HomeMy WebLinkAboutCAFR-1985 COMPREHENSIVE
AN N UAL
AUDITED FINANCIAL REPORT
of the
CITY MANACER
of
BROOKLYN CENTER, MINNESOTA
For The Year Ended December 31, 1985
GERALD G. SPLINTER, CITY MANAGER
i
1
Prepared by
THE DEPARTMENT OF FtNANCE
Paul W. Holmlund, Director
(Member of Government Finance Officers
Association of the United States and Canada)
I
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31 1985
TABLE OF CONTENTS
Exhibit Page
Number Number
INTRODUCTORY SECTION
Title Page
Table of Contents
Listing of City Officials 1& 2
Organization Chart 3
Location Map of City Properties 4
City Manager's Letter 5& 6
Finance Director's Letter 7_ �g
Certificate of Conformance 19 20
FINANCIAL SECTION
Auditor's Opinion 2�
Combined Statements Overview:
Combined Balance Sheet All Fund Types and
Account Groups 1 22 23
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances All Governmental
Fund Types 2 �4
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances Budget (GAAP Basis)
And Actual General and Special Revenue Funds 3 25
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary
Funds 4 26
Combined Statement of Changes in Financial
Position Proprietary Funds 5 27 28
Notes to Financial Statements 2g 5�
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City of Brooklyn Center
COMPREHENSIVE ANNUAL �'INANCIAL REPORT
Year Ended December 31 1985
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Combining and Individual Fund Financial Statements:
General Fund:
Comparative Balance Sheet A-1 52
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget
(GAAP Basis) and Actual A- 53
Schedule of Revenue Budget and Actual
Objective Classification S- 54 56
Schedule of Expenditures Compared to
Budget (GAAP Basis) S-2 57 61
Special Revenue Funds:
Combining Balance Sheet B-1 62
Combining Statement of Revenues,
Expenditures and Changes in Fund
Balances Budget and Actual B-2 63 65
Debt Service Funds:
Combining Balance Sheet C-1 b6
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances C-2 67
Capital Projects Funds:
Combining Balance Sheet D-1 68
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances D-2 6g
Project-Length Schedule of Construction
Projects Capital Projects Fund S-3 70
Project-Length Schedule of Construction
Projects Municipal State Aid
Construction Fund S-4 71
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31 1985
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Special Assessment Funds:
Combining Balance Sheet E-1 72 73
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances E-2 74
Project-Length Schedule of Construction
Projects S 75
Enterprise Funds:
Combining Balance Sheet F-1 76 77
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings F-2 78
Combining Statement of Changes in Financial
Position F-3 79 80
Statement of Operations Municipal Liquor Fund F-4 81
Statement of Operating Expenses Municipal
Liquor Fund F-5 82
Balance Sheet Public Utilities Fund F-6 83 84
Statement of Operations and Changes in Retained
Earnings Public Utilities Fund F-7 85
Water Operating Expense Public Utilities Fund F-8 86
Sewer Operating Expense Public Utilities Fund F-9 87
Agency Funds:
Combining Statement of Changes in Assets and
Liabilities All Agency Funds G-1 88
City of Brooklxn Center
COMPREHENSIV'E ANNUAL �'YNANCIAL REPORT
Year Ended December 31 1985
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
And Sources H-1 89
Schedule of General Fixed Assets By
Function and Activity H-2 90
Schedule of Changes in General Fixed Assets
By Function and Activity H- 91
General Long-Term Debt Account Group:
Comparative Schedule of General Long-Term Debt I 92
SUPPLEMENTAL INFORMATION SECTION r
Schedule of Sources and Uses of Public Funds For Tax
Increment Financing Dist. No. 2100, Brutger S- 93
Schedule of Sources and Uses of Public Funds For Tax
Increment Financing Dist. No. 2401, Earle Brown S-7 94
STATISTICAL SECTTON
Table
Number
General Governmental Expenditures by Function
Last Ten Years 1 95
Revenue Other Than Special Assessments
Last Ten Years 2 96
Tax Levies and Tax Collections
Last Ten Years 3 97
Assessed Value and Market Value of All Taxable
Property Last Ten Years 4 98
Tax Rates and Tax Levies Last Ten Years 5 99
Special Assessment Collections Last Ten Years 6 100
Ratio of Net Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita Last Ten Years 7 101
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31 1985
TABLE OF CONTENTS
Table Page
Number Number
Statement of Legal Debt Margins 8 102 103
Computation of Direct and Overlapping Debt 9 104
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures 10 105
Schedule of Revenue Bond Coverage Last Ten Years 11 106
Property Value and Construction Last Ten Years 12 107
Principal Taxpayers 13 108
Summary of Debt Service Requirements to Maturity 14 109
Schedule of Insurance Coverage 15 110-111
Schedule of Cash and Temporary Cash Investments 16 112
Miscellaneous Statistical Facts 113-115
City of Brooklyn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31, 1985
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12/31/87
Councilman Rich Theis Three Years 12/31/87
Councilman Bill Hawes Three Years 12/31/87
Councilman Gene Lhotka Three Years 12/31/88
Councilwoman Celia Scott Three Years 12/31/86
I OFFICIALS P1UT ELECTED
City Manager Gerald G. Splinter
City Clerk Darlene Weeks
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Department Heads:
Finance Paul W. Holmlund
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Recreation Arnold Mavis
Assessment Peter Koole
Liquor Stores Gerald Olson
Personnel Coordinator Geralyn Barone
HRA Coordinator Brad Hoffman
City Engineer Bo Spurrier
Public Works Superintendent Richard Ploumen
Health Officer Duane Orn, M.D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
r
Cit� of Brooklyn Center
LISTYNG OF CITY OFFICIALS
At Ma,y 31 1986
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12/31/87
Councilman Rich Theis Three Years 12/31/87
Councilman Bill Hawes Three Years 12/31/87
Councilman Gene Lhotka Three Years 12/31/88
Councilwoman Celia Scott Three Years 12/31/86
OFFICIALS NOT ELECTED
City Manager Gerald G. Splinter
City Clerk Darlene Weeks
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Department Heads:
Finance Paul W. Holmlund e
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Recreation Arnold Mavis
Assessments Peter Koole
Liquor Stores Gerald Olson
Personnel Coordinator Geralyn Barone
HRA Coordinator Brad Hoffman
City Engineer Bo Spurrier
Public Works Superintendent Richard Ploumen
Health Officer Duane Orn, M.D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
r
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ORGANIZATION CHART COUNCIL MANAGER PLAN
City of Brooklyn Center, Minnesota
ADVISORY ELECPORATE CHAKI�R COAMIISSION
Capital Improvement Review Board
ADVISORY
Housing Cannission r 1
CITY ATPORNEY
CITY COiJNCIL
ADVISORY
Human Rights Conmission
ADMINISTRATI�IE ASSISTANT
ADVISORY Purchasing Officer
Parks and Recreation Cotmiission CITY MANAGER Housing Coordinator
ADVISORY 1
Planning CaTmission �l ADMINISTRATIVE ASSISTANT
DIRECTOR �puty Clerk
Eanergency Personnel Coordinator
Pregaredness
w 1
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DIRECPOR DIRECI'OR CHIEF DIRECPOR DIRECTOR CfiIEF MANAGER DIRECPOR ASSESSOR
Planning Finance Police of of Volunteer Liquor Public Tax
ancl Department Depart- Environmental Recreation Fire Store Works 1-�.ssessment
Ins�ection City ment Health Department Department Department
Department Treasurer
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Park Government I:rigineering Street Public
Maintenance Buildings Division Divi�ion CJtilities
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CITY GENfRALP.ROPERTIES
A. Civic Center (City Hatl Community Cenber)
B. West Fire Statio� Liquoh Store No. 2•
PARK SYSTEM KEY easc F��e scat�on
D. Liquor Store No. 1 jteased Properqr)
E. Liquor Store No. 3(leased Propertyl
1. Willow Lane Park 13. Grondview Park F. City Main4enance Building
2. Orchard Lane Park 14. Evergreen Park G. City Maintenance Annex.
3. Kytawn Park 15. Bellvue Psrk H: Well No. 6, 120i 68th Avenue North
4. Lakeside Psrk 16. Marlin Park I. Vllell No. 7, 7230 Camden Avenue North
6. Braoklana Park 17. P+rehouse Park J, Wa[er Tower No. p
6. Wangstad Park 18. Riverdale Park K. Water Tower No. 2
7. Northport Park 19. Freeway Park L. Water Tower No. 3
8. Happy Hollow Park Zp, Arboretum M. Lift Station No. 1, 6112 Vincent Avenue North
9. Palmer Lake Park 21. River Ridge Park (Miss. Riverl N. Lift Station No. 2, 5450 Lyndale Abenue North
10. Gardeo Gity Park (Stace Owned)
11. Central Park 22. Twin Leke Beach Park Future Water Treatment and Maintenapca Annez
12. Lions Park (Ci State Owned) P• Vacant
Q. Old City Hall Site IVacant)
ciTV 6301 SHINGLE CREEK PARKWAY
OF
B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
C ENTER EMERGENCY POLICE FIRE
911
June 11, 1986
HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
CITY OF BROOKLYN CENTER
In accordanc
e with State Statutes and Section 7.12 of the City
Charter, I hereby transmit the comprehensive Annual Audited
Financial Report of the City of Brooklyn Center as of December
31, 1985 and for the fiscal year then ended. Responsibility for
both the accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures, rests
with the City. Management believes that the data as presented is
accurate in all material aspects; that it is presented in a
manner designed to fairly set forth the financial position and
results of operations of the City as measured by the financial
activity of its various funds; and that all disclosures necessary
to enable the reader to gain the maximum understanding of the
City's financial affairs have been included.
In developing and evaluating the City's accounting system,
consideration is given to the adequacy of internal accounting
controls. Internal accounting controls are discussed by the
Finance Director in his accompanying letter of transmittal and,
within that fram�work, I believe that the City�s internal
accounting controls adequately safeguard assets and provide
reasonable assurance of proper recording of financial
transactions.
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 Conformance to those
governments whose 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 (GASB). It is my
belief that the accompanying fiscal year 1985 Financial Report
meets program standards, and it will be submitted to the
Government Finance Officers Association for review.
In accordance with the above mentioned guidelines, the
accompanying report consists of three parts: (1) Introductory
Section, including the Finance Director's letter of transmittal;
(2) Financial Section, including the financial statements and
I supplemental data of the government, accompanied by our
7ke 7�l mre
=io��,cet�CUC�
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MAYOR AND MEMBERS OF CITY COUNCIL June 11, 1986
independent auditor�s o inion;
p' (3) Statistical Section, including
a number of tables of unaudited data depicting the financial
history of the government for the past ten years, information on
overlapping governments, and other miscellaneous information.
State law and the City Charter require that the financial
statements of the City of Brooklyn Center be audited by a
certified public accountant selected by the City Council. This
requirement has been complied with and our auditor's opinion is
included in the financial section of this report.
Res c�ully ubmitted,
��h\
'Geral Splinter
C'
ity ager
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cirv 6301 SHINGLE CREEK PARKWAY
B OF
ROOKLYN BROOK�YN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
C ENTER EMERGENCY- POLICE FIRE
911
June 10, 1986
Mr. Gerald G. Splinter
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The Comprehensive Annual Financial Report of the City of Brooklyn
Center, Minnesota for the year ended December 31 1985 is submitted
herewith. I believe the data, as presented, is accurate in all
material aspects; that it is presented in a manner designed to fairly
set forth the financial position and results of operations of the City
as measured by the financial activity of its various funds; and that
all disclosures necessary to enable the reader to gain the maximum
understanding of the Cityts financial affairs have been included.
THE REPORT
The organization, form and content of this report were prepared in
accordance with stanclards prescribed by the Governmental Accounting
Standards Board; the Government Finance Officers Association of the
United States and Canada; the American Institute of Certified Public
Accountants; the Minnesota State Auditor; and the City Charter.
ORGANIZATION
Brooklyn Center was incorporated as a Village on February 14, 1911,
and became a City of the second class on December 8, 1966 thirty days
from the adoption of the City Charter by a referendum vote of the
people.
t The form of government established by the Charter is the '�Council-
Manager Plan��. The Council exercises the legislative power of the
City and determines all matters of policy. The Council is composed of
a Mayor and four Council persons who are elected at large. Each
Council person serves a term of three years and the Mayor serves a
term of two years. The City Manager is the head of the Administrative
branch of the City Government and is responsible to the Council for
the proper administration of all affairs relating to the City. The
City Manager is the chief accounting officer of the City and must
1 provide such information about the City as the Couracil may require.
So�wcetlucg �'!l ou
Mr. Splinter June 10, 1986
The offices of City Clerk and City Treasurer are subordinate to, and
appointed by, the City Manager. The City Clerk has duties in
connection with the keeping of the public records. The City Treasurer
has duties in connection with the receipt, disbursement and custody of
pub 1 ic funds. The City Attorney is appointed by the Counci 1. A 1 1
other officers and employees of the City are appointed by the City
Manager. Appointment or removal of department heads are made final
upon a majority vote of the Council.
ACCOUNTING SYSTEM AND BUDGETARY CCNTROL
In developing and evaluating the City's accounting system,
consideration is given to the adequacy of internal accounting
controls. Internal accoun
tin
g controls are designed to provide
reasonable, but not absolute, assurance regarding: (1) the
safeguarding of assets against loss from unauthorized use or
disposition; and (2) the reliability of financial records for
preparing financial statements and maintaining accountability for
assets. The concept of reasonable assurance recognizes that: (1) the
cost of a control should not exceed the benefits likely to be derived;
and (2) the evaluation of costs and benefits requires estimates and
'ud em nt
e s b mana ement.
J g Y
All internal control evaluations occur within the above framework. I
believe that the City's internal accounting controls adequately safe-
guard assets and provide reasonable assurance of proper recording of
financial transactions. A summary of significant accounting policies
i
I s containe
d in Note 1 of the Notes to Financial Statements which can
be found in the Financial Section of this report. Accounting for all
the Cityts activities is centralized under the Department of Finance.
The responsibility for maintainin and rescribin a11 finan ia
g p g c 1
records, establishing and maintaining internal control, and preparing
financial and budgetary reports is delegated to this department.
The City Charter grants the City Council full authority over the
f ina
ncial affairs of the Cit The Charter re uires that all fun
Y ds of
q
I the Cit exce t funds made u f
Y� P p o proceeds of bond issues, public
service enter rise fun
ds a
nd s ecia 1 as
P p sessment funds, be budgeted.
The City Manager is charged with the responsibility of preparing'the
estimates of the annual budget and the enforcement of the provisions
of the budget as specified in the budget resolution. Upon adoption of
the annua 1 budget reso lution by the Counci 1, it becomes the forma 1
budget for City operations. After the budget resolution is adopted,
the Council can 3.ncrease the budget only if actual receipts exceed the
estimates, or from accumulated surp].us in the amount of an unexpended
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Mr. Splinter June 10 1 86
9
appropriation from the previous fiscal year. Financial reports, which
compare actual performance with the budget, are prepared monthly and
presented to the Council so the Council is able to review the
financial status and measure the effectiveness of the budgetary
controls. Budget control is maintained by recording encumbrances as
purchase orders are written. Open encumbrances are reported as
reservations of fund balance at December 31, 1985, since they do not
constitute expenditurs o: liabilities.
REPORTING ENTITY
In accordance with Governmental Accounting Standards Board
pronouncements and NCGA Statement No. 3 for financial reporting
purposes, the City's financial statements include all funds, account
groups, departments, agencies, boards, commissions, and other
organizations over which City officials exercise oversight
responsibility.
Oversight responsibility includes such aspects as appointment of
governing body members, budget review, approval of property tax
levies, outstanding debt secured by City full faith and credit or
revenues, responsibility for funding deficits, and others.
As a result of applying the criteria of Statement No. 3, certain
organizations have been included or excluded from the City�s financial
statements, as follows:
INCLUDED:
Housing and Redevelopment Authority in and for the City of Brooklyn
Center (HRA).
The HRA was created by the City to carry out local programs for
assistance to low income citizens for home improvements. The
governing board is appointed by the City Council. The Council reviews
and approves HRA tax levies, and the City provides major community
development financing for HRA activities. The City manager is the
Executive Director.
EXGLUDED:
The Brooklyn Center Firefighter's Relief Association.
This association is organized as a non-profit organization by its
members to provide pension and other benefits to such members in
accordance with Minnesota statutes. The board of directors is elected
by the membership of the organization. All funding is conducted in
accordance with Minnesota statutes, whereby state aids flow to the
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Mr. Splinter June 10, 1986
association. Tax levies, if necessary, are determined by the
association and are only reviewed by the City. The association pays
benefits directly to its members. (See Note 3 for disclosures
relating to the pension plans operated by the association.) State Aid
insurance premium tax in the amount of $59,721 and ad velorem taxes in
the amount of $42,400 were receipted by the City and disbursed to the
Association.
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)
Independnet School District No. 287 (Suburban Hennepin County Area
Vocational Technfcal Institute)
The Districts, like all school districts in Minnesota, are completely
independent of any other governmental entity. They have their own
elected Board of Education, levy their own taxes and prepare their own
financial reports.
THE CITY AND ITS SERVICES
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 and a
public water and sewer utility. Net revenue produced in excess of
working capital requirements by the municipal liquor stores operations
ha ve been used toward financing current expense and capital outlay
programs of the General Fund.
The financial condition of each of the City's funds as of December 31,
1g85 and the results of each funds' operations for the year, together
with a comparison of these results to budget estimates and a
comparison to the previous years� results, is presented within the
Financial Statements Section of this report.
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Mr. Splinter June 10, 1986
GENERAL GOVERNMENT FUNCTIONS
As of December 31, 1985, the fund balance of the General Fund, which
had not been appropriated to a specific expenditure purpose, tota].ed
$4 ,493,846 This amount represents the working capital that is
available to finance the general operations of the City.
Revenues and other financing sources used for general governmental
operations totaled $7,277 in 1985, an increase of $302,g61 over
the previous year. The following table presents an analysis of major
revenue and other financing sources of the General Fund for 1g85 and
compares them to 1984
Increase
9� of (Decrease
1985 Total 1984 From 1984
Taxes, Ad Valorem $2,444,153 33.6� $2,407,352 36,801
Intergovernmental revenue 2,618,957 36.0 2,52Q.,494 94 463
Charges for services 979,543 13•4 919,796 59,747
License and permits 387,806 5•3 296,667 91,139
Court fines 187,045 2.6 158,823 28,222
Miscellaneous revenues 348, 316 4.8 337,201 11,115
Other sources 311,926 4.3 330,452 (18,526)
TOTAL $7 ,2?7,746 100.0� $6,974,785 302,961
Actual revenues and other financing sources exceeded the 1985 budgeted
amount by $410,512.
Expenditures and other uses of funds for general government operations
totaled $6,828,074 in 1985 an increase of $660, over the previous
year. The following table presents an analysis of major expenditure
functions and other uses of funds of the General Fund for 1985 and
compares them to 1984:
Increase
9� of (Decrease)
�985 Total 1984 From 1�84
General Government $1,283,050 18.8� $1,112,173 $170,877
Public Safety 2,143,843 31.4 1,985,108 158,735
Public Works 1,560,842 22.9 1,383,039 177,803
Community Health 34,326 .5 30,437 3,889
Parks and Recreation 1,389,076 20.3 1,3�9,298 69,777
Other uses 416,937 6.1 337,624 79,313
TOTAL $6 ,828 074 100.0� $6 16 6 660
79 ,394
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Mr. Splinter June 10, 1986
Expenditures and other uses of funds were $350,157 less than the 1985
budgeted amount.
Ad valorem tax levies for the current year 1985 and for �he two previous
years are summarized and presented below:
1985 1984 1983
Mill Mill Mill
Tax Levy Rate Amount Rate Amount Rate Amount
City Operations 12.799 $2,653,833 13.031 $2,670,680 12.473 $2,501,971
Debt Redemption 1.788 370,801 1.827 374,541 1.853 371,841
Public Employees'
Retirement 1.765 365,968 1.685 345,381 1.645 329,146
TOTAL LEVY 16.352 $3,390,602 16.543 $3,390,602 15.971 $3,202,958
Assessed Valuation 1985 1984 1983
I Real estate $207,517,122 $202,4'18,627 $197,621,159
Non-exem t ersonal ro ert 2 6
P P P P Y 4, 7,221 4,148,726 3,973,587
Fiscal disparities adjustment (2,134,213) �3�366,456) (1,437,243)
TOTAL ASSESSED VALUATION $209 659 130 $203 240 8 $200 1 0�
97 57,5 3
Minnesota's Levy Limitation Law was first implemented in 1973 The law
placed a limitation on the amount of increased property tax which a city
can levy. The amount of increase is enerall limited t 8 of th
8 y o 9� e
rior ear's lev The 1aw also rovides er 'n
P Y Y p c taa. mechanisms by which a�
municipality may adopt levies outside the levy limitations. The
following table summarizes the City's compliance with the law for the
years 1982 through 1985
1985 1984 1983 1982
Tota], tax levy $3,390,602 $3,390,602 $3,202,958 $2,965,702
Less special tax levies 953:673 914,199 954,449 314,348
Limited Levy $2, 436,929 �2,476,403 $2,248,509 $2,651
Levy Limitation 3,005,971 2,921,134 2,537,576 2,721,309
UNDER LEVY LIMITATION 569,042 444 ,731 289,067 69,955
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Mr. Splinter June 10, 1986
The State Legislature enacted a"Fiscal Disparit_y Law" in 1971 which
was not impJ.emented until taxes payable in 1975 because of a constitu-
tional challenge. The law provides for the �'pooling" of 40� of all
new commercial and industrial property valuation in the seven county
metropolitan area. Valuation from this "pool" is redistributed to
taxing jurisdiction5 according to specified criteria. The impact of
disparity law on the City is shown below. The City has, since the
inception of �he law twelve years ago, contributed $17,167,176 in
assessed valuation. The fiscal disparities adjustments for the twelve
years are as follows:
Year Assessed Value Net Received
Taxes Value Contri- Received Or
i Payable buted to "Pool" From "Pool" (Contributed)
1975 2,355�241 2,816,222 460,981
1976 3,746,879 3,880,301 133,422
1977 3,726,462 3,525,256 (201,206)
1978 4,856,260 3,666,177 (1,190,083)
1979 6,172,992 4�708,800 (1,464,192)
1980 8,086,801 6,254,605 (1,832,196)
1981 9,52��651 7,842,824 (1,680,827)
r 1982 13,677�348 11 ,319,718 (2,357,630)
1983 16,832,813 15,395,570 (1,437,243)
1984 21,050,949 17,684,493 (3,366,456)
1985 22,406,979 20,272,766 (2,134,213)
1986 22,990,819 20,893,286 (2,097,53.3)
12 YEAR TOTAL $135,427��94 $118,260,018 $(17,167,176)
The comp lete reporting of the Genera 1 Fund financia 1 operations and
position can be faund in the General Fund Section of this report.
-13-
Mr. Splinter June 10, 1986
DEBT ADMINISTRATION
The ratio of net bonded debt to assessed valuation and the amount of
bonded debt per capita are useful indicators of the City�s debt
position to municipal management, citizens, and investors. These data
for the City at December 31, 1985, were as follows:
Ratio of Debt to Ratio of Debt to
Assessed Value Present Debt Per
Amount of Present Market Market Value Capita
Net direct
bonded debt $6,678,220 3.12� .81� $218.03
Outstanding general obligation bonds at December 31, 1985 totaled
$11,235,000, of which $2,765,000 was issued to provide permanent
financing for water, sanitary sewer, storm sewer and streets. The
repayment of these bonds is provided from the proceeds of special
assessments levied against the benefited property. Included also in
the outstanding G.O. Bonds were $360,000 of G.O. State Aid Street
Bonds whieh were issued to finance state aid p.rojects and are repaid
from state allotments. Included also were $6,180,000 of G.O. Tax
Increment Bonds which were issued to finance the public costs iMVOlved
in the development costs of the Brookwood housing development praject
and the Earle Brown Farm redevelopment project and are repaid from
incremental taxes from the City's Tax Increment Financing District.
The remaining $1,930,000 is direct tax supported debt which is repaid
by the proceeds of ad valorem tax levies. During the past year,
$695 ,000 of general obligation bonds were retired.
Outstanding revenue bonds at December 31, 1985 totaled $315,OQ0.
These are bonds issued in 1963 for improvements to the water utility
and are repaid from the public utilities revenues. During the past
year, $45,000 of revenue bonds were retired.
The City has a current Moody's Investors Service bond rating of "A-1".
