HomeMy WebLinkAbout1994 CAFRCOMPREHENSIVE ANNUAL FINANCIAL REPORT
' OF THE
CITY OF COLUMBIA HEIGHTS
' STATE OF MINNESOTA
FOR THE YEAR ENDED
DECEMBER 31, 1994
Prepared By:
Finance Department
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
I. INTRODUCTORY SECTION
Principal City Officials 3
Organizational Chart 5
Letter of Transmittal 7
Certificate of Achievement for Excellence in Financial Reporting 15
II. FINANCIAL SECTION
Independent Auditor's Report
19
General Purpose Financial Statements
Combined Balance Sheet - All Fund Types and Account Groups and Discretely
Presented Component Unit
Statement 1
22
Combined Statement of Revenues, Expenditures and Changes in
Fund Balance - All Governmental Fund Types and Expendable Trust Funds
and Discretely Presented Component Unit
Statement 2
26
Combined Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual - General and Special Revenue Fund Types
Statement 3
28
Combined Statement of Revenues, Expenses and Changes in
Retained Earnings - Proprietary Fund Types
Statement 4
30
Combined Statement of Cash Flows - all Proprietary Fund Types
Statement 5
31
Notes to Financial Statements
33
mbinini!. Individual Fund and Account Group Financial Statemen
General Fund:
Balance Sheet Statement 6 67
Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Statement 7 68
Schedule of Revenues - Budget and Actual Statement 8 70
Schedule of Expenditures - Budget and Actual Statement 9 71
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Sewer Utility Fund:
Balance Sheet Statement 35 111
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 36 112
Statement of Cash Flows Statement 37 113
Reference
Page Number
Special Revenue Funds:
Combining Balance Sheet
Statement 10
74
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Statement 11
76
Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Municipal State Aid Street Fund
Statement 12
78
Cable Television Fund
Statement 13
79
Paratransit Fund
Statement 14
80
D.A.R.E. Program
Statement 15
81
Library Fund
Statement 16
82
Community Police
Statement 17
83
Project Pride
Statement 18
84
Statement of Revenues, Expenditures and Changes in
Fund Balance:
Housing Mortgage
Statement 19
85
Recreation Contributed Projects
Statement 20
86
Contributed Projects
Statement 21
87
Parking Ramp
Statement 22
88
Confiscated/Forfeited Properties
Statement 23
89
Statement of Revenues, Expenditures and Changes in Fund Balance -
Statement 24
90
Federal Police Grant
Debt Service Funds:
Combining Balance Sheet
Statement 25
93
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Statement 26
94
Capital Project Funds:
Combining Balance Sheet
Statement 27
98
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Statement 28
100
Enterprise Funds:
Combining Balance Sheet
Statement 29
104
Combining Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 30
105
Combining Statement of Cash Flows
Statement 31
106
Water Utility Fund:
Balance Sheet
Statement 32
108
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 33
109
Statement of Cash Flows
Statement 34
110
Sewer Utility Fund:
Balance Sheet Statement 35 111
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 36 112
Statement of Cash Flows Statement 37 113
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
'
Reference
Page Number
Refuse Utility Fund:
Balance Sheet
Statement 38
114
'
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 39
115
Statement of Cash Flows
Statement 40
116
iLiquor Fund:
Balance Sheet
Statement 41
117
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 42
118
Statement of Cash Flows
Statement 43
119
Internal Service Funds:
'
Combining Balance Sheet
Statement 44
122
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings
Statement 45
123
Combining Statement of Cash Flows
Statement 46
124
Central Garage Fund:
Balance Sheet
Statement 47
125
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 48
126
Statement of Cash Flows
Statement 49
127
Energy Management Fund:
Balance Sheet
Statement 50
128
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 51
129
'
Statement of Cash Flows
Statement 52
130
Data Processing Fund:
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 53
131
Statement of Cash Flows
Statement 54
132
Insurance Fund:
Balance Sheet
Statement 55
133
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 56
134
Statement of Cash Flows
Statement 57
135
Trust and Agency Funds:
'
Fiduciary Funds:
Combining Balance Sheet
Statement 58
138
Expendable Trust Funds:
'
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Statement 59
139
Fiduciary Funds:
Combining Statement of Changes in Assets and Liabilities - All Agency Funds
Statement 60
140
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
Housing and Redevelopment Authority Funds:
Combining Balance Sheet Statement 61 142
Combining Statement of Revenues, Expenses and Changes in
Fund Balance - All Governmental Fund Types Statement 62 144
General Fixed Assets Account Group:
Comparative Schedule of General Fixed Assets - By Source Statement 63 146
Schedule of Changes in General Fixed Assets - By Function and Activity Statement 64 147
Schedule of General Fixed Assets - By Function and Activity Statement 65 148
General Long -Term Debt Account Group:
Schedule of General Long -Term Debt Statement 66 150
Schedule of Debt Service Requirements to Maturity Statement 67 151
Supplementary Financial Information
Combining Schedule of Bonds Payable Exhibit 1 154
Schedule of Sources and Uses of Public Funds
For Housing and Redevelopment Authority Tax Increment Financing Districts Exhibit 2 158
Note - Sources of Funds For Housing
and Redevelopment Authority Tax Increment Financing Districts Exhibit 3 159
III. STATISTICAL SECTION
Assessed Value, Tax Capacity, and Estimated
Actual Value of all Taxable Property - 1985 Through 1994
Table 1
162
Tax Rates - Years 1985 Through 1994
Table 2
163
City Tax Levy - Years 1985 Through 1994
Table 3
164
Tax Levies and Tax Collections - Years 1985 Through 1994
Table 4
165
Special Assessment Levies and Collections - Years 1985 Through 1994
Table 5
166
General Governmental Revenues By Source - Years 1985 Through 1994
Table 6
167
General Governmental Expenditures By Function - Years 1985 Through 1994
Table 7
168
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
Principal City Officials Table 8 169
' Miscellaneous Statistics
Table 9
170
' Principal Taxpayers
Table 10
172
Computation of Legal Debt Margin
P g g
Table 11
173
' Computation of Direct and Overlapping Debt
Table 12
174
Property Value, Construction and Bank Deposits - Years 1985 Through 1994
Table 13
175
Ratio of Net General Obligation Bonded Debt to Assessed Value and Net General
Obligation Bonded Debt Per Capita - Years 1985 Through 1994
Table 14
176
Ratio of Annual Debt Service Expenditures For General Obligation Bonded Debt to Total
General Governmental Expenditures - Years 1985 Through 1994
Table 15
177
IV. SINGLE AUDIT AND OTHER REQUIRED REPORTS SECTION
' Independent Auditor's Report on Supplementary Information -
Schedule of Federal Financial Assistance
181
Schedule of Federal Financial Assistance
183
Independent Auditor's Report on Compliance With General Requirements Applicable to Federal
Financial Assistance Programs
185
Independent Auditors Report on Compliance With Specific Requirements Applicable to Major
'
Federal Financial Assistance Programs
187
Independent Auditor's Report on the Compliance with Specific Requirements Applicable to
Federal Financial Assistance Programs
189
'Nonmajor
Independent Auditor's Report on the Internal Control Structure
in Accordance With Government Auditing Standards
191
Independent Auditor's Report on the Internal Control Structure Used in Administering
Federal Financial Assistance Programs
195
Independent Auditor's Report on Compliance in Accordance with Government
Auditing Standards
201
I.
INTRODUCTORY SECTION
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
December 31, 1994
CITY COUNCIL
Joseph Sturdevant, Mayor
Gary L. Peterson Councilmember
Bruce G. Nawrocki Councilmember
Donald G. Jolly Councilmember
Robert W. Ruettimann Councilmember
CITY MANAGER
Patrick Hentges
FINANCE DEPARTMENT
William J. Elrite, Finance Director
June V. Johnston, Assistant Finance Director
Gary Braaten, Accounting Coordinator
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
Commissions & Boards:
Charter
HRA
Police, Fire & Civil
Service
Downtown Development
Insurance
Traffic
Cable Communications
Planning & Zoning
Human Services
Park
Merit
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CITY OF COLUMBIA HEIGHTS
ORGANIZATIONAL CHART
'
Mayor:
Joseph Sturdeoant
Councilmembers:
Donald G. Jolly
Bruce G. Nawrocki
Gary L. Peterson
Council Secretary* I
Robert W. Ruettimann
City Manager:
Patrick Hentges
City Manager's Secretary
'POLICE
(Administered by Mayor)
Asst. to City Manager
Police Chief
Special Projects Coord.
Secretary II
Special Assessments
Clerk- Typist II
Accounting Clerk II
Police Captain
Clerk- Typist II (PT)
Patrol Sergeants (4)
Patrol Officers (16)
Comm. Service Officers
BUILDING INSPECTIONS
(2 FT & 2 PT)
Building Inspector
Sr. Records Technician
Secretat II
Secretary II -A (2)
'
Clerk- Typist II (PT)
FINANCE
Finance Director /City Clerk/Treasurer.
William Elrite
Secretary II (PT)
FIRE
Assistant Finance Director
Fire Chief: Charles Kewatt
Accounting Coordinator
Secretary II (PT)
Payroll/Accounting Clerk
Deputy Fire Chief
Utilities Accounting Clerk H
Firefighters (6)
Utilities Accounting Clerk I
Volunteer Firefighters (24)
Accounting Clerk I
Liquor Accounting Clerk II (2 PT)
Switchboard Operator/Receptionist
Meter Readers (2 PT)
Liquor Operations Manager
LIBRARY
Asst. Operations Managers (2)
Library Director: M. Rebecca Loader
Retail Clerks (28 PT)
Clerk- Typist II (2)
Liquor Store Supervisor (4)
Library Supervisor (5 PT)
Elections
Page (8 PT)
Choreperson (PT)
Adult Service Specialist
PUBLIC WORKS
Children's Librarian
Public Works Director /City Engineer:
Mark Winson
Secretary II -A
Clerk- Typist II
Assistant City Engineer
RECREATION
Engineering Technician IV
Recreation Director: Mark Casey
Engineering Technician III
Clerk- Typist H (2)
Engineering Technician II
Senior Citizen Coordinator
Public Works Superintendent
Recreation Program Coordinator
Foreman (3)
Volunteer Coordinator
Maintenance III (1)
Head Custodian
Maintenance II (8)
Custodian 11 (2 PT)
Maintenance I (7)
Custodian 1 (2 PT)
Foreman - Vehicle Maintenance
Maintenance III - Mechanic
Maintenance III- Bodyman/Painter
Also serves in the capacity of Deputy City Clerk under the Finance Admin. Assistant- Public Works
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Director /City Clerk/Treasurer.
Clerical/Purchasing Clerk
Commissions & Boards:
Charter
HRA
Police, Fire & 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
(612) 782 -2800
April 30, 1995
Mayor
Joseph Sturdevant
Councilmembers
Donald G. Jolly
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, 1994 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. The Housing
and Redevelopment Authority (HRA) is included in the reporting entity as a component unit due to
the fact that the mayor appoints the governing board of the Authority and the City is in a
relationship of financial benefit or burden with the Authority.
, 7
"SERVICE IS OUR BUSINESS" EQUAL OPPORTUNITY EMPLOYER
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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 1994, the City restructured the original development agreements for two significant projects
within the Central Business Tax Increment District. The original agreements resulted in tax
delinquencies, tax litigation and tax rate inequities. This made it difficult to market or lease the
property. The restructuring of the agreements and real estate taxes resulting in a significant amount
of space being leased by the University Minnesota.
The City Council approved a redevelopment plan to improve housing conditions in the Sheffield
neighborhood. The City purchased twenty-six duplex buildings, one single - family home, and one
four -plex building. These purchases, coupled. with a redevelopment plan, served to stabilize
housing deterioration and eliminate the sub - standard dwellings that were the center of controversy
in the neighborhood.
Employment in the City has remained stable. City staff in the newly created Community
Development Department are actively promoting the expansion and creation of new businesses in
the community.
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.
MAJOR INITIATIVES
For the Year
First Choice Homes was selected as the developer to construct eighteen single - family homes on the
4600 block between Pierce and Fillmore Streets. One model home was started in 1994, and the
initial marketing efforts have been positive. Two duplexes have been renovated for future rental
opportunities.
With the help of a federal grant, three new police officers were added to the authorized staffing
strength of the police department. The added staffing enables the City to intensify its Community
Oriented Policing efforts. It is hoped that the problem - solving techniques of the Community
Oriented Policing philosophy will provide the citizens and neighborhoods with a more direct access
to crime prevention services.
For the Futur
The Park and Recreations Board developed a long -range plan to improve park and leisure service
facilities throughout the City. Significant park upgrades including playground improvements at
Edgemoor and Hilltop Parks. The approved 1995 budget will bring further playground upgrades
and other needed improvements to the City's neighborhood parks.
The City will continue redevelopment of the Sheffield neighborhood with the building of entry
level single - family homes.
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�- •. - •
Each year the City focuses attention on the efforts and accomplishments of a selected department.
This year the finance department has been selected.
The finance department is responsible for all accounting, budgeting and financial services for the
City and the Housing and Redevelopment Authority; City clerk and election functions; and data
processing throughout the City. Liquor operations also fall under the direction of the finance
director. The finance department employs twelve full and part-time employees to handle these
functions.
In the accounting area, the finance department handles utility billing for 6100 accounts (billing
water and sewer usage and refuse); payroll for 100 full-time and 200 -400 part-time and seasonal
employees; accounts payable and receivable; cash receipting; liquor and HRA accounting services;
and budgeting and financial reporting.
Finance department employees are required to cover other functions of election and data processing
enabling the City to save money in those areas. Finance personnel are dedicated and hardworking
and are to be commended for their efforts.
Financial Information
Management of the City of Columbia Heights is responsible for establishing and maintaining an
internal control structure designed to ensure that the assets of the City are protected from loss, theft
or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of
financial statements in conformity with generally accepted accounting principles. The internal
control structure is designed to provide reasonable, but not absolute, assurance that these
objectives are met. The concept of reasonable assurance recognizes that: 1) the cost of a control
should not exceed the benefits likely to be derived; and 2) the valuation of costs and benefits
requires estimates and judgments by management.
In addition, the government maintains extensive budgetary controls. The objective of these
controls is to ensure compliance with legal provisions embodied in the annual appropriated budget
approved by the City Council. Activities of the general fund and certain special revenue funds are
included in the annual appropriated budget. The level of budgetary control, the level at which
expenditures cannot legally exceed the appropriated amount, is at the fund level.
As demonstrated by the statements and schedules included in the financial section of this report, the
City continues to meet its responsibility for sound financial management.
10
General Government Functions
Revenues for City general government functions (General, Special Revenue, Debt Service and
Capital Project Funds) during 1994 totaled $10,350,690, which is an increase of 8.1% from 1993.
Property taxes received for the City produced 35% of general revenues compared to 38% last year.
The amount of revenues from various sources and their changes from last year are shown below:
Revenue Source
Amount
of Increase
Percent (Decease)
Amount of Total from 1993
Taxes
$3,674,463
35%
$81,219
Special assessments
889,362
9%
536,881
Licenses and permits
165,696
2%
30,151
Intergovemmental
3,702,419
36%
(80,333)
Charges for services
4.47,409
4%
(17,478)
Fines and forfeitures
87,225
1%
(2,239)
Interest
604,754
6%
(411,001)
Other revenue
779,362
8%
634,345
Total revenues
$10,350,690
100%
$771,545
The increase in special assessments was due to early payment of deferred assessments by
Columbia Park Clinic. Interest revenues were down due to lower interest rates. Other revenues
were up due to the completion and closing of major capital projects.
The expenditures for City general government functions for 1994 totaled $9,962,445, a decrease
of 8.7% from 1993. The total expenditures for major City functions and their changes from last
year are shown below:
Expenditure Function Amount
Amount
of Increase
Percent (Decrease)
of Total from 1993
General government
$1,352,543
14%
($89,060)
Public safety
2,576,987
26%
(102,285)
Public works
841,861
8%
34,871
Sanitation
100,111
1%
(48,943)
Parks and recreation
1,037,181
10%
(3,278)
Library
395,821
4%
21,196
Other & contingencies
243,400
2%
(70,138)
Capital outlay
1,725,745
17%
585,953
Debt service
1,688,796
17%
(1,274,897)
Total expenditures
$9,962,445
100%
($946,581)
The increase in capital outlay was due to continued purchases in the Sheffield neighborhood.
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General Fund Balance
The fund balance of the General Fund increased by $262,469 or 8.2 %. The total fund balance of
$3,444,408 indicates a strong financial position. It should be pointed out, however, that this
represents working capital for general operations, which is used extensively during the first seven
months of the year until current taxes and state aids are received.
Enterprise Operations
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 $5,517,257 in 1994. This
resulted in a total net operating income of $253,735.
Water and Refuse Utilities experienced operating income increases during 1994. The Sewer Utility
Fund experienced a loss of $93,082. The Water Utility Fund experienced an operating income of
$175,179 during the year, and the Refuse Utility experienced an operating income of $183,194
during 1994.
During the year, the City Council designated funds from the Sewer and Water Utilities for capital
equipment replacement and construction.
Internal Service Funds
The City maintains four Internal Service Funds - the Central Garage Fund, the Energy
Management Fund, the Data Processing 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 1994, the Central Garage Fund had a net income of
$31,904.
The Energy Management Fund was established to account for energy maintenance and
improvement in City buildings under a seven -year energy savings contract with Honeywell, Inc.
The Data Processing Fund was established to account for management information system costs
throughout the City.
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.
Trust and Agency Funds
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, flex benefits and police /fire contingencies.
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' Cash Management
j 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 4.13 %.
' 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.
1 Debt Administration
' At December 31, 1994, the City has a number of debt issues outstanding. These issues included
$9,679,721 of General Obligation Tax Increment Bonds. The City issued $6,670,000 in General
Obligation Tax Increment Refunding Bonds in 1991 to refund the Tax Increment Refunding Bonds
1 of 1987. Bond proceeds were placed in an escrow account until the call date, March 1, 1994.
Risk Mana eg ment
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. There were no significant claims pending at year end for the City.
OTHER INFORMATION
Independent Audit
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.
Awards
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, 1993. 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.
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Acknowled ments
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,
William J. Elrite
Finance Director
U, c
June V. Johnston
Assistant Finance Director
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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, 1993
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.
' L:I FjC�, " L 9J y iII0
President
Executive Director
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
II.
FINANCIAL SECTION
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
TrA UTGES, RE®PA TH & CO. L i®.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT
To the Honorable Mayor and
Members of the City Council
City of Columbia Heights, Minnesota
We have audited the accompanying general purpose financial statements of the City of Columbia Heights,
Minnesota, as of and for the year ended December 31, 1994 as listed in the table of contents. These general purpose
financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on
these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the general purpose financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
general purpose financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall general purpose financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
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, 1994, and the results of its
operations and 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 listed in the table of contents are presented for purposes of additional analysis and are not a required part
of the general purpose financial statements 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 presented in all material
respects in relation to the general purpose financial statements taken as a whole.
March 17, 1995
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TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
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4810 White Bear Parkway o White Bear Lake, Minnesota 55110 o 612/426 -7000 o FAX /426 -5004 e Member of HLB International
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
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.
