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1954 Financial Reports VILLAGE OF FRIDLEY FRIDLEY, MINNESOTA REPORT ON EXAMINATION OF THE ACCOUNTS AND RECORDS FOR THE YEAR ENDED DECEMBER 31, 19514. OSCAR 1. SCHUELEIN CERTIFIED PUBLIC ACCOUNTANT 607 NORTHWESTERN FEDERAL BUILDING MINNEAPOLIS 3, MINNESOTA January 25, 1955 Village Council Village of Fridley Anoka County Fridley, Minnesota Gentlemen: We have examined the financial affairs of the Village of Fridley for the year ended December 31, 1954. Our examination was made in accordance with generally accepted auditing standards and included such tests of records and other ;>upporting data as was consid- ered necessary in the circumstances. In our report thereon, the following exhibits and schedules, together with related oolmments1 are submitted: Page No. EXHIBIT "A" - Combined Balance Sheet by Funds, December 31, 195+ 6 "B" - Summary of Receipts and Disbursements, For the Year ended December 31, 1954 7 "C" - Liquor Stores Fund Balance Sheet, December 31, 1951 8 "EP - Liquor Stores Fund Profit and Loss Statement, For the Year ended December 31, 19514 9 "E" - Organization 10 SCHEDULE #1 - Detail of Receipts for the General Fund and Police Fund, For the Year ended December 31, 1954 11 #2 - Disbursements by Funds, For the Year ended December 31, 195)4 12 - 17 #3 - Fixed Assets, For the Year ended December 31, 1954 18 - 19 (Continued on Next Page) 1 1 -2_ Village of Fridley Fridley, Minnesota Page No. SCHEDULE - Insurance in Force, December 31, 1954 20 #5 - Liquor Stores Insurance in Force, December 31, 195)4 21 The Village was incorporated July 1, 1949. The "Off Sale" portion of the liquor store at 7631 Central Avenue N.E. has been in operation since October, 1949. The "On Sale" operations were beg un at the same location during the latter part of February, 1950. A Municipal building was constructed which houses the Village Hall, Police Department and Fire Department, and was com- pleted in 1952. The second "Off Sale" store was constructed during 1953 and opened for business in the latter part of November, 1953. COMENTS Exhibit "A" sets forth funds, assets and liabilities as indicated thereon. Qash on Hand and in Bank Cash on hand was counted and cash in bank was verified directly with depositories. Receivables Shortages receivable represents the balance still not collected from the findings of our previous report. Inventories Inventories represent the actual physical oount of liquor stocks made by this office and liquor store employees on January 2, 1955. The pricing of these inventories was on the basis of lower of cost or market and such pricings, footings and extensions were checked by us and found to be correct. In our opinion, these inventories are properly valued. -3- Village of Fridley Fridley, Minnesota Deferred Assets This represents the deferred insurance premiums applicable to subse- quent periods and covers policies in force for the liquor