1962 Financial Statements T
CITY OF FRIDLEY. MINNESOTA
1�
FINAHCIAL STATEMENTS
DECEMBER 31, 1962
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CITY OF FRIDLEY, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
DECEMBER 31, 1962 .
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�� �`� � Term of
office expires
January*
Elected:-
Mayor - T. E. Greig 1963 �
Councilmen:
Ray Sheridan 1965
Glen Johanson 1966
William J. Nee 1964
Bernard Wolke 1964
Effective January 2, 1963:
Mayor - William J. Nee 1966
Councilmen-
Ray Sheridan 1965
Glen Johanson 1966
Peter Brook 1964
Bernard Wolke 1964
Municipal Judge - Elmer Johnson 1964 .
Appointed:
CiCy Manager - Earl P. Wagner
Clerk-Treasurer - Marvin Brunsell
City Attorney - Andrew Kohlan
Assessor - Mervin Iierrmann
higineer - Calvin Brown
*First official business day,
CITY OF FRIDLEY, MINNESOTA
TABLE OF CONTENTS
Pa�e
Independent certified public accountant�s opinion 1
Comments 2
Balance sheets - all funds 7
General �nd:
Balance sheet 9
Analysis of changes in unappropriated surplus 10
Statement of revenue - actual compared with budget estimates 11
Statement of expenditures - actual canpared with budget estimates 13
Special revenue funds :
Balance sheets 19
Statements of revenue, expenditures and unappropriated surplus 20
� -�:,.,,
Park Bond Construction Flind- Statement of cash receipts and �
disbursements 21
Special asseesment funds:-
Balance aheets 22
Construction:
Balance sheets 23
Statements of cash receipts and disbursements 27
Debt service:
Balance sheets 31
Statements of cash receipts and disbursements 33
Debt service requirements 3b
General debt service funds :
Balance sheets 37
Statements of cash receipts and disbursements 31
Debt service requirements 3t�
Trust and agency funds :
Balance sheets 39
Statements of cash receipts and disbursements 39
Municipal liquor funds:-
Operating:
Balance sheet 40
Statement of income and retained earnings 41
Statement ot operating expenses 42
Statement of income for individual stores 43
S[atement of operating expenses for individual stores 44
Debt service:
Balance sheets 45
Sf�tements of cash receipts and disbursements 45
Debt service requirements 46
CITX OF FRIDLEY. MINNESOTA
TABLE OF CONTENTS (CONTINUED)
PaRe
Sewer and water utility funds:-
Operating:
Balance sheet 47
Statement of income and retained earnings 48
Statement of opera[ing expenses qg
Debt service:
Balance sheets 52
Statements of cash receipts and disbursements 51
Debt service requirements 52
Miscellaneous information:
Statement of cash 53
Summary of cash receipts, disbursements and balances 54
Statement of United States Government securi[ies placed in
escrow by depositary banks for the safe�uarding of City funds 55
Investment in bank savings certificates 56
Investment in City of Fridley temporary bonds 57
Statement of general fixed assets 5$
Bonds payable - all funds Sg
Debt service requirements - all funds 64
Assessed valuations, tax levies and mill rates 55
Insurance coverage 66
Anployees surety bonds 67
GEORGE M. HANSEN COMPANY
Cert'jiecl Pxblic dcrnxnta�rtt
sao� �xc�u�ow ■�vo.
MINN6APOLI6 16. MINN�80TA
WA�wUT 7-970�
March 22, 1963
To the City Council of
Fridley, Minnesota
We have examined the accompanying financial statements of •
the respective funds of the City of Fridley, Minnesota for
the year ended December 31, 1962. Our examination was made
in accordance with generally accepted suditing standards
and accordingly included such tests of the accounting records
and such other auditing procedures as we considered necessary
in the circumstances.
In our opinion, these statements present fairly the financial
position of the respective funds of the City of Fridley, Minne-
sota at December 31, i962 and the results of their ogerations
for the year then ended, in conformity with generally accepted
governmental accounting principles applied on a basis consis-
tent with that of the preceding year.
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2
CITY OF FRIDLEY, MINNESOTA
C4MMENTS
The Village of Fridley attained City status in accordance with a charter
approved by the electorate September 10, 1957. The Charter provides for a form
of government designated as the "Council-Manager Plan". tfi der this plan as set
forth in the Charter, "A11 discretionary powers of the city, both legislative
and executive, shall vest in and be exercised by the city council. It shall
have complete control over the city administration, but sha11 exercise this con-
trol exclusively through the city manager and shall not itself attempt to perfo nn
any ac�ninisCrative work." The council is elected by popular vote and conaists of
five members including [he mayor, who is chairman. The city manager is appointed
by the council.
The following conunents explain the purposes of respective City funds and give
pertinent information concerning operations, revenues, expenditures, budgetary
conCrols and other significant matters.
General �nd
The General Ftind is used to account for all revenues, and the activities financed
by them, which are not accounted for in some special fund, The principal sourcea
of revenue are (1) general property taxes, (2) licenses and permits, (3) fines
and forfeitures, (4) shared State taxes (mainly cigarette and liquor) and (S)
[ransfers from the Municipal Liquor Operating Fund. Expec}ditures are for (1)
general bovernment, (2) public safety, (3) highways, (4) sanitation and waste
remov8l, (5) parks and recreation and (b) other functions. A plan of financial
operation of the General tLnd is set forth in the annual budget adopted by the
, Council. 1he following sua�ary shows the major variances of actual revenue and
expenditures from budget estimates for Che year ended December 31, 1962.
Actusl
over
Budget (under)
Actual estimates estimates
Revenue ;
Municipal Court-fines and forfeitures$ 22,376.50 $ 9,510.00 $ 12�866.50
' Shared taxes - Liquor, cigarette,
mortgage registry end mobile
home registrations 59,420.14 45,000.00 14,420.14
Other 452,370.43 437,746.00 14,624.43 �
Total revenue $534, 1�67,07 $49 2,�256�,�0p� $ 41,9�11.07�
Expenditures:
General Government $118,49b.16 $120,797.00 $( 2,300.84)
Public Safety 174,504.30 176,225.40 ( 1,720.70)
Highways 133,893.07 14Z,094.00 ( 8,200.93)
Other 76,632.10 76,956.00 � 323.90)
Total expenditures $503, 525.63 $5�0�2�00 $ 12 546.37)
3
Actual revenue from Municipal CourC in excess of the estimated amount was
represented mainly by unanCicipated increases in court cases. ltie budget
was prepared before the per capita rate for diatribution of ahared State
taxes had been determined thus resulting in an inaccuraCe estimate of revenue
from this source.
The General �nd showed an unappropriated surplus of $159,334.56 at Decemher
31, 1962 as determined on the accrual basis whereby revenues are taken into
account as earned and expendiCures are considered as such as soon as liabil-
ities are incurred.
Special Revenue F1�nds
Special revenue funds are established to account for taxes and other revenues
set aside for a particular purpose. The City of Fridley has three funds of
this nature accounted for on [he accrual basis. Following is a brief descrip-
tion of each.
Recreation �nd - This fund accounts for the recreation program of the City
which is carried on in cooperation with School District No. 14 under the
direction of a seven member board composed of one representative each from
the City Council, School District No. 14 Board of Education and the City Park
Board and four additional members of which two each are appointed by the City
Council and School Mstrict No. 14.
Special Improvement Revolving �nd - The purpose of this fund is to provide
temporary financing for small fmprovemen[ prajects. It has been used also to
provide cash to special assessment debt service funds which have incurred
cash deficits due to bond and interesC maturities in advance of collection of
corresponding special assessments receivable.
Minicipal State Aid �nd - lhis fund was established in 1961 to account for
gasoline tax collections apportioned to the City from the State of MinnesoCa
for atreet construction and maintenance. �
Park Band Construction FLnd
Park Bonds in [he amount of $150,000.00 were issued in 1962 for the purposes
of acquiring land and developing park facflities in various areas of the City.
An additional bond issue of $150,000.00 was sold in December, 1962 and bonds
issued as of January 1, 1963.
Specietl Assessment �nds
Special assessment funds are established to account for special assessments
levied to finance improvements or services deemed to benefit the properCies
against which the assessments are levied. Primarily, the transactiona accounted ,
for in special assessment construction funds are receipt of bond proceeds and
disbursement of bond proceeds for construction work done. Special assessment
debt service funds account mainly for collection of assessments against benefited
property owners and disbursement of assessment coLlections for the payment of
bonds and interest.
4
Several special assessment funds showed cash deficits as of December 31, 1962e
These deficits mean, in effect that monies belonging to other City funds have
been used as a means of temporary financing until sufficient bonds are sold
and special assessments receivable collected to pay current expenditures and
eliminate the deficita.
The Regular Special assessment Debt Service Fund showed an account receivable
from the City of Columbia Heights, Minnesota in the amount of $52,100.00
representing storm sewer construction costs charged to the City of Columbia
l�eighte as its share of the costs. Since Columbia Heights disclaims liability
for the costs and there is a question of actual benefit to Columbia Heights,
a reserve for this receivable has been provided pending determination of
collectibility.
Sewer and Water Project No. 13 Debt Service F�nd incurred an unappropriated
surplus deficit becauae all construction coste incurred were not assessed.
This deficiency of assessments resulted from assignment of coets to certain
properties which were subsequently determined not to benefit from the improve-
ments. 1he deficit, which at December 31, 1962 amounted to $125,065.10, is
being eliminated by periodic transfera from the Water and Sewer Utflities
Operating Fund. �
The balance aheeta for the debt service funds show future interest on both
special assesaments receivable and related bonds payable. It ahould be noted
that prospective interest receivable or payable becomes an actual asset or
liability, respectively, strictly as a function of time> Prepayments of apecial
assessmenta have the effect of reducing the amount of interest collectible.
Conversely, redemption of bonds before maturity would reduce the amount of
interest to be paid.
The debt service fund for Improvement Honds of 1961 shows a deferred tax
levy of $1, 154,800.00 to pay coats of water and sewer system expansion not
assessed against benefited property. It is anticipated that all or a sub-
stantial por[ion of the unasaessed costs will be paid fram earnings of the
Water and Sewer Utilities Operating Fund and that annual collectible amounts
of the levy will be cancelled or reduced accordingly.
General Debt Service Funda �
General debC service funds are used to account for the accumulation of
resources for payment of general obligation bonds or other general indebted-
ness and interest thereon. Ttie two general debt service funds maintained
during the year were for Building Bonds of 1951 and Park Bonds of 1962. The
last of the Building Bonds of 1951 matured and were paid during the year 1962
leaving an unappropriated surplus of $2,078.81.
Trust and A�ency �nds
ZYust and agency funds are established to account for cash or other assete
held by the municipality as a trustee or agent. City funds of this nature
include (1) Firemen' s Relief Association Fund, (2) Public F�nployees' Retire-
ment Association FLnd and (3) Drivers Licenae �nd. Zt�e Firemen's Relief
' Association FLnd and the Public Flmployees� Retirement Association Fund account
for collection of general property taxes levied for the benefit of these associa-
tions and subsequent remittance of such collections to them. The Drivers
License Fund was used during the year to account for sales of drivera Licenses.
Proceeds from the sale of drivers licenses were remitted to Anoka County.
5
Municipal Liquor flinds
These funds were established to account for the operations and financing of
the City owned Liquor stores. Prior year amounts are shown on the Operating
Fl�nd balance sheet and atatement of income and retained earnings for purpoaes
� of comparison. Percentages and detailed statements by stores are included as
additional aids in reviewing the results of operations. Sales increased fra�
$762,145.77 in 1961 to $641,765.76 in 1962. A significant improvement of net
inc rnne in relation to sales was noted. Net income was $116,559.91 (13.84� of
sales) in 1962 as compared to $95,237.26 (12�507, of sales) in 1961. Debt
service funds are being maintained in accordance with bond salea agreements.
Of an original bond issue of $230,U00.00 sold in 195b and 1957 to be paid for
from revenues of liquor stores, $159,000.00 was payable efter December 3l, 1962.
These bonds were issued to pay for (1) a liquor store building, (2) an addition
to the City Hall building and (3) an equipment garage. A schedule of debt
service requirements by years ia included in this report.
Sewer and Water Utilities FLnds
These funds account for the operations and financing of the City owned sewer
and water systema. In 1956 revenue bonds in the amount of $170,000 were issued
to finance conatruction of a reservoir and a well. As of December 31, 1962
$150,000.00 of Cheae bonds were payable in future years. Debt service funds
for thfs bond issue are being maintained in accordance with the bond sales
agreement. Unassessable construction costs totaling approximately $1,200,000.00
as of December 31, 1962 had been tinanced fram proceeds of general obligation
and special assessment bonds. 1Yansfers are being made to the respec[ive debt
service funds to pay trie bonds and related interest. Cash transfera were made
during 1962 fr� the Sewer and Water Utilities Operating Fund to the following
debt service funds in the amounts shown:
Sewer and Water UCilities Debt Service �nd
(Principal and Interest Account) $14,681 .25
Special asseasmenC debt service funds :
Sewer and Water Project No. 13 y,500.00
Lnprovement Bonds of 1960 16,000.00
Improvement Bonds of 19b1 45,000.00
$85,1�81.25
Interest on bonds payable is charged to incomeo Portions of Cransfers applic-
able to bond principal reduce balances of corresponding (1) reserve for retire-
ment of revenue bonds and (2) City contribution in aid of construction.
After the above transfers bond principal in the following amounts related to
unassessable construction costa remained to be paid in future years fram the
Operating rLnd�
Sewer and water utilities debt service funds
(utility revenue bonds) $ 127,542.73
Special assessment debt service funds:
SeWer and Water Project No. 13 112,186,16
ImprovemenC Bonds of 1960 101,583.89
Improvement Bonds of 1961 923,031.$0
$1,264,944.58
6
The debt service fund for Improvement Bonds of 1961 showed a deferred tax
levy of $1,154,8U0.00 as of December 31, 1962 to pay costs of water and sewer
system expansion not assessed against benefited property. Hvwever, it ia
anticipated that all or a substantial portion of the unassessed costs will be
paid from earnings of the Water and Sewer Utilities OperaCing FLnd and that
annual collectible amounts of the levy will be cancelled or reduced accordingly.
General Fixed Asse[s
In the general fixed assets group of accounts were carried all fixed assets of
the City other than Choae shown in the M,nicipal Liquor Operating F�nd and the
Sewer and Water Utilities Operating �Lnd. General fixed assets were carried at
cost except that fixed assets for which cost infoYmation was not available were
priced at appraiaed values.
1he financial atatements which follow have been prepared to aet forth (1) indi-
vidual fund balance sheets, (2) analyses of ctianges in unappropriated surplus,
(3} revenue-actual canpared with budget eatimates� (4) expenditures-actual can-
pared with budget eatimatea and (5) other infottnation.
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CITY OF FRIDLEY, MINNESOTA
BALANCE SHEETS - ALL FUNDS
DECEMBER 31, 1962
General
Special Park Bond Special debt Trust -and Sewer and water
General revenue Construction assessment service agency Municipal liquor funds utilities funds General
Fund funds �nd funds funds funds Operating Debt service Operating Debt service Fixed
Combined (PaKe 9) (PaAe 19) (PaQe 21) (Page 22) (Pa�e 37) (PaKe 39) (Pat�e 40) (Pa�e 45) (Page 47) (i�a�e 51) Assets
� ASSETS
I Cash (Page 53) $ 628,312.69 $(19,830.21)$ 4,884.83 $ 20,343.68� 576, 726085 $ 2,053.07 $ 3,5�5a21 $ 17,445.21 $ 18,381 .25 $ ( 4,882.80)$ 9,615.60
Investments, at�cost:
, Bank savings certificates
' (Page 56) 1,275,000.00 150,000.00 15,000.00 125,00O.00t/ 82�,OOOo00 25,000.00 25,000.00 100,000.00 15,000.00
City of Fridley bonds (Page 57) 1,114,000.00 1,11�.,OOOo00
Accounts receivable:
Other City funds 47,830.57 1,839.44 35,7J0.41 8,667.16 623.50
State of Minnesota 151,428.61 23,821.61 127,601.00
City of Columbia t�eights,
Minnesota 52, 100.00 52, 100.00
North Suburban Sanitary
Sewer District 2,000.00 2,000,00
Other 62,793.05 5,528.86 ✓ 12,C0 57,252019
Accrued interest receivable 34,753.18 4,802.09 265.28 2,147.66� 2t>, 103.28 442.16 83.33 859.38 50.00
Taxes receivable:
Delinquent 18,742.00 17,521.29 119.07 1,101.64
Deferred 1,424,200.00 1,22�,1U0.00 196, 1U0.00
Special assessmenta receivable:
Delinquent 383,368.11 162.00 7,036.51 3�'t:, 16�.54
Deferred-
Principal 5,114,615.11 1,150.00 58,572.52 5,054,892.59
Iaterest 2,166, 529.74 2, 16b, �29,74
Inventories, at cost 113,950e41 809.93 113,140.48
Prepaid expenses and costs 38,684.33 2:�,462.t�4 9,287.41 3,934.08
Bonde authorized - unissued
(issued January 1, 1963 1,140,000.00 150,000.00 99 ,000.00
Amount to be provided by future
revenues 882,133.97 52��649.72 24,548.68 150,551.17 184,384.40
Fixed assets, at cost or
, appraisad values:
j General (Page 58) 8,256,010.85
Other (net) 1,693,716093 $8,256,010.85
261,609,10 1,432,107.83
Total assets $24,600,169.55 S185,� $213,366.20 $297,491.34 $12,98y,435.03 $198,272.14 $ 37,904.69 $427,547 .86 $194,0�15.75 $1,591,270.68 $209,� $8,25b,010.85
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CITY OF FRIDLEY, MINNESOTA
BALANCE SHEETS - ALL FUNDS (CONTINUED)
DECEMBER 31, 1962
General
Special Park Bond Special debt Trust and Sewer and water
General revenue Construction assessment service agency Municipal liquor funds utili:ties funds General
F�nd funde �nd funds funda funds Operating Debt service Operating Debt service Fixed
Combined (paQe 9) (Pa�e 19) (Page 21) (PaKe 22) (Page 37) (Fa�e 39) (PaQe 40) (PaAe, 45) (Pa�e 47) (Pat�e 51) AsseCs
LIABILITIES. RESERVES AND SURPLUS
Liabil ities :-
Accounts payable:
Other City funds $ 47,830.57 $ 36,866.11 $ 8,490.04
$ 2,474.42
Public Hnployees Retirement
Association 34,015098 $ 34,015.98
Other 38,205.14 $ 19,918.83 $ 250.00 + 2, 164.25 3,888.71 249.00 11,734095
Contracts payable 13,240.92 13,240.92
Retained percentage on contracts 75,380.56 75,38U.56
Accrued interest on bonds 2,610.00 2,670.00
Deposits payable 212,881.03 4,680.77 101,005022 107,195.04
Bonded indebtedness:
Matured bonds and interest 92,673.25 92, 162000 $ 511.25
Ftiture maturities-
Bonds (Pages 59-63) 8,888,000.00 8,42�,000.00 $150,000.00 159,000,00 $150,000.00
Interest 2,627,130.75 2,491,246.25 36,330.00 34,504.50 59,050.00
Reserves for:
A�ccount receivable-City of
Columbia Heights, Mianesota 52,100.00 52,100,00
Encumbrances 430,690.35 1,870.85 428,819.50
Debt retirement 14,814.51 1;,814.51
Unencumbered appropriation balance 790,636.12 297,241.34� 493,3y4.78
Reserve for retirement of revenue
bonds 225,962.65 98,419.92 127, 542.73
City contribution in aid of
construction 1,137,401.85 1,137,401.85
Retained earnings 522,640.59 320,388.90 202,251.69
Unappropriated surplus 1,263,827.67 159,334.56 $213,366020 87�,184.17 11,942.14
Deficit (construction costs not
finsnced) ( 125,943.84) (125, �43.84)
Investment in general fixed assets 8,256,010,85 $8,256,O10o85
Total liabilities,
reservea and surplus $24,600,169.55 $185,805.01 $213,3�66..20 $297,491.34 $12,989 435.03 $198,�2.14 $ 31,904.69 $427, 547.86 $194,�0�5� $1,591,270.68 $209,050.00 $8,256,010.85
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CITY OF FRIDLEY, MINNESOTA
'
GENERAL FUND
BALANCE SHEET - DECEMBER 3Z. 1962
ASSETS
Cash (Page 53) $(19,830.21) �
Bank savings certificates, at cost (Page 56) 150,000.00�/
Accounts receivable:- � �---a
Municipal Liquor Operating �nd 1,839.44�`,�,,�
State of Minnesota: W��
Cigarette and liquor taxes $ 23,821.61�
Mobile home registration fee 1,953.50�
Municipal Court 1,487.001/ 61 '�''^'""`" (J'���
Other 2,088.36� �`�7y'
29,350.47—
Accrued interest receivable 4,802.09 V
Delinquent taxes receivable 17,521.29X
Special assessments receivable: *
Delinquent $ 162.00� �
Deferred (principal only) 1,150.00�(,
Inventories, at cost 1,312.00'-
:� �2�t$�g�809.93 ✓
Total assets $185,805.01
LIABILITIES. RESERVE AND SURPLUS
Liabilities:
Accounts payable $ 19,918.83t�(�
Deposits payable:
Park deposits $ 4,195.77
Other 485.00
4,680.77+�
Reserve for encumbrances 1,810.85fk'�
Unappropriated surplus �,t_,p,,.��" ��-� ,� 159 334.56
3 K� .
Total Liabilities, reserve and surplus $185,805.01
� LO
CITY OF FRIDLEY, MI:INESOTA
GEPJERAL FUtv'D
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1962
Ac tual
Budge[ over (under)
Actual estimate estimate
Unappropriated surplus January 1, 1962
before adjustments $112,383.39 ,
Adjustments to account for revenues on
complete accrual basis :
(1) Miscellaneous accounts
receivable unrecorded at
December 31, 1961 3,714.05
(2) Elimination of reserve for
delinquent taxes receivable
as of December 31, 1961 12, 595.68
Unappropriated surplus January 1, 1962
after adjustments $128,693.12 $128,693.12
Add-Revenue (Pages 11 and 12) 534,167.07 492,256,00 $ 41,911.07
Total beginning balance
and revenue $662,860.19 $620,949.12 $ 41,911.07
Deduct-Expenditures (Pages 13-18) 503, 525.63 516,072.00 (12,546.37)
Unappropriated surplus December 31, 1962 $159,334,56 $104,8�.77 .12 $ 54,��
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CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31, 1962
, Ac tual
over
Budget (under)
Actual estimate estimate
General property taxes $334,095,.73 $328�121.00 $ 5,974.73
Licenses and permits:-
Business licenses:
General contrac[ors $ 2,865.00 $ 2,000.00 $ 865.00
Electrical contractors 840.00 500.00 340.00
Plumbers 330.00 200.40 130.00
Gas piping services and installations b89.50 500.00 189.50
Heating 885,00 600.00 285.00
Masonry, stucco, etc. 795.00 700.00 95.00
Other contractors licenses 1,239.50 850.00 389.50
Cigarettes 552.00 400.00 152.00
Gasoline pump 309.00 200.00 109.00
Beer 1,120.00 1,050.00 70.00
Retail business 1,131.00 500.00 631.00
Milk trucks 210.00 150.00 60.00
Garbage and rubbish hauling 145.00 150.00 ( 5.00)
Other 824.00 1,500.00 ( 676.00)
Nonbusiness:
Permits-
Building 14,125.00 17,000.00 ( 2,875.00)
Electrical 10,812.85 10,000.00 812.85
Plumbing 9,169.95 1,000.00 2,169.95
Heating 7,201.05 6,SOOo00 701.05
Multiple dwelling permits 1,065.00 1,065.00
Other 137.00 L00.00 37.00
Dog licenses 163.00 L00.00 63.00
Total licenses and permits $ 54,608.85 $ 50,000.00 $ 4,608.85
Municipal Court - Fines and forfeitures $ 22,376.50 $ 9,510.00 $ 12,866050
Revenue from other agencies :
5hared State taxes-
Cigarette and liquor $ 46,125.92 $ 40,000.00 $ 6,125.92
Mabi2e home registration fee 7,Q03.70 3,000.00 4,003.70
ivbrtgage registry 6s290.52 2,000.00 4,290.52
Total revenue from
other agencies $ 59,420.i4 $ 45,000.00 $ 14,420.14
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CITY 0_F_ FRIDLEY. MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1962
A�c tual
over
Budget (under)
Actual estimate estimate
Charges for current services:
Fire agreements and calls $ 961.00 $ 961.00
SpeciaL assessment searches 1,259.00 $ 1,100.00 159.00
Notary fees 144000 75.00 69.00
Board of prisioners 837.50 2,500.00 ( 1,6b2.50)
Drunkometer 386.50 500,00 ( 113.50)
Civil paper 391.50 4U0.00 ( 8.50)
Special assessments (weed cuCting and
nuisance abatement) 1,312.00 1,312.00
Other 2,927.98 3,325.00 � . 397.02)
Total charges for current ' �
services $ 8,219.48 $ 7,900.00 $ 319.48
Miscellaneous:
Refunds and reimbursements $ 6,127.19 $ 8,500.00 $( 2,372.81)
Gopher control 535.20 225.00 310.20
Rents 100.00 100.00
Interest earned 4,847.48 4,847.48 �
Sale of property 56.50 200.00 ( 143.50)
Other 1,780.Q0 800.00 980.00
Total miscellaneous $ 13,446.37 $ 9,Z25.00 $ 3,721,37
Transfers from Municipal Liquor
Operating FLnd $ 42z000.00 $ 42,000,00
Total revenue $534,1�67.,_07 $49 256.00 $ 41,�911.0�7
13
CITY OF FRIDLEY. MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDIT1lRES - ACTUAL COMPARED WITH BUDGET ESTIMATES
YEAR ENDED DECEMBER 31. 1962
Ac tual
over
BudgeC (under)
Actual estimate estimate
General Government:-
Mayor and Councilmen:
Regular salaries $ 8,128.49 $ 7,944.00 $ 184.49
Printing and puhlishing 2,252.29 2,200.00 52.29
Insurance and bonds 100,00 10.00 90.00
�bscriptfons and memberships 392.75 370.00 22.75
Capital outlay 244.25 200.00 44.25
Other expense 453.52 850.00 � 396.48)
Total $ 11,571.30 $ 11,574.00 $( 2.70)
Manager:
Regular salaries $ 15,876.19 $ 15,800,00 $ 16.14
Coumtunications 476.30 750.00 ( 2�3.70)
Printing and publishing 7.32 100.00 ( 92.68)
Travel, conferences and schools 325.16 500.00 ( 174.84)
Office supplies 805.96 525.00 280.96
Inaurance and bonds 50.00 15.00 35.00
CapiCal outlay 1,517.00 1,3a0.00 217.00
Other expenses 119.46 200.00 ( 80,54)
Total $ 19,177.39 $ 19,190.00 $( 12,61)
Municipal Court:
Regular salaries $ 8,538.00 $ 7,200.00 $ 1,338.00
Subsistence, care and support of
persons 154.32 3,000.00 ( 2,845.68)
Coffinunications 210.39 280.00 ( 69.61)
Other contractual services 918.99 200.00 718.99
Office supplies 654.49 500.00 154.49
Insurance and bonds 27.00 15.00 12.00
Capital ouClay 1�4.00 200.00 ( 26.00)
Other expenses 77.40 105.00 � 27.60)
Total $ 10,754v59 $ 11,500.00 $( 745.41)
Election and Voter:
Regular salaries $ 3,848.74 $ 3,350.00 $ 498.74
Printing and publishing 19.51 500.00 ( 480.49)
Office suppliea 184.64 750.00 ( 565.36)
General supplies 599.36 150.00 449.36
Capital outlay 124.95 50.00 74.95
Other expenses 22.76 25.00 ( 2.2k)
Total $ 4,799.96 $ 4,825,00 $� 25.04)
CITY OF FRIDLEY, MINNESOTA
14
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPAIZED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1962
Actual
over
Budget (under)
General Government (continued):- Actual eatimate estimate
City Clerk - Finance - Treasurer :
Re�ular salaries $ 16,218.30 $ 16,499.00 $( 280.70)
Couununications 1,362.76 1,300.00 62.76
Printing and publishing 69.65 570.00 ( 500.35)
TYavel, conference and schools 219.71 515.00 ( 295.29)
Maintenance of equipment 400.20 920.00 ( 519.80)
Of£ice supplies 2,633.54 3,225.00 ( 591.46)
Insurance and bonds 379.58 135.00 244.58
Capital ou[lay 1, 398.30 648.00 750.30
Other expenses 669.64 56.00 613.64
Total $ 23,351.68 $ 23.868.00 $�516.32)
Asaessor:
Regular salaries $ 15,323.41 $ 14,490.00 $ 833.41
Communications 278.92 275.00 3.92
Travel, conference and schools 697.30 1,200.00 ( 502.70)
Supplies 440.47 655.00 ( 214.53)
Insurance and bonds 97.19 25.00 72.19
Capital outlay 631.85 760.00 ( 128.15)
Other expenses 69.90 175.00 ( 105.10)
Total $ 17, 539.04 $ 17,580.00 $,S 40.96)
Independent auditing and accvunting $ 3,600.00 $ 4,200.00 $( 600.00)
Legal $ L0,100,00 $ LOL250.00 $( 150.00)
Charter Commission - Printing and
publishing $ 15.00 $( 75.00)
Civil Service - Miscellaneous $ 144.G2 $ 160.00 $( 15.58)
Board of Appeals - Travel, Conference
and schools $ 50.00 $( 50.00)
Planning and Zoning $ 3,691.87 $ 3,750.00 $( 58.13)
General Government Buildings :
Salaries $ 15.04 $ 150.00 $( 135.00)
Professional consultant services 2�097.21 2,097.21
Utilities 3,3$1.10 5,700.00 ( 2,318.90)
Contractual maintenance and repair 273.45 1,100.00 ( 1,426.55)
Contractual cleaning and waste
removal 1,796.77 2,250.00 ( 453.23)
Commodities-maintenance and repair 216.25 50.00 16b.25
General supplies 668.05 850.00 ( 181.95)
Insurance and bonds 2,631.09 550.00 2,081,09
Capital outlay 1,103.46 1,125.00 ( 21.54)
Rentals 1,215.00 1,200.00 15.00
Other expenses 368.53 200.00 168.53
Total $ 13,765.91 $ 13,775.00 $( 9.09)
Total General Government $118,496.16 $120•�79�7..00 $( 2,�300.�84)
15
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1962
Actusl
over
Budget (under)
Public Safety:- Actual estimate estiu�ate
Police Protection:
Regular salaries $ 77,912.27 $ 80,311.50 $( 2,399.23)
Co�unications 960.93 700.00 260.93
Travel, conference and schools 39.05 50.00 ( 10.95)
Other contractual services 1,843.20 1,700.00 143.20
Office supplies 444.63 250.00 194.63
Unifonn allowance 1,094.58 1,200.00 ( 105.42)
Motor fuels and lubricants 3,374.96 4,000.00 ( 625.04)
Maintenance and repair 3,345.56 1,300.00 2,045.56
Subsistance, care and
support of persons 416.93 800.00 ( 383.07)
General supplies 1,373.58 1,300.00 73.58
Insurance and bonds 3,898.31 1,750.00 2,148.31
Capital outlay-
Office furniture 1,141.00 880,00 261.00
Machinery and automotive equipment 5,808.96 7,500.00 ( 1,691.04)
Other expenses 177.88 100.50 77.38
Total $101,831.84 $101,842.00 $( 10.16)
Fire Protection:
Regular salaries $ 12,562.07 $ 15,600,00 $( 3,037 .93)
Communications 794.14 700.00 94.14
Travel, conference and echools 932.80 1,200.00 ( 267.20)
Maintenance and repair
of equipment 907.99 1,100.00 ( 192.01)
Office supplies 202.63 100.00 102.63
Motor fuels and lubricante 271.06 250.00 21.06
General supplies 2,715.30 1,100.00 1,615.30
Insurance and bonda 3,696.51 1,200.00 2,496.51
Subscriptions and memberships 1�1.00 200.00 ( 29.00)
Capital outlay - M achinery and
automotive equipment 13,6k3.70 14,307.00 ( 663.30)
Other expenses 688.35 855.00 S, 166.65)
Total $ 36,585.55 $ 36,612.00 $( 26.45)
Protective Inspection:
Regular salaries $ 18,466.62 $ 18,790.00 $( 323,38)
Com�w nications 710.34 850.00 ( 139.66)
Travel, conference and schools 1,497.20 1,750.00 ( 252.80)
Other contractual services 6,250.02 5,900.00 350.02
Office supplies 1,018.58 810.00 268.58
Insurance and bonds 50.00 100.00 ( 50.00)
Capital outlay - Otfice furniture
and equipment 481.50 500.00 ( 18.50)
Other expenses 346.35 225.00 121.35
Total $ 28,880.61 $ 28�925.00 $( 44.39)
CITY OF FRIDLEY, MINNESOTA 16
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTUAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1962
Ac tual
over
Budget (under)
Public Safety (continued):- Actual estimate eatimate
Civil Defense:
Salaries $ 3,581.46 $ 4,338.00 $( 750.54)
CoBnnunications 221.68 500.00 ( 278.32)
Printing and publishing 65.40 200.00 ( �34.60)
Travel, conference and schools 215.59 300.00 ( 84.G1)
S�pplies 561.65 1,400.50 ( 838.85)
Capital outlay 700.25 �00.25
Other expenses 46.82 117.50 ( 70.68)
Total $ 5,398.85 $ 6.856.00 $( 1,457.15)
Animal Control :
Other contractual services $ 1,807.45 $ 1,950.00 $( 142.55)
Other expenses 40.00 ( 40.00)
Total $ 1,807.45 $ 1.990.00 $s 182.55)
Total Public Safety $174,504.30 $176,225.00 $( 1,720.70)
Highvays:-
Ealgineering:
Regular salaries $ 11,797.10 $ 15,528.00 $( 3,730.90)
Professional and consultant services 67.60 200.00 ( 132.40)
Communications 834,95 675000 159.95
Travel, conference and schools 491 .14 750.00 ( :258.86)
Contractual maintenance and repair
of equipment 278.21 200.00 78.21
Other contractual services 360.00 1,000.00 ( 640.00)
Office supplies 1,267.66 1,000.00 267.66
General supplies 1,220.71 500.00 720.71
Insurance and bonds 3,251.10 240.00 3,011.10
Capital outlay - Office furniture
and equipment 6, 183.78 5,650.00 533.78
Other expenses 647 .79 1,850.00 ( 1,202.21)
Total $ 26,400.04 $ 27,593.00 $( 1�192.96)
Street and Alley:
Regular salaries $ 25,935.85 $ 36,920.00 $(10,984.15)
Couununications 256.36 300.00 ( 43.64)
Contractual maintenance and repair
of equipment 4,801.39 3,350.00 1,451.39
Other contractual aervices 16.00 1,510.00 ( 1,494.00)
Office supplies 76.28 100.Q0 ( 23.72)
Motor fuels and lubricants 2,123.74 2,000.00 123.14
Maintenance and repair of
other improvements 5,776.98 7,100.00 ( 1,323.02)
General supplies 2,954.47 1, 500.00 1,454.47
Rents 7,156.75 4,000.00 3,156.75
Insurance and bonds 10,936.56 3,000.00 7,936.56
Capital outlay - Machinery and
automotive equipment 3,300.00 ( 3,300.00)
Street patching materials 13,632.50 12,000.00 1,632.50
Awards and indemnities 100.00 100.00
CITY OF FRIDLEY, MINNESOTA 11
GENERAL FUND
STATEMENT OF EXPENDITURES - ACTI�'AL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YEAR ENDED DECEMBER 31, 1962
Actual
over
Budget (under)
E{ighways (continued) :- Actual estimate estimate
Street and Alley (continued) :
Other expenses $ 566.72 $ 395000 $ 111.72
Total $ 14,333.60 $ 75,475.00 $( 1,141.40)
Snow and Ice Removal :
Regular salaries $ 6,121 .41 $ 6,076.00 $ 45.41
Contractual maintenance and repair
of equipment 2,052.77 450.00 1,602.77
Other contractual services 15.00 1,000.00 ( 985.00)
General supplies 2,332.89 1,900.00 432.89
Capital outlay - Machinery and
automotive equipment 2,000.00 ( 2,000.00)
Rentals 950.63 1,000.00 ( 49.37)
Mc�tor fuels and Iubricants 1,041.11 200.00 841.11
Other expenses 170.00 ( 170.00)
Total $ 12, 513.81 $ 12,796.00 S( 282.19)
Traffic Signs� Signals and Markers :
Regular salaries $ 1,033.04 S 1,000.00 $ 33.04
Utilities 653.57 100.00 553.57
General supplies 1,785.12 5Q0.00 1,285.72
Insurance and bonds 90.00 15.00 75.00
Capital outlay - Other improvements 514.60 3,800.00 ( 3,285.40)
Other expenses 229.54 200.00 29.54
Total $ 4,306.47 $ 5,615.00 $( 1,308.53)
Equipment maintenance:
Regular salaries $ 3,843.88 $ 4,200.00 $( 356.12)
Com�►unications 267.86 100.00 167.86
Maintenance and repair of equipment 170.08 550.00 ( 379.92)
Small tools 8.51 200.00 ( 191.49)
Motor fuels and lubricants 20.31 500.00 ( 479.69)
General supplies 422044 750.00 ( 327.56)
Capital outlay 5,766.00 5,300.00 466.00
Rentals 680.00 680.00
Insurance and bonds 315,80 15v00 300.80
Other expenses 20.25 600.00 ( 579.75)
Total $ 11�515.13 $ 12,215.00 $� 699.87)
Street Lighting - Utilities $ 4,824.02 $ 8,400000 $( 3,575.98)
Total Highways $133,893.07 $142,094.00 $( 8,200.93)
Sanitation and Waste Kemoval :-
Storm Sewers:
Regular salaries $ 1,756.17 $ 2,716.00 $( 959.83)
Maintenance� repair and other
improvements 181.52 750.00 ( 568.48)
General supplies 3,518.20 3,100,00 418.20
Insurance and bonda 400.00 ( 404.00)
Contractual - Storm sewer study 2,000.00 200.00 1,800.00
Other expenses 215.20 600,00 ( 384.80)
Total $ 1,671.09 $ 7,766.00 $ 94.91)
CITY OF FRIDLEY, MINNESOTA 18
GENERAL FUND
STATEMEI3T OF EXPENDITURES - ACTIJAL COMPARED WITH BUDGET ESTIMATES (CONTINUED)
YF.�1R ENDED DECEMBER 31, 1962
Actual
over
Budget (under)
Sanitation and Waste Removal (continued) :- Actual estimate estimate
Weed Eradication:
Other contractual serviees $ 242.90 $ 250.00 $( 7.10)
Other expenses 24.28 20.00 4.28
Total $ 267 .18 $ 270.00 $( 2.82)
Pest Control - Contractual $ 261.15 $ 265000 $� 3.85)
TotaL Sanitation and
Waste Removal $ 8,199.42 $ 8,301.00 $( 101,58)
Conservation of Health:
Professional services $ 3,250.00 $ 3,250.00
Contractual services 855.00 1,000.00 $� 145.00)
Total Conservation of Health $ 4,105.00 $ 4,250.00 $( 145.00)
Library:
Cleaning and Waste Removal $ 47.50 $ 47.50
Rent 1, 500.00 $ 1,550.00 ( 50.00)
Total L�ibrary $ 1,547.50 $ 1,550.00 $( 2.50)
NWnicipal Parks :
Itegular salaries $ 3,230.67 $ 3,000.00 $ 230.67
Temporary salaries 12,502.75 12,400.00 102.75
Cor�ununications 136.38 75.00 61.38
Utilities 224.51 395.00 ( 170.49)
Travel, conference and schools 75.00 ( 75.00)
Maintenance and repairqf equipment 423.48 250000 173.48
Maintenance and repair of other
improvements 10,322.21 8,400.00 1,922.21
Contractual services 3,048.48 1,800.00 1,248.48
General supplies 2, 536.48 350,00 2,186.48
Capital outlay -
Machinery and automotive equipment 2,125.00 1,600.00 525.00
Buildings and struc[ures 3,174.15 10,750.00 ( 7, 575.85)
Other improvements 12,t3tS4.19 13,200.00 ( 315.21)
Rentals 1,360.00 450.00 910.00
Insurance and bonds 714.61 100.00 674.67
Other expenses 649.57 550.00 99.57 '
Total I�iinic ipal Parks $ 53,393.14 $_ 53,3y5.00 $( L.t36)
Transfer to Recreation fi�nd $ 6,395�00 $ 6,395.00
City contribution - H�ospitalization
insurance $ 2,yy2.04 $ 3,065.00 $( 72.96)
Total Expenditures $503,525.63 $516,072.00 $(12,546.37)
19
CITY OF FRIDLEY, MINNESOTA
SPECIAL REVENUE FUNDS
BALANCE SHEETS-DEGEMBER 31, 1962
Special Municipal
Recreation Improvement State Aid
Combined Fund Revolving �nd �nd
ASSETS
Cash (Page 53) $ 4,884.83 $ 287.36 $( 1�616.02) �/$ 6,213,49
Bank savings certificates, at
cost (Page 56) 15,OOO,UO 15,000.00 �
Accoun[ receivable from the
State of Minnesota (allotment
for construction) 127,607 ,00 127,607.00
Accrued interest receivable 265a28 265028�
Special assessments receivable:
Del inquent 7,U36.57 7,036.57 �-/
Deferred (principal only) 58,512.52 58, 572,52✓
Total assets $213,.s 36� $ 287.36 $ 19��25��5 $133,820.49 '
UNAPPROPRIATED SURPLUS
lnappropriated surplus $213,366.20 $ 287 .36 $ F9,25$.35� $133,820.49
-� —�
.
