HomeMy WebLinkAbout1999 CAFRCOMPREHENSIVE ANNUAL FINANCIAL REPORT
OF THE
CITY OF COLUMBIA HEIGHTS
STATE OF MINNESOTA
FOR THE YEAR ENDED
DECEMBER 31, 1999
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 17
H. FINANCIAL SECTION
Independent Auditor's Report
21
General Purvose Financial Statements
Combined Balance Sheet - All Fund Types and Account Groups
Statement 1
26
Combined Statement of Revenues, Expenditures and Changes in
Fund Balance - All Governmental Fund Types and Expendable Trust Fund
Statement 2
30
Combined Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual - General and Special Revenue Fund Types
Statement 3
32
Combined Statement of Revenues, Expenses and Changes in
Retained Earnings - Proprietary Fund Types
Statement 4
34
Combined Statement of Cash Flows - Proprietary Fund Types
Statement 5
35
Notes to Financial Statements
37
Combinin¢, Individual Fund and Account Grow Financial Statements
General Fund:
Balance Sheet Statement 6 71
Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Statement 7 72
Schedule of Revenues - Budget and Actual Statement 8 74
Schedule of Expenditures - Budget and Actual Statement 9 75
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Economic Development Authority (Component Unit):
Combining Balance Sheet
Reference
Page Number
Special Revenue Funds:
Combining Balance Sheet
Statement 10
80
Combining Statement of Revenues, Expenditures and Changes in Fund Balance
Statement 11
84
Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Statement 35
114
Municipal State Aid Street Fund
Statement 12
88
Cable Television Fund
Statement 13
89
Police/Fire Contingency Fund
Statement 14
90
D.A.R.E. Program
Statement 15
91
Library Fund
Statement 16
92
Federal Police Grant
Statement 17
93
FAST COPS Grant
Statement 18
94
Community Development
Statement 19
95
Statement of Revenues, Expenditures and Changes in
Fund Balance:
COPS MORE 96
Statement 20
96
Juvenile Justice Grant
Statement 21
97
Local Law Enforcement Block Grant
Statement 22
98
COPS Grant Overtime
Statement 23
99
Recreation Contributed Projects
Statement 24
100
Contributed Projects
Statement 25
101
Special Projects
Statement 26
102
Parking Ramp
Statement 27
103
Confiscated Property
Statement 28
104
Housing Mortgage
Statement 29
105
MIF Medtronics
Statement 30
106
C.H.A.S.E
Statement 31
107
Housing and Redevelopment Authority (Component Unit):
Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual
Statement 32
109
Economic Development Authority (Component Unit):
Combining Balance Sheet
Statement 33
110
Combining Statement of Revenues, Expenditures and Changes in
Fund Balance
Statement 34
112
Statement of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual:
Anoka County CDBG
Statement 35
114
Parkview Villa North
Statement 36
115
EDA Administration
Statement 37
116
Section 8 Housing
Statement 38
117
Parkview Villa South
Statement 39
118
Rental Housing
Statement 40
119
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
Debt Service Funds:
Combining Balance Sheet Statement 41 122
Combining Statement of Revenues, Expenditures and Changes in Fund Balance Statement 42 123
Capital Project Funds:
Combining Balance Sheet Statement 43 126
Combining Statement of Revenues, Expenditures and Changes in Fund Balance Statement 44 128
Enterprise Funds:
Combining Balance Sheet Statement 45 132
Combining Statement of Revenues, Expenses and Changes in Retained Earnings Statement 46 134
Combining Statement of Cash Flows Statement 47 136
Water Utility Fund:
Balance Sheet Statement 48 138
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 49 139
Statement of Cash Flows Statement 50 140
Sewer Utility Fund:
Balance Sheet Statement 51 141
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 52 142
Statement of Cash Flows Statement 53 143
Refuse Utility Fund:
Balance Sheet Statement 54 144
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 55 145
Statement of Cash Flows Statement 56 146
Storm Sewer Utility Fund:
Balance Sheet Statement 57 147
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 58 148
Statement of Cash Flows Statement 59 149
Liquor Fund:
Balance Sheet Statement 60 150
Statement of Revenues, Expenses and Changes in Retained Earnings Statement 61 151
Statement of Cash Flows Statement 62 152
Internal Service Funds:
Combining Balance Sheet Statement 63 154
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings Statement 64 155
Combining Statement of Cash Flows Statement 65 156
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
Central Garage Fund:
Balance Sheet
Statement 66
157
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 67
158
Statement of Cash Flows
Statement 68
159
Energy Management Fund:
Balance Sheet
Statement 69
160
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 70
161
Statement of Cash Flows
Statement 71
162
Data Processing Fund:
Balance Sheet
Statement 72
163
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 73
164
Statement of Cash Flows
Statement 74
165
Insurance Fund:
Balance Sheet
Statement 75
166
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 76
167
Statement of Cash Flows
Statement 77
168
Compensated Absences Fund:
Balance Sheet
Statement 78
169
Statement of Revenues, Expenses and Changes in Retained Earnings
Statement 79
170
Statement of Cash Flows
Statement 80
171
Trust and Agency Funds:
Fiduciary Funds:
Combining Balance Sheet
Statement 81
174
Expendable Trust Fund:
Statement of Revenues, Expenditures and Changes in Fund Balance
Statement 82
175
Fiduciary Funds:
Combining Statement of Changes in Assets and Liabilities - All Agency Funds
Statement 83
176
General Fixed Assets Account Group:
Comparative Schedule of General Fixed Assets - By Source
Statement 84
178
Schedule of Changes in General Fixed Assets - By Function and Activity
Statement 85
179
Schedule of General Fixed Assets - By Function and Activity
Statement 86
180
General Long -Term Debt Account Group:
Schedule of General Long -Term Debt
Statement 87
182
Schedule of Debt Service Requirements to Maturity
Statement 88
183
Supplementary Financial Information
Combining Schedule of Bonds Payable
Exhibit 1
186
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
Reference Page Number
III. STATISTICAL SECTION
Assessed Value, Tax Capacity, and Estimated
Actual Value of all Taxable Property
Table 1
190
Tax Rates
Table 2
191
City Tax Levy
Table 3
192
Tax Levies and Tax Collections
Table 4
193
Special Assessment Levies and Collections
Table 5
194
General Governmental Revenues By Source
Table 6
195
General Governmental Expenditures By Function
Table 7
196
Principal City Officials
Table 8
197
Miscellaneous Statistics
Table 9
198
Principal Taxpayers
Table 10
200
Computation of Legal Debt Margin
Table 11
201
Computation of Direct and Overlapping Debt
Table 12
202
Property Value, Construction and Bank Deposits
Table 13
203
Ratio of Net General Obligation Bonded Debt to Assessed Value and Net General
Obligation Bonded Debt Per Capita
Table 14
204
Ratio of Annual Debt Service Expenditures For General Obligation Bonded Debt to Total
General Governmental Expenditures
Table 15
205
Schedule of Revenue Bond Coverage
Table 16
206
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TABLE OF CONTENTS
N. SINGLE AUDIT AND OTHER REQUIRED REPORTS SECTION
Independent Auditor's Report on Compliance with Minnesota
Legal Compliance Audit Guide for Local Governments
Independent Auditor's Report on Compliance and on Internal Control over
Financial Reporting Based on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards
Independent Auditor's Report on Compliance with Requirements Applicable
to each Major Program and Internal Control over Compliance in Accordance
with OMB Circular A -133
Schedule of Findings and Questioned Costs
Schedule of Expenditures of Federal Awards
Independent Auditor's Report on Supplementary Information - Financial Data Schedule
Financial Data Schedule
Reference Page Number
209
211
215
221
237
239
241
I.
INTRODUCTORY SECTION
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
December 31, 1999
Donald G. Jolly
Marlaine Szurek
Julienne Wyckoff
John A. Hunter
CITY COUNCIL
Gary L. Peterson, Mayor
CITY MANAGER
Walter Fehst
FINANCE DEPARTMENT
William J. Elrite, Finance Director
Roxane M. Smith, Assistant Finance Director
N
Councilmember
Councilmember
Councilmember
Councilmember
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
Mayor:
Gary L. Peterson
City of Columbia Heights
Organizational Chart
Councilmembers:
Donald G. Jolly
Marlaine Szurek
Julienne Wyckoff
John Hunter
City Manager:
Walter Fehst
POLICE (Administered by Mayor)
Police Chief: Thomas Johnson
Secretary II
Clerk- Typist II
Police Captain
Sergeants (3)
Corporals (2)
Patrol Officers (20)
Community Service Officers (3)
Support Services
Supervisor Secretary II -A (2)
FIRE
Fire Chief: Charles Thompson
Secretary II (PT)
Clerk Typist II (PT)
Assistant Fire Chief
Firefighters (6)
Volunteer Firefighters (24)
Library Director: M. Rebecca Loader
Adult Services Specialist
Children's Librarian
Clerk- Typist II (2)
Library Supervisor (6 PT)
Page (8 PT)
Choreperson (PT)
PUBLIC WORKS
Public Works Director /City Engineer: Kevin Hansen
Secretary II -A
Clerical /Purchasing Clerk
Assistant City Engineer
Engineering Technician IV
Engineering Technician III
Engineering Technician II
Public Works Superintendent
Foreman (3)
Maintenance III (1)
Maintenance II (9)
Maintenance 1 (6)
Foreman - Vehicle Maintenance
Maintenance 111 - Mechanic
Maintenance III - Bodyman /Painter
Admin. Assistant - Public Works
5
ADMINISTRATION
City Manager's Secretary
Council Secretary"
Asst. to City Manager
Special Projects Coordinator
Assessing Accounting Clerk II
Clerk- Typist II (PT)
Commissions & Boards:
Charter
EDA
Police & Fire Civil Service
Traffic
Telecommunications
Planning & Zoning
Human Services
Park & Recreation
Library
RECREATION
Recreation Director: Keith Windschitl
Clerk- Typist II
Senior Citizen Coordinator
Recreation Program Coordinator (2)
Head Custodian
Custodian II (5 PT)
Custodian 1 (1 PT)
FINANCE
Finance Director /City Clerk/Treasurer:
Secretary II (PT)
Assistant Finance Director
Accounting Coordinator
Payroll /Accounting Clerk
Utilities Accounting Clerk II
Utilities Accounting Clerk I
Liquor Accounting Clerk II (2 PT)
Switchboard Operator /Receptionist
Meter Reader (1 PT)
Liquor Operations Manager
Asst Liquor Operations Manger (2)
Liquor Store Supervisor (4)
Retail Clerks (17 PT)
IS Director
IS Technician
William Einte
COMMUNITY DEVELOPMENT
Community Development Director: Kenneth Anderson
Secretary II
Secretary II
Building Official
Planner
Housing Coordinator
FSS Coordinator
Occupancy Specialist
'Also serves in the capacity of Deputy City Clerk under the City Manager.
(D CITY OF COLUMBIA HEIGHTS, MPiNESOTA
CITY OF COLUMBIA HEIGHTS
590 40TH AVENUE N.E., COLUMBIA HEIGHTS, MN 55421-3878 (61 2) 782 -2800 TDD 782 -2806
June 7, 2000
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, 1999 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, 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 -133 and a Minnesota Legal Compliance Audit. Information related to this
single audit and compliance audit, including the Schedule of Expenditures of Federal Awards, 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) and the Economic Development Authority (EDA) are
included in the reporting entity as component units of the City of Columbia Heights due to the
fact that the governing boards are substantively the same and the City is in a relationship of
financial benefit or burden with the authorities.
THE CITY OF COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BAS �IJS OF DISABILITY IN EMPLOYMENT OR THE PROVISION OF SERVICES
EQUAL OPPORTUN I/fY EMPLOYER
(D CITY OF COLUMBIA HEIGHTS, M NNESOTA
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 has a population of 18,910.
As an older, fully developed suburb of the City of Minneapolis, the management and the
residents of the City of Columbia Heights are faced with the problems of an aging infrastructure
and with increased crime statistics. The City Council and City Management are taking a
proactive approach in dealing with these concerns. In May, 1997, the City Council established a
Scatter Site Redevelopment District which is used to purchase identified substandard housing
throughout the City as they are placed on the market. One site had been acquired in 1998 and
demolished in 1999. Two additional sites were acquired in late 1999. The 1999 Alley
Construction Program provided for the hard surfacing of all raw or unpaved alleys in the City.
The first phase of the Storm Sewer Improvements was started in 1999 with major work occurring
in Prestemon Park and three other areas of town. The Police Department continued to apply for,
and receive, federal and state grants to assist in their community policing efforts.
The completion of Medtronic Corporation's expansion has resulted in continuing additional job
opportunities in the City.
Overall, employment in the City has remained stable.
The City is actively promoting the expansion and creation of new businesses in the City by
providing loans to qualified businesses through the HRA Business Revolving Loan Fund.
MAJOR INITIATIVES
For the Year
The Public Works Department had several major initiatives during 1999. One major
accomplishment was the certification of the City's Municipal State Aid system. This will allow
the City to utilize a portion of the annual allotment, up to $200,000, for the Street Rehabilitation
Program. The 1999 Alley Construction Program was initiated to provide for the hard surfacing
of all raw or unpaved alleys in the City. The first phase of the Storm Sewer Improvements was
started in 1999 with major work occurring in Prestemon Park and three other areas of town.
The Police Department's Community Policing Program continued to grow during 1999 through
neighborhood picnics, landlord training, McGruff House program, graffiti cleanup program and
an exciting new program called sector community policing.
The Police Department's relationships with key components of the community continues to
expand. Their continued work with the local school district, their support and involvement with
Values First, and their continued use of programs such as DARE, Project Safety Net, and a new
truancy initiative assisted with this ongoing development.
6
The Community Development Department has continued with the initiatives that were started in
1998. Those include the process of updating the Comprehensive Plan, rewriting the Zoning
Ordinance, and undertaking a Master Redevelopment Plan for Columbia Heights.
For the Future
Grants
The Public Works Department was successful in securing MnDot Cooperative Project Funds for
the Reconstruction of Central Avenue from 37d'to 43rd Avenues with actual construction
projected for 2001.
In addition, the Police Department was successful in obtaining a $92,000 federal grant that will
assist them with assaults in our school system. This is one of the many programs which will
assist with the problem of violence in our local schools.
Comprehensive Plan Update
The City of Columbia Heights is in the process of updating its Comprehensive Plan which is a
document that lays out goals and policies used by City officials to guide decision - making. It
covers many aspects of City government, including: land use, housing, public facilities,
transportation, parks, sidewalks and trails, population and employment, and community image.
In response to issues that were raised during community meetings held in 1998, draft goals,
policies, and strategies were developed. Staff has been working with a consulting group and a 13
member planning advisory committee in preparation of this plan. It is anticipated that the plan
will be complete in June, 2000.
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 is compiled to allow for the
preparation of financial statements in conformity with generally accepted accounting principles.
The internal control structure is designed to provide reasonable, but not absolute, assurance that
these objectives are met. The concept of reasonable assurance recognizes that: 1) the cost of a
control should not exceed the benefits likely to be derived; and 2) the valuation of costs and
benefits requires estimates and 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 1999 totaled $13,002,515, which is an decrease of 5% from 1998.
Property taxes received for the City produced 34% of general revenues compared to 33% in
1998. The amount of revenues from various sources and their changes from last year are shown
below:
Revenue Source
Taxes
Special assessments
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeitures
Investment income
Other revenue
Total revenues
Amount
of Increase
Percent (Decrease)
Amount of Total from 1998
$4,413,680
34%
($36,153)
399,300
3%
(143,808)
401,158
3%
111,747
5,282,867
41%
(106,193)
1,029,899
8%
(137,777)
100,161
1%
(21,697)
204,141
1%
(562,986)
1,171,309
9%
243,951
13,002,515
100%
(652,916)
The decrease in special assessments is due to various factors including, the size of the
construction zones have been reduced resulting in a smaller number of assessments, a reduction
in the percentage of costs levied to the citizens, and the prepayment of assessments in previous
years.
The increase in licenses and permits revenue is due primarily to an increase in building permits.
This increase is attributable to the increase in building permits due in part to the continuing
remodel and additions to ISD #13 and the remodel of Rainbow Foods.
The decrease in intergovernmental revenue is due primarily to the decreased revenue in the
Section 8 program based on the decision to transfer the Section 8 program to Metro HRA.
The decrease in charges for services is due in part to full repayment of the ACCAP loan to the
Anoka County CDBG program in 1998. There were no such repayments in 1999.
The decrease in investment income is due to a decline in the fair value of the City's investments
at December 31, 1999. This decline is related primarily to the government securities for which
the principal remained intact. It is the City's policy to hold government securities until maturity.
Therefore, unless the City liquidates the investments prior to maturity, it is expected that the
decline in fair value is temporary and will be recovered in future periods.
The expenditures for City general government functions (General, Special Revenue, Debt
Service, and Capital Projects Funds) during 1999 totaled $12,721,113 which is a decrease of 5%
from 1998. The total expenditures for major City functions and their changes from last year are
shown below:
Expenditure Function
General government
Public safety
Public works
Sanitation
Parks and recreation
Library
Other & contingencies
Capital outlay
Debt service
Total expenditures
Amount
of Increase
Percent (Decrease)
Amount of Total from 1998
$1,548,597
12%
$99,121
2,838,483
22%
162,939
1,023,373
8%
105,827
105,420
1%
(11,396)
1,216,028
10%
(7,093)
487,292
4%
16,052
2,056,889
16%
(326,113)
2,174,037
17%
(534,703)
1,270,994
10%
(143,265)
$12,721,113
100%
($638,631)
The decrease in other expenditures and contingencies is due in part to a decrease in expenditures
in the Municipal State Aid on construction projects and decreased expenditures in the Section 8
Fund based on the decision to transfer this program to Metro HRA.
The decrease in capital outlay is due to the Municipal State Aid decrease in construction projects
in 1999.
General Fund Balance
The fund balance of the General Fund increased by $271,734 or 5.7 %. The total fund balance of
$5,015,965 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, refuse, storm sewer utilities and
municipal liquor operations.
Total sales from the City's off -sale liquor locations amounted to $6,669,376 in 1999. This
resulted in a total net operating income of $503,455.
During the year, the City Council designated funds from the water, sewer, storm sewer and liquor
funds for capital improvements.
12
Enterprise Information
Water, sewer, and refuse utilities experienced operating income during 1999. The storm sewer
utility experienced an operating loss during the year:
The water utility fund experienced an operating income of $68,945 for 1999.
The sewer utility fund experienced an operating income of $200,580 for 1999.
The refuse utility fund experienced an operating income of $72,820 for 1999.
The storm sewer utility fund experienced an operating loss of $388 for 1999.
Internal Service Funds
The City maintains five Internal Service Funds - the Central Garage Fund, the Energy
Management Fund, the Data Processing Fund, the Insurance Fund and the Compensated
Absences 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.
The Energy Management Fund was established to account for energy maintenance and
improvements to 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 account for certain costs of the City's risk management services and to build a reserve for
catastrophe losses.
The Compensated Absences Fund was established to account for terminal leave benefits for
governmental funds. This fund was established in 1996 and the related liability was removed
from the general long term debt group to this fund for accounting purposes.
Trust and Agency Funds
The Trust Fund is used to account for assets held by the City in a trustee capacity. The City has
an expendable trust fund for flex benefits.
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 permit surcharge and escrow.
13
Cash Mana e
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 1.88 %.
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.
Debt Administration
At December 31, 1999, the City has four debt issues outstanding. These issues included
$4,379,721 of General Obligation Tax Increment Bonds, $860,000 of General Obligation _.
Improvement Bonds and $1,935,000 of General Obligation Utility Revenue Bonds.
Risk Mana egment
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 for catastrophe
losses. 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 HLB Tautges Redpath, 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 -133. 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 of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of
Columbia Heights, Minnesota for its Comprehensive Annual Financial Report for the year ended
December 31, 1999. The Certificate of Achievement is a prestigious national award recognizing
conformance with the highest standards for preparation of a state and local government financial
reports.
14
In order to be awarded a Certificate of Achievement, a government unit must publish an easily
readable and efficiently organized Comprehensive Annual Financial Report, whose contents
conform to program standards. The CAFR must satisfy both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our current
report continues to conform to the Certificate of Achievement program requirements, and we are
submitting it to the GFOA.
Acknowledgments
The preparation of the Comprehensive Annual Financial Report on a timely basis was made
possible by the dedicated service of the entire staff of the Finance Department. Each member of
the department has our sincere appreciation for the contributions made in the preparation of this
report.
In closing, without the leadership and support of the City Manager and City Council, preparation
of this report would not have been possible.
Sincerely,
t
William J. Elrite
Finance Director r/
Roxane M. Smith
Assistant Finance Director
15
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
16
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, 1998
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.
=�UNITEU STATES y 4rZ �C
CANAUA c
CORPORATIIN .s President
CHICAGG r ���
Executive Director
17
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA --
18
II.
FINANCIAL SECTION
19
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
20
Tautges Redpath, Ltd.
Certified Public Accountants and Consultants
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, 1999 as listed in
the table of contents. These general purpose financial statements are the responsibility of the
City of Columbia Heights, Minnesota's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards and the
standards applicable to financial audits contained in 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, 1999, and the results of its operations and the cash flows of its proprietary fund
types for the year then ended in conformity with generally accepted accounting principles.
In accordance with Government Auditing Standards, we have also issued a report dated
March 22, 2000 on our consideration of the City of Columbia Heights, Minnesota's internal
control over financial reporting and on our tests of its compliance with certain provisions of
laws, regulations, contracts, and grants. That report is an integral part of an audit performed
in accordance with Government Auditing Standards and should be read in conjunction with
this report in considering the results of our audit.
Our audit was performed for the purpose of forming an opinion on the general purpose
financial statements of the City of Columbia Heights, Minnesota taken as a whole. The
accompanying schedule of expenditures of federal awards as required by U.S. Office of
Management and Budget Circular A -133, Audits of States, Local Governments, and Non-
4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004
HLB ?autges Redpath, Ltd is a member of ® IntematianaI. A world -wide organization of accounting firms and business advisers.
21
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
22
Profit Organizations, along with 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 stated in all material respects, in relation to the
general purpose financial statements taken as a whole.
March 22, 2000
;Iao4<o-
HLB TAUTGES REDPATH, LTD.
Certified Public Accountants
23
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
24
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.
25
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET -
ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1999
With Comparative Totals For December 31, 1998
Assets
Cash and investments
Receivables:
Accounts
Special assessments
Taxes
Interest
Loans
Due from other governmental units
Due from other funds
Prepayments
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
Total assets
$5,283,981 $4,908,509 $1,948,062 $5,782,754
The accompanying notes are an intep ral part of these financial statements.
;6
Governmental Fund Types
Special
Debt
Capital
General
Revenue
Service
Project
$4,672,396
$3,333,278
$1,727,263
$4,964,944
11,129
47,989
-
-
-
-
-
689,376
150,809
5,649
115,290
-
47,494
31,937
10,338
50,875
-
94,125
-
2,959
63,499
437,676
-
-
332,000
854,379
95,171
-
6,654
3,533
-
_
-
99,943
-
74,600
$5,283,981 $4,908,509 $1,948,062 $5,782,754
The accompanying notes are an intep ral part of these financial statements.
;6
Statement I
Page l of 2
Proprietary
Fiduciary
Fund Types
Fund Type
Account Groups
Totals
Internal
Trust and
General
General Long-
(Memorandum Only)
Enterprise
Service
Agency
Fixed Assets
Term Debt
1999
1998
$4,808,785
$1,727,795
$41,152
$ -
$ -
$21,275,613
$19,720,525
853,498
2,021
-
-
-
914,637
843,641
_
_
_
_
_
689,376
691,627
_
_
_
_
-
271,748
293,209
62,562
19,826
269
-
-
223,301
169,103
-
-
_
_
_
97,084
131,363
309,269
-
-
-
-
810,444
568,957
1,132,662
-
-
-
-
2,414,212
2,748,388
-
58,239
-
-
-
68,426
145,046
659,305
61,606
-
-
-
720,911
724,397
_
_
_
_
_
174,543
174,543
6,241,383
268,064
-
20,975,683
-
27,485,130
25,020,899
_
_
_
-
455,457
455,457
644,112
_
-
6,858,023
6,858,023
6,455,965
$14,067,464
$2,137,551
$41,421
$20,975,683
$7,313,480
$62,458,905
$58,331,775
The accompanying notes are an integral part of these financial statements.
27
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED BALANCE SHEET -
ALL FUND TYPES AND ACCOUNT GROUPS
December 31, 1999
With Comparative Totals For December 31, 1998
Liabilities, Equity and Other Credits
Liabilities:
Accounts payable
Claims payable
Accrued salaries and withholdings payable
Contracts payable - retained percentage
Capital lease payable
Due to other governmental units
Due to other funds
Deferred revenue
Accrued interest payable
Accreted interest payable
Deposits
Insurance and taxes in escrow
Bonds payable
Compensated absences payable
Other liabilities
Total liabilities
Equity and other credits:
Contributed capital
Investment in general fixed assets
Retained earnings:
Reserved:
Reserved for insurance
Reserved for capital improvements
Unreserved
Fund balance (deficit):
Reserved:
Reserved for prepayments
Reserved for real estate held for resale
Reserved for program expenditures
Unreserved:
Designated for subsequent years' expenditures
Designated for working capital
Designated for maintenance
Designated for debt service
Designated for capital improvements
Undesignated
Total equity and other credits
Total liabilities, equity and other credits
6,654 3,533 - -
- 99,943 - 74,600
627,725 - -
39,537
Governmental Fund Types
-
53,452
Special
Debt
Capital
General
Revenue
Service
Project
$51,094
$38,072
$83,410
$88,730
34,029
4,401
-
1,516
-
23,620
-
17,311
79,128
34,274
-
-
-
580,232
949,550
884,430
103,465
167,238
105,723
687,685
300
20,397
-
7,000
-
200
-
-
268,016
868.434
1,686,672
1,138,683
6,654 3,533 - -
- 99,943 - 74,600
627,725 - -
39,537
853,537
-
53,452
3,871,175
224,160
-
-
-
601,857
-
-
-
-
890,986
-
140,052
-
-
359,948
958,547
1,629,320
(81,607)
3,608,082
5,015,965
4,040,075
809,379
4,096,082
$5,283,981
$4,908,509
$1,948,062
$5,782,754
The accompanying notes are an integral pan of these financial statements.
28
Statement 1
Page 2 of 2
Proprietary
Fiduciary
_ - 4,095,335
3,692,264
_ _ 601,857
Fund Types
_ - 890,986
Fund Type
Account Groups
Totals
- - 22,231 - - 6,136,573
5,762,325
Internal
Trust and
General General Long-
(Memorandum Only)
Enterprise
Service
Agency
Fixed Assets Term Debt
1999
1998
$408,839
$39,964
$7,875
$ - $ -
$717,984
$675,694
-
200,000
-
- -
200,000
200,000
96,027
22,877
-
- -
158,850
408,415
131,168
-
-
- -
172,099
25,723
-
58,907
-
- -
58,907
172,822
115,180
-
-
- -
228,582
263,863
_
_
_
_ -
2,414,212
2,748,388
_
_
_
_ -
1,064,111
1,043,776
55,796
296
-
- -
56,092
868
-
-
-
- 2,073,759
2,073,759
1,775,356
3,744
-
4,250
- -
35,691
26,491
_
_
_
_ _
200
232
1,935,000
-
-
- 5,239,721
7,174,721
5,324,721
-
452,381
-
- -
452,381
471,029
-
-
7,065
- -
7,065
3,048
2,745,754
774,425
19,190
0 7,313,480
14,814,654
13,140,426
1,115,672 188,849 - -
- - - 20,975,683
- 731,301 - -
4,297,143 26,968 - -
5,908,895 416,008 - -
1,304,521 1,369,750
- 20,975,683 20,390,262
731,301 779,399
4,324,111 2,518,376
6,324,903 7,565,171
10,187 12,777
174,543 174,543
627,725 499,934
_ 946,526
828,224
_ - 4,095,335
3,692,264
_ _ 601,857
530,719
_ - 890,986
752,279
_ _ - 500,000
315,326
- - 22,231 - - 6,136,573
5,762,325
11,321,710 1,363,126 22,231 20,975,683 0 47,644,251
45,191,349
$14,067,464 $2,137,551 $41,421 $20,975,683 $7,313,480 $62,458,905
$58,331,775
The accompanying notes are an integral part of these financial statements.
29
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
The accompanying notes are an integral part of these financial statements.
30
Governmental Fund Types
Special
Revenues:
General
Revenue
Taxes
$2,658,598
$656.557
Special assessments
_
_
Licenses and permits
401,158
-
Intergovetnmental
3,517,281
1,765,586
Charges for services
376,397
653.502
Fines and forfeitures
100,161
-
Investment income:
Interest and dividends
236,850
173,728
Change in fair value
(174,144)
(117,107)
Other revenues
17,596
216,006
Total revenues
7,133,897
3,348,272
Expenditures:
Current:
General government
1,548,597
-
Public safety
2,838,483
-
Public works
1,023,373
-
Sanitation
105,420
-
Parks and recreation
1,125,999
90,029
Library
-
487,292
Other
-
2,052,208
Contingencies
4,681
-
Capital outlay
124,068
325,140
Debt service
Total expenditures
6,770,621
2,954,669
Revenues over (under) expenditures
363,276
393,603
Other financing sources (uses):
Proceeds from bonds
Operating transfers in
433,706
618,923
Operating transfers (out)
(557,537)
(567,575)
Total other financing sources (uses)
(123,831)
51,348
Net increase (decrease) in fund balance
239,445
444,951
Fund balance - January 1, as previously stated
4,744,231
3,627,413
Prior period adjustment/restatements
_
-
Fund balance - January 1, as restated
4,744,231
3,627,413
Residual equity transfers
32,289
(32,289)
Fund balance - December 31
$5,015,965
$4.040,075
The accompanying notes are an integral part of these financial statements.
