HomeMy WebLinkAboutAnnual Audited Financial Report-1968 f
I
I
AN N UAL
AUDITED FINANCIAL REPORT
of the
i
CITY MANAGER
BROOKLYN CENTER, MINNESOTA
For The Year Ended December 31, 1968
DONALD G. POSS, CITY MANAGER
I�
Prepared by
THE DEPARTMENT Of FINANCE
Paul W. Holmlund, Director
(Member of Municipal Finance Officers
Association of the United States and Canada)
I
i
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the 'Year Ended December 31, 1968
TABLE OF CONTENTS
Exhibit Page
Numbe r Numbe r
Certificate of Conformance l, 2
Listing of City Officials 3, 4
Organization Chart 5
Location of City Properties 6
Letter of Transmittal 7
General Comments 8, 9, 10, 11, 12,
13
Financial Statements Section
Auditor's Report 14, 15
Combined Balance Sheet December 31, 1968 1 16, 17
General Fund Statements
Balance 5heet December 31, 1968 2 18
Analysis of Changes in Unappropriated 5urplus
Year 1968 3 19
Statement of Revenue Estimated and Actual
Year 1968 4 20, 21
Statement of Expenditures, Appropriations
And Encumbrances Year 1968 5 22, 23
Statement of Expenditures and Encumbrances
Classified as to Activity, Character and Object
Year 1968 6 24, 2 5
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31, 1g68
TABLE OF CONTENTS
Exhibit Page
Numb e r Numb e r
Special Revenue Funds Statements
Combined Balance Sheet, December 31, 1968 7 26
Combined Analysis of Changes in
Unappropriated Surplus Year 1968 27
Combined 5tatement of Revenue and Expenditures
Year 1968 9 28
Capital Projects Fund Statements
Combined Balance Sheet December 31, 1968 10 29, 30
Gombined Statement of Appropriations
and Expenditures Yea� 1968 11 31, 32
Debt Service Funds Statements
Combined Balance Sheet December 31 1968 12 33 34
Combined Statement of Revenue, Expenditures
and Surplus Year 1968 13 35, 36
Special Assessment Funds Statements
Combined Balance Sheet December 31, 1968 14 37, 38
Combined Statement of Revenue, Expenditures
and Unappropriated Surplus for Debt Retirement
Year 1968 15 39, 40
Statement of Construction Expenditures, Compared
to Appropriations and Assessment of Costs
Year 1968 1Fj 41, 42,
43, 44
i, City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1968
TABLE OF CONTENTS
Exhibit Page
Number Number
Special Assessment Funds Statements, Cont'd
Statement of Long-Term Debt (Principal Amount)
December 31, 1968 I7 45, 46
Public Service and Enterprise Funds Statements
Municipal Liquor Fund
Balance Sheet December 31, 1968 18 47, 48
Analysis of Changes in Surplus Year 1968 19 49
Statement of Income and Expense Year 1968 20 50, 51
Statement of Long-Term Debt
December 31, 1968 21 52, 53
Public Utilities Fund
Balance Sheet December 31, 1968 22 54, 55
Statement of Operations and Earned Surplus
Year 1968 23 56
Water Department Operating Expenses Year 1968 24 57, 58
Sewer Department Operating Expenses Year 1968 25 59, 60
Summary 5tatement of Plant and Property and
Provisions for Depreciation
December 31 1968 26 61, 62
Statement of Long-Term Debt
Bonds Payable and Contracts Payable
December 31, 1968 27 63, 64
65, b6
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31, 1968
TABLE OF CONTENTS
I
Exhibit Page
Numbe r Numbe r
Trust and A�ency Funds Statements
Combined Balance Sheet December 31, 1968 28 67, 68
Combined Statement of Revenue, Expenditures
and Fund Bala Year 1968 29 69, 70
Investment Trust Fund (A fund to accomodate the investment
of temporary cash surpluses)
Balance Sheet December 31, 1968 30 71
Statement of Earnings Year 1968 31 72
Changes in Participating Fund Balances Year 1968 32 73
General Fixed Assets and General Long-Term Debt
I
Summar Statement of General Fixed Assets
Y
December 31, 1968 33 74, 75
Summary Statement of General Long-Term
Debt and Interest December 31 1968 34 76
Schedule of General Lon -Term Debt and
g
Interest by Maturities December 31 1968 35 77, 78
Notes to Financial Statements
Note 1 All Funds 79
I Note 2 Special Assessment Funds 79, 80
Note 3 Municipal Liquor Fund 80, 81
Note 4 Municipal Liquor Fund 81
Note 5 Public Utilities Fund 81, 82
Note 6 Public Utilities Fund 83
Note 7 Summary Statement of General Long-Term Debt and Interest 83
Note 8 All Fund s g 4
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1968
T-ABLE OF CONTENTS
Pa e
g
Schedule Number
Statistical Information Section
Assessed Value and E:timated True Value and
M.arket Value of All Taxable Property by Budget
Years Schedule I 85, 86
Tax Rates and Tax Levies
Years 1950 Through 1968 Schedule II 87, 88
i Notes to Tax Rates and Tax Levies Schedule III 89
Tax Levies and Tax Collections
Years 1961 Through 1968 Schedule IV 90, 91
Special Assessment Collections
Years 1961 Through 1968 Schedule V y2, 93
Revenues Other Than Property Taxes
and 5pecial Assessments
Years 1961 Through 1968 Schedule VI 94, 95
Expenditures for 5elected Functions
Years 1961 Through 1968 Schedule VII 96
Ratio of Net Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita
Years 1961 Through 1968 5chedule VIII 97, 98
Statement of Legal Debt Margin
December 31, 1968 Schedule IX 99
Computation of Direct and Overlapping Debt
December 31, 1968 Schedule X 100
Ratio of Annual Debt 5ervice Expenditures for
General Bonded Debt to Total General Expenditures
Last Eight Years Schedule XI 101, 102
Schedule of Revenue Bond Coverage
Last Eight Years Schedule XII 103, 104
Miscellaneous 5tatistical Facts Schedule XIII 105, 106,
107
THE MUNICIP�L FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
4Certifieg t�jat
THE ANNUAL FINANCIAL REPORT OF
`��h�e Cit of Bro ok� n Cen ter .Minn esota
y y
�or the Year �nded �e�ernber31,1966
SUBSTANTIALLY CONFORM5 'TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
�ut�ici�ai ,�'i�ta��tce �ff[cerg �ggoc[atiot�
AND THE
,�atio�tat �CortYtttittee oa �obernnte�tta� �uounti�g
Preeented September �9 1yG7. Cl�airman, Committec on Accountins
y
J.
I Exceutiv�e Director
i
�w �r r r r�
CITY OF BROOKLYN CENTER, MINNESOTA
CERTIFICATE OF CONFORMANCE
On September 19, 1967, the MUNICIPAL FINANCE OFFICERS ASSOCIATION OF THE
UNITED STATES AND CANADA certified that the Annual Audited Financial Report of the
City of Brooklyn Center, Minnesota For The Year Ended December 31 1966 conformed to
the principles and standards of public financial reporting as promulgated by the Municipal
Finance Officers Association and the National Committee on Governmental Accounting.
A Certificate of Conformance is awarded by the Municipal Finance Officers Association
of the United States and Canada only to the governmental unit whose financial report is
N
I judged to conform substantially to the high standards for financial reporting established by
the Association. These standards are contained in publications of the National Committee
on Governmental Accounting.
We believe our present annual report for the year ended December 31, 1968 continues
to conform substantially to such standards.
DEPARTMENT OF FINANCE
CIT Y OF BROOKLYN CENTER
City of Brooklyn Center
LI5TING OF CIT Y OFFICLALS
For the Year Ended December 31 1968
Elected Officials
Term of Office Term Expires
Mayo r Philip C ohen Two year s 12 31 69
Councilman Howard Heck Three years 12-31-69
Councilman John Leary Three years 12-31-70
Councilman Theodore Willard Three years 12-31-68
Councilman Earl Rydberg Two years 12
Officials Not Elected
City Manager ponald G. Poss
City Clerk Allen S. Lindman
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Administrative Assistant Bambridge E. Peterson
Administrative Assistant Robert L. Haarman
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 5tores Truman Nelson
Street Superintendent Henry Davis
Public Utilities Superintendent Frank Smith, Jr.
Assistant City Engineer James R. IVlerila
Health Officer R. I, Shragg, M. D,
Fire Marshall Robert Cashman
Sanitarian Robert Hutchison
-3-
City of Brooklyn Center
LISTING OF CIT Y OFFICIALS
At May 29, 1969
Elected Officials
Term of Office Term Expires
Mayor Philip Cohen Two years 12-31-69
Councilman Howard Heck Three years 12-31-69
Councilman John Leary Three years 12-31-70
Gouncilman Theodore Willard Three years 12-31-71
Councilman Earl Rydberg Two years 12-31-69
Officials Not Elected
City Manager ponald G. Poss
C ity C le rk Allen S. Lindman
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Administrative Assistant Robert Haarman
Administrative Assistant Bambridge E. Peterson
Department F�eads:
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.
Assistant City Engineer James R. Merila
Health Cfficer R. I. Shragg, M, D,
Fire Marshall Robert Cashman
Sanitarian Robert Hutchison
-4-
ORGANIZATION CHART CITY O� BROOKLYN CENTER, MINNESOTA
ELECTORATE
ADVISORY
Charter Commission
CITY COUNCIL
Mayor CITY ATTORNEY
ADVISORY j
Capital Improvements Review Board 4 Councilmen
ADMINISTRATIVE ASSISTANT
Cit Clerk
ADVISORY y
Citizens Architectural Committee ICITY MANAGER Purchasing Officer
ADVISORY ADMINISTRATIVE ASSISTANT
Human Rights Commission Planning
ADVISORY ADMINISTRATIVE ASSISTANT
Planning Commission Research
ADVISORY
Park and Recreation Commission
I
DIRECTOR DIRECTOR CITY TREASURER CHIEF INSPECTOR CHIEF MANAGER DIRECTOR ASSESSOR
Park Finance Department Protective Volunteer Liquor Civil Tax
Recreation Inspection Fire Store Defense Assessment
Department Department Department
CHIEF
Police Department DIRECTOR
Public Works Department
I I
Lieutenant Lieutenant Lieutenant City Engineer Superintendent Superintendent
Patrol Administrative Detective Engineering Street Public Utilities
Division Division Division Division Division Division
City of Brooklyn Center
Location of City Properties December 31, 1968
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Park System Key
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l. Willow Lane Park
';1 y
2. Orchard Lane Park
3 Kylawn Park
f 4. Lakeside Park
��'C�� 5. Brooklane Park
L �-�1� �:�.:.e-.
6. Wangstad Park
City General Properties 7. Northport Park
A. City Hall 8. Happy Hollow
B. Water Tower 9. Palmer Lake Park
C. Fire Station Liquor Store #2 10. Garden City Park
D. Library 11. Proposed Park
E. Liquor Store �$3 (located on 12. Lions Club Park
leased property-Brookdale) 13. Grandview Park
F.& G. Vacant 14. Evergreen Park
H. Well 15. Bellvue Park
I. Garage 2 wells 1 water tank 16. Marlin Park
J. Liquor Store �$l, fire station, 17. Bryant Park
garage &.police department 18. Riverdale Park
K. Future City Hall and Central Park 19. Freeway Park
L. Future Garage
M. Future Fire Station
-6-
C ITY
OF ADMINISTRATIVE OFFICE
OOK LY N 100 OSSEO ROAD
BROOKLYN CENTER, MINNESOTA 55429
l ��Tm�� TELEPHONE 561-5440
1 1
MINNEAPOLIS
June 9, 1969
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, 1968, prepared by the Department of Finance
under m eneral su ervision is submitted for our consideration
Y J P Y
The summary of the report will be published in the Brooklyn Center
Post on July 24 19 69
Re�ectfully submitted,
r
,•;T -o-�.�.-'
Donald G. Poss
City Manager
-7-
i
City of Brooklyn Center
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 eo le.
P P
The form of government established by the Charter is the "Council-
Manager Plan". The Council exercises the legislative power of the City and
determines all matters of policy. The Council is composed of a Mayor and
four 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 of the Administrative branch of the City government and is responsible
to the Council for the proper adrriinistration 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 appointed by the Council. All other officers and
employees of the City are appointed by the City Manager. Appointment or
removal of department heads are made final upon a majority vote of the Council.
8
City of Brooklyn Center
GENERAL COMMENTS
Financial Control and the Budget
The Gity Charter grants the City Council full authority over the
financial affairs of the City. The Charter requires that all funds of the
City except funds made up of proceeds of bond issues, public service
enterprise funds, and special assessment funds, be budgeted. The City
Manager is charged with the responsibility of preparing the estimates of
the annual budget and the enforcement of the provisions of the bud et as
g
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 M
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 1968 follows:
-9-
City of Brooklyn Center
GENERAL COMMENTS
Financial Control, Cont'd
Proposed Expenditures (Public Service Enterprises Excluded)
City operations (General Fund) $1, 264, 988
Poor relief 7, 000
Firemen's Relief Association 36, 706
Debt service 74, 378
Public Employees' Retirement Association 76, 567
Policemen's Pension Fund 42 169
Total Proposed Expenditures $1, 501, 808
Proposed Source of Financing
Taxation see summary of taxation presented below) 868, 807
Shared taxes (state and federal) 284, 364
Civil Defense reimbursement 5, 037
Local revenues:
Liquor stores $120 979
Permits, penalties, licenses and
fines 65, 500
Engineering and clerical fees 60, 000
Services to public utilities fund 11,256
Recreation receipts 19, 725
Services and other 6, 580
Rent 20, 000 304, 040
General fund surplus 39, 560
Total Proposed Financin 1, 501, 808
10-
City of Brooklyn Genter
GENERAL COMMENTS
Financial Control, Cont'd
Ad valorem tax levies for the current year 1968 and for the two previous
years (1967 and 1966) are summarized and presented below:
1968 1967 1966
Mill Rate Amount Mill Rate Amount M.ill Rate Amount
Tax Levy
City operations 37. 58 $631, 9g7 42. 38 $660 827 37. 49 $501 269
Park general fund 6. 42 85, 805
Poor relief 42 7, 000 64 10, 000 26 3, 500
Firemen's Relief
Association 2, 18 36, 706 10 1, 560 .40 5. 405
Debt service 4. 43 74, 378 5. 52 86, 052 4. 46 59, 714
Public Employees'
Retirement Assn. 4. 55 76, 567 2, 74 42, 758 2. 32 31, 000
Policemen's Pension
Fund 2. 51 42 169
County park system 24 3, 653 27 3, 653
Total Levy 51. 67 $868, 807 51, 62 $804, 850 51 62 $f>90, 346
1968 1967 1966
Assessed Valuation
Real estate $15,242, 320 $14,290, 018 $12, 148, 363
Personal property 1, 574, 574 1, 301, 952 1, 2"L2, 654
Total Assessed
Valuation $16, 816, 894 $15, 591, 970 $13, 371 017
The financial condition of each fund as of December 31 1968, and the
results of each fund's operations for the year, together with a comparison of
these results to budget estimates, is presented within the financial statements
section of this report.
The City carries surety bonds on the p�sitions of: City Manager, Clerk,
Treasurer, Assessor, Deputy Assessor, Liquor Store Manager and Assistant
=��Park General Fund included in General Fund for 1967 and 1968
-11-
City of Brooklyn Center
GENERAL COMMENTS
Financial Control, Cont'd
Manager. In addition, the City is covered by an Honesty Blanket Position
bond on all other City employees.
General Operations
The City. in addition to the usual activifies of general government,
public safety and welfare, high��ays 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 General Fund.
The net revenues of the public utility have been retained within the
Public Utilities Fund and employed for sewer and water utility purposes,
Accoizntin� System
The accounting for all activities of the City is divided into various
purpose gro�zps or funds as required by statute and/or good accounting practice.
Exc�ept for minor variances, all funds are maintained on an accrual basis and
in conformity wi.th generally accepted accounting principles applicable to
goti-ernmental entities as set forth by the National Committee On Governmental
Accounting
-12-
City of Brooklyn Center
GENERAL COMMENTS
Accounting System, Cont'd
The accounts of the City are classified in conformance with classifi-
cations 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 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 Finance. The responsibility for maintainirig and pre-
scribing all financial records, establishing and maintaining internal control,
and preparing financial and budgetary reports are delegated to this department.
-13-
FINANCIAL
STATEMENTS
SECTION
�'I
MOEN PENTTILA
CERTIFIED PUBLIC ACCOUNTANTS
12f0 GLENWOOD AVENUE
MINNEAPOLIS, MINNESOTA 55405
DIAL 377-5180
To the City Council
City of Brooklyn Center, Minnesota
G entlemen:
We have examined the financial statements of the various funds of the
City of Brooklyn Center as of December 31 1968 and for the calendar year
then ended. Our examination was made in accordance with generally accepted
auditing standards, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary in the
circumstances.
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 financial transactions and funds
of the City as included in the records maintained by the
Department of Finance.
-14-
Gity Council
Brooklyn Center
In our opinion, the accompanying balance sheets and related
statements of revenue, expenditures and surplus (E�ibits 1 through 35),
together with the notes apperided thereto, present fairly the financial
position of the various funds of the City of Brooklyn Center on December 31,
1968 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.
Respectfully submitted,
(a
Oiva Penttila
Certified Public Accountant
MOEN PENTTILA
Field work completed May 21 1969
Report signed June 4 196g
-15-
i
Combined
Explanation Total
Assets and Resources (Note 1)
Cash on hand and in depositories 231, 478
Temporary investments 3, 167 796
Accounts receivable 74, 391
Accrued revenue 74,232
Due from other funds 115, 586
Cash held by County Treasurer's office 1, 170
Monies on deposit with State of Minnesota 277, 548
Taxes receivable 45, O11
Special assessment receivables 4, 122, 104
Cash held by paying agents for debt and int�rest 624, 957
Inventories and supplies 126, 321
Securities held for investment and securities authorized for sale 4, 572 915
Prepaid expenses and deferred charges 5, 035
Fixed assets (net of depreciation where applicable) 16, 821 575
Unassessed construction 698 749
Amount available general debt and interest 29, 558
Amount to be provided general debt and interest 687, 525
T otals 3
1, 675, 951
Liabilitie s
Vouchers and accounts payable
Accrued sales tax payable 16 3� 933
Contracts payable 757� 687
Assessments payable 136, 540
Accrued expenses 149, 677
Due to othe r fund s 115 58 6
Construction and debt redemption loans payable 1, 126, 500
Customer and contractor deposits 173 037
Bonds and certificates payable 6, 053, 400
Due funds participating in inve stment trust 2, 489 014
Interest payable in future years (general debt) 126, 511
Total Liabilities $11, 293, 664
Surplus, Reserves and Fund Balances
Surplus and surplus reserves set aside 2, 190, 737
Contributed surplus g, 197, 791
Investment in general fixed assets 7, 411 679
Unexpended appropriations, authorizations and balances 2, 582, 080
Total Surplus, Reserves and Fund Balances �2p, 3g2 2g�
Totals $31, 675, 951
-16-
City of Brooklyn Center Exhibit 1
COMBINED BALANCE SHEET ALL FUNDS AND GROUPS (CONDENSED FORM)
December 31 1968
'al Ca ital Debt S ecial. Mun'ci al P
Speci p p i p ublic General General Debt
General Revenue Projects Service Assessment Liquor Utilities Agency Investment Fixed Assets and
Fund Funds Funds Funds Funds Fund Fund Funds Trust Fund Group Interest Group
(Exhibit 2) (Exhibit 7) (Exhibit 10) (E�ibit 12) (Exhibit 14) (Exhibit 1$) (Exhibit 22) (Exhibit 28) (Exhibit 30) (Exhibit 33) (Exhibit 34)
4, 033 788 46, 655 222 3, 538 18, 461 5. 907 17, 594 134, 280
315, 394 8, 273 21, 106 22, 691 1, 426, 391 43, 940 1, 253, 480 76, 521
11, 521 11, 082 432 49 922 1, 434
37, 604 758 35, 870
35, 137 71, 474 57 8, 918
1, 170
277, 548
34,983 555 5,475 3,998
4, 022, 112 99, 992
526, 838 16, 297 43, 454
8, 597 107, 292 10, 432 38, 368
2,250,000 2,322,915
810 2,446 1,779
7, 118 9, 402, 778 $7, 411, 679
698,749
29, 558
687, 525
$410,475 9,616 $2,595,309 "I.9,h5� $6,760,184 $196,043 $10,914,266 $100,305 $2,493,065 $7,411,679 $755,451
24, 185 965 11. 718 61 196 29,223 25,261 9,214 17
3,933
45,000 1,800 710,887
$136,540
120, 615 3, 548 25, 514
2,835 109,122 1,465 2,164
200, 000 926, 500
169,003 4.034
4,576,000 60,000 925,000 492,400
2 489, 014
126, 511
27, 020 965 256, 718 $5, 793, 433 99, 9�9 1, 857, 829 9, 214 $2, 493, 065 $755, 451
$383, 455 8, 651 8, 148 744, 672 96, 074 858, 646 91, 091
8, 197, 791
$7 411 679
2, 330, 443 29, 55? 222, 079
$383, 455 8, 651 $2,, 338, 591 $�9, 5S� 966, 751 9�, 07�- 9, 056, 437 91, 091 $7, 411, 679
$410, 475 9 616 $2, 595> 309 �9, 558 $6, 760, 184 $196, 043 $10, 914, 266 $100, 305 $2, 493, 065 $7, 411 679 $755 451
(See notes to financial statements)
This statement is an integral part of report dated May 21, 1969.
-17-
Exhibit 2
City of Brooklyn Center
General Fund
BALANCE SHEET
December 31 1968
ASSETS
Assets
Cash on hand and in depositories 4, 033
Temporary investments 315, 394
Accounts receivable 11, 521
Due from other funds 35, 137
Taxes receivable:
Real estate and personal property taxes:
Levied during 1967, collectible in 1968 8, 811
Prior years' levies 26, 172 34, 983
Inventories of supplies:
Materials and supplies 7, 257
Small tools 1, 340 8, 597
Prepaid expense 810
Total $410, 475
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Vouchers payable 24, 185
Contracts payable _p_
Due to other funds 2, 835
Total Liabilities 27, 020
Surplus
Reserve for 1968 budget encumbrances 6 964
Reserve for imprest cash and prepaid or deferred
expenditures 9, 027
Unappropriated surplus (Exhibit 3) 367, 464
Total Surplus 383, 455
Total $410, 475
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-18-
Exhibit 3
City of B rooklyn C ente r
General Fund
ANALYSIS OF CHANGE5 IN UNAPPROPRIATED SURPLUS
Year 1968
Actual
Budget Over (Under)
Actual E stimate E stimate
Unappropriated Surplus, January 1, 1968 243, 276 243, 276
Add:
Revenue (E�ibit 4) 1, 361, 301 1, 283,266 78, 035
Total Balance and Additions $1, 604, 577 $l, 526, 542 78, 035
Deduct:
Expenditures (Exhibit 5) $1, 228, 251 $1, 338, 693 110, 442)
Encumbrances (Exhibit 5) 6 964 6, 964
Increase to reserves for assets
set aside for specific use 1, 898 1, 898
Total Deductions $1,237, 113 $1, 338, 693 101, 580)
Una�propriated Surplus, December 31, 1968 367, 464 187, 849 179, 615
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969,
-19-
E�ibit 4
City of Brooklyn Center
General Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1968
Actual
Budget Over (Under)
lactual Estimate Estimate
Taxes
Real estate and personal property taxes $632, 073 $631, 987 86
Penalties and interest on tax bills 7, 464 7, 000 464
Total Taxes $639, 537 $638, 987 550
Licenses and Permits
Business licenses and permits:
Food 1, 685
Malt 1,231
Vehicle 903
Heating 835
Cigarette 709
Service station 610
Gas piping 400
Burglar alarm 322
Garbage haulers 285
Taxicab 160
Bowling alley 120
Fire alarm 120
All other business licenses permits 445
Total Business Licenses and Permits 7, 825 5, 000 2, 825
Non-Business Permits:
Building 28, 83g
Electrical 14, 7$2
Plumbing 14, 202
Heating 7, 941
5ewe r and wate r 4, 32 5
All other non-business permits 4, 185
Total Non-Business Permits 74, 273 32, 800 41, 473
Court Fines 31, 490 22, 000 9, 490
Grants Federal 38, 303 45, 868 7, 565)
Shared Taxes
Sales tax $157, 164 $157, 164
Cigarette taxes 57, 205 57, S00 595)
Liquor taxes 44, 560 44, 900 340)
Gasoline (State Aid Road Maintenance) 20, 220 19, 000 1, 220
Mortgage registry, mobile homes and
bank excise 7, 769 5, 500 2, 269
Total Shared Taxes $286, 918 $284, 364 2, 554
2�
Exhibit 4
City of Brooklyn Center Cont'd
General Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1968
Actual
Budget Over (Under)
Actual Estimate Estimate
Charges for Current Services
Recreation 20, 148 19, 725 423
Sale of maps, assessment searches,
etc. 2, 036 1, 700 336
Zoning and special use permits 1, 155 800 355
Platting fees 390 300 90
Total Char�es for Current Services$ 23, 729 22, 525 1,204
Charges to Other Funds
Engineering and clerical fees 80 646 70, 000 10 646
Public Utilitie s Fund rent and
administration) 11 256 1 1, 256
Liquor Fund (heat and light) 660 660
Work order charges use of equipment 24, 767 16, 880 7, 887
Total Charges to Other Funds $117, 329 98, 796 18, 533
Othe r
Interest income 8, 894 3, 000 5, 894
Civil Defense reimbursements 4, 270 5, 037 767)
Rental of property 2, 453 2 453
Refunds and reimbursements 1, 715 340 1, 375
Police towing fees 1, 267 1, 500 233)
Police auction 995 995
Sale of property 450 450
Other income 874 2, 070 1, 196)
20,918 11,947 8,971
Transfers In
1vlunicipal Liquor Fund $120 979 $120, 979
Total Revenue $1, 361, 301 $1,283,266 78, 035
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-21-
1968 Bud�et Appropriations
Original Amendments During 1968
1968 B ud�et Increases Decreases
General Government
Mayor and Council 50, 815 -0- 18, 413
Election voter registration 4, 665
Finance Administrative Office 113, 363 2, 763 -0-
Assessor 19, 381 3, 025 -0-
Accounting internal
audit 26, 875 -0- -0-
Independent audit 5, 500 500 -0-
Legal 16,350 3,088 -0-
Charter Commission l, 500 -0- -0-
General government buildings 29, 433 1, 300 -0-
Total General Government 267. 882 10, 676 18, 413
Public Safety and Welfare
Police protection 279, 105 600 -0-
Fire protection 34, 778 -0- -0-
Protective inspection 39, 222 1, 300 -0-
Civil defense 12, 439 -0- -0-
Animal' control 5, 000 1, 500 -0-
Regulations and inspections 5, 000 -0- -0-
Nursing sexvice 8, 882 -0- -0-
Library building 13, 660 -0- 600
Total Public Safety Welfare 398, 086 3, 400 600
Hi �hways
Engineering 98, 395 10, 000 -0-
Street department 209, 201 -0- -0-
Maintenance shop 47,270 -0- 1, 763
Street lighting 37, 000 -0- -0-
Total Hi�hways 391 866 10, 000 l, 763
Recreation Parks
Supervision of recreation 98, 336 3, 600 -0-
Adult programs 8, 600 -0- -0-
Summer playgrounds 20, 608 -0- -0-
Summer programs 21, 250 -0- -C-
Fall and winter sports 12, 175 -0- -0-
Park maintenance improvement 46, 185 63, 805 -0-
Total Recreation 207, 154 67, 405 -0-
Transfer to Other Funds -0- 3, 000 -0-
Grand Total $1, 264, 988 94, 481 20, 776
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969.
-22-
I� City of Brooklyn Center Exhibit 5
General Fund
STATEMENT OF EXPENDITURES, APPROPRIATIONS AND ENCUMBRANCE5
Year 1968
Expenditures and Encumbrances (Over Expended)
Final 1968 Dec. 31, 1968 Under Expended
1968 Bud�et Expenditures Encumbrances Appropriations
32,402 29,025 -0- 3,377
4, 6b5 3, 533 -0- 1, 132
116,126 108,269 212 7,645
22,406 22,326 -0- 80
26, 875 26, 290 -0- 585
6, 000 5, 997 -0- 3
19,438 19,112 -0- 326
1,500 20 -0- 1,480
30, 733 29, 126 100 1, 507
260, 145 243, 698 312 16, 135
279,705 273,249 181 6,275
34,778 32,684 1,647 4�7
40,522 40,311 -0- 211
12,439 10,589 44 1,806
6,500 6,455 -0- 45
5. 000 4, 984 -0- 16
8,£�82 8,882 -0- �0-
13,060 12,308 60 692
400.�86 389>462 1,932 9,492
108, 395 106, 472 54 1 869
209,201 166,603 3,998 38,600
45, 507 46, 053 377 922)
37,000 35,871 -0- 1,128
400.103 354 4,429 40,675
101,936 101,484 29 423
8, 600 10, 903 -0- 2, 303)
20, 608 19,254 -0- l, 354
21,250 21,111 32 107
12, 175 13, 754 -0- l, 579)
109,990 68,926 230 40,834
274,559 235,432 291 38,836
3, 000 4, 660 -0- 1, 660)
$l, 338, 693 $l, 228, 251 6, 964 103, 478
-23-
Total
Encumbrances Total
and Current Personal
Expenditures Expense Services
General Government
Mayor and Council 29, 025 13, 025 10, 681
Elections voter registration 3, 533 2, 262 2, 110
Finance Administrative Office 108, 481 105, 210 61, 620
Assessor 22,326 22,166 20,222
Accounting Internal Audit 26, 290 25, 292 25 242
Inde endent Audi
p t 5, 997 5, 997 5, 657
Legal 19,112 19,112 18,692
Charter Commission 20 20
General government buildings 29,226 23,228 11 596
Total General Government 244, O10 216, 312 $155, 820
Public Safety and Welfare
Police protection 273, 430 264, 373 $245, 624
Fire protection 34, 331 25, 151 19, 939
Protective inspection 40, 311 40, 311 38, 854
Civil defense 10, 633 7, 422 3, 750
Animal cont 1
ro 6 455 6 455 6
,455
Regulatio�zs and inspections 4, 984 4, 984 4, 984
Nursing 8, 882 8, 882 8, 882
Library building 12, 368 12, 368 5, 672
Total Public Safety Welfare 391, 394 369, 946 $334, 160
Highways
Engineering 106, 526 105, 422 $103, 747
Street department 170, 601 132, 179 108, 038
Maintenance shop 46, 429 45, 420
Street lighting �5, 872 35, 872
Total Highways 359, 428 318, 893 $211, 785
Recreation and Parks
Supervision of recreation 101, 513 101, 450 97, 382
Adult programs 10, 903 10, 903 6, 682
Summer playgrounds 19, 254 19, 254 16, 927
Summer programs 21, 143 21, 143 15, 559
Fall and winter sports 13, 754 13, 754 12, 571
Park maintenance improvement 69 156 18, 009
Total Recreation 235, 723 184, 513 $149, 121
Transfer to Other Funds 4, 660 4, 660
Grand Total
$1,235,215 $1,094,324 $850>88b
(See notes to financial statements)
This statement is an integral part of rep� rt dated May 21 1969.
L
City of Brooklyn Center Exhibit 6
General Fund
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
CLA5SIFIED AS TO ACTIVITY, CHARACTER AND OBJECT
Year 1968
Current Expense Classification Capital Expenditures
Contractual Capital Outlay Classification
Services Commodities Other Expenditures Land Equipment
2, 344 16, 000 16, 000
152 1,271 1,271
20,657 7,864 15,069 3,271 3,271
1,896 48 160 160
50 99g 998
340
332 88
20
7, 500 4, 132 5 998 5, 500 49g
30, 877 12, 064 17, 551 27 6g8 5, 500 22, 198
9, 451 6, 562 2, 736 9, 057 9, 057
2,746 1,120 1,346 9,180 9,180
1,333 124
1,470 713 1,489 3,211 3,211
6,200 496
21,200 8,891 5,6�5 21,448 21,448
80 l, 570 25 1, 104 1, 104
24,102 39 38,422 38,422
2,145 39,038 4,237 1,009 1,009
35, 872
38,097 64,710 4,301 40,535 40,535
3,472 463 133 63 63
4,221
2 327
5, 584
1,183
6,219 11,750 40 51,147 22,240 28,907
9, 691 25, 528 173 51, 210 22,240 28, 970
4,660
99> 865 $115, 853 27, 720 $140, 891 27, 740 $113, 151
=��Municipal contribution for North Hennepin Junior College
-25-
Exhibit 7
City of Brooklyn Center
Special Revenue Funds
COMBINED BALANCE SHEET
December 31 1968 t
G roup Park
Combined Poor Training Concessions
Total Fund Fund Fund
AS5ETS
Cash on hand and in depositories 788 24 63 701
Temporary investments 8, 273 7, 312 961
Taxes receivable:
Real estate and personal property:
Levied during 1967, collectible
during 1968 91 91
Prior years' levies 464 464
Totals 9, 616 7, 891 63 1, 662
LIABILITIES, RESERVES AND SURPLUS
Vouchers payable 965 965
Unappropriated surplus (Exhibit 8) 8, 651 6, 926 63 1 662
Totals 9, 616 7, 891 63 1, 662
(See notes to financiaT statements)
This statement is an integral part of report dated May 21 1969
-26-
Exhibit 8
City of Brooklyn Center
Special Revenue Funds
COMBINED ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
Year 1968
G roup P�a rk
C ombined Poo r T raining C once s sion
Total Fund Fund Fund
Unappropriated surplus,
January 1, 1968 8, 289 7, 280 63 946
Add: Revenue (Exhibit 9) 11,205 7, 377 3, 828
Deduct: Expenditures and
encumbrances
(Exhibit 9) 10, 843) 7, 731) 3, 112)
Unappropriated Surplus,
December 31, 1968 8 651 6, 926 63 1, 662
(See notes to financial statements)
This statement is an inte ral art of re ort dated Ma 21 1969
g P P Y
-27-
Exhibit 9
City of Brooklyn Center
5pecial Revenue Funds
COMBINED STATEMENT OF REVENUES AND EXPENDITURES
Year 1968
G roup Park
C ombined Poo r T raining C once s sions
Total Fund Fund Fund
Revenue
General property tax special
ad valorem levy 7, 056 7, 056
Concessions receipts 3, 817 3, 817
Interest earned on temporary
investments 332 321 11
Total Revenue $11, 205 7, 377 -0- 3, 828
Expenditure s
Subsistence, care and support
payments 3, 717 3, 717
Administrative charge 4, 014 4, 014
Purchases for resale 2, 464 2, 464
Purchases of equipment 648 648
Total Expenditures $10, 843 7, 731 -0- 3, 112
Excess of Revenue Over
Expenditures 362 354) -0- ?16
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
I
28
C ombined
Total
ASSETS
Cash in bank 46, 655
Bonds authorized and unissued 2,250,000
Temporary investments 21, 106
Monie s on depo sit with State of Minne s ota 2 77 548
Totals $2, 595, 309
LIABILITIES AND SURPLUS
Vouchers payable 11, 718
Contract payable 45, 000
Construction loans payable 200, 000
Reserve for authorized
expenditures (E�iibit 11) 2, 330, 443
Unappropriated surplus 8 148
Totals $2� 595, 309
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-29-
Exhibit 10
City of Brooklyn Center
Capital Projects Funds
COMBINED BALANCE SHEET
December 31 1968
Municipal
Certificates Certificates State Aid
of of for
Library Indebtedness Indebtedness Highway Capital
Bonds #10 #11 Construction Projects
42 11 46, 602
2,250,000
2,921 716 378 17,091
277, 548
2, g63 716 378 $294, 650 $2, 296, 602
11,011 707
45, 000
200,000
282,548 2,047,895
2,963 716 378 1,091 3,000
2, 963 716 378 $294, 650 $2, 296, 602
3�
I
C ombined
Total
Reserve for Authorized Expenditures
Federal grants and general obligation
bonds sold during 1966 250, 000
bonds authorized for sale during 1968 2, 2 50 000
Certificates of -indebtedness
sold during 1966 44, 000
sold during 1967 9, 500
State aid for highways
from 1967 and prior years 213, 217
from 1968 156,151
Interest on temporary investments 2. 206
Total Amount Appropriated $2, 925, 074
Less: Expenditures for authorized purposes:
Year 1964 12. 779
Year 1965 197, 074
Year 1966 61.222
Year 1967 29.483
ear 1968
Purchase of Civic Center and Park site 156, 580
Purchase of Municipal Garage site 45, 525
Street construction 86, 820
Total Expenditures 589, 483
Reserve for Authorized Expenditures December 31 1968 $2 330, 443
Unappropriated Surplus December 31, 1968 5, 148
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-31-
Exhibit 11
City of Brooklyn Center
Capital Projects Funds
COMBINED STATEMENT OF APPROPRIATIONS AND EXPENDITURES
Year 1968
Municipal
Certificates Certificates 5tate Aid
of of for
Library Indebtedness Indebtedness Highway Capital
Bonds #10 #11 Construction Projects
$250, 000
$2,250,000
44,000
9, 500
$213,217
156,151
957 142 16 1,091
$250.957 44,142 9,516 $370,459 $2,250,000
12, 779
197,074
30, 863 30, 359
7,278 13,067 9,138
156, 580
45, 525
86, 820
$247 43,426 9,138 86,820 202,105
-0- -0- -0- $282,54$ $2,047,895
2,963 716 378 1,091 -0-
-32-
Combined i
Total
ASSETS
i
Cash on hand and in depositories 222
Temporary investments 22 691
Cash held by County Treasurer's office l, 170
Taxes receivable:
Real estate and personal property:
Levied in 1967, collectible in 1968 996
Prior year levies 4, 479
Totals 29, 558
LIABILITIES AND SURPLUS
Unappropriated surplus 29, 558
Totals 29, 558
(See notes to financial statements)
This statement is an integral part of report dated May 21, 1969.
r
-33-
Exhibit 12
City of Brooklyn Center
Debt Service Funds
COMBINED BALANCE SHEET
December 31, 1968
Certificates
Park Library of
Bonds Bonds Indebtedness State Loan
r
94 53 75
18,996 2,720 975
1,170
441 227 269 59
1, 463 397 1, 095 1, 524
20,99.4 3,397 2.414 2,753
20,994 3,397 2,414 2,753
20,994 3,397 2 2,753
-34-
Combined
Total
Unappropriated Surplus, January 1, 1968 28, 718
Add: Revenue
General property tax levies 69 890
Interest on temporary investments 1, 674
Total Balance and Additions $100, 282
Deduct: Expenditures
Principal paid 51, 000
Interest paid 19, 604
Service charges (paying agent) 80
W rite off tax levy balanc e s 40
Total Expenditures 70, 724
Una�propriated Surplus, December 31 1968 29, 558
See notes to financial statements
This statement is an integral part of report dated May 21 1969
-35-
Exhibit 13
City of Brooklyn Center
Debt Service Funds
COMBINED STATEMENT
C�F REVENUE, EXPENDITURES AND SURPLUS
Year 1968
t Certificates
Park Library of
Bonds Bonds Indebtedness State Loan
18, 403 2, 414 4, 856 3, 045
31,944 17,171 19,597 1,178
1,079 220 375
51,426 19,805 24,828 4,223
20,000 10,000 19,600 1,400
10,355 6,380 2,799 70
52 28
25 15
30,432 16,408 22,414 1,470
20 ,994 3,397 2,414 2,753
-36-
All Funds
Combined Bond Fund
As sets Total No. 1
Cash on hand and in depositories 3, 538 31
Temporary investments (Exhibit 30) 1, 426, 391 45, g40
Accounts receivable 11, 082
Due from other funds 71, 474
Assessments receivable:
Future installments (principal) 3, 514, 278 36, 804
Delinquent assessments (principal interest) 121, 052 901
City General Fund (principal no interest charge) 136, 540
Interest applicable to 1968 on installments due in
1969 9,300
General City share for future taxation (principal
only) (Note 2) 209, 198
Installments applicable to tax forfeit property 31 744 194
Authorization to assess for construction in progress 698 749
Cash held by paying agents for debt and interest 526, 838 20, 296
Totals $6, 760, 184 $104, 166
Liabilitie s
Vouchers and contracts payable 61 196
Accrued expenses and costs 19, 777
Due to other funds 109, 122
Construction loans payable 926 500
Bonds and interest not redeemed (monies with
paying agent):
Bonds maturing January 1, 1969 426, 000 19, 000
Interest coupons maturing January l 1969 100, 838 1 296
Bonds payable future years (Exhibit 17) 4, 150, 000 56, 000
Total Liabilities $5, 793, 433 76, 296
Unappropriated surplus (deficit) for debt retirement
(Exhibit 15) 744, 672 27, 870
Unexpended appropriations for construction
(Exhibit 16) 222 079
Totals $6, 760, 184 $104, 166
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-37-
City of Brooklyn Center Exhibit 14
Special Assessment Funds
COMBINED BALANCE SHEET
December 31 1968
1955 A 195b AC 1956 B 1957 AB 1958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1 65 1 66 1 6
9 9 9 8
Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fun.d Fund
50 87 31 28 8? 5 97 7 29 2 77 79 2,928
141 157,484 6,288 76,575 124,995 182,211 157,893 19b,787 195,656 113,326 25,591 1,239 437
2,089 8,993
50. 355 290 294 16, 697 3, $38
I 75,285 136,390 24,�31 52,224 155,186 63,021 183,473 624,455 376,637 343,513 216,801 628,385 597,273
2, 540 2, 507 557 465 6, 098 862 1, 584 40, 202 40, 557 14, 772 1, 424 8, 583
406 35, 560 63, 064 3, 965 13, 578 12, 579 7, 388
19 322 8 5
,9 9
43,954 95,401 29,419 13,141 12 ,936 14,347
345 1,615 814 126 640 724 310 11,149 13,609 314 1,595 309
36,822 661,927
19,210 29,203 30,413 23,630 43,412 105,805 63,133 53,200 35,327 103,309
$239 $327,186 32,521 $129,418 $317,419 $270,453 $387,175 $1,108,293 $848,376 $558,805 $307,534 $823,349 $1,306,090
2) 1 1 1 61, 195
19, 777
294 180 13,604
17,075 77,9b9
926, 500
17,000 25,000 25,000 20,000 35,000 85,000 50,000 45,000 30,000 75,000
2,210 4,103 5,413 3,630 8,412 20,805 13,133 8,200 5,327 28,309
119,000 180,000 250,000 190,000 350,000 940,000 690,000 445,000 255,000 675,000
$138,208 $209,398 $280,594 $213,630 $393,412 $1,059 $753,134 $498,200 $290,327 $795,384 $1,085,441
101, 191 117, 788 32, 521 $129, 418 36, 825 56, 823 6, 237) 48, 884 95, 242 60, 605 17, 207 16, 935 9, 600
11,030 211,049
$239 $327,186 32,521 $129,418 $317,419 $270,453 $387,175 $1,108,293 $848,376 $558,805 $307,534 $823,349 $1,306,090
-38-
MOEN PENTTILA
i
Combined Bond
Total Fund 19 55 A 19 56 AC 19 56 B 19 57 AB
All Funds No. 1 Fund Fund F'und Fund
i?nappropriated Surplus
January 1, 1968 $647,988 25,333 94,427 $110,689 30,957 $122,704
Add: Revenue 1 68
9
Interest Assessments $199, 585 2, 467 4, 434 8, 133 1, 543 4, 013
Interest Investments 72, 374 2, 735 7, 170 7, 863 92 2, 898
Revenue 1968 $271, 959 5, 202 11, 604 15, 996 1, 635 6, 911
Less: Expenditures 1968
Interest $172, 019 2, 593 4, 420 8, 205
_A_�ent charges 1, 643 100 82 136 5$ 22
Abatements (additions) 1, 6I3 28) 338 556 66 175
Expenditures 1968 $175.27F. 2, 665 4, 840 8, 897 71 197
Unappropriated Surplus
December 31, 196�5 $744, 672 27, 870 $101, 191 $117, 788 32, 521 $129,418
(See notes to financial statements)
7his statement is an integral part of report dated May 21 19b9.
_3q_
Exhibit 15
City of Brooklyn Center
Special Assessment Funds
COMBINED STATEMENT OF REVENUE, EXPENDITURES
AND UNAPPROPRIATED SURPLUS FOR DEBT RETIREMENT
Year 1968
1958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1965 1966 1968
Fund Fund Fund Fund Fund Fund Fund Fund Fund
$30 969 $50, 030 10, 129) $40, 355 $85, 715 $47, 882 $13, 930 5, 126
$10, 683 4, 434 $12, 290 $41, 855 $26, 034 $23, 757 $12, 985 $37, 793 9, 164
6,489 9,658 8,677 8,695 9,864 5,499 1,059 1,239 436
$17,172 $14,092 $20 $50 ,550 $35,898 $29,256 $14,044 $39,032 9,600
$10,825 7,260 $16,825 $41,610 $26,265 $16,400 $10,655 $26,961
105 56 125 330 181 133 106 262
386 17) 125 81 75) 6
$11,316 7 ,299 $17,075 $42,021 $26,371 $16,533 $10,767 $27,223
$36,825 $56,823 $(6,237) $48,884 $95,242 $60,605 $17,207 $16,935 9,600
i�
-40-
I
Approp riations (Note 2)
Proj ect Original Added) Final
Number Description Al�propriations Cancelled Appropriation
Projects Closed durin� 1968
67-2 Street 25, 982. 00 2, 354. 92) 28, 336. 92
67-4 Sanitary sewer 25, 582. 00 1, 324. 47 24, 257. 53
67-6 Street 3, 740. 00 351, 42 3, 388. 58
67-10 Street 29, 690. 00 2, 987.45 26, 702. 55
67-11 Curb gutter 9,971.00 1,400.01 8,570.99
67-12 Street 1, 677. 00 763. 77) 2, 440. 77
67-13 Curb gutter 1, 708. 00 202. 91 1, 505. 09
67-14 Street 25, 370. 00 1, 257. 78) 26, 627, 78
67-15 Curb gutter 6, 876, 00 248. 42 6, 627. 58
67-16 Sanitary sewer 6, 898. 00 59.44) 6, 957.44
67-18 Street 5, 294. 00 866. 84 4, 427. 16
67-19 Curb gutter 30, 883.25 856. 94) 31, 740. 19
67-25 Street 13, 804. 00 441. 82 13, 362. 18
67-27 5anitary sewer 67, 140, 00 687. 10 66, 452. 90
67-28 Storm sewer 28, 704. 00 4, 844. 85 23, 859. 15
67-29 Street 49, 767. 00 1, 642. 87) 51, 409. 87
67-33 Street 12, 458. 00 3, 398. 19 9, 059. 81
67-36 Water main 54,253.00 3,176.49 51,076.51
67-37 Street 30, 960. 00 44. 17 30, 915. 83
67-38 Storm sewer 23, 283. 00 1, 291. 77) 24, 574. 77
67-40 Street 10, 392. 00 3, 340. 50 7, 051. 50
67-41 Storm sewer 6, 035. 00 24. 07) 6, 059. 07
67-44 Storm sewer 10, 927. 00 2, 841. 69) 13, 768. 69
67-46 Street 12, 063. 00 2, 389. 14 9, 673. 86
67-48 Sanitary sewer 11, 372. 00 2, 913. 38) 14, 285. 38
67-49 Water main 10, 171. 00 148. 31) 10, 319. 31
67-50 5treet 38, 808. 00 16, 356. 65) 55, 164. 65
67-51 Curb gutter 7, 925. 00 187. 16 7, 737. 84
67-52 Storm sewer 14, 340. 00 1, 935. 78) 16, 275. 78
68-14 Sanitary sewer 22, 610. 00 10, 961.82 11, 648. 18
68-15 Sanitary sewer 9, 935. 00 4, 552. 95 5, 382. 05
68-19 Water 7, 663, 00 629. 63 7, 033. 37
68-20 Sanitary sewer 3, 892. 00 1, 170. 60 2, 721, 40
68-21 Storm sewer 3, 442. 10 3, 442. 10
68-22 Street 18, 247. 00 5, 372. 50 12, 874. 50
68-23 Street 6, 629. 00 228. O1 6, 400. 99
68-26 Water 7, 909. 00 1, 875. 58 6, 033. 42
68-27 Sanitary sewer 12, 610. 00 4, 502. 36 8, 107. 64
68-29 Water 11, 315. 00 2, 945. 49 8, 369. 51
Total Projects Closed $680, 325. 35 25, 682. 51 $654, 642. 84
-41-
Exhibit 16
City of Brooklyn Center
Special Assessment Funds
GONSTRUCTION EXPENDITURES COMPARED TO APPROPRIATIONS AND ASSESSMENT OF COSTS
Year 1968
Expenditures (Note 2) Unexpended Costs Assessed Assessed Compared to Cost
Balance During Total (Overexpended) State Aid Property (Under) Over Applied to Water
1/1 /1968 1968 Expenditures Appropriations 5hare Share Total Assessed Utility (Note 2)
27, 074. 79 1,262. 13 28, 336. 92 28, 336.92 28, 336. 92
23, 910. 31 347. 22 24, 257. 53 24, 257. 53 24, 257. 53
3, 388. 58 3, 388. 58 3, 348 64 3, 348 64
28, 255. 14 1, 552. 59) 26, 702. 55 39. 94)
22, 714. 34 3, 988. 21 26, 702, 55
7, 967. 33 603. 66 8, 570. 99 594. 59 7, 976. 40 8, 570. 99
2, 2 59. 34 181. 43 2, 440. 7? 2, 440. 77 2, 440 77
1, 387.27 117. 82 1, 505. 09 1, 532, 26 1, 532.26 27, 17
25, 807. 49 820.29 26, 627. 78 22, 874. 37 3, 753.41 26, 627. 78
5, 952. 72 674, 86 6, 627. 58 6, 627. 58 6, 627. 58
6, 848. 90 108. 54 6, 957. 44 6, 957, 44 6, 957. 44
4, 348. 40 78. 76 4, 427. 16 4, 427. 14 4, 427. 14 02)
28, 179. 75 3, 560.44 31, 740. 19 14, 860. 60 16, 879. 58 31, 740. 18 O1)
13,049.02 313.16 13,362.18 13,362.18 13,362,18
65, 309. 75 1, 143. 15 66, 452. 90 67, 032. 90 67, 032. 90 580. 00
23, 341. 20 517. 95 23, 859. 15 23, 859. 15 23, 859. 15
47 514. 99 3, 894, 88 51 409. 87 5l 409. 87 51, 409. 87
8, 952, 19 107. 62 9, 059. 81 9, 059. 83 9, 059• 83 02
47 514. 99 3, 561. 52 51, 076. 51 56, 052. 53 56, 052. 53 4, 976. 02
13, 073. 60 17, 842, 33 30, 915. 93 30, 884. 90 30, 884. 90 31. 03)
22, 101. O1 2, 473. 76 24, 574. 77 24, 574, 77 24, 574. 77
2, 965. 44 4, 086. 06 7, 051. 50 6, 87q. 21 6, 879. 21 172• 29) I
6, 059. 07 6, 059. 07 6, 059. 07 6, 059. 07
13, 768. 69 13, 768. 69 13, 768. 69 13, 768. 69
4, 003. 91 5, 669. 95 9. 673. 86 9, 638, 66 9, 638. 66 35.20)
14, 068. 13 217, 25 14, 285. 38 14, 285. 38 14, 285. 38
9, 920. 42 398. 89 10, 319. 31 26, 143. 94 26, 143. 94 15, 824. 63
56, 702. 33 1, 537, 68) 55, 164. 65 55, 164. 65 55, 164. 65
7, 250. 47 487. 37 7, 737. 84 7, 742, 04 7, 742. 04 4.20
16, 141. O1 134. 77 16, 275. 78 16, 275. 78 16, 275. 78
11,648,18 11,648.18 11,648.18 11,648,18
5, 382. 05 5, 382. 05 5, 382. 05 5, 382, 05
7, 033, 37 7, 033. 37 19. 247. 37 19, 247. 37 12, 214. 00
2, 721. 40 2, 721. 40 2, 721. 40 2, 721. 40
3,442.10 3,442.10 3,442.10 3,442.10
12, 874, 50 12, 874. 50 12, 874, 50 12, 874. 50
6, 400. 99 6, 400. 99 6, 400. 99 6, 400. 99
6, 033, 42 6, 033. 42 5, 390. 00 5, 390. 00 643. 4"L)
8, 107. 64 8, 107. 64 8, 107. 64 8, 107� 64
8, 369, 51 8, 369. 51 9, 800, 00 9, 800. 00 1, 430.49
$517, 288. 48 $137, 354. 46 $654 642. 94 61 043, q0 $627 733. 66 $688, 777. 56 247. 10) 34, 381. 72
-42-
Appropriations (Note 2)
Project Original (Added) Final
Number Description Appropriations Cancelled Appropriation
Projects In Process 12 /31 /68
67-3 Water main 36, 822. 00 36, 822. 00
67-43 Street 11, 800. 00 70, 00) 11, 870. 00
67-47 Storm sewer
68-2 Water 26, 314. 00 26, 314. 00
68-3 Street 62, 557. 00 62, 557. 00
68-4 Street 12,229. 00 12, 229. 00
68-6 Water main 24, 362. 00 24, 362. 00
68-7 Street 22, 033. 00 22, 033, 00
6$-8 Water 15, 765. 00 15, 765. 00
68-9 Street 9, 490. 00 9, 490. 00
68-10 Street 41, 803. 00 41, 803. 00
68-11 Street 11, 776. 00 11, 776. 00
68-12 Storm sewer 45, 909. 00 45, 909. 00
68-13 Water 16, 931. 00 16, 931. 00
68-16 Water 26, 072. 00 26, 072. 00
68-17 Street 17, 528. 00 17, 528, 00
68-18 Water 111, 589. 00 111, 589. 00
68-24 Water 7, 949. 00 7, 949. 00
68-25 Street 4, 397. 00 4, 397. 00
68-28 Street 8, 040. 00 8, 040. 00
68-30 Street 8, 820. 00 8, 820. 00
68-31 Water 68, 979. 00 68, 979. 00
68-32 Street 55, 604. 00 55, 604. 00
68-33 Water 39, 527. 00 39, 527. 00
68-34 Street 27, 145. 00 27, 145. 00
68-35 Water 6, 833, 00 6, 833. 00
68-36 Street 2, 728. 00 2, 728. 00
68-37 Water 25, 103.00 25, 103.00
68-38 Street 9, 223. 00 9, 223. 00
68-39 Water 6, 549. 00 6, 549. 00
68-40 Sanitary sewer 8, 912. 00 8, 912. 00
68-41 Street 7, 214. 00 7, 214. 00
68-42 Water 31, 017. 00 31, 017. 00
68-43 Street 20, 078, 00 20, 078. 00
68-45 Water 29, 404. 00 29, 404. 00
68-46 Street 22, 416. 00 22, 416. 00
68-47 Street 745, 88 745. 88
68-48 Storm sewer 4, 825. 00 4, 825. 00
68-49 5anitary sewer 5, 7L7. 00 5, 717, 00
68-50 Water 9, 269. 00 9, 269. 00
68-51 Street 18, 089. 0-0 18, 089. 00
68-52 Street 8, 528. 00 8, 528. 00
68-53 Street 44, 835. 00 44, 835. 00
Unallocated costs
Total Projects in Process $974 926 88 70. 001 �974 qqF, RR
-43-
City of Brooklyn Center Exhibit 16
Special Assessment Funds Cont'd
CONSTRi�CTION EXPENDITURES COMPARED TO APPROPRIATIONS AND
ASSESSMENT FO COSTS
Year 1968
Expenditure s Unexpended
Balanc e During T otal Ove rexpended)
1 /1 /1968 1968 Expenditures Appropriations
25, 791, 91 25 791. 91 11, 030. 09
3, 442 50 8, 994. 84 12 437. 34 567. 34)
22, 583. 91 22, 583. 91 22, 583. 91)
18, 640. 17 18, 640. 17 7, 673. 83
2. 54 39, 999. 35 40, 001. 89 22, 555. 11
11, 583.23 11, 583.23 645. 77
19, 747. 76 19, 747. 76 4, 614. 24
15, 623. 63 15, 623. 63 6, 409. 37
10,957.01 10,957.01 4,807.99
7, 634. 62 7, 634, 62 1, 855. 38
1, 005. 18 45, 313. 51 46, 318. 69 4, 515 69)
10, 608. 57 10, 608. 57 1, 167. 43
41,289.25 41,289.25 4, 619.75
15, 821. 87 15, 821. 87 1, 109. 13
19,803.44 19,803.44 6,268.56
15, 656.24 15, 656. 24 1, 871. 76
111, 589. 00
5, 206.27 5, 206. 27 2, 742. 73
3, 862. 13 3, 862. 13 534. 87
10. 832. 67 10, 832. 67 2, 792. 67)
7, 303. 71 7, 303. 71 1, 516.29
48, 779. 48 48, 779. 48 20, 199. 52
44, 970. 66 44, 970. 66 10, 633. 34
34, 156. 58 34, 156. 58 5, 370. 42
20, 673. 95 20, 673. 95 6, 471. 05
5, 104. 87 5, 104. 87 1, 728. 13
2, 650. 68 2, 650. 68 77. 32
23, 622. 84 23, 622. 84 1, 480. 16
7, 885. 52 7, 885. 52 1, 337. 48
5, 817. 34 5, 817. 34 731. 66
6, 466. 96 6, 466. 96 2, 445. 04
3,477.21 3,977.21 3,23b.79
26, 062. 47 26, 062. 47 4, 954. 53
13, 335. 56 13, 335. 56 6, 742. 44
26, 156. 50 26, 156. 50 3, 247. 50
21, 685. 94 21, 685.94 730. 06
1, 468.29 1, 468.29 722. 41)
5, 476. 50 5, 476. 50 651. 50)
5, 454. 71 5, 454, 71 262. 29
7, 274. 30 7, 274. 30 1, 994. 70
17, 121 39 17 121. 39 967. 61
9, 330.26 9, 330.26 802.26)
41, 346. 62 41 346. 62 3, 4�8. 38
12, 394. 48 12, 394. 48 12, 394: 4��
30, 242. 13 �722 675, 29 _$752, 917. 42 $222 079. 46
-44-
Bond
Redemption
Year of Total Monies to
Fund Description of Issue Issue Issue Paying Agent
Bond Fund 1 Storm Sewer #1 serial issue 1952 304, 000 256, 000
Sanitary Sewer #1 serial issue 1952 48, 000 40, 000
1953 B serialissue 1953 55,000 55,000
1955 A 1955 A serial issue 1955 497, 000 378, 000
1956 AC 1956 C serial issue 1956 550, 000 370, 000
1957 AB 1957 A serial issue 1957 430, 000 430, 000
1957 B serial issue 1957 350, 000 350, 000
1958 A 1958 A serial issue 1958 530, 000 280, 000
1958 B 1958 B serial issue 1958 390, 000 200, 000
1959 AB 1959 AB serial issue 1960 630, 000 280, 000
1960 AB 1960 A serialissue 1960 768,000 368,000
1960 B serial issue 1961 885, 000 345, 000
1961 AB 1961 A serial issue 1962 595, 000 205, 000
1961 B serial issue 1963 430, 000 130, 000
1963 Fund 1963 A serial issue 1964 636, 000 191 000
1965 Fund 1965 A Improvement bonds 1966 345, 000 90, 000
1968 Fund 1968 Improvement bonds 1968 750, 000 75, 000
$8, 193, 000 $4, 043, 000
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
i
-45-
Exhibit 17
City of Brooklyn Center
Special Assessment Funds
5TATEMENT OF LONG-TERM DEBT {PRINCIPAL AMOUNT OUTSTANDING)
December 31 1968
Balance Last
Unpaid Installment
12-31-68 Due on Coupon Rates on Outstanding Bonds
48, 000 1-1-72 3. 50°�0
8, 000 1-1-73 3.20
1-1-69 3.30
119, 000 1-1-76 3.25
il 180,000 1-1-77 3.90
1-1-67 4, 00
1-1-67 4.50
250, 000 1-1-79 175 M C 4. 00�/0; 75 M@ 3. 90°�0; 25 M@ 3, 60°fo
190, 000 1-1-79 90 M@ 3. 60%; 60 M@ 3. 50�/0; 60 M@ 3.20°�0
350, 000 1-1-81 185 M@ 4. 50°"/0; 200 M@ 4.25%
400, 000 1-1-81 90 M@ 4. 50°�/0; 350 M@ 4.20°/0
540, 000 1-1-81 315 M@ 4.20%; 180 M@ 4. 10°�0; 90 M@ 4. 00%
390, 000 1-1-82 150 M@ 3. 75�/0; 120 N1 @3. 70°�/0; 120 M@3.40°�/0; 30 M@3.00°fo
300, 000 1-1-84 100 M@ 3. 70°�0; 120 M@3. 60°�/0; 80 M@3. 30°�0; 20 M@2.80°�0
445, 000 1-1-85 75 M@ 3. 60°�0; 80 M@3. 50%; 90 M@3.40°�0; 245 M@3.20%
255, 000 1-1-86 110 M@ 3. 80�/0; 175 M@ 3. 70°/0
675, 000 1-1-88 225 M@4. 00�/0; 210 M@4.20°�0; 165 M@4. 50%; 100 M@4. 70%;
$4, 150, 000 50 M@4. 80�/0
i
-46-
ASSETS
Current Assets
Cash on hand and in depositories 18, 461
Temporary investments 43, 940
Miscellaneous receivables (net) 432
Due from other funds 57
Cash held by paying agent revenue
certificate account (Note 3) 16, 297
Merchandise inventory (valued at cost) 107, 292
Prepaid expenses 2, 446
Total Current Assets $188, 925
Fixed Assets
Provision for
Depreciation Book
Cost Amortization Value
Fixture s and Equipment
Lyndale Avenue Store $11, 420 $11 334 86
Osseo Road Store 20, 588 15, 968 4, 620
Brookdale Store 10, 935 8, 523 2, 412
Leasehold Improvements
Brookdale Store (Note 4) 16, 779 16, 779
$59,722 $52,604
Total Book Value of Fixed Assets 7, 118
Total Assets $196, 043
(See notes to financial statements)
This statement is an integral part of report dated May 21, 1969
-47-
Exhibit 18
City of Brooklyn Center
Municipal Liquor Fund
BALANCE SHEET
December 31 1968
LIABILITIES AND SURPLUS
Current Liabilities
Accounts payable 29, 223
Accrued sales tax payable 3, 933
Accrued Public Employees' Retirement Association contribution 984
Accrued interest payable on revenue certificates 1, 297
Accrued insurance payable 422
Accrued wages payable 845
Due to other funds 1, 465�
Certificates payable portion due within one year (see below) 15, 000
Total Current Liabilities 53 169
Long-Term Liabilities
Revenue certificates payable (Exhibit 21) $60, 000
Less: Portion due within one year (as above) 15, 000 $45, 000
Contract payable l, 800
Total Long-Term Liabilities 46, 800
Total Liabilities 99, 969
Surplus (Exhibit 19)
Restricted per terms of resolution authorizing
the issuance of revenue certificates (Note 3) $16, 912
Undistributed surplus 79, 162
Total Surplus 96, 074
Total Liabilities and Surplus $196, 043
-48-
r
Exhibit 19
City of Brooklyn Center
Municipal Liquor Fund
ANALYSIS OF CHANGES IN 5URPLUS
Year 1968
Surplus, January 1, 1968 72, 717
Add: Net income (Exhibit 20) 144, 336
Balance and Additions $217, 053
Deduct: Transfers to other Funds
General Fund 120 979
Surplus, December 31, 1968 (To Exhibit 18) 96, 074
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
_49_
S�ale s
Less: Cost of sales
Gross Mar�in on Sales
Operatin� Expenses Requirin� Funds
Salaries and wages
Rent (Note 4)
Utilities and heat
Insurance
Payroll taxe s
Supplie s
Repairs and maintenance
Auditing
Protection service
Telephone
Laundry
Inventory variance and adjustments
Mileage
Provision for bad checks (net of recoveries)
Taxes and licenses
Miscellaneous
Breakage
Cash (over) and short
Total Operating Expenses Requiring Funds
Net Operatin� Income Before Depreciation and Amortization
Less: Depreciation and amortization of leasehold improvements
Net Operating Income
Add: Interest on temporary investments and miscellaneous income
Deduct: Interest and paying agent charges on revenue certificates
Net Income (Exhibit 19)
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-50-
r EXh�b�t a o
Gity of Brooklyn Center
Municipal Liquor Fund
STATEMENT OF INCOME AND EXPENSE
Year 1968
C ombined 1 #2 #3
Total Lyndale Ave. Osseo Road Brookdale
All Stores Store Store Store
$l, 106,259 688 �477, 398 $337, 173
843,409 224,602 365,955 252,852
262,850 67,086 $111,443 84,321
75,610 20,800 31,679 23,131
13, 505 13, 505
5, 397 1, 066 2, 086 2, 2'45
3, 994 l, 008 1, 730 l, 256
r 4 ,909 1 ,599 1,859 1,451
2,685 667 1,025 993
1,251 471 501 27g
827 205 373 249
794 174 240 380
662 223 219 220
721 111 368 242
768 61 158 549
206 69 69 68
305 8 136 161
47 16 15 16
35 12 12 11
32 8 7 17
492 199 llg 174
112,240 26 ,697 40 ,596 44,947
150,610 40,389 70,847 39,374
4, 059 27 1, 845 2, 187
146,551 40,362 69,002 37,187
360
2, 575)
144, 336
r
-51-
Interest Revenue Certificates Principal
Gertificate Coupon Outstanding Retired Outstanding
Numbers Rate 1-1-68 1968 12-31-68
68-80 4.25 $13, 000. 00 $13, 000. 00
81-95 4.25 15,000.00 $15,000.00
96-110 4.25 15, 000. 00 15, 000. 00
111-125 4. 25 15, 000. 00 15, 000. 00
126-140 4.25 15, 000. 00 15, 000. 00
$73, 000. 00 $13, 000. 00 $60, 000. 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 1, 1965
or any interest payment date thereafter upon payment as follows:
1. If redeemed prior to January l, 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. Pursuant 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 statements)
This statement is an integral part of report dated May 21, 1969
52-
Exhibit 21
City of Brooklyn Center
Municipal Liquo r Fund
STATEMENT OF LONG-TERM DEBT
December 31, 1968
Revenue Certificates Interest Coupons
Dates of Outstanding Retired Outstanding
Maturity 1-1-68 1968 12-31-68
1-1-68 1, 551.25 1, 551.25
7-1-68 1, 275. 00 1, 275. 00
1-1-69 1,275.00 1,275.00
7-1-69 956.25 956.25
1-1-70 956.25 956.25
7-1-70 637.50 637.50
1-1-71 637. 50 637. 50
7-1-71 318.75 318.75
1-1-72 318.75 318.75
7, 926. 25 2, 826. 25 5, 100. 00
-53-
i
ASSETS AND OTHER DEBITS
Plant, Equipment and Construction Funds (Note 6)
Mains Lines 8, 841, 277
Structures 403,206
Equipment 279, 889
Meters 169, 067
Land 18,820
Construction work in progress -(financed through bond issue);
Water mains $598, 331
Freeway crossings 26, 809
Water tank site 4, 943 630, 083
Total Construction in Pro�ress (Note 5)
Construction funds (unexpended bond proceeds):
Investments $489, 781
Cash in checking account 568
Total Construction Funds (Note 5) 490, 349
Total Plant, Equipment and Construction Funds $10, 832 691
Invested and Special Funds
Investments $628, 699
Deferred assessments receivable 93 244
Debt retirement funds (Note 5):
Cash with paying agent 43, 454
Cash in account 1, 516
Investments 135, 000
Accrued interest receivable 3, 013 182, 983
Total Invested and Special Funds 904 926
Current and Accrued Assets
Cash in account 3, 823
Accounts receivable 49, 922
Accrued water revenue (pumped but not billed) 34, 591
Mate rials and supplie s 10 432
Prepayments 1 779
Due from other funds 8, 918
Assessments receivable 6, 748
Construction work in progress 2, 536
Total Current and Accrued Assets 118, ?49
Total Assets and Other Debits $11, 856, 366
(5ee notes to financial statements)
This statement is an integral part of report dated May 21 1969
54-
C ity of B rooklyn C ente r Exhibit 22
Public Utilitie s Fund
BALANCE SHEET
December 31 1968
TOTAL LIABILITIES AND OTHER CREDITS
Lon�-Term Debt
Revenue bonds payable„(see Exhibit 27) (Note 5) 900, 000
Contracts payable (see Exhibit 27) 707, 511
Surplus and Reserves Invested in Fixed Assets
From special assessment projects and contractors $8, 197, 791
Debt redeemed 149, 271
Surplus accumulated for construction 120, 432
Plant and equipment charged to income 127, 428
Depreciation provisions represented as investment
in plant (Note 6) 630, 2 58
Total Surplus and Reserves Invested
In Fixed Assets 9, 225, 180
Total Invested in Plant, Equipment and Construction Funds $10, 832 691
Reserves
Depreciation provisions represented as not
invested in plant (Note 6) 311 842
Debt service reserves (Note 5) 139, 532
Customer meter deposits held 168, 855
Reserve funds held by paying agent for: (Note 5)
Revenue bond principal $2 5, 000
Revenue bond interest coupons 18, 454 43, 454
Total Reserve Balances 663, 683
Current and Accrued Liabilities
Vouchers payable 25, 261
Contracts and notes payable 3, 376
Accrued salaries payable 428
Accrued payroll taxes (PERA) 442
Due to other funds 2, 164
Meter deposits due (transfers) 148
Total Current and Accrued Liabilities 31, 819
Balance of Retained Earnings (see Exhibit 23) 328, 173
Tota.l Liabilities and Other Credits
$11,856,366
55-
Exhibit 2 3
City of Brooklyn Center
Public Utilities Fund
STATEMENT OF OPERATIONS AND EARNED SURPLUS
Year 1968
Water Sewer
Department Department Total
Operating Income
Residential sales $161, 608 $101, 384 $262 992
Commercial sales 62, 284 33, 700 95, 984
Other governmental unit sales 45, 022 45, 022
Service hookup charges 25,287 25,287
Penalties 623 4, 549 5, 172
Other (permits, service charges, etc. 945 2, 880 3, 825
Gross Revenue $250, 747 $187, 535 $438, 282
Le s s Ope ratin� Revenue Deductions
Operating expense (Exhibits 24 25) 89, 115 91, 463 $180, 578
Depreciation (Exhibit 26) 60, 729 65 695 126, 424
Total Operating Revenue Deductions $149, 844 $157, 158 $307, 002
Net Operatin� Income $100, 903 30, 377 $131, 280
Add: Extraneous Income
Interest income on monies invested 41, 824
Deduct: Income Deductions
Interest on long-term debt 60, 941
Redemption of debt 36, 702
Total Income Deductions 97, 643)
Net Income Available for Transfer to Retained Earnin�s 75,461
Retained earnings January 1, 1968 252 799
Amounts transferred from surplus to debt service reserves $7)
s December 31 1 68 To Exhibit 22 2
Balance of Retained Earnin� 9 $3 8, 173
See note s to financial statements
This statement is an integral part of report dated May 21 1969
56-
Source of
Sup�ly
Labor 5,555
Electricity 11, 224
Purification supplies 5, 363
Mate rials 9 493
Rent administration
Equipment operation 31
Payroll taxe s
Insurance
Supplies 1, 550
Postage
Fuel heating 630
Consulting fees
Refunds customer
Printing
Fuel Equipment
Schools conferences
Equipment rental 50
Small tools 40
Repairs 391
Othe r
Mileage
Sub s c riptions
Refunds of penalties
Totals 34, 327
(See notes to financial staternents)
This statement is an integral part of report dated May 21 1969
57-
Exhibit 24
City of Brooklyn Center
Public Utilitie s Fund
WATER DEPARTMENT OPERATING EXPENSES
Year 1968
Classification By Function
Custome r Department
Transmission Administration Accountin� Total
4, 537 17, 300 7, 43? 34, 829
11,224
5, 363
9,193 291 1g,977
5. 628 5, 628
746 i14 891
2,152 506 2,658
1,389 1,389
33 116 103 1,802
2, 479 2, 479
630
551 551
303 303
125 778 903
487 487
60 60
92 5 147
95 135
6 39�
17 17
150 I50
79 79
16 16
13,861 29,505
11,422 89,115
-58-
Disposal
Pumpin�
Shared cost joint facilities
Minneapolis 46, 339
C �ystal 3 704
Labor 3,554
Rent administration
Electricity 4, 590
Equipment operation
Payroll taxes
Materials 678
Insurance
Postage
Consulting fees 550
Fuel equipment
Printing
Supplies 37
Repairs buildings 960
Repairs stations mains 468
Fuel heating 110
Equipment rental 2
Alarxn system 190
Small tools
Refunds
Mileage
Schools conferences
Subs c riptions
Totals 61, 182
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-59-
Exhibit 25
City of Brooklyn Center
Public Utilities Fund
SEWER DEPARTMENT OPERATING EXPENSES
Year 1968
Classification by Function
Custome r Department
Transmission Administration Accounting Total
46,339
3, 704
4,409 9,981 3,634 21,578
5, 628 5, 628
4, 590
766 114 880
1,647 1,647
138 816
1,346 1,346
103 696 799
550
488 488
135 215 350
45 65 103 250
960
99 567
110
174 176
15 205
I44 24 168
123 123
150 150
35 35
4 4
5,009 20,510 4,762 91,463
-60'
Assets
Balance Balance
1-1-68 Additions 12-31-68
Water Department
Mains and lines $2, 785, 428 429, 734 $3, 215, 162
Structures 400, 509 2, 697 403,206
Consumer meters in use 141,473 27, 594 169, 067
Equipment 268, 077 1, 782 269, �59
Total Water Department $3, 595, 487 461, 807 $4, 057, 294
Sewer Department
Mains and lines $5, 473, 150 152, 965 $5, 626, 115
Equipment 10, 030 10, 030
Total Sewer Department $5, 483, 180 152, 965 $5, 636, 145
Total Water and Sewer Departments $9, 078 667 614, 772 $9 693 439
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
i
-61-
i
Exhibit 2 6
City of Brooklyn Center
Public Utilitie s Fund
SUMMARY STATEMENT OF PLANT AND PROPERTY
AND PROVISION FOR DEPRECIATION
December 31 1968
Provision for Depreciation
Balance Balance Depreciable
1-1-68 Additions Ded'ns 12-31-68 Life (Years)
178,496 27,854 206,350 100
9�,917 13,350 104,267 30
38,990 7,353 46,343 20
65, 615 12, 172 77, 787 5, 10, 20 25
374,018 60,729 434,747
434,192 65,113 499,305 100, 45, 50
7,466 582 8,048
441,658 65,695 507,353
815. 676 126, 424 942, 100
i
-62-
Revenue Bonds Payable
Principal Interest Year
Certificate Interest Outstanding Coupons Out- of
Numbers Rate 12-31-68 standin� 12-31-68 Maturity
16-20 3.75% 25,000,00 35,306.25 1969
21-25 3.75 25,000,00 34,368.75 1970
26-31 3, 75 30, 000. 00 33, 337. 50 1971
32-37 3, 75 30, 000. 00 32, 212. 50 1972
38-43 3. 75 30, 000, 00 31, 087. 50 1973
44-49 3.75 30,000.00 29,962.50 1974
50- 55 3, 75 30, 000, 00 28, 837. 50 1975
56 3, 90 30, 000. 00 27, 690. 00 1976
62 3. 90 35, 000, 00 26, 422. 50 1977
69-75 3. 90 35, 000. 00 25, 057. 50 1978
76-82 3. 90 35, 000. 00 23, 692. 50 1979
83-89 3. 90 35, 000. 00 22, 327. 50 1980
90-96 3. 90 35, 000. 00 20, 962. 50 1981
97-104 3.90 40,000.00 19,500,00 1982
105-112 3.90 40,000.00 17,940.00 1983
113-120 3.90 40,000,00 16,380,00 1984
121-128 3, 90 40, 000. 00 14, 820. 00 1985
129-137 3. 90 45, 000� 00 13, 162. 50 1986
138-146 3, 90 45, 000. 00 11, 407. 50 1987
147-155 3. 90 45, 000. 00 9, 652. 50 1988
156-164 3. 90 45, 000, 00 7, 897. 50 1989
165-173 3. 90 45, 000, 00 6, 142. 50 1990
174-182 3. 90 45, 000, 00 4. 387. 50 1991
183-191 3. 90 45, 000. 00 2, 632. 50 1992
192-200 3.90 45,000.00 877.50 1993
1994
1995
$925, 000. 00 $496, 065. 00
(See Exhibit 22)
-63-
E��b�t a7
C ity of B rooklyn C ente r
Public Utilitie s Fund
STATEMENT OF LONG-TERM DEBT
(BONDS PAYABLE CONTRACTS PAYABLE)
December 31 1968
Contract Payable Sanitary Sewer Facilities (Installments Payable Quarterly)
Principal Interest
Installment Interest Outstanding Included in
Numbe r Rate 12 31- 68 Installment
13 3 1/2% on balance 3 969 28 6, 190. 72
14-17 3 1/2% on balance 16, 227, 49 24, 412. 51
18-21 3 1/2°jo on balance 16, 802. 95 23, 837. 05
22-25 3 1/2% on balance 17, 398. 82 23, 241. 18
26-29 3 1/2% on balance 18, 015. 82 22, 624. 18
30-33 3 1/2�jo on balance 18, 654. 69 21, 985. 31
34-37 3 1/2°�0 on balance 19, 316.24 21, 323. 76
38-41 3 1/2°fo on balance 20, 001.23 20, 638. 77
42-45 3 1 J2°jo on balance 20, 710. 50 19 929 50
46-49 3 1/2% on balance 21, 444. 95 19, 195. 05
50- 53 3 1/2% on balance 22 205, 43 18, 434. 57
54-57 3 1/2% on balance 22 992 87 17, 647. 13
58-61 3 1/2% on balance 23, 808.25 16, 831. 75
62-65 3 1/2°jo on balance 24, 652. 55 15, 987. 45
66-69 3 1/2% on balance 25, 526. 77 15, 113.23
7D-73 3 1/2°jo on balance 26, 432. 00 14, 208. 00
74-77 3 1/2% on balance 27, 369. 34 13, 270. 66
78-81 3 1/2% on balance 28, 339. 91 12, 300. 09
82-85 3 1/2% on balance 29, 344. 90 11, 295. 10
86-89 3 1 /2�Jo on balance 30, 385. 53 10, 254. 47
90-93 3 1/2% on balance 31, 463. 07 9, 176. 93
94-97 3 1/2% on balance 32, 578. 81 8, 061. 19
98-101 3 1/2°�0 on balance 33, 734. 13 6, 905. 87
102-105 3 1/2�Jo on balance 34, 930. 41 5, 709. 59
106-109 3 1/2% on balance 36, 169. 11 4, 470. 89
110-113 3 1/2% on balance 37, 451. 74 3, 188.26
114-117 3 1/2�/0 on balance 38, 779. 86 1, 860. 14
118-120 3 1/2�/0 on balance 28, 803, 92 495. 26
$707, 510. 57 $388, 588. 61
(See Exhibit 22)
64-
I
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, 19g2 or thereafter
are subject to redemption call) on 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 °�o
2. If redeemed January 1, 1977, or thereafter prior to
January 1, 1q81 premium of 1- 1/2%.
3. If redeemed January 1, 1981 or thereafter, 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
the Public Utilities Fund will be accounted for. Note 5 of
"Notes to Financial StatPments" refers to various accounting
requirements in more detail and should be referred to.
I
See note s to financial statement s)
This statement is an integral part of report dated May 21 1969
-65-
E�ibit 27
C ont' d
City of Brooklyn Center
Public Utilities Fund
STATEMENT OF LONG-TERM DEBT
(BONDS PAYABLE CONTRACTS PAYABLE)
December 31, 1968
General provisions of contract:
A. On November 10 1966 the City entered into an agreement
with the City of Minneapolis relating to the use and �oint
ownership of sewer facilities. Under the terms of this
contract the City of Brooklyn Center has acquired an equity
in existing facilities at a total cost of $884, 210.
B. The contract is payable in quarterly installments of $10, 160
which includes interest at 3 1/2% per annum.
-66-
i
I
ASSETS
Cash on hand and in depositories
Temporary investments
Accrued revenue
PERA contributions due from enterprise funds
Taxes receivable:
Levied in 1967 collectible in 1968
Prior years' tax levies
Total Assets
LIABILITIE5 AND FUND BALAN�S
Accounts payable
Fund bala.nces (See Exhibit 29)
Total Liabilities and Fund Balances
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-67-
Exhibit 28
City of Brooklyn Center
Trust and Agency Funds
COMBINED BALANCE SHEET
December 31 1968
Agent For In Trust
Fire Public
Department Employees' Police
C ombined Relief Retirement Pension
Total Association Association Fund
17, 594 66 17, 528
76, 521 22, 521 54, 000
758 758
1,434 1,434
2,184 527 1,104 553
1, 814 2 74 1, 540
$100, 305 801 26, 665 72, 839
9,214 9,214
91,091 801 17,451 72,839
$100, 305 801 26, 665 72, 839
-68-
i
Fund Balance January 1, 1968
Add: Revenue
Real estate and personal property taxes
Insurance premium rebate
PERA contributions from enterprise funds:
Liquor stores
Public Utility Fund
Employee contributions
Earnings on temporary investments
Balance and Additions
Deduct: Expenditures
Payments to principal of agency
W rite off tax levy balance s
Fund Balan.ce December 31, 1968
i
(See notes to financial statements)
This statement is an integxal part o.f report dated May 21 1969
-69-
Exhibit 29
City of Brooklyn Center
Trust and A�ency Funds
COMBINED STATEMENT
OF REVENUE, EXPENDITURES AND FUND BALANCES
Year 1968
�'ire Public
Department Employees' Police
Combined Relief Retirement Pension
Total Association Association Fund
33, 2 50 310 13, 557 19, 383
157,329 36,714 77,948 42,667
6, 624 6, 624
11,244 11,244
3, 532 3, 532
9,300 9,300
2,810 1,321 1,489
$224,089 43,648 $107,602 72,839
123, 755) 42, 834) 80, 921)
29) 13) 16)
$100,305 801 26 ,665 72,839
-70-
Exhibit 30
City of Brooklyn Center
Investment Trust Fund
BALANCE SHEET
December 31 1968
ASSETS
Cash in depositories 134, 280
Accrued interest receivable 35, 870
Inve stments
Face Premium or Cost
Value (Discount) Basis
U. S. government securities $1, 150, 000 48) $1, 149, 952
Brooklyn Center securities 46, 40� 63 46, 463
Construction loan
certificates 1, 126, 500 1, 126, 500
Total Investments $2, 322, 900 15 2, 322, 915
Tota1 Assets $2, 493, 065
LIABILITIES
Due contractors (Performance deposits) 4, 034
Unclaimed cash (Law enforcement activities) 17
Due participating funds:
Special Assessment Funds $l, 426, 392
General Fund 315, 394
Poor Fund 7, 312
Certificate of Indebtedness Fund 975
Public Employees Retirement Association Fund 22, 521
Park Board Redemption Fund 18 9g6
Liquor Fund 43 940
Public Utilities Fund 628, 697
State Aid Construction Fund 17, 091
B ond Fund 4, 015
Bond Redemption Library 2, 720
Park Concession 961
Total Due to Participatin� Funds (See Exhibit 32) 2, 489, 014
Total Liabilities $2, 493, 065
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
Exhibit 31
Cit of Brookl n Center
Y Y
Investment Trust Fund
STATEMENT OF EARNINGS
Year 1968
Interest Income
United States government securities 73 959
Construction loans 38, 523
Certificates of deposit 1, 255
Brooklyn Center securities 2, 654
Total Interest Income $116, 391
Expenses
Audit 511
Net Income Distributed to Participatin� Funds $115, 880
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 is distributed annually to each of the participating funds on the basis of
the average yearly investment maintained by each fund. The net income and the
effective rate of return on average investment by participating funds is shown
below by years.
Rate of Net
Year Return Income
1968 5. 20% $115, 880
1967 4. 48 85, 267
1966 4.66 80,884
1965 3.80 61,913
1964 3.64 48,367
1963 3.18 45,056
1962 3.17 b1,129
1961 3. 05 55, 939
1960 3.62 57,908
1959 3.27 33,494
1958 2.62 14 835
1957 3.12 9,938
1956 2.77 1,832
Total Distributed Earnings Since Inception of the Fund $672, 442
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-72-
Exhibit 32
City of Brooklyn Center
Investment Trust Fund
CHANGES IN PARTICIPATING FUND BALANGES
Year 1968
Balance Net Fund Income of Balance
January 1, Additions 1968 December 31
1968 (Withdrawals) Distributed 1968
Special Assessment Funds
Bond Fund No. 1 49, 656 6, 451) 2, 735 45, 940
1955 A 131,399 3,400 7,170 141
1956 AC 143,320 6,301 7,863 157,484
195b B 96 6, 100 92 6, 288
1957 AB 51, 077 22, 601 2, 898 76, 576
1958 A 118,306 200 6,488 124,994
1958 B 183, 854 11, 301) 9, 658 182, 211
1959 AB 162 766 13, 550) 8, 677 157, 893
1960 AB 119,392 68,700 8,695 196,787
1961 AB 174, 143 11, 649 9, 864 195, 656
1963 A 90, 427 17, 40� 5; 499 113, 326
1g65 A g ,782 14,750 1,059 25,591
1966 A 16,222 (16,222) 1,239 1,239
1968 438 438
Total Special Assessment Funds $l, 250, 440 $103, 577 72. 375 $1, 426, 392
General Fund 190, 705 115, 795 8, 894 315, 394
Poor Fund 7, 291 300) 321 7, 312
Certificate of Indebtedness Fund 3,232 2, 632) 375 975
Public Ernployees' Retirement
Association Fund 5 694 1 5, 506 1, 321 22 521
Park Bond Redemption Fund 16, 117 1, SO1 1, 078 18 996
Liquor Fund 25, 166 17, 500 1. 274 43, 940
Public Utiilities Fund 548, 760 50, 800 29, 137 628, 697
State Ai3 Construction Fund 16, 249 842 17, 091
Bond Fund 4, 983 1, 000) 32 4, 015
Park Concession Fund 950 11 961
Bond Redemption Library 1, 649 8 51 22 0 2. 72 0
Total All Funds $2, 070, 286 $302, 848 $115, 880 $2, 489, 014
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969.
-73-
Inve stments
Land and land improvements
Building Osseo Road and 63rd Avenue
Building 65th and Lyndale
Building Municipal Hall
Building Library
Buildings Other
Park properties (includes buildings)
Northport
Grandview
Willow Lane
Bellvue
Garden City
Happy Hollow
Kylawn
Evergreen
Orchard
South C reek
Wangstad
Palmer Lake Terrace
B rooklane
Lions Club Park
Undistributed costs
Equipment
Street and highway
Fire protection
Recreation
Civil defense
Police
Courts
General equipment
Furniture and fixtures
Storm sewer and street projects
Totals
Source of Investment
General indebtedness
Ad valorem levies
Liquor store revenues and certificates
Contributions received
Special assessment projects (storm sewers and streets)
Owners contractors and City share
Hennepin C ounty
Totals
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-74-
i
City of Brooklyn Center E�ibit 33
SUMMARY STATEMENT OF GENERAL FIXED ASSETS
December 31, 1968
January 1, Year 1968 Balance
1968 Acquisitions Disposals Dec. 31 1968
I 55, 279 $207, 605 262, 884
101,614 101,b14
85, 034 85, 034
57, 052 57, 052
247,994 41 248,035
38,293 38,293
124, 947 124, 94'
91, 937 91, 937
77, 224 77, 224
77, 542 77, 542
39,299 39,299
34, 167 34, 167
68, 324 68, 324
62 419 62 419
21,224 21,224
5, 655 5, 655
361 361
86, 252 86, 252
2, 663 2, 663
13 742 13 742
128,343 34,180 162,523
248, 138 40, 535 7, 154 281, 519
121,731 9,180 130,911
31, 589 18, 230 2, 216 47, 603
21, 467 3, 049 24, 516
27, 629 8, ?Ol 12, 546 23, 784
12 7 12 7
104, 166 5, 615 5, 562 104, 219
50, 293 1, 060 51, 353
4, 563, 378 523, 079 5, 086, 457
$6, 587, 883 $851, 275 27, 478 $7, 411, 680
851,996 $202,105 $1,054,101
797, 001 126, 091 27, 478 895, 614
304, 571 304, 571
68, 406 68, 406
4,388,729 523,079 4,911,808
177, 180 177, 180
$6, 587, 883 $851, 275 27, 478 $7, 411, 680
-75-
Exhibit 34
City of Brooklyn Center
SUMMARY STATEMENT
OF GENERAL LONG-TERM DEBT AND INTEREST
December 31, 1968
Amount Available And to be Provided
Amount available in debt service funds (See Exhibit 12):
Park bond redemption fund 20 994
Library bonds 3� 397
Certificate of indebtedness redemption fund 2, 414
State loan fund 2, ?53
On deposit with paying agents 38, 368
Total Amount Available 67 926
Amount to be provided in future periods:
For interest $118, 143
For principal 569, 382
Total Amount to be Provided 687, 525
Total Amount Available And to be Provided $755, 451
General Debt And Interest to be Paid in Future Periods (Exhibit 35)
General debt rinci al or
(p p p tion):
Park acquisition bonds $255, 000
Library bonds 170,000
C e rtificate s of indebtedne s s 66 000
State loan certificates 1, 400
Assessments on City properties (Note 7) 136, 540
Total General Debt (Principal Portion) $628, 940
Interest payable in future periods:
Bonds and certificate� 126, 511
Total General Debt And Interest to be Paid in future Periods 755,451
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969
-76-
General Debt Princi al Portion
P
Payment Certificates State Assessments
Due Total Park Library of Loan Payable
Durin� Principal Bonds Bonds Indebtedness Certificates General
1969 63,700 20,000 10,000 19,600 1,400 12,700
1970 62,000 20,000 10,000 19,600 12,400
1971 61,200 20,000 10,000 18,800 12,400
1972 50,400 20,000 10,000 8,000 12,400
1973 42,400 20,000 10,000 12,400
1974 42,400 20,000 10,000 12,400
1975 42,400 20,000 10,000 12,400
1976 42,400 20,000 10,000 12,400
1 77 42 400 20 000 10,000 12
9 400
1978 42,400 20,000 10,000 12.400
1979 42,240 20,000 10,000 12,240
1980 30,000 20,000 10,000
1981 25,000 15,000 10,000
1982 10,000 10,000
1983 10,000 10,000
1984 10,000 10,000
1985 10,000 10,000
Totals $628, 940 $255, 000 $170, 000 66, 000 1, 400 $136, 540
(See notes to financial statements)
This statement is an integral part of report dated May 21 1969.
-77-
City of Brooklyn Center Exhibit 35
SCHEDULE OF
GENERAL LONG-TERM DEBT AND INTEREST BY MATURITIES
December 31 1968
Interest Pavable
Certificates State
Total Park Library of Loan
Interest Bonds Bonds Indebtedness Certificates
18,556 9,974 6,195 2,352 35
16, 578 9, 194 5, 825 1, 559
14,636 8,396 5,455 785
12, 844 7, 599 5, 085 160
11 511 6, 796 4, 715
10,334 5 ,989 4,345
y,150 5,175 3,975
7,960 4,355 3,605
6,765 3,535 3,230
5,565 2,715 2,850
4,365 1,895 2,470
3, 165 l, 075 2, 090
2,042 332 1,710
1.330 1,330
950 950
570 570
190 190
$126,511 67,030 54,590 4,856 35
-78-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1968
Note 1: The "Combined Balance Sheet All Funds and Groups
(Condensed Form) Exhibit 1" is presented as an information
statement only. The reader is cautioned that the figures as
shown 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
These funds are used to account for the construction and
financing of public improvements such as streets, curbs, storm
sewers, sanitary sewers and the water system. The accounting
is arranged so that the related activities of project construction,
financing of construction and the assessment of costs to property
owners are recorded within the same fund entity and budgetary
accounts are employed to provide a means of control over ex-
penditures incurred for construction.
During 1967 appropriations and related appropriation
expenditures for certain projects which were not complete were
transferred from the 1966 Fund to the 19h8 Fund. The financing
for these projects (issuance of bonds) is arranged through the
1968 Fund and the transfer was necessary so that all the activities
of construction, financing and assessment are related together
within the same accounting entity,
Costs are assessed to property owners by the special
assessments division, under the supervision of the engineering and
public works department, af ter total project expenditures are
verified with the finanee department.
The nominal differences on street and sewer projects between
assessed and actual costs which are caused when costs are spread
over many properties are guaranteed by the City. ($247. 10 for the
Year 1968 See Exhibit 16).
-79-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1968
Note 2. Special Assessment Funds
(Cont'd) Water service is assessed to all properties at a uniform
rate. This rate is based on engineering cost studies and determined
by dividing the estimated total cost of a complete system (including
trunk mains, lateral mains, wells and elevated storage tanks) by
the estimated ultimate residential lots or equivalents to be served
by the utility.
Since the inception of the water system costs incurred for
mains wells and tanks have been partially financed by special
assessment funds to the extent of $3, 578, 582. The cost of projects
not immediately assessable (deferred until residential lots or
equivalents are connected to the system) and project costs involving
general assets (tanks and wells) not resulting in hook-ups to the
system have been guaranteed by the City within the special assess-
ment fund originally financing such a project. The excess of
assessments (determined by applying uniform rate of $490. 00 per
residential lot or equivalent) over the cost of the lateral main which
occasioned the assessment and hook-up to service has been transferred
to reduce the amount of cost originally guaranteed by the City, The
Decembe r 31 1968 balance of this City guarantee is $209, 198 (See
Exhibit 14). A review of possible future hook-ups indicates that
sufficient potential exists to cover the City guarantee of $209, 198 and
at present there is no intention or apparent need to provide for
taxation or the assignment of utility revenue to meet this obligation.
Note 3: IV�unicipal 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, 1968,
cash in the amount of $16,297 (representing $16,275 for interest and
principal falling due on January 1 1969 and $22 for matured interest
coupons of prior periods) is on hand with the paying agent.
-SO-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1968
Note 3: Municipal Liquor Fund
(Cont'd) Paragraph 5d requires a restriction on the availability of
surplus for transfer which is equal to the next ensuing year's
principal and interest requirements. As of December 31 1968
restricted surplus totalled $16, 912. ($15, 000 principal due
January 1, 1970 and interest for the year 1969 in the amount of
$1, 912).
Note 4: 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 lease whic�i expires January 31,
1972 The rental for the store and warehouse facilities is fixed
at $875 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 adjustable yearly.
Note 5: 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 author-
izing 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 of construction monies 120, 432
Construction expenditures paid 630, 083)
Accour�t Balance (See Exhibit 22) 490, .349
i
-81-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1968
Note 5: Public Utilitie s Fund
(Cont'd) Revenue Bond Account
Cash on hand with paying agent to
meet matured coupons and principal and
coupon s maturing 1-1- 69 43 454
Accumulated amounts set aside to
meet 1969 requirements for
interest and principal
G a sh in bank 1, 516
Investments and accrued interest 63, 013 64, 529
Account Balance 107, 983
Reserve Account
Face value of government securities 75, 000
A summar which reconciles restricted assets with
Y
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 1L-31-68 (see above) $490, 349 $107, 983 75, 000
Less:
1. Liabilities payable from
restricted funds (43,454)
2. Monies derived from
borrowing (bond issues) 369 917)
Restricted Assets at 12-31-68 $120, 432 64, 529 75, 000
Required per Resolution $120, 432 64, 532 75, 000
r
-82-
City of Brooklyn Center
NOTES TO FINANCIAL 5TATEMENTS
Year 1968
Note 6: Public Utilities Fund
The accounting system employed by the Public Utilities Fund
is adapted from a system specifically designed for municipally-
owned utilities by the American Water Works Association. The
investment in plant and equipment is of primary importance to
utility operations and because this is so, the accounting method in
use emphasizes a source and application of monies concept in
accounting for plant and equipment costs. Accordingly, fixed assets
are shown at total cost on the left hand side of the balance sheet
and depreciation provisions are shown on the right. Annual
depreciation charges to income (which are non-cash expenses) have
the effect of conserving monies or other current type assets within
the entity because they reduce the balance of retained earnings
available for purposes of rate reduction or transfer. A portion of the
monies so conserved {or reserves accumulated) has been reinvested
in plant facilities and accordingly these "depreciation provisions" are
segregated as to the portion of reserves which have been reinvested
in plant, ($630, 258) and those amounts held in reserve ($311 842), This
presentation of assets at gross cost and the reflection of accumulated
depreciation as a reserve on the right hand side of the balance sheet
is peculiar to utility accounting and at odds with normal commercial
concepts which usually reflect accumulated depreciation as a reduction
against the asset cost so as to show the net remaining cost of plant
and equipment not yet amortized to expense,
Because the investment in plant and equipment is of such
paramount importance, the balance sheet presentation used, with
an inforxnative emphasis on source and application of monies for
plant investment, is considered the most appropriate. However, if
the presentation employed usual commercial concPpts, the Total
Plant, Equipment and C onstruction Funds ($10 832 691) would be
reflected net of depreciation provisions at a total of $9, g90, 591,
Note 7: Summary Statement of General Long-Term Debt and Interest
Special assessments which relate to iinprovements benefiting
City-owned properties total $136, 540 as of December 31 1968
The payment for these improvements (with no interest charge) has
been scheduled over a period extending through 1979. These assess-
ments are obligations of the general fund and payment is planned under
normal budget procedures, whereby the needed monies will be appro-
priated during the years as each installment becomes due.
-83-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1968
Note 8: Richard Schieffer, the City Attorney, has advised us that as
of Jtzne 4 1969 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.
Also. the Gity has filed suit which requests a review and reversal
of an order by the State Tax Commissioner cancelling the taxes on
certain properties sold by the University of Minnesota to a commercial
concern. If the Commissioner's order is sustained there will be a
resultant loss of revenue to the City of $13, 954 (For the Year 1967).
The matter is currently in litigation and pending a decision. It
appears presently that there is no basis for reducing surplus by the
amount as proposed by the Commissioner's order, and accordingly
the $13. 954 is reflected on the statements as taxes receivable.
r
i
-84-
II
STATI5TICAL
ZNFORMATION
5ECTION
1959
Population 20, 905 (E)
Real Property
Assessed Value:
Homestead 3, 812, 613
Excess and Non-Homestead 1, 729, 186
Total Assessed Value 5, 541 799
Estimated Value:
Full and True 19, 656, 401
Ivlarket 59, 564, 851
Personal Property
Assessed Value 855, 903
Estimated Value:
Full and T rue 3, 974, 278
Market:
Household (1)
Commercial and Other 11, 922, 834
Total Market 11, 922, 834
Total Real and Personal Property
Assessed Value 6, 397, 702
Estimated Full and True Value 23, 630 679
Estimated Market Value 71, 487, 685
Ratio of Total Assessed Value to Total
Full and T rue V alue 2 7074:1
Market Value .08949:1
Per Capita Valuations
Assessed Value 306.04
Full and True Value 1, 130.38
Market Value 3, 419. 65
-85-
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School District
Year #286 #279 #281 #11
Col�ectible City (Earle Brown) (Osseo) (Robbinsdale) (Anoka) County
�1) �2) �3) �4)
Tax Rates Mills Per $l. 00 of Assessed Value
1950 21, 50 86. 88 83. 78 76. 80 72. 38 28. 52
1951 30. 60 102. 50 77. 60 79. 00 68, 50 25, 33
1952 46, 85 127, 00 103. 70 87. 80 81, 80 31. Ol
1953 34.20 88.80 61.00 70.00 50.00 2g.89
1954 40. 30 163. 80 76. 70 75. 40 87, 56 29, 66
1955 43.40 172. 40 111. 70 81. 80 81. 84 29, 57
195$ 42, 70 175. 50 120. 80 95.40 85. 80 33, 70
1957 44. 00 106. 60 119. 90 108, 64 96. 55 31. 87
1958 46.47 126. 91 119. 51 108. 64 90. 15 38, 13
1959 52, 05 130. 94 146, 66 115, 18 104, 95 39. 32
1960 51. 00 167. 56 157. 64 120. 10 114, 70 40. 14
1961 48.26 189.64 163.00 139.20 123.53 41.46
1962 48.54 211.59 179.99 158.69 134.00 45.40
1963 50.12 219.00 184.62 154.72 131.09 47.23
1964 50. 68 225. 60 189, 62 150. 08 134. 85 52. 51
1965 49. 80 215. 26 195. 50 154. 72 144, 77 59. 69
1966 51.62 227.22 199.9g 155.00 153.23 55.66
1967 51. 62 227, 90 203, 00 158< 76 160, 00 53. 30
1968 51. 34 236.29 211, 80 163, 56 188. 32 64. 77
Tax Levies on Property Within Brooklyn Center
Year
Collectible #286 #279 #281 #11
1950 32,374 6,212 11,763 3,348
1951 42,121 6,491 13,696 3,291
1952 63 785 9, 603 17, 463 4, 613
1953 81, 574 10, 410 25, 352 5, 557
1954 17b,165 14,335 31,718 11,203
1955 226, 198 27, 256 39, 251 1L, 538
1956 290,011 36,956 68,649 15,171
1957 239, 666 76, 912 170, 396 24, 547
1958 303,466 134,960 202,2q2 24,298
1959 327 639 237, 021 228, 907 30, 387
1960 427, 311 465, 174 248, 382 42,211
1961 497,907 665,299 320,697 43 ,880
1962 551, 349 771, 611 367, 691 59, 153
1963 587, 665 830, 918 524, 099 76, 198
1964 622,578 883,842 526,189 100,102
1965 668, 961 976, 585 614, 756 140, 923
1966 728 ,353 1,003,287 623,412 171,926
1967 836,669 1,142,570 790,174 210,428
1 888, 684 1, 200, 483 901, 846 295, 160
(1)=Formerly #118 (2)-Formerly #28 (3)=Formerly #24 (4)=Formerly #29, #220
#43
-87-
City of Brooklyn Center Schedule II
TAX RATES AND TAX LEVIES
Years 1950 Throu�h 1968
Total City, School, County and State N, H. S,
5tate Dist. #286 Dist. #279 Dist. #281 Dist. #11
N, H. S. H. S. (Earle Brown) (Osseo} (Robbinsdale) (Anoka)
8. 69 4. 11 145. 59 142� 49 135. 51 131. 09
8. 52 4, 12 166. 95 142_ 05 143. 45 132.95
7. 72 4. 93 212, 58 189.28 173. 38 167. 38
6. 84 4. 58 159. 73 131, 93 140. 93 120. 93
9.54 5.?_S 243_30 156.20 154.90 167.06
9. 15 3, 93 254. 52 193. 82 163. 92 163. 96
9. 15 3. 98 261. 05 20b, 35 180. 95 171. 35
9. 15 3. 81 191. 62 204, 92 193. 66 181. 57
12. 62 6. O1 224, 13 216. 73 205. 86 187. 37
12.42 5.90 234.73 250.45 218.97 208.74
14.32 8.10 273.02 263.10 225.56 220.16
13. 85 6, 84 293. 21 266 57 242. 77 227. 10
15, 51 6. 39 321, 04 289.44 268. 14 243.45
16.85 8.31 333.20 298.82 268.92 245.29
17.14 8.22 345.93 309.95 270.41 255.18
16. 14 6, 84 340, 89 321. 13 280. 35 270. 40
18. 42 18. 32 352. 92 325� 68 280. 70 278, 93
17.24 17.14 349.89 324.99 280.75 281.99
352.40 327.91 279.67 304.43
Total Total City, Schools, County
Schools County City State and State
53, 697 25, 421 13, 893 3, 993 97, 004
65,599 26,059 21,909 4,281 117,848
95,464 38, 802 39, 829 5, 073 179, 168
122,893 66,412 53,678 8,433 251,416
233,421 82,946 74,169 12,765 403,301
305,243 104,114 95,808 12,651 517,816
410,787 136,728 122,573 16,578 686
511,521 214,3q5 207,532 27,859 961,307
665,016 309,786 262,840 48,723 1,286,365
823,954 252,434 333,000 54,601 1,463
I,183,078 479,907 404,905 84,515 2,152,405
1, 527, 783 451, 594 452, 289 91, 090 2, 522, 756
1,749,804 440,294 470,746 98,108 2,758,952
2,018,880 528,874 561,236 139,015 3,248,005
2,132,711 615,335 593,890 147,785 3,489,721
2,401,225 779,230 650,137 153,954 3,984,546
2, 526, 978 744, 231 690, 212 245, 668 4, 207, 089
2,979,841 828,401 804,858 268,168 4,881,268
3,286,173 1,069,364 847,632 5,203
-88-
Schedule III
City of Brooklyn Center
NOTES TO TAX RATE5 AND TAX LEVIES
Years 1950 Throu�h 1968
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,
second half July 1
Real Estate first half May 31, second half October 31
No discount allowed
Penalties for Delinquency:
Personal Property 8%
Real Estate June 3%, July 4�jo, August 5%, 5eptember 6%, October 7mo,
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 City levy to all levies
I
-89-
Collections Percentage Collections
of Current of Levy of Prior
Total Year's Taxes Collected Year's Taxes
Year Tax During Fiscal During Fiscal During Fiscal
Collected Levy Period Period Period
1961 $443,753 $439,672 99.08 3,879
1962 463,483 457,010 98.60 3,848
1963 555,178 545,757 98.30 4,712
1964 587,636 573,684 9?.62 8,082
1965 643, 014 624, 056 97. 05 8, 186
1966 683,060 674,192 98.70 13,069
1967 799,792 776,663 97,11 7,710
1 68 868,807 851,452 98.00 14,205
9
Note: The City's taxes are the only ones included in this table.
-90-
Schedule IV
City of Brooklyn Center
TAX LEVIES AND TAX COLLECTIONS
Years 1961 Through 1968
Ratio of
Accumulated
Ratio Delinquent
of Total Accumulated Taxes to
Total Collections Delinquent Current Year
Collections to Tax Levy Taxes Tax Levy
$443 551 9995:1 8, 033 01810:1
i'
460 8 58 9943: 1 10 042 0'L 167: 1
550,469 .9915:1 14,446 .02602:1
581. 766 9900:1 19, 926 03391:1
632,242 .9832:1 28,985 .04508:1
687. 261 l. 0062:1 23, 619 03458:1
784,373 .9807:1 38,737 .04843:1
865, 657 9964:1 45, O11 0518�:1
�i
-91-
I
Current Special
Assessments Amount Ratio of
Installments Becoming Collected Current
�'iscal Due During Currently During Collections to
Period the Fiscal Period the Fiscal Period Amount Due
1961 $383,274 $353,380 .9220:1
1962 418,706 383,202 .9152:1 i
1963 460,329 418,657 .9095:1
1964 449 2 53 383 848 8 544:1
1965 444,993 393,593 .8845:1
1966 429,759 394,942 .9190:1
1967 490 ,397 458,324 .9346:1
1968 505, 409 466, 466 9229: 1
92
Schedule V
City of Brooklyn Center
SPECIAL ASSESSMENT COLLECTIONS
Years 1961 Throu�h 1968
Total Current and
Delinquent Percentage Balance
Assessments Uncollected Collected Uncollected
At Year End Throu�h 12 /31 /68 As of 12 /31 /68
45 7 6 ,3164
9 9 9 °70 2, 62 3
51,692 98.9634 4,336
73,472 98.3859 7,425
119, 525 96. 5186 15, 648
t 136, 775 95. 6493 19, 361
135 ,667 96.2746 16,013
128,705 96.5946 16,702
142,441 92.2953 38,943
With State Department of Lands 21, 390
r
_93_
Penalties and
Interest Licenses Fines
Fiscal From and and
Period Property Taxes Permits Forfeitures
1961 3,266 59,904 20,426
1962 3,178 38,809 27,974
1963 4,647 32,308 24,813
1964 3,168 31,026 24,215
1965 6,489 48,757 22,724
1966 8,973 50,489 22,126
1967 12,297 55,005 20,416
1968 7,464 82,098 31,4g0
-94-
Schedule VI
City of Brooklyn Genter
REVENUES OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENTS
Years 1961 Through 1968
Revenue from Charges for Revenue in Excess
Use of Current of Expenditures
Shared Money and Services and other Public Liquor
Taxe s P rope rty R evenu e Utilitie s Store s
85.623 12,327 89,gg0 21,706 70,652
92,197 16,084 71,438 5,861 82,101
102,689 28,451 88,573 50,460 89,058
101, 578 20, 671 217, 644 83, 793 99 565
122,588 29,954 129,819 55,024 106,541
156,536 24,540 249.364 I09,256 I14,227
232,615 40,025 118,511 125,962 125,310
325,221 82,641 113,947 131,280 146,551
-95-
Schedule VII
City of Brooklyn Center
EXPENDITURES FOR SELECTED FUNCTIONS
Years 1961 Throu�h 1968
Pub li c Pa rks
Fiscal General Safety and and
Period Gove rnment Welfare Hi�hways Recreation
1961 $150,912 $153,189 $200,075 $103,082
1 62 152,644 188,179 231,871 111,144
9
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
1967 217,138 338,187 326,357 235,834
3 428 235 723
1968 244,010 391,394 59,
-96-
Gross
Fiscal Estimated Assessed Bonded
Period Population Value Debt
1961 25, 843 9, 371, 923 5, 354,200
19b2 26, 858 9, 698 114 5 217, 400
1963 28,203 11, 197, 840 5, 396, 100
1964 29, 024 11, 718, 430 5, 607, 800
1965 30, 108 13, 054, 621 5, 188, 500
19b6 31,500 13,371,017 5,263,200
1967 31,570 15,591,970 4,784,800
196g 33, 000 16, 510, 186 5, 068, 400
-9
Schedule VIII
City of Brooklyn Center
RATIO OF NET BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
Years 1961 Throu�h 1968
Less: Amount Ratio of Net Bonded Debt to Net Bonded
in Debt Net Bonded Assessed Debt Per
Service Funds Debt Values Capita
l 979 808 3, 374, 392 3600: 1 130. 57
2, 097, 219 3, 120, 181 3217:1 116. 17
920, 472 4, 475, 628 3996:1 158. 69
1, 031, 779 4, 576, 021 3904:1 157. 66
1, 591, 659 3, 596, 841 .2755:1 119.46
1,499 096 3 764 104 .2815:1 119.49
1, 773, 834 3, 010, 966 1931:1 95. 37
1 986 325 3, 082, 075 1866:1 93.40
"98-
Schedule IX
City of Brooklyn Center
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1968
Assessed value $20, 637, 038
Debt limit 20% of assessed value 4, 127, 408
Total bonded debt 5, 537, 800
Deductions:
I
1. Debt Service Funds
(General Obligation) 29, 558
I 2, SpeciaZ Assessment Bonds 4, 150, 000
3. Liquor Store revenue
certificates 45, 000
4. Utility revenue bonds 900, 000 5, 124, 558
E Total Debt Applicable to Debt Limit 413, 242
Le�al Debt Margin, January 1, 1969 3, 714, 166
-99-
Schedule X
City of Brooklyn Center
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1968
City of Brooklyn Center
Share
Net Debt
Governmental Unit Outstanding (1) Per Cent (2) Amount
City of Brooklyn Center 3, 082, 075 100. 00% 3, 082, 075
Hennepin Gounty 6, 677, 487 2. 5 166, 937
Hennepin County Park District 6, 591, 114 5. 0 329, 556
I. S. D. No. 281 24, 491, 760 11. 6 2, 841, 044
I. S. D. No. 11 25, 973, 253 5. 3 1, 376, 582
I. S. D. No. 279 15, 454, 357 36. 7 5, 671, 749
I. S. D. No. 286 3, 026, 484 100. 00 3, 026, 484
Total Direct and Overlapping Debt (Net of Sinkin� Funds) $16, 494, 427
S
(1) Gross outstanding general bonded debt less amounts in debt service funds
2 Ratio of assessed valuation of ro ert sub'ect to taxation in overla in
P P Y J pp g
unit to value of property subject to taxation in the City of Brooklyn
Center
-100-
Princi al In eres
Year p t t
1961 $45,300 $18,025
19b2 39,300 16,403
33
1963 ,000 14,800
1964 33,300 13,855
1965 33,300 14,977
1966 50,800 24,213
1967 59,400 22,280
19bg 51,000 19,604
-101-
Schedule XI
City of Brooklyn Center
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ei�ht Years
Total Total Ratio of Debt
Debt General Service to General
Service Expenditure s Expenditure s(°jo)
$63, 325 728, 149 8. 70%0
55, 703 710, 212 7. 84
47, 800 772, 978 6. 18
47, 155 882, 557 5.34
48, 277 942, 720 5. 12
75,013 1,335,428 5,62
I I, t 81. 680 1, 185, 075 6. 89
70, 604 1, 369, 842 5. 15
i�
I
I
{}2--.
Net
Gross 1) Revenue
Year Revenue Expenses Available
1961 $128, 428 52 873 75, 555
1962 161,592 71,841 89,751
1963 490, 524 242, 525 247, 999
19b4 638,094 239,356 398,738
1965 586,979 291,643 295,336
1966 753,829 269,371 484,458
1967 669 098 282, 528 386, 570
1968 743,316 292,818 450,498
1) Excludes depreciation and interest on bonds
-103-
Schedule XII
City of Brooklyn Center
5CHEDULE OF REVENUE BOND COVERAGE
Last Eight Years
Ratio of Net
Debt Service Revenue to
Principal Interest Total Debt Service
$12 000 8, 749 $2 0 749 3 6 to 1
5, 000 5, 448 10, 448 8. 6 to 1
13, 000 21, 572 34, 572 7.2 to 1
13, 000 43, 316 56, 316 7. 1 to 1
38 000 42, 796 80, 796 3, 7 to 1
38, 000 41, 305 79, 305 6. 1 to 1
38, 000 39, 816 77, 816 5. 0 to 1
38, 000 38, 350 76, 350 5. 9 to 1
r
-I04-
Schedule X�:II
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31 1968
Date of Incorporation February 14, 1911
Date of Adoption of City Charter November 8 1966
Effective December 8, 1966
Form of Governm�nt Council Manager
Fiscal Year Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 91. 55
C ounty and State 13 12
Federal 5. 08
Miles of Storm Sewers 32
Number of Street Lights 713
Building Permits:
Number of Permits Issued:
1968 544
1967 493
196b 430
19b5 465
1950 1964 inclusive 9, 452
Estimated Cost:
1968 $13,111.654
1967 7,922,813
1966 7,261,065
19b5 $12.046.272
1950 1964 inclusive $94, 362.208
Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 40
Police Protection:
Number of Stations 1
Number of Employees 32
Vehicle Patrol LJnits 7
-105-
r
Schedule XIII
C ont' d
City of B rooklyn C ente r
MISCELLANEOUS STATISTICAL FACTS
December 31 1968
Parks and Recreation:
170 acres developed for regular use. 298 additional acres of City-
owned land designated for parks and playgrounds to be developed.
Full-time employees 12
Part-time employees 100 (seasonal)
Supervised playgrounds 14
Park shelters 14
Ice skating rinks 14
Hockey rinks 4
Softball diamonds 18
Baseball diamonds 4
Wading pools 2
Tennis courts 4
Basketball courts 4
Annual 1968 registration for all organized activities was 14, 000.
Education:
Public Schools:
School Districts within Brooklyn Center (4)
No, 11 No. 286 No. 281 No. 279
(Anoka) (Earle Brown) (Robbinsdale) (Osseo)
Total school buildings 29 2 27 14
School btzildings within
Brooklyn C�enter 1(to be com- 2 2 3
pleted 9-6-69)
Total students
registered 26,000 2,500 27,787 12,163
Students from Brooklyn
Center registered l, 100 2, 500 2, 060 5, 200
Total square miles in
School District 172 2. 8 32 66. 5
Square miles within
Brooklyn Center 1. 5 2. 8 2.25 2. 5
1968 assessed
valuation 36, 526. 862 4, 643, 157 62, 114, 456 18, 401, 000
I
Parochial Schools (1}
-106-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31 1968
Municipal Water Plant:
Number of connections 4, 973
Average daily consumption 1, 810, 130 gallons
Peak daily consumpfion 6, 048, 000 gallons
Plant capacity daily 10, 080, 000 gallons
Miles of water mains 85, 5706
Number of fire hydrants 642
Number of wells 6
Number of elevated reservoirs 2
Storage capacity 1, 500, 000 gallons
Water rate per thousand gallons 35�
Municipal Sewer Plant:
Number of connections 7, 182
Miles of sanitary sewer 89. 71
Average daily disposal 2, 650, 727 gallons
Daily disposal capacity 7, 416, 000 gallons
Number of lift stations 8
Residential rate $3. 75 per quarter
Municipal Liquor Stores (Off Sale):
Number of owned stores 2
Number of leased stores 1'
1968 sales $1,104,681
City Employees:
As of December 31, 1968
Permanent or regular 102
Temporary or part-time 93
Total 195
Elections:
Registered voters last state election 15, 442
Number of votes cast last state election 12,,533
Percentage of registered voters voting 81. 16%
Population:
1940 1,870
1950 4,284
1960 24,356
1965 (special census) 30, 108
1968 -(estimated) 34, 000
Estimated residential saturation point 44, 000
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