20
CITY OF FRIDLEY, MIN�ESOTA
SPECIAL REVENliE FUNDS
STATEMENTS OF REVE:VUE, EXPENDITUKES AND UNAPPROPRIATED SURPLUS
YEAR ENDED DECEMBER 31, 1962
Special Municipal
Recreation Improvement State Aid
Combined �nd Itevolving Ftind �nd
Revenue:
Cuntribution from School Dis-
trict No. 14 $ 2, 130.00 $ 2,130.00
Special assessments 73, 168.11 $ 73,168.11
5hared State taxes 14,430.00 $ 74,430.00
Enrollment fees 1,873.75 1�873.75
Transfer from General Ftind 6, 395�00 6,395oU0
Interest 413.32 473.32
Total revenue $158,470.18 $ 10,398.75 $ 73,b41o43 $ 74,430.00
Expenditures:-
Salaries and wages $ 7,350.57 $ 7, 350.67
Bus transportation ].,325>00 1,325.00 � �
Maintenance 3,150.17
$ 3,150017
Supplies and repairs 787.94 341.87 446.07
Capital outlay - furniture
and equipment 1, 515,73 1,036.33 479.40
Miscellaneous 566.73 546.09 20.64
Transfers to special assessment
debt service funds :
Improvement Bonds of 1961 7, 293.18 $ 7,293.18
Sewer and Water Pro,ject
No. 23 4,414,86 4,414086
I958 Street Improvement 4,620>42 4,620,42
Total expenditures $ 31,024070 $ 10, 599.96 $ 1b,328.46 $ 4,096.28
Revenues over (under) expenditures $121,445�48 $S 201,21) $ 5T,312.97 $ 70,333a72
llnappropriated surplus January 1,
1962 before adjustment $ 81,106018 $ 488057 $ 17,130084 $ 63,486.77
Adjustment to eliminate reserves
for special assessments receiv-
able at January 1, 1962 and
thereby account for revenue on
complete accrual basis 4.814.54 4,814e54
Unappropriated surplus, January 1,
1962 after adjustment $ 85,920,72 $ 488,57 $ 21,945.38 $ 63,486.7T
Unappropriated surpZus December 31,
1962 $213,366,20 $ 28J,36 $ 79,258,35 $133,820.49
� � � �
- �s✓
21
CITY OF FRIDLEY, MINNESOTA
PARK BOND CONSTRUCTIQN FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEI�iENTS
YEAR ENDED DECEMBER 31, 1962
Receipts :
Proceeds from sale of bonds $150,000.00
Investment maturfty 49,888.00
Interest 481.00
Total receipts $200,375.00
Disbursements :
Professional and consultant services 1,385.92
Printing and publishing 82.35
Contractual services 221 .55
Construction 3,453.50
$ 5, 143.32
Purchase of investments 114,888.00
Total disbursements $180,031 .32
Cash balance December 31, 1962 $ 20,343.68
22
CITY OF FRIDLEY, MINNESOTA
� SPECIAL ASSESSMENT FUNDS
BALANCE SFIEETS - DECEMBER 31 1962
Debt
Construction service
Combined (PaRe 23) LPage 31)
ASSETS
Cash (Page 53) $ 576,726.85 $(47,699.10) $ 624,425.95
Investments, at cost:
Bank savings certificates (Page 56) $20,000.00 325,000.00 495,000.00
City of Fridley bonds (Page 57) 1,114,000.00 21,000,00 1,093,000.00
Accounts receivable:
Other City funds 36,700.47 457.86 36,242.61
City of Columbia Heights, Minnesota 52, 100.00 52,1Q0.00
Accrued interest receivable 26, 103.28 3,134.49 22,968,79
Deferred taxes receivable 1,228, 100.00 1,228,100.00
Special assessments receivable:
Delinquent 376, 169.54 376,169.54
Deferred-
Principal 5,054,892.59 5,054,892.59
Interest 2,166, 529.74 2,166,529.74
Prepaid construction costs 25,462.84 25,462.84
Bonds suthorized-unissued
(issued January 1, 1963) 990,000.00 590,000.00 400,000.00
Amount to be provided by future
special assessments 522,649.72 522,649.72
Total assets $12,989,435.03 $917,356.09 $12,07Z,078.94
- - - �
LIABILITIES, RESERVES AND SURPLUS
Liabilities:-
Accounts payable :
Other City funds $ 36,866.11 $ 16,858057 $ 20,007.54
Other 2, 164.25 2,164025
Contracts payable 13,240092 13,240.92
Retained percentage on contracts 75,380.56 75,380.56
Deposits p8ysble 101,005.22 101,005.22
Bonded indebtedness :
Matured bonds and interest 92,162000 92,162.00
Future maturiCies-
Bonds (Pages 59-63) 8,429,000.00 8�429,000.00 '
Znterest 2,497, 246.25 2,497,246.25
Reserves for:
Account receivable - City of
Columbia Heights, Minnesota 52, 100.00 52,100.00
Fncumbrances 428,819,50 428,819.50
Debt retirement 14,814.51 11,9$0.94 2,833.51
Unencumbered appropriation balance 493,394.78 493,394.78
Unappropriated surplus 879, 184.77 1,460.41 877,724.36
Deficit (construction costs not financed) (125L943.84) (125,943.84)
Total liabilities, reserves
and surplus $12,989,435.03 $917,356.09 $12,072,078.94
�
. 23
CITY OF FRIDLEY, MINNESOTA
SPECIAL ASSESSMENT CONSTRUCTION FUNDS
BALANCE SHEETS - DECEMBER 31, 1962
Sanibary► Sewer
3anitary Sewer Storm Sewer Sewer and Sewer and Sewer and Sewer and Sewer and
and Storm Sewer and Water Water Water Water Water Water
Cambined Re�ular Project :do. 24 Project l�io. 5$ Project No. 15 Project No. 22 Project No. 23 Pro_ject No. 26 Proiect No. 29
ASSETS
Cash (Page 53) $(47,699.10) $ 2,353.94�r``- � $ 2,43�034'� $ 51,319.19'°� $ 1,923.48 $ 7,847.34 $ 94.00 $ 4,858.44 $ 1,613.48
Znvestments, at cost :
Bank savings certificates (Page 56) 325,000.00 5,000.00`f
City of Fridley bonds (Page 57) 21,000.00 21,000.00�
- Account receivable-Sewer and Water Utilities
Operating �nd 457 .86
Accrued inCerest receivable 3,134.49 410.41`�
Prepaid construction costs 25,462.ts4 21,161.23✓� '
Bonds authorized-unissued 590,000.00
Total assets $917,356009 $ 49,925.58 $ 2,4?5,34 $ 51,319.19 $ 1,923.48 $ 7,847.34 $ 94.00 $ 4,858.44 $ 1,613.48
LIABILITIES. RESERVES AND SURPLUS
Liabilities:-
Accounts payable:
Special assessment debt service funds-
?mprovement Bonds of 1962 $ 3,128.85
Sanitary Sewer, Storm Sewer and
Water Project No. 58 _ 354.16 $ 354.16
Water Froject No. 34 5,000.00
Sewer and water Project No. 48 3,250.00
Sewer and Water Project No. 55 1,062.48
Skorm Sewer Project No� 49 175.00
5torm Sewer Project No. 51 14.58
1962 Street Improvement Project 3,250.00
I�nicipal Liquor Operating FLnd 623050
Other 2,164.25 251.00
Contracts payable 13,240.92
Retained percentage on contracts 75,380.56 3,423.05
Reserves:
Encumbrances 428,819.50 $ 48,4b5.17 35,760.00
Debt retirement 11,980.94
Unencumbered appropriation balance 493,394.78 $ 2,4� �.34"'� 11,530.98 $ 1,923.48 $ 7,847.3k $ 94.00 $ 4,858.44 $ 1,613.48
Unappropriated surplus 1,460.41 1,460.41`�
Deficit (canstruction costs not ffnanced) (125,943.84) _
Total liabilitiesi reserves and
surplus $917,356.09 $ 49,925.58 $ 2,43�.34 $ 51,319.19 $ 1,923.48 $ 7,847 .34 $ 94.00 $ 4,858.44 $ 1,613.48
-�-, �
.
I 24
CITY OF FRIALEYi MINNESOTA
SPECLAL ASSESSMENT CONSTRUCTION FUNDS (CONTINUED)
BALANCE SHEETS - DECEMBER 31, 19b2
Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and
Water Water Water Water Water Water Water Water {�Tater
Proiect No. 34 I'roject No. 36 Project No. 38 Project No. 40 Proiect No. 41 Project No. 44 Project No. 47 Proiect No. 4$ Proiect No. 50
ASSE2S
Cash (Page 53) $f159,193.36)✓$ 2,936.31 $ 380.51 $ 469.09 $ 2,056.97 $ 131.87 $ 142.17 $(83,948.02)✓ $ 4,000.92
Bank savings certificateg at cost (Page 56) ' 195,000.00� 100,000.00
Accrued interest receivable 811.41
1,500.00
j Prepaid construction costs 4,301.61
' Bonds authorized unissued 335,000.00�
Tbtal assets $375,919.66 $ 2,936.31 $ 380.51 $ 469.09 $ 2,056.97 $ 131 .87 $ 142.17 $ 17,551.98 $ 4,000.92
LIABILITIES AND RESERVES
I Liabilities:- '
� t�ccounts payable:
Special assessment debt service funds-
Water Project No. 34 $ 5,000.00
Sewer and Water Project No. 48 $ 3 250,00�—
►
l�nicipal Liquor Operating FLnd $ 623.50
Other 639.50� $ 34.80 $ 41.60 $ 39.20 $ 37.60 /
Retained percentage on contracts 51,741.85 4,00O.00r/
Reserve for encumbrances 217,873.58 . /
Unencumbered appropriation balance 100,664.73 2,901.51 338.91 429.89 2,019.37 $ 131.87 $ 142.17 10,301.98 V 3,377.42
Total liabilities and reserves $375,919.66 $ 2,936.31 $ 380.51 $ 460.09 $ 2,056.97 $ 131 .87 $� $ 17,551.98 $ 4,000.92
, , . � � �
�
�
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' 2S
CITY OF FRIDLEY. MINNESOTA
SPECIAL ASSESSMENT CONSTRUCTION FUNDS (CONTINUED)
BALANCE SHEETS - DECII�'iBER 31, 1962 •
Sewer and Sewer and Sewer and Storm Storm Storm Storm Storm Storm �
Water Water Water Sewer Sewer Sewer Sewer Sewer Sewer '
Project No. 55 jProject No. 57 Project No. 59� Project No. 5 Pro1ect No. 6 Pro�ect No. 43 Project No. 49 Project No. 51 Project No. 52
ASSETS `/ /
Cash (Page 53) $ 28,233.30 " $ 77.07) ${ 5,4��8.52) '� $( 7,994.17) $( 1,79b.20 $(14,071.85} $ 809.53 $ 912.39 ✓ $ 421.11
LIABILITIES AND RESERVES
Liabilities:-
Accounts payable:
Special assessment debt service funds-
Sewer and Water Project No. 55 $ 1,062.48
Storm Sewer Project I3o. 49 $ i75.00
Storm Sewer Pro�ect No. S1 $ 14.58 `�, �
Other 38.25 $ 26.25 �� $ 101.60
Contracts payable 13,240.92 -
Retained percentage on contracts 5,859.63 �
Reserves:
Encumbrances 9,110.85
Debt retirement 11,980,94
Unencumbered appropriation balance 12,162.09 634.53 897.81r $ 421.71
Deficit (construction costs not financed) $( 77.07) (18,735.69)'� $( 7,994.17) $( 1,796.20) (26i,154.39)
Total liabilities and reserves $ 28,233.30 $ 77.07) $( 5,468.52) $( 7,994.17) $( 1,796.20) $(14,071.85) $ 809.53 $ 912.39 $ 421.71
,�
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26
CITY OF FRIDLEY, MINNESOTA -
SPECIAL ASSESSMENT CONSTRUCTION FUNDS �,CONTINUED)
BALANCE SHEETS - DECEMBER 31, 1962 "
Storm Storm Storm Storm 1959 Street 1960 Street 1961 Street 1962 Street
Sewer Sewer Sewer Sewer Improvement Improyement Improvement Improvement
Proiect No. 53 Project No. 56 Project No. 61 Project No. 62 Proiect Project Proiect Project •
ASSETS
Cash (Page 53) $(70,347.24) $( 7.50) $( 4033) $( 18.00) $ 4,970.22 $(23,980.97) � $ 9,416,10 $191,881.83'''� �
Bank savings certificate� at cost (Page 56) 25,000.00 ��
Account receivable-Sewer and Water Utilities
Operating F�nd /
� / 457.86 ✓ /
Accrued interest receivable 412.67 V
Bonds authorized-unissued
255,000.00
Total assets $ 70 347.24) $( 7.50) $( 4033) $( 18.00 $ 4,970.22 $_ 1,�431,7�0 $ 9,416.10 $447,339.59
LIABILITIES AND RESERVES
LiabiliCies:- �
� Accounts payable:
Special assessment debt service funds-
Improvement Bonds of 1962
1962 Street Improvement Project S 3,128.85
Other $` 809.25 $ 3;��50.00 �' .
$ 48.00 97 .20
Retained percentage on contracts 1,486.32 2;60U.07 6,269.64 � ---
Reserve for encumbrances
117,609.90��
Unencumbered appropriation balance 3,435.90 $ 1,431.70 � 3,589.98 320,210.157
Deficit (construction costs not financed) 571,156.49 ) $( 7.50) $� 4.33) $( 18.00)
Total liabilities and reserves $(70,� 34�) $( 7.50) $�_4a33) $( 18.00) $ 4,970.22 $ 1,431.70 $ 9,416.10 $447,339.69
'
27
CITY OF FRIDLEY, MINNESOTA
SPECIAL ASSESSMENT CONSTRUCTION FUNAS (CONTINUED)
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1962
Sanitary Sewer,
ganita ry Sewer Storm Sewer Sewer and Sewer and Sewer and Sewer and Sewer and
and Stor.n Sewer and Water Water Water Water Water Water
Combined Regular Project No. 24 Pro�ecC i3o. 5$ Project No. 15 Project No. 21 Pro�ect Noa 22 Project Noo 23 Proiect No. 26
Cash balance January 1, 1962 $�_332,869.96) $ 12,971.61 $ 14,8�0.58 $ 2,797.75 $ 2,059.69 $ 8,114.34 $ 94,00 $ 18,610.09
Receipts :
Bond proceeds $ 928,053.03 $ $5,000.00
Investment maturities (cost) 2,294,565.50 $349,3')8.00
Interest on fnvestments 17,901.20 $ 1,050.00 2,1:5.90
Refunds 60.7 5
Transfers of costs to following construction funds-
Saaitary Sewer and Storm Sewer Pro}ect Noo 24 15,433.03
Sewer and Water Project No. 26 100.00
5torm Sewer Project No. 5 1,306.43
Storm Sewer Project No. 49 2,424.06
1962 Street Improvement Pro,ject 1,306.43
Transfer of costs [o Sewer and Water Utilities
Operating �nd 2,291.93
ZYansfer fram Jmprovement Bonds of 1960 Special
Assessment Debt Service FLnd 92,603.15 92,613.15
Total receipts $3 356,645.51 $ 1,050.00 $444,1.7.05 $ 85,000.00
Total beginning balance
and receipts $3L023,775.55 $ 14,021.61 $458,9_17 .63 $ 85,000.00 $ 2,797,75 $ 2,059.69 $ 8,114e34 $ 94.00 $ 18,610.09
Disbursements:
Capital outlay $1,328,140.32 $ 6,667.67 $265,1 )6.51 $ 33,680.81 $ 874.27 $ 1,735.64 $ 267000 $ 47.61
Transfers to corresponding debt service funds
to pay bond interest applicable to construc-
tion periods 231,539.32 26,3i7 .75 . 13,004004
Tranafers of costs from other construction funds 21,169.95 15,433.03 700.00
Purchase of inveatments 1,321,062.50 5,000.00 149,635000
ZSransfers of unexpended balances to corresponding
debt service funds 169,562.56 324.05
Total disbursements $3 071,474.65 $ 11,667.67 $456,5�+2�29 $ 33,680.81 $ 874.27 $ 2,059.69 $ 267.00 $ 13,751.65
Cash balance December 31, 1962 $( 47,699.10) $ 2,353.94 $_ 2,435.34 $ 51,319.19 $ 1,923<48 $ -0- $ 7,847.34 $ 94.00 $ 4,858.44
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28
M
CITY OF FRIDLEYL MIN�ESOTA
SPECIAL ASSESSMENT CONSTRUCTION FUNDS
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS SCONTINUED)
YEAR ENDED DECEMBER 31, 1962
I
Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and
Water Water Waeer Water Water Water Water Water Water
Proiect No. 29 Project No. 34 Pro3ect Ivo, 36 Pxoject Noo 38 Project No. 40 Project Noa 41 Project No. 44 Project No. 47 Pro_iect No. 48
Cash balance January l, 1962 $ 2,016.09 $ (118,249.91) $,�13L053.34) $ 98k.94 $ 424.78 $ 2,621.53 $ 131.87 $ 142.17 �345,290.9b)
Receipts:
Bond proceeds $ 400,OQ0.00 $ 17,031 .14
$ 4,226.81
Investment maturities (cost) 796,15U.50
Interest on investments 3,849.50 $1,099,017.00
10,135.80
Total receipts $1,200,000.00 $ 11s031 .14 $ 4,226.81 $1 109➢152080
' Total beginuing balance and recefpts $ 2�016.09 $1,081,150.09 $ 3�977.80 $ 984094 $ 4�651.59 $_ 2,621.53 $ 131081 $ 142.17 $ 763.861.84
Disbursements:
Capital outlay $ 86.00 $ 1�42,658.19 $ 625.49 $ 604.43 $ 932.50 $ 564.56 $ 250,812.47
Transfers to corresponding debt service funds to
pay bond interest applicable to construction
periods 316.61 106,312.76 416.00 3,250.00 61,�39.2b
Purchase of investments 691,972.50
Transfers of unexpended balances to corresponding 399,405.00
debt service funds 135,853.13
Total disbursemente $ 402.61 $1,240,91►3.45 $��,041.49 $ 604.43 $ 4�182.50 $ 564.56 $ 847,809.86
Cash balance December 31, 1962 $ 1,�61�3,�48 $ (159,193.36) $�2, �36.31 $ 380.51 $ 469.09 $ 2,056.97 $ 131.87 $ 142.17 $ ( 83,948.02)
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29
CITY OF FRIDLEY, MTNHESOTA
SPECLAL ASSESSMENT CONSTRUCTION FUNDS
STATEMEI3TS OF CASH RECEIPTS AIQD UISBURSEMENTS _{CONTINUED)
YEAR ENDEA DECEMBER 31, 1962
� Sewer and Sewer and Sewer and Sewer and Starm Storm Storm Storm SCorni
Water Water Water Water Sewer Sewer Sewer Sewer Sewer
Proiect No. 50 Proiect No. 55 Proiect No. 57 Pro�ect No. 59 Project No. 5 Project No. 6 Protect No. 43 Project No. 49 Proiect No. 51
� Cash balanca Januazy 1, 1962 $ 2,642.70 $S 5 686.55) $( 1,79b.20) $ 6,271.42 $( 8 259.14) $ 1,634007
Receipts:
� Bond proceeds $ 85,000.00
T`ransfers of costs to -
Sanitary Sewer and Storm Sewer Project No. 24
Special Assessment Construction �nd $ 15 433.03
,
Sewer and WaCer Utilities Operating Fund $ 2 291.93
Total receipts $ 2,291.93 $ 85,000.00 $ 15,433.03
� Total beginning balance
and receipts $ 4,984,63 $ 85,000.00 $� 5,686.55) $1 1,796.20) $ 6,277.42 $ 7L173.89 $ 1,634.07
� Disbursements:
Capital outlay $ 73.31 $ 56,766.70 $ 77.01 $ 5,468.52 $ 1,001.19 $ 15,849.27 $ 1,647.85 $ 371.68
1Yansfers to corresponding deht service funds
to pay bond interest applicable to construc-
tion periods 910.40 4,500.00 1,050.00 35U.00
Tranafers of costs from other construction funds 1,306.43 2,424.06
1Yansfer of unexpended balance Co correaponding
debt service fund 1,242045
Total disbursements $ 983.71 $ 56,766.70 $ 71.07 $ 5,46$.52 $ 2L307.62 $ 20,349.27 $ 6,364.36 $ 721.68
Cash balance Aecember 31, 1962 $ 4,000.92 $ 28,233.30 $( 71.07) $( 5,468.52 ) $( 7,994.17) $( 1,796.20) $(14,071.85) $ 809.53 $ 912.39
a.r � -- �
I
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30 -
CITY OF FRIDLEY, MINN�SOTA
SPECIAL ASSESSMENT CONSTRUCTION FUNDS
STATEMENTS OF GASH RECEIPTS A13D DISBl3RSEMENT5 {CONTINUED)
YEAR ENDED DECEMBER 31, 1962
Storm Storm Stozm Storm Storm 1959 StreeC 1960 Street 1961 1962 Street
Sewer Sewer Sew�r Sewer Sewer Improvement Improvement Improvement Improvement
Proiect No. 52 Proiect No. 53 Proiect No, 56 Pro_iect No. bl Proiect No. 62 Proiect Project Project Proiect �
Cash balance Janua 1 1962 $( 24.21) $( 74.72) ` $,i 2 908.92 52 645.61
rY , , ) $ , $ 33,394.75 .
