1960 Financial Statements 096T T£ ���II�3Q
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CITY OF FRTDLEY, MINNESOTA
ELECTED AIdD APPOINTED OFFICIALS
DECEMBEx 31, 1960
Term of
Office, Expirea
Jaauarp *
Mayor - T. E. Greig 1963
Councilmen:
Ray Sheridaa 1962
Glen Johaason 1963
William J. Nee T964
Bernard Wolke 1964 .
City M4nager - Exrl P, Wagner Indefiaite
Clerk - Marvin Brunaell � Indefinite
Treasurer - Marvin Brunsell Indefinite
Attorney - Aadrew Kohlan • Indefinite
Asseasor - Carl Chriateasen Iadefinite
Engineer - Calvin Brown Indefinite
l�nicipal Judge - Elmer Johnaon 1962
Clerk of Municipal Court - Virgil Wills Indefinite
*First official business day.
CITY OF FRIDLEY, MINNESOTA
TABLE OF CONTENTS
Page
.. AO.
�...�
Iadependent accountant'e opinion 1
Comments 2
Ccsubined balaace sheets - all funds, Deaember 31, 1960 5
StaCement of cash, December 31, 1960 6
General Fund:
Analysis of changes in unappropriated surplus,
year ended December 31, 1960 7
Statement of revenue-actual campared With budget
estimates, year ended December 31, 1960 8
Statement of expenditures- actual compared with budget
appropriations, year ended December 31, 1960 10
Recreation �nd- Statement of revenue, expendituree and
unappropriated aurplue, year ended Deceaber 31, 1960 17
General Debt Service �nd:
Statement of cash receipts and disbursements, year
ended December 31, 1960 18
Debt service requirements, December 31, 1960 18
Special assessment funds:-
Combined balance sheets, December 31, 1960 19
Construction funds: .
Combined balance sheets, December 31, 1960 20
Combined statementa of cash receipts and
disburaementa, year ended December 31, 1960 21
Debt service funds:
Combined balance eheets, December 31, 1960 22
Combined atatements of caah receipta and
diobursemeata, year ended December 31, 1960 23
Debt service requiraments� December 31� 1960 24
I�uaicipal liquor funds:-
Municipal Liquor Operating F1ind:
&tlance sheet, December 31, 1960 25
Comparative statem�nts of incane aad retain�d
earninga, years ended December 31, 1960 and
19 59 26
Comparative statements of operating expenses,
years ended Decmnber 31, 1960 and 1959 27
Municipal liquor dabt service funda:
Cambined balance ehe�ta. December 31, 1960 28
Cambined statements of cash receipte and
diabursements, year ended December 31, 1960 28
Aebt service requirementa, December 31, 1960 29
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Fsbruary 24, 1961
To the City Council
Fridley, Mianesota
Gentlemen:
In our opinion, the accoanpaaying atatemsnts preaant fairly tha
finsncial position of the respective funds of the City of Fridley,
Minneaots at Dece�nber 31, 1960 and the resulta of their operstione
for the year than ended, in conformity with generally accspted
govsrnmental principles of accounting applied on t�s accrual b�tais.
Our axamination of theae statements Was made in accordancs vith
generally accapted auditing standards and accordingly iocludsd such
tests of the �ccounting recorda and such other auditiag proce�ursa
as we considered necessary in the circumetancas.
Reapectfully eubmitted,
���'��.rs-,►9`�'
George M. Hansea Co�p�tay
Certified Public �►ccountaata
s
CITY OF FRIpLEY, MINNESOTA
COIrIIriENT3
The Village of Fridley became the City of Fridleq in accordaace vrith a
charter approved by the electorate September 10, 1957. The Charter
provides for a fo� of government desigaated as the "Couacil•�lanager
Plan". Under this plan aa set forth in the Charter, "All disoretionary
powers of the city, both Legislative and executive, shall vest ia and
be exercised by the city council. It shall have complete control over
the city a�eninistration, but shall exercise this control exclusively
through the city manager and ahall not itaelf attempt to perfo� say
administrative work." The council is elected by popular vote snd con-
sista of five membnra including the mayor, who is chairvano Tt►e city
manager is appointed by the council.
The financial statements included in this report wera prepared oa tha
accrual basis of accounting.
The following co�ents explain the purpoaes of the vsrious city funds
and give pertinent information concerning operations, ravenuss, ex-
penditures, budgetary controls and othar aignificant matteYSo �
General Fund
The Geaeral Fund is used to accouat for aIi revenue snd all activities
not provided for in other funds. Tt�e principal sources of revenue are
(1) property taxes, (2) licensea and permits, (3) 3tate eharsd taxes
(mainly cigarette and liquor) and (4) traasfers frvs public utility or
other enterprise funds. Expenditurea are for (1) genaral govsrn�snt,
(2) public safety, (3) highways. (4) sanitatioa and waste r�oval, (5)
parks and recreatioa and (6) other functioas. A plan of finaacial
operation of the General Ftind is aet forth in the anaual budgst adopted
by the Council. The folloving sumaary shows the aajor varisnces of
actual revenue aad expenditurns fram budget estinates for ths yaar
ended December 31, 1960.
Actual
over
Budget (uader)
Aetu�l eatiu�ates astia�ates .
Reveaue:
Property taxes $190,687.21 $184,195.00 $ 6,492e21
Licenses and permita 46,970.50 39,070.00 7,900.50
State shared taxes 31,435.02 15,000.00 16,435.0�
Transfer fram I�uaicipal
Lfquor Operating Fund 20,000.00 40,000.00 (20,000.00)
Other 18,855.37 14.605.00 4.250.37
Total $307,948.10 $292,870000 $ 15,076.10
Eicpenditures:
Treasurer $ 11,597.12 $ 15,018000 $( 3,420.88)
Assessor 14,592.95 10,559o0Q 4,033e95
Street and alley 45,103a89 50�665.00 ( 5,561011)
Traffic signs,eignals and
markers 2,424023 730.00 1.694.23
Othar 216,025.01 219.791.20 S 1.166.19)
. . f�1��� r� �����
Total �1,7� 4r�� 29b 763020 �( 5,020000)
3
Actual State shared taxes in excess of the estimated amount wa dua
meinly to apportionmsnt of cigarette and liquor taxas for the l�at l�slf
of Z960 on the basis of the 1960 census iastaad of tha 1950 census se
had been anticip4tedo
The additional $20,000.00 budgeted for transfar to tba General Fl�nd frat
the Municipal Liquor Operating Fund Nas net traneferred bacauss`auffi-
cient ca8h vas not available in the lattar fund.
Recreation Fund
1he recreation progr�m of the city is carried on in cooperation witb
School Diatrict #14 under the dirsction of a sevea member board coapoaed
of on� repreaeatative each from the City Council, School Metrict �14
Board of Education aad the City Park Board and four additional ms�abara
two each of which are appointed by the City Council and School Diatrict
*14.
General Dabt Service �nd
The General Debt 3ervice Flind is uaed to account for ths accu�lation of
resources for payment of general obligation bonds or oth�s general in-
debtedness and interest thereon and for diebursement of the funda so
received as payments of the indebtedness beco�e due. Only $6,OOOa00 of
general obligation bonds were outetanding ae of December 31, 1960. A
property tax levy ie being collected to pay thase bonds snd th� related
interest.
S�ecial As�es�ment �nds
Special assessaent funde are established to account for special assess-
ments levied to finance improvemeats or servicea dee�ed to benafit the
properties against which the asseasments are levied. Priu�arlly, the
transactione accounted for in apecial asseesment constxvetion funda are
receipt of bond proceeds and disbursement of boad proceeds for construc-
tion work dane. Special assessment debt service funds account m+tinly
for collection of asaessmente agaiast� benefitted property owners and
disburaement of 4asessment collections for the payment of bonda and
interest.
Several special aseessment funds ehowed cash deficits as of Dac�ber 31,
1960. Thea� deficits mean, in effect, that monies belonging to other
citq funds have been used �s a means of temporary fiaancing until
sufficient bonds ars sold and special assessments receivable collecEad
to pay current expenditurea and eliminate the deficita.
The Regular Special Assessment Debt Service l�nd showred an accouat re-
ceivable #rvm the City of Columbia Heights, Minnesota in the amount of
$52,100.00 represanting storw aewer construction costs ciurged to the
City of Columbia Heights as ita share of the co8tso Since Columbia
Heights disclaims liability for the costs and there ia a queation of
actual benefit to Columbia Haighte, s reserve for thia receivsbls has
been provided peadiag determination of collectibility.
Sewer and Water Project No. 13 Debt Service Ftiind incurred an unappropri-
ated aurplua deficit because all construction costs incurred �ere aot
assessed.
4
This deficieacy of assessments reaulted fram aasignment of coats to
certaia propertieg vhich vere subsequently deterained not to benefit
fram the improv�ments. Tbe deficit� which at Deceabor 31, 1960 amaunted
to $101,127.32, is being elimiaated by annual transfers froe the Public
Utilities Opsrating Fund.
