HomeMy WebLinkAboutCAFR-1982 COMPREHENSIVE
ANNUAL
AUDITED FINANCIAL REPORT
of the
CITY MANAGER
of
BROOKLYN CENTER, MINNESOTA
For The Year Ended December 31, 1982
GERALD G. SPLINTER, CITY MANAGER
Prepared by
THE DEPARTMENT OF FINANCE
Paul W. Holmlund, Director
(Member of Municipal Finance Officers
Association of the United States and Canada)
Cit� of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1982
I 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- 17
FINANCIAL SECTION
Auditor`s Opinion 18
Combined Statements Overview:
Combined Balance Sheet All Fund Types and
Account Groups 1 19:& 20
Combined Statement of Revenues, Expenditur�s and
Changes in Fund Balances Al1 Governmental
Fund Types 2 21
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances Budget (GAAP Basis)
And Actual General and Special Revenue Funds 3 22
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary Funds 4 23
Combined Statement of Changes in Financial
Position Proprietary Funds S 24 25
Notes to Financial Statements 26 45
City_ of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1982
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Combining and Individual Fund Financial Statements
General Fund:
Comparative Balance Sheet A-1 46
Statement of Revenues, Expenditures and Changes in
Fund Balance Budget (GAAP Basis) and Actual A-2 47
Statement of Revenue Budget and Actual
Objective Classification A-3 48 50
Statement of Expenditures Compared to Budget
(GAAP Basis) A-4 51 55
S ecial Revenue Funds:
P
Combining Balance Sheet B-1 56
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances B-2 57
Debt Service Funds:
Combining Balance Sheet C-1 58
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances G2 59
Capital Projects Funds:
Combining Balance Sheet D-1 60
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances D-2 61
Project-Length Schedule of Construction Projects
Capital Frojects Fund S-1 62
Project-Length Schedule of Projects
Municipal State Aid Construction Fund S-2 63
t City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1982
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Special Assessment Funds:
Combining Balance Sheet E-1 64 b5
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances E-2 66
Project-Length Schedule of Construction Projects S-3 67
Enterprise Funds:
Combining Balance Sheet F-1 68 69
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings F-2 70
Combining Statement of Changes in Financial Position F-3 71 72
Statement of Operations Municipal Liquor Fund F-4 73
Statement of Operating Expenses Municipal
Liquor Fund F-S 74
Balance Sheet Public Utilities Fund F-b 75 76
Statement of Operations and Changes in Retained
Earnings Public Utilities Fund F-7 77
Water Operating Expense Public Utilities Fund F-8 78
Sewer Operating Expense Public Utilities Fund F-9 79
Agency Funds:
Combining Statement of Changes in Assets and
Liabilities All Agency Funds G-1 80
Statement of Changes in Assets and Liabilities
Housing and Redevelopment Fund G-2 81
Statement of Changes in Assets and Liabilities
Fire Department Relief Association Fund G-3 82
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1982
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
And Sources H-1 83
Schedule of General Fixed Assets By
Function and Activity H-2 84
Schedule of Changes in General Fixed Assets
ByFunction and Activity H-3 85
General Long-Term Debt Account Group:
Comparative Schedule of General Long-Term Debt I 86
STATISTICAL SECTION
Table
Number
General Governmental Expenditures by Function
Last Ten Fiscal Years 1 87
Revenue Other Than Special Assessments
Last Ten Fiscal Years 2 88
Tax Levies and Tax Collections
Last Ten Years 3 89
Assessed Value and Market Value of All Taxable
Property Last Ten Years 4 90
Tax Rates and Tax Levies Years 1960 Through 1983 5 91 92
Special Assessment Collections Last Ten Years 6 93
Ratio of Net Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita Last Ten Years 7 94
City_ of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1982
TABLE OF CONTENTS
Table Page
Number Number
Statement of Legal Debt Margin 8 95 96
Computation of Direct and Overlapping Debt 9 97
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures 10 98
Schedule of Revenue Bond Coverage Last Ten Years 11 99
Property Value and Construction Last Ten Fiscal Years 12 100
Principal Taxpayers 13 101
Summary of Debt Service Requirements to Maturity 14 102
Schedule of Insurance Coverage 15 103 104
Schedule of Cash and Temporary Cash Investments 16 105
Miscellaneous Statistical Facts 106 109
t
1
City of Brooklvn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31 1982
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12/31/83
Councilman Rich Theis Three Years 12/31/84
Councilman:Bi11 Hawes Three Years 12/31/84
Councilman Gene Lhotka Three Years 12/31/85
Councilwoman Cecilia Scott Three Years 12/31/83
OFFICIAIS NOT ELECTED
City Manager Gerald G. Splinter
City Clerk Gerald G. Splinter
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Administrative Assistant Thomas Bublitz
Administrative Assistant Brad Hoffman
Department Heads:
Finance Paul W. Holmlund
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Park and Recreation Eugene Hagel
Assessment Peter Koole
Liquor Stores Truman Nelson
Assistant City Engineer James Grube
Street and Park Superintendent Henry Davis
Public Utilities Superintendent Craig Hoffman
Recreation Superintendent Arnold Mavis
Health Officer Duane Orn, M.D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
-1-
City of Brooklyn Center
LISTING OF CITY OFFICIALS
At 31, 1983
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean N.yquist Two Years 12/31/83
Councilman Rich Theis Three Years 12/31/84
Councilman Bill Hawes Three Years 12/31/84
Councilman Gene Lhotka Three Years 12/31/85
Councilwoman Cecilia Scott Three Years 12/31/83
OFFTCIAIS NOT ELECTED
City Manager Gerald G. Splinter
City Clerk Gerald G. Splinter
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
Parks and Recreation Eugene Hagel
Assessments Peter Koole
Liquor Stores Truman Nelson
Deputy City Clerk/Personnel Coordinator Thomas Bublitz
Housing/Purchasing Coordinator Brad Hoffman
Assistant City Engineer James Grube
Street and Park Superintendent Henry Davis
Public Utilities Superintendent Craig Hoffman
Recreation Superintendent Arnold Mavis
Health Officer Duane Orn, M.D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
1
-2-
i
ORGANIZATION CHJIRT
COUNCIL MANAGER PLAN
Ci�y of Brooklyn Center, Minnesot3
ADVISORY ELECTORATE CHARTER COMMISSION
Capital Improvement Review Ad.
ADVISORY
Youth Ad��isory Commission
AUVISORY CITY COUNCIL
Nousing Commission
ADVISORY CITY ATTORNEY
Conservation Commission
've ssistan t
ADVISORY City Manager Administrati A
Human Rights Commi ssion City Clerk
Purchasing Officer
ADVI SORY
Parks and Recreation Canmission
='s�
ADVISORY Administrative Assistants
Planning Commission
Civil
_Defense_
i
I
)j j i 4 1 1 I I
DIRECTOR DIRECTOR CHIEF DIRECTOR DIRECTOR CHIEF MANAGER� DIRECTOR ASSESSOR
Planning Finance Police of Parks and Voluntee r Liquor Public Tax
and Department Departsnent Environmental Recreation Fire Store Works Assessment
Inspection City Health Department Department Department Department
Department Treasurer Department �itY
Government Enqineer
Buildinqs
Y
Engineering Street Public
Division Division Utili�ies
tl tl V e i 5 i i 8 i i
1 5 ti 1 1 �t Y y �I 5 B 3 e 5 p 3 y i
$i �9 $i ii x�! �i �i 51 �i !9 :i s4 2E �S 'l1 �i I�i �B �E GE $1 �6 t t �E e g� e �e E
�JI�
J I d`i D B C.�._.,� G I
J� N
....K
�ci., or eeaow..N
t 4 -._�a.
J i.ww..�
t r U I I N.YEN I�NE 1�111t I 7 s j I Z i I I I 1 �I 1
f LJ
i e�. i
I l*� 4 e. f S k J 1' y
1�. J I I /�.,IA 1�
i
�x^�j4 y.�=� 1 v
u+ O
7 �1�
ti s s e ;1
i I y 7
L� I
�I 0
�'j F �';�,�i
a� c
���.1�,�0���°:; p I
�I 9 y �L__-�' 1 e.. u i rc� i�I
l� m�
�c� �s��`�'-� `'y.,. ti,,
4 1 p� 7
A�� I d ��r�
i 1 aC�l i s—
6 9 t
i �(7 ��0� ,.c 'I r li� I,I
x f�_P iI �,a�r I')
����0 ���U �r—�. a 1
5-- s—� .������I ,T��e'- ,!'Io��.
I UI.�JI j�' f
Y� I b a axs
V ,-J aoa0000 i
tl, s�! i
..��.s� I ��o�o� �aoaao a
i l y F a��� c I �I
I t..�� Imd �0000��a 4 a0000 q o
i r a w..
o o �aaQ�000000�� .TM.�. 1
o
�0 :/�a� ����DDD���Q
a
Y o 5 000 a oaoo
i,... F
�l,
LOCAL S'rREET p s,
INDEX 5 U Y d �aooa_ o- oo� ..a....
a�p�d0�0�0�0�
TWIN Y ��s P �;r
_]r.e.....
JI LAKE E I I�
,�r.Ea� ��aooa o�� .o.�
.��i CITV Of NNEAPO lS
'r--- �C�� 3 n r ss 1
r LJ� a�.w�. CITY oF
z�Q BROOKLYI�T
°��D C E N T E R
7 �E .».H.
n I1 IMOOIFI ���xw�w. p �qvo I
J I I I. �i� r��v[.x. .�.�—rrr�-� ;I11
�C����
'w b V,
/'pYAN LAKE
i
I
_i I1�.
arr ar rroeeixsaece
a L
.�.w...v
:':Cd". TWIN S
��cE '—lrl�,..�_
v. rl
R
'�a,� CITY GENERAL PROPERTIES
A. Civic Center (City Hall Community Center)
g, West Fire Station L�quor Store No. 2
C. East Fire Station
PARK SYSTEM KEY D. LiquorStoreNo.11LeasedProperty)
1, Willow Lane Park 13. Grandview Park E. Liquor Store No. 3(Leased Property)
2, Orchard Lane Park 14. Ever reen Park F. City Maintenance Building
9 G. City Maintenance Annex
3. Kylawn Park 15. Bellvue Park H, Well No. 6, 1207 69th Avenue Nordi
4. Lakeside Park 16, Marlin Park I. Well No. 7, 7230 Camden Avenue North
5. Brooklane Park 17. Firehouse Park Water Tower No. 1
6. Wangstad Park 16. Riverdale Park K. Water Tower No. 2
7. Northport Park 19. Freeway Park L. Water Tower No. 3
6. Happy Hollow Park 20, Arboretum M. Lift Station No. 1, 6112 Vincent Avenue North
9. Palmer �ake Park 27. River Ridge Park (Miss. River) N. Lift Station No. 2, 5450 Lyndale Avenue North
10. Garden City Park (State Owned) O. Future Water Treatment and Maintenance Annex
91. Central Park 22. Twin Lake Beach Park P, Vacant
12. Liais Park (City State Ow�ed) Q. Old City Hall Site (Vacant)
-4-
CITY
OF 6301 SHINGLE CREEK PARKWAY
B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
ENTER EMERGENCY—POLICE—FIRE
911
June 198i
HONORABI,E T"AYOR AND P1�'BERS OF CITY COiJr�CIL
CITY OF BROOKI,YN CETITER
In a.ccordance with State Statutes and Section 7.12 of the City Charter, I hereby
tra.nsmit the comprehensive Annual Audited Financial Report of the City of Brooklyn
Center as of December 31 1982 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. r",anagement believes
tha.t 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 a11 disclosures necessary to enable the reader to ga.in the maximum
understanding of the City's financial affairs have been included.
In developing and evalua,ting the City's accounting system, consideration is given
to the adequa.cy of internal accounting controls. Internal accounting controls are
discussed by the Finance Director in his accompar�ying letter of transmittal, and
within tha,t framework, I believe, that the City's internal accounting controls
a.dequately safeguard assets and provide reasonable assurance of proper recording of
financial transactions.
This report has been prepared following the guidelines recommended by the Municipal
Finance Officers Association of the United States and Canada. The P9unicipal
Finance Officers Association awards Certificates of Conformance to those
governments whose Annual Financial Reports are judged to conform substantially with
hig� standards of public financial reporting, including generally accepted
accounting principles promulgated by the National Council on Governmental
Accounting. It is �y belief tha.t the accompar�ying fiscal yeax 19f32 Financial
Report meets program standaxds, and it will be submitted to the 1�"unicipal Finance
Officers Association for review.
In accordance with the above mentioned guidelines, the accompar�ying report consists
of three pa,rts: (1 Introductory Section, includin� the Finance Director's letter
of transmittal; (2) Financial Section, including the financial statements and
supplemental data of the government accompanied by our independent auditor's
opinion; (3) Statistical Section, including a number of tables of unaudited data
depicting the financial history of the government for the pa.st ten years,
informa.tion on overlappin� governments, and other miscellaneous informa,tion.
5-
'�lce .Snyctt� �Ntt L�
HONORABI,E MAYOR AND N�ERS OF CITY COUNCII, -2- June 8, 1 g83
State law and the City Charter require that the financial statements of the City of
Brookl,yn 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 tftiilly sub 'tt
'v
Gerald G. Splinter
City Manager
-6-
CITY
OF 6301 SHINGLE CREEK PARKWAY
B ROOI�LYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
C ENTER EMERGENCY-POLICE-FIRE
561-5720
June 7, 1983
Mr. Gerald G. Splinter
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The Comprehensiv.e Annual Financial Report of the City of Brooklyn Center,
Minnesota for the year ended December 31, 1982 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 f unds; and that all disclosures necessary to enable the
reader to gain the maximum understanding of the City's financial affairs
have been included.
THE REPORT
The organization, form and content of this report has been prepared using
standards prescribed by the Municipal Finance Officers' Association of the
United States and canada, the National Council on Governmental Accounting,
the American Institute of Certified Public Accountants, the Minnesota State
Auditor, and the Brooklyn Center 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.
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 Councilpersons who are elected at large. Each Councilperson serves a
term of three years and the Mayor serves a term of two years. The City
Manager is the head of the Adrainistrative branch of the City Government and
7-
�Ilc So�cttici«g �'Jl ozc L�
Mr. Splinter -2- June 7, 1983
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 provide such information about the City as the Council may
require. 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 public funds. The
City Attorney is appointed by the Council. All 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 CONTROL
Tn developing and evaluating the City's accounting system, consideration is
given to the adequacy of internal accounting controls. Internal accounting
controls are designed to provide reasonable, but not absolute, assurance
regarding: (1)the safegnarding of assets against loss from unauthorized use
or disposition; and (2}the reliability of financial records for preparing
financial statements and maingaining 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 judgements by management.
All internal control evaluations occur within the above framework. I
believe that the City's internal accounting controls adequately safeguard
assets and provide reasonable assurance of proper recording of financial
transactions. A summary of significant accounting policies is contained in
Note 1 of the Notes to Financial Statements which can be found in the
Financial Section of this report. Accounting for all the City's activities
is centralized under the Department of Finance. The responsibility for
maintaining and prescribing all financial records, establishing and main-
taining internal control, and preparing financial and budgetary reports is
delegated to this department.
The City Charter grants the City Council full authority over the financial
affairs of the City. The Charter requires that all funds of the City,
except funds made up of proceeds of bond issues, public service enterprise
funds, and special assessment 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 annual budget resolution by the
Council, it becomes the formal budget for City operations. After the budget
resolution is adopted, the Council can increase the budget only if actual
receipts exceed the estimates, or from accumulated surplus in the amount of
an unexpended appropriation from the previous fiscal year. Financial re-
ports, 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, 1982 since they do not constitute expenditures or liabilities.
_g_
Mr. Splinter -3- June 7, 1983
I THE CITY AND ITS SERVICES
This report includes all of the funds and account groups of the City. It
includes all activities considered by the U.S. Bureau of Census to be part
of (controlled by or dependent on) the City. The Housing and Redevelopment
Authority (HRA), although governed by Commission members who are also City
Council members, is considered by Census to be a separate government
because: (1)it is an organized entity: (2)it has governmental character;
and (3)it is substantially autonomous. However, audited financial
statements for the HRA are included in this report since the City receives
and disburses funds for the HRA. Independent School District Nos. 286
(Earle Brown), 279 (Osseo), 281 (Robbinsdale), and 11 (Anoka) are totally or
partially located in Brooklyn Center and provide secondary education
services to students within the corporate limits of Brooklyn Center. These
independent school districts are governed by their respective school boards,
therefore financial data applicable to them has been excluded from this
report. Independent School District No. 287 (Suburban Hennepin County Area
Vocational Technical Institute) financial data has also been excluded for
the same reason. State Aid insurance premium tax in the amount of $51,740
was receipted by the City and disbursed to the Volunteer Firemen's Relief
Association with the City act�ng in an agency capacity. This report
includes all other activities considered to be a part of, and controlled by,
the City of Brooklyn Center.
The City provides the full range of municipal services contemplated by
statute or character. 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 have 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, 1982
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.
1 -9
Mr. Splinter -4- June 7, 1983
GENERAL GOVERNMENTAL FUNCTIONS
A summary of the City budget for governmental functions as originally
adopted (prior to subsequent amendments) for the calendar year 1982 follows:
Proposed Expenditures
City operations (General Fund) $6,140,646
Debt redemption
Park Improvement Bonds of 1980 161,301
1969 Building and Improvement Bonds 206,700
Total Proposed Expenditures $6,508,647
Proposed Source of Financing:
Taxation (See summary of taxation
presented below) $2,965,702
Intergovernmental (State and Federal
revenue) 2,266,330
Tax penalties 70,000
Local revenue:
General government services 528,315
Permits and licenses 215,300
Court Fines 120,000
Miscellaneous revenue 238,000
Transfers-in:
Liquor fund 100,000
Fund balance 5,000
Total Proposed Financing $6,508,647
Ad valorem tax levies for the current year 1982 and for the two previous
years are summarized and presented below:
1982 1981 1980
Mill Mill Mill
Tax Levy Rate Amount Rate Amount Rate Amount
City Operations 12.782 $2,307,841 12.824 $2,120,866 I4.013 $1,910,190
Debt redemption 2.035 368,001 2.288 378,610 1.678 228,700
Public Employees'
retirement 1.580 289,860 1.491 246,544 1.554 211,844
Total_Levy 16-397 $2,965,702 16�603 $2,746,020 17_245 $2,350,734
Assessed Valuation 1982 1981 1980
Real estate $178,984,374 $162,760,496 $134,112,276
Non-exempt personal property 4,113,767 4,027,036 3,816,766
Fiscal disparities adjustment (2,357,630) (1,680,827) (1,832,196)
Total Assessed Valuation $180,740,511 $165,106,705 $136,096,846
-10-
Mr. Splinter -5- June 7, 1983
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 generally limited to 8� of the prior ��ear
levy. The law also provides certain 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 1979 through 1982:
1982 1981 1980 1979
Total tax levy $2,965,702 $2,746,020 $2,350,734 $2,273,295
Less special tax levies 314,348 938,957 538,041 494,033
Levy limitation $2,651,354 $1,807,063 $1,812,693 $1,779,262
Levy limitation 2,721,309 2,026,714 1,819,897 1,858,367
Under Levy Limitation 69,955 219,651 7,204 79,105
The State legislature enacted a"Fiscal Disparity Law" in 1971 which was not
implemented until taxes payable in 1975 because of a constitutional challenge.
The law provides for the "pooling" of 40l of all new commercial and indus-
trial property valuation in the seven county metropolitan area. Valuation
from this "pool" is redistributed to taxing jurisdictions according to
specified criteria. The impact of the disparity law on the City is shown
below. The City has, since the inception of the law nine years ago,
contributed $9,568,974 in assessed valuation. The fiscal disparities
adjustments for the nine years are as follows:
Year Assessed Assessed Value Net Received
Taxes Value Contri- Received or
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 4,708,80Q (1,464,192)
1980 8,086,801 6,254,605 (1,832,196)
1981 9,523,651 7,842,824 (1,680,827)
1982 13,677,348 11,319,718 (2,357,630)
1983 16,832,813 15,395,570 (1,437,243)
9 Year Total $68,978,447 $59,409,473 $(9,568,974)
As of December 31, 1982, the fund balance of the General Fund, which had not
been appropriated to a specific expenditure purpose, totaled $2,836,915.
This amount represents the working capital that is available to finance the
general operations of the City. In accordance with its method of deter-
mining an adequate f und balance for working capital and contingencies in the
General Fund, the Council directed the transfer of $600,000 to the Capital
Projects Fund during 1982.
