
------ - - - - --
Cash and Investments
$22,614
$15,487
Total Cash and Investments
------ - - - - --
22,614
------ - - - - --
15,487
Accounts receivable
280
168
Due from other governmental units:
Due from State of Minnesota
5,770
3,489
Total Assets
------ - - - - --
$28,664
------ - - - - --
$19,144
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$5,879
$2,529
Accrued salaries payable
-
-
Accrued F.I.C.A /P.E.R.A. payable
-
-
Contracts payable retained percentage
-
-
Due to other government units
-
-
Total Liabilities
------ - - - - --
5,879
------ - - - - --
2,529
Fund Balances:
------ - - - - --
------ - - - - --
Reserved for encumbrances
-
-
Unreserved:
Designated for subsequent year's
expenditures
-
-
Undesignated
22,785
16,615
Total Fund Balances
------ - - - - --
22,785
------ - - - - --
16,615
Total Liabilities and Fund Balances
------ - - - - --
$28,664
------ - - - - --
$19,144
73
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PARATRANSIT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -13
-----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
Revenues:
Revenue from other agencies:
State of Minnesota $18,848 $15,620
Paratransit fares 9,101 8,015
------ - - - - -- ------ - - - - --
Total Revenues 27,949 23,635
------ - - - - -- ------ - - - - --
Expenditures:
Supplies
Other services and charges
Capital outlay
Total Expenditures
Excess of revenues over (under)
expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Total other financing sources (uses)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
Fund balances, January 1
Fund balances, December 31
74
- 375
27,081 21,798
------ - - - - -- ------ - - - - --
27,081 22,173
------ - - - - -- ------ - - - - --
868 1,462
------ - - - - -- ------ - - - - --
10,000
10,000
(4,698)
(3,615)
------ - - - - --
5,302
------ - - - - --
------ - - - - --
6,385
------ - - - - --
6,170
7,847
16,615
8,768
------ - - - - --
$22,785
------ - - - - --
$16,615
CITY OF COLUMBIA HEIGHTS,
MINNESOTA
Exhibit
B -14
PARATRANSIT FUND
COMPARATIVE STATEMENTS OF REVENUES,
EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31,
1988 and 1987
,----------------------------------------------------------------------------------------------------------------------------------
_ 1988
1987
1
-----------
------ ----------------
- - - - --
Variance
---------------------------------------
Variance
Favorable
favorable
Budget
=
Actual
(Unfavorable)
Budget
Actual
- - - - --
(Unfavorable)
------- - - - - --
Revenues:
---- -- - --
---- - - - - --
------- - - - - --
---- -- - - --
----
Revenue from other agencies:
State of Minnesota
$19,108
$18,848
($260)
$18,934
$15,620
($3,314)
Paratransit fares
8,000
9,101
1,101
6,095
8,015
1,920
Total Revenues
---- - - - - --
27,108
---- -- - - --
---- - - - - --
27,949
---- - - - - --
------- - - - - --
841
------- - - - - --
---- - - - - --
25,029
---- - - - - --
---- - - - - --
23,635
---- - - - - --
------- - - - - --
(1,394)
------- - - -- --
Expenditures:
Supplies
-
-
-
-
375
(375)
Other services and charges
26,766
27,081
(315)
27,184
21,798
5,386
Capital outlay
-
-
-
-
-
-
------- - - - - --
Total Expenditures
---- - - - - --
=766_-
---- - - - - --
27,081
------- - - - - --
---- - - - - --
27,184
---- - - - - --
22,173-
------ 5,011-
Excess of revenues over (under)
- - -26
- -- -----
-(315)
- - - - - --
---- - - - - --
- --
expenditures
- - - -- -342-
- - - -- 868-
-- - - - - -- -526-
- - -(2 -155)
1,462
---- ----- -
------- 3 -617-
,
Financing Sources (Uses):
'Other
Operating transfers in
10,000
10,000
-
10,000
10,000
-
Operating transfers out
(5,081)
(4,698)
383
(4,372)
(3,615)
757
ITotal other financing sources
---- - - - - --
(uses) 4,919
---- - - - - --
-302-
------- - - - - --
---- - - - - --
-628-
---- - - - - --
6,385-
------- - - - - --
Excess (deficiency) of revenues
and other
- - - -5
-- - - - - -- -383 -
- - -5
- - --
---------757 -
financing sources over (under)
expenditures and other financing
uses 5,261
6,170
909
3,473
7,847
4,374
Fund balances,, January 1
16,615
16,615
-
8,768
--- ---
8,768
---- - - - - --
-
------- - - - - --
' Fund balances, December 31
---- - - - - --
-- $21,876-
---- - -- - --
-$22 785-
------- - - - - -- ----
- - - - - -- -$909- -
-$12 -241-
- -$16 -615-
- - - -- $4,374 -
'
75
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit B -15
RECREATION AND COMMUNITY SERVICES
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
'
---------------------------------------------------------------------------------------
- - -
- -,
1988
1987
------
ASSETS
- - - - --
------ - - - - --
,
Cash and Investments
--
$22,328-
- - -- $71,144-
'
- -
Total Cash and Investments
22,328
$71,144
Accounts receivable
58,542
35,402
'
Due from other governmental units:
Due from Metropolitan Council - - - --
13,241-
-
'
Total Assets
$94,111
$106,546
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$17,767
9,763
Accrued salaries payable
4,705
13,979
Accrued F.I.C.A /P.E.R.A. payable - - - -
- -- -305-
------1=218 -
'
Total Liabilities
22,777
24,960
------
Fund Balances:
- - - - --
------ - - - - --
,
Reserved for encumbrances
748
-
Unreserved:
Designated for subsequent year's
expenditures
10,000
-
Undesignated
60,586
81,586
Total Fund Balances
71,334-
81,586
'
- - - --
Total Liabilities and Fund Balances
$94,111
- - - --
$106,546
------
------------
- - - - --
------ - - - - --
------ - - - - --
76
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION AND COMMUNITY.SERVICES
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -16
----------------------------------------------------------------------------------------
1988
1987
Revenues:
------ - - - - --
------ - - - - --
Revenue from other agencies:
Federal
$13,241
$33,003
Independent School District 113
240,908
192,520
Fees
240,707
172,876
Contributions
1,748
12,462
Miscellaneous revenue
27
-
Total Revenues
------ - - - - --
496,631
------ - - - - --
------ - - - - --
410,861
------ - - - - --
Expenditures:
Personal services
463,407
349,839
Supplies
56,177
43,327
Other services and charges
84,758
85,266
Capital outlay
10,150
271
Contingencies
-
-
- - - - --
Total Expenditures
------ - - - - --
614,492
------
478,703
-Excess of revenues over (under)
------ - - - - --
------ - - - - --
expenditures
(117,861)
------ - - - - --
(67,842)
------ - - - - --
Other Financing Sources (Uses):
Operating transfers in 107,609 104,475
Operating transfers out - (4,033)
------ - - - - -- ------ - - - - --
Total other financing sources (uses) 107,609 100,442
------ - - - - -- ------ - - - - --
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses (10,252) 32,600
Fund balances, January 1 81,586 48,986
Fund balances, December 31 $71,334 $81,586
------ - - - - -- ------ - - - - --
------------ ------ - - - - --
77
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION AND COMMUNITY SERVICES
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -17
----------------------------------------------------------------------------------------------------------------------------------
1988
1987
---------------------------------
- - - - --
Variance
---------------------------------------
Variance
favorable
Favorable
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
------- - - - - =-
Revenues:
- --- - - - - --
-- -- - - - ---
------- - - - - --
- --- - - - - --
---- - - - - --
Revenue from other agencies:
Federal
$44,777
$13,241
(31,536)
$29,118
$33,003
$3,885
Independent SchooL District #113
224,140
240,908
16,768
104,475
192,520
88,045
fees
198,864
240,707
41,843
222,343
172,876
(49,467)
Contributions
3,000
1,748
(1,252)
-
12,462
12,462
Other miscellaneous revenue
-
27
27
-
-
-
Total Revenues
---- -- - - --
470,781
---- - - - - --
-- -- - - - - --
496,631
---- - - - - --
------- - - - - --
25,850
------- --- - --
---- - - - - --
355,936
---- - - - - --
---- - --- --
410,861
---- - - - - --
------- - - - ---
54,925
----- --- - - - --
Expenditures:
Personal services
399,098
463,407
(64,309)
337,448
349,839
(12,391)
Supplies
51,989
56,177
(4,188)
37,517
43,327
(5,810)
Other services and charges
110,352
84,758
25,594
90,650
85,266
5,384
,Capital outlay
-
10,150
(10,150)
-
271
(271)
Contingencies
9,282
-
9,282
---
7,366
---- - - - - --
-
-- -- -- - - --
7,366
------- - - - - --
Total Expenditures
---- - - - - --
570,721
---- - - - - --
614,492
---- --- - - -
(43,771)
472,981
-
478,703
---- - - - - --
(5,722)
------- - - - - --
Excess of revenues over (under)
---- - - - - --
---- - - - - --
------- - - - - --
---- - - - --
expenditures
(99,940)
-- -- - - - ---
(117,861)
---- - - - - --
(17,921)
------- - - - - --
(117,045)
-- -- - - - - --
(67,842)
---- - - - - --
49,203
--- ---- - - - - --
Other Financing Sources (Uses):
Operating transfers in
107,609
107,609
-
104,475
104,475
-
Operating transfers out
-
-
-
-
(4,033)
(4,033)
Total other financing sources (uses)
-- -- --- - --
107,609
---- - - - - --
107,609
------- -- - - --
-
---- - - - - --
104,475
---- - - - - --
100,442
-- ----- - - - - --
(4,033)
Excess (deficiency) of revenues and other
---- - - - - --
--- - - - ----
-- ------- - - --
---- - -- ---
---- ------
------- - - - - --
financing sources over (under)
expenditures and other financing uses
7,669
(10,252)
(17,921)
(12,570)
32,600
45,170
Fund balances, January 1
81,586
81,586
--
-
- - - - --
48,986
---- - - - - --
48,986
---- -- - - --
-
----
Fund balances, December 31
--- --- - - --
$89,255
---- --- -
$71,334
-------
($17,921)
$36,416
---------
$81,586
---- - - - - --
--- - - - - --
$45,170
------- - - - - --
W
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION AND COMMUNITY SERVICES FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -18
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments $32,154 $61,286
- -- ------ - - - - --
Total Cash and Investments 32,154 $61,286
Accounts receivable _ _
Due from other governmental units:
Due from State of Minnesota
---- - -- - --
Total Assets $32,154 $61,286
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$5,708
$4,638
Accrued salaries payable
1,255
7,293
Accrued F.I.C.A /P.E.R.A. payable
159
694
Total Liabilities
------ - - - - --
7,122
------ - - - - --
12,625
Fund Balances:
------ - - - - --
Reserved for encumbrances
748
-
Unreserved:
Designated for subsequent year's
expenditures
10,000
-
Undesignated
14,284
48,661
Total Fund Balances
------ - - - - --
25,032
------ - - - - --
48,661
Total Liabilities and Fund Balances
------ - - - - --
$32,154
------ - - - - --
$61,286
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION AND COMMUNITY SERVICES FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -19 I
80 1
,
Revenues:
- -- -1988-
- -- -1987-
Revenue from other agencies:
Independent School District $13
$99,000
$104,47
Fees
96,920
92,84
Contributions
-
7,11
Miscellaneous revenue
27
-
Total Revenues
195,947
204,42
------ - - - - --
---- - - - - --
'
Expenditures:
Personal services
238,318
226,55
Supplies
24,179
24,16
Other services and charges
47,254
54,20'
Capital outlay
8,825
27
Contingencies
-
-
Expenditures
318,576
305,191
Total
------ - - - - --
---- - - - - --
Excess of revenues over (under)
expenditures
- -- (122,629)
- -- (100_76'
Other Financing Sources (Uses):
Operating transfers in
99,000
104,47
Operating Transfers Out
-
(4,03
Total other financing sources (uses)
------ - - - - --
99,000-
---- - - - - --
100_44'
Excess (deficiency) of revenues and other
- - - --
- - --
financing sources over (under)
expenditures and other financing uses
(23,629)
'
(32
Fund balances, January 1
48,661
48,98
Fund balances, December 31
------ - - - - --
$25,032_
---- - - - - --
$48,67
80 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RECREATION AND COMMUNITY SERVICES FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
81
Exhibit B -20
1987
(325) 2,586
1988
48,986 -
---- - - - - --
$46,075
Favorable
Budget
---- - -- - --
Variance
(Unfavorable)
------- - - - ---
$104,475
$104,475
Favorable
94,579
Budget
---- - - - - --
Actual
--- ---- - --
(Unfavorable)
-- ----- --- - --
Revenues:
7,110
---- - - - - --
199,054
---- -- - - --
---- - - - - --
204,426
---- - - - - --
Revenue from other agencies:
219,381
226,555
(7,174)
Independent School District #13
$107,609
$99,000
($8,609)
Fees
103,847
96,920
(6,927)
Contributions
3,000
-
(3,000)
Other miscellaneous revenue
-
27
27
Total Revenues
---- - - - - --
214,456
---- - - - - --
-- -- - - - ---
195,947
-- -- - - - - --
------- - - - - --
(18,509)
------ - - - -- --
Expenditures:
Personal services
233,170
238,318
(5,148)
Supplies
29,439
24,179
5,260
Other services and charges
55,310
47,254
8,056
Capital outlay
-
8,825
(8,825)
Contingencies
7,000
-
- -
7,000
-- --
Total Expenditures
---- - - - - --
324,919
---- - - --
318,576
--- ---- - -
6,343
Excess of revenues over (under)
---- - - - - --
---- - - - - --
------- - - - - --
expenditures
(110,463)
---- - - - - --
(122,629)
---- - - - - --
(12,166)
-- ---- - -- - - --
Other Financing Sources (Uses):
Operating transfers in
107,609
99,000
(8,609)
Operating transfers out
-
-
-
Total other financing sources (uses)
- --- - -- - --
107,609
---- -- - - --
99,000
- ------ - - - - --
(8,609)
Excess (deficiency) of revenues and other
---- - - - - --
-- -- - - - - --
------- - -- ---
financing sources over (under)
expenditures and other financing uses
(2,854)
(23,629)
(20,775)
Fund balances, January 1
48,661
---- - - - - --
48,661
--- --
-
- - - - --
Fund balances, December 31
$45,807
-- - --
$25,032
-- -----
($20,775)
81
Exhibit B -20
1987
104,475 104,475 -
- (4,033) (4,033)
---- - - - - -- ---- - - - - -- ------- - - - - --
104,475 100,442 (4,033)
---- - -- - -- --- -- -- - -- - ------ - - - ---
(2,911)
(325) 2,586
Variance
48,986 -
---- - - - - --
$46,075
Favorable
Budget
---- - -- - --
Actual
---- - - - - --
(Unfavorable)
------- - - - ---
$104,475
$104,475
$ -
94,579
92,841
(1,738)
-
7,110
7,110
---- - - - - --
199,054
---- -- - - --
---- - - - - --
204,426
---- - - - - --
------- - - - - --
5,372
--- ---- - - - - --
219,381
226,555
(7,174)
24,325
24,165
160
56,677
54,202
2,475
-
271
(271)
6,057
-
6,057
--- --- -- --
306,440
---- - - - - --
---- - - - - --
305,193
---- - - - - --
---- --- - - - - --
1,247
------- - - - - --
(107,386)
---- - -- - --
(100,767)
---- - - - - --
6,619
------- - - - - --
104,475 104,475 -
- (4,033) (4,033)
---- - - - - -- ---- - - - - -- ------- - - - - --
104,475 100,442 (4,033)
---- - -- - -- --- -- -- - -- - ------ - - - ---
(2,911)
(325) 2,586
48,986
48,986 -
---- - - - - --
$46,075
---- - - - - -- ------- - - - - --
$48,661 $2,586
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TRIPS AND OUTINGS FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -21
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments $4,151 $3,881
Total Cash and Investments 4,151 3,881
Accounts receivable - -
Due from other governmental units:
Due from State of Minnesota - -
- ------ - - - - -- ------ - - - - --
Total Assets $4,151 $3,881
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$150
$925
Accrued salaries payable
-
-
Accrued F.I.C.A /P.E.R.A. payable
-
-
Total Liabilities
------ - - - - --
150
------ - - - - --
------ - - - - --
925
------ - - - - --
Fund Balances:
Reserved for encumbrances
-
-
Unreserved:
Designated for subsequent year's
expenditures
-
-
Undesignated
4,001
------ - - - - --
2,956
------ - - - - --
Total Fund Balances
4,001
2,956
Total Liabilities and Fund Balances
------ - - - - --
$4,151
------ - - - - --
$3,881
RN
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TRIPS & OUTINGS FUND '
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Fiscal Years Ended December 31, 1988 and 1987
---------------------------------------------------------------------------
1988 1987
---- - - - - -- ---- - - - - --
Revenues:
Fees $20,545 $18,520
Contributions - -
---- - - - - -- ---- - - - - --
Total Revenues 20,545 18,520
---- - - - - -- ---- - - - - --
Expenditures:
Supplies 79
Other services and charges 19,421
Total Expenditures 19,500
Excess (deficiency) of revenues over
(under) expenditures 1,045
Fund balances, January 1 2,956
Fund balances, December 31 $4,001
37
15,527
15,564
2,956
$2,956
Exhibit B -22
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TRIPS & OUTINGS FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -23
-----------------------------------------------------------------------------------------------------------------------------
1988
1987
-------------
-- ------------------
- - - - --
Variance
---------------------------------------
Variance
Favorable
Favorable
---
Budget
- - -- - --
Actual
--- -- - - - --
(Unfavorable)
------- - - - - --
Budget
---- - - - - --
Actual
---- - - - - --
(Unfavorable)
------- - - - - --
Revenues:
Fees
$21,504
$20,545
($959)
$18,000
$18,520
$520
Contributions
-
-
-
-
- - --
-
---- - - - - --
-
------- - - - - --
----
Total Revenues
-
- - - - --
21,504
--- - -- - --
---- - - - - --
20,545
---- - - -- --
--- ---- - - - - --
(959)
------- - - - ---
---- --
18,000
---- - - - - --
18,520
---- - - - - --
520
------- - - - - --
Expenditures:
Supplies
100
79
21
-
37
(37)
Other services and charges
19,550
19,421
129
15,250
- - --
15,527
---- - - - - --
(277)
------- - - - - --
----
Total Expenditures
- - - - --
19,650
- - - - --
---- - - - - --
19,500
---- - - - - --
------- - - - - --
150
------- - -- - --
---- --
15,250
---- -- - - --
15,564
---- - - - - --
(314)
------- -- - - --
----
Excess (deficiency) of revenues over
(under) expenditures v
1,854
1,045
(809)
2,750
2,956
834
Fund balances, January 1
2,956
2,956
-
-
---- - - - - --
-
---- - - - - --
-
------- - - - - --
--
Fund balances, December 31
-- - - - - --
$4,810
---- - - - - --
$4,001
--- ---- - - - - --
($809)
$2,750
$2,956
$206
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SENIOR CITIZENS FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
ASSETS
Cash and Investments
Total Cash and Investments
Accounts receivable
Due from other governmental units:
Due from Metropolitan Council
Total Assets
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
-Accounts payable
Accrued salaries payable
Accrued F.I.C.A /P.E.R.A. payable
Total Liabilities
Fund Balances:
Reserved for encumbrances
Unreserved:
Designated for subsequent year's
expenditures
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
MW
Exhibit B -24
1988 1987
------ - - - - -- ------ - - - - --
($11,315) ($1,262)
(11,315) (1,262)
7,000
13,241 -
$1,926= _==== $5,738-
$341 $268
881
29 . 103
370 1,252
------ - - - - -- ------ - - - - --
1,556
4,486
------ - - - - --
1,556
------ - - - - --
4,486
$1,926
------ - - - - --
------------
$5,738
------ - - - - --
------ - - - - --
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SENIOR CITIZENS FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -25 I
-----------------------------------------------------------------------------------------
1988 - - -- 1987 - - -- '
Revenues:
Revenue from other agencies:
Federal
Independent School District #13
Fees
Contributions
Total Revenues
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Contingencies
Total Expenditures
Excess of revenues over (under)
expenditures
Other Financing Sources (Uses):
Operating transfers in
Total other financing sources (uses)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
Fund balances, January 1
Fund balances, December 31
$13,241
$33,003
'
8,609
-
881
318
------ - - - - --
22,731
------ - - - - --
------ - - -44-
33,365
------ - - - - --
30,221
23,469
1,719
3,173
2,330
2,237
,
------ - - - - --
34,270
------ - - - - --
28,879
'
-=---- - - - - --
------ - - - - --
(11,539)
------ - - - - --
4,486
------ - - - - --
'
8,609
------ - - - - --
8,609
------ -
------ - - - - --
(2,930) 4,486
4,486 - '.
