HomeMy WebLinkAboutAnnual Audited Financial Report-1969 ANNUAL
AUDITED FINANCIAL REPORT
of the
CITY MANAGER
e °f
BROOKLYN CENTER MINNESOTA
For The Yeor Ended December 31, 1969
POSS CITY MANAGER
DONALD G.
Prepared by
THE DEPARTMENT Of fINANCE
Paul W. Holmlund, Director
I I (Member of Municipa) Finance Officers
Association of the United Srotes and Canada)
C ity of B rooklyn C ente r
ANNUAL FINANCIAL REPORT
For t he Year En de d Decem ber 3 1 1 9 6 9
�TABLE OF CONTENTS
Exhibit Page
Numbe r Numbe r
�ecial R�e,venue Funds Statement s
Combined Balance Sheet, December 31 1969 7 26
Combined Analysis of Changes in
Unappropriated Surplus Year 1969 8 27
Combined Statement of Revenue and Expenditures
Year 1969 q 28
Capital Projects Fund Statements
Combined Balance Sheet December 31 1969 10 29 30
Combined Statement of Appropriations
and Expenditures Year 1969 11 31 32
Debt 5ervice Funds Statements
Combined Balance Sheet December 31, 1969 12 33 34
Combined Statement of Revenue, Expenditures
and Surplus Year 1969 13 35, 36
Special Assessment Funds 5tatements
Combined Balance Sheet December 31 1969 14 37, 38
Combined Statement of Revenue, Expenditures
and Unappropriated Surplus for Debt Retirement
I Year 1969 15 39, 40
Statement of Construction Expenditures, Compared
to Appropriations and Assessment of Costs
Year 1969 16 41, 42,
43, 44
City of Brooklyn C�nter
ANNUAL FINA1vCIAL REP�RT
For the Year Ended December 31, 1969
TABLE OF CONTENTS
Exhibit Page
Numb e r Nunnb e r
Certificate of Conformance 1, 2
Listir�g of City Of�icials 3, 4
Organizati.on Chart 5
Location of City Pro�aerties 6
Letter of Transmittal 7
General Comrr�en�s 8, 9, 10, 11, 12
13
Financial Statements Section
Auditor�s Report 14, 15
Combined Balance Sheet Decernber 31, 1969 1 16, 17
General Fund Sta,tements
Balance Sheet Deeember 3i, 1969 18
Analysis of Changes in Unappropriated Surplus
Year 1969 3 19
Statement of Revenue Estimated and Actual
Year 1969 4 20, 21
Statement of Ex enditures, A ra riations
P PP P
And Encumbrances Year 1969 5 22, 2�
St te ent of Ex enditures and Encumbr nce
a m p a s
Classified as to Activity, Charaeter and Objeet
Year 19b9 6 24, 25
I Gity of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1969
TABI.E OF CONTENT5
Exhibit Page
Number Number
Special Assessment Funds 5tatements, Cont'd
Statement of Long- Te rm Debt Principal Amount)
December 31, 1969 17 45, 46
Public Service and Enterprise Furids Statements
Municipal Liquor Fund
Balance Sheet December 31 1969 18 47 48
Analysis of Changes in Surplus Year 19b9 19 49
Statement of Income and Ex ense Year 1 6
p 9 9 20 50, 51
Statement of Long- Te rm Debt
December 31, 1969 21 52, 53
Public Utilities Fund
Balance Sheet December 31, 1969 22 54, 55
Statement of Operations and Earned 5urplus
Year 19b9 23 56
Water De artment O
p perating Expenses Year 1969 24 57, 58
Sewer Department Operating Expenses Year 1969 25 59, 60
Summary Statement of Plant and Property and
Provisions for Depreciation
December 31, 1969 26 61, 62
Statement of Long-Term Debt
Bonds Payable and Contracts Payable
December 31, 1969 27 63, 64
65, b6
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31, 1969
TABLE OF CONTENT5
Exhibit Page
Numbe r Numbe r
Trust and A�ency Funds Statements
Combined Balance Sheet December 31 1969 28 67 68
Combined 5tatement of Revenue, Expenditures
and Fund Balances Year 1969 29 69, 70
Investment Trust Fund (A fund to accomodate the investment
of temporary cash surpluses)
Balance �5heet December 31, 1969 30 71
Statement of Earnings Year 1969 31 72
Changes in Participating Fund Balances Year 1969 32 73
General Fixed Assets and General Lon�-Term Debt
Summary Statement of General Fixed Assets
December 31, 1969 33 74, 75
Summary Statement of General Long-Term
Debt and Interest December 31 1969 34 76
Schedule of General Long-Term Debt and
Interest by Maturities December 31 1969 35 77, 78
Notes to Financial Statements
Note 1 All Funds 79
Note 2 Special Assessment Funds 79, 80
Note 3 Municipal Liquor Fund $Q
Note 4 Municipal Liquor Fund $1
Note 5 Public Utilitie s Fund $1, 82
Note 6 Public Utilities Fund 82, 83
Note 7 Surr�mary Statement of General Lon�-Term Debt and Interest 83
Note 8 All Funds 83, 84
'City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1969
TABLE OF CONTENTS
Page
5chedule Number
Statistical Information Seetion
Assessed Value and Estimated True Value and
Market Value of All Taxable Property by Budget
Years 1 85, 86
Tax Rates and Tax Levies
Years 1950 Through 1970 II g7, gg
Notes to Tax Rates and Tax Levies III 89
Tax Levies and Tax Collections
Years 1961 Through 1969 IV 90, 91
Special Assessment Collections
Years 1961 Throizgh 1969 V 92, 93
Revenues Other Than Property Taxes
and Special Assessments
Years 1961 Through 1969 VI 94, 95
Expenditures for Selected Functions
Years 1961 Through 1969 VII 96
Ratio of Net Bonded Debt to A s se s sed
Value and Net Bonded Debt Per Capita
Years 1961 Through 1969 VIII 97, 98
Statement of Legal Debt Margin
December 31 19b9 IX 99
Computation of Direct and Overlapping Debt
December 31, 1969 X 100
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures
Last Nine Years XI 101, 102
Schedule of Revenue Bond Coverage
Last Nine Years XII 103, 104
Miscellaneous Statistical Facts XIII 105 106
107
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
�t���t�
THE ANNUAL FINANCIAL REPORT OF
`��t�e Ctt of Brookl. n
y �en ter, .Mlnn e.. ��a
�or the Year �nded Decernber31,
SUBSTANTIALLY CONFORMS `TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
�u�tici�ai ,�ina�tcc �ffucr�c �g�ociation
.lND THE
.�tionai �Cotnmittce on f obcr�tt�untai �uountittg
Presenced September �9,1yG7. ClVir�m�, Cen�nittee on decoswun�
Esecrarr Diroetor
I
i I
i
i �i i i
CITY OF BROOKLYN CENTER, MINNESOTA
CERTIFICATE OF CONFORMANCE
On September 19 1967 the MUNICIPAL FINANCE OFFICERS ASSOCIATION OF THE
UNITED STATE5 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 principle s 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
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 1969 continues
to conform substantially to such standards.