-11-
Mr. Splinter -6- June 7, 1983
Revenues and other financing sources to be used for general governmental
operations totaled $5,937,695 in 1982, an increase of $112,432 over the
previous year. The following table presents an analysis of major revenue
and other financing sources (budgetary GAAP basis) of the General Fund for
1982 and compares them to 1981:
Increase
of (Decrease)
1982 Total 1981 From 1981
Taxes, Ad Valorem $1,935,403 32.6� $1,655,642 $279,761
Intergovernmental revenue 2,213,486 37.3 2,388,848 (175,362)
Charges for services 790,333 13.3 728,828 61,505
Licenses and permits 249,015 4.2 207,100 41,915
Court fines 146,204 2.5 111,596 34,608
Miscellaneous revenues 195,945 3.3 1$8,284 7,661
Other sources 407,309 6.8 544,965 (137,656)
Total $5,937,695 100.0� $S,$25,263 $112,432
Actual revenues and other financing sources exceeded the 1982 budgeted
amount by $14,327,
Expenditures and other uses of funds for general government operations
totaled $5,529,859 in 1982, an increase of $455,079 over the previous year.
The following table presents an analysis of major expenditure functions and
other uses of funds (budgetary GAAP basis) of the General Fund f or 1982 and
compares them to 1981:
Increase
of (Decrease)
1982 Total 1981 From 1981
General Government $1,007,781 18,2� 910,131 97,650
Public Safety 1,90I,839 34.4 1,588,149 313,690
Public Works 1,213,941 21.9 1,176,447 37,494
Community Health 36,244 .7 39,385 (3,141)
Parks and Recreation 1,122,299 20.3 1,162,878 (40,579)
Other uses 247,755 4.5 197,790 49,965
Total $5,529,859 100.0� $5,074,780 $455,079
Expenditures and other uses of funds were $393,509 less than the 1982
budgeted amount.
The complete reporting of the General Fund financial operations and position
can be found in the General Fund Section of this report.
-12-
Mr. Splinter -7- June 7, 1983
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 f or the City at
December 31, 1982 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 $3,534,927 1.77� .48� $114.70
Outstanding general obligation bonds at December 31, 1982 totaled $7,240,000
of which $4,200,000 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
$540,000 of G.O. State Aid Street Bonds which were issued to finance state
aid projects and are repaid from state allotments. The remaining $2,500,000
is direct tax supported debt which is repaid by the proceeds of ad valorem
tax levies. During the past year, $2,625,000 of general obligation bonds
were issued to finance various special improvements and $555,000 of general
obligation.bonds were retired.
Outstanding revenue bonds at December 31, 1982 totaled $440,000. These are
bonds issued in 1963 for improvements to the water utility and are repaid
from the public utilities revenues. During the past year, $40,000 of
revenue bonds were retired.
The City has a current Moody's Investors Service bond rating of "A-1".
More detailed 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 consistent
means for investing temporary surpluses of individual City Funds. Each
individual City Fund invests in the Investment Fund and that Fund, in turn,
invests these temporary surpluses in obligations issued by the United States
and its agencies, bank certificates of deposits, repurchase agreements,
savings and loan associations' savings certificates and City of Brooklyn
Center construction notes issued to provide temporary financing for
construction in the special assessment funds.
The average yield on investments during the year was 11.34� and the Fund
distributed $1,846,622 in interest earnings to the participating funds.
-13-
Mr. Splinter -8- June 7, 1983
SPECIAL REVENUE.FUNDS
Federal General Revenue Sharing, which was established to provide financial
assistance�to states and local government, will expire at the end of the
fourteenth entitlement period on September 30, 1983 unless extended by
Congress. The financial contributions to local governmental units are based
on a forinula which includes per capita income and local tax effort. During
1982, the City's allocation totaled $189,287 and will be approximately
$113,544 (remaining three quarters of fourteenth entitlement) in 1983. The
City expended $307,309 of general revenue sharing f unds in 1982.
The reporting of all Special Revenue Funds' financial 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 received
from various sources (including transfers from the LCMR 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-1 of this report. During 1982, Capital
Projects Fund expenditures of $1,024,777 were made. The Fund Balance at
December 31, 1982 was $1,630,393. Of this amount, $1,175,816 was reserved
for unexpended appropriations, leaving an unreserved Fund Balance of
$454,577.
The Municipal State Aid for Construction Fund was established to account for
monies received f rom the Minnesota Department of Transportation and expended
for transportation related construction projects. The City expended
$107,808 of municipal State aid for construction during 1982. The Fund
Balance at December 31, 1982 was $2,782,740 of which $91,566 was reserved
for unexpended appropriations and $1,296,028 was restricted to State
approved projects, leaving an unreserved Fund Balance of $1,395,146.
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:
-14-
Mr. Splinter -9- June 7, 1983
1982 1981
Water Department operating revenue 507,421 504,268
Sewer Department operating revenue 1,014,255 1,117,670
Water Department operating income 16,121 82,045
Sewer Department operating income 21,311 165,741
Water Department net income 487,489 583,819
Sewer Department net income 190,273 293,849
Water:customers at year end 8,326 8,225
Sewer customers at year end 8,480 8,426
The Public Utilities operating revenues are to be used to finance system
maintenance and future expansion and improvements. The complete reporting
of the Public Utilities' financial operations and position can be found in
the Enterprise Funds' Statements Section of this report.
LIQUOR STORES FUND
The City's three municipal off-sale liquor stores earned a combined net
profit of $102,172 for the calendar year ended December 31, 1982. The
Liquor Fund transferred $100,000 during the year to the General Fund to
assist in the financing of City operating expenses. A condensed comparison
of the stores' 1982 operations with those of 1981 follows:
1982 1981
Sales $2,469,630 $2,477,236
Cost of Sales 1,967,921 1,967,829
Gross Profit on Sales 501,709 509,407
Operating expenses 407,194 364,496
Net Operating Income 94,515 144,911
Interest and other income 7,657 10,608
Net Income 102,172 155,519
Transfers to the General Fund 100,000 125,000
1
1
-15-
Mr. Splinter -10- June 7, 1983
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 usually
paid in installments over a period of years. Construction expenditures of
$579,504 were made from the Fund in 1982. The complete reporting of the
Special Assessment 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,
1982, the general fixed assets of the City amounted to $22,859,192. This
amount represents the original cost of the assets and is considerably less
than 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 available for management purposes. The complete
reporting of the General Fixed Assets accounting can be found in the General
Fixed Asset Statement Section of this report.
INDEPENDENT AUDIT
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.
-16-
Mr. Splinter -11- June 7, 1983
A Certificate of Conformance is valid for a period of one year only. We
believe our current report conforms to Certificate of Conformance Program
requirements, and we are submitting it to MFOA to determine its eligibi.lity
for a certificate.
I 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,
1 �.�.W.
Paul W. Holmlund
Director of Finance
1
t
t
-17-
oen anc��entt�'� Ltc�
1
CERTIFIED PUBUC ACCOUNTANTS
7035 WAYZATA BOULEVARD SUITE 210
MINNEAPOLIS, MINNESOTA 55426•1777
(612) 546-3306
MEMBERS
GEORGE D. BETTS, CPA AMERICAN INSTITUTE OF CPA'S
KENNETH P. JAEB, CPA MINNESOTA SOCIETY OF CPAS
JAMES W. SEIFERT, CPA
LARRV 5. JACOBSON, CPA LUTHER J. MOEN RETIRED
LARRV 5. POPPLER, CPA OIVA PENTTILA- RETIRED
May 9, 1983
1
Honorable Mayor, Members of the
City Council, and City Manager
City of Broaklyn Center, Minnesota
We have examined the combined financial statements of the City of
Brooklyn Center, Minnesota and its combining and individual fund financial
statements as of and for the year ended December 31, 1982, 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 combined financial statements referred to
above present fairly the financial position of the City of Brooklyn Center
at December 31, 1982, and the results of its operations and the 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 and individual fund financial statements referred to above present
fairly the financial position of the individual funds of the City of
Brooklyn Center at December 31, 1982, their results of operations, 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 combined financial statements taken as a whole and on the combining and
individual fund financial statements. The accompanying financial
information listed as supporting schedules in the table of contents is
presented for purposes of additional analysis and is not a required part of
the combined financial statements of the City of Brooklyn Center. The
information has been subjected to the auditing procedures applied in the
examination of the combined, combining, and individual f und financial
statements and, in our opinion, is fairly stated in all material respects in
relation to the combined financial statements taken as a whole.
Respectfully submitted,
N�
MOEN PENTTILA, LTD.
-18-
City of Brooklyn Center, Minnesota
6ENERAL PURPOSE FINANCIAL STATEMENTS
The general purpose financial statements are intended to provide a financial
overview of municipal operations. These reports are at a summary level and
include that data needed to control and analyze current operations to
determine compliance with legal and budgetary limitations and to assist in
the financial planning process.
(�ty a� Brodctm Cern� ��.T 1
QM3II� BA�/1[� (Cantimed next pege)
Deoanber 1198'L
Propcietary Fiduciary Tatals
Cnvamental Flnd 1Yves Flnd '11��es,_ F1nd 75�ea Accoint G:a�ms (I�marandun On1Y)
Special ]kbt Capital Spacial Qerte�al C�►Qal Ia�g- l�cQnbe�' r
Gereral Reverue Sez'vioe Pro jects Asses�its I7nterucises A� I�Y�ed Assets 'lietm lleht 1962 1981
ASSF.15
Cash on F�u�d and in banks s 595 s 3�9DD s 4,495 S 46�0(�
Imest��ts (at cast) (Note lE) 2.ffi6.786 5891�336 5560.89'+ $�+.88�+.230 S3.4B9.965 2�508�92D b8�84.3 15�?3D.464 12.430.936
Roceivables (net of �noollectible):
Accwnts 3,685 1�� 1�,113 114�a06 175,360
Taxs 248�3� 2�8A 47�066 2�39D 300.G27 235�Q32
Speciai :v ,��ents 245 141�189 4.ffl4 146,128 157.284
Accrved tevenue 182�375 182�375 210,366
Due from other fuid ��b49 12,7� 3B�i.0� b3�m0 12,096 552,5Z7 1.T1�(�,641
Ar fran otha� go�aments 31�89Q 55�07G 13�048 42�93�i 32�m6 174,956 2�216�5b6
Inventories and supplies (Note 1F� 46�fD0 256,25�i �lG,fl54 33Q,3fi5
pnepaid expenses 1fl�433 8b,648 145,�1 17D,258
Res[ricted inwestme�s end otl� assets k�l�i lt�G?3,(A3 k�KlG,91
Pand discants �3�3f�i 43�3f�i
Propertr� plant and equiprenc (Note 12) 1�F�17�,29f3 �22�fl59�192 37�Q34.4B5 35,k19,649
iess: Accunilated depreciatiat (3,299�71b) �3�299.7I6) (3�6�'i�33�+)
Mouit availa6le in Debt Servi.oe k10,270 k10,Z70 506,101
Moint to be provided far C�etal Ia�g-�Te�m A�ht 2.823,� 2.823,036 2�904.859
TW1L ASSEIS Z3.�0.960 �63.466 5607�9b0 �5.281.2� �3�737.557 �18,7�i�b04 �103�239 5�.859.1� 53.733�306 558.790�564 5�.092�616
i
Ctty of Brooklvn Cent.�' F�Tr i
All Fuid T�p and Acaoint s (Cantin�ad fram Priar Pa�)
Ql�BD�9 HALAI� S7
Deaanb� 31 1981 I
Pc+opaietarY F`IducisrY T°tals
r�.� r�,�a z� r�a k�►c crowe tr�a� o�,i�>
Special lkbt Capital Special Ga�eral Ga►eral Ian� Decenba :il
Genaal Ite�e�ue Ses�vice Pro.i�ts Assessnerts Fi►terv�� F�zed Asaets Tam De6t 1982 1981
ISAB�.ITIFS AND F[A�ID IH'�['
Liandlities
Acoo�nts paysble S 193�896 S 7.196 S 1,896 9� S 3.171 S S 4.?57 S 292.067 S�,�+
Contracts pvyable 3��537 654�713 3'L,411 11A.448 8b0.1U9 407.251
Due to otlrr finds .52�797 138.8a4 14�H53 346.253 552,527 1,77C�,641
Due to otha� govcrrner►ts 32.006 73,b30 19�606 98�982 224,224 361,436
Accnied experses/expmditures 184,815 38,�0 713,615 417,047
Cmstruction ]oan peyahle 132.493 132,493 2,509.642
Reverue bor.cls peya6le 440,000 440,000 480,000
Genaal obligation bonds payab]e �3,040,000 3,040,000 3,235.OQ0
Special ass�.�nts bonds payahle 4,��000 4 1
Qistams and cancractor deposits 12,�10
�sess�,nts an CitY P�P�Y 193 3 193.306 177,960'
Total Liabilities S�+.� S 39.�J2 1,898 868.147 54.382.T28 a 1,045,77G S10fi.239 -0- 53.233.306 10 138 341 11 539 171
F�nd it
Conuibuted capital $10,214�999 $10�214,999 $10�158,862
Invested in gene'al fizad essets x22.859,192 22�859,192 21�9�Y+.475
o Retained earrungs:
Re.served:
Restricted agsets 387.143 387.143 665.332
4bt teticenent 133,365 133.365 135.2�
Caistruction 102,585 102,585 92.139
WQidng capital b20�000 GZO 620�000
[Inrescr�ed:
Iksigh�ted for plant expens,ion• 4,OOO,QOD 4,Q00,000 4,OOU�(10D
Z�lqq�736 2,199.736 .1�D4,33D
Undesigna[ed
Find Balances:
Fncunbrances a6.447 26,447 4,924
D�bt service (Notes 2.16) �+10.27C) S (284,413) (959.490)
$1.197.190 49.512
1 1.265,346
lh►re.saved:
D�ig�ated far caitributias $614,9� 614�9� 504.281
�g 2,810,� 309,284 195,7�'L 3,215,943 6.531,487 6,797.966
Total Fu�d it 2$ .8�.915 L9'� 4,2Ef' 6�06 062 �+,413,133 $(645.171 $17,b57,828 E -0- �12.859.192 S �+8.b52.223 3�,553.445
'IUI'AI. LIABII.1fIFS AND FIA�ID H�llI1Y �3�300.966 �963.466 5�7�960 a5.281,2� $3.737.557• $38.7�3.b04 $1Q3.239 5��859�192 $3�?33�306 �58.790.56�+ 5�.�.
(See notes W fin�eial staterents)
City of Brooklyn Center EXHIBIT 2
All Governmental Fund �pes
OOMBINED STATEMENT OF REVENUE, EXPEAiDITURES AND CHANGES IN FUND SALANC'�S
Year Ended December 31i 1982
(Memorandwn Only)
Special Debt Capital Special Totals
General Revenue Service Proiects Assessments 1982 1981
Revenues
Taxes and special assessments (current year) $1,935,403 $368,001 876�473 a3,179,877 $3,010.564
Licenses and permits 249,015 249,015 207,100
Intergovernmental 2.213,486 �415,318 27,390 458,096 3,114,290 3.724,683
Charges.for services 790,333 34�619 824,952 753,926
Court fines 146,204 146,204 111,596
Interest 123,193 53�773 445,805 347,599 970�370 755,690
Miscellaneous 195,945 40,813 236.758 688,695
Total Revenues $5,530,386 $573,130 $449,164 944.714 �1.224.072 �8,721.4f�6 �9,252,254
Exoenditures
Current:
General government $1,007,7$1 �105,021 $1,112,802 910.131
Public sa�£ety 1�901,839 1,901,839 1�5$8,149
Streets and highWays 1,213,941 1,213,941 1,176,447
Community health services 36,244 36,244 39,385
Parks and recreation 1,122,299 1,122,299 1,162,878
N Non-Departmental 247�755 1,898 249,653 497.292
Capital outlay a1,132,585 578�800 1,711,385 2�130,677
Debt service:
Principal retirement 195,000 195,000 185,000
Interest and fiscal charges 224,497 106,971 331,468 350,762
Total E�nditures $5,529,859 S105,021 $421,395 51.132,585 685,771 $7,874,631 $8,040.721
Excess (Deficiency� of Revenues over Expenditures 527 $468.109 27,769 $(187,781) 538,301 S 846.835 $1,211.533
Other Financin� Sources (Uses)
Operating transfers in (Note 9) 407,309 70,192 207,231 93,076 777,808 $1.611,213
Operating transfers out $(514,540 (163,268) (677,808) (1.272,805)
Total Other Sources (Uses) a 407,309 $(514,540 a 70,192 43,963 93.076 100,000 S 338,408
Excess of Revenues and Other Sources Over
(Unde� Expenditures and Other Uses 407,836 $(46,431) 97,961 $(143,908) a 631,377 946,835 $1,549.941
Fund Balance January 1 3,127,340 970,695 508,101 3,957,041 (1,276,548) 7,286,629 5,736,688
Residual transfers (out) in (Note 9) (600,000) 600�000 -0-
Prior period adjustment (98,261) (98.261)
Fund Balance December 31 $2.836,915 $924,264 a606,062 $4,413,133 s(645,171) $8,135,203 $7�286,629
_�__ssa sas�a-�- a:asssas
(See notes to financial statements)
i
CitY of &odcim Centec' ��T 3
W�BIl� STA'IYTgM' QF REUFIVI&5. F��TIDT1lR6 Alm
�IAIJ� IN �ID BAIAI� BW(EI' (GAAP BASIS) AAID A�IIW..
Genaal and Soecial Rev�ecue F�nds�
Year Fnded Deoemb� �,198�
Totals
Genaal. Fu�d Svec�fal Reupn�e Fu►ds (M�d�m Q�1Y)
o� a� a� n�a,� a�
Budget nctaat (tkider) Bud�et Bu�et nctuat (lk�s) Budget Bucbzet ncwat (Under) audget
Re�enues
Tazes 51�955,7G0 $1,935.4Ca (1p,357) 51�955.760 $1,935�4� (Z0.357)
Li�rnes and perndts 222.30� ?1a9,015 �6,715 ??'1�300 249�015 26�715
InterBoverrmental 2,305,ffl0 2,213,486 (92��Y+) $�+15,318 $�+15,318 S�. 2.721,0� 2,628.8D4 (92.�Y+) I
Qrarges for s�svioes 6b8,969 79D,333 131,364 34,619 34,b19 -0- 693,588 82�,952 131,364 I
Coist finES 12�,000 146,7A4 26,204 '12�,000 146,�Ya 26,3Y+
htiscellaroous 113,800 195,945 82,145 1?3,193 123,193 236.993 319,138 �82.145
Total Re�e►ues 376 519 $5,53�,�6 E 153,867 $573.1'� 5573.130 -a $5,949,649 $6.103,516 153,867
Fxpenditurns
CLrrent: i
c�,�� ����c �$i,oea,no $i,orn,�ai c�,�> sia�,a¢i �io�,a¢i a si,ie�,Ai $i,ii2,eoz c�,�)
1,947,594 1,901,�39 (45,755) 1,947,594 1,901,�39 (45,755)
Puhlic safety 1,310,331 1�213.941 (96.390)
Streets a�d higtnays 1,310,331 1,213,941 (96.390)
Cair�nnity he+alth sPSVioes 37, 567 36, 244 (1, 3�3) 37.567 36.244 (1 3�3) I
Parks and recreation 1.183,179 1,171,299 (60.8�) 1;1$i,179 1.122,299 (6D.8�)
�p���� 359.927 247.755 (112.172) 359.927 247,755 (112.172)
Total flcPe�ditures �5,923,368 $5,529,ffi9 (393,� $105.�1 $1Q5,C�1 -0- $6.�8,389 55.634.880 (393.509)
N
N Fx�cess (Ikficiercv�of Revenues Ova Fx�ndiGUes, S(546,849 527. 547,376 $468,109 �468,109 S(78,� 468,636 547,376
Other Firqrcin� Sauroes Nses)
Operating transfers in a.�,8� a 4rn,� a e�,�> s�,�►9 $�en,� s e�.��.