------ - - - - -- ------ - - - - --
$1,556 $4,486
86 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SENIOR CITIZENS FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -16
------------------------------------------------------------------------------------------------------------------------------------
23,585
1988
(6,636)
1987
23,469
564
--------------------------
1,500
--- ---- - - - - --
Variance
---------------------------------------
Variance
3,173
(1,088)
Other services and charges
Favorable
2,330
Favorable
•
Budget
---- - - - - --
ActuaL
- --- - - - - --
(Unfavorable)
------- - - - - --
Budget Actual
---- - - - - -- ---- - - - - --
(Unfavorable)
------- - - - - --
Revenues:
-
-
-
Contingencies
1,024
Revenue from other agencies:
1,024
- - - - --
-
---- - - - - --
-
---- - - - - -- -------
-
--- - --
Total Expenditures
Federal
$13,241
$13,241
$ -
$29,118 $33,003
$3,885
Independent School District #13
-
8,609
8,609
- -
-
Fees
17,218
881
(16,337)
- 318
318
Contributions
-
-
-
- 44
---- - - - - -- ---- - - - - --
44
------- - - - - --
Total Revenues
---- - - - - --
30,459
---- - - - - --
- --- - - - - --
22,731
---- - - - - --
------- - - - - --
(7,728)
- ------ - - - - --
29,118 33,365
---- - - - - -- ---- - - - - --
4,247
------- - - - - --
Expenditures:
Personal services
23,585
30,221
(6,636)
24,033
23,469
564
Supplies
1,500
1,719
(219)
2,085
3,173
(1,088)
Other services and charges
4,350
2,330
2,020
4,565
2,237
2,328
Capital outlay
-
-
-
-
-
-
Contingencies
1,024
-
1,024
- - - - --
-
---- - - - - --
-
---- - - - - -- -------
-
--- - --
Total Expenditures
---- - - - - --
30,459
--
---- - - - - -- -------
34,270
---- - - - - -- -------
(3,811)
- - - - --
30,683
---- - - - - --
28,879
---- - - - - -- -------
1,804
- - - - --
Excess of revenues over (under)
---- - - - -
expenditures
-
--- - - - - - --
(11,539)
---- - - - - -- -------
(11,539)
- - - - --
(1,565)
---- - - - - --
4,486
---- - - - - -- -------
6,051
- - - - --
Other Financing Sources (Uses):
Operating transfers in - 8,609 8,609 - - -
---- - - - - -- ---- - - - - -- ------- - - - - -- ---- - - - - -- ---- - - - - -- - ------ - - - - --
TotaL other financing sources (uses) - 8,609 8,609 - - -
---- - - - - -- ---- - - - - -- ------- - - - - -- -- -- - - - - -- ---- - - - - -- ------- - - - - --
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses - (2,930) (2,930) (1,565) 4,486 6,051
Fund balances, January 1 4,486 4,486 - - - -
---- - - - - -- ---- - - - - -- --- ---- - - - - -- ---- - - - - -- -- -- - - - - -- ----- -- - - - - --
Fund balances, December 31 $4,486 $1,556 ($2,930) ($1,565) $4,486 $6,051
CITY OF COLUMBIA HEIGHTS, MINNESOTA
EARLY CHILDHOOD AND FAMILY EDUCATION FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -27
----------------------------------------------------------------------------------------
1988
1987
ASSETS
------ - - - - --
------ - - - - --
Cash and Investments
($14,382)
($6,435)
Total Cash and Investments
------ - - - - --
(14,382)
------ - - - - --
(6,435)
Accounts receivable
39,607
28,192
Due from other governmental units:
Due from Metropolitan Council
-
-
Total Assets
------ - - - - --
$25,225
------ - - - - --
$21,757
LIABILITIES AND FUND BALANCES
-----------------------------
r
Liabilities:
Accounts payable
$1,580
$1,238
Accrued salaries payable
627
3,014
Accrued F.I.C.A /P.E.R.A. payable
66
292
Total Liabilities
------ - - - - --
2,273
------ - - - - --
4,544
Fund Balances:
------ - - - - --
------ - - - - --
Reserved for encumbrances
-
-
Unreserved:
Designated for subsequent year's
expenditures
-
-
Undesignated
-
22,952
------ - - - - --
17,213
------ - - - - --
Total Fund Balances
22,952
17,213
Total Liabilities and Fund Balances
------ - - - - --
$25,225
------ - - - - --
$21,757
0
R
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit B -28
EARLY CHILDHOOD & FAMILY EDUCATION FUND
'
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988
and 1987
,-----------------------------7------------------------------------------------------------
1988
1987
------ - - - - --
------
Revenues:
- - - - --
Revenue from other agencies:
Independent School District 113
$101,573
$88,045
' Fees
6,757
7,692
Contributions
798
1,083
' Total Revenues
------------
109,128
96,820
- - - --
Expenditures:.
'
Personal services
93,789
66,702
Supplies
5,406
9,049
Other services and charges
3,796
3,856
Capital outlay
398
-
'
Contingencies
-
- - - - --
-
------ - - - - --
------
Total Expenditures
103,389
- - - - --
79,607
------ - - - - --
------
Excess (deficiency) of revenues over
(under) expenditures
5,739
17,213
Fund balances, January 1
17,213
-
'
Fund balances, December 31
1
$22,952
$17,213
,•
CITY OF COLUMBIA HEIGHTS, MINNESOTA
EARLY CHILDHOOD & FAMILY EDUCATION FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -29
----------------------------------------------------------------------------------------------------------------------------
1988
1987
--------------
---------------
- - - - --
Variance
-----------------------------------
Variance
Favorable
Favorable
Budget
Actual
(Unfavorable)
Budget
- - - --
Actual
---- - - - - --
(Unfavorable)
------- - - - - --
Revenues:
---- - - - - --
---- - -- - --
------- - - - - --
---- -
Revenue from other agencies:
Independent School District #13
897,109
$101,573
$4,464
$ -
$88,045
$88,045
Fees
-
6,757
6,757
76,546
7,692
(68,854)
Contributions
-
798
798
-
1,083
1,083
Total Revenues
---- - - - - --
97,109
---- -- - - --
---- - - - - --
109,128
---- -- -- --
- ------ - -- - --
12,019
------- - - - - --
---- - - - - --
76,546
---- - - - - --
---- - - - - --
96,820
-- -- - -- - --
--- --- - - - - - --
20,274
------- - - - - --
Expenditures:
Personal services
80,528
93,789
(13,261)
65,939
66,702
(763)
Supplies
8,350
5,406
2,944
4,998
9,049
(4,051)
Other services and charges
7,930
3,796
4,134
4,300
3,856
444
Capital outlay
-
398
(398)
-
-
-
Contingencies
1,258
- - - - --
-
---- - - - - --
1,258
------- - - - - --
1,309
---- - - - - --
-
---- - - - - --
1,309
------- - - - - --
Total Expenditures
----
98,066
--
103,389
---- - - - - --
(5,323)
------- - - - - --
76,546
---- - - - = --
79,607
--- - - - - - --
(3,061)
------- - - - - --
Excess (deficiency) of revenues over
--- - - - - -
(under) expenditures
(957)
5,739
6,696
-
17,213
17,213
Fund balances, January 1
17,213
17,213
-
-
---- - - -- --
-
---- - - - - --
-
------- - - - - --
Fund balances, December 31
---- - - - - --
$16,256
---- - - - - --
$22,952
------- - - - - --
$6,696
$ -
$17,213
$17,213
.o
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADVENTURE CLUB FUND
p COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -30
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments $24,838 $19,016
------ - - - - -- ------ - - - - --
Total Cash and Investments 24,838 19,016
Accounts receivable - -
Due from other governmental units:
Due from Metropolitan Council - -
------ - - - - -- ------ - - - - --
Total Assets $24,838 $19,016
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$4,123
$1,929
Accrued salaries payable
2,396
2,423
Accrued F.I_.C.A /P.E.R.A. payable
49
123
Total Liabilities
------ - - - - --
6,568
------ - - - - --
4,475
Fund Balances:
Reserved for encumbrances
-
-
Unreserved:
Designated for subsequent year's
expenditures
-
-
Undesignated
18,270
14,541
- - - - --
Total Fund Balances
------ - - - - --
18,270
------
14,541
Total Liabilities and Fund Balances
------ - - - - --
$24,838
------ - - - - --
$19,016
91
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADVENTURE CLUB FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -31
---------------------------------------------------------------------------------------------
1988 1987
Revenues:
Fees $115,342 $51,559
Contributions - -
------ - - - - -- ------ - - - - --
Total Revenues 115,342 51,559
------ - - - - -- ------ - - - - --
Expenditures:
Personal services
84,387
Supplies
21,752
Other services and charges
4,547
Capital outlay
927
Total Expenditures
111,613
Excess (deficiency) revenues over
(under) expenditures
3,729
Fund balances, January 1
14,541
Fund balances, December 31
$18,270
92
28,217
6,272
2,529
37,018
14,541
$14,541
Revenues:
Fees
Contributions
Total Revenues
Expenditures:
Personal services
' Supplies
Other services and charges
Capital outlay
Total Expenditures
Excess..(deficiency) revenues over
(under) expenditures
Fund balances, January 1
Fund balances, December 31
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADVENTURE CLUB FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL .
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -32
----------------------------------------------------------------------------------------
1988
1987
-------- -------------
---------
- - - - --
Variance
---------------------------------------
Variance
favorable
Favorable
Budget
---- -- - - --
Actual
---- - - -- --
(Unfavorable)
---- - -- - --
Budget
---- - - - ---
Actual
- --- - - -- --
(Unfavorable)
------- -- - - --
$56,295
$115,342
$59,047
$35,968
$51,559
$15,591
56,295
---- -- - - --
115,342
---- - - - ---
59,047
---- - - - - --
35,968
--- -- - - - --
51,559
---- - - - - --
15,591
-- ---- - --- - --
36,729
84,387
(47,658)
24,303
28,217
(3,914)
6,600
21,752
(15,152)
6,109
6,272
(163)
3,790
4,547
(757)
5,556
2,529
3,027
-
927
(927)
-
-
-
---- - - - - --
- -- 47,119-
---- - - - - --
111,613
---- - - - - --
---- -- - - --
(64,494)
---- - - - - --
---- - - - - --
- -- 35,968-
-- -- -- - ---
37,018
---- - - - - --
----- -- - - - - --
- - - - -- (1,050)
9,176
3,729
(5,447)
-
14,541
14,541
14,541
14,541
-
-
-
-
- -- - --
- -- -
$23,717
---- - - - - --
$18,270
---- - - - - --
($5,447)
-- -- -- - - --
$ -
-- -- - - - - --
$14,541
-- -----
$14,541
93
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADULT BASIC AND CONTINUING EDUCATION FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -33
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments ($5,579) ($9,427)
------ - - - - -- ------ - - - - --
Total Cash and Investments (5,579) (9,427)
Accounts receivable 9,380 210
Due from other governmental units:
Due from Metropolitan Council - -
------ - - - - -- ------ - - - - --
Total Assets $3,801 ($9,217)
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable $5,519 $555
Accrued salaries payable 69 369
Accrued F.I.C.A /P.E.R.A. payable 1 5
------ - - - - -- ------ - - - - --
Total Liabilities 5,589 929
------ - - - - -- ------ - - - - --
Fund Balances:
Reserved for encumbrances - -
Unreserved:
Designated for subsequent year's
expenditures -
Undesignated (1,788) (10,146)
------ - - - - -- ------ - - - - --
Total Fund Balances (1,788) (10,146)
------ - - - - -- ------ - - - - --
Total Liabilities and Fund Balances $3,801 ($9,217)
94
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -34
' ADULT BASIC & CONTINUING EDUCATION FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
i
______________________________________________________________________________________________
' - -- -1988 1987
Revenues:
Revenue from other agencies:
' Federal $ - $
Independent School District 113 22,170
Fees - 517
ITotal Revenues
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total Expenditures
Excess (deficiency) of revenues over
under expenditures
Fund balances, January 1
' Fund balances, December 31
95
------ - - - - --
- - - - -22 =170
-
------ - - - - --
517
------ - --
8,217
4,896
180
365
5,415
5,402
13,812
------ - - - - --
10,663
------ - - - - --
8,358 (10,146)
(10,146) -
($1,788) ($10,146)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ADULT BASIC & CONTINUING EDUCATION FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Revenues:
Revenue from other agencies:
Federal
Independent School District #13
Fees
Total Revenues
Expenditures:
Personal services
Supplies
Other services and charges
Total Expenditures
Excess (deficiency) of revenues over
(under) expenditures
Fund balances, January 1
Fund balances, December 31
Exhibit B -35
i
1
$ - $ - $
517 517
- - - -- -- - --
- 517 517
------ --- ---- --- --- ---- -- -- - -- --
3,972 4,896 (924)
- 365 (365)
- - - -4 -302- - - - -5 =402- -_ - - -- (1,100)
8,274 10,663 (2,389)
---- - - - - -- ---- - - - - -- ------- - -- - --
(8,274) (101-146)- (1;872)— -
- --- - -- - -- ---- - - - - -- -- ----- - - - - --
($8,274) ($10,146) ($1,872)
1
---------------------------------------------------- --------- --------- ------- - -----
--- ------ - - - - -- -1988 --------- - -- - -- -1987
-------- ----- - - - - -- --------------- - - --
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
-- -- - - - - -- ---- --- - -- ------- - - - - -- - -- - - - - - -- ---- - - - - -- --- ---- - -- - --
$31,536
$ -
(31,536)
19,422
22,170
2,748
50,958
---- - -- - --
22,170
-- -- - -- --- ----
(28,788)
--- -- - - --
25,536
8,217
17,319
6,000
180
5,820
19,422
5,415
-----
- -- -
50,958
- - -- - -------
13,812
-
37,146
8,358 8,358
- (10,146) (10,146) -
- -- - - - - -- ---- - - - - -- ------- - - - - --
($10,146) ($1,788) $8,358
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MCKNIGHT GRANT FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987.
Exhibit B -36
--------------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments ($9,177) $
Total Cash and Investments (9,177) -
Accounts receivable 9,556 -
Due from other governmental units:
Due from Metropolitan Council - -
------ - - - - -- ------ - - - - --
Total Assets $379 $ -
------------ ------ - - - - --
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$20 $ -
Accrued salaries payable
358 -
Accrued F.I.C.A /P.E.R.A. payable
1 -
Total Liabilities
------ - - - - -- ------ - - - - --
379 -
Fund Balances:
------ - - - - -- ------ - - - - --
Reserved for encumbrances
- -
Unreserved:
Designated for subsequent year's
expenditures
Undesignated
- -
Total Fund Balances
------ - - - - -- ------ - - - - --
- -
Total Liabilities and Fund Balances
------ - - - - -- ------ - - - - --
$379 $ -
97
CITY OF COLUMBIA
HEIGHTS, MINNESOTA
Exhibit B -37 '
MCKNIGHT
GRANT FUND
COMPARATIVE STATEMENT OF
REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988
and 1987
'
-------------------------------------------------------------------------------------
1988
- - - - --
1987
Revenues:
------
- - - - --
------ - - - - --
Revenue from other agencies:
Independent School District .#13
$9,556
$
------ - - - - --
Total Revenues
------
- - - - --
9,556
- -
- - -- -
------------
Expenditures:
Personal services
8,476
Supplies
753
-
Other services and charges
327
-
Capital outlay
-
-
Total Expenditures
9,556
-
Excess (deficiency) revenues over
------
- - - - --
------ - - - - --
(under) expenditures
-
-
Fund balances, January 1
-
-
Fund balances, December 31
------
$
- - - - --
------ - - - - --
98
-----------------------------------------
Revenues:
Revenue from other agencies:
Independent School District #13
Total Revenues
' Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
' Total Expenditures
Excess (deficiency) revenues over
(under) expenditures
Fund balances, January 1
Fund balances, December 31
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MCKNIGHT GRANT FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES- BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -38
1988 1987
Variance Variance
favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
---- - - - --- --- - - - - - -- --- ---- - -- - -- ---- - - - - -- ---- - - - - -- --- ---- - -- ---
$ - 9,556 9,556 $ - $ $ -
9,556 9,556 - - -
---- - - - - -- --- - - - - - -- ------- - - - - -- ---- - - - - -- -- -- - - - - -- ------- - - - - --
8,476 (8,476) - -
753 (753) - - -
327 (327) - -
---- - - - - -- ---- - -- - -- ----- -- - - - - -- -- -- - - - - -- - --- --- - -- ---- --- - - - - --
- - -- 9,556- - - - - -- (9,556) - -
---- ------ ---- - - - - -- ---- - - - - -- - ----- - - - - - --
---------- ---- --- - -- ------- -- - - -- ---- - - - - -- ---- - - - - -- ------ - - - - - --
99
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL PROJECTS FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -39
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments
Total Cash and Investments
Accounts receivable
Due from other governmental units:
Due from Metropolitan Council
Total Assets
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
Accrued salaries payable
Accrued F.I.C.A /P.E.R.A. payable
Total Liabilities
Fund Balances:
Reserved for encumbrances
Unreserved:
Designated for subsequent year's
expenditures
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
\027 \126 \027 \126 \051 \065
100
$1,637 $4,085
------ - - - - -- ------ - - - - --
1,637 4,085
$1,637 $4,085
------ - - - - -- ------ - - - - --
------------ ------ - - - - --
$327 $210
' ------ - - - - -- ------ - - - - --
327 210
------ - - - - -- ------ - - - - --
1,310
3,875
------ - - - - --
1,310
------ - - - - --
3,875
$1,637
$4,085
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -40
SPECIAL PROJECTS FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES -
For the Fiscal Years Ended December 31, 1988 and 1987
------------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
Revenues:
Fees $262 $1,429
Contributions 950 4,225
------ - - - - -- ------ - - - - --
Total Revenues 1,212 5,654
------ - - - - -- ------ - - - - --
Expenditures:
Personal services - -
Supplies 2,109 266
Other services and charges 1,668 1,513
Capital outlay - -
------ - - - - -- ------ - - - - --
Total Expenditures 3,777 1,779
------ - - - - -- ------ - - - - --
Excess (deficiency) of revenues over
(under) expenditures
Fund balances, January 1
Fund balances, December 31
101
(2,565) 3,875
3,875 -
------ - - - - -- ------ - - - - --
$1,310 $3,875
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -41
SPECIAL PROJECTS FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
Fiscal Years Ended December 31, 1988 and 1987 '
-------------------------------------------------------------------------------------------------------------------------------
--------------- -1987
------ ---- - - - - -- 1988------------- - - - - -- --------------- - - --
Variance Variance
- Favorable -- Favorable
Budget -- Actual- (Unfavorable) Budget - Actual (Unfavorable)
---- - - - - -- ------- - - - - -- ---- - - - - -- ------- - - - - --
Revenues:
Fees $ - $262 $262 $ - $1,429 $1,429 '
Contributions - 950 950 - 4,225 4,225
---- - - - - -- ---- - - - - -- --- ---- - - - - -- ---- - - - - -- ---- - - - - -- ------- - -- ---
TotaL Revenues - 1,212 1,212 - 5,654 5,654
---- - - - - -- ---- - - - - -- ------ - - - - - -- ---- - - - - -- ---- - - - - -- ------- - - -- -- �.
Expenditures:
Personal services
-
- 2,109
-
(2,109) -
266
(266)
Supplies
Other services and charges
- 1,668
(1,668) -
1,513
(1,513)
Capital outlay
-
-------
- -
- - - - -- ---- - - - - --
---- - - - - -- -------
- - - - --
Total Expenditures
---- - - - - -- --- ------
- 3,777
---- - - - - -- - --- - - - - -- -------
(3,777) -
- - - - -- ---- - - - -
1,779
-- ---- - - -- -- -------
(1,779)
- - - - --
Excess (deficiency) of revenues over
(under) expenditures
- (2,565)
(2,565) -
3,875
3,875
Fund balances, January 1
3,875 3,875
- -
- -- ---- - - - -
-- ---- - - -- -- -------
-
- - - - --
Fund balances, December 31
---- - - - - -- --- - - - - - -- -------
$3,875 $1,310
- --
($2,565) $ -
$3,875
$3,875
102
,
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -42
INCENTIVE GRANT FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments ($2,715) ($20,154)
------ - - - - -- ------ - - - - --
Total Cash and Investments (2,715) (20,154)
Accounts receivable - -
------ - - - - -- ------ - - - - --
Total Assets ($2,715) ($20,154)
LIABILITIES AND FUND BALANCES
----------------------- - - - - --
Liabilities:
Accounts payable -
Accrued salaries payable - -
Accrued F.I.C.A /P.E.R.A. payable - -
contracts payable retained percentage - -
Due to other government units - -
------ - - - - -- ------ - - - - --
Total Liabilities - -
------ - - - - -- ------------
Fund-Balances:
Reserved for encumbrances - -
Unreserved:
Designated for subsequent year's
expenditures -
Undesignated (2,715) (20,154)
------ - - - - -- ------ - - - - --
Total Fund Balances (2,715) (20,154)
------ - - - - -- ------ - - - - --
Total Liabilities and Fund Balances ($2,715) ($20,154)
103
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -43
INCENTIVE GRANT FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
---------------------------------------------------------------------------
1988
1987
----
Revenues:
- - - - --
---- - - - - --
Revenue from other agencies:
State of Minnesota $
-
$1,104
Refunds and refimbursements
-
2,000
Contributions
-
-
----
Total Revenues
----
- - - - --
-
- - - - --
---- - - - - --
3,104
---- - - - - --
Expenditures:
Personal services
-
-
Supplies
-
26
Other services and charges
-
2,517
Capital outlay
-
-
----
Total Expenditures
- - - - --
-
---- - - - - --
2,543
----
Excess (deficiency) of revenues over
- - - - --
---- - - - - --
(under) expenditures
-
561
----
Other Financing Sources (Uses):
- - - - --
---- - - - - --
Operating transfers in
17,349
-
Operating transfers out
-
(20,715)
----
Total other financing sources (uses)
- - - - --
17,349
---- - - - - --
(20,715)
----
Excess (deficiency) of revenues and other
- - - - --
---- - - - - --
financing sources over (under)
expenditures and other financing uses
17,349
(20,154)
Fund balances, January 1
(20,154)
-
----
Fund'balances, December 31
----
- - - - --
($2,805)
- - - - --
---- - - - - --
($20,154)
---- - - - - --
104
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INCENTIVE GRANT FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
For the Fiscal Years Ended December 31, 1988 and 1987
----------------------------------------------------------------------
1988
----- --- --- ------ - --- --
Budget Actual
-- - - - - -- -- - -- - --
----------------------
------------- - --
Variance
Favorable
Exhibit B -44
-------------------------------
1987
-------------------------------
Variance
Favorable
(Unfavorable) Budget Actual (Unfavorable)
---- --- - - - - -- ---- - - - - -- ---- - - - - -- ---- --- - - -- --
Revenues:
Revenue from other agencies:
State of Minnesota $ - $ - $ -
Refunds and refimbursements - - -
Contributions - - -
---- - - -- -- ---- - - - - -- ------- - - - - --
Total Revenues - -
---- - - - - -- ---- - - -- -- ------- - - - - --
Expenditures:
(26)
- 2,517
Personal services -
-
-
Supplies -
-
-
Other services and charges -
-
-
CapitaL outlay -
---- - -- - --
-
---- - - - - -- -------
-
-- -- --
Totat Expenditures -
-
-
---- - - - - --
Excess (deficiency) of revenues over
---- - - - - -- -----
-- - - - - --
(under) expenditures -
-- -- - - - - --
-
---- - - - - -- -------
-
- - - - --
Other Financing Sources (Uses):
Operating transfers in -
17,349
17,349
Operating transfers out -
-
-
- --- - - - - --
Total other financing sources (uses) -
---- - - - - -- ----
17,349
--- -- - - --
17,349
---- - - - - --
Excess (deficiency) of revenues and other
---- - - - - -- -------
- - - - --
financing sources over (under)
expenditures and other financing uses
17,349
17,349
Fund balances, January 1 (20,154)
(20,154)
-
- - - - --
---- - - - - --
Fund balances, December 31 ($20,154)
---- - - - - --
----------
---- - - - - -- -------
($2,805)
---- - - - - -- -------
---- - - - - -- ------
$17,349
- - - - --
- - - - - --
105
r
$ - $1,104 $1,104
2,000 2,000
---- - - - - -- ---- - - - - -- ------- - - - - --
3,104 3,104.
