1982 CAFR __i I_N
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FOR THE YEAR ENDED DECEMBER 31, 1982
CITY OF FRIDLEY, MINNESOTA
COMPREHENSIVE ANNUAL. FINANCIAL REPORT
DECEMBER 31, 1982
Prepared by:
Department of Finance
Sidney C. Inman
Director of Central Services
Richard. D. Pribyl
Finance Officer
CITY OF FRIDLEY, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
TEAR ENDED DECEMBER 31, 1982
_. TABLE OF CONTENTS
INTRODUCTORY SECTION EXHIBIT PAGE
List of Elected and Appointed Officials 1
Organizational Structure 2
City Manager's Letter of Transmittal 5
Chief Executive Officer's Letter of Transmittal 7
Certificate of Conformance 23
FINANCIAL SECTION
Accountant's Opinion 25
Combined Financial Statements - Overview
("Lifetable" General Purpose Financial Statements)
Combined Balance Sheet - All Fund Types and
Account Groups A-1 28
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - All Governmental
Fund Types and Expendable Trust Funds A-2 32
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and
Actual - General and Special Revenue Fund Types A-3 34
Combined Statement of Revenues, Expenditures
and Changes in Retained Earnings - All
Proprietory Fund Types A-4 36
Combined Statement of Changes in Financial Position -
All Proprietory Fund Types A-5 37
Notes to Financial Statements 38
Financial Statements of Individual Funds:
General Fund:
Comparative Balance Sheet B-1 57
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual B-2 58
Statement of Revenues and Other Financing
Sources - Budget and Actual B-3 59
Statement of Expenditures and Other Financing Uses -
Budget and Actual B-4 61
CITY OF FRIDLEY, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT r,
YEAR ENDED DECEMBER 31, 1982
TABLE OF CONTENTS (CONTINUED)
EXHIBIT PAGE
Special Revenue Funds:
Combining Balance Sheet C-1 66
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances C-2 68
Municipal State Aid Fund:
Comparative Balance Sheet C-3 70 .,
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual C-4 71
Revenue Sharing Fund:
Comparative Balance Sheet C-5 72 -,
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual C-6 73
Cable TV Fund:
Comparative Balance Sheet C-7 74 --
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual C-8 75 _.
Home Ownership Fund:
Comparative Balance Sheet C-9 76 ...
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual C-10 77 -^
Housing and Redevelopment Authority Fund:
Comparative Balance Sheet C-11 78
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual C-12 79
Debt Service Funds:
Combining Balance Sheet D-1 81
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances D-2 82 ..
CITY OF FRIDLEY, MINNESOTA
_ COMPREHENSIVE ANNUAL FINANCIAL REPORT
TEAR ENDED DECEMBER 31, 1982
TABLE OF CONTENTS (CONTINUED)
EXHIBIT PAGE
Capital Project Funds:
Combining Balance Sheet E-1 84
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances E-2 86
Special Assessment Funds:
Combining Balance Sheet F-1 91
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances F-2 92
Enterprise Funds:
Combining Balance Sheet G-1 93
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings G-2 94
Combining Statement of Changes in
Financial Position G-3 95
Liquor Fund:
Comparative Balance Sheet G-4 96
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings G-5 97
Comparative Statement of Changes in
Financial Position G-6 98
Public Utilities Fund:
Comparative Balance Sheet G-7 99
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings G-8 100
Comparative Statement of Changes in
Financial Position G-9 101
Christenson Building Fund:
Comparative Balance Sheet G-10 102
CITY OF FRIDLEY, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1982,
TABLE OF CONTENTS (CONTINUED)
EXHIBIT PAGE
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings G-11 103
Comparative Statement of Changes in
Financial Position G-12 104
Internal Service Fund:
Comparative Balance Sheet H-1 105
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings H-2 106
Comparative Statement of Changes in
Financial Position H-3 107
Trust and Agency Fund:
Comparative Balance Sheet I-1 109
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balance I-2 110
General Fixed Assets:
Comparative Schedule of General Fixed Assets -
By Sources J-1 111
Schedule of General Fixed Assets -
By Function and Activity J-2 112 ,^
Schedule of Changes in General Fixed Assets -
By Function and Activity J-3 113
General Long-Term Debt:
Comparative Statement of General Long-Term Debt K-1 115
TABLE PAGE
STATISTICAL SECTION
General Governmental Expenditures by Function -
Last Ten Fiscal Years 1 117
General Revenues By Source - Last Ten Fiscal Years 2 118
Property Tax Levies and Collections - Last Ten
Fiscal Years 3 119
CITY OF FRIDLEY, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 1982
TABLE OF CONTENTS (CONTINUED)
TABLE PAGE
Assessed and Estimated Market Value of All Taxable
Property - Last Ten Fiscal Years 4 120
Statement of Valuations and Levies By Classes
of Property 5 122
Significant Minnesota Tax Policies 125
Property Tax Rates Per $1,000 of Assessed Value
and Tax Levies - All Overlapping Governments -
"' Last Ten Fiscal Years 6 126
Special Assessment Levies and Collections - Last
Ten Fiscal Years 7 129
History of Tax Levies and Mill Rates - Last Ten
Fiscal Years 8 130
Ratio of Net General Bonded Debt to Assessed Values
and Net Bonded Debt Per Capita - Last Ten Fiscal
^ Years 9 132
Computation of Legal Debt Margin 10 134
Computation of Direct and Overlapping Bonded Debt
and Comparative Debt Ratios 11 136
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Government
Expenditures - Last Ten Fiscal Years 12 137
Revenue Bond Coverage - Last Ten Fiscal Years 13 138
Demographic Statistics - Last Ten Fiscal Years 14 139
Construction, Bank Deposits and Property Value -
Last Ten Fiscal Years 15 140
Principal Taxpayers 16 141
Insurance Coverage 142
City Capital Improvement Financing Policy 143
Miscellaneous Statistical Information 144
General Information 147
INTRODUCTORY SECTION
4
a
CITY OF FRIDLEY, MINNESOTA
ELECTED AID APPOINTED OFFICIALS
DECEMBER 31, 1982
ELECTED OFFICIALS
Term of Office
Expires December
_ Mayor William J. Nee 1983
Councilmember At Large Robert L. Barnette 1983
Councilmember, Ward I Edward L. Hamernik 1984
Councilmember, Ward II Dennis L. Schneider 1985
Councilmember, Ward III Edward J. Fitzpatrick 1984
Effective January 1983
Mayor William J. Nee 1983
Councilmember At Large Robert L, Barnette 1983
Councilmember, Ward I Edward L. Hamernik 1984
Councilmember, Ward II Dennis L. Schneider 1985
Councilmember, Ward III Edward J. Fitzpatrick 1984
i
APPOINTED OFFICIALS
City Manager - Nasim M. Qureshi
City Attorney - Virgil C. Herrick
Prosecuting Attorney - Carl Newquist
City Clerk/Treasurer - Sidney C. Inman
Department Heads:
Director of Public Safety and
Civil Defense Director - James P. Hill
Fire Chief - Robert D. Aldrich
Director of Public Works - John G. Flora
Director of Parks, Recreation and
Natural Resource - Charles A. Boudreau
Director of Central Service - Sidney C. Inman
Division Heads:
City Planner - Jerrold Boardman
Finance Officer - Richard D. Pribyl
Public Works Superintendent - Ralph S. Volkman
Chief Building Official - Darrel G. Clark
City Assessor - Mervin J. Herrmann
Liquor Stores Manager —Robert L. McGuire
1
r City of Fridley CITY ADMINISTRATIVE
CITY MANAGER
Personnel Officer/Admin. Asst. Management Analyst
City Manager's Secretary Economic Dev. Asst.
Clerk Typist
PARKS AND
PUBLIC WORKS (38) RECREATION (13)
Public Works Director Parks and Recreation Director
Operations Analyst Parks & Rec.
Public Works Secretary Secretary
Naturalist/Resource ...,
Engineering Div. (3) Code Enforcement Division (4) Coordinator
Asst. P.Wks. Director Chief Building Official Interpretive Spec.
Engineering Tech. Environmental Officer Recreat"on Supv.
Eng. Aide/Admin. Plumbing Inspector Program Supv.
Clerk/Secretary
Park Foreman (7)
Planning Division (3)
City Planner Senior Parkkeeper
2 Opr. & Maint. Spec.
Associate Planner 3 Opr. & Maint. Persons
Clerk/Secretary
Public Works Maintenance Division
Supt. of Public Works (25)
Cl erk1/Secretary
Street Foreman (13) Water Foreman (5) Sewer Foreman (5)
Sr. Steet Operator Sr. Water Operator 2 Sr. Sewer Operators
3 Heavy Equip. Opr. 2 Opr. & Maint. Spec. 2 Opr. & Maint. Persons
Opr. & Maint. Spec. Opr. & Maint. Person
4 Opr. & Maint. Persons
2 Mechanics
Opr & Maint. Spec.
2
ORGANIZATIONAL STRUCTURE 1912
•
(127)
Director Central Services/Clerk Treasurer (22)
Finance Officer (9)
1
General 'Accountant Sr. Util Billg Clk Budget Control Asst. Record Spec/Dpt C.Clk
Payb/Data Proc Clk Sr. Assess. Clerk Clerk-Purchasing Word Processing Opr.
Acctg/Data Proc Clk Receptionist/Lic Clk
Acctg/Data Input Clk Cashier
PUBLIC SAFETY (42) FIRE (6)
Assistant City Manager/
Public Safety Director Fire Chief
(C.D.Dir.)
Police Secretary
Deputy Fire Chief
Captain
2 Firefighters
Clerk Typist II (C.D.)
Deputy P.S.D.
Lieutenant
3 Sergeants
3 Corporals
23 Police Officers
1 Neighborhood Serv. Coord.
I Crime Prevention Specialist
I Police Technician Liquor'Division PropertyITax division
6 Office Assistants
Liquor Store Manager (4) Assessor (4)
Asst. Liquor Store Mgr. 2 Appraisers
Head Liquor Store Clerk Tax Assess. Clerk
Liquor Store Clerk
POSITIONS DISCONTINUED:
Engineering Aide/Inspection
Funded through General Fund
Janitor
Funded through General Fund
Human Services Assistant
Funded through Federal and State Funds
(--)= Number of full time employees
3
CITY OF FRIDLEY
6431 UNIVERSITY AVENUE N.E., FRIDLEY, MINNESOTA 55432
TELEPHONE ( 812)571-3450
June 14, 1983
The Honorable Mayor and City Council
City of Fridley
Fridley, Minnesota
Gentlemen:
In accordance with the Charter, we hereby transmit the detailed Annual
Financial Report of the City of Fridley for the year ending December 31, 1982.
The Report includes an excellent and comprehensive letter from Mr. Sidney C.
Inman, Director of Central Services and Mr. Richard D. Pribyl, Finance
Officer, which assists in a ready understanding of the several accounts and
funds and matters covered by the Report. I would express appreciation and
commendation to them and the Finance Division staff for the manner in which
the accounts are kept and the Report presented.
I would also express appreciation for the commendable administrative financial
management of the several departments and divisions by the respective
department and division heads as revealed by this Report.
Very truly yours,
Nasim M. Qureshi
City Manager
5
CITY OF FRIDLEY
6431 UNIVERSITY AVENUE N.E., FRIDLEY, MINNESOTA 55432
TELEPHONE ( 612)571 -3450
June 14, 1983
Mr. Nasim M. Qureshi, City Manager
Mayor William J. Nee and Council Members
Fridley, Minnesota 55432
Dear Mr. Qureshi, Mayor Nee and Council Members:
The Comprehensive Annual Financial Report of the City of Fridley, Minnesota,
for the fiscal year ending December 31, 1982, is submitted herewith:
_ The organization, form, and contents of this report were prepared in
accordance with the standards prescribed by the Municipal Finance Officers
Association of the United States and Canada, the American Institute of
Certified Public Acountants, the National Council on Governmental Accounting,
and the Minnesota State Auditors Office. The Municipal Finance Officers
Association awards Certificates of Conformance to those governments whose
annual financial reports are judged to conform substantially with high
standards of public financial reporting including generally accepted
accounting principles promulgated by the National Council on Governmental
Accounting. The City of Fridley was awarded a certificate of Conformance for
its annual financial report for the fiscal year 1981 . It is my belief that
the accompanying fiscal year 1982 financial report continues to meet program
standards and it will be submitted to the Municipal Financial Officers
Association for review.
The report was prepared by the City's Finance Staff and consists of three
sections:
Section I is the introductory section and contains the table of
contents, letter of transmittal, and other appropriate material.
Section II is the financial section and contains the accountant's
opinion, the combined financial statements, notes to the financial
statements, combining statements, individual fund statments, and
.— account group statements.
Section III is the statistical section which includes the previous
year's financial and non-financial data.
Responsibility for both the accuracy of the presented data and the
completeness and fairness of the presentation including all disclosures rests
with the City. We believe the data as presented is accurate in all material
aspects, that it is presented in a manner designed to fairly set forth the
financial position and results of operations of the City as measured by the.
financial activity of its various funds, and that all disclosures necessary to
enable the reader to gain the maximum understanding of the City's financial
activity have been included.
7
ACCOUNTING SYSTEM AND BDDGETORY CONTROL
The accounting system provides for a complete self-balancing account group for
each fund of the City. Accounting records are maintained on the modified
accrual basis for the governmental type funds and the trust and agency funds,
and the accural basis of accounting is utilized for the proprietary type funds
as defined in the notes to the financial statements.
In developing and improving the City's accounting system, consideration is
given to the adequacy of internal accounting controls. Internal accounting
controls are designed to provide reasonable, but not absolute, assurance
regarding the safeguarding of assets against loss from unauthorized use or
disposition and the reliability of financial records for preparing financial
statements and maintaining accountability for assets. The concept of
reasonable assurance recognizes that the cost of a control should not exceed
the benefits likely to be derived and the evaluation of costs and benefits
requires estimates and judgements by management.
All internal control evaluations occur within the above framework. We believe
that the City's internal accounting controls adequately safeguard assets and
provide reasonable assurance of the proper recording of financial
transactions. A complete budgetary system of accounts is maintained for the
General and Special Revenue Funds. Budgetary control is maintained in
compliance with the City Charter Requirements. The Charter provides that it
is the duty of the City Manager to strictly enforce the provisions of the
budget. The management policy of the City is such that the existence of a
particular item or appropriation in the approved budget does not mean that it
will or must be automatically expended. It is the policy of the City to
control budgets at the expenditure category level. Budget adjustments between
City divisions are made upon the approval of a resolution by the City Council.
The City Charter provides that the City Council shall not have power to
increase the total amount of the budget, whether by insertion of new items or
otherwise, beyond the estimated revenue unless the actual revenue exceeds such
revenue estimates, and in that event not beyond such actual revenue. There is
WWI a constant review process. Expenditures are not approved until it has been
determined that 1) adequate funds have been appropriated, 2) the expenditure
is necessary, and 3) funds are available.
THE REPORTING ENTITY AND ITS SERVICES
The funds included in this comprehensive annual financial report are
controlled by or dependent on the City of Fridley. This report also includes
the activities of the Fridley Housing and Redevelopment Authority (HRA) which
is a separate legal entity but is under the immediate control of the City and
its Council. Financial information relating to the Fridley Fire Relief
Association and the Fridley Police Relief Association is not presented in this
•••• report. Determination of "controlled by or dependent on" is based on criteria
developed by the Federal Bureau of the Census. The criteria deal with the
existence as an organized entity, governmental character, and substantial
autonomy. Based on these criteria, the various funds and account groups,
which are all the funds and accounts groups of the City shown in the table of
contents, are included in this report.
9
The City provides a full range of municipal services. These include police, -�
fire, parks and recreation, public improvements, street maintenance, sanitary
sewer and water utilities, liquor sales, planning and general administrative
services.
CITY FINANCIAL PROSPECTS FOR FUTURE YEARS
Based on trends of the past several years and current projections, there will
be a greater reliance on property taxes and user fees and a de-emphasis of
intergovernmental revenues (federal and state) as sources for financing of --
City operations. There are additional revenue sources currently being
explored, and all current charges for our services are being re-examined for
appropriateness. Property tax collections have been fairly stable during the
past ten years, (total collections compared with levies have varied from
90.41$ to 99.00$ during this period) which included several recessionary
years, therefore the prospect for property tax stability appears favorable.
In the area of cost containment, the City has taken several steps to resist
inflationary pressures and to conserve energy. The City has been striving to
cut the cost of full-time staff by holding positions open for a year or two, —.
and trying to restructure those positions into other full-time positions or
factoring out some of those responsibilities to part-time employment
opportunities. Some of the energy conservation measures initiated include
energy audits of all City-owned buildings with implementation of high pay-back
conservation items, down-sizing of the City's fleet (auto and trucks) and
emphasizing use of diesel engines where practical. The use of our computer has
expanded into all departments which should greatly reduce labor costs and -,
greatly enhance administration and planning in conjunction with all user
departments.
The City's basic capital improvements (permanent street paving, water and
sewer systems, and park acquisition/development) have all been substantially
completed in prior years. This should result in minimal taxes and special
assessment requirements on property owners for future years. The City's
overall financial stability appears excellent, with continued emphasis on cost
containment, including labor management control and reductions where possible.
CASH MANAGEMENT
All temporary cash surpluses during the year are invested in various
securities which State statutes permit. The City's policy is to invest all
available monies at competitive interest rates in accordance with the City's
over-all fiscal plan coordinated with operating needs and programs projected
over the ensuing 12 month period. Investment yields ranged from 7.00$ to
15.60$ during the year. The 1982 earnings were distributed to the following
fund types:
10
General $ 236,197
Special Revenue 245,792
Debt Service 129,544
Capital Projects 153,484
Special Assessments 683,304
Enterprise 378,550
Internal Service 56,236
Expendable Trust 2,502
$1,885,609
The following is a summary of earnings for the past three years:
Year Earnings
1980 $1,249,913
1981 $1,821,144
1982 $1,885,609
DEBT ADMIIISTRATION
Net general bonded debt per capita, and the percentage of the net general debt
to assessed value are useful indicators of the City's debt position. Debt
statistics for the City as of December 31, 1982 are as follows:
Percent of Debt per
Amount Assessed Value Capita
Net general bonded debt $57,627 .03 1.93
On July 26, 1982, $625,000 of General Obligation Tax Increment Redevelopment
Bonds were sold at an interest rate of 8.50% to 10.70%. The issue will be
fully retired February 1, 1999 and will be paid for by funds generated from
the tax increment district.
On July 26, 1982 , $1 ,425,000 of Special Assessment Bonds were sold at an
interest rate from 8.50% to 10.70%. The issue will be fully retired February
1 , 1999 and will be paid for by assessments to property owners.
On November 1 , 1982 , $600 ,000 of General Obligation Tax Increment
Redevelopment Bonds were sold at an interest rate of 6.50% to 9.75%. The
issue will be fully retired February 1 , 1999 and will be paid for by funds
generated from the tax increment district.
During 1982, $2,444,000 worth of bonds were retired, including a temporary
Special Assessment issue of $1 ,439,000 which replaced the permanent bond
issue.
The total bonds outstanding for the City on December 31 , 1982 was $9,160,000.
11
Below is a table of the outstanding bonds:
Remaining
t ningg
Date of Amount Years Interest
Issue Outstanding of Issue Rate
1982 $ 625,000 17 8.50 - 10.70%
1982 1,425,000 17 8.50 - 10.70%
1982 600,000 17 6.50 - 9.75%
1981 2,200,000 16 7.10 - 9.00%
1980 1,600,000 13 7.25 - 8.50% -�
1977 655,000 6 3.10 - 4.90%
1976 500,000 7 3.75 - 6.00%
1975 235,000 6 6.00%
1972 675,000 11 3.80 - 5.30%
1967 140,000 5 4.20 - 4.50%
1965 95,000 3 3.20 - 3.50%
1965 140,000 3 3.20 - 3.50%
1965 270,000 5 3.20 - 3.50%
$9,160,000
During 1982, the City was notified that Moody's Investor Service had continued
a bond rating of Aa1 which the City achieved during 1981 .
As of December 31 , 1982, the City had issued $31,650,000 in Industrial Revenue
Bonds which are permitted under Minnesota Statutes, Chapter 474. Listed below
are the bonds issued: ._
Somanr Date of Issue Amount
Safetrans 03/21/77 $ 1,500,000
Perlman Rocque 05/07/79 2,500,000
Medtronics 11/05/79 1 ,000,000
Simer Pump 06/02/80 550,000
G. T. A. 10/20/80 6,000,000
Win-Stevens Datsun, Inc. 01/12/81 600,000
WWH Properties 11/23/81 1,250,000 .,
Webb Company 12/14/81 9,000,000
LaMaur, Inc. 02/02/82 1 ,000,000
Gerald Paschke 05/03/82 750,000
Columbia Park Properties 06/07/82 4,000,000 —'
Kuether Distributing, Inc. 10/04/82 2,000,000
73rd Ave. Partnership 10/25/82 1 ,500,000
$31,650,000
FISCAL DISPARITIES
The commonly referred to "Fiscal Disparity Law" was adoted by the Legislature
in 1971 . The area of the fiscal disparity district encompasses all the --
properties located within the seven-county metropolitan area. The law
provides that 40% of all new commercial/industrial property valuations or
growth be placed in an areawide "pool", and shared according to specific
criteria.
12
The Fiscal Disparity Law has had the following impact on the taxable
valuations of the City for taxes collectible for years 1982, 1981 , 1980, and
1979:
1982 1981 1980 1979
Taxable values -
City
Personal property $ 8,311,212 $ 8,054,674 $ 7,696,957 $ 7,492,535
Real estate 207,339,276 180,937,326 166,338,623 155,838,501
Less tax increment
project valuations (2,892,948) (2,708,711) (954,050)
Subtotal City 212,757,540 186,283,289 173,081,530 163,331,036
Areawide allocation
Contribution to "Pool" (20,695,684) (17,377,237) (14,234,755) (11,720,528)
Distribution from "Pool" 11,355,678 7,354,639 5,376,247 4,344,311
... Subtotal Pool (9,340,006) (10,022,598) (8,858,508) (7,376,217)
Total Taxable Value $203,417,534 $176,260,691 064,223,022 $155,954,819
TAX INCREMENT DISTRICT
The City Council took action on May 7, 1979 to form a Tax Increment District.
The Fridley Housing and Redevelopment Authority is responsible for
'-` administering the Tax Increment project. The project consists of the planned
redevelopment of properties located near the center of the City and near the
Fridley Civic Center. The creation of the Tax Increment District has the
effect of lowering the assessed valuation of the City that can be used for
other purposes by $2,892,948 for taxes collectible in 1982. During 1982 ,
Columbia Park Properties received $4,000,000 in Industrial Revenue Bonds and
now are in the final construction stages of a major medical center in the
Civic Center Increment Area. The 73rd Avenue Partnership also has embarked on
the construction of a three story office building which is scheduled for
completion during 1983 in the same increment area.
GENERAL FUND
The General Fund accounts for all financial transactions not properly
accounted for in any other fund. Revenues (including transfers) of the
General Fund totaled $5,800, 180, a decrease of $156 ,588 from 1981 . The
._ revenues of the General Fund during 1982 showed the impact that the cuts in
intergovernmental revenues had on our City's government. Also, expenditures
(including transfers) for the General Fund totaled $5,423,756 , a decrease of
$82,686 over the previous year. The fund balance increased by $376,424 and
was $3,783,427 at the end of the year.