More detai led information about the debt position of the City can be
found in the Statistical Section of this report.
CASH MANAGEMENT
The Investment Fund was established to provide a uniform and consis-
tent means for investing temporary surpluses of individual City FundS.
�ach individual City Fund invests in the Investment Fund and that
Fund, in turn, invests these temporary surpluses in obligations issued
by the United Sta�es and its agencies, bank certificates of deposits,
repurchas� agreements, savings and loan associations' savings cer�ifi-
cates and City of Brooklyn Center construction notes issued to provide
temporary financing for construction in the special assessment funds.
-14-
Mr. Splinter June 10, 1986
The average yield on investments during the year was 11.159� and the
Fund distributed $2,210, in interest earnings to the participating
funds.
SPECIAL REVENUE FUNDS
Federal General Revenue Sharing was established to provide financial
assistance to states and local government. The financial
contributions to local governmental units are based on a formula which
includes per capita income and local tax effort. During 1985 the
City�s allocation totaled $161,501 and will be approximately $106,000
in 1986 The Ci�y expended $191,900 of general revenue sharing funds
in 1985.
The reporting of a l l Specia 1 Re venue Funds' financia 1 operations and
position can be found in the Special Revenue Funds' Statements Section
of this report.
CAPITAL PROJECTS FUNDS
The Capital Projects Fund was established to account for monies re-
ceived from various sources (including transfers from the L�MR and the
Lawcon and the Community Development Special Revenue Funds) and
expended on certain major, permanent facilities. A listing of current
capital projects in the Fund can be found in Schedule S-3 of this
report. During 1985, Capital Projects Fund expenditures of $268,6g1
were made. The Fund Balance at December 31, 1985 was $3,287,068. Of
this amount, $662,366 was reserved for unexpended appropriations,
leaving an unreserved Fund Balance of $2,624,702.
The Municipal State Aid for Construction Fund was established to
aecount for monies received from the Minnesota Department of Transpor-
tation and expended for transportation related construction projects.
The City expended $769,538 of municipal state aid for construction
during 1985. The Fund Balance at December 31, 1985 was $4,459 of
which $2,236,263 was reserved for unexpended appropriations or was
restricted to State approved projects, lea ving an unreserved Fund
Balance of $2,222,780.
The reporting of these Funds' financial operations and positions can
be found in the Capital Projects Funds' Statements Section of this
report.
PUBLIC UTILITIES FUND
Comparative data for the City�s Public Utilities operations for the
past two fiscal years are shown in the following table:
1 -15-
Mr. Splinter June 10, 1986
1985 1984
Water Department operating revenue 546,817 482,558
Sewer Department operating revenue 1,078,708 1,087,278
Water Department operating �.ncome (126,230) (113,527)
Sewer Department operating income (98,175) (109,013)
Water Department net income 372,154 367,117
Sewer Department net income 1g9,000 221
Water customers at year end 8,718 8,624
Sewer customers at year end 8,759 8,701
The Public Utilities operating revenues are to be used to finance
system maintenance and future expansion and improvements. The
complete reportin of the Public Utilities' financial o
g perations and
position can be found in the Enterprise Funds' Statements Section of
this report.
LIQUOR STORES FUND
i
The Cit �s three munici al off-sale li uor s
Y p q tores earned a combined
net profit of $125,325 for the calendar year ended December 31, 1985
The Liquor Fund transferred $103,500 during the year to the General
Fund to assist in the financing of City operating expenses. A
condensed comparison of the stores� 1985 operations with those of 1984
follows:
1985 1984
Sales 2 gg
1
,3 ,5 3 $2,345,475
i Cost of Sales 1,841,870 1 840 087
Gross Profit on Sales 546,643 505,388
Operating Expenses 415 401,571
Net Operating Income 131,234 103,817
Interest and Other Income or (Expense) (5 ,909) 9 :877
Net Income 125,325 113,694
Transfers to the General Fund 103,500 100,000
-16-
Mr. Splinter June 10, 1986
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds are used to finance and account for the
construction of certain public improvements such as residential
streets, storm sewers, sanitary sewers and water mains which are to be
paid for wholly or in part from special assessments levied against
benefited property. The Special Assessment Funds are also used to
account for assessments levied against the individual property owners
which are usua 1 ly paid in insta 1 lments over a period of years. Con-
struction expenditures of $807,256 were made from the Fund in 1985
The complete reporting of the Special Assessm�nt Funds' financial
operations and position can be found in the Special Assessments Funds'
Statements Section of this report.
GENERAL FIXED ASSETS
The general fixed assets of the City are those fixed assets used in
the performance of general government functions and exclude the fixed
assets of the Enterprise Funds (Public Utilities and Liquor). As of
December 31, 1985, the general fixed assets of the City amounted to
$26,670,085. This amount represents the original cost of the assets
and is considerably less �han their present value. Depreciation of
general fixed assets is not recognized in the City�s accounting
system. The Department has an automated fixed asset control system.
The system provides computations of depreciation for all depreciable
fixed assets in such manner that information is readily a vailable for
management purposes. The complete reporting of the General Fixed
Assets accounting can be found in the Genera 1 Fixed Asset Statement
Section of this report.
INDEPENDENT AUDIT
j Section 7.12 of the City Charter requires that the City Manager�s
annual report to the Council concerning the entire financial
operations of the City be audited. This requirement has been complied
with and the auditor's opinion has been included in this report.
CERTIFICATE OF CONFORMANCE
In order to be awarded a Certificate of Conformance, 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.
-i�-
Mr. Splinter June 10, 1986
The Government Finance Officers Association of the United States and
Canada (GFOA) awarded a Certificate of Conformance in Financial
Reporting to the City of Brooklyn Center for its comprehensive annual
financial report for the fiscal year ended December 31, 1984.
A Certificate of Conformance is valid for a period of one year only.
We believe our current report continues to conform to Certificate of
Conformance 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 of Finance. I would like to express my
appreciation to all members of the Department. I would also like to
thank the Mayor, Council members and the City 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,
�J ow� W
Paul W. Holmlund
Director of Finance
PWH:ps
1
8_
Certificate
of
Conf ormance
Yn Financia_
F�eporting
Presented to
City of
Brooklyn Center, Minnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1984
A Certificate of Conformance in Financial Reporting is
presented by the Government Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports (CAFR's) are judged to substantially
conform to program standards.
��`'PN o� �F�cF 7"' ���"�ti�Ci.��_
9�,
-UNITED STAffS y
W ANO H President
cnNnoa
6 CORPOIGTION
a ��/�/G
�IEAII, ap �ti
cx�casa ���f�
Executive Director
I
—19—
CTTY OF $ROOI4�YN CENTER, MINNESOTA
CERTIFTCATE OF CANFORMANCE
IN FINANCIAL REPORTING
The Government Finance Officers Association of the United
Sta�es and Canada (GFOA) awarded a Certificate af Conformance
in Financial Reporting to the City of Brooklyn Center, Minnesota
for its comprehensive annual financial report for the fiscal
year ended December 31, 1984.
In order to be awarded a Certificate of Conformance, a govern-
mental 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 aecepted aceounting principles and applicable legal
requirements.
A Certificate of Conformance is valid for a period of one year
only. We believe our current report continues to conform to
Certificate of Conformance Program requirements, and we are
submitting it to GFOA to determine its eligibility for another
certificate.
-20-
SEIFERT, BETTS 8. CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
\i�/
To the Honorable Mayor and
hlembers of the City Council
City of Brooklyn Center, Minnesota
We have examined the general purpose financial statements of the CITY OF
BROOKLYN CENTER, MINNESOTA, and the canbining individual ftmd, and account
group financial statements of the City as of and for the year ended
December 31, 1985, as listed in the table of contents. Our examination
was made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the general purpose financial statements referred to above
present fairly the financial position of the CITY OF BROOKLYN CENTER,
MINNESOTA, at December 31, 1985 and the results of its operations and
changes in financial position of its proprietary fund types for the year
then ended, in conformity with generally accepted accounting principles
applied on a basis consistent with that of the preceding year. Also, in
our opinion, the combining, individual fund, and account group financial
sta tements referred to abo ve present fairly the financial position of each
of the individual funds and account groups of the CITY OF BROOIQ,YN CENTER,
MINNESOTA at December 31, 1985, and the results of operations of such
funds and the changes in financial position of individual proprietary
funds for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the
preceding year.
Our examination was made for the purpose of forming an opinion on the
general purpose financial statements taken as a whole and on the
combining, individual fund, and individual account group financial
statements. The accompanying financial information listed as supporting
schedules in the table of contents (Schedules S-1 through S-7) is
presented for the purpose of additional analysis and is not a required
part of the financial statements of the CITY OF BROOKLYN CENTER,
MINNESOTA. Such information has been subjected to the auditing procedures
applied in the examination of the general purpose, combining, individual
fund, and individual account group financial statements and, in our
opinion, is fairly stated in all material respects in relation to the
financial statements of each of the respective individual funds and
account groups, taken as a whole.
The accompanying statistical information presented in Tables 1 through 16
are not necessary for a fair presentation of the financial statements, but
�AMESW.SEIFERT,CfA are presented as additional statistical data. The statistical information
GEORGE D. BETTS. CPA tables were not audited by us and, accordingly, we do not express an
opinion on them.
KENNETH P. �AEB, CPA
LARRY S. ACOBSON. CPA !f 7
LARRY S. POPPLER. CPA r�' .r �r��'
�ANE L HOYUM, Cf A ,��'t- f G C r
❑NDY K. HAYES. CPA SEIFERT BETTS St CO LTD
DOUGLAS E BERGSTROM, CPA
Minneapolis, Minnesota
May 9, 1986
—21—
612/546-3306
7035 Wayzata Blvd. Suite 100 Minneapolis, Minnesota 55426-1777
I
City of Brooklyn Center, Minnesota
GENERAL PURPOSE FINANCIAL STATEi�IENTS
The eneral ur ose financia sta n
g p p 1 teme ts are intended to provide a
financia 1 overview of municipa l operations. These reports are at a
summary level and include that data needed to control and analyze
eurrent opera�tions to determine compliance with legal and budgetary
limitations and to assis� in the financial planning pro�ess.
1
a� o� a�a��m �a�zT
Au a�a �oo�t c�s
m� s�r (a��a r�t �e>
neo�- 3�, 1gB5
��Y F��Y 1btals
tbuerm�tal Flnd 1y� �lr�d �rpes i�nd Typas Aooar�t a�s (i�aorscrim �ly)
specisl nr�t t�pital �eeial cler�eral aer,asl I+ons- �BOe�' 31,
Oarral Ae+res�e Sevioe Pro�ects Assea�ats II�rise Age�.y Fi�oed Assets Tl�m DEb�t 1995 19�1
AS��S
C�st� m hend ard in t�ks 635 4,30D 4,9� 4,53
7r�a�ts (at ooet) (No�e 1� #,�T4.953 4,199,857 1,51T,'t45 6,080,9a7 3,%3,�i 3.618,241 18,1168 23,�73,594 18,135,432
F�oelvables (ret a2' u�ool]ectib]e):
Aooast,s 18,9u6 32.166 �.'��43 'l02,95T aD9.312 226,5n0
Tazes 338.9� 5.702 39,23� 7,197 391,062 290,746
$�ec3a1 As9ea�rts: Det�t+ed 16,p2 2,�1,u32 2,567 2,869r�
849 50,905 2,617 53,971 1�,067
n, Aoen�ecl reuei� 193,807 193,8QT 195�995
n' 7r�d loer� 296,6�
Due fhm c�tl'�ee^ flrds 335.3D4 125�9�2 2,48�t �2,93�1 239,3Ei1 947rOQi 471,�i]
15,060 167,040 1,�1,919 181,O9b 1,815,095 1,133,711
7riu�e�tar ias ar�i s�plias (i�bte 4� 43,178 ���9 29?,537 32D,539
�d 6,t�56 76, i� 82.158 7d6,441
A�stricted irrrea�a�t.s ard c#� a9eets u,480,1Zi 4,�180,123 4,482,839
�Y� P� e9�at (l�b�te i2) 15,887,6TD 26,670.DB5 42��7.7� �IO►�135,306
Amarit avai3able in Debt Sevioe F1rds �1,096,070 4,096,010 3.8�0,�18
Amo�rn to be pwided fbr t�a��aal iag- 1,�'9,466 1,�9,465 788,917
7,�►3,696 7.243,656 3,05�+.?37
T� u,9Zi,651 4,547,�1'8 1,�y9,4�5 8,082,406 5,460,364 2D,705,242 �,665 26,670,OB5 8,803,121 81,T�7,?85 68,463,6�2
a� �a�a.�
o� �ar� s�r cm�ir,�ea mae)
Daoaa�er 31, 19a5
Pr+��r ietars' Ficlrsiary Tbtals
tbu�rnos�t.al F1nd 1�rPas F1zxi 1YPas Flnd 1YPas tlooair�t Q'c�s (�m (3�y)
Specisl Debt (�pitai Special (ls7erat (3a�ec81 Iag- Daom�es' 31,
f3a�eral �ue��e Sevioe Pro�ee�s A�er�s Ehtep�r39e A�er.y Fi�oad A�ets ?1a'm Debt 1995 79�
1.TARTt 3TTF!C AI+D �l'D
L3abilit�es
P�Y�� t96�388 66,711 17��63 57,305 2�,754 563,321 300,482
Ca�rects pe�rable 1u,418 3D,995 41,981 87,394 450,1�B
Due to dd�er t1�ds 5►618 315,854 7�6,13� 192�7�7 944,666 947.023 �71,SK1
A�o��ci mcPa�aee%a�dit�ras 91,997 56,266 �t2,400 25�665 216,3� 131 r59b
Aoc:ved vaaatian arl sidc PgY 99,037 19,� ZT7,878 �6,3�i �+,222
Carstr�tiai la��s PeY�� -�Y b53,297 fi53.297 340,3�
Irita^tLnd
lo��s 296 296
Det�rr�ed re�sue 16� 2�5b1 �i132 2i567s654 2�987r404
A�s7�e bonds pe�yabLe 315 3$�OOp �p�ppp
�1 P�� 8,4TD,0o0 8,470.000 3►475,a00
i S�ecial ��ts bmds pay�ble 2,765,000 2,765,000 3.�5.0�
w As�es�ts a' City' pn�pety 5�.243 �,�43 93,5�►
Tbtal Liabiliti�s 3b7r458 396�TST 0 336r29'T b 1r�85s856 �i 0 8,803,121 17r�3,231 12�1b9.545
r�d muity
10,513,6'Til 10,513,6T4 10,2t5,491
7rnrasted sn eanaal Pt�oed as�ets 26 26,b'r0 z5,293.6�T
A�tained earni�:
Aersaved:
l�i assets 3d7,979 30�1,979 312,81g
�L�structia' 36.6�4 �38,65�► �34�775
�i� 620,000 �,000 62�,00�
P]ar�t ecpersim 4��s� 4,000,00� 4,OOD,000
��+ed 4,005r589 4�Q05,599 3r�9r894
Ftnd Ba]ar�s:
A�eved:
Irn'a#a'i� Pt�paid e�Ps� 49,234 2�3aD,522 2,32D 2,10�,fl9't
9,23�► 2t38,367
II'�rsr�� 13,119 13,119 aD,5b6
Debt sevioe 1,291,460 1,603,�T 2,8q4 114,549
aPProP�'�i� 3,342,909 578,1�r1 12,�8 3�933.27�+ 240,932
i]rr�eseved:
Ur�asig�ated 4�493,846 806,062 868,005 4,847,482 -1,43�,1G8 8,96u,247 1�,OZl,'�0(1 I
To�tal Flr�d D4xity 4,�6,199 4,148,991 1,�9,465 7,'Ty6,111 184,3i7 19,619,386 0 2fi,670,095 0 64,484,�4 55,794,077
r.rnFZn_rrr� MID FUID E1Q[111Y 3 4.9zi,657 �,547,T78 1,�9,465 8,a82,408 6 2�,705,� 25,665 26,670,095 8,803►�21 81,?TT,785 68,963,b22
(See mt� to fir�ncial �s)
City of Brooklyn Center EXHIgIT p
All Governmental Futid Types
COI�INED STATEMENT OF �VENUES, EXF'ENDITURES, AND CHANGES IN FUND BALANff.S
Year Ended December 31, 1985
Totals
Special Debt Capital S
pecial
General Rev�ue Seewice Projects Assessments 1g85 1984
Revenues
Taxes and special assessments (current year) 2,444,153 3 54,406 381,952 873,590 3,754,101 3,812,983
Licenses and permits 387,806 55,983 4�3,789 296,667
Intergovernmental 2,618,957 944,925 91,807 873.401 4,529,090 3,568,975
Charges Por services 979,5�l3 979,5�13 966,918
Court fines
187,045
187,045 758,823
Interest 309,885 92,013 91,750 709,607 292,T12 1,495,g67 1,3T3,363
Miscellarieous 38,431 22,125 118,095 15,183 193,834 a84,648
Total Revenues 6 ,965,820 1�169,452 683,604 1,598,191 1,166,302 11,583,369 10,362,377
Expenditures
Current:
General goverciment 1,283,050 2,548,231 3,831,281 t,520,988
Public saPety 2,t43,8�43 2,143,843 1,985,108
Streets and highways 1,560,8�12 1,560,842 1,383
cc�untty hedltri services 3�+,326 34�326 3o,a37
i Parks and recreation 1,389.075 9.389��75 1,319,298
Non-Departmental 416,937 416,937 465,107
Capitai outlay 386 ,81T 807,256 7,194,oT3 1,154,426
Debt serviae:
Principal retireme�t 255,000 255,000 255,000
Interest and Piscal cshargea 253 ,?43 280,282 53 707,509
Totai �enaitures 6,828,073 2,548,23� 508,743 386,8�7 i�o87,538 �i,359,�02 8,82o,9t2
Excess/Deficiency{_) R�renues Over Expenditures 137,7�7 -1,378,7T9 1T4,861 1,211,37u 78,7b4 223►967 1,541,465
Other Financing Sources or IIses(-)
Proceeds of General Obligation Bonds 5,167,364 5,767,36�1
Operating transfers fa (Note g) 311,926 76u,205 595,687 554,551 2,226,369 2,875,602
Operating transfers out -1,465,581 -b51,412 -5,876 -2,122,869 -�2,T25,483
Total Other Financing Sour�ces or Uses{_) 311,926 4,465,988 595,687 -651,412 5u8,b75 5,2T0,86�1 90,119
Excess of Revenues and Other Sourees Over or
Under( Expenditures and Dther Uses 449,fi73 3,087,209 TT0,548 559,962 527,439 5,494,831 1,631,584
Fund Balance January 1 �1,106,526 i 788,917 T,186�149 -443,122 12,700,252 11,068,668
Residual Transfers
Fund Balance Dece�nber 31 4,556,199 S 4,148,991 1,559,465 7,746,111 184,317 78,195,083 12,700,252
notes to finaneial statements)
i i
City of Brooklyn Center EXHIBIT 3
General and Special Revenue Funds
CONIDINED STATEN�NT OF REVENUES, EXPENDITURES, AND
CHAN(�S IN FUND BALANCES BUDGET (GAAP BASIS) AND ACTIJAL
Year Ended December 31, 1984
General Fund Special Rev�ue Funds
Actual Over Aetual Over
Under(-) Under(-)
Budget Actual Budget Budget Actual Budget
Revenues
Taxes 2,455,3u4 2,44�+,153 -11,191 55,000 54,406 �g4
Licenses and permits 257,860 387,806 129,946 0
Intergovernmental 2,629,177 2,618,957 -10,220 936,501 944,925 8,424
Charges for services 929,8� 979,543 49,721 57,000 55,983 -1,017
Court fines 170,000 187,045 17,045 0
Miscellaneous 167,283 348,316 181,033 88,800 11b,138 25,338
Total Revenues 6,609,�86 6,965,820 356,334 1,137,301 1,169,452 32,151
�penditures
Current
General government 1,384,88 1,283,050 -101,834 2,608,150 2,548,231 �9,919
N Public safety 2,3T3,240 2,143,843 -229,397 0
Streets and highrtays 1,559,320 1,560,81F2 1,522 0
Community health services 28,911 3�+,326 5,415 0
Parks and recreation 1,�+39,6�9 1,389,075 �0,544 0
Non-Departmental 392,257 416,937 24,680 0
Total Expenditures 7,178,231 6,828,073 -350,158 2,608,150 2,5�8,237 -59,919
Exeess or Deficiency(-) of Revenues Over Expe�ditures �68,745 137,747 706,492 -1,470,8�19 -1,378,7T9 .92,070
Other Financing Souroes or Uses(
Bond proceeds 0 5,167,364 5,167,364 0
Operating transfers in 257�748 311,926 54,178 760,000 764,205 4,205
Operating transfers out 0 -1,u47,073 -1,u65,581 -18,508
Total Other Financing Sourees or Uses(-) 25T,748 311,926 54,178 4,480,291 4,465,988 -14,303
Exeess or Deficiency( of Revenues and Other
Sourees Over Expenditures and Other Uses -310,997 449,673 760,670 3,009,442 3,087,209 77,767
Fund Balanee January 1 4,106,526 4,106,526 0 997,335 1,061,782 64,447
Residual Transfers 0 0
Fund Balance December 31 3,795,529 �,556,199 760,670 4,006,777 4,148,991 1�12,214
(See notes to financial statements)
City of Brooklyn Center EXHIBIT 4
Proprietary Funds
COI�INED STATEMENT OF REVENUES, EXPENSES, AND CHANGFS IN RETAINED EARNINGS
For the Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31 1984
Enterprise Funds___
Municipal Public Totals
Liquor Utilities
Fund Fund T985 1984
Operating Revenues
Gross margin on product
sa.les 5�6,643 546,643 505,388
Charges for services M_ M_ 1,625,525 _1,625,525 N_ 1,569,836
Total Operating Revenues 546 1,625,525 2,172,168 2,075,224
Operating Expenses
Persona.l Services 2�10,�105 2�2,13� �182,539 �+66,872
Contractual services 98,0�47 1,167,695 1,265,742 1,231,714
Supplies and materials 8,927 23,957 32,88�+ 82,400
Heat, light, power 23,291 115,859 139,150 1�47,748
Depreciation 12,162 300,285 312,447 252,522
Other 32,577 32,577 12,691
Total Operating Expenses 415,�+09 1,849,930 2,265,339 2,193,9�7
Operating Income 131,234 -224,405 -93,171 -118,723
Non_Operating Revenues or Expense(_)
Interest earned 796,90�4 796,904 733,869
Other revenue or expense 4,524 12,809 17,333 93,1�6
Interest and fiscal agent fees -10,433 -14,154 -24,587 -15,713
Non Totals 5,909 795,559 789,650 811,302
Income Before Operating
Trans£ers 125,325 571,15� 696,479 692,579
i Operating Transfers In or Out(-) -103,500 -103,500 -90,119
Net Income 21,$25 571,154 592,979 602,460
Retained Earnings January 1 234,968 8,277,765 8,512,733 7,910,273
Retained Earnings December 31 256,793
(See notes to financial statements)
-26-
r
City of Brooklyn Center EXHIBIT 5
Proprietary Funds
COI�INED STATENN�NNT OF CHANGFS IN FINANCIAL POSITION (Continued next page)
For the Year Ended Deeember 31, 1985
With Comparative Totals for the Year Ended December 31 1984
Enterprise Funds_-
Municipal Public Totals
Liquor Utilities
Fund Fund 1985 1 84
9
Sources of Financial Resourees
Operations:
Net income for year 21,825 571,154 592,979 602,�60
Add: Items not requiring
current outlay
depreciation 12,162 300,285 312,447 252,522
Total Resourees Provided
By Operations 33,987 871,439 905,426 854,982
e Contributions tpward
construction 238,183 238,183 50,200
Increase in long-term debt 286,004 286,004
Decrease in restricted assets 2,716 2,716 98,770
Total Sources 319,991 1,112,33$ 1,432,329 1,003,952
Use of Financial Resources
Purchase of properties 31�,760 �445,396 760,156 38b,466
Payments to retire bonds �+5,000 �5,000 40,000
Amortization of deferred
gain on sale of assets 2_740 Q
Total Uses 317,500 �90,396 807,896 426,466
Net Increase or Decrease(-) in
Working Capital 2,491 621,9�2 624,u33 577,�86
(See notes to financial statements)
-27-
City of Brooklyn Center EXHIBIT 5
Proprietary Funds
CONIBINED STATEMENT OF CHANGES IN FINANCIAL POSITION (Continued from
For the Year Ended December 31, 1985 prior page)
With Caaparative Totals for the Year Ended December 31 19$�4
N-__ Enterprise Funds
Municipal Public Totals
Liquor Utilities
Fund Fund 1985 1984
Elements of Increase or
N Decrease(-) in Working
Capital
Temporary investments 50,907 659,345 710,252 3b9,247
Aecounts receivable -13,264 8,390 -4,87� 6,812
Assessments receivable -2,687 -2,687 -1,125
Due from other funds -25,702 -25,702 25,331
Due from other
governments 121,713 121,713 �6,226
Inventories 5,089 2,725 7,814 -20,370
Prepaid expenses -12,583 -3,384 -15,967 10,386
Accrued revenue -1,788 -1,788 g,442
Aecounts payable 23,526 130,137 106,611 36,137
Contracts payable 10,624 27,013 37,637 62,906
Due to other flxnds 2,452 19,802 22,25�+ 32,9�1
Due to other
governments -5,792 -5,792 0
Current portion of
long-term debt -10,6�4 -10,644 5,000
Aeerued liabities -32,368 6,470 -25,898 25,553
Net Increase or Decrease(-) in
Working Capital 2,491 621,9�2 624,433 577,�+86
See notes to financia
1 statements)
-28-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1985
Note 1: Summary of �nificant Accountin� Policies
A. Fund Accountin�
The accounts of the City are organized on the basis of
funds and account groups, each of which is considered a
separate accounting entity. The operations of each fund
are accounted for with a separate set of self-balancing
accounts that comprise its assets, liabilities, fund
equity, revenues, and expenditures, or expenses, as ap-
propriate. Government resources are allocated to and ac-
counted for in individual funds based �pon the purposes
for which they are to be spent and the means by which
spending activities are controlled. The various funds are
grouped, in the financial statements in this report, into
seven generic fund types and three broad fund categories
as follows:
GOVERNMENTAL FUNDS
General Fund The General Fund is the general operating
fund of the City. It is used to account for all financial
resources except those required to be accounted for in
another fund.