---- - - - - -- ---- -- - - -- ------- - - - ---
- 26
(26)
- 2,517
(2,517)
- --- - - - - -- --- - - - - - --
- 2,543
---- - - - - -- ---- - - - - --
-- ----- - - - - --
(2,543)
------- - - - - --
- 561
---- - - - - -- ---- - - - - --
561
------- - - - - --
- (20,715)
(20,715)
- -- - - - - - -- - --- --- - --
- (20,715)
---- - - - - -- ---- - - - - -- -------
------- - - - - --
(20,715)
- - - - --
(20,154)
(20,154)
-- -- - - - - -- ---- - - - - --
S - ($20,154)
---- - - - - -- ---- - - - - -- -------
---------- ---- - - - - -- -------
----- -- - - - - --
($20,154)
- - - - --
- - - - --
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC INFORMATION AND EDUCATION GRANT FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -45
----------------------------------------------------------------------------------------
1988 1987
------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments $3,219 $3,711
------ - - - - -- ------ - - - - --
Total Cash and Investments 3,219 3,711
Accounts receivable - -
Due from other governmental units:
Due from Metropolitan Council - -
------ - - - - -- ------ - - - - --
Total Assets $3,219 $3,711
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable -
Accrued salaries payable - -
Accrued F.I..C.A /P.E.R.A. payable - -
Contracts payable retained percentage - -
Due to other government units - -
------ - - - - -- ------ - - - - --
Total Liabilities - -
------ - - - - -- ------ - - - - --
Fund Balances:
Reserved for encumbrances - -
Unreserved:
Designated for subsequent year's
expenditures - -
Undesignated 3,219 3,711
------ - - - - -- ------ - - - - --
Total Fund Balances 3,219 3,711
------ - - - - -- ------ - - - - --
Total Liabilities and Fund Balances $3,219 $3,711
------ - - - - -- ------ - - - - --
------------ ------ - - - - --
106
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC INFORMATION AND EDUCATION GRANT
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit B -46
----------------------------------------------------------------------------
1988 1987
---- - - - - -- ---- - - - - --
Revenues:
Revenue from other agencies:
State of Minnesota $ - $5,000
Interest earnings - -
Contributions - -
---- - - - - -- ---- - - - - --
Total Revenues - 5,000
---- - - - - -- ---- - - - - --
Expenditures:
Personal services
-
-
Supplies
643
227
Other services and charges
88
-
Capital outlay
-
- - - - --
-
---- - - - - --
Total Expenditures
----
731
227
Excess (deficiency) of revenues over
---- - - - - --
---- - - - - --
(under) expenditures
(731)
- - - - --
4,773
---- - - - - --
Other Financing Sources (Uses):
----
Operating transfers in
239
-
Operating transfers out
-
(1,062)
Total other financing sources (uses)
---- - - - - --
239
---- - - - - --
(1,062)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
(492)
3,711
Fund balances, January 1
3,711
-
Fund balances, December 31
---- - - - - --
$3,219
----------
---- - - - - --
$3,711
---- - - - - --
107
Revenues:
Revenue from other agencies:
State of Minnesota
Interest earnings
Contributions
Total Revenues
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PUBLIC INFORMATION AND EDUCATION GRANT
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
For the Fiscal Years Ended December 31, 1988 and 1987
---------------------------------------
-
1988
Variance
Favorable
-- Budget -- Actual- (Unfavorable)
-- - - ------ - - - - --
Expenditures:
Personal services -
-
-
Supplies -
643
(643)
Other services and charges -
88
(88)
Capital outlay -
-
-------
-
- - - - --
---- - - - - --
TotaL Expenditures -
---- - - - - --
731
(731)
Excess (deficiency) of revenues over
(under) expenditures -
(731)
(731)
Other Financing Sources (Uses):
Operating transfers in -
239
239
Operating transfers out -
-
-
Total other financing sources (uses) -
239
239
---- - - - - --
Excess (deficiency) of revenues and other
---- - - - - -- -------
- - - - --
financing sources over (under)
expenditures and other financing uses
(492)
(492)
Fund balances, January 1 3,711
3,711
-
Fund balances, December 31 $3,711
$3,219
($492)
,:
Exhibit B -47 ,
---------------------------------------
1987
-------------------------- Variance
Favorable
-- Budget - Actual- (Unfavorable
- - -- - ------- - -- - --
$ - $5,000 $5,000 '
---- - - - - -- ---- - - - - -- ------- - - - - --
- -- -S -O --- --- --- -5 -0 ---
227 (227)
---- - - - - -- -- -- - - - - -- ------- -- - - --
227 (227)
---- - - - - -- ---- - - - - -- - ------ - - - - --
- 4,773 4,773
---- - - - - -- ---- - - - - -- -------- - - - - -�
- (1,062) (1,062)
---- - - - - -- -- ---- ---- ------- - - - - --
(1,062) (1,062)
---- - - - - -- ---- - - - - -- ------- - - - - --
3,711 3,711 '
---- - - - - -- ---- - - - - -- --- --- - - - ---
$ - $3,711 $3,711
r
r
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEMONSTRATION GRANT FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit B -48
- - -- - 1988 1987
- ------ - - - - -- ------ - - - - --
ASSETS
Cash and Investments $2,112 $15,710
Total Cash and Investments 2,112 15,710
Accounts receivable - -
Due from other governmental units:
Due from Metropolitan Council - -
Total Assets $2,112 $15,710
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable $ - $ -
Accrued salaries payable - 744
Accrued F.I.C.A /P.E.R.A. payable 20 87
Contracts payable retained percentage - -
Due to other government units - -
------ - - - - -- ------ - - - - --
Total Liabilities 20 831
Fund Balances:
Reserved for encumbrances - -
Unreserved:
Designated for subsequent year's
expenditures - -
Undesignated 2,092 14,879
Total Fund Balances 2,092 14,879
------ - - - - -- ------ - - - - --
Total Liabilities and Fund Balances - - - -- $2,112- ---- $15,710-
109
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit B -49
DEMONSTRATION GRANT FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
-------------------------------------------------------------------------
1988 1987
---- - - - - -- ---- - - - - --
Revenues:
Revenue from other agencies:
State of Minnesota 16,291 $ -
Interest earnings - -
Contributions - -
---- - - - - -- ---- - - - - --
Total Revenues 16,291 -
---- - - - - -- ---- - - - - --
Expenditures:
Personal services
27,650
8,796
Supplies
598
186
Other services and charges
2,292
1,139
Capital outlay
----
-
- - - - --
-
---- - - - - --
Total Expenditures
30,540
10,121
----
Excess (deficiency) of revenues over
- - - - --
---- - - - - --
(under) expenditures
(14,249)
(10,121)
- --
----
Other Financing Sources (Uses):
- - - - --
---- - - -
Operating transfers in
5,524
25,000
Operating transfers out
(4,062)
-
----
Total other financing sources (uses)
- - - - --
1,462
---- - - - - --
25,000
----
Excess (deficiency) of revenues and other
- - - - --
---- - - - - --
financing sources over (under)
expenditures and other financing uses
(12,787)
14,879
Fund balances, January 1
14,879
-
-----------
Fund balances, December 31
$2,092
---- - - - - --
$14,879
110
e
i
i
i
Revenues:
Revenue from other agencies:
State of Minnesota
Interest earnings
Contributions
Total Revenues
Expenditures:
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEMONSTRATION GRANT FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
For the Fiscal Years Ender) December 31, 1988 and 1987
1988
Variance
Favorable
Budget Actual (Unfavorable)
-- -- --
$ = 16-291 16,291
16,291 16,291
-- ---- ---- ---- - - - --- - ---- -- - - - - --
Personal services -
27,650
(27,650)
Supplies -
598
(598)
Other services and charges -
2,292
(2,292)
Capital outlay -
-
- --- --- ---
-
------- - - - - --
---- --- ---
TotaL Expenditures -
30,540
(30,540)
Excess (deficiency) of revenues over
(under) expenditures -
---- - - -- --
(14,249)
---- - - - - --
(14,249)
------- - - - ---
Other Financing Sources (Uses):
Operating transfers in -
5,524
5,524
Operating transfers out -
(4,062)
(4,062)
TotaL other financing sources (uses) -
-
1,462
1,462
---- - - - - --
Excess "(deficiency) of revenues and other
---- - - - - --
-------------
financing sources over (under)
expenditures and other financing uses
(12,787)
(12,787)
Fund balances, January 1 14,879
14,879
-
Fund balances, December 31 $14,879
$2,092
($12,787)
111
Exhibit B -50
1987
Variance
Favorable
Budget ActuaL (Unfavorable)
-- - --
S = S = S =
---- - --- -- ---- ------ -- ---- -------
8,796 (8,796)
186 (186)
1,139 (1,139)
- --- - - - - -- ---- - -- - -- -- ----- - -- - --
10,121 (10,121)
(10,121) (10,121)
---- - -- - -- -- -- - - - - -- ------- - - - - --
25,000 25,000
25,000 25,000
---- - - - - -- ---- - - - - -- ------- - - - - --
14,879 14,879
$ - $14,879 $14,879
L� 1
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INTENTIONALLY
112
CI
!
1
DEBT SERVICE FUNDS
i
I
!
I
I
i
C
CITY OF COLUMBIA HEIGHTS
� ;
I�!
MINNESOTA
I
{I
�
I
Debt Service Funds are used to account for the
C
collection of tax levies and other revenues and
to record the payment of principal and interest
I�
i
on outstanding General Obligation Bonds.
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit C -1
DEBT SERVICE FUNDS
COMPARATIVE BALANCE SHEETS
' December 31, 1988 AND
1987
----------------------------------------------------------------------------------
1988
1987
ASSETS
and investments
$4,128,391
$4,301,046
'Cash
Cash deposited with fiscal agents
9,185
5,181
Cash in escrow
8,863,500
8,863,500
'Taxes receivable - unremitted
7,476
1,248
Taxes receivable - delinquent
76,883
108,825
Special assessments receivable
'
Unremitted
-
-
Delinquent
149,795
108,729
Deferred
1,149,826
616,994
' Total Assets
$14,385,056
$14,005,523
' LIABILITIES AND FUND BALANCE
----------------------------
Liabilities:
Deferred revenue:
'
Property taxes - delinquent
$76,883
$108,825
Special assessments
1,299,621
725,723
Accounts payable
-
23,893
Bonds payable
-
-
' Matured interest payable
9,185-
5,181
Total Liabilities
1,385,689
- - - - --
863,622
------- - - - - --
' Fund Balance:
-------
Fund Balance:
Reserved for debt service
4,135,867
4,278,401
Reserved for refunding TI1980 & TI1985
8, 863,500-
'
Total Liabilities and Fund Balance
- - -
$14,385,056
-8,863,500
-- -
$14,005,523
113
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUNDS
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended December 31, 1988 and 1987
Exhibit C -2 1
Expenditures:
Bonds matured
Interest on bonds
Fiscal agent charges
Miscellaneous
Total Expenditures
Excess of revenues over
expenditures
Other Financing Sources (Uses):
Bond Proceeds
Bond issue costs
Operating transfers out
Sale of land
Total other financing sources (uses)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
Fund balances, January 1
Fund balances, December 31
645,000
335,000
'
1,105,922
1,190,479
3,109
5,395
---------------------------------------------------------------------------------------------
--- -1988-
, - - --
--- -1987-
- - --
Revenues:
- - - - -- -5,497
1,536,371
------- - - - - --
General property taxes:
,
249,596
583,274
Collected by county
------- - - - - --
------- - - - - --
'
Current ad valorem
$1,063,238
$1,092,062
-
Delinquent ad valorem
42,302
12,902
(1,293,272)
Property tax.relief (Homestead)
171,769
147,363
'
Special assessments
------- - - - - --
10,868,411
,
Special assessment collections
292,606
433,568
Penalties and.interest
181,583
90,486
Interest earnings:
Investment Trust Fund
246,079
219,925
'
Other interest
-
104,375
Other miscellaneous revenue
8,023
------- - - - - --
181964
------- - - - - --
,
Total Revenues
2,005,600
------- - - - - --
2,119,645
------- - - - - --
Expenditures:
Bonds matured
Interest on bonds
Fiscal agent charges
Miscellaneous
Total Expenditures
Excess of revenues over
expenditures
Other Financing Sources (Uses):
Bond Proceeds
Bond issue costs
Operating transfers out
Sale of land
Total other financing sources (uses)
Excess (deficiency) of revenues and other
financing sources over (under)
expenditures and other financing uses
Fund balances, January 1
Fund balances, December 31
645,000
335,000
'
1,105,922
1,190,479
3,109
5,395
----
------ --
1,756,004
- - - - -- -5,497
1,536,371
------- - - - - --
------- - - - - --
,
249,596
583,274
------- - - - - --
------- - - - - --
,
-
12,420,000
-
(271,036)
(400,507)
(1,293,272)
8,377
12,719
'
------- - - - - --
(392,130)
------- - - - - --
10,868,411
------- - - - - --
------- - - - - --
-- 13,142 =534) -- 11,690,215- ,
13,141,901 1,690,216
$12,999,367 $13,141,901
114 11
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'
DEBT SERVICE
FUNDS
Exhibit C -3
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL
' Fiscal Years
Ended December 31, 1988 and 1987
----------------------------------------------------------------------------------------------------------------------------------
'
-
--------- - - -
- - -- -1988
----------------
Variance
---------------
-1987-
---------------
Variance
Favorable
Favorable
'
- -- Budget
- - - --
- Actual-
- --
(Unfavorable)
----- -- - - --
Budget
----- - - - ---
-- Actual
- - --
(Unfavorable)
------ - - - - --
Revenues:
General property taxes:
'
Collected by county
Current ad valorem
$1,308,300
$1,063,238
($245,062)
$1,140,231
$1,092,062
($48,169)
Delinquent ad valorem
-
42,302
42,302
-
12,902
12,902
'
Property tax relief (Homestead)
146,000
171,769
25,769
68,068
147,363
79,295
Special assessments
Special assessment collections
-
292,606
292,606
-
433,568
433,568
Penalties and interest
-
181,583
181,583
-
90,486
90,486.
'
Interest earnings:
Investment Trust Fund
10,000
246,079
236,079
10,000
219,925
209,925
Other interest
-
-
-
-
104,375
104,375
' Other miscellaneous revenue
-
8,023-
8,023-
-
18,964
- - - -- 18,964
-
TotaL Revenues
- ----- - - - - --
1,464,300
------ - - - - --
- - - - --
2,005,600
------ - - - - --
- - - --
541,300
----- - - - - --
----- - - - - --
1,218,299
----- --- - --
------------
- - --
2,119,645
------ - - - - --
901,346
------ - - - - --
Expenditures:
Bonds matured
345,000
645,000
(300,000)
340,000
335,000
5,000
Interest on bonds
804,691
1;105,922
(301,231)
426,545
1,190,479
(763,934)
' Fiscal agent charges
3,600
3,109
491
4,400
5,395
(995)
Miscellaneous
-
1,973
(1,973)
5,497
- - --
(5,497)
------ - - -- --
Total Expenditures
------ - - - - --
1, 153 291
------ - - - - --
1,756,004
------ - - - - --
----- - - - - --
(602,713)
----- -- - - --
----- - - - - --
770,945
----- - - - - --
------ - -
1,536,371
------ - - - - --
(765,426)
------ - - - - --
'
Excess of revenues over
------------
expenditures
311,009
------ - - - - --
249,596
------ - - - - --
(61,413)
- ---- - - - - --
447,354
----- - - - - --
583,274
------ - - - - --
135,920
------ - - - - --
Other Financing Sources (Uses):
Bond Proceeds
-
-
-
-
12,420,000
12,420,000
Bond issue costs
-
-
-
-
(271,036)
(271,036)
'
Operating transfers out
(400,507)
(400,507)
(1,293,272)
(1,293,272)
Sale of Land
8,377
8,377
12,719
- - - -
12,719
------ - - - - --
Total other financing sources (uses)
------ - - - - --
-
------ - - - - --
(392,130)
----- - - - - --
- (392,130)
----- - - - - --
- - - - --
------ --
10,868,411
10,868,411
Excess (deficiency) of revenues and other
--
financing sources over (under)
'
expenditures and other financing uses
311,009
(142,534)
(453,543)
447,354
11,451,685
11,004,331
Fund balances, January 1
13,141,901
13,141,901
------ - - - - --
-
----- - - - ---
1,690,216
----- - - - - --
1,690,216
------ - - - - --
-
------ - - - - --
Fund balances, December 31
------ - - - - --
$13, 452,910-
$12,999,367
- (5453 =543)
$2= 137 =570-
$13, 141,901-
$11,004,331-
115
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116
Ij
F
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F
�J
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CAPITAL PROJECT FUNDS
i
1
{MINNESOTA
'
II
7
I�
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CITY OF COLUMBIA HEIGHTS
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Capital Project Funds are maintained to account
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for the construction of major capital facilities.
Project applications are a combination of
several revenue sources, such as municipal
state -aid streets, special assessments, sewer
utility fund, other governmental units, State and
I
Federal Grants, ect.
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117
Exhibit D -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
December 31, 1988
With Comparative Totals for December 31, 1987
--------------------------------------------------------------------------------------------------------------------
Capital Downtown Columbia Pk Sullivan Lake CapitaL
Improvement Land Acq. Clinic Development Improvement
Fund 401 Fund 405 Fund 406 Fund 407 Fund 408
------- - -- - -- - ---- - - - - -- ------ - - - - -- --- ---- -- - - -- ------ - - - - --
ASSETS
Cash and investments ($580,446) $89,029 $2,806 $7,838 $5,931
Accounts receivable 422 - - - -
Due from other government units - - - - -
------- -- - - -- ----- - - - - -- ------ - - - - -- ------- - - - - -- ------ - - - - --
TotaL Assets ($580,024) $89,029 $2,806 $7,838 $5,931
assssssssscsc acmcacsssss scccccasssss sssssscascsee assssxsssscs
LIABILITIES AND FUND BALANCES
-----------------------------
Liabilities:
Accounts payable
$52 $
- $ -
707 $ -
Contracts payable - retained %
34,627
- -
- -
Accrued salaries payable
764
19 -
- -
Deposits
-
- - --- -----
- -
- - -- -- ------ - - - - -- -------
- -
- - - - -- ---- -- - - - - --
----
Total Liabilities
-------
--- -
35,443
- - - - -- -----
19 -
- - - - -- --- --- - - - - -- -------
707 -
- - - - -- ------ - - - - --
Fund Balances:
Reserved
-
- -
- -
Unreserved
Designated for subsequent year's expendit
(615,467)
89,010 -
7,131 5,931
Undesignated
-
-
- - - - -- -----
- 2,806
- - - - -- ---- -- -- - - -- -------
- -
- -- - -- ------ - - - - --
-------
Total Fund Balances
(615,467)
89,010 2,806
7,131 5,931
-------
Total Liabilities and Fund Balances
- - - - -- -----
($580,024)
- - - - -- ------ - - - - -- ---
$89,029 $2,806
---- - - - - -- ------ - -- - --
$7,838 $5,931
118
Ca itaL
Ca itaL
Huset Park
I
Totals
Murzyn HaLL
Improvement
Improvement
Hazardous SuLLivan
(Memorandum
Onl
Renovation
Gov't Bldg.
Parks
Cleanup Lake
----------------------
' Fund 410
----- - - - - --
Fund 411
- -- -- - - - - --
Fund 412
----- - -- - --
Fund 413 Fund 887
--- -- - - - - -- --- - - - - - --
1988
---- -- - - --
1987
----- - - - - --
$29,516
$398,617
$2
$3,000 -
($41,505)
$37,660
1,749
-204
-
2,171
24,850
-
-
-
- -
-
9,700
$31,265
$398,617
$2,204
$3,000 $
($39,334)
$72,210
$21098
$ -
$ $ -
$21,898
$28,483
'
3,222
-$41
=
37,849
15,241
-
-
-
- -
783
1,537
----- - -----
' 21,098
----- - - - - --
----- - -----
3,222
----- - - - - --
----- - - - 41 -
41
----- - - - - --
----- - - - - - -- ---- - - - - - --
----- - - - - -- ---- - - - ---
--- 60,530-
60,530
---- - - - - --
----- -__- --
45,261
----- - - - - --
-
-
-
- -
-
24,346
' 10,167
395-395
2,163
3,000
(102,670)
-
----- - - - - --
=
2,806
2,603
10,167395
---- - - - - - --
3952,163
----- - - - - --
----- - - - - -- ---- - - - - --
3,000 -
---- - - - - --
(99,864)
----- - - - - --
26,949
'
- - -- -
$31,265
1
1
-_- - -
$398,617
- - -- -
$2,204
$3,000 $ -
($39,334)
$72,210
'
119
Exhibit D -2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Year Ended December 31, 1988
(With Comparative Totals for the Fiscal Year Ended December 31, 1987)
--------------------------------------------------------------------------------------------------------------
Capital
Downtown
Columbia Pk.