Receipts:
Bond proceeds $ 8 599010
Investment maturities (cost) � $ 68,195.98 $260,000.00
50,000.00
Interest on investments 750.00
Refund
$ 60.75
1Yansfers of costs to following construction funds-
Sewer and Water Project Noo 26 700.00
Storm Sewe r Pro j ec t No. 5 1 306.43
Storm Sewer Project No. 49 $ 2,424.06 �
1962 Street Improvement Project 1,305.43
Total receipts $ 2,424006_ $ 8,599,10 $ 60.75 $122,258.84 $260,000.00
Total beginning balance
and receipta $ 2,399.t35 $( 74.72) $ 5,690,18 $ 52,706.36 $155,653.59 $260,400.00
Diaburaements:
Capital outlay $ 1,117.38 $ 70,272.52 $ 7.50 $ 4.33 $ 18.00 $ 719.96 $ 15,032.66 $ 88,23I.49 $ 66,811oT4
Transfers to corresponding debt service funds to
pay bond interest applicable to consCruction
periods 667.00 4, 105.50 8,000.00
1Ysnafers of costs fraa► other constxuction funds 1,306.43
Purchase of iavestments 25,000.00 50,000.00
1�ransfers of uaexpended balances to corresponding
debt service funds 193.76 31,949.17
Total disbursements $ 1 978.14 $ 70,272.52 $ 1.50 $ 4.33 $ 18.00 $ 719.9b $ 7b,687.33 $146,237.49 $ 68,118.17
Cash balance December 31, 1962 $ 421071 $ 70,34T.24 $ 7 .50) $( �4,�33) $ 18.00) $�97�0�2�2 $ 23 980.97) $ 9,416<10 $191,�881.83
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31
CITY OF FRIDLEY,�, MINNESOTA
SPECIAL ASSESSMENT DEBT SERVICE FUNDS
� BALANCE SHEETS - DEGEMBER 31, 1962
Sewer and
Sanitary Sewer� Water
Storm Sewer Sewer and Projects Sewer and
Improvement Improvement Improvement and Water Water Nos.21 Water Water
Coanbined Re�ular Bonds of 1960 Bonds of 1961 Bondsof 1962 Project No.58 Project No.13 and 22 Project No.24 Proiect No.34
ASSETS �1
� Casb (PaBe 53) $ 624,425.95 �(230,881.03}!`--$ 167,b76.,6I $:��08,609.14 `�$ 72,514.77 $ 23,936.83 $�2,022.03)�� 15,360.81
Investments, at cost :
Bank savings certificates (Page 56) 495,000.00 i./270,000.00� �✓160,000,00 ;50,000.00 �15,OU0,00
City of Fridley bonds (Page 57) 1,093,000.00 ,,�1,093,OQ0.00'��
Accounts receivable:
Special assessment construction fu�ds-
SaniCary Sewer, Storm Sewer and Water '
Project No. 58 354.16 $ �354.16
Water Project No. 34 5,OoO,00
5ewer and Water I'roj ect No. 48 3,250.00 $ 5,000.00
Sewer and WaCer Project No. 55 1,U62.48
Stotln Sewer Pro,ject No. 49 175.00
Storm Sewer Project No. 51 14.58
1961 Street Improvement Pro,�ect 3,128.85 -�3,128.85
1962 Street Lnprovement Project 3,250.00
Improvement Bonds ot lybl 5pecial essessment ^��d � �.�
Debt Service �nd 20 007 .54 � �20 007.54 ��"�''% -
� City of Columbia H�:ights, Minnesota 52,100.00 �52,100.00 � �
Accrued interest receivable 22,968.79 �/20,155.18 '� � 1,600.48 ,� �'859.38 ✓353075
Deferred taxes recefvable 1,228,100.00 h1,154,840.00
Special assessments receivable: /
Delinquent 376,169.54 i/116,666.41V �f38,416 39 f42,052.56 �✓18, 171 .75 �10,850.32 �/112,061 .94 v 35,069.32
Deferred-
Principal S,054,892.59 �/1.,234,297.06`� "�,192,371 04 �663,724.61 �.339,332 0 95 V158,217.93 �472,072.45 �� 2,633.45
Interest 2,166, 529.74 ✓433,445.68 '�•:.-`741,111 .33 v218,072.45 ='92,8k3o36 V 81,U22.07 �/266,982.93 }( 394.99
Bonds authorized-unissued (issued Jaauary 1, 1962) 400,000.00 400 004.00
Amount to be provided by future special assessments 522,649.12 � X 11 980,94 93 145.84 35�000.00
� .
Total assets $12 072,078.94 $2,988,783.30 $2,301,181 .85 $2,438,114.14 $557,980.16 $ 93,500.00 $289,380.90 $849,095.29 $ 53,458.57 $440,000.00
�a,�a
� ��
I LIABILITIES, RESERVES Ai3D SURPLUS
Liabilities:-
Account payable - Improvement Bonds of 1962 ��� �
, 5pecial AssessmenC Debt Service Fl�nd $ 20,007.54 $ '�`20,007.54 ' "''�'� '��
Deposits payable 101,005.22 $�101,005.22��
Bonded indebtedness: �� ���"t�
-��;�
Matured bonda aad interest 92,1b2.00 3,216.00� ,==2,232.50 $ 'f S21o00 $�4,898.50 � 50,625.00
F1�ture maturities-
Bonds (Pages 59-63) 8,429,UOQ.00 ✓1,997,004.00%603,000 00 `'1,460,000,00 �$4�55,000.00 � 85,000,00 ✓300,Q00.00 ✓52Q,000.00 $400,000.00
Interest 2,497,246.25 �% 564,185.40� 'n 647,010.00 �+75,927.50 �.80,628.75 `�8,500.00 ✓113,�25.00 �/ 231,995.00 40,000.00
Reaerves for:
Account receivable-City of Columbia Heights,
Minneaota 52,100.00 �i 52,100.00 `�
Payment of future interest 2,833.57 �2,833.57
Una ro riated sur lus (deficit) 877,724.36 211, 065.10) ✓62,201.79
pp p p �, 2T7.08 51,171 85 479,946.60 2 351.41 (125,
Total liabflities, reserves
and surplus $12�,07�2�07�8�94 $2,988,783.30 $2a301�181.85 $2�43�6,114.14 $SS7,980.16 $ 93,�500.40 $289mm,380�.90= $849,U95.29 $ 53,458.57 $440�00,0.0�0
32
CIT'Y OF FRIDLEYt MINNESOTA
SPECIAL ASSESSMENT DEBT SERVICE FUNDS (CONTINtJED)
BALANCE SHEETS - DECEMBER 31, 1962
196Z
5ewer and Sewer aad Sewer and Sewex and Sewer and Storm Stoxm Storm Street
Water Water Water Water Water Sewer Sewer Sewer Improvement
Project No.44 Project No.41 Pro_�ect No.48 Proiect No.50 Pro�ect No.55 Proiect No.49 Project No.51 Project No.52 Proj ect
ASSETS �r
Cash (Page 53) $ 1,235.22 $ 308.87 $�263, 303.74 $ 557.7Q $�/:i,764.56 $ 60.76
Accounts receivable-Special assessment construction funds:
Sewer and Water Project No. 48 3,250.00
Sewer and Water Project No. 55 $�Y 1,062.48
Storm Sewer Pro3 ec t No. 49 �.17 5.00
Starm Sewer Project No. 51 $ �.14.58
1962 S[reet Improvement Project $ 3,250000
Deferred taxes receivable � 73,300.00
Special assessments receivable:
Del inquent 2,880.85
Deferred-
Pzincipal 5,810.01 'r�2y,460.87 23,820.15 ✓f7,350.42 15,805.59
Interest 3,484.35 �/293,100,83 I5,367.76 i�10,505.55 10,192.44
Amount to be provided by futuze speci�l assessments '�--92,437.52 7 335.42 282,y50.00
Total assets $ 4,116.07 $ 9,603.29 $1��_ S�415.44 $ 39,745Q61 $ 93,500.00 $ 31�79� ��350.00 $ 26,058.79 $286,OOOo00
1 LIABILITIES AND Sl3RPLUS
Liabilitiea - Bouded indebtedness:
Matured bonds and interest $ ob9.00
Fl�ture maturities-
Bonds (Pages 59-63) t $ 4,000.00 $ Ei,000.00 v 1,19u,�00.00 $ 20,040.00 � 85,000.00 i�21,000.00 $�,004.00 $ 15,000.00 $2b0,000.00
Interest 100,00 150.00 � 297, 125.00 1,Q00.00 �-.�3,SOa,40 1,050.00 ''�_350.00 800.00 26,Q00.00
Unappropriated surplus I6,07 3,453.29 �-:;� 7_41 621.44 18,745.61 y 745.53 y,258.79
Total liabilities and surplus $ 4,11b.07 $ 9,603.29 $I,Sb2,415.44 $ 39,745.61 $ 93,500.00 $ 31,795.53 $ 7,350.00 $ 2b,058.79 $286,000.00
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° 33
CITY OF FRIDLEY, MINNESOTA
SPECIAL ASSESSDiENT DEBT SERVICE FUNDS
STATEMENTS QF CASH RECEIPTS AND AISBURSEMENT5
XEAR ENDED DECEMBER 31, 1962
Sewer and
Water
Sewer and Projects Sewer and
Improvem�nt ImprovemenC Improvement Water No.21 Water
Combined Re�ular Bonds of 1960 Bonds of 1961 Bonds of 1962 Project No. 13 and 22 Project No. 23
Cash balance January 1, 1962 $ 525,924.93 $ 156,,446.b1 $165,588.32 $ 87,952021
$ 34=624.28 $ 3,869.52 $ 927.57
, Receipts:
Special assessments $1,147,764.24 $ 234,312.6b $276,195.,75 $163,632.15 $156,659.45 $ 23,132.28 $ $3,214.37 $ 2,857.57
Investment maturities (cosC) 1,498,295.50 1,198,295.50 100,0U0v00 200,000.00
Interest on investments 48,Ob1.49 43,192.49 1,750000 3,125.00 Y
Transfers f rom corresponding
construction funds to pay bond
interest applicable to construc-
tion periods 231,539.32 39,321.79 111,018.26
Transfers to close corresponding
construction funds-
� Sewer and uater Project I�io. 21 324.05 324.05
Sewer aad Water Project i�3o. 48 135,853.13
Stoxm Seraer Project No. 49 1,242.45
Storm Sewer ProjecC i�io. 53 193a 76
1960 SGreet Improveinent Project 31,949.17 31,949.17
Bond proceeds 196,946.97 3,490.98
Transfera fran Special improvement
Revolving FLnd to eliminate deficits 16,328.46 7,293.18 4,414.86
Transfera fram Itnprovement Bonds of 1962
Special Assessment Debt Service F1�nd
to eliminaCe deficits 87,635.66
TYansfers from Sewer and Water Utflities
pperating F1�nd ?0, 500.D0 16,Q00�00 45LOQ0.00 9,500.00
Total recefpts $3�4bb,640.20 $1,475,800.65 $433,267 .54 $562,017 .76 $160,150.43 $ 32,632.28 $ 83,538.42 $ 7,272.43
Total beginning balance
and receipts $3,992,Sb5.13 $1 632,241.26 $598,855�8b $649,9b9.97 $160,150,43 $ 67,256056 $ 87,407.94 $ 8�200.00 "
,
Disbursements:
Bonds $ 640,OOQ.00 $ 136,0OO.OQ $ 15,000.00 $ 55,000.00 $ 8,000.00
Interest 375,852.45 81,229.00 $ 78,261.00 $ 90,928.75 13,214.00 34,332.00 200.00
� Miscellaneous {including fiscal agents
service charge) 1,605.70 457.Q7 315.10 432.08 49.73 97.97
Purchase of investments 2,100,OQ0.00 1,575,0�0.00 264,000.00 250,a00.OQ 15,(100.00 '
Net decrease in escrow deposits 70,442.22 70,442.22
Transfer to Sanitary Sewer and Stozm
SeWer Project No. 24 Special Assess-
ment Construction Fund 92,603.15 92,6�3.15. �
Transfer to debt service funds Co
� eliminate deficits 87,635>6b $ 87,635.66
Total disbuxsements $3,368,139.18 $1.863,128.24 $G31,179.25 $341a 360.83 $ 87.635.66 $ 43,319.73 $ 89,429.97 $ 8,200.00
Cash balance December 31, 1962 $ 624,425.95 $ t230 881.03) $167,676.61 $308 609.14 $ 72,514.77 $ 23,936.83 $ 2 022.03) $ -0-
��� �.�� �i�� � �
� 34
CITY OF FRIDLEY, MII3NESOTA
SPECIAL ASSESSMENT DEBT SERVICE FUNDS �
STATEMENTS OF CASH RECEIPTS AND DIS$URSEMENTS (CONTINUED)
YEAR ENDED DECEMBER 31, 1962
Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and Sewer and
Water Water Water Water Water Water Water Water
Project No. 29 Project No. 36 Project :10. 38 Proiect No. 41 Project No. 44 Pro_iect No. 47 Project No. 48 Project No. 50
Cash balance January 1, 1962 $ 17,780.17 $ 30,467.56 $ 2,313.29 $ 4,170,24 $ 1,511.62 $ 1,657 .32 $. 3,420.37
Receipts:
Special assessments $ 41,389.03 $ 41,429.54 $ 1,40��.18 $ 4,012.58 $ 2,988.60 $ 1,026.55 $107,244.68 $ 3,797.3Q
Transfers fram corresponding construc-
tion funds to pay bond interest
applicable to construction periods 316.61 416.00 61,739.26 910.40
Transfer to close Sewer and Water Project
No. 48 Special Assessment Construc-
tion FLtnd 135,853.13
Bond proceeds 8,774.87 3U,637.18 27,708.97
Transfers fran Improvezaent Bonds of 1962
SpeciaZ Assessment Debt Service �l►nd
to eliminate deficits 23,Z70.16 18�+.35 5�991.33
Total receipts $ 41,705.64 $ 73,790.57 $ 32,22t�.71 $ 37,712.88 $ 2,988.60 $ 1,026.55 $304,837 .07 $ 4,707,70
Total beginning balance
and receipts $ 59,485.8i $104,258.13 $ 34,60U.00 $ 41,883.12 $ 4,560.22 $ 2,683.87 $30$,257.44 � 4,707.70
Disbursements:
Bonds $ 40,000.00 $lOQ,000.00 $ 33,OOU.00 $ 40,000.00 $ 3,000.00 $ 2,000,00 $ 3,000.00
Interest 4,125.00 4,250.00 1,60�.00 1,875.00 325.00 375.00 $ 44,731.70 1,150.00
Miscellaneoue (including fiscal agents
service charge) 8.13 6.12 222.00
Total disbursements $ 44,125.00 $104,258.13 $ 34,60u.00 $ 41,883.12
$ 3,325.00 $ 2,375.00 $ 44,953.70 $ 4,150.00
Cash balance December 31, 1962 $ 15,360.81 $ ,-�0- $ -0- $ -�0- $ 1,235,22 $�30�8.87= $263,303.74 $ 557.70
�
I
35
CITY OF FRIDLEY, MIN1dESOTA
SPECIAL ASSESSAtENT DE$T SERVICE FUNDS
STATEMLNTS OF CASH RECEIPTS AND DISBURSEMENTS (CONTINUED�
YEAR ENDED DECEMBER 31, 1962
1958 Z959 1961
Stozm Storm Stor•n Storm Storm Street StreeC Street .
Sewer Sewer Sewer Sewer Sewer Lnprovement Improvement Improvement
' Proiect No, 40 Proiect No, 43 Proiect Vo. 49 Project No. S1 Pro�ject No. 52 Proiect Project Proiect ti`
Cash balance January 1, 1962 $S 5,733007) $ 20,808.92
Receipts:
Special assessaaents $ 2,522.11 $ 1,128.15 $ 821029
1Yansfers from corresponding construc- �`
tion funds to pay bond interest
applicable to construction periods $ 3,250.00 $ 4,500.00 1,OSJ.OQ $ 350.00 $ 661.00 $ 8,OOOo00
Tranafers to close corzesponding con-
struction funds-
' Storm Sewer Project No. 49 1,242.45
Storm Sewer Project No. 52 193.7b
Bond proceeds 24,773.L9 75,000.00 26,561.78
ZYansfers froan Special Improvement
Revolving Fbnd to eliminate deficits 4,620.42
Transfers fram Improvement Bonds of 1962
Special Assesameni Debt Service kl►nd
to eliminate deficits 40,226.81 15,,,000.00 3,058.01
Total receipts $ 68,250.00 $,94,500,00 $ 4,c31'�.56 $ 350.00 $ 860.16 $ 5,748.57 $ 30,441.�8 $ 8,000.00
Total beginning balance
and receipts $ 68:250.00 $ 94,500.00 $ 4,81+.56 S 350.00 $ 860.76 $ 15.50 $ 51,250D00 $ 8,000.00
� M abursements:
Bonds $ 65,000.00 $ 90,000.00 $ 50,000.00
Interest 3,250.00 4,500a00 $ 1,05J.00 $ 350.00 $ 800.00 1,250.00 $ 8,000,00
Miscellaneous $ 15.50
Total disbursements $ 68,250.00 $ 94,500.00 $ 1,05J.00 $ 350.00 $ 800.00 $ 15.50 $ 51,250.00 $ 8 000.00
Cash balance December 31, 1962 $ -0- $ -0- $ 3.76�.56 $ -0- $ 60.76 $ -0- $ -0- $ -0-
� � �- �
�
�,
36
CITY OF FRIDLEY, MINNESOTA
SPECIAL ASSESSMENT DEBT SERVICE FUNDS
DEBT SERVICE REQUIREMENTS
DECEMBER 31. 1962
Bond
Year �rincipal Interest Tota1
1963 $ 618,000.00 $ 3b1,798.75 $ 979,798.75
19b4 1,356,000.00 314,795.00 1,670,195,00
1965 546,000.00 252,352.50 798,352.50
1966 539,000.00 231,302,50 770,302.50
1967 539,000,00 210,342.50 749,342.50
1968 519,000.00 189,685.00 706,b85.00
1969 489,000.00 169,682,50 658,682.50
1970 489,000.00 150,060.00 639,060.00
1971 509,000.00 129,897.50 638,897.50
1972 514,000.00 109,202.50 623,202.50
, 1973 464,000.00 89,432,50 553,432.50
1974 342,000.00 73,085.00 4L5,085.00
1975 310,OQ0,00 59,777.SU 369,777.50
1976 240,OOG.00 47, 517.50 287,517.50
1977 190,000.00 36,970.00 226,970.00
1978 185,000.00 29,035.00 214,035.00
1979 190,000.00 21,100.00 211,100.00
1980 175,000.00 I3,375.OQ 188,375.00
1981 135,000.00 6, 165.00 141, 165.00
1982 80,000.00 1,670.00 81,670.00
$8,429,000.00 $2,497,246.25 $10,926,246025
_:
37
CITY OF FRIDLEY, MINNESQTA
GENERAL DEBT SERVICE FUNAS
BALANCE SHEETS - DECEtiBER 31 1962
Building Park
Bonds Bonds
Combined of 1951 of 1962
ASSETS
Cash (Page 53) $ 2,053.07 $1,959 0 74 $ 93.33 ���
Taxes receivable :
Delinquent 119.07 119.07
Deferred 196, 100.00 196,100.00'�-
Total assets $198,272.14 $2,078.81 $196,193.33
�� �
LIABILITIES AND SURPLUS
Liabilities - Bonded indebtedness,
�Lture maturities:
Bonds (Pages 59-63) $150,000.00 $150,000.00'�
Interest 36,33Q.00 36,330.00�
Unappropriated surplus 11,942.14 $2,078.81 9,863.33
TotaL liabilities and surplus $198,272.14 $2 0� $196,193.33
STATEMENTS OF CASH RECEIPTS AhD DISBURSEMENTS
YEAR ENDED DECEMBER 31. 1962
Cash balance January 1, 1962 $ 4,868.16 $ 4 868.16
Receipts:
Delinquent property taxes $ 136.58 $ 136.58
A�ccrued interest on bonds sold 93.33 $ 93.33
Total receipts $ 229.91 $ 136.58 $ 93.33
Total beginning balance
and receipts $ 5,098.07 $ 5,004.74 $ 93.33
Disbursements:
$onds $ 3,000.00 $ 3,000.00
Interest 45.00 45,00
Total disbursements $ 3,045.00 $ 3,045.00
Cash balance December 31, 1962 $ 2,053.07 $ 1,959.74 $ 93.33
38
CITY OF FRIDLEYj MINNESOTA
�ENERAL DEBT SERVICE FUNDS
DEBT SERVICE REQUIREMENTS
DECE MBER 31, 1962
Bon d
Year principal Interest Total
1963 $ 7,950.00 $ 7,950.00
1964 $ 5,000.00 4,725.00 9,725.00
1965 10,000.00 4, 500.00 14,500.00
1966 15,000.00 4,125000 19,125.00
1967 15�000.00 3,675.00 18,675.00
196$ 15,000.00 3, 225.00 18,225.00
1969 15,400.00 2,775.00 17,775.00
1970 15,000.00 2,295.00 17,295�00
1971 20,000.00 1,700.00 21,700.00
1972 20,000.00 1,020.00 21,020.00
1973 20,OOOo00 340.00 20,340.00
$150,000>00 $ 36,3�30.00 $186,330900
39
CITY OF FRIDLEY, MINNESOTA
TRUST AND AGENCY FL'NDS
BALANCE SHEETS-DECEMBER 31, 19b2
Publ ic
Firemen' s �nployees'
ReLieE Retirement Drivers
Association Association License
Combined Fund �nd �nd
ASSETS
Cash (�age 53) $ 3,575.21 $ 3,388.34 $ �198.87 $( 12.00)
Accounts receivable: `r�
Other City funds- -,,.