A portion of this fund balance is available to provide working capital for the
fund until tax settlements are received in July and December of each year, to
provide funds for unknown events which could have an adverse effect on the
^
fund, and to help finance future budgets.
13
The following table shows the beginning-year General Fund Unreserved-
Undesignated balances as compared to the adopted budget of the current year.
Fund Balance
General Beginning of Year
Fund Budget Amount % of Budget
1977 $3,581 ,342 $ 834,196 23.9 -"
1978 3,962,664 1,279,792 32.3
1979 4,351 ,005 1,630,478 37.5
1980 5,664,208 2,280,353 40.2 ",
1981 6,101 ,166 378,727 6.2
1982 6,180,388 994,413 16.1
The amount of revenue from various sources and the changes from the previous
year are summarized in the following table.
Increase
1982 Percent (Decrease)
Amount of Total from 1981
General property taxes $2,392,519 41 .2 $ 306,760
License and permits 254,039 4.4 61,692
Intergovernmental revenue 1,958,152 33.8 (625,428)
Charges for current services 145,551 2.5 15,664
Fines and forfeits 146,334 2.5 26,906 ^
Interest on investments 236,197 4.1 (75,347)
Miscellaneous 138,493 2.4 64,270
Transfers 528,895 9.1 68,895 _,
Total revenue $5,800,180 100.0% $ 156,588
General property taxes accounted for 41 .2% of the General Fund revenues and
current tax collections were 95.10% of the total tax levy for the year 1982.
Changes in levels of expenditures for major functions of the City over the
preceding year are shown in the following table:
Increase —.
1982 Percent (Decrease)
Expenditures by Function Amount of Total from 1981
General government $ 747,176 13.8 $ 27,781
Public safety 1,939,996 35.8 69,920
Civic center 115,893 2.1 (6,516)
Public works 1 ,129,875 20.8 (278,914)
Parks and recreation 911 ,141 16.8 (84,194)
Debt service 16,033 .3 3
Capital outlay 367,609 6.8 110,856
Transfers 196,033 3.6 78,378
$5,423,756 100.0% $ (82,686)
14
The mill rates by purpose for the past two fiscal years is as follows:
Purpose 1982 1981
General Fund 13.876 15.248
General Debt Service .183 .220
Capital Improvement .219 .254
14.278 15.722
SPECIAL REVENUE FUNDS
Purpose
Special Revenue funds are used to account for revenue derived from specific
taxes or other earmarked revenue sources. They are usually required by
Statute, Charter provisions, or local ordinance to finance particular
functions or activities of government.
Municipal State-Aid Fund
Gasoline tax collection apportioned to the City by the State of Minnesota for
street construction are accounted for in this fund. Gasoline tax
apportionments used for maintenance purposes are accounted for in the General
Fund. Transfers are also made back to this fund from Special Assessment
funds. These funds are derived from the excess of the construction funds
•• received from the State of Minnesota plus the special assessments levied less
the cost of the project. This excess is transferred back to the Municipal
State-Aid Fund where the funds are earmarked for seal coating projects or the
...
City's share of sidewalk or street improvements projects.
The fund balance at December 31, 1982 was $1,152,580 which was a decrease from
the previous year of $39,349. Revenues totaled $196,486 , which is the
combination of State Aid and interest earned on the cash held in this fund.
The State Aid portion of the revenues decreased from the previous year by
$157,573. The expenditures from this fund were in the form of transfers to
other funds and increased this year by $45,470.
Revenue Sharing Fund
The Revenue Sharing Fund was established to account for the revenue received
from the Federal Government in accordance with the "State and Local Fiscal
Assistance Act of 1972." Expenditure of these funds can be made only in
accordance with the provisions of that act. The City's share of these Revenue
Sharing funds for the year 1982 was $196,355 which was a decrease from 1981 of
$15,719.
Revenue Sharing funds are transferred from the Revenue Sharing Fund to the
General Fund where the detailed amounts are budgeted. During 1982, transfers
of these types totaled $255,000.
The fund balance of December 31 , 1982 was $110,548, which represents a
decrease of $34,238 from 1981.
15
Cable TV Fund
The Cable Television Fund was established to account for franchise fees (5% of
CATV subscriber revenues). These revenues are dedicated to three uses: 1)
establish a comprehensive Broadband Telecommunications. Network regulating --
program, 2) develop and operate governmental and other access channels, 3)
establish a CATV Advisory Committee, advising the City Council on CATV
matters. As of December 31 , 1982 the fund balance totaled $73,154.
Hose Ownership Fund
A grant of $120,000 was approved in 1979 by HUD for the City of Fridley. The
purpose of the grant is to facilitate home ownership for large, low-income
families.
Revenues during 1982 totaled $374 which were the final revenues for this fund.
The objective of this fund has now been completed and it was closed out as of
December 31 , 1982.
HRA Fund
The HRA Fund was established during 1982 to account for the activity of the
Fridley Housing and Redevelopment Authority. The main area of redevelopment
is occuring in the area of the Fridley Civic Center. The Fridley HRA has
established three tax increment areas that are financing the various projects. ._
During 1982, expenditures were in excess of revenues and other financing uses
by $490,215, leaving the fund balance at December 31 ,1982 at $1,331,099.
GENERAL DEBT SERVICE FUND
Purpose .�
The General Debt Service Fund accounts for money devoted to the payment of
interest and principal on long-term general obligation debt (other than .,
Special Assessment Debt Service).
This fund is used for the accumulation of monies for payment of general
obligation bonds and interest thereon. Property taxes and proceeds from the
tax increment areas provide the necessary revenue. During 1982, revenues
amounted to 469,881 , of which $28,702 was from property tax collections. The
City has four general obligation issues outstanding which are carried in this
fund. There is a $500,000 issue for the Civic Center dated May 1 , 1965.
Three issues exist that pertain to the developing tax increment redevelopment
area, totaling $3,425,000. On December 31 , 1982, $140,000 was outstanding on
the Civic Center bond issue and $3,425,000 on the Tax Increment bond issues.
The Debt Service Fund balance at December 31 , 1982 was $529,555.
16
— CAPITAL PROJECTS FUNDS
Purpose
Capital Project Funds receive and disburse monies used for aquisition of
capital facilities other than those financed by Special Assessments and
Enterprise Funds.
Capital Improvement Fund
This fund was established to account for the revenues and expenditures of a
revolving type Capital Improvement Fund. During 1982 the City concluded that
the current and future cost of replacing or repairing many of the large assets
owned by the City is growing steadily. The monies set aside in this fund are
to finance the future replacement of the assets that are growing with age. No
expenditures have been made from this Fund to date. As of December 31 , 1982
the fund balance was $1,197,517.
North Park Fund
This fund has been established to account for the special North Park Project.
The North Park area was developed by a private non-profit foundation and the
City as a nature center. A $27,000 grant was received in 1976 from the State
of Minnesota for use of this project. The objective of this fund has now been
completed and the residual fund balance of $244 was transferred to the North
Park Visitation Center Fund. The North Park Fund was closed out as of
December 31, 1982.
North Park Visitation Center Fund
This fund was set up to account for the revenues and expenditures relating to
the construction of a Visitation Center Building in North Park. During 1982 ,
landscaping and paving activities took place that were necessary to complete
PMI the project. During 1982, total expenditures and other financing uses
exceeded revenues by $17,456. The fund balance as of December 31 , 1982 was
$80,764.
Sears Fund
This fund was set up to account for the revenues and expenditures relating to
the purchase of park land formerly owned by Sears Roebuck. During 1982, the
earth work was completed on the park along with street construction and
landscaping. During 1982 , $75,000 was received in donations and the fund
earned $28,154 on its investments. The fund balance as of December 31 , 1982
was $366,213.
University Avenue Bike/Walkway Fund
The City will be receiving a participating grant from the State to construct a
third bike/walkway that will connect the major parks within the City. The
bike/walkway should be completed during 1983, connecting the other two
bike/walkways completed in prior years. Revenues this year were in the form
of grants from the State, the amount of which was $542. Expenditures for the
trail were $542, thus leaving an ending fund balance of $165.
17
■■.
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds are used to finance and account for the construction
and financing of certain public improvements such as street improvements, —.
sidewalk improvements, storm sewers, and water and sewer lines which may be
paid wholly or in part from the special assessments levied against benefited
property. The fact that the special assessments are paid for completely or in
part by property owners in a limited geographical area who specifically
benefit distinguishes them from improvements which benefit the entire
community and which are paid for out of general revenue or through the
issuance of general obligation bonds.
The City employs the practice of issuing temporary three-year bonds to finance
the improvements during the construction period of projects. The temporary
bonds usually are in force past the time the special assessment rolls are
adopted by the City Council. Permanent bonds are normally issued after the
assessment rolls have been approved by the City Council and after the initial
prepayments of assessments have been made by property owners. This practice
allows the City to keep the number of permanent bonds issued by the City to a
minimum. Construction in progress is shown in the General Fixed Asset Group
of Accounts.
Special Assessments Revolving Fund
The purpose of this fund is to provide temporary financing for small
improvement projects.
Special Assessments
The Special Assessments Fund is used to account for the collection of
assessments against benefited property owners and the disbursement of
assessment collections for the payment of bonds and interest thereon. It also
handles the receipt of bond proceeds and the disbursement of the proceeds for
construction work performed.
The combined fund balances increased during 1982 by $942,108.
ENTERPRISE FUNDS
Purpose
Enterprise Funds account for the financing of services to the general public
in which all or most of the costs involved is paid in the form of charges by
the users of such services. In the City of Fridley, Enterprise Funds are used
to account for the operation of the Public Utility System, and the municipal
liquor stores. Except for ownership, Enterprise Funds bear a close
resemblance to privately owned utility or service enterprises.
18
-� Municipal Liquor Fund
The Municipal Liquor Fund was established to account for the operation and
financing of the City-owned municipal liquor stores. One is located at 6289
Highway 65; the other is located at 6586 University Avenue Northeast. The
City owns the land, building and fixtures at the Highway 65 location. The
City leases the building at the University Avenue location. The most current
lease was negotiated in 1978 for the University Avenue location.
Shown below is a summary of liquor store operations for the years 1982 , 1981 ,
1980, 1979 and 1978.
1982 1981 1980 1979 1978
Sales $1,714,953 $1,743,846 $1,661,818 $1,461,144 $1,323,462
Gross profit 340,059 344,681 333,245 275,862 260,941
t„ Net profit 168,603 192,975 171 ,285 117,404 119,607
Transfers to
General Fund $ 100,000 $ 90,000 $ 85,000 $ 85,000 $ 85,000
'— Retained earnings of the Municipal Liquor Fund were $1,032,212 on December 31,
1982, compared to $963,609 on December 31 , 1981.
Public Utility Fund
This fund accounts for the operation and financing of the City-owned sewer and
water systems.
In 1969, the fund assumed a $770,000 liability for bonds payable along with
future interest obligations of the Water No. 75 Improvement Bonds. A total
principal amount of $270,000 for this bond issue was outstanding on December
31, 1982. Although deferred tax levies were set forth in the resolution for
retirement of the bonds and interest, it is the intention of the City to
._ cancel the tax levies annually for this bond issue and to provide the
necessary revenue from the Public Utility Fund.
The receivable from the Metropolitan Waste Control Commission of $381 ,084
represents the City's share of the equity in the Minneapolis Sewer System
which was acquired by the Commission on January 1 , 1971. This amount will be
paid to the City by means of issuing credit against future sewer billings from
the Commission. These credits will be applied in annual installments with
interest through 1999.
._ The assets for the Water and Sewer distribution system, originally financed by
special assessments, were transferred from General Fixed Assets to the Public
Utility Fund in 1978. Additional Fixed Assets were transferred in 1979.
Those improvements to the utility system paid for or financed directly by the
Public Utility Fund have always been carried in the Public Utility Fund and
depreciated.
The City Council has a policy of not depreciating water and sewer lines paid
for by special assessments. The reasoning for this is that Fridley is still a
young community. The original water and sewer lines have not been fully paid
for by the property owners. To require these same property owners to pay for
the lines by special assessments and also via their utility bills would
require the same customers to pay for the system twice.
19
The Public Utility Fund has transferred monies to the Special Assessment Debt
Service funds to pay principal and interest on some bond issues although there
is no legal requirement to do so. As a result, the City considers such
transfers as direct charges against retained earnings and not against income.
Retained earnings on December 31 , 1982 were $5,036,751 compared to $4,341 ,448
on December 31, 1981.
Shown below is a summary of operations of the Public Utility Fund for the
years 1982, 1981 , 1980, 1979 and 1978.
1982 1981 1980 1979 1978
Operating income $1,753,918 $1,560,081 $1,477,709 $1,397,400 $1,404,459
Operating expenses 1 ,767,818 1,681 ,670 1,376,970 1,237,212 1,2991988 -
Operating income
(loss) 4 (13,900)$ (121,589)$ 100,739 ,$ 160,188 $ 104,471
During 1981 , the sewage disposal charge increased drastically compared to
prior years. It was necessary in 1982 to increase the sewage charge to
property owners to compensate for these higher rates.
Christenson Building Fund
On September 1 , 1978 the City entered into a lease/option agreement with 0. H.
Peterson, Jr. for the property known as the Christenson building. The
property consists of 2.66 acres of land, an older shopping center building, a
house, and a cement block commercial garage building. The lease ran until
July 31, 1979. The lease contains provisions for two one-year extensions. The
City exercised the option for both one-year extensions. The lease agreement
also provided that the City had the option to purchase the property for -.
$275,000. During 1981 , the City did purchase the building for the specified
amount. The purpose of the City entering into the above situation with Mr.
Peterson was to hold the property together as one parcel pending future HRA
development. The City has recently demolished the building and this piece of
property was sold to the Fridley HRA and will be developed in the future by
that agency. The fund was closed out as of December 31 , 1982.
INTERNAL SERVICE FUNDS
Internal Service Funds are set up to account for goods and services provided
by designated departments on a cost reimbursement basis to other departments
within a single governmental unit. The City of Fridley has set up an Internal
Service Fund to account for all fringe benefits in one area. During 1982 ,
benefit payments exceeded charges for services by $25,010. The fund balance
as of December 31, 1982 was $378,160.
TRUST IND AGENCY FUNDS
Trust and Agency Funds account for assets held by the City as a trustee or
agent for individuals, private organizations, and other governmental units.
20
'- The Trust and Agency Fund maintained by the City is for the purpose of holding
escrow deposits relating to industrial development revenue bond and mortgage
issues. The fund balance as of December 31, 1982 is $170.
GENERAL FIXED ASSETS GROUP OF ACCOUNTS
Purpose
General Fixed Assets are those fixed assets of a governmental jurisdiction
which are not accounted for in an Enterprise Fund. To be classified as a
fixed asset in this category, a specific peice of property must possess three
attributes: 1) it must be tangible in nature, 2) it must have a life longer
than the fiscal year, and 3) it must be of significant value.
GENERAL LONG TERM DEBT GROUP OF ACCOUNTS
Purpose
General obligation bonds and other forms of long-term debt supported by
general revenue are obligations of a governmental unit as a whole and not its
individual constituent funds. Moreover, the proceeds of such debt may be
spent on facilities which are utilized in the operation of several funds. For
these reasons, the amount of unmatured long-term indebtedness which is backed
by the full faith and credit of the City are accounted for and reported in a
separate self-balancing group of accounts entitled "General Long Term Debt
Group of Accounts." The group includes (in addition to conventional term
debt) general obligation bonds, time warrants and notes which have a maturity
of more than one year from the date of issuance.
PENSIONS
Employees in the City of Fridley are covered by five pension plans:
1) Fridley Fire Relief Association for Volunteer Firemen.
2) Fridley Police Pension Association, for Police Officers hired
prior to December 15, 1975.
3) Public Employees Retirement Police and Fire Plan, covering the
City's full-time Firemen and newly-hired Police Officers.
4) The basic Public Employees Pension Plan, which covers certain
other City civilian employees.
5) Coordinated Public Employee Pension Plan, which covers the
balance of the City civilian employees. The employees covered
by the Coordinated P.E.R.A. Plan are also covered by Social
Security.
The City is currently making all pension contributions required by law.
For additional background information on the pension plans covering City
employees, see Notes to the Financial Statements.
21
INDEPENDENT AUDIT —
Section 7.13 of the City Charter requires an annual audit to be made of the
books of account, financial records and transactions of all administrative
departments of the City by a certified public accountant or the State
Auditor's Department of the State of Minnesota. This requirement has been
complied with and the opinion of the George M. Hansen Company P.A. , Certifed
Public Accountants is included in this report.
CERTIFICATE OF CONFORMANCE -
"The Municipal Finance Officers Association of the United States and Canada -
(MFOA) awarded a Certificate of Conformance in Financial Reporting to the City
of Fridley, Minnesota, for its comprehensive annual financial report for the
fiscal year ended December 31, 1981.
In order to be awarded a Certificate of Conformance, a governmental unit must --
publish an easily readable and efficiently organized comprehensive annual
financial report, whose contents conform to program standards. Such reports
must satisfy both generally accepted accounting principles and applicable ^
legal requirements. A Certificate of Conformance is valid for a period of one
year only. We believe our current report continues to conform to Certificate
of Conformance Program requirements, and we are submitting it to MFOA to
determine its eligibility for another certificate."
ACKNOWLEDGEMENTS
The preparation of the report on a timely basis could not have been -
accomplished without the efficient and dedicated services of the Finance and ,_
Central Services staff. A special thanks is extended to Noel Graczyk and Dawn
Weigel for their prudent services. We would also like to express our
appreciation to the Mayor and members of the City Council for their interest
and support in planning and conducting the financial operations of the City in
a responsible and progressive manner.
Respectfully Submitted, --
C. 29;412 --
Sidney C. Inman Richard D. Pribyl
Director of Central Services Finance Officer
22
Certificate
of
Conformance
in Financial
Reporting
Presented to
City of
Fridley, Minnesota
For its Comprehensive Annual
_ Financial Report
for the Fiscal Year Ended
December 31, 1981
A Certificate of Conformance in Financial Reporting is
presented by the Municipal Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports(CAFR's)are judged to substantially
conform to program standards.
to Office
VA
_
E President
wpm 476.
0,#‘404
Executive Director
23
FINANCIAL SECTION
Oil
OMNI
•
ACCOUNTANT'S OPINION
h
I �
GEORGE M. HANSEN COMPANY, P.A.
G NI I-1 C o A Professional Corporation of Certified Public Accountants
ACCOUNTANTS' OPINION
— The City Council of
Fridley, Minnesota
We have examined the combined financial statements of the City of Fridley, Minnesota,
as of and for the year ended December 31, 1982, as listed in the table of contents.
Our examination was made in accordance with generally accepted auditing 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, the combined financial statements referred to above present fairly
the financial position of the City of Fridley, Minnesota, at December 31, 1982, and
the results of its operations and the changes in financial position of its proprietary
fund types for the year then ended, in conformity with generally accepted accounting
principles applied on a basis consistent with that of the preceding year after giving
retroactive effect to the changes, with which we concur, in the method of accounting
for special assessment funds as described in Note 2 of the financial statements.
Our examination was made for the purpose of forming an opinion on the combined
financial statements taken as a whole. The combining, individual fund, and account
• group financial statements and schedules listed in the table of contents are presented
for purposes of additional analysis and are not a required part of the combined
financial statements of the City of Fridley, Minnesota. The information has been
subjected to the auditing procedures applied in the examination of the combined
financial statements and, in our opinion, is fairly stated in all material respects
in relation to the combined financial statements taken as a whole. Our examination
did not include the statistical information listed in the table of contents.