stores only. These policies are set forth on Schedule W5. Other policies covering other than liquor store operations and hazards are set forth on Schedule #.. The computation of the deferred insurance on these latter policies was not made. Sewage Connection Rights This represents the cost to the Village of the rights to connect to the sewer facilities of the City of Columbia Heights in accordance with the contract executed November 2L , 1953, retroactive to November 1, 1953. Fixed Assets Summary of Fixed Assets at cost is set forth on Schedule 03. No depreciation has been computed on assets other than those used in the Liquor Stores' operations. Liabilities Accounts Payable represents outstanding unpaid invoices at the close of the year for merchandise purchases and expenses for the liquor stores. Contract Payable is to C. A. Swanson, the original amount of which was $3,000.00 with $500.00 due semi-annually with interest at the rate of 5% until paid. This contract was entered into in connection with the purchase of land on whioh the new liquor store was constructed at 3710 E. River Road. Interest has been accrued on the foregoing contract in the amount of $30.614. Bonds Payable represents a balance of $21,000.00 used to finance the construction of the municipal building at 6431 University Avenue NEE.; also, a -,- Village of Fridley Fridley, Minnesota balance of $998,000.00 which was issued to finance the installation of municipal water, sanitary sewer, and storm sewer systems. (The installation has not been completed and the Village has financial eommittments on uncompleted contracts in the amount of $219,275.06. The Village is also committed to pay on finished work the sum of $84,493.41, which represents the balance of hold baok funds.) The original bond issue, in the amount of $30,000.00 used for the con- struction of the Village Hall, is payable at $3,000.00 per year. The payment due and payable January 1, 1955, was paid on December 27, 1954, together with interest thereon and is reflected in the disbursements section of the General Fund for 1954. The bonds issued to finance the installation of the municipal water and sewer installations mature during the period from May 1, 1955, to August 1, 1974. Interest is payable semi-annually on these bonds at rates varying from 2 3/4% to 4,0. The principal amount due in 1955 is $4,000.00. No provision has been made in this report for accrued interest payable on these bonds. Long-term Contract represents the balance payable to the City of Columbia Heights for the right to connect to the City of Columbia Heights sewer system. It is payable as follows= "$9,114.00, or more, on April 1, 1954, and like amount each year thereafter until the total amount thereof, together with interest at the rate of 2-zj per annum, payable annually on the unpaid balance shall be paid in full. Interest charges shall be accrued from November 1, 1953." Payment on the principal in the amount of $9,11400 was made to the City of Columbia Heights on April 1, 1954, along with the interest due on the full prin- cipal amount. Accrued interest from April 1, 1954, has not been computed. Liquor Stores Operations Net Income from the Liquor Stores operations of the Village for the -5- Village of Fridley Fridley, Minnesota year ended December 31, 1954, was $57,375.22. Condensed comparative summary of operations for the years 1953 and 1954, together with percentages to sales, is set forth in tho following: 1954 X953 SALES $315,979.94 100.005 $225,107.43* 100.00% COST OF S«LES 220,747.46 69.86 142.099.95 63.12 GROSS PROFIT 95,232.48 30.14 83,007.48 36.88 • r' ,'.PEITSES 47.019.87 14.88 38,049.55 16.90 NET OPERATING PROFIT 48,212061 15.26 44,957.93 19.98 OTHER INCOME 9,162.61 2090 2.027.25 .90 NET INCOME $57,375.22 18.165 $46,985.18 20.880 *Includes, in the year 1953, approximately five weeks of operations of Store #2 as compared to a full twelve-month period in 1954. Liquor stores operations have been reflected on the accrual basis, including provision for depreciation of fixed assets. Operations A summary statement of receipts, disbursements and transfers for all funds for the year ended December 31, 1954, is shown on Exhibit "B". ------- GENERAL Further improvements in the accounting records have been made during the year 1954. The intended installation of a general ledger to provide sepa- rate controls of each fund will be a desirable improvement. This will provide information necessary with a minimum amount of time in compiling. In our opinion, the a000mpanying Exhibits and Schedules fairly reflect the operations of the Village of Fridley for the year ended December 31, 1954, and balance sheet; subject to the above comments, they present the financial position as at that date. =peo 11 submitted, tilled public Accountant E I p O 0 0 0® 0 • • — 0 lie. w z -:.1-1 w o 0 r4 r-1 -V Y 1- -+ Lt1 0` 0 M M 0 0 N M 1.• 0 0 0 0 0- O Is U\ 4-4 ' U\ 1.11 f cd ra 0\ M M 0 ON N ri U1 0\ ri 4, -P O �p �p i 00) O O O O O O O w r • e •• • o 0 M sW C) .0 0 0.1 C' O c M 0. c� u� o co 0 ' OW CO 4 Q U 4) 4. N CO 0p�'0.1 N N- 4 w Pa 1 G1 0 -1 w a A - 49, .-1 U1 h- 0 141 N- O O 0 'O C7'+ CM h- i. W M '0 0 co CD p CD 0 Nl CO 0 0 • • • • • • • 0 • • • • I C,• 0 I. 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'40,,� M ri N • 4 vv ri ri 4 �p O �4.) rri O ND aD M OOD N O aid 17 Addd.3,•oAAdddto .-4 ® 0 r-• , 1 1 /,,LtLAN 11 I M . o 0 U Iti ♦ • w Ch Si S �a N N .� a 4) .• A CO O I N I q q O q 0 q .i A A. CO M1 5.• o O w `" o U '' i, Oq H • m 4, •C Po o o • o g a 44 F s rWI a 0 v v C C .0. 43 o pp i l d O t g O O O flit) ro - U d Q4-1 . O U _ rr F 110 w �, a H mp. 404 Village of Fridley Fridley, Minnesota EXHIBIT "C" LIQUOR STORES FUND BALANCE SHEET DEC E TER 31, 1954 ASSETS CURRENT ASSES Cash on Hand $25,390.57 Cash in Bank 13,141.78 $ 38,532.35 Merchandise Inventory 56. 