HomeMy WebLinkAbout1992 CAFRCOMPREHENSIVE ANNUAL FINANCIAL REPORT
OF THE
CITY OF COLUMBIA HEIGHTS
STATE OF MINNESOTA
' FOR THE YEAR ENDED
DECEMBER 31, 1992
' Prepared By:
Finance Department
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
'
Reference
Page Number
L INTRODUCTORY SECTION
' Principal City Officials
3
Organizational Chart
5
Letter of Transmittal
7
Certificate of Achievement for Excellence in Financial Reporting
15
1 U. FINANCIAL SECTION
Independent Auditor's Report
General Purpose Financial Statements
19
Combined Balance Sheet - All Fund Types and Account Groups
Statement 1
22
Combined Statement of Revenues, Expenditures and Changes in
Fund Balance - All Governmental Fund Types and Expendable Trust Funds
Statement 2
26
Combined Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual - General, Special Revenues
' and Debt Service Fund Types
Statement 3
28
Combined Statement of Revenues, Expenses and Changes in
' Retained Earnings - Proprietary Fund Type
Statement 4
30
Combined Statement of Cash Flows - all Proprietary Fund Types
Statement 5
31
Notes to Financial Statements
33
' Combining. Individual Fund and Account Groull Financial Statements
General Fund:
Balance Sheet
Statement 6
69
Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual
Statement 7
70
'
Schedule of Revenues - Budget and Actual
Statement 8
72
Schedule of Expenditures - Budget and Actual
Statement 9
73
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
Special Revenues Funds:
Combining Balance Sheet
Statement 10
76
Combining Statement of Revenues, Expenditures and Changes in
Fund Balance
Statement 11
78
Statement of Revenues, Expenditures and Changes in
Statement 31
108
Fund Balance - Budget and Actual:
Municipal State Aid Street Fund
Statement 12
80
Cable Television Fund
Statement 13
81
Paratransit Fund
Statement 14
82
D.A.R.E. Program
Statement 15
83
Comparative Statement of Revenues, Expenditures and Changes in
Fund Balance:
Recreation Contributed Projects
Statement 16
84
Contributed Projects
Statement 17
85
Debt Service Funds:
Combining Balance Sheet
Statement 18
88
Combining Statement of Revenues, Expenditures and Changes
in Fund Balance
Statement 19
90
Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
_
Special Assessment Refunding Bonds of 1987
Statement 20
92
Tax Increment Bonds
Statement 21
93
Tax Increment Bonds of 1984
Statement 22
94
Tax Increment Bonds of 1987
Statement 23
95
Tax Increment Taxable Bonds of 1987
Statement 24
96
Tax Increment Capital Appreciation Bonds of 1990
Statement 25
97
Tax Increment Refunding Bonds of 1991
Statement 26
98
Capital Project Funds:
Combining Balance Sheet
Statement 27
100
Combining Statement of Revenues, Expenditures and Changes
in Fund Balance
Statement 28
102
Enterprise Funds:
Combining Balance Sheet
Statement 29
106
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings
Statement 30
107
Combining Statement of Cash Flows
Statement 31
108
Water Utility Fund:
Balance Sheet
Statement 32
110
Statement of Revenues, Expenses and Changes in
Retained Earnings
Statement 33
111
Statement of Cash Flows
Statement 34
112
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference
Page Number
Sewer Utility Fund:
Balance Sheet
Statement 35
113
' Statement of Revenues, Expenses and Changes in
Retained Earnings
Statement 36
114
Statement of Cash Flows
Statement 37
115
Refuse Utility Fund:
Balance Sheet
Statement 38
116
Statement of Revenues, Expenses and Changes in
Retained Earnings
Statement 39
117
Statement of Cash Flows
Statement 40
118
Liquor Fund:
Balance Sheet
Statement 41
119
Statement of Revenues, Expenses and Changes in
Retained Earnings
Statement 42
120
Statement of Cash Flows
Statement 43
121
Internal Service Fund:
Combining Balance Sheet
Statement 44
124
Combining Statement of Revenues, Expenses and Changes in
'
Retained Earnings
Statement 45
125
Combining Statement of Cash Flows
Statement 46
126
' Central Garage Fund:
Balance Sheet
Statement 47
127
Statement of Revenues, Expenses and Changes in
1 Retained Earnings
Statement 48
128
Statement of Cash Flows
Statement 49
129
Insurance Fund:
Balance Sheet
Statement 50
130
Statement of Revenues, Expenses and Changes in
Retained Earrings
Statement 51
131
Statement of Cash Flows
Statement 52
132
Trust and Agency Funds:
Fiduciary Funds:
Combining Balance Sheet
Statement 53
134
Expendable Trust Funds:
Combining Statement of Changes in Assets and Liabilities
Statement 54
135
Fiduciary Funds:
ICombining Statement of Changes in Assets and Liabilities - All Agency Funds
Statement 55
136
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
Housing and Redevelopment Authority Funds:
Combining Balance Sheet
Statement 56
138
Combining Statement of Revenues, Expenses and Changes in
Table 2
159
Fund Balance - All Governmental Fund Types
Statement 57
140
General Fixed Assets Account Group:
Table 4
161
Comparative Schedule of General Fixed Assets - By Source
Statement 58
142
Schedule of Changes in General Fixed Assets - By Function and Activity
Statement 59
143
Schedule of General Fixed Assets - By Function and Activity
Statement 60
144
General Long -Term Debt Account Group:
Table 8
165
Schedule of General Long -Term Debt
Statement 61
146
Schedule of Debt Service Requirements to Maturity
Statement 62
147
ypnlementary Financial Information
Combining Schedule of Bonds Payable
Exhibit 1
150
Schedule of Sources and Uses of Public Funds
For Housing and Redevelopment Authority Tax Increment Financing Districts Exhibit 2 154
Note - Sources of Funds For Housing
and Redevelopment Authority Tax Increment Financing Districts Exhibit 3 155
III. STATISTICAL SECTION
Assessed Value, Tax Capacity, and Estimated
Actual Value of all Taxable Property (A) -1983 Through 1992
Table 1
158
Tax Rates - Years 1983 Through 1992
Table 2
159
City Tax Levy - Years 1983 Through 1992
Table 3
160
Tax Levies and Tax Collections - Years 1983 Through 1992
Table 4
161
Special Assessment Levies and Collections - Years 1983 Through 1992
Table 5
162
General Governmental Revenues By Source - Years 1983 Through 1992
Table 6
163
General Governmental Expenditures By Function - Years 1983 Through 1992
Table 7
164
Principal City Officials
Table 8
165
Miscellaneous Statistics
Table 9
166
CITY OF COLUMBIA HEIGHTS MINNESOTA
TABLE OF CONTENTS
Principal Taxpayers
' Computation of Legal Debt Margin
' Computation of Direct and Overlapping Debt
Property Value, Construction and Bank Deposits - Years 1983 Through 1992
IV. SINGLE AUDIT AND OTHER REQUIRED REPORTS SECTION
Independent Auditor's Report on Supplementary Information -
Schedule of Federal Financial Assistance
'Schedule of Federal Financial Assistance
Independent Auditor's Report on Compliance With General Requirements Applicable to Federal
Financial Assistance Program
Independent Auditor's Report on the Compliance with Nonmajor Federal Financial
Assistance Programs
Independent Auditor's Report on the Internal Control Structure
in Accordance With Government Auditing Standards
' Independent Auditor's Report on the Internal Control Structure Used in Administering
Federal Financial Assistance Programs
Independent Auditor's Compliance Report based on an Audit of the General Purpose
Financial Statements Performed in Accordance with Government Auditing Standards
Page Number
Table 10
168
Table 11
169
Table 12
170
Table 13
171
175
177
179
181
183
187
193
I.
INTRODUCTORY SECTION
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS MINNESOTA
PRINCIPAL CITY OFFICIALS
December 31, 1992
iCITY
COUNCIL
Donald J. Murzyn, Jr., Mayor
Gary L. Peterson
Councilmember
Bruce G. Nawrocki
Councilmember
( Sean T. Clerkin
Councilmember
Robert W. Ruettimann
Councilmember
CITY MANAGER
Stuart Anderson (Retired March 31, 1993)
Patrick Hentges (Effective April 1, 1993)
FINANCE DEPARTMENT
William J. Elrite, Finance Director
i
t
June V. Johnston, Assistant Finance Director
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS
ORGANIZATIONAL CHART
Gary L. Peterson
Bruce G. Nawrocki
Sean T. Clerkin
Robert W.Ruettima
Police Chief
David Mawhorter
Secretary II
Clerk- Typist II
Police Captain
Patrol Sergeants (4)
Patrol Officers (15)
Comm. Service Officers
(2 FT &2PT)
Ir. Records Technician
Secretary II -A (2)
Clerk- Typist II (PT)
Fire Chief:
Charles Kewatt
Secretary II (PT)
3eputy Fire Chief
Firefighters (6)
Library Director:
M. Rebecca Loader
Clerk- Typist II (2)
Library Supervisor (5 PT)
Page (8 PT)
Choreperson (PT)
tdult Service Specialist
;hildren's Librarian
tecreation Director:
Mark Casey
Clerk- Typist II (2)
ienior Citizen Coordinator
lead Custodian
:ustodian II (2 PT)
:ustodian I (2 PT)
*Also serves in the capacity of Deputy City Clerk under the
Finance Director /City Clerk /Treasurer.
Special Projects Coc
Special Assessments
Accounting Clerk II
Clerk- Typist II (PT)
Building Inspector
Asst. Building Inspector
Secretary U
?finance Director /City Clerk /Treasurer:
William Elrite
Secretary H (PT)
tssistant Finance Director
Accounting Coordinator
Payroll/Accounting Clerk
Utilities Accounting Clerk II
Utilities Accounting Clerk I
Switchboard Operator /Receptionist
Meter Readers (2 PT)
.iquor Operations Manager
Asst. Operations ,Managers (2)
Retail Clerks (17 PT)
Liquor Store Supervisor
'ubllc Works Director /City Engineer:
Mark Winson
Secretary II -A
Clerk- Typist II
tssistant City Engineer
Engineering Technician IV
Engineering Technician III
Engineering Technician II
'ublic Works Superintendent
Foreman (9)
Maintenance M (1)
Maintenance It (6)
Maintenance I (9)
Foreman- Vehicle Maintenance
Maintenance III- Mechanic
Maintenance III - Bodyman /Painter
►dmin. Assistant -Public Works
Clerical /Purchasing Clerk
Charter
Police, Pyre & Civil
Service
Downtown Development
Insurance
Traffic
Cable Communications
Planning & Zoning
Human Services
Park
Merit
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS
590 40th Avenue N. E.
Columbia Heights, MN 55421 -3878
t(612) 782 -2800
' April 30, 1993
Mayor
Donald J. Murzyn, Jr.
Councilmembers
Sean T. Clerkin
Bruce G. Nawrocki
Gary L. Peterson
Robert W. Ruettimann
City Manager
Patrick Hentges
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 December 31, 1992 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 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 four sections: Introductory,
Financial, Statistical, and Other Required Reports. The Introductory Section includes this
transmittal letter, the City's organizational chart, and a list of principal officials, and a reproduction
of the Certificate of Achievement for the prior year. 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 and a Minnesota Legal
Compliance Audit. Information related to this single audit and compliance audit, including the
Schedule of Federal Financial Assistance, is included in the Single Audit and Other Required
Reports Section.
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, 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.
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,��; "SERVICE IS OUR BUSINESS" EQUAL OPPORTUNITY EMPLOYER � i�7
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
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.
During 1991, the State of Minnesota cut Local Government Aid (LGA) to cities due to financial
deficits. The State continued to experience financial difficulties during 1992 and as a result, further
cuts were made in LGA. In June 1992, local governments also were required to begin paying
State sales tax on most purchases in order to help fund the State deficit. In spite of the cut in aid
' and the increased tax burden, the City Council and staff controlled expenditures and under spent
the 1992 budget. As a result of their care and diligence, there was no tax increase for City property
owners for the 1993 budget year.
The City continues to pursue an active role in redevelopment. A Business Revolving Loan Fund
loan was completed to REM Foods. As a result, the business has generated 40 full and part-time
jobs in Columbia Heights. The City also participates in the first time home buyer program. These
7.15% and 7.1% 30 year term loans are assisting 18 low to moderate income families purchasing
homes in Columbia Heights.
Employment in the City has remained stable, and the City is promoting the expansion and creation
of new business in the community. The Housing and Redevelopment Authority (HRA) staff
prepared and provided City promotion packets to local banks, local businesses and businesses
interested in possibly relocating to Columbia Heights. In addition, staff prepared and provided
new homeowner City promotion packets to Welcome Wagon, realtors and others for new
homeowners moving into Columbia Heights.
Economic conditions have continued to remain stable in the City. As a result of effective financial
management, the City continues to maintain a strong financial position and that trend is expected to
continue.
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For the Year
MAJOR R41MTIVES
David Mawhorter was hired as the new Chief of Police in March of 1992. With the hiring of Chief
Mawhorter came the beginning of a new direction for the City's police department with the
implementation of community oriented policing. With community oriented policing comes a
commitment to a partnership with the citizens of Columbia Heights. Some aspects of the
community oriented police program that were implemented in 1992 include a police/school liaison
officer, a community oriented police officer for Hilltop and for Grid 8 and the Police Chief s
forum.
During 1992, City personnel, with the assistance of community volunteers, completed an 1890's
theme skating rink at Huset Park. This project was the result of many hours of hard work by all
involved. The citizens of Columbia Heights now have a unique skating rink that will be enjoyed
by residents of all ages for years to come.
6
In the Spring of 1992, a volunteer coordinator was hired in the Recreation Department. The hiring
of a volunteer coordinator began the development of a volunteer program in the City. From May to
December staff was interviewed to gather information on current volunteer positions and to identify
the need for additional positions. Volunteers are currently involved in: City Beautification Project;
microfilming, ordinance searches and other office functions; development of business survey for
HRA; etc.
ffevmilt .s
With future cuts in State Aid anticipated, City personnel are concentrating on maximizing available
resources and expanding on profitable enterprises. One such expansion is planned for the liquor
operations. A third liquor store will be opened at 37th and Stinson by the City in 1993. Over the
years the City's liquor operation has been profitable and contributed hundreds of thousands of
dollars for City vehicles and equipment. It is anticipated that profits will continue to grow with this
expansion.
The volunteer program will continue development in the future. This program should enable the
City to undertake projects with volunteers that would otherwise not be done. Volunteers should
also enhance the performance of City staff.
During 1993, the City Finance Department will undertake the accounting functions for the BRA
that were previously handled by an outside accounting service. This change should result in more
uniformity and a savings of approximately $20,000 for City residents.
General Government Functions
Revenues for City general government functions (General, Special Revenue, Debt Service and
Capital Project Funds) during 1992 totaled $9,786,762, which is an increase of 4.5% from 1991.
Property taxes received for the City produced 36% of general revenues compared to 37% last year.
The amount of revenues from various sources of their changes from last year are shown below:
Amount
of Increase
Percent (Decrease)
Revenue Source Amount of Total from 1991
Taxes
Special assessments
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Interest
Other revenue
Total revenues
1111
$3,496,720
315,014
125,275
3,504,973
442,636
104,673
803,393
994,358
36%
3%
1%
36%
5%
1%
8%
10%
$22,237
(143,530)
(39,670)
255,304
18,090
(11,713)
85,368
239,865
$9,787,042 100C/0 $425195
Tax revenue increased due to an increase in the levy to compensate for the loss of a portion of local
government aid. Intergovernmental revenue increased due to an unexpected distribution of funds
by the State of Minnesota. Since this was most likely a one -time distribution, the funds were
designated for the 1993 budget and as a result there was no increase in the City property tax levy
for 1993.
The expenditures for City general government functions for 1992 totaled $9,489,600, a decrease
of 27.4% from 1991. The total expenditures for major City functions and their changes from last
year are shown below:
Amount
of Increase
Percent (Deane)
Expenditure Function Amount of Total from 1991
General government $1,356,795 14% $71,413
Public safety 2,563,788 27% 25,573
Public works 819,300 9% (71,833)
Sanitation 176,216 2% 68,108
Parks and recreation 1,044,021 11% 89,785
Library 383,933 4% (6,318)
Other & contingencies 259,283 3% (4,450)
Capital outlay 613,462 6% (2,077,679)
Debt service 2,272,802 24% (1,677,881)
Total expenditures $9,489,600 100% $3,5832&?)
The decreases in capital outlay and debt service respectively were due to the completion of the
major portion of the senior housing project ($1.7 million) in 1991 and to $1.8 million paid from
escrow in 1991 for refunding of a bond issue. Increases in sanitation, parks and recreation were
due to higher incidences of Dutch elm disease and program expansion.
General Fund Balance
The fund balance of the General Fund decreased by 3.6 %. The decrease in fund balance was due
to the fact that the City Council established funds for Infrastructure Replacement and compensated
absences during the year and transferred $300,000 and $100,000 respectively to these funds. If
these transfers had not be made, there would have been an increase to fund balance of 9.6% or
$292,771. The total fund balance of $2,925,866 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.
l nt=rise Operations
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 $4,822,423 in 1992. This
resulted in a total net operating income of $347,646, a slight decrease from 1991. Liquor
operations will be expanding to three stores in 1993 and growth and profitability are expected to
continue.
11
Water, Sewer and Refuse Utilities all experienced operating income increases during 1992.
Operating incomes of $244,635 and $20,778 in the Water and Sewer Funds were the result of
substantial rate increases in these areas. This was the first rate increase for Columbia Heights
residents in this area since 1982. The Refuse Utility experienced an operating income of $160,865
during 1992, an increase of $29,424 over 1991.
During the year, the City Council designated funds from the Sewer and Water Utilities for capital
equipment replacement and construction.
The City maintains two Internal Service Funds - the Central Garage Fund and the Insurance Fund.
The Central Garage Fund is a self sustaining fund providing service to other departments within
the City and for which user fees are paid by the using department. In 1992, the Central Garage
Fund had a small net loss.
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 are used to account for assets held by the City in an agency capacity for individuals,
private organizations, other governments, or other funds. The City has Agency Funds for deferred
compensation, permit surcharge, and escrow.
Trust Funds are used to account for assets held by the City in a trustee capacity. The City has
expendable trust funds for compensated absences and flex benefits.
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 6.48 %.
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
At December 31, 1992, the City had a number of debt issues outstanding. These issues included
$18,149,721 of General Obligation Tax Increment Bonds and $910,000 of Permanent
Improvement Special Assessment Debt with City commitment. The City issued $6,670,000
General Obligation Tax Increment Refunding Bonds in 1991 to refund the Tax Increment
Refunding Bonds of 1987. Bond proceeds were placed in an escrow account until the call date,
March 1, 1994.
12
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 1992, the City settled a bodily injury claim due to alleged excessive
force by police personnel for $24,000. There were no significant claims pending at year end.
OTHER INFORMATION
State Statutes require an annual audit by independent certified public accountants. The accounting
firm of Tautges, Redpath & Co., Ltd. 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.
i�
The Government Finance Officers' Association (GFOA) awarded a Certificate of Achievement for
Excellence in Financial Reporting to the City for its Comprehensive Annual Financial Report for
the year ended December 31, 1991. In order to be awarded a Certificate of Achievement, the City
published an easily readable report that satisfied both generally accepted accounting principles and
applicable legal requirements. A Certificate of Achievement is valid for one year only. We believe
that our current Comprehensive Annual Financial Report continues to meet the Certificate of
Achievement Program's requirements and we are submitting it to the GFOA to determine its
eligibility for another certificate.
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.
We would like to express special appreciation to Gary Braaten, Accounting Coordinator for all of
his hard work and assistance.
In closing, without the leadership and support of the City Manager and City Council, preparation
of this report would not have been possible.
Sincerely,
�ZK
William J. E 'te
Finance Director
L
June V. Johnston
Assistant Finance Director
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Columbia Heights,
Minnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1991
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
�pNGE OfpjC
OF
UNITED STATES y
AND N
GNA01 6��;President
CWWMW SELL
s
Y/ v
Executive Director
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
J
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II.
FINANCIAL SECTION
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
*TA ES, W EON 6 H & CO., L T®.
CERTIFIED PUBLIC ACCOUNTANTS
IINDEPENDENT AUDITOR'S REPORT
To the Honorable Mayor and
Members of the City Council
City of 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, 1992 as listed in the table of contents. These financial statements are the responsibility
of the City's management. Our responsibility is to express an opinion on these 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 financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the
financial position of the City of Columbia Heights, Minnesota, as of December 31, 1992, and the results of its
' operations and its cash flows of its 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, individual fund, account group financial statements, supporting schedules and statistical
information in the table of contents is presented for purposes of additional analysis and is not a required part of the
financial statements of the City of Columbia Heights, Minnesota. Such information, except for that portion marked
"unaudited ", on which we express no opinion, 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.
April 6, 1993
TAUTGES, REDPATH k CO., LTD.
Certified Public Accountants
19
4810 White Bear Parkway o White Bear Lake, Minnesota 55110 o 612/426 -7000 o FAX /426 -5004 o Member of HLB International
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
I GENERAL PURPOSE FINANCIAL
STATEMENTS
' These general purpose financial statements are part of the
Comprehensive Annual Financial Report, presenting only aggregate
data by fund type and account group, together with notes to the
financial statements, and constitutes "fair presentation in conformity
with generally accepted accounting principles."
It is felt that these general purpose financial statements will be a
' benefit to users requiring less detailed information about our City's
finances.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET -
ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1992
With Primary Government Comparative Totals For December 31, 1991
Assets
Cash and cash equivalents
Temporary investments
Cash and investments held in escrow
Receivables:
Accounts
Special assessments
Taxes
Interest
Loans
Due from other governmental units
Due from other funds
Due from primary government
Due from component unit
Prepaid expense
Assets held by deferred compensation trustees
Inventory, at cost
Fixed assets, net of accumulated depreciation
Other assets
Other debits:
Amount available in Debt Service Funds
Amount to be provided for retire-
ment of general long -term debt
Amount to be provided for
compensated absences
Amount to be provided for notes payable
Total assets
$3,297,631 $1,661,023 $9,538,734 $5,002,114 $9,114,236 $1,071,497
22 The accompanying notes are an integral part of these financial statements.
Proprietary
Governmental Fund Types
Fund Types
Special
Debt
Capital
Internal
General
Revenue
Service
Project
Enterprise
Service
$3,072,563
$ -
$ -
$ -
$883,842
$567,787
-
451,823
2,350,477
4,499528
2,941,435
-
-
433,966
6,526,149
-
-
-
12,451
32,806
-
12,210
779,343
52
-
561,631
58,287
434,192
-
-
141,101
-
580,860
-
-
-
18,145
2,531
21,322
31,576
32,147
4,023
49,224
73,24()
