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06/26/15 2014 Summary Financial Statement _J .. +� AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA �ss COUNTY OF ANOKA ) Charlene vold being duly sworn on an oath, states or aftirms that they are the Authorized Agent of the newspaper(s)known as: SF Columbia Heights/Fridley and has full knowledge of the facts stated below: (A)The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provided by Minn. Stat. §331A.02, §331A.07, and other applicable laws as amended. (B)This Public Notice was printed and pub- lished in said newspaper(s) for 1 succes- sive issues; the first insertion being on 06/26/2015 and the last insertion being on 06/26/2015. By: `=�\Y��►.�V C�•¢� Authorized Agent Subscribed and sworn to or affirmed before me on 06/26/2015. ��Q� fl ►� ��PI,..�.�, Notary Public '�/V VV DAflIENE lulARiE MACPHERSON NotBry PubNG AAHne�Ote AAy cannwewn F.�tres.Mn 31.2Ms Rate Information: (])Lowest classified rate paid by commercial users for comparable space: $25.40 per column inch Ad ID 409583 GiY OF FRIDLEY,MINNESOTA SUMNIARY FINANCIAL REPORT � � +9° -- =�► � The purpose of this report is to proWde a summary of flnancial informatlon concerning the qty of � � Fridley,MinnesoW to.interested cRizms.The complete Flnancial statements may be examined at �the City Hall,6431 U�iversky Ave NE. k can also be found on our website at www.fridkymn.gov. . Questions about this report shbuld be directed to Darin Nelson,Finance Director at(763)572- � f � 3520. , � - � REVENUE AND EXPENd7URE5 FOR GENEIIAL OPERA710N5 � ' (GOVERNMENTAL H1N05) � . . � � FOR 7HE YEAR ENDING DECEM9ER 31,2014 and 2013 � P�►a�nt �� Revenues: � 2014 � 2013 Decnase � Taaes� � � S 11,554,557 $ 11,024,785� 4.81% � Specia�asxssments 938,290 834,120 12�.49% Licensesandpermits - ' 1,171,365 1,123,635 4.25% � . Intergovernmental revenue � 3,208,442. 2,643,728 21.36% � � Charges for services 2,518,062 � 2,545,908 -1.09% Fines and forfelts � � 226,922 218,194 4.00% . � Investment inmme 565,245 � (185,473) �04J6% . • . - Miscellaneous 314,416 295,409 6,4374 � � � Total rnrenues $ 20.497,299 $ 18.500.306 10.7976 � Per opita � 736 �666 10.48% ' � � Expenditures . � � � 'Current: � � � . � , General govemment $ 3,732,056 $ 3,279,657 13J9% � � - � Publicsafety �7,165,678 6,794,524 5.46% . Public works � 4,635,752 3,530,939 31.29% � , Community development 894,785 817,895 9.40% ' Parks and recreation 1,422,405 1,305,158 8.98% Debt service 1,344,040 1,207,326 11.32% _ 1:�:Q0� 2.53b.286 44:b[S� -- - ��:� �, . ei:�� . T�E)Ip�l�dkures .,,.:.. .. . � $ 20.1l4,724 $ 19.471,795 .� 5.20% Per ppita �35 701 4.90% Total general obligatlon � long-term indebtedness . � $ 5,530,006 5 6,680,000 -ll.22% PercapiW 198 240 -17.45% Governmental funds uoassigned ' � . fund balance as of December 31 � $ 8,144,619 , 5 7,898.470 3.12% � Per wpita � 292 284 2.82% CIiY Oi RRIDtEY.MINNESOTA . . . STATBMi1R OF NET/OSRION . . ' �ROFlUETARY Fl1ND5 , � OECEMBER 31,2014 . � pssets: - liquor Water Sewer Stortn Water ToUls - � CurreM auets:. . � Cash and cash equivalants � 5 142,661 5 3,271,177 $ 1,053,825 $ 1,427,487 $ 5,895,150 � AccountsreceivaWe 12.100 1,124.732 1.390.182 231,633. 