HomeMy WebLinkAbout1990 CAFRCITY OF COLUMBIA HEIGHTS, MINNESOTA
Comprehensive Annual Financial Report
Year Ended
December 31, 1990
' CITY OF COLUMBIA HEIGHTS, MINNESOTA
' Comprehensive Annual Financial Report
Table of Contents
Exhibit
Page
Introductory Section
Letter of Transmittal
1 - 7
List of Principal Officials
8
'
Organizational Chart
9
Financial Section
'
Independent Auditor's Report
10-11
General Purpose Financial Statements
Combined Balance Sheet - All Fund Types and Account Groups
A
12-13
Combined Statement of Revenue, Expenditures, and Changes in
Fund Balance - All Governmental Fund Types
B
14
Combined Statement of Revenue, Expenditures, and Changes in
' Fund Balance - Budget (GAAP Basis) and Actual - General,
Special Revenue, and Debt Service Funds
C
15
Combined Statement of Revenue, Expenses, and Changes in
Retained Earnings - All Proprietary Fund Types
D
16
Combined Statement of Cash Flows -
All Proprietary Fund Types
E
17-18
Notes to Financial Statements
19-55
Combining and Individual Fund and Account Group Statements
General Fund
Comparative Balance Sheet
F -1
56
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
F -2
57
'
Statement of Revenue - Budget (GAAP Basis) and Actual
F -3
58
Statement of Expenditures - Budget (GAAP Basis) and Actual
F-4
59
Special Revenue Funds
Combining Balance Sheet
G -1
60
Combining Statement of Revenue, Expenditures,
and Changes in Fund Balance
G -2
61
Municipal State Aid Street Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
G -3
62
Cable Television Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
G-4
63
Paratransit Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
G -5
64
Demonstration Grant Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
G-6
65
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Comprehensive Annual Financial Report
Table of Contents (continued)
Combining and Individual Fund and Account Group Statements
(continued)
Special Revenue Funds (continued)
Contributed Projects
Comparative Statement of Revenue, Expenditures,
and Changes in Fund Balance
Recreation and Community Services Funds
Combining Balance Sheet
Combining Statement of Revenue, Expenditures,
and Changes in Fund Balance
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Youth Athletics Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Traveling Athletics Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Trips and Outings Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Senior Citizens Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Early Childhood and Family Education (ECFE) Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Adventure Club Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Adult Basic and Continuing Education (ABCE) Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Adult Athletics Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Special Projects Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Housing and Redevelopment Authority Funds
Combining Balance Sheet
Combining Statement of Revenue, Expenditures,
and Changes in Fund Balance
Housing and Redevelopment Authority General Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
1
Exhibit Page I
G -7 66
G -8 67
G -9 68
G -10 69
G -11 70
G -12 71
G -13 72
G -14 73
G -15 74
G -16 75
G -17 76
G -18 77
G -19 78
G -20 79
G -21 80
G -22 81
r
f',
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Comprehensive Annual Financial Report
Table of Contents (continued)
Combining and Individual Fund and Account Group Statements
(continued)
Special Revenue Funds (continued)
Housing and Redevelopment Authority Fund (continued)
Housing and Redevelopment Downtown Development Fund
Statement of Revenue, Expenditures, and
Changes in Fund Balance
Housing and Redevelopment Authority
Low Income Housing Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Housing and Redevelopment Authority Anoka County
Community Development Block Grant
Statement of Revenue, Expenditures,
and Changes in Fund Balance
Debt Service Funds
Combining Balance Sheet
Combining Statement of Revenue, Expenditures,
and Changes in Fund Balance
Special Assessment Refunding Bonds of 1987 Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Tax Increment Bonds of 1980 Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Tax Increment Bonds of 1984 Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Tax Increment Bonds of 1985 Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Tax Increment Refunding Bonds of 1987 Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Tax Increment Taxable Bonds of 1987 Fund
Statement of Revenue, Expenditures, and Changes
in Fund Balance - Budget (GAAP Basis) and Actual
Capital Project Funds
Combining Balance Sheet
Combining Statement of Revenue, Expenditures,
and Changes in Fund Balance
Exhibit Page
G -23 82
G -24 83
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Comprehensive Annual Financial Report
Table of Contents (continued)
Exhibit Page
Combining and Individual Fund and Account Group Statements
(continued)
Enterprise Funds
Combining Balance Sheet
J -1
95
Combining Statement of Revenue, Expenses,
and Changes in Retained Earnings
J -2
96
Combining Statement of Cash Flows
J -3
97-98
Water Utility Fund
Balance Sheet
J-4
99
Statement of Revenue, Expenses, and
Changes in Retained Earnings
J -5
100
Statement of Cash Flows
J-6
101-102
Sewer Utility Fund
Balance Sheet
J -7
103
Statement of Revenue, Expenses, and
Changes in Retained Earnings
J -8
104
Statement of Cash Flows
J -9
105-106
Refuse Utility Fund
Balance Sheet
J -10
107
Statement of Revenue, Expenses, and
Changes in Retained Earnings
J -11
108
Statement of Cash Flows
J -12
109-110
Liquor Fund
Balance Sheet
J -13
111
Statement of Revenue, Expenses, and
Changes in Retained Earnings
J -14
112
Statement of Cash Flows
J -15
113 - 114
Internal Service Funds
Combining Balance Sheet
K -1
115
Combining Statement of Revenue, Expenses,
and Changes in Retained Earnings
K -2
116
Combining Statement of Cash Flows
K -3
117-118
Central Garage Internal Service Fund
Balance Sheet
K-4
119
Statement of Revenue, Expenses, and
Changes in Retained Earnings
K -5
120
Statement of Cash Flows
K-6
121-122
Insurance Fund
Balance Sheet
K -7
123
Statement of Revenue, Expenses, and
Changes in Retained Earnings
K -8
124
Statement of Cash Flows
K -9
125- 126
�Ii
ICITY OF COLUMBIA HEIGHTS, MINNESOTA
' Comprehensive Annual Financial Report
Table of Contents (continued)
Combining and Individual Fund and Account Group Statements
(continued)
Agency Funds - Fiduciary Funds
Combining Statement of Changes in Assets and
' Liabilities - All Agency Funds
Financial Schedules (Unaudited)
' General Fixed Assets Group of Accounts
Comparative Schedule of General Fixed Assets by Source
General Long -Term Debt Group of Accounts
' Statement of General Long -Term Debt
Schedule of Funding Available and Funds Required
Schedule of Debt Service Requirements to Maturity
Supplemental Information (Unaudited)
Schedule of Sources and Uses of Public Funds for Housing and
Redevelopment Authority Tax Increment Financing Districts
Sources of Funds for Housing and Redevelopment Authority
Tax Increment Financing Districts
Statistical Section (Unaudited)
Assessed Value, Tax Capacity, and Estimated
Actual Value of All Taxable Property
Tax Rates
City Tax Levy
Tax Levies and Tax Collections
Special Assessment Collections
General Governmental Revenue By Source
General Governmental Expenditures By Function
Schedule of Insurance in Force
Combining Schedule of Bonds Payable
Principal City Officials
Miscellaneous Statistical Facts
Principal Taxpayers
Statement of Legal Debt Margin
Exhibit Page
L -1 127- 128
M -1 129
N -1
130
N -2
131
N -3
132
O -1
133
O -2
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
X11
XIII
134-135
136
137
138
139
140
141
142
143
144-147
148
149-150
151
152
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Comprehensive Annual Financial Report
Table of Contents (continued)
Page
Other Required Reports
Independent Auditor's Report on Schedule of
Federal Financial Assistance
153
Schedule of Federal Financial Assistance
154
Independent Auditor's Single Audit Combined
Report on Internal Control Structure
155-157
Independent Auditor's Compliance Report Based Solely
on an Audit of the General Purpose Financial Statements
Performed in Accordance With Government Auditing Standards
158
Independent Auditor's Single Audit Report on Compliance
With the General Requirements Applicable to Federal
Financial Assistance Programs
159
Independent Auditor's Report on Compliance With Specific
Requirements Applicable to Nonmajor Related Federal
Financial Assistance Program Transactions
160
Independent Auditor's Report on Compliance With
Minnesota State Laws and Regulations
161
Schedule of Findings
162
i
CITY OF COLUMBIA HEIGHTS
590 40th Avenue N. E.
Columbia Heights, MN 55421 -3878
(612) 782 -2800
1
Mayor
'Edward M. Carlson
Councilmembers
Sean T. Clerkin
Bruce G. Nawrocki
Gary L. Peterson
Robert W. Ruettimann
IMarch 27, 1991
' To the Citizens of the City of Columbia Heights,
Mayor, Councilmembers, and City Manager
The Comprehensive Annual Financial Report of the City of Columbia Heights for the fiscal year ended
P P
December 31, 1990 is hereby submitted. The responsibility for both the accuracy of the presented data
and the completeness and fairness of the presentation, including all disclosures, rests with the City. To
the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported
in a manner designed to present fairly the financial position and results of operations of the various funds
1 and account groups of the City. 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 three sections: Introductory, Financial, and
Statistical. 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, the
' combining and individual fund and account group 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 the United States 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, is included at the end of this report.
This report includes all funds and account groups of the City. The City provides a full range of services
to its citizens. These services include, but are not limited to, police and fire protection; sanitation
services; the construction and maintenance of highways, streets, and infrastructure; library; recreational
facilities; cultural events; and general administrative services. In addition to general government
activities, the City Council exercises, or has the ability to exercise, oversight of the Housing and
Redevelopment Authority by appointment of Board members; therefore, this activity is included in the
reporting entity. However, Columbia Heights Police and Fire Department Relief Associations,
51
PE "SERVICE IS OUR BUSINESS" EQUAL OPPORTUNITY EMPLOYER
Independent School District No. 13, Six Cities Watershed District, and Rice Creek Watershed District
have not met the established criteria for inclusion in the reporting entity and, accordingly, are excluded
from this report.
ECONOMIC CONDITION AND OUTLOOK
The City of Columbia Heights, which is a suburb located north of the City of Minneapolis in Anoka
County in east - central Minnesota, was originally incorporated as a village in 1898. In 1921, pursuant
to the adoption of a home rule City Charter by the qualified voters of the City, a Council- Manager form
of government was instituted. The City covers an area of 3.52 square miles and its population is 18,910
according to 1990 census figures. Population of the City decreased by a little over 1,000 persons in the
last decade. This decrease is due in part to the fact that a large proportion of the City's population is
senior.
Columbia Heights is becoming more like a core city each year. The demographics of the citizens
continue to age and change while the housing stock and infrastructure become older. The City is facing
the same problems as those faced by other older cities — that of deteriorating infrastructure; particularly
streets.
The City of Columbia Heights is addressing the infrastructure problem through the process of
redevelopment and by designating funds for the replacement of capital items. The Housing and
Redevelopment Authority is actively promoting redevelopment projects within the City. On December 4,
1990, construction was started for a 45 -unit senior low income housing addition to Parkview Villa
Highrise. This development is being financed through a $2.4 million General Obligation Tax Increment
Capital Appreciation Bond issue to be paid from tax increments earned from 2002 to 2009 on the
Downtown Business District Tax Increment District. The project is expected to be completed in August
1991.
Construction of townhomes in the Sullivan Shores development was completed in 1990. This
development included 65 townhomes and site improvements for the City. Another area of the City slated
for redevelopment is the area between Jefferson Avenue - Madison Place on the east, Huset Park on the
north, University Avenue on the west, and 37th Avenue on the south. During the year, two primarily
housing - related developments were rejected for this area. However, at least two industrial /commercial
developments were under consideration by potential developers.
The City Council adopted the Housing Maintenance Code which requires inspection of the 2,500 plus
units of rental housing within the City. The purpose of the housing code was to maintain housing
standards in Columbia Heights.
The City Council also designated funds of the City for capital equipment replacement and construction.
These funds are to be used for replacement of fixed assets of the City and for replacement of
infrastructure in the Water and Sewer Funds.
Employment in the City is remaining stable. Medtronics moved 200 employees into the vacant Land O'
Lakes building in 1989 and became one of the City's larger employers. During the year, economic
conditions remained stable. The City continues to maintain a strong financial position and that trend is
expected to continue.
-2-
MAJOR INITIATIVES
For the Year
' During the year, the City continued with the process of computerization. The IBM 36 was upgraded and
both memory and storage were increased, thereby increasing speed and efficiency of operations.
Accounts receivable and purchase order systems were acquired in 1990 and those functions are now
' computerized. Also completed during the year was networking of computers throughout the City. This
involved all computers in the City being connected and having complete access to central files including
financial information on the IBM 36 computer.
' A new telephone communication system was installed in City Hall, Public Works, Murzyn Hall, and the
Library. All major operational areas in each of the four buildings have the capability of direct -in- dialing
and voice mail. Although there were some problems encountered in the conversion to the new system,
it is a major improvement and it has greatly reduced monthly telephone costs.
Both the Police and Fire Department personnel are active in public education and outreach programs.
These programs are designed to educate the community in the areas of safety and crime and fire
prevention. Police officers are also involved in D.A.R.E. (Drug Abuse Resistance Education), a
nationally recognized program for fifth graders. This program includes self - esteem building, decision-
' making, handling of stress, the consequences of drug use, and techniques on how to avoid drugs.
The two off -sale liquor stores operated by the City continued to be very profitable in 1990. The large
increase in federal tax gave a great final year -end sales boost. Both stores also began selling Minnesota
State Lottery tickets during the year.
Robert S. Bocwinski resigned in August 1990 to take a position as City Administrator in Streamwood,
Illinois. Mr. Bocwinski had been City Manager since April 1978. Stuart Anderson, Chief of Police, was
appointed Acting City Manager by the City Council until a new City Manager is appointed.
For the Future
' Maintenance of the City's infrastructure will remain a major concern. A program of annual planning and
monitoring is being developed by the Public Works Department to address this problem. The City will
also be designating more funds to pay for replacement.
' There are plans to completely replace and update the cash register and computer system for the liquor
stores. The new system will allow for better controls in both buying and sales management. In addition,
Heights Liquor will be electronically connected to Top Valu giving management far more control over
pricing, buying, and asset control.
Effective December 31, 1990, the Joint Powers Agreement with Independent School District No. 13 was
terminated. The effect of this dissolution was such that the School District will administer community
education programs effective January 1, 1991 and the City will administer recreation and the Senior
Citizens programs.
FINANCIAL INFORMATION
The City of Columbia Heights' strong financial management continues to provide the residents of the City
with initiatives designed to enhance its excellent financial position:
1. Investing funds not immediately needed for expenditures to maximize non -tax revenue.
2. Closely monitoring expenditures to ensure that activities are carried out within authorized
levels.
Internal Controls
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 is 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 judgements 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.
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 Funds are included
in the annual appropriated budget. Budgetary control is maintained by an encumbrance system whereby
purchase requests are pre - audited as to authorization and availability of funds prior to their release to
vendors. Also inherent in this controlling function is the management philosophy that the existence of
a particular item or appropriation in the approved budget does not automatically mean that it will or must
be spent. The budget process has flexibility in that, where need has been adequately demonstrated, an
adjustment can be made within the department budget by the City Manager, or between departments and
funds by the City Council. Therefore, there is a constant review process and expenditures are not
approved until it has been demonstrated that (1) adequate funds were appropriated, (2) the expenditure
is still necessary, and (3) funds are available.
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.
-4-
IGeneral Government Functions
Revenues for City general government functions (General, Special Revenue, Debt Service, and Capital
Project Funds) during 1990 totaled $10,698,001, which is an increase
of 0.02% over 1989. Property
taxes received for the City produced 30% of general revenues compared to 27% last year. The amount
of revenues from various sources and their change from last year are shown below:
Amount of
Percent
Increase (Decrease)
Revenue Source Amount of Total
From 1989
Taxes $ 3,215,975 30%
$ 376,039
Special assessments 463,410 4
(273,252)
Licenses and permits 147,587 1
5,222
Fines and forfeitures 123,505 1
(4,683)
Interest and rents 1,143,967 12
(112,845)
Intergovernmental 4,096,113 38
81,193
Charges for services 661,116 6
49,600
Other revenue 846,328 8
(119,291)
Total revenues $ 10,698,001 100%
L_1,983
' Tax revenue and intergovernmental revenue increased due to the increase in the tax le for 1990.
g levy
Special assessment revenue decreased due to fewer prepayments of assessments.
' The expenditures for City general governmental purposes for 1990 totaled $11,975,168, an increase of
11.5% from 1989. The total expenditures for major City functions and their change from last year are
t shown below:
Amount of
Percent
Increase (Decrease)
' Expenditure Function Amount of Total
From 1989
General government $ 1,429,627 12%
$ 315,416
Public safety 2,551,543 21
247,841
'
Public works 762,642 6
(23,176)
Sanitation 184,627 2
62,323
Library 368,363 3
35,175
'
Parks and recreation 1,514,853 13
114,003
Other and contingencies 764,525 6
(2,377)
Capital outlay 1,929,588 16
415,919
Debt service 2,469,400 21
70,057
ITotal Expenditures $ 11,975,168 100% $ 1,235,181
Increased expenditures resulted for a variety of reasons including increased personnel costs, capital outlay
for election equipment in City Hall, and increased incidence of Dutch Elm disease.
General Fund Balance
The fund balance of the General Fund decreased by 45% in 1990. The reason for the large decrease was '
the transfer of $1,780,000 to the Capital Improvement Fund to be designated for the replacement of fixed
assets. The total fund balance of $2,598,631 indicates a strong financial position. It should be pointed
out, however, that this represents working capital for general operations, which is used extensively during
the first seven months of the year until current taxes and State aids are received.
Enterprise Operations I
The City's enterprise operations are comprised of water, sewer, and refuse utilities and municipal liquor
operations.
Total sales from the City's ' off -sale liquor locations amounted to $4,228,987 in 1990. This resulted in
a total net operating income of $261,509, an increase of 14.3% over 1989. Liquor operations are
expected to show growth and profitability in the future. I
The Water and Refuse Utilities had operating incomes of $68,781 and $264,918, respectively, for the
year. The Sewer Utility experienced an operating loss of $242,482 in 1990. The small gain experienced
by the Water Utility and the loss experienced by the Sewer Utility can be attributed to increased operating
costs and the fact that rates have not been increased since 1982. Refuse rates were increased in 1990 to
keep pace with the increased landfill costs.
During the year, the City Council designated funds from the Sewer and Water Utilities for capital
equipment replacement and construction.
Internal Service Funds
The City maintains two Internal Service Funds — the Central Garage Fund and the Insurance Fund. The f
Central Garage Fund is a self - sustaining fund providing service to other departments within the City and
for which user fees are paid by the using department. During the past five years, major capital
improvements were undertaken for the Central Garage resulting in a deficit for the fund. During 1990,
funds were transferred from the General Fund and Water and Sewer Utilities to fund this deficit.
The Insurance Fund was established at a time when the City did not carry commercial liability insurance ,
to pay for any claims arising during that time period. The fund is currently maintained to fund deductible
amounts and to pay any claims that may arise in the future that exceed the current coverage. ,
Agency Funds
Agency Funds are used to account for assets held by the City in an agent capacity for individuals, private
organizations, other governments, or other funds. The City has Agency Funds for deferred
compensation, permit surcharge, escrow, and HRA deferred compensation.
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
for the year was 7.81 %.
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.
-6- �.aa - - i--
Debt Administration
At December 31, 1990, the City had a number of debt issues outstanding. These issues included
$15,004,721 of General Obligation Tax Increment Bonds and $1,460,000 of Permanent Improvement
Special Assessment Debt with City commitment. The City issued $2,399,321 General Obligation Tax
Increment Capital Appreciation Bonds of 1990 to fund a senior housing project. General Obligation Tax
Increment Bonds of 1980 in the amount of $6,925,000 were called and refunded March 1, 1990 from an
escrow account which included a call premium of $138,500. General Obligation Tax Increment Bonds
of 1985 will be called in 1991 in the amount of $1,800,000 and will be paid from escrowed funds.
Risk Management
The City maintains commercial insurance coverage for liability, property, liquor liability, and workers'
compensation. As previously stated, the City maintains an Internal Service Fund for insurance. The
Insurance Fund maintains a reserved balance to provide funds if needed for excess claims or deductibles.
This fund charges individual departments for allocation of premiums and for claims incurred. During
1990, the City had no significant claims and there were no significant claims pending at year -end.
OTHER INFORMATION
Independent Audit
State Statutes require an annual audit by independent certified public accountants. The accounting firm
of Malloy, Karnowski & Co., P.A. was selected by the City. In addition to meeting the requirements
set forth in State Statutes, the audit was also 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 and account group statements and schedules is
included in the Financial Section of this report.
Acknowledgements
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 J. Elrite
Finance Director
June V. Johnston
Assistant Finance Director
-7-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
List of Principal Officials
Year Ended December 31, 1990
CITY COUNCIL
Edward M. Carlson, Mayor
Gary L. Peterson Councilmember
Bruce G. Nawrocki Councilmember
Sean T. Clerkin Councilmember
Robert W. Ruettimann Councilmember
ACTING CITY MANAGER
Stuart Anderson
FINANCE DEPARTMENT
William Elrite, Finance Director
June Johnston, Assistant Finance Direcotor
-8-
CITY OF COLUMBIA HEIGHTS, MN
ADMINISTRATIVE ORGANIZATION
ELECTORS
MAYOR COUNCIL MEMBERS
POLICE \
REGULAR
RESERVES
CIVIL DEFENSE CITY
FIRE LIBRARY
REGULAR
VOLUNTEERS
RESERVES
FINANCE GENERAL
GOVERNMENT
ACCOUNTING
CITY CLERK
ELECTIONS
UTILITY BILLING
COLLECTIONS
LIQUOR
NO I OFF SALE
NO 3 OFF SALE
COMMISSIONS AND BOARDS:
HUMAN SERVICES
HRA
CABLE COMMUNICATIONS
SCIENCE, TECH & ENERGY
MERIT
INSURANCE
TRAFFIC
RECREATION AND
COMMUNITY SERVICES
COMMISSION
ADMINISTRATIVE LEGAL RECREATION
SERVICES AND
COMMUNITY
SERVICES
CABLE TV
PARA TRANSIT
INSPECTIONS
LICENSES AND PERMITS
PLANNING
ASSESSING
REFUSE
RECYCLING
CHARTER
POLICE AND FIRE CIVIL SERVICE
LIBRARY
PLANNING AND ZONING
RECREATION AND COMMUNITY SERVICES
PARK
Wo
MALLOY
KARNOWSKI
&CO.,P.A.
INDEPENDENT AUDITOR'S REPORT
City Council and Residents
City of Columbia Heights
Columbia Heights, Minnesota
PRINCIPALS
KENNETH W. MALLOY, CPA
THOMAS A. KARNOWSKI, CPA
PAUL A. RADOSEVICH, CPA
We have audited the general purpose financial statements of the City of Columbia Heights, Minnesota,
as of and for the year ended December 31, 1990, as listed in the table of contents. These general purpose
financial statements are the responsibility of the City's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our audit.
We conducted 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 general
purpose financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall general purpose 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, 1990, and
the results of its operations, changes in fund balance, and cash flows of the Proprietary Fund Types for
the year then ended, in conformity with generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general purpose financial statements
taken as a whole. The combining and individual fund statements as listed in the table of contents are
presented for purposes of additional analysis and are not a required part of the general purpose financial
statements. Such information has been subjected to the auditing procedures applied in the audit of the
general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation
to the general purpose financial statements taken as a whole.
-10-
410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612 -545 -0424
TELEFAX: 612 -545 -0569
(continued)
' The financial schedules, supplemental information, and statistical information listed in the table of
contents is not necessary for a fair presentation of the general purpose financial statements, but is
' presented as additional analytical data. This information is unaudited and we do not express an opinion
on it.
IMarch 27, 1991
-11-
GENERAL PURPOSE FINANCIAL STATEMENTS
These general purpose financial statements are part of the Comprehensive Annual Financial Report,
1 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."
rIt is felt that these general purpose financial statements will be a benefit to users requiring less detailed
information about our City's finances.
�D
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a°�i
'CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit D
Combined Statement of Revenue, Expenses, and Changes in Retained Earnings '
All Proprietary Fund Types
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989) '
Operating revenue
Charges for services
Charges for sales
Intergovernmental
Total operating revenue
Operating expenses
Costs of sales, services,
and goods sold
Operating expense
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenue (expense)
Interest income
Miscellaneous revenue
Miscellaneous expense
Total nonoperating
revenue (expense)
Income before
operating transfers
Operating transfers in
Operating transfers (out)
Net operating transfers
Net income (loss)
Credit for depreciation on
contributed assets
Retained earnings
Beginning of year,
as previously stated
Adjustment for improvements
Beginning of year, as restated
Residual equity transfers
End of year
See notes to financial statements
4,943,151
242,602
Totals
3,193,194
1,757,433
43,614
(Memorandum Only)
2,798,725
Internal
26.748
211,204
Enterprise
Service
1990
1989
$ 2,177,683
$ 205,835 $
2,383,518 $
2,818,363
4,956,618
55,406
5,012,024
3,695,249
103,465
-
103,465
42,146
7,237,766
261,241
7,49907
6,555,758
4,943,151
242,602
5,185,753
3,193,194
1,757,433
43,614
1,801,047
2,798,725
184.456
26.748
211,204
180.948
6,885,040
312,964
7,198,004
6,172,867
352,726
(51,723)
301,003
382,891
332,422
28,026
360,448
348,489
5,783
117,608
123,391
46,286
(2.655)
-
(2.655)
(28.073)
335.550
145,634
481,184
366,702
688,276
93,911
782,187
749,593
2,955,000 145,000 3,100,000 -
(4,258.860) (20.000) (4.278.860) (344,405)
(1,303,860) 125,000 (1,178,860) (344,405)
(615,584) 218,911 (396,673) 405,188
65,229 - 65,229 65,229
6,730,235 315,819 7,046,054 6,585,988
- 181,207 181,207 -
6,730,235 497,026 7,227,261 6,585,988
- 36,440 36,440 (10,351)
$ 6,179,880 $ 752,377 $ 6,932,257 $ 7,046,054
-16-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Combined Statement of Cash Flows
All Proprietary Fund Types
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Cash flows from operating activities
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenue
Miscellaneous expense
Net cash provided by
operating activities
Cash flows from noncapital financing activities
Exhibit E
Totals
(Memorandum Only)
Internal
Enterprise Service 1990 1989
$ 7,168,929 $ 260,429 $ 7,429,358 $ 6,470,998
(6,096,764)
(191,070)
(6,287,834)
(5,446,789)
(569,456)
(107,352)
(676,808)
(637,618)
5,783
117,608
123,391
46,286
(2,655)
-
(2,655)
(28,073)
505,837
79,615
585,452
404,804
Residual equity transfers in (out) - 36,440 36,440 (10,351)
Operating transfers in from other funds - 125,000 125,000 -
Operating transfers (out) to other funds (1,303,860) - (1,303,860) (344,405)
Net cash provided (used) by
noncapital financing activities (1,303,860) 161,440 (1,142,420) (354,756)
Cash flows from capital and related
financing activities
Acquisition of fixed assets
Disposition of fixed assets
Capital contribution
Net cash used by capital and
related financing activities
Cash flows from investing activities
Net proceeds from sale of investments
Interest earned on investments
Net payments for investments
Net cash provided by
investing activities
Net increase (decrease) in
cash and cash equivalents
Cash and cash equivalents (deficit)
Beginning of year
End of year
See notes to financial statements
(447,178) (131,600) (578,778) (382,475)
5,240 - 5,240 4,184
94,196 94,196 -
(441,938) (37,404) (479,342) (378,291)
700,000 - 700,000 -
334,157 27,283 361,440 228,508
- - - (200,000)
1,034,157 27,283 1,061,440 28,508
(205,804) 230,934 25,130 (299,735)
361,942 (102,701) 259,241 558,976
$ 156,138 128,,233 $ 284,371 $ 259,241
-17-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Combined Statement of Cash Flows (continued)
All Proprietary Fund Types
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Reconciliation of operating income (loss) to
net cash provided by operating activities
Operating income (loss)
Adjustments to reconcile operating
income (loss) to net cash provided
by operating activities
Miscellaneous revenue
Miscellaneous expense
Depreciation expense
Changes in assets and liabilities
(Increase) in accounts receivable
(Increase) in due from other
governmental units
(Increase) in inventory, at cost
(Increase) in prepaid expenses
Increase (decrease) in accounts payable
Increase in accrued salaries
and withholdings payable
Increase (decrease) in due to
other governmental units
Total adjustments
Net cash provided by
operating activities
See notes to financial statements
Exhibit E I
Totals
(Memorandum Only)
Internal
Enterprise Service 1990 1989
$ 352,726 $ (51,723) $ 301,003 $ 382,891
5,783
117,608
123,391
46,286
(2,655)
-
(2,655)
(28,073)
184,456
26,748
211,204
180,949
(39,535)
(2,875)
(42,410)
(65,948)
(29,302)
-
(29,302)
(4,517)
(16,122)
(9,282)
(25,404)
(4,889)
(734)
(13,267)
(14,001)
(97,482)
28,662
12,334
40,996
(19,512)
5,176
72
5,248
16,212
17,382
-
17,382
(1,113)
153,111
131,338
284,449
21,913
$ 505,837 79 615 $ 585,452 $ 404,804
-18-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Columbia Heights was incorporated in 1898. The City is governed by a Council composed
of an elected mayor and four councilmembers. The Council exercises legislative authority and determines
all matters of policy. The City Manager, who is appointed by the Council, is responsible for the proper
administration of all affairs relating to the City.
The financial reporting policies of the City conform to generally accepted accounting principles. The
following is a summary of significant policies.
A. Financial Reporting Entity
In accordance with the Codification of Governmental Accounting and Reporting Standards, Section 2100,
"Defining the Reporting Entity," for financial reporting purposes, the City's financial statements include
all funds, account groups, departments, agencies, boards, commissions, and other organizations over
which City officials exercise oversight responsibility.
Oversight responsibility includes such aspects as appointment of governing body members, budget review,
approval of property tax levies, outstanding debt secured by the City's full faith and credit or revenues,
responsibility for funding deficits, and other. As a result of applying the criteria of Section 2100, certain
organizations have been included or excluded from the City's financial statements as a component unit
as follows:
Included Entity Reason for Inclusion
Housing and Redevelopment
Authority (HRA)
Excluded Entity
Watershed Districts
Rice Creek
Six Cities
Independent School
District No. 13
The Mayor appoints the governing authority and
the City exercises financial oversight.
Reason for Exclusion
The Watershed Districts are governed by their
own elected authorities and are supported
through their own tax levy authority granted by
the Minnesota Statutes.
School districts are totally independent of all
other governing jurisdictions according to
Minnesota Statutes.
-19-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Excluded Entity Reason for Exclusion
Police and Fire Department The Associations are funded in accordance with
Relief Associations 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 may certify tax levies to
the County directly if the City does not carry
out this function. The Associations are,
therefore, able to fund their programs
independently of the City.
The City has various citizen commissions and boards which act on a voluntary basis as advisors to the
City Council on specific matters. The costs of these commissions and boards are limited to the
administrative support which is funded by the City and included in this financial report.
B. Basis of Presentation - Fund Accounting
The accounts of the City of Columbia Heights are organized on the basis of funds and account groups,
each of which is considered a separate accounting entity. The operations of each fund are accounted for
with a separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, revenues,
and expenditures.
Government resources are allocated to and accounted for in individual funds based upon the purpose for
which they are to be spent and the means by which spending activities are controlled.
The various funds and account groups are grouped in this report into seven generic fund types, three
broad fund categories, and two account groups. A description of the fund types and account groups used
by the City follows.
1) Governmental Fund Types
a) General Fund - The General Fund is the general operating fund of the City. It is used to
account for all financial resources except those required to be accounted for in another fund.
b) Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of
specific revenue sources (other than expendable trusts or major capital projects) that are
legally restricted to expenditures for specified purposes.
c) Debt Service Funds - Debt Service Funds are used to account for the accumulation of
resources for, and the payment of all general long -term debt principal, interest, and related
costs.
-20-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
d) Capital Project Funds - Capital Project Funds are used to account for financial resources to
be used for the acquisition or construction of major capital facilities, other than those
financed by Proprietary Funds.
2) Proprietary Fund Types
a) Enterprise Funds - Enterprise Funds are used to account for operations that are financed and
operated in a manner similar to private business enterprises — where the intent of the
governing body is that the costs of providing goods or services to the general public on a
continuing basis be financed or recovered primarily through user charges.
b) Internal Service Funds - Internal Service Funds are used to account for the costs of providing
goods or services to other departments or agencies of the City. Charges to other City
departments are made to support these activities.
3) Fiduciary Fund Type
a) Agency Funds - Agency Funds are used to account for assets held by the City as an agent
for individuals, private organizations, other governments, or other funds. Agency Funds are
custodial in nature (assets equal liabilities) and do not involve measurement of results of
operations.
4) Account Groups
a) General Fixed Assets Account Group - This account group is used to account for all of the
fixed assets of the Governmental Fund Types.
b) General Long -Term Debt Account Group - This account group is used to account for all of
the City's long -term obligations, other than those liabilities of Proprietary Fund Types.
C. Basis of Accounting
Basis of accounting refers to the time at which revenues and expenditures are recognized in the accounts
and reported in the financial statements, regardless of the measurement focus applied.
All Governmental and Agency Funds are reported on the modified accrual basis of accounting.
Generally, only current assets and current liabilities are included in these funds. Governmental Funds
use the "financial flow" measurement focus. Consequently, their revenues are recognized when they
become measurable and available as net current assets. Available means collectible within the current
period or soon enough thereafter to be used to pay liabilities of the current period. Revenue sources
susceptible to accrual include property taxes, intergovernmental revenue, and interest earned on
investments.
-21-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Expenditures are recognized under the modified accrual basis of accounting when a liability is incurred,
except for principal and interest on general long -term obligations which are recognized when due.
Compensated absences are considered expenditures when paid to employees.
Proprietary Funds are accounted for using the "capital maintenance" measurement focus and are reported
on the accrual basis of accounting. Revenues are recognized when they are earned and expenses are
recorded at the time liabilities are incurred.
D. Budgetary Data
The City Manager submits to the City Council a proposed operating budget for the fiscal year
commencing on January 1 of the following year. At least one special Council meeting is conducted to
obtain public comments as required by the State Truth in Taxation Law.
The City Council annually adopts budgets prior to January 1 for the General, certain Special Revenue,
and Debt Service Funds. The budgets are prepared by fund, function, and activity. The budgets are
adopted on, a basis consistent with generally accepted accounting principles and all appropriations lapse
at the end of the budget year to the extent that they have not been expended. Total expenditures
appropriated in the budget resolution may not legally exceed the estimated revenues available from
various sources; therefore, budgetary control is at the fund level.
Formal budgetary integration is employed as a management control device during the year. Budget
revisions are authorized by the City Council in accordance with the City Charter at the request of the City
Manager.
The City does not use encumbrance accounting.
Amounts shown in the financial statements represent the original budgeted amounts and the following
increases (decreases) in appropriations:
General Fund $ 554,833
Special Revenue Funds
State Aid Maintenance 66,787
Cable Television 18,704
Paratransit 898
Recreation 28,925
Capital Improvement Funds (254,687)
Debt Service Funds 6,334,766
$ 6,750,226
-22-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
The City did not budget for all Special Revenue Funds or Debt Service Funds and, accordingly, the
applicable columns of the Combined Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget and Actual excludes amounts relating to the unbudgeted funds. A reconciliation of actual results
for budgeted and unbudgeted Special Revenue Funds and Debt Service Funds follows:
Total
Other
Fund Balance Financing
Residual Fund Balance
December 31, Total Total Sources
Equity December
Fund 1989 Revenues Expenditures (Uses)
Transfers 31,
1990
Special Revenue Funds
Budgeted funds
Unbudgeted funds
Contributed Projects
Special Projects
Unbudgeted Housing
and Redevelopment
Authority Funds
Total Special
Revenue Funds
Debt Service Funds
Budgeted funds
Unbudgeted funds
1990 Capital
Appreciation
Housing and Redevel-
opment Authority
Debt Service
Total Debt
Service Funds
$ 460,800 $ 1,638,875 $ 1,569,358 $ 89,772 $ (29,292) $ 590,797
17,634 30,148 26,777 - 2,979 23,984
(8) 8,008 8,000 - - -
234,451 212,865 544,608 346,665 249,373
$ 712,877 S 1,889,896 S 2,148,743 $ 436,437 S CL6,313) $ 864,154
$ 12,665,931 $ 2,177,068 $ 2,357,819 $ (7,312,785) $ 3,307 $ 5,175,702
40,931 40,931 - -
83,733 70,650 (13,083)
$ 12,665,931 $ 2,260,801 $ 2,469,400 $ (7,284,937) $ 3,307 $ 5,175,702
E. Assets, Liabilities, and Fund Equity Accounts
1) Assets
' a) Cash and Investments - Cash balances from all funds are combined and invested to the extent
available in allowable investments. Investments are stated at cost which approximates market
value. Earnings on investments are allocated to the individual funds on the basis of
' applicable cash balance participation by each fund using an average of monthly beginning
cash and investment balances. Assets of the deferred compensation plans are held by trustees
and are reported at market value in an Agency Fund.
-23-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
b) Special Assessments Receivable - Special assessments represent the financing for public
improvements paid for by benefitting property owners. These assessments are recorded as
receivables upon certification of each project. The corresponding revenue from the
delinquent (unremitted) and deferred (certified but not yet levied) special assessments
receivable is deferred until the year it becomes available (collected within 60 days of year-
end).
c) Inventories - Inventories are valued at cost, which approximates market, using the first -in,
first -out basis.
d) Fixed Assets
1) General Fixed Assets Account Group - All purchased fixed assets are valued at historical
cost or estimated historical cost. The costs of property, plant, and equipment are
accounted for as current expenditures of the Governmental Fund Types in the year
purchased. The City has elected not to record infrastructure fixed assets in its accounting
records.
No depreciation has been provided on general fixed assets.
2) Proprietary Fund Types - Fixed assets of the Proprietary Funds are stated at cost,
estimated cost, or in the case of contributions, at fair market value at the time received.
Depreciation has been provided using the straight -line method over the estimated useful
lives of assets as follows:
Buildings 40 -50 years
Machinery and equipment 3 -20 years
Improvements 5 -20 years
Distribution system 50 -100 years
Depreciation on contributed assets charged to operations is closed to the contributed
equity account.
2) Liabilities
Long -term liabilities expected to be financed from Governmental Funds are accounted for in the
General Long -Term Debt Account Group, not in the Governmental Funds.
-24-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
The liability for the vested portion of accumulated vacation and sick leave is recorded 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 employees. 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.
3) Fund Equity
Fund Equity is divided into sections:
Investment in general fixed assets represents the City's equity in general fixed assets.
Contributed capital is recorded in Proprietary Funds that have received capital grants or
contributions from developers, customers, or other funds.
Fund balance accounts are subdivided:
Reserved fund balance accounts indicate that portion of fund equity which has been legally
segregated for specific purposes or is not appropriable for expenditures.
Unreserved designated fund balance accounts indicate that portion of fund equity that the City has
set aside for planned future projects.
Unreserved undesignated fund balance accounts indicate that portion of fund equity which is
available for budgeting and expending in future periods.
F. Revenues and Expenditures
1) Revenues
a) Property Taxes - Property tax levies are set by the City Council and certified to Anoka
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 and attach an enforceable lien on taxable property within
the City as of January 1.
-25-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
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 delinquent and are classified in the financial statements
as delinquent taxes receivable.
Property taxes are recognized as revenue to the extent collected in the current period.
Portions paid by the State in the form of State paid tax credits are included in intergovern-
mental revenues. That portion of property taxes receivable but not available (not collected
within 60 days of year -end) is recorded as deferred revenue and will be recognized as
revenue in the fiscal year that it becomes available.
The City's property tax levies are subject to certain maximum levels set by the State of
Minnesota under statutory formulas. The City has not exceeded such levy limits.
b) Intergovernmental Revenues - Intergovernmental revenues are reported using the guidelines
of legal and contractual requirements of the individual programs.
c) Other Revenues - Other revenues, such as licenses and permits, fees for services, fines and
forfeits, and miscellaneous revenue, are recognized when received in cash because they
generally are not measurable until received. Investment income is recognized as earned since
it is measurable and available.
2) Expenditures
Expenditure recognition for Governmental Fund Types includes only amounts represented by
current liabilities.
G. Total Columns on Combined Statements
Total columns on the combined statements are captioned "Totals (Memorandum Only)" to indicate that
they are presented only to facilitate financial analysis. Data in these columns does not present financial
position or results of operations in conformity with generally accepted accounting principles nor is such
data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of
these data.
-26-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
H. Comparative Data
Comparative total data for the prior year has been presented in the accompanying financial statements
to provide an understanding of changes in the City's financial position and operations. Selected amounts
in the 1989 financial statements have been reclassified to conform with the 1990 classification. In
addition, beginning retained earnings in the Central Garage Internal Service Fund was adjusted for the
cost of improvements not previously capitalized in the prior year. Comparative data for each fund type
has not been presented in the combined statements since their inclusion could make the statements unduly
complex and difficult to read.
W I. Statement of Cash Flows
For purposes of the Statement of Cash Flows, the City considers all highly liquid debt instruments with
a maturity of three months or less to be cash equivalents. A portion of the Proprietary Funds' equity in
the City -wide cash and investment management pool is considered to be cash equivalents.
NOTE 2 - CASH AND INVESTMENTS
The City maintains a cash and investment pool that is available for use by all funds. Each fund type's
portion of this pool is displayed on the combined balance sheet as "Total Cash and Investments." An
' indication of the level of risk assumed by the City at year -end is categorized as follows for the City's cash
and investments.
A. Deposits
In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks
' authorized by the City Council.
Minnesota Statutes require that all deposits be protected by insurance, surety bond, or collateral. The
market value of collateral pledged must equal 110% of the deposits not covered by insurance or bonds
t(140% in the case of mortgage - backed collateral).
Authorized collateral includes the legal investments described below as well as certain first mortgage
notes and certain other State or local government obligations. Minnesota Statutes require that securities
pledged as collateral be held in safekeeping by the City or in a financial institution other than that
furnishing the collateral.
-27-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 2 - CASH AND INVESTMENTS (CONTINUED)
Deposits at December 31, 1990 are as follows:
City bank deposits (checking accounts,
savings accounts, certificates of deposit)
HRA bank deposits (checking accounts,
savings accounts, certificates of deposit)
Bank Carrying
Balance Amount
$ 7,861,438 $ 7,204,292
500,758 514,438
$ 8,362,196 $ 7,718,730
At December 31, 1990, all City deposits were insured or collateralized by securities held by the City's
agent in the City's name, and all HRA deposits were insured or collateralized by securities held by the
HRA's agent in the HRA's name.
B. Cash on Hand
Cash in the possession of the City and HRA, consisting of petty cash and change funds, at year -end was
as follows:
City cash on hand $ 5,300
HRA cash on hand 50
5,350
C. Investments
The City may also invest idle funds as authorized by Minnesota Statutes as follows: direct obligations
or obligations guaranteed by the United States or its agencies; shares of investment companies registered
under the Federal Investment Company Act of 1940 and whose only investments are in securities
described above; general obligations of the State of Minnesota or any of its municipalities; bankers'
acceptances of United States' banks eligible for purchase by the Federal Reserve System; commercial
paper issued by United States' corporations or their Canadian subsidiaries, of the highest quality, and
maturing in 270 days or less; repurchase or reverse purchase agreements with banks that are members
of the Federal Reserve System with capitalization exceeding $10,000,000, a primary reporting dealer in
U.S. government securities to the Federal Reserve Bank of New York, or certain Minnesota securities
broker - dealers; and futures contracts sold under authority of Minnesota Statutes Section 471.56,
Subdivision 5.
-28-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 2 - CASH AND INVESTMENTS (CONTINUED)
The City's investments are categorized below to give an indication of the level of risk assumed at year-
end. Category 1 includes investments that are insured or registered or for which the securities are held
by the City or its agent in the City's name. Category 2 includes uninsured and unregistered investments
for which the securities are held by the counterparty's trust department or agent in the City's name.
Category 3 includes uninsured and unregistered investments for which the securities are held by the
counterparty or by its trust department or agent but not in the City's name.
Cash and investment balances at December 31, 1990 are as follows:
Credit Risk Category
Carrying Market
1 2 3 Value Value
U.S. Government
Securities $ 7,878,871 $ - $ - $ 7,878,871 $ 7,888,360
Deposits 7,718,730
Cash on Hand 5,350
Total Cash and
Investments $ 15,602,951
Assets Held by Deferred
Compensation Trustee $ 846,114 $ 846,114
NOTE 3 - LEGAL COMPLIANCEIBUDGETS
Total actual expenditures exceeded budgeted expenditures (appropriations) in the following funds:
Special Revenue Funds
Recreation and Community Services
Youth Athletics
Trips and Outings
Senior Citizens
Adventure Club
Housing and Redevelopment Authority
Low Income Housing
Debt Service Funds
Special Assessment Refunding Bonds of 1987
Tax Increment Bonds of 1980
K2
$ 733
5,877
418
689
7,881
3,807
96,026
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 4 - INTERGOVERNMENTAL RECEIVABLES
Intergovernmental receivables at December 31, 1990 presented as due from other governmental units are
composed of the following:
General Fund
Hennepin County
$ 3,856
Anoka County
25,502
City of Hilltop
68.473
Total General Fund
97,831
Special Revenue Funds
City
Municipal State -Aid - State of Minnesota
149,176
Cable Television - City of Hilltop
2,944
Paratransit - City of Hilltop
260
Early Childhood Family Education -
Independent School District No. 13
106,369
Adult Basic Continuing Education -
Independent School District No. 13
1,040
Total City
259,789
HRA
Metropolitan Council 10,029
Anoka County CDBG 48,785
Total HRA 58,814
Total Special Revenue Funds 318,603
Enterprise Funds
Sewer - M.W.C.C. 209,720
Refuse - Anoka County 63,495
Liquor - State of Minnesota 204
Total Enterprise Funds 273,419
$ 689,853
A. Proprietary Funds Contract Receivable and Deferred Receivable
1) 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 billings from M.W.C.C. over a 30 -year
period with interest at 4%.
Mill
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 4 - INTERGOVERNMENTAL RECEIVABLES (CONTINUED)
As of December 31, 1990, a balance of $180,644 remained to be collected over the next twelve
years, of which $15,046 is considered a current asset and $165,598 is a long -term asset.
In addition, the City had a receivable in the amount of $21,800 from M.W.C.C. at December 31,
1990 under the terms of a Joint Use Rental Agreement related to interceptor maintenance.
These receivables are presented as Due From Other Governmental Units in the Sewer Utility
Fund.
2) 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 M.W.C.C. at
December 31, 1990 was $7,276 and is collectible over the next six years.
NOTE 5 - LOANS RECEIVABLE
Loans receivable for the Housing and Redevelopment Authority Special Revenue Fund consists of the
following:
Home Improvement Loans
Mortgage Loans
Anoka County Community Action
Program (ACCAP) Loans
HRA Downtown
General Development All Funds
Fund Fund Total
$ 30,927 $ - $ 30,927
71,022 138,198 209,220
183,659
183,659
285,608 138,198 423,806
Home improvement and mortgage loans receivable are low interest loans made to qualified homeowners.
A home improvement loan approved by the HRA in 1987 and subsequently sold to Minnesota Housing
Finance Agency (MHFA) was repurchased in February 1991 by the HRA for $7,593 at the request of
MHFA. Monthly payments of principal and interest on one mortgage totaling $59,493 at December 31,
1990, in the Downtown Development Fund are remitted to the City of Columbia Heights for repayment
of funds expended to purchase such property. On another mortgage in the Downtown Development
Fund, totaling $61,528 at December 31, 1990, the HRA will retain monthly principal and interest
payments received before May 1992; thereafter payments will be remitted to the City of Columbia
Heights.
-31-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 5 - LOANS RECEIVABLE (CONTINUED)
The HRA loaned $165,000 to ACCAP under the terms of a promissory note dated December 8, 1989,
for the rehabilitation of housing units. This note bears interest at 8 % and requires monthly payments of
principal and interest in the amount of $1,211 beginning in February 1990 and ending in January 2000
when the outstanding principal and accrued interest balance is due in full. An additional $20,000 was
loaned to ACCAP under the terms of a separate construction promissory note dated December 8, 1989.
This note bears interest at 8% and requires monthly payments of interest only beginning January 1990
until July 1990. At that time monthly payments of principal and interest (sufficient to repay the debt in
full by December 2019) must be paid until January 1999, when the remaining principal and accrued
interest balance is due in full. The HRA, at its sole discretion, may extend the balance of both of these
ACCAP loans for up to an additional ten years beyond their initial due dates.
In 1990, the HRA loaned $18,550 to the City of Columbia Heights to finance a portion of the purchase
price of a house. The City leases out this property and requires that the $375 paid per month be remitted
to the HRA to cover the monthly mortgage payment and to fund an escrow account. The mortgage bears
interest at 10% and requires monthly payments of principal and interest in the amount of $188 until June
1993 when the outstanding principal and accrued interest balance is due in full.
NOTE 6 - INTERFUND RECEIVABLES AND PAYABLES
Individual fund interfund receivables and payables at December 31, 1990 consist of the following:
638,515 $ 638,515
-32-
Interfund
Interfund
Receivables
Payables
General Fund
$ 9,406
$ 3,911
Special Revenue Funds
Municipal State Aid
-
102,941
Cable Television
164,100
-
Paratransit
23,186
-
Contributed Pro'ects
20,550
Early Child-ho( and Family Education (ECFE)
-
103,855
Adult Basic and Continuing Education (ABCE)
-
1,040
Housing and Redevelopment Authority
General
29,748
57,468
Downtown Development
281,294
28,192
Low Income Housing
4,321
3,114
Anoka County Community
Development Block Grant
Total Special Revenue Funds
24.595
547,794
24 896
21,50
Capital Project Funds
Capital Improvement
-
81,315
Senior Housing
-
231,783
Capital Improvement Replacement
Total Capital Project Funds
81 315
1, 15
-
$
638,515 $ 638,515
-32-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 7 - INTERFUND TRANSFERS
Operating Transfers
From
To
Amount
Purpose
General
Capital Improvement Parks
$ 329,928
Park Improvements
General
Huset Park Hazardous Cleanup
5,000
Hazardous Waste Investigation
General
Recreation
89,966
Joint Powers
General
Traveling Athletics
4,042
Joint Powers
General
Senior Citizens
37,206
Joint Powers
General
Paratransit
5,000
Fund City Portion Expense
General
Youth Athletics
1,270
Joint Powers
General
Capital Improvement Replacement
1,780,000
Replacement Fixed Assets
General
Central Garage
41,666
Fund Deficit
General
Capital Improvement
186,641
Close Projects
Central Garage
Capital Equipment Replace-
ment Account
20,000
Garage Building Improvements
Tax Increment Bonds of 1980
Tax Increment Bonds of 1984
172,117
Debt Service
Tax Increment Bonds of 1980
Tax Increment Bonds of 1985
213,496
Debt Service
Tax Increment Bonds of 1980
Tax Increment Bonds 1987A
93,136
Debt Service
Tax Increment Bonds of 1980
Tax Increment Bonds of 1987
97,992
Debt Service
Special Assessment Refunding
Bonds of 1987
Capital Improvement
342,122
Close Projects
Water Utility
Capital Improvement
7,337
Close Projects
Water Utility
Water Capital Equipment
Replacement Account
120,000
Replacement Fixed Assets
Water Utility
Water Capital Construc-
tion Account
600,000
Infrastructure Replacement
Sewer Utility
Capital Improvement
7,207
Close Projects
Sewer Utility
Sewer Capital Equipment
Replacement Account
235,000
Replacement Fixed Assets
Sewer Utility
Sewer Capital Construc-
tion Account
2,000,000
Infrastructure Replacement
Special Assessment Refunding
General
450663
Administrative Labor
Bonds of 1987
Cable T.V.
General
41,432
Administrative Labor
Paratransit
General
6,280
Administrative Labor
Liquor
General
71,277
Administrative Labor
Water Utility
General
36,153
Administrative Labor
Refuse Utility
General
62,399
Administrative Labor
Liquor
Capital Improvement Replacement
1,000,000
Replacement Fixed Assets
Sewer Utility
General
36,153
Administrative Labor
Tax Increment Bonds of 1987A
Tax Increment Funds of 1980
7,063,500
Call Bonds
Capital Appreciation
Senior Housing
2,306,064
Senior Housing Project
Bonds of 1990
Capital Appreciation
HRA Downtown
Bonds of 1990
Development
29,812
Debt Service
HRA Debt Service
Capital Appreciation Bonds of 1990
13,083
Debt Service
Senior Housing
HRA Downtown Development
316,853
Senior Housing Project
Water Utility
Central Garage
41,667
Fund Deficit
Sewer Utility
Central Garage
41,667
Fund Deficit
Total Operating Transfers
$ 17,501,129
-33-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 7 - INTERFUND TRANSFERS (CONTINUED)
Residual Equity Transfers
From
To
Amount
Purpose
Murzyn Hall Renovation
General
$ 16,336
Residual Equity
Recreation and Community Services
General
3,316
Residual Equity
Youth Athletics
General
7,885
Residual Equity
Traveling Athletics
General
2,198
Residual Equity
Trips and Outings
Contributed Projects
2,979
Residual Equity
Senior Citizens
General
5,311
Residual Equity
Adult Athletics
General
7,603
Residual Equity
Capital Improvement
Capital Improvement Project
81,369
Residual Equity
Columbia Park Clinic
Debt Service
3,034
Residual Equity
Sullivan Lake Development
Debt Service
273
Residual Equity
Capital Improvement
Government Building
Central Garage
36,440
Residual Equity
Total Residual
Equity Transfers 166,744
-34-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 8 - FIXED ASSETS
The following is a summary of changes in the General Fixed Assets Account Group during the fiscal
year:
-35-
Balance
Balance
January 1,
December 31,
City
1990
Additions
Retirements
1990
Land
$ 3,131,134
$ -
$ -
$ 3,131,134
Buildings
2,878,246
124,297
-
3,002,543
Improvements other
than buildings
795,536
419,125
-
1,214,661
Machinery and equipment
1,971,235
385,133
24,917
2,331,451
Furniture, fixtures, and
office equipment
1,157,810
249,410
3,251
1,403,969
Construction in process
959,317
4,622
-
963,939
Total City
10,893,278
1,182,587
28,168
12,047,697
HRA
Land
69,688
-
-
69,688
Buildings
2,280,819
-
-
2,280,819
Furniture, fixtures, and
office equipment
281,659
35,737
20,929
296,467
Construction in process
-
327,050
-
327,050
Total HRA
2,632,166
362,787
20,929
2,974,024
Total General
Fixed Assets
$ 13,525,444
$ 1,545,374
49,097
$ 15,021,721
-35-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 8 - FIXED ASSETS (CONTINUED)
The following is a summary of Proprietary Fund Type fixed assets at December 31, 1990:
NOTE 9 - OPERATING LEASES
The City has leased premises for a liquor store under a five -year lease agreement that originally expired
in 1989. This lease has been renewed for two years ending December 31, 1991, and contains one
three -year renewal option. This lease is considered for accounting purposes to be an operating lease.
Lease expenditures for the year ended December 31, 1990 amounted to $70,842.
NOTE 10 - 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.
-36-
Water
Sewer
Total
Internal
Total
Utility
Utility
Refuse
Liquor
Enterprise
Service
Proprietary
Land
$ 45,223
$ 36,586
$ -
$ 13,051
$ 94,860
$ -
$ 94,860
Buildings
233,236
45,690
-
183,522
462,448
306,529
768,977
Improvements
other than
buildings
2,566,779
2,976,139
2,890
99,369
5,645,177
97,226
5,742,403
Machinery
and equipment
166,857
293,934
175
144,774
605,740
81,624
687,364
Furniture,
fixtures, and
office equipment
46,372
47,093
440
23,732
117,637
13,545
131,182
3,058,467
3,399,442
3,505
464,448
6,925,862
498,924
7,424,786
Less accumulated
depreciation
1,412,082
1,684,693
1,108
212,888
3,310,771
124,079
3,434,850
Net fixed assets
$ 1,646,385
$ 1,714,749
2 397
$ 251,560
J_2&1&091
$ 374,845
$ 3,989.936
NOTE 9 - OPERATING LEASES
The City has leased premises for a liquor store under a five -year lease agreement that originally expired
in 1989. This lease has been renewed for two years ending December 31, 1991, and contains one
three -year renewal option. This lease is considered for accounting purposes to be an operating lease.
Lease expenditures for the year ended December 31, 1990 amounted to $70,842.
NOTE 10 - 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.
-36-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 10 - LONGTERM DEBT (CONTINUED)
General obligation bonds are direct obligations and are backed by the full faith and credit of the City.
General obligation bonds currently outstanding are as follows:
Special Assessment Bonds
General Government
Permanent Improvement
Refunding Bonds of 1987
Tax Increment Bonds
General Government Tax
Increment Bonds of 1984
General Government Tax
Increment Bonds of 1985
General Government Tax
Increment Refunding
Bonds of 1987, Series A
General Government Tax
Increment Taxable Bonds
of 1987
General Obligation Tax
Increment Capital
Appreciation Bonds
Final
Original Interest Issue Maturity Balance
Issue Rate Date Date End of Year
$ 2,230,000 5.50 -5.60% 6/01/87 3/01/95 $ 1,460,000
1,070,000
8.50 -9.40
6/01/84
3/01/94
565,000
2,100,000
7.20 -9.00
9/01/85
3/01/02
1,850,000
9,090,000
5.75 -7.50
6/01/87
3/01/02
9,090,000
1,100,000
8.40 -9.10
8/01/87
2/01/97
1,100,000
of 1990 2,399,721 6.90 -7.15 8/23/90 9/01/09 2,399,721
$ 16,464,721
Annual debt service requirements to maturity for general obligation bonds including interest of
$9,169,511, are as follows:
Fiscal Year
Ending
December 31
Total
1991
$ 3,800,544
1992
1,932,500
1993
1,915,830
1994
1,892,018
1995
1,810,160
Thereafter
14,283,180
$ 25,634,232
-37-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 10 - LONGTERM DEBT (CONTINUED)
These figures include a refunding payment of $1,800,000 in 1991 for Tax Increment Bonds of 1985 to
be paid in full from an escrow account managed by Norwest Bank Trust Services. Until the crossover
refunding date, interest payments for Tax Increment Refunding Bonds of 1987 will be partially paid from
interest income generated by the escrow account.
At December 31, 1990, a total of $5,175,702 is available in Debt Service Funds to service the general
obligation special assessment and tax increment bonds. There are a number of limitations and instructions
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 levied on the properties benefitting from the improvements. Any deficiencies in revenue
from these sources will be provided by general property taxes.
Liability for Compensated Absences - Upon leaving City employment in good standing, employees shall
receive payment based on their most recent level for all vacation leave earned but not taken and for
one -third of earned but unused sick leave. The liability represents vested benefits earned by governmental
fund employees through the end of the year which will be paid or used in future periods.
Long -Term Debt - Other - The City is the administering authority for the following tax increment finance
districts:
A. 1977 Downtown CBD Revitalization Plan A3
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1990)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1990
-38-
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$ 118,634
$ 1,285,971
$ 1,167,337
$21,764,721
$ 8,425,000
$13,339,721
CITY OF COLUMBIA HEIGHTS, MINNESOTA
I Notes to Financial Statements (continued)
December 31, 1990
NOTE 10 - LONGTERM DEBT (CONTINUED)
' B. 1984 Modification to the Downtown CBD Revitalization Plan C7
Type of District
Authorizing Law
Duration of District
' Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1990)
Captured Tax Capacity Retained
' Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1990
C. 1984 University Avenue Redevelopment C8
t Type of District
Authorizing Law
' Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1990)
' Captured Tax Capacity Retained
Bonds Issued
Principal Payments
' Bonds Outstanding at December 31, 1990
D. 1987 Sullivan Lake Development M
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1990)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1990
-39-
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$ 37,928
$ 82,204
$ 44,276
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$ 25,176
$ 150,628
$ 125,452
$ 1,070,000
$ 505,000
$ 565,000
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$ 37,825
$ 85,521
$ 47,696
$ 1,100,000
$ 1,100,000
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 10 - LONGTERM DEBT (CONTINUED)
E. 1989 Multi -Use Redevelopment Plan K2
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1990)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1990
Redevelopment
HRA (Minnesota Statutes Sections
469.001 to 469.047 and 469.714
to 469.178)
October 4, 2014
$249,832
$223,069
Changes in Long -Term Liabilities - During the year ended December 31, 1990 the following changes
occurred in liabilities reported in the General Long -Term Debt Account Group:
HRA
Note payable ( #105 -902) to
U.S. Department of Housing
and Urban Development; there
is no stated due date; interest
accrued as of December 31,
1990 totals $57,713
Tax Increment Revenue Bonds
Liability for compen-
sated absences
Total HRA
Total General
Long -Term Debt
125,905 - - 125,905
- 2,400,000 2,400,000 -
4,937 3,902 - 8,839
130,842 2,403,902 2,400,000 134.744
1 22,212,946 $ 4,822,173 $ 10,123,426 $ 16,911,693
ff In
Balance
Balance
City
January 1
Additions
Reductions
December 31
Note payable to HRA
$ -
$ 18,550
$ 1,373
$ 17,177
General Obligation
Tax Increment Bonds
20,045,000
2,399,721
7,440,000
15,004,721
General Obligation Special
Assessment Bonds
1,725,000
-
265,000
1,460,000
Liability for compen-
sated absences
312,104
-
17,053
295,051
Total City
22,082,104
2,418,271
7,723,426
16,776,949
HRA
Note payable ( #105 -902) to
U.S. Department of Housing
and Urban Development; there
is no stated due date; interest
accrued as of December 31,
1990 totals $57,713
Tax Increment Revenue Bonds
Liability for compen-
sated absences
Total HRA
Total General
Long -Term Debt
125,905 - - 125,905
- 2,400,000 2,400,000 -
4,937 3,902 - 8,839
130,842 2,403,902 2,400,000 134.744
1 22,212,946 $ 4,822,173 $ 10,123,426 $ 16,911,693
ff In
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' Notes to Financial Statements (continued)
December 31, 1990
NOTE 10 - LONGTERM DEBT (CONTINUED)
In 1987, the City issued $9,090,000 of General Obligation Tax Increment Refunding Bonds to advance
refund $6,925,000 of the City's General Obligation Tax Increment Bonds of 1990 and $1,800,000 of the
' City's General Obligation Tax Increment Bonds of 1985. Pending the call of bonds to be refunded, the
proceeds were deposited in an escrow account. In 1990, bonds of the 1980 issue maturing on or after
March 1, 1991 in the amount of $6,925,000 were redeemed with funds held in escrow. In addition,
' bonds of the 1985 issue maturing on or after March 1, 1992 in the amount of $1,800,000 will be
redeemed in 1991 with remaining funds held in escrow.
In March 1990, the HRA issued $2,400,000 Tax Increment Revenue Bonds, Series 1990, bearing interest
at 6.750, with a nominal maturity date of September 1, 2009, subject to early redemption. The bonds
were redeemed on September 4, 1990, prior to incurring any construction costs on the Parkview Villa
South project. On September 4, 1990, the City of Columbia Heights issued $2,399,721 General
' Obligation Capital Appreciation Bonds, Series 1990. The proceeds of the City's bond issue will be used
to finance the construction of Parkview Villa South.
' In connection with this construction project, contract commitments of approximately $1,522,000 exist at
December 31, 1990.
NOTE 11 - FUND EQUITY
' The following fund had a fund deficit as of December 31, 1990:
Fund
' Deficit
Capital Project Funds
' Capital Improvement Fund 401 $ 105,767
The City will finance this deficit through external or internal sources in future years.
For various reasons, certain funds have a portion of their fund equity reserved or designated for specific
purposes. A discussion of each such item as it appears on the Combined Balance Sheet follows:
' A. Reservation of Retained Earnings
Reserve for Insurance - This reserve in the Insurance Internal Service Fund represents funds set aside to
pay any claims from the period during which the City had no commercial insurance, and funds set aside
to pay any amounts that may arise from a claim that exceeded the limits of current commercial policies.
' Reserve for Capital Replacement /Construction - This reserve in the Water and Sewer Enterprise Funds
and the Central Garage Internal Service Fund represents funds set aside to pay for appropriate future
capital replacement /construction projects.
1 -41-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 11 - FUND EQUITY (CONTINUED)
B. Reservation of Fund Balances
Reserve for Community Development - This reserve in the Housing and Redevelopment Authority's
General Fund represents available resources dedicated to community development activities by prior
community development grants.
C. Designated Unreserved Fund Balances
Designated for Debt Service - These amounts represent fund balances which are presently committed to
provide financial resources to pay principal and interest on the City's general obligation bonds.
Designated for Subsequent Years' Expenditures - Unspent appropriations lapse at year -end. Amounts
which are reappropriated in the next year's budget are reported as fund equity designations.
Designated for Working Capital - This amount represents funds set aside by the City to provide positive
cash flow for the next fiscal year.
NOTE 12 - 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, 1990 is presented below:
Net cash provided
(used) by operating
activities
Total assets
Total equity -
contributed
Total equity -
retained earnings
$ 178,577
$
Water
$
Sewer
308,206 $
Refuse
Liquor
$
Total
Operating revenues
$
756,575
$
692,697
$
1,559,507
$
4,228,987
$
7,237,766
Depreciation expense
$
62,779
$
90,035
$
351
$
31,291
$
184,456
Operating income
(loss)
$
68,781
$
242,482
208,888
$
264,918
$
261,509
$
352,726
Net income (loss)
$
33,027
$
138,730)
$
$
(718,769)
$
(615,584)
Operating transfers
(out)
$
(85,157)
$
(85,027)
$
(62,399)
$
(1,071,277)
$
(1,303,860)
Property, plant,
and equipment
Additions
$
86,493
$
357,615
$
-
$
3,070
$
447,178
Net working capital
$
805,160
$
2,258,954
$
396,149
$
625,990
$
4,086,253
Net cash provided
(used) by operating
activities
Total assets
Total equity -
contributed
Total equity -
retained earnings
$ 178,577
$
(46,400)
$
65,454 $
308,206 $
505,837
$ 2,532,508
$
4,195,591
$
398,722 $
1,074,388 $
8,201,209
$ 909,396
$
784,942
$
- $
- $
1,694,338
$ 1,542,149 $ 3,361,635 $ 398,546 $ 877,550 $ 6,179,880
-42-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 13 - PROPRIETARY FUNDS' CONTRIBUTED CAPITAL
This balance represents the cost of property contributed to the Enterprise Funds and Internal Service
Funds by the City, less depreciation thereon charged to operations. Changes occurring in the account
during the year were as follows:
Balance - beginning of year
Add government general fixed
assets contributed
Less depreciation on contributed assets
Balance - end of year
Water
Sewer
Central
Utility
Utility
Garage
Total
$ 935,690
$ 823,877
$ 94,653
$ 1,854,220
-
-
94,196
94,196
(26,294)
(38,935)
-
(65,229)
$ 909,396 $ 784,942 $ 188,849 $ 1,883,187
NOTE 14 - DEFINED BENEFIT PENSION PLANS - STATEWIDE
A. Plan Description
All full -time and certain part-time employees of the City of Columbia Heights 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, 1990 was $2,509,381 and $938,357, respectively; the City's total payroll was $4,233,312.
PERA provides retirement benefits as well as disability benefits to members, and benefits to survivors
upon death of eligible members. Benefits are established by State Statute and vest after three years of
credited service. The defined retirement benefits are based on a member's average salary for any five
successive years of 'allowable service, age, and years of credit at termination of service. Two methods
are used to compute benefits for Coordinated and Basic members.
The retiring member receives the higher of step -rate benefit accrual formula (Method 1) or a level accrual
formula (Method 2). Under Method 1, the annuity accrual rate for a Basic member is 2% of the average
salary for each of the first ten years of service and 2.5% for each remaining year. For a Coordinated
member, the annuity accrual rate is I% of the average salary for each of the first ten years and 1.5 % for
each remaining year. Using Method 2, the annuity accrual rate is 2.5% of the average salary for Basic
members and 1.5% for Coordinated members. For PEPFF members, the annuity accrual rate is 2.5%
for each year of service. For PERF members whose annuity is calculated using Method 1, and for all
PEPFF members, a full annuity is available when age plus years of service equal 90.
-43-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 14 - DEFINED BENEFIT PENSION PLANS - STATEWIDE (CONTINUED)
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. According to
Minnesota Statutes Chapter 356.215, Subdivision 4(g), the date of full funding required for the PERF
and the PEPFF is the year 2020. 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 combined
statutory contribution rates and actuarially required contribution rates for the plans are as follows:
Statutory Rates
Required
Employees Employer Rates
PERF (Basic and
Coordinated Plans) 4.47% 4.82% 8.83%
PEPFF 8.00% 12.00% 16.21%
Total contributions made by the City during fiscal year 1990 were:
Amounts
Employees Employer
PERF $ 119,251 $ 132,708
PEPFF 75,188 112,793
$ 194,439 $ 245,501
Percentage of
Covered Payroll
Employees Employer
4.75% 5.29%
8.00% 12.00%
The City's contribution (employers' share) for the year ended December 31, 1990 to the PERF
represented 0.14% of total contributions required of all participating entities. For the PEPFF,
contributions for the year ended December 31, 1990 represented 0.46% of total contributions required
of all participating entities.
5 R
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 14 - DEFINED BENEFIT PENSION PLANS - STATEWIDE (CONTINUED)
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.
The pension benefit obligations as of June 30, 1990 are shown below:
Total pension benefit obligation
Net assets available for benefits, at
cost (market value for PERF =
$3,547,243; PEPFF = $803,320)
Unfunded (Assets in Excess of)
Pension Benefit Obligation
PERF PEPFF
(In Thousands)
$ 4,089,960 $ 657,453
3,250,157 739,068
$ 839,803 (81,615)
The measurement of the pension benefit obligation is based on an actuarial valuation as of
June 30, 1990. Net assets available to pay pension benefits were valued as of June 30, 1990.
2) Changes in Actuarial Methods and Benefit Provisions
For the fiscal year 1990 actuarial valuation, the PERA Board of Trustees approved the use of new
withdrawal rates. The change was made to reduce, if not eliminate, the series of large, annually
recurring actuarial losses in the last few years due to lower than expected terminations.
With the adoption of new withdrawal rates, the pension benefit obligation increased $59,942,000
in the PERF and $6,978,000 in the PEPFF.
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, 1990. This information is useful in assessing the pension plan's accumulation
of sufficient assets to pay pension benefits as they become due.
-45-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 14 - DEFINED BENEFIT PENSION PLANS - STATEWIDE (CONTINUED)
E. Related Party Investments
As of June 30, 1990, and for the fiscal year then ended, PERA held no securities issued by the City or
other related parties.
NOTE 15 - DEFINED BENEFIT PENSION PLANS - FIRE RELIEF ASSOCIATION,
VOLUNTEER DIVISION
A. Plan Description
Volunteer fire fighters of the City of Columbia Heights are members of the Columbia Heights Fire
Department Relief Association, Volunteer Division. The Division maintains a single - employer defined
benefit pension plan. It is governed by a Board of Trustees composed of the members of the Columbia
Heights City Council. The City Manager, Clerk - Treasurer, Chief of the Fire Department, and the Public
Safety Director of the City are ex- officio members of the Board of Trustees. The City's payroll for
`members of the Volunteer Relief Association for the year ended December 31, 1990 was $66,176
compared to a total City payroll of $4,233,312.
B. Pension Benefits
The bylaws, as amended in August 1989, provide for monthly pensions of $16 per year of service, for
up to 30 years of service, for all Division members. Alternatively, members may elect a lump sum
payment of $2,300 per year of service. Both monthly and lump sum pensions begin vesting after 10
years of service and are fully vested after 20 years. Benefits are payable after retiree is at least 50 years
old. The Plan also provides for disability and survivor benefits.
The City of Columbia Heights levies property taxes at the direction of and for the benefits of the Fire
Relief Association, Volunteer Division and passes through State aids allocated to the Plan, all in
accordance with enabling State Statutes.
C. Contributions Required and Contributions Made
The Association's funding policy provides for periodic City contributions in accordance with State
Statutes. The minimum actuarially determined contribution required by Statutes is the annual normal cost
plus amortization of any unfunded actuarial liability.
During the year ended December 31, 1990, contributions totaling $27,000 (all employer) were made in
accordance with contribution requirements determined by an actuarial valuation of the Plan as of
December 31, 1986. The contributions represent normal cost only since there was no unfunded actuarial
liability. Benefits and contributions are not based on payroll; accordingly, there is no covered payroll.
ff IN
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 15 - DEFINED BENEFIT PENSION PLANS - FIRE RELIEF ASSOCIATION,
VOLUNTEER DIVISION (CONTINUED)
' D. Funding Status
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, 1990. 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 5.0% per year compounded
annually and (b) the assumption that benefits will not increase after retirement.
At December 31, 1990, the assets in excess of the pension benefit obligation were $265,453, determined
as follows:
Pension Benefit Obligation
1 Retirants and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits
Current employees
Accumulated employee contributions including
allocated investment income
Employer financed
Total pension benefit obligation
Net assets available for benefits, at cost
(market value was $870,879)
Assets in excess of pension benefit obligation
$ 414,727
168,770
583,497
848,950
$ 265,453
Changes in plan benefits which were first evaluated as of December 31, 1990 caused the pension benefit
obligation to increase by $174,000.
-47-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 15 - DEFINED BENEFIT PENSION PLANS - FIRE RELIEF ASSOCIATION,
VOLUNTEER DIVISION (CONTINUED)
E. Historical Trend Information
Ten -year historical trend information is presented in the Relief Association's Annual Financial Report.
This information is useful in assessing the pension plan's accumulation of sufficient assets to pay pension
benefits as they become due. For the four years ended 1990, 1989, 1988, and 1987, respectively,
available assets were sufficient to fund 138.5 %, 116 %, 177 %, and 179% of the actuarial liability.
F. Related Party Investments
During 1990, the Association held no securities issued by the City or other related parties.
NOTE 16 - DEFINED BENEFIT PENSION PLANS - FIRE RELIEF ASSOCIATION, PAID
DIVISION
A. Plan Description
Paid full -time regular fire fighters of the City of Columbia Heights first employed by the City on or prior
to December 31, 1974 are members of the Columbia Heights Fire Relief Association, Paid Division. The
Division maintains a single - employer defined benefit pension plan. Marquette Bank acts as trustee for
the beneficiaries. The City's payroll for members of the Paid Relief Association for the year ended
December 31, 1990 was $44,180 compared to a total City payroll of $4,233,312.
B. Pension Benefits
A fire fighter who completes at least 20 years of service as an active member of the Columbia Heights
Fire Department and has been a member of the Relief Association for at least 20 years, after age 50, is
entitled to a full service pension upon retirement. For the first 20 years of service, the individual is
entitled to 35/80 of base pay (base pay is defined as the salary of a first grade fireman). For each year
in excess of 20, an additional 1 /80 is added up to a 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 1/2%
of base pay is added to the benefit. (The additional benefit is not subject to the post- retirement
adjustment provisions.)
A member is entitled to disability benefits as follows:
a. Less than 10 years service - 30/80 of base pay
b. 10 to 15 years service - 35/80 of base pay
c. 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.
-48-
ICITY OF COLUMBIA HEIGHTS, MINNESOTA
I Notes to Financial Statements (continued)
December 31, 1990
i
NOTE 16 - DEFINED BENEFIT PENSION PLANS - FIRE RELIEF ASSOCIATION, PAID
DIVISION (CONTINUED)
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.
OR C. 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 19 years.
During the year ended December 31, 1990, contributions totaling $116,500 (all employer) were made
in accordance with contribution requirements determined by an actuarial valuation of the Plan as of
December 31, 1988. Employer contributions represented 360% of current covered payroll. The
employer contributions consisted of $8,742 for normal cost (27% of current covered payroll) and
$ 107,758 for amortization of unfunded actuarial accrued liability (333% of current 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.
D. Funding Status
The amount shown on the following page 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 (1) help users assess the Plan's funding
status on a going - concern basis, (2) assess progress being made in accumulating sufficient assets to pay
benefits when due, and (3) 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, 1990. 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 5.0% per year compounded
annually, (b) projected salary increases of 3.5% per year compounded annually, attributable to inflation,
and (c) the assumption that benefits will increase 3.5% per year after retirement.
At December 31, 1990, the unfunded pension benefit obligation was $885,161, determined as follows:
-49-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 16 - DEFINED BENEFIT PENSION PLANS - FIRE RELIEF ASSOCIATION, PAID
DIVISION (CONTINUED)
Pension Benefit Obligation
Retirants and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits $ 2,051,964
Current employees
Accumulated employee contributions including
allocated investment income 33,182
Employer financed 261,147
Total Pension Benefit Obligation 2,346,293
Net assets available for benefits, at cost
(market value was $1,492,533) 1,461,132
Unfunded Pension Benefit Obligation $ 885,161
The total pension benefit obligation as of January 1, 1990 was $2,313,780. During the year, the plan
experienced a net increase of $32,513 in the pension benefit obligation.
E. Historical Trend Information
Ten -year historical trend information related to the pension plan is presented in the Relief Association's
annual financial report. This information is useful in assessing the pension plan's accumulation of
sufficient assets to pay pension benefits as they become due.
For the four years ended 1990, 1989, 1988, and 1987, respectively, available assets were sufficient to
fund 62.3 %, 59.3 %, 43.75 %, and 42.2 % of the pension benefit obligation. Unfunded pension benefit
obligation represented 2,518.4 %, 2,784.3 %, 4,682.5 %, and 4,860.8% of the annual payroll for
employees covered by the Plan for 1990, 1989, 1988, and 1987, respectively. Showing unfunded pension
obligation as a percentage of annual covered payroll approximately adjusts for the effects of inflation for
analysis purposes. In addition, the City's contributions for 1990, 1989, 1988, and 1987 were 360 %,
338 %, 354 %, and 366 %, respectively, of annual covered payroll. Contributions were made in
accordance with actuarially determined requirements.
F. Related Party Investments
During 1990, the Association held no securities issued by the City or other related parties.
-50-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' Notes to Financial Statements (continued)
December 31, 1990
NOTE 17 - DEFINED BENEFIT PENSION PLANS - POLICE RELIEF ASSOCIATION
A. Plan Description
1 All policemen first employed by the City of Columbia Heights on or before June 15, 1972 are members
of the Columbia Heights Police Relief Association. The Association is a single employer pension plan.
It is governed by a Board of Directors consisting of members of the Association regardless of whether
such members are active or retired members of the Columbia Heights Police Department. The City's
payroll for members of the Relief Association for the year ended December 31, 1990 was $143,552
compared to a total City payroll of $4,233,312.
B. Pension Benefits
A policeman who completes at least 20 years as an active member of the Columbia Heights Police
Department and has been a member of the Relief Association for at least 20 years, after age 50, is
entitled to a full service pension upon retirement. The service pension prescribed by the Relief
Association's by -laws is 35/80 of base pay (base pay is defined as the salary of a top patrolman). 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.)
A member is entitled to disability benefits of 35/80 of salary at the time of the disability.
C. 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 19 years.
During the year ended December 31, 1990, contributions totaling $196,008 ($188,621 employer and
' $7,387 employees) were made in accordance with contribution requirements determined by an actuarial
valuation of the Plan as of December 31, 1988. The employer contribution consisted of $42,619 for
normal cost and $146,002 for amortization of the unfunded actuarial accrued liability. Employer
' contributions represented 109.8% of covered payroll.
D. Funding Status
The Governmental Accounting Standards Board (GASB) requires disclosure of the total pension benefit
obligation as determined by a standardized measurement of the actuarial present value of estimated
pension benefits that will be paid in future years as a result of employee services performed to date. A
standardized measure of the pension benefit obligation was adopted by GASB to enable readers of the
financial statements to (1) assess the Association's funding status on a going - concem basis, (2) assess
progress made in accumulating sufficient assets to pay benefits when due, and (3) make comparisons
-51-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 17 - DEFINED BENEFIT PENSION PLANS - POLICE RELIEF ASSOCIATION
(CONTINUED)
among relief associations. This measurement is independent of the funding method used to determine
required contributions.
A variety of significant actuarial assumptions are used to determine the standardized measure of the
pension benefit obligation and these assumptions are as follows:
1. A rate of return on the investment of present and future assets of 5.0% per year compounded
annually.
2. Projected salary increases of 3.5% per year compounded annually, attributable to inflation.
3. The assumption that benefits will increase 3.5% per year after retirement.
At December 31, 1990, the unfunded pension benefit obligation was as follows:
Retirees and beneficiaries currently receiving benefits and
,retired policemen entitled to benefits, but not yet receiving them
Current employees
Accumulated employee contributions
including allocated investment income
Employer financed
Total Pension Benefit Obligation
Net assets available for benefits, at cost
(market value was $2,813,451)
Unfunded Pension Benefit Obligation
$ 3,182,352
135,309
1,208,660
4,526,321
2,748,643
$ 1,777,678
The total pension benefit obligation as of January 1, 1990 was $4,379,528. During the year, the Plan
experienced a net change of $146,793 in the pension benefit obligation.