Operating rrarsfers out 514 540 514 540 $-a (514,� (514,YA) -4-
Fxcess of Reveraies and Ot1� SaroPS Ov�
�x�ncfitucrs and Ott�er Uses 407�83b 407,836 $(46,431) �(46�431) -0- (46.431) 361�405 S 407.R36
Fu�d &31arce Jarniary 1 3,127,340 3�127,340 970,Efl5 970,Efl5 4,098,(S�5 4,098,0f35
�esidual trarLSfas Zout) in (bQ0,000) (600�OOD)
Prior perind adjasrnent (96 261 (98,261 (9iB.261) (98,261)
F�nd Balarce Decenba� 31 $2.527,340 $2�836�915 309.575 S9?1+,26�+ S91J+.a64 $-4- 53.451,604 $3�7i61�179 309.575
(See notes to fi,�azrjal stateients)
City of Brooklyn Center EXHIBIT 4
Proprietary Funds
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGFS IN RETAINED EARNINGS
For the Year Ended December 31, 1y8�
With Comparative Totals for Year Ended December 31, 1981
Municipal Public
Liquor Utilities Total
Fund Fund 1982 1981
O�eratin� Revenues
Gross Margin on product sales $501,709 501,709 509,407
Charges for services $1,521,676 1,521,676 1,518,638
Total �erating $501,709 $1,521,676 $2,023,385 $2,028,045
O�eratin� Expenses
Personal services $238,934 239,659 478,593 350,817
Contractual services 110,806 879,233 990,039 1,063,446
Supplies and materials 13,601 62,734 76,335 42,448
Heat, light, power 20,983 110,977 131,960 78,696
Depreciation 12,959 191,423 204,382 197,602
Other 9,911 217 10,128 5,687
Total Operatin� Expenses $407,194 $1,484,243 $1,891,437 $1,738,696
O�eratinp� Income 94,515 37,433 131,948 289,349
Non-OperatinQ Revenues (Expenses)
Interest earned 6,043 720,377 726,420 655,748
Other revenue (expense) 1,614 (61,266) (59,652) 108,433
Interest and fiscal�agent fees (18,782) (18,782) (20,343)
Non-Operatin� Totals 7,657 640,329 647,986 743,838
Overating Transfers (Out) $(100,000) (100,000) (125,000)
Net Income 2,172 677,762 679,934 908,187
Retained Earnin�s January 1 •240,874 6,546,207 6,787,081 5,878,894
Prior period adjustment (Note 16) (11,526) (12,660) (24,186)
Retained $231,520 $7,211,309 $7,442,829 $6,787,081
(See notes to financial statements)
-23-
City of Brooklyn Center EXHIBIT 5
Proprietary Funds (Continued next page)
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1982
With Comparative Totals For the Year Ended December 31, 1981
Municipal Public
Liquor Utilities Totals
Fund Fund 1982 1981
Sources of Financial Resources
Operati.ons:
Net income for year 2,172 $677,762 $679,934 908,187
Add: Items not requiring current
outlay Depreciation 12,959 191,423 204,382 197,602
Total Resources Provided
Operations 15,131 $869,185 $884,316 $1,105,789
Contributions toward construction 56,137 56,137 56,512
Decrease in M.W,C.C. receivable 9,274 9,274 8,866
Property sold 2,188
Decrease in retirement investments 1,915 1,915
Total Sources 15,131 $936,511 $951,642 $1,174,355
Uses of Financial Resources
Purchase of properties 213 $749,906 $750,119 499,011
Depreciation on property sold 2,188
Payments to retire bonds 40,000 40,000 40,000
Increase in restricted investments 222,787
Amortization of deferred gain on
sale of assets 3,284
Construction f unds invested 10,446 10,446 9,157
Amortization of M.W.C.C. deferred credit 8,866
Increase in assessments receivable deferred 17,305 17,305 30,608
Debt retirement investments purchased 3,795
Total Uses 213 $817,657 $817,870 819,696
Net Increase (Decrease) in Working Capital 14,918 $118,854 $133,772 354,659
-24-
City of Brooklyn Center EXHIBIT 5
Pro�rietary Funds (Continued from prior page)
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1982
With Comparative Totals For the Year Ended December 31, 1981
Municipal Public
Liquor Utilities Totals
Fund Fund 1982 1981
Elements of Increase (Decrease)
in Workinp� Capital
Temporary investments (6,725) $397,614 $390,889 444,577
Accounts receivable (4,516) 7,744 3,228 1,241
Assessments receivable 835 835 (6,266)
Due f rom other funds (120) 12,096 11,976 (846)
Due from other governments (40,631) (40,631) 32,206
Inventories (9,606) (3,124) (12,730) (9,671)
Prepaid expenses 2,966 3,537 6,503 26,065
Accrued revenue (27,991) (27,991) 65,991
Accounts payable 43,735 (10,664) 33,071 43,490
Contracts payable 64,868 64,868 (185,316)
Due to other funds (7,261) (292,909) (300,170) (44,901}
Due to other governments (12,874) 11,781 (1,093) (18,513)
Accrued liabilities 9,319 (4,302) 5,017 6,602
Net Increase (Decrease) in Working Capital 14,918 $118,854 $133,772 354,659
(See notes to financial statements)
25-
City of Brooklxn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 1: Summary of SiRnificant Accountinp� Policies
A. Fund Accounting
The accounts of the City are organized on the basis of funds and
account groups, each of which is considered a separate accounting
entity. The operations of each fund are accounted for with a separate
set of self-balancing accounts that comprise its assets, liabilities,
fund equity, revenues, and expenditures, or expenses, as appropriate.
Government resources are allocated to and accounted for in individual
funds based upon the purposes for which they are to be spent and the
means by which spending activities are controlled. The various funds
are grouped, in the financial statements in this report, into seven
generic fund types and three broad fund categories as follows:
i
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 acquisition 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.
-26-
City of Brooklyn Center
NOT'ES TO FINANCIAL STATEMENTS
December 31, 19$2
Note 1: Summary of Significant Accounting Policies (continued)
PROPRIETARY FUNDS
Enterprise Funds Enterprise Funds are used to account for operations
that are financed and operated in a manner similar to private business
enterprises where the intent is that the costs (expenses, including
depreciation) of providing goods or services to the general public on a
continuing basis be financed or recovered primarily through user
charges.
FIDUCIARY FUNDS
Agency Funds Agency Funds are used to account for assets held by the i
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 f unds are accounted for on a spending or
"financial flow" measurement, which means that only current assets and
current liabilities are generally included on their balance sheets.
Their reported fund balance is considered a measure of "available
spendable resources". Governmental fund operating statements present
increases (revenues and other financing sources) and decreases
(expenditures and other financing uses) in net current assets.
Accordingly, they are said to present a summary of sources and uses of
"available spendable resources" during a period.
Fixed assets used in governmental fund type operations are
accounted for in the General Fixed Assets Account Group, rather than in
the governmental funds. Public domain general fixed assets consisting
of certain improvements other than buildings, including roads, curbs
and gutters, streets and sidewalks, drainage systems, and lighting
systems, are capitalized along with other general fixed assets. No
depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated
historical cost if historical cost is unavailable. Donated fixed
assets are valued at their estimated fair value on the date donated.
-27-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
1
Note 1: Summary of Significant AccountinQ Policies (continued)
r
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
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 special assessments are recorded
as contributions.
Long-term liabilities expected to be financed from governmental
funds are accounted for in the General Long-Term Debt 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 operations. 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 liabilities. Since they do not affect net
current assets, such long-term accounts are not recognized as
governmental type expenditures or f und liabilities. They are instead
reported as liabilities in the General Long-Term Debt Account Group.
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or
expenses are recognized in the accounts and reported in the financial
statements. Basis of accounting relates to the timing of the
measurement made, regardless of the measurement focus applied.
-28-
City of BrooklYn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 1: Summary of SiQnificant Accountinp� Policies (continued)
Al1 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 inter-
mediary collecting governments and are recognized as revenue at that
time. Anticipated refunds of such taxes are recorded as liabilities
and reductions of revenue when they are measurable and their validity
seems certain.
Expenditures are generally recognized under the modified 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 accounted for using the accrual basis of
accounting. Their revenues are recognized when they are earned, and
their expenses are recognized when they are incurred. Unbilled Water
and Sewer Fund utility service receivables are recorded at year end.
D. Bud ets and Budgetary Accounting
R
The City follows these procedures establishing the budgetary data
reflected in the financial statements:
1. By the first regular Council meeting in September, the City
Manager submits to the City Council a proposed operating budget
for the fiscal year commencing the following January. The opera-
ting budget includes expenditures and the means of financing them.
2. Public hearings are conducted to obtain taxpayer comments.
3. The budget is 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 budgeted amounts
between departments within any fund.
29-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 1: Summary of SiQnificant Accounting Policies (continued)
D. BudQets and BudQetary Accountinp� (continued)
5. Supplemental appropriations may be made during the year by the
1 City Council. These amounts must be financed by f unds 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 budgetary integration is not employed for
Debt Service Funds because effective budgetary control is
alternatively achieved through general obligation bond indenture
provisions. Budgetary control for Capital Projects 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 accepted accounting
prinicples (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 directions.
10. Budgeted amounts are as originally adopted, or as amended by
the City Council. Individual amendments were not material in
relation to the original appropriations.
E. Investments
Investments are stated at cost, which approximates market. Cash
balances from all funds are pooled and invested, 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.
i
1
-30-
City_ of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 1: Summary of SiQnificant AccountinQ Policies (continued)
F. Inventory
Inventories within the Water and Sewer Fund and the Municipal
Liquor Stores Fund are valued at the lower of cost (first-in, first-
out) or market. Inventory quanitities are determined by utilizing
physical counts.
G. Encumbrances
Encumbrances accounting, under which purchase orders, contracts,
and other committments for the expenditure of monies are recorded in
order to reserve that portion of the applicable appropriation, is
employed. Encumbrances outstanding at year end are reported as
reservations of fund balances, since they do not constitute
expenditures or liabilities.
H. Comparative Data
Comparative totals for the prior year have been presented in the
accompanying financial statements in order to provide an understanding
of changes in the City`s financial position and operations. However,
comparative (i.e., presentation 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
Only to indicate that they are presented only to facilitate financial
analysis. data in these columns do not present financial position,
results of operations, or changes 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.
-31-
i
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 1: Summary of SiQnificant Accountin� Policies (continued)
J. Property Tax
The City Council annually adopts a tax levy and certifies it to
the County for billing and collection. The County is responsible for
billing and collecting all property taxes for itself, the City, the
local School District and other taxing authorities. These taxes are
payable (by property owners) by May 31 and October 31 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
I 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 in
July through December each year.
The City recognizes property tax revenue when it becomes both
measurable 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 State Statutes. The City usually adopts the assessment
rolls when the individual projects are complete or substantially
complete. 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 interest) is handled by
the County in the same manner as property taxes. Property owners are
allowed to prepay total future installments without interest or pre-
payment penalties.
The City recognizes special assessment revenue when it becomes
both measurable and available to finance honded debt.
-32-
NO� Cit of Brookl� Center
O�II�ANCIAT� STATEMENTS
December 31, 1982
Note 1: Summary of SiRnificant 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 excessive by the City Council or
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 i
Local government aid is provided to the City 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. i
M. Grants
The City receives various Federal, State and other grants, the
purpose of which is to fund specific City expenditures.
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.
N. Severance and Vacation Pay Policies
The City pays employees severance pay upon termination of employ-
ment based on accumulated sick leave and accrued vacation. At December
31, 1982, the City had a liability of $130,003 for accrued vacation pay
and a liability of $207,144 for accumulated sick leave.
_33_
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 2: Chan�es in Long-Term Debt
The following is a summary of bond transactions of the City for
the year ended December 31, 1982:
Debt Public Special
Service Utilities Assessments
Fund Fund Fund Total
Bonds payable
January $3,235,000 $480,000 $1,935,000 $5,650,000
Bonds issued 2,625,000 2,625,000
Bonds retired (195,000) (40,000) (360,000) (595,000)
Bonds Payable
December $3,040,000 $440,000 $4,200,000 $7,680,000
$410,270 is available in Debt Service Funds for payment of General
Obligation Bond principal and interest.
General ObliQation 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 bon�s 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 outstanding bonds.
Note 3: Public Utilities Fund
Public Utilities Revenue bonds were issued during 1963 to finance
an addition to the water works system. These bonds, together with
related interest and service charges, are payable solely from the
operations of the Public Utilities Fund and are not a generaly
obligation of the City. The resolution authorizing and directing the
-34-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 3: Public Utilities Fund (continued)
issuance of these bonds contain covenants and restrictions enacted for
the purpose of protecting the bondholders' interest. Paragraph 8 of
the resolution provides for the segregation of assets and the
appropriation of retained earnings for debt retirement purposes and
defines the manner of accounting for the activities of the Public
Utilities Fund.
As required by Paragraph l0e of the issuing resolution, an
analysis of each account balance appears as follows:
Construction Account
Proceeds of bond sale $1,000,000
Add: Investment earnings through 1981 367,�b'l�
1982 Investment earnings 10,446
Total Investment Earnings 377,521
Deduct: Construction expenditures through 1981 $1,274,936
Total construction expenditures 1982 -0-
Tota1 Construction Expenditures $1,274,936
Construction Account Balance 102,585
_____________________n�====_
Debt Retirement Accou
Accumulated amounts set aside to meet 1983
requirements for interest and principal:
Investments with accrued interest 58,365
Reserve account investments 75,000
Total Debt Retirement Account 133,365
A summary which reconciles restricted assets with earnings and
also compares appropriated earnings with restriction requirements as
set forth by the resolution authorizing the sale of revenue bonds is
presented as follows:
Revenue
Construction Bond Reserve
Account Account Account
Restricted Assets 12/31/82 $102,585 58,365 75,000
A ro riated Earnin s at 12/31/82 $102,585 58,365 75,000
PP P 8
-35-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 3: Public Utilities Fund (continued)
All bonds which mature on January l, 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
interest and premium as f ollows:
If redeemed January l, 1981, or thereafter no premium.
Since 1963 the Public Utilities Fund has been accumulating cash
for the purpose of improving the water supply system for the residents
of the City. Present plans for expansion include capital outlays of
$2,360,000 for new wells and distribution system improvements;
$2,500,000 for the construction of a 2 1/2 million gallon ground
storage reservoir system; and an additional $12,500,000 if a water
treatment plant is added. To date $3,700,000 has been accumulated and
set aside for partially meeting the financial requirements for the
planned expansion.
Since the inception of the system, the Public Utilities Fund has
also been accumulating cash for the purpose of improving the sanitary
sewer system which serves the residents of the City. Present plans
include capital outlays of $350,000 for Lift Station improvements
including installation of alarm systems and standby power installa-
tions. An "Infiltration and Inflow" analysis study was completed in
1982. It is anticipated that this study will include recommendations
for the correction of defective segments of the sanitary sewer system.
In addition, the City plans to purchase new sewer cleaning equipment
during 1982-83 at an estimated cost of $120,000. To date, $300,000 has
been accumulated and set aside for partially meeting the financial
requirements for these planned improvements.
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 Wate Control Gommission as of
January 1, 1971, assumed ownership of all existing interceptors and
treatment works needed to implement a comprehensive plan for the
collection, treatment, and disposal of sewage in the seven county
metropolitan area.
-36-
i
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1982
Note 4: Public Utilities Fund Metro Waste Control C.ommission
Receivables and Reserves (continued)
Under the terms of the Act, the Commission is obligated to reim-
burse each local government for the cost of facilities acquired. This
cost or purchase price of facilities is based on depreciated replace-
ment cost value as of December 31, 1970 as determined by cost analysis
and engineering studies. This current value receivable is to be paid
by the Metropolitan Waste Control Commission over a period of 30 years
and the amount 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.'
The installment credit for 1982 consisted of principal and
interest and the amount of credit offset against 1981 sewer service
billings totaled $9,274, leaving a balance due over the next 20 years
of $228,102 as adjusted by the M.W.C.C.
Note 5: Special Assessment Funds
Special assessments which related to improvements benefiting City-
owned properties total $193,306 as of December 31, 1982. The payment
for these improvements (with no interest charge) has been scheduled
over a period extending through 1985. 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 volunteer 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, S.S� to 12�
($295,700 for 1982) of its employees' salaries to this plan, and
part of that contribution covers previously unfunded amounts. The
City contributed $136,062 for 1982 to the Public Employees'
Retirement Plan for FICA.
_3?_
City of Brookl�n Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 6: Pension Plans and Pension Funds (continued)
Actuarial Valuations of Plan Benefits are as follows:
(Per PERA report of 6/30/82)
L a. Minnesota Statutes Section 356,215 Subd. 4 rovides
P
that actuarial valuations of plan benefits shall be computed
in accordance with the entry age normal cost (level normal
cost) method. In the calculation 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.
b. The unfunded accrued liabilities of $368,770,702 in the
Public Employees' Retirement Fund and $13,260,428 in the
Police and Fire Fund as of June 30, 1982, are the amounts by
which reserves required to fund plan benefits 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, 2009.
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 employer
contributions and income from investment of fund assets.
Public Employees Retirement Fund members belong to either the
Basic or Coordinated Plan. Coordinated 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 8� 8� 2 1/2�
Coordinated Plan 4� 4� 1 1/2�
Police and Fire Fund 8� 12�
38-
i
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 6: Pension Plans and Pension Funds (continued)
2. The City contributes to the Brooklyn Center Firemen'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. Acturial studies of retirement needs
are made periodically to determine the contributions to the
Association. According to a study dated December 31, 1980, the
Association had an unfunded accrued liability of $404,597. In
order to maintain the current level of benefits, annual payments
of $69,904 are required to pay current benefits and retire the
unfunded liability in 20 years. Currently no ad valorem tax is
necessary.
Note 7: Investment Trust
The Investment Trust was established in 1965 by Council action to
provide a uniform and consistent method of investing 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 maintained 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
1982 11.34� 1,846,622
1981 11.05� 1,622,451
1980 8.87� 1,156,460
1979 8.45� 978,180
1978 7.66� 766,349
1977 7.11� 637,855
1976 6.86� 592,363
1975 7.15� 554,696
1974 7.66� 503,710
1973 6.63� 391,221
1956-1972 2.77� 6.66� 1,728,379
Total Disbributed Earnings 1956 1982 $10,778,286
i
1
-39-
i
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 8: �ency Funds
The Brooklyn Center Housing and Redevelopment Authority is a
separate entity from the City. The City receives an ad valorem tax
which is remitted to the Authority.
Note 9: Interfund Receivables and Payables
Individual interfund receivable and payable balances at December
31, 1982 were as follows:
Inter-Fund Inter-Fund
Fund Receivables Payables
General Fund 80,649 52,797
Lawcon Fund 12,750
Capital Projects Fund 384,002 81,659
Municipal State Aid for Construction Fund 57,165
Special Assessments Funds 63,030 14,653
Municipal Liquor Fund 10,000
Public Utilities Fund 12,096 336,253
$552,527 $552,527
1 Inter-Fund Transfers In Out
Operating Transfers:
I General Fund $407,309
Federal Revenue Sharing $307,309
Lawcon 207,231
Debt Service State Aid Bonds 70,192
Capital Projects Fund 207,231
Municipal State Aid 163,268
Special Assessments 93,076
Municipal Liquor 100,000
$777,808 $777,808
Residual Transfers: Y
General Fund $600,000
Capital Projects Fund $600,000
-40-
i
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 10: Special Revenue Funds
Federal Revenue Sharing grants for the year ended December 31,
1982, by the entitlement period are as follows:
Entitlement Period/Quarter Amount
13 2,3,4 $151,244
14 1 38,043
Total $189,287
Note 11: ContinQent Liabilities
The City participates in a number of federally assisted grant
programs, principal of which are the General Revenue Sharing, Community
Development Block Grant, and Local Public Works programs. These
programs are subject to program compliance audits by the grantors or
their representatives. The audits of these programs for or including
the year ended December 31, 1982 have not yet been conducted.
Accordingly, the City's compliance with applicable grant requirements
will be established at some future date. The amount, if any, of
expenditures which may be disallowed by the granting agencies cannot be
determined at this time although the City expects such amounts, if any,
not to be material.