Utilitv or Othtr Bn�grvriae Funds
Utility or other anterprise funds are established to account for t�a
financing of self•supporting enterprises which render servicea primarily
to the public. The two funds of this nature operated by the City are
the Municipal Liquor F�nd and the Public Utilities l�nd. T'has� funds
are subject to cammercial accounting. Statemeata of inco� aad rstained
earnings for the year ended Decesber 31, 1959 have bean iacluded for
purposes of camparison. Debt service funds have beenYestabliahed for
bondsd indebtedaess of the liquor aad utilities funds in accorda�ce with
bond s41es agree�aents. Of an original bond isaue of $230�000.00 sold in
1956 and 1957 to be paid for from revenues of liquor store�, $188,OQ0.00
were payable after Decenber 31, 1960. Theee boads aer� iesued to pay
for (1) a liquor store building, (2) an addition to the City Hsll build-
ing and (3) aa equipment garageo Ia 1956 reveuue bonds in the amount of
$170,Q00.00 were iasued by the Public Utilities Fund to provide funds for
construction of n reeervoir and a Well. As of December 31, 1960,
$160,000.00 of these bonds were payable in future year�. Debt service
requirements (principal and intezest) by yeara have been achedul�d ia
this raport.
Trust and A�aacy Fuada
Trusf and agency funds are established to account for cash or oth�r
aesets held by the municipality as a trustee or agento City fuada of
thia nature include (1) Fireaen's Relief Aasociation Fuad and (2)
Public Hmp2oyess Retirement Asaociation �1►nd. lhaae funds rec�ive
property tuc levy receipts and remit such receipts to the respectivs
essociations.
General Fixed Asset�
In the geaeral flxed asseta group of accouats ere carried all fixed
assets other than those carried in a working capital fund, a truet
and agency fund or a utility or other �ntQrprise fundo Geuaral fixed
assets were carried at cost except that fixed asaets for Whieh cost
information oraa not available were priced at appraisal valuas.
General
The 1960 census ahowed the population of the City of Fridley to be
15,173o Zhe I950 population as shown by the canaua taken tlut year vas
3,T96, The 1960 census figure malcea the City eligible for a share of
municipal state aid funds (gasoline tax colle¢tioas) in 1961 for the
first timeo The City has received notification fram the State of
Minneaota that municipal state aid funds in the aaount of $72,632.00
has been made available to the City for the year 1961 to ba s�cpanded (1)
$8�400.00 for streat maintenance aad (Z) $64,232.00 for straet coa-
structiou. The City'a portion of other shared State taxsa distributad
on the basis of population will be incraased.
T'he financi�l stateneate vhich follow have been preparod to sst forth
(1) iadividual fund balance sheets, (2) analyaea of changes ia unappropsi-
ated eurplus, (3) revenue-actual caapared With budget esZisate, (4)
expeadituree- actual compared with budget appropriatioaa aad (5) other
informationo
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6
CITY_ OF FRIDL�Y. MINNESOTA
STATEMENT OF CASH
A&CEMb&R 31,�1960
Treasurer cash:-
Petty cash and change funds:
Clerk's office $ 125.00 -
Municipal Court 25.00 � '
' Public Utilities Fund 75.00 �
l�nicipal Liquor Fund 8,600.00 �
Totel $ 8,825:00 °
Cash in baaks: .
Columbia Heights State Bank, R;
Columbia Heights, Minnesota $ 13,151009
Fidelity State Bank, Minneapolis, Minnesota 77,822087 ..
Camden Northvestern Bank, ' '
Minaeapolis, Minaesota � � 12,093.46)
Total " ' 78�880050
Cash with fiscal agent•Northwestern National Bank,
Minneapolis, Minnesots __44,111.50
Total caeh $151,817000 w
Allocation of cash by funds:-
Caah with
Trsasurer fiscal
To „tal ca�h `egt .
Geaeral FY�nd $ 68,957035 $ 68,957.35 -
Recreation FLnd 1,616.34 1,616034 � �
General Debt Service Fund 4,870.29 1,780.29 $ 3,090.00 �
Special assessmeat funds:
Construction (462,153.56) (462,153.56)
Debt service-
Regular 320,173.78 315,984.28 4,189.50
Sew�er aad Water Project No. 13 34,993a92 10,406.92 24,587.00
Sewer and Water Project No. 21 42,772.72 18,108.22 24,664050
Sewer and iiater Project No. 22 59,150.71 52,630.21 6,520050
Others 5,713.92 5,713.92 -
Municipal liquor fuads:
Operating ( 24,809.38) ( 24,809.38)
Principal and in�erest 20,289.26 19�229.26 1,060.00 �
, ��e�e 2,086.66 2,086.6b _.
Public utilitiea funds 77,897.87 77,897.87
Trust and agency funds 257.12 257012 ,
Total cash S 151,817,40 $_$7,705050 $_64,111.50
� ,
7
CITY OF FRIDLEY. MINNBSOTA
GENERAI. FUND
ANALY3IS OF CHANGES IN UNAPPRaPRIATED SURPLU3
..
YSAx BNDED DEC�ER 31, 1960
Actual
ovsr
Budget (utider)
Mtu est e�t_ imata
Uuappropriated surplus January 1� 1960 $ 83,043.04 $ 83,043.04
Adjust�nte applicable to prior yeare S 9_238=03) ( 9,238.03)
Adjusted unappropriated surplus
.Tanuary 1, 1960 $ 73,805.01 $ 73,805.01
Reveaue (pages 8-9) 307,948.10 292.870.OQ $13.0_ 78,10
Total beginaing balance and
revenue $381,753011 $366,675.01 $15.078.10
Expenditures (pages 10-16) 291,743020 296,763.20 5 020,00)
Unappropriated surplus December 31,
1960 $ 90,OU9,91 $ 69,�s $24,0� 9�
' 8
CI?Y OF FRIDLEY, MINNBSOTA
r
GSNEBAI. FUND
STATSMSNT OF REVBNUIt - ACTUAL COMPARBD wITH �t1DGET ESTIMAT88
YEAR SNDED DECBMEEx 31, 1960
/4c tual
over
&idg�t (nndar)
Actu �atiaates �atimats�
Property taxes:
Current $187,139.84 $184,195v00 $ 2,944.84
Delinquent 3,547037 - 3_,547037
Total property taxes $190,687�1 $184,19Si 8 6 492 1
Licenses and permita:-
Non-businase:
Gen�ral contractors $ 2,920000 $ 3,275.00 $( 355.00)
Slectrical conetruction
and in�tallation 765000 825o0Q ( 60000)
Plumbing 870.00 365.00 505.00
Gas pipiag $ervices and
aquipment inst�tllatiou 644,00 315a04 329000
Iieating, ventilation aad rafrigeratiou 720000 330.00 390.00
Masoary aad brick xork 750.00 370000 380.00
Building 12,820a80 9,840.00 - 3.020�80
Elactrical T,931v55- 6,OOOo00 1,931.55
Plumbing 7,982040 7,000.00 982040
Heating 6,837a45 7,000.00 ' ( 162055)
Other 2�394.30 1,717.00 677�30
Businesa: -
Cigarette 5I6.00 500.00 1600�
Gaaoline pua�p 213.00 150.00 63.00
Beer 1,100.00 970.00 130.00
Garbage and rubbiah l�auling 150.00 185.00 ( 35000)
Other 356,00 �268_00 _ 88000
Total licen�em and parmits S 46,970,50 $ 39.070.00 $ 7.900.50
Municipal Court - Fines and forfeitures S 9,855075 $ 9,025.00 $ 8_ 30,_15
Rsvenue fro� other aganciea-
3hared state taxes:
Liquor $ 8,912044
Cigarette 16,620001
Mortgage registry 4,536.50 �
M�obile home rsgistratioa fea 1,366.07 �
Tota1 reveaue fraa othar ageneies $ 31,435002 $ 1.S.00Q.00 $16.435002
Contributioa by Fridlay Wo�ens Club for -
saing snt $ 159.00 $ 159.00
Chargea for curreat services:
Fira agreements aad calle $ 450.00 $ 45Qo00
3p�cisl aasassment saarches 955.00 $ 80Q,00 155000
Notary feaa 218.95 150.00 68,9S
Board of priaionera 1,908.40 2,670.00 ( 761060;
Drunkoweter 280e50 300000 ( 19050;
Civi1 paper 358oQ0 100000 258000
Oth�r 3,140.93 1,310o0q 1 830.93
Total charges for curreat servicee $ 7,311.�8 $ 5,330 00 $ 1 9 lo
9
CITY OF FRIDLBY. MINNBSOTA
GENERAL FUND
STATBMENT OF REVSNUB - ACNAL_, C`OMPAR�D WI?Ii $UD6BT BSTIMATB$ (CO1�1TIliUBD)
YYA� �NDED DECEI�Ex 31, 1960
Actual
aver
Dud�at (uadsr)
Actual ssti�ates es�as
Miscellaneous:
Refunda and rei�bures�ents $ 894.50 $ 894.50
Gophes control 310.20 310.20
Compeaaation for loQe of property 49.14 49.14
Oth:r 275.00 $ 250.00 25 00
Total miscellaaeous $�,528.84 $ 2.50_00 $ 1_278.$4
Transfers fram Liquor atore $ 20,000.00 $ 40.004.00 $�O.00Oi00
Total revenue $3 1p '�48�.1�0 $292,�7�� $ 15,� 07�
10
CITY OF FRIDI�EY, MINNESOTA
GEHExIIL FUND
STATEMENT OF EXPENDITIIRBS - ACIUAL COMPARED WITH BUDGB� APPB+QPxUTI�ONS
YEAR ENDHD DECSMSBR 31, 196Q
.