30
Statement 2
Fiduciary
Governmental Fund Types Fund Type
Debt Capital Expendable Totals (Memorandum Only)
Service Project Trust 1999 1998
$1,098,525
53,724
(37,907)
9,250
1,123,592
1,270,994
1,270,994
(147,402)
1,521,625
(1,208,956)
312,669
165,267
644,112
644,112
$809,379
399,300
255,543
(186,546)
928,457
1,396,754
1,724,829
1,724,829
(328,075)
853,120
856,456
(817,674)
891,902
563,827
3,532,255
3,532,255
$4,096,082
33,298
1,397
(986)
33,709
31,858
31,858
1,851
0
1,851
20,380
20,380
$4,413,680
399,300
401,158
5,282,867
1,063,197
100,161
721,242
(516,690)
1,171,309
13,036,224
1,548,597
2,838,483
1,023,373
105,420
1,216,028
487,292
2,084,066
4,681
2,174,037
1,270,994
12,752,971
283,253
853,120
3,430,710
(3,151,742)
1,132,088
1,415,341
12,568,391
12,568,391
$22,231 $13,983,732
The accompanying notes are an integral part of these financial statements.
31
$4,449,833
543,108
289,411
5,389,060
1,196,842
121,858
643,069
125,354
927,358
13,685,893
1,449,476
2,675,544
917,546
116,816
1,223,121
471,240
2,410,188
262
2,708,740
1,414,259
13,387,192
298,701
2,441,327
(2,044,346)
396,981
695,682
11,953,344
(80,635)
11,872,709
$12,568,391
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL AND SPECIAL REVENUE FUND TYPES
For The Year Ended December 31, 1999
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeits
Investment income:
Interest and dividends
Change in fair value
Other revenues
Total revenues
Expenditures:
Current:
General government
Public safety
Public works
Sanitation
Parks and recreation
Library
Other
Contingencies
Total current expenditures
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
Residual equity transfers
Fund balance - December 31
Budget
$2,660,059
197,100
3,516,503
358,178
130,000
150,000
11,320
7,023,160
1,599,788
2,958,198
1,085,296
123,117
1,276,441
25,100
7,067,940
151,974
7,219,914
General
Actual
$2,658,598
401,158
3,517,281
376,397
100,161
236,850
(174,144)
17,596
7,133,897
1,548,597
2,838,483
920,395
105,420
1,125,999
4,681
6,543,575
227,046
6,770,621
(196,754) 363,276
434,823
(547,394)
(112,571)
($309,325)
433,706
(557,537)
(123.831)
239,445
4,744,231
32,289
$5,015,965
The accompanying notes are an integral part of these financial statements.
32
Over
(under)
Budget
($1,461)
204,058
778
18,219
(29,839)
86,850
(174,144)
6,276
110,737
(51,191)
(119,715)
(164,901)
(17,697)
(150,442)
(20,419)
(524,365)
75,072
(449,293)
560,030
(1,117)
(10,143)
(11,260)
$548,770
Snecial Revenue
Over
(under)
Budget Actual Budget
$658,805 $656,557 ($2,248)
2,384,573 1,281,222 (1,103,351)
569,524 590,556 21,032
102,477
209,184
3,924,563
500,731
2,875,589
3,376,320
553,545
3,929,865
(5,302)
301,139
(259,934)
41,205
$35,903
149,268
(99,848)
158,435
2,736,190
488,761
1,857,784
2,346,545
303,271
2,649,816
86,374
607,567
(566,362)
41,205
127,579
2,310,299
(497)
$2,437,381
46,791
(99,848)
(50,749)
(1,188,373)
(11,970)
(1,017,805)
(1,029,775)
(250,274)
(1,280,049)
91,676
306,428
(306,428)
0
$91,676
Totals (Memorandum Only)
1999
Budget
$3,318,864
197,100
5,901,076
927,702
130,000
252,477
220,504
10,947,723
1,599,788
2,958,198
1,085,296
123,117
1,276,441
500,731
2,875,589
25,100
10,444,260
705,519
11,149,779
(202,056)
735,962
(807,328)
(71,366)
($273,422)
Actual
$3,315,155
401,158
4,798,503
966,953
100,161
386,118
(273,992)
176,031
9,870,087
1,548,597
2,838,483
920,395
105,420
1,125,999
488,761
1,857,784
4,681
8,890,120
530,317
9,420,437
449.650
1,041,273
(1,123,899)
(82,626)
367,024
7,054,530
31.792
$7,453,346
The accompanying notes are an integral part of these financial statements.
33
Statement 3
Over
(under)
Budget
($3,709)
204,058
(1,102,573)
39,251
(29,839)
133,641
(273,992)
(44,473)
(1,077,636)
(51,191)
(119,715)
(164,901)
(17,697)
(150,442)
(11,970)
(1,017,805)
(20,419)
(1,554,140)
(175,202)
(1,729,342)
651.706
305,311
(316,571)
(11,260)
$640,446
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, 1999
With Comparative Totals For The Year Ended December 31, 1998
Operating revenues:
Charges for services
Charges for sales
Total operating revenues
Operating expenses:
Costs of sales, services, and goods sold
Operating expense
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Change in fair value
Intergovernmental
Miscellaneous revenues
Interest expense
Interest and fiscal charges
Miscellaneous expenses
Total nonoperating revenues (expenses)
Net income (loss) before operating transfers
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income (loss)
Credit for depreciation on contributed assets
Net increase (decrease) in retained earnings
Retained earnings - January 1, as previously stated
Prior period adjustment/restatements
Retained earnings - January 1, as restated
Retained earnings - December 31
Internal
Enterprise Service
Totals
(Memorandum Only)
1999 1998
$2,603,095
$850,407
$3,453,502
$3,373,286
7,961,347
46,653
8,008,000
7,658,996
10,564,442
897,060
11,461,502
11,032,282
8,591,519
983,579
9,575,098
8,919,982
907,136
82,326
989,462
1,694,183
220,375
148,598
368,973
358,596 -
9,719,030
1,214,503
10,933,533
10,972,761
845,412
(317,443)
527,969
59,521
362,473
103,029
465,502
360,108
(229,396)
(72,696)
(302,092)
65,761
63,837
-
63,837
62,340
68,678
3,686
72,364
91,180
-
(6,003)
(6,003)
(10,706)
(77,600)
-
(77,600)
-
(12,869)
-
(12,869)
(140,818)
175,123
28,016
203,139
427,865
1,020,535
(289,427)
731,108
487,386
3,148,907
314,808
3,463,715
988,045
(3,672,775)
(69,908)
(3,742,683)
(1,385,026)
(523,868)
244,900
(278,968)
(396,981)
496,667
(44,527)
452,140
90,405
65,229
-
65,229
65,229
561,896
(44,527)
517,369
155,634
9,644,142
1,218,804
10,862,946
10,747,025
-
-
-
(39,713)
9,644,142
1,218,804
10,862,946
10,707,312
$10,206,038
$1,174,277
$11,380,315
$10,862,946
The accompanying notes are an integral part of these financial statements.
34
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINED STATEMENT OF CASH FLOWS
PROPRIETARY FUND TYPES
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
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 noneapital financing activities:
Operating transfers in
Operating transfers (out)
Net cash flows from noneapital financing activities
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Disposition of fixed assets
Proceeds from sale of bonds
Interest expense
Interest and fiscal charges
Net cash flows from capital and related financing activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
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 accounts receivable
(Increase) decrease due from other governmental units
(Increase) decrease due from other funds
(Increase) decrease prepayments
(Increase) decrease inventory, at cost
Increase (decrease) accounts payable
Increase (decrease) in claims payable
Increase (decrease) accrued salaries and withholdings payable
Increase (decrease) in contracts payable - retained percentage
Increase (decrease) due to other governmental units
Increase (decrease) due to other funds
Increase (decrease) capital lease payable
Increase (decrease) accrued interest payable
Total adjustments
Net cash flows from operating activities
Statement 5
Internal Totals
Enterprise Service (Memorandum Only)
Funds Funds 1999 1998
$10,918,120
$895,607
$11,813,727
$10,527,306
(8,387,276)
(904,995)
(9,292,271)
(9,271,665)
(939,059)
(251,355)
(1,190,414)
(1,120,980)
132,516
3,686
136,202
153,520
(12,869)
-
(12,869)
(140,818)
1,711,432
(257,057)
1,454,375
147,363
3,148,907
314,808
3,463,715
988,045
(3,672,775)
(69,908)
(3,742,683)
(1,385,026)
(523,868)
244,900
(278,968)
(396,981)
(2,202,223)
(45,560)
(2,247,783)
(252,794)
-
-
54
1,961,646
1,961,646
-
(6,003)
(6,003)
(10,706)
(48,450)
(48,450)
(289,027)
(51,563)
(340,590)
(263,446)
336,549
98,262
434,811
363,759
(229,396)
(72,696)
(302,092)
65,761
107,153
25,566
132,719
429,520
1,005,690
(38,154)
967,536
(83,544)
3,803,095
1,765,949
5,569,044
5,692,301
-
-
-
(39,713)
3,803,095
1,765,949
5,569,044
5,652,588
$4,808,785
$1,727,795
$6,536,580
$5,569,044
$845,412
($317,443)
$527,969
$59,521
132,516
3,686
136,202
153,520
(12,869)
-
(12,869)
(140,818)
220,375
148,598
368,973
358,596
(49,866)
(1,453)
(51,319)
21,328
25,205
25,205
86,780
378,339
-
378,339
(613,085)
59,147
14,883
74,030
(68,144)
(9,235)
12,720
3,485
23,638
151,956
23,109
175,065
49,484
-
-
-
200,000
(26,663)
(26,670)
(53,333)
24,390
117,418
117,418
-
(18,735)
(18,735)
370
(101,568)
(101,568)
101,568
(113,915)
(113,915)
(108,910)
-
(572)
(572)
(875)
866,020
60,386
926,406
87,842
$1,711,432
($257,057)
$1,454,375
$147,363
The accompanying notes are an in e ral part of these financial statements.
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
36
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Columbia Heights was incorporated in 1898. The City is governed by a Council composed of
an elected mayor and four councilmembers. The Council exercises legislative authority and determines all
matters of policy. The Manager, who is appointed by the Council, is responsible for the proper
administration of all 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
The component units discussed below are included in the City's reporting entity because of the
significance of their operational or financial relationships with the City.
The City of Columbia Heights has two component units - the Housing and Redevelopment
Authority (HRA) and the Economic Development Authority (EDA). The HRA and the EDA are
considered component units because the governing boards are substantively the same as that of the
City and because the City is in a relationship of financial benefit or burden with each of the
entities.
The financial position and results of operations of the HRA and the EDA component units are
presented using the blended method. Blended component units, although legally separate entities,
are, in substance, part of the City's operations and as such are reported as Special Revenue Funds.
The component units include Governmental Funds using the modified accrual basis of accounting.
Separate financial statements for the HRA and EDA are not prepared.
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.
37
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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.
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.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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 and Expendable Trust 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 investment income.
Expenditures are recognized under the modified accrual basis of accounting when a liability is
incurred, except for principal and interest on general long -term obligations which are recognized
when due. Compensated absences are considered expenditures when paid to employees..
Proprietary Funds are accounted for using the "capital maintenance" measurement focus and are
reported on the accrual basis of accounting. Revenues are recognized when they are earned and
expenses are recorded at the time liabilities are incurred. 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.
39
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Amounts shown in the financial statements represent the original budgeted amounts and the
following increases in appropriations:
General Fund
$70,532
The City did not budget for all Special Revenue Funds and, accordingly, the applicable columns of
the Combined Statement of Revenues, 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:
Fund Balance
Financing
Residual
Fund Balance
December 31,
Total
Total
Sources
Equity
December 31,
1998
Revenues
Expenditures
(Uses)
Transfer
1999
Special Revenue Funds:
Budgeted funds
$2,310,299
$2,736,190
$2,649,816
$41,205
($497)
$2,437,381
Unbudgeted funds:
Federal Police Grant
31,792
-
-
-
(31,792)
-
Cops MORE 96 Grant
3,458
19,856
19,974
-
3,340
Juvenile Justice Grant
872
10,918
12,863
2,305
1,232
Local Law Enforcement Block Grant
(448)
22,104
30,830
7,838
(1,336)
Cops Overtime Grant
(1,007)
18,850
18,761
-
(918)
Recreation Contributed Projects
36,679
38,818
30,776
44,721
Contributed Projects
15,080
18,685
11,449
(1,213)
21,103
Special Projects
101,002
53,570
-
154,572
Parking Ramp
658,387
4,379
-
662,766
Confiscated Property
(1,173)
29
1,213
69
Housing Mortgage
471,899
447
-
-
472,346
MIF Medtronics
723
356,072
115,346
241,449
CHASE
(150)
68,354
64,854
-
3,350
Total Special Revenue Funds
$3,627,413
$3,348,272
$2,954,669
$51,348
($32,289)
$4,040,075
40
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
E. ASSETS, LIABILITIES, AND FUND EQUITY ACCOUNTS
ASSETS
Cash and Investments - Cash balances from all funds of the City are combined and invested to the
extent available in allowable investments. Investments are stated at fair value, based upon quoted
market prices. Investment income is 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.
Special 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 Grout/ - 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.
Proprietary Fund Types - 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.
41
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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 for Governmental Funds
is recorded in the Compensated Absences Internal Service Fund. 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.
F. REVENUES AND EXPENDITURES
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.
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
42
CITY OF COLUMBIA HEIGHTS, MMNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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.
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.
H. COMPARATIVE DATA
Comparative total data for the prior year has been presented in the accompanying financial
statements to provide an understanding of changes in the City's financial position and operations.
Comparative data for each fund type has not been presented in the combined statements since their
inclusion could make the statements unduly complex and difficult to read.
I. STATEMENT OF CASH FLOWS
For purposes of the Statement of Cash Flows, the City considers all highly liquid debt instruments
with an original maturity of three months or less to be cash equivalents. All of the Proprietary
Funds' equity in the City-wide cash and investment management pool is considered to be cash
equivalents.
43
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
J. USE OF ESTIMATES
The preparation of financial statements in accordance with generally accepted accounting
principles (GAAP) requires management to make estimates that affect amounts reported in the
financial statements during the reporting period. Actual results could differ from such estimates.
Note 2 DEPOSITS AND INVESTMENTS
The City maintains a cash and investment pool that is available for use by all funds of the City. 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 include checking accounts, savings accounts, and certificates of deposit. At December 31, 1999,
the market value of the City's deposits was $3,054,435 and the bank balance was $3,747,562. The entire
bank balance was insured or collateralized by securities held by the City's agent in the City'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 future
contracts sold under authority of Minnesota Statutes Section 471.56, Subdivision 5.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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.
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, 1999 are as follows:
Carrying
Custodial Credit Risk Category Amount At
1 2 3 Fair Value
U.S. Government Securities
(including securities insured
by the U.S. Government) $15,702,178 $ - $ - $15,702,178
Mutual funds / money markets 2,513,530
Total investments 18,215,708
Deposits 3,054,435
Cash on hand 5,470
Total cash and investments $21,275,613
45
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 3 LEGAL COMPLIANCE/BUDGETS
Total actual expenditures exceeded budgeted expenditures (appropriations) in the following funds for 1999:
Special Revenue Funds:
Community Development
Housing and Redevelopment Authority
EDA Anoka County CDBG
Budgeted Actual Over
Expenditures Expenditures Budget
$261,147 $364,863 $103,716
91,239 97,546 6,307
259,918 616,236 356,318
Expenditures in the Community Development Fund and the Housing and Redevelopment Authority are over
budget because activities budgeted in other funds are actually accounted for in this fund and the budget was
not amended for this change.
Expenditures in the Anoka County CDBG Fund are significantly over budget because of the transfer of
federal CDBG program repayment money to the Housing and Redevelopment Fund where the program
originated. The budget was not amended for this change.
.e
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 4 INTERGOVERNMENTAL RECEIVABLES
Intergovernmental receivables at December 31, 1999 presented as due from other governmental units are
composed of the following:
General Fund:
Anoka County
City of Hilltop
Independent School District #13
Total General Fund
Special Revenue Funds:
Municipal State Aid - State of Minnesota
Cops MORE 96 Grant - Federal Department of Justice
Juvenile Justice Grant - State of Minnesota
COPS Overtime Grant - State of Minnesota
MIF - Medtronics - State of Minnesota
CHASE - State of Minnesota
EDA (Component Unit):
Anoka County CDBG - Anoka County
Section 8 - Metropolitan Council
Section 8 - Bloomington HRA
Economic Development Authority - Metropolitan Council
Total Special Revenue Funds
Enterprise Funds:
Sewer - Metropolitan Council Environmental Services
Sewer - City of Hilltop
Refuse - State of Minnesota
Refuse - Anoka County
Liquor - State of Minnesota
Total Enterprise Funds
Total Intergovernmental Receivables
47
$26,788
8,473
28,238
63,499
16,343
13,730
1,079
1,715
240,725
16,937
90,759
51,509
3,742
1,137
437,676
290,684
4,819
8,254
4,137
1,375
309,269
$810,444
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
INTERCEPTOR ACQUISITION CONTRACT RECEIVABLE
As of January 1, 1971, the Metropolitan Waste Control Commission (MWCC) assumed ownership
of all existing interceptors 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 current value
payments 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 Environmental Services
(MCES).
As of December 31, 1999, a balance of $21,413 remain to be collected in 2000.
As of January 1, 1996, the Metropolitan Council (MCES) assumed ownership of an existing
interceptor pursuant to an agreement with the City of Hilltop regarding usage of interceptors
owned and maintained by the City of Columbia Heights. The MCES acquired the interceptor at a
cost of $330,413.72. This amount is being amortized through current value payments from MCES
over a 15 -year period with interest at 4 %.
As of December 31, 1999, a balance of $260,342 remained to be collected over the next eleven
years.
These receivables are presented as Due From Other Governmental Units in the Sewer Utility Fund.
Note 5 LOANS RECEIVABLE
Loans receivable at December 31, 1999 consist of the following:
Sheffield Redevelopment $2,959
HRA:
Business Revolving Loans 49,781
Mortgage Loans 44,344
Total $97,084
The HRA loans relate primarily to personal residences of lower income individuals under a Community
Development Program.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 6 INTERFUND RECEIVABLES AND PAYABLES
Individual fund interfund receivables and payables at December 31, 1999 consist of the following:
.]
Interfund
Interfund
Receivables
Payables
General Fund
$332,000
$ -
Special Revenue Funds:
Municipal State Aid
-
325,985
Community Development
-
140,083
Parking Ramp
408,027
Housing Mortgage
446,352
-
COPS More 96 Grant
-
10,390
Juvenile Justice Grant
-
47
COPS Overtime Grant
-
2,633
C.H.A.S.E.
-
13,587
EDA: Anoka County CDBG
-
67,205
EDA: Section 8
-
20,302
Debt Service Funds:
Tax Increment Bonds
95,171
854,379
MURP
-
81,232
G.O. Improvement 1999A
-
13,939
Capital Projects Funds:
TIF District #2
-
2,243
Sheffield Redevelopment
-
806,677
General Government Buildings
-
28,044
Capital Improvement Projects
-
47,466
Enterprise Funds:
Refuse Utility
325,985
-
Sewer Construction
637,677
-
Liquor
169,000
-
$2,414,212
$2,414,212
.]
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 7 INTERFUND TRANSFERS
From
To
Amount
Purpose
Operating:
General
Community Development
$237,394
Building inspections
General
Local Law Enforcement Block Grant
7,838
Local match: grants
General
Juvenile Justice Grant
2,305
Local match: grants
General
Police/Fire Contingency
30,000
Police/Fire pension contribution
General
Capital Improvements - Parks
50,000
Park improvements
General
Infrastructure Replacement
50,000
Fund future improvements
General
Capital Equipment Replacement - General
50,000
Replacement fixed assets
General
Energy Management
100,000
Energy improvements
General
Data Processing
30,000
Food data processing services
Community Development
General
7,656
Administrative labor
Community Development
Anoka County CDBG
17,245
Local match: HOME funds
Municipal State Aid
General
50,000
State aid street maintenance
Cable Television
General
47,164
Administrative labor
Library
General
7,524
Administrative labor
Tax Increment Bonds
Tax Increment Bonds 1990
750
Debt service
Tax Increment Bonds
Tax Increment Refunding 1991
1,083,918
Debt service
Sheffield Debt Service
Sheffield Redevelopment
81,647
Transfer TIF tax revenues per agreement
Capital Improvement Project
GO Improvements 1999A
436,957
Transfer special assessment revenue
Medounics
Medtronic Development
42,641
Transfer expenditure
Surface Water Management
Storm Sewer Construction Fond
18,788
Transfer - Surface Water
Medtronic Development
Capital Improvements - Parks
359,948
Repayment of parks and community center
Capital Improvement Parks
Medtronic Development
1,981
Transfer expenditure
Capital Equipment Replacement - Sewer
Sewer Utility
47,972
Transfer capital assets
Capital Equipment Replacement - Water
Water Utility
50,635
Transfer capital assets
Capital Equipment Replacement - Garage
Central Garage
14,000
Transfer capital assets
Capital Equipment Replacement - Data
Data Processing
5,508
Transfer capital assets
Water Utility
General
64,950
Administrative labor
Water Utility
Capital Equipment Replacement - Water
25,000
Replacement fixed assets
Water Utility
Data Processing
30,000
Fond data processing services
Water Utility Debt Service
Water Construction Fund
993,700
Transfer bond proceeds
Sewer Utility
General
64,949
Administrative labor
Sewer Utility
Capital Equipment Replacement - Sewer
25,000
Replacement fixed assets
Sewer Utility
Data Processing
30,000
Food data processing services
Sewer Utility - Debt Service
Sewer Construction Fund
37,700
Transfer bond proceeds
Refuse Utility
General
114,590
Administrative labor
Refuse Utility
Data Processing
30,000
Food data processing services
Refuse Utility
Water Construction Fond
321,250
Fund water meter program
Storm Sewer Utility Debt Service
Storm Sewer Construction Fund
870,650
Transfer bond proceeds
Liquor
General
32,667
Administrative labor
Liquor
Data Processing
30,000
Fund data processing services
Liquor
Capital Equipment Replacement - General
90,000
Replacement fixed assets
Liquor
Infrastructure Replacement
50,000
Fund future improvements
Liquor
DARE Program
5,500
Fund DARE program
Water Capital Construction
Water Utility
220,396
Project closure
Sewer Capital Construction
Sewer Utility
123,383
Project closure
Sewer Capital Construction
Water Construction Fund
321,250
Fund water meter program
Storm Sewer Capital Construction
Storm Sewer Utility
93,183
Project closure
Central Garage
General
5,100
Administrative labor
Central Garage
Capital Equipment Replacement - General
4,000
Replacement fixed assets
Central Garage
Data Processing
30,000
Fond data processing services
Data Processing
Capital Equipment Replacement - Data Processing
11,300
Replacement fixed assets
Contributed Projects - General
Confiscated/Forfeited Property
1,213
Transfer for DARE van
EDA - Anoka County CDBG
General
3,828
Administrative labor
EDA - Anoka County CDBG
HRA
306,428
Transfer Anoka County CDBG funds
EDA - Parkview Villa North
General
7,656
Administrative labor
EDA - Administration
General
5,740
Administrative labor
FDA - Section 8
General
18,054
Administrative labor
EDA - Parkview Villa South
General
3,828
Administrative labor
HRA
Community Development
11,000
Fund activities
HRA
Sheffield Redevelopment
80,239
Guaranteed funding
Total Operating Transfers
$6,894,425
Residual Equity
Federal Police Grant
General
$31,792
Closure of fund. Resolution 99 -106
FAST COPS Grant
General
497
Closure offend: Resolution 99 -106
Capital Improvement State St.
Infrastructure Replacement
19,876
Closure of fund: Resolution 99 -106
Total Residual Equity Transfers
$52,165
50
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 8 FIXED ASSETS
The following is a summary of changes in the General Fixed Assets Account Group during the fiscal year:
The following is a summary of Proprietary Fund Type fixed assets at December 31, 1999:
Balance
Sewer
Refuse
Balance
January 1,
Internal
Total
December 31,
Utility
1999
Additions
Retirements
1999
Land
$3,392,381
$198,848
$ -
$3,591,229
Buildings
8,324,945
74,611
208,000
8,191,556
Improvements other than buildings
2,234,460
364,127
-
2,598,587
Machinery and equipment
6,438,476
319,848
164,013
6,594,311
Total general fixed assets
$20,390,262
$957,434
$372,013
$20,975,683
The following is a summary of Proprietary Fund Type fixed assets at December 31, 1999:
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, 2004. This lease is considered for
accounting purposes to be an operating lease. Lease expenditures for the year ended December 31, 1999
amounted to $118,769.
The City also has leased premises for its Top Valu II liquor store under a five -year lease that originally
expired February 28, 1998, with a five -year renewal option in 1998 and 2003. The City exercised the 1998
renewal option which increased minimum payments to $3,552 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, 1999 amounted to $62,337.
51
Water
Sewer
Refuse
Storm Sewer
Total
Internal
Total
Utility
Utility
Utility
Utility
Liquor
Enterprise
Service
Proprietary
Land
$45,223
$36,586
$ -
$ -
$4,360
$86,169
$ -
$86,169
Buildings
462,288
57,942
6,000
-
181,631
707,861
770,008
1,477,869
Improvements other than buildings
3,471,164
3,635,698
14,456
93,183
103,409
7,317,910
436,460
7,754,370
Machinery and equipment
302,627
542,191
107,681
-
370,187
1,322,686
197,171
1,519,857
Construction in process
1,258,224
505,547
-
-
-
1,763,771
-
1,763,771
Total
5,539,526
4,777,964
128,137
93,183
659,587
11,198,397
1,403,639
12,602,036
Less accumulated depreciation
1,990,325
2,423,719
17,218
388
525,364
4,957,014
1,135,575
6,092,589
Net fixed assets
$3,549,201
$2,354,245
$110,919
$92,795
$134,223
$6,241,383
$268,064
$6,509,447
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, 2004. This lease is considered for
accounting purposes to be an operating lease. Lease expenditures for the year ended December 31, 1999
amounted to $118,769.
The City also has leased premises for its Top Valu II liquor store under a five -year lease that originally
expired February 28, 1998, with a five -year renewal option in 1998 and 2003. The City exercised the 1998
renewal option which increased minimum payments to $3,552 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, 1999 amounted to $62,337.
51
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Future minimum rental payments are as follows:
Top V alu Top V alu II
2000
$88,785
$42,628
2001
88,785
42,628
2002
88,785
42,628
2003
88,785
7,104
2004
88,785
-
Total
$443,925
$134,988
Note 10 CAPITAL LEASE
The City leases building improvement and other improvement retrofits 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 retrofit improvements remains with the lessor. Full and legal title to the retrofit improvements 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 retrofit improvements per the terms of the lease.
Future rental payments are as follows
Principal Interest Total
2000 $58,907 $1,339 $60,246
Total $58,907 $1,339 $60,246
For accounting purposes, this lease is considered a capital lease. The related assets recorded in the financial
statements are as follows:
Building and other improvements $710,781
Accumulated depreciation (710,781)
Net $0
52
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 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:
General Obligation:
General Long Term Debt Account Group:
Tax Increment Bonds:
Capital Appreciation Bonds of 1990
Refunding Bonds of 1991
Improvement Bonds:
Improvement Bonds of 1999A
Proprietary Funds:
Revenue Bonds:
Utility Revenue Bonds of 1999B
Total General Obligation Bonds outstanding
ANNUAL DEBT SERVICE REQUIREMENTS
1,935,000 3.45 -4.30% 5/1/99 2/1/10 1,935,000
$7,174,721
As of December 31, 1999, the annual requirements to amortize all bonds outstanding, including interest of
$4,775,348 on the General Long Term Debt Account Group debt, and $525,903 on the Proprietary Fund
debt are as follows:
53
Final
Original
Interest
Issue
Maturity
Balance
Issue
Rate
Date
Date
End of Year
$2,399,721
6.90 -7.15%
8/23/90
9/1/09
$2,399,721
6,670,000
5.30 -5.80%
12/1/91
3/1/02
1,980,000
860,000
3.454.30%
5/1/99
2 /1 /10
860,000
1,935,000 3.45 -4.30% 5/1/99 2/1/10 1,935,000
$7,174,721
As of December 31, 1999, the annual requirements to amortize all bonds outstanding, including interest of
$4,775,348 on the General Long Term Debt Account Group debt, and $525,903 on the Proprietary Fund
debt are as follows:
53
CITY OF COLUMBIA HEIGHTS, MP NESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
General
Fiscal Year Long Term
Ending Debt Account
December 31 Group Proprietary Total
2000
$1,029,033
$95,497
$1,124,530
2001
980,050
184,500
1,164,550
2002
1,246,434
244,496
1,490,930
2003
1,046,365
243,105
1,289,470
2004
1,037,735
241,305
1,279,040
2005 -2009
4,609,055
1,211,947
5,821,002
2010
66,397
240,053
306,450
Totals
$10,015,069
$2,460,903
$12,475,972
At December 31, 1999, a total of $809,379 is available in Debt Service Funds to service the General
Obligation Tax Increment Bonds and the General Obligation Improvement 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.
Delinquent assessments receivable at December 31, 1999 totaled $16,967.
54
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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.
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
Redevelopment
Authorizing Law
HRA (Minnesota Statutes Sections
462.545 and 462.585)
Duration of District
August 1, 2009
Original Tax Capacity
$167,144
Current Tax Capacity (for taxes collectible in 1999)
$724,511
Captured Tax Capacity Retained
$557,367
Bonds Issued
$28,434,721
Principal Payments
$23,310,000
Bonds Outstanding at December 31, 1999
$4,379,721
B. 1984 Modification to the Downtown CBD Revitalization Plan C7
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1999)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1999
C. 1984 University Avenue Redevelopment C8
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1999)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1999
55
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$37,598
$44,322
$6,724
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
August 1, 2009
$25,176
$114,403
$89,227
$1,070,000
$1,070,000
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
D. 1989 Multi -Use Redevelopment Plan K2
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1999)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1999
E. 1995 Sheffield Tax Increment Financing District M8
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1999)
Captured Tax Capacity Retained
Prior Year Tax Capacity Adjustment
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1999
F. 53rd Avenue Tax Increment Financial District N7
Type of District
Authorizing Law
Duration of District
Original Tax Capacity
Current Tax Capacity (for taxes collectible in 1999)
Captured Tax Capacity Retained
Bonds Issued
Principal Payments
Bonds Outstanding at December 31, 1999
56
Redevelopment
HRA (Minnesota Statutes Sections
462.545 and 462.585)
October 4, 2014
$11,831
$29,789
$17,958
Redevelopment
HRA (Minnesota Statutes Sections
469.174 to 469.179 inclusion as
amended)
December 31, 2022
$27,424
$61,048
$33,624
Economic Development
Minnesota Statutes
Section 469.174
December 11, 2006
$116,094
$288,036
$171,942
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
G. Housing and Redevelopment District No. 1 P3
Type of District Redevelopment
Authorizing Law Minnesota Statutes
Section 469.174
Duration of District September 8, 2002
Original Tax Capacity $35,907
Current Tax Capacity (for taxes collectible in 1999) $38,104
Captured Tax Capacity Retained $2,197
Bonds Issued -
Principal Payments
Bonds Outstanding at December 31, 1999 -
H. Housing and Redevelopment District No. 1 P4
Type of District
Redevelopment
Authorizing Law
Minnesota Statutes
Section 469.174
Duration of District
September 8, 2002
— Original Tax Capacity
$1,108
Current Tax Capacity (for taxes collectible in 1999)
$1,154
Captured Tax Capacity Retained
$46
Bonds Issued
-
Principal Payments
-
Bonds Outstanding at December 31, 1999
-
57
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
CHANGES IN LONG -TERM LIABILITIES
The following is a summary of bond transactions for the year ended December 31, 1999:
Balance
City January 1
General Obligation
General Long -Term Debt Account Group:
Tax Increment Bonds:
Principal
Accreted interest
Improvement Bonds:
Principal
Proprietary Funds:
Principal
Total City
Balance
Additions Reductions December 31
$5,324,721 $ -
1,775,356 298,403
860,000
1,935,000
($945,000) $4,379,721
2,073,759
860,000
1,935,000
$7,100,077 $3,093,403 ($945,000) $9,248,480
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, 1999, accreted interest of $2,073,759 was included
in general long -term debt for the 1990 Tax Increment Capital Appreciation Bonds.
CONDUIT DEBT OBLIGATIONS
From time to time, the City of Columbia Heights has issued Revenue Bonds to provide financial assistance
to private- sector entities for the acquisition and construction of facilities deemed to be in the public interest.
The bonds are secured by the property financed and are payable solely from private- sector entity revenues.
Upon repayment of the bonds, ownership of the acquired facilities transfers to the private- sector entity
served by the bond issuance. Neither the City of Columbia Heights, the State of Minnesota, nor any
political subdivision thereof is obligated in any manner for repayment of the bonds. Accordingly, the bonds
are not reported as liabilities in the accompanying financial statements.
As of December 31, 1999 there were four series of Revenue Bonds outstanding, with an aggregate principal
amount payable of $14,744,000.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 12 FUND EQUITY
The following funds had a fund deficit as of December 31, 1999:
Debt Service Funds
Multi -Use Redevelopment Plan 81,607
Capital Projects Funds:
General Government Buildings 28,057
TIF District #2 2,243
Sheffield Redevelopment 368,773
Capital Improvement Projects 137,552
Enterprise Funds:
Storm Sewer 11,052
Internal Service Funds:
Energy Management 28,190
The City will finance these deficits through external or internal sources in future years.
59
Fund
Deficit
Special Revenue Funds:
Municipal State Aid
$329,193
Community Development
146,812
Local Law Enforcement Block Grant
1,336
Cops Overtime Grant
918
Debt Service Funds
Multi -Use Redevelopment Plan 81,607
Capital Projects Funds:
General Government Buildings 28,057
TIF District #2 2,243
Sheffield Redevelopment 368,773
Capital Improvement Projects 137,552
Enterprise Funds:
Storm Sewer 11,052
Internal Service Funds:
Energy Management 28,190
The City will finance these deficits through external or internal sources in future years.
59
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
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 Improvements - This reserve in the Water, Sewer, Storm Sewer and Liquor
Enterprise Funds and the Central Garage and Data Processing Internal Service Fund represents
funds set aside to pay for appropriate future capital replacement and construction projects.
Reservations of retained earnings are summarized as follows at December 31, 1999:
Reserve for insurance
Reserve for capital improvements:
Water Utility Fund
Sewer Utility Fund
Storm Sewer Fund
Liquor Fund
Central Garage Fund
Data Processing Fund
Total
$4,297,143 $758,269 $5,055,412
B. RESERVATION OF FUND BALANCES
Reserved for Prepayments - This reserve represents financial resources used for prepayment of
subsequent years expenditures.
Reserved for Real Estate Held for Resale - This amount represents a financial resource which is
not currently available.
Reserved for Program Expenditures - This amount represents financial resources which have
specific restrictions for future use.
•1
Internal
Enterprise
Service
Total
$ -
$731,301
$731,301
1,643,543
-
1,643,543
1,825,345
-
1,825,345
806,300
-
806,300
21,955
-
21,955
-
13,170
13,170
-
13,798
13,798
$4,297,143 $758,269 $5,055,412
B. RESERVATION OF FUND BALANCES
Reserved for Prepayments - This reserve represents financial resources used for prepayment of
subsequent years expenditures.
Reserved for Real Estate Held for Resale - This amount represents a financial resource which is
not currently available.
Reserved for Program Expenditures - This amount represents financial resources which have
specific restrictions for future use.
•1
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Reservations of fund balances at December 31, 1999 are summarized as follows:
Reserve for prepayments
Reserve for real estate held for resale
Reserve for program expenditures
Total
C. DESIGNATED UNRESERVED FUND BALANCES
$10,187
174,543
627,725
$812,455
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 maintenance - This amount represents funds set aside by the LIRA to provide for
maintenance costs in future years at Parkview Villa South senior housing.
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 capital improvements — This amount represents funds set aside by the City to
provide for future capital improvements.
Designations for unreserved fund balances at December 31, 1999 are summarized as follows:
Designated for subsequent years' expenditures
Designated for working capital
Designated for maintenance
Designated for debt service
Designated for capital improvements
Total designated unreserved fund balance
Special Debt Capital
General Revenue Service Projects Total
$39,537
$853,537 $
$53,452 $946,526
3,871,175
224,160
- 4,095,335
-
601,857
601,857
-
- 890,986
- 890,986
140,052
-
359,948 500,000
$4,050,764
$1,679,554 $890,986
$413,400 $7,034,704
61
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 13 SEGMENT INFORMATION - ENTERPRISE FUNDS
The City maintains five Enterprise Funds which are intended to be self - supporting. Financial segment
information as of and for the year ended December 31, 1999 is as follows:
Note 14 PROPRIETARY FUNDS' CONTRIBUTED CAPITAL
This balance represents the cost of property contributed to the Enterprise Funds and Internal Service Funds
by the City, less depreciation thereof charged to operations. Changes occurring in the account during the
year were as follows:
Balance - beginning of year
Less: Depreciation on contributed assets
Balance - end of year
Water Sewer Central
Utility Utility Garage Total
$703,241 $477,660 $188,849 $1,369,750
(26,294) (38,935) - (65,229)
$676,947 $438,725 $188,849 $1,304,521
Note 15 DEFINED BENEFIT PENSION PLANS - STATEWIDE
A. PLAN DESCRIPTION
All full -time and certain part-time employees of the City of Columbia Heights are covered by
defined benefit plans administered by the Public Employees Retirement Association of Minnesota
(PERA). PERA administers the Public Employees Retirement Fund (PERF) and the Public
Employees Police and Fire Fund (PEPFF) which are cost - sharing, multiple - employer retirement
plans. These plans are established and administered in accordance with Minnesota Statute,
Chapters 353 and 356.
62
Water
Sewer
Refuse
Storm Sewer
Utility
Utility
Utility
Utility
Liquor
Total
Operating revenues
$1,348,613
$1,233,221
$1,313,232
$ -
$6,669,376
$10,564,442
Depreciation expense
84,982
106,568
7,675
388
20,762
220,375
Operating income (loss)
68,945
200,580
72,820
(388)
503,455
845,412
Net income (loss)
(25,054)
118,905
84,976
(29,452)
25,748
175,123
Total operating transfers
547,550
(416,199)
(465,840)
18,788
(208,167)
(523,868)
Property, plant and equipment additions
(1,426,131)
(560,870)
(108,690)
(93,183)
(13,349)
(2,202,223)
Net working capital
1,071,158
2,144,891
925,999
781,886
1,809,638
6,733,572
Net cash provided by operating activities
336,057
525,533
346,286
-
503,556
1,711,432
Total assets
4,936,450
4,872,754
1,037,006
900,221
2,321,033
14,067,464
Total equity - contributed
676,947
438,725
-
-
-
1,115,672
Total equity - retained earnings
2,932,498
4,303,813
1,036,918
(11,052)
1,943,861
10,206,038
Note 14 PROPRIETARY FUNDS' CONTRIBUTED CAPITAL
This balance represents the cost of property contributed to the Enterprise Funds and Internal Service Funds
by the City, less depreciation thereof charged to operations. Changes occurring in the account during the
year were as follows:
Balance - beginning of year
Less: Depreciation on contributed assets
Balance - end of year
Water Sewer Central
Utility Utility Garage Total
$703,241 $477,660 $188,849 $1,369,750
(26,294) (38,935) - (65,229)
$676,947 $438,725 $188,849 $1,304,521
Note 15 DEFINED BENEFIT PENSION PLANS - STATEWIDE
A. PLAN DESCRIPTION
All full -time and certain part-time employees of the City of Columbia Heights are covered by
defined benefit plans administered by the Public Employees Retirement Association of Minnesota
(PERA). PERA administers the Public Employees Retirement Fund (PERF) and the Public
Employees Police and Fire Fund (PEPFF) which are cost - sharing, multiple - employer retirement
plans. These plans are established and administered in accordance with Minnesota Statute,
Chapters 353 and 356.
62
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
PERF members belong to either the Coordinated Plan or the Basic Plan. Coordinated Plan
members are covered by Social Security and Basic Plan 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.
PERA provides retirement benefits as well as disability benefits to members, and benefits to
survivors upon death of eligible members. Benefits are established by State Statute, and vest after
three years of credited service. The defined retirement benefits are based on a member's highest
average salary for any five successive years of allowable service, age, and years of credit at
termination of service.
PERA issues a publicly available financial report that includes financial statements and required
supplementary information for PERF and PEPFF. That report may be obtained by writing to
PERA, 514 St. Peter Street #200, St. Paul, Minnesota, 55102 or by calling (651)296 -7460 or 1-
800- 652 -9026.
B. FUNDING POLICY
Minnesota Statutes Chapter 353 sets the rates for employer and employee contributions. These
statutes are established and amended by the state legislature. The City makes annual contributions
to the pension plans equal to the amount required by state statutes. PERF Basic Plan members and
Coordinated Plan members are required to contribute 8.75% and 4.75 %, respectively, of their
annual covered salary. From January 1, 1994 through June 30, 1999 PEPFF members were
required to contribute 7.60% of their annual covered salary. After June 30, 1999, they are to
contribute 6.20% of their annual covered salary. The City of Columbia Heights is required to
contribute the following percentages of annual covered payroll: 11.43% for Basic Plan PERF
members, 5.18% for Coordinated Plan PERF members, and from January 1, 1994 through June 30,
1999, 11.40 %, after June 30, 1999, 9.30% for PEPFF members. The City's contributions for the
last three years which were equal to the contractually required contributions for each year as set by
State Statute are as follows:
Year Ended
December 31 PERF PEPFF
1997 $138,673
$162,502
1998 157,540
181,024
1999 169,653
175,387
63
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Note 16 DEFINED BENEFIT PENSION PLAN - POLICE AND FIRE CONSOLIDATION FUND
TERMINATED PLAN - PFCF
Until July 1, 1999, the City of Columbia Heights was a participant in the PERA Police and Fire
Consolidation Fund (PFCF), an agent, multiple - employer defined benefit plan. Effective July 1, 1999
this plan was terminated and all assets and liabilities were transferred to the Police and Fire Fund
(PEPFF), a cost sharing multiple- employer plan.
Upon termination, a final actuarial valuation determined the unfunded actuarial accrued liability
(UAAL) for each participant. The City of Columbia Heights' remaining obligation to the PFCF is
repayment of the UAAL, which is payable in 10 equal annual installments from 1999 — 2009. Annual
payments for the City of Columbia Heights are $56,706 for the fire and police accounts.
City contributions during 1999, which were equal to the contractually required contributions, were as
follows:
Fire and Police
Accounts
Contributions through termination of July 1, 1999 $17,687
Final liability annual payment 56,706
$74,393
Note 17 DEFINED CONTRIBUTION PLAN - FIRE RELIEF ASSOCIATION VOLUNTEER
DIVISION
PLAN DESCRIPTION
The Columbia Heights Fire Department Relief Association is the administrator of a single- employer
pension plan for the volunteer members of the City of Columbia Heights Fire Department.
Through October 26, 1997, the Association operated as a defined benefit plan. Effective October 27,
1997, the Association amended its by -laws and converted to a defined contribution plan. The pension
plan was fully funded at the time of conversion.
Benefits and contribution requirements are established by the Association's by -laws and can be
amended by the Association's board of directors with approval from the City of Columbia Heights. All
provisions are within limitations established by Minnesota Statutes.
Type of Benefit. The exclusive pension provided by the Association is a "Defined Contribution Lump
Sum Service Pension" as defined in Minnesota Statutes §424A.02, Subdivision 4.
64
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
Contributions Required and Contributions Made. No contributions are required from the plan members
or the City of Columbia Heights. The Plan is funded through State aid, investment income and
discretionary contributions from the City of Columbia Heights. For 1999 State aid was contributed to
the Plan.
Note 18 COMMITMENTS AND CONTINGENCIES
A. RISK MANAGEMENT
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; and natural disasters.
Workers compensation coverage is provided through a pooled self-insurance program through the
League of Minnesota Cities Insurance Trust (LMCIT). The City pays an annual premium to
LMCIT. The City is subject to supplemental assessments if deemed necessary by the LMCIT.
The LMCIT reinsures through Workers Compensation Reinsurance Association (WCRA) as
required by law. For workers compensation, the City is not subject to a deductible. The City's
workers compensation coverage is retrospectively rated. With this type of coverage, final
premiums are determined after loss experience is known. The amount of premium adjustment, if
any, is considered immaterial and not recorded until received or paid.
The City carried commercial insurance for all other risks of loss, including property and liability.
There were no significant reductions in insurance from the previous year or settlements in excess
of insurance coverage for any of the past three fiscal years.
B. LITIGATION
The City is a named defendant in a claim in which the plaintiffs were seeking damages. A federal
jury trial was conducted and the jury subsequently awarded the plaintiffs $120,000 as damages.
The plaintiffs have petitioned the court for attorneys fees and costs. The City has recorded a
liability of $200,000 relating to this issue which represents what the City believes to be the most
probable outcome.
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 City expects such amounts, if any, to be immaterial.
65
CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
D. TAX INCREMENT DISTRICTS
The City's tax increment districts are subject to review by the State of Minnesota Office of the
State Auditor (OSA). Any disallowed claims or misuse of tax increments could become a liability
of the applicable fund. Management has indicated that they are not aware of any instances of
noncompliance which would have a material effect on the financial statements.
E. CONTRACTUAL COMMITMENTS
Significant construction commitments at December 31, 1999 are as follows:
Total Contract
Project Number Awarded
Remaining
Contract
9505/9124
$70,747
$19
9505
441,728
23,587
9722
225,527
6,709
9807
13,000
1,941
9902
875,092
99,834
9906
13,180
5,859
9907 -9910
146,699
7,305
9908
22,363
12,573
9912
29,200
10,648
9916
42,498
42,498
9917
4,633
4,633
The City has entered into several contractual commitments which are in process at year end. At
December 31, 1999, the City's committed obligation for such projects were approximately
$344,000.
s
COMBINING,
INDIVIDUAL FUND
AND ACCOUNT GROUP
FINANCIAL STATEMENTS
67
CITY OF COLUMBIA HEIGHTS, M NNESOTA --
•:
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."
.'
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
70
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND
BALANCE SHEET
December 31, 1999
With Comparative Amounts For December 31, 1998
Assets
Cash and investments
Receivables:
Accounts
Taxes:
Unremitted
Delinquent
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
Due to other governmental units
Deferred revenue
Deposits
Total liabilities
Fund balance:
Reserved for prepayments
Unreserved:
Designated for subsequent years' expenditures
Designated for working capital
Designated for capital improvement
Undesignated
Total fund balance
Total liabilities and fund balance
71
1999
$4,672,396
11,129
47,344
103,465
47,494
63,499
332,000
6,654
$5,283,981
$51,094
34,029
79,128
103,465
300
Statement 6
1998
$4,590,706
4,175
132,708
77,078
40,464
64,978
260,341
11,632
$5,182,082
$63,956
215,632
80,885
77,078
300
268,016 437,851
6,654
39,537
3,871,175
140,052
958,547
5,015,965
$5,283,981
11,632
26,992
3,463,549
1,242,058
4,744,231
$5,182,082
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, 1999
With Comparative Actual Amounts For The Year Ended December 31, 1998
Expenditures:
General government:
Council
210,447
1999
1,152
172,179
Manager
358,825
364,228
Over
343,322
Legal
205,182
201,931
(Under)
1998
Finance and elections
Budget
Actual
Budget
Actual
Revenues:
136,620
125,925
(10,695)
124,337
Taxes
$2,660,059
$2,658,598
($1,461)
$2,662,288
Licenses and permits
197,100
401,158
204,058
289,411
Intergovernmental
3,516,503
3,517,281
778
3,474,894
Charges for services
358,178
376,397
18,219
360,759
Fines and forfeitures
130,000
100,161
(29,839)
121,858
Investment income:
Total public safety
2,988,901
2,870,096
(118,805)
Interest and dividends
150,000
236,850
86,850
198,463
Change in fair value
-
(174,144)
(174,144)
38,804
Other revenues:
Maintenance
786,730
706,546
(80,184)
Miscellaneous
10,820
17,596
6,776
21,765
Proceeds from sale of land
500
-
(500)
-
Total revenues
7,023,160
7,133,897
110,737
7,168,242
Expenditures:
General government:
Council
210,447
211,599
1,152
172,179
Manager
358,825
364,228
5,403
343,322
Legal
205,182
201,931
(3,251)
162,547
Finance and elections
538,709
518,926
(19,783)
504,972
Assessing
136,620
125,925
(10,695)
124,337
General government buildings
190,268
140,545
(49,723)
142,119
Total general government
1,640,051
1,563,154
(76,897)
1,449,476
Public safety:
Police /animal /civil defense
2,240,232
2,128,536
(111,696)
1,972,413
Fire
748,669
741,560
(7,109)
703,131
Total public safety
2,988,901
2,870,096
(118,805)
2,675,544
Public works:
Engineering
333,486
355,827
22,341
270,087
Maintenance
786,730
706,546
(80,184)
647,459
Total public works
1,120,216
1,062,373
(57,843)
917,546
Other departments:
Sanitation
123,117
105,420
(17,697)
116,816
Parks and recreation
1,322,529
1,164,897
(157,632)
1,110,339
Contingencies
25,100
4,681
(20,419)
262
Total other departments
1,470,746
1,274,998
(195,748)
1,227,417
Total expenditures
7,219,914
6,770,621
(449,293)
6,269,983
72
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, 1999
With Comparative Actual Amounts For The Year Ended December 31, 1998
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, as previously stated
Prior period adjustment/restatements
Fund balance - January 1, as restated
Residual equity transfers
Fund balance - December 31
73
4,744,231
32,289
$5,015,965
4,060,594
(24,850)
4,035,744
$4,744,231
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
($196,754)
$363,276
$560,030
$898,259
434,823
433,706
(1,117)
433,664
(547,394)
(557,537)
(10,143)
(623,436)
(112,571)
(123,831)
(11,260)
(189,772)
($309,325)
239,445
$548,770
708,487
73
4,744,231
32,289
$5,015,965
4,060,594
(24,850)
4,035,744
$4,744,231
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 8
SCHEDULE OF REVENUES -
BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Amounts For The Year Ended December 31, 1998
74
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
Revenues:
Property taxes:
Ad valorem
$2,660,059
$2,653,448
($6,611)
$2,661,028
Penalties and interest
-
5,150
5,150
1,260
Total taxes
2,660,059
2,658,598
(1,461)
2,662,288 -
Licenses and permits:
Licenses
77,100
72,201
(4,899)
51,906
Permits
120,000
328,957
208,957
237,505 _.
Total licenses and permits
197,100
401,158
204,058
289,411
Intergovernmental:
Federal grants:
Civil defense
5,000
4,819
(181)
4,618
Bullet proof vest grant
-
1,190
1,190
-
Disaster assistance
-
-
-
23,432
State grants:
-
Local government aid
2,337,662
2,337,662
-
2,263,962
Property tax relief
959,341
959,341
-
959,460
Law officer training
7,500
7,901
401
7,279 -
Fire training
-
-
-
5,850
Police relief association
150,000
143,854
(6,146)
145,636
County aid:
Street maintenance
20,000
20,480
480
20,480
County grant
-
-
-
5,538
School district
37,000
42,034
5,034
38,639
Total intergovernmental
3,516,503
3,517,281
778
3,474,894
Charges for services:
General government
1,700
300
(1,400)
701
Public safety
153,000
190,226
37,226
180,040 -
Public works
12,500
27,503
15,003
19,393
Parks and recreation
190,978
158,368
(32,610)
160,625
Total charges for services
358,178
376,397
18,219
360,759 _-
Fines and forfeitures
Public safety
130,000
100,161
(29,839)
121,858
Total fines and forfeitures
130,000
100,161
(29,839)
121,858
Other revenues:
Investment income:
Interest and dividends
150,000
236,850
86,850
198,463
Change in fair value
-
(174,144)
(174,144)
3 8, 804
Miscellaneous
8,320
16,415
8,095
21,475
Proceeds from sale of land
500
-
(500)
-
Other refunds
2,500
1,181
(1,319)
290
Total other revenues
161,320
80,302
(81,018)
259,032
Total revenues
$7,023,160
$7,133,897
$110,737
$7,168,242
74
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL FUND Statement 9
SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Amounts For The Year Ended December 31, 1998
75
1999 Actual
Supplies
Over
Personal
and
Capital
(Under)
1998
Budget
Services
Services
Outlay
Total
Budget
Actual
Expenditures:
General government:
Council and manager:
Council
$210,447
$102,419
$109,180
$ -
$211,599
$1,152
$172,179
Manager
358,825
298,423
65,805
-
364,228
5,403
343,322
Legal
205,182
-
201,931
-
201,931
(3,251)
162,547
Total council and manager
774,454
400,842
376,916
0
777,758
3,304
678,048
Administrative services:
Finance
528,709
445,376
59,250
4,646
509,272
(19,437)
473,216
Elections
10,000
6,874
2,780
-
9,654
(346)
31,756
Assessing
136,620
43,698
82,227
-
125,925
(10,695)
124,337
General government buildings
190,268
6,268
124,366
9,911
140,545
(49,723)
142,119
Total administrative services
865,597
502,216
268,623
14,557
785,396
(80,201)
771,428
Total general government
1,640,051
903,058
645,539
14,557
1,563,154
(76,897)
1,449,476
Public safety:
Police
2,190,646
1,873,446
216,823
-
2,090,269
(100,377)
1,937,907
Fire
748,669
615,531
94,416
31,613
741,560
(7,109)
703,131
Civil defense
35,561
16,081
9,795
-
25,876
(9,685)
24,859
Animal control
14,025
-
12,391
-
12,391
(1,634)
9,647
Total public safety
2,988,901
2,505,058
333,425
31,613
2,870,096
(118,805)
2,675,544
Public works, highways and streets:
Engineering
333,486
196,981
51,848
106,998
355,827
22,3
270,087
Streets
602,197
279,299
214,932
32,585
526,816
(75,38811 )
493,394
Street lighting
118,177
4,940
119,640
-
124,580
6,403
109,393
Traffic signs /signals
66,356
30,614
22,141
2,395
55,150
(11,206)
44,672
Total public works,
highways and streets
1,120,216
511,834
408,561
141,978
1,062,373
(57,843)
917,546
Other departments:
Sanitation
123,117
37,309
68,111
-
105,420
(17,697)
116,816
Parks and recreation
1,322,529
688,516
437,483
38,898
1,164,897
(157,632)
1,110,339
Contingencies
25,100
-
4,681
-
4,681
(20,419)
262
Total other departments
1,470,746
725,825
510,275
38,898
1,274,998
(195,748)
1,227,417
Total expenditures
57,219,914
$4,645,775
$1,897,800
$227,046
$6,770,621
($449,293)
$6,269,983
75
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
76
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources which
finance specified activities as required by law or administrative regulation.
Municipal State Aid Fund - maintained according to State Statute for maintenance and
construction of streets or municipal state aid systems.
Cable Television Fund - established to account for revenues and expenditures associated
with cable television franchise.
Police/Fire Contingency Fund — established to account for future years' expenditures
related to police and fire.
D.A.R.E. Program Fund - established to account for revenues and expenditures of D.A.R.E.
(Drug Awareness) Program.
Library Fund - established in 1993 to account for revenues and expenditures of the library.
FAST COPS Fund - established to account for revenues and expenditures associated with a
federal grant received for the hiring of one additional police officer.
Community Development Fund - established to account for revenues and expenditures
associated with planning, building inspections and community development projects within
the City.
Federal Police Grant Fund - established to account for revenues and expenditures
associated with a federal grant received for the hiring of additional police officers.
COPS MORE 96 Grant - established to account for revenues and expenditures associated
with a federal grant received for technical service equipment and personnel.
Juvenile Justice Grant - established to account for revenues and expenditures associated
with the removal of graffiti in the City.
Local Law Enforcement Block Grant Fund - established to account for revenues and
expenditures associated with a federal grant received for the purchase of equipment to aid
in crime prevention.
COPS Overtime Grant Fund - established to account for revenues and expenditures
associated with a State grant received for payment of overtime wages and the purchase of
equipment to aid in crime prevention.
Recreation Contributed Projects Fund - established to monitor contributions for recreational
activities and related expenditures.
77
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
Contributed Projects Fund - established to monitor contributions and related expenditures.
Special Projects Fund — established to monitor revenues from special projects and related
expenditures.
Parking Ramp Fund - established to account for revenues from parking ramp assessments
that are to be used for redevelopment.
Confiscated Property Fund - established to account for funds from property confiscated by
the police department.
Housing Mortgage Fund - established to account for proceeds and expenditures relating to
housing mortgage refinancing proceeds which are not restricted for debt service.
MIF Medtronics — established to account for proceeds and expenditures related to
Minnesota Investment Fund grants.
C.H.A.S.E. Fund - established to account for revenues and expenditures associated with a
State grant received for community participation in youth enrichment programs.
Housing and Redevelopment Authority Fund - established to account for revenues and
expenditures associated with the Housing and Redevelopment Authority (component unit).
The HRA provides funding for redevelopment in the City.
Economic Development Authority - a separate legal entity from the City. The mayor and
City Council comprise the majority membership component unit. Its purpose is economic
development in the City.
Anoka County CDBG Fund - established to account for revenues and expenditures
associated with federal community development block grants and HOME funds.
Parkview Villa North Fund - established to account for revenues and expenditures
associated with low income federally subsidized senior housing.
Economic Development Authority Administration Fund - established to account for
revenues and expenditures associated with business development and community
redevelopment projects in the City.
Section 8 Fund - established to account for revenues and expenditures associated with
the administration of Section 8 rental assistance programs within the City.
Parkview Villa South Fund - established to account for revenues and expenditures
associated with an EDA owned senior housing complex.
Rental Housing Fund - established to account for revenues and expenditures of
City -owned rental properties.
79
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Liabilities and Fund Balance
Municipal
Liabilities:
State
Cable
Police/Fire
D.A.R.E.