Sullivan Lake CapitaL
- - - -
Improvement
Land Acq.
Clinic
Development Improvement
(67,024)
Fund 401
Fund 405
Fund 406
Fund 407 Fund 408
- - -- - ---- - - - - --
Revenues:
--- --- - - -- --
--- - - - - --
------ - - - - --
------- - -
State Grant
$ -
$ -
$ -
$ - $ -
Interest earnings -
Investment Trust Fund -
6,768
203
3,918 -
MisceLLaneous
399,269
-
-
- -
TotaL Revenues
------ - - - - --
399,269
------ - - - ---
--- - - - ---
6,768
--- --- - --
- --- -- - - - - --
203
--- --- - - - - --
------- - - - - -- ---- - - - - - --
3,918 -
------- - - - - -- ----- - - - - --
Expenditures:
Construction contracts - - - - -
Other project expenditures 1,075,780 7,612 - 467,566 -
------ - - - - -- --- - - - - -- ------ - - - - -- ------- - - - - -- --- -- -- - - --
Total Expenditures 1,075,780 7,612 - 467,566 -
------ - - - - -- --- - - - - -- --- --- - - - - -- ------- --- - -- ----- - - - - --
Excess of revenues over
expenditures (676,511) (844) 203 (463,648) -
------ - - - --- --- - - - - -- ------ - - - - -- ------- - - - - -- ----- - - - - --
Other Financing Sources (Uses):
Operating transfers in
849,624
- - - -
other reimbursements
-
- - - -
Contributions
-
- - - -
Operating transfers out
(67,024)
- - - -
Total other financing sources (uses)
------ - - - - --
782,600
--- - - - - -- ------ - - - - -- ------- - -- - -- ----- - - - - --
- - - -
Excess (deficiency) of revenues and other
---- -- - - - - --
--- - - - - -- ------ - - - - -- ------- - - - - -- ----- - - - ---
financing sources over (under)
expenditures and other financing uses
106,089
(844) 203 (463,648) -
fund balances, January 1
(721,556)
--
89,854 2,603 470,779 5,931
--- - - - - -- ------ - -- -- --- -- - - - - -- ----- - - - - --
Fund balances, December 31
------ - - - -
($615,467)
- --
$89,010 $2,806 $7,131 $5,931
120
--------------------------------------------------------------------------------------------
Capital
Capital
Huset Park
Totals
Murzyn Hall
Improvement
Improvement
Hazardous
Sullivan
(Memorandum Only)
' Renovation
Gov't BLdg.
Parks
Cleanup
Lake
---------------
--
Fund 410
----- - - - - --
Fund 411
----- - - - - --
Fund 412
----- - - -- --
Fund 413
----= - - - - --
Fund 887
----- -- - - --
1988
------ - -- - --
1987
- ----- - - - - --
'$ -
$ -
$ -
$ -
$ -
$ -
$72,558
-
12,158
-
-
-
23,047
41,709
345
- - ---- -345-
-
- - --
-
----- -
-
-
399,614
1,150
'
----- - - - - --
12,158-
----- - - - - --
- - - - --
----- - - - - --
----- - - - - - --
---- - - - - - --
----- - - - - ---
- ---- - - - - --
- - - - 422,661 --- -661-
------ - - - - --
---- 115,4171- - -----
------ - - - - --
-
-
-
-
-
-
29,482
11,239
6666- 6666 66
122,092
66 - -- 6666 66
31,337
66 - -- 6666 66
-
-
1,715,626
1,096,572
11,239
----- - - - - --
122,092
----- - - - - --
31,337
----- - - - - --
66 - -- 6666 --
-
----- - - - - --
6666 - 6666 --
-
----- -- - - --
- - - - -- 6666 --
1,715,626
------ - - - - --
- 6666 - 6666 --
1,126,054
------ - - - - --
' - -- (10,894)
--------
(109,934)
----- - - - - --
(31,337)
- -- - -- - -- -6
-
666 -- 6666 --
6666-
- 6666 --
(1,292,965)
---- -- - - - - --
(1,010,637)
------ - - - - --
' -
352,575
30,000
-
-
1,232,199
1,342,067
9,890
-
-
-
-
9,890
23
3,497
-
3,500
3,000
-
9,997
1,150
t -
----- - - - - --
-
-- --- - - - - --
-
----- - - - - --
(18,910)
(85,934)
-
13,387
----- - - - - --
352,575
----- - - - - --
33,500
----- - - - - --
- ---- - - - - --
3,000
----- - - - - --
- --
-----------
(18,910)
----- - - -- --
------ - - - - --
1,166,152
------ - - - - --
------ - - - - --
1,343,240
------ - - - - --
2,493
242,641
2,163
3,000
(18,910)
(126,813)
332,603
' 7,674
----- - - - - --
152,754
----- - - - - --
-
----- - - - - --
-
-----
18,910
26,949-
(305,654)
$10,167
$395,395
$2,163
- - - - --
$3,000
----- - - - - --
$ -
- - - -- ------
($99,864)
------ - - - - --
$26,949
'
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122
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ENTERPRISE FINDS
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The Authority for these types of funds is derived
from Section 69 (b) of the City Charter which
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enterprise funds.
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The Enterprise Funds are a member of the proprietary
fund category, and as such, are accounted for on the
I accrual basis of accounting. Revenues in the
enterprise fund are recognized when they are earned
and their expenses are recognized when they are
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incurred.
The Enterprise Funds are used to account for
operations that are either financed and operated
in a manner similar to private business enterprises
or where the governing body has decided that
periodic determination of revenues earned, expenses
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incurred, and \or net income is appropriate for
capital maintenance, public policy, management
control, accountability, or other purposes.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED ENTERPRISE FUNDS
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
Exhibit E -1
Equity:
Contributed capital:
Customers 508,984 862,812 - - 1,371,796 1,437,025
Federal 453,000 - - - 453,000 453,000
Municpal funds - - -
Property owners - - - -
- ---- - - - - -- -- --- - - - - -- ----- - - - - -- ----- - - - --- ----- - - - - -- ----- - - - - --
Total contributed capital: $961,984 $862,812 s0 $0 1,824,796 1,890,025
----- - - - - -- ---- - - - - --- ----- - - - - -- ---- - - - - - -- ----- - - - - -- ----- - - - - --
Retained earnings:
Water
----- - - - - --
Sewer
----- - - - - --
Refuse
----- - - - - --
Liquor
----- - - - - --
1988
----- - - - - --
1987
----- - - - - --
ASSETS
1,415,732
3,178,362
131,444
----- - - - - --
1,364,954
----- - - -- --
6,090,492
----- - - - - --
5,553,713
---- - -- - - --
Current assets:
----- - - - - --
$1,415,732
----- - - - - --
$3,178,362
$131,444
- - - - --
$1,364,954
----- - - - - --
6,090,492
--- -- - - -- --
5,553,713
----- - - -- --
Cash & investments
$664,309
$2,312,282
($59,728)
$904,465
3,821,328
3,641,488
Accounts receivable (net of allowances
----- - - ----
$2,433,425
-----
$4,050,998
$131,783
$1,570,736
8,186,942
7,795,180
for uncoLLectibLes)
190,820
169,191
186,534
148
546,693
480,842
Inventories
3,039
-
-
420,603
423,642
499,367
Due from other governmental units
-
239,600
-
-
- - - - --
239,600
----- - - - - --
253,654
----- - - - - --
Total current assets
--- -- - - - - --
858,168
----- - - - - --
----- -- - - --
2,721,073
----- - - - - --
----- - - - - --
126,806
----- -- - - --
-----
1,325,216
----- - - - - --
5,031,263
----- - - - - --
4,875,351
----- - - - - --
Fixed assets:
Land
45,223
36,586
-
7,125
88,934
88,934
Buildings
213,204
26,524
-
136,786
376,514
319,952
Accumulated depreciation -- buildings
(98,060)
(14,441)
-
(45,038)
(157,539)
(145,467)
Improvements other than buildings
2,485,683
2,531,923
2,890
103,859
5,124,355
4,811,523
Accumulated depreciation -- improvements
other than buildings
(1,082,078)
(1,307,057)
(385)
(42,978)
(2,432,498)
(2,315,467)
Machinery & equipment
126,945
252,275
2,188
145,522
526,930
499,281
Accumulated depreciation -- machinery & equipment
(116,202)
(196,021)
(156)
(63,882)
(376,261)
(342,434)
Office furniture & fixtures
3,722
3,414
440
30,649
38,225
31,658
Accumulated depreciation -- office
furniture & fixtures
(3,180)
(3,278)
-
(26,523)
----- - - - - --
(32,981)
----- - - - - --
(28,151)
---- - - - - - --
Fixed assets (net of accumulated depreciation)
-- --- - - - - --
1,575,257
----- - - - - --
1,329,925
----- - - - - --
4,977
245,520
----- - - - - --
3,155,679
----- - - - - --
2,919,829
----- - - - - --
Total assets
----- - - - - --
2,433,425
----- - - -- --
4,050,998
----- - - - - --
131,783
1,570,736
8,186,942
7,795,180
Liabilities and equity
Current liabilities:
Accounts payable
$45,996
$2,237
$339
$158,757
207,329
289,809
Compensated absences payable
7,587
7,587
-
12,591
27,765
28,058
Retainage payable
-
-
-
Due to other,governmentaL units
2,126
-
-
- - - --
34,434
----- -- - - --
36,560
----- - - -- --
33,575
-- --- -- - - --
Total current liabilities
----- - - - - --
$55,709
----- - - - - --
----- - - - - --
$9,824
----- - - - - --
----- -
$339
----- - - - - --
$205,782
----- - - - - --
271,654
----- - - - - --
351,442
----- - - - - --
Equity:
Contributed capital:
Customers 508,984 862,812 - - 1,371,796 1,437,025
Federal 453,000 - - - 453,000 453,000
Municpal funds - - -
Property owners - - - -
- ---- - - - - -- -- --- - - - - -- ----- - - - - -- ----- - - - --- ----- - - - - -- ----- - - - - --
Total contributed capital: $961,984 $862,812 s0 $0 1,824,796 1,890,025
----- - - - - -- ---- - - - - --- ----- - - - - -- ---- - - - - - -- ----- - - - - -- ----- - - - - --
Retained earnings:
unreserved
1,415,732
3,178,362
131,444
----- - - - - --
1,364,954
----- - - -- --
6,090,492
----- - - - - --
5,553,713
---- - -- - - --
Total retained earnings
----- - - - - --
$1,415,732
----- - - - - --
$3,178,362
$131,444
- - - - --
$1,364,954
----- - - - - --
6,090,492
--- -- - - -- --
5,553,713
----- - - -- --
Total equity
--- -- - - - - --
2,377,716
----- - - - - --
4,041,174
- - - - --
-----
131,444
----- -- - - --
1,364,954
----= - - - ---
7,915,288
----- - - - - --
7,443,738
----- - - - - --
Total liabilities and equity
----- - - ----
$2,433,425
-----
$4,050,998
$131,783
$1,570,736
8,186,942
7,795,180
The notes to the financial statements are an
integral part of
this statement.
123
Exhibit E -2
CITY
OF COLUMBIA HEIGHTS,,
MINNESOTA
COMBINED ENTERPRISE
FUND
COMPARATIVE STATEMENTS OF REVENUES,
EXPENSES AND
CHANGES
IN RETAINED EARNINGS
For the fiscal
years ended December 31, 1988 and 1987
Water
--- ---
Sewer
-- --- ---
Refuse
-- --- --- - --
Liquor
-- --- -- -- --
1988
--- -- - - -- --
1987
-- --- -- - ---
Operating revenues:
- -------
Charges for sales and services:
Water sales
906,071
-
-
-
906,071
863,070
Meter sales
6,216
-
-
-
6,216
6,761
Customer services
1,959
-
-
-
1,959
1,492
Penalties
17,267
-
-
-
17,267
17,222
Sewer service charges
-
797,165
-
-
797,165
807,328
Interceptor maintenance
-
20,960
-
-
20,960
20,184
Refuse service charge
-
-
641,852
-
641,852
597,424
Federal & State grants
-
-
-
-
-
28,202
Sales liquor
-
-
-
1,122,336
1,122,336
1,224,461
Sales beer
-
-
-
1,832,618
1,832,618
1,877,797
Sales wine
-
-
-
412,533
412,533
450,070
Sales other
-
-
-
- - - - --
223,065
----- - - - - --
223,065
----- - - - - --
195,920
----- - - - - --
Total operating revenues
----- - - - - -- -----
931,513
----- - - - - -- -----
- - - - --
818,125
- -- - --
-----
641,852
----- - - -- --
3,590,552
---- - - - - - --
5,982,042
----- - - - - --
6,089,931
----- - - - - --
Operating expenses:
Cost of sales and services
482,502
553,449
-
-
1,035,951
911,603
Distribution
$240,723
$147,277
-
-
388,000
364,904
Administration
10,317
8,769
-
-
19,086
22,625
Depreciation
48,820
88,074
442
30,424
167,760
139,745
Collection & disposal
-
-
543,333
-
543,333
525,436
Recycling
-
-
5,807
-
5,807
12,314
Hazardous waste
-
-
2,350
-
2,350
-
Cost of goods sold
-
-
-
3,006,085
3,006,085
3,109,599
Operating expense
-
-----
-
- - - - --
-
----- - - - - --
372,228
----- - - - - --
372,228
----- - - - - --
392,725
----- - - - - --
TotaL.operating expense
--- -- - - - - --
782,362
797,569
551,932
- - - - --
3,408,737
----- - - - - --
5,540,600
----- - - - - --
5,478,951
----- - - - - --
Operating income
----- - - - - -- -----
149,151
----- - - - - -- -----
-- - - --
20,556
- - - - --
-----
89,920
----- - - -- --
181,815
----- - - - - --
441,442
----- - - - - --
610,980
----- - - - - --
Nonoperating revenues (expense):
Interest income
54,463
178,994
-
65,152
298,609
246,976
Miscellaneous revenue
48
7,712
-
2,135
9,895
20,615
Miscellaneous expense
-
-
-
(1,063)
(1,063)
(2,749)
Transfers in
-
-
-
-
-
15,955
Transfers out
(27,351)
(27,351)
(55,935)
- - - - --
(166,696)
----- - - - - --
(277,333)
---- - - - - - --
(383,827)
----- - - - - --
Total nonoperating revenues (expenses)
----- - - - --- -----
27,160
- - - - --
159,355
-----
(55,935)
(100,472)
- - - - --
30,108
----- - - - - --
(103,030)
----- - - - - --
Net income
----- - - - - -- -----
176,311
- - - - --
179,911
----- - - - - --
33,985
-- ---
81,343
471,550
507,950
Trans depr on contributed assets
26,294
38,935
-
-
65,229
65,229
Retained earnings, January 1
1,213,127
----=
2,959,516
- - - - --
97,459
----- - - - - --
1,283,611
----- - - - - --
5,553,713
----- - - - - --
4,980,534
----- - - - - --
Retained earnings, December 31
----- - - - - --
1,415,732
3,178,362
131,444
1,364,954
6,090,492
5,553,713
The notes to the financial statements are an integral part of this statement.
124 11
Cash flow from investing activities:
Purchases of fixed assets
CITY OF COLUMBIA HEIGHTS,
MINNESOTA
2,453
Exhibit
E -3
44,334
- - - --
COMBINED
ENTERPRISE
FUND
---- - -- - - --
2,453
---- - - - - - --
----- - - - - --
58,231
-- --- - - - - --
---- - - -- - --
403,610
- ---- - - - - --
COMPARATIVE STATEMENTS OF
CHANGES IN
FINANCIAL POSITION
183,952
(23,713)
For
the fiscal years ended December
31, 1988 and
1987
718,736
2,128,330
(36,015)
- - - - --
Water
Sewer
Refuse
Liquor
1988
- - - --
1987
---- - --- - --
Cash flows from operating activities:
----- - - - - -- ----
- - - - - --
----- - - - - --
- ---- - - - - --
--- ---
-
Cash recieved from customers
911,148
822,635
608,942
3,590,544
5,933,269
6,035,935
Cash paid to suppliers and employees
(732,913)
(714,934)
(574,267)
(3,357,813)
(5,379,927)
(5,349,244)
Interest received
54,463
$178,994
-
$65,152
298,609
246,976
Miscellaneous revenue received
48
7,712
-
1,072
8,832
17,866
Transfers in
-
-
-
-
-
15,955
Transfers out
(27,351)
(27,351)
(55,935)
(166,696)
(277,333)
(383,827)
- - - - --
Net cash provided by operating activities
----- - - -- -- -----
205,395
----- - - - - -- -----
- - - - --
267,056
- - - - --
----- - - - - --
(21,260)
- ----- - - - --
----- - - - - --
132,259
----- - - - - --
----- - - -- --
583,450
----- - - - - --
-----
583,661
----- - - - - --
Cash flow from investing activities:
Purchases of fixed assets
259,822
83,104
2,453
58,231
403,610
44,334
- - - --
Net cash used in investing activities
----- - - - - --
259,822
----- - -- - --
----- - - - - --
83,104
- ---- - - - - --
---- - -- - - --
2,453
---- - - - - - --
----- - - - - --
58,231
-- --- - - - - --
---- - - -- - --
403,610
- ---- - - - - --
---- - -
44,334
----- -- - - --
Net increase (decrease) in cash
(54,427)
183,952
(23,713)
74,028
179,840
539,327
Cash, January 1
718,736
2,128,330
(36,015)
- - - - --
830,437
-- --- - -- - --
3,641,488
----- - - -- --
3,102,161
----- - - - - --
Cash, December 31
----- -- ----
664,309
----- - - - - --
----- - - - - --
2,312,282
----- - - - - --
-----
(59,728)
----- - - - - --
904,465
----- - - - ---
3,821,328
----- - - - - --
3,641,488
----- - - - - --
RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
Water Sewer Refuse Liquor 1988 1987
- ---- - -- - -- ----- - - - - -- -- --- - - - - -- -- --- - - - - -- -- -- -- - - --- ----- - - - - --
Net Income- 176,311 179,911 33,985 81,343 471,550 507,950
----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - --
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation expense
$48,820
$88,074
$442
$30,424
167,760
139,745
(Increase) decrease in accounts receivable
(20,365)
4,510
(32,910)
(8)
(48,773)
(36,918)
(Increase) decrease in inventories
-
-
-
75,725
75,725
(87,168)
Increase (decrease) in accounts payable
949
(2,054)
(22,777)
(58,598)
(82,480)
(21,225)
Increase (decrease) in compensated absences
(361)
(361)
-
429
(293)
1,254
Increase (decrease) in retainage payable
-
-
-
-
-
-
Increase (decrease) in due to
other governmental units
41
-
-
2,944
2,985
31,954
(Increase) decrease in due from
other governmental units
-
(3,024)
-
-
(3,024)
48,069
Total adjustments
----- - - - - -- -----
29,084
- - - - --
87,145
----- - - - - --
(55,245)
--- -- - - - - --
50,916
----- - - - - --
111,900
- - - - --
----- - - - - --
75,711
Net cash provided by operating activities
----- - - - - -- -----
$205,395
- - - - --
$267,056
----- - -- - --
($21,260)
----- - - - - --
$132,259
-----
583,450
----- - - - - --
583,661
The notes to the financial statements are an
integral part of this
statement.
125
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
ASSETS
Current assets:
Cash
Investments
Accounts receivable (net of allowances
for uncollectibles)
Inventories
Total current assets
Fixed assets:
Land
Buildings
Accumulated depreciation -- buildings
Improvements other than buildings
Accumulated depreciation -- improvements
other than buildings
Machinery & equipment
Accumulated depreciation -- machinery & equipment
Office furniture & fixtures
Accumulated depreciation -- office
furniture & fixtures
Fixed assets (net of accumulated depreciation)
Total assets
Liabilities and equity
Current liabilities:
Accounts payable
Compensated absences payable
Retainage payable
Due to other governmental units
Total current liabilities
Equity:
Contributed capital:
Customers
Federal
Total contributed capital:
Retained earnings:
Exhibit E -4 '
1988 1987
----- - - - - -- ----- - - - - --
$664,309 $718,736
190,820
170,455
3,039
3,039
----- - - - - --
858,168
----- - - - - --
----- - - - - --
892,230
----- - - - - --
45,223
45,223
213,204
212,924
(98,060)
(90,898)
2,485,683
2,229,619
(1,082,078)
(1,045,877)
126,945
123,467
(116,202)
(111,209)
3,722
3,722
(3,180) (2,716)
----- - - - - -- ----- - - - - --
1,575,257 1,364,255
----- - - - - -- ----- - - - - --
2,433,425 2,256,485
----- - - - - -- ----- - - - - --
----------- ----- - - - - --
$45,996
$45,047
7,587
7,948
2,126
2,085
$55,709
----- - - - - --
$55,080
----- - - - - --
508,984
535,278
453,000
453,000
----- - - - - --
$961,984
----- - - - - --
$988,278
Unreserved 1,415,732 1,213,127
----- - - - - -- ----- - - - - --
Total retained earnings $1,415,732 $1,213,127
Total equity 2,377,716 2,201,405
----- - - - - -- ----- - - - - --
Total liabilities and equity $2,433,425 $2,256,485
The notes to the financial statements are an integral part of this statement.