6°777
— May 19, 1983
175 SOUTH PLAZA BUILDING WAYZATA BOULEVARD AT HIGHWAY 100 MINNEAPOLIS.MINNESOTA 55416 612/546-2566
25
COMBINED - INANCIAL STATEMENTS
The combined statements are intended to provide an overview and broad
perspective of the City's financial position and operations. These
statements present a summary set of information needed to control and
analyze current operations to determine compliance with legal and
budgetary limitations and to assist in financial planning. The
following combined statements are presented:
Combined Balance Sheet - All Fund Types and Account Groups
Combined Statement of Revenues, Expenditures, and Changes in Fund
Balances - All Governmental Fund Types and Expendable Trust Funds
Combined Statement of Revenues , Expenditures , and Changes in Fund
Balances - Budget and Actual - General and Special Revenue Fund
Types
Combined Statement of Revenues, Expenses, and Changes in Retained
Earnings - All Proprietary Fund Types
Combined Statement of Changes in Financial Position - All
Proprietary Fund Types
CITY OF FRIDLEY, MINNESOTA
COMBINED BALANCE SHEET — ALL FUND TYPES AID ACCOUNT GROUPS
December 31, 1982
Governmental Fund Types
Special Debt Capital Special
General Revenue Service Projects Assessment
Assets
Cash (deficit) $ 13,182 $ (94,743) $(88,875) $ 5,556 $ 44,152
Investments, at cost 3,442,793 2,862,371 700,685 1 ,642,529 6,791 ,368
Receivables (Net of allowance
for uncollectable):
Accounts 5,616 106,910
Taxes 8,711 207 140
Special Assessments 18,650 3,928,972
Interest 272,388 27,143
Due from other funds 153,556 3,530 --
Due from other governments 32,135 58,820 1 ,123
Inventories, at cost 22,869
Prepaid expenses
Long term receivable
Restricted assets:
Cash
Investments, at cost
Property and equipment
(Net of depreciation)
Amount available in debt
service fund
Amount to be provided for
retirement of general
long term debt
Total assets $3,969,900 82,964,031 $612,017 81,649,348 $10:764,492
See Accompanying Notes to Financial Statement
28
Exhibit A-1
Fiduciary
Proprietary Fund Types Fund Types Account Groups Totals
Internal Trust and General General Long (Memorandum Only)
Enterprise Service Agency Fixed Assets Term Debt 1982 1981
$ 75,744 $ 28,001 $ $ $ $ (16,983) $ (165,218)
3,464,647 550,256 15,372 19,470,021 17,705,318
394,411 506,937 389,908
9,058 92,128
3,947,622 4,332,798
299,531 646,448
157,086 17,254
13,311 105,389 1 ,060,478
206,289 229,158 213,192
76,909 76,909 70,279
367,773 367,773 383,235
(20,678)
^" 188,068 188,068 226,113
11,895,961 20,265,510 32,161,471 30,901 ,391
611,810 611,810 184,035
2,953,190 2,953,190 2,222,037
$16,683,113 $578,257 $15,372 $20,265,510 $3,565,000 $61,067,040 $58,258,718
29
CITY OF FRIDLEY, NINNESOTA. --
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (Continued)
December 31, 1982
Governmental Fund Types --
Special Debt Capital Special
General Revenue Service Projects Assessment
Liabilities
Accounts payable $ 98,090 $ 82,535 $ $ 2,511 $ 775 -
Deposits payable 19,270 10,000 102,079
Contracts payable 47,879 86,282
Salaries payable 39,644
Leave payable
Deferred revenue 27,361 207 140 3,928,972 -
Due to other funds 156,236
Due to other governments 2,108 2,038
Bonds payable 5,325,000 -,
Total liabilities 186,473 296,650 207 4,689 9,443,108
Fund Equity -
Contributed capital
Investment in general
fixed assets
Retained earnings -
Reserved
Unreserved
Fund balance:
Reserved 2,645,087 611,810 1,197,517 996,574
Unreserved
Designated 505,400 113,100
Undesignated 632,940 2,554,281 447,142 324,810 -
Total retained earnings/
fund balance 3,783,427 2,667,381 611,810 1,644,659 1,321,384
Total fund equity 3,783,427 2,667,381 611,810 1,644,659 1,321.384
Total liabilities and --
fund equity $3,969,900 $2,964,031 $612,017 $1,649,348 $10,764,492
See Accompanying Notes to Financial Statement
30
Exhibit A-1
Continued
Fiduciary
Proprietary Fund Types Fund Types Account Groups Totals
Internal Trust and General General Long (Memorandum Only)
- Enterprise Service Agency Fixed Assets Term Debt 1982 1981
▪ $ 119,464 $ $ $ $ $ 303,375 $ 188,816
15,202 146,551 162,054
134,161 • 27,123
6,300 45,944 50,243
172,097 172,097 198,213
3,956,680 4,797,958
850 157,086 74,061
50,856 28,000 83,002 333,374
270,000 3,565,000 9,160,000 8,954,000
447,470 200,097 15,202 3,565,000 14,158,896 14,785,842
10,166,680 10,166,680 10,166,680
20,265,510 20,265,510 19,046,507
378,160 378,160 313,477
6,068,963 6,068,963 5,305,057
5,450,988 3,173,771
618,500 356,000
170 3,959,343 5,111,384
- 6,068,963 378,160 170 16,475,954 14,259,689
16,235,643 378,160 170.. 20,265,510 -0- 46,908 144 43,472,876
06,683,113 $578,257 $15,372 $20,265,510 $3,565,000 $61,067,040 $58,258,718
31
CITY OF FRIDLET, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
Year Ended Deoe=ber 31, 1982
Governmental Fund Types
Special Debt
General Revenue Service
Revenues:
Taxes and special assessments $2,392,519 $ $ 333,219
Licenses and permits 254,039 106,910
Intergovernmental revenue 1,958,152 273,088 7,118
Charges for current services 145,551
Fines and forfeitures 146,334
Interest on investments 236,197 245,792 129,544
Miscellaneous 138,493 41 ,401
Total revenues 5,271,285 667,191 469,881
Expenditures:
Current
General government 747,176 82,258
Public safety 1,939,996 --
Civic center 115,893
Public works 1 ,129,875 192,118
Parks and recreation 911 ,141
Capital projects
Debt service 16,033 216,760
Other
Capital outlay 367,609 1 ,474,528
Total expenditures 5,227,723 1,748,904 216,760
Excess of revenues over expenditures 43,562 (1,081,713) 2539121
Other financing sources (uses):
Bond sales 1 ,211,907
Operating transfers in 528,895 1 ,037,253
Operating transfers out (196,033) (490,835) (1,037,253)
Total other financing sources (uses) 332,862 546,418 174,654
Excess of revenues and other
financing sources over expenditures
and other financing uses 376,424 (535,295) 4279775 "'
Fund balance January 1 as
previously reported 3,407,003 3,202,676 184,035 --
Adjustment: See note 2
Fund balance January 1 as restated 3,407,003 3,202,676 184,035
Fund Balance Deoember 31 $39783,427 $ 2,6679381 $ 611,810 "
See Accompanying Notes to Financial Statements
32
-' Exhibit A-2
_. Fiduciary
Fund Type Totals
Capital Special Trust and (Memorandum Only)
Projects Assessments Agency 1982 1981
$ 34,362 $ 608,215 $ $ 3,368,315 $ 2,945,719
86,006 446,955 233,901
9,073 2,247,431 3,528,060
145,551 129,887
146,334 124,428
153,484 683,304 2,502 1,450,823 1,671 ,108
75,000 393,452 648,346 773,582
271,919 1,770,977 2,502 8,853,755 . 9,406,685
7,271 836,705 719,395
1,939,996 1,870,076
115,893 122,409
1,321,993 1,486,320
•- 911,141 995,335
71,476 682,656 754,132 849,547
396,146 628,939 609,438
18,690 18,690
1 ,842,137 1,206,585
71,476 1,097,492 7,271 8,369,626 7,859,105
200,443 673,485 (4,769) 84,129 1,547,580
1,211,907 2,173,729
244 288,353 1,854,745 2,818,934
(19,254) (19,730) (1,763,105) (2,737,294)
(19,010) 268,623 1,303,547 2,255,369
181,433 942,108 (4,769) 1,387,676 3,802,949
1,463,226 5,054,294 4,939 13,316,173 8,778,261
(4,675,018) (4,675,018) (3,940,055)
,.r
1,463,226 379,276 4,939 8,641,155 4,838,206
0,644,659 $ 1,321,384 $ 170 $10,028,831 $ 8,641,155
33
CITY OF FRIDLEY, MINNESOTA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL AND SPECIAL REVENUE FUND TYPES
Year Ended December 31, 1982
General Fund
Varianoe-
Favorable
Budget Actual (Unfavorable)
Revenues: -,
Taxes and special assessments $2,461,426 $2,392,519 $ (68,907)
Licenses and permits 267,002 254,039 (12,963)
Intergovernmental revenue 2,065,966 1,958,152 (107,814)
Charges for current services 133,000 145,551 12,551 j
Fines and forfeits 107,000 146,334 39,334
Interest on investments 210,000 236,197 26,197
Miscellaneous 48,000 138,493 90,493
Total revenues 5,292,394 5,271,285 (21,109)
Expenditures:
Current
General government 869,265 747,176 122,089
Public safety 2,118,313 1,939,996 178,317
Civic center 143,994 115,893 28,101
Public works 1,158,596 1,129,875 28,721
Parks and recreation 1,037,964 911,141 126,823
Debt service 16,033 16,033
Reserve for contingency 175,500 175,500
Capital outlay 500,120 367,609 132,511
Total expenditures 6,019,785 5,227,723 792,062
Excess (deficiency) of
revenues over expenditures (727,391) 43,562 770,953
Other financing sources (uses):
Operating transfers in 490,000 528,895 38,895
Operating transfers out (160,603) (196,033) (35,430)
Total other financing
sources (uses) 329,39T 332,862 3,465
Excess (deficiency) of revenues
and other financing sources --
over expenditures and other
financing uses (397,994) 376,424 774,418
Fund balance January 1 3,407,003 3,407,003
Fund Balance December 31 $3,009,009 $3,783,427 $ 7711,1118
See Accompanying Notes to Financial Statements
34
Exhibit A-3
Totals
Special Revenue Fund Types (Memorandum Only)
-- Variance- Variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ $ $ $ 2,461,426 $ 2,392,519 $ (68,907)
90,000 106,910 16,910 357,002 360,949 3,947
418,074 273,088 (144,986) 2,484,040 2,231,240 (252,800)
133,000 145,551 12,551
107,000 146,334 39,334
170,000 245,792 75,792 380,000 481 ,989 101 ,989
35,000 41 ,401 6,401 83,000 179,894 96,894
713,074 667,191 (45,883) 6,005,468 5,938,476 (66,992)
87,171 82,258 4,913 956,436 829,434 127,002
2,118,313 1,939,996 178,317
143,994 115,893 28,101
191,374 192,118 (744) 1,349,970 1,321,993 27,977
1,037,964 911 ,141 126,823
16,033 16,033
175,500 175,500
1,480,900 1,474,528 6,372 1,981 ,020 1 ,842,137 138,883
1,759,445 1,748,904 10,541 7,779,230 6,976,627 802,603
(1,046,371) (1,081,713) (35,342) (1,773,762) (1,038,151) 735,611
1,057,253 1,037,253 (20,000) 1,547,253 1,566,148 18,895
(581,700) (490,835) 90,865 (742,303) (686,868) 55,435
475,553 546,418 702865 804,950 879,280 74,330
(570,818) (535,295) 35,523 (968,812) (158,871) 809,941
3,202,676 3,202,676 6,609,679 6,609,679
$ 2,631858 $ 2,667,381 $ 35,523 $ 5,640,867 $ 6,450,808 $ 809,941
35
Exhibit A-4
CITY OF FRIDLEY, MINNESOTA
COMBINED STATEMENT OF REVENUES, ElPENDITURES AND (RANGES IN
RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1982
Proprietary Fund Types Totals
Internal (Memorandum Only)
Enterprise Service 1982 1981
Sales and cost of sales:
Sales $1,714,953 $ $1,714,953 $1,743,846
Cost of sales 1 ,374,894 1,374,894 1 ,399,165
Gross profit 340,059 -0- 340,059 344,681
Operating revenues:
Water sales and sewer rents 1,680,304 1,680,304 1,494,168
Rental income 17,731
Other 73,614 73,614 65,913 ..
Charges for services 686,643 686,643 790,849
Total operating revenue 1,753,918 686,643 2,440,561 2,368,661
Operating expenses:
Personal services 595,848 595,848 512,192
Supplies and other charges 1,331,618 711,653 2,043,271 2,059,308
Depreciation 99,936 99,936 121,580
Total operating expenses 2,027,402 711,653 2,739,055 2,693,080
Operating income (loss) 66,575 (25,010) 41,565 20,262
Nonoperating revenues (expenses):
Intergovenrmental revenue 2,116 2,116 302,009
Interest on investments 378,550 56,236 434,786 438,450
Debt service (10,415) (10,415) (14,681)
Other 22,686 33,457 56,143 80,521
Land acquisition (274,995)
Total non-operating revenues (expenses) 392,937 89,693 482,630 531,304
Income before extraordinary item and
operating transfers 459,512 64,683 524,195 551,566
Extraordinary item 396,034 -0- 396,034 -0-
Income before operating transfers 855,546 64,683 920,229 551,566
Operating transfers in 8,360 8,360 8,360
Operating transfers out (100,000) (100,000) (90,000)
Total operating transfers (91,640) -0- (91,640) (81,640)
Net income 763,906 64,683 828,589 469,926
Retained earnings January 1 5,305,057 313,477 5,618,534 5,148,608
Retained earnings December 31 $6,068,963 $378,160 $6,447,123 $5,618,534
See Accompanying Notes to Financial Statements
36
Exhibit A-5
•
CITY OF FRIDLEY, MINNESOTA
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES
Year Ended December 31, 1982
Proprietary Fund Tlpea Totals
Internal (Memorandum Only)
Enterprise Service 1982 1981
Sources of working capital:
Operations:
,- Net income for the year $ 763,906 $ 64,683 $ 828,589 $ 469,926
Items not required working
capital-depreciation 99,936 99,936 121,580
Working capital provided by operations 863,842 64,683 928,525 591,506
Long term receivable 15,462 15,462 14,819
- Net decrease in restricted assets 17,367 17,367 4,205
Total sources of working capital 896,671 64,683 961,354 610,530
•- Uses of working capital:
Acquisition of property and equipment 141 ,013 141 ,013 73,171
Decrease in long term bonds payable 50,000 50,000 85,625
Decrease in deferred revenue 396,034 396,034 52,092
Total uses of working capital 587,047 -0- 587,047 210,888
Net increase in working capital $ 309,624 $ 64,683 $ 374,307 $ 399,642
Elements of net increase (decrease)
in working capital:
Cash $ 136,605 $165,001 $ 301,606 $ (869,450)
Investments 386,311 (98,316) 287,995 1,019,908
Receivables 77,250 (118) 77,132 10,404
-• Due from other funds (14,845) (14,845) (13,743)
Due from other governments (284,141) (284,141) 244,539
Inventory 10,449 10,449 7,683
Prepaid expenses 6,630 6,630 6,230
Accounts payable (16,036) (28,000) (44,036) 33,426
Contracts payable 877 877 (877)
Salaries payable (1,001) (1,001) (537)
Leave payable 26,116 26,116 9,415
Due to other funds (850) (850)
Due to other governments 8,375 8,375 (59,231)
Bonds payable 11,875
Net increase in working capital $ 309,624 $ 64,683 $ 374,307 $ 399,642
See Accompanying Notes to Financial Statements
37
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1982
1. Summary of Significant Accounting Principles
The City of Fridley operates under a "Home Rule Charter" form of government
according to applicable State of Minnesota Statutes. The Charter prescribes a
Manager-Council form of organization. The City provides the following services: --
general government, public safety, public improvements and planning and zoning.
This report includes the financial information relating to all funds and account
groups of the City. This report also includes the activites of the Fridley
Housing and Redevelopment Authority (HRA) which is a separate legal entity but
is under the immediate control of the City and its Council . Financial
information relating to the Fridley Fire Relief Association and the Fridley
Police Relief Association is not presented in this report. The Associations are
independent enitities as authorized by Minnesota Statutes. As independent
entities, the Associations maintain their own accounts and funds, and report ■■
their financial affairs separately from the City.
The accounting policies of the City of Fridley conform to generally accepted
accounting principles as applicable to governments. The following is a summary
of the more significant policies:
A. Fund Accounting
The accounts of the City are organized on the basis of funds and account .�
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of
self-balancing accounts that comprise its assets, liabilities, fund equity,
revenues and expenditures, or expenses, as appropriate. Government
resources are allocated to and accounted for in individual funds based upon
the purposes for which they are to be spent and the means by which spending
activities are controlled. The various funds are grouped, in the financial
statements in this report, into eight generic fund types and three broad
categories as follows:
GOVERNMENTAL FUNDS
General Fund - The General Fund is the primary operating fund of the City.
It is used to account for all financial resources except those required to
be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the --
proceeds of certain specific revenue sources that are legally restricted to
expenditures for specified purposes.
Debt Service Funds - Debt Service Funds are used to account for the
accumulation of resources for, and the payment of, general long-term debt
principal, interest, and related costs.
38
"- CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
A. Fund Accounting (Continued)
GOVERNMENTAL FUNDS (Continued)
Capital Projects Funds - Capital Projects Funds are used for the acquisition
or construction of major capital facilities other than those financed by
proprietary funds or Special Assessment Funds.
Special Assessment Funds - Special Assessment Funds are used to account for
the financing of public improvements or services deemed to benefit the
properties against which special assessments are levied.
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to account for operations that
are financed and operated in a manner similar to private business
OMNI
enterprises - where the intent is that the costs (expenses, including
depreciation) of providing goods or services to the general public on a
continuing basis be financed or recovered primarily through use charges.
Internal Service Funds - Internal Service Funds are used .to account for the
financing of goods or services provided by one department to other
.., departments of the City on a cost-reimbursement basis.
FIDUCIARY FUNDS
Trust Funds - Trust Funds are used to account for assets held by the City in
a trustee capacity or as an agent for individuals, private organizations,
other governments, and/or other funds. The City's Trust Funds are
classified as Expendable Trust Funds and are accounted for in essentially
the same manner as governmental funds.
B. Measurement Focus
The accounting and reporting treatment applied to the fixed assets and
long-term liabilities associated with a fund are determined by its
measurement focus. Governmental Funds and Expendable Trust Funds are
accounted for on a spending or "financial flow" measurement focus. This
means that only current assets and current liabilities are generally
included on their balance -sheets. Their reported fund balance is considered
a measure of "available spendable resources." Governmental fund operating
statements present increases (revenues and other financing sources) and
decreases (expenditures and other financing uses) in net current assets.
Accordingly, they are said to present a summary of sources and uses of
"available spendable resources" during a period.
39
CITY OF FRIDLEY, MINNESOTA -.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
B. Measurement Focus (Continued)
Fixed assets used in governmental fund type operations (general fixed .,
assets) are recorded at historical costs and accounted for in the General
Fixed Assets Account Group. Public domain ("infrastructure") general fixed
assets consisting of roads, bridges, curbs and gutters, are capitalized
along with other general fixed assets. No depreciation has been provided on
general fixed assets.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
governmental funds. The single exception to the general rule is for special
assessment bonds, which are accounted for in Special Assessment Funds.
The two account groups are not "funds." They are concerned only with the
measurement of financial position. They are not involved with measurement
of results of operations. -
Noncurrent portions of long-term receivables due to governmental funds are
reported on their balace sheets, in spite of their measurement focus.
However, special reporting treatments are used to indicate in all
governmental funds that they should not be considered "available spendable
resources," since they do not represent net current assets. Recognition of
revenues in these funds represented by noncurrent receivables are deferred
until they become current receivables.
Because of their spending measurement focus, expenditure recognition for
governmental fund types excludes amounts represented by noncurrent
liabilities, except special assessment funds.
Proprietary funds are accounted for on a cost of services or "capital
maintenance" measurement focus. This means that all assets, including fixed
assets, and all liabilities, including long-term liabilities, associated
with their activity are included on their balance sheets. Their reported
fund equity is segregated into contributed capital and retained earnings
components. Proprietary fund types operating statements present increases
(revenues) and decreases (expenses) in net total assets.
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are
recognized in the accounts and reported in the financial statements. Basis
of accounting relates to the timing of the measurements made, regardless of ..
the measurement focus applied.
40
IMM
imm
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
,^ DECEMBER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
C. Basis of Accounting (Continued)
Governmental Funds and Expendable Trust Funds are accounted for using the
modified accrual basis of accounting. Their revenues are recognized when
they become measurable and available. Substantially all sources are accrued
except interest on special assessments receivable, which is recognized when
due.
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred, except for principal
and interest on general long-term debt which is recognized when due.
-� Proprietary funds are accounted for using the accrual basis of accounting.
Revenues are recognized when they are earned, and expenses are recognized
when they are incurred.
D. Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data
reflected in the financial statements:
1. The City Manager submits to the City Council a proposed operating budget
for the fiscal year commencing the following January 1 . The operating
budget includes expenditures and the means of financing them.
2. Public hearings are conducted to obtain taxpayer comments.
3. The budget is legally enacted through passage of a resolution.
4. The City Council may authorize transfer of budgeted amounts between
departments within any fund.
5. Supplemental appropriations may be made during the year by the City
Council. These amounts must be financed by funds from the contingency
reserve set up in the general fund or by additional revenues.
6. All budget amounts lapse at the end of the year to the extent they have
not been expended or encumbered.
7. Formal budgetary integration is employed as a management control device
during the year for the General Fund and Special Revenue Funds. Formal
budgetary integration is not employed for Debt Service Funds because
effective budgetary control is alternatively achieved through general
obligation bond indenture provisions. Budgetary control for Capital
Projects and Special Assessment Funds is accomplished through the use of
project controls.
41
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
D. Budgets and Budgetary Accounting (Continued)
8. Budgets for the General and Special Revenue Funds are adopted on a basis -■•
consistent with generally accepted accounting principles (GAAP).
9. Budgetary control is maintained at the expenditure category level within
each activity. Budgetary control, by departments or divisions, and by
category is required by the City Charter.
10. The General Fund budget includes $109,494 of prior year encumbrances
which were expended during the year.
E. Assets, Liabilities and Fund Equity ^
1) Cash and Temporary Investments
Cash balances from all funds are combined and invested to the extent
available in certificates of deposit and U.S. government securities.
Earnings from such investments are allocated to the respective funds on
the basis of applicable cash balance participation by each fund.
Temporary investments are stated at cost which approximates market.
Investments are adjusted to market value only when a permanent decline
in market value has occurred or when such investments will not be
carried to maturity.
2) Inventory
F.I.F.O. based inventory is valued at the lower of cost or market based
on perpetual inventory systems in the Enterprise Funds.
3) Property Taxes
Property taxes are set by the City Council with the levy certified to ._
the County, who acts as collection agent, in October prior to the year
collectible. Such taxes constitute a lien on the property on January 1
of the year collectible. Cities in Minnesota operate under a levy
limitation law which generally permits an eight (8%) percent increase in
taxes levied per capita each year along with certain permitted special
levies as set forth in Minnesota Statutes. Levies for bonded
indebtedness are not limited by this law.
Allowances have been provided for all taxes receivable which were not
remitted to the City within sixty (60) days of year end, except when ^
remittances were legally held by the County beyond this date and were
measurable.
42
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
E. Assets, Liabilities and Fund Equity (Continued)
4) Special Assessments
Special assessments are recognized when they become both measurable and
available as net current assets. In practice, special assessment
■ principal is recognized as revenue in the year when assessments are due
to be collected.
._ 5) Property and Equipment/General Fixed Assets
All assets are recorded at historical cost or estimated historical cost,
if the original cost is not available. Donated assets are stated at the
fair market value on the date donated.
Additions to fixed assets for general City purposes, including public
domain (infrastructure) fixed assets are recorded as an expenditure of
the applicable fund in the year in which the asset is purchased or
constructed, and are capitalized in the General Fixed Asset Account
Group. Depreciation is not recorded on these assets.
Property and equipment of the proprietary funds are capitalized in these
funds. Depreciation of all exhaustible property and equipment of the
proprietary funds is charged as an expense against their operations and
accumulated depreciation is reported on proprietary fund balance sheets.
Depreciation has been provided over the estimated useful lives using the
straight line method. The estimated useful lives are as follows:
Land Improvements 20 years
Buildings 20 years
Office Equipment 5 - 10 years
Machinery and Equipment 5 - 10 years
Other Improvements 20 years
Capital leases are recorded as assets in either the proprietary funds or
in the general fixed asset account group, as appropriate.
The City Council has a policy of not depreciating water and sewer lines
paid for by special assessments. The reasoning for this is that Fridley
is still a young community. The original water and sewer lines have not
been fully paid for by the property owners. To require these same
property owners to pay for the lines by special assessments and also via
their utility bills would require the same customers to pay for the
system twice.
43
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECIDER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
E. Assets, Liabilities and Fund Equity (Continued)
6) Vacation and Sick Leave
The Employee Benefits Internal Service Fund reflects the City's accrued
liabilities for vacation and other benefits for all City employees,
exclusive of accrued sick leave which is not recorded. The estimated
potential liability for sick leave benefits is estimated to be $261 ,237
based on one-third (1/3) of the total sick leave accumulation for all
City employees as stated in the Personnel Ordinance. This potential
liability is covered by the $378,160 Retained Earnings in the Employee
Benefits Fund.
7) Encumbrances
Encumbrances represent purchase commitments. Encumbrances outstanding
at year end are reported as reservations of fund balance since they do
not constitute expenditures or liabilities.
F. Revenues, Expenditures and Expenses
The following transactions are accounted for as described below:
General Property Taxes - Revenue is recognized in the year of anticipated
collection, with amounts due from the County and received early in the
following year set up as receivable (current taxes receivable). Allowances
are provided for the full amount of delinquent taxes receivable. This has ^
the full effect of recognizing general property taxes as revenue when cash
is received because of the unavailability of the delinquent collections.
Principal Portion of Special Assessments - Revenue is recognized in the year
the assessment roll is due to be collected.
Interest Revenue on Special Assessments Receivable - Interest revenue is
recognized in the year of anticipated collection of the current principal
installment.
Interest Expense on Bonded Indebtedness - Interest expense is recorded as an
expenditure when paid in the governmental type fund types and accrued when
incurred in the proprietary fund types.
Bond and Interest Payments Due January 1 - Expenditures are recognized when
amounts are remitted to the paying agent (usually in December) for payment
of bonds and interest.
Unbilled Sewer and Water Fund Utility Service Receivables - are recorded at
year end.
44
Irma
- CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
1. Summary of Significant Accounting Principles (Continued)
G. Comparative Data
Comparative total data for the prior year has been presented in the
accompanying combined financial statements in order to provide an
understanding of changes in the City's financial position and operations.
However, comparative (i.e., presentation of prior year totals by fund type)
data have not been presented in all statements since their inclusion would
make the statements unduly complex and difficult to read. Certain 1981
amounts have been reclassified to conform to the 1982 presentation.
H. Total Columns on Combined Statements
Total columns on the combined statements are captioned "Memorandum Only" to
indicate that they are presented only to facilitate financial analysis. Data
in these columns do not present financial position, results of operations,
or changes in financial position in conformity with generally accepted
accounting priniciples. Interfund eliminations have not been made in the
aggregation of this data.