Note 12: Changes in Fixed Assets
General Fixed Assets
Balance Balance
January 1, Acqui- December 31,
1982 sitions Disposals 1982
Land 996,487 996,487
Buildings 3,750,381 3,750,381
Park properties 2,653,574 $128,654 2,782,228
Furniture 372,598 10,331 382,929
Departmental equipment 2,148,967 275,068 2,424,035
Storm sewers and
streets 12,072,468 450,664 12,523,132
Total General Fixed Assets $21,994,475 $864,717 -Q- $22,859,192
-41-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 12: Chan�es in Fixed Assets (continued)
Utility Plant in Service
Balance Transfers Balance
January 1, and December 31,
1982 Additions Disposals 1982
Water Department
Mains and lines 5,894,742 28,944 5,923,686
Structures 1,363,745 1,363,745
Equipment 134,238 3,791 138,029
Land 24,816 24,816
Total Water Department 7,417,541 32,735 -0- 7,450,276
Sewer Department
Mains and lines 4,870,261 4,870,261
Structures 718,566 24,214 742,780
Equipment 134,237 3,792 138,029
Land
Total Sewer Deuartment 5,723,064 28,006 -0- 5,751,070
Construction in
Progress 87,219 $689,165 -0- 776,384
Totals $13,227,824 $749,906 -0- $13,977,730
Liquor Fund Fixed Assets
Balance Balance
January 1, December 31,
1982 Additions Disposals 1982
Land 5,898 5,898
Equipment 135,255 213 135,468
Leasehold 56,197 56,197
Totals 197,350 213 -0- 197,563
-42-
City of Brooklvn Center
NOTES TO FINANCIAL STATFMENTS
December 31 1982
Note 13: Summarv_ of Debt Service Requirements to Maturity
General Obligation General Obligation Total Debt
General ObliRation Bonds Special Assessment Bonds State-Aid Street Bonds Water Revenue Bonds Service Requirement
Year Principal Interest Principal Interest Principal Interest Princi�al Interest Principal Interest
1983 S 180,000 176,480 345,000 227�830 60.000 a 33.750 40�000 E 17,160 S 625�000 455.220
1984 195.000 164�050 650,000 275,279 60,000 29,940 40,000 15,600 945,000 484.869
1985 195,000 150,495 440,000 238,575 60.000 26.070 45,000 13.991 740,000 429�131
1986 210,000 136�520 325.000 210,935 60,000 22,140 45.000 12.28� 640,000 381,880
1987 220�000 121,420 315.000 189,795 60,000 18,165 45.000 10,530 640.000 339,910
1988 240,Q00 105,520 30f1,000 168,620 60,000 14�160 65,000 8.775 645,000 297.075
1989 250�000 88,670 280,000 147,480 60�000. 10.125 45,000 7,020 635,000 253,295
1990 120,000 71,100 260,000 126.980 60,000 6�075 45,000 5�265 485.000 209�420
w
1991 280,000 56,420 260,000 107,070 60,000 2,025 45,000 3.510 645.000 169.025
1992 300,000 34,810 200,000 88�150 45,000 1,755 545�000 124�715
1993 310,000 11,780 175,000 71,387 485,000 83,167
1994 175�000 55,200 175,000 55,200
1995 175,000 38�488 175�000 38.488
1996 150,000 22.500, 150.000 22�500
1997 150,000 7,500 150,000 7,500
$2,500,000 $1,117.265 $4�200,000 $1,975�789 $540,000 $1b2�450 $440,000 S 95.891 57.680.000 $3.351,395
�a��
r
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 14: Additional Se�ment Information
Public Municipal
Utilities Liquor
Fund Fund Total
Net working capital 2,408,470 $181,557 2,590,027
Total equity 17,426,308 231,520 17,657,828
Current capital contribution 56,137 56,137
f Note 15: 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 of its officers, and are not a charge against the City's general
credit and/or taxing powers.
The City of Brooklyn Center has issued the following Industrial
Development Revenue Bonds:
Year Amount
Company Issued Issued
Metronics, Inc. 1979 $1,000,000
Minnesota Municipal Leasing Corporation
(LOGIS) 1979 800,000
Cass Screw Machine Products 1980 750,000
Commercial Partners/Brookdale 1980 6,200,000
S& S Real Estate (Swenson's Carraige
House) 1980 750,000
Brookdale Office Park Partners 1981 8,000,000
shingle Creek Eleven Project 1981 1,600,000
Federal Lumber 1981 1,500,000
Brookdale Corporate Center I 1981 7,550,000
Shingle Creek Development Company 1982 2,172,150
The following Industrial Development Revenue Bonds have been
approved, but not yet issued:
Ryan Construction Co. (Byerly's) $10,000,000
Brookdale Corporate Center II 8,790,000
-44-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1982
Note 16: Prior Period Adjustments and Restatements
These statements were adjusted to comply with N.C.G.A. statements
#1, #4, and S.F.A.S. 43 of the Financial Accounting Standards Board as
follows:
1. Deferred special assessments were removed from all modified
accrual basis funds (Special Assessment Funds and Special Revenue
Funds for 1982 and 1981 in the amounts of $3,808,547 and
$4,104,828, respectively).
2. Vacation and sick pay accruals were recognized for 1982
currently in the Enterprise Funds and the General Fund. January 1
Retained Earnings and Fund Equities were adjusted for accruals
relating to prior periads. Accruals in the General Fund which
were not considered current are reported in the General Long-Term
Debt Account Group. Enterprise Fund statements for 1981 were not
restated because the amounts involved were not considered
material.
-45-
City of Brooklyn Center, Minnesota
GENERAL FUND
The City of Brooklyn Center Home Rule Charter provides in Section 7.11 that
"there sha11 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 forf eits,
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 in which the related liability is incurred.
City of Brooklyn Center A-1
General Fund
COMPARATIVE BALANCE SHEET
December 31, 1982 and 1981
Totals
1982 1981
ASSETS
Cash 595 42,102
Temporary investments 2,826,786 1,804,784
Accounts receivable 3,685 8,495
Taxes receivable 248,320 200,771
Due from other funds 80,649 621,914
Due from other governments 31,892 638,182
Inventory of supplies 48,600 61,381
Prepaid insurance 60,433 77,352
TOTAL_ASSETS $3,300,960 $3,454,981
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable 193,896 100,413
Contracts payable 32,537
Due to other funds 52,797 125,601
Accrued salaries payable 184,815 101,627
Total Liabilities 464,045 327,641
Fund Balance
Reserve for encumbraces 26,4l+7 4,924
Unreserved fund balance 2,810,468 3,122,416
Total Fund Balance $2,836,915 $3,127,340
TOTAL LIABILITIES AND FUND BALANCE $3,300,960 $3,454,981
(See notes to financial statements)
1
-46-
City of Brooklyn Center A-2
General Fund
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
F'UND BALANCE BUDGET (GAAP BASIS) AND ACTUAL
Year �,`nded December 31 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982 1981
Actual Over
BudQet Actual (Under) Budget Actual
Revenue
Ad valorem taxes $1,955,760 $1,935,403 (20,357) $1,655,642
Licenses and permits 222,300 249,015 26,715 207,100
Intergovernmental 2,305,690 2,213,486 (92,204) 2,388,848
Charges for services 658,969 790,333 131,364 728,828
Court fines 120,000 146,204 26,204 111,596
Miscellaneous 113,800 195,945 82,145 188,284
Total Revenue $5,376,519 $5,530,386 153,867 $5,280,298
Expenditures
General government $1,084,770 $1,007,781 (76,989) 910,131
Public saf ety 1,947,594 1,901,839 (45,755) 1,588,149
Streets and highways 1,310,331 1,213,941 (96,390) 1,176,447
Community health services 37,567 36,244 (1,323) 39,385
Parks and recreation 1,183,179 1,122,299 (60,880) 1,162,878
Non-Departmental 359,927 247,755 (112,172) 197,790
Total Expenditures $5,923,368 $5,529,859 (393,509) $5,074,780
Excess (Deficiency) of
Revenues Over Expenditures $(546,849) 527 547,376 205,518
Other FinancinR Sources (Uses)
Operating transfers in 546,849 407,309 $(139,540) 544,965
Operating transfers out (250,000)
Total Other Financing
Sources (Uses) 546,849 407,309 (139,540) 294,965
Excess (Deficiency) of Revenues and
Other Financing Sources Over
Expenditures ancl Other (Uses) -0- 407,836 407,836 500,483
Fund Balance January 1 3,127,340 3,127,340 2,626,857
Prior period adjustment (98,261) (98,261)
Residual transfers:
To Capital Project Fund (600,000) (600,000)
Fund Balance December 31 $2,527,340 $2,836,915 309,575 $3,127,340
T See notes to financial statements
-47-
City of Brooklyn Center A-3
General Fund (Continued next page)
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJECTIVE CLASSIFICATION
For the Year 1982 with Compartive Actual for 1981
1982 1981
Actual Over
Budget Actual (Under) BudQet Actual
Ad Valorem Taxes
Real estate taxes $1,885,760 $1,885,760 -0- $1,620,631
Penalties and interest 70,000 49,643 (20,357) 35,011
Total Ad Valorem Taxes $1,955,760 $1,935,403 (20,357) $1,655,642
Licenses and Permits
Liquor and beer 65,600 122,026 56,426 66,421
Building permits 60,000 41,803 (18,197) 60,311
Mechanical permits 25,000 12,174 (12,826) 17,121
Electrical permits 15,000 9,243 (5,757) 11,660
Food licenses 11,000 12,036 1,036 11,377
Plumbing permits 10,000 5,278 (4,722) 8,478
Rental dwelling permits 11,000 10,801 (199) 8,213
Sewer and water permits 7,500 4,870 (2,630) 4,200
Dog licenses 3,500 4,220 720 4,285
Swimming pool licenses 2,500 2,719 219 2,869
Service station licenses 1,400 1,808 408 1,540
Mechanical licenses 3,000 2,772 (228) 2,251
Miscellaneous business licenses 900 3,798 2,898 2,382
Garbage licenses 1,300 1,280 (20) 1,290
Vehicle dealer licenses 900 900 -0- 922
Cigarette licenses 1,100 936 (164) 728
Sign permits 300 495 195 1,218
Taxicab licenses 500 500 -0- 50
Bowling licenses 700 460 (240) 700
Lodge establishments 400 497 97 489
All other licenses and permits 700 10,399 9,699 595
Total Licenses and Permits 222,300 249,015 26,715 207,100
InterQovernmental
Federal grants:
Civil defense 14,530 18,610 4,080 10,063
Total Federal Grants 14,530 18,610 4,080 10,063
State grants:
Miscellaneous small grants -0- 6,414 6,414 3,966
Tota1 State Grants �-0- 6,414 6,414 3,966
-48-
City_ of Brooklyn Center A-3
General Fund (Continued next page)
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJEGTIVE CLASSIFICATION
For the Year 1982 With Comparative Actual for 1981
1982 1981
Actual Over
Budget Actual (Under) Budget Actual
InterQovernmental (continued)
State shared taxes:
Local government aid $1,447,611 $1,416,015 (31,596) $1,502,899
Reduced assessments 13,443 13,443 -0- 11,563
Homestead credit aid 666,425 610,398 (56,027) 735,216
Fixed machinery tax 1,500 1,357 (143) 926
Police pension aid 83,000 79,329 (3,671) 75,568
Firemen pension aid 79,181 67,920 (11,261) 48,647
Total State Shared Taxes $2,291,160 $2,188,462 (102,698) $2,374,819
Total InterQovernmental
Revenue $2,305,690 $2,213,486 (92,204) $2,388,848
CharQes for Services
Inter-Fund charges
Administration:
Public Utility Fund 97,000 99,814 2,814 86,096
Liquor Fund 32,514 31,683 (831) 27,480
Other Funds 2,000 2,180 180 1,880
Engineering and clerical fees 50,000 154,009 104,009 137,441
General government charges 16,500 19,357 2,857 24,431
Public safety charges 8,600 13,424 4,824 8,555
Recreation fees 452,145 468,503 16,358 442,640
Other charges 210 1,363 1,153 305
Total CharQes for Services 658,969 790,333 131,364 728,828
Court Fines
Fines 120,000 146,204 26,204 111,596
Total Court Fines 120,000 146,204 26,204 111,596
Miscellaneous
Rent 9,000 11,986 2,986 16,350
Interest on investments 100,000 168,231 68,231 185,182
Other 4,800 15,728 10,928 35,399
Tota1 Miscellaneous 113,800 195,945 82,145 236,931
Total Revenue $5,376,519 $5,530,386 153,867 $5,328,945
-49-
City of Brooklyn Center A-3
General Fund (Continued from prior page)
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJECTIVE CLASSIFICATION
For the Year 1982 With Comparative Actual for 1981
1982 1981
t Actual Over
Bud�et Actual (Under) Budget Actual
Other Financin� Sources
Operating transfers in 546,849 407,309 $(139,540) 496,318
Total Other Sources 546,849 407,309 $(139,540) 496,318
Total Revenue and Other Sources $5,923,368 $5,937,695 14,327 $5,825,263
1
See notes to financial statements)
50-
1
City of Brooklyn Center A-4
General Fund (Continued next page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
For the Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982 1981
Actual Over
BudQet Actual (Under) Bud�et Actual
General Government
Mayor and Council:
Personal services 25,039 17,900 (7,139) 18,024
Services and other charges 32,321 31,481 (840) 41,301
Total Mayor and Council 57,360 49,381 (7,979) 59,325
Charter Commission:
Services and other charges 1,500 123 (1,377) 670
Total Charter Commission 1,500 123 (1,377) 670
Administrative office:
Personal services 184,846 169,069 $(15,777) 183,197
Supplies 1,650 1,204 (446) 1,275
Services and other charges 17,400 14,828 (2,572) 17,557
Capital outlays 1,555 731 (824) 362
Total Administrative Office 205,451 185,832 $(19,619) 202,391
Elections and voter registrationt
Personal services 5,330 7,894 2,564 4,634
Services and other charges 14,005 11,437 (2,568) 3,753
Total Elections 19,335 19,331 (4) 8,387
Assessor's office:
Personal services 114,889 104,084 $(10,805) 108,364
Supplies 1,950 991 (959) 1,741
Services and other charges 6,800 4,851 (1,949) 4,591
Capital outlay 457 389 (68) 1,461
Total Assessor's Office 124,096 110,315 $(13,781) 116,157
Finance:
Personal services 185,908 180,934 (4,974) 162,091
Supplies 250 144 (106) 382
Services and other charges 450 383 (67) 114
Capital outlay 1,100 683 (417) 1,073
Total Finance 187,708 182,144 (5,564) 163,660
1
_51_
City of Brooklyn Center A-4
General Fund (Continued next page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
or the Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982 1981
Actual Over
BudQet Actual (Urider) Budget Actual
General Government (continued)
Independent audit:
Services and other charges 18,000 15,248 (2,752) 19,470
Total Independent Audit 18,000 15,248 (2,752) 19,470
Le gal
Services and other charges 109,265 107,133 (2,132) 71,387
Total Legal 109,265 107,133 (2,132) 71,387
Government buildings:
Personal services 149,376 149,633 257 138,615
Supplies 14,800 18,211 3,411 21,549
Services and other charges 89,055 68,128 (20,927) 62,464
Capital outlay 108,824 102,302 (6,522) 46,056
Total Government Buildin�s 362,055 338,274 $(23,781) 268,684
Total General Government $1,084,770 $1,007,781 (76,989) 910,131
Public Safety
Police protection:
Personal services $1,274,138 $1,247,745 (26,393) $1,127,349
Supplies 23,480 11,380 (12,100) 14,152
Services and other charges 66,981 84,671 17,690 52,653
Capital outlay 51,071 58,965 7,894 48,590
Total Police Protection $1,415,670 $1,402,761 (12,909) $1,242,744
Fire protection:
Personal services 148,061 136,989 $(11,072) 111,197
Supplies 9,919 9,729 (190) 9,444
Services and other charges 16,316 13,927 (2,389) 14,743
Capital outlay 142,683 136,635 (6,048) 28,804
Total Fire Protection 316,979 297,280 $(19,699) 164,188
Protective inspection:
Personal services 151,496 149,784 (1,712) 136,009
Supplies 750 540 (210) 612
Services and other charges 9,675 7,087 (2,588) 5,488
Capital outlay 2,750 409 (2,341) 700
Total Protective Inspection 164,671 157,820 (6,851) 142,809
-52-
City of Brooklyn Center A-4
General Fund (Continued next page)
STATEMENT OF EXPENDITURES (;OMPARED TO BUDGET (GAAP BASIS)
For the Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982 1981
Actual Over
BudQet Actual (Under) Budget Actual
Public Safety (continued)
Emergency preparedness:
Personal services 31,845 27,567 (4,278) 23,992
Supplies 180 47 (133) 54
Services and other charges 4,834 5,255 421 3,258
Capital outlay 1,915 1,193 (722) 752
Total Emer�ency_ Preparedness 38,774 34,062 (4,712) 28,OSb
Animal control:
Services and other charges 11,500 9,916 (1,584) 10,352
Total Animal Control 11,500 9,916 (1,584) 10,352
Total Public Safety $1,947,594 $1,901,839 (45,755) $1,588,149
Public Works
Engineering Department:
Personal services 278,880 258,096 $(20,784) 242,101
Supplies 4,000 3,211 (789) 3,930
Services and other charges 3,700 1,975 (1,725) 1,678
Capital outlay 4,400 3,800 (600) 17,531
Total EnQineerinQ 290,980 267,082 $(23,898) 265,240
Street Department:
Personal services 361,594 359,302 (2,292) 315,871
Supplies 154,950 135,121 (19,829) 136,888
Services and other charges 5,300 6,831 1,531 108
Capital outlay 11,500 7,769 (3,731) 69,513
Total Street 533,344 509,023 $(24,321) 522,380
Maintenance shop:
Personal services 107,177 104,481 (2,696) 96,424
Supplies 191,000 156,938 (34,062) 145,703
Services and other charges 28,500 26,847 (1,653) 25,921
Capital outlay 14,000 13,734 (266) 1,982
Total Maintenance ShoQ 340,677 302,000 $(38,677) 270,030
Traffic si nals and lights:
g
Supplies 600 221 (379) 132
Services and other charges 144,730 135,615 (9,115) 118,665
Total Traffic Sit;nals 145,330 135,836 (9,494) 118,797
Total Public Works $1,310,331 $1,213,941 (96,390) $1,�76,447
53-
City of Brooklyn Center A-4
General Fund (Continued next page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
For the Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982 1981
Actual Over
BudQet Actual (Under) Bud�et Actual
Community Health Services
Health �regulation:
Serviees and other charges 28,000 26,676 (1,324) 23,385
Total Health Inspection 28,000 26,676 (1,324) 23,385
Detached worker program:
Services and other charges 9,567 9,568 1$ 16,000
Total Detached Worker 9,567 9,568 1$ 16,000
Total Community,Health 37,567 36,244 (1,323) 39,385
Parks and Recreation
Administration:
Personal services 158,502 152,059 (6,443) 135,109
Supplies 4,900 3,483 (1,417) 2,975
Services and other charges 19,800 17,588 (2,212) 13,959
Capital outlay 480 490 10 1,502
Total Administration 183,682 173,620 $(10,062) 153,545
Adult programs:
Personal services -0- 10,851 10,851 3,454
Supplies 17,005 22,946 5,941 19,958
Services and other charges 82,775 69,142 (13,633) 68,884
Total Adult Programs 99,780 102,939 3,159 92,296
Teen programs:
Personal services 3,150 1,880 (1,270) 2,792
Supplies 360 284 (76) 211
Services and other charges 3,470 2,255 91,215) 1,513
Total Teen Pro�rams 6,980 4,419 (2,561) 4,516
Children's programs:
Personal services 5,365 13,685 8,320 19,559
Supplies 6,950 6,293 (657) 7,236
Services and other charges 24,045 11,894 (12,151) 19,475
Total Children's Programs 36,360 31,872 (4,488)'$ 46,270
1
-54-
City of Brooklyn Center A-4
General Fund (Continued f rom prior page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
For the Year Ended December 31, 1982
With Comparative Actual Amounts for Year Ended December 31, 1981
1982 1981
Actual Over
BudQet Actual (Under) Bud�et Actual
Parks and Recreation (continued)
General programs:
Personal services 31,452 25,989 (5,463) 29,954
Supplies 615 6,766 6,151 2,870
Services and other charges 24,688 27,251 2,563 29,060
Total General Programs 56,755 60,006 3,251 61,884
Community Center:
Personal services 156,880 152,803 (4,077) 151,381
Supplies 30,070 30,489 419 28,151
Services and other charges 108,200 109,630 1,430 99,791
Capital outlay 38,846 27,597 (11,249) 93,877
Total Community Center 333,996 320,519 $(13,477) 373,200
Park maintenance:
Personal services 326,811 315,563 $(11,248) 271,168
Supplies 30,920 25,493 (5,427) 41,411
Services and other charges 42,075 32,521 (9,554) 31,115
Capital outlay 65,820 55,347 (10,473) 87,473
Total Maintenance 465,626 428,924 $(36,702) 431,167
Total Parks and Recreation $1,183,179 $1,122,299 (60,880) $1,162,878
Non-Departmental
Expenditures not charged
to departments:
Personal services 104,257 86,890 $(17,367) 48,455
Supplies 15,000 14,506 (494) 18,195
Services and other charges 209,700 114,383 (95,317) 120,680
Capital outlay 30,970 31,976 1,006 10,460
Total Non-Departmental 359,927 247,755 $(112,172) 197,790
Total Other Uses -0- -0- -0- 250,000
Total Expenditures and Other Uses $5,923,368 $5,529,859 $(393,509) $5,324 780
(See notes to financial statements)
55_
1
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.