r���
Municipal Liquor Operating ,� � ; �•
Ftind 6,650.60 ��6,650.60 �' �,,� �
Sewer and Water Utilities -��
Operating FLnd 2,0260 56 i2,016.56 !'�
Other 12oU0 12.00
Delinquent taxes receivable 1., 101 .b4 500.37 �,b01.27
To be provided by future revenues 24, 548.68 24,548068
Total assets $ 31,�9 $�888,71 $ 34,01S.98 $ -0-
LIABILITIES
Accounts payable:
Firemen' s Relief Association $ 3,888.71 $ 3,888.71
Public �nployees� Re[irement
Assoc iation 34,015.98 $`�'34,015.98
Total liabilities $ 37,904.69 $ 3,888.71 $ 34,015,98 $ -0-
s oa
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, I962
Cash balance January 1, 2462 $ 204.45 - $ 224.95 $( 20.50)
Receipts:
(�rrent taxes $ 20,667.42 $ 8,705.64 $ 11,961.78
Delinquent taxes 243.91 127 .81 116.10
Insurance refund 3,388.34 3,388.34
License fees _ 1,025.00 $ 1,025.00
Total receipts $_25,324.67 $ 12,221.79 $ 12,077.88 $ 1�025.00
Total beginning
balance and
receipts $_ 25, 529012 $ 12,221.79 $ 12.302.83 $ 1,004.50
Disbursements :
Firemen' s Relief Association $ 8,833.45 $ 8,833>45
Public �nployees� R�tirement
Association 12, 103.96 $ 12,103096
Anoka County 1,016.50 $ 1,016.50
Total diabursements $ 21,953.91 $ 8,833.45 $ 12,103a96 $ 1,016.50
Cash balance December 31, 1962 $ 3, 575.21 $ 3, 388.34 $ 19$.87 $( 12.00)
_-------�-
40
CITY 4F FRIDLEY, MINNESOTA
�SUNICIPAL LIQUOR OPERATING FUND � �'a
BAI.Ai10E SHEET - DECEMBER 3I, I962 �`� �'`
.�.` l'
(wikh prior year amounts restated for comparison) �t�
1� �
' 1962 1961
ASSETS
CURRENT ASSETS
Cash (Page 53) $ 17,445.Z1.x,/ $ 25,334.50
}3ank savings certificates, at cost (Page 56) 25,00O.00b� -�..
Account recefvable - Sewer and Water Project No. 50
Speciai Assessment Construction Fund 623.50-'�/ .-}�o�; 623.50
Accrued interest receivable 442.16�/ sl�;, .`5��
Inventories, at cost 113, 140.48 ��;� �. 102,109.85
Prepaid expenses 9,287.41 '�`�°�� ` 4,061..95
Total current assets $165L938.76 $132,129,80
' FIXED ASSETS, at cost /
Land and improvements $ 15,931.96v $ 11,315.52
Buildings 219,3b3.94 � 220,183.08
Signs 3,I67.66� 8, 752.b6
Fti rniture and equipment 63,112.16✓ 49,810.45
Az�tomobile 2,070.22�
Total cost $309,645.94 $290,061.71
Less-accumulated depreciation 48,036.84� 42,102089
Tota1 fixed assets (net) $261,609.10 $247,95$.82
TOTAL ASSETS $427,547 .86 $380,088.b2
LIABILITIES AND RETAINED EARNINGS
CURRENT LIABILITIES
Accounts payable:
Other City funds-
General fund-accrued wages $ 1,839.44�#' $ 2,177.99
Public bnployees Retirement Association Fund 6,650.60 -�- 6,056.08
Other 249.U0 � 2,141070
Total current liabilities $ 8,739.04 $ 10,375.77
RESERVE FOR RETIREMENT OF REVENUE BONDS $ 98,419092 ✓ $113,921.01
RETAINED EARNINGS
invested in fixed assets (net fixed assets less
reserve for retirement of revenue bonds) $163,189.18� $134,037.$I
Net working capital (current assets less current
liabilities) 157,199.72 `� 121,75G.03
Total retained earnings $320,388.90 $255,791.84
TOTAL LIABILITIES, RESERVE AND RETAINED EARNINGS $427,547.86 $380,088.b2
41
GITY OF FRIDLEY, rlINNESOTA
MUNICIPAL LI UOR OPERATING FUND
STATEPIENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1962
(with prior year amouctts restated far comparison)
1962 1961
Percent Percent
of sales of sales
Sales :
Off sa2e $604,876.54 71.86 $559,290.99 73.38
On sale 236,889.22 28.14 202,854.78 26.62
Total sales $841,765.76 100.00 $762,145.77 100.00
Cost of sales 554, 145.75 65.83 512,974.48 67.31
Gross profit $287,620.01 34.17 $249, 171.29 32.69
Operating expenses 174,214.37 , 20.70 155,883.85 20.45
Operating profit $113,4Q5.b4 13.47 $ 93,287.44 12.24 .
Other income (incZuding vending
machines sales) 3,379.45 .40 1,949.82 .26
Other expenses ( 225.12) .03)
Net income $1Z6, 559.97 13.SG $ 95,237.26 12.50
Retained earnings beginning of year 25S, 791.84 $325, 724.17
Adjvstments for unrecorded items at
January 1, 196 2.:
(1) Reserve for reCirement of
revenue bonds (122, 576.82)
(2) Liability for Public Fmployees
Retirement Association con[ri-
butions ( 3,796,08)
(3) Accounr receivable from Sewer
and Water ProjecC No, 50
Special Assessment Construc-
tion �nd 623.50
Retained earnings January 1, 1961 "
after adjustments $199,974.77
Appropriation transfers to other
CiLy funds :
General Fund (42,000.00) (31�100>00)
Aiznicipal Lzquor Debt Service
Fund (Principal and Interest) (25,464.00) (16,976.00)
Equity increase in fixed assets
acquired by issuance of revenue
bonds 15,501.09 8,655,81
ReCained earnings end of year $320,388.90 $255,791.84
42
CITY OF FRIDLEY, MINNESOTA
MUNICIPAL LIQUOR OPERATING FtIND
STATEMENT OF OPERATING EXPENSES
YEAR EYDED DECEMBER 31. 1962
(with prior year amounts for comparison)
1962 1961
Percent . Percent
of sales of sales
Salaries and wages:
Manager $ 8,714.08 1.04 $ 7,276.58 .95
Clerical 6,117.40 .73 6,278.93 .82
Other 103,317.15 12.27 95,166.22 12.50
Contributions to Public Dnployees
Retirement Association 6,170.52 .73 2,202.24 .29
Hospitalization insurance 1,210.41 .14 932<60 .12
Glassware, ice and bar supplies 1,84$.88 .22 2,248.97 .30
Laundry 2,024a45 .24 1,972.60 .26
Cleaning and r�aste removal 2,010.86 .24 1,547.08 .20
Rent 3,360.00 .40 3, 310.00 .43
Utilities 9,U38.43 1 .07 8,763.26 1.15
Maintenance and repairs 4,491,62 .53 2,596.56 .34
Insurance 7, 119055 .85 6,199.58 .81
Depreciation LU,893.13 1 .29 9,758.24 1.29
Telephone 1, 104.13 .13 992.86 .13
Mileage 885.39 .11 864.56 0ll
Independent accounting and
auditing 1,403.70 .17 1,745,00 .23
Alarm service 1,908.00 .23 2,091.01 .27
Licenses 269.00 .03 469.88 .06
Referendum expenses 698.85 .09
Office supplies 284.86 .03
Other supplies 1,052.33 .13
Miscellaneous 984.48 ,12 768.83 .LO
$174,�214.37 20.70 $155,883�85 20.45
- 43
CITY OF FRIDLEY. MINNESOTA
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF INCOME FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1962
Total
all Of f Sale Stores On Sale Stores
stores Total 1 2 3 4 Total 22 33
Sales $841,765.76 $604,876.54 $ 51,551.89 $233,444.02 $136,622.73 $183,257.90 $236,889.22 $ 98,721.44 $138�167.78
Cost of sales 554,145.75 454,731.56 39,120.52 173,061.47 102,438.12 140,111.45 99,414.19 43,567.50 55 846.69
Gross profit $281,620.01 $150,144.98 $ 12,431.37 $ 60,382.55 $ 34,184.61 $ 43,146.45 $137,475.03 $ 55,153.94 $ 82,321 .09
Percent of sales 34.177. 24.82� 24.11°la 25.$6°/e 25.02°/a 23.54% 58.03°� 55.87� 59.58%
Operating expenses $174,214.37 $ 65,449.07 $ 11,219.11 $ 22,824.52 $ 16,643.05 $ 14,762.39 $108,7b5.30 $ 45,798.07 $ 62,967.23
Percent of sales 20.701e 10.82% 21 .76% 9.78% 12.18% 8.05� 45�91% 46.39� 45.57�
Operating incame $113,405a64 $ 84,695.91 $ 1,212.26 $ 37,558.03 $ 17,541.56 $ 28,384.06 $ 28,709.73 $ 9,355.87 $ 19,353.86
Percent of sales 13.47% 14.00% 2.35� 16.0870 12.84� 15.49% 12.12% 9.4870 14.01%
Other incame:
Check cashing fees $ 677.80 $ 9.20 $ 9.20 $ 668.6 0 $ 413.98 $ 254.62
Vending machine commissions-
Cigarette 1,102.05 32.25 32.25 1,069.80 524.15 545.65
Phonograph 913.00 913.00 361.U0 552.00
Telephone 244.44 244.44 117.92 126052
Interest 442.16 294.16 $ 73.69 $ 13.69 $ 73.69 73.69 147.40 73.69 73.71
� $ 3,379.45 $ 336.21 $ 73.69 $ 73.69 $ 73.69 $ 115.14 $ 3,043024 $ 1,490.74 $ 1,552.50
Qther expense - Loss on sale of
fixed asset $ 225.12 $ 225.12 $ 225.12
Net income $116,559.97 $ 85,032.12 $ 1,285.95 $ 37,631.72 $ 17,615.25 $ 28,499.20 $ 31,527.85 $ 10,846061 $ 20,681.24
Percent of sales 13.84� 14.05� 2.4970 16.12% 12.89% 15.55� 13.31� 10.99°ti � 14.97 ti
�;
I
44
CITY OF FRIDLEY, MINNESOTA =
MUNICIPAL LIQUOR OPERATING FUND
STATEMENTS OF OPERATING EXPENSES FOR INDIVIDUAL STORES
YEAR ENDED DECEMBER 31, 1962
Totsl
all Of f Sale Stores On Sale Stores
stores Total 1 2 3 4 Total 22 33
Salaries and wages:
Manager $ 8,714.08 $ 5,809.40 $ 1,452.35 $ 1,452.35 $ 1,452.35 $ 1,452.35 $ 2,904.68 $ 1,452.34 $ 1,452.34
Clerical 6,1ll .40 3,166.04 718.40 935.82 713.41 738.41 2,951.36 1,431.73 1,519.63
Other 103,317.15 32, 502.03 4,750.60 13,513.53 7,458.31 6,779.59 70,815.12 31,347.78 39,467.34
Contributions to Public Fh�ployees Retirement
Association 6,170,52 2, 110.32 341.85 824.38 490.56 453.53 4,060.20 1,806.11 2,254.09
Ebspitalization insurance 1,210.41 462.31 76.58 175.86 115.20 94.67 748.10 391.21 356.89
Glassware, ice and bar aupplies 1,848.88 1, 121.36 59.02 399.25 318.11 344.98 . 727.52 163.71 563.81
Laundry 2,024.45 386.33 71 .16 56.24 128.91 130.02 1,638.12 590.32 1,047.80
j Cleaning and waste removal 2,010.86 b62.80 52.40 314.00 287 .40 9.00 1,348.06 853.97 494.09
' Rent 3,360.00 3,360.00 1,20U,00 2,160.00
Utilities 9,038.43 4,036.04 628.85 1,375.85 1,417.22 554.12 5,002.39 1,778.11 3,224.28
Maintenance and repairs 4,497.62 1,220.56 24.00 850.33 175.85 170.38 3,277.06 359.81 2,917.25
Insurance 7,119.55 3,264.91 542,93 1,017.62 930.38 713.98 3,854.64 1,762.82 2,091.82
Depreciation 10,893.13 3,471.81 370.96 949.51 1,738.55 412,79 7,421.32 2,205.64 5,215.68
Telephone 1,104.13 1,065.13 373.86 204.58 230.40 256.29 39.00 35.41 3.59
Mileage 885.39 611.15 146>16 156.97 156.97 151.05 274.24 137.08 137.16
Independent accounting and auditing 1,403.70 769.12 167 .28 217.28 211.28 167.28 634.58 317.29 317.29
Licenses 269000 240.00 56.75 62.25 62.25 58.75 29.00 14.50 14.50
Alarm service 1,908.00 554>99 60.00 187.56 277.43 30.00 1,353,01 606.00 747.01
Cash register expense 448.68 276.80 45.95 54.94 128.42 47.49 171 .88 106.80 65.08
Office supplies 284.86 180.38 44.80 45.09 45.09 45.40 104.48 28.64 75.84
Cleaning supplies 1,052.33 143.31 11 .42 19.22 106.02 6.65 909.02 229.91 679.11
Cash ahort (over) 49.18 ( 231.60) ( 14.89) ( 146.93) ( 16.15) ( 53003) 280.78 59,95 220.83
Miscellaneous 486.62 265.88 38.68 98.82 89.69 38.69 220.74 118.94 101.80
, $174,�214.�37 $ 65,�449..0�7 $ 1�1,219.11 $ 22,824.52 $ 16,643.05 $ 14,762.39 $108,765.30 $ 45,798.07 $ 62,967.23
�
�
45
CITY OF FRIDLEY, MINNESOTA
MUNICIPAL LIQUOR DEBT SERVICE FUNDS
BALANCE SNEETS-DECEMBER 31� 1962
Principal
Combined and interest Reserve
j
ASSETS
Cash (Page 53) $ 18,381.25 $ 17,733.34 $ 647.91 "
Bank savings certificates�at cost
(Page 56) 25,000.00 25,000.00
A�ccrued interest receivable 83.33 83.33
Amount to be provided for debt
retirement 150,551.17 150,551.17
Total assets $194 015.75 $168 284.51 $ 25,731.24
� 1'�Sr^�S.Q^ "� �
LIABILITIES
Bonded indebtedness: '�
Matured interest $ 511.25 $ S1I.25
Future maturities- •
Bonds (Page 59-63) 159,000.00 159,000.00
Interest 34,504.50 8,773.26 $ 25,731.24 "
Total liabilities $194,015.75 $168,284.51 $ 25,731.24
��
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1962
Cash balance January 1, 1962 $ 17,678.71 $ 16,750.80 $ 927.91
Receipts :
'IYansfers from rlanicipal Liquor
Operating FLnd $ 25,464.00 $ 25,464.00
investment maturities (cost) 48,UUU.00 $ 48,000.00
Interest income 720.U0 720.00
Total receipts $ 74,184.00 $ 25,464.00 $ 48,120.00
Total beginning cash
and receipts $ 91,862.71 $ 42,214>80 $ 49,647 .91
I7isbursements :
Bond principal $ ll,000.00 $ 17,000.00
Bond intereat 7,438075 1,438.75
Fiscal agent service charges 42.1i 42.71
Investment purchases 49,000.00 $ 49,000.00
Total disbursements $ 73,461.46 $ 24,481.46 $ 49,000.00
Cash balance December 31, 1962 S 18,381.25 $ 17,733.34 $ 641.41
�.
46
CITY OF FRIDLEY, MINNESOTA
TIUNICIPAL LIQUOR DEBT SERVICE FUNDS
DEBT SERVICE KEQUIREMENTS
DECEMBER 31, 1962
Bond
Year Principal Interest Total
1963 $ 17,000.00 $ 6, 139.50 $ 23,739.50
1964 17,000.00 6�043.50 23,043.50
1965 17,000.00 5, 347.50 22,347.50
1966 18,000.00 4,651 .50 22,651.50
1967 18,000.00 3,907 .50 21,907.50
196tS 1Ff,000.00 3, 126.00 21,126.00
1969 18,000.00 2,344.50 20,344.50
1970 18,000.00 1, 563.00 19, 563.00
1971 18,OU0.00 781.50 18,781.50
$159,000.OU $ 34____��501►..�50 $193,504.50
47
CITY OF FRIDLEY, MINNESOTA
SEWER AND WATER UTILITIES OPERATING FUND
BALANCE SHEET - DECEMBER 31, 1962
ASSETS LIA.BILITIES, CONTRIBUTIONS AND RETAINED EARNINGS
CURRENT ASSETS CURRENT LIABILITIES
Cash (Page 53) $( �f4,882.80) Accounts payable:
Bank savings certificates, at cost (Page 56) �100,000.00 Other City funds-
Accounts receivable: 1962 Street Improvement Pro,ject Special Assessment
North Suburban Sanitary Sewer Mstrict �-2,000.00 • Construction F1ind $ 457 .86 �
Other `�C57,252019 Public nnployees Retirement Association Fund 2,016.567�
Accrued interest receivable °�.B 59.38 Other �11,734.95 X
Prepaid expenses �,934�u8 Accrued Interest on bonds payable 2,670.00
Total current assets $ 159, 162,85 Total current liabilities $ 16,879.37
FIXED ASSETS, at cost (See note below.) OTHER LIABILITY - Customers deposits �✓ 107,195.04
Land and land improvement $ ✓61,6U0,99
Buildings v 22, 702.66 RESERVE FOR RETIREMENT OF REVENUE BONDS 121,542.73
Reservoir ;./81, 723.33
Water storage tank �,,�98,674.33 CITY CONTRIBUTION IN AID OF CONSTRUCTION 1,137,401.85
Well -�21,471.00
Machinery and equipment '✓251,439.13 RETAINED EARAIINGS
Distribution systems 278,643.63 Invested in fixed assets :
Work in progress 642,000.33 Net fixed assets $1,432,107.83
Office equipment s�4,978.89 Less reserve for retire-
Total cost $1,481,234,29 ment of revenue bonds
Less accwnulated depreciation �.49,126.46 and City contribution
Net fixed assets $1,432, 107.83 in sid of construction (1,264,944.58)
$167, 163.25
Net working capital (current assets less
current liabilities) 142,283.48
Less liability for customers' deposits (107, 195.04)
Total retained earninga 202,251.69
TOTAL ASSETS $1 591,210.68..d TOTAL LIABILITIES, CONTRIBUTIONS AND RETAINED EARNINGS $1�591,270.68
Note - Z1ie City follows the practice of not recording in this fund fixed
assets paid for by asaessment against benefited propertyo
48
CITY OF FRIDLEY, MINNESOTA '
SEWER A`D WATER UTILITIES OPERATING FUND
STATEMENT OF I�VCOME AND RETAINED EARNINGS
YEAR ENDED DECEMBER 31. 1962
Combined Water Sewer
Operating revenue:
Water sales and sewer rents $232,431.55 $142,551.92 $ 89,879.63
Less discounts � 5,424.50) ( 2,712.25) � 2,712.25) �
$227,007.05 $139,839.67 $ 87,167.38
Permits 16,260.00 5, 160.00 11,100.00
Sale of materials and miscellaneous
services 3,105.04 2,461.07 637.97
Total operating revenue $246,372.09 $147,466.74 $ 98,905.35
Operating expenses:
Source of supply $ 79,556.43 $ 48,315.04 $ 31,241.39
Power and pumping 15,935.25 4,721.44 11,213.81 �
Purification 1,608.68 1,608.68
Transmission and distribution 64, 195.66 28,832.52 35,363.14
G�stomer accounting and collecting 10,362.10 6,878.09 3,484.01
Administrative and general 7, 507.59 4,398.46 3, 109.13
Depreciation 12,413.26 10, 556.3b 1,856.90
Total operating expenaes $191, 578.97 $105,310.59 $ 86,268.38
Operating income $ 54, 793.12 $ 42,156.15 $ 12,636.97 •
Other income and (expenses) :
Interest income 3,674>69
interest on bonds (18, 178.24)
Loss on trade of fixed
asset � 30.00)
Net income $ 40, 259.57
Retained earnings January 1,
1962 $303, 208.84
Adjustments:
(1) To show separately
reserve for retirement
of revenue bonds
included as part of
retained earnings at
.Tanuary 1, 1962 (135,684.84)
(2) Accrued interest on
bonds not recorded
at ,Tanuary 1, 1962 ( 5,531.88)
Retained earnings January 1,
1962 after adjustments 161,992012
�
Retained earnings December 31, 1962 $202, 251 .69
See note on balance sheet.
