HomeMy WebLinkAboutCAFR-1993 COMPREHENSIVE
ANNUAL
FINANCIAL REPORT
of the
CITY OF BROOKLYN CENTER, MINNESOTA
For The Year Ended December 31, 1993
GERALD G. SPLINTER, CITY MANAGER
Prepared by
THE DEPARTMENT OF FINANCE
1 Charles R. Hansen, Director
Mem r f n Finance Officers
be o Governme t
Assc,ciatian 6f the United States and Canada
1
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1993
TABLE OF CONTENTS
Exhibit Page
Number Number
Title Page
I. INTRODUCTORY SECTION
Table of Contents i �v
City Officials 1
Organization Chart 2
City Manager's Letter 3
Finance Director's Letter 4- 14
Certificate of Achievement 15
II. FINANCIAL SECTION
Independent Auditors' Report 16
A. General Purpose Financial Statements
(Combined Statements Overview):
Combined Balance Sheet All Fund Types and
Account Groups 1 18 19
Combined Statement of Revenues E enditures
XP
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
r Changes in Retained Earnings Proprietary
Fund Types 4 22
Combined Statement of Cash Flows
Proprietary Fund Types 5 23
Notes to Financial Statements 24 51
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
I Year Ended December 31, 1993
TABLE OF CONTENTS L
Statemeant/
Scheduie Page
Number Number
B. Combining, Individual Fund and Account Group
Statements and Schedules:
General Fund:
Balance Sheet A-�. �3
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual A-2 54
Schedule of Revenue Other Financing
Sources.- Budget and Actual S-1 55 57
Schedule of Expenditures Budget and Actual S-2 58 63
Special Revenue Funds:
Combining Balance Sheet B-1 6�
Combining Statement of Revenues,
Expenditures and Changes in Fund
Balances Budget and Actual B-2 66 67
Debt Service Funds:
Combining Balance Sheet C-1 69
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances C-2 70
Capital Projects Funds:
Combining Balance Sheet D-1 72
Combinin Statement of Revenues E enditures
I g X P
and D-2 73
Chan es in Fund Balances
g
Project-Length Schedule of Construction
Projects Capital Improvements Fund S-3 74
Project-Length Schedule of Construction Projects
Municipal State Aid Construction Fund S-4 75
Project-Length Schedule of Construction Projects
Special Assessment Construction Fund S-5 76
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1993
TABLE OF CONTENTS
Statement/
Schedule Pags
Number Number
Enterprise Funds:
Combining Balance Sheet E-1 78 79
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings E-2 $0 81
Combining Statement of Cash Flows E--3 $2 83
Statement of Revenues, Expenses, and Changes in
Retained Earnings Municipal Liquor Fund E 84
Statement of Revenues, Expenses, and Changes
in Retained Earnings Golf Course Fund E-5 85
Statement of Revenues, Expenses, and Changes
in Retained Earnings Earle Brown
Heritage Center Fund E-6 86
Statement of Revenues, Expenses, and Changes in
Retained Earnings Recycling Refuse Fund E-7 87
Statement of Revenues, Expenses, and Changes
in Reta'ined Earnings Water Utility Fund E-8 88
Statement of Revenues, Expenses, and Changes
in Retained Earnings Sanitary Sewer Fund E-9 89
Statement of Revenues, Expenses, and Changes
in Retained Earnings Storm Drainage Fund E-10 90
Internal Service Funds:
Combining Balance Sheet F--1 92
Comparative Statement of Revenues, Expens�s and
Changes in Retained Earnings F-2 93
Combining Statement of Cash Flows F-3 94
Agency Funds:
Statement of Changes in Assets and Liabilities
Employee Deferred Compensation Fund G 96
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
By Sources S-6 98
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 3L 1993
TABLE OF CONTENTS
Statement/
Schedule �age
Number l�umber
Scheduie of General Fixed Assets
By Function and Activity S-7 99
Schedule of Changes in General Fixed Assets
By Function and Activity S-8 1QU
General Long-Term Debt Account Group:
Comparative Statement of General Long-Term Debt H 1t�2
Summary of Debt Service Requirements
to Maturity I 103
III. STATISTICAL SECTION Table P�ge
Number Ntamber
General Governmental Expenditures by Function 1 10�
General Governmental Revenues and Other
Financing Sources By Source 2 �Q6
Ta�c Levies and Tax Collections 3 107
Assessed Value and Estima All
ted Market Value of
Taxable Property 4 10�
Direct and Overlapping Tax Rates and Tax Levies 5 109
Special Assessment Billings and Collections 6 110
Ratio of Net Bonded Debt to Assessed Value and
Net Debt Per Capita 7 111
Computation of Le al Debt Nfar in 8 112
g 9
Computation of Direct and Overlapping Debt 9 113
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures 10 114
Schedule of Water Revenue Bond C 11 13.5
overage
Property Value, Construction and Bank Deposits 12 116
Principal Taxpayers 13 �17
Schedule of Insurance Covera e 14 118�-119
g
Demo ra hic Statistics 15 20
g P i
1
Miscellaneous Statistical Facts 16 121--1.22
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Citv of Brooklvn Center
CITY OFFICIALS
For the Year Ended December 31, 1993
ELECTED OFFICIALS
E ires
Term of Office Term xn
Mayor Todd Paulson Four Years 12/31/94
Councilmember Celia Scott Four Years 12/31/94
Councilmember David Rosene Four Years 12/31/94
Councilmember Barbara Kalligher Four Years 12/31/96
Councilmember Kristen Mann Four Years 12/31/96
APPOINTED OFFICIALS
City Manager Gerald G. Splinter
City Clerk Gerald G. Splinter
City Treasurer Charles R. Hansen
City Attorney Ho�mes Graven
City Prosecutor Carson Clelland
Department Heads:
Finance Charles R. Hansen
Public Works Sy Knapp
Police Trevor Hampton
Fire/Emergency Preparedness Ronald Boman
Community Development .Brad Hoffman
Recreation Arnold Mavis
Assessing Mark Parish
Liquor Stores Gerald Olson
Personnel Coordin�tor Geralyn Barone
City Engineer Mark Maloney
Public Works Superintendent Dave Peterson
Health Officer Duane Orn, M.D.
Fire Marshall Ronald Boman
Civil Deferise Coordinator Ronald Boman
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ORGANIZATION CHART COUNCIL-MANAGER PLAN
City of Brooklyn Center, Minnesota
ADVISORY CHARTER COMMISSION
Various Ad Hoc Committee ELECTORATE (appointed by district court)
ADVISORY
Housing Commission CITY ATTORNEY
ADVISORY CITY COUNCIL qDVISORY
Human Rights Resources Commission
Financial Commission
ADVISORY
Parks 8� Recreation Commission CITY PERSONNEL COORQINATOR
MANAGER
N CITY CLERK
ADVISORY
Planning Commission
I I I I I I
DIRECTOR DIRECTOR DIRECTOR CHIEF DIRECTOR ASSESSOR
DIRECTOR Finance CHIEF MANAGER
Community Emergency Volunteer Public Tax
Developmen# of Department Police Liquor
Recreation Ci Prepared- Fire Works Assessment
�Y Department ness Department Store Department Department
Treasurer I I
I 1
I
Recreation
Earle Brown Go�f Park Government En ineerin Public
Herita e Course Programs Maintenance Buildin s g g Street Utilities
9 9 Division Division
Community
Center Centerbrook Division Division Division
Center 1 I
CITY 6301 SHINGLE CREEK PARKWAY
oF BROOKLYN CENTER, MINNESOTA 55430
B ROOK LY N TELEPHONE: 569-3300
C E N T ER FAX: 569-3494
EMERGENCY POLICE FIRE
911
June 13, 1994
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,
1993. Minnesota Statutes 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 and their
report is included in the financial section of this report.
This report has been prepared following 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 ten 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.
Respe fu y submitted,
i
k
�Gerald� Splinter
City M nager
,�esu�,umc�an
�������c�
CITY 6301 SHINGLE CREEK PARKWAY
BROOKLYN CENTER, MINNESOTA 55430
B ROOKLYN TELEPHONE: 569-3300
C ENTER FAX: 569-3494
EMERGENCY POLICE FIRE
911
June 13, 1994
Mr. Gerald G. Splinter
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The comprehensive annual financial report of the City of Brooklyn
Center for the fiscal year ended December 31, 1993, 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. Al1 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 general purpose financial
statements and schedules. The statistical section includes
selected financial and demographic information, generally presented
on a multi year basis.
The city is required to undergo an annual single audit in
conformity with the provisions of the Single Audit Act of 1984 and
U.S. Office of Management and Budget Circular A-128, "Audits of
State and Local Governments". Information related to this single
audit, including the schedule of federal financial assistance,
findings and questioned costs, and independent auditors' reports on
the internal control structure and compliance with applicable laws
and regulations, is issued as a separate report.
sa�au�arr
I I I I V
The City provides the full range of municipal services contemplated
by statute or charter. This includes public safety (police and
fire), streets, sanitation, health and social services, culture-
recreation, public improvements, planning and zoning, and general
administrative services. The City also operates three off-sale
liquor stores, a public water and sewer utility, a golf course, and
a convention center known as the Earle Brown Heritage Center. Net
revenue produced in excess of working capital requirements by the
municipal liquor stores operations have been used toward financing
current expenditures and capital outlays of the General Fund.
REPORTING ENTITY
In accordance with GASB Statement 14, The Reporting Entity, the
financial statements present the City and its component units. The
City includes all funds, organizations, institutions, agencies,
flepartments and offices that are not legally separate from such.
Component units are legally separate organizations for which the
elected officials of the City are financially accountable and are
included within the general purpose financial statements of the
City because of the signifi.cance of their operational or financial
relationships with the City.
The City is considered financially accountable for a component unit
if it appoints a voting majority of the organizations governing
body, and it is able to impose its will on the organization by
significantly influencing the programs, projects, activities, or
level of services performed or provided by the organization, or
there is a potential for the organization to provide specific
financial benefits to, or impose specific financial burdens, on the
City.
As a result of applying the component unit definition criteria
above, certain organizations have been defined in accordance with
GASB 14 and are presented in this report as follows:
Blended Component Units reported as if they were part of the
City.
Discretelv Presented Com�onent Units entails reporting the
component unit financial data in a column separate from the
financial data of the City.
Related orctanizations the relationship of the City with the
entity is disclosed, or
Joint Ventures and Jointl� Governed Orcranizations the
relationship with the entity is disclosed.
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For each of the categories, the specific entities are identified as
follows:
Blended Component Units:
Economic Development Authority (EDA) and Housing and Redevelopment
j� Authority (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 obligation.
Although the EDA and HRA are legally separate from the City, it is
reported as if it were part of the City because its sole purpose is
to carry out certain redevelopment projects for the City.
Discretelv Presented Comnonent Units:
None.
Related Oraanizations:
The Brooklyn Center Fire_ Department Relief Association
(Association):
The Association is organized as a nonprofit organization, legally
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
their own set of financial 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
pay benefits directly to its members. The Association may certify
tax levies to Hennepin County directly if the Citj� 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.
Joint Ventures and Jointiv Governed Oraanizations:
The City has several agreements with governmental and other
entities which provide reduced costs, better service, and
additional benefits to the participants. These programs, which the
City participates in, are listed below.
Independent School District No. 286 (Earle Brown), Independent
School District No. 279 (Osseo), Independent School District No.
281 (Robbinsdale), Independent School District No. 11 (Anoka),
Independent School District No. 287 (Suburban Hennepin County Area
Vocational Institute):
6
The Districts, like all school districts in Minnesota, are
completely independent of any other governmental entity, including
the City. They have their own elected Board of Education, levy
their own taxes, determine their own budgets, and issue own bonded
debt. Therefore, the Districts do not qualify as component unit of
the City's financial statements and related financial statements
have not been included within the City's reporting entity.
Logis:
This consortium of approximately 20 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.
Logis Insurance Group:
This group provides cooperative purchasing of health and life
insurance benefits for approximately 45 government entities.
1t ECONOMIC CONDITION AND OUTLAOK
The Twin Cities ranks among the largest metropolitan economies in
the nation, having achieved status as a major national regional
center,":according to a Metropolitan Council report. Brooklyn
Center is a first ring suburb located in the northwestern corner of
Minneapolis-St. Paul metropolitan area. Industrial and commercial
property make up about 66� of Brooklyn Center's tax capacity value.
Its commercial district is anchored by the Brookdale Shopping
Center which was built in the 1960s. Other retail and commercial
businesses have grown up around the center and vacant land exists
to the northeast for a substantial amount of additional business
development. The business district is located at the intersection
of four major highways which make it a ve�� attractive location.
The retail district continues to grow and diversify with addition
of new businesses and development projects. New businesses include
Circuit City, Wendy's, and Cracker Barrel. Best Buy, Pearle
Vision, Audio King, and Telco Credit Union re-located to new
locations within Brooklyn Center and expanded their operations.
Remodeling and expansion projects include Evergreen Homes elderly
assisted living facility, Salvation Army, Marquette Auto Bank, and
Omni Tool.
MAJOR EVENTS OF 1993
Maior Canital Imbrovements of 1993. The City completed the
reconstruction of 69th Avenue North, a major collector street on
the� north side of the City. The four year project widened the
street to provide turn lanes, provided better through-traffic
capacity, and included a unique parkway design constructed to save
as many trees as possible. In 1994, the City Engineer s
Association of Minnesota awarded Brooklyn Center's 69th Avenue
street improvement project its 1994 Municipal Project of the Year
award.
Ma�ior Initiatives. The City retained Dahlgren, Shardlow, and Uban,
Inc. to study and provide a basic framework for the future growth
and revitalization of the Brooklyn Boulevard corridor. The study
identifies two distinct areas in which change to the corridor will
come about. The first, is the public right-of-way and the role of
Brooklyn Boulevard as a regional traffic arterial. The second is
the changing pattern of contemporary land use development and its
I impact on both the Boulevard and the adjoining residential
neighborhoods.
In September 1993, the Economic Development Authority of Brooklyn
Center authorized Marquette Partners to conduct study of the
Earle Brown Heritage Center. The study reviewed the operations and
marketing efforts of the facility and provided recommendations for
improving future performance. The study found the Earle Brown
Heritage Center to be a high quality, well managed facility of
unique value to the community that is making steady progress toward
a stabilized position in the competitive marketplace.
In December 1993, the City Council authorized the remodeling of the
City's public works garage. The project is estimated to cost
$1.375 million. Funding for the project will come from the capital
improvements, water, and sewer funds. Remodeling is expected to be
complete by the end of 1994.
Awards for Sunerior Performance. The Inn on the Farm on the City-
owned Earle Brown Heritage Center, was named one of the ten
"Outstanding New Inns in America" for 1992 by the editors of Inn
Business Review, the leading national business publication for the
Bed Breakfast and inn industry. The annual awards were based on
the recommendations of travel writers, gues� comments and personal
inspections by Inn Business Review's ow:� staff. Of the nearly
13,000 Bed Breakfasts, only 80 inns nationwide have been selected
for the award.
FINANCIAL INFORMATION
Management of the City is responsible for establishing and
I maintaining an internal control structure 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. The internal control
structure is designed to provide reasonable, but not absolute,
assurance that tYaese objectives are met. The concept of reasonable
as�urance 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.
i -8-
Sinale Audit. As a recipient of federal, state and county
financial assistance, the government also is responsible for
ensuring that an adequate internal control structure is in place to
ensure compliance with applicable laws and regulations related to
those programs. This internal control structure is subject to
periodic evaluation by management and the independent auditors. As
a part of the City's single audit, which was described earlier,
tests are made to determine the adequacy of the internal control
structure, including that portion related to federal financial
assistance programs, as well as to determine that the City has i
complied with applicable laws and regulations. The results of the
City's single audit for the fiscal year ended December 31, 1993
provided no instances of material weaknesses in the internal
control structure or significant violations of material instances
of noncompliance with applicable laws and regulations.
Budaetina Controls. 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 financial plans are
adopted for the capital pzojects funds. The level of budgetary
control (that is, the level at which expenditures cannot legally
exceed the appropriated amount) is established by department.
Appropriations lapse at year end and generally are not
reappropriated as part of 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
I responsibility for sound financial management.
General Fund Functions
The following schedule presents a summary
of general fund budgeted rev�nues for 1994, and actual revenues for
the fiscal year ended December 31, 1993, compared to 1992.
General Fund Revenues Other Financina Sources 1993
Increase
1994 1993 1992 -Decrease
__�BUDGET_ ___ACTUAL_ ___ACTUAL_ From_1992
Taxes $5,849,414 $5,006,710 $4,291,322 715,388
License permits 289,300 300,480 332,186 -31,706
Intergovernmental
revenue 3,319,818 3,167,214 3,133,495 33,719
Charges for
services 936,913 838,883 794,876 44,007
Court fines 144,000 140,104 148,701 -8,597
Misc. revenues 184,000 279,211 301,771 -22,560
Other financi.ng
sources 190,000 295,000 620,000 -325,000
TOTAL $10,913,445 $10,027,602 $9,622,351 405,251
9
Revenues and other financing sources for the General Fund totaled
$10,027,602 in 1993, an increase of $405,251 from the previous
year. The 1993 City budget called for a tax levy increase of
$407,467 (8.2�) which included a first time levy in the amount of
183,339 for the Economic Development Authority and a decrease in
the debt retirement levy of $421,266. Under the provisions of the
newly adopted Financial Management Policies, unlike in previous
years, the use of fund balance was not available for the 1993
budget. This factor resulted in the loss of approximately $300,000
in revenue and other financing sources.
Other financing sources decreased $325,000 when compared to the
prior year. In the 1993 budget, the City cutback its issuance of
certificates of indebtedness by $360,000 when compared to 1992.
For the 1994 budget, the use of certificates of indebtedne�s was
eliminated resulting in significant interest savings.
The following schedule presents a summary of general fund budgeted
expenditures for 1994, and actual expenditures for the fiscal year
i, ended December 31, 1993, compared to 1992.
General Fund Ext�enditures 1993
Increase
1994 1993 1992 -Decrease
BUDGET ACTUAL ACTUAL From 1992
General Govt $1,741,423 $1,560,674 $1,797,895 $-237,221
Public Safety 4,703,657 3,870,563 3,938,920 -68,357
Public Works 1,624,036 1,756,187 1,594,190 161,997
Community Serv 41,572 41,325 114,579 -73,254
Parks Recr 2,149,887 1,999,270 1,783,811 215,459
Economic
Development 171,000 178,703 187,606 __=8,903
Non-departmental ___481,870 __300,803 273,273 27,530
TOTAL $10,913,445 $9,707,525 $9,690,274 17,251
Expenditures_for the General Fund totaled $9,707,525 in 1993, an
overall increase of less than 1� when compared to 1992. General
government expenditures decreased primarily due to certain
custodial positions being transferred to the Community Center
budget under parks and recreation. Public safety expenditures
were primarily reduced through the consolidation of two
departments, E.D.A. and Planning and Inspections, into one
department called Community Development. In 1�93, the amount
charged to other funds was down $74,178 which accounts for most of
the increas� in public works. Community services expenditures
primarily decreas�d due to the transferring of responsibility for
health inspections to Hennepin County. This action resulted in a
savings of $84,�69 when compared to 1992. Parks and recreations
increased due to the custodial budget adjustment described earlier
and increased capital outlay spending for playground equipment.
Since June 1,.1992, the City has been required to pay to the State
-io-
of Minnesota a 6.5� sales tax on its purchases. The 1993 budget
was the first full year of this sales tax impact and it added
approximately $100,000 to the City's General Fund expenses.
GENERAL FUND BALANCE
The fund balance, after an equity transfer of $750,000 to the
Central Garage Internal Service Fund, decreased by $429,923 or 8.5%
in 1993. The ending fund balance of $4,610,729 is the equivalent of
four months of expenditures for the 1994 budget. Property taxes
and inter-governmental revenue represent 84� of the budgeted
general fund revenue for 1994. 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 total 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
unreserved, undesignated fund balance is zero as a result of this
designation.
The City compensates all employees upon termination for unused
vacation and one third of unused sick time. Such pay is accrued as
a liability and an expenditure/expense as it is earned in all j
funds.
ENTERPRISE OPERATIONS
The City's enterprise operations are comprised of seven separate
and distinctive activities: Liquor stores, Golf Caurse, Earle
Brown Heritage Center, Recycling, Water utility, Sanitary Sewer
utility, and Storm Drainage utility.
The liquor operation is composed of three stores. Two are city
owned and one is leased. In January 1994, a new 5 year lease was
signed for the third store, which secures favorable lease rates.
Centerbrook Golf Course began operating in 1988 and began operating
at a profit since 1990. Green fees have been increasing each year
to keep pace with inflation. Expectations are for the golf course
to continue to be profitable and it has begun to pay back its
construction loan.
The Earle Brown Heritage Center is 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 eleven
rooms available to complement convention activities or to be rented
individually. Several of the barns have been restored as unique
office settings �hich have found a niche in the market. The City's
poTicy 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.
11
The dwindling supply of landfill space for the disposal of garbage
has become a maj or 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. E�ansion 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 being increased each year to cover inflation and
the need for new capital outlays. Three-fourths of the sewer
operating expenses are fees paid to the Metropolitan Waste Control
Commission for sewage treatment and those fees increased 3.0� in
1993. Planned rate increases should be sufficient to keep them
both profitable.
During the 198os, 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. Its fee structure is based upon the amount
of water discharged into the starm sewer system.
INTERNAL SERVICE FUNDS
The Central Garage Internal Service Fund was established on
December 31, 1993 to account for the acquisition and maintenance of
City vehicles and movable equipment. This fund was established by
a transfer of equipment with a net book value of $1,501,160 from
the General Fixed Asset Account Group, and equity transfers of
$750, 000 and $885, 437 from the General Fund and the Refunding Bonds
of 1987 Debt Service Fund, respectively.
AGENCY FUND
The Deferred Compensation Agency Fund accounts for the I.C.M.A.
Retirement Corporation plan with a market share value totaling
$2,532,735 for City employee plan members at year end.
DEBT ADMINISTRATION
At December 31, 1993, the City had five debt issues outstanding.
These issues included $2,750,000 of state aid street bonds,
$14,620,000 of tax increment debt with government commitment and
$275,000 of special assessment debt with a contingent liability.
'I'he City has an A-1 rating from Moody's Investors Service. During
1993, the City retired the 1980 Park Bond issue and all
Certificates of Indebtedness.
12
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 475. The yield on investments ranged from a high of 7.7
percent to a low of 3.4 percent. Interest earned during 1993
amounted to $1,912,587 compared to $2,026,732 during 1992. The
City's written investment policy is to minimize credit and market
risk, while maintaining a competitive yield on its portfolio.
All deposits were either insured by federal depository insurance or
collateralized. At year end, all deposits were collateralized.