The City's Special Revenue Funds included in this section are:
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 Employees 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 f rom this Fund to the Capital Projects Fund where accounting for
project costs takes place.
Community 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. Transf ers are made from this Fund to the Capital Projects Fund
where accounting for project costs takes place.
Open �ace Land AcQUisition Fund: This Fund was established to account for
funds received from federal, state, and county grants for financial assis-
tance for the acquisition of public open space lands within the community.
City of Brooklyn Center �1
�ecial Revenue Funds
COMBINING BALANCE StfEET
December 31 L 1982
With Comparative Totals for December 3� 1981
Federal Anti-Recession Public Diseased Community Open Space
Revenue Fiscal Employees Tree LCMR and Development Land Totals
Sharin� Aid Retirement Removal Lawcon Block GranE A�uisiEion 1982 1981
ASSF.TS
Temporary investments $270,589 2,254 �546,988 S 52�391 16�Si3 S 2�601 $891�336 $1,239,472
Accounts receivable 1,208 1�208 3,523
Taxes receivable:
Delinquent:
Special assessments 245 245
Ad valorem 2,851 2,851 3,396
Due from other funds 12�750 12�750 54
Due from other governments 38.043 17,033 55.076 1,044.040
TOTAL ASSETS $308,632 2�254 $549.839 1,453 65.141 33,546 2.601• 5963,466 s2,290,485
=C��SSS�C0S5 iQiiEii iiiia.Ci
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable s 7,196 S 7�196 a 48,842
Due to other f wds 944�550
Due,to other governments 32 006 32,006
Total Liabilities -0- -0- S -0- 7.196 S -0- 32 006 S -0- 39 202 993,392
Fund Balances
Unreserved:
Uesignated for contributions �549,839 65,141 $614�980 504,281
Undesignated $308,632 2,254 $(5,743) 1,540 2,601 309,284 792,812
Total Fund Balances $308,632 2 254 549 839 S 743 65 141 1 540 2.601 a924�264 51,297,093
TOTAL LIABILITIES AND FUND BALANCES $308,632 2�254 $549,839 a 1,453 65,141 S 33,546 S 2�601 5963,466 $2,290�485
a�zao=e�cea.�xmcsm=as�saesaa�aa aasaas: ass=szae asaas�s s_._,._._.�..,_ �ase�sa �a��aoa �e��sss aassasas �esmso
(See notes to financial statements)
City of BrooTilyn Center B=2
5pecial Revenue Funds
COMBINING STATEMENT OF REVENU�ES EXPENDITURES AND CHANGES IN FUND BALANCES
Year �;nded December 3j�$2
With Comparative Totals for Year 1981
Federal Anti-Recession Public Diseased Communitq Open Space
Revenue Fiscal Employees Tree LCMR and Development Land Totals
SharinA Aid Retirement Removal Lawcon Block Grant Acquisition 1982 1981
Revenues
Intergovernmental:
Federal grants a189�287 58,320 17,034 �264,641 922,349
State gran[s 1,766 148,911 150,677 41.063
Total Interttovernmental 189 287 S -0- -0- 1,766 $207,231 17,034 -0- $415,318 963,412
Charges for services:
Fees 32,444 32,444 23,238
Administrative 2,175 2.175 1,860
Total Charges for Services S -0- S -0- -0- 34,619 S -0- E -0- -0-' 34.619 S 25.098
Miscellaneous:
Interest on investments a 59,312 230 51,468 309 9,370 a.2,239 265 $123,193 145,720
Other 7.244
Total Miscellaneous 59 312 S 230 5$ 1,468 309� S 9,370 S 2,239 S 265 $123,193 152,964
Tota� Revenue 2S 48,599 S 230 S�, 1,468 S 36,694 21$ 6,601 5�19,273 265 5573,130 $1,141,474
Expenditures
Personal services 11,040 11,040 8,565
Services and other charges 5,910 a 44,823 43,248 93,981 45.756
Total Expenditures -0- E -0- S 5.910 44,823 -0- S 54,288 S-0- 5105.021 54,321
Excess (Deficit) of Revenues
�ver Expenditures $248,599 a 230 45�558 �(8.129) 5216,601 5�35,015) a 265 �468.109 �1,087,153
Other Financinp Sources (Uses)
Uperating transfers out (307,309) (207.231) (514 540 (789.F303)
Excess (Deficit) of Revenues Over
�nditures and Other Uses a(58,710) a 230 45,558 $(8,129) S 9,370 $(35,015) 265 �(46,431) 297,350
Fund Balances January i 367,342 2,024 504,281 2.386 55,771 36,555 2.336 970,695 673,345
Fund Balances December 31
Reserved $549,839 65,141 $614,980 504,281
Unreserved 3$ 08,632 2,254 $(5,743) 1,540 S 2,601 309,284 466,414
Total Fund Balances December 31 $308,632 2,254 $549.839 $(5,743) 65.141 1,540 2.601 $924�264 S 970,695
s-�s�s-a__�-saa�r �._.ss axasass �aaasm
asas�s s
(See notes to financial state�nts)
City of Brooklyn Center, Minnesota
DEBT SERVICE FUNDS
The Debt Service Funds were established to account for the payment (from
taxes and other sources) of interest and principal on long-term, general
obligation debt other than that payable f rom 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 available and measurable. Expenditures are recognized in the
accounting period in which the related liability is indurred.
The City's Debt Service Funds included in this section are:
Park 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 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 1969 and the proceeds of the sale are used for making principal and
interest payments. The taxes levied for debt redemption have been cancelled.
General ObliQation 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 Building 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 1980 to finance the
improvement and equipping of parks, parklands and related public recrea-
tional facilities. These improvements include neighborhood parks, Central
Park, Palmer Nature Center, Shingle Creek Trailway and the Arboretum.
City of Brooklyn Center G-1�
Debt Service Funds
COMBINING BALANCE SHEET
D�cember 31 1982
With Comparative Totals for December 31, 1981
State Aid Improvement Park
Park Libr ry Street Building Bonds Totals
Bonds Bon�s Bonds Bonds of 1980 1982 1981
ASSETS
Temporary investments $139,180 76.287 1�898 $237,743 5105,786 $560,894 �468.605
Taxes receivable:
Delinquent 1,085 30,96Z 15,019 47,066 29,560
Due from other governments 34,100
TOTAL ASSETS $140�265 76,287 ,1,898 $268,705 $120�805 $607.960 $532,265
��=s� _.......a �.�:Q
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable '1,898 1,898
Due to other funds 24.164
Total Liabilities -0- -0- 1 898 -0- -0- 1,898 24,164
Fund Balances
Reserved 20,760 $268,705 $120,805 $410,270 $508,101
Unreserved 140 265 55.527 195,792
o,
Total Fund Balances 140 265 76 287 -0- 268 705 $120,805 $606,062 $508,101
TOTAL LIABILITIES AND FUND BALANCES $140�265 76,287 1�898 $268,705 $120�805 $607,960 $532,265
�I ssasaau ��_as s_��� sm^-__� .,.��s ssaasx� sss�_.
(See notes to financial atatements)
City of Brooklyn Center F2
Debt 5ervice N'unds
COMBINING STATEMENT OF REVENUES. EXPENDITURES AND CHANGFS IN FUND BALANGES
Year Ended December 31,'19Fl2
With Comparative Totals Y'or Year Ended December 3� 1981
State Aid Improvement Park
Park Library Street Building Bonds Totals
Bonds Bonds Bonds Bonds of 1980 1982 1981
Revenues
General property taxes $206,700 $161.301 5368.001 5378�610
Interest on investments 14,172 8,901 1,898. 26,569 2.233 53.773 45,123
State grants 27.39Q 27.390
Total Revenues 14,172 8,901 29,288 $233,269 1� 63,534 449 164 423 733
Exoendituces
Principal 10,000 60,000 $125,000 5195,000 a185,000
'Interest 1,140 37�515 71�825 �113�620 224,100 226�785
Fiscal agent fees 23 67 217 90 397 369
Other 1,898 1,898 607
Total Exvendi[ures S -0- 1S 1,163 99 480 5197,042 $113.710 $421,395 a412,761
Excess (Deficit) of Reserves Uver E�nditures S 14,172 $(2,262) $(70,192) 36,227 49,824 a 27,769 10,'972
Other Financin� Sources (Uses)
Operating transfers in -0- -0- �0,192 -0- -0- 70,192 93.401
tD Excess (Deficit) of Revenues and Other
Sources Over �enditures 14�172 S (2,262)� -0- 36�227 s 49,824 97.961 $104�373
�'und Balances January 1 126,093 78.549 -0- 232.478 70,981 508 403,728
Fund Balances December 31 $140,265 76�287 -0- $268�705 5120,805 a606.062 5508,101
��_�_�_�_r----= d ..a....
(See notes to financial statements)
City of Brooklyn Center, 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 Assessment and Enterprise Funds.
The Capital Projects Funds are maintained on the modified accrual basis of
accounting. Revenues are recognized in the accounting period in which they
become available and measurable. Expenditures are recognized in the
accounting period in which the related liability is incurred.
The City's Capital Projects Funds included in this section are:
Capital Projects Fund: This Fund was established in 1968 to provide funds,
and to account for the expenditure of such funds, for major capital outlays
(which shall include, but not be limited to, construction or acquisition of
major permanent facilities having a relatively long life); and/or to reduce
debt incurred for capital outlays. The sources of revenue for the Fund
include ad valorem taxation, transfers from other Funds, issuance of bonds,
federal and state grants, and interest earnings.
Municipal State Aid for Construction Fund: This Fund was established to
account for the state allotment of gasoline tax collections used for
transportation related construction projects.
1
City of Brooklyn Center D-1
Capital Projects Funds
COMBINING BALANCE SHEET
December 31, 1982
With Comparative Totals for December 31, 1981
Municipal
Capital State Aid
Pro�ects For Totals
Fund Construction 1982 198I
ASSETS
Temporary investments $1,983,743 $2,900,487 $4,884,230 $3,437,679
Due from other f unds 384,002 384,002 753,273
Due from other governments 13,048 13,048 415,240
TOTAL ASSETS $2,367,745 $2,913,535 $5,281,280 $4,606,192
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 980 980 108
Contracts payable 654,713 654,713 189,253
Due to other funds 81,659 57,165 138,824 367,794
Due to other governments 73,630 73,630 91,996
Total Liabilities 737,352 130,795 868,147 649,151
Fund Balances
Unexpended appropriations $1,175,816 91,566 $1,197,190 $1,074,303
Balance restricted to State-
approved projects 1,296,028 1,366,220 1,183,518
Unreserved 454,577 1,395,146 1,849,723 1,699,220
Total Fund Balances $1,630,393 $2,782,740 $4,413,133 $3,957,041
TOTAL LIABILITIES AND FUND BALANCES $2,367,745 $2,913,535 $5,281,280 $4,606,I92
1
1
(See notes to financial statements)
-60-
City of Brookl�n Center D-2
Ca�it� Yro_jects Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
Municipal
Capital State Aid
Projects For Totals
Fund Construction 1982 1981
Re ve nue s
Intergovernmental;
State grants 458,096 458,096 399,714
Interest on investments 178,451 267,354 445,805 326,080
Other 40,813 40,813 200,506
Total Revenues $�19,264 725,450 944,714 926,300
Ex�enditures
Capital outlays $1,024,777 107,808 $1,132,585 $1,113,200
Total Expenditures $1,024,777 107,808 $1,132,585 $1,113,200
Excess (Deficit) of Revenues
Over Expenditures (805,513) 617,642 (187,871) (186,900)
Other Financing Sources (Uses)
Operating transfers in 207,231 207,231 794,845
Operating transfers out (163,268) (163,268) (55,000)
Total Other Financing,,Sources (Uses) 207,231 $(163,268) 43,963 739,845
Excess (Deficit) of Revenues and Other
Sources Over Expenditures and
Other Uses (598,282) 454,374 (143,908) 552,945
Fund Balance January l 1,628,675 2,328,366 3,957,041 3,404,096
Residual tranfers in 600,000 600,000
Fund Balance December 31 $1,630,393 $2,782,740 $4,413,133 $3,957,041
(See notes to financial statements)
1
-61-
City of Brooklyn Center S-1
�ital Pr „o iects Fund
PROJECT LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From BeQinninp to December 3� 1982
Appronriations
Community
Development Bond Fund Total
Proiect Description Fund Lawcon LCMR Proceeds Balance Other Ap�ropriation Expenditures
Unallocated 7,2g3
Municipal Service Garage 247,200 370,800 618,000 90,655
Central Park Garden City 42,500 34,000 8,500 85,000 91,276
Civic Center Building access 20,000 20,000 8,520
Central Park landscaping 53,247 55,496 108,743 91,952
Palmer Lake Basin 71,070 82,915 102,500 256,485 222,727
Lions Park West 70,392 70,392 71,271
Park Bonding costs 17,838 17,838 17,679
Garage service entry 4,960 4,960 8,824
Central Park III 340,806 85,000 425,806 69,303
Project 1980-04 200,000 97,100 297,100 277,305
Sidewalk curb cuts 12,000 12,000 10,086
Solar demonstration 40,000 40,000 1,555
Traffic lights 80-08 57,198 53,179 110,377 113,103
Police Department communications 225,000 225,000 210,863
a, Arboretum 169,000 635 169,635 169,492
N CEAP services 144,000 144,000 144,000
City hall elevator 65,000 65,000 52,674
Garden City shelter 24,000 35,000 59,000 60,864
Neighborhood parks 237,000 730,560 18,091 25,000 1,010,651 858,331
Shingle Creek Parkway 177,210 300 16,190 193,700 190,598
Central Park II 40,000 143,442 75,000 22,815 281;257 285,033
Brooklane shelter building 43,000 43,000 42,984
Salt storage building 58,000 58,000 74,816
Shingle Creek relocation 31,000 31,000 30,986
Shingle Creek Trailway 129,510 183,614 313,124 277,103
Central. Park I 150,000 90,000 240,000 244,969
414,000 713,732 170,162 $1,500,000 $1,296,095 806,079 $4,900,068 $3,724,252
(See notes to financial. statements)
City of Brooklyn Center S-2
Municipal State Aid Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning December 31, 1982
Pro_ject Appropriation Expenditures
Traffie signals Highway #152 15,981 12,669
Channelization Highway #152 and 65th Street 3,038 2,916
Pedestrian bridge Lions Park 1980-06 26,311 31,268
Traffic signals: Highway #152 and 65th Street 41,870 42,167
Traffic signals Highway #100 and France Avenue 4,823 4,514
Street 186,153 93,076
Totals $278,176 $186,610
Total Appropriations $278,176
Less: Expenditures 186,610
Unexpired Appropriations 91,566
1
1
1
1
(See notes to financial statements)
1
-63-
1
City of Brooklyn Center, Minnesota
SPECIAL ASSESSMENT FUNDS
The Special Assessment Funds were established to accounC for the resources
and expenditures required for the acquisition and construction of capital
facilities or improvements financed wholly or in part by special assessments
levied against 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 revenues 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 available and measurable. Expenditures are recognized in
the accounting period in which the related liability is incurred.
There are nineteen 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
C0;^,BINING BALANCE SHEET i
December 31, 1982
With Comparative Totals for December 31, 1981
Bond #1 1955A 1956AC 1956B 1957AB 1958A 1958B 1959AB 1960AB 1961AB I
ASSETS
Temporary investments 3,156 $107,600 $210,897 22,337 54,07� $lb1,595 $136,451 52,339 $340,895 $459,211
Accounts receivable
Special assessments receivable:
Delinquent 192 951 712
Due from other funds
Due from other governments
Bond discounts
TOTAL ASSETS 3,156 $107,600 $210,897 22,337 54,074 $161,595 $136,451 52,531 $341,846 $459,923
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable
Contracts payable
Due to other funds
Construction loans payable
Accrued interest payable
Bonds payable 20,000
Performance deposits
Total Liabilities -0- -0- -0- -0- -0- -0- -0- -0- -0- 20,000
Fund Balances
Debt service 3,156 $107,600 $210,897 22,337 54,074 $161,595 $136,451 52,531 $341,846 $439,923
Unexpended appropriations
Total Fund Balances 3,156 $107,600 $210,897 22,337 54,074 $161,595 $136,451 52,531 $341,846 $439,923
TOTAL LIABILITIES AND FUND BALANCE 3,156 $107,600 $210,897 22,337 54,074 $161,595 $136,451 52,531 $341,846 $459,923
(See notes to financial statements)
-64-
1
�i
E-1
Construction Totals
1963A 1965A 1966A 1969A 1970 1973 1976 1982 Fund 1982 1981
$368,365 $104,991 $139,338 96,192 $502,866 $201,178 $352,256 43,721 $132,493 $3,489,955 $3,192,658
13,651
484 548 777 1,118 48,492 14,136 19,934 53,845 141,189 153,425
62,213 817 63,030 401,280
1, 439
7,946 35,437 43,383 14,761
$368,849 $105,539 $140,115 97,310 $559,304 $215,314 $372,190 195,216 $133,310 $3,737,557 $3,777,214
3,171 3,171
32,411 32,411 32,682
14,653 14,653 268,449
$132,493 132,493 2,509,642
295, 789
35,000 30,000 90,000 $130,000 $455,000 $235,000 $580,000 2,625,000 4,200,000 1,935,000
12,200
35,000 30,000 90,000 $130,000 $455,000 $235,000 $580,000 $2,675,235 $132,493 $4,382,728 $5,053,762
$333,849 75,539 50,115 $(32,690) $104,304 $(19,686) $(207,810) $(2,529,531) 817 (694,683) $(1,467,591)
49,512 49,512 191,043
$333,849 75,539 50,115 $(32,690) $104,304 $(19,686) $(207,810) $(2,480,019) 817 (645,171) $(1,276,548)
$368,849 $105,539 $140,115 97,310 $559,304 $215,314 $372,190 195,216 $133,310 $3,737,557 $3,777,214
-65-
City of Bmokivn Ce�er Fr2
Svecial pssessnents Ftnds
�hBW�VG STATII�fT REVE1�l�, E�f7mI1Ut6 Af�ID Q�A1�6 IN Ft�ID BAIAI�E'S
Year Fided D�ecemba 3� 1962
With C�etative Totals fa� Year I'hded Deoeinba 31 1981
Daoess of
Reven�
Oth� 11�d Saures
Re�ernies Other Sources FScoenditures Uses Oves 1982
Intex+�st on f�.:�.�►t Transfers Bmd Castructian 1lansfers f�cpenditures F�nd I�larr.e Fuid Pelance
Fu�d Total Investme�►ts Inou� In Total Intaest And Other Out And Uses Jaruazv 1 Der.ant,a 31
Bond Fu�d 1�1 �.7 247 247 S 2�909 3,156
1955A 10,956 10�956 10�956 96,644 107,ElJO
1956PC 21,474 21,474 21,474 189,423 2I0,897
1956B 2,275 2,275 2,Z75 20.062 22�337
1957AB 5.506 5,9J6 5�9J6 48,568 54.074
1958A 16,537 16,537 16,537 145,058 161,595
19586 14,452 13,8',S fA7 14,452 121 �999 13fi,451
1959AB 6,247 4,706 1,539 6�247 46,284 52,531
19b0AB 36.259 33,8J5 2.454 36,259 305.587 341,£31+6
1961AB 51,668 47,1b9 4,499 1,560 1,48D 8D 90,108 3R9,815 439,923
1963�A 47,'.DS 39,031 8,474 2�Q30 1,9� 5D 45,475 288,374 33i,849
19fiSA 18,093 11,5fl5 6,508 1,542 1,520 22 16,551 58,996 �75,539
1966�A 31,A6 16,331 15,467 5.740 S.fAO 50 26�a56 24,�7 50,1I5
19EflA 37,435 11,838 25,597 10�133 10.075 58 27,302 (59�992) (32,69�)
1970 210,ffi4 55,796 155,Cb8 42�OB0 37,6�J 4�4b0 166,774 (64,470) lU'+,304
1973 72,748 23�430 49,318 31,QOD 28�500 2�900 41,748 (61,434) (19,686)
1976 133,fi56 28,752 104,904 19,446 19,4� 44 114,210 (322.@0) (�7,810)
1982 596,621 4,314 501,231 a 93,076 572,240 ST1,240 26,381 (2.506,400) (2,48�,019)
Ca�truction 817 817 -0- 817 -0- 817
Totals 1982 $1�317,148 �347,5G9 �876,473 93,07Ei 6�i.771 $106,267 579,504 -0- �631,377 �(I�Z76,548) C��I
TotaLs 1981 a1�480�449 $326.135 $A76�312• $178,0� $1,365,659 $123,a54 $1��i2.f�5 S -0- 94�79D $(1�371.336) S�1.Z16�548)
(See rotea to finaz,cial sretenems)
City of Brooklyn Center S-3
Special Assessment Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Be�inninQ to December 31, 1982
(Overexpended)
Project Unexpended
Type of Project Number Ap ro riations Expenditures Appropriatiions
Street 81-02 137,551 163,611 $(26,060)
Watermain 81-OS 36,566 32,911 3,655
Sanitary sewer 81-06 21,951 21,904 47
Storm sewer 81-07 41,363 35,627 5,736
Street 81-08 239,784 226,296 13,488
Street 81-17 36,128 32,302 3,826
Street 81-18 101,858 100,234 1,624
Sidewalk 81-19 9,124 11,437 (2,313)
Storm sewer 81-20 18,708 19,197 (489)
Street 81-10 410 (410)
Street 81-03 610 (610)
Street 81-02 339,934 295,379 44,555
Street 82-03 29,843 29,610 233
Watermain 82-06 36,312 31,642 4,670
Watermain 82-07 36,140 -0- 36,140
Street lights 82-08 4,510 4,510 -0-
Street 82-09 96,720 72,734 23,986
Sanitary sewer 82-10 10,889 9,865 1,024
Watermain 82-11 10,494 13,315 (2,821)
Alley 82-14 24,550 29,356 (4,806)
Unallocated 51,963 (51,963)
$1,232,425 $1,182,913 $_49,512
1
(See notes to financial statements)
-67-
City of Brooklyn Center, Minnesota
ENTERPRISE FUNDS
The �nterprise Funds were established to account for the financing of self-
supporting activities of the City which render services on a user charge
basis to the general public.