Special Revenue Funds Special Revenue Funds are used to
account for the proceeds of certain specific revenue sources
that are legally restricted to expenditures for specified
purposes.
Debt Service Funds Debt Service Funds are used to account
for the accumulation of resources for, and the payment of,
general long-term debt principal, interest and related
costs.
Capital Projects Funds Capital Projects Funds are used to
account for financial resources to be used for the acquisi-
tion or construction of major capital facilities other than
those financed by proprietary funds or Special Assessment
Funds.
Special Assessment Funds Special Assessment Funds are used
to account for the financing of public improvements or
services deemed to benefit the properties against which
special assessments are levied.
r
-29-
City of Brooklyn Center
NOTES TO'FINANCIAL STATEMENTS
December 31 1985
Note 1: Summary of Si�nificant Accountin� Policies(continued)
PROPRIETARY FUNDS
Enterprise Funds Enterprise Funds are used to acaount for
operations that are financed and opera�ed in a manner
similar to private business enterprises where the intent
is that the costs (expenses, including depreciation) of pro-
viding goods or services. to the general public on a continu-
ing basis be financed or recovered primarily through user
charges.
FIDUCIARY FUNDS
Agency Funds Agency Funds are used to account for assets
held by the City as an agent for other government units.
B. Fixed Assets and Lon�-Term Liabilities
The accounting and reporting of fixed assets and long-
term liabilities associated with a fund are determined by
its measurement focus. All governmental funds are accounted
for on a spending or ��financial flow" measurement, which
means that onl current assets and current liabiliti
Y
es are
generally included on their balance sheets. Their reported
fund balance is considered a measure of "available spendable
resources." Governmental fund operating statements present
increases (revenues and other financing sources) and de-
creases (expenditures and other financing uses) in net
current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable re-
sources" during a period.
Fixed Asse s u
t sed in governmental fund type aperations
are accounted for in the General Fixed Assets Account Group,
rather than in the governmental funds. Public domain
general fixed as�ets consisting of certain improvements
other than buildings, including roads, curbs and gutters,
streets and sidewalks, drainage systems, and lighting
systems, are capitalized along with other general fixed
assets. No depreciation has been provided on general fixed
assets.
All fixed assets are valued at historica2 cost or esti-
mated historical cost if historical cost is unavailable.
Donated fixed asse�ts are valued at their estimated fair
value on the date donated.
-30-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1985
Note 1: Summary of �nificant Accountin� Policies(continued)
The fixed assets of the Liquor and Public Utilities
funds are depreciated using the straight-line method over
the estimated useful lives of the assets. The estimated
useful lives are as follows:
PUBLIC UTILITIES
i Water Sewer Liquor
Mains/Lines 100 years 100 years
Structure/Improvements 30 years _25 years 3-10 years
Equipment 5-25 years 3-10 years
Public Utility assets financed by �pecial assessments
are recorded as contributions.
Long-term liabilities expected to be financed from
governmental funds are accounted for in the General Long-
Term Debt Group, not in the governmental funds. The single
exception to this rule is for special assessment bonds,
which are accounted for in Special Assessment Funds.
The two account groups differ from "funds" in that
they are not involved with measurement of results of opera-
tions. They are concerned only with the measurement of
financial position.
Because of their spending measurement focus, expenditure
recognition for governmental fund types is limited to
exclude amounts represented by noncurrent liabili�ties.
Since they do not affect net current assets, such long-term
accounts are not recognized as governmen�al type expendi-
tures or fund liabilities. They are instead reported as
liabilities in the General Long-Term Debt Account Group.
C. Basis pf Accountin�
Basis of accounting refers to when revenues and expen-
ditures or expenses are recognized in the accounts and re-
ported in the financial statements. Basis of accounting
relates to the timing of the measurement made, regardless
of the measurement focus applied.
All governmental funds and agency funds are accounted
for using the modified accrual basis of accounting. This
means that their revenues are recognized when they become
measurable and available as net current assets. Special
assessments principal and interest and property taxes are
considered "measurable'� when in the hands of intermediary
-31-
City of Brookl n Center
NOTES TO FINANCIA� STATEMENTS
I�ecember 31 1g85
Note 1: Summary of Si�nificant Account Policies(continued)
collecting governments and are recognized as revenue a�
that time. Anticipated refunds of such taxes are recorded
as liabilities and reductions of revenue when they are
measurable and their validity s�ems certain. Otherwise,
taxes, licenses and permits, intergovernmental charges for
services, court fines and miscellaneous revenues are con-
sidered measurable and available when received. Investment
earnings are recorded as earned since they are measurable
and available. Special assessments installments not yet
payable are reflected as deferred revenues.
Expenditures are generally recognized under the modi-
fied accrual basis of accounting when the related fund
liability is incurred. Exceptions to this general rule
include principal and interest on general long-term debt
which is recognized when due.
All proprietary funds are account�d for using the
accrual basis of account�ng. Their revenues are recognized
when they are incurred. Unbilled Water and Sewer Fund
u�ility service receivables are recarded at year end based
on a pro rata share of actual subsequent billings.
Fund Measurement Basis of
Fund Type Categories Focus Accounting
General Governmental Spending Mod. Accrual
Special Revenue Governmental Spending Mod. Accrual
Debt Service Governmental Spending Mod. Accrual
Capital Pro�ects Governmental Spending Mod. Accrual
Special Assessment Governmental Spending Mod. Accrual
Enterprise Proprietary Capital Accrual
Maintenance
Trust and Agency:
Agency Fiduciary Mod. Accrua],
D. Bud�ets and Bud�etary Accountin,�
The City follows these procedures establishin �he bud-
g
getary data reflected in the financial statements:
1. By the first regular Council meeting in September,
the City Manager submits to the City Council proposed
operating budgets for the fiscal year commencing the
following January. The operating budgets include ex-
penditures and the means of financing them.
-32-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1985
Note 1: Summary of �nificant Accountin� Policies(continued)
D. Bud ets and Bud etar Accountin continu
Y ed)
2. Public hearings are conducted to obtain taxpayer
comments.
3• The budgets are legally enacted through passage of
a resolution by the City Council not later than the
first week of October.
4. The City Council must authorize transfer of bud-
geted amounts between departments within any fund.
5• Supplemental appropriations may be made during the
year by the City Council. These amounts must be
financed by funds from the contingency reserve set up in
the general fund or by additional outside revenues.
6. All budget amounts lapse at the end of the year to
the extent they have not been expended.
7. Formal budgetary integration is employed as a
management control device during the year for the
General Fund and Special Revenue Funds. Formal budge-
tary integration is not employed for Debt Service Funds
because effective budgetary control is alternatively
achievea through general obligation bond indenture pro-
r visions. Budgetary control for Capital Projects and
Special Assessment Funds is accomplished through the
use of project controls.
8. Budgets for the General and Special Revenue Funds
are adopted on a basis consistent with generally accept-
ed accounting principles (GAAP).
9. Budgetary control is maintained at the expenditure
category level within each activity. Budgetary control
is maintained in compliance with the City Council's di-
rections. City departments are not allowed to exceed
budgetary expenditure totals for the department.
10. Budgeted amounts are as originally adopted, or as
amended by the City Council. Individual amendments
were not material in relation to the original appropri-
ations.
-33-
CitY of Brookl_yn Center
NOTES TO'FINANCIAL STATEMENTS
December 31, 1985
Note 1: Summary of Si�nificant Accountin� Policies(continued)
E. Investmen�s
Investments are stated at cost, which approximates
market. Cash balances fram all funds are pooled and in-
vested, to the extent available, in authorized investments.
Interest income on such investments is recorded as earned,
and allocated to the respective funds on the basis of the
participating funds investment.
F. Inventory
Inventor is valued h
at t e lower
Y of average cos� or
market based on physical counts. Inventory in the General
Fund consists of expendable supplies held for consumption
and is equally offset by a fund balance reserve. The cost
of inventory is recorded as an expendi�ure at the time in-
ventory is purchased in the General Fund, and as an expense
when consumed in the proprietary fund types.
G. Encumbrances
Encumbrances accounting, under which purchase orders,
contracts and other committments for the e e i
x nd ture of
P
monies are recorded in order to reserve that portion of the
applicable appropriation, is employed. Encumbranc�s out-
standing at ,year end are reported as reservati.ons of fund
balances, since they do not constitute expenditures �r
liabilities. They are reappropriated in the succeeding
year budget.
H. Comparative Data
Comparative totals for the prior year have been pre-
I
sented in the accompanying financial statements in order to
rovide an u der t
I p n standing of changes in the City s financial
osition and o erat'
p p ions. However, comparative (�,.e., pre-
sentation of prior year totals by individual funds) data
have not been presented in each of the statements since
their inclusion would make the statements unduly complex
and difficult to read.
I. Total Columns on Combined Statements
Total columns on the Combined Statements are captioned
Memorandum Onl to indicate tha the
Y t are resented onl to
Y P Y
i facilitate financial analysis. Data in theSe columns do not
present financial position, results of operations, or change
in financial position in conformity with generally accepted
accounting principles. Neither is such data comparable to a
consolidation. Interfund eliminations have not been made in
the aggregation of this data.
-34-
Cit of Brooklyn Center
Y
NOTES '�0 FINANCIAL STATEMENTS
December 31 1985
Note 1: Summary of Si�nificant Accountin� Policies(continued)
J. Property Tax
The City Council annually adopts a tax levy and certi-
fies it to the County for billing and collection prior to
November 15 of the preceding year. Taxes become an en-
forceable lien on the property on January 1. The County is
responsible fo� billing and collecting all property taxes
for itself, the City, the local School Distric� and other
taxing authorities. These taxes are payable (by property
owners) by May 15 and October 15 of each calendar year.
They are collected by the County and remitted to the City
by approximately each subsequent July 15 and December 15.
Additionally, delinquent collections are remitted to the
City with each settlement. The City has no ability to
enforce payment of property taxes by property owners. The
County possesses this authority.
Taxes payable on homestead property (as defined by
State Statutes) are partially reduced by a homestead credit.
This credit is paid to the City by the State in lieu of
taxes levied against homestead property. The State remits
this credit in six equal installments a.n July through
December each year.
The City recognizes property tax revenue when it be-
comes both rneasurable and available to finance expenditures
of the current period.
K. Special Assessments
Special assessments are levied against the benefited
properties for the assessable costs of special assessment
improvement projects in accordance with Sta�e Statutes. The
City usually adopts the assessment rolls when the individual
projects are complete or substantially eomple�e. The
assessments are collectible over a term of years generally
consistent with the term of years of the related bond issue.
Collection of annual installments (including interes�) i.s
handled by the County in the same manner as property taxes.
Property owners are allowed to prepay total future install-
ments without interest or prepayment penalties.
The City recognizes special assessment revenue when it
becomes both measurable and available to finance bonded
debt. Revenue is recognized over the term of the assessment
as it becomes currently receivable_. The remaining balance
of deferred special assessments receivable is offset with a
deferred revenue because they are not known to be available
to finance current expenditures.
-35-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1985
Note 1: Summary of �nificant Accountin� Policies(continued)
K. Special Assessments(continued)
Once a special assessment roll is adopted, the amount
attributed to each parcel is a lien upon that property until
full payment is made or the amount is determined to be ex-
cessive by the City Council or by court action. If special
assessments are delinquent for a State Statute-determined
number of years, the property is subject to tax-forfeit sale
and the first proceeds of that sale (after cost, penalties,
and expenses of sale) are remitted to the City in payment of
delinquent special assessments. Generally, the City will
collect the full amount of its special assessments if not
adjusted by City Council or court action. Accordingly, no
allowance for potentially uncollectible assessments has
been provided.
L. Local Government Aid
Local overnment aid is rovided to the Ci
8 P ty by the
State as a shared tax based upon a statutory formula and
without spending restrictions. Payment from the State is
generally received during each calendar year for that
calendar year. The City recognizes local government aid
revenue when it becomes both measurable and available to
finance current operations.
M. Grants
The City receives various Federal, State and other
grants, the purpose of which is to fund specific City ex-
penditures.
The City also receives Federal Revenue Sharing and
other general purpose grants. These grants are recognized
as revenue in the period to which the grant applies (See
Note 10
N. Severance and Vacation P� Policies
The City pays employees severance pay upon termination
of employment based on accumulated sick leave and accrued
vacation. Accruals are stated in the various funds.
-36-
City of Brookl�n Center
NOTES TO FINANCIAL STATEMENTS
December 31 1985
Note 2: Lon�-Term Debt
The following is a summary of bond transactions of the
City for the year ended December 31 1985
Debt Public Special
Service Utilities Assess.
Fund Fund Fund Total
Bonds a able-
P Y
January 1 $3,475,000 $360,000 $3,205,000 7,040,000
Bonds issued 5,250,000 5,250,000
Bonds retired (255,000) (45,000) (440,000) (740,000)
Bonds Payable-
December 31 $8,470,000 $315,000 $2,765,000 $11,550,000
,559,465 is available in Debt Service Funds for pay-
ment of General Obligation Bond principal and interest.
In addition to the bond transactions, sick and vacation
accruals increased from $274,620 in 1984 to $277,878 in
1985 and assessments on City property decreased from
$93,534 in 1984 to $55,243 in 1985.
General Obligation Bonds
General Obligation Bonds are recorded in the General
Long-Term Debt Group of Accounts and are backed by the full
faith and credit of the City.
Special Assessment Bonds
These bonds are recorded as a liability in the Special
Assessment Funds and 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 out-
standing bonds.
_3�_
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 19$5
Note 2: Lon�-Term Debt(continued)
Long-term debt maturities (includin interest of
g
$8 0 6 are
7 ,357) as follows.
Special
Water Assessment General
Revenue Improvement Long-Term
Bonds Bonds Debt Total
1986 57,285 535,935 78'I,416 1,374,636
�98? 55,530 504,795 957,229 1,517,554
1988 53,775 468,620 958,368 1,480,763
1989 52,020 427,480 957,683 1,437,183
1990 50,265 386,980 849,013 1,286,258
1991 on 95,265 1,675,295 10,759,403 12,529,963
TOTAL $364,140 $3,999,105 $15,263 $19 ,626,357
��=�o�= ���coco��� �c�--co^ca =���pCS�
r
-38-
Cit of Brooklyn Cen�er
NOT�O FINANCIAL STATEMENTS
December 31 1985
Nate 3 Public Utilities Fund
Public Utilities Revenue bonds were issued during 1963
to f�nanee an addition to the water works syst�m. These
bonds, together with related interest and servicE charges,
are payable s4lely from the operations of the Public
Utilities Fund and are not a general obligatian of the
City. The resolution authorizing and directing the issuance
of these bonds contain covenants and restrictions enacted
for the purpose of protecting the bondhold�rs� interest.
Faragraph of the resolution provides for the segregation
of assets and the appropriation of retained earn�ngs for
debt retirement purposes and defines the manner of account-
ing for the activities of the Public Utilities Fund.
As required by Paragraph l0e of the issuin� r�solution,
an analysis of each account balance appears as follows:
Construction Account
Proceeds of bond sale $1,000,000
Add: Investment earnings through 1984 395,160
1985 Investment earnings 3,879
Total Investment Earnings 399
$'1 399 �39
Deduct: Construction expenditures thru 1984 $1 ,360,385
To construction expenditures 1985 -0-
Total Construction Expenditures $1,360,
Construction Account Balance: 38,654
Debt Retirement Account
Accumulated amounts set aside to meet 1985
requirements for interest and principai:
Investments with accrued interest 58,�490
Reserve account investments 75,000
Tptal Debt Re�irement Account: $__133,490
-39-
Ci�Y of BrooklYn Center
NOTES TO FINANCIAL STATEMENTS
D`eeember 31, 1985
Note 3. Public Utilities Fund(continued)
A summary which reconciles restricted assets with
earnings and also compares appropriated earnings with
restriction requirements as set farth by the resolution
authorizing the sale of revenue bonds is present�d as
follows:
Revenue
Construction Bond Reserve
Account Account Account
Restricted Assets 12/31/85 $133,490 $58,490 $75,000
Appropriated Earnings at
12/31/85 $133,490 $58,490 $75,000
All bonds which mature on January 1, 1982 or thereafter
are subject to redemption (call) on January 1, 1974, or any
interest payment due thereafter in inverse-numerical order
at par and accrued inter�st and premium as fo�.lows;
If redeemed January 1, 1981, or thereafter, no premium.
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves
Pursuant to enacted legislation (Metropolitan Sewer Act-
Chapter 449 Session Laws) the Metropolitan Waste Control
Commission, as of January 1, 1971, assumed ownership of all
existing interceptors and treatment works needed to imple-
ment a comprehensive plan for the collection, trea�ment, and
disposal of sewage in the seven county metropolitan area.
Under the terms of the Act, the Commission is obligated
to reimburse each local government for tk�e cost of facili-
ties acquired. This cost or purchase price of faci�.ities is
based on depreciated replacement cost value as of December
31, 1970, as determined by cost anaJ.ysis and engi.neering
studies. This current value receivable is to be paid by tMe
Metropalitan Waste Control Commission ov�er a period of 30
years and the amouMt will earn interest at an annual rate of
4�. The method of payment will be by right of offset. The
City will apply each annual installment against sewer
service charges as billed by the Metropolitan Waste Control
Commission annually.
-40-
I City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 z 1985
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves(continued)
The installment credit for 1 8 cons's
9 5 ted of principal
and interest and the amount of credit offset against 1985
sewer service billings totaled $10,865, leaving a balance
due over the next 19 years of $197,220 as adjusted by the
M.W.C.C.
Note 5: Special Assess�ent Funds
Special assessments which related to improvements bene-
fiting City-owned properties total $55 as of December
31, 1985. The payment for these improvements (with no
interest charge) has been scheduled over a period extending
through 1987. These assessments are obligations of the
general fund and payment is planned under normal budget
procedures, whereby the needed monies will be appropriated
during the years as each installment becomes due.
Note 6: Pension Plans and Pension Funds
The City participates in two pension plans as follows:
1. All City employees, with the exception of volun-
teer firemen, who have a separate plan, are covered by
the Public Employees' Retirement Plan. This plan is
administered by an independent agency of the State of
Minnesota and is the central plan for employees of
governmental units within the State of Minnesota. The
City contributes, on behalf of its employees, 4.25� to
12� ($245 ,703 for 1985) of its employees' salaries to
this plan and part of that contribution covers previ-
ously unfunded amounts. The City contributed $147
for 1985 to the Public Employees' Retirement Plan for
FICA.
A
ctuarial Valuations of Plan Benefits are as follows:
(Per PERA report of 6/30/85)
a. Minnesota Statutes, Section 356.215, Subd. 4, pro-
vides that actuarial valuations of plan benefits shall
1 be computed in accordance with the entry age normal cost
(level normal cost) method. In the caleulation of
normal cost and accrued liabilities of the benefit plan,
the actuary uses a 5 percent interest rate assumption
and assumes an annual growth rate of 3-1/2 percent in
member's salary.
-41-
CitY of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1985
Note 6: Pension Plans and Pension Funds(continued)
b. The unfunded accrued liabilities of $614 in
the Public Employees� Retirement Fund and $19,341,521 in
the Police and Fire Fund as of June 30, 1985 are the
amounts by which reserves required to fund plan bene-
fits exceed the assets of the funds. In addition to the
level normal cost, the actuarial calculations included
the amount of additional annual contribution which
would be required to retire the current unfunded accrued
liability by June 30, 2010.
PERA is a state-wide contributory retirement plan
for which an individual City's portion of the unfunded
liability is not available because no city is directly
liable for an unfunded liability under Minnesota law.
c. Pension benefits are funded from member and em-
ployer contributions and income from investment of 1
fund assets. Public Employees Retirement Fund members
belong to either the Basic or Coordinated Plan. Co-
ordinated members are covered by Social Security and
Basic members are not. All new members of the Public
Employees Retirement Fund must participate in the
Coordinated Plan. Current contribution rates for the
funds are as follows:
Unfunded
Additional
Employee Employer Employer
Public Employees Retirement Fund:
Basic Plan g9� g� 2_� �2�
Coordinated Plan 4% 4% 1/4�
Police and Fire Fund g� 12�
The above disclosures are not in accordance with Financial
Accounting Standard #36. The required information is not
available because the Association is not required to report
under ERISA.
-42-
CitY of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1985
Note 6: Pension Plans and Pension Funds(continued)
2. The City contributes to the Brooklyn Center Fire-
men�s Relief Association, an independently administered
retirement plan for the City's volunteer firemen. The
benefits of this plan are established by the Minnesota
Legislature and the financing of the plan is provided
for by a state tax on fire insurance premiums and the
City's ad valorem tax. Actuarial studies of retire-
ment needs are made periodically to determine the con-
tributions to the Association. The Association had an
unfunded accrued liability of $98,942. The City re-
mitted $51,500 to the Association in 1985 The City
also transmitted a State Aid payment in the amount of
$59,721.
Note 7: Investment Trust
The Investment Trust was established in 1956 by Council
action to provide a uniform and consistent method of in-
vesting temporary surpluses of cash. Net income of the
Trust is distributed annually to each of the participating
funds on the basis of the average yearly investment main-
tained by each fund. The net income and the effective rate
of return on average investment by participating funds is
shown below by years.
Rate of Net
Year Return Income
1985 11.15� 2,210,965
1984 11.129� 2,097,598
1983 10.33� 1,791,694
1982 11.34% 1,846,622
1981 11.059� 1,622,451
1980 8.87� 1,156,460
1979 8.459� 978,180
1978 7.669� 766,349
1977 7.11� 637,855
1976 6.869� 592,363
1975 7.15% 554,696
1974 7.669� 503, 710
1956-1973 2.77�-6.669� 2,119,600
Total Distributed Earnings 1956 1985 $16,878,
-43-
City of Brooklyn Center
NOTES �0�`INANCIAL STATEMENTS
�ecember 3_1, 1985
Note 8: A�ency Funds and Special Revenue Funds
The Brookl,yn Center Housing and Redevelopment Authority
is no longer considered a separate entity from the City.
The City administers the Authority as a Special Revenue
Fund of the Ci�y. The Brooklyn Center Fire Relief Associa-
tion is a totally separate entity from the City and is con-
sidered an agency account.