DEPARTMENT OF FINANCE
CITY OF BROOKLYN CENTER
City of Brooklyn Center
LISTING OF CIT Y OFFICIA LS
For the Year Ended December 31 1969
�lected 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-?0
Councilman Theodore Willard Three Years 12-31-71
Councilman Earl Rydberg Two Years 12-31
(Jfficials Not Elected
City Manager ponald G. Poss
City Clerk Allen 5. 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 Stores Truman Nelson
Street Superintendent Henry Davis
Public Utilities Superintendent Frank Smith, Jr.
Assistant City Engineer James R. Merila
Health Officer R. I. 5hragg, M. D.
Fire Marshall Robert Cashman
Sanitarian Robert Hutchison
_3_
r
City of Brooklyn Center
LISTING OF CITY OFFICIALS
At May 28, 1970
Elected Officials
Terrn of Of£ice Term Expires
Mayor Philip Cohen Tvvo Years 12-31-71
Councilman Howard Heck Three Years 12-31-72
Councilman John Leary Three Years 12-31-70
Councilman Theodqre Willard Three Years 12-31-71
Councilman Vernon Ausen Three Years 12-31-72
Officials Not Elected
City Manager ponald G. Poss
C ity C le rk A llen S. Lindman
City Treasurer Paul W, Holmlund
City Attorney Richard Schieffer
Admi.nistrative Assistant Bambridge E. Peterson
Department Heads:
Finance Paul W. Holmlund
Public Works James Merila
Police Thomas G. O'Hehir
Fire Donald Mason
Protective Inspection Jean R. Murphey
Civil Defense Edwin Coleman
Parks and Recreation Eugene Hagel
Assessment Tohn Nordbexg
I,iquor Stores Truman Nelson
Street Superintendent Henry Davis
Public Utilities Superintendent Frank Smith, Jr.
Health Officer R. I. Shragg, M, D.
Fire Marshall Robert Cashman
Sanitarian Robert Hutchison
-4-
ORGANIZATION �HART CITY OF BROOKLYN CENTER, MINNESOTA
ELECTORATE
ADVISORY
CharteX Commission
CITY COUNCIL
ADVISORY Mayor CITY ATTORNEY
Capital Improvements Review Board 4 Councilmen
ADMINISTRATIVE ASSISTANT
ADVISORY City Clerk
Citizens Architectural Committee �CITY MANAGER Purchasing Officer
ADVISORY ADMINISTRATIVE ASSISTANT
Human Rights Commission Planning
ADVISORY ADMINISTRATIVE ASSISTANT
Planning Commission Research
v+
ADVISORY
Park and Recreation Commission
I���� I
DIRECTOR DIRECTOR CITY TREASURER CHIEF INSPECTOR CHIEF MANAGER DIRECTOR ASSESSOR
Park Finance Department Protective Volunteer Liquor Civi1 Tax
Recreation Inspection Fire Store Defense Assessment
Department Department Department
CHIEF
Police Department DIRECTOR
Public Works Department
i 4
Lieutenant Lieutenant Lieutenant City Engineer Superintendent Superintendent
Patrol Administrative Detective Engineering Street Public Utilities
Division Division Division Division Division Division
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CITY
OF ADMINISTRATIVE OFFICE t
OOK LY N 7100 OSSEO ROAD
BROOKLYN CENTER. MINNESOTA 55429
l TELEPHONE 561-5440
MINNEAPOLIS
i 1 june 2, 1970
To the Mayor and Council r
City of Brooklyn Center, Minnesota
Gentlemen:
Section 7.12 of the City Charter requires the City Manager
to sub it an a
m udited report to the Council covering the entire
financial operations of the City for the past year on or before the t
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
nd d D
e e ecember 31, 19 69 prepared by the Department of Finance
under my general supervision, is submitted for your consideration.
The summary of the report will be published in the Brooklyn Center
Post on july 23, 1970.
i
spectfully su .�nitted,
I
l
i
r� ..c�v�a
Donald G. ss
City Manager
7-
�2e �uc��2e
City of Brooklyn Center
GENERAL COMMENTS
Or�anization
Brooklyn Center was incorporated as a Village on Feb�uary 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 olic The Council is com
p y posed of a Mayor and
four Councilmen who are elected at large. Eaeh Councilman serves a term of
thxee years and the Mayor serves a term of two years. The City Manager is
the head of the Administr tive br n h
a a c of the City government and is responsible
to the Gouncil for the proper administration of all affairs relating to the City.
The City Manager is the chief accounting officer of the City and must
provide such information about the finances of the City as the Council may
require.
The offices of City Clerk and City Treasurer are subordinate to and
appointed by the City Manager. The City Clerk has duties in connection with
the keeping of the public records. The City Treasurer has duties in connection
with the receipt, disbursement and custody of public funds.