17.67 Total Current Assets 94,850.02 Deprec. FIXED ASSETS Cost Reserve Net Land Site and Improvements $4,585.00 4,585.00 Bldg. and Improvements #2 14,018.17 $ 328.47 13,689,70 Bldg. Improvements #1 4,040.42 771.05 3,269.37 Furniture & Fixtures #1 13,6280142 5,062.32 8,566.10 Furniture & Fixtures #2 4,8449.66 5142001 4,307065 Permanent Signs #1 832.22 320.26 511.96 Permanent Signs #2 590.00 68.83 521.17 Driveway #2 495.00 _2311.2 71.90 $43,038.89 $7 116.04 35,922.85 DEFERRED ASSETS Unexpired Insurance 3.627900 TOTAL ASSETS $134,399.87 LIABILITIES CURRENT LIABILITIES Note Payable $ 5,000.00 Accounts Payable 22,777.80 Employeest Income Tax Withheld 762.90 0 Public Employees Retirement Act 85.39 Accrued Interest 30.84 Current Portion Contract for Deed 1,000000 Total Current Liabilities $29,656.93 LONG-TERM LIABILITIES Contract for Deed 1,500.00 Less: Current Portion Above 1,000,00 500.00 TOTAL LIABILITIES 30,156.93 NET NORTH SURPLUS Balance, January 1, 1954 82,367.72 Net Income from Exhibit "C" 22 139,742. Less: Transfers to General Fund 3 ,500000 1011.2142.94 TOTAL LIABILITIES & NET WORTH $131,399.87. i 1 -9- Village of Fridley Fridley, Minnesota EXHIBIT "D" LIQUOR STORES FUND PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED DECEMBER 31, 1954 SALES $315,979.94 COST OF SALES Inventory, January 1, 19514 $ 49,795075 Merchandise Purchased 227.269.38_ 277,065.13 Least Inventory, December 31, 19514 56,317.67 220,747.46 GROSS PROFIT 95,232.48 GENERAL EXPENSES Wages 27,358.91 Rent 2,700.00 Heat, Light and Power 2,592.23 Repairs 309.97 Advertising 28.30 Laundry 390.91 Telephone 403.12 Bar Supplies 381.85 Professional Fees 2,255000 Store Expense 3,390 Insurance 2,929. Store Supplies 1,373.51 Interest 553.01 Depreciation 2,353.69 47,019.87 NET OPERATING INCOME 48,212061 OTHER INCOME Discounts Taken 7,690.48 Amusement Machines 1,348,67 Prior Period Adjustment 123.46 9.162,61 NET INCOME TO EXHIBIT "B" $57,375.22 -10- Village of Fridley Fridley, Minnesota ElXHIBIT "E" ORGANIZATION YEAR ENDED DECEMBER 31, 1954 Terra of Offic9 From To COUNCIL Mayor Robert Hughes January 2, 1954 January 2, 1956 Councilmen Glenn Johanson January 2, 1954 January 2, 1957 Albert W. Paulson January 2, 1953 January 2, 1956 Herbert Bacon, Sr. January 2, 1952 January 2, 1955 Village Cleric lia.rd Honing January 2, 1953 January 2, 1955 VILLAGE MANAGER Ernest Madsen January 4, ""1954 Indefinite JUDGE OF MUNICIPAL COURT Elmer Johnson January 2, 1954 January 2, 1958 *VILLAGE ATTORNEY Wyman Smith January 2, 1953 Indefinite ASSESSOR Herder Nelson January 2, 1954 January 2, 1955 TREASURER Marjorie Small January 2, 1954 Sept. 1, 1954 (Resin.) **Marvin Brunsell October 15, 1954 Indefinite CLERK OF COURT **Laverne O'Flanagan August 1, 1954 Indefinite *No record in minutes **Appointed by Village Manager -11- Village of Fridley Fridley, Minnesota SCHEDULE #1 DETAIL OF RECEIPTS FOR THE YEAR ENDED DECEMER 31, 1954 GENERAL FUND Building Permits $2,292.25 )G---I Plumbing Permits 8)44.00 Filing Fees 7000 U-L Licenses 