Accounts payable
Aid
Television
Contingency
Program
Assets
52
-
Cash and investments
$4,121
$338,539
$841,837
$14,930
Receivables:
_
Accounts
-
27,447
-
_
Taxes
_
Interest
-
41057
9,125
-
Loans
-
_
Due from other governmental units
16,343
1,882
0
0
Due from other funds
-
Prepayments
-
_
_
_
Real estate held for resale
_
_
Total assets
$20,464
$370,043
$850,962
$14,930
Liabilities and Fund Balance
Liabilities:
Accounts payable
$ -
$1,882
Accrued salaries and withholdings payable
52
-
Contracts payable - retained percentage
23,620
Due to other governmental units
_
Due to other funds
325,985
Deferred revenue
_
Deposits
Insurance and taxes in escrow
_
_
Total liabilities
349,657
1,882
0
0
Fund balance (deficit):
Reserved for prepayments
-
_
_
_
Reserved for real estate held for resale
-
Reserved for program expenditures
_
_
_
_
Unreserved:
Designated for subsequent years' expenditures
-
2,575
850,962
-
Designated for working capital
-
_
_
_
Designated for maintenance
-
_
Undesignated
(329,193)
365,586
-
14,930
Total fund balance (deficit)
(329,193)
368,161
850,962
14,930
Total liabilities and fund balance
$20,464
$370,043
$850,962
$14,930
:1
Statement 10
Page 1 of 2
$2,077
Community
Cops
Juvenile
Local Law
Cops
2,570
Development
MORE 96
Justice
Enforcement
Overtime
Library
Fund
Grant
Grant
Block Grant
Grant
-
$227,747
$ -
$ -
$200
$13,483
$ -
-
4,835
-
-
-
-
1,364
2,411
-
-
-
-
-
-
13,730
1,079
-
1,715
3,533
-
-
-
-
-
$232,644
$7,246
$13,730
$1,279
$13,483
$1,715
$2,077
$12,786
$ -
$ -
$330
$ -
2,570
1,189
-
-
-
-
304
-
-
-
-
-
-
140,083
10,390
47
-
2,633
_
_
_
-
14,489
-
4,951
154,058
10,390
47
14,819
2,633
3,533
-
-
-
-
-
224,160
-
-
-
-
-
-
(146,812)
3,340
1,232
(1,336)
(918)
227,693
(146,812)
3,340
1,232
(1,336)
(918)
$232,644
$7,246
$13,730
$1,279
$13,483
$1,715
FIX
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Assets
Cash and investments
Receivables:
Accounts
Taxes
Interest
Loans
Due from other governmental units
Due from other funds
Prepayments
Real estate held for resale
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
Insurance and taxes in escrow
Total liabilities
Fund balance (deficit):
Reserved for prepayments
Reserved for real estate held for resale
Reserved for program expenditures
Unreserved:
Designated for subsequent years' expenditures
Designated for working capital
Designated for maintenance
Undesignated
Total fund balance (deficit)
Total liabilities and fund balance
Recreation
Contributed Contributed Special Parking
Projects Projects Projects Ramp
$44,721 $21,103 $153,019 $251,877
1,553 2,862
- 408,027
$44,721 $21,103 $154,572 $662,766
44,721
21,103
154,572
662,766 -
44,721
21,103
154,572
0
$44,721
0
$154,572
0
0
44,721
21,103
154,572
662,766 -
44,721
21,103
154,572
662,766
$44,721
$21,103
$154,572
$662,766
Confiscated Housing MIF
Property Mortgage Medtronics
Total
Housing and Economic
Redevelopment Development
C.H.A.S.E. Authority Authority
Statement 10
Page 2 of 2
Totals
1999 1998
$69
$25,702
$724
$ -
$355,966
$1,039,240
$3,333,278
$3,076,716
-
-
-
-
-
15,707
47,989
35,072
-
-
-
-
4,174
1,475
5,649
9,412
-
292
-
-
336
9,937
31,937
22,033
-
-
-
-
94,125
-
94,125
127,857
-
-
240,725
16,937
-
147,147
437,676
164,723
-
446,352
-
-
-
-
854,379
864,951
-
-
-
-
-
-
3,533
1,145
-
-
-
-
45,113
54,830
99,943
99,943
$69
$472,346
$241,449
$16,937
$499,714
$1,268,336
$4,908,509
$4,401,852
$ -
$ -
$ -
$ -
$ -
$20,997
$38,072
$148,254
-
-
-
-
590
4,401
37,441
-
-
-
-
-
-
23,620
22,934
-
-
-
-
-
33,970
34,274
36,988
-
-
-
13,587
-
87,507
580,232
268,963
-
-
-
-
97,140
55,609
167,238
240,680
-
-
-
-
-
20,397
20,397
18,947
-
-
-
-
200
-
200
232
0
0
0
13,587
97,340
219,070
868,434
774,439
-
-
-
-
-
-
3,533
1,145
-
-
-
-
45,113
54,830
99,943
99,943
-
-
-
-
306,428
321,297
627,725
499,934
-
-
-
-
-
853,537
778,498
-
-
-
-
-
-
224,160
228,715
-
-
-
-
-
601,857
601,857
530,719
69
472,346
241,449
3,350
50,833
71,282
1,629,320
1,488,459
69
472,346
241,449
3,350
402,374
1,049,266
4,040,075
3,627,413
$69
$472,346
$241,449
$16,937
$499,714
$1,268,336
$4,908,509
$4,401,852
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Taxes
Intergovernmental
Fees /program revenues
Rents
Investment income:
Interest and dividends
Change in fair value
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
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 (deficit) - January 1, as previously stated
Prior period adjustment/restatements
Fund balance (deficit) - January 1, as restated
Residual equity transfers
Fund balance (deficit) - December 31
Municipal
State Cable Police /Fire D.A.R.E.
Aid Television Contingency Program Library
$ - $ - $ - $ - $467,518
130,698 - 89,228 - -
- 108,360 - - 16,868
21,082 47,421 - 7,090
(14,876) (33,460) - (5,002)
20 - - -
- - - 1,823 -
130,698 114,586 103,189 1,823 486,474
34,089
450
55,041
-
351,000
4,581
5,682
-
4,039
76,580
53,345
31,369
-
572
59,712 -
71,325
20,592
-
-
1,469
163,340
58,093
55,041
4,611
488,761
(32,642)
56,493
48,148
(2,788)
(2,287)
-
-
30,000
5,500
-
(50,000)
(47,164)
-
-
(7,524)
(50,000)
(47,164)
30,000
5,500
(7,524)
(82,642)
9,329
78,148
2,712
(9,811)
(246,551)
358,832
772,814
12,218
237,504
(246,551)
358,832
772,814
12,218
237,504
($329,193)
$368,161
$850,962
$14,930
$227,693
.,
FAST Community
COPS Development
Grant Fund
2,500
12,529
(8,840)
- 4,846
0 11,035
Statement 11
Page 1 of 2
Cops
Juvenile
Local Law
Cops
Federal MORE 96
Justice
Enforcement
Overtime
Police Grant Grant
Grant
Block Grant
Grant
13,045
-
691
91,462
- 19,856
10,918
22,104
18,850
0 19,856
10,918
22,104
18,850
52,445
239,967
-
19,974
5,384
-
18,761
-
4,793
-
-
1,404
13,045
-
691
91,462
-
6,075
1,517
-
-
3,740
-
-
-
16,268
-
53,136
339,962
0
19,974
12,863
30,830
18,761
(53,136)
(328,927)
0
(118)
(1,945)
(8,726)
89
-
248,394
-
-
2,305
7,838
-
-
(24,901)
-
-
-
-
-
0
223,493
0
0
2,305
7,838
0
(53,136)
(105,434)
0
(118)
360
(888)
89
53,633
(41,378)
31,792
3,458
872
(448)
(1,007)
53,633
(41,378)
31,792
3,458
872
(448)
(1,007)
(497)
-
(31,792)
-
-
-
-
$0
($146,812)
$0
$3,340
$1,232
($1,336)
($918)
RR
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Taxes
Intergovernmental
Fees /program revenues
Rents
Investment income:
Interest and dividends
Change in fair value
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
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 (deficit) - January 1, as previously stated
Prior period adjustment/restatements
Fund balance (deficit) - January 1, as restated
Residual equity transfers
Fund balance (deficit) - December 31
Recreation
Contributed Contributed Special Parking
Projects Projects Projects Ramp
51,195 -
- - 8,068 14,874
- - (5,693) (10,495)
38,818 18,685 - -
38,818 18,685 53,570 4,379
17,659
7,516
5,601
- 8,408 - -
3,041 -
8,042 7,236 53,570 4,379
- (1,213) -
0 (1,213) 0 0
8,042 6,023 53,570 4,379
36,679 15,080 101,002 658,387
$44,721 $21,103 $154,572 $662,766
:f
Total
Housing and Economic
Confiscated Housing MIF Redevelopment Development
Property Mortgage Medtronics C.H.A.S.E. Authority Authority
Statement 11
Page 2 of 2
Totals
1999 1998
$ -
$
$ _
$ _
$79,512
$109,527
$656,557
$613,394
356,072
56,564
51,896
1,006,900
1,765,586
1,811,164
11,751
16,354
16,469
220,997
380,823
-
-
432,505
432,505
426,094
_
1,518
-
-
9,054
52,092
173,728
151,293
_
(1,071)
-
-
(1,231)
(36,439)
(117,107)
28,025
29
-
-
39
-
151,746
156,680
220,994
_
_
59,326
45,178
29
447
356,072
68,354
1551585
1,732,800
3,348,272
3,676,965
_
-
35,383
-
-
35,383
47,566
_
9,541
-
-
27,200
30,553
19,930
-
-
27,446
34,663
-
-
5,601
1,875
_
_
88,770
865,881
1,010,176
203
19,932
138,667
134,588
-
115,346
-
6,104
1,165,718
1,534,952
1,709,216
_
_
_
_
206,145
319,539
590,266
0
0
115,346
64,854
6,307
1,480,565
2,954,669
3,558,903
29
447
240,726
3,500
149,278
252,235
393,603
118,062
1,213
-
-
-
306,428
17,245
618,923
462,330
_
_
_
(91,239)
(345,534)
(567,575)
(237,769)
1,213
0
0
0
215,189
(328,289)
51,348
224,561
1,242
447
240,726
3,500
364,467
(76,054)
444,951
342,623
(1,173)
471,899
723
(150)
37,907
1,125,320
3,627,413
3,301,450
_
_
_
(16,660)
(1,173)
471,899
723
(150)
37,907
1,125,320
3,627,413
3,284,790
_
_
-
(32,289)
-
$69
$472,346
$241,449
$3,350
$402,374
$1,049,266
$4,040,075
$3,627,413
M
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - MUNICIPAL STATE AID STREET FUND Statement 12
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental:
State of Minnesota:
Maintenance
Construction
Total revenues
Expenditures:
Maintenance:
Personal services
Supplies
Other services and charges
Capital outlay
Construction:
Personal services
Other services and charges
Capital outlay
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Operating transfers (out):
Maintenance
Net increase (decrease) in fund balance
1999
Over
(Under) 1998
Budget Actual Budget Actual
$160,000
$120,007
($39,993)
$163,435 -
397,200
10,691
(386,509)
452,347
557,200
130,698
(426,502)
615,782
9,800
31,567
21,767
42,418
2,000
4,581
2,581
47
66,110
29,770
(36,340)
46,589
54,900
7,592
(47,308)
41,108
19,600
2,522
(17,078)
13,989
30,000
23,575
(6,425)
44,661
347,600
63,733
(283,867)
482,439
530,010
163,340
(366,670)
671,251
27,190
(32,642)
(59,832)
(55,469)
(50,000) (50,000) - (30,000)
($22,810) (82,642) ($59,832) (85,469)
Fund balance (deficit) - January 1 (246,551) (161,082)
Fund balance (deficit) - December 31 ($329,193
($246,551)
TIM
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, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
1-
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
Revenues:
Franchise fees
$96,000
$108,360
$12,360
$97,091
Investment income:
Interest and dividends
10,000
21,082
11,082
17,884
Change in fair value
-
(14,876)
(14,876)
3,682
Other revenues:
20
20
25,028
Miscellaneous
Total revenues
-
106,000
114,586
8,586
143,685
Expenditures:
Personal services
6,414
450
(5,964)
338
Supplies
4,630
5,682
1,052
11,251
Other services and charges
103,575
31,369
(72,206)
39,050
Capital outlay
27,290
20,592
(6,698)
22,787
Total expenditures
141,909
58,093
(83,816)
73,426
Revenues over (under) expenditures
(35,909)
56,493
92,402
70,259
Other financing sources (uses):
Operating transfers (out)
(47,164)
(47,164)
-
(47,164)
Net increase (decrease) in fund balance
($83,073)
9,329
$92,402
23,095
Fund balance - January 1, as previously stated
358,832
338,051
Prior period adjustment/restatements
-
(2,314)
Fund balance - January 1, as restated
358,832
335,737
Fund balance - December 31
$368,161
$358,832
1-
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - POLICE /FIRE CONTINGENCY Statement 14
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
•,
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
Revenues:
Intergovernmental
$99,200
$89,228
($9,972)
$88,750
Investment income:
Interest and dividends
30,000
47,421
17,421
36,825
Change in fair value
(33,460)
(33,460)
7,581
Total revenues
129,200
103,189
(26,011)
133,156
Expenditures:
Personal services
85,000
55,041
(29,959)
79,398
Other services and charges
-
-
-
6,587
Total expenditures
85,000
55,041
(29,959)
85,985
Revenues over expenditures
44,200
48,148
3,945
47,171
Other financing sources:
Operating transfers in
30,000
30,000
-
65,000
Net increase in fund balance
$74,200
78,148
$3,948
112,171
Fund balance - January 1, as previously stated
772,814
664,091
Prior period adjustment/restatements
-
(3,448)
Fund balance - January 1, as restated
772,814
660,643
Fund balance - December 31
$850,962
$772,814
•,
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, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Other revenues:
Miscellaneous
Contributions
Total revenues
Expenditures:
Supplies
Other services and charges
Total expenditures
Revenues over (under) expenditures
Other financing sources:
Operating transfers in
Total other financing sources
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
1999
Budget
1,000 1,823
1,000 1,823
Over
(Under)
Budget
1998
$ _ $123
823 3,450
823 3,573
5,325
4,039
(1,286)
4,978
2,625
572
(2,053)
1,237
7,950
4,611
(3,339)
6,215
(6,950)
(2,788)
4,162
(2,642)
5,500
5,500
-
5,000
5,500
5,500
0
5,000
($1,450)
2,712
$4,162
2,358
91
12,218 9,860
$14,930 $12,218
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, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
92
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
Revenues:
Taxes
$467,518
$467,518
$ -
$443,145
Charges for services
22,300
16,868
(5,432)
16,139
Investment income:
Interest and dividends
12,000
7,090
(4,910)
7,666
Change in fair value
-
(5,002)
(5,002)
1,578
`
Other revenues:
Miscellaneous
200
-
(200)
-
Total revenues
502,018
486,474
(15,544)
468,528
Expenditures:
Personal services
343,085
351,000
7,915
331,428
Supplies
81,610
76,580
(5,030)
80,905
Other services and charges
75,036
59,712
(15,324)
58,907
Capital outlay
1,000
1,469
469
2,899
Total expenditures
500,731
488,761
(11,970)
474,139
Revenues over (under) expenditures
1,287
(2,287)
(3,574)
(5,611)
Other financing sources (uses):
Operating transfers (out)
(7,524)
(7,524)
-
(7,524)
Total other financing sources (uses)
(7,524)
(7,524)
0
(7,524)
Net increase (decrease) in fund balance
($6,237)
(9,811)
($3,574)
(13,135)
Fund balance - January 1, as previously stated
237,504
251,890 -"
Prior period adjustment/restatement
Fund balance - January 1, as restated
237,504
(1,251)
250,639
Fund balance - December 31
$227,693
$237,504
92
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - FAST COPS GRANT Statement 17
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental:
Federal grant
Investment income:
Interest and dividends
Change in fair value
Total revenues
Expenditures:
Personal services
Other services and charges
Total expenditures
Net increase (decrease) in fund balance
Fund balance - January 1, as previously stated
Prior period adjustment/restatements
Fund balance - January 1, as restated
Residual equity transfers
Fund balance - December 31
93
(497)
$0
$53,633
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
$ _
$ _
$ _
$10,301
3,685
758
0
0
0
14,744
65,785
52,445
(13,340)
55,978
-
691
691
-
65,785
53,136
(12,649)
55,978
($65,785)
(53,136)
$12,649
(41,234)
53,633
95,563
_
(696)
53,633
94,867
93
(497)
$0
$53,633
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - COMMUNITY DEVELOPMENT Statement 18
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental
Investment income:
Interest and dividends
Change in fair value
Other revenues:
Miscellaneous
Contributions
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 (deficit) - January 1
Fund balance (deficit) - December 31
Budget
0
1999
Over
(Under) 1998
Actual Budget Actual
$2,500
$2,500
$6,669
12,529
12,529
6,368
(8,840)
(8,840)
1,311
4,846
4,846
250
170,495
239,967
69,472
212,992
8,687
4,793
(3,894)
5,826
53,964
91,462
37,498
51,701
3,100
3,740
640
-
236,246
339,962
103,716
270,519 _
(236,246)
(328,927)
(92,681)
(255,401)
248,394
248,394
-
227,216
(24,901)
(24,901)
-
(7,180)
223,493
223,493
0
220,036
($12,753)
(105,434)
($92,681)
(35,365)
(41,378)
(6,013)
($146,812)
($41,378)
r'
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - FEDERAL POLICE GRANT Statement 19
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Investment income:
Interest and dividends
Changes in fair value
Total revenues
Expenditures:
Personal services
Total expenditures
Revenues over (under) expenditures
Other financing sources:
Operating transfers in
Net increase (decrease) in fund balance
Fund balance - January 1, as previously stated
Prior period adjustment/restatements
Fund balance - January 1, as restated
Residual equity transfer
Fund balance - December 31
95
1999
1998
$ -
$909
-
187
0
1,096
-
135,666
0
135,666
0
(134,570)
-
84,240
0
(50,330)
31,792
82,283
-
(161)
31,792
82,122
(31,792)
-
$0
$31,792
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - COPS MORE 96 Statement 20
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental:
Federal grant
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
•o
1999 1998
$19,856 $27,728
19,974
16,476
-
1,397
-
1,186
-
17,933
19,974
36,992
(118)
(9,264)
3,458
12,722
$3,340
$3,458
CITY OF COLUMBIA HEIGHTS, NHNNESOTA
SPECIAL REVENUE FUND - JUVENILE JUSTICE GRANT Statement 21
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental:
State 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
97
1999
1998
$10,918
$9,551
5,384
4,072
1,404
4,607
6,075
-
12,863
8,679
(1,945)
872
2,305
-
360
872
872
-
$1,232 $872
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - LOCAL LAW ENFORCEMENT BLOCK GRANT Statement 22
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental:
Federal grant
Expenditures:
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over (under) expenditures
Other financing sources:
Operating transfers in
Net increase (decrease) in fund balance
Fund balance (deficit) - January 1, as previously stated
Prior period adjustment/restatements
Fund balance (deficit) - January 1, as restated
Fund balance (deficit) - December 31
••
1999 1998
$22,104 $9,998
13,045
10,539
1,517
1,154
16,268
748
30,830
12,441
(8,726)
(2,443)
7,838
(888)
(448)
(448)
($1,336)
(2,443)
2,076
(81)
1,995
($448)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - COPS OVERTIME GRANT Statement 23
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental:
State grant
Expenditures:
Personal services
Net increase (decrease) in fund balance
Fund balance (deficit) - January 1
Fund balance (deficit) - December 31
••
1999
$18,850
18,761
89
(1,007)
($918)
1998
$30,000
31,007
(1,007)
($1,007)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - RECREATION CONTRIBUTED PROJECTS Statement 24
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Contributions
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses):
Operating transfers (out)
Net increase (decrease) in fund balance
Fund balance - January 1
Fund balance - December 31
100
1999
$38,818
17,659
7,516
5,601
30,776
8,042
8,042
36,679
$44,721
1998
$27,309
4,354
20,201
5,801
1,875
32,231
(4,922)
(3,000)
(7,922)
44,601
$36,679
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - CONTRIBUTED PROJECTS Statement 25
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Contributions
Expenditures:
Supplies
Other services and charges
Total expenditures
Revenues over expenditures
Other financing sources (uses):
Operating transfers (out)
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
101
$18,685 $5,899
8,408
-
3,041
4,608
11,449
4,608
7,236
1,291
(1,213)
-
6,023
1,291
15,080 13,789
$21,103 $15,080
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - SPECIAL PROJECTS
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Statement 26
1999
1998
Revenues:
Fees /program revenue
$51,195
$50,650
Investment income:
Interest and dividends
8,068
2,081
Change in fair value
(5,693)
428
Total revenues
53,570
53,159
Expenditures:
Other services and charges
-
5,000
Capital outlay
-
7,531
Total expenditures
0
12,531
Revenues over expenditures
53,570
40,628
Other financing sources:
Operating transfers in
-
60,374
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
102
53,570 101,002
101,002 -
$154,572 $101,002
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - PARKING RAMP Statement 27
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Investment income:
Interest and dividends
Change in fair value
Total revenues
Expenditures
Net increase in fund balance
Fund balance - January 1, as previously stated
Prior period adjustment/restatements
.. Fund balance - January 1, as restated
Fund balance - December 31
103
1999
$14,874
(10,495)
4,379
4,379
658,387
658,387
$662,766
1998
$12,664
2,607
15,271
15,271
644,718
(1,602)
643,116
$658,387
CITY OF COLUMBIA HEIGHTS, MINNESOTA ~
SPECIAL REVENUE FUND - CONFISCATED PROPERTY Statement 28
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Other revenue:
Confiscated property
Expenditures:
Supplies
Other services and charges
Capital outlay
Total expenditures
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
104
1999 1998
$29 $40
435
2,426
677
0 3,538
29 (3,498)
1,213
1,242 (3,498)
(1,173) 2,325
$69 ($1,173) —.
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - HOUSING MORTGAGE Statement 29
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
105
1999
1998
Revenues:
Investment income:
Interest and dividends
$1,518
$1,292
Change in fair value
(1,071)
266
Total revenues
447
1,558
Expenditures
-
-
Net increase in fund balance
447
1,558
Fund balance - January 1, as previously stated
471,899
470,504
Prior period adjustment/restatements
-
(163)
Fund balance - January 1, as restated
471,899
470,341
Fund balance - December 31
$472,3 -46
$471,899
105
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - MIF MEDTRONICS Statement 30
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
1999 1998
Revenues: -
Intergovernmental:
State grant
Investment income:
Interest and dividends
Change in fair value
Total revenues
Expenditures:
Loans and grants
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
I1:
$356,072 $134,653
- 601
- 123
356,072 135,377
115,346 134,654
240,726 723
$241,449
$723
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - C .H .A .S .E . Statement 31
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
107
1999
1998
Revenues:
Intergovernmental:
State grant
$56,564
$61,817
Fees /program revenue
11,751
15,607
Other revenues:
Miscellaneous
39
96
Total revenues
68,354
77,520
Expenditures:
Personal services
35,383
43,212
Supplies
9,541
10,352
Other services and charges
19,930
28,862
Total expenditures
64,854
82,426
Revenues over (under) expenditures
3,500
(4,906)
Other financing sources:
Operating transfers in
-
3,000
Net increase (decrease) in fund balance
3,500
(1,906)
Fund balance (deficit) - January 1
(150)
1,756
Fund balance (deficit) - December 31
$3,350
($150)
107
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
1:
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - HOUSING AND REDEVELOPMENT AUTHORITY (COMPONENT UNIT) Statement 32
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Taxes
Intergovernmental
Fees /program revenues
Investment income:
Interest and dividends
Change in fair value
Other
Total revenues
Expenditures:
Supplies
Other services and charges
Loans and grants
Total expenditures
Revenues over expenditures
Other financing sources (uses):
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
1999
-
203
Over
-
-
6,104
(Under)
1998
Budget
Actual
Budget
Actual
$80,239
$79,512
($727)
$71,936
11,000
51,896
40,896
11,896
15,212
16,354
1,142
24,545
3,560
9,054
5,494
7,265
-
(1,231)
(1,231)
-
306,428
_
_
348
110,011
155,585
45,574
115,990
-
203
203
-
-
6,104
6,104
-
-
-
-
25,000
0
6,307
6,307
25,000
110,011
149,278
39,267
90,990
-
306,428
306,428
-
(91,239)
(91,239)
-
(83,192)
(91,239)
215,189
306,428
(83,192)
$18,772
364,467
$345,695
7,798
109
37,907 30,109
$402,374 $37,907
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS - ECONOMIC DEVELOPMENT AUTHORITY (COMPONENT UNIT)
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
110
Economic
Anoka
Parkview
Development
County
Villa
Authority
CDBG
North
Admin
Assets
Cash and investments
$ -
$325,223
$89,594
Receivables:
Accounts
-
861
14,846
Taxes
-
-
1,475
Interest
-
3,071
-
Loans
-
-
-
Due from other governmental units
90,759
-
1,137
Real estate held for resale
43,000
-
-
Total assets
$133,759
$329,155
$107,052 -
Liabilities and Fund Balance
Liabilities:
Accounts payable
$7
$13,352
$690
Accrued salaries and withholdings payable
-
-
-
Due to other governmental units
-
18,259
-
Due to other funds
67,205
-
-
Deferred revenue
43,000
12,178
-
Deposits
1,010
11,000
-
Total liabilities
111,222
54,789
690
Fund balance (deficit):
Reserved for real estate held for resale
43,000
-
-
Reserved for program expenditures
-
274,366
12,587
Unreserved:
Designated for maintenance
-
-
-
Undesignated
(20,463)
-
93,775
Total fund balance (deficit)
22,537
274,366
106,362
Total liabilities and fund balance
$133,759
$329,155
$107,052
110
Statement 33
Parkview
Villa Rental Totals
Section 8 South Housing 1999 1998
$ - $623,139
6,727
55,251 -
$55,251 $629,866
$15
590
20,302
20,907
34,344
34,344
$55,251
$6,548
14,250
431
6,780
28,009
601,857
601,857
$629,866
$1,284
139
11,830
$13,253
$385
1,461
1,607
3,453
11,830
(2,030)
9,800
$13,253
111
$1,039,240
15,707
1,475
9,937
147,147
54,830
$1,268,336
$20,997
590
33,970
87,507
55,609
20,397
219,070
54,830
321,297
601,857
71,282
1,049,266
$1,268,336
$1,182,201
10,761
4,125
7,472
15,000
59,635
54,830
$1,334,024
$31,426
1,732
36,672
10,572
109,355
18,947
208,704
54,830
499,934
530,719
39,837
1,125,320
$1,334,024
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUNDS - ECONOMIC DEVELOPMENT AUTHORITY (COMPONENT UNIT)
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Taxes
Intergovernmental revenue
Fees /program revenues
Rents
Investment income:
Interest and dividends
Change in fair value
Other revenues:
Miscellaneous
Contributions
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Loans and grants
Capital outlay
Total expenditures
Revenues over 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, as previously stated
Prior period adj us tin ent/re statements
Fund balance - January 1, as restated
Fund balance - December 31
112
Economic
Anoka
Parkview
Development
County
Villa
Authority
CDBG
North
Admin
$ -
$ -
$109,527
300,286
51,027
-
15,000
-
1,469
-
240,405
-
-
15,960
-
-
(11,261)
-
-
43,028
31,047
142,043
315,286
339,159
10,069
5,053
20,189
204
13,535
268
90,259
241,605
34,734
6,600
-
33,470
198,848
1,867
3,207
305,980
262,060
91,868
9,306
77,099
50,175
17,245
-
-
(310,256)
(7,656)
(5,740)
(293,011)
(7,656)
(5,740)
(283,705)
69,443
44,435
306,242
204,923
61,927
204,923
306,242
61,927
$22,537
$274,366
$106,362
Section 8
655,587
449
42,273
Parkview
Villa
South
174,898
34,960
(24,668)
23,771
698,309
208,961
50,686
319
298
5,132
13,553
127,611
600,109
-
447
933
665,093
133,995
33,216
74,966
(18,054)
(3,828)
(18,054)
(3,828)
15,162
71,138
19,182
530,719
19,182
530,719
$34,344
$601,857
Rental
Housin
17,202
723
(510)
11,627
29,042
2,454
495
17,777
843
21,569
7,473
0
7,473
2,327
2,327
$9,800
113
1999
$109,527
1,006,900
16,469
432,505
52,092
(36,439)
151,746
1,732,800
88,770
19,932
525,539
640,179
206,145
1,480,565
252,235
17,245
(345,534)
(328,289)
(76,054)
1,125,320
1,125,320
$1,049,266
Totals
Statement 34
$98,313
804,019
176,791
426,094
54,053
9,504
195,109
8,000
1,771,883
86,414
14,603
451,810
834,646
14,144
1,401,617
370,266
17,500
(59,709)
(42,209)
328,057
804,207
(6,944)
797,263
$1,125,320
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND- ECONOMIC DEVELOPMENT AUTHORITY - Statement 35
ANOKA COUNTY CDBG - STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental revenue
Fees /program revenues
Investment income:
Interest and dividends
Other
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Loans and grants
Capital outlay
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses)
Budget
$242,673
1999
Actual
$300,286
15,000
Over
(Under)
Budget
$57,613
15,000
18,189
270
20,384
110,200
107,047
256,090
(13,417)
10,069
204
90,259
6,600
198,848
305,980
(8,120)
(66)
69,875
(103,600)
91,801
49,890
22,723
1998
Actual
$14,530
168,741
7,842
34,200
225,313
5,099
3,282
14,530
22,911
202,402
Operating transfers in
17,245
17,245 -
17,500
Operating transfers (out)
(3,828)
(310,256) (306,428)
(2,132)
Total other financing sources (uses)
13,417
(293,011) (306,428)
15,368
Net increase (decrease) in fund balance
$0
(283,705) ($283,705)
217,770
Fund balance - January 1
Fund balance - December 31
114
306,242
$22,537
88,472
$306,242
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - ECONOMIC DEVELOPMENT AUTHORITY- Statement 36
PARKVIEW VILLA NORTH - STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental revenue
Rents
Investment income:
Interest and dividends
Change in fair value
Other
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over expenditures
Other financing sources (uses):
Operating transfers (out)
Net increase in fund balance
Fund balance - January 1, as previously stated
Prior period adjustment/restatements
Fund balance - January 1, as restated
Fund balance - December 31
(7,656) (7,656)
$51 69,443
115
204,923
$274,366
$69,392
(20,610)
. 1
197,771
(1,314)
196,457
$204,923
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
$65,000
$51,027
($13,973)
$52,750
234,397
240,405
6,008
229,354
12,776
15,960
3,184
13,716
-
(11,261)
(11,261)
2,824
5,897
43,028
37,131
3,418
318,070
339,159
21,089
302,062
6,622
5,053
(1,569)
1,864
25,577
13,535
(12,042)
7,402
273,181
241,605
(31;576)
252,071
4,983
1,867
(31116)
11,649
310,363
262,060
(48,303)
272,986
7,707
77,099
69,392
29,076
(7,656) (7,656)
$51 69,443
115
204,923
$274,366
$69,392
(20,610)
. 1
197,771
(1,314)
196,457
$204,923
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND - ECONOMIC DEVELOPMENT AUTHORITY - Statement 37
EDA ADMINISTRATION - STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
116
1999
Over
(Under)
1998
Budget
Actual
Budget
Actual
Revenues:
Taxes
$111,048
$109,527
($1,521)
$98,313
Intergovernmental revenue
415,000
-
(415,000)
-
Fees /program revenues
4,375
1,469
(2,906)
8,050 -
Other revenues:
Miscellaneous
-
31,047
31,047
109,768
Contributions
-
-
-
8,000
Total revenues
530,423
142,043
(388,380)
224,131
Expenditures:
Personal services
71,218
20,189
(51,029)
29,514
Supplies
4,961
268
(4,693)
435
Other services and charges
33,987
34,734
747
26,198
Loans and grants
415,000
33,470
(381,530)
110,267
Capital outlay
1,550
3,207
1,657
-
Total expenditures
526,716
91,868
(434,848)
166,414
Revenues over expenditures
3,707
50,175
46,468
57,717
Other financing sources (uses):
Operating transfers (out)
(5,740)
(5,740)
-
(27,417)
Net increase (decrease) in fund balance
($2,033)
44,435
$46,468
30,300
Fund balance - January 1
61,927
31,627
Fund balance - December 31
$106,362
$61,927 -
116
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND- ECONOMIC DEVELOPMENT AUTHORITY - Statement 38
SECTION 8 HOUSING - STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Intergovernmental revenue
Investment income:
Interest and dividends
Change in fair value
Other
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Loans and grants
Capital outlay
Total expenditures
Revenues over expenditures
Other financing sources (uses):
Operating transfers (out)
Net increase (decrease) in fund balance
Fund balance - January 1, as previously stated
Prior period adjustment/restatements
Fund balance - January 1, as restated
Fund balance - December 31
1999
Over
(Under)
Budget Actual Budget
$994,500 $655,587 ($338,913)
2,500
449
(2,051)
75,354
42,273
(33,081)
1,072,354
698,309
(374,045)
58,237
50,686
(7,551)
2,590
298
(2,292)
12,405
13,553
1,148
994,500
600,109
(394,391)
158
447
289
1,067,890
665,093
(402,797)
4,464
33,216
28,752
(18,054)
(18,054)
-
($13,590)
15,162
$28,752
117
19,182
$34,344
1998
Actual
$736,739
3,527
717
43,229
784,212
48,685
415
12,328
709,849
12,935
(5,960)
14,403
(2,196)
12,207
$19,182
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND- ECONOMIC DEVELOPMENT AUTHORITY - Statement 39
PARKVIEW VILLA SOUTH - STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
Revenues:
Rents
Investment income:
Interest and dividends
Change in fair value
Other
Total revenues
Expenditures:
Personal services
Supplies
Other services and charges
Capital outlay
Total expenditures
Revenues over expenditures
Other financing sources (uses):
Operating transfers (out)
Net increase in fund balance
Fund balance - January 1, as previously stated
Prior period adjustmentlrestatements
Fund balance - January 1, as restated
Fund balance - December 31
1999
3,310
319
Over
584
10,117
5,132
(Under)
1998
Budget
Actual
Budget
Actual
$181,140
$174,898
($6,242)
$175,108
31,641
34,960
3,319
27,499
-
(24,668)
(24,668)
5,661
6,583
23,771
17,188
4,290
219,364
208,961
(10,403)
212,558 _
3,310
319
(2,991)
584
10,117
5,132
(4,985)
5,981
145,715
127,611
(18,104)
139,862
5,917
933
(4,984)
1,375
165,059
133,995
(31,064)
147,802
54,305
74,966
20,661
64,756
(3,828) (3,828)
$50,477 71,138
118
530,719
$601,857
$20,661
(3,590)
11 'LL
472,806
(3,253)
469,553
$530,719
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL REVENUE FUND- ECONOMIC DEVELOPMENT AUTHORITY - Statement 40
RENTAL HOUSING - STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
For The Year Ended December 31, 1999
With Comparative Actual Totals For The Year Ended December 31, 1998
1999
Expenditures:
Personal services
Budget
Actual
Revenues:
6,500
495
Rents
$16,100
$17,202
Investment income:
-
843
Interest and dividends
-
723
Change in fair value
-
(510)
Other
120,150
11,627
Total revenues
136,250
29,042
Expenditures:
Personal services
5,967
2,454
Supplies
6,500
495
Other services and charges
23,649
17,777
Capital outlay
-
843
Total expenditures
36,116
21,569
Net increase (decrease) in fund balance
$100,134
7,473
Fund balance (deficit) - January 1, as previously stated 2,327
Prior period adjustment/restatements -
Fund balance (deficit) - January 1, as restated 2,327
Fund balance - December 31 $9,800
119
Over
(Under)
Budget
$1,102
723
(510)
(108,523)
(107,208)
(3,513)
(6,005)
(5,872)
843
(14,547)
($92,661)
1998
Actual
$21,632
1,469
302
204
23,607
668
370
18,069
1,120
20,227
(872)
(181)
(1,053)
$2,327
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
120
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. These bonds are repaid primarily from tax
increments.