Note 9: Interfund Receivables and Payables
Individual interfund receivable and payable balances at
December 31, 1985 were as followst
Inter-Fund Inter-Fund
Fund Receivables Fayables
General 326,304 5,618
Community Development Block Grant 71 120,3�3
Capital Projects 133,593 48,827
Municipal State Aid for Construction Fund 119 23g,312
Special Assessments 239,361 192,747
Municipal Liquor 91
Public Utilities 144,574
Housing and Redevelopment 120,323 2,482
Federal Revenue Sharing 191,759
Diseased Tree 5,548 1,290
G.O. Tax Increment Bonds of 1983 2,482
947�023 947,023
__�T=�
Inter-Fund Transfers In Ou�
Operating Transfers:
General Fund 311
Federal Revenue Sharing 2,737 191,759
Community Development Block Grant 761
Capital Projects Fund
Municipal State Aid for Construction 651,412
Special Assessments 554,55� 5,876
Municipal Liquor 103,500
Housing and Redevelopment 761,468 509,617
Sta�e Aid Street Bonds Debt Service 86,070
LAWCON
Public Utilities
Anti-Recession Fiscal Aid 2,737
G.O. Tax Increment Bonds of �9a5 509 ,617
$2,226,369 $2,226, I
-44-
City of Brookl,yn Center
NOTES �0 FINANCIAL STATEMENTS
December 31 1985
Note 10: Speca.al Revenue Funds
Federal Revenue Sharing grants for the year ended
December 31, 1985, by the entitlement peri,od are as
follows;
Entitlement Period/Quarter Amount
16 2
17 1 '3,�4 $121,910
39,591
$161 ,501
Note 11: Liti�ation
There are several lawsuits pending in which �he City is
involved. The City Attorney estimates that the potential
claims against the City not covered by insurance resulting
from such litigation would not materially affect the finan-
cial statements of the City.
Note 12: Chan�es in Fixed Assets
General Fixed Assets
Balance Balance
January 1, Acqui- December 31,
1985 sitions Disposals 1985
Land 1,116,223 59�788 1,176,011
Buildings 4,531,783 226,817 4,758,600
Park properties 3,682,297 150,535 3,832,832
Furniture 387,683 349 388,032
Departmental equipment 2,826,844 320,623 3,147,467
Storm sewers streets 12,748,817 618,326 13,367,143
Total General Fixed
Asse�s $25,293,647 $1,376,438 -0- $26,670,085
-45-
Cit of Brookl n Cent�r
Y Y
NOTES TO FINANCIAL STATEMENTS
December 31 1985
Note 12: Chan�es in Fixed Assets(continued)
Utility Plant in Service
Balance Transfers Balance
January 1, and December 31,
1985 Additions Disposals 1985
Water Department
Mains and lines 6,889,081 $139,390 7,028,471
Structures 1,852,516 201,593 2,054,109
Equipment 176,060 176,060
Land 24,816 24,816
TOTAL WATER DEPARTMENT 8, $340,983 $-0- 9,283
Sewer Department
Mains and lines 4,882,777 15,280 4 ,898,057
Structures 940,599 89,133 1,029,732
Equipment 176 176,059
Land
TOTAL SEWER DEPARTMENT 5, 999,435 $104 $-0- 6,1Q3,848
Construction in
Progress -0- -0- -Q- -0-
TOTALS $14 ,941,908 445,396 -0- $15,387,304
Liquor Fund Fixed Assets
Ba lance Ba lance
January 1, December 31,
1985 Additions Disposals 1985
Land 5,898 $100,878 106,776
Equipment 137,656 2,598 140,254
Leasehold 56,197 16,883 39,314
Buildings 214,022 214,022
TOTALS 199,751 $317,498 16,883 500,366
-46-
CitY of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1985
Note 13: Additional Segment Information
Public Municipal
Utilities Liquor
Fund Fund Tota1
Operating Revenues 1,625,525 $546,6Q.3 2,172 168
Depreciation Expense 300,285 12,162 312,447
Net Operating Income (Loss) (224,405) 131 (93 ,171)
Operating Transfers
From {To) Other Funds (103,500) (103,500)
Net Income (Loss) 571 21,825 592, 979
Capital Contributions 238 238,183
Property, Plant Equipment, Net 11,442,879 348, 781 11,791
Net Working Capital 3,709,591 194,016 3,903,607
Total Assets 20,013,347 691,895 20,705,242
Bonds and Other Long-Term
Liabilities Payable From
Operating Revenues 315,000 315,000
Total Equity 19,362,593 256,793 19,619,386
Note 14: Industrial Development Revenue (IDR) Bonds
Industrial Development Revenue Bonds are payable solely
from payments derived from a revenue agreement between the
City, as obligee, and a contracting party, as obligor, and
are not obligations of the issuing municipality within the
meaning of any constitutional or statutory provision, do
not give rise to any pecuniary liability of the City or its
officers, and are not a charge against the City's general
credit and/or taxing powers.
-47-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1985
Note 14: Industrial Development Revenue (IDR) Bonds(continued)
The City of Brooklyn Center has issued the following
Industrial Development Revenue Bonds:
Year Amount
Company Issued Issued
Medtronics, Inc. 1979 $1,000,000
Minnesota Municipal Leasing
Corporation (LOGIS) 1979 800,000
Cass Screw Machine Products 1979 750,000
Commercial Partners/Brookdale 1980 6,200,000
S S Real Estate (Swenson's
Carriage House) 1980 750,000
Brookdale Office Park Partners 1g81 8,200,000
Shingle Creek Eleven Project 1981 1,600,000
Federal Lumber 1981 1,000,000
Brookdale Corporate Center I 1g81 8,100,000
Shingle Creek Development Company 1982 2,172,150
Brookdale Corporate Center 1984 8,790,000
Brookdale III Limited Partnership 1985 9,000,000
Note 15: Commitments
1. The City expects all contracts to be completed within
one year.
2. Liquor Fund lease commitments for rental are as follows:
Store #1 is City-owned.
Store #2 is City-owned.
Store #3 lease requires payments of $1 per month,
plus pass-through expenses, and continued
through December 31, 1987. Current payments
total $1,946.13 per month.
Note 16: Reserves
1. Restricted assets reserve of $307,979 consists of Metro
Waste Control Commission receivables ($197,220) and deferred
assessments ($110,759) not available for current use.
2. Debt retirement reserve of $133,490 is required by bond
indenture.
3. Construction reserve ($38, is the unused portion of
bond proceeds and interest earned on the proceeds.
4. Working Capital reserved by Council ($620,000).
5. Plant expansion reserved by Council ($4,000,000).
6. Reserve f or encumbrances ($13,119) are unused appropri-
ations reappropriated the succeeding year.
7. Inventories and prepaid expenses are reserved in the
General Fund ($49,234)•
-48-
City of Brookl,yn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1985
Note 17: Deficit Fund Balance
Deficit balances exist in the following funds:
Fund Amount
Special Assessments 1959AB (28)
1982 (1,051,491)
Construction (367,391)
Diseased Tree Removal (955)
In all these funds, the collection of special assessment
levies are expected to exceed fund deficits.
Note 18: Reportin� Entity
Beginning with the year ended December 31 1983 the City
implemented National Council on Governmental Accounting
Statement No. 3, Definin� the Governmental Reportin�
Entity. In accordance with G.A.S.B. pronouncements, the
financial statements include all funds, account groups,
departments, agencies, boards, commissions, and other or-
ganizations over which City officials exercise oversight
responsibility.
Oversight responsibility includes such aspects as appoint-
ment of governing body members, budget review, approval of
property tax levies, outstanding debt secured by City full
faith and credit or revenues, responsibility for funding
deficits, and others.
As a result of applying the entity definition criteria of
the Governmental Accounting Standards Board, certain organ-
izations have been included or excluded from the City's fi-
nancial statements, as follows:
Included:
Housing and Redevelopment Authority in and for the City of
Brooklyn Center (HRA).
HRA was created by the City to provide housing and
redevelopment assistance to Brooklyn Center citizens.
The HRA provides this assistance through the admini-
stration of various programs.
-49-
Cit� of BrooklYn Center
NOTES 'r0 FINANCIAL STATEMENTS
December 31, 1985
Note 18: Reportin� Entity(continued)
Excluded:
Brooklyn Center Fire Relief Assocfation
This association is organized as a non-profit organi-
zation by its members to provide pension and other
benefits to such members in accordance with Minnesota
statutes. Their boards of directors are appointed by
the membership of the association. All funding is eon-
ducted in accordance with Minnesota statutes, whereby
state aids flow to the association, tax levies are de-
termined by the association and are only reviewed by
the City, and the association pays benefits directly to
its members. (See Note 6 for disclosures relating to
the pension plan operated by the association.)
Independent School District No. 286 (Earle Brown)
Tndependent 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
Technical Institute)
The Districts, like all school districts in Minnesota, are
campl�tely independent of any other governmental entity.
They hav� their own elected Board of Educa�ion, levy their
Qwn taxes and prepare their own financial reports.
j
-50-
Ci�ty of Brookl n Center
NOTES T�FI�1 ANCI� STATEMENT
December 31, 1985
Note 1g: �geess of Actua�. Expenditures Over Bud�et i�n Ind�,vidual
Funds
The follawing funds had an excess af aGtual expend�tures
ov�r Budget for the year ended December 31, 198�:
Fund Budget Actual Excess
Fede.ral Rev. Sharing $184,486 $191,�00 $7,414
Fub. Emp. Retirement 28,000 28,238 23�
Diseased Tree Removal 60,000 60,080 80
Comm. �ev. Block Grant 765,000 765,967 9E�7
Note 20. Tax Tncrement Financin� Districts
The City af Broak�.yn Center is the administering autho�a.ty
for �he fol�owing tax increment finance districts:
BrutgEr Earle Brown
Proposal k'arm
District Number 210Q 2101
Type of District Hou�i.ng R�development
Authorizing Statutes 46�.545 46�.545
462.�85 462.585
Year Established 1983 1985
Durat�.on of District 2008 2010
Ori�inal Assessed Value 93,14� $5,076,604
Current Assessed Value 752,034 5,076,604
Captured Assessed Value
Retained by �he City $658,$9�4 �Q-
a�.:���c :scas.::cqu��
Total General Obligation
Tax Tncrement Bonds Issued $930,000 $5,250,p00,
Arnounts Redeemed -0_ _p.,
Outstanding Bonds at
December 31 1985 $930,000 $�,250,OQ0
-51-
City of Brooklyn Center, Minnesota
GENERAL FUND
The City of Brooklyn Center Home Rule Charter provides in Section 7.11
that �'there shall be maintained in the City Treasury a classification
of Funds which shall provide for a General Fund for the payment of
such expenses of the City as the Council may deem proper, and such
other funds as may be required by statute, ordinance or resolution".
The General Fund was established to account for all revenues and
expenditures which are not required to be accounted for in other
funds. It has more diverse revenue sources than other funds. These
revenue sources include property taxes, licenses, permits, fines and
forfeits, intergovernmental, service charges, rents, and investment
interest earnings. The Fund's resources also finance a wide range of
functions, including the current operations of general government,
public safety, public works, health and welfare, recreation, and
unallocated general expenditures.
Revenues and expenditures in this Fund are recognized on the modified
accrual basis. Revenues are recognized in the accounting period in
which they become available and measurable. Expenditures are
recognized in the accounting period in which the related liability is
incurred.
City of Brooklyn Center A
General Fund
COI�ARATIVE BALANCE SHEET
December 31, 1985 and 1984
Totals
1985 1984
ASSETS
Ca.sh 635 635
Temporary investments �,17�,553 3,825,27�
Aecounts receivable 18,946 15,117
Taxes receivable 338,925 252,04�
Due from other funds 326,30�4 32,505
Due from other governments 15,060 14,087
Inventory of supplies 43,178 73,994
Prepaid insurance 6,056 134,372
TOTAL ASSETS �,923,657 �,3�8,028
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable 196,388 93,120
Contracts payable 14,418 12,000
Due to other funds 5,618 2,481
Accrued salaries payable 91,997 78,977
Accrued vacation and sick pay 59,037 54,924
Total Liabilities M__ 367 ,�58 N_' 241,502
Fund Balance
N Reserved: For inventories and prepaid expenses 49,23�4 208
For encumbrances 13,119 14,887
Unreserved fland balance �,�#93,8�+6 3,883,272
Total Fund Balance 4 ,556,199 b,106,526
TOTAL LIABILITIES AND FUND BALANCE 4,923,657 �,3�8,028
(See notes to financial statements)
-52-
City of Brooklyn Center A-2
General Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET (GAAP BASIS) AND ACTUAL
Year Ended December 31, 1985
With Comparative Actual Amounts for the Year Ended December 31, 198�
---1985-----------
Actual Over
or Under(-) 1984
Budget Actual Budget Actual
Revenues
Ad valorem taxes 2,�55,3�� 2,���:�53 -11,191 2,�107,352
Licenses and permits 257,860 387,806 129,9�+6 296,667
Intergovernmental 2,629,177 2,618,957 10,220 2,524,49�
Charges for services 929,822 979,543 �49,721 919,796
Court fines 170,000 187,045 17,0�45 158,823
Miscellaneous 167,283 3�8,316 181,033 337,201
Total Revenues 6,609,�+86 6,965,820 356,334 6,644,333
Expenditures
General government 1,384,88�4 1,283,050 -101,83� 1,112,173
Public safety 2,373,240 2,143,843 -229,397 1,985,108
Streets and highways 1,559,320 1,560,842 1,522 1,383,039
Community and health services 28,911 34,326 5,�15 30,437
Parks and recreation 1,439,619 1,389,075 -50,544 1,319,298
Non-Departmental 392,257 �416,937 24,680 337,62�
Total Expenditures 7,178,231 6,828,073 p -350,158 6,167,679
Excess or Deficiency(-) of
Revenues Over Expenditures -568 7�+5 137 7�+7 706 492 476 65�+
Other Financing Sources or Uses(-)
Operating transfers in 257,748 311,926 54,178 330,452
Total Other Financing
Sources or Uses(-) 257,748 311,926 5�,178 330,452
Excess or Deficiency( y of Revenues
and Other Financing Sources Over
Expenditures and Other Uses -310,997 �+49,673 760,670 807,106
Fund Balance January 1 M �+,106,526 �4,106,526 0 3,899,�20
Residual transfers
To Ca.pital Projects Fund 0 -600,000
Fund Balance December 31 3,795,529 �+,556,199 760,670 �+,106,526
(See notes to financial statements)
-53-
l
City of Brooklyn Center S
General Fund
SCHEDULE OF REVENUE BUDGET AND ACTUAL (Continued next page)
OBJECTIVE CLASSIFICATION
For the Year 1985 with Comparative Aetual for 198�4
1985
Actual Over
or Under(_) 1984
Budget Actual Budget Actual
Ad Valorem Taxes
Real Estate taxes 2,�405,3�u 2,�+�5,424 80 2,376,771
Penalties and interest 50,000 38,729 -11,271 30,581
Total Ad Valorem Taxes 2,�455,3�4� 2,�4�,153 -11,191 2,�107,352
Licenses and Permits
Liquor and beer 110,550 128,b00 17,850 108,753
Building permits b5,000 1�4,333 99,333 76,600
Mechanical permits 16,000 22,701 6,701 23,597
Electrical permits 16,700 15,765 935 15,971
Food licenses 17,�400 13,559 3,8�+1 13,806
Plumbing permits 7,000 15,504 8,504 8,411
Rental dwelling permits 9,000 10,796 1,796 11,$09
Sewer and water permits 4,000 5,302 1,302 3,988
Dog licenses 5,500 5,288 -212 b,191
Swimming pool licenses 2,500 2,695 195 2,792
Service station licenses 1,880 1,798 -82 1,766
Mechanical licenses 2,500 3,011 511 2,737
Miseellaneous business license 1,200 1,478 278 1,301
Garbage licenses 1,180 1,264 84 1,264
Vehicle dealer licenses 900 762 -138 973
Cigarette licenses 850 696 15� 763
Sign permits 1,500 1,1�45 -355 1,672
Taxicab licenses 500 1,729 1,229 659
Bowling licenses 700 700 0 700
Lodging establishments 500 415 -85 �56
All other licenses and permits 12,500 10,465 -2,035 12,�458
Total Licenses and Permits ~N 257,860 387,806 Y 129,9�16 296,667
Intergovernmental
Federal grants:
Miscellaneous small grants 37,633 10,082 -27,551 2,096
Total Federal Grants 37 ,633 10,082 27,551 2,096
State grants:
Miscellaneous small grants 0 _____10,114 _____10_11�4 4,640
Total State Grants 0 10,114 10,11�4 4,6�40
-54-
City of Brooklyr� Center S-1
General Fund
SCHEDULE OF REVENUE BUDGET AND ACTUAL (Continued next page)
OBJECTIVE CLASSIFICATION
For the Year 1985 with Comparative Actual for 1984
1985
Actual Over
or Under( 198�4
Budget Actual Budget Actual
Intergovernmental (continued)
State shared taxes:
Local government aid 1,8�37,087 1,845,858 -1,229 1,742,535
Reduced assessments
Homestead credit aid 61�►,457 614,457 0 639,289
Fixed machinery tax
Police pension aid 78,000 78,725 725 81,158
Firemen pension aid 52,000 59,721 7,721 5� 77
6
Total State Shared Taxes 2,591,544 2,598,761 7,217 2,517,75�
Total Intergoverrunental Rev. 2,629,177 2,618,957 -10,220 2,524,494
Charges for Services
Inter-Fund charges Admin.:
Public Utility Fund 122,000 155,864 33,86�4 1�43,603
Liquor Fund 43,000 40,688 -2,312 37,798
Other Funds 5,000 9,600 4,600 2,634
Engineering and clerical fees 120,000 139,308 19,308 102,907
General government charges 18,280 26,738 8,458 41,579
Public safety charges 3,000 9,783 6,783 8,607
Recreation fees 618,5�+2 597,562 -20,980 582,668
Total Charges for Services 929,822 979,5�3 49,721 919,796
Court Fines
Fines N 170,000 187,0�45 17,0�45 158,823
Total Court Fines 170,000 187,045 17,045 158,823
Miscellaneous
Rent 14,000 13,9�0 -60 18,049
Interest on investments 150,000 309,$$5 159,885 267,264
Other 3,283 2�,�91 21,208 51,888
Total Miscellaneous 167,283 3�8,316 181,033 337,201
Total Revenue 6,609,486 6,965,820 356,334 6,6�+4,333
-55-
City of Brooklyn Center S-1
General Fund
SCHEDULE OF REVENUE BUDGET AND ACTUAL (Continued from prior page)
OBJECTIVE CLASSIFICATION
For the Year 1985 with Comparative Actual for 1984
Aetual Over
or Under(-) 1984
Budget Actual Budget Actual
Other Financing Sources
Operating transfers in 257,7�8 311,926 54,178 330,452
Total Other Sources 257,7�8 311,926 54,178 330,452
Total Revenue and Other Sources __6,867,234 __7,277,7�+6 �410,512 __6,974,785
(See notes to financial statements)
t -56-
City of Brooklyn Center S-2
General Fund
SCHEDULE OF EXPENDITURES CONIl'ARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended December 31, 1985
With Comparative Actual Amounts for the Year Ended December 31, 1984
1985
Actual Over
or Under(-) 1984
Budget Actual N__ Budget M-_ Actual
General Government
Mayor and Council:
Personal services 25,016 18,095 -6,921 18,121
Services and other charges 76,129 59,157 -16,972 33,553
Total Mayor and Council 101,145 77,252 23,893 N 51,674
Charter Commission: M
Services and other charges 1,500 526 -97�4 28�4
Total Charter Cor�nission 1,500 526 -974 28�4
Administrative Office:
Personal services 229,481 219,998 9,�83 203,302
Services and other charges 19,900 17,917 1,983 12,207
Capital outlays 0 8,528
Total Administrative Office 2�49,381 237,915 -11 466 22�4 0
37
Elections and Voter Registration:
Personal services 6,759 �+,907 1,852 6,�21
Services and other charges N___ 10,800 �4,305 -6,495 _____16,
Total Elections 17,559 9,212 -8,3�+7 23,217
Assessor's Office:
Personal services 1�42,536 133,087 9,449 121,783
Supplies 2,610 2,053 557 1,19�
Services and other charges 7,103 4,437 2,666 4,9�18
Capital Outlay 840 656 -18� 1,652
Total Assessor's Office 153,089 1�0,233 �___12,856 129,577
Finance:
Personal services 232,437 223,258 -9,179 207,757
Services and other charges 955 969 14 9�+5
Capital outlay 1,300 870 -�30
Total Finance 23�,692 225,097 -9,595 208,702
-57-
City of Brooklyn Center S-2
General Fund
SCHEDULE OF EXPENDITURES CON�.'ARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended December 31, 1985
With Comparative Actual Amounts for the Year Ended December 31, 1984
1985
Actual Over
or Under(-) 1984
Budget Actual Budget Aetual
General Government (continued)
Independent Audit:
Services and other eharges 12,000 7,406 -4,594 8,177
Tota1 Independent Audit 12,000 7,�406 -4,59� 8,177
Legal:
Services and other charges 154,018 145,301 -8,717 127,003
Total Legal 154,018 145,301 -8,717 127 003
Government Buildings:
Personal services 190,700 168,624 22,076 169,338
Supplies 19,500 2�4,241 4,741 26,5�+7
Services and other charges 133,�+30 131,119 -2,311 114,270
Capital outlay 117,870 116,124 -1,7�46 29,3�7
''I
Total Government Buildings �161,500 ��0,108 -21,392 339,502
Total General Government 1,384,88�4 1,283,050 -101,83� 1,112,173
Public Safety
Pol ce Protection:
Personal services 1,520,309 1,425,739 -94,570 1,388,197
Supplies 28,908 22,731 -6,177 25,373
1 Services and other charges 150,875 130,615 20,260 91,92�
Ca.pital outlay 67,658 59,029 -8,629 32,4�+8
Total Police Protection 1,767,750 1,638,114 -129,636 1,537,942
Fire Protection----------
Personal services 182,188 141,518 -Z10,670 55,522
Supplies 11,9�0 12,244 30�+ 13, 32�4
Services and other charges 41,181 37,902 -3,279 98,253
Ca.pital outlay 68,875 61,504 -7,371 25,536
Total Fire Protection 304,184 253,168 51,016 192,635
Protective Inspection:
Personal services 183,413 162,321 -2i 167,204
Supplies 300 303 3 350
Services and other charges 11,600 9,883 -1,717 11 ,533
Capital outlay 450 266 -184 183
P 95,763 172�773 _22,990 �79,270
Total Protective Ins ection 1
i
-58-
City of Brooklyn Center S_2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended December 31, 1985
With Comparative Actual Amounts for the Year Ended December 31, 198�4
1985
Actual Over
or Under( 1984
I Budget Actual M-- Budget Actual
Public Safety (continued)
�Emergency Preparadness:
Personal ser
vices t}
62 2
,7 39, 92 2,470 38,334
Supplies 2,069 1,246 -823 �61
Services and oth
er char es
8 048
4 680
3,368 5,100
Capital Outlay 39 935 2 �48 1
3,9 5,987 12,240
Total Emergency Preparedness 91,81� 69,166 -22,6b8 56,135
-----r_ r��------
Animal Control:
Personal services 5,504 4,856 -648
Services and other charges 8,225 5,766 -2,459 19,126
w__
Total Animal Control 13,729 10,622 -3,107 19,126
Total Public Safety 2,373,2�40 2,143,8�43 Y -229,397 1,985,108
Public Works
M E ineeri De rtment:
Pa
Personal services 344,026 330,372 -13,654 295,048
Su lies
PP 5 000 4 28
,9 72 2,631
Services and other charges 4,800 5,309 509 1,851
Capital outlay 12,350 9,856 -2,49�+ 2,589
Total Engineering 366,176 350,465 -15,711 w 302,119
Street Department:
Personal services u28,092 429,538 1,446 �►04,259
Supplies 82,800 89,72� 6,924 118,764
Services and other charges 12U,575 124,3�4 -231 57,572
Capital outlay 67,350 64,714 -2,636 �+3,723
Total Street 702,817 N 708,320 5,503 M 624,318
Maintenance Shop:
Personal services 125,592 116,500 -9,092 113,699
Supplies 166,500 186,2�41 19,741 146,621
Services and other charges 32,500 43,053 10,553 �I�,187
Capital outlay 8,175 5,639 -2,536 7,012
Total Maintenance Shop w 332,767 351,�133 r 18,666 ��311,519
Traffic Signals and Lights:
Supplies 900 270 -630 �7
Services and other charges 156,660 150,35�1 -6,306 1�15 036
Total Traffic Signals 157,560 150,624 -6,936 1�45,0$3
-------'5 �3 3, 39
Total Public Works 1,559,320 1,560,842 1 22 1 8 p
---------59
City of Brooklyn Center S_2
General Fund
SCHEDULE OF EXPENDITURES CONIPARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended December 31, 1985
With Comparative Actual Amounts for the Year Ended December 31, 1984
1985
Actua.l Over
or Under(-) 1984
Budget Aetual p__ Budget Actual
Conununity Health Services
Health Regulation:
Services and other charges 28,911 3�,326 5,415 30,�37
Total Health Inspection 28,911 3�,326 5,�15 30,�37
M
Total Co�nunity Health 28,911 3�,326 5,415 30,437
Parks and Recreation
Administration:
Personal Services 157,216 1�8,215 -9,001 171,630
Supplies 5,400 4,906 494 2,806
I Services and other charges 18,250 14,5�7 3,703 16,611
Capital Outlay 0 $,$71�
Total Administration 180,866 167,668 13,198 199,921
Adult Programs--------
Personal services 24,550 38,702 14,152 28,405
Supplies 29,697 39,1�0 9,�+�+3 37,�+05
Services and other charges 165,975 143,200 -22,775 97,263
Capital Outlay 1,050 484 -566
1` Total Adult Programs 221,272 221,526 N 254 163 073
A
Teen Programs:
Personal services 2,100 2,986 886 3,181
Supplies 325 1,150 825 761
Services and other charges 3,800 1,3�� -2,456 2,038
Capital Outlay �150 349
Total Teen Programs 6,675 5,829 -8�6 5,980
1 Children's Programs:
Personal services 30,622 33,017 2,395 23,190
Supplies 7,169 10,292 3,123 7,664
Services and other char�es 21,005 1�4 14 690
Total Children's Programs 58,796 57,646 -1,150 �5,5�+�
-60-
1
City of Brooklyn Center S-2
General Fund
SCI�DULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS (Continued from prior
For the Year Ended December 31, 1985 page)
With Comparative Actual Amounts for the Year Ended December 31, 198�+
1985
Actual Over
or Under( 1984
Budget Actual Budget Actual
Parks and Recreation (continued)
N General Programs:
Personal services 24,300 24,455 155 21,101
Supplies 850 972 122 8,967
Services and other charges 24,579 21,502 -3,077 _____38,
Total General Programs 49,729 46,929 2,800 68,999
Community�Center
Personal services 188,057 206,547 18,490 185,821
Supplies 31,650 55,�07 23,757 48,829
Services and other charges 136,700 151,112 14,412 128,227
Ca.pital outlay 85,510 �1,99b -43,514 24,591
Total Co�nunity Center 441_917 N__ �+55,062 N___ 13,145 M__ 387,468
Park Maintenance:
Personal services 323,916 272,312 -51, 29�+,016
Supplies 37,783 38,131 3�8 �0,717
Services and other charges 58,500 65,497 6,997 48,631
Capital outlays 60,165 58,�+76 -1,689 6�,949
Total Maintenance �480,36� �►3�,416 448,313
Total Parks and Recreation __1_439_619 __1,389,076 -50_543 _1,319,298
Non-Departmental
Expenditures not Charged to j
Departments:
Personal services 1�42,232 161,820 19,588 124,564
Supplies 17,000 18,3�1 1,341 16 ,349
Services and other charges 179,880 185,158 5,278 '179,022
Capital Outlay 53,145 51,618 -1,527 17,689
Total Non-Departmental 392,257 416,937 24,680 337,624
Total Expenditures 7,178,231 6,828,074 -350,157 6,167,679
(See notes to financial statements)
-61-
City of Brooklyn Center, Minnesota
SPECIAL REVENUE FUNDS
The Special Revenue Funds were established to account for revenues
derived from taxes and/or other specific revenue sources. The Fund's
resources are usually restricted by statute, City Charter or ordinance
to finance specific City functions or activities.