2,025.17 6-°3 Maps and. Miscellaneous 89.70 -�7 Shortage Restitution 100.00 & LJ Anoka County - Real Estate Taxes 22,509.66 6-5 Cigarette and Liquor Tax Apportionment 6--‘7,S54.0t�. _� Total Receipts - General Fund $35,421082 POLICE FUND Court Fines $14,931.15 Drunkometer Tests Given 127.50 Total Receipts - Police Fund $15,058065 • • fi _12_ Village of Fridley Fridley, Minnesota SCHEDULE .2 DISBURSEMENTS BY FUNDS FOR THE YEAR 1954 GENERAL FUND Salaries • Officials Mayor $ 150.00 Council 300.00 Treasurer 140.00 Clerk 150000 Village Manager 5,800.00 $6,510000 Clerical Office 3,796055 Health Officer 60.00 Assessor 1,976.25 Election Judges 367.80 Dog Catcher Fees 1486.00 $13,226.60 • Capital Expenditures Friden Calculator 400000 Check Signer 300o00 Steel File 45.00 Two Office Chairs 20.00 Duplicator 50.00 815.00 Expenses Legal 920.33 Auditing 3,450000 Telephone 321.77 Light and Power 298.50 • Printing and Office Supplies 1,551.72 Insurance 1,054.79 Surveying 80.00 Employment Fee 150.00 Dog Tags and Bike Licenses 108.75 Building Inspector Fees 822.50 Municipal League Dues 167.50 Convention Expenses 306.27 Assessor and Finanoe School 22.00 Village Maps 30.00 Signature Plate 45.00 Recreation Committee 300.00 Civil Defense 25.00 Register of Deeds 9.00 N.S.F. Check 3.00 Misoellaneou.s Supplies and Postage 132.41 Coke for Machine 53.52 9,852.06 _13- Village of Fridley Fridley, Minnesota SCHEDULE #2 (Continued) DISBURSEMENTS BY FUNDS FOR THE YEAR 1954 GENERAL FUND (Continued) Other Disbursements Real Estate Taxes - Janet Logan Park 55.96 Park - Legal for Condemnation 363.80 Park property 60.00 Central N.W. Bank - Payment on Loan 10,000.00 Central N.M. Bank - Interest 186.11 N.W. National Bank - Payment on Bonds 6,000,00 N.W. National Bank - Payment on Coupons 1,125.00 N.M. National Bank - Paying Charge 10.51 17,801.38 Total Disbursements - General Fund $41,695.04 POLICE FUND Salaries Police Officers $144880.22 Judge 900.00 Court Clerk 450.00 Probation Officers 70.00 Dispatchers 150.00 #16,150,22 Capital Expenditures Drunkometer and Cabinet 233.00 Jail Front and Bunks 1,525.00 Jail Plumbing and Bath Fixtures 621.03 Extra Equipment, Police Cars 489.10 Gun Raok and Card File __2fi.0O- 2,896.13 Fire Extinguishers and Flares 69.90 2,966.03 expenses Radio Service 833.33 • Rental, Police Car 525.00 Gas and Oil 2,195.93 Car Repair and Maintenance 1,309.71 Lettering, Police Car 12.00 Insurance 703.69 Blankets and Pads, Jail Bunks 33.98 One Police Coat 16.23 Jail and Workhouse Keep 900.40 Hospital Care - Prisoners 114.00 Drunkometer Tests 170.00 Drunkometer Supplies 95.66 Medical Examinations - Drivers 76.00 Repair Work - Jail 194.68 Phone 730 .32 Miscellaneous Supplies & Maint. 194.15 First Aid Supplies 6.13 1 co is, 8 o C00 o 0 8 .0 11, 1:::?