06/14/2019 Notice of Financial Statement AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA )ss
COUNTY OF HENNEPIN
Elise Strecker being duly sworn on an oath,
states or affirms that he/she is the Publisher's
Designated Agent of the newspaper(s)known
as:
SF Col Hgts Frid MoundsView NB
with the known office of issue being located
in the county of:
HENNEPIN
with additional circulation in the counties of:
RAMSEY
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 06/14/2019 and the last
insertion being on 06/14/2019.
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
circulatio4 is in the latter county.
B
Designated Agent
Subscribed and sworn to or affirmed before
me on 06/14/2019 by Elise Strecker.
172
Notary Public
MARLENE M.MITCHELL
Notary Public-MW61"ta
lees Jan 31,2020
MY Commlaslon Exp
`nnn
Rate Information:
(1)Lowest classified rate paid by commercial users
for comparable space:
$25.40 per column inch
Ad ID 947033
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)5723520.
REVENUE AND E)(PENDITURES FOR GENERAL OPERATIONS
(GOVERNMENTAL FUNDS)
FOR THE YEAR ENDING DECEMBER 31,2018 and 2017
Percent
Increase
Revenues: 2018 2017 (Decrease)
Taxes $14,857,454 $1.3,878,204 7.06%
Special assessments 501,045 621,621 -19,40%
Licenses and permits 1,538,758- 1,272,753 20.90%
Intergovernmental revenue 3,035,064 4,227,709 -28.21%
Charges for services 2,863,220 2,560,831 11.81%
Fines and forfeits 263,632 267,989 -1.63%
Investment income 651,609 413,165 57.71%
Miscellaneous 374.415 766,059 -51.12%
Total revenues $24.085217 $24.008.331 0.32%
Per capita 865 836 3.42%
Expenditures:
Current:
General government $3,659,534 $3,953,025 -7.42%
Public safety 8,317,478 8,001,032 3.96%
Public works 3,316,912 3,468,102 -4.36%
Community development 909,481 934,074 -2.63%
Parks and recreation 1,557,052 1,417,611 9.84%
Debt service 3,154,643 3,376,988 -6.58%
Capital outlay .. .31,660.699 22.577.062 40.23%
Total Expenditures $52.575.799 $43.727,894 2023%
Per capita 1,888 1,523 23.96%
Total general obligation long-term indebtedness $50,583,389 $50,510,000 0.15%
Per capita 1,816 1,759 3.24%
Governmental funds unassigned fund balance as of December 31 $11,045,978 $9,513,390 16.11%
Per capita 397 331 19.70%
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
DECEMBER 31,2018
Assets: Liauor Water Sewer Storm Water Totals
Current assets:
Cash and cash equivalents $561,680 $3,775,976 $2,560,614 $2,383,091 $9,281,361
Restricted cash and cash equivalents - 149,566 - - 149,566
Accounts receivable 247 1,508,790 1,772,264 395,789 3,677,090
Special assessments receivable - 5,002 - 13,874 18,876
Due from other governments - - 4,202 - 4,202
Prepaid Items - - 385,451 - 385,451
Inventories,at cost 765.067 231.598 996.665
Total current assets 1,326.994 5.670.932 4.722.531 2.792.754 14.513.211
Noncurrent assets:
Capital assets:
Land 151,946 147,485 - 235,800 535,231
Buildings and structures 1,019,158 4,089,074 123,384 - 5,231,616
Machinery and equipment 238,422 2,881,104 1,285,239 378,921 4,783,686
Infrastructure - 21,537,218 9,690,905 11,398,290 42,626,413
Construction in progress 288,109 151.952 1.238.876 1.678.937
Total capital assets 1,409,526 28,942,990 11,251,480 13,251,887 54,855,883
Less:Allowance for depreciation (978.6331 (17,028.572) (7.913,6691 (6.741.713) (32.662,587)
Net capital assets 430,893 11,914,418 3,337,811 6,510,174 22,193,296
Total noncurrent assets 430.893 11.914.418 3,337.811 6.510.174 22.193.296
Total assets 1.757.887 17,585.350 8.060.342 9.302,928 36.706.507
Liabilities:
Current liabilities:
Accounts payable 398,173 96,484 6,373 68,033 569,063
Accrued interest payable - 62,833 4,208 3,141 70,162
Contracts payable - 7,574 7,598 89,190 104,362 -
Duetoothergovernments 59,165 231,411 340,760 - 631,336
Salaries payable 16,124 17,340 7,930 11,322 52,716
Bonds payable-current - 885,000 35,000 25,000 945,000
Unearned Revenue 22.930 8.957 31,887
Total current liabilities 496.392 1.300.642 401.869 205.643 2.404.546
Noncurrent liabilities:
Other post employment benefits 12,860 19,993 13,626 2,814 49,293
Bonds payable-noncurrent - 5.838.987 280.000 210.000 6.328.987
Total noncurrent liabilities 12.860 5.858.980 293.626 212.814 6,378.280
Total liabilities 509,252 7.159,622 695,495 418.457 8.782,826
Net position:
Net invested in capital assets 430,893 5,340,001 3,022,811 6,275,171 15,068,876
Unrestricted 818.752 5.087.255 4.342.764 2,610.382 12.859,153
Total net position $1,249.645 $10,427.256 $7.365.575 $8.885.553 $27.928.029
CONTINUED...
AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA )ss
COUNTY OF HENNEPIN
Elise Strecker being duly sworn on an oath,
states or affirms that he/she is the Publisher's
Designated Agent of the newspaper(s)known
as:
SF Col Hgts Frid MoundsView NB
with the known office of issue being located
in the county of.
HENNEPIN
with additional circulation in the counties of-
RAMSEY
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 06/14/2019 and the last
insertion being on 06/14/2019.
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 substa ial portion of the newspaper's
circu ion's in the latter county.
By:
Designated Agent
Subscribed and sworn to or affirmed before
me on 06/14/2019 by Elise Strecker.
Notary Public
a�snear..r{ MARLENE M.MITCHELL
dy. .2
.. ...... Ml
�My Commission Expires Jan 31,2020
Rate Information:
(1)Lowest classified rate paid by commercial users
for comparable space:
$25.40 per column inch
Ad ID 947317
(...CONTINUED)CITY OF FRIDLEY,MINNESOTA
SUMMARY FINANCIAL REPORT
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF REVENUES,EXPENSES AND CHANGES IN NET ASSETS
PROPRIETARY FUNDS
DECEMBER 31,2018
-Liquor Water Sewer Storrs Water Totals
Sales $6,029,627 $- $- $- $6,029,627
Cost of sales (4.458.5981 (4.458.598)
Gross profit 1.571,029 1,571.029
Operating revenues:
Customer billings - 3,907,720 6,095,556 1,433,935 11,437,211
Charges for services - 80 - - 80
Other revenues 4.927 - 4.927
Total operating revenues - 3,912,727 6,095.556 1.433.935 11,442.218
Total gross profit and operating revenues 1.571,029 3,912,727 6.095.556 1,433.935 13.013.247
Operating expenses:
Personal services 545,501 694,008 342,220 471,596 2,053,325
Supplies and other charges:
Disposal charges - - 4,251,014 - 4,251,014
Other 457,748 1,367,128 445,849 310,603 2,581,328
Depreciation 82,024 844.882 298.263 281,647 1.506.816
Total operating expenses 1,085,273 2,906!018 5.337.346 1.063.846 10,392.483
Operating income(Ioss) 485.756 1,006,709 758.210 970,089 2,620.764
Nonoperating revenues(expenses):
Intergovernmental revenue - - - 272,957 272,957
Interest and dividends 2,811 76,319 37,006 50,844 166,980
Net change in the fair value of investments (725) (9,064) (6,438) (8,037) (24,264)
Interest expense - (141,218) (10,188) (7,600) (159,006)
Other 246 - - 939 1,185
Gain(Ioss)on disposal of capital assets - (7,046} - - (7.046)
Total nonaperating revenues(expenses) 2,332 (81.009) 20,380 309.103 250.806
Income(loss)before transfers 488,088 925,700 778,590 679,192 2,871,570
Transfers and Capital Contributions:
Transfers out (338,500) - - - (338,500)
Capital contributions-intergovernmental - 235,800 235,800
Total transfer;and contributions (338,500) 235,800 (102,700)
Change to net position 149,588 925,700 778,590 914,992 2,768,870
Net position-January 1 1.1C0.057 9,501,556 6.586.985 7,970.561 25,159 159
Net position-December 31 1 49 645 X10 427.256 $7.365.575 $8.885. 53 $27.928.029
CITY OF FRIDLEY,MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
DECEMBER 31,2018
Liquor Water Sewer Storm Water Totals
Cash flows from operating activities:
Receipts from customers and users $6,039,164 $3,763,857 $5,920,853 $1,780,162 $17,504,036
Payment to suppliers (4,956,134) (1,362,112) (4,896,794) (242,558) (11,457,598)
Payment to employees (550,855) (708,423) (352,731) (470,984) (2,082,993)
Operating contributions 246 - 246
Net cash flows from operating activities 532.421 1,693,322 671.328 1.066.620 3,963.691
Cash flows from noncapital financing activities:
Operating grants - - - 8,957 8,957
Transfers out (338.5001 - (338.500)
Net cash flows from noncapital financing activities (338.500) 8.957 (329.543)
Cash flows from capital and related financing activities
Acquisition of capital assets (1,030,975) (382,600) (1,223,457) (2,637,032)
Capital grants and contributions 264,000 264,000
Principal received on special assessments - - 939 939
Principal paid on revenue bonds (855,000) (35,000) (25,000) (915,000)
Interest and paying agent fees on revenue bonds (162,151) (10,626) (7,912) (180,689)
Net cash flows from capital and related financing activities (2,048,126) (428.226) (991,430) (3.467,782)
Cash flows from investing activities:
Investment income 2.086 67,255 30,568 42.807 142.716
Net increase(decrease)in cash and cash equivalents 196,007 (287,549) 273,670 126,954 309,082
Cash and cash equivalents-January 1 365,673 4,213,091 2.286.944 2.256.137 9,121,845
Cash and cash equivalents-December 31 $561,680 $3,925,542 $2,560,614 $2.383.091 $9.430,927
Current cash and cash equivalents
Current assets $561,680 $3,775,976 $2,560,614 $2,363,091 $9,281,361
Restricted assets 149,566 - 149,566
Total cash and cash equivalents-December 31 $561,680 $3,925,542 $2,560,614 $2,383,091 $9,430,927
Published in the
Sun Focus
June 14,2018
947033&947317