HomeMy WebLinkAboutAnnual Audited Financial Report-1966 AN N UAL
AUDITED FINANCIAL REPORT
of the
CITY MANAGER
o f
BROOKLYN CENTER, MINNESOTA
for the Year Ended December 31, 1966
DONALD G. POSS, CITY MANAGER
Prepared by
I THE DEPARTMENT OF FINANCE
Paul W. Holmlund, Director
(Member of Municipal Finance Officers
Association of the United Stctes and Canada)
City of Brooklyn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31 1966
Elected Officials
Term of Office Term Expires
Mayor Philip Cohen Two years 12-31-67
Councilman Howard Heck Three years 12_31-69
Councilman John Leary Three years 12-31-67
Councilman Theodore Willard Three years 12-31-68
Councilman Gordon Erickson One year 12-31-67
Officials Not Elected
City Manager ponald G. Poss
City Clerk Earl Simons
City Treasurer Roger Van House
Assistant to the Administrator Allen S. Lindman
Administrative Assistant Thomas Hadd
Administrative Assistant Richard Cihoski
Departxnent Heads:
Finance Paul W-. Holmlund
Public Works Charles Van Eeckhout
Police Thomas G. O'Hehir
Fire Donald Mason
Protective Inspection Jean R. Murphey
Civil Defense Edwin Coleman
Parks and Recreation Eugene Hagel
Assessment John Nordberg
Liquor Stores Truman Nelson
Street Superintendent Henry Davis
Public Utilities Superintendent Frank Smith, Jr,
Superintendent of Engineering Clenn Dale Hamilton
Health Officer R. I. Shragg, M. D.
Fire Marshall Robert Cashman
Sanitarian Charles Schneider
City Attorney The Law Firm of James H. Johnston
City of Brooklyn Center
LISTING OF CIT Y OFFICIALS
At June 14, 1967
Elected Officials
I� Term of Office 7'erm Expires
Mayor Philip Cohen Two years 12-31-67
Councilman Hotivard Heck Three years 12-
Councilman John Leary Three years 12-31-67
Councilman Theodore Willard Three years 12-31-68
Councilman Gordon Erickson One year 12-31-6?
Officials Not Elected
City Manager ponald G. Poss
Deputy City Manager Thomas Hadd
City Clerk Allen S. Lindman
City Treasurer Paul W. Holmlund
Administrative Assistant Richard Cihoski
Department Heads:
Finance Paul W. Holmlund
Public Works Charles Van Eeckhout
Police Thomas G. O'Hehir
Fire Donald Mason
Protective Inspection Jean R. Murphey
Civil Defense Edwin Coleman
Parks and Recreation Eugene Hagel
Assessment John Nordberg
Liquor Stores Truman Nelson
Street Superintendent Henry Davis
Public Utilities Superintendent Frank Smith, Jr.
Su�erintendent of Engineering Glenn Dale Hamilton
Health Officer R. I. Shragg, M, D.
Fire Marshall Robert Cashman
Sanitarian Robe rt Hutchison
I City Attorney The Law Firm of james H. Johnston
City of Brooklyn Center
Location of City Properties
December 31, 1966
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Park System Key
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i 2, Orchard Lane Park
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4. Lake side Park
5. Brooklane Park
6. Wangstad Park
7. Northport Park
City General Properties 8. Happy Hollow Park
A. Water tower 9, East Palmer Lake Park
B, Fire station Liquor store #2 10. Garden City Park
C. Library 11. Proposed Park
D. Liquor store #3 (located on leased property 12. Lions Club Park
Brookdale) 13. Grandview Park
E. F. Vacant 14. Evergreen Park
G. Well 15. Bellvue Park
H. Garage 2 wells 1 water tank 16. Undeveloped
I. Liquor store #1, fire station, garage and
police department
City of Brooklyn Center
ANNU.AL FINANCIAL REPORT
For the Year Ended December 31 1966
TABLE OF CONTENTS
Exhibit
Numbe r
Letter of Transmittal
General Comments
Financial Statements Section
Auditor's Report
Combined Balance Sheet December 31 1966 1
General Fund Statements
Balance Sheet December 31, 1966 2
Analysis of Changes in Unappropriated Surplus
Year 1966 3
Statement of Revenue Estimated and Actual
Year 1966 4
Statement of Expenditures, Appropriations
And Encumbrances Year 1966 5
Statement of Expenditures and Encumbrances
Classified as to Activity, Character and Object
Year 1966 6
5pecial Revenue Funds Statements
Combined Balance Sheet, December 31 .1966 7
Combined Analysis of Changes in
Unappropriated Surplus Year 1966 8
i
C ity of B rooklyn C ente r
ANNUAL FINANCIAL REPORT
For the Year Ended December 31, 1966
TABLE OF CONTENTS
Exhibit
Numbe r
Specia�. Revenue Funds Statements, Cont'd
Park Board k'und
Statement of Revenue Estimated and Actual
Year 1966 g
Statement of Expenditures, Appropriations
And Encumbrances �'ear 1966 1Q
Statement o� Expenditures Glassified as to I
Activity, Character and Object Year 1966 11
Poor Fuz�d
Statement of Revenue and Expenditure s
Ysar 1966 12
Bond Funds Statements j
Combined Balance Sheet December 31 1 6 I
96 13
Goxnbined Statement of Appropriations
And Expenditures Year 1966 14
Debt 5ervice Funds 5tatements
Combined Balance Sheet Decernber 31, 19E�6 15
Gombin�d Statement of Revenue, ExpEnditures
And Surplus Year 1966 1�
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended Decexnber 31, 1966
TABLE OF CONTENTS
Exhibit
Numbe r
Special Assessment Funds Statements
Combined Balance Sheet December 31, 1966 17
Combined Statement of Revenue, Expenditures
And Unappropriated Surplus for Debt Retirement
Year 1966 ig
Statement.of Construction Expenditures
Compax�ed to Appropriations Year 1966 19
Statement of Long-Term Debt (Principal Amount)
December 31, 1966 20
Public Service and Enterprise Funds Statements
Munici al Li uo F
p q r und
Balance Sheet December 31, 1966 21
Analysis of Changes in Surplus Year 1966 22
Statennent of Income and Ex ense Year 1966 23
P
Statement of Long-Terxn Debt
December 31, 1966 24
Pub1iG Utilities Fund
Balance Sheet December 31, 1966 25
Stater�nent of O rations and Earned Sur lus
I� p
Year 1966 26
Water De artment O eratin Ex enses Year 1 66 27
P P g P 9
Sewer Department Operating Expenses Year 1966 28
Summary Statement of Plant and Property and
Provisions for Depreciation
December 31, 1966 29
5tatement of Long-Term Debt Bonded
December 31, 1966 30
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1966
TABLE OF CONTENTS
Exhibit
Numbe r
Agen�y Funds Statements
Combined Balance Sheet December 31 1966 31
Combined Statement of Revenue, Expenditures
And Fund Balances Year 1966 32
Investm,ent Trust Fund (A fund to accomodate the investment
of temporary cash surpluses)
Balance Sheet December 31 1 66
9 33
Statexnent of Earnings Year 1966 34
Changes in Participating Fund Balances Year 1966 35
General Fixed Assets and General Lon�-Term Debt
Suxnmary Statement of General Fixed Assets
December 31 1966 36
Sumrnary Statement of General Long
Debt and Interest December 31 1966 37
Schedule of General Long-Term Debt and
Interest by Maturities 38
Notes to Financial Statements
Note 1 All Funds
Note 2 Special Assessxnent Funds
Note 3 Special Assessment Funds
Note 4 Municipal Liquor Fund
Note 5 Municipal Liquor Fund
Note 6 Public Utilitie g Fund
Note 7 Summary 5tatement of General Lon�-Term Debt and Interest
Note 8 All Funds
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1966
TABLE OF CONTENTS
Statistical Information Section
Assessed Value and Estimated True Value and
Market Value of All Taxable Property by Budget
Years Schedule I
Tax Rates and Tax Levies
Years 1950 Through 1966 Schedule II
Note s to Tax Rate s and Tax Levie s Schedule III
Tax Levies and Tax Collections
Years 1961 Through 1966 Schedule IV
5pecial Assessment Collections
Years I961 Through 1966 5chedule V
Revenues Other Than Property Taxes
and Spec�al Assess�nents
Years 1961 Through 1966 Schedule VI
Expenditures for SeZected Functions
Years 1961 Through 1966 Schedule VII
Ratio of Net Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita
Years 1961 Through 1966 Schedule VIII
Statement of Legal Debt Margin
December 31, 1966 Schedule IX
I Miscellaneous Statistical Facts Schedule X
GITY
OF ADMINISTRATIVE OFFICE
B OOKLYN
71 OO OSSEO ROAD
C ENTER BROOKLYN CENTER MINNESOTA 55429
TELEPMONE 61- 44
5 5 0
�I
.MINNEAPOLIS
June 14, 1967
To the Mayor and Council
City of Brooklyn Center, Minnesota
Gentlemen•
Section 7. 12 of the City Charter requires the City Manager
to submit an audited report to the Council covering the entire
financial operations of the City for the past year on or before the
last day of June. A summary of that report shall be published in
the official city newspaper on or before July 31 of each year,
The annual audited financial report of the City for the year
ended December 31 1966 prepared by the Department of Finance
under my general supervision, is submitted for your �onsideration.
The summary of the report will be published in the Brooklyn Center
Post on July 13, 1967.
Respectfully su}�mitted,
��-c r `��c�.,-y
Donald G. Poss
City Manager
City of Brooklyn Center
Audit Year 1966
GENERAL COMMENTS
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
I determines all matters of policy. The Council is composed of a Mayor and
I
four Councilmen who are elected at large. Each Councilman serves a term of
three years and the Mayor serves a term of two years. 'The City Manager is
the head o£ the Administrative branch of the City governrnent and is responsible
to the Council for the proper administration of all affairs relating to the City,
The City Manager is the chief accounting officer of the City and must
provide such information about the finances of 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 ap ointed b the Cour�cil. All other officers and
P Y
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.
City of Brooklyn Center
Audit Year 1 66
9
GENERAL COMMENTS
Financial Control and the Bud�et
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
ent�rprise 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 reports, which compare actual performance with the budget
are prepared monthly and presented to the Council so the Council is able to
review the financial status and measure the effectiveness of the budgetary
controls.
Governmental budget procedures are not used in connection with the
liquor stores or public utilities operations, because these operations are
primarily of commercial nature and employ concepts peculiar to revenue
producing entitie s
A summary of the budget document for the calendar year 1966 follows:
City of Brooklyn Center
Audit Year 1966
GENERAL COMMENT5
Financial Control, Cont'd
Proposed Expenditures (Public Service Enterprises Excluded)
City operations (General Fund) 963 922
Park general fund 85, 805
Poor relief 3, 500
Firemen's Relief Association 5,405
j� Debt service 59, 714
Public Employees' Retirement Association 31, 000
County park system 3, 653
Total Proposed Expenditures $1, 152 999
Proposed Source of Financin� I
Taxation see summary of taxation pre sented below) 690, 346
Shared taxes (state and federal) 123, 500
Civil Defense reimbursement 8, 545
Sale of certificates 44, 897
Local revenue s:
Liquor stores $100,000
Permits, penalties, licenses and
fine s 64, 000
Services to special assessment funds 70, 000
5ervices to public utilities fund 9, 226
Recreation receipts 13, 225
Services and other 6, 300 262, 751
General fund surplus 22 960
Total Proposed Financin� $1, 152 999
�`f Gity of Brooklyn Center
Audit Year 1966
GENERAL COMMENT5
Financial Control, Cont'd
Ad valorem tax levies for the current year 1966 and for the two previous
years (1965 and 1964) are summarized and presented below:
1966 19b5 1964
Mill Rate Amount Mill Rate Amount Mill Rate Amount
Tax Levy
City operations 37. 49 $501, 269 32, 55 $425, 034 35. 79 $420, 419
Park general fund 6. 42 85, 805 8. 94 116, 754 5. 90 69, 250
Poor relief 26 3, 500 1. 00 13, 000 1, 00 11, 745
Firemen's Relief
Association 40 5, 405 1. 00 13, 000 1. 00 11, 745
Debt service 4. 46 59, 714 3. 90 50, 880 �4. 18 49, 002
Public Employees'
Retirement Assn, 2, 32 31, 000 2, 07 27, 000 2. 27 26, 735
County park system 27 3, 653 34 4, 385 37 4, 385
Total Levy 51. 62 $690, 346 49. 80 $650, 053 50. 51 $593, 281
1966 1965 1964
Assessed Valuation
Real estate $12, 148, 363 $11, 796, 525
$10, 409, 834
Personal property 1, 222, 654 1, 256, 760 1, 336, 486
Total Assessed
Valuation $13, 371, 017 $13, 053, 285 $11, 746, 320
The financial condition of each fund as of December 31 1966 and the
results of each fund's operations for the year, together with a compdrison of
these results to budget estimates, is presented within the financial statements
section of this report.
City of Brooklyn Center
Audit Year 1966
GENERAL COMMENTS
General Operations
The City, in addition to the usual activities of general government,
public safety and welfare, highways and recreation, operates three off-sale
liquor stores and a public sewer and water utility. Net revenues produced in
excess of working capital requirements by municipal liquor store operations
have been used towards financing current expense and capital outlay programs
of the City Gene ral Fund.