Revenues and Expenses in these Funds are recognized on the accrual basis of
accounting. Revenues are recognized in the accounting period in which they
are earned and become objectively measurable. Expenses are recognized in
the period incurred, if objectively measurable.
The City's Enterprise Funds included in this section are:
Municipal 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.
City of Brooklyn Center
Enter�rise Funds
COMBINING BALANCE SHEET
December 31 1982
With Comparative Totals for December 31, 1981
Municipal Public
Liquor Utilities Totals
Fund Fund 1982 1981
ASSETS
Current Assets
Cash on hand 3,900 3,900 3,900
Temporary investments 17 2,508,903 2,508,920 2,118,031
Accounts receivable 2,711 107,445 110,156 111,475
Less: Allowance for estimated
uncollectible (1,043) (1,043) (5,590)
Assessments receivable 4,694 4,694 3,859
Due from other funds 12,096 12,096 120
Due f rom other governments 42,934 42,934 83,565
Inventories:
Materials and supplies 11,666 11,666 14,790
Merchandise for resale 244,588 244,588 254,194
Prepaid expenses:
M.W.C.C. charges 63,908 63,908 60,371
Rent 3, 361 3, 361
Insurance 14,533 14,533 14,952
Maintenance 2,846 2,846 2,822
Accrued water and sewer revenue 182,375 182,375 210,366
Total Current Assets $270,913 2,934,021 3,204,934 2,872,855
Restricted Assets
Temporary investments 4,000,000 4,000,000 4,000,000
Due f rom other governments 228,102 228,102 237,376
Debt retirement investments 133,365 133,365 135,280
Construction funds invested 102,585 102,585 92,139
Assessments receivable deferred 159,041 159,041 141,736
Total Restricted Assets -0- 4,623,093 4,623,093 4,606,531
Fixed Assets
Mains and lines $10,793,947 $10,793,947 $10,765,003
3tructures 2,106,525 2,106,525 2,082,311
Equipment $135,468 276,058 411,526 403,730
Land 24,816 24,816 24,816
Land improvements 5,898 5,898 5,898
Leasehold improvements 56,197 56,197 56,197
Construction in progress 776,384 776,384 87,219
�197,563 $13,977,730 $14,175,293 $13,425,174
Less: Allowance for depreciation 132,974 3,166,742 3,299,716 3,095,334
Total Fixed Assets 64,589 $10,810,988 $10,875,577 $10,329,840
TOTALS $335,502 $18,368,102 $18,703,604 $17,809,226
fin n ial r=====_____ __^_=====r=
(See notes to a c
-68-
F-1
Municipal Public
Liquor Utilities Totats
Fund Fund 1982 1981
LIABILITIES, CONTRIBUTIONS
AND RETAINED EARNINGS
Current Liabilities
Accounts payable 62,331 18,338 80,669 113,740
Contracts payable 120,448 120,448 185,316
Due to other funds 10,000 336,253 346,253 46,083
Due to other governments 12,874 6,732 19,606 18,513
Accrued liabilities 18,777 20,023 38,800 19,631
Current portion of long-term debt 40,000 40,000 40,000
Total Current Liabilities $103,982 541,794 645,776 423,283
LonQ-Term Liabilities
Revenue bonds 440,000 440,000 480,000
Less: Current portion 40,000 40,000 40,000
Total LonQ-Term Liabilities -0- 400,000 400,000 440,000
Fund E�uity
Contributions $10,214,999 $10,214,999 $10,158,862
Retained Earnings:
Reserved:
Metro Waste Control Commissian 228,102 228,102 299,788
Debt retirement 133,365 133,365 135,280
Construction funds 102,585 102,585 92,139
Working capital 620,000 620,000 620,000
Restricted assessmen�s 159,041 159,041 365,544
Designated for plant expansion 4,000,000 4,000,000 4,000,000
Undesignated $231,520 1,968,216 2,199,736 1,274,330
Total Retained Earnin�s $231,520 7,211,309 7,442,829 6,787,081
Tota1 Fund E�cuity_ $231,520 $17,426,308 $17,657,828 $16,945,943
TOTALS $335,502 $18,36$,102 $18,703,604 $17,809,226
-69-
City of Brooklyn Center F-2
Enterprise Funds
CONBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
For the Year ended December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
Municipal Public
Liquor Utilities Totals
Fund Fund 1982 1981
O�eratin� Revenues
Gross margin on product sales $501,709 501,709 509,407
Charges for services $1,521,676 1,521,676 1,518,638
Total �eratin� Revenues $501,709 $1,521,676 $2,023,385 $2,028,045
Operatin� Expenses
Personal services $238,934 239,659 478,593 350,817
Contractual services 110,806 879,233 990,039 1,063,446
Supplies and materials 13,601 62,734 76,335 42,448
Heat, light, power 20,983 110,977 131,960 78,696
Depreciation 12,959 191,423 204,382 197,602
Other 9,911 217 10,128 5,687
Total O�eratin� Expenses $407,194 $1,484,2G3 $1,891,437 $1,738,696
Operatin� Income 94,515 37,433 131,948 289,349
NonoperatinQ Revenues (Expenses)
Interest earned 6,043 720,377 726,420 655,748
Other revenue (expense) 1,614 (61,266) (59,652) 108,433
Interest and fiscal agent fees (18,782) (18,782) (20,343)
Nonoperating Totals 7,657 640,329 647,986 743,838
�erating Transfers (Out) $(100,000) (100,000) (125,000)
Net Income 2,172 677,762 679,934 908,187
Retained EarninQs January 1 240,874 6,546,207 6,787,081 5,878,894
Prior period adjustment (11,526) (12,660) (24,186)
Retained Earnings December 31 $231,520 $7,211,309 $7,442,829 $6,787,081
(See notes to financial statements
-70-
City of Brooklyn Center F-3
Enter�rise Funds (Continued next page)
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1982
With Comparative Totals for the Year Ended December 31, 1981
Municipal Public
Liquor Utilities Totals
Fund Fund 1982 1981
Sources of Financial Resources
Operations:
Net income for year 2,172 $677,762 $679,934 908,187
Add: Items not requiring current
outlay Depreciation 12,959 191,423 204,382 197,602
Total Resources Provided
Operations 15,131 $869,185 $884,316 $1,105,789
Contributions toward construction 56,137 56,137 57,512
Decrease in M.W.C.C. receivable 9,274 9,274 8,866
Property sold 2�lgg
Decrease in retirement investments 1,915 1,915
Total Sources 15,131 $936,511 $951,642 $1,174,355
Uses of Financial Resources
Purchase of properties 213 $749,906 $750,119 499,011
Depreciation on property sold 2,188
Payments to retire bonds 40,000 40,000 40,000
Increase in restricted investments 222,787
Amortization of deferred gain
on sale of assets 3,2g[�
Construction f unds invested 10,446 10,446 9,157
Amortization of M.W.C.C. deferred credit 8,866
Increase in assessments receivable deferred 17,305 17,305 30,608
Debt retirement investments purchased 3,795
Total Uses 213 $817,657 $817,870 819,696
Net Increase (Decrease) in Working Capital 14,918 $118,854 $133,772 354,659
_ql_
City_ of Brookly_n Center F-3
Enter�rise Funds (Continued from prior page)
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 19�32
With Comvarative Totals for the Year Ended December 31, 1981
Municipal Public
Liquor Utilities Totals
Fund Fund 1982 1981
Elements of Increase (Decrease)
in Workin� Capital
Temporary investments (6,725) $397,614 $390,889 444,577
Accounts receivable (4,516) 7,744 3,228 1,241
Assessments receivable 835 835 (6,266)
Due from other funds (120) 12,096 11,976 (846)
Due from other governments (40,631) (40,631) 32,206
Inventories (9,606) (3,124) (12,730) (9,671)
Prepaid expenses 2,966 3,537 6,503 26,065
Accrued revenue (27,991) (27,991) 65,991
Accounts payable 43,735 (10,664) 33,071 43,490
Contracts payable 64,868 64,868 (185,316)
Due to other funds (7,261) (292,909) (300,170) (44,901)
Due to other governments (12,874) 11,781 �(1,093) (18,513)
Accrued liabilities 9,319 (4,302) 5,017 6,602
Net Increase (Decrease) in Working Capital 14,918 $118,854 $133,772 354,659
(See notes to financial statements)
1
72-
City of Brooklyn Center F-4
Municipal Liquor Fund
STATEMENT OF OPERATIONS
Year Ended December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
Year Ended December 31,
1982 1981
Sales
Liquor 844,922 939,821
Beer 1,244,585 1,226,527
Wine 326,991 257,469
Soft drinks 39,117 38,278
Other merchandise 14,015 15,141
Total Sales (Net of Sales Taxes) $2,469,630 $2,477,236
Less: Cost of Sales
Beginning inventory 254,194 261,185
Purchases (Net of discounts) 1,958,316 1,960,838
Merchandise available for sale $2,212,510 $2,222,023
Less: Ending inventory 244,589 254,194
Cost of Sales $1,967,921 $1,967,829
Gross Margin 501,709 509,407
OveratinQ,Expenses 407,194 364,496
Operating Income 94,515 144,911
(See notes to financial statements)
73-
City of Brooklyn Center F-5
Munici a�l �uor Fund
STATEMENT OF OPERATING EXPENSES
�cear �,nde�December 31, 1982
With Comparative Totals for Year Ended December 31, 1981
Year Ended December 31,
1982 1981
OperatinQ Expenses
Personal services:
Salaries and wages 209,849 193,304
Payroll taxes 19,004 19,459
Employee benefits 10,081 6,176
238,934 218,939
Contractual services:
Professional services 3,778 2,477
Insurance 16,098 17,075
Maintenance and repairs 6,483 3,506
Rent and administration 71,968 63,547
Equipment rental 10,025 6,996
Miscellaneous 2,454 14,280
110,806 107,881
Supplies:
General supplies 13,601 8,344
Heat, light and power 20,983 16,790
Depreciation 12,959 12,542
Other 9,911 -0-
Total Operating Expenses 407,194 364,496
(See notes to financial statements)
74-
City of Brooklyn Center
Public Utilities Fund
BALANCE SHEET
December 31, 1982
With Comparative Totals for December 31, 1981
Water Sewer Totals
Accounts Accounts 1982 1981
ASSETS
Current Assets
Temporary investments 565,879 $1,943,024 2,508,903 2,111,289
Accounts receivable 53,723 53,722 107,445 99,701
Assessments receivable 4,694 4,694 3,859
Due from other funds 12,096 12,096
Due from other governments 42,934 42,934 83,565
Inventories materials supplies 11,666 11,666 14,790
Prepaid expenses 63,908 63,908 60,371
Accrued revenue 50,176 132,199 182,375 210,366
Total Current Assets 698,234 $2,235,787 2,934,021 2,583,941
Restricted Assets
Temporary investments 3,700,000 300,000 4,000,000 4,000,000
Due from M.W.C.C. 228,102 228,102 237,376
Debt retirement investments 133,365 133,365 135,280
Construction funds invested 102,585 102,585 92,139
Assessments receivable deferred 159,041 159,041 141,736
Total Restricted Assets 4,094,991 528,102 4,623,093 4,606,531
Fixed Assets
Mains and lines 5,923,686 $4,870,261 $10,793,947 $10,765,003
Structures 1,363,745 742,780 2,106,525 2,082,3ll
Equipment 138,029 138,029 276,058 268,475
Land 24,8I6 24,816 24,816
Construction in progress 576,297 200,087 776,384 87,219
8,026,573 $5,951,157 $13,977,730 $13,227,824
Less: Allowance for depreciation 1,619,981 1,546,761 3,166,742 2,975,319
Total Fixed Assets 6,406,592 $4,404,396 $10,810,988 $10,252,505
TOTALS $11,199,817 $7,168,285 $18,368,102 $17,442,977
(See notes to financial statements)
1
-75-
F-6
Water Sewer Totals
Accounts Accounts 19$2 1981
LIABILITIES, CONTRIBUTIONS AND
RETAINED EARNINGS
Current Liabilities
Accounts payable 18,338 18,338 7,658
Contracts payable 71,757 48,691 120,448 185,316
Due to other funds 168,127 168,126 336,253 43,�360
Due to other governments 6,732 6,732 18,513
Accrued liabilities 13,014 7,009 20,023 3,061
Current portion of long-term debt 40,000 40,000 40,000
Total Current Liabilities 311,236 230,558 541,794 297,908
Lon�-Term Liabilities
Revenue bonds 440,000 440,000 480,000
Less: Current portion 40,000 40,000 40,000
Total LonQ-Term Liabilities 400,000 -0- 400,000 440,000
Fund E�c uity
Contributions 4,757,303 $5,457,696 $10,214,999 $10,158,862
Retained Earnings:
Reserved:
Metro Waste Control assets 228,102 228,102 299,788
Debt retirement 133,365 133,365 135,280
Construction funds 102,585 102,585 92,139
Working capital 170,000 450,000 620,000 620,000
Appropriations and assessments 159,041 159,041 365,544
Designated 3,700,000 300,000 4,000,000 4,000,000
Undesignated 1,466,287 501,929 1,968,216 1,033,456
Total Retained Earnin�s 5,731,278 $1,480,031 7,211,309 6,546,207
Total Fund Equity $10,488,581 $6,937,727 $17,426,308 $16,705,069
TOTALS $11,199,817 $7,168,285 $18,368,102 $17,442,977
76-
City of BrooklXn Center F-7
Public Utilities Fund
STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31� 1982
With Comparative Totals for Year Ended December 31, 1981
Water Sewer Totals
Accounts Accounts 1982 1y81
Operatin� Revenue
Service to consumers 454,314 $1,008,482 $1,462,796 $1,464,890
Service hook-�p charges 49,020 49,020 53,748
Sale of ineters (net) 2,182 2,182 28
Penalties 1,905 5,268 7,173 6,334
Federal grants 505 505 65,684
State grants -0- 13,137
Other -0- 18,118
Total Operating Revenue 507,421 $1,014,255 $1,521,676 $1,621,939
OperatinQ Expenses 491,299 992,944 $1,484,243 $1,374,153
Operatinp� Income 16,122 21,311 37,433 247,786
NonoperatinQ Revenues (Expenses)
Interest earned:
Investments 463,692 233,013 696,705 620,094
Special assessments 16,011 16,011 10,124
Metro Waste Control Commission 7,661 7,661 7,927
Construction funds 10,446 10,446 9,157
Other (71,712) (71,712) 2,923
Interest and fiscal fees (18,782) (18,782) {20,343)
Total Nonoperatin� 471,367 168,962 640,329 629,882
Net Income 487,489 190,273 677,762 877,668
Retained Earninps January 1 5,250,986 1,295,221 6,546,207 5,668,539
Prior year adjustment (7,197) 5,463) (12,660)
Retained Earnings December 31 $5,731,278 $1,480,031 $7,211,309 $6,546,207
(See notes to financial statements)
77-
�Cit�+ of Brooklyn Center F-8
�u61ic Utilities Fund
WATER OPERATING EXPENSE
For the Year Ended December 31 1982
With �rative T'otals for Year Ended December 31 L 1981
Classification bv Function
Source of Customer Year Ended December 31,
Supply Transmission Administration Accountinq 1982 1981
Personal Services:
Salaries and wages 22,9i0 37�364 a 34,394 5�21.803 a116,471 �110,224
Payroll taxes 11,761 11.761 9,408
Employee benefits 6.579 6.579 3,743
22,910 37.364 a 52,734 a 21�803 S134,811 12S 3,375
Contractual Services:
Professional services 1,657 1,094 777 161 s 3,689 S 1.778
Postage 9,129 9,129 9,716
Insurance 2 185 2 185 2 327
Repairs and maintenance 3,221 10,337 �732 3,297 17�587 17,744
Rent and administration 47,574 47�574 43,048
Equipment rental 7�741 4,•362 12,103 11,583
Miscellaneous 26 26
4,878 11.431. 68,164 7 820 S 92,293 86 196
Supplies and Materials S 39,947 4 S 4,097 3.418 S1 882 27 139
o�
Heat, Light and Power:
Electricity 83,922 10,425 S 94,347 66�457
Gas 3,771 3.771 1,846
8$ 7,693 10 425 -0- E -0- S 98.118 a 68,303
Depreciation 55 031 S 58,.947 -0- -0- 5113"978 $113,622
Other -0- -0- 217 -0- S 217 3.589
Totals $210�459 $122.587 �125,212 33,041 $491,299 a422,224
(See notes to financial statements)
City of Brooklyn Center 'F 9
Public UCilities Fund
SEWER OPERATING EXPENSE
For the Year Ended December 3� 1982
With �arative Totals for Year Ended December 31 1981
Classification bv Function
Disposal and Custaner Year Ended December 31,
Pum4ing Transmission Administration Accounting 1982 1981
Personal Services:
Salaries and wages s 53,340 6�292 28,797 S 8a. S 47,288
Payroll [axes 10�334 10,334 9�408
Employee benefits 6,085 6,085 3
53,340 S 6,292 45.216 S -0- 10� 4.848�' S 6Q.186
Contracl Services:
Professional services S 1,679 S 5,522 s 7.201 S 83,933
Postage f 2�632 2.632 2,495
Insurance 2,185 2,185 �2;327
Repairs and maintenance 3,281 3,034 181 6�496 282
Rent and administration 47�574 47�574 43�048
Equipment rental 4,500 7,741 4.362 16,603 11,583
Metro Waste Control Camadssion 690,722 690�722 637,256
City of Brooklyn Park 13.310 13�310 16�619
Miscellaneous
5.403
;708.992 7.534 6E 3.203 6.994 78� 6.723 US8 2,946
Supplies and Matecials 2•536 2.029 6 S 135 1�, 1� 069 6.966
Heat, Light and Power:
Electricity 12,305 105 1 2.410 s 10�066•
Gas 449 449 327
12 754 S 105 S -0- S -0- S 12.859 S 10.393
Depreciation 28 742 48.703 -0- a -0- 77,445 71,438
Other s -o- s -o- a -o- a -o- a -o- s -o-
Totals a806�364 64�663 �114.788 7.129 s992�944 s951�929
as—z: s�ssa o�sao
(See notes to financial atatemeota)
City of Brooklyn Center, Minnesota
AGENCY FUNDS
The Agency Funds were established to account for assets held by the City as
an agent for other City Funds, governments, or individuals.
The Agency Funds are maintained on the modified accrual basis of accounting.
The City's Agency Funds included in this section are:
Housing and Redevelopment Authority A�ency Fund: This Fund was established
to account for the collection of property taxes by the City for the
independent Housing and Redevelopment Authority (HRA) of Brooklyn Center.
Fire Department Relief Association A�ency Fund: This Fund was established
to account for the collection of property taxes by the City for the Brooklyn
Center Volunteer Fire Department Relief Association to be used for
firefighters' pensions.
