06/18/2018 Summary Financial Report Continued AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA )ss
COUNTY OF ANOKA
Darlene MacPherson being duly sworn on an
oath, states or affirms that he/she is the
Publisher's Designated Agent of the newspa-
per(s)known as:
SF Columbia Heights/Fridley
with the known office of issue being located
in the county of.
ANOKA
with additional circulation in the counties of:
ANOKA
and has full knowledge of the facts stated
below:
(A)The newspaper has complied with all of
the requirements constituting qualifica-
tion as a qualified newspaper as provided
by Minn. Stat.§331A.02.
(B)This Public Notice was printed and pub-
lished in said newspaper(s) once each
week, for 1 successive week(s); the first
insertion being on 06/08/2018 and the last
insertion being on 06/08/2018.
MORTGAGE FORECLOSURE NOTICES
Pursuant to Minnesota Stat. §580.033
relating to the publication of mortgage
foreclosure notices: The newspaper complies
with the conditions described in §580.033,
subd. 1, clause (1) or(2). If the newspaper's
known office of issue is located in a county
adjoining the county where the mortgaged
premises or some part of the mortgaged
premises described in the notice are located,
a substantial portion of the newspaper's
circulation is in the latter county.
By: ► 1 0
Designated Agent
Subscribed and sworn to or affirmed before
me on 06/08/2018 by Darlene MacPherson.
Notary Public
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MARLENE M.MITCHELL
Notary Pubtic-MMn`;s°ta
y ''srM My 0ommiss"Expires Jan 31,2020
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Ad ID 823037
(...CONTINUED)CITY OF FRIDLEY,MINNESOTA
SUMMARY FINANCIAL REPORT
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF REVENUES,EXPENSES AND CHANGES IN NET ASSETS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31,2017
Liquor Water Sewer Storm Water Totals
Sales $5,520,161 $- $- $- $5,520,161
Cost of sales (4.046.642) - (4,046,642)
Gross profit 1.473.519 - 1,473,519
Operating revenues:
Customer billings - 3,480,716 5,640,419 1,378,095 10,499,230
Charges for services - 6,249 - - 6,249
Other revenues - 8,871 8,871
Total operating revenues - 3.495.836 5.640.419 1.378 095 10,514,350
Total gross profit and operating revenues 1.473,519 3.495.836 5,640.419 1,378,095 11 987 869
Operating expenses:
Personal services 534,326 758,030 336,779 463,207 2,092,342
Supplies and other charges:
Disposal charges - - 4,135,302 - 4,135,302
Other 422,021 1,817,297 534,756 329,090 3,103,164
Depreciation 87.626 851.532 304,055 285,133 1528.346
Total operating expenses 1_.043.973 3.426.859 5.310.892 1.077.430 10.859,154
Operating income(Ioss) 429.546 68.977 329.527 300,665 1,128,715
Nonoperating revenues(expenses):
Intergovernmental revenue - - - 61,476 61,476
Interest and dividends - 42,732 12,493 20,417 75,642
Net change in the fair value of investments (231) (3,771) (1,029) (1,806) (6,837)
Insurance reimbursement 2,425 - - 2,425
Interest expense - (86,800) (11,225) (8,350) (106,375)
Other 105 - 4,495 4,600
Gain(loss)on disposal of capital assets - 16,000 16,000
Total nonoperating revenues(expenses) 2.299 (47,839) 16.239 76,232 46,931
Income(loss)before transfers 431,845 21,138 345,766 376,897 1,175,646
Transfers and Capital Contributions:
Transfers out (338,500) - - - (338,500)
Capital contributions-intergovernmental - - 713.655 713,655
Total transfers and contributions (338,500) - 713.655 375,155
Change to net position 93,345 21,138 345,766 1,090,552 1,550,801
Net position-January 1 1.006.712 9.480.418 6.241.219 C880.009 23,608,358
Net position-December 31 $1.100,057 $9.501,556 $6,586,985 $7.970,561 $25,159,159
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31,2017
Liauor Water Sewer Storm Water Totals
Cash flows from operating activities:
Receipts from customers and users $5,532,642 $3,454,918 $5,544,300 $1,657,152 $16,189,012
Payment to suppliers (4,465,574) (1,805,386) (4,516,910) (244,128) (11,031,998)
Payment to employees (534,263) (755,978) (336,477) (462,856) (2,089,574)
Operating contributions 105 - 105
Net cash flows from operating activities 532.910 893.554 690.913 950.168 3,067,545
Cash flows from noncapital financing activities:
Operating grants - - - 61,476 61,476
Transfers out (338.500) - (338,500)
Net cash flows from noncapital financing activities (338,500) 61.476 (277.024)
Cash flows from capital and related financing activities
Acquisition of capital assets - (1,359,785) (66,919) (1,110,437) (2,537,141)
Principal received on special assessments - - 4,495 4,495
Capital grants and contributions - - - 341,012 341,012
Insurance reimbursement 2,425 - - - 2,425
Principal paid on revenue bonds - (2,545,000) (30,000) (25,000) (2,600,000)
Interest and paying agent fees on revenue bonds - (155,043) (11,600) (8,663) (175,306)
Proceeds from sale of capital assets - - 16.000 16.000
Net cash flows from capital and related financing activities 2.425 (4.059.828) (92.519) (798. 93) (4,948,515)
Cash flows from investing activities:
Investment income (231) 38.961 11.464 18,611 68,805
Net increase(decrease)in cash and cash equivalents 196,604 (3,127,313) 609,858 231,662 (2,089,189)
Cash and cash equivalents-January 1 169 069 7,340,404 1 677 086 2,024,475 11 211 034
Cash and cash equivalents-December 31 $365.673 $4,213.091 $2,286,944 $2,256.137 $9 121 845
Current cash and cash equivalents
Current assets $365,673 $2,949,031 $2,,286,944 $2,256,137 $7,857,785
Restricted assets - 1,264,060 1,264,060
Total cash and cash equivalents-December 31 $365.673 $4.213.091 $2,286.944 $2.256,137 $9,121,845
Published in the
Columbia Hgt-Fridley Sun Focus
June 8,2018
822712&823037