2. Accounting Change — Special Assessment Fund Accounting
The City changed its method of accounting for special assessment revenues and
receivables in accordance with NCGA Statement No. 1. Under this method, revenue
recognition for special assessments will be identical to that of the other
governmental fund revenues which are recognized when they become measurable and
available. Previously, special assessment revenues were recognized at the time
assessments were adopted.
Allowances have now been provided for all delinquent special assessments
receivable which were not available as net current assets. Deferred revenues
equal to any postponed or deferred assessments have also been recorded.
On January 1 , 1982 and 1981 fund balance and related 1981 revenues of the
Special Assessment Fund have been restated to reflect this accounting change.
The following is a summary of changes to previously reported amounts:
— Fund Balance 1981
1/1/82 1/1/81 Revenues
Balances as previously reported $ 5,054,294 $ 3,562,225 $2,502,430
Adjustment of special assessment
.� revenues and receivables (4,675,018) (3,940,055) (734,963)
Balances as restated $ 379,276 $ (377,830) $1,767,467
45
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECIDER 31, 1982
3. Extraordinary Item — Enterprise Funds (Public Utilities Fund)
The gain related to the sale of the City's sewer system to the Metropolitan
Waste Control Commission (MWCC) had been deferred because of uncertainties
surrounding the repayment of this amount. The MWCC, however, has been and will
continue to repay this amount by issuing credits against future billings and the
uncertainty of collectibility no longer exists. Therefore, the remaining
deferred gain of $396,034 as of December 31, 1981 was recognized as income for
1982. Previously, the balance of the gain was recognized on the installment
basis and included in income as received. In 1981 , this amounted to $17,356.
4. Special Assessments Receivable "'
Special assessments receivable at December 31, 1982 are as follows:
Special
General Assessment Total
Deferred $ 18,650 $3,928,972 $3,947,622
Delinquent 10,022 408,393 418,415
Total 28,672 4,337,365 4,366,037
Less: allowance for
uncollectible (10,022) (408,393) $ (418,415)
Net $ 18,650 $32928,972 $3,947,622
5. Due From Other Governments
General Fund:
1. State of Minnesota
a) Section 8 Housing $ 6,639
b) State Aid Maintenance 2,814
2. Metropolitan Council 4,729
3. Anoka County 11 ,835
4. City of Hilltop 6,118
$32,135
Special Revenue Funds:
1. State of Minnesota, Construction
Money Expended in 1982 $11,664
2. Federal Government, Revenue Sharing 47,156,
#58,820
46
CITY OF FRIDLET, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
5. Due From Other Governments (Continued)
Capital Projects Funds:
1. Univeristy Avenue Bikeway/Walkway,
State Grant $1,123
Enterprise Funds - Public Utilities Fund:
1. Metropolitan Waste Control Commission
Current portion $ 13,311
Long-term portion 367,773
.. The receivable in the Public Utilities Enterprise Fund represents:
1. The balance for the City's share of equity in the City's sewer interceptors
is $328,040 (the interceptors were sold to the Metropolitan Waste Control
Commission January 1 , 1971). This receivable will be paid to the City in
annual installments with interest through 1999. Repayment will be made by
issuing credits against future disposal charges from the Commission.
2. The amount of $39,733, which will be repaid with interest through 1998, is
for advances made to the Commission during 1971 and 1972.
6. Changes in General Fixed Assets
A summary of changes in general fixed assets are as follows:
Balance Balance
Jan 1, 1982 Additions Deletions Dec 31, 1982
-� Land $ 1,656,779 $ 314,196 $ 454,822 $ 1,516,153
Buildings 1 ,629,919 121 ,632 132,456 1,619,095
Improvements other than
buildings 13,350,278 747,210 68,925 14,028,563
Machinery and equipment 1 ,729,326 426,658 405,167 1,786,817
Construction in progress 680,205 1 ,046,208 411,531 1,314,882
Total 09,046,507 $2,691,904 $1,472,901 $20,265,510
.. Construction in progress is composed of the following:
Land $ 380,312
Improvements 934,570
Total $1,314,882
47
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
7. Summary of Proprietary Fund Property and Equipment
A summary of proprietary fund type property, plant and equipment at December 31,
1982 follows:
Public
Liquor Utilities Total
Land $ 66,961 $ 154,881 $ 221,842
Buildings 130,211 754,608 884,819
Improvements other than buildings 1 ,469 123,909 125,378 --
Machinery and equipment 124,998 2,018,213 2,143,211
Water and sewer lines 10,166,680 10,166,680
Total 323,639 13,218,291 13,541,930
Less: accumulated depreciation (85,545) (1,560,424) 1,645,969
Net $238,094 $11,657,867 $11,895,961 .,
8. Changes in Long-Term Debt
The following is a summary of long-term debt transactions of the City of the
year ended December 31, 1982:
General Special
Long-Term Enterprise Assessment "'
Debt Funds Funds Total
Bonds payable -"
at Janaury 1, 1982 $2,370,000 $320,000 $6,264,000 $8,954,000
New bonds issued:
General Obligation:
Tax Increment
Redevelopment Bonds 1,225,000 1,225,000
Special Assessment Bonds 1 ,425,000 1,425,000 ,^
Bonds retired (30,000) (50,000) (2,364,000) 2,444,000
Bonds payable
at December 31, 1982 $3,565,000 $270,000 $5,325,000 $9,160,000
Bonds payable at December 31, 1982 are comprised of the following individual
issues (in thousands of dollars):
48
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINOED)
DECEMBER 31, 1982
8. Changes in Long-Tern Debt (Continued)
General Long-Tern Debt:
$500,000 Civic Center Bonds of 1965 due in varying annual
installments of $15,000 - $35,000 through February 1 , 1987 and
$20,000 on the final maturity date, February 1, 1988 interest at
3.20% - 3.50% 140
$2,200,000 General Obligation Tax Increment Redevelopment Bonds
of 1981 due in varying annual, installments of $50,000 - $250,000
through February 1, 1999; interest at 7.10% - 9.00% 2,200
$625,000 General Obligation Tax Increment Redevelopment Bonds of
1982 due in varying annual installments of $5,000 - $85,000
through February 1, 1999; interest at 8.50% - 10.70% 625
$600,000 General Obligation Tax Increment Redevelopment Bonds of
1982 due in varying annual installments of $5,000 - $100,000
through February 1, 1999; interest at 6.50% - 9.75% 600
3,565
— Enterprise Fund:
$780,000 General Obligation (G.0) Water Revenue Bonds of 1965
due in annual installments of $50,000 through February 1 , 1987
and $20,000 on the final maturity date, February 1 , 1988;
interest at 3.20% - 3.50% 270
Special Assesment Funds:
$715,000 Improvement Bonds of 1965 due in annual installments of
$25,000 through February 1 , 1985 and $20,000 on the final
maturity date, February 1, 1986; interest at 3.20% - 3.50% 95
$1 ,830,000 Improvement Bonds of 1967 due in varying annual
installments of $20,000 - $40,000 through Janaury 1 , 1988;
interest at 4.20$ - 4.50% 140
$2,135,000 G.O. Special Assessment Bonds of 1972 due in varying
annual installments of $50,000 - $150,000 through January 1 ,
-' 1994; interest at 3.80% - 5.30$ 675
$1 ,220,000 Refunding Bonds of 1967 due in varying annual
installments of $10,000 - $95,000 through January 1 , 1989;
interest at 6.00% 235
$1 ,550,000 Special Assessment Bonds of 1976 due in varying
annual installments of $25,000 - $175,000 through February 1 ,
1990; interest at 3.75% - 6.00% 500
$1 , 115,000 Special Assessment Bonds of 1977 due in varying
annual installments of $50,000 - $115,000 through February 1 ,
1989; interest at 3.10$ - 4.90% 655
49
CITY OF FRIDLE , MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
8. Changes in Lone-Term Debt (Continued)
Special Assesment Funds (Continued):
$1 ,755,000 Special Assessment Bonds of 1980 due in varying
annual installments of $25,000 - $155,000 through February 1 ,
2001; interest at 7.25% - 8.50% 1,600
$1 ,425,000 Special Assessment Bonds of 1982 due in varying
annual installments of $15,000 - $175,000 through February 1 ,
1999; interest at 8.50% - 10.70% 1,425
5,325
The annual requirements to amortize all debt outstanding as of December 31 ,
1982, including interest payments of $4,474,291 , are as follows:
Annual Requirements to Amortize Long-Term Debt
December 31 , 1982
Tear Ending Civic Center Redevelopment Enterprise Assessment
Deoember 31 Bonds Bonds Fund Fund Total
1983 39,288 246,100 58,575 1,175,035 1 ,518,998
1984 38,062 294,325 56,825 994,770 1,383,982
1985 36,837 319,636 55,075 865,975 1 ,277,523
1986 35,613 313,764 53,325 804,764 1,207,466
1987 307,810 51 ,575 753,405 1,112,940
1988 - 1992 1,691,364 2,218,155 3,929,869
1993 - 1997 1,805,156 543,156 2,348,912
1998 - 2001 689,113 165,638 854,751
8149,800 $5,667,268 8295:725 $7,521,498 $13,6311,291
$611 ,810 is available in the Debt Service Fund to service the General -,
Obligation Bonds.
The General Obligation Tax Increment Financing Bonds are payable by the
money generated from the Tax Increment District within the City.
There are a number of limitations and restrictions contained in the various
bond indentures. The City is in compliance with all significant limitaitons
and restrictions.
Legal Debt Margin - Under applicable State Statutes, the legal debt margin .�
is 6.667% of the most recent assessed valuation less certain deductions. At
December 31, 1982, the legal debt margin was $14,319,673.
50
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
9. Retirement Plans
The City is involved in four pension plans, with other agencies being
responsible for the administration of each plan. The City is making all pension
contributions as required by law.
Fridley Polioe Relief Association and Fridley Fire Relief Association - These
Associations are independent entities that administer pension plans for 17 and
45 members respectively. The City levies taxes for pension contributions to the
Associations when necessary in accordance with State Statutes. The pension
levies satisy the Police Relief Association Guidelines Act, which requires that
contributions cover normal cost, interest at five (5%) percent on the unfunded
liability, and an amount for amortization of any unfunded pension liability by
the year 2010.
State law requires an actuarial study every two years. Based on the latest
actuarial study for the Police Relief Association as of December 31 , 1982, the
actuarial liability exceeded pension fund assets by approximately $1 ,556 ,537.
The lastest study for the Firemen's Relief Association as of May 18, 1981 stated
that there was an excess of pension fund assets over accrued liabilities of
$2,283.
Ammi
Public Employee Retirement Association - All permanent City employees are
covered by the Public Employee Retirement Association (PERA) which is a
state-wide plan and is administered by an independent agency of the State of
Minnesota. The City's contribution ranges from 5.5% to 12.0% of its employees'
wages, and the rate is determined by the particular plan the employee belongs
to. The cost of PERA in 1981 and 1982 was $187,250, and $202,944, respectively.
State law provides that the City contribute an amount that will fund the current
year costs as they accrue and to fund the amortization of prior service costs
with full funding required by the year 2010. According to the latest PERA
-- annual report, the unfunded accrued liability was $382,031 ,130 as of June 30,
1982. The amount of unfunded prior service cost for each governmental unit
served by PERA is not available.
Federal Insurance Contribution Act (Social Security) - Approximately sixty (60%)
percent of the permanent City employees are covered by Social Security. The 1981
contribution rate was 6.65% on $29,700 in wages, and the 1982 contribution rate
was 6.70% on $32,400 in wages. The cost of Social Security in 1981 and 1982 was
$90,845 and $95,898 respectively.
10. Leases
.� The City leases space for Liquor Store No. 4 at the Holly Shopping Center, 6586
University Avenue Northeast. An eight-year lease was entered into on October
30, 1978 which provides for the following payments effective May 1 , 1979:
$13,600 per annum for each of the first four lease years
$13,192 per annum for each of the fifth throughout eighth years
51
CITY OF FRIDLET, MINNESOTA --
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
10. Leases (Continued)
In addition to the above amounts, the City is required to pay $61 each month for
the first four years of the lease for lot maintenance and $73 per month during
the fifth through the eighth years for lot maintenance. The City will also share
a pro rata basis any increase in taxes over the base year of 1978.
11. Interfund Receivables and Payables
Interlund Interfund
Fund Receivables Payables
General Fund $153,556 $
Home Ownership Fund 2,680
Housing and Redevelopment Authority Fund 850 156,236
Public Utility Fund 850
$157,086 $157,086
12. Reserved Fund Balances/Retained Earnings
The following reservations have been made of various fund balances/retained
earnings at December 31, 1982:
Fund Balance
General Fund -`
Reserved for:
Encumbrances $ 345,087
Fixed asset replacement 700,000
Working capital 1,600,000
2,645,087
Debt service Fund
Reserved for Debt Service 611,810
Capital Projects Fund
Reserved for Fixed Asset Replacement 1,197,517
Special Assessment Fund
Reserved for:
Encumbrances 121,753
Debt Service 874,821 '-
996,574
Total reservations $5,450,988
Retained Earnings ^'
Internal Service Fund
Reserved for employee benefits $ 378,160
52
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
12. Reserved Fund Balanoes/Retained Earnings (Continued)
No reservations have been made in the Enterprise Funds for restricted assets, as
there was no excess of restricted assets over the related liabilities.
13. Designated Fund Balance
The following designations have been made of various fund balances at December
31, 1982:
i General Fund
For Subsequent Years Expenditure $505, 400
Special Revenue
Municipal state Aid Fund
For Subsequent Years Expenditure 21 ,000
Revenue Sharing Fund
For Subsequent Years Expenditure 92,100
Total $618,500
i
i
53
CITY OF FRIDLEY, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
14. Segment Information for Enterprise Funds
The City maintains operating funds for Liquor and Public Utilities. Segment
information for the year ended December 31, 1982 are as follows:
Total
Enterprise
Liquor Utilities Funds
Sales (less cost of
sales of $1,399,165) $ 340,059 $ -0- $ 340,059
Operating revenues -0- 1,753,918 1,753,918
Operating expenses (259,584) (1,767,818) 2,027,402
Operating 'noose (loss) 80,475 (13,900) 66,575
Nonoperating revenues 88,128 304,809 392,937
Income before extraordinary
item and operating transfers 168,603 290,909 459,512
Extraordinary item -0- 396,034 396,034
Inoo■e before operating
transfers 168,603 686,943 855,546 --
Operating transfers from (to)
other funds (100,000) 8,360 (91 ,640)
Net change in retained earnings $ 68,603 $ 695,303 $ 763,906
Depreciation expense included
in operating expenses 15,534 84,402 99,936
Property and equipment
Additions 43,560 97,453 141 ,013
Deletions 20,915 74,806 95,721
Net working capital 794,118 3,209,723 4,003,841
Bonds and other long-term
liabilities payable from
operating revenues -0- 270,000 270,000
Total assets 1,136,662 15,546,451 16,683,113
Total equity $1,032,212 $15,203,431 $16,235,643
54
CITY OF FRIDLET, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1982
15. Contingent Liabilities
The City participates in a number of federally assisted grant programs,
principal of which are the General Revenue Sharing and Land and Water
Conservation Programs. These programs are subject to program compliance audits
by the grantors or their representatives. The audits of these programs for the
year ended December 31 , 1982 have not yet been conducted. Accordingly, the
City's compliance with applicable grant requirements will be established at some
future date. The amount, if any, of expenditures which may be disallowed by the
granting agencies cannot be determined at this time although the City expects
such amounts, if any, to be immaterial.
r-.
The City participates under a joint powers agreement in a data processing
consortium. In accordance with the terms of the agreement, if the City were to
withdraw prior to January 1 , 1985, the City would be responsible for is
proportionate share of capital costs as follows:
1983 $10,882
1984 10,785
1985 15,860
-- Total $37,527
16. Litigation
The City had the usual and customary type of miscellaneous claims pending at
year-end, mostly of a minor nature and usually all covered by insurance carried
for that purpose. At the present time, there is no significant litigation
pending not covered by the City's insurance.
55
GENERAL FUND
The General Fund was established to account for the revenues and expenditures necessary to
carry out basic governmental activities of the City, such as general government, public safety, and
public works. Revenues are recognized by source, such as property taxes, licenses and permits,
fines and forfeits, charges for services and state-shared taxes. General Fund expenditures are
made primarily for current day to day operations and are recorded by functional classifications and
by operating departments. This fund accounts for all financial transactions not accounted for in
another fund.
•
Exhibit B-1
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash $ 13,182 $ 88,151
Investments, at cost 3,442,793 2,439,489
Receivables:
Accounts 5,616 30,386
Taxes
Unremitted 8,711 17,532
Delinquent 145,560 274,678
Less: estimated uncollectable (145,560) (274,678)
Special assesments
Deferred prinicipal 18,650 5,756
Delinquent 10,022 9,332
Less: estimated uncollectable (10,022) (9,332)
Interest 272,388 358,034
Due from other funds 153,556
-- Due from other governments 32,135 623,950
Inventories at cost 22,869 17,352
Total assets $3,969,900 $3,580,650
Liabilities and Fund Balance
Liabilities:
Accounts payable 98,090 73,930
Deposits payable 19,270 16,765
Salaries payable 39,644 44,833
Deferred revenue 27,361 23,289
•. Due to other governments 2,108 14,830
Total liabilities 186,473 173,647
Fund balance:
Reserve for encumbrances 345,087 384,590
Reserve for replacement of fixed assets 700,000 700,000
Reserve for working capital 1 ,600,000 1 ,100,000
Unreserved -
Designated for subsequent years expenditure 505,400 288,000
Undesignated 632,940 934,413
Total fund balance 3,783,427 3,407,003
Total liabilities and fund balance $3,969,900 $3,580,650
57
Exhibit B-2
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
Revenues:
Taxes and special assessments $2,461,426 $2,392,519 $ (68,907) $2,085,759
Licenses and permits 267,002 254,039 (12,963) 192,347
Intergovernmental revenue 2,065,966 1 ,958,152 (107,814) 2,583,580
Charges for current services 133,000 145,551 12,551 129,887
Fines and forfeits 107,000 146,334 39,334 119,428
Interest on investments 210,000 236,197 26,197 311,544 ^
Miscellaneous 48,000 138,493 90,493 74,223
Total revenues 5,292,394 5,271,285 (21,109) 5,496,768
Expenditures:
Current
General government 869,265 747,176 122,089 719,395
Public safety 2,118,313 1 ,939,996 178,317 1 ,870,076 -,
Civic center 143,994 115,893 28,101 122,409
Public works 1 ,158,596 1,129,875 28,721 1 ,408,789
Parks and recreation 1 ,037,964 911 ,141 126,823 995,335
Debt service 16,033 16,033 16,030 '
Reserve for contingency 175,500 175,500
Capital outlay 500,120 367,609 132,511 256,753
Total expenditures 6,019,785 5,227,723 792,062 5,388,787
Excess (deficiency) of revenues -.
over expenditures (727,391) 43,562 770,953 107,981
Other financing sources (uses):
Operating transfers in 490,000 528,895 38,895 460,000 ^'
Operating transfers out (160,603) (196,033) (35,430) (117,655)
Total other financing
sources (uses) 329,397 332,862 3.465 342,345.
Excess (deficiency) of revenues
and other financing sources
over expenditures and other
financing uses (397,994) 376,424 774,418 450,326
Fund balance January 1 3,407,003 3,407,003 2,956,677 -
Fund balance December 31 $3,009,009 $3,783,427 $ 774,418 $3,407,003
58
"- Exhibit 6-3
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUES AND OTHER FINANCING SOURCES - BUDGET AND ACTUAL
Year Ended December 31, 1982
-. With Comparative Actual Amounts for Year Ended December 31, 1981
.. 1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
" Taxes:
Current ad valorem taxes $2,412,426 $2,359,603 $ (52,823) $2,028,517
Delinquent ad valorem taxes 30,000 19,589 (10,411) 40,791
▪ Penalties and interest 3,500 8,504 5,004 6,156
Forfeited sale-taxes 10,000 1 ,556 (8,444) 6,990
Special assessments 5,500 3,267 (2,233) 3,305
.. Total taxes 2,461,426 2,392,519 (68,907) 2,085,759
Licenses and permits:
Licenses -
"" Contractor 19,563 10,371 (9,192) 10,657
Business 124,236 126,118 1,882 89,449
All other 3,706 5,563 1,857 5,474
• Permits 119,497 111 ,987 (7,510) 86,767
Total licenses and permits 267,002 254,039 (12,963) 192,347
• Intergovernmental revenue:
Civil defense 12,000 15,435 3,435 6,488
Other federal grants 10,000 21 ,832 11,832 327,103
State maintenance aid 27,000 28,140 1 ,140 27,794
"' Attached machinery aid 19,335 17,058 (2,277) 19,694
Homestead credit 340,000 340,000 603,677
Local government aid 1,502,631 1,325,693 (176,938) 1,406,047
▪ Other state grants 25,310 25,310 24,865
Police and fire pension 120,000 135,861 15,861 123,905
Local grants 35,000 48,823 13,823 44,007
Total intergovernmental revenue 2,065,966 1,958,152 (107,814) 2,583,580
Charges for services:
." General government 16,000 12,414 (3,586) 11,510
Public safety 25,000 21 ,308 (3,692) 18,925
Conservation of health 22,000 19,291 (2,709) 15,159
Recreation 70,000 92,538 22,538 84,293
Total charges for current services 133,000 145,551 12,551 129,887
Fines and forfeitures 107,000 146,334 39,334 119,428
Interest on investments 210,000 236,197 26,197 311,544
(Continued)
59
Exhibit B-3
Continued
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUES AND OTHER FINANCING SOURCES - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual -,
Miscellaneous revenue:
Rent income $ 8,000 $ 8,252 $ 252 $ 8,555 ,_
Sale of property 15,000 113,236 98,236 42,339
Donations 15,000 11 ,315 (3,685) 9,051
Miscellaneous refunds 10,000 5,690 (4,310) 14,278
Total miscellaneous revenue 48,000 138,493 90,493 74,223
Total revenue 5,292,394 5,271,285 (21,109) 5,496,768
Other financing sources:
Operating transfers from -
Municipal State Aid Fund 135,000 170,430 35,430 125,000
Revenue Sharing Fund 255,000 255,000 245,000
Sears Fund 1,310 1 ,310
Special Assessment Revolving Fund 2,155 2,155
Liquor Fund 100,000 100,000 90,000 �.