Special Assessment Improvement Bonds — are repaid primarily from special assessments.
121
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUNDS Statement 41
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Tax
Increment
Tax Refunding Multi -Use G.O.
Increment Bonds Redevelopment Improvement Totals
Bonds of 1991 Plan 1999A 1999 1998
Assets
Cash and investments
$1,290,306 $
-
$ -
$436,957
$1,727,263
$1,565,655
Receivables:
Taxes:
Unremitted
9,567
-
-
-
9,567
37,511
Delinquent
105,723
-
-
-
105,723
36,500
Interest
10,297
-
-
41
10,338
9,153
Due from other funds
95,171
-
-
-
95,171
112,095
Total assets
$1,511,064
$0
$0
$436,998
$1,948,062
$1,760,914
Liabilities and Fund Balance
Liabilities:
Accounts payable
$83,035 $
-
$375
$ -
$83,410
$104,648
Due to other governmental units
-
-
-
-
-
11,423 -
Due to other funds
854,379
-
81,232
13,939
949,550
964,231
Deferred revenue:
Property taxes - delinquent
105,723
-
-
-
105,723
36,500
Total liabilities
1,043,137
0
81,607
13,939
1,138,683
1,116,802
Fund balance (deficit):
Unreserved:
Designated for debt service
467,927
-
-
423,059
890,986
752,279
Undesignated
-
-
(81,607)
-
(81,607)
(108,167)
Total fund balance (deficit)
467,927
0
(81,607)
423,059
809,379
644,112
Total liabilities and fund balance
$1,511,064
$0
$0
$436,998
$1,948,062
$1,760,914
122
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DEBT SERVICE FUNDS Statement 42
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Tax
Tax Increment Multi -Use G.O.
Increment Refunding Redevelopment Improvement Totals
Bonds Bonds of 1991 Plan 1999A 1999 1998
Revenues:
Tax increments
Investment income:
Interest and dividends
Change in fair value
Other revenues
Total revenues
Expenditures:
Debt service:
Principal retirement
Interest and fiscal charges
Miscellaneous
Total expenditures
Revenues over (under) expenditures
Other financing sources (uses)
$1,081,172 $ - $17,353 $ - $1,098,525 $1,174,151
53,509 - - 215 53,724 56,550
(37,755) - - (152) (37,907) 11,641
- - 9,250 - 9,250 -
1,096,926 0 26,603 63 1,123,592 1,242,342
-
945,000
- - 945,000
990,000
750
138,918
- 13,961 153,629
191,110
172,322
-
43 - 172,365
233,149
173,072
1,083,918
43 13,961 1,270,994
1,414,259
923,854
(1,083,918)
26,560 (13,898) (147,402)
(171,917)
Operating transfers in
750 1,083,918
- 436,957 1,521,625
1,183,141
Operating transfers (out)
(1,208,956) -
- - (1,208,956)
(1,183,141)
Total other financing sources (uses)
(1,208,206) 1,083,918
0 436,957 312,669
0
Net increase (decrease) in fund balance
(284,352) 0
26,560 423,059 165,267
(171,917)
Fund balance (deficit) - January 1,
as previously stated
Prior period adjustment/restatements
Fund balance (deficit) - January 1, as restated
Fund balance (deficit) - December 31
752,279 - (108,167) - 644,112 822,740
- - - - - (6,711)
752,279 0 (108,167) 0 644,112 816,029
$467,927 $0 ($81,607) $423,059 $809,379 $644,112
123
CITY OF COLUMBIA HEIGHTS, MINNESOTA
124
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.
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.
Medtronic Development Fund 406 - used to account for revenues and expenditures associated
with an agreement with Medtronic Corporation related to a major expansion project.
TIF District #2 Fund 407 - used to account for revenues and expenditures located within the
Tax Increment Financing District 42.
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.
125
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
126
Downtown
Capital
Parking
TIF
Sheffield
Improvement
Maintenance
District #2
Redevelopment
Fund 401
Fund 405
Fund 407
Fund 410
Assets
Cash and investments
$18,517
$30,432
$ -
$367,345
Receivables:
Accounts
Special assessments:
Unremitted
Delinquent
-
Deferred
_
_
Interest
-
381
-
-
Loans
-
-
-
2,959
Due from other governmental units
_
_
-
Real estate held for resale
-
-
74,600
Total assets
$18,517
$30,813
$0
$444,904
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
-
2,243
806,677
Deferred revenue
-
Deposits
-
_
_
7,000
Total liabilities
0
0
2,243
813,677
Fund balance (deficit):
Reserved for real estate held for resale
-
-
74,600
Unreserved:
Designated for subsequent years' expenditures
-
_
_
-
Designated for capital improvement
_
_
_
Undesignated
18,517
30,813
(2,243)
(443,373)
Total fund balance (deficit)
18,517
30,813
(2,243)
(368,773)
Total liabilities and fund balance
$18,517
$30,813
$0
$444,904
126
Statement 43
Capital
- - 1,691
2,109
_ 83,475
Improvement
63,342
_ - 604,210
- - 604,210
General
Capital
Capital
Capital
Government
Improvement
Improvement
Infrastructure Equipment
Buildings
Parks
Projects
Replacement Replacement Totals
Fund 411
Fund 412
Fund 415
Fund 430 Fund 431 1999 1998
S - S533,464 S - $745,338 $3,269,848 $4,964,944 $4,874,496
194
_ 1,691
- - 1,691
2,109
_ 83,475
- - 83,475
63,342
_ - 604,210
- - 604,210
626,176
- 2,284 -
10,828 37,382 50,875
45,582
_
_ - 2,959
3,506
-
4,782
_ - _
_ _ 74,600
74,600
$0 $535,748 $689,376
$756,166 $3,307,230 $5,782,754
$5,694,787
S
$22
$72,963
S -
$15,745
$88,730
$56,970
1,516
-
-
1,516
1,753
13
17,298
-
17,311
13
-
652
28,044
-
47,466
-
-
884,430
1,413,626
_
687,685
-
-
687,685
689,518
-
_
_
_
7,000
-
28,057
22
826,928
0
15,745
1,686,672
2,162,532
-
-
_
_
-
74,600
74,600
-
8,834
3,327
41,291
53,452
22,734
-
359,948
-
-
359,948
315,326
(28,057)
166,944
(137,552)
752,839
3,250,194
3,608,082
3,119,595
(28,057)
535,726
(137,552)
756,166
3,291,485
4,096,082
3,532,255
$0
$535,748
$689,376
$756,166
$3,307,230
$5,782,754
$5,694,787
127
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Revenues:
Special assessments
Intergovernmental
Investment income:
Interest and dividends
Change in fair value
Other revenues:
Miscellaneous
Project reimbursement
Proceeds from sale of land
Total revenues
Expenditures:
Other project expenditures
Revenue over (under) expenditures
Other financing sources (uses):
Proceeds from bonds
Operating transfers in
Operating transfers (out)
Total other financing sources (uses)
Net increase (decrease) in fund balance
Fund balance (deficit) - January 1, as previously stated
Prior period adjustment/restatements
Fund balance (deficit) - January 1, as restated
Residual equity transfers
Fund balance (deficit) - December 31
128
Water
Downtown
Capital
Surface
Parking
Medronic
TIF
Improvement
Management
Maintenance
Development
District #2
Fund 401
Fund 403
Fund 405
Fund 406
Fund 407
1,980
(1,397)
0
0
583
0
0
458
-
5,140
-
-
(458)
0
(4,557)
0
0
44,622
-
(18,788)
-
(359,948)
0
(18,788)
0
(315,326)
0
(458)
(18,788)
(4,557)
(315,326)
0
18,975
18,788
35,370
315,326
(2,243)
18,975
18,788
35,370
315,326
(2,243)
$18,517
$0
$30,813
$0
($2,243)
128
Statement 44
129
58
Capital
11,871
56,269
185,365
255,543
235,688
Improvement
(8,376)
-
(39,703)
(137,070)
General
Capital
Capital
_
Capital
Capital
Sheffield
Government
Improvement
Improvement
Infrastructure
Equipment
Improvement
Redevelopment
Buildings
Parks
Projects
Replacement
Replacement Totals
Fund 408
Fund 410
Fund 411
Fund 412
Fund 415
Fund 430
Fund 431 1999 1998
$
$
$
$
$399,300
$ -
$ - $399,300 $543,108
1,151,757
_
48,295
1,396,754
1,567,882
- 103,002
129
58
11,871
56,269
185,365
255,543
235,688
_
(8,376)
-
(39,703)
(137,070)
(186,546)
46,663
_
-
97,029
-
97,029
44,497
_
655,428
-
-
655,428
223,576
176,000
-
-
-
-
176,000
371,348
0
176,058
0
3,495
1,151,757
16,566
48,295
1,396,754
1,567,882
25,531
26,730
40,551
1,148,915
303,908
173,596
1,724,829
2,116,599
0
150,527
(26,730)
(37,056)
2,842
(287,342)
(125,301)
.(328,075)
(548,717)
_
_
-
853,120
-
-
853,120
161,886
-
409,948
-
100,000
140,000
856,456
362,192
- _
_
-
(1,981)
(436,957)
-
-
(817,674)
-
0
161,886
0
407,967
416,163
100,000
140,000
891,902
362,192
0
312,413
(26,730)
370,911
419,005
(187,342)
14,699
563,827
(186,525)
19,876
(681,186)
(1,327)
164,815
(556,557)
923,632
3,276,786
3,532,255
3,751,069
_
_
-
-
(32,289)
19,876
(681,186)
(1,327)
164,815
(556,557)
923,632
3,276,786
3,532,255
3,718,780
(19,876)
-
-
19,876
-
-
$0
($368,773)
($28,057)
$535,726
($137,552)
$756,166
$3,291,485
$4,096,082
$3,532,255
129
(D -
CITY OF COLUMBIA HEIGHTS, MINNESOTA
130
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 of refuse and recycling in the City.
Storm Sewer Utility Fund — used to account for revenues and expenses associated with storm
water disposal.
Liquor Fund - used to account for revenues and expenses associated with the operation of three
off -sale liquor stores.
131
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Due from other governmental
units, current portion
Due from other funds
Prepayments
Inventory, at cost
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
Due to other funds
Accrued interest payable
Deposits
Total current liabilities
Long -term liabilities (net of current portion):
Bonds payable
Total liabilities
Fund equity:
Contributed capital:
Municipal funds
Property owners /customers
Federal funds
Total contributed capital
Retained earnings:
Reserved for capital improvements
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
132
Water
$1,096,937
274,808
11,310
4,194
1,387,249
45,223
462,288
3,471,164
302,627
1,258,224
5,539,526
1,990,325
3,549,201
$4,936,450
$90,930
24,912
117,418
49,937
29,150
3,744
316,091
1,010,914
1,327,005
4,198
219,749
453,000
676,947
1,643,543
1,288,955
2,932,498
3,609,445
$4,936,450
Sewer
$1,289,279 -
276,816
19,234
13,748
637,677
2,236,754
281,755
36,586
57,942
3,635,698
542,191
505,547
4,777,964
2,423,719
2,354,245
$4,872,754
$54,985
22,022
13,750
1,106
91,863
38,353
130,216
4,198
434,527
438,725
1,825,345
2,478,468
4,303,813
4,742,538
$4,872,754
$273,266
$800,784 $1,348,519
301,680
- 194
12,765
6,642 12,611
12,391
- 1,375
325,985
169,000
-
- 655,111
926,087
807,426 2,186,810
Statement 45
1999
1998
$4,808,785
$3,803,095
853,498
803,632
62,562
36,638
27,514
13,565
1,132,662
1,511,001
-
59,147
659,305
650,071
7,544,326
6,877,149
133
-
281,755
320,909
_
4,360
86,169
86,169
6,000
-
181,631
707,861
703,201
14,456
93,183
103,409
7,317,910
6,869,382
107,681
-
370,187
1,322,686
1,093,747
-
_
-
1 ,763,771
243,674
128,137
93,183
659,587
11,198,397
8,996,173
17,218
388
525,364
4,957,014
4,736,638
110,919
92,795
134,223
6,241,383
4,259,535
$1,037,006
$900,221
$2,321,033
$14,067,464
$11,457,593
S73
$
$262,851
$408,839
$267,857
15
49,078
96,027
122,690
-
131,168
2,776
65,243
115,180
133,915
_
-
101,568
25,540
55,796
-
-
-
3,744
3,744
88
25,540
377,172
810,754
632,550
885,733
-
1,935,000
-
88
911,273
377,172
2,745,754
632,550
_
-
8,396
8,396
654,276
719,505
-
-
453,000
453,000
0
0
0
1,115,672
1,180,901
_
806,300
21,955
4,297,143
2,473,348
1,036,918
(817,352)
1,921,906
5,908,895
7,170,794
1,036,918
(11,052)
1,943,861
10,206,038
9,644,142
1,036,918
(11,052)
1,943,861
11,321,710
10,825,043
$1,037,006
$900,221
$2,321,033
$14,067,464
$11,457,593
133
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Operating revenues:
Charges for services:
Customer services
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
Recycling
Hazardous waste
Cost of goods sold
Operating expense
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Change in fair value
Intergovernmental
Miscellaneous revenues
Interest and fiscal charges
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- stated
Prior period adjustment/restatements
Retained earnings - January 1, as restated
Retained earnings - December 31
134
Water
$26,336
30,306
1,231,948
60,023
1,348,613
777,947
396,668
20,071
84,982
1,279,668
68,945
58,772
(41,469)
3,159
(36,270)
(9,246)
(25,054)
43.891
1,932,231
(1,384,681)
547,550
591,441
26,294
2,314,763
2,314,763
$2,932,498
Sewer
1,233,221
1,233,221
648,114
265,535
12,424
106,568
1,032,641
200,580
137,313
(70,525)
53,832
(1,715)
118,905
319,485
234,055
(650,254)
(416,199)
(96,714)
38,935
4,361,592
4,361,592
$4,303,813
Statement 46
Totals
Refuse Storm Sewer Liquor 1999 1998
$ -
1,313,232
1,313,232
1,199,111
9,843
14,875
8,908
7,675
1,240,412
72.820
66,336
(46,806)
63,837
1,609
84,976
157,796
(465,840)
(465,840)
(308,044)
1,344,962
1,344,962
$1,036,918
0
388
388
(388)
34,520
(24,357)
(39,615)
(29,452)
(29,840)
982,621
(963,833)
18,788
(11,052)
0
($11,052)
2,015,726
3,335,712
648,092
669,846
6,669,376
5,238,023
907,136
20,762
6,165,921
503,455
65,532
(46,239)
10,078
(3,623)
25,748
529,203
(208,167)
(208,167)
321,036
1,622,825
1,622,825
$1,943,861
135
$26,336
30,306
1,233,221
1,313,232
1,231,948
60,023
2,015,726
3,335,712
648,092
669,846
10,564,442
2,625,172
662,203
42,338
14,875
8,908
5,238,023
907,136
220,375
9,719,030
845.412
362,473
(229,396)
63,837
68,678
(77,600)
(12,869)
175,123
1,020,535
3,148,907
(3,672,775)
(523,868)
496,667
65,229
9,644,142
9,644,142
$10,206,038
$16,209
28,904
1,113,112
1,334,998
1,236,405
9,463
1,847,218
3,266,126
596,178
658,167
10.106.780
2,714,681
650,154
40,844
11,968
3,004
5,009,923
875,742
206,638
9,512,954
593,826
267,055
46,607
62,340
87,373
(135,478)
327,897
921,723
754,065
(1,348,526)
(594,461)
327,262
65,229
9,278,969
(27,318)
9,251,651
$9,644,142
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
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
Proceeds from sale of bonds
Interest and fiscal charges
Net cash flows from capital and related financing activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
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 inventory, at cost
Increase (decrease) in accounts payable
Increase (decrease) in accrued
salaries and withholdings payable
Increase (decrease) in contracts payable- retained percentage
Increase (decrease) in due to other governmental units
Increase (decrease) in due to other funds
Total adjustments
Net cash flows from operating activities
136
Water
$1 ,453,974
(877,899)
(233,931)
3,159
(9,246)
336,057
1,932,231
(1,3 84,681)
547,550
(1,426,131)
1,010,914
(7,120)
(422,337)
53,729
(41,469
12,260
473,530
623,407
623,407
$1,096,937
$68,945
3,159
(9,246)
84,982
3,793
101,568
590
(1,719)
88,346
(2,496)
117,418
(17,715)
(101,568)
267,112
Sewer
$1,280,480
(668,952)
(139,827)
53,832
525,533
234,055
(650,254)
(416,199
(560,870)
39,459
(1,715)
(523,126)
132,270
(70,525)
61,745
(352,047)
1,641,326
1,641,326
$1,289,279
$200,580
53,832
106,568
(37,485)
38,230
46,514
58,557
61,381
(2,644)
324,953
$336,057 $525,533
Statement 47
r
27,878
59,731
Totals
267,525
Refuse
Storm Sewer
Liquor
1999
1998
$1,514,975
$ -
$6,668,691
$10,918,120
$9,602,042
(1,232,514)
-
(5,607,911)
(8,387,276)
(8,259,585)
(1,621)
-
(563,680)
(939,059)
(875,956)
_ 65,446
-
10,079
132,516
149,713
-
-
(3,623)
(12,869)
(135,478)
346,286
0
503,556
1,711,432
480,736
-
982,621
-
3,148,907
754,065
(465,840)
(963,833)
(208,167)
(3,672,775)
(1,348,526)
(465,840)
18,788
(208,167)
(523,868)
(594,461)
(108,690)
(93,183)
(13,349)
(2,202,223)
(240,189)
(135,478)
911,273
388
1,961,646
220,375
206,638
(39,615)
-
(48,450)
-
(108,690)
778,475
(13,349)
(289,027)
(240,189)
62,941
27,878
59,731
336,549
267,525
(46,806)
(24,357)
(46,239)
(229,396)
46,607
16,135
3,521
13,492
107,153
314,132
(212,109)
800,784
295,532
1,005,690
(39,782)
485,375
1,052,987
3,803,095
3,870,195
-
-
-
(27,318)
485,375
0
1,052,987
3,803,095
3,842,877
$273,266
$800,784
$1,348,519
$4,808,785
$3,803,095
$72,820
($388)
$503,455
$845,412
$593,826
.- 65,446
10,079
132,516
149,713
-
-
(3,623)
(12,869)
(135,478)
7,675
388
20,762
220,375
206,638
(16,123)
-
(51)
(49,866)
21,566
(12,391)
(634)
25,205
86,780
230,257
-
378,339
(613,085)
-
59,147
(58,352)
(7,516)
(9,235)
27,746
(1,413)
3,642
151,956
79,501
15
(21,538)
(26,663)
19,943
117,418
-
(1,020)
(18,735)
370
-
(101,568)
101,568
273,466
388
101,
866,020
(113,090)
$346,286
$0
$503,556
$1,711,432
5480,736
137
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Statement 48
Capital
Equipment Capital
Operating Replacement Construction Debt Totals
Account Account Account Service 1999 1998
Assets
Current assets:
-
-
1,010,914
1,010,914
-
Cash and cash equivalents
$457,841
$216,180
$373,828
$49,088
$1,096,937
$623,407
Receivables:
Accounts
274,808
-
-
-
274,808
278,601
Interest
8,245
2,827
238
-
11,310
6,267
Due from other funds
-
-
-
-
101,568
Prepayments
-
-
-
-
590
Inventory, at cost
4,194
-
-
-
4,194
2,475
Total current assets
745,088
219,007
374,066
49,088
1,387,249
1,012,908
Fixed assets:
-
219,007
1,424,536
-
1,643,543
246,672
Land
45,223
-
-
-
45,223
45,223
Buildings
462,288
-
1,424,536
-
462,288
459,958
Improvements other than buildings
3,471,164
-
1,424,536
-
3,471,164
3,250,768
Machinery and equipment
302,627
-
-
-
302,627
250,436
Construction in process
-
1,258,224
-
1,258,224
107,010
Total fixed assets
4,281,302
0
1,258,224
0
5,539,526
4,113,395
Less: accumulated depreciation
1,990,325
-
-
1,990,325
1,905,343
Net fixed assets
2,290,977
0
1,258,224
0
3,549,201
2,208,052
Total assets
$3,036,065
$219,007
$1,632,290
$49,088
$4,936,450
$3,220,960
Liabilities and Fund Equity
Current liabilities:
Accounts payable
$594
$
$90,336
$ -
$90,930
$2,584
Accrued salaries and withholdings payable
24,912
-
-
24,912
27,408
Contracts payable - retained percentage
-
117,418
-
117,418
-
Due to other governmental units
49,937
-
-
49,937
67,652
Due to other funds
-
-
-
101,568
Accrued interest payable
-
29,150
29,150
-
Deposits
3,744
-
-
3,744
3,744
Total current liabilities
79,187
0
207,754
29,150
316,091
202,956
Long -term liabilities (net of current portion)
Bonds payable
-
-
1,010,914
1,010,914
-
Totalliabilities
79,187
0
207,754
1,040,064
1,327,005
202,956
Fund equity:
Contributed capital:
Municipal funds
4,198
-
-
4,198
4,198
Property owners
219,749
219,749
246,043
Federal funds
453,000
-
453,000
453,000
Total contributed capital
676,947
0
0
0
676,947
703,241
Retained earnings:
Reserved for capital improvements
-
219,007
1,424,536
-
1,643,543
246,672
Unreserved
2,279,931
-
-
(990,976)
1,288,955
2,068,091
Total retained earnings
2,279,931
219,007
1,424,536
(990,976)
2,932,498
2,314,763
Total fund equity
2,956,878
219,007
1,424,536
(990,976)
3,609,445
3,018,004
Total liabilities and fund equity
$3,036,065
$219,007
$1,632,290
$49,088
$4,936,450
$3,220,960
138
CITY OF COLUMBIA HEIGHTS, MINNESOTA Statement 49
WATER UTILITY FUND
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Operating revenues:
Charges for services:
Customer services
Penalties
Charges for sales:
Water
Meter
Total operating revenues
Operating expenses:
Cost of sales and services
Distribution
Administration
Depreciation
Total operating expenses
Net income from operations
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Change in fair value
Miscellaneous revenues
Interest and fiscal charges
Miscellaneous expenses
Total nonoperating revenues (expenses)
Net income before operating transfers
Capital
Equipment Capital
Operating Replacement Construction Debt
Account Account Account Service
Totals
1999 1998
$26,336 $ $ $ - $26,336 $16,209
30,306 - - - 30,306 28,904
1,231,948 - - 1,231,948 1,236,405
12,086 - - 47,937 60,023 9,463
1,300,676 0 0 47,937 1,348,613 1,290,981
777,947
-
-
-
777,947
760,438
396,668
-
-
-
396,668
362,056
20,071
-
-
-
20,071
14,136
84,982
-
-
-
- 84,982
78,186
1,279,668
0
0
0
1,279,668
1,214,816
-
-
21,008
0
0
47,937
68,945
76,165
6,052
_
2,314,763
2,296,704 (6 292)
Prior period adjustment/restatements
Retained earnings- January 1, as restated
-
2,068,091
42,845
14,690
1,237
-
58,772
38,725
(30,231)
(10,365)
(873)
-
(41,469)
7,972
843
-
2,316
-
3,159
16,424
-
-
(36,270)
(36,270)
-
(303)
(8,943)
(9,246)
(6,554)
13,457
4,022
2,680
(45,213)
(25,054)
56,567
34,465
4,022
2,680
2,724
43,891
132,732
Operating transfers:
271,031
25,000
1,636,200
1,932,231
598,636
Operating transfers in
Operating transfers (out)
(119,950)
(50,635)
(220,396)
(993,700)
(1,384,681)
(733,311)
(134,675)
Total operating transfers
151,081
(25,635)
1,415,804
(993,700)
547,550
Net income (loss)
185,546
(21,613)
1,418,484
(990,976)
591,441
(1,943)
Credit for depreciation on contributed assets
26,294
-
-
26,294
26,294
Retained earnings- January 1, as previously stated
2,068,091
240,620
6,052
_
2,314,763
2,296,704 (6 292)
Prior period adjustment/restatements
Retained earnings- January 1, as restated
-
2,068,091
240,620
6,052
0
2,314,763
2,290,412
Retained earnings - December 31
$2,279,931
$219,007
$1,424,536
($990,976)
$2,932,498
52,314,763
139
CITY OF COLUMBIA HEIGHTS, MINNESOTA
WATER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
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
Proceeds from sale of bonds
Interest and fiscal charges
Net cash flows from capital and related financing activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
Cash and cash equivalents - December 31
Reconciliation of operating income to
net cash flows from operating activities
Operating income
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
Miscellaneous expenses
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in due from other funds
(Increase) decrease in prepayments
(Increase) decrease in inventory, at cost
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Increase (decrease) in contracts payable - retained percentage
Increase (decrease) in due to other governmental units
Increase (decrease) in due to other funds
Total adjustments
Net cash flows from operating activities
140
Statement 50
1999
1998
$1,453,974
$1,185,244
(877,899)
(841,948)
(233,931)
(198,042)
3,159
16,424
(9,246)
(6,554)
336,057
155,124
1,932,231 598,636
(1,384,681) (733,311)
547,550 (134,675)
(1,426,131) (112,519)
1,010,914
(7,120)
(422,337) (112,519)
53,729
41,717
(41,469)
7,972
12,260
49,689
473,530
(42,381)
623,407
672,080
-
(6,292)
623,407
665,788
$1,096,937 $623,407
$68,945
$76,165
3,159
16,424
(9,246)
(6,554)
84,982
78,186
3,793
(4,169)
101,568
(101,568)
590
(24)
(1,719)
1,196
88,346
(12,566)
(2,496)
7,747
117,418
-
(17,715)
(1,281)
(101,568)
101,568
267,112
78,959
$336,057
$155,124
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
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
Accrued interest payable
Total current liabilities
Long -term liabilities (net of current portion):
Bonds payable
Total liabilities
Fund equity:
Contributed capital:
Municipal funds
Customers
Total contributed capital
Retained earnings:
Reserved for capital improvements
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
Statement 51
Capital
Equipment Capital
Operating Replacement Construction Debt Totals
Account Account Account Service 1999 1998
$553,348 $298,460 $437,427
276,816 - -
5,186 3,747 10,301
13,748 - -
- - 637,677
849,098 302,207 1,085,405
not -,cc
$44 $1,289,279 $1,641,326
276,816 239,331
19,234 14,191
13,748 12,824
637,677 684,191
- 58,557
44 2,236,754 2,650,420
281,755 320,909
36,586
-
36,586
36,586
57,942
-
-
-
57,942
55,612
3,635,698
-
-
-
3,635,698
3,512,315
542,191
-
-
-
542,191
475,916
-
-
505,547
-
505,547
136,664
4,272,417
0
505,547
0
4,777,964
4,217,093
2,423,719
-
-
-
2,423,719
2,317,150
1,848,698
0
505,547
0
2,354,245
1,899,943
$2,979,551
$302,207
$1,590,952
$44
$4,872,754
$4,871,272
$921
$
$54,064
$
$54,985
$4,578
22,022
-
-
-
22,022
24,666
-
-
13,750
-
13,750
2,776
-
-
-
1,106
1,106
-
22,943
0
67,814
1,106
91,863
32,020
-
-
38,353
38,353
-
22,943
0
67,814
39,459
130,216
32,020
4,198
-
-
4,198
4,198
434,527
-
434,527
473,462
438,725
0
0
0
438,725
477,660
-
302,207
1,523,138
-
1,825,345
2,205,098
2,517,883
-
-
(39,415)
2,478,468
2,156,494
21517,883
302,207
1,523,138
(39,415)
4,303,813
4,361,592
2,956,608
302,207
1,523,138
(39,415)
4,742,538
4,839,252
$2,979,551
$302,207
$1,590,952
$44
$4,872,754
$4,871,272
141
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND Statement 52
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Capital
Equipment Capital
Operating Replacement Construction Debt Totals
Account Account Account Service 1999 1998
Operating revenues:
Charges for sales and services:
Sewer service charges
$1,233,221
$ -
$ -
$ -
$1,233,221
S1,113,112
Operating expenses:
Cost of sales and services
648,114
-
-
648,114
761,002
Distribution
265,535
-
-
265,535
288,098
Administration
12,424
-
-
12,424
10,140
Depreciation
106,568
-
-
-
106,568
102,514
Total operating expenses
1,032,641
0
0
0
1,032,641
1,161,754
Net income (loss) from operations
200,580
0
0
0
200,580
(48,642)
Nonoperating revenues (expenses)
Investment income:
_.
