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HomeMy WebLinkAbout2021 Financial Statement (1)AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA ) ss COUNTY OF ANOKA Debra Schwalba being duly sworn on an oath, states or affirms that he/she is the Publisher's Designated Agent of the newspa- per(s) known as: BSLP Col Hght Frid Life with the known office of issue being located in the county of: ANOKA with additional circulation in the counties of: RAMSEY and has full knowledge of the facts stated below: (A) The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provided by Minn. Stat. §331A.02. (B) This Public Notice was printed and pub- lished in said newspaper(s) once each week, for 1 successive week(s); the first insertion being on 07/08/2022 and the last insertion being on 07/08/2022. MORTGAGE FORECLOSURE NOTICES Pursuant to Minnesota Stat. §580.033 relating to the publication of mortgage foreclosure notices: The newspaper complies with the conditions described in §580.033, subd. 1, clause (1) or (2). If the newspaper's known office of issue is located in a county adjoining the county where the mortgaged premises or some part of the mortgaged premises described in the notice are located, a substantial portion of the newspaper's circulation is in the latter county. Designated Agent Subscribed and sworn to or affirmed before me on 07/08/2022 by Debra Schwalba. Notary Public r'V17YL4�YVrY+T�'fr'�[�'d� W t%/ RaV'W V DARLENE MARIE MACPHERSON NOTARY PUBLIC - MINNESOTA a �c Nly COMIsslon Expim Jan 31, 2024 Rate Information: (1) Lowest classified rate paid by commercial users for comparable space: $22.00 per column inch Ad ID 1241389 CITY OF COLUMBIA HEIGHTS, MINNESOTA SUMMARY FINANCIAL REPORT The purpose of this report is to provide a summary of financial information concerning the City of Columbia Heights to interested citizens. The complete financial statements may be aamined at City Hall, 590 40th Avenue N.E., Columbia Heights, MN. Questions about this report should be directed to Joseph Kloiber, Finance Director, at 763-706-3627. TOTAL GOVERNMENTAL FUNDS REVENUES AND EXPENDITURES For The Years Ended December 31, 2021 and 2020 Total 2n21 Total 202o Percentage Gnanae Revenues: Taxes $14,076,479 $13,508,224 4.2% Tax increment collections 1,125,789 1,116,418 0.8% Special assessments 908,727 599,35E 51.6% Licenses and permits 1,056,352 680,826 55.2% Intergovernmental 4,102.455 4,266,804 -3.9% Charges for services 912,519 938,1B4 -2.7% Fines and forfeitures 99,81 109,901 -9.1 % Investment income: Interest and dividends 172,849 332,374 -48.0% Change in fair value (232,619) 96,893 -340.1 % Other revenues ]A7 50Z tan 77a ?1.n% Total revenues 22.364.945 21,829260 z2K Per capita 1,01E 1,085 -6.2% Expenditures: Current: General government 2,380,720 2,455,630 -3.1 % Public safety 7,649,166 7,919,535 -3.4% Public works 2,042,008 2,141,106 -4.6% Culture and recreation 2.979.710 2,646,549 12.6% Community development 712,318 1,076.152 -33.8% Capital outlay: General government 278,738 276,828 0.7% Public safety 798,428 598,065 33.5% Public works 1.890,539 2,773,861 -31.8% Culture and recreation 65,069 22,200 193.1 % Community development 1,646 - 100.0% Debt service: Principal retirement 1,000,000 980,000 2.0% Interest and fiscal charges 519,477 555,801 -6.5% Issuance costs 76.485 - 100.0% Developer incentives 5569226 769 Ant M,B% Total expenditures 