-
-
168,997
-
105,026
-
-
-
-
3,827
-
1,639
24,608
-
-
320
-
-
-
55,910
65,999
-
-
-
-
406,765
85,886
-
-
-
-
3,845,797
347,750
$3,297,631 $1,661,023 $9,538,734 $5,002,114 $9,114,236 $1,071,497
22 The accompanying notes are an integral part of these financial statements.
Statement 1
Page 1 of 2
The accompanying notes are an integral part of these financial statements. 23
Totals
Component
(Memorandum
Fiduciary
Totals
Unit
Only)
Fund Type
Account Groups
(Memorandum Only)
Housing and
Reporting
Trust and
General
General Long-
Primary
Government
Redevelopment
Entity
Agency
Fixed Assets
Term Debt
1992
1991
Authority
1992
$112,789
$ -
$ -
$4,636,981
$3,650,889
$747,484
$5,384,465
-
-
-
10,243,263
10,170,581
-
10,243,263
-
-
-
6,960,115
6,543,268
-
6,960,115
318
-
-
837,180
734,877
5,066
842,246
-
-
-
1,054,110
1,235,918
-
1,054,110
-
-
-
721,961
496,982
3,362
725,323
-
-
-
109,744
92,903
264
110,008
-
-
-
-
-
410,106
410,106
291,461
511,472
61,032
352,493
-
-
-
105,026
242,093
68,663
173,689
-
-
-
-
-
4,466
4,466
-
-
-
30,074
11,665
-
30,074
-
-
-
122,229
121,805
7,849
130,078
1,195,530
-
-
1,195,530
940,934
172,111
1,367,641
-
-
-
492,651
568,500
-
492,651
-
11,923,785
-
16,117,332
16,316,963
5,066,689
21,184,021
-
-
-
-
-
89,966
89,966
-
-
8,916,964
8,916,964
9,603,694
-
8,916,964
-
-
10,502,247
10,502,247
10,811,471
-
10,502,247
-
-
343,397
343,397
329,244
9,590
352,987
-
-
15,982
15,982
16,609
-
15,982
$1,308,637
$11,923,785
$19, 778, 590
$ 62,696,247
$62,399,868
$6,646,648
$69,342,895
The accompanying notes are an integral part of these financial statements. 23
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET- ,
ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1992
With Primary Government Comparative Totals For December 31, 1991 '
Proprietary ,
Governmental Fund Types Fund Types
Special Debt Capital Internal
General Revenue Service Project Enterprise Service ,
Liabilities, equity and other credits
Liabilities:
-
- -
- 1,563,879
188,849
Accounts payable
$63,536
$12,473
$ -
$68,616
$203,188 $12,755
Contracts payable, retained percentage
-
4,477
-
494
595 -
Notes payable
-
-
_
_
_ _
Accrued salaries and withholdings payable
104,520
640
-
1,363
65,596 15,191
Deferred compensation payable
-
-
-
-
_ _
Due to other governmental units
66,829
-
-
-
54,591 -
Due to other funds
-
105,026
-
-
- -
Due to primary government
-
-
-
Due to component unit
4,075
-
391
-
- -
Deferred revenue
132,805
594,989
628,000
431,904
- -
Bonds payable
-
-
_
-
Accrued interest payable
-
-
5,202
-
- -
Deposits
_
_
-
Insurance and taxes in escrow
Compensated absences payable
Other liabilities
_
_
_
Total liabilities
371,765
717,605
633,593
502,377
323,970 27,946
Equity and other credits:
Contributed capital
-
- -
- 1,563,879
188,849
Investment in general fixed assets
-
_
_ _
-
Retained earnings:
Reserved
-
- -
- 2,577,320
639,904
'
Unreserved
-
- -
- 4,649,067
214,798
Fund balance (deficit):
Reserved
320
433,966 -
- _
_
Unreserved:
Designated
2,925,546
750 8,905,141
-
Undesignated
-
508,702 -
4,499,737
Total equity and other credits
2,925,866
943,418 8,905,141
4,499,737 8,790,266
1,043,551
Total liabilities, equity and other credits
$3,297,631
$1,661,023 $9,538,734
$5,002,114 $9,114236
$1,071,497
24 The accompanying notes are an integral part of these financial statements. I
Statement 1
Page 2 of 2
434,286 95,366 332,100 766,386
100,000 -
- 11,931,437
13,073,504
23,540
11,954,977
Totals
- 5,006,069
3,518,309
349,988
5,356,057
Component
(Memorandum
Fiduciary
5,772,317
Totals
$1,308,637 $11,923,785
Unit
Only)
Fund Type
Account Groups
(Memorandum
Only)
Housing and
Reporting
Trust and
General General Long-
Primary Government
Redevelopment
Entity
Agency
Fixed Assets Term Debt
1992
1991
Authority
1992
$2,370
$ - $ -
$362,938
$441,007
$41,269
$404,207
5,566
15,517
5,566
-
- 15,982
15,982
16,609
-
15,982
' -
-
187,310
150,270
7,252
194,562
1,195,530
=
1,195,530
940,934
172,111
1,367,641
-
- -
121,420
51,835
34,034
155,454
105,026
242,093
68,663
173,689
=
=
30,074
30,074
-
- -
4,466
6,303
-
4,466
-
1,787,698
1,667,441
425,586
2,213,284
' =
19,059,721
19,059,721
20,415,165
19,059,721
-
- 359,490
364,692
57,943
-
364,692
10,475
-
10,475
6,632
10,265
20,740
-
6,634
6,634
-
- 343,397
343,397
329,244
9,590
352,987
2,632
- -
2,632
4,470
68,853
71,485
1,211,007
0 19,778,590
23,566,853
24,345,463
874,331
24,441,184
-
- -
1,752,728
1,817,958
-
1,752,728
-
11,923,785 -
11,923,785
12,355,567
5,066,990,474
6,689
1
' -
- -
3,217,224
3,529,414
-
3,217,224
-
- -
4,863,865
3,664,287
-
4,863,865
434,286 95,366 332,100 766,386
100,000 -
- 11,931,437
13,073,504
23,540
11,954,977
' (2,370) -
- 5,006,069
3,518,309
349,988
5,356,057
97,630 11,923,785
0 39,129,394
38,054,405
5,772,317
44,901,711
$1,308,637 $11,923,785
$19,778,590 $62,696,247
$62,399,868
$6,646,648
$69,342,895
IThe accompanying notes are an integral part of these financial statements. 25
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND '
CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
For The Year Ended December 31, 1992
With Primary Government Comparative Totals For The Year Ended December 31, 1991
Revenues:
Taxes
Special assessments
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeits
Interest
Other revenues
Total revenues
Expenditures:
Current:
General government
Public safety
Public works
Sanitation
Parks and recreation
Library
Other
Contingencies
Capital outlay
Debt service
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Bond proceeds
Operating transfers in
Operating transfers out
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
Governmental Fund Types '
Special
General Revenue
$2,388,718
$ -
-
95,366
125,275
-
3,238,950
266,023
349,875
92,761
104,673
-
136,814
19,970
19,599
566,674
6,363,904
1,040,794
1,356,795
-
2,563,788
-
819,300
-
176,216
-
998,970
45,051
383,933
-
-
238,709
18,204
-
-
140,966
6,317,206
424,726
46,698
616,068
493,439
110,669
(647,366)
(56,302)
(153,927)
54,367
(107,229)
670,435
3,033,095
272,983
$2,925,866
$943,418
26 The accompanying notes are an integral part of these financial statements.
Statement 2
(698,553) 335,599 (2,370) 297,442 (3,711,791) (40,912) 256,530
I-
-
-
-
6,670,000
-
-
1,593,410
443,863
100,000
2,741,381
4,195,560
Totals
2,741,381
(1,593,410)
(57,132)
-
(2,354,210)
Component
(Memorandum
(2,354,210)
i 0
Fiduciary
100,000
387,171
Unit
Only)
387,171
' (698,553)
Fund Type
Totals (Memorandum Only)
Housing and
Reporting
Debt
Capital
Expendable
Primary
Government
Redevelopment
Entity
Service
Project
Trust
1992
1991
Authority
1992
$1,108,002
$ -
$ -
$3,496,720
$3,474,483
$58,723
$3,555,443
' 51,814
167,834
315,014
458,544
315,014
125,275
164,945
125,275
-
-
-
3,504,973
3,249,669
253,295
3,758,268
-
442,636
424,546
442,636
104,673
116,386
104,673
405,691
240,918
-
803,393
718,025
55,141
858,534
8,742
399,343
-
994,358
754,493
530,157
1,524,515
1,574,249
808,095
0
9,787,042
9,361,091
897,316
10,684,358
-
-
-
1,356,795
1,285,382
-
1,356,795
=
=
2,563,788
2,538,215
-
2,563,788
'
819,300
891,133
819,300
-
-
-
176,216
108,108
-
176,216
-
-
-
1,044,021
954,236
-
1,044,021
'
-
383,933
390,251
-
383,933
2,370
241,079
259,930
921,257
1,162,336
-
-
-
18,204
3,803
-
18,204
-
472,496
613,462
2,691,141
16,971
630,433
2,272,802
2,272,802
3,950,683
-
2,272,802
2,272,802
472,496
2,370
9,489,600
13,072,882
938,228
10,427,828
(698,553) 335,599 (2,370) 297,442 (3,711,791) (40,912) 256,530
I-
-
-
-
6,670,000
-
-
1,593,410
443,863
100,000
2,741,381
4,195,560
-
2,741,381
(1,593,410)
(57,132)
-
(2,354,210)
(3,856,719)
-
(2,354,210)
i 0
386,731
100,000
387,171
7,008,841
0
387,171
' (698,553)
722,330
97,630
684,613
3,297,050
(40,912)
643,701
9,603,694
3,777,407
-
16,687,179
13,390,129
746,540
17,433,719
$8,905,141
$4,499,737
$97,630
$17,371,792
$16,687,179
$705,628
$18,077,420
The accompanying notes are an integral part of these financial statements. 27
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUND TYPES
For The Year Ended December 31, 1992
Expenditures:
General
Special
Revenues
Current:
Over
Over
General government
1,439,238
(Under)
(82,443)
-
(Under)
-
Budget
Actual
Budget
Budget
Actual
Budget
Revenues:
Public works
899,929
819,300
(80,629)
-
-
Taxes
$2,418,914
$2,388,718
($30,196)
$ -
$ -
$ -
Special assessments
-
-
998,970
(76,336)
-
-
Licenses and permits
152,450
125,275
(27,175)
-
-
-
Intergovernmental
3,020,274
3,238,950
218,676
326,153
252,690
(73,463)
Charges for services
337,515
349,875
12,360
87,662
90,916
3,254
Fines and forfeits
120,850
104,673
(16,177)
-
-
-
Interest
120,000
136,814
16,814
8,500
16,366
7,866
Other revenues
30,250
19,599
10,651
26,533
71,920
45,387
Total Revenues
6,200,253
6,363,904
163,651
448,848
431,892
(16,956)
Expenditures:
Current:
General government
1,439,238
1,356,795
(82,443)
-
-
-
Public safety
2,620,458
2,563,788
(56,670)
-
-
-
Public works
899,929
819,300
(80,629)
-
-
-
Sanitation
137,515
176,216
38,701
-
-
-
Parks and recreation
1,075,306
998,970
(76,336)
-
-
-
Library
396,390
383,933
(12,457)
-
-
-
Other
-
-
-
263,659
215,632
(48,027)
Contingencies
104,200
18,204
(85,996)
-
-
-
Total current expenditures
6,673,036
6,317,206
(355,830)
263,659
215,632
(48,027)
Capital outlay
-
-
-
411,340
132,646
(278,694)
Debt service
_
_
Total expenditures
6,673,036
6,317,206
(355,830)
674,999
348,278
326,721
Revenues over (under) expenditures
472,783
46,698
519,481
226,151
83,614
309,765
Other financing sources (uses):
Operating transfers in
507,616
493,439
(14,177)
12,000
15,303
3,303
Operating transfers out
452,000
(647,366)
195,366
2( 25,349)
(56,302)
169,047
Total other financing sources (uses)
55,616
153,927
(209,543)
213,349
(40,999)
172,350
Net increase (decrease) in fund balance
($417,167)
(107,229)
$309,938
($439,500)
42,615
$482,115
Fund balance - January 1
3,033,095
226,979
Fund balance - December 31 $2,925,866 $269,594
28 The accompanying notes are an integral part of these financial statements.
Budget
$1,060,000
42,940
434,933
4,500
1,542,373
r
2,279,433
2,279,433
(737,060)
1,598,410
(1,596,910)
1,500
($735,560)
Totals (Memorandum Only)
Debt Service Fund 1992
Actual
$1,108,002
51,814
405,691
8,742
1,574,249
0
2,272,802
2,272,802
(698,553)
1,593,410
(1,593,410)
0
(698,553)
9,603,694
$8,905,141
Over
(Under)
Budget
$48,002
8,874
(29,242)
4,242
31,876
0
(6,631)
(6,631)
38,507
(5,000)
3,500
(1,500)
$37,007
Budget
$3,478,914
42,940
152,450
3,346,427
425,177
120,850
563,433
61,283
8,191,474
1,439,238
2,620,458
899,929
137,515
1,075,306
396,390
263,659
104,200
6,936,695
411,340
2,279,433
9,627,468
(1,435,994)
2,118,026
(2,274,259)
(156,233)
($1,592,227)
Actual
$3,496,720
51,814
125,275
3,491,640
440,791
104,673
558,871
100,261
8,370,045
1,356,795
2,563,788
819,300
176,216
998,970
383,933
215,632
18,204
6,532,838
132,646
2,272,802
8,938,286
(568,241)
2,102,152
(2,297,078)
(194,926)
(763,167)
12,863,768
$12,100,601
The accompanying notes are an integral part of these financial statements.
Statement 3
Over
(under)
Budget
$17,806
8,874
(27,175)
145,213
15,614
(16,177)
(4,562)
38,978
178,571
(82,443)
(56,670)
(80,629)
38,701
(76,336)
(12,457)
(48.027)
(85,996)
(403,857)
(278,694)
(6,631)
(689,182)
867,753
(15,874)
(22,819)
(38,693)
$829,060
29
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENSES AND Statement 4
CHANGES IN RETAINED EARNINGS
PROPRIETARY FUND TYPES
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Operating revenues:
Charges for services
Charges for sales
Intergovernmental
Total operating revenues
Operating expenses:
Costs of sales, services, and goods sold
Operating expense
Depreciation
Total operating expenses
Net income from operations
Other revenues (expenses):
Interest income
Miscellaneous revenues
Miscellaneous expenses
Net other revenues (expenses)
Net income before operating transfers
Operating transfers:
Operating transfers in
Operating transfers out
Total operating transfers
Net income
Credit for depreciation on contributed assets
Net increase in retained earnings
Retained earnings - January 1
Retained earnings - December 31
30 The accompanying notes are an integral part of these financial statements.
Internal
Totals
Enterprise
Service
(Memorandum Only)
'
Funds
Funds
1992
1991
$2,543,180
$272,712
$2,815,892
$2,610,891
,
5,995,973
52,111
6,048,084
5,627,522
29,856
-
29,856
50,458
8,569,009
324,823
8,893,832
8,288,871
'
5,247,275
243,021
5,490,296
5,225,254
2,319,187
52,453
2,371,640
2,571,842
228,623
29,071
257,694
272,483
7,795,085
324,545
8,119,630
8,069,579
'
773,924
278
774,202
219,292
246,848
31,512
278,360
285,486
44,633
117,202
161,835
32,096
(5,067)
-
(5,067)
(1,818)
'
286,414
148,714
435,128
315,764
1,060,338
148,992
1,209,330
535,056
,
754,394
4,000
758,394
260,078
,
(1,141,565)
(4,000)
(1,145,565)
(598,919)
(387,171)
0
(387,171)
(338,841)
673,167
148,992
822,159
196,215
65,229
-
65,229
65,229
738,396
148,992
887,388
261,444
6,487,991
705,710
7,193,701
6,932,257
$7,226,387
$854,702
$8,081,089
$7,193,701
■
30 The accompanying notes are an integral part of these financial statements.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'COMBINED STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPES
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Cash flows from operating activities:
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenues
Miscellaneous expenses
Net cash flows from operating activities
Cash flows from noncapital financing activities:
Operating transfers in from other funds
Operating transfers (out) to other funds
Net cash from noncapital financing activities
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Disposition of fixed assets
Net cash flows from capital and related financing activities
Cash flows from investing activities:
Purchase of investments
Proceeds from sale and maturity of investments
Interest earned on investments
Net cash from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income to net
cash provided (used) by operating activities:
Operating income
Adjustments to reconcile operating
income (loss) to net cash provided
(used) by operating activities:
Miscellaneous revenues
Miscellaneous expenses
Depreciation expense
Changes in assets and liabilities:
Accounts receivable
Due from other governmental units
Inventory, at cost
Prepaid expenses
Accounts payable
Accrued salaries and
withholdings payable
Due to other governmental units
Total adjustments
Net cash flows from operating activities
Statement 5
Internal Totals
Enterprise Service (Memorandum Only)
Funds Funds 1992 1991
$8,470,231
$328,274
$8,798,505
$8,309,377
(6,892,212)
(189,126)
(7,081,338)
(7,063,733)
(592,752)
(124,103)
(716,855)
(731,173)
44,633
117,202
161,835
32,096
(5,067)
-
(5,067)
(1,818)
1,024,833
132,247
1,157,080
544,749
4,000 4,000 42,800
(387,171) (4,000) (391,171) (381,641)
(387,171) 0 (387,171) (338,841)
(466,243)
(26,673)
(492,916)
(243,943)
1,505
-
1,505
-
(464,738)
(26,673)
(491,411)
(243,943)
(97,986)
3,451
(94,535)
(29,809)
(731,977)
-
(731,977)
(155,052)
835,969
331,191
1,167,160
-
239,771
30,755
270,526
376,138
343,763
361,946
705,709
221,086
516,687
467,520
984,207
183,051
367,155
100,267
467,422
284,371
$883,842
$567,787
$1,451,629
$467,422
$1,024,833
$132,247
$1,157,080
$544,749
$773,924
$278
$774,202
$219,292
44,633
117,202
161,835
32,096
(5,067)
29,071
24,004
(1,818)
228,623
-
228,623
272,483
(97,986)
3,451
(94,535)
(29,809)
53,315
53,315
51,107
911
(5,366)
(4,455)
(45,120)
81,215
(1,074)
80,141
582
(67,970)
(4,477)
(72,447)
39,402
8,220
(6,838)
1,382
9,787
5,015
-
5,015
(3,253)
250,909
131,969
382,878
325,457
$1,024,833
$132,247
$1,157,080
$544,749
The accompanying notes are an integral part of these financial statements. 31
CH
32
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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 Manager, who is appointed by the Council, is responsible for the proper administration of all
1 affairs relating to the City.
The financial reporting policies of the City conform to generally accepted accounting principles. The following
is a summary of the significant policies.
A. FINANCIAL REPORTING ENTITY
In accordance with the Codification of Govemmental Accounting and Reporting Standards, Section
2100, "Defining the Reporting Entity," for the 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 The Mayor appoints the governing
Authority (HRA) authority and the City exercises
financial oversight.
Excluded Entity Reason for Exclusion
Watershed Districts Rice Creek The Watershed Districts are governed by
their own elected authorities and are
' Six Cities supported through their own tax levy
authority granted by the Minnesota
Statutes.
jIndependent School District School districts are totally independent
No. 13 of all other governing jurisdictions
according to Minnesota Statutes. They
are governed by their own elected
authorities and are supported through
their own tax levy authority.
33
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Excluded Entity
Police and Fire Department
Relief Association
Reason for Exclusion
The Associations are funded in
accordance with Minnesota Statutes,
whereby State aids flow to the
Associations; tax levies are determined
by the Associations and are only
reviewed by the City. The Associations
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 financial position and results of operations of the Housing and Redevelopment Authority (HRA)
Component Unit are presented using the discrete method of including a separate column in the general
purpose financial statements. The HRA is reported as a separate column to emphasize that it is legally
separate from the City. This component unit includes Governmental and Agency Funds and Account
Groups using the modified accrual basis of accounting. Separate financial statements for the Housing
and Redevelopment Authority may be obtained by contacting the City of Columbia Heights,
Minnesota.
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.
GOVERNMENTAL FUNDS TYPE
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.
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.
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.
34
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Capital Prgiect Funds - Capital Project Funds are used to account for financial resources to be used for
the acquisition or construction of major facilities, other than those financed by Proprietary Funds.
PROPRIETARY FUNDS TYPES
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.
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.
FIDUCIARY FUNDS
Agency Funds - Agency Funds are used to account for assets held by the City as an agent for
individuals, private organizations, other governmental units, or other funds. Agency Funds are
custodial in nature (assets equal liabilities) and do not involve measurement of results of operations.
Trust Funds - Trust Funds are used to account for assets held by the City in a trustee capacity.
ACCOUNT GROUPS
General Fixed Assets Account Group - This account group is used to account for all of the fixed assets
of the Governmental Fund Types.
General Long -Term Debt Account GrouK - 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.
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.
35
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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 certain 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.
Formal budgetary integration is employed as a management control device during the year. Budget
revisions between functions or activities may be made by the City Manager. Budget revisions at the
fund level are authorized by the City Council in accordance with the City Charter at the request of the
City Manager. The legal level of budgetary control is therefore at the fund level.
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 ($108,082)
Special Revenue Funds:
Municipal State Aid:
State Aid Maintenance
(5,722)
State Aid Construction
446,992
Cable Television
13,475
Paratransit
31,717
D.A.R.E. Prgoram
4,500
Debt Service Funds 40,783
Totals $423,663
36
CITY OF COLUMBIA HEIGHTS MINNESOTA
NOTES TO FINANCIAL STATEMENTS
1 December 31, 1992
' The City did not budget for all S pec ial Revenue 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 follows:
Total
Other
Fund Balance Financing Fund Balance
December 31, Total Total Sources December 31,
Fund 1991 Revenues Expenditures (Uses) 1992
Special Revenue Funds:
Budgeted funds $226,979 $431,892 $348,278 ($40,999) $269,594
Unbudgeted funds:
Community Police - 15,000 19,706 - (4,706)
Project Pride = 5,730 1,641 - 4,089
Parking Ramp 98,454 95,366 193,820
Recreation Contributed Projects 42,091 24,889 46,929 - 20,051
Contributed Projects 3,913 19,040 8,172 - 14,781
Housing Mortgage - 445,789 - - 445,789
Total Special Revenue Funds $272,983 $1,040,794 $424.726 $14j.367? $943,418
E. ASSETS, LIABILITIES, AND FUND EQUITY ACCOUNTS
'ASSETS
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.
=ial Assessments Receivable - Special assessments represent the financing for public improvements
paid for by benefiting 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).
Inv - Inventories are valued at cost, which approximates market, using the first -in, fast -out
basis.
Fixed Assets
General Fixed Assets Account Grou n - 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 account records.
No depreciation has been provided on general fixed assets.
37
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
RmgLnMa Fund T - Fixed assets of the Proprietary Funds are stated at historical cost,
estimated historical 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.
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.
The liability for the vested portion of accumulated vacation and sick leave is recorded in the
General Long -Tenn Debt Account Group. No expenditure is reported for these amounts.
Amounts taken as terminal leave each year are not material and therefore the total is carried as
long -term debt. 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.
FUND EOI =
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 speck 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
REVENUES
PropMy 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.
38
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
I
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
1 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 intergovernmental 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.
Intergovernmental Revenues - Intergovernmental revenues are reported using the guidelines of legal
and contractual requirements of the individual programs.
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.
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.
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. 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.
I. STATEMENT OF CASH FLOWS
For purposes of the Statement of Cash Flows, the City considers all highly liquid debt instruments
with an original 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.
39
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
In June 1991, the Governmental Accounting Standards.Board (GASB) adopted a new pronouncement
(GASB Statement No. 14) establishing new standards for defining and reporting on the financial
reporting entity. The statement is effective for financial statements for periods beginning after
December 15, 1992. However, the City has elected earlier application of the pronouncement, as
encouraged by GASB.
As a result of this new pronouncement, the 1991 and 1992 financial data of the City's Housing and
Redevelopment Authority (BRA) was included in the combined financial statements as a separate
column, rather than being "blended" in with the financial data of the City as in previous years.
Note 2 DEPOSITS 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.
DEPOSITS
In accordance with 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 (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.
Deposits at December 31, 1992, including checking accounts, savings accounts, and certificates of deposit are as
follows:
City
HRA
Total
Bank balance $2,101,546
$775,537
$2,877,083
Carrying amount $1,816,197
$747,409
$2,563,606
At December 31, 1992, 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.
40
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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.
The City's investments are categorized 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.
Investment balances at December 31, 1992 are as follows:
Credit Risk Category Carrying Market
1 2 3 Value Value
I U.S. Government Securities
(including securities insured
by the U.S. Government) $8,703,263 $ - $ - $8,703,263 $8,743,110
Government money
market mutual funds 4,355,484 4,344,331
Total investments $13,058,747 $13,087,441
SUMMARY OF CASH AND INVESTMENTS
Cash and temporary investments at December 31, 1992 are summarized as follows:
41
City
HRA
Total
Deposits
$1,816,197
$747,409
$2,563,606
Cash on hand
5,300
75
5,375
Investments
13,058,747
-
13,058,747
Total cash and temporary investments
$14,880,244
$747,484
$15,627,728
Assets held by deferred compensation
trustees (recognized at market value)
$1,195,530
$172,111
$1,367,641
41
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Note 3 LEGAL COMPL.IANC /B D . T4
Total actual expenditures did not exceed budgeted expenditures (appropriations) in any funds.
Note 4 INTERGOVERNMENTAL RECEIVABL1 S
Intergovernmental receivables at December 31, 1992 presented as due from other governmental units are
composed of the following:
City:
7,210
General Fund:
53,822
Independent School District #13
$17,662
Met Council
30
Anoka County
26,574
City of Hilltop
4,958
Total General Fund
49,224
Special Revenue Funds:
Community Police:
City of Hilltop
1,667
State of Minnesota
30,000
Municipal State Aid - State of Minnesota
37,568
Cable Television - City of Hilltop
3,370
Paratransit - City of Fridley
635
Total Special Revenue Funds
73,240
Enterprise Funds:
Sewer - M.W.C.C.
154,516
Refuse - Anoka County
12,916
Liquor - State of Minnesota
1,565
Total Enterprise Funds
168,997
Total City
291,461
HRA:
Metropolitan Council
7,210
Anoka County CDBG
53,822
Total HRA
61,032
Total Intergovernmental Receivables
$352,493
42
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
l
A. PROPRIETARY FUNDS CONTRACT RECEIVABLE AND DEFERRED
RECEIVABLE
INTERCEPTOR ACQUISITION CONTRACT PAYABLE
As of January 1, 1971, the Metropolitan Waste Control Commission (MWCC) assumed ownership of
all existing inceptors and treatment works. Under the terms of the agreement with MWCC, the City is
to be reimbursed for the value at the time of transfer, of such facilities. The contract represents the
value of the facilities acquired by the MWCC and was determined to be $400,533 at the date of takeover
by the MWCC. This amount is being amortized through credits received against annual sewer billings
from MWCC over a 30 -year period with interest at 4 %.
As of December 31, 1992, a balance of $154,516 remained to be collected over the next eleven years
This receivable is presented as Due From Other Governmental Units in the Sewer Utility Fund.
DEFERRED RECEIVABLE
The City was required to advance funds to the MWCC for deferments of reserve capacity costs granted
to other communities. The balance of this receivable from MWCC at December 31, 1992 was $4,566
and is collectible over the next six years.