2.759.6t7 Spechl assasments receiw+ble �. - 10,315 - 33,309 � 13,624 Due Jrom other govemmeMS - - � 204.095 87,324 .:291.419 InveMOdes,at cost 607,811 .121,030 . 728,$41 7ohl curtent assets 762,572 •527�2'f� 2 2 �* 9 7 � lbOtllflUiltail�ts: • - � �•,.. . �•r"' .�r�- ��-'�'�� ..__-. �:�.�;.,.t Fb;.- t.h .'"%,'r�; .` . -- tA (..,,2.1` ��,-'. �,,,,.. i Capkal assefs: . . . .`'� ' � Land 151,946 - 154,531 - 306,477 Buildings and structures 130,211 3,167,580 8,770 - 3,306,561 ImprovementsotherthanbWidngs 824,749 8,934,668 .2,9p¢,354.._ .2Q66,534 14,732,305 . MachMery.andlpuipmen[�<` .. .... .. . `:216,�59 � �1.l5i.91D �.��!'1!�!4-.. .�� 1R,215 3.313,106 �� Infrastnxturc � � � - 10,179,257 7,052,835 7,438,008 24,670,120 � . � Constructbn��proqress - 416,242 �416,242 Tuhl wpkal assets 1,323,365 24,389,554 10,939,233 10,092,999 46,745,151 Leu:Allowancefordepreciation (763,085) (14,322,933) (7,139,432) (5,685,367) (27,910,8171 NM capkal assets 560,280 30,06fi,621 3,799,l01 � 1,107,632 1l�634,33Y . � . Talal:eonaur�n x�s, � �560.280 10.066.621 3.799.801 ,�4107� .� � � � �adlass�es � � -1,322,852� 14,593,5�5 6,447,903 6,188,84 MS Liabilities: � Current IlabiliNes: - � � Accounu payable 331,608 236,690 6,920 8,616 585,834 .Aarued iMerat payable � - � 78.780 5,771 . 4.391 � 86,942 ��K�p�y�y�e - � 34,824 5,753 24,24) � � 44.824 Due to other{ovemments � 51,482 6,603 23 � 1,033 59,idi' �SalaNes payabk � � 28,922 23.700 23.7Q - . 76.364 Bonds payaDle-current - 530,000 30,000 25,000 � 585,000 Total curcent IiaDilitks 412,012 892,597 72,209 � ,287 . 1;4W,�05. Nmcurrent IIabllkies: � � . � � Other post emDloyment benefits � 19,%9 30,625 22,600 - 73,194 _ Bonds payable-noncurrent - 4,538,518 410,000 310,000 5,258,518 ToWlnoncurtentfiabllities � 19,969 4,569,143 432,600 310,000 5,331,712 � ToWllbbilkies 431,981 5,461,740 504,809 373,287I 6,771,817 Net position: � . Net imested in capi[al assets � 560,280 4,998,103 3,359,801 . 4,135,632 13,053,816 i WY�shitted . . .y, ;.,�y_,,,�.' y�, TaWMfelltlon � � . ',,,�:� _ - urr anao�r,�r� �. STATE��.�. AND.�W,NFT�,I�r'�'. . .- _.__ . . _ %ODPRIEURY FUNDS _ . .__ � � � � � FOR THE YEAR ENDED DECEMBEN31,2014 Liquw Water � Sewer Storm W�pf Totals Sales • 5 4,786,987 5- S - S - S 4,786.987 Cost of sales � (3,525,672) ' - � � 3 SZS 672 - Grou proflt � � 1,261,315 - � ]y261,31 . Operating revenuer. � . � � CusWmer Wllings - 2.909.224 4.754p92 699.699 . 8,363.415 Other revenues 4,493 � 4,493 Total operating revenues . - 2,913,717 4,754,492 699,699 8 367 908 Total gross proflt and opereting revenues �3fif,�3iS �9I373T' �:/5T39F -� � Opered�expenses: � .. Personal urvices 547,213 801,180 759,360 � 250,100 . 2;357,l53 Supplies and other charges: � � � � � � � Dlsposalcharges , - - � 3.581.746 - 3,581,716 pther 474,911 1,180,985 312,294 101,430 2,069,6I0 Depredatbn � 48,520 729,276 321,262 235,797 1,334,855 � Totaloperatingexpenses . 1,070,644 2,711,441 4,974,662 587,327 9,3�4,0?4 Opereting Inwme(loss) 190,671 202,276 (226,170) 112,372 285,149� Nonoperoting revenues(ezpenses): . �r��q '_ . . 118827 - 118,827 `ma�anad�tis ' . Ii.00sl 3s;�zi �•3�r°.,v°; i��"��_ Net chanse in the fair value of investments 659 �M.421 18,305 � � Insunnce reimbursement 12,201 - - • � - `�,362' Interestezpense - (190,978) (13,925) (10,568) (215,491) . ��.Other � 33.262� 33,262 � Total nonoperoting revenues(expenses) - 11,855 (IW,230) 132,445 59,977 97,Q47 Income(loss)before tro�sfen 202,526 95,046 (87,725) 172,349 382,196 Transkrs and Upital CoMributions: � � Transfers out � � � (250,000) - - � - (Z5�.00�) UpIWI contribuHons-IMergovernmenhl - 321,800 321,800 � ToWI trensfers and contHbutions�� - �(250,000) - - - 321,800 71,800 Change to net position (47,474) 95,046 (87,725) 1%,149 � 453,996� Net position January 1 � 938,345 9,037,089 6,030,819 � �5,3Y0,949 21,327,202 NMposkion-�December3l $ 890.871� $ 9,132,135 $ 5,943,W1. $ 5,815,098 $ .21,781,148 piY OF FRIDLEY,MINNESOTA . � . . STATEMENT OF fASH FLOWS � � PROVRIETARY FUNDS � . . � � FON THE YEAR ENDED DECEMBER 31,2014 . . � Liquor � Water Sewer Storm Water. Totals Cash flows from opersting activttier. � � Receipts from customers aM usen $ 4,824,887 5 2,849.739 $ �4,336,974 $ 517,02,� $ 12,528,623 � Paymenttosuppliers (4,0]9,612) (823,890) (3,973,252) (72,943) (8,889,697) Paymenttoemployees - (536,612) (800,692) P54,039) (250,100) � 12,341,M3) Net cash flows from opersting activities 268,663 1,225,157 '.(390,317) 193,980 - 1,29T,483 � Gsh flows fiom rwncaD�flnancinQ activitles: Opereting grana � - - 118,827 - 118,827 7nnsfers out (250.0001 .IZ�.�) Net ash flovis from�roe�wpkal , � . � �. . . � � �� financing activkies � � (250.00U) - 118.827 � - (131.173) Gsh flows from caD��and rllated • �. i � � � fimndngacUvlties . � � Acquisition of wpiWl assets - (79.701) (730.998) (192.219) (593A31) (3.595.9I9) �Capkal Grants - - - . 321,800 321.800 � � ..Princl{MI received on�speclal�ssessments � - - - . 33.262 . � 33,262 . • 'Inww�ner�a�urf�nnt: _ . 12.201 � . . , _ � � 12,201 Principal paid on revenue bonds � � � -�-�� (520,000) � (30,000) � (20,000) � �(SYb,OGO) Interest and paying agent fees on revenue bonds (198,322) (14,300) (10,838) (223,460).. . Net cash flows from capital and related flnaqd�attivkhc:� .. �.(67:$A0) �� I3�M9,3201. (23649191� 1268.807) (2,022.146) � Gtl�110w�h,d�if.-iMStlnL ic11r1Ifls: ,. � . �Nrvlsim�nt9noonl�l , � (3�181 �3.718 y� �27,543 37.303 148.248 .. �rMc incrow Id�)x}osh aa . .- .. . � ca�he4uw+t«+�s , f49.isa�, �s�o,l�1 I�eoASel fs�:sza) (m�.ses� tna�nd ud��-�nunv l i9s.au s s s.s�i i.us.ou e.6oz.�ss 4i� � fa�pud.�adflquhhhnts.-DecemMr31 .� -$� S 3�. � � OS�` .S ' $ 3,427.48� $ 5,895,150 �tss1A.NW4aba4uNa16nes ..- � � - � .. .. . `.�I[lssNS � � . � $. 1�.68��: �$.�.8.377f1A S ��1.053,825 $ 1.427.487 $ 5.895.150 � �MSakad.aeea � ' .. . � � . ToblwhandasheqWwMnts'OSCembar3l.�� '$ ,.142,6fi1� �S. 3�,21I.1?/ S �1,��3,615 $ 1.127,487 S b.895.350 (8/28f15.3SF2.Z014 Summery Flrwndel Shtement,4QB583) ` /