49
CITY OF FRIDLEY, MINNESOTA
SEWER AND WATER UTILITIES OPERATING FUND
STATEMENT OF OPERATING EXPENSES
YEAR E�IDED DECEMBER 31, 1962
Combined Water Sewer
Source of supply:
Water purchased $ 48,037.07 $ 48,037 .07
Sewer rental 31,241 .39 $ 31,241.39
Electricity 58.23 58.23
�el - heating 114.74 114.74
Insurance 10.00 70.00
Other 35.00 35.00
Total source of supply $ 19, 556.43 $ 48,315.04 $ 31,241.39
Power and pumping:
Operation and maintenance $ 9,214.63 $ 40.23 $ 9,174.40
Electricity 6,672.85 4,633044 2,039.41
Fuel - heating 30.68 30.68
Pump repairs 17 .09 17 .09
Total power and pumping $ 15,935.25 $ 4,721.44 $ 11,213.81
Purification:
Operativn and maintenance $ 43.50 $ 43.50
Printing and binding 24.76 24.76
Supplies 1, 540042 1,540.42
Total purification $ 1,608.68 $ 1,608.68
Transmission and distribution:
Labor $ 42,989.35 $ 20, 567.36 $ 22,421.99
Mileage 42.84 29.84 13.00
E.�uipment rental 9,003.36 720.00 8,283.36
Printing and binding 82.90 36.15 4b.75
Operation and maintenance of equipr.�ent 2,619.19 790.51 1,828.68
Supplies 5, 163.10 4,095.21 1,067.89
�el - equipment 962.76 561.22 401.54
Repair and maintenance of mains 490,62 490.62
Meter repairs 236.2U 236.20
Taxes 2.00 2.00
9ma11 tools 501 .83 161.43 346.40
insurance 2,095.51 1,141.98 953.53
Total transmission and
distribution $ 64, 195.66 $ 28,832,52 $ 35,363.14
Customer accounting and collecting:
Labor $ 5,401 .27 $ 3,469.73 $ 1,931.54
Postage 4�062.75 2,900.94 1, 161.81
Maintenance of equipment 318.60 153.90 164.70
Supplies 501 .88 314.44 187.44
Bank service charges 77 .10 38.58 38.52
Other .50 .50 •
Total customer accounting
and collecting $ 10,362.10 $ 6,878.09 $ 3,484.01
50
CITY OF FRIDLEY, MIP.NESOTA
SEkEK AND WATER UTILITiES OPERATI:iG FUND
STATEMEhT OF OPERATING EXPEJISES (CONTINL'ED)
YEAR EhDED DECEMBER 31, 1962
Combined Water Sewer
Administrative and general :
Labor $ 3,257 .94 $ 2,042.50 $ 1,215.44
C:onsulting fees 1,000.00 500.00 500.00
Mileage 66. 10 27.98 38.12
Printing and binding 96.60 96.60
Postage 127 .84 124.82 3.02
Supplies 81 .87 56.69 25.18
Maintenance of equipment 16.20 16.20
insurance 74.80 74.80
Dues and subscriptions 41 .39 30.00 11.39
Schools and conferences 18.00 18.00
Hospitalizatiun insurance contributiuns 331 .29 165.59 165.70
Public IInployees Retireme�it
Association contributiuns 2,220.56 1, 110.28 1, 110.28
Refunds 115.00 135.00 40.00
Total administra[ive and
general $ 7:507.59 $ 4, 398.46 $ 3,109.13
Depreciatian $ 12,413o2b $ 10, 556.36 $ 1,856.90
Total operating expenses $191, 578.97 $105,310,59 $ 86,268.38
�
51
CITY OF FRIDLEY, MINNESOTA
SEWER AND WATER UTiLITIES DEBT SERVICE FUNDS
13ALANCE StiEETS - DECEriBER 31 1962
Principal
Combined and interest Reserve
ASSETS
Cash (Page 53) $ y,615.60 $ �9,057.51 $ 558.09
Bank savings certificates, at cost (Page 56) 15,000.00 15,000.00
Accrued interest receivable 50.00 50.00
Acnount to be provided for debt retirement . �
from future revenues 184,384.40 f'184,384.40
Total assets $209,050.00 $193,441.91 $ 15,608.09 ,
�— �
LIABILITIES �
Liabilities - Bonded indebtedness (future maturities) :
Bonds (Page 59-63) $150,000.00 $150,000.00
Interest 59,050.00 43,441.91 $ 15,608.09
Total liabilities $209,050.00 $193,441 .91 $ 15,608.09
r—
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
YEAR ENDED DECEMBER 31, 1962
�
Cash balance January 1, 1962 $ 7,362.66 S 6,224.57 $ 1,138.09
Receipts :
TYansfers from Sewer and Water
Utilities Operating Fund 14,681.25 14,681.25
Interest 420.00 420.00
Investment maturities (cost) 28,000.00 28,000.00
Total beginning cash and receipts $ 50,463.91 $ 20,905.82 $ 29,558.09
Disbursements : �
Purchase of investments $ 29,000.00 $ 29,000.00
Bond principal 5,000.00 $ 5,000.00
Bond interest 6,825.00 6,825,00
Fiscal agent service charges 23.31 23.31
Total disbursements $ 40,848.31 $ 11,848.31 $ 29,000.00
Cash balance December 31, 1962 $ 9,615.60 $ 9,057.51 $ 558.09
� -� �
52
CITY OF FRIDLEY, MINNESOTA
SEWER AND WATER UTILITIES DEBT SERVICE FUNDS
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1962
Bond
Year principal Interest Total
1963 $ 5,000.00 $ 6,625.00 $ 11,625.00
1464 5,000.00 6,425.00 11,425.00
1965 5,000.00 6,225.00 11,225.00
1966 10,000.00 6,025.00 16,025.00
1967 L0,000.00 5,625.00 15,625.00
1968 10,000.00 5,175.00 15,175.00
1969 10,000.00 4,725.00 14,725.00
1970 10,000.00 4,215.00 14,275.00
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, 700.00 17,700.00
1974 15,000.00 2,025.00 17,025.00
1975 15,000.00 1,350.00 16,350.00
1976 15�000.00 675.00 15,615.00
$150,� $ 59,050.00 $209,0�50.00
CITY OF FRLDLEY r1INNESOTA 53
STATE:tENT OF CASH
DECEriBER 31, 1962
Treasurer cash:-
c;ash in banks:
Culumbia Eieights StaCe Bank, Columbia Heights,
Minnesota $211,243.93
Fidelity State Bank, Minneapolis, :li.nnesota 4,667.80
C:amden Northwestern State Bank, rtinneapolis,
Minnesota 21,715.21
Total cash in banks $237,626.94
Petty cash and change funds:
C1erk' s office $ 125.00
Municipal Caurt 25.00
Public UtiliCies Operating Fund 75.00
riinicipal Liquor Operating Fl�nd 13,L600.00
Total petty cash and chanbe funds 13,825.00
Tota1 treasurer cash $251,451.94
C;ash with fiscal agenCs:
Northwestern ivational Bank, Minneapolis, tlinnesota $ b0,341.75
American National Bank, St. Paul, Minnesota 2t33,425.00
First Clational Bank, St. Paul, Minnesota 33,U94.00
Total cash with fiscal agents 316,2360.75��
Total cash $628i 312.69
Allocation ot cash. by funds: Cash with
Treasurer fiscal
Total cash a�ents
General FLnd $(19,tt30.21) $(19,830.21)
Special revenue funds 4,884.t33 4,884.83
Park Bond Construction ELnd 20,343.6ti 20,343.6ti
Special assessment funds:
Construction ( 47,699.10) ( 41,699.10)
Debt service -
Regular (230,881.03 (234,097 .03) $ 3,216.00
Improvement Bonds of 1960 167,676.61 16,156.61 151,520.00
Improvement Bonds of 1961 308,609.14 176,704.1G 131,905.00
Sewer and Water Project �10. 13 23,93b.83 2,220.83 21, 716.00
Sewer and Water Projects Nos.
21 and 22 ( 2,022.03) ( 36,920.53) 34,898.50
Sewer and Water Proj ec t No. 4t3 263 �303.74 230,209.74 33,094.00
Other 93,802.b9 93,t�02.b9
General debt service funds 2,053.07 2,053.0T
Trust and agency funds 3,575.21 3,575.21
T�nicipal liquor funds:
Operating 17,445.21 17,445.21
Principal and Interest 17, 133.34 11,222�09 511.25
Reserve 647�91 647.91
Sewer and water utilities funds:
Operating ( 4,t382.80) ( 4,882.80)
Debt service 9,615.60 9,615.60
Total cash $628,312.69 $251,451 .94 $376,860.75
' �
CITY OF FRIDLEY, MINNESOTA
SUMMARY STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
ALL FUNDS
YEAR ENDED DECEMBER 31, 1962
'
fV'af- ��tic�ud�iv y � ��r r�e%d,',vq
Zti'ue�;�� ;�i�,,;���� R e c e i p t s D i s b u r s e m e n t s �ivaesTMe,ut�
Cash Investment Cash
balance maturities Interfund Investment Interfund balance
Fund January 1,1962 (cost) transfers Otner Total purchases transfers Other Total December 31,1962
I General Fund $(20,426.08) $ 123,936.50 $ 42,000.00 $ 049,921.16 $ 815,857.66 $ 150,000.00 $ 6,395.00 $ 658,866.79 $ 815,261.79 $(19,830.21)
Special revenue funds 17,573.88 6,395.00 26,965.35 33,360.35 15,000,00 16,328.46 14,720.94 46,049.40 4,884.83
Park Bond Construction Fund 49,888.00 150,481.00 200,375.00 174,888.00 5,143.32 180,031.32 20,343.68
Special assessment funds�
' Construction (332,869.96) 2,294, 565.50 113,773.10 )48,306.91 3,356,645.51 1,321.062.50 422,271.83 1,328,140.32 3,071,474.65 (47,699.10)
Debt service 525,924.93 1,498,295.50 575,566.00 1, 392, 778.70 3,466,640.20 2,100,000.00 180,238.81 1,087,900.37 3,368,139.18 624,G25.95
� General debt service funds 4,868,16 229.91 229.91 3,045.00 3�045.00 2,053.07
,
Trust and agency funds 204�45 25,324.67 25,324.67 21,953.91 21,953.91 3,575.21
Municipal liquor funds:
Operatfng 25,334.50 127,800.00 117,125.87 844,925.87 25,000.00 67,464.00 760,351.16 852,815.16 17,445.21
Debt service 17,678.71 48,000.00 25,464.00 720.00 74,184.00 49,000.00 24,481.46 73,481.46 18,381 .25
Sewer and water utilities funds :
Operating 4,522.17 386,680.53 386,680.53 100,000.00 85,181 .25 210,904e25 396,085,50 ( 4,882.80)
Debt service 7,362.66 28,000.00 14,681.25 _ 420.00 43,101.25 29,000.00 11,848.31 40,848.31 9,615.60
Total $250,173.4�,_2 $4,170,485.50 $177,879.35 $4�298,960.10 $9 247,324.95 $3 963.950.50 $777,879.35 $4,127,355.83 $8,869,185.68 $b28,312.69
� � � �' � � ��17� �
,
i
_. �� � 3 7 � 3 y 7, �r �-f 3� 3��16° ►��� 6a� "i�y
� � � � �� �f9��. � ► � ���oS� y�sb
.
.
CITY OF FF,Ir�..EY
TAX LEVIES BY. SCHQOL DISTRICTS
1956 - 1g62
Dis,trict 11 District 13 District 14 District 16
State 8.31
1962 County 62. 70
City � 3 6.46
School 132. 06 135.95 161.50 190.99
State 6.39
1961 County 63. 17
City 40. 02
School 135. 16 136.81 162.49 192. 06
State , b.84
1960 County 59. ?0
City 3 0. 1?
School 125. 78 134. 74 143.91 174.81
Sta.te 8. 10
1959 County 62.81
City 3 5. 1 Q
School 117.73 112. 76 173. 11 160.9?
State 5.9
1958 County 67. 10
� City 40. 07
School 10q.52 106.99 1?4. 68 154. 67
State 6. O1
1957 County 6Z93
City 31. 16
School 115.35 103.62 176. 12 162. 74
Sta.te 3.81
1956 County 59.69
City 21. 61
School 102. 78 110.81 188.68 165.27
% In- Sta.te +118. 0%
c r ea s e County +4.8%
I956- City +b8.8%
1962 School +28.6% +22. ?% -14.4% +21.6%
,
Cha.nges In
Skyline Conference School. Iaistrict I1hi11 Levies
1957 to 1961
1957 1961 Change
1. Circle Pines 223.93 243.74 +19,81
2. Brook3.yn Center 211„59
3, Mahtomedi 1b2,68 209, 15 +46.47
4, Spring Lake Park 166.74 193.74 +27. 00
5. Osseo 120. 54 179.01 +58,4?
6. St, Paul Park 126. 00 170.95 +44.95
?. Fc�rest Lake 110.32 163.61 +53.29
8, Fridiey 17?.21 162.b3 -14.5$
9. St. Francis 112,44 152.65 +43.21
Adopted from Ni.E.A, R�seaxch Circulars No. 62 and No. 88 dated December 1958
and December 1962 on Basic Financial Data..
„ E�fect Of
� The Maximum Effort School Aid La.w
On The District 14 Debt Service Levy
i96Z Debt Service Levy 38.60 mills
1951 Debt Service Levy 44.0? mills (3)
196�J Debt Service Levy 43. 78 mills (2)
195q Debt Service Levy 44. 11 mills
1958 Debt Service Levy 50.87 mills (1)
195? Debt Service Levy 64,59 mills
1956 Debt Service Levy 39.30 mills
1. Completion of Fridley Junior High 5chool and Parkview Elementa.ry School.
2, Completion of Rice Creek Elementa.ry School,
3�. Completion of the Fridley Senior High School and Riverwood Elementa.ry School.
Effect Of Further School Gonstruction On The Total School Tax Levy
Consisting 4f Debt S ervice, Capital Outlay And Maintena.nce
A. Debt Service Levy
There need be no increase if we continue to take advantage
of the provisions of the Maximum E£fort Schaol Aid Law.
This law ha.s the effect of postponing principal payments al-
iowing assessed valuation to catch up with stude nt enrol-
lment.
B. Capita.l Outlay (Building & Sites) Levy
There will be no increase in this levy. A slight reduction is possible
and probable.
C. Maintena.nce Levy
Over 80% of this levy is unrelated to school construction, teachers
salaries, textbooks, supplies, etc. Cost for operation of plant tends
to be consta.nt in terms of its relationship to the number of students
housed. Txansportatian costs will be reduced in terms of the students
housed.
D, Summary:
The soundest educationa.l and fiscal pxogram possible for District 14
would be to instruct the Board of Education to take advanta.ge of the
special legislation gertaining to this distxict passed by the 1963 le�is-
lature. Any other course of ac�ion will result in immedia.te and long
term ta.x losses to t=;e pecple of this district and severly ha.ndicap
quality inst ruction in grades K-12.
a
Y
FRIDLEY SENIOR HIGH SCHOOL
SCHOOL SURVEY
Vlale Female Tota.l
Number Gradua.ting from 12th Grade,
Spring of 1962 42 49 9I
Number Gradua.ting in 19b2 entering
Post High School Education 28 23 51
(b6%) (48.9%) (56%)=���
Number of Dxopouts, Senior High
School, Iq61 - 1962 8 12 20
(3.5%) (4,3%) (4%)��
Number Entering 12th Grade, Fall
of 1962 53 69 12Z
Total Number of Students Attending
Your Senior High Schoo2 226 272 498
�� 1 male and 2 female students re-entered in September, 1962
SCHpOL REPORTING
�=�°5� applied for admission to post high
school training,
41 applied for college admissions
Name of Person Reporting 4 nursing
6 Vbcatidnal schools (Dunwoody, Npls.
Voc. etc. )
A. The corresponding percenta.ge for al.l Anoka County schools combined was
24.9%. This included Anoka, Columbia Heights, Fridley, Spring Lake Park,
St. Francis and portions of Centennial and Forest Lake School Districts.
.
�
Achievement Test Results National
Norms - Fall 1962
Iowa Test Of Basic Skills
Number Tested Composite Percentile Rank
Grade 3 359 95
Grade 4 325 92
Grade 5 263 94
Grade 6 281 9 0
Iowa Test Of Educational Development
Grade 9'�"� 1q0 91
Grade 10 2 08 9 8
Grade 11 170 80
Grade 12m 126 96
� Tested in the Fall of i961 as qth & llth graders
DistrIct (Maximum DJfference for Homestead) Doliars of Tax per $1000.�0 of Market
Value for Fult and 7rue of 33 ��3 %
of Market. ,
11-2NA6 $159.24 Anoka Schaol System 33.�9
l3-NA 1b1 .5� ColumbIa HeJghts 34.01
14-NA 176.91 Fridley 37.42
16-6NA 194.60 Spring �ake Park 41.35
Total �on-Agrlculture Mlll Rate for Homestead and Non-Homestead In the dtfferent
School DIstrlct areas of Fridley for Taxes of I961 payable In 1962 and 1962
payable In 1963.
School l��l --- ?962 1962 --- 1963
Dlstrtct Homestead Non-Homestead Homestead �on-Homesfiead
1 )•2�A6 $244.74 $253.�6 $242.b3 $251.17
13-NA 2�5.39 2�5.51 246.52 255.06
14-NA 2]2,0] 2�1. 1� 272.0] 280.61
i6-6�A 3ot.6ta 3i0.76 301.56 310.10
Percentage of tax dollar to vartous governmental units In the vartous school dYstrJct�
�on�Homestead
NSSSD and
DIstrfct State County �Ity School Hospltal Fund
ii-2NAB 6.7 25.4 14.5 52.6 0.�
l3-NA �.6 25.0 14.3 53.3 0.�
14-NA �.0 22.7 13.0 �7.b �.7
16�6�A 5.4 20.6 ) l.� 61.6 0.6
HQMESTEAD
I1�2NAB 3.4 26.3 1�.0 54.5 0.8
13^NA 3.4 25.9 14.8 55.1 0,�
14-NA 3.0 23.5 13.4 59.4 0.7
16-6NA 2.� 21.1 12,1 63.3 �.7
IND1VlDUAL NOBJ-AGRICULTURE RA7E
Old New Old New
1�61 - 1962 19b2 - 1963 1961-1962 19&2-1963
State � Homestead 6.39 3.31 Dtst.11-2NA6 135.16 132.06
State � �on�Homestead 15,51 I6,85 Dlst.l3-NA 13b.�1 135.95
FrYdley �0,02 36.4b plst.l�-NA 162.49 161.50
Anoka County 62,70 63,82 Dfst. l6-6NA 192.06 190,99
Hospltal Fund .�7 061
�SSSa .o0 1.37
Mervin J. Herrmann
Assessor, City of Frldley
.,��
: _
THF' CITY OF �RIDI.FY
ANIWAL REPORT OF THE FINANCF DFPARTMI�"NT - 1� '�`_
The volume oP �rork processed through the �Ynaace Depart�snt iacsse►aed ,
subetantially during 1962' as it ha� ip each qear over the yesr beforea �
Fach new imp�rovement fluzd, or 'bond ainking flind eetabliahed� o� �'ter
customers added means additionel accotu►te muet be kepto in aaaitioa
mariy of the exiating ft�nds eaah year have. qreate� activity tl�n tt�
year beforeo A ].arge percentage oP the time oP people !.0 the De�� ,
ment is apent on matters relatin� to improv�nt }�rofects going _
and the liquor atoreso �ia was especially true in 1962 ae� ther sise
and nur�ber of asaessment rolla prepared wa►s unuaually largs. '
- k:;
1962 was e real estate appra38a1 y�ear� therefbre the �umbes of
appraisals made by the asseasor wes considerably greste� than in 196I.
1'he specif�.c activitiss for which the Fine:nce Department ia reep�taibls
ares .
la General Accountirig, includir�g Liquor Storea and �
6!ater Department ,
2, 3pecial Aseess�nta, inaluding computing t�ev
Aesessment Rolls, 3peci�7. Aaseaa�eant 5earche��
CertiPicstfons to the County Auditcr and Divisione
oP Special Aeses�nents
3a Real Estate and Pereonal Property Aesessing �
,g, 4'ater B321ing (including proceeeing tbe meter reladie�g)
(cards)
- 5o Voter Regietration and F�.ections
6o Licensing
7o Receive all money for City
8, �ritchboard and Receptionist Service•for City He�ll '
90 Ft�rchaae oP Derpartmenta]. Supplies
Ali assessment rolls are made up an the accounti�g machine. Co�ttral
carrls showing tatal aeseasment�s recc�ivable, and the amotu�t oP y+asr�y
c�syments receivable ar� mairatained 4'or each p�o�ect. Theae o�rda are
brought up to date each month as prepsymelnts are receiv�o ��;
We have not received #�om the County Anditors ofP3ce the totale he bes
posted to each tlmd for collection each yesro I£ ae were abls to obtain �`:;
these amouats, we then aould have a very close control of Special l�asesa—
ments Receivableo
°�;�
• ■
A comparison o£ the volume oP the different activitiea fooc� the ysnrs
1959, I96U, 2961 and 1962 ia listed belo�rs ,�
� � � �
Indivi�usl checka
proaesaed 43g3 3941 5'!I7 6�2
Individusl reeeipts
for money 13,358 13,677 18,OZ9 20�,865
Dollar Volume of a21
checks written $3,123,726a61 $4,9'13,566.T9 �?,621,871v�,6 �t,�7759�`570���
Dollar YOlvme oP all :-�
Cash Receipts �3,0?6,216a59 $4sg��s879.88 $7�693r463.69 #'J'�396�25�6.7''���
Assessments Comp�tted '
on Neu Pro3ects $ 261,?88.2? � 7�1,766.46 �1,?43:91Sox1 �2,1,78�221.'�3 ';
Number ot ..
Water Accounte 2b�9 . 3015 3387 399Q
k'ater & Sewer SsZea
billed & Connection �
ct�arges # 14g,L�.75 � 193,353.oi � i98,2cr�.3,4 # z62,362.� ,
s un�,.�n��
,
The total bonded indebteclnese oP the City of Fridley t'ar� the yesr 1962
. is as °ollows s
Bonds outstandin danuaary 1, 1962 �8,328,OOO.UO .
Iasued during 1�2 I,275�OOQ.00
Paid during 1.962 _, 66�.OQ0.00
Bonas outstanaing Deco 31, 196z �6B,938,OQ0,00
Furpoee oP issue — Bonda outstanding
Paxk Bond � I90�OOOo00
Municipa3 &tilding Revenue (Liquor) I99�000.00
�1at,er Revenne (Water 'Depart,ment) 250�OQOoOQ .�;; . �
Special Aesessment (T�nporary 1j111�f000.Qd � �
Special Asseasment (Permanent� �� �
. ,�OOO.OG �
�
� .
.
SCHEDIILE OF BONDS OUTSTANAING
(Inc2ucles s11 bonds issued through L�ecember 31� 1962)
C�n, Obligation Spec. Aeaessa BonBs spec. Asaes$o Bortd� Revenue Honds TOTAIS
Bo�a Permane�nt Temopoarary 2 yenr
Y� Frin Int Pyc�i.n� Int Prin Fr c In � ino Int To
��63 � - $ 7,95�0 # 3�4,OOOo � 308,848.75 � 28,4,000. #54,�Oo � 22,00�. $�13,3G4• 690,f�00.$ 3�4,363.2 �1,0?4,363025
7C96/a 5�000, 1►�'7250 5���e 2?3,295000 830�000, 41s'�Q 22�ODOe �12�,y�68o 1�383�000. 331,988, 1�7].t��9�o50
I965 10�000a 4�500. 546�00�. . 252,352.50 22�000. 11�5720 5?S�O�Oa 2b8�425. �346,425000
19b6 � 15�OOOo 4rL�.^�jo 539��OQe 231�302.9D 28�DOOo 10�6760 582�000 ?.1�6�101,0 828�104.00
I967 15i00Qo 3�6750 539��o z10:342a5� 28�OOOo 9�5320 582,000 223,5500 �05,550.�0
1968 �.5,000. 3,�25. 5�.9,OOA. 1�9,�5.00 28,OOQe 8,30�.0 562,Ot� 201,2�2. ?G3,z].Z o 00
1969 15,�00. 2�775a �►89,000, 169,b82e90 28�000, 7�t)69e 532,000 1'�'9,5270 711,�2?000
2970 15,000. 2,2950 ,�89,000., 190,060.00 28,000� 5,8380 532,000 158,193. 690,193000
1971 20�000. i�700. 509��0. 129�89'7.50 2��OOOe �isG06. 5�"7�OOf1 136��01.. 69�s2�4o00
197x 20��0� 1�02I90 5�14�OOOo 109*?A2.50 lS�OC�o 3,3750 549,000 113,59?0 662�59?050
1973 20�000, 3�0 4G4,OOOo 89,432.50 15�DODo 2,7�OOo. d�99,fl00 92s472o 591,4?2e90
7.9?4 342,�0 73,�5.00 15,000. 2,023. 35?,000 7'S,110. d'�t,110o00
19?5 �t0�00�e 99�777.5� 15�OOOo 1�350. 325f�Q b1�2270 3�b�12'Yo50
$� �,�o k?�51?0 50 13,OElD. 67So 255,0�0 1�8,192. 303,1920 50
� 36�4'1'�0.00 190�000 36�9�Oo 226�9'�000
1978 185,000. 29,035000 185,000 24,0350 214,035000
1979 190�OOQ9 21�1t10a00 19��000 2'1�100. 21].,100,00
z9� i7S,0000 13,375.ob - �75,00o i3,3?5e 1�8,375000
19�'►1. �133�000, b�165o00 1��i000 G�lbS• L�,,165Q00
1� ,
9Q�OOOo �36,330. �'f,365.,000�. ��ti'1,7"46.2� �'1,114,U00. �95��100. �309jt104, #Q3,3�4: ,9��OOC 6�6,3�0.�3 ,�6b,380.7'S
� �
, . .•
4 .:.. .._i.� . � ,:.�w. . � . :. . . . � .. . .. .
. .
1��iERE TFJE CIT'Y 0� FRTDLE'3f�S SHARE OF THE TAR,�,�30�
� � �
..._...,,�, —
4 �
` ` � ���
z7o7� 240� 180�9� 23.].� 19oi�
' ,.�� xenera2 1?0896 GeneTal Po2ioe Genera]. Police
, Go�.rernmsn� Police ermnent • erm�ent
05 6.9�
0296 Fire F!r°
Fire •�''
5° '� 12 0 3� o �e 2� Other 11.2� �th+er A�tb...
P8''k Q�ther Parks Puhli� Parks 27a/�6
.�'` Ptiblia 270?� r 4.6 A�b].io
' 24"6� t.�rs Works -
blic Worka Pe Publio �
� Works i
Z� . o
Debt Svco Debt 3vco
4•�
�o � Ffre Rsl.ief 8e Retire�ment
_ Fi•e Relief &
Re��:irement _
The above charts shox the �ercrentage of the ts�c dollar spent f'aa� tt�s ditler�nt
activitfeso This chart show� oi�ly the divisio�n of that part of the tsx do]1s�r rs�eiv_
by the City of k�idleryra
The aatual sxpenditures for the difY'erent activities are liated bela�+:
General Government # 85,4� � 95, 38 5e5� �123,0�
Poliee 54�g32e81 ?�0�925e27 101,�31o6k
- Fire 19,129,38 25,602.].� 36,585.55
other Rtb2ic SafetY 3g��bL►o14 32,065039 4Qs7��24
Pubiic works 75,9I?e91 108,729051 145,660.44
Debt service 3,185.75 3,095.75 —
Retirement & FSre Rslief IL,,,660020 18,�11.e34. 24�325�75
Parks & Recreation +� '�
�30 ,� 39z,959o48 531,9470�
� City Mill Rate �ol? Mills 40002 Mills 3601�6 l�i].,ls
. � Does r�ot include expendituree oP Joint Rer.rPation Boerd,
�i�;�
- �y
r S
� . . . . .. � � �
�
� SOURCF OF RFVENtTE F'O�R TNF GI'�'X OF FR2DLEY P+OR GETF.RAL GOVF�tl�l�,'TAL `'
PURPQSF.S BY AOLI,AR AMOUNT '�
���
� �
Rsal �. Personal Property Teaces �5��004 �350,218�03 -
. Lic�asea & Permits 58,867„08 54,�•g5
TranaPers In fyrom Liquor Stor� 31,If10o00 l�2,C)00.00
Fiaea � 12,901�82 22,376030 ,
Cigarette, Liquor, Mortgage Rego taz �
�c 3t.ate Aid l�nda 6I,43�a3g 68,2�2e6l, ':
Other Fee� dc Chargee ,y'�
8,8?Oa96 ,?S2o?�
DISTE��AUTION OF T�iE__�_,_TOTA�,L TAX� �
. ' . � .�'���.:4
i`�.T4� ?�..� �� ?�.�&
��
53 0 2� 53�5� 57�8� (��:,�',` �
Schovle Schoola sehoola �d�o�al.s � `
I�aB� 15� � _'
?� 1402� ,� 22al� .
w''i
�r ��7� City ?1,,05� Ci�y 22a3 Cit�i 2�:
�� Cowity ��� Cout,t,� 0 5 C�aty t�► t �;
�
�
�, Q � ..
�oep..urt Hosps�r.a.� Noapital. ,� ,
S�hoo�. Distp All S�choo2 Ai�t. A13 Sehaol 1?iat� i�14 �3q�1 �:st. �].6
_ti `. `_
�`�--T� ��i �2 T!� . : �X ,�.�
, _
G � � f
52:,6� 53.4� 5?�696 • 6ie+�
Sahoc�ls SQhools Schoola �' 3chov�l,s �
.�,3 �
�
��57�" I4 0 3� �'`"'----_ I3 009� �.l��
Cft� 25a$4 City 2500� City 22e Q . � .:;
Coumty Cow�ty Cotmt� �_ `:,,
s .,07 . �o ;>�-.
.,b $e� ;:
,5 0 5 ;�.
.aritJ p,� .. ,e
`___�� � 137J N D n�nu o2� � � NS3SD . � i�fg8� ��.,,�,�,..��• � �. _H�
_�002 Di.st� �f11 S�,hoal Diats �3.3 Sohaoi Di.st. j�' Q���� • �
� . 1/+�{ . �Vi����`�1iw�. ��.....
The ebove charts ahoti► what per�entnRa of the total taxes paid b� ind���l� ,�d .
bu�ai.ttesa� on real arnt peraw�al propert� goes to the difPereat polftical s�lbdi�ri�te�e, �:?
;�;
_-,�.,�,.: .� .; . �.._ ,
*�:.
� � - , • - � � � � � � :'�
�
.-�
� � � � �� �� �� ��
�
E[��,��Fr�r ._,�,cI� - k
��
A t,atal oP 76 separate itiinds v� seta ot books vsTe a�intai.nt�l.l�p► tbd'•'Cf.t�r dmr_ ��
the y�ar a� 1962; a� 3r�creaae of 22 avar 1961, ?A over� 19�6� aad 60 aaeaP 19�. ,Of t�rai ���
7b uwds3 bQ were apecial aseeesment flmde set up to acc�qnt tor reoiipt� ll�d i��b�tse+s�. �
m�nta of e cial r"'
P8 impTOVe�ent p�o�mcteo It is sppsrenti i�'�c�a L6e s1a�n+e �be�r p:P'it�r �_
ft�nds,� that consideration ahoulcl be �giveA to 8�ou►piaa6 sezeqral e�str�� a�'� ,;;
for ne�►. �anp�ov�enta i�to one ainking aacaunt vbere�r Pasq►lhle 1w► t�tt �kte �f�- _-�
atratiire cast of` amait�t�fnin� e�.l. theee a�-;;�te ttmds dos�s �ot 1'�1r±�ao� ����. `
�_�
�I4TER�,FST�,ARN�D
k tote� o f �58,382 0 2]. �� sar�ed dta tbs
q� � �' i.m►��r ttr�4�'ai�:ly'.id�s
�1111E�8 �tI IIo�a is"9AM11'� B�.ZSo �]ZS C0�'H$ H�ti�1 �Q<j�1o�3 �1'�• 'x
,`�
A total oP �L,1,608,29 t� e+nrned bp► the Ae�lar 9psaial Ptn� b�' �nrsst►ii� id,��; �
flz�8a in temporar� bonds of othar Spscsial �sa�as�se�ot I+bpd�e 'Tt�.ts q�t��� t�it�i '�
$30�225o0Q it� 19610 �
k�
SQURC�� OF R�'VENOE FOR TR CI OF FRIDL F�t �
1961 � . 296�
. ,,,
�;
58.b7� b2o4S'� . ��
Real and Peraaaal Propsrty Rss2 a�d P�rsap�.T: Arog�+e��� ` �
Tazes �la�os�1
�
s
,,
fi
L' � ,
�F�.rie83o1� �. � ' ��«
90 3�
1400� 2b4 7e4 Liaensaa 20 � .
Lice�sea & sgo Trs�, Pearmita i64, 74 .
Permits a34• t�crna� f,q., lf�o
rto,Re81� iqv Stora ta, �8�, � ��
tats AiB. �c State Aid 8t�e �
• P
. `' ���5 . �• . . ;i'.'.
�. . . ��.o ��8 . .
. �. � ' � . � . � .
. . � . . . _ . �� �0•� . .. � .. �
� �
��
Th� above aharta ahov the somrce o Y ell revspue fi�r the Cit� ot !'�lleg ,
for al.l re�uZar gav�enta� activi^tteea . -
, � ��
�
. •�� ��L�
,.��
�
� , ��
_ .�.,�-_,�,
�
. ;
� e,- e . � .� � . � � .�"r4
����ed below is a comparison o� the assessec] values oP I�r381syo �
1951. � 1,Og8,82/� .
� 1952 1,2Z4,l.56 j
1953 1,35g,57'8 �
1954 1,8,t,��,,,601 � , .
1955 2,161,413
3:956 � 2,8'75,3S8
1957 3,367,634
1958 4,166,815 .
1959 5,657,].7'2
1960 8,291,79b
1961 6,893,742
1962 11�171�960 :
'�he assesaea valuea of e�e other oo�nrmnnitie�l tb�r 1958� 1999, 1'�� 1+9� � 1962 '�
are as follor�rs s
12�� 335� l� Z� ,�
Anoka �3�51g�b27 $3�626�062 '�1,�030:989 �4�2'96!&1� ' # .'.��''*3��
Columbia Heights 4,609►229 5,113,732 6,489,661 6,87'7�,b�3 �}7"5;,44� .
Cooa Rapids 3,092�515 3,358,179 �,869,143 5,'l�f►s494 ?,r�s :
Sp�ing Lake Parh 6/�5,8gG 732�157 896�t188 983,3'S6 � 1����
Brooklyn Center 6,730,065 ?�939�316 9,371,923 9�'�47:?� ���7�
Cry�ta]. b:9I6,371 9,599,9?3 8,746,3�3 9,4'�"8,87� � ��+�`r�i�'
Robbfrteasle 6,329,550 6,3l�2,469 6,786,�37' b�8��,�1 ?�i9�i
New Br�ghton 2�608,476 2,925,256 3,4?9,230 3�9C9�3�3 ds?���
Blaine 2s422�,968 ��3�'9�'�.
I�ialer�► 4,166,8].5 5,e�7',17z 8,29�.,'796 8,893,'Xi� �,�'1�.,!9�? ` ,��
�
(Note that I�i.aley hae the higheat va7.uation in Anoka Camt�i.)
The mwnicipal Mill rats of some neighboring oo�amit3es oo�epsr� as fb�tl�s� ��`
,�$
�$.. � ,� Z,�, ` � -<
��ai�► bovar r�.uis 35.io.r�sY.�� 3o.i7 i�sua �002 �.� �6.,�6 ��a.s � ;
Anoka �1e48 " 41obg " 4?05 " l,8.lx4 " � .+6"�„57' '� '
Colwnbia Height� 58063 " ?1.42 " 69e11 " 67.'.�9 '� � b�.t1� " .L:
Coon Rapi�a 36ob5 " 4�e42 " 41.53 " �li3.63 " +�dD�,�pQ "
��'ing I,ake Pe,rk ?A.09 " 2?e57 " OOa00 n 14.�5 " 19�b� n
Brooklyn Center 52°05 " A.00 K ,y8.26 " 48.�4 " �E"!!.,�
��`3►a� 44ek0 " yl�.28 " 42.3t� " 4+�r•�i " 4�►.� * .
Robbinsdale 50030 " 5ze86 „ 5a.88 n 47►.32 " 4��4�� � "
New Brighton 19.00 " ?l�0?9 " 22.66 " ��.08 � 31.5'S *
Blaine 30.I$ +� ;,,3tf�.+�3 * ��
Average Mill Rate . �
of above ..
Municigalities L��,3a Milla l�3e22 Mille 39.3� Milla �2.07 lulls l,1.� �*
,f
Note: In 1962 the mill rate for the Cit? o�' F�rfdley �ras 2.QS sil��-ma�qr t,�e a�+e ��
averagea For 1962 the mill rats t+ar the City oP Fridle�► is 5.10�x�e �de� 1� �
above listed avera,gea .,,�
„
: :- �
��
A�,..; -
i
_� J J
CITY OF FRIDLEY, T;INP'ESQTA
STATEMEI:T OF UI�IT�D STF.TES GOVEI:NA'�E.;T SEGliKITIES
PLACc.D I:: ESGHUW BY DEPOSI TOKY SA`.vhS FOR
T.iE SAFE�tiAKDivG OF CIrY FUNDS
DECEMBER 31, 1962
Face
amount of
Depository bank Escrow bank securities
Canden Northwestern State Bank, Northwestern :lational Bank $1, 2U0, 000.00
Tlinrieapolis, Minnes�ta I�linneap�lis, �linnesota
Fidelity Bank and Trust Cur��;any, Federal keserve Bank, 320,000.00
i�lint�eapolis, Plinnesota �iinneapulis, Min�iesota
Culumbia ��eights State Bank, I�larquette :Vatior,al Bank 168, OU0.00
rlinnaapolis, rlinnesuta hlinneapolis, MinnesoCa
Additiocal covera�;e of $1U, 000 is pruvided at each depository bank
by the tederal TX:�>�sit Itisurance Curporation.