‘ r4 Lfi 4`- M N to O LA • • •• IA LA tA, r-4 0'N ON c0 C— q w .. C`- r-1 r-1 .4i ' O 04 O OOO OOO 1STt - pOtclp oC�15100 r-1 O O 0 0 0�Lt1!S10M0 1110-OLL1� O p r� N LA C.aD A t rt1 P�(1 LA N-A' 04 ri +-�--fir-I ri � i7 r ° E t P. ,x .0 •A 0 r-1 co it k 0 0 w 0 a ° g 4 w rt.cd � 0 a) , fs, © Q) V H 0 •r1 •V1 0 Fl Cl a) r-44•i g �' 0 0 (, r-4 ggm � •rri •p W 'ci a) a"0o rri O ''r lei al .4 of 0u' r�1 r4 -}� O a� Z 0 W -P +, g PI ••1 (si r=4 1 i., 2 d J V W ao r1 fsy -r4 r-4 d Sr O r1 0 0 O A 0 W a .4 -F g .4-1 0 O A CO r-1 W 0 0 Q 0 % $ .0 0 0 ra w •P m W U t.) •r1 td)•t-) r-I O f) a) cr m a -r1 0 ti •r1 ri •8 m V U r-I v v N .9 1-i O -P 4-4 0 • � 0 co 0 P E4 W -ri ,t) 4.) W d d O tr U N al 0 pp g 0 r t .--4 d :1 .z; $a U; Z C.) ta ra ts, d 0 r-•1 r-1 4-, Sm 0 -P 0 as 0 0 va y' $4 to d a,-r•1 $4 a) •ri 0 •r-1 0 i m a £-s a) r-1 -P 0 0 0 a) 0 d 0 © a 0 a) W a) as 4) V E l •-' 0 S: •H •r1 �y r-i W -P a) $4 $4 -1-1 2 a9 r-t 04-P Sr g fr 0 .4-1 Sr 0) a) m F*� 0 O S, VVV S., r1 0 +� m o c�Q d S� r1 -r1 rr-1 S: Q) m o •r1 O •r1 •r+ .r1 q .'� + lit 0 C.) S1+ CA xx d rr4 •r1 a a ,-t r7�CA O � w rr � a) c Es x 'I P, � 4 i- t, f-4 Ci .a.c4 ca4 R r7-1 ..15- Village of Fridley Fridley, Minnesota SCHEDULE #2 ' (Continued) DISBURSEMENTS BY FUNDS FOR THE YEAR 1954 VILLAGE HALL Capital Expenditures One Shower Cabinet $55.00 Two Wardrobes 21090 Bed Spring and Mattress 31.50 Village Hall Sign 20.00 $128.140 Expenses Fuel Oil 860.89 Light 109.36 Surveying 60.00 Paint and Supplies 39.00 Janitor Service 282.75 Cleaning Supplies 269.47 Repair Furnace & Overhead Door 105.96 Garbage Collection 1.25 Gas for Cooking 8.75 1,737.43 Total Disbursements - Village Hall $1,865083 ROAD AND BRIDGES Capital Expenditures - Gardena payment for Property and Damages $200.00 Legal Fees - Condemnation 584.55 Commission and Appraisal Fees 150.00 Staking 482.45 Construction of Road 3,000.00 $4,417.00 Expenses Grading 3,289.50 Blading 1,135.00 Scraping 366.00 Clay and Gravel 284050 Asphalt for 66th Avenue 2,382.75 Snow Planing 249.00 • Engineering 102.00 Street Signs 441036 Weed Cutting and Inspection 210.55 Road Repair and Removing Trees 327.20 Patrol 54000 Publishing Notices 78.00 8.919.86 Total Disbursements - Road and Bridges $13,336.86 N trti ., • •tt. PCN 01 N 03 0 SOP R t1 p p MO $ 2CN 0 e pi N 4:1) • r • • • • • • e N "10 o • • O 1 wC OV INtAcoo N--N- 1� t` c- -z'ri t^- t`-•0 •C m M1 C- L� 4. e-1 /N 01 Sob , 08 r4 �H .NN• • • • • • • • N Ci N t4 O LA ON [D O ri 0? t--O •O r1 --D O• A al cd t`,•-1 - aka'l-- r0-1 O fr. I l zld " = �' k • '* 'd •2 • ` '��, y ^ + ri 1 O • 0 qo 4) t) q• 4) •D '"' m +� f COs' v)W .O-) VI W n" il U •f3 a`3 ft V •3 •.Z3 It o 41 43 k 412 07; ri i E wl' r { U U 1 is O N W �€ta3� • 1" 'd d1 v m a: O • '`� O r 0-�,+1 4 a a c' tra w a, >n -P a ci a>40 1 0 lk 4I1 Pa Pi la P4 W d •q • d � c) r-i i 2'8 va m A 4, 1 8. .r). Co j pi] 0 04 r-ir-i A • � I m m � g m Q 0O r A p O � O 0w. 4 � V2 O v 1 � cla m Q Q F3 r T.1 AO 7 �1 ` m � o U �' of 1-1 m H O d W{ w -N m $4 -'0 f 6 0 ••'L3 0 W O rr l S �r o • $4 M '� $4 iH m m O a$ 09 S to' $4 W 'O•ri ta g $4 14 •ii m 0 k a N ..i y 0 H '. O •• Q1 a) S1 .5 p, m Q m .rl jr -N @ FA m ® i, •ri 0 a) r-1 O E-+ f'�' t!3 'LQ� 'O a) A P4 r-1 ►.7 'd A µ+ m a fa A +� P m m A m H • ao +� q -P a> +3 s7 -i� •rt Rs fs7 1 C12 H csa 0 t/] Ea U I -17- Village of Fridley Fridley, Minnesota SCHEDULE #2 (Concluded) DISBURSEMENTS BY FUNDS FOR THE YEAR 1954 PERMANENT IMPROVEMENT FUND (Continued) Water Project #1 Lametti & Sons, Cost of Work C om. 82,657.11 Least Hold Back 4,132.82 Net Paid 78,524.29 Minder Engineering, Plans & Speo. 3,512.93 Minder Engineering, Sur-, & Eng. ,360.2 City of Mpls., Inst, 16" Saddle 1,206.44 Interest of Warrants 84.05 Total Disbursements - Water Project #1 87,687.96 Water Project oe Phelps-Drake, Cost of Work Camp, 139,584057 Less: Hold Back 6,979.16 Net Paid 132,605041 Minder Engineering, Plans & Spec. 5,951.57 Minder Engineering, Surv. & Eng. 2,545.22 Total Disbursements - Water Project #2 141,102.20 Water Project #3 Phelps-Drake, Cost of Work Comp. 31,875.35 Loess Hold Back 4,781.30 Net Paid 27,094005 Minder Engineering, Plans & Spec. 3,391.48 Minder Engineering, Surv. & Eng0 1,463.09 Total Disbursements - ter Projeot #3 31,948.62 Storm Sewer Projec #1 Phelps-Drake, CO of Work C np. 83,.66 Less: Hold Back 12,500.20 Net Paid 70,8.46 Minder Engineering, Surv. & Eng. 1,5E4.50 Total Disbursements - Storm Sewer Project #1 72,398.96 Unclassified General Hall, Smith & Hedlund, Fiscal Agt. Fees 6,605.00 Computing Spec. Assess. (to General Fund) 9,980,00 City of Col. Hgts., Principal on Dewar Conneo. 9,114.00 City of Col. Hgts., Interest 763.83 N.W. Nat'l. Bank - Lit. & Pay. Chg. on Bonds 1,122.80`'' Advertising and Printing 281.90 Assessment Cards and Material 182.35 Interest on Warrants 20.49v Total Disbursements - Unclassified General ?0„070.37 TOTAL DISBURSEMENTS - Permanent Improvement Fund - All Projects $307,582.08 I 1 -18- Village of Fridley Fridley, Minnesota SCHEDULE #3 FIXED ASSETS FOR THE YEAR ENDED DECEMBER 31, 1954 Balance Additions Balance 12-31-53 1954 12.31-54 GENERAL FUND Land - Village Hall $ 1,500.00 $ 1,500.00 Village Hall 47,692.25 $ 128.40 47,820.65 • Typewriter 58.88 58.88 Adding Machine 240000 2 .00 Steel Storage Cabinets & Files 55.00 45000 100.00 Monroe Folding Table 34.25 34.25 Office Equipment 106.50 106.50 Chairs 469.00 20.00 489,00 Two Map Cabinets 205.00 205.00 Check Protector 50.00 50.00 Check Signer .00 0.00 Friden Calculator 00.00 400.00 Duplicator _ 50.00 50„00 TOTAL GENERAL FUND $50,410.88 $943.40 $51,354.28 POLICE FUND 1953 Oldsmobile $2,636.24 $2,636.24 General Equipment 549.49 $ 69.90, 619.39 Shortwave Receiving Set .87.36 87.36 Office Furniture & Fixtures 448.50 28.00 76.50 Jail Front & Bunks 1,525.00 1,525.00 Jail Plumbing & Bath Fixtures 621.03 621.03 Drunkometer & Cabinet 233.00• 233,00 Extra Equipment, police Cars 1189.10 ____4.