Note 5 LOANS RECEIVABLE
Loans receivable for the Housing and Redevelopment Authority consists of the following:
HRA
General
Fund
Home Improvement Loans $8,043
Mortgage Loans 221,855
Anoka County Community Action
Program (ACCAP) Loans 180,208
$410,106
These loans relate primarily to personal residences of lower income individuals under a Community
Development Program.
Note 6 INTERFUND RECEIVABLES AND PAYABI FS
jIndividual fund interfund receivables and payables at December 31, 1992 consist of the following:
Interfund Interfund
Receivables Payables
Special Revenue Funds:
Community Police $ - $9,706
Municipal State Aid - 95,320
Cable Television 105,026 -
Total Special Revenue Funds $105,026 $105,026
43
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
OPERATING TRANSFERS
From
To
Amount
Purpose
Tax Increment Bonds
Tax Increment Bonds of 1987A
Tax Increment Bonds
Tax Increment Bonds of 1987
General
DARE Project
$2,000
Fund DARE Program
General
Paratransit
10,000
Fund City portion expense
General
Capital Equipment Replacement
140,000
Replacement Fixed Assets
General
Infrastructure Replacement
300,000
Replace infrastructure
Central Garage Central Garage Equipment Replacement Account
Tax Increment Bonds
Tax Increment Bonds of 1984
Tax Increment Bonds
Tax Increment Bonds of 1991A
Tax Increment Bonds
Tax Increment Bonds of 1987A
Tax Increment Bonds
Tax Increment Bonds of 1987
Tax Increment Bonds
Capital Appreciation Bonds of 1990
Capital Improvement Projects
Capital Improvement
Water Capital Replacement
General
Account
Water Utility
Water Utility
Water Capital Equipment Replacement Account
Water Capital Equipment
Replacement Account
Water Utility
Sewer Capital
Construction Account
Sewer Utility
Sewer Utility
Sewer Capital Equipment Replacement Account
Sewer Capital Equipment
Replacement
Sewer Utility
Capital Improvement Projects
General
Cable Television
General
Paratransit
General
Liquor Utility
General
Water Utility
General
Refuse Utility
General
Liquor Utility
General
Sewer Utility
General
General Compensated Absences
General Parking Ramp
State Aid Maintenance State Aid Construction
Total operating transfers
LI.
4,000 Garage building improvements
169,831
Debt service
250
Debt service
11210,291
Debt service
212,471
Debt service
567
Debt service
3,863
Close projects
167,038 Fund projects
15,000 Replacement fixed assets
24,037 Infrastructure replacement
395,082 Fund projects
25,000 Replacement fixed assets
128,237
Equipment replacement
53,269
Administrative labor
45,989
Administrative labor
7,010
Administrative labor
53,249
Administrative labor
51,835
Administrative labor
81,371
Administrative labor
148,881
Replacement fixed assets
51,835
Administrative labor
100,000 Reserve for compensated absences
95,366 Dedicate funds
3,303 Fund projects
$3,499,775
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Note 8 FIXED ASSETS
The following is a summary of changes in the General Fixed Assets Account Group during the fiscal year:
Water
Balance
Refuse
257,694
Balance
Internal
January 1,
Net fixed assets
Utility
December 31,
City
1992
Additions
Retirements
1992
Iand
$3,132,099
$ -
$=
$3,132,099
Buildings
3,013,217
19,058
Buildings
3,032,275
Improvements other than buildings
1,364,692
75,793
-
1,440,485
Machinery and equipment
3,881,445
249,502
60,888
4,070,059
Construction in process
964,114
443,470
1,158,717
248,867
Total City general fixed assets
$12,355,567
$787,823
$1,219,605
$11,923,785
99,384
Balance
Construction in process
14.587
Balance
-
January 1,
_ 74.297
December 31,
HRA
1_ 992
Additions
Retirements
1992
Land
$69,688
$ -
$ -
$69,688
Buildings and structures
4,618,705
33,191
1,500
4,650,396
Furniture and fixtures
343,956
2,649
346,605
Total City general fixed assets
$5,032,349
$35,840
$1,500
$5,066,689
The following is a summary of Proprietary Fund Type fixed assets at December 31, 1992:
Less accumulated depreciation
Water
Sewer
Refuse
257,694
Total
Internal
Total
Net fixed assets
Utility
Utility
Utility
Liquor
Enterprise
Service
Proprietary
Land
$45,223
$36,586
$ -
$13,051
$94,860
$ -
$94,860
Buildings
233,236
45,690
-
189,522
468,448
309,668
778,116
Improvements other than buildings
2,835,891
3,056,707
2,890
100,093
5,995,581
121,550
6,117,131
Machinery and equipment
263,943
437,468
5,447
200,420
907,278
99,384
1,006,662
Construction in process
14.587
59.710
-
-
_ 74.297
74.297
Total
3,392,880
3,636,161
8,337
503,086
7,540,464
530,602'
8,071,066
Less accumulated depreciation
1,565,544
1,869,154
2,275
257,694
3,694,667
182,852
3,877,519
Net fixed assets
1 827 336
$1,767,007
6 062
245 392
$3,845,797
347 750
$4,193,547
The City has leased premises for a liquor store under a five -year lease agreement that originally expired in 1989.
This lease was renewed for two years ending December 31, 1991. The City has exercised a three -year renewal
option through December 31, 1994. This lease is considered for accounting purposes to be an operating lease.
Lease expenditures for the year ended December 31, 1992 amounted to $101,479.
45
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Note 10 LONG -''ERM DEBT
General Obligation Bonds - The City issues General Obligation Bonds to provide funds for the acquisition and
construction of major capital facility additions, General Obligation Bonds have been issued to refund General
Obligation Tax Increment and General Obligation Special Assessment Bonds.
General Obligation Bonds are direct obligations and 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 1987, Series A
General Government
Tax Increment Taxable
Bonds of 1987
General Obligation Tax
Increment Capital
Appreciation Bonds of 1990
Principal
General Obligation Tax
Increment Refunding
Bonds of 1991
Final
Original Interest Issue Maturity Balance
Issue Rate Date Date End of Year
$2,230,000 5.50 - 5.60% 6/1/87 3/1/95 $910,000
1,070,000 8.50- 9.40% 6/1/84 3/1/94 305,000
9,090,000 5.75- 7.50% 6/1/87 3/1/02 7,925,000
1,100,000 8.40- 9.10% 8/1/87 2/1/97 850,000
2,399,721 6.90 - 7.15% 8/23/90 9/1/09 2,399,721
6,670,000 4.75 - 5.80% 12/1/91 3/1/02 6,670,000
$19,059,721
Annual debt service requirements to maturity for general obligation bonds including interest of $7,607,423 are
as follows:
Fiscal Year
Ending
December 31
1993
1994
1995
1996
1997
Thereafter
Totals
46
Total
$2,269,072
8,564,594
1,758,141
1,466,072
1,405,077
11,204,188
$26,667,144
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
These figures include a refunding payment of $6,550,000 in 1994 for Tax Increment Bonds of 1987 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 1991 will be fully paid from interest income generated
by the escrow account.
At December 31, 1992, a total of $8,905,141 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 benefiting 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:
IA. 1977 Downtown CBD Revitalization Plan A3
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1992)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1992
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$118,634
$1,130,739
$954,618
$28,434,721
$11,450,000
$16,994,721
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 1992)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1992
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$37,928
$78,015
$40,145
47
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
C. 1984 University Avenue Redevelopment C8
Type of District
Redevelopment
Authorizing Law
HRA (Minnesota Statutes Sections
462.545 and 462.585)
Duration of District
August 1, 2009
Original Tax Capacity
$25,176
Current Tax Capacity (for taxes collectible in 1992)
$111,429
Captured Tax Capacity Retained
$86,253
Bonds Issued
$1,070,000
Principal Payments
$765,000
Bonds Outstanding at December 31, 1992
$305,000
D. 1987 Sullivan Lake Development H2
Type of District
Redevelopment
Authorizing Law
HRA (Minnesota Statutes Sections
462.545 and 462.585)
Duration of District
August 1, 2009
Original Tax Capacity
$38,186
Current Tax Capacity (for taxes collectible in 1992)
$104,520
Captured Tax Capacity Retained
$63,590
Bonds Issued
$1,100,000
Principal Payments
$250,000
Bonds Outstanding at December 31, 1992
$850,000
E. 1989 Multi -Use Redevelopment Plan K2
Type of District Redevelopment
Authorizing Law HRA (Minnesota Statutes Sections
462.545 and 462.585)
Duration of District October 4, 2014
Original Tax Capacity $249,832
Current Tax Capacity (for taxes collectible in 1992) $180,396
Captured Tax Capacity Retained -
Bonds Issued -
Principal Payments -
Bonds Outstanding at December 31, 1992 -
48
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Changes in Long -Term Liabilities - During the year ended December 31, 1992, the following changes occurred
in liabilities reported in the General Long -Tenn Debt Account Group:
Balance Balance
City January 1 Additions Reductions December 31
Note payable to HRA
General Obligation
Tax Increment Bonds
Principal
Accreted interest
General Obligation
Special Assessment Bonds
Liability for
compensated absences
Total City
M73
Liability for compensated
absences
Total HRA
$16,609 $ - $627 $15,982
19,054,721 - 905,000 18,149,721
175,444 184,046 - 359,490
1,185,000 - 275,000 910,000
329,244 14,153 - 343,397
$20j.761 018 $1j99 _ $1,180,627 $19,71 7
Balance Balance
January 1 Additions Reductions December 31
$9,874 $ - $284 $9,590
$9,874 $0 $284 $9,590
In December 1991, the City issued $6,670,000 of General Obligation Tax Increment Refunding Bonds to
advance refund $6,550,000 of the City's Tax Increment Bonds of 1987. Pending the call of the bonds to be
refunded in 1994, the proceeds were deposited in an escrow account. Principal and interest on the 1987 bonds
will be paid by the City until the call date. Interest payments on the 1991 issue will be paid from proceeds of
the escrow account until the call date, after which time interest and principal will be paid by the City.
With the exception of the 1990 Tax Increment Bonds, all General Obligation Bonds are serial bonds which
require semiannual payments of principal and/or interest from the date the bonds are issued. The 1990 Tax
Increment Bonds are Capital Appreciation Bonds which require no payments of principal or interest until
September 2002. During the year ended December 31, 1992, accrued interest of $343,397 was included in
general long -term debt for the 1990 Tax Increment Capital Appreciation Bonds.
it
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31,1992
The following funds had a fund deficit as of December 31, 1992:
Fund
Deficit
Special Revenue Funds:
Municipal State Aid $62,902
Community Police 4,706
Expendable Trust Fund:
Flex Benefit 2,370
The City will finance these deficits through external or internal sources in future years.
For various reasons, certain funds have a portion of their fund equity reserved or designated for speck 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.
Reservations of retained earnings are summarized as follows at December 31, 1992:
Reserve for capital replacement/construction:
Water Utility Fund
Sewer Utility Fund
Central Garage Fund
Reserve for insurance
Total
50
Internal
Enterprise Service Total
$546,177 $ - $546,177
2,031,143 - 2,031,143
- 32,260 32,260
607,644 607,644
$2,577,320 $639,904 $3,217,224
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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.
Reserve for Apartment Project Maintenance - This reserve represents financial resources committed to
fund future maintenance activity in an apartment building owned and operated by the Housing and
Redevelopment Authority.
Reserved for Prepayments - This reserve represents financial resources used for prepayment of
subsequent years expenditures.
Reserved for Program Expenditures - This amount represents financial resources used for the Housing
Mortgage Program.
Reservations of fund balances at December 31, 1992 are summarized as follows:
Reserve for prepayments $320
Reserve for program expenditures 433,966
Reserve for community development 165,139
Reserve for apartment project maintenance 166,961
Totals $766,386
C. DESIGNATED UNRESERVED FUND BALANCES
Designated for Compensated Absences - This amount represents funds set aside by the City to provide
for compensated absences in future years.
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.
Designated for Business Revolving Loan Fund - This amount represents funds set aside by the HRA to
provide certain low interest loans.
51
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Designated for unreserved fund balances at December 31, 1992 are summarized as follows:
The City maintains four Enterprise Funds which are intended to be self - supporting. Financial segment
Sewer Central
City of Columbia Heights
information as of and for the year ended December 31, 1992 is as follows:
Component
Utility Garage
Total
Balance - beginning of year $883,101
Special
Debt
Expandable
Unit
Total
(65,229)
Operating revenue
General
Revenue
Service
Trust
HRA
Total
Depreciation expense
Designated for compensated absences
$ -
$ -
$ -
$100,000
$ -
$100,000
244,635
Designated for debt service
-
-
8,905,141
-
-
8,905,141
144,029
Designated for subsequent years' expenditures
39,836
750
-
-
-
40,586
(81,371)
Designated for worldng capital
2,885,710
-
-
-
-
2,885,710
6,000
Designated for Business Revolving Loan Fund
-
Net working capital
-
-
23.540
23.540
4,789,953
Total designated unreserved fund balance
2925 546
750
8905 141
100 000
23 540
11 954 977
Total assets
2,824,858
4,197,788
566,587
1,525,003
9,114,236
Total equity - contributed
Note 12 SEGMENT INFORMATION
- ENTERPRISE
-
FUNDS
1,563,879
Total equity - retained earnings
1,891,257
The City maintains four Enterprise Funds which are intended to be self - supporting. Financial segment
Sewer Central
information as of and for the year ended December 31, 1992 is as follows:
Utility
Utility Garage
Total
Balance - beginning of year $883,101
Water
Sewer
Refuse
Liquor
Total
(65,229)
Operating revenue
$1,226,414
$1,040,370
$1,479,442
$4,822,423
$8,568,649
Depreciation expense
82,010
112,489
816
33,308
228,623
Operating income
244,635
20,778
160,865
347,646
773,924
Net income
236,673
144,029
96,295
196,173
673,170
Total operating transfers
(51,835)
(51,835)
(81,371)
(202,130)
(387,171)
Property, plant and equipment additions
215,503
239,908
4,832
6,000
466,243
Net working capital
920,728
2,257,513
560,458
1,051,254
4,789,953
Net cash provided by operating
246,770
113,217
206,048
446,800
1,012,835
Total assets
2,824,858
4,197,788
566,587
1,525,003
9,114,236
Total equity - contributed
856,807
707,072
-
-
1,563,879
Total equity - retained earnings
1,891,257
3,471,964
566,520
1,296,646
7,226,387
Note 13 PROPRIETARY F 2ND ' -CONTRIBUTED CAPITAL
This balance represents the cost of property contributed to the Enterprise Funds and Internal Service Funds by
the City, less depreciation thereof charged to operations. Changes occurring in the account during the year were
as follows:
water
Sewer Central
1!
Utility
Utility Garage
Total
Balance - beginning of year $883,101
$746,007 $188,849
$1,817,957
Less: Depreciation on contributed assets (26,294)
(38,935) -
(65,229)
Balance - end of year $8� 5j6 8007
$707,072 $188849
$1,7� 52,7
52 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
loom=EN 13 DI W113 1 1
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 Employee's Retirement Association of Minnesota
(PERA). PERA administers the Public Employee's 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, firefighters, 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, 1992 was $2,338,136 and $1,072,706, respectively; the City's total payroll
was $4,027,556.
PERA provides retirement benefits as well as disability benefits to members, and benefits to survivors
upon the 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 2.0% 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 1.0% of the average salary for each of the first ten years and 1.5% for each remaining year.
I 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.
i' There are difference 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.
53
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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) 4AI% 4.74% 9.95%
PEPFF 8.00% 12.00% 18.60%
Total contributions made by the City during fiscal year 1992 were:
Percentage of
Amount Covered Payroll
Employees Employer Employees Employer
PERF $109,692 $121,516 4.69% 5.20%
PEPFF 85,817 120,724 8.00% 12.00%
Totals $195,509 $242,240
The City's contribution for the year ended June 30, 1992 to the PERF represented .1125 percent of
total contributions required of all participating entities. For the PEPFF, contributions for the year
ended June 30, 1992, represented .4310 percent of total contributions required of all participating
entities.
C. FUNDING STATUS AND PROGRESS
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.
54
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
The pension benefit obligations as of June 30, 1992 are shown below:
(In thousands)
Total pension
benefit obligation
Net assets available
for benefits, at cost
(Market Values for
PERF = $4,068,082;
PEPFF = $1,012,812)
Unfunded (assets in
excess of) pension
benefit obligation
PERF PEPFF
$4,868,124 $821,604
3,933,124 963,565
$935,000 ($141,961)
The measurement of the pension benefit obligation is based on an actuarial valuation as of June 30,
1992. Net assets available to pay pension benefits were valued as of June 30, 1992.
Changes in Benefit Provisions
Effective for the June 30, 1992, valuation, legislative activity since the last actuarial valuation
resulted in some minor changes in the benefit provision for the two funds. These changes did not have
a significant impact on the PERF or 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, 1992. This information is useful in assessing the pension plan's
accumulation of sufficient assets to pay pension benefits as they become due.
E. RELATED PARTY INVESTMENTS
As of June 30, 1992, and for the fiscal year then ended, PERA held no securities issued by the City or
other related parties.
55
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Certain full-time and volunteer firefighters and policemen of the City participate in one of three single employer
defined benefit pension plans. A detailed presentation of pension benefits, contributions, and funding status for
each of the three plans is included in the notes that immediately follow this note to the financial statements. A
summary of the pension benefit obligation and net assets available for benefits at December 31, 1992 is
summarized as follows:
Pension benefit obligation
Net assets available for pension
benefits, at cost
Unfunded (assets in excess of)
pension benefit obligation
A. PLAN DESCRIPTION
Fire Relief
Fine Relief
Total
Association -
Association -
Police
Single
Volunteer
Paid
Relief
Employer
Division
Division
Asssociation
Plans
$528,085
$2,148,174
$4,685,115
$7,361,374
855,428
1,648,040
3,270,015
5,773,483
($327,343)
$500,134
$1,415,100
$1,587,891
Volunteer firefighters 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, 1992 was $46,828
compared to a total City payroll of $4,027,556.
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.
56
CITY OF COLUMBIA HEIGHTS MINNESOTA
SO A
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
During the year ended December 31, 1992, 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, 1990. 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.
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 using estimates provided by the actuaries of the Plan as
of December 31, 1991. The most recent actuarial valuation was completed for the year ended 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, 1992, the assets in excess of the pension benefit obligation were $327,343,
determined as follows:
Pension benefit obligation
Retirees and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits $292,016
Current employees
Accumulated employee contributions including
allocated investment income _
Employer financed 236,069
Total pension benefit obligation 528,085
Net assets available for benefits, at cost
(market value was $891,307) 855,428
(Assets in excess of) pension benefit obligation ($327.343)
57
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
E. HISTORICAL TREND INFORMATION
Three -Year Historical Trend Information
Net assets available for benefits, as a
percentage of pension benefit obligation
Unfunded (assets in excess of) pension
benefit obligation, as a percentage of
annual covered payroll
Employer contributions, as a
percentage of annual covered payroll
December 31,
1990 1991 1992
145% 150% 162%
N/A N/A N/A
N/A N/A N/A
Financial requirements of the Relief Association are determined in accordance with State Statutes rather
than actuarially.
Ten -Year 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.
F. RELATED PARTY INVESTMENTS
During 1992, the Association held no securities issued by the City or other related parties.
A. PLAN DESCRIPTION
Paid full -time regular firefighters 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, 1992 was $48,605 compared to a total City payroll of $4,027,556.
B. PENSION BENEFITS
A firefighter 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.)
58
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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.
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.
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, 1992, contributions totaling $120,247 (all employer) were made
in accordance with contribution requirements determined by an actuarial valuation of the Plan as of
December 31, 1990. Employer contributions represented 322% of covered payroll. The employer
contributions consisted of $9,501 for normal cost and $110,746 for amortization of unfunded actuarial
accrued liability. 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, 1992. 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.
R
59
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
At December 31, 1992, the unfunded pension benefit obligation was $500,134, determined as follows:
Pension benefit obligation
Retirees and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits $1,798,020
Current employees
Accumulated employee contributions including
allocated investment income 36,081
Employer financed 314,073
Total pension benefit obligation 2,148,174
Net assets available for benefits, at cost
(market value was $1,699,302) 1,648,040
Unfunded pension benefit obligation $500z.1 34
The total pension benefit obligation as of January 1, 1992 was $2,359,384. During the year, the Plan
experienced a net decrease of $211,210 in the pension benefit obligation.
E. HISTORICAL TREND INFORMATION
Net assets available for benefits, as a
percentage of pension benefit obligation
Unfunded (assets in excess of) pension
benefit obligation, as a percentage of
annual covered payroll
December 31,
1990 _ 1991 1992
62% 65%
2003% 1700%
Employer contributions, as a
percentage of annual covered payroll 264% 243%
Contributions made were in accordance with actuarially determined requirements.
77%
1340%
322%
Ten -Year 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.
F. RELATED PARTY INVESTMENTS
During 1992, the Association held no securities issued by the City or other related parties.
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
A. PLAN DESCRIPTION
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,
1992 was $157,344 compared to a total City payroll of $4,027,556.
B . PENSION BENEFITS
A policeman who completes at least 20 years as an active member of the Columbia Heights Police
Department and has been member of the Relief Association for 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
t 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 18 years.
During the year ended December 31, 1992, contributions totaling $213,216 ($204,719 employer and
$8,497 employees) were made in accordance with contribution requirements determined by an actuarial
valuation of the Plan as of December 31, 1990. The employer contribution consisted of $43,932 for
normal cost and $160,787 for amortization of the unfunded actuarial accrued liability. Employer
contributions represented 137% of covered payroll.
D. FUNDING STATUS
W 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 waders of the
financial statements to (1) assess the Association's funding status on a going- concern basis, (2) assess
progress made in accumulating sufficient assets to pay benefits when due, and (3) make comparisons
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.
61
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
At December 31, 1992, the unfunded pension benefit obligation was as follows:
Pension benefit obligation
Retirees and beneficiaries currently receiving benefits
and retired policemen entitled
to benefits, but not yet receiving them
$3,130,752
Current employees
Accumulated employee contributions including
allocated investment income
153,476
Employer financed
1,400,887
Total pension benefit obligation
4,685,115
Net assets available for benefits, at cost
(market value was $3,367,799) (3,270,015)
Unfunded pension benefit obligation $1,415,100
The total pension benefit obligation as of January 1, 1992 was $4,634,966. During the year, the Plan
experienced a net change of $50,149 in the pension benefit obligation.
E. HISTORICAL TREND INFORMATION
Three -Year Historical Trend Information
Net assets available for benefits, as a
percentage of pension benefit obligation
Unfunded (assets in excess of) pension
benefit obligation, as a percentage of
annual covered payroll
Employer contributions, as a
percentage of annual covered payroll
December 31,
1990 1991 1992
61% 64% 70%
1238% 1110% 899%
131% 136% 137%
Financial requirements of the Relief Association are determined in accordance with State Statutes rather
than actuarially.
Ten -Year 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.
F. RELATED PARTY INVESTMENTS
During 1992, the Association held no securities issued by the City or other related parties.
62
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
Note 19 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 20 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 below.
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. The City has been a named defendant in litigation alleging failure to perform under the
terms and conditions of a reassessment agreement. The City's insurance carrier has denied coverage and
the potential exposure is unknown at this time. The outcome of this case and the other miscellaneous
claims 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. During 1992, the City settled a bodily injure claim due to alleged excessive
force.
63
COLUMBIA HEIGHTS MINNESOTA
C ITY OF COLUM ,
NOTES TO FINANCIAL STATEMENTS
December 31, 1992
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.
During January, 1993, the HRA received a settlement of $116,667 for 1990 tax increment deficiencies from a
redeveloper pursuant to the terms of a 1987 private redevelopment agreement between the HRA and said
redeveloper.
Z
COMBINING,
INDIVIDUAL FUND
AND ACCOUNT GROUP
FINANCIAL STATEMENTS
65
CH
••
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
The Home Rule Charter of the City of Columbia Heights provides in
' Section 69, Subdivision (c): "A General Fund for the support of
such other funds and for the payment of such expenses of the City
as the Council may deem proper. Into this fund shall be paid all
monies not herein provided to paid (sic) into any other fund."