Total other financing sources 490,000 528,895 38,895 460,000
Total revenues and other
financing sources $5,782,394 $5,800,180 $ 17,786 $5,956,768
60
Exhibit B-4
CITY OF FRIIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND OTHER FINANCING USES - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual mounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
General government:
Mayor and council -
Personal services $ 62,346 $ 49,321 $ 13,025 $ 49,930
Supplies and other charges 27,850 22,810 5,040 22,561
90,196 72,1310 18,065 72,491,
Planning commission -
Personal services 28,029 24,555 3,474 24,802
■. Supplies and other charges 10,315 4,337 5,978 5,470
38,344 28,8920 9,452 30,272
Other commissions -
.. Personal services 10,243 5,214 5,029 9,458
Supplies and other charges 34,738 23,642 11 ,096 39,190
44,981 28,8560, 16,125 48,648
City manager -
Personal services 131,137 95,896 35,241 119,470
Supplies and other charges 48,805 43,953 4,852 43,098
-. 179,942 139,84 40,093 162,568
Personnel -
Personal services 28,911 29,190 (279) 27,224
Supplies and other charges 5,750 3,756 1 ,994 4,150
34,661 32,946 ; 1,715 31,374
Legal -
'^ Personal services 6,221 2,171 4,050
Supplies and other charges 84,119 83,979 140 60,088
90,340 86,150 z5' 4,190 60,088
Elections -
Personal services 33,090 27,626 5,464 7,254
Supplies and other charges 3,410 6,332 (2,922) 1,613
36,500 33,9580 2,542 8,867
Accounting -
Personal services 127,779 122,087 5,692 116,991
Supplies and other charges 75,099 72,917 2,182 60,454
202,878 195,00423 7,874 177,445
Assessing -
Personal services 134,673 118,506 16,167 118,442
Supplies and other charges 16,750 10,884 5,866 9,200
151 ,423 129,390E 22,033 127,642
Total general government 869,265 747,176 122,089 719.395
(Continued)
61
Exhibit B-4
Continued
CITY OF FRIDLEY, MINNESOTA
GENERAL FOND
STATEMENT OF EXPENDITURES AND OTHER FINANCING USES - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
Public safety:
Police -
Personal services 1 ,471,059 1 ,337,996 133,063 $1,188,421
Supplies and other charges 206,164 187,041 19,123 210,877
1 ,677,223 1 ,525,03767-; 152,186 1,399,298
Fire -
Personal services 325,253 303,666 21 ,587 313,916
Supplies and other charges 60,900 64,735 (3,835) 117,126
386,153 368,4010 17,752 431,042
Civil defense -
Personal services 47,457 42,522 4,935 36,379
Supplies and other charges 7,480 4,036 3,444 3,357
54,937 46,558 8,379 39,736
Total public safety 2,118,313 1,939,996 178,317 1,870,076
Civic center:
Personal services 61 ,920 49,576 12,344 60,134
Supplies and other charges 82,074 66,317 15,757 62,275 .,
143,994 115,893e 28,101 122,409
Public works:
Code enforcement -
Personal services 160,404 153,808 6,596 153,225
Supplies and other charges 30,900 21,726_ 9,174 23,170
191 ,304 175,5345 15,770 176,395 --
Planning -
Personal services 120,161 126,809 (6,648) 90,314
Supplies and other charges 21 ,719 14,341 7,378 316,236
141 ,880 141 ,150 9 730 406,550
Engineering -
Personal services 70,667 70,513 154 66,375
Supplies and other charges 26,375 20,380 5,995 34,370
97,042 90,69315 6,149 100,745
Public works -
Personal services 327,118 323,015 4,103 313,532
Supplies and other charges 401 ,252 399,283 1 ,969 411 ,567
728,370 722,298 6,072 725,099
Total public works 1,158,596 1,129,875 28,721 1,408,789
(Continued)
62
Exhibit B-4
Continued
- CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND OTHER FINANCING USES - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended Deaeeber 31, 1981
1982
Variance-
.. Favorable 1981
Budget Actual (Unfavorable) Actual
Parks and recreation:
,_ Naturalist -
Personal services 70,445 73,617 (3,172) $ 55,587
Supplies and other charges 31 ,115 21,750 9,365 27,644
101,560 95,36•W 6,193 83,231
Parks -
Personal services 285,529 293,609 (8,080) 251 ,777
Supplies and other charges 252,768 208,730 44,038 294,254
538,297 502,339 6- 35,958 546,031
Recreation -
.- Personal services 266,509 223,324 43,185 241 ,665
Supplies and other charges 131,598 90,111 41 ,487 124,408
398,107 313,435 84,672 366,073
"' Total parks and recreation 1,037,964 911,141 126,823 995,335
Debt service:
Principal 14,845 14,845 13,743
Interest 1 ,188 1 ,188'',N 2,287
Total debt service 16,033 16,033 -0- 16,030
.. Reserve for contingencies 175,500 -0- 175,500 -0-
Capital outlay expenditures -
Other commissions 5,804 6,806 (1,002)
.. City manager 2,160 2,176.'' (16) 3,645
Personnel 250 250
Elections 712
., Accounting 545 500(" 45 913
Assessing 4,845 4,845 430
Police 87,247 79,600e 7,647 76,133
Fire 90,886 65,658 25,228 48,579
Civil defense 116 (116)
Civic center 26,400 442'72., 25,958 15,567
Code enforcement 150 150
.. Planning 725 719 10 712
Engineering 1,150 1 ,0832 67 254
Public works 90,123 79,778 10,345 17,332
Naturalist 8,745 2,034 6,711 1 ,316
-' Parks 175,805 128,701E 47,104 91 ,160
Recreation 5,285 5,285
Total capital outlay 500,120 367,609 132,511 256,753
Total expenditures 6,019,785 5,227,723 792,062 5,388,787
(Continued)
63
Exhibit B-4
Continued
CITY OF FRIDLEY, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND OTHER MINCING USES - BUDGET AID ACTUAL
Tear Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
Other financing uses -
Operating transfers to other funds $ 160,603 $ 196,033 $ (35,430) $ 117,655
Total expenditures and
other financing uses $6,180,388 $5,423,756 $ 756,632 $5,506,442
a
64
SPECIAL REVENUE FUNDS
Special revenue funds are used to account for revenues from specific sources.
They are usually required by statute, ordinance or administrative action to
finance particular activities of government.
CITY OF FRIDLEY, MINNESOTA
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
December 31, 1982
With Comparative Totals for December 31, 1981
Municipal
State Revenue Cable
Aid Sharing TV
Assets
Cash (deficit) $ (82,339) $ $(31,870)
Investments, at cost 1 ,223,255 63,392
Accounts receivable 106,910
Interest receivable
Due from other funds
Due from other governments 11 ,664 47,156
Total assets $1,152,580 $110,548 $ 75,040
Liabilities and Fund Balance
Liabilities:
Accounts payable 1 ,886
Deposits payable
Contracts payable
Salaries payable
Due to other funds
Total liabilities -0- -0- 1,886
Fund balance:
Unreserved -
Designated for subsequent
years expenditure 21 ,000 92,100
Undesignated 1 ,131 ,580 18,448 73,154
Total fund balance 1,152,580 110,548 73,154
Total liabilities and
fund balance $1,152,580 $110,548 $ 75,040
66
Exhibit C-1
'- Home Totals
Ownership HMI 1982 1981
$(2,680) $ 22,146 $ (94,743) $ (218,294)
1 ,575,724 2,862,371 3,358,071
106,910 42,243
27,143 27,143 284,454
2,680 850 3,530 2,409
58,820 57,815
$ —0— $1,625,863 $2,964,031 $3,526,698
80,649 82,535 4,999
10,000 10,000 471
47,879 47,879
23
156,236 156,236 318,529
294,764 296,650 324,022
113,100 68,000
1 ,331,099 2,554,281 3,134,676
—0— 1,331,099 2,667,381 3,202,676
$ —0— $1,625,863 $2,964,031 $3,526,698
67
CITY OF FRIDLEY, MINNESOTA
SPECIAL REVENUE FUNDS -
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
Municipal
State Revenue Cable
Aid Sharing TV
Revenues:
Taxes and special assessments $ $ $
Licenses and permits 106,910 ^
Intergovernmental revenue 75,209 196,355
Fines and forfeitures
Interest on investments 121 ,277 24,578 4,674 .,
Miscellaneous
Total revenues 196,486 220,933 111,584
Expenditures:
Current -
General government 171 82,087
Public works
Capital outlay 990
Total expenditures -0- 171 83,077
Excess of revenues over expenditures 196,486 220,762 28,507
Other financing sources (uses):
Operating transfers in
Operating transfers out (235,835) (255,000)
Total other financing sources (uses) (235,835) (255,000) -0-
Excess (deficiency) of revenues and
other financing sources over
expenditures and other financing
uses (39,349) (34,238) 28,507
Fund balance January 1 1,191,929 144,786 44,647 --
Fund balance December 31 $1,152,580 $ 110,548 $ 73,154
68
Exhibit C-2
Home Totals
Ownership SRA 1982 1981
152
106,910 41 ,554
374 1 ,150 273,088 752,484
5,000
95,263 245,792 458,652
41 ,401 41 ,401 17,989
374 137,814 667,191 1,275,831
82,258
374 191 ,744 192,118 77,531
1,473,538 1 ,474,528 949,832
374 1,665,282 1,748,904 1,027,363
-0- (1,527,468) (1,081,713) 248,468
1 ,037,253 1,037,253 2,175,914
(490,835) (437,550)
-O- 1,037,253 546,418 1,738,364
-0- (490,215) (535,295) 1,986,832
-0- 1,821,314 3,202,676 1,215,844
$-0- $ 1,331,099 $2,667,381 $3,202,676
69
Exhibit C-3
CITY OF FRIra-EY, MINNESOTA
MUNICIPAL STATE AID SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash $ (82,339) $ 89,776
Investments, at cost 1 ,223,255 1 ,094,070
Due from other governments 11 ,664 8,083
Total assets $1,152,580 $1,191,929
Fund Balance
Fund balance:
Unreserved -
Designated for subsequent years expenditure 21 ,000 21 ,000
Undesignated 1 ,131 ,580 1,170,929
Total fund balance $1,152,580 $1,191,929
70
Exhibit C-4
CITY OF FRIDLEY, MINNESOTA
MUNICIPAL STATE AID SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
'- Budget Actual (Unfavorable) Actual
Revenues:
-� Intergovernmental - Minnesota
state aid $ 215,700 $ 75,209 $(140,491) $ 232,782
Interest on investments 70,000 121,277 51 ,277 138,082
Total revenues 285,700 196,486 (89,214) 370,864
Other financing sources (uses):
Operating transfers in 20,000 (20,000)
• Operating transfers out -
General Fund (110,000) (170,430) (60,430) (125,000)
Special Assessment Fund (216,700) (65,405) 151 ,295 (65,365)
Total other financing
sources (uses) (306,700) (235,835) 70,865 (190,365)
-- Exoess (deficiency) of revenues
and other financing sources
over expenditures and other
financing uses (21,000) (39,349) (18,349) 180,499
Fund balance January 1 1,191,929 1,191,929 1,011,430
— Fund balance Deoember 31 $1,170,929 $1,152,580 1.1202) $1 191 929
71
Exhibit C-5
CITY OF FRIDLEY, MINNESOTA
REVENUE SNARING SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash (deficit) $ $(279,220)
Investments, at cost 63,392 374,274
Due from other governments 47,156 49,732
Total assets $110,548 $ 144,786
Fund Balance
Fund balance:
Unreserved - -,
Designated for subsequent years expenditure 92,100 47,000
Undesignated 18,448 97,786
Total fund balance $110,548 $ 144:786
72
Exhibit C-6
•
CITY OF FRIDLEY, MINNESOTA
REVENUE SHARING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
Revenues:
Intergovernmental -
Revenue sharing $201 ,000 $196,355 $(4,645) $212,074
Interest on investments 7,000 24,578 17,578 33,023
Total revenues 208,000 220,933 12,933 245,097
Expenditures:
General government -
^` Personal services 129 129
Supplies and other charges 42 42
Total expenditures 171 171 -0- -0-
..
Excess (deficiency) of
revenues over expenditures 207,829 220,762 12,933 245,097
Other financing uses:
Operating transfers out -
General fund (255,000) (255,000) -0- (245,000)
Excess (deficiency) of
revenues and other financing
sources over expenditures
and other financing uses (47,171) (34,238) 12,933 97
Fund balance January 1 144,786 144,786 144,689
Fund balance December 31 $ 97,615 $110,548 $12,933 $144,786
73
Exhibit C-7
CITY OF FRIDLEY, MINNESOTA
CABLE TV SPECIAL REVENUE FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash (deficit) $(31,870) $(26,838) ^
Investments, at cost 29,931
Accounts receivable 106,910 41 ,554
^
Total assets $ 75,040 $ 44,647
Liabilities and Fund Balance
Liabilities:
Accounts payable 1,886 -0- -,
Fund balance:
Unreserved - undesignated 73,154 44,647
Total liabilities and !kind balance $ 75,040 $ 44,647
74
-- Exhibit C-8
CITY OF FRIDLEY, MINNESOTA
'-' CABLE TV SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
Revenues:
Licenses - Cable TV $90,000 $106,910 $16,910 $41 ,554
Interest on investments 3,000 4,674 1 ,674 3,093
Total revenues 93,000 111,584 18,584 44,647
Expenditures:
Current -
General government
Personal services 35,000 30,302 4,698
Supplies and other charges 52,000 51 ,785 215
Capital outlay 900 990 (90)
•-• Total expenditures 87,900 83,077 4,823 -0-
Excess (deficiency) of
revenues over expenditures 5,100 28,507 23,407 44,647
Fund balance January 1 44,647 44,647 -O-
.. Fund balance December 31 $49,747 $ 73,154 $23,407 $44,647
75
Exhibit C-9
CITY OF FRIDLEY, MINNESOTA
HONE OWNERSHIP SPECIAL REVENUE FUND -'
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash (deficit) $(2,680) $(2,386)
Due from other funds 2,680 2,409
Total assets $ -0- $ 23
Liabilities and Fund Balance
Liabilities:
Salaries payable -0- 23
Fund balance:
Unreserved - undesignated -0- -0-
Total liabilities and fund balance $ -0- # 23
76
Exhibit C-10
CITY OF FRIDLEY, MINNESOTA
HOME OWNERSHIP SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Variance-
Favorable 1981
Budget Actual (Unfavorable) Actual
Revenues:
Intergovernmental -
Housing Redevelopment Authority $ 374 $ 374 $ -0- $ 3,570
Expenditures:
Current -
Public Works
Personal services 102 102 3,230
Supplies and other charges 272 272 340
Total expenditures 374 374 -0- 3,570
Excess (deficiency) of
revenues over expenditures -0- -0- -0- -O-
.. Fund balance January 1 -0- -0- -0-
Fund balance December 31 $ -0- $ -0- $ -0- $ -0-
M4
MM
77
Exhibit C-11
CITY OF FRIDLEY, MINNESOTA
HOUSING AID REDEVELOPMENT AUTHORITY SPECIAL REVENUE FUND ^'
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash $ 22,146 $ 374 -
Investments, at cost 1 ,575,724 1 ,859,796
Accounts receivable 689
Interest receivable 27,143 284,454
Due from other funds 850
Total assets $1,625,863 $2,145,313,
Liabilities and Fund Balance
Liabilities:
Accounts payable 80,649 4,999
Deposits payable 10,000 471
Contracts payable 47,879
Due to other funds 156,236 318,529
Total liabilities 294,764 323,999
Fund balance:
Unreserved - undesignated 1,331,099 1,821,314
Total liabilities and fund balance $1,625,863 $2,145,313
78
Exhibit C-12
CITY OF FRIDLEY, MINNESOTA
HOUSING AID REDEVELOPMENT AUTHORITY SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982
Varianoe-
Favorable 1981
Budget Actual (Unfavorable) Actual
Revenues:
Taxes and special assessments # -0- $ -0- $ -0- $ 152
Intergovernmental Revenue -
Housing Redevelopment Authority 1,000 1,150 150 304,058
Fines and forfeits -0- -0- -0- 5,000
Interest on investments 90,000 95,263 5,263 284,454
Miscellaneous Revenue:
Rent income 30,000 32,080 2,080 5,989
Sale of property 5,000 8,471 3,471 12,000
Other 850 850
Total miscellaneous revenue 35,000 41,401 6,401 17,989
Total revenues 126,000 137,814 11,814 611,653
.� Expenditures:
Current -
Public works 191 ,000 191 ,744 (744) 73,961
Capital outlay 1 ,480,000 1,473,538 6,462 _ 949,832
Total expenditures 1,671,000 1,665,282 5,718 1,023,793
Excess (deficiency) of revenues
over expenditures (1,545,000) (1,527,468) 17,532 (412,140)
Other financing sources (uses):
Operating transfers in 1,037,253 1,037,253 2,175,914
Operating transfers out (2,185)
Total other financing
sources (uses) 1,037,253 1,037,253 -0- 2,173,729
Excess (deficiency) of revenues
and other financing sources
over expenditures and other
financing uses (507,747) (490,215) 17,532 1,761,589
Fund balance January 1 1,821,314 1,821,314 59,725
Fund balance December 31 $1,313,567, $ 1,331,099 $ 17,532 $1,821,314
79
DEBT SERVICE FUNDS
Debt service funds are used to account for the payment of principal and
interest on all general obligation debt other than that payable from special
assessments and debt issues for and serviced primarily by a governmental
enterprise.
Exhibit D-1
CITY OF FRIDLET, MINNESOTA
.. DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
December 31, 1982
With Comparative Totals for December 31, 1981
Totals
City HRA 1982 1981
Assets
Cash (deficit) $ $ (88,875) $ (88,875) $ 3,341
Investments, at cost 82,255 618,430 700,685 99,745
Receivables:
Taxes
Unremitted 118 89 207 74,300
Delinquent 2,155 3,462 5,617 69,585
Less: Estimated uncollectable (2,155) (3,462) (5,617) (69,585)
Interest 3,960
Due from other governments _ 53,986
Total assets $82,373 $ 529,644 $ 612,017 $2.35,332
Liabilities and Fund Balance
Liabilities:
Deferred revenue 118 89 207 51,291
Fund balance:
Reserved for debt service 82,255 529,555 611,810 184,035
Total liabilities and fund balance $82,373 $ 529,644 $ 612,017 $235,332
81
Exhibit D-2
CITY OF FRIDLEY, MINNESOTA
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1982 --
With Comparative Totals for Year Ended December 31, 1981
Totals
City BRA 1982 1981
Revenues:
Taxes $28,702 $ $ 28,702 $ 29,915
Tax increment 304,517 304,517 193,763
Intergovernmental - Homestead credit 7,118 7,118 8,672
Interest on investments 4,960 124,584 129,544 9,361
Total revenues 40,780 429,101 469,881 241,711
Expenditures:
Debt service -
Principal retirement 30,000 30,000 30,000
Interest and fiscal charges 5,478 181 ,282 186,760 97,156
Total expenditures 35,478 181,282 216,760 127,156
Excess of revenues over expenditures 5,302 247,819 253,121 114,555
Other financing sources (uses):
Proceeds of general obligation bonds 1 ,211 ,907 1,211 ,907 2,173,729
Operating transfers out (1,037,253) (1,037,253) (2,173,729)
Total other financing sources (uses) -0- 174,654 174,654 -0- -'
Excess of revenues and other financing
sources over expenditures and other --
financing uses 5,302 422,473 427,775 114,555
Fund balance January 1 76,953 107,082 184,035 69,480
Fund balance December 31 $82,255 $ 529,555 $ 611,810 $ 184,035
82
•
CAPITAL PROJECTS FUNDS
Capital project funds are used to account for financial resources used for the
acquisition of capital facilities and equipment by the City.
CITY OF FRIDLEY, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
December 31, 1982
With Comparative Totals for December 31, 1981 -'
North
Capital North Park
Improvement Park Visitation
Assets
Cash (deficit) $ $ $ 5,000
Investments, at cost 1 ,197,517 75,764
Taxes receivables
Unremitted 140
Delinquent 2,397
Less: Estimated uncollectable taxes (2,397)
Due from other governments
Total assets $1,197,657 $-0- $80,764
Liabilities and Fund Balance -.
Liabilities:
Accounts payable .,
Deferred revenue 140
Due to other governments -
Total liabilities 140 -0- -0-
Fund balances:
Reserved for encumbrances --
Reserved for fixed asset replacement 1 ,197,517
Unreserved - undesignated 80,764
Total fund balances 1,197,517 -0- 80,764
Total liabilities and fund balances $1,197,657 $-0- $80,764
84
Exhibit E-1
University
Avenue Totals
Sears Bike/Walk 1982 1981
$ 1,514 $ (958) 5,556 180 4
, $ $ ,97
369,248 1,642,529 1 ,258,721
140 296
2,397 4,562
(2,397) (4,562)
1,123 1,123 23,531
#370,762 $ 165 $1,649,348 $1,463,522
2,511 2,511
140 296
2,038 2,038
4,549 -0- 4,689 296
8,875
1 ,197,517 1,038,321
366,213 165 447,142 416,030
366,213 165 1,644,659 1,463,226
•- $370,762 $ 165 $1,649,348 $1,463,522
85
CITY OF FRIDLEY, MINNESOTA
CAPITAL PROJECTS FUNDS -.
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
Year Ended December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
North
Capital North Park
Improvement Park Visitation
Revenues:
Taxes -
Current ad valorem taxes $ 34,049 $ $
Delinquent ad valorem taxes 313
Total taxes 34,362 -0- -o-
Intergovernmental -
Homestead credit 8,531
State grant
Total intergovernmental 8,531 -0- -0-
Interest on investments 116,303 -0- 9,027 —
Miscellaneous revenue -
Sale of property --
Donations
Other
Total miscellaneous -0- -0- -0-
Total revenues 159,196 -0- 91027
(Continued)
86
Exhibit E-2
University
Avenue Totals
Sears Bike/Walk 1982 1981
$ $ $ 34,049 $ 33,788
313 728
—0— —0— 34,362 34,516
8,531 10,065
542 542 110,557
-0- 542 9,073 120,622
28,154 -0- 153,484 148,837
121,750
75,000 75,000 195,000
1 ,738
75,000 -0- 75,000 318,488
103,154 542 271,919 622,463
87
CITY OF FRIDLEY, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUESL EXPENDITURES AND
CHANGES IN FUND BALANCES (Continued) ..
Year Ended December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
North
Capital North Park
Improvement Park Visitation
Expenditures:
Capital projects - —
Construction contracts $ $ $
Engineering and other 7,994
Interest expense ..
Total expenditures -0- -0- 7,994
Excess of revenues over
expenditures 159,196 -0- 1,033
Other financing sources (uses):
Operating transfers in (out) -
General Fund
North Park Fund 244
North Park Visitation Fund (244)
Special Assessment Fund (17,700)
Total other financing -.
sources (uses) -0- (244) (17,456)
Excess (deficiency) of
revenues and other financing
sources over expenditures
and other financing uses 159,196 (244) (16,423)
Fund balance January 1 1,038,321 244 97,187
Fund balance December 31 $1,197,517 $ _0_ $80,764 --
88
Exhibit E-2
Continued
University
Avenue Totals
Sears Bike/Valk 1982 1981
$ 43,830 $ $ 43,830. $ 96,823
19,110 542 27,646 32,727
1,228
62,940 542 71,476 130,778
40,214 -0- 200,443 491,685
(1,310) (1,310)
244
(244)
(17,700)
(1,310) -0- (19,010) -0-
38,904 -0- 181,433 491,685
327,309 165 1,463,226 971,541
$366,213 $165 $1,644,659 $1,463,226
89
SPECIAL ASSESSMENT FUNDS
Special assessment funds are set up to account for the construction of
improvements or provision of services which are to be financed, wholly or in
part, by special assessments levied against the benefited property.