Actual
avar
Budget (undar)
Actual acproariatioas aaa�COariatiot
Geaeral Government:-
Mayor and Councilmen:
Regular aalaries $ 4,320.00 $ 4�320,00
Printiag and publiahing 1,549.99 1,500.00 $ 49.99
Inaurance and bonds 120.15 120.75
Subscriptions and �aemberehip 180.00 300000 (120000)
Other expense _ 47o9Z 635.00 587.08)
Total $ 6,218.66 $ 6,755.00 $ 53 .34
Man�ger:
Regular ealariea $12,821011 $12�912000 $( 90.89)
Communications 582.41 740.00 (157059)
Priating and publishing 362.18 75000 28T.18
Travel, conference and schools 388091 300.00 88091
Other contractual servicea 919,75 750000 169.75
Office supplies 783.29 550.00 233.29
Ineurance and bonds 100000 160.00 ( 60.00)
Capital outlay 200000 (200,00)
Other expense 128.43 430.00 30 57)
Total $16,086<OS $16.117.00 $ 30 92
Municipal Court:
Regular salaries $ 6,612065 $ 6,600.00 $ 12065
Subaistence, c�re ead
support of persons 2,010.00 2,800.00 (790v00)
Coaunicatione 282080 180.00 102080
Other contractual services 529,28 850.00 (320.72)
Office suppli�s 419042 30v00 389042
Insurance and bonds 96.78 30.00 66.18
Capital outlay 336v00 100.00 236000
Other expenae 58.45 515.00 456 SS)
Totai $10,345.38 511,105.00 $ 739 b2
Election and Voter:
Regular salsriee $ 2,792v91 $ 2,620.00 $ 17Z.91
Printing and publiehing 436.50 100.00 336.50
Office supplies 711.86 1,310,00 (598.14)
General supplies 123004 123004
Capitsl outlay 25000 ( 25000)
Other expense _ 50.00 50,00)
Total $ 4,064.31 $ 4y^105,_00 $ 40.69)
11
CITY OF FRIDLEX, MINNESOTA
GENBRAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPABBD WITH BUDGET AFPRiOPAUTI0Ii8 (CONTINUED)
- _.._� ..._:
YSAR ENDBD DECEi�lBBfl 31, 1960
Ac tual
over
Budgst (und�r)
ACttlil Sj>PZODZ�it10Q8 �QDZOpr1�t�Ot1i
�Censral Gover�snC (continued) :-
City Clerk - Finance: •
Regular salaries $ 3,435018 $ 3,690.00 $( 254.82)
Com�unicationa 490.13 260.00 230013
Travel, conference and schools 107.12 107,12
Office supplies 405.78 650.00 ( 244022)
Capital outlay 110>93 350,00 ( 239007)
Other expense 185,38 510.00 ( 324.62)
Total $ 4.734,52 $ 5,460.00 $ 725.48)
Treasurer:
Regular salaries $ 7,984059 $10,000.00 $(2,015.41)
Co�unications 519.64 900,00 ( 380,36)
Printing and publishing 127.05 170.00 ( 42095)
Travel, conference and schools 191035 300.00 ( 108e6S)
Maintenance of equipment 545025 400.00 145.25
Office suppliea 1,530082 1,800.00 ( 269.18)
Iasuraace and bonda 206a43 100.00 106043
Capital outlay 432.20 818.00 ( 385.80)
Other expense S9.79 530,.00 470 21)
Total $11,597.12 $15.018.00 $ 3 420e88)
Aasesaor:
Regular salaries $12,982.29 $ 9,204000 $ 3�778.29
Co�unicationa 265.83 220.00 45.83
Travel, conference and schools 1,108.38 500.00 608.38
Iasurance and bonds 100.00 40,00 60000
Capital outlay 60.00 ( 60.00)
Other expense 136.45 535.00 398.55)
Total $14,L592.95 $10,559,00 $ 4,_033095
Independent auditing and accounting $ 3,200,00 $ 3,200.00
I.egal $ 4.131025 S S.D00.00 $ a6$ 75)
Charter Commission• Printiag and
publi8hiag $ 100.00 $(1�,00)
Civil Service - Miscellaaeoue $ 100,00 $ 100.00)
Board of Appeals - TYavel,
conference and schools $ 200a00 $ 200.00)
Planning and Zoniag - Miscellannou: S bo50 $ 200.00 $ 193 50)
12
CITY OF FRIDLEY, MINNESOTA
GENB&�L FUND
STATEMENT OF BRPENDITURES - ACZVAI. COMtPA�tED YITH BUDG�T APPROPftIA?IOI�$ (CONT�DNBD)
YEAR ENDED DEC1�kA 31, 1960
Actual
over
Bu dget (under)
t a acprocriatioaa aovroaria_tiona
Gleneral Govermnent .(continued) :-
Geaeral Govern�ent Buildings:
Salazies $ 158.49 $ 158,49
Profeasional coneultant aervicea 1,793.01 $ 1,232.00 561.01
Cammunications 159.72 159.72
Utilities 2,748089 4,000.00 (1,251.11)
Coatractual maiatenance and
repair 734,64 700.00 34.64
Contractual cleaaiag and waste
removal 905076 150v00 7SSa76
Cammodities maintenance and
repair 419,49 800.00 ( 380.51)
Co�oditias cleaning and wsste
removal 530.88 250000 28�,88
General supplies 1�158.30 1,568.00 ( 409.70)
Insurance and bonds 158.17 450000 ( 291083)
Capital outlay:
. Buildings aad structures 1,568000 300a00 1,268.00
Other improvements 1,000,00 (1,OOOo00)
Other expense �4a60 ,� __ 54.6Q
Total $10.389,95 $10,450,00_ $S 60.05)
Total General Government $85.366.72 $88,369.00 $ 3 002.28)
Public Safety:-
Police Protection:
Regular salaries $41,639.84 $40,421.00 $ 1,218.84
Cocanunications 427005 450.00 ( 22.95)
Travel, coaf erence, and
schools 783.51 250,00 533e51
Contractual mainteuance and
repair 1,650.23 600.OD 1,050.23
Contractual subaistence care
and support of persons 972089 1�000,00 ( 27a11)
Other contractual services 1,018000 1,000,00 18.00
Office supplie� 294.21 100,00 194.Z1
Uuiform allawance 661084 600,00 6I.84
Motor fuels and lubricants 2,211088 2,OOOo00 211.88
Ca�aaodities maintenanca and �
repair 637064 800.00 ( 162.36)
Caa�aodities subsietance, care
sad support of pereoas 269.97 200.00 69.97
Ganeral auppliea 462v98 500.00 ( 3J'o02)
Iasurance and bonda 996.25 1�OOOo00 ( 3.75)
Capital outlsy:
Office furoitura 222.50 80.00 142050
Machiaerq aad automotiva
equipment 2,540062 4,500.00 (1,959.38)
� Other egp�ase � 43�44 1�,625.00 1 581 o6t1)
Total $54�,832._81 $�.126.00 $( 293 Q 9)
�
13
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET APPROPRIATIapS (CONIZNUB�D)
YEAR ENDED DECEl�ER 31. 1960
Aatual
ov�r
Budgst (uader)
Actual avaroariations aporovriatioa� �
Fublic Safety (continued) :-
Fire Protection:
Regular salaries $ 2,170.60 $ 2,100,00 $ 70.60
Temporary salaries 6,877,50 6,500.00 377.50
Comaunications 522.44 500.00 22.44
Travel, conference and
schools 794003 900v00 ( 105.97)
Contractual maintenancs and
repair of equipm�nt 1,611,90 1,000.00 611.90
Office supplies 277.53 100.00 177.53
Motor fuels and lubricants 160.55 300,00 ( 139.45)
General supplies 962.Ob 810.00 1S2a06
Insurance and bonds 714.74 750.00 ( 35.26)
Subscriptione and memberahips 189.00 200,00 ( 11.00)
Capital outlay-
Office furniture aad equipment 3,52So73 100,00 3,425.J3
Hachinery and autamotive
equipment 1,055.00 5,290.Q0 ( 4�235000)
Other expense 268.30 630000 ( 3i1.70)
Total $ 19.129.38 $ 19,180000 $( 50,62)
Protective Inapaction: �
Regular salaries $ 16,822v84 $ 19,900.00 $( 3.077.16)
Communications 735,72 540000 195.72
Travel, conference aad
schools 1,725056 1,300000 425.56