1
1
City of Brooklyn Center G-1
All A�ency Funds
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
For the Yea'r Ended December 31, 1982
Balance Balance
December 31, December 31,
Z98Z Additions Deductions 1982
Assets
Investments $169,707 $222,051 $322,915 68,843
Due from other governments 43,806 83,746 95,546 32,006
Taxes receivable 1,305 16,244 15,159 2,390
Total Assets $214,818 $322,041 $433,620 $103,239
Liabilities
Accounts payable 7,681 4,257 7,681 4,257
Due to other governments 1,240 1,240
Principal's balance 207,137 74,746 184,141 97,742
Total $214,818 80,243 $191,822 $103,239
(See notes to financial statements)
-80-
City of Brooklyn Center G-2
Housin� and Redevelo�ment Fund
STATEMENT OF CHANGES IN ASSETS ANn LIABILITIES
For Xear Ended December 31, 198Z
$alance Balance
December 31, December 31,
1981 Additions Deductions 1982
Assets
Investments $169,600 $215,226 $322,915 61,911
Due from other governments 43,806 32,006 43,806 32,006
Taxes receivable 1,286 63 1,349
Total Assets $214,692 $247,295 $366,721 95,266
Liabilities
Accounts payable 7,681 4,257 7,681 4,257
Due to other f unds 1,240 1,240
Frincipal's balance 207,011 117,242 89,769
Total $214,692 $124,923 95,266
t
1
(See notes to financial statements)
_gl_
1
City of Brooklyn Center G-3
Fire Department Relief Association Fund
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
For Year Ended December 31, 1982
Balance Balance
December 31, December 31,
1982 Additions Deductions 1982
Assets
Investments 107 6,825 6,932
Taxes receivable 19 16,181 15,159 1,041
Due from other governments -0- 51,740 51,740 -0-
Total Assets 126 74,746 66,899 7,973
Liabilities
Principal's balance 126 74,746 66,899 7,973
Total Liabilities 126 74,746 66,899 7,973
1
1
(See notes to financial statements)
1 82-
City of Brooklyn Center
1
GENERAL FIXED ASSET ACCOUNT GROUP
The General Fixed Asset Account Group was established to account for the
City's fixed assets which are not accounted for in an enterprise fund, and
which are tangible in nature, have a life longer than the current fiscal year,
and have a significant value. Depreciation is not recorded on those assets.
t
1
t City of Brooklyn Center H-1
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS AND SOURCES
For Year Ended December 31, 1982
Balance Balance
January 1, December 31,
1982 Acquisitions Disposals 1982
Investments in General Fixed
Assets ZAt cost)
Land and improvements 996,487 996,487
Buildings and improvements 3,750,381 3,750,381
Park properties (includes buildings) 2,653,574 $128,654 2,782,228
Furniture 372,598 10,331 382,929
Departmental equipment 2,148,967 275,068 2,424,035
Storm sewers and street pro�ects 12,072,468 450,664 12,523,132
Total_Investments
Fixed Assets $21,994,475 $864,717 -0- $22,859,192
Sources of Investments
General indebtedness 600,491 600,491
General Fund revenues (includes
ad valorem taxes) 3,140,822 $414,053 3,554,875
Liquor bonds 304,571 304,571
Contributions 327,398. 327,398
Special assessments 11,891,004 450,664 12,341,668
Capital projects funds:
G.O. bonds 3,129,798 3,129,798
Tax levies 265,243 265,243
Sale of assets 156,654 156,654
Debt Service Funds excess 198,386 198,386
General Fund transfers 253,000 253,000
Interest earned 334,357 334,357
Federal grants 1,071,142 ].,071,142
State grants 321,609 321,609
Total Sources of Investments $21,994,475 $864,717 -0- $22,859,192
(See notes to financial statements)
-83-
t
City of Brookl,yn Center H-2
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31 L �82
Streets
and Storm
Function Total Land Buildin�s E ui ment Sewers
General government $16,326,583 996,487 $2,806,964 $12,523,132
General government
buildings 3,750,381 $3,750,381
Parks (includes
buildings) 2,782,228 2,782,228
Totals $22,859,192 $3,778,715 $3,750,381 $2,806,964 $12,523,132
1
(See notes to financial statements)
1
-84-
City of Brooklyn Center H-3
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
�ar Ended December 31, 1982
Balance Balance
January 1, December 31,
1982 Acquisitions Disposals 1982
General government $15,590,520 $736,063 $16,326,583
General government buildings 3,750,381 3,750,381
Parks (including buildings) 2,653,574 128,654 2,782,228
Totals $21,994,475 $864,717 $22,859,192
1
1
1
1
(See notes to financial statements)
_g5_
City of Brooklyn Center, Minnesota
GENERAL LONG-TERM DEBT ACCOUNT GROUP
1
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 City.
1
1
1
City of Brooklyn Center I
COMPARATIVE SCHEDULE OF GENERAL LONG-TERM DEBT
December 31, 1982
With Comparative Totals for December 31, 1981
December 31
1982 1981
Amounts Available and to be Provided
Amounts available in Debt Service Funds 410,270 508,101
Amounts to be provided:
From future tax levies 2,473,632 2,443,319
From future gas tax allocations 540,000 600,000
Total Available and to be Provided $3,423,902 $3,551,420
General Lon�;-Term Debt Payable
General Obligation Bonds $2,500,000 $2,635,000
State Aid Stxeet Bonds 540,000 600,000
Assessments on City property 193,306 177,960
Sick and vacation accruals 190,596 138,460
Total General Long-Term Debt $3,423,902 $3,551,420
1
1
(See notes to financial statements)
-86-
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, revenues,
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.
i
City of Brooklyn Center TABLE 1
6ENERAL GOVE;RNMENTAL EXPENDITURE BY FUNCTION+E+F
Last Ten Fiscal Years
Public Community
Fiscal General Safety and Public Health Parks and Debt Pension
Year Government Welfare Works Services Recreation Service Expense
1973 s 494,968 587�443 500,840 26,912 466�642 s 384.101 195,125
1974 546,649 700,438 522,297 26,555 484,811 389,397 227,727
1975 628.341 761,670 599�314 43,269 543�271 383,708 202,704
1976 722,116 849,672 692.545 62,014 633,935 411.730 190,890
1977 764,921 961�851 761,542 50,973 639.315 388,130 258,837
1978 868,776* 1,151�480* 733,615 66,423* 795.116'� 380,180
1979 688.539* 1,521.159*� 892,470* 48�576* 860,283*' 356,905
1980 839,907* 1.442,619'E 1,103,166* 37.336* 917,224* 332�139
1981 910,131* 1,588,149� 1�176,447+�• 39.385* 1,162,878* 412,154
1982 1,007�781* 1,901�839'�' 1,213,941* 36,244* 1,I22,299* 419.497
Pension expense is allocated to these functional expenditures
General Fund and Debt Service Funds
City of Brooklyn Center TABLE 2
REVENllE OTfIER TfiAN SPECIAL ASSESSMENTS
last e1' ]ears
I
Charges Net Incame Before
General For Current Licenses Transfers Out
Fiscal Property Shared Services and and Fines and Public Liquor
Year Taxes* Taxes* Other Revenue* Permits'� Forfeitures� Utilities Stores
1973 s1.371.366 922,477 368,382 S S 53�862 527.510 S 123�316
1974 1,542,561 958,058 462,575 88�922 38,644 k35,931 134,995
1975 1,745,667 1,024,571 432,083 101,380 42�940 381�458 150�902
1976 1,725,854 1,432,745 486,371 102�399 48,475 103�848 147�143
1977 1,880�700 1�577,843 472,410 131,107 54�420 187�560 121,536
1978 1,883,745 1,604,452 494,772 179,062 68,281 351�732 134,841
1979 2�272,323 1,887,093 714,894 186�464 82,466 546,930 161,994
19�0 2,416,973 2�731,611 1,127,085 195,931 111,382 937,798 142,456
1981 2,034,252 3,724,683 1.579,396 207,100 111,596 877�668 155�519
1982 2,303,404 3�114,290 1�684,481 2k9,015 146�204 677,762 102,172
c,
ao
General� Special Revenue. Debt Service and Capital Projects Funds.
r r r i
City of Brooklvn Center TABLE 3
TAX LEVIES AND TAX UOLLECTIONS
Last Ten Years
Ratio of
Collections Percentage Collections Accumulated
of Current Levy of Prior Ratio of Delinquent
Year's Taxes Collected Year's Taxes Total Accumulated Taxes to
Year Total During Fiscal During Fiscal During Fiscal Total Collections of Delinquent Current Year
Collected Tax Levv Period Period Period Collections Tax Levy Taxes Tax LevY
1973 31,353,452 $1,302�941 96.27 19�480 $1,322,421 .9771:1 s 42�173 .03116:1 I
1974 1,518,27 1,442,873 95.03 34,450 1�477,323 .9730:1 89,357 .05885:1
1975 1,728,986 1,678,567 97.08 61,791 1,740,358 1.0066:1 144,641 .08366:1
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 96.87 163,701 2�159,322 1.0482:1 170,662 .06285:1
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 2,369,174 1.Q078:1 135.953 .05783:1
1981 2,746�020 2,619;758 95.40 27.183 2,646�941 .9639:1 235�032 .08559:1
m 1982 2�965,702 2�854,658 96.26 45,419 2,900.107 .9779:1 300,627 .10137:•1
of Brooklv!► Center TABIE 4
AS�.."4D VALi9: Al� MARI�T VALLE (JF ALL TAXAH[E PI�PEE�Y
Last Ten Yeazs
1974 1975 1976 1977 1978 1979 19� 1981(3) 1962 19g3
Pbpulation (Actual) 37.207 36.Q54 37,81 36.116 34,110 33.700 3�,950 31,?30 30,990 30,8�
Real Prope�tY
A�.��d value:
city:
Hmestead 53,857,Z.Qi 55,m1,87C) 62,354,181 S ffl.130,468 67,641,018 72,075,015 S 70.906.973 S 8'L;133�535 74,a68.430 75.252,071
F�ccess and mn-1ia�stead 40,147,670 42,501,704 47�138,412 50,356,911 53,976,290 54,893,227 63,6Q5,3Q3 80,626,961 104,775�944 12'1.3ffl,087
Area-�wide allaatia� (r�t) 460,981 133,� (201,206) (1,19D,�i) (1,464,192) (1.832,196) (1,6�,827) (2,357,C�30) (1,437,243)
Total As��1 Value 94,OD4,953 97,ffl4,555 $109,6�6,015 $119,286,173 $1�,427,725 �125,504.Q0 $132,2�,OB0 $161.079,6�fl $176,626,744 $196.183,916
Fstimated h�rlaet Value: $2�2,535,943 $270,(fl9,261 $301,b39,775 $3�9,4b3,243 1 9Z6 955 $396,811,532 $451,519,456 $G04,b37,366 $G57,7�D1.757 $725,476,�9
Personal Pr�i rs�t
l��d value 2,667,185 S 2,552.992 2,8�0.885 3,CCSS4,703 a 3,537,911 4,399,397 3,816,756 4,�7,m6 4,113.767 3
Estimated market vatue S 6,179,500 S 6,b34,865 6.9D5.S/4 7,Cb9.986 8,227,7C1U 10,�17,9D0 8,876,�10 9.365,� S' 9,566.900 9,240,000
Ra[io of AssE.•ssed Val� W
Estimated h�rlaet Value .35972:1 .3636�3:1 .36485:1 .363�i8:1 .317733:1 .319I33:1 .29561:1 .2fi8J0:1 .ZI(H6:1 .D243:1
Per CaPita Valuatio�
��d Value S 2,597.96 a 2,T19.OD 3.431.�3 S 3.386.89 3.634.28 3,95r+.40 4,190.41 5.286.8J 5,83�.71 S 6.494.40
Fstimated h�rket Value S 7.2?2.17 7,504.ffi 8,310.W 9,317.84 11,438.13 12,077.73 S 13�972.55 19,�•� S 21,531.74 S 23.838.97
(1) 197L and subsequent valu�iaRS reflec.t charges as pcovided far in Lews 1971, E�ctra Ses�on, U�apta 31, as am�ded.
(2) 1975 PrapertY values and subsequent values include actual ano�nt allocated puraiar►t to Laae 1971, Bctra Se�ian, Chapta 2k fran aiee�+ide "fbol".
(3) 1981, linti.ted �rlaet value abolished, all p[+opaty ass�sed m es�mated aerlaet value.
r i
City of �oold.m Cent� TA�E S
TAX RA'IFS Alm TAX I�,VIES (Contin�ed next P08e)
Years 15�i0 U�rou�th 19Hi
Canty Total (Yty, School, Cantv a►d Srate N.H.S.
Year Va-�iech �286 •#D9 #281 #11 Spacial State Dist.�286 Dist.�1279 Dist.#281 IAst.�ill
Callectible Citv School (Farl Biaam) (Os.9eo) (Robbinsda]e) (Anoka) ]�Lstricts(3) N.H.S. H.S. (Farl &a�m) (Ossc'o) (Robh�nsdale) (Arnka)(4)
1960 S1A 167.Sb 157.64 120.10 114.70 40.14 14.3¢ 8.10 273.� 263.10 225.56 22D.16
1961 48.26 189.64 163.00 139.� 123.53 41.46 13.ffi 6.8'► 293.21 266.57 242.77 2Z7.10
1962 48.54 �T11.59 179.99 158.69 134.00 45.40 15.51 6.39 321.04 289.44 268.14 �+3.45
1963 �.12 219.0� 184.b2 154.TL� 131.09 47.23 16.85 8.31 333.20 298.8� a66.92 245.29
1964 50.68 ??5.60 189.62 150.06 134.85 52.51 17.14 8.22 345.93 30'9.95 27C).41 255.18
1965 49.� 2I5.26 195.50 154.72 144.77 59.69 16.14 6.84 240.89 321.13 2�.35 270.40
1966 41.G2 227.71 199.96 155.00 153.23 55.66 18.42 18.3� 352.92 3�5.68 280.70 278.93
1967 51.5� ?27.90 ?�3.00 128.76 160.00 53.3� 17.a4 17.14 349.89 3�4.99 280.75 281.99
19�fi{B 51.34 236.29 211.80 163.56 188.32 64.77 352.40 3Z7.91 27,9.67 304.43
1969 50.94 .78 Z66,fi3 252.28 184.57 265.29 7Q.00 388.35 374.00 306.29 386.23
197U 49.65 4.51 294.55 295.42 215.01 247.66 77.18 425.89 4a6.76 34635 424.49
Fo 1971 44.11 7.96 25031 216.00 71Y+.9D T57.09 77.02 379.40 345.09 333.99 378.22
19TL 43,04 10.38 183.2�► 166.09 147.20 173.66 80.45 317.11 299.96 281.07 297.17
1973 14,718(1) 2.644(1) 55.786(1) 54.C1�3(1) 44.727(1) 54.9Z0(1) 27.014(1) 100.1b2(1) 96.399(1) 389.103(1) 96.fi52(1)
1974 15.710 3.OB4 56.805 54.b34 50.2�9 54.845 28.965 104.564 102.393 98.045 99.Sa'J
1975 17.988(2) 3.372 61.074 57.664 50.787 60.190 33.142 115.576 112.156 1Q5.289 111.3�0
19% .15.fA7(2) 2.759 54.Z04 53.435 49.043 55.270 31.275 10:i.845 103.076 96.G84 1�.I52
1977 15.7Z5(2) 2.485 52.6fi3 53.648 49.875 58.400 34.063 104.936 1�i.921 102.148 106.188
I978 16.646(2) 2.123 53.537 52.434 49.b90 55.840 35.�6 107.401 106.298 103.554 107.5T1
1979 ll.8� 2.227 47.451 45.073 46.645 47.7CJ6 35.450 103.OB 100.630 102.a02 lO1.Q36
19� 17,245 1.681 42.981 39.345 41.473 43.212 34.580 95.481 92.851 9�+.9A 95.U37
1981 16.603 1.510 33.A2 33.427 40.757 37.996 33.373 84.996 84.913 92.2k3 87.9?2
1962 16.397 1.4ffl 38.781 42.993 50.524 46.847 33.567 91.214 94.436 1�.�7 96.811
1�'3 I5.971 I.119 42.89G 46.� 52.510I 45.474 33.557 93.543 tX.i.6B2 103.548 95.OQ2
G�ty of Brooklvn Center TA�E 5
TAX RA1F5 AAID TAX IEV� (Cattlnied fmm p�tar page)
Tie:s�rouq�Ti T�$3'
Tax Levi�es rn Pronertv Wit�dn &noktm Cer►tez'
Acea 5rliool D!is�ict Canty Total (5ity
Y�r Vac-Tech iZe6 NZ79 N2B1 �fll lbtat Special Sct�mis
Gollectihle sctnol (I?arl 9r«�t►1 cosseo) (tioblrinsdale) cnrr�lca) sdbol nistrictscs) cicv scace coincy scace
1960 427,311 4fi5,174 248.38'L 42,211 51,183,078 479�907 s 404,905 84,515 2�152,4�
19fi1 497,9D7 6b5,299 3Z0.697 43,8� 1�5�7,783 451,594 452.289 91,090 2,5�2.756
19G2 551,349 771,611 367.b91 59�153 1,749,8D4 440,294 47i0,746 98,1a8 2,756.952
19fi3 587,6(i5 83D.918 524�099 76,198 2,018.8� 528.874 561,236 i39,015 3����
1964 622'L,578 8�3,842 52b,189 100,1Op 2,132,711 615.335 593,890. 147 3,489,7L1
1965 668,961 976,585 614,756 140,9zi 2,401�225 774,230 b`A�137 153,954 3.9B1.,546
1966 718,353 1.00:i,287 623,412 171,926 2.526.978 744,231 690,212 245�668 4,�7,�9
1967 836,6ffl 1,142.57i0 790,174 210,428 2,979,841 828,401 �4,Ei58 266,168 4,861,268
1968 888,G84 1,Z00�483 901,846 295,160 3�286,173 1.Of/9.364 847,63� 5.2D3�1b9
i969 S 16,09fi k.238.004 1.771+�773 1,317,751 535,263 4,831,887 1,444.592 1,�1,250 7,327,719
1970 99,033 1,375�490 2,071,747 1,689,434 A9,896 5.955,600 1,b94,770 1�090,248 8,740�618
1971 216,936 1,580,568 1,fl52,268 1,889,969 8D7,230 6,346,973 2,099,064 1,�2,152 9.648,189
1972 255,036 1,190,09+ 1,436,342 1,357,686 555;856 4,825,014 2,?34.127 1,195,237 8.254�378
1973 240,8� 1�Z73,089 1,�6,993 1,317,268 559,411 4,937,581 2�460.486 1,340,542 8,738.610
1974 298,106 1,466.912 1,571,7(l6 1,535,659 6�,575 5�504,960 2,799,819 1�518�5G2 9,83�.341'
1975 296,212 1,b62.5b5 1,742�iQ5 1,552,542 754.898 5,998.322 3�370,6� 1,805,754 11,174.756
1976 7A,428 1�681,797 1�HY+,010 1�6�29,635 789,077 6,174,947 3,511,97'9 1,752,564 11,439,490
1977 265,953 1,786,278 1,834,979 1,8�0,122 910,67'9 6,598.0� 4.156.788 1,&9,989 12.fA4,779
N 1978 231,486 1�853.473 1�865,301 1.841,345 899,060 6,6�,617 4,345,ffl0 2,OfA,Ol2 13.�6,319
197'9 252.099 1,753,457 1�711,961 1,8�5.864 794,9�i4 6,328.345 4,b03.Q09 2,316,b8�► 13.248,038
196D ?1X3,7f.3� 1,737,432 1,568,491 1�650.314 1,552,b61 6,712�141 4,711,671 2.350,962 13,774,774
1981 737.607 1,�9.916 1.b96�937 2,�8.145 766,�J12 6.�39,577 5.925.�4 2.947�717 15,512�37d
198� 2fi5,506 2,422,618 2,061,0(b 2.b06�004 861�745 8,236.8� 6.066.917 2.9Ei3,6� 17,267�3Q9
1983 �,256 2,790,�6 2,b25,�7 2�781,573 1�049,119 9,536�963 6�716,93�9 3��3�D4 19�459.07G
(1) Due to deternrinatia► of �.x.l valuatia� calculatia� ct�d by state ]aw (3) Includes h�tro Co�ndl. h�tro 1�a�it Cau�sia►, Mosqidto Cantrol Uistrict
erected in 1971 the resulting rmll rate is appro�tely an�third as g�eat Parlc MLLSe+m.
as before.the enactment of the rew law.� (4) Area Vac Tech adnal tax rate is excluded.