Exhibit F-1
CITY OF FRIDLEY, MINNESOTA
_ SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
December 31, 1982
With Comparative Totals For December 31, 1981
-
Special Totals
Assessment Revolving 1982 1981
Assets
Cash (deficit) $ 44,152 $ $ 44,152 $ (24,694)
Investments, at cost 6,190,442 600,926 6,791 ,368 6,790,580
Receivables:
Special Assessments
Deferred 3,867,622 61,350 3,928,972 4,327,042
Delinquent 404,102 4,291 408,393 347,976
Less: estimated uncollectible (404,102) (4,291) (408,393) (347,976)
Due from other governments 3,744
- Total assets $10,102,216 $662,276 $10,764,492 $11,096,672
Liabilities and Fund Balance
Liabilities:
Accounts payable 775 775 4,331
Deposits payable 102,079 102,079 116,916
Contracts payable 86,282 86,282 5,019
Salaries payable 88
▪ Bonds payable 5,325,000 5,325,000 6,264,000
Deferred revenue 3,867,622 61,350 3,928,972 4,327,042
Total liabilities 9,279,679 163,429 9,443,108 10,717,396
Fund balances:
Reserved for encumbrances 121 ,753 121,753 629,422
Reserved for debt service 874,821 874,821 (871 ,472)
Unreserved - undesignated (174,037) 498,847 324,810 621 ,326
- Total fund balance 822,537 498,847 1,321,384 379,276
Total liabilities and
fund balances $10,102,216 $662,276 $10,764,492 $11,096,672
91
Exhibit F-2
CITY OF FRIDLEY, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHARGES IN FUND BALANCES
December 31, 1982
With Comparative Totals For Year Ended December 31, 1981
Special Totals --
Assessments Revolving 1982 1981
Revenues: -•
Special assessments $ 592,001 $ 16,214 $ 608,215 $ 601 ,614
Intergovernmental - local 86,006 86,006 62,702
Interest on investments 623,523 59,781 683,304 740,269
Interest and penalties on assessments 369,756 6,007 375,763 353,374
Miscellaneous 6,320 11 ,369 17,689 9,508
Total revenues 1,677,606 93,371 1,770,977 1,767,467
Expenditures:
Capital projects 682,441 215 682,656 718,769
Debt service - --
Interest and fiscal charges 396,146 396,146 466,252
Other -
Discount on bonds issued 18,690 18,690
Total expenditures 1,097,277 215 1,097,492 1,185,021
Excess of revenues over
expenditures 580,329 93,156 673,485 582,446
Other financing sources (uses):
Operating transfers in -
General Fund 196,033 196,033 117,655
Municipal State Aid Fund 65,405 65,405 65,365
North Park Fund 17,700 17,700 --
Revolving Fund 9,215 9,215
Operating transfers out -
General Fund (2,155) (2,155)
Public Utility Fund (8,360) (8,360) (8,360)
Special Assessment Fund (9,215) (9,215)
Total other financing
sources (uses) 288,353 (19,730) 268,623 174,660 --
Excess of revenues and
other financing sources --
over expenditures and
other financing uses 868,682 73,426 942,108 757,106
Fund balance January 1 as
previously reported 4,554,177 500,117 5,054,294 3,562,225
Adjustment: See note 2 (4,600:322) (74,696) (4,675,018) (3,940,055) --
Fund balance January 1 as restated (46,145) 425,421 379,276 (377,830)
Fund balance December 31 $ 822,537 $498,847 $ 1,321,384 $ 379,276
92
ENTERPRISE FUNDS
Enterprise funds are set up to account for the acquisition and operation of
governmental facilities and services that are entirely or predominately
self-supporting from user charges. The City of Fridley operates the
following enterprise activities:
1 ) Liquor - Off-Sale
2) Public Utility - Sanitary Sewer and Water
3) Christenson Building - Rental Property
CITY OF FRIDLE!, IIIBNESOTA Exhibit G-1
ENTERPRISE FUNDS - COMBINING BALANCE SWEET
.-. December 31, 1982
With Comparative Totals For December 31, 1981
.- Public Christenson Totals
Liquor Utilities Building 1982 1981
Assets
- Current assets:
Cash (deficit) $ 10,486 $ 65,258 $ $ 75,744 $ (60,861
Investments, at cost 684,927 2,779,720 3,464,647 3,078,336
- Accounts receivable 394,411 394,411 317,161
Due from other funds 14,845
Due from other governments 13,311 13,311 297,452
• Inventories, at cost 203,155 3,134 206,289 195,840
Prepaid expenses 76,909 76,909 70,279
Total current assets 898,568 3,332,743 -0- 4,231,311 3,913,052
- Long term receivable - Metropolitan
Waste Control Commission -0- 367,773 -0- 367,773 383,235
- Restricted assets (for debt service):
Cash (deficit) (20,678
Investments, at cost 188,068 188,068 226,113
Total restricted assets -0- 188,068 -0- 188,068 205,435
Property and equipment, at cost:
Property and equipment 323,639 13,218,291 13,541 ,930 13,498,368
-' Less: Accumulated depreciation (85,545) (1,560,424) (1 ,645,969) (1,643,484;
Net property and equipment 238,094 11,657,867 -0- 11,895,961 11,854,884
Total assets $1,136,662 $15,546,451 $ -0- $16,683,113 $16,356,606
Liabilities and Fund Equity
Current liabilities:
Accounts payable 92,677 26,787 119,464 103,428
▪ Contracts payable 877
Salaries payable 2,603 3,697 6,300 5,299
Due to other funds 850 850
Due to other governments 9,170 41 ,686 50,856 59,231
'- Bonds payable 50,000 50,000 50,000
Total current liabilities 1044450 123,020 -0- 227,470 218,835
-- Long term liabilities:
Bonds payable (net of current
portion) 220,000 220,000 270,000
▪ Deferred revenue 396,034
Total long term liabilities -0- 220,000 -0- 220,000 666,034
Total liabilities 104,450 343,020 -0- 447,470 884,869
Fund equity:
Contributed capital 10,166,680 10,166,680 10,166,680
- Retained earnings - unreserved 1,032,212 5,036,751 6,068,963 5,305,057
Total fund equity 1,032,212 15,203,431 -0- 16,235,643 15,471,737
Total liabilities and
fund equity $1,136,662 $15,546,451 $ -0- $16,683,113 $16,356,606
93
Exhibit G-2
CITY OF FRIDLEY, MINNESOTA
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
Year Ended December 31, 1982 ,-
With Comparative Totals For Year Ended December 31, 1981
Public Christenson Totals
Liquor Utilities Building 1982 1981
Sales and cost of sales:
Sales $1,714,953 $ $ $1,714,953 $1,743,846
Cost of sales 1,374,894 1,374,894 1,399,165
Gross profit 340,059 -0- -0- 340,059 344,681 --
Operating revenues:
Water sales and sewer rents 1,680,304 1,680,304 1,494,168
Rental income 17,731 "'
Other 73,614 73,614 65,913
Total operating revenue -0- 1,753,918 -0- 1,753,918 1,577,812
Operating expenses:
Personal services 169,020 426,828 595,848 512,192
Supplies and other charges -
Disposal charges 847,581 847,581 724,309 -
Other 75,030 409,007 484,037 596,301
Depreciation 15,534 84,402 99,936 121 ,580 '
Total operating expenses 259,584 1,767,818 -0- 2,027,402 1,954,382
Operating inoome (loss) 80,475 (13,900) -0- 66,575 (31,889)
Nonoperating revenues (expenses): „
Intergovernmental revenue -
local grant 2,116 2,116 302,009
Interest on investments 65,982 312,568 378,550 426,865
Debt service (10,415) (10,415) (14,681) --
Other 22,146 540 22,686 30,575
Land acquisition (274,995)
Total non-operating --
revenues (expenses) 88,128 304,809 -0- 392,937 469,773
Income before extraordinary
item and operating transfers 168,603 290,909 -0- 459,512 252,379
Extraordinary item -0- 396,034 -0- 396,034 -0-
Income before operating
transfers 168,603 686,943 -0- 855,546 437,884
Operating transfers in (out)
General Fund (100,000) (100,000) (90,000)
Revolving Fund 8,360 8,360 8,360
Total operating transfers (100,000) 8,360, -0- (91,640) (81,640)
Net income 68,603 695,303 763,906 356,244
Retained earnings January 1 963,609 4,341,448 -0- 5,305,057 4,948,813
Retained earnings December 31 $1,032,212 $5,036,751 $ -0- $6,068,963 $5,305,057
94
Exhibit G-3
CITY OF FRIDLEY, MINNESOTA
ENTERPRISE FUNDS
.., COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
Year Ended Deoember 31, 1982
With Comparative Totals For Year Ended December 31, 1981
Public Christenson Totals
Liquor Utilities Building 1982 1981
Sources of working capital:
Operations:
Net income (loss) for the year $ 68,603 $695,303 $ $ 763,906 $ 356,244
Items not requiring working
capital depreciation 15,534 84,402 99,936 121 ,580
Working capital provided by
operations 84,137 779,705 863,842 477,824
Decrease in long term receivable 15,462 15,462 14,819
Net decrease in restricted assets 17,367 17,367 4,205
Total sources of working
capital 84,137 812,534 -0- 896,671 496,848
Uses of working capital:
- Acquisition of property and
equipment 43,560 97,453 141 ,013 73,171
Decrease in long term bonds payable 50,000 50,000 85,625
Decrease in deferred revenue 396,034 396,034 52,092
Total uses of working capital 43,560 543,487 -0- 587,047 210,888
Net increase in working
capital $ 40,577 $269,047 $ -0- $ 309,624 $ 285,960
Elements of net increase (decrease)
in working capital:
Cash $(103,478) $(44,878) $ 284,961 $ 136,605 $(321 ,919)
Investments 144,879 241 ,432 386,311 371 ,336
Receivables (54) 77,612 (308) 77,250 10,286
Due from other funds (14,845) (14,845) (13,743)
Due from other governments 512 (284,653) (284,141) 244,539
Inventory 14,201 (3,752) 10,449 7,683
Prepaid expenses 6,630 6,630 6,230
Accounts payable (16,136) 100 (16,036) 30,473
Contracts payable 877 877 (877)
Salaries payable (911) (90) (1,001) (692)
Due to other funds (850) (850)
Due to other governments 2,076 6,299 8,375 (59,231)
Bonds payable 11,875
Net increase in working
capital $ 40,577 $269,047 $ -0- $ 309,624 $ 285,960
95
Exhibit G-4
CITY OF FRIDLEY, MINNESOTA
LIQUOR ENTERPRISE FUND
COMPARATIVE BALANCE SHEET
Deoeaber 31, 1982 and 1981
1982 1981
Assets
Current assets:
Cash $ 10,486 $ 113,964
Investments, at cost 684,927 540,048 --
Accounts receivable 54
Inventories at cost 203,155 188,954
Total current assets 898,568 843,020
Property and equipment, at cost:
Land 66,961 66,961
Buildings 130,211 140,329
Improvements other than buildings 1,469 1,469
Machinery and equipment 124,998 93,965
323,639 302,724
Less: Accumulated depreciation (85,545) (92,656)
Net property and equipment 238,094 210,068
Total assets $1,136,662 $1,053,088
Liabilities and Fund Equity
Current liabilities: ._
Accounts payable 92,677 76,541
Salaries payable 2,603 1,692
Due to other governments 9,170 11,246
Total liabilities 104,450 89,479
Fund equity: --
Retained earnings - unreserved 1,032,212 963,609
Total liabilities and fund equity $1,136,662 $1,053,088
96
Exhibit G-5
CITY OF FRIDLEY, MINNESOTA
-. LIQUOR ENTERPRISE FOND
COMPARATIVE STATEMENT OF REVENUES,
EXPENSES AND CHANGES IN RETAINED EARNINGS
-- Year Ended December 31, 1982 and 1981
1982 1981
Sales and cost of sales:
Sales $1,714,953 81,743,846
Cost of sales 1,374,894 1,399,165
Gross profit 340,059 344,681
Operating expenses:
Selling:
Personal services 121,777 104,707
Supplies and other charges 5,625 5,038
Total operating expenses 127,402 109,745
Overhead:
Supplies and other charges 49,179 55,856
Depreciation 15,534 11,463
_ Total overhead expenses 64,713 67,319
Administrative:
Personal services 47,243 47,993
Supplies and other charges 20,226 12,414
Total administrative 67,469 60,407
-' Total operating expenses 259,584 237,471
Operating income 80,475 107,210
Non-operating revenues:
Interest on investments 65,982 70,344
^, Other 22,146 15,421
Total non-operating revenues 88,128 85,765
Inoome before operating transfers 168,603 192,975
Operating transfer to General Fund (100,000) (90,000)
Net income 68,603 102,975
Retained earning' danaery 1 963,609 860,634
Retained earnings December 31 #1032,212 $ 963,609
97
Exhibit G-6
CITY OF FRIDLEY, MINNESOTA
LIQUOR ENTERPRISE FUND
COMPARATIVE STATEMENT OF CHANGES II FINANCIAL POSITION
Year Ended December 31, 1982 and 1981
1982 1981
^
Sources of working capital:
Operations:
Net income for the year $ 68,603 $102,975 .,
Items not requiring working
capital - depreciation 15,534 11,463
Total sources of working capital 84,137 114,438
Uses of working capital:
Acquisition of property and equipment 43,560 10,118
Net increase in working capital $ 40,577 $104,320
Elements of net increase (decrease) in
working capital:
Cash $(103,478) $ 51 ,721
Investments 144,879 63,048
Receivables (54) 54
Inventory 14,201 6,047
Prepaid expenses (9,880)
Accounts payable (16,136) 4,864
Salaries payable (911) (288) --
Due to other governments 2,076 (11,246)
Net increase in working capital $ 40,577 $104,320
98
Exhibit G-7
CITY OF FRIDLET, MINNESOTA
PUBLIC UTILITY ENTERPRISE FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Current assets:
Cash $ 65,258 $ 110,136
Investments, at cost 2,779,720 2,538,288
Accounts receivable 394,411 316,799
Due from other funds 14,845
Due from other governments 13,311 12,799
Inventories at cost 3,134 6,886
Prepaid expense 76,909 70,279
Total current assets 3,332,743 3,070,032
-. Long-term receivable - Metropolitan
Waste Control Commission 367,773 383,235
Restricted assets:
- Cash (deficit) (20,678)
Investments, at cost 188,068 226,113
Total restricted assets 188,068 205,435
Property and equipment, at cost:
Land 154,881 154,881
Buildings 754,608 754,608
Improvements other than buildings 123,909 123,909
Machinery and equipment 2,018,213 1,995,566
Water and sewer lines 10,166,680 10,166,680
._ 13,218,291 13,195,644
Less: Accumulated depreciation (1,560,424) (1,550,828)
Net property and equipment 11,657,867 11,644,816
Total assets $15,546,451 $15,303,518
Liabilities and Fund Equity
Current liabilities:
Accounts payable 26,787 26,887
Contracts payable 877
Salaries payable 3,697 3,607
Due to other funds 850
Due to other governments 41,686 47,985
Bonds payable 50,000 50,000
Total current liabilities 123,020 129,356
Long term liabilities:
Bonds payable (net of current position) 220,000 270,000
Deferred revenue 396,034
Total long term liabilities 220,000 666,034
Total liabilities 343,020 795,390
Fund equity:
Contributed capital 10,166,680 10,166,680
Retained earnings - unreserved 5,036,751 4,341,448
Total fund equity 15,203,431 14,508,128
Total liabilities and fund equity $15,546,451 $15,303,518
99
Exhibit G-8
CITY OF FRIDLEY, MINNESOTA
PUBLIC UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENT OF REVENUES,
EXPENSES AID CHANGES IN RETAINED EARNINGS
Year Ended December 31, 1982 and 1981 --
1982 1981
Operating revenues:
Water sales and sewer rents $1,680,304 $1,494,168
Other 73,614 65,913
Total operating revenues 1,753,918 1,560,081_
Operating expenses:
Personal services 426,828 358,952
Supplies and other charges -
Disposal charges 847,581 724,309 -.
Other 409,007 488,292
Depreciation 84,402 110,117
Total operating expenses 1,767,818 1,681,670
Operating inoome (loss) (13,900) (121,589)
Non-operating revenues (expenses):
Intergovernmental revenue - local grant 2,116 17,356
Interest on investments 312,568 356,521
Debt service (10,415) (14,681)
Other 540 14,772
Total non-operating revenues (expenses) 304,809 373,968
Inoo*e before extraordinary item and
operating transfers 290,909 252,379
Extraordinary item - remaining balance of
deferred gain from sale of sewer mains
to Metropolitan Waste Control Commission 396,034 -0- -,
Income before operating transfers 686,943 252,379
Operating transfers from (to):
Revolving Fund 8,360 8,360
Net income 695,303 260,739
Retained earnings Janaury 1 4,341,448 4,080,709
Retained earnings December 31 $59036,751 $4,341,448
100
Exhibit G-9
CITY OF FRIDLEY, MINNESOTA
PUBLIC UTILITY ENTERPRISE FUND
COMPARATIVE STATEMENT OF CHANGES II FINANCIAL POSITION
Year Ended December 31, 1982 and 1981
1982 1981
Sources of working capital:
Operations:
Net income $695,303 $260,739
- Items not requiring working
capital - depreciation 84,402 110,117
Working capital provided by operations 779,705 370,856
Decrease in long term receivable 15,462 14,819
Net decrease in restricted assets 17,367 4,205
Total sources of working capital 812,534 389,880
Uses of working capital:
Acquisition of property and equipment 97,453 63,053
Decrease in long term revenue bonds payable 50,000 85,625
Decrease in deferred revenue 396,034 52,092
Total uses of working capital 543,487 200,770
Net increase in working capital $269,047 $189,110
Elements of net increase (decrease) in
working capital:
Cash $(44,878) $(88,211)
Investments 241 ,432 313,988
Receivables 77,612 11,939
Due from other funds (14,845) (13,743)
Due from other governments 512 (40,114)
Inventory (3,752) 1,636
Prepaid expenses 6,630 16,110
Accounts payable 100 24,896
Contracts payable 877 (877)
Salaries payable • (90) (404)
Due to other funds (850)
Due to other governments 6,299 (47,985)
Bonds payable 11 ,875
Net increase in working capital $269,047 $189,110
101
Exhibit G-10
CITY OF FRIDLEY, MINNESOTA
CHRISTENSON BUILDING ENTERPRISE FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash (deficit) $ $(284,961)
Investments, at cost
Accounts receivable 308
Due from other governments 284,653
Total assets $ -0- $ -0-
Fund Equity
Fund equity:
Retained earnings - unreserved -0- -0- -�
Total fund equity $ -0- $ -0-
102
Exhibit G-11
CITY OF FRIDLEY, MINNESOTA
CHRISTENSON BUILDING ENTERPRISE FUND
COMPARATIVE STATEMENT OF REVENUES,
EXPENSES AND CHANGES IN RETAINED EARNINGS
Year Ended December 31, 1982 and 1981
1982 1981
Operating revenues:
Rental income $ -0- $ 17,731
Operating expenses:
Personal services 540
Supplies and other charges 34,701
Total operating expenses -0- 35,241
— Operating income (loss) -0- (17,510)
Non-operating revenues (expenses):
Intergovernmental revenue - local grant 284,653
Interest on investments
Miscellaneous revenue 382
Land acquisition (274,995)
Total non-operating revenues (expenses) -0- 10,040
Net income (loss) -0- (7,470)
Retained earnings Janaury 1 -0- 7,470
Retained earnings December 31 $ -0- $ -0-
103
Exhibit G-12
CITY OF FRIDLEY, MINNESOTA
CHRISTENSON BUILDING ENTERPRISE FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Year Ended December 31, 1982 and 1981
1982 1981
Sources of working capital:
Operations:
Net income (loss) $ -0- $ (7,470) --
Elements of net increase (decrease) in
working capital:
Cash $ 284,961 $(285,429)
Investments (5,700)
Receivables (308) (1,707)
Due from other governments (284,653) 284,653
Accounts payable 713
Net increase (decrease) in working capital $ -0- $ (7,470)
104
INTERNAL SERVICE FUNDS
Internal service funds are set up to account for goods and services provided
by designated departments on a cost reimbursement or fee basis to other
departments and agencies within the City.
Exhibit H-1
.. CITY OF FRIDLEY, MINNESOTA
EMPLOYEE BENEFITS INTERNAL SERVICE FUND
COMPARATIVE BALANCE SHEET
Deoeaber 31, 1982 and 1981
1982 1981
Assets
Cash (deficit) $ 28,001 $(137,000)
Investments, at cost 550,256 648,572
Accounts receivable 118
Total assets $578,257 $ 511,690
Liabilities and Fund Equity
Liabilities:
-- Leave payable 172,097 198,213
Due to other governements 28,000
Total liabilities 200,097 198,213
Fund equity:
Retained earnings
Reserved for employee benefits 378,160 313,477
Total liabilities and fund equity $578,257 $ 511,690
105
Exhibit H-2
CITY OF FRIDLEY, MINNESOTA
EMPLOYEE BENEFITS INTERNAL SERVICE FUND
COMPARATIVE STATEMENT OF REVENUES,
EXPENSES AND CHANGES II RETAINED EARNINGS
Tear Ended December 31, 1982 and 1981 --
1982 1981 .,
Operating revenues:
Charges for services $686,643 $790,849
Operating expenses:
Benefit payments 711,653 738,698
Operating income (loss) (25,010) 52,151
Non-operating revenues:
Interest income 56,236 11,585
Refunds 33,457 49,946
Total non-operating revenues 89,693 61,531
Net income 64,683 113,682
Retained earnings Janaury 1 313,477 199,795 —'
Retained earnings December 31 $378,160 $313,477
106
Exhibit H-3
CITY OF FRIDLEY, MINNESOTA
EMPLOYEE BENEFITS INTERNAL SERVICE FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
Year Ended December 31, 1982 and 1981
1982 1981
Sources of working capital:
Operations:
Net income $ 64,683 $ 113,682
Elements of net increase (decrease) in
working capital:
Cash $165,001 $(547,531)
Investments (98,316) 648,572
Accounts receivable (118) 118
Accounts payable (28,000) 2,953
Salaries payable 155
Leave payable 26,116 9,415
Net increase in working capital $ 64,683 $ 113,682
107
1
TRUST AND AGENCY FUNDS
Trust and agency funds are set up to account for the resources held by the
City as a trustee or agent for other funds or entities.
Exhibit I-1
CITY OF FRIDLEY, MINNESOTA
TRUST AND AGENCY FUND
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
1982 1981
Assets
Cash $ $ 3,165
Investments, at cost 15,372 31,80t
Total assets $15,372 $34,969
Liabilities and Fund Balance
Liabilities:
Accounts payable 2,128
Deposits payable 15,202 27,902
Total liabilities 15,202 30,030
-- Fund balance:
Unreserved - undesignated 170 4,939,
Total liabilities and !land balance $15,372 $34,969
109
Exhibit I-2
CITY OF FRIDLEY, MINNESOTA
TRUST AND AGENCY FUND
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
(DES IN FUND BALANCE
Year Ended December 31, 1982 and 1981
1982 1981 _.
Revenues:
Interest on investments $2,502 $2,445
Expenditures:
Personal services 7,271 -0-
Excess (deficiency) of revenues
over expenditures (4,769) 2,445 --
Fund balance, Janaury 1 4,939 2,494.
Fund belanoe, December 31 $ 170 man
110
GENERAL FIXED ASSETS GROUP OF ACCOUNTS
General fixed asset group of accounts are set up to account for long-lived
intergovernmental service
assets not accounted for in an enterprise, trust or inter 9
fund.