�b �
CITY OF FRIULEY, MINNESOTA
I�VESTtIEivT IN BANK SAVINGS CERTIFICATES
DECEriBER 31, 1962
Interest Due
rate date Amount
General Ilind 3.50% 1/9/63 $ 75,000.00
4.00 3/29/63 75,000.00
Total General �nd $_ 150,000.00
Special Improvement Revolving rLnd 3.75 7/10/63 $_ 15,000.00
Park Bond Construction �nd 3.50 5/15/63 $ 100,000.00
3.15 7/10/63 15,000.00
4.00 11/29/63 10,000.00
$_ 125,000.00
Special assessment construction funds:
Regular 4,00 11/29/63 $ 5,000.00
Water Project No. 34 3.25 5/8/63 $ 100,000.00
3.50 S/29/63 50,000.00
4.U0 I1/29/63 45,000.00
Total i�ater Proj ec t No. 34 $ Z95,000.00
Sewer and Water Project Pdo. 4t3 3.00 2/28/63 $_ 100,000.00
1960 Street Improvement Project 3.50 4/10/63 $ 25,000.00
Total speciaZ assesSmet�C construction funds $_ 32�OOQ.00
Special assessnent debt service funds :
Kegular 3.50 1/9/63 $ 100,000.00
3.50 4/10/b3 100,000.00
3. 15 7/LO/63 70,000.00
Total Regular $ 270,000.00
Improvement Bonds of 1960 3.50 4/10/63 $ 60,000.00
4,00 10/2t�/b3 50,000.00
4,00 11/ts/63 50,000.00
$_ 160,000.00
Improvement Bonds of 1961 3.15 7/17/63 $_ 50,000,00
Sewer and Glater Project No. 13 3.50 4/10/63 $_ 15,000.00
Total speciai assessment debt service funds $_ 495,000.00
2�nicipal Liquor Operating �nd 3.)S 7/10/63 $ 25,000.00
IVk�nicipal Liquor Debt Service Reserve �Lnd 4.00 11./24/63 $_ 25,Q00.00
Sewer and Water Utilities Operating F1�nd 3.75 7/1�/63 $ 50,000.00
4e00 12/27/63 50,000.00
Total Sewer and Water Utilities Operating bL nd $_ 100,000.00
Sewer and Water Debt Service Reserve Fund 4.00 11/29/63 $ 15,000.00
Total Investment in Bank Savings Certificates-all funds $1,275,000.00
57
CITY OF FRIDLEY, MINNESOTA
INVESTMENT IN CITY OF FRIDLEY TEMPORARY BONDS
DECEMBER 31, 1962
Interest Maturity
rate date Amount
Owned bv ReQular Special Assessment
Construction FLnd
Issued by Storm Sewer Project No. 49 5.00% 8/15/63 $ 21,000.00
Owned bv ReQUlar Special Assessment
Debt Service F1ind
Issued by:
Sanitary Sewer, Sturm Sewer and
Sewer and Water Project No.58 5.00% 12/1/64 $ 85,000.00
Sewer and Water Project No. 29 5.00 9/30/62 50,000.00
Sewer and t�fater Project No. 34 5.00 10/1/64 400,000.00
Sewer and Water Project ivo. 44 5.00 3/31/63 4,OOQ,00
Sewer and Water Project No. 47 5.00 4/15/63 6,000.00
Sewer and Water Project [�10. 50 5.00 12/15/63 20,000.00
Sewer and Water Project No, 55 5.00 lU/1/64 85,000.00
Storm Sewer Project No. 51 5.00 12/15/63 7,000>00
Stonn Sewer Project No. 52 5.00 12/15/63 16,000.00
1961 Street Improvement Project 5.00 t�/15/63 160,000.00
1962 Street Improvecnent Project 5.00 10/1/64 260,000.00
Total $1,093,000.00
Total investment in City of Fridley
Temporary Bonds $1, 114,000.00
58
CITY OF FRIDLEY, MINNESOTA
� STATEMENT OF GENERAL FIXED ASS�TS
DECF.MBER 31, 1962
Land and improvements $ 56 812.03 '�
,
Bu il dings 94, 114.74✓ o�
� /� � r�.= :�+s..
F."�, ` t
Improvements other than buil dings 7,947,407.65 �� . r..�� W-�°-�
„,,:.c: ��.,����
Furniture and fixtures 30,867.42 :
rSachinery and equipment 126,809,01'ti�
Tota1 generaL fixed assets $8,256,010.85
General fixed assets were carried at cost e:ccept that fixed
assets for which cost informatiun was not available were
price�i at appraised values.
:9
CITY OF FRIDLEY, MINNESOTA
BONDS PAYABLE-ALL FUNDS
DECEMBER 31, 1962
I1ete Maturity Interest Principal
of issue date rate amount
Special Assessment Debt Service Funds
Regular.- .
Sewer Improvement Bonds maturing:
$4,000.00 per year 5/1/54 S/1/63-64 2.75% $ 8,000.00
$4,000.00 per year 5/I/54 5/1/65-73 3.00 36,000.00
May 1, 1974 5/1/54 5/1/74 3.00 2,000.00
Water and Sewer Improvement
Bonds of 1954 maturing:
February 1, 1963 8/1/54 2/1/63 3.50 10,000.00
August 1, 1963 8/1/54 8/I/63 4.00 10,000.00
$15,OU0.00 per year 8/1/54 8/1/64-70 3.SQ 105,000.00
$15,000.00 per year 8/1/54 8/1/64-70 4.00 105,000.00
$20,000.00 per year 8/1/54 8/1/71-74 3.50 80,000.00
$20,U00,00 per year 8/1/54 8/1/71-74 4.00 80,000.00
Storm Sewer Improvement Bonds
maturing $22,000.00 per year 11/1/54 11/1/63-65 3.50 66,000.00
Water and Sewer Improvement ,
Bc�nds maturing:
November 1, 1963 11/1/54 11/1/63 3.50 L0�000.00
$15,000,00 per year 11/1/54 11/1/64-67 3.50 60,000.00
$15,000.00 per year 11/1/54 11/1/68-70 4.00 45,000.00
$20,0OO.OU per year 11/1/54 11/1/71-74 4.00 80,000.00
�
Water and Sewer Improvement
Bonds maturing:
$IO,OOa,00 per year 5/I/55 Z/L/63-64 3.60 Z0,000.00
$L0,000.00 per year 5/1/55 8/1/63-64 3.60 20,000.00
$15,000.00 per year 5/1/55 2/1/65-71 3.60 105,000.00
$15,000.00 per year 5/1/55 8/1/65-71 3060 LOS,000.00
$20,000,00 per year 5/1/55 2/1/72-75 3.60 80�000.00
$20,000.00 per year 5/1/55 2/1/72-75 3.60 80,000.00
General Obligation Improvement
Bonds maturing:
$L0,000,00 per year 10/1/55 2/1/63-65 3.60 30,000.00
$10,000.00 per year 10/1/55 8/1/63-65 3.60 30,000.00
$15,000.00 per year 10/1/55 2/1/66-72 3.60 105,000,00
$15,000.00 per year 10/1/55 8/1/66-72 3.60 105,000.00
$20,000.00 per year 10/1/55 2/1/73-75 3.60 60,000.00
$20,000.00 per year LO/1/55 8/1/73-75 3.6U 60,000.00
60
CITY OF FRIDLEY, MIN�ESOTA
BONDS PAYA3LE-ALL FU:VDS (COi�TINUED)
� DECEI.BER 31, 1962
Date Maturity Interest Principal
of issue date rate amount
SRecial Assessment Debt Service �Lnds
continued)
Regular (continued) :-
Improvement Bonds r�aturing:
August 1, 1963 8/1/56 8/1/63 4.00% S 40,000.00
$30,OU0.00 per year 8/1/56 8/1/64-65 4.50 60,000.00
$35,000.00 per year 8/1/56 8/1/66-70 4050 175,000.00
$30,OOU.UO per year 8/1/56 8/1/71-74 4075 120,000,00
August 1, 1975 8/1/56 8/1/75 4.75 50,OU0.00
August 1, 1976 8/1/56 8/1/76 4.75 55,000.00
Total Regular Special Assessment Debt Service Fund $1 997,000.00
Ir.iprovement Bonds of 1960
ma turittg;
January 1, 1963 10/1/60 1/1/63 4.5 $ 118,000.00
January 1, 1964 lU/1/60 1/1/64 4.5 75,000.00
January 1, 1965 lU/1/6U 1/1/65 4. 5 80,000.00
$80, OOU.00 per year 10/1/6U 1/1/66-68 4.0 240,000.00
January 1, 1969 10/L/6U 1/1/69 4.0 75,000.00
January 1, 1970 10/1/60 1/1/70 4�0 80,000.00
$80,000.00 per year 10/1/60 1/1/I1-73 4.1 240,000.00
January 1, 1914 10/1/6U 1/1/74 4.1 75,000.00 -
$80,000.00 per year 10/1/60 1/1/75-78 4.1 320,000.00
January l, 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 70,000.00
January l, 1983 LU/1/60 1/1/82 4.1 75,000.00
Total improvement Bonds of 1960 Special Assessment
Debt Service rLnd $1 603,000.00
Improvement Bonds of 1961
maturing: .
February 1, 1963 5/1/61 2/1/63 4.0 $ 100,000.00
$110,OOU.00 per year 5/1/61 2/1/64-67 400 440,000.00
$95,000.00 per year S/1/61 2/1/68-11 4.0 380,000.00
February 1, 1972 5/1/61 2/1/72 4e1 95,000.00
February 1, 1973 5/1/61 2/1/73 4.1 40,000.00
$40,000.00 per year 5/1/61 2/1/74-75 4.2 80,000.00
$50,U00.00 per year 5/1/61 2/1/76-78 4.2 150,OOO.UO
February 1, 1979 S/1/61 2/i/79 4.2 55,000.00
$60,OOU.UO per year 5/1/61 2/1/80-81 4•2 120,000.00
Total Improvement Bonds of 1961 Special Assessment
Debt Service Ftind $1,460,000.00
61
CITY 0�' FRIDLEY, P:Ii�i�ESOTA
BOPtDS PAYABLE-ALL FJI�DS (CQNTINUED)
DECt:IriBEK 31, 1962
Ilate Maturity Interest Principal
of issue date rate amount
S�ecial Assessment Debt Service Flinds
(coiitinued)
Lzprovement Bonds of 1962 :-
lst series maturin�: *
$40,OOU.00 per year 5/1/62 2/1/64-67 3.10 $ 160,000.00
February 1, 1968 5/1/62 2/1/68 3.10 35,000.00
February 1, 1969 S/1/62 2/1/69 3.10 10,000.00
February 1, 1970 S/1/62 2/1/70 3.SU 5,000.00
February l, 1971 �/1/62 2/1/71 3.50 10,000.00
February 1, 1972 S/1/62 2/1/72 3.50 5,000,00
February 1, I973 5/1/62 2/I/73 3.50 10,000.00
February 1, 1974 5/1/62 2/1/74 3.80 5,000,00
February 1, 1975 5/1/62 2/1/75 3.80 10,000.00
February 1, 1976 5/1/62 2/1/76 3.80 5,000.00
February 1, 1977 5/1/62 2/1/77 3.SU 10,000.00
February 1, 1978 5/1/62 2/1/78 3.80 5,000.00
February 1, 1979 5/1/62 2/1/79 3.80 10,000.00
$5,000.00 per year S/1/62 2/1/80-82 3.80 15,000.00
*Plus additional interest at the rate of two per cent per annum on all bunds for the
period August 1, 1962 to F'ebruary 1, 1963.
Temporary Bonds-1961
Street Improvement 8/15/61 8/15/63 5.00 - 160,000.00
Total Improvement Bonds of 1962 Special Assessment Debt
Service �nd $ 455,000.00
Saciitary Sewer, Storm Sewer and
Water Project No.5tS 12/1/62 12/1/64 5.00 $ 85,OOO.QO
Sewer and Water Project No. 13
Improvement Bonds maturing:
$15, 000.00 per year 1/1/59 1/1/63-69 4.00 $ 105,000.00
January 1, 1970 1/1/59 1/1/70 4.20 15,000.00
$2U,ODU.00 per year 1/1/59 1/1/71-79 4.2U 180,000.00
Total Sewer and Water Project No. 13 Special Assessment
Debt Service F�nd $ 300,000.00
Sewer and Water Projects Nos. 21 and 22
ir.�provement Bonds maturing:
December 15, 1963 12/15/59 12/15/63 4.30 $ 15,000.00
December 15, 1964 12/15/59 12/LS/64 4.3U 25,000.00
$30,U00.00 per year 12/15/59 12/15/65-69 4.30 150,000.00
$3Q,000.00 per year 12/15/59 12/15/70-80 4.50 330,000.00
Total Sewer and Water Projects Nos. 21 and 22 Special
Assessment Debt Service Fund $ 520,OQ0.00
62
CITY OF FRIDLEY, MINNESOTA
BOidDS PAYA3LE-ALL FUNDS (CONTI:dUED)
DECEMBEx 31, 1962
Uate PSaturity Interest Principal
of issue ciate rate ar.iount
Special Assessr,ient Debt Service Fl�nds
(continued)
Water Pioject No. 34-
Temporary Bunds 10/1/62 10/1/64 5.00 ✓ $ 400,000.00
Sewer and Water Project No. 44-
Temporary Bonds 3/31/61 3/31/63 �.00 $ 4,000.00
Sewer and Water Project No. 47-
Temporary Bonds 4/1�/61 4/15/63 5.00 —'$ 6,000.00
Sewer and Water Project No. 48-
I�npro�ernent Bon�s mat�.:rinb:
$12U,UU0.00 per year 10/1/61 1/1/�4-68 4.0 $ 600,000.00
$120,000.00 per year lU/1/61 1/1/6)-72 4.1 480,000.00
January 1, 1973 10/1/61 1/1/73 4. 1 110,000.00
Total Sewer and Water Project Nu. 48 $1, 190,000.00
Sewer and Water Pro j ec t f10. SO-
, Temporary Bonds 12/LS/61 12/15/63 5.00 - $ 20,000.00
Sewer and Water Project No. 55-
Temporary Bonds 10/1/62 IU/1/64 5.00 �-- $ 85,000.00
Storm Sewer Project No. 49-
Tem�orary Bonds 8/15/61 8/15163 5.00 ��` $ 21,000.00
Storm Sewer Project No. 51-
Temporary Bonds 12/15/61 12/15/63 5.00 ` ` $ 7,000.00
Storm Sewer Project No. 52-
Temporary Bonds 12/15/61 12/15/63 5.00 $ 16,000.00
19G2 Street Improvement Project-
Tem�orary bonds 10/1/62 lUJl/64 5.00 '� $_260,000.00
Total Specia2 Assessment Debt Service Funds $8,429,U00.QO
�
63
CITY OF FRIDLEY, ML�iNESOTA
BONDS PAYABLE-ALL FUNDS (CONTINUED)
DECEMBER 31, 1962
D�te Maturity Interest Principal
of issue date rate amount
General Debt Service F1�nds
Park Bonds of 1962 maturing: *
February l, 1964 5/L/62 2/1/64 3.OU% $ 5,000.00
February L, 1965 5/1/62 Z/1/65 3.00 10,000.00
$15,000.00 per year 5/1/62 2/1/66-69 3.00 60,0OO.OU
February 1, 1970 5/1/62 2/1/70 3.40 15,000.00
$20,000.00 per year 5/1/62 2/1/71-73 3.40 60,000.00
Total General Debt Service Flinds $ 150,OOU.00
*Plus additional interest at the rate of two per cent per annum on all bonds for the
period June 7, 19b2 to February 1, 1963.
Municipal Liquor Debt Service Flxnd
�Principal and Interest)
Municipal Building Revenue Boncis
maturing:
$15,000.00 per year 9/1/56 9/1/63-66 4.00 $ 60,000.00
$15,000.00 per year 9/1/56 9/1/67-71 4.25 75,OU0.00
$2,000.00 per year 12/L/57 9/1/63-65 4.80 6,OOOa00
$3,000.00 per year 12/1/57 9/1/66-71 4.80 18,000.00
Total M,inicipal Liquor Debt Service fl�nd $ 159,000.00
Public Utilities Debt Service �nd
(Principal and Interest)
Water and Sewer Revenue Bonds
maturing:
$5,000.00 per year 9/1/56 9/1/63-65 4.00 $ 15,000.00
September 2, 1966 9/1/56 9/1/bb 4.00 10,000,00
$10,000.00 per year 9/1/56 9/1/61-71 4.50 50,000.00
$15,000.00 per year 9/1/56 9/1/72-76 4.50 75,000.00
Total Public Utilities Debt Service Fund $ 150,OOO.UO
Total Bonds Payable-a11 funds $8,888,000.00
64
CIT'�' OF FRIDLEY, t•IINNESOTA
DEBT SEKVI�E RE UIREMENTS - ALL rUNDS
DECEi�IBgK 31, 1962
Bon d
Year rinci ai Interest
Total
1963 $ 640,UOO.UO $ 383, 113.25 $ 1,023.113.25
1964 1, 3tS3,000.00 331,988.SO i, 114,9tstf.5U
1965 578,000.00 26t3,425.00 ti46,425.00
1966 5�2,000.00 246,104.00 828, 104.00
1967 582,000.00 223,550.00 ti05,550.00
196ti 562,000.00 201,211 .00 763, 211.00
1969 532�000,00 179, 527.QU 111,527.00
1970 532,OOO.UO 158, 193.00 690, 193.00
1971 557,OOU.OQ 136, 204.U0 693,204.00
19�Z 549,OOO.UO 113, 597 .50 662, 597.50
1973 499,000.00 92,472.50 591�472.50
1974 357, OOU.OU 75, 110.00 432, 110.00
1975 325,0OO.OG 61, 127.50 386, 127 .50
197b 255,00(J.O� 48, 192.50 303, 192.50
lg�� 190,UOO.UO 36,970.00 226,970.U0
1y78 185,000.00 29,035.00 214,035.00
ly7y 190,000.00 21, 1GG.00 211, 100.00
1980 175,000.00 13, 375.00 188, 375.00
Z9S� 135,000.00 6, 165.OU 141, L65.00
1982 _ 8U.000.00 11Ei7G.U0 81,670�00
$ti,888,Ou0.00 $2j�627, 13u.75 $11, 515, 130.75
65
CITY OF F`KIDLE�'� ,�tI:��E�O�iA
ASSESSED VALL`ATIONS� TAX LEVIE� A.�D ,�tILL �1TES
(s'r��wn b�_year u1 Cax co11�:cCibility)
1960 1961 19b2 1963
Assessed valuations :
lteal estate �4,6U7, 350.OU $6, 118, 191 .U0 $6, 143,312.00 $ $,879, 133.00
Personal pro��erty 1�7�U 623,JU 2�i1316U5�UO 2� 1�C-143t;.uU 2, 292,827 .UO
Total $6, 3�7,'�73,00 $8i291, 7�6.UU $8;893, 742.00 $11, 171,960.00
Tax levies :
::;eneral Fund $ 189,892.UU $ 226,654.00 $ 334,818.00 $ 365, 589.OU
Yublic �nployees Retire-
ment AssociaCion Fund 6, 515.00 10, 004.OU 12,2$2.00 14,050.00
Fire�nen' s kelief Assocla-
tzon Fund 5,858.00 10,366.OU 8,894,OU 11,172.00
Gc�neral debt service f�inds 3�343.OU 31158.U0 ` 16, 532.OU
Total $ 205, 00�.00 $ 250, 182.U0 $ 355,994�00 $ 407t343.00
."iil l rates :
Gecxeral Fund 32.42 27 .33 37 .64 32.72
Pubiic �inployees Retire-
ment r�ssociati�n lund 1 .11 1 .21 1 .38 1 .26
Fire�eri' s Kelief Assucia-
rion rund 1 .00 1925 1.00 l000
t;eneral debt service fun3s . �1 .38 1 .48
Total 35.10 3U.17 40.U2 36.46
66
CITY OF FRIDLEY. MINNESOTA
INSURANI:E COVERAGE
DECEMBER 31, 1962
rlajor insurance coverage at December 31, 1962 is sunmiarized below.
Fire and extended coverabe :-
City Eiall :
Building $ 76,000.00
Contents 35,000.00
Pump Houses :
Buil ding 28,000.00
Contents 26,600.OU
, Equipment building and contents 23,000.00
Water tanks 187, 500.00
I�i►nicipal Liquor Store No. 1 :
Contents 2,OU0.00
Stock 20,000.00
Minicipal Liquor Store No. 2 :
Building 50, 500.00
Contents 20,000.00
Stock 50,000.00
Municipal Liquor Store No. 3 :
Building 157,000.00
Contents 20,U00.00
Stock SO,OOOo00
T�nicipal Liquor Store No. 4 :
Contents 7, 500.00
Stock 20,000.00
Comprehensive liability:-
Bodily injury:
Automobiles 100/300,000.00
Except automobiles 100/300,OU0.00
Liquor liability 100/300,000.00
Property damage :
Aiatomobiles 50,000.00
F�ccept sutomobiles 50/100,000.00
Liquor liability 25,000.00
Money and securities, inside/outside premises-all locations 15/ 12,000.00
Burblary :
I�nicipal Liquor Store No. 1 7, 500.00
M,nicipal Liquor Store No. 2 10,000.00
P�nicipal Liquor Sture No, 3 1U,000.00
A1�nicipal Liquor Store No. 4 7, 500.00
� 67
C_I_'fY OF FRIDLEY, TIIPINESOTA
I�ISUKAPdCE COVERAGE (CONTINUED)
DECEPfBER 31, 1962
Business interruption:
Mini.cipal Liquor Store No. 1 $ 20,000.00
I��nicipal Liquur Store No. 2 57,OOU.00
I�nicipal Liquor Store Ivo. 3 62,OU0.00
riinicipal Liquor Store No. 4 6,OU0.00
Depositors forgery bond - all locations 10,000.00
Plate glass breakage - I�nicipal Liquor Store No. 3 replacement
Worlcnen' s compensation statutory
E�;uipment floater 40,200.00
N�;on sign 2,000.00
�totor truck cargo 500.00
EMPLOYEES SURETY BONDS
DECEMBER 31, 1962 •
Surety
�►e Position bond
Marvin C. Brunsell Clerk $ 1,000.00
r^arvin C. Brunsell Treasurer 25,000.00
Diervin Herrmann Assessor 1,OOQ.00
Virgil V. Wills Clerk of I�Lnicipal Court 1,000.00
All employees of the Ci[y are covered by g
blankec faithful perfu nnance bond of 15,000.00