CH
CITY OF COLUMBIA HEIGHTS, MINNESOTA
I
U
0
68 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
Statement 6
BALANCE SHEET
December 31, 1992
With Comparative Amounts For December 31, 1991
Assets
1992
1991
Cash and cash equivalents
�l
$3,072,563
2 4
$ ,9 1,048
Temporary investments
-
95,514
' Receivables:
Accounts
12,451
9,177
Deferred special assessments
-
591,889
Taxes:
Unremitted
31,796
52,454
Delinquent
109,305
88,809
Interest
18,145
13,024
Due from other governmental units
49,224
83,964
Due from component unit
3,827
11,665
' Prepaid expense
320
59
Total assets
$3,297,631
$3,887,603
Liabilities and Fund Balance
' Liabilities:
Accounts payable
$63,536
$77,596
Contracts payable - retained percentage
-
168
'
Accrued salaries and withholdings payable
104,520
70,240
Due to other governmental units
66,829
2,259
Due to component unit
4,075
3,885
Deferred revenue
132,805
700,360
Total liabilities
371,765
854,508
Fund Balance:
Reserved for prepayments
320
95,366
Unreserved:
Designated for subsequent years' expenditures
39,836
101,528
Designated for working capital
2,885,710
2,836,201
Total fund balance
2,925,866
3,033,095
Total liabilities and fund balance
$3,297,631
$3,887,603
i
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 7
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - Page 1 of 2
BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Expenditures:
General government:
Council
207,445
1992
(29,382)
196,352
Manager
260,594
241,420
Over
210,599
Legal
142,550
174,654
(under)
1991
Finance and elections
Budget
Actual
Budget
Actual
Revenues:
106,912
108,272
1,360
99,993
Taxes
$2,418,914
$2,388,718
($30,196)
$2,225,803
Licenses and permits
152,450
125,275
(27,175)
164,945
Intergovernmental
3,020,274
3,238,950
218,676
3,040,675
Charges for services
337,515
349,875
12,360
340,184
Fines and forfeitures
120,850
104,673
(16,177)
116,386
Interest
120,000
136,814
16,814
127,887
Other revenues:
133,622
137,743
4,121
135,431
Miscellaneous
29,750
19,099
(10,651)
141,831
Proceeds from sale of land
500
500
-
1,193
Total revenues
6,200,253
6,363,904
163,651
6,158,904
Expenditures:
General government:
Council
207,445
178,063
(29,382)
196,352
Manager
260,594
241,420
(19,174)
210,599
Legal
142,550
174,654
32,104
156,964
Finance and elections
549,318
503,318
(46,000)
443,519
Assessing
106,912
108,272
1,360
99,993
Planning
30,796
16,352
(14,444)
15,331
General government buildings
141,623
134,716
(6,907)
162,624
Total general government
1,439,238
1,356,795
(82,443)
1,285,382
Public safety:
Police /animal/civil defense
1,783,596
1,745,072
(38,524)
1,697,065
Fire
703,240
680,973
(22,267)
705,719
Inspections
133,622
137,743
4,121
135,431
Total public safety
2,620,458
2,563,788
(56,670)
2,538,215
Public works:
Engineering
269,562
246,767
(22,795)
236,855
Maintenance
630,367
572,533
(57,834)
654,278
Total public works
899,929
819,300
(80,629)
891,133
Other departments:
Sanitation
137,515
176,216
38,701
108,108
Parks and recreation
1,075,306
998,970
(76,336)
954,236
Library
396,390
383,933
(12,457)
390,251
Contingencies
104,200
18,204
(85,996)
3,803
Total other departments
1,713,411
1,577,323
(136,088)
1,456,398
70 Total expenditures
6,673,036
6,317,206
(355,830)
6,171,128
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
Statement 7
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND
1
BALANCE -
Page 2 of 2
BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
1992
Over
(under)
1991
Budget
Actual
Budget
Actual
Revenues over (under) expenditures
'
(472,783)
46,698
519,481
(12,224)
Other financing sources (uses):
Operating transfers in
507,616
493,439
(14,177)
570,988
Operating transfers (out)
(452,000)
(647,366)
(195,366)
(124,300)
Total other financing sources (uses)
55,616
(153,927)
(209,543)
446,688
Net increase (decrease) in fund balance
($417,167)
(107,229)
$309,938
434,464
Fund balance - January 1
3,033,095
2,598,631
tFund balance - December 31
$2,925,866
$3,033,095
71
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 8
SCH EDULE OF REVENUES -
BUDGET AND ACTUAL
For The Year Faded December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Revenues:
Property taxes:
Ad valorem
Penalties and interest
Total taxes
Licenses and permits:
Licenses
Permits
Total licenses and permits
Intergovernmental:
Federal grants:
Civil defense
State grants:
State grant
Local government aid
Property tax relief
Law officer training
Fire training
Shade tree
Police Relief Association
Fire Relief Association
Other
County aid:
Street maintenance
County grant
School district
Total intergovernmental
Charges for services:
General government
Library
Public safety
Public works
Parks and recreation
Total charges for services
Fines and forfeitures
Library
Public safety
Total fines and forfeitures
Other revenues:
Interest earned on investments
Miscellaneous
Proceeds from sale of land
Other refunds
Total other revenues
Total revenues
72
1992
Over
(under)
Budget Actual Budget
$2,411,914
7,000
2,418,914
88,450
64,000
152,450
4,185
$2,379,700
9,018
2,388,718
80,081
45,194
125,275
3,802
($32,214)
2,018
(30,196)
(8,369)
(18,806)
(27,175)
(383)
1991
$2,215,074
10,729
2,225,803
92,364
72,581
164,945
3,697
5,000
12,081
7,081
-
1,847,563
2,022,119
174,556
1,885,919
956,681
961,888
5,207
917,861
8,000
6,263
(1,737)
7,959
-
-
-
1,915
-
5,000
5,000
-
111,545
126,246
14,701
121,694
61,376
55,999
(5,377)
56,427
-
-
-
16,094
18,060
18,060
-
18,060
-
9,830
9,830
11,049
7,864
17,662
9,798
-
3,020,274
3,238,950
218,676
3,040,675
32,853
33,178
325
31,893
7,000
7,349
349
5,629
106,512
113,974
7,462
94,001
29,800
43,338
13,538
56,332
161,350
152,036
(9,314)
152,329
337,515
349,875
12,360
340,184
8,700
9,422
722
8,684
112,150
95,251
(16,899)
107,702
120,850
104,673
(16,177)
116,386
120,000
136,814
16,814
127,887
27,750
17,083
(10,667)
141,831
500
500
-
1,193
2,000
2,016
16
-
150,250
156,413
6,163
270,911
$6,200,253
$6,363,904
$163,651
$6,158,904
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 9
SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL
' For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
73
1992 Actual
'
Supplies
Over
Personal
and
Capital
(under)
1991
Budget
Services
Services
Outlay
Total
Budget
Actual
Expenditures:
'
General government:
Council and manager.
Council
$207,445
$102,084
$75,800
$179
$178,063
($29,382)
$196,352
'
Manager
260,594
202,670
37,591
1,159
241,420
(19,174)
210,599
Legal
142,550
-
174,654
-
174,654
32;104
156,964
Total council and manager '
610,589
304,754
288,045
1,338
594,137
1( 6,452)
563,915
' Administrative services:
Finance
508,534
340,794
55,043
68,413
464,250
(44,284)
413,746
Elections
40,784
37,502
1,566
-
39,068
(1,716)
29,773
Assessing
106,912
44,579
63,693
108,272
1,360
99,993
Planning
30,796
16,352
=
16,352
(14,444)
15,331
General government buildings
141,623
4,406
122,453
7,857
134,716
(6,907)
162,624
Total administrative services
828,649
427,281
259,107
76,270
762,658
65,991
721,467
' Total general government
1,439,238
732,035
547,152
77,608
1,356,795
8( 2,443)
1,285,382
Public safety:
Police
1,745,234
1,573,472
135,285
5,848
1,714,605
(30,629)
1,666,783
Fire
703,240
623,616
50,696
6,661
680,973
(22,267)
705,719
Inspections
133,622
117,129
20,614
137,743
4,121
135,431
Civil defense
26,194
11,424
9,051
-
20,475
(5,719)
19,759
Animal control
12,168
-
8,844
1,148
9,992
(2,176)
10,523
Total public safety
2,620,458
2,325,641
224,490
13,657
2,563,788 5( 6,670)
2,538,215
Public works, highways and streets:
Engineering
269,562
188,708
42,159
15,900
246,767
(22,795)
236,855
Streets
480,184
245,404
193205
5,984
444,593
(35,591)
515,997
Street lighting
112,544
917
90,231
91,148
(21;396)
79,124
Traffic signs/signals
37,639
24,295
12,497
-
36,792
(847)
59,157
Total public works, highways and streets
899,929
459,324
338,092
21,884
819,300
8( 0,629)
891,133
Other departments:
Sanitation
137,515
42,422
133,794
-
176,216
38,701
108,108
Parks and recreation
1,075,306
631,794
301,836
65,340
998,970
(76,336)
954,236
1 Library
396,390
254,466
115,464
14,003
383,933
(12,457)
390,251
Contingencies
104,200
18,204
-
18,204
8( 5,996)
3,803
Total other departments
1,713,411
928,682
569,298
79,343
1,577,323 136,088
1,456,398
Total expenditures
$6,673,036 $4,445,682
$1,679,032
$192,492 $6,317,206
($355,830)
$6,171,128
73
CH
74
CITY OF COLUMBIA HEIGHTS, M NNESOTA
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.
Housing Mortgage Fund - established to account for
proceeds and expenditures relating to housing mortgage
refinancing proceeds which are not restricted for debt
' service.
Municipal State Aid Fund - maintained according to State
Statute for maintenance and construction of streets or
municipal state aid systems.
, "",j - L, 0L4lJ11J11NLL LV 4L.L.VU11L 1Vl
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.
D.A.R.E. Program Fund - established to account for
revenues and expenditures of D.A.R.E. (Drug
Awareness) Program.
Community Police Fund - established in 1992 to account
for revenues and expenditures associated with grant
received for Community Police Program for Hilltop.
Project Pride - established in 1992 to ensure that every
1 resident of the City has access to recreation programs.
Parking Ramp Fund - established to account for
revenues from parking ramp assessment that are to be
used for redevelopment.
Recreation Contributed Projects Fund - established to
monitor contributions for recreational activities and
related expenditures.
Contributed Projects Fund - established to monitor
contributions and related expenditures.
75
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS '
COMBINING BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991 '
Assets
Cash and cash equivalents
Temporary investments
Cash and investments held in escrow
Receivables:
Accounts
Special assessments
Interest
Due from other governmental units
Due from other funds
Total assets
Liabilities and fund balance
Liabilities:
Accounts payable
Contracts payable - retained percentage
Accrued salaries and withholdings payable
Due to other funds
Deferred revenue
Total liabilities
Fund balance (deficit):
Reserved
Unreserved:
Designated for subsequent years' expenditures
Undesignated
Total fund balance (deficit)
Total liabilities and fund balance
76
Municipal
Housing State Cable
Mortgage Aid Television Paratransit
$- $46 $199 $12,228
4,477
627 13 -
95,320 -
6,691
0 100,470 212 18,919
433,966
- 750 - _
11,823 (63,652) 290,571 38,784
445,789 (62,902) 290,671 38,784
$445,789 $37,568 $290,883 $57,703
11,807
- 157,664
47,012
433,966
- -
-
-
- 22,991
9,815
16
- 1,832
241
-
37,568 3,370
635
-
- 105,026
_
$445,789
$37,568 $290,883
$57,703
$- $46 $199 $12,228
4,477
627 13 -
95,320 -
6,691
0 100,470 212 18,919
433,966
- 750 - _
11,823 (63,652) 290,571 38,784
445,789 (62,902) 290,671 38,784
$445,789 $37,568 $290,883 $57,703
Statement 10
Recreation
D.A.R.E.
Community
Project
Parking
Contributed
Contributed
Totals
'
Program
Police
Pride
Ramp
Projects
Projects
1992
1991
' $-
$-
$-
$-
$-
$-
$-
$231,539
3,025
-
4,057
193,426
20,051
14,781
451,823
-
'
-
433,966
-
-
-
-
-
-
-
32,806
36,310
-
-
-
561,631
-
-
561,631
-
16
-
32
394
-
2,531
1,785
-
31,667
-
-
73,240
57,758
-
-
-
-
-
-
105,026
42,907
$3,041
$31,667
$4,089
$755,451
$20,051
$14,781
$1,661,023
$370,299
$12,473
$54,270
4,477
'
-
-
-
-
640
139
9,706
=
-
105,026
42,907
1
26,667
561,631
594,989
0
36,373
0
561,631
0
0
717,605
97,316
"
-
-
-
-
-
433,966
-
-
-
-
-
-
-
750
3,342
3,041
(4,706)
4,089
193,820
20,051
14,781
508,702
269,641
3,041
(4,706)
4,089
193,820
20,051
14,781
943,418
272,983
$3,041
$31,667
$4,089
$755,451
$20,051
$14,781
$1,661,023
$370,299
1
77
�J
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS ,
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Faded December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991 '
fl
78
,
Municipal
Housing
State
Cable
Mortgage
Aid
Television
Paratransit
,
Revenues:
Special assessments
$ _
$ _
$ -
$ _
Intergovernmental
-
137,025
-
115,665
Fees/program revenue
-
-
72,861
18,055
Interest
264
-
14,354
1,885
Other revenues:
Miscellaneous
445,525
-
54,683
16,060
Contributions
Total revenues
_
445,789
_
137,025
141,898
151,665
Expenditures:
Parks and recreation:
Personal services
_
Supplies
_
Other services and charges
-
Capital outlay
_
_
_
_
Other.
Personal services
-
30,483
1,138
-
j
Supplies
-
120
821
480
Other services and charges
_
26,144
28,246
126,214
Capital outlay
-
132,346
300
-
Total expenditures
0
189,093
30,505
126,694
Revenues over (under) expenditures
445,789
(52,068)
111,393
24,971
'
Other financing sources (uses):
Operating transfers in
-
3,303
-
10,000
Operating transfers (out)
-
(3,303)
(45,989)
(7,010)
Total other financing sources (uses)
0
0
(45,989)
2,990
Net increase (decrease) in fund balance
445,789
(52,068)
65,404
27,961
,
Fund balance (deficit) - January 1
-
(10,834)
225,267
10,823
Fund balance (deficit) - December 31
$445,789
($62,902)
$290,671
$38,784
fl
78
Statement 11
79
Recreation
D.A.RM.
Community
Project
Parking
Contributed
Contributed
Totals
Program
Police
Pride
Ramp
Projects
Projects
1992
1991
' $
$ -
$ _
$95,366
$ -
$ -
$95,366
$ -
13,333
-
-
-
266,023
208,994
-
1,667
178
-
-
-
92,761
84,362
127
-
252
3,088
-
-
19,970
17,536
-
-
5,300
-
-
521,568
26,758
1,177
-
-
-
24,889
19,040
45,106
64,557
1,304
15,000
5,730
98,454
24,889
19,040
1,040,794
402,207
-
-
545
-
-
-
545
-
684
-
30,367
31,051
1
412
13,043
13,455
-
-
-
-
3,519
-
3,519
-
' -
19,706
-
-
-
-
51,327
12,683
1,619
-
-
-
961
4,001
23,660
367
-
-
-
-
2,410
183,381
151,572
-
-
-
4,801
137,447
88,777
1,986
19,706
1,641
0
46,929
8,172
424,726
276,692
682
4,706
4,089
98,454
22,040
10,868
616,068
125,515
2,000
_
95,366
_
110,669
41,980
(56,302)
201,703
2,000
0
0
95,366
0
0
54,367
159,723
1,318
(4,706)
4,089
193,820
(22,040)
10,868
670,435
(34,208)
1,723
-
-
-
42,091
3,913
272,983
307,191
$3,041
$4,706
( )
$4 089
1
$ 93,820
$20,051
$14,781
$943,418
$272,983
79
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - MUNICIPAL STATE AID STREET FUND Statement 12
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Revenues:
Intergovernmental:
State of Minnesota:
Maintenance
Construction
Total revenues
Expenditures:
Maintenance:
Personal services
Supplies
Other services and charges
Capital outlay
Construction:
Personal services
Other services and charges
Capital outlay
Total expenditures
Revenues over (under) expenditures
Operating financing sources (uses):
Operating transfers in
Operating transfers (out):
Maintenance
Construction
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance (deficit) - January 1
Fund balance (deficit) - December 31
80
1992
Over
(Under) 1991
Budget Actual Budget Actual
$114,278
$114,278
$-
$130,713
114,000
22,747
(91,253)
31,851
228,278
137,025
(91,253)
162,564
10,519
9,254
(1,265)
10,514
600
120
(480)
96
19,890
25,115
5,225
9,356
37,380
23,336
(14,044)
59,181
53,032
21,229
(31,803)
1,670
300
1,029
729
39,062
370,860
109,010
(261,850)
4,524
492,581
189,093
(303,488)
124,403
(264,303)
(52,068)
212,235
38,161
-
3,303
3,303
35,480
-
(3,303)
(3,303)
(104,556)
(174,500)
-
174,500
(19,299)
(174,500)
0
174,500
(88,375)
($438,803)
(52,068)
$386,735
(50,214)
(10,834) 39,380
(62,902) ($10,834)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - CABLE TELEVISION FUND Statement 13
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Revenues:
Franchise fees
Interest
Other revenues:
Miscellaneous
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over (under) expenditures
Other financing (uses):
Operating transfers (out)
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
1992
Budget Actual
Over
(Under) 1991
Budget Actual
$68,000
$72,861
$4,861
$68,227
8,500
14,354
5,854
15,902
24,033
54,683
30,650
26,758
100,533
141,898
41,365
110,887
908
1,138
230
499
1,167
821
(346)
550
40,185
28,246
(11,939)
10,612
3,100
300
(2,800)
14,052
45,360
30,505
(14,855)
25,713
55,173
111,393
56,220
85,174
(43,824)
(45,989)
(2,165)
(69,788)
$11,349
65,404
$54,055
15,386
225,267 209,881
$290,671 $225,267
81
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL- REVENUE FUND - PARATRANSIT FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Statement 14
'
'
1992
Over
(Under)
1991
Budget
Actual
Budget
Actual
• ,
Revenues:
Intergovernmental
$97,875
$115,665
$17,790
$46,430
Paratransit fees
19,662
18,055
(1,607)
16,135
Interest
-
1,885
1,885
1,634
t
Miscellaneous
-
16,060
16,060
-
Total revenues
117,537
151,665
34,128
64,199
Expenditures:
Supplies
1,065
480
(585)
-
Other services and charges
133,928
126,214
(7,714)
84,262
Total expenditures
134,993
126,694
(8,299)
84,262
Revenues over (under) expenditures
(17,456)
24,971
42,427
(20,063)
Other financing sources (uses):
Operating transfers in
10,000
10,000
-
5,000
Operating transfers (out)
(7,025)
(7,010)
15
(8,060)
Total other financing sources (uses)
2,975
2,990
15
(3,060)
Net increase (decrease) in fund balance
($14,481)
27,961
$42,442
(23,123)
,
Fund balance - January 1
10,823
33,946
,
Fund balance - December 31
$38,784
$10,823
82 V
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - D.A.R.E. PROGRAM Statement 15
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
' Revenues:
Intergovernmental
Contributions
Total revenues
Expenditures:
Supplies
Other services and charges
Total expenditures
Revenues over (under) expenditures
1 Other fmancing sources:
Operating transfers in
Total other financing sources
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
i
1
1
1992
Over
(Under) 1991
Budget Actual Budget Actual
$ -
$127
$127
$ -
2,500
1,177
(1,323)
2,552
2,500
1,304
(1,196)
2,552
2,000
1,619
(381)
1,787
65
367
302
542
2,065
1,986
(79)
2,329
435
(682)
(1,117)
223
2,000
2,000
-
1,500
2,000
2,000
0
1,500
$2,435
1,318
($1,117)
1,723
1,723 -
$3,041 $1,723
83
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - RECREATION CONTRIBUTED PROJECTS Statement 16
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
84
1992
1991
Revenues:
Contributions
$24,889
$60,605
Expenditures:
Supplies
30,367
21,227
Other services and charges
13,043
7,738
Capital outlay
3,519
11,020
Total expenditures
46,929
39,985
Revenues over (under) expenditures
(22,040)
20,620
Fund balance - January 1
42,091
23,984
Residual equity transfers
-
(2,513)
Fund balance - December 31
$20,051
$42,091
84
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - CONTRIBUTED PROJECTS Statement 17
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
' For The Year Faded December 31, 1992
With Comparative Actual Amounts For The Year Faded December 31, 1991
1992 1991
Revenues:
Contributions $19,040 $1,400
Expenditures:
Supplies
961
Other services and charges
1
2,410
Capital outlay
4,801
-
Total expenditures
8,172
0
Revenues over expenditures
10,868
1,400
Fund balance - January 1
3,913
-
Residual equity transfers
-
2,513
Fund balance - December 31
$14,781
$3,913
85
CH
86
CITY OF COLUMBIA HEIGHTS, MEMSOTA
DEBT SERVICE FUNDS
The Debt Service Funds are used to account for the collection of tax
levies and other revenues and to record the payment and interest on
outstanding General Obligation Bonds.
Special Assessment Refunding Bonds of 1987 Fund - used to
account for revenue and expenditures associated with Special
Assessment Bonds of 1987.
Tax Increment Bonds Funds - a separate fund is used to account for
each separate Tax Increment Bond Issue revenue and expenditures.
87
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Temporary investments
$968,029
$1,382,448 $ -
Special
_
5,202 -
Assessment
Tax
Tax
Refunding
Increment
Increment
Bonds of 1987
Bonds
Bonds of 1984
Assets
_
5 ,202 -
Temporary investments
$968,029
$1,382,448 $ -
Cash and investments deposited with fiscal agents
_
5,202 -
Cash and investments in escrow
Receivables:
$ -
_
Deferred special assessments
58,287
-
Taxes:
_
5 ,202 -
Unremitted
-
11,147 -
Delinquent
-
569,713 -
Interest
7,852
13,470 -
Due from component unit
-
1,639 -
Total assets
$1,034,168
$1,983,619 $0
Liabilities and Fund Balance
Liabilities:
Deferred revenue:
Property taxes - delinquent
$ -
$569,713
$ -
Special assessments
58,287
-
Accrued interest payable
_
5 ,202 -
Due to component unit
-
391 _
Total liabilities
58,287
575,306 0
Fund Balance:
Designated for debt service
975,881
1,408,313 -
Total liabilities and fund balance
$1,034,168
$1,983,619 $0
NO
WE
Statement 18
3g i
3e> -f3
787
Tax
Tax
Capital
Tax
Increment
Increment
Appreciation
Incr„ment
Refunding
Taxable
Bonds
Refunding
Totals
Bonds of 1987
Bonds of 1987
of 1990
Bonds of 1991
1992
1991
$
$ "
$ -
$ -
$2,350,477
$3,010,799
'
5,202
57,943
=
6,520,947
6,520,947
6,543,268
-
58,287
89,703
11,147
32,667
-
569,713
323,052
_
-
21,322
16,960
'
-
-
1,639
-
$0
$0
$0
$6,520,947
$9,538,734
$10,074,392
$
$ -
$ "
$ •
$569,713
$323,052
58,287
89,703
_
5.202
57,943
0
0
-
0
391
470,698
0
633,593
I-
-
6,520,947
8,905,141
9,603,694
$0
$0
$0
$6,520,947
$9,538,734
$10,074392
WE
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Miscellaneous
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Bond proceeds
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
I,
275,000
Special
135,000
66,794
-
Assessment
Tax
Tax
-
Refunding
Increment
Increment
(228,470)
Bonds of 1987
Bonds
Bonds of 1984
Revenues:
169,831
-
(1,593,410)
Tax increments
$ -
$1,108,002
$ -
Special assessments
51,814
-
_
Interest
61,510
101,570
-
Other revenues
-
8,742
-
Total revenues
113,324
1,218,314
0
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Miscellaneous
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Bond proceeds
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
I,
275,000
-
135,000
66,794
-
34,831
-
72,666
-
341,794
72,666
169,831
(228,470)
1,145,648
(169,831)
-
-
169,831
-
(1,593,410)
-
0
(1,593,410)
169,831
(228,470)
(447,762)
0
1,204,351
1,856,075
-
$975,881
$1,408,313
$0
Statement 19
Tax
Tax
Capital
Tax
Increment
Increment
Appreciation
Increment
Refunding
Taxable
Bonds
Refunding
Totals
Bonds of 1987
Bonds of 1987
of 1990
Bonds of 1991
1992
1991
$ "
$ -
$ -
$ -
$1,108,002
$1,248,680
"
-
-
51,814
277,171
'
-
-
242,611
405,691
250,563
"
-
-
8,742
4,276
0
0
0
242,611
1,574,249
1,780,690
640,000
570,291
1,210,291
(1,210,291)
1,210,291
1,210,291
0
$0
130,000
82,471
212,471
(212,471)
212,471.