Exhibit J-1
CITY OF FRIDLEY, MINNESOTA
^, COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS —
BY SOURCES
December 31, 1982 and 1981
1982 1981
General fixed assets:
Land $ 1,516,153 $ 1,656,778
Building 1,619,095 1 ,629,919
Improvements other than building 14,028,563 13,350,277
Machinery and equipment 1 ,786,$17 1,729,328
Construction in progress 1 ,314,882 680,205
Total general fixed assets $20,265,510 $19,046,507
—• Investment in general fixed assets from:
Capital project funds:
General obligation bonds $ 856,597 $ 856,597
Federal and state aid 794,052 772,131
General fund revenues 4,684,551 3,946,317
Special revenue fund revenues 990
Special assessments 12,722,177 12,272,319
Private gifts 684,969 676,969
Other sources 522,174 522,174
Total investment in general fixed assets $20,265,510 $19,046,507
111
Exhibit J-2
CITY OF FRIDLEY, MINNESOTA
SCHEDULE OF GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
December 31, 1982
Improvements Machinery
Other Than and
Total Land Buildings Buildings Equipment
General government
City manager $ 35,528 $ $ $ $ 35,528
Accounting 90,071 90,071
Assessing 6,685 6,685
Elections 18,658 18,658
Planning 12,397 12,397
Civic center 667,135 17,496 583,094 26,175 40,370
Total general government 830,474 17,496 583,094 26,175 203,709
Public safety
Police protection 186,908 200 186,708
Fire protection 500,358 142,532 357,826
Inspectional services 17,044 17,044
Civil defense 27,192 27,192
Total public safety 731,502 -0- 142,732 -0- 588,770
Public works
Engineering 45,474 45,474
Street improvements 7,782,402 5,764 7,776,638
Water, sewer and storm sewer 5,297,835 5,297,835
Traffic signal 122,115 122,115
City garage 1 ,011,292 97,940 345,736 8,780 558,836
Total public works 14,259,118 103,704 345,736 13,205,368 604,310
Parks/Naturalist
Parks 2,312,314 1 ,088,895 118,415 735,150 369,854 -'
Naturalist 817,220 306,058 429,118 61,870 20,174
Total parks/naturalist 3,129,534 1,394,953 547,533 797,020 390,028
Total general fixed assets
allocated to functions 18,950,628 $1,516,153 $1,619,095 14,028,563 $1,786,817
Construction in progress 1,314,882
Total fixed assets $20,265,510
112
Exhibit J-3
CITY OF FRIDLEY, MINNESOTA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
Year Ended December 31, 1982
General General
Fixed Fixed
Assets Assets
1/1/82 Additions Deductions 12/31/82
Function and activity
General government
City manager $ 40,955 $ 9,624 $ 15,051 $ 35,528
Accounting 57,042 33,029 90,071
'- Assessing 7,140 455 6,685
Elections 23,999 5,341 18,658
Planning 18,896 715 7,214 12,397
Civic center 731,390 64,255 667,135
Total general government 879,422 43,368 92,316 830,474
• Public safety
Police protection 245,654 79,240 137,986 186,908
Fire protection 368,162 132,196 500,358
Inspection services 1,819 15,225 17,044
▪ Civil defense 29,069 116 1,993 27,192
Total public safety 644,704 226,777 139,979 731,502
" Public works
Engineering 21 ,727 23,747 45,474
Street improvement 7,947,531 348,328 513,457 7,782,402
.. Water, sewer and storm sewer 5,253,323 44,512 5,297,835
Traffic signal 120,288 1 ,827 122,115
City garage 478,677 532,615 1,011,292
Total public works 13,821,546 951,029 513,457 14,259,118
Parks/Naturalist
Parks 2,516,961 110,971 315,618 2,312,314
- Naturalist 503,669 313,551 817,220
Total parks/naturalist 3,020,630 424,522 315,618 3,129,534
" Construction in progress 680,205 1,046,208 411,531 1,314,882
Total general fixed assets $192046,507 $2,691,904 $1,472,901 $20,265,510
113
GENERAL LONG TERM DEBT ACCOUNT GROUP
General long-term debt group of accounts is set up to account for unmatured
principal and bonds, warrants, notes, or other forms of long term indebtedness
that is secured by the full faith and credit of the City and is not deemed the
primary obligation of any specific special assessment or enterprise fund of the
• City.
Exhibit K-1
CITY OF FRIDLET, MINNESOTA
COMPARATIVE STATEMENT OF GENERAL LONG-TERM DEBT
December 31, 1982 and 1981
1982 1981
-� Amount available and to be provided for
the payment of general long-term debt
Amount available in general debt
service fund $ 611,810 $ 184,035
Amount to be provided by future
taxes 2,953,190 2,222,037
Total available and to be
provided $3,565,000 $2,406,072
General long-term debt payable
General long-term debt payable:
General obligation tax increment
redevelopment bonds $3,425,000 $2,200,000
Civic center bonds 140,000 170,000
Contracts - city garage and
garage addition 21 ,227
Due to Public Utilities Fund 14,845
Total general long-term
debt payable $3,565,000 $2,406,072
115
STATISTICAL SECTION
Table 1
CITY OF FRIDLEY, MINNESOTA
._ GENERAL GOVERNMENTAL ElENDITURES BY FUNCTION (1)
LAST TEN FISCAL /BARS
General Public Civic Public Parks and Debt
Year Government Safety Center Works Recreation Service Total
1973 $310,866 $ 848,448 $ 62,076 $ 495,006 $ 407,943 $2,124,339
1974 357,012 893,201 61,449 675,381 493,160 2,480,203
1975 436,032 1,016,774 77,753 755,904 582,982 2,869,445
1976 476,286 1,146,181 80,067 879,626 699,304 3,281 ,464
1977 484,663 1,239,730 109,647 928,742 839,151 3,601 ,933
1978 572,381 1 ,446,302 102,444 1 ,028,594 822,095 3,971,816
1979 581,800 1,495,493 103,387 1,056,758 909,317 $ 38,561 4,185,316
1980 618,215 1 ,737,883 128,795 1 ,111,066 839,271 53,569 4,488,799
1981 725,095 1,994,788 137,976 1,430,657 1,087,811 52,545 5,428,872
1982 829,434 1,939,996 115,893 1,321 ,993 911,141 232,793 5,351 ,250
Note
(1) Includes General, Special Revenue, and Debt Service Funds
117
fable 2
CITY OF FRIDLEY, MINNESOTA
GENERAL REVENUES BY SOURCE (1)
LAST TEN FISCAL YEARS
Inter- Charges
General Licenses, govern- for
Property Permits mental Current Miscellaneous Total
Year Tax and Fines Revenue Services Revenue Revenue
1973 $1,087,173 $157,703 $ 502,955 $ 57,100 $ 93,012 $1,897,943 -,
1974 1 ,344,632 179,142 601 ,266 58,243 112,568 2,295,851
1975 1 ,619,966 174,630 648,872 59,936 115,753 2,619,157
1976 1,762,205 210,904 811 ,406 63,200 179,736 3,027,451
1977 1,703,364 270,409 1 ,346,412 99,755 235,752 3,655,692
1978 1,846,370 265,657 1,576,630 104,069 285,311 4,078,037 -,
1979 1 ,948,751 303,639 1,646,918 103,267 400,317 4,402,892
1980 1 ,974,874 229,148 2,659,608 108,547 558,006 5,530,183
1981 2,115,674 233,901 3,040,678 129,887 684,794 6,204,934
1982 2,725,738 360,949 2,238,358 145,551 937,761 6,408,357
Note
(1) Includes General, Special Revenue, and Debt Service Funds "^
118
"' Table 3
CITY OF FRIDLEY, MINNESOTA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collections Percentage Collection
— of Current of Levy of prior
Years Taxes Collected Years Taxes Ratio
During During During of Total
Year Total Fiscal Fiscal Fiscal Total Collections
Collected Tax Levy Period Period Period Collections to Tax Levy
1973 $1,260,386 $1,245,095 98.79 $30,551 $1,275,646 1.0121:1
1974 1 ,389,672 1 ,365,737 98.28 18,974 1,384,711 .9964:1
1975 1 ,662,544 1,629,395 98.01 29,767 1,659,162 .9980:1
1976 1,854,061 1,812,739 97.77 32,401 1,845,140 .9952:1
1977 2,057,083 2,033,169 98.84 39,505 2,072,674 1.0076:1
— 1978 2,199,318 2,177,318 99.00 48,922 2,226,240 1.0122: 1
1979 2,348,124 2,318,648 98.74 41 ,503 2,360,151 1.0051:1
1980 2,512,176 2,461,402 97.98 46,345 2,507,747 .9982: 1
1981 2,767,955 2,502,610 90.41 49,166 2,551 ,776 .9219:1
1982 2,920,793 2,777,691 95.10 21 ,771 2,799,462 .9585:1
119
CITY OF FRIDLEY, MINNESOTA
ASSESSED AND ESTIMATED MARKET VALUE OF ALL TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Fiscal Period
1973 1974 1975 1976
Population 31 ,143 (1) 32,542 32,486 (2) 31,570
Real property
Estimated market value $266,730,657 $294,415,529 $325,394,031 $367,264,013
Assessor's limited market value $242,991,629 $270,273,456 $288,949,935 $327,232,236
Assessed value
Homestead $ 16,233,935 $ 16,582,864 $ 17,104,208 $ 17,644,329 -
Excess and non-homestead 73,166,443 84,043,948 90,832,944 105,665,396
Area wide allocation (3,140,753) (4,541 ,034)
Tax-increment value
Taxable value $ 89,400,378 $100,626,812 $104,796,399 $118,768,691
Personal property
Estimated market value -
Taxable property $ 15,796,166 $ 17,323,420 $ 18,183,599 $ 18,073,064
Assessor's value -
Taxable property $ 14,390,307 $ 15,902,900 $ 16,147,000 $ 16,103,100 --
Taxable value -
Taxable property $ 6,187,860 $ 6,838,247 $ 6,943,210 $ 6,924,333,
Total real and personal property
Estimated market value $282,526,823 $311,738,949 $343,577,630 $385,337,077
Limited market value $257,381,936 $286,176,356 $305,096,935 $343,335,336 -•
Total taxable value $ 95,588,238 $107,465,059 $111,739,609 $125,693,024
Per market value ratios --
Limited market value .911:1* .918:1* .888:1• .891 : 1*
Taxable value .338:1 .345:1 .325:1 .326:1
Per capita valuations
Estimated market value $ 9,072 $ 9,580 $ 10,576 $ 12,206
Taxable value $ 3,069 $ 3,302 $ 3,440 $ 3,981
Note
*Source - State of Minnesota Department of revenue
(1) 1972 and subsequent valuations reflect changes as provided for in Laws of 1971 ,
Extra Session, Chapter 31, amended. Beginning with taxes levied in 1972, collectible in
1973, Minnesota assessed values tripled through elimination of the 33 1/3 ratio
previously used to arrive at "adjusted" market values. Tax rates are one-third of past -"
rates.
120
— Table 4
_ Fiscal Period
1977 1978 1979 1980 1981 1982
31,940 33,450 32,644 30,228 30,200 29,920
$405,285,288 $456,038,596 $474,610,022 $555,096,298 $632,523,959 $723,016,622 (4)
$363,541 ,172 $408,865,261 $458,973,683 $522,308,032 $ N/A (3) $ N/A (3)
$ 19,607,606 $ 20,453,732 $ 21,633,558 $ 24,392,539 $ 59,013,036 $ 65,308,228
117,424,505 124,640,289 134,204,943 141 ,946,084 121,924,290 142,031,048
(4,812,211) (6,271,738) (7,376,217) (8,858,508) (10,022,598) (9,340,006)
(954,050) (2,708,711) (2,892,948)
$132,219,900 $138,822,283 $148,462,284 $156,526,065 $168,206,017 $195,106,322
$ 18,167,447 $ 19,340,803 $ 17,424,500 $ 17,899,900 $ 18,731,800 $ 19,328,400
$ 16,296,200 $ 17,348,700 $ 17,424,500 $ 17,899,900 $ 18,731,800 $ 19,328,400
$ 7,007,366 $ 7,459,941 $ 7,492,535 $ 7,696,957 $ 8,054,674 $ 8,311,212
— $423,452,735 $475,379,399 $492,034,522 $572,996,198 $651 ,255,759 $742,345,022
$379,837,372 $426,213,961 $476,398,183 $540,207,932 $ N/A (3) $ N/A (3)
$139,227,266 $146,282,224 $155,954,819 $164,223,022 $176,260,691 $203,417,534
.897:1* .897:1* .968:1 .943:1 N/A (3) N/A (3)
.329:1 .308:1 .317:1 .287:1 .271:1 .274:1
$ 12,689 $ 14,212 $ 15,064 $ 18,988 $ 21,565 $ 24,811
$ 4,359 $ 4,373 $ 4,775 $ 5,433 $ 5,836 $ 6,799
(2) Property values include net amount allocated pursuant to Laws of 1971 , Extra
Session, Chapter 23, from Area-Wide "Pool." Beginning with taxes levied in 1974,
collectible in 1975, the value on which the City of Fridley's mill rate is calculated,
is not the City's assessed value but a taxable value based on the City of Fridley's
assessed value minus the net loss to the Metro Tax Pool.
(3) In 1980 , Limited Market Value was omitted as a consideration in determining
taxable value.
(4) This value includes $8, 174,200 of new value from railroad operating property
— brought onto the tax roles.
121
CITY OF FRIDLEY, MINNESOTA
STATEMENT OF VALUATIONS AND LEVIES BY CLASSES OF PROPERTY
DECEMBER 31, 1982
Assessed
Valuation Assessed
Before Valuation Assessed
Contribution Contribution Value
Class of to Metro Tax to Metro Tax Received from
Property Pool Pool Metro Pool
Commercial $ 32,994,525 $ (6,829,576)
Industrial 55,853,476 (11,796,540)
F. M. C. #85 4,528,660 (1,055,480)
Gas 1 ,293,903 (310,435)
Electric 2,587,806 (600,175)
P. U.* 431,301 (103,478)
Vacant Land 1,725,204
Apartments 22,427,651
Residential 93,807,962 "'
Distribution (1) $11,355,678
Totals $215,650,488 $(20,695,684) $11,355,678
Notes
*Public Utilities (Real Estate and Machinery)
(1) This represents the "assessed value" distributed to Fridley
from the metro tax pool.
The assessed value for the first six classes of property shown above
has been reduced for local taxable value to 78.803% of the actual
assessed value. This taxable value is then multiplied by the ...
applicable local mill rates. The balance of the assessed value is
multiplied by the Metro Mill Rate of 94. 106. This money then goes
into the Metro Pool. The City of Fridley received $178,533.97 from --
this pool.
122
-, Table 5
Assessed
Valuation
Allocated to Adjusted Percent Dollars
Tax Increment Assessed of Total of City
Financing Value City Tax Tax
$ (271,307) $ 25,893,642 12.730 $ 371,816
44,056,936 21.659 632,616
3,473,180 1.707 49,858
983,468 .483 14,107
1,987,631 .977 28,536
327,823 .161 4,702
(21,747) 1,703,457 .837 24,447
(2,545,820) 19,881 ,831 9.774 285,478
(54,074) 93,753,888 46.090 1,346,194
11,355,678 5.582 163,039
$(2,892,948) $2034417,534 100.00 $2,920,793
The tax shown for Residential is the total amount
received by the City. Owners of Homestead Residential
properties do not pay this full amount. The State pays
up to $650 per homestead in credit to the County, and
the County in turn distributes this to various local
governments as part of the levy request. An additional
refund may be received by the taxpayer from the State
depending on income, age and amount of real estate tax
for their homestead property.
123
_ CITY OF FRIDLEY, MINNESOTA
SIGNIFICANT MINNESOTA TAX POLICIES
DECEMBER 31k 1982
GENERAL
All non-exempt property in Minnesota is subject to taxation by local taxing
districts. The tax levied on a property is determined by multiplying its
assessed value by the tax rate. The tax rate (mills) is determined by the
County Auditor, dividing each tax levy by the assessed valuation (taxable
value).
Properties are valued by assessors at least once every four years.
The Minnesota Department of Revenue analyzes sales of properties annually,
comparing sales or market values with the Local Assessors Value . This
— establishes a sales ratio. The sales ratio is also used in determining
municipal and school district state aids.
The Assessors Market Value is multiplied by the appropriate percentage to
arrive at assessed value. This percentage varies by class of property.
Residential homestead property. Part of the market value said to be
"homestead" ($27,000 for taxes due in 1982) is assessed at 16%, the next
27,000 assessed at 22%, and the balance at 28%. The assessed value of a
homestead residence with a market value of $54,000 would be $10,260 for taxes
-- collectible in 1982 (see "Homestead Credit" note below).
Residential non-homestead property of 1-2-or-3 units is assessed at 28% of its
market value. The assessed value of a non-homestead residence (rental
.. property) with a MV of $50,000 is $14,000. Apartments of 4 units or more are
assessed at 34% ($50,000 value x 34% = $17,000).
Industrial/commercial/utility property is assessed at 40% of first $50,000 of
estimated market value, and 43% of balance. Market value of utilities is
computed by the Minnesota Department of Revenue.
—
HOMESTEAD CREDIT Homestead taxes are reduced by a 58% credit (maximum $650) .
This credit is subtracted on the tax statement, and the taxpayer pays only the
net amount; homestead credits are reimbursed by the State to the taxing
districts in proportion to their levies, thus relieving the property tax
burden.
— Property Tax Refund. Further residential property tax credits are gauged by
percentages of the gross property tax to household income: To the extent a
homeowners income (1% for lower income groups, up to 4% for incomes of
$100,000 or more), homeowners or renters may receive State credits up to
$1,000 (combined homestead and income-adjusted credits).
125
■
CITY OF FRIDLEY, MINNESOTA
PROPERTY TAX RATES PER $1,000 OF ASSESSED VALUE AND TAX LEVIES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Tax Rates
School School School School
District District District District
Year City No. 11 No. 13 No. 14 No. 16 County
1973 12.71 Mills 54.92 Mills 49.88 Mills 52.54 Mills 56.01 Mills 21.77 Mills
1974 12.94 54.85 53.49 55.04 54.44 29.49
1975 14.88 60.19 54.12 60.33 66.05* 22.22
1976 14.76 55.27 49.16 55.18 61.60* 22.16
1977 14.78 58.40 47.26 54.65 63.62* 22.21
1978 15.05 55.84 46.53 54.26 61.68* 24.40
1979 15.06 47.71 45.04 47.17 62.25* 24.29
1980 15.31 43.21 46.73 45.08 61.83* 25.84
1981 15.72 38.00 41 .48 41 .12 51.08* 27.91
1982 14.278 46.847 48.266 46.365 65.542* 26.113
*Vocational/Technical District No. 916 included in District No. 16.
**No Water Shed District in School District No. 11.
This table reflects the new method of determining assessed valuations as required by 1971
legislation. This change results in an assessed valuation of approximately 29% of market
value instead of approximately 11% under the previous formula.
Year Tax Levies
1973 $1,214,927 $143,201 $1,108,087 $2,570,517 $1,182,508 $2,080,956
1974 1 ,390,598 211 ,658 1,332,878 3,001 ,552 1,314,940 2,201 ,959
1975 1 ,662,685 268,717 1,414,161 3,417,636 1,617,961* 2,482,854
1976 1,855,229 300,800 1 ,403,823 3,537,777 1,698,993* 2,785,357
1977 2,057,083 360,242 1 ,499,855 3,863,402 1,948,613* 3,092,238
1978 2,199,318 355,565 1 ,568,135 3,987,358 2,017,736' 3,569,286
1979 2,348,124 330,743 1,634,858 3,668,695 2,204,204* 3,788,253
1980 2,512,176 319,712 1 ,786,183 3,606,461 2,395,401* 4,235,650
1981 2,768,111 296,393 1,795,295 3,493,129 2,144,854* 4,904,234
1982 2,920,793 447,988 2,383,069 4,412,574 3,130,401* 5,332,248
*Includes Vocational/Technical District No. 916
126
'- Table 6
-- Totals
Special School School School School
Districts District District District District
Total No. 11 No. 13 No. 14 No. 16
2.38** Mills 91 .78 Mills 86.74 Mills 89.40 Mills 92.87 Mills
_. 2.89** 100.17 98.81 100.36 99.76
4.77** 102.06 95.99 102.20 107.92
3.23** 95.42 89.31 95.33 101 .75
• 3.43** 98.82 87.68 95.07 104.04
3.14** 98.43 89.12 96.85 104.27
3.35** 90.41 87.74 89.87 104.95
3.60** 87.96 91 .48 89.83 106.58
4.36** 85.99 89.47 89.11 99.07
4.057** 91 .295 92.714 90.813 109.990
School Yearly Net Tax Total
Total Local Percentage Contribution Increment Tax
Tax Levies Increase To Metro Pool District Levies
- $204,380 $ 8,544,576 5% $ 8,544,576
297,343 9,750,928 14% 9,750,928
520,369 11,384,383 17% 11,384,383
- 380,806 11,962,785 5% 11,962,785
454,078 13,275,511 11% 13,275,511
426,450 14,123,848 6% 14,123,848
-- 470,367 14,445,244 2% $ 922,702 15,367,946
542,080 15,397,663 7% 1,083,986 $ 85,221 16,566,870
718,810 16,120,826 5% 1,113,318 193,763 17,427,907
• 779,684 19,406,757 20% 925,052 304,517 20,636,326
127
"' Table 7
CITY OF FRIDLEY, MINNESOTA
SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
-- LAST TEN FISCAL YEARS
Ratio Ratio Total
of of Outstand-
Current Total ing
Collec- Delin- Collec- Current
- Current Current tions to quent tions to and
Assess- Assess- Amount Assess- Current Delinquent
Fiscal ments ments Due ments Total Levy Assess-
_ Year Due Collected (Percent) Collected Collected (Percent) ments
1973 $697,797 $619,236 88.74 $ 87,793 $707,029 101 .32 $724,891
1974 913,497 742,105 81 .24 81 ,990 824,095 90.21 782,751
,_ 1975 953,453 696,193 73.02 273,771 969,964 101.73 736,530
1976 942,965 767,498 81 .39 223,843 991 ,341 105.13 706,413
'- 1977 918,918 801,584 87.23 168,821 970,405 105.60 655,073
1978 777,077 699,145 89.98 288,525 987,670 127.11 439,385
1979 678,501 606,763 89.43 134,352 741 ,115 109.23 379,149
1980 699,330 628,753 89.91 95,451 724,204 103.56 404,012
1981 785,128 755,588 96.24 87,206 842,794 107.34 347,975
1982 946,330 780,838 82.51 65,666 846,504 89.45 432,530
129
CITY OF FRIDLEY, MINNESOTA
HISTORY OF TAX LEVIES AND MILL RATES
LAST TEN FISCAL YEARS
1973 1974 1975 1976
Tax levies
General Fund $1,075,464 $1,178,854 $1,624,144 $1,769,965
P.E.R.A. Fund 53,954 95,895
Fire Relief Association Fund 13,776
Police Pension Association Fund 49,992 75,723
General Debt Service Funds 67,200 39,200 38,400 37,500 ._
Capital Improvement Fund 46,596
Total $1,260,386 $1,389,672 $1,662,544 $1,854,061
Mill rate
General Fund 10.84 10.97 14.53 14.09
P.E.R.A. Fund .54 .89
Fire Relief Association Fund .14
Police Pension Association Fund .51 .71
General Debt Service Funds .68 .37 .35 .30
Capital Improvement Fund .37
Total 12.71 12.94 14.88 14.76
Notes
(1) Beginning in 1972, the value of inventories and fixtures was dropped. Cities
were reimbursed by the State via other State Aids.
(2) 1972 and subsequent valuations reflect changes as provided for in Laws of 1971 ,
Extra Session, Chapter 31 , amended.
