HomeMy WebLinkAboutCAFR-1999 1
COMPREHENSIVE
ANNUAL
FINANCIAL REPORT
of the
CITY OF BROOKLYN CENTER, MINNESOTA
For The Year Ended Decem ber 31 1999
Michael J. McCaule Ci Mana er
Y� tY 9
Prepared by
THE DEPARTMENT OF FINANCE
Charles Hansen, Director
(Member of Government Finance OfFicers
Canada
Association of the United States and
1
City of Brooklyn Center, Minnesota
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1999
TABLE OF CONTENTS
Exhibit Page
Number Number
I. INTRODUCTORY SECTION
Title Page i
Table of Contents ii vii
City Officials 1
t Organization Chart 2
City Manager's Letter 3
Letter of Transmittal 4- 14
Certificate of Achievement 15
I1. FINANCIAL SECTION
Independent Auditors' Report 16
A. General Purpose Financial Statements
(Combined Statements Overview): 17
Combined Balance Sheet All Fund Types and
Account Groups 1 18 19
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances All Governmental
Fund Types 2 20
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances Budget And Actual
General and Special Revenue Funds 3 21
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary
Fund Types 4 22
Combined Statement of Cash Flows
Proprietary Fund Types 5 23
Notes to Financial Statements 24 49
ii
City of Brooklyn Center, Minnesota
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1999
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
B. Combining, Individual Fund and Account Group
Financial Statements and Schedules:
General Fund:
Comparative Balance Sheet A-1 51
Comparative Statement of Revenues,
Expenditures and Changes in Fund
Balance Budget and Actual A-2 52
Schedule of Revenues Other Financing
Sources Budget and Actual S-1 53 54
Schedule of Expenditures Other S-2 55 59
Financing Uses Budget and Actual
Special Revenue Funds:
Combining Balance Sheet B-1 61 62
Combining Statement of Revenues,
Expenditures and Changes in Fund
Balances B-2 63 64
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Housing and Redevelopment Authority Fund B-3 65
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Economic Development Authority Fund B-4 66
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
E. Brown Tax Increment Financing District Fund B-5 67
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Tax Increment District No. 3 Fund B-6 68
iii
t City of Brooklyn Center, Minnesota
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1999
TABLE OF CONTENTS
Statement/
Schedule Page
�Jumber Number
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Tax Increment District No. 4 Fund B-7 69
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Police Drug Forfeiture Fund B-8 70
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Community Development Block Grant Fund B-9 71
Statement of Revenues, Expenditures and
Changes in Fund Baiance Budget and Actual
City Initiatives Grant Fund B-10 72
Debt Service Funds:
Combining Balance Sheet C-1 74
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances C-2 75
Capital Projects Funds:
Combining Balance Sheet D-1 77
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances D-2 78
Project-Length Schedule of Construction
Projects Capital Improvements Fund S-3 79
Project-Length Schedule of Construction Projects
Municipal State Aid for Construction Fund S-4 80
Project-Length Schedule of Construction Projects
Special Assessment Construction Fund S-5 81
Enterprise Funds:
Combining Balance Sheet E-1 83 84
iv
City of Brooklyn Center, Minnesota
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1999
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings E-2 85 86
Combining Statement of Cash Flows E-3 87 88
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Municipal
Liquor Fund E-4 89
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Golf
Course Fund E-5 90
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Earle
Brown Heritage Center Fund E-6 91
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Recycling
and Refuse Fund E-7 92
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Water
Utility Fund E-8 93
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Sanitary
Sewer Fund E-9 94
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Storm
Drainage Fund E-10 95
Internal Service Funds:
Combining Balance Sheet F-1 97
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings F-2 98
v
1
City of Brookiyn Center, Minnesota
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1999
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Combining Statement of Cash Flows F-3 99
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
by Source S-6 101
Schedule of General Fixed Assets
By Function and Activity S-7 102
Schedule of Changes in General Fixed Assets
t By Function and Activity S-8 103
General Long-Term Debt Account Group:
Comparative Statement of General
Long-Term Debt G 105
Summary af Debt Service Requirements
to Maturity H 106
III. STATISTICAL SECTION Table Page
Number Number
General Governmental Expenditures by Function 1 108
General Governmental Revenues and Other
Financing Sources by Source 2 109
Tax Levies and Tax Collections 3 110
Assessed Value and Estimated Market Value of All
Taxable Property 4 111
Direct and Overlapping Tax Rates and Tax Levies 5 112
Special Assessment Billings and Collections 6 113
Rati
0 of Net Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita 7 114
vi
1
t
City of Brooklyn Center, Minnesota
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1999
TABLE OF CONTENTS
Table Page
Number Number
Computation of Legal Debt Margin 8 115
Computation of Direct and Overlapping Debt 9 116
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Fund
Expenditures 10 117
Schedule of Revenue Bond Coverage 11 118
Property Value, Construction and Bank Deposits 12 119
Principal Taxpayers 13 120
Schedule of Insurance Coverage 14 121 122 t
Demographic Statistics 15 123
Miscellaneous Statistical Facts 16 124 125
vii
City of Brooklyn Center
CITY OFFICIALS
For the Year Ended December 31, 1999
ELECTED OFFICIALS
Term of Office Term Exnires
Mayor Myrna Kragness Four Years 12/31/2002
Councilmember Debra Hilstrom Four Years 12/31/2002
Councilmember Ed Nelson Four Years 12/31/2002
Councilmember Kay Lasman Four Years 12/31/2000
Councilmember Robert Peppe Four Years 12/31/2000
APPOINTED OFFICIALS
City Manager Michael J. McCaule
Y
Asst. City Manager/H.R. Director Jane Chambers
City Clerk Sharon Knutson
City Treasurer Charles Hansen
City Attorney Kennedy Graven
City Prosecutor Carson Clelland
Department Heads:
Community Activities, Recreation Services James Glasoe
Community Development Brad Hoffman
Financial Services Charles Hansen
Fire/Emergency Preparedness Ronald Boman
Police Joel Downer
Public Works Diane Spector
Assessing Stephen Baker
City Engineer Scott Brink
Civil Defense Coordinator Ronald Boman
Fire Marshall Ronald Boman
Health Officer Duane Orn, M.D.
Liquor Stores Gerald Olson
Public Works Superintendent Dave Peterson
1
1
City of Brooklyn Center D�ganizafion
2000
ELECTORATE
Ciry Couneil Advisory
Commissions
N
ADMINISTRATION
-Purchasing
-Human Resources
-Communications
CilyAttomey CityManager �gmthifo.Systams
-Liquor Storea
-Eledions
-Licenses
-City Cletk
I
PUBLIC WORKS FIRE DEPARTMENT POLICE DEPARTMENT COMMUNII'YACTNITIES,
RECREATION, AND SERVICES COMMUNITY
-Engineering -Ftre PreveMan -Patrol FINANCIAL SERVICES
DEVELOPMENT
-SVeet Maint -Fire Suppression -Irnesti ation -AccouMin C�mun'dy Programs
-Sanita Sewer -Emer anc Pr aredness 9 g -Reaeal{on Programs -Assessin
9 Y eP -Crime Prevention -Audd g
ry -Community Center -Inspedions
-CenVal Garage -Communiry Programs -Utility Billing -Gov't Bidgs -EDA/HRA
-Storm Sewer -Support Services -Risk ManagemeM -Golf Course -Zoning
Water Dept -Oispatch ;-Senior Transportation i-Heritage Center
-Park Maint
1 -Planning
I
City of Brooklyn Center
A great place to start. A great place to stay.
May 17, 2000
t
HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
CITY OF BROOKLYN CENTER
I hereby transmit the Comprehensive Annual Financial Report of the City of Brooklyn
Center for the fiscal year ended December 31, 1999. Minnesota Statu#es and City Charter,
Section 7.12, require that the financial statements of the City of Brooklyn Center be audited
by the State Auditor or a certified public accountant selected by the City Council. This
requirement has been complied with by the engagement of the firm of Deloitte and Touche
LLP and their report is included in the financial section of this report.
1 This report has been prepared foNowing the guidelines recommended by the Government
Finance Officers Association of the United States and Canada. The Government Finance
Officers Association awards Certificates of Achievement for Excellence in Financial
Reporting to those governments whose Comprehensive Annual Financial Reports are
judged to conform substantially with high standards of public financial reporting, including
generally accepted accounting principles promulgated by the Governmental Accounting
Standards Board. Our financial reports for the past fourteen years have received this
award. It is my belief that the accompanying report meets program standards, and it will
be submitted to the Government Finance Officers Association for review.
Respectfully sub itted,
1
y
Michael J. Mc le
Y
City Manager
1
6301 Shingle Creek Pkwy, Brooklyn Center, MN 55430-2199 Cit Hall TDD Number (612) 569-3300
y
Recreation and Community Center Phone TDD Number (612) 569-3400 FAX (612) 569-3494
An �rmative Action /Eq 3 l Opportunities Employer
City of Brooklyn Center
t A gre¢t pldce to start. A great place to stay.
May 17, 2000
t Mr. Michael J. McCauley
City Manager
City of Brooklyn Center
Dear Mr. McCauley:
The comprehensive annual financial report of the City of Brooklyn Center (the City) for the
fiscal year ended December 31, 1999, is hereby submitted. Responsibility for both the
accuracy of the data, and the completeness and fairness of the presentation, including all
disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data
are accurate in all material respects and are reported in a manner designed to present
fairly the financial position, results of operations, and cash flows of the various funds and
account groups of the City. All disclosures necessary to enable the reader to gain an
understanding of the government's financial activities have been included.
The comprehensive annual financial report is presented in three sections: introductory,
financial, and statistical. Included in the introductory section is this transmittal letter, the
government's organizational chart and a list of principal officials. The financial section
includes the general purpose financial statements and the combining and individual fund
and account group financial statements and schedules, as well as the independent
auditors' report on the financial statements and schedules. The statistical section includes
selected financial and demographic information, generafly presented on a multi year basis.
The City is required to comply with the provisions of the Single Audit Act Amendments of
1996 and the U.S. Office of Management and Budget Circular A-133, "Audits of States,
Local Governments, and Non-Profit Organizations." This requires a"single audit" when
expenditures of federal grants exceed $300,000 in one year. Expenditures of federal
grants were less than $300,000 during the year ended December 31, 1999, so no single
audit was required.
REPORTING ENTITY
The financial reporting entity includes all funds and account groups of the primary
government (i.e., the City of Brooklyn Center as legally defined), as well as all of its
component units. Component units are legally separate entities for which the primary
government is financially accountable.
6301 Shingle Creek Pkwy, Brooklyn Center, MN 55430-2199 Cit Hall TDD Number (612 569-3300
y
Recreation and Community Center Phone TDD Number (612) 569-3400 FAX (612) 569-3494
An Affirmative Action/Equ�zl Opportunities Employer
4
Blended component units, although legally separate entities, are, in substance, part of the
primary government's operations and are included as part of the primary government.
Accordingly, the Economic Development Authority and the Housing and Redevelopment
Authority are reported as special revenue funds of the City of Brooklyn Center.
The City provides a full range of municipal services including public safety (police and fire),
streets, sanitation, social services, culture-recreation, public improvements, planning and
zoning, and general administrative services. The City operates three off-sale liquor stores
with plans to consolidate into two stores in 2000, a public water and sewer utility, a golf
course, and a convention center known as the Earle Brown Heritage Center.
ECONOMIC CONDITION AND OUTLOOK
The City of Brooklyn Center is a northern suburb of the Minneapolis/St. Paul metropolitan
area, lying adjacent to the City of Minneapolis. The City is wholly within Hennepin County
and encompasses an area of approximately 8.5 square miles. The Mississippi River forms
the City's eastern boundary.
The City experienced its most rapid growth from 1950 to 1970 when the City's population
grew from 4,300 to its peak of 35,173. The 1990 Census count for the City is 28,887, a
7.5% decline from the 1980 Census. The 1998 population, as estimated by the
Metropolitan Council, is 28,535. In contrast to the decline in population (which is due
almost entirely to fewer persons per household), the number of housing units has generally
continued to increase from 10,493 in 1970 to 11,035 in 1980 and 11,704 in 1990. The
numbers dropped slightly in 1998 to 11,295 housing units. This was due to the removal
of some units by the City in accordance with a preplanned redevelopment effort.
The estimated market value of properly within the City increased 7.42% in 1998 over 1997
and it increased 7.29°/a in 1999 over 1998. The City Assessor reports that residential
values are continuing to show increases in early 200Q although commercial/industrial
values are less robust.
Major transportation routes in and through the City, including Interstates 94 and 694, and
State Highways 100 and 252, have provided a continued impetus for development ofi a
strong commercial tax base in the City.
Commercial and industrial property comprises 52.4% of the City's taxable net tax capacity.
There are four major shopping centers located in the City. The largest commercial
property in the City is Brookdale Mall, a 1,000,000 square-foot regional shopping center
anchored by Daytons, Sears, J.C. Penney's, and Mervyn's of California. The other three
retail shopping centers in the City include Brookdale Square, a 125,000 square-foot strip
center plus an 8-screen theater; Shingle Creek Center, a 157,000 square-foot building
anchored by Target; and Brookview Plaza, a 70,000 square-foot center anchored by Best
Buy. Other free-standing retail establishments include K-Mart, Kohl's Department Store,
Toys' R Us, and a Rainbow supermarket. Westbrook Mall, which was the fifth shopping
5
center, was torn down in 1999 to make way for a Cub supermarket and various other retail
shops.
New construction in 1999 includes the Regal Cinema Theater for $8,782,377; Wickes
Furniture warehouse for $5,046,300; Cub Foods supermarket for $3,000,000; an addition
to the Target Store for $1,100,000 and Applebee's Restaurant for $625,000. Other
commercial remodeling projects included Brookdale Chrysler Plymouth for $550,000 and
Northern States Power for $275,400.
The convergence of highways in Brooklyn Center makes it an attractive site for hotels and
motels. Establishments now operating in the City include Americlnn, Baymont Inn, Comfort
Inn, Country Inn Suites, Extended Stay America, Hilton Hotel, Holiday Inn, fnn on the
Farm, and Super 8 Motel. In addition, a Motel 6 is in the planning stage.
MAJOR EVENTS OF 1999
Brooklyn Center is a mature, developed suburb which is working to revitalize itself. With
its affordable housing, excellent schools, beautiful parks, and convenient access, it has the
potential to continue to be a vibrant community for many years to come. The revitalization
of Brooklyn Center is proceeding on three tracks: replacement and renewal of the
commercial areas of the City; replacement and enhancement of its aged infrastructure, that
is the streets, utilities, and parks; and the reinvigoration of neighborhoods.
The City continued its redevelopment effort in the Brooklyn Boulevard and 69th Avenue
area with the purchase of additional property for future commercial development and
roadway improvements.
As part of the planned replacement of the City's infrastructure, the City is in the process
of completing several major street and utility improvements. These improvements were
funded by general obligation special assessment bonds sold during 1999, an operating
transfer from the general fund, and funds from the capital projects funds and utility
enterprise funds. About one twenty-fifth of the City's streets are reconstructed each year.
It is expected that this will be a perpetual process, since at the end of twenty five years, it
will be necessary to start over again with the streets that were done first. A side benefit of
the street improvements has been a noticeable effort by the residents in those
neighborhoods to paint, landscape, and otherwise improve their houses.
In November 1997, voters approved the issuance of $7,900,000 of general obligation
bonds to be used toward the construction and remodeling of City police and fire facilities.
Construction of these facilities began in 1998 and continued through 1999. Due to the
tight construction market and difficulties with construction, the projects won't be completed
until 2000. Any cost implications of the construction difficulties are not expected to
materially affect the City's financial position. The project is accounted for in the Capital
Improvements Fund.
g
During 1999, the City continued phase finro of the 53rd Avenue Development and Linkage
Project. The Project will create a new image and focus for the southeast neighborhood by
creating new homes, green space, and a link to the Mississippi River. Phase one of the
project required the removal of 28 housing units along 53rd Avenue which will create
opportunities for a green way and a new low-traffic roadway. Phase two of the project
includes new owner occupied housing developed on the land not needed for the green
way. Houses valued from $150,000 to $209,000 have been built and were sold out quickly.
Most buyers came from within a one mile radius of the project. This indicates the desire
and capacity for move up housing within the community. The project is accounted for in
the Economic Development Authority Fund.
In 1997, Equitable Real Estate sold Brookdale Mall to Talisman Brookdale, LLC. Talisman
Brookdale, LLC announced a large scale remodeling and expansion plan for Brookdafe
Mall for 1999 and 2000. The work has subsequently been deferred until 2000 and 2001.
In support of the Brookdale Mall expansion, the City received a$2,000,000 grant from the
State of Minnesota during the 1997 legislative session to assist with Shingle Creek
Regional Pond project costs. The Shingle Creek Regional Pond is a system of storm
sewer and detention ponds which will provide storm water treatment for 670 acres of
residential and commercial land in Brooklyn Center and Minneapolis. This drainage area
includes the Brookdale Mall and surrounding commercial area. The project was completed
in 1999 and is accounted for in the Storm Drainage Fund.
During the 1998 legislative session, the City was awarded a$2,500,000 grant from the
State of Minnesota for the expansion of the Earle Brown Heritage Center. The grant
provided funding for a new parking lot and additional meeting space for the convention
center. Construction was substantially completed in 1999. The project is accounted for
in the Capital Improvements Fund.
FINANCIAL INFORMATION
Management of the City is responsible for establishing and maintaining internal controls
designed to ensure that the assets of the City are protected from loss, theft or misuse and
to ensure that adequate accounting data are compiled to allow for the preparation of
financial statements in conformity with generally accepted accounting principles. Internal
controls are designed to provide reasonable, but not absolute, assurance that these
objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of
a control should not exceed the benefits likely to be derived; and (2) the valuation of costs
and benefits requires estimates and judgments by management.
In addition, the City maintains budgetary controls. The objective of these budgetary
controls is to ensure compliance with legal provisions embodied in the annual budget
appropriation approved by the City's governing body. Activities of the General Fund and
special revenue funds are included in the annual appropriated budget. Project-length t
financial plans are adopted for the Capital Projects Funds. The level of budgetary control
(that is, the level at which expenditures cannot legally exceed the appropriated amount)
7
is established by department for the General Fund and at the aggregate fund level for all
other governmental funds that adopt annual budgets. Appropriations lapse at year-end
and generally are not reappropriated in the following year's budget.
As demonstrated by the statements and schedules included in the financial section of this
report, the City continues to meet its responsibility for sound financial management.
GENERALFUND
The following schedule presents a summary of general fund budgeted revenues for 2000,
and actual revenues for the fiscal year ended December 31, 1999, compared to 1998.
General Fund Revenues and Other Financina Sources
1999 Increase
2000 1999 1998 (Decrease)
Budqet Actual Actual from 1998
Taxes $8,134,653 $8,333,440 $7,980,066 $353,374
Reserve for tax abatements (113,949) (30,322) (83,627)
Licenses permits 512,050 763,960 549,067 214,893
Intergovernmental revenue 4,067,577 3,911,480 3,875,392 36,088
Charges for services 779,750 739,054 771,614 (32,560)
Court fines 200,000 205,460 193,688 11,772
Miscellaneous revenues 336,000 194,353 425,319 (230,966)
Total $14,030,030 $14,033,798 $13,764,824 $268,974
Revenues and other financing sources for the General Fund totaled $14,033,798 in 1999,
an increase of $268,974 from the previous year. From the table above, it is apparent that
the major sources of revenue available for funding of general governmental functions are
taxes and intergovernmental revenue, which, when combined, provide 86% of the total
revenues. The principal sources of intergovernmental aid to the City are homestead and
agricultural credit aid of $1,307,465 and locai gavernment aid of $2,069,744. Taxes
increased $353,374 primarify due to the 1999 property tax levy increase and higher lodging
tax collections.
In response to potential property tax abatements, the City has established a tax abatement
reserve in the General Fund. Since the early 1990's, City management has estimated the
potential future abatements on large commercial properties. The City increased the
reserve in the General Fund by $113,949 and $30,322 in 1999 and 1998, respectively.
g
The balance in the reserve in the General Fund was $250,233 and $136,284 on December
31, 1999 and 1998, respectively. City management estimates that potential tax
abatements not covered by the reserve would not materially affect the finances of the City.
The following schedule presents a summary of general fund budgeted expenditures for
2000, and actual expenditures for the fiscal year ended December 31, 1999, compared to
1998.
General Fund Exoenditures and Other Financina Uses
1999 lncrease
2000 1999 1998 (Decrease)
Budget Actual Actual from 1998
General Government $2,222,724 $2,257,957 $2,133,829 $124,128
Public Safety 5,231,133 5,336,622 5,137,108 199,514
Public Works 2,651,138 1,904,205 1,955,108 (50,903)
Community Service 95,030 83,295 73,066 10,229
Parks and Recreation 2,314,041 2,132,511 2,075,18Q 57,331
Economic Development 308,750 383,927 313,792 70,135
Non departmental 478,843 343,925 312,625 31,300
Admin. Services Reimb. (749,233) (670,390) (731,737) 61,347
Other Financing Uses 1,477,604 1,591,039 1,427,001 164,038
Total $14,030,030 $13,363,091 $12,695,972 $667,119
Total expenditures and otherfinancing uses in 1999 increased by a total of $667,119 over
1998, a 5.25% increase. Contributing to the increase was a$120,000 infusion into the
Employee Retirement Fund which accounts far post-retirement health care costs for City
employees. Additionally, legal services increased $79,632 over 1998 levels in 9999;
buildings expenses increased $50,369 as the new police building became operational;
convention bureau payments increased $70,135 in tandem with higher lodging revenues;
and police and fire personal services expenses increased $163,309 over 1998 levels, a
4.3% increase.
The General Fund also transferred $424,917 to the Special Assessment Construction Fund
for infrastructure replacement. This transfer allows the City to pay cash for street
improvements instead of borrowing through a bond issue for the property tax portion of the
projects. The City anticipates this transfer to continue in the future as part of the planned
replacement of the City's aged infrastructure.
The General Fund had an excess of revenues and other financing sources over
expenditures and other financing uses of $670,707 for 1999.
g
GENERAL FUND BALANCE
As of December 31, 1999, the fund balance of the General Fund totaled $7,308,707. This
ending fund balance is the equivalent of approximately six months of expenditures for the
2000 budget. Property taxes and intergovernmental revenue represent 82% of the
budgeted general fund revenue for 2000. The State of Minnesota has structured city
finances so most of these revenues are received in the second half of the fiscal year.
Minnesota cities typically receive as little as 10% of their totaf revenues in the first six
months of the year. In recognition of this fact, a portion of the fund balance is being
designated for working capital.
The Financial Management Policies adopted by the City Cauncil on June 8, 1992 establish
a formula for determining a minimum level of fund balance to be maintained in the General
Fund. Major elements of the formula include coverage of assets not readiiy convertible to
t cash and a provision for working capital equal to 45% of the next year's General Fund
budget. The Financial Management Policies go on to state that no more that 50% of any
year's surplus over the minimum level shall be committed to other uses in that year.
Calculation of this formula on the fund balance in the General Fund as of December 31,
'(998, revealed a surplus of $1,451,220 above the minimum r�quirements which is
avaifable for other uses. This allowed the transfer of up to $725,610 to other funds.
The City Council passed a resolution transferring $475,000 of surplus funds from the
General Fund to the Capital Improvements Fund for future government building and park
improvements and $225,000 to the Special Assessment Construction Fund forfuture street
improvements. These appear in the financia! statements as equity transfers since they
relate to the prior year's surplus.
EARLE BROWN FARM TAX INCREMENT DISTRICT
This tax increment financing (TIF) district had a deficit fund balance as of December 31,
1999. It is caused by a series of reductions in property tax class rates made by the State
of Minnesota which have eroded the revenue base of TIF districts throughout Minnesota.
Borrowing from other City funds is required in order for the district to meet its obligations.
If the current situation continues, the district will experience annual deficits. The TIF district
will make its last transfer to the Debt Service Funds in the year 2003. It has the authority
to continue to exist and collect tax increments through the year 2008. Two years of tax
collections beyond 2003 should be sufficient to repay all internal borrowing.
ENTERPRISE OPERATIONS
The City's enterprise operations are composed of seven separate and distinctive activities:
Liquor stores, Golf Course, Earle Brown Heritage Center, Recycling, Water utility, Sanitary
Sewer utility, and Storm Drainage utility.
10
The liquor operation is composed of three retail stores. Two stores are leased and one is
owned. {n 2000, a leased store and the currently owned store will be consolidated into a
new leased location, resulting in two remaining stores. The consolidation will negatively
impact earnings in 2000. It is hoped that the change will increase profitability in the long
term; the stores have been consistently profitable throughout their history.
Centerbrook Golf Course is a nine-hole, par three golf course owned and operated by the
City. Green fees have been increasing each year to keep pace with inflation. The
interfund loan is being repaid over a planned schedule covering twenty years.
The Earle Brown Heritage Center is a pioneer farmstead which has been historically
preserved and restored as a modern mu(tipurpose facility. Its convention center can host
conferences, trade shows, and concerts seating 1,000 people in either banquet or theater
style. A new caterer began providing food services in the spring of 1999. The lnn on the
Farm is a bed and breakfast with ten rooms available. A$2,500,000 grant from the State
of Minnesota is providing for additional parking and meeting space. The City's policy for
this enterprise is to set fees and user charges at a level which allows the operations to
break-even excluding depreciation on contributed assets. That standard was met in 1996
and 1997, but not in other years. It is hoped that the new space will improve results.
The dwindling supply of landfill space for the disposal of garbage has become a major
concern in Minnesota. State and county mandated goals for the diversion of garbage to
recycling programs took effect in 1989. In response, the City opened a Recycling and
Refuse Fund as an enterprise fund. So far it is operating a recycling program. Expansion
into garbage collection will take place when there is clear advantage to be achieved by it.
Goals for the recycling program are being met.
The Water and Sanitary Sewer utilities are largely developed and already reach all parts
of the City. Rates for both water and sanitary sewer are reviewed annually and are
increased as needed to cover inflation and the need for new capital outlays. Three-fourths
of the sewer operating expenses are fees paid to the Metropolitan Council Environmental
Services for sewage treatment. Planned rate increases should be sufficient to keep them
both profitable. Mains and customer service lines are being replaced as needed
concurrent with the City's 25-year program for reconstructing streets.
During the 1980's, the State of Minnesota passed legislation that requires cities to take
greater responsibility for controlling storm water runoff. In response to this, the City
created a Storm Drainage Utility Fund. lts fee structure is based upan the amount of water
discharged into the storm sewer system. Construction of storm sewer lines are being
made concurrent with the City's 25-year program for reconstructing streets.
INTERNAL SERVICE FUNDS
The Central Garage Fund was established to own and maintain all operating equipment
of the City valued over $10,000. At present, the fund maintains some 152 pieces of rolling
11 t
and non rolling stock equipment with a net book value of $3,026,809. Equipment
maintenance, repair, fuel, and replacement costs are provided from rental rates which the
Central Garage Fund charges City operating departments for the use of the equipment.
The Public Employees Retirement Fund was established to provide certain health care
benefits for qualifying City employees who retire before age 65. The fund had assets of
$1,393,362 and an estimated liability of $1,371,240 at the 1999 year-end. A transfer of
$120,000 was made from the General Fund in 1999 to offset the increased liability
resulting from rising health insurance premiums.
DEBT ADMINISTRATION
At December 31, 1999, the City had thirteen debt issues outstanding. These issues
include $10,915,000 of general obligation bonds, $5,920,000 of special assessment debt
with government commitment, $1,230,000 of general obligation revenue bonds and
$10,420,000 of general obligation tax increment bonds. The City maintained its A-1 rating
from Moody's Investors Service.
The City issued $1,585,000 of bonds supported solely by special assessments during
1999. The special assessment bond issue provided financing for various improvement
projects in the City.
CASH MANAGEMENT
The Finance Department keeps abreast of current trends and procedures for cash
management and forecasting so as to ensure efficient and profitable use of the City's cash
resources. Cash is invested only in investments authorized by Minnesota Statutes Chapter
118A. The yield on investments ranged from a high of 7.89 percent to a low of 4.34
percent.
Interest earned during 1999 amounted to $963,842 compared to $2,309,101 during 1998.
Changes in the fair value of investments reduced 1999 earnings by $839,126, whereas
they had increased the 1998 earnings by $198,243. The City has historically held all
investments to maturity. Therefore unless the City liquidates the investment(s) prior to
maturity, it is expected that the in fair market value is temporary and will be reversed in
future periods. Aside from the changes in the fair value of investments, 1999 interest
earnings were lower as a result of less money being available for investment. Proceeds
of prior year's bond sales were spent on projects during 1999.
The City adopted a written investment policy in 1990 and adopted an updated policy in
1997. The policy's objectives are to minimize credit and market risk, provide needed
liquidity, and maintain a competitive yield on the portfolio.
All deposits were either insured by federal depository insurance or collateralized.
Investment securities are held in a custody arrangement with a bank trust department. All
12
1
investments are listed in the lowest custodial credit risk category, Category 1. Cash and
investment balances from all funds are combined and invested to the extent available in
authorized investments. Earnings from securities are allocated to the various funds in
proportion to their relative cash book balances.
The City has not purchased any collateralized mortgage obligations, derivatives, or strip
investments. The practice is to hold investments to maturity. In the recent past, the City
has not needed to use any short-term debt and does not anticipate such a need in the
future. Of the City's portfolio as of December 31, 1999, 33% matures within 1 year,
another 22% in the second year, 9% in the third year, 21 in the fourth year, 3% in the fifth
year, and the last 12% in the sixth through the tenth years.
RISK MANAGEMENT
The City insures all significant risk. A schedule of such insurance is included in the
Statis#ical Section.
INDEPENDENT AUDIT
The Cit Charter and State Statutes require the Council to provide for an audit of the
Y
financial transactions of the City. Deloitte Touche LLP has been retained for that
purpose and their unqualified opinion has beer� included in this report.
CERTIFICATE OF ACHIEVEMENT
The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City af
Brooklyn Center for its comprehensive annual financial report for the fiscal year ended
December 31, 1998.
In order to be awarded a Certificate of Achievement for Excellence in Financial Reporting,
a governmentaf 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 Achievement is valid for a period of one year only. We believe our current
report continues to conform to Certificate of Achievement Program requirements, and we
are submitting it to GFOA to determine its eligibility for another certificate.
13
ACKNOWLEDGMENTS
I want to express my appreciation to the Finance Department staff for the assistance
provided during the audit. I also wish to express our appreciation to the City Manager, the
Mayor, and members of the City Council for their continued interest and support in planning
and conducting the financial operations of the City in a responsible and progressive
manner.
Respectfully submitted,
F�
Charles Hansen
Director of Finance
Robert Sundberg
Assistant Director of Finance
t
t
14
ertl cate o
A hl m nt
c e�e e
r^
or Exce�_en�e
ln Flnancla_
1
I�e
g
1
Presented to
Cit of Broo�� n Center,
y y
Minnesota
1
For its Comprehensive Annual
Financial F�eport
f or the Fiscal Year Ended
December 31, 1998
A Certificate of Achievement for F�cellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
�C�. oFRi�
UF TFIE 9�, 4"� /Z�
�uNiTEO STATES`�y�
u�i ANU N
CANA�A
co�or�TaN President
?o,;
CNICAG��
Executive Director
De oitte
Touche
Deloitte Touche LLP Telephone: (612) 397-4000
400 One Financial Plaza Facsimile: (612) 397-4450
120 South Sixth Street
Minneapolis, Minnesota 55402-1844
INDEPENDENT AUDITORS' REPORT
The Honorable Mayor and Members of the
City Council of the City of Brooklyn Center, Minnesota
We have audited the accompanying general purpose financial statements of the City of Brooklyn Center,
Minnesota, as of December 31, 1999 and for the year then ended, listed in the foregoing table of contents.
These general purpose financial statements are the responsibility of the management of the City of
Brooklyn Center, Minnesota. Our responsibility is to express an opinion on these general purpose
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the general purpose financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the general purpose financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable basis for our
opinion.
In our opinion, such general purpose financial statements present fairly, in all material respects, the
financial position of the City of Brooklyn Center, Minnesota at December 31, 1999, and the results of its
operations and the cash f7ows of its proprietary fund types and nonexpendable trust funds for the year
then ended in conformity with accounting principles generally accepted in the United States of America.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The combining and individual fund and account group financial statements
and schedules listed in the foregoing table of contents are presented for the purpose of additional analysis
and are not a required part of the general purpose financial statements of the City of Brooklyn Center,
Minnesota. These financia] statements and schedules are also the responsibility of the management of the
City of Brooklyn Center, Minnesota. Such additional information has been subjected to the auditing
procedures applied in our audit of the general purpose financial statements and, in our opinion, is fairly
stated in all material respects when considered in relation to the general purpose financial statements
taken as a whole.
In accordance with Government Auditing Standards, we have also issued our report dated May 17, 2000,
on our consideration of the City of Brooklyn Center's internal control over financial reporting and our
tests of its compliance with certain provisions of laws, regulations, contracts, and grants. That report is an
integral part of an audit performed in accordance with Government Auditing Standards and should be
read in conjunction with this report in considering the results of our audit.
/�-��ll� /��-1�.��_ L
May 17, 2000
DeloitteTouche
Tohmatsu
16
City of Brooklyn Center, Minnesota
GENERAL PURPOSE FINANCIAL STATEMENTS,
The general purpose financial statements are intended to provide a financial overview of
municipal operations. These reports are at a summary level and include those data
needed to control and analyze current operations to determine compliance with legal and
budgetary limitations and to assist in the financial planning process.
1
1
17
City of Brookiyn Center
All Fund Types and Account Groups
COMBINED BAl.ANCE SHEET
December 31, 1999
Governmental Fund Types
Special Debt Capital
General Revenue Service Projects
ASSETS AND OTHER DEBITS
Assets:
Cash and cash equivalents (Note 2) $1,218,275 $497,770 $4,544,919 $1,407,861
Investments (Notes 1F, 2) 7,117,968 2,902,799 1,123,361 8,210,074
Receivables:
Accounts 66,188 12,188 2,062
Delinquent taxes (Note 1J) 158,445 7,481
Special assessments 8,554 3,471,184 480,544
Due from other funds (Note 9) 220,122 86,219 255,895
Due from other governments 140,859 1,991 364,251
Inventories and supplies (Note 1G)
Prepaid expenses
Advances to other funds (Note 9) 105,074 1,669,412
Fixed assets (net of accum depr. where applicable) (Notes 1 C, 3)
Other Debits:
Amount available in Debt Service Funds
Amount to be provided for General Long-Term Debt
Total Assets and Other Debits $9,035,485 $3,508,448 $9,139,464 $12,390,099
LIABILITIES, EQUITY AND OTHER CREDITS
Liabilities:
Accounts payable $300,707 $59,436 $1,639 $830,468
Contracts payable 155,334
Due to other funds (Note 9) 17,236
Accrued salaries and wages 374,450 6,584 5,508
Accrued vacation sick pay (Note 1 H) 634,389 18,390
Accrued health insurance
Accrued interest payable
Advances from other funds (Note 9) 698,143
Deferred revenue (Note 1J) 417,232 7,481 3,471,184 844,795
General obligation bonds payable (Note 6)
Other long-term liabilities (Note 6)
Special assessment bonds with governmental commitment (Note 6)
Revenue bonds payable (Note 6)
Total Liabilities 1,726,778 807,270 3,472,823 1,836,105
Equity and Other Credits:
Contributed capital (Note 4)
Investment in general fixed assets
Retained earnings: (Notes 8 10)
Reserved
Unreserved
Fund Balances: (Notes 8 10)
Reserved 105,074 977,619 5,666,641 1,669,412
Unreserved:
Designated 5,937,168
Undesignated 1,266,465 1,723,559 8,884,582
Total Equity and Other Credits 7,308,707 2,701,178 5,666,641 10,553,994
Totai Liabilities, Equity and Other Credits $9,035,485 $3,508,448 $9,139,464 $12,390,099
(See notes to financial statements)
18
EXHIBIT 1
Totals
Proprietary Fund Types Account Groups (Memorandum Only)
General General
Internal Fixed Long-Term December 31,
Enterprise Service Assets Debt 1999 1998
$910,943 $745,358 $9,325,126 $11,134,244
4,023,202 4,346,626 27,724,030 29,819,514
1,395,703 21,493 1,497,634 1,365,295
165,926 146,907
170,253 4,130,535 3,256,003
562,236 556,573
14,039 521,140 467,473
441,342 12,572 453,914 362,258
125,143 125,143 126,079
1,774,486 1,854,456
44,575,979 3,026,809 $23,361,414 70,964,202 60,372,176
$5,666,641 5,666,641 5,113, 659
21,625,834 21,625,834 22,695,472
$51,656,604 $8,152,858 $23,361,414 $27,292,475 $144,536,847 $137,270,109
$953,402 $29,186 $2,174,838 $1,681,895
85,157 240,491 307,352
545,000 562,236 385,000
54,497 8,981 450,020 438,361
83,774 28,522 765,075 730,362
1,369,891 1,369,891 1,229,333
26,467 26,467 29,831
1,076,343 1,774,486 2,026,028
4,740,692 3,521,604
$21,335,000 21,335,000 23,015,000
168,906 37,475 206,381 279,339
5,920,000 5,920,000 4,740,000
1,230,000 1,230,000 1,400,000
4,223,546 1,436,580 27,292,475 40,795,577 39,784,105
22,933,780 3,174,526 26,108,306 25,258,665
$23,361,414 23,361,414 17,043,726
409,364 409,364 392,874
24,089,914 3,541,752 27,631,666 24,472,065
8,418,746 15,387,336
5,937,168 5,726,226
11,874,606 9,205,112
47,433,058 6,716,278 23,361,414 103,741,270 97,486,004
$51,656,604 $8,152,858 $23,361,414 $27,292,475 $144,536,847 $137,270,709
19
City of Brooklyn Center EXHIBIT 2
All Governmental Fund Types
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1999
Totals
Special Debt Capital (Memorandum Oniy)
Revenues General Revenue Service Projects 1999 1998
Taxes and speciai assessments $8,219,491 $3,233,790 $690,538 $217',306 $12,361,125 $11,202,457
Licenses and permits 763,960 763,960 549,067
Intergovernmentai 3,911,480 1,663,648 308,310 2,718,728 8,602,166 4,936,343
Charges for services 739,054 739,054 771,614
Court fines 205,460 205,460 193,688
Investment eamings 346,382 200,873 137,511 502,728 1,187,494 1,586,399
Change in fair value of investments (158,708) (97,456) (32,598) (288,853) (577,615) 146,180
Saie of property 2,411,987 2,411,987
Miscellaneous 6,679 140,367 21,004 168,050 439,013
Total Revenues 14,033,798 7,553,209 1,103,761 3,170,913 25,861,681 19,824,761
Exoenditures
Current:
Generai government 2,257,957 2,458 2,260,415 2,134,001
Public safety 5,336,622 17,791 5,354,413 5,185,965
Publicworks 1,904,205 1,904,205 1,955,108
Communiry services 83,295 83,295 73,066
Parks and recreation 2,132,511 100,954 2,233,465 2,148,201
Economic development 383,927 2,280,977 2,664,904 893,522
Non departmental 343,925 343,925 312,625
Administrative Services Reimbursement (670,390) (670,390) (731,73�
CapRal outlay 3,522,148 10,316,554 73,838,702 6,453,906
Debt service:
Principal retirement 2,085,000 2,085,000 1,285,000
interest and fiscal charges 1,387,544 1,387,544 1,285,460
Total Expenditures 11,772,052 5,924,328 3,472,544 10,316,554 31,485,478 20,995,117
Excess or Deficiency(-) of Revenues
Over Expenditures 2,261,746 1,628,881 (2,368,783) (7,145,641) (5,623,797) (1,170,356) t
Other Financina Sources or Usesf-)
Proceeds from sale of bonds 1,585,000 1,585,000 2,670,000
Operating transfers In 233,751 2,921,765 499,917 3,655,433 3,646,198
Operating transfers out (1,591,039) (2,113,751) (3,704,790) (4,071,198)
Total Other Financing Sources or Uses(-) (1,591,039) (1,880,000) 2,927,765 2,084,917 1,535,643 2,245,000
F�cc�ss or Deficiency(-) of Revenues and Other
Sources Over Expenditures and OtF�er Uses 670,707 (251,119) 552,982 (5,060,724) (4,088,154) 1,074,644
Fund Balances January 1 7,338,000 2,952,297 5,113,659 14,914,718 30,318,674 29,244,030
Equity Transfers In (Out) (700,000) 700,000
Fund Balances December 31 $7,308,707 $2,701,178 $5,666,641 $10,553,994 $26,230,520 $30,318,674
t
(See notes to financiai statements)
20
EXHIBIT 3
City of Brooklyn Center
General and Speciai Revenue Funds
COMBINED STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL
For the Year Ended December 31, 1999
General Fund Special Revenue Funds
Actual Over Actual Over
Under(-) Under(-)
Budget Actual Budget Budget Actuai Budget
Revenues
Taxes and speciai assessments $8,214,083 $8,219,491 $5,408 $2,857,761 $3,233,790 $376,029
Licenses and permits 418,628 763,960 345,332
Intergovernmental 3,894,372 3,911,480 17,108 1,718,113 1,663,648 (55,465)
Charges for services 862,206 739,054 (123,152)
Court fines 204,000 205,460 1,460
Investment earnings 280,000 346,382 66,382 150,000 200,873 50,873
Change in fair value of investments (158,708) (158,708) (97,456) (97,456)
Sale of property 2,420,000 2,411,987 (8,013)
Miscellaneous 12,000 6,679 (5,321) 24,000 140,367 116,367
Total Revenues 13,685,289 14,033,798 148,509 7,170,874 7,553,209 382,335
Expenditures
General government 2,357,773 2,257,957 (99,816) 2,458 2,458
Public safety 5,433,832 5,336,622 (97,210) 26,987 26,987
Publicworks 2,016,754 1,904,205 (112,549}
Community services 84,910 83,295 (1,615)
Parks and recreation 2,232,090 2,132,511 (99,579) 100,954 100,954
Economicdeve{opment 385,250 383,927 (1,323) 6,328,461 5,793,929 (534,532)
Non-departmental 534,653 343,925 (190,728)
Admin. Services Reimbursement (737,487) (670,390) 67,097
Total Expenditures 12,307,775 11,772,052 (535,723) 6,328,461 5,924,328 (404,133)
Excess or Deficiency(-) of Revenues
Over Expenditures 1,577,514 2,261,746 684,232 842,413 1,628,881 786,468
Other Financina Sources or Uses(-1
Operating transfers in 1,873,609 233,751 (1,639,858)
Operating transfers out (1,591,049) (1,591,039) 10 (3,023,609) (2,113,751) 909,858
Total Other Financing Sources or Uses(-) (1,591,049) (1,591,039) 10 (1,150,000) (1,880,000) (730,000)
Excess or Deficiency(-) of Revenues and Other
Sources Over Expenditures and Other Uses (13,535) 670,707 684,242 (307,587) (251,119) 56,468
Fund Balances January 1 7,338,000 7,338,000 2,952,297 2,952,297
Equity Transfer In (Out) (700,000) (700,000)
Fund Balances December 31 $7,324,465 $7,308,707 ($15,758) $2,644,710 $2,701,178 $56,468
(See notes to financial statements)
21
City of Brooklyn Center EXHIBIT 4
Proprietary Fund Types
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For the Year Ended December 31, 1999
Internal Totals
Enterprise Service (Memorandum Only)
Operatina Revenues Funds Funds 1999 1998
Sales and user fees $12,355,755 $1,037,426 $13,393,181 $11,731,365
Cost of sales 3,285,487 3,285,487 2,880,024
Net Operating Revenues 9,070,268 1,037,426 10,107,694 8,851,341
Oaeratina Expenses
Personal services 2,942,972 425,870 3,368,842 2,895,627
Supplies 363,390 191,104 554,494 539,041
Otherservices 2,861,174 57,008 2,918,182 2,714,872
Insurance 54,980 32,672 87,652 83,714
Utilities 322,062 3,559 325,621 320,038
Rent 236,172 236,172 134,107
Depreciation 1,065,311 506,396 1,571,707 1,422,134
Total Operating Expenses 7,846,061 1,216,609 9,062,670 8,109,533
Operating Income (Loss) 1,224,207 (179,183) 1,045,024 741,808
Nonoperatinq Revenues or Expenses
Investmentearnings 298,676 279,611 578,287 560,125
Change in fair value of investments (134,551) (127,107) (261,658) 52,062
Special assessments 291,475 291,475 22,767
Intergovernmental 1,092,809 1,092,809 907,191
Other revenue 7,454 7,454 56,688
Interest and fiscal agent fees (90,904) (90,904) (123,502)
Total Net Nonoperating 1,464,959 152,504 1,617,463 1,475,331
Income Before Operating Transfers 2,689,166 (26,679) 2,662,487 2,217,139
Operating Transfers In (Out) (70,643) 120,000 49,357 425,000
Net Income 2,618,523 93,321 2,711,844 2,642,139
Depreciation on contributed assets that
reduces contributed capital 318,420 145,827 464,247 446,750
Retained Earnings January 1 21,562,335 3,302,604 24,864,939 21,776,050
Retained Earnings December 31 $24,499,278 $3,541,752 $28,041,030 $24,864,939
(See notes to financia( statements)
22
1
City of Brookiyn Center EXHIBIT 5
Proprietary Fund Types
COMBINED STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1999
internal Totals
Enterprise Service (Memorandum Only)
Cash flows from operatina activities: Funds Funds 1999 1998
Operating income (loss) $1,224,207 ($179,183) $1,045,024 $741,808
Adjustments to reconcile operating income (loss) to
net cash provided by operating activities:
Depreciation 1, 065, 311 506,396 1,571,707 1,422,134
Changes in assets and liabilities:
Receivables (82,357) (14,696) (97,053) 176,983
Inventories (83,669) (7,987) (91,656) (15,787)
Prepaid expenses 936 936 15,960
Payables 396,561 (51,035) 345,526 237,688
Accrued expenses (40,016) 1,271 (38,745) 58,336
Accrued interest payable (3,364) (3,364) (3,163)
Accrued health insurance liability 140,558 140,558 11,104
Other nonoperating income 1,391,738 1,391,738 986,646
Net cash provided by operating activities 3,869,347 395,324 4,264,671 3,631,709
Cash flows from noncapital financinq activities:
Proceeds from borrowings on long-term debt 225,208
Proceeds from borrowings due to other funds 160,000 160,000
Principal payments on long-term debt (56,302) (56,302)
Principal payments on advance from other funds (79,969) (79,969) (78,071)
Interest paid on advance from other funds (2,593) (2,593) (4,691)
Interest paid on due to other funds (23,233) (23,233) (45,211)
Operating transfers in (out) (70,643) 120,000 49,357 425,000
Net cash (used for) provided by noncapital financing activities (72,740) 120;000 47,260 522,235
Cash flows from caoital and related financinp activities:
Capital contributions 1,234,880 1,234,880 1,387,582
Acquis+tion and construction of capita{ assets (4,980,286) (786,750) (5,767,036) (5,932,417)
Principal paid on revenue bonds (170,000) (170,000) (165,000)
Interest paid on revenue bonds (65,078) (65,078) (73,600)
Net cash used for capital and related financing activities (3,980,484) (786,750) (4,767,234) (4,783,435)
Cash flows from investinp activities:
Investments purchased (2,370,458) (2,561,018) (4,931,476) (7,453,317)
Investments sold or matured 2,052,871 2,326,995 4,379,866 6,210,378
Investmentearnings 298,676 279,611 578,287 560,125
Net cash (used for) provided by investing activities (18,911) 45,588 26,677 (682,814)
Netdecrease in cash and cash equivalents (202,788) (225,838) (428,626) (1,312,305)
Cash and cash equivalents at beginning of year 1,113,731 971,196 2,084,927 3,397,232
Cash and cash equivalents at end of year $910,943 $745,358 $1,656,301 $2,084,927
Non cash items:
Change in fair value of investments $134,551 $127,107 $261,658 ($52,062)
t (See notes to financial statements)
23
Gity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 1999
Note 1: Summarv of �ianificant Accountinq Policies
The City of Brooklyn Center, Minnesota (City) was formed and operated pursuant
to applicable Minnesota laws and statutes. The governing body consists of a five-
member City Council elected at large to serve four-year staggered terms.
A. Reportina Entit�
The City includes all funds, organizations, institutions, agencies, departments, and
offices that are not legally separate from such. Component units are legally t
separate organizations for which the elected officials of the City are financially
accountable and are included within the general purpose financial statements of the t
City because of the significance of their operational or financial relationships with
the City.
BLENDED COMPONENT UNITS: t
Blended component units, although legally separate entities, are, in substance, part
of the government's operations and data from these units are combined with data
of the primary government.
Economic DevelopmentAuthority (EDA) and Housing and RedevelopmentAuthority
(HRA) in and for the City of Brooklyn Center:
The governing boards are the City Council: The Council reviews and approves EDA
and HRA tax levies, and the City provides major community development financing
for EDA and HRA activities. Debts issued for EDA and HRA activities are City
general obligations. Although the EDA and HRA are legally separate from the City,
they are reported as if they were part of the City because the governing boards are
the same.. Complete financial statements for the EDA and HRA may be obtained
at the City offices located at 6301 Shingle Creek Parkway, Brooklyn Center,
Minnesota 55430.
JO(NT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS:
The City has several agreements with governmental and other entities which
provide reduced costs, better service, and additional benefits to the participants.
These programs, in which the City participates, are listed below and amounts
recorded within the current year financial statements are disclosed.
24
1
t Note 1: Summarv of Sianificant Acco�antina Policies lcont'dl
Local Government Information Systems Association (LOGIS):
This consortium of approximately 24 government entities provides computerized
data processing and support services to its members. LOGIS is legally separate; the
City does not appoint a voting majority of the Board, and the Consortium is fiscally
independent of the City. The total amount recorded within the 1999 financial
statements of the City was $325,962 for services provided which is allocated to the
various funds based on applications. Complete financial statements may be
obtained at the LOGIS offices located at 5750 Duluth Street, Golden Valley,
Minnesota 55422.
LOGIS Insurance Group:
This group provides cooperative purchasing of health and life insurance benefits for
approximately 45 government entities. The total 1999 employee insurance benefits
expense, including health and life insurance, recorded within the financial
statements was $602,924. Complete financial statements may be obtained from
DCA, Inc. located at 400 DCA Center, 13100 Wayzata Boulevard, Minnetonka, MN
S5305-1840.
OTHER:
The Brooklyn Center Fire Department Relief Association (Association):
The Association is organized as a nonprofit organization, legafly separate from the
City, by its members to provide pension and other benefits to such members in
accordance with Minnesota Statutes. Its board of directors is appointed by the
membership of the Association and not by the City Council and the Association
issues its own set of financiai statements. All funding is conducted in accordance
with applicable Minnesota Statutes, whereby state aids flow to the Association, tax
levies are determined by the Association, and are only reviewed by the City and the
Association pays benefits directly to its members. The Association may certify tax
levies to Hennepin County directly if the City does not carry out this function.
Because the Association is fiscally independent of the City, the financial statements
of the Association have not been included within the City's reporting entity. (See
Note 15 for disclosures relating to the pension plan operated by the Association.)
The City's portion of the costs of the Association's pension benefits is included in
the General Fund under public safety. Complete financial statements for the
Association may be obtained at the City offices located at 6301 Shingle Creek
Parkway, Brooklyn Center, Minnesota 55430.
25
1
Note 1: Summarv of Sianificant Accountina Policies (cont'd1
B. Fund Accounti�a
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 six generic fund types and finro broad fund
categories as follows:
GOVERNMENTAL FUNDS:
General Fund The General Fund is the general operating fund of the City. It is
used to account for all financial reso.urces 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.
Capita! Projects Funds Capital Projects Funds are used to account for financial
resources to be used for the acquisition or construction of major capita( facilities,
other than those financed by proprietary funds. t
PROPRIETARY FUNDS:
Enterprise Funds Enterprise Funds are used to account for operations that are
financed and operated in a manner similar to private business 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 user 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.
26
Note 1: Summarv of Sianificant Accountina Policies lcont'dl
C. Fixed Assets and Lona-Term Liabilities
The accounting and reporting of fixed assets and long-term liabilities associated
with a fund are determined by its measurement focus. All governmental funds are
accounted for on a spending or "financial flow" measurement, which 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.
Fixed assets used in governmental fund type operations are accounted for in the
General Fixed Assets Account Group, rather than in the governmental funds. Public
domain general fixed assets consisting of certain improvements other than
buildings, including roads, curbs and gutters, streets and sidewalks, drainage
systems, and lighting systems, have been excluded from general fixed assets, as
such items are immovable and of value only to the City. No depreciation has been
provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if historical
cost is unavailable. Donated fixed assets are valued at their estimated market value
as of the date donated.
The fixed assets of the proprietary funds are depreciated using the straight-line
method over the estimated useful lives of the assets. The estimated useful lives are
as follows:
Water Sewer Mains Lines 100 years
Buildings and Structures 20-40 years
Water Wells and Storage Tanks 15-50 years
Sewer Lift Stations 15-40 years
Machinery and Equipment 5-20 years
Furniture and Fixtures 5-20 years
Public Utility assets financed by special assessments are recorded as contributions.
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.
27
Note 1: Summarv of Siqnificant Accountina Policies (cont'dl
All proprietary funds are accounted for on a flow of economic resources
measurement focus. With this measurement focus, all assets and all liabilities
associated with the operations of these funds are included on the balance sheet.
Fund equity (e.g., net total assets) is segregated into contributed capital and
retained earnings components. Proprietary fund-type operating statements present
increases (e.g., revenues) and decreases (e.g., expenses) in net total assets.
D. Basis of Accountina t
Governmental funds are accounted for using the modified accrual basis of
accounting. Their revenues are recognized when they become measurable and
available. Available means collectible within the current period or soon enough
thereafter to be used to pay liabilities of the current period.
Major revenues that are susceptible to accrual include taxes, special assessments,
intergovernmental revenues, charges for services, and investment earnings. Major
revenues that are not susceptible to accrual include licenses and permits, fees, and
miscellaneous revenues; such revenues are recorded only as received because
they are not measurable until collected. Interest on special assessments is
recognized as revenue when due, net of delinquencies.
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.
All proprietary funds are accounted for usin the accrual basis of accountin Their
9 9
revenues are recognized when they are earned, and expenses are recognized when
they are incurred. Unbilled Water and Sewer Fund utility service receivables are
recorded at year-end. The City applies all applicable Financial Accounting
Standards Board (FASB) pronouncements issued prior to November 30, 1989 in
accounting for its proprietary operations,
E. Budaets and Budaetarv Accountina
The City follows these procedures establishing the budgetary data reflected in the
�nancial statements:
1. In August, the City Manager submits to the City Council proposed operating
budgets for the fiscal year commencing the following January. The operating
budgets include expenditures and the means of financing them.
2. The County mails individual property tax notices showing the taxes which woufd
result from the proposed budgets of all taxing units to each property in November.
28
Note 1: Summarv of Sianificant Accountina Policies lcont'd)
3. Public hearings are conducted to obtain taxpayer comments.
4. The budgets are legally enacted through passage of a resolution by the City
Council in the month of December.
5. The City Council must authorize any transfer of budgeted amounts between
departments within the General Fund. A transfer of budgeted amounts within
individual departments must be authorized by the city manager.
6. Su lemental a ro riations durin the ear ma onl be made b the Ci
p p P p p 9 Y Y Y Y t Y
Council. These amounts must be financed by funds from the contingency reserve
set up in the General Fund or by additional revenues.
7. All budget amounts lapse at the end of the year to the extent they have not been
expended.
8. Formal budgetary integration is employed as a management control device
during the year for all governmental funds with the exception of Debt Service Funds
and Capital Pro�ect 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
Funds is accomplished through the use of project controls and project-length
budgets.
9. Budgets are adopted on a basis consistent with generally accepted accounting
principles. Annual appropriated budgets are adopted for all governmental funds
except for Debt Service Funds and the project-length Capital Project Funds.
10. Budgetary control is maintained at the department level for the General Fund
and at the fund level for all other governmental funds that adopt annual budgets.
11. Budgeted amounts are as originally adopted, or as amended by the City
Council. Individual and aggregate amendments were not material in relation to the
original appropriations.
F. Investments
Cash balances from all funds are combined and invested to the e�ctent available in
authorized investments (see Note 2). Earnings from such investments are allocated
to the respective funds on the basis of applicable cash balance participation by
each fund. Cash and investments are stated at fair value. All commercial paper
and certificates of deposit with a maturity of one year or less when purchased are
2g
Note 1: Summarv of Sianificant Accountinq Policies (cont'dl
stated at amortized cost which approximates market value. All hi hl li uid
9 Y q
unrestricted investments with a maturity of three months or less when purchased
are considered to be cash equivalents. t
G. Inventorv
Inventories in the proprietary funds are valued at cost, using the weigh#ed average
method in the Municipal Liquor Fund and the first-in/first-out (FIFO) method in the
other proprietary funds. The costs of govemmental fund type supplies are recorded
as expenditures when purchased.
H. Accrued Vacation and Sick Pav
The City pays employees severance pay upon termination of employment based on
accumulated sick leave and accrued vacation. Such pay is accrued as an
expenditure/expense as it is earned.
I. Fund E ui
Contributed capital is recorded in proprietary funds that have received capital grants
or contributions from developers, customers, or other funds.
Reserves represent those portions of fund equity not appropriable for expenditure
or legally segregated for a specific future use. Designated fund balance represents
tentative plans for future use of financial resources.
J. Prone�tv Tax
Property tax levies are set by the City Council in December of each year, and are
certified to Hennepin County for collection in the following year. In Minnesota,
counties act as collection agents for' all property taxes.
The County spreads all levies over taxable property. Such taxes become a lien on
January 1 and are recorded as receivables by the City at that date. Revenues are
accrued and recognized in the year collectible, net of delinquencies.
Real property taxes may be paid by taxpayers in two equal installments on May 15
and October 15. Personal properly taxes may be paid on February 28 and June 30.
The County provides tax settlements to cities and other taxing districts finro times a
year, in July and December.
30
Note 1: Summarv of Sianificant Accoiantina Policies �cont'd)
Taxes which remain unpaid at December 31 are classified as delinquent taxes
receivable and are fully offset by deferred revenue because they are not known to
be available to finance current expenditures. In addition, at December 31, 1999,
the City has recorded $250,233 in deferred revenue for the General Fund for
estimated property tax abatements on properties whose value is under appeal that
are anticipated to be repaid to the County in future years.
K. 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 cash flows in
conformity with generally accepted accounting principles. Interfund eliminations
have not been made in the aggregation of this data.
L. Reclassification
Certain account balances were reclassified for the year ended December 31, 1998.
These reclassifications, which did not require a restatement of fund balance, were
adjusted for comparability to the financial statements for the year ended
December 31, 1999, and must be considered when comparing the financial
statements of this report with those of prior reports.
The chan e involves the reclassification of water meters urchased in the Water
9 P
Utility Fund from cost of sales to supply expense. The reclassification increases
1998 sales and supply expense amounts by $50,435.
M. New Accountina Pronouncement
In June 1999, the GASB issued Statement No. 34, Basic Financial Statements and
Management's Discussion and Analysis for State and Local Governments. This
statement is effective for the City for the year ending December 31, 2003.
Statement No. 34 will affect the presentation of the City's annual financial report.
The statement also requires the City to utilize the economic resources measurement
focus as well as the accrual basis of accounting. The City has not yet determined
the effects Statement No. 34 will have on its financial statements.
31
Note 2: Cash and Investmen#s
A. Deposits
In accordance with Minnesota Statutes, the City maintains deposits at those
depository banks authorized by the City Council. All such depositories are members
of the Federal Reserve System.
Minnesota Statutes require that all City deposits be protected by insurance, surety
bond, or collateral. The market value of collateral pledged must equal 110% of the
deposits not covered by insurance or bonds.
Authorized collateral includes the le al investments described below, as well as t
9
certain first mortgage notes, and certain other state or local government obligations.
Minnesota Statutes require that securities pledged as collateral be held in
safekeeping by the City Treasurer or in a financial institution other than that
furnishing the collateral.
At December 31 1999 the car in amount of he i's deman it
ry g t. C ty d depos s was
$(203,887) and the bank balance was $270,792. Of the bank balance, $100,000
was covered by federal depository insurance (risk category A) and the remainder
was covered by collateral held in the pledging bank's trust department in the City's
name (risk category B).
Risk Cateaorv
A Insured or collateralized by securities held by the City or its agent in
the City's name.
B Collateralized with securities held by the pledging institution's trust
department in the City's name.
C Uncollateralized or collateralized with securities held by the pledging
institution's trust department or agent, but not in the City's name.
32
Note 2: Cash and lnvestments (cont'dl
B, investments
The City may also invest idle funds as authorized by Minnesota Statutes, as follows:
a Direct obligations or obligations guaranteed by the United States or
its agencies.
b Shares of investment companies registered under the Federal
Investment Company Act of 1940 and whose only investments are in
securities described in (a) above.
c General obligations of the State of Minnesota or any of its
municipalities.
d Banker's acceptances of United States banks eligible for purchase by
the Federal Reserve System.
e Commercial paper issued by United States corporations or their
Canadian subsidiaries, of the highest quality, and maturing in 270
days or less.
f Repurchase or reverse repurchase agreements with banks that are
members of the Federal Reserve System with capitalization
exceeding $10,000,000, a primary reporting dealer in U.S.
government securities to the Federal Reserve Bank of New York, or
certain Minnesota securities broker-dealers.
g Future contracts sold under authority of Minnesota Statutes 471:56,
subdivision 5.
The City has not purchased any collateralized mortgage obligations, derivatives,
or strip investments. Investments are typica(ly held to maturity. Of the City's
portfolio as of December 31, 1999, 33% matures within 1 year, another 22% in the
second year, 9% in the third year, 21 in the fourth year, 3% in the fifth year, and
the last 12% in the sixth through the tenth years.
33
Note 2: Cash and Investments (cont'dl
The City's investments are categorized below to give an indication of the
level of custodial credit risk assumed at year-end. Category 1 includes
investments that are insured or registered or for which the securities are held
by the City or its agent in the City's name. Category 2 includes uninsured
and unregistered investments for which the securities are held by the
counter party's trust department or agent in the City's name. Category 3
includes uninsured and unregistered investments for which the securities are
held by the counter party, or by its trust department or agent, but not in the
City's name. In accordance with GASB Statement No. 3, investments in a
money market fund are not categorized as to custodial credit risk.
Balances at December 31, 1999:
Carrying
Credit Risk Category Amount/
Securities Type 1 2 3 Fair Value
Investments Cate orized:
9
U.S. Government $12,304,330 $12,304,330
Federal agencies 10,736,097 10,736,097
Commercial paper 6,181,184 6,181,184
$29,221,611 29,221,611
(nvestments Not categorized:
Money market funds 5,110,594
Certificates of deposit $$2,786
Cash in escrow for refundirig bonds 1,550,740
Tota1 Investments 36,765,731
Cash 283,425
Total Cash, Cash Equivalents, and Investments $37,049,156
34
Note 2: Cash and Investments (cont'dl
SUMMARY OF CASH AND INVESTMENTS
Balances at December 31, 1999
Investments: Carrying
Amount/
Investment Tvpe Interest Rate Maturity Fair Value
U.S. Treasury notes 4.25 7.75% 2000 2003 $12,304,330
Federal Home Loan Mortgage
bonds 5.125 6.5% 2000 2008 6,385,677
Federal National Mortgage
Association bonds 5.75 7.1 2000 2009 4,350,420
Commercial paper Various 2000 6,181,184
Total lnvestments $29,221,611
Deposits:
Minnesota Municipal Money Market Fund, Insight Investment
Management, Minneapolis, Minnesota 4,270,183
Dreyfus General Money Market Fund, Marquette Trust,
Minneapolis, Minnesota 765,427
Money Market Fund, Norwest Bank, Minnesota 70,236
Money Market Fund, First Trust, St. Paul, Minnesota 4,748
Certificates of Deposit 882,786
Bond Refunding Escrow Norwest Bank 1,550,740
Marquette Bank Brookdale, Brooklyn Center, Minnesota 270,792
Change funds 12,633
Total Deposits $7,827,545
Total Cash, Cash Equivalents, and Investments $37,049,156
From Exhibit 1, COMBINED BALANCE SHEET
Cash and cash equivalents $9,325,126
Investments 27,724,030
$37,049,156
35
Note 3: Fixed Assets
Changes in the General Fixed Assets Account Group during 1999 were as foilows:
Balance Balance
Jan. 1, 1999 Additions Disposals Dec. 31, 1999
Land $2,473,864 $2,473,864
Buildings Improvements 8,776,453 $6,090,518 $150,247 14,716,724
Park Improvements 3,354,926 276,113 30,798 3,600,241
Furniture Fixtures 1,360,475 1,360,475
Departmental Equipment 1,078,008 205,357 73,255 1,210,110
TOTAL GENERAL FIXED
ASSETS $17,043,726 $6,571,988 $254,300 $23,361,414
The following is a summary of proprietary fund-type fixed assets at December 31, 1999:
I nternal
Enterprise Service
Funds Funds
Land $3,299,529
Land Improvements 501,671
Buildings Improvements 20,400,437
Mains Lines 30,512,514
Departmental Equipment 1,476,073 $5,583,067
Total 56,190,224 5,583,067
Less accumulated depreciation (11,614,245) (2,556,258)
Net $44, 575, 979 $3, 026, 809
Note 4: Contributed Capital
During 1999 contributed capital changed by the following amounts:
Internal
Enterprise Service
Funds Funds
Additions:
Improvement construction $1,313,888
Deductions:
Depreciation on contributed assets (318,420) ($145,827)
Net change 995,468 (145,827)
Contributed Capital, January 1, 1999 21,938,312 3,320,353
Contributed Capital, December 31, 1999 $22,933,780 $3,174,526
36
Note 5: Oneratina Leases
During 1999, the City leased space for the operation of finro of its three municipal
liquor stores. One of these is a lease renewed on a year by year basis. This
lease was to end in March 2000, but has subsequently been extended for one
year to March 2001. The other is a noncancelable two year lease ending in May
2000, which has been subsequently extended through July 2000. This lease will
be allowed to expire as the store is expected to be moving to a new location in
August 2000. A ten-year lease with an option of an additional ten years has
been signed for the new location; the effective start date is dependent on
construction completion. These leases provide for minimum rent payments, plus
a pro-rata share of common area expenses. In addition, the latter lease requires
additional lease payments if agreed upon revenue thresholds are attained. Total
rental expense under the lease agreements for the years ended December 31,
1999 and 1998 was $69,922 and $55,003, respectively. Future minimum rent
payments under noncancelable leases are as follows:
Year Endina Amoun#
2000 78,179
2001 98,169
2002-2004 91,350/yr.
2005 95,025
2006-2009 100,170/yr.
2010 58.433
1.004.536
The Earle Brown Heritage Center Fund, which operates as an enterprise fund,
leased space to two tenants in 1999. One lease is for a ten year period
commencing January 1, 1999. In addition, another tenant has signed two
separate leases which are both renewable automatically for one year terms.
The first lease began April 15, 1999 and is for $19,200 per year. The second
lease period commenced January 1, 2000 and is for $3,600 per year. Payment
from this tenant will be in the form of audio/visual equipment trade-out. This
equipment will be used by the Heritage Center for client events. Rental revenues
and expenditures under the lease agreements were as follows:
1999 1998
Rental Revenues 51,538 30,797
Rental Expenditures 32,338 52,587
Future minimum rentals to be received are as follows:
Cash Trade-Out
Year Endina Amount Amount
2000 37,338 22,800
2001-2002 38,625/yr.
2003-2004 39,912/yr.
2005-2006 41,200/yr.
2007-2008 42,488/yr.
37
Note 6: Lona-Term Debt
The City's long-term debt includes general obligation bonds, tax increment bonds, and
special assessment improvement bonds, all of which are recorded in the General Long-
Term Debt Account Group. In addition, the City issued storm sewer revenue bonds
which are recorded as a liability in the Storm Drainage Fund.
The following is a summary of bond transactions for the year ended December 31,
1999:
General Tax Special Storm Sewer
Obligation Increment Assessment Revenue
Bonds Bonds Bonds Bonds Total
Bonds payable
January 1 $11,430,000 $11,585,000 $4,740,000 $1,400,000 $29,155,000
Bonds issued 1,585,000 1,585,000
Bonds retired 515,000 1,165,000 405,000 170,000 2,255,000
Bonds payable
December 31 $10,915,000 $10,420,000 $5,920,000 $1,230,000 $28,485,000
The annual requirements to amortize all outstanding debt as of December 31, 1999,
including interest of $7,267,874, are as follows:
General Tax Special Storm Sewer
Obligation Increment Assessment Revenue
Bonds Bonds Bonds Bonds Total
2000 $2,579,981 $1,875,554 $766,972 $239,110 $5,461,617
2001 1,032,651 1,969,409 929,966 239,950 4,171,976
2002 1,030,749 1,973,893 999,727 240,100 4,244,469
2003 1,027,356 1,985,412 873,614 239,540 4,125,922
2004 1,032,318 2,012,303 836,763 238,250 4,119,634
2005 on 7,248,749 3,395,000 2,749,297 236,210 13,629,256
$13,951,804 $13,211,571 $7,156,339 $1,433,160 $35,752,874
If special assessments are not adequate to retire the outstanding debt, the City's full
faith and credit are pledged for their redemption. The general obligation, tax increment,
and storm sewer revenue bonds are backed by the full faith and credit of the City.
There are a number of limitations contained in the various bond indentures. The City is
in compliance with all requirements of the indentures.
38
Note 6: Lona Term Debt lcont'd)
Long-term debt obiigations outstanding at year-end are summarized as follows:
Bond
Payment Issue Maturity Authorized
Rates Dates Date Date And issued Retired Outstanding
General Obligation Bonds
State-Aid Street Bonds 4.7-6.7 401 10-01 09-01-91 04-01-06 $3,000,000 $1,245,000 $1,755,000
Refunding State-Aid Street Bonds 3.55-4.0 401 10-01 12-01-98 04-01-06 1,585,000 1,585,000
Police and Fire Building Bonds 4.1-4.9 2-01 8-01 12-01-97 02-01-13 7,900,000 325,000 7,575,000
Total $12,485,000 $1,570,000 $10,915,000
General Obiigation Tax Increment Bonds
1991 Tax Increment Bonds 4.7-6.0 2-01 8-01 03-01-91 02-01-04 $6,050,000 $2,825,000 $3,225,000
t 1992 Refunding Tax Increment 4.5-5.6 2-01 8-01 02-01-92 02-01-03 4,270,000 1,410,000 2,860,000
1995 Taxable Tax increment Bonds 6.0-6.75 2-01 8-01 11-01-95 02-01-11 4,560,000 225,000 4,335,000
Total $14,880,000 $4,460,000 $10,420,000
General Obligation Special Assessment Bonds
1994 Street Improvement Bonds 4.1-5.5 2-01 8-01 08-01-94 02-01-05 $835,000 $305,000 $530,000
1995 Street Improvement Bonds 4.0-4.9 2-01 8-01 11-01-95 02-01-06 780,000 210,000 570,000
1996 Street lmprovement Bonds 4.2-5.1 2-01 8-01 11-01-96 02-01-07 1,440,000 250,000 1,190,000
1997 Street Improvement Bonds 4.0-4.7 2-01 8-01 12-01-97 02-01-08 1,075,000 115,000 960,000
1998 Street Improvement Bonds 3.4-4.2 2-01 8-01 12-01-98 02-01-09 1,085,000 1,085,000
1999 Street Improvement Bonds 4.1-5.0 2-01 8-01 12-01-99• 02-01-10 1,585,000 1,585,000
Total $6,800,000 $880,000 $5,920,000
Generai Obligation Revenue Bonds
1994 Storm Sewer Revenue Bonds 4.2-5.4 2-01 8-Q'I 08-01-94 02-01-05 $9,830,000 $600,000 $1,230,000
Total $1,830,000 $600,000 $1,230,000
1
39
Note 6: Lona Term Debt (cont'dl
in addition to the bonded debt listed above, the City of Brookiyn Center has two amounts
recorded as "Other long term liabilities." These are loans extended to the City by Northern
States Power for the purpose of promoting energy conservation improvements to City
owned facilities. The first loan is recorded in the General Long-term Debt Group of
Accounts for $54,131 and was used for installation of low energy lamps in tra�c signals. It
will be repaid by the General Fund in 41 monthly installments of $1,388 which commenced
on November 4, 1998. The second loan is recorded in the Water Fund for $225,208 and
was used for installation of controls on well pumps. It is payable in 51 monthly
installments of $4,692 which commenced on October 2, 1998.
General
Long-Term Water
Debt Fund Total
Other long term
liabilities payable
January 1 $54,131 $225,208 $279,339
Liabilities issued
Liabilities retired 16,656 56,302 72,958
Other long term t
liabilities payabte t
December 31 $37,475 $168,906 $206,381
Conduit debt obliaations
From time to time, the City has issued Housing Revenue Bonds and Industrial
Revenue Bonds to provide assistance to private sector entities for the acquisition
and construction of housing, industrial, and commercial facilities deemed to be in
the public interest. The bonds are secured by the property financed and are
payable solely from payments received on the underlying mortgage loans. Upon
repayment of the bonds, ownership of the acquired facilities transfers to the
private sector entity served by the bond issue. Neither the City, the State, nor
any political subdivision thereof is obligated in any manner for the repayment of
the bonds. Accordingly, the bonds are not reported as liabilities in the
accompanying financial statements.
As of December 31, 1999, there were five series of Housing Revenue or
Industrial Revenue Bonds outstanding, with an aggregate principal amount
payable of approximately $22,230,000.
40
Note 7: Seament Information
Segment information as of and for the year ended December 31, 1999 was as follows:
E. Brown
Enterprise Funds: Municipal Golf Heritage Recycling Water Sanitary �torm I
Liquor Course Center Refuse Utility Sewer Draina�e
Fund Fund Fund Fund Fund Fund Fund Total
i
Operating Revenues $3,560,613 $355,534 $3,490,692 $210,764 $1,354,179 $2,384,106 $999,867 $12,355,755 I
Depreciation Expense 39,821 13,847 376,209 356,572 203,019 75,843 1,065,311
Operating Income (Loss) 233,353 62,064 (425,411) (2,618) 184,418 404,939 767,462 1,224,207
-p Operating Grants 1,092,809 1,092,809
Operating Transfers In (Out) (75,000) 4,357 (70,643)
Net Income (Loss) 174,024 64,662 (444,287) (347) 282,508 451,495 2,090,468 2,618,523
Current Capital Contributions 1,234,880 1,234,880
Property, Plant Equipment:
Additions 1,973 4,358 1,405,140 580,005 605,891 2,382,921 4,980,288
Deletions 79,008 6,077 85,085
Net Working Capital 593,977 10,162 (608,402) 99,595 3,087,526 1,877,998 15,129 5,075,985
Total Assets 1,043,265 1,736,298 11,528,386 100,595 15,879,489 11,783,887 9,584,684 51,656,604
Bonds and Other Long-Term
Liabilities Payable from
Operating Revenues 1,000,000 168,906 1,050,000 2,218,906
Total Equity $861,865 $670,822 $10,499,522 $99,595 $15,550,728 $11,691,781 $8,058,745 $47,433,058
Note 8: Reserved/Desianated Fund Eauitv
Fund balances and retained earnings in the various funds have
been reserved or designated for the following purposes:
Reserved Fund Epuitv
Retained Eamings:
Enterprise Funds:
Water Utility Fund Special Assessments $132,628
Sanitary Sewer Fund Special Assessments 4,351
Storm Drainage Fund
Debt Service 239,110
Special Assessments 33,275
Total Reserved Retained Earnings 409,364
Fund Balances:
General Fund:
Advances to Other Funds 105,074
Special Revenue Funds:
Economic Development Authority Fund
Bond Proceeds 977,619
Debt Service Funds:
General Obligation Bonds Debt Service 2,276,608
Tax Increment Bonds Debt Service 1,914,953
Special Assessment Bonds Debt Service 1,475,08a
Total Debt Service Funds S,666,641
Capital Projects Funds:
Capital Improvements Fund
Advances to Other Funds 1,076,343
Municipal State Aid for Construction Fund
Advances to Other Funds 593,069
Total Capital Projects Funds 1,669,412
Total Reserved Fund Balances 8,418,746
Total Reserved Fund Equity $8,828,110
Desianated Fund Eauitv
General Fund:
Working Capital $5,937,168
Total General Fund $5,937,168
42
Note 9: Interfund Receivables and Pavabies
Due from other funds and due to other funds are short-term
receivables/payabies which have interest rates of 0% to 6.5%.
Advances to other funds and advances from other funds are considered
long-term receivables/payables. Advances have interest rates of 0% to
7% with maturities extending through the year 2017. Advances between
funds are offset by a fund balance reserve account and are not
expendable or available financial resources.
Due from Due to
Other Funds Other Funds
General Fund 220,122
Special Revenue Funds:
Economic Development Authority Fund 56,213
Tax Increment #3 Fund 30,006
Tax Increment #4 Fund 17,236
Capital Projeets Funds:
Capital Res.erve Emergency Fund 30,303
Capital Improvements Fund 131,948
M.S.A. Construction Fund 49,737
Special Assessments Constr. Fund 43,907
Enterprise Funds:
Earle Brown Heritage Center Fund 545,000
t Total 562,236 562,236
Advances to Advances from
Other Funds Other Funds
General Fund 105,074
Special Revenue Funds:
E.B. Farm Tax Increment Fin. Fund 698,143
Capital Projects Funds
Capital Improvements Fund 1,076,343
M.S.A. Construction Fund 593,069
Enterprise Funds:
Municipal Liquor Fund 26,343
Golf Course Fund 1,050,000
Total 1,774,486 1,774,486
43
1
Note 10: Individual Fund Disclosures
Deficit fund balances Pxist at December 31 1999 in the following funds:
Special Revenue Funds
Earle Brown Tax Increment Financing District:
Unreserved deficit fund balance $656,428
Tax Increment District No. 4
Unreserved deficit fund balance $17,462
These deficits are being funded through internal borrowing and will be repaid
from future surplus tax increments.
Enterprise Funds:
E. Brown Heritage Center Fund $260,633
This deficit is being funded through internal borrowing and will be repaid from
future income of the enterprise.
Excess of Exnenditures over Annronriations:
For the year ended December 31, 1999, expenditures exceeded budget at the
fund level (i.e., the legal level of budgetary control) as follows:
Snecial Revenue Funds: Excess
Housing and Redevelo ment Authorit 3 215
p Y
Tax Increment District No. 3 57,149
Tax Increment District No. 4 17,462
Police Drug Forfeiture Fund 20,558
City Initiatives Grant Fund $109,841
The over expenditures in the Housing and Redevelopment Authority were due
to higher property tax revenues than anticipated resulting in a larger transfer out,
but for which no budget adjustment was made. The over expenditures in the tax
increment districts resulted from higher property tax rebates than budgeted and
the creation of a new district which was not budgeted. The over expenditures
were funded by tax increment revenues. The over expenditures in the Police
Drug ForFeiture and City Initiatives Grant Funds were the result of no budgets
for the funds. The over expenditures were funded by fund revenues.
Note 11: Continaencies
There are a few lawsuits pending in which the City is involved. City t
Management estimates that the potential claims against the City not covered by
insurance resulting from such litigation would not materially affect the City's
financial position.
44
Note 12: Risk Manaaemen�
The City is exposed to various risks of loss related to torts; theft of, damage to
and destruction of assets; errors and omissions and natural disasters for which
the City carries commercial insurance policies. The City retains risk for the
deduetibfe portions of the insurance policies. The amount of these deductibles
is considered immaterial to the financial statements.
There were no significant reductions in insurance from the previous year or
settlements in excess of insurance coverage for any of the past three years.
However, the City did increase the deductible portion of the insurance policies
and the amount of this increase is considered immaterial to the financial
statements.
Note 13: Post-Emalovment Health Care Benefits
The City has provided post-retirement health care benefits
as per the
requirements of a City Council resolution, for certain retirees and their
dependents since 1986. Full time employees have the option of retaining
membership in the City's health insurance plan for which the City will pay the
single person premium until such time as the retiree is eligible for Medicare
coverage or at age 65, whichever is sooner. If the retiree desires to continue
family coverage, the additional cost for family coverage shall be paid by the
retiree to the City. There are two methods whereby an employee can qualify
under this program. First, the employee, on the date of his/her retirement, must
meet eligibility requirements for a full retirement annuity under PERA (Note 14A)
without reduction of benefits because of age, disability, or any other reason for
reduction. In addition, the employee must have been employed full time by the
City for the last ten consecutive years prior to the effective date of retirement.
Additiona(ly, employees who are retiring after twenty-five years of consecutive
senrice with the City and are eligible to receive a pension from PERA shall have
the option of retaining membership in the City's health insurance plan for which
the employee will pay the premium until such time as the retiree is eligible to
receive a full-retirement annuity under PERA or PERA police. At that time, the
City will pay the single-person premium until such time as the retiree is eligible
for Medicare coverage or at age 65, whichever is sooner. Employees participate
in this program on a voluntary basis.
As of December 31, 1999, seven employees currently participate in this
program. The cost of City paid health care premiums for the years ended
December 31, 1999 and 1998 was $16,354 and $14,861, respectively. In
addition, the expenditures in 1999 and 1998 were increased by $140,558 and
$11,104, respectively, to account for the change in the accrued health insurance
liability. The $1,369,891 recorded as a liability reflects the City's best estimate
of the vested obligation to be funded for this program as of December 31, 1999.
45
Note 14: Defined Benefit Pension Plans Statewide
A. Plan Descrintion
All full-time and certain part-time employees of the City of Brooklyn Center are
covered by defined benefit pension plans administered by the Public Employees
Retirement Association of Minnesota (PERA). PERA administers the Public
Employees Retirement Fund (PERF) and the Public Employees Police and Fire
Fund (PEPFF),which are cost sharing, multiple-employer retirement plans.
These plans are established and administered in accordance with Minnesota
Statutes, Chapters 353 and 356.
PERF members belong to either the Coordinated Plan or the Basic Plan.
Coordinated Plan members are covered by Social Security and Basic members
are not. All new members must participate in the Coordinated Plan. All police
officers, fire fighters, and peace officers who qualify for membership by statute t
are covered by the PEPFF.
PERA provides retirement benefits as well as disability benefits to members, and
benefits to survivors upon death of eligible members. Benefits are established
by State Statute, and vest after three years of credited service. The defined
retirement benefits are based on member's highest average salary for any five
successive years of allowable service, age, and years of credit at termination of
service.
Two methods are used to compute benefits for PERF's Coordinated and Basic
members. The retiring member receives the higher of step rate benefit accrual
formula (Method 1) or a level accrual formula (Method 2). Under Method 1, the
annuity accrual rate for a Basic Plan member is 2.2 percent of average salary
for each of the first 10 years of service and 2.7 percent for each remaining year.
The annuity accrual rate for a Coordinated Plan member is 1.2 percent of
average salary for each of the first 10 years and 1.7 percent for each remaining
year. Under Method 2, the annuity accrual rate is 2.7 percent of average salary
for Basic Plan members and 1.7 percent for Coordinated Plan members for each
year of service. For all PEPFF members and PERF members whose annuity is
calculated using Method 1, a full annuity is available when age plus years of
service equal 90. A reduced annuity is also available to eligible members
seeking early retirement.
There are different types of annuities available to members upon retirement.
A normal annuity is a lifetime annuity that ceases upon the death of the retiree
no survivor annuity is payable. There are also various types of joint and survivor
annuity options available which will reduce the monthly normal annuity amount,
because the annuity is payable over joint lives. Members may also leave their
contributions in the fund upon termination of public service in order to qualify for
a deferred annuity at retirement age. Refunds of contributions are available at
any time to members who leave public service, but before retirement benefits
begin.
46
Note 14: Defined Benefit Pension Plans Statewide (cont'dl
The benefit provisions stated in the previous paragraphs of this section are
current provisions and apply to active plan participants. Vested, terminated
employees who are entitled to benefits but are not receiving them yet, are bound
by the provisions in effect at the time they last terminated their public service.
PERA issues a publicly available financial re ort that includes financial
p
statements and required supplementary information for PERF and PEPFF. That
t report may be obtained by writing to PERA, 514 St. Peter Street, #200, St. Paul,
Minnesota, 55102 or by calling (651) 296-7460 or 1-800-652-9026.
B. Fundina Policv
Minnesota Statutes Chapter 353 sets the rate for employer and employee
contributions. These statutes are established and amended by the state
legislature. The City makes annual contributions to the pension plans equal to
the amount required by state statutes. PERF Basic Plan members and
Coordinated Plan members are required to contribute 8.75% and 4.75%,
respectively, of their annual covered salary. PEPFF members are required to
contribute 7.60% of their annual covered salary. The Ci#y of Brooklyn Center is
required to contribute the following percentages of annual covered payroll:
11.43% for Basic Plan PERF members, 5.18°/a for Coordinated Plan PERF
members, and 11.40% for PEPFF members. The City's contributions to the
Public Employees Retirement Fund for the years ended December 31, 1999,
1998, and 1997 were $285,779, $277,561, and $218,414, respectively. The
City's contributions to the Public Employees Police Fire Fund for the years
ended December 31, 1999, 1998, and 1997 were $254,859, $269,796, and
$268,181, respectively. The City's contributions were equal to the contractually
required contributions for each year as set by state statute.
Note 15: Pension Plan Brooklvn Center Fire De�artment Relief Association
Plan Descrintion
The City contributes to the Brooklyn Center Fire Department Relief Association
(Association) which is the administrator of a single employer retirement system
to provide a retirement plan (the Plan) to volunteer fire fighters of the City who
are members of the Association. The Association issues a financial report,
including financial statements and required Plan supplementary information, that
is available at the City offices.
Fundina Policv and Annual Pension Cos#
The City levies property taxes at the direction of and for the benefit of the Plan
and passes through state aids allocated to the Plan, all in accordance with
enabling state statutes. The minimum tax levy obligation is the financial
contribution requirement for the year less anticipated state aids.
47
Note 15: Pension Plan Brooklvn Center Fire Department Relief Association (cont'dl
Contributions: Total contributions to the Plan in 1999 were $116,570, of which
$27,086 was levied by the City of Brooklyn Center and $89,484
was from the State of Minnesota. The actuarially determined
contribution based on an actuarial valuation performed at
January 1, 1997 was $96,617 which represents funding for
normal cost of $71,537 and administration of $25,080.
Actuarial valuation date: January 1, 2000 updated from the base year t
actuarial study as of January 1, 1999.
Actuarial cost method: Entry age normal cost method.
Amortization method: The Plan was fully funded as of December 31,
1999.
Remaining amortization period: None.
Actuarial assumptions
Investment rate of return 7.5% compounded annually
Projected salary increases (�ot applicable t
Post retirement benefits None
Three-vear Trend Information
Negative
Annual Net
Year Pension APC Pension
Endina Cost (APC) Contributed Obliaation
12/31/97 $108,451 $123,070 $362,882
12/31 /98 $95,176 $107,215 $438, 538.
12/31/99 $96,617 $116,570 $789,400
1
Schedule of Fundinq Proaress
Actuarial
Actuarial Accrued Excess of
Value of Liability (AAL) Assets Funded
Fiscal Assets Entry Age over AAL Ratio
Year (al (b) la-b) (a/b�
1997 $2,966,487 $2,603,605 $362,882 113.9%
1998 $3,056,068 $2,617,530 $438,538 116.8%
1999 $3,319,342 $2,529,942 $789,400 131.2%
(1) 1998 is based on an actuarial valuation as of 1/1 /99. 1997 and 1999 are
based on an actuarial update of the 1/1/97 and 1/1/99 actuarial valuations,
respectively.
48
Note 15: Pension Plan Brooklvn Center Fire De�artment Relief Association (cont'd)
(2) The Brooklyn Center Fire Department is a volunteer organization; thus no
covered payroll exists.
Related Partv Investments
As of December 3�, 1999, the Association held no securities issued by the City
or other related parties.
Note 16: Fund Chanaes
The following funds were o ened durin 1999:
p 9
Special Revenue:
Tax Increment Financing District #4
Debt Service:
GO Street Improvement Bonds of 1999 Fund
No funds were closed during 1999.
Note 17: Residual Enuitv TransfPrs
The General Fund transferred $475,000 to the Capital Improvements Capital
Projects Fund and $225,000 to the Special Assessment Construction Capital
Projects Fund. The transfers represent funds from the prior year's surplus of
revenues over expenditures. The funds will be used for future park and street
improvements. The amounts are not expected to be repaid and are reflected as
residual equity transfers in the City's financial statements.
49
City of Brooklyn Center, Minnesota
GENERALFUND
The City of Brooklyn Center Home Rule Charter provides in Section 7.11 that "there shall
be maintained in the City Treasury a classification of Funds which shall provide for a
General Fund for the payment of such expenses of the City as the Council may deem
proper, and such other funds as may be required by statute, ordinance or resolution."
The General Fund was established to account for all revenues and expenditures which are
not required to be accounted for in other funds. It has more diverse revenue sources than
other funds. These revenue sources include property taxes, licenses, permits, fines and
forfeits, intergovernmental, service charges, and investment earnings. The Fund's
resources finance a wide range of functions, including the current operations of general
government, public safety, public works, health and welfare, recreation, and
non-departmental expenditures.
This fund utilizes the modified accrual basis of accountin Revenues are reco nized in
9 9
the accounting period in which they become available and measurable. Expenditures are
recognized in the accounting period in which the related liability is incurred.
1
50
A_1 City of Brooklyn Center
General Fund
COMPARATIVE BALANCE SHEET
December 31, 1999
1999 1998
ASSETS t
Cash and cash equivalents $1,218,275 $1,579,370
Investments 7,117,968 6,868,997
Accounts receivable 66,188 84,320
Delinquent taxes receivable 166,999 147,435
Due from other funds 220,122 120,238
Due from other governments 140,859 37,937
Advance to other funds 105,074 105,074
TOTAL ASSETS $9,035,485 $8,943,371
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable $300,707 $397,316
Accrued salaries payable 374,450 321,940
Accrued vacation and sick pay 634,389 602,396
Deferred revenue delinquent taxes 166,999 147,435
Deferred revenue tax abatements 250,233 136,284
Totai Liabilities 1,726,778 1,605,371
Fund Balance:
Reserved for advances to other funds 105,074 105,074
Unreserved fund balance
Designated:
Working capital 5,937,168 5,712,691
Appropriated fo next budget 13,535
Undesignated 1,266,465 1,506,700
Total Fund Balance 7,308,707 7,338,000
TOT UND BALANCE 9
AL LIABILITIES AND F ,035,485 $8,943,371
51
A-2
City of Brooklyn Center
General Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES 1N FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Property taxes $8,214,083 $8,333,440 $119,357 $7,980,066
Property tax abatements reserve (113,949) (113,949) (30,322)
Licenses and permits 418,628 763,960 345,332 549,067
Intergovernmental 3,894,372 3,911,480 17,108 3,875,392
Charges for services 862,206 739,054 (123,152) 771,614
Court fines 204,000 205,460 1,460 193,688
Investment earnings 280,000 346,382 66,382 377,826
Change in fair value of investments (158,708) (158,708) 35,118
Miscelianeous 12,000 6,679 (5,321) 12,375
Total Revenues 13,885,289 14,033,798 148,509 13,764,824
Expenditures
General government 2,357,773 2,257,957 (99,816) 2,133,829
Public safety 5,433,832 5,336,622 (97,210) 5,137,108
Publicworks 2,016,754 1,904,205 (112,549) 1,955,108
Community services 84,910 83,295 (1,615) 73,066
Parks and recreation 2,232,090 2,132,511 (99,579) 2,075,180
Economic development 385,250 383,927 (1,323) 313,792
Non departmental 534,653 343,925 (190,728) 312,625
Administrative Services Reimbursement (737,487) (670,390) 67,097 (731,737)
Total Expenditures 12,307,775 11,772,052 (535,723) 11,268,971
Excess or Deficiency of
Revenues Over Expenditures 1,577,514 2,261,746 684,232 2,495,853
Other Financina Sources or Uses (-1
Operating transfers out (1,591,049) (1,591,039) 10 (1,427,001)
Total Other Financing
Sources or Uses (1,591,049) (1,591,039) 10 (1,427,001)
Excess or Deficiency of Revenues
and Other Financing Sources Over
Expenditures and Other Financing Uses (13,535) 670,707 684,242 1,068,852
Fund Balance January 1 7,338,000 7,338,000 6,619,148
Equity Transfers Out (700,000) (700,000) (350,000)
Fund Balance December 31 $7,324,465 $7,308,707 ($15,758) $7,338,000
52
S-1
(Continued next page)
City of Brooklyn Center
General Fund
SCHEDULE OF REVENUES AND OTHER FINANC(NG SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Ad Valorem Taxes
Gross property taxes $7,404,933 $7,525,118 $120,185 $7,328,286
Penalties and interest (1,994) (1,994) {10,524)
Lodging tax 808,150 808,266 116 660,613
Speciai assessments 1,000 2,050 1,050 1,691
Total Taxes 8,214,083 8,333,440 119,357 7,980,066
Reserve for Propertv Tax Abatements
Tax abatements under litigation (113,949) (113,949) (30,322)
Total Property Tax Abatements (113,949) (113,949) (30,322)
Licenses and Permits
Liquor and beer 142,358 108,135 (34,223) 103,063
Building permits 150,000 482,144 332,144 280,851
Mechanical permits 30,000 58,365 28,365 46,563
Sewer and water permits 1,000 1,741 741 995
Plumbing permits 18,000 45,743 27,743 29,508
Garbage licenses 3,225 2,845 (380) 3,060
Taxicab licenses 2,700 175 (2,525) 625
Mechanical iicenses 4,500 4,154 (346) 5,102
Pawn shop licenses 8,000 12,750 �4,750 12,100
Service station licenses 2,995 3,933 938 2,770
Vehicle dealer licenses 1,575 1,575 1,400
Bowling licenses 700 720 20 1,970
Cigarette licenses 3,900 3,825 (75) 3,417
Sign permits 2,500 2,925 425 3,152
Rental dwelling permits 28,215 19,182 (9,033) 38,209
Amusernent licenses 8,960 7,432 (1,528) 7,495
Dog licenses 8,000 5,836 (2,164) 5,909
Misceilaneous business license 2,000 2,480 480 2,878
Total Licenses and Permits 418,628 763,960 345,332 549,067
Interaovernmental
Federal grants:
Miscellaneous grants 5,000 5,351 351 5,208
Total Federai Grants $5,000 $5,351 $351 $5,208
53
-1
S
(Continued from prior page)
t City of Brooklyn Center
General Fund
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actuai
I nteraovern mental lcontinuedl
State grants:
Local govemment aid $2,069,744 $2,069,744 $2,012,749
Local performance aid 34,529 34,529 37,778
Homestead credit aid 1,307,465 1,307,465 1,308,965
Police pension aid 241,400 248,748 $7,348 260,931
PERA aid 34,365 34,365 34,365
Fireperson pension aid 84,619 89,484 4,865 87,036
Police training 13,700 14,156 456 13,293
E-911 phone service 12,750 17,019 4,269 15,606
Street maintenance aid 90,000 90,000 90,000
Miscellaneous grants 800 619 (181) 9,461
Total State Grants 3,889,372 3,906,129 16,757 3,870,184
Total intergovemmental 3,894,372 3,911,480 17,108 3,875,392
Charaes for Services
t General govemment charges 23,000 28,058 5,058 31,804
Public safety charges 23,050 41,864 18,814 31,980
Recreation fees 816,156 669,132 (147,024) 707,830
Total Charges for Services 862,206 739,054 (123,152) 771,614
Court Fines
Fines 204,000 205,460 1,460 193,688
Total Court Fines 204,000 205,460 1,460 193,688
Miscellaneous
Interest on investments 280,000 346,382 66,382 377,826
Change in fair value of investments (158,708) (958,708) 35,118
Other 12,000 6,679 (5,321) 12,375
Total Miscellaneous 292,000 194,353 (97,647) 425,319
Total Revenues $13,885,289 $14,033,798 $148,509 $13,764,824
S4
S-2
City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE UF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actuai
General Government
Mayor and Council:
Personal services $40,323 $40,435 $112 $39,337
Supplies 800 1,566 766 725
Services and other charges 79,480 72,731 (6,749) 69,395
Total Mayor and Council 120,603 114,732 (5,871) 109,457
Administrative Office:
Personal services 344,659 337,409 (7,250) 311,846
Supplies 1,700 4,054 2,354 4,651
Services and other charges 80,150 77,576 (2,574) 89,432
Capital outlay 2,000 1,934 (66) 5,435
Total Administrative Office 428,509 420,973 (7,536) 411,364
Elections and Voter Registration:
Personal seroices 50,066 44,271 (5,795) 47,8�3
Supplies 900 (900) 941
Services and other charges 6,200 623 (5,577) 4,876
Total Elections and Voter Registration 57,166 44,894 (12,272) 53,620
Assessor's Office:
Personal services 219,556 209,435 (10,121) 205,157
Supplies 2,500 2,416 (84) 4,605
Services and other charges 34,664 30,329 (4,335) 29,382
Capital outlay 5,900 6,167 267 2,866
Total Assessor's Office 262,620 248,347 (14,273) 242,010
Finance:
Personal services 393,879 368,311 (25,568) 376,102
Supplies 6,100 6,020 (80) 4,332
Services and other charges 8,295 6,833 (1,462) 6,309
Capital outlay 6,500 5,111 (1,389) 12,043
Total Finance 414,774 386,275 (28,499) 398,786
Legal:
Services and other charges 268,900 268,388 (512) 188,756
Total Legal 268,900 268,388 (512) 188,756
Government Buildings:
Personal services 214,871 192,470 (22,401) 183,791
Supplies 65,650 74,567 8,917 59,074
Services and other charges 286,224 271,942 (14,282) 261,692
Capital outlay 10,450 23,929 13,479 7,982
Total Government Buildings $577,195 $562,908 ($14,287) $512,539
55
S
City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actuai
General Government (continued)
Data Processing:
Personal services $67,383 $58,387 ($8,996) $59,436
Supplies 10,000 7,692 (2,308) 9,325
Services and other charges 130,323 128,858 (1,465) 121,788
Capital outlay 20,300 16,503 (3,797) 26,748
Totai Data Processing 228,006 211,440 (16,566) 217,297
Total General Government 2,357,773 2,257,957 (99,816) 2,133,829
Public Safetv
Police Protection:
Personal services 3,644,892 3,584,414 (60,478) 3,437,383
Supplies 67,823 65,959 (1,864) 72,336
Services and other charges 669,995 647,662 (22,333) 588,678
Capital outiay 27,450 27,686 236 32,742
Total Police Protection 4,410,160 4,325,721 (84,439) 4,131,139
Fire Protection:
Personal services 371,541 360,714 (10,827) 344,436
Supplies 35,300 33,649 (1,651) 34,773
Services and other charges 147,761 147,816 55 192,372
Capital outlay 43,000 54,642 11,642 43,639
Total Fire Protection 597,602 596,821 (781) 615,220
Protective Inspection:
Personal services 327,528 333,041 5,513 318,011
Supplies 4,200 3,249 (951) 2,495
Services and other charges 39,658 27,779 (11,879) 26,100
Capital outlay 7,500 7,500
Total Protective Inspection 378,886 371,569 (7,317) 346,606
Emergency Preparedness:
Personal services 38,165 32,587 (5,578) 35,292
Supplies 1,500 937 (563) 1,385
Services and other charges 7,519 8,987 1,468 7,466
Total Emergency Preparedness 47,184 42,511 (4,673) 44,143
Total Public Safety $5,433,832 $5,336,622 ($97,210) $5,137,108
1
S6
S-2
City of Brooklyn Center (Continued neut page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actuai
Public Works
Engineering Department:
Personal services $583,767 $578,709 ($5,058) $541,017
Supplies 5,150 4,932 (218) 4,801
Services and other charges 27,180 21,674 (5,506) 31,688
Capital outlay 17,700 16,955 (745) 10,207
Total Engineering Department 633,797 622,270 (11,527) 587,713
Street Department:
Personal services 584,921 558,924 (25,997) 599,138
Supplies 168,450 132,860 (35,590) 128,181
Services and other charges 560,006 500,322 (59,684) 637,300
Capital outlay 69,580 89,829 20,249 2,776
Total Street Department 1,382,957 1,281,935 (101,022) 1,367,395
Total Public Works 2,016,754 1,904,205 (112,549) 1,955,108
Communitv Services
Social Services
Service and other charges 84,910 83,295 (1,615) 73,066
Total Community Services 84,910 83,295 (1,615) 73,066
Parks and Recreation
Administration:
Personal services 367,216 371,701 4,485 358,500
Supplies 16,600 12,856 (3,744) 16,528
Services and other charges 52,650 43,947 (8,703) 62,312
Capital outlay 21,400 21,924 524
Total Administration 457,866 450,428 (7,438) 437,340
Adult Programs:
Persona� services 81,270 74,065 (7,205) 91,711
Supplies 26,415 28,182 1,767 25,557
Services and other charges 126,538 107,143 (19,395) 108,862
Total Adult Programs 234,223 209,390 (24,833) 226,130
Teen Programs:
Personal services 12,327 2,977 (9,350) 5,950
Supplies 1,450 58 (1,392) 1,206
Services and other charges 4,300 1,308 (2,992) 2,634
Total Teen Programs $18,077 $4,343 ($13,734) $9,790
57
S-2
City of Brooklyn Center (Continued next page)
t General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Parks and Recreation (continuedl
Children's Programs:
Personal services $93,837 $82,818 ($11,019) $87,022
Supplies 8,950 13,170 4,220 10,194
Services and other charges 5,305 5,869 564 4,932
Total Children's Programs 108,092 101,857 (6,235) 102,148
General Programs:
Personal services 22,106 23,053 947 22,938
Supplies 200 4 (196) 49
Services and other charges 32,782 31,198 (1,584) 27,649
Total General Programs 55,088 54,255 (833) 50,636
Community Center:
Personal services 391,579 374,111 (17,468) 365,912
Supplies 48,000 50,603 2,603 19,114
Services and other charges 54,687 53,331 (1,356) 80,572
Capital outlay 4,887 4,887
Total Community Center 494,266 482,932 (11,334) 465,598
Park Maintenance:
Personal services 531,772 504,118 (27,654) 482,562
Supplies 61,250 47,986 (13,264) 53,859
Services and other charges 240,256 242,612 2,356 209,025
Capital outlay 31,200 34,590 3,390 38,092
Total Park Maintenance 864,478 829,306 (35,172) 783,538
Total Parks and Recreation 2,232,090 2,132,511 (99,579) 2,075,180
Economic Develoament
Convention Bureau:
Services and other charges 385,250 383,927 (1,323) 313,792
Total Economic Development 385,250 383,927 (1,323) 313,792
Nondeoartmental
Expenditures not Charged to
Departments:
Personal services 47,654 40,986 (6,668) 2,883
Supplies 27,000 26,276 (724) 27,852
Services and other charges 439,999 258,840 (181,159) 277,336
Capital outlay 20,000 17,823 (2,177) 4,554
Total Nondepartmental $534,653 $343,925 ($190,728) $312,625
S8
S-2
City of Brooklyn Center (Continued from prior page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Administrative Service Reimbursement
Charged to other funds ($737,487) ($670,390) $67,097 ($731,737)
Total Administrative Service Reimbursement (737,487) (670,39�) 67,097 (731,737) t
Other Financma Uses
Operating transfers out:
Special Assessment Construction Fund 424,917 424,917 394,197
Earle Brown Heritage Center Fund 4,358 4,357 (1)
Employee Retirement Fund 120,000 120,000
Special Assessment Bonds Debt Service Fund 262,279 262,274 (5) 257,270
Police Fire Building Debt Service Fund 779,495 779,491 (4) 775,534
Total Other Financing Uses 1,591,049 1,591,039 (10) 1,427,001
Total Expenditures and Other Financing Uses $13,898,824 $13,363,091 ($535,733) $12,695,972
59
City of Brooklyn Center, Minnesota
1
SPECIAL REVENUE FUNDS
The Special Revenue Funds are established to account for revenues derived from tax
es and/or other specific
revenue sources. These resources are usually restricted by statute, City Charter or ordinance to finance specific
City functions or activities.
This fund type utilizes the modified accrual basis of accounting. Revenues are recognized in the accounting
period in which they become available and measurable. Expenditures are recognized in the accounting period
in which the related liability is incurred.
Housina and Redevelooment Authoritv Fund (H.R.A.I; This fund has authority to levy an ad valorem property tax
for the purpose of conducting housing and redevelopment projects. These projects are now done in the E.D.A.
Fund and all tax proceeds are transferred to that fund.
Economic Develonment Authoritv Fund (E.D.A.1: This fund was established to account for the Economic
DevelopmentAuthority (E.D.A.) of Brooklyn Center. The E.D.A. carries out activities which previously were done
by the H.R.A., plus it has authority to operate an enterprise. The Earle Brown Heritage Center operates under this
authority and a statement of its operations can be found in the enterprise fund section of this report. The E.D.A.
also does redevelopment and housing projects, funded by an ad valorem property tax levy, and transfers from the
C.D.B.G.and H.R.A.funds.
Earle Brown Farm Tax Increment Financina District Fund: This fund has the authority to collect tax increments
which are used for the historic restoration of the Earle Brown Farm and for debt service payments of bonds which
also were issued for that purpose.
Tax Increment Districts No. 3 and No. 4 Funcis: These funds have the authority to collect tax increments which
are used for various redevelopment projects within the City and for debt service payments of bonds which also
were issued for that purpose.
Police Drua Forfeiture Fund: This fund was established to account for property and/or cash seized by police
personnel.
Communitv Develonment Bl�ck Grant Fund �C.D.B.G.1; The fund was established to account for funds received
under Title I of the Housing and Community Development Act of 1974. Transfers are made from this fund to the
Economic Development Authority Fund where accounting for project costs takes place.
Citv Initiatives Grant Fund: Revenues and expenditures from grants received from other entities are accounted
for in this fund. Grant programs for 1999 include several public safety grants, an after school enrichment
recreation grant and a local planning assistance grant.
t
60
City of Brooklyn Center
Special Revenue Funds
COMBINING BALANCE SHEET
December 31, 1999
1
Economic Earie Brown Tax
Development Tax incr. Increment
Authority Financing District
Fund District No.3
ASSETS
Cash and cash equivalents $309,264 $9,597 $165,087
Investments 1,803,505 55,964 962,724
Accounts receivable 12,188
Delinquent taxes receivable 7,481
Due from other funds 56,213 30,006
Due from other governments
TOTAL ASSETS $2,188,651 $65,561 $1,157,817
LIABILITIES AND FUND BALANCES (DEFICITSI I
Liabilities:
Accounts payable $17,518 $23,846 $17,783
Due to other funds
Accrued salaries payable 6,584
Accrued vacation and sick pay 18,390
Advances from other funds 698,143
Deferred revenue 7,481
Total Liabilities 49,973 721,989 17,783
Fund Balances {Deficits):
Reserved:
Bond proceeds 977,619
Unreserved 1,161,059 (656,428) 1,140,034
Total Fund Balances (Deficits) 2,138,678 (656,428) 1,140,034
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS) $2,188,651 $65,561 $1,157,817
61
B-1
1
Tax
increment Police Drug City
District Forfeiture initiatives Totals
No. 4 Fund Grant Fund 1999 1998
$3,798 $10,024 $497,770 $657,742
22,147 58,459 2,902,799 2,871,342
12,188 32,467
7,481 6,359
86,219 214,891
1, 991 1, 991 174, 866
$0 $25,945 $70,474 $3,508,448 $3,957,667
$226 $63 $59,436 $102,542
17,236 17,236 171,573
6, 584 4, 849
18,390 21,904
698,143 698,143
7,481 6,359
17,462 63 807,270 1,005,370
977,619 2,481,353
(17,462) $25,945 70,411 1,723,559 470,944
(17,462) 25,945 70,411 2,701,178 2,952,297
$0 $25,945 $70,474 $3,508,448 $3,957,667
62
City of Brooklyn Center
Special Revenue Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
For the Year Ended December 31, 1999
Housing
and Economic Earle Brown Tax
Redevelopment Development Tax Increment increment
Authority Authority Financing District
Fund Fund District No.3
Revenues
Property taxes $137,711 $193,489 $1,337,190 $1,565,400
Intergovernmental 18,304 1,454,756
Investment earnings 140,557 17,862 37,832
Change in fair value of investments (73,789) (8,145) (14,174)
Sale of property 2,411,987
Miscellaneous 87,148
Total Revenues 156,015 4,214,148 1,346,907 1,589,058
Expenditures
Personal services 172,309
Supplies 583
Services and other charges 1,821,775 1,898 266,950
Capital outlay 3,512,952
Interest
Total Expenditures 5,507,619 1,898 266,950
Excess or Deficiency of Revenues
Over Expenditures 156,015 (1,293,471) 1,345,009 1,322,108
Other Financinp Sources or Uses(-)
Operating transfers in 233,751
Operating transfers out (156,015) (1,330,000) (550,000)
Total Other Financing Sources or Uses(-) (156,015) 233,751 (1,330,000) (550,000)
Excess or Deficiency of Revenues and Other
Financing Sources Over Expenditures and
Other Financing Uses (1,059,720) 15,009 772,108
Fund Balances (Deficits) January 1 3,198,398 (671,437) 367,926 t
Fund Balances (Deficits) December 31 $0 $2,138,678 ($656,428) $1,140,034
63
1
B-2
Tax Police City
Increment Drug Community Initiatives
District Forfeiture Development Grant Totals
No. 4 Fund Block Grant Fund 1999 1998
$3,233,790 $2,237,671
$77,736 $112,852 1,663,648 359,393
$1,714 2,908 200,873 257,154
(634) (714) (97,456) 23,773
2,411,987 221,040
20,008 33,211 140,367 54,305
21,088 77,736 148,257 7,553,209 3,153,336
13,935 186,244 224,397
8,788 294 9,665 2,184
$17,125 2,574 95,612 2,205,934 473,806
9,196 3, 522,148 321, 252
337 337 1, 393
17,462 20,558 109,841 5,924,328 1,023,032
(17,462) 530 77,736 38,416 1,628,881 2,130,304
233,751 294,197
(77,736) (2,113,751) (2,644,197)
(77,736) (1,880,000) (2,350,000)
(17,462) 530 38,416 (251,119) (219,696)
25,415 31,995 2,952,297 3,171,993
($17,462) $25,945 $0 $70,411 $2,701,178 $2,952,297
1 64
B=3
City of Brooklyn Center
Housing and Redevelopment Authority Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Property taxes $134,496 $137,711 $3,215 $104,294
Intergovernmental 18,304 18,304 18,330
Totai Revenues 152,800 156,015 3,215 122,624
Other Financina Uses
Operating transfers out (152,800) (156,015) (3,215) (122,624)
Excess or Deficiency of
Revenues Over Other Financing Uses
Fund Balance January 1
Fund Balance December 31 $0 $0 $0 $0
1
1
65
B_4
City of Brooklyn Center
Economic Development Authority Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Property taxes $189,051 $193,489 $4,438 $171,088
Intergovernmental 1,460,000 1,454,756 (5,244)
Investment earnings 150,000 140,557 (9,443) 205,426
Change in fairvalue of invesfinents (73,789) (73,789) 19,094
Sale of property 2,420,000 2,411,987 (8,013) 221,040
Miscellaneous 24,000 87,148 63,148 37,603
Total Revenues 4,243,051 4,214,148 (28,903) 654,251
Expenditures
Personal services 177,892 172,309 (5,583) 174,785
Supplies 1,900 583 (1,317) 131
Services and other charges 2,036,318 1,821,775 (214,543) 262,360
Capital outlays 3,900,550 3,512,952 (387,598) 266,619
Total Expenditures 6,116,660 5,507,619 (609,041) 703,895
Excess or Deficiency of
Revenues Over Expenditures (1,873,609) (1,293,471) 580,138 (49,644)
Other Financina Sources
Operating transfers in 1,873,609 233,751 (1,639,858) 294,197
Operating transfers out (500,000)
Total Other Financing Sources 1,873,609 233,751 (1,639,858) (205,803)
Excess or Deficiency of
Revenues and Other Financing Sources
Over Expenditures (1,059,720) (1,059,720) (255,447)
Fund Balance January 1 3,198,398 3,198,398 3,453,845
Fund Balance December 31 $3,198,398 $2,138,678 ($1,059,720) $3,198,398
66
B=5
City of Brooklyn Center
Earle Brown Farm Tax Increment District Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Property taxes $1,226,212 $1,337,190 $110,978 $1,145,815
investment earnings 17,862 17,862 23,611
Change in fairvalue of investments (8,145) (8,145) 2,195
Total Revenues 1,226,212 1,346,907 120,695 1,171,621 t
Exnenditures
Senrices and other charges 2,000 1,898 (102) 3,184
Total Expenditures 2,000 1,898 (102) 3,184
1
Excess or Deficiency of
Revenues Over Expenditures 1,224,212 1,345,009 120,797 1,168,437
Other Financina Uses (-1
Operating transfers out (1,330,000) (1,330,000) (1,280,000)
Total Other Financing Uses (1,330,000) (1,330,000) (1,280,000)
1
Excess or Deficiency of
Revenues Over Expenditures
and Other Financing Uses (105,788) 15,009 120,797 (111,563)
Fund Balance (Deficit) January 1 (671,437) (671,437) (559,874)
Fund Balance (Deficit) December 31 ($777,225) ($656,428) $120,797 ($671,437)
67
1
B
City of Brooklyn Center
Tax Increment District No. 3 Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actuai Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Property taxes $1,308,002 $1,565,400 $257,398 $816,474
Investment earnings 37,832 37,832 23,818
Change in fair value of investments (14,174) (14,174) 2,214
Total Revenues 1,308,002 1,589,058 281,056 842,506
Expenditures
Services and other charges 209,801 266,950 57,149 139,270
Total Expenditures 209,801 266,950 57,149 139,270
t Excess or Deficiency of
Revenues Over Expenditures 1,098,201 1,322,108 223,907 703,236
Other Financina Uses
Operating transfers out (550,000) (550,000) (570,000)
Total Other Financing Uses (550,000) (550,000) (570,000)
Excess or Deficiency of
Revenues Over Expenditures
and Other Financing Uses 548,201 772,108 223,907 133,236
Fund Salance January 1 367,926 367,926 234,690
Fund Balance December 31 $916,127 $1,140,034 $223,907 $367,926
68
1
B_7
City of Brookiyn Center
Tax Increment District No. 4 Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Property taxes
Investment earnings
Change in fair value of investments
Total Revenues
Expenditures
Services and other charges $17,125 $17,125
Interest 337 337
Total Expenditures 17,462 17,462
Excess or Deficiency of
Revenues Over Expenditures (17,462) (17,462)
Fund 8alance January 1
Fund Balance December 31 ($17,462) ($17,462)
1
1
1
69
1
B
City of Brooklyn Center
Police Drug Forfeiture Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Forfeited drug money $20,008 $20,008 $14,307
Investment earnings 1,714 1,714 945
Change in fair value of investments (634) (634) 88
Total Revenues 21,088 21,088 15,340
Expenditures
Supplies 8,788 8,788
Services and other charges 2,574 2,574
Capital outlays 9,196 9,196
Total Expenditures 20,558 20,558
Excess or Deficiency of
Revenues Over Expenditures 530 530 15,340
Fund Balance January 1 $25,415 25,415 10,075
Equity Transfer In
Fund Balance December 31 $25,415 $25,945 $530 $25,415
1
1
1
1
70
B
City of Brooklyn Center
Community Development Block Grant Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actuai Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
IntergovernmentaL
Federal Grants $240,809 $77,736 ($163,073) $171,573
Total Revenues 240,809 77,736 (163,073) 171,573
Other Financinq Uses
Operating transfers out (240,809) (77,736) 163,073 (171,573)
Excess or Deficiency of
Revenues Over Other Financing Uses
Fund Balance January 1
Fund Balance December 31 $0 $0 $0 $0
1
1
1
1
1
71
B-10
City of Brooklyn Center
City Initiatives Grant Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1999
1999
Actual Over
or Under(-) 1998
Budget Actual Budget Actual
Revenues
Intergovernmental $112,852 $112,852 $169,490
Investment earnings 2,908 2,908 3,354
Change in fair value of investments (714) (714) 182
Miscellaneous 33,211 33,211 2,395
Total Revenues 148,257 148,257 175,421
Expenditures
Personal services 13,935 13,935 49,612
t Supplies 294 294 2,053
Services and other charges 95,612 95,612 68,992
Capital outlays 54,633
1, 393
Total Expenditures 109,841 109,841 176,683
1
Excess or Deficiency of
Revenues over Expenditures 38,416 38,416 (1,262)
Fund Balance January 1 $31,995 31,995 33,257
Fund Balance December 31 $31,995 $70,411 $38,416 $31,995
72
City of Brooklyn Center, Minnesota
DEBT SERVICE FUNDS
The Debt Service Funds were established to account for the accumulation of resources for,
and the payment of principal and interest on long-term general obligation debt other than
revenue bonds and the City's liability for compensated absences.
This fund type utilizes the modified accrual basis of accounting. Revenues are reco nized in
9
the accounting period in which they become available and measurable. Expenditures are
recognized in the accounting period in which the principal and interest are due.
The City's Debt Service Funds included in this section are:
General Obliaation Bonds F�and: This fund is used a
to ccount for the accumulation of
resources for payment of general obligation bonds and interest thereon.
Tax Increment Bonds Fund: This fu
nd is used to account for the accumulation of resources
for payment of tax increment general obligation bonds and interest thereon. These bonds
were sold to finance the purchase and redevelopment of the historic Earle Brown Farm and
other various redevelopment projects within the City.
Snecial Assessment Bonds Fund: This fund is used to account for the accumulation of
resources for the payment of special assessment bonds. These bonds were sold to finance
certain public improvements such as residential streets and storm sewers or the provision of
services which are to be paid for wholly or in part from special assessments levied against
benefited property.
73
C 1 City of Brooklyn Center
Debt Service Funds
COMBINING BALANCE SHEET
December 31, 1999
Generai Tax Speciaf
Obiigation increment Assessment Totals
Bonds Bonds Bonds 1999 1998
ASSETS
Cash and cash equivalents $2,146,691 $1,642,308 $755,920 $4,544,919 $4,254,687
Investments 129,979 273,395 719,987 1,123,361 834,584
Special assessments receivable:
Deferred 3,452,530 3,452,530 2,471,774
Delinquent 18,654 18,654 10,007
Due from other funds 26,013
TOTALASSETS $2,276,670 $1,915,703 $4,947,091 $9,139,464 $7,597,065
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $62 $750 $827 $1,639 $1,625
Deferred revenue 3,471,184 3,471,184 2,481,781
Total Liabilities 62 750 3,472,011 3,472,823 2,483,406
Fund Balances:
Reserved for debt service 2,276,608 1,914,953 1,475,080 5,666,641 5,113,659
Total Fund Balances 2,276,608 1,914,953 1,475,080 5,666,641 5,113,659
TOTAL LIABILITIES AND
FUND BALANCES $2,276,670 $1,915,703 $4,947,091 $9,139,464 $7,597,065
74
C=2
City of Brooklyn Center
Debt Service Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1999
General Tax Speciai
Obligation Increment Assessment Totais
Bonds Bonds Bonds 1999 1998
Revenues
Special assessments $690,538 $690,538 $537,698
intergovernmental $308,310 308,310 308,878
Investment earnings 58,777 $22,129 56,605 137,511 53,428
Change in fair value of investments (4,288) (9,967) (18,343) (32,598) 4,259
Total Revenues 362,799 12,162 728,800 1,103,761 904,263
Expenditures
Principal 515,000 1,165,000 405,000 2,085,000 1,285,000
In#erest 521,592 662,232 189,790 1,373,614 1,244,923
Fiscal agent fees 1,818 1,743 10,369 13,930 8,122
Bond issuance costs 32,415
Total Expenditures 1,038,410 1,828,975 605,159 3,472,544 2,570,460
Excess or Deficiency of Revenues
Over Expenditures (675,611) (1,816,813) 123,641 (2,368,783) (1,666,197)
Other Financina Sources or Uses
Proceeds from sale of bonds 1,588,254
Operating transfers in 779,491 1,880,000 262,274 2,921,765 2,882,804
Total Other Financing Sources
or Uses 779,491 1,880,000 262,274 2,921,765 4,471,058
Excess or Deficiency of Revenues and
Other Sources Over Expenditures
and Other Uses 103,880 63,187 385,915 552,982 2,804,861
Fund Balances January 1 2,172,728 1,851,766 1,089,165 5,113,659 2,239,528
Equity Transfer In (Out) 69,270
Fund Balances December 31 $2,276,608 $1,914,953 $1,475,080 $5,666,641 $5,113,659
1
75
City ofi Brookiyn Center, Minnesota
I CAPITAL PROJECTS FUNDS
The Capital Projects Funds are established to account for all resources used for the
construction or acquisition of capital facilities by the City except those financed by Enterprise
Funds.
This fund type utilizes the modified accrual basis of accounting. Revenues are recognized in
the accounting period in which they become availabfe and measurable. Expenditures are
recognized in the accounting period in which the related liability is incurred.
The City's Capital Projects Funds included in this section are:
Canital Reserve Emeraencv Fund: This fund was established in 1997 to account for monies
held in reserve for catastrophic losses.
Caqital Imnrovements Fund: This fund was established in 1968 to provide funds, and to
account for the expenditure of such funds, for major capital outlays including, but not be limited
to, construction or acquisition of ma�or permanent facilities having a relatively long life; and/or
to reduce debt incurred for capital outlays. The financing sources of the fund include ad
valorem taxation, transfers from other Funds, issuance of bonds, federal and state grants, and
investment earnings.
Municinal State Aid for Construction Fund: This fund was established to account for the state
allotment of gasoline tax collections used for transportation related construction projects.
Snecial Assessment Construction Fund: This fund was established to account for the
resources and expenditures required for the acquisition and construction of capital facilities
or improvements financed wholly or in part by special assessments levied against benefitted
properties.
1
76
D 1 City of Brooklyn Center
Capital Projects Funds
COMBINING BALANCE SHEET
December 31, 1999
Municipal
Capital State Aid Special
Reserve Capital for Assessment Totals
Emergency Improvements Construction Construction
Fund Fund Fund Fund 1999 1998
ASSETS
Cash and cash equivalents $166,718 $725,940 $273,639 $241,564 $1,407,861 $2,557,518
Investments 972,231 4,233,388 1,595,749 1,408,706 8,210,074 11,164,714
Accounts receivable 2,062 2,062 3,490
Special assessments:
Deferred 392,727 392,727 510,077
Delinquent 87,817 87,817 101,942
Due from other funds 30,303 131,948 49,737 43,907 255,895 195,431 t
Due from other governments 364,251 364,251 150,569
Advance to otherfunds 1,076,343 593,069 1,669,412 1,749,382
TOTALASSETS $1,169,252 $6,167,619 $2,876,445 $2,176,783 $12,390,099 $16,433,123
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $758,268 $2,883 $69,317 $830,468 $517,529
Contracts payable 68,087 6,312 80,935 155,334 248,016
Accrued salaries and wages 162 5,346 5,508 3,115
Deferred revenue 364,251 480,544 844,795 749,745
Total Liabilities 826,355 373,608 636,142 1,836,105 1,518,405
Fund 8alances:
Reserved:
Advances to other funds 1,076,343 593,069 1,669,412 1,749,381
Bond proceeds 5,937,869
Unreserved $1,169,252 4,264,921 1,909,768 1,540,641 8,884,582 7,227,468
Total Fund Balances 1,169,252 5,341,264 2,502,837 1,540,641 10,553,994 14,914,718
TOTAL LIABILITIES AND
FUND BALANCES $1,169,252 $6,167,619 $2,876,445 $2,176,783 $12,390,099 $16,433,123
77
D-2
City of Brooklyn Center
Capital Projects Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1999
Municipal
Capital State Aid Special
Reserve Capital for Assessment
Emergency Improvements Construction Construction Totals
Fund Fund Fund Fund 1999 1998
Revenues
Special assessments $217,306 $217,306 $477,344
Intergovernmental $2,500,000 $218,728 2,718,728 392,680
Investmentearnings $64,867 266,820 121,417 49,624 502,728 897,991
Change in fair value of
investments (28,728) (177,721) (56,537) (25,867) (288,853) 83,030
Sale of property 77,157
Miscellaneous 21,004 21,004 74,136
Total Revenues 36,139 2,610,103 283,608 241,063 3,170,913 2,002,338
Expenditures
Personal services 11,726 11,359 214,776 237,861 228,765
Supplies 11,421 448 11,869 16,026
Services and other charges 455,031 206,008 345,134 1,006,173 1,079,332
Capital outlay 7,240,316 287,038 1,533,297 9,060,651 4,808,531
Total Expenditures 7,718,494 504,405 2,093,655 10,316,554 6,132,654
Excess or Deficiency of Revenues
Over Expenditures 36,139 (5,108,391) (220,797) (1,852,592) (7,145,641) (4,130,316)
Other Financina Sources or Uses(-)
Proceeds from sale of bonds 1,585,000 1,585,000 1,081,746
Operating transfers in 75,000 424,917 499,917 469,197
Total Other Financing Sources
or Uses 75,000 2,009,917 2,084,917 1,550,943
Excess or Deficiency of Revenues
and Other Financing Sources
Over Expenditures and
Other Financing Uses 36,139 (5,033,391) (220,797) 157,325 (5,060,724) (2,579,373)
Fund Balances January 1 1,133,113 9,899,655 2,723,634 1,158,316 14,914,718 17,213,361
Equity Transfers In 475,000 225,000 700,000 350,000
Equity Transfers (Out) (69,270)
Fund Balances December31 $1,169,252 $5,341,264 $2,502,837 $1,540,641 $10,553,994 $14,914,718
7$
S-3
City of Brookiyn Center
Capital Improvements Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1999
Project (Over) Under
1999 to Date Expended
Project Appropriations Expenditures Expenditures Appropriations
Central garage improvements $1,234,311 $26,740 $1,273,607 ($39,296)
Civic Center Addition 239,960 62,751 62,751 177,209
East fire station project 1,106,000 696,879 953,440 152,560
West fire station project 2,539,000 2,130,897 2,755,180 (216,180)
Police station project 4,345,000 3,227,497 4,717,536 (372,536)
Telephone system 182,465 (537) 206,879 (24,414)
E. B. Heritage Center 2,500,000 1,330,799 2,453,594 46,406
Central Park improvement 90,000 125,778 129,915 (39,915)
Park Improvements 105,600 49,341 49,341 56,259
Park shelter renovations 28,654 36,522 138,455 (109,801)
Lions Park improvements 30,200 31,827 31,827 (1,627)
Totals $12,401,190 $7,718,494 $12,772,525 ($371,335)
S-4
City of Brooklyn Center
Municipal State Aid for Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1999
Project (Over) Under
1999 to Date Expended
Project Appropriation Expenditures Expenditures Appropriations
69th Ave., Shingle Creek Pkwy to Dupont Ave. improvement $1,774,882 $4,856 $1,692,411 $82,471
69th Ave. fence painting 25,000 14,115 14,115 10,885
Brooklyn Boulevard improvements 600,000 105,673 318,053 281,947
John Martin Drive street improvements 46,946 64 45,973 973
Landscape nodes upgrades 48,963 470 44,991 3,972
o MAC Park Nature Trail 6,250 6,505 6,505 (255)
Signal lamp replacement program 81,289 5,855 81,289 0
53rd Avenue trail 245,912 195,550 196,971 48,941
Miscellaneous sidewalk retaining wall replacements 54,747 24,360 24,360 30,387
Miscellaneous bituminous repairs 60,000 29,497 29,497 30,503
Paint signal poles 25,000 22,604 22,604 2,396
S.E. Neighborhood improvements 168,983 106,330 106,330 62,653
73rd Avenue improvements 29 29 (29)
Earle Brown Drive improvements 119,398 59,965 59,965 59,433
Bellvue neighborhood improvements 211,537 (71,468) 154,260 57,277
Totals $3,468,907 $504,405 $2,797,353 $671,554
S-5
City of Brooklyn Center
Special Assessment Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1999
Project (Over) Under
1999 to Date Expended
Project Appropriations Expenditures Expenditures Appropriations
Logan, James and Knox Avenues improvements $746,847 $58 $243,661 $503,186
James 67th Avenue overlay 150,968 286 156,855 (5,887)
Orchard Lane West improvements 1,893,194 107,325 1,932,904 (39,710)
Diseased tree removals 28,275 28,182 (28,182)
Reforestation of 1999 improvement projects 52,958 9,773 9,773 43,185 I
Bellvue neighborhood street improvements 995,289 (79,122) 823,772 171,517
St. AI's neighborhood street improvements 391,816 (17,056) 349,484 42,332
68th Avenue and Lee street improvements 196,858 328 197,186 (328)
Southeast neighborhood 1,634,182 1,223,420 1,264,083 370,099
John Martin Drive 129,162 188 131,356 (2,194)
73rd Avenue improvement 2,789 2,789 (2,789)
Garden City improvement 37,000 37,000 (37,000)
Azelia Avenue improvement 76,244 73,590 73,590 2,654
Earle Brown Drive improvement 223,916 223,916 223,916 0
Camden 66th Avenue improvement 548,035 482,885 490,111 57,924
Totals $7,039,469 $2,093,655 $5,964,662 $1,074,807
1
City of Brooklyn Center, Minnesota
ENTERPRISE FUNDS
The Enterprise Funds were established to account for the financing of self-supporting activities
of the City which render services on a user charge basis to the general public.
Revenues and expenses in these funds are recognized on the accrual basis of accounting.
Revenues are recognized in the accounting period in which they are earned and become
objectively measurable. Expenses are recognized in the period incurred, if objectively
measurable.
The City's Enterprise Funds included in this section are:
Municinal Liauor Fund: This fund accounts for the operations of the City's three municipal
off-sale liquor stores.
Golf Course Fund: This fund accounts for operations of Centerbrook Golf Course, a 9 hole,
par 3 course owned by the City.
Earle Brown Heritaae Center Fund: This fund accounts for the operation of a pioneer
farmstead which has been historically preserved and restored as a modern multipurpose
facility. Its convention center can host conferences, trade shows, and concerts seating 1,000
people in either banquet or theater style. The "Inn On The Farm" is a bed and breakfast with
ten rooms available to complement convention activities or be rented individually. Two of the
barns have been restored as unique office settings which have found a niche in the market.
Recvclina and Refuse Fund: This fund accounts for the operation of a state-mandated
recycling program. Expansion into refuse collection will take place only when there is a clear
advantage to be achieved by it.
Water Utilitv Fund: This fund accounts for the provision of water to custom�rs. Administration,
wells, water storage, and distribution are included.
Sanitarv Sewer Fund: This fund accounts for the collection and pumping of sanitary sewage
through a system of sewer lines and lift stations. Sewage is treated by the Metropolitan
Council Environmental Services whose fees represent about 75% of this fund's expenses.
Storm Drainaae Fund: This fund accounts for the operations and improvements of the storm
water drainage system. It incorporates not only the storm sewer system, but also water
structures such as holding ponds and facilities to improve water quality. Fees are based upon
the amount of water running off a property and vary with both size and absorption
characteristics of the parcel.
82
City of Brooklyn Center
Enterprise Funds
COMBINING BALANCE SHEET
December 31, 1999
E. Brown
Municipal Golf Heritage
Liquor Course Center
ASSETS Fund Fund Fund
Current Assets:
Cash and cash equivalents $64,230 $9,733 $4,335
I nvestments 348,321 54,134
Accounts receivable net 2,190 380,114
Accrued revenue
Special assessments receivable:
Deferred
Delinquent
Due from other governments
Inventories 354,788 11,771 33,458
Prepaid expenses 5,848 2,555
Total Current Assets 775,377 75,638 420,462
Fixed Assets:
Mains and lines
Structures 293,531 317,090 11,295,029
Equipment 133,531 28,077 967,442
Land 100,878 1,391,711 1,493,300
Land improvements 12,833 77,450 386,745
540,773 1,814, 328 14,142,516
Less: Accumulated Depreciation 272,885 153,668 3,034,592
Total Net Fixed Assets 267,888 1,660,660 11,107,924
Total Assets $1,043,265 $1,736,298 $11,528,386
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable $100,478 $7,509 $438,058
Contracts payable
Due to other funds 545,000
Accrued salaries payable 14,820 1,928 23,490
Accrued vacation and sick pay 39,759 6,039 22,316
Accrued interest payable
Current portion of long-term debt 26,343 50,000
Total Current Liabilities 181,400 65,476 1,028,864
Long-Term Liabilities:
Advances from other funds 1,000,000
Other long term liabilities
Bonds payable
Total Long-term Liabilities 1,000,000
Fund Equity:
Contributions 643,725 10, 760,155
Retained earnings (Deficits)
Reserved:
Debt service
Special assessments
Unreserved 861,865 27,097 (260,633)
Total Fund Equity 861,865 670,822 10,499,522
Total Liabilities and Fund Equity $1,043,265 $1,736,298 $11,528,386
83
E-1
Recycling Water Sanitary Storm
Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund 1999 1998
$8,501 $413,103 $195,058 $215,983 $910,943 $1,113,731
49,573 2,409,052 1,137,498 24,624 4,023,202 3,840,168
15,174 112,004 180,763 71,359 761,604 623,545
27,347 139,270 321,655 145,827 634,099 614,676
118,794 4,351 33,275 156,420 144,708
13,833 13,833 10,608
14,039 14,039 104,101
41,325 441,342 357,673
116,740 125,143 126,079
100,595 3,247,381 1,970,104 491,068 7,080,625 6,935,289
11,714,420 9,768,706 9,029,388 30,512,514 27,496,552
5,719,320 2,775,467 20,400,437 18,976,575
144,789 192,136 10,098 1,476,073 1,298,709
23,093 3,389 287,158 3,299,529 3,299,529
13,857 10,786 501,671 144,649
17,615,479 12,739,698 9,337,430 56,190,224 51,216,014
4,983,371 2,925,915 243,814 11,614,245 10,634,020
12,632,108 9,813,783 9,093,616, 44,575,979 40,581,994
$100,595 $15,879,489 $11,783,887 $9,584,684 $51,656,604 $47,517,283
$1,�00 $91,386 $59,719 $255,252 $953,402 $582,662
48,383 22,554 14,220 85,157 59,336
545,000 385,000
10,290 3,969 54,497 100,941
t 9,796 5,864 83,774 77,346
26,467 26,467 29,831
180,000 256,343 249,969
1,000 159,855 92,106 475,939 2,004,640 1,485,085
1,000,000 1,076,343
168,906 168,906 225,208
1,050,000 1,050,000 1,230,000
168,906 1,050,000 2,218,906 2,531,551
4,997,510 5,668,426 863,964 22,933,780 21,938,312
239,110 239,110 237,558
132,628 4,351 33,275 170,254 155,316
99,595 10,420,590 6,019,004 6,922,396 24,089,914 21,169,461
99,595 15,550,728 11,691,781 8,058,745 47,433,058 43,500,647
$100,595 $15,879,489 $11,783,887 $9,584,684 $51,656,604 $47,517,283
84
City of Brooklyn Center
Enterprise Funds
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
E. Brown
Municipal Golf Heritage
Liquor Course Center
Fund Fund Fund
Operatina Revenues
Sales and user fees $3,560,613 $355,534 $3,490,692
Cost of sales 2,694,622 31,860 559,005
Gross Margin 865,991 323,674 2,931,687
Operatina Exqenses
Personal services 387,260 145,159 1,902,030
Supplies 16,133 25,703 196,100
Other services 85,923 56,704 539,705
Insurance 8,146 6,877 27,125
Utilities 25,433 13,320 149,679
Rent 69,922 166,250
Depreciation 39,821 13,847 376,209
Total Operating Expenses 632,638 261,610 3,357,098
Operating Income (Loss) 233,353 62,064 (425,411)
Nonoperatina Revenues or Expenses(-)
Investment earnings 18,910 4,270
Change in fair value of investments (7,266) (1,672)
Special assessments
I ntergovernmental
Other revenue 6,620
Interest and fiscal agent fees (2,593) (23,233)
Total Nonoperating 15,671 2,598 (23,233)
Income (Loss) Before Operating Transfers 249,024 64,662 (448,644)
Operating Transfers In (Out) (75,000) 4,357
Net Income (Loss) 174,024 64,662 (444,287)
Depreciation on contributed assets
that reduces contributed capital 318,420
Retained Earnings (Deficits) Jan. 1 687,841 (37,565) (134,766)
Retained Earnings (Deficits) Dec. 31 $861,865 $27,097 ($260,633)
85
E-2
1
1
Recycling Water Sanitary Storm
Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund 1999 1998
$210,764 $1,354,179 $2,384,106 $999,867 $12,355,755 $10,699,781
3,285,487 2,880,024
210,764 1,354,179 2,384,106 999,867 9,070,268 7,819,757
291,786 116,939 99,798 2,942,972 2,613,031
114,297 11,157 363,390 345,593
213,297 291,688 1,618,912 54,945 2,861,174 2,642,884
85 6,406 4,522 1,819 54,980 53,177
109,012 24,618 322,062 315,484
236,172 134,107
356,572 203,019 75,843 1,065,311 911,003
213,382 1,169,761 1,979,167 232,405 7,846,061 7,015,279
(2,618) 184,418 404,939 767,462 1,224,207 804,478
4,189 148,205 85,103 37,999 298,676 267,953
(1,918) (72,990) (38,885) (11,820) (134,551) 24,905
22,415 338 268,722 291,475 22,767
1,092,809 1,092,809 907,191
460 374 7,454 56,688
(65,078) (90,904) (123,502)
2,271 98,090 46,556 1,323,006 1,464,959 1,156,002
(347) 282,508 451,495 2,090,468 2,689,166 1,960,480
(70,643) 425,000
(347) 282,508 451,495 2,090,468 2,618,523 2,385,480
318,420 299,430
99,942 10,270,7�0 5,571,860 5,104,313 21,562,335 18,877,425
$99,595 $10,553,218 $6,023,355 $7,194,781 $24,499,278 $21,562,335
t 86
City of Brooklyn Center
Enterprise Funds
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1999
E. Brown
Municipal Golf Heritage
Liquor Course Center
Cash flows from operatina activities: Fund Fund Fund
Operating income (loss) $233,353 $62,064 ($425,411)
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:
Depreciation 39,821 13,847 376,209
Changes in assets and liabilities:
Receivables 1,596 40 (110,232)
Inventories (46,254) (5,892) (9,688)
Prepaid expenses 3,521 3,291
Payables (14,880) 4,709 231,183
Accrued expenses 7,601 4,001 (55,190)
Accrued interest payable
Other nonoperating income 6,620
Net cash provided by (used for)
operating activities 231,378 78,769 10,162
Cash flows from noncaoital financin4 activities:
Proceeds from borrowings on long term debt
Proceeds from borrowings due to other funds 160,000
Principal repayments on long term debt
Principal repayments on advance (29,969) (50,000)
Interest paid on advance from other funds (2,593)
Interest paid on due to other funds (23,233)
Operating transfers in (out) (75,000) 4,357
Net cash provided by (used for) noncapital
financing activities (107,562) (50,000) 141,124
Cash flows from caoital and related
financina activities:
Capital contributions 1,234,880
Acquisition and construction of capital assets (1,972) (4,358) (1,405,140)
Principal paid on revenue bonds
Interest paid on reve�ue bonds
Nef cash used for capital and related
financing activities (1,972) (4,358) (170,260)
Cash flows from investinq activities:
Investments purchased (205,230) (31,895)
Investments sold or matured 73,033 5,711
Interest on investments 18,910 4,270
Net cash provided by (used for)
investing activities (113,287) (21,914)
Net increase (decrease) in cash and
cash equivalents 8,557 2,497 (18,974)
Cash and cash equivalents at
beginning of the year 55,673 7,236 23,309
Cash and cash equivalents at
end of the year $64,230 $9,733 $4,335
Non cash items:
Change in fair value of investments ($7,266) ($1,672)
$7
E-3
Recycling Water Sanitary Storm
Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund 1999 1998
($2,618) $184,418 $404,939 $767,462 $1,224,207 $804,478
356,572 203,019 75,843 1,065,311 911,003
(931) (56,508) 65,860 17,818 (82,357) 179,620
(21,835) (83,669) (17,292)
(5,876) 936 15,960
(17,882) (54,756) 60,104 188,083 396,561 169,145
2,461 1,144 (33) (40,016) 55,010
(3,364) (3,364) (3,163)
22,875 338 1,361,905 1,391,738 986,646
(21,431) 433,227 729,528 2,407,714 3,869,347 3,101,407
t
225,208
160, 000
(56,302) (56,302)
(79,969) (78,071)
(2,593) (4,691)
(23,233) (45,211)
(70,643) 425,000
(56,302) (72,740) 522,235
1,234,880 1,387, 582
(580,004) (605,891) (2,382,921) (4,980,286) (5,166,863)
(170,000) (170,000) (165,000)
(65,078) (65,078) (73,600)
(580,004) (605,891) (2,617,999) (3,980,484) (4,017,881)
(29,208) (1,419,406) (670,210) (14,509) (2,370,458) (3,552,017)
40,556 1,337,565 439,826 156,180 2,052,871 2,977,393
4,189 148,205 85,103 37,999 298,676 267,953
15,537 66,364 (145,281) 179,670 (18,911) (306,671)
1
(5,894) (136,715) (21,644) (30,615) (202,788) (700,910)
14,395 549,818 216,702 246,598 1,113,731 1,814,641
$8,501 $413,103 $195,058 $215,983 $910,943 $1,113,731
($1,918) ($72,990) ($38,885) ($11,820) ($134,551) $24,905
1
E-4
City of Brooklyn Center