The City Attorney is appointed by the Council. All other o£ficers 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 COMMENT5
Financial Control and the Bud et
The City Charter grants the City Council full authority over the
financial affairs of the City. The Charter requires that all funds of the
City except funds made up of proceeds of bond issues, public service
enterprise funds, and special assessment funds, be budgeted. The City
Manager is charged with the responsibility of preparing the estimates of
the annual bud et and the enforcement of the rovisions of the bud et as
g P 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 bud et resolution is ado ted, the Council can increase the bud et
g P g
only if actual receipts exceed the estimates or from accumulated surplus
in the amount of an unexpended appropriation from the previous fiscal year.
Financial reports, which compare actual performance with the budget
are prepared monthly and presented to the Council so the Council is able to
review the financial status and measure the effectiveness of the budgetary
controls,
Governmental budget procedures are not used in connection with the
liquor stores or public utilities operations, because these operations are
primarily of commercial nature and employ concepts peculiar to revenue
producing entitie s
A summary of the budget document for the calendar year 1969 follows:
-9-
C ity of B rooklyn C ente r
ENE
G RAL COMMENTS
Financial Control, Cont'd
Proposed Expenditures (Public Service Ente�l�rises Excluded)
City operations (General Fund) $.1, 392, 149
r Poor relief 4, 000
Firemen's Relief A s sociation 37, 320
Debt service 55, 497
Public Employees' Retirement 63, 400
Policemen's Pension Fund 53, 443
Capital Projects Fund 200, 000
Total Proposed Expenditures $1, 805, 809
Proposed Source of Financin�
Taxation see summary of taxation presented below) $1, Q67, 542
Shared taxes (state and federal) 289, 073
Civil Defense reimbursement 4, 039
Local revenues:
Liquor stores $127, 151
Permits, penalties, licenses and
fines 9�, 650
Engzneerzng and clerical fees 60,:000
Services to public utilities fund 12; 660
Recreation receipts 23, 325
Se'rvices and other 48, 520
Rent 20,000 382,306
General fund surplus 62, 849
Total Proposed Financing $1, 805, 809
-10-
C ity of B rooklvn C ente r
GENERAL COMMENTS
F' C
inancial ontrol� Cont d
Ad valorem tax levies for the current year 1969 and for the two paevious
years (1968 and 1967j are summarized and presented below:
6
19 9 1968 1967
Mill Rate Amount Mill l�ate Amount Mill Rate Amount
Tax Levy
City operations 31. 18 653, 882 37. 58 $631, 987 42. 38 $660, 827
Poor relief 20 4, 000 42 7, 000 64 10, 000
Firemen's Relief
Association 1. 78 37, 320 2. 18 36, 706 10 1, 560
Debt service 2. 67 55, 497 4. 43 74, 378 5. 52 86, 052
Public Employees'
Retirement 3. 02 63, 400 4. 55 76, 567 2. 74 42, ?58
Policemen's Pension
Fund 2. 55 53, 443 2. 51 42 169
County park system 24 3, 653
Capital Projects 9. 54 200, 000
Total Levy 50. 94 $1, 067, 542 51. 67 $868, 807 51. 62 $804, 850
19b9 1968 1967
Assessed Valuation
Real estate $19, 340, 587 $15, 242, 320 $14, 290, 018
Personal property 1, 603, 159 1, 574, 574 1, 301, 952
Total Assessed
Valuation $20, 943, 746 $16, 816, 894 $15, 591, 970
The financial condition of each fund as of December 31 1969 and the
xesults of each fund's o erations for the ear to ether with a com rison of
P Y g Pa
these results to bud et estim tes is resen ci w'thin the fin nci 1 s tem n s
g a p te i a a ta e t
section of this report.
The City carries surety bonds on the positions of: City Manager, Clerk,
Treasurer Assessor De ut Assess L' M n A
p y or, iquor Store a ager and ssistant
I
-11-
City of Brooklyn Center
GENERAL COMMENTS
Financial Control, Cont'd
i Manager. In addition, the City is covered by an Honesty Blanket Position
bond on all othe r City employee s.
General Operations
The City, in addition to the usual activities of general government,
public safety and welfare, highways and recreation, operates three off-sale
liquor stores and a public sewer and water utility. Net revenues produced in
excess of working capital requirements by municipal liquor store operations
have been used towards financing current expense and capital outlay programs
of the City 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.
Accountin� System
The accounting for all activities of the City is divided into various
purpose groups or funds as required by statute and/or good accounting practice.
Except for minor variances, all funds are maintained on an accrual basis and
in conformity with generally accepted accounting principles applicable to
governmental entities as set forth by the National Committee On Governmental
Accountin�.
-12-
1
City of Brooklyn Center
GENERAL COMMENTS
Accounting System, Cont'd
TY�e 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 Villa�es as iss.ued 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 maintaining and pre-
scribin all financial records, establishing and maintaining internal control,
g
and preparing financial and budgetary reports are delegated to this department.