The net revenues of the public utility have been retained within the
Public Utilities Fund and employed for sewer and water utility purposes.
Accounting System
The accounting for all activities of the City i� divided into various
purpose groups or funds as required by statute and/or good accounting practice.
Except for minor variances, all funds are maintained on an accrual basis and
in conformity with generally accepted accounting principles applicable to
governmental entities as set forth by the National Committee On Governmental
Accounting.
The accounts of the City are classified in conformance with classifications
prescribed by the Public Examiner's office (Classification of Accounts for Use by
Fiscal Officers in Cities and Villages as issued pursuant to Minnesota Statutes
Section 215. 10). The accounting system which is used for the Public Utilities
City of Brooklyn Center
Au it Year 1 66
d 9
GENERAL COMMENTS
Accounting 5ystem, Cont'd
Fund is adopted from a system specifically designed for municipally-owned
utilities by the American Water Works Association and is permissible under
the Examiner's order establishing account classifications for municipalities,
Accounting and bookkeeping for all City activities are centralized
under the Department of Director of Finance. The responsibility for main-
taining and prescribing all financial records, establishing and maintaining
internal control, and preparing financial and budgetary reports are delegated
to this department.
FINANCIAL
STATEMENT5
SECTION
I
I
MOEN PENTTILA
CERTIFIED PUBLIC ACCOUNTANTS
1210 GLENWOOD AVENUE
MINNEAPOLIS, MINNESOTA 55405
DIAL 377-5180
To the City Council
City of Brooklyn Center, Minnesota
Gentlemen:
We have examined the financial statements of the various funds of the
City of Brooklyn Center (formerly Village) as of December 31, 1966, and for
the calendar year then ended. Our examination was made in accordance �vith
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.
Audit Defined
In accordance with the terms of our engagement, we conducted
a"Limited General Audit" which is defined as an "examination
which consists of a review of internal control and accounting pro-
cedures and the details of all records (including subsidiary records
and supporting data) as to mathematical accuracy, propriety and
completeness of all transactions, on a test basis. This type of
audit presumes that the auditor is expected to render an opinion
(subject to such qualifications as may seem necessary) concerning
all of the transactions and records even though he has not examined
all of them in detail.
Scope of Examination
Our examination covered all finan
cial transactions and funds
of the City as included in the records maintained by the
Department of Finance.
City Council
Brooklyn Center
In our opinion, the accompanying balance sheets and related
statements of revenue, expenditures and surplus (Exhibits 1 through 38),
together with the notes appended thereto, present fairly the financial
position of the various funds of the City of Brooklyn Center on December 31,
1966, and the results of their operations for the year then ended, in conformity
with generally accepted governmental accounting principles, applied on a
basis consistent with that of the preceding year.
Respectfull mitted,
,Gvrv .�n� �G�
Oiva Penttila
Certified Public Accountant
MOEN PENTTILA
Field work completed May 29, 1967.
Re ort si ned June 14, 1967.
P g
i
1
i
C ombined
Explanation Total
(Note 1)
Assets and Resources
Cash on hand and in depositories 93 066
Temporary investments 2, 336, 923
Accounts receivable 65, 059
Accrued revenue 56,574
Due from other funds 127, 465
Cash held by County Treasurer's office 19, 231
Ta�es receivable 23 619
Special assessment receivables 4, 146, 017
Cash held by paying agents for debt and interest 643, 947
Inventories and supplies 112, 843
Securities held for investment and securities authorized for sale 1, 733, 207
Prepaid expenses and deferred charges lp� 79p
Fixed as,sets (net of depreciation where applicable) 14, 891 926
Unassessed construction 314, 673
Amount available general debt and interest 21, 638
.Amount to be provided general debt and interest 848, 194
Totals $25, 445, 172
Liabilitie s
Vouchers and accounts payable 80, 297
Contracts payable 820, 955
Assessments payable 148, 056
Acc.rued expenses 171, 378
Due to other funds 127, 465
Construction and debt redemption loans payable 625, 000
Customer and contractor deposits 135, 981
Bonds and certifieates payable 6, 324, 200
Due funds participating in inve stment trust 1, 758, 688
Interest payable in future years (general debt) 173, 514
Total Liabilities $10, 365, 534
5urplus, Reserves and Fund Balances
5tz.rplus and surplus reserves set aside 1, 429, 337
Contributed surplus 7, 502, 329
Investment in general fixed assets 6, 065, 109
Unexpended appropriations, authorizations and balances 82, 863
Total Surplus, Reserves and Fund Balances $15, 079, 638
Totals $25, 445, 172
City of Brooklyn Center
COMBINED BALANCE SHEET ALL FUNI)S A1VD GROUPS (CONDENSED FORM). Exhibit 1
December 31, 1966
'5pecial Debt Special Municipal Public General General Debt
General Revenue Bond 'Service Assessment Liquor Utilities Agency Investment Fixed Assets and
Fund Funds Funds Funds Funds Fund Fund Funds Trust Fund Group Interest Group
(Exhibit 2) (Exhibit 7) (Exhibit 13} (Exhibit 15) (Exhibit l?) (Exhibit 21) (Exhibit 25) (Exhibit 31) (Exhibit 33) (Exhibit 36) (Exhibit 3?)
37, 092 791 9 184 13, 395 29, 187 8, 414 65 3, 929
85, 660 47, 400 20, 115 17 766 l, 142, 035 36, 971 984, 700 2, 276
7, 973 604 4, 897 392 43, 155 8, 038
30,946 25,628
15, 606 58? 14 110, 754 490 14
5, 823 658 1, 837 10, 663 250
16,418 3,814 1,956 1,431
4, 053, 655 92, 362
540,059 15,125 43,825 44,938
9, 033 97, 536 6, 274
1,733,207
7, 979 564 1, 356 891
14 130 8, 812, 687 $6, 065, 109
314, 673
21, 638
84$, 194
$185, 584 54, 418 20, 124 21, 757 $6, 190, 131 $194, 697 $10, 023, 744 12, 074 $1, 762, 764 $6, 065, 109 $914, 770
15,361 4,009 1,784 470 38,004 20,652 17
16,814 46,389 3,600 754,152
$148,056
15,025 2, 112 ,444 13,160 28,450
619 7,295 13 117,621 52 1,804 61
625, 000
131,922 4,059
4, 670, 000 86, 000 975, 000 593, 200
1, 758, 688
173, 514
31, 005 30, 417 1, 784 13 $5, 571, 924 $140, 816 1, 911, 980 61 $1, 762, 764 $914, 770
$154,579 24,001 575,428 53,881 609,435 12,013
7, 502, 329
18,340 $6,065,109
21,744 42,779
$154, 579 24, 001 18, 340 21, ?44 618, 207 53, 881 8, 111, 764 12, 013 $6, 065, 109
$185, 584 54, 418 20, 124 21,757 $6, 190, 131 $194, 697 $10, 023, 744 12, 074 $1, 762, 764 $6, 065, 109 $914, 770
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 2
City of Brooklyn Center
General Fund
BALANCESHEET
December 31 1966
ASSE T S
Assets
Cash on hand and in depositories 37, 155
Temporary investments 85 660
Accounts receivable 7 973
Due from other funds 15 606
Cash held by County Treasurer's office 5, 823
Taxes receivable:
Real estate and personal property taxes:
Levied during 1965, collectible in 1966 6, 346
Prior years' levies 10, 072 16, 418
Inventories of supplies:
Materials and supplies 7, 135
Small tools 1, 898 9, 033
Expenditures deferred to 1967 budget
appropriations and taxation 7, 979
Total
$185, 647
LIABILITIES, RESERVES AND SURPLUS
Liabilitie s
Vouchers payable 15, 424
Accrued payroll 15, 025
Due to other funds 619
Total Liabilitie s 31, 068
Surplus
Reserve for 1966 budget encumbrances 5, 136
Reserve for imprest cash and prepaid or deferred
expenditures 9, 443
Unappropriated surplus (Exhibit 3) 140, 000
Total Surplus
154, 579
Total
$185, 647
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
E�ibit 3
City of Brooklyn Center
Gene ral Fund
ANALYSIS OF CHI�NGES IN UNAPPROPRIATED SURPLUS
Year-1966
Actual
Budget Over (Under)
Actual E stimate E stimate
Unappropriated Surplus, January 1 1966 212, 441 212, 441
Add:
Revenue (Exhibit 4) 932, 044 896, 065 35, 979
Decrease to reserves for assets
set aside for specific use gp4 gfl4
Total Balance �.nd Additions $1, 145, 289 $1, 108, 506 36, 783
Deduct:
Expenditures (Exhibit 5) $1, 000, 153 $1, 028, 275 28, 122)
Encumbrances (Exhibit 5) 5, 136 5, 136
Total Deductions $1, 005, 289 $l, 028, 275 22, 986)
Unappropriated Surplus, December 31 1966 140, 000
80, 231 59, 769
(See notes to financial statements)
This statement is an inte ral art of re ort dated M 2
g P P aY 9, 1g67.
Exhibit 4
City of Brooklyn Center
General Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1966
Actual
Budget Qver (Under)
Actual Estimate Estimate
Taxes
Real estate and personal property taxes $500, 300 $501 269 9b9)
Penalties and interest on tax bills 8, 973 4, 000 4, 973
Proceeds from sale of tax forfeit
prope rty 39 39
Total Taxes $509, 312 $505, 269 4, 043
r Licenses, Permits and Fines
Fines, forfeitures and penalties 22, 126
Building permits 14, �OS
Electrical permits 10, 331
Heating permits 7, 7$1
Plumbing permits 5, 250
Sewage and water permits 2, 425
Dog licenses and pound fees 1, 792
I Bicycle licenses 1, 461
Heating licenses 983
Food establishment licenses 967
Zoning charges and special permits 864
Food vehicle licenses 625
Certificates of occupancy 621
Gas piping licenses 460
Vending machines licenses 410
Cigarette licenses 319
Malt licenses 319
Service station licenses 282
Well drillers' licenses 138
Bowling alley licenses 120
Taxi cab licenses 112
Bench licenses 110
Well permits 105
Electrical licenses 101
Liquor on- sale (private non-profit
controlled organization) 100
Miscellaneous licenses and permits
(categorie s under $100) 308
Total Licenses, Permits and Fines 72, 615 60, 000 12, 615
E�ibit 4
City of Brooklyn Center Cont'd
General Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1966
Actual
Budget Over (Under)
Actual Estimate Estimate
5hared Taxes
State cigarette and liquor taxes 93, 937 $101, 000 7, 063)
5tate aid for street maintenance and
construction 18, 615 17, 500 1, 115
Mortgage registry tax 4, 915 5, 000 85)
Bank excise tax 978 97g
Mobile home registry tax 22 22
Total Shared Taxes $118, 467 $123, 500 5, 033)
Charges for Current Services
Recreation 16, 743 13, 225 3, 518
Assessment searches, photos, platting
fee s, etc and othe r gene ral
governmental services 2, 685 1, 300 1, 385
Total Charges for Current 5ervices 19, 428 14, 525 4, 903
Charges to Other Funds
Engineering and clerical fees 53, 067 70, 000 16, 933)
Rent and administrative charges:
Public Utilities Fund 9, 240 9, 226 14
Expense reimbursements Liquor Fund 660 660
Work order charges use of equipment 18, 904 18, 904
Total Charges to Other Funds 81, 871 79, 226 2, 645
Othe r
Sale of property 20, 000 20, 000
Interest on temporary investments 5, 640 5, 000 640
Civil defense reimbursements 2, 763 8, 545 5, 782)
Police towing charges 571 571
Court rent 368 368
Rent Minnesota Highway Department 328 328
Police auction 298 298
Weed de struction 160 160
Miscellaneous 223 223
Total Other 30, 351 13, 545 16, 806
'Fransfers In
Municipal Liquor Fund $100, 000 $100, 000 -0-
Total Revenue $932, 044 $896 065 35 979
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
i
Exhibit
City �f Brooklyn Center
�eneral Fund
STATEMENT OF EXPENDITURES, APFROPRIATIONS AND ENCUMBRANCES
Year 1966
1966 Budget A.ppropriations Expenditures and Encumbrances (Over Expended)
Original Amendments Durin� 1966 �'inal 1966 Dec. 31, 1966 Under Expended
1.966 Budget Increases Decreases 1966 Budget Expenditures En�umbrances Ap�ropriatio��
General Government
Mayor, Council and Treasurer 42, 839 1, 650 28, 654 15, 835 15, 292 543
Election and voter regxstration 4, 425 4, �25 3, 442 983
Finance Administrative Office 87, O11 6, 31? 93, 328 93, 458 435 565)
Assessor 15, 789 700 16, 489 16, 758 �b9)
Accounting and internal audit 19, 973 700 20, 673 20, 195 692 214)
Independent audit 5, 200 5, 200 5, 348 1 `�8)
Legal 13, 500 13, 500 17, 575 4, 075)
Charter Commission 1, 500 2, 012 3, 512 3, 634 122)
General government buildings 32, 181 ?50 32, 931 41, 506 8, 575)
Total General Government 222, 418 12, 129 28, 654 205, 893 217, 208 1, 127 12, 442)
Public Safety and Welfare
Police protection 217, 125 2, 325 219, 450 212, 814 1, 732 4, 904
Fire protection 18, 682 18, 682 18, 621 3l6 255)
Protective inspection 33, 934 33, 934 33, 673 261
Civil defense 17, 257 17, 257 6, 948 701 9, 608
Animal control 4, 700 4, 700 4, 817 117)
Regulations and inspections 5, 000 5, 000 2, 631 2 369
7, 980 7, 979 1
Nursing service 7 9 8 0 2� 7�9 16, 771
Total Public Safety and Welfare 304, 678 2, 325 307, 003 2$7, 483
Hi �hway s
Engineexing 87, 322 87, 322 68, 320 90 18, 912
5treet department and maintenance shop 205, 351 1, 250 204, 101 201, 567 652 1, 882
Street lighting 33, 500 33, 500 35, 987 2� 487)
Total Hi�hways 326, 173 l, 250 324, 923 305, 874 742 18, 307
Recreation
Supervision of recreation 20, 081
20, 081 20, 254 50 223)
Adult programs 6, 300 6, 300 8, 051 60 1,,811j
Summer playgrounds 13, 150 13, 150 13, 106
Summer programs 15, 650 15, 650 16, 941 52 1, 343)
Fall and winter spoxts 10, 575 10, 575 6, 536 356 3, 683
Total Recreation 65, 756 65, 756 64, 888 518 350
Transfers to Other Funds
Park 110, 000 110, 000 110, 000
Debt redemption Library 14, 700 14, 7Q0 14, 700
Total Transfers to Other Funds 124, 700 124, 700 124, 700
Grand Total 919, 025 139, 154 29, 904 $1, 028, 275 $1, 000, 153 5, 136 22 986
r (5ee notes to financial stat�ments)
This statement is an integral part of report dated May 29 1967
City of Brooklyri Center Exhibit 6
General Fund
STATEMENT OF EXPENDITURES AND ENGUMBRANCE5
CLASSIFI�D AS TO ACTIVITY, CHARACTER AND OBJECT
Year 1966
Total
Encumbrances Total Current Expense Classification Total Capital Expenditures
and Current Personal Contractual Capital Outlay Classification
Expenditures Expense Services Services Commodities Other Expenditures Land Equipment
General Government
Mayor, Council and Treasurer 15, 292 15, 292 12, 468 2, 824
Elections and voter registration 3, 442 2, 091 2, 061 30 1, 351 1, 351
Finance Administrative Office 93, 893 93 606 57, 397 16, 436 8, 226 11, 547 287 287
Assessor 16,758 16,103 15,320 783 655 655
Accounting and Internal Audit 20, 887 19, 896 19, 886 10 991 991
Independent Audit 5, 348 5, 348 5, 348
Legal 17, 575 17, 575 17, 575
Charter Commission 3, 634 3, 634 3, 549 85
General government buildings 41, 506 35, 630 16, 153 15, 833 3, 644 5, 876 4, 612 1, 264
Total General Government 218, 335 $209, 175 $149, 757 33, 052 11, 955 14, 411 9, 160 4, 612 4, 548
Public Safety and Welfare
Police protection 214, 546 $202, 784 $190, 377 l, 556 3, 240 7, 611 11, 762 11, 762
Fire protection 18 937 16 866 13, 823 1, 598 870 575 2, 071 2, 071
Protective inspection 33, 673 33, 673 32, 683 885 105
Civil defense 7, 649 4, 352 2, 700 1, 238 414 3, 297 3, 297
Animal control 4, 817 4, 817 4, 817
Regulations and inspections 2, 631 2, 631 2, 631
Nursing 7, 979 7, 979 7, 979
Total Public Safety and Welfare 290, 232 $273, 102 $255, O10 5, 277 4, 524 8, 291 17, 130 17, 130
Highways
Engineering 68, 410 68, 230 66, 374 293 1, 504 59 180 180
Street department and maintenance shop 202, 219 186, 897 107, 965 1, 481 71, 020 6, 431 15, 322 15, 322
Street lighting 35, 987 35, 987 35, 98?