126
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit E -5
' WATER UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF CHANGES IN FINANCIAL POSITION
For the fiscal years ended December 31, 1988 and 1987
1988 1987
----- - - - - -- -----------
Cash flows from operating activities:
' Cash recieved from customers 911,148 871,245
Cash paid to suppliers and employees (732,913) (731,429)
Interest received $54,463 $39,223
Miscellaneous revenue received 48 1,427
Transfers out ( 27 351
- - - ) ( 39 373 )
- --
Net cash provided by operating activities 205,395 141,093
— ----- - - - - -- ----- - - - - --
Cash flow from investing activities:
Purchases of fixed assets
Net cash used in investing activities
259,822 2,512
----- - - - - -- ----- - - - - --
259,822 2,512
----- - - - - -- ----- - - - - --
Net increase (decrease) in cash (54,427) 138,581
Cash, January 1 718,736 580,155
Cash, December 31 664,309 718,736
----- - - - - -- ----- - - - - --
RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
Net Income
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation expense
(Increase) decrease in accounts receivable
(Increase) decrease in inventories
Increase (decrease) in accounts payable
Increase (decrease) in compensated absences
Increase (decrease) in retainage payable
Increase (decrease) in due to
other governmental units
Total adjustments
Net cash provided by operating activities
1988 1987
----- - - - - -- ----- - - - - --
176,311 117,065
$48,820
$50,379
(20,365)
(17,300)
949
(8,434)
(361)
(1,557)
41 940
----- - - - - -- ----- - - - - --
29,084 24,028
----- - - - - -- ----- - - - - --
$205,395 $141,093
----- - - - - -- ----- - - - - --
----------- ----- - - - - --
The notes to the financial statements are an integral part of this statement.
127
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
For the fiscal years ended December 31, 1988 and 1987
Operating revenues:
Charges for sales and services:
Water sales
Meter sales
Customer services
Penalties
Total operating revenues
Operating expenses:
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expense
Operating income
Nonoperating revenues (expense):
Exhibit E -6 I
1988 1987
----- - - - - -- ----- - - - - --
906,071
863,070
6,216
$6,761
1,959
1,492
17,267
17,222
----- - - - - --
931,513
----- - - - - --
----- - - - - --
888,545
----- - - - - --
482,502
512,128
$240,723
$199,482
10,317
10,768
48,820
50,379
----- - - - - --
782,362
----- - - - - --
772,757
----- - - - - --
149,151
----- - - - - --
----- - - - - --
115,788
----- - - - - --
Interest income
54,463
39,223
Miscellaneous revenue
48
1,427
Miscellaneous expense
_
_
Transfers out
(27,351)
(39,373)
Total nonoperating revenues (expenses)
----- - - - - --
27,160
----- - - - - --
1,277
Net income
----- - - - - --
176,311
----- - - - - --
117,065
Trans depr on contributed assets
26,294
26,294
Retained earnings, January 1
1,213,127
1,069,768
Retained earnings, December 31
----- - - - - --
1,415,732
----- - - - - --
1,213,127.
The notes to the financial statements are an
integral part of this
statement.
128
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
ASSETS
Current assets:
Cash & investments
Accounts receivable (net of allowances
for uncollectibles)
Due from other governmental units
Total current assets
Fixed assets:
Land
Buildings
Accumulated depreciation - -buil °dings
Improvements other than buildings
Accumulated depreciation -- improvements
other than buildings
Machinery & equipment
Accumulated depreciation -- machinery & equipment
Office furniture & fixtures
Accumulated depreciation -- office
furniture & fixtures
Fixed assets (net of accumulated depreciation)
Total assets
Liabilities and equity
Current liabilities:
Accounts payable
Compensated absences payable
Retainage payable
Total current liabilities
Equity:
Contributed capital:
Customers
Total contributed capital:
Retained earnings:
Exhibit E -7
Form A -1
1988 1987
----- - - - - -- ----- - - - - --
$2,312,282 $2,128,330
169,191
239,600
2,721,073
36,586
26,524
(14,441)
2,531,923
(1,307,057)
252,275
(196,021)
3,414
(3,278)
1,329,925
4,050,998
$2,237
7,587
$9,824
862,812
$862,812
173,701
236,576
2,538,607
36,586
26,245
(13,458)
2,475,155
(1,238,241)
226,218
(178,432)
3,414
(2,592)
1,334,895
3,873,502
$4,291
7,948
$12,239
901,747
$901,747
Unreserved 3,178,362 2,959,516
----- - - - - -- ----- - - - - --
Total retained earnings $3,178,362 $2,959,516
----- - - - - -- ----- - - - - --
Total equity 4,041,174 3,861,263
----- - - - - -- ----- - - - - --
Total liabilities and equity $4,050,998 $3,873,502
The notes to the financial statements are an integral part of this statement.
129
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
For the fiscal years ended December 31, 1988 and 1987
Operating revenues:
Charges for sales and services:
Sewer service charges
Interceptor maintenance
Total operating revenues
Operating expenses:
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expense
Operating income
Nonoperating revenues (expense):
Exhibit E -8 1
1988 1987
----- - - - - -- ----- - - - - --
797,165
807,328
20,960
$20,184
818,125
----- - - - - --
827,512
----- - - - - --
553,449
399,475
147,277
$165,422
8,769
11,857
88,074
63,803
-----------
797,569
- - --
640,557
209556
----- - - - - --
186,955
----- - - - - --
Interest income 178,994 147,555
Other refunds & reimbursements 7,712 7,391
Miscellaneous expense - -
Transfers out (27,351) (29,852)
----- - - - - -- ----- - - - - --
Total nonoperating revenues (expenses) 159,355 125,094
----- - - - - -- ----- - - - - --
Net income 179,911 312,049
Trans depr on contributed assets 38,935 38,935
Retained earnings, January 1 2,959,516 2,608,532
Retained earnings, December 31 3,178,362 2,959,516
The notes to the financial statements are an integral part of this statement.
130
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit E -9
SEWER UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF CHANGES IN FINANCIAL
POSITION
For the fiscal years ended December 31,
1988 and 1987
'
1988
1987
Cash flows from operating activities:
----- - - - - --
----- - - - - --
' Cash receeved from customers
822,635
815,914
Cash paid to suppliers and employees
(714,934)
(541,681)
Interest received
$178,994
$147,555
Miscellaneous revenue received
7,712
7,391
'
Transfers out
(27,351)
(29,852)
Net cash provided by operating activities
----- - - - - --
267,056
------ - - -. --
----- - - - - --
399,327
----- - - - - --
Cash flow from investing activities:
Purchases of fixed assets
83,104
36,095
Net cash used in investing activities
- - -- -
83,104
-----
36,095
Net increase (decrease) in cash
183,952
363,232
Cash, January 1
2,128,330
----- - - - - --
1,765,098
----- - - - - --
' Cash, December 31
2,312,282
----- - - - - --
2,128,330
----- - - - - --
RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
1988
1987
Net Income
----- - - - - --
179,911
----- - - - - --
312,049
Adjustments to reconcile net income to
- --
net cash provided by operating activities:
Depreciation expense
$88,074
$63,803
(Increase) decrease in accounts receivable
4,510
(11,598)
Increase (decrease) in accounts payable
(2,054)
(28,410)
Increase (decrease) in compensated absences
(361)
(1,664)
'
Increase (decrease) in retainage payable
(Increase) decrease in due from
other governmental units
(3,024.)
65,147
i Total adjustments
- - - -87 145-
- - - -87 278
Net cash provided by operating activities
----- - - - - --
$267,056
----- - - - - --
$399,327
The notes to the financial statements are an integral
part of this
statement.
131
Exhibit E -10
Form A -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
132
1988
1987
,
ASSETS
----- - - - - --
----- - - - - --
Current assets:
Cash
($59,728)
($36,015)
,
Accounts receivable (net of allowances
for uncollectibles)
Due from other govermmntal units
186,534
-
136,546
17,078
,
Total current assets
1260*806
- - --
117,609
Fixed assets:
----- - - - - --
----- - - - - --
Improvements other than buildings
2,890
2,890
Accumulated depreciation -- improvements
other than buildings
(385)
(96)
Machinery & equipment
2,188
175
Accumulated depreciation -- machinery & equipment
(156)
(3)
Office furniture & fixtures
440
-
Accumulated depreciation -- office
furniture & fixtures
-
-
Fixed assets (net of accumulated depreciation)
----- - - - - --
4,977-
----- - - - - --
Total assets
- - - --
1319783
- - -- -2,966
120,575
Liabilities and equity
Current liabilities:
Accounts payable
$339
$23,116
Total current liabilities
$339
$23,116
'
Equity:
----- - - - - --
----- - - - - --
Retained earnings.unreserved
131,444
- - -- 97,459
Total retained earnings
$131,444
$97,459
Total equity
----- -� - - --
131,444
----- -� - - --
97,459
Total liabilities and equity
----- - - - - --
$131,783
----- - - - - --
$120,575
'
The notes to the financial statements are an integral
part of this
statement.
132
Exhibit E -11
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
For the fiscal years ended December 31,
1988 and 1987
1988
1987
Operating revenues:
----- - - - - -- -----
- - - - --
Charges for sales and services:
Refuse service charge
641,852
597,424
Federal & State grants
-
- - - - -- -----
28,202
- - - - --
Total operating revenues
-----
641,852
625,626
Operating expenses:
Collection & disposal
543,333
525,436
Recycling
$5,807
$12,314
Hazardous waste
2,350
-
Depreciation
442
----- - - - - -- -----
99
- - - - --
Total operating expense
551,932
537,849
Operating income
-
89,920
87,777
- - - - --
Nonoperating revenues (expense):
----- - - - - -- -----
Transfers in
-
15,955
Transfers out
(55,935)
(73,794)
Total nonoperating revenues (expenses)
----- - - - - -- -----
(55,935)
- - - - --
(57,839)
Net income
----- - - - - -- -----
33,985
- - - - --
29,938
Retained earnings, January 1
97,459
67,521
Retained earnings, December 31
131,444
97,459
The notes to the financial statements are an integral
part of this statement.
133
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit E -12
REFUSE UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF CHANGES IN FINANCIAL POSITION
For the fiscal years ended December 31, 1988 and 1987
Cash flows from operating activities:
Cash recieved from customers
Cash paid to suppliers and employees
Interest received
Transfers in
Transfers out
Net cash provided by operating activities
Cash flow from investing activities:
Purchases of fixed assets
Net cash used in investing activities
1988 1987
----- - - - - -- ----- - - - - --
608,942
599,608
(574,267)
(526,366)
-
15,955
(55,935)
(73,794)
----- - - - - --
(21,260)
----- - - - - --
----- - - - - --
15,403
----- - - - - --
2,453 3,065
----- - - - - -- ----- - - - - --
2,453 3,065
----- - - - - -- ----- - - - - --
Net increase (decrease) in cash (23,713) 12,338
Cash, January 1 (36,015) (48,353)
----- - - - - -- ----- - - - - --
Cash, December 31 (59,728) (36,015)
RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
Net Income
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation expense
(Increase) decrease in accounts receivable
Increase (decrease) in accounts payable
Increase (decrease) in compensated absences
Increase (decrease) in.retainage payable
(Increase) decrease in due from
other governmental units
Total adjustments
Net cash provided by operating activities
1988 1987
----- - - - - -- ----- - - - - --
33,985 29,938
----- - - - - -- ----- - - - - --
$442
$99
(32,910)
(8,940)
(22,777)
11,384
- (17,078)
----- - - - - -- ----- - - - - --
(55,245) (14,535)
----- - - - - -- ----- - - - - --
($21,260) $15,403
----- - - - - -- ----- - - - - --
----------- ----- - - - - --
The notes to the financial statements are an integral part of this statement.
134
135
Form A -1
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
Exhibit E -13
LIQUOR UTILITY ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
' December 31, 1988 and 1987
1988
1987
' ASSETS
----- - - - - --
----- - - - - --
Current assets:
Cash & investments
$904,465
$830,437
Accounts receivable (net of allowances
'
for uncollectibles)
148
140
Inventories
420,603
496,328
- --
-
Total current assets
----- - - - - --
1,325,216
----- - - - - --
----- - - -
1,326,905
----- - - - - --
Fixed assets:
Land
7,125
7,125
'
Buildings
136,786
80,783
Accumulated depreciation -- buildings
(45,038)
(41,111)
Improvements other than buildings
103,859
103,859
Accumulated depreciation -- improvements
'
other than buildings
(42,978)
(31,253)
Machinery & equipment
145,522
149,421
- Accumulated depreciation -- machinery & equipment
(63,882)
(52,790)
' Office furniture & fixtures
30,649
24,522
Accumulated depreciation -- office
furniture & fixtures
(26,523)
(22,843)
Fixed assets (net of accumulated depreciation)
245,520
217,713
Total assets
- -- -
1,570,736
--- -
1,544,618
' Liabilities and equity
Current liabilities:
Accounts payable
$158,757
$217,355
Due to other governmental units
34,434
31,490
Compensated absences payable
-
12,591
12,162
Total current liabilities
----- - - - - --
-- $205,782-
----- - - - - --
$261,007
Equity:
Retained earnings -- unreserved
1,364,954
1,283,611
' Total retained earnings
$1,364,954
$1,283,611
- - - --
Total liabilities and equity
----- - - - - --
$1,570,736-
----- -
$1,544,618
The notes to the financial statements are an integral
part of this
statement.
135
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR ENTERPRISE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
For the fiscal years ended December 31, 1988 and 1987
Operating revenues:
Charges for sales and services:
Sales liquor
Sales beer
Sales wine
Sales other
Total operating revenues
Operating expenses:
Cost of goods sold
Operating expense
Depreciaton
Total operating expense
Operating income
Nonoperating revenues (expense):
Exhibit E -14
1988 1987
----- - - - - -- ----- - - - - --
1,122,336
1,224,461
$1,832,618
$1,877,797
412,533
450,070
223,065
195,920
----- - - - - --
3,590,552
----- - - - - --
----- - - - - --
3,748,248
----- - - - - --
3,006,085 3,109,599
372,228
392,725
30,424
25,464
----- - - - - --
3,408,737
----- - - - - --
3,527,788
----- - - - - --
181,.815
----- - - - - --
220,460
Interest income
65,152
60,198
Miscellaneous income
2,135
11,797
Miscellaneous expense
(1,.063)
(2,749)
Transfers out
(166,696)
(240,808)
Total nonoperating revenues (expenses)
----- - - - - --
(100,472)
----- - - - - --
(171,562)
Net income'
----- - - - - --
81,343
----- - - - - --
48,898
Retained earnings, January 1
1,283,611
1,234,713
Retained earnings, December 31 1,364,954 1,283,611
The notes to the financial statements are an integral part of this statement.
136
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENTS OF CHANGES IN FINANCIAL POSITION
For the fiscal years ended December 31, 1988 and 1987
Exhibit E -15
' 1988 1987
' RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
' 1988 1987
'
Cash flows from operating activities:
- - -- 81,343
48,898
'
Cash recieved from customers
3,590,544
3,749,168
Cash paid to suppliers and employees
(3,357,813)
(3,549,768)
Interest received
$65,152
$60,198
'
Miscellaneous income
(8)
920
'
Transfers out
1072
(166,696)
,48
(240808)
Net cash provided by operating activities
- - --- -
132,259
---
27,838
Increase (decrease) in retainage payable
----- - - - - --
----- - - - - --
Cash flow from investing activities:
'
'Purchases of fixed assets
- - -- 58,231-
2,662 -
Net cash used in investing activities
58,231
2,662
'
Net increase (decrease) in cash
74,028
25,176
Cash, January 1
830,437
805,261
'
Cash, December 31
----- - - - - --
904,465
----- - - - - --
----- - - - - --
830,437
----- - - - - --
' RECONCILIATION OF NET INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
' 1988 1987
'
Net Income
- - -- 81,343
48,898
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation expense
$30,424
$25,464
'
(Increase) decrease in accounts receivable
(8)
920
(Increase) decrease in inventories
75,725
(87,168)
Increase (decrease) in accounts payable
Increase (decrease) in compensated absences
(58,598)
429
4,235
4,475
Increase (decrease) in retainage payable
Increase (decrease) in due to
'
other governmental units
- - - -- 2,944- ----
31,014-
Total adjustments
50,916
(21,060)
'
Net cash provided by operating activities
----- - - - - -- -----
-- $132,259-
- - - - --
--- $27,838-
' The notes to the financial statements are an integral part of this statement.
' 137
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138
INTERNAL SERVICE FUND
E
i
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(�
CITY OF COLUMBIA HEIGHTS
t
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MINNESOTA
i
I
Central Garage Fund -to account for the costs of
I
i
operating a maintenance facility for automotive
equipment used by other city departments. Such
costs are billed to other departments at actual
cost plus a fixed overhead factor. The automotive
equipment itself is acquired by the various user
departments which are responsible for financing
replacement vehicles as necessary.
i
I
i
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' CENTRAL GARAGE INTERNAL SERVICE FUND
COMPARATIVE BALANCE SHEETS
December 31, 1988 and 1987
ASSETS
Current assets:
Cash & investments
Inventories
Accounts receivable
Total current assets
' Fixed assets:
Buildings
Accumulated depreciation -- buildings
Improvements other than buildings
Accumulated depreciation -- improvements
other than buildings
Machinery & equipment
Accumulated depreciation -- machinery & equipment
' Office furniture & fixtures
Accumulated depreciation -- office
furniture & fixtures
�J
0
Fixed assets (net of accumulated depreciation)
Total assets
Liabilities and equity
Current liabilities:
Accounts payable
Compensated absences payable
Total current liabilities
Equity:
Contributed capital:
Municpal funds
Property owners
Total contributed capital:
Retained earnings:
Exhibit F -1
Form A -1
- -- 1988 1987
$98,116 $155,054
69,445 65,581
- 40
167,561 220,675
----- - - - - -- ----- - - - - --
81,877 25,027
(15,957) (11,121)
9,071 -
(5) -
78,974 77,097
(70,544) (63,907)
10,691 741
(733)
(717)
=374-
27,120
- - - -93
260,935
247,795
$24,932
$9,036
16,000
16,298
-----------
$40,932
----- - - - - --
- - --
$25,334
----- - - - - --
30,000
30,000
64,653
64,653
----- - - - - --
$94,653
----- - - - - --
----- - - - - --
$94,653
----- - - - - --
Unreserved 125,350 127,808
----- - - - - -- ----- - - - - --
Total retained earnings $125,350 $127,808
-- -
Total equity 220,003 222,461
Total liabilities and equity -- $260,935- $247,795
The notes to the financial statements are an integral part of this statement.
' 139
Exhibit F -2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE INTERNAL SERVICE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
For the fiscal years ended December 31,
1988 and 1987
1988
Operating revenues:
----- - - - - -- --
-1987
- - - - - --
Charges for sales and services:
Services to departments
80,861
94,513
Use of space
$75,980
$74,909
Total operating revenues
----- - - - - -- -----
156,841
- - - - --
169,422
Operating expenses:
Cost of services and space
139,120
149,344
Depreciation
11,494
Total operating expense
----------- -----
150,614
------
154,512
Operating income
----- - - - - -- -----
69227
- - - - --
14,910
Nonoperating revenues (expense):
- -
--
Interest income
12,476
8,355
Miscellaneous revenue
12,439
1,442
Miscellaneous expense
-
-
Transfers out
(33,600)
(8,580)
Total nonoperating revenues (expenses)
(8,685)
1,217
Net income
----- - - - - -- -----
(2,458)
- - - - --
16,127
Retained earnings, January 1
127,808
111,681
Retained earnings, December 31
----- - - - - -- -----
125,350
- - - - --
127,808
The notes to the financial statements are an integral
part of this statement.
u
1
140 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' CENTRAL GARAGE INTERNAL SERVICE FUND
COMPARATIVE STATEMENTS OF CHANGES IN FINANCIAL POSITION
For the fiscal years ended December 31, 1988 and 1987
Cash flows from operating activities:
' Cash recieved from customers
Cash paid to suppliers and employees
Interest received
Transfers in
Miscellaneous revenue
Transfers out
Net cash provided by operating activities
Cash flow from investing activities:
Purchases of fixed assets
Net cash used in investing activities
Exhibit F -3
1988 1987
----- - - - - -- ----- - - - - --
156,881
169,382
(127,386)
(143,314)
$12,476
$8,355
12,439
1,442
(33,600)
-----
(8,580)
- - - - --
20,810
----- - - - - --
----- - - - - --
27,285
----- - - - - --
77,748 4,038
----- - - - - -- ----- - - - - --
77,748 4,038
----- - - - - -- ----- - - - - --
Net increase (decrease) in cash
(56,938)
22,847
Cash, January 1
155,054
132,207
'
-----
Cash, December 31
-----
- - - - --
98,116
- - - - --
----- - - - - --
155,054
----- - - - - --
' RECONCILIATION OF NET INCOME TO NET
CASH
PROVIDED BY OPERATING ACTIVITIES
1988
1987
' - -----
Net Income
- - - - --
(2,458)
----- - - - - --
16,127
-----
Adjustments to reconcile net income to
- - - - --
----- - - - - --
net cash provided by operating activities:
'
Depreciation expense
$11,494
$4,768
(Increase) decrease in accounts receivable
40
(40)
(Increase) decrease in inventories
(3,864)
11,167
' Increase (decrease) in accounts payable
15,896
(9,094)
Increase (decrease) in compensated absences
(298)
3,957
Increase (decrease) in retainage payable
-
-
Increase (decrease) in due to
'
other governmental units
-
-
-----
Total adjustments
- - - - --
23,268
----- - - - - --
10,758
' -----
Net cash provided by operating activities
- - - - --
$20,810
----- - - - - --
$26,885
' The notes to the financial statements are an integral part of this
statement.