Investment securities are held in a custody arrangement with a bank
trust department. All investments are listed in the lowest credit
risk category, Category 1. Cash balances for all funds of the City
are maintained on a combined basis and invested, to the extent
possible, in�short-term securities. Earnings from securities are
allocated to the various funds in proportion to their relative cash
book balances. In the recent past, the City hasn't needed to use
any short-term debt and doesn't anticipate such a need in the
future.
RISK MANAGEMENT
The City insures all significant risk. A schedule of such
insurance is included in the Statistical Section.
INDEPENDENT AUDIT
The City Charter and State Statutes require the Council to provide
for an audit of the financial transactions of the City. Deloitte
Touche has been retained for that purpose and their unqualified
opinion has been 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 of Brooklyn Center
for its comprehensive annual financial report for the fiscal year
ended December 31, 1992.
In order to be awarded a Certificate of Achievement for Excellence
in Financial Reporting, a governmental 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
13
only. We believe our current re ort continues to conform to
P
Certificate of Achievement Program requirements, and we are
submitting it to GFOA to determine its eligibility for another
certificate.
ACKNOWLEDGEMENTS
The preparation of this report on a timely basis could not be
accomplished without the efficient and dedicated services of the
entire staff of the Department, with special recognition to Theresa
Wesbur, Accountant. We would like to express our appreciation to
all members of the Department. We would also like to thank the
Mayor, City Council members and the C�ty Manager for their interest
and support in planning and conducting the financial operations of
the City in a responsible and progressive manner, and the
independent auditors for their valuable and willing assistance.
Respectfully submitted,
��L.�24 1( an�c.�r.i,�
Charles R. Hansen
Director of Finance
Timothy R. Johnson
Assistant Director of Finance
I 14
Cr'' f
e tiflcate o
Achi ment
eve_
for Exce��ence
in Finan�ia_
I�e ortln
l�
Presented to
Cit of Brookl n Center
y y
Mlnnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1992
A Certificate of Achievement for Excellence 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.
�E OFF,�
u D� 9
�"'DA President
x� ca�eonamN s
7� �'i�AL�
cri�c�sa
Executive Director
De oitte
Touche
400 One Financial Plaza Telephone: (612) 397-4000
120 South Sixth Street Facsimile: (612) 397-4450
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 (the City) as of December 31, 1993 and for the year then ended,
listed in Section IIA of the foregoing table of contents. These general purpose financial
statements are the responsibility of the City's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards and
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,
1993 and the results of its operations and cash flows of its proprietary fund types for the year
then ended in conformity with generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion on the general purpose
financial statements taken as a whole. The accompanying combining and individual fund and
account group financial statements and schedules listed in the foregoing table of contents,
which are also the responsibility of the City's management, are presented for purposes of
additional analysis and are not a required part of the general purpose financial statements of
the City. Such financial statements and schedules have been subjected to the auditing
procedures applied in our audit of the general purpose financial statements and, in our
opinion, are fairly stated in all material respects when considered in relation to the general
purpose financial statements taken as a whole.
April 8, 1994
DeloitteTouche
Tohmatsu
Irrternational
City af Brooklyn Center, Minnesota
GENERAL PURPOSE FINANCIAL STATEMENTS
�he g�rtexal purpose financial statements are intended to provide a
f3,nan��aT overview of municipal operations. These reports are at
�j a stxm�mar� Xc:vel and include that data needed to control and analyze
cu��'er�� Qperations ta determine compliance with legal and budgetary
1�nt�.tat�;Qns and to assist in the financial planning process.
r�
-1�-
Ciry of Broaklyn Center EXHIBIT 1
AII Fund Types and Accouat Ciroups
GOMBiNED BALANCf SHEET f�tlnued next page)
December 31, 168.9
fiduciary Totals
Governmental fund Types Propnete►y Fund Types Fur�d Types Account Groupe (Memorandum Onl�
f3eneral General
Special Debt Capital Irttema! Fixed Long-Term December 31,
General Revenue Service Proiects Enter rp iae Service enc Assets Debt 1993 1982
ASSETS
Caeh, cash equivalents and
investments (Notes 2& 3) 55,525.429 539.528 $1.882,288 59.575,138 54,810.827 52,�8,383 524,311.553 529,549.588
ReceiVables:
Accouots 50.988 480 15,202 1.015.743 1.082,393 888,37d
Delinquenttaxes(Note 11n 183,987 7,182 19 �i
Special aseessments: I
Deferred 28,430 428,305 987,804 88,288 1.538.827 1,806,081
Delinquent 1,100 8,885 31,423 3,880 43,088 48,044
Due from other funds (Note 11) 147,584 147,564 208,389
Due hom other governmeMe 11.927 148.008 1.844,538 164,721 1,989,190 1,280,�7
inventoriesandeupplies(Note1G) 319,790 31�,790 283,881 i
Prepaid expeneee 153,342 153,342 148,588
Interfundadvances(Note11) 105,074 1,853,013 �.958A87 1�8�7�344
Reetricted inveatments(Noce 1H) 4,184,451 1,000,000 4,000,000 9,184,451 5,000,000 I
Investments for deferred compensation
pian at market (Note 13) 52,532.736 2,532,135 2.241,152
Property, Plant and equipment (Note 4) 34,524.855 3,138,597 512,2@0.340 49,921,592 48,742,348
teesaccumulateddepreciation (7 .�sa,oes� (i,e�,aan (a.�a,5oo� (�.2ea,�so�
Amount available in Debt Service Funds 55,848,719 5,848,719 7,279,029
Amount to be provided for General Long-
Tsrm �ebt 11,788.281 11,798,281 11,955,971
Total Assete 55,877,405 =215,524 56,281,709 s15,271,882 t37,318,183 54,198,523 52,532 592.2H0,340 517,845,000 5101,800,281 5104,432,575
sssssssss ssta:ssss xsssiis� sasssss:s ssssissss sa�ssszss s:taas:z ssxs:f�sss'- asaizssss sszzssas sssssasass s:ss�lessss
(See notes to financial etatemente)
i
City o� klyn� r
All Fund Types and Account Groups
EXHIBIT 1
COMBINED BALANCE SHEET (Continued from prior page)
December3l, 1993
fiduciary Totals
Governmental Fund Types Proprietary Fund Types Fund Types Account Groupe (Memorandum Only)
General General
Special Debt Capital Internal Fixed Long-Term December 31,
UABILITIES. EQUITY AND OTHER CREUITS Oeneral Aevenue Service Pro ects Enter r� Service enc Assets Debi 1993 1gg2
Liabllitiee
AccouMS payable S277.288 52.802 s82,822 $404.212
Due to other funde (Note 11) 147 584 5748.724 5884,770
Accrued salaries and wages �2g,32g 147,584 208,38g
2.400 45,173 5218,544
Accrued vacation 8� sick pay(Note 11) 537,�1p 51 387,445 322,008
Intergovernmental payable 4,961 78,404 5,qg 598�59� 588,191
Tem ora im rovement notea Note 3 81,913 91,877
P �Y P 1,371,744 1,036,859 305,479 2.713,882 2,939,857
Deferred revenue 323,987 27,530 5434,990 2,855,925 3,442,432 3,215,890
Intertund loana (Note 11) 698,143 1,259,844 1,958.087 1,977,344
Cert. of indebtednese 8� G.O. bonds payable (Note b)
(i.0. etate aid street bonds payable (Note 5) 0 855,000
52,750,000 2,750,000 2,885,000
Speciel assessment bonds payable (Note 5) 275,000 275,000 385,000
Tax increment bonds payable {Note 5) 14,820,000 14,820,000 15,110,000
Deferred compeneation funds held for participants (Note 13) $2,532,735 2,532,735 2,241,152
Total Liabilities 1,288,878 2,324,007 434,98p 3,775.873 2,058,788 218,544 2,532.735 17,845.000 30,254,393 31,482.278
1
H Eau�iv and Other Credits
Contributed capital (Note 8)
21,581.512 3,138,597 24.718,109 21,874,890
Inveetment in general fixed aeeets 512.280,340 12,280,340 15,151,851
Retained earnings:
Reaerved:
Special aeaessments 90,1d8 90,148 95,845
Plant expansion (Note 1 H) 4,000,000 4,000,000 4,000,000
Unreserved 9.585,735 848,382 10.432,117 9,137,472
Fund Baiances (Deficits):
Reaerved:
Debt eervice 5,848.718 5,848,719 7,278.029
Unexpended eppropriationa 879,551 879,551 1,057,958
Dediaated housing account(Note 1H) 1,000,000 1,000,000 1,000,000
intertund loane t05,074 1.853,013 1,958,087 1,977,344
Bond proceede
Unreserved:
0 582,130
Designated:
Working capital 4,488.375 4,488,375 4,898,499
Unexpended appropriatione 39,280 38,280 38,079
Undesigneted (2,108,483} 7,983.825 5,855,142 5,898,402
TotalEquftvandOtherCredits 4,810,729 (2,108,483) b,848,749 11,496,189 35,257,395 3,982,879 12,260,340 71,345,888 72,970,299
TOTALLIABiLITIES,E�UITYd�OTHERCREDITS s5,877,405 5215,524 �6,281,709 s15,271,882 s37,318,183 54,199,523 $2,532,735 �12,280,340 517.845,000 S101,800,261 a704,432,575
sssssss:essz:ssssa�xzssas�smsssszss sssazs:a xa:asa sss:sax='. 'sea�:�:a aze=xaa� xaaaaeas oaexxaas xassaess ssmamaae amztca=aav =zzssaae
(See �otes to financial statemente)
Ciry of Brooklyn Center DfHIBIT 2
All Govemmental Fund Types
COMBINED ST�►TEMENT OF REVENUES, IXPENDITURES, ANp CHANGES IN FUND BALANGES
for the Yea► Ended December 31, 19A3
Totals
Special Debt Capital (Memorandum`dnly)
Revenuas General Reve�ue Service Pr�iects 1993 1992
7a�cesand apeCiai assekernehts 55,008,710 51,528,425 5454,085 $58b,504 57,571,724 57.088.428:
4icenses and permit6 300,480 300,480 332,188-
IntergcnremmenCal 3,187,214 240,781 56,410 213,458 3,678,863 4,337,055
Charges fa SeMees 838,883 11,483 850,366 813,648
�ourt fines 140.104 140;104 14$.7U1
lnves�mentearninqs 248.688 1.838 332.322 7A43,920 1.330 1,430,982
6Aieceilane<wa 29.523 899.144 728.887 827,972,
Total Fievenues 9.732.802 1,780,527 84b,817 2.244,026 14,801,972 14.979,974
Eicnet�diturae
Current:
G"arreral gove�nment' 1,580.674 1,580:674 1,797,895
Public safety 3.870,583 3.870.563 3.938.920
Rublic works 1,756.187 1,758,187 1,59A,19f1
Cnmmunitjr healUt setvioes 41,325 41,325 1 i4,579
Pa►keandrecreafion' 1.999.270 23,398 2,022.868 1,8t2,933
Economic.deu�lppment 178.703 1,042 495,405 675.150 611.293
Narrdepartmenta! 300,803 300,803 273,273:
Capitaboukiay 2,629,938 2,829.938 3,324,164
Debt aervice.
Prirrclpal r�cl►�tn�nt'' 1,710,000 1,710,000 1,880,900
Interest af�d'lfsoal charges' 97,653 1,188,270 113,781 1,399,704 1;507.157
TotaLEzoendrturas' 9,707.52b 122.093' 2.898,270 3,239,124 15,987.012 16.854.�10d
6ccessorDefiaiencvf-}pfR+avenuesOverExoendkure' 25.077 1,858.434 (2,053,453) (985.098) (1.365.040) (1.87A,43Q)-
Ofnerpinanci�aq Sources or Uaesf�
Operating iransfefs in 175,000 1.748,580 395,221 2,318.801 3.541,226
Opecatihg tra�ef6ra tsut (1.526.691) (240.000) (536.020) (2,301.611) (3.$10:953)
�I Proce�da h<xr1 *ale of refur�dfng bonds 4.270,000
Saie of ceciFficates�qt intfebtedness 120,000 120,000 48Q.000
TotalOtherFinancin�So�rc9sorU8es(� 295,000 (1,525,591) 1,506.580 (140,799) 135,190 4.480.273
Excese�or,deficiancv��1 of Revecwse;and Oiher
Stiurcee t')veF-£zpendituFes_and Other Uees 320,077 132,843 (546,873) (1.135,89� (1.229,850) 2,605,843
Fund BgtancesfiDsficl�sYJanUarv i. 5,040,652 (2.241;326f 7,279,029 12,632,086 22,710,441 20,104,598
Equity Transfers 0ut'- (750.000) (885,43� (�.635,43�
FyndBalart�as�DefiCits)peeember3l 54.810.729 (52,108,483) 55,846,719 S11,496,189 579,845,164 522.710.444
exzs�as �eielsaasa�z=xa xa:amaa: aaassss: :aaasa:: �:sssssss� =ssassa�� ����assaea
(See notes to 8nancial eEatemente)
20 I
Ciry of Brooklyn Genter EXHISIT 3
General and Special Revenue Funde
COMBINED STATEMENT OF REVENUES, IXPENDITURES,
AND CHANGES IN FUND BALANCES BUDGE? AND ACTUAL
For the Year Ended December 31, 1883
Gene�al Fund Special Revenue Funds
Actuai Over Actual Over
Under(-) Under(-)
Bud�et Actual Budaet BudSlet Actual Bud et
R9Y9f9W96
Propettytaxes 55.350,325 55,008.710 (5343,61� 51.213.750 51.526;425 �it2.675
�,icenees and permits 300,230 300.480 250
lntergovernmental 3,158.489 3.187.214 8.728 217.491 2A0.781 23.290
Charpe fqr services 1.072.816 838.883 (233.933) 10.000 11.483 1.483
cw,rt rmas 200,000 �4o.�oa (�,ses)
inve�me�tsamings 210,000 249.868 39.688 1.500 1,838 338
#iacellaneous 11,859 29,523 17,884
Total Revenues 10,303.519 9,732.802 (570,91n 1.442.7d1 1.780.527 337,788
Exoenditures
Genera! yOVernment 1,885,05f 1,580,874 {t24,37�
Public aaf�ty 4.150.472 3.870.563 (279.909)
Pubtic wcrxs t.sa�,3ao 1,756.ta7 (a5.1a9)
Communityheaith serviCes 51,325 41,325 (10,000)
Parks and recreation 2.192.127 1,989.270 (192,85� 25.000 23.398 (1.602)
Ec«►an�devetopmenc �so.000 ��s.�oa (ii.2a� i.ioo �.oa2 (5s)
Nonaepartmeoca� ass.�sa aoo,sos (�a�.ssi�
Interest a�d fiacal charges 170,000 97,853 (72.347)
Totat Exnenditures 10.598.519 9,707.525 (890.994) 198.100 122,093 (74.00�
Eaccess a De�iciencv(-1 of Revenues
Ove� Exnenditures (295,000) 25,077 320,077 1,246,641 1.658.434 411.793
Qiher Financln� Sources or Uaes(-1
OperaNn� transfer8 in 175,000 175,000
�pe�ati�qtransfersout (1.614.463) (i.525.591) 88.872
S�te of ceRificates of indebtednese 120,000 120,000
Total Other FfnancinA Sources w Uses(-) 295,000 296,000 0 (1,814.453) (1.525.591) se.872
F�ccess or Deficienov{-) of Revenues and Other
Sources Ov�t Exoer►ditures and Other Uses 0 320,077 320,077 (367,822) 132,843 500,885
Fund Balances fDeficits) Januarv 1 s.oao.es2 s.oao,ss2 (2.2ai,s2s� (2,2a�.�e)
Equity Transfer Out (750,000) (750.000)
Fund Balances (Deflcits) December 31 S4 .2so,s52 sa.e�o,�2e Ss2o.on (S2.eos.�as) fS2.los,aas) SSOO.esS
GLSL�FC�.SSSLC6LT�ST�S=������� G������G ��L==G�G �Z�SC'l� T���i�SCL ��CST�GSS ��G����
(See notes to fina�cial statements)
21
Ci of Brookl n Center EXHIBIT 4
tY Y
Proprietary Fund Types
COMBINED STATEMENTS OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For the Year Ended December 31, 1993
Internal Totals
Enterprise Service (Memorandum Only)
Ooeratina Revenues Funds Funds 1993 1992
Sales and user fees $8,417,244 $8,417,244 $7,161,117
Cost of sales 2,244,689 2,244,689 2,039,205
Net �oeratina REVenues 6 172 555 T 6,172,555 5,121,912
Operatinq�enses
Personal services 1,999,204 $39,450 2,038,654 1,726,959
Supplies 234,704 234,704 205,080
Qther services 2,225,321 2,000 2,227,321 2,232,689
Insurance 52,521 52,521 43,751
Utilities 322,717 322,717 $02,646
Rent 69,772 69,772 53,416
Depreciation 795,527 795,52? 818,130
Totai O�eratinq Expenses 5�699,766 41,450 ^T 5,741-216 5,382,671
,�peratina Income Loss (�j 472,789 (41,450) �31,339 (260,759)
Nono�eratina Revenues or Expenses (-1
Investment e�rnings 519,933 61,886 581,819 595,750
Special assessments (for service
hookups and delinquencies) 30,407 30,407 28,580
Qther revenue 2,036 2,036 3,145
Interest and fiscai agent fees (84,491) (84,491) (84,838)
Nonooeratina Totals 467,885 61,886 529,771 542,637
Income Before O�eratina Transfers 940,674 20,436 961,110 281,878
Operating Transfers In 84,810 84,810 334,727
Operating Transfers Out(-) (100,000) (100,000) (65,000)
Net Income 925 484 20 436 945 920 551 605
De�reciation on contributed assets that
reduces contributed ca�ital 343,228 343,228 335,605
R�tained Earninas Januarv 1 12,407,171 825,946 13,233,117 12,345,907
Retained Earnings December 31 $13,675,883 $846,382 $14,522,265 $13,233,117
=-._.�==��^o==�x=as=c=x== �_�=�°=x ��o-ec �s����==x =c==ac���
(See notes to financiai statements)
22
City of Brooklyn Center EXMIBIT 5
Proprietary Fund Types
COMBINED STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1993
Internai Totals
Enterprise Service (Memorandum Only)
Cash flows from operatinq activities: Funds Funds 1993 1992
Operating income (loss) $�472,789 ($41,450) $431,339 ($260,759)
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating actvities:
Uepreciation 795,527 795,527 818,130
Changes in assetsand liabilities:
Accounts receivable (278,17� (278,17� (58,323)
Inventories (35,829) (35,829) 31,12�4
Prepaid expenses (4,754) (4,754) (23,402)
Accounts payabls 90,709 90,709 ty91,772)
Accrued salaries and leava 3y,209 31,209 (11,513)
Accrued heaith insurance liabiliry 2�,454 25,454 (5,779)
Other nonoperating income 32,443 32,443 31,725
Net cash nrovided bv (used for) ooeratina activities 1,103,917 (15,996) 1,087,921 329,431
Cash flows from noncaqital financina activities:
Net repaymenis under revolving loan arrangement 286,222 286,222 (65,693)
Interest paid on tevolving loan (84,491) (84,491) (82,898)
Oper�ting transfers in &t,810 84,810 334,727
Operating iransfers out (100,000) (100,000) _�(65�000)
Net cash �rovided bv noncaoital financinsa activities 186,541 186,541 121,136
Gash flows from caoital and related financinq activities: T
Capital cpntributions 49,850 1,635,437 1,685,287 151,167
Acquisition and construction of capital assets (1,250,812) (1,250,812) (1,303,208)
Principat paid on revenue bonds (45,Q00)
lnterest paid on revenue bonds
Proceeds from sale of equipment 258
Net cash �rovided bv (used for) canital and related T
financina activities (1,200,962) 1,635,437 434,475 (1,198,723J
Cash flows from irnestinq activities:
Interest on investments 519,933 61,886 581,819 595,7�0
Change in restricted assets 121,755
Net cash provided bv investina activities 519,933 61-886 581,819 717,505
Net increase (decrease) in cash and cash equivalents 609,429 1,681,327 2,290,756 (30,651)
1� Cash and cash eouivatents at beainninq of vear 4,201,398 1,017,036 5,218,434 5,249,085
Cash ancl cash equivalents at end of year $4,810,827 $2,698,363 $7,509,190 $5,218,434
a=e^xasecxae====cco==e=mexe mzaaaaa mmx==as oe�m��e o=osc=z=
(See notes to financiai statements)
I
23
Citv of Brooklvn Center
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31. 1993
Note l: Summarv of Sianificant Accountincr Policies
The City of Brooklyn Center, Minnesota (City) was formed and
operated pu�suant to applicable Minnesota laws and statutes.
Th� governing body consists of a five-member City Council
elected at large to serve four-year staggered terms.
A. Financial Renortina Entitv of the Citv,
In accordance with GASB Statement No. 14, The Reporting
Entity, the financial statements present the City and its
component units. The City includes all funds; organizations,
�nstitu�ions, agencies, departments and offices that are not
legally separate from such. Component units are legally
separate organizations for which the elected officials of the
City are financially accountable and are included within the
general purpose financial statements of the City because of
the significance of their operational or financial
relati.onships with the City.
The City is considered financially accountable for a component
unit if it appoints a voting majority of the organizations
governing body, and it is able to impose its will on the
I orgar�ization by significantly influencing the programs,
projects, activities, or level of services performed or
provided by the organization, or there is a potential for the
organ�zation to provide specific financial benefits to, or
i7npose specific financial burdens on, the City.
As a result of applying the component unit definition criteria
above, certain organizations have been defined in accordance
with GASB 14 and are presented in this report as follows:
BLENDED COMPONENT UNITS reported as if they were part
of the City.
DISCRETELY PRESENTED COMPONENT UNITS entails reporting
the component unit financial data in a column separate
from the financial data of the City.
RELATED ORGANIZATIONS the relationship of the City with
the entity is disclosed, or
JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS the
relationship with the entity is disclosed.
24
Note 1; Summarv of Sianificant Accountinct Policies (continued)
A. Financial Reportincr Entitv of the Citv (continued)
For each of the categories, the specific entities are
identified as follows:
BLENDED COMPONENT UNITS:
Economic Development Authority (EDA) and Housing and
Redevelopment Authority (HRA) in and for the City of Brooklyn
Genter:
i 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
I 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 their sole purpose is carry out certain
redevelopment projects for the City.
DISCRETELY PRESENTED COMPONENT UNITS:
None.
RELATED ORGANIZATIONS:
The Brooklyn Center Fire Department Relief Association
(Association):
The Association is organized as a nonprofit organization,
legally 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 their own set of financial
statements. Al1 funding is conducted in accordance with
agplicable 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
II entity. (See Note 9 for disclosures relating to the pension
glan operated by the Association.) The City's portion of the
costs of the Association's pension benefits are included in
the General Fund under public safety.
I
I I 25
I
Nt�te 1. Summarv of Sianificant Accountina Policies (continued)
A. Financial Renortina Entitv of the Citv (continued)
JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS:
The City has several agreements with governmental and oth��
entities which provide reduced costs, better service, and
aclditional benefits to the participants. These programs,°
which the City participates in, are listed below and amounts
recc�rded within the current year financial statements are
disclosed.
Independent School District No. 28b (Earle Brown), Independent
School District No. 279 (Osseo), Independent Schonl Distri�t
�To. :281 (Robbinsdale), Independent School District No. 11
(Ar�oka), Independent School District No. 287 (Suburban
Hennepin County Area Vocational Institute):
The �istricts, like all school districts in Minnesota, are
completely independent of any ot�er governmental entity,
including the City. They have their own elected Board of
Education, levy their,own.taxes, determine their own budgets,
ar�d issue their own bonded debt. Therefore, the Districts do
not qualify as component units of the City's financial.
statements and their related financial statements have not
been included within the City's reporting entity.
Logis:
This consortiu�n of approximately 20 government entities
pxovides computerized data processing and support services to
its members. Logis is legally separate; the City does not
appaint a voting majority of the Board, and; the Consortium is
�iscally independent of the City. The total amount recorded
within the 1993 financial statements of the City was $217,182
for services provided which is allocated to the various funds
based on applications.
Logis Insurance Group:
This group provides cooperative purchasing of health and l�fe
insurance benefits for approximately 45 government entities.
The total amount recorded within the 1993 financial statements
of the City was $442,112 for services provided.
B. Fund Accountina
The accounts of the City are organized on the basis of funds
and account groups, each of which is considered a separate
accounting entity. The operations of each fund are accounted�
for with a separate set of self-balancing accounts that
comprise its assets, liabilities, fund equity, revenues, and
exp�nditures, or expenses, as appropriate. Government
26
I, Nc��� Summarv of Sicrnificant Accountina Policies (continued)
gund Accountina (continued)
resr�urces are allocated to and accounted for in individual
�und$ laased upon the purposes for which they are to be spent
��d the means by which spending activities are controlled.
The various funds are grouped, in the financial statements ir�
�ha�s xeport, into seven generic fund types.and three broad
�u�d cateqories as follows:
�UVERNMENTAL FUNDS:
,t �eneral Fund The General Fund is the general operating fund
c��' the City. It is used to account for all financial
��:�QU�ees except those required to be accounted for in another
�u�d�
ag�cial�Revenue Funds Special Revenue Funds are used to
$�eaunt for the proceeds of certain specific revenue sources
t�afi are legally restricted to ex�enditures for specified
�at��o�es
�k�t S�rvice Funds bebt Service Funds are used to account
fc�� t�ae accumulation of resources for, and the payment of,
c��:ne�al. long-term debt principal, interest and related costs.
�g�,'k�al Froj ects Funds Capital Proj ects Funds are used to
a��ctun� for financial resources to be used for the acquisition
c�� �ca�struction of major capital facilities, qther than those
f�.:���eed by proprietary funds.
EfROPRIETARY FUNDS:
�n�.�rpa�%se Funcis Enterprise Funds are used to account for
�g�ations that are financed and operated in a manner similar
�ca g�ivate business enterprises where the intent is that the
c4��s �expenses, including depreciation) of providing goads or
���vi�es to the general public on a continuing basis be
����.n�ed or recovered primarily through user charges.
��,'t�rnal Service Funds Internal Service Funds are used to
�c�c�ur�t for the financing of goods or services provided by one
c��g�rtment to other departments of the City on a cost
�^���ursement basis.
FIUUCIARY FUNDS:
�r'1,c Funds A enc Funds are used to account for assets
Y 5 Y
��l.d by the City as an agent for others.
27
Note 1: Summarv of Sianificant Accountina Policies (continued)
C. Fixed Assets and Lona-Term Liabilities
The accounting and reporting of fixed assets and long-term
].iabilities associated with a fund are determined by its
me�surement focus. All governmental funds are accounted for
on a spending or "financial flow" measurement, which means
tMat only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance
is aonsidered a measure of "available spendable resources."
Gove�nmental fund operating statements present increases
(revenues and other financing sources) and decreases
(expenditures and other financing uses) in net current assets.
A�cqrdingly, 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
be�n provided on generai 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 rnarket 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 &�ewer 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
Deb'� Account Group, not in the governmental funds.
All proprietary funds are accounted for on a flow of economic
resaurees 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
28
Note 1: Summarv of Sianificant Accountina Policies continued
C. Fixed Assets and Lona-Term Liabilities (continued)
(i.e., net total assets) is segregated into contributed
capital and retained earnings components. Proprietary
fund-type operating statements present increases (e.g.,
rev�nues) and decreases (e.g., expenses) in net total assets.
D. Basis of Accountina
�overnmental, funds and agency 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 callected.
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 using the accrual
basis of accounting. Their revenues are recognized when they
are earned, and e�aenses are recognized when they are
incurred. Unbilled Water and Sewer fund utility service
receivables are recorded at year end.
E. Budaets and Budaetarv Accountina
The City follows these procedures establishing the budgetary
data reflected in the financial 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 would result from the proposed budgets of all
taxing units to each property in November.
3. Public hearings are conducted to obtain taxpayer comments.
29
Note i; Summarv of Sianificant Accountina Policies (continued)
E. Budaets and Budaetarv Accountina (continued)
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 �f budgeted
amounts between departments within any fund.
6. Supplemental appropriations during the year may only be
made by the City Council. These amounts must be financed by
funds from the contingency reserve set up in the general fund
or by additional revenues.
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
�c�ntrol device during the year for the General Fund and
Special Revenue Funds. Formal budgetary integration is not
+employed for Debt Service Funds because effective budgetary
+control is alternatively achieved through general obligation
be�nd indenture provisions. Budgetary control for Capital
Proje�cts Funds is accomplished through the use of project
controls.
9. Budgets for the General and Special Revenue Funds are
ado�ted on a basis consistent with generally accepted
ac�ounting principles.
10. Bud etar control is maintained at the de artment level
g Y P
in compliance with the City Councii's directions.
11. Budgeted amounts are as originally adopted, or as amended
3�y the City Council. Individual amendments were not material
in relation to the original appropriations.
F, Investments
Cash balances from all funds are combined and invested to the
exter�t available in authorized investments (see Note 2).
E�rnings from such investments are allocated to the respective
funds on the basis of applicable cash balance participation by
each fund. Cash investments are stated at amortized cost
{which approximates market) except for Deferred Compensation
Fur�d assets which are recorded at market. Al1 highly liquid
unrestricted investments with a maturity of three months or
iess when purchased are considered to be cash equivalents.
All of the investments allocated to the proprietary fund types
have maturities of 90 days or less. Therefore, the entire
balance in such fund types is considered to be cash
�quivalents.
30
Note 1: Summarv of Sianificant Accountina Policies (continued)
G. Inventorv
Inventories in the proprietary funds are valued at cost, using
the first-in/first-out (FIFO) method. The costs of
governmental fund type suppli�s are recorded as expenditures
when purchased.
H. Restricted Assets and Retained Earninas
Investments and Retained Earnings in the amount of $3,700,000
in the Water Utility Fund and $300,000 in the Sanitary Sewer
Fund have been restricted for the possible future expansion of
the facilities. The City Council passed a resolution
establishing a$1,000,000 endowment account in the Capital
Project Economic Development Authority Fund.` The endowment
account'�s interest is used by the E.D.A. to fund various
housing programs. Investments in the Refunding Tax Increment
Bonds of 1992 Debt Service Fund are classified as restricted
because the securities have been placed in an irrevocable
trust with an escrow agent.
I. Rccumulated Unbaid 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.
J. Fund Equitv
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.
K. Pro�ertv Tax
Property tax levies are set by the City Council in December o�
each year, and are certified to Hennepin County for collection
1 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.
31
Note 1: Summarv of Sianificant Accountinct Policies (continued)
K. Pronertv Tax (continued)
I Real property taxes may be paid by taxpayers in two equal
installments on May 15 and October 15. Personal property 1
taxes may be paid on February 28 and June 30. The County
provides tax settlements to cities and other taxing districts
two times a year, in July and December.
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. At December 31, 1993, the City has
recorded $140, 000 in deferred revenue for the General Fund for
estimated property tax abatements that are anticipated to be
repaid to the County in early 1994.
L. Reclassification
Certain 1992 accounts have been reclassified to conform to the
1993 presentation.
M. Totai 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
agg�egation of this data.
32
Note 2: Cash and Investments
A. Denosits
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 (140� in the
case of mortgage notes pledged).
Authorized collateral includes the legal investments
described below, as well as 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 1993 the car in amount of the Cit 's
z'Y g Y
demand deposits was $343,411 and the bank balance was
$477,244. Of the bank balance, $219,439 was covered by
federal depository insurance (risk category A) and the
remainder 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 securi�a.��:� held by the
pledging institution's trust department
in the City's name
(C) Uncollateralized or collateralized with
securities held by the pledging institution,
but not in the City's name
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.
33
Note 2: Cash and Investments (continued)
B. Investments (continued)
(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.
(dj Bankers 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 t�o tlie 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'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 secu�ities 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.
Baiances at December 31, 1993
Credit Risk Category Carrying Market
Securities Type 1 2 3 Amount Value
U.S. Governments $15,604,400 $15,604,400 $15,790,431
Federal Agencies 10,335,000 10,335,000 10,43'1,140
Commercial Paper 3,200,000 3,200,000 3,167,761
$29,139,400 -_Y- $29,139,400 $29,389,332
34
NOTE 2: Cash and Investments (continued)
SUMMARY OF CASH AND INVESTMENTS
Balances at December 31, 1993
Cash in Banks Carrying
Amount
Marquette Bank Brookdale, Brooklyn Center, Minnesota $204,257
First Bank, Minneapolis, Minnesota 10
American Bank, St. Paul, Minnesota 51
Riverside Bank, Minneapolis, Minnesota 139,093
Total Cash in Bank $343,411
Investments:
Investment Tv�e Interest Rate MaturitK
U.S. Treasury bonds 3.4-7.6% 1994-1998 $15,604,400
Federal Home Loan Bank bonds 4.6-7.2% 1994-1997 3,900,000
Federal Home Loan Mortgage
bonds 5.2% 1998 300,000
Federal National Mortgage
Association bonds 4.4-7.7% 1994-1998 6,135,000
Commercial Paper 3.4% 1994 3,200,OQ0
Total lnvestments $29,139,400
Minnesota Municipal Money Market 1,016,738
Money Market Fund, First Trust, St. Paul, Minnesota 160,086
Total Cash and Investments $30,659,635
Accrued interest on invesfinents 257,045
Discounts on investments (153,710)
Premiums on investments 41,407
Change funds 5,685
Performance Deposits (27,940)
Temporary Improvement Notes (Note 8) 2,713,882
Total Cash, Cash Equivalents, Invest�$t�nr�,
ar�c� Fdestricted Investments $33,496,004
Other Assets lnvestra�ent Pools Deferred Compensation Plan $2,532,735
From Exhibit 1, COMBINED BALANCE SHEET
Cash and investments $24,311,553
Restricted investments 9,184,451
$33,496,004
35
Note 3: Temt�orarv Improvement Notes
Temporary Improvement Notes represent interfund borrowing
to provide interim financing for construction projects or
capital outlay expenditures. Such loans bear interest at
8 percent and totaled $2,713,882 and $2,939,857 at
December 31, 1993 and 1992, respectively. For collection
purposes, all of these notes are considered current,
since they are payable on demand.
Individual fund note balances at December 31, 1993 were
as follows:
j Interfund Interfund
ReceivabZe Pavable
General $857,003
E. Brown T.I.F. District $1,371,744
Tax Increment Bonds of 1985 87,906
Tax Increment Bonds of 1991 98,507
Refunding Bonds of 1987 72,043
Capital Improvements Fund 980,451
M.S.A. Construction Func� 391,021
Spec Assess ConStruct Fund 1,036,659
Economic Development Authority 226,951
E. Brown Heritage Center Fund 305,479
I TOTALS $2,713,882 $2,713,882
I
3
6
Note 4: Fixed Assets
Changes in the General Fixed Assets Account Group during 1993 were as follows
Balance Balance
Jan.1.1993 Additions Disposals Transfers Dec.31.1993
Land $2,368,459 $1,342 $2,369,801
Buildings Improvements 4,856,703 87,645 4,944,348
Park Improvements 2,869,112 94,152 9,643 2,953,621
Furniture Fixtures 937,602 75,050 17,026 995,626
Departmental Equipment 4,119,975 199,388 185,822 $3,136,597 996,944
TOTAL GENERAL FIXED
ASSETS $15,151,851 $457,577 $212,491 $3,136,597 $12,260,340
The following is a summary of proprietary fund-type fixed assets at December 31, 1993:
Internal
Enterprise Service
Funds Funds
Land $2,738,600
Land Improvements 37,556
Buildings Improvements 15,949,897
Mains 8� Lines 14,113,366
Furniture Fixtures 1,110,889
Departmental Equipment 574,347 3,136,597
Total 34,524,655 3,136,597
Less accumulated depreciation (7,763,063) (1 �635,437)
Net $26,761,592 ,�01, i 60
37
Note 5: Lonct-Term Debt
The City's long-term debt includes general �bligation bonds,
certificates of indebtedness, state aid street bonds, tax
increment bonds, and improvement bonds; all of which are
recorded in the General Long-Term Debt Account Group.
The followin is a summa of bond transactions of the Cit
rY y
for the year ended December 31, 1993:
General
Obligation
Bonds G.O. State Special G.O. 7ax
Certificates Aid Street Assessment Inerement
of Indebtedness Bonds Bonds Bonds Total
Bonds payable
January 1 $855,000 $2,885,000 $385,000 $15,110 000 $19,235,000
Bonds reticed 855,000 135,000 110,000 490,000 1,590,000
Bonds payable
December 31 $0 $2,750,000 $275,000 $14,620,�00 $17,645,000
e�=s=eoo zsaeox=e aesaaea mr,.��amemse aaemseco
General Obliaation Bonds Certificates of Indebtedness
General Obligation Bonds and Certificates of Indebtedness are
backed by the full faith and credit of the City and are paid
from property taxes.
G.O. State Aid Street Bonds
Future allotments from Municipal State Aid for Streets will
repay these bonds which are backed by the full faith and
credit of the City.
Snecial Assessment Refundinct Bonds
These bonds are payable primarily from special assessments
levied and collected for local improvements. The City has a
contingent liability relating to a pledge of full faith and
credit on the Special Assessment Bonds. The general credit of
the City is obligated only to the extent that liens foreclosed
against properties involved in the special assessment
districts are insufficient to retire outstanding bonds.
G.O. Tax Increment Bonds
Tax Increment Bonds will be repaid from incremental tax
increases on the property within certain development districts
and are backed by the full faith and credit of the City.
38
Note 5: Lona-Term Debt (continued)
Refundina Tax Increment Sonds
In a prior year, the City issued $4,270,000 in General
Obligation Tax Increment Refunding Bonds, Series 1992A with a
net interest rate of 5.329$. The proceeds of the 1992 bond
issue will be used to advance refund $4,180,000 of the City's
$5,250,000 General Obligation Tax Increment Bonds, Series
1985A, callable on February 1, 1996 and with a net intere�t
rate of 8.054$. The proceeds of $4,242,551, together with
other City funds in the amount o€ $250, (after payment of
$45,137 in �ond issue costs) were used to purchase State and
LocaZ Government Securities (SLG's). Those securities were
deposited in an irrevocable trust with an escrow agent to
provide fqr the payment of remaining maturities of the
refunded bands at the call date and for the interest on the
refunding bonds through the call date. The City is
responsible far principal and interest payments on the
refunded hands through the call date. The principal balances
of both the refunded and refunding bonds are reported in the
General I,ang-Term Debt Account Group until the eall date of
the refunded bonds, at whieh time the refunded bonds wili be
considered defeased and the related liability will be removed
from the General Long-Term Debt Account Group.
Long-term debt maturities (inci�ding interest of $7,452,250) are as follows:
G.O. State Special G.O. Tax
Rid Street Assessment Fncrement
Bonds Bonds Bonds Total
1994 $309,071 $111,912 $1,439,570 �1,860,553
1995 306,325 92,131 1,461,130 1;859,586
1996 307,872 53,550 1.501,995 1,863,417
1997 308.588 41,100 1,9t7,523 2,267.211
1998 308,47$ 1,975,825 2,284,303
1999 on 2,490,868 12,471,312 14,962,180
$4,031,202 $298,693 $20,767,355 �25,097,250
ace=ssaa aza==== aaaxs�=e= amxaa=o=�
39
Note 5: Long-Term Debt (continued)
Long-term debt obligations outstanding at year-end are summarized as fpllows;
Bond
Payment Issue Maturity Authorized
Rates °k Dates Date Date And Issued Retired Outstandino
G.O. State Aid Street 8onds
G.O. State-Aid Street eonds 4.7-6.65 4-01 10-01 09-01-91 04-01-06 $3,000,000 $250,000 $2,750,000
Total $3,000,000 $250,000 �2,750,OOp
Special Assessment Bonds
1987 Refunding Bonds 4.7-5.� 2-01 8-01 04-01-87 02-01-97 $1,200,000 $928,000 $275,000
Total $1,200,000 $925,000 $275,000
G.O. Tax Increment Bonds
1985 G.O. Tax Increment Bonds 6,75-8.1 2-01 8-01 12-01-85 02-01-03 $5,250,000 $350,000 $4,900,000
1991 G.O. Tax Increment Bonds 4.7-6.0 2-01 8-01 03-01-91 02-01-04 6,050,000 600,000 n 5,450,000
Total $11,300,000 $950,000 $10,350,000
Refunding Tax Increment Bonds
1992 GA. Tax lncr Bonds 4.5-5.6 2-Q1 8-01 02-01-92 02-01-03 $4,270,000 $0 $4,270,000
Total $4,270,000 $0 $4
N te n ri i I
0 6 Co t buted Cap ta
During 1993 contributed capital changed by the following amounts:
Internal
Enterprise Service
Funds Funds
Additions
Transfers In (See Note 16) $3,136,597
Intergovernmental $49,850
Deductions:
Depreciation on contributed assets (343-228) --_T_-_
Net Change (293,378) 3,136,597
Contributed Capital, January 1, 1993 21,874,890 T--_--_
Contributed Capital, December 31, 1993 $21,581,512 $3,136,597
40
Note 7: Segment Information as of and for the Year Ended December 31, 1993 was as follows:
E. Brown
Enterprise Funds: Municipal Golf Heritage Recycling Vllater Sanitary Storm
Liquor Course Center Refuse Utility Sewer Drainage
Fund Fund Fund Fund Fund Fund Fund Total
Operating Revenues $2,615,955 $280,033 $1,812,093 $106,763 $848,134 $2,114,429 $639,837 $8,417,244
Depreciation Expense 29,044 23,236 343,228 267,279 126,055 6,685 795,527
Operating Income (Loss) 102,535" 52,237 (413,740) 2,665 (78,244) 334,224 473,108 472,789
Operating Transfers In 84,810 84,810
Operating Transfers (Out) (100,000) (100,000)
Net Income (Loss) (9,933) 569 (343,228) 7,057 233,537 536,236 501,246 925,484 I
Current Capital Contributions 49,850 49,850
Property, Plant Equipment:
Additions 6,069 7,634 28,839 413,324 400,284 394,662 1,250,812
Deletions 4,457 5,086 307,111 316,654
Net Working Capital 196,902 47,810 (33,102) 84,707 1,290,569 3,604,269 543,633 5,734,788
TotalAssets 639,849 1,783,885 10,761,556 93,11$ 13,618,191 9,423,223 996,341 37,316,163
Bonds and Other Long-Term
Liabilities Payable from
Operating Revenues 158,985 1,080,000 1,238,985 I
Total Equity $$54,288 $697,062 $10,223,389 $84,707 $13,570,079 $9,331,559 $996,311 $35,257,395
i
I
s w a� r� r
NOTE 8: Pension Plans:
Public Emblovees Retirement Association (PERA)
City employees participate in the pension plans administered by the
Public Employees Retirement Association (PERA). In accordance with
Government Accounting Standards Board Statement No. 5, the PERA plans
are classified as a defined benefit multiple employer cost sharing
I plans.
Disclosures relating to this plan are as follows:
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 PERF members belong to either the
Coordinated Plan or the Basic Plan. Coordinated members are covered
by Social Security and Basic members are not. Al1 new members must
participate in the Coordinated Plan. All police officers, fire
f ighters and peace of f icers who qual ify for membership by statute are
covered by the PEPFF. The payroll for employees covered by PERF and
PEPFF for the year ended December 31, 1993, was $4,057,037 and
$1,872,950 respectively; the City's total payroll was $6,957,231.
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 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 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 rat? �or a Basic member is 2
percent of average salar� for each of the first 10 years of service
and 2.5 percent for each remaining year. For a Coordinated member,
the annuity accrual rate is 1 percent of average salary for each of
the first 10 years and 1.5 percent for each remaining year. Using
Method 2, the annuity accrual rate is 2.5 percent of average salary
for Basic members and 1.5 percent for Coordinated members. For PEPFF
members, the annuity accrual rate is 2.5 percent for each year of
service through�June 30, 1993. (Effective July 1, 1993, the annual
accrual rate for PEPFF is 2.65 percent.) For PERF members whose
annuity is calculated using Method 1, and for all PEPFF members, a
full annuity is available when age plus years of service equal 90.
There are different types of annuities available to merubers upon
retirement. A normal annuity is a lifetime annuity that ceases upon
the death of the retiree. No survivor annuit is a able. There are
Y P Y
also various types of joint and survivor annuity options available
which will reduce the monthly normal annuity amount, because the
42
NOTE 8: Pension Plans (continued)
A. Plan Descriution (continued)
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.
B. Contributions Rectuired and Contributions Made
Minnesota Statutes Chapter 353 sets the rate for employer and employee
contributions. The City makes annual contributions to the pension
plans equal to the amount required by state statutes. According to
Minnesota Statutes Chapter 356.215, Subd. 4(g), the date of full
fur�ding required for the PERF and the PEPFF is the year 2020. As part
of the annual actuarial valuation, PERA's actuary determines the
sufficiency of the statutory contribution rates towards meeting the
required full funding deadline. The actuary compares the actual
contribution rate to a"required" contribution rate. Current combined
statutory contribution rates and actuarially required contribution
rates for the plans are as.follows:
Statutorv Rates Recruired
Em�loyee Emplo� Rates*
Public Employees
Retirement Fund:
Basic Plan and
Coordinated Plan 4.39� 4.67� 9.95�
Police Fire Fund 8.00� 12.00� 18.60�
The recommended rates scheduled above represent the required rates
for fiscal year 1993 contributions as reported in the July 1, 1992,
actuarial valuation reports.
Total contributions made by the City during fiscal year 1993 were:
Percentaae of
Contribution Covered Pavroll
E�lovees Emplo er E�lovees Emplover
Public Employees
Retirement Fund:
Basic Plan 10,213 13,316 8.23$ 10.73�
Coordinated
Plan 166,418 176,233 4.23� 4.48$
Police Fire
Fund 149,836 224,754 8.00� 12.00�
TOTALS $326,467 $414,303
43
NOTE 8: Pension Plans (continued)
B: Contributions Reauired and Contributions Made fcontinued)
The City's contribution for the year ended June 30, 1993, to the
Public Employees Retirement Fund, represented approximately .17
percent of total contributions required of all participating entities.
For Public Employees Police and Fire Fund, contributions for the year
ended June 30, 1993, represented .7 percent of total contributions
required of all participating entities.
C. Fundina Status and Proqress
Pension Benefit Obligation
The "pension benefit obligation" is a standardized disclosure measure
of the present value of pension benefits, adjusted for the effects of
projected salary increases and step-rate benefits, estimated to be
payable in the future as a result of employee service to date. The
measure which is the actuarial present value of credited projected
benefits, is intended to help users assess PERA's funding status on
a going-concern basis, assess progress made in accumulating sufficient
assets to pay benefits when due, and make comparisons among Public
Employees Retirement Systems and among employers. PERA does not make
separate measurements of assets and pension benefit obligation for
individual employers.
The pension benefit obligations as of June 30, 1993,
are shown below (in millions):
PERF PEPFF
Total pension benefit obligation $5,164 932
Net assets available for benefits,
at cost (market value for
PERF $4,515; PEPFF $1,173) $4,304 $1,091
Unfunded (assets in excess of) r
pension benefit obligation 860 (159)
The measurement of the ension benefit obli ation is based on an
P g
actuarial valuation as of June 30, 1993. Net assets available to pay
pension benefits were valued as of June 30, 1993.
Changes in Benefit Provisions
Three bills enacted during the 1993 legislative session improved
benefits for many members without a material effect on the pension
benefit obligation in the PERF or the PEPFF. The early retirement
incentive bill permitted a public employer to offer PERA's Basic and
Coordinated members an increase of one-fourth percent (.25�) in the
formula multiplier for each year of service, up to the first 30 years,
44
Note 8: Pension Plans (continued)
C. Fundina Status and Provress fcontinuedl
or health insurance coverage to age 65. Also, the survivor protection
bill provided benefits to either a surviving spouse or children of
PERF Coordinated Plan members who die before age 50. Lastly, the
Police and Fire benefit increase bill, which became effective July 1,
1993, permanently increased the PEPFF formula multiplier from 2.5
gErcent to 2.65 percent of individual's average salary over the five
highest consecutive years of earnings.
D. Ten-Year Historical Trend Information
Ten-year historical trend information is presented in PERA's
Comprehensive Annual Financial Report for the year ended June 30,
1993. This information is useful in assessing the pension plan's
accumulation of sufficient assets to pay pension benefits as they
become due.
E. Related Partv Investments
As of June 30, 1993 and for the fiscal year then ended, PERA held no
securities issued by the City or other related parties.
Note 9: Pension Plan Brookl�n Center
Fire Department Relief Association
A. Plan Description
The City contributes to the Brooklyn Center Fire Department Relief
Association ("Association"). In accordance with Government Accounting
Standards Board Statement No. it is classified as a defined benefit
single employer public employee retirement system.
Volunteer fire fighters of the City are me��e�s of the Association and
its pension plan. An actuarial study was completed during 1993 which
developed a schedule of benefit increases which will take effect on
January 1 of each year. The plan's baseline benefit after 20 years
of service and attaining the age 50 increases to $490 per month in
1994, $510 per month in 1995, and $530 per month in 1996. There are
additional benefits for service through 30 y��ars. Vesting begins with
10 years of service and benefits are pro-rated for members who have
between 10 and 20 years of service. Members may choose to take a lump
sum settlement instead of the pension, equal to $3, 500 in 1994, $3, 750
in 1995, and $4,000 in 1996, times the number of years of service,
with a maximum of 30 years. Spouse's, children's and funeral benefits
are also provided. These benefit provisions and all other
requirements are consistent with enabling state statutes.
The City levies property taxes at the direction of and for the benefit
of the association plan and passes through state aids allocated to the
plan, all in accordance with enabling state statutes.
i� 45
Note 9: Pension Plan (cantinued)
B. Fundina Status and Proqress
The amount shown below as the "pension benefit obligation° is a
standardized disclosure measure of the present value of pensior�
benefits, adjusted for the effects oP projected benefit increas�s,
estimated to be payable in the future as a result of service to date.
The measure is the actuarial present value of credited projected
benefits and is intended to help user5 assess the funding status of
the association plans on a going-concern basis, assess progress made
in accumulating sufficient assets to pay benefits when due, and make
comparisons among plans. It is independent of the actuaria� �unding
method used to determine contributions to the plan, discussed in "C"
below.
The pension benefit obligation was determined as part of an actuarial
valuation at January 1, 1993. Significant actuarial assumpt�ons used
include (a) a rate of return on the investment of present and future
assets of 5 percent per year compounded annually, and (b) no post
retirement benefit increases.
An actuarial update to the obligation is performed annually.
On December 31, 1993, the unfunded pension benefit obligation was as
follows:
Pension benefit obligation:
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits $1,406,110
Current Employees
Employer-financed vested 1,321,142
Employer-financed non-vested 167 ,459
Total pension benefit obligation 2,894,711
Net assets available for benefits
(at cost, market equals $2,780,680) 2 848.075
Unfunded pension benefit obligation
No changes in actuarial assumption for benefit provisions that would
significantly affect the valuation of the pension benefit obl�.gation
occurred during 1993.
C. Contributions Required and Contributions Made,
Financial requirements of the association plan are determined on an
actuarial basis using the entry age normal actuarial cost method.
Normal cost is funded on a current basis. The unfunded actuarial
accrued liability is to be funded by December 31, 1999.
46
I Note 9: Pension Plan (continued)
C: Contributions Reauired and Contributions Made (continued)
Contributions at the level s ecified b the last full actua�ial stud
P Y Y
will continue to be made until a new study revises �he eon�ribution
level. The minimum tax levy obligation is the financial requirement
for the year less anticipated state aids, The funding strategy for
norznal cost should provide su�ficient resourees to pay glan benefits
on a timely basis.
Total contributions to the plan in 1993 amounted to $91,82�, of which
$27, 790 was levied by the City of Brooklyn Center and $64, 039 was �rom
the State of Minnesota. The contributed amounts were actuarially
determined as described above and weze based afl an actuarial valuation
as of January 1, 1991. The contributions represent funding for �ormal
cost of $63,946 and the amortization of the actuarial accrued
liability of $19,844.
Significant actuarial assumptions used to compute pension contribution
requirements are substantially the same as those used to determine the
standardized measure of the gension obligation. The computation of
the pension contribution requirements far 1993 was based on the same
actuarial assumptions, benefit provision, actuarial funding method,
and other significant factors used to deter�aine pension contribution
requirements in previous years.
D. Trend Information
Trend information gives an indication of the progxess made in
accumulating suffi�ient assets to pay benetits when due. Ten year
trend information may be found in the Association's annual financial
report for the year ended December 31, 1993. Three year trend
information for the Association is as follows:
1993 1992 1991
Available assets as a
percentage of benefit
obligation 98$ 103� 99�
Unfunded pension benefit
obligation as a percentage
of covered payroll *not *not *not
applicable applicable applicable
City's contribution**
as a percentage of *not *not *not
covered payroll applicable applicable applicable
*The Brooklyn Center Fire Department is a volunteer orgar�ization;
thus, no covered payroll exists.
**The City's contribution was made in accordance with actuarially
determined requirements.
4 7
Note 9: Pension Plan (continued)
E. Related Partv Investments
As of December 30, 1993, the Association held no securities issued by
the City or other related parties.
Note 10: Individuai Fund Disclosures
Deficit fund balances exist in the followina funds: r
Special Revenue Funds:
Ear1e Brown Tax Increment Financing Distri,ct:
Unreserved deficit fund balance $2,145,869
This deficit is being funded through inte�nal borrowing, which will
be repaid from future surplus tax increments.
Capital"Project Fund�s
Special Assessment Construction:
Unreserved deficit fund balance $753,968
This deficit is being funded through internal borrowing. Bonds may
be sold in the future if the balanees of special assessments
receivable becomes large enough to justify an issue.
Note 11: Inter-fund Receivables and Payables
Individual inter-fund receivable and payable bal.ances at December 31,
1993 were as
Follows:
Due From/To Other Funds:
Receivable fund Pavabl.e fund Amount
Economic Development Community Development
Authority Block Grant $147,584
Inter-fund Loans From/To Other Funds:
Receivable fund PaWable fund Amount
General Fund E. Brown T.I.F. 105,074
Municipal State Aid
for Construction E. Brown T.I.F. 593,069
Capital Improvements Liquor Fund 179,944
Capital Improvements Go1f Course 1.080.000
$,1, 958, 087
48
Note 11: Interfund Receivables and Pavables (continued)
Inter-fund Loan Terms:
The loans payable b the Ear1e Brown Tax Increment Financin District
Y g
are interest free and have`no set repayment schedule. The loan
payable by the Liquor Fund is paying interest at the rate of 8.5� and
is repay`ing the loan principal over a period extending through the
year 2000.
The loan payable by the Go1f Course Fund is paying inter�st at the
rate of 5� and'is repaying the loan principal over a period �xtending
through the year 2009.
Note 12: Continaencies
There are several lawsuits pending in which the`City is involved.
City Management estimates that the potential claims against the City
not covered"by 'insurance resulting from such litigation would not
materially affect the-financial statements of the City.
Note 13: Deferred Com�oensation Plan
The City offers its emplayees a deferred compensation plan created in
accordance with I�ternal Revenue Code Section 457. The pla�n, available
to all City employees, permits them to defer a portion of their salary
until future years. The deferred compensation is not ava�lable to
employees until termination, retirement, death, or unForeseeable
emergency.
All amounts of compensation deferred under the p1an, all property and
rights purchased with those amounts, and all income attributable to
those amounts, property, or rights a�e (until paid or made available
to the employee or other beneficiary) solely the property and rights
of the City (without being restricted to the prov�sions of benefits
under the plan), subject only to the claims of the Ci.ty's gene�'al
creditors. Participants' rights under the plan are equal to those of
general creditors of`the City in an amount equal to th� fair market
value of the'deferred account for each participant.
It is the opinion of the City's legal counsel that the City has no
li�bility for losses under the plan but does have the duty of due care
that would be required of an ordinary prudent investor. The City
believes it is unlikely that it will use the assets to satisfy the
claims of general creditors in the future.
The Cit is re ortin the activit of this lan as an a enc fund and
Y P g Y P 5 Y
carries its investment at market value.
49
Note 14: Post-Emnlovment Health Care Benefits
In addition to the pens�.on benefi�ts described in Note 8, tl�e City
provides certain health �are insurance bene�its for city emplQyees who
retire be�ore age 65. Substantially a11 of the City's fu�l time
employees may be eligible for those benefits from the time they retire
with a fuil annuity from PERA (Note 8A), until they reach a,ge 65 or
I become eligible for medicare. Seven employees ct�rrently meet �kha.s
requirement. The cost of retiree health care r�miums for the years
P
ended December 31, 1993 and 1,992 was $13, 996 and $8,199, resp�ctively.
In addition the ex e�ditures in �.993 were inereased b$25,454 and
P Y
reduced by 5,779 in 1992 to acaount for the change in the liabi�ity
for the estimated cost of employees who wi.11 be eligible to enter the
program on or before December 31, 1998.
Note 15: O�eratina Leases
The City leases space for the operation of one of its three municipal,
Iiquor stores, ur�der a five-year lease which expires an January 31,
1994. A new lease has beeM signed which wil�. run through March 31,
1999. The lease prov�des for minimum rent payments, plus a pro-rata
share of common ar�ea expenses. Total xental ex�ense under the lease
agreement for the years ended December 31, 1993 and 1992 was 538,896
and $36,031, respectively. Future minimum rent payments are as
follows:
Year Endinct Amount
1994 $24,933
I 1995 25 447
r
1996 26,327
1997 27,207
1998 28,087
1999 on 7,040
$138, 041
The Ear1e Brown Herita e Center Fund which o as an e�te �i,se
9 P
fund, leases space to five tenants. Four of the leases have te�ms
greater than one year and two of the leases require anMUal rent
increases to cover the anticipated ef���ts of inflation. Rental
revenues and expenditures under tMe lease agreements axe a� follows:
1�93 1992
Rentai Revenues $118,fl45 $113,273
Rental Expendi�ures 93,302 86,532
50
Note 15: Oneratinct Leases (continued)
Total minimum rentals to be received in the future und�r the lease
terms are as follows:
Year Endina Amount
1994 $109,631
1995 90,412
1996 55,$12
1997 27,792
1998 4,632
$288,279
Note 16: Fund Chanctes
The Council established the Central Garage internal service �und as
of December 31, 1993. The Central Garage fund accounts for the
acquisition and maintenance of City vehicles and mov�.bl,e equi,pment.
This fund was established by a transfer of equipment with a net book
value of $1,501,160 from the General Fixed Asset Accoun� Graup, and
equity transfers of 75p,000 and $885,437 from the General Fund and
the Refunding Bonds of 1987 Debt Service Fund, resp�ctively.
The following funds were closed during 1993:
Debt Service Funds Certificates of Ir�debtedness Fund
Park Bonds of 1980 Fund
General Obligation Tax Incr�ment Bonds of 1983
Fund
51
City of Brooklyn Center, Minne�ota
I GENERAL FUND
The Cit o� Brookl Ce ter Ho e R 1 e 'n t'o
y y n m u e Chart r prov�des i S+�c i n
7.�1 that "there shal�. be maintained in the City Treasury a
classificatipn of Funds which shall provide for a General Fun+d gor
the payment of such expenses of the City a� the Cour�cil may deem
proper, and such other �unds as may be required by statute,
ordinance or resolution".
The General�Fund was established to account for al�, r�;venues and
expendi�ure� which are not required to be ac�ounted f4r a.n other
funds. It has more diverse revenue sources than o�l�er funds.
These revenue sou,rces include property taxes, licens�s, pern�its,
fines and forteits, intergovernmental, service charges, rents, and
investment earnir�gs. The Fund's resources finance a wide rang� of
functions inc udin
g the current operatiAns of general gcavernment,
public safety, public works, health a�nd welfare, recreati4n, and
non-departmental expenciitures.
This Fund utilizes the modified accrual b�sis o€ accour�ting.
RevenuES are recoc�nized in the accounta.ng per�od in which tY�ey
beeome avai�able and measurable. Expenditures are recogni�ed �n
the accounting period in which the related liability i,s incurr�d.
52
City of Brooklyn Center A-1
General Fund
BALANCE SWE�T
December 31, 1993
1993 1992
ASSETS
Cash and investments $4,668,426 $�,0$2,80�4
Temporary improvement notes 857,003 856,200
Accounts receivable 50,988 74,079
Taxes receivable 183,987 319,11
Due from other governments 11,9�7 9,561 i
Interfund loan-E. Brown T.I.F. 105,0?4 105,Q74
TOTAL ASSETS $5,877,405 $6,446,83�
LIABILITIES AND �UND BALANCE
Liabilities
Accounts payable $�77,288 $277,406
Due to other governments 4,961
Accrued salaries payable 123,328 111,371
Accrued vacation and sick pay 537,112 528,290
Deferred revenue 323,987 4$9,111
Total Liabilities 1,266 676 1 406 178
Fund Balance T^
Reserved for: Interfund loans 105,074 105,p74
Unreserved fund balance
Designated:
Working capital 4,466,375 4,899,499
Appropriated to next budget 39,280 36,079
Total Fund Balance 4,610,729 T 5,040,652
TOTAL LIABILITIES AND FUND BALANCE $5,877,405 $6,446,830
53
City of Brooklyn Center A-2
General Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1993
1993
Actual Over
or Under(-) 1992
Budaet Actual Budaet Actual
Revenues
Property taxes $5,350,325 $5,006,710 ($343,615) $4,291,322
Licenses and permits 300,230 300,480 250 332,186
Intergovernmental 3,158,489 3,167,214 8,725 3,133,495
Charges for services 1,072,816 838,883 (233,933) 794,876
Court fines 200,000 140,104 (59,896) 148,701
Investment earnings 210,000 249,688 39,688 262,347
Miscellaneous 11,659 29,523 17,864 39,424
Total Revenues 10,303,519 _9,732,602 __(570,917) _9,002,351
Exaenditures
General government 1,685,051 1,560,674 (124,377) 1,797,895
Public safety 4,150,472 3,870,563 (279,909) 3,938,920
Public works 1,841,380 1,756,187 (85,193) 1,594,190
Community services 51,325 41,325 (10,000) 114,579
Parks and recreation 2,192,127 1,999,270 (192,857) 1,783,811
Economic development 190,000 178,703 (11,297) 187,606
Non-departmental 488,164 300,803 (187,361) 273,273
Total Exnenditures 10,598,519 _9,707,525 __(890,994) _9,690,274
Excess or Deficiencv of
Revenues Over ExDenditures __(295,000) ____25,077 ___320,077 (687,923)
Other Financina Sources
Operating transfers in 175,000 175,000 0 140,000
Sale of cert. of indebtedness 120,000 120,000 0___480,000
Total Other FinancinQ
Sources ___295,000
Excess or Deficiencv l-) of
Revenues and Other Financina
Sources Over Expenditures 0 320,077 320,077 (67,923)
Fund Balance January 1 5,040,652 5,040,652 0 5,108,575
Equity Transfer Out (750,000) (750,000) 0 0
Fund $4,290 $4,610,?29 $320 077 $5,040_652
54
S-1
City of Brooklyn Center (Continued next page)
Generai Fund
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1993
1993
Actual Over
or Under(-) 1992
Budqet Actual Budqet Actual
Ad Valorem Taxes
Property taxes $4,948,325 $4,636,996 ($311,329) $3,893,784
Penalties and interest 2,000 (7,459) (9,459) 1,039
Lodging tax 400,000 376,146 (23,854) 394,960
Speciaf assessments 1,027 1,027 1,539
Total Ad Valorem Taxes 5-350,325 5,006,710 G343,615) 4
Licenses and Permits
Liquor and beer 126,000 104,077 (21,923) 110,036
Building permits 95,250 111,297 16,047 114,516
Mechanical permits 18,a00 31,905 13,905 27,861
Sewer and water permits 1,500 620 (880) 3,041
Plumbing permits 7,000 15,701 8,701 12,549
Garbage licenses 2,080 2,005 (75) 2,156
Taxicab licenses 260 540 280 400
Mechanicallicenses 3,100 3,435 335 3,483
Food licenses 0 18,321
Service station licenses 1,720 2,326 606 1,365
Vehicle dealer licenses 900 950 50 900
Bowling licenses 700 708 8 700
Cigarette licenses 1,300 1,055 (245) 1,115
Swimming pool licenses (45) (45) 2,415
Sign permits 1,900 3,i 78 1,278 2,003
Rental dwelling permits 27,975 1 1,089 (16,886) 18,084
Lodging establishments 0 138
Amusement licenses 5,630 5,098 (532) 5,583
Dog licenses 5,915 4,746 (1,169) 5,724
�Aiscellaneous business license 1,000 1,795 795 1,796
Total Licenses and Permits 300,230 300,480 250 332,186
55
S-1
City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1993
1993
Actuai Qver
or Under(-) 1992
Budqet Actual Budqet Actual
Interqovernmental
Federal grants:
Miscellaneous grants $22,347 $25,844 $3,497 $7,560
Total Federal Grants 22,347 25,844 3,497 7,560
State grants:
Local government aid 1,696,677 1,697,804 1,127 1,787,378
Homestead credit aid 1,177,465 1,162,475 (14,990) 1,033,058
Police pension aid 177,000 205,637 28,637 198,632
Fireman pension aid 70,000 64,039 (5,961) 69,110
Police training 15,000 11,415 (3,585) 6,922
Miscellaneous grants 0 30,835
Total State Grants 3,136,142 3,141,370 5,228 3,125,935
Total Interpovernmental Rev. ^T 3,158,489 T 3,167,214 8,725 T^ 3,133,495
CharQes for Services
General government charges 40,000 37,967 (2,033) 34,93�
Public safety charges 21,000 16,861 (4,139) 25,669
Recreation fees 1,011,816 784,p55 (227,761) 734,273
Total CharQes for Services 1,072,816 838,883 �__(233,933) T-- 794,876
Court Fines
Fines 200,000 140,104 (59,896) 148,701
Total Court Fines 200,000 140,104 (59,896) 148,701
ivliscellaneous
Interest on investments 210,000 249,688 39,68$ 262,347
Forfeited drug money 20,990 20,990 21,297
Other 11,659 8,533 (3,126) 18,127
Total Miscellaneous 221�659 279,211 57,552 301,771
Total Revenues $10,303,519 $9,732,6Q2 ($570,91� $9,002,351
------T---
56
S-1
City of Brooklyn Center (Continued from
General Fund prior page)
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1993
1993
Actual Over
or Under(-) 1992
Budqet Actual Bud4et Actual
Other Financinq Sources
Operating transfers in:
Liquor Fund $100,000 $100,000 $0 $65,000
M.S.A. Fund 75,000 75,000 0 75,000
Sale of cert. of indebtedness 120,000 120,000 0 480,000
Total Other Financinq Sources 295,000 295,000 0 620,000
Total Revenues and Other Sources $10,598,519 $10,027,602 ($570,917) $9,622,351
57
City of Brooklyn C�nte� S-2
General Fund
SCHEDULE OF EXPENDITURES BUDG�T ANp ACTUAL (Continued
For the Year Ended December 31, 1993 next pags)
1993
Actual Over
or Under(-) 1992
Budaet Actual Budqet Actual
General Government
Mayor and Council:
Personal services 531,111 $30,94�4 ($167) 530,316
Services and other chaxges 54,43fJ 45,82$ (8,602) 48,160
Total Mavor and Council 85,541 76,772 {8,769) 78,476
Charter Commission:
Services and other charges 1,500 916 (584) 3,113
Total Charter Commission _____1,500 916 (584j 3,113
Administrative Office:
Personal serviGes 290,669 270,717 (19,952) 332,323
Services and ather charges_ 31,012 20,394 f10,618) 58,360
Capital outlay 2,338 2,338 0
Charged to other funds (22,236) (22,236) 0 (77,266)
Total Administrative Office 301,783 T^ 271,213 T �(30,570) 313,417
Elections and Voter Registration:
Personal services 23,834 19,297 (4,537) 36,304
Supplies 0 1,560
Services and other charqes 3,750 3,669 (81) 6,317
Total Elections 27,584 22,966 (4,618) 44,181
Assessor's Office:
Personal services 181,185 184,726 3,541 J.74,040
Supplies 4,100 2,552 (1,548) 3,496
Services and other charges 10,350 2,9�.7 t7,433) 4,488
Capital outlay 0 1 741
Total Assessor's Office 195,635 19(J,195 (5,440) �83,765
Finance:
Personal services 364,485 337,086 (27,399) 351,Q83
Supplies 2,650 2,713 63 1,633
Services and other charges 1,700 1,630 (70) 1,364
Capital outlay 500 652 152 2,100
Charged to other funds (201,436) (195,757) �,679 (206,556)
Total Finance $167,899 T 5146,324 T f$21,575) $149,624
58
City of Brooklyn °Cer�tex S-2
General Fund
SCHEDULE OF EXPEI�ATTURES BUDGET ANII ACTUAL (Continued
For th� Year Encled Deeember 31, 1993 next page}
1�93
Actual Over
or Underf 1992
Budc7,e� Act�al Budqet Actual
General Govern�ent (continued)
Independent Audit:
Services a
nd otk�er charqes $17,50Q $17,500 $Q 516,450
Total IndeDendent Audit 17 500 1'I,500 0 I6,450
Legal:
Services and other eharges 204 T 196 T_' 185,216 f18,98Q�
Tota1 Leaa1 204,196 185,216 �18,980) 2�2,220
i --F-------
Government Buildings:
Personal services 127,932 1I4,388 (I3,544) 246,7'76
Supplies 28,300 27,b89 f1,211} 29,617
Services and othcr chaz�ges 166,830 172,357 4,527 I60,I08
Ca ital outla 4 1 74 1 47
P Y 3.89� 6. 3 8.1 I 29,169
Total Government Buildincr.s ___329�577 ___(28,375} 465,670
Data Processingc
Personal services 55,428 51,048 (4,380) 53,216
Supplies 9,40Q 10,O�10 64Q 5,353
Services and other charges 190,42Q 202,569 21,�49 164,4p0
�apital outlay 73,046 65,850 (7,146) 122,787
Charged to other funds --T_ (2 833f (8.5I2} (5 679) (4,777)
Tota1 Data Proeessina 325,461 319,995 (5,466) 340,979
Total General Government 51,685,p51 51,560,674 (5124,377) $1,797,895
59
I
City of Brooklyn �enter S-2
General Fund
SCHEDULE OF EXPENDTTURES BUDGET AND ACTUAL (Cor��inued
For the 'Year Er�ded December 31, 1993 rlext page)
1993
Actual Ovex
or Under t) 19 9 2
BudQet Actual Budqet Actual
Public Safetv
Police Pzptection:
PersAnal services $2,976,067 $2,81Q.672 ($165,395.? 52,779,280
Supplies 45,419 46,048 629 40,636
Services and other charges 312,206 258,276 (53,930) 233,12�
Capital outlay 74,936 68,460 (6,�76) �5,740
Total Police Protection F 3,408,628 T 3,183,456 �(�25,172) 3,�48,777
Fire Protectian:
Personal services 296,282 272,770 (23,512:) 286,026
Supplies 24,500 24,565 65 22,565
Se�vices and other chargss 35,480 32,Q93 (3,387) 46,763
Capital ou�lay 43,675 36.448 (7,227? --T 62,609
Total Fire Protection, 399,937 365,876 11 (34,Ob1) 4�7,963
Protective Inspection:
Personal serviees 264,211 257,805 (b,406) 3Q5,335
Supplies 1,750 587 (1,163) 1,157
Services and other chargeS 4,575 6,131 1,556 2,136
Capital outlay 850 (850)
Total Protective Ins�ection ___271,386 ____{6,863) 3Q$,628
Emexgency Preparedness: r
Personal services 34,997 30,419 (4,�78) 23,643
Supplies 500 472 (28) 2,135
Services and other charges 7,911 2,880 (5,031) 3,472,
Total Emeraencv Areoared�ess 43,408 ^T^' 33 T 771 T_ (9,637) 29 T 250
Animal Con�rol:
Personal services 16,318 �0,970 (5,346) 11,774
Supplies 320 229 (91) 322
Services and other ct�arc�es 10, 475 11,'�38 1, 263 9, 848
Capital outlay 0 12,358
------T---
Total Animal Control. 27 113 22,937 (4,176) 34,302
Total Public Safetv $4,150,472 53,87Q,563 ($279,909) $3,938,920
60
City pf Braaklyn Center S-2
General Fund
SCH�DULE OF EX�ENDITURES 9UDGET AND ACTUAL (Cont3nued
For the Year Ended December 31, 1993 next page)
1993
Actual Over
or Under(-) 1992
BudQet Actual Budaet Actual
Public Works
Engineering Department:
Personal services 5519,346 5459,526 ($59,82p) $423,429
Supplies 4,250 4.220 (30) 2.928
S rvices and oth r
e e charges 7,925 5,705 {2,220) 6,008
Capital outlay 0 1,077
Charged to other funds (201,045) (140,069J 60,976 (214,247)
Total Encrineerina Dept. T 330,476 -r-- (1,094) T-- 219,195
Street Department:
Personal services 567,167 547,694 (19,473) 535,359
Supplies' 196,417 164,977 (31,440) 125,361
i Services and other charges 154,650 149,476 (5,174) �.23,827
Capital outlay 72,910 51,324 (21,586) 61,856
Charged to other funds (lOQ,000) (100,000) 0 (100,000)
Tcatal Street Dept. 891,1�4 8�3,471 (77,673) 746,403
Maintenance,Shop:
Personal services 163,880 179,290 (4,590) 169,053
Supplies 205,900 222,175 16,275 2�6,867
Services and other chazges 36,300 23,390 (12,910) 80,379
Capital outlay 2,98Q 2,918 (62)
Total Maintenance Shoo 427,773 _-T(1,287)
Traffic Signals and Lights:
Services and other charges 186,000 180,943 (5,057} 159,243
Total Traffie 186,000 180,943 (5,0>7) 159,243
Weed Control:
Services and other charges 4,700 4,618 (82) 3,050
Total Weed Control 4,7p0 4,618 (82) 3,050
Total Public Works 51,841,380 $1,756,187 ($85,193) 51,594,�90
I I
I
61
City of Brooklyn Center S-2
General Fund
SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (Continued
For the Year Ended December 31, 1993 �ext page)
1993
A�tual'Over
or Under(-) 1992
Budagt Actual Budqet Actual
Communitv Services
Health Inspection:
Service and other charges ___$10,000 __($1(J-000) YT^ 584,069
Total Health InsDection 10,000 0 (10,000) 84,069
-------r--
Social Sexvices:
Service and other charges 41,325 41,325 0 30,5�0
Total Social Services 0 ____30,510
Total Community S�rvices $51,325 541,325 ($10,000? 5114,579
Parks and Recreation
Administration:
Personal services 291,710 274,464 (17,246) 276,802
Supplies 11,000 7,873 E3,127? 11,741
Services and other charges 27,100 24,698 (2,402) 23,170
Total Administration 329,810 307,035 (22,775) 311,713
Adu1t Programs:
Personal services 69,926 104,389 34,463 83,660
Supplies 63,797 51,631 (12,166) 45,490
Services and other charges 189,467 150,623 (38,844) 146,544
Capital outlay 296 296
Total Adult Proqrams 323,190 306,939
16,251) 275,694
Teen Programs:
Personal services 8,719 7,735 (984) 5,525
Supplies 548 76� 217 491
Services and other eharges 4,947 5,710 763 6,862
Total Teen ProQrams 14,214 14,210 (4) 12,878
Children's Programs:
Personal services 61,515 62,093 578 62,499
Supplies 11,107 10,963 (144) 10,563
Services and other charges 12,690 12,193 (497) 9,770
Total Children's Proarams B5,312 85,249 (63) 82,832
62
S-2
City pf Brooklyn Center (Continued from
General Fund prior page)
SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL
For the Year Ended December 31, 1993
1993
Actual Over
or Under(-) 1993
Budaet Actual Budaet Actual
Parks and Recreation fcontinued)
General Programs:
Personal services $46,472 $35,415 f$11,057} $46,580
Supplies 1,781 6,371 4,590 8,901
Services and other charges 45,087 38,083 (7,004) 33,818
Total General Proarams 93,340 79,869 (13,471) $9,299
Community Center:
Personal services 474,124 405,021 (69,103) 282,981
Supplies 66,662 61,058 (5,624). 66,550
Services and other charges 151,465 170,339 18,874 147,331
Capital outlay ____13,325 ____(4,974) ____10,297
Total Communitv Center 705,596 644,769 (60,827) 507,159
Park Maintenance:
Personal services 34 645 2 0 14 1 2 7
9, 9 ,3 (59,33 32 ,6 9
Supplies 73,100 73,802 702 56,332
Services and other charges 124,300 113,208 (I1,092) 95,583
Capital outlay 93,620 83,875 (9,745) 29,642
Total Park-Maintenance ___640,665 504,236
Total Parks and Recreation $2,192,127 $1,999,270 ($192,857) 51,783,8�.1
Economic DeveloDment
Convention Bureau:
Services and other charges 190,000 178,703 (11,297) 187,6`06.
Total Economic Development $190,000 $178,703 (511,297) T $187,606
Nondeoartmental
Expenditures not Charged to
Departments:
Personal services 29,�89 206 (29,283) 3,099
Supplies 43,125 26,441 (16,6B4> 19,595
Services and other charge� 405,550 265,078 (140,472) 230,542
Capital outlay 10,000 9,078 (922) 20,037
Total Nondenartmental $488,164 $300,803 ($187,361) $273,273
Total Expenditures $10,598,519 $9,707,525 ($890,994) $9,690,274
63
t
I
City of Brooklyn Center, Minnesota
I
SPECIAL REVENUE FUNDS
I
The S ecial
Revenue Funds are established to aacount for revenues
P
derived from taxes and/or other specific revenue sources. These
I resaurces 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 recqgnized in the
accounting period in which the related liability �s incurred.
Earle Brown Farm Tax Increment Financinq District: 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 puxpose.
Diseased Tree Removal Fund: This Fund was established to account for
the collection ot resources and e�enditure of these resources for
diseased tree control. Costs are reimbursed by private property
owners, or the General Fund, depending upon where the tree was
located.
Communitv Develobment Block Grant Fund: 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.
64
City of Brooklyn Center B-1
Special Revenue Funds
COMBINING BALANCE SHEET
December 31, 1993
Earle Brown
Tax Incr. Diseased Community
Financing Tree Developmen4 Totals
District Removal Block Grant 1993 1992
ASSETS
Cash and investments $39,528 $39,528 $37,303
Accounts receivable 460 460 719
Deferred special assessments 26,430 26,430 31,639
Delinquent special assessments 1,100 1,100 1,767
Due from other governments $422 $147,584 148,006 206,389
TOTAL ASSETS $422 $67,518 $147,584 $215,524 $277,817
u� LIABILITIES AND FUND BALANCES (DEFICITSI
Liabilities
Accounts payable $2,602 $2,602 $6,533
Intergovernmental payable $76,404 76,404 49,671 I
Due to other funds $147,584 147,584 206,389
I Temporary improvement notes 1,371,744 1,371,744 1,525,000
Deferred revenue 27,530 27,530 33,407
Advances from other funds 698,143 698,143 698,143
Total Liabilities 2,146,291 30,132 147,584 2,324,007 2,519,143
Fund Balances (Deficitsl
Unreserved (2,145,869) 37,386 0 (2,108,483) (2,241,326)
Total Fund Balances (Deficitsl (2,145,869) 37,386 0 (2,108,483) (2,241,326)
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS) $422 $67,518 $147,584 $215,524 $277,817
City of Brooklyn Ce�ter 8�2
Special Revenue Funds (Continued next page)
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES- BUDGET AND ACTUAL
For the Year Ended December 31, 1993
Earle Brown Farm
Tax Increment District Diseased Tree Removal
Over Over
Under(-) Under(-)
Bud�et Actual Bud�et Bud�et Actual Budpet
Revenues
Property taxes 31.198,750 $1.508,984 $312.214
Special assessments 517.000 �17,461 $461
Total Propertv Taxes 1,196,750 1,508,964 312,214 17,000 17,461 461
Intergovernmental:
Federal grants
Total Interpovemmental
Charges for services:
Fees 10.000 11.483 1.483
Total Charaes for Services 10,000 11,483 1,483
Miscellaneous:
Investment earnings �g
Land Sale
Total Miscellaneous gpp ggg
Total Revenues 1.196.750 1,508.964 312.214 28,500 30,782 2,282
Exaenditures
Services and other charges 1,100 1,042 (58) 25,000 23,398 (1,602)
Capital outlay p
Interest 170.000 97,853 (72,34�
Total6coenditures 171,100 98,�5 (72,40� 25,000 23,398 (1,602)
Excess of Revenues Over Exnenditures 1,025,650 1,410,269 384,619 3,500 7,384 3,884
Other Financing Sources or Uses (-1
Operating transfers out (1,396,972) (1,284,810) 112,162
Excess or Deficiencv (-1 of Revenues and Other Sources
Over Expenditures and Other Uses (371,322) 125,459 496,781 3,500 7,384 3,884
Fund Balences (Deficitsl Januarv 1 (2,271,328) (2,271,328) 0 30,002 30,002 0
Fund Balances (Deficits) December 31 ($2,642,650) (52,145,869) 5496,781 $33,502 $37,386 $3,884
66
Ciry oi Brooklyn Center 6=2
Special Revenue Funds (Contin4ed from prior page)
COMBINING STATEMENT OF REVENUES, EXRENDITURES, AND CHANGES IN FUNq BALANGES BUDGET AND ACTUAL
For the Year Ended December 31, 1993
Cammunity Development
Block Crant Totals
Qver Over
Under(-) 1983 1993 Under(-) 1992
Budpet Actual Budpet Bu, d�et Actuai Budget Actual
Revenues
Propertytaxes 51,196.750 S1.508.964 5312.214 51.379.425
5pecial assessmente 17,p00 17,4B1 461 17,650
Total ProoertvTaxes 1,213,750 1,528,425 312,@75 1,397,075
IntergovernmentaL•
Federal grants $217.491 a240,781 523,290 217,49# 2A0,781 23.290 251.747
Total interaovemmental 217,491 240,781 23,290 217.491 240.781 23,290 251,747
Charges for services:
Fees 40.000 11.483 1,483 18,770
Total Charaee for Services 10,000 11,4$3 1,483 18,770
Miecellaneous:
Investment earnings 1,500 1,838 338 1,2Q5
Land Sale 0 0 336.327
Total Miscellaneous 1,500 1,838 338 337,532
Total Revenues 217,491 240,781 23,290 1,442,741 1,7$0,527 337,786 2,005,124
Expenditures
Services and other charges 26,100 24,440 (i,S60) 54,803
Capital outlay 0 0 0 137,590
Interest 170,000 97,653 (72,34� 119,511
Total Exaenditures 198,100 122,093 (74,00'n 311,90A
ExcessofRevenuesOverExoenditures 217,491 240,7g1 23,290 1,246,641 1,658,434 411,793 1,693,220
Other Financinq Sources or Uses f-1
Operatingtransfersout (217,491) (240,781) (23,290) (1,614,463) (1,525,591) 88,872 (1,514,826}
Excess or Deficiencv of Revenues and Other Sources
Over Ex�enditures and Other Uses 0 Q 0 (367,822) 132,843 500,665 178,394
Fund Balances (Deficitsl JanuarY 1 0 0 0 (2,241,326) (2,2A1,326) 0 (2,419,720)
Fund Balances (Deficits) December 31 $0 s0 sp ($2,gpg,148) (52,108,483) 5500,8B5 ($2,241,326)
c=cccae�oscmoc�ccT�oszzx=c�c xas�ssc aizzpsc sCSC:r.s sczaCacc caccsCSa aFCaccac qo-�ZC�s
67
L City of Brooklyn Center, Minnesota
DEBT SERVICE FUNDS
The Debt Service Funds were established to accaunt for the payment
(from taxes and other resources) of interest and principal on long-
term general obligation debt.
This fund type utilizes the mod�fied accrual basis of accounting.
Revenues are recognized in the accounting pe�riod in which they become
available and measurable. Expenditures are recogn�zed in the
accounting period in which the principal and interest are due.
The City's Debt Service funds included in this section are:
Certificates of Indebtedness Uebt Service Fund: This Fund accounts
for the property taxes raised to pay the princip�i and interest on
certificates of indebtedness sold to finance the purchase of capital
equipment in�the General Fund.
General Obliaation State Aid Street Bonds Debt Service Fund: This
Fund accounts for the accumulation of state aid allotments, for
payment of principal and interest on bonds issued in 1991 to finance
a comprehensive improvement and upgrading 69th AvEnue North as a state
aid route.
Park Bonds of 1980 Debt Service Fund: This Fu�d was established to
account for the accumulation of resources for payment of prir�cipal and
interest on general obiigatian bonds authorized by the electarate in
1980 to finance the improvement and equipping o� parks, paxk la�nds and.
related public recreational facilities. These i,mprovements include
neighborhood parks, Central Park, Palmer Nature Center, Shingle Creek
Trailway and the Arboretum.
General Obliaation Tax Increment Boands of 1985 1991 Funds: These
Funds were establi�hed to account for the accumulation of resources
for payment of princigal and inteXest on general obligation bonds
issued in 1985 and 1991 to finance the purchase and redevelopment of
the historic Earle Brown Farm in Brooklyn Center.
Refundina Tax Increment Bonds of 1992 Fund:, This fund was established
to account for the resources that will be used to advance refund th,e
Tax Increment Bonds of 1985.
Refundina Bonds of 1987 Fund: This Fund was established to account
for the collection of special assessments for the payment of principal
and interest on general obligation bonds. The bonds were sald du�ing
1987 to xefund Improvement Bonds of 1982.
68
City of 8rookiyn Center C-1
Debt Service Funds
COMBINING BALANCE SHEET
December 31, 1993
Refunding
Tax; Tax Tax
Increment Increment Increment Refunding
Bonds Bonds Bonds Bonds To#als
of 1 S85 af 1991 of 1992 of 1 J87 1993 1992
ASSETS
Cash and investments $477,463 $535,044 $391,305 $1,403,812 $6,832,315
Temporary improvement notes 87,906 98,507 72,043 258;456 446,714
Taxes receivable 21,019
Special assessments receivable:
Deferred 428,305 428,�05 586,902
Delinquent 6,685 6,685 16,016
i0 Restricted Investments $4,184,451 4,184,451
TOTAL ASSETS $565,369 $633,551 $4,184,451 $898,338 �6,281,709 $7,902
LIABILITIES AND FUND BALANCES
Liabilities
Deferred revenue $434,990 $434,990 $623',937
Total Liabilities 434,990 43�,990 623,937
Fund Balances
Reserved $565,369 $633,551 $4,184,451 463,348 5,846,719 7,279,029
Total Fund Balances 565,369 633,551 4,184,451 463,348 5,846,719 7,279,029
TOTAL LIABIUTIES AND FUND BALANCES $565,369 $633,551 $4,184,451 $898,338 $6,281,709 $7,902,966
w rr� �w rw� r� r �s r r�
City of Brooklyn Center G2
Debt Service Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1993
Refunding
State Tax Tax Tax
Certificates Aid Park Increment Increment Increment Refunding
of Street Bonds Bonds Bonds Bonds Bonds Totals
Indebtedness Bonds of 1980 of 1985 of 1991 of.�992 of 1987 1993 1992
Revenues
Property taxes $220,998
$220,998 $632,150
Special assessments $233,087 233,087 266,077
Intergovenmental revenue 58,410 58,410 157,200
Investment earnings 16,628 $8,471 $7,391 217,959 81,873 332,322 244,852
I
Total Revenues 296,036 8,471 7,391 217,959 314,960 844,817 1,300,279
Exoenditures
Principal $665,000 $135,000 $310,000 140,000 350,000 110,000 1,710,000 1,880,000
InterQSt 52,800 171,380 11,78� 392,095 321,750 219,622 17,158 1,186,585 1,195,204
o Fiscai agent fees 200 602 483 400 1,685 7,714
Bond issuance costs 0 79,217
Total Exoendiiures 717,800 306,580 322,382 532,578 672,150 219,622 127,158 2,898,270 3,182,135
Excess or Deficiencv of Aevenues
Over Exoenditures (421,764) (306,580) (322,382) (524,10� (664,759) (1,663) 187,802
(2,053,453) (1,861,856)
Oiher Financina Sources or Uses
Proceeds from sale of refunding bor,ds
0 4,270,000
Operating transfers in 240,000 306,580 560,000 640,000 1,746,580 1,236,007
Operating transfers out (240,D00) (240,000) D
Total Oiher Financing Sources or Uses 240,000 306,580 560,000 640,000 (240,000) 1,506,580 5,506,007
Excess or Deficiencv of Revenues and
Other Sources over Exflenditures
and Other Uses 1 1 7
8 64) 0 {322,382) 35,893 (24,759� (1,663) (52,19$) (548,873) 3,644,151
Fund Balances Januarv 1 0 fl 504,146 529,476 658,310 4,188,114 9,400,983 7,279,029 3,634,878
EquityTransfer In (Out) 181,764 (181,764
(885,43� (885,43� 0
Fund Balances December 31 $0 $0 $0 $565,369 $633,551 $4,184,451 $463,348 $5,846,719 $7,279,029
City of Brooklyn Center, Minnesota
CAPITAL PROJECTS FUNDS
The Capital Projects Funds are established to account foX al1
resources used for the construction or` acquisition of aapital
facilities by the City except those financed by Enterprise Funds.
This fund type utilizes the modified accrual basis of. acccaunting.
Revenues are reeognized 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.
The City's Capital Projects Funds included in this section are:
Cabital Improvements Fund: This Fund was established in 1968 to
provide funds, and to account for the expenditure of such fur�ds, for
major capital outlays including, but not be limited to, construction
or acquisition of major 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
investm2nt 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
benefit�ed properties.
Housina and Redevelopment Authoritv Fund IH.R.A.I: This �und 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 Development Authoritv Fund: This Fund was established to
account for the Economie Development Authority (E.D.A.) of Brook�yn
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 transfers from the C.D.B.G. and H.R.A.
funds.
71
City of Brooklyn Genter D�1
Capital Projects Funds
COMBINING $ALANC� SHEET
December 31, 1 �93
Municipat
State Aid Sp�ial Economic
C�pital for Assessment pevet�ment Tptals
Imprpvements �onstructi0n ConstruGtion Authority
Fund Fund Fund Fund 1993 1992
ASSETS I
Cash and investments $5,325,3�5 $2,123,850 $286,653 $24Q,847 $7,976,715 59,438,874
Temporary improvement notes 980,451 3�1,021 226,951 1,598,423 1,636,944
Accounts Receivable 15,2Q2 15,202 1,745
Taxes receivabie 7,162 7,162 11,Q68
Special assessments:
Deferred 997.$04 997.8Q4 1,095,734
Delinquent 31,423 31,423 2a,422
Due from other funds 147,584 ia7,584 206,389
Due from other governments 1,619,536 .25,000 1,644,536 939,788
Interfund loans
Municipal liquor 179,9a4 179,944 199.201
Golf course 1,080,000 1,OSO,OQO t,080,00Q
Earle Brown T.I.F. DistriCt 593,069 593,069 593,069
Restricted investments 1,QOO,OOQ 1,000,000 t,000,000
TOTAL ASSEfS $7.5f5,760 �4,727,4�6 $1,315,880 51,662,746 515,271,$62 $16,227,234
====omsoxxa �m:zs:sm �s�#sa=s� sssaias:s sssms:sa �:ms�asmea aeaaxsa=ae
LIABILITIES AND FUNQ BALANCES (DEFICITSI
Liabilities
Accounts payable $18,521 $19,495 $3,96� $2p,644 $62,622 $86,654
Accrued salaries and wages 2,4U0 2,�400 1,522
Accrued vacation and sick pay 17,519 �t7,519
Intergovemmental payable 548 548 22,880
Temporary improvement notes 1,036,659 1,p36,659 1,414,8b7
Deferred revenue 1,619,536 1,029,227 7,162 2,6�5,925 2,p69,235
Total Liabilities 18,521 1-639,Q31 2 069,848 T- -48 273 _3 775,673 3 595,148
Fund Balances /Deficits�
Reserved:
Unexpended appropriations 679,551 679,551 1,057,95$
Dedicated housing account 1,000,000 1,OQQ,000 1,000,000
Advances to other funds 1,259,944 593,Q69 1,853,013 1,872,270
Bond proceeds 0 562,130
Unreserved 5,607,744 2,495,376 (753,968) 614,473 7,963,625 8,139,728
Total Fund Balances fDeficits) 7,547,239 3,088,445 (753,968) 1,614,473 11,496,189 1�,632,086
TOTAL LIABILITIES AND
FUND BALANCES (QEFICITSj $T,565,760 �4,727,47'6 �1,315,880 31,GG2,746 �15,271,862 516,227,23A
�_=e�vsaemmC�sas�mOie7eaax�m�m?Raia ias7a�sa7m �ia�ssiF9F aF�.aR.T.i�.i xiei�Fii�ima= a�S�iF��ai�� �aAxxCaaox
T
City of Brooklyn Center D=2
Capital Projecte Funds
COMBINING STATEMENT OF REVENUES, IXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1993
Municipal
State Aid Special Housing Economic
Capital for Aesesement and Development
Improvemente Conetruction Constructio� Redevelop Authority Totals
Fund Fund Fund Fund Fund 1993 1992
Revenues
Property taxes 5121.682 $140.7a0 $262.432 $128.362
Special assessmente 5322,072 322,072 374,442
Intergovernmental 5162.362 16,304 34,792 213,458 794,617
Investment eamings $429,787 223,811 8,358 86,964 748,920 922,578
Other 6,973 665,386 26,785 699,144 452,221
Total Revenues 436,760 386,173 993,816 137,988 289,291 2,244,026 2,672,220
Exoenditures
Personal services 152,008 152,008 64,050
Supplies 31 13,458 45 829 14.363 8,298
Services and other charges B8,168 254,445 105,149 342,5B8 770,330 1,006,963
Capital outlays 159.828 1,074.683 347,600 606.531 2.188.642 2.507,2B9
Interest 113,758 25 113,781 105,511
Total F�c�enditures 228.027 1,342,586 566.550 1.101.961, 3.239,124 3,690,091
6ccess or Deficiencv (-1 of Revenues
Over Exoenditures 208,733 (956.413) 427.266 137.988 (812.870� (995.098) (1,017,871)
Other Financina Sources or Uses(-�
Operating transters in 18,455 378,786 395,221 2,165.219
Operatingtransfersout (381,580) (18,454) (137,986) (536,020) (2,296,12�
Total Other Financina Sources or Uses(-1 (365,12� (16,454) (137,988) 378,786 (140,799) (130,908)
Excess or Deficiencv (-1 of Revenues and Other
Financina Sources Over Enoenditures and
Other Financina Uses 208,733 (1,321,538) 410,812 0 (433,904) (1,135,89� (1,148,779)
Fund Balance (Deficits) Januarv 1 7,338,506 4,d09,983 (1,184,780) 2,048,377 12,632,086 13,780,865
Fund Balance (Deficits) December 31 $7-547-239 s3,088,445 (s'753,968) $1�614�473 511�486,189 $12�632,�086
a=====__
73
City of Brooklyn Center S-3
Capital Improvements Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beainnina to December 31. 1993
Project Over(-) Under
1993 to Date Expended
�e of Pro'�ect Approoriations Exoenditures Ex�enditures Aparopriations
Fire training facility $70,000 $50,000 $50,000 $20,000
Air quality study 21,350 31,128 36,128 (14,778)
Central garage improvements 1,375,000 22,313 22,3i 3 1,352,687
Replat I-94 property 33,000 (603) 36,541 (3,541)
Purchase 4100-51 st Ave. N. 159,397 2,633 159,373 24
ADA trail improv�ements 90,473 84,530 84,530 5,943
S. Palmer Lake parking lot 15,392 14,210 14,210 1,182
Northport Park-apparatus area 9,202 8,821 8,821 381
Central Park playground area 14,995 14,995 14,995 0
Hockey field lights a 4,400 0 14,400
Totals $1,803,2U� $228,027 $426,911 $1,376,298
i w i
i �i /f �i i� �i! i !f
City of Brooklyn Center S-4
Municipal State Aid Construction Fund
PROJECT-LENGTH SCMEDULE OF CONSTRUCTION PROJECTS
From BeqinninQ to December 31, 1993
Project Over(-) Under
1993 to Date Expended
Proiect Appro priation Expenditures Expenditures Approqriations
Engineer certification training $5,000 $340 $1,885 $3,115
Unity Avenue speed humps 4,025 4,6b6 4,656 (631)
Humboldt Avenue improvemerits 5,200 6,806 6,806 (1,606)
TH1D0 signals 8,056 7,594 7,594 462
73rd Avenue improvements 10,100 7 7 10,093
69th Avenue soil correction 997,737 288,804 962,603 35,134 I
Transportation system study 10,000 13,696 20,325 (10,325)
Neighborhood street study 6,200 10,877 13,974 (7,774)
Pavement management program 30,070 21,739 21,739 8,331
Twin Lake trait study 3,633 4,975 4,975 (1,342)
69th Avenue landscaping 315,870 249,713 255,753 60,117
Mobile radar trailer 12,418 12,944 12,944 (526)
69th Avenue reconstruction 59Z,904 632,815 632,815 (34,911)
Brooklyn Boulevard pavement markings 9,140 10,124 10,124 (984)
Traffic counters 2,709 2,709 (2,709)
Sidewalk replacement-Brooklyn Boutevard 59,547 51,834 51,834 7,713
Sidewalk replacement-miscellaneous 16,535 16,405 16,405 30
Freeway Boulevard repair 7,469 6,548 6,548 921
Brooklyn Boulevard layout plan 6,800 6,800
1994 street improvement pro�ram 7,900 7,900
Tatals $2,113,604 $1,342,586 $2,033,696 $79,9Q8
City of Brooklyn Center S-5
Special Assessment Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From BeQinninq to December 31, 1993
Project Over(-) Under
1993 to Date Expended
�e of Pro'� A ro riations Ex�enditures Exnenditures Approqriations
69th Ave Reconstruction $2,486,162 $476,781 $2,530,937 ($44,775)
James, Knox 54th Avenue street study 15 15 (15)
I
Northwest area improvements 7,417 7,417 (7,417)
Totals $2,486,162 $484,213 $2,538,369 {$52,207)
I
I
r
City of Brooklyn Center, Minnesota
ENTERPRISE FUNDS
The Enterprise Funds were established to account for the financing oE
self supporting activities of the City which render services on a user
charge basis to the general public.
I� 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. E�enses
are recognized in the period incurred, if objectively measurable.
The City's Enterprise Funds included in this section are:
Municipal Lictuor 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 Heritaqe 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 eleven rooms available to complement convention
activities or be rented individually. Several 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 recycZing program. Expansion into refuse collection
will take place only when there is a clear advantage to be achieved
by it.
Water Utilities Fund: This Fund accounts for the rovision of water
P
to customers. 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 Waste Control Commission whose
fees represent about 75% of this fund's expenses.
Storm Drainacre 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.
r
City of Brooklyn Center E-�
Enterprise Funds (Continued next page)
COMBINING BALANCE SHEET
December 31, 1993
E. Brown
Municipal Golf Heritage Recycling Water Sanitary Storm
Liquor Course Center Refuse Utility Sewer Drafnage Totals
ASSETS Fund Fund Fund Fund Fund Fund Fund 1993 1992
Current Assets
Cash and cash equivalents $43,890 $48,624 $226,874 $69,260 $1,043,208 $2,976,747 $402,224 $4,810,827 $4,201,398
Accounts receivable net 3,774 219,368 7,648 63,806 151,458 45,832 491,886 311,339
Accrued revenue 16,210 125,875 286,165 95,607 523,857 480,492
Assessments receivable:
Deferred 84,550 1,738 86,288 91,806
Delinquent 3,745 115 3,860 3,839
Due from other governments 164,721 164,721 104,959
Inventories 274,491 6,009 21,793 17,497 319,790 283,961
Prepaid expenses 1,323 37,030 114,989 153,342 148,588
Total Current Assets 323,478 54,633 505,065 93,118 1,338,681 3,695,933 543,663 6,554,571 5,626,382
m Restricted Assets
Temporary cash investments 3,700,000 300,000 4,000,000 4,000,000
Fixed Assets
Mains and tines 8,081,664 5,928,788 102,914 14,113,366 13,278,233
Structures 327,595 303,321 9,509,130 4,176,173 1,633,678 15,949,897 16,177,204
Equipment 149,535 142,673 955,423 193,809 174,505 69,291 1,685,236 1,646,062
Land 107,405 1,391,711 925,000 23,938 3,388 287,158 2,738,600 2,451,442
Land improvements 4,228 30,728 2,600 37,556 37,556
588,763 1,868,433 11,389,553 12,478,184 7,740,359 459,363 34,524,655 33,590,497
Less: Allowance for depreciation 272,392 139,181 1,133,062 3,898,674 2.313,069 6,685 7,763,063 7,284,190
Total Fixed Assets 316,371 1,729,252 10,256,491 8,579,510 5,427,290 452,678 26,761,592 26,306,307
I
TOTALS $639,849 $1,783,885 $10,761,556 $93,118 $13,618,191 $9,423,223 $996,341 $37,316,163 $35,932,689
xezaa� :m�axas �assm�ma �aaseexe� axmmss c�oeee=a amaeaass �samz� �eaee=ev :maaQem�
r■� a�s rs �s �s �r +rr +rr +r� +r �w a� a I
a��e r� +�s �r rs �r �s �r s�r rp r
E-i
(Continued trom
E. Brown prior page)
Municipal Golf Heritage Recycling Water Sanitary Storm
Liquor Course Center Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund Fund Fund Fund 1993 1992
LIABILITIES AND FUND EOUITY
Current Liabilities
Accounts payable $78,403 $3,644 $�90,631 $8,411 $32,245 $90,848 $30 $404,212 $294,177
Accrued salaries payable 5,737 925 33,448 4,247 816 45,173 18,023
lntergovernmental payable 0 19,326
Accrued vacation and sick pay 21,477 2,254 8,609 11,620 43,960 39,901
Temporary improvement note 30.5,479 3p5,479 0
Current portion of long-term debt 20,959 20,959 19,257
Total Current Liabilities 126,576 6,823 53{3,167 8,411 48,112 91,664 30 819,783 390,684
Lona-Ter�n Liabilities
ConstrucUon loan 158,985 1,080,000 1,238,985 1,259,944
I
Totaf Lona-term LiabiUties 158,985 1,084,000 1,238,985 1,259,944
Fund Equity
Contributions 692,206 a 0,223,370 4,997,510 5,668,426 21,581,512 21,874,890
Retained earnings
Reserved:
speciai assessments 88,�95 1,853 9U,148 95,645
Plant expansion 3,700,000 30t1,040 4,000,000 4,000,000
Unreserved 354,288 4,856 19 84,707 4,784,274 3,361,280 996,311 9,585,735 8,311,526
Total Retained Earninas 354,288 4,856 19 84,707 8,572,569 3,663,133 996,3�y i3,675,883 12,407,171
Totai Fund Eauitv 354,288 697,062 1Q,223,389 84,707 13,570,079 9,331,559 996,311 35,257,395 34,282,061
TOTALS �639,849 $1,783,885 $10,761,556 $93,118 $13,618,191 $9,423,223 �99F,341 $37,316,163 �35,932,689
�aazssa aaamsa �azaam�a asmmlRaao saaat� �aama�a�a esa�maaa s�amass as�:aa=� zcac�a=a
City of Brooklyn Center �_2
Enterprise Funds (Continued next page)
COMBINING STATEMENT OF RE1/ENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1993
E. Brown
Municipal Golf Heritage RecyGing Water Sanitary Storm
Liquor Course Center Refuse Utiiity Sewer Drainage Totals
Ooeratina Revenues Fund Fund Fund Fund Fund Fund Fund 1J93 1992
Saies and user fees $2,615,955 $280,033 $1,812,093 $106,763 �848,134 $2,114,429 $639,837 $8,417,244 $7,161,117
Cost of sales 1,976,173 29.352 239,i64 2,244,689 2,039,205
Net O�eratina Revenues 639,782 250,681 1,572,929 106,763 848,134 2,114,429 639,837 6,172,555 5,121,912
o O_peratinq Expenses
i Personal services 356,468 128,636 914,048 317,283 182,430 100,339 1,999,204 1,724,539
Supplies 6,481 16,061 128,897 567 66,699 13,999 234,704 205,080
Other servtces 51,705 17,801 423,723 103,527 128,901 a,439,959 59,705 2,225,321 2,232,689
Insurance 31,534 3,767 17,220 52,�21 43,751
Utilities 23,119 8,943 128,677 144,216 17,782 322,717 302,646
Rent 38,896 30,876 69,772 53.416
Depreciation 29,044 23,238 343,228 267,279 126,055 6,685 795,527 818,13D
Total Ooeratina F�c�enses 537,247 198,444 1,986,669 104,094 926,378 1,780,205 166,729 5,699,766 5,380,251
O�eratina Income (Loss� 102,535 52,237 (413,740) 2,669 (78,244) 334,224 473,108 472,789 (258,339)
I�' i �I
a� +�s� r rr +�■�r �r► �s w� �w rr. �s �r �rr ss �s
E-
{Gontinued from
prior page)
E. Brown
Municipal Golf Heritage Recycling Water Sanitary Storm
Liquor Course Center Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund Fund Fund Fund 1993 1992
Nononeratina Ftevenues or Exoenses(-1
lnvestment earnings $3,124 $2,332 $4,388 $280,860 $201,091 $28,138 $519,933 $531,703
Special assessmenis:
Service hookups delinquencies 30,101 306 30,407 28,580
Other revenue 601 820 615 2,036 3,145
Interest and fiscal agent fees j16,193) (54,000) ($14,298) (84,491) (84,838)
Nononeratin�aTotals (12,468) (51,668) (14,298) 4,388 311,781 202,012 28,138 467,885 478,590 �i
Income Before O�eratina Transfers 90,067 569 (428,038) 7,057 233,537 536,236 501,246 940,674 220,251
Operating Transfers In 84,810 84,810 334,727
Operating Tra�sfers Out (100,000) (100,000) (65,000) I
Net Income (Loss� (9,933) 569 (343,228) 7,057 233,537 536,236 501,246 925,484 489,978
Depreciation on contributed assets
that reduces contributed capital 343,228 343,228 335,605
Retained Earninqs,tan. 1 364,221 4,287 19 77,650 8,338,032 3,126,897 495,065 12,407,i7a 11,581,588
Retained Earnings December 31 $354,2�8 $4,856 $19 $84,707 $S,SZ2,569 $3,663,133 $996,311 $13,675,883 $12,407 171
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I
City of Brooklyn Center E-3
Enterprise funds (Continued next page)
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1993
E. Brown
Municipal Golf Hsritage Recycling Water Sanitary Storm.
Liquor -Course Center Refuse Utilit�r Sewer Drainage Totals
Cash flows from oneratina activities: Fund Fund Fund Fund Fund Fund Fund t993 1992
Operating income(loss) $102,535 $52,237 {$413,740) $2,669 ($78,244) $334,224 $473,108 $472,789 {$258,339)
Adjustments to reconcile operating income
jloss) to net cash provided by {used for)
operating activities:
Depreciation 29,044 23,236 343,228 287,279 126,055 6,685 795,527 8'18,13U
Chan�es in assets and liabilities:
Accounts receivable (1,005) (150,926) (2,882) (11,36� (89,915) (22,08n (278,177) (58,323)
Inveniories (�1,355) 2,155 {21,793) (4,836) (35,829) 31,i24
Prepaid expenses 29,511 (36,260) 1,995
(4,754) (23,402)
Accounts payable 10,3�5 1,824 98,482 (8,085) 5,327 (7,615) (9,619) 90,709 (191,772)
N Accrued salaries and leave 5,638 {82� 25,285 1,193 {38) (4� 31,209 (11,5t3)`
Other nonoperating income 601 30,921 821 32,443 31,725`
Net cash nrovided bv (used ior�
ooeratinq activities 165,364 78,630 (155,724) {8,298) 210,278 365,627 448,040 1,103,917 337,830
Cash flows from noncapital financina activities:
Net borrowings{repayments) under
revolving loan arrangemen; {i9,25� 305,479 286,222 {65,693)
interest paid on revolving loan {18,193) {54,000) (14,298) �84,491) {$2,898)
Operating transfers in 84,810 84,810 334.727
Operating transfers out (100,000) (100,000) (65,000)
Netcast��rovided bv(usedfor�
noncaoital financina activities (13b,4b0) �54,000) 375,991 0 0 0 U 186,�41 121,136
�s �s s r�e �r w► a�s �+rr �w■► rs r rNr r� ir
E-3
(Continued from
pr�or page)
E. Brown
Municipal Golf Heritage Recyclin� Water Sanitary Storm
tiquor Course Center Aefuse Utility Sewer Drainage Totals
Fund Fund Fund Fund Fund• fund Fund 1993 1992
Cash llows from capital and related
financina activities:
Capital eontributions 49,850 $49,850 $151,167
Acquisition and construction of
capkal assets ($6,069) ($7,634) (28,839) (�413,324) ($400.284) ($394,862) {�,250,812) (1,303,208)
Princip�l paid on revenue bonds 0 {45,000)
Interest paid on revenue bonds 0 (1,940)
Proceeds from sale of equipment 0 258
i Net cash orovided b�(used for) ca ital
o� and related financina activities (6,069) (7,634) (28,839) 0 (413,324) (350,434) {394,662) (1,200,962) (1,198,723)
w
Cash ilows from investinQ activitias:
Interest on investments 3,124 2,332 a4,388 280,860 201,091 28,138 519,933 531,703
Change in restricted assets 0 121,755
Netcash pt'ovided bvinvestinq
activit(es 3,124 2,332 0 4,388 280,860 201,091 28,138 519,933 653,458
Net increase {decrease) in cash and
cash equivalents 26,969 19 191,428 {3,91� 7�,814 216,284 81,516 609,429 (86,499)
Cash and cash eauivalents at
b,�e innina oi the 16,921 29,296 35,446 73,170 965,394 2,760,463 320,708 4,201,398 4,287,897
�ash and cash equivalents at
end of the year 543.890 $48,624 5226.874 �69,260 $1,O�t3,206 �2,976.747 $402,224 �,810,827 $4.20�,398
s�ss�s�assaass�ass �.ssat#s�s. :sssss sssssa sa�ss� as�ssss a�ass:� iii=iii ass��:z sssssss
E-�4
City of Qrooklyn Center
Municipal Liquor Fund
STATEMENT OF REVENUES, EXPENS�S, AND CHANG�S IN RETAINED EARNINGS
For the Year Ended December 31, 1993
1993 1992
Sales
Liquor $860,914 $835,492
Wine 265,333 28C,301
Beer 1,318,596 1,3�3,225
Soft drinks 57,352 55,463
Other merchandise 113,760 114,186
Total Sales 2�615,955 2-664,667
Less: Cost of Sales 1,976,173 2,011,103
��.��r�T �.T�T����
Net Oneratina Revenues 639,782 653,564
�eratinq Expenses
Personal services 356,468 343,673
Supplies 6.�481 8,358
(Jther services 51,705 51,496
Insurance 31,534 30,548
Utilities 23,119 20,367
Rent 38,896 36,031
Depreciation 29,04�4 28,764
Total O�erati�a Exoenses 537,247 519,237
Oneratina Income 102,535 134,327
Nonoperatina Revenue or Expense(-1 T
Investment earnings 3,124 1,200
Qther revenue 601 1,115
Interest and fiscal agent fees (16,193) (17,757)
Total Nonooeratinq (12,468) (15,442)
O�eratina Transfers to General Fund 100,000 65,000
Net Incame (Loss) (9,933) 53,885
Retained Earninas Januarv i 364,221 310,336
Retained Earnings December 31 $354,288 $364,221
=��=s_=
84
E-5
City of Brooklyn C�nter
Gaif Course Fund
STATEMENT OF R�VENU�S, �PE�1�ES, AN� CMaN .f,���a IN RETAINED EqRNINGS
For the Year Ended December 31, 1993
1993 t992
Oaeratina Revenues
Green fees $2i3,469 $216,�91
Rentals 7,G44 8,885
Leagues 8,219 6,217
Gotf lessons 11,1 fli 1 i,433
Concessions 1 i,348 18,599
Merchandise t9,91$ 20,545
Pop machine 1,825 2,342
Miscellaneous 50s 45i
^_R_
Total OneratinQ Revenues 284,033 284,923
Less: Cost of Sales 29,352 28,102
Net O�eratinQ Revenues 2�0,681 256.821
Qperatinq Expenses
Personai services 128,63& 12fi,t45
Supplies t6,Q61 13,8$3
Other ser�rices 17,801 14,219
Insurance 3,T67 3,7'6�
Utiiities 8,9�t3 9,770
Depreciation 23,236 25,435
Total Operatinq Ex�enses t98,444 189,221
O�eratinq Income 52,237 67,640
Nonoperati,na Revenue or Exiaen�ef,R;�
Investment earnings 2,332 3,633
Interest and fiscal agent fees (54,Ot?0) (56,t��}
TotatNano�reratinq ��i,sss> Es2,3��
Net Income 569 15,233
Retained Earninqs (DeficiU Januarv t T 4.2$7 _(t0,9�4&}
Retained Earnings Qecember 31 $4,85f $4,2E37
85
1
Giry of Brooklyn Center E-6
Earle Brown Heritage �enter Fund
STATEMENT OF REVENUE�, �XPENSES, AN� CMANGES fN RETAIN�D �ARNINGS
For the Year Ended December 31, 199$
1993 1992
O�eratina Revenues
Conventions $536,118 $423,015
Catering 946,306 73,689
I.nn on the Farm 211,624 185,18Q
Office Rents 11$,045 113;273
Totai Oneratinq Revenues 1,812,083 795,157
�1.��w�.�� ��wTr.���n�
Less: Cost of Sales 239,164
Net O�eratina Revenues 1,57�,929 795,157
Operatfiq Expenses
Personai s rvi
e ces
t A� 048 6 4 842
9
0
Suppiies 128,897 60,576
Other services 423,723 307,791
Insurance 17,220 9,43�4
Utilities 12$,677 120,715
Rent 3Q,$76 17.385
17�epreciation 343,228 3�5,605
Total Oc�eratinp Exr�enses 1,9$6,669 1,456,548
Operatina Loss (413,7�40) (C61,191)
Nono�eratinq Revenue or Ex�nse(-�
interest and fiscal agent fees (14,298) (9,141)
Totai Non�o�eratinq (14,298) (9,141)
O�eratina Transfers In 84,810 334,727
Net Loss (343,228) (335,605)
Deoreciation on contributed assets that
reduces contributed capital 343,228 3�5,6Q5
Retained Earninps Januarv 1 19 19
Retained Earnin s December 31 ^-_'T ^T �19
9
��=C_�
86
E�7
City of �rooklyn �enter
Rec�cling Refuse Fund
STATEMENT OF REVENUES, EXP�NSES, AND �CH�4NG�S IN'I��TAINE� EARNINGS
For the Year Ended DeGember 31, 1993
1993 1992
O�erating Revenues
Recycling service fees $106,19� $103,862
Recycling container sales �67 �gg
Total O�eratinq Revenues 106,763 104,261
Operatinq ExAenses TT_-^---
Supplies 567 3�9
Other services
1 �3,527 1 Q3 534
Total OperatinQ Ex�enses 104,094 103,933
Operatinq Income (Loss
26 9
6 328
r___
Nono�eratinq Revenues
Investment earnings �,�gg q,,79�
Total Nono�eratin
q T 4,388 4,792
Net Income
,05 5120
Retained EarninQs January 1 77,650 72,530
Retained Earnings December 31 $84,707 $77,650
___________________==T-
-s�-
�itjf Q€ �6f�Q�C1yR �en��f E-8
Vlf�t�� U�iE� ��r�
STATEMENT OF REVEI�JU��,: ��R���S �lE� GH�N�i�� �N RETAINEQ ��RNI1�lG�'
For �he `��ar Er�d�cf [7�c�rr�r 3�, t��
19�33 19�
O�eratina Revenues
Service to eustam�rs $?72�4U1 $&t3,�3�``
Sale of ineters �f1�3�� 1"8,4a1
Penatties 45.387 �4,'����
Total D�erati� Rer�enues �,�34 8�,85�7
Operatina Ex�enses
PersonaF services> 31'7,�83 �4�",313'
Supplies 68,699 i�5�.38�3
Utilities 1�8,901 134,.9Q�
Contractual services f44,2t� 1'73,7'99
Depreciation 2`�7,279 23�,4h4�'
Total O�eratina Ex��n� 926,37€3 995,85�"'
Operatin4 Loss (78,244}
Nonooeratina Reven��:� ar Exc�ns$sf
Investment earnings 28fl,860 28fr,�U1`
Speciaf assessm�n�s (fan c��k�ps de�ir�qugnc.�s} 30,1Q1" 28,2��'
Other 82p 1',767
Interest and fiscal fges (1',�Q}
_T _r_
Total Nano�eratinc� 311,781 314,61 'f'
Net fncome 233,537 �15;6i6
Retained Earninas Januarv 1 8,339,032 8,t23,+�1�r
����.���.��rt �.+w�rr.+.
Retained Earnings Decemb�r ��4 $$,�72,569 $�,339,a3�'
_88_ r
City of Brooklyr� Cent�r E-9
Sanitary Sewer Fund
STATEMENT OF REVENUES, EltPENSES AND CHANG�S IN RETAINEQ EARNINGS
For the Year Ended Dec�mber 31, 1993
1993 1992
Oqeratina Revenues
Service to customers $2,11 �F,429 $1,92Q,796
Operatina Exnenses
Personal services 182,430 199�990
SuPRlies 13,99� 12,985
UtilitieS 17,762 16,889
Contractual services 75,240 71,898
Metro Waste Control Cpmmission Charges 1,364�719 1,411,582
Depreciation 126,055 194,879
Total Ooeratina Ex��nses 1,780,205 1,908,23�
O�eratina Income 3�4,224 12,563
Nono�eratina Revenues
Investment earnings 201,091 221,547
Speciat assessments (for hookups delinq�tencies) 30fi �97
Other 615 263
Total Nonooeratinq 202�012 222,107
Net Income 536,236 234,67Q
Retained Earninqs Januarv 1 3,126,897 2,892,227
Retained Earntngs Decemaer 31 $3,663,133 $3,126,897
�s�._
i s9
City of Brooklyn Center E�10
Storm Drainage Fund
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EAR(�INGS
For the Year Ended D�cember 31, 1993
199� 1992
O�eratina Revenues
Service to customers $639,837 $494,4a6
Total O�eratina Revenues 639,837 494,456
I Operatin4 Ex�enses
Personal services t00,339 1 Q1,576
Supplies 3,481
Contractual services 59,705 102,370
Depreciation 6,fi85
Total Ooeratina Exnenses 166,729 207,427
Oberatinq Income 473,108 287,029
Nono�eratinq Revenues
Investment earnings 28,138 1�,OS0
Total Nononeratinq 28,138 14,030
Net Income 501 246 301 059
I
Retained Earninas Januarv 1 495,065 194,006 i
Retained Earnings December 31 $996,311 $495,065
90
City of Brooklyn Center, Minnesota
INTERNAL SERVICE FUNDS
Internal Service Funds are used to account, on a cost reimbursement
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.
Public Em�lovees 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 empinyees 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.
Currently investment earnings are sufficient to provide benefits. 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 on December 31, 1993
to account for the acquisition and maintenance of all City vehicles
and rolling stock eguipment. 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.
91
City of Brooklyn Center F
Internal Service Funds
COMBINING BALANCE SHEET
December 31, 1993
Employee Central
Retirement Garage Totals
ASSETS Fund Fund 1993 1992
Current Assets
Cash and cash equivalents $1,062,926 $1,635,437 $2,698,363 $1,017,036
Total Current Assets �062,926 1,635,437 2,698-363 1 �017,036
Fixed Assets
Equipment 3,136,597 3,136,597
i
Less: Allowance for depreciat�on 1,635,437 1,635,437
Total Fixed Assets 1,501,160 1,501,160
TOTALASSETS $1,062,926 $3,136,597 $4,199,523 $1,017,036
LIABILITIES AND FUND EQUITY
Current Liabilities
Accrued health liability $216,544 $216,544 $191,090
Total Current Liabilities 216,544 216,544 191,090 f
Fund E uit
Contributions:
Transfers from:
General Fund 750,000 750,000
Refunding Bonds of 1987 885,437 885,437
General Fixed Asset Account Group 1,501,160 1,501,160
Total Contributions 3,136,597 3,136,597
Retained Earnings:
Unreserved 846,382 846,382 825,946
Total Fund EQUitv 846,382 3,136,597 3,982,979 825,946
TOTAL LIABILITIES AND FUND EQUITY $1,062,926 $3,136,597 $4,199,523 $1,017,036
92
City of Brooklyn Center F-2
Internal Service Funds
COMPARATIVE STATEIVIENT OF REVENUES, EXP�NSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1993
EmqloYee Retirement Fund
1993 1992
Operatina Exaenses
Personal services $39,450 $2,420
Other services 2,000
Total Oneratina Exoenses 41,450 2,420
Operatina Loss (41,450) (2,420)
Nono�eratina Revenues
Investment earnings 61,886 64,047
Total Nononeratino 61,886 64,047
Net Income 20,436 61,627
Retained Earninqs Januarv 1 825,946 764,319
Retained Earnings December 31 $846,382 $825,946
93
City of Brooklyn Center F�3
Internal Service Funds
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1993
Employee Central
Retirement Garage Totals
Fund Fund 1993 1992
Cash flows from ooeratina activities:
Operating loss ($41,450) ($41,450) ($2,42fJ)
Adjustments to reconcile operating
loss to net cash used for operating
activities:
Changes in assets and liabilities:
Accured he I h li ili
a t ab t 25 454 25 454 5 779
Y
Net cash used for operatina activities (15,996� (15,996) (8,199)
Cash flows from capital and related
financina activities:
Capital contributions $1,635,437 1,635,437
Net cash qrovide
d bv capital and related
financinq activities: 1,635,437 1,635,437
Cash flows from investinq activities:
Interest on investments 61,886 61,886 64,047
Net cash provided bv investina activities 61,886 61,886 64,047
Net increase in cash and cash e uivalents
q 45,890 1,635,437 1,681,327 55,848
Cash and cash equivalents at beqinnina
of the vear 1,017,036 1,017,036 961,188
Cash and cash equivalents at end of
the year $1,062,926 $1,635,437 $2,698,363 $1,017,036
94
City of Brooklyn Center, Minnesota
AGENCY FUNDS<
e c u ds are es abli hed to account for assets held b the City
AglzyFn t s
as an agent for other City Funds, governments, or individuals.
I The Agenc� Funds are maintained on the modified aecruai basis of
accounting.
The City's Agency fund included in th�s section is:
Emx�lovee Deferred Comnensation Fund: This fund was established to
account for fun�s on deposit with the tr�stees who ad�ninister the City
sponsored deferred compensation plan.
95
Cit of Br okl n Center G
Y Q Y
Employee Deferred Comper�sation Fund
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
For the Year Ended December 31, 1993
December 31, December 31,
1992 1993
Balance Additions Deduction Balance
ASSETS
Investments for deferred
compensation plans held
by trustees (1) $2,241,152 $381,653 $90,070 $2,532,735
TOTAL ASSETS $2,241,152 $381,653 $90,07Q $2,532,735
=s=���_�
LIABILITIES
Due to employees f�or
deferred compensation $2,241,152 $381,653 $90,Q70 $2,532,735
TOTAL LIABILITIES $2,241,152 $381,653 �90,07(J $2,532,735
(1) Investments are report�d at market value.
96
City of Brooklyn Center, M�innesota
GENERAT� FIXED ASSET ACCOUNT GROUP
The General Fix�d Asset Account Group was establ�shed to aecount fo�
the City�s fixed assets which are not aecounted for in an enterpri�e
fund, and which are tangible in nature, have a life longer than �he
current fiscal year, and have a significant value, Depreciatior� is
not recorded on tho�e ass�ts.
97
City of Brooklyn Center S-6
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE
For the Year Ended December 31, 1993
January 1, December 31,
1993 1993
Balance Acauisitions Disposals' Balance
Investments in General Fixed Assets
Land $2,368,459 $1,342 $2,369,801
Buildings and improvemen#s 4,856,703 87,645 4,944,348
Park improvements 2,869,112 94,152 $9,643 2,953,621
Furniture 937,602 75,050 17,026 995,626
Departmental equipment 4,119,975 199,388 3,322,419 996,944
Total Investments in General
Fixed Assets $15,151,851 $457,577 $3,349,088 $12,260,340
Sources of Investments
General Indebtedness $1,277,653 $120,000 $282,406 $1,115,247
General Fund revenues 6,373,011 214,294 1,4p8,658 5,178,647 1
Liquor store income 217,020 47,969 169,051
Contributions 233,344 51,577 181,767
Capital projects funds 5,997,247 123,283 1,325,601 4,794,929
Federal grants 1,053,576 232,877 820,699
Total Sources of Investments $15,151,851 $457,577 $3,349,088 $12,260,340
Includes $3,136,597 transfer of fixed assets to the Central Garage Internal
Service Fund.
98
r r� +�r rr �r rr �r +r w �r �r
s-�
City of Brooklyn Center
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 1993
Other
Function Land Buildinps Improuements E ui ment Total
General gouernment $�40�4,910 $�40�4,910 I
Gouernment buildings $303,770 $�4,308,51 �4 $286,8�45 40,208 �4,939,337
Public safety 50,�450 1,07�4,918 1,125,368
Public vuorks 9,793 137,672 1�47,465
Recreation 29�4,�481 29�4,�481
Parks 2,066,031 595,591 2,666,776 40,381 5,368,779
Totals $2,369,801 $�4,96�4,3�48 $2,953,621 $1,992,570 $12,280,3�40
S-8
City of Brooklyn Center
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
For the Year Ended December 31, 1993
General Fixed General Fixed
Assets Assets I
January 1, December 31,
Function 1993 Additions Deductions 1993
0
0
General government $344,766 $94,309 $22,791 $416,284
Government buildings 4,642,559 267,866 140 4,910,285
Public safety 1,937,102 473,718 54,376 2,356,444
Public works 1,537,239 99,084 115,010 1,521,313
Recreation 275,794 10,799 268 286,325
Parks 5, 505, 714 166, 411 10, 925 5, 661, 200
Totals $14,243,174 $1,112,187 $203,510 $15, 51,851
i i
City of Brooklyn Center, Minnesota
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The General Long Term Debt Account Group was established to aecount
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.
101
�I
i
H
City of Brooklyn Center
COMPARATIVE STATEiVIENT OF GENERAL LONG-TERM DEBT
December 31, 1993 and 1992
December 31,
1993 1992
Amounts Available and to be Provided
Amounts available m Debt Service Funds $5,846,719 $7,279,029
Amounts to be provided:
From future tax increments 9,048,281 9,070,971
i
From future gas tax allocations 2,750,000 2,885,000
Total Available and to be Provided $17,645,000 $19,235,000
General Lona-Term Debt Pavable
General Obligation Bonds $310,000
Certificates of indebtedness 545,000
G.O. State Aid Street Bonds $2,750,000 2,885,000
Special Assessment Bonds 275,000 385,000
Tax Increment Bonds y4,620,000 15,110,�00
Total General Long Term_Debt $17,645,000 $19,235,000
ioz
�r �r �r �w► rr r �r �r +�■�e r
City of Brooklyn Center
SUMMARY OF DEBT SERVlCE REQUIREMENTS TO MATUAITY
December 31, 1993
G.O. State G.O. Special G.O. Tax Total Debt
Aid Street Bonds Assessment Bonds Increment Bonds Servlce Reauirements
Year Princi�al Interest Princi�al Interest Princi�,al Interest Princi�al Interest
1994 145,000 164,071 100,000 11,912 535,000 904,570 780,000 1,080,553
1995 150,000 156,325 85,000 7,131 590,000 871,130 825,000 1,034,586
1996 160,000 147,872 50,000 3,550 670,000 831,995 880,000 983,417
i
1997 170,000 138,588 40,OOQ 1,100 1,140,000 777,523 1,350,000 917,21�
1998 180,000 128,478 1,270,000 705,825 1,450,000 834,303 �I
o i
1999 190,000 117,560 1,450,000 622,383 1,640,000 739,943
i
2000 205,000 105,706 1,610,000 526,271 1,815,000 631,977
2001 220,000 92,740 1,810,000 416,806 2,030,000 509,546
2002 230,000 78,788 2,005,000 292,282 2,235,000 371,070
2003 245,000 63,821 2,115,000 155,820 2,360,000 219,641
2004 265,000 47,496 1,425,000 42,750 ,1,690,000 90,246
2005 285,000 29,616 285.000 29,616
2006 305,000 10,141 305,000 10,141
$2,750,000 $1,281,202 $275,000 $23,693 $14,620,000 �6,147,355 $17,645,000 $7,452,250
aasa�ES asssaas sacross Qa�affi st:aamas aaas:s�s ss��sa:s :a�:e�a:
�I
I
I
City of Brooklyn Center, Minnesota
STATISTICAL SECTION
The statistical section presents comparative statistical data for the
past ten years, and other pertinent information involving taxe5,
revenues, expenditures, bonded debt, property valuations, insuranee
coverage and miscellaneous statistics.
This information is int�nded to be usefu� and of interest to inve�tors
in City bonds, financial institutions, and others interested in
municipal government financial statistics.
104
City of Brookiyn Center TABLE 1
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
Last Ten Fiscal Years
Community
Fiscal General Public Pubiic Health Parks and Economic Non- Total
Year Government Safet� Works Services Recreation Develooment Deoartmental Exnenditures
1984 $1,112,173 $1,985,108 $1,383,039 $30,437 $1,319,298 $337,624 $6,167,679
1985 1,283,050 2,143,843 1,560,842 34,326 1,389,075 416,937 6,828,073
1986 1,487,876 2,288,062 1,549,584 45,294 1,405,020 378,688 7,154,524
0 1987 1,532,185 2,604,773 1,552,532 48,185 1,597,901 313,860 7,649,436
I
1988 1,768,607 2,716,205 1,768,918 69,117 1,706,516 $162,271 310,475 8,502,109 i,
1989 1,793,495 3,103,222 1,754,800 81,043 1,814,391 16$,305 347,315 9,062,571 j
1990 1,570,143 3,474,108 1,866,847 114,633 1,842,294 169,942 396,550 9,434,517
1991 1,591,108 3,950,862 1,827,052• 104,706 1,870,385 177,179 414,149 9,935,441
1992 1,797,895 3,938,920 �,594,190 114,579 1,783,811 187,606 273,273 9,690,274
1993 $1,560,674 $3,870,563 $1,756,187 $41,325 $1,999,270 $178,703 $300,803 $9,707,525
(1 j Funds included in this table are the General Fund.
I� i
City of Brooklyn Center TABLE 2
GENERAL GOVERNMENTAL
REVENUES AND OTHER FINANCING SOURCES BY SOURCE (1)
Last Ten Fiscal Years
General Other
Fiscal Property Licenses Intergovern- Charges f�r Fines and Financing Totai
Year Taxes Permits mental Services Forfeitures Misc. Sources Revenue
1984 $2,407,352 $296,667 $2,524,494 $919,786 $15$,823 $337,201 $330,452 $6,974,785
1985 2,444,153 387,806 2,618,957 979,543 1$7,045 348,316 311,926 7,277,746
1986 2,566,220 411,406 2,866,442 965,527 224,753 318,453 341,403 7,694,204
0 1987 2,541,016 345,019 3,060,252 1,1 �4,203 269,903 310,613 166,888 7,807,894
rn
1988 3,318,656 329,783 3,078,491 1,215,635 243,952 363,918 337,871 8,888,306
1989 3,325,101 365,247 3,628,255 1,124,167 278,812 425,356 176,b05 9,323,443
1990 3,854,798 297,495 3,201,888 919,537 215,804 443,623 174,825 9,108,070
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 I
1993 $5,006,710 $300,480 $3,167,214 $838,883 $140,104 $279,2� 1 $295,000 $10,027,602
(1) Funds included in this table are the General Fund.
I
City of Brooklyn Center TABLE 3
TAX LEVIES AND TAX COLLECTIONS (1)
Last Ten Fiscal Years
Colleciions Percentage Collections
of Current ofi Levy of Prior Total Delinquent
Year's Taxes Collected Year's Taxes Collections Delinquent Taxes as
Year During Fiscal During Fiscai During Fiscal Total as a% of Taxes a% of
Collected Tax LeW�, Period Period Period Collections Tax Lew Receivable Tax Lew
1�84 $2,836,568 $2,721,413 95.�3% $111,59�6 $2,833,OOS 95.86% $29�0,746 10.25%
1�85 2,931,266 2,657,094 50.85% 17$,705 2,835,803 56.74% 386,2US 13.18%
1�86 2,$86,824 2,849,382 58.70% 32,73� 2,882,121 S�.$4% 350,912 13.54%
1587 3,356,789 3,242,573 35.46% 68,65� 3,311,224 97.48% 73,052 2.15%
I
19�88 3,576,812 3,488,174 �7.52% 13,OS0 3,501,2fi4 57.8�% 105,521 2.9�5%
158� 3,505,850 3,418,111 s7.50% 55,502 3,473,613 �s.08% 84,948 2.42%
1SSO 4,0�2,978 3,857,576 �4.25% 12,241 3,869,817 94.55% 221,09�7 5.40%
15�1 4,670,606 4,47$,115 95.88% 75,443 4,557,558 �7.5$% 248,882 5.35%
1592 5,072,385 4,818,43� 94.9�8% 8,8�8 4,825,337 55.13% 351,19� 6.�2%
159�3 $5,491,707 $5,204,161 9�4.76% ($121,158) $5,083,003 92.56% $185,400 3.45%
(1) Funds included in this table are the General Fund, Certificates of Indebtedness, Park Bonds, H.R.A., and E.D.A..
(2) Includes property taxes only; lodging tax and tax increments are excluded.
City of Broddyn Center TABLE 4
ASSESSED VALUE AN� ESTIMATED MARKET VALUE DF ALL TAXABLE PROPERTY (1)
Last Ten Fscal Years
1984 1985 1988 1987 1988 1989 1990 1991 1992 1993f�
Populatlon 30,820 30,630 30,287 29,756 29,420 28,578 28,810 28,887 28.558 28.558
Real Propert
Aseeseed value (2): Tex Tau (3) Tax Tex Tax
City: Capacity Capacity Capacity Capacity Capaciry
Reeidentlal S'78.112.774 s81.072.1P8 590.912.548 t91.928.248 590.182.927 i11.834.805 s10.133.274 s9.730.898 s9.193,012 s9.077.238
Non-residential 124,305,853 128,444,984 125,108.858 139,433,986 154.031.356 19,707,824 18,185,832 16,305,888 18,013,701 14,654,123
Area-wideallocation (8.388.458) (2.134.213) (2.087.533) (1�345.864) (8�148.881) (977.841) (].385.23� (1�384�836� (1.550.09� (1.533.78�
198,052,171 205,382.909 213,924,873 230,017,381 238,045,H01 30,584,588 24,953,871 24,851,830 23.856,818 22,197,594
LeseTettlncrementDieVict 78,000 742,474 4,057,811 5,437,588 9,784,473 2,097,505 1,540,518 1,315,724 1,374,157 1,184,328
Total asseesed value 198.974,171 204.640,435 209,887,082 224,579,7�i 226,281,128 28,487,083 23,413,353 23,338,106 22,282,459 21,013,286
Estimated Market Value 775,182,400 788,107,800 813,377.800 854,846.550 910,338,300 950.463.900 1,000,2�,000 1,016,754,000 1,015,988,800 978,404,100
Pereonal Prc�ertY
Aeeeseed value 4,148,728 4.278.221 4,291,916 4,296,001 4,510,313 190,298 530,526 539,121 543,237 549,751
0
i Eetlmated marketvalue 6,848,200 9,944,700 9,981,200 9.980,700 10,489,100 3.827,500 10.810,520 10,584.700 11,349.900 11,951,100
Total Taxable ProDertv
Aaeeseed value 5203,122.897 s208.916,858 5214,158.978 s228,875,794 Z230,771,441 s28,657,382 523,943,879 s23,875,227 Z'12.825,H68 521,563,017
sas za sam:asxza xzassssss :scc:ssaa �ss:sa::c :z:�sexea ssasaaxa=e as-------- :----zsmam ase==xaese
Eadmated marketvalue 5784.810,800 s798.052,500 5823,359.000 5884.837.250 5920.825,400 s954.081,400 �1,010,879,520 51,027,318,700 51,012,179,300 s990.355.200
s_��_�s:s zss�:sa:: m:�zssz:s snsssaaea xm=eeeacs x=____nasm z�msxxamoc e=_ aee exoveexmse
Aseeseed Yalue as a oercent of
Esdmated Market Value 25.8846 26.18% 28.01% 26.48% 25.0846 3.00% 2.3794 2.3296 2.2896 2.18%
Per Caaita Valuations
A�eseed Value 58,591 58.821 =7.078 s7.�1 s'7.844 57,003 s831 s827 s'798 s755
Eatimated Maricet Value Z25,484 s26.055 527.203 Z29.061 531,298 533,386 a35,088 s35,583 535.443 s34.879
(1) Source: City of Brooklyn Center Asaessing Department I�
(2) The Minnesota Legislature changed the property tax system for taxea payable in 1989. The ta�c base of property was changed from asseseed values to tax capacity values.
(3) The reduction in reaidentlal values is due to a change in the state mandated formula hom groes tax capacity to net teu capacity.
(4) The 1983 population esHmate was noi available. The t982 population eetlmate was used.
I
City of Brooklyn Center TABLE 5
DIRECT AND OVERLAPPING TAX RATES AND TAX LEVIES (1)
Last Ten Fiscal Years
TAX RATES IN MILLS {2) Hennepin
School Districts 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 Cit 3 School Eari Brown Osseo Robbinsdale Anoka Districts Earl Brown Osseo Robbinsdale Anoka
1984 17.096 1.446 49.965 54.909 58.326 55.225 35.007 103.514 108.458 111.875 107.328
1985 16.506 1.490 49.332 51.199 56.100 52.830 34.443 101.771 103.638 108.539 103.779
1986 17.183 1.535 52.545 54.345 59.450 55.740 35.566 106.829 108.629 113.734 108.489
1987 18.167 1.421 49.640 SSJ83 56.932 54.926 35.315 104.543 110.686 111.835 108.408
1988 19.237 1.493 59.372 61.859 58.433 62.181 38.405 118.507 120.994 117.568 119.823
TAX RATES IN TAX CAPACITY RATES(2)
1989 14.260 1.223 43,440 54.465 49.189 51.384 32.898 91.821 102.846 97.570 98.542
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 42.457 134.529 132.469 129.328 130.143
0
TAX LEVIES IN DOLLARS School Districts Hennepin
County Total Ciry,
Year Vo-Tech No.286 No.279 No.281 No.11 Special Schools,
Collectible Cit 3 School Earl Brown Osseo Robbinsdale Anoka Districts and Countv
1984 $2,836,968 $287,933 $3,328,173 $3,090,749 $3,178,504 $1,279,696 $7,085,080 $21,087,103
1985 2,931,266 310,394 3,442,445 3,014,744 3,187,821 1,286,533 7,207,150 21,380,353
1986 2,886,824 327,794 3,776,253 3,194,101 3,476,104 1,329,107 7,593,315 22,583,498
1987 3,396,789 293,194 3,900,388 3,409,323 3,726,934 1,327,348 8,088,560 24,142,536
1988 3,576,812 307,506 4,602,806 3,782,157 3,875,906 1,537;601 8,862,771 26,545,559
1989 3,505,850 293,205 4,059,518 3,770,603 3,791,546 2,179,665 8,776,213 26,376,600
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 4,596,778 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
(1) Sources: (1984-1991) Hennepin County Department of PropertyTax Publie Records.
{1992-1993) City of Brooklyn Center Assessing Department
(2) The tax base of property was changed from assessed values to tax capacity values by the Minnesota Legislature in 1989.
(3) Includes ta�c levy for the Housing and Redevelopment Authority of Brooklyn Center.
City of Brooklyn Center TABLE 6
SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS
Last Ten Fiscal Years
Percent
Current Coilections Total
Special Percent Collection Collections
Year Assessment of of Prior Total to Current
Collecte� Billinqs Amount Billinqs Years Collections Lev�
1984 $813,013 �768,241 94.49% $79,617 $847,858 104.29%
1985 715,185 6;38,756 97.70% 84,781 783,537 109.56%
I
0 1986 631, 296 631,165 99.98% 11, 953 643,118 101.87%
1987 572,851 552,168 96.39% 3,139 555,307 96.94%
1988 556,028 526,594 94.71% 2,723 529,317 95.20%
1989 562,484 545,242 96.93% 59,944 605,186 107.59%
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%
1993 $488,163 $469,814 96.24% $21,188 $491,002 100.58%
City of Brooklyn Center TABLE 7
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND� NET DEBT PER CAPITA
Last Ten Fiscal Years
Less: Ratio of Net Net
Gross Amounts Net Bonded Debt Bonded
Fiscai Estimated Assessed Bonded in Debt 8onded to Assessed Debt Per
Year Pooulation Value Debt (1� Service Fund Debt Values C apita
1984 30,820 $203,122,897 $2,545,000 $628,786 $1,916,214 0.94% $62.17
1985 30,630 208,916,656 2,290,000 846,014 1,443,986 0.69% 47.14
1986 30,267 214,158,978 2,020,000 945,736 1,074,264 0.50% 35.49
i 1987 29,759 228,875,794 1,740,000 683,294 1,056,706 0.46% 35.51
1988 29,420 230,771,441 1,440,000 751,408 688,592 0.30% 23.41
Less: Ratio of Net Net
Tax Gross Amounts Net Bonded Debt to Bonded
Fiscat Estimated Capacity Bonded in Debt Bonded Tax Capaciry Debt Per
Year Po�ulation Value Debt (1� Service Fund Debt Value C aaita
1989 28,578 28,657,382 1,130,000 274,843 855,157 2.98% 29.92 I
1990 28, 810 23, 943, 879 950, 000 44$, 846 501,154 2.09% 17.40
I
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 (2) 28,558 $21,563,017 $0 $0 $0 0.00% $0.00
(1) Includes only bonded debt supported by property taxes.
(2) 1992 population estimate.
I
I
City of Brooklyn Genter Table 8
I� COMPUTATION OF �EGAL DEBT MARGIN
�ecember 31, 1993
Es#imated rnarket value for taxes payable in 1993 $990,355,240
�tebt limit, 2% of market value 19,807,104
Totat bonded debt 17,645,UUd
Deductions (See Note 5):
A. Bonds:
i. S ecial Assessment �onds 275,Q�30
P
i 2. State Aid Str�.et Sands 2,750��4
I 3. Tax tnerement Bonds 14,620,OQ0
7otal Deduct�ons 17,645,QQ0
Total De�# Applicable to Debt Limit 0
r--T -T-
Legal D�bt Margin, December 31, 1993 $19,807,104
r ��2
City of Brooklyn Center TABLE 9
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31,_1993
Ci#y's Share
Govemmentat Unit Gross Debt Sinkina Funds Net Debi Per�ent Amount
Direct flebt: Citv of Brooklvn Center (11 $0 $0 $D 10ti.0�/o $0
flverlapping Debt:
School Districts:
No.281 Robbinsdale 295,000 265,659 29,341 10.7% 3,139
No.11 Ar�oka 98,503,635 45,851,499 52;fi52,13fi 5.9�/0 3,106,476
Na 279 Osseo 151,975,000 51,�76,)61 10�,�98,839 7.3�/0 7,336,415
No.286 EarlBrown 5,1D0,000 266,556 4,833,444 i00.0�/0 4,833,444
Metropolitan Transit 3,000,000 1,646,000 1,354,Ofl0 1.2�/a 16,24$
Metropolitan Council (2) 10�,270,fl00 29,701,203 70,568,799 1.1 �/0 776,25�
Hennepin County 85,335,DQ0 6,866,787 78,468,213 2.1�/0 1,647,832
Hennepin County Park Reserve District 12,650,000 774,483 11,875,517 3.i�o 368,141
w TotalOverla in Debt 457,128,635 136,848,348 320,280,287 18,087,952
Total Direct and Overiapping Debt $457,128,635 $136,848,348 $320,280,287 $18,087,952
{1) Includes vNy general obligation debt which is being repaid through praperty taxes. I
(2) Excludes $293,455,000 less $31,327,349 in sinking funds of �letropotitan Council issued G.O. Sewer Bonds. These I
bonds are supported from sewer charges to governments (including Brooklyn Center) in the metropolitan sewer system.
Di�ect Overlapping I
Comoarative Net Debt Ratios Charaeable to Citv To�ai Debt De#t
Debt to tax capacityvalue $21,583,017 83.889�0 0.009�0 83.88%
Debtto market vaiue $990,355,200 �.83�/0 0.00�/0 1.83%
Per capita debt, population 28,558 $833.38 $0.00 $633.38
TMBLE 10
City of Brooklyn Cen#er
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BON�ED pEBT TO TOTAL GENERAL EXPENDITURES
L�st Ten Fiscal Years
Debt Service
Total (1) Total (2) as Rercent
Debt General of General
Year Princi�al Interest Service Ex�enditures �er�ditures
1984 $255,000 $250,132 $505,132 $6,167, 679 i 9Q/o
1985 255,000 251,095 506,095 6,828,Q73 7:41%
1986 275,000 507,558 782,558 7,154,524 10.94a/�
o
1987(3) 2,475,000 930,252 3,405,252 7,649,436 44.52
1988 640,000 682,561 1,322,561 8,502,109 15.56�'/0
19$9 635,000 626,068 1,261,068 9,062,571 13:92%
1990 530,000 585,992 1,115,992 9,434,517 11,83�l0
1991 940,000 746,401 1,686,401 9,935,441 1$:�7%
1992 4 1 880 000 1 t 95 204 3 075 204 9 690 274 31.7��fo
1993 $1,710,000 $1,186,585 $2,896,585 $9,707,525 29:84pfo
(1) For years 1984 through 1986, General Obligation Bonds and G.O.
Tax lncrement Bonds are included. From 1987 onward, Improvement
Bonds, formerly Special Assessment Bonds, are also included.
From 1991 onward, Certificates of Indebtedness are included.
(2) The fund included in the expenditures column is the General Fund.
(3) Amounts for 1987 are higher because of the issuance of Refunding
Bonds of 1987 and the defeasance of Improvement Bonds of 1982.
(4) Amounts for 1992 are higher because Tax fncrement Bonds of 1983
were called for payment prior to maturity.
i ��4
City of Brooklyn Center TABLE 11
SCHEDULE OF WATER REVENUE BOND COVERAGE
Last Ten Fiscal Years
Ratio of
N et
Non- Net Revenue
Operating Operating Gross Revenue to Debt
Year Revenue Revenue Revenue Expenses(1� Available Princi�al Interest Total Service
1984 $482,558 $496,357 $978,915 $459,771 $519,144 $40,000 $15,600 $55,600 9.337 :1
1985 546,817 512,538 1,059,355 478,958 580,397 45,000 14,040 59,040 9.831 :1
1986 473,279 488,834 962,t13 506,466 455,647 45,000 12,399 57,399 7.838 :1
1987 556,222 412,553 968,875 489,374 479,501 45,000 10,786 55,786 8.595 :1
1988 694,654 375,061 1,069,715 695,395 374,320 45,000 8,8$9 53,889 6.946 :1
1989 687,982 425,030 1,113,012 665,629 447,383 45,000 7,180 52,180 8.574 :1
1990 696,147 440,644 1,136,7�1 604,497 532,294 45,000 5,425 50,425 10.556 :1
1991 703,422 390,�21 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 $500,81fi $0 $0 $0 N/A
(1) Excludes depreciation and interest on bonds.
Ciry of Brooklyn Center TABLE 12
PROPERTY VALUE, CONSTRUCTION AND BANK QEFOSITS
Last Ten Fiscal Years
Commercial Residential
Construction (1) Construction (1) Property Value (2)
Bank
Year Value Units Value Comrraercial Residential Non-Taxable Deposits(31
1984 $6,037,900 77 $8,954,300 $268,460,800 $506,701,600 $52,828,091 N/A
1985 29,553,108 14 827,700 201,274,889 586,929,400 62,287,088 N/A
1986 14,689,661 157 9,737,806 199,882,500 613,694,000 64,906,838 N/A
1987 7,220,527 9 885,202 246,784,100 608,890,900 92,384,868 N/A
rn
1988 5,084,601 66 3,073,500 286,096,300 634,230,700 89,745,168 N/A
1989 7,288,205 4 278,138 321,452,800 678,898,700 83,719,768 $219,077,986 I
1990 5,750,567 1 65,249 333,967,220 676,912,300 83,719,768 202,261,488
1991 4,719,147 7 450,745 339,358,500 677,299,800 87,479,168 201,944,158
1992 5,547,668 14 948,810 344,860,700 667,318,600 107,747,100 199,800,971
1993 $7,598,108 7 $505,000 $322,295,300 $668,059,900 $108,955,700 $200,539,494
1 Construction values were su lied b the Cit of Brookl n Center Rlannin De artment,
P Y Y 9 P
O R Y
(2) Estimated market values wer8 supplied by #he City of Brooklyn Center Assessing Department.
(3) Bank deposits were supplied by the banks.
City of Brooklyn Center TABLE 13
PRINCIPAL TAXPAYERS
December S1, 1993
Percentage
1993 of Tota1
Market Market
TaxQaYers Tv�e of Business Valuation (11 Value
S C Ltd Partners Brookdale Shopping Genter $65,468,800 6.61
Ryan Construetion Office Buildings 15,165,600 1.a3%
Dayton-Mudson Corp Department Stores 14,667,900 1.48%
Cammerciat Partners Brookdale Square Shopping
Center 11,723,000 1.18%
Norman Chazin Apartment Buildings 1 p,305,OQ0 1.04�/0
Sears Roebeck and Company Department Store 8,000,000 0.81 p/o
Shingle Creek Ptaza U Land, Warehouse and Office
Buildings 7,750,300 0.78%
Carson Pirie Seott Department Store 7,290,300 0.74%
Lutheran BrotMerhood Office/V1/arehouse 6,695,000 0.68%
NW R
aquet Clubs Health CIubJFitness 6,369,200 0.64%
���4�.�
Total Market Value $153,435,100 15.49a/o
-=s=a
TOTAL CITY MARKET VALUE $990,355,200
(1) Market vatues were supplied by the Gity of Brooklyn Center Assessing Departrnent.
-il�-
City of Brooklyn Center Table 14
SCHEDULE OF INSURANCE COVERA�GE
Effective January 1, 1994 (Continued next page)
Poli Period
�Y
Tvpe of Coveraae and Details From To Liabilitv Limits
I. Statuto Liabili m I
rv tv to E p ovees
a. Workers' Compensatian 01-01-94 01-01-95 Statutory
(participant in the League
of Minnesota Gities Insurance
Trust Self-insured Workers'
Compensation Program)
II. Liabilitv to the Public
a. Comprehensive general liability include the following additional coverages:
(a) A!! employees as additionat insureds
(b) Personal injury coverage to include false arrest, libel, slander, wrongful
entry or eviction or ir�vasion of �ight of privacy.
(c) Broad contractual liability
(d) Rroducts liability
(e) Publie Officials' liability
(1) Bodily injury 01-01-94 01-01-95 $600,Q00 combined Single timit
(2) Property damage 01-01-94 p1-01-95 $6d0,000 combined single limit
(3) Personal injury 01-01-94 01-01-95 $600,000 combined single limit
b. Automobile liabiliry,
corr�prehensive 01-01-94 01-01-95
(1) Bodily injury $600,000 occurrence
(2) Property damage $600,000 accurrence
(3) Uninsured motorist $600,000 occurrence
c. Liquor stores' dram shop 01-01-94 01-01-95 $1,000,000 �ach common
cause
d. Goif Course and Central Park 04-01-94 10-31-95 $1,000,000 each common
liquor liability cause
e. Personal accident, Council 03-01-94 03-01-95 $100,OOQ accidental death
Commissions $400/week short term disability
f. Personal accident, Volunteers 01-01-94 12-31-95 $100,000 accidental dea,�h
$400/week short term disability
$1,000 Medical
l
��8
Cit of Brookl n CEnter Table 14
Y Y
SCHEDULE OF INSURANCE COVERAGE (Continued from prior page)
Effective January 1, 1994
Buildings
and
Policy Period Structures Content:
(Replacement (R�placement
Tv�e of Coveraqe and Details From To Cost� Costl
111. Insurance on Citv Prouertv 01-01-94 01-01-95
a. Public and institutional
property, all risk, blanket
$29,317,000; $1,000 deductible
replacement value on buildings.
(1) Civic Center $6,016,000 $1,Q47,000
(2) East Fire Station $594,800 $149,000
(3) Municipal Service Garage $1,360,100 $536,000
(4) Elevated Water Towers 3 locations $3,531,700 $0
(5) Park Shelter Buildings 17 locations $1,479,900 $55,000
(6) Pump Houses 10 locations $914,90Q $110,000
(7) Lift Stations 10 locations $1,063,400 $71,000
(8) Meter Station $16,400 $0
(9) Storage Building $407,300 $0
(10) Outdoor lighting systems 7 locations $316,000 $0
(11) Liquor Store and Fire Station $591,200 $307,8Q0
(12) Humboldt Liquor Store $233,100 $160,000
(13) Leased Liquor Store $48,400 $160,000
(15) Pedestrian Bridge 2 locations $1,090,900 $0
(16) Picnic Shelter $55,400 $0
(17} Earle Brown Heritage Center $7,179,600 $1,421,000
(18) Centerbrook Golf Course Club House $307,200 $22,000
(19) Centerbrook Golf Course Garage $32,100 $2,000
(20) Lions Park Concession Stand $34,800 $3,000
Liability Limits
b. Boiler and machinery 01-01-94 01-01-95 ffi3.000.000 �er accident
c. Automotive physical damage 01-01-94 01-01-95
(y Comprehensive ACV $250 deductible
(2) Coltision ACV $500 deductible
IV. Criminal Acts
a. Faithful performance blanket position $100,000 per loss
b. Money and securities (broad form) Various
c. Depositor's forgery $100,000
119
I City of Brookl n Center TABLE 15
Y
DEMOGRAPHIC STATISTICS
Last Ten Fiscal Years
School Enroliments (3)
Mpls-St. Paul No. 286
Fiscal Unemployment C.P.I. No.11 No.279 No.281 Earle
Year Po�ulation Rate �/o Anoka Osseo Robbinsdale Brown
1984 30,820 4.8% N/ A 1,103 2,039 700 1,310
1985 30,630 4.5% N/ A 1,032 2,003 567 1,326
1986 30,267 3.9% 1.3% 1,011 1,838 555 1,361
1987 29,759 4.1 3.09/0 989 1,674 570 1,376
1988 29,420 3.5% 5.0% 989 1,674 563 1,456
1989 28,578 3.5% 4.1 671 1,674 563 �,652
1990 28,810 3.2% 4.1 642 1,616 540 1,747
1991 28,887 4.6% 2.39/0 807 1,680 521 1,327
1992 28,558 4.4% 1.4% 671 1,178 526 1,709
t 1993 (4) 28,558 4.3% 2.7% 691 1,106 5�40 1,685
(1) Minnesota Department of .lobs and Training, Research and Statistics Dept.
Twin Cities metro area average for year. 296-6545
(2) U.S. Department of Labor, Bureau of Labor Statistics. 290-3996
All urban consumers, (CPI-U) 1982-84, second half change from prior year.
(3) School enrollment data was supplied by the schools.
{4) 1992 population estimate.
120
TABLE 16
City of Brooklyn Center (Continued
MISCELLANEOUS STATISTICAL FACTS next page)
December 31, 1993
Date of Incorporation February 14, 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 105.69
County s•�9
State 10.79
Miles of Storm Sewers 41.13
Number of Street l+ghts: Owned by N.S.P 1012
Owned by City 73
Building Permits: Number Estimated
Issued Cost
1993 520 $11,437,250
1992 573 14,286,465
1991 466 8,800,980
1990 504 8,035,605
1989 526 19,217,696
1988 554 10,846,987
1987 573 10,421,724
1986 604 28,594,810
1 �85 521 32,328,938
1984 545 15,606,354
City Employees as of December 31, 1993
Regular full-time 145
Temporary or part-time 165
Total 310
Fire Protection:
Number of Stations 2
Number of Full-time Employees 1
Number of Volunteer Firemen 33
Police Protection:
Number of Stations 1
Number of Full-time Employees 53
Number of Part-time Employees 2�
121
City of Brooklyn Center TABLE 16
MISCELLANEOUS STATISTICAL FACTS (Continued from
December 31, 1993 prior page)
Parks and Recreation:
Park property totals 522 acres developed to serve a wide variety of
recreational interests. Area include playlots, playgrounds, playfields,
trails, nature areas and an arboretum.
Playgrounds 17
Park shelters 17
Ice skating rinks 7
Hockey rinks 5
Softball diamonds 26
Baseball diamonds 6
Tennis courts 18
Basketball courts 15
Municipal Water Plant
Number of connections 8,881
Average daily consumption in gallons 3,103,260
Peak daily consumption in gallons 6,302,000
Plant capacity gallons per day 17,652,000
Miles of water mains 114.582
Number of fire hydrants 837
Number of wells 9
Number of etevated reservoirs 3
Storage capacity in gallons 3,000,000
Water rate per thousand gallons $0.82
Municipal Sewer Plant;
Number of connections 8,804
Miles of sanitary sewer 104.98
Daily disposal capacity in gallons 10,938,240
Number of lift stations 10
Residential rate per quarter $42.50
Municipal Liquor Stores (Off-sale):
Number of owned stores 2
Number of leased stores 1
1993 sales $2,615,955
Elections:
Last General Election November 3, 1992
Registered voters 20,640
Votes cast 15,642
Percentage of registered voters voting 76�/0
Last Municipal Election 1992
Registered voters 20,640
Votes cast 15,642
Percentage of registered voters voting 76%
122