Interest and dividends
39,787
19,474
78,052
-
137,313
128,347
Change in fair value
(19,016)
(13,741)
(37,768)
-
(70,525)
18,052
Intergovernmental
-
-
-
-
-
5,000
Miscellaneous revenues
49,697
-
4,135
-
53,832
59,157
Interest and fiscal charges
-
-
(1,715)
(1,715)
-
Miscellaneous expenses
-
-
-
-
(128,576)
Total nonoperating revenues (expenses)
70,468
5,733
44,419
(1,715)
118,905
81,980
Net income (loss) before operating transfer
271,048
5,733
44,419
(1,715)
319,485
33,338
Operating transfers:
Operating transfers in
171,355
25,000
37,700
234,055
134,194
Operating transfers (out)
(119,949)
(47,972)
(444,633)
(37,700)
(650,254)
(221,975)
Total operating transfers
51,406
(22,972)
(406,933)
(37,700)
(416,199)
(87,781)
Net income (loss)
322,454
(17,239)
(362,514)
(39,415)
(96,714)
(54,443)
Credit for depreciation on contributed assets
38,935
-
-
-
38,935
38,935
Retained earnings - January 1, as previously stated
2,156,494
319,446
1,885,652
-
4,361,592
4,388,227
Prior period adjustment /restatements
-
-
-
-
(11,127)
Retained earnings - January 1, as restated
2,156,494
319,446
1,885,652
0
4,361,592
4,377,100
Retained earnings - December 31
$2,517,883
$302,207
$1,523,138
($39,415)
$4,303,813
S4,361,592
142
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SEWER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
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
Proceeds from sale of bonds
Interest and fiscal charges
Net cash flows from capital and related financing activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents- January 1, as restated
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
Total adjustments
Net cash flows from operating activities
143
Statement 53
1999 199R
$1,280,480
$1,244,651
(668,952)
(963,213)
(139,827)
(162,863)
53,832
64,157
-
(128,576)
525,533
54,156
234,055 134,194
(650,254) (221,975)
(416,199) (87,781)
(560,870) (122,336)
39,459 -
(1,715)
(523,126) (122,336)
132,270
130,526
(70,525)
18,052
61,745
148,578
(352,047)
(7,383)
1,641,326
1,659,836
-
(11,127)
1,641,326
1,648,709
$1,289,279 $1,641,326
$200,580 ($48,642)
53,832
64,157
-
(128,576)
106,568
102,514
(37,485)
1 3,177
38,230
73,637
46,514
44,725
58,557
(58,478)
61,381
(13,874)
(2,644)
5,516
324,953
102,798
$525,533 $54,156
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 54
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Due from other governmental units
Due from other funds
Total current assets
Fixed assets:
Buildings
Improvements other than buildings
Machinery and equipment
Total fixed assets
Less: accumulated depreciation
Net fixed assets
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Accrued salaries and withholdings payable
Total liabilities
Fund equity:
Retained earnings:
Unreserved
Total liabilities and fund equity
144
1999 1998
$273,266
301,680
12,765
12,391
325,985
926,087
6,000
14,456
107,681
128,137
17,218
110,919
$1,037,006
$73
15
88
1,036,918
$1,037,006
$485,375
285,557
9,370
556,242
1,336,544
6,000
2,890
10,557
19,447
9,543
9,904
$1,346,448
$1,486
1,486
1,344,962
$1,346,448
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 55
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
1999 1998
Operating revenues:
Refuse service charges $1,313,232 $1,334,998
Operating expenses
Cost of sales and services
1,199,111
1,193,241
Administration
9,843
16,568
Recycling
14,875
11,968
Hazardous waste
8,908
3,004
Depreciation
7,675
1,076
Total operating expenses
1,240,412
1,225,857
Net income from operations
72,820
109,141
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
66,336
57,903
Change in fair value
(46,806)
11,920
Intergovernmental
63,837
57,340
Miscellaneous revenues
1,609
644
Total nonoperating revenues (expenses)
84,976
127,807
Net income before operating transfers
157,796
236,948
Operating transfers
Operating transfers (out)
(465,840)
(126,682)
Net income (loss)
(308,044)
110,266
Retained earnings - January 1, as previously stated
1,344,962
1,239,331
Prior period adjustment/restatements
-
(4,635)
Retained earnings - January 1, as restated
1,344,962
1,234,696
Retained earnings - December 31
$1,036,918
$1,344,962
145
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REFUSE UTILITY FUND Statement 56
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For the Year Ended December 31, 1998
Cash flows from operating activities:
Cash received from customers
Cash paid to suppliers for goods and services
Cash payments to employees for services
Miscellaneous revenues
Net cash flows from operating activities
Cash flows from noncapital financing activities:
Operating transfers (out)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
Cash and cash equivalents - December 31
Reconciliation of operating income to
net cash flows from operating activities
Operating income
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
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 accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Total adjustments
Net cash flows from operating activities
146
1999
$1,514,975
(1,232,514)
(1,621)
65,446
346,286
(465,840)
1998
$803,077
(1,223,295)
57,984
(362,234)
(126,682)
(108,690) (2,349)
62,941
52,267
(46,806)
11,920
16,135
64,187
(212,109)
(427,078)
485,375
917,088
-
(4,635)
485,375
912,453
$273,266 $485,375
$72,820 $109,141
65,446
7,675
(16,123)
(12,391)
230,257
(1,413)
$346,286
57,984
1,076
12,688
11,633
(556,242)
1,486
(471,375)
($362,234)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER UTILITY FUND
BALANCE SHEET
December 31, 1999
Statement 57
Fixed assets:
Improvements other than buildings
93,183
Capital
-
93,183
Total fixed assets
Operating
Construction
Debt
93,183
Less: accumulated depreciation
Account
Account
Service
1999
Assets
92,795
0
0
92,795
Current assets:
$92,913
$806,300
$1,008
$900,221
Cash and cash equivalents
$41
$799,735
$1,008
$800,784
Receivables:
Current liabilities:
Interest
77
6,565
-
6,642
Total current assets
118
806,300
1,008
807,426
Fixed assets:
Improvements other than buildings
93,183
-
-
93,183
Total fixed assets
93,183
0
0
93,183
Less: accumulated depreciation
388
-
-
388
Net fixed assets
92,795
0
0
92,795
Total assets
$92,913
$806,300
$1,008
$900,221
Liabilities and Fund Equity
Current liabilities:
Accrued interest payable
$ - $
-
$25,540
$25,540
Long -term liabilities (net of current portion):
Bonds payable
-
-
885,733
885,733
Total liabilities
0
0
911,273
911,273
Fund equity:
Retained earnings:
Reserved for capital improvements
-
806,300
-
806,300
Unreserved
92,913
-
(910,265)
(817,352)
Total retained earnings
92,913
806,300
(910,265)
(11,052)
Total fund equity
92,913
806,300
(910,265)
(11,052)
Total liabilities and fund equity
$92,913
$806,300
$1,008
$900,221
147
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER UTILITY FUND Statement 58
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For The Year Ended December 31, 1999
Operating revenues:
Operating expenses:
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses)
Investment income:
Interest and dividends
Change in fair value
Interest and fiscal charges
Total nonoperating revenues (expenses)
Net income (loss) before operating transfers
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income (loss)
Retained earnings - January 1
Retained earnings - December 31
Capital
Operating Construction
Account Account
388 -
388 0
(388) 0
Debt
Service 1999
- 388
0 388
0 (388)
402
34,118
-
34,520
(284)
(24,073)
-
(24,357)
-
-
(39,615)
(39,615)
118
10,045
(39,615)
(29,452)
(270)
10,045
(39,615)
(29,840)
93,183
889,438
-
982,621
-
(93,183)
(870,650)
(963,833)
93,183
796,255
(870,650)
18,788
92,913
806,300
(910,265)
(11,052)
.•
$92,913 $806,300 ($910,265) ($11,052)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
STORM SEWER UTILITY FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
Statement 59
1999
Cash flows from operating activities: $ -
Cash flows from noncapital financing activities
Operating transfers in
982,621
Operating transfers (out)
(963,833)
Net cash flows from noncapital financing activities
18,788
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(93,183)
Proceeds from sale of bonds
911,273
Interest and fiscal charges
(39,615)
Net cash flows from capital and related fmancing activities
778,475
Cash flows from investing activities:
Investment income:
Interest and dividends
27,878
Change in fair value
(24,357)
Net cash flows from investing activities
3,521
Net increase in cash and cash equivalents
800,784
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
Total adjustments
Net cash flows from operating activities
149
$800,784
($388)
388
388
$0
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 60
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Capital
Equipment
Operating Replacement Totals
Account Account 1999 1998
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Due from other governmental units
Due from other funds
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:
Reserved for capital improvements
Unreserved
Total retained earnings
Total liabilities and fund equity
$1,326,811
$21,708
$1,348,519
$1,052,987
194
-
194
143
12,364
247
12,611
6,810
1,375
-
1,375
741
169,000
-
169,000
169,000
655,111
-
655,111
647,596
2,164,855
21,955
2,186,810
1,877,277
4,360
-
4,360
4,360
181,631
-
181,631
181,631
103,409
-
103,409
103,409
370,187
-
370,187
356,838
659,587
0
659,587
646,238 -
525,364
-
525,364
504,602
134,223
0
134,223
141,636
$2,299,078
$21,955
$2,321,033
$2,018,913
$262,851 $ -
$262,851
$259,209
49,078 -
49,078
70,616
65,243 -
65,243
66,263
377,172 0
377,172
396,088
- 21,955 21,955
21,578
1,921,906 - 1,921,906
1,601,247
1,921,906 21,955 1,943,861
1,622,825
$2,299,078 $21,955 $2,321,033
$2,018,913
150
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND Statement 61
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Operating expenses:
Cost of goods sold 2,497,805
1,550,194
1,190,024
5,238,023
-
Capital
5,009,923
Operating expense 488,331
279,534
139,271
Operating Accounts
Total
Equipment
875,742
Depreciation 5,503
12,488
2,771
Top
Heights
Operating
Replacement
Totals
1,842,216
Top Valu
Valu I1
Liquor
Accounts
Account
1999
1998
Operating revenues:
503,455
0
503,455
457,162
Nonoperating revenues (expenses):
Charges for sales:
Investment income:
Liquor
$929,029
$649,009
$437,688
$2,015,726
$ -
$2,015,726
$1,847,218
Beer
1,529,863
928,168
877,681
3,335,712
-
3,335,712
3,266,126
Wine
339,409
228,032
80,651
648,092
-
648,092
596,178
Other
339,914
167,770
162,162
669,846
-
669,846
658,167
Total operating revenues
3,138,215
1,972,979
1,558,182
6,669,376
0
6,669,376
6,367,689
Operating expenses:
Cost of goods sold 2,497,805
1,550,194
1,190,024
5,238,023
-
5,238,023
5,009,923
Operating expense 488,331
279,534
139,271
907,136
-
907,136
875,742
Depreciation 5,503
12,488
2,771
20,762
-
20,762
24,862
Total operating expenses 2,991,639
1,842,216
1,332,066
6,165,921
0
6,165,921
5,910,527
Net income from operations $146,576
$130,763
$226,116
503,455
0
503,455
457,162
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
64,250
1,282
65,532
42,080
Change in fair value
(45,334)
(905)
(46,239)
8,663
Miscellaneous revenues
10,078
-
10,078
11,148
Miscellaneous expenses
(3,623)
-
(3,623)
(348)
Total nonoperating revenues (expenses)
25,371
377
25,748
61,543
Net income before operating transfers
528,826
377
529,203
518,705
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income
Retained earnings - January 1, as previously stated
Prior period adjustment/restatements
Retained earnings - January 1, as restated
Retained earnings - December 31
151
21,235
(208,167) - (208,167) (266,558)
(208,167) 0 (208,167) (245,323)
320,659 377 321,036 273,382
1,601,247 21,578 1,622,825 1,354,707
- - (5,264)
1,601,247 21,578 1,622,825 1,349,443
$1,921,906 $21,955 $1,943,861 $1,622,825
CITY OF COLUMBIA HEIGHTS, MINNESOTA
LIQUOR FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Statement 62
1999
1998
Cash flows from operating activities:
Cash received from customers
$6,668,691
$6,369,070
Cash paid to suppliers for goods and services
(5,607,911)
(5,231,129)
Cash payments to employees for services
(563,680)
(515,051)
Miscellaneous revenues
10,079
11,148
Miscellaneous expenses
(3,623)
(348)
Net cash flows from operating activities
503,556
633,690
Cash flows from noncapital financing activities:
Operating transfers in
-
21,235
Operating transfers (out)
(208,167)
(266,558)
Net cash flows from noncapital financing activities
(208,167)
(245,323)
Cash flows from capital and related financing activities:
Acquisition of fixed assets
(13,349)
(2,985)
Cash flows from investing activities:
Investment income:
Interest and dividends
59,731
43,015
Change in fair value
(46,239)
8,663
Net cash flows from investing activities
13,492
51,678
Net increase in cash and cash equivalents
295,532
437,060
Cash and cash equivalents - January 1, as previously stated
1,052,987
621,191
Prior period adjustment/restatements
-
(5,264)
Cash and cash equivalents - January 1, as restated
1,052,987
615,927
Cash and cash equivalents - December 31
$1,348,519
$1,052,987
Reconciliation otoperating income to
net cash tows trom operating activities
Operating income
$503,455
$457,162
Adjustments to reconcile operating income to net
cash flows from operating activities:
Miscellaneous revenues
10,079
11,148
Miscellaneous expenses
(3,623)
(348)
Depreciation expense
20,762
24,862
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(51)
(130)
(Increase) decrease in due from other governmental units
(634)
1,510
(Increase) decrease in prepayments
-
150
(Increase) decrease in inventory, at cost
(7,516)
26,550
Increase (decrease) in accounts payable
3,642
104,455
Increase (decrease) in accrued salaries and withholdings payable
(21,538)
6,680
Increase (decrease) in due to other governmental units
(1,020)
1,651
Total adjustments
101
176,528
Net cash flows from operating activities
$503,556
$633,690
152
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 certain costs of the City's risk management services
and to build a reserve for catastrophe losses. All costs for claims and claims
administration are recorded in the fund and allocated to user funds based on a percentage
risk factor. Insurance premiums are recorded directly in the user funds.
Compensated Absences Fund - used to account for funds that have been set aside by the
City Council for compensated absences.
153
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
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
Claims payable
Accrued salaries and withholdings payable
Capital lease payable current
Accrued interest payable
Total current liabilities
Long -term liabilities:
Compensated absences payable
Capital lease payable net of current
"Dotal long -term liabilities
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
Central Energy Data Compensated
Garage Management Processing Insurance Absences
Statement 63
Totals
1999 1998
$174,390
$25,644
$106,265
$901,832
$519,664
$1,727,795
$1,765,949
1,766
-
-
255
-
2,021
568
2,409
285
1,044
10,484
5,604
19,826
15,059
-
11,313
12
46,914
-
58,239
73,122 _..
61,606
-
-
-
-
61,606
74,326
240,171
37,242
107,321
959,485
525,268
1,869,487
1,929,024
-
-
-
731,301
452,381
374,137
395,871
-
-
-
770,008
750,324
121,550
314,910
-
0
0
436,460
436,460
106,921
-
90,250
65,432
6,784
197,171
171,295
602,608
710,781
90,250
0
0
1,403,639
1,358,079
351,091
710,781
73,703
-
-
1,135,575
986,977
251,517
0
16,547
0
0
268,064
371,102
$491,688
$37,242
$123,868
$959,485
$525,268
$2,137,551
$2,300,126
$1,243
$6,229
$4,308
$28,184
$
$39,964
$16,855
-
-
-
200,000
-
200,000
200,000
20,401
-
2,476
-
0
22,877
30,899
-
58,907
-
731,301
58,907
113,915
-
296
-
-
-
296
868
21,644
65,432
6,784
228,184
0
322,044
362,537
-
-
-
731,301
452,381
452,381
471,029
-
-
-
-
-
-
58,907
0
0
0
0
452,381
452,381
529,936
21,644
65,432
6,784
228,184
452,381
774,425
892,473
124,196
-
124,196
124,196
64,653
-
64,653
64,653
188,849
0
0
0
0
188,849
188,849
-
-
731,301
731,301
779,399
13,170
13,798
-
-
26,968
45,028
268,025
(28,190)
103,286
-
72,887
416,008
394,377
281,195
(28,190)
117,084
731,301
72,887
1,174,277
1,218,804
470,044
(28,190)
117,084
731,301
72,887
1,363,126
1,407,653
$491,688
$37,242
$123,868
$959,485
$525,268
$2,137,551
$2,300,126
154
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS Statement 64
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
155
Central
Energy
Data
Compensated
Totals
Garage
Management Processing
Insurance
Absences
1999
1998
Operating revenues:
Charges for services:
Services to departments
$101,442
$256,787
$ -
$
$
$358,229
$352,146
Use of space
162,840
-
162,840
162,840
Insurance allocation
-
318,365
318,365
317,053
Recovery of damages
-
10,973
-
10,973
48,024
Charges for sales:
Sales of gasoline
46,653
-
46,653
45,439
Total operating revenues
310,935
256,787
0
329,338
0
897,060
925,502
Operating expenses:
Cost of services and space
323,038
216,863
132,528
311,150
983,579
995,378
Claims administration
-
-
-
73,398
73,398
103,299
Claims
-
-
-
8,928
8,928
209,172
Depreciation
35,980
101,581
11,037
-
148,598
151,958
Total operating expenses
359,018
318,444
143,565
393,476
0
1,214,503
1,459,807
Net income (loss) from operations
(48,083)
(61,657)
(143,565)
(64,138)
0
(317,443)
(534,305)
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
12,515
1,480
5,430
54,483
29,121
103,029
93,053
Change in fair value
(8,831)
(1,044)
(3,831)
(38,443)
(20,547)
(72,696)
19,154
Miscellaneous revenues
3,686
3,686
3,807
Interest expense
-
(6,003)
-
-
(6,003)
(10,706)
Miscellaneous expense
-
-
(5,340)
Total nonoperating revenues (expenses)
7,370
(5,567)
1,599
16,040
8,574
28,016
99,968
Net income (loss) before operating transfers
(40,713)
(67,224)
(141,966)
(48,098)
8,574
(289,427)
(434,337)
Operating transfers:
Operating transfers in
18,000
100,000
196,808
-
314,808
233,980
Operating transfers (out)
(53,100)
-
(16,808)
-
(69,908)
(36,500)
Total operating transfers
(35,100)
100,000
180,000
0
0
244,900
197,480
Net income (loss)
(75,813)
32,776
38,034
(48,098)
8,574
(44,527)
(236,857)
Retained earnings - January I, as previously stated
357,008
(60,966)
79,050
779,399
64,313
1,218,804
1,468,056
Prior period adjustment/restatements
-
-
-
-
-
(12,395)
Retained earnings - January 1, as restated
357,008
(60,966)
79,050
779,399
64,313
1,218,804
1,455,661
Retained earnings - December 31
$281,195
(528,190)
$117,084
$731,301
$72,887
$1,174,277
$1,218,804
155
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Cash flows from operating activities:
Cash received from customers /damages
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
Disposition of fixed assets
Interest expense
Net cash flows from capital
and related financing activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
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 prepayments
(Increase) decrease in inventory, at cost
Increase (decrease) in accounts payable
Increase (decrease) in claims payable
Increase (decrease) in accrued
salaries and withholdings payable
Increase (decrease) in capital lease payable
Increase (decrease) in accrued interest payable
Total adjustments
Net cash flows from operating activities
Central Energy Data Compensated
Garage Management Processing Insurance Absences
Statement 65
Totals
1999 1998
$309,169 $256,787 $ - $329,651 $ - $895,607 $925,264
(164,000) (325,581) (41,991) (354,775) (18,648) (904,995) (1,012,080)
(150,226) (101,129) (251,355) (245,024)
3,686 3,686 3,807
- - (5,340)
(1,371) (68,794) 143,120 (25,124) (18,648) (257,057) (333,373)
18,000 100,000 196,808 314,808 233,980
(53,100) - (16,808) (69,908) (36,500)
(35,100) 100,000 180,000 0 0 244,900 197,480
(35,315) (10,245)
(6,003)
(35,315) (6,003) (10,245)
(45,560) (12,605)
54
(6,003) (10,706)
0 0 (51,563) (23,257)
12,345
1,195
4,755
52,067
27,900
98,262
96,234
(8,831)
(1,044)
(3,831)
(38,443)
(20,547)
(72,696)
19,154
3,514
151
924
13,624
7,353
25,566
115,388
- -
-
200,000
(68,272)
25,354
27,559
(11,500)
(11,295)
(38,154)
(43,762)
242,662
290
78,706
913,332
530,959
1,765,949
1,822,106
-
-
-
-
-
-
(12,395)
242,662
290
78,706
913,332
530,959
1,765,949
1,809,711
$174,390
$25,644
$106,265
$901,832
$519,664
$1,727,795
$1,765,949
($48,083) ($61,657) ($143,565) ($64,138) SO ($317,443) ($534,305)
3,686
3,686
3,807
- - -
-
(5,340)
35,980 101,581 11,037 -
148,598
151,958
(1,766) - - 313
(1,453)
(238)
276 (343) 18 14,932
14,883
(9,792)
12,720 - -
12,720
(4,108)
(3,848) 6,112 (2,924) 23,769
23,109
(30,017)
- -
-
200,000
(336) (7,686) (18,648) (26,670) 4,447
- (113,915) (113,915) (108,910)
- (572) - (572) (875)
46,712 (7,137) 445 39,014 (18,648) 60,386 200,932
($1,371) ($68,794) ($143,120) ($25,124) ($18,648) ($257,057) ($333,373)
156
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
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
Total liabilities
Fund equity:
Contributed capital:
Municipal funds
Property owners
Total contributed capital
Retained earnings:
Reserved for capital improvements
Unreserved
Total retained earnings
Total fund equity
Total liabilities and fund equity
Operating
Account
Capital
Equipment
Replacement
Statement 66
Totals
1999 1998
$161,464
$12,926
$174,390
$242,662
1,766
-
1,766
-
2,165
244
2,409
2,239
-
-
276
61,606
-
61,606
74,326
227,001
13,170
240,171
319,503
374,137
-
374,137
354,453
121,550
-
121,550
121,550
106,921
-
106,921
91,290
602,608
0
602,608
567,293
351,091
-
351,091
315,111
251,517
0
251,517
252,182
$478,518
$13,170
$491,688
$571,685
$1,243
$ -
$1,243
$5,091
20,401
-
20,401
20,737
21,644
0
21,644
25,828
124,196
-
124,196
124,196
64,653
-
64,653
64,653
188,849
0
188,849
188,849
-
13,170
13,170
37,194
268,025
-
268,025
319,814
268,025
13,170
281,195
357,008
456,874
13,170
470,044
545,857
$478,518
$13,170
$491,688
$571,685
157
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND Statement 67
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
158
Capital
Equipment
Operating
Replacement
Totals
Account
Account
1999
1998
Operating revenues:
Charges for services:
Services to departments
$101,442
$ -
$101,442
$105,085
Use of space
162,840
-
162,840
162,840
Charges for sales:
Sales of gasoline
46,653
-
46,653
45,439
Total operating revenues
310,935
0
310,935
313,364
Operating expenses:
Cost of services and space
308,642
14,396
323,038
293,565
Depreciation
35,980
-
35,980
34,723
Total operating expenses
344,622
14,396
359,018
328,288
Net income (loss) from operations
(33,687)
(14,396)
(48,083)
(14,924)
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
11,250
1,265
12,515
13,839
Change in fair value
(7,938)
(893)
(8,831)
2,848
Miscellaneous revenues
3,686
-
3,686
3,807
Total nonoperating revenues (expenses)
6,998
372
7,370
20,494
Net income (loss) before operating transfers
(26,689)
(14,024)
(40,713)
5,570
Operating transfers:
Operating transfers in
14,000
4,000
18,000
4,000
Operating transfers (out)
(39,100)
(14,000)
(53,100)
(23,500)
Total operating transfers
(25,100)
(10,000)
(35,100)
(19,500)
Net income (loss)
(51,789)
(24,024)
(75,813)
(13,930)
Retained earnings - January 1, as previously stated
319,814
37,194
357,008
372,437
Prior period adjustment/restatements
-
-
-
(1,499)
Retained earnings - January 1, as restated
319,814
37,194
357,008
370,938
Retained earnings - December 31
$268,025
$13,170
$281,195
$357,008
158
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CENTRAL GARAGE FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
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:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
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
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in prepayments
(Increase) decrease in inventory, at cost
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Total adjustments
Net cash flows from operating activities
159
IWOM
$309,169
(164,000)
(150,226)
3,686
(1,371)
18,000
(53,100)
(35,100)
Statement 68
1998
$313,439
(161,330)
(141,081)
3,807
14,835
4,000
(23,500)
(19,500)
(35,315) (2,947)
12,345
(8,831)
3,514
(68,272)
242,662
242,662
$174,390
13,807
2,848
16,655
9,043
235,118
(1,499)
233,619
$242,662
($48,083) ($14,924)
3,686
35,980
(1,766)
276
12,720
(3,848)
(336)
46,712
($1,371)
3,807
34,723
75
48
(4,108)
(7,159)
2,373
29,759
$14,835
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENERGY MANAGEMENT FUND Statement 69
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Assets 1999 1998
Current assets:
Cash and cash equivalents $25,644 $290
Interest receivable 285
Prepayments 11,313 10,970
Total current assets 37,242 11,260
Fixed assets:
Buildings
395,871
395,871
Improvements other than buildings
314,910
314,910
Total fixed assets
710,781
710,781
Less: accumulated depreciation
710,781
609,200
Net fixed assets
0
101,581
Total assets
$37,242
$112,841
Liabilities and Fund Equity
Current liabilities:
Accounts payable
$6,229
$117
Capital lease payable current
58,907
113,915
Accrued interest payable
296
868
Total current liabilities
65,432
114,900
Long -term liabilities:
Capital lease payable net of current
-
58,907
Total liabilities
65,432
173,807
Retained earnings:
Unreserved
(28,190)
(60,966)
Total liabilities and fund equity
$37,242
$112,841
160
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENERGY MANAGEMENT FUND Statement 70
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Operating revenues:
Charges for services:
Services to departments
Operating expenses:
Cost of services and space
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Change in fair value
Interest expense
Total nonoperating revenues (expenses)
Net income (loss) before operating transfers
Operating transfers:
Operating transfers in
Net income
Retained earnings - January 1
Retained earnings - December 31
161
$256,787 $247,061
216,863
189,070
101,581
101,540
318,444
290,610
(61,657)
(43,549)
1,480
(1,044)
(6,003) (10,706)
(5,567) (10,706)
(67,224) (54,255)
100,000 88,480
32,776 34,225
(60,966) (95,191)
($28,190) ($60,966)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ENERGY MANAGEMENT FUND Statement 71
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Cash flows from operating activities:
Cash received from customers
Cash paid to suppliers for goods and services
Net cash flows from operating activities
Cash flows from noncapital financing activities:
Operating transfers in
Cash flows from capital and related financing activities:
Interest expense
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January I
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 prepayments
Increase (decrease) in accounts payable
Increase (decrease) in capital lease payable
Increase (decrease) in accrued interest payable
Total adjustments
Net cash flows from operating activities
162
1999 1998
$256,787
(325,581)
(68,794)
100,000
(6,003)
1,195
(1,044)
151
$247,061
(325,257)
(78,196)
88,480
(10,706)
0
25,354 (422)
290 712
$25,644 $290
($61,657) ($43,549)
101,581 101,540
(343)
(338)
6,112
(26,014)
(113,915)
(108,910)
(572)
(875)
(7,137)
(34,597)
($68,794) ($78,146)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DATA PROCESSING FUND Statement 72
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Capital
Equipment
Operating Replacement Totals
Account Account 1999 1998
Assets
Current assets:
Cash and cash equivalents
Interest receivable
Prepayments
Total current assets
Fixed assets:
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
Retained earnings:
Reserved for capital improvements
Unreserved
Total retained earnings
Total liabilities and fund equity
$92,579 $13,686 $106,265 $78,706
932 112 1,044 369
I 1'1 2n
90,250
- 90,250
80,005
90,250
0 90,250
80,005
73,703
- 73,703
62,666
16,547
0 16,547
17,339
-
$110,070
$13,798 $123,868
$96,444
$4,308 $
-
$4,308
$7,232
2,476
-
2,476
10,162
6,784
0
6,784
17,394
-
13,798
13,798
7,834
103,286
-
103,286
71,216
103,286
13,798
117,084
79,050
$110,070
$13,798
$123,868
$96,444
163
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DATA PROCESSING FUND
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Capital
Equipment
Operating Replacement
Account Account 1999
Operating revenues e m
Operating expenses:
Cost of services
Depreciation
Total operating expenses
Net income (loss) from operations
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Change in fair value
Miscellaneous expenses
Total nonoperating revenues (expenses)
Net income (loss) before operating transfers
Operating transfers:
Operating transfers in
Operating transfers (out)
Total operating transfers
Net income (loss)
Retained earnings - January I
Retained earnings - December 31
Totals
Statement 73
1998
132,528
-
132,528
132,936
1 1,037
-
11,037
1 5,695
143,565
0
143,565
148,631
(143,565)
0
(143,565)
(148,631)
4,847
583
5,430
2,277
(3,420)
(411)
(3,831)
468
1,427
-
1,599
(5,340)
(2,595)
172
(142,138)
172
(141,966)
(151,226)
185,508
11,300
196,808
141,500
(11,300)
(5,508)
(16,808)
(13,000)
174,208
5,792
180,000
128,500
32,070
5,964
38,034
(22,726)
71,216
7,834
79,050
101,776
$103,286
$13,798
$117,084
$79,050
164
CITY OF COLUMBIA HEIGHTS, MINNESOTA
DATA PROCESSING FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
- Cash flows from operating activities:
Cash paid to suppliers for goods and services
Cash payments to employees for services
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
Disposition of fixed assets
Net cash flows from capital and related financing activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1
Cash and cash equivalents - December 31
Reconciliation of operating income (loss) to
net cash flows from operating activities
Operating income (loss)
Adjustments to reconcile operating income (loss) to net
cash flows from operating activities:
Miscellaneous expenses
Depreciation expense
Changes in assets and liabilities:
(Increase) decrease in prepayments
Increase (decrease) in accounts payable
Increase (decrease) in accrued salaries and withholdings payable
Total adjustments
Net cash flows from operating activities
165
Statement 74
1999 1998
($41,991) ($20,145)
(101,129) (103,943)
(5,340)
(143,120) (129,428)
196,808
(16,808)
180,000
(10,245)
(10,245)
4,755
(3,831)
924
27,559
141,500
(13,000)
128,500
(9,658)
54
(9,604)
1,908
468
2,376
(8,156)
78,706 86,862
$106,265 $78,706
($143,565) ($148,631)
- (5,340)
11,037 15,695
18
119
(2,924)
6,460
(7,686)
2,269
445
19,203
($143,120) ($129,428)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND Statement 75
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
Assets
Current assets:
Cash and cash equivalents
Receivables:
Accounts
Interest
Prepayments
Total assets
Liabilities and Fund Equity
Current liabilities:
Accounts payable
Claims payable
Total current liabilities
Fund equity:
Retained earnings:
Reserved for insurance
Total liabilities and fund equity
..