Total Highways 306, 616 $291, 114 $174, 339 37, 761 72, 524 6, 490 15, 502 15, 502
Recreation
Supervision of recreation 20, 304 20, 200 17, 888 60? 1, 606 99 104 104
Adult programs 8, 111 8, 111 6, 325 l, 786
Summer playgrounds 13, 106 13, 106 10, 892 2, 214
Summer programs 16 993 16 993 14, 016 2, 977
Fall and winter sports 6, 892 6, 892 6, 482 410
Total Recreation 65, 406 65, 302 55, 603 607 8 993 99 104 144
Transfers to Other Funds
Park 110,000 $110,000 $110,000
Debt Redemption Library 14, 700 14, 700 14, 700
Total Transfers to Other Funds 124, 700 $124, 700 $124, 700
Grand Total $1, 005, 289 $963, 393 $634, 709 76, 697 97, 996 $153, 991 41, 896 4, 612 37, 284
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 7
City of Brooklyn Center
Special Revenue Funds
COMBINED BALANCE 5HEET
December 31 1966
Park Fark
Combined Board Poor Concession
Total Fund Fund Fund
ASSETS
Cash on hand and in depositories 791 728 63
Temporary investments 47, 400 39, 602 7, 798
Accounts receivable 604 604
Cash held by County Treasurer's
office 658 626 32
Taxes receivable:
Real estate and personal property taxes:
Levied during 1965, collectible
in 1966 1 182 1, 138 44
Prior years' levies 2, 632 2, 307 325
Prepaid expenses 564 564
Due fgom other funds 587 587
Totals $54, 418 $46, 156 8, 262 -0-
LIABILITIES, RESERVES AND SURPLUS
Liabilitie s
Vouchers payab le 4, 009 2, 450 1, 559
Contracts payable 16, 814 1 b, 814
Due to other funds 7, 295 7, 176 14 105
Accrued payroll 2, 299 2, 299
Total Liabilities $30, 417 $28, 739 1, 573 105
Reserves
Reserve for encumbrances 1, 074 1, 074
Surplus
Unappropriated surplus (Exhibit 8) $22, 927 $16, 343 6, 689 105)
Totals $54, 418 $46, 156 8, 262 -0-
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 8
City of Brooklyn Center
Special Revenue Funds
COMBINED ANALYSIS OF CHANGE5 IN UNAPPROPRIATED SURPL�JS
Year 1966
Park Park
Combined Board Poor Concession
Total Fund Fund Fund
Unappropriated Surplus,
January 1, 1966 30,809 14,771 15,114
923
Add: Revenue (Exhibits 9& 12) 249, 267 243, 158 3, 911 2, 199
Deduct: Expenditures and
encumbrance s
(Exhibits 10 12) 257, 149) 241, 586) 12, 336) 227)
Una�propriated Surplus,
December 31, 1966 22, 927 16, 343 6, 689 105)
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
I Exhibit 9
City of Brooklyn Center
Park Board Fund (Special Revenue Fund)
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1966
Actual
Budget Over (Under)
Actual Estimate Estimate
General property tax 85, 618 85, 805 187
Rents 1,200
l, 200
Lions Club 2, 700 2, 700
Interest on investments 602 602
Transfers in from General Fund 110, 000 110, 000
Transfers in from Liquor Fund 43, 000 43, 000
Other (Miscellaneous) 38 38
1 Totals $243, 158 $241, 505
1, 653
r
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967
I
I
City of Brooklyn Center Exhibit 10
Park Board Fund (A Special Revenue Fund)
STATEMENT OF EXPENDITURES, APPROPRIATIONS AND ENCUMBRANCE5
Year 1966
1966 Budget Appropriations (Over Expended)
Original Final 1966 Under Expended
Function 1966 Sudget Increases Decreases 1966 Budget Expenditures Appropriations
General ark administration 66, 890 66 890 65, 377 1, 513
P
General park maintenance 4, 150 4, 150 3, 183 967
Park garage 1,000 1,000 1,049 49)
Acquisition of park facilities and equipinent 8, 865 $162, 800 171, 665 165, 142 6, 523
Operation of facilities:
Grandview Park 850 850 723 127
Northport Park 550 550 386 164
Garden City Park 500 500 372 128
Happy Hollow Park 250 250 256 6)
Brooklane Park 400 400 330 70
Orchard Lane Park 400 400 355 45
Kylawn Park 400 400 462 62)
Bellvue Park 300 300 431 131)
Willow Lane Park 200 200 225 25)
Wangstad Park 50 50 -0- 50
Lions Club Park 250 2,700 2,950 2,907 43
East Palmer Lake Park 250 250 165 85
West Palmer Lake Park 250 250 152 98
Evergreen Park 250 250 71 179
Total 85,805 $165,500 -0- $251,305 $241,586 9,719
I
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
i
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Exhibit 11
City of Brooklyn Center
Park Board Fund (A Special Revenue Fund)
STATEMENT OF EXPElVDITURES
C LASSIFIED AS TO AC TIVIT Y, C HARAC TER AND OB JEC T
Year 1966
Total Current Expense Glassification Total Capital Expenditures Classification
Total Current Personal Contractual Capital Outlay Land land Buildings bldg,
Activity Expenditures Expense Services Services Commodities Qther Expenditures Improvements Irr_provements Equipment
General ark administration 65, 377 62 693 58, 750 428 1, 270 2, 245 2, 684 2, 684
P
General park maintenance 3, 183 3, 183 957 2,226
Park garage 1,049 1,049 141 908
Acquisition of park facilities
and equipment 165, 142 165, 142 87, 524 75, 423 2, 195
Operation of facilities:
Grandview Park 723 723 254 469
Northport Park 386 386 26 360
Garden City Park 372 37Z 25 347
Happy Hollow Park 25b 256 107 149
Brooklane Park 330 330 330
Orchard Lane Park 355 355 56 299
Kylawn Park 462 462 20 442
P�ellvue Park 431 431 48 383
r Willow Lane Park 225 225 225
Lions Club Park 2, 907 207 61 146 2, 700 2, 7�0
East Palmer Lake Park 165 165 47 118
West Palmer Lake Park 152 152 152
Evergreen Park 71 71 6 65
Total $241 586 71 Ob-0 58, 750 1, 596 6, 243 4, 471 $170, 526 87, 524 78, 107 4, S95
(See notes to financial statements)
This statement is an integral part of report dated May 29 1967
�I
Exhibit 12
City of Brooklyn Center
Poor Fund (A Special Revenue Fund)
STATEMENT OF REVENUE AND EXPENDITURES
Year 1966
Revenue
General property tax s ecial ad valorem lev 3 4
P Y 70
Interest earned on temporary investments 441
Total Revenue 3 11
,9
Expenditure s
Subsistence care and support paynzents 8, p27
Administrative charge 4, 297
Write off tax levy balances 12
Total Expenditures $1.'?, 336
Exce s s of Expenditure s Ove r Revenue 8, 42 5)
(See notes to financial statements)
This 5tatement is an integral part of report dated May 29, 1967.
Exhibit 13
City of Brooklyn Center
Bond Funds
COMBINED BALANCE SHEET
December 31 1966
Certificates Certificates
of of
C ombined Library Indebtedne s s Indebtednes s
Total Bonds #9 #10
ASSE T S
Cash in bank 9 9
Temporary investments 20, 115 4, 690 15, 425
Totals 20, 124 4, 699 -0- 15, 425
LIABILITIES AND SURPLUS
Vouchers payable 1, 784 1, 784
Total Liabilities 1 784 -0- �0- 1 784
Reserve for authorized
expenditures (Exhibit 14) 13, 641 13, 641
Unappropriated surplus 4, 699 4, 699
Totals 20, 124 4, 699 -0- 15, 425
(See notes to financial statements)
S
This statement is an integral part of report dated May 29, 1967.
1
Exhibit 14
City of Brooklyn Center
Bond Funds
COMBINED STATEMENT OF APPROPRIATIONS AND EXPENDITURES
Year 1966
Certificates Certificates
of of
Combined Libxary Indebtedness Indebtedness
Total Bonds #9 #10
Reserve for Authorized Expenditures
Federal grants and
General obligation bonds
sold during 1966 $250, 000 $250, 000
C e rtificate s of indebtedne s s.
sold during 1965 36, 500 36, 500
sold during 1966 44, 000 44, 000
Transfers int
Gene ral Fund 7 7
Interest on temporary
inve stment s 715 715
Total Amount Appropriated $331, 222 $250, 715 36, 507 44, 000
Less: Expenditures for
Authorized Purposes;
Year 1964 13,849 12,779 1,070
Year 1965 232,511 197,074 35,437
Year 1966
Library construction 30, 863 30, 863
Fire department
equipment 16, 656 16, 656
City equipment 13, 703 13, 703
Transfer to debt
retirement 5, 300 5, 300
Total Expenditures $312, 882 $246, 016 36, 507 30, 359
Reserve for Authorized Expenditures
December 31 1966 13, 641 -0- -0- 13, b41
Unappropriated Surplus
December 31, 1966 4, 699 4, 699
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 15
Gity of Brooklyn Center
Debt Service Funds
COMBINED BALANCE 5HEET
December 31, 1966
Certificates State Loan
Combined Park Library of (Cash Basis
Total Bonds Bonds Indebtedness Fund)
A55E T S
Cash on hand and in depositories 184 72 20 92
Temporary investments 17, 766 14, 310 1, 407 2, 049
Due from other funds 14 14
Cash held by County Treasurer's office 1, 837 229 154 1, 454
Taxes receivable:
Real estate and personal property
Levied in 1965 collectible in 1966 734 430 304
Prior year levies 1,222 853 369
Totals 21, 757 15, 894 1, 427 2, 982 1, 454
LIABILITIES AND SURPLUS
Due to other funds 13 13
Reserve for future interest 106 106
Unappropriated surplus 21, 638 15, 8$1 1, 427 2, 876 1, 454
Totals 21, 757 15, 894 1, 42? 2, 982 1, 454 I
(See notes to financial statements)
This statement is an integral part of report dated May 29 1967
Exhibit 16
City of Brooklyn Center
Debt 5ervice Fur�ds
COMBINED STATFMENT
OF REVENUE, EXPENDITURES AND SURPLU5
Year 1966
Certificates State Loan
Combined Park Library of (Cash Basis
Total B�onds Bonds Indebtedness Fund)
lus Januar 1 1966 15,858 13,474 1,631 753
Una�propriated Surp y
Add: Revenue
General property tax levies 59, 516 33, 595 23, 783 2, 138
Interest on temporary investments 959 741 7 211
Interest on bonds sold 475 475
Transfers in:
General Fund 14, 700 14, 700
Library Bond Fund 5, 300 5, 300
Total Balance and Additions 96, 808 47, 810 20, 482 25, 625 2, 891
Deduct: Expenditures
Principal paid 50, 800 20, OOQ 10, 000 19, 500 1, 300
Interest paid 24, 213 11 835 9, 020 3, 221 137
Service charges (paying agent) 90 55 35
Write off tax levy balances 67 39 2g
Total Expenditures 75, 170 31 929 19, 055 22, 749 1.437
Unappropriated Surplus, December 31 1966 21, 638 15, 881 1, 427 2, 876 1, 454
(5ee notes to financial statements)
This statement is an integral part qf report dated May 29, 1967.
All Funds
C ombined
Assets Total
Cash on hand and in depositories 13, 395
Temporary investments 1, 142, 035
A�counts receivable 4, 897
Due from other funds 110, 754
Cash held by: County Treasurer's office 10 663
Assessments receivable:
Future installments (principal) 3, 467, 403
DeTinquent assessments (principal and interest) 132, 375
Park Board Fund (principal no interest charge) 90, 935
City General Fund (principal no interest charge) 57, 121
Interest applicable to 1966 on installments due in 1967 5, 634
General City share for future taxation (principal only) 285, 370
InstallrrYents applicable to tax forfeit property 14, 817
Authorizatio� to assess for construction in progress 314, 673
Cash held by paying agents for debt and interest 540, 059
Totals $6, 190, 131
Liabilitie s
Vouchers and contracts payable 46, 859
Accrued expenses and costs 9, 385
Due to other funds 117, 621
Debt redemption loan payable 7, 300
Construction loans payable (Note 2) 617, 700
Bonds payable future years (Exhibit 20) 4, 233, 000
Bonds and interest not redeemed (monies with paying agent)
Bonds maturing January l, 1967 437, 000
Interest coupons rnaturing January 1, 1967 103, 059
Total Liabilities $5, 571, 924
Unappropriated surplus (deficit) for debt retirement (E�ibit 18) 575, 428
Unexpended appropriations for construction (Exhibit 19) 42, 779
Totals $6, 190, 131
City of Brooklyn Cen�er Exhibit 17
5pecial Assessment Funds
COMBINED BALANCE SHEET
Decernber 31, 1966
B nd Fund 1955 A 1956 AC 1956 B 1957 AB 1958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1965 1966
0
No. 1 Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund
2 100 15 16 99 340 567 1,244 790 520 12 9,485
115 9
53,243 138,544 138,610 50 70,017 108,162 186,494 103,752 73,4I8 146,879 72,115 50,741 10
4, 89"�
2,705 4,319 63,119 39,078 1,533
186 390 1,006 102 166 117 327 2,974 1,799 2,243 1,353
2 8 35 132 7'7,577 203,449 85,606 239,045 790,908 508,452 449,565 304,818 421,202
62,470 101,881 187, 9
969 399 2,176 586 563 4,027 1,00 L 3,317 48,007 57,540 12,518 1,272
683 1,083 3,800 7,546 3,775 32,897 22,683 2,574 10,456 5,438
9,880 40,380 988 3,123 2,750
330 39 5,265
141,495 95 ,691 29 .418 13,111 5,655
66 196 1,076 617 48 496 792 8,167 1,583 1,776
314,673
20,953 21,120 55,894 41,835 31,313 24,230 45,473 116 75,937 60,Q40 46,325
$138,002 $263,305 $389,948 36,400 $198,277 $355,258 $298,580 $459>705 $1,265,046 $951,734 $629,9g1 $432,9$7 $770,908
380 46,479
9,385
5,362 63,119 49,140
7, 300
617,700
94,000 $154,000 $230,000 40,000 $300.000 $230,000 420,000 $1,115,000 $800,000 $535,000 315,000
19,000 18,000 50,000 40,000 25,000 20,000 35,000 90,000 60,000 50,000 30,000
1,953 3,120 5,894 �,A35 6,313 4,230 10,473 26,939 15,937 10,040 16,325
$114,953 $175,120 $285,894 7,300 81,835 $331,313 $254,230 $471,215 $1,231,939 $875,937 $595,040 $424,444 $722,704
23,049 88 104,054 29,100 116,442 23,945 44,350 (11,510) 33,107 75,797 34,941 8,573 5,395
30) 42,809
$138,002 $263,305 $389,948 36,400 $198,277 $355,258 $298,580 $459,705 $1,265,046 $951,734 $629,981 $432,987 $?70,908
(See notes to financial statem,enis)
This statement is an integral part of report dated May 29, 19�7.
r
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E�ibit 18
City of Brooklyn Center
Special Assessment Funds
COMBINED STATEMENT OF REVENUE, EXPENDITURES
AND UNAPPROPRIATED SURPLUS FOR DEBT RETIREMENT
Year 1966
Combined Bond
Total Fund 1955 A 1956 AC 1956 B 1957 AB 1958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1965 1966
All Funds No. 1 Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund
Unappropriated Surplus (Deficit)
January 1, 1966 $49g 664 $20, 465 $82, 124 97, 545 $26, 840 $110, 081 $18, 809 $37, 876 11 474) $26, 660 $64, 051 $20, 994 4, 693
Add: Revenue £or 1966
1966 interest on assessment rolls $185, 242 3, 800 2, 916 9> 128 2, 145 5, 576 $11, 944 5, 877 14, 727 $41, 962 $34, 571 $28, 975 $1$, 236 5, 385
Interest on temporary investments 53, 462 2, 756 6, 419 7> 210 50 4, 251 4, 685 8, 965 4, 962 3, 470 6, 174 2, 823 1, 687 10
Interest on U. of M. contract
(Brown properties) 18, 416 2, 487 1, 620 1, 502 10, 218 899 1, 690
Total Revenue 1966 $257, 120 6, 556 $11, 822 17, 958 2, 195 9, g27 $18, 131 $14, 842 19, 689 $55, 650 $41, 644 $33, 488 $19, 923 5, 395
Deduct: Expenditures for 19bb 624 8, 460 19, 624 $48, 991 $29, 766 $19 440 $15, 467
Interest $178,311 3,908 5,588 11,092 3,351 $12
Paying agent charges 1,375 110 97 197 7 88 116 57 11? 243 151 112 80
Assessments written off (added) 670 46) 76 160 72) 27 255 149) 16) 31) 19) 11) 496
n i ur s 1 66 180 356 3, 972 5, 761 11, 449 65) 3, 46F� $12, 995 8, 368 19, 725 $49, 2�3 $29, 898 $19, 541 $16, 043
Total Expe d t e 9
Unappropriated Surplus (Deficit�
December 31, 1966 $575, 428 $23, 049 $88, 185 $104, 054 $29, 100 $116, 442 $23 945 $44, 350 11, 510) $33, 107 $75, 797 $34, 9�k1 8, 573 5, 395
(5ee notes to finarlcial statements)
This statement is an integral part of report dated May 29 1967
Exhibit 19
City of Brooklyn Center
Special As se s sment Funds
CONSTRUCTION EXPENDITURE5 COMPARED TO APPROPRIATIONS
Year 1966
Original Appropriations as of
January 1, 1966 492,607
i Additions and (Deductions):
New projects initiated during 1966 710, 891
Appropriations cancelled 70, 057)
Total Appropriations
$1, 133, 441
Deduct: Expenditures for construction
During years prior to 1966 $442, 752
During 1966 647, 910
Total Expenditures for Construction 1, 090 662
Unexpended Appropriations for Construction
December 31, 1966 42, 779
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 20
City of Brooklyn Center
Special Assessrnent Funds
STATEMENT OF LONG-TERM DEBT (PRINCIPAL AMOL"'NT OL TSTAl�DING)
December 31 1966
Bond
Redemption Balance Last
Year of Total Monies to L;npaid Installment I
Fund Description of Issue Issue Issue Paying Agent 12 -31-66 Due on Coupon Rates on Outstanding Bonds
Bond Fund 1 Storm Sewer #1 serial issue 1952 304, 000 224, 000 80, 000 1-1-72 3. 50°'0
Sanitary SewEr #1 serial issue 1952 48, 000 36, 000 12, 000 1-1-73 3. 20
1953 B serialissue 1953 55,000 53,000 2,000 1-1-69 3,30
1955 A 1955 A serialissue 1955 497,000 343.000 154,000 1-1-76 3.25
1956 AC 1956 A serialissue 1956 535,000 535.000 1-1-67 3.75
1956 C serial issue 1956 550, 000 320. 000 230, 000 1-1-77 3, 90
1957 AB 1957 A serial issue 1957 430, 000 405. 000 25, 000 1-1-67 4. 00
000 1-1-67 4.50
1957 B serialissue 1957 350,000 335,000 15,
1958 A 1958 A serial issue 1958 530, 000 230, 000 300, 000 1-1-79 175 M@ 4. 00°,%0; 75 M@ 3, 90�0; 75 M@ 3. 60%; 25 M@ 3. 10°jo
1958 B 1958 B serial issue 1958 390, 000 160, 000 230, 000 1-1-79 90 M@ 3. 60°'0; 60 M C' 3. 50�'c; 60 M@ 3.20%; 60 M@ 3.00°Jo
1959 AB 1959 AB serial issue 1960 630, 000 210, 000 420, 000 1-1-81 185 M@ 4. 50°'0; 200 M Ca 4. 25°'0; 105 M@ 4. 00%
1960 AB 1960 A serial issue 1q60 768, OOU 288, 000 480. 000 1-1-81 90 M@ 3. OO�o; 390 M L 4. 20°'0; 90 M@ 4. 50%
19b0 B serial issue 19b1 885, 000 250, 000 635. 000 1-1-81 315 M@ 4.20�0; 180 M@ 4. 10°'0; 140 M@ 4.00%;100 M@3.80°fo
1961 AB 1961 A serial issue 1962 595, 000 140, 000 455. 000 1-1-82 150 M@ 3. 75%; 120 M@3, 70°'0; 120 M@3. 40%; I35M @3, 00°jo
1961 B serial issue 1963 430, 000 85, 000 345, 000 1-1,-84 100 M@ 3. 70%; 120 M C3. 60°"0; 80 M@3. 30%; 95 M@ 2.80°jo
1963 Fund 1963 A serial issue 1964 636, 000 101, 000 535, 000 1-1-85 391 M� 3.20%; 90 M C' 3.40°"0; 80 M@ 3. 50%; 75 M@ 3. 60°jo
1965 Fund 1965 A Improvement bonds 1966 345, 000 30, 000 315, 000 1-1-86 235 M@ 3. 70°'0; 110 M C 3. 80�'0
�7,978,000 �3,�45,000 $4,233,000
(See notes to financial statements)
This statenlei:t is an integral part of report dated May 29, 1967.
Exhibit 21
City of Brooklyn Genter
Municipal Liquor Fund
BALANCE 5HEET
December 31 196b
A5SET5 LIABILITIE5 AND SURPLUS
Current Assets Current Liabilities
Cash on hand and in depositories 29, 187 Accounts payable 38, 004
Temporary investments 36, 971 Accrued salaries and wages 7, 671
Miscellaneous receivables (net) 392 Accrued Public Employees' Retirement Association contribution 3, 213
Cash held by paying agent revenue Accrued interest payable on revenue certificates 2, 125
certificate account (Note 4) 15, 125 Accrued insurance payable 151
Merchandise inventory (valued at cost) 97, 536 Due to other funds 52
Prepaid expenses 1,356 Certificates payable portion due within one year (see below) 13,000
Total Current Assets $180, 567 Total Current Liabilities 64, 216
Fixed Assets Lon�-Term Liabilities
Provision for Revenue certificates payable (Exhibit 24) $86, 000
Depreciation Book Less: Portion due within one year (as above) 13, 000 $73, 000
Cost Amortization Value Contract payable (Note 4) 3, 600
Fi�ures and Equipment
Lyndale Avenue Store $11, 420 $11, 258 162 Total Lon�-Term Liabilities 76, 600
Osseo Road Store 19, 5Q8 12, 106 7, 402
Bxookdale 5tore 10, 872 5, 249 5, 623 Total Liabilities $140, 816
Leasehold Improvements 5urplus (Exhibit 22)
Broakdale Store (Note 5) 16, 779 15; 836 943 Restricted per terms of resolution authorizing
$58, 579 $44, 449 the issuance of revenue certificates (l�Tote 4) $16, 102
Total Book Value of Fixed Assets 14, 130 Undistributed surplus 37, 779
Total 5urplus 53, 881
$194 697 Total Liabilities and Surplus $194 697 I
Total As sets
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
i
Exhibit 22
City of Brooklyn Center
Municipal Liquor Fund
ANALYSIS OF CHANGES IN SURPLUS
Year 1966
Surplus, January 1 1966 86 671
Add: Net income (Exhibit 23) 113, 8$7
Balance and Additions $200, 558
Deduct: Transfers to other Funds
General Fund $100, 000
Park General Fund 43, 000 $143, 000
Operating expense of prior years (Note 4) 3, 677 146, 677
Surplus, December 31, 1966 53, 881
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 23.
City of Brooklyn Center
Municipal Liquor Fund
5TATEMENT OF INCOMF AND EXPENSE
Year 1966
Combined #1 #2 #3
Total Lyndale Ave. Osseo Road Brookdale
All Stores Store Store Store
Sales $896, 541 $187, 375 $417, 048 $292, 118
Less: Cost of sales 687, 960 145, 350 322, 154 220, 456
Gross Mar�in on SaTes $208, 581 42, 025 94, 894 71, 662
Operatin� Expenses Requirin� Funds
5alaries and wages 59, 570 15, 363 24, 121 20, 086
Rent (Note 5) 9, 786 9, 786
Utilities and heat 5 269 1, 041 1, 799 2 429
Insurance 3,346 905 1,367 1,074
Public Employees' Retirement Fund 3, 217 978 1, 115 1, 12�
Supplies 2,054 342 972 740
Repairs and maintenance 1, 221 288 613 320
Auditing 1, 109 348 383 378
Protection service 744 174 240 330
Telephone 647 221 198 228
Laundry 487 74 162 251
Inventory variance and adjustments 188 68 41 79
Mileage 119 40 40 39
Provision for bad checks (net of recoveries) 1('4 18 13 73
Taxes and licenses 69 23 23 23
Miscellaneous 68 5 7 56
B reakage 6 1 5 I
Cash (over) and short 11) 80) 36 33
Total Operating Expenses Requirin� Funds 87 993 19, 808 31, 131 37, 054
Net Operatin� Income Before Depreciation and Amortization $120, 588 22, 217 63, 763 34, 608
Less: Depreciation and amortization of leasehold improvements 6, 361 48 1, 928 4, 385
Net Operatin� Income $114, 227 22, 169 61, 835 30, 223
Add: Interest on temporary investments and miscellaneous income 3, 340
Deduct: Interest and paying agent charges on revenue certificates 3, 680)
Net Income (E�ibit 22) $113, 887
(See notes to financial statements)
This statement is an integral part of report dated May 2q, 1967
Exhibit 24
C ity of B rooklyn C ente r
Municipal Liquor Fund
STATEMENT OF LONG-TERM DEB T
December 31, 1966
Inte re st Revenue C e rtificate s- Principal Revenue C e rtificate s- Inte re st C oupons
Certifieate Coupon Outstanding Retired Outstanding Dates of Outstanding Retired Outstanding
Numbers Rate 1 1966 12 Maturity 1 1966 12
42-54 4.25% $13, 000. 00 $13, 000. 00 -0- 1-1-66 2, 103. ?5 2, 103. 75 -0-
7-1-66 1, 827. 50 1, 827. 50 -0-
55-67 4.25 13, 000. 00 13, 000. 00 1-1-67 1, 827. 50 1, 827. 50
1 7-1-67 1, 551. 25 1, 551, 25
68-80 4.25 13, 000. QO 13, 000. 00 1-1-68 1, 551. 25 l, 551, 25
7-1-68 1, 275. 00 1, 275. 00
1 81-95 4.25 15, 000. QO 15, 000. 00 1-1-69 1, 275. 00 1, 275. 00
7-1-69 956.25 956.25
96 4 .25 15, 000. 00 15, 000. 00 1-1-70 956 25 956 .25
7-1-70 637.50 637.50
111-125 4.25 15, 000. 00 15, 000. 00 1-1-71 637. 50 637. 50
7-1-71 318.75 318.75
126-140 4.25 15, 000. 00 15, 000. 00 1-1-72 318. 75 318. 75
$99, 000. 00 $13, 000. 00 $86, 000. 00 $15, 236. 25 3, 931. 25 $11, 305. 00
General Provisions of Issue
A. Obligations are payable solely from net operations of the Municipal Liquor Stores
and are in no way a general tax liability of the City.
B. All certificates share on a parity basis in total net revenue of all stores.
C. All certificates which mature after January 1, 1968 are subject to redemption (call)
in inverse numerical order on January l, 1965 or any interest payment date
thereafter upon payment as follows:
1. If redeemed prior to January 1, 1968 at par ($1, 000) plus accrued interESt,
plus premium of $30.00 on each certificate redeemed.
2, if redeemed on or after January 1, 1968, at par plus accrued interest.
D. Pux�tant to terms of the resolution authorizing and directing issuance of certificates,
certain covenants require a restriction of surplus available for transfer and the periodic
setting aside of funds to meet principal and interest maturities.
(See notes to financial statemen�s)
This statement is an integral part of report dated May 29, 1967.
City of Brooklyn Center E�ibit 25
Public Utilitie s Fund
BALANCE SHEET
Decernber 31, 1966
ASSETS AND OTHER DEBITS TOTAL LIABILITIES AND OTHER CREDITS
Plant, Equipment and Construction Funds Lon�-Term Debt
Mains and lines 8, 056, 87� Revenue bonds payable (see Exhibit 30) (Note 6) 9�0, Q00
Structures 395, 175 Contracts payable Minneapolis and Brooklyn Park (Note 6) 744, 787
E quipment
275, 788
Meters 128, 478 Surplus and Reserves Invested in Fixed Assets
Land 18, 821 From special assessm�nt projects and contractors $7, 502, 329
Construction work in progress -(financed through bond issue): Debt redeemed 61 995
Water mains $59�, 314 Surplus accumulated for construction ?2, 108
Freeway crossings 26, 823 Plant and equipment charged to income 127, 429
Water tank site 4, 183 Depreciation provisions represented as investment
Total Construction in Pro�ress (Note 6) 629, 320 in plant 488, 597
Construction fLtnds (unexpended bond proceeds)
Investments $442, 251
Cash in checking account 538 Total Surplus and Reserves Invested
Total Construction Funds (Note 6) 442, 789 In Fixed Assets 8, 252, 458
Total Plant, Equipment and Construction Funds 9, 947, 245 Total Invested in Plant, Equipment and Construction Funds 9, 947, 245
Invested and Special Funds Reserves
Investments $406, 449 Depreciation provisions represented as not
Deferred assessments receivable 87, 529 invested in plant 203, 172
Debt retirement funds (Note 6): Debt service reserves (Note 6) 139, 727
Cash with paying agent 43, 825 Customer meter deposits held 131, 922
Cash in account 2, 125 Reserve funds held by paying agent for: (Note 6)
Investments 136, 000 Revenue bond principal �25, 000
Accrued interest receivable 1, 602 183, 552 Revenue bond interest coupons 18, 825 43, 825
Total Invested and Snecial Funds 677, 530 Total Reserve Balances 518 646
Current and Accrued Liabilities
Current and Accrued Assets
Cash in account 5, 751 Vouchers payable 20, 652
Accounts receivable 35, 679 Contracts and notes payable 9, �65
Accrued water revenue (pumped but not billed) 29, 344 Accrued payroll taxes (PERA) 4, 825
Materials and supplies 6, 274 Acerued salaries and wages 4, 800
Prepayments 891 Due to other funds 1, 804
Due from other funds 49�
Assessments receivable 4, 833
Temporary loans receivable 7, 300
Meter deposits due (transfers) 176
Total Current and Accrued Assets 90, 738 Total Current and Accrued Liabilities 41, 446
Balance of Earned Surplus 208, 176
Total Assets and Other Debits $10, 715, 513 Total Liabilities and Other Credits $10, 715, 513
(5ee notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 2 6
City of Brooklyn Center
Public Utilitie s Fund
STATEMENT OF OPERATIONS AND EARNED SURPLUS
Year 1966
Water Sewer
Department Department Total
Operatin� Income
Service to customers $181, 561 $192, 321 $373, 882
Service hookup charges 7, 070 7, 070
Penalties 504 5, 098 5, 602
Other (Permits, service charges, etc. 11, 015 9, 870 20, 885
Gross Revenue $200, 150 $207, 289 $407, 439
Less Operatin� Revenue Deductions
Operating expense $?2, 067 $109, 208 $181, 275
Depreciation 51, 360 65, 548 116, 908
Total Operatin� Revenue Deductions $123, 427 $174, 756 $298, 183
Net Operatin� Income 76, 723 32, 533 $109, 256
Add: Extraneous Income
Credit from City of Minneapolis on prior
years sewer rental (see Note 6) $127,429
Less: Credit granted to Brooklyn
Park for prior years sewer rental 4, 232) $123, 197
Interest income on monies invested 11, 272
Total Extraneous Income 134 469
Deduct: Income Deductions
Revenue bond interest and service charges 37, 728
Redemption of debt 51, 0 53
Capital outlays from revenue (see Note 6) 113, 370
Total Income Deductions (2 02, 151)
Net Income Available for Transfer to Earned Sur�lus 41, 574
Earned surplus January 1 1966 165 2b8
Amounts restored to surplus from debt service reserves 1, 334
Balance of Earned Surplus, December 31 1966 $208 176
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
City of Brooklyn Center Exhibit 27
Public U�ilities Fund
WATER DEPARTMENT pPERATING EXPENSE5
Year 1966
Functional Classification Department
Source of 5uppiy Transrnission Administration Customer Acetng. Tota�
Labor 3, �37 3, 67� 15,269 5, 628 27, 806
Materials 9, 665 Z, 018 312 11, 995
Electricity 9, 874 9, 874
Purification supplies 7, 162 7, 162
Rent and administration (to City of Brooklyn Center) 4, 620 4, 620
Public Employee s' Retirement Fund 1, 971 1, 971
Postage 1, 835 1, 842
Insurance 1, 200 1, 200
Operation of equipment 91 826 107 1, 024
Refunds water cha.rges 774 774
Supplies 567 25 39 77 7A8
Consulting fees 59Q 590
Fuel heating 528 528
Equipment rental 22 3$0 3 80 485
Fuel equipment 476 476
Pump repairs 398
Small tools 196 10 100 306
Printing 242 242
Subscriptions 31 31
Schools and conferences 14 14
Refunds of penalties 14 14
Othe r 6 1
Tot als 31, 746 6, lp5 26, 246 7, 970 72, 067
(See notes to financial statements)
This statement is an integral part of report dated May 29 1967
City of Brooklyn Center Exhibit 28
Publie Utilities Fund
SEWER DEPARTMENT OP�RATING EXPEN5ES
Year I966
t
Functional Classification
Disposal Customer Department
Pumping Transmission Administration Accountin� Total
5hare of costs on jointly used facilities
Minneapolis 69 051 69, 051
Crystal 3, 641 3, 641
Labor 2,834 3,714 7,9�5 3,367 17,840
Rent and administration (to City of Brooklyn Center) 4, 620 4, 620
Electricity 3, 846 3, 846
Consulting fees 3, 055 3, 055
Public Employees' Retirement Fund 1, 260 1, 260
Materials 19� 791 981
Operation of equipment 825 106 931
Insurance 722 722
Postage 717 717
Equipment rental 60 479 539
Fuel equipment 476 476
Supplies 152 133 26 77 388
5ma11 tools 206 91 297
Repairs lift stations and mains 199 70 269
Printing 170 170
Alarm systern 162 162
Fuel heating 151 151
Refunds of penalties 67 67
5chools and conferences 14 14
Sub s c ription s 6 6
Other 5
Totals 80, 286 5, 393 19, 092 4, 437 $109, 208
(See note s to financial statements
This statement is an integral part of report dated May 29, 1967.
Exhibit 29
City of Brooklyn Center
Public Utilitie s Fund
SUMMARY STATEMENT OF PLANT AND PROPERTY
AND PROVISION FOR DEPRECIATION
December 31, 1966
Assets Provision for Depreciation
Balance F3alance Balance Balance Depreciable
1-1-66 Additions Ded'ns 12 1-1-66 Add�tions Ded'ns 12-31-66 Life (Years)
Water Department
Mains and lines $2, 405, 788 $213, 717 $2 619 505 $128, 243 24, 058 $152, 301 100
Structures 344, 840 50, 335 395 175 66 258 11, 488 77, 746 30
Consurner meters in use 110, 415 18, 063 128, 478 27, 046 5, 520 32, 566 20
Equipment 204, 258 61, 500 265, 758 42, 560 10, 294 52, 854 5, 10, 20, 25
Total Water Department $3, 065, 301 $343, 615 -0- $3, 408, 916 $264, 107 51, 360 -0- $315, 467
Sewer Department
Mains and lines $4, 532, 147 $905, 222 $5, 437, 369 $304, 89� 64, 545 $369, 436 100, 45, 50
Equipment 10, 030 10, 030 5, 863 1, 003 6, 866 10
Total Sewer Department $4, 542, 177 $905, 222 -0- $5, 447, 399 $310, 754 65, 548 -0- $376, 302
Total Water and Sewer Departments 607, 478 $1, 248, 837 -0- $8, 856, 315 $574, 861 $116, 908 -0- $691, 769
(See notes to financial statements)
1 This statement is an integral part of report dated May 29, 1967.
City of Brooklyn Center Exhibit 30
Public Utilities• Fund
STATEMENT OF LONG-TERM DEBT- BONDED
December 31, 1966
Inte re st Principal Inte re st C oupon s
Certificate Coupon Outstanding Retired Outstanding Date of Outstanding Retired Outstanding
Numbers Rates 1 1966 12..31 Matu�ity 1 1966 12
1-5 3. 75% 25, 000, 00 25, 000. 00 1-1-66 19, 293. 75 19, �93. 75 -0-
7-1-.66 18, 825. 00 18, 825. 00 -0-
6-10 3. 75 25, 000, 00 25, 000. 00 1-1-67 I8, 825. 00 18, 825. 00
7-1-67 18,356,25 18,356,25
11-15 3. 75 25, 000. 00 25, 000. 00 1-1-68 18, 356, 25 18, 356, 25
7-1-68 17, 887. 50 17, 887. 50
16-20 3. 75 25, 000. 00 25, 000, 00 1 17, 887. 50 17, 887. 50
7-1-69 17,418.75 17,418.75
21-25 3. 75 25, 000. 00 25, 000. 00 1-1-70 17, 418. 75 17, 418. 75
7-1-70 16, 950. 00 16, 950. 00
26-31 3. 75 30, 000. 00 30, 000. 00 1-1-71 16, 950. 00 16, 950. 00
7-1-71 16, 387. 50 16, 387. 50
32-37 3. 75 30, 000. 00 30, 000. 00 1-1-72 16, 387. 50 16, 387. 50
7-1-72 15, 825. QO 15, 825. 00
38-43 3. 75 30, 000. 00 30, 000. 00 1-1-73 15, 825. 00 15, 825. 00
7-1-73 15, 262. 50 15, 262. 50
44-49 3. 75 30, 000. 00 30, 000. 00 1-1-74 15, 262. 50 15, 262. 50
7-1-74 14, 700. 00 14, 700.00
50-55 3. ?5 30, 000. 00 30, 000. 00 1-1-75 14, 700. 00 14, 700. 00
7-1-75 14, 137, 50 14, 137. 50
56 3. 90 30, 000, 00 30, OQO. 00 1-1-76 14, 137. 50 14, 137. 50
7-1-76 13, 552. �0 13, 552. 50
62-68 3.90 35, 000. 00 35, 000. 00 1-1-77 13, 552, 50 13, 552. 50
7-1-77 12,870.Q0 12,.870.00
69-75 3.90 35,000.00 35,000.00 1-1-78 12,870,00 12,870.00
7-1-78 12, 187. 50 12, 187. 50
76-82 3. 90 35, 000. 00 35, OpO. 00 1-1-79 12, 187. 50 12, 187. 50
7-1-79 11, 505. 00 11, 505. 00
83-89 3. 90 35, 000. 00 35, 000. 00 1-1-80 11, 505. Op 11, 505. 00
7-1-80 10,822.50 10,822.50
90-96 3.90 35,000.00 35,000.00 1-1-81 10,822.50 10,822.50
7-1-81 10,140.00 10,140.00
97-104 3. 90 40, 000. 00 40, 000, 00 1-1-82 10, 140. 00 10, 140. 00
7-1-82 9, 360. 00 9, 360. 00
105-112 3.90 40,000.00 40,000.00 1-1-83 9,360.00 9,360.00
7-1-83 8,580.00 8,580.00
113-120 3.90 40,000,00 40,000.00 1-1-84 8,580,00 8,580.00
7-1-84 7, 800. 00 7, 800. 00
Gity of Brooklyn Genter Exhibit 30
Public Utilities Fund Cont'd
STATEMENT QF LONG-TERM DEBT $ONDED
December 31, 1966
Interest Principal Interest Coupons
Certificate Coupon Outstanding Retired Outstanding Date of Outstanding Retired Outstanding
Numbers Rates 1 1966 12 Maturity 1 1966 12
12�-128 3, 90°�0 40, 000. 00 40, 000. 00 1-1-85 7, 800. 00 7, 800. 00
7-1-85 7, 020. 00 7, 020, 00
129-137 3. 90 45, 000. 00 45, 000. 00 1-1-86 7, 020. 00 7, 020. 00
7-1-86 6, 142. 50 6, 142. 50
138-146 3. 90 45, 000. 00 45, 000. 00 1-1-87 6, 142. 50 6, 142. 50
7-1-87 5, 265. 00 5, 265. 00
147-155 3. 90 45, 000. 00 45, 000. 00 1-1-88 5, 265, 00 5, 265. 00
7-1-88 4, 387. 50 4, 387. 50
156 3. 90 45, 000. 00 45, 000, 00 1-1-89 4, 387. 50 4, 387. 50
7-1-89 3, 510. 00 3, 510. 00
165-173 3. 90 45, 000. 00 45, 000. 00 1-1-90 3, 510. 00 3, 510. 00
7-1-90 2, 632. 50 2, 632. 50
174-182 3. 90 45, 000. 00 45, 000. 00 1-1-91 2, 632, 50 2, 632, 50
7-1-91 1, 755. 00 1, 755. 00
183-191 3. 90 45, 000. 00 45, 000. 00 1-1-92 1, 755. 00 1, 755. 00
7-1-92 877. 50 877. 50
192-2U0 3. 90 45, 000. 00 45, 000. 00 1-1-93 877. 50 877. 50
$1, 000, 000. 00 25, 000. CO $975, 000. 00 $607, 608. 75 38, 118. 75 $569, 490. 00
General provisions of issue:
A. Obligations are payable solely from net operations of the Public Utilities
and are in no way a general tax liability of the City.
B. All bonds which mature on January 1, 1982 or thereafter are subject to redemption (call) on i
January 1, 1974, or any interest payment date thereafter in inverse numerical order, at par
and accrued interest and premium as follows:
1. If redeemed prior to January 1, 1977, premium of 3°jo.
2, If redeemed January 1, 1977, or thereafter prior to January 1, 1981, premium of 1-1 /2%.
3. If redeemed January 1, 1981, or �hereafter, no premium.
C. The resolution authorizing and directing the issuance of these bonds contains certain covenants
and restrictions enacted for the general purpose of protecting the bondholders, Paragraph 8
of the resolution provides for the segregation of assets and the restriction of surpluses for
debt retirement purposes and defines the manner in which the activities of �he Publi� Utilities Fund
will be accounted for, Note 6 of "Notes to Financial Statements" refers to various accounting
requirements in more detail and should be referred to.
(See notes to financial statements)
This statement is an integral part of report dated May 29 1967
Exhibit 31
City of Brooklyn Center
Agency Funds
COMBINED BALANGE SHEET
December 31, 1966
A�ent For
Fire Public
Department Employees
Combined Relief Retirement
Total Association Association
ASSET5
Cash on hand and in depositories 65 65
Temporary investments 2, 276 2, 276
Due from other funds 14 14
PERA contributions due from
enterprise funds 8, 038 8, 038
Cash with County Treasurer's office 250 44 206
Taxes receivable:
Levied in 1965, collectible in 1966 468 71 397
Prior years' tax levies 963 316 647
Total Assets $12, 074 $431 $11, 643
LIABILITIES AND FUND BALANCE5
Due to other funds 61 61
Fund balances (See E�ibit 32) 12, 013 370 $11, 643
Total Liabilities and Fund Balances $12, 074 $431 $11, 643
(See notes to financial statements)
t
This statement is an integral part of report dated May 29, 1967.
Exhibit 32
City of Brooklyn Center
A�ency Funds
COMBINED STATEMENT
OF REVENUE, EXPENDITURES AND FUND BALANCES
Year 1966
Fire Public
Department Employees
Combined Relief Retirement
Total Association Association
Fund Balance January 1, 196h $39, 628 671 $38, 95?
Add; Revenue
Real estate and personal property
taxes 36, 294 5, 337 30, 957
Insurance premium rebate 5, 306 5, 306
PERA contributions from
enterprise funds:
Liquor stores 3, 217 3, 217
Public Utility Fund 3, 232 3, 232
Earnings on temporary investments 553 553
Balance and Additions $88, 230 $11, 314 $76, 916
Deduct: Expenditure s
Payments to principal of agency 76, 173) 10, 927) 65, 246)
Write off tax levy balances 44) 17) 27)
Fund Balance December 31, 1966 $12, 013 370 $11, 643
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 3 3
City of Brooklyn Center
Investment Trust Fund
BALANCESHEET
December 31, 1966
ASSETS
Cash in depositories 3 929
Accrued interest receivable 25, 628
Inve stment s:
Face Premium or Cost
Value (Discount� Basis
U. S, government securities $1, 032, 000 1, 044) $1, 030, 956
Brooklyn Center securities 84, 500 51 �34, 551
Gonstruction loan to 19b5
Fund 3,000 3,OOQ
Construction loan to 1966
Fund 614,700 614,700
Total Investments $1, 734, 200 993) 1, 733, 207
Total Assets 1 2
76 764
LIABILITIES
Due contractors (Performance deposits) 4, 059
Unclaimed cash (Law enforcement activities) 1,7
Due participating funds:
Special Assessment Funds $1, 142, 035
Gene ral Fund g 5 h c�
Poor Fund 7, 815
C e rtificate of Indebtedne s s Fund 2, 049
Public Employees Retirement Association Fund 2, 276
Park Board Redemption Fund 14, 310
Liquor Fund 36, 971
Public Utilities Fund 406, 449
Park Fund 39, 602
Bond Fund 20, 115
Bond Redemption Library 1, 407
Total Due to Participatin� Funds (See Exhibit 35) 1, 758, 688
t Total Liabilities $1, 762, 764
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
Exhibit 34
City of Brooklyn Center
Investment Trust Fund
STATEMENT OF EARNINGS
Year 1966
Interest Income
United States government securities $51, 091
Construction loans 14, 741
Certificates of deposit 12 138
Brooklyn Center securities 3, 262
Total Interest Income �gl 232
Expenses
Audit 348
Net Income Distributed to Participating Funds $80, 884
Explanation
The Investment Trust Fund was established during 1956 to provide a uniform
and consistent means for investing temporary surpluses of cash. Net income of
the fund i5 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
I effective rate of return on average investment by participating funds is shown
below by years.
Rate of Net
Year Return Income
1966 4. 66�/0 80, 884
1965 3.80 61,913
1964 3.64 48,367
1963 3. 18 45, 056
1962 3. 17 61, 129
1961 3.05 55,939
1960 3. 62 57, 908
1959 3. 27 33, �c��
1958 2,62 14,835
1957 3.12 9,938
1956 2.77 1,832
Total Distributed Earnin�s Since Inception of the Fund $471 295
(See notes to financial statements)
This statement is an integral part of report dated May 29 1967
i
Exhibit 35
City of Brooklyn Center
Investment Trust Fund
CHANGES IN PARTICIPATING FUND BALANCES
Year 1966
Balance Net Fund Income of Balance
January 1, Additions 1966 December 31,
1966 Withdrawals) Distributed 1966
Special Assessment Funds
Bond Fund No. 1 56, 388 5, 900) 2, 756 53, 244
1955 A 129, 425 2, 700 6, 419 138, 544
1956 AC 139, 400 8, 000) 7, 210 138, 610
1956 B 1, 230 1, 230) 50 50
1957 AB 86, 266 20, 500) 4, 251 70, 017
i 1958 A 92 ,577 10,900 4,685 108,162
1958 B 192, 529 15, 000) 8, 965 186, 494
1959 AB 97, 390 1, 400 4, 962 103, 752
1960 AB 33, 448 36, 500 3, 470 73, 418
1961 AB 112, 805 27, 900 6, 174 146, 879
1963 A 45,892 23,400 2,823 72,115
1965 A 11, 753 37, 300 1, 687 50, 740
1966 A -0- -0- 10 10
Total Special Assessment Funds 999 103 89, 470 53, 462 $1, 142, 035
General Fund 107, 340 26, 322) 5, 641 85, 659
Poor Fund 9, 174 1, 800) 441 7, 815
Certificate of Indebtedness Func� 138 l, 700 211 2, 049
Public Employees' Retirement
Association Fund 17, 422 15, 700) 554 2, 276
Park Board Redemption Fund 11 569 2, 000 741 14, 310
Li.kuor Fund 26, 509 8, 000 2, 462 36, 971
Public Utilities Fund 398, 401 8, 000) 16, 048 406, 449
P�rk Fund 17, 342 20, 658 602 39, 602
Bond Fund -0- 19, 400 715 20, 115
Bond Redemption Library -0- 1, 400 7 1, 407
Total All Funds $1, 586 998 90, 806 80, 884 $1, 758, 688
(5ee notes to financial statements)
This' statement is an integral part of report dated May 29, 1967.
Cit of Brookl n Center
v v
SUMMARY STATEMENT OF GENERAL FIXED ASSETS E�chibit 36
December 31, 1966
January 1, Year 1966 Balance
Investments 1966 Acquisitions Disposals Dec. 31 1966
Land and land impro�rements 44, 940 3, 292 250 47, 982
Building Osseo Rnad and 63rd Avenue 101, 614 101, 614
Building 65th and Lyndale 85, 034 85, 034
Builciing Municipal Hall 57, 052 57, Q52
Building Library -0- 246, 016 246, 016
Buildings Other 3g, 293 38, 293
Park properties (includes buildings)
Northport 106, 439 18, 388 124, 827
Grandview $5, 348 6, 589 91, 937
Willow Lane 75, 808 l, 416 77, 224
Bellvue 75, 055 2, 487 77, 542
Garden City 37, 475 1, 824 39 299
Happy Hollow 32 701 1, 466 34, 167
Kylav��n 59, 143 7, 869 67 012
Evergreen 43, 195 17, 529 60, 724
Orchard 16, 229 4, 840 21, 069
South Creek 5, 655 5, 655
Wangstad 361 361
Palmer Lake Terrace 3, g91 82, 361 86, 252
P rooklane 453 1, 640 2, 093
Lions Club Park 1, 375 12, 367 13, 742
Undistributed costs 42, 971 8, 548 999 50 520
E quipment
Street and highway 227, 539 14, 043 11, 105 230, 477
Fire protection 90, 662 17, 008 107, 670
Recreation 31 589 31, 589
Civil defense 16, 545 1, 852 18, 397
Police 20, 223 11, 224 4, 910 26, 537
Courts 127 127
General equipment 67, 586 15, 244 2, 535 80, 295
Furniture and fixtures �42, 759 3, 689 46, 448
Storm sewer and street projects 3, 774, 317 420, 837 4, 195, 154
Totals $5, 184, 379 $900, 529 19, 799 $6, 065, 109
Source of Investment
General indebtedness 611, 438 $216, 368 827, 806
Ad valorem levies 485, 64? 203, 324 19, 799 669 172
Liquor store revenues and certificates 304, 571 304, 571
Gontributions received 406 60, 000 68,.406
Special assessment projects (storm sewers and streets)
Owners, contractors and City share 3, 5�7, 137 420, 837 4, 017, 974
Hennepin County 177, 180 177, 180
Totals $5, 184, 379 $900, 529 19, 799 $6, 065, 109
(5ee notes to financial statements)
This statement is an integral part of report dated May 29, 1967..
Exhibit 3 7
City of Brooklyn Center
SUMMARY STATEMENT
OF GENERAL LONG-TERM DEBT AND INTEREST
December 31 1966
Amount Available And to be Provided
Amount available in debt service funds (See Exhibit 15):
Park bond redemption fund 15, 881
Library bonds 1, 427
I Certificate of indebtedness redemption fund 2, 876
i State loan fund 1, 454
On deposit with paying agents 44, 938
I Tota1 Amount Available 66 576
Amount to be provided in future periods:
�I For interest $158, 576
For principal 689, 618
Total Amount to be Provided 848, 194
Total Amount Available And to be Provided $914, 770
I General Debt And Interest to be Paid
in Future teriods (Exhibit 3E)
General debt (principal portion):
Park acquisition bonds $295, 000
Library bonds 190, 000
C e rtificate s of indebtedne s s 104, 000
State loan certificates 4, 200
Assessments on City properties (Note 7) 148, 056
Total General Debt (Principal Portion) $741, 256
Inte re st payable in future pe riods:
Bonds and certificates I73, 514
Total General Debt And Interest to be Paid in Future Periods $914, 770
(See notes to financial statements)
This statement is an integral part of report dated May 29, 1967.
City of Brooklyn Center Exhibit 38
SCHEDULE OF
GENERAL LONG-TERM DEBT AND INTEREST BY MATURITIE5
December 31 1966
General Debt Principal Portion Interest Payable
Payment C e rtificate s State C e rtificate s State
Due Total Park Library of Loan Assessments Payable Total Park Library of Loan
During Principal Bonds Bonds Indebtedness Certificates General Parks Interest Bonds Bonds Indebtedness Certificates
1967 61,204 20,000 10,000 19,500 1,400 3,292 7,012 27,874 11,470 12,395 3,904 105
196g 71,588 20,000 10,000 28,000 1,400 3,292 8,896 20,089 10,730 6,565 2,724 70
1969 60,092 20,000 10,000 16,500 1,400 3,296 8,896 18,081 9,974 6,195 1,877 35
1970 62 687 20, 000 10, 000 16, 500 7, 291 8, 896 16, 258 9, 194 5, 825 1, 239
1971 62,852 20, 000 10,000 15,500 7,291 10;061 14,471 8,396 5,455 620
1972 59,206 20,000 10,000 8,000 7,291 13,915 12,844 7,599 5,085 160
1973 46, 361 20, 000 10, 000 7, �91 9, 070 11, 511 6, 796 4, 715
1974 39,865 20,000 10,000 7,291 2,574 10,334 5,989 4,345
1975 47,651 20,000 10,000 7,291 10,360 9,150 5,175 3,975
197b 44,750 20,000 10,000 3,495 11,255 7 ,960 4,355 3,605
1977 30,000 20,000 10,000 6,765 3,535 3,230
197g 30,000 20,000 10,000 5,565 2,715 2,850
1979 30,000 20,000 10,000 4,365 1,895 2,470
1980 30,000 20,000 10,000 3,165 1,075 2,090
1981 25,000 15,000 10,000 2,042 332 1,710
1982 10,000 10,000 1,330 1,330
1983 10,000 10,000 950 950
1 84 10 000 10,000 570 570
9
1985 10,000 10,D00 190 190
256 2 5 000 '':19G,000 104,000 4,200 �77, 121 90,935 $173 89,230 73,550 10,524 210
Totals $741, 9
(See notes to �fi.nancial statements)
This statement is an integral part of report dated May 29, 1967.
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1966
Note 1: The "Combined Balance Sheet All Funds and Groups
I� (Condensed Form) Exhibit 1" is presented as an information
statement only, The reader is cautioned that the figures as
sh:own under the "Combined Total" column are a combining of
unlike purpose groups (funds) and cannot be construed as indica-
tive of the over-all financial position of the City. The financial
position and the results of operations of each fund should be
ascertained by reference to the individual exhibits as submitted
for that fund within this report.
Note 2: Special Assessment Funds
The financing for Special Assessment Fund 1965 was com-
pleted during the early part of 1966 and special assessment bonds
in the face amount of $345, 000 (dated 1/1 /1966) were issued and
sold.
Note 3: Special Assessment Funds
During 1965, appropriations and related appropriation
expenditures for certain projects were transferred from the
1965 Fund to the 1966 Fund. The financing for these projects
is arranged through the 1966 Fund and the transfer was necessary
so that the activities of project construction, financing and assess-
ment of costs to property owners are accounted for within the same
fund entity.
Note 4: Municipal Liquor Fund
The resolution authorizing the issuance of revenue certificates
contains restrictive covenants which were enacted for the benefit
and protection of certificate holders.
Paragraph 5c provides that at least quarterly the following
year's principal and interest requirements be segregated and
set aside in cash for the benefit of certificate holders. As of
December 31 1966 cash in the amount of $15, 125 (representing
$14, 828 for interest and principal falling due on January 1, 1967,
and $297 for matured interest coupons of prior periods) is on hand
with the paying agent.
Para ra h 5d requires a restriction on the availability of
g P
surplus for transfer which is equal to the next ensuing year�s
principal and interest requirements. As of December 31 1966
restricted surplus totalled $16, 102. ($13, 000 principal due
Januar}r 1, 1968 and interest for the year 1967 in the amount of �3, 102).
City of Brooklyn Center
NOTES TO FINANCIAL 5TATEMENTS
Year 1966
Note 5: Municipal Liquor Fund
The Lyndale Avenue store (Store #1) and the Osseo road
store (Store #2) are located on City owned properties. Store #3
is located in the Brookdale Shopping Center and the premises
are occupied pursuant to terms of a five-year lease which expires
on February 28, 1967 The rental for the store and warehouse
facilities is fixed at $66? per month. The rental for parking and
mall facilities is based upon a proportionate share of the maintenance
and upkeep expenditures made by the landlord and is adjustabie yearly.
Note 6: Public Utilities Fund
Public Utilities revenue bonds were issued during 1963 for
the purpose of financing an addition to the water works system.
These bonds, together with related interest and service charges
are payable solely from the Public Utilities Fund and are not
considered a general obligation of the City. The resolution authorizing
and directing the issuance of these bonds defines the method of
accounting for the utilities fund and imposes certain covenants and
restrictions which serve the purpose of protecting creditors' interests.
As required by Paragraph l0e of the issuing resolution, an
analysis of each account balance appears below:
Construction Account
Proceeds of bond sales $1, 000, 000
Earnings provided by temporary
investment qf construction monies 72, 109
Construction expenditures paid 629 320)
Account Balance 442 7g9
Revenue Bond Account
Cash on hand with paying agent to
meet matured coupons and principal and
coupons maturing 1-1-67 43, 825
Accumulated amounts set aside to
meet 1967 requirements for
interest and principal
Cash in bank 2, 125
Investments and accrued interest 62, 602 64, 727
Account Balance 108, 552
Reserve Account
Face value of government securities ?5, 000
City of Brooklyn Center
NOTE5 TO FINANCIAL STATEMENTS
Year 1966
No�e 6: Public Utilitie s Fund
(Cont'd) A summary which reconciles restricted assets with
restricted surplus and also compares restricted surplus
with restriction requirements as set forth by the resolution
authorizing the sale of revenue bonds is presented below:
Revenue
Construction Bond Reserve
Account Account Account
Assets restricted 12-31-66 $442, 789 $108, 552 75, 000
Less:
1. Liabilities payable from
restricted funds 43, 825)
2. Monies derived from
borrowing (bond issues) 370, 681)
Restricted Surplus 12 _31 66 $?2, 108 64, 727 75, �UU
Required per Resolution 72, 108 64, 727 75, 000
On November 10 1966, the City entered into an agreement
with the City of Minneapolis relating to the use and joint ownership
of sanitary sewer facilities. Under the terms of the contract the
City of Brooklyn Center has acquired an equity in existing facilities
at a total cost of $884, 210. A credit was given to the City in con-
sideration of past years' contributions in the amount of $131, 670
and the balance of the contract ($752, 540) is payable over a thirty-
year period with interest at 3 1/2% per annum. A portion of the
credit received by Brooklyn Center is attributable to sewer facility
use by the Village of Brooklyn Park and accordingly, the City has
granted Brooklyn Park a credit of $18, 300 to be applied against
future sewer usage charges. The portion of the net credit attributable
to prior years has been credited to extraneous income ($123, 197) and
the present contract balance as of December 31, 1967 is $744, 787.
City of Brooklyn Center
NOTE5 TO FINANCIAL STATEMENTS
Year 1966
Note 7: Summary Statement of General Lon -Term Debt and Interest
g
Special assessments which relate to improvements benefiting
City-owned properties total $148, 056 as of December 31 1966
The payment for these improvements (with no interest charge) has
been scheduled over a period extending through 1976. These assess-
ments are obligations of the park board fund and the general fund and
payment is planned under normal budget pracedures, whereby the
needed monies will be appropriated during the years as each install-
ment becomes due.
Note S: James H. Johnston, attorney for the City, has advised that
as of May 29, 1967, there were no contingent liabilities or pending
lawsuits in which the City was involved, which would be material
to the financial representations contained on the financial statements.
;I These notes are an integral part of report dated May 29, 1967.
I
STATISTICAL
INFORMATION
SECTION
Population
Real Property
Assessed Value:
Home stead
Excess and Non-Homestead
Total Assessed Value
Estimated Value;
Full and T rue
Market
Personal Property
Assessed Value
Estimated Value:
Full and T rue
Market:
Household
Commercial and Other
Total Market
Total Real and Personal Property
Assessed Value
Estimated Full and True Value
Estimated Market Value
Ratio of Total Assessed Value to Total
Full and True Value
Market Value
Pe r C apita V aluation s
Assessed Value
Full and True Value
Market Value
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LS61
City of Brooklyn Centex Sck�edule II
t TAX RATES AND �'AX LEVIES
Years 1950 Through 196b
School District Total CitY, 5chool, Goun�y and State N, H, S.,
Year #286 #279 #281 #11 State Dist. #286 Dist. #279 Dist. #281 Dist. #11
Callectible City (Earle Brown)(Osseo) (Robbinsdale) (Anoka) County N,H,5, H.5. (Earle Brown) (Osseo) (Robbinsdale) (Anoka)
�2)
Tax Rates Mills Per $1. 00 of Assessed Value
1950 21. 50 86. 88 83. 78 76. 80 72. 38 28. 52 8 69 4 11 145� 59 142, 49 135. 51 131. 09
1951 30. 60 102. 50 77. 60 79. 00 68. 50 25. 33 8. 52 4, 12 166. 95 142, 05 143, 45 132, 95
1952 46. 85 127. 00 103. 70 87, 80 81. 80 31. O1 7. 72 4. 9� 212. 58 189. 28 173, 38 167. 38
1953 34.20 88.80 61.00 70.00 50.00 29.89 6.84 4.58 159.73 131.93 140.93 120.9�
1954 40. 30 163. 80 76, 70 75. 40 87. 56 29. 66 9. 54 5. 28 243, 30 156. 20 154. 90 167. 06
1955 43.40 172.40 111.70 81.80 8�.84 29.57 9.15 3.93 254.5z 193.82 163 163 .96
1956 42. 70 175. 50 120. 80 95, 40 85. 80 33. 70 9. �5 3, 98 261. 05 206. 35 180. 95 171. 35
1957 44.00 106.60 119.90 108.64 96.55 31.87 9.15 3.81 191.62 204.92 193.66 181.57
1958 46. 47 126. 91 119. 51 108 64 90. 15 38. 13 12. 62 6, O1 224. 13 216. 73 205. 86 187. 37
1959 52. 05 130. 94 146. 66 115. 18 104. 95 39. 32 12. 42 5, 90 234, 73 250. 45 218. 97 208. 74
1960 51. 00 167. 56 157. 64 120. 10 114. 70 40. 14 14. 32. 8, 10 273. 02 263, 10 225. 56 220. 16
1961 48. 26 189. 64 163. 00 139. 20 123. 53 41. 46 13. 85 6. 84 293, 21 266, 57 242. 77 227. 10
1962 48. 54 211. 59 179. 99 158. 69 134. 00 45. 40 15. 51 6, 39 321. 04 289.44 2b8. 14 243. 45
1963 50.12 219.00 184.62 154.72 131.09 47.23 16.85 8.31 333.20 �98.82 268.92 245.29
1964 50. 68 225. 60 189. 62 150. 08 134. 85 52, 51 17. 14 8. 22 345. 93 309.95 270.41 255. 18
1965 49 g0 215. 26 195. 50 154. 72 144. 77 59. 69 16. 14 6. 84 340. 89 321. 13 �80, 35 270. 40
196F, 51.62 227.22 199.98 155.00 153.23 55.66 18.42 18.32 352.92 325.68 280.70 278.93
Tax Levies on Prope�ty Within Brooklyn Center
Year Total Total City, 5chools, County
Collectible #286 #279 #281 #11 Schools County City State and 5tate
1950 32, 374 6, 212 11, 763 3, 348 53, 697 25, 421 13, 893 3, 993 97, 004
1951 42,121 6,491 13,696 3,291 65,599 26,059 �1,909 4,281 117,848
1952 63,785 9.603 17,463 4,613 95,464 38,802 3�,829 5,073 179,168
1953 81,574 10,410 25,352 5,557 122,893 66,412 53,678 8,433 251,416
1954 176,165 14,335 31,�18 11,203 233,421 82,946 74,169 12,765 �k03,301
1955 226,198 27 39,251 12,538 305,243 104,114 95,808 12,651 517,816
1956 290 ,011 36 ,956 68 ,649 15,171 410,787 136,728 122,573 16,578 686
1957 239.666 76,912 170,396 24,547 511,521 214,395 207,532 27,859 961,307
1958 303,466 134,960 202,292 24,298 665,016 309,786 262,840 48,723 1,286,365
1959 327 237 ,021 228,907 30,387 823,95� 252,434 333,000 54,601 1,463
196p 427 ,311 465,174 248,382 42,211 1,183,078 479,907 404,905 84,515 2,152,405
1961 497,907 665,299 320,697 43,880 1,527,783 451 ,594 452 ,289 91,090 2,522,756
1962 551,349 771,611 367 59 ,153 1,7�9,80� 440,294 470,746 98,108 2,758,952
1963 587,665 $30,918 524,099 76,198 2,018,880 52$,874 561,236 139,015 3,24$,005
7q64 6�2,578 883,£342 526,189 100,10z 2,132,711 615,335 593,890 147,785 3,489,721
1965 668,p61 976,585 614,756 140,923 2,401,225 779,230 650,137 153,954 3,984,546
196n 72�,353 1,003,28'7 623,412 171 2 744,231 690,212 245 4 ,207,089
(1)=Formerly !?11H (2?-I�'c,rrz�erly �'28 (3)=Formerly #2� (4)=Formerly #29,#220
3
Schedule III
City of Brooklyn Center
NOTES TO TAX RATE5 AND TAX LEVIES
Years 1950 Throu�h 1966
Tax Limitation by Statute:
$54. 00 per capita exclusive of taxes levied for local improvements
(as amended)
Debt Service not included in above limitation
Taxes Due Date:
First Monday in January
Taxes Delinquent Date:
Personal Property March 1- amounts over $10. 00 first half March 1,
s e c ond half July 1
Real Estate first hal.f May 31, second half October 31
No discount allowed
Penalties for Delinquency:
Personal Property 8%
Real Estate June 3 July 4%, August 5%, September 6%, October 7%,
November and December 8 after first Monday in January 10%
Tax sale date second Monday in May
Taxes are collected by the County Treasurer of Hennepin County
Tax collections are distributed in the proportion of the Cit levy to all levies
Y
�I
5chedule IV
City of B rooklyn C ente r
TAX LEVIE5 1�ND TAX GOLLECTIONS
Years 1961 Through 1966
Ratio of
Collections Percentage Collections Accumulated
of Current of Levy of Prior Ratio Delinquent
Total Year's Taxes Collected Year's Taxes of Total Accumulated Taxes to
Year Tax During Fiscal During Fi�cal During Fiscal Total Callections Delinquent Current Year
Collected Levy Period Period Period Collections to Tax Levy Taxes Tax Levy
19b1 $443,753 $439,67� 99.08 3,879 $443,551 .9995:1 8,033 .01810:1
196� 463, 483 457, O10 98. 60 3, 8�8 460, 858 9943: 1 10, 042 02167: 1
1963 555, 178 545, 757 9g. 30 4, 712 550 469 9915 14, 446 02602:1
1964 587, 636 573, 684 97. 62 8, 082 581, 766 9900:1 19, 9�6 03391:1
1965 643,014 624,056 97.05 8,186 632,242 .9832:1 28,985 .04508:1
19b6 683, 060 674, 192 98. 70 13 069 687, 261 1. 0062:1 23, 619 03458:1
Note: The City's taxes are the only ones included in this table.
City of Brooklyn Center
SPECIAL ASSESSMENT COLLECTIONS Schedule V
Years 1961 Throu�h 1966
Current Special
Assessments Amount Ratio of Total Current and
Install.ments Becoming Collected Current Delinquent Percentage Balance
Fiscal Due During Currently During Collections to Assessments Uncollected Collected Uncollected
Period the Fiscal Period the Fiscal Period Amount Due At Year End Through 12 /31 /66 As of 12 /31 /66
1961 383, 274 353, 380 92z0: 1 45, 796 99. 18I0% 3, 136
1962 418 ,706 383,202 .9152:1 51,692 97.5410 10,295
1963 460, 329 418, 657 9095: 1 73, 472 96. 0680 18, 097 I
1964 449,253 383,848 .8544:1 I19,525 93.1010 30,993
19b5 444, 993 393, 593 8845: 1 136, 775 92. 1810 34, 793
1966 429,759 394,942 .9190:1 135,667 91.8980 34,817
With State Department of Lands 3, 293
Special Assessments are certified to the Hennepin County Auditor for collection
Note; Special Assessment bonds are general obligations according to Section 430. 12 of Minnesota Statutes.
5chedule VI
City of B rooklyn C ente r
REVENUES OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENTS
Years 1961 Through 1966
Penalties and Revenue from Char es for Revenue in Excess
g
Interest Licenses FinES Use of Current of Expenditures
Fiscal From and and Shared Money and Services and other Public Liquor
Period Property Taxes Permits Forfeitures Taxes Property Revenue Utilities Stores
1961 3,266 59,904 20,426 85,623 12,327 89,880 21,706 70,652
1962 3,178 38,809 27,974 92,197 16,084 71,438 5,861 82,101
1963 4,647 32,308 24,813 102,689 28,451 88,573 50,460 89,058
1964 3, 168 31, 026 24, 215 101, 578 20, 671 217, 644 83 793 99 565
1965 6,489 48,757 22,724 122,588 29,954 129,819 55,024 106,541
1 6 8 73 50 48 22 126 156 536 24 540 249 364 109 256 114,227
96 ,9 9
i
1
1
1
1
1
1
1
1
Schedule VII
City of Brooklyn Center
EXPENDITURES FOR SELECTED FUNCTIONS
F Years 1961 Throu�h 1966
Public Parks
Fiscal General Safety and and
Period Government Welfare Hi�hways Recreation
1961 $150,912 $153,189 $200,075 $103,082
1962 152,644 188,179 231,871 111,144
1963 173,736 194,900 229,569 125,352
1964 169,019 230,102 293,301 175,049
1965 194,888 258,719 291,306 167,042
1966 218,335 290,232 306,616 310,219
I
Schedule VIII
Cit of Brookl Center
Y Yn
RATIO OF NET B(JNDED DEBT TO ASSE5SED VA�LUE
AND NET BONDED DEBT PER CAPITA
Years 1961 Throu�h 1966
Gross Less: Amount Ratio of Net Bonded I�'ebt to Net Bonded
Fiscal Estimated Assessed Bonded in �ebt Net Bonded Assessed Debt Per
Period Population Value Debt 5ervice Funds Debt Values Capita
1961 25, 843 9, 371, 923 5, 354, 200 1 979 808 3, 374, 392 3600: 1 130. 57
21 400 2 0 7 21 3 120 181 .3217:1 116.17
19b2 26, 858 9, b98, 11*� 5, 7, 9, 9
1963 28 203 11, 197 840 5 396, 100 920, 472 4 475 628 3996:1 158. 69
1964 29, 02� 11, 718, 430 5, 607, 800 1, 031, 779 4, 576, 021 3904:1 157. 66
1965 30, 108 13, 054, 621 5, 188, 500 1, 591, 659 3 596 8�1 2755:1 119.46
1966 31 ;500 13,371,017 5,263,200 1 3,764,104 .2815:1 119.49
I
5chedule IX
City of Brooklyn Center
STATEMENT OF LEGAL DEBT MARGIN
Decembe r 31 1966
Assessed value $13, 371, 017
Debt limit 20°jo of assessed value 2, 674, 203
Total bonded debt $6, 324, 200
Deductions:
1. Debt Service Funds
(General Obligation) 21, 744
2. Special Assessment Bonds 4, 670, 000
3. Liquor store revenue
certi£icates 86, 000
4. Utility revenue bonds 975, 000 5, 752, 744
Total Debt Applicable to Debt Limit 571, 456
Le�al Debt Mar�in, December 31, 1966 2, 102, 747
i
Schedule X
City of Brooklyn Center
MI5CELLANEOUS STATI5TICAL FACTS
December 31 1966
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 Year Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 95. 07
County and State 12. 85
Federal 5. 08
Miles of Storm Sewers 30
Number of Street Lights 69?
Building Permits:
Number of Permits Issued:
1966 430
1965 465
1950 1964 inclusive 9, 452
Estimated Cost:
1966 7, 261, 065
1965 12, 046, 272
1950 1964 inclusive 94, 362, 208
Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 40
Poliee Protection:
Numbe r of 5tation s 1
i Number of Employees 25
i
f
Schedule X
C ont' d
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31 1966
Parks and Recreation:
146 acres developed for regular use. 160 additional acres of City-
owned land designated for parks and playgrounds to be developed.
Full-time employees 11
Part-time employees 19
Supervised playgrounds 13
Park shelters 13
Ice skating rinks 13
Hockey rinks 4
Softball diamonds 18
Baseball diamonds 4
Wading pools 2
Tennis courts 4
Basketball courts 4
Annual attendance (1966) at all organized activities (registered) 13, 758
Education:
Public Schools:
5chool Districts within Braoklyn Center (4)
No. 11 No. 286 No. 281 No. 279
(Anoka) (Earle Brown) (Robbinsdale) (Osseo)
Total school buildings 24 2 25 13
School buildings within
Brooklyn Center 0 2 2 5
Total students
registered 22, b34 2, 398 24, 880 10, 413
Students from Brooklyn
Center registered 1, 125 2, 398 l, 924 4, 844
Total square miles in
school district 170 2. 8 34 65
5quare miles within
Brooklyn Center 1. 2 2, 8 2. 0 2. 5
1966 assessed
valuation 28, 820, 924 3, 681, 440 49, 692, 209 14, 932, 393
Parochial Schools (1)
Schedu�e X
C ont' d
Gity of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1966
Municipal Water Plant.
Number of connections 4, 061
Average daily consumption 1, 555, 91Q gallons
Peak daily consumption 5, 119, 000 gallons
Plant capacity daily 7, 488, 000 gallons
Miles of water mains 70. 6012
Number of fire hydrants 548
Number of wells 6
Number of elevated reservoirs 2
Water rate per thousand gallons 35�
Municipal Sewe r Plant:
Number of connections 6, 89�
Miles of sanitary sewer g5, g49
Average daily disposal 2, 115, 380 gallons
Daily di5posal capacity 7, 410, 000 gallons
Residential rate $4. 50 per quarter
Municipal Liquor Stores (Off Sale):
Number of owned stores 2
Number of leased stores 1
1966 sales $896, 540
City Employees:
As of December 31 i966
Permanent or regular 93
Temporary or part-time 59
Total 152
ElPctions:
Registered voters last state election 13, O10
Number af votes cast last state election 9, 384
's d o s
Percentage of regi tere v ter voting 72.1%
1 Population:
1940 1, 870
1950 4,284
1960 24,356
1965 (special census) 30, 108
1966 (estimated) 31, 500
Estimated residenti�l saturation point 38, 000