Other coatractual aervices 4,813.89 2.000,00 2,813089
Office suppliee 644.55 600.00 44.55
Geueral aupplies 141095 180.00 ( 38.05)
Insurance aad bonds 162.50 150.00 12.50
Capital outlay- Office furniture
and equipmant 623025 435000 188025 '
Other expenae 131a60 270.00 ( 138.40)
Total $ 25,801086 $ 25,375.00 $ 426.86
Civil Defense:
Communicationa $ 178.56 $ 5,00 $ 173.56
Capital outlay - Pfachiaery and
automotive equipment 8,932,65 8,713000 Z19.65
Other exp�nse 123.07 1,_, 015000 ( 891093)
Total $ 9,234.28 $ 9,733.�0 $C 496,T2)
14
CITY OF FRIDLEY. MINNESOTA
GENERAL FUNA
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET APPROPbtIATI0N8 (CONTINU�)
YEAx ENDED DECE1�iBER 31. 1960
A�ctual
over
Budgat (uader)
A�ctual approariationa avpro�l�ttioas
Public Safety (continued) :-
Animal Control:
Other coatractual aervice� $ 1,643050 $ 1,300.00 $ 343050
Other expense 20.00 ( 20.00)
Total $ 1,643050 $_ 1,320.00 $ 3$3.54
Total Public Safety $110.641.83 $110,134,00 $( 92,17)
Highways:-
Engiaeering:
Regular salaries $ 13,560.64 $ 14�33b.00 $( 775036)
Profeasional aad consultant
services 924.00 • 924.00
CommunicAtions 477.36 400.00 77.36
Travel, coaference and schoole 683.48 600.00 83048
Contractusl maiatenance and
repair of equipment 146.45 200.00 ( 53o5S)
Other contractual aervices 3,702oi3 2,075.00 1,627.13
Office aupplies 507.02 500,00 7.02
General supplies 219,23 600000 ( 380,77)
Insuraace and bonds 171,55 150.00 21055
Capital outlay- Office furniture
and equipment 691.50 1,504000 ( $12050)
Other expense 33.79 �15a00 ( 381,21)
Total $ 21,111.15 $ 20,780,00 $ 337.15
Street and Alley:
Regular salaries $ 18,515013 $ 25,700.00 $( 7,184e87)
Professional and consultant
services 450,00 450000
Coum�unications 218079 300,00 ( 81021)
Contractual mainteaaace and
repair of equipment 1,SOOo40 1,Z00.00 300,40
Other coatractual servicee 852045 1,000.00 ( 147.SS)
Office supplies 102.98 100.00 2098
Motor fuel$ and lubricants 1,426,70 2,000,00 ( 573e30)
Cammodities maiatenance and
repair of equipment 1,232.76 1�500,00 ( 267.24)
Cauanodities maintaaoace aad
repair of other improvementa 8,927051 3.500.00 5.42�.51
Geaeral euppliss 4,683,34 300,00 4�383.34
Rents 2,525a12 500.00 2,025.12
Insuranca and bonds 1,949.53 1,500.00 449,53
Capital outlay - Machinery and
suta�otive equipment 2,449.50 4.000,00 ( 1,S5t).50)
Other expenee 269.68 9,065000 8 795o33j
Total $ 45,103089 $ 50,b6S.00 $( . ,
15
CITY OF FRIDLEY. I�iINPIESOTA
GENEbtAL FUND
STATEM$NT OF EYPENDITURES - ACT[JAL COMPARBD WITEI BUDG$T APPR,OPRIATIONS (COl1TZNiJBD)
Y$AR ENDBD DSCEI�Ex 31, 1960
Ac Cual
avar
Budget (nader)
ACtual IIADZOpY�AC�O1lD aD�ODX�.�� iC�.Opi
Highways (continued) :-
Snow and Ice Rentoval :
Regular salarieg $ 1,016.14 $ 1,016.14
Contractual maintenaace and
repair of equipment 172083 172083
Other contractual servicea 307000 307.00
Gennral supplies 818.29 $ 200.00 618.29
Other expense 141035 1,400.00 1 TS8 6S)
Total $ 2,455061 $ 1,600,00 $ 8S5 61
1Yaffic 3igna, Signals and Markere:
Regular satlaries $ 220.96 $ 220.96
Utilities 152063 $ L0.00 142.63
Small tools 130,73 130.73
General supplies 464.87 464.87
Capital outlay-
Buildings aad atructures 600000 ( 600.00)
Machinery and equipment 1,398000 1,398.00
Other improvements 10.00 ( 10000)
Other expenae 57.04 110.00 52 96)
Total $ 2,424,23 $ 730.00 $ 1.g94.23
Equipment Maiatenance:
Regular salaries $ 3,018039 $ 3,018.39
M�otor fuels 489084 489.84
Maintenance and repair of �
equipment 108022 108.22
Capital outlay-
Buildings snd structures $ 1,700.00 (1,700.00)
Machine and autavotive
squipmeat 325.00 ( 325,00)
Other expenae 113096 860.00 7 6 04)
Total $ 3,730.41 $ Z,_885,QQ $ S 41
Streat Lighting - Electricity $ 1.216043 $ 2.050,00 $ 833 57)
Total Highways $76.047012 $ 8 77 . 10000 $ 2 662 a)
Sanitation and Waete Removal:- -
Storm Sewers:
Regular salaries $ 682.50 $ 682.50
General supplies 267.52 $ 150.00 117052
Other expenee 123.b3 300,00 176.37)
Total $ 1.073065 $ 450000 $ 6_,23_65
16
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WI1'H BUDGET APPROPxIATIONS �,CONTINUBD)
YEAR ENDED DECF,lf$ER 31, 1960
Actual
over
Budget (under)
Actu avaroariations aonropri tioas
Sanitation and Waste R�emoval
(continued):-
Weed Eradication:
Other contractual aervices $ 390.41 $ 500.00 $( 109.59)
Other expenae 9,04 9.04
Tot�tl. $ 399.45 $ 500.00 $S 100.�5)
Pest Control - Coatractual $ 138.90 $,200.00 $,� 61,10)
Total Sanitiation and
�iaste Removal $ 1.612.00 $ 1,150,00 $_, 4�62_00
Conservation of Health -
Professional services $ 200.00 $ 200a00
Parks and Recraation:-
Board and Co�issions:
Permaneat transfer $ 4,OOOo00 $ 4,000.00
Capital outlay - Machinery and
automotive equipment 159,00 159,00
Total $ 4,159.00 $ 4,159.00 -
Municipal Parks:
Temporary salaries $ 6,504020 $ 5,800.00 $ 704.20
Msintenance and repair of
other improvements 1�351059 1,000.00 351059
Gen�ral suppliea 624.70 556000 68070
Rents 222.40 222040
Capital outlay-
Land 2,903oZ7 2,604000 299027
Building and structurea 450.00 ( 450.00)
Machinery and automocive
equipment 1,25ko00 500.00 754000
Other improvemeats 600,00 ( 600.00)
Other expense 249.57 1.325000 ( 1,075L43)
Total S 13,109.73 $ 12,835.00 $ ___„274„73
Total Parks a�nd Recreation $ 17i268,73 $ 16,994000 $ 214073_
Tranefer to R�creation I�nd $606.20 $ 606.20
Total Geaeral Fund $291,T43o20 $29b,7�63�2� $ O�Oo00)
17
CITY OF FRIDLEY, MINNESOTA
RECREATION FUNp
STATEMENT OF REVENUE, EXPENDITURES AND UNAPPROPRIATSD SURPLUS
YEAR ENDED DECEMDER 31, 1960
Revenue:
Transfera from General Fund $4,606020
Contribution by School Diatrict #14 1�700.00
F.nrollment fses 712.28
Miscellaneous 264002
Total revenue $� 28�Z.50
Expenditures:
Salaries and wag�s $4�020.22
Bus transportation 840.16
Equipment 1,249.00
Miscellaneous 450,58
Total Expenditurea $6,559,96
Excese of revenues over expenditures $ 722,54
Unappropriated aurplus January 1, 1960 893.80
Unappropriated surplus December 31, 1960 $1.6��
18
CITY OF FAIALEY, MINNES�TA
G&NERAL pE$T SERVICE F1JND
STATEMENT OF CASH �C$IPTS AND DISBURSE,_,_MENTS
YEA& ENDED DECEMBER 3114,,,1960
Treasurer cash balance January 1, 1960 $1,577033
Receipte- Property taxes:
Current $3,281.85
Delinquent 106.