212,471
0
$0
567
567
(567)
567
567
0
$0
265,182
265,182
(22,571)
250
250
(22,321)
6,543,268
$6,520,947
1,180,000
1,020,136
72,666
2,272,802
(698,553)
1,593,410
(1,593,410)
0
(698,553)
9,603,694
$8,905,141
2,895,000
1,055,683
72,015
4,022,698 °
(2,242,008)
6,670,000
3,381,804
(3,381,804)
6,670,000
4,427,992
5,175,702
$9,603,694
91
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - SPECIAL ASSESSMENT REFUNDING BONDS OF 1987
Statement 20
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
1992
Over
(Under)
1991
Budget
Actual
Budget
Actual
Revenues:
Special assessments $42,940
$51,814
$8,874
$277,171
Interest 70,000
61,510
(8,490)
74,442
Total revenues 112,940
113,324
384
351,613
Expenditures:
Debt service:
Principal retirement 275,000
275,000
-
275,000
Interest and fiscal charges 68,090
66,794
(1,296)
83,127
Total expenditures 343,090
341,794
(1,296)
358,127
Revenues over (under) expenditures ($230,150)
(228,470)
$1,680
(6,514)
Fund balance - January 1
1,204,351
1,210,865
Fund balance - December 31
$975,881
$1,204,351
r
92
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - TAX INCREMENT BONDS Statement 21
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Faded December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Revenues:
Tax increments
Interest
Other revenues:
Proceeds from sales of land
Total revenues
Expenditures:
Miscellaneous:
Redevelopment tax increment
Multi -use redevelopment plan
Total expenditures
Revenues over expenditures
Other financing (uses):
Operating transfers (out)
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
1992
Over
(Under) 1991
Budget Actual Budget Actual
$1,060,000
$1,108,002
$48,002
$1,248,680
100,000
101,570
1,570
92,101
4,500
8,742
4,242
4,276
1,164500
1,218,314
53,814
1,345,057
13,000
12,666
(334)
60,000
60.E
60,000
-
12,015
73,000
72,666
(334)
72,015
1,091,500
1,145,648
54,148
1,273,042
(1596,910)
(1593,410)
3,500
(1581,804)
($505,410)
(447,762)
$57,648
(308,762)
1,856,075 2,164,837
$1,408,313 $1,856,075
93
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - TAX INCREMENT BONDS OF 1984 Statement 22
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Faded December 31, 1991
Revenues
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Total expenditures
Revenues (under) expenditures
Other financing sources:
Operating transfers in
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
94
1992
Over
(Under) 1991
Budget Actual Budget Actual
135,000
135,000
-
125,000
35,955
34,831
(1,124)
46,353
170,955
1� 69_831
(1,124)
171,353
(170,955)
(169,831)
1,124
(171,353)
170,955
169,831
(1,124)
171,353
0
$0
0
$0
$0
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - TAX INCREMENT REFUNDING BONDS OF 1987 Statement 23
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Faded December 31. 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Revenues:
Interest
Total revenues
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Total expenditures
Revenues (under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
1992
Over
(Under) 1991
Budget Actual Budget Actual
$ - $ - $ - $62,433
0 0 0 62,433
640,000
640,000
-
525,000
570,985
570,291
(694)
604,093
1,210,985
1,210,291
(694)
1,129,093
(1,210,985)
(1,210,291)
694
(1,066,660)
1,210,985
1,210,291
(694)
1,066,660
(1,800,000)
1,210,985
1,210,291
(694)
(733,340)
$0
0
$0
(1,800,000)
-
1,800,000
$0
$0
95
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - TAX INCREMENT TAXABLE BONDS OF 1987 Statement 24
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
Revenues
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Total expenditures
Revenues (under) expenditures
Other financing sources:
Operating transfers in
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
.-
1992
Budget Actual
Over
(Under) 1991
Budget Actual
$- $- $- $-
130,000
130,000
-
120,000
83,470
82,471
(999)
93,063
213,470
212,471
(999)
213,063
(213,470)
(212,471)
999
(213,063)
213,470
212,471
(999)
213,063
$0
0
$0
0
$0
$0
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - TAX INCREMENT CAPITAL APPRECIATION BONDS OF 1990 Statement 2S
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
97
1992
Over
(Under)
1991
Budget
Actual
Budget
Actual
Revenues
$ _
$ _
$ _
$ _
Expenditures:
Debt service:
Interest and fiscal charges
1,500
567
(933)
308
Total expenditures
1,500
567
(933)
308
Revenues (under) expenditures
(1,500)
(567)
933
(308)
Other financing sources:
Operating transfers in
1,500
567
(933)
308
Net increase in fund balance
$0
0
$0
0
Fund balance - January 1
Fund balance - December 31
$0
$0
97
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUND - TAX INCREMENT REFUNDING BONDS OF 1991 Statement 26
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Faded December 31, 1992
With Comparative Actual Amounts For The Year Ended December 31, 1991
1992
Over
(Under)
1991
Budget
Actual
Budget
Actual
Revenues:
Interest
$264,933
$242,611
($22,322)
$21,587
Expenditures
'
Debt service:
Interest and fiscal charges
266,433
265,182
(1,251)
148,319
Total expenditures
266,433
265,182
(1,251)
148,319
Revenues (under) expenditures
(1,500)
(22,571)
(21,071)
(126,732)
Other financing sources:
Bond proceeds
-
-
-
6,670,000
Operating transfers in
1,500
250
(1,250)
Total other financing sources
1,500
250
(1,250)
6,670,000
Net increase (decrease) in fund balance
$0
(22321)
($22,321)
6,543,268
Fund balance - January 1
6,543,268
_
Fund balance - December 31
$6,520,947
$6,543,2,68
,
98
CAPITAL PROJECT FUNDS
Capital Project Funds are maintained to account for the construction
of major capital facilities. Project funding consists of 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.
vital Improvement Fund 401 - used to account for Capital Project
Funds whereby funding is provided by a number of internal and
external sources.
Water Surface Management Fund 403 - used to account for revenue
and expenditures associated with storm sewers and other surface
water management.
Senior Housing Fund 404 - used to build Parkview Villa South
addition for senior housing.
Downtown Parking Maintenance Fund 405 - used for maintenance
of the West Side Parking.
Capital Improvement Fund 408 - used for projects involving State
Aid streets.
used to account for improvements to municipal buildings - library,
municipal garage, and City Hall.
Capital Improvement Parks Fund 412 - used to account for capital
improvements in City parks.
Huset Park Hazardous Cleanup Fund 413 - used to account for
expenditures associated with reporting of possible hazardous waste
dumping.
Capital Improvement Projects Fund 415 - used to account for
projects that will be fully assessed to affected properties.
Infrastructure Replacement Fund 430 - used to fund replacement of
City infrastructure.
Capital Equipment Replacement Fund 431 - used to fund
replacement of fixed assets as needed.
Oil
r
J
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECT FUND '
COMBINING BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Assets
Temporary investments
Receivables:
Accounts
Special assessments:
Unremitted
Delinquent
Deferred
Interest
Due from other governmental units
Due from other funds
Due from component unit
Total assets
Liabilities and Fund Balance
Liabilities:
Accounts payable
Contracts payable - retained percentage
Accrued salaries and withholdings payable
Due to other funds
Due to component unit
Deferred revenue
Total liabilities
Fund balance:
Unreserved:
Designated for subsequent years' expenditures
Undesignated
Total fund balance
Total liabilities and fund balance
10
7
8,347
186 3,151 629
24,608 - - -
$84,004 $23,993 $403,087 $71,461
$67,096 $ - $ - $1,430
494
1,238 - - 89
68,828 0 0 1,519
15,176
Water
403,087
Downtown
15,176
Capital
Surface
Senior
Parking
$23,993
Improvement
Management
Housing
Maintenance
Fund 401
Fund 403
Fund 404
Fund 405
$51,049
$23,807
$399,936
$70,832
8,347
186 3,151 629
24,608 - - -
$84,004 $23,993 $403,087 $71,461
$67,096 $ - $ - $1,430
494
1,238 - - 89
68,828 0 0 1,519
15,176
23,993
403,087
69,942
15,176
23,993
403,087
69,942
$84,004
$23,993
$403,087
$71,461
'
Statement 27
Capital
Improvement
General
Capital
Huset Park
Capital
Capin
Capital
Government
Improvement
Hazardous
Improvement
Infrastructure
Equipment
Improvement
Buildings
Parks
Cleanup
Projects
Replacement
Replacement
Totals
Fund 408
Fund 411
Fund 412
Fund 413
Fund 415
Fund 430
Fund 431
1992
1991
$19,876
$281,785
$356,825
$35,438
$92,220
$301,412
$2,866,348
$4,499,528
$3,631,273
' -
-
-
-
3,863
-
-
12,210
4,308
'
-
-
-
2,288
-
-
2,288
1,591
_
73,962
-
73,962
77,005
357,942
-
357,942
475,730
2,205
2,801
277
214
207
21,906
31,576
32,797
147,438
199,186
--=-
--=-
-
-
-
-
24,608
-
' $19,876
$283,990
$359,626
$35,715
$530,489
$3�6�
$2,888,254
$514
$4,5
$ - $90 $ - $ - $68,616 $20,156
494 15,349
36 = 1,363 486
-
199,186
2,418
- - - - 431,904 - - 431,904 554,326
0 0 0 0 432,030 0 0 502,377 791,921
1 - - - - - - 528,739
19,876 283,990 359,626 35,715 98,459 301,619 2,888,254 4,499,737 3,248,668
19,876 283,990 359,626 35,715 98,459 301,619 2,888,254 4,499,737 3,777,407
$19,876 $283,990 $359,626 $35,715 $530,489 $301,619 $2,888,254 $5,002,114 $4,569,328
i
101
in
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECT FUND '
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE
For The Year Faded December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991 '
Revenues:
Special assessments
Interest
Other revenues:
Miscellaneous
Contributions
Total revenues
Expenditures:
Other project expenditures
Revenue over (under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance (deficit) - January 1
Fund balance - December 31
102
386,384
386,384 1,459 24,680 4,926
296,069 - 2,700 13,481
90,315 1 1,459 21,980 (8,555)
3,863
3,863 0 0 0
94,178 1,459 21,980 (8,555)
(79,002) 22,534 381,107 78,497
$15,176 $23,993 $403,087 $69,942
Water
Downtown
Capital
Surface
Senior
Parldng
Improvement
Management
Housing
Maintenance
Fund 401
Fund 403
Fund 404
Fund 405
-
1,459
24,680
4,926
386,384
386,384 1,459 24,680 4,926
296,069 - 2,700 13,481
90,315 1 1,459 21,980 (8,555)
3,863
3,863 0 0 0
94,178 1,459 21,980 (8,555)
(79,002) 22,534 381,107 78,497
$15,176 $23,993 $403,087 $69,942
Statement 28
103
Capital
Improvement
General
Capital
Huset Park
Capital
Capital
Capital
Government
Improvement
Hazardous
Improvement
Infrastructure
Equipment
Improvement
Buildings
Parks
Cleanup
Projects
Replacement
Replacement
Totals
Fund 408
Fund 411
Fund 412
Fund 413
Fund 415
Fund 430
Fund 431
1992
1991
$ -
$ -
$ -
$ -
$167,834
$ -
$ -
$167,834
$181,373
-
17,275
21,938
2,172
1,678
1,619
165,171
240,918
322,039
-
-
4,108
-
8,851
-
-
399,343
512,678
-
-
-
-
-
3,200
$0
17,275
26,046
2,172
178,363
1,619
165,171
808,095
1,019,290
-
5,141
-
23,946
-
131,159
472,496
2,602,364
0
17,275
20,905
2,172
154,417
1,619
34,012
335,599
1,583,074
'
-
-
-
300,000
140,000
443,863
200,788
'
-
-
57,132
-
-
57,132
148,912
0
0
0
0
57,132
300,000
140,000
386,731
51,876
0
17,275
20,905
2,172
97,285
301,619
174,012
722,330
(1,531,198)
19,876
266,715
338,721
33,543
1,174
-
2,714,242
3,777,407
5,308,605
$19,876
$283,990
$359,626
$35,715
$98,459
$301,619
$2,888,254
$4,499,737
$3,777,407
103
CH
104
CITY OF COLUMBIA FIGHTS, MINNESOTA
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.
Water Utility Fund - used to account for revenues and expenses
associated with services to area residents.
Sewer Utility Fund - used to account for revenues and expenses
associated with sewer disposal within the City.
Refuse Utility Fund - used to account for revenues and expenses
associated with organized collection or refuse and recycling in the
City.
Liquor Fund - used to account for revenues and expenses associated
with the operation of two off -sale liquor stores.
105
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Statement 29 1
Totals
Assets Water Sewer Refuse Liquor 1992 1991
Current assets:
Cash and cash equivalents
Temporary investments
Receivables:
Accounts
Interest
Due from other governmental
units, current portion
Prepaid expense
Inventory, at cost
Total current assets
Long -term assets:
Due from other governmental units,
net of current portion
Total long -term assets
Fixed assets:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Construction in process
Total
Less: Accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Contracts payable - retained percentage
Accrued salaries
and withholdings payable
Due to other governmental units
Total current liabilities
Fund equity:
Contributed capital:
Property owners /customers
Federal
Total contributed capital
Retained earnings:
Reserved for capital
replacement/construction
Unreserved
Total retained earnings
Total fund equity
106 Total liabilities and fund equity
$33,669
$761,961
$12,864
$75,348
$883,842
$367,155
708,167
1,210,675
230,235
792,358
2,941,435
3,043,861
247,587
229,285
302,368
103
779,343
681,357
5,603
18,434
2,142
5,968
32,147
25,071
-
-
12,916
1,565
14,481
65,878
1,891,257
55,910
-
-
55,910
56,821
2,496
-
-
404,269
406,765
487,980
997,522
2,276,265
560,525
1,279,611
5,113,923
4,728,123
-
154,516
-
-
154,516
156,434
0
154,516
0
0
154,516
156,434
45,223
36,586
-
13,051
94,860
94,960
233,236
45,690
-
189,522
468,448
462,448
2,835,891
3,056,707
2,890
100,093
5,995,581
5,772,595
263,943
437,468
5,447
200,420
907,278
811,805
14,587
59,710
-
-
74,297
-
3,392,880
3,636,161
8,337
503,086
7,W,464
7,141,708
1,565,544
1,869,154
2,275
257,694
3,694,667
3,530,460
1,827,336
1,767,007
6,062
245,392
3,845,797
3,611,248
$2,824,858
$4,197,788
$566,587
$1,525,003
$9,114,236
$8,495,805
$52,360 $3,559 - $53
$147,216 $203,188 $271,753 ,
595 595 -
17,352 15,193
14 33,037
65,596
57,376
7,082 -
- 47,509
54,591
49,576
76,794 18,752
67 228,357
323,970
378,705
403,807
707,072
-
-
1,110,879
1,176,109
453,000
-
-
-
453,000
453,000
856,807
707,072
0
0
1,563,879
1,629,109
546,177
2,031,143
-
2,577,320
3,049,702
1,345,080
1,440,821
566,520
_ 1,296,646
4,649,067
3,438,289
1,891,257
3,4_ 7�1e964
566,520
1,296,646
7,226,387
6,487,991
2,748,064
4,179,036
566,520
1,_296_646
8,790.
8,117,100
$2,824,858
$4,197,788
$,5877
$1,525,003
$9,114,236
$8,495,805
JI
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS Statement 30
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Operating expenses:
Cost of sales and services
618,504
704,124
-
-
Totals
1,028,385
Water
Sewer
Refuse
Liquor
1992
1991
Operating revenues:
Administration
7,975
7,958
6,540
-
22,473
Charges for services:
Collection and disposal
-
-
1,043,886
-
1,043,886
Customer service
$6,091
$ -
$ -
$ -
$6,091
$5,236
Penalties
46,773
-
-
-
46,773
25,043
Sewer service charges
-
1,040,730
-
-
1,040,730
774,047
Refuse service charge
-
-
1,449,586
-
1,449,586
1,523,154
Charges for sales:
Depreciation
82,010
112,489
816
33,308
228,623
Water
1,169,888
-
-
-
1,169,888
773,324
Mew
3,662
-
-
-
3,662
4,624
Liquor
-
-
-
1,376,591
1,376,591
1,372,340
Beer
-
-
-
2,394,101
2,394,101
2,373,551
Wine
-
-
-
420,246
420,246
409,671
Other
-
-
-
631,485
631,485
633,781
Intergovernmental
-
-
29,856
-
29,856
50,458
Total operating revenues
1,226,414
1,040,730
1,479,442
4,822,423
8,569,009
7,945,229
Operating expenses:
Cost of sales and services
618,504
704,124
-
-
1,322,628
1,028,385
Distribution
273,290
195,381
-
-
468,671
504,589
Administration
7,975
7,958
6,540
-
22,473
26,664
Collection and disposal
-
-
1,043,886
-
1,043,886
1,122,048
Recycling
-
-
267,335
-
267,335
305,061
Hazardous waste
-
-
-
-
2,159
Cost of goods sold
-
-
-
3,924,647
3,924,647
3,910,181
Operating expense
-
-
-
516,822
516,822
451,418
Depreciation
82,010
112,489
816
33,308
228,623
242,781
Total operating expenses
981,779
1,019,952
1,318,577
4,474,777
7,795,085
7,593,286
Net income from operations
244,635
20,778
160,865
347,646
773,924
351,943
Nonoperating revenues (expenses):
Interest income
43,889
139,434
16,780
46,745
246,848
253,419
Miscellaneous revenues
24
38,682
18
5,909
44,633
9,480
Miscellaneous expenses
(40)
(3,030)
-
1,99
5,067
(1,818)
Total nonoperating revenues (expenses)
43,873
175,086
16,798
50,657
286,414
261,081
Net income before operating transfers
288,508
195,864
177,663
398,303
1060 38
613,024
Operating transfers:
Operating transfers in
206,075
548,319
-
-
754,394
217,278
Operating transfers (out)
257,910
600,154
81,371
202,130
1,141,56
587,420
Total operating transfers
(51,835)
(51,835)
(81,371)
(202,130)
(397,171)
(370,142)
Net income
236,673
144,029
96,292
196,173
673,167
242,882
Credit for depreciation on contributed assets
26,294
38,935
-
-
65,229
65,229
Retained earnings - January 1
1,628,290
3,289,000
470,228
1,100,473
6,487,991
6,179,880
Retained earnings - December 31
$1,891,257
$3,471,964
$566,520
$1,296,646
$7,226,387
$6,487,991
lU7
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Totals For the Year Ended December 31, 1991
Cash flows from operating activities:
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenues
Miscellaneous expenses
Net cash flows from 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 flows front
capital and related financing activities
Cash flows from investing activities:
Purchase of investments
Proceeds from sale and maturity of investments
Interest received on investments
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
1:
Statement 31 '
Page 1 of 2
Totals
Water Sewer Refuse Liquor 1992 1991
$1,145,412
$987,437
$1,515,854
$4,821,528
$8,470,231
$7,966,363
(728,849)
(782,145)
(1 ,307057)
(4,073,261)
(6,892,212)
(6,730 ,510)
(169,777)
(115,729)
(1,867)
(305 ,379)
(592,752)
(617,437)
24
38,682
18
5,909
44,633
9,480
(40)
(3,030)
-
(1,997)
(5,067)
1,818
246,770
125,215
206,048
446,800
1,024,833
626,078
51,835 51,835 81,371 202,130 387,171 70,142
(215,503) (239,908) (4,832) (6,000) (466,243) (238.938)
1 ,505 1,505 -
215,503 9,908 (4,832) (4,495) 464,738 8,938
(14,815) - (229,123) (488,039) (731,977) (143,861)
- 835,969 - - 835,969 -
43,660 136,194 15,470 44,447 239,771 337,880
28,845 972,163 213,653 (443,592) 343,763 194,019
8,277 805,635 (93,808) (203,417) 516,687 211,017
25 ,392 43,674 106,672 278,765 367,155 156,138
$33,669 $761,961 $12,864 $75,348 $883,842 $367,155
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Totals For the Year Ended December 31, 1991
Statement 31
Page 2 of 2
Totals
Water Sewer Refuse Liquor 1992 1991
Reconciliation of operating income (loss to
Net cash flows from operating activities
Operating income $244,635 $20,778 $160,865 $347,646 $773,924 $351,943
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
24
38,682
18
5,909
44,633
900
Miscellaneous expenses
(40)
(3,030)
-
(1,997)
(5,067)
(1,818)
Depreciation expense
82,010
112,489
816
33,308
228,623
242,781
Changes in assets and liabilities:
(In crease) decrease in accounts receivable
(81,002)
(53,293)
36,412
(103)
(97,986)
(29,181)
(increase) decrease in due from other governmental unit
-
17,566
36,541
(792)
53,315
51,107
(Increase) decrease in prepaid expenses
-
911
-
-
911
(5,179)
(Increase) decrease in inventory, at cost
39
-
-
81,176
81,215
(44,769)
Increase (decrease) in accounts payable
(1,486)
(9,876)
(28,473)
(28,135)
(67,970)
49,847
Increase (decrease) in accrued
salaries and withholdings payable
2,344
988
(131)
5,019
8,220
5,120
Increase (decrease) in due to other governmental units
246
-
-
4,769
5,015
(3,253)
Total adjustments
2,135
104,437
45,183
99,154
250,909
274,135
Net cash flows from operating activities $246,770 $125,215 $206,048 $446,800 $1,024,833 $626,078
1'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER U7UM FUND
BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Statement 32 '
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1992 1991
Assets
Current assets:
Cash and cash equivalents
Temporary investments
Receivables:
Accounts
Interest
Inventory, at cost
Total current assets
Fixed assets:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Construction in process
Total fixed assets
Less accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Liabilities:
Accounts payable
Accrued salaries and withholdings payable
Due to other governmental units
Total liabilities
Fund Equity:
Contributed capital:
Property owners
Federal funds
Total contributed capital
Retained earnings:
Reserved for capital replacement /construction
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
110
$11,549
$ -
$22,120
$33,669
$25,392
204,133
124,548
379,486
708,167
693,352
247,587
-
-
247,587
166,585
167
1,029
4,407
5,603
5,374
2,496
-
-
2,496
2,535
465,932
125,577
40 6,013
997,522
893,238
2,201,887
125,577
420,600
45,223
-
-
45,223
45,223
233,236
-
-
233,236
233,236
2,835,891
-
-
2,835,891
2,661,821
263,943
-
-
263,943
242,580
-
-
14,587
14,587
-
3,378,293
0
14,587
3,392,880
3,182,860
1,565,544
-
-
1,565,544
1,489,016
1,812,749
0
14,587
1,827,336
1,693,844
$2,278,681
$= 1$420,600
$2,824,858
$2,587,08822
$52,360 $ - $ - $52,360 $53,846
17,352 - - 17,352 15,008
7,082 - - 7,082 6,836
76,794 0 0 76,794 75,690
403,807
-
403,807
430,102
453,000
-
-
453,000
453,000
856,807
0
0
856,807
883,102
-
125,577
420,600
546,177
679,674
1,345,080
-
-
1,345 080
948,616
1,345,080
125,577
420,600
1,891,257
1,
2,201,887
125,577
420,600
2,748,064
2,511,392
$2,278,681
$125,577
$420,600
$2
$2,587,082
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WAS UTILITY FUND Statement 33
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Operating revenues:
Charges for services:
Customer services
Penalties
Charges for sales:
Water sales
Meter sales
Total operating revenues
Operating expenses:
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expenses
Net income from operations
Nonoperating revenues (expenses):
Capital Capital
Equipment Construction
Operating Replacement Replacement Totals
Account Account Account 1992 1991
$6,091
$ - $ - $6,091
$5,236
46,773
- - 46,773
25,043
1,169,888
- - 1,169,888
773,324
3,66?
- 3,662
4,624
1,226,414
0 0 1,226,414
808,227
-_
618,504
- - 618,504
386,409
273,290
- - 273,290
287,971
7,975
- - 7,975
7,124
82,010
- 82,010
76,933
9_ 81 =779
0 0 981,779
758,437
_._
- 244,635
0 0 244,635
49,790
Interest income
1,311
8,061
34,517
43,889
52,770
Miscellaneous revenues
24
-
-
24
1,293
Miscellaneous expenses
(40)
-_
-_
(40)
(127)
Total nonoperating revenues (expenses) 1,295
8,061
34,517
43,873'
53,936
Net income before operating transfers
245,930
8,061
34,517
288,508
103,726
Operating transfers:
Operating transfers in
191,075
15,000
-
206,075
133,095
Operating transfers (out)
66,83
24,03
167,038
257,910
176,974
Total operating transfers
124,240
9,037
167,038
51,835
43,879
Net income (loss)
370,170
(976)
(132,521)
236,673
59,847
Credit for depreciation on contributed assets
26,294
_
_
26 ,294
26 ,294
Retained earnings - January 1
948,616
126,553.