1 141
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142
n
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I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TRUST AND AGENCY FUNDS
COMBINING BALANCE SHEET
December 31, 1988
With Comparative Totals for December 31, 1987
---------------------------------------------------------------------------------------------------------
Totals
Expendable Agency ------------------ - - - - --
Trust Funds 1988 1987
----- - - - - -- ----- - - - - -- ----- - - - - -- - ---- - - - - --
Assets
Cash and investments
Payroll account
Prepaid insurance
Other assets
Total Assets
Liabilities and Fund Balances
-----------------------------
Liabilities:
Deposits
Accounts payable
Employee activities /vending
Other liabilities
Total Liabilities
Fund Balances:
Reserved
Total Liabilities and Fund Balances
$359,532
$51,013
$410,545
$181,315
-
1,000
1,000
10,845
-
10,845
11,921
-
$229,355
229,355
-
----- - - - - --
$370,377
----- - - - - --
$281,368
----- - - - - --
$651,745
----- - - - - --
$193,236
$ -
$245,772
$245,772
$ -
232
26,354
26,586
3,945
-
497
497
-
8745
8,745
- ---- - - - - --
232
----- - - - - --
----- - -- - --
281,368
----- - - - - --
-- --- - -- - --
281,600
----- - -- - --
----- - - - - --
3,945
----- - - - - --
370,145
-
370,145
189,291
$370,377
-----------
$281,368
----- - - - - --
$651,745
----- - - - - --
$193,236
----- - - - - --
143
Exhibit G -1
CITY OF COLUMBIA HEIGHTS,
MINNESOTA
Exhibit G -2
'
INSURANCE TRUST FUND
COMPARATIVE STATEMENT OF REVENUES,
EXPENDITURES
AND
CHANGES IN FUND BALANCE
Years Ended December 31,
1988 and 1987
'
--------------------------------------------------------------------------------------------
-----------
1988
1987
-- --
'
Revenues:
Interest on investments
$14,158
$ -
'
Total Revenues -
- -- 14,158
- - --
----- - - - - --
Expenditures:
Claims Administration
1,867
4,753
Claims
1,927
4,154
'
-----
Total Expenditures
- - - - --
3,794
----- - - - - --
8,907
'
Excess of Revenues over Expenditures
-----
10,364
- - - - --
(8,907)
----- - - - - --
Other Financing Sources (Uses):
'
Operating transfers in:
General Fund
162,000
175,000
Refunds and reimbursements
23,198
'
-
Total other financing sources (uses)
- -- -8,492
- - --
170,492
----- - - - - --
198,198
-----
- - - - --
----- - - - - --
'
Excess (deficiency) of revenues and, other
financing sources over (under) expenditures
and other financing uses
180,856
189,291
Fund Balances, January 1
189,291
-
'
-----
Fund Balances, December 31
- - - - --
----- - - - - --
$189,291-
-
_$370,147-
--
'
1
144
'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEFERRED COMPENSATION AGENCY FUND
STATEMENT OF CHANGES IN ASSET AND LIABILITY
Year Ended December 31, 1988
Exhibit G -3
----------------------------------------------------------------------------------------
Balance Balance
January 1 Additions Deletions December 31
----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - --
Assets
Other assets -
Deferred compensation $ -
Total Assets $ -
Liability
Deposits $ -
Total Liability $ -
145
$228,259
$228,259
$228,259
$228,259
$228,259
$228,259
$228,259
$228,259
Exhibit G -4
'
CITY OF
COLUMBIA HEIGHTS,
MINNESOTA
ESCROW AGENCY
FUND
STATEMENT OF CHANGES IN ASSET
AND LIABILITY
Year
Ended December
31, 1988
'
----------------------------------------------------------------------------------------
Balance
Balance
,
January 1
----- - - - - --
Additions
----- - - - - --
Deletions
----- - - - - --
December 31
----- - - - - --
'
Assets
'
Other assets -
/
Cash and investments
($97,416)
$4,273,678
$4,131,896
$44,366 ✓
Payroll account
82,089
2,394,697
2,475,786
1,000+✓
Accounts receivable
-
1,096✓
,
Total Assets
----- -_(80)
($15,407)
- - -- -1,176
-
$6,669,551
----- - - - - --
$6,607,682
- - - -- - - - --
$46,462
Liability
Accounts payable
($1)
$26,243
$ -
$26,242
Withholding payable
(43,000)
1,289,083
1,245,421
662
Payroll deductions payable
9,042
468,445
475,964
1,523
Union dues payable
245
19,644
19,864
25
'
Deposits
17,817
500
804
17,513
Employee activity
490
4,331
4,361
460
Vending machines
-
'
Total Liability
----- - - - - --
($15,407)
- - -- -1,498
- - --
$1,809,744
- - -- -1,461
- - --
$1,747,875
----- - - -37-
$46,462
146
,
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PERMIT SURCHARGE AGENCY FUND
STATEMENT OF CHANGES IN ASSET AND LIABILITY
Year Ended December 31, 1988
Exhibit G -5
----------------------------------------------------------------------------------------
Balance Balance
January 1 Additions Deletions December 31
----- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - - - --
Assets
Other assets -
Cash and investments $993
Total Assets $993
Liability
Accounts payable $ -
SAC /SUR charges payable 993
Total Liability $993
147
$46,424 , $40,770 $6,647 ✓
----- - - - - -- ----- - - - - -- ----- - - - - --
$46,424 $40,770 $6,647
$112 $ - $112
43,911 38,369 6,535
----- - - - - -- ----- - - - - -- ----- - - - - --
$44,023 $38,369 $6,647
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INTENTIONALLY
148
1
f
I
i
HOUSING AND
f
REDEVELOPMENT
AUTHORITY
CITY OF COLUMBIA HEIGHTS
!I
I
f
I MINNESOTA
i
l
j
i
►,
Created in 1969, the Authority assists the city
I
I
i
l
in identifying its needs in the areas of housing
and community development. A variety of programs
are offered to city residents by the Housing and
Redevelopment Authority, including senior citizen
housing; rental assistance program; and low
interest home improvement loan and grant program
and a single family mortgage program to low income
individuals or families.
II
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149
Exhibit H -1
HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1988
(With Comparative Totals for December 31, 1987)
-------------------------------------------------------------------------------------------------------------------------
TotaLs
Government Funds
Account
Groups
(Memorandum
Only)
-- ------------
-- -- --
---------- ---
General
----- - - -- --
General
------------------
- - -- --
Special
Fixed
Long Term
ASSETS
- - -- --
General
- -- ------
Revenue
- -- - -----
Assets
-- ---- - - ---
Debt
- -- -- --- - --
1988
---- - --- - --
1987
-- --- --- ---
Cash and investments
$325,207
$564,078
$ -
$ -
$889,285
$818,014
Unremitted taxes
259
-
-
-
259
3,318
Delinquent taxes receivable
2,149
-
-
-
2,149
4,127
Allowance for delinquent taxes
(2,149)
-
-
-
(2,149)
(4,127)
Accounts receivable
95
447
-
-
542
976
Interest receivable
2,968
6,585
-
-
9,553
1,872
Prepaid expense
3,058
-
-
3,058
1,278
Due from other governments
6,046
4,095
-
-
10,141
609,182
Due from other funds
203,025
51,027
-
-
254,052
52,368
Loans receivable
116,633
-
-
-
116,633
127,784
Prepaid insurance
-
-
-
-
-
3,262
Land
-
-
69,688
-
69,688
69,688
.Buildings and structures
-
-
2,270,643
-
2,270,643
2,265,373
Furniture and fixtures
-
-
280,329
-
280,329
274,665
Amount to be provided for Long -term debt
-
-
-
125,905
125,905
2,243,648
Amount to be provided for compensated absences
-
-
-
11,065
11,065
13,106
--- - - - - --
$654,233
--- - - - - --
$629,290
----- - - - - --
$2,620,660
----- - - - - --
$136,970
----- - - - - --
$4,041,153
----- - - - - --
$6,484,534
TotalAssets
= --------
---------
----- - - - - --
---- -------
- ---- - - - - --
----- - -- ---
The notes to the financial statements are an integral part of this statement
150
'
HOUSING AND
REDEVELOPMENT AUTHORITY
OF COLUMBIA
HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET
'
ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1988
(Continued)
(With Comparative Totals
for December 31, 1987)
-----------------------------------------------------------------------------------------------------------------------------
Totals
Government Funds
Account Groups
(Memorandum
Only)
--- -----------
- - - - --
-- --- ---------
General
- - - - --
General
------------------------
Special
Fixed
Long Term
'
LIABILITIES AND FUND EQUITY
-------------------- - - -- - --
General
--- - - - ---
Revenue
- -- - - - - --
Assets
--- -- - - - - -- --
Debt
--- - - - - --
1988
----- - - - - --
1987
--- -- -- - - --
'
Accounts payable
$4,893
$23,788
$ $
-
$28,681
$37,550
Security deposits
3,739
=
3,739
3,664
Insurance and taxes in escrow
234
-
-
-
234
1,409
Due to other governments
-
12,342
-
-
12,342
11,599
Due to other funds
25,671
228,381
-
-
254,052
52,368
Accrued interest payable
-
36,028
-
-
36,028
417,330
Other liabilities
-
-
-
-
-
3,112
Deferred revenue
-
-
91,750
'
Notes payable
=
_
=
125,905
125,905
2,243,648
Estimated Liability for compensated
absences -
-
-
11,065
11,065
13,106
'
Total Liabilities
--- - - - - --
30,798
--- -- - - --
304,278
----- - - - - -- -----
- -
- - - ---
- - - - --
-- 136,970
- --
----- - - - - --
472,046
- ---- - - - - --
----- - - - - --
2,875,536
----- - - - - --
Fund Equity:
-- -
--- - - - - --
-----
Investments in general fixed assets -
-
2,620,660
2,620,660
2,609,726
'
Reserved for community development 612,880
41,940
=
654,820
654,820
Reserved for future operations
-
-
-
-
-
105,906
Unreserved /undesignated
10,555
283,072
-
-
293,627
238,546
3,569,107
3,608,998
Total Fund Equity
623,435
325,012
2,620,660
-
----- - - - - --
'
Total Liabilities and Fund
--- - - - - --
Equity $654,233
--- - - -- --
$629,290
----- - - - - -- -----
$2,620,660
- - - - --
$136,970
----- - - - - --
$4,041,153
$6,484,534
'
The notes to the financial statements are an integral part of
this statement.
1
151
Exhibit H -2
HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For the FiscaL Year Ended December 31, 1987
-----------------------------------------------------------------------------------------------------------------------7-------
General
Fund
Special Revenue
Fund
---- -- -------------
---- -- --- -- -- ---------------------------------------
Variance
Variance
Favorable
Favorable
Budget
--- - - -
Actual
(Unfavorable
Budget
Actual
(Unfavorable)
Revenues:
- --
--- - - - - --
---- - - - - -- ----
- - - - --
----- - - - - --
------- - - - - --
Taxes
$36,381
$35,957
($424) $
-
$ -
$ -
Rents
-
-
-
177,400
180,470
3,070
Community development block grant
-
-
-
-
296,822
296,822
Housing and urban development
-
-
-
5,621
7,502
1,881
Project reimbursement
-
-
-
62,955
788,861
725,906
Interest
19,073
23,031
3,958
6,500
31,196
24,696
MetropoLitan Council
32,400
34,793
2,393
-
-
-
MisceLLaneous
6,061
3,682
(2,379)
1,800
7,696
5,896
Total Revenues
--- - - - - --
93,915
--- - - - - --
97,463
---- - - - - -- ----
3,548
- - - - --
254,276
----- - - - - --
1,312,547 .
------- - - - - --
1,058,271
Expenditures:
Administration
93,915
90,960
2,955
99,965
104,809
(4,844)
Utilities, maintenance and operations
-
-
-
177,030
147,147
29,883
Loans and grants
-
-
-
-
22,270
(22,270)
Property acquisition /improvements
-
3,164
(3,164)
-
687,291
(687,291)
Relocation assistance
-
-
-
-
82,547
(82,547)
Legal
-
969
(969)
-
35,313
(35,313)
Interest
-
-
-
-
137,137
(137,137)
Development costs
-
-
-
-
-
-
Miscellaneous
-
217
(217)
-
105,206
(105,206)
Total Expenditures
93,915
--- - - - ---
95,310
--- - - - - --
(1,395)
---- - - - - -- ----
276,995
- - - - --
1,321,720
----- - - - - --
(1,044,725)
------- -- - - --
Other Sources and Uses:
Settlement on consolidated
annual contributions contract - - - - (43,805) (43,805)
--- - -- - -- --- - - - - -- ---- - - - - -- ---- - - - - -- ----- - - - - -- ------- - - - - --
Excess (deficiency) of revenues and
other sources over (under)
expenditures and other uses - 2,153 2,153 (22,719) (52,978) (30,259)
Fund balances, January 1 -- 8,402- 8,402 - -- 377,990 377,990 -
-- -- - - - -- ---- - - ---- - ----- - - -- -- ------- - - - - --
Fund balances, December 31 $8,402 $10,555 $2,153 $355,271 $325,012 ($30,259)
The notes to the financial statements are an integral part of this statement.
152
-
--------------------------------------
Totals
'
(Memorandum Only)
--------------------------------------
Variance
Favorable
'
Budget
---- - - - - --
Actual
----- - - - - --
(Unfavorable)
- ---- -- - - - - --
$36,381
$35,957
($424)
177,400
180,470
3,070
-
296,822
296,822
5,621
7,502
1,881
'
62,955
788,861
725,906
25,573
54,227
28,654
32,400
34,793
2,393
'
11-378-
3
- - - -7 -861-
348,191
- - --
1,410,010
-517-
-------
1,061,819
---- - - -- --
----- - - - - --
------- - - - - --
193,880
195,769
(1,889)
177,030
147,147
29,883
'
22,270
(22,270)
=
690,455
(690,455)
-
82,547
(82,547)
36,282
(36,282)
'
=
137,137
(137,137)
-
105,423
(105,423)
'--
-- - - - - --
370,910
----- - - - - --
"1,417,030
-- ---- - - - - - --
(1,046,120)
---- - - - - --
----- - - - - --
--- ---- - - -- --
'
-
(43,805)
(43,805)
---- - - - - --
----- - - - - --
------- - - - - --
(22,719)
(50,825)
(28,106)
386,392
386,392
-
- --- - - - --
$363,673
----- - - - - --
$335,567
------- - - - - --
---- - - - - --
----------
----- - - - - --
----- - - - - --
($28,106)
------- - - - - --
------- - - - - --
0
'
153
HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING BALANCE SHEET
SPECIAL REVENUE FUNDS
December 31, 1988
(With Comparative Totals for December 31, 1987)
ASSETS
Cash and investments
Accounts receivable
Interest receivable
Due from other governments
Due from other funds
Prepaid expense
Total Assets
LIABILITIES AND FUND EQUITY
---------------------------
LiabiLities:
Accounts payable
Security deposits
Insurance and taxes in escrow
Due to other governments
Due to other funds
Accrued interest payable
Deferred revenues
Other liabilities
Total Liabilities
Fund Equity:
-------------------------------------------------------------
$9,251 $23,788
Anoka County
Totals
- 3,739
3,664
Community
(Memorandum Only)
Downtown
Low - Income
Development
---------------
- - - --
Development
Housing
BLock Grant
- 36,028
417,330
Fund
-- --- - - - - --
Fund
----- - - - - --
Fund
-- ---- - - - ---
1988
-- -- - - - --
1987
--- - - - - --
$422,612
$123,962
$17,504
8564,078
$328,100
50
397
-
447
469
5,999
586
-
6,585
953
4,095
-
-
4,095
586,914
25,682
-
25,345
51,027
49,854
-
3,058
-
3,058
3,262
----- - - - - --
$458,438
----- - - - - --
$128,003
--- --- - - - - --
$42,849
--- - - - - --
$629,290
-- - - - - - --
$969,552
$3,785 $10,752
$9,251 $23,788
$32,252
- 3,739
- 3,739
3,664
- -
- -
876
- 12,342
- 12,342
11,599
223,723 1,410
3,248 228,381
30,979
- 36,028
- 36,028
417,330
- -
- -
91,750
- -
- -
3,112
----- - - - - -- ----- - - - - -- ------
227,508 64,271
- ---- - - ---- ----- - - - - -- ------
- - - - -- --- - - - - --
12,499 304,278
- - - - -- -- --- - ---
-- - - - - - --
591,562
--- - - - - --
Reserved for Community Development
-
- 41,940
41,940
41,940
Reserved for future operations
-
- -
-
105,906
Unreserved
230,930
63,732 (11,590)
283,072
230,144
Total Fund Equity
----- - - - - --
230,930
--- -- - - - - -- ------ - - - - --
63,732 30,350
--- - - - - --
325,012
--- - - - - --
377,990
Total Liabilities and
-- --- - - - - -- -----
- - - - -- ------ - - - - --
-- - - - - - --
--- - - - - --
Fund Equity
$458,438
$128,003 $42,849
- - - - - --
$629,290
$969,552
--- - - - - --
The notes to the financial statements are
an integral part
of this statement.
E
154
Exhibit H -3
HOUSING AND REDEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
SPECIAL REVENUE FUNDS
For the fiscal Year Ended December 31, 1988
(With Comparative Totals for the Fiscal Year Ended December 31, 1987)
--------------------------------------------------------------------------------
$171,167
296,822
Anoka County
7,502
187,415
788,861
Community
31,196
Downtown
Low- Income
Development
----- - - - - --
1,312,547
----- - - - - --
Development
Housing
Block Grant
105,206
Fund
Fund
Fund
Revenues:
--- -- - - - - --
----- --- - --
----- - - - - - --
Rents
$ -
$180,470
$ -
Community Development Block Grant
178,090
-
118,732
Housing and urban developments
-
7,502
-
ObLigation bond proceeds
-
-
-
Grant draw downs
-
Project reimbursement
788,861
-
-
Interest
22,986
6,874
1,336
Miscellaneous
5,309
2,387
- --
-
------ - - - - --
TotaL Revenues
----- - - - - --
995,246
----- - - - - --
----- - - -
197,233
----- - - -- --
120,068
-- ---- - - - - --
Expenditures:
Administration
63,724
38,711
2,374
btiLitites, maintenance amd operations -
147,147
-
Loans and grants
-
-
22,270
Property acquisition /improvement
679,661
7,630
-
Relocation assistance
82,547
-
-
LegaL
35,313
-
-
PrincipaL reduction
-
-
'
Interest
-
137,137
-
DeveLopment costs
-
-
-
Miscellaneous
-
-
----- - - - ---
105,206
------ - - - - --
Total Expenditures
----- -- - - --
861,245
----- - - - - --
330,625
----- - - - - --
129,850
------ - - - ---
other Sources and Uses:
Settlement on consolidated
annual contribution contract
Excess (deficiency of revenues and
other sources over (under)
expenditures and other uses
Fund balances, January 1
Fund balances, December 31
Exhibit H -4
------------------ - - - - --
Totals
(Memorandum OnLy)
--- ----- ---------- - - - ---
1988 1987
$180,470
$171,167
296,822
106,677
7,502
187,415
788,861
1,055,146
31,196
11,483
7,696
8,198
----- - - - - --
1,312,547
----- - - - - --
----- - - - - --
1,540,086
----- - - - ---
104,809
98,777
147,147
127,137
22,270
18,107
687,291
890,945
82,547
84,600
35,313
38,125
137,137
154,452
-
20,190
105,206
85,965
1,321,720 1,518,298
-- -- - - - - -- ---- - - - - --
- (43,805)
----- - - - - -- ----- - - - - -- ------
- (43,805) -
- - - - -- ----- - - - - -- ----- - - - - --
134,001 (177,197)
(9,782) (52,978) 21,788
96,929 240,929
40,132 377,990 356,202
----- - - - - -- ----- - - - - --
----- - - - - -- ----- - - - - -- ------
$230,930 $63,732
- -- - --
$30,350 $325,012 $377,990
155
THIS
PAGE
LEFT
BLANK
INTENTIONALLY
156
a
GENERAL FIXED ASSETS
i►
I
I
f
GROUP OF ACCOUNTS
1
I
!1 i
i
CITY OF COLUMBIA HEIGHTS
j
'r
i!
MINNESOTA
I'
General fixed assets are those fixed assets and
c
capital additions of the city which are not
accounted for in proprietary funds.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS
BY SOURCE
December 31, 1988 and 1987
General Fixed Assets:
Land
Buildings
Improvements other than buildings
Office furniture and equipment
Machinery and equipment
Construction in Process
Total General Fixed Assets
Investment in General Fixed Assets By Source:
General obligation bonds:
Library bonds of 1966
Municipal building bonds of 1959
Park bonds of 1962
City garage bonds of 1972
Capital improvement bonds of 1976
Total General Obligation Bonds
Grants:
Federal E.D.A. and H.U.D.
State
Total Grants
Revenue Sharing:
Federal
Anoka County
Total Revenue Sharing
Balance from current revenues and contributions
Total Investments in General Fixed Assets
157
1988
$3,028,500
2,871,588
737,148
1,030,295
1,796,285
1,051,664
$10,515,480
$90,000
150,000
325,000
510,000
929,475
$2,004,475
$526,290
267,203
$793,493
$1,761,317
51,550
$1,812,867
$5,904,645
$10,515,480
Exhibit I -1
1987
$3,028,500
2,794,279
732,945
873,324
1,624,114
$9,053,162
$90,000
150,000
325,000
510,000
929,475
$2,004,475
$526,290
267,203
$793,493
$1,680,577
51,550
$1,732,127
$4,523,067
$9,053,162
F�
THIS
PAGE
LEFT
BLANK
INTENTIONALLY
158
C!
I I
1
GENERAL LONG -TERM OEET
I
GROUP OF ACCOUNTS
CITY OF COLUMBIA HEIGHTS
i
it
MINNESOTA
�
f
I
f
I
This self balancing account group is used to
'
account for all long -term debt which is backed
by the full faith and credit of the city and
other long -term debt which is secured by general
fund revenues.
I
Exhibit J -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1988
--------------------------------------------------------------------------------------------
AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE
PAYMENT OF GENERAL LONG -TERM DEBT
Amount available in debt service funds
Amount to be provided for retirement of:
Long Term Debt
Vacation and Sick Leave Payable
GENERAL LONG -TERM DEBT PAYABLE
General obligation bonds payable
Vacation and sick leave payable
159
$12,999,367
9,485,633
282,236
$22,767,236
$22,485,000
282,236
$22,767,236
Exhibit J -2
'CITY
OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FUNDING AVAILABLE
AND FUNDS REQUIRED
December 31, 1988
'
--------------------------------------------------------------------------------------------
Total
'
Cash and Investments
---- - - --
$4,137,576
Cash in Escrow
8,863,500
Receivables
1_157,302-
'
Total
- --
$14,158,378
Deferred Tax Levies
-------- - - - - --
'
Levy /Payable
Years:
1988/89
2,394,280
1989/90
1990/91
2,406,398
2,084,904
'
1991/92
1,937,820
1992/93
1,920,540
1993/94
1,895,913
1994/95
1,813,080
'
1995/96
1,502,058
1996/97
1,435,545
1997/98
1,209,865
'
1998/99
1,112,305
1999/00
1,015,975
2000/01
925,750
2001/02
254,188
'
Total
$21,908,621
FUNDING AVAILABLE
$36,066,999
'
Bonds /Future Interest
Payable
,
Bonds
$22,485,000
Future Interest
8,148,621
,
FUNDS REQUIRED
$30,633,621-
,
BALANCE
-
$5,433,378
160
'
Exhibit J -3
tCITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY
' December 31, 1988
--------------------------------------------------------------------------------------------
General
'
Obligation
-Bonds
--- - - - - --
Principal
---------------
Interest
1989
------- - - - - --
715,000
------- - - - - --
1,679,280
1990
7,705,000
1,626,398
/3 3 31 q�
' 1991
2,895,000
989,904
90 5, 5,4
1992
1,180,000
757,820
- 2,i3oo
'
1993
1,245,000
675,540
�, ?0 123 a
' 1994
1,310,000
585,913
59a;0 /9
1995
1,320,000
493,080
L4ga1 /(o
' 1996
1,095,000
407,058
`16 2,
1997
1,110, 000
325,545
3aL4 g 9 S
' 1998
960,000
249,865
t/1
1999
930,000
182,305
✓
' 2000
900,000
115,975
' 2001
875,000
50,750
2002
245,000
9,188
'
- $22,485,000-
-- $8,148,621-
k
161
I
rI
THIS
'
PAGE
LEFT
'
BLANK
'
INTENTIONALLY
I
u
n
n
162 11
i
STATISTICAL SECTION
i
i
CITY OF COLUMBIA HEIGHTS
j
i
,
i
I
I
i MINNESOTA
THIS
PAGE
LEFT
BLANK
INTENTIONALLY
163
Population
Real Property
Assessed VaLue
* Tax Capacity
Area -wide alloc.
Contribution
Distribution
Market VaLue
Personal Property
Assessed Value
Tax Capacity
Market - commercial
Total Real and Per -
-------------------
sonal Property
-------- - - - - --
Assessed Value
Tax Capacity
Market Value
Ratio of Total Assess-
ed Value to Total
--------------- --
Market Value
Ratio of Total Tax
Capacity to Total
--------------- - --
Market Value
Per Capita Valuations
--------------- - - - ---
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUE AND MARKET VALUE
OF ALL TAXABLE PROPERTY
Levy Years 1979 Through 1988
1979 1980 1981
------- - - - --- ------- - - - - -- ----- -- - - - - --
21,270 20,029 19,800
------- - - - - -- --- ---- - - - - -- ------- - - - - --
$73,741,181 $85,721,087 $96,391,052
--- ---- - - - - --
(1,840,970)
---- --- - -- - --
(2,000,000)
----- -- -- -- --
(3,908,286)
4,062,894
4,383,409
8,183,307
-- ----- - - - - --
355,767,800
------ - - --- --
399,395,650
------- ------
430,688,578
- - - - --
--- ---- - -- ---
1,218,792
--- ---- - - - - --
1,295,504
-- -----
1,344,094
--- --- - - - - - --
2,834,400
------- - - - - --
----- -- - - -- --
3,012,800
------- - - - - --
------- - - ----
3,125,800
------- - - - - --
Table I
1982 1983
---- --- - - - - -- - ------ - - - - --
19,670 19,560
------- - - - - -- -- ----- - - - ---
$104,783,933 $105,913,390
-- --- -- - - - - -- ------- - - - - --
(4,487,006) (5,178,793)
10,544,639 12,001,080
--- ---- - - - - -- - ------ - - - - --
445,177,400 455,177,400
---- --- - -- - -- ------ --- - - --
1,333,301 1,426,869
-- ----- - - - - -- -- ----- - - - - --
3,100,700 3,318,300
------- - - - - -- --- ---- - - - - --
77,181,897
89,400,000
102,010,167
112,174,867
114,162,546
291,248,700
358,780,600
402,521,450
433,789,278
448,495,700
:2650 :2492 :2534 :2586 :2545
Assessed VaLue 3,629 4,563 5,152
Market Value 13,693 17,913 20,329
------- - - - - -- ------- - - - - -- ------- - - - - --
* Beginning with payable 1989, mill rates and assessed values are replaced
.by tax capacity rates and tax capacity.
164
5,702 5,837
22,053 22,929
------- - - - - -- ------- - - - - --
1984
1985
1986
1987
1988
------- - - - - -- -------
19,530
------- - - - - -- ------
- - - - -- -------
19,540
- - - - - -- -------
- - -- -- ------
19,426
- - - - -- ----
- - - - -- -------
19,430
-- - - - - - -- -------
- - - - --
19,170
- - - - --
$108,671,288 $113,721,411 $114,767,361 $116,314,660
119,107,884 125,079,734 126,187,395 130,685,327
14,741,450
465,201,300 1,480,283,100 488,288,500 511,612,400 526,020,700
2560 :2604 :2584 :2554
:02802
6,099 6,398 6,496 6,726
769
------- - - - - -- ------- - - - - -- ------- - - - - -- ------- - - - - -- ------- - - - - --
------------- ------- - - - - -- - ------ - - - - -- ------- - - - - -- ------- - - - - --
23,820 24,579 25,136 26,331 27,440
------- - - - - -- ----- -- - - - - -- ------- - - - --- ------- - - - - -- --- ---- - - - - --
165
$14,532,465
------- - - - - --
(4,695,234)
------- - - - - --
(4,407,361)
------- - - - - --
(5,778,163)
-- ----- - - - - --
(5,180,460)
------- - - - - --
(725,395)
13,663,552
14,264,696
15,650,911
17,871,259
2,478,750
------- - - - - --
462,786,700
------- - - - - --
476,771,500
------- - - - - --
484,669,200
------- - - - - --
507,684,800
------- - - - - --
522,002,900
------- - - - ---
1,426,869
------- - - -- --
1,500,988
------- - - - - --
1,547,299
--- ---- -- - - --
1,679,868
------- - - - - --
208,985
------- - - - - --
3,414,600
------- - - -- --
---- --- - - - - --
3,511,600
------- - -- - --
-- ----- - - - - --
3,619,300
---- --- - - - - --
-- ----- -- - - --
3,927,600
------- - - - - --
------- - - - - --
4,017,800
------- - - - - --
119,107,884 125,079,734 126,187,395 130,685,327
14,741,450
465,201,300 1,480,283,100 488,288,500 511,612,400 526,020,700
2560 :2604 :2584 :2554
:02802
6,099 6,398 6,496 6,726
769
------- - - - - -- ------- - - - - -- ------- - - - - -- ------- - - - - -- ------- - - - - --
------------- ------- - - - - -- - ------ - - - - -- ------- - - - - -- ------- - - - - --
23,820 24,579 25,136 26,331 27,440
------- - - - - -- ----- -- - - - - -- ------- - - - --- ------- - - - - -- --- ---- - - - - --
165
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX RATES
Years 1979 Through 1988
Tab Le II
Fiscal
Year City SchooL County Metro Other(A) TotaL
- -- - - - - -- --- - - -- -- --- - - - - -- --- - - - - -- -- - - - - --- --- -- - --- --- -- - - --
1979
21.847
45.036
21.913
2.913
0.923
92.632
1980
21.101
46.727
23.349
2.990
0.839
95.006
1981
18.153
41.483
25.005
3.832
0.771
89.244
1.982
17.303
48.266
24.085
3.556
0.747
93.957
1983
15.438
50.156
24.492
3.877
0.576
94.539
1984
16.610
56.227
26.088
4.197
0.944
104.066
1985
16.300
50.487
23.868
4.250
1.048
95.953
1986
16.420
53.797
25.537
3.574
1.330
100.658
1987
19.472
63.234
29.414
4.223
1.136
117.479
1988
20.083
60.733
30.766
4.314
0.992
116.888
(A) Rice Creek Watershed, Mosquito Control and L/3 miLL for the Housing
and Redevelopment Authority
166
Table III
167
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY TAX
LEVY
Years 1979 Through 1988
City
Bonds
Fiscal
Levy
General
Police
Fire
and
Year
--- - - - - --
TotaL
--- - - - - - --
Fund
---- - -- ---
Relief
--- - - -- --
Relief
- -- - - -- --
Interest
--- - - -- --
1979
1,631,608
1,261,108
78,500
47,000
245,000
1980
1,631,608
1,151,808
104,000
85,800
290,000
1981
1,631,608
1,245,108
64,500
47,000
275,000
1982
1,759,284
1,356,029
125,305
57,950
220,000
1983
1,740,623
1,453,033
92,155
55,435
140,000
1984
1,757,487
1,617,500
77,313
62,673
1985
1,825,192
1,662,532
79,700
82,960
1986
1,888,616
1,725,956
79,700
82,960
1987
2,181,115
2,008,455
89,700
82,960
1988
2,391,689
2,258,872
65,242
67,575
167
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX LEVIES AND TAX COLLECTIONS
Years 1979 Through 1988
SPECIAL ASSESSMENT COLLECTIONS
.Years 1978 Through 1987
Current SpeciaL
Collections
Percentage
Collection
Current Special
Period
--- - - - - --
of Current
of Levy
of Prior
107,635
68,029
Years Taxes
Collected
Year's Taxes
Year
Total Tax
During Fiscal
During FiscaL
During Fiscal
ColLected
Levy*
Period
Period
Year
1979
L,253,698
L,236,676
98.6
20,648
1980
L,L50,273
L,L22,L6L
97.6
21,268
1981
L,090,455
L,074,L34
98.5
39,938
1982
L,262,780
L,236,497
97.9
19,120
1983
L,249,602
L,208,840
97.4
26,702
1984
L,285,324
L,253,908
97.6
20,640
1985
1,286,626
1,256,387
97.6
25,184
1986
1,388,616
1,357,255
97.7
15,494
1987
1,621,193
1,577,599
97.3
41,633
1988
* Tax Levy
has been adjusted by
the Homestead
Credit (Property tax
replacement)
which is
a revenue from other
agencies and
has been incorporated
into TabLe VI.
SPECIAL ASSESSMENT COLLECTIONS
.Years 1978 Through 1987
168
Total
Collection
1,257,324
1,143,429
1,114,072
1,255,617
1,235,542
1,274,548
1,281,571
1,372,749
1,619,232
Percentage of
Current Collected
During fiscal
Period
--------------- - - - --
63.2%
69.0 %.
54.4%
54.0%
49.5%
52.7%
62.3%
53.6%
55.2%
66.7%
Table IV
Table V
Current SpeciaL
Fiscal
Assessment Becoming Due
Current Special
Period
--- - - - - --
During fiscal Period
------- -- ------------- - - - - --
Assessments ColLected
---------------- - - - ---
1978
107,635
68,029
1979
160,087
110,534
1980
129,773
70,627
1981
190,708
102,985
1982
217,927
107,932
1983
285,780
150,561
1984
299,748
186,870
1985
236,686
126,759
1986
179,812
99,342
1987
165,293
110,318
168
Total
Collection
1,257,324
1,143,429
1,114,072
1,255,617
1,235,542
1,274,548
1,281,571
1,372,749
1,619,232
Percentage of
Current Collected
During fiscal
Period
--------------- - - - --
63.2%
69.0 %.
54.4%
54.0%
49.5%
52.7%
62.3%
53.6%
55.2%
66.7%
Table IV
Table V
169
Ratio
'
AccumuLated
Ratio
Delinquent
of Total
Accumulated
Taxes to
'
CoLLections
Delinquent
Current Year
To Tax Levy
-- -- ---
Taxes
--- -- - ---
Tax Levy
--- - - - - --
''
1.0029:1
31,977
.0255:1
.9940:1
18,864
OL63:1
1.0217:1
25,547
.0234:1
.9943:1
12,888
.0102:1
'
.9959:1
49,644
.0400:1
.9916:1
36,290
.02823:1
.9961:1
51,764
.04023:1
.9886:1
53,140
.03827:1
1
.9988:1
55,101
.03400:1
1
Delinquent Specials
TotaL Special
Deferred
SpeciaL Assessments
During
Assessments Delinquent
Collected Balance Fu
'Collected
Fiscal Period
- ----- -- - - ----
(A) At
-----
End of Fiscal Period
--------- --- - - - - --
Fiscal
----------------------------
Period of Fiscal
' 46,218
66,142
155,037
436,962
43,693
71,605
78,080
411,494
41,215
87,512
136,281
602,047
70,016
111,314
287,194
509,999
'
94,298
94,702
301,367
1,335,493
130,298
152,744
313,682
1,048,215
119,372
154,154
236,474
857,906
' 140,515
132,031
92,257
640,691
118,938
110,886
223,656
697,945
86,741
108329
236,510
616,994
' (A) The
City bills the
property owner directly
when a special
assessment
installment becomes
due. If the installment becomes delinquent,
it is cer
to the county for inclusion
on the following years property tax statement
' is shown as a delinquent coLLection.
I
169
Table VI
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1979 Through 1988
Fiscal
General
REVENUES -OTHER THAN PROPERTY TAXES
Year
- - -- - --
Government
-- ---- -- - - - - --
Safety
-- -- - - - - --
1979
AND SPECIAL
ASSESSMENTS
1980
516,593
1,315,826
1981
538,618
Years 1979 Through 1988
1982
536,804
1,454,404
1983
548,977
1,537,897
Charges for
Licenses
1,654,871
1985
FiscaL
Revenues from
Use of Money
Service and
and
Fines and
Profits of
Year
- - - - - --
Other Agencies
---- ---- - - - ---
and Property
---- -- ----
Other Revenue
- -- ---- -- - ---
Permits
------ - -- --
Forfeitures
----- -- - - --
Proprietaries
-- ---- - - -----
1979
2,096,084
179,135
369,891
78,164
49,067
32,521
1980
2,272,119
474,873
419,930
68,710
72,274
106,845
1981
2,857,636
966,078
997,236
104,027
67,301
835,981
1982
2,310,131
545,881
1,248,375
148,773
47,073
444,962
1983
2,990,623
530,037
1,009,358
156,410
51,870
693,691
1984
2,470,131
602,397
802,756
215,942
51,009
694,436
1985
2,625,357
645,183
637,192
139,470
104,741
675,137
1986
2,683,485
616,933
606,552
187,809
108,158
811,352
1987
2,897,602
814,115
497,761
131,351
123,814
900,529
1988
3,399,195
812,712
516,017
163,384
112,254
468,889
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1979 Through 1988
Fiscal
General
Public
Year
- - -- - --
Government
-- ---- -- - - - - --
Safety
-- -- - - - - --
1979
460,152
1,160,243
1980
516,593
1,315,826
1981
538,618
1,380,692
1982
536,804
1,454,404
1983
548,977
1,537,897
1984
563,717
1,654,871
1985
832,847
1,776,721
1986
854,583
1,751,950
1987
919,991
1,915,895
1988
1,034,970
2,218,196
Table VII
Highways
(B)
and
Sani-
Parks and
Streets
------ - --- - --
tation
----- - - - - --
Library
----- - - ----
Recreation
--- --- - -- - --
515,417
255,693
143,018
547,525
566,643
268,793
163,801
622,154
576,754
336,997
188,440
652,611
581,121
403,670
188,343
634,395
561,632
430,126
265,803
625,030
645,265
450,010
212,379
753,430
702,942
4,097
221,532
790,446
629,481
4,932
263,358
866,682
704,081
8,950
261,583
1,001,069
988,421
90,760
353,241
1,208,531
(B) The Years L979 -L984 include Refuse Collection and Disposal
170
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF INSURANCE IN FORCE
December 31, 1988
Type of Coverage
The City maintains self - insurance coverage for general Liability and auto.
0
171
Table VIII
Period
Period
Building
from
to
or Structure
Contents
- - - - --
2\13\88
- - - - --
2 \13 \89
--- ---- - - - - --
-- - - - - --
(80% Coinsurance - 51,000 Deductible)
City HaLL
$2,331,586
$551,982
Library
1,007,000
1,302,530
City Garage
1,826,321
140,792
Liquor Store -40th Ave.
109,578
90,322
Liquor Store- University Ave.
169,324
112,662
Liquor Store - Central Ave.
630,178
Community Center
2,500,000
500,000
Sullivan Park
108,129
392,478
Water Tower
346,649
Parking Ramp
1,300,000
---- - - - - --
$9,698,587
--- - - - - --
$3,720,944
Workers Compensation
2 \13 \88
2 \13 \89
Statutory
The City maintains self - insurance coverage for general Liability and auto.
0
171
Table VIII
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1988
Interest
Rates and Issue Maturity
Dates Date Date
-- -- ---- - -- - -- --- - - - - -- --- - - - - --
PERMANENT IMPROVEMENT BONDS:
GeneraL Obligation Refunding Improvement Bonds 1987
ALL Bonds maturing on or after March 1, 1992, 5.25% 2 \1
shall be subject to redemption and prior payment 5.50%
in whole or inpart in inverse order of maturity 5.75%
and by Lot within maturity at the option of 6.00%
the issue on March 1, 1991, and any interest 6.20%
payment date thereafter at a price of the 6.40 %
principle amount thereof plus accrued interest. 6.60%
Total Permanent Improvement Bonds
172
6 \1 \87 3 \1 \95
N
Table IX
Annual Interest
OrginaL SeriaL Balance Balance Paid in
Issue Payments 1 -1 -88 Sold Retired 12 -31 -88 Cur.Year
------- - - - - -- ---- - - - - -- - ---- - - - - -- ----- - - - - -- ----- - - - - -- ----- - - -- -- --- - - - - --
$2,230,000 $2,230,000 $245,000 $1,985,000 $125,003
260,000 (89)
265,000 (90)
275,000 (91)
275,000 (92)
280,000 (93)
300,000 (94)
330,000 (95)
----- - - - - -- ----- - - - - -- ----- - -- - -- ----- - - - - -- --- - - - - --
$2,230,000 $245,000 $1,985,000 $125,003
173
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'
COMBINING SCHEDULE OF BONDS PAYABLE
(Continued)
December 31, 1988
,
Interest
Rates and Issue
Maturity
- - -- Dates- Date
- - -- -- -- - -- --
Date
-- - - - - - --
'
Tax Increment Bonds of 1980
9 \1 \80
3 \1 \02
Bonds maturing in 1991 and later
8.00% 3/1 -9/1
'
years will be subject to redemption
8.00%
and prepayment at the option of the
8.00%
city in inverse order of serial
8.00%
'
numbers on March 1, 1990
8.00%
8.00%
8.00%
8.10%
,
8.25%
8.40%
8.50%
'
8.60%
8.75%
8.75%
'
Tax - Increment - Bonds -of -1984
6/1/84
3/1/94
'
Bonds maturing on or after March 1, 1992 will
8.25% 3/1 -9/1
be subject to redemption and prepayment at
8.50%
'
the option of the City in inverse order,
8.75%
on March 1, 1991 and any interest payment
9.00%
date thereafter at 100% of their
9.20%
principal plus accrued interest.
9.40%
'
1
174
,
Table IX
Annual Interest
Orginal SeriaL Balance Balance Paid in
Issue Payments 1 -1 -88 Sold Retired 12 -31 -88 Cur.Year
----- - - - - -- --- - - - - -- ----- -- - - -- --- - - - - -- --- - - - - -- ----- - - - - -- --- - - - - --
$8,175,000 $7,825,000 $ - 8250,000 $7,575,000 $634,950
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)
81,070,ODD 8885,000 8 - 8100,000 8785,000 873,905
105,000 (89)
115,000 (90)
125,000 (91)
135,000 (92)
145,000 (93)
160,000 (94)
175
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE (Continued)
December 31, 1988
GO TI Refunding Bonds of 1987,Series A 6/1/87 3/1/02
--------------------------------- - - - - --
Bonds maturing on or after March 1, 1995 shall 5.75%
be subject to redemption and prior payment 6.00%
in whole or in part in inverse order of maturity 6.20%
at the option of the issuer on March 1, 1994 6.40%
and any interest payment date thereafter at 6.60%
a price of the principal amount thereof plus 6.80%
accrued interest. 7.00%
7.10%
7.20%
7.30%
7.40%
7.50%
176
Interest
Rates and Issue Maturity
Dates Date Date
-------- - - - - -- --- - - - - -- --- - - -- --
Tax Increment Bonds of 1985
---------------------------
9/1/85 3/1/02
Bonds maturing on or after March 1, 1992
7.00%
will be subject to redemption and pre-
7.20%
payment at the option of the Issuer -in
7.40%
inverse order of serial numbers, on
7.60%
March 1, 1991 and any interest payment date
7.80%
thereafter at a price equal to par plus
8.00%
accrued interest to the date of
8.20%
redemption.
8.40%
8.60%
8.80%
9.00%
9.00%
9.00%
9.00%
GO TI Refunding Bonds of 1987,Series A 6/1/87 3/1/02
--------------------------------- - - - - --
Bonds maturing on or after March 1, 1995 shall 5.75%
be subject to redemption and prior payment 6.00%
in whole or in part in inverse order of maturity 6.20%
at the option of the issuer on March 1, 1994 6.40%
and any interest payment date thereafter at 6.60%
a price of the principal amount thereof plus 6.80%
accrued interest. 7.00%
7.10%
7.20%
7.30%
7.40%
7.50%
176
Table IX
Annual Interest
OrginaL Serial Balance Balance Paid in
Issue Payments 1 -1 -88 Sold Retired 12 -31 -88 Curr.Yr.
-- ---- - ---- --- - ----- ------ - ----- ----- - - - --- - ---- - - - - -- - ----- - -- --- ----- - - - - --
52,100,000 $2,000,000 - $50,000 $1,950,000 $172,690
$9,090,000
50,000 (89)
50,000 (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)
240,000 (01)
250,000 (02)
525,000 (91)
640,000 (92)
680,000 (93)
695,000 (94)
820,000 (95)
910,000 (96)
910,000 (97)
960,000 (98)
930,000 (99)
900,000 (00)
875,000 (01)
245,000 (02)
$9,090,000 - $9,090,000 $4,859
177
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE (Continued)
December 31, 1988
Go Taxable TI Bonds of 1987
--------------------- - - - - --
All Bonds maturing on or after February 1,
1994, shall be subject to redemption and
prior payment in whole or in part in inverse
order of maturity and by lot within maturity
at the option of the issuer on February 1,
1993, and any interest payment date thereafter
at a price of par plus accrued interest.
Total General Obligation Bonds
Total Bonds Payable - All Funds
Interest
Rates and Issue Maturity
Dates Date Date
--- ----- ---- -- - -- --- --- --- --- --
8\1\87 2 \1 \97
8.40% 2 \1
8.60%
8.75%
8.90%
9.00%
9.10%
9.10
178
Table IX
Annual Interest
Original SeriaL Balance Balance Paid in
Issue Payments 1 -1 -88 Sold Retired 12 -31 -88 Curr. Ir.
----- - - - - -- --- - - - - -- ------ - - - - -- ------ - - - - -- ----- - - - - -- ------ - - - - -- ----- - - - - --
$1,100,000 $1,100,000 - $1,100,000 $97,640
120,000 (91)
130,000 (92)
140,000 (93)
155,000 (94)
170,000 (95)
185,000 (96)
200,000 (97)
------ - - - - -- ------
520,900,000
-- ---- - - - - -- ------
- - - - -- ----- - - - - --
$400,000
------ - - - - --
$20,500,000
----- - - - - --
$980,919
-
$23,130,000
- - - -- ----- - - - - --
$645,000
------ - - - - --
$22,485,000
-- --- - - - - --
$1,105,922
179
Table X
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
Year Ended December 31, 1988
Name
- - --
Official Title
-------- - - - - --
Mayor and Council:
Dale V. Hadtrath
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
Phil Suckerman
Liquor Operations Manager
Ronald Kalina
City Attorney
Fred Salsbury
Public Works /Director /City Engineer
Stuart Anderson
Chief of Police
Charles Kewatt
Chief of Fire
LeRoy Goranson
Building Inspector
Martin Gavic
Plumbing Inspector
Dennis Joriman
Electrical Inspector
Donald Jolly
Superintendent of Public Works
John Tiggas
Recreation and Community Services
Director
Rebecca Loader
Librarian
.R
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICAL FACTS
1988
Date of Incorporation
Date of Adoption of City Charter
Form of Government
Fiscal Year Begins
Area of City
Miles of Streets and Alleys:
Trunk Highways
County
City Streets
Alleys
Miles of Sewers:
Storm Sewers
Sanitary Sewers
Watermain Miles
Building Permits:
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
Estimated Cost:
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
181
Table XI
March 14, 1898
July 21, 1921
Council- Manager
January 1
3.52 Square Miles
3.0
6.2
61.8
18.9
33.6
59.0
66.1
663
555
644
519
540
525
508
513
577
548
3,316,115
3,264,460
8,822,479
13,757,934
7,829,198
12,059,779
4,938,226
13,269,300
4,215,085
8,916,756
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE XI
MISCELLANEOUS STATISTICAL FACTS (Continued)
Fire Protection:
Number of Stations
1
Number of Employees:
Full Time
8
Volunteer
25
Police Protection:
Number of Stations
1
Number of Employees
25
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, 1988)
Regular
101
Part Time and Temporary
427
528
Elections:
Registered voters - last city general election
12,961
Number of votes cast last city general election
10,478
Percentage of registered voters voting
80.8X
Population:
1900
123
1920
2,968
1930
5,613
1940
6 -035
1950
8,175
1960
17,533
1970
23,997
1975 (mid- decade census)
23,316
1980 (census)
20,029
1981
19,800
1982
19,670
1983
19,560
1984
19,530
1985
19,540
1986
19,426
1987
19,430
1988
19,170
182
J
i
f
E
f
I�
SUPPLEMENTAL INFORMATION
CITY OF COLUMBIA HEIGHTS
MINNESOTA
l
�
f
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS
FOR HOUSING AND REDEVELOPMENT AUTHORITY TAX INCREMENT FINANCING DISTRICTS
December 31, 1988
' Sources of Funds:
Bond proceeds
' Tax increments received
Interest on invested funds
ReaL estate sales
EDA grant
Revenue sharing
Land sale
Other
(Total Sources of Funds
Uses of Funds:
Land acquisition
Site improvements or
preparation costs
Installation of public
utilities and improvements
Other public improvements
' Bond payments:
Principal
Interest
Administration costs
Other
Total Uses of Funds
'Funds remaining or
(deficient)
------------------------------------------------------------------------
Accounted
Original
Amended
for in
Current
Amount
Budget
------ - - - - --
Budget
------ - - - - --
Prior Year
-- ---- - -- - --
Year
------ - - - - --
Remaining
------ - - - - --
$8,175,000
$12,895,000
$12,895,000
$ -
$ -
-
-
4,015,108
1,277,309
(5,292,417)
-
-
502,360
118,920
(621,280)
702,630
753,630
1,143,630
154,836
(544,836)
1,415,000
1,415,000
1,482,000
-
(67,000)
-
60,000
-
-
60,000
-
7,000
21,545
-
(14,545)
-
340,000
340,000
186,103
(186,103)
10,292,630
------ - - - - --
15,470,630
------ - - - - --
20,399,643
------ - - - - --
1,737,168
------ - - - - --
(6,666,181)
------ - - - - --
4,800,000
7,034,000
6,742,936
614,806
(323,742)
100,000
465,000
139,940
24,951
300,109
325,000
365,000
424,782
22,514
(82,296)
2,500,000
4,250,000
3,481,819
4,545
763,636
8,175,000
12,895,000
1,085,000
400,000
11,410,000
10,031,325
14,818,403
5,447,012
880,919
8,490,472
566,000
1,008,500
1,228,196
61,206
(280,902)
1,299,000
1,756,500
861,259
131,073
764,168
------ - - - - --
27,796,325
------ - - - - --
42,592,403
----- - - - - - --
19,410,944
------ - - - - --
2,140,014
------ - - - - --
21,041,445
(17,503,695)
(27,121,773)
1
988,699
(402,846)
(27,707,626)
183
Exhibit K -1
Note (1) Sources of funds
ReaL Estate Land Sales
Land Sale
Total
Property
Amount
Date
Cost
-----------------------------------------------------------------------------------------------------
CoLumbia Heights Office Plaza
$133,500
10/81
Evenson Properties
LaBelle Park Condo #1
137,464
10/81
The Gaughan Companies
Columbia Heights MaLL
138,167
02/82
Evenson Properties
LaBelle Park Condo #2
168,498
03/82
The Gaughan Companies
LaBelle Park Condo #3
126,000
09/82
The Gaughan Companies
University Heights Housing
1
09/84
Columbia Park Medical Clinic
20,000
11/85
306,041
Columbia Park Properties
Sullivan Lake Housing
420,000
11/87
Subtotal
1,143,630
5,770,249
Columbia Square
146,459
08/88
Northeast Partners
Total
1,290,089
5,770,249
Note (2)
Tax exempt obligation issued on
behalf of private entities
Development
Amount
Issue Type
---------------------------------------------------------------------------------------------------------------
CoLumbia Heights office Plaza
$6,000,000
Commercial Redevelopment
Evenson Properties
Revenue Bonds Series 1981
Columbia Heights MaLL
4,000,000
Commercial Redevelopment
Evenson Properties
Revenue Bonds Series 1981
4111 Building South
775,000
Commercial Redevelopment
RuveLson and Associates
Revenue Bonds Series 1981
LaBeLLe Park Condominiums
9,000,000
Commercial Redevelopment
The Gaughan Companies
Revenue Bonds Series 1980
Columbia Park Medical Clinic
5,000,000
Commercial Redevelopment
Columbia Park Properties
Revenue Bonds Series 1985
184
Exhibit K -2
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FEDERAL FUNDING
For the Fiscal Year Ended December 31, 1988
----------------------------------------------------------------------------------
' C.F.D.A. Total Total
Program Number Revenues Expense
' Metropolitan Council
Senior Citizens TitLe III -B
' HOUSING AND REDEVELOPMENT AUTHORITY
-----------------------------------
Low Income Housing Assistance
Program MN 105001
' Community Development Block Grants -
Subgrantee of Anoka County
' Metropolitan Council
Section 8 Housing Assistance
' Payments Program for Administrative
Services
Balance
$46,244 $63,149 $ -
14.156 7,502 7,502 -
14.219 296,822 214,158 82,664
34,793 34,793
185
Exhibit L -1
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hxnibit L -L
BERGREN, HOLMGREN & LOBERG, LTD.
CERTIFIED PUBLIC ACCOUNTANTS
' OFFICES IN:
501 EAST HIGHWAY 13 New Prague, MN
BURNSVILLE, MN 55337
PHONE (612) 894 -2111
COMPLIANCE REPORT BASED ON AN EXAMINATION OF
GENERAL PURPOSE FINANCIAL STATEMENTS
To the Honorable Mayor and
Members of the City Council
Columbia Heights, Minnesota
We have examined the general purpose financial statements of the City of
Columbia Heights, for the years ended December 31, 1988 and 1987, and have
issued our report thereon dated June 29, 1989. Our examination was made in
accordance with generally accepted auditing standards and the standards for
financial and compliance audits contained in the Standards for Audit of
Governmental Organizations, Programs, Activities, and Functions, issued by
the U.S. General Accounting Office; and the provision of the Legal Compliance
Audit Guide, promulgated by the Legal Compliance Task Force pursuant to
Minnesota Statute Sec. 6.65 and, accordingly, included such tests of the
accounting records and such other auditing procedures as we considered
necessary in the circumstances.
The management of the City of Columbia Heights is responsible for the
City's compliance with laws and regulations. In connection with the
examination referred to above, we selected and tested transactions and
records to determine the City's compliance with laws and regulations
' non — compliance with which could have a material effect on the general purpose
financial statements of the City.
MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
187
The results of our tests indicate that for the items tested, the City of
Columbia Heights, complied with those provisions of laws and regulations
non — compliance with which could have a material effect on the general purpose
financial statements. Nothing came to our attention that caused us to
believe that for the items not tested the City of Columbia Heights was not in
compliance with laws or regulations noncompliance with which could have a
material effect on the City's general purpose financial statements.
The Legal Compliance Audit Guide covers five main categories of compliance
to be tested: contracting and bidding, deposits and investments, conflict of
interest, public indebtedness, and claims and disbursements. Our study
included all of the listed categories. The results of our tests indicate
that for the items tested, the City complied with the material terms and
conditions of applicable legal provisions. Further, for the items not
tested, based on our examination and the procedures referred to above,
nothing came to our attention to indicate that the City had not complied with
such legal provisions.
June 29, 1989
Burnsville, Minnesota
W-11:3
Exhibit L -3
■ BERGREN, HOLMGREN & LOBERG, LTD.
CERTIFIED PUBLIC ACCOUNTANTS
' OFFICES IN:
501 EAST HIGHWAY 13 New Prague, MN
BURNSVILLE, MN 55337
' PHONE (612) 894 -2111
' AUDITOR'S REPORT ON INTERNAL ACCOUNTING CONTROLS BASED SOLELY
ON A STUDY AND EVALUATION MADE AS A PART OF AN EXAMINATION
OF THE GENERAL PURPOSE FINANCIAL STATEMENTS, AND THE COMBINING
INDIVIDUAL FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS
' To the Honorable Mayor and
Members of the City Council
Columbia Heights, Minnesota
' We have examined the general purpose financial statements of the City of
Columbia Heights, for the years ended December 31, 1988 and 1987, and have
' issued our report thereon dated June 29, 1989. As a part of the examination,
we made a study and evaluation fo the system of internal accounting control
of the City of Columbia Heights to the extent we considered necessary to
evluate the system as required by generally accepted accounting standards and
' the standards for financial and compliance audits contained in the U.S.
General Accounting office Standards for Audit'of Governmental Organizations,
Programs, Activities, and Functions (1988 Revision). For the purpose of this
' report, we have classified the signficant internal accounting controls in the
following categories: cash receipts, cash disbursements, cash and investment
balances, receivables, payables, payrolls, and other assets and liabilities,
and general ledger. Our study included all of these control categories. The
purpose of our study and evaluation was to determine the nature, timing, and
extent of the auditing procedures necessary for expressing an opinion on the
entity's financial statements. Our study and.evaluation was more limited
' than would be neccessary to express an opinion on the system of internal
accounting control taken as a whole or on any of the controls identified
above.
' The management of the City of Columbia Heights, is responsible for
establishing and maintaining a system of internal accounting control. In
fulfilling this responsibility, estimates and judgments by management are
' required to assess the benefits and related costs of control procedures. The
objectives of a system are to provide management with reasonable, but not
absolute, assurance that assets are safeguarded against loss from
' unauthorized use or disposition, and that transactions are executed in
accordance with management's authorization and recorded properly to permit
the preparation of financial statements in accordance with generally accepted
' accounting principles. Because of inherent limitations in any system of
internal accounting control, errors or irregularities may nevertheless occur
and not be detected. Also, projection of any evaluation of the system to
future periods is subject to the risk that procedures may become inadequate
' because of changes in conditions or that the degree of compliance with the
procedurs may deteriorate.
MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
1 189
Our study and evaluation made for the limited purpose described in the first
paragraph would not necessarily disclose all material weaknesses in the
system. Accordingly, we do not express an opinion on the system of internal
accounting control of the City of Columbia Heights taken as a whole or on any
of the categories of controls identified in the first paragraph. However,
our study and evaluation disclosed no condition that we believe to be a
material weakness.
This report is intended solely for the use of management and federal grant or
agencies and should not be used for any other purpose. This restriction is
not intended to limit the distribution of this report which, upon acceptance
by the City's Board, is a matter of public record.
lei °LGlI ti( ,1/l��l
June 29, 1989
Burnsville, Minnesota
190
BERGREN, HOLMGREN & LOBERG, LTD.
CERTIFIED PUBLIC ACCOUNTANTS
501 EAST HIGHWAY 13
BURNSVILLE, MN 55337
�- PHONE (612) 894 -2111
Exhibit L -4
OFFICES IN:
New Prague, MN
REPORT ON INTERNAL CONTROLS (ACCOUNTING AND ADMINISTRATIVE) - BASED
ON A STUDY AND EVALUATION MADE AS PART OF AN EXAMINATION OF THE
GENERAL PURPOSE FINANCIAL STATEMENTS AND THE COMBINING INDIVIDUAL
FUND AND ACCOUNT GROUP FINANCIAL STATEMENTS, AND ADDITIONAL TESTS
REQUIRED BY THE SINGLE AUDIT ACT
To the Honorable Mayor and
Members of the City Council
Columbia Heights, Minnesota
We have examined the financial statements of the City of Columbia Heights, for
the year ended December 31, 1988, and have issued our report thereon dated June
29, 1989. As part of our examination, we made a study and evaluation of the
City's system of internal accounting control, including applicable internal
administrative controls, used in administering federal financial assistance
programs to the extent we considered necessary to evaluate the system as
required by generally accepted auditing standards, the standards for financial
and compliance audits contained in Standards for Audit of Governmental
Organizations, Programs, Activities, and Functions, issued by the U.S. General
Accounting Office; the Single Audit Act of 1984; and the provisions of OMB
Circular A -128, Audits of State and Local Governments. For the purpose of this
report, we have classified the significant internal accounting and
administrative controls used in administering federal financial assistance
programs in the following categories: general compliance, eligibility, other
specific compliance, and grants reporting.
The management of the City.of Columbia Heights, is responsible for establishing
and maintaining internal control systems used in administering federal financial
assistance programs. In fulfilling that responsibility, estimates and judgments
by management are required to assess the expected benefits and related costs of
control procedures. The objectives of internal control systems used in
administering federal assistance programs are to provide management with
reasonable, but not absolute, assurance that, with respect to federal financial
assistance programs, resource use is consistent with laws, regulations, and
policies; resources are safeguarded against waste, loss, and misuse; and
reliable data are obtained, maintained, and fairly disclosed in reports.
MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
191
Because of inherent limitations in any system of internal accounting and
administrative controls used in administering federal financial assistance
programs, errors or irregularities may nevertheless occur and not be detected.
Also, projection of any evaluation of the systems to future periods is subject
to the risk that procedures may become inadequate because of changes in
conditions or that the degree of compliance with the procedures may deteriorate.
Our study included all of the applicable control categories listed above.
During the year ended December 31, 1988, City of Columbia Heights expended 100%
of its total federal financial assistance under major federal financial
assistance programs. With respect to internal control systems used in
administering major federal financial assistance programs, our study and
evaluation included considering the types of errors and irregularities that
could occur, determining the internal control procedures that should prevent or
detect such errors and irregularities, determining satisfactorily, and
evaluating any weaknesses.
With respect to the internal control systems used solely in administering the
nonmajor federal financial asistance programs of the City of Columbia Heights,
Minnesota, our study and evaluation was limited to a preliminary review of the
systems to obtain an understanding of the control environment and the flow of
transactions through the accounting system. Our study and evaluation of the
internal control systems used solely in administering the nonmajor federal
financial assistance programs of the City of Columbia Heights, Minnesota, did
not extend beyond this preliminary review phase.
Our study and evaluation was more limited than would be necessary to express an
opinion on the internal control systems used in administering the federal
financial assistance programs of the City. Accordingly, we do not express an
opinion on the internal control systems used in administering the federal
financial assistance programs of the City of Columbia Heights. Further, we do
not express an opinion on the internal control systems used in administering the
major federal assistance programs.
Also, our examination, made in accordance with the standards mentioned above,
would not necessarily disclose material weaknesses in the internal control
systems used solely in administering nonmajor federal financial assistance
programs.
However, our study and evaluation and our examination disclosed no condition
that we believe to be a material weakness in relation to a federal financial
assistance program to the City of Columbia Heights.
192
These conditions were considered in determining the nature, timing, and extent
of the audit tests to be applied in (1) our examination of the 1988 financial
statements and (2) our examination and review of the City's compliance with laws
and regulations noncompliance with which we believe could have a material effect
on the allowability of program expenditures for each major federal assistance
program and nonmajor federal financial assistance programs. This report does
not effect our reports on the financial statements and on the City of Columbia
Heights compliance with laws and regulations dated June 29, 1989.
This report is intended solely for the use of management, all applicable federal
agencies, and those governments from which federal financial assistance was
received, and should not be used for any other purpose. This restriction is not
intended to limit the distribution of this report, which, upon acceptance by the
City of Columbia Heights is a matter of public record.
r
June 29, 1989
193'
Exhibit L -5
BERGREN, HOLMGREN & LOBERG, LTD.
CERTIFIED PUBLIC ACCOUNTANTS
OFFICES IN: ,
501 EAST HIGHWAY 13 New Prague, MN
BURNSVILLE, MN 55337
PHONE (612) 894 -2111
I
u
I
REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS
RELATED TO MAJOR AND NONMAJOR FEDERAL
FINANCIAL ASSISTANCE PROGRAMS ,
I
To the Honorable Mayor and ,
Members of the City Council
Columbia Heights, Minnesota
We have examined the general purpose financial statements of City of Columbia
Heights as of and for the year ended December 31, 1988, and have issued our
report thereon dated June 29, 1989. Our examination was made in accordance
with generally accepted auditing standards; the standards for financial and
compliance audits contained in the Standards for Audits of Governmental
Organizations, Programs, Activities, and Functions, issued by the U.S.
General Accounting Office; the Single Audit Act of 1984; and the provisions
of OMB Circular A -128, Audits of State and Local Governments and,
accordingly, included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
The management of the City of Columbia Heights is responsible for the
City's compliance with laws and regulations. In connection with the ,
examination referred to above, we selected and tested transactions and
records from each major federal financial assistance program and certain
nonmajor financial assistance programs. The purpose of our testing of
transactions and records from the federal financial assistance.program was to
obtain reasonable assurance that the City of Columbia Heights had, in all l
material respects, administered the major program and executed the tested
nonmajor program transactions in compliance with laws and regulations, ,
including those pertaining to financial reports and claims for advances and
reimbursements, noncompliance with which we believe could have a material
effect on the allowability of program expenditures. '
i1
l
MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
194 �1
f.
Our testing of transactions and records selected from major federal financial
assistance programs disclosed no instances of non - compliance with those laws
and regulations.
In our opinion, for the year ended December 31, 1988, the City of Columbia
Heights administered its major federal financial assistance program in
compliance, in all material respects, with Laws and regulations, including
those pertained to financial reports and claims for advances and
reimbursements, non - compliance with which we believe could have a material
effect on the allowability of program expenditures.
The results of our testing of transactions and records selection from
nonmajor federal financial assistance programs indicate that for the
transactions and records tested, the City of Columbia Heights, Minnesota
complied with the laws and regulations referred to in the second paragraph of
our report. Our testing was more.limited than would be necessary to express
an opinion on whether the City of Columbia Heights, Minnesota administered
those programs in compliance with which we believe could have a material
effect on the allowability of program expenditures; however, with respect to
the transactions and records that were not tested by us, nothing came to our
attention to indicate that the City of Columbia Heights, Minnesota had not
complied wiht laws and regulations.
161',� / i 44 V10 ' ' Y
June 29, 1989
Burnsville, Minnesota
195
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