25,963,530 P2,215,12916 9% Per capita 1,182 1,104 7.0% Other information: Total long-term indebtedness - governmental activities 22,685,000 17,750.000 27.8% Per capita 1,032 882 17.0% General Fund and Special Revenue Funds Unrestricted Fund Balance - December 31 13,527.657 11,720,208 15.4% Per capita 616 583 5.7% STATEMENT OF NET ASSETS PROPRIETARY FUNDS December 31, 2021 Water Sewer Refuse Utility Storm Sewer Total Enterprise Internal Service Assets: Util ly Fund Utility Fund Cod Uillily-riind Ljoupt Fund &"a Funds 2021 2021 Current assets: Cash and cash equivalents $1,013,644 $1,878,652 $2,069,127 $739,796 $1,619,131 7,320,350 $4,193,883 Receivables: Accounts (net of allowance for uncollectibles) 1,026,139 566,162 535,287 166,364 - 2,293,952 - Interest 2,600 2,800 4,200 1,600 2,900 14,100 6,900 Due from other governmental units - current - 13,037 47,045 39,993 - 100,075 300 Prepayments - 107,401 - - - 107.401 76,280 Inventory - at cost 7 909 Total current assets 2,106,604.. 2.%13.052 2,655059 947,763 3.795 404 12 073.472 4.351.2Z Noncurrent assets: Capital assets: Land 45,223 36.586 - 260,690 2,006,714 2.349,213 15,779 Construction in progress 755,264 23,697 - - - 778,961 - Buildings 1,776,045 768.836 56.000 - 4,155,734 6,756,615 1,978,957 Equipment 744,877 1,219,400 112,893 394,068 509,846 2.981,084 676,098 Infrastructure _ 2-mg $R1 6 9,46 9A - 2,667,144 - 19,294,963 Total capital assets 13,002,310 8,995.437 168,893 3,321,902 6,672,294 32,160,836 2,670,834 Less: accumulated depreciation (5_322.3191 (5 603.113) it42.0181 11,549,2811 (2.11a9,,3p) fi_A 736,161) 411,699,502k Net capital assets _Z 679 g91 3 UZ 324 26 815 1,772,621 4.65P.864 17,424.6Z5 971.332 Total noncurrent assets T.679.99T 3,392,324 26,875 1.772BELA J�2 B6d 17-424.675 971 3M Total assets 9/786/595 5,900,376 2,682,534 2,720,374 0,348265 29498.147 5.3 2. 04 Deferred outflows of resources related to pensions - - - 7,262841 Liabilities: Current liabilities: Accounts payable 89,124 23,40E 299,637 4,641 287,360 704,170 139,021 Accrued salaries and withholdings payable 15,524 6,539 1,944 1,835 19,730 45,572 13,137 Contracts payable 32,054 17,358 - - 49,412 - Duetoothergovernmentalunits 130,139 - - - 96,013 226.152 - Accrued interest payable 2,446 1,5B5 - 1,933 22.482 28.446 - Unearned Revenue - 1,092,457 - - - 1,092,457 9,720 Deposits 2,500 - - - - 2,500 - Compensated absences payable - current - - - - - - 143.100 Bonds payable - current 80,000 %8 00 60 400 260J= 460,000 - Total current liabilities 351,78L�.20�_947 301-581 _ 68.809 685,585 2.608.7n9 30» I78 Noncurrent liabilities: Compensated absences payable - noncurrent - - - - - 1,088,976 Other postemployment benefits payable - - - - - - 1,501,114 Bonds payable(net)- noncurrent 170,000 119,200 - 120,800 2,092,106 2,502,106 - Net pension liability _ - 6.I n 244 Total noncurrent liabilities 110.000 119.200 0 124,8as_ 2 nV 106 2.502.10 8.7?8 3? Total liabilities 1.120.147 30L581 189,609 .7,ZZ.691, 5,110.815 Deferred Inflows of resources related to pensions - - - 9,572,704 Net assets: Invested in capital assets, net of related debt 7,429,991 3,213,524 26,875 1,591,421 2,200,758 14,462,569 971.332 Restricted 86,807 64,330 - 65,649 304,567 521,353 - Unrestricted -1,748 ¢10 -1 392.375 2.351.078 873.695 3,065,252 9,40341D f5.991.9031 Total net assets S9.264.808 S4.640.229 $2,380,953 S2,530.7§5, 15.570,5Z S24,361,332 46.020.5711 CONTINUED...