Total receipts 3,388�71
Total begianing balanca and receipts $4,966.04
Disbursements to fiecal agent:
Bonds $3,000.00 "
Intertat on bonds 181000
Fiscal agent service charges 4.75
Total disbursements 3,185,75
Treasurer cash balaace December 31, 1960 $1,780.29
Cash with fiacal agent December 31, 1960 090 00
Total cash balance December 31, 1960 � $4,870.29
��
DEBT SERVICE REQUI�TTS
DECEMBER 31, 1960
Bond
Yesr Eriacival Inkerest Total
1961 $3,000.00 $ 135.00 $3,135.00
1962 3.000.00 45,00 3.045000
___._�
$6,0� $ ls 8�0.0�0 $6,1��
is
CITY OF FRIDLEY, MINNESOTA
SPBCIAL A3S8SSMENT FUNDS
COM$INED BALANC$ SHB81'S-DECEMS�x 31, 1960
Debt
Conatruction sas'�rJ.ce
Cambined (p��e 20) (P=�� 22a
��_
AS ETS
Cash (pa�e 6) $ 651049 $( 462,153.56) �4 462,805.OS
Iaveetments, at cost:
Uaited States Treasury bills 1,086,855.00 889,227.00 197,628.00
City of Fridley bonds 450,000.00 450,Q04.00
Account receivable-
City of Columbia Heights,
Minaesota 52,140.00 52,100.00
Special aseessments receivable:
Delinquent 132,448.14 132,448.14
Deferred 2,670,270.85 2,670,270.85
Amount to be provided by future
special assesements 1,656,778.97 1,656,778.97
Prepaid conaCruction coate 34,268.67 34�268.67
Bonds surhorized-unisaued 28,000.00 28,OOOa00
Improvements authorized . 1, 172,598,38 1,172,598.3$
Total aesets $7,283,971.50 $1,661,940.49 $5,622,Q31o01
LIABILITIES. RESERVES AND SURPLUS
Liabilities:
Accounta payable $ 164,954.97 $ 164,934.97
Bonda payable (page 38) 5,202,000.00 $5,202,OOOo00
Matured interest payable 35,856.50 3S�85b.50
Deposits payable 107,494.59 107,494.59
Reserves:
Encumbraaces 1,092,116.28 1,092,116.28
Account receivable-City of
Columbia Heighta, Minnesota 52,100.00 5Z,100.00
Payment of future interest on
bonds 316,153.54 316,153.54
Bonds authorized-uniasued 28,000.00 28,000.00
Unencumbered appropriation balance 392,698011 392,698.11
Una�ppropriated surplus ( 107,402049) 12�,171.13 ( 119,513.62)
Total liabilities, reserves ,
and surplus $7,283,971.50 $1,661,940049 $5,62Z,031o01
M �
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24 —
CITY OF FRIDLEY, MINNBSOTA �
SPECIAL ASSESSMENT FUNDS
,
DEBT SERVICE REQUIREMENTS <..
DECEMSER 31. 196Q
Bond
Ye�r princival ter at T,.ot�l
1961 S 356,000.00 $ 218',633050 $ 574,633050
1962 426,000.00 216,893.50 642,893.50 - - a
1963 284,000.00 - 179,927.50 463,927.50
1964 256,000.00 165,295.00 421,295.00 . ..
1965 276,000,00 154,792.50 " 430,7Q2o50
1966 • 269,000.00 ' �� 144,182.50 - � 413,182.50 �
1967 • 269,000.00 133,662.50 - 402,662050
1968 269,000.00 123,067.50 392,067.S0 -
1969 264,000.00 112,422.50 376,422050 , ,
1970 269,OOOo00 101,762.50 370,762a50
1971 284,000.00 90,582.50 374,582.50
1972 294,000.00 78,917.50 372,917.50
1973 304�000.00 66,892.50 370,892.50 "
1974 297,000.00 54,730.00 351,730,00 .�
1975 260,OOOo00 43,387050 303,387.50
1976 185,000.00 33,302.50 218,302.SO .;--�
1977 130,000.00 25�140.00 155,140.OQ �
1978 130,000.00 19,590.00 149,590000 -
1979 125,OOOo00 14,145000 139,145.00
1980 110,000.00 9,120.00 119,120.00 �
1981 70,000.00 4,620.00 74,620.00
1982 75,000.00 1,575.00 76,575.00
$5,202,000,00 $1,992,642.00 -$7,194,642000
zs
CITY OF FRIDLEY, MINNESOTA
MUNICIPAL LIQUOx OPBRATING FUND
BALANCE SHEET
DECEMBER 31. 1960
ASSETS
Current Assets
Cash $(24�809.38)
I�ventories, at cost 109,552081
Prepaid insuraace 3.947,03
Total current asseta ` $ 88�690.46
F�xed A�aets, at cost:
Land and improvemente $ 11,079.61
Buildiags 215,818.49 .
Signs 6,975.66
Furniture and fixtures 39.389.58 �
Total cost $273,263.34
Less - Allowance for depreciatioa 32.344.65
Total fixed asaets (aet) �40.918.69 �
Total asseta $329.�9�5
LIABILITIES. AND RETAINED EARNINGS
Current Liabilitv - Account payable to
Public 8nployees Retirement Aseociation $ 3,884.98
Retaiaed eaminsts 3„25.7^, 24_17
Total Liabilities, and retained earnfngs $329,609.15
26
CITY OF FRIDLEY. MINNESOTA
.. .
MUNICIPAL LIQUOA OPEltATING FUND
COMPARATIVE STATEMENTS OF INCOME AND RbTAINED $ARNINCS
YEAB$ SNDED DECEMBSR 31, 1960 AND 1959
1960 1�
Salea:
On sale $136,952.09 3118,503.08
Off sale 462,752_OS �1Z,2_63.45
Total sales � $599,704.17 $530,766.53 ,
Cost of aales 409.556.99 364;Z3$115
Grosa profit $190,147.18 $166.528�38
Percent of gross profit
to sales 31.71X 31038�
Operating expeases:
Snlling $ T0,872.42 $ 59,943.11
Overhead 32,441081 28,059.71
Admiaistrative and general 8,534030 8i272�36
Total operating expenses $111.848.53 $ 96,�7So18
Operatfng incame $ 78,298,65 $ 70,253.20
Other income and (expen8e):
Machiaes and miscellaneous $ 1,689,03 $ 1,041s00
Loas on sale of property ( 192050) ( 3.311.53)
Total other inc�e or (expense) $ 1.496.53 $t,2,270.s3)
Net income $ 79,795.18 $ 67.982.67 *
Retained earninge, beginning of year 296,916.86 290,k79.82
Appropriation transfers to other funds
Muaicipal Liquor Debt Service FLnd
(Principal and Interest) (25�464v00) (25,464000)
General �nd (20,000.00) (40,OOOo00)
Increase in chaage fund ( 500.00)
Elimination of reserve for change fund 3,200,00
Reduction of inventory,valuatioae at
December 31, 1958 and 1959 by amount
of purchase diacounts included
(see footnote) ( 6,171076) 2,439.30
Ad,justment for unrecorded liability for
employees retirement contributione at
December 31, 1958 and 1959 (aee footnote) ( 2,552,11) 1.979.Q1
Retained earninga, end of year $325,724,17 $296,916.86
...�..—
*The net income for 1959 was restated to includa adjustments for
purchase diacounts included in inventories at Decea�ber 31, 1958 and
1959 and liability for employees retirement contributiona not recorded
at December 31, 1958 and 19590
a�
CITY OF FRIpLEY, MINNESOTA
MtJNICIPAL LIQUOx OPERATING FOND
COMPARATIVE STATEMENTS OF OPE$ATING E�PENSES
YBARS ENDSD DECEI�Bx 31. 1960 AND 1959
��
1960 }�.9
Selling:
Salaries $ 65,962.60 $55,804a28
Bar supplies 3,081059 2,SOSo23
Licenae Z51o38 187vS0
Ice and baga 1,410.35 1,040.09
Other expense 166.50 4__,_06_pl
Total $ 70.872.4Z $ 9 94 1
Overhead:
Utilities $ 6,529.09 $ 6,558.24
Insurance 6,655.63 4,512,80
Rent 1,375.40 1,200.�0
Laundry 1,350.54 1,278e13
Repairs and maintenance 4,241,58 3,357.30
Telephone 762091 702.60
A1arm service 2,408a15 1,604.22
Cleaning and waste removal 1,100.84 935.65
Depreciation 8.018.07 7,910.77
Total $ 32.441081 $2 059 71
A�hainistrative and general:
Office salaries $ 3,463.00 $ 2,442.50
Office supplies 95070 736009
Profeasional services 400.00 524.00
Public employees retiremeat contribution 3,884098 4,005.67
Miscellaneous 690.62 564.10
�
Total $ 8,534,30 $ 8�272,36
Total operating expenses $111,848,53 $96,2� 7��
2s
CITY OF FRIDLEY`MINNESOTA
MUNICIPAL LItjIJOR DEBT SERVIC� FUNDS
COMBINED BALANCE SHE$TS
DECEMBBR 31, 1960
Principal
Com ined and intsseat erv
nss�Ts
Cash (page 6) $ 22,375.92 $ Z0,289026 $ 2,OSb.66
Investmeat-United Statea Treasury
certificatea 22,000.00 22,000.00
Amount to be provided for debt retire-
ment 194,555.58 194.55505$
__.___.�
Total assets $238,931050 $214,844084 $24 0�.�
LIABILITIES
Bonds payable (page 38) $18$,OOOo00 $188,000.00
Matured interest payable 1�060000 1,060.00
Interest payable in future years 49,871.50 25,784.84 24.0___ $6,'b6
Total liabilitiea $238,931.50 $214,$44.84 $24,Q86.66
��.
