06/08/2018 Summary Financial Report AFFIDAVIT OF PUBLIGATION
STATE OF MINNESOTA )ss
COUNTY OF ANOKA
Darlene MacPherson being duly sworn on an
oath, states or affirms that he/she is the
Publisher's Designated Agent of the newspa-
per(s)known as:
SF Columbia Heights/Fridley
with the known office of issue being located
in the county of.
ANOKA
with additional circulation in the counties of:
ANOKA
and has full knowledge of the facts stated
below:
(A)The newspaper has complied with all of
the requirements constituting qualifica-
tion as a qualified newspaper as provided
by Minn.Stat.§331A.02.
(B)This Public Notice was printed and pub-
lished in said newspaper(s) once each
week, for 1 successive week(s); the first
insertion being on 06/08/2018 and the last
insertion being on 06/08/2018.
MORTGAGE FORECLOSURE NOTICES
Pursuant to Minnesota Stat. §580.033
relating to the publication of mortgage
foreclosure notices: The newspaper complies
with the conditions described in §580.033,
subd. 1, clause (1) or(2). If the newspaper's
known office of issue is located in a county
adjoining the county where the mortgaged
premises or some part of the mortgaged
premises described in the notice are located,
a substantial portion of the newspaper's
circulation is in the latter county.
By: \/ . l Cy[ P/
Designated Agent
Subscribed and sworn to or affirmed before
me on 06/08/2018 by Darlene MacPherson.
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Notary Public
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ARLENE M.MITCHELLNotary Publ►c•M�9 aMy CommissExP* 2020
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Rate Information:
(1)Lowest classified rate paid by commercial users
for comparable space:
$25.40 per column inch
Ad ID 822712
CITY OF FRIDLEY;MINNESOTA
SUMMARY FINANCIAL REPORT
The purpose of this report is to provide a summary of financial information concerning the City of Fridley,Minnesota to interested citizens. The
complete financial statements may be examined at the City Hall,6431 University Ave NE. It can also be found on our website at www.FridleyMN.gov.
Questions about this report should be directed to the Finance Director at(763)572-3520.
REVENUE AND EXPENDITURES FOR GENERAL OPERATIONS
(GOVERNMENTAL FUNDS)
FOR THE YEAR ENDING DECEMBER 31,2017 and 2016
Percent
Increase
Revenues: 2017 2016 (Decrease)
Taxes $13,878,204 $12,244,211 13.35%
Special assessments 621,621 865,722 -28.20%
Licenses and permits 1,272,753 1,442,895 -11.79%
Intergovernmental revenue 4,227,709 7,330,338 -42.33%
Charges for services 2,560,831 2,592,665 -1.23%
Fines and forfeits 267,989 212,635 26.03%
Investment income 413,165 254,379 62.42%
Miscellaneous 766,059 887.678 -13.70%
Total revenues $24.008.331 $25.830.523 -7.05%
Per capita 836 886 -5.67%
Expenditures:
Current:
General government $3,953,025 $3,924,877 0.72%
Public safety 8,001,032 7,537,051 6.16%
Public works 3,468,102 2,824,319 22.79%
Community development 934,074 942,768 -0.92°x6
Parks and recreation 1,417,611 1,341,444 5.68°x6
Debt service 3,376,988 1,345,121 151.05%
Capital outlay 22.577,062 8.618.369 161.96%
Total Expenditures _$43,727.894 $26.533.949 64.80%
Per capita 1,523 911 67.25°x6
Total general obligation long-term indebtedness $50,510,000 $3,110,000 1524.12%
Per capita 1,759 107 1548.27%
Governmental funds unassigned fund balance as of December 31 $9,513,390 $9,056,654 5.04%
Per capita 331 311 6.61%
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
DECEMBER 31,2017
Assets: Liquor Water Sewer Storm Water Totals
Current assets:
Cash and cash equivalents $365,673 $2,949,031 $2,286,944 $2,256,137 $7,857,785
Restricted cash and cash equivalents - 1,264,060 - - 1,264,060
Accounts receivable 1,359,365 1,597,286 375,291 3,331,942
Special assessments receivable - 5,557 - 16,914 22,471
Due from other governments - - 4,477 372,643 377,120
Prepaid Items - 352,859 - 352,859
Inventories,at cost 762.247 242,192 - - 1.004.439
Total current assets 1,127,920 5 820 205 4,241,566 3 020 985 14,210,676
Noncurrent assets:
Capital assets:
Land 151,946 154,531 - - 306,477
Buildings and structures 1,019,158 4,137,528 138,373 - 5,295,059
Machinery and equipment 245,955 2,850,889 1,171,267 378,921 4,647,032
Infrastructure - 20,885,795 9,690,905 10,518,540 41,095,240
Construction in progress - 19.763 - 895,168 914.931
Total capital assets 1,417,059 28,048,506 11,000,545 11,792,629 52,258,739
Less: Allowance for depreciation (904,142) (16,313.135) (7,747.071) (6.460,065) (31.424.413)
Net capital assets 512,917 11,735,371 3,253,474 5,332,564 20,834,326
Total noncurrent assets 512,917 11,735,371 3,253,474 5 332 564 20,834,326
Total assets 1,640,837 17 555 576 7,495,040 8 353 549 35,045,002
Liabilities:
Current liabilities:
Accounts payable 438,645 95,746 25,051 75,362 634,804
Accrued interest payable - 72,292 4,646 3,453 80,391
Contracts payable - 7,575 - 2,316 9,891
Due to other governments 55,661 237,726 497,019 11,500 801,906
Salaries payable 10,273 14,308 6,336 8,846 39,763
Bonds payable-current - 855,000 35,000 25,000 915,000
Unearned Revenue 13.146 - 17.915 31,061
Total current liabilities 517.725 1.282.647 568.052 144.392 2.512.816
Noncurrent liabilities:
Other post employment benefits 23,055 35,912 25,003 3,596 87,566
Bonds payable-noncurrent 6.735.461 315.000 235.000 7.285.461
Total noncurrent liabilities 23,055 6,771,373 340 003 238,596 7,373,027
Total liabilities 540.780 8.054,020 908.055 382.988 9.885.843
Net position:
Net invested in capital assets 512,917 5,408,970 2,903,474 5,072,564 13,897,925
Unrestricted 587,140 4,092,586 3 683 511 2,897,997 11 261 234
Total net position $1.100,057 $9.501.556 $6,586.985 $7.970.561 $25.159.159
CONTINUED...
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