§.2.0S TOTAL POLICE FUND $3,321.59 $2,966.03 $6,287.62 FIRE PROTECTION FUND Fire Trucks $ 6,964.80 $ C993.37 $ 7,958.17 Fire Tank Truck 1,477.90 1,1177.90 Hoses & Nozzles 2,018020 437.40 2,455.60 Fire Sirens & Switch 619.40 50.00 669.140 Fire Equipment 1,233.02 267.83 1,500.85 Siren for Tanker 101.08 101.08 • Pinup Tanks 153.00 153.00 Helmets 83.45 83.45 Fire Pumps 1416.99 - 355.00 771.99 Two Cabinets on Auxilary Tanker 115.00 115.00 Fire Pumps 122.63 122063 Letter File and Cabinets 90.75 39.50 130.25 flesucitator 327.00 327.00 Battery Charger 31.50 31.50 TOTAL FIRE PROTECTION FUND $13,396022 $2,501.60 $15,897.82 I -19- Village of Fridley Fridley, I.Zinneaota SCHEDULE #3 — (Concluded) FIXED ASSETS FOR THE YEAR ENDED DECEMBER 31, 1954 Balance Additions Balance 12-31-53 _ 1954 12-31-54 SEWER AND WATER FUND Meters $2,266.03 $2,266.03 Installation 65.0Q 65.00 TOTAL SEVER AND WATER FUND $2,331.03 $2,351.03 ROAD AND BRIDGE FUND Gardena - Building $3,000.00 $3,000.00 Staking 482.45 482.45 Property and Damage 200.00 200.00. Fees and Commissions TOTAL ROAD AND BRIDGE FUND y4, 17.00 17.00 LIQUOR STORES FUND Fixed Assets - $41,191.14 $182.75 $41,373089 Assets Acquired (Unpaid) 1,500.00 165.00 1,665.00 43,036.89 Depreciation 7,116004 Book Value 35,922.85 TOTAL FIXED ASSETS DECE.BER 31, 1954 $116,210.60 I -20- Village of Fridley Fridley, Minnesota SCHEDULE i/4 INSURNCE IN FORCE DECEEBER 31, 1954 I al 1r 0 0 0 V "d pz 0 U 1. V K x k 03 \ 0 or m 0 O .'sC U Z O 00 0 S. c$ r�1 A . v v €� 0 U 0 g CO Q oo\ 0(�i .. a 0 ti 00 0 l° 0 rd W 0 rcl A M 0 0 0000 0 0 Q 00 .-a 0 000 I ds++ 0 0 0000 000 00 r1 r-4 0 000 • O • • • • • o • • • • 03 O o o • • p QOIf\O 00 00 ;i O COO w O 0 Op rnul 000 00 -N p-, 0 000 U 0 0 0 to-7-� N 000 'D0 o 03 0 0LfA0 W • • O w • • d 134 • • A a 0 • CO r- O r-4 LA U'�tsl O 00r0J LA 11. LA Lfl LA LA LA LA LA LA LA LA 11. A A 0 C r11i . 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P, ,a 13 0 P. 0 r! •rl 0 •rl O\O4 0 P 0 H Gt,■D cif U [4 .-1 r♦ r-1 -i P:1 W M U R W U Cg O • w o U W 0 • i § O 0 cFa� O O O O W � 0 U U 4 1.9 O0\ , •--i-1 0 0 H- 0 0 *8 U r-4 co Cl) C �" •f�0y 43 f7 i> M 43 43 43 -3 Cd �5 § 0} 1� f�" C g N o •t3 t1 MI 43 0 M al 0 m o 0 0 al 0 U W 0)� •�rl ?a A U U O U S� 0 0 CI 43 0 11 0 0 0 51 m U Gam. O O 0 m 0 0 o V Cl 0 w 4 •4 •g4 to '.O H H C-IHH Cl) P O o r••1 to Z r-f .y C M O CO O `i_i� a @ P M trl Cl) l ~ tM N1 D U M � �M O. � 0 g 0 M • -21- Villame of Fridley Fridley, Minnesota SCHEDULE #5 LIQUOR STORES' INSUR itTCE IM FORCE DECIO E ER 31, 1954 1 14 • • m 1-1▪ m g H U O 1 Q\U U 't1 '0 g S". 1:7 M 0 0 a) O a) qg 1. p m p m p m 0 0 U .4 . as 0 0 'L1 b 0 0 0 U 0 O 0 S C a) a (I 74 4 til m m 0 � m fa N § § CD 4) 4. 4. d b Poe 0 0 N 0 ca t vi ••r1 0 0 te •ri ad ao •ri •ri H H N H W W U 19 a I- 1.1 t) t)j O 0 0 0 0 0 0 O .a P O\ W a w 0 I .rl 0 q aD Q O N MM c0 Q\as U\ - '.?4 N N- M N 'v oa0000 0 000 0 0 0 0 0 0 0 0 0000 U\ 4 LA co 0- is r �0 "0 0 N '.0 U• 0 U\ U1 u• LA 0 U1 L(\O O•Q\ Yr • • • • • • • . . . • • . • • r-1 1r •rl Cam-Ul N q N N Ul co CO l` O N O N U\ t`-•L1\O\ • m U1 r1 N CO UN U1 q L(1 Q\ __1- Q� M M 0 (-0 N , 4.4 1m. 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