Revenues and expenditures in this fund are recognized on the modified
accrual basis. Revenues are recognized in the accounting period in
which they become available and measurable. Expenditures are
recognized in the accounting period in which the related liability is
incurred.
Federal Revenue Sharin� Fund: This Fund was established to account
for funds received under the "State and Local Fiscal Assistance Act of
1972" as amended in 1976.
Anti-Recession Fiscal Aid Fund: This Fund was established to account
for funds received under "Title II of the Public Works Employment Act
of 1976".
Public Em�lo�ees Retirement Fund: This Fund was originally
established to account for the central collection of employer and
employees' share to pay employee pension contributions under various
pension programs. Pension contributions are now processed through
each individual Fund.
Diseased Tree Removal Fund: This Fund was established to account for
the collection of resources and expenditure of these resources for
diseased tree control.
LCMR and Lawcon Fund: This Fund was established to account for land
and water conservation funds received from federal and state grants.
Transfers are made from this Fund to the Capital Projects Fund where
accounting for project costs takes place.
CommunitX Development 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
Capital Projects Fund where accounting for project costs takes place.
Open Space Land Acquisition Fund: This Fund was established to
account for funds received from federal, state, and county grants for
financial assistance for the acquisition of public open space lands
withzn the community.
Housin� and Redevelopment Authorit� Fund: This Fund was established
to account for the Housing and Kedevelopment Authority (HRA) of
Brooklyn Center.
r w■� �r �r i
aty o�' eru�ciyr, ae� a.i
special F�a�e Flr�ds
Qr'BIl�ID�X" BALANCE SE�f
Year FY�ded Daoeo�er 31, 1985
With �apatative lbtals fcr the Year FY�ded D�ea� 31, 1984
F�eder�l A�lic I�iseased �nitY ��B
Aeva'i�e Fhgloy�se�s gee I.Q�R and De�relo�ma� 1�nd Aedeve]q�ma�t
St�r'irg �tire� Iiaooval La�oan B]r�lc (�t AoquLstirn Atztt�arity '1995 1984
AS��..S
T�Porary in�a�ts �4,2�1 610,7�++ 3,050 82,264 3,5�W 3,�56,006 4,199,857 3 902,454
A000�r�ts neoeivab]e 15,000 17,166
'i�es reoeivable: 32,166 10,018
Deferr�ed speaial a�ts 16,712 16,712 11,790
Delinq��ts
�s �+9 849 680
Ad valcx�em 5,?C�2 5 2,484
LUe fl�n ak!'�^ flr�ds 5,548 71 12D,3�i 1z5,9� 135
Ltie f2� cA'2'�e^ �ou�erma�ts 39,591 33�1 1ZT,115 167,W0 175,576
Zvm1., AS� 263►836 6�,T�W 4�2,8� 82,998 12T,'�86 3,5�W 3,382,033 4,547�T18 1,23B,2D3
N LIAFtI1 •�'f�5 N�ID BAiANCE
e
L.iabilitips
A� P&Y�� 94 26,278 1 38,978 66,77t 31,013
1�e to dY�' flrds 191,799 1,290 1�,3�i 2,4$2 315,8�4 133,618
16,722 11,790
lbtall.�bilities 191,799 9µ 43rT90 0 �21�684 0 41,460 398r787 176,1�L1
Ftrrl �]ar�es
Ii�i9erved 2,336 3,�0,573 3►342,909 5�6?9
LYa�'ved 89,T43 625,69D -9Y 82,998 5,502 3,544 0 806,082 1,�56,103
1bta1 Flyd �]arnes 92,079 6�i,650 82,998 S,S�e 3�544 3,3uo,573 4,148,99� ],061,782
1U1�1t, L7AEi7L� MID Ft1�1ID BACAN� ?�3,838 6�25,744 42.835 82.596 127,186 3,544 3,382,033 $�,547,778 1,?�8,Z03
(See r10�es to t•i,�a.Y±ia� �q)
aty arook�m c� a2
�ec�at Aeu�a.�e Etnds
Q�BIIVII+X'r STA�IIVf (F' 1�11�Nk�, F�II�TUl�, AAID �i9A�T IN FTl� BAIAI� P�ID(ET ADID ACIUA[. (Q�in�ed t�ct pege)
Year F��ded Deo� 31, 1985
With C�erative lbtals �r t3�e Year FY�ded Daoanbe�r 31, 1984
Ftebaal Ae�+�ai�e marirg Flnd Arti-Asoeasirn Fisoal Aid FLnd Pt�l3�e �]cyecs Aetic�a�t F1nd
Ova" OuFr' Over
Ikdct'(-) tl�da{-) Urri�{
Ac�al B� Bu�at Ac�al H�t H�et Acti.sl Bu�et
Agt+e�
i
Ir�t�go�v�rnm�rtal:
Feaa� �s ,5,,50, g ,6,,50, o 0 3 0
�6�,5oi �6�,,5oi o� o� o o$ o a o 0
rBsoellar,eas
?�,er�est an inu�ee�ts 17r� 17•057 57 0 60,000 61,996 1,996
a'�'�' 0 0 15►� 15.000
Tbtall�oel]aneois 17,� i7,�T 57 0 0 0 60,OOD 76,996 76,596
T� 178,501 1'T8,�8 57 0 0 0 60,000 76,596 16,996
Fkparlit�s�ea
rn
w
0 0 0
Servioes a�d d�ges 150 141 0 28,000 28,Z� Zj6
Zbtal Dcpa�ditta'es 150 141 0 0 0 28,000 �,238 238
FSa�ss cr DatYcit(-) af Aev�a�ues Oua� �dit�asa 1?8.$1 178 66 0 0 0 32.000 48,$8 16,358
Ot1��er Firs�cirg sa�s ar (Ises(-)
��6 2,'l3l 2,737 0 0
��B 184�33G -191r799 7rll�i -2,T37 -2,'T37 0 0
'Ibtal Ott� Fit�eneirg Sa�oas cr fTs�-) 184,336 -189,�2 -4,686 -2,731 -2,T37 0 0 0 0
ESooess or DefYcit(-) oP A�vaa�as and Saaves Ouer
Dtpa�dltts+es a[Id Otl�a' I�es �,985 -10,G05 �1,62D �,737 �,T37 0 32 48,358 16
Pl.r�d �.anoes J�tary 1 48,�6 1Q2,684 54,188 2,6T( 2,737 60 573,362 577,292 3r93�
Ftrrl �]acn�s Daoa� 31
2,336 2,336 0 0
txa�aved 42,5t1 89r743 47►232 �0 0 60 G05,3G2 625►650 20,�8 I
lbtal Plnd �]arnes Dao� 31 42,511 92,�1'9 49,5� �0 0$ 60 G05,362 6a,650 20,288 I I
i
�I
i
cxty of �dc],yn G�ter B-2
Special A.wene F1r�is
SfAg2�E1JT F�,11II�ES, E�II�IDITUt�, AAID QiAI�S IN FZI�ID FALAN�S -�ID(Ef AAID AC1ZW. (�1�in�ed $tm pria' PAS'�)
Year FYrled Dao�l� 31, 1995
With (t�arative Ttka]s fcr the Year EYried Deoa�er 31, 1984
I�i.5ea,9ed TYee Aaroval Flxd IA�i and LPwocn F1nd O�nity Develo� B]odc (�'s'� Flnd
Oue' Ouec Ouer
tkda{-) Ik'da'(-) �Y�de'(-)
a�'�
�uert�ss
Irfi,er��rmartal:
Fedasl �ts 0 0 760.000 768,�i1 8,2b1
1t*allr�er�yovestmgtal 0$ 0 0 0 0 0 760,OOD 768,351 8,Z61
Q�ergas fcr sevioes:
Fees 52,000 52,496 496 0 0
S,OOD 3, -1,513 0 0
1bta1 fa� Sevia� 57,OOD �,983 -1,017 0 0 0 0 0 0
Misoellsrr�as
liter�t m irnra�s 1,000 1,797 797 8,000 8,254 ?54 2,500 2,953 453
Ottpr 1,200 1,Z00 0 0
1bta1 lSsoel]a�eas 1,000 2,94T 1,99T B 8,?51 2,500 2,953 453
1t�a1 ��s 58�000 58r98D 990 B�OOQ 8�254 �1 762 TT1�214 8�714
�i�
Servioas ard ott�er crraz�as 60,Q00 60,OB0 8D 0 5 4,499 �Ol
1bta1 FXpardit�es 60,000 60,080 80 0 0 0 5,000 �4�!M99 �01
Do�s or I�PtMt(-) of �ue� Ou�er Ekpe�ditta�es -2,000 -1,100 90� 8�000 8,�'i4 �4 757,500 766 9
Ott�er Financirg Saa� ar
Q�s'atirg t.rar�sf'es in 0 0 0
Ope'Bticlg t28�1ef�35 ot� 0 0 760r� 751 �468 -1
1t*al Otl�a° Ficsrr,irg San� cr IJsas(-) 0 0 0 0 0 0 760,000 761,468 -1,466
F�oess ar Deficit(-) af 3�u�au�s and Saznes We'
E�cps�dit�sas a�d Otl�e• I19es -2,000 -1,100 900 8,000 8,254 �I -2,500 5.247 7
Flrrl ffi]ar� J�ry 1 878 145 733 74,029 'Tt1,344 315 �+,428 4,683
flnd �]arnes Daoa�er 31
Aasav�ed 0 0 0
fla''a�rved -1,1?2 167 82,Q29 82,9� 569 -6,9�3 5,502 12,43D
Tbtal Fl.rd �larnas Lb�m�s^ 31 -1,122 167 82,�9 82,596 3 5fA -6,926 5,502 12,4�
aty o� �yn c�- az
S�ecial Aeu�aa�e Flrrls
Q�'BINII�G STA�FIdT CF 1�.UII�ES, E7�II�IDITU�S, MD QiA[J�T IN FTId) BALANI'�S BI�f MID AC1t1AL (Qntitalgd fYrm Pria' P�;e)
Year' Ehded Daoa�e^ 31, 198�
With Q�erative lbta]s fm the Y+ear FY�ded DeoanUer' 31, 1964
Lpe� S��ec�e I�d Aoquisitirn Ftarl Iixsir�g ad I�devela�t A�ity Tbtals
Ovpr Owa' Ove'
ZYrler(-) Uoda'{-) 19� 198� ik�ia"(-) 1964
Budget Acttal H�et Bu�get Actual Budget Bir�t Acttal Hucget Actual
0 3�,000 54�406 594 Y� 54,406 994 61r751
Irrte�over�mart,al:
Fede'al g�ents 0 0 921,501 429,762 8,a51 485,2�16
��s 0 15,OOD 15,163 163 75,000 75,163 163
TtkalItrte'Sw�nu�rtal 0� 0$ o$ 70�000 69�569 1131 991,501 999r331 7,83J 546r997
Q�argps fcr sevioas:
Fe� 0 0 52,000 52 496 43,702
�i� 0 0 5,000 3,48T -1,573 3,u2D
Tbt,�1 Q�nrgas fa" Sevi.ce:s 0 0 0 0 0 0 57,000 �,963 -1,017 47,122
Misoellarr�as
300 $6 56 0 86,800 92,013 3,213 1oe,eo3
0 5,95 5,9� 22,'la ?2,1c�i 38�998
T�1 Misoellar�eo�s 3J0 356 56 0 5,92� 5,9Ei 88,80D 114,138 25,�8 141,401
?b�a1 �vs��ss 300 356 56 70�OOD 75�� 5�494 1,137�301 1,169 3z,151 '�5�S�D
in
0 15,000 14,403 �9'T 75,000 14,403 �9'7 85,698
Setviaes aa�d ott�a �rg� 0 2,500,000 2,Wa0,810 �9,1� 2,593r150 2,533,8eB �9,3?2 3�ir117
'�bta1 �it� o 0 0 2,515,000 2,4�,2?3 �',9,72f 2,6o8,t5o 2,548,zi1 �,9,919 408,8�5
D[oas9 or DefiClt(-) of l�Veri�es Ovei'�pebitaa'es 30D 366 56 -2,445,000 �,379rT19 65 -1,470,849 -1,378 92,Ut0 326r7�
Otha� Firerr.irg Saaoas or tlses(
P.w:.:.,s o� c.a ►�or� s�e 0 5,167,364 5,167,364 0 5,167,364 5,167,364 0
Opa'atiqg trsa'Bf'es in o "160,000 761,468 1,b68 760,000 764,205 4,z05 335,461
Operetirg transf'ers wt 0 �00,000 �09,617 -9,617 -1,447,0T3 -1,465,581 -18,508 706,171
Tbtal Otha� Fir�cirg 8amoas or Il9es(-) 0 0 0 5,4Z7,�1 5,419,215 -8,149 4,480,291 4 -14,�"3 3T2,710
Dco� a� Deficit(-) of T�vsa�as a�d Sanroes Rrs"
F�pe�3iti,a�s ard Other t19as 300 3�6 56 2,962�3G�+ 3,039,�36 57,�f2 3,009,442 3,o8'T�209 T7,767 116,005
Find �larx�es Jaaasry 1 3,169 3,188 19 299,�52 3�1,137 1,985 99'7,335 1,061 64,447 1,t07,787
r1r,d Bala�nes Dece�er� 3�
0 3,281,516 3,3N0,573 99,a5'T 3,281,516 3,342,909 61,393 5,679
ik�nssved 3,�69 3,544 75 0 0 0 7�.351 806,082 80,821 1,056,103
zbtal Fl� B�lamas neoa�er 31 3,469 S 3,544 75 3,�1,516 3,3uo�573 99,057 u�00b,TTf S 4,'148,991 1u2,2w 1,061,782
(s�_ rA e
Cit of Brookl n Center Minnes
y y o ta
DEBT SERVICE FUNDS
The Debt Service Funds were established to account for the payment
(from taxes and other resources) of interest and principal on long-
term, general obligation debt other than that payable from special
assessments and debt issued for and serviced primarily by the City.
The Debt Service Funds are maintained on the modified accrual basis of
accounting. Revenues are recognized in the accounting period in which
they become a vailable and measurable. Expenditures are recognized in
the accounting period in which the related liability is incurred.
The City's Debt Service funds included in this section are:
Park Bonds Debt Service Fund: This Fund was established to account
f or the accumulation of resources for payment of principal and
interest on general obligation bonds authorized by the electorate in
1957 to finance various park improvements.
Library Bonds Debt Service Fund: This Fund was established to account
for the accumulation of resources for payment of principal and
interest on general obligation bonds authorized by the electorate in
1964 to finance the construction of the City Library. The Library was
sold to Hennepin County during 1g69 and the proceeds of the sale are
used for making principal and interest payments. The taxes levied for
debt redemption have been cancelled.
General Obli�ation State Aid Street Bonds Debt Service: This Fund was
established to account for the accumulation of resources (which
include a combination of state aid allotments and special assessments)
for payment of principal and interest on bonds issued in 1970 to
finance a comprehensive improvement and upgrading of those arterial
streets which qualify as state aid routes.
1969 Buildin� and Improvement Debt Service Fund: This Fund was
established to account for the accumulation of resources for payment
of principal and interest on general obligation bonds authorized by
the electorate in 1968 to finance construction of the Civic Center,
Municipal Service Garage, East Fire Station, and the development of
existing parks.
Park Bonds of 1980 Debt Service Fund: This Fund was established to
account for the accumulation of resources for payment of principal and
interest on general obligation bonds authorized by the electorate in
1g80 to finance the improvement and eqipping of parks, parklands and
related public recreational facilities. These improvements include
neighborhood parks, Central Park, Palmer Nature Center, Shingle Greek
Trailway and the Arboretum.
Debt Service Funds(continued)
General Obligation Tax Increment Bonds of 1983 Fund: This Fund was
established to account f'or the accumulation of resources for payment
of principal and interest on general obligation bonds issued in 1983
to finance purchase of land and installation of utilities for housing
for the elderly.
General Obli�ation Tax Increment Bonds of 1985 Fund: This fund was
established to account for the accumulation of resources for payment
of principal and interest on general obligaiton bonds issued in 1985
to finance the purchase and redevelopment of the historic Earle Brown
Farm in Brooklyn Center.
i
City af S�+ooklyn 0� �1
Debt Sesviae F1zris
Ql"BII� BALAN(E 3�Ef
Deo�er 31, 19A5
With �arativ�e Tbta].s ftr Deoert�^ 31, 1984
Sta�e Aid Impe�oue�t PaY1c G.O. Ta�c Irr,re- G.O. T�x Irn�� Tbta]s
Park I.ibraYy Str�eet 8� Buildirg Barls mazt Brncis melt Ba��s
Ba�ds Ba'id.s &nr]s Brnds af 1960 of 1963 of 1985 1995 1984
A�
1�mporsry irn�arts 188,962 79,043 2,055 370,�1 166,695 3�1,32 509,617 1,517,745 872,09'T
7�x+as reoeivable:
Delinqua�t 19,� 19,416 39,298 34,860
Due fYcm other flrris 2,482 2, 0
1�!'AL AS� 188,962 79,043 2,0� 389,843 1�,111 203,83R1 509,617 1,�'9,465 906,951
LSAffi •L� AI�ID FZ1�D BAi1�
rn I3abilitiies
rn
Advatne oo�]lectim ad" ta�oss 0� 118,040
Lve to ��er flrris 0 0
Tt�tal Liabiliti� 0$ 0$ 0$ 0 0$ 0$ 0 0 118,0�
Elyd Ba]arne
A�eaved 2,055 389,843 186,111 2�3,834 509,617 1,291,460 9t7,616
Ltr+a9aved 188,9� '�9,043 ffi8,0� 241,�1
Tbtal b1z�d B�larnes 188,962 T9,W3 2,0� 389,843 1�,111 ZD3,83�1 509,617 1,9�9,� ?86,917
TQfAL I.IA�n•�� AuID bU�ID BAiANI'F� 188,9b2 79,W3 2,09� 389,843 186,111 �J3,834 509,617 1,}�9,�b5 9�b,957
(See mtes to firram;al g��,$)
aty of �ookl,yn �er c�
Debt Se F1rris
Q�gII�IDVG STA�iT CF I�UII�F�, fl�II�I1[l�, AAID QiAN� IIJ FtI�ID BALAN�
Year F7ried Daoa�er 31, 1995
With Q�aYativ�e lbkals fcr �e Year FY�ded Deo�i�er 31, 1984
State Aid 7mprw�nt Park G.O. Tax Irx� G.O. 12x Imr�e- ltyta]s
Parit L.ibrers► Stneet Buildirg Ba�ds ma�t Bcnds ma�t Bc�ris
Bands Bands B�ds B�ds of 1980 of 1963 c►f 1985 19e5 1984
F�ve�
Clarral pcope�ty ta�aes 1�19,570 144,317 88,065 361,g5z 38'L,615
Ir�te�est m in�esUmerts 18,962 7,933 1,9�W 40,�3 7,73� 14,�94 91,75D 74,569
Ir�ter�gowarma�t',al retirs� State
�ared ta�: I�asteed c�edit 41,03D 35,884 14,893 91,8or1 0
OhY�" 118,040 118,095 55
1bta1 I�usaaes 18,96�2 7,933 1,9�W ?�0,883 305,q15 117,90T 0 683,604 457,2,�
D�s�dit�s
Ptlmlpel 60�000 1$�000 60�000 2'��000
Irrt',s�ast Z6,07D 1 16,475 104,Q� 74,'100 250,66� '��49,565
F3so�1 age�t f�es 62 157 1�T 104 4� 567
Otl'�a'� 191 2,457 2,6�18 1Zl,if83
Tokal F�a�dit� 191 0 86,132 184,099 164,127 74,aD4 0 906,7�13 632,615
�caess cc Det'iclt( of l�ve»es
Ouer ES�enditues 18,771 7,933 84,186 46,794 141,848 43,703 0 174,861 175�376
Ot1'ier Fir�azr.irg Saroes cr i�ses(
�tin6 tre�Bflers in 86,U1D 5D9,617 995.68'T 89,445
Cpa^ating tr�ssf�s a�t 0 3,�95
1bta1 Otha^ Fir�encirg Saaties
ar' U�s( 0 0 86,O�T0 0 0 0 509,617 995,b87 85,95�
F�ess cr De,fYcit( of l�ra�aas and
Ott�er Saae� ouer F�dit� 18,TT1 7,933 1,882 46,'r94 141,848 �►3,703 509,617 TT0,548 -89,u26
FLrid Balar� Jarnary 1 170,191 71,110 173 343,049 44,a53 160,131 786,917 878,343
Ftnd �]��oes Deomi�er 31 186,962 T9,W3 2,0� 389,843 186,111 �3,834 509,617 1,�Ty9,465 '188,917
(See m�es to fineneial �tat�ts)
City of Brool�lyn Cent�r, Minnesota
CAPITAL PROJECTS FUNDS
The Capital Projects Funds were established to account for all
resources used for the acquisition of capital facilities by the City
except those financed by Special Assessmen�t and Enterprise Funds.
The Capital Frojects Funds are maintained on the modified accrual
basis of accounting. Revenues are recognized in the aecounting peri.od
in which they become available and meas�1rable. Expenditures are
recognized in the accounting period in whick� tkie re lated 1 iabi 1 ity is
incurred.