Municipal Liquor Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1999 1998
Sales
Liquor $1,137,459 $1,013,416
Wine 346,560 320,164
Beer 1,852,088 1,670,662
Soft drinks 65,162 58,511
Other merchandise 159,344 137,832
Total Sales 3,560,613 3,200,585
Less: Cost of Sales 2,694,622 2,433,185
Gross Margin 865,991 767,400
Oqeratina Expenses
Personal services 387,260 396,389
Supplies 16,133 11,699
Other services 85,923 54,522
Insurance 8,146 9,679
Utilities 25,433 24,572
Rent 69,922 55,003
Depreciation 39,821 40,787
Total Operating Expenses 632,638 592,651
Operating Income 233 353 174 749
Nonoperatina Revenues or Exnenses(-1
Investment earnings 18,910 12,139
Change in fair value of investments (7,266) 1,128
Other revenue 6,620 8,456
Interest and fiscal agent fees (2,593) (4,691)
Total Nonoperating 15,671 17,032
Operating Transfers to Other Funds 75,000 75,000
Net Income 174,024 116,781
Retained Earnings January 1 687,841 571,060
Retained Earnings December 31 $861,865 $687,841
89
E-5
City of Brooklyn Center
Golf Course Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1999 1998
Operatina Revenues
Green fees $269,653 $218,562
Rentals 12,791 10,402
Leagues 12,125 7,972
Golf lessons 2,918 5,487
Concessions 30,010 25,610
Merchandise 24,691 19,975
Pop machine 1,599 1,232
Misceilaneous 1,747 1,414
Total Operating Revenues 355,534 290,654
Less: Cost of Sales 31,860 36,211
Gross Margin 323,674 254,443
Operatina Exqenses
Personal services 145,159 121,482
Supplies 25,703 18,484
Other services 56,704 49,390
Insurance 6,877 6,280
Utilities 13,320 14,141
Depreciation 13,847 12,697
Total Operating Expenses 261,610 222,474
Operating Income 62,064 31,969
Nonooeratina Revenues or Expensesf-1
Investment earnings 4,270 2,993
Change in fairvalue of investments (1,672) 278
Total Nonoperating 2,598 3,271
Net Income 64,662 35,240
Retained Earnings (Deficit) January 1 (37,565) (72,805)
Retained Earnings (Deficit) December 31 $27,097 ($37,565)
90
E 6 City of Brooklyn Center
Earle Brown Heritage Center Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1999 1998
Operatina Revenues
Conventions $811,202 $667,981
Catering 2,418,368 1,614,577
Inn on the Farm 209,584 226,730
Office Rents 51,538 30,797
Total Operating Revenues 3,490,692 2,540,085
Less: Cost of Sales 559,005 410,628
Gross Margin 2,931,687 2,129,457
Operatina Expenses
Personal services 1,902,030 1,398,512
Supplies 196,100 159,880
Other services 539,705 412,878
Insurance 27,125 24,504
Utilities 149,679 136,826
Rent 166,250 79,104
Depreciation 376,209 354,590
Total Operating Expenses 3,357,098 2,566,294
Operating Loss (425,411) (436,837)
Nonoperatinca Revenues or Exaenses(-1
Interest and fiscal agent fees (23,233) (20,005)
Total Nonoperating (23,233) (20,005)
Operating Transfers from Other Funds 4,357
Net Loss (444,287) (456,842)
Depreciation on contributed assets that
reduces contributed capital 318,420 299,430
Retained Earnings (Deficit) January 1 (134,766) 22,646
Retained Earnings (Deficit) December 31 ($260,633) ($134,766)
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City of Brooklyn Center
Recycling and Refuse Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1999 1998
Oaeratina Revenues
Recycling service fees $210,764 $209,007
Oqeratina Expenses
Other services 213,297 214,575
Insurance 85 116
Total Operating Expenses 213,382 214,691
Operating Loss (2,618) (5,684)
Nonoperatina Revenues
Investment earnings 4,189 4,295
Change in fair value of investments (1,918) 399
Total Nonoperating 2,271 4,694
Net Loss (347) (990)
Retained Earnings January 1 99,942 100,932
Retained Earnings December 31 $99,595 $99,942
1
g2
E-8 City of Brooklyn Center
Water Utility Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1999 1998
Operatina Revenues
Service to customers $1,211,746 $1,111,267
Sale of ineters 25,241 24,922
Penalties 71,717 78,404
Rentals 45,475 15,225
Total Operating Revenues 1,354,179 1,229,818
Oaeratina Exaenses
Personal services 291,786 388,388
Supplies 114,297 140,728
Contractual services 291,688 217,885
Insurance 6,406 6,735
Utilities 109,012 116,060
Depreciation 356,572 255,689
Total Operating Expenses o 1,169,761 1,125,485
Operating Income 184,418 104,333
Nonoperatina Revenues or Expenses(-)
Investment earnings 148,205 167,803
Change in fair value of investments (72,990) 15,597
Special assessments (for hookups delinquencies) 22,415 15,156
Other 460 41,232
Total Nonoperating 98,090 239,788
Net Income 282,508 344,121
Retained Earnings January 1 10,270,710 9,926,589
Retained Earnings December 31 $10,553,218 $10,270,710
93
E-9
City of Brooklyn Center
Sanitary Sewer Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1
1999 1998
Oqeratina Revenues
Service to customers $2,384,106 $2,289,620
t
Oqeratina Exoenses
Personal services 116,939 206,760
Supplies 11,157 13,748
Contractual services 187,113 130,100
Metropolitan Council Environmental Services 1,431,799 1,468,099
Insurance 4,522 4,158
Utilities 24,618 23,885
Depreciation 203,019 185,732
Total Operating Expenses 1,979,167 2,032,482
Operating Income 404,939 257,138
Nonoqeratina Revenues
Investment earnings 85,103 80,723
Change in fair value of investments (38,885) 7,503
Special assessments (for hookups delinquencies) 338 4,942
Total Nonaperating 46,556 93,168
Net Income 451,495 350,306
Retained Earnings January 1 5,571,860 5,221,554
Retained Earnings December 31 $6,023,355 $5,571,860
1
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E-10
City of Brooklyn Center
Storm Drainage Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
1
1999 1998
Operatina Revenues
Service to customers $999,867 $940,012
Operatina Exoenses
Personal services 99,798 101,500
Supplies 1,054
Contractual services 54,945 95,435
Insurance 1,819 1,705
Depreciation 75,843 61,508
Total Operating Expenses 232,405 261,202
Operating Income 767,462 678,810
Nonoperatina Revenues or Expenses(-)
Investment earnings 37,999
Change in fair value of investments (11,820)
Special assessments 265,626
Special assessments interest 3,096 2,669
Intergovernmental 1,092,809 907,191
Other revenue 374 7,000
Interest and fiscal agent fees (65,078) (98,806)
Total Nono eratin 1 323 006 818 054 t
p 9
Operating Transfers from Other Funds 500,000
Net Income 2,090,468 1,996,864
Retained Earnings January 1 5,104,313 3,107,449
Retained Earnin s December 31 7 194 781 5 104 313
9
95
City of Brooklyn Center, Minnesota
INTERNAL SERVICE FUNDS
Internal Service Funds are used to account, on a cost rei.mbursement basis, for the financing
of goods or services provided by one department to other departments of the City.
Revenues and expenses in these funds are recognized on the accrual basis of accounting.
Revenues are recognized in the accounting period in which they are earned and become
measurable. Expenditures are recognized in the accounting period in which they are incurred.
The City's Internal Service Funds included in this section are:
1 Public Emnlovees Retirement Fund: This fund provides certain health care insurance benefits
for City employees who retire before age 65. Substantially all of the City's full-time police and
fire employees and all other full-time employees hired before July 1, 1989, may be eligible for
those benefits from the time they qualify for an unreduced PERA pension until they reach age
65 or become eligible for Medicare. In the event that future costs would exceed earnings,
other funds would be charged for the costs associated with their employees.
Central Garaae Fund: This fund was established to account for the acquisition and
maintenance of all City vehicles and rolling stock equipment. Vehicle and equipment
maintenance, repair, and replacement will be provided from rental rates which the Central
Garage charges City operating departments for use of the equipment.
96
F-1
City of Brooklyn Center
internal Service Funds
COMBINING BALANCE SHEET
December 31, 1999
Public
Employees Central
Retirement Garage Totals
ASSETS Fund Fund 1999 1998
Current Assets:
Cash and cash equivalents $203,765 $541,593 $745,358 $971,196
Investments 1,188,274 3,158,352 4,346,626 4,239,709
Accounts receivable 1,323 20,170 21,493 6,797
Inventories 12,572 12,572 4,585
Total CurrentAssets 1,393,362 3,732,687 5,126,049 5,222,287
Fixed Assets:
Equipment 5,583,067 5,583,067 5,142,635
Less: Accumulated depreciation 2,556,258 2,556,258 2,396,179
Total net fixed assets 3,026,809 3,026,809 2,746,456
TOTALASSETS $1,393,362 $6,759,496 $8,152,858 $7,968,743
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable $1,349 $27,837 $29,186 $80,221
Accrued salaries payable 8,981 8,981 7,516
Accrued vacation and sick pay 28,522 28,522 28,716
Accrued health insurance liability 1,369,891 1,369,891 1,229,333
Total Current Liabilities 1,371,240 65,340 1,436,580 1,345,786
Fund Equity:
Contributions:
General Fund 869,689 869,689 909,640
Debt Service Funds 1,222,544 1,222,544 1,278,703
Capital Projects Funds 7,395 7,395 7,735
Enterprise Funds 538,570 538,570 563,310
General Fixed Asset Account Group 536,328 536,328 560,965
Total Contributions 3,174,526 3,174,526 3,320,353
Retained Earnings (Deficits):
Unreserved 22,122 3,519,630. 3,541,752 3,302,604
Total Fund Equity (Deficits) 22,122 6,694,156 6,716,278 6,622,957
TOTAL LIABILITIES AND FUND EQUITY $1,393,362 $6,759,496 $8,152,858 $7,968,743
97
F=2
City of Brooklyn Center
Internal Service Funds
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1999
Pubiic
Employees Central
Retirement Garage Totals
Fund Fund 1999 1998
Operatinq Revenues
Billings to departments $967,480 $967,480 $974,664
Sales 69,946 69,946 56,920
Total Operating Revenues 1,037,426 1,037,426 1,031,584
Operatina Expenses
Personal services $156,912 268,958 425,870 282,596
Supplies 191,104 191,104 193,448
Other services 57,008 57,008 71,988
Insurance 32,672 32,672 30,537
Utilities 3,559 3,559 4,554
Depreciation 506,396 506,396 511,131
Total Operating Expenses 156,912 1,059,697 1,216,609 1,094,254
Operating Income (Loss) (156,912) (22,271) (179,183) (62,670)
Nonoperatinq Revenues or Expenses (-1
Investment earnings 71,073 208,538 279,611 292,172
Change in fair value of investments (31,627) (95,480) (127,107) 27,157
Total Nonoperating 39,446 113,058 152,504 319,329
lncome (Loss) Before Operating Transfers (117,466) 90,787 (26,679) 256,659
Operating Transfers In 120,000 120,000
Net Income (Loss) 2,534 90,787 93,321 256,659
Depreciation on contributed assets that
reduces contributed capital 145,827 145,827 147,320
Retained Earnings (Deficit) January 1 19,588 3,283,016 3,302,604 2,898,625
Retained Earnings (Deficit) December31 $22,122 $3,519,630 $3,541,752 $3,302,604
gg
F 3 City of Brooklyn Center
Internal Service Funds
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1999
Employee Central
Retirement Garage Totals
Fund Fund 1999 1998
Cash flows from oqeratinq activities:
Operating income (loss) ($156,912) ($22,271) ($179,183) ($62,670)
Adjustments to reconcile operating income
(loss) to net cash provided by (used for)
operating activities:
Depreciation 506,396 506,396 511,931
Changes in assets and liabilities:
Accounts receivable (1,323) (13,373) (14,696) (2,637)
Inventories (7,987) (7,987) 1,505
Accounts payable 1,349 (52,384) (51,035) 68,543
Accrued salaries and leave 1,271 1,271 3,326 t
Accrued health insurance liability 140,558 140,558 11,104
Net cash provided by (used for) operating activities (16,328) 411,652 395,324 530,302
Cash flows from noncapital financina activities:
Operating transfers in 120,000 120,000
Net cash provided by noncapital
financing activities 120,000 120,000
Cash flows from canital and related
financina activities:
Acquisition of fixed assets (786,750) (786,750) (765,554)
Net cash used for capital and related financing activities (786,750) (786,750) (765,554)
Cash flows from (used forl investinq activities:
Investments purchased (700,127) (1,860,891) (2,561,018) (3,901,300)
Investments sold or matured 496,376 1,830,619 2,326,995 3,232,985
Interest on investments 71,073 208,538� 279,611 292,172
Net cash provided by (used for) investing activities (132,678) 178,266 45,588 (376,143)
Net increase (decrease) in cash
and cash equivalents (29,006) (196,832) (225,838) (611,395)
Cash and cash equivalents at beginning
of the year 232,771 738,425 971,196 1,582,591
Cash and cash equivalents at end of
the year $203,765 $541,593 $745,358 $971,196 t
Non cash items:
Change in fair value of investments ($31,627) ($95,480) ($127,107) $27,157
99 t
1
City of Brooklyn Center, Minnesota
GENERAL FIXED ASSET ACCOUNT GROUP
The General Fixed Asset Account Group was established to account for the City's fixed assets
which are not accounted for in an enterprise fund, and which are tangible in nature, have a life
longer than the current fiscal year, and have a significant value. Depreciation is not recorded
t on those assets.
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100
S-6 City of Brooklyn Center
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE
For the Year Ended December 31, 1999
January 1, December 31,
1999 1999
Balance Acquisitions Disposals Balance
Investments in General Fixed Assets
Land $2,473,864 $2,473,864 1
Buildings and improvements 8,776,453 $6,090,518 $150,247 14,716,724
Park improvements 3,354,926 276,113 30,798 3,600,241
Furniture 1,360,475 1,360,475
Departmental equipment 1,078,008 205,357 73,255 1,210,110
Total Investments in General
Fixed Assets $17,043,726 $6,571,988 $254,300 $23,361,414
Sources of Investments
Generallndebtedness $3,373,771 $6,055,274 $50,338 $9,378,707
General Fund revenues 5,657,953 254,834 84,419 5,828,367
Liquor store income 152,614 2,277 150,337
Contributions 216,245 5,557 3,226 218,576
Capital projects funds 6,902,244 256,323 102,985 7,055,583
Federal grants 740,899 11,055 729,844
Total Sources of Investments $17,043,726 $6,571,988 $254,300 $23,361,414 t
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S-7
City of Brooklyn Center
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 1999
Buildings and Park Furniture and
Function Land Improvements Improvements Equipment Total
General overnment 661678 661678
J
Government building $406,070 $13,887,241 $357,511 414,198 15,065,020
Public safety 2,500 115,744 1,026,282 1,144,526
Public works 5,450 170,664 176,114
Recreation 35,180 204,520 239,700
Parks 2,065,294 673,109 3,242,730 93,243 6,074,376
Totals $2,473,864 $14,716,724 $3,600,241 $2,570,585 $23,361,414
102
S-8
City of Brooklyn Center
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITI(
For the Year Ended December 31, 1999
General Fixed General Fixed
Assets Assets
January 1, December 31,
Function 1999 Additions Deductions 1999
General government $662,917 $57,593 $58,832 $661,678
Government building 9,095,387 6,132,058 162,425 15,065,020
Public safety 1, 072, 003 72, 523 1,144, 526
Public works 141,112 49,425 14,423 176,114
Recreation 197,266 42,434 239,700
Parks 5,875,041 217,955 18,620 6,074,376
Totals $17,043,726 $6,571,988 $254,300 $23,361,414
103
1
City of Brooklyn Center, Minnesota
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The General Long-Term Debt Account Group was established to account for the City's
unmatured general obligation long-term debt that is secured by the full faith and credit of the
City and is not the primary obligation of an Enterprise Fund of the City.
1
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G
City of Brooklyn Center
COMPARATIVE STATEMENT OF GENERAL LONG-TERM DEBT
December 31, 1999
December 31,
1999 1998
Amounts Available and to be Provided
Amounts Available in Debt Service Funds $5,666,641 $5,113,659
Amounts to be Provided:
From future property tax levies 6,885,867 8,151,404
From future gas tax allocations 1,790,000 1,980,000
From future tax increments 8,505,047 9,733,233
From future special assessments 4,444,920 2,830,835
Total Amounts Available and to be Provided $27,292,475 $27,809,131
General Lona-Term Debt Pavable
General obligation bonds $10,915,000 $11,430,000
Other long term liabilities 37,475 54,131
Tax increment bonds 10,420,000 11,585,000
General obligation special assessment bonds
with governmental commitment 5,920,000 4,740,000
Total General Long-Term Debt $27,292,475 $27,809,131
1
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105
I H
City of Brooklyn Center
SUMMARY OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1999
Totai Debt
General Obligation Bonds Tax Increment Bonds Special Assessment Bonds Service Requirements
Year Principal Interest Principal Interest Principal Interest Principal Interest
2000 $2,155,000 $424,981 $1,280,000 $595,554 $535,000 $231,972 $3,970,000 $1,252,507
2001 655,000 377,651 1,450,000 519,409 700,000 229,966 2,805,000 1,127,026
2002 680,000 350,749 1,540,000 433,892 700,000 199,727 2,920,000 984,368
2003 705,000 322,356 1,645,000 340,413 705,000 168,614 3,055,000 831,383
2004 740,000 292,318 1,775,000 237,302 700,000 136,763 3,215,000 666,383
2005 775,000 260,374 360,000 171,123 705,000 104,144 1,840,000 535,641
2006 810,000 226,412 360,000 147,362 605,000 73,520 1,775,000 447,294
2007 540,000 196,640 385,000 122,585 515,000 47,386 1,440,000 366,611
2008 565,000 171,219 385,000 96,694 355,000 27,205 1,305,000 295,118
2009 595,000 144,100 400,000 70,200 250,000 13,292 1,245,000 227,592
2010 625,000 115,274 415,000 42,694 150,000 3,750 1,190,000 161,718
2011 655,000 84,710 425,000 14,344 1,080,000 99,054
2012 690,000 52,257 690,000 52,257
2013 725,000 17,762 725,000 17,762
$10,915,000 $3,036,803 $10,420,000 $2,791,572 $5,920,000 $1,236,339 $27,255,000 $7,064,714
1
106
City of Brooklyn Center, Minnesota
1
STATISTICAL SECTION
The statistical section presents comparative statistical data for the past ten years, and other
pertinent information involving taxes, revenues, expenditures, bonded debt, property
valuations, insurance coverage and miscellaneous statistics.
This information is intended to be useful and of interest to investors in City bonds, financial
institutions, and others interested in municipal government financial statistics.
1
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107
TABLE 1
City of Brooklyn Center
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION
Last Ten Fisca! Years
Fiscal General Public Public Community Parks and Economic Non- Admin. Services Total
Year Govemment Safety Works Services Recreation Development Departmental Reimbursement Expenditures
1990 $1,823,298 $3,474,108 $1,929,950 $114,633 $1,842,294 $169,942 $396,550 ($472,004) $9,278,771
1991 1,869,394 3,950,862 1,964,441 104,706 1,881,910 177,179 414,149 (427,200) 9,935,441
1992 2,086,494 3,938,920 1,908,437 114,579 1,783,811 187,606 273,273 (602,846) 9,690,274
1993 1,787,179 3,870,563 1,996,256 41,325 1,999,270 178,703 300,803 (466,574) 9,707,525
1994 1,925,003 4,409,490 1,526,514 41,495 2,055,479 199,982 312,779 (528,684) 9,942,058
1995 2,069,978 4,598,618 1,653,358 41,146 2,226,121 209,576 289,747 (529,047) 10,559,497
1996 1,968,780 5,022,324 1,649,526 78,442 2,282,054 201,600 317,148 (611,534) 10,908,340
1997 1,992,251 5,089,072 1,868,130 79,800 2,186,686 248,779 311,436 (661,058) 11,115,096
1998 2,133,829 5,137,108 1,955,108 73,066 2,075,180 313,792 312,625 (731,737) 11,268,971
1999 $2,257,957 $5,336,622 $1,904,205 $83,295 $2,132,511 $383,927 $343,925 ($670,390) $11,772,052
Note: Table includes General Fund only.
Source: City Finance Department Records
I
TABLE 2
City of Brooklyn Center
GENERAL GOVERNMENTAL
REVENUES AND OTHER FINANCING SOURCES BY SOURCE
Last Ten Fiscal Years
General Other
Fiscal Property Licenses Intergovern- Charges for Court Financing Total
Year Taxes Permits mental Services Fines Misc. Sources Revenue
1990 $3,854,798 $297,495 $3,201,888 $763,791 $215,804 $443,623 $174,925 $8,952,324 I
1991 4,274,089 311,751 2,926,570 881,213 202,090 360,800 877,477 9,833,990
1992 4,291,322 332,186 3,133,495 794,876 148,701 301,771 620,000 9,622,351
0 1993 5,006,710 300,480 3,167,214 838,883 140,104 279,211 295,000 10,027,602
1994 5,703,773 317,620 3,443,247 825,959 113,573 241,570 100,000 10,745,742
1995 5,946,363 318,202 3,543,009 822,530 178,263 271,509 100,000 11,179,876
1996 6,120,877 402,000 3,618,075 839,583 186,761 328,750 100,000 11,596,046
1997 6,327,890 485,232 3,811,900 757,640 183,270 458,831 $100,000 12,124,763
1998 7,949,744 549,067 3,875,392 771,614 193,688 425,319 13,764,824
1999 $8,219,491 $763,960 $3,911,480 $739,054 $205,460 $194,353 $14,033,798
n ral Fund
Note: Table includes Ge e onl
Y
Source: City Finance Department Records
TABLE 3
City of Brooklyn Center
TAX LEVIES AND TAX COLLECTIONS
Last Ten Fiscal Years
Collections Percentage Collections
of Current of Levy of Prior Total Delinquent
Year's Taxes Coilected Year's Taxes Collections Delinquent Taxes as
Year During Fiscal During Fiscal During Fiscal Total as a% of Taxes a% of
Collected Tax Levy Period Period Period Collections Tax Levy Receivable Tax Levy
1990 $4,092,978 $3,857,576 94.25% $12,241 $3,869,817 94.55% $221,097 5.40%
1991 4,670,606 4,478,115 95.88% 79,443 4,557,558 97.58% 249,882 5.35%
1992 5,072,385 4,818,439 94.99% 6,898 4,825,337 95.13% 351,199 6.92%
1993 5,491,707 5,204,161 94.76% (121,158) 5,083,003 92.56% 189,400 3.45%
1994 5,857,342 5,634,255 96.19% (176,148) 5,458,107 93.18% 246,311 4.21%
1995 6,501,197 6,367,437 97.94% (75,645) 6,291,792 96.78% 288,717 4.44%
1996 6,495,206 6,358,392 97.89% (11,917) 6,346,475 97.71% 208,862 3.22%
1997 6,746,487 6,626,336 98.22% (57,329) 6,569,007 97.37% 186,089 2.76%
1998 7,687,124 7,643,080 99.43% (51,327) 7,591,752 98.76% 146,907 1.91%
1999 $7,896,858 $7,824,214 99.08% $30,110 $7,854,324 99.46% $165,926 2.10%
Total tax levy is net of Homestead and Agricultural Credit Aid.
Source: City Finance Department Records
TABLE 4
City of Brooklyn Center
ASSESSED VALUE AND ESTIMATED MARKET VALUE OF ALL TAXABLE PROPERTY
Last Ten Fiscal Years
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Population (1) 28,810 28,887 28,558 28,533 28,484 28,463 28,502 28,515 28,535 28,535
Real Property
Assessed va�ue: Tax (2) Tax Tax Tax Tax Tax Tax Tax Tax Tax
City: Capacity Capacity Capaciry Capaciry Capacity Capacity Capacity Capacity Capacity Capacity
Residential $10,133,274 $9,730,898 $9,193,012 $9,077,238 $9,110,096 $9,045,048 $9,485,333 $9,182,859 $9,309,893 $9,976,862
Non-residentiai 16,185, 832 16, 305,868 16,013,701 14,654,123 13,665,143 13,567, 573 12,837,157 11, 082,436 10,657, 588 11,002,424
Area-wide allocation (1,365,235) (1,384,936) (1,550,097) (1,533,767) (954,616) (687,295) (586,003) 226,287 537,406 1,504,330
24,953,871 24,651,830 23,656,616 22,197,594 21,820,623 21,925,326 21,736,487 20,491,582 20,504,887 22,483,616 j
Less Tax Increment Distdct 1,540,518 1,315,724 1,374,157 1,184,328 1,165,933 1,230,055 1,495,154 1,665,054 2,054,659 2,533,878 I
Total assessed value 23,413,353 23,336,106 22,282,459 21,013,266 20,654,690 20,695,271 20,241,333 18,826,528 18,450,228 19,949,738 I i
EstimatedMarketValue 1,000,269,000 1,016,754,000 1,000,829,400 978,404,100 959,668,700 961,811,400 976,115,400 1,010,170,000 1,085,605,600 1,164,801,300 �I
Personal Property
Assessed value 530,526 539,121 543,237 549,751 622,500 622,500 573,984 502,668 452,849 437,707
Estimatedmarketvalue 10,610,520 10,564,700 11,349,900 11,951,100 13,532,600 13,532,600 12,477,900 12,566,700 13,006,300 13,053,100
Totat Taxable Property
Assessed value (2) $23,943,879 $23,875,227 $22,825,696 $21,563,017 $21,277,190 $21,317,771 $20,815,317 $19,329,196 $18,903,047 $20,387,445
Estimatedmarketvalue $1,010,879,520 $1,027,318,700 $1,012,179,300 $990,355,200 $973,201,300 $975,344,000 $988,593,300 $1,022,736,700 $1,098,611,900 $1,177,854,400
Assessed Value as a percent of
Estimated Market Value 2.37% 2.32°/a 226% 2.18°/a 2.19% 2.19% 2.11 1.89% 1.72°!0 1.73%
Per Capita Valuations
Assessed Value $831 $827 $799 $756 $747 $749 $730 $678 $662 $714
Estimated Market Value $35,088 $35,563 $35,443 $34,709 $34,167 $34,267 $34,685 $35,867 $38,501 $41,278
Source: City Assessing Department Records and Hennepin County
(1) The Metropolitan Council is the sources of population estimates and they have not yet released the 1999 estimate.
(2) The Minnesota Legislature has repeatedly reduced property tax class rates so that assessed value has fallen even as market values increased.
City of Brooklyn Center TABLE 5
DIRECT AND OVERLAPPING TAX RATES AND TAX LEVIES
Last Ten Fiscal Years
TAX RATES IN TAX CAPACITY RATES (1 2) Hennepin
School Districts (3) County Total City, School, and County
Year Vo-Tech No.286 No.279 No.281 No.11 Special No.286 No.279 No.281 No.11
Collectible City (2) School Earle Brown Osseo Robbinsdale Anoka Districts Earle Brown Osseo Robbinsdale Anoka
1990 17.479 1.103 42.099 57.847 54.516 47.893 33.547 94.228 109.976 106.645 98.919
1991 19.208 1.046 46.207 58.643 55.540 51.779 37.479 103.940 116.376 113.273 108.466
1992 20.922 0.513 54.696 65.766 58.723 56.525 40.888 117.019 128.089 121.046 118.335
1993 23.969 1.095 67.008 64.948 61.807 63.717 42.457 i 34.529 132.469 129.328 130.143
1994 27.603 0.809 56.614 66.786 64.401 57.161 44.248 128.701 138.873 136.488 128.439
1995 31.090 76.861 70.142 67.197 61.402 45.370 151.763 145.044 142.099 136.304
1996 30.344 58.682 67.155 64.762 64.387 44.170 133.196 141.669 139.276 138.901
1997 32.875 56.260 62.666 63.757 55.588 42.174 131.309 137.715 138.806 130.637
1998 35.214 51.567 56.386 65.350 51.824 45.869 132.650 137.469 146.433 132.907
1999 36.269 59.807 54.337 47.716 54.856 50.276 146.352 140.882 134.261 141.401
N Hennepin
TAX LEVIES IN DOLLARS School Districts County Total City,
Year Vo-Tech No.286 No.279 No.281 No.11 Special Schools,
Collectibie City (2) School Earle Brown Osseo Robbinsdale Anoka Districts and County
1990 $4,092,978 $244,258 $3,718,102 $3,171,054 $4,028,724 $1,099,641 $8,052,590 $24,407,347
1991 4,670,606 234,927 4,169,240 3,266,615 4,365,729 1,207,395 8,992,605 26,907,117
1992 5,072,385 123,029 4,596,776 3,516,409 4,444,416 1,293,144 8,344,678 27,390,837
1993 5,491,707 218,460 5,173,925 3,289,896 4,842,750 1,354,534 8,877,060 29,248,332
1994 5,857,342 $166,681 4,175,027 3,472,013 4,526,288 1,287,264 9,384,582 28,869,197
1995 6,501,197 5,367,479 3,288,144 4,814,025 1,269,585 8,557,035 29,797,465
1996 6,495,206 4,850,400 3,863,698 4,397,705 1,441,657 9,403,100 30,451,766
1997 6,746,487 4,472 3,708,238 3,899,126 1,361,059 8,854,518 29,041,634
1998 7,686,521 4,322,965 4,042,283 3,750,650 1,420,301 8,964,681 30,187,401
1999 $7,896,858 $4,293,610 $3,800,203 $3,150,416 $1,276,178 $9,471,114 $29,888,379
Source: City Communiry Development Department Records and Hennepin County
(1) The tax base of property was changed from assessed values to tax capacity values by the Minnesota Legislature in 1989.
(2) Tax levy includes Brooklyn Center E.D.A. and H.R.A..
(3) Beginning in 1998, a portion of the school levy shown was paid by the state as an education homestead credit. The state-paid portion totaled $1,669,976 in 1999.
TABLE 6
City of Brooklyn Center
SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS
Last Ten Fiscal Years
Percent
Current Collections Total
Special Percent Coilection Collections
Year Assessment of of Prior Total to Current
Collected Billings Amount Billings Years CoNections Levy
1990 $504,682 $476,874 94.49% $14,327 $491,201 97.33%
1991 612,744 595,362 97.16% 23,135 618,497 100.94%
1992 558,265 533,439 95.55% 13,801 547,240 98.03%
w
1993 488,163 469, 814 96.24% 21,188 491, 002 100.58%
1994 466,784 444,670 95.26% 7,592 452,262 96.89%
1995 476,852 458,439 96.14% 5,497 463,936 97.29%
1996 485,019 459,316 94.70% 4,617 463,933 95.65%
1997 498,022 475,080 95.39% 2,470 477,550 95.89%
1998 541,477 524,609 96.88% 24,870 549,479 101.48%
1999 $688,691 $657,537 95.48% $34,532 $692,069 100.49%
Source: City Finance Department Records
1
TABLE 7
City of Brooklyn Center
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
Last Ten Fiscal Years
Less: Ratio of
Amounts Net Bonded Net
Tax Gross in Debt Net Debt to Tax Bonded
Fiscal Estimated Capacity Bonded Service Bonded Capacity Debt Per
Year Population Value Debt (1) Fund Debt Value Capita
1990 28,810 $23,943,879 $950,000 $448,846 $501,154 2.09% $17.40
1991 28,887 23,875,227 610,000 486,205 123,795 0.52% 4.29
1992 28,558 22,825,696 310,000 504,146 (194,146) -0.85% (6.79)
1993 28,533 21,563,017 0.00%
1994 28,484 21,277,190 0.00%
1995 28,463 21,317,771 0.00%
1996 28,502 20,815,317 0.00%
1997 28,515 19,329,196 7,900,000 82,056 7,817,944 40.45% 274.17
1998 28,535 18,903,047 7,900,000 616,778 7,283,222 38.53% 255.24
1999 28,535 $20,387,445 $7,575,000 $725,868 $6,849,132 33.59% $240.03
Source: City Finance Department Records and Hennepin County
(1) Amount does not include tax increment, state aid street, special assessment, or revenue bonds.
1
114
Table 8
City of Brooklyn Center
COMPUTATION OF LEGAL DEBT MARGIN
December 31, 1999
Market Value $1,177,854,400
Debt limit, 2% of market value 23,557,088
Total bonded deb 2 4 000
t 8, 85,
Deductions (See Note 6):
Bonds:
1. Special Assessment Bonds 5,920,000
2. State Aid Street Bonds 3,340,000
3. Tax Increment Bonds 10,420,000
4. Utility Revenue Bonds 1,230,000
Total Deductions 20,910,000
Total Debt Applicable to Debt Limit 7,575,000
Legal Debt Margin, December 31, 1999 $15,982,088
1
Source: City Finance and Community Development Records
115
TABLE 9
City of Brooklyn Center
COMPUT'ATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1999
City's Share
Governmental Unit Gross Debt Sinking Funds Net Debt Percent Amount
Direct Debt: City of Brooklyn Center (1) $7,575,000 $725,868 $6,849,132 100.0% $6,849,132
Overlapping Debt:
School Districts:
No.281 Robbinsdate 18,900,000 454,190 18,445,810 6.99% 1,289,362
No.11 Anoka 126,528,072 45,198,255 81,329,817 1.34% 1,089,820
No.279 Osseo 102,980,000 4,039,719 98,940,281 5.76% 5,698,960
No.286 EarlBrown 3,560,000 325,000 3,235,000 100.00% 3,235,000
Metropolitan Council 110,297,310 0 110,297,310 0.83% 915,468
Hennepin County 165,060,000 1,155,544 163,904,456 1.69% 2,769,985
Hennepin County Park Reserve District 18,080,000 3,659,100 14,420,900 2.24% 323,028
Total Overlappinq Debt 545,405,382 54,831,808 490,573,574 15,321,623
Total Direct and Overlapping Debt $552,980,382 $55,557,676 $497,422,706 $22,170,755
Direct Overlapping
Comparative Net Debt Ratios Charqeable to Citv Total Debt Debt
Debt to tax capacity value $20,387,445 108.75% 33.59% 75.15%
Debt to market value $1,177,854,40Q 1.88% 0.58% 1.30%
Per capita debt, population 28,535 $776.97 $240.03 $536.94
Source: City Finance Department Records, Hennepin County, and I.S.D. 11, Anoka I
(1) Includes only general obligation debt which is being repaid through property taxes.
TABLE 10
City of Brooklyn Center
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL FUND EXPENDITURES
Last Ten Fiscal Years
Debt Service
Total Total as a Percent
Debt General Fund of General
Year Principal Interest Service Expenditures Expenditures
1990 $530,000 $585,992 $1,115,992 $9,434,517 11.83%
1991 940,000 746,401 1,686,401 9,935,441 16.97%
o
1992 1,880,000 1,195,204 3,075,204 9,690,274 31.73/0
1993 1,710,000 1,186,585 2,896,585 9,707,525 29.84%
1994 780,000 1,080,555 1,860,555 9,942,058 18.71%
1995 825,000 1,075,976 1,900,976 10,559,497 18.00%
1996(1) 5,125,000 1,106,661 6,231,661 10,908,340 57.13%
1997 1,135,000 1,017,128 2,152,128 11,739, 733 18.33%
1998 1,285,000 1,244,923 2,529,923 12,695,972 19.93%
1999 $2,085,000 $1,323,609 $3,408,609 $13,363,091 25.51%
Source: City Finance Department Records
(1) Amounts for 1996 are higher because of the defeasance of the Tax
Increment Bonds of 1985.
117
TABLE 11
City of Brooklyn Center
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Fiscal Years
Net
Non- Net Revenue
Operating Operating Gross Revenue to Debt
Year Revenue Revenue Revenue Expenses(1) Available Principal Interest Totai Service
Water Utilitv Fund
1990 $696,147 $440,644 $1,136,791 $604,497 $532,294 $45,000 $5,425 $50,425 10.556 :1
1991 703,422 390,421 1,093,843 697,108 396,735 45,000 3,695 48;695 8.147 :1
1992 896,857 316,551 1,213,408 762,405 451,003 $45,000 $1,940 $46,940 9.608 :1
1993 848,134 311,781 1,159,915 659,099 500,816 0 0 0 N/A
1994 1,053,689 284,169 1,337,858 720,973 616,885 0 0 0 N/A
1995 1,048,834 302,136 1,350,970 813,157 537,813 0 0 0 N/A
1996 1,145,040 281,364 1,426,404 759,171 667,233 0 0 0 N/A
1997 1,116,399 267,520 1,383,919 769,112 614,807 0 0 0 N/A
1 1998 1,179,383 239,788 1,419,171 819,361 599,810 0 0 0 N/A
1999 $1,376,952 $282,508 $1,659,460 $835,962 $823,498 0 0 0 N/A
Storm Drainaae Fund (21
1991 $374,040 $2,628 $376,668 $164,767 $211,901 $0 $0 $0 N/A
1992 494,456 14,030 508,486 207,427 301,059 0 0 0 N/A
1993 639,837 28,138 667,975 160,044 507,931 0 0. 0 N/A
1994 685,011 39,930 724,941 211,425 513,516 0 30,208 30,208 17.00 :1
1995 788,897 72,881 861,778 184,990 676,788 0 90,625 90,625 7.47 :1
1996 822,980 47,363 870,343 204,969 665,374 110,000 86,390 196,390 3.39 :1
1997 856,920 130,651 987,571 198,662 788,909 155,000 79,754 234,754 3.36 :1
1998 940,012 916,860 1,856,872 199,694 1,657,178 165,000 72,227 237,227 6.99 :1
1999 999,867 1,257,928 $2,257,795 $'156,562 $2,101,233 $170,000 $64,193 $234,193 8.97 :1
Source: City Finance Department Records
(1) Excludes depreciation and interest on bonds.
(2) The Storm Drainage Fund was established in 1991.
r
TABLE12
City of Brooklyn Center
PROPERTY VALUE AND CONSTRUCTION
Last Ten Fiscal Years
Building Permits Commercial New Residential
Issued Construction Construction Property Value
Year Number Estimated Cost Value Units Value Commercial Residential Non-7axable
1990 504 $8,035,605 $5,750,567 1 $65,249 $333,967,220 $676,912,300 $83,719,768
1991 466 8,800,980 4,719,147 7 450,745 339,358,500 677,299,800 87,479,168 I
1992 573 14,286,465 5,547,668 14 948,810 344,860,700 667,318,600 107,747,100
1993 520 11,437,250 7,598,108 7 505,000 322,295,300 668,059,900 108,955,700 I I
a
1994 607 13,418,453 5,504,477 9 587,000 301,702,300 671,499,000 109,600,200
1995 603 11,948,205 9,541,847 2 153,000 297,268,000 678,076,000 110,458,200
i
1996 607 16,647,400 12,527,095 18 1,126,000 284,786,600 703,806,700 108,473,400
1997 796 18,274,806 10,905,475 3 225,000 287,163,000 722,917,000 111,226,700
1998 1,482 23,216,525 14,261,800 4 612,900 314,457,700 770,883,400 152,964,200
1999 1,745 $44,188,569 $10,528,100 7 $679,600 $333,929,200 $832,334,600 $155,999,500
Source: City Finance Department Records and Community Development Department Records.
TABLE 13
City of B�ooklyn Center
PRINCIPAL TAXPAYERS
December 31, 1999
Percentage
1999 of Total
Market City Market
Taxpayers Type of Business Valuation Value
Talisman Brookdale, LLC Shopping Center $22,925,000 1.97%
Lang-Nelson Senior Housing 22,550,000 1.94%
Target Stores Retail 20,521,700 1.76%
Prudential Insurance Co. Industrial/Office/Hotel 18,435,000 1.58%
ReliaStar Ryan Construction Co. Office/Retail 14,420,000 1.24%
GE Capital Industrial 8,794,600 0.76%
Bradley Real Estate Inc. Retail 8,700,900 0.75%
Sears Roebuck and Co. Department Store 8,000,000 0.69%
Fleming Foods Supermarket 7,653,400 0.66%
AMB Property, LP Industrial 5,573,000 0.48%
Total Market Value $137,573,600 11.83%
TOTAL CITY MARKET VALUE $1,164,801,300 t
Source: City Community Development Records
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City of Brooklyn Center Table 14
SCHEDULE OF INSURANCE COVERAGE (Continued next page)
Effective January 1, 2000
Policy Period
Tvpe of Coveraqe and Details From To Liability Limits
I. Statutorv Liabilitv to Emplovees
a. Workers' Compensation 04-01-00 04-01-01 Statutory
(participant in the League of
Minnesota Cities Insurance 7rust Self-
Insured Workers' Compensation Program)
II. Liabilitv to the Public
a. Comprehensive general liability includes the following additional coverages:
(a) All employees as additional insureds
(b) Personal injury coverage to include false arrest, libel, slander, wrongful
entry or eviction, or invasion of right of privacy.
(c) Broad contractual liability
(d) Products liability
(e) Public Officials' liability
(1) Bodily injury 04-01-00 04-01-01 $1,000,000 combined single limit
t (2) Property damage 04-01-00 04-01-01 $1,000,000 combined single limit
(3) Personal injury 04-01-00 04-01-01 $1,000,000 combined single limit
b. Automobile liability,
comprehensive 04-01-00 04-01-01
(1) Bodily injury $1,000,000 occurrence
(2) Property damage $1,000,000 occurrence
(3) Uninsured motorist $1,000,000 occurrence
c. Liquor stores' dram shop 01-01-00 01-01-01 $1,000,000 each common
cause
d. Golf Course and Central Park 01-01-00 01-01-01 $1,000,000 each common
liquor liability cause
e. Personal accident, Volunteers 01-01-00 01-01-01 $100,000 accidental death
$400/week short-term disability
$1,000 medical
1
121
City of Srooklyn Center Table 14
SCHEDULE OF INSURANCE COVERAGE (Continued from prior page)
Effective January 1, 2000
Buildings,
Structures,
Policy Period and Contents
(Replacement
Type of Coverage and Details From To Cost)
III. Insurance on City Property 04-Q1-00 04-01-01 t
a. Public and institutional property,
all risk, blanket$36,142,440; $1,000
deductible replacement value on buildings.
(1) Civic Center $9,779,760
(2) East Fire Station $1,463,325
(3) West Fire Station $3, 9 50,000 t
(4) Municipal Service Garage $3,085,500
(5) Elevated Water Towers 3 locations $3,949,440
(6) Park Shelter Buildings 17 locations $1,517,760
(7) Pump Houses 10 locations $1,132,200
(8) Lift Stations 10 locations $1,266,840
(9) Meter Station $18,360
(10) Storage Building $480,420
(11) Outdoor lighting systems 7 locations $326,400
(12) Humboldt Liquor Store $455,940
(13) Leased Liquor Store $233,000
(14) Leased Liquor Store $240,720
(15) Pedestrian 8ridge 2 locations $1,229,960
(16) Picnic Shelter $136,200
(17) Earle Brown Heritage Center $11,195,220
(18) Centerbrook Golf Course Club House $380,460
(19) Centerbrook Golf Course Garage $46,920
(20) Lions Park Concession Stand $41,000
Liability Limits
b. Boiler and machinery 04-01-00 04-01-01 $5,000,000 per accident
c. Automotive physical damage 04-01-00 04-01-01
(1) Comprehensive ACV $1,000 deductible
(2) Collision ACV $1,000 deductible
N. Criminal Acts
a. Faithful performance blanket position $500,000 per loss
b. Money and securities (broad form) Various
c. Depositor's forgery $100,000
122
1
TABLE 15
City of Brooklyn Center
DEMOGRAPHIC STATISTICS
Last Ten Fiscal Years
School Enroilments (3)
Mpis-St.Paul No. 286
Fiscal Unemployment C.P.I. No.11 No.279 No.281 Earle
Year Population (1) Rate (2) %(2) Anoka Osseo Robbinsdale Brown
1990 28,887 3.2% 4.1% 642 1,616 540 1,747
1991 28,810 4.6% 2.3% 807 1,680 521 1,327
1992 28,558 4.4% 1.4% 671 1,178 526 1,709
1993 28,533 4.3% 2.7% 691 1,106 540 1,685
1994 28,484 2.6% 2.7% 661 1,071 577 1,681
1995 28,463 2.9% 2.8% 664 1,113 567 1,645
1996 28,502 4.0% 3.3% 670 1,109 549 1,672
1997 28,515 3.3% 2.3% 680 1,111 586 1,701
1998 28,535 2.5% 1.9% 731 1,756 77$ 1,701
1999 28,535 2.2% 3.2% 776 1,791 800 1,708
(1) Source: Metropolitan Council.
(2) Source: Minnesota Department of Economic Security, Research and Statistics Dept.
Twin Cities metro area average for year.
(3) School enro{4ment data was supplied by the schools.
1
1
123
1
TABLE 16
City of Brookiyn Center (Continued
MISCELLANEOUS STATISTICAL FACTS next page)
December 31, 1999
Date of Incorporation February 94, 1911
Date of Adoption of City Charter November 8, 1966
Date City Charter Effective December 8, 1966
Form of Government Council-Manager
Fiscal Year Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 105.856
County 6.49
State 10.79
Miles of Storm Sewers 81.65
Number of Street Lights: Owned by N.S.P 905
Owned by City 97
City Employees as of December 31, 1999
Authorized regular full-time 164
Temporary or part-time 200
Total 364 t
Fire Protection:
Number of Stations 2
Number of Full-time Employees 1
Number of Volunteer Firefighters 42
Police Protection: t
Number of Stations 1
Number of Full-time Employees 55
Number of Part-time Employees 8
1
124
City of Brooklyn Center TABLE 16
MISCELLANEOUS STATISTICAL FACTS (Continued ftom
December 31, 1999 prior page)
Parks and Recreation:
Park property totals 527 acres developed to serve a wide variety of
recreational interests. Area inciude piaylots, playgrounds, playfields,
traiis, nature areas and an arboretum.
Playgrounds 20
Park shelters 12
Picnic shelters 7
Ice skating rinks 13
Hockey rinks 6
Softball diamonds 26
Baseball diamonds 6
Tennis courts 16
Basketba{{ voffeybail courts
Municipal Water Plant:
Number of connections 8,933
Average daily consumption in gallons 3,366,551
Peak daily consumption in gallons 7,965,000
Plant capacity gallons per day 17,652,000
Miles of water mains 114.9
Number of fire hydrants 963
Number of wells 9
Number of elevated reservoirs 3
Storage capacity in gallons 3,000,000
Water rate per thousand gallons $0.91
Municipal Sewer Plant:
Number of connections 8,796
Miles of sanitary sewer 105.43
Daily disposal capacity in gallons 10,938,240
Number of lift stations 10
Residential rate per quarter $47.50
Municipal Liquor Stores (Off-sale):
t Number of owned stores
Number of leased stores 2
1999 sales $3,560,613
Efections:
Last General Election November 3, 1998
Registered voters 17,394
Votes cast 12,224
Percentage of registered voters voting 70.28%
Last Municipal Election November 3, 1998
Registered voters 17,394
Votes cast 12,224
Percentage of registered voters voting 70.28%
125