COMBINED STATEMENTS OF CASH RECEIPTS AND DISaURSEMENTS
YBAR ENDED DECF.AiBER 31. 1960
Cash balance, January 1, 1960 $ 17,797.99 $ 16,950.66 $ 847.33
Receipts: �
1Yanafers fram Muaicipal Liquor
Operating Fund 25,464.00 25,464000
Interest incane 1.239.33 1 9.3,�
Total begianing cash and
receipts $ 44.501.32 $ 42.414066 $ 0 66
Disbursementa:
Bond principal $ 12,000.00 $ 12,080.t}0
Bond interest 9,471025 9,471.25
Fiscal agent chargea 41v65 41.65
Transfers:
Public Utilities Reserve Fund 227.50 227.50
i�unicipsl Liquor Reserve Ftis�d _385.00 _ 385.00
Cash balance, December 31, 1960 $ 22,375.92 $_ 20,289.26 $ 2,0$6.66
��
29
CITY OF FRIDLEY. MINNESOTA
MUNICIPAL LIQUOR FUND
DEBT SEItVICB REQUIR=ML►NTS
DECEI�ER 31, 1960
Bond
ear princiaal Intereat To al
1961 $ 12,000.00 $ 7,931.50 $ 19,931e50
1962 17,000.00 7,435050 24�435.50
1963 17,000,00 •6,739.50 23,739050
1964 17,OOOo00 6,043050 23,043.50
1965 17,OOOo00 5,347050 22,347.50
1966 I8,000.00 4,651.50 22,651.50
1967 18,000,00 3,907.50 21�907.50
1968 18,000.00 3,126.00 21,126.00
1969 18,000,00 2,344.50 20,344oS0
1970 18,000.00 1,563000 19,S63o00
1971 18,000,00 781.50 1$,781oS0
$188,000.00 $ 44,�871.�50 $237,871.50
30
C�TY OF �'xIALEY, MINNESOTA
PUBLYC UTILITIES OPSRATING FUND
SALANCB SHEET
._
DECEl��S 31, 1960
ASSETS
Currsat Assete
Cash (page 6) $ 69,955.78
Accounts receivable 48.�aa.23
Total current asseta $118,678.01
Fixed Asaets, at cost:
Laad $ 3,258037
Buildings 6,472.65
Reservoir 87,723.33
Well 27,471.Ofl
Machinery and equipment 109,254.00
Office equi�pment 4.31$.40
Total coet $238,497.75
Less- Allowance for depreciation 27.705.05
Total fixed assets (aet) 210,792.70
Total assets $329,470.11
LIABILITIES AND R�TAINED EARNINGS
Current Liability- Accounts payable $ 11,096o0a
Other Liabili�- Cuetomer depoeits 77�727010
R�tained Earniu�a Z40.647059
Total liabilitiea, and retained earnings $329,470.71
31
CITY OF FxIDLEY. MINNESOTA
`
PU$LIC UTILITIES OPBRATING FUND
COMPARATIVE STATEMENTS OF INCOMS AND RETAINED EAxNINGS
YEAR$ ENDED DBCEMBER 31 1960 AND 1959
1960 1959
Operating revenue:
Water sales $122,295.59 $ 88,716.60
Sew�er rental 65.901_66 SS.18S.11
Total operating revenue $188,197.25 $143.901.77
Operating expenses:
'Water purchased $ 62,955066 $ 34,410.$8
Power and pumping 3.590.19 4,766.89
Purificatioa aupplies 338069 606.38
Treasmission and distribution 46,754.69 37,477.21
Administrative and general 16,376.11 18,119.72
' Depreciation 8,397.31 7.842.61
Total operating expenses $138,412065 $103,_ ,223.69
Operating incame $ 49,784.60 $ 40,678.08
Interest income 444.00
Net income $ 50,228.60 $ 40�678.0$ t
Retained earnings, begins�ing of year 211,8k2.99 183.552.41
A.ppropriation transfers:
Public Utilities Debt Service F�iad
(Principal and Intereat) (14,575000) (13,012.50)
Sewer and Water No. 13 Special Asaessment
Debt 3ervice �'und ( 5,700.00)
Elimination of reserve for change fund 75.00
Adju�tment for unrecorded liability for
employees retirement contributions at
December 31, 1958 and 1959 (see footnote) ( 1,224.00) 625000
Retained earnings, ead of year $240,� Ss $2�.1,842.99
*Net income for 1959 was restated to include sdjustment for liability
for employeea retirement contributions not recorded at December 31,
1958 and 1959.
32
CITY OF FRIDLEY. MINNESOTI�
PU$LIC UTILITIES OPtItATING FUND
COMPARATIVE STATEPIENTS OF OPBxATING SXPENSBS
Y�ARS ENDED DBC@�ER 31, 1960 AND 1959
1960 1�
�later purchased $ 62,955,66 $ 34,410088
Power aad pumping:
Fuel $ 3,407.61 $ 4,494v83
Repaira and maiatenance 82.56 23T.45
MiBCellaneous 100.OZ 34.61
Total $ 3.59p.19 $ , 4,766.89
Purification eupplies S 338.69 $ 606,3,38
Transmiseion aad dietribution:
Supervision $ 1,929a48 $ 753v02
Labor 11,671.80 9,970,45
Sewer rental and electricity 27,113.09 18,243065
Repairs and maintenance 4,735089 5,488.95
Vehicle expense 862.19 2.246.76
Miscellaaeous 442,24 774038
Total $ 46,754.69 S 37 477.21
Administrativ� and general :
Management and supervision expense $ 7,479.14 $ 10�182.13
Office salaries 3,718.31 3,091.67
Office supplies 2,687r50 1,925059
Profeasional services . 400.00 777.07
Insurance 944.41 1�040,66
Public employees retirement contribution 696.00 816.00
Miscellaneous 450.75 28b.60
Total S 16,376.11 $ 18.119.72
Depreciation $ 8.397.31 $ 7,$42061
Total operating expm ses $138,412.65 $103,223069
33
CITY OF FRIDLEY, MINNESOTA
PUBLIC UTILITIES DEBT SERVICE FUNDS
COMBINED H�ALANCE SHBETS
DECBt�4ER 31. 19d0
Principal
Cambined and Intere�t Re,�erve
ASSETS
�_
Cash (page 6) $ 7,942.09 $ 6,298038 $ 1,643071
Investmeata 13,000.00 13,000.00
Amount to be provided for debt retire-
ment 211.957.91 211.957.91 �
Total assets $232,900.00 5218,256.29 $14,643a71
�v_� v�� ��
LIABILITIES
Bonds payable (page 38) $160,000.00 $160,004.00
Interest payable in future years 72,900.00 58.2_, 56a29 $14,6�43.71
Total liabilitiea $232,900.00 $218.256.29 $14,��
COMBINED STATEMENTS OF CASH RECEIPTS AND DISBURSLMENTS
YEAR ENDED DECEM88R 31i, 1960
Cssh balance Jaauary 1, 1960 $ 4,884.07 $ 3,972a69 $ 911.38
Receipts:
Transfers fram Public Utilities
Operating �nd 14,575.00 14,S15o00
Interest income 732.33 ,____„_,_ 732.33
Total beginning cash aad
receipts $ 20,I91.40 $ 18,547.69 $ 1,643.71
DisbursemenC a:
Bond principal $ 5,000.00 $ 5,000.00
Bond interest 7,225.00 7,225.00
Fiscal agent chargea 24.31 24.31
Total disbursemeat� $ 1�249.31 $ 12,249,31
Cash balance December 31, 1960 $ 7,942009 $ 6 298. $ 1,6�1
34
CITY OF FRIDLEY, MINNESOTA
PUBLIC UTILITIES FUND
DEBT SBxVICE REQUIRBMENTS
DEC�iEBR 31, 196�
Bond
Year principal Interest Total
1961 $ S,OOOo00 $ 7,025000 $ 12,025.00
1962 5,000.00 6,825000 11,825.00
1963 S,OOOv00 6,625.00 11,625.00
1964 5,000.00 6,425000 11,425000
1965 5,000.00 6,225000 11,225.00
1966 10,000.00 6,025000 16,025.00
1967 10,000000 5,625000 15,625.00
1968 LO,OOOv00 5,175000 15�175.00
1969 10,000.00 4,725.00 1k,7Z5.00
1970 10,000.00 4�275,00 14,275000
1971 10,000.00 3,825.00 13�825.00
1972 15,000.00 3,375.00 18,375.00
1973 15,000.00 2,700000 17,700.00
1974 15,000,00 2,025.00 17,025.00
1975 15,000.00 1,350.00 1b,350.00
1976 15,000,00 675.00 15.675000
$160,000�00 $ 72,900.00 $232,900,00
t
35
CITY OF FRIDLEY. MINNE$OTA
TxiJST AND AGF�NCY FUNDB
COMBINED BALANC$ SHBETS
DECEI�E� 31, 1964
Public
Firamen'.a' Hmploy�ss
Relief I�tsetireaant
Associatioa Asaociation
C iued �ad �ad
ASSETS
_____.
Cash (page 6) $ 257.12 S 257.12
Deliuquent taxes receivable 396.07 219098 1_ 7_r p9
Total assets $ 6�53�.1�9 $ z�� $ 4� 3�s ,
LIABILITY, AND SURPLUS
Payable to Firemen's Relief Association $ 219.98 $ 219.98
Unappropriated surplue 433.21 _______ $ 4_1
Total liability and surplus $�9 $ 2_ 1�9� $ 4�g1
COMSINED STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAH ENDED DECEMBEx 31. 1960
Cash balance .Tanuary 1, 1960 $ 23028 $ 23. 8
Raceipts:
(�rrent texes $12,194.03 $ 5,770,43 $6,423.60
Delinquent taxes 114051 100a06 14.45
Insurance refund 2.585.50 2,585050
Total receipts $14.894.04 $ 8,4,_, 5�5.99 $6 38.05
Total beginning cash and
• receipts $14,917.32 $ 8,455099 $6 033
Disburaements:
Firemen's Relief Asaociation $ 8�455.99 $ 8,455.99
Public r7mployeea Retirement
Association 6,204.21 $6 204. 1
$14.660.20 $ 8. $ 2040 1
Cash balance December 31, 1960 gm 2� 57s $�� $ Z�s
36
CITY OF FRIDLEY. MINNESOTA
STATEMENT OF UNITED STATES GOVERNMENT SECU�ITIES
PLACED IN ESCROW BY DEPOSITORY BANKS FOR
THE SAFEGUARDING OF CITY FUNDS
DECEMBER 31, 1960
Faca
asount of
Deaository bank Escrow bank gecuritiea
Camden Northwestern State Bank, Northwestern National Baak,
Minneapolis, Mianesota Minneapol.is, Minnesota $200,000.00
Fidelity Bank and Truat Company, Federal Reaerve Bank,
Minneapolis, Minnesota Minneapolis, Minnesota T0,000.00
Colwnbia Heights State Bank, Marquette Natioaal Bank�
Minneapolis, Minnesota Minaeapolis, Minneaota 319,OOOo00
37
CITY OF FRIDLEY. MINNESOTA ,
..._.
STATEMENT OF GEN$xAI, FIXED AS5ETS
DECBFIBER 31, 196Q
Land $ 29,68Z.70
Buildings 92,969.20
Improvements other than buildings 4,808,967.90
�rniture and fixtures 20,715.57
Machinery and equipment 96,174.06
Conatruction work in progresa �,i509,142070
Total general fixed assets $6,557,652013
Ganeral fixed ssssta were carrisd at cost sucept that fixed asseta
for which coat iaformation waa not availabla were pricad •t appraiaal
values.
38
CI3'Y OF FRIDLBY, MINNESOTA
�ONT� PAYABLE-ALL FUND$
1�ECBMSEB 3L 1960
Date Maturity Interest Principal
o is e te rAte �
Geuesal D�b[ Service Fund
Muaicipal Duilding Bonds of 1951 ,
maturing $3,000.00 per year 1/ 1/51 1/ 1/61•62 3o00X $ _ 6.000.00
Sveciel Aaseasment Debt 3ervice F�ads
Regulaz:-
Sewer Improvement Bonds
maturing:
$4,000.00 per year S/ 1/54 5/ 1/61-64 2.75 $ 16,000.00
$4,000,00 per year 5/ 1/54 5/ 1/65-73 3.00 36,OOOo00 •
May 1, 1974 5/ 1/54 5/ 1/74 3.00 2,OOOo00
Water and Sewer Improveaaent
Bonds of 1954 maturing:
$10,000.00 per year 8/ 1/54 2/ 1/61-63 3050 30,OOOo00
$10,000.00 per year 8/ 1/54 8/ 1/61-63 4000 30,OOQ.00
$15,000.00 per year 8/ 1/54 8/ 1/64-70 3050 105,OOOv00
$15,000.00 per year 8/ 1/54 8/ 1/64-70 4.00 105,000.00
$20,000.00 per y�ar 8/ 1/54 8/ 1/71-74 3.50 80,000.00
$20,000,00 per year 8/ 1/54 8/ 1/71-14 4.00 80,000.00
Storm Sewer Lnprovement Bonds
maturing $22,000.00 per year 11/ 1/54 11/ 1/61-65 3050 110,000,00
Water and Sewer Improvement Boads
maturing:
$10,000.00 per year 11/ 1/54 11/ 1/61-63 3050 30,000.00
$15,000.00 per year 11/ 1/54 11/ 1/64-67 3050 60,OOOo00
$15,000.00 per year 11/ 1/54 11/ 1/68-70 4.00 45,000.00
$20,000.00 per year 11/ 1/54 11/ 1/71-74 4000 60,OOOo00
Water and Sewer Improvement Bonde
maturing:
$10,000.00 per year 5/ 1/55 2/ 1/61-64 3060 40,000.00
$10,000.00 per year 5/ 1/55 8/ 1/61-64 3.60 40,000.00
$15,000.00 per year 5/ 1/55 2/ 1/65-71 3060 lO5,A00.00
$15,000.00 per year 5/ 1/55 8/ 1/65-71 3.b0 105,000e00
$20,OOOo00 per yeaz 5/ 1/55 2/ 1/72-75 3060 8�,000.00
$20,000.00 per year 5/ 1/SS 2/ 1/72-75 3.60 80�OOOo00
General Obligation Improvement
Bonds aaturing:
$10,000000 per year 10/ 1/55 2/ 1/61-65 3.60 50,OOOo00
$10,000,00 per ysar 10/ 1/55 8/ 1/61-65 3060 50,000.00
$15,000,00 per year LO/ 1/55 2/ 1/6b-72 3.60 105�000.0�
$15,000.00 per ysar 10/ 1/55 8/ 1/66-72 3.60 105,000.00
$20,000,00 per year 10/ 1/SS 2/ 1/73-75 3.60 60,p00.00
$20,000.00 per year 10/ 1/55 8/ 1/73-75 3.60 60,000.00
39
CITY OF FRIDLEY. MINNESOTA
BONDS PAYADLE-Ai,L FUNDS SCONTINU$D)
DECEI�BB& 31. 1960
Date Maturity Interest Principtl
of lgsue date rsta _ ,aa�,�tr
Sp�cial Asaes�ent De�it Service I�nds
contiaued) �
Regular (coatinued):-
Improvemeat Bonds naturing:
$40,000.00 per year 8/ 1/56 S/ 1/61-63 4o00x $ 120,OOOo00
$30,000.00 per year 8/ 1/56 S/ 1/64-65 4v50 60,OOOo00
$35,000.00 psr year 8/ 1/56 8/ 1/66-70 4.50 175,000.00
$30,000.00 per year 8/ 1/56 8/ 1/71-74 4.75 120,000.00
August 1, 1975 8/ 1/56 8/ 1/75 4.75 50�000.00
August 1, 1976 8I 1/56 8/ 1/76 4.75 5„�3.000 00
Total Regular Special Asseasment Debt Service F�ad 9�269.000.00
Sewer and Water Project No. 13:-
Improvement Bonds maturiag:
$15,000.00 per year 1/ 1/59 1/ 1/61-69 4.00 $ 135,OOO.QO
January 1, 1970 1/ 1/59 1/ 1/70 4.20 15,000,00
$20,000.00 per year 1/ 1/S9 1/ 1/71-79 4020 � 180,000.00
Total Sewer aad Water Project No. 13 Special Asaessment
Debt Service Fund $ 33Q,OOOo00
Improvement Bonds maturing:
$15,000.00 per year 12/15/59 12/15/61-63 4.30 $ 45,000.00
Decembar 15, 1964 12/15/59 12/15/64 4.30 25,000.00
$30,OOOo00 per yesr 12/15/59 12/15/65-69 4v30 150,0OO.OD
$30,000.00 per year 12/15/59 12/15/70-80 4.50 330,000.00
Temporary Bonda 9/30/50 9/30/61 So00 SS,OOQD00
12/30/59 12/30/61 5000 75,000.00
9/30/60 9/30/62 5.00 60,000.00
Total Sewer and Water Projects Noso 21 and 22 Specisl
Assessment Debt Service FLnds $ 740,OOOo00
19S9 Street Improvemsnt -
Temporary Boade 12/30/50 12/30/61 5000 $ 60.000,00
Sewer and Water Px�ojecC No. 23 -
Temporary Bonda 3/15l60 3/15/62 5.00 $ 10,040.00
Sewer and Water Project No, 29 -
Temporary Bonds 9/30/60 9/30/62 5000 $ 90.00O.QO
Sewer and Water Project No. 36 -
Temporary Bonda 9/30/60 9/30/62 5.00 $ `100.,OQ4o00
40
- CITX OF FRIDLEY, 1�iINNESOTA
SONDS PAYA8L8-ALL FUNDS (CONTINUBD)
DECE'MBEx 31, 1960
D�ate Maturity Inter�at Frincipal
of i,ssue date rata a�aount
$t�ecial Asaeasment Debt Service Fuads
,�continued)
I�provement Honds of 1960:
Improvement Bonds of 1960
maturing:
January 1, 1963 10/ 1/60 1/ 1/63 4.5� $ 11$,000.00
January 1, 1964 10/ 1/60 1/ 1/64 4.5 75,000.00
January 1, 1965 10/ 1/60 1/ 1/65 4.5 80,000.00
$80,000.00 per year 10/ 1/60 1/ 1/66-68 4.0 240,OOOoQO
January 1, 1969 10/ 1/60 1/ 1/69 4.0 7S,�OOoQO
January 1, 197� 10/ 1/60 1/ 1/70 400 80,000.00
$80,OOOo00 per ynar 10/ 1/60 1/ 1/71-73 4.1 240,004000
January 1, 1974 10/ 1/60 1/ 1/74 4.1 75,OOOo00
$80,OOOo00 per year 10/ 1/b0 1/ 1/75-78 4.1 320,OOOa00
January 1, 1979 10/ 1/60 1/ 1/79 4.1 75,000.00
January 1, 1980 10/ 1/60 1/ 1/80 4.1 80,000.00
January 1, 1981 10/ 1/60 1/ 1/81 4.1 70,OOOo00
January 1, 1982 10/ 1/60 1/ 1/82 4.1 75.000.00
_..._....__.�_._...