The City's Capital Projects Funds included in this section are:
Capital Projects Fund: This Fund was established �.n 1g68 to provide
funds, and �o account for the expenditure of such funds, for major
capital outlays (which shall include, but not be limited to,
construction or acquisition o� majoz� permanent f�cilities hav�ng a
relatively lang life); and/or to reduce debt incurred for capital
autlays. The sources of revenue for tl�e Fund include ad valorem
taxation, transfex�s from other Funds, issuance of bonds, fede�ral and
state grants, and i,nterest earnin�s.
Municipal State Aid for Cons�ruction Fund: This Fund was established
to account for the state a 1 1 otment of gaso 1 ine tax co 1 1 ections used
for transportation related construction projec�s,
1
1
1
i
City of Brooklyn C�nter p��
Capital Projects Funds
CONIBINING BALANCE SHEET
December 31, 1985
With Comparative Totals for December 31, 1984
Municipal
Capital State Aid Totals
Pro jects for
Fund Construction 19$5 1984
ASSETS
Temporary investments 2,951,435 3,129,472 6,080,907 6,533,152
Due from other funds 133,593 119,3�1 252,93� 269,�413
Interfund loan municipal liquor 296,648 296 ,648
Due from other governments ��1,451-919 M_ 1,451,919 88�4,685
��T w��T�����1l���l�
TOTAL ASSETS 3,381,676 4,700,732 8,082,408 7,687,250
�s_�==-
LIABILTTIES AND FUNA BALANCE
Liabilities
Accounts payable 1�,902 2,261 17,163 59,981
Contracts payable 30,879 116 30,995 433,784
Due to other funds 48,827 239,312 288,139 7,336
Total Liabilities 9�4,608 241,689 336,297 501,101
Fund Balances
Unexpended appropriations 662,366 84,259 578,107 250,987
r Balance restricted to State-
approved projects 2,320,522 2,320,522 2,100,092
Unreserved 2,62�,702 2,222,78� 4,847,�82 4,835,070
M�1r�� M��1��l��Il�� �II�^N�T�����
Total Fund Balanees �3,287,068 4,459,043 7,746,111 7,186,149
TOTAL LIABILITIES
AND FUND BALANCES 3,381,676 4,700,732 8,082,408 7,687,250
(See notes to financial s�atements)
-68-
i
City of Brooklyn Center D-2
Capi�al Projects Fund
COMBINING STATEMENT OF REVENUFS, EXPENDITURES l4ND CHANGES IN FUND BALANCE
Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 198�4
Municipal
Capital State Aid Totals
Projects for
Fund____ Const�ruction 1985____ 19$4
Revenues
��Intergovernmental:
State grants 873,�+01 873,�01 559,235
Interest on investments 360,096 349,511 709,607 513,5�+2
Other 5,878 9,305 15,183 76,058
Total Revenues 365,97�+ 1,232,217 1,598,191 1,1�+8,835
Expenditures
N Capital Outlays 268,691 118,126 386,817 923,713
Total Expenditures 268,691 11.8,126 386,817 923,713
Excess or Deficit(-) of Revenues
Over Expenditures T 97,283 1,114,091 1,211,374 225,122
Other Financing Sources or Uses(-)
Operating transfers in -N---- 0 2,017,�484
Operating transfers out -651,412 -651,�412 -132,205
Total Other Financing Sources
or Uses(-) 0 -651,�12 -651,412 1,885,279
Excess or Decifit(-) of Revenues
_N__..
and Other Sources Over Expenditures
and Other Uses 97,283 �462,679 559,9b2 2,110,�401
Fund Balance January 1 3,189,785 3,996,36�4 7,186,1�49 �+,475,7�8
Residual transfers in 0 600,000
Fund Balance December 31 3,287,068 4,�159,043 7,7�6,111 7,186,149
(See notes to financial statements)
_69_ r
a� �rr �r �r a� �r ,ir� �r wr w �rr a� r�
City of Brooklyn Center �3
Capital Pro�ects Fund
PRtWECf-LENGTfi SCHEDULE C�ISTRUCfION PROJECTS
From Beginning to December 31, 1985
Park Federal State Comm. Fund Total
Bonds Lawcon LQdR Develop. Balanee Other Authorization Expenditures
Central Park Lsndseaping 55,496 47,139 102,635 3 9T,066
Central Park/Carden City 1l�ail 8,500 42,500 34,000 85,000 85,551
Palmer Lake Basin 102,500 71,070 82,915 256,�485 �8,271
Park Bonding Costs 17�838 -159 17,679 17,679
Central Park III 185,806 85,000 270,806 252,356
Arborett� 169,000 492 169,492 169,492
Neighborhood Parks 730,560 125,004 48,091 72,038 975,693 956,359
Shingle Creek Trailway II 300 98,�150 78,760 16,190 193,700 167,111
Central Park II 75,000 95,628 �17,814 40,000 26,429 28$,871 284,871
TOTAL PARK BOND PROJECPS 1, 345,000 307,648 290,628 165,004 176�043 72�038 2�356�361 2�258�806
Unallocated Expenses 7,281 T,281 15,76i1
o Portable Stage Unit 60,514 60,51�1
East Fire Station Heating Syatem 13,670 13,670 13,313
Riverfront Acquisition Pro�ect 4,818 4,815 4,818
Fuel Dispensing System 71,731 71,731 75,051
Centrai Park Plaza 155 ,000 323,976 u78.976 521,878
Evergreen Park/Area Improv�ent 267,980 68,93t> 336,910 282,169
Brookwood Utilities u63,690 �►63,690 336,255
i�nicipal Carage Improvements 197,200 370,800 568,000 562,339
Golf Course 673,392 500,000 1,173,392 162,2t4
Civie Center Building Aceess 20,000 20,000 8,520
Civic Center Aecess 200,Q00 147,236 347,236 334,838
SideKalk (au^b (�ts 12 ppp
Solar Demonstration Pro3ect 50,000 12,000 10,086
Police Department Co�unications 50,000 49,181
,700 225,000 229,700 220�307
City Hall Elevator 65,000 65,000 52,674
Shingle Creek Trailway I 77,950 57,560 183,614 313,124 298,957
TOTAL PROJECTS 1,500,000 3T9,598 3�8,t88 312,004 2,184,919 1,8i►7,694 6,572,403 S 5,207,170 I
(See notes to financial statements)
City of Brooklyn Center S�
Municipal State Aid Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCfION PROJECTS
From Beginning to December 31, 1985
Appropriation Expenditures
Project
Street improvement �g
Channelizatian H�ghway ��152 and 65th Street 3,038 2,916
69th Avenue sidewalk 20,590 11,752
West Palmer Lake Trail improvement 6,215 6,215
Traffic control signa.ls 4,000 4,000
Humboldt sidewalk 3,992 3,992
Land purchase 97,47�
France Avenue 2,03�
Project 85-9 28
Pedestrian bridge Brookdale 182,005 175,636
Totals
-71�
i City of Brooklyn Center, Minnesota
SPECIAL ASSESSMENT FUNDS
The Special Assessment Funds were established to account for the
resources and expenditures required for the acquisition and construc-
tion of capital facilities or improvements financed wholly or in part
by special assessments levied against benefited properties, and to pay
principal and interest on the general obligation special assessment
bonds sold to finance these improvements. The method of financing
these projects distinguishes special assessment improvements from
those which benefit the entire City and which are financed by general
re venues or general obligation bonds.
The City's Special Assessment Funds are maintained on the modified
accrual basis of accounting. Revenues are recognized in the
accounting period in which they become a vailable and measurable.
Expenditures are recognized in the accounting period in which the
related liability is incurred.
There are twelve Special Assessment Funds included in this section.
The Fund names indicate the year that the bonds were issued to finance
the various improvement projects contained therein.
City of Brooklyn Center
Special Assessment Funds
COMBINTNG BALANCE SHEET
December 31, 1985
With Comparative Totals for December 31, 198�4
1959AB 1960AB 1961AB 1963A 1965A 1966A 1969A 1970
ASSETS
Temporary investments 484,29�+ 127,857 159,605 123,�b7 567,884
Accounts receivable
Special assessments receivable:
Deferred 1,032 2,882 �47 13,712 40,�60 29,60u
Delinquent 21 20 91 76 468 7�4 1,031 1�4,838
Due from other funds
Bond discounts
TOTAL ASSETS 1,053 2,902 138 48�4,370 128,325 174,110 164,958 612,326
F 1�D BALANCE
LIABILITIES AND U
Liabilities
Accounts payable
Accrued interest payable
Due to other ftiinds �9
Construction loans payable
Deferred revenue 1,032 2,882 �47 13,712 �40,�60 29,604
Bonds payable 30,000 50,000 80,000
Total Liabilities 1,081 2,882 �47 0 0 �3,712 100,�460 109,604
Fund Balance
Reserved:
Debt Service 20 91 484,370 128,325 �30,398 64,u98 502,722
Unexpended appropriations
Unreserved:
Undesigna.ted deficit(-) -28
Total Fund Balances -28 20 91 �+8�+,370 128,325 �30,398 6�,498 502,722
2 02 1 8 �84 370 128 325 174,110 164,958 612,326
TOTAL LIABILITIES AND FUND BALANCES 1,053 ,9 3
(See notes to financial statements)
-72-
E-1
I Totals
Construction
1973 1976 1982 Fund 1985 1 84
203�530 450�625 1,102, 3�3 a �25 3�563�823 3�083�470
1 53,940 1,303 55,243 93,53�
51,427 211,223 1,87$,168 322,877 2,551,432 2,857,57�►
4,884 3,76� 19,850 4,718 50,505 122,083
239,312 239,361 9,020
0 0
259,841 665,612 3,05�+,69�+ 912,035 6,460,364 6,165,681
3,017 5�,288 57,305 3,017
S6,266 56,266 41,387
192,698 192,747 161,487
653,297 653,297 3�+0,338
51,427 211,223 1,878,168 322,877 2,551,432 2,857,57�
370,00� 2,225,000 2,765,000 3,205,000
51,�I27 581,223 4,106,185 1,279,�26 6,276,0�►7 6,508,803
208��+�u 84,389 1,603,227 1,227,587
12,258 12,258 0
1,051,491 379,649 1,431,168 1,670,709
208,414 8�+,389 -1,051,U91 -367,391 18�,317 -443,122
259,841 665,612 3,054,69� 912,035 6,460,364 6,165,681
-73-
s
aty o� �iy�, �2
Specsal Assa�a�t Ftzds
O�BIl�IIII� STA'ID�FM' I�,11II�F5, F�II�IDTIUf� ADID Q�AtJ� IN FtPID BAIIIN(E
Yeat' Fr�ied Deoeo�er' 31, 1985
With Oomperative Tbka]s fcr t2'�e Year F}rled Deomd�er' 31, 1984
Da�ss of
Ott�er I�ves
Aevea� OtY�r Saizoe Dcpa�dit�r�s Ard Saroas 1985
Ous'
Irrtse�est an Ass�na� �ar�tlPrs Brnd Oastevetim �s Fkpa�dit�aes Flr�d �lane FLr�d Ba]arne
Flnd lbtal Iriueshoa'�ts 7maoe In Tt�tal Intaeat Arid Ot1� Out Md Uses Ja�cy 1 Dsoeober 31
19588 0 0 210 -210 210 0
1959AB 1,311 1,311 80 80 2,583 -1,352 1,3Z�t �B
1960AB 1,694 1,694 59b 596 2,982 1,88►1 1,904
1961AB 92 92 157 157 101 166 2�i7 91
1963A �18�575 48�575 56 �,Sd� 435,85D �84�370
1965A 19,072 13,�bt 5,611 663 �D �3 18,409 t09,916 128,325
i 1966A 30,151 17,T12 12.�139 2,521 2,4a 9b 27,63� 1Q2,768 13D.398
19b9y 31,243 13,851 17,392 5�412 5.200 212 �.831 b�►,�98
'p 197U 135,?59 62,366 72,893 13,701 13,62D 81 121,�8 361,164 5Q2,'T22
1973 52,8BT 16.535 3Ei,3S2 0 52 1�,527 �6,414
1976 116,OB( 99,46i9 �6,618 31,�69 �,7b 44 95,318 -70,929 84,399
1982 567,518 78,T37 �86,781 196,564 196,�,0 314 370,954 -1,4?2,4�5 1,051,491
Q�ti�ti.an 162,�413 2,006 160,4UT �4,�1 847,00D 41,682 805,338 -13D,096 -�"�T,3� 3Ei7,391
lbtals 1995 1��66�302 292 873�990 �4.551 1�087.538 �O,e"Ei2 807 5�876 bZT►�39 -443 184�317
Tbta].s 19� 1�376 415 961,355 42,760 688.090 45T�317 23D 1,881,612 -1,150��2 707.370 �13
(SeE LIOk.B3 tA fim�,+ia1 gtg�,g)
City of Brooklyn Center S-5
Special Assessment Funds
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1985
1
Overexpended(-)
Project Unexpended
Type of Project Number Appropriations Expenditures Appropriations
Sanitar sewer 8�+-5 92,�17
Y
Water main 84-8 880 -880
Water main 82-6 36,312 33,6�0 2,672
Street 82-7 36,140 39,916 -3,776
Sanitary sewer 82-10 10,889 15,280 -�,391
Water Main 82-11 10,494 14,004 -3,510
Water Main 85-4 56,402 53:969 2,�33
Street 85-5 271,602 266,320 5,282
Street 85-9 290,520 288,665 1,855
Street 85-12 76,397 68,339 8,058 1
Street 85-14 37,615 38,344 -729
906,53 $======12,258
(See notes to finaneial statements)
-75-
City of Brooklyn Center, Minnesota
ENTERPRISE FUNDS
The Enterprise Funds were established to account for the financing of
self-supporting activities of the City which render services on a user
charge basis to the general public.
I Revenues and expenses in these Funds are recognized on the accrual
basis of accountin Revenues are reco nized in the accountin eriod
g g g A
in which they are earned and become objectiveiy measurable. Expenses
are recognized in the period incurred, if objectively measurable.
The City's Enterprise Funds included in this section are:
Munici�al Liquor Fund: This Fund was established to account for the
operations of the City's three municipal off-sale liquor stores.
Public Utilities Fund: This Fund was established to account for the
operations of the City owned water and sanitary sewer systems.
i
I
City of Brooklyn Center
Enterprise Funds
COMBINING BALANCE SHEET
December 31, 1985
With Comparative Totals For December 31, 1984
Municipal Public Totals
Liquor Utilities
Fund Fund 1985 198�4
ASSETS
Current Assets
Cash on hand �,300 �,300 3,900
Temporary investments 89,�89 3,528,752 3,618,241 2,908,389
Accounts receivable 3,632 102,382 106,014 109,293
Less: Allowance for
estimated uncollectible -3,057 -3,057 -1,462
Assessments receivable 2,617 2,617 5,304
Due from other flznds 0 25,702
Due from other governments 181,076 181,076 59,363
Inventoriies:
Materials and supplies 12,889 12, 10,164
Merchandise for resale 241,470 241,470 236,381
Prepaid expenses:
M.W.C.C. charges 68,392 68,392 71,776
Rent 0 3,930
Insurance 4 000 �4,000 12,741
Maintenance 3,280 �130 3,710 3,622
Accrued water and sewer
revenue 193,807 193,807 195,595
Total Current Assets 343,11 4,090,345 �,�33,459 3,6��,698
Restricted Assets
Temporary investments 4,000,000 4,000,000 �#,000,000
Due from other governments 197,220 197,220 208,085
Debt retirement investments 133,�90 133,�90 135,245
Construction funds invested 38,654 38,65u 34,775
Assess. recv. deferred 110,759 110,759 104,734 t
Total Restricted Assets 0 4,480,123 �+,�80,123 4,482,839
Fixed Assets
Mains and lines 11,926,528 11,926,528 11,771,858
Structures 214,022 3 3,297,863 2,793,115
Equipment 140,25� 352,119 �92,373 489,775
Land 100,878 24,816 125,694 2�4,898
Land improvements 5,898 5,898 5,
Leasehold improvements 39,314 39,31� 56,197
500,366 15,387,304 15,887,670 15,141,659
Less: Allowance for
depreciation 151,585 3,9��+,425 4,096,010 3,800,4�8
Total Fixed Assets 348,781 11,442,879 11,791,660 11,341,211
TOTALS 691,895 20,013,3�7 20,705,242 19,�+68,748
F-1
Municipal Public Totals
Liquor Utilities
Fund Fund 1985 1984
LIABILITSES__CONTRIBUTIONS
AND RETAINED EARNINGS
t Current Liabilities Y
p Accounts payable 81,407 138,555 219,962 113,351
Contracts payable 10,624 31,357 41,981 4,344
Due to other flands 91 144 57�+ 1�+4 665 166 919
Due to other governments 5,792 5,792
Accrued Liabilities 36,628 5,772 42,400 11,232
Accrued vacation and 0 0
sick pay 9,70� 9,70� 19,�►08 24,678
Current portion long- 0 0
term debt 64�4 45 000 55 6�44 �45 000
Total G�zrrent Liabilities 149,098 380,754 529,852 365,524
Long-Term Liabilities
Construction loan 296,648 296,648
Revenue bonds 315,000 315,000 360,000
Less: Current portion 10,644 45,000 55,644 45,000
Total Long Liabilities 286,00�4 _____270 556,00�4 _315,000
Fund Equity
Contributions 10,513,674 10,513,674 10,275,�91
Retained earnings:
Reserved:
Metro Waste Control
Co�nission 197,220 197,220 208,085
Debt retirement 133,�90 133,490 135,245
Construetion flznds 38,65� 38,65� 3�+,775
Working capital 620,000 620,000 620,000
Restricted assessments 110,759 110,759 104,73�
Plant expansion 4,000,000 4,000,000 4,000,000
Unreserved 256,793 3,748,796 4,005,589 3,409,89�
Total �ietained Earnin�s 256,793 8,8�+8,919 9,105,712 8,512,733
Total Fund Equity 256,793 19,362,593 19,619,386 18,788,224
TOTALS 691,895 20,013,3�7 20,705,242 19,468,7U8
(See notes to financial statements)
City of Brooklyn Center g_2
Enterprise Funds
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGFS IN RETAINED EARNINGS
For the Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31_ 1984
Municipal Public Totals
Liquor Utilities
Fund Fund 1985 1984
Operating_Revenues
Gross margin on
product sales 546,643 546,643 505,388
Charges for services 1,625,525 1,625,525 1,569,836
Total Operating Revenues 546,6�43 1,625,525 2,172,168 2,075,224
Operating Expenses
Personal services 2�0,405 242,134 482,539 466,872
Contractual services 98,047 1,167,695 1,265,742 1,231,714
Supplies and materials 8,927 23,957 32,884 82,400
Heat, light, power 23,291 115,859 139,150 1�47,7�48
Depreciation 12,162 300,285 312,447 252,522
Other 32,577 32,577 12,691
Total Operating Expenses 415,409 1,849,930 2,265,339 2,193,9�+7
Operating Ineome 131,23� -224,�+05 -93,171 w -118,723
Nonoperating Revenues or Expenses(-)
Interest earned 796,90�1 796,90� 733,869
Other revenue or expense(-) 4,52�4 12,809 17,333 93,1�6
Interest and fiscal
agent fees -10,433 -14,15� -24,587 -15,713
Nonoperating Totals -5,909 795,559 789,650 811,302
Income Before Operating
Transfers 125,325 571,154 696,479 692,579
Operating Transfers
In or Out(-) -103,500 -103,500 -90,119
Net Income 21,825 571,154 592,979 602,460
Retained Earnings January 1 23�, 8,277,765 8,512,733 7,910,273
Retained Earnings December 31$ 256,793 8,8�8,919 9,105,712 8,512,733
(See notes to financial statements)
-7s-
City of Brooklyn Center F-3
Enterprise Funds
COMBINING STATENIENT OF CHANGES IN FINANCIAL POSITION (Continued next page)
For the Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 1984
Municipal Public Totals_______
Liquor Utilities
Fund Fund 1985 198�
Sources of Financial Resources
Operations:
Net income for year 21,825 571,15� 592,979 602,�60
Add: Items not requiring
current outlay
depreciation 12,162 300,285 312,447 252,522
Total Resources Provided
By Operations 33,987 871,439 905,426 85b,982
Contributions toward
construction 238,183 238,183 50,200
Increase in long-term debt 286,004 286,004
Decrease in restricted assets 2,716 2,716 98,770
Total Sources 319,991 1,112,338 1,432,329 1,003,952
Uses of Financial Resources
Purchase of properties 314,760 4�5,396 760,156 386,466
Debt retirement on bonds 45,000 45,000 40,000
Abandoned property 2,740 2,7�40 0
Total Uses 317,500 �90,396 807,896 426,466
i
Net Increase or Decrease(-) in
Working Capital 2,�191 621,942 624,433 577,�86
-79-
City of Brooklyn Center F-3
Enterprise Funds
CONIBINING STATEMENT OF CHANGES IN FINANCIAL POSITION (Continued from
For the Year Ended December 31, 1985 prior page)
With Comparative Totals for the Yea.r Ended December 31, 198�4
Municipal Public Totals
Liquor Utilities
Fund Fund 1985 198�4
Elements of Increase or Decrease(
in Working Ca.pital
Temporary investments 50,907 659,3�+5 710,252 3�9,2�7
Accounts receivable -13,264 8,390 -4,874 6,812
Assessments receivable -2,687 -2,687 -1,125
Due from other funds -25,702 -25,702 25,331
Due from other governments 121,713 121,713 46,226
Inventories 5,089 2,725 7,81� -20,370
Prepaid expense -12,583 -3,384 -15,967 10,386
Accrued revenue -1,788 -1,788 8,442
Accounts payable 23,526 130,137 106,611 36,137
Contracts payable 10,624 27,013 37,637 62,906
Due to other funds 2,�452 19,802 22,254 32,941
Due to other governments -5,792 -5,792 0
Current portion of long-term
debt -10,644 -10,6�+4 -5,000
Accrued liabilities -32,368 6,�+70 -25,898 25,553
Net Increase or Decrease(-)
IN WORKING CAPITAL 2,�491 621,942 62�,�33 577,�86
(See notes to financial statements)
-so-
City of Brooklyn Center F-4
Municipal Liquor Fund
STATENIENT OF OPERATIONS
Yea.r Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 1984
Year Ended December 31,
----------198�----
Sales
Liquor 762,226 765,639
Beer 1,152,826 1,201,8�41
Wine 383,�+70 322,�+1�
Soft drinks �12,929 �+1 ,312
Other merchandise 47,062 14,269
Total Sales (Net of Sales Taxes) N 2,388_513 M_ 2,345,475
Less: Cost of Sales
Beginning inventory 236,381 252,510
Purchases (Net of discounts) N_ 1,$�+6,959 w_ 1,823,958
Merchandise available for sale 2,083,3�0 2,076,468
Less: Ending inventory 241,�470 236,381
Cost of Sales 1,841,870 1,840,087
Gross Mar�in 546,643 505,388
Operating Expenses �415,�09 401,571
Operating Income 131,234 103,817
(See notes to financial statements)
-81-
City of Brooklyn Center F_5
Municipal Liquor Fund
STATEMENT OF OPERATING EXPENSES
Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 1984 r
Year Ended December 31,
1985 1984
Operating Expenses
N Personal services:
Salaries and wages 205,855 210,043
Payroll Taxes 14,327 15,885
Employees Benefits 20,223 10,935
240,405 236,863
Contractual Services:
Professional Services 3,220 2,�31
Insurannce 2,120 4,576
Maintenance and repairs 5,72g 417
Rent and administration 82, 97,069
Equipment rental
Miseellaneous 4,025 �,272
98,Ob7 108,765
Supplies:
General Supplies 8,927 10,528
Heat, light and power 23,291 22,362
Depreciation 12,162 M 10,362
Other 32,577 N---- 12,691
Total Operating Expenses 415,409 401,571
(See notes to finaneial statements)
-s2-
City of Brooklyn Center
Public Utilities Fund
Balance Sheet
December 31, 1985
With Comparative Totals for December 31, 198�1
Totals
Water Sewer
Aecounts Accounts 1985 198�+
ASSETS
Current Assets
Temporary investments 1,005,470 2,523,282 3,528,752 2,869,407
Accounts receivable 34,127 68,255 102,382 93,992
Assessments receivable 2,617 2,617 5,304
Due from other funds 0 25,702
Due from other �overnments 181,076 181,076 59,363
Inventories materials
and supplies 12,889 12,88g 10,164
Prepaid expenses 68,822 68,822 72,206
Accrued revenue 51,618 142,189 193,807 195,595
Total Current Assets ___1,106,721 Nr 2_983,62�t �+,090_3�+5 ___3,331,733
Restricted Assets
Temporary investments 3,700,000 300,000 �,000,000 4,000,000
Due from M.W.C.C. 197,220 197,220 208,085
Debt retirement investments 133,�190 133,�90 135,2�45
Construction funds invested 38,65� 38,654 3�,775
Assessments receivable
deferred 110,759 110,759 104,73�4
Total Restricted Assets 3,982,903 497,220 4,480,123 4,482,839
Fixed Assets
Mains and lines 7,028,471 4,898,057 11,926,528 11,771,858
Structures 2,054,109 1,029,732 3,083,841 2 793 115
Equipment 176,060 176,059 352,119 352,119
Land 2� ,816 24,816 24,816
Construction in progress 0 0
9,283,456 M 6,103,848 N 15,387,304 M 14,9�I1,908
Less: Allowance for
Depreciation 2,095,511 1,848,914 3,944,�125 3,644,140
Total Fixed Assets 7,187,9�5 4,25�,934 11,442,879 11,297,768
TOTALS 12,277,569 7,735,778 20,013,347 19,112,340
(See notes to finaneial statements) 1
-83-
F-6
Totals
Water Sewer
Accounts Accounts 1985 1984
LIABILITIES, CONTRIBUTIONS AND
RETAINED EARNINGS
Current Liabilities
Accounts payable 138,555 138,555 8,418
Contracts payable 31,357 31,357 �,344
Due to other flinds 72,287 72,287 1�4�,57�+ 164,376
Due to other governments 5,792 5,792
Accrued liabilities 15,476 15,476 21,946
Current portion of
long-term debt 45,000 45,000 45,000
Tota1 G�zrrent Liabilities 308,#67 72,287 380,75�+ 24U,084
Long-Term Liabilities
Revenue Bonds 315,000 315,000 360,000
Less: Current Portion �45,000 45,000 �15,000
Total Long-Term Liabilities 270,000 0 270,000 315,000
Fund Equity
Contributions 4,954,849 5,558,825 10,513,674 10,275,491
Retained Earnings:
Reserved:
Metro Waste Control assets 197,220 197,220 208,085
Debt Retirement 133,490 133,�90 135,245
Construction funds 38,65� 38,65� 34,775
Working Capital 170,000 450,000 620,000 620,000
Appropriations and
assessments 110,759 110,759 104,734
Plant expansion 3,700,000 300,000 4,000,000 �,000,000
Unreserved 2,591,350 1,157,��6 3,7�+8,796 3,174,926
Total Retained Earnings 6,744,253 2,10�1,666 8,8�8,919 8,277,765
Total Fund Equity 11,699,102 7,663,491 19,362,593 18,553,256
TOTALS 12,277,569 7,735,778 20,013,3�7 19,112,3�0
i -84-
i�
City of Brookln Center F_7
Publie Utilities Fund
STATENSENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 1984
Totals
WaterSewer
Accounts Accounts 1985 1984
Operating Revenue
Service to consumers 448,002 1,070,678 1,518,680 1,522,729
Service hook charges 43,164 2,689 45,853 38,911
Sale of ineters (net) 1,071 1,071 488
Penalties 5�1,580 5,3�1 59,921 7,708
Federal grants 0 0
Total Operating Revenue 546,817 1,078,708 1,625,525 1,569,836
Operating Expenses 673,047 ���76 $$3 849 930 2
,79 ,37
Operating Income or Loss(-) -126,230 -98,175 -224,405 -222,540
Nonoperating Revenues or Expenses(-)
Interest Earned:
Investments �485,462 280,724 766,186 725,432
Special Assessments 16,792 16 ,792 1�4,008
Metro Waste Control
Commission 10,0�47 10,047 7,096
Construction Funds 3,879 3,879 7,044
Other 6,�05 6,�404 12,809 73,439
Interest and fiscal fees 14,15� 14,154 15,713
Total Nonoperating 498,384 297,175 795,559 811,306
Net Income 372,154 199,000 571,154 588,766
Retained Earnings January 1 6,4�+8,282 1,829,483 8,277,765 7,688,999
Retained Earnings December 31 6,820,436 2,028,483 8,848,919 8,277,765
(See notes to financial statments)
-85-
w r a�r �r rr �r �r r �w w� w
City of Brooklyn Center F-$
Public Utilities Fund
WATER OPERATING EXPENSE
For the Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 1984
Classification by Funetion
Year Ended December 31,
Source of Admin- Customer
Supply Transmission istration Accounting 1985 1984
Personal Services:
Salaries and wages 26,624 48,306 37,040 23,870 135,840 ?32,780
Payroll taxes 10,73� 10,734 9,293
Employee benefits 8,973 8,973 9,873
26,62� 48,306 56,747 23,870 155,5�+7 151,946
Contractual Services:
ProPessional Services 3,6�8 298 1,208 5,15� 8,840
�o Postage 10,�483 10,483 9,�469
Insurance 3,�+5� 3,�+54 3,69�
Repairs and maintenance 48,367 36,077 1,915 86,359 30,808
Rent and administration 82,018 82,018 71,802
Equipment rental 12,241 6,720 18 ,961 16,614
52,015 36,375 100,836 17,203 N 206,429
Supplies and materials 1,705 6,093 5,880 2,930 16,608 56,57$
Heat, Light and Power: M
Electricity 94,154 1,028 95,182 103,3�+8
Gas 5,192 5,192 6,672
99,3�b 1,028 0 0 100,374 110,020
Depreciation 123,80�+ 70,285 19�,089 136,314
Totals 303,�9�+ 162,087 163,�+63 44,003 673,047 596,085
(See notes to financial statements)
City of Brooklyn Center F-9
Public Utilities Fund
SEWER OPERATING EXPENSE
For the Year Ended December 31, 1985
With Comparative Totals for the Year Ended December 31, 1984
Classification by Funetion
Year Ended December 31,
Disposal and Admin- Customer
Pumping Transmission istration Aceounting 1985 1984
Personal Services:
Salaries and wages 30,787 26,822 9,473 67,082 57,886
Payroll taxes 10,73� 10,73� 11,688
Employee benefits 8,771 8,771 8,b89
30 787 26 822 28 978 0 86 587 78 063
Contractual Services:
Professional Services 2,11�t 1,208 3,322 11,630
Postage 2,398 2,398 2,704
o, Insurance 3,45� 3,�5� 3,694
Repairs and maintenance 22,437 910 1,498 24,845 9,542
Rent and administration 79,362 7g,362 71,802
Equipment rental 12,241 6,720 18 ,961 16,111
Metro Waste Control
Coc�aission 806,390 806,390 8�5,�66
City of Brooklyn Park 22,534 22,53�► 20,773
851,361 3,024 97,763 9,118 961,266 981,722
Supplies and tnaterials 818 567 5,964 7,349 15,294
Heat, Light and Power:
Electricity i�t,855 14,855 14,655
Gas 630 630 711
15,485 0 0 0 15,485 N 15,366
Depreciation 5�,352 51,84� M 106,196 M 105,8�+6
Totals 952,803 82,257 132,705 9,118 1,176,883 1,196,291
(See notes to financial statements)
r r�s ar �e r� r■� �e �r r�e r� �e r�
r
City of Brooklyn Center, Minnesota
AGENCY FUND
The Agency Fund was established to account for assets held by the City
as an agent for o�her City Funds, governments, or individuals.