21
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET -
ALL FUND TYPES AND ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT
December 31, 1994
With Primary Government Comparative Totals For December 31, 1993
Assets
Cash and 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
Due from developer
Prepayments
Assets held by deferred compensation trustees
Inventory, at cost
Real estate held for resale
Fixed assets, net of accumulated depreciation
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
$3,781,003 $1,746,879 $2,358,793 $5,495,142 $9,920,772 $2,095,808
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
$3,510,576
$793,560
$2,032,664
$4,605,478
$3,404,939
$1,144,354
6,464
17,303
-
2,545
763,696
732
-
-
-
366,547
-
-
100,380
-
316,901
-
-
-
20,482
3,794
9,228
34,710
27,730
8,193
-
-
-
10,530
-
-
45,807
77,715
-
13,611
178,111
-
79,609
854,379
-
-
1,022,031
-
4,421
-
-
10,421
-
-
13,264
128
-
2,300
58,031
34,850
-
-
-
-
609,498
82,124
-
-
-
449,000
-
-
-
-
-
-
3,856,736
825,555
$3,781,003 $1,746,879 $2,358,793 $5,495,142 $9,920,772 $2,095,808
22 The accompanying notes are an integral part of these financial statements.
Statement 1
Page 1 of 2
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
1994
1993
Authority
1994
$548,648
$ - $ -
$16,040,219
$14,168,680
$445,193
$16,485,412
-
- -
-
6,964,839
-
-
' -
- -
790,740
854,166
607
791,347
-
- -
366,547
954,071
-
366,547
-
-
417,281
927,387
2,348
419,629
1,883
=
106,020
59,861
662
106,682
-
- -
10,530
-
304,587
315,117
315,244
434,163
150,023
465,267
1,956,019
856,376
211,210
2,167,229
-
- -
-
-
1,430
1,430
14,842
7,648
-
14,842
65,000
65,000
-
- -
108,573
28,509
7,085
115,658
1,860,493
- -
1,860,493
1,523,237
185,447
2,045,940
' -
- -
691,622
659,691
-
691,622
-
- -
449,000
220,000
21,114
470,114
-
12,997,734 -
17,680,025
17,549,643
5,253,888
22,933,913
' -
- 1,171,524
1,171,524
7,922,087
-
1,171,524
' -
- 9,276,169
9,276,169
9,844,318
-
9,276,169
-
- 373,270
373,270
362,043
10,403
383,673
1 -
- 14,463
14,463
15,228
-
14,463
$2,411,024
1
$12,997,734 $10,835,426
$51,642,581
$63,351,947
$6,658,997
$58,301,578
'
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 AND DISCRETELY PRESENTED COMPONENT UNIT
December 31, 1994
With Primary Government Comparative Totals For December 31, 1993
Liabilities, Equity and Other Credits
Liabilities:
Accounts payable
Accrued salaries and withholdings payable
Contracts payable - retained percentage
Notes payable
Capital lease payable
Deferred compensation payable
Due to other governmental units
Due to other funds
Due to primary government
Due to component unit
Deferred revenue
Bonds payable
Accrued interest payable
Accreted interest payable
Deposits
Insurance and taxes in escrow
Compensated absences payable
Other liabilities
Total liabilities
Equity and other credits:
Contributed capital
Investment in general fixed assets
Retained earnings:
Reserved
Unreserved
Fund balance (deficit):
Reserved
Unreserved:
Designated
Undesignated
Total equity and other credits
Proprietary
Governmental Fund Types Fund Types
Special Debt Capital Internal
General Revenue Service Project Enterprise Service
$37,413
$15,279
$ -
$9,982
$326,585
$25,331
115,793
8,743
-
2,139
79,277
17,342
-
8,798
-
1,771
5,577
-
-
-
-
72,000
-
-
-
-
-
-
-
580,577
76,888
-
15,989
1,211
163,931
-
-
-
854,379
1,101,640
-
-
1,430
-
-
-
-
-
105,071
-
316,901
365,199
-
-
-
-
-
-
-
3,591
-
180
-
119
-
-
336,595
33,000
1,187,269
1,554,061
575,370
626,841
- - 1,433,421 188,849
2,736,803 983,823
- - - - 5,175,178 296,295 ,
13,264 453,606 - 451,300 - -
3,431,144 6,376 1,171,524 116,234 - -
- 1,253,897 - 3,373,547 - -
3,444,408 1,713,879 1,171,524 3,941,081 9,345,402 1,468,967
Total liabilities, equity and other credits $3,781,003 $1,746,879 $2,358,793 $5,495,142 $9,920,772 $2,095,808
24 The accompanying notes are an integral part of these financial statements. I
Statement 1
Page 2 of 2
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 1994 1993 Authority 1994
$3,987
$ -
$ -
$418,577
$419,478
$56,667
$475,244
-
-
-
223,294
200,202
2,832
226,126
-
-
-
16,146
82,721
-
16,146
-
-
14,463
86,463
15,228
-
86,463
-
-
-
580,577
671,568
-
580,577
1,860,493
-
-
1,860,493
1,523,237
185,447
2,045,940
-
-
-
258,019
71,060
35,830
293,849
-
-
-
1,956,019
856,376
211,210
2,167,229
_
-
14,842
14,842
-
-
-
1,430
3,510
-
1,430
-
-
-
787,171
1,875,185
371,059
1,158,230
-
-
9,679,721
9,679,721
17,209,721
-
9,679,721
-
-
-
3,591
6,527
-
3,591
-
-
767,972
767,972
556,684
-
767,972
8,412
-
-
8,711
5,922
13,394
22,105
_
_
_
_
-
4,275
4,275
` -
-
373,270
373,270
362,043
10,403
383,673
469
-
-
469
754
-
469
1,873,361
0
10,835,426
17,021,923
23,860,216
905,959
17,927,882
-
-
-
1,622,270
1,687,499
-
1,622,270
-
12,997,734
-
12,997,734
12,604,118
5,253,888
18,251,622
-
-
-
3,720,626
3,457,205
-
3,720,626
-
-
-
5,471,473
5,335,851
-
5,471,473
-
-
-
918,170
456,503
204,362
1,122,532
532,248
-
-
5,257,526
11,308,243
293,541
5,551,067
5,415
-
-
4,632,859
4,642,312
1,247
4,634,106
537,663
12,997,734
0
34,620,658
39,491,731
5,753,038
40,373,696
$2,411,024
$12,997,734
$10,835,426
$51,642,581
$63,351,947
$6,658,997
$58,301,578
The 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
AND DISCRETELY PRESENTED COMPONENT UNIT
For The Year Ended December 31, 1994
With Primary Government Comparative Totals For The Year Ended December 31, 1993
Other financing sources (uses):
Bond proceeds - -
Payment of refunded bonds - -
Operating transfers in 450,545 153,223
Operating transfers (out) (579,974 ) (475,611)
Total other financing sources (uses) (129,429) (322,388)
Net increase (decrease) in fund balance 262,469 420,071
Fund balance - January 1 3,181,939 1,293,808
Fund balance - December 31 $3,444,408 $1,713,879
I
26 The accompanying notes are an integral part of these financial statements. I
Governmental Fund Types
Special
Revenues:
General
Revenue
Taxes
$2,168,081
$390,348
Special assessments
-
586,129
Licenses and permits
165,696
-
Intergovernmental
3,268,867
433,552
Charges for services
348,160
99,249
Fines and forfeits
87,225
-
Interest
127,048
29,815
Other revenues
66,613
87,996
Total revenues
6,231,690
1,627,089
Expenditures:
Current:
General government
1,352,543
-
Public safety
2,576,987
-
Public works
841,861
-
Sanitation
100,111
-
Parks and recreation
966,561
67,710
Library
-
392,160
Other
-
241,671
Contingencies
1,729
-
Capital outlay
-
183,089
Debt service
-
-
Total expenditures
5,839,792
884,630
Revenues over (under) expenditures
391,898
742,459
Other financing sources (uses):
Bond proceeds - -
Payment of refunded bonds - -
Operating transfers in 450,545 153,223
Operating transfers (out) (579,974 ) (475,611)
Total other financing sources (uses) (129,429) (322,388)
Net increase (decrease) in fund balance 262,469 420,071
Fund balance - January 1 3,181,939 1,293,808
Fund balance - December 31 $3,444,408 $1,713,879
I
26 The accompanying notes are an integral part of these financial statements. I
Statement 2
-
-
-
1,352,543
1,441,603
-
Totals
-
-
-
2,576,987
2,679,272
Component
(Memorandum
-
-
Fiduciary
841,861
806,990
Unit
Only)
-
-
Fund Type
Totals (Memorandum Only)
Housing and
Reporting
Debt
Capital
Expendable
Primary
Government
Redevelopment
Entity
Service
Project
Trust
1994
1993
Authority
1994
$1,116,034
$ -
$ -
$3,674,463
$3,593,244
$58,232
$3,732,695
-
303,233
-
889,362
352,481
-
889,362
-
-
-
165,696
135,545
-
165,696
-
-
-
3,702,419
3,782,752
600,128
4,302,547
-
-
32,198
479,607
492,597
383,204
862,811
-
-
-
87,225
89,464
-
87,225
232,588
215,303
11,680
616,434
1,024,555
14,902
631,336
104,611
520,142
7,818
787,180
150,734
86,710
873,890
1,453,233
1,038,678
51,696
10,402,386
9,621,372
1,143,176
11,545,562
-
-
-
1,352,543
1,441,603
-
1,352,543
-
-
-
2,576,987
2,679,272
-
2,576,987
-
-
-
841,861
806,990
-
841,861
-
-
-
100,111
149,054
-
100,111
-
-
-
1,034,271
1,040,459
-
1,034,271
-
-
-
392,160
374,625
-
392,160
-
-
35,535
277,206
343,628
1,233,865
1,511,071
-
-
-
1,729
268
-
1,729
-
1,549,227
-
1,732,316
1,139,792
-
1,732,316
1,688,796
-
-
1,688,796
2,963,693
-
1,688,796
1,688,796
1,549,227
35,535
9,997,980
10,939,384
1,233,865
11,231,845
(235,563)
(510,549)
16,161
404,406
(1,318,012)
(90,689)
313,717
-
-
-
-
730,073
-
-
(6,515,000)
-
-
(6,515,000)
(710,000)
-
(6,515,000)
7,999,684
711,914
312,003
9,627,369
3,010,474
-
9,627,369
(7,999,684)
(60,009)
-
(9,115,278)
(2,677,269)
-
(9,115,278)
(6,515,000)
651,905
312,003
(6,002,909)
353,278
0
(6,002,909)
(6,750,563)
141,356
328,164
(5,598,503)
(964,734)
(90,689)
(5,689,192)
7,922,087
3,799,725
209,499
16,407,058
17,371,792
589,839
16,996,897
$1,171,524
$3,941,081
$537,663
$10,808,555
$16,407,058
$499,150
$11,307,705
The accompanying notes are an integral part of these financial statements. 27
Other financing sources (uses):
Operating transfers in
392,031
450,545
58,514
Operating transfers (out)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
(579,974)
(297,626)
Total other financing sources (uses)
109,683
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
(239,112)
Net increase (decrease) in fund balance
($156,736)
262,469
$419,205
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL AND SPECIAL REVENUE FUND TYPES
For The Year Ended December 31, 1994
With Comparative Actual Totals For The Year Ended December 31, 1993
General
Over
(under)
Budget
Actual
Budget
Revenues:
Taxes
$2,200,351
$2,168,081
($32,270)
Licenses and permits
140,450
165,696
25,246
Intergovernmental
3,238,577
3,268,867
30,290
Charges for services
409,269
348,160
(61,109)
Fines and forfeits
100,150
87,225
(12,925)
Interest
Other revenues
120,000
25,250
127,048
66,613
7,048
41,363
Total revenues
6,234,047
6,231,690
Expenditures:
Current:
General government
1,492,717
1,352,543
(140,174)
Public safety
2,801,542
2,576,987
(224,555)
Public works
979,058
841,861
(137,197)
Sanitation
165,597
100,111
(65,486)
Parks and recreation
1,061,552
966,561
(94,991)
Library
-
-
'
Other
-
-
-
Contingencies
-
1,729
1,729
Total current expenditures
6,500,466
5,839,792
(660,674)
Capital outlay
-
-
'
Total expenditures
6,500,466
5,839,792
(660,674)
Revenues over (under) expenditures
(266,419)
391,898
658,317
Other financing sources (uses):
Operating transfers in
392,031
450,545
58,514
Operating transfers (out)
(282,348)
(579,974)
(297,626)
Total other financing sources (uses)
109,683
(129,429)
(239,112)
Net increase (decrease) in fund balance
($156,736)
262,469
$419,205
Fund balance - January 1 3,181,939
Residual equity transfers -
Fund balance - December 31 $3,444,408
28 The accompanying notes are an integral part of these financial statements.
11,
ITotals (Memorandum Only)
_ Special Revenue 1994
Over
(under)
Budget Actual Budget Budget
Statement 3
Over
(under) 1993
Actual Budget Actual
482,581
$492,879
3,664,520
$3,937,287
3,195,460
86,598
$3,667,555
IThe accompanying notes are an integral part of these financial statements. 29
$390,348
$390,348
$ -
$2,590,699
$2,558,429
($32,270)
$2,439,334
_
_
-
140,450
165,696
25,246
135,545
560,717
112,695
423,032
99,249
(137,685)
(13,446)
3,799,294
521,964
3,691,899
447,409
(107,395)
(74,555)
3,742,752
458,221
-
-
-
100,150
87,225
(12,925)
89,464
10,250
18,347
8,097
130,250
145,395
15,145
207,084
11,200
15,458
4,258
36,450
82,071
45,621
29,555
1,085,210
946,434
(138,776)
7,319,257
7,178,124
(141,133)
7,101,955
-
-
-
1,492,717
1,352,543
(140,174)
1,441,603
-
-
2,801,542
2,576,987
(224,555)
2,679,272
=
979,058
841,861
(137,197)
806,990
-
-
-
165,597
100,111
(65,486)
149,054
959
300
(659)
1,062,511
966,861
(95,650)
977,911
407,318
392,160
(15,158)
407,318
392,160
(15,158)
374,625
333,651
205,735
(127,916)
333,651
205,735
(127,916)
236,210
_
_
_
-
1,729
1,729
268
741,928
598,195
(143,733)
7,242,394
6,437,987
(804,407)
6,665,933
368,533
179,930
(188,603)
368,533
179,930
(188,603)
178,947
1,110,461
778,125
(332,336)
7,610,927
6,617,917
(993,010)
6,844,880
(25,251)
168,309
193,560
(291,670)
560,207
851,877
257,075
i
17,600
17,600
-
409,631
468,145
58,514
432,051
(62,180)
(175,611)
(113,431)
(344,528)
(755,585)
(411,057)
(303,629)
(44,580)
(158,011)
(113,431)
65,103
(287,440)
(352,543)
128,422
($69,831)
10,298
$80,129
($226,567)
272,767
$499,334
385,497
482,581
$492,879
3,664,520
$3,937,287
3,195,460
86,598
$3,667,555
IThe accompanying notes are an integral part of these financial statements. 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, 1994
With Comparative Totals For The Year Ended December 31, 1993
Internal Totals
Enterprise Service (Memorandum Only)
Funds Funds 1994 1993
Operating revenues:
Charges for services
$2,359,193
$618,677
$2,977,870
$3,071,352
Charges for sales
6,599,637
49,169
6,648,806
6,325,944
Total operating revenues
8,958,830
667,846
9,626,676
9,397,296
Operating expenses:
Costs of sales, services, and goods sold
6,890,781
457,072
7,347,853
7,093,113
Operating expense
1,301,273
17,901
1,319,174
1,536,340
Depreciation
247,750
130,431
378,181
390,333
Total operating expenses
8,439,804
605,404
9,045,208
9,019,786
Net income from operations
519,026
62,442
581,468
377,510
Nonoperating revenues (expenses):
Interest income
211,456
50,824
262,280
363,729
Intergovernmental
46,983
-
46,983
40,992
Miscellaneous revenues
7,081
3,839
10,920
110,618
Interest expense
-
(28,936)
(28,936)
(35,967)
Miscellaneous expenses
(26,810)
-
(26,810)
(15,201)
Total nonoperating revenues (expenses)
238,710
25,727
264,437
464,171
Net income before operating transfers
757,736
88,169
845,905
841,681
Operating transfers:
Operating transfers in
149,621
146,548
296,169
263,410
Operating transfers (out)
(777,155)
(31,105)
(808,260)
(596,615)
Total operating transfers
(627,534)
115,443
(512,091)
(333,205)
Net income
130,202
203,612
333,814
508,476
Credit for depreciation on contributed assets
65,229
-
65,229
65,229
Net increase in retained earnings
195,431
203,612
399,043
573,705
Retained earnings - January 1
7,716,550
1,076,506
8,793,056
8,081,089
Prior period adjustment
-
-
-
138,262
Retained earnings - December 31
$7,911,981
$1,280,118
$9,192,099
$8,793,056
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, 1994
With Comparative Totals For The Year Ended December 31, 1993
Statement 5
Cash flows from noncapital financing activities:
Operating transfers in from other funds 149,621 146,548 296,169 263,410
Operating transfers (out) to other funds (777,155) (31,105) (808,260) (596,615)
Net cash flows from noncapital financing activities (627,534) 115,443 (512,091) (333,205)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(90,858)
Internal
Totals
(1,142,638)
Enterprise
Service
(Memorandum Only)
(28,936)
Funds
Funds
1994
1993
Cash flows from operating activities:
(1,178,605)
Cash flows from investing activities:
Cash received from customers
$8,839,644
$669,866
$9,509,510
$8,588,466
Cash paid to suppliers for goods and services
(7,454,452)
(467,583)
(7,922,035)
(7,027,052)
Cash payments to employees for services
(727,279)
(106,744)
(834,023)
(833,018)
Miscellaneous revenues
54,712
3,839
58,551
110,618
Miscellaneous expenses
(26,810)
-
(26,810)
(15,201)
Net cash flows from operating activities
685,815
99,378
785,193
823,813
Cash flows from noncapital financing activities:
Operating transfers in from other funds 149,621 146,548 296,169 263,410
Operating transfers (out) to other funds (777,155) (31,105) (808,260) (596,615)
Net cash flows from noncapital financing activities (627,534) 115,443 (512,091) (333,205)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(90,858)
(24,737)
(115,595)
(1,142,638)
Interest expense
-
(28,936)
(28,936)
(35,967)
Net cash flows from capital and related financing activities
(90,858)
(53,673)
(144,531)
(1,178,605)
Cash flows from investing activities:
Proceeds from sale and maturity of investments
-
-
-
3,080,024
Interest earned on investments
167,615
45,722
213,337
363,729
Net cash flows from investing activities
167,615
45,722
213,337
3,443,753
Net increase in cash and cash equivalents
135,038
206,870
341,908
2,755,756
Cash and cash equivalents - January 1
3,269,901
937,484
4,207,385
1,451,629
Cash and cash equivalents - December 31
$3,404,939
$1,144,354
$4,549,293
$4,207,385
Reconciliation of operating income to net
cash provided (used) by operating activities:
Operating income
$519,026
$62,442
$581,468
$418,502
Adjustments to reconcile operating income to net cash provided
(used) by operating activities:
Miscellaneous revenues
54,712
3,839
58,551
110,618
Miscellaneous expenses
(26,810)
-
(26,810)
(15,201)
Depreciation expense
247,750
130,431
378,181
390,333
Changes in assets and liabilities:
(Increase) decrease accounts receivable
47,775
2,020
49,795
(19,669)
(Increase) decrease due from other governmental units
114,039
-
114,039
(123,153)
(Increase) decrease due from other funds
(281,000)
(281,000)
(707,000)
(Increase) decrease inventory, at cost
(30,003)
(1,928)
(31,931)
(167,040)
(Increase) decrease prepayments
(57,846)
(16,677)
(74,523)
103,551
Increase (decrease) accounts payable
(17,141)
14,123
(3,018)
143,973
Increase (decrease) accrued salaries and withholdings payable
17,498
-
17,498
(3,473)
Increase (decrease) due to other governmental units
97,815
1,807
99,622
11,525
Increase (decrease) capital lease payable
-
(90,991)
(90,991)
671,568
Increase (decrease) accrued interest payable
(2,936)
(2,936)
6,527
Increase (decrease) deferred revenue
-
(2,752)
(2,752)
2,752
Total adjustments
166,789
36,936
203,725
405,311
Net cash flows from operating activities
$685,815
$99,378
$785,193
$823,813
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, 1994
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
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
As required by generally accepted accounting principles, the financial statements of the reporting entity
include those of the City of Columbia Heights, Minnesota (the primary government) and its
component units. The component unit discussed below is included in the City's reporting entity
because of the significance of their operational or financial relationships with the City.
The Housing and Redevelopment Authority (HRA) is considered a component unit of the City because
the mayor appoints the members of governing authority and because the City is in a relationship of
financial benefit or burden with the HRA.
The financial position and results of operations of the 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_ FUND TYPES
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.
33
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
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.
Capital Project 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 FUND 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 Group - This account group is used to account for all of the City's
long -term obligations, other than those liabilities of Proprietary Fund Types.
C. BASIS OF ACCOUNTING
Basis of accounting refers to the time at which revenues and expenditures are recognized in the accounts
and reported in the financial statements, regardless of the measurement focus applied.
All Governmental, Agency and Expendable Trust 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.
01
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' NOTES TO FINANCIAL STATEMENTS
December 31, 1994
I
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 Governmental Accounting Standards Board (GASB)
Statement #20, Accounting and Financial Reporting for Proprietary Funds and Other Governmental
Entities that Use Proprietary Funds provides proprietary activities with a choice of authoritative
guidance issued after November 30, 1989. The City of Columbia Heights has elected to follow GASB
pronouncements exclusively after that date.
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 and certain Special
Revenue 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 in appropriations:
General Fund $25,909
Special Revenue Funds:
1 Cable TV 178
Library 191
ITotals $26,278
35
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
The City did not budget for all Special 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 3l, Total Total Sources December 3l,
Fund 1993 Revenues Expenditures (Uses) 1994
Special Revenue Funds:
Budgeted funds
Unbudgeted funds:
Housing Mortgage
Recreation Contributed Projects
Contributed Projects
Parking Ramp
Confiscated property
Federal Police Grant
$482,581 $946,434 $778,125 ($158,011) $492,879
459,135
7,126
-
- 466,261
19,287
55,647
70,320
- 4,614
17,804
16,344
9,549
- 24,599
312,661
590,471
-
(300,000) 603,132
2,340
547
265
- 2,622
-
10,520
26,371
135,623 119,772
Total Special Revenue Funds $1.293,808 $1.627.089 $884.630 ($322388) $1,713,879
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.
dial 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).
Inventories - Inventories are valued at cost, which approximates market, using the first -in, first -out
basis.
Real Estate Held for Resale - Real estate is valued at the lower of cost or market.
Fixed Assets:
General Fixed Assets Account Group - All purchased fixed assets are valued at historical cost or
estimated historical cost. The costs of property, plant, and equipment are accounted for as current
expenditures of the Governmental Fund Types in the year purchased. The City has elected not to record
infrastructure fixed assets in its account records.
No depreciation has been provided on general fixed assets.
36
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Proprietary Fund Tvnes - 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 -Term 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 EQUITY
Contributed capital is recorded in Proprietary Funds that have received capital grants or contributions
from developers, customers, or other funds.
Fund balance accounts are subdivided:
Reserved fund balance accounts indicate that portion of fund equity which has been legally segregated
for specific purposes or is not appropriable for expenditures.
Unreserved designated fund balance accounts indicate that portion of fund equity that the City has set
aside for planned future projects.
Unreserved undesignated fund balance accounts indicate that portion of fund equity which is available
for budgeting and expending in future periods.
REVENUES
Property Taxes - Property tax levies are set by the City Council and certified to Anoka County in
December (levy /assessment date) 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.
37
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Property taxes are payable in equal installments by property owners to the County as follows:
Personal Property - February 28 and June 30
Real Property - May 15 and October 15
The County remits the collections to the City and other taxing districts four times a year, on or before
January 25, April 19, July 5, and December 4.
Unpaid taxes at December 31 become delinquent and are classified in the financial statements as
delinquent taxes receivable.
Property taxes are recognized as revenue to the extent collected in the current period. Portions paid by
the State in the form of State paid tax credits are included in 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 cash
flow 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.
MWILIT& � 7:UY ►,A-=17N1I:1
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. All of the Proprietary Funds'
equity in the City -wide cash and investment management pool is considered to be cash equivalents.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
2 DEPOSITS AND INVESTMENT
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, 1994, including checking accounts, savings accounts, and certificates of deposit are as
follows:
City
HRA
Total
Bank balance $1,134,713
$466,837
$1,601,550
Carrying amount $813,898
$445,118
$1,259,016
At December 31, 1994, 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.
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, its instrumentalities, or organizations created by an
act of congress, excluding mortgage - backed securities defined as high risk; shares of investment companies
registered under the Federal Investment Company Act of 1940 and whose only investments are in securities
described above, general obligation tax- exempt securities, or repurchase or reverse repurchase agreements; 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
repurchase 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.
As allowed by authorized investment laws, a portion of the City's investment portfolio is invested in
collateralized mortgage obligations which are a form of "derivative" investments. Essentially, these investments
can be described as having a variable rate with a guaranteed return of principal. The City invests in these
investments for purposes of portfolio diversification.
39
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
The City's investments are categorized to give an indication of the level of custodial credit 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, 1994 are as follows:
U.S. Government Securities
(including securities insured
by the U.S. Government)
Government money
market mutual funds
Total investments
Custodial Credit Risk Category Carrying Market
1 2 3 Value Value
$10,762,435 $ - $ - $10,762,435 $9,807,427
Assets held by deferred compensation trustees
SUMMARY OF CASH AND INVESTMENTS
Cash and investments at December 31, 1994 are summarized as follows:
Deposits
Cash on hand
Investments
Total cash and investments
Assets held by deferred compensation
trustees (recognized at market value)
4,459,086 4,422,770
$15,221,521 $14,230,197
$2,045,940 $2,045,940
City
HRA Total
$813,898
$445,118 $1,259,016
4,800
75 4,875
15,221,521
- 15,221,521
$16,040,219
$445,193 $16,485,412
$1,860,493 $185,447 $2,045,940
Note 3 LEGAL COMPLIANCE /BUDGETS
Total actual expenditures exceeded budgeted expenditures (appropriations) in the following funds for 1994:
Budgeted Actual Over
Expenditures Expenditures Budget
Special Revenue Funds:
D.A.R.E. Program $4,965 $7,071 $2,106
40
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Note_ 4 INTERGOVERNMENTAL RECEIVABLES
Intergovernmental receivables at December 31, 1994 presented as due from other governmental units are
composed of the following:
City:
General Fund:
State of Minnesota
$5
City of St. Anthony
645
Anoka County
26,248
City of Hilltop
6,495
City of Minneapolis
613
Independent School District #13
11,801
Total General Fund
45,807
Special Revenue Funds:
Federal Police Grant - City of Hilltop
10,520
Municipal State Aid - State of Minnesota
49,113
Cable Television - City of Hilltop
5,291
Paratransit - City of Fridley
12,791
Total Special Revenue Funds
77,715
' Capital Project Funds:
Capital improvement projects - City of Fridley
13,611
Enterprise Funds:
Sewer - M.W.C.C.
152,379
Refuse - Anoka County
23,406
Liquor - State of Minnesota
2,326
Total Enterprise Funds
178,111
' Total City
315,244
HRA:
Anoka County
121,295
' HUD
28,728
Total HRA
150,023
Total Intergovernmental Receivables
$465,267
41
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
INTERCEPTOR ACQUISITION CONTRACT RECEIVABLE
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 %. The MWCC merged with the Metropolitan
Council during 1994 to form the Metropolitan Council Wastewater Services (MCWS).
As of December 31, 1994, a balance of $116,751 remained to be collected over the next six 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 MCWS for deferments of reserve capacity costs granted
to other communities. The balance of this receivable from MCWS at December 31, 1994 was $1,239
and is collectible over the next four years.
Loans receivable at December 31, 1994 consist of the following:
City:
HRA:
Sheffield Redevelopment $10,530
Business Revolving Loans 51,035
Home Improvement Loans 2,302
Mortgage Loans 75,089
Anoka County Community Action
Program (ACCAP) Loans 176,161
Total HRA 304,587
Total $315,117
The HRA loans relate primarily to personal residences of lower income individuals under a Community
Development Program.
42
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Note 6 INTERFUND RECEIVABLES AND PAYABLES
Individual fund interfund receivables and payables at December 31, 1994 consist of the following:
City:
General Fund
Special Revenue Funds:
Parking
Housing Mortgage
Capital Project Funds:
Capital Improvements 401
Sheffield Redevelopment
Debt Service Fund:
Tax Increment Bonds
Enterprise Fund:
Liquor
Sewer
Total City
HRA:
General Fund
Special Revenue Funds
Capital Project Funds
Total HRA
Total
Interfund Interfund
Receivables Payables
$79,609 $ -
408,027 -
446,352 -
79,609
- 1,022,031
854,379
169,000 -
853,031 -
1,956,019 1,956,019
211,210 -
- 125,067
- 86,143
211,210 211,210
$2,167,229 $2,167,229
43
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Note 7 INTERFUND TRANSFERS
From
To
Amount
Purpose
Operating:
Fund projects
Sewer Utility
Replacement fixed assets
General
DARE Project
$2,600
Fund DARE Program
General
Infrastructure
50,000
Fund future improvements
General
Energy management
64,748
Energy improvements
General
Library
7,500
Fund City portion
General
Policelfire contingency
162,003
Fund future expense
Liquor
Capital Improvement General Government Bldg.