Total Improvement Bonds of 1960 Special Assessmeat
Debt Service Fhnd $1.603.000.00
*Additional interest at the rate of 1.4 percent per annum is payable
on all Improveaeat Bonds of 1960 for the period Jsnuary 1, 1961 to
January 1, 1962. -
Total special assessment debt aervice funds $5.20�„2.000.00
Municiaal L�.auor Debt Service Fund
(Pri�cival and Intcrest)
Municipal &iilding Revenue Bonds '
maturing:
September 1, 1961 9/ 1/56 9/ 1/61 4v00 $ 10,000,00
$15,000.00 per year 9/ 1/56 9/ 1/62-66 4.00 75,0�0.00
$15,000.00 per year 9/ 1/56 9/ 1/67-71 4025 yS�000,00
$2,000.00 per year 12/ 1/57 9/ 1/61-65 4.80 10,0A0.�0
$3,000.00 per year 12/ 1/57 9/ 1/66-71 4.80 18,OOOa00
Total Municipal Liquor Debt Service P1ind $ 1$8i000.00
Public Utilities„Debt Service Fund
(Principal and Intar4st)
Water aad Sewer Revenue Boade
maturing: •
$5,000.00 per year 9/ 1/56 9/ 1/61-65 4,00 $ 25.Q04.00
September 1, 1966 9/ 1/56 9/ 1/66 4.00 10,000.04
$10,000.00 per year 9/ 1/56 9/ 1/67-71 4a50 50,000.00
$15,000,00 per year 9/ 1/56 9/ 1/72-16 4a50 75.OE)OoS�Q
Tbtal Public Iltilitisa Debt S�rvice Fund $ 16�.OGO.QG
Total bonde payable for all fund� $S,S56,OO�Q00
41
CITY OF FRIDLEY� MINNESOTA
ALL FUNDS
DEBT SERVICE REQUIREMSNTS
DBCEliHER 31, 1960
Boad
Year princiaal Int_erest Total.
1961 $ 376,000,00 $ 233,725.00 $ 609,T25.00
1962 451,000.00 231,199.00 682�199.00
1963 306,000.00 193,292000 499,29Z,00
1964 278,000.00 177�763050 455,763.50
1965 298,000,00 166,365000 464.365.00
1966 297,000.00 154,859.00 451,859.00
1967 297,000.00 143,195000 440,195000
1968 297,000.00 131,368.50 428,368.50
1969 292,000.00 119,492.00 411,492.00
1970 297,000.00 107,600.50 404,600.50
1971 312,000.00 95,189.00 407,189000
1972 309,000.00 82,292050 391,292a50
1973 319�OOOo00 69,592aS0 388,592.50
1974 312,000.00 56,755v00 368,755000
1975 275,000.00 44,737050 319,737050
• 1976 200,000,00 33,977050 233,977.50
1977 130,000,00 25,140>00 155,140.00
1978 130,OOOo00 19,590000 149,590000
1979 125,OOOo00 14,145.00 139�145000
1980 110,OOOo00 9�120.00 119,120.00
1981 70,000.00 4,620000 74,620000
1982 75,000.00 1,S75o00 76,575000
$51556,OOOv00 $2,115,593050 $7,671,593.50
42
CITY OF FRIDLEY, MINNESOTA
INSURAAiCE COVERAGB
DBCEMEER 31, 1960
Major insurance coverage at December 31, 1960 is
summarized below.
Fire and extended coverage:-
City Hall :
Building $ 76,OOO.QO
Contents 31,600.00
Pump H�ou s e:
Building 4,000.00
Contents 10,600.00
Equipment building 21,000.00
Water tank 50,000.00
Municipal Liquor Store #1:
Contents 2,000,00
Stock 20,000.00
Municipal Liquor Store �2:
Building 50,250.00
Contents 20,OOOo00
Stock 50,OOOo00
Municipal Liquor Store �3:
Building 157,000.00
Contents 30,000.00
3tock 50,000,00
Municipal Liquor Store �4:
Contents 10,000.00
Stock 10,000.00
Comprehensive liability:-
Bodily injury:
Autoanobilas 100/200,000.00 .
Except sutamobiles 100/200,OOOo00
Liquor liability 100/300,000.00
Property damage:
Autamobiles 25,000.00
Except automobiles 25/ 50,000.00
Liquor liability 25,000.00
Money and securiti�s, inside/outeide premiaes:-
City Hall 1,000.00
Municipal Liquor Store iPl 1,000.00
I�nicipal Liquor Store �2 6,Q00.00
Municipal Liquor Store #3 6,000.00
Muaicipal Liquor Stora �4 1,000.00 �
Burglary t-
l�nicipal Liquor Store #1 7�500.00
Municipal Liquor Store #2 20,000.00
Municipal Liquor Store #3 20,000,00
Municipil Liquor Store +4 3,000,00
43
CITY OF FRIDLEY�MINNBSOTA
INSUBANCE COV$RAGE (CONTINUBD)
DECEMBER 31, 1960
Business interruption:
I�nicipal Liquor Store #1 $ 8,800,00
I�nicipal Liquor Store #2 52,000.00
l�unicipal Liquor Store #3 60,500.00
Municipal Liquor Store �4 4,000.00
Depositora forgery bond - all locationa 10,000000
Plate glsss brealcage - t�lunicipal Liquor Store �3 rsplacement
Workmen's campensation statutory
Equipment floater 28,200000
Neon aign 2,OOOo00
Motor truck cergo SOOo00
44 �
CITY OF FxIDLEY, MINNESOTA
EMPLOYEES SURETY BONDS
DBCEMBER 31, 1960
Surety
Name Position boad
Marvin C. Brunsell Clerk $ 1,000,00
Marvin C, Brunsell Treasurer 20,OOOs00
Carl Chriatensen Assesaor 500.00
Virgil V. Wills Clerk of Municipal Court 1,OOOo00
All employeea of the City are covered by the following
blanket bonds:
Faithful performance Z5,000.00
Honesty 15,000.00
45
CITY OF FRIDLEY. MINNESOTA
ASSES3ED VALUATIONS, TAX LSVIES AND MILL RATES
- YEARS 1958, 1959. 1960. AND 1961
(ehown bv �►ear of tax collac[ibility)
1958 1959 1960 19 1
Asaeased valuations: �
Real estate $2,760,973000 $3,372,134v00 $4,607,350.00 $6,178,191edt1
Personal property 606.661000 794,681,00 1,750,623.00 2 113,605.00
Total $3,361,634.00 $4,166,815.00 $6,357,973000 $8,291,796,00
Tax levies:
General Fund $ 98,0$2000 $ 156,504.00 $ 189,892.00 $ 226,654000
Public F�ployees Retirement
Aasociation Fund 2,835.00 6,515,00 10,004000
Firemen's Relief Fund 3,368.00 4,167.00 5,858.00 10,366000
General Debt Service Fund 3.500.00 3,455.00 3,343,00 3.158000
Total: $ 104,950,00 $ 166,961000 $ 205,608.00 $ 250,182,00
Mill rates:
General Fund 29,13 37.57 32,42 27033
Public �nployees Retirement
Association �l.ind .68 loll 1,21
Firemen's Relief �nd 1000 1,00 1.00 1.25
General Debt Service Fund 1.03 .82 ,57 .�38
Total 3�16 40�,07= 3�ls 3��
