07/11/2014 Summary of 2013 Finance Report AFFIDAVIT OF PUBLICATION CITY OF FRIDLEY,MINNESOTA
STATE OF MINNESOTA )Ss SUMMARY FINANCIAL REPORT
COUNTY OF ANOKA ) [FridI1yrPMiSnn0ef,
e puoe this report is to provide a summary of financial information concerning the City of
Charlene Vold being duly sworn on an oath, ta tointerested citizens. The complete financial statements may be examined at
states or affirms that they are the Authorized the City Hall,6431 University Ave NE. It can also be found on our website at www.fridleymn.gov.
Agent of the newspaper(s)known as: Questions about this report should be directed to Darin Nelson, Finance Director at (763) 572-
3520.
SF Columbia Heights/Fridley REVENUE AND EXPENDITURES FOR GENERAL OPERATIONS
(GOVERNMENTAL FUNDS)
FOR THE YEAR ENDING DECEMBER 31,2013 and 2012
and has full knowledge of the facts stated Percent
below: Increase
Revenues: 2013 2012 (Decrease)
(A)The newspaper has complied with all of Taxes
the requirements constituting qualifiica- Licenses and pe mats $ 11,024,785 $ 10,732,129 2.73%
834,120 763,920 9.19%
tion as a qualified newspaper as provided Intergovernmental revenue 1,123,635 1,104,504 1.73%
by Minn. Stat. §331A.02, §331A.07, and Charges for services 2,643,728 2,649,207 -0.21%
Fines and forfeits 2,545,908 2,353,888 8.16%
other applicable laws as amended. Investment income 218,194 255,622 -14.64%
(B)This Public Notice was printed and pub-
Miscellaneous (185,473) 236,226 -178.52%
Other 295,409 322,354 -8.36%
lished in said newspaper(s) for I succes- Total revenues $ 18,500,306 $ 18,417,850 0.45%
sive issues; the first insertion being on Per capita 666 663 0.47%
07/11/2014 and the last insertion being on Ex
pen
07/11/2014
07/11/2014. General government \$ 3,279,657 $ 3,499,197 -6.27%
Public safety 6,794,524 6,426,775 5.72%
Public works 3,530,939 3,047,300 15.87%
Community development 817,895 772,070 5.94%
Parks and recreation 1,305,158 1,252,089 4.24%
Debt service
/ � 1,207,326 1,219,334 -0.98%
Capital outlay 2,536,286 1,639,773 54.67%
By: l Total Expenditures $ 19,471,785 $ 17,856,538 9.05%
Authorized Agent Per capita 701 643 9.07%
Total general obligation
long-term indebtedness $ 6,680,000 $ 7,660,000 -12.79%
Subscribed and sworn to or affirmed before
me on 07/11/2014. Per capita zao 276 12.78%
Governmental funds unassigned
fund balance as of December 31 $ 7,898,470 $ 7,484,648 5.53%
'��/��'/�\\ L��
� Per capita 284 269 5.55%
CITY OF FRIDLEV,MINNESOTA
Notary Public STATEMENT OF NET POSITION
PROPRIETARY FUNDS
DECEMBER 31,2013
Assets: Liquor Water Sewer Storm Water Totals
L
Current assets:ANE MACPHEASON Cash and cash equivalents $ 191,844 $ 2,821,762 5 1,374,090Restricted cash and cash equivalents $ 1,465,011 $ 5,852,707
- 589,830 160,201 - 750031
! Nblic�Minrreaata Accounts receivable 50,000 1,068,464 1,172,709 156,502 2,447,675
Special assessments receivable 13,088 15,693
My Eq*"Jin 31,2418 z soy a,oso 1,000 5,050
Due from other governments _
Inventories,at cost 578,850 286,433 - - 865,283
-.. .._�_Totatcurrent assets 820,694 .4,769,094 2,711,050 1,635,601 9,936,439
Noncurrent assets:
Capital assets:
Land - 151,946 154,531 - - 306,477
Buildings and structures 130,211 3,124,015 8,770 - 3,262,996
Improvements other than buildings 774,790 8,934,668 2,906,354 2,066,534 14,682,346
Machinery and equipment 186,717 1,635,574 1,024,822 172,215 3,019,328
Infrastructure - - 9,809,768 7,030,690 7,227,381 24,067,839
Construction in progress - - - 33,838 33,838
Total capital assets 1,243,664 23,658,556 10,970,636 9,499,968 45,372,824
Less:Allowance for depreciation (714,565) (13,593,657) (7,041,792) (5,449,570) (26,799,584)
Net capital assets 529,099 10,064,899 3,928,844 4,050,398 18,573,240
Total noncurrent assets 529,099 10,064,899 3,928,844 4,050,398 18,573,240
Total assets 1,349,793 14,833,993 6,639,894 5,685,999 28,509,679
Liabilities:
Current liabilities:
Accounts payable 328,366 61,332 12,336 5,409 407,443
Accrued interest payable - 86,488 6,146 4,641 97,275
Due to other governments 44,792 7,093- 79,572 - 131,457
Salaries payable 19,794 25,334 20,188 - 65,316
Bonds payable-current - 520,000 30,000 20,000 570,000
Total current liabilities 392,952 700,247 148,242 30,050 1,271,491
Noncurrent liabilities:
Other post employment benefits 18,496 28,503 20,833 67,832
Rate Information: Bonds payable-noncurrent 5,068,154 440,000 335,000 5,843,154
(1)Lowest classified rate paid by commercial users Total noncurrent liabilities 18,496 5,096,657 460,833 335,000 5,910,986
for comparable space: Total liabilities 411,448 5,796,904 609,075 365,050 7,182,477
Net position:
$25.40 per column inch Net invested in capital assets 529,099 5,066,575 3,458,844 3,855,599 12,910,117
Unrestricted 409,246 3,970,514 2,571,975 1,465,350 8,417,085
Total net position $ 938,345 $ 9,037,089 $ 6,030,819 $ 5,320,949 $ 21,327,202
Ad ID 245490
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF REVENUES,EXPENSES AND CHANGES IN NET ASSETS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31;2033
Liquor Water Sewer Storm Water Totals
Sales $ 4,705,523 $ - $ - $ - $ 4,705,523
Cost of sales (3,497,168) - (3,497,168)
Gross profit 1,208,355 1,208,355
Operating revenues:
Customer billings - 2,762,859 4,548,904 552,643 7,864,406
Charges for services - - 350 1,862 2,212
Other revenues - 10,242 10,242
Total operating revenues - 2,773,101 4,549,254 554,505 7,876,860
Total gross profit and operating revenues 1,0, 5 2,773,1UT 554,505 9-085,215
Operating expenses:
Personal services 506,256 826,616 695,883 240,400 2,269,155
Supplies and other charges:
Disposal charges - - 3,374,867 - 3,374,867
Other 322,048 829,425 262,130 112,223 1,525,826
Depreciation 29,437 764,093 304,554 238,287 1,336,371
Total operating expenses 857,741 2,420,134 4,637,434 590,910 8,506,219
Operating income(loss) 350,614 352,967 (88,180) (36,405) 578,996
Nonoperating revenues(expenses):
Investment income 960 35,933 14,117 14,527 65,537
Insurance reimbursement - - - 700 - 700
Interest expense - (227,042) (16,000) (12,013) (255,055)
Other - - - 16,502 16,502
Gain(loss)on disposal of capital assets - 1,260 8,420 9,680
Total nonoperating revenues(expenses) 960 (189,849) 6,537 19,716 (162,636)
Income(loss)before transfers 351,574 163,118 (81,643) (16,689) 416,360
Transfers:
Transfers out (350,000) - - _
(350,000)
Change to net position 1,574 163,118 (81,643) (16,689) 66,360
Net position-January 1 948,856 8,931,449 6,524,999 5,325,264 21,730,568
Net position-December 31 $ 950,430 $ 9,094,567 $ 6,443,356 $ 5,308,575 $ 21,796,928
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31,2013
Liquor Water Sewer Storm Water Totals
Cash flows from operating activities:
Receipts from customers and users $ 4,705,523 $ 2,743,633 $ 4,455,049 $ 515,646 $ 12,419,851
Payment to suppliers (3,826,202) (951,249) (3,641,511) (106,698) (8,525,660)
Payment to employees (505,956) (825,188) (695,392) (240,400) (2,266,936)
Net cash flows from operating activities 373,365 967,196 118,146 168,548 1,627,255
Cash flows from noncapital financing activities:
Transfers out (350,000) - - (350,000)
Net cash flows from noncapital
financing activities (350,000) - - (350000)
Cash flows from capital and related
financing activities
Acquisition of capital assets (14,651) (646,707) (262,394) (130,910) (1,054,662)
Intergovernmental - - - 16,502 16,502
Insurance reimbursement - - - 700 700
Principal paid on revenue bonds - (554,744) - - (554,744)
Interest and paying agent fees on revenue bonds - (234,557) (16,000) (12,013) (262,570)
Proceeds from sale of capital assets - 1,260 8,420 9,680
Net cash flows from capital and related
financing activities (14,651) (1,434,748) (269,974) (125,721) (1,845,094)
Cash flows from investing activities:
Investment income 960 35,933 14,117 14,527 65,537
Net increase(decrease)in cash'and
cash equivalents 9,674 (431,619) (137,711) 57,354 (502,302)
Cash and cash equivalents-January 1 491,909 4,032,098 1,510,262 1,273,330 7,307,599
Cash and cash equivalents-December 31 $ 501,583 $ 3,600,479 $ 1,372,551 $ 1,330,684 $ 6,805,297
Current cash and cash equivalents
Current assets $ 501,583 $ 2,647,683 $ 1,170,698 $ 1,330,684 $ 5,650,648
Restricted assets - 952,796 201,853 - 1,154,649
Total cash and cash equivalents-December 31 $ 501,583 $ 3,600,479 $ 1,372,551 $ 1,330,684 $ 6,805,297
(Published in the Fridley Sun Focus on July 11,2014.) 245490
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