25,000
Fund building improvements
Central Garage
Central Garage Equipment Replacement Account
4,000
Garage building improvements
Tax Increment Bonds 1991A
Tax Increment Bonds 1987A
6,515,000
Debt service
Tax Increment Bonds
Tax Increment Bonds of 1984
167,880
Debt service
Tax Increment Bonds
Tax Increment Bonds of 1987A
950,218
Debt service
Tax Increment Bonds
Tax Increment Bonds of 1991A
174,770
Debt service
Tax Increment Bonds
Capital Appreciation Bonds of 1990
360
Debt service
Capital Improvement Projects
Capital Improvement
5,359
Close projects
Tax Increment Bonds
Tax Increment Bonds of 1993A
191,456
Debt service
Water Utility Water Capital Equipment Replacement Account
Water Capital Equipment
Replacement Account Water Utility
Water Capital
Construction Account Water Utility
Sewer Utility Sewer Capital Equipment Replacement Account
Liquor Infrastructure
hwurance Capital Equipment Replacement
Parking Ramp Assessment Sheffield Redevelopment
Sewer Capital Equipment
Replacement
Capital Improvement Projects
Cable Television
Paratransit
Liquor
Water Utility
Refuse Utility
Liquor
Sewer Utility
Library
Sewer Utility
General
General
General
General
General
General
Capital Equipment Replacement
General
General
General Compensated Absences
General Federal Police Grant
General Community Police
Municipal State aid General
Municipal State aid Capital Improvement
Capital Equipment Replacement
Data processing
Data processing
Data processing
Data processing
Data processing
Total operating transfers
Insurance
Fixed assets replacement
Sewer Capital Construction
Sewer
Water Utility
Fund projects
Sewer Utility
Replacement fixed assets
Refuse Utility
Fund future improvements
Liquor
Equipment replacement
Central Garage
Redevelopment costs
E
15,000
Fixed assets replacement
11,622
Fixed asset replacement
30,982
Fund projects
25,000
Replacement fixed assets
150,000
Fund future improvements
7,702
Equipment replacement
300,000
Redevelopment costs
12,213
Equipment replacement
54,650
Administrative labor
49,102
Administrative labor
3,393
Administrative labor
55,834
Administrative labor
59,946
Administrative labor
86,113
Administrative labor
140,000
Replacement fixed assets
59,946
Administrative labor
6,597
Administrative labor
150,000 Reserve for compensated absences
135,623 City portion of grant
7,500 City portion of grant
74,964 State aid street maintenance
41,555 Fund projects
7,703
Equipment replacement
39,399
Fund projects
11,700
Fund data processing services
11,700
Fund data processing services
11,700
Fund data processing services
31,000
Fund data processing services
11,700
Fund data processing services
$9.923.538
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
' NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Note 8 FIXED ASSETS
Balance
' The following is a summary of changes in the General Fixed Assets Account
Group during the fiscal year:
Balance
Balance
Balance
January 1,
December 31,
December 31,
City
1994
Additions
Retirements 1994
Land
$3,132,099
$ -
$ $3,132,099
Buildings
3,068,022
32,429
_
3,100,451
Improvements other than buildings
1,443,626
28,161
- 1,471,787
Machinery and equipment
4,357,038
191,235
180,419 4,367,854
'
Construction in process
603,333
322,210
925,543
Total City general fixed assets
$12,604,118
$574,035
$180,419 $12,997,734
45
Balance
Balance
January 1,
December 31,
HRA
1994
Additions
Retirements
1994
Land
$69,688
$ -
$
$69,688
Buildings and structures
4,706,587
130,135
_
4,836,722
Furniture and fixtures
345,962
1,516
-
347,478
Total HRA general fixed assets
$5,122,237
$131,651
$0 $5,253,888
The following is a summary of Proprietary Fund Type fixed assets at December 31, 1994:
Water
Sewer
Refuse
Total
Internal
Total
Utility
Utility Utility Liquor
Enterprise
Service
proprietary
Land
$45,223
$36,586
$ $13,051
$94,860
$
$94,860
Buildings
233,836
46,290
- 245,016
525,142
712,183
1,237,325
Improvements other than buildings
2,865,332
3,100,742
2,890 104,538
6,073,502
436,460
6,509,962
Machinery and equipment
1
288,940
473,268
5,607 356,168
1,123,983
118,007
1,241,990
_. Construction in process
213,852
213,852
213,852
Total
3,433,331
3,870,738
8,497 718,773
8,031,339
1,266,650
9,297,989
Less accumulated depreciation
1,729,519
2,066,767
4,319 373,998
4,174,603
441,095
4,615,698
Net fixed assets
$1,703,812
$1,803,971
$4,178 $344,775
$3,856,736
$825,555
$4,682,291
45
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Note 9 OPERATING LEASES
The City has leased premises for a liquor store (Top Valu) under a five -year lease agreement that originally
expired in 1989. This lease has been renewed through December 31, 1999. This lease is considered for
accounting purposes to be an operating lease. Lease expenditures for the year ended December 31, 1994
amounted to $98,838.
The City also has leased premises for its Top Valu II liquor store under a five -year lease expiring February 28,
1998, with a five -year renewal option in 1997 and 2002. The lease calls for fixed minimum payments of
$3,051 per month. The City is also required to pay all utilities and a pro -rata share of real estate taxes. This
lease is considered for accounting purposes to be an operating lease. Lease expenditures for the year ended
December 31, 1994 amounted to $57,262.
Future minimum rental payments are as follows:
Top Valu Top Valu II
1995
$88,785
$36,610
1996
88,785
36,610
1997
88,785
36,610
1998
88,785
6,102
1999
88,785
-
Total
$443,925
$115,932
Note 10 CAPITAL LEASE
The City leases equipment under a lease - purchase option agreement dated November 1, 1992 with an interest rate
of 4.54 %. During the term of this lease, legal title to the equipment remains with the lessor. Full and legal
title to the equipment will pass to the City upon completion of all rental payments as detailed below or the
exercise by the City of its option to purchase the equipment per the terms of the lease.
Future rental payments are as follows:
Principal Interest Total
1995
$95,173
$25,317
$120,490
1996
99,548
20,942
120,490
1997
104,124
16,366
120,490
1998
108,910
11,580
120,490
1999
113,916
6,574
120,490
2000
58,906
1,339
60,245
Total
$580,577
$82,118
$662,695
Ertl
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
For accounting purposes, this lease is considered a capital lease. The related assets recorded in the financial
statements are as follows:
Equipment $700,000
Accumulated depreciation (200,000)
Net $500,000
11 LONG -TERM 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 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:
Original Interest Issue
Issue Rate Date
Tax Increment Bonds:
General Obligation
Tax Increment Refunding Bonds
of 1987, Series A
$9,090,000 7.00- 7.50%
6/1/87
General Obligation Tax
Increment Capital
Appreciation Bonds of 1990
Principal
2,399,721 6.90- 7.15%
8/23/90
General Obligation Tax
Increment Refunding
Bonds of 1991
6,670,000 4.75 - 5.80%
12/1/91
General Obligation Tax
Increment Refunding
Bonds of 1993
735,000 3.80 - 5.15%
7/1/93
Final
Maturity Balance
Date End of Year
3/1/02 $35,000
9/1/09 2,399,721
3/1/02 6,670,000
2/1/97 575,000
$9,679,721
47
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Annual debt service requirements to maturity for general obligation bonds including interest of $5,832,823 are
as follows:
Fiscal Year
Ending
December 31 Total
1995
1996
1997
1998
1999
Thereafter
$1,447,961
1,459,268
1,401,128
1,180,390
1,085,167
8,938,630
Totals $15,512,544
At December 31, 1994, a total of $1,171,524 is available in Debt Service Funds to service the General
Obligation Tax Increment Bonds. There are a number of limitations and restrictions contained in the various
bond indentures. The City is in compliance with all significant limitations and restrictions.
The Tax Increment Bonds are payable from the amount of increase in the property taxes on the property in the
Tax Increment District. Any deficiencies in revenues from these sources will be provided by general property
taxes.
Liability for Compensated Absences - Upon leaving City employment in good standing, employees shall
receive payment based on their most recent level for all vacation leave earned but not taken and for one -third of
earned but unused sick leave. The liability represents vested benefits earned by governmental fund employees
through the end of the year which will be paid or used in future periods.
Long -Term Debt - Other - The City is the administering authority for the following Tax Increment Finance
Districts:
A. 1977 Downtown CBD Revitalization Plan A3
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1994)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1994
.•
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$174,323
$1,034,846
$860,523
$28,434,721
$19,330,000
$9,104,721
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
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 1994)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1994
C. 1984 University Avenue Redevelopment C8
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1994)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1994
D. 1987 Sullivan Lake Development H2
Type of District
Authorizing Law
' Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1994)
' Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1994
E. 1989 Multi -Use Redevelopment Plan K2
' Type of District
Authorizing Law
tDuration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1994)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1994
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$37,598
$70,006
$32,408
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$25,176
$107,243
$82,067
$1,070,000
$1,070,000
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$41,720
$101,862
$60,142
$1,835,000
$1,260,000
$575,000
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
October 4, 2014
$215,872
$164,696
,•
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Changes in Long -Term Liabilities - During the year ended December 31, 1994, the following changes occurred
in liabilities reported in the General Long -Term Debt Account Group:
Balance
HRA January 1
Liability for compensated
Balance
Additions Reductions December 31
absences $10,711 $ - $308 $10,403
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, 1994, accreted interest of $767,972 was included in
general long -term debt for the 1990 Tax Increment Capital Appreciation Bonds.
Note 12 FUND EOUITY
The following funds had a fund deficit as of December 31, 1994:
Fund
Deficit
City:
Capital Project Funds:
Capital Improvement Fund 401 $71,534
Sheffield Redevelopment Fund 584,288
Internal Service Funds:
Energy Management 8,282
HRA:
Capital Project Fund 86,143
The City will finance these deficits through external or internal sources in future years.
WE
Balance
Balance
City
January 1
Additions
Reductions
December 31
Note payable to HRA
$15,228
$ -
$765
$14,463
General Obligation
Tax Increment Bonds:
Principal
17,209,721
-
7,530,000
9,679,721
Accreted interest
556,684
211,288
-
767,972
Liability for
compensated absences
362,043
11,227
-
373,270
Total City
$18,143,676
$222,515
$7,530,765
$10,835,426
Balance
HRA January 1
Liability for compensated
Balance
Additions Reductions December 31
absences $10,711 $ - $308 $10,403
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, 1994, accreted interest of $767,972 was included in
general long -term debt for the 1990 Tax Increment Capital Appreciation Bonds.
Note 12 FUND EOUITY
The following funds had a fund deficit as of December 31, 1994:
Fund
Deficit
City:
Capital Project Funds:
Capital Improvement Fund 401 $71,534
Sheffield Redevelopment Fund 584,288
Internal Service Funds:
Energy Management 8,282
HRA:
Capital Project Fund 86,143
The City will finance these deficits through external or internal sources in future years.
WE
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
For various reasons, certain funds have a portion of their fund equity reserved or designated for specific purposes.
A discussion of each such item as it appears on the Combined Balance Sheet follows:
A. RESERVATION OF RETAINED EARNINGS
Reserve for Insurance - This reserve in the Insurance Internal Service Fund represents funds set aside to
pay any claims from the period during which the City had no commercial insurance, and funds set aside
to pay any amounts that may arise from a claim that exceeded the limits of current commercial
policies.
Reserve for Capital Replacement/Construction - This reserve in the Water and Sewer Enterprise Funds
and the Central Garage Internal Service Fund represents funds set aside to pay for appropriate future
capital replacement/construction projects.
Reservations of retained earnings are summarized as follows at December 31, 1994:
Reserve for capital replacement/construction:
Water Utility Fund
Sewer Utility Fund
Central Garage Fund
Reserve for insurance
Total
B. RESERVATION OF FUND BALANCES
Internal
Enterprise
Service
Total
$15,692
$495,745
$ -
$495,745
2,241,058
-
2,241,058
-
44,936
44,936
-
938,887
938,887
$2,736,803
$983,823
$3,720,626
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.
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.
Reserved for Real Estate Held for Resale -This amount represents a financial resource which is not
currently available.
Reservations of fund balances at December 31, 1994 are summarized as follows:
Reserve for prepayments
Reserve for program expenditures
Reserve for real estate held for resale
Reserve for community development
Totals
City
HRA
Total
$15,692
$7,085
$22,777
453,478
-
453,478
449,000
21,114
470,114
-
176,163
176,163
$918,170
$204,362
$1,122,532
51
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
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.
Designated for PVVS Maintenance - This amount represents funds set aside by the HRA to provide for
maintenance costs in future years at Parkview Villa South senior housing.
Designations for unreserved fund balances at December 31, 1994 are summarized as follows:
The City maintains four Enterprise Funds which are intended to be self- supporting. Financial segment
City
of Columbia Heights
information as of and for the year ended December 31, 1994 is as follows:
Component
Special
Debt
Capital
Expendable
Unit
Liquor
General
Revenue
Service
Project
Trust
HRA
Total
Designated for compensated absences $ -
$
$ -
$
$370,245
$
$370,245
Designated for debt service
1,171,524
175,179
-
-
1,171,524
Designated for subsequent years' expenditures 1,003
6,376
-
116,234
162,003
-
285,616
Designated for working capital 3,430,141
-
Total operating transfers
-
-
(97,813)
3,430,141
Designated for PVVS maintenance -
,
Property, plant and equipment additions
23,245
57,219
249,577
249,577
Designated for Business Revolving Loan Fund
-
Net working capital
-
-
43,964
43,964
Total designated unreserved fund balance $3,431,144
$6,376
$1,171,524
$116,234
$532,248
$293,541
$5,551,067
The City maintains four Enterprise Funds which are intended to be self- supporting. Financial segment
information as of and for the year ended December 31, 1994 is as follows:
Water
Sewer
Refuse
Liquor
Total
Operating revenue
$1,134,756
$982,985
$1,323,832
$5,517,257
$8,958,830
Depreciation expense
83,930
107,500
1,022
55,298
247,750
Operating income (loss)
175,179
(93,082)
183,194
253,735
519,026
Net income (loss)
143,518
(60,448)
161,657
(114,525)
130,202
Total operating transfers
(63,943)
(63,944)
(97,813)
(401,834)
(627,534)
,
Property, plant and equipment additions
23,245
57,219
808
9,586
90,858
Net working capital
1,140,603
2,422,748
910,688
896,637
5,370,676
Net cash provided by operating activities
226,656
(49,122)
285,737
222,544
685,815
Total assets
2,919,238
4,431,107
915,535
1,654,892
9,920,772
'
Total equity - contributed
804,219
629,202
-
-
1,433,421
Total equity - retained earnings
2,040,196
3,715,507
914,866
1,241,412
7,911,981
52 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
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
Utility Utility Garage Total
Balance - beginning of year $830,513 $668,137 $188,849 $1,687,499
Less: Depreciation on contributed assets (26,294) (38,935) - (65,229)
Balance - end of year $804,219 $629,202 $188,849 $1,622,270
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, 1994 was $2,698,993 and $1,172,025, respectively; the City's total payroll
was $4,481,050.
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.
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 2.65% for each year of service
through June 30, 1994. (Effective July 1, 1993, the annual accrual rate for PEPFF is 2.65 percent.)
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.
There are different types of annuities available to members upon retirement. A normal annuity is a
lifetime annuity that ceases upon the death of the retiree. No survivor annuity is payable. There are
also various types of joint and survivor annuity options available which will reduce the monthly
normal annuity amount, because the annuity is payable over joint lives. Members may also leave their
contributions in the fund upon termination of public service, in order to qualify for a deferred annuity at
retirement age. Refunds of contributions are available at any time to members who leave public
service, but before retirement benefits begin.
53
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
B. CONTRIBUTIONS REQUIRED AND CONTRIBUTIONS MADE
Minnesota Statutes Chapter 353 sets the rates for employer and employee contributions. The City
makes annual contributions to the pension plans equal to the amount required by State Statutes.
According to Minnesota Statutes Chapter 356.215, Subdivision 4(g), the date of full funding required
for the PERF and the PEPFF is the year 2020. As part of the annual actuarial valuation, PERA's
actuary determines the sufficiency of the statutory contribution rates towards meeting the required full
funding deadline. The actuary compares the actual contribution rate to a "required" contribution rate.
Current combined statutory contribution rates and actuarially required contribution rates for the plans
are as follows:
Statutory Rates: Required
Employees Employer Rates
PERF (Basic and
Coordinated Plans) 4.30% 4.60% 9.58%
PEPFF 7.90% 11.70% 17.45%
The recommended rates scheduled above represent the required rates for
fiscal year 1994 contributions as reported in the July 1, 1993, actuarial
valuation reports.
Total contributions made by the City during the fiscal year ended December 31, 1994 were:
The City's contribution for the year ended December 31, 1994 to the PERF represented .111 percent of
total contributions required of all participating entities. For the PEPFF, contributions for the year
ended December 31, 1994, represented .412 percent of total contributions required of all participating
entities.
C. FUNDING STATUS AND PROGRESS
Pension Benefit Obli ag tion
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
Percentage of
Amount
Covered Payroll
Employees
Employer
Employees Employer
PERF $121,733
$132,777
4.51% 4.92%
PEPFF 89,277
133,915
7.62% 11.43%
Totals $211,010
$266,692
The City's contribution for the year ended December 31, 1994 to the PERF represented .111 percent of
total contributions required of all participating entities. For the PEPFF, contributions for the year
ended December 31, 1994, represented .412 percent of total contributions required of all participating
entities.
C. FUNDING STATUS AND PROGRESS
Pension Benefit Obli ag tion
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, 1994
The pension benefit obligations as of June 30, 1994 are shown below:
(In thousands)
Total pension
benefit obligation
Net assets available
for benefits, at cost
(Market Values for
PERF = $4,762,519;
PEPFF = $1,237,484)
Unfunded (assets in
excess of) pension
benefit obligation
PERF PEPFF
$5,625,598 $1,020,950
4,733,845 1,229,769
$891,753 ($208,819)
The measurement of the pension benefit obligation is based on an actuarial valuation as of June 30,
1994. Net assets available to pay pension benefits were valued as of June 30, 1994.
For the PERF, significant actuarial assumptions used in the calculation of the pension benefit
obligation include (a) a rate of return on the investment of present and future assets of 8.5 % per year,
compounded annually, prior to retirement, and 5% per year, compounded annually, following
retirement; (b) projected salary increases taken from a select and ultimate table; (c) payroll growth at
6% per year, consisting of 5% for inflation and 1% due to growth in group size; (d) post- retirement
benefit increases that are accounted for by the 5% rate of return assumption following retirement; and
(e) mortality rates based on the 1983 Group Annuity Mortality Table set forward one year for retired
members and set back five years for each active member.
Actuarial assumptions used in the calculation of the PEPFF include (a) a rate of return on the
investment of present and future assets of 8.5% per year, compounded annually, prior to retirement, and
5% per year, compounded annually, following retirement; (b) projected salary increases of 6.5% per
year, compounded annually, attributable to the effects of inflation; (c) post - retirement increases that are
accounted for by the 5% rate of return assumption following retirement; and (d) mortality rates based on
the 1971 Group Annuity Mortality Table projected to 1984 for males and females.
' Chanizes in Plan Provisions
The 1994 legislative session did not include any benefit improvements which would impact funding
costs for the PERF and the PEPFF
' Changes in Actuarial Assumptions
Prior to fiscal year 1994, the salary increase assumption and the mortality tables used in the calculation
of pension benefit obligation for the PERF were the same as those specified for the PEPFF. For the
July 1, 1994 actuarial valuation, PERA's board of trustees approved new mortality rates updated to the
' 1983 Group Annuity Mortality Table, salary increases which were changed to a select and ultimate
table and a new payroll growth assumption which was changed from 6.5% to 6 %. These changes were
made to reflect actual experience of the plan.
With the adoption of the actuarial assumption changes and the new mortality tables for the PERF, the
pension benefit obligation increased $56,596,000. The actuarial assumption changes also necessitated
a $81,201,000 transfer from the PERF Benefit Reserve to the PERF Minnesota Post Retirement
Investment Fund (MPRIF) Reserve to finance the increased obligation for future retirement benefits.
The change in the mortality rate assumption increased the PERF s costs because pensioners are living
longer than assumed previously. The change in the salary increase assumption, however, offset some
of the additional costs because lower salary increases generally translate into lower benefit liabilities in
the future.
55
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
Potential changes in the assumptions used for the PEPFF may be made in the future after completion
of a special experience study for that fund. Completion of the PEPFF experience study is expected by
February 1, 1995.
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, 1994. 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, 1994, and for the fiscal year then ended, PERA held no securities issued by the City or
other related parties.
Certain full -time and volunteer firefighters and policemen of the City participate in one of two 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, 1994 is summarized as
follows:
Single
Employer
Fire Relief
Association -
Volunteer
Division
Pension benefit obligation $549,936
Agent -
Multiple Employer
Police and Fire
Consolidation
Fund
(PFCF) Total
$5,830,062 $6,379,998
Net assets available for pension
benefits 959,918 5,102,155 6,062,073
Unfunded (assets in excess of)
pension benefit obligation ($409,982) $727,907 $317,925
56
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
1
A. PLAN DESCRIPTION
The Columbia Heights Fire Department Relief Association - Paid Division and the Columbia Heights
Police Relief Association were consolidated into the Police and Fire Consolidation Fund (PFCF) of the
Statewide Public Employee's Retirement Association (PERA) on January 1, 1994 and April 30, 1994,
respectively. Essentially this means that administration of Associations' affairs will henceforth be
handled by PERA, with the Associations' Board of Directors being abolished It also means that
nonretired members of the Associations have the choice of receiving benefits under the Associations
by -laws, or the PERA Police and Fire Fund ( PEPFF) benefits schedule. The PFCF is an agent,
multiple- employer defined benefit plan. The City's payroll for employees covered by the PFCF for the
year ended December 31, 1994 was $189,152; the City's total payroll was $4,481,050.
B. RELATED PARTY INVESTMENTS
During 1994, the PFCF held no securities issued by the City or other related parties.
C. FUNDING STATUS AND PROGRESS
The amount shown below as the "pension benefit obligation" is a standardized disclosure measure of
the present value of pension benefits, adjusted for the effects of projected salary increases and step -rate
benefits, estimated to be payable in the future as a result of service to date. The measure is intended to
help users assess the funding status of the PFCF on a going- concern basis, assess progress made in
accumulating sufficient assets to pay benefits when due, and make comparisons among employers.
The measure is the actuarial present value of credited projected benefits and is independent of the
funding method used to determine contributions to the PFCF.
A variety of significant actuarial assumptions are used to determine the standardized measure of the
pension benefit obligation for members electing Association benefits and these assumptions are
summarized below:
• The interest rate was assumed to be 8.5% per annum.
• Future pension payments reflect an assumption of a 6% (compounded annually) salary
increase, attributable to inflation and growth in group size.
• Future pension payments reflect an assumption of a 5% increase in post retirement benefits.
• Actuarial assumptions for PFCF members electing PEPFF benefits are the same as for
PEPFF members.
Some actuarial assumptions used may vary for those who choose benefit provisions of the
former relief associations.
57
Net assets available for benefits, at market
(cost was not available) 1,742,658 3,359,497 5,102,155
Unfunded (assets in excess of) pension benefit obligation $289,698 $438,209 $727,907
CITY OF COLUMBIA HEIGHTS, MINNESOTA
The valuation of the pension benefit obligation at June 30, 1994 was affected by the benefit provision
option available due to the consolidation into the PFCF. The dollar amount of this change was not
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
D . CONTRIBUTIONS REQUIRED AND CONTRIBUTIONS MADE
,
entry age normal actuarial cost method. Normal cost is funded on a current basis. The unfunded
actuarial accrued liability is to be funded by December 31, 2010. The City's minimum obligation is
the financial requirement for the year less anticipated member contributions and State aids. Any
,
additional payments by the City shall be used to amortize the unfunded liability of the PFCF. The
funding strategy for normal cost and the unfunded actuarial accrued liability should provide sufficient
The standardized measure of the unfunded pension benefit obligation
as of June 30, 1994 (the latest
actuarial valuation available) is as follows:
11.4% of gross wages plus the actuarially determined additional contribution. Contributions to the
PFCF in 1994 amounts to $35,939 of which $21,563 and $14,376 were made by the City of
Fire Account
Police Account
Total
Pension benefit obligation
funding for normal cost. The City also contributed an additional $117,725 for the amortization of the
,
,
Retirees and beneficiaries currently receiving benefits
amounts actually paid, the City and PERA consider that all required contributions were made.
Significant actuarial assumptions used to compute pension contribution requirements are substantially
'
and terminated employees not yet receiving benefits
$1,591,156
$2,547,811
$4,138,967
Accumulated employee contributions including
allocated investment income
31,502
184,372
215,874
Employer financed
409,698
1,065,523
1,475,221
'
Total pension benefit obligation
2,032,356
3,797,706
5,830,062
Net assets available for benefits, at market
(cost was not available) 1,742,658 3,359,497 5,102,155
Unfunded (assets in excess of) pension benefit obligation $289,698 $438,209 $727,907
The valuation of the pension benefit obligation at June 30, 1994 was affected by the benefit provision
option available due to the consolidation into the PFCF. The dollar amount of this change was not
available.
D . CONTRIBUTIONS REQUIRED AND CONTRIBUTIONS MADE
Financial requirements of the PFCF are determined through an annual actuarial valuation, using the
entry age normal actuarial cost method. Normal cost is funded on a current basis. The unfunded
actuarial accrued liability is to be funded by December 31, 2010. The City's minimum obligation is
the financial requirement for the year less anticipated member contributions and State aids. Any
,
additional payments by the City shall be used to amortize the unfunded liability of the PFCF. The
funding strategy for normal cost and the unfunded actuarial accrued liability should provide sufficient
resources to pay PFCF benefits on a timely basis.
PFCF members are required by State Statute to contribute 7.6% of wages, while the City contributes
11.4% of gross wages plus the actuarially determined additional contribution. Contributions to the
PFCF in 1994 amounts to $35,939 of which $21,563 and $14,376 were made by the City of
Columbia Heights and its employees, respectively. The contributions made by the City of Columbia
Heights and its employees represent 11.4% and 7.6% respectively, of total covered payroll. The
contributed amounts were actuarially determined as described above. These contributions represent
funding for normal cost. The City also contributed an additional $117,725 for the amortization of the
,
unfunded actuarial accrued liability. Since the actuarially determined contribution requirements were the
amounts actually paid, the City and PERA consider that all required contributions were made.
Significant actuarial assumptions used to compute pension contribution requirements are substantially
'
the same as those used to determine the standardized measure of the pension obligation.
58 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
E. HISTORICAL TREND INFORMATION
Historical trend information for the PFCF is presented in PERA's Comprehensive Annual Financial
Report for the year ended June 30, 1994. The information is presented to enable the reader to assess the
progress made in accumulating sufficient assets to pay pension benefits as they become due. Historical
information for the three most recent years is as follows:
Net assets available for benefits
as a percent of the pension benefit obligation (PBO)
Unfunded PBO as a percent of covered payroll
Employer's contribution as a percent of
covered payroll *
*Made in accordance with actuarially determined requirements.
June 30,
1994 1993 1992
88% Not Available Not Available
385% Not Available Not Available
11.4% Not Available Not Available
Note 18 DEFINED BENEFIT PENSION PLANS FIRE RELIEF ASSOCIATION
VOLUNTEER DIVISION
A. PLAN DESCRIPTION
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.
B. PENSION BENEFITS
The bylaws, as amended in September, 1992, provide for monthly pensions of $17.83 per year of
service, for up to 30 years of service. Alternatively, members may elect a lump sum payment of
$2,562.31 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.
59
HEIGHTS MINNESOTA
CITY O F COLUMBIA G S,
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
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 using the entry age actuarial cost method.
Significant actuarial assumptions used to calculate contribution requirements were the same as these
used to compute the required reserves.
During the year ended December 31, 1994, contributions totaling $35,801 (all employer) were made in
accordance with contribution requirements determined by an actuarial valuation of the Plan as of
December 31, 1992. 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 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 and (b) the assumption that benefits will not increase after retirement.
At December 31, 1994, the assets in excess of the pension benefit obligation were $409,982,
determined as follows:
Pension benefit obligation
Retirees and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits $352,387
Current employees:
Accumulated employee contributions including
allocated investment income -
Employer financed 197,549
Total pension benefit obligation 549,936
Net assets available for benefits, at cost
(market value was $949,137) 959,918
(Assets in excess of) pension benefit obligation ($409,982)
.1,
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
E. HISTORICAL TREND INFORMATION
Three -Year Historical Trend Information
December 31,
1994 1993 1992
Net assets available for benefits
as a percentage of pension benefit obligation 175% 165% 156%
Unfunded (assets in excess of) pension N/A N/A N/A
benefit obligation, as a percentage of annual
covered payroll
Employer's contribution as a percentage of
annual covered payroll 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 1994, the Association held no securities issued by the City or other related parties.
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.
tInvestments 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.
61
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1994
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 attorneys have indicated that existing and pending lawsuits, claims and other actions in which
the City is a defendant are either covered by insurance; of an immaterial amount; or, in the judgment of
the City attorneys, remotely recoverable by plaintiffs.
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.
62
' COMBINING,
INDIVIDUAL FUND
AND ACCOUNT GROUP
IFINANCIAL STATEMENTS
C1cl
l�
CITY OF COLUMBIA HEIGHTS, MINNESOTA '
u
C
64 1
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."
65
CITY OF COLUMBIA HEIGHTS, MINNESOTA
0
t
lJ
66 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 6
BALANCE SHEET
December 31, 1994
With Comparative Amounts For December 31, 1993
Asset 1994 1993
Cash and investments
$3,510,576
$3,139,309
Receivables:
Accounts
6,464
11,001
Taxes:
Unremitted
21,309
49,259
Delinquent
79,071
123,285
Interest
20,482
10,515
Due from other governmental units
45,807
56,896
Due from other funds
79,609
149,376
Due from component unit
4,421
7,648
Prepayments
13,264
9,496
Total assets
$3,781,003
$3,556,785
Liabilities and Fund Balance
Liabilities:
Accounts payable
$37,413
$98,670
Accrued salaries and withholdings payable
115,793
120,105
Due to other governmental units
76,888
4,526
Due to component unit
1,430
3,510
Deferred revenue
105,071
148,035
Total liabilities
336,595
374,846
Fund balance:
Reserved for prepayments
13,264
9,496
Unreserved:
Designated for subsequent years' expenditures
1,003
17,771
' Designated for working capital
3,430,141
3,154,672
Total fund balance
3,444,408
3,181,939
Total liabilities and fund balance
$3,781,003
$3,556,785
1 67
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, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Expenditures:
General government:
Council
235,817
1994
(56,967)
186,245
Manager
283,836
269,901
Over
294,803
Legal
185,115
195,799
(under)
1993
Finance and elections
Budget
Actual
Budget
Actual
Revenues:
109,348
106,983
(2,365)
105,248
Taxes
$2,200,351
$2,168,081
($32,270)
$2,060,355
Licenses and permits
140,450
165,696
25,246
135,545
Intergovernmental
3,238,577
3,268,867
30,290
3,181,600
Charges for services
409,269
348,160
(61,109)
347,513
Fines and forfeitures
100,150
87,225
(12,925)
89,464
Interest
120,000
127,048
7,048
179,000
Other revenues:
Miscellaneous
24,750
63,813
39,063
20,640
Proceeds from sale of land
500
2,800
2,300
-
Total revenues
6,234,047
6,231,690
(2,357)
6,014,117
Expenditures:
General government:
Council
235,817
178,850
(56,967)
186,245
Manager
283,836
269,901
(13,935)
294,803
Legal
185,115
195,799
10,684
176,788
Finance and elections
490,180
457,304
(32,876)
503,354
Assessing
109,348
106,983
(2,365)
105,248
Planning
19,683
13,092
(6,591)
22,571
General government buildings
168,738
130,614
(38,124)
152,594
Total general government
1,492,717
1,352,543
(140,174)
1,441,603
Public safety:
Police /animal/civil defense
1,978,590
1,779,349
(199,241)
1,877,463
Fire
695,806
679,632
(16,174)
680,944
Inspections
127,146
118,006
(9,140)
120,865
Total public safety
2,801,542
2,576,987
(224,555)
2,679,272
Public works:
6,500,466
5,839,792
(660,674)
6,055,098
Engineering
272,130
271,319
(811)
228,920
Maintenance
706,928
570,542
(136,386)
578,070
Total public works
979,058
841,861
(137,197)
806,990
Other departments:
Sanitation
165,597
100,111
(65,486)
149,054
Parks and recreation
1,061,552
966,561
(94,991)
977,911
Contingencies
-
1,729
1,729
268
Total other departments
1,227,149
1,068,401
(158,748)
1,127,233
Total expenditures
6,500,466
5,839,792
(660,674)
6,055,098
•:
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 7
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - Page 2 of 2
BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
1994
Revenues over (under) expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
11 Net increase (decrease) in fund balance
Fund balance - January 1
Residual equity transfers
Fund balance - December 31
Over
(under) 1993
Budget Actual Budget Actual
($266,419) $391,898 $658,317 ($40,981)
392,031
450,545
58,514
406,961
(282,348)
(579,974)
(297,626)
(196,505)
109,683
(129,429)
(239,112)
210,456
($156,736)
262,469
$419,205
169,475
3,181,939
$3,444,408
2,925,866
86,598
$3,181,939
•'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 8
SCHEDULE OF REVENUES -
BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
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
Shade tree
Police Relief Association
Fire Relief Association
County aid:
Street maintenance
County grant
School district
Total intergovernmental
Charges for services:
General government
Public safety
Public works
Parks and recreation
Total charges for services
Fines and forfeitures
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
70
1994
Over
(under) 1993
Budget Actual Budget Actual
$2,193,351
$2,157,231
($36,120)
$2,047,566
7,000
10,850
3,850
12,789
2,200,351
2,168,081
(32,270)
2,060,355
88,450
94,459
6,009
77,276
52,000
71,237
19,237
58,269
140,450
165,696
25,246
135,545
4,185
3,510
(675)
4,910
-
3,290
3,290
370
2,025,418
2,025,418
-
1,919,439
964,991
964,991
-
1,009,673
8,000
7,225
(775)
7,050
-
-
-
5,000
123,545
144,482
20,937
128,607
61,376
54,842
(6,534)
52,621
18,060
18,060
-
18,060
-
13,382
13,382
4,325
33,002
33,667
665
31,545
3,238,577
3,268,867
30,290
3,181,600
59,153
38,671
(20,482)
43,844
133,816
135,407
1,591
126,130
47,200
21,710
(25,490)
28,526
169,100
152,372
(16,728)
149,013
409,269
348,160
(61,109)
347,513
100,150
87,225
(12,925)
89,464
100,150
87,225
(12,925)
89,464
120,000
127,048
7,048
179,000
8,250
5,383
(2,867)
19,203
500
2,800
2,300
-
16,500
58,430
41,930
1,437
145,250
193,661
48,411
199,640
$6,234,047
$6,231,690
($2,357)
16,014,117
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Statement 9
Total expenditures $6,500,466 $4,292,686 $1,521,717 $25,389 $5,839,792 ($660,674) $6,055,098
71
1994 Actual
Supplies
Over
Personal
and
Capital
(under)
1993
Budget
Services
Services
Outlay
Total
Budget
Actual
Expenditures:
General government:
Council and manager:
Council
$235,817
$99,549
$79,011
$290
$178,850
($56,967)
$186,245
Manager
283,836
250,247
18,925
729
269,901
(13,935)
294,803
Legal
185,115
-
195,799
-
195,799
10,684
176,788
Total council and manager
704,768
349,796
293,735
1,019
644,550
(60,218)
657,836
Administrative services:
Finance
457,541
380,220
52,303
1,503
434,026
(23,515)
484,067
Elections
32,639
21,752
980
546
23,278
(9,361)
19,287
Assessing
109,348
37,253
69,730
-
106,983
(2,365)
105,248
Planning
19,683
8,509
4,583
-
13,092
(6,591)
22,571
General government buildings
168,738
5,885
124,349
380
130,614
(38,124)
152,594
Total administrative services
787,949
453,619
251,945
2,429
707,993
(79,956)
783,767
Total general government
1,492,717
803,415
545,680
3,448
1,352,543
(140,174)
1,441,603
Public safety:
Police
1,941,559
1,596,440
141,743
3,891
1,742,074
(199,485)
1,844,243
Fire
695,806
625,668
51,149
2,815
679,632
(16,174)
680,944
Inspections
127,146
102,070
10,141
5,795
118,006
(9,140)
120,865
Civil defense
26,219
12,782
11,444
-
24,226
(1,993)
20,775
Animal control
10,812
-
13,049
-
13,049
2,237
12,445
Total public safety
2,801,542
2,336,960
227,526
12,501
2,576,987 (224,555)
2,679,272
Public works, highways and streets:
Engineering
272,130
186,515
83,410
1,394
271,319
(811)
228,920
Streets
542,903
234,680
186,312
1,274
422,266
(120,637)
423,932
Street lighting
122,072
1,336
103,875
-
105,211
(16,861)
109,718
Traffic signs /signals
41,953
28,666
14,399
-
43,065
1,112
44,420
Total public works,
highways and streets
979,058
451,197
387,996
2,668
841,861
(137,197)
806,990
Other departments:
Sanitation
165,597
40,833
58,728
550
100,111
(65,486)
149,054
Parks and recreation
1,061,552
660,281
300,058
6,222
966,561
(94,991)
977,911
Contingencies
-
-
1,729
-
1,729
1,729
268
Total other departments
1,227,149
701,114
360,515
6,772
1,068,401
(158,748)
1,127,233
Total expenditures $6,500,466 $4,292,686 $1,521,717 $25,389 $5,839,792 ($660,674) $6,055,098
71
erl
72
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of
specific revenue sources which finance specified activities as required
_Yy law or administrative regulation.
U ; Municipal State Aid Fund - maintained according to State
Statute for maintenance and construction of streets or
J municipal state aid systems.
Cable Television Fund - established to account for revenues
and expenditures associated with cable television franchise.
Paratransit Fund - established by agreement with the
Minnesota Department of Transportation to account for the 7r` Fe
j 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.
aU Library Fund - established in 1993 to account for revenues and
expenditures of the library.
Community Police Fund - established in 1992 to account for
revenues and expenditures associated with grant received for
Community Police Program for Hilltop.
(,/U Project Pride Fund - established in 1992 to ensure that every
a resident of the City has access to recreation programs.
Housing Mortgage _Fund - established to account for proceeds
and expenditures relating to housing mortgage refinancing
proceeds which are not restricted for debt service.
6` Recreation Contributed Projects Fund - established to monitor
�6 contributions for recreational activities and related
expenditures.
�j Contributed Projects Fund - established to monitor
contributions and related expenditures.
u Parking Ramp Fund - established to account for revenues from
parking ramp assessment that are to be used for
redevelopment.
u� Confiscated Property Fund - established to account for funds
from property confiscated by the police department.
Federal Police Grant Fund - established to account for
revenues and expenditures associated with a federal grant
received for the hiring of additional police officers
V o2 7G
73
CITY OF COLUMBIA HEIGHTS, MINNESOTA ��� G> b` e
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET V
December 31, 1994
With Comparative Totals For December 31, 1993
Municipal
State Cable D.A.R.E. Project
Aid Television Paratransit Program Library Pride
Assets
Cash and investments
Cash and investments held in escrow
Receivables:
Accounts
Special assessments
Interest
Due from other governmental units
Due from other funds
Prepayments
Total assets
Liabilities and Fund Balance
Liabilities:
Accounts payable
Accrued salaries and withholdings payable
Contracts payable - retained percentage
Due to other governmental units
Due to other funds
Deferred revenue
Deposits
Total liabilities
Fund balance:
Reserved for prepayments
Reserved for program expenditures
Unreserved:
Designated for subsequent years' expenditures
Undesignated
Total fund balance
Total liabilities and fund balance
74
$25,271 $309,914 $46,552 $1,710 $48,148 $3,275
17,303 - - - -
- 2,564 366 - - 27
49,113 5,291 12,791 - - -
- - - 128 -
$74,384 $335,072 $59,709 $1,710 $48,276 $3,302
$5,096 $68 $4,154
334 - -
8,798 - -
14,228 68 4,154
$ - $4,284 $ -
6,840 -
0 11,124 0
- 128 -
- - - - 6,376 -
60,156 335,004 55,555 1,710 30,648 3,302
60,156 335,004 55,555 1,710 37,152 3,302
$74,384 $335,072 $59,709 $1,710 $48,276 $3,302
$19,772 $6,471 $24,599 $194,405 $2,622 $110,821 $793,560 $812,779
- - - 446,352
Statement 10
17,303
28,942
j�✓
528,045
137
-
-
700
-
-
3,794
3,084
_
-
-
10,520
�'✓J
Recreation
446,352
=
=
Housing
Contributed Contributed
Parking
Confiscated
Federal Totals
Mortgage
Projects Projects
_ Ramp
Property
Pol. Grant 1994 1993
$19,772 $6,471 $24,599 $194,405 $2,622 $110,821 $793,560 $812,779
- - - 446,352
75
17,303
28,942
528,045
137
-
-
700
-
-
3,794
3,084
_
-
-
10,520
77,715
80,495
446,352
=
=
408,027
854,379
_
_
_
_
_
-
128
655
$466,261
$6,471
$24,599
$603,132
$2,622
$121,341
$1,746,879
$1,900,352
$ -
$1,677
$ -
$ -
$ -
$ -
$15,279
$36,992
1,569
8,743
2,678
8,798
-
418
_
11,564
_
-
554,712
-
180
-
-
-
-
180
180
0
1,857
0
0
0
1,569
33,000
606,544
-
_
_
_
_
-
128
655
453,478
-
-
-
-
-
453,478
446,352
_
_
_
_
-
6,376
369
12,783
4,614
24,599
603,132
2,622
119,772
1,253,897
846,432
466,261
4,614
24,599
603,132
2,622
119,772
1,713,879
1,293,808
$466,261
$6,471
$24,599
$603,132
$2,622
$121,341
$1,746,879
$1,900,352
75
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Municipal �-
State Cable D.A.R.E. ommunity
Aid Television Paratransit Program Library Police
Revenues:
Taxes $ - $ - $ - $ - $390,348 $ -
Special assessments - - - - - -
Intergovernmental 347,809 - 42,573 2,650 - 30,000
Fees/program revenues - 71,756 11,695 - 15,798 -
Interest - 15,901 2,272 - - -
Other revenues:
Miscellaneous
Contributions
Total revenues
Expenditures:
Parks and recreation:
Personal services
Supplies
Other services and charges
Capital outlay
Other:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
9,288 5,291 20 270 55 -
- - - 534 - -
357,097 92,948 56,560 3,454 406,201 30,000
51,219
845
1,896
273,028 31,037
482
896 456
3,505
67,542 -
31,809
32,245 49,675
1,670
51,590 -
176,269
- -
-
3,661 -
259,779
33,986 50,131
7,071
395,821 31,037
Revenues over (under) expenditures
97,318
58,962
6,429
(3,617)
10,380
(1,037)
Other financing sources (uses):
Operating transfers in
-
-
-
2,600
7,500
7,500
Operating transfers (out)
(116,519)
(49,102)
(3,393)
-
(6,597)
-
Total other financing sources (uses)
(116,519)
(49,102)
(3,393)
2,600
903
7,500
Net increase (decrease) in fund balance
(19,201)
9,860
3,036
(1,017)
11,283
6,463
Fund balance (deficit) - January 1
79,357
325,144
52,519
2,727
25,869
(6,463)
$1,710
$37,152
$0
Fund balance - December 31
$60,156
$335,004
$55,555
76
77
Statement 11
�
Recreation
Project
Housing
Contributed
Contributed
Parking
Confiscated
Federal
Totals
Pride
Mortgage
Projects
Projects
Ramp
Property
Police Grant
1994
1993
$ _
$ _
$ _
$ _
$ -
$ -
$ -
$390,348
$378,979
586,129
-
586,129
95,366
10,520
433,552
601,152
_
-
-
99,249
117,374
174
7,126
-
-
4,342
-
-
29,815
64,905
-
_
_
_
-
547
-
15,471
9,592
-
-
55,647
16,344
-
-
-
72,525
101,496
174
7,126
55,647
16,344
590,471
547
10,520
1,627,089
1,368,864
_
_
_
_
_
_
_
-
532
-
-
49,747
-
-
-
-
49,747
43,462
300
-
17,963
-
-
-
-
18,263
18,554
-
-
2,610
-
2,610
--
-
-
-
21,274
379,299
351,820
=
=
5,949
2,605
81,435
82,821
-
-
-
3,600
-
16
2,492
173,097
253,254
-
-
-
-
-
249
-
180,179
186,164
300
0
70,320
9,549
0
265
26,371
884,630
936,607
(126)
7,126
(14,673)
6,795
590,471
282
(15,851)
742,459
432,257
-
-
-
-
135,623
153,223
31,757
_
=
(300,000)
(475,611)
(113,624)
0
0
0
0
(300,000)
0
135,623
(322,388)
(81,867)
(126)
7,126
(14,673)
6,795
290,471
282
119,772
420,071
350,390
3,428
459,135
19,287
17,804
312,661
2,340
-
1,293,808
943,418
t$3,302
$466,261
$4,614
$24,599
$603,132
$2,622
$119,772
$1,713,879
$1,293,808
77
Fund balance (deficit) - January 1
Fund balance - December 31
79,357
$60,156
(62,902)
$79,357
CITY OF COLUMBIA HEIGHTS, MINNESOTA
n y
SPECIAL REVENUE FUND - MUNICIPAL STATE AID STREET FUND
tiv
Statement 12
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND
ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
1994
Over
Budget
Actual
(under)
Budget
1993
Actual
Revenues:
Intergovernmental:
State of Minnesota:
Maintenance
$115,000
$146,409
$31,409
$143,466
Construction
276,050
201,400
(74,650)
281,144
Other revenues:
Miscellaneous
-
9,288
9,288
-
Total revenues
391,050
357,097
(33,953)
424,610
Expenditures:
Maintenance:
Personal services
10,800
6,787
(4,013)
9,600
Supplies
2,000
273
(1,727)
834
,
Other services and charges
23,067
19,290
(3,777)
21,385
Capital outlay
21,000
-
(21,000)
350
Construction:
Personal services
-
44,432
44,432
25,899
Supplies
-
209
209
8
Other services and charges
1,050
12,519
11,469
669
Capital outlay
275,000
176,269
(98,731)
174,916
Total expenditures
332,917
259,779
(73,138)
233,661
Revenues over expenditures
58,133
97,318
39,185
190,949
Other financing sources (uses):
Operating transfers (out):
Maintenance
Construction
-
-
(93,369)
(23,150)
(93,369)
(23,150)
(48,690)
-
Total other financing sources (uses)
0
(116,519)
(116,519)
(48,690)
Net increase (decrease) in fund balance
$58,133
(19,201)
($77,334)
142,259
Fund balance (deficit) - January 1
Fund balance - December 31
79,357
$60,156
(62,902)
$79,357
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, 1994
With Comparative Actual Amounts For The Year Faded December 31, 1993
'
79
1994
Over
(under) 1
1993
Budget A
Actual B
Budget A
Actual
Revenues:
Franchise fees $
$72,000 $
$71,756 (
($244) $
$73,154
Interest 1
10,000 1
15,901 5
5,901 2
22,867
Other revenues:
Miscellaneous 3
3,500 5
5,291 1
1,791 3
3,909
Total revenues 8
85,500 9
92,948 7
7,448 9
99,930
Expenditures:
Personal services 9
975 8
845 (
(130) 9
908
Supplies 2
2,857 8
896 (
(1,961) 1
1,335
Other services and charges 6
69,883 3
32,245 (
(37,638) 1
15,471
Capital outlay 6
60,720 -
- (
(60,720) 1
1,815
Total expenditures 1
134,435 3
33,986 (
(100,449) 1
19,529
Revenues over (under) expenditures (
(48,935) 5
58,962 1
107,897 8
80,401
Other financing sources (uses):
Operating transfers (out) (
(47,769) (
(49,102) (
(1,333) (
(45,928)
Net increase (decrease) in fund balance (
($96,704) 9
9,860 $
$106,564 3
34,473
Fund balance - January 1 3
325,144 2
290,671
Fund balance - December 31 $
$335,004 $
$325,144
79
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - PARATRANSIT FUND Statement 14
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Revenues:
Intergovernmental
Paratransit fees
Interest
Other revenues:
Miscellaneous
Total revenues
Expenditures:
Supplies
Other services and charges
Total expenditures
Revenues 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 - January 1
Fund balance - December 31
80
52,519
$55,555
38,784
$52,519
1994
Over
(under)
1993
Budget
Actual
Budget
Actual
$138,000
$42,573
($95,427)
$136,542
22,000
11,695
(10,305)
20,537
-
2,272
2,272
5,217
-
20
20
3,250
160,000
56,560
(103,440)
165,546
1,410
456
(954)
589
168,617
49,675
(118,942)
155,005
170,027
50,131
(119,896)
155,594
(10,027)
6,429
16,456
9,952
-
-
-
10,000
(7,944)
(3,393)
4,551
(6,217)
(7,944)
(3,393)
4,551
3,783
($17,971)
3,036
$21,007
13,735
52,519
$55,555
38,784
$52,519
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, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Revenues:
Interest
Other revenues:
r Miscellaneous
Contributions
Total revenues
Ir Expenditures:
Personal services
Supplies
Other services and charges
Total expenditures
IRevenues over (under) expenditures
Other financing sources:
Operating transfers in
Total other financing sources
INet increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
r
2,727
$1,710
3,041
$2,727
1994
Over
(under)
1993
Budget
Actual
Budget
Actual
$ -
$2,650
$2,650
$ -
270
270
30
2,400
534
(1,866)
1,663
2,400
3,454
1,054
1,693
-
1,896
1,896
-
3,310
3,505
195
3,771
1,655
1,670
15
736
4,965
7,071
2,106
4,507
(2,565)
(3,617)
(1,052)
(2,814)
2,600
2,600
-
2,500
2,600
2,600
0
2,500
$35
(1,017)
($1,052)
(314)
2,727
$1,710
3,041
$2,727
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - LIBRARY FUND Statement 16
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Revenues:
Taxes
Charges for services
Other revenues:
Miscellaneous
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues 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 - January 1
Fund balance - December 31
E:�
1994
Over
(under) 1993
Budget Actual Budget Actual
$390,348 $390,348 $ - $378,979
18,495 15,798 (2,697) 17,017
- 55 55 63
278,621
273,028
68,670
67,542
60,027
51,590
11,813
3,661
419,131
395,821
(10,288)
10,380
7,500
7,500
(6,467)
(6,597)
1,033
903
($9,255)
11,283
25,869
$37,152
(5,593)
260,323
(1,128)
63,771
(8,437)
50,531
(8,152)
1,866
(23,310)
376,491
20,668
19,568
- 12,590
(130) (6,289)
(130) 6,301
$20,538 25,869
$25,869
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - COMMUNITY POLICE Statement 17
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Revenues:
Intergovernmental
Fees/program revenues
Total revenues
Expenditures:
Personal services
Revenues over (under) expenditures
Other financing sources:
Operating transfers in
Net increase (decrease) in fund balance
Fund balance (deficit) - January 1
Fund balance (deficit) - December 31
1994
Over
31,037 (16,990)
(Under)
1993
Budget Actual Budget
Actual
$31,667 $30,000 ($1,667)
$40,000
- - -
6,666
31,667 30,000 (1,667)
46,666
48,027
31,037 (16,990)
55,090
(16,360)
(1,037) 15,323
(8,424)
7,500
7,500 -
6,667
($8,860)
6,463 $15,323
(1,757)
(6,463) (4,706)
$0 ($6,463)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - PROJECT PRIDE Statement 18
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1994
With Comparative Actual Amounts For The Year Ended December 31, 1993
Revenues:
Fees/program revenues
Interest
Other revenues:
Contributions
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Total expenditures
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
J
.,
3,428
$3,302
4,089
$3,428
1994
Over
(Under)
1993
Budget
Actual
Budget
Actual
$200
$ -
($200)
$ -
250
174
(76)
-
5,300
-
(5,300)
333
5,750
174
(5,576)
333
547
-
(547)
532
-
-
-
290
412
300
(112)
172
959
300
(659)
994
$4,791
(126)
($4,917)
(661)
3,428
$3,302
4,089
$3,428
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - HOUSING MORTGAGE Statement 19
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
'For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
1994 1993
Revenues:
Interest $7,126 $13,346
Other revenues:
Miscellaneous - -
Total revenues 7,126 13,346
Expenditures - -
tRevenues over expenditures 7,126 13,346
Fund balance - January 1 459,135 445,789
Fund balance - December 31 $466,261 $459,135
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - RECREATION CONTRIBUTED PROJECTS Statement 20
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
Revenues:
Contributions
Expenditures:
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over (under) expenditures
Fund balance - January 1
Fund balance - December 31
�. •
1994 1993
$55,647 $60,790
49,747
43,172
17,963
18,382
2,610
-
70,320
61,554
(14,673)
(764)
19,287
20,051
$4,614
$19,287
CITY OF COLUMBIA HEIGHTS, MINNESOTA Q
SPECIAL REVENUE FUND - CONTRIBUTED PROJECTS U
Statement 21
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
1994
1993
Revenues:
Contributions
$16,344
$38,710
Expenditures:
Supplies
5,949
12,513
Other services and charges
3,600
9,457
Capital outlay
-
7,217
Total expenditures
9,549
29,187
Revenues over expenditures
6,795
9,523
rOther financing sources (uses):
Operating transfers (out)
-
(6,500)
' Net increase in fund balance
6,795
3,023
Fund balance - January 1
17,804
14,781
Fund balance - December 31
$24,599
$17,804
'
87
CITY OF COLUMBIA HEIGHTS, MINNESOTA }J�
SPECIAL REVENUE FUND - PARKING RAMP j Statement 22
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
Revenues:
Special assessments
Interest
Total revenues
Expenditures
Revenues over expenditures
Other financing source (uses):
Operating transfers (out)
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
88
$586,129
4,342
590,471
590,471
(300,000)
290,471
312,661
$603,132
1993
$95,366
23,475
118,841
118,841 '
118,841
193,820
$312,661 '
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - CONFISCATED PROPERTY
Statement 23
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
1994
1993
Revenues:
Confiscated property
$547
$2,340
Expenditures:
Other services and charges
16
-
Capital outlay
249
Total expenditures
265
0
' Revenues over expenditures
282
2,340
Fund balance - January 1
2,340
-
Fund balance - December 31
$2,622
$2,340
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - FEDERAL POLICE GRANT Statement 24
STATEMENT OF REVENUES, EXPENDITURES AND i
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
Revenues:
Federal grant
Expenditures:
Personal services
Supplies
Other services and charges
Total expenditures
Revenues over (under) expenditures
Other financing sources:
Operating transfers in
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
001
1994
$10,520
21,274
2,605
2,492
26,371
(15,851)
135,623
119,772
$119,772
t
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.
Tax Increment Bonds Funds - a separate fund is used to account for
each separate Tax Increment Bond Issue revenues and expenditures.
91
CH
92
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SERVICE FUNDS
Statement 25
'DEBT
COMBINING BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
Tax
Tax
Tax
Increment
Capital
Increment
Increment
Tax
Refunding
Appreciation
Refunding
Refunding
Increment
Bonds
Bonds
Bonds
Bonds
Totals
Bonds
of 1987
of 1990
of 1991
of 1993
1994
1993
Assets
Cash and investments
$2,032,664
$ -
$ -
$ -
$ -
$2,032,664
$1,391,060
Cash and investments held in escrow
-
-
-
-
-
-
6,518,487
Taxes:
Unremitted
-
-
-
-
-
-
8,398
Delinquent
316,901
316,901
746,445
Interest
9,228
-
-
-
-
9,228
4,142
Total assets
$2,358,793
$0
$0
$0
$0
$2,358,793
$8,668,532
Liabilities and Fund Balance
Liabilities:
Due to other governmental units
$15,989
$ -
$ -
$ -
$ -
$15,989
$ -
Due to other funds
854,379
-
-
-
-
854,379
-
Deferred revenue:
Property taxes - delinquent
I
316,901
-
-
-
316,901
746,445
Total liabilities
1,187,269
0
0
0
0
1,187269
746,445
Fund balance:
Unreserved:
Designated for debt service 1,171,524 - - - - 1,171,524 7,922,087
Total liabilities and fund balance $2,358,793 $0 $0 $0 $0 $2,358,793 $8,668,532
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Miscellaneous
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Bond proceeds
Payment of refunded bonds
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance - January 1
Residual equity transfers
Fund balance - December 31
•,
23,076
23,076
1,254,812
160,000
7,880
(167,880)
167,880
(1,484,684) -
(1,484,684) 167,880
(229,872) 0
1,401,396 -
$1,171,524 $0
3�j
Tax
Tax
Increment
Increment
Bonds
Bonds of 1984
Revenues:
Tax increments
$1,116,034
$ -
Special assessments
-
-
Interest
57,243
-
Other revenues
104,611
-
Total revenues
1,277,888
0
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Miscellaneous
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Bond proceeds
Payment of refunded bonds
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance - January 1
Residual equity transfers
Fund balance - December 31
•,
23,076
23,076
1,254,812
160,000
7,880
(167,880)
167,880
(1,484,684) -
(1,484,684) 167,880
(229,872) 0
1,401,396 -
$1,171,524 $0
a
Statement 26
Tax
Capital
Tax
Tax
Increment
Appreciation
Increment
Increment
Refunding
Bonds
Refunding
Refunding
Totals
Bonds of 1987
of 1990
Bonds of 1991
Bonds of 1993
1994
1993
$ -
$ -
$ -
$ -
$1,116,034
$1,153,910
-
-
-
35,088
_
=
175,345
232,588
421,285
-
-
-
-
104,611
5,248
0
0
175,345
0
1,453,233
1,615,531
695,000
-
-
160,000
1,015,00
1,875,000
255,218
360
353,602
33,660
650,720
1,043,718
-
-
-
-
23,076
44,975
950,218
360
353,602
193,660
1,688,796
2,963,693
(950,218)
(360)
(178,257)
(193,660)
(235,563)
(1,348,162)
-
-
-
-
-
730,073
1 (6,515,000)
-
-
-
(6,515,000)
(710,000)
7,465,218
360
174,770
191,456
7,999,684
- 2,297,610
-
-
(6,515,000)
-
(7,999,684)
(2,297,610)
950,218
360
(6,340,230)
191,456
(6,515,000)
20,073
0
0
(6,518,487)
(2,204)
(6,750,563)
(1,328,089)
-
-
6,518,487
2,204
7,922,087
8,905,141
-
-
-
-
-
345,035
$0
$0
$0
$0
$1,171,524
$7,922,087
a
CH
we
CITY OF COLUMBIA HEIGHTS, MINNESOTA
c(-el`/
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.
1 Capital 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 revenues
and expenditures associated with storm sewers and other surface
water management.
Downtown Parking Maintenance Fund 405 - used for maintenance
of the West Side Parking.
Capital Improvement Fund 408 - used for projects involving State
Aid streets.
Sheffield Redevelopment Fund 410 - used to fund redevelopment of
the area of the City identified as Sheffield Neighborhood.
Capital Improvement General Government Buildings Fund 411 -
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.
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.
97
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
Assets
Cash and investments
Receivables:
Accounts
Special assessments:
Unremitted
Delinquent
Deferred
Interest
Loans
Due from other governmental units
Due from component unit
Prepayments
Real estate held for resale
Total assets
Liabilities and Fund Balance
Liabilities:
Accounts payable
Accrued salaries and withholdings payable
Contracts payable - retained percentage
Notes payable
Due to other governmental units
Due to other funds
Deferred revenue
Deposits
Total liabilities
Fund balance:
Reserved for prepayments
Reserved for real estate held for resale
Unreserved:
Designated for subsequent years' expenditures
Undesignated
Total fund balance (deficit)
Total liabilities and fund balance
••
Water Downtown
Capital Surface Parking Capital
Improvement Management Maintenance Improvement
$ - $20,130 $56,661 $19,876
524 -
10,421 - - -
$10,421 $20,130 $57,185 $19,876
$1,042 $ - $1,300 $ -
73 - 16 -
1,231 - - -
79,609 - - -
81,955 0 1,316
I
(71,534)
20,130
55,869
19,876
(71,534)
20,130
55,869
19,876
$10,421
$20,130
$57,185
$19,876
Statement 27
..
Capital
'
Improvement
General
Capital
Capital
Capital
Sheffield
Government
Improvement
Improvement
Infrastructure
Equipment
Redevelopment
Buildings
Parks
Projects
Replacement
Replacement
Totals
Fund 410
Fund 411
Fund 412
Fund 415
Fund 430
Fund 431
1994
1993
$47,563
$323,125
$317,524
$109,152
$540,982
$3,170,465
$4,605,478
$4,400,390
2,388
157
-
-
-
-
2,545
-
-
-
-
1,348
-
-
1,348
2,786
-
-
60,229
-
-
60,229
59,185
=
304,970
304,970
364,055
-
2,543
2,950
864
2,859
24,970
34,710
20,593
10,530
-
-
-
-
-
10,530
-
13,611
13,611
4,622
-
-
-
-
-
-
10,421
-
2,300
2,300
-
1 449,000
-
-
-
-
-
449,000
220,000
$511,781
$325,825
$320,474
$490,174
$543,841
$3,195,435
$5,495,142
$5,071,631
$701
$6,075
$326
$538
$ -
$ -
$9,982
$2,168
7
-
36
2,007
-
-
2,139
105
540
1,771
1,580
72,000
-
-
-
-
-
72,000
-
1,211
-
-
-
1,211
-
1,022,031
=
_
1,101,640
844,812
-
-
-
365,199
-
-
365,199
423,241
119
-
-
-
-
-
119
-
'
1,096,069
6,075
902.
367,744
0
0
1,554,061
1,271,906
2,300
-
-
-
-
-
2,300
-
449,000
-
-
-
-
-
449,000
-
-
1,999
326
-
-
113,909
116,234
4,550
(1,035,588)
317,751
319,246
122,430
543,841
3,081,526
3,373,547
3,795,175
(584,288)
319,750
319,572
122,430
543,841
3,195,435
3,941,081
3,799,725
' $511,781
$325,825
$320,474
$490,174
$543,841
$3,195,435
$5,495,142
$5,071,631
..
CITY OF COLUMBIA HEIGHTS, MINNESOTA '
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES '
IN FUND BALANCE
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993 ,
Revenues:
Special assessments
Interest
Other revenues:
Miscellaneous
Contributions
Proceeds from sale of land
Other refunds
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
Residual equity transfers
Fund balance (deficit) - December 31
100
3,248
182,765 - -
Water
Downtown
Capital
Surface
Parking
Improvement
Management
Maintenance
Fund 401
Fund 403
Fund 405
_
3,248
182,765 - -
162,171
-
14,983
,
Capital
20,594
Improvement
(11,735)
Fund 408
,
_
w
0
162,171
-
14,983
20,594
0
(11,735)
0
46,914
46,914
0
0
0
,
67,508
0
(11,735)
0
(139,042)
20,130
67,604
19,876
($71,534)
$20,130
$55,869
$19,876
Statement 28
.
Capital
Improvement
Capital
Capital
Capital
Sheffield
Government
Improvement
Improvement
Infrastructure
Equipment
Redevelopment
Buildings
Parks
Projects
Replacement
Replacement
Totals
Fund 410
Fund 411
Fund 412
Fund 415
Fund 430
Fund 431
1994
1993
$ -
$ -
$ -
$303,233
$ -
$ -
$303,233
$222,027
15,772
18,298
5,358
17,737
154,890
215,303
350,565
89,044
-
-
42,577
-
-
314,386
8,041
'
120,000
120,000
79,715
-
-
-
-
-
79,715
-
-
-
-
6,041
-
-
6,041
-
'
288,759
15,772
18,298
357,209
17,737
154,890
1,038,678
580,633
' 787,646
28,066
84,116
342,137
-
130,108
1,549,227
953,628
(498,887)
(12,294)
(65,818)
15,072
17,737
24,782
(510,549)
(372,995)
300,000
25,000
-
200,000
140,000
711,914
174,146
1
=
(60,009)
(60,009)
(69,530)
300,000
25,000
0
(60,009)_
200,000
140,000
651,905
104,616
(198,887)
12,706
(65,818)
(44,937)
217,737
164,782
141,356
(268,379)
(385,401)
307,044
385,390
167,367
326,104
3,030,653
3,799,725
4,499,737
_
_
_
-
-
-
(431,633)
' ($584,288)
$319,750
$319,572
$122,430
$543,841
$3,195,435
$3,941,081
$3,799,725
101
CH
102
CITY OF COLUMBIA HEIGHTS, 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. Revenues in the Enterprise Funds are recognized when
they are 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 revenues 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 three off -sale liquor stores.
103
Fixed assets:
Land
45,223
36,586
-
13,051
94,860
94,860
CITY OF COLUMBIA HEIGHTS, MINNESOTA
233,836
46,290
-
245,016
525,142
521,192
ENTERPRISE FUNDS
Improvements other than buildings
2,865,332
3,100,742
2,890
104,538
Statement 29
6,007,098
COMBINING BALANCE SHEET
Machinery and equipment
288,940
473,268
5,607
356,168
,
December 31, 1994
Construction in process
-
213,852
-
-
With Comparative Totals For December 31, 1993
235,462
Total
3,433,331
3,870,738
8,497
,
8,031,339
7,961,373
Less: Accumulated depreciation
1,729,519
2,066,767
4,319
373,998
4,174,603
3,947,097
'
Net fixed assets
1,703,812
Totals
4,178
Assets
Water
Sewer
Refuse
Liquor
1994
1993
$915,535
Current assets:
$9,920,772
$9,692,398
Liabilities and Fund Equity
Cash and cash equivalents
$954,377
$1,319,796
$607,000
$5239766
$3,404,939
$3,269,901
Receivables:
'
Accounts payable
$2,920
Accounts
251,913
233,333
276,229
2,221
763,696
811,471
'
Interest
7,207
10,980
4,722
4,821
27,730
17,920
and withholdings payable
Due from other governmental
15,358
-
44,389
79,277
61,779
units, current portion
-
34,389
239406
2,326
60,121
172,242
,
Due from other funds
-
853,031
-
169,000
1,022,031
707,000
66,116
Prepayments
279
57,617
-
135
58,031
185
477,198
Inventory, at cost
1,650
-
-
607,848
609,498
579,495
'
Total current assets
1,215,426 -
2,5099146
911,357
1,310,117
5,946,046
5,558,214
Long -term assets:
Contributed capital:
Due from other governmental units,
Property owners /customers
351,219
629,202
-
-
980,421
,
net of current portion
-
117,990
-
-
117,990
119,908
453,000
Total long -term assets
0
117,990
0
0
117,990
119,908
0
Fixed assets:
Land
45,223
36,586
-
13,051
94,860
94,860
Buildings
233,836
46,290
-
245,016
525,142
521,192
Improvements other than buildings
2,865,332
3,100,742
2,890
104,538
6,073,502
6,007,098
Machinery and equipment
288,940
473,268
5,607
356,168
1,123,983
1,102,761
Construction in process
-
213,852
-
-
213,852
235,462
Total
3,433,331
3,870,738
8,497
718,773
8,031,339
7,961,373
Less: Accumulated depreciation
1,729,519
2,066,767
4,319
373,998
4,174,603
3,947,097
'
Net fixed assets
1,703,812
1,803,971
4,178
344,775
3,856,736
4,014,276
Total assets
$2,919,238
$4,4311107
$915,535
$1,654,892
$9,920,772
$9,692,398
Liabilities and Fund Equity
Current liabilities:
'
Accounts payable
$2,920
$12,714
$669
$310,282
$326,585
$268,162
Accrued salaries
and withholdings payable
19,530
15,358
-
44,389
79,277
61,779
Contracts payable - retained percentage
-
5,577
-
-
5,577
81,141
,
Due to other governmental units
52,373
52,749
-
58,809
163,931
66,116
Total current liabilities
74,823
86,398
669
413,480
575,370
477,198
'
Fund equity:
Contributed capital:
Property owners /customers
351,219
629,202
-
-
980,421
1,045,650
Federal funds
453,000
-
-
-
453,000
453,000
,
Total contributed capital
804,219
629,202
0
0
1,433,421
1,498,650
Retained earnings:
Reserved for capital
'
replacement/construction
495,745
2,241,058
-
-
2,736,803
2,656,650
Unreserved
1,544,451
1,474,449
914,866
1,241,412
5,175,178
5,059,900
Total retained earnings
2,040,196
3,715,507
914,866
1,241,412
7,911,981
7,716,550
Total fund equity
2,844,415
4,344,709
914,866
1,241,412
9,345,402
9,215,200
'
Total liabilities and fund equity
$2,919,238
$4,431,107
$915,535
$1,654,892
$9,920,772
$9,692,398
104
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, 1994
' With Comparative Totals For The Year Ended December 31, 1993
Operating revenues:
Charges for services:
Customer service
Penalties
Sewer service charges
Refuse service charges
Charges for sales:
Water
Meter
Liquor
Beer
Wine
Other
Total operating revenues
Operating expenses:
Cost of sales and services
Distribution
Administration
Collection and disposal
Recycling
Hazardous waste
Cost of goods sold
Operating expense
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses):
Interest income
Intergovernmental
Miscellaneous revenues
Miscellaneous expenses
Total nonoperating revenues (expenses)
Net income before operating transfers
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income (loss)
Credit for depreciation on contributed assets
Retained earnings - January 1 as previously reported
Prior period adjustment
Retained earnings - January 1 as restated
Retained earnings - December 31
Totals
Water Sewer Refuse Liquor 1994 1993
$23,321 $ $ - $ - $23,321
$19,481
29,055 - - - 29,055
36,334
- 982,985 - - 982,985
1,021,710
- - 1,323,832 - 1,323,832
1,515,776
1,079,641 - - -
1,079,641
1,067,666
2,739 - - -
2,739
3,052
- - - 1,607,461
1,607,461
1,496,510
- - - 2,705,284
2,705,284
2,537,881
- - - 493,997
493,997
472,576
- - - 710,515
710,515
697,437
1,134,756 982,985 1,323,832 5,517,257
8,958,830
8,868,423
569,049
724,093
-
-
1,293,142
1,338,968
298,147
236,126
-
-
534,273
553,875
8,451
8,348
14,316
-
31,115
25,162
-
-
858,789
-
858,789
1,053,090
76,276
-
263,752
-
263,752
252,598
-
2,759
-
2,759
1,577
259,470
-
-
4,475,098
4,475,098
4,273,140
-
-
-
733,126
733,126
684,368
83,930
107,500
1,022
55,298
247,750
259,667
959,577
1,076,067
1,140,638
5,263,522
8,439,804
8,442,445
175,179
(93,082)
183,194
253,735
519,026
425,978
44,704
107,554
29,293
29,905
211,456
311,094
-
-
46,983
-
46,983
40,992
77
160
-
6,844
7,081
15,175
(12,499) (11,136)
-
(3,175)
(26,810) (15,201)
32,282
96,578
76,276
33,574
238,710
352,060
207,461
3,496
259,470
287,309
757,736
778,038
65,307 84,314 - - 149,621 90,662
(129,250) (148,258) (97,813) (401,834) (777,155) (582,028)
(63,943) (63,944) (97,813) (401,834) (627,534) (491,366)
143,518 (60,448) 161,657 (114,525) 130,202 286,672
26,294 38,935 - - 65,229 65,229
1,870,384 3,737,020 753,209 1,355,937 7,716,550 7,226,387
- _ _ - - 138,262
1,870,384 3,737,020 753,209 1,355,937 7,716,550 7,364,649
$2,040,196 $3,715,507 $914,866 $1,241,412 $7,911,981 $7,716,550
105
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Totals For the Year Ended December 31, 1993
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
Statement 31 '
Page 1 of 2
Totals
Water Sewer Refuse Liquor 1994 1993
$1,122,585
$994,274
$1,377,079
$5,345,706
$8,839,644
$8,061,361
(709,646)
(914,780)
(1,136,967)
(4,693,059)
(7,454,452)
(7,421,975)
(173,861)
(117,640)
(2,006)
(433,772)
(727,279)
(724,580)
77
160
47,631
6,844
54,712
15,175
(12,499)
(11,136)
-
(3,175)
(26,810)
(15,201)
226,656
(49,122)
285,737
222,544
685,815
(85,220)
Cash flows from noncapital financing activities:
Operating transfers in from other funds 65,307 84,314 - - 149,621 90,662
Operating transfers (out) to other funds (129,250) (148,258) (97,813) (401,834) (777,155) (582,028)
Net cash flows from noncapital financing activities (63,943) (63,944) (97,813) (401,834) (627,534) (491,366)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Cash flows from investing activities:
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
106
(23,245) (57,219) (808) (9,586) (90,858) (428,473)
- - - - - 3,080,024
41,415 71,685 26,315 28,200 167,615 311,094
41,415 71,685 26,315 28,200 167,615 3,391,118
180,883 (98,600) 213,431 (160,676) 135,038 2,386,059
773,494 1,418,396 393,569 684,442 3,269,901 883,842
$954,377 $1,319,796 $607,000 $523,766 $3,404,939 $3,269,901
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Totals For the Year Ended December 31, 1993
Statement 31
Page 2 of 2
107
Totals
'
Water
Sewer
Refuse
Liquor
1994
1993
Reconciliation of operating income (loss) to
'
Net cash flows from operating activities
' Operating income (loss)
$175,179
($93,082)
$183,194
$253,735
$519,026
$466,970
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Miscellaneous revenues
77
160
47,631
6,844
54,712
15,175
Miscellaneous expenses
(12,499)
(11,136)
(3,175)
(26,810)
(15,201)
Depreciation expense
83,930
107,500
1,022
55,298
247,750
259,667
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(12,171)
5,658
56,381
(2,093)
47,775
(17,901)
(Increase) decrease in due from other governmental units
117,631
(3,134)
(458)
114,039
(123,153)
(Increase) decrease in due from other funds
-
(112,000)
-
(169,000)
(281,000)
(707,000)
(Increase) decrease in prepayments
(259)
(57,617)
40
(10)
(57,846)
55,725
(Increase) decrease in inventory, at cost
828
(30,831)
(30,003)
(172,730)
Increase (decrease) in accounts payable
(60,754)
(63,258)
662
106,209
(17,141)
145,520
Increase(decrease)in accrued
-
salaries and withholdings payable
6,663
4,273
(59)
6,621
17,498
(3,817)
Increase (decrease) in due to other governmental units
45,662
52,749
-
(596)
97,815
11,525
Total adjustments
51,477
43,960
102,543
(31,191)
166,789
(552,190)
Net cash flows from operating activities
$226,656
($49,122)
$285,737
$222,544
$685,815
($85,220)
107
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND
BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
Ll
Statement 32 '
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1994 1993
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Prepayments
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:
$460,316
$161,654
$332,407
$954,377
$773,494
251,913
-
-
251,913
239,742
3,357
1,178
2,672
7,207
3,918
279
-
-
279
20
1,650
-
-
1,650
2,478
717,515
162,832
335,079
1,215,426
1,019,652
2,348,670
160,666
335,079
45,223
-
-
45,223
45,223
233,836
-
-
233,836
233,836
2,865,332
-
-
2,865,332
2,839,427
288,940
-
-
288,940
269,867
-
-
-
-
21,733
3,433,331
0
0
3,433,331
3,410,086
1,729,519
-
-
1,729,519
1,645,589
1,703,812
0
0
1,703,812
1,764,497
$2,421,327 $162,832 $335,079 $2,919,238 $2,784,149
Accounts payable
$754
$2,166 $ - $2,920
$63,674
Accrued salaries and withholdings payable
19,530
- - 19,530
12,867
Due to other governmental units
52,373
- - 52,373
6,711
Total liabilities
72,657
2,166 0 74,823
83,252
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
�J
351,219
-
-
351,219
377,513
453,000
-
-
453,000
453,000
804,219
0
0
804,219
830,513
-
160,666
335,079
495,745
491,767
1,544,451
-
-
1,544,451
'
1,378,617
1,544,451
160,666
335,079
2,040,196
1,870,384
2,348,670
160,666
335,079
2,844,415
2,700,897 '
$2,421,327
$162,832
$335,079
$2,919,238
$2,784,149
108 1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND Statement 33
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1994 1993
Operating revenues:
7,304
16,575
207,461
114,095
'
Charges for services:
42,604
22,703
Customer services
$23,321
$ -
$ -
$23,321
$19,481
Penalties
29,055
-
-
29,055
36,334
'
Charges for sales:
139,540
Water sales
1,079,641
-
-
1,079,641
1,067,666
Meter sales
2,739
-
-
2,739
3,052
'
Total operating revenues
1,134,756
0
0
1,134,756
1,126,533
Operating expenses:
$335,079
$1,870,384
Cost of sales and services
569,049
-
-
569,049
640,691
Distribution
298,147
-
-
298,147
342,336
Administration
8,451
-
-
8,451
8,638
Depreciation
83,930
-
-
83,930
87,522
Total operating expenses
959,577
0
0
959,577
1,079,187
' Net income from operations
175,179
0
0
175,179
47,346
Nonoperating revenues (expenses):
Interest income
20,825
7,304
16,575
44,704
66,687
Miscellaneous revenues
77
77
62
Miscellaneous expenses
(12,499)
-
-
(12,499)
-
' Total nonoperating revenues (expenses)
8,403
7,304
16,575
32,282
66,749
Net income before operating transfers
Operating transfers:
Operating transfers in
' Operating transfers (out)
Total operating transfers
' Net income (loss)
Credit for depreciation on contributed assets
IRetained earnings - January 1
Retained earnings - December 31
183,582
7,304
16,575
207,461
114,095
42,604
22,703
-
65,307
23,437
(86,646)
(11,622)
(30,982)
(129,250)
_ (184,699)
(44,042)
11,081
(30,982)
(63,943)
(161,262)
139,540
18,385
(14,407)
143,518
(47,167)
26,294
-
-
26,294
26,294
1,378,617
142,281
349,486
1,870,384
1,891,257
$1,544,451
$160,666
$335,079
$2,040,196
$1,870,384
011A
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Amounts For the Year Ended December 31, 1993
Statement 34 ,
1994 1993
Cash flows from operating activities:
Cash received from customers $1,122,585 $1,136,063
Cash paid to suppliers for goods and services (709,646) (775,460)
Cash payments to employees for services (173,861) (209,749)
Miscellaneous revenues 77 62
Miscellaneous expenses (12,499) -
Net cash flows from operating activities 226,656 150,916
Cash flows from noncapital financing activities:
Operating transfers in 65,307 23,437
Operating transfers (out) (129,250) (184,699)
Net cash flows from noncapital financing activities (63,943) (161,262)
Cash flows from capital and related financing activities:
Acquisition of fixed assets (23,245) (24,682)
Cash flows from investing activities:
Proceeds from sale and maturity of investments
-
708,166
Interest received on investments
41,415
66,687
Net cash flows from investing activities
41,415
774,853
Net increase in cash and cash equivalents
180,883
739,825
Cash and cash equivalents - January 1
773,494
33,669
Cash and cash equivalents - December 31
$954,377
$773,494
Reconciliation of operating income to
Net cash flows from operating activities
Operating income $175,179 $47,346
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
77
62
Miscellaneous expenses
(12,499)
-
Depreciation expense
83,930
87,522
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(12,171)
9,530
(Increase) decrease in prepayments
(259)
(20)
(Increase) decrease in inventory, at cost
828
18
Increase (decrease) in accounts payable
(60,754)
11,314
Increase (decrease) in accrued salaries and withholdings payable
6,663
(4,485)
Increase (decrease) in due to other governmental units
45,662
(371)
Total adjustments
51,477
103,570
Net cash flows from operating activities
$226,656
$150,916
110
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND
BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
Statement 35
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1994 1993
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Due from other governmental units,
current portion
Due from other funds
Prepayments
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
Contracts payable - retained percentage
Due to other governmental units
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
$138,198
233,333
1,138
$203,031 $978,567 $1,319,796 $1,418,396
- - 233,333 238,991
1,435 8,407 10,980 9,142
34,389
-
-
34,389
150,102
-
-
853,031
853,031
707,000
57,617
-
-
57,617
-
464,675
204,466
1,840,005
2,509,146
2,523,631
69,133
2,167
15,098
86,398
117,990
-
-
117,990
119,908
668,137
-
202,299
2,038,759
36,586
-
-
36,586
36,586
46,290
-
-
46,290
46,290
3,100,742
-
-
3,100,742
3,060,243
473,268
-
-
473,268
478,479
-
-
213,852
213,852
213,729
3,656,886
0
213,852
3,870,738
3,835,327
2,066,767
-
-
2,066,767
1,981,075
1,590,119
0
213,852
1,803,971
1,854,252
$2,172,784
$204,466
$2,053,857
$4,431,107
$4,497,791
$1,046
$2,167
$9,501
$12,714
$408
15,338
-
20
15,358
11,085
-
-
5,577
5,577
81,141
52,749
-
-
52,749
-
69,133
2,167
15,098
86,398
92,634
629,202
-
-
629,202
668,137
-
202,299
2,038,759
2,241,058
2,164,883
1,474,449
-
-
1,474,449
1,572,137
1,474,449
202,299
2,038,759
3,715,507
3,737,020
2,103,651
202,299
2,038,759
4,344,709
4,405,157
$2,172,784
$204,466
$2,053,857
$4,431,107
$4,497,791
111
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND Statement 36
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Capital
Equipment Capital
Operating Replacement Construction Totals
Account Account Account 1994 1993
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)
Interest income
Miscellaneous revenues
Miscellaneous expenses
Total nonoperating revenues (expenses)
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
as previously reported
Prior period adjustment
Retained earnings - January 1
Retained earnings - December 31
112
$982,985
$ -
$ -
$982,985
$1,021,710
'
724,093
-
-
724,093
698,277
236,126
-
-
236,126
211,539
'
8,348
-
-
8,348
8,266
107,500
-
-
107,500
113,245
1,076,067
0
0
1,076,067
1,031,327
,
(93,082)
0
0
(93,082)
(9,617)
'
12,469
8,906
86,179
107,554
161,674
160
-
-
160
6,700
'
(11,136)
-
-
(11,136)
(13,637)
1,493
8,906
86,179
96,578
154,737
,
(91,589)
8,906
86,179
3,496
145,120
'
51,612
32,702
-
84,314
62,994
(96,646)
12,213
(39,399)
(148,258)
(120,255)
(45,034)
20,489
(39,399)
(63,944)
(57,261)
'
(136,623)
29,395
46,780
(60,448)
87,859
38,935
38,935
38,935
'
-
-
1,572,137
172,904
1,991,979
3,737,020
3,471,964
'
- - - - 138,262
1,572,137 172,904 1,991,979 3,737,020 3,610,226
$1,474,449 $202,299 $2,038,759 $3,715,507 $3,737,020
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'SEWER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
' With Comparative Amounts For the Year Ended December 31, 1993
' 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
Operating transfers (out)
Net cash flows from noncapital financing activities
' Cash flows from capital and related financing activities:
Acquisition of fixed assets
Cash flows from investing activities:
Proceeds from sale and maturity of investments
Interest received on investments
Net cash flows 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 (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
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 due from other funds
(Increase) decrease in prepayments
' Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Increase (decrease) in due to other governmental units
' Total adjustments
Net cash flows from operating activities
Statement 37
1994 1993
$994,274
$198,802
(914,780)
(675,248)
(117,640)
(113,042)
160
6,700
(11,136)
(13,637)
(49,122)
(596,425)
84,314
62,994
(148,258)
(120,255)
(63,944)
(57,261)
(57,219)
(200,490)
-
1,348,937
71,685
161,674
71,685
1,510,611
(98,600)
656,435
1,418,396 761,961
$1,319,796 $1,418,396
($93,082) ($9,617)
160
(11,136)
107,500
5,658
117,631
(112,000)
(57,617)
(63,258)
4,273
52,749
43,960
($49,122)
6,700
(13,637)
113,245
(414)
(115,494)
(707,000)
55,910
77,990
(4,108)
($596,425)
113
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 38 '
BALANCE SHEET
December 31, 1994
With Comparative Amounts For December 31, 1993 '
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Due from other governmental units
Prepayments
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
114
1994
$607,000
276,229
4,722
23,406
911,357
2,890
5,607
8,497
4,319
4,178
$915,535
$669
.. '
914,866
$915,535
1993
$393,569
,
332,610
1,744
20,272
,
40
748,235
'
2,890
5,447
'
8,337
3,297
5,040
'
$753,275
1
'
$7
59
66
'
753,209
'
$753,275
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 39
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1994
' With Comparative Amounts For The Year Ended December 31, 1993
Operating revenues:
I
Refuse service charges
' Operating expenses:
Administration
Collections and disposals
' Recycling
Hazardous waste
Depreciation
Total operating expenses
' Net income from operations
Nonoperating revenues:
Interest income
Intergovernmental
Miscellaneous revenues
Total nonoperating revenues
Net income before operating transfers
Operating transfers:
' Operating transfers (out)
Net income
' Retained earnings - January 1
' Retained earnings - December 31
1994
$1,323,832 $1,515,776
14,316
858,789
263,752
2,759
1,022
1,140,638
183,194
29,293
46,983
76,276
259,470
(97,813)
161,657
753,209
$914,866
8,258
1,053,090
252,598
1,577
1,022
1,316,545
199,231
29,681
40,992
6
70,679
269,910
(83,221)
186,689
566,520
$753,209
115
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 40
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Amounts For the Year Ended December 31, 1993
Cash flows from operating activities:
Cash received from customers
$1,377,079
$1,519,568
Cash paid to suppliers for goods and services
(1,136,967)
(1,314,292)
Cash payments to employees for services
(2,006)
(1,272)
Miscellaneous revenues
47,631
6
Net cash flows from operating activities
285,737
204,010
Cash flows from noncapital financing activities:
Miscellaneous revenues
Depreciation expense
Operating transfers (out)
(97,813)
(83,221)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(808)
-
Cash flows from investing activities:
(Increase) decrease in due from other governmental units
Proceeds from sale and maturity of investments
-
230,235
Interest received on investments
26,315
29,681
Net cash flows from investing activities
26,315
259,916
Net increase in cash and cash equivalents
213,431
380,705
Cash and cash equivalents - January 1
393,569
12,864
Cash and cash equivalents - December 31
$607,000
$393,569
Reconciliation of operating income to
Net cash flows from operating activities
'
Operating income
$183,194
$240,223
Adjustments to reconcile operating income to net
'
cash flows from operating activities:
Miscellaneous revenues
Depreciation expense
47,631
1,022
6
1,022
,
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
56,381
(29,844)
(Increase) decrease in due from other governmental units
(3,134)
(7,356)
(Increase) decrease in prepayments
40
(40)
Increase (decrease) in accounts payable
662
(46)
Increase (decrease) in accrued salaries and withholdings payable
(59)
45
Total adjustments
102,543
(36,213)
Net cash flows from operating activities
$285,737
$204,010
'
116
,
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND
BALANCE SHEET
December 31, 1994
With Comparative Amounts For December 31, 1993
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Due from other governmental units
Due from other funds
Prepayments
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
Accrued salaries and withholdings payable
Due to other governmental units
Total liabilities
Fund equity:
Retained earnings:
Unreserved
1994
$523,766
2,221
4,821
2,326
169,000
135
607,848
1,310,117
13,051
245,016
104,538
356,168
718,773
373,998
344,775
$1,654,892
$310,282
44,389
58,809
413,480
1,241,412
Statement 41
1993
$684,442
128
3,116
1,868
125
577,017
1,266,696
13,051
241,066
104,538
348,968
707,623
317,136
390,487
$1,657,183
$204,073
37,768
59,405
301,246
1,355,937
Total liabilities and fund equity $1,654,892 $1,657,183
11 -7
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 42
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
118
Top
Heights
Totals
Top Valu
Valu II
Liquor
1994
1993
Operating revenues:
Charges for sales:
,
Liquor
$958,987
$374,355
$274,119
$1,607,461
$1,496,510
Beer
1,483,713
590,045
631,526
2,705,284
2,537,881
Wine
309,146
131,315
53,536
493,997
472,576
Other
434,034
171,473
105,008
710,515
697,437
Total operating revenues
3,185,880
1,267,188
1,064,189
5,517257
5,204,404
Operating expenses:
Cost of goods sold
2,622,069
1,037,299
815,730
4,475,098
4,273,140
Operating expense
389,033
209,149
134,944
733,126
684,368
Depreciation
28,428
14,838
12,032
55,298
57,878
Total operating expenses
3,039,530
1,261,286
962,706
5,263,522
5,015,386
$5,902
$101,483
253,735
189,018
Net income from operations
$146,350
Nonoperating revenues (expenses)
Interest income
29,905
53,052
Miscellaneous revenues
6,844
8,407
Miscellaneous expenses
(3,175)
(1,564)
Total nonoperating revenues (expenses)
33,574
59,895
Net income before operating transfers
287,309
248,913
Operating transfers:
Operating transfers in
-
4,231
Operating transfers (out)
(401,834)
(193,853)
Total operating transfers
(401,834)
(189,622)
Net income (loss)
(114,525)
59,291
Retained earnings - January 1
1,355,937
1,296,646
t
$1,355,937
$1,241,412
Retained earnings - December 31
118
CITY OF COLUMBIA HEIGHTS MINNESOTA
LIQUOR FUND Statement 43
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Amounts For the Year Ended December 31, 1993
1994 1993
Cash flows from operating activities:
Cash received from customers
$5,345,706
$5,206,928
Cash paid to suppliers for goods and services
(4,693,059)
(4,656,975)
Cash payments to employees for services
(433,772)
(400,517)
Miscellaneous revenues
6,844
8,407
Miscellaneous expenses
(3,175)
(1,564)
Net cash flows from operating activities
222,544
156,279
Cash flows from noncapital financing activities:
Operating transfers in
-
4,231
Operating transfers (out)
(401,834)
(193,853)
Net cash flows from noncapital financing activities
(401,834)
(189,622)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(9,586)
(203,301)
Cash flows from investing activities:
Proceeds from sale and maturity of investments
-
792,686
Interest received on investments
28,200
53,052
Net cash flows from investing activities
28,200
845,738
Net increase (decrease) in cash and cash equivalents
(160,676)
609,094
Cash and cash equivalents - January 1
684,442
75,348
Cash and cash equivalents - December 31
$523,766
$684,442
Reconciliation of operating income to
Net cash flows from operating activities
Operating income
$253,735
$189,018
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
6,844
8,407
Miscellaneous expenses
(3,175)
(1,564)
Depreciation expense
55,298
57,878
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(2,093)
2,827
(Increase) decrease in due from other governmental units
(458)
(303)
(Increase) decrease in due from other funds
(169,000)
-
(Increase) decrease in prepayments
(10)
(125)
(Increase) decrease in inventory, at cost
(30,831)
(172,748)
Increase (decrease) in accounts payable
106,209
56,262
Increase (decrease) in accrued salaries and withholdings payable
6,621
4,731
Increase (decrease) in due to other governmental units
(596)
11,896
Total adjustments
(31,191)
(32,739)
Net cash flows from operating activities
$222,544
$156,279
119
CH
120
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
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.
Energy Management Fund - used to account for the costs
associated with energy management and maintenance
within the City. All costs are recorded in the fund and
allocated to user departments.
Data Processing Fund - used to account for management
information system costs throughout the City.
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.
121
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Prepayments
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
Capital lease payable current
Deferred revenue
Accrued interest payable
Total current liabilities
Long -term liabilities:
Capital lease payable net of current
Total liabilities
Fund equity:
Contributed capital:
Municipal funds
Property owners
Total contributed capital
Retained earnings:
Reserved for insurance
Reserved for capital improvements
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
122
Statement 44 1
fl
Central
Energy
Data
Totals
Garage
Management Processing
Insurance
1994
1993
$124,670
$84,636
$37,673
$897,375
$1,144,354
$937,484
732
-
-
-
732
2,752
933
598
-
6,662
8,193
3,091
_
-
-
34,850
34,850
18,173
82,124
-
-
-
82,124
80,196
208,459
85,234
37,673
938,887
1,270,253
1,041,696
316,312
395,871
-
-
712,183
708,009
121,550
314,910
-
-
436,460
436,460
99,653
-
18,354
-
118,007
100,298
537,515
710,781
18,354
0
1,266,650
1,244,767
236,503
203,060
1,532
-
441,095
313,518
301,012
507,721
16,822
0
825,555
931,249
$509,471
$592,955
$54,495
$938,887
$2,095,808
$1,972,945
$3,032
$17,069
$5,230
$ -
$ 331 25
$11 , 208
17,342
-
-
-
17,342
15,535
-
95,173
-
-
95,173
90,991
_
_
_
_
-
2,752
-
3,591
-
-
3,591
6,527
20,374
115,833
5,230
0
141,437
127,013
-
485,404
-
-
485,404
580,577
20,374
601,237
5,230
0
626,841
707,590
124,196
-
-
-
124,196
114,196
64,653
-
-
-
64,653
64,653
188,849
0
0
0
188,849
188,849
-
-
938,887
938,887
761,649
44,936
-
-
-
44,936
38,906
255,312
(8,282)
49,265
-
296,295
275,951
300,248
(8,282)
491265
938,887
1,280,118
1,076,506
489,097
(8,282)
49,265
938,887
1,468,967
1,265,355
$509,471
$592,955
$54,495
$938,887
$2,095,808
$1,972,945
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS Statement 45
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Nonoperating revenues (expenses):
Interest income
Central
Energy
Data
41,325
Totals
52,635
Miscellaneous revenues
Garage
Management Processing
Insurance
1994
1993
Operating revenues:
Interest expense
-
(28,936)
-
-
(28,936)
�( Charges for services:
Total nonoperating revenues (expenses)
9,629
25,227
0
41,325
25,727
Services to departments
$106,376
$202,657
$ -
$ -
$309,033
$308,750
Use of space
140,425
(119,543)
(28,535)
-
140,425
115,839
Insurance allocation
91,961
91,961
52,749
Recovery of damages
-
-
-
77,258
77,258
713
Charges for sales:
64,748
77,800
-
146,548
172,748
Operating transfers (out)
Sales of gasoline
49,169
-
-
-
49,169
50,822
Total operating revenues
295,970
202,657
0
169,219
667,846
528,873
Operating expenses:
Net income (loss)
31,904
Cost of services and space
234,616
195,453
27,003
-
457,072
427,915
Claims administration
-
761,649
1,076,506
3,771
31771
10,952
Supplies and services
3,979
3,979
3,299
Claims
-
-
-
5,347
5,347
4,509
Insurance deductible
-
-
-
4,804
4,804
-
�' Depreciation
27,379
101,520
1,532
-
130,431
130,666
Total operating expenses
261,995
296,973
28,535
17,901
605,404
577,341
Net income (loss) from operations
33,975
(94,316)
(28,535)
151,318
62,442
(48,468)
Nonoperating revenues (expenses):
Interest income
5,790
3,709
-
41,325
50,824
52,635
Miscellaneous revenues
3,839
-
-
-
3,839
95,443
Interest expense
-
(28,936)
-
-
(28,936)
(35,967)
Total nonoperating revenues (expenses)
9,629
25,227
0
41,325
25,727
112,111
Net income (loss) before operating transfers
43,604
(119,543)
(28,535)
192,643
88,169
63,643
Operating transfers:
Operating transfers in
4,000
64,748
77,800
-
146,548
172,748
Operating transfers (out)
(15,700)
-
-
(15,405)
(31,105)
(14,587)
Total operating transfers
(11,700)
64,748
77,800
(15,405)
115,443
158,161
Net income (loss)
31,904
(54,795)
49,265
177,238
203,612
221,804
Retained earnings - January 1
268,344
46,513
-
761,649
1,076,506
854,702
Retained earnings - December 31
$300,248
($8,282)
$49,265
$938,887
$1,280,118
$1,076,506
123
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Totals For the Year Ended December 31, 1993
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
Central Energy Data
Garage Management Processing Insurance
u
Statement 46 1
Totals
1994 1993
$297,990 $202,657 $ - $169,219
$669,866
$527,105 ■
(135,885) (263,104) (21,773) (46,821)
(467,583)
394,923 1�
(106,744) - - -
(106,744)
(108,438)
3,839 - - -
3,839
95,443
59,200 (60,447) (21,773) 122,398
99,378
909,033
Cash flows from noncapital financing activities:
-
-
3,839
95,443
Operating transfers in
4,000
64,748
77,800
- 146,548
172,748
Operating transfers (out)
(15,700)
-
(15,405) (31,105)
14,587
Net cash flows from noncapital financing activities
(11,700)
64,748
77,800
(15,405) 115,443
158,161
Cash flows from capital and related financing activities:
9,207
-
(25,884)
(16,677)
47,826
Acquisition of fixed assets
(6,383)
-
(18,354)
- (24,737)
(714,165)
Interest expense
(28,936)
-
- (28,936)
(35,967)
Net cash flows from capital
-
-
1,807
344
and related financing activities
(6,383)
(28,936)
(18,354)
0 (53,673)
750,132
Cash flows from investing activities:
Interest earned on investments
Net increase (decrease) in cash and cash equivalents
5,114 3,111 - 37,497 45,722 52,635
46,231 (21,524) 37,673 144,490 206,870 369,697
Cash and cash equivalents - January 1 78,439 106,160 - 752,885 937,484 567,787
Cash and cash equivalents - December 31 $124,670 $84,636 $37,673 $897,375 $1,144,354 $937,484
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
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in inventory, at cost
(Increase) decrease in prepayments
Increase (decrease) in accounts payable
Increase (decrease) in accrued
salaries and withholdings payable
Increase (decrease) in capital lease payable
Increase (decrease) in accrued interest payable
Increase (decrease) in deferred revenue
Total adjustments
Net cash flows from operating activities
124
$33,975 ($94,316) ($28,535) $151,318 $62,442 ($48,468) 1
3,839
-
-
3,839
95,443
27,379
101,520
1,532
130,431
130,666
2,020
-
-
2,020
(1,768)
(1,928)
-
-
(1,928)
5,690
9,207
-
(25,884)
(16,677)
47,826
(5,140)
17,069
5,230
(3,036)
14,123
(1,547)
1,807
-
-
1,807
344
-
(90,991)
-
(90,991)
671,568
(2,936)
-
(2,936)
6,527
(2,752)
-
-
(2,752)
2,752
25,225
33,869
6,762
(28,920 )
36,936
957,501
$59,200
($60,447)
($21,773)
$122,398
$99,378
$909,033
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND
BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
Assets
Current assets:
Cash and cash equivalents
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
Deferred revenue
Total liabilities
V 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
Capital
Equipment
Operating Replacement
Account Account
Statement 47
Totals
1994 1993
$80,061
$44,609
$124,670
$78,439
732
-
732
2,752
606
327
933
257
82,124
-
82,124
80,196
163,523
44,936
208,459
161,644
255,312
316,312
-
316,312
312,138
121,550
-
121,550
121,550
99,653
-
99,653
100,298
537,515
0
537,515
533,986
236,503
-
236,503
211,978
301,012
0
301,012
322,008
$464,535
$44,936
$509,471
$483,652
$3,032 $ - $3,032 $8,172
17,342 - 17,342 15,535
- - - 2,752
2074 0 20,374 26,459
124,196
-
124,196
124,196
64,653
-
64,653
64,653
188,849
0
188,849
188,849
-
44,936
44,936
38,906
255,312
-
255,312
229,438
255,312
44,936
300,248
268,344
444,161
44,936
489,097
457,193
$464,535
$44,936
$509,471
$483,652
125
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 48
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Faded December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Operating revenues:
Charges for services:
Services to departments
Use of space
Charges for sales:
Sales of gasoline
Total operating revenues
Operating expenses:
Cost of services and space
Depreciation
Total operating expenses
Net income from operations
Nonoperating revenues
Interest income
Miscellaneous revenues
Total nonoperating revenues
Net income before operating transfers
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income
Retained earnings - January 1
Retained earnings - December 31
126
Capital
Equipment
Operating Replacement Totals
Account Account 1994 1993
$106,376
$ -
$106,376
$106,094
140,425
-
140,425
115,839
49,169
-
49,169
50,822
295,970
0
295,970
272,755
234,616
-
234,616
230,369
27,379
-
27,379
29,126
261,995
0
261,995
259,495
33,975
0
33,975
13,260
3,760
2,030
5,790
4,388
3,839
-
3,839
3,638
7,599
2,030
9,629
8,026
41,574
2,030
43,604
21,286
-
4,000
4,000
4,000
(15,700)
-
(15,700)
(4,000)
(15,700)
4,000
(11,700)
0
25,874
6,030
31,904
21,286
229,438
38,906
268,344
247,058
$255;312
$44,936
$300,248
$268,344
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 49
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Amounts For the Year Ended December 31, 1993
i
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
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Cash flows from investing activities:
Interest earned on investments
Net increase in cash and cash equivalents
ICash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income to
Net cash flows from operating activities
IOperating income
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in inventory, at cost
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Increase (decrease) in deferred revenue
Total adjustments
Net cash flows from operating activities
1994
$297,990
(135,885)
(106,744)
3,839
59,200
4,000
(15,700)
(11,700)
1993
$270,259
(116,918)
(108,438)
3,638
48,541
111
- 111
(6,383) (3,384)
5,114 4,388
46,231 49,545
78,439 28,894
$124,670 $78,439
$33,975 $13,260
3,839
27,379
2,020
(1,928)
(5,140)
1,807
(2,752)
25,225
$59,200
3,638
29,126
(2,496)
5,690
(3,773)
344
2,752
35,281
$48,541
127
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENERGY MANAGEMENT FUND Statement 50
BALANCE SHEET
December 31, 1994
With Comparative Amounts For December 31, 1993
Assets
Current assets:
Cash and cash equivalents
Interest receivable
Prepayments
Total current assets
Fixed assets:
Buildings
Improvements other than buildings
Total fixed assets
Less: accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Capital lease payable current
Accrued interest payable
Total current liabilities
Long -term liabilities:
Capital lease payable net of current
Total liabilities
Retained earnings:
Unreserved
Total liabilities and fund equity
128
1994
$84,636 $106,160
598 -
9,207
85,234 115,367
395,871
314,910
710,781
203,060
507,721
$592,955
395,871
314,910
710,781
101,540
609,241
$724,608
$17,069 $ -
95,173 90,991
3,591 6,527
115,833 97,518
485,404 580,577
601,237 678,095
(8,282) 46,513
$592,955 $724,608
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENERGY MANAGEMENT FUND Statement 51
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
1 129
1994
1993
Operating revenues:
Charges for services:
Services to departments
$202,657
$202,656
Total operating revenues
202,657
202,656
Operating expenses:
Cost of services and space
195,453
197,546
Depreciation
101,520
101,540
' Total operating expenses
296,973
299,086
Net income (loss) from operations
(94,316)
(96,430)
Nonoperating revenues (expenses):
Interest
3,709
-
Miscellaneous revenues
-
10,162
Interest expense
(28,936)
(35,967)
Total nonoperating revenues
(25,227)
(25,805)
Net income (loss) before operating transfers
(119,543)
(122,235)
Operating transfers:
Operating transfers in
64,748
168,748
Net income (loss)
(54,795)
46,513
Retained earnings - January 1
46,513
-
Retained earnings - December 31
($8,282)
$46,513
1 129
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENERGY MANAGEMENT FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Amounts For the Year Ended December 31, 1993
Statement 52
1994
1993
Cash flows from operating activities:
Cash received from customers
$202,657
$202,656
Cash paid to suppliers for goods and services
(263,104)
471,342
Miscellaneous revenues
-
10,162
Net cash flows from operating activities
(60,447)
684,160
Cash flows from noncapital financing activities:
Operating transfers in
64,748
168,748
Cash flows from capital and related financing activities:
Acquisition of fixed assets
-
(710,781)
Interest expense
(28,936)
(35,967)
Net cash flows from capital and related financing activities
(28,936)
(746,748)
Cash flows from investing activities:
Interest earned on investments
3,111
-
Net increase (decrease) in cash and cash equivalents
(21,524)
106,160
Cash and cash equivalents - January 1
106,160
-
Cash and cash equivalents - December 31
$84,636
$106,160
Reconciliation of operating income (loss) to
Net cash flows from operating activities
Operating income (loss)
($94,316)
($96,430)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Miscellaneous revenues
-
10,162
Depreciation expense
101,520
101,540
Changes in assets and liabilities:
(Increase) decrease in prepayments
9,207
(91207)
(Increase) decrease in accounts payable
17,069
-
Increase (decrease) in capital lease payable
(90,991)
671,568
Increase (decrease) in accrued interest payable
(2,936)
6,527
Total adjustments
33,869
780,590
Net cash flows from operating activities
($60,447)
$684,160
130
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DATA PROCESSING FUND Statement 53
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1994
1 131
1994
Operating revenues
$ -
Operating expenses:
Cost of services
27,003
Depreciation
1,532
Total operating expenses
28,535
Net income (loss) from operations
(28,535)
Operating transfers:
Operating transfers in
77,800
Net income
49,265
Retained earnings - January i
-
Retained earnings - December 31
$49,265
1 131
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DATA PROCESSING FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
Cash flows from operating activities:
Cash paid to suppliers for goods and services
Cash flows from noncapital financing activities:
Operating transfers in
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Net increase 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:
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in accounts payable
Total adjustments
Net cash flows from operating activities
132
Statement 54
1994
($21,773)
77,800
(18,354)
37,673
$37,673
($28,535)
1,532
5,230
6,762
($21,773)
F COLUMBIA HEIGHTS MINNESOTA
CIT Y O ,
INSURANCE FUND
Statement 55
BALANCE SHEET
December 31, 1994
With Comparative Amounts For December 31, 1993
1994
1993
Assets
Current assets:
Cash and cash equivalents
$897,375
$752,885
Receivables:
Interest
6,662
2,834
Prepayments
34,850
8,966
Total assets
$938,887
$764,685
Liabilities and Fund Equity
Current liabilities:
Accounts payable
$ -
$3,036
Fund equity:
Retained earnings:
Reserved for insurance
938,887
761,649
r Total liabilities and fund equity
$938,887
$764,685
133
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 56
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1994
With Comparative Amounts For The Year Ended December 31, 1993
Operating revenues:
Insurance allocation
Recovery of damages
Total operating revenues
Operating expenses:
Claims administration
Supplies and services
Claims
Insurance deductible
Total operating expenses
Net income from operations
Nonoperating revenues:
Interest income
Miscellaneous revenues
Total nonoperating revenues
Net income before operating transfers
Operating transfers:
Operating transfers (out)
Net income
Retained earnings - January 1
Retained earnings - December 31
134
$91,961
77,258
$52,749
713
169,219
53,462
3,771
10,952
3,979
3,299
5,347
4,509
4,804
-
17,901
18,760
151,318
34,702
41,325 48,247
- 81,643
41,325 129,890
192,643 164,592
(15,405)
(10,587)
177,238
154,005
761,649
607,644
$938,887
$761,649
r
1
I
CITY OF COLUMBIA HEIGHTS, MINNESOTA
1 INSURANCE FUND Statement 57
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1994
With Comparative Amounts For the Year Ended December 31, 1993
Cash flows from operating activities:
Cash received from damages
$169,219
$54,190
Cash paid to suppliers for goods and services
(46,821)
40,499
IMiscellaneous revenues
-
81,643
Net cash flows from operating activities
122,398
176,332
Cash flows from noncapital financing activities:
Operating transfers (out)
(15,405)
(10,587)
Cash flows from investing activities:
Interest earned on investments
37,497
48,247
Net increase in cash and cash equivalents
144,490
213,992
Cash and cash equivalents - January 1
752,885
538,893
Cash and cash equivalents - December 31
$897,375
$752,885
Reconciliation of operating income to
Net cash flows from operating activities
Operating income
$151,318
$34,702
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
81,643
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
-
728
(Increase) decrease in prepayments
(25,884)
57,033
Increase (decrease) in accounts payable
(3,036)
2,226
Total adjustments
(28,920)
141,630
Net cash flows from operating activities
$122,398
$176,332
135
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:
tDeferred Compensation Fund - used to account for assets held
by deferred compensation trustee.
Permit Surchar eg Fund - used to account for SAC charges and
surcharges 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.
Police/Fire Contingency - used to account for future years'
expenditures related to police and fire.
Compensated Absences - used to account for funds that have
been set aside by the City Council for compensated absences.
137
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIDUCIARY FUNDS
COMBINING BALANCE SHEET
December 31, 1994
Expendable Trust
Flex Police/Fire Compensated Agency
Assets Benefit Contingency Absences Funds
Cash and investments
Receivables:
Interest
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
Designated for subsequent years' expenditures
Undesignated
Total fund balance
Total liabilities and fund balance
138
Statement 58
$7,549 $162,003 $368,399 $10,697 $548,648
37 - 1,846 - 1,883
- - - 1,860,493 1,860,493
$7,586 $162,003 $370,245 $1,871,190 $2,411,024
$2,171 $ -
2,171 0
$ - $1,816
$3,987
- 1,860,493
1,860,493
- 8,412
8,412
- 370,245 - 370,245
- 162,003 - - 162,003
5,415 - - - 5,415
5,415 162,003 370,245 0 537,663
$7,586 $162,003 $370,245 $1,871,190 $2,411,024
CITY OF COLUMBIA HEIGHTS, MINNESOTA
EXPENDABLE TRUST FUNDS
Statement 59
1 COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
For The Year Ended December 31, 1994
Flex
Police/Fire
Compensated
Benefit
Contingency
Absences
Total
Revenues:
Flex withholding
$32,198
$ -
$ -
$32,198
Interest
229
-
11,451
11,680
Forfeiture
315
-
315
Other revenues
7,503
7,503
Total revenues
40,245
0
11,451
51,696
1 Expenditures:
Other services and charges
35,535
-
-
35,535
Revenues over expenditures
4,710
0
11,451
16,161
Other financing sources:
Operating transfers in
-
162,003
150,000
312,003
Net increase in fund balance
4,710
162,003
161,451
328,164
Fund balance - January 1
705
-
208,794
209,499
Fund balance - December 31
$5,415
$162,003
$370,245
$537,663
139
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIDUCIARY FUNDS Statement 60
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -
ALL AGENCY FUNDS
For The Year Ended December 31, 1994
Balance Balance
1/1/94 Additions Deletions 12/31/94
Total All Agency Funds
Assets
Cash and investments:
General account
Payroll account
Total cash and investments
Assets held by deferred compensation trustees
Total assets
Liabilities
Accounts payable
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 Surcharge Agency Fund
Assets
Cash and investments - general account
Liabilities
SAC charges/surcharges payable
Escrow Agency Fund
Assets
Cash and investments:
General account
Payroll account
Total assets
Liabilities
Deposits
Other liabilities:
Payroll deductions payable
Employee activity
Total liabilities
$6,163
$1,534
$ -
$7,697
1,000
2,000
-
3,000
7,163
3,534
0
10,697
1,523,237
337,256
-
1,860,493
$1,530,400
$340,790
$0
$1,871,190
$667
$1,149
$ -
$1,816
1,523,237
337,256
-
1,860,493
5,742
2,670
-
8,412
754
-
285
469
$1,530,400
$341,075
$285
$1,871,190
$1,523,237 $337,256 $ - $1,860,493
$1,523,237 $337,256 $ - $1,860,493
$312 $1,468 $ - $1,780
$312 $1,468 $ - $1,780
$5,851 $66 $ - $5,917
1,000 2,000 - 3,000
$6,851 $2,066 $0 $8,917
$5,742 $2,670 $ - $8,412
220 - 184 36
889 - 420 469
$6,851 $2,670 $604 $8,917
140
1
HOUSING AND REDEVELOPMENT
AUTHORITY COMPONENT UNIT
141
CITY OF COLUMBIA HEIGHTS, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY FUNDS
COMBINING BALANCE SHEET
December 31, 1994
With Comparative Totals For December 31, 1993
142
Governmental Fund Types
Special
Capital
Assets
General
Revenue
Project
Cash and investments
$45,514
$399,679
$ -
Receivables:
Accounts
350
257
-
Taxes
2,348
-
-
Interest
145
517
-
Loans
304,587
-
-
Due from other governmental units
-
150,023
-
Due from other funds
211,210
-
-
Due from primary government
1,430
-
-
Due from developer
-
-
65,000
Prepayments
1,268
5,817
-
Assets held by deferred compensation trustee
-
-
-
Real estate held for resale
21,114
-
-
Fixed assets
-
Amount to be provided for compensated absences
-
-
-
Total assets
$587,966
$556,293
$65,000
Liabilities, Equity and Other Credits
Liabilities:
Accounts payable
$1,715
$54,952
$ -
Accrued salaries and withholdings payable
2,832
-
-
Deferred compensation payable
-
-
-
Due to other governmental units
58
35,772
-
Due to other funds
-
125,067
86,143
Due to primary government
2,983
11,859
-
Deferred revenue
305,944
115
65,000
Deposits
1,852
11,542
-
Insurance and taxes in escrow
4,275
-
-
Compensated absences payable
-
Other liabilities:
Accrued liability for future program income
-
-
-
Total liabilities
319,659
239,307
151,143
Equity and other credits:
Investment in general fixed assets
-
-
-
Fund balance:
Reserved for prepayments
1,268
5,817
-
Reserved for community development
176,163
-
-
Reserved for real estate held for resale
21,114
-
-
Unreserved:
Designated for Business Revolving Loan Fund
43,964
-
-
Designated for maintenance
-
249,577
-
Undesignated
25,798
61,592
(86,143)
Total equity and other credits
268,307
316,986
(86,143)
Total liabilities, equity and other credits
$587,966
$556,293
$65,000
142
Statement 61
Fiduciary
Fund Type
Account Groups
General
General Long-
Totals
Agency
Fixed Assets
Tenn Debt
1994
1993
$ _
$ _
$ -
$445,193
$553,045
-
-
-
607
796
-
2,348
1,790
=
=
662
574
-
-
-
304,587
376,195
-
-
150,023
34,568
=
211,210
167,704
-
-
-
1,430
3,510
-
-
65,000
65,000
-
-
-
7,085
7,544
185,447
-
-
185,447
201,896
-
-
-
21,114
168,528
5,253,888
-
5,253,888
5,122,237
10,403
10,403
10,711
$185,447
$5,253,888
$10,403
$6,658,997
$6,714,098
$ -
$
$ -
$56,667
$31,780
'
=
2,832
6,107
185,447
-
-
185,447
201,896
-
-
35,830
31,202
e
211,210
167,704
-
-
-
14,842
7,648
-
371,059
443,097
_
=
13,394
10,618
-
-
-
4,275
4,191
-
-
10,403
10,403
10,711
-
-
-
-
87,068
185,447
0
10,403
905,959
1,002,022
-
5,253,888
-
5,253,888
5,122,237
-
-
-
7,085
7,544
-
-
-
176,163
170,497
-
-
-
21,114
-
-
-
-
43,964
35,384
-
-
-
249,577
193,004
-
-
-
1,247
183,410
n
5 253 888
0
5,753,038
5,712,076
$185,447
$5,253,888
$10,403
$6,658,997 $6,714,098
143
CITY OF COLUMBIA HEIGHTS, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY FUNDS Statement 62
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES
For The Year Ended December 31, 1994
With Comparative Totals For The Year Ended December 31, 1993
Expenditures:
Personal services
114,483
Special
Capital
Totals
212,304
Supplies
General
Revenue
Project
1994
1993
Revenues:
173,198
356,349
6,289
535,836
407,187
Taxes
$58,232
$ -
$ -
$58,232
$8,607
Intergovernmental
55,799
544,329
-
600,128
240,927
Rents
-
383,204
-
383,204
387,306
Interest
3,184
11,718
-
14,902
17,005
Other
73,427
11,194
2,089
86,710
194,541
Total revenues
190,642
950,445
2,089
1,143,176
848,386
Expenditures:
Personal services
114,483
43,458
-
157,941
212,304
Supplies
2,895
20,050
-
22,945
26,563
Other services and charges
173,198
356,349
6,289
535,836
407,187
Loans and grants
19,861
330,027
-
349,888
162,794
Capital outlay
20,443
146,812
-
167,255
155,327
Total expenditures
330,880
896,696
6,289
1,233,865
964,175
Revenues over (under) expenditures
(140,238)
53,749
(4,200)
(90,689)
(115,789)
Fund balance (deficit) - January 1
408,545
263,237
(81,943)
589,839
705,628
Fund balance (deficit) - December 31
$268,307
$316,986
($86,143)
$499,150
$589,839
144
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.
145
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
For The Year Ended December 31, 1994
General Fixed Assets
Land
Buildings
Improvements other than buildings
Machinery and equipment
Construction in process
Total general fixed assets
Investment in General Fixed Assets by Source
General Obligation Bonds:
Library Bonds of 1966
Municipal Building Bonds of 1959
Park Bonds of 1962
City Garage Bonds of 1972
Capital Improvement Bonds of 1976
Total general obligation bonds
Grants:
Federal E.D.A. and H.U.D.
State
Total grants
Revenue sharing:
Federal
Anoka County
Total revenue sharing
Balance from current revenue and contributions
Total investments in general fixed assets
146
Statement 63 ,
Balance
Balance
1/1/94
Additions
Deletions
12/31/94
$3,132,099
$ -
$ -
$3,132,099
3,068,022
32,429
-
3,100,451
1,443,626
28,161
-
1,471,787
4,357,038
191,235
180,419
4,367,854
603,333
322,210
-
925,543
$12,604,118
$574,035
$180,419
$12,997,734
$90,000 $ - $ - $90,000
150,000 - - 150,000
325,000 - - 325,000
510,000 - - 510,000
929,475 - - 929,475
2,004,475 0 0 2,004,475
526,290 - - 526,290
267,203 - - 267,203
793,493 0 0 793,493
1,752,317 - - 1,752,317
51,550 - - 51,550
1,803,867 0 0 1,803,867
8,002,283 574,035 180,419 8,395,899
$12,604,118 $574,035 $180,419 $12,997,734
1
l J
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
For The Year Ended December 31, 1994
Statement 64
j
Balance
Balance
1/1/94
Additions
Deletions
12/31/94
LGeneral government:
Council
$22,565
$290
$ -
$22,855
Manager
23,723
729
-
24,452
Finance and elections
268,953
2,578
271,531
Assessing
15,097
-
-
15,097
Planning
679
-
679
General government buildings
1
1,123,137
8,791
1,131,928
Total general government
1,454,154
12,388
0
1,466,542
' Public safety:
Police/animal/civil defense
416,817
51,355
24,942
443,230
Fire
409,810
30,248
-
440,058
Inspections
20,380
5,795
-
26,175
Total public safety
847,007
87,398
24,942
909,463
Public works:
Engineering
213,181
13,246
1,775
224,652
Maintenance
1,741,595
73,024
149,751
1,664,868
Total public works
1,954,776
86,270
151,526
1,889,520
Other departments:
Sanitation
652
-
-
652
Parks and recreation
7,373,426
62,108
3,121
7,432,413
Library
350,151
3,661
830
352,982
Cable television
20,619
-
-
20,619
Construction in process
603,333
322,210
925,543
Total other departments
8,348,181
387,979
3,951
8,732,209
Total general fixed assets
$12,604,118
$574,035
$180,419
$12,997,734
1 147
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
December 31, 1994
General government:
Council
Manager
Finance and elections
Assessing
Planning
General government buildings
Total general government
Public safety:
Police/animal/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
.•
Statement 65 ,
$3,132,099 $3,100,451 $1,471,787 $4,367,854 $925,543 $12,997,734
Improvements
Machinery
Other Than
and
Construction
Land
Buildings
Buildings
Equipment
In Process
Total
$ -
$ -
$ -
$22,855
$ -
$22,855
-
-
-
24,452
-
24,452
-
-
-
271,531
-
271,531
-
-
-
15,097
-
15,097
-
-
-
679
-
679
110,920
933,556
19,396
68,056
-
1,131,928
110,920
933,556
19,396
402,670
0
1,466,542
-
-
1,710
441,520
-
443,230
-
24,530
2,199
413,329
-
440,058
-
-
-
26,175
-
26,175
0
24,530
3,909
881,024
0
909,463
-
4,487
2,801
217,364
-
224,652
-
18,750
563,404
1,082,714
-
1,664,868
0
23,237
566,205
1,300,078
0
1,889,520
-
-
-
652
-
652
3,000,179
1,918,169
882,277
1,631,788
-
7,432,413
21,000
200,959
-
131,023
-
352,982
-
-
-
20,619
-
20,619
-
-
-
-
925,543
925,543
3,021,179
2,119,128
882,277
1,784,082
925,543
8,732,209
$3,132,099 $3,100,451 $1,471,787 $4,367,854 $925,543 $12,997,734
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 Funds.
lut,
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STATEMENT OF GENERAL LONG -TERM DEBT
December 31, 1994
Amount Available And To Be Provided For The
Payment Of General Long -Term Debt
Statement 66
Amount available in Debt Service Funds $1,171,524
Amount to be provided for retirement of-
Long-term debt 9,276,169
Liability for compensated absences 373,270
Note payable to HRA 14,463
Total available and to be provided for $10,835,426
General Long -Term Debt Payable
Note payable to HRA $14,463
General Obligation Bonds payable 9,679,721
Accreted interest on Capital Appreciation Bonds 767,972
Liability for compensated absences payable 373,270
Total general long -term debt payable $10,835,426
150
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1994
I
Statement 67
General Obligation Bonds
Year
Principal
Interest
1995
$1,055,000
$392,961
1996
1,155,000
304,268
1997
1,155,000
246,128
' 1998
990,000
190,390
1999
945,000
138,167
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
$9,679,721
$5,832,823
151
LJ11
J
1
CITY OF COLUMBIA HEIGHTS, MINNESOTA ,
t
t
152 1
SUPPLEMENTARY
FINANCIAL
INFORMATION
153
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1994
Tax Increment Bonds
Tax Increment Bonds Series 1
Bonds maturing on or after March 1, 1992 will be subject to
redemption and prepayment at the option of the City in inverse
order on March 1, 1991 and any interest payment date thereafter at
100% of their principal plus accrued interest.
G.O. Tax Increment Refunding Bonds of 1987 Series A
Bonds maturing on or after March 1, 1995 will be subject to
redemption and prepayment in whole or in part in inverse order of
maturity at the option of the issuer on March 1, 1994 and any
interest payment date thereafter at a price of the principal amount
thereof plus accrued interest.
G.O. Tax Increment Capital Appreciation Bonds of 1990
G.O. Tax Increment Refunding Bonds of 1991
All bonds maturing on or after March 1, 2000 shall be subject to
redemption and prior payment in whole or in part at the option of
the issuer on March 1, 1999 and on any day thereafter at a price of
par and accrued interest.