$901,832
$913,332
255
568
10,484
8,068
46,914
61,846
$959,485
$983,814
$28,184
$4,415
200,000
200,000
$228,184
$204,415
731,301 779,399
$959,485 $983,814
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND
- STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Statement 76
1999
1998
Operating revenues:
Insurance allocation
$318,365
$317,053
Recovery of damages
10,973
48,024
Total operating revenues
329,338
365,077
Operating expenses:
Insurance premiums
311,150
379,807
Claims administration
73,398
103,299
Claims
8,928
209,172
Total operating expenses
393,476
692,278
Net income (loss) from operations
(64,138)
(327,201)
Nonoperating revenues:
Investment income:
- Interest and dividends
54,483
49,853
Change in fair value
(38,443)
10,263
Total nonoperating revenues
16,040
60,116
Net income (loss)
(48,098)
(267,085)
Retained earnings - January 1, as previously stated
779,399
1,054,055
Prior period adjustment/restatements
-
(7,571)
Retained earnings - January 1, as restated
779,399
1,046,484
Retained earnings - December 31
$731,301
$779,399
167
CITY OF COLUMBIA HEIGHTS, MINNESOTA
INSURANCE FUND
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Cash flows from operating activities:
Cash received from damages
Cash paid to suppliers for goods and services
Net cash flows from operating activities
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
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:
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in prepayments
Increase (decrease) in accounts payable
Increase (decrease) in claims payable
Total adjustments
Net cash flows from operating activities
IN,
1999
$329,651
(354,775)
(25,124)
52,067
(38,443)
13,624
(11,500)
913,332
913.332
$901,832
($64,138)
313
14,932
23,769
39,014
($25,124)
Statement 77
1998
$364,764
(505,153)
(140,389)
52,925
10,263
63,188
(77,201)
998,104
(7,571) _..
990,533
$913,332
($327,201)
(313)
(9,571)
(3,304)
200,000
186,812
($140,389)
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPENSATED ABSENCES FUND Statement 78
BALANCE SHEET
December 31, 1999
With Comparative Totals For December 31, 1998
1999
Assets
Current assets:
Cash and cash equivalents $519,664
Interest receivable 5,604
Total assets $525,268
Liabilities and Fund Equity
Long -term liabilities:
Compensated absences payable $452,381
Total liabilities 452,381
Retained earnings:
Unreserved 72,887
Total liabilities and fund equity $525,268
169
1998
$530,959
4,383
$535,342
$471,029
471,029
64,313
$535,342
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPENSATED ABSENCES FUND Statement 79
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
Operating revenues:
Charges for services
Operating expenses:
Cost of services
Net income from operations
Nonoperating revenues (expenses):
Investment income:
Interest and dividends
Change in fair value
Total nonoperating revenues (expenses)
Net income
Retained earnings - January 1, as previously stated
Prior period adjustment/restatements
Retained earnings - January 1, as restated
Retained earnings - December 31
170
1999 1998
0
29,121
(20,547)
8,574
8,574
64,313
64,313
27,084
5,575
32,659
32,659
34,979
(3,325)
31,654
$72,887 $64,313
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPENSATED ABSENCES FUND Statement 80
STATEMENT OF CASH FLOWS
For The Year Ended December 31, 1999
With Comparative Totals For The Year Ended December 31, 1998
1999 1998
Cash flows from operating activities:
Cash payments to employees for services
Cash flows from investing activities:
Investment income:
Interest and dividends
Change in fair value
Net cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents - January 1, as previously stated
Prior period adjustment/restatements
Cash and cash equivalents - January 1, as restated
Cash and cash equivalents - December 31
Reconciliation of operating income to
net cash flows from operating activities
Operating income
Adjustments to reconcile operating income to net
cash flows from operating activities:
Changes in assets and liabilities:
Increase (decrease) in accrued salaries and withholdings payable
Total adjustments
Net cash flows from operating activities
171
($18,648) ($195)
27,900
(20,547)
7,353
(11,295)
530,959
530,959
$519,664
(18,648)
(18,648)
($18,648)
27,594
5,575
33,169
32,974
501,310
(3,325)
497,985
$530,959
(195)
(195)
($195)
CITY OF COLUMBIA HEIGHTS, MINNESOTA --
172
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:
Permit Surchar e 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 Fund:
Flex Benefit - used to account for contributions by employees and related expenditures
for flexible benefits.
173
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIDUCIARY FUNDS
COMBINING BALANCE SHEET
December 31, 1999
Assets
Cash and investments
Receivables:
Interest
Total assets
Liabilities and Fund Balance
Liabilities:
Accounts payable
Deposits
Other liabilities
Total liabilities
Fund balance:
Unreserved:
Undesignated
Total fund balance
Total liabilities and fund balance
174
Expendable Trust
V,-- .,
.DG J,LJJ �1J,71!
Statement 81
.pY 1,1JG
.DLJ,J V`i D1 -),71! y41,+L1
$3,273 $4,602
$7,875
- 4,250
4,250
- 7,065
7,065
3,273 15,917
19,190
22,231 - 22,231
22,231 0 22,231
$25,504 $15,917 $41,421
CITY OF COLUMBIA HEIGHTS, MINNESOTA
EXPENDABLE TRUST FUNDS - FLEX BENEFIT FUND Statement 82
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
For The Year Ended December 31, 1999
Revenues:
Flex withholding
Investment income:
Interest and dividends
Change in fair value
Total revenues
Expenditures:
Other services and charges
Total expenditures
Net increase in fund balance
Fund balance - January 1
Fund balance - December 31
175
eI
$33,298
1,397
(986)
33,709
31,858
31,858
1,851
20,380
$22,231
CITY OF COLUMBIA HEIGHTS, MINNESOTA
FIDUCIARY FUNDS Statement 83
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES -
ALL AGENCY FUNDS
For The Year Ended December 31, 1999
Permit Surchar
Assets
Balance
Balance
Cash and investments - general account
1/1/99
Additions
Deletions
12/31/99
Total All Agency Funds
-
Assets
$892
$3,378
$ -
$4,270
Cash and investments:
General account
$17,883
$3,378
$8,272
$12,989 -
Payroll account
3,667
-
739
2,928
Total assets
$21,550
$3,378
$9,011
$15,917
Liabilities
3,667
-
739
-
Accounts payable
$15,002
$ -
$10,400
$4,602
Deposits
3,500
750
-
4,250
Other liabilities
3,048
4,017
-
7,065
Total liabilities
$21,550
$4,767
$10,400
$15,917
Permit Surchar
Assets
Cash and investments - general account
$892
$3,378
$ -
$4,270 _
Liabilities
SAC charges /surcharges payable
$892
$3,378
$ -
$4,270
Escrow Agency Fund
Assets
Cash and investments:
General account
$16,991
$ -
$8,272
$8,719
Payroll account
3,667
-
739
2,928
Total assets
$20,658
$0
$9,011
$11,647
Liabilities
Accounts payable
$15,002
$ -
$10,400
$4,602
Deposits
3,500
750
-
4,250
Other liabilities:
Payroll deductions payable
565
639
-
1,204
Employee activity
1,591
-
-
1,591
Total liabilities
$20,658
$1,389
$10,400
$11,647
176
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.
177
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
For The Year Ended December 31, 1999
General Fixed Assets
Land
Buildings
Improvements other than buildings
Machinery and equipment
Total city general fixed assets
Investment in General Fixed Assets by ource
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., H.U.D., and Police Grants
State
Total grants
Revenue sharing:
Federal
Anoka County
Total revenue sharing
Balance from current revenue and contributions
Total investments in general fixed assets
Balance
1/1/99
Additions
Statement 84
Balance
Deletions 12/31/99
$3,392,381
$198,848
$ -
$3,591,229
8,324,945
74,611
208,000
8,191,556
2,234,460
364,127
-
2,598,587
6,438,476
319,848
164,013
6,594,311
$20,390,262
$957,434
$372,013
$20,975,683
$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 2,0043475
544,224 215,116 7,888 751,452
267,951 - - 267,951
812,175 215,116 7,888 1,019,403
1,752,317 - - 1,752,317
51,550 - - 51,550 -
1,803,867 0 0 1,803,867
15,769,745 742,318 364,125 16,147,938
$20,390,262 $957,434 $372,013 $20,975,683
178
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
For The Year Ended December 31, 1999
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
EDA
Total other departments
Total general fixed assets
Balance
1/ 1/99 Additions
$22,706 $ -
17,720 -
319,861 4,646
12,294 -
18,519 -
1,292,270 36,640
1,683,370 41,286
Statement 85
Balance
$ - $22,706
- 17,720
325 324,182
100 12,194
18,519
- 1,328,910
425 1,724,231
759,334
113,327
23,217
849,444
898,518
52,396
-
950,914
35,719
3,739
-
39,458
1,693,571
169,462
23,217
1,839,816
230,383
45,581
24,852
251,112
2,786,086
390,966
111,898
3,065,154
3,016,469
436,547
136,750
3,316,266
652
-
-
652
7,830,933
82,776
-
7,913,709
471,660
1,469
1,875
471,254
140,128
20,591
1,746
158,973
5,553,479
205,303
208,000
5,550,782
13,996,852
310,139
211,621
14,095,370
$20,390,262
$957,434
$372,013
$20,975,683
179
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
December 31, 1999
General government
Statement 86
Improvements Machinery
Other Than and
Land Buildings Buildings Equipment Total
Council
$ -
$ -
$ -
$22,706
$22,706
Manager
-
-
-
17,720
17,720
Finance and elections
-
-
-
324,182
324,182
Assessing
-
-
12,194
12,194
Planning
-
17,840
-
679
18,519
General government buildings
182,194
1,041,096
22,296
83,324
1,328,910
Total general government
182,194
1,058,936
22,296
460,805
1,724,231
Public safety:
Police /animal /civil defense
-
-
1,710
847,734
849,444
Fire
-
27,943
2,199
920,772
950,914
Inspections
-
-
-
39,458
39,458
Total public safety
0
27,943
31909
1,807,964
1,839,816
Public works:
_
Engineering
-
5,110
2,801
243,201
251,112
Maintenance
-
63,056
1,647,283
1,354,815
3,065,154
Total public works
0
68,166
1,650,084
1,598,016
3,316,266
Other departments:
Sanitation
-
-
-
652
652
Parks and recreation
3,072,921
1,995,597
918,364
1,926,827
7,913,709
Library
21,000
301,543
1,134
147,577
471,254
Cable television
-
5,565
-
153,408
158,973
EDA
315,114
4,733,806
2,800
499,062
5,550,782
Total other departments
3,409,035
7,036,511
922,298
2,727,526
14,095,370
Totals
$3,591,229
$8,191,556
$2,598,587
$6,594,311
$20,975,683
HE
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.
181
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF GENERAL LONG -TERM DEBT
December 31, 1999
Amount Available And To Be Provided For The
Payment Of General Long -Term Debt
Amount available in Debt Service Funds
Amount to be provided for retirement of general
long -term debt
Total available and to be provided for
General Long -Term Debt Payable
General Obligation Bonds payable
Accreted interest on Capital Appreciation Bonds
Total general long -term debt payable
182
Statement 87
$455,457
6,858,023
$7,313,480
$5,239,721
2,073,759
$7,313,480
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1999
Statement 88
183
General Obligation Bonds
Year
Principal Interest
2000
$900,000 $129,033
2001
910,000 70,050
2002
716,515 529,919
2003
477,918 568,447
2004
445,584 592,151
2005
422,272 611,805
2006
390,822 634,603
2007
370,545 651,235
2008
344,375 668,797
2009
196,690 317,911
2010
65,000 1,397
Total
$5,239,721 $4,775,348
183
(D -
CITY OF COLUMBIA HEIGHTS, MINNESOTA
.,
SUPPLEMENTARY
FINANCIAL
INFORMATION
185
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMBINING SCHEDULE OF BONDS PAYABLE
December 31, 1999
Interest Issue Maturity
Rate Date Date
GENERAL LONG -TERM DEBT ACCOUNT GROUP:
G.O. Tax Increment Bonds
Capital Appreciation Bonds of 1990:
9/01
6.90%
6.95%
7.00%
7.00%
7.10%
7.10%
7.15%
7.15%
Refunding Bonds of 1991: All bonds maturing on or after March 1, 2000 shall be
subject to redemption and prior payment in whole
3/01-9/01
or in part at the option of the issuer on March 1, 1999
5.30%
and on any day thereafter at a price of par and accrued
5.50%
interest.
5.60%
5.70%
5.80%
G.O. Improvement Bonds
Series 1999A: Bonds due on or after February 1, 2008 are callable commencing
2/01 -8/01
February 1, 2007 and on any date thereafter at a price of par plus
3.45%
accrued interest.
3.55%
3.65%
3.80%
3.90%
4.00%
4.10%
4.15%
4.25%
4.30%
Total Bonds - General Long Term Debt Account Group
PROPRIETARY FUNDS
G.O. Utilitv Revenue Bonds
Series 199913: Bonds due on or after February 1, 2008 are callable commencing
2/01 -8/01
February 1, 2007 and on any date thereafter at a price of par plus
3.45%
accrued interest.
3.55%
3.65%
3.80%
3.90%
4.00%
4.10%
4.15%
4.25%
4.30%
Total Bonds - Proprietary Funds
Total General Obligation Bonds
186
8/23/90 9/1/09
12/1/91 3 /1/02
5/1/99 2/1/10
5/1/99 2 /1 /10
Exhibit 1
$2,399,721 $2,399,721 $ - $ - $2,399,721 $ -
6,670,000 2,925,000 - 945,000 1,980,000 138,167
860,000 - 860,000 - 860,000 -
9,929,721 5,324,721 860,000 945,000 5,239,721 138,167
1,935,000 - 1,935,000 - 1,935,000 -
1,935,000 0 1,935,000 0 1,935,000 0
$11,864,721 $5,324,721 $2,795,000 $945,000 $7,174,721 $138,167
187
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
Im
III.
STATISTICAL
SECTION
CITY OF COLUMBIA HEIGHTS, MINNESOTA
ASSESSED VALUE, TAX CAPACITY, AND
Table 1
ESTIMATED
ACTUAL
VALUE OF ALL TAXABLE
PROPERTY
(A)
Years 1990
Through 1999
(Unaudited)
Ratio of
Total
Assessed/
Tax
Capacity
Real Property
Personal
Property
Area Wide Allocation (A)
Totals
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
1990
$14,532,465
$522,002,900
$208,985
$4,017,800
($725,395)
$2,478,750
$16,494,805
$526,020,700
3.14%
1991
10,022,891
533,586,700
212,505
4,234,500
(712,924)
2,841,497
12,363,969
537,821,200
2.30%
1992
9,901,542
536,614,500
210,051
4,258,500
(510,571)
3,290,306
12,891,328
540,873,000
2.38%
1993
9,503,314
538,522,400
207,255
4,398,000
(609,791)
3,067,799
12,168,577
542,920,400
2.24%
1994
9,226,574
537,840,800
207,309
4,447,000
(594,265)
2,852,940
11,692,558
542,287,800
2.16%
1995
9,021,129
541,715,800
207,658
4,549,100
(608,080)
2,759,929
11,380,636
546,264,900
2.08%
1996
85884,233
546,047,800
220,961
4,803,500
(552,406)
2,603,671
11,156,459
550,851,300
2.03% -
1997
9,185,608
564,682,300
224,356
4,912,100
(449,141)
2,873,097
11,833,920
569,594,400
2.08%
1998
8,840,736
586,529,700
193,445
4,891,100
(512,532)
2,540,064
11,061,713
591,420,800
1.87%
1999
8,557,027
608,453,400
168,578
4,871,900
(505,598)
2,527,183
10,747,190
613,325,300
1.75%
(A) 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.
Source: Anoka County: Certificate as to Taxes & Taxable Property in the City of Columbia Heights
190
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX RATES - PER $100 OF TAX CAPACITY
Years 1990 Through 1999
(Unaudited)
Table 2
Year
City
School
County
Metro
Other (A)
Total
1990
0.15722
0.51364
0.25184
0.03360
0.00954
0.96584
1991
0.20275
0.41329
0.26440
0.03470
0.00988
0.92502
1992
0.19040
0.53249
0.28808
0.03395
0.01102
1.05594
1993
0.22956
0.61847
0.30308
0.03928
0.00937
1.19976
1994
0.23021
0.68142
0.30033
0.04225
0.01018
1.26420
1995
0.25686
0.69161
0.29899
0.04370
0.01570
1.30686
1996
0.26460
0.77730
0.29946
0.05280
0.01488
1.40904
1997
0.29018
0.84748
0.28000
0.04605
0.01381
1.47752
1998
0.30991
0.68491
0.27845
0.05183
0.02287
1.34797
1999
0.31925
0.68837
0.29426
0.05685
0.02442
1.38315
(A) For years 1990 -1997: Rice Creek Watershed, Mosquito Control,
and Housing and Redevelopment Authority.
For years 1998 -1999: Rice Creek Watershed, Mosquito Control, Housing and Redevelopment Authority
and County Regional Rail.
Source: Anoka County: Certificate as to Taxes & Taxable Property in the City of Columbia Heights
191
CITY OF COLUMBIA HEIGHTS, MINNESOTA
CITY TAX LEVY
Years 1990 Through 1999
(Unaudited)
Table 3
Fiscal
City Levy
General
Police
Fire
Year
Total
Fund
Relief
Relief
Library
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
1995
3,587,209
3,196,861
-
-
390,348
1996
2,754,161
2,340,393
-
-
413,768
1997
3,038,144
2,517,101
-
-
422,043
1998
3,201,434
2,659,289
-
-
443,145
1999
3,238,625
2,660,059
-
-
467,518
Source: Certification of Truth in Taxation document filed with Anoka County by the City of
Columbia Heights.
192
CITY OF COLUMBIA HEIGHTS, MINNESOTA
TAX LEVIES AND TAX COLLECTIONS
Years 1990 Through 1999
(Unaudited)
Table 4
* 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.
193
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
1990
$2,079,001
$2,057,446
99.0%
$3,249
$2,060,695
0.9912:1
$81,891
0.03939:1
1991
2,226,208
2,183,800
98.1%
31,274
2,215,074
0.9950:1
88,809
0.03989:1
1992
2,406,707
2,360,410
98.1%
19,290
2,379,700
0.9888:1
109,305
0.04542:1
1993
2,453,972
2,400,802
97.8%
25,753
2,426,555
0.9888:1
123,285
0.05024:1
1994
2,583,699
2,531,198
98.0%
16,381
2,547,579
0.9860:1
79,071
0.03060:1
1995
2,608,699
2,571,649
98.6%
12,843
2,584,492
0.9907:1
40,418
0.01549:1
1996
2,754,161
2,726,715
99.0%
78,666
2,805,381
1.0186:1
33,408
0.01213:1
1997
3,038,144
3,001,061
98.8%
23,818
3,024,879
0.9956:1
48,239
0.01588:1
1998
3,201,434
3,163,132
98.8%
26,314
3,189,446
0.9963:1
77,078
0.02408:1
1999
3,238,625
3,182,088
98.3%
35,374
3,217,463
0.9935:1
103,465
0.03195:1
* 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.
193
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
Years 1990 Through 1999
(Unaudited)
Table 5
* 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.
194
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
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
1995
159,282
86,587
54.4%
53,447
79,057
25,130
186,323
1996
64,767
38,470
59.4%
58,495
34,147
70,506
158,269
1997
76,405
32,286
42.3%
21,532
54,706
259,263
558,078
1998
141,739
96,100
67.8%
36,320
63,342
413,629
626,176
1999
136,207
86,221
63.3%
58,414
83,475
279,890
604,210
* 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.
194
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL GOVERNMENTAL REVENUES BY SOURCE (A)
Years 1990 through 1999
(Unaudited)
Table 6
Fiscal
Special
Licenses
Inter-
Charges for
Fines and
Investment
Year
Taxes
Assessments and Permits
governmental
Services
Forfeitures
Income
Miscellaneous
Total (B)
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
1995
4,167,428
-
176,290
3,755,162
383,646
89,138
321,971
83,954
8,977,589
1996
3,840,481
-
223,758
4,139,604
879,601
125,543
361,401
167,606
9,737,994
1997
4,489,572
-
202,533
4,302,631
923,485
127,074
443,034
127,862
10,616,191
1998
4,449,833
-
289,411
5,286,058
1,167,676
121,858
454,776
287,937
12,057,549
1999
4,413,680
-
401,158
5,282,867
1,029,899
100,161
135,144
242,852
11,605,761
Notes:
(A) Includes General, Special Revenue, and Debt Service Fund Types.
(B) This schedule includes the Housing and Redevelopment Authority as a blended component unit of the City,
except for 1991 -1995 when it was discretely presented as a separate column.
195
CITY OF COLUMBIA HEIGHTS, MINNESOTA
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (A)
Years 1990 Through 1999
(Unaudited)
Table 7
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.
196
Highways
Parks
Fiscal
General
Public
and
and
Debt
Other
Year
Government
Safety
Streets
Sanitation
Recreation
Library
Service
(B)
Total
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
1995
1,395,395
2,550,980
938,819
73,815
977,813
405,873
1,424,633
833,417
8,600,745
1996
1,354,292
2,597,866
965,677
124,580
1,055,083
409,047
1,475,888
1,608,033
9,590,466
1997
1,397,129
2,542,310
1,075,682
84,251
1,201,796
427,358
1,477,132
1,752,565
9,958,223
1998
1,449,476
2,675,544
917,546
116,816
1,223,121
471,240
1,414,259
2,975,143
11,243,145 --
1999
1,548,597
2,838,483
1,023,373
105,420
1,216,028 __
487,292
1,270,994
2,506,097
10,996,284
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.
196
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL CITY OFFICIALS
Year Ended December 31, 1999
Name
Mayor and Council
Official Title
Gary L. Peterson
Mayor
Donald G. Jolly
Councilmember
Marlaine Szurek
Councilmember
Julienne Wyckoff
Councilmember
John A. Hunter
Councilmember
Administration
Table S
Walter Fehst
City Manager
Linda Magee
Assistant to City Manager
William Elrite
City Clerk - Treasurer, Finance Director
Roxane Smith
Assistant Finance Director
Phil Suckerman
Liquor Operations Manager
Jim Hoeft
City Attorney
Kevin Hansen
Public Works Director, City Engineer
Thomas Johnson
Chief of Police
Charles Thompson
Chief of Fire
Lauren McClanahan
Superintendent of Public Works
Keith Windschitl
Recreation Services Director
M. Rebecca Loader
Librarian
197
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICS
December 31, 1999
(Unaudited)
Table 9
Page 1 of 2
Date of Incorporation
March 14, 1898
Date of Adoption of City Charter
July 21, 1921
Form of Government
Council- Manager
Fiscal Year Begins
January 1
Area of City
3.52 Square Miles
Miles of Streets and Alleys:
Trunk Highways
3.0
County
6.2
City Streets
61.8
Alleys
18.9
Miles of Sewers:
Storm Sewers
33.6
Sanitary Sewers
59.0
Watermain Miles
66.1
Building Permits Issued:
1990
486
1991
484
1992
515
1993
505
1994
565
1995
596
1996
602
1997
678
1998
597
1999
641
Estimated Construction Cost for Issued Permits:
1990
$5,198,200
1991
4,894,021
1992
2,373,433
1993
3,292,353
1994
4,522,438
1995
4,927,970
1996
11,910,040
1997
5,904,308
1998
16,991,747
1999
24,018,811
W•
CITY OF COLUMBIA HEIGHTS, MINNESOTA
MISCELLANEOUS STATISTICS
December 31, 1999
(Unaudited)
Table 9
Page 2of2
Fire Protection:
11,064
Number of Stations
1
Number of Employees:
78.08%
Full -time
9
Part-time
1
Volunteer
24
Police Protection:
5,613
Number of Stations
1
Number of Employees
34
Parks:
17,533
City Parks
13
Playgrounds
11
County Park
I
Schools:
19,540
Senior High
I
Junior High
I
Elementary
3
Parochial Elementary
1
Employees (as of December 31, 1999):
Regular
122
Part-time and Temporary
149
271
Elections:
Registered voters - Last City General Election
11,064
Number of Votes Cast - Last City General Election
8,639
Percentage of Registered Voters Voting
78.08%
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
WE
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PRINCIPAL TAXPAYERS Table 10
December 31, 1999
(Unaudited)
Taxpayer
Type of Business
Medtronics, Inc.
Medical Manufacturing
Bradley Operating LP
Construction
Maylan Construction Company
Retail (K -mart)
Columbia Heights Center
Mall
Columbia Park Properties
Medical Building
Consolidated Reality of Minneapolis
Apartments
Lake State Properties
Office Building
Northern States Power
Utility
Minnegasco
Utility
Crestview Lutheran Home
Apartments
Total Principal Taxpayers
$1,232,532 11.47%
Source: Anoka County: Certificate as to Taxes & Taxable Property in the City of Columbia Heights
200
% of
Total City
Tax Capacity
Tax Capacity
Value
Value
$288,036
2.68%
162,925
1.52%
126,470
1.18%
117,425
1.09%
115,966
1.08%
98,600
0.92%
93,807
0.87%
86,871
0.81%
77,074
0.72%
65,358
0.61%
$1,232,532 11.47%
Source: Anoka County: Certificate as to Taxes & Taxable Property in the City of Columbia Heights
200
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPUTATION OF LEGAL DEBT MARGIN
December 31, 1999
(Unaudited)
Table 11
Note B M.S.A. Section 475.51 (definitions) Subdivision 4. "Net debt" means the amount remaining after
deducting from its gross debt the amount of current revenues which are applicable within the current
fiscal year to the payment of any debt and the aggregate of the principal of the following:
1. Obligations issued for improvements which are payable wholly or partly from the proceeds of
special assessments levied upon property specially benefited thereby, including those which are
general obligations of the municipality issuing them, if the municipality is entitled to reimbursement
in whole or in part from the proceeds of the special assessments.
2. Warrants or orders having no definite or fixed maturity.
3. Obligations payable wholly from the income from revenue producing conveniences.
4. Obligations issued to create or maintain a Permanent Improvement Revolving Fund.
5. Obligations issued for the acquisition and betterment of public water works systems and public
lighting, heating or power systems, and of any combination thereof or for any other public
convenience from which a revenue is or may be derived.
6. Not applicable.
7. Amount of all money and face value of all securities held as a Debt Service Fund for the
extinguishment of obligations other than those deductible under this subdivision.
8. All other obligations which under the provisions of law authorizing their issuance are not to be
included in computing the net debt of the municipality.
201
1998/1999
1997/1998
Market Value
$612,856,500
$590,856,000
Debt Limit Percentage (Note A)
2%
2%
Debt limit
12,257,130
11,817,120
Amount of Debt applicable to debt limit:
Total bonded debt
7,174,721
5,324,721
Less: Tax increment bonds
4,379,721
5,324,721
(Note B) Special assessment bonds
-
-
Total amount of debt applicable to debt limit
2,795,000
0
Legal debt margin
$9,462,130
$11,817,120
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.
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.