Beginning with taxes levied in 1972, collectible in 1973, Minnesota assessed values
tripled through elimination of the 33 1/3 ratio previously used to arrive at
"adjusted" market values. Tax rates are one-third of past rates.
130
Table 8
1977 1978 1979 1980 1981 1982
$1,974,563 $2,114,917 $2,264,856 $2,428,376 $2,684,615 $2,838,201
36,600 41 ,000 39,900 38,800 38,570 37,646
45,920 43,401 43,368 45,000 44,770 44,946
._ $2,057,083 $2,199,318 $2,348,124 $2,512,176 $2,767,955 $2,920,793
14.18 14.47 14.52 14.795 15.248 13.876
"- .27 .28 .26 .237 .220 .183
.33 .30 .28 .274 .254 .219
14.78 15.05 15.06 15.306 15.722 14.278
(3) Property values include net amount allocated pursuant to Laws of
1971, Extra Session, Chapter 23, from Area-Wide "Pool."
Beginning with taxes levied in 1974, collectible in 1975, the value on
which the City of Fridley's mill rate is calculated, is not the City's
assessed value but a taxable value based on the City of Fridley' s
assessed value and the net addition or reduction from the Metro Tax Pool.
131
CITY OF FRIDLEY, MINNESOTA
RATIO OF NET GENERAL BONDED DEBT
TO AssSs D VALUES AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
Deduct
Debt Special
Service Assessment,
Fiscal Assessed Gross Monies Revenue and
Year Population Value Bonded Debt Available BRA Bonds ..
1973 31,143 $ 95,588,238 $9,852,000 $63,181 $9,442,000
1974 32,542 107,465,059 8,885,000 42,898 8,525,000
1975 32,486 111,739,609 9,385,000 45,519 9,050,000
1976 31,570 125,693,024 8,210,000 49,081 7,900,000
1977 31,940 139,227,266 6,775,000 51 ,125 6,490,000
1978 33,450 146,282,224 6,385,000 60,363 6,125,000
1979 32,664 155,954,819 6,545,000 64,761 6,315,000
1980 30,228 164,223,022 6,105,000 69,888 5,905,000
1981 30,200 176,260,691 8,954,000 77,210 8,784,000
1982 29,920 203,417,534 9,160,000 82,373 9,020,000
132
'^ Table 9
Ratio of
Net Bonded
Debt To Net General
Net General Assessed Bonded Debt
Bonded Debt Values Per Capita
^
$346,819 .36 11.14
317,102 .30 9.74
289,481 .26 8.91
260,919 .21 8.26
233,875 .17 7.32
199,637 .14 5.97
165,239 .11 5.06
130,112 .08 4.30
92,790 .05 3.07
57,627 .03 1.93
133
Table 10
CITY OF FRIDLEY, MINNESOTA
COMPUTATION OF LEGAL DEBT MARGIN .,
DECEMBER 31, 1982
Assessed Value $215,650,488
(A) Debt Limit 6.667 Percent of Assessed Value $14,377,418
Amount of Debt Applicable to Debt Limit:
Total Bonded Debt $9,160,000
(B) Deductions:
General Debt Service Fund Assets $ 82,255
Tax Increment Redevelopment Bonds 3,425,000 .,
Special Assessment Bonds 5,325,000
Water Revenue and Improvement Bonds 270,000 9,102,255
Total Amount of Debt Appicable to Debt Limit 57,745
Legal Debt Margin $14,319,673
Notes
(A) M.S.A. Section 475.53 (see following page)
(B) M.S.A. Section 475.51 (see following page)
134
CITY OF FRIDLEY, MINNESOTA
COMPUTATION OF LEGAL DEBT MARGIN (CONTINUED)
YEAR ENDED DECEMBER 31, 1982
Note (A):
M.S.A. Section 475.53 et seq. Limit on Net Debt
"Subdivision 1. Generally, except as otherwise provided in section 475.51 ,
no municipality, except a school district or a city of the first class,
shall incur or be subject to a net debt in excess of 6.67 percent of the
assessed value."
Note (B):
-
M.S.A. Section 475.51 Definitions
NMI "Subdivision 4. "Net Debt" means the amount remaining after deducting from
its gross debt the amount of current revenues which are applicable within
the current fiscal year to the payment of any debt, and the aggregate of the
principal of the following:
(1) Obligations issued for improvements which are payable wholly or partly
from the proceeds of special assessments levied upon property specially
benefited thereby, including those which are general obligations of the
municipality issuing them, if the municipality is entitled to
reimbursement in whole or in part from the proceeds of the special
assessments.
(2) Warrants or orders having no definite or fixed maturity.
(3) Obligations payable wholly from the income from revenue producing
conveniences.
(4) Obligations issued to create or maintain a permanent improvement
revolving fund.
(5) Obligations issued for the acquisition, and betterment of public
waterworks systems, and public lighting, heating or power systems, and
any combination thereof or for any other public convenience from which
a revenue is or may be derived.
(6) Debt service loans and capital loans made to a school district under
the provisions of sections 124.42 and 124.43.
(7) Amount of all money and the face value of all securities held as a debt
service fund for the extinguishment of obligations other than those
deductible under this subdivision.
(8) All other obligations which under the provisions of law authorizing
their issuance are not to be included in computing the net debt of the
., municipality."
135
Table 11
CITY OF FRIDLEY, MINNESOTA
COMPUTATION OF DIRECT AND OVERLAPPING
BONDED DEBT AND COMPARATIVE DEBT RATIOS
DECEMBER 31, 1982
% of
Debt % of Debt Net Debt
Gross Service Net Applicable Applicable
Governmental unit Debt Funds Debt to City to City
Direct and overlapping debt
Direct debt:
City of Fridley $ 9,160,000 $ 2,286,509 $ 6,873,491 100.000 $ 6,873,491
Overlapping debt:
School Districts
No. 11 $ 20,905,000 $ 2,876,630 $ 18,028,370 2.023 $ 364,714
No. 13 2,625,000 1,848,509 776,491 32.186 249,921
No. 14 2,481 ,000 483,950 1 ,997,050 100.000 1,997,050
No. 16 11,336,441 3,254,178 8,082,263 42.422 3,428,658
Metro Transit 20,050,000 3,304,000 16,746,000 1.721 288,199
Metro Council 270,460,000 26,426,215 244,033,785 1.581 3,858,174
Anoka County 6,545,000 1,310,892 5,234,108 20.750 1 ,086,077
Vocational/Technical
District No. 916 4,980,000 391 ,361 4,588,639 2.784 127,748
Overlapping debt 339,382,441 39,895,735 299,486,706 11,400,541
Total direct and
overlapping debt $348,542,441 $42,182,244 $306,360,197 $18,274,032
136
Table 12
CITY OF FRIDLEY, MINNESOTA
_ RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL BONDED DEBT TO TOTAL GENERAL
GOVERNMENT EXPENDITURES
LAST TEN FISCAL YEARS
Ratio of Debt
Total Total Service to
Fiscal Debt General General
Year Principal Interest Service Expenditures Expenditures
1973 $65,000 $ 14,620 $ 79,620 $2,341 ,081 .0340:1
1974 25,000 12,685 37,685 2,520,672 .0150:1
1975 25,000 11,885 36,885 2,899,724 .0127:1
1976 25,000 11,073 36,073 3,281 ,818 .0110:1
1977 25,000 10,247 35,247 3,601,933 .0098:1
1978 25,000 9,422 34,422 3,971 ,816 .0087:1
1979 30,000 8,500 38,500 4,280,363 .0090:1
1980 42,725 10,844 53,569 4,488,799 .0119:1
1981 43,743 8,802 52,545 5,428,872 .0097:1
1982 44,845 187,948 232,793 7,193,387 .0324:1
137
Table 13
CITY OF FRIDLEY, NINDESOTA.
MENUS BOND COVERAGE
YATNROORLS BONDS
LAST TEN FISCAL. TEARS
Net revenue
Direct Direct available
Fiscal operating operettas for debt Debt service requirements .,
year revenue exRenset service principal Interest Total Coverage
1973 $1,024,475 $ 824,166 $ 200,309 $15,000 $17,700 $32,700 6.1
1974 1,145,027 873,040 271,987 15,000 17,025 32,025 8.5
1975 1 ,169,260 1,000,918 168,342 15,000 16,350 31,350 5.4
1976 1,286,963 1,108,130 178,833 61,607 22,482 84,089 2.1
1977 1,276,196 1,139,152 137,044 46,607 16,265 62,872 2.2
1978 1 ,404,459 1,299,988 104,471 51 ,724 13,361 65,085 1.6 -■
1979 1 ,394,580 1,237,504 157,076 51 ,724 10,331 62,055 2.5
1980 1 ,477,709 1,376,970 100,739 56,964 7,207 64,171 1.6
1981 1 ,560,081 1,681,670 (121,589) 57,750 4,015 61,765 -
1982 1 ,753,918 1,767,818 (13,900) 47,500 1,229 48,720 -
138
Table 14
CITY OF FRIDLEY, MINNESOTA
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Fiscal Per Capita Median School Unemployment
year Population (1) Income (2) Age (4) Enrollment (3) Rate (5)
1973 31,143 4,644 (3) 22.6 9,220 3.4
1974 32,542 5,141 22.7 8,983 3.5
1975 32,486 5,667 (3) 22.9 8,712 5.2
1976 31,570 6,193 (3) 25.1 8,339 5.1
1977 31,940 6,721 (3) 25.4 7,750 4.0
1978 33,450 6,980 (3) 25.9 7,119 2.7
1979 32,664 7,239 (3) 26.2 6,666 2.8
1980 30,228 (2) 8,654 27.4 (2) 6,331 4.4 (2)
— 1981 30,200 8,700 (3) 27.7 (3) 5,915 4.7
1982 29,920 8,750 (3) 28.0 (3) 5,595 6.6
Sources:
(1) Estimated by Metropolitan Council
(2) Current Population Report - Bureau of the Census
(3) Estimated by the City of Fridley Planning Department
(4) Sales Market Management Survey of Buying Power (Anoka County)
(5) Minnesota Department of Economic Security - Twin Cities Labor Market
— Information Center
139
Table 15
CITY OF FRIDLEY, MINNESOTA
CONSTRUCTION, BANK DEPOSITS AND PROPERTY VALUE
LAST TEN FISCAL YEARS —'
Commercial Residential
Construction Construction Property Value'
Number Number Bank (1) Total
Fiscal of of Deposits Taxable Non- Market
year units Value units Value (thousands) Property Taxable (2) Value
1973 58 $ 4,482,184 326 $3,094,705 $10,599 $282,526,823 $ 29,418,855 $311,945,678
1974 67 4,354,649 321 3,574,817 11,002 311 ,738,949 29,418,855 341 ,157,804 -,
1975 50 4,683,913 411 4,680,199 12,760 343,577,630 63,489,810 407,067,440
1976 54 6,303,847 442 6,890,745 13,898 385,337,077 63,489,810 448,826,887
1977 58 5,596,312 458 7,755,824 16,585 423,452,735 63,489,810 486,942,545
1978 51 5,247,268 385 4,673,528 18,033 475,379,399 63,489,810 538,869,209
1979 47 7,755,397 404 4,107,660 17,885 492,034,522 63,489,810 555,524,332
1980 36 23,922,267 367 2,374,966 18,763 572,996,198 63,489,810 636,486,008
1981 32 4,589,180 348 2,809,033 19,399 651 ,255,759 109,749,739 761,005,498
1982 57 5,498,098 305 3,012,844 22,875 772,714,552 110,559,039 883,273,591
Source:
(1) Fridley State Bank, Annual Financial Statement
(2) Non-Taxable property is reevaluated by the county assessors every six years.
• Estimated Market Value
140
Table 16
CITY OF FRIDLEY, MINNESOTA
PRINCIPAL TAXPAYERS
DECEMBER 31, 1982
1982 Percent
Estimated of Total
Market Assessed
Rank Taxpayer Type of Business Value Valuations
1. Medtronics, Inc. Electro-medical devices $ 18,598,500 8.62
2. Onan Corporation Portable electric generators 17,172,500 7.96
3. FMC Corporation Naval ordinance 15,881,000 7.37
4. Target Stores Discount store and warehouse 11 ,315,800 5.25
5. Maurice Fillister Georgetown apartments 8,740,700 4.05
6. LaMaur, Inc. Cosmetics 6,720,300 3.12
7. Five Sands Development Meadowrun Apartments 5,246,000 2.43
8. Midland Cooperatives Warehousing oil and grain products 5,149,900 2.39
9. Carter-Day Air control equipment 4,767,600 2.21
10. Holiday Village Discount department store 4,739,400 2.20
11. Black Forest Apartments Apartments 4,319,000 2.00
... 12. Pillsbury Totino's Frozen foods 4,182,900 1.94
13. Rice Creek Townhouses Townhouses 3,990,400 1.85
14. Honeymead Products Linseed oil and grain products 3,923,100 1.82
15. Wickes (Twin Stores) Discount furniture show/warehouse 2,763,300 1.28
Total $117,510,400 54.49
* Before contribution to Metropolitan Tax Pool
141
CITY OF FRIDLEYL MINNESOTA
INSURANCE COVERAGE
DECEMBER 31, 1982
All risk, direct physical loss coverage
Buildings and contents (except liquor store and stock) -
90% co-insurance $ 7,170,269
Liquor store 6289 Highway #65 152,322
Personal property (liquor stores) 71,020
Boiler insurance 500,000
Contractor's equipment, including miscellaneous property of $78,260 355,431
Signs 16,148
_.
General liability
Bodily injury
Each occurance 500,000
Aggregate 500,000
Property damage
Each occurance 100,000
Aggregate 100,000
Excess liquor liablity
Each occurance 500,000
Aggregate 500,000
Loss of business income, liquor stores 149,460
Umbrella liability 1,500,000
Automobile liability
Bodily injury
Each person 250,000
Each occurance 500,000
Property Damage 100,000
Comprehensive and collision
Passenger vehicles Actual cash value
Other vehicles Actual cash value
Police officer's liability
Combined single liability 500,000
Punitive damages 25,000
Accidental death and dismemberment 10,000
Foundation for the Islands of Peace
Building 150,000
Contents 25,000
Miscellaneous small tools 4,595
Hired and non-owned auto
Bodily injury 250,000
Each person
Each occurance 500,000
Property Damage 100,000 ^'
Money and securities, inside and outside premises, all locations 15,000
Workers' compensation Statutory
Public officials' liability 1 ,000,000
PRINCIPAL OFFICIALS' BONDS
DECEMBER 31, 1982
Nasim M. Qureshi City Manager $50,000
Sidney C. Inman City Clerk 1,000
Treasurer 50,000
BRA 50,000
All employees are covered by a blanket of faithful performance bond of $100,000
142
CITY OF FRIDLEY, MINNESOTA
CITY CAPITAL IMPROVEMENT mum= POLICY
DECEMBER 31, 1982
The policy of the City of Fridley regarding financing of major capital
improvements is as follows:
Street, Curb and Gutter, Sidewalk and Storm Sewer Improvements
It is the policy of the City to assess 100% of the cost of street surfacing,
curb and gutter improvements and storm sewer improvements against benefited
properties, less aid for construction received from the State of Minnesota.
Properties owned by the City, the school districts, or other tax exempt
organizations are treated in the same manner and assessed at the same rate as
taxable properties.
Water and Serer Improvements
Water and sewer lateral improvments are 100% assessed against benefited
properties. Properties owned by tax exempt organizations are treated the same
as taxable properties. The water and sewer main system has been substantially
assessed against benefited properties. An exception to the above policy has
been the cost of looping certain water system main lines which benefited no
particular properties. This unassessed portion of the improvement cost is
being financed by the Public Utility Fund.
Wells, Reservoirs, Pumping Stations, Etc.
These improvements have been financed from the income of the Public Utility
Fund.
— Acquisition of Park Land, Civic Center, Etc.
It is the policy of the City to finance small park capital improvements out of
the current General Fund operating budget. It is the policy of the City to
finance major park capital improvements, such as the purchase of large parcels
of land, with general obligation bonds. The City currently has one general
obligation bond issue outstanding. This is for the Civic Center. The balance
outstanding for this issue on December 31, 1982 was $140,000.
Other Capital Improvements
—' It is the policy of the City to finance capital improvements such as fire
trucks and public works equipment, etc. from the current General Fund
operating budget. In order to stop fluctuations in the amount budgeted
annually for such items, the City started a Capital Improvement Fund in 1976.
The balance in this fund on December 31, 1982 was $1,197,517. The purpose of
the fund is to finance capital outlay items normally financed through the
General Fund. No purchases have been made through this fund to date.
Revenue Sharing
The General Fund is used as the vehicle for budgeting and expenditure of
Revenue Sharing monies. In 1982, 33% of Revenue Sharing funds were used for
capital outlay items, 23% for other expenses and 44% for personal services.
143
CITY OF FRIDLEY, MINNESOTA
MISCELLANEOUS STATISTICAL INFORMATION
DECEMBER 31, 1982
Date of Incorporation (Village of Fridley) July 1 , 1949
Date of Adoption of City Charter September 10, 1957
effective
September 25, 1957
Form of Government Council/Manager -^
Fiscal year begins January 1
Area of City 11 square miles
Bond rating Aa1
Elections
Last Election - Federal, State and Ward 2 November 2, 1982
Registered voters 17,019
Number of votes cast 12,869
Percent (%) of registered voters voting 75.6%
Population
1950 Federal Census 3,796
1960 Federal Census 15,182
1965 Special Federal Census 24,789
1970 Federal Census 29,233
1971 Estimated by Metropolitan Council 29,636
1972 Estimated by Metropolitan Council 30,240 ..
1973 Estimated by Metropolitan Council 31 ,143
1974 Estimated by Metropolitan Council 32,542
1975 Estimated by Metropolitan Council 32,486
1976 Estimated by Metropolitan Council 31 ,570
1977 Estimated by Metropolitan Council 31 ,940
1978 Estimated by Metropolitan Council 33,450
1979 Estimated by Metropolitan Council 32,664
1980 Federal Census 30,228
1981 Estimated by Metropolitan Council 30,200
1982 Estimated by Metropolitan Council 29,920 --
Permanent Employees--As of December 31 Number
1970 115
1971 105
1972 109
1973 118
1974 123
1975 130*
1976 129*
1977 148*
1978 141*
1979 122 ,...
1980 126
1981 129
1982 123
*Includes CETA
144
— CITY OF FRIDLEY, MINNESOTA
MISCELLANEOUS STATISTICAL =PORTION (CONTINUED)
DECEMBER 31. 1982
Fire protection
Number of stations 1
Volunteer Firefighters 27
Full-time Firefighters 5
Fire rating Class 4
Police protection
Number of stations 1
_. Number of sworn officers 32
Number of street lights 927
Number of traffic signal installations 29
Number of other special signal installations 1
Number of civil defense warning sirens 9
Miles of streets and sidewalks (including State and County)
City streets 122.32
Trunk highways 10.8
County roads 16.82
-" Sidewalks 9.5
Miles of sewer
Storm 37.97
Sanitary 99.73
Miles of water mains 104.12
Municipal water system source
Primary source City of Fridley Water Plant
(13 wells)--Capacity of 15
million gallons per day
Secondary source City of Minneapolis
(Mississippi River)--35
million gallons per day
Number of water connections December 31 , 1981 7,872 Connections
Daily average consumption (gallons) 4.4 million gallons
Elevated storage capacity , .5 million gallons
Number of fire hydrants 1,014
Municipal Sewer System
Disposal--through Metropolitan Waste Control
Commission
Number of connections December 31, 1981 7,978
Average daily flow (includes infiltration/inflow) 3.13 million gallons
145
CITY OF FRIDLEY, MINNESOTA
MISCELLANEOUS STATISTICAL INFORMATION (CONTINUED)
DECEMBER 31, 1982
Parks and Recreation Areas
Developed 425 Acres -,
Undeveloped 125 Acres
Total 550 Acres ,_
City Parks Schools Total
Number of:
Hockey rinks 10 0 10
General skating rinks 17 0 17
Playgrounds 29 9 38
Swimming beaches 1 0 1
Swimming pools 0 1 1
Wading pools 0 0 0
Picnic grounds 2 0 2
Day camp sites 1 0 1
Baseball diamonds 1 4 5 —.
Softball diamonds 22 16 38
Outdoor basketball courts 21 13 34
Tennis courts 23 17 40
Horseshoe courts 16 0 16
Archery ranges 1 0 1
Permanent playground buildings 0 0 0
Permanent picnic shelters 9 0 9
Soccer fields 4 2 6
Football fields 4 9 13
146
CITY OF FRIDLEY, MINNESOTA
GENERAL INFORMATION
DECKER 31, 1982
Location - Transportation
The City of Fridley, with a total land area of eleven square miles and an
estimated population of 29,920, is located at the northern boundaries of
Minneapolis and Columbia Heights, about eight miles from the Minneapolis central
business district. Freight service is provided in the area by local and
interstate truck lines, Burlington Northern Railroad and Minnesota Transfer
._ Railway. Commuter transportation is available through Metropolitan Transit
Commission facilities. Highways serving Fridley include Interstate #694
(beltline around the metropolitan area) and State Highways. An International
Airport, located approximately twenty-five miles south of Fridley, and private
.- business aviation facilities located at the Anoka County and Crystal Airports,
provide air transportation and are operated by the Metropolitan Airport
Commission.
.. Larger Employers
Larger employers in the City include:
No. of
Employer Product or Service Employees
FMC Corporation Pumps and naval ordinance 3,600
Medtronics, Inc. Electro-medical devices and hdqtrs. 2,212
Burlington Northern Railroad Northtown Yard 2,100
Onan Corporation Portable generators, electronic 1,900
equipment
Unity Hospital Medical services 1 ,200
_ Target Stores, Warehouse Discount store and warehouse 750
Totino's Finer Foods Frozen foods 460
Carter-Day Company Air control equipment 400
Kurt Manufacturing Machine parts 400
LaMaur, Inc. Cosmetics 398
Holiday Village North Discount department store 320
Independent School District #14 Fridley School District 315
.- Minco Products, Inc. Electronic devices 280
Barry Blower Manly Company Air moving devices 250
Holly Shopping Center Retail and service establishments 200
Safetran Systems Corporation Railroad accessories 225
Midland Cooperatives Warehousing and oil blending plant 150
Strite-Anderson Manufacturing Aluminum die castings 130
Honeymead Products Linseed oils 125
Longview Fiber Company Packaging supplies 116
Dealers Manufacturing Company Remanufacturing auto parts 109
Webb Printing (under const.) Printing TV Guide 100
147
CITY OF FRIDLEY, MINNESOTA
GENERAL INFORMATION (CONTINUED)
DECEMBER 31, 1982
Medical Facilities
Medical facilities in Fridley include Unity Hospital, a 275-bed hospital, and fl
the adjacent Unity Professional Building. Other facilites include Fridley
Convalescent Home, Fridley Medical Center and Lynwood Manor nursing home.
-.
Education
Fridley is served by four school districts, with a major portion located within
Fridley Independent School District No. 14. The Fridley School District
operates three elementary schools, a junior high, and senior high school
employing 143 certified classroom teachers in the education of about 3,245
students. Totino-Grace Parochial High School has an enrollment of 1 ,015
students. Portions of the Columbia Heights School District (13) , Spring Lake
Park School District (16) , and Anoka/Hennepin School District (11) also lie
within the City of Fridley. These districts have an enrollment of 2 , 350
students living within the City of' Fridley.
—
Colleges, universities, vocational-technical and specialized training schools
are located throughout the metropolitan area within easy commuting distances of
Fridley.
148.