(2) 1trludes tax levy far the Hausing and Redevelnpment Autha'ity a£ �ooklyn Cer�e�.
r r
�r �r r r�
City of Brooklyn Center TABLE 6
SPECIAL ASSESSMENT C70LLECPIONS
Last Ten 1�ears
Current Special Total
Assessments Amount Ratio of Current and
Installments Collected Current Delinquent
Becoming Due Currently Collections Assessments Current
Fiscal During the During the to Amount Uncollected Percentage Balance
Period Fiscal Period Fiscal Period Due At Year End Collected Uncollected
1973 787,054 589,500 .7490:1 S'312�177 94.89 S
•1974 742,130 634,434 .8549:1 202,970 85.49 -0-
1975 679,068 567,338 .8355:1 314�700 83.55 -0-
1976 736,438 444,699 .6039:1 606,439 60.39 -0-
1977 663,514 406,029 .6119:1 633,094 61.19� -0-
1978 607,046 407,224 .6708:1 668.578 67.08 609
1979 585,105 461�550 .7888:1 361',906 78.88 2.599
I98(J 655�175 572�104 .8732:1 189,808 87.32 16,728�
1981 395�439 335;859 .8493:1 152�059 84.93 37�527
1982 733,198 649,472 .8858:1 83,726 88.58 83,726
w
City of BrooklYn Center
RATIO QF N8T BONDRA DEBT To A5S�.S.SEU VALU� ANA AQNAEA CAPITA
�ast Ten Years
Ratio of Net
Less: Amount Bonded Debt Net Bonded
Fiscal Estimated Assessed Gross in Debt Net to Assessed DebC Per
Period Population Value Bonded Debt Service Funds Bonded Debt Values CaPita
1973 37,102 91,081,877 $9,224,000 S2,i18,269 �7,105�731 .0780:1 5191.52
1974 36�954 96�662,138 8,407,000 1,874�002 6�532�998 .0675:1 176.79
1975 37,081 100,386,566 7�605,000• 2,115,984 5�489�106 .0547s1 184.02
1976 36�116 112,293.478 7�770.000 2,118�250 5,581,750 .0497i1 154.55
1977 34.110 122�320,876 7�015�000 2�193,710 4,821�290 .0394:1 141.35
1978 33�700 123�965,136 6,215,000 2�652�259 3�562,741 .02873:1 105.72
1979 32,950 129�893�447 5,475,000 3,138,481 2�336,519 .01799:1 70.9I
1980 31,230 '136,096,846 6.265,000 2,519,067� 3,745�933 .02752:1 119.95
1981 30.990 165�106�705 5,650.000 3,031.398 2�618�602 .01586:1 84.5U�
1982 30,820 180�740,511 7�680�000• 4.145,073 3,534�927 .01956:1 114.70
r
City of Brooklyn Center TABLE 8
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1982
Assessed value, January 1, 1982 $200,157,503
Debt limit b.677 of assessed value (See Note A)
Total bonded debt $7,680,000
Deductions (See Note B):
A. Bonds
1. Special Assessment
Bonds $4,200,000
2. State Aid Street
Bonds 540,000
3. Utility Revenue
Bonds 440,.000
$5,180,000
B. General Debt Service
Fund 558,996 $5,738,996
Total Debt Applicable to Debt Limit 1,941,004
Legal_Debt_Margin, $_11,409,501
Note: (A) M,S.A. Section 475.53 (See following page)
Note: (B) M.S.A. Section 475.51 (See following page)
95-
City of Brooklyn Center TABLE 8
STATEMENT OF LEGAL DEBT MARGIN
December 3� 1982
Note (A): M.S.A. Section 475.53 et seq. Limit on Net Debt:
"Subdivision 1. Generally, except as otherwise provided in sections
475.51, no municipality, except a school district or a city of the
first class, shall. incur or be subject to a net debt in excess of
6.67 per cent of the assessed value."
Note (B): M.S.A. Section 475.51 Definitions:
"Subdivision 'Net Debt' means the amount remaining after deduc-
ting f rom its gross debt the amount of current revenues which are
applicable within the aggregate of the principal of the following:
(1) Obligations issued for improvements which 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 reimbursements in whole or in part from the proceeds of
the special assessments.
(2) Warrants or orders having no definite or fixed maturity.
(3) Obligations payable wholly from the income from revenue-
producing conveniences.
(4) Obligations to create or maintain a permanent improvement
revolving fund.
(5) Obligations issued for the acquisition, and betterment of public
water-works systems, and public lighting, heating or power systems,
and of any combination thereof or for any other public convenience
f rom 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
authorizing their issuance are not to be included in computing the
net debt of the municipality.
96-
r r �r
City of Brooklyn Center TABLE 9
COMPUTATION OF DIRDCT AND OYERLAPPING DEBT
December 3�, 1982
City of Brooklyn Center
Sh�re
Governmental Unit Gross Debt Sinkinst Funds Net Debt Per Cent Amount
Direct and Overla in Debt
Direct Debt:
City of Brooklyn Center (1) 7,680,000 4,145,073 3 534,927 100.00Z 3,534.927
Overlapping Debt:
School Districts:
No. 281 (Robbinsdale) 17,730,000 4,789,583 S 12,940.417 10.20� 1,319,923
No. 11 (Anoka) 25,905,000 7,852,364 18,052,636 5.90 1,065,106
No. 279 (Osseo) 22,730,000 2,768,000 19.962,000 26.80 5,349,816
Yo. 286 (Brooklyn Center) 775,U00 22,888 752�112 100.00 752,112
Area Voc. Tech School:
No. 287 12�400,000 2,996,32Z 9,403,678 4.90 460.780
Metro transit 20,050;000 3�304,000 16,746,000 1.50 251,190
Metro council (2) 32,780,000 23,158,069 9,621,931 1.50 144,329
Metro airport (3)
Hennepin County 35,967,907 7,156,071 28,811�836 2.70 779.920
Hennepin Coanty Park District 1 958.258 291.742 2.70 i,877
Total Overla Debt. $169,587,907 53,005,555 $116,582.352 I0.131,053
Total Direct Overlapping Debt $177,267,907 57,150,628 a120�117,279 13�665�980
:�=�a�:s�__�_
___��s.
m
y
(1) Tncludes $4,200,000 debt outstanding to be paid from special assessments, a540,000 debt outstanding on State
Aid Street Bonds, and $440,000 debt outstanding on revenue bonds.
(2) Excludes $192.148,033 (less $26,738,694 fn sinking funds) of the Metro Council issued G.O. sewer bonds.
These sewer bonds are supported from sewer service charges to government units (including Brooklyn Center)
within the metro sewer system.
(3) Excludes 5131,440,000 (less $22,546,028 in sinking funds) of G.O. Airport bonds supported from sirport user
fees and rentals.
Overlapping
Comparative Net Debt Ratios Chart�eable to City Total Debt Debt
Debt to assessed value ($200,157,503) 6.83x 1.77X 5.06�
Debt to market value ($734,716�989) 1.86x .48Z 1.38Z
Per capita debt (population 30,820) 5443.42 a114.70 $328.72
Cit� of Brooklyn Cente TABLE 10
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Years
Ratio of
Total Total Debt Service
Debt General to Ge�eral
Year Principal Interest Service Expenditures'%` Expenditures
1973 $165,000 $219,101 $384,101 $2,278,020 16.86�
1974 180,000 209,397 389,397 2,577,758 15.10
1975 185,000 198,708 383,708 2,839,621 13.51
1976 225,000 186,730 411,730 3,244,183 12.76
1977 215,000 173,130 388,130 3,239,892 11.98
1978 220,000 160,180 380,180 4,146,063 9.17
1979 210,000 146,905 356,905 5,267,380 6.78
1980 195,000 134,211 329,211 7,931,555 4.15
1981 185,000 226,785 411,785 6,457,274 6.37 t
1982 195,000 224,100 419,100 7,188,860 5.83
Includes General, Special Revenue, Debt Service and Capital Projects Funds.
g8-
I
1 City of Brooklyn Center TABLE 11 I
SCHEDULE OF REVENUE BOND COVERAGE
�st�I`en Years I
Net Ratio of Net
Gross (1) Revenue Debt Service Revenue to
Year Revenue Expenses Available Principal Interest Total Debt Service
1973 $1,053,238 383,000 700,238 $30,000 $30,525 $60,525 11.6 to 1
1974 1,048,447 471,046 577,401 30,000 29,400 59,400 9.7 to 1
1975 1,107,926 556,573 551,353 30,000 28,275 58,275 9.5 to 1
1976 1,235,274 710,662 524,612 35,000 27,105 62,105 8.4 to 1
1977 1,145,563 761,542 384,021 35,000 25,740 60,740 6.3 to 1
1978 1,371,519 817,154 554,365 35,000 24,375 59,375 9.3 to 1
i 1979 1,572,244 824,417 747,827 35,000 23,010 58,010 12.9 to 1
19$0 1,950,340 952,850 997,490 35,000 21,645 56,645 17.6 to 1
1981 2,272,211 1,189,203 1,083,008 40,000 20,280 60,280 17.9 to 1
Z982 2,242,053 1,5b4,291 677,762 40,000 18,720 58,720 21.54 to 1
(1) Excludes depreciation and interest on bonds.
1
99-
City of Brooklyn Center TABLE 12
PROPERTY VALUE AND CONSTRUCTION
Last Ten Fiscal Years
Commercial Residential
Construction Construction
Fiscal Number Property Value#
Year Value of Units Value Commercial Residential Non-Taxable
1973 3,635,104 35 834,140 93,702,944 $168,832,999
1974 5,742,259 20 497,600 57,725,427 204,701,794 50,386,615
1975 3,915,836 39 1,164,932 77,895,417 213,950,371 SQ,386,615
1976 1,757,755 65 1,919,500 82,820,196 251,332,282 50,386,615
1977 3,584,198 80 2,179,300 125,012,840 256,914,115 50,386,615
1978 5,247,131 239 6,816,300 140,651,752 285,436,500 50,386,615
1979 8,209,394 76 3,392,700 161,917,915 330,196,500 50,386,615
1980 12,554,300 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 2,055,000 235,045,689 490,430,400 52,828,091
Estimated market value
Exempt assessment not available prior to 1974
100-
City of Brooklxn Center TABLE 13
P�I�IPAL TAXPAYERS
December 31, 1982
Percentage
1 1982 of Total
Market Market
Taxpayer Type of Business Valuation Value
i Equitable Life Assurance Brookdale $24,225,000 3.3�
Society of America
Brooklyn Center Industrial Land and also office 16,287,600 2.2
Park, Inc. buildings
Prudential Insurance Land and also warehouses 9,808,700 1.4
Company of America
Brooklyn Center Development Land and office 7,657,600 1.1
Company
Sears Roebuck and Company Department store 6,210,700 .9
Twin Lake North Apartments 5,180,400 .7
1 Commercial Partners Brookdale Square 4,975,800 .7
Donaldson's Store and Car Department Store 4,755,800 .7
Center Allied Central Stores
Dayton-Hudson Corporation Department Store 4,675,900 .6
Center Development Company Apartments 4,416,400 .6
$88,193,900 12.2�
1
1
1
1
1
1
�o
1
City of Brooklvn Center TABLE 14
SIA�IMARY OF DEBT SERVICE REQUIREMEWTS TO MATURITY
December 31 1982
G.O. Special G.O. State-Aid Total
General Obli¢ation Bonds Assessment Bonds Street Bonds Water Revenue Bonds Debt Service Requirement
Year Princinal Interest Principal Interest Princinal Interest Principal Interest Principal Interest
1983 a 180,000 176,480 345,000 227,830 60�000 S 33,750 S 40,000 S 17�160 S 625�.000 s 455,220
1984 195,000 164,050 650,000 275,279 60,000 29,940 40�000 15,600 945,000 484,869
1985 195,000 150,495 440,000 238,575 60�000 26,070 45�000 13,991 740.000 429,I31
1986 210,000 136,520 325,000 210,935 60.000 22,140 45.000 12,285 640,U00 381�880
1987 220,000 121,420 315,000 189,795 60,000 18.165 45,000 10,530 640.000 339,910
1988 240,000 105,520 300�000 168,620 60,000 14,160 45,000 8,775 645�000 297,075
1989 250,000 88,670 280,000 147,480 60�000 10,125 45,000 7,020 635�000 253.295
1990 120,000 71,100 260,000 126,980 60�000 6,075 45�000 5.265 485.000 209�420
1991 280,000 56,420 260,000 107,070 60,000 2,025 45�000 3.510 645,000 169�025
1992 300�000 34�810 200.000 88,150 45�000 1.755 545.000 124�715
0
1993 310�000 11,780 175,000 71,387 485,000� 83,167
1994 175,000 55,200 175.000 55.200
1995 175,000 38,488 175�000 38.488
1996 150.000 22.500 150,000 22,500
1997 150,000 7,500 150.000 7,500
SZ.S00.000 $I,117,265 $4�2U0,000 $1,975�789 540,000 162,450 S 440,000 95,891 57�680,000 53,351,395
M..
City of Brooklyn Center TABLE 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1982
Type of Coverage and Details Policy Period Liability Limits
From To
I. Statutory Liability to Employees
a. �orkers' Compensation 1-1-83 1-1-84 Statutory
(participant in the League of
i Minnesota Cities Insurance Trust
Self-Insured Workers' Compensation
Program)
II. Liability to the Public
a. General liability, comprehensive 2-1-81 2-1-84
(1) Bodily injury 500,000 combined single
limit
(2) Property damage 500,000 combined single
limit
(3) Personal injury 500,000 combined single
limit
b. Automobile liability,
comprehensive 2-1-81 2-1-84
(1) Bodily injury 500,000 occurence
j (2) Property damage 500,000 occurrence
(3) Uninsured motorist 500,000 occurence
c. Liquor stores' dram shop 1-1-83 1-1-84 500,000 aggre ate per
g
location
d. Umbrella liability 5 5 5,000,000 aggregate, $10,000
retained limit
III.Loss of Income on City Enterprises
a. Liquor stores 2-1-81 2-1-84 50,000 per location
b. Public utilities 2-1-81 2-1-84 300,000
-103-
Cit� of Brooklyn Center TABLE 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1982
Buildin s Content:
g
Structures (Actual
(Replacement Cash
Type of CoveraQe and Details Policy Period Cost) Value)
From To
IV. Insurance on City Property
a. Public and institutional 2-1-83 1-1-84
property, all risk, blanket
$12,639,594; $100 deductible
90� co-insurance stated values
(1) Civic center $3,968,000 $400,000
(2) East fire station 426,000 41,000
(3) Municipal service garage 877,000 80,000
(4) Elevated water towers 3 locations 2,211,000 -0-
(5) Park shelter buildings 17 locations 1,071,000 44,000
(6) Pump houses 7 locations 372,000 108,000
(7) Lift stations 9 locations 259,000 65,000
(8) Meter station 12,000
(9) Storage building 47,000
(10) Outdoor lighting systems 7 locations 254,200
(11) Liquor store and fire station 403,000 176,000
(12) Leased liquor stores 2 locations 304,000
(13) Movable properties 154,974
(14) Pedestrian bridge 363,000
(15) Picnic shelter 41,000
(16) Maintenance building 35,000 64,000
Liabilit,y Limit
b. Boiler and machinery 2-1-83 2-1-84 $3,000,000 per accident
c. Automotive physical damage 2-1-83 2-1-84 1
(1) Comprehensive ACV no deductible
(2) Collision ACV $S00 deductible
i
V. Criminal Acts
a. Faithf ul 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 contractual liability
(d) Products liability
{e) Public officials liability
-104-
Cit� of Brooklyn Center TABLE 16
SCHEDULE OF CAS� AND TEMPORARY CASH INVESTMENTS
December 31, 1982
Cash in Banks:
First Brookdale State Bank
Brooklyn Center, Minnesota 103,794
First National Bank of Minneapolis,
Minneapolis, Minnesota 929
Temporary Investments:
Interest
Type Rate Maturity Cost
Certificates of deposit 8.35 11.75� 1983 $1,139,964
Savings and Loan certificates 10.45� 1983 200,000
U.S. Treasury notes 4.25 10.00� 1983-1992 4,418,758
Federal Land Bank bonds 7.356 8.10� 1983-1987 1,293,125
Federal Home Loan Bank bonds 7.65 16.228� 1983-1987 2,332,188
Federal Home Loan discount notes 12.43� 1983 498,032
Federal National Mortgage
Association bonds 7.43 15.05� 1983-1986 3,820,609
Federal National Mortgage
Assaciation discount notes 8.51 12.56� 1983-1992 2,745,046
Federal Farm Credit Bank bonds 9.20 14.89� 1983-1984 2,169,031 18,616,753
Interfund borrowings (temporary improvement notes): 132
Accrued interest on investments 350,570
Change Funds 4,495
Total Cash and Temporary Cash Investments $19,209,034
1
1
_105-
City of BrooklYn Center
MISCELLANEOUS STATISTICAL FACTS
December 31 1982
Date of Incorporation February 14, 1911
Date of Adoption of City Charter November 8, 1966
Effective December 8, 1966
Form of Government Council-Manager
Fiscal Years Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 103.6
State 13.2
County 3.2
Miles of Storm Sewers 38
Number of Street Lights 922
Building Permits:
Number of Permits Issued:
1982 516
1981 518
1980 563
1979 606
1978 818
1977 566
1976 568
1975 645
1974 423
1973 390
1972 708
1950 1971 inclusive 12,763
Estimated Cost:
1982 5,968,824
1981 16,190,205
1980 17,454,690
1979 13,081,520
1978 13,57$,901
1977 6,228,087
1976 3,786,838
1975 5,972,910
1974 6,968,172
1973 5,110,140
1972 19,907,041
1950 1971 inclusive 161,132,483
-106-
City of BrooklXn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1982
1 Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 34
Police Protection:
Number of Stations 1
Number of Employees 48
Vehicle Patrol Units 15
Parks and Recreation:
Park property totals 522 acres developed to serve a wide variety of
recreational interests. Areas include •playlots, playgrounds, playfields,
trails, nature areas and an Arboretum.
Full-time employees 17
Part-time employees 200 (seasonal)
Playgrounds 17
Park shelters 17
Ice skating rinks 8
Hockey rinks 6
Softball diamonds 25
Baseball diamonds 6
Tennis courts 12
Basketball courts 17
-107-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1982
Education:
Public Schools:
School districts within Brooklyn Center (4)
No. 11 No. 286 No. 281 No. 279
(Anoka) (Ear1e Brown) (Robbinsdale) (Osseo)
Total school buildings 34 2 21 18
School buildings within
Brooklyn Center 1 2 1 3
Total students registered 30,335 1,298 15,693 15,899
Students from Brooklyn
Center registered 1,238 1,298 630 2,263
Total square miles in
school district 172 2.8 30 66.5
Square miles within
Brooklyn Center 1.5 2.8 2.25 2.5
1982 assessed valuation $623,567,854 71,470,458 $642,168,963 $420,558,000
1982 assessed valuation
in Brooklyn Center 20,373,126 67,618,581 56,904,146 52,725,306
Parochial schools (1)
St. Alphonsus School grade 4- 8- Total Students registered 350
Assessed valuation prior to fiscal disparities and tax increment calculations
Municipal Water Plant:
Number of connections 8,326
Average daily consumption 3,711,540 gallons
Peak daily consumption 10,194,000 gallons
Plant capacity daily 15,264,000 gallons
Miles of water mains 109.6 miles
Number of fire hydrants 781
Number of wells 7
Number of elevated reservoirs 3
Storage capacity 3,000,000 gallons
Water rate per thousand 35 cents
-108-
r
City of Brooklyn Center
MISCELLANE�US STATISTICAL FACTS
December 31, 1982
Municipal Sewer Plant:
Number of connections 8,480
Miles of sanitary sewer 99.6
Daily disposal capacity 7,416,000 gallons
Number of lift stations 9
Residential rate 21.25
Municipal Liquor Stores (Off Sale):
Number of owned stores 1
Number of leased stores 2
1982 sales $2,469,630
City Employees:
As of December 31, 1982
Permanent or regular 141
Temporary or part-time 139
Total 280
Elections:
Registered voters City election 1981 19,186
Number of votes cast in city election 2,409
Percentage of registered voters voting 12.6�
Registered voters last state election 1982 20,974
Number of votes cast last state election 1982 14,051
Percentage of �egistered voters voting 1982 67�
Population:
1940 1,870
1 1950 4,284
1960 24,356
1965 (special census) 30,108
1980 31,230
1981 (per official estimates) 30,990
1982 (per official estimates) 30,820
-109-