154
Interest Issue
Maturity
Rate Date
Date
6/1/84
3/l/94
3/01-9/01
9.40%
3/01-9/01
6.40%
6.60 %
6.80%
7.00%
7.10%
7.20%
7.30%
7.40%
7.50%
9/01
6.90%
6.95%
7.00%
7.00%
7.10%
7.10%
7.15%
7.15%
3/01-9/01
4.75%
5.00%
5.10%
5.30%
5.50%
5.60%
5.70%
5.80%
6/1/87 3/1/02
8/23/90 9/1/09
11/21/91 3/1/02
Exhibit 1
Page 1 of 2
155
Interest
i Original
Balance
Balance
Paid in
Issue
1/1/94 Sold
Retired 12/31/94
Current Year
' $1,070,000
$160,000 $ -
$160,000 $ -
$7,520
9,090,000
7,245,000 -
7,210,000 35,000
224,858
2,399,721
2,399,721 -
- 2,399,721
-
6,670,000
6,670,000 -
- 6,670,000
353,242
155
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1994
Interest
interest accrued to the date of such deposit
Total General Obligation Tax Increment Bonds
156
Issue Maturity
Date Date
7/1/93 2/1/97
Rate
Tax Increment Bonds (continued)
G O Tax Increment Refunding Bonds of 1993
The City may discharge all bonds which are due on any date by
depositing with the Registrar on or before that date a sum sufficient
3.80%
for the payment thereof in full. If any bond should not be paid
4.40%
when due, it may nevertheless be discharged by depositing with the
4.75%
Registrar a sum sufficient for the payment thereof in full with
5.15%
interest accrued to the date of such deposit
Total General Obligation Tax Increment Bonds
156
Issue Maturity
Date Date
7/1/93 2/1/97
Exhibit 1
Page 2 of 2
157
Interest
Original
Balance
Balance
Paid in
Issue
1/1/94
Sold Retired 12/31/94
Current Year
'
$735,000
$735,000
$ - $160,000 $575,000
$33,300
$19,964,721
$17,209,721
$0 $7,530,000 $9,679,721
$618,920
157
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS Exhibit 2
FOR HOUSING AND REDEVELOPMENT AUTHORITY TAX
INCREMENT FINANCING DISTRICTS
For The Year Ended December 31, 1994
Accounted
Original Amended For in Current Amount
Budget Budget Prior Years Year Remaining
Sources of Funds:
Bond proceeds
Tax increment received
Interest on invested funds
Real estate sales
EDA grant
Revenue sharing
Land sale
Other
Total sources of funds
Uses of Funds:
Land acquisition
Site improvements or preparation costs
Installation of public
utilities and improvements
Other public improvements
Bond payments:
Principal
Interest
Administrative costs
Other
Total uses of funds
Funds remaining (or deficient)
158
$8,175,000
$21,964,721
$22,658,797
$ -
($694,076)
-
-
11,101,715
1,116,034
(12,217,749)
-
-
2,877,231
57,243
(2,934,474)
702,630
753,630
1,309,177
-
(555,547)
1,415,000
1,415,000
1,482,000
-
(67,000)
-
60,000
-
-
60,000
-
7,000
55,000
-
(48,000)
-
340,000
2,420,197
104,611
(2,184,808)
10,292,630
24,540,351
41,904,117
1,277,888
(18,641,654)
4,800,000
7,034,000
7,418,433
-
(384,433)
100,000
475,000
164,891
-
310,109
325,000
478,800
447,296
-
31,504
2,500,000
4,250,000
3,486,364
-
763,636
8,175,000
15,294,721
14,659,289
7,530,000
(6,894,568)
10,031,325
19,248,682
12,195,401
650,720
6,402,561
566,000
1,008,500
1,361,462
35,877
(388,839)
1,299,000
3,789,399
3,313,676
-
475,723
27,796,325
51,579,102
43,046,812
8,216,597
315,693
($17,503,695)
($27,038,751)
($1,142,695)
($6,938,709)
($18,957,347)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
'NOTE - SOURCES OF FUNDS
FOR HOUSING AND REDEVELOPMENT AUTHORITY
TAX INCREMENT FINANCING DISTRICTS
December 31, 1994
Exhibit 3
Note (1) Sources of Funds
Real Estate Land Sales
'
Land
Sale Amount
Date Total Cost*
Propgrty
'
Columbia Heights Office Plaza
Evenson Properties
$133,500
9/77
LaBelle Park Condo No. 1
The Gaughan Companies
137,464
9/77
Columbia Heights Mall
'
Evenson Properties
138,167
1/78
LaBelle Park Condo No. 2
Gaughan Companies
168,498
2/78
'The
LaBelle Park Condo No. 3
The Gaughan Companies
126,000
8/78
' University Heights Housing
1
8/80
Columbia Park Medical Clinic
Park Properties
20,000
10/81
'Columbia
Sullivan Lake Housing
420,000
10/83
Columbia Square
' Northeast Partners
149,459
7/84
Parkview Villa South Housing
7/86
$1,293,089
$6,116,914
'Totals
Note (2) Sources of Funds
Tax Exempt Obligation Issued on Behalf of Private Entities
' Development
Amount
Issue Type
Columbia Heights Office Plaza
Commercial Redevelopment
Properties
$6,000,000
Revenue Bonds Series 1981
'Evenson
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
Columbia Park Medical Clinic
Commercial Development Refunding
Columbia Park Properties
4,785,000
Revenue Bonds Series 1992
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.
'
159
(H
160
CITY OF COLUMBIA HEIGHTS, MINNESOTA
III.
S T A T I S T I C A L
SECTION
161
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUE, TAX CAPACITY, AND Table 1
ESTIMATED ACTUAL VALUE OF ALL TAXABLE PROPERTY (A)
Years 1985 Through 1994
(Unaudited)
fLl c t ll
Ratio of
Total
Assessed/
Tax
c-x
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
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
208,985
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
2.309/o
1991
9,901542
536,614,500
210,051
4,258,500
(510,571)
3,290,306
12,891,328
540,873,000
2.38%
1992
9,503,314
538,522,400
207,255
4,398,000
(609,791)
3,067,799
12,168577
542,920,400
2.24%
1993
9,226574
537,840,800
207,309
4,447,000
(594,265)
2,852,940
11,692,558
542,287,800
2.16%
1994
9,021,129
541,715,800
207,658
4,549,100
(608,080)
2,759,929
11,380,636
546,264,/
2.08%
(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) 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.
162
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX RATES - PER $100 OF TAX CAPACITY
Table 2
Years 1985 Through 1994
(Unaudited)
' Year (A) City
School
County
Metro
Other (B)
Total
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
' 1993 0.23021
0.68142
0.30033
0.04225
0.01018
1.26420
1994 0.26460
0.77730
0.29946
0.05280
0.01488
1.40904
(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.
163
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY TAX LEVY
Table 3
Years 1985 Through 1994
(Unaudited)
Fiscal City Levy
General
Police
Fire
,
Year Total
Fund
Relief
Relief
Library
1985 $1,825,192
$1,662,532
$79,700
$82,960
$ -
1986 1,888,616
1,725,956
79,700
82,960
-
89,700
82,960
-
'
1987 2,181,115
2,008,455
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
-
-
-
1993 3,463,645
3,084,666
-
-
378,979
'
1994 3,548,960
3,158,342
-
-
390,348
164
'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX LEVIES AND TAX
COLLECTIONS
Table 4
Years 1985 Through 1994
(Unaudited)
'
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 Levy*
Period
Period
Period
Collections
to Tax Levy
Taxes
Tax Levy
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`Yo
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
99.00/0
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
' 1993
2,453,972
2,400,802
97.8%
25,753
2,426,555
0.9888:1
123,285
0.05024:1
1994
1,948,860
1,911,949
98.1%
16,381
1,928,330
0.9895:1
79,071
0.04057:1
*
The 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.
165
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
Years 1985 Through 1994
(Unaudited)
Table 5
166
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
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
1993
* 104,941
71,722
68.3%
59,468
59,185
139,047
364,055
1994
* 125,888
85,292
67.8%
39,267
60,229
102,127
304,970
*
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
due. 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.
166
MINNESOTA
CITY OF COLUMBIA HEIGHTS,
GENERAL GOVERNMENTAL REVENUES BY SOURCE (A)
-�
Table 6
Years 1985 Through 1994
(Unaudited)
Special
Fiscal Assessments Licenses Inter- Charges for
Fines and
Miscellaneous
Year . Taxes (B)_ and Permits governmental Services
Forfeitures
Interest
(C)
Total
1985 $2,352,593 $ - $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
1 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
1993 3,593,244 130,454 135,545 3,782,752 464,887
89,464
665,190
136,976
8,998,512
1994 3,674,463 586,129 165,696 3,702,419 447,409
87,225
389,451
259,220
9,312,012
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
�. (B) Beginning in 1987, the Special Assessment Fund Type was eliminated and special assessment
collections were
recorded in
the Debt Service Fund Type.
(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.
167
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (A) I Jf "e Table 7
Years 1985 Through 1994 J
(Unaudited)
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
(B) 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.
•:
Highways
Parks
Fiscal
General
Public
and
and
Debt
Other
Year
Government
Safety
Streets
Sanitation
Recreation
Library
Service
(B)
Total
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
1993
1,441,603
2,679,272
806,990
149,054
1,040,459
374,625
2,963,693
499,702
9,955,398
1994
1,352,543
2,576,987
841,861
100,111
1,037,181
395,821
1,688,796
419,918
8,413,218
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
(B) 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.
•:
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
Year Ended December 31, 1994
Name Official Title
I
Mayor and Council
Joseph Sturdevant Mayor
Gary L. Peterson _ Councilmember
Bruee -G: Nawrocki ��� j l Councilmember
Donald G. Jolly Councilmember
Robert W. Ruettimann Councilmember
IAdministration
Table 8
1
1
1 169
Patrick Hentges
City Manager
Linda Magee
Assistant to City Manager
William Elrite
City Clerk- Treasurer, Finance Director
June Johnston
Assistant Finance Director
Phil Suckerman
Liquor Operations Manager
Jim Hoeft
City Attorney
Mark Winson
Public Works Director, City Engineer
'
LJeonard 76lsm 7-0
Acting Chief of Police
Charles Kewatt
Chief of Fire
Evelyn Nygaard
Building Inspector
Lauren McClanahan
Superintendent of Public Works
Recreation Services Director
M. Rebecca Loader
Librarian
1
1
1 169
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICS Table 9
December 31, 1994 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
473
Storm Sewers
33.6
Sanitary Sewers
59.0
Watermain Miles 66.1
Building Permits Issued
1985
508
1986
513
1987
556
1988
535
1989
473
1990
486
1991
484
1992
515
1993
505
1994
565
Estimated Construction Cost for Issued Permits
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
1993
3,292,353
1994 �
4,522,438
170
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICS
December 31, 1994 C
Table 9
Page 2 of 2
(Unaudited)
Fire Protection
Number of Stations
1
Number of Employees:
Full -time
8
Volunteer
23
Police Protection
Number of Stations
I
Number of Employees
27
Parks
City Parks
13
Playgrounds
11
County Park
I
'
Schools
Senior High
I
Junior High
1
1
Elementary
3
Parochial Elementary
I
Employees (as of December 31, 1994)
Regular
111
Part -time and Temporary
318
429
Elections
Registered, voters - Last City General Election
11,945
Number of Votes Cast - Last City General Election
7,660
Percentage of Registered Voters Voting
64.13%
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
171
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL TAXPAYERS
December 31, 1994
(Unaudited)
Source of Data: Anoka County Auditor's Office
172
% of
Total City
Tax Capacity
Value
2.40%
2.30%
1.90%
1.60%
1.60%
1.60%
1.20%
1.10%
1.00%
0.80%
15.50%
Table 10
Tax Capacity
Taxpayer
Type of Business
Value
Kraus - Anderson, Inc.
Construction
$230,062
Zaidan Holdings, Inc.
Office Building
223,900
State Bank of Aurora
Office Building
186,300
Columbia Park Properties
Medical Building
158,479
Maylan Construction Company
Retail (K -Mart)
156,610
Medtronics, Inc.
Medical Manufacturing
154,951
Consolidated Realty of Minneapolis
Apartments
112,751
Northern States Power
Utility
110,060
Minnegasco
Utility
97,117
Lynde Investment
Apartments
78,398
Total Principal Taxpayers
$1,508,628
Source of Data: Anoka County Auditor's Office
172
% of
Total City
Tax Capacity
Value
2.40%
2.30%
1.90%
1.60%
1.60%
1.60%
1.20%
1.10%
1.00%
0.80%
15.50%
Table 10
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPUTATION OF LEGAL DEBT MARGIN Table 11
December 31, 1994
(Unaudited)
Market Value
Debt Limit Percentage (Note A)
Debt limit
Amount of Debt applicable to debt limit:
Total bonded debt
Less: Tax increment bonds
(Note B) Special assessment bonds
Total amount of debt applicable to debt limit
Legal debt margin
1994/1995 1993/1994
$546,264,900
2%
10,925,298
F 7"�y7a 1
9,679,721
9,679,721
0
$542,287,800
2%
10,845,756
17,209,721
17,209,721
0
$10,925,298 $10,845,756
Note A M.S.A. Section 475.53 (Limit on Debt) Subdivision 1. Generally, except as otherwise provided in Sections
475.51 to 475.75, "no municipality, except a school district or a city of the first class, shall incur or be subject
to a net debt in excess of 2% of the taxable market value."
Note B M.S.A. Section 475.51 (definitions) 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.
1 8. All other obligations which under the provisions of law authorizing their issuance are not to be included in
computing the net debt of the municipality.
173
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT Table 12
December 31, 1994
(Unaudited)
Direct debt:
City of Columbia Heights
Overlapping debt:
Anoka County
Metropolitan Council
Regional Transit District
Totals
174
Net
General
Obligation Debt
$9,679,721
102,820,298
379,505,000
1,400,000.
$493,405,019
Percentage
Applicable
to City
100.0%
Amount
Applicable to
City of
Columbia Heights
Share of Debt
$9,679,721
7.1% 7,300,241
0.6% 2,277,030
0.6% 8,400
$19,265,392
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
Years 1985 Through 1994
(Unaudited)
Fiscal
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
*
Pronertv Value (A
Real
Personal
Total
of Units
Value
$108,671,288
$1,426,869
$110,098,157
113,721,411
1,500,988
115,222,399
114,767,361
1,547, 299
116,314,660
116,314,660
1,679, 868
117,994,528
14,532,465
208,985
14,741,450
10,022,891
212,505
10,235,396
9,901,542
210,051
10,111,593
9,503,314
207,255
9,710,569
9,226,574
207,309
9,433,883
9,021,129
207,658
9,228,787
Amount expressed in thousands.
Table 13
Construction
Number
Bank
of Units
Value
Deposits (B)
508
$4 ,938,226
$ -
513
13,269,300
-
556
4,215,085
-
535
8,916,756
-
473
5,180,247
7,018,831 (C)
486
5,198,200
10,311,528
484
4,894,021
9,923,902
515
2,373,433
10,155,837
505
3,292,353
16,636,883 (D)
565
4,522,438
24,438,648
(A) Estimated assessed (1985 -1987) and tax capacity (1988 -1994) values from Table 1.
(B) Source: Federal Banking Directory
Note: Deposits listed are for Northeast State Bank, Marquette Bank Minneapolis, First Banks, Norwest Bank,
and First Community Credit Union
(C) Figures for First Community Credit Union are not included for 1989.
(D) 1992 amounts were used for First Banks and Norwest because 1993 amounts were not available.
175
1
1
1
176
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RATIO OF NET GENERAL OBLIGATION BONDED DEBT
Table 14
TO ASSESSED VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA
Years 1985 Through 1994
(Unaudited)
Ratio of Net
Bonded
Gross
Debt to
Net Bonded
Fiscal
Assessed
Bonded
Less Debt
Net Bonded
Assessed
Debt Per
Year Population
Value
Debt
Service Fund
Debt
Value
Capita
1985 19,540
$119,037,475
$16,003,999
$2,068,577
$13,935,422
11.71%
$713
1986 19,540
125,079,734
15,678,648
2,009,689
13,668,959
10.93%
700
1987 19,540
126,187,408
23,130,000
13,141,901
9,988,099
7.92%
511
1988 19,540
130,685,327
22,485,000
12,999,367
9,485,633
7.26%
485
1989 19,540
16,494,805
21,770,000
12,665,931
9,104,069
55.19%
466
1990 18,910
12,363,969
16,464,721
5,175,702
11,289,019
91.31%
597
1991 18,910
12,891,328
20,415,165
9,603,694
10,811,471
83.87%
572
1992 18,910
12,168,577
19,059,721
8,916,964
10,142,757
83.35%
536
1993 18,910
11,692,558
17,209,721
7,922,087
9,287,634
79.43%
491
1994 18,910
11,380,636
9,679,721
1,171,524
8,508,197
74.76%
450
1
1
1
176
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
Table 15
FOR GENERAL OBLIGATION BONDED DEBT
TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES
Years 1985 Through 1994
! (Unaudited)
i
Ratio of
Total
Debt Service to
Total
General
General
Fiscal
Debt
Governmental
Governmental
Year Principal
Il
Interest
Service
Expenditures
Expenditures
1985 $ -
$1,138,086
$1,138,086
$5,446,895
20.9%
1 1
I
1986 280,000
1,107,623
1,387,623
5,950,680
23.3%
' t 1987 335,000
1,149,699
1,484,699
7,024,427
21.1%
1988 645,000
1,105,922
1,750,922
9,220,648
19.0%
1989 715,000
1,674,234
2,389,234
9,568,158
25.0%
I 1990 780,000
1,333,923
2,113,923
10,579,583
20.0%
1991 2,895,000
905,604
3,800,604
10,470,518
36.3%
} 1992 1,180,000
1,017,432
2,197,432
9,014,734
24.4%
1993 1,875,000
1,035,788
2,910,788
9,955,398
29.2%
1994 1,015,000
618,920
1,633,920
8,413,218
19.4%
177
CITY OF COLUMBIA HEIGHTS, MINNESOTA
[1
rl
r
178 �
SINGLE AUDIT AND OTHER
REQUIRED REPORTS
179
CH
WHO
CITY OF COLUMBIA HEIGHTS, MINNESOTA
*MUTGES, FREDP `J T�--�1- & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditor's Report on Supplementary Information -
Schedule of Federal Financial Assistance
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, 1994, and have issued our report thereon
dated March 17, 1995 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, Government
Auditing Standards, issued by the Comptroller General of the United States and the provisions of
Office of Management and Budget Circular A -128, Audits of State and Local Governments. Those
standards and OMB Circular 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.
' 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
March 17, 1995
181
4810 White Bear Parkway o White Bear Lake, Minnesota 55110 o 612/426 -7000 o FAX /426 -5004 o Member of HLB International
CH
182
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
For The Year Ended December 31, 1994
Federal Funding Source/
Federal
1994 Activity
Pass Through Agency/
CFDA
Revenue
Program Title
Number
Recognized
Expenditures
City of Columbia Heights:
U.S. Department of Justice:
Direct:
Police Hiring Supplement
16.580
$10,520
$10,520
Passed - through State of Minnesota:
Police Grant
16.579
26,668
26,668
Federal Emergency Management Agency:
Passed - through Anoka County:
Emergency Management Assistance Grant
83.503
3,510
3,510
U.S. Department of Transportation:
Passed - through Anoka County:
State and Community Highway
Safety (ATAC) Grant
20.600
4,584
4,584
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 *
303,455
303,455
Home Investors Partnerships Program
14.239
74,707
74,707
Passed - through Metropolitan Council:
Section 8 Housing Assistance Payments
Program for Administrative Services
14.156
43,903
43,903
Direct:
Comprehensive Improvement Assistance
Program (CIAP) - Modernization Grant and
Operating Subsidy 14.852 166,167 166,167
Total Federal Assistance $633,514 $633,514
* Major Program
183
CH
CITY OF COLUMBIA HEIGHTS, MINNESOTA
r *TA TGES, F EDPATH & CO., LTO.
CERTIFIED PUBLIC ACCOUNTANTS
' Independent Auditor's Report on Compliance With
General Requirements Applicable to Federal
Financial Assistance Programs
To the Honorable Mayor
1 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, 1994, and have issued our report thereon
dated March 17, 1995.
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, 1994:
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
March 17, 1995
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*TA UTG7ES, FREDPA TH & CO., L TO.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditor's Report on Compliance With
Specific Requirements Applicable to Major Federal
Financial Assistance Programs
' T h Honorable Ma
To n or oo y
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, 1994, and have issued our report thereon
dated March 17, 1995.
We have also audited the City of Columbia Heights, Minnesota's compliance with the requirements
governing types of services allowed or unallowed; eligibility; matching, level of effort, or -
earmarking; reporting; special tests and provisions; claims for advances and reimbursements; and
amounts claimed or used for matching that are applicable to each of its major federal financial
assistance programs, which are identified in the accompanying Schedule of Federal Financial
Assistance, for the year ended December 31, 1994. The management of the City of Columbia
Heights, Minnesota is responsible for the City of Columbia Heights, Minnesota's compliance with
those requirements. Our responsibility is to express an opinion on compliance with those
requirements based on our audit.
We conducted our audit of compliance with those requirements 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 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 material noncompliance with the specific
requirements referred to in the second paragraph occurred. An audit includes examining, on a test
basis, evidence about the City of Columbia Heights, Minnesota's compliance with those
requirements. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the City of Columbia Heights, Minnesota complied, in all material respects, with
the specific requirements referred to in the second paragraph that are applicable to each of its major
federal programs for the year ended December 31, 1994.
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
March 17, 1995
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*rAES, FREDPA N H & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditor's Retort on Compliance With
Specific Requirements Applicable to
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, 1994, and have issued our report thereon
' dated March 17, 1995.
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, 1994.
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.
' TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
I March 17, 1995
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j TAU TGES, RE®PA iH & CO., L T®.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditor's Report 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, 1994, and have issued our report thereon
dated March 17, 1995.
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
I Columbia Heights, Minnesota, for the year ended December 31, 1994, 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
I 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
effectiveness of the design and operation of policies and procedures may deteriorate.
' 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. We also performed tests of controls
to evaluate the effectiveness of the design and operation of internal control structure policies and
procedures that we considered relevant to preventing and detecting irregularities that are material to
the general purpose financial statements, and to preventing and detecting misstatements resulting
from illegal acts and other noncompliance matters that have a direct and material effect on the
general purpose financial statements. Our tests were less in scope than would be necessary to
render an opinion on internal control structure policy and procedures. Accordingly, we do not
express such an opinion.
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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.
The City of Columbia Heights, Minnesota's Housing and Redevelopment Authority did not
maintain a comprehensive listing of general fixed assets.
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 not a material
weakness.
Recommendations regarding the above comments as well as other matters we noted involving the
internal control structure and its operation, have been reported to the management of the City of
Columbia Heights, Minnesota in a separate report dated May 3, 1995.
' 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
1 March 17, 1995
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
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, 1994, and have issued our report thereon
dated March 17, 1995. We have also audited the compliance of the City of Columbia Heights,
' Minnesota with requirements applicable to major federal financial assistance programs and have
issued our report thereon dated March 17, 1995.
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
and about whether the City of Columbia Heights, Minnesota complied with laws and regulations,
noncompliance with which would be material to a major federal financial assistance program.
In planning and performing our audits for the year ended December 31, 1994, 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 of the City of Columbia
Heights, Minnesota and on its compliance with requirements applicable to major programs and to
report on the internal control structure in accordance 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 internal control structure policies and procedures relevant to our audit of the general
purpose financial statements in a separate report dated March 17, 1995.
' 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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' For the purpose of this report, we have classified the significant internal control structure policies
Pm'P
and procedures used in administering federal financial assistance programs in the following
' categories:
General Requirements: Specific Requirements:
' Political Activity Allowability of Service
Davis -Bacon Act Eligibility
Civil Rights Special Reporting Requirements
Cash Management Special Tests and Provisions
' Relocation Assistance and Real Property
Acquisition
Federal Financial Reports
Allowable Costs /Cost Principles
Drug -free Work Place
Administrative Requirements
' 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, 1994, the City of Columbia Heights, Minnesota expended
' 74% of its total federal financial assistance under major federal financial assistance programs and
the following nonmajor program: Comprehensive Improvement Assistance Program (CLAP).
' We performed tests of controls, as required by OMB Circular A -128, to evaluate the effectiveness
of the design and operation of internal control structure policies and procedures that we have
considered relevant to preventing or detecting material noncompliance with specific requirements,
general requirements and requirements governing claims for advances and reimbursements and
' amounts claimed or used for matching that are applicable to each of the City of Columbia Heights,
Minnesota's major federal financial assistance programs, which are identified in the accompanying
Schedule of Federal Financial Assistance and the aforementioned nonmajor program. 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.
The Housing and Redevelopment Authority did not maintain a comprehensive listing of general
fixed assets.
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.
ILy
CH
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 not a material weakness.
Recommendations regarding the above comments as well as other matters we noted involving the
internal control structure and its operation, have been reported to the management of the City of
Columbia Heights, Minnesota in a separate report dated May 3, 1995.
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
March 17, 1995
199
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CITY OF COLUMBIA HEIGHTS, MINNESOTA
' TA UTGES, REDPA TH & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
Independent Auditors Report on Compliance
' 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, 1994, and have issued our report thereon
dated March 17, 1995.
' 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, the objective of our audit of the general purpose
' financial statements was not to provide an opinion on overall compliance with such provisions.
Accordingly, we do not express such an opinion.
Reportable noncompliance findings consist of irregularities and illegal acts that are not clearly
inconsequential and instances of other noncompliance that are material to the financial statements.
Irregularities are intentional misstatements or omissions of amounts or disclosures in financial
statements. Illegal acts are violations of laws and regulations. Instances of other noncompliance
include failures to follow requirements or violations of prohibitions contained in contracts or grant
agreements that cause us to conclude that the aggregation of the misstatements resulting from those
failures or violations is material to the financial statements. The results of our tests of compliance
disclosed no reportable noncompliance findings.
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,
emu , 00���`
' TAUTGES, REDPATH & CO., LTD.
Certified Public Accountants
' March 17, 1995
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