201
CITY OF COLUMBIA HEIGHTS, MINNESOTA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT Table 12
December 31, 1999
(Unaudited)
Direct debt:
City of Columbia Heights
Overlapping debt:
Anoka County
Metropolitan Council
ISD 13 (Columbia Heights)
Totals
Net
General
Obligation Debt
$7,174,721
84,210,000
111,622,310
32,455,000
$228,287,310
202
Percentage
Applicable
to City
100.0%
Amount
Applicable to
City of
Columbia Heights
Share of Debt
$7,174,721
5.50% 4,631,550
0.50% 558,112 --
64.60% 20,965,930
$33,330,313
CITY OF COLUMBIA HEIGHTS, MINNESOTA
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
Years 1990 Through 1999
(Unaudited)
Table 13
* Amount expressed in thousands.
(A) Tax capacity (1988 -1999) values from Table 1.
(B) Source: Federal Banking Directory
Note: Deposits listed are for Northeast State Bank, US Bancorp,
Norwest Bank, and First Community Credit Union
(C) 1992 amounts were used for First Banks and Norwest because 1993 amounts were not available.
203
Property Value (A)
Construction
Fiscal
Number
Bank
Year
Real
Personal
Total
of Units
Value
Deposits (B)
1990
$14,532,465
$208,985
$14,741,450
486
$5,198,200
$10,311,528
1991
10,022,891
212,505
10,235,396
484
4,894,021
9,923,902
1992
9,901,542
210,051
10,111,593
515
2,373,433
10,155,837
1993
9,503,314
207,255
9,710,569
505
3,292,353
16,636,883 (C)
1994
9,226,574
207,309
9,433,883
565
4,522,438
24,438,648
1995
9,021,129
207,658
9,228,787
596
4,927,970
22,725,067
1996
8,884,233
220,961
9,105,194
602
11,910,040
24,451,568
1997
9,185,608
224,356
9,409,964
678
5,904,308
49,257,825
1998
8,840,736
193,445
9,034,181
597
16,991,747
59,028,490
1999
8,557,027
168,578
8,725,605
641
24,018,811
62,341,723
* Amount expressed in thousands.
(A) Tax capacity (1988 -1999) values from Table 1.
(B) Source: Federal Banking Directory
Note: Deposits listed are for Northeast State Bank, US Bancorp,
Norwest Bank, and First Community Credit Union
(C) 1992 amounts were used for First Banks and Norwest because 1993 amounts were not available.
203
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RATIO OF NET GENERAL OBLIGATION BONDED DEBT
TO ASSESSED VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA
Years 1990 Through 1999
(Unaudited)
Less Debt Net Bonded
$5,175,702
$11,289,019
9,603,694
Gross
Fiscal
10,142,757
Assessed
Bonded
Year
Population
Value
Debt
1990
19,540
$16,494,805
$16,464,721
1991
18,910
12,363,969
20,415,165
1992
18,910
12,891,328
19,059,721
1993
18,910
12,168,577
17,209,721
1994
18,910
11,692,558
9,679,721
1995
18,910
11,380,636
8,624,721
1996
18,910
11,156,459
7,469,721
1997
18,910
11,833,920
6,314,721
1998
18,910
11,061,713
5,324,721
1999
18,910
10,747,190
7,174,721
Less Debt Net Bonded
$5,175,702
$11,289,019
9,603,694
10,811,471
8,916,964
10,142,757
7,922,087
9,287,634
1,171,524
8,508,197
1,422,979
7,201,742
843,287
6,626,434
822,740
5,491,981
644,112
4,680,609
809,379
6,365,342
204
Ratio of Net
Bonded
Debt to
Assessed
Value
68.44%
87.44%
78.68%
76.32%
72.77%
63.28%
59.40%
46.41%
42.31%
59.23%
Table 14
Net Bonded
Debt Per
Capita
$466
597
572
536
491
450
350
290
248
337
CITY OF COLUMBIA HEIGHTS, MINNESOTA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL OBLIGATION BONDED DEBT
TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES
Years 1990 Through 1999
(Unaudited)
Table 15
Ratio of
Total
Debt Service to
Total
General
General
Fiscal
Debt
Governmental
Governmental
Year Principal Interest
Service
Expenditures
Expenditures
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%
1995 1,055,000 357,961
1,412,961
8,600,745
16.4%
1996 1,155,000 304,268
1,459,268
9,590,466
15.2%
1997 1,155,000 246,128
1,401,128
9,958,223
14.1%
1998 990,000 190,390
1,180,390
11,243,145
10.5%
1999 945,000 138,167
1,083,167
10,996,284
9.9%
205
CITY OF COLUMBIA HEIGHTS, MINNESOTA
REVENUE BOND COVERAGE: WATER, SEWER AND STORM SEWER FUNDS Table 16
Last Ten Years
(Amounts expressed in thousands)
(Unaudited)
Net Revenue
Fiscal Gross Operating Available for Debt Service Requirements
Year Revenues (1) Expenses (2) Debt Service Principal (3) Interest (3) Total (3) Coverage
1999 $2,733 $2,121 $612 $0 $0 $0 0.00
Notes:
The Revenue Bonds were issued in 1999, thus statistical information is shown from that year on.
(1) Total revenues including investment income.
(2) Total expenses exclusive of depreciation.
(3) Includes principal and interest of revenue bonds presented on cash basis.
206
IV.
SINGLE AUDIT AND OTHER
REQUIRED REPORTS
207
(D -
CITY OF COLUMBIA HEIGH'T'S, MINNESOTA
W.
Tautges Redpath, Ltd.
Certified Public Accountants and Consultants
Independent Auditor's Report on Compliance With
Minnesota Legal Compliance Audit Guide for Local Government
To The Honorable Mayor
and Members of the City Council
City of Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights,
Minnesota, as of and for the year ended December 31, 1999, and have issued our report
thereon dated March 22, 2000.
We conducted our audit in accordance with generally accepted auditing standards, and the
provisions of the Minnesota Legal Compliance Audit Guide for Local Government
promulgated by the Legal Compliance Task Force pursuant to Minnesota Statutes Section
6.65. Accordingly, the audit included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
The Minnesota Legal Compliance Audit Guide for Local Government covers five main
categories of compliance to be tested: contracting and bidding, deposits and investments,
conflicts of interest, public indebtedness, and claims and disbursements. Our study included
all of the above listed categories.
The results of our tests indicate that for the items tested, the City of Columbia Heights,
Minnesota complied with the material terms and conditions of applicable legal provisions.
This report is intended solely for the information and use of the City Council, management
and federal awarding agencies and pass - through entities and is not intended to be, and should
not be, used by anyone other than those specified parties.
March 22, 2000
HLB TAUTGES REDPATH, LTD.
Certified Public Accountants
4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004
HLR Tautges Red oath, Ltd is a niemher of 9 InternatiunaI A wand wide oryanization of act "g firms and business advisers-
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
210
Tautges Redpath, Ltd.
Certified Public Accountants and Consultants
Independent Auditor's Report on Compliance and on Internal Control over
Financial Reporting Based on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards
To the Honorable Mayor
and Members of the City Council
City of Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights,
Minnesota as of and for the year ended December 31, 1999, and have issued our report thereon,
dated March 22, 2000. We conducted our audit in accordance with generally accepted auditing
standards and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States.
Compliance
As part of obtaining reasonable assurance about whether the City of Columbia Heights,
Minnesota's general purpose financial statements are free of material misstatement, we performed
tests of its compliance with certain provisions of laws, regulations, contracts and grants,
noncompliance with which could have a direct and material effect on the determination of general
purpose financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit and, accordingly, we do not express such an opinion.
The results of our tests disclosed no instances of noncompliance that are required to be reported
under Government Auditing Standards.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered the City of Columbia Heights, Minnesota's
internal control over financial reporting 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 over financial reporting. However, we noted certain matters
involving the internal control over financial reporting and its operation that we consider to be
reportable conditions. Reportable conditions involve matters coming to our attention relating to
significant deficiencies in the design or operation of the internal control over financial reporting
that, in our judgment, could adversely affect the City of Columbia Heights, Minnesota's ability to
record, process, summarize, and report financial data consistent with the assertions of management
in the general purpose financial statements. Reportable conditions are described in the
accompanying schedule of findings and questioned costs as item 1999 -1.
4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004
HLB Tautges Redpath, Ltd is a member of 0 International A world wide organization of a2lulting f rms and business advisers.
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
212
A material weakness is a condition in which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the risk that misstatements 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 over financial reporting would
not necessarily disclose all matters in the internal control that might be reportable conditions and,
accordingly, would not necessarily disclose all reportable conditions that are also considered to be
material weaknesses. However, of the reportable conditions described above, we consider 1999 -1
to be a material weakness.
We also noted other matters involving the internal control over financial reporting, which we have
reported to the management of the City of Columbia Heights, Minnesota and the Columbia Heights
Economic Development Authority, in separate reports dated May 24, 2000.
This report is intended solely for the information and use of the City Council, management
and federal awarding agencies and pass - through entities and is not intended to be, and should
not be, used by anyone other than those specified parties.
March 22, 2000
11412 T-c�4 400"" IV
HLB TAUTGES REDPATH, LTD.
Certified Public Accountants
213
(D -
CITY OF COLUMBIA HEIGHTS, MINNESOTA
214
Tautges Redpath, Ltd.
Certified Public Accountants and Consultants
Independent Auditor's Report on Compliance with Requirements
Applicable to each Major Program and Internal Control over Compliance in
Accordance with OMB Circular A -133
To the Honorable Mayor
and Members of the City Council
City of Columbia Heights, Minnesota
Compliance
We have audited the compliance of the City of Columbia Heights, Minnesota with the types of
compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular
A -133 Compliance Supplement that are applicable to each of its major federal programs for the
year ended December 31, 1999. The City of Columbia Heights, Minnesota's major federal
programs are identified in the summary of auditor's results section of the accompanying schedule
of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts
and grants applicable to each of its major federal programs is the responsibility of the City of
Columbia Heights, Minnesota's management. Our responsibility is to express an opinion on the
City of Columbia Heights, Minnesota's compliance based on our audit.
We conducted our audit of compliance in accordance with generally accepted auditing standards;
the standards applicable to financial audits contained in Government Auditing Standards, issued by
the Comptroller General of the United States; and OMB Circular A -133, Audits of States, Local
Governments, and Non - Profit Organizations. Those standards and OMB Circular A -133 require
that we plan and perform the audit to obtain reasonable assurance about whether noncompliance
with the types of compliance requirements referred to above that could have a direct and material
effect on a major federal program occurred. An audit includes examining, on a test basis, evidence
about the City of Columbia Heights, Minnesota's compliance with those requirements and
performing such other procedures as we considered necessary in the circumstances. We believe
that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal
determination on the City of Columbia Heights, Minnesota's compliance with those requirements.
In our opinion, the City of Columbia Heights, Minnesota complied, in all material respects, with
the requirements referred to above that are applicable to each of its major federal programs for the
year ended December 31, 1999. However, the results of our auditing procedures disclosed
instances of noncompliance with those requirements, which are required to be reported in
4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004
HLB Tau tges Red path, Ltd is a member of ® International A world -wide organization of2elosnting firms and business advisers.
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
216
accordance with OMB Circular A -133 and which are described in the accompanying Schedule of
Findings and Questioned Costs as items 1999 -2, 3 and 4.
Internal Control Over Compliance
The management of the City of Columbia Heights, Minnesota is responsible for establishing and
maintaining effective internal control over compliance with requirements of laws, regulations,
contracts and grants applicable to federal programs. In planning and performing our audit, we
considered the City of Columbia Heights, Minnesota's internal control over compliance with
requirements that could have a direct and material effect on a major federal program in order to
determine our auditing procedures for the purpose of expressing our opinion on compliance and to
test and report on internal control over compliance in accordance with OMB Circular A -133.
We noted certain matters involving the internal control over compliance and its operation that we
consider to be reportable conditions. Reportable conditions involve matters coming to our
attention relating to significant deficiencies in the design or operation of the internal control over
compliance that, in our judgment, could adversely affect the City of Columbia Heights,
Minnesota's ability to administer a major federal program in accordance with applicable
requirements of laws, regulations, contracts and grants. Reportable conditions are described in the
accompanying Schedule of Findings and Questioned Costs as items described in item 1999 -1, 2,
and 4.
A material weakness is a condition in which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the risk that noncompliance with
applicable requirements of laws, regulations, contracts and grants that would be material in relation
to a major federal program 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 over compliance would not necessarily disclose all matters in the internal control
that might be reportable conditions and, accordingly, would not necessarily disclose all reportable
conditions that are also considered to be material weaknesses. However, of the reportable
conditions described above, we consider item 1999 -1 to be a material weakness.
We also noted other matters involving the internal controls and its operation that we have reported
to the management of the City of Columbia Heights, Minnesota, and the Columbia Heights
Economic Development Authority, in separate reports dated May 24, 2000.
217
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
218
This report is intended solely for the information and use of the City Council, management
and federal awarding agencies and pass - through entities and is not intended to be, and should
not be, used by anyone other than those specified parties.
March 22, 2000
AR ��* ko�, A&.
HLB TAUTGES REDPATH, LTD.
Certified Public Accountants
219
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
220
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
SECTION I - SUMMARY OF AUDIT RESULTS
1. The auditor's report expresses an unqualified opinion on the financial statements of the
City of Columbia Heights, Minnesota.
2. There was one reportable condition disclosed during the audit of the financial statements as
reported in the Independent Auditor's Report on Compliance and on Internal Control over
Financial Reporting Based on an Audit of Financial Statements Performed in accordance
with Government Auditing Standards. This reportable condition was considered to be a
material weakness.
3. No instances of noncompliance material to the financial statements of the City of Columbia
Heights, Minnesota were disclosed during the audit.
4. Three reportable conditions relating to the audit of the major federal award programs are
reported in the Independent Auditor's Report on Compliance with Requirements
Applicable to each Major Program and Internal Control over Compliance in Accordance
with OMB Circular A -133. One of the reportable conditions was determined to be a
material weakness.
5. The auditor's report on compliance for the major federal award programs for the City of
Columbia Heights, Minnesota expresses an unqualified opinion.
6. Audit findings relative to the major federal award programs for the City of Columbia
Heights, Minnesota are reported in Section III of this Schedule.
7. The audit disclosed three findings relating to major programs that we are required to
disclose under 510(a) or OMB Circular A -133.
8. The Section 8 cluster of programs was tested as a major program which included: Section
8 Voucher Program - CFDA #14.855, Section 8 Certificate Program - CFDA #14.857 and
the Community Development Block Grant — CFDA #14.218.
9. The threshold for distinguishing Types A and B programs was $300,000.
10. The City of Columbia Heights, Minnesota was not determined to be a low -risk auditee.
221
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
222
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
SECTION II - FINANCIAL STATEMENT FINDINGS
See finding 1999 -1 in Section M.
SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
1999 —1: Section 8 Rental Voucher and Certificate Programs, CFDA #14.855 and
14.857, direct from HUD
Condition: Amounts reported in the City's 1998 and 1997 financial records (trial
balance) for the Section 8 program were not reconciled to underlying records in a timely
manner. The activity for that period remains unreconciled. Specifically, City originated
HAP payments were not segregated from Portability HAP payments. Further, for the
portability program, the City began to reconcile payments and receipts at the individual
tenant level, however, these individual reconciliations were not compared with amounts
reported in the City's trial balance.
Questioned Cost: None
Recommendation: The grantee should reconcile prior year section 8 activity.
Specifically, totals for the individual tenants reconciliations should be reconciled to the
City's trial balance.
Corrective Action Plan: The City/Economic Authority hired the auditors to prepare the
reconciliation of Section 8 activity on a monthly basis (for the first six months of 1999).
The Columbia Heights Economic Development Authority (EDA) has directed staff to
initiate the complete transfer of the Section 8 program to the Metropolitan HRA which is
in the process and expected to be complete prior to 2000 year end. The auditor has also
been hired to complete the reconciliation for 1998.
223
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
224
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
1999 -2: Section 8 Rental Voucher and Certificate Programs, CFDA #14.855 and
14.857, direct from HUD
Condition and Criteria: Required federal reports were not submitted on a timely basis.
HUD requires submission of the following Forms within 45 days of the grantee's fiscal
year end (December 31):
HUD - 52663, Requisition for Partial Payment of Annual Contributions (OMB No. 2577-
0149) — submitted quarterly
HUD - 52681, Voucher for Payment of Annual Contributions and Operating Statement
(OMB No. 2577 -0149) — submitted annually
HUD - 52595, Balance Sheet for Section 8 and Public Housing (OMB No. 2577 -0067) —
submitted annually
HUD- 52683, Report on Program Utilization (OMB No. 2577 -0169) — submitted annually
when occupancy is at 90 percent or above, otherwise quarterly
Forms 52663, 52681, 52595 and 52683 have not been filed as of May, 2000.
Questioned Cost: None
Recommendation: The grantee should amend its internal procedures to ensure reports are
submitted on a timely basis.
Corrective Action Plan: Reports were not submitted on a timely basis due to the
reconciliations not being completed. The auditors have been engaged to complete and
prepare the reconciliations and reports for the 1999 calendar year end. In the event the
transfer of the Columbia Heights Economic Development Authority Section 8 program to
the Metropolitan HRA occurs in mid -year 2000, the reports will be prepared and filed at
the time of transfer as may be required.
225
( 1) CITY OF COLUMBIA HEIGHTS, MINNESOTA
226
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
1999 -3: Section 8 Rental Voucher and Certificate Programs, CFDA #14.855 and
14.857, direct from HUD
Condition and Criteria : The Section 8 cluster compliance requires that the utility rate
data be reviewed each year. If there is a rate change of 10 percent or more, the utility
allowance schedule should be revised. A utility rate survey and review has not been
performed since 1997.
Questioned Costs: None
Recommendation: A utility rate survey should be conducted in 2000 and the utility rate
allowance adjusted if appropriate.
Corrective Action Plan: A utility rate survey will be conducted in 2000. If adjustments
are necessary, staff will revise the utility allowance schedule for immediate
implementation.
227
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
228
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
1999 -4: CDBG Program, CFDA N.014.118 Dassed through Anoka Coun
Criteria: The Davis -Bacon Act requires that all laborers who work on construction
contracts in excess of $2,000 be paid not less than the prevailing wage rates.
Condition: During 1999 the City entered into one contract that required compliance with
the provision of the Davis -Bacon Act. The City was unable to provide information to
verify compliance with Davis - Bacon.
Questioned Cost: Not determined.
Recommendation: The City should develop internal control procedures to ensure that all
construction projects that are covered by the Davis -Bacon Act use prevailing wage rates
and that this information is maintained by the City.
Corrective Action Plan: Staff interviewed contract laborers on -site to verify wage rates
to monitor compliance with the Davis -Bacon Act. A Contractor /Subcontractor
Certification form from the State of Minnesota has been provided to the auditors. In
response to a follow- up-inquiry, the company has provided an employee fringe benefit
figure total of $2,799 for work performed under said contract. If necessary, payroll
registers can be requested to provide supporting documentation of fringe benefit
payments. Project files are established and maintained to insure compliance with the
Davis -Bacon Act on projects for which it is required to do so.
229
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
230
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
I— SECTION IV - PRIOR YEAR FINDINGS
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT:
1998 –1: CDBG Program, CFDA No 14.218, passed through Anoka County
Condition: The City submitted, and received reimbursement, for an expenditure which
had been previously submitted and reimbursed. This was the third time the City received
reimbursement for this particular item. The second reimbursement occurred during 1995.
In 1996 the City returned the second reimbursement to the County.
Expenditures reimbursed three times:
1) Check #51004, dated 1/23/95,
for subrecipient payment to
ACCAP $4,078.88
Because of this error, certain qualifying expenditures were not submitted because
program budgets had been exceeded.
Questioned Cost: $4,079
Current Status: In 1999 eligible expenditures were submitted to Anoka County and the
project was closed out.
1998 – 2: Section 8 Rental Voucher and Certificate Programs, CFDA #14.855 and
14.857, direct from HUD
Condition: Amounts reported in the City's financial records (trial balance) for the
Section 8 program were not reconciled to underlying records in a timely manner.
Specifically, City originated HAP payments were not segregated from Portability HAP
payments. Further, for the portability program, the City began to reconcile payments and
receipts at the individual tenant level, however, these individual reconciliations were not
compared with amounts reported in the City's trial balance. The lack of untimely
reconciliations can result in lost revenue and unauthorized or incorrect HAP payments.
Questioned Cost: None
Current Status: For 1999 reconciliations of Section 8 program activity were prepared.
However, prior years activity remains unreconciled. See finding 1999 -1.
231
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
232
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
1998 -3: Section 8 Rental Voucher and Certificate Programs, CFDA #14.855 and
14.857, direct from HUD
Condition and Criteria: Required federal reports were not submitted on a timely basis.
HUD requires submission of the following Forms within 45 days of the grantee's fiscal
year end (December 31):
HUD - 52663, Requisition for Partial Payment of Annual Contributions (OMB No. 2577-
0149) — submitted quarterly
HUD - 52681, Voucher for Payment of Annual Contributions and Operating Statement
(OMB No. 2577 -0149) —submitted annually
HUD - 52595, Balance Sheet for Section 8 and Public Housing (OMB No. 2577 -0067) —
submitted annually
HUD - 52683, Report on Program Utilization (OMB No. 2577 -0169) — submitted annually
when occupancy is at 90 percent or above, otherwise quarterly
Forms 52663 and 52681 have not been filed as of May, 1999. Form 52595 was filed in
March, 1999 and Form 52683 was filed in April, 1999.
Questioned Cost: None
Current Status: This remains a current fording. 1998 forms were filed in 1999, but 1999
forms have not been filed as of May, 2000, see finding 1999 -2.
233
(D CITY OF COLUMBIA HEIGHTS, MPiNESOTA
234
CITY OF COLiJMBIA HEIGHTS, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended December 31, 1999
1998 -4: Section 8 Rental Voucher and Certificate Programs, CFDA #14.855 and
14.857, direct from HUD
Condition and Criteria: The Section 8 cluster compliance supplement includes the
testing of participants' files for certain items in the suggested audit procedures. Of these
items, some of the files tested lacked the following:
• documentation of asset verification,
• applications,
• leases from landlords, and
• HUD lease addendums.
Questioned Costs: None
Current Status: The participants' files included the required documentation when tested
in 1999.
235
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
236
CITY OF COLUMBIA HEIGHTS, MINNESOTA
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Year Ended December 31, 1999
Federal Funding Source/
Federal
1999
Pass Through Agency/
CFDA
Federal
Program Title
Number
Expenditures
U.S. Department of Justice:
Direct:
Police Hiring Supplement
16.580
$19,856
Local Law Enforcement Block Grant
16592
22,104
Bulletproof Vest Partnership Program
16.607
1,190
Passed - through State of MN Department of Economic Security:
Juvenile Accountability Incentive Block Grant
16.523
8,314
Federal Emergency Management Agency:
Passed - through Anoka County:
Emergency Management Assistance Grant
83.503
4,819
U.S. Department of Housing and Urban Development:
_ Passed- through Anoka County:
Community Development Block Grant -
Entitlement Grant (CDBG) *
14.218
300,286
Direct:
Operating Subsidy
14.850
51,027
Section 8 Cluster_
Direct:
Section 8 Voucher Program *
14.855
132,132
Section 8 Certificate Program *
14.857
113,692
Total Federal Expenditures
$653,420
* Major Program
Notes to the schedule of expenditures of federal awards
Note 1. Basis of Presentation
The above schedule of expenditures of federal awards includes the federal grant activity of the City of
Columbia Heights, Minnesota (including its component units) and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the requirements of OMB
Circular A -133, Audits of States, Local Governments, and Non -Profit Organizations. Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the
general purpose financial statements.
Note 2. Subrecipients
Of the federal expenditures presented in the schedule, the City of Columbia Heights, Minnesota provided
federal awards to subrecipients as follows:
Federal Amount
CFDA Provided
Program Title Number to Subrecipients
Community Development Block Grant - Entitlement Grants 14.218 $0
237
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
238
Tautges Redpath, Ltd.
Certified Public Accountants and Consultants
Independent Auditor's Report on Supplementary Information —
Financial Data Schedule
To the Honorable Mayor and
Members of the City Council
City of Columbia Heights, Minnesota
We have audited the general purpose financial statements of the City of Columbia Heights,
Minnesota, as of and for the year ended December 31, 1999, and have issued our report
thereon dated March 22, 2000. Our audit was performed for the purpose of forming an
opinion on the general purpose financial statements taken as a whole. The accompanying
Financial Data Schedule is presented for purposes of additional analysis as required by the
U.S. Department of Housing and Urban Development and is not a required part of the general
purpose financial statements. Such information has been subjected to the auditing procedures
applied in the audit of the general purpose financial statements and, in our opinion, is fairly
stated, in all material respects, in relation to the general purpose financial statements taken as
a whole.
This report is intended solely for the information and use of the City Council, management
and federal awarding agencies and pass - through entities and is not intended to be, and should
not be, used by anyone other than those specified parties.
March 22, 2000
HLB TAUTGES REDPATH, LTD.
Certified Public Accountants
4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 651 426 7000 Fax: 651 426 5004
HLB Tautges Redpath, Ltd is a member of 0 International. A world -wide organization of 2369-tmg firms and business advisers.
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
240
CITY OF COLUMBIA HEIGHTS, MINNESOTA
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINANCIAL DATA SCHEDULE
As of And For The Year Ended December 31, 1999
Page 1 of 2
Section 8
Section 8
180
Rental
Rental
Cash - unrestricted
Voucher
Certificate
Operating
Line Program
Program
Subsidy
Item Account Description 14.855
14.857
14.850
150
Assets:
180
Current assets:
111
Cash - unrestricted
100
Total cash
321
Accounts and notes receivable:
121
Accounts receivable - PHA projects
125
Accounts receivable - miscellaneous
129
Accrued interest receivable
120
Total receivables, net of allowance
150
Total current assets
180
Total noncurrent assets
190
Total assets
350 Total noncurrent liabilities
300 Total liabilities
Equity:
509 Fund balance reserved for operating activities
512 Undesignated fund balance
513 Total equity
600 Total liabilities and equity
241
$ - $ - $325,223
0 0 325,223
35,205 20,046 -
- - 861
- - 3,071
35,205 20,046 3,932
35,205 20,046 329,155
$35,205 $20,046 $329,155
$7
Liabilities and Equity
$13,352
Liabilities:
330
Current liabilities.
312
Accounts payable - 90days
321
Accrued wages /payroll taxes payable
333
Accounts payable - other governments
341
Tenant security deposits
342
Deferred revenues
347
Interprogram - due to
310
Total current liabilities
350 Total noncurrent liabilities
300 Total liabilities
Equity:
509 Fund balance reserved for operating activities
512 Undesignated fund balance
513 Total equity
600 Total liabilities and equity
241
$ - $ - $325,223
0 0 325,223
35,205 20,046 -
- - 861
- - 3,071
35,205 20,046 3,932
35,205 20,046 329,155
$35,205 $20,046 $329,155
$7
$8
$13,352
260
330
-
-
18,259
11,000
-
-
12,178
15,879
6,036
-
16,146
6,374
54,789
16,146 6,374 54,789
- - 274,366
19,059 13,672 -
19,059 13,672 274,366
$35,205 $20,046 $329,155
(D CITY OF COLUMBIA HEIGHTS, MINNESOTA
242
CITY OF COLUMBIA HEIGHTS, MINNESOTA
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINANCIAL DATA SCHEDULE
As of And For The Year Ended December 31, 1999
Line
Item Account Description
973 Housing assistance payments
900 Total expenses
1002 Operating transfers out
1010 Total other financing sources (uses)
1000 Excess (deficiency) of total revenue over (under) total expenses
Memo account information.
1103 Beginning equity
1113 Maximum annual contributions commitment (per ACC)
1115 Contingency reserve, ACC program reserve
1116 Total annual contributions available
1120 Unit months available
1121 Number of unit months leased
Equity roll forward test:
Calculation from R/E statement
B/S line 513
Difference
243
Page 2 of 2
Section 8
Revenue:
703
Net tenant rental revenue
706
HUD PHA grants
711
Investment income - unrestricted
715
Other revenue
720
Investment income - restricted
700
Total revenue
973 Housing assistance payments
900 Total expenses
1002 Operating transfers out
1010 Total other financing sources (uses)
1000 Excess (deficiency) of total revenue over (under) total expenses
Memo account information.
1103 Beginning equity
1113 Maximum annual contributions commitment (per ACC)
1115 Contingency reserve, ACC program reserve
1116 Total annual contributions available
1120 Unit months available
1121 Number of unit months leased
Equity roll forward test:
Calculation from R/E statement
B/S line 513
Difference
243
Page 2 of 2
Section 8
Expenses:
911
Administrative salaries
912
Auditing fees
916
Other operating - administrative
931
Water
932
Electricity
933
Gas
938
Other utilities expense
942
Ordinary maintenance and operations
961
Insurance premiums
962
Other general expenses
963
Payments in lieu of taxes
971
Extraordinary maintenance
976
Capital outlay
969
Total operating expenses
973 Housing assistance payments
900 Total expenses
1002 Operating transfers out
1010 Total other financing sources (uses)
1000 Excess (deficiency) of total revenue over (under) total expenses
Memo account information.
1103 Beginning equity
1113 Maximum annual contributions commitment (per ACC)
1115 Contingency reserve, ACC program reserve
1116 Total annual contributions available
1120 Unit months available
1121 Number of unit months leased
Equity roll forward test:
Calculation from R/E statement
B/S line 513
Difference
243
Page 2 of 2
Section 8
Section 8
5,053
Rental
Rental
-
Voucher
Certificate
Operating
Program
Program
Subsidy
14.855
14.857
14.850
-
-
17,416
-
-
$240,405
122,865
122,959
51,027
132
132
4,699
20,470
21,803
43,028
144
40
-
143,611
144,934
339,159
30,340
38,399
5,053
5,238
6,330
-
-
-
13,535
-
8,329
-
-
28,892
-
-
17,416
-
-
9,247
-
-
25,835
-
957
13,306
882
3,110
110,696
-
-
18,259
229
215
9,625
1,867
36,460
48,796
262,060
103,218
86,522
-
139,678
135,318
262,060
(7,656)
0
0
(7,656)
3,933
9,616
69,443
15,126
4,056
204,923
161,480
161,480
N/A
336,990
439,196
N/A
498,470
600,676
N/A
300
300
N/A
229
215
N/A
19,059 13,672 274,366
19,059 13,672 274,366
$0 $0 $0