E. Historical Trend Information
Ten -year historical trend information related to the pension plan is presented in the Relief Association's
annual financial report. The information is presented to enable the reader to assess the progress made
by the Plan in accumulating sufficient assets to pay pension benefits as they become due.
For the four years ended 1990, 1989, 1988, and 1987, respectively, available assets were sufficient to
fund 60.7 %, 57.9 %, 60.5% and 56.6% of the pension benefit obligation. Unfunded pension benefit
obligation represented 1,190.5 %, 1,028.5 %, 890.0% and 983.7% of the annual payroll for employees
covered by the Plan for 1990, 1989, 1988, and 1987, respectively. In addition, the City's contributions
to the Plan, all made in accordance with actuarially determined requirements, were 109.8%, 109.3%,
112.9% and 104.6% of annual covered payroll for 1990, 1989, 1988, and 1987, respectively.
-52-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 17 - DEFINED BENEFIT PENSION PLANS - POLICE RELIEF ASSOCIATION
(CONTINUED)
F. Related Party Investments
During 1990, the Association held no securities issued by the City or other related parties.
NOTE 18 - 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 creditors of the government in an amount equal to the fair market value of the
deferred account for each participant.
It is the opinion of management 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. Assets of the Plan are
reflected in these statements in an Agency Fund at market value.
NOTE 19 - COMMITMENTS AND CONTINGENCIES
A. Risk Management
Although the City carries insurance for current risks, there is no coverage maintained for possible losses
arising from occurrences in certain previous years. The City is not aware of any unreported or pending
claims which could have a material effect on the City. Existing litigation is discussed on the next page.
1 -53-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 19 - COMMITMENTS AND CONTINGENCIES (CONTINUED)
During 1989, the HRA was added to the City of Columbia Heights Workers' Compensation Policy. The
policy is a premium refund option plan which has an established minimum premium that both the City
and the HRA pay. The policy also has a maximum premium based on the number of claims and the cost
of the claims during the year. Under the terms of this policy, the potential cost to the HRA could be
significantly higher than the minimum premiums paid. The HRA is aware of no claims that would result
in additional premium payments at this time. In February 1991, the HRA purchased its own workers'
compensation policy which is not subject to the minimum/maximum premium provisions.
B. Litigation
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. However, the outcome of
these cases is unknown. It is not determinable at this time whether unfavorable settlements of the claims
will exceed insurance coverage. City management believes that the City will not incur any material
monetary loss relating to the cases. No loss has been recorded on the City's financial statements relating
to the claims.
C. Federal and State Funds
Amounts received or receivable from federal and state agencies are subject to agency audit and
adjustment. Any disallowed claims, including amounts already collected, may constitute a liability of the
applicable funds. The amount, if any, of funds which may be disallowed by the agencies cannot be
determined at this time although the HRA expects such amounts, if any to be immaterial. The HRA is
a subrecipient of Federal Community Development Block Grant (CDBG) funds (CDBG #14.219) which
pass through Anoka County. The U.S. Department of Housing and Urban Development (HUD) has
determined that approximately $10,000 of 1988 HRA expenditures for a downtown celebration were not
eligible for CDBG funding and has requested reimbursement from Anoka County. The HRA believes
that no reimbursement is due to the County since the County approved the expenditure.
In September 1990, the U.S. Department of Housing and Urban Development (HUD) approved funds
totaling $269,830 under the Comprehensive Improvement Assistance Program (CIAP) for modernization
projects at Parkview Villa. These funds are expected to be expended in 1991.
D. HRA Redevelopment Agreements
The HRA is asserting claims to 1990 tax increment deficiencies totaling approximately $91,500 from a
redeveloper pursuant to the terms of a 1987 private redevelopment agreement between the HRA and such
redeveloper. The HRA feels it may be forced to pursue litigation to collect such deficiencies.
Under the terms of an amended 1988 private redevelopment agreement between the HRA and a
redeveloper, such redeveloper was entitled to and was paid a payment of $60,000 of tax increment funds
collected in connection with a related tax increment district by December 1, 1990. In addition, the
agreement calls for additional payments of tax increment funds as follows:
-54-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Notes to Financial Statements (continued)
December 31, 1990
NOTE 19 - COMMITMENTS AND CONTINGENCIES (CONTINUED)
On or before December 1, 1991
On or before December 1, 1992
$10,000 plus $50,000 times the appli-
cable percentage as of January 2, 1991
$10,000 plus $50,000 times the appli-
cable percentage as of January 2, 1992
1 The applicable percentage is defined as a percentage equal to a fraction, the numerator of which is the
gross leasable area stated in square footage of that part of the office /retailing portion which is leased as
of the dated referenced, and the denominator of which is 90% of the gross leasable area stated in square
footage. Such tax increment funds have been and will be remitted to the HRA from the City of Columbia
Heights for payment to the redeveloper.
NOTE 20 - JOINT POWERS AGREEMENT
The City of Columbia Heights is a member of a Joint Powers Agreement, together with Independent
School District No. 13, which establishes the Columbia Heights and District No. 13 Recreation and
Community Services Commission. The Commission was created to conduct and supervise recreation
services and programs for public recreation in its broadest sense, including playgrounds, parks,
playfields, swimming pools, beaches, camps, indoor recreation centers; and any and all other recreation
activities. The City and the School are each entitled to appoint three members to the Commission. The
necessary expenses and operational budget for the purposes of the Commission are to be provided from
the funds of the City and the School District. Participation in the budget is to be equal between the two
entities. By mutual agreement of the parties, this agreement was ended December 31, 1990. In the
dissolution of the agreement, Independent School District No. 13 received the residual equity in the Early
Childhood and Family Education Fund, Adventure Club, and Adult Basic and Continuing Education
Fund. The City and the School District equally divided the residual equity of the Recreation
Administration Fund and the residual equity of the remaining funds will stay with the City.
GENERAL FUND
1 The Home Rule Charter of the City of Columbia Heights provides in Section 69, Subdivision (c): "A
General Fund for the support of such other funds and for the payment of such expenses of the City as
the Council may deem proper. Into this fund shall be paid all monies not herein provided to paid (sic)
into any other fund."
CITY OF COLUMBIA HEIGHTS, MINNESOTA
General Fund
Comparative Balance Sheet
As of December 31, 1990 and 1989
Assets
Cash and investments
Exhibit F -1
1990 1989
Cash and cash equivalents
$ 2,265,657 $
211,442
Temporary investments
351,799
4,457,961
Total cash and investments
2,617,456
4,669,403
Receivables
Accounts
12,844
60,924
Deferred special assessments
619,148
-
Taxes
Unremitted
16,609
25,387
Delinquent
81,891
79,005
Interest
96,532
95,253
Due from other governmental units
97,831
30,895
Due from other funds
9,406
9,977
Prepaid expense
1,162
-
Total assets
$ 3,552,879 $
4,970,844
Liabilities and Fund Balance
Liabilities
Accounts payable $ 58,289 $ 73,791
Contracts payable - retained percentage 3,200 -
Accrued salaries and withholdings payable 53,490 31,147
Due to other governmental units 115,943 49,155
Due to other funds 3,911 3,436
Deferred revenue 719,415 - 96,178
Total liabilities 954,248 253,707
Fund balance
Unreserved
Designated for subsequent years' expenditures 63,455 286,066
Designated for working capital 2,535,176 -
Undesignated - 4,431,071
Total fund balance 2,598,631 4,717,137
Total liabilities and fund balance $ 3.552.879 $ 4.970.844
-56-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
General Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Taxes
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Interest
Other revenue
Miscellaneous
Proceeds from sale of land
Other refunds
Total revenue
Expenditures
Current
General government
Council
Manager
Legal
Finance and elections
Assessing
Planning
General government buildings
Total general government
Public safety
Police /animal /civil defense
Fire
Inspections
_Total public safety
Public works highways and streets
Engineering
Maintenance
Total public works highways
and streets
Sanitation
Parks and recreation
Library
Contingencies
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources (uses)
Operating transfers in
Operating transfers (out)
Total other financing
sources (uses)
Excess (deficiency) of revenue
and other financing sources
over expenditures and other
financing uses
Fund balance
Beginning of year
Residual equity transfer
End of year
Exhibit F -2
170,813
1990
12,847
1989
229,868
221,877
anance
208,006
111,550
120,424
Favorable
98,924
Budget
Actual
(Unfavorable)
Actual
$ 2,339,056 $
2,067,469
$ (271,587) $
1,801,105
143,510
147,587
4,077
142,365
2,821,940
3,085,929
263,989
3,103,297
202,610
231,463
28,853
202,972
125,700
123,505
(2,195)
128,188
210,000
286,085
76,085
276,668
50,300
39,609
(10,691)
34,494
-
-
-
24,111
-
-
-
3,721
>
534,892
858,825
5,716,921
170,813
157,966
12,847
155,299
229,868
221,877
7,991
208,006
111,550
120,424
(8,874)
98,924
507,958
483,024
24,934
422,378
90,760
99,890
(9,130)
87,805
40,596
14,166
26,430
15,446
287,657
�1, 339,2
332,280
1,429,627
(44,61P
126 353
9,575
1,114:211-
1,783,195
1,709,827
73,368
1,537,391
783,794
711,959
71,835
631,291
141,684
129,757
11 927
135,020
>
2,303,702
302,780
270,338
32,442
250,926
556,045
492,304
63,741
534,892
858,825
762,642
96,183
785,818
130,553
184,627
(54,074)
122,304
841,024
661,566
179,458
653,115
388,222
368,363
19,859
333,188
300,000
3,072
8
296 9228
9,
372
1 ,4
6,666,49
5,961,440
(773,383)
20,207
793,590
400,881
314,203 299,357 (14,846) 267,463
(1,252,412) (2,480,719) (1,228,307) (459,374)
(938,209) (2,181,362) (1,243,153) (191,911)
(1,711,592) (2,161,155)
4,717,137 4,717,137
- 42,649
(449,563) 208,970
- 4,508,167
42,649 -
$ 3,005,545 $ 2,598,631 $ (406,914) $ 4,717,137
-57- 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
General Fund
Statement of Revenue - Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Taxes
Ad valorem
Penalties and interest
Total taxes
Licenses and permits
Licenses
Permits
Total licenses and permits
Intergovernmental
Federal grants
Civil defense
State grants
Local government aid
Property tax relief
Law officer training
Police Relief Association
Fire Relief Association
Other
County aid
Street maintenance
County grant
Total intergovernmental
Charges for services
General government
Library
Public safety
Public works
Parks
Total charges for services
Fines and forfeitures
Library
Public safety
Total fines and forfeitures
Other revenue
Interest earned on investments
Miscellaneous
Proceeds from sale of land
Other refunds
Total other revenue
Total revenue
1990
Variance
Favorable
Budget Actual (Unfavorable)
$ 2,332,056 $ 2,060,695 $ (271,361)
7,000 6.774 (226)
2,339,056 2,067,469 (271,587)
Exhibit F -3
1989
Actual
$ 1,793,793
7,312
1,801,105
69,010
85,307
16,297
72,404
74,500
62,280
(12,220)
69,961
143,510
147,587
4,077
142,365
4,100
4,108
8
4,598
2,073,880
2,074,028
148
2,329,860
550,000
804,276
254,276
574,045
8,000
9,200
1,200
8,586
106,500
112,488
5,988
106,585
61,400
59,058
(2,342)
61,563
-
53
53
-
18,060
18,060
-
18,060
-
4,658
4,658
-
2,821,940
3,085,929
263,989
3,103,297
33,060
35,379
2,319
25,330
3,500
4,339
839
3,874
81,850
82,150
300
82,067
29,800
55,198
25,398
40,508
54,400
54.397
(3)
51.193
202,610
231,463
28,853
202,972
5,000
7,253
2,253
5,524
120.700
116,252
(4,448)
122,664
125,700
123,505
(2,195)
128,188
210,000
286,085
76,085
276,668
26,300
38,880
12,580
34,494
18,000
-
(18,000)
24,111
6,000
729
(5,271)
3,721
260,300
325,694
65,394
338,994
$ 5,893,116 $ 5,981,647 $ 88,531 $ 5,716,921
-58-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
General Fund
Statement of Expenditures - Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Expenditures
General government
Council and manager
Council
Manager
Legal
Total council and manager
Administrative services
Finance
Elections
Assessing
Planning
General government buildings
kD Total administrative services
' Total general government
Public safety
Police
Fire
Inspections
Civil defense
Animal control
Total public safety
Public works highways and streets
Engineering
Streets
Street lighting
Traffic signs /signals
Sanitation Total public works highways and streets
Parks and recreation
Library
Contingencies
Total expenditures
Exhibit F -4
$ 6,666,499 $ 4,058,302 $ 1,447,970 455 168 $ 5,961,440 $ 705,059 $ 5,316,040
� r � � r r � r �■r � � r � � � r � � r
1990
1989
Actual
Supplies
Variance
Personal
and
Capital
Favorable
Budget
Services
Services
Outlay
Total
(Unfavorable)
Actual
$ 170,813
$ 98,207
$ 59,759
$ -
$ 157,966
$ 12,847 $
155,299
229,868
198,262
22,709
906
221,877
7,991
208,006
111.550
-
120.424
- -76
-
120,424
8 874
1
-- i3b�b3
-90b
- 5UU,267
,
413,156
309,863
58,020
37,522
405,405
7,751
406,879
94,802
24,326
2,053
51,240
77,619
17,183
15,499
90,760
47,377
52,176
337
99,890
(9,130)
87,805
40,596
-
14,166
-
14,166
26,430
15,446
287,657
4,345
138.2816
1
44 623
926
415 911
�
1,439202
71rHU
467,593
249,654
1,42§�,M
9,575
1,114,211
1,748,090
1,507,904
146,148
36,330
1,690,382
57,708
1,506,566
783,794
626,251
59,753
25,955
711,959
71,835
631,291
141,684
114,437
15,320
-
129,757
11,927
135,020
24,695
5,013
6,493
-
11,506
13,189
25,825
10,410
-
7,639
235,353
300
7,939
2 471
5,000
2,303,702
2,708,673
2,253,605
62,585
2,551,543
157:13
302,780
179,851
47,748
42,739
270,338
32,442
250,926
392,675
189,711
150,355
21,701
361,767
30,908
407,108
100,529
649
78,184
-
78,833
21,696
79,547
62 841
858 ' 825
18,569
388,780
30,182
306,469
2 953
67:393
51,704
11,137
48
762,642
96,183
785:818
130,553
81,522
103,105
-
184,627
(54,074)
122,304
841,024
388,277
204,126
69,163
661,566
179,458
653,115
388,222
233,738
128,252
6,373
368,363
19,859
333,188
300.000
-
3,072
-
3.072
296.928
3.702
$ 6,666,499 $ 4,058,302 $ 1,447,970 455 168 $ 5,961,440 $ 705,059 $ 5,316,040
� r � � r r � r �■r � � r � � � r � � r
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.
Municipal State Aid Fund - maintained according to State Statute for maintenance and
construction of streets or municipal State aid systems.
Cable Television Fund - established to account for revenues and expenditures associated with
cable television franchise.
Paratransit Fund - established by agreement with the Minnesota Department of Transportation to
account for the receipt of State grants and rider fees and expenditures for service.
Contributed Projects Fund - established to monitor contributions and related expenditures.
Recreation and Community Service Funds - governed by a commission established by an
agreement between the City and the Independent School District No. 13 School Board.
Housing and Redevelopment Authority Fund - created in 1969, assists the City in identifying its
needs in the areas of housing and community development. Programs provided by the HRA
include senior housing; rental assistance program; low interest home improvement loan and grant
program; and a single family mortgage program to low income families.
Assets
Cash and investments
Cash and cash equivalents
Temporary investments
Total cash and investments
Cash and investments in escrow
Receivables
Accounts
Taxes
Interest
Loans
Due from other governmental units
Due from other funds
Prepaid expense
Other assets
Real estate held for resale
0
01 Total assets
0
1 Liabilities and Fund Balance
Liabilities
Accounts payable
Contracts payable retained percentage
Accrued salaries and withholdings payable
Due to other governmental units
Due to other nums
Deferred revenue
Accrued interest payable
Deposits
Insurance and taxes in escrow
Other liabilities
Construction escrow
Total liabilities
Fund balance
Reserved
Unreserved
Designated for subsequent
yyears' expenditures
Undesignated
Total fund balance
Total liabilities
and fund balance
CITY OF COLUMBIA HEIGHTS, MINNESOTA Exhibit G -1
Special Revenue Funds
Combining Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Total
Recreation Housing
Municipal and and Totals
State Cable Contributed Community Redevelopment
Aid Television Paratransit Proiects Services Authority 1990 1989
$ - $ - $
- $ - $ - $
514,488 $
514,488 $
533,443
- 27 315
- 27;3I3
3 859 3 434 14 828
x ;$33 ,',$2$
-
49 436
7
�
-
- -
�� �
- - -
,
-
563'
-
81
153,025
- 14,404
6,075 - -
-
20,479
39,605
-
2,716
2,716
2,174
- 5,198
641 - -
583
6,422
8,292
423,806
423,806
403,662
149,176 2,944
260 - 107,409
58,814
318,603
121,075
- 164,100
23,186 20,550 -
339,958
547,794
145,259
- -
- - -
4,928
4,928
2,934
98,413 98,413 98,413
149,176 1_2L3,961 L_24,021 1_13,984 L 122 237 $ 1,443,706 $ 1,987,085 $ 1,547,620
$ - $ 1,080 $ 75 $ - $ 14,024 $ 245,544 $ 260,723 $ 33,180
6,849 - - - - _
6 - - - 3,318 8,116 11,440 9,1 0
3,000 - - - 21,888 24,888 12,584
102,941 - - - 104,895 113,670 321,506 151,800
- - - - 426,522 426,522 405,413
- - - - - 57,712 57,712 47,210
- 4,618 4,618 9,400
- 8,673 8,673 4,657
153 025
MT, 796 4,0$0 -75 - - 11L'Z37 3'f �;'T43
152,823 152,823 149,905
24,052 - - - - - 24,052 16,971
15,328 209881 33946 39, 88T b - 404140 x;877
$ 149,176 213 961 34 021 23 984 1 122,237 $ 1,443,706 $ 1,987,085 $ 1,547,620
M M M M M M M M M M M M M M M r M M M
Exhibit G -2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Special Revenue Funds
Combining Statement
of Revenue, Expenditures, and Changes in Fund Balance
Year Ended December 31 1990
(with Comparative Totals for Year Ended December 31, 1989)
Total
Recreation
Housing
Municipal
and
and
Totals
State
Cable Contributed
Community
Redevelopment
Aid
Television Paratransit Proiects
Services
Authority
1990
1989
Revenue
Taxes
$ -
$ - $ - $ -
$ -
$ 64,348
$ 64,348 $
29,382
Intergovernmental
452,434
- 23,415 -
313,544
215,555
1,004,948
706,524
Fees /program revenue
-
60,361 11,158 -
358,134
-
429,653
408,544
Interest
-
15,404 1,899 -
-
60,032
77,335
90,621
Private grants
-
- - -
-
-
-
8,361
Other revenue
Miscellaneous
606
5,380 - -
75
269,919
275,980
336,627
Contributions
-
- - 30 148
7.48
-
37,632
41,043
Total revenue
dlf
�ST,T�S - 3S;d7Z :148
- b7t3�i�7
X1554
�8$9;S9'b -
%S2i;fa'1
Expenditures
Parks and recreation
Personal services
-
- - -
619,724
-
619,724
579,583
Supplies
-
- - -
61,714
-
61,714
66,118
Other services and charges
-
- - -
104,915
-
104,915
102,034
Capital outlay
-
- - -
445
-
445
8,025
Other expenditures
-
- - -
66,934
-
66 934
-
Total parks and recreation
-
- - -
zS33, '732
-
- 953;737
-75 7Sa
Other
Personal services
25,940
- - -
-
235,333
261,273
225,257
Supplies
6,837
375 166 12,553
-
-
19,931
3,078
Other services and charges
31,779
589004 29,412 941
-
151,012
271,148
223,275
Capital outlay
144,796
774 - 13,283
-
374,705
533,558
333,816
i Other expenditures
-
- - -
-
209 101
209,U11
311,590
Total other
- 209,352
- 3i;i33 - 79:578 TI7
- 976,`i5i
- T,293�afI
Tb
Total expenditures
209.352
59.153 29.578 26.777
853.732
970.151
2.148.743
1.852,776
Excess (deficiency) of
revenue over expenditures
243,688
21,992 6,894 3,371
(174,495)
(360,297)
(258,847)
(231,674)
Other financing sources (uses)
Operating transfers in
-
- 5,000 -
132,484
346,665
484,149
138,395
Operating transfers (out)
Total financing
) -
-
-
47,712
3i 7)
(128,853)
other sources (uses)
-
) -
Excess (deficiency) of revenue and
other financing sources over
expenditures and other financing uses 243,688
(19,440) 5,614 3,371
(42,011)
(13,632)
1779590
(222,132)
Fund balance (deficit)
Beginning of year
(2049308)
229,321 28,332 17,634
71,303
570,595
712,877
924,658
Residual equity transfers
-
- - 2.979
(29,292)
-
(26.3131
10,351
End of year
$ 39,380
$ 209,881 $ 33,946 $ 23,984
$ -
$ 556,963
$ 864,154 $
712,877
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Municipal State Aid Street Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
State of Minnesota
Maintenance
Construction
Other revenue
Miscellaneous
Total revenue
Expenditures
Maintenance
Personal services
Supplies
Other services and charges
Capital outlay
Construction
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Excess of revenue
over expenditures
Other financing sources (uses)
Operating transfers in
Operating transfers (out)
Maintenance
Construction
Total other financing
sources (uses)
Excess (deficiency) of revenue
and other financing sources
over expenditures and other
financing uses
Fund balance (deficit)
Beginning of year
End of year
Exhibit G -3 I
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 90,000 $ 88,800 $ (1,200) $ 80,188
616,977 363,634 (253,343) 139,363
606 606 54,413
706,977 453,040 (253,937) 273,964
15,180
7,293
7,887
10,638
14,371
6,534
7,837
425
3,030
26,487
(23,457)
9,073
64,390
7,819
56,571
3,066
27,383
18,647
8,736
13,065
-
303
(303)
-
26,569
5,292
21,277
18,762
503,640
136,977
366,663
161,015
654,563
209,352
445,211
216,044
52,414
243,688
191,274
57,920
1,469
- - (64,611)
(17,095) - 17,095 -
(17,095) - 17,095 (63,142)
35,319 243,688 208,369 (5,222)
(204,308) (204,308) - (199,086)
$ (168,989) 1 39,380 $ 208,369 $ (204,308)
Lr:m
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Cable Television Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Franchise fees
Interest
Other revenue
Miscellaneous
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing uses
Operating transfer (out)
Excess (deficiency) of revenue over
expenditures and other financing uses
Fund balance
Beginning of year
Exhibit G-4
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 56,000 $ 60,361 $ 4,361 $ 58,885
8,500 15,404 6,904 17,901
5,380 5,380 83
64,500 81,145 16,645 76,869
1,104
2,400
375
2,025
2,374
54,905
58,004
(3,099)
8,977
39,900
774
39,126
2,447
97,205
59,153
38,052
14,902
(32,705)
21,992
54,697
61,967
(41,433) (41,432) 1 (39,689)
(74,138) (19,440) 54,698 22,278
229,321 229,321 - 207,043
End of year 155,183 209,881 $ 54,698 229,321
-63-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Paratransit Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Exhibit G -5 I
Fund balance
Beginning of year 28,332 28,332 - 22,785
End of year 24 900 33 946 $ 9,046 28,332
M
1990
1989
Variance
Favorable
Budget
Actual
(Unfavorable)
Actual
Revenue
Intergovernmental
$ 23,523
$ 23,415
$ (108)
$ 21,420
Interest
-
1,899
1,899
1,465
Paratransit fares
9,500
11,158
1,658
10,282
Total revenue
33,023
36,472
3,449
33,167
Expenditures
Supplies
900
166
734
-
Other services and charges
33,640
29,412
4,228
31,268
Total expenditures
34,540
29,578
4,962
31,268
Excess (deficiency) of
revenue over expenditures
(1,517)
6,894
8,411
1,899
Other financing sources (uses)
Operating transfers in
5,000
5,000
-
10,000
Operating transfers (out)
(6,915)
(6,280)
635
(6,352)
Total other financing sources (uses)
(1,915)
(1,280)
635
3,648
Excess (deficiency) of revenue and
other financing sources over expen-
ditures and other financing uses
(3,432)
5,614
9,046
5,547
Fund balance
Beginning of year 28,332 28,332 - 22,785
End of year 24 900 33 946 $ 9,046 28,332
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Demonstration Grant Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Expenditures
Supplies
Other services and charges
Total expenditures