553,121
1,628,290
1_ ,542149
Retained earnings - December 31
$1,345,080
$125,577
$420,600
�
$1,891,257
$1,628,290
111
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Faded December 31, 1992
With Comparative Amounts For the Year Ended December 31, 1991
Statement 34 ,
Reconciliation of operating income to
Net cash flows from operating activities
Operating income
1992
1991
Cash flows from operating activities:
Cash received from customers
$1,145,412
$797,160
Cash paid to suppliers for goods and services
(728,849)
(486,610)
Cash payments to employees for services
(169,777)
(200,355)
Miscellaneous revenues
24
1,293
Miscellaneous expenses
(40)
(127)
Net cash flows from operating activities
246,770
111,361
Cash flows from noncapital financing activities:
39
(188)
Operating transfers (out)
(51,835)
(43,879)
Cash flows from capital and related financing activities:
2,344
(556)
Acquisition of fixed assets
(215,503)
(124,393)
Cash flows from investing activities:
2,135
61,571
Purchase of investments
(14,815)
(93,351)
Interest received on investments
43,660
64,381
Net cash flows from investing activities
28,845
(28,970)
Net increase (decrease) in cash and cash equivalents
8,277
(85,881)
Cash and cash equivalents - January 1
25,392
111,273
Cash and cash equivalents - December 31
$33,669
$25,392
Reconciliation of operating income to
Net cash flows from operating activities
Operating income
$244,635
$49,790
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
24
1,293
Miscellaneous expenses
(40)
(127)
Depreciation expense
82,010
76,933
Changes in assets and liabilities:
( Increase) decrease in accounts receivable
(81,002)
(11,067)
(Increase) decrease in inventories
39
(188)
(Decrease) in accounts payable
(1 +486)
(4,266)
Increase (decrease) in accrued salaries and withholdings payable
2,344
(556)
Increase (decrease) in due to other governmental units
246
(451)
Total adjustments
2,135
61,571
Net cash flows from operating activities
$246,770
$111,361
112
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND
BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Assets
Current assets:
Cash and cash equivalents
Temporary 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
Construction in process
Total fixed assets
Less accumulated depreciation
Net fixed assets
' Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Accrued salaries and withholdings payable
Total liabilities
Fund equity:
Contributed capital:
Customers
Retained earnings:
Reserved for capital replacement /construction
Unreserved
Total retained earnings
' Total fund equity
Total liabilities and fund equity
Statement 35
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1992 1991
$19,637
$ -
$742,324
$761,961
($43,674)
-
172,269
1,038,406
1,210,675
2,046,644
229,285
-
-
229,285
175,992
-
1,507
16,927
18,434
15,195
16,274
-
-
16,274
15,648
55,910
-
-
55,910
56,821
321,106
173,776
1,797,657
2,292,539
2,266,626
2,147,893
173,776
1,857,367
4,179,036
138,242
-
-
138,242
156,434
$4,062,647
-�'ii
36.586
-
-
36,586
36,586
45,690
-
-
45,690
45,690
3,056,707
-
-
3,056,707
3,007,791
437,468
-
-
437,468
366,685
-
-
59,710
59,710
-
3,576,451
0
59,710
3,636,161
3,4
1,869,154
-
-
1,869,154
1,817,165
1,707,297
0
59,710
1,767,007
1,639,587
$2,166,645
$173,776
$1,857,367
$4,197,788
$4,062,647
$3,559
$ -
$ -
$3,559
$13,435
15,193
-
-
15,193
14,205
18,752
0
0
18,752
27,640
707,072
-
-
707,072
746,007
-
173,776
1,857,367
2,031,143
2,370,028
1,440,821
-
-
1,440,821
918,972
1,440,821
173,776
1,857,367
3,471,964
3,289,000
2,147,893
173,776
1,857,367
4,179,036
4,035,007
$2,166,645
$173,776
$1,857,367
$4,197,788
$4,062,647
-�'ii
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTH TTY FUND Statement 36
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Operating revenues:
Charges for sales and services:
Sewer service charges
Operating expenses:
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses)
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1992 1991
$1,040,730 $ -
$ - $1,040,730
$774,047
704,124 -
- 704,124
641,976
195,381 -
- 195,381
216,618
7,958 -
- 7,958
6,988
112,489 -
- 112,489
132,472
1,019,952 0
0 1,019,952
998,054
20,778 0
0 20,778
2( 24,007)
Interest income - 11,800 127,634 139,434 156,438
Miscellaneous revenues 18,682 - 20,000 38,682 -
Miscellaneous expenses (3,030) - - 3,030 (127)
Total nonoperating revenues (expenses) 15,652 11,800 147,634 175,086 156,311
Net income (loss) before operating transfer
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income (loss)
Credit for depreciation on contributed assets
Retained earnings - January 1
Retained earnings - December 31
114
36,430 11,800 147,634 195,864 67,6
523,319 25,000 - 548,319 84,183
76,835 1_ 28,23). 395,082 600,154 128,05
446,484 103,237 395,082 51,835 43,874
482,914 (91,437) (247,448) 144,029 (111,570)
38,935 - - 38,935 38,935
918,972 265,213 2,104,815 3,289,000 3,361,635
$1,440,821 $173,776 $1,857,367 $3,471,964 $3,289,000
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Amounts For the Year Ended December 31, 1991
Statement 37
Cash flows from operating activities:
1992
1991
Cash received from customers
$987,437
$806,405
Cash paid to suppliers for goods and services
(782,145)
(763,427)
Cash payments to employees for services
(115,729)
(127,916)
Miscellaneous revenues
38,682
_
Miscellaneous expenses
(3,030)
_ (127)
Net cash flows from operating activities
125,215
(85,065)
Cash flows from noncapitai financing activities:
(53,293)
(4,488)
Operating transfers (out)
(51,835)
(43,874)
Cash flows from capital and related financing activities:
911
(5,179)
Acquisition of fixed assets
(239,908)
(57,310)
Cash flows from Investing activities:
988
31
Purchase of investments
104,437
(46,644)
Proceeds from sale and maturity of investments
835,969
_
Interest received on investments
136,194
202,290
Net cash flows from investing activities
972,163
155,646
Net increase ( decrease) in cash and cash equivalents
805,635
(30,603)
Cash and cash equivalents - January 1
(43,674)
(13,071)
Cash and cash equivalents - December 31
$761,961
($43,674)
Reconciliation of operating income (loss) to
Net cash flows from operating activities
Operating income (loss)
$20,778
($224,007)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Miscellaneous revenues
38,682
-
Miscellaneous expenses
(3,030)
(127)
Depreciation expense
112,489
132,472
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(53,293)
(4,488)
(Increase) decrease in due from other governmental units
17,566
37,638
(Increase) decrease in prepaid expense
911
(5,179)
Increase (decrease) in accounts payable
(9,876)
(21,405)
Increase (decrease) in accrued salaries and withholdings payable
988
31
Total adjustments
104,437
138,942
Net cash flows from operating activities
$125,215
($85,06
115
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 38
BALANCE SHEET
December 31, 1992
With Comparative Amounts For December 31, 1991
Assets
Current assets:
Cash and cash equivalents
Temporary investments
Receivables:
Accounts
Interest
Due from other governmental units
Total current assets
Fixed assets:
Improvements other than buildings
Machinery and equipment
Total fixed assets
Less accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Accrued salaries and withholdings payable
Total liabilities
Fund equity:
Retained earnings:
Unreserved
Total liabilities and fund equity
MCI
1992 1991
$12,864
230,235
302,368
2,142
12,916
560,525
2,890
5,447
8,337
2,275
6,062
$566,587
$53
14
67
566,520
$566,587
$106,672
1,111
338,780
832
49,457
496,852
2,890
615
3,505
1,458
2,047
$498,899
$28,526
145
28,671
470,228
$498,899
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE U`fUXrY FUND Statement 39
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Amounts For The Year Ended December 31, 1991
'
1992
1991
Operating revenues:
Refuse service ages
$1,449,586
$1,523,154
Intergovernmental
29,856
50,458
Total operating revenues
1,479,442
1,573,612
Operating expenses:
Administration
6,540
12,552
Collections and disposals
1,043,886
1,122,048
Recycling
267,335
305,061
Hazardous waste
-
2,159
Depreciation
816
351
Total operating expenses
1,318,577
1,442,171
' Net income from operations
160,865
131,441
Nonoperating revenues:
Interest income
16,780
8,173
Miscellaneous revenues
18
25
Total nonoperating revenues
16,798
8,198
Net income before operating transfers
177,663
139,639
Operating transfers:
Operating transfers (out) (81,371) (67,957)
Total operating transfers (81,371) (67,957)
Net income 96,292 71,682
Retained earnings - January 1 470,228 398,546
Retained earnings - December 31 $566,520 $470,228
117
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE LrfU Y FUND Statement 40
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Amounts For the Year Ended December 31, 1991
Cash flows from operating activities:
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenues
Net cash flows from operating activities
Cash flows from noncapital financing activities:
Operating transfers (out)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Cash flows from investing activities:
Purchase of investments
Interest received on investments
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income to
Net cash flows from operating activities
Operating income
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
Miscellaneous expenses
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in due from other governmental units
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Total adjustments
Net cash flows from operating activities
118
1992
1,515,854
(1,307,957)
(1,867)
18
206,048
1991
1,573,874
(1,411,825)
(1,500)
25
160,574
t
[1
81371 67,95 1
(4,832)
(229,123)
15,470
(213,653)
(93,808)
106,672
$12,864
$160,865
18
816
36,412
36,541
(28,473)
(131)
45,183
$206,048
(1,112)
9,285
8,173
100,790
5,882
$106,672
$131,441
25
351
(13,776)
14,038
28,350
145
29,133
$160,574
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 41
BALANCE SBEET
December 31, 1992
With Comparative Amounts For December 31, 1991
Assets
Current assets:
Cash and cash equivalents
Temporary investments
Receivables:
Accounts
Interest
Due from other governmental units
Inventory, at cost
Total current assets
Fixed assets:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Total fixed assets
Less accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Contracts payable- retained percentage
Accrued salaries and withholdings payable
Due to other governmental units
Total liabilities
Fund equity:
Retained earnings:
Unreserved
tTotal liabilities and fund equity
1992
$75,348
792,358
103
5,968
1,565
404,269
1,279,611
13,051
189,522
100,093
200,420
503,086
257,694
245,392
$1,525,003
$147,216
595
33,037
47,509
228,357
1,296,646
$1,525,003
1991
$278,765
302,754
3,670
773
485,445
1,071,407
13,051
183,522
100,093
201,925
498,591
222,821
275,770
$1,347,177
cow
$175,946
28,018
42,740
246,704
1,100,473
$1,347,177
119
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 42
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Operating revenues:
Charges for sales:
Liquor
Beer
Wine
Other
Total operating revenues
Operating expenses:
Cost of goods sold
Operating expense
Depreciation
Total operating expenses
Net income from operations
Nonoperating revenues (expenses)
Interest income
Miscellaneous revenues
Miscellaneous expenses
Total nonoperating revenues (expenses)
Net income before operating transfers
Operating transfers:
Operating transfers (out)
Total operating transfers
Net income
Retained earnings - January 1
Retained earnings - December 31
120
398,303 437,355
(202,130)
Heights
Totals
Top Valu
Liquor
1992
1991
222,923
$1,124,946
$251,645
$1,376,591
$1,372,340
1,776,771
617,330
2,394,101
2,373,551
363,299
56,947
420,246
409,671
507,949
123,536
631,485
633,781
3,772,965
1,049,458
4,822,423
4,789,343
3,099,049
825,598
3,924,647
3,910,181
405,643
111,179
516,822
451,418
21,534
11,774
33,308
33,025
3,526,226
948,551
4,474,777
4,394,624
$246,739
$100,907
347,646
394,719
46,745
36,038
5,909
8,162
(1,997)
(1,564)
50,657
42,636
398,303 437,355
(202,130)
(214,432)
(202,130)
(214,432)
196,173
222,923
1,100,473
877,550
$1,296,646
$1,100,473
t
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Amounts For the Year Ended December 31, 1991
Statement 43
1992
1991
Cash flows from operating activities:
I
Cash received from customers
$4,821,528
$4,788,924
Cash paid to suppliers for goods and services
(4,073,261)
(4,068,648)
Cash payments to employees for services
(305,379)
(287,666)
Miscellaneous revenues
5,909
8,162
Miscellaneous expenses
(1,997)
(1,564)
Net cash flows from operating activities
446,800
439,208
Cash flows from noncapital financing activities:
Operating transfers (out)
(202,130)
(214,432)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(6,000)
(57,235)
'
Disposition of fixed assets
1,505
Net cash flows from capital and related financing activities
(4,495)
(57,235)
Cash flows from investing activities:
Purchase of investments
(488,039)
(2,754)
Interest received on investments
44,447
61,924
Net cash flows from investing activities
(443,592)
59,170
Net increase (decrease) in cash and cash equivalents
(203,417)
226,711
1 Cash and cash equivalents - January 1
278,765
52,054
Cash and cash equivalents - December 31
$75,348
$278,765
Reconciliation of operating income to
Net cash flows from operating activities
Operating income
$347,646
$394,719
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
5,909
8,162
Miscellaneous expenses
(1,997)
(1,564)
Depreciation expense
33,308
33,025
Changes in assets and liabilities:
( Increase) decrease in accounts receivable
(103)
150
(Increase) decrease in due from other governmental units
(792)
(569)
(Increase) decrease in inventory, at cost
81,176
(44,581)
Increase (decrease) in accounts payable
(28,135)
47,168
Increase (decrease) in accrued salaries and withholdings payable
5,019
5,500
Increase (decrease) in due to other governmental units
4,769
(2,802)
Total adjustments
99,154
44,489
Net cash flows from operating activities
$446,800
$439,208
121
CH
122
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE
Internal Service Funds are used to account for the
financing on a cost reimbursement basis of goods or
services provided by one department or agency to other
departments or agencies within the City.
Central Garage Fund - 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.
Insurance Fund - 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.
123
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
fl
Statement 44 1
Central Totals
Assets
Garage Insurance 1992 1991
-�
Current assets:
Cash and cash equivalents
$28,894
$538,893
$567,787
$100,267
Temporary investments
-
-
-
331,191
Receivables:
Machinery and equipment
99,384
-
Accounts
52
-
52
3,503
Interest
461
3,562
4,023
3,266
Prepaid expense
-
65,999
65,999
64,925
Inventory, at cost
85,886
-
85,886
80,520
Total current assets
115,293
608,454
723,747
583,672
Fired assets:
Buildings
309,668
-
309,668
307,888
Improvements other than buildings
121,550
-
121,550
98,629
Machinery and equipment
99,384
-
99,384
97,412
Total fixed assets
530,602
0
530,602
503,929
'
Less accumulated depreciation
182,852
-
182,852
153,781
Net fixed assets
347,750
0
347,750
350,148
Total assets
$463,043
$608,454
$1,071,497
$933,820
Liabilities and Fund Equity
Current liabilities:
Accounts payable
$11,945
$810
$12,755
$17,232
Accrued salaries and withholdings payable
15,191
-
15,191
22,029
Total liabilities
27,136
810
27,946
39,261
Fund equity:
Contributed capital:
Municipal funds
Property
124,196
-
124,196
124,196
owners
64,653
64,653
64,653
Total contributed capital
188,849
0
188,849
188,949
Retained earnings:
Reserved for insurance
607,644
607,644
453,191
Reserved for capital improvement
32,260
-
32.260
26,521
Unreserved
214,798
214,798
225,998
Total retained earnings
247,058
607,644
854,702
Total fund equity
435,907
607,644
1,043,551
894,559
Total liabilities and fund equity
$463,043
$608,454
$1,071,497
$933,820
124
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
Statement 45
Central
Totals
Garage
Insurance
1992
1991
Operating revenues:
Charges for services:
Services to departments
$99,386
$ -
$99,386
$90,068
Use of space
110,049
-
110,049
112,939
Insurance allocation
-
63,277
63,277
74,469
Recovery of damages
-
-
-
5,935
Charges for sales:
Sales of gasoline
52,111
-
52,111
60,231
Total operating revenues
261,546
63,277
324,823
343,642
Operating expenses:
Cost of services and space
243 ,021
-
243,021
286,688
Claims administration
-
17,997
17,997
29,539
Claims
Insurance deductible
2,971
2,971
124,924
Depreciation
29,071
31,485
-
31,485
29,071
5,440
29,702
Total operating expenses
272,092
52,453
324,545
476,293
Net income (loss) from operations
(10,546)
10,824
278
(132,651)
Nonoperating revenues
Interest income
3,609
27,903
31,512
32,067
Miscellaneous revenues
1,476
115,726
117,202
22,616
Total nonoperating revenues
5,085
143,629
148,714
54,683
Net income (loss) before operating transfers
(5,461)
154,453
148,992
(77,968)
Operating transfers:
Operating transfers in
4,000
-
4,000
42,800
I Operating transfers (out)
(4,000)
-
(41000)
(11,499)
Total operating transfers
0
0
0
31,301
Net income (loss)
(5,461)
154,453
148,992
(46,667)
Retained earnings - January 1
252,519
453,191
705,710
752,377
Retained earnings - December 31
$247,058
$607,644
$854,702
$705,710
125
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Faded December 31. 1992
With Comparative Totals For the Year Ended December 31, 1991
Cash flows from operating activities:
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenues
Net cash flows from operating activities
Cash flows from noncapital financing activities:
Operating transfers in
Operating transfers (out)
Net cash flows from noncapital financing activities
t
Statement 46 1
Central
117,202
Totals
Garage
Insurance
1992
1991
29,071
Changes in assets and liabilities:
-
$264,752
$63,522
$328,274
$343,014
(122,752)
(66,374)
(189.126)
(333.223)
(124,103)
-
(124,103)
(113,736)
1,476
115,726
117,202
22.616
19 ,373
112,874
132,247
(81,329)
4,000
-
4,000
42,800
(4,000)
-
(4,000)
(11,499)
0
0
0
31,301
Cash flows from capital and related financing activities:
Acquisition of fixed assets (26,673) - (26,673) _ (5,005)
Net cash flows from capital and related financing activities (26,673) 0 (26,673) (5,005)
Cash flows from investing activities:
Purchase of investments
Proceeds from sale and maturity of investments
Interest earned on investments
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income (lass) to
Net cash flows from operating activities
Operating Income (loss)
24,718 306,473 331,191 -
3,430 27,325 30,755 38,258
28,148 333,798 361,946 27,067
t
1
t
20,848 446,672 467,520 (27.966) ,
8,046 92,221 100,267 128,233
$28,894 w $538,893 $567,787 $100267
($10,546) $10,824 $278 ($132,651)
Adjustments to reconcile operating income (loss) to net
117,202
cash flows from operating activities:
-
Miscellaneous revenues
1,476
Depreciation expense
29,071
Changes in assets and liabilities:
-
( Increase) decrease in accounts receivable
3,206
(Increase) decrease in inventory
(5 .366)
(Increase) decrease in prepaid expense
_
Increase (decrease) in accounts payable
8,370
Increase (decrease) in accrued salaries and withholdings payable (6,838)
Total adjustments
29,919
s
115,726
117,202
22,616
-
29,071
29,702
245
3,451
(628)
-
(5,366)
(351)
(1,074)
(1,074)
5,761
(12,847)
(4,477)
(10,445)
-
(6,838)
4,667
102,050
131,969
51,322
Net cash flows from operating activities $19 ,373 $112,874 $132,247 ($81,329)
t
t
126 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND
BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Statement 47
Capital
Equipment
Operating Replacement Totals
Account Account 1992 1991
Assets
Current assets:
Cash and cash equivalents
Temporary investments
Receivables:
Accounts
Interest
Inventory, at cost
Total current assets
Fixed assets:
Buildings
Improvements other than buildings
Machinery and equipment
Total fixed assets
Less accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Accrued salaries and withholdings payable
Total 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
($3,144) $32,038 $28,894 $8,046
- 24,718
52
-
52
3,258
239
222
461
282
85,886
-
85,886
80,520
83,033
32,260
115,293
116,824
214,798
309,668
-
309,668
307,888
121,550
-
121,550
98,629
99,384
-
99,384
97,412
530,602
0
530,602
503,929
182,852
-
182,852
153,781
347,750
347,750
_ 350,148
$430,783
$32,260
$463,043
$466,972
$11,945 $ - $11,945 $3,575
15,191 - 15,191 22,029
27,136 0 27,136 25,604
124,196
-
124,196
124,196
64,653
-
64,653
64,653
188,849
0
188,849
188,849
-
32,26()
32,260
26,521
214,798
__
214,798
225,998
214,798
32,260
247,058
403,647
32,26_0
435,907
_ 441,368
$430,783
$32,260
$463,043
127
I�
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 48
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
t
t
1
128 1
Capital
Equipment
Operating
Replacement
Totals
Operating revenues:
Account
Account
1992
1991
--
'
Charges for services:
Services to departments
$99,386
$ -
$99,386
$90,068
Use of space
110,049
-
110,049
112,939
'
Charges for sales:
Sales of gasoline
52,111
-
52,111
60,231
Total operating revenues
261,546
0
261,546
263,238
Operating expenses:
Cost of services and space
243,021
-
243,021
286,688
,
Depreciation
29,071
29,071
29,702
Total operating expenses
272,092
0
272,092
3631, 90
Net (loss) from
e_
operations
(10,546)
0
(10,546)
(53,152)
Nonoperating revenues
Interest income
1,870
1,739
3,609
2,765
Miscellaneous revenues
1,476
-
1,476
9,361
Total nonoperating revenues
3,346
1,739
5,085
12,126
'
Net income (loss) before operating transfers
(7,200)
1,739
(5,461)
(41,026)
Operating transfers:
Operating transfers in
-
4,000
4,000
42,800
Operating transfers (out)
(4,000)
(4,000)
(51000)
Total operating transfers
(4,000)
4,000
0
37,800
Net income (loss)
(11,200)
5,739
(5,461)
(3,226)
Retained earnings - January 1
225 998
26,521
252,519
255,745
Retained earnings - December 31
$214,798
$32,260
$747,058
$252,519
i
t
t
1
128 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Amounts For the Year Ended December 31, 1991
Statement 49
Cash flows from investing activities:
Purchase of investments
1992
1991
Cash flows from operating activities:
24,718
_
Cash received from customers
$264,752
$259,980
Cash paid to suppliers for goods and services
(122,752)
(183,415)
Cash payments to employees for services
(124,103)
(113,736)
Miscellaneous revenues
1,476
9,361
Net cash flows from operating activities
19,373
(27,810)
Cash flows from noncapital financing activities:
Operating transfers in
4,000
42,800
Operating transfers (out)
(4,000)
(5,000)
Net cash flows from noncapital financing activities
0
37,800
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(26,673)
(5,005)
Depreciation expense
29,071
29,702
Cash flows from investing activities:
Purchase of investments
(4,718)
Proceeds from sale and maturity of investments
24,718
_
Interest earned on investments
3,430
2,483
Net cash flows from investing activities
28,148
(2,235)
Net increase in cash and cash equivalents
20,848
2,750
Cash and cash equivalents - January 1
8,046
5,2%
Cash and cash equivalents - December 31
$28,894
$8,046
Reconciliation of operating (loss) to
Net cash flows from operating activities
Operating (loss)
($10,546)
($53,152)
Adjustments to reconcile operating (loss) to net
cash flows from operating activities:
Miscellaneous revenues
1,476
9,361
Depreciation expense
29,071
29,702
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
3,206
(3,258)
(Increase) decrease in inventory, at cost
(5,366)
(351)
Increase (decrease) in accounts payable
8,370
(14,779)
Increase (decrease) in accrued salaries and withholdings payable
(6,838)
4,667
Total adjustments
29,919
25,342
tNet cash flows from operating activities
$19,373
($27,810)
129
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 50
BALANCE SHEET
December 31, 1992
With Comparative Amounts For December 31, 1991
Assets
Current assets:
Cash and cash equivalents
Temporary 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
130
1992 1991
$538,893
$92,221
-
306,473
-
245
3,562
2,984
65,999
64,925
$608,454
$466,848
$810 $13,657
607,644 453,191
$608,454 $466,848
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 51
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Faded December 31, 1992
With Comparative Amounts For The Year Ended December 31, 1991
1 131
1992
1991
Operating revenues:
Insurance allocation
$63,277
$74,469
Recovery of damages
-
5,935
Total operating revenues
63,277
80,404
Operating expenses:
Claims administration
17,997
29,539
Supplies and services
2,971
-
Claims
27,783
124,924
Insurance deductible
3,702
5,440
Total operating expenses
52,453
159,903
Net income (loss) from operations
10,824
(79,499)
Nonoperating revenues
Interest income
27,903
29,302
Miscellaneous revenues
115,726
13,255
Total nonoperating revenues
143,629
42,557
Net income (loss) before operating transfers
154,453
(36,942)
Operating transfers
Operating transfers (out)
-
(6,499)
Total operating transfers
0
(6,499)
Net income (loss)
154,453
(43,441)
Retained earnings - January 1
453,191
496,632
Retained earnings - December 31
$607,644
$453,191
1 131
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 52
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1992
With Comparative Amounts For the Year Ended December 31, 1991
Cash flows from operating activities:
Cash received from damages
Cash paid to suppliers for goods and services
Miscellaneous revenues
Net cash flows from operating activities
Cash flows from noncapital financing activities:
Operating transfers (out)
Cash flows from investing activities:
Purchase of investments
Proceeds from sale and maturity of investments
Interest earned on investments
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income (loss) to
Net cash flows from operating activities
Operating income (loss)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Miscellaneous revenues
Changes in assets and liabilities:
( Increase) decrease in accounts receivable
(Increase) decrease in prepaid expense
Increase (decrease) in accounts payable
Total adjustments
Net cash flows from operating activities
132
1992 1991
$63,522
$83,034
(66,374)
(149,808)
115,726
13,255
112,874
(53,519)
(6,499)
-
(6,473)
306,473
-
27,325
35,775
333,798
29,302
446,672
(30,716)
92,221 122,937
$538,893 $92,221
$10,824 ($79,499)
115,726 13,255
245
2,630
(1,074)
5,761
(12,847)
4,334
102,050
25,980
$112,874
($53,519)
TRUST AND AGENCY FUNDS
Trust and Agency Funds are used to account for assets held by a
government in a trustee or agent capacity for individuals, private
organizations, other governments and/or other funds.
Agency Funds:
Deferred Compensation Fund - used to account for assets held
by deferred compensation trustee.
Permit Surcharge Fund - used to account for SAC and SUR
charges collected for and remitted to the State of Minnesota.
Escrow Agency Fund - used to account for payroll - related
assets and liabilities.
Trust Funds:
Flex Benefit - used to account for contributions by employees
and related expenditures for flexible benefits.
Compensated Absences - used to account for funds that have
been set aside by the City Council for compensated absences.
133
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIDUCIARY FUNDS
COMBINING BALANCE SHEET
December 31, 1992
Statement 53 1
Assets
Cash and cash equivalents
Receivables
Assets held by deferred compensation trustee
Total assets
Liabilities and Fund Balance
Liabilities:
Accounts payable
Deferred compensation payable to employees
Deposits
Other liabilities
Total liabilities
Fund balance:
Unreserved:
Designated for compensated absences
Undesignated
Total fund balance
Total liabilities and fund balance
134
Expendable Trust
Flex Compensated
Agency
Benefit Absences
Funds
Total
$ - $100,000
$12,789
$112,789
- -
318
318
- -
1,195,530
1,195,530
$0 $100,000
$1,208,637
$1,308,637
$2,370 $ - $ - $2,370
- - 1,195,530 1,195,530
10,475 10,475
2,632 2,632
2,370 0 1,208,637 1,211,007
100,000 - 100,000
(2,370) - - (2,370)
(2,370) 100,000 0 97,630
$0 $100,000 $1,208,637 $1,308,637
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
EXPENDABLE TRUST FUNDS Statement 54
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
For The Year Ended December 31, 1992
�.
Flex
Compensated
Benefit
Absences
Total
Revenues
$ _
$ _
$ _
Expenditures:
Other services and charges
2,370
_
2,370
Revenues over (under) expenditures
(2,370)
0
(2,370)
Other financing sources:
Operating transfers in
-
100,000
100,000
' Net increase (decrease) in fund balance
(2,370)
100,000
97,630
Fund balance - January 1
_
_
Fund balance (deficit) - December 31
($2,370)
$100,000
$97,630
r
135
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIDUCIARY FUNDS
COMBWNG STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -
ALL AGENCY FUNDS
For The Year Ended December 31, 1992
Statement 55 1
Balance Balance
T l All Ag Fti 1/1/92 Additions Deletions 12/31/92
otaency nds
Assets
Cash and cash equivalents:
General account
Payroll account
Total cash and cash equivalents
Accounts receivable
Assets held by deferred compensation trustees
Total assets
Liabilities
Deferred compensation payable to employees
Deposits
Other liabilities
Total liabilities
Deferred Compensation Agency Fund
Assets
Assets held by deferred compensation trustee
Liabilities
Deferred compensation payable to employees
Permit',Rurchar&C Agency and
Assets
Cash and investments - general account
Liabilities
SAC/SUR charges payable
Escrow Agengy Fund
Assets
Cash and cash equivalents:
General account
Payroll account
Accounts receivable
Total assets
Liabilities
Deposits
Other liabilities:
Withholdings payable
Payroll deductions payable
Employee activity
Total liabilities
$9,973
907
10,880
222
940,934
$952,036
$940,934
6,632
4,470
$952,036
$4,575,794
2,542,077
7,117,871
11,349
254,596
$7,383,816
$254,596
4,443
2,174,308
$2,433,347
$4,573,978
2,541,984
7,115,962
11,253
$7,127,215
600
2,176,146
$2,176,746
$11,789
1,000
12,789
318
1,195,530
$1,208,637
$1,195 ,530
10,475
2,632
$1,208,637
$940,934 _ $254,596 $ - $1,195,530
i
t
1
$940,934 $254,596 $ - $1,195,530 1
$111 $3,653 $2,986 $778
$111
$9,862
907
222
$10,991
$6,632
25
2,621
1,713
$10,991
$3,780
$4 ,572,141
2,542,077
11,349
$7,125,567
$4,443
1,434,602
730,476
5,450
$2,174,971
$3,113
$4 ,570,992
2,541,984
11,253
$7,124,229
M
1,434,567
732,751
5,715
$2,173,633
$778
$11,011
1,000
318
$12,329
$10,475
346
1,448
$12,329
t
t
t
136 1
HOUSING AND REDEVELOPMENT
AUTHORITY COMPONENT UNIT
137
CITY OF COLUMBIA HEIGHTS, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY FUNDS
COMBINING BALANCE SHEET
December 31, 1992
With Comparative Totals For December 31, 1991
Assets
Cash and cash equivalents
Receivables:
Accounts
Taxes
Interest
Loans
Due from other governmental units
Due from other funds
Due from primary government
Prepaid expense
Assets held by deferred compensation trustee
Fixed assets
Other assets:
Real estate held for resale
Other debits:
Amount to be provided for compensated absences
Total assets
Liabilities, Equity and Other Credits
Liabilities:
Accounts payable
Accrued salaries and withholdings payable
Deferred compensation payable
Due to other governmental units
Due to other funds
Due to primary government
Deferred revenue
Deposits
Insurance and taxes in escrow
Compensated absences payable
Other liabilities:
Accreted liability for future program income
Total liabilities
Equity and other credits:
Investment in general fixed assets
Fund balance:
Reserved for community development
Reserved for Parkview Villa South maintenance
Unreserved:
Designated
Undesignated
Total equity and other credits
Total liabilities, equity and other credits
138
Governmental Fund Types
Special Revenue
Anoka County
Community
HRA Low Income Development
General Housing Block Grant
$582,223 $165,261 $ -
5,066 - -
3,362 - -
159 105 -
410,106 - -
7,210 - 53,822
63,152 - 5,511
4,466 - -
5,347 2,502 _
21,113
-
68,853
$1
$167,868
118,929
$
$8,175
$30,484
$2,610
5,462
1,790
_
15,175
15,715
- 3,144
5,511
63,152
-
5,466
-
24,608
423,003
2,583
-
5,060
5,205
_
6,634
68,853
474,486
118,929
99,215
165,139
166,961
23,540
_
-
272,078
48,939
28,971
627,718
48,939
$1,102,204
$167,868
$128 ®�
t
Fiduciary
Fund Type Account Groups
Agency
172,111
$172,111
172,111
172,111
0
$172,111
General
Fixed Assets
5,066,689
$5,066,689
General
Lang -Term
Debt
9,590
$9,590
1992
$747,484
5,066
3,362
264
410,106
61,032
68,663
4,466
7,849
172,111
5,066,689
89,966
9,590
$6,646,648
Totals
Statement 56
1991
$727,652
278
3,527
469
399,404
200,951
32,173
6,303
5,807
154,615
5,032,349
98,413
9,874
$6,671,815
$41,269
$212,791
- - 7,252
7,225
- - 172,111
154,615
- - 34,034
34,069
" - 68,663
32,173
- - 30,074
15,974
- - 425,586
409,979
- - 10,265
9,105
- - 6,634
7,121
- 9,590 9,590
9,874
0
5, 066,689
5,066,689
$5,066,689
9,590
0
$9,590
68,853
874,331
5,066,689
165,139
166,961
23,540
349,988
5,772,317
$6,646,648
892,926
5,032,349
160,187
118,770
467,583
5,778,889
$6,671,815
CITY OF COLUMBIA HEIGHTS, NIINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY FUNDS
Statement 57
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND
CHANGES IN FUND BALANCE - ALL GOVERNMENTAL
FUND TYPES
For The Year Ended December 31, 1992
With Comparative Totals For The Year Ended December 31, 1991
HRA Special
Revenue
Anoka
County
Community
Low Income
Development
Totals
HRA General
Housing
Block Grant
1992
1991
Revenues:
Taxes
$58,723
$ -
$ -
$58,723
$57,707
Intergovernmental
55,706
19,955
177,634
253,295
531,737
Interest
49,611
5,530
-
55,141
57,318
Other revenues:
Rents
175,302
215,973
-
391,275
271,608
Miscellaneous
118,892
1,898
-
120,790
23,510
Reimbursements/contributions
18,092
-
-
18,092
1,782,270
Total revenues
476,326
243,356
177,634
897,316
2,724,150
Expenditures:
Administration:
Personal services
252,171
42,823
-
294,994
265,343
Other services and charges:
Utilities and maintenance operations
98,068
219,468
-
317,536
146,412
Other expenditures:
Loans made
25,000
-
-
25,000
-
Cost of real estate sold
98,413
-
-
98,413
-
CDBG program expenditures
-
-
184,361
184,361
90,277
Miscellaneous
-
953
-
953
Residual receipts payments
-
-
-
-
5,582
Capital outlay:
Property acquisitions/
capital improvements
-
16,971
-
16,971
2,084,671
Debt service
_
125,905
Total expenditures
473,652
280,215
184,361
938,228
2,718,190
Revenues over (under) expenditures
2,674
36,859
6,72
40,912
5,960
Other financing sources:
HUD forgiveness of loan
principal and interest
-
-
_
183,617
Total other financing sources
0
0
0
0
183,617
Net increase (decrease)
in fund balance
2,674
(36,859)
(6,727)
(40,912)
189,577
Fund balance - January 1
625,044
85,798
35,698
746,540
556,963
Fund balance - December 31
$627,718
$48,939
$28,971
$705,628
$74
140
GENERAL FIXED ASSETS
ACCOUNT GROUP
The City maintains a separate account group which
contains the fixed assets used in the governmental fund
type operations. They are assets of the City as a whole
and not of individual funds.
141
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPARATIVE SCHEDULE OF GENERAL FD(ED ASSETS BY SOURCE
For The Year Ended December 31, 1992
Statement 58
142
Balance
Balance
General Fixed s otc
1/1/92
Additions
Deletions
12/31/92
Land
$3,132,099
$ -
$ -
$3,132,099
Buildings
3,013,217
19,058
-
3,032,275
Improvements other than buildings
1,364,692
75,793
-
1,440,485
Machinery and equipment
3,881,445
249,502
60,888
4,070,059
Construction in process
964,114
443,470
1,158,717
248,867
Total general fixed assets
$12,355,567
$787,823
$1,219,605
$11,923,785
Investment in General Fixed Assets by Sow
General Obligation Bonds:
Library Bonds of 1966
$90,000
$ _
$ -
$90,000
Municipal Building Bonds of 1959
150,000
-
-
150,000
Park Bonds of 1962
325,000
-
-
325,000
City Garage Bonds of 1972
510,000
-
-
510,000
Capital Improvement Bonds of 1976
929,475
-
-
929,475
Total general obligation bonds
2,004,475
0
0
2,004,475
Grants:
Federal E.D.A. and H.U.D.
526,290
-
-
526,290
State
267,203
-
-
267,2031
Total grants
793,493
0
0
793,493
Revenue sharing:
Federal
1,752,317
-
-
1,752,317
Anoka County
51,550
-
-
51,550
Total revenue sharing
1,803,867
0
0
1,803,867
Balance from current revenue and contributions
7,753,732
787,823
1,219,605
7,321,950
Total investments in fixed
general assets
$12,355,567
$787,823
$1,219,605
$11,923,785
142
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF CHANGES IN GENERAL FDCrD ASSETS Statement 59
BY FUNCTION AND ACT rvr=
For The Year Ended December 31, 1992
r
1 143
Balance
Balance
1/1/92
Additions
Deletions
12/31/92
General Government:
Council
$23,142
$178
$755
$22,565
Manager
22,564
1,159
-
23,723
Finance and elections
160,819
68,413
799
228,433
Assessing
15,500
-
755
14,745
Planning
679
-
-
679
General government buildings
1,093,827
7,857
-
1,101,684
Total General Government
1,316,531
77,607
2,309
1,391,829
Public Safety:
Police/animal/civil defense
307,011
47,361
1,347
353,025
Fire
386,285
19,074
-
405,359
Inspections
20,380
-
-
20,380
Total Public Safety
713,676
66,435
1,347
778,764
Public Works:
Engineering
198,351
17,066
11,102
204,315
Maintenance
1,601,371
51,115
10,000
1,642,486
Total Public Works
1,799,722
68,181
21,102
1,846,801
Other Departments:
Sanitation
652
-
-
652
Parks and Recreation
7,204,266
117,827
32,310
7,289,783
Library
338,102
14,003
3,820
348,285
Cable television
18,504
300
-
18,804
Construction in process
964 ,114
443,470
1,158,717
248,867
Total Other Departments
8,525,638
575,600
1,194,847
7,906,391
Total general fixed assets
$12,355,567
$787,823
$1,219,605
$11,923,785
1 143
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHMULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
December 31, 1992
General Government:
Council
Manager
Finance and elections
Assessing
Planning
General government buildings
Total General Government
Public Safety:
PoliceAnimal/civil defense
Fire
Inspections
Total Public Safety
Public Works:
Engineering
Maintenance
Total Public Works
Other Departments:
Sanitation
Parks and recreation
Library
Cable television
Construction in process
Total Other Departments
Totals
144
Statement 60 1
Improvements Machinery
Other Than and Construction
Land Buildings Buildings Equipment In Process Total
$ -
$ -
$ -
$22,565
$ -
$22,565
-
-
-
23,723
-
23,723
-
-
-
228,433
-
228,433
-
-
-
14,745
-
14,745
-
-
-
679
-
679
110,920
911,221
19,396
60,147
-
1,101,684
110,920
911,221
19,396
350,292
0
1,391,829
-
-
1,710
351,315
-
353,025
-
1,998
2,199
401,162
-
405,359
-
-
-
20,380
-
20,380
0
1,998
3,909
772,857
0
778,764
-
2,820
2,801
198,694
-
204,315
-
18,750
561,894
1,061,842
-
1,642,486
0
21,570
564,695
1,260,536
0
1,846,801
-
-
-
652
-
652
3,000,179
1,899,222
852,485
1,537,897
-
7,289,783
21,000
198,264
-
129,021
-
348,285
-
-
-
18,804
-
18,804
-
-
-
-
248,867
248,867
3,021,179
2,097,486
852,485
1,686,374
248,867
7,906,391
$3,132,099 $3,032,275 $1,440,485 $4,070,059 $248,867 $11,923,785
GENERAL LONG -TERM DEBT
ACCOUNT GROUP
The General Long -Term Debt Account Group is used to
account for the long -term debt of the City other than debt
recorded in the Enterprise Fund.
145
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1992
Amount Available And To Be Provided For The
Payment Of General Long -Term Debt
Amount available in Debt Service Funds
Amount to be provided for retirement of:
Long -term debt
Note payable to BRA
Liability for compensated absences
Total available and to be provided for
General Long -Term Debt Payable
General Obligation Bonds payable
Accrued interest on Capital Appreciation Bonds
Note payable to HRA
Liability for compensated absences payable
Total general long -tern debt payable
146
Statement 61
$8,905,141
10,514,070
15,982
343,397
$19,778,590
$19,059,721
359,490
15,982
343,397
$19,778,590
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1992
Statement 62
147
General Obligation Bonds
Year
Principal
Interest
1993
$1,245,000
$1,024,072
1994
7,860,000
704,594
1995
1,335,000
423,141
1996
1,150,000
316,072
1997
1,155,000
250,077
1998
990,000
190,390
1999
945,000
138,168
2000
900,000
86,980
2001
860,000
37,270
2002
611,515
499,865
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
Total
$19,059,721
$7,607,423
147
CH
148
CITY OF COLUMBIA HEIGHTS, MEgNESOTA
SUPPLEMENTARY
FINANCIAL
INFORMATION
1
149
r
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1992
L�
Interest Issue Maturity
Rate Date Date
Special Assessment Bonds
General Obligation Refunding
Im=vement Bonds of 1987 Series A 6/1/87 3/1/95
All bonds maturing on or after March 1, 1992 shall be subject to 3/01 -9/01
redemption and prior payment in whole or in part in inverse order of 5.75%
maturity at the option of the issue on March 1, 1991 and interest 6.00%
payment date thereafter at a price of the principal amount thereof 6.40%
plus accrued interest. 6.60%
Total Special Assessment Bonds
Tax Increment Bonds
G.O. Tax Increment Bonds Series 1984
6/1/84
3/1/94
Bonds maturing on or after March 1, 1992 will be subject to
3/01-9/01
redemption and prepayment at the option of the City in inverse
9.00%
order on March 1, 1991 and any interest payment date thereafter at
9.20%
100% of their principal plus accrued interest.
9.40%
G.O. Tax Increment Refunding Bonds of 1987 Series A (A)
9/1/85
3/1/02
Bonds maturing on or after March 1. 1995 will be subject to
3/01-9/01
redemption and prepayment in whole or in part in inverse order of
6.00%
maturity at the option of the issuer on March 1, 1994 and any
6.20%
interest payment date thereafter at a price of the principal amount
6.40%
thereof plus accrued interest.
6.60%
6.80%
7.00%
7.10%
7.20%
7.30%
7.40%
7.50%
(A) For the G.O. TI Refunding Bonds of 1987 Series A, the remaining serial payments for the years 1996 - 2002, a total of
$6,550,000, is in an escrow account as a result of the 1991 refunding issue. This escrow account will be used to pay all bonds
maturing on or after March 1, 1995.
150 1
Exhibit 1
Page 1 of 2
Remaining Interest
Original Annual Serial Balance Balance Paid in
Issue Payments 1/1/92 Sold Retired 12/31/92 Current Year
$2,230,000 $ -
2,230,000 0
1,070,000 -
9,090,000
$1,185,000 $ - $275,000 $910,000 $66,590
1,185,000 0 275,000 910,000 66,590
440,000 - 135,000 305,000 34,455
8,565,000 - 640,000 7,925,000 569,485
151
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1992
Interest
Issue Maturity
Rate
Date Date
Tax Increment Bonds (continued)
G.O. Taxable Tax Increment Bonds of 1987
6/1/87 2/1/97
All bonds maturing on or after February 1, 1994 shall be subject to
2/01- 8 /01
redemption and prior payment in whole or in part in inverse order of
8.60%
maturity at the option of the issuer on February 1, 1993 and any
interest payment date thereafter at a price of par plus accrued
8.75%
8.90%
interest.
9.00%
9.10%
9.10%
G.O. Tax Increment CaWtal Ammiation Bonds of 1990
8/23/90 9/l/09
9/01
6.90%
6.95%
7.00%
7.00%
7.10%
7.10%
7.15%
7.15%
G.O. Tax Increment Re an ini: Bonds of 1991
11/21/'91 3/1/02
All bonds maturing on or after March 1, 2000 shall be subject to
3/01-9/01
redemption and prior payment in whole or in part at the option of
4.75%
the issuer on March 1, 1999 and on any day thereafter at a price of
5.00%
par and accrued interest.
5.10%
5.30%
5.50%
5.60%
5.70%
5.80%
Total General Obligation Tax
Increment Bonds
Total Bond Principal Payable - All Funds
152
Exhibit 1
Page 2 of 2
Remaining
Interest
Original
Annual Serial
Balance
Balance
Paid in
Issue
Payments
1/1192
Sold Retired
12/31/92
Current Year
$1,100,000 ,000
$ -
$980,000
$ - $130,000
$850,000
$81,970
2,399,721
-
2,399,721
- -
2,399,721
-
6,670,000
-
6,670,000
- -
6,670,000
264,932
20,329,721
0
19,054,721
0 905,000
18,149,721
950,842
$22,559,721
$0
$20,239,721
$0 $1,180,000
$19,059,721
$1,017,432
153
(1) Payment to North Coast Partners for "pay as you go" payment for 1992 and Anoka County TIF administrative charges
($12,666).
154
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS
Exhibit 2
FOR HOUSING AND REDEVELOPMENT
AUTHORITY TAX
INCREMENT FINANCING DISTRICTS
December 31, 1992
Accounted
Original
Amended
For in
Current
Amount
Budget
Budget
Prior Years
Year ®
Remaining
Sources of Funds:
Bond proceeds
$8,175,000
$21,964,721
$21,928,724
$ -
$35,997
Tax increment received
-
-
8,839,803
1,108,002
(9,947,805)
Interest on invested funds
-
-
2,111,639
344,307
(2,455,946)
Real estate sales
702,630
753,630
1,303,929
-
(550,299)
EDA grant
1,415,000
1,415,000
1,482,000
-
(67,000)
Revenue sharing
-
60,000
-
-
60,000
Land sale
Other
-
7,000
55,000
-
(48,000)
-
340,000
2,411,455
8,742
(2,080,197)
Total sources of funds
10,292,630
24,540,351 1
38,132,550
1,461,051
(15,053,250)
Uses of Funds:
Land acquisition
4,800,000
7,034,000
7,357,742
-
(323,742)
Site improvements or preparation costs
100,000
475,000
164,891
-
310,109
Installation of public
utilities and improvements
325,000
478,800
447,296
-
31,504
Other public improvements
2,500,000
4,250,000
3,486,364
-
763,636
Bond payments
Principal
8,175,000
15,294,721
12,089,289
895,000
2,310,432
Interest
10,031,325
19,248,682
10,248,361
953,342
8,046,979
Administrative costs
566,000
1,008,500
1,303,826
18,123
(313,449)
Other
1,299,000
3,789,399
3,196,035
72,666 (1)
520,698
I
Total rues of funds
27,796 25
,3
51 791
,5 , 02
38,293,804
1,939,131
11,346,167
Funds remaining (or deficient)
($17,503,695) ($27,038,751)
($161,254)
($478,080)
($26,399,417)
(1) Payment to North Coast Partners for "pay as you go" payment for 1992 and Anoka County TIF administrative charges
($12,666).
154
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTE - SOURCES OF FUNDS
FOR HOUSING AND REDEVELOPMENT AUTHORITY
TAX INCREMENT FINANCING DISTRICTS
December 31, 1992
Exhibit 3
Note (1) Sources of Funds
Real Estate Land Sales
Land
Proneril
Sale Amount
Date Total Cost*
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
149,459
8/88
Parkview Villa South Housing
8/90
Totals
$1,293,089
$6,116,914
Note (2) Sources of Funds
Tax Exempt Obligation Issued on Behalf of Private Entities
Development
Amount
Issue Type
Columbia Heights Office Plaza
Commercial Redevelopment
Evenson Properties
$6,000,000
Revenue Bonds Series 1981
Columbia Heights Mall
Commercial Redevelopment
Evenson Properties
4,000,000
Revenue Bonds Series 1981
4111 Building South
Commercial Redevelopment
Ruvelson and Associates
775,000
Revenue Bonds Series 1981
LaBelle Park Condominiums
Commercial Redevelopment
The Gaughan Companies
9,000,000
Revenue Bonds Series 1980
Columbia Park Medical Clinic
Commercial Redevelopment
Columbia Park Properties
5,000,000
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.
155
CH
156
CITY OF COLUMBIA HEIGHTS, MINNESOTA
III.
STATISTICAL
SECTION
157
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUE, TAX CAPACITY, AND
Table 1
ESTIMATED ACTUAL VALUE OF ALL TAXABLE
PROPERTY
(A)
Years 1983 Through 1992
(Unaudited)
Ratio of
Total
Assessed/
Tax
Capacity
Real Property
Personal
Property
Area Wide Allocation (B)
Total
Value
Assessed/
Estimated
Assessed/
Estimated
Assessed/
Estimated
to Total
Fiscal Tax Capacity
Actual
Tax Capacity
Actual
Tax Capacity
Actual
Estimated
Year Value
Value
Value
Value
Contribution
Distribution
Value
Value
Actual Value
1983 $104,783,933
$430,688,578
$1,333,301
$3,100,700
($4,487,006)
$10,544,639
$112,174,867
$433,789,278
25.86%
1984 105,913,390
445,177,400
1,426,869
3,318,300
(5,178,793)
$12,001,080
114,162,546
448,495,700
25.45%
1985 108,671,288
461,786,700
1,426,869
3,414,600
(4,695,234)
13,636,552
119,039,475
465,201,300
25.59%
1986 113,721,411
476,771,500
1,500,988
3 ,511,600
(4,407 ,361)
14,264,696
125,079,734
480,283,100
26.04%
1987 114,767,361
484,669,200
1,547,299
3,619 ,300
(5,778,163)
15,650,911
126,187,408
488,288 ,500
25.84%
1988 116,314,660
507,684,800
1,679,868
3,927,600
(5,180,460)
17,871,259
130,685,327
511,612,400
25.54%
1989 14,532,465
522,002,900
208985
4,017,800
(725 ,395)
2,478,750
16,494,805
526,020,700
3.14%
1990 10,022,891
533,586,700
212,505
4,234,500
(712,924)
2,841,497
12,363,969
537,821,200
2.30%
1991 9,901,542
536,614,500
210,051
4,258,500
(510 ,571)
3,290,306
12,891,328
540,873,000
2.38%
1992 9,226,574
537,840,800
207,309
4,447,000
(609,791)
3,067,799
11,891,891
542,287,800
2.19%
(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 1989 and subsequent years are reported in terns of
tax capacity.
(B) The Metropolitan Fiscal Disparities Act was first implemented for taxes payable in 1975 for the seven Metropolitan counties of Anoka,
Carver, Dakota, Hennepin, Ramsey, Scott, and Washington. Forty percent of the increase in commercial - industrial (including public utility)
valuation in each assessment district since 1971 is contributed to an area -wide tax base. Using the factors of population and real property
market value, a per capita distribution index is calculated This index is employed in determining what proportion of the valuation shall be
distributed back to each assessment district.
158
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX RATES
Years 1983 Through 1992
(Unaudited)
Table 2
Year (A)
City
School
County
Metro
Other (B)
Total
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
0.15722
0.51364
0.25184
0.03360
0.00954
0.96584
1990
0.20275
0.41329
0.26440
0.03470
0.00988
0.92502
1991
0.19040
0.53249
0.28808
0.03395
0.01102
1.05594
1992
0.22956
0.61847
0.30308
0.03928
0.00937
1.19976
(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 1989 and subsequent years are reported in
terms of tax capacity.
(B) Rice Creek Watershed, Mosquito Control, and Housing and Redevelopment Authority.
159
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY TAX LEVY
Table 3
'
Years 1983 Through 1992
(Unaudited)
Fiscal City Levy
General
Police
Fire
Bonds
Year Total
Fund
Relief
Relief
and Interest
'
1983 $1,740,623
$1,453,033
$92,155
$55,435
$140,000
1984 1,757,486
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
1991 3,144,069
2,963,869
98,606
81,594
1992 3,368,595
3,368,595
-
-
_
160
'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX LEVIES AND TAX COLLECTIONS
Years 1983 Through 1992
(Unaudited)
Table 4
* General Fund tax levy has been adjusted by the Homestead and Agricultural Aid (property tax replacement) which is a revenue
from other agencies and has been incorporated into Table 6.
161
Ratio of
Accumulated
Collections
Percentage
Collections
Delinquent
of Current
of Levy
of Prior
Ratio
Taxes to
Years Taxes
Collected
Years Taxes
of Total
Accumulated
Current
Year
Total
During Fiscal
During Fiscal
During Fiscal
Total
Collections
Delinquent
Year
Collected
Tax *
Period
Period
Period
Collections
to Tax Levy
Taxes
Tax Levy
1983
$1,249,602
$1,208,840
96.7%
$26,702
$1,235,542
0.9887:1
$49,644
0.03973:1
1984
1,285,324
1,253,908
97.6%
20,640
1,274,548
0.9916:1
36,290
0.02823:1
1985
1,286,626
1,256,387
97.6%
25,184
1,281,571
0.9961:1
51,764
0.04023:1
1986
1,395,303
1,365,014
97.8%
15,494
1,380,508
0.9894:1
53,140
0.03808:1
1987
1,624,073
1,605,851
98.9%
41,633
1,647,484
1.0144:1
55,101
0.03393:1
1988
1,800,335
1,762,573
97.9%
18,395
1,780,968
0.9892:1
53,374
0.02965:1
1989
1,811,862
1,785,190
98.5%
13,601
1,798,791
0.9928:1
79,005
0.04360:1
1990
2,079,001
2,057,446
99.0%
3,249
2,060,695
0.9912:1
81,891
0.03939:1
1991
2,226,208
2,183,800
98.1%
31,274
2,215,074
0.9950:1
88,809
0.03989:1
1992
2,406,707
2,360,410
98.1%
19,290
2,379,700
0.9888:1
109,305
0.04542:1
* General Fund tax levy has been adjusted by the Homestead and Agricultural Aid (property tax replacement) which is a revenue
from other agencies and has been incorporated into Table 6.
161
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
Table 5
Years 1983 Through 1992
'
(Unaudited)
Deferred Special
Assessments
Current Current Collections
Special
Collected
Balance
Fiscal
Assessments % of
Delinquent
Assessments
During
at End of
,
Year
Due Amount Levy
Collections A)
Delinquent
Fiscal Period
Fiscal Period
1983
$289,011 $153,792 53.2%
$130,298
$152,744
$313,682
$1,048,215
1984
299,680 186,803 62.3%
119,372
154,154
236,474
8571906
1985
236,686 126,780 53.6%
140,515
132,031
92,257
640,691
1986
179,812 99,460 55.3%
118,938
110,886
223,656
697,945
1987
201,700 121,911 60.4%
86,741
108,729
236,510
616,994
1988
* 197,641
'
110,447 55.9%
50,534
149,795
143,565
1,149,826
1989
* 218,860 142,076 64.9%
95,361
97,030
219,588
637,341
1990
* 250,682 180,388 72.0%
74,581
109,928
309,544
591,415
1991
* 252,190 134,588 53.4%
39,016
77,005
210,029
565,432
'
1992
* 224,922 171,708 76.3%
55,385
73,962
54,141
416,229
*
The parking ramp at 4025 Van Buren Street NE was assessed; however, it was not included in this figure.
(A)
The City bills the property owner directly when a special assessment installment becomes dues. If the installment
becomes delinquent, it is certified to the County for
inclusion on the following year's property tax statement and is
shown as a delinquent collection.
162
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' GENERAL GOVERNMENTAL REVENUES BY SOURCE (A)
Table 6
Years 1983 Through 1992
(Unaudited)
' Special
Fiscal Assessments Licenses Inter- Charges for
Fines and
Miscellaneous
'Year Taxes C and Permits governmental Services
Forfeitures
Interest
(D)_
Total
1983 $1,301,329 $ - $156,410 $2,990,623 $664,689
$51,870
$185,501
$272,650
$5,623,072
r1984 1,807,252 - 215,942 2,470,131 706,135
51,009
222,454
93,363
5,566,286
1985 2352,593 - 139,470 2,625,357 289,116
104,741
265,318
81,461
5,858,056
1986 2,275,432 - 187,809 2,978,923 351,897
108,158
369,277
80,057
6,351,553
1987 2,733,934 - 131,351 2,972,407 408,062
123,813
533,564
560,378
7,463,509
1988 2,924,601 - 163,384 3,738,312 516,018
112,254
596,581
1,179,042
9,230,192
1989 2,839,936 736,662 142,365 4,014,920 611,516
128,188
1,229,806
453,820
10,157,213
' 1990 3,215,975 463,410 147,587 4,096,113 661,116
123,505
1,039,625
385,013
10,132,344
1991 3,474,483 277,171 164,945 3,249,669 424,546
116,386
395,986
238,615
8,341,801
1992 3,496,720 147,180 125,275 3,504,973 442,636
104,673
562,475
595,015
8,978,947
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
(B) The years 1983 -1984 include Refuse Collection and Disposal.
(C) Beginning in 1987, the Special Assessment Fund Type was eliminated and special assessment collections were recorded in
the Debt Service Fund Type.
(D) From 1988 to 1990, the Housing and Redevelopment Authority is blended as a component unit of the City. Beginning in
1991, the Housing and Redevelopment Authority is discretely presented
as a separate column.
163
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (A)
Years 1983 Through 1992
(Unaudited)
Table 7
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
(B) The years 1983 -1984 include Refuse Collection and Disposal.
(C) From 1988 to 1990, the Housing and Redevelopment Authority is blended as a component unit of the City. Beginning in
1991, the Housing and Redevelopment Authority is discretely presented as a separate column.
164
Highways
Parks
Fiscal
General
Public
'and
Sanitation
and
Debt
Year
Government
Safety
Streets
�(2)
Recreation
Lim
Service
Other
Total
1983
$546,692
$1,537,897
$515,240
$476,518
$625,030
$265,803
$973,412
$850,006
$5,790,598
1984
563,717
1,654,871
564,101
531,174
753,430
212,379
1,307,737
90,463
5,677,872
1985
850,356
1,799,231
627,733
81,415
788,111
221,821
786,312
291,916
5,446,895
1986
885,343
1,885,654
560,003
75,854
865,369
263,650
1,205,856
208,951
5,950,680
1987
919,991
1,915,895
632,746
80,285
1,001,069
261,583
1,807,407
405,451
7,024,427
1988
1,034,970
2,218,196
563,432
90,760
1,206,281
353,241
1,754,031
1,999,737
9,220,648
1989
1,114,211
2,303,702
785,818
122,304
1,400,850
333,188
2,399,342
1,108,743
9,568,158
1990
1,429,627
2,551,543
762,642
184,627
1,514,853
368,363
2,469,400
1,298,528
10,579,583
1991
1,285,382
2,538,215
891,133
108,108
954,236
390,251
3,950,683
352,510
10,470,518
1992
1,356,795
2,563,788
819,300
176,216
1,044,021
383,933
2,272,802
397,879
9,014,734
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
(B) The years 1983 -1984 include Refuse Collection and Disposal.
(C) From 1988 to 1990, the Housing and Redevelopment Authority is blended as a component unit of the City. Beginning in
1991, the Housing and Redevelopment Authority is discretely presented as a separate column.
164
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
Year Ended December 31, 1992
Name
Mayor and Council
Donald J. Murzyn, Jr.
Gary L. Peterson
Bruce G. Nawrocki
Sean T. Clerkin
Robert W. Ruettimann
Administration
Stuart W. Anderson (retired March 31, 1993)
Patrick Hentges (effective April 1, 1993)
Linda Magee
William Elrite
June Johnston
Phil Suckerman
Gregg Woods
Mark Winson
Dave Mawhorter
Charles Kewatt
Evelyn Nygaard
Dennis Joriman
Donald Jolly
Mark Casey
Rebecca Loader
Table 8
Official Title
Mayor
Councilmember
Councilmember
Councilmember
Councilmember
City Manager
City Manager
Assistant To City Manager
City Clerk- Treasurer, Finance Director
Assistant Finance Director
Liquor Operations Manager
City Attorney
Public Works Director, City Engineer
Chief of Police
Chief of Fire
Building Inspector
Electrical Inspector
Superintendent of Public Works
Recreation Services Director
Librarian
165
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICS
Table 9
December 31, 1992
Page 1 of 2
(Unaudited)
Date of Incorporation
March 14,1898
'
Date of Adoption of City Charter
July 21, 1921
Form of Government
Council- Manager
,
Fiscal Year Begins
January 1
Area of City
3.52 Square Miles
Miles of Streets and Alleys
Trunk Highways
3.0
County
6.2
City Streets
61.8
Alleys
18.9
Miles of Sewers
'
Storm Sewers
33.6
Sanitary Sewers
59.0
watermain Miles
66.1
Building Permits Issued
1983
540
1984
525
1985
508
1986
513
1987
556
1988
535
'
1989
473
1990
486
1991
484
1992
515
Estimated Construction Cost for Issued Permits
1983
$7,829,198
1984
12,059,779
1985
4,938,226
1986
13,269,300
1987
4,215,085
1988
8,916,756
1989
5,180,247
,
1990
5,198,200
1991
4,894,021
1992
2,373,433
166
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICS
December 31, 1992
(Unaudited)
Table 9
Page 2 of 2
Fire Protection
13,580
Number of Stations
I
Number of Employees:
79.38%
Full-time
8
Volunteer
26
Police Protection
2,968
Number of Stations
I
Number of Employees
24
Parks
8,175
City Parks
13
Playgrounds
11
County Park
1
Schools
20,029
Senior High
I
Junior High
1
Elementary
3
Parochial Elementary
I
Employees (as of December 31, 1992)
Regular
107
Part -time and Temporary
427
534
Elections
Registered voters - Last City General Election
13,580
Number of Votes Cast - Last City General Election
10,780
Percentage of Registered Voters Voting
79.38%
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
20,029
1985
19,540
1990 (Census)
18,910
167
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL TAXPAYERS
December 31, 1992
(Unaudited)
Table 10
Source of Data: Anoka County Auditor's Office for collectible 1992 tax levies.
168
% of
Total City
Tax Capacity
Tax Capacity
Taxpayer
Type of Business
Value
Value
Kraus - Anderson, Inc.
Construction
$230,062
2.40%
Zaidan Holdings, Inc.
Office Building
223,900
2.30%
State Bank of Aurora
Office Building
186,300
1.90%
Columbia Park Properties
Medical Building
158,479
1.60%
Maylan Construction Company
Retail (K -Mart)
156,610
1.60%
Medtronics, Inc.
Medical Manufacturing
154,951
1.60%
Consolidated Realty of Minneapolis
Apartments
112,751
1.20%
Northern States Power
Utility
110,060
1.10%
Minnegasco
Utility
97,117
1.00%
Lynde Investment
Apartments
78,398
0.80%
Total Principal Taxpayer
$1,508,628
15.50%
Source of Data: Anoka County Auditor's Office for collectible 1992 tax levies.
168
CITY OF COLUMBIA HEIGHTS, NMW4ESOTA
COMPUTATION OF LEGAL DEBT MARGIN Table 11
December 31, 1992
(Unaudited)
1992/1993 1991/1992
Market Value $542,287,800 $542,920,400
Debt Limit Percentage (Note A) 2% 2%
Debt limit 10,845,756 10,858,408
Amount of Debt applicable to debt limit:
Total bonded debt 19,059,721 20,239,721
Lass: Tax increment bonds 18,149,721 19,154,721
(Note B) Special assessment bonds 910,000 1,085,000
Total amount of debt applicable to debt limit 0 0
Legal debt margin $10,845,756 $10,858,408
Note A M.S.A. Section 47553 (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) Subdivision 4. "Net debt" means the amount remaining after deducting
from its gross debt the amount of current revenues which are applicable within the current fiscal year to the
payment of any debt and the aggregate of the principal of the following:
1. Obligations issued for improvements which are payable wholly or partly from the proceeds of special
assessments levied upon property specially benefited thereby, including those which are general obligations of
the 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.
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.
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.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT (1)
December 31, 1992
(Unaudited)
Table 12
(1) Using 1991 figures, 1992 figures were not available.
170
Amount
Applicable to
Net
Percentage
City of
General
Applicable
Columbia Heights
Obligation Debt
to City
Share of Debt
Direct debt:
City of Columbia Heights
$19,059,721
100.0%
$19,059,721
Overlapping debt: (1)
Anoka County
56,798,344
7.4%
4,203,077
Metropolitan Council
45,795,000
0.5%
228,975
Regional Transit District
437,385
0.6%
2,624
Totals
$122,090,450
$23,494,397
(1) Using 1991 figures, 1992 figures were not available.
170
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
Years 1983 Through 1992
(Unaudited)
Table 13
(1) Estimated assessed (1983 -1987) and tax capacity (1988 -1992) values from Table 1.
(2) Source: Federal Banking Directory
Note: Deposits listed are for Northeast State Bank, Marquette Bank Minneapolis, Norwest Bank, and
First Community Credit Union
(3) Figures for First Community Credit Union are not included for 1989.
171
Property Value (1)
Construction
Fiscal
Number
Bank
Year
Real
Personal
Total
of Units
Value
Deposits (2)
1983
$104,783,933
$1,333,301
$106,117,234
540
$7,829,198
1984
105,913,390
1,426,869
107,340,259
525
12,059,779
1985
108,671,288
1,426,869
110,098,157
508
4,938,226
1986
113,721,411
1,500,988
115,222,399
513
13,269,300
1987
114,767,361
1,547,299
116,314,660
556
4,215,085
1988
116,314,660
1,679,868
117,994,528
535
8,916,756
1989
14,532,465
208,985
14,741,450
473
5,180,247
$7,018,831 (3)
1990
10,022,891
212,505
10,235,396
486
5,198,2A0
10,311,528
1991
9,901,542
210,051
10,111,593
484
4,894,021
9,923,902
1992
9,226,574
207,309
9,433,883
515
2,373,433
Not Available
*
Amount expressed in
thousands.
(1) Estimated assessed (1983 -1987) and tax capacity (1988 -1992) values from Table 1.
(2) Source: Federal Banking Directory
Note: Deposits listed are for Northeast State Bank, Marquette Bank Minneapolis, Norwest Bank, and
First Community Credit Union
(3) Figures for First Community Credit Union are not included for 1989.
171
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CITY OF COLUMBIA HEIGHTS, MPWESOTA
SINGLE AUDIT AND OTHER
REQUIRED REPORTS
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*TA EE, F EDPATH & C®,y L TD.
CERTIFIED PUBLIC ACCOUNTANTS
• •_ 4_ I_ • "•.•1• • r• ' .1 • •
l z. m
To the Honorable Mayor
and Members of the City Council
Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights,
Minnesota, for the year ended December 31, 1992, and have issued our report thereon dated April
6, 1993. These general purpose financial statements are the responsibility of the City of Columbia
Heights, Minnesota'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 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 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. The information in that 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.
TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
April 6, 1993
i
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
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1
1
1
1
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
For The Year Ended December 31, 1992
Federal Funding Source/
Federal
1992
Activitv
Pass Through Agency /
CFDA
Revenue
Program Title
Number
Recognized
Expenditures
City of Columbia Heights:
U.S. Department of Justice:
Passed- through State of Minnesota:
Police Grant
16.579
$13,333
$13,333
Federal Emergency Management Agency:
Passed - through Anoka County:
Emergency Management Assistance Grant
83.503
3,802
3,802
U.S. Department of Transportation:
14.852
3,000
3,000
Passed - through Anoka County:
State and Community Highway
Safety (ATAC) Grant
20.600
2,267
2,267
Housing and Redevelopment Authority of
Columbia Heights:
U.S. Department of Housing and
Urban Development:
Passed - through Anoka County:
Community Development Block Grant -
Entitlement Grant
14.218
177,634
177,634
Direct:
Comprehensive Improvement Assistance
Program (CIAP) - Modernization Grant *
14.852
16,955
16,955
Comprehensive Improvement Assistance
Program (CLAP) - Operating Subsidy
14.852
3,000
3,000
Passed- through Metropolitan Council:
Section 8 Housing Assistance Payments
Program for Administrative Services
14.156
42,743
42,743
Total Federal Assistance
$262,734
$262,734
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*TA f7S, FREDP l TH & CO., LTO.
CERTIFIED PUBLIC ACCOUNTANTS
1
Independent Auditor's Report on Compliance With
General Requirements Applicable to Federal
Financial Assistance Progmms
To the Honorable Mayor
and Members of the City Council
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, 1992, and have issued our report thereon
dated April 6, 1993.
We have applied procedures to test the City of Columbia Heights, Minnesota's compliance with the
following requirements applicable to its federal financial assistance programs, which are identified
in the schedule of Federal Financial Assistance, for the year ended December 31, 1992:
Political Activity Federal Financial Reports
Davis -Bacon Act Allowable Costs/Cost Principles
Civil Rights Drug -free Work Place
Cash Management Administrative Requirements
Relocation Assistance and Real
Property Acquisitions
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, Minnesota's 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, Minnesota had not complied, in all material respects, with those requirements.
This report is intended for the information of the City of Columbia Heights, Minnesota's
management, the federal cognizant audit agency and other federal agencies. However, this report
is a matter of public record and its distribution is not limited
TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
April 6, 1993
Wk
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CITY OF COLUMBIA HEIGHTS, NIINNESOTA
*7TAES, G, ED PA TH & C®., L T®.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditor's Report on Compliance With
Nonmajor Federal Financial Assistance Programs
To the Honorable Mayor
and Members of the City Council
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, 1992, and have issued our report thereon
dated April 6, 1993.
In connection with our audit of the general purpose financial statements of the City of Columbia
Heights, Minnesota, and with our consideration of the City of Columbia Heights, Minnesota's
control structure used to administer federal financial assistance programs, as required by Office of
Management and Budget 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, 1992. As required by OMB Circular A -128, we have performed auditing
' procedures to test compliance with the requirements governing the types of services allowed or
unallowed, eligibility, special reporting requirements, and special tests and provisions 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 of Columbia Heights, Minnesota'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 of Columbia Heights,
Minnesota had not complied, in all material respects, with those requirements.
This report is intended for the information of the City of Columbia Heights, Minnesota's
management, the federal cognizant audit agency and other federal agencies. However, this report
is a matter of public record and its distribution is not limited
Ael
TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
j April 6, 1993
1 181
4810 White Bear Parkway o White Bear Lake, Minnesota 55110 o 612/426 -7000 o FAX /426 -5004 o Member of HLB International
*TA L S, FR' ED PA TH & C0., L TO.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditor's Report on Compliance With
Nonmajor Federal Financial Assistance Programs
To the Honorable Mayor
and Members of the City Council
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, 1992, and have issued our report thereon
dated April 6, 1993.
In connection with our audit of the general purpose financial statements of the City of Columbia
Heights, Minnesota, and with our consideration of the City of Columbia Heights, Minnesota's
control structure used to administer federal financial assistance programs, as required by Office of
Management and Budget 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, 1992. As required by OMB Circular A -128, we have performed auditing
' procedures to test compliance with the requirements governing the types of services allowed or
unallowed, eligibility, special reporting requirements, and special tests and provisions 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 of Columbia Heights, Minnesota'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 of Columbia Heights,
Minnesota had not complied, in all material respects, with those requirements.
This report is intended for the information of the City of Columbia Heights, Minnesota's
management, the federal cognizant audit agency and other federal agencies. However, this report
Iis a matter of public record and its distribution is not limited.
ze,
iTAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
April 6, 1993
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
OTA U TG ES, FREDPATH & C®., LT®.
CERTIFIED PUBLIC ACCOUNTANTS
1 Independent Auditor's &.port on the Internal Control Structure
in Accordance with Government Auditing Standards
To the Honorable Mayor
and Members of the City Council
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, 1992, and have issued our report thereon
dated April 6, 1993.
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.
In planning and performing our audit of the general purpose financial statements of the City of
Columbia Heights, Minnesota, for the year ended December 31, 1992, we considered its 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, Minnesota, is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments
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. Because of
inherent limitations in any internal control structure, errors or irregularities may nevertheless occur
and not be detected Also, projections 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
r.
effectiveness of the design and operation of policies and procedures may deteriorate.
For the purpose of this report, we have classified the significant internal control structure policies
and procedures in the following categories; receivables, cash receipts, billings, accounts payable,
cash disbursements and payroll.
For all of the internal control structure categories listed above, we obtained an understanding of the
design of relevant policies and procedures and whether they have been placed in operation, and we
assessed control risk.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
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 that, in our judgment,
could adversely affect the entity's ability to record, process, summarize, and report financial data
consistent with the assertions of management in the general purpose financial statements.
1 Substantially all accounting procedures of the Housing and Redevelopment Authority are
performed by one person. Ideal conditions call for segregation of duties to establish a system of
internal testing of procedures performed. This condition is common to organizations of this size.
Any modification of internal controls in these areas must be viewed from a cost/benefit perspective.
A material weakness is a reportable condition in which the design or operation of the specific
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 may occur and not be detected within a timely period by employees in the
normal 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.
We also noted other matters involving the internal control structure and its operation that we have
reported to the management of the City of Columbia Heights, Minnesota in a separate report dated
April 26, 1993.
This report is intended for the information of the City of Columbia Heights, Minnesota's
management, the federal cognizant audit agency and other federal agencies. This restriction is not
intended to limit the distribution of this report, which is a matter of public record.
TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
April 6, 1993
185
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:•
CITY OF COLUMBIA HEIGHTS, MINNESOTA
*TA ES, FREDP 1 TH & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
To the Honorable Mayor
and Members of the City Council
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, 1992, and have issued our report thereon
dated April 6, 1993.
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, 1992, we considered the
City's internal control structure in order to determine our auditing procedures for the purpose of
expressing our opinions on the City's general purpose financial statements and to report on the
internal control structure with OMB Circular A -128. This report addresses our consideration of
internal control structure policies and procedures relevant to compliance with requirements
applicable to federal financial assistance programs. We have addressed policies and procedures
relevant to our audit of the general purpose financial statements in a separate report dated April 6,
1993.
The management of the City of Columbia Heights, Minnesota is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments
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, 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 control 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.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
r
For the purpose of this report, we have classified the significant internal control structure policies
and procedures used in administering federal financial assistance programs in the following
categories:
General Requirements:
Political Activity
Davis -Bacon Act
Civil Rights
Cash Management
Relocation Assistance and Real Property
Acquisition
Federal Financial Reports
Allowable Costs /Cost Principles
Drug -fee Work Place
Administrative Requirements
Specific Requirements:
Allowability of Service
Eligibility
Special Reporting Requirements
Special Tests and Provisions
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, 1992, the City of Columbia Heights, Minnesota had no major
federal financial assistance programs and expended 68% of its total federal financial assistance
under the following nonmajor federal financial assistance programs; 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
and general requirements 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
judgment, could adversely affect the City of Columbia Heights, Minnesota's, ability to administer
federal financial assistance programs in accordance with applicable laws and regulations.
Substantially all accounting procedures of the Housing and Redevelopment Authority are
performed by one person. Ideal conditions call for segregation of duties to establish a system of
internal testing of procedures performed. This condition is common to organizations of this size.
Any modification of internal controls in this area must be viewed from a cost/benefit perspective.
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
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 normal course
of performing their assigned functions.
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
Our consideration of the internal control structure policies and procedures used in administering
federal financial assistance 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 considered to be material weaknesses as defined above. However,
we believe that the reportable condition described above is a material weakness.
We also noted other matters involving the internal control structure and its operation that we have
reported to the management of the City of Columbia Heights, Minnesota in a separate report dated
April 26, 1993.
jThis report is intended for the information of the City of Columbia Heights, Minnesota's
management, the federal cognizant audit agency and other federal agencies. This restriction is not
r intended to limit the distribution of this report, which is a matter of public record.
TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
April 6, 1993
191
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
*T.4 TOESy Ri EDPA TH & CO., LTO.
CERTIFIED PUBLIC ACCOUNTANTS
Indelmndent Auditor's m
Based on an Audit of the General EMose
Financial Statements Performed in
Accordance with Government Auditing Standards
To the Honorable Mayor
and Members of the City Council
�i Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights,
Minnesota, for the year ended December 31, 1992, and have issued our report thereon dated April
6, 1993.
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, Minnesota 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. Accordingly, we do not express such an opinion.
The results of our tests indicate that, with respect to the items tested, the City of Columbia Heights,
Minnesota complied, in all material respects, with the provisions referred to in the preceding
paragraph. With respect to the 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 of Columbia Heights, Minnesota's
management, the federal 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
is a matter of public record.
Respectfully submitted,
Zoe
to to �V
TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
April 6, 1993
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CITY OF COLUMBIA HEIGHTS, MINNESOTA