i
�'INANCIAL
I� S T A T E M E N T S
S E C T I O N
MOEN PENTTILA
CERTIFIED PUBLIC ACCOUNTANTS
1210 GLENWOOD AVENUE
MINNEAPOLIS, MINNESOTA 55408
DIAL 877.8180
To the City Council
City of Brooklyn Center, Minnesota
Gentlemen:
We have examined the financial statements of the various funds of the
City of Brooklyn Center as of December 31 1969 and for the calendar year
then ended. Our examination wa s 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" wh ich 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 mathematic�,l 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 seern 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-
I
City Council
Brooklyn Center
In our opinion, the accompanying balance sheets and related
statements of revenue, expenditures and surplus (Exhibits 1 through 35),
together with the notes appended thereto, present fairly the financial
position of the various funds of the City of Brooklyn Center on December 31,
1969 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,
l�
��U'� .�G�n�1�7�atJ
Oiva Penttila
Certified Public Accountant
MOEN PENTTILA
Field work completed May 28, 1970
Report signed June 1, 1969
-15-
Coxnbined
Explanation Total
(Note 1)
Assets and Resources
Cash on hand and in depositories 94, 755
Temporary investments 6, 527, 097
Accounts receivable 80, 790
Contract receivable sale of library 85, 981
Accrued revenue 148, 590
Due from other funds 415, 244
Cash held by County Treasurer's office 966
Monie s on depo sit with State of Minne sota 1 469
Taxes receivable 55, 479
Special assessment receivables 4, 655, 111
Cash held by paying agents for debt and interest 669, 527
Inventorie s and supplie s 151, 188
Securities held for investment and securities authorized for sale 3, 584, 785
Prepaid expenses and deferred charges 9 649
Fixed assets (net of depreciation where applicable) 19, 826 906
Unassessed construction 2, 313, 588
Amount available general debt and interest 59, 655
Amount to be provided general debt and interest 4, 769, 597
Totals n $43, 450 377
Liabilitie s
Vouchers and accounts payable 201, 532
Accrued sales tax payable 108
Contracts payable 1, 487, 209
Assessments payable 193, 880
Accrued expenses 161, 005
Due to other funds 415, 244
Construction and debt redemption loans payable 2, 218, 000
Customer and contractor deposits 225, 818
Bonds and certificates payable 8, 571, 400
Due funds participating in investment trust 3 662 321
Interest payable in future years (general debt) 1, 972, 155
Total Liabilitie s $19 108 672
Surplus, Reserves and Fund Balances
Surplus and surplus reserves set aside 2, 942, 820
Contribute.d surplus 9, 170, 933
Investment in general fixed assets 9, 518, 481
Unexpended appropriations, authorizations and balances 2, 709, 471
Total Surplus, Reserves and Fund Balances $24, 341, 705
Totals $43, 450, 377
-16
City of Brooklyn Center Exhibit 1
�OMBINED BALANCE SHEET ALL FUNDS AND GROUPS (CONDENSED FORM)
December 31, 1969
Special Capital Debt �pecial lv,lunicipal Public 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) (Exhibit 12) (Exhibit 14) (Exhibit 18) (Exhibit 22) (Exhibit 28) (Exhibit 30) (Exhibit 33) (Exhibit 34)
20,770 996 554 276 1,298 28,094 10,613 24,600 7,554
417,543 80,697 2,603,770 55,116 1,664,309 71,894 1,516,220 117,548
12,108 2,102 101 66,479
85, 981
44,985 3,274 100,331
136,756 1,846 264,855 93 10,390 1,304
966
1,469
42,634 549 5,884 6,412
4, 263 4, 554 660 96 188
552,313 15 ,956 43,075 58,183
8,259 128,982 13,947
t 3, 584, 785
5,008 2,555 2,086
4,59Z 10,303,833 $9,518,481
2, 313, 588
59, 655
4, 769, 597
3 168 223 2 613 523 60 621 353 125 252 267 12 107 816 3 3
$64 ,078 $9, $15 ,1 8 $3,692,670 $9,518,481 $4,887,435
56,91b 600 46,522 56,801 34,949 5,726 18
108
514,825 242,163 900 729,321
193,880
138,832 2,516 19,657
10, 237 5, 570 376, 541 2, 135 3, 261 17, 500
2,218,000
195, 487 30, 331
4, 905, 000 45, 000 900, 000 2, 721, 400
3, 662, 321
1,972,155
67,153 600 520,395 $7,927,058 $107,460 1,882,675 23,226 $3,692,670 $4,887,435
$575,925 $167,623 7,201 863,144 $144,807 $.1,054,208 $129,912 i
9,170,933
$9, 518, 481
2,085,927 60,621 562,923 I
$575,925 $167,623 $2,093,128 60,621 $1,426,067 $144,807 $10,225,141 $129 $9 ,518,481
$643,078 $168,223 $2,613,523 60,621 $9,353,125 $252,267 $12,107,816 $153,138 $3,692 $9 ,518,481 $4,887,435
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-17-
MOEN PENTTILA
Exhxbit 2
-Citv of Brooklvn Center
General Fund
BALANCE SHEET
December 31, 1969
ASSETS
Assets
Gash on hand and in depositories Z0, 770
Temporary investments 417, 543
Accounts receivable 12, 1Q8
Due from other funds 136, 756
Work in progress 5, 008
Taxes receivable:
Real estate and personal property taxes:
Levied during 1968, collectible in 1969 19, 248
Prior years' levies 23, 386 42, 634
Inventories of supplies:
Materials and supplies 6, 918
Sma�ll tools 1, 341 8, 259
Total $643, 078
LIABILITIE5, RESERVES AND SURPLUS
Liabilitie s
Vouchers payable 56 916
Due to other funds 10, 237
Total Liabilities 67, 153
Surplus
Reserve for 1969 budget encumbrances 14, 144
Reserve for imprest cash and prepaid or deferred
expenditures 8, 709
Unappropriated surplus (Exhibit 3) 553, 072
Tot Su 1
al rp us 575, 925
Total $643, 078
i See note s to financial statements
This statement is an integral part of report dated May 28, 1970.
-18-
Exhibit 3
Citv of Brooklvn Center
General Fund
ANALYSI5 OF CHANGES IN UNAPPROPRIATED SURPLUS
Year 1969
Actual
Budget Over (Under)
A ctual E stimate E stimate
Unappropriated Surplus, January 1, 1969 367, 464 367, 464
Add:
Revenue (Exhibit 4) 1, 607, 722 1, 395, 300 212, 422
Decrease to reserves for assets
set aside for specific use 318 318
Total Balance and Additions $1, 975, 504 $1, 762, 764 212, 740
Deduct:
Expenditures (Exhibit 5) $1, 408, 288 $1, 49?, 643 89, 355)
Encumbrances (Exhibit 5) 14, 144 14, 144
Total Deductions $1, 422, 432 $1, 497, 643 75, 211)
Unappropriated Surplus, December 31, 1969 553, 072 265, 121 287, 951
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-19-
City of Brooklyn Center Exhibit 4
General Fund
S.TATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 19b9
A ctual
Budget Over (Under)
Actual E stimate E stimate
T axe s
Real estate and personal property taxes $653, 884 $653, 882 2
Penalties and interest on tax bills 6, 296 10, 000 3, 704)
Total Taxes $660, 180 $663, 882 3, ?02)
Licenses and Permits
Business licenses and permits:
Food 1, 9 51
Malt 1, 167
Cigarette 1, 049
Heating 1, 016
V ehicle 998
Service station 668
Gas piping 480
Taxicab 471
Garbage haulers 335
Fire alarm 300
Burglar alarms 235
Bowling alley 220
All other business licenses permits 938
Total Business Licenses Permits 9, 828 6, 000 3, 828
Non-Business Permits:
Building 22, 294
Electrical 18, 218
Plumbing 12, 003
Heating 7, 448
Sewer and water 3, 945
All other non-business permits 4, 037
Total Non-Business Permits 67, 945 51, 650 16, 295
Court Fines 44, 031 24, 000 20, 031
Grants Federal 1, 004 1, 004
Shared Taxes
Sales $159, 873 $159, 873
Cigarette taxes 59, 313 58, 700 613
Liquor taxes 47, $72 44, 500 3, 372
Gaso].ine (State Aid Road Maintenance) 21, 210 20, 000 1, 210
Mortgage registry, mobile homes and
bank excise 8, 371 6, 000 2, 371
Total Shared Taxes $296, 639 $289, 073 7, 566
-20-
Exhibit 4
�ity o f Brooklyn Center Cont'd
General Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1969
Actual
Budget Over Under)
A ctual E stimate E stimate
Char�es for Current 5ervices
Recreation 22, 571 23, 325 754)
Sale of maps, assessment searches,
etc. 1, 91I 1, 700 �11
Zoning and special use permits 1, 283 800 483
Platting fees 252 200 52
Total Char�es for Current Services 26, 017 26, 025 8)
Char�es to Other Funds
Engineering and clerical fees 220, 293 90, 000 130, 293
Public Utilities Fund (rent and
administration) 12, 660 12, 660
Liquor Fund (heat and light) 660 660
Work order charges use of equipment 27, 024 16, 820 10, 204
Total Charges to Other Funds 260, 637 119,480 141, 15?
Othe r
Interest income 20, 440 4, 000 16 440
Civil Defense reimbursements 4, 348 4 q39 309
Rental of property 79? 797
Refunds and reimbursements 85, 159 76, 500 8 659
Police towing fees 1, 733 1, 300 433
Sale of property 96 96
Other income 1, 717 2, 200 483)
Total Other 114, 290 88, 039 26, 251
Transfers In
Municipal Liquor Fund 127, 151 127, 151
Total Revenue $1,$07, 722 $1, 395, 300 212, 422
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-21-
1969 Budget Appropriations
Original Amendments Durin� 1969
1969 Budget Yncreases Decreases
General Government
Mayor and Council 37, 816 450 12, 500
Election voter registration 3, 912 1, 200
Finance Administrative Office 119, 885 3, 000
Assessor 24,231 3,000
Accounting internal
audit 30, 042
Independent audit 5, 800 Z, 300
Legal 21,300
Charter Cornmission 1, 500
General government buildings 29, 530
Total General Government 274, 016 9, 950 12, 500
Public Safety and Welfare
Police protection 338, 680
Fire protection 34, 773
Protective inspection 42, 806 1, 350
Civil defense 14, 469
Animal control 6, 000 2, 200
Regulations and inspections 8, 500
Nursing service 8, 882
Library building 13, 780
Total Public Safety Welfare$ 467, 890 3, 550
Hi�hways
Engineering 109, 699 30, 000
Street department 232, 724 35, 000
Maintenance shop 45, 892
Street lighting 38, 000
Total Hi�hways 426, 315 65, 000
Recreation Parks
Supervision of recreation 109, 921
Adult programs 11, 550
Summer playgrounds 22, 236 r
Summer programs 23, 111
Fall and winter sports 17, 950
Park maintenance improvement 39, 160 39 494
Total Recreation 223, 928 39, 494
Grand Total $1, 392, 149 117 994 12, 500
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-22-
I
r City of Brooklyn Center Exhibit 5
General Fund
STATEMENT OF EXPENDITURES, APPROPRIATION5 AND ENCUMBRANCES
Year 1969
Expenditures and Encumbrances (Over Expended)
Final 1969 Dec. 31, 1969 Under Expended
1969 Budget Expenditures Encumbrances Appropriations
25 ,766 15 ,743 10,023
5,112 4,640 472
122,885 119,T63 22 3,700
27,231 27,171 60
30, 042 29, 637 405
8,100 8,084 16
21,300 18,369 2,931
1, 500 1, 500
29, 530 28, 006 6 1, 518
271,466 250,813 28 20,625
338 680 31 211 4 056
9, 15, 413
34, 773 31, 583 590 2, 600
44,156 44,112 44
14 469 7 675 4, 848 1, 946
8,200 8,227 27)
8, 500 6, 376 2, 124
8,882 8,882
13,780 13,866 86)
471,440 439,932 9,494 22,014
139 134,020 100 5,579
267,724 258,874 3,982 4,868
45,892 49,326 52 3,486)
38, 000 37, 800 200
491, 315 480, 020 4, 134 7, 161
109,921 114,736 4,815)
11, 550 11 946 396)
22,236 I9,228 8 3,000
23, 111 27, 600 4, 489)
17,950 15,590 313 2,047
78,654 48,423 167 30,064
263, 422 237, 523 488 25, 411
$1,497,643� $1,408,288 14,144 75,211
-23-
Total
Encumbrancef� Total
and Current Personal
Expenditure.� Expense Services
General Government
Mayor and Council 15, 743 15, 743 11, 368
Elections voter registration 4, 640 3, 40q 2, 403
Finance Administrative Office 119, 185 117, 245 70, 867
Assessor 27,171 27,171 24,593
Accounting Internal Audit 29, 637 29, 637 29, 587
Independent Audit 8, 084 8, 084 8, 084
Legal 18,369 18,369 17,910
General government buildings 28, 012 23, 302 12, 006
Total General Government 250, 841 242, 960 176, 818
Public Safety and Welfare
Police protection 323, 267 313 899 297, 074
Fire protection 32, 173 25, 501 21, 126
Protective inspection 44, 112 44, 112 42, 542
Czvil defense 12, 523 8, 344 4, 391
Animal control 8, 227 8, 227 8, 22?
Regulations and inspections 6, 376 6, 376 6 376
Nursing 8, 882 8, 882 8, 882
Library building 13 866 13 866 6, 419
Total Public Safety Welfare 449, 426 429, 207 395, 037
Hi �hways
Engineerin g 134, 120 133, 476 130, 376
Street department 262, 856 228, 023 190, 064
Maintenance shop 49, 378 48 916
Street lighting 37, 800 37, 800
Total Hi�hways 484, 154 448, 215 320, 440
Recreation and Parks
Supervision of recreation 114, 736 112, 614 108, 579
Adult programs 11, 946 11, 946 6, 093
Summer playgrounds 19,236 19,236 17,269
Summer programs 27, 600 27, 600 19, 435
Fall and winter sports 15, 903 15, 903 14, 517
Park maintenance irnprovennent 48 590 19, 565
Total Re,creation 238, O11 206, 864 165, 893
Grand Total $1, 422, 432 $1, 327, 246 $1, 058, 188
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-24-
City of Brooklyn Center Exhibit 6
!General Fund
STATEMENT OF EXPENDITURE5 AND ENCUMBRANCES
�LAS5IFIED A5 TO ACTIVITY, CHARACTER AND OBJECT�
Year 1969
Current Expense Classification ,Capital Expenditures
Contractual CapitalOutlay Classification
Services Gommodities Other Expenditures I�,and Equipment
4, 375
9�5 101 1, 231 1, 231
19, 414 8, 575 18, 389 1, 940 1, 940
1, 543 464 571
50
459
8,174 3,122 4,710 4,710
30,495 12,161 23,486 7,881 4,710 3,171
5,694 7,028 4,103 9,368 9,368
2, 234 1, 13b 1, 005 6, 672 6, 672
1, 570
1,258 916 1,779 4,179 4,179
6, 621 826
15,807 9,906 8,457 20,219 20,219
2,615 485 644 644
36,309 1,650 34,833 34,83:3
1, 696 42, 681 4, 539 462 462
37, 800
39, 49b 81, 605 6, 674 35 939 35, 9�9
2,518 543 974 2,122 2,122
5, 8 53
1, 967
8,165
1,386
7,289 12,229 47 29,025 10,891 I8,134
9,807 30,143 1,021 31,147 10,891 20,256
95,605 $133,815 39,638 95,186 15,601 79,585
-25-
Exhibit 7
City of Brooklyn Center
Special Revenue Funds
COIvIBINED BALANCE SHEET
December 31, 19b9
Group Park Library
Combined Poor Training Concessions Sales
Total Fund Fund Fund Fund
ASSETS
Cash on hand and in depositories gq6 39 b3 880 14
Temporary investments 80, 697 1, 433 871 78, 393
Taxes receivable:
Real estate and personal property:
Levied during 1968, collectible
during 1969 152 152
Prior years' levies 397 397
Contract receivable sale of
library 85, 981 85, 981
Totals $168, 223 2, 021 63 1, 751 $164, 38$
LIABILITIES, RESERVES AND SURPLUS
Vouchers payable 600 600
Unappropriated surplus (Exhibit 8) 167, 623 1, 421 b3 1, 751 $1b4, 388
Totals $168, 223 2, 021 63 1, 751 $164, 388
{5ee notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-26-
i
Exhibit 8
C ity of B rooklyn C ente r
Special Revenue Funds
COMBINED ANALY5IS OF CHANGES IN UNAPPROPRIATED SURPLUS
Year 1969
Group Park Library
Combined Poor Training Concession Sales
Total Fund Fund Furid Fund
Unappropriated surplus,
Januarv 1, 1969 8, 651 6, 926 63 1, 662 -0-
Add: Revenue (Exhibit 9) 207, 032 4, 412 4, 832 197, 788
Deduct: Expenditures .and
encumbrances
(Exhibit 9) 48, 060) 9, 917) 4, 743) 33, 40C1)
Unappropriated Surplus,
December 31 19b9 $167 623 1, 421 63 1, 751 $164, 388
See note s to financial statements
This statement is an integral part of report dated May 28, 1970.
i
i
_27_
Exhibit 9
City of Braoklyn Center
Special Revenue Funds
COMBINED STATEMENT OF REVENUE5 AND EXPENDITURES
�ear 1969
Park Libraxy
CCornbined Poor Concessions Sales
Total Fund Fund Fund
Revenue
Sale of libra.ry $185, 505 $185, 505
General property tax special
ad valorem levy 4, 191 4,191
Interest earned on contracts
receivable 9, 590 9, 590
Concessions receipts 4, 832 4, 832
Tnterest earned on temporary
investments 2, 914 221 2, 693
Total Revenue $247, 032 4, 412 832 $197, 788
Expenditure s
Transfers to D�bt 5ervice
Fund 33, 400 33, 40q
Subsistence, care and support
payment �4, 940 4, 940
Adzninistra�ive charge 4, 977 4, 977
Purchases for resale 3, 590 3, 590
Purchases of equipment 1, 153 1, 153
Total Expenditures 48, O60 9, 917 4, 743 33, 400
Excess of Revenue Over
Expenditures $158, 972 5, 505) 89 $164, 38$
(See notes to financial staterr�Ents)
i
This statement is an integral part of report dated May 28, 1970.
-28-
G ombined
Total
A SSET S
Ca,sh in bank 554
Taxes receivable 5, 884
Due from other funds 1, 846
Temporary investments 2, 603, 770
Monies on deposit with State of Minnesota 1, 469
Totals $2, 613, 523
LIABILITIES AND SURPLUS
Due to other funds 5, 570
Contract payable 514, 825
Reserve for authorized
expenditures (Exhibit 11) 2, 085, 92?
Unappropriated surplus 7, 201 i
Totals $2, 613, 523
i
(See notes to financial stateznents)
This statem.ent is an integral part of report dated May 28, 1970.
-29-
Exhibit 10
C ity of B rooklyn C ente r
�apital Projects Funds
i COMBINED BALANCE SHEET
December 31, 1969
Municipal
Certificates Certificates State Aid
of of for
Library Indebtedness Indebtedness Highway Capital
Bonds #10 #11 Construction Projects
46 89 419
5, 884
1,846
1,859 716 378 438,701 2,162,116
1, 469
1,905 716 378 $442,105 $2,168,419,
4, 459 1, 111
514, 82 5
433, 44�# 1, 652, 4$3
1,905 716 378 4,202
1,905 716 378 $442,105 $2,168,419
-30-
G ombined
Total
Reserve for Authorized Expenditures
General obligation issues
bonds sold during 1966 250, 000
bonds sold during 1969 2, z 50, 000
Certificates of indebtedness
sold during 1966 44, 000
sold during 1967 9, 500
State aid for highways
from 1968 and pxior years 369, 368
from 19b9 164,898
Transfers from other funds 3, 000
Interest on temporary investments 76, 172
Ad valorem taxes 200, 065
Sale of property 37, 543
Total Amount Appropriated $3, 40�4, 546
Less: Expenditures for authorized purposes:
Year 1964 12, 779
Year 1965 197,074
Year 1966 61, 222
Year 1967 29, 483
Year 1.969 and Year 1968
5treet construction 100, 8�0
Civic center 154, 174
Municipal service building 617, 058
Parks and playgrounds 137, 562
Legal and vacating costs 1, 246
Total Expenditures $1, 311, 41$
Reserve for Authorized Expenditures December 31, 19b9 $2.085, 927
Unappropriated Surplus December 31, 1969 7, 201
S notes to fin nci 1 st temen s
ee a a a t)
This statement is an integral part of repprt dated May 28, 1970.
-31-
�I, Exhibit 11
City of Brooklyn Center
Capital Pro,jects Funds
COMBINED STATEMENT OF APPROPRIATIONS A,ND E�PENDITURES
Year 19b9
Municipal
Certificates Certificates 5tate Aid
of of for
Library Indebtedness Indebtedness Highway Capital
Bonds #10 #11 Constxuction Projects
$250,000
$2, 250, 000
44,000
9, 500
369,368
164,898
3,000
1,145 142 16 4,200 70 ,669
204, 065
37, 543
$251,145 44,142 9,516 $538 $2 ,561,277
12, 779
197, 074
30,863 30,359
7,278 13,067 9,�38
$100,820
154,174
617,058
137, 562
1, 246
$249,240 43,426 9,138 $100,820 908,794
$433, 444 $1, 652, 48�
1,905 716 378 4,202 -0-
I -32-
�ornbined
Total
ASSETS
Cash on hand and in depasitories �76
Temporary investments 55, 116
Cash held by County Treasurer's office 966
Taxes receivable:
Real estate and personal property:
Levied in 1968 collectible in 1969 1, 599
Prior year levies 2, 664
Totals 60, 621
LIABILITIES AND SURPLUS
Unappropriated surplus 60, 621
Totals 6 6
o, 21
(See notes to financial statements)
This statexnent is an integral part of report dated May 2$, 1970.
r
-33-
E�.ibit 12
City of Brooklyn Center
Debt Service Funds
COM$INED BALANCE 5HEET
December 31, 1969
Certificates 1969 Building
Park Library of Improvement
B'onds �onds Indebtedness State Loan Bonds
96 65 17 qg
21,848 20,543 2,685 10,040
966
903 696
1,288 394 982
24,135 21,002 4,380 966 10,1.38
24,135 21,002 4,380 966 10,138
24,135 21,002 4,380 966 10,138
-34-
C ambined
Total
Unappropriated Surplus, January 1 19b9 27 976
Add: Revenue
Transfer from Library Sales Fund 33, 400
General property tax levies 55, 854
Bond proceeds to cover discount on xssue 30, 000
Inte re st on tempo rary inve stments 2, 119
Total Balance and Additions $149, 349
Deduct: Expenditures
Princ�.pal paid 51, 000
Interest paid 37, 608
Service charges (paying agent) gg
Write off tax levy balances 32
Total Expenditures 88, 728
Una�propriated Surplus, December 31, 19b9 60 b21
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-35-
Exhibit 13
City of Brooklyn Center
Debt 5ervice Funds
COMBINED STATEMENT
OF REVENUE, EXPENDITURES AND SURPLUS
Year 1969
Certificates 1969 Building
Park Library of Improvement
Bonds Bonds Indebt edness State Loa� Bonds
r 20 ,994 3,397 2,414 1,�71
33,400
31,454 23,170 1,230
30,000
1, 352 243 284 2�40
53,800 37,040 25,868 2,401 30,240
20, 000 10, 000 19, 600 1, 400
9, 593 6, 000 1, 878 35 20, 102
50 38
22 10
29, 665 16, 038 21, 488 1, 435 20, 102
24, 135 21, 402 4, 380 966 10, 138
-3b-
All Funds
Combined Bond Fund
.ASSETS Total No. 1
Cash on hand and in depositories 1, 298 77
Temporary investments (Exhibit 30) 1 664 309 41, 148
Accounts receivable 2, 102
Due from other funds 264, 855
Assessments receivable:
Future installments (principal) 4, 165, 640 26, 193
Delinquent assessments (principal interest) 143, 002 877
City General Fund (principal no interest charge)� 193, 880
Interest applicable to 1969 on installments due in
1970 23,190
Installments applicable to tax forfeit property 28, 948 128
Authorization to assess for construction in progresa 2, 313, 588
Cash held by paying agents for debt and interest 552, 313 18, 967
Totals $9, 353, 125 87, 390
LIABILITIES
Vouchers and contracts a able 288 685
P Y
Accrued expenses and costs r 56, 519
Due to other funds r� 376, 541
�5:
Construction Ioans payable 2, 218, 000
Bonds and interest not redeemed (monies with
paying agent):
Bonds maturin Januar 1 1970 470 000 18 000
b Y
Interest coupons maturing January 1, 1970 82, 313 967
Bonds payable future years (Exhibit 17) 4, 435, 000 38, 000
Total Liabilities $7, 927, 058 56, 967
Unappropriated surplus (deficit) for debt retirement
(Exhibit 15) 863, 144 30, 423
Unexpended appropriations for construction
(Exhibit 16) 562, 923
Totals $9, 353, 12 87, 390
(See notes to financial statements)
This sta"tement is an integral part of report dated May 28, 1970,
-37-
City of Brooklyn Center Exhibit 14
5pecial Assessment Funds
GOMBINED BALANCE SHEET
December 31 19b9
1955 A 1956 AC 1956 B 1957 AB 1958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1965 1966 1968 1970
Fund Fund Fund Fund Fund Fund Fund Fund Fund' �Fund Fund Fund Fund Fund
28 13 46 92 31 54 88 17 ?8 6 33 57 82 596
139,116 156,496 12,125 93,642 121,495 179,682 152,018 255,131 214,648 126,155 29,753 26,031 116,869
2,102
39, 271 96, 513 32, 100 13, 141 12, 936 44, 836 26, 058
57,847 114,063 21,063 42,778 135,334 53,462 159,148 550,232 331,070 296,618 186,171 532,501 706,233 952,927
7, 540 8, 049 398 559 9, 184 642 2, 019 46, 887 37, 589 15, 944 1, 512 6, 721 5, 081
6,288 1,632 1,818 33,332 52,378 4,975 13,578 12,579 11,706 55,594
164 11,269 11,757
304 1,389 642 100 764 724 310 9,480 13,269 315 1,214 309
25, 792 2, 287, 796
18,934 28,b15 29,963 23,310 42,669 104,065 62,402 52,480 34,772 89,673 46,463
$230,057 $310,257 34,274 $137,171 $298,589 $257,874 $356,252 $1,038,579 $807,947 $528,593 $280,174 $706 $944,641 $3,334,728
46,125 242 560
19,878 18,657 56,519
2,682 92,444 242,880
2,218,000
17,000 25,000 25 000 20 000 35 000 8
5,000 50,000 45,000 30,000 75,000 45,000
1,934 3,616 4,963 3,310 7,669 19,065 12,402 7,480 4,772 14,673 1,462
102,000 155,000 225,000 170,000 315,000 855,000 640,000 400,000 225,000 600�,000 710,000
$120,934 $183,616 19,878 $254 $193,310 $357 977,722 $702,402 $455,162 $259,772 $689,673 $895,031 $2,759
10 23 26
9,1 1,641 34,274 117,293 43 ,626 64,564 1,417) 60,857 105,545 73,431 20,402 16 ,926 49,610 11,846
562, 923
$230,057 $310,257 34,274 $137,171 $298,589 $257,874 $356,252 $1,038,579 $807,947 $528,593 $280,174 $706 $944,641 $3,334,728
-38-
MOEN PENTTILA
Combined Bond
Total Fund 1955 A 1956 AC 1956 B 1957 AB
All Funds No. 1 Fund �'und Fund Fun.d
Unappropriated Surplus
January l, 1969 $744 ,672 27,870 $101,191 $117,7$8 32,521 $129,418
Add: Revenue 1969
Interest Assessments $222, 527 1, 778 3, 432 6, ?98 1, 321 3, 108
Interest Investments 91, 446 2, 806 8, 447 9, 412 437 4, 666
Revenue 1969 $313, 973 4, 584 11, 879 16, 210 1, 758 7, 774
Less; Expenditures 1969
Interest $173, 935 1 936 3, 868 7, 230
Agent charges 1, 687 95 78 127 5 21
Abatements (additions) 2 1 1
5torm sewer completion
cost 19,877 19,877
Expenditures 1969 $195 501 2, 031 3, 947 357 5 19, 899
Unappropriated Surplus
Decen�ber 31 1969 $863 144 30, 423 $109, 12� $126, 641 34, 27�4 $117, 293
See notes to financial statements
This statement is an ir�tegral part of report dated May 28, 1970.
-39-
Exhibit 15
City of Brooklyn Center
Special Assessment Funds
COMBINED STATEMENT OF REVENUE, EXPENDITURES
.AND UNAPPROPRIATED SURPLUS FOR DEBT RETIREMENT
Year 1969
T958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1965 1966 1968 i97o
Fund Fund Fund Fund Fund Fund Fund F�and Fund Fund
$36,825 $56,823 $(6,237) $48,884 95,242 $60,605 $17,2p7 $16,935 9,600
9,325 3,643 $10,750 $37,38? 22,789 $20,586 $10,874 $31,723 $47,167 $11,846
7, 501 10, 771 9, 526 13, 034 32, 492 7, 329 1, 962 1, 931 1, 132
$16,826 $14,414 $20,276 $50,421 35,281 $27,915 $12,836 $33,654 $48,299 $11,846
9,925 6,620 $15,337 $38,130 24,805 $14 9,545 $33,395 8,184
100 53 118 319 174 128 96 268 105
1 1) 1) 1
0 25 6 673 15 456 38 448 24 978 15 089 9 641 33 663 8 28
$1 ,0 9
$43, $64 ,564 $(1,417) $60,857 $105,545 $73,431 $20,402 $16 $49 ,610 $11,846
-40-
Projects Closed Durih� 1969 Appropriations (Note 2)
Project Original (Added) Final
�Vumber Description Appropriations Cancelled Appropriation
67-43 5treet 11, 870. 00 1, 958. 2I' 13, 828. 2�
68-2 Water 26, 314. 00 8, 642, 77) 17, 671. 23
68-3 Street 62 557 00 16, 3,86. 11) 46, 170. 89
68-4 Street 12, 229, 00 257. 74 12, 486. 74
68-6 Water 24, 362. 00 4, 798. 27) 19, 563. 73
68-7 Street 22, 033. 