i The Ageney Fund is maintained on the modified accrual basis of
accounting.
�'he City's Agency Fund included in this section is:
Fire Department Relief Association �eMCy Fund: This fund was
established to account for the collection of prpperty taxes by tk�e
City for the Brooklyn Center Volunteer Fire Depar�ment Relief
Association to be used for fire fighters' pensions.
1
1
1
1
City of Brooklyn Center G-1
Fire Department Reiief Association Agency Fund
STATEMENT OF CHAN(�S IN ASSETS AND LIABILITIES
For the Year Ended December 31, 1985
Balance Balance
December 31, Dec�nber 31,
1984 Additions Deduc�ions 1985
Assets
Inves�ments 10,59b 7,872 18,468
Taxes receivable 1,358 5,839 7,197
Total Assets N._--- 11,954 ,M.^ 13,711 25 6�5
W r ���T�������� �T S
Liabilities
Princfpal's balance 11,954 13,711 25,665
Total Liabilities q 25,665
(See notes to financial s�atements)
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1 _88_
City of Brooklyn Cen�er, Minnesota
GENERAL FIXED ASSET ACCOUNT GROUP
The General Fixed Asset Account Group was established to account for
the City's fixed assets which are not accounted far in an en�terprise
fund, and which are tangible in nature, have a life longer than �he
current fiscal year, and have a significant value. Depreciation is
no� recorded on those assets.
r
City of �rooklyn Center H-1
SCI�DULE OF CHANGFS IN GENERAL FIXED ASSETS AND SOURCES
For the Year Ended December 31, 1985
Balance Balance
January 1, December 31,
1985 Acquisitions Disposals 1985
Investments in General Fixed
Assets (At cost)
Land and improvements 1,116,223 59,788 1,176,011
Buildings and improvements
(includes buildings) 4,531,783 226,817 �+,758,600
Park properties
(includes buildings) 3,682,297 150,535 3,832,832
Furniture 387,683 349 388,032
Departmental equipment 2,826,844 320,623 3,1�47,u67
Storm sewers and street
pro�ects 12,7�+8,817 618,326 13,367,143
Total Investments in General
Fixed Assets 25,293 647 1,376,438 0$ 26,670,085
Sources of Investments
General Indebtedness 600,491 600,�91
General Fund revenues (includes
ad valorem taxes) 4,176,631 495,527 4,672,158
Liquor store income 30�4,571 304,571
Contributions 327,398 327,398
Special assessments 12,567,353 618,326 13,185,679
Capital projects flznds:
G.O. bonds 3,129,79$ 3,129,798
Tax levies 265,243 265,2�3
Sale of assets 156,65u 156,654
Debt Service Funds excess 198,386 198,386
Capital Projects Fund
Balance 2,125,331 262,585 2,387,916
Federal grants 1,120,182 1,120,182
State grants 321,609 321,609
Tota1 Sources of Investments 25,293,647 1,376,438 0$ 26,670,085
(See notes to financial statements)
-89-
City of Brooklyn Center H-2
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 1985
Streets
and Storm
Function Total Land Buildings Equipment Sewers
General
government 18,078,653 1,176,011 3,535,499 13,367,143
General
government
buildings 4,758,600 4,758,600
Parks (includes
buildings) 3,832,832 3,832,832
Totals 26,670,085 5,008,843 �,758,600 3,535,499 13,367,143
(See notes to financial statements)
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-90-
City of Brooklyn Center ��3
SC�iEDULE OF (�iANGES IN GENERAL FIXED ASSETS BY FUNCfTON AND ACTIVITY
Year Ended December 31, 1985
Balance Balance
JanuarY December 31,
1985 Acquisitions Disposals 1985
General government 17,079,567 999,086 18,078,653
General government buildings 4,531,783 226,817 4,758,600
Parks (i.ncluding buildings) 3,682,297 150,535
3,832,83�
Totals 25,293,647 1,376,438 0$ 26,b70,Q85
(See notes to finaneial statements)
i
-91-
City of Brooklyn Center, P�Iinnesota
I GENERAL LONG-TERM DEBT ACCOUNT GROUP
The General Long-Term Debt Account Group was established to account
for the City's unmatured general obligation long-term debt that is
secured by the full faith and credit of the City and is not the
primary obligation of a Special Assessment Fund or an Enterprise Fund
of the C i ty.
City of Brooklyn Center I
COMPARATIVE SCHEDULE OF GENERAL LONG-TERM DEBT
December 31, 1985
With Comparative Totals for December 31, 1984
December 31,
-------i
Amounts Available and to be Provided M
N Amounts available in Debt Service Funds 1,559,�65 788,917
Amounts to be provided:
From fl.iture tax levies 6,883,656 2,63�+,237
From future �as tax allocations 360,000 420,000
Total Available and to be Provided 8,303,121 3,8�+3
General Long Debt Payable
General Obligation Bonds 8,110,000 3,055,000
State Aid Street Bonds 360,000 �420,000
Assessments on City property 55,243 93,534
Siek and vacation aceruals 277,878 274,620
Total General Long-Term Debt $�8,803,121 N 3,843,154
(See notes to financial statements)
-92-
I
City of Brooklyn Center, Minnesota
SUPPLEMENTAL INFORMATION
The supplemental schedules present financial and other essential
information that has City-wide application or supports other financa.al
statement�. These sehedules are not necessarily a required part of
the report�s financial section but are incl.uded as additional
information for analytical review.
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I
City of Brooklyn Center s..�
SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS FOR TAX INCRENIENT FINANCING
DISTRIGT N0. 2100, BRUTGER HOUSING DEVELOPN�NT
Inception to December 31, 1985
Accounted Actual Over
Original for in or Under(-)
Budget Prior Years 1985 Budget
Sourees of Funds
Bond proceeds 913,700 913,700 p
Tax increments 1,575,700 15,878 103,013 1,456,809
Interest on invested fl�nds 14,894 14,894
Real estate sales 39,�29 39,429 0
Total Sourees of Funds 2,528,829 969,007 117,907 1,4�1,915
Uses of Funds
I Land acquisition 377,889 363,�+59 14,430
Installation of public
utilities and improvements 316,600 336,255 19,655
Bond payments:
Principal 930,000 -930,000
Interest 661,888 55,575 74,100 532,213
Loan pa.yments
Interest 43,000 41,150 -1,850
Administrative costs 75,640 58,695 104 -16,8�1
1
Total Uses of Funds 2,405,017 855,13� 7�,204 -1,475,679
Distriet Balance or
Deficiency(-) 123,812 113,873 43,703 33,764
-93-
City of Brook-lyn Center �_7
SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS FOR TAX INCRENJENT FINANCING
DISTRICT N0. 2401, EARI,,E BROWN FARM REDEVELOPMENT
Inception to December 31, 1985
Accounted Aetual Over
Original for in or Under(-)
Budget Prior Years 1985 Bud�et
Sources_of Funds
Bond proceeds 5,167,364 5,167,36�+ 0
Tax increments 12,53u,744 12 53� 74�
Interest on invested flZnds 760,267 �760,267
Real estate sales 650,000 -650,000
Community Development
Block Grant 680,OOQ -680,000
Assessments/MSA 1,300,000 -1,300,000
Total Sources of Funds _21,092,375 M 5 N 15,925 011
Uses of Funds
r Land building acquisition 2,920,000 2,189,�15 730,585 I
Redevelopment 2,000,000 9,750 -1,990,250
Maintenance fund 500,000 2,960 -497,040
Installation of public
utilities and improvements 1,300,000 -1,300,000
Area wide streetscape
improvements 500,000 �00,000
Bond payments:
Principal 5,250,000 5,250,000
Interest 5,561,965 -5,561,965
Administrative costs 309,000 14,819 16�,318 -129,863
Contingencies 501,900 501,900
Tota1 Uses of Funds M 18_842,865 N--- 1�,819 2_366 w 16,461,603
District Balance or
Deficiency(-) 2,249,510 -14,819 2,800,921 536,592
-94-
City of Brooklyn Center, Minnesota
STATISTICAL SECTION
The statistical section presents comparative statistical data for the
past ten years, and other pertinent information involving taxes,
re venues, expenditures, bonded debt, property valuations, insurance
coverages and miscellaneous statistics.
This information is intended to be useful and of interest to investors
in City bonds, financial institutions, and others interested in
municipal government financial statistics.
With the exception of Table 9(Computation of Direct and Overlapping
Debt) and information concerning school districts in the f�Iiscellaneous
Statistical Facts section, all statistical information sources were
internal City records. The source of Table 9 information was the
Hennepin County Department of Finance. The sources of school district
information were the various school districts.
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r r r
City oP Brooklyn Center Tpg�
GENERAL (30VERNMENTAL E}�ENDITURFS BY FUNCfION
Last Ten Fiscal Years
Community
General Publie Safety Publie Health Parks and Debt Pension
Fiscal Year Government and WelPare Works Services Reereation Service Exp�se
19T6 722,116 849,672 692,545 62,014 633,935 411,730 190,890
19TT 764,g21 g61,851 761,542 50,973 639,3t5 388,130 258,837
1978 868,776 �,�5�,480 733,6i5 66,�23 795,��6 380,�80
1g79 688,539 1,521,159 892,470 48,576 860,283 356,g05 (1)
t980 839,907 1,442,619 7,103,166 37,336 917,22� 332,139 (7)
�981 910,131 1,588,149 1,1T6,�447 39,385 1,162,878 412,154 (1)
i
1982 1,007,781 1,901,839 1,213,941 36,244 1,122,299 419,497 (1)
1983 1,05�1,064 1,875,122 1,288,081 28,663 1,268,907 �150,620 (1)
7984 7,112,173 1,985,108 1,383,039 30,43T 1,319,298 632,615 (1)
1985 1,283,� 2,143,843 1,560,842 3�+,326 1,389,075 508,743 (1)
(1) Pension is allocated to other flmetional e�enditures shown on this schedule
Funds included in this table are the General Fund and Debt Service Funds.
City oP Brooklyn Center TABLE 2
�VENUE OTI�R THAN SPECIAL ASSESSN�NTS
Last Ten Fiscal Years
I Net Income Before
Charges for Transfers Out
General Glirrent
Property Intergovern- Services and Licenses Fines and Publie Liquor
Fiscal Year Taxes mental Other Revenue and Permits Forfeitures Utilities Stores
tq76 1,725,854 1,432,7�5 486,371 102,399 �8,475 103,848 147,143
1977 1,880,700 1,557,843 472,410 131,107 54,�20 187,560 121,536
1978 1,883,745 1,604,452 494,TT2 179,062 68,281 351,732 134,8lt1
1979 2,272,323 1,887,093 714,894 186,464 82,466 546,930 161,994
1980 2,416,973 2,731,611 1,127,085 195,931 111,382 937,798 142,456
1981 2,034,252 3,T24,683 1,579,396 207,100 111,596 877,668 155,519
1982 2,303,404 3,114,290 1,684,481 249,015 146,204 6??,762 102,172
1983 2,�1u,816 3,563,608 2,098,987 328,019 154,812 477,690 104,75�
1984 2,851,51? 3,568,975 2,109,7u4 296,667 158,823 578,885 113,694
1985 2,880,511 4,529,090 2,669,3u4 443,789 187,045 571,154 125,325
I
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City oP Brooklyn Center TABLE 3
TAX LEVIES AND TAX COLLECTIONS
Last Ten Fiscal Years
Ratio of
Collections Percentage Collections Aecumulated
of Current Levy of Prior Ratio of Delinquent
Year's Taxes Collected Year's Taxes Total Accumulated Taxes to
Year During Fiscal Ducing Fiseal Durfng Fiseal Total Collections Delinquent Current Year
Colleeted Tax Levy Period Period Period Collections of Tax Levy Taxes Tax Levy
1976 1,715,170 1,521,690 88.72 56,229 1,577,919 •9200:1 281,903 .16436:1
1977 1,880,700 1,694,382 90.09 198,250 1,892,632 1..0063:1 269,971 .14355:1
1978 2,060,012 1,995,621 96.87 1b3,701 2,159,322 1.0482:1 170,662 .08285:1
1979 2,316,550 2,277,597 98•32 58,083 2,335,680 1.0083:1 146,042 .06304:1
1980 2,350,734 2,306,803 98•13 62,371 2,369,17u 1.0078:1 135,953 .05783:1
1981 2,746,020 2,619,758 95.�0 27,183 2,646,g41 .9639:1 235,032 .08559:1
I 1982 2,965,702 2,854,688 96.26 45,419 2,900,107 .9TT9:1 300,627 .10137:1 I
1983 2,482,369 2,420,T72 97.52 75,437 2,496,209 1.0056:1 286,787 .11553:1
1984 2,836,968 2,721,413 95.93 111,596 2,833,009 .9986:1 290,746 .10248:1
1985 2,931,266 2,657,094 90.65 178,709 2,835,803 .9674:1 386,209 .13176:1
1
aty of a�yn a� �a.E
n�.� vnczE nr� r�r va1.zE nv.. ��r
Last 1l�► Ffsoal Yeers
1977 19T8 1979 1980 1961 198� 1963 1964 1995 1966
P�Pilatirn (A�,al) 36 3�I 33r7�D 3z,99D 31,230 30,990 3D,83D 3D�83D 30��D 3D�63D
Aeal Praperty
As�sed vaL�e:
aty:
Fi�o�stead 69�130,468 67�641,018 72r0�5,015 7t)�506�9T3 82,133�535 7��268,43D 75r252�0?2 T8�112,774 81,OrT2�128 90�912,548
E�aoe.ss ar�d n-r�tead 50 53,�1b,29D 54,893,2'Z( 63r6�,3�3 BD,GG26,961 104,715,944 122,369,O�f 124,3D5.853 12G,444,994 1�,109.658
Area.wide a]location (r�t) �01,?�6 —1,190 1,l164,19'L —1,832,t9b —1 �.351,630 —1,431,�3 3,366r�6 �2,1�,213 -2,�97r533
119riB6,173 120,427� 12''i�504,050 132,280,OB0 161,079,bb9 176,626�7�14 196r183,916 199 �5,362,909 213,9��673
L�ess Tmc 7rrt�a� DLgtrict 0 0 0 0 0 0 0 'TB 742,474 4,057,611
Takal assessed va]»e 119,��1T3 'i2D,42'T,225 1� 132,2�0,080 161,W'9,6b9 176,626,'T�W 196,183,9'� 198.974�171 2�4,640,�1� a19,867,OG2
F�ti�ted N�riaet Va1ne 3z9,�3,243 361,92h,995 396,811,532 451,519 604,63f,366 657,T01,757 7z5, T15,1G2,40f) 788,10rfr800 813�377,800
PesQ�l Prapa^ty
A�essed val�ae 3,034,703 3,531,911 4,�9,3gT 3,816,766 4,o27,036 4,113,767 3,9T3,587 4,'W8,726 �,275,?21 4,291,9�
Fsti�ted me�iaet valne 7.099,996 8,?21,700 10.2Qf�9oD 6,876.�D 9,365,�J0 9,566,900 9�Z40,000 9,b48�3�0 9,9�W,70o 9,981,2Do
Tt*al 1�xahle Prnpety
A.gsessed valiae 1?2,32�,876 123,9�5►136 729,893��+7 �36,096,846 �'Ib5,106,705 180,740�5t1 2D0,'I57,503 2D3,122,897 206.916,fi56 214,158,gR8
Fst�i�ted �iaet v'alne 336,5Zi,729 390,154,� 407,019,432 460�395,656 614,002 667.268,657 �?34�716,069 784 796,052,500 8�ir�9,00�
i�tio of As9es9ed 11aLae tA
Esti�ted I�ia� VaL�e .96348:1 .31TT33:1 .319133:1 .29�61:1 .�i890:1 .ZTOBG:1 .ZT243:1 .�882:1 .�178:1 .35010:1
Pe^ (�pita 11�tiaB
A�essed Vauae 3,38�i.89 3,634.26 3.854.40 4,13D.41 5,eB6.80 5,832.7� 6,492.3D 6,5�8.l18 6,T18.61 3 6�991.80
E4timated I�riaet Va1ve 9,317.84 11,436.13 12,Orl7.T3 13�g72.�b 19,660.66 21,531.7� 23,831.21 5�456.O1 25,893•96 26,880.80
�r s� s s�� w� i r� s�r r r �ss
w r�� rr rr rr r Mw r� rr
at o� o� 5
�ax nrID �ax �s
Iaat TAZ FYscal Years
TAX RAgS (I�LS)
Setnol Dd.9tr'ict lbtal CitY� �r �Yr er�d Sts�e N.H.S.
