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1962 Financial Statements T CITY OF FRIDLEY. MINNESOTA 1� FINAHCIAL STATEMENTS DECEMBER 31, 1962 �-• ". 'i ��� %, CITY OF FRIDLEY, MINNESOTA ELECTED AND APPOINTED OFFICIALS DECEMBER 31, 1962 . �E �;. ' .r, ':� � � _- --�� .� __, . . �► - F: : ��Rr 9,� _ � ,�.�.-��._, _ (�� ,a,�; � � _ �i ; , - 1 �;����_ ;� �-��--k' - � .� � p- � �_. ; � �� �`� � 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. �..�� � u� t..:� �-- ��'�, �j/l�t+�-�- �,Sa.x{;,<,�-c,c� `J �� 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. • . - �., 7 . �; 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 r � _,�,� t� , - � q � �,�3 �B�'/"1 � ��j�f I �` ' V�' _�,/'��,�t �/ l�0 F � � P . ,---_ . 8 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 � � 9 ,1 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,�� 11 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 12 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 , , . � � � � � � ' 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 ,� � � 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 � �--�-- �� -� 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) � , 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 � � I 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 � 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 � �� -� -� . j ° 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