Excess of revenue over expenditures
Other financing uses
Operating transfers (out)
Excess (deficiency) of revenue over
expenditures and other financing uses
Fund balance
Beginning of year
Residual equity transfers
End of year
Exhibit G-6
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
-65-
$ 5,406
- 27
- 125
- 152
- 5,254
(18,201)
- (12,947)
2,092
10.855
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Contributed Projects
Comparative Statement of Revenue, Expenditures, and
Changes in Fund Balance
Years Ended December 31, 1990 and 1989
Revenue
Contributions
Expenditures
Supplies
Other services and charges
Capital outlay
Total expenditures
Excess of revenue over expenditures
Fund balance
Beginning of year
Residual equity transfers
End of year
10
Exhibit G -7
1990 1989
$ 30,148 $ 18,485
12,553 252
941 -
13,283 599
26.777 851
3,371 17,634
17,634 -
2,979 -
23,984 $ 17,634
Exhibit G -8
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Recreation and Community Services Funds
Combining Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Recreation
and
Trips
Totals
Community
Youth
Traveling
and
Senior
Adventure
Adult
Special
Services
Athletics
Athletics
Outings
Citizens
ECFE
Club
ABCE
Athletics
Prois
1990
1989
Assets
Cash and investments (deficit)
Temporary investments
$10,863
$140
$ -
$ 166
$ 610
$ -
$2,571
$ -
$ 478
$ -
$ 14,828
$(24,139)
Accounts receivable
-
_
_
_
_
_
-
_
-
_
_
25,296
Due from other governmental units
-
_
106.369
-
1.040
107.409
86.079
Total assets
10 863
Ll 40
L.-
166
Lk.1 0
106 369
U.571
IL040
478
122 237
87 236
Liabilities and Fund Balance
Liabilities
i Accounts payable
$ 9,203
$ -
$ -
$ 166
$ 106
$ 2,071
$2,000
$ -
$ 478
$ -
$ 14,024
$ 13,202
Accrued salaries and
withholdings payable
1,660
140
-
-
504
443
571
-
-
-
3,318
2,731
Due to other funds
-
-
-
-
-
103.855
-
1.040
-
-
104.895
Total liabilities
10,863
140
166
610
106,369
2,571
1,040
478
122,237
15,933
Fund balance
Unreserved
Undesignated
-
-
-
-
_
-
71.303
Total liabilities
and fund balance
LL60
610
106 369
2 571
&(140
478
122 237
87 236
Revenue
Intergovernmental
Program revenue
Private grants
Miscellaneous
Contributions
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Capital outlay
Contingencies
ODTotal expenditures
Excess (deficiency)
of revenue over
expenditures
Other financing sources
Operating transfers in
Excess (deficiency)
of revenue and
other financing
sources over
expenditures
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
Exhibit G -9
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Recreation and Community Services Funds
Combining Statement of Revenue, Expenditures, and Changes in Fund Balance
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Recreation
2,323
(1,023)
2,691 (22,734) (16,015) (5,495)
20,831 (102)
(125)
4,002
2,620 22,734 16,015 5,495
(3.316) 885
(2.1981
(2.979)
(5.311) - -
and
I---
Trips
Totals
Community
Youth
Traveling
and
Senior
Adventure
Adult
Special
Services
Athletics
Athletics
Outings
Citizens
ECFE
Club
ABCE
Athletics
Projects
1990
1989
$108,118
$ 2,045
$ 1,273
$ -
$ 5,170
$183,530
$ -
$13,408
$ -
$ -
$ 313,544
$ 255,572
63,443
28,491
4,398
26,604
3,205
10,470
197,362
-
22,661
1,500
358,134
339,377
-
-
-
-
-
-
-
-
-
-
-
8,361
75
-
-
-
-
-
-
-
-
-
75
2,935
976
6.508
7.484
22.558
171,636
30,536
5,671
26,604
9,351
194,000
197,362
13,408
22,661
8,008
679,237
628,803
219,263
20,288
3,462
-
37,218
185,565
138,971
9,377
5,580
-
619,724
579,583
28,121
28
-
348
2,803
9,213
20,047
836
318
-
61,714
66,118
28,242
3,503
3,928
27,279
3,845
9,545
8,376
3,196
9,001
8,000
104,915
102,034
175
-
-
-
-
270
-
-
-
-
445
8,025
3.316
-
-
-
12.141
45.983
5.494
-
-
66.934
-
279.117
23.819
7.390
27,627
43.866
216,734
213.377
18.903
14.899
8,000
853.732
755.760
(107,481)
6,717
(1,719)
(1,023)
(34,515)
(22,734)
(16,015)
(5,495)
7,762
8
(174,495)
(126,957)
89.966
1.270
4,042
37,206
-
-
-
-
132,484
126.926
(17,515) 7,987
2,323
(1,023)
2,691 (22,734) (16,015) (5,495)
20,831 (102)
(125)
4,002
2,620 22,734 16,015 5,495
(3.316) 885
(2.1981
(2.979)
(5.311) - -
I---
L
7,762 8 (42,011) (31)
(159) (8) 71,303 71,334
(7.603) _99..292) -
71 303
CITY OF COLUMBIA HEIGHTS, MU4NESOTA
Recreation and Community Services Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Program revenue
Other revenue
Miscellaneous
Contributions
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Capital outlay
Contingencies
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfers in
Excess (deficiency) of revenue and other
financing sources over expenditures
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
Exhibit G -10
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 105,985 $ 108,118 $ 2,133 $ 94,081
74,922
63,443
(11,479)
76,579
-
75
75
-
6.300
180,907
171,636
(9,271)
176,960
246,404
219,263
27,141
215,858
24,400
28,121
(3,721)
27,528
28,243
28,242
1
27,186
-
175
(175)
1,700
12.000
3.316
8,684
-
311,047
279.117
31.930
272,272
(130)140)
(107,481)
22,659
(95,312)
89.966
89,966
-
91.111
(40,174)
(17,515)
22,659
(4,201)
5:501
20,831 20,831 - 25,032
- (3,316) (3,316) -
(19,343) - $ (19,343 1 20 831
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Youth Athletics Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Program revenue
Other revenue
Contributions
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfer in
Excess (deficiency) of revenue
and other financing sources
over expenditures
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
Exhibit G -11
-70-
1,270 1,270 - -
944 7,987 7,043 (102)
(102) (102) - -
(7,885) (7,885) -
842 $ (842) $ (102)
1990
1989
Variance
Favorable
Bud -yet
Actual
(Unfavorable)
Actual
$ -
$ 2,045
$ 2,045 $
-
22,760
28,491
5,731
20,448
-
-
-
2,000
22,760
30,536
7,776
22,448
21,811
20,288
1,523
19,248
75
28
47
268
1,200
3,503
(2,303)
3,034
23,086
23,819
(733)
22,550
(326)
6,717
7,043
(102)
-70-
1,270 1,270 - -
944 7,987 7,043 (102)
(102) (102) - -
(7,885) (7,885) -
842 $ (842) $ (102)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Traveling Athletics Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Program revenue
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfers in
Excess (deficiency) of revenue
and other financing sources
over expenditures
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
Exhibit G -12
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ - $ 1,273 $ 1,273 $ 4,880
5,800 4,398 (1,402) 2,275
5,800 5,671 (129) 7,155
5,296 3,462 1,834 3,494
- - - 126
4,317 3,928 389 8,540
9,613 7,390 2,223 12,160
(3,813) (1,719) 2,094 (5,005)
4,042 4,042 - 4,880
229 2,323 1 2,094 (125)
(125) (125) - -
(2,198) _ (2,198) -
$ 104 $ (104) 125
-71-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Trips and Outings Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Program revenue
Expenditures
Supplies
Other services and charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance
Beginning of year
Residual equity transfers
End of year
Exhibit G -13
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 21,750 $ 26,604 $ 4,854 $ 18,204
100 348
(248)
269
21,650 27,279
(5,629)
17,934
21,750 27,627
(5,877)
18,203
- (1,023)
(1,023)
1
-72-
4,002 4,002 - 4,001
(2,979) (2,979) -
4 002 L- $ (4,002) 4,002
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Senior Citizens Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Program revenue
Other revenue
Contributions
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Capital outlay
Contingencies
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfers in
Excess (deficiency) of revenue
and other financing sources
over expenditures
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
Exhibit G -14
(472) 2,691 3,163 1,064
2,620 2,620 - 1,556
- (5,311) (5,311) -
1---2,.148 $ (2,148) 2 620
-73-
1990
1989
Variance
Favorable
Budget
Actual
(Unfavorable)
Actual
$ 5,170
$ 5,170
$ -
$ 6,595
600
3,205
2,605
2,524
-
976
976
1,099
5,770
9,351
3,581
10,218
35,758
37,218
(1,460)
31,040
1,900
2,803
(903)
2,810
4,515
3,845
670
5,988
-
-
-
251
1,275
-
1,275
-
43,448
43,866
(418)
40,089
(37,678)
(34,515)
3,163
(29,871)
37,206
37,206
-
30,935
(472) 2,691 3,163 1,064
2,620 2,620 - 1,556
- (5,311) (5,311) -
1---2,.148 $ (2,148) 2 620
-73-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Early Childhood and Family Education (ECFE) Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Program revenue
Private grants
Other revenue
Contributions
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Capital outlay
Contingencies
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance (deficit)
Beginning of year
End of year
Exhibit G -15
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 109,688 $ 183,530 $ 73,842 $ 131,947
4,769
10,470
5,701
10,431
46,747
-
(46,747)
8,361
-
-
-
4,459
161,204
194,000
32,796
155,198
203,394
185,565
17,829
139,253
12,652
9,213
3,439
8,811
15,234
9,545
5,689
6,517
7,600
270
7,330
835
-
12,141
(12,141)
-
238,880
216,734
22,146
155,416
(77,676)
(22,734)
54,942
(218)
22,734
22,734
-
22,952
(54,942 $
-
$ 54,942
22,734
IM,a
Exhibit G -16
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Adventure Club Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
Revenue
Program revenue $ 213,222 $ 197,362 $ (15,860) $ 193,959
Expenditures
Personal services
170,708
138,971
31,737
155,142
Supplies
27,950
20,047
7,903
25,004
Other services and charges
14,030
8,376
5,654
10,829
Capital outlay
-
-
-
5,239
Contingencies
-
45,983
(45,983)
-
Total expenditures
212,688
213,377
(689)
196,214
Excess (deficiency) of
revenue over expenditures
534
(16,015)
(16,549)
(2,255)
Fund balance (deficit)
Beginning of year
16,015
16,015
-
18,270
End of year
I--L6.,549
-
$ (16,549)
16 015
-75-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Adult Basic and Continuing Education (ABCE) Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Private grants
Other revenue
Miscellaneous
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Contingencies
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance (deficit)
Beginning of year
End of year
Exhibit G -17
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 19,422 $ 13,408 $ (6,014) $ 18,069
9,145 - (9,145) -
- - - 1,788
28,567 13,408 (15,159) 19,857
14,805
9,377
5,428
10,980
9,800
836
8,964
974
4,008
3,196
812
620
-
5,494
(5,494)
-
28,613
18,903
9,710
12,574
(46)
(5,495)
(5,449)
7,283
5,495
5,495
-
(1,788)
L__5,.449
$ (5,449)
$ 5,495
-76-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Adult Athletics Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Program revenue
Expenditures
Personal services
Supplies
Other services and charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
Exhibit G -18
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 16,855 $ 22,661 $ 5,806 $ 14,684
4,630
5,580
(950)
4,357
670
318
352
285
11,360
9,001
2,359
10,201
16,660
14,899
1,761
14,843
195
7,762
7,567
(159)
-77-
(159) (159) - -
- (7,603) (7,603) -
36 - $ (36) 159)
CITY OF COLUMBIA HEIGHTS
Special Projects Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance
Years Ended December 31, 1990 and 1989
Revenue
Program revenue
Other revenue
Miscellaneous
Contributions
Total revenue
Expenditures
Personal services
Supplies
Other services and charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance (deficit)
Beginning of year
End of year
-78-
Exhibit G -19
1990 1989
$ 1,500 $ 273
- 1,147
6,508 8,700
8,008 10,120
211
- 43
8,000 11,185
8,000 11,439
8 (1,319)
(8) 1,311
$ - $ (8)
Assets
Cash and investments
Cash and cash equivalents
Cash and investments in escrow
Receivables
Taxes
Accounts
Interest
Loans
Due from other governmental units
Due from other funds
Prepaid expenses
Real estate held for resale
i
i
Total assets
Liabilities and Fund Equity
Liabilities
Accounts payable
Insurance and taxes in escrow
Construction escrow account
Deposits
Accrued salaries and withholdings payable
Due to other governmental units
Due to other funds
Deferred revenue
Accrued interest payable
Total liabilities
Fund equity
Fund balance
Reserved for community development
Unreserved
Undesignated
Total fund equity
Total liabilities and fund equity
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Housing and Redevelopment Authority Funds
Combining Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Exhibit G -20
680 696 $ 578,580 $ 102,342 $ 82,088 $ 1,443,706 $ 1,371,094
$ 24,345 $ 199,559 $ 4,466 $ 17,174 $ 245,544 $ 15,680
5,597 3,076 - - 8,673 4,657
153,025
200 4,418 - 4,618 4,000
6,640 - 1,476 - 8,116 6,130
71593 - 14,295 - 21,888 12,584
57,468 28,192 3,114 24,896 113,670 151,800
288,324 138,198 - - 426,522 405,413
57,712 - 57,712 47,210
389 K),481 42,0M 886,743 tSUU,499
151,450 1,373 - - 152,823 149,905
139279 207 982 16,861
290!729 i ',6i$ ____ 404,140 .1576,393
1--M.,-6-9-6 $ 578,580 $ 102,342 $ 82,088 $ 1,443,706 $ 1,371,094
HRA Special Revenue
Totals
o a
County
Community
HRA
Downtown
Low Income
Development
General
Development
Housing
Block Grant
1990
1989
$ 350,808
$ 60,314
$ 94,658
$ 8,708 $
514,488 $
533,443
-
-
-
-
-
153,025
2,716
-
-
-
2,716
2,174
308
-
275
-
583
333
1,625
285,608
138,198
-
-
423,806
403,662
10,029
-
-
48,785
58,814
30,226
29,748
281,294
4,321
24,595
339,958
145,259
1,479
361
3,088
-
4,928
2,934
-
98.413
-
- _
98,413
98.413
680 696 $ 578,580 $ 102,342 $ 82,088 $ 1,443,706 $ 1,371,094
$ 24,345 $ 199,559 $ 4,466 $ 17,174 $ 245,544 $ 15,680
5,597 3,076 - - 8,673 4,657
153,025
200 4,418 - 4,618 4,000
6,640 - 1,476 - 8,116 6,130
71593 - 14,295 - 21,888 12,584
57,468 28,192 3,114 24,896 113,670 151,800
288,324 138,198 - - 426,522 405,413
57,712 - 57,712 47,210
389 K),481 42,0M 886,743 tSUU,499
151,450 1,373 - - 152,823 149,905
139279 207 982 16,861
290!729 i ',6i$ ____ 404,140 .1576,393
1--M.,-6-9-6 $ 578,580 $ 102,342 $ 82,088 $ 1,443,706 $ 1,371,094
Exhibit G -21
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Housing and Redevelopment Authority Funds
Combining Statement of Revenue, Expenditures, and Changes in Fund Balance
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
HRA Special Revenue
Totals
Anoka
County
Community
HRA
Downtown
Low Income
Development
General
Development
Housing
Block Grant
1990
1989
Revenue
Taxes
$ 64,348
$ -
$ -
$ -
$ 64,348
$ 29,382
Intergovernmental
57,180
-
2,576
155,799
215,555
204,575
Interest
49,031
2,227
8,113
661
60,032
71,255
Other revenue
Rents
-
11,600
201,560
-
213,160
189,247
Reimbursements /contributions
-
39,649
-
-
39,649
65,281
Miscellaneous
9,286
1,929
4,895
1,000
17,110
24 668
Total revenue
�,$�
�5,4W
�i"dd
-x,$34
a$
Expenditures
Personal services
Administration
171,598
17,836
42,627
3,272
235,333
200,450
Other services and charges
Utilities and maintenance operations
-
-
151,012
-
151,012
155,070
i Capital outlay
o Property acquisitions /capital improvements
2,841
338,495
33,369
-
374,705
166,689
i Other expenditures
Relocation assistance
-
41
-
-
41
10,610
Legal
-
9,752
-
-
9,752
12,036
Interest expense
-
-
10,503
-
10,503
11,182
Loans and grants
13,593
18,550
-
126,442
158,585
220,198
Miscellaneous
-
3,278
-
26,942
30,220
40,892
Residual receipts payments
-
-
-
-
-
16.672
Total expenditures
i$$_b 'i
57
- '373ii
6T5b
;13i
X799
Excess (deficiency) of revenue over expenditures
(8,187)
(332,547)
(20,367)
804
(360,297)
(249,391)
Other financing sources
Operating transfer in
-
346,665
-
-
346,665
-
Excess (deficiency) of revenue and other
financing sources over expenditures
(8,187)
14,118
(20,367)
804
(13,632)
(249,391)
Fund balance
Beginning of year
298,916
195,237
37,228
39,214
570,595
819,986
End of year
LIL0,729
$ 209,355
$ 16,861
$ 40,018
$ 556,963
$ 570,595
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Housing and Redevelopment Authority General Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Taxes
Intergovernmental
Interest
Other revenue
Reimbursements /contributions
Miscellaneous
Total revenue
Expenditures
Administration
Property acquisitions /capital improvements
Loans made
Miscellaneous expenses
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance (deficit)
Beginning of year
End of year
Exhibit G -22 I
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 65,204 $ 64,348 $ (856) $ 29,382
63,348
57,180
(6,168)
55,182
48,921
49,031
110
36,733
16,493
-
(16,493)
-
400
9,286
8,886
20,793
194,366
179,845
(14,521)
142,090
191,559
171,598
19,961
152,355
2,540
2,841
(301)
475
-
13,593
(13,593)
185,000
267
-
267
318
194,366
188,032
6,334
338,148
(8,187) (8,187) (196,058)
298,916 298,916 - 494,974
298 916 290 729 $ (8,187) $ 298,916
-81-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Housing and Redevelopment Downtown Development Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance
Years Ended December 31, 1990 and 1989
Revenue
Interest
Other revenue
Rents
Reimbursements /contributions
Miscellaneous
Total revenue
Expenditures
Administration
Property acquisitions /capital improvements
Relocation assistance
Legal
Loans and grants
Miscellaneous
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfer in
Excess (deficiency) of revenue and
other financing sources over expenditures
Fund balance
Beginning of year
End of year
-82-
Exhibit G -23
1990 1989
$ 2,227 $ 23,772
11,600 -
39,649 65,281
1,929 1,500
55,405 90,553
17,836
3,146
338,495
99,727
41
10610
9,752
12,036
18,550
-
3,278
727
387,952
126,246
(332,547) (35,693)
346,665 -
14,118 (35,693)
195,237 230,930
$ 209,355 $ 195,237
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Housing and Redevelopment Authority Low Income Housing Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Intergovernmental
Interest
Other revenue
Rents
Miscellaneous
Total revenue
Expenditures
Administration
Utilities and maintenance operations
Property acquisitions /capital improvements
Interest expense
Residual receipt payments
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance
Beginning of year
End of year
Exhibit G -24 I
-83-
37,228 37,228 - 63,732
14 568 1 6 861 $ 2,293 37,229
1990
1989
Variance
Favorable
Budget
Actual
(Unfavorable)
Actual
$ 2,500
$ 2,576
$ 76
$ 2,815
7,990
8,113
123
10,276
194,080
201,560
7,480
189,247
2,400
4.895
2.495
2,375
206,970
217,144
10,174
204,713
42,570
42,627
(57)
37,263
154,750
151,012
3,738
155,070
32,310
33,369
(1,059)
11,030
-
10,503
(10,503)
11,182
-
-
-
16,672
229.630
237,511
(7,881)
231,217
(22,660)
(20,367)
2,293
(26,504)
-83-
37,228 37,228 - 63,732
14 568 1 6 861 $ 2,293 37,229
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Housing and Redevelopment Authority
Anoka County Community Development Block Grant
Statement of Revenue, Expenditures, and Changes in Fund Balance
Years Ended December 31, 1990 and 1989
Revenue
Intergovernmental
Interest
Miscellaneous
Total revenue
Expenditures
Administration
Loans and grants
Property acquisitions /capital improvements
Miscellaneous
Total expenditures
Excess (deficiency) of
revenue over expenditures
Fund balance
Beginning of year
End of year
-84-
Exhibit G -25
1990 1989
$ 155,799
661
1,000
157,460
3,272
126,442
26,942
156,656
804
$ 146,578
474
147,052
7,686
35,198
55,457
39,847
138,188
8,864
39,214 30,350
$ 40,018
$ 39,214
DEBT SERVICE FUNDS
' Debt Service Funds are used to account for the collection of tax levies and other revenues and to record
the payment of principal and interest on outstanding general obligation bonds.
Exhibit H -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Debt Service Funds
Combining Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Special
Capital
Assessment
Tax Tax
Tax Tax Increment Tax Increment
Appreciation Totals
Refunding
Increment Increment
Increment Refunding Taxable
Bonds
Bonds of 1987
Bonds of 1980 Bonds of 1984
Bonds of 1985 Bonds of 1987 Bonds of 1987
of 1990 1990
1989
Assets
Cash and investments
Temporary investments
$ 1,179,412
$ 2,117,510 $ -
$ - $ - $ -
$ - $ 3,296,922
$ 3,725,023
Deposited with fiscal agents
-
57,943 -
-
57,943
9,185
Total cash and
investments
1,179,412-
2,175,453 -
- - -
- 3,354,865
3,734,208
Cash and investments in escrow
-
- -
- 1,800,000 -
- 1,800,000
8,863,500
Receivables
Special assessments
Unremitted
-
- -
_ _ _
- -
1,069
co Delinquent
109,928
- -
- - -
- 109,928
97,030
to Deferred
591,415
- -
- - -
- 591,415
1,282,047
Taxes
Unremitted
-
3,847 -
- - -
- 3,847
-
Delinquent
-
219,256 -
- - -
- 219,256
61,120
Interest
31,453
43,480 -
- -
74,933
85,557
Total assets
$ 1,912,208
L_2,442 ,036 $ -
$ - $ 1,800,000 $ -
$ - $ 6,154,244
$ 14,124,531
Liabilities and Fund Equity
Liabilities
Deferred revenue
Property taxes - delinquent
$ -
$ 219,256 $ -
$ - $ - $ -
$ - $ 219,256
$ 61,120
Special assessments
701,343
- -
- - -
- 701,343
1,379,077
Due to other governmental units
-
- -
- - -
- -
9,218
Accrued interest payable
-
57.943 -
- -
57,943
9,185
Total liabilities
701,343
277,199 -
- - -
- 978,542
1,458,600
Fund equity
Fund balance
Designated for debt service
1,210,865
2.164.837 -
- 1,800,000 -
5,175,702
12,665,931
Total liabilities
and fund equity
$ 1.912,208
$ 2,442.036 $ -
$ - $ 1.800,000 $
$ 1__§154..244
$ 14,124,531
Revenue
Tax increments
Special assessments
Intergovernmental
Interest
Other revenue
Total revenue
Expenditures
Debt service
Principal payment
Interest and focal charges
Miscellaneous
Total expenditures
Excess (deficiency)
of revenue over
expenditures
Other financing sources (uses)
Bond proceeds
I Bond retirements
Operating transfers in
I Operating transfers (out)
Total other financing
sources (uses)
Excess (deficiency) of
revenue and other
financing sources
over expenditures
and other
financing uses
Fund balance
Beginning of year
Residual equity transfers
End of year
Exhibit H -2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Debt Service Funds
Combining Statement of Revenue, Expenditures, and Changes in Fund Balance
Year ended December 31, 1990
(with Comparative Totals as of December 31, 1989)
Special
Capital
Housing and
Assessment
Tax
Tax
Tax
Tax Increment
Tax Increment
Appreciation
Redevelopment
Totals
Refunding
Increment
Increment
Increment
Refunding
Taxable
Bonds
Authority Debt
Bonds of 1987
Bonds of 1980
Bonds of 1984
Bonds of 1985
Bonds of 1987
Bonds of 1987
of 1990
Service
1990
1989
$ -
$ 1,084,158
$
$
$ $
$
$
$ 1,084,158
$ 1,009,449
368,044
95,366
463,410
736,662
-
5,236
5,236
205,099
93,216
128,860
370,396
83,733
676,205
862,517
23,302
8,490
31,792
5,463
484,562
1,322,110
370,396
83,733
2,260,801
2,819,190
265,000
350,000
115,000
50,000
-
-
780,000
715,000
98,402
447,213
57,117
163,496
619,465
97,992
40,931
70,65 0
1,595,266
1,684,343
4,845
89,289
94,134
368,247
886,502
172,117
213,496
619,465
97,992
40,931
70,650
2,469,400
2,399,343
116,315
435,608
(172,117)
(213,496)
(249,069)
(97,992)
(40,931)
13,083
(208,599)
419,847
2,363,724
2,400,000
4,763,724
-
(6,925,000)
-
-
-
-
-
(2,400,000)
(9,325,000)
-
7,063,500
172,117
213,496
93,136
97,992
13,083
7,653,324
498,218
(387,785)
(576,741)
(7,063,500
(2,335,87q
(13,083)
(10,376,98
(1,251.50A
(387.78A
(438.24D
172,117
213,496
(6,970,360
97,992
40,931
(13,083)
(7,284,9371
(753,2831
(271,470) (2,633) (7,219,433) (7,493,536) (333,436)
1,482,335 2,164,163 9,019,433 - 12,665,931 -
3,307 3,307 12,999,367
$ 1,210.865 1 2,164,837 S S $ 1,800,000 $ 5,175,70 65931 ,
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Special Assessment Refunding Bonds of 1987 Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Special assessments
Interest
Other revenue
Miscellaneous
Total revenue
Expenditures
Debt service
Principal payment
Interest and fiscal charges
Miscellaneous
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources (uses)
Operating transfers in
Operating transfers (out)
Total other financing
sources (uses)
Excess (deficiency) of revenue
and other financing sources
over expenditures and other
financing uses
Fund balance (deficit)
Beginning of year
End of year
Exhibit H -3
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ - $ 368,044 $ 368,044 $ 641,297
93,216 93,216 119,983
23,302 23,302 -
484,562 484,562 761,280
265,000 265,000 - 260,000
99,440 98,402 1,038 113,408
- 4,845 (4,845 -
364,440 368,247 (3,807) 373,408
(364,440) 116,315 480,755 387,872
364,440 - (364,440) -
- (387,785) (387,785) (753,283)
364,440 (387,785) (752,225) (753,283)
- (271,470) (271,470) (365,411)
1,482,335 1,482,335 - 1,847,746
$ 1,482,335 L1,210.,865 $ (271,470) $ 1,482,335
-87 -.
Exhibit H-4
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' Tax Increment Bonds of 1980 Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
' Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
1990
1989
Variance
Favorable
Budget Actual
(Unfavorable)
Actual
Revenue
Tax increments $ 1,308,300 $ 1,084,158
$ (224,142)
$ 1,009,449
Special assessments 95,366 95,366
-
-
Intergovernmental 200,000 5,236
(194,764)
205,099
Interest 128,860
128,860
128,521
Other revenue
Proceeds from sales of land - 6,010
6,010
5,463
Miscellaneous - 2,480
2,480
-
'
Total revenue 1,603,666 1,322,110
(281,556)
1,348,532
Expenditures
Debt service
Principal payment
Interest and fiscal charges
Miscellaneous
Redevelopment tax increment
Multi -use redevelopment plan
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources (uses)
Bond retirements
Operating transfers in
Operating transfers (out)
Total other financing
sources (uses)
Excess (deficiency) of
revenue and other
financing sources over
expenditures and other
financing uses
Fund balance (deficit)
Beginning of year
Residual equity transfers
End of year
350,000 350,000 - 300,000
440,475 447,213 (6,738) 613,704
- 60,000 (60,000) -
- 29,289 (29,289) -
790,475 886,502 (96,027) 913,704
813,191 435,608 (377,583) 434,828
(6,925,000) (6,925,000) - -
7,219,433 7,063,500 (155,933) -
(738,468) (576,741) 161,727 (498,218)
(444,035) (438,241) 5,794 (498,218)
369,156 (2,633) (371,789) (63,390)
2,164,163 2,164,163 - 2,227,553
- 3,307 3,307 -
$ 2,533,319 $ 2,164,837 $ (368,482) $ 2,164,163
-88-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Tax Increment Bonds of 1984 Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Expenditures
Debt service
Principal payment
Interest and fiscal charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfers in
Excess of revenue and
other financing sources
over expenditures
Fund balance
Beginning of year
End of year
Exhibit H -5
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ 115,000 $ 115,000 $ - $ 105,000
58,355 57,117 1,238 68,602
173,355 172,117 1,238 173,602
(173,355) (172,117) 1,238 (173,602)
173,355 172,117 (1,238) 173,602
-89-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Tax Increment Bonds of 1985 Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Expenditures
Debt service
Principal payment
Interest and fiscal charges
Total expenditures
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfers in
Excess of revenue and
other financing sources
over expenditures
Fund balance
Beginning of year
End of year
Exhibit H-6
1990 1989
Variance
Favorable
Bud -get Actual (Unfavorable) Actual
$ 50,000 $ 50,000 $ - $ 50,000
165,640 163,496 2,144 169,191
215,640 213,496 2,144 219,191
(215,640) (213,496) 2,144 (219,191)
215,640 213,496 (2,144) 219,191
.1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Tax Increment Refunding Bonds of 1987 Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Revenue
Special assessments
Interest from escrow
Total revenue
Expenditures
Debt service
Interest and fiscal charges
Excess (deficiency) of
revenue over expenditures
Other financing sources (uses)
Operating transfers in
Operating transfers (out)
Total other financing
sources (uses)
Excess (deficiency) of revenue
and other financing sources
over expenditures and other
financing uses
Fund balance
Beginning of year
End of year
Exhibit H -7
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
$ - $ - $ - $ 95,365
369,540 370,396 856 614,013
369,540 370,396 856 709,378
620,827 619,465 1,362 620,686
(251,287) (249,069) 2,218 88,692
250,333 93,136 (157,197) 6,673
(7,219,433) (7,063,500) 155,933 -
(6,969,100) (6,970,364) (1,264) 6,673
(7,220,387) (7,219,433) 954 95,365
9,019,433 9,019,433 - 8,924,068
$ 1,799,046 $ 1,800,000 $ 954 $ 9,019,433
-91-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Tax Increment Taxable Bonds of 1987 Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance -
Budget (GAAP Basis) and Actual
Year Ended December 31, 1990
(with Comparative Actual Amounts for Year Ended December 31, 1989)
Expenditures
Debt service
Interest and fiscal charges
Excess (deficiency) of
revenue over expenditures
Other financing sources
Operating transfers in
Excess of revenue and
other financing sources
over expenditures
Fund balance
Beginning of year
End of year
Exhibit H -8
1990 1989
Variance
Favorable
Budget Actual (Unfavorable) Actual
99,14 97,992 $ 1,148 98,752
(99,140) (97,992) 1,148 (98,752)
-92-
99,140 97,992 (1,148) 98,752
-
CAPITAL PROJECT FUNDS
' Capital Project Funds are maintained to account 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 Federal grants, etc.
Exhibit I -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Capital Project Funds
Combining Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Capital
Improve -
Capital
Water
Downtown
Sullivan
Murzyn
ment
Capital
Huset
Capital
Improve -
Capital
Surface
Land
Columbia Late
Capital
Capital Hail
Govern-
Improve-
Park
Improve-
ment
Improve-
Manage-
Senior
Aquisi-
Park Develop-
Improve-
Improve- Renovs-
ment
ment
Hazardous
ment
Replace-
ment
went
Housing
tion
Clinic ment
ment
ment tion
Building
Parks
Cleanup
Projects
ment
Totals
Fund 401
Fund 403
Fund 404
Fund 405
Fund 406 Fund 407
Fund 408
Fund 409 Fund 410
Fund 411
Fund 412
Fund 413
Fund 415
Fund 431
1990
1989
Assets
Cash and temporary investments
$ - S
20,971
S 2,268,997
S 85,900
S - S - $
5,931
S - $ - S
247,221
S 332,895
S 32,059
S 112,561
$ 2,437,867
S S,S44,402 f
582,751
Interest receivable
-
-
24,445
2,200
- -
-
- -
7,151
659
753
-
-
35,208
9,299
Due from other funds
-
-
-
-
- -
-
_
81,315
81,315
Total assets
S - $
20,971
S 2,293,442
S 88,100
$ - S - S
5,931
S - S - S
254,372
$ 333,554
$ 32,812
S 112,561
$ 2,519,182
S 5,660,925 $
592,050
Liabilities and Fund Balance
Liabilities
Accounts payable
S 16,400 $
-
$ -
$ 1,049
$ - S - $
-
$ - S - $
1,395
$ -
$ 767
S 38
$ -
S 19,649 $
17,382
Contracts payable -
t9 retained percentages
8,052
-
-
-
- -
_
_ _
_
_
-
11,494
_
19,546
27,051
W Accrued salaries and
1 withholdings payable
-
-
-
27
- _
_
_ _
_
_
_
_
_
27
447
Due to other funds
81,315
-
231,783
-
- -
-
-
313,098
Total liabilities
105,767
-
231,783
1,076
- -
-
- -
1,395
-
767
11,532
-
352,320
44,880
Fund balance (deficit)
Unreserved
Designated for subsequent
years expenditures
-
-
2,061,659
-
- -
-
- -
-
302,000
-
-
56,991
2,420,650
1,498
Undesignated
(105,767)
20,971
-
87,024
- -
5,931
- -
252,977
31,SS4
32,045
101,029
2,462,191
2,887,955
545,672
Total fund
balance (deficit)
(105,767)
20,971
2,061,659
87,024
- -
5,931
- -
252,977
333,554
32,045
101,029
2,519,182
5,308,605
547,170
Total liabilities and
fund balance
S - S
20,971
S 2,293,442
S 88,100
$ - S - S
5,931
$ - S - S
254,372
$ 333,554
S 32,812
S 112,561
$ 2,519,182
$ 5,660,925 S
592,050
Exhbit I -2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Capital Project Funds
Combining Statement of Revenue, Expenditures, and Changes in Fund Balance
Year Ended December 31,1990
(with Comparative Totals for Year Ended December 31,1989)
Capital
Improve-
Capital
Water
Downtown
Sullivan
Murzyn
ment
Capital
Huset
Capital
Improve -
Capital
Surface
Land
Columbia Lake
Capital Capital
Hall
Govern-
Improve-
Park
Improve-
ment
Improve-
Manage-
Senior
Aquisi-
Park Develop-
Improve- Improve-
Renova-
ment
ment
Hazardous
ment
Replace-
ment
ment
Housing
tion
Clinic ment
ment ment
tion
Building
Parks
Cleanup
Projects
ment
Totals
Fund 401
Fund 403
Fund 404
Fund 405
Fund 406 Fund 407
Fund 408 Fund 409
Fund 410
Fund 411
Fund 412
Fund 413
Fund 415
Fund 431
1990
1989
Revenue
Interest earned
on investments
T - T
-
T 72,448
T 6,519
T - T - T
- T - T
-
T 21,193
T 1,952
T 2,230
T -
T -
T 104,342 T
27,006
Other revenue
Miscellaneous
321,101
-
-
-
- -
- 664
-
-
-
-
118,579
-
440,344
485,299
Private grants
-
20,971
-
-
- -
- _
_
_
_
_
-
-
20,971
-
Contributions
-
-
-
-
_ _
_ _
_
_
_
26,500
Total revenue
321,101
20,971
72,448
6,519
- -
- 664
-
21,193
1,952
2,230
118,579
-
565,657
538,805
Expenditures
Other Project
expenditures
567,894
-
-
5,291
- -
- 84,347
-
22,490
23,326
5,145
426,274
260,818
1,395,585
1,171,828
I
0 Excess (defi-
ciency) of
revenueover
expenditures
(246,793)
20,971
72,448
1,228
- -
- (83,683)
-
(1,297)
(21,374
(2,915)
(307,695)
(260,816)
(829,928)
(633,023)
Other financing sources (uses)
Operating transfers in
128,762
-
2,306,064
-
- -
- 87,190
-
-
329,928
5,000
327,355
2,780,000
5, %4,299
1,283,557
Operating transfers (out)
-
-
(316,853)
-
- -
- -
_
_
_
-
(316,853)
(3,500)
Total other
financing
sources (uses)
128,762
-
1,989,211
-
- -
- 87,190
-
-
329,928
5,000
327,355
2,780,000
5,647,446
1,280,057
Excess (defi-
ciency) of
revenue and
other financing
sources over
expenditures and
other financing
uses
(118,031)
20,971
2,061,659
1,228
- -
- 3,507
-
(1,297)
308,554
2,085
19,660
2,519,182
4,817,518
647,034
Fund balance (deficit)
Beginning of year
93,633
-
-
85,796
3,034 273
5,931 (3,507)
16,336
290,714
25,000
29,960
-
-
547,170
(99,864)
Residual equity transfers
(81,369)
-
-
-
(3,034) (273)
- - (16,336)
(36,440)
-
81,369
-
(56,083)
End of year
T (10,767
,
87024
_$5 931 S - T
-
T 252,977
333554
101.029
T 2,519182
T 5,308605 $
54,7170
' ENTERPRISE FUNDS
' The authority for these types of funds is derived from Section 69(b) of the City Charter which allows for
Utility or other Public Service Enterprise Funds.
The Enterprise Funds are a member of the Proprietary Fund Type category, and as such are accounted
' for on the accrual basis of accounting. Revenue in the Enterprise Funds is recognized when it is earned
and expenses are recognized when they are 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 revenue earned, expenses incurred, and /or net income is appropriate for capital
maintenance, public policy, management control, accountability, or other purposes.
Assets
Current assets
Cash and investments (deficit)
Cash and cash equivalents
Temporary investments
Total cash and investments
Receivables
Accounts
Interest
Due from other governmental units, current portion
Inventory, at cost
Prepaid expense
Total current assets
Long -term assets
Due from other governmental units, net of current portion
Fixed assets
Land
i Buildings
10 Improvements other than buildings
� Machinery and equipment
Office furniture and fixtures
Less accumulated depreciation
Net fixed assets
Total assets
Current liabilities Liabilities and Fund Equity
Accounts payable
Accrued salaries and withholdings payable
Due to other governmental units
Total current liabilities
Fund equity
Contributed capital
Pro rt y owners /customers
Federal
Total contributed capital
Retained earnings
Reserved for capital replacement /construction
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
M M M M M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Enterprise Funds
Combining Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Exhibit J -1
Totals
Water Sewer Refuse Liquor 199U 1989
$ 111,273 $
(13,071) $
5,882 $
52,054
$ 156,138
$ 361,942
600,000
�7if;Z73
2,000,000
-
300,000
34
2 900 000
3,600,000
�i8b92i
-3-Im
�b;i38
155,518
171,504
325,004
150
652,176
612,641
16,985
61,047
1,944
29,556
109,532
111,267
36,846
63,495
204
100,545
63,473
2,347
-
-
440,864
443,211
427,089
-
51,642
Z,�7ib8
-
-
8T£,S�S
51 642
50,908
3Z5 '-
�,413;2dd
�ZZ7;3�
-
172,874
-
-
172,874
180,644
45,223
36,586
-
13,051
94,860
94,860
233,236
45,690
-
183,522
462,448
422,814
2,566,779
2,976,139
2,890
99,369
5,645,177
5,366,496
166,857
293,934
175
144,774
605,740
541,197
- 46,372
-J;.
47,093
440
-3;M
23.732
117,637
70,263
3,WNS9457
'
�;4d8
�3;8b7.
3
Ti3 f
�;d93Lb3D
3
�b385
,
x-`b
$ 2,532,508 $
4,195,591 $
398,722 $
1,074,388
$ 8,201,209
$ 8,765,573
$ 58,112 $
34,840 $
176 $
128,778
$ 221,906
$ 1939244
15,564
14,174
-
22,518
52,256
47,080
7,287
-
�M
-
-1
45,542
i9f;S38
52,829
35 447
X63
/6
- 3�'6;i91
771
4569396
784,942
-
-
1,241,338
1,306,567
- 453,
-
- 784,942
-
-
-
453,000
,694;3'38
453,000
idtl',3'9b
-
720,000
2,235,000
-
-
29955,000
-
822.149
1.126,635
398.546
877,550
3.224.880
6.730.235
$ 2,532,508 $ 4,195,591 $ 3981722 $ 1,074,388 $ 8,201,209 $ 8,765,573
M M M = M M M M M M M i
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Enterprise Funds
Combining Statement of Revenue, Expenses, and Changes in Retained Earnings
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Operating revenue
Charges for services
Customer service
Penalties
Sewer service charges
Interceptor maintenance
Refuse service charge
Charges for sales
Water
Meter
Liquor
Beer
Wine
Other
Intergovernmental
Total operating revenue
Operating expenses
Cost of sales and services
Distribution
Administration
Collection and disposal
Recycling
Hazardous waste
Cost of goods sold
Operating expense
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenue (expense)
Interest income
Miscellaneous revenue
Miscellaneous expense
Total nonoperating revenue (expense)
Income (loss) before operating transfers
Operating transfers in
Operating transfers (out)
Net operating transfers
Net income (loss)
Credit for depreciation on contributed assets
Retained earnings
Beginning of year
Residual equity transfer
Water Sewer Refuse Liquor
$ 7,814 $ - $ - $ -
21,130 - - -
- 692,697 - -
1,456,042 -
723,219 - - -
4,412 - -
- - - 1,285,812
- - 2,017,499
- - 404,806
- - 520,870
103 465 -
i, 692,697 4
Exhibit J -2
Totals
1990
1989
$ 7,814 $
3,625
21,130
14,800
692,697
854,443
-
21,800
1,456,042
875,775
723,219
857,507
4,412
3,634
1,285,812
1,179,315
2,017,499
1,861,438
404,806
383,775
520,870
270,721
103,465
7,237,766
42 146
6,368:979'
358,512
633,162
-
-
991;674
1,033,267
257,788
203,519
-
-
461,307
463,643
8,715
8,463
13,597
-
30,775
25,808
-
-
1,258,272
-
1,258,272
740,402
-
-
22,346
-
22,346
58,745
-
-
23
-
23
9,555
-
-
-
3,490,170
3,490,170
3,015,661
-
-
-
446,017
446,017
417,605
62 779
9�
90.035
X3551119
351
31,291
184 456
88 40
170 857
4
�433,4.36
6:478
X89
7$
261,3U9
264,918
352,726
50,337
188,729
5,762
87,594
332,422
323,178
50
607
4,996
5,783
16,682
X1300
L2,655
�,__. )
49.403
1
�( 3�)
90,999
0
�14,223
118,184
688,276
720,000
2,235,000
-
-
2,955,000
-
805 15
2 320 02
(62,399)
(1,071, 2
(160.358
(85,027)
62.399
1(718,769)
x(4,2558,,,860)
30)
(615,5
560,8
26,294 38,935 -
1,482,828 3,461,430 189,658
1,596,319
65,229 65,229
6,730,235 6,090,492
- (10,351)
End of year $ 1,542,149 $ 3,361,635 $ 398,546 $ 877,550 $ 6,179,880 $ 6,730,235
Cash flows from operating activities
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenue
Miscellaneous expense
Net cash provided (used)
by operating activities
Cash flows from noncapital financing activities
Residual equity transfer
Operating transfers (out) to other funds
Net cash used by noncapital
10 financing activities
i
Cash flows from capital and related financing activities
Acquisition of fixed assets
Disposition of fixed assets
Net cash provided (used) by capital and
related financing activities
Cash flows from investing activities
Net proceeds from sale of investments
Interest received on investments
Net payments for investments
Net cash provided by investing activities
Net increase (decrease) in
cash and cash equivalents
Cash and cash equivalents (deficit)
Beginning of year
End of year
Exhibit J -3
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Enterprise Funds
Combining Statement of Cash Flows
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Totals
Water Sewer Refuse Liquor 1990 1989
$ 806,863 $
773,779 $
1,359,610
$ 4,228,677
$ 7,168,929
$ 6,284,219
(456,484)
(693,257)
(1,294,001)
(3,653,022)
(6,096,764)
(5,262,516)
(170,868)
(126,972)
(762)
(270,854)
(569,456)
(538,113)
130
50
607
4,996
5,783
16,682
(1,064)
-
-
(1,591)
(2,655)
(28,073)
178,577
(46,400)
65,454
308,206
505,837
472,199
(10,351)
(85,157) (85,027) (62,399) (1,071,277) (1,303,860) (160,358),
(85,157) (85,027) (62,399) (1,071,277) (1,303,860) (170,709)
(86,493) (357,615) - (3,070) (447,178) (376,971)
- - 3.593 1.647 5.240 4,184
(86,493) (357,615) 3,593 (1,423) (441,938) (372,787)
- - - 700,000 700,000 -
50,798 194,593 5,031 83,735 334,157 211,911
- - - - - (200,000)
50,798 194.593 5.031 783.735 1.034.157 11.911
57,725 (294,449) 11,679 19,241 (205,804) (59,386)
53,548 281,378 (5,797) 32,813 361,942 421,328
$ 111,273 $ (13,071) 5,882 $ 52,054 $ 156,138 $ 361,942
(continued)
M M M M M M M r M M= M M i M M M= r
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-98-
Exhibit 7 -4
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Water Utility Fund
108,155 $ - $ 111,273 $
Balance Sheet
-
As of December 31, 1990
600,000
(with Comparative Totals as of December 31, 1989)
Capital
653,548
Equip-
Capital
ment
Construc-
Operating Replace-
tion Totals
Account went
Account 1990 1989
Assets
Current assets
Cash and investments
Cash and cash equivalents
Temporary investments
Total cash and investments
Receivables
Accounts
Interest
Inventories
Total current assets
Fixed assets
Land
Buildings
Improvements other than buildings
Machinery and equipment
Office furniture and fixtures
Less accumulated depreciation
Net fixed assets
Total assets
$ 3,118 $
108,155 $ - $ 111,273 $
53,548
-
- 600,000 600,000
600,000
3,118
108,155 600,000 711,273
653,548
155,518
- - 155,518
205,806
16,985
- - 16,985
17,446
2,347
- - 2,347
2,955
177,968
108,155 600,000 886,123
879,755
45,223
-
- 45,223
45,223
233,236
-
- 233,236
213,204
2,566,779
-
- 2,566,779
2,554,365
155,012
11,845
- 166,857
134,527
46,372
-
- 46,372
31,263
3,046,622
11,845
- 3,058,467
2,978,582
1,412,082
-
- 1,412,082
1,355,911
1,634,540
11,845
- 1,646,385
1,622,671
$ 1,812,508 $
120,000
600,000 $ 2,532,508
$ 2,502,426
Liabilities and Fund Equity
Current liabilities
Accounts payable
$ 58,112 $
- $
- $ 58,112
$ 64,898
Accrued salaries and withholdings payable
15,564
-
- 15,564
16,626
Due to other governmental units
7,287
-
- 7,287
2,384
Total current liabilities
80,963
-
- 80,963
83,908
Fund equity
Contributed capital
Property owners
456,396
-
- 456,396
482,690
Federal funds
453,000
-
- 453,000
453,000
Total contributed capital
909,396
-
- 909,396
935,690
Retained earnings
Reserved for capital replacement/
construction
-
83,940
600,000 683,940
-
Unreserved
822,149
36,060
- 858,209
1,482,828
Total retained earnings
822,149
120,000
600,000 1,542,149
1,482,828
Total fund equity
1,731,545
120,000
600,000 2,451,545
2,418,518
Total liabilities and fund equity
1,812,508 $
120,000 $
600,000 $ 2,532,508
$ 2,502,426
-99-
Exhibit J -5
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Water Utility Fund
Statement of Revenue, Expenses and Changes in Retained Earnings
Year Ended December 31,1990
(with Comparative Totals for Year Ended December 31,1989)
Capital
Equip- Capital
ment Construc-
Operating Replace- tion Totals
Account ment Account 1990 1989
Operating revenue
Charges for services
Customer services
Penalties
Charges for sales
Water sales
Meter sales
Total operating revenue
Operating expenses
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expenses
Operating income
Nonoperating revenue (expense)
Interest income
Miscellaneous revenue
Miscellaneous expense
Total nonoperating
revenue (expense)
Income before
operating transfers
Operating transfers in
Operating transfers (out)
Net operating transfers
Net income (loss)
Credit for depreciation on
contributed assets
Retained earnings
Beginning of year
End of year
$ 7,814 $
21,130
723,219
4,412
756,575
$ 7,814 $ 3,625
21,130 14,800
- 723,219 857,507
4,412 3,634
756,575 879,566
358,512 -
- 358,512
479,146
257,788 -
- 257,788
299,716
8,715 -
- 8,715
8,834
62,779 -
- 62,779
56,391
687,794 -
- 687,794
844,087
68,781 -
- 68,781
35,479
50,337 -
- 50,337
50,672
130 -
- 130
7,204
(1,064) -
- (1,064 )7
49,403 -
- 49,403
33,129
118,184 -
- 118,184
68,608
- 120,000
600,000 720,000
-
(805,157) -
- (805,157)
(27,806)
(805;157) 120,000
600,000 (85,157)
(27,806)
(686,973) 120,000
600,000 33,027
40,802
26,294 -
- 26,294
26,294
1,482,828 - - 1,482,828 1,415,732
$ 822,149 $ 120,000 $ 600,000 $ 1,542,149 $ 1,482,828
11
Exhibit J-6
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Water Utility Fund
Statement of Cash Flows
Years Ended December 31, 1990 and 1989
1990 1989
Cash flows from operating activities
Cash received from customers
$ 806,863
$ 864,580
Cash payments to suppliers for goods and services
(456,484)
(572,354)
Cash payments to employees for services
(170,868)
(187,059)
Miscellaneous revenue
130
7,204
Miscellaneous expense
(1,064)
(24,747)
Net cash provided by operating activities
178,577
87,624
Cash flows from noncapital financing activities
Operating transfers (out) to other funds
(85,157)
(27,806)
Cash flows from capital and related financing activities
Acquisition of fixed assets
(86,493)
(103,805)
Cash flows from investing activities
Interest received on investments
50,798
33,226
Net increase (decrease) in cash and cash equivalents
57,725
(10,761)
Cash and cash equivalents
Beginning of year
53,548
64,309
End of year
$ 111,273
$ 53,548
(continued)
-101-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Water Utility Fund
Statement of Cash Flows (continued)
Years Ended December 31, 1990 and 1989
Reconciliation of Operating Income to Net
Cash Provided by Operating Activities
Operating income
Adjustments to reconcile operating income to
net cash provided by operating activities
Miscellaneous revenue
Miscellaneous expense
Depreciation expense
Changes in assets and liabilities
(Increase) decrease in accounts receivable
Decrease in inventories
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries
and withholdings payable
Increase in due to other governmental units
Total adjustments
Net cash provided by operating activities
-102-
Exhibit J-6
1990 1989
$ 68,781 $ 35,479
130
7,204
(1,064)
(24,747)
62,779
56,391
50,288
(14,986)
608
84
(6,786)
21,169
(1,062)
6,772
4,903
258
109,796
52,145
d` 11 O r"7'7 d•
O^f el% A
Exhibit J -7
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Sewer Utility Fund
223,155
Balance Sheet
$ 281,378
As of December 31, 1990
-
(with Comparative Totals as of December 31, 1989)
Capital
(236,226)
Equip-
Capital
ment
Construc-
Operating Replace-
tion Totals
Account went
Account 1990 1989
Assets
Current assets
Cash and investments (deficit)
Cash and cash equivalents
Temporary investments
Total cash and investments
Receivables
Accounts
Interest
Due from other governmental units,
current portion
Prepaid expense
Total current assets
Long -term assets
Due from other governmental units,
net of current portion
Fixed assets
Land
Buildings
Improvements other than buildings
Machinery and equipment
Office furniture and fixtures
Less accumulated depreciation
Net fixed assets
Total assets
$ (236,226) $
223,155
$ - $ (13,071)
$ 281,378
-
-
2,000,000 2,000,000
2,000,000
(236,226)
223,155
2,000,000 1,986,929
2,281,378
171,504
-
- 171,504
237,001
61,047
-
- 61,047
66,911
36,846
-
- 36,846
44,661
51,642
-
- 51,642
50,908
84,813
223,155
2,000,000 2,307,968
2,680,859
172,874
-
- 172,874
180,644
36,586
-
- 36,586
36,586
45,690
-
- 45,690
26,940
2,976,139
-
- 2,976,139
2,709,872
282,089
11,845
- 293,934
259,707
47,093
-
- 47,093
15,047
3,387,597
11,845
- 3,399,442
3,048,152
1,684,693
-
- 1,684,693
1,600,983
1,702,904
11,845
- 1,714,749
1,447,169
$ 1,960,591 $ 235,000 $ 2,000,000 $ 4,195,591 $ 4,308,672
Liabilities and Fund Equity
Current liabilities
Accounts payable $ 34,840 $
Accrued salaries and withholdings payable 14,174
Total current liabilities 49,014
Fund equity
Contributed capital
Customers
Retained earnings
Reserved for capital replacement/
construction
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
$ - $ 34,840 $ 9,708
14,174 13,657
49,014 23,365
784,942
-
- 784,942
823,877
-
198,940
2,000,000 2,198,940
-
1,126,635
36,060
- 1,162,695
3,461,430
1,126,635
235,000
2,000,000 3,361,635
3,461,430
1,911,577
235,000
2,000,000 4,146,577
4,285,307
$ 1,960,591 $ 235,000 $ 2,000,000 $ 4,195,591 $ 4,308,672
-103-
Exhibit J -8
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Sewer Utility Fund
Statement of Revenue, Expenses and Changes in Retained Earnings
Year Ended December 31,1990
(with Comparative Totals for Year Ended December 31, 1989)
Capital
Equip- Capital
ment Construc-
Operating Replace- tion Totals
Account ment Account 1990 1989
Operating revenue
Charges for sales and services
Sewer service charges
Interceptor maintenance
Total operating revenue
Operating expenses
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expenses
Operating income (loss)
Nonoperating revenue (expense)
Interest income
Miscellaneous revenue
Total nonoperating
revenue (expense)
Income (loss) before
operating transfers
Operating transfers in
Operating transfers (out)
Net operating transfers
Net income (loss)
Credit for depreciation on
contributed assets
Retained earnings
Beginning of year
End of year
$ 692,697 $
- $ - $ 692,697
$ 854,443
-
- - -
21,800
692,697
- - 692,697
876,243
633,162
- - 633,162
554,121
203,519
- - 203,519
163,015
8,463
- - 8,463
8,833
90,035
- - 90,035
80,704
935,179
- - 935,179
806,673
(242,482)
- - (242,482)
69,570
188,729
- - 188,729
201,801
50
- - 50
569
188,779
- - 188,779
202,370
(53,703)
- - (53,703)
271,940
-
235,000 2,000,000 2,235,000
-
(2,320,027)
- - (2,320,027)
(27,807)
(2,320,027)
235,000 2,000,000 (85,027)
(27,807)
(2,373,730)
235,000 2,000,000 (138,730)
244,133
38,935
- - 38,935
38,935
3,461,430 - - 3,461,430 3,178,362
$ 1,126,635 $ 235,000 $ 2,000,000 $ 3,361,635 $ 3,461,430
OII-FM
Exhibit J -9
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Sewer Utility Fund
Statement of Cash Flows
Years Ended December 31, 1990 and 1989
1990 1989
Cash flows from operating activities
Cash received from customers $ 773,779 $ 808,433
Cash payments to suppliers for goods and services (693,257) (648,237)
Cash payments to employees for services (126,972) (101,716)
Miscellaneous revenue 50 8,937
Net cash provided (used) by operating activities (46,400) 67,417
Cash flows from noncapital financing activities
Operating transfers (out) to other funds (85,027) (27,807)
Cash flows from capital and related financing activities
Acquisition of fixed assets (357,615) (197,948)
Cash flows from investing activities
Interest received on investments 194,593 127,434
Net decrease in cash and cash equivalents (294,449) (30,904)
Cash and cash equivalents (deficit)
Beginning of year 281,378 312,282
End of year $ (13,071) $ 281,378
(continued)
-105-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Sewer Utility Fund
Statement of Cash Flows (continued)
Years Ended December 31, 1990 and 1989
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities
Operating income (loss)
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities
Miscellaneous revenue
Depreciation expense
Changes in assets and liabilities
(Increase) decrease in accounts receivable
Decrease in due from other governmental units
(Increase) in prepaid expense
Increase in accounts payable
Increase in accrued salaries and withholdings payable
Total adjustments
Net cash provided (used) by operating activities
B.
Exhibit J -9
1990 1989
$ (242,482) $ 68,658
50
8,937
90,035
80,704
65,497
(67,810)
15,585
14,295
(734)
(50,908)
25,132
8,479
517
5,062
196,082
(1,241)
$ (46,400)
1--§7,.417
Exhibit J -10
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Refuse Utility Fund
Balance Sheet
As of December 31, 1990 and 1989
1990 1989
Assets
Current assets
2,890
2,890
Cash and investments (deficit)
175
4,188
Cash and cash equivalents
$ 5,882
$ (5,797)
Receivables
3,505
7,518
Accounts
325,004
169,790
Interest
1,944
1,213
Due from other governmental units
63,495
18,812
Total current assets
396,325
184,018
Fixed assets
Improvements other than buildings
2,890
2,890
Machinery and equipment
175
4,188
Office furniture and fixtures
440
440
3,505
7,518
Less accumulated depreciation
1,108
1,177
Net fixed assets
2.397
6.341
Total assets L_228,.722 190,359
Liabilities and Fund Equity
Current liabilities
Accounts payable $ 176 $ 254
Accrued salaries and withholdings payable - 447
Total current liabilities 176 701
Fund equity
Retained earnings
Unreserved 398,546 189,658
Total liabilities and fund equity 398,722 190,359
-107-
1
1
1
1
1
1
A
1
1
1
1
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Refuse Utility Fund
Statement of Revenue, Expenses, and Changes in Retained Earnings
Years Ended December 31, 1990 and 1989
Operating revenue
Refuse service charges
Intergovernmental
Total operating revenue
Operating expenses
Administration
Depreciation
Collections and disposals
Recycling
Hazardous waste
Total operating expenses
Operating income
Nonoperating revenue
Interest income
Miscellaneous revenue
Total nonoperating revenue
Income before operating transfers
Operating transfer (out)
Net income
Retained earnings
Beginning of year
Residual equity transfer
End of year
-108-
Exhibit J -11
1990 1989
$ 1,456,042 $ 875,775
103,465 42,146
1,559,507 917,921
13,597
8,141
351
636
1,258,272
740,402
22,346
58,745
23
9,555
1,294,589 817,479
264,918 100,442
5,762
3,522
607
5
6,369
3,527
271,287
103,969
(62,399)
(35,404)
208,888
68,565
189,658 131,444
- (10,351)
$ 398,546 189 658
Exhibit J -12 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Refuse Utility Fund
Statement of Cash Flows
Years Ended December 31, 1990 and 1989
1990 1989
Cash flows from operating activities
Cash received from customers
$ 1,359,610
$ 915,853
Cash payments to suppliers for goods and services
(1,294,001)
(816,476)
Cash payments to employees for services
(762)
-
Miscellaneous revenue
607
5
Net cash provided by operating activities
65,454
99,377
Cash flows from noncapital financing activities
Residual equity transfer
-
(10,351)
Operating transfers (out) to other funds
(62,399)
(35,404)
Net cash used by noncapital financing activities
(62,399)
(45,755)
Cash flows from capital and related financing activities
Disposition of fixed assets
3,593
(2,000)
Cash flows from investing activities
Interest earned on investments
5,031
2,309
Net increase in cash and cash equivalents
11,679
53,931
Cash and cash equivalents (deficit)
Beginning of year (5,797) (59,728)
End of year $ 5,882 $ (5,797)
(continued)
N412
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Refuse Utility Fund
Statement of Cash Flows (continued)
Years Ended December 31, 1990 and 1989
Reconciliation of Operating Income to Net
Cash Provided by Operating Activities
Operating income
Adjustments to reconcile operating income to
net cash provided by operating activities
Miscellaneous revenue
Depreciation expense
Changes in assets and liabilities
(Increase) decrease in accounts receivable
(Increase) in due from other governmental units
(Decrease) in accounts payable
Increase (decrease) in accrued salaries
and withholdings payable
Total adjustments
Net cash provided by operating activities
-110-
Exhibit J -12
1990 1989
$ 264,918 $ 100,442
607 5
351 636
(155,214) 16,744
(44,683) (18,812)
(78) (85)
(447) 447
(199,464) (1,065)
$ 65,454 $ 99,377
Exhibit J -13 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Liquor Fund
Balance Sheet
As of December 31, 1990 and 1989
1990 1989
Assets
Current assets
13,051
13,051
Cash and investments
183,522
182,670
Cash and cash equivalents
$ 52,054 $
32,813
Temporary investments
300,000
1,000,000
Total cash and investments
352,054
1,032,813
Receivables
464,448
461,378
Accounts
150
44
Interest
29,556
25,697
Due from other governmental units
204
-
Inventory, at cost
440,864
424,134
Total current assets
822,828
1,482,688
Fixed assets
Land
13,051
13,051
Buildings
183,522
182,670
Improvements other than buildings
99,369
99,369
Machinery and equipment
144,774
142,775
Office furniture and fixtures
23,732
23,513
464,448
461,378
Less accumulated depreciation
212,888
179,950
Net fixed assets
251,560
281,428
Total assets $ 1,074,388 $ 1,764,116
Liabilities and Fund Equity
Current liabilities
Accounts payable $ 128,778 $ 118,384
Accrued salaries and withholdings payable 22,518 16,350
Due to other governmental units 45,542 33,063
Total current liabilities 196,838 167,797
Fund equity
Retained earnings
Unreserved 877,550 1,596,319
Total liabilities and fund equity $ 11074,388 $ 1,764,116
-111-
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Liquor Fund
Statement of Revenue, Expenses, and Changes in Retained Earnings
Years Ended December 31, 1990 and 1989
Operating revenue
Charges for sales
Liquor
Beer
Wine
Other
Total operating revenue
Operating expenses
Cost of goods sold
Operating expense
Depreciation
Total operating expenses
Operating income
Nonoperating revenue (expense)
Interest income
Miscellaneous revenue
Miscellaneous expense
Total nonoperating
revenue (expense)
Income before operating transfers
Operating transfers (out)
Net income (loss)
Retained earnings
Beginning of year.
End of year
-112-
Exhibit J -14
1990 1989
$ 1,285,812 $ 1,179,315
2,017,499 1,861,438
404,806 383,775
520,870 270,721
4,228,987 3,695,249
3,490,170 3,015,661
446,017
417,605
31,291
33,126
3,967,478
3,466,392
261,509
228,857
87,594 74,639
4,996 536
(1,591) (3,326)
90,999 71,849
352,508 300,706
(1,071,277) (69,341)
(718,769) 231,365
1,596,319 1,364,954
$ 877,550 $ 1,596,319
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Liquor Fund
Statement of Cash Flows
Years Ended December 31, 1990 and 1989
Cash flows from operating activities
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenue
Miscellaneous expense
Net cash provided by operating activities
Cash flows from noncapital financing activities
Operating transfers (out) to other funds
Cash flows from capital and related financing activities
Acquisition of fixed assets
Disposition of fixed assets
Net cash used by capital and
related financing activities
Cash flows from investing activities
Net proceeds from sale of investments
Interest received on investments
Net payments for investments
Net cash provided (used) by investing activities
Net increase (decrease) in
cash and cash equivalents
Cash and cash equivalents
Beginning of year
End of year
-113-
Exhibit J -15
1990 1989
$ 4,228,677
(3,653,022)
(270, 854)
4,996
(1,591)
308,206
(1,071,277)
(3,070)
1,647
(1,423)
700,000
83,735
783,735
19,241
32,813
$ 52,054
$ 3,695,353
(3,225,444)
(249,338)
536
(3,326)
217,781
(69,341)
(73,218)
4,184
(69,034)
48,942
(200,000)
(151,058)
(71,652)
104,465
$ 32,813
(continued)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Liquor Fund
Statement of Cash Flows (continued)
Years Ended December 31, 1990 and 1989
Reconciliation of Operating Income to Net
Cash Provided by Operating Activities
Operating income
Adjustments to reconcile operating income to
net cash provided by operating activities
Miscellaneous revenue
Miscellaneous expense
Depreciation expense
Changes in assets and liabilities
(Increase) decrease in accounts receivable
(Increase) in due from other governmental units
(Increase) in inventory, at cost
Increase (decrease) in accounts payable
Increase in accrued salaries and withholdings payable
Increase (decrease) in due to other governmental units
Total adjustments
Net cash provided by operating activities
-114-
Exhibit J -15
1990 1989
$ 261,509 $ 228,857
4,996
536
(1,591)
(3,326)
31,291
33,126
(106)
104
(204)
-
(16,730)
(3,531)
10,394
(40,373)
6,168
3,759
12,479 (1,371)
46,697 (11,076)
$ 308,206 $ 217,781
1
INTERNAL SERVICE FUNDS
' The Central Garage Fund is used to account for the costs of 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.
The Insurance Fund is used to account for the costs of risk management services for the City. All costs
for premiums and claims are recorded in the fund. Conventional insurance costs are allocated to various
departments based on coverage plus a percentage risk factor.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Internal Service Funds
Combining Balance Sheet
As of December 31,1990
(with Comparative Totals as of December 31, 1989)
Assets
Current assets
Cash and investments (deficit)
Cash and cash equivalents
Temporary investments
Total cash and investments
Receivables
Accounts
Interest
Inventory, at cost
Prepaid expense
Total current assets
Fixed assets
Buildings
Improvements other than buildings
Machinery and equipment
Office furniture and fixtures
Less accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities
Accounts payable
Accrued salaries and
withholdings payable
Total current liabilities
Fund equity
Contributed capital
Municipal funds
Property owners
Total contributed capital
Retained earnings (deficit)
Reserved for insurance
Reserved for capital replacement
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
Exhibit K -1
Central Totals
Garage Insurance 1990 1989
$ 5,296 $ 122,937 $ 128,233 $ (102,701)
20,000 300,000 320,000 320,000
25,296 422,937 448,233 217,299
2,875 2,875
-
9,457 9,457
8,714
80,169
- 80,169
70,887
-
70,686 70,686
57,419
105,465
505,955 611,420
354,319
306,529
- 306,529
81,877
97,226
- 97,226
9,071
81,624
- 81,624
81,624
13,545
- 13,545
13,545
498,924
- 498,924
186,117
124,079
- 124,079
97,331
374,845
- 374,845
88,786
$ 480,310 $--505 955 $ 986,265 $ 443,105
$ 18,354 $ 9,323 $ 27,677 $ 15,343
17,362
-
17,362
17,290
35,716
9,323
45,039
32,633
124,196
-
124,196
30,000
64,653
-
64,653
64,653
188,849
-
188,849
94,653
-
496,632
496,632
396,358
20,000
-
20,000
-
235,745
235,745
(80,539}
255,745
496,632
752,377
315,819
444,594
496)632
941,226
410,472
$ 480,310 $ 505,955 $ 986,265 $ 443,105
-115-
Exhibit K -2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Internal Service Funds
Combining Statement of Revenue, Expenses and Changes in Retained Earnings
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Operating revenue
Charges for services
Services to departments
Use of space
Recovery of damages
Charges for sales
Sales of gasoline
Total operating revenue
Operating expenses
Cost of services and space
Claims administration
Supplies
Claims
Insurance deductible
Depreciation
Total operating expenses
Operating (loss)
Nonoperating revenue
Interest income
Miscellaneous revenue
Total nonoperating revenue
Income (loss) before
operating transfers
Operating transfers in
Operating transfers (out)
Net operating transfers
Net income (loss)
Retained earnings (deficit)
Beginning of year, as previously stated
Adjustment for improvements
Beginning of year, as restated
Residual equity transfers
End of year
Central
28,026
Totals
2,558 115,050
Garage
Insurance
1990
1989
54,915
-
(20,000)
$ 94,818
$ - $
94,818 $
83,177
110,205
-
110,205
75,994
-
812
812
27,608
55,406
-
55,406
-
260,429
812
261,241
186,779
242,602
-
242,602
177,533
-
25,154
25,154
12,471
-
-
-
353
-
3,666
3,666
34,589
-
14,794
14,794
2,286
26,748
-
26,748
10,092
269,350
43,614
312,964
237,324
(8,921)
(42,802)
(51,723)
(50,545)
- 28,026
28,026
25,311
2,558 115,050
117,608
29,604
2,558 143,076
145,634
54,915
(6,363)
100,274
93,911
4,370
145,000
-
145,000
-
(20,000)
-
(20,000)
(184,047)
125,000
-
125,000
(184,047)
118,637
100,274
218,911
(179,677)
(80,539)
396,358
315,819
495,496
181,207
-
181,207
-
100,668
396,358
497,026
495,496
36,440
-
36,440
-
$ 255,745 $ 496,632 $ 752,377 $ 315,819
-116-
Exhibit K -3
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Internal Service Funds ,
Combining Statement of Cash Flows
Year Ended December 31, 1990 '
(with Comparative Totals for Year Ended December 31, 1989)
Central Totals ,
Garage Insurance 1990 1989
Cash flows from operating activities
Cash received from customers
$ 260,429 $
—
$ 260,429
$ 186,779
Cash payments to suppliers for goods and services
(140,091)
(50,979)
(191,070)
(184,273)
,
Cash payments to employees for services
(107,352)
—
(107,352)
(99,505)
Miscellaneous revenue
2,558
115,050
117,608
29,604
Net cash provided (used)
by operating activities
15,544
64,071
79,615
(67,395)
,
Cash flows from noncapital financing activities
Residual equity transfer
36,440
—
36,440
—
'
Operating transfers in (out)
125,000
—
125,000
(184,047)
Net cash provided (used) by
noncapital financing activities
161,440
—
161,440
(184,047)
Cash flows from capital and related
financing activities
Acquisition of fixed assets
(131,600)
—
(131,600)
(5,504)
Capital contribution
94,196
—
94,196
Net cash (used) by capital
and related financing activities
(37,404)
—
(37,404)
(5,504)
'
Cash flows from investing activities
Interest earned on investments
1,767
25,516
27,283
16,597
Net increase (decrease) in
cash and cash equivalents
141,347
89,587
230,934
(240,349)
Cash and cash equivalents (deficit)
Beginning of year
(136,051)
33,350
(102,701)
137,648
End of year
$ 5,296 $
122,937
$ 128,233
$ (102,701)
j
I1
�I
(continued) I
r
—117— 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Internal Service Funds
Combining Statement of Cash Flows (continued)
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Reconciliation of operating (loss) to net
cash provided (used) by operating activities
Operating (loss)
Adjustments to reconcile operating
(loss) to net cash provided (used)
by operating activities
Miscellaneous revenue
Depreciation expense
Changes in assets and liabilities
(Increase)in
accounts receivable
(Increase) in inventory, at cost
(Increase) in prepaid expense
Increase (decrease) in accounts payable
Increase in accrued salaries
and withholdings payable
Total adjustments
Net cash provided (used) by
operating activites
Exhibit K -3
Central Totals
Garage Insurance 1990 1989
$ (8,921) $ (42,802) $ (51,723) $ (50,545)
2,558
115,050
117,608
29,604
26,748
—
26,748
10,092
—
(2,875)
(2,875)
—
(9,282)
—
(9,282)
(1,442)
—
(13,267)
(13,267)
(46,574)
4,369
7,965
12,334
(8,702)
72
—
72
172
24,465
106,873
131,338
(16,850)
$ 15,544 $ 64,071 $ 79,615 X67,395)
—118—
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Central Garage Fund
Balance Sheet
As of December 31, 1990
(with Comparative Totals as of December 31, 1989)
Assets
Current assets (deficit)
Cash and investments
Cash and cash equivalents
Temporary investments
Total cash and investments
Interest receivable
Inventories
Total current assets
Fixed assets
Buildings
Improvements other than buildings
Machinery and equipment
Office furniture and fixtures
Less accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities
Accounts payable
Accrued salaries and
withholdings payable
Total current liabilities
Fund equity
Contributed capital
Municipal funds
Property owners
Total contributed capital
Retained earnings
Reserved for capital improvement
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
Exhibit K -4 I
Capital
Equip-
ment
Operating Replace- Totals
Account ment 1990 1989
$ 5,296 $
- $ 5,296
$ (136,051)
-
20,000 20,000
20,000
5,296
20,000 25,296
(116,051)
-
- -
1767
80,169
- 80,169
70,887
-
85,465
20,000 105,465
(43,397)
306,529
- 306,529
81,877
97,226
- 97,226
9,071
81,624
- 81,624
81,624
13,545
- 13,545
13,545
498,924
- 498,924
186,117
124,079
- 124,079
97,331
374,845
- 374,845
88,786
$ 400,310 $ 20,000 $ 480,310 $ 45,389
$ 18,354 $ - $ 18,354 $ 13,985
17,362 - 17,362 17,290
35,716 - 35,716 31,275
124,196
-
124,196
30,000
64,653
-
64,653
64,653
188,849
-
188,849
94,653
-
20,000
20,000
-
235,745
-
235,745
(80,539)
235,745
20,000
255,745
(80,539)
424,594
20,000
444,594
14,114
$ 460,310 $
20,000 $
480,310
$ 45,389
-119-
1
1
Exhibit K -5
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Central Garage Fund
Statement of Revenue, Expenses, and Changes Retained Earnings
Year Ended December 31, 1990
(with Comparative Totals for Year Ended December 31, 1989)
Capital
Improve -
Operating ment Totals
Account Account 1990 1989
Operating revenue
Charges for services
Services to departments
Use of space
Charges for sales
Gasoline
Total operating revenue
Operating expenses
Cost of services and space
Depreciation
Total operating expenses
Operating (loss)
Nonoperating revenue
Interest income
Miscellaneous revenue
Total nonoperating revenue
(Loss) before
operating transfers
Operating transfers in
Operating transfers (out)
Net operating transfers
Net income (loss)
Retained earnings (deficit)
Beginning of year, as previously stated
Adjustment for improvements
Beginning of year, as restated
Residual equity transfers
End of year
$ 94,818 $
-
$ 94,818
$ 83,177
110,205
-
110,205
75,994
55,406
-
55,406
-
260,429
-
260,429
159,171
242,602
-
242,602
177,533
26,748
-
26,748
10,092
269,350
-
269,350
187,625
(8,921)
-
(8,921)
(28,454)
-
-
-
5,132
2,558
-
2,558
1,480
2,558
-
2,558
6,612
(6,363)
-
(6,363)
(21,842)
125,000
20,000
145,000
-
(20,000)
-
(20,000)
(184,047)
105,000
20,000
125,000
(184,047)
98,637
20,000
118,637
(205,889)
(80,539)
-
(80,539)
125,350
181,207
-
181,207
-
100,668
-
100,668
125,350
36,440
-
36,440
-
$ 235,745 $
20,000
$ 255,745
$ (80,539)
-120-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Central Garage Internal Service Fund
Statement of Cash Flows
Years Ended December 31, 1990 and 1989
Cash flows from operating activities
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenue
Net cash provided (used)
by operating activities
Cash flows from noncapital financing activities
Residual equity transfer in
Operating transfers in
Operating transfers (out)
Net cash provided (used) by
noncapital financing activities
Cash flows from capital and related financing activities
Acquisition of fixed assets
Capital contributions
Net cash (used) by capital and
related financing activities
Cash flows from investing activities
Interest earned on investments
Net increase (decrease) in
cash and cash equivalents
Cash and cash equivalents (deficit)
Beginning of year
End of year
-121-
Exhibit K-6 I
1990 1989
$ 260,429 $ 159,171
(140,091) (89,127)
(107,352) (99,505)
2.558 1.480
15,544 (27,981)
36,440 -
125,000 -
- (184,047)
161,440 (184,047)
(131,600) (5,504)
94,196 -
(37,404) (5,504)
1,767 3,365
141,347 (214,167) 1
(136,051) 78,116
$ 5,296 $ (136,051)
(continued)
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Central Garage Internal Service Fund
Statement of Cash Flows (continued)
Years Ended December 31, 1990 and 1989
Reconciliation of Operating Loss to Net
Cash Provided (Used) by Operating Activities
Operating loss
Adjustments to reconcile operating loss to net cash
provided (used) by operating activities
Miscellaneous revenue
Depreciation expense
Changes in assets and liabilities
(Increase) in inventory, at cost
Increase (decrease) in accounts payable
Increase in accrued salaries
and withholdings payable
Total adjustments
Net cash provided (used)
by operating activities
-122-
Exhibit K-6
1990 1989
$ (8,921) $ (28,454)
2,558
1,480
26,748
10,092
(9,282)
(1,442)
4,369
(9,829)
72
172
24,465
473
$ 15,544 $ (27,981)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Insurance Fund
Balance Sheet
As of December 31, 1990 and 1989
Assets
Current assets
Cash and investments
Cash and cash equivalents
Temporary investments
Total cash and investments
Receivables
Accounts
Interest
Prepaid expense
Total assets
Liabilities and Fund Equity
Current liabilities
Accounts payable
Fund equity
Retained earnings
Reserved for insurance
Total liabilities and fund equity
-123-
Exhibit K -7
1990 1989
$ 122,937 $
33,350
300,000
300,000
422,937
333,350
2,875
-
9,457
6,947
70,686
57,419
d% --Ac me a
IIn� -11c
$ 9,323 $ 1,358
496,632 396,358
$ 505,955 $ 397,716
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Insurance Fund
Statement of Revenue, Expenses, and Changes in Retained Earnings
Years Ended December 31, 1990 and 1989
Operating revenue
Recovery of damages
Operating expenses
Claims administration
Supplies
Claims
Insurance deductible
Total operating expenses
Operating loss
Nonoperating revenue
Interest income
Miscellaneous revenue
Total nonoperating revenue
Net income
Retained earnings
Beginning of year
End of year
-124-
Exhibit K -8
1990 1989
$ 812 $ 27,608
25,154 12,471
- 353
3,666 34,589
14,794 2,286
43,614 49.699
(42,802) (22,091)
28,026
20,179
115,050
28,124
143,076
48,303
100,274
26,212
396,358 370,146
$ 496,632 $ 396,358
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Insurance Fund
Statement of Cash Flows
Years Ended December 31, 1990 and 1989
Cash flows from operating activities
Cash received from damages
Cash payments to suppliers
for goods and services
Miscellaneous revenue
Net cash provided (used)
by operating activities
Cash flows from investing activities
Interest received on investments
Net increase (decrease) in
cash and cash equivalents
Cash and cash equivalents
Beginning of year
End of year
-125-
Exhibit K -9
1990 1989
$ - $ 27,608
(50,979) (95,146)
115,050 28,124
64,071 (39,414)
25,516 13,232
89,587 (26,182)
33,350 59,532
$ 122,937 $ 33,350
(continued)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Insurance Fund
Statement of Cash Flows (continued)
Years Ended December 31, 1990 and 1989
Reconciliation of Operating Loss to Net
Cash Provided (Used) by Operating Activities
Operating loss
Adjustments to reconcile operating
loss to net cash provided (used) by
operating activities
Miscellaneous revenue
Changes in assets and liabilities
(Increase) in accounts receivable
(Increase) in prepaid expense
Increase in accounts payable
Total adjustments
Net cash provided (used)
by operating activities
-126-
Exhibit K -9
1990 1989
$ (42,802) $ (22,091)
115,050 28,124
(2,875) -
(13,267) (46,574)
7,965 1,127
106,873 (17323)
$ 64,071 $ (39,414)
AGENCY FUNDS
Agency Funds are used to account for assets held by a government in a trustee or agent capacity for
individuals, private organizations, other governments, or other funds.
Exhibit L -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Fiduciary Funds
Combining Statement of Changes in Assets and Liabilities - All Agency Funds
Year Ended December 31, 1990
Balance Balance
January 1 Additions Deletions December 31
Total All Agency Funds
Assets
Cash and investments
General account
$ 13,244 $
5,140,190 $
5,136,072 $
17,362
Payroll account
1,602
2,869,456
2,870,487
571
Total cash and
598,309
264,073
16,268
846,114
cash investments
14,846
8,009,646
8,006,559
17,933
Accounts receivable
1,096
155,722
155,310
1,508
Assets held by deferred
compensation trustees
598,309
264,073
16,268
846,114
Total assets $ 614,251 $ 8,429,441 $ 8,178,137 $ 865,555
Liabilities
Liabilities
Accounts payable
$ 13 $
116 $
16 $
113
Deferred compensation
payable to employees
598,309
264,073
16,268
846,114
Deposits
5,332
1,500
500
6,332
Other liabilities
10.597
2.172.000
2.169.601
12.996
Total liabilities $ 614,251 $ 2,437,689 $ 2,186,385 $ 865,555
(continued)
-127-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
t Fiduciary Funds
Combining Statement of Changes in Assets and Liabilities - All Agency Funds (continued)
Year Ended December 31, 1990
Deferred Compensation Agency Fund
' Assets
Assets held by deferred
compensation trustee
Liabilities
' Deferred compensation payable to employees
HRA Deferred Compensation Agency Fund
Assets
Assets held by deferred
compensation trustee
' Liabilities
Deferred compensation payable to employees
' Permit Surcharge Agency Fund
Assets
' Cash and investments
General account
Liabilities
SAC /SUR charges payable
Escrow Agency Fund
Assets
Cash and investments
General account
Payroll account
Accounts receivable
Total assets
Liabilities
Accounts payable
Deposits
Other liabilities
Withholdings payable
Payroll deductions payable
Union dues payable
Employee activity
Vending machines
Total liabilities
Exhibit L -1
Balance Balance
January 1 Additions Deletions December 31
$ 501,454 $ 234,572 $ 16,074 $ 719,952
$ 501,454 $ 234,572 $ 16,074 L___719,952
$ 96,855 $ 29,501 $ 194 $ 126,162
$ 96,855 $ 29,501 $ 194 $ 126,162
$ 9,560 $ 29,543 $ 37,775 $ 1,328
$ 9,560 $ 29,543 $ 37,775 $ 1,328
$ 3,684 $
5,110,647 $
5,098,297 $
16,034
1,602
2,869,456
2,870,487
571
1,096
155,722
155,310
1,508
$ 6,382 $
8,135,825 $
8,124,094 $
18,113
$ 13 $
116
16
113
5,332
1,500
500
6,332
971
1,482,467
1,483,438
-
(1,422)
631,963
619,875
10,666
669
23,198
23,867
-
455
4,829
4,282
1,002
364
-
364
-
$ 6,382 $ 2,144,073 $ 2,132,342 $ 18,113
-128-
FINANCIAL SCHEDULES
(UNAUDITED)
GENERAL FIXED ASSETS GROUP OF ACCOUNTS
1 General fixed assets are those assets and capital additions of the City which are not accounted for in
P Y
Proprietary Funds.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Comparative Schedule of General Fixed Assets by Source
Year Ended December 31, 1990
General Fixed Assets
Land
Buildings
Improvements other than buildings
Office furniture and fixtures
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 revenue and contributions
Total investments in
general fixed assets
Exhibit M -1
Balance Balance
January 1 Additions Deletions December 31
$ 3,200,822 $ - $ - $ 3,200,822
5,159,065 124,297 - 5,283,362
795,536 419,125 - 1,214,661
1,439,469 285,147 24,180 1,700,436
1,971,235 385,133 24,917 2,331,451
959.317 331.672 - 1.290.989
$ 13,525,444 $ 1,545,374 49,09 $ 15,021,721
$ 90,000 $ - $ - $ 90,000
150,000 - - 150,000
325,000 - - 325,000
510,000 - - 510,000
929.475 - - 929.475
2,004,475 - - 2,004,475
526,290 - - 526,290
267,203 - - 267,203
793,493 - - 793,493
1,761,317 - 9,000
1,752,317
51,550 - -
51,550
1,812,867 - 9,000
1,803,867
8,914,609 1,545,374 40,097
10,419,886
$ 13,525,444 $ 1,545,374 49 097 $ 15,021,721
-129-
GENERAL LONG -TERM DEBT GROUP OF ACCOUNTS
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 revenue.
Exhibit N -1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Statement of General Long -Term Debt
As of December 31, 1990
Amount Available and to be Provided
for the Payment of General Long -Term Debt
Amount available in Debt Service Funds $ 5,175,702
Amount to be provided for retirement of
Long -term debt 11,289,019
Note payable to HRA 17,177
Liability for compensated absences 295,051
Housing and Redevelopment Authority
Note payable 125,905
Liability for compensated absences 8,839
$ 16,911,693
General Long -Term Debt Payable
General obligation bonds payable
Note payable to HRA
Liability for compensated absences payable
Housing and Redevelopment Authority
Note payable
Liability for compensated absences
-130-
$ 16,464,721
17,177
295,051
125,905
8.839
$ 16,911,693
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' Schedule of Funding Available and Funds Required
As of December 31, 1990
Cash and investments
Cash in escrow
Receivables
Proposed Future Tax Levies
Levy/Payable Years
1990/1991
1991/1992
1992/1993
1993/1994
1994/1995
1995/1996
1996/1997
1997/1998
1998/1999
1999/2000
2000/2001
2001/2002
2002/2003
2003/2004
2004/2005
2005/2006
2006/2007
2007/2008
2008/2009
Funding available
Bonds/Future Interest Payable
Bonds
Note Payable
Future interest
Funds required
Balance
Exhibit N -2
Total
$ 3,296,922
1,800,000
999.379
6,096,301
2,000,544
1,932,500
1,915,830
1,892,068
1,810,160
1,500,202
1,434,895
1,209,865
1,112,305
1,015,975
925,700
1,139,188
920,000
920,000
920,000
920,000
920,000
920,000
425.000
23,834,232
29,930,533
16,464,721
17,177
9.169.511
25.651,409
$ 4,279.124
* The proposed future tax levies are equal to the scheduled interest and principal payment for each
year with the exception of 1990/1991 which does not include principal payments to be made
from an escrow account of $1,800,000.
-131-
I
C
-132- 1
Exhibit N -3 ,
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Schedule of
Debt Service Requirements to Maturity
'
As of December 31, 1990
Year
General Obligation
Principal
Bonds
Interest
'
1991
2,895,000
905,544
1992
1,180,000
752,500
'
1993
1,245,000
670,830
1994
1,310,000
582,018
1995
1,320,000
490,160
,
1996
1,095,000
405,202
1997
1,110,000
324,895
1998
960,000
249,865
,
1999
930,000
182,305
2000
900,000
115,975
2001
875,000
50,750
'
2002
636,515
502,673
2003
377,918
542,082
2004
350,584
569,416
2005
327,272
592,728
'
2006
300,822
619,178
2007
280,545
639,455
2008
259,375
660,625
'
2009
111,690
313,310
$ 16,464,721
$ 9,169,511
'
I
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-132- 1
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-133-
Exhibit 0-2
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Sources of Funds
For Housing and Redevelopment Authority
Tax Increment Financing Districts
December 31, 1990
Note (1) Sources of Funds
Real Estate Land Sales
Land Sale
Amount Date Total Cost
Property
Columbia Heights Office Plaza
Evenson Properties
$ 133,500
10/81 $ -
LaBelle Park Condo No. 1
The Gaughan Companies
137,464
10/81 -
Columbia Heights Mall
Evenson Properties
138,167
2/82 -
LaBelle Park Condo No. 2
The Gaughan Companies
168,498
3/82 -
LaBelle Park Condo No. 3
The Gaughan Companies
126,000
9/82 -
University Heights Housing
1
9/84 -
Columbia Park Medical Clinic
Columbia Park Properties
20,000
11/85 -
Sullivan Lake Housing
420,000
11/87 -
Columbia Square
Northeast Partners
146,459
08/88 -
Parkview Villa South Housing
-
08/90 -
$ 1,290,089
$ 6,116,914
(continued)
-134-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Note - Sources of Funds
For Housing and Redevelopment Authority
Tax Increment Financing Districts (continued)
December 31, 1990
Note (2) Sources of Funds
Tax Exempt Obligation Issued on Behalf of Private Entities
Development
Amount
Columbia Heights Office Plaza
Evenson Properties
$ 6,000,000
Columbia Heights Mall
Evenson Properties
4,000,000
4111 Building South
Ruvelson and Associates
775,000
LaBelle Park Condominiums
The Gaughan Companies
9,000,000
Columbia Park Medical Clinic
Columbia Park Properties
5,000,000
Exhibit 0-2
Issue Tvpe
Commercial Redevelopment
Revenue Bonds Series 1981
Commercial Redevelopment
Revenue Bonds Series 1981
Commercial Redevelopment
Revenue Bonds Series 1981
Commercial Redevelopment
Revenue Bonds Series 1980
Commercial Redevelopment
Revenue Bonds Series 1985
Note (3) Sources of Funds
* Individual project costs were not available to be used in Note (1) Sources of Funds. A total
of all projects has been provided.
-135-
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Table H
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Tax Rates
Years 1981 Through 1990
Payable
Year A
city
School
County
Metro
Other
Total
1981
18.153
41.483
25.005
3.832
0.771
89.244
1982
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
1989
.15769
.51364
.27425
.3360
.0786
.98704
1990
.20266
.41329
.28846
.3470
.0988
.94899
(A) For tax collection years 1988 and prior, taxable valuation was calculated based on a specific
formula applied to estimated actual value, which resulted in an assessed valuation, which
was then used as a base upon which to spread the annual tax levies. Beginning in 1989, the
State of Minnesota legislated a change in this formula. This change is intended to reflect the
burden or "tax capacity" that property is able to bear. The new formula results in a
considerably smaller taxable valuation for the City. In this table, for the purpose of
comparison only, 1988 and prior years are reported under the old system of assessed
valuation, while 1990 and 1989 are reported in terms of tax capacity.
(B) Rice Creek Watershed, Mosquito Control, and Housing and Redevelopment Authority.
-137-
Table III
CITY OF COLUMBIA HEIGHTS, MINNESOTA
City Tax Levy
Years 1981 Through 1990
-138-
Bonds
Fiscal
City Levy
General
Police
Fire
and
Year
Total
Fund
Relief
Relief
Interest
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
-
1989
2,391,689
2,298,989
54,266
38,434
-
1990
2,882,056
2,760,455
64,549
57,052
-
-138-
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-142
Table VIII
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Schedule of Insurance in Force
December 31,1990
Coverage Period
Inland Marine
Liquor liability
General liability
Law enforcement
Crime
Auto
Liability
Uninsured motorists
Comprehensive coverage
Workmens' compensation
5/09/90
Amount of Building or
$958,890
Tyne of Coverage
From To Insurance Structure
Contents
5/09/90
Property
$600,000
5/09/90
(80% coinsurance - $1,000 deductible)
5/09/90 5/09/91
5/09/90
City Hall
$ 2,331,586
$ 551,982
Library
1,007,000
1,302,530
City Garage
1,826,321
140,792
Liquor Store
300,000
-
Liquor Store - University Avenue
169,324
Liquor Store - Central Avenue
-
630,178
Community Center
2,500,000
500,000
Sullivan Park
108,129
392,478
Water Tower
346,649
-
Parking Ramp
1,600,000
-
Parking Ramp
1,400,000
-
Total Property
$ 11,589,009
$ 3,517,960
Inland Marine
Liquor liability
General liability
Law enforcement
Crime
Auto
Liability
Uninsured motorists
Comprehensive coverage
Workmens' compensation
5/09/90
5/09/91
$958,890
5/22/90
5/22/91
$500,000
5/09/90
5/09/91
$600,000
5/09/90
5/09/91
$500,000
5/09/90
5/09/91
$100,000
5/09/90
5/09/91
$600,000
2/13/90 2/13/91 Statutory
-143-
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Table X 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Principal City Officials
Year Ended December 31, 1990
Name
Official Title
Mayor and Council
Assistant to City Manager
Edward M. Carlson
Mayor
Gary L. Peterson
Councilmember
Bruce G. Nawrocki
Councilmember
Sean T. Clerkin
Councilmember
Robert W. Ruettimann
Councilmember
Administration
Stuart W. Anderson
Acting City Manager
Linda Magee
Assistant to City Manager
William Elrite
City Clerk- Treasurer, Finance Director
June Johnston
Assistant 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
Evelyn Nygaard
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
-148-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' Miscellaneous Statistical Facts
1990
Date of Incorporation
1 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 Issued
1981
1982
1983
1984
1985
1986
t 1987
1988
1989
1990
Estimated Construction Cost for Issued Permits
' 1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
' -149-
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
644
503
540
525
508
513
556
535
473
486
$ 8,822,479
13,757,934
7,829,198
12,059,779
4,938,226
13,269,300
4,215,085
8,916,756
5,180,247
5,198,200
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Miscellaneous Statistical Facts (continued)
1990
Fire Protection
Table XI
Number of Stations
1
Number of Employees
Full -Time
8
Volunteer
24
Police Protection
Number of Stations
1
Number of Employees
24
Parks
City Parks
13
Playgrounds
11
County Park
1
Schools
Senior High
1
Junior High
1
Elementary
3
Parochial Elementary
1
Employees (as of December 31, 1990)
Regular
107
Part -Time and Temporary
427
534
Elections
Registered Voters - Last City General Election
12,705
Number of Votes Cast Last City General Election
8,591
Percentage of Registered Voters Voting
67.6%
Population
1900
123
1920
2,968
1930
5,613
1940
6,053
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
1989
20,030
1990 (Census)
18,910
-150-
' -151-
Table XII
CITY OF COLUM13IA HEIGHTS, MINNESOTA
Principal Taxpayers
December 31, 1990
'
Percentage
of Total
Taxpayer
Type of Business
Market Value
Market Value
'
Kraus- Anderson
Shopping Mall
$ 5,205,100
.97%
' Zaidan Holdings, Inc.
Office Building
4,800,000
.89
Zaidan Holdings, Inc.
Shopping Mall
4,000,000
.74
' K -Mart Corporation
Discount Store
3,658,900
.68
Columbia Park Properties
Medical Building
3,345,000
.62
tMedtronic Inc.
Medical Manufacturing
3,088,000
.57
City of Columbia Heights
Parking Ramp
1,729,700
.32
Fakenoff, Alex G.
Apartment Buildings
1,485,200
.28
Marion Levine
Apartment Buildings
1,432,400
.27
Cheery Company
Apartment Building
1,335,700
.25
1 North Coast Partners
Shopping Mall
1,252,200
.24
$ 31,332,200
5.83%
Source: Anoka County Assessor's Office
' -151-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
Statement of Legal Debt Margin
December 31, 1990
Market Value of Taxable Property
Debt Limit (2% of Market Value) (Note A)
Amount of Debt Applicable to Debt Limit
Total Bonded Debt $ 16,464,721
Less (Note B)
Tax Increment Bonds 15,004,721
G.O. Refunding Improvement Bonds 1,460,000
Net Debt Applicable to Debt Limit
Table XIII I
$ 540,873,000
$ 10,817,460 '
J
Legal Debt Margin $ 10,817,460
Note A: M.S.A. Section 475.53 (Limit on Debt) Subdivision 1. Generally, except as otherwise provided in Sections
475.51 to 475.75, "no municipality, except a school district or a city of the first class, shall incur or be
subject to a net debt in excess of 2% of the taxable market value."
Note B: M.S.A. Section 475.51 (Definitions) Subdivision4. "Net debt" means the amount remaining after deducting
from its gross debt the amount of current revenues which are applicable within the current fiscal year to the
payment of any debt and the aggregate of the principal of the following:
1. Obligations issued for improvements which are payable wholly or partly from the proceeds of special
assessments levied upon property specially benefitted thereby, including those which are general
obligations of the municipality issuing them, if the municipality is entitled to reimbursement in whole or
in part from the proceeds of the special assessments.
2. Warrants or orders having no definite or fixed maturity.
3. Obligations payable wholly from the income from revenue producing conveniences.
4. Obligations issued to create or maintain a permanent improvement revolving fund.
5. Obligations issued for the acquisition and betterment of public water works systems and public lighting,
heating or power systems, and of any combination thereof or for any other public convenience from
which a revenue is or may be derived.
6. Not applicable. 1
7. Amount of all money and face value of all securities held as a Debt Service Fund for the extinguishment
of obligations other than those deductible under this subdivision. 1
8. All other obligations which under the provisions of law authorizing their issuance are not to be included
in computing the net debt of the municipality. I
-152- 1
r
INDEPENDENT AUDITOR'S REPORT
ON SCHEDULE OF
FEDERAL FINANCIAL ASSISTANCE
PRINCIPALS
KENNETH W. MALLOY, CPA
THOMAS A. KARNOWSKI, CPA
PAUL A. RADOSEVICH, CPA
City Council and Residents
City of Columbia Heights
Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights, Minnesota,
' for the year ended December 31, 1990, and have issued our report thereon dated March 27, 1991. These
general purpose financial statements are the responsibility of the City's management. Our responsibility
is to express an opinion on these general purpose financial statements based on our audit.
tWe conducted our audit in accordance with generally accepted auditing standards and Government
Auditing Standards, issued by the Comptroller General of the United States. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the general purpose financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well
as evaluating the overall general purpose financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
Our audit was made for the purpose of forming an opinion on the general purpose financial statements
taken as a whole. The accompanying schedule of federal financial assistance is presented for purposes
of additional analysis and is not a required part of the general purpose financial statements of the City
' of Columbia Heights. The information in this schedule has been subjected to the auditing procedures
applied in the audit of the general purpose financial statements and, in our opinion, is fairly presented
in all material respects in relation to the general purpose financial statements taken as a whole.
IMarch 27, 1991
410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612 -545 -0424
TELEFAX: 612 -545 -0569
-153-
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-154-
MALLOY PRINCIPALS
ZMKARNOWSKI KENNETH W. MALLOY, CPA
CO.,�■ THOMAS A. KARNOWSKI, CPA
`/ A■ PAUL A. RADOSEVICH, CPA
INDEPENDENT AUDITOR'S SINGLE AUDIT COMBINED
REPORT ON INTERNAL CONTROL STRUCTURE
City Council and Residents
City of Columbia Heights
Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights Minnesota,
as of and for the year ended December 31, 1990, and have issued our report thereon dated March 27,
1991.
We conducted our audit in accordance with generally accepted auditing standards; Government Auditing
' Standards, issued by the Comptroller General of the United States; and Office of Management and Budget
(OMB) Circular A -128, Audits of State and Local Governments. Those standards and OMB Circular
A -128 require that we plan and perform the audit to obtain reasonable assurance about whether the
general purpose financial statements are free of material misstatement.
In planning and performing our audit for the year ended December 31, 1990, we considered the Ci ty of
Columbia Heights' internal control structure in order to determine our auditing procedures for the purpose
' of expressing our opinion on the general purpose financial statements and not to provide assurance on
the internal control structure.
The management of the City of Columbia Heights is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and judgements by management are
required to assess the expected benefits and related costs of internal control structure policies and
procedures. The objectives of an internal control structure 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 general purpose financial statements in accordance with generally accepted
accounting principles, and that federal financial assistance programs are managed in compliance with
applicable laws and regulations. Because of inherent limitations in any internal con_ trol structure, errors,
' irregularities, or instances of noncompliance may nevertheless occur and not be detected. Also,
projection of any evaluation of the structure to future periods is subject to the risk that procedures may
become inadequate because of changes in conditions or that the effectiveness of the design and operation
of policies and procedures may deteriorate.
-155-
410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612 -545 -0424
TELEFAX: 612 -545 -0569
(continued)
For the purpose of this report, we have classified the significant internal control structure policies and
procedures in the following categories: cash receipts /revenue, cash disbursements /expenditures, payroll,
external financial reporting, and grant administration. For all of the internal control structure categories
listed above, we obtained an understanding of the design of relevant policies and procedures and
determined whether they have been placed in operation, and we assessed control risk.
' During the year ended December 31, 1990, the City of Columbia Heights had no major federal financial
assistance programs and expended 74% of its total federal financial assistance under the following
' nonmajor federal financial assistance program: Community Development Block Grant.
We performed tests of controls, as required by OMB Circular A -128, to evaluate the effectiveness of the
design and operation of internal control structure policies and procedures that we have considered relevant
' to preventing or detecting material noncompliance with specific requirements, general requirements, and
requirements governing claims for advances or reimbursements and amounts claimed or used for matching
that are applicable to the aforementioned nonmajor programs. Our procedures were less in scope than
' would be necessary to render an opinion on these internal control structure policies and procedures.
Accordingly, we do not express such an opinion.
We noted certain matters involving the internal control structure and its operation that we consider to be
reportable conditions under standards established by the American Institute of Certified Public
Accountants. Reportable conditions involve matters coming to our attention relating to significant
' deficiencies in the design or operation of the internal control structure that, in our judgement, could
adversely affect the City of Columbia Heights' ability to record, process, summarize, and report financial
data consistent with the assertions of management in the general purpose financial statements or to
' administer federal financial assistance programs in accordance with applicable laws and regulations.
Because of the limited size of your office staff, your organization has limited segregation of duties. A
' good system of internal accounting control contemplates an adequate segregation of duties so that no one
individual handles a transaction from inception to completion. While we recognize that your organization
is not large enough to permit an adequate segregation of duties in all respects, it is important that you
be aware of this condition.
A material weakness is a reportable condition in which the design or operation of one or more of the
' internal control structure elements does not reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in relation to the general purpose financial statements
being audited or that noncompliance with laws and regulations that would be material to a federal
financial assistance program may occur and not be detected within a timely period by employees in the
Inormal course of performing their assigned functions.
Our consideration of the internal control structure would not necessarily disclose all matters in the internal
control structure that might be reportable conditions and, accordingly, would not necessarily disclose all
reportable conditions that are also considered to be material weaknesses as defined above. However, we
believe that the reportable condition described above is a material weakness. This condition was
' considered in determining the nature, timing, and extent of the procedures to be performed in our audit
of the City of Columbia Heights's general purpose financial statements and of its compliance with
requirements applicable to its federal financial assistance programs for the year ended December 31,
' 1990, and this report does not affect our reports thereon dated March 27, 1991.
I(continued)
-156-
In our letter to the City Council, issued in connection with our audit of the City's general purpose
financial statements, we have separately communicated our observations and recommendations regarding
other matters.
This report is intended solely for the use of the City Council and management of the City of Columbia
Heights, the cognizant audit agency, and other federal 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 Council, is a matter of public record.
March 27, 1991
-157-
MALLOY PRINCIPALS
MZK.ARNOWSKI KENNETH W. MALLOY, CPA
C0.9 PLA. THOMAS A. KA I, CPA
PAUL A. RADOSEVICHEVICH, CPA
INDEPENDENT AUDITOR'S COMPLIANCE REPORT
' BASED ON AN AUDIT OF THE GENERAL PURPOSE
FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
City Council and Residents
' City of Columbia Heights
Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights, Minnesota,
for the year ended December 31, 1990, and have issued our report thereon dated March 27, 1991.
' We conducted our audit in accordance with generally accepted auditing standards and Government
Auditing Standards, issued by the Comptroller General of the United States. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement.
Compliance with laws, regulations, contracts, and grants applicable to the City of Columbia Heights is
the responsibility of the City's management. As part of obtaining reasonable assurance about whether
the general purpose financial statements are free of material misstatement, we performed tests of the
City's compliance with certain provisions of laws, regulations, contracts, and grants. However, our
objective was not to provide an opinion on overall compliance with such provisions.
The results of our tests indicate that, with respect to the items tested, the City of Columbia Heights
complied, in all material respects, with the provisions referred to in the preceding paragraph. With
respect to items not tested, nothing came to our attention that caused us to believe that the City had not
complied, in all material respects, with those provisions.
This report is intended solely for the use of the City Council and management of the City of Columbia
Heights, the cognizant audit agency, and other federal 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 Council, is a matter of public record.
' March 27, 1991
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410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612 -545 -0424
TELEFAX: 612- 545 -0569
' MALLOY
KARNOWSKI
& CO., P.A.
INDEPENDENT AUDITOR'S SINGLE AUDIT
REPORT ON COMPLIANCE WITH THE
GENERAL REQUIREMENTS APPLICABLE
TO FEDERAL FINANCIAL ASSISTANCE PROGRAMS
City Council and Residents
' City of Columbia Heights
Columbia Heights, Minnesota
WM101ML7\W-9
KENNETH W. MALLOY, CPA
THOMAS A. KARNOWSKI, CPA
PAUL A. RADOSEVICH, CPA
We have audited the general purpose financial statements of the City of Columbia Heights, Minnesota,
for the year ended December 31, 1990, and have issued our report thereon dated March 27, 1991.
We have applied procedures to test the City of Columbia Heights' compliance with the following
requirements applicable to each of its federal financial assistance programs, which are identified in the
' Schedule of Federal Financial Assistance, for the year ended December 31, 1990: Davis -Bacon Act, civil
rights, cash management, relocation assistance, real property management, and Drug -Free Workplace
Act.
' Our procedures were limited to the applicable procedures described in the Office of Management and
Budget's, Compliance Supplement for Single Audits of State and Local Governments. Our procedures
were substantially less in scope than an audit, the objective of which is the expression of an opinion on
the City of Columbia Heights' compliance with the requirements listed in the preceding paragraph.
Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures disclosed no material instances of
noncompliance with the requirements listed in the second paragraph of this report. With respect to items
not tested, nothing came to our attention that caused us to believe that the City of Columbia Heights had
not complied, in all material respects, with those requirements.
This report is intended solely for the use of the City Council and management of the City of Columbia
Heights, the cognizant audit agency, and other federal 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 Council, is a matter of public record.
March 27, 1991
-159-
410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612 -545 -0424
TELEFAX: 612 -545 -0569
MALLOY
KARNOWSKI
ZIE&CO,PLA.
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE
WITH SPECIFIC REQUIREMENTS APPLICABLE TO
NONMAJOR RELATED FEDERAL FINANCIAL
ASSISTANCE PROGRAM TRANSACTIONS
City Council and Residents
City of Columbia Heights
Columbia Heights, Minnesota
PRINCIPALS
KENNETH W. MALLOY, CPA
THOMAS A. KARNOWSKI, CPA
PAUL A. RADOSEVICH, CPA
We have audited the general purpose financial statements of the City of Columbia Heights, Minnesota,
for the year ended December 31, 1990, and have issued our report thereon dated March 27, 1991.
In connection with our audit of the general purpose financial statements of the City of Columbia Heights,
and with our study and evaluation of the internal control systems used to administer federal financial
assistance programs, as required by OMB Circular A -128, Audits of State and Local Governments, we
selected certain transactions applicable to certain nonmajor federal financial assistance programs for the
year ended December 31, 1990.
As required by OMB Circular A -128, we have performed auditing procedures to test compliance with
the requirements governing types of services allowed or unallowed, eligibility, and any other procedures
that are applicable to those transactions. Our procedures were substantially less in scope than an audit,
the objective of which is the expression of an opinion on the City's compliance with these requirements.
Accordingly, we do not express such an opinion.
With respect to the items tested, the results of those procedures disclosed no material instances of
noncompliance with the requirements listed in the preceding paragraph. With respect to items not tested,
nothing came to our attention that caused us to believe that the City had not complied, in all material
respects, with those requirements.
This report is intended solely for the use of the City Council and management of the City of Columbia
Heights, the cognizant audit agency, and other federal 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 Council, is a matter of public record. O
i
March 27, 1991
410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612 -545 -0424
TELEFAX: 612 -545 -0569
SU0011
�MALLOY
RNOWSKI
CQ,P.A.
INDEPENDENT AUDITOR'S
REPORT ON COMPLIANCE
WITH MINNESOTA STATE LAWS
AND REGULATIONS
City Council and Residents
City of Columbia Heights
Columbia Heights, Minnesota
PRINCIPALS
KENNETH W. MALLOY, CPA
THOMAS A. KARNOWSKI, CPA
PAUL A. RADOSEVICH, CPA
We have audited the general purpose financial statements of the City of Columbia Heights, Minnesota,
for the year ended December 31, 1990, and have issued our report thereon dated March 27, 1991. Our
audit was made in accordance with generally accepted auditing standards and the provisions of the Legal
' Compliance Audit Guide promulgated by the Legal Compliance Task Force pursuant to Minnesota
Statutes Section 6.65. Accordingly, the audit included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
' The Legal Compliance Audit Guide covers five main categories of compliance to be tested: contracting
and bidding, deposits and investments, conflicts 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 of Columbia Heights complied with the material terms and conditions of
applicable legal provisions, except as noted on the Schedule of Findings. Further, for the items not
tested, based on our audit and the procedures referred to above, nothing came to our attention to indicate
' that the City had not complied with such legal provisions.
This report is intended solely for the use of the City Council and management of the City of Columbia
Heights, the cognizant audit agency, and other federal 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 Council, is a matter of public record.
IMarch 27, 1991
410 PARK NATIONAL BANK BUILDING
5353 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
TELEPHONE: 612-545-0424
TELE FAX: 612- 545 -0569
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CITY OF COLUMBIA HEIGHTS
SCHEDULE OF FINDINGS
Year Ended December 31, 1990
Program/Law Resolution of Prior Year Finding
Findings related to the Housing and
Redevelopment Authority:
Comprenhensive Improvement Assistance The Modernization Cost Certificates (HUD Form
Program (CIAP) - 53001) filed for these projects were audited in
Modernization Project Numbers 1990.
MN 105 -901, MN105 -902
' Minnesota Statutes Section 471.38,
Subdivision 2
Current Year Findings
Minnesota Statutes Section 471.38, Subdivision 2
requires that each declaration for payment be
signed to the effect that such account, claim, or
demand is just and correct and that no part of it
has been paid. No such declaration statement was
used by the Housing and Redevelopment Authority
during 1990.
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