�Y
Year Anea Voo-T1�ti l�b. 2�6 No. Zry No. ZB1 No. 11 ar�d S�ecial I� Na 2�6 11� bb. 279 1'� Ab. 261 I� No. 11
Q�1Lectible City (1) Scrnol (F2e^1 (Cl�e�) (FCbbirnda]e) (Ar�oka) D�strricts (Earl �a�n) (C]�e4) (R3�bir�le) (AYnI��
1977 15.715 2.4� 52.663 53.648 49•$l5 58.400 34.063 104.93fi 105.92'1 102.148 108.188
1918 16.6�16 2.123 53.53T 52.�34 49.690 �.840 35.OB6 101.39�2 106.?9� 103.545 10T.572
1979 17.880 2.?Zl 1 1'T.451 u5.�(3 46.645 u'T.706 $.450 103.00B 100.63� 10¢.�2 101.0�
1990 17.2�6 1.681 42.961 39.345 41.473 43.212 34.580 96.�1�1 92.851 94.979 95.037
t961 16.603 1.510 33.512 �3.427 40.7,7 37.996 33.373 84.9gB 84.913 92.z43 �T•972
1962 16.392 1.469 3$.781 42.993 50.524 46.847 33.567 90.214 94.4� 101.957 96.811
1963 �.971 1.119 42.89b 46.0� 52.901 45.47�{ 33.�7 93.543 96.682 103.548 95.002
1984 17.09b 1.4i16 �.965 54.909 58.32G �.2� �-Oal 103.514 10B.458 111.875 'IOrl.32B
19� 16.906 1.�V90 u9.332 51.199 56.100 52.8jD 34.�443 101.771 103.636 108.533 103.779
199b 17-183 1.5:� 52.545 54.�15 99.450 �.740 �.56b 1a6.829 106.b?� 113.T� 108.489
i
i 1ri�5 I�Y� (DQIARS)
�r a�r,
Yees� ncea voo-1�h w. zB6 rb. z79 No. ZB� rb. 1� '�al ac� s�ea�at sd�a]s. �uty,
Gbl]ectible School (E�1 Ha�n) (�eo) (A�bbir�da]e) (Arn►�J Sctnal lh.striets (�ty a�d State
1977 a65�953 1�786.ZI8 1��979 1,800,122 910,679 6,596Ati 4,15b 7►849,999 12,604
1gl8 231,� 1,853,473 1,865,3D1 1,841,345 889,060 6,680,617 �I,345,6i90 2,060,012 13,096.319
1979 252,099 1,763,457 1,711 1,805,864 '19�t,9►W 6,328,345 4,603,009 2,3'i6,684 13,�8,036 I
1980 Z03r�43 1,73(,432 1,568,491 1,650,314 1,5T2,661 6,682,141 4,711,671 2,�0,9b2 13,7lW,77
1981 �i7,602 1,939,916 1,636,937 2,058,145 '�66,972 6,639,ST1 5,9�i3O84 2,947,717 15,512,378
1982 Z65�508 2�422�618 2�061�005 2�606�004 861�T45 8�2�6�880 6,066,917 2�963 17r267�399
1983 202,�6 2,790,808 2,GZ5,a0rf 2,'T81,5T3 1,049,119 9,�8,963 6,716,839 3,3�3,ZT4 19,369,0'IG
19� �BT�933 3�3�,173 3r090�749 3�1?8�504 1,Z19r69b 11,165�Og 7r085�OB0 3�452�694 21,702�829
1985 310,394 3,�2,�6 3,014,7�14 3,18T,821 1,ZB6,533 11,Z41,931 7,2(T1,150 3,460,339 21,909,4aG
1996 3zT�794 3�776�253 3 3�47�6�1W 1�329�107 12�103��9 7�593,315 3,665r749 23�362r4Zi
(1) Im]izias tzx ]evy fm the I�usirg ar�d Aadevelopme�t Autlrrity af �vok�yr► O�te� of ct�e-t2�itd mill.
City of Brooklyn Center TABLE 6
SPECIAL ASSESSI�iT COL.LECTIONS
Last Ten Fiscal Years
i Percent Total
Current Colleetions Total Outstanding
Collection Collections (urrent and
Year Percent of Prior Total to G�Zrrent Delinquent
Collected Total Levy Amount of Levy Years Collections Levy Assessments
19T6 736,438 404,362 54.91x 40,337 4u4,699 60.39� 606,439
1977 663,514 406,029 61.19f 233,678 639,707 96.�+1x 630,246
1978 607,046 407,224 67.08z 168,477 575,701 9�+.84x 661,591
0 1979 585,105 461,550 'T8.88� 439,371 900,921 153•98'� 345,775
0
1980 655,175 572,104 87.3�X 239,038 811,142 123•81K 189,808
7981 395,439 335,859 84.93� 95,963 �31,822 109.20� 153,�25
1982 733,19$ 649,�72 88.58$ 95,962 i�5,�3� 101.67x 141,189
1983 981,733 908,53� 92•5�1x 57,463 965,994 98.�+Ox 156,928
198u 813,013 768,241 94.49x 79,617 847,858 104.29x 122,083
�985 715,185 698,756 97.70� 89,200 787,956 11�J.18� 53,971
w�� r� r r r■� �r r r�r r r r �w �r
r r r wr �w �r r r �w
City of Brooklyn Center TABLE 7
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
Last Ten Fiscal Years
Ratio of Net
Less: Amount Bonded Debt Net Bonded
Estimated Assessed Gross in Debt Net to Assessed Debt Fer
Fiscal Year Population Value Bonded Debt Service Funds Bonded Debt Values Capita
i976 36,116 112,293,478 7,770,000 2,118,250 5,651,750 .05033:1 t56.4g
1977 3�,110 122,320,876 7,015,000 2,193,710 4,821,290 .039u2:1 141.35
1g78 33,700 123,965,136 6,215,000 2,652,259 3,562,741 .02873:1 105.7Z
19'19 32,950 129,893,447 5,475,000 3,138,481 2,336,519 .01799:1 T0.91
0
i 1980 31,230 136,096,846 6,265,000 2,519,067 3,745,933 .02752:1 119•95
1981 30,g90 165,106,705 5,650,000 3,031,398 2,618,602 .01586:1 84.50
1982 30,820 180,7u0,511 7,68o,QOO 4,145,073 3,534,�27 .Oi956:1 114.70
1983 30,830 200,157,503 7,985,000 4,849,112 3,135,888 .01567:1 101.72
1984 30,820 203,122,897 7,040,000 3,348,669 3,691,331 .01817:1 119.77
1g85 30,630 208,916,656 11,550,000 4,871,780 6,678,220 .03197:1 218.03
I
I
I
of Brookiyn Center Table 8
STATENIENT OF LEGAL DEBT MARGIN
December 31, 1985
Assessed value Janua 1 1 8
r'Y 9 5 21�,158,978
Debt limit, 7.33� of assessed value (See Note A) 15,697,853
Total bonded.debt 11,550,000
Deduetions (See Note 1B):
A. Bondsa
1. Special Assessment
Bonds 2,765,000
2. State Aid Street Bonds 360,000
3. Utility Revenue Bonds 315,000
4. Tax Increment Bonds 6,180,000
N 9,620,000
B. General Debt Service Fund 806,776 10,426,776
Total Debt Applicable to Debt Limit 1,123,224
Legal Debt Margin, December 31, 1985 N 1�4,574,629
r
Note: (A) M.S.A. Section 475.53 (See following page)
Note: (B) M.S.A. Seetion �475.51 (See followin� page)
oz_ 1
City of Brooklyn Center Table 8
STATENIENT OF LEGAL DEBT MARGIN
Deeember 31, 1985 (Continued)
i Note (A): M.S.A. Section 1 �75•53 et seq. Limit on Net Debt:
"Subdivision 1. Generally, except as otherwise provided in sections
�75.51, no municipality, except a school district or a city of the
first class, shall ineur or be subject to a net debt in excess of
7•33 per cent of the assessed value."
Note (B): M.S.A. Seetion �475•51 Definitions:
"Subdivision 4. 'Ne� Debt' means the amount remaining after deducting
fran its gross debt the amount of current revenues which are
applicable within the aggregate of the prineipal of the following:
(1) Obligations issued for improvements whieh are payable wholly or
partly from the proceeds of special assessments levied upon property
specially benefited thereby, including those which are general
obligations of the municipality issuing them, if the municipality is
entitled to reimburse,�nents in whole or in part from the proceeds of
the special assessments.
{2) Warra.nts or orders having no definite or fixed maturity.
�3) Obligations payable wholly from the income from revenue-
produeing conveniences.
(�1) Obligations to create or maintain a permanent improvement
revolving fund.
(5) Obligations issued for �he acquisition, and betterment of publi.c
wat�r-works systems, and public lighting, heating or power systems,
and of any combination thereof or for any other publie convenience
from which a revenue is or may be derived.
(6) Amount of all money and the face value of all securities held as
a sinking fund for the extinguishment of obligations other than those
deductible under this subdivision.
(7) All other obligations which under the provisions of the statute
authorizing their issuance are not to be included in computing the
net debt of the municipality.
1 -103-
City of Brooklyn Center Tpg� g
CONIPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1985
City of Brooklyn Center Share
Governmental Unit Gross Debt Sinking F'unds Net Debt Per C�►t Amount
Direct and Overlapping Debt
Direct Debt:
City of Brooklyn Center (1) 11,550,000 4,871,780 6,678,220 100.0x 6,678,220
Overlapping Debt:
School Districts:
No. 281 (Robbinsdale) 11, 715,000 2,113,685 9,601,315 10.2x 979,33
No. 11 (Anoka) 11,880,000 2,131,986 9,748,014 5.9x 575,133
No. 279 (Osseo) 18,060,000 3,142,119 14,917,881 26.8x 3,997,992
No. 286 (Brooklyn Center) 350,000 69,891 280,109 100.Ox 280,109
Area Vocational Technical School No. 28? 8,500,000 1,663,659 b,836,341 4.9'� 334,981
Metropolitan Transit 26,800,000 5,617,000 21,183,000 1.5x 317,7�15
Metropolitan Council (2) 32,280,000 22,003,501 10,276,499 1•5'� 154,147
Metropolitan Airport (3) 0 0 0 0.0'j 0
i Hennepin County 172,286,991 11,431,960 160,855,031 2.7f 4,343,086
Hennepin County Park Reserve District 0 144, -144,630 2.7x 3,905
0
Total Overlapping Debt 281, 871,991 48,318,�131 233,553,560 10,978,622
Total Direct and Overlapping Debt 293 ,421,991 53,190�211 240,231,780 17,656,842
(1) Includes $2,765,000 debt outstanding to be paid from special assessments, �360,000 debt outstanding on State Aid Street
bonds, �3�5,00o aebt outstanding on revenue bonds, and $6,180,000 debt outatanding on Tax Increment bonds.
(2) Excludes $186 ,348,000 (less �31,329,731 in sinking flinds) of the Metropolitan Couneil issued G.O. sewer bonds. These
sewer bonds are supported from sewer charges to government units (including Brooklyn Center) within the metropolitan
sewer system.
(3) Excludes $111,115,000 (less $28,452,352 in sinking fLinds) of G.O. Airport bonds supported from airport user fees and
rentals.
Overlapping
Comparative Net Debt Ratios Chargeable to City Total Direct Debt Debt
Debt to assessed value 214,158,978) 8.24x 3.12x 5.13f
Debt to market value 823,359,000) 2.14� 0.81z 1.33�
Per capita debt, population 30,630) 576.46 218.03 3�8.43
�r r■� �r r r
City of Brooklyn Center TABLE 10
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Fiscal Years
1
Ratio of
Total Debt Service
Total General to General
Year Principal Interest Debt Service Expenditures* Expenditures
i
1976 225,000 186,730 411,730 3,2�4,183 12.69�
1977 215,000 173,130 388,130 3,239,892 11 .98�
1978 220,000 160,180 380,180 4,1�6,063 9.17�
1979 210,000 1�6,905 356,905 5,267,380 6.78�
1980 195,000 13�1,211 329,211 7,931,555 4.15�
1981 18 000 226 8 �4
5, 7 5 11,785 6,457,27�+ 6.38%
1 1982 195,000 224,100 �419,100 7,188,860 5.83�
1983 240,000 210,620 �50,620 7,509,298 6.00�
198�4 255,000 250,132 505,132 7,627,690 6.62�
1985 255,000 251,095 506,095 7,322,322 6.91�
Ineludes General, Special Revenue, Debt Service and Capital Projects Funds.
-105-
City of Brooklyn Center TABLE 11
SCHEDULE OF REVENUE BOND C�VERAGE
Last Ten Fiscal Years
Ratio of
Net
Net Revenue
Gross (1) Revenue to Debt
Yea.r Revenue Expenses Available Principal Interest Total Service
1976 1,235,274 710,662 524 612 35 000 27 105 62 105 8.447:1
1977 1,145,563 761,542 384,021 35,000 25,740 60,740 6.322:1
1978 1,371,519 $17,154 554,365 35,000 24,375 59,375 9.337:1
1979 1,572,24�I 824,�17 747,827 35,000 23,010 58,010 12.891:1
1980 1,950,340 952,850 997,490 35,000 21,645 56,645 17.609:1
1981 2�272�211 1�189�203 1�083�008 40�000 20�280 60�280 17
1982 2,242,053 1,565,291 676,762 �40,000 18,720 58,720 11.525:1
1983 2 195 913 1 465 13 0 200 �0 000 1 160 160 12. 1
,7 73 7, 57, 775:
198�1 2,386,97� 1,550,216 836,758 40,000 15,600 55,600 15.050:1
1985 2,435,238 1,549,645 885,593 �5,000 14,040 59,040 15.000:1
(1) Excludes depreciation and interest on bonds.
i
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-106-
City of Brooklyn Center TABLE 12
PROPERTY VALUE AND CANSTRUCTION
Last Ten Fisca.l Years
Commercial
Construction Residential Construction Property Value*
Year Value Units Value Com�nercial Residential Non-Taxable
I 1976 1,757,755 65 1,919,500 82,820,196 251,332,282 50,386,615
1977 3,584,198 80 2,179,300 125,012,8�0 256,914,115 50,386,615
1978 5,247,131 239 6,816,300 140,651,752 285,436,500 50,386,615
1 1979 8,209,39� 7b 3,392,700 161,917,915 330,196,500 50,386,615
1980 12,544,300 �43 3,061,000 215,536,256 392,096,600 52,828,091
1981 12,926,950 33 1,157,000 228,523,271 483,354,800 52,828,091
1982 2,497,700 70 2,055,000 235,045,689 490,�130,400 52,828,091
1983 5,342,000 140 8,677,800 268,�60,800 506,701,600 52,828,091
198� 6,037,900 77 8,95�,300 201,274,889 586,929,400 62,287,088
1985 29,553,108 14 827,700 199,882,500 613,69�,000 64,906,838
1
Estimated market value
1
_,o�_
City of Brooklyn Center TABLE 13
PRINCIPAL TAXPAYERS
December 31, 19$5
percenta e
g
1985 of total
Market Market
Taxpayers Type of Business Valuation Value
Equitable Life Assuranee
Society of America Brookdale Shopping Center 27,�112,100 3•37�
Norman Chazin Apartment Buildings 11,878,300 1.46�
Robert H. Bradley Office and Warehouse Building 11,136,000 1.37�
Prudential Insurance Company
of America Land and Office Building 10,014,200 1.23�
Cigna Real Estate Fund Office Building 8,267,200 1.02� t
Commercial Partners Brookdale Square Shopping
Center 7,262,000 .09�
Twin Lake North Company Apartments 7,000,000 .09�
Sea.rs Roebeek and Company Sea.rs Department Store 6,781,300 .08% t
Brutger's Companies Apar�ments 6,119,700 .08�
Shingle Creek Plaza II Land, Warehouse and Offzce
Buildings 5,909,600 .07�
Total Market Value 101,780,400 8.86�
-10$-
r
City of Brooklyn Center T��
SUNd�fARY OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1985
G.O. Special G.O. State-Aid
General Obligation Bonds Assessment Bonds Street Bonds Water Rev�ue Bonds Debt Service Requirem�t
Year Prineipal Interest Prineipal Interest Principal Interest Principal Interest Prineipal Interest
1986 215,000 484,276 325,000 210,935 60,000 22,140 �F5,000 12,285 645,000 729,b36
1987 275,000 604,06 315,000 189,795 60,000 18,165 45,000 10,530 695,000 822,554
1988 300,000 584,208 300,000 168,620 60,000 1u,160 45,000 8,775 705,000 TT5,763
1989 325,000 562,558 280,000 147,480 60,000 10,125 45,000 7,020 710,000 727,183
�990 245,000 53T,938 260,000 126,980 60,000 6,075 45�000 5,265 610,000 676�258
1991 �15,000 514,070 260,000 107,070 60,000 2,025 45,000 3,510 780,000 626,6T5
0 1992 500,000 480,298 200,000 88,150 45,000 1,755 745,000 570,203
1993 550,000 441,063 175,000 71,387 725 512,450
1994 285,0�0 409,686 175,000 55,200 460,000 464,886 I
1995 3�0,000 385,958 175,000 38,488 515,000 424,446 I
1996 420,000 356,418 150,000 22,500 570,000 378,916
199T 420,000 323,325 150,000 7�500 570,000 330,825
1998 �130,000 289,780 430,000 289,780
1999 570,000 252,395 510,000 252,395
2000 595,000 208,195 595,000 208,195
2001 690,000 156,795 690,000 156,795
2002 795,000 g6,997 795,000 96,997
2003 800,000 32�400 800,000 32,400
8,110,000 6,720",422 2,765,000 1,234,105 360,000 72,690 315,000 a 4g,140 11,550,000 8,076,35T
City of Brooklyn Center Table 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1985
Policy Period
Type of Coverage and Details From To Liability Limits
I. Statutory Liability to Employees
a. Workers' Compensation 01-01-86 01-01-87 Statutory
artici ant in the Le ue
P P
I I of Minnesota Cities Insurance
Trust Self-Insured Workers'
Compensation Program)
II. Liability to the Public
a. General liability,
comprehensive 01-01-84 01-01-8�7
(1) Bodily injury $600,000 combined single
limit
(2) Froperty damage $600,000 combined single
limit
�3) Personal injury $600,000 combined single
limit
b. Automobile liability,
comprehensive 01-01-86 01-01-87
(1) Bodily injury $600,000 occurrence
(2) Property damage $600,000 occurrenee
�3) Uninsured motorist $600,000 occurrence
c. Liquar stores' dram shop 01-01-86 01-01-87 $500,OQ0 each common cause
III. Loss of Income on City Enterprises
a. Liquor stores 01-01-84 01-01-87 $�450,000
b. Public utilities 01-01-84 01-01-87 $450,000
-110-
City of Brooklyn Center Table 1
5
SCHEDULE OF INSURANCE COVERAGE
December 31_ 1985 (Continued from prior page)
Buildings
and
Policy Period Structures Content:
(Replacement (Actual
Type of Coverage and Details From To Cost) Cash Value)
IV. Insurance on City Property 01-01-84 01-01-87
a. Public and institutional
property, all risk, blanket
$14,008,200; $250 de�uctible,
replacement value on buildings,
exeept stated value on Earle
Brown Farm buildings
(1) Civic Center $4,�460,000 $446,000
(2) East Fire Station �80,000 53,000
(3) Municipal Service Garage $1,088,000 $210,000
(4) Elevated Water Towers 3 locations $2,487,000
(5) Park Shelter Buildings 17 locations $1,208,000 48,000
(6) Pump Houses 7 locations 418,000 $113,000
(7) Lift Stations 9 locations 291,000 65,000
(8) Meter Station 13,000
(9) Storage Building 230,000
(10) Outdoor lighting systems 7 locations $269,300
(11) Liquor Store and Fire Station $�45�,000 $191,000
(12) Humboldt Liquor Store 200,000 $155,000
(13) Leased Liquor Store $195,000
(1�4) Movable Properties 154,974
(15) Pedestrian Bridge �410,000
(16) Picnic Shelter 46,000
(17) Earle Brown Farm Buildings 477,900
Liability Limits_____
b. Boiler and maehinery 02-01-86 01-01-87 $3,000,000 per accident
c. Automotive physical damage 01-01-84 01-01-$5
(1) Comprehensive ACV $50 deduetible
(2) Collision ACV $500 deductible
V. Criminal Acts
1 a. Faithful performance blanket position $100,000 per loss
b. Money and securities (broad form) Various
c. Depositor's forgery $100,000
The comprehensive general liability includes the following additional coverages:
(a) All employees as additional insureds
(b) Personal injury coverage to include false arrest, libel, slander, wrongful
entry or eviction or invasion of right of privacy.
(c) Broad contraetual liability
(d) Products liability
(e) Public Officials' liability
-111-
i
City of Brookl�n Center TABLE 16
SCI�DULE OF CASH AND TENR'ORARY CASH INVESTMENTS
December 31, 1985
Cash in Banks:
First Brookdale State Bank
Brooklyn Center, Minnesota 174,001
First National Bank of Minneapolis,
Minneapolis, Minnesota 100,940
Temporary Investmentss
Interest
Type Rate N_ Maturity
Bankers' Aeceptance 7.98� 1986 528,000
Repurcha.se Agreement 7.75� 1986 250,000
U.S. Treasury bills 7.11-7.62� 1986 1,475,000
U.S. Treasury notes �4.25-10.47� 1986-1992 8,325,000
Federal Land Bank bonds 7 .3696 1987 1,000,000
Federal Home Loan Bank bonds 7. 1986 -1988 4,380,000
Federal National Mortgage
Association bonds 7.85-14 1986-1992 b,825,000
Federal Farm Credit Bank bonds 7.80-13 1986 -1988 2,800,000 25,583,000
Interfund borrowings -(t�nporary improvement notes) N T 653,297
Acerued interest on investments 563,131
Change funds 4,935
Total Cash and Temporary Cash Investments
i
1
1
-112-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1985
Date of Ineorporation February 14, 1911
Date of Adoption of City Charter November 8, 1966
Date City C�arter Effective December 8, 1966
Form of Government Cauncil-Manager
Fiscal Years Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 120.1
county 3.2
State 12.7
Miles of Storm Sewers 38.9
Number of Street Lights 936
Building Permits:
Number of Permits Issued:
1985 521
198� 545
1983 660
1982 516
1981 518
1980 563
1979 606
1978 818
�977 566
�976 568
Estimated Cost:
1985 32,328,938
198�I 15,606, 35�
1983 16,096,550
1 1982 5,968,82�
1981 16,190,205
1980 17,454,690
1979 13,081,520
197$ 13,081,520
1977 13,578,901
1976 6,228,087
Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 37
Police Protection:
Number of Stations
Number of Full-time Employees t}�
Number of Part-time Employees
Police Department Vehicles �6
i
-113-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1985
Parks and Recreation:
Park property totals 522 acres developed to serve a wide variety of recreational
interests. Areas inelude playlots, playgrounds, playfields, trails, nature areas
and an arboretum.
Full-time employees 13
Part-time employees (seasonal) 200
Play�rounds 17
Park shelters 17
Ice skating rinks 8
Hockey rinks 6
Softball diamonds 28
Baseball diamonds 6
Tennis courts 16
Basketball courts 17
Municipal Water Plant:
Number of connections 8,718
Average daily consumption 3,540,860 gallons
Peak daily consumption 10,653,000 gallons
Plant capacity daily 16,500,000 gallons
Miles of water mains 114.24 miles
Number of fire hydrants 788
Number of wells 8
Number of elevated reservoirs 3
Storage capacity 3,000,000 gallons
Water rate per thousand 35 cents
Municipal Sewer Plant:
Number of connections 8,759
Miles of sanitary sewer 103.6
Da.ily disposal capacity 7,416,000 gallons
Number of lift stations 9
Residential rate $21.25 per quarter
Municipal Liquor Stores (Off-Sale):
Number of owned stores 2
Number of leased stores 1
�985 sales 2,3u�,513
City �nployees:
As of December 31, 1985
Permanent or regular 120
Temporary or part-time 188
Total 308
Elections:
Last General Election 198�
Registered voters 22,687
Votes cast 17,021
Percentage of' re�istered voters voting 75�
Last Municipal Election 1985
Registered voters 19,368
Votes cast 402
Percentage of registered voters voting 2.1�
i�
-114-
I
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1985
Population:
19�0 1,870
1950 4,284
1960 2�,356
1965 (special census) 30,108
1980 31,230
1981 (per official estimates) 30,990
1982 (per official estimates) 30,820
1983 (Per official estimates) 30,830
1984 (per official estimates) 30,820
1985 (per official estimates) 30,630
Education:
Public Schools
School districts within Brooklyn Center (4)
No. 11 No. 286 No. 281 No. 279
(Anoka) (Earle Brown) (Robbinsdale) (Osseo)
Total school buildings 34 2 21 18
School buildings within
Brooklyn Center 1 2 1 3
Total students registered 30,960 1,326 14,288 17,096
Students from Brooklyn
Center registered 1,032 1,326 567 2,003
Total square miles in
school distriet 172 2.8 30 66.5
Square miles within
Brooklyn Center 1.5 2.8 2.25 2.5
i 1985 assessed valuation 769,508,390 82,113,415 779,260,503 545,0�+5,367
1985 assessed valuation
in Brooklyn Center 20,899,391 81,235,443 63,612,359 54,566,929
Parochial schools (1)
St. Alphonsus School grades 4 through 8- Total students registered: 320
Assessed valuation prior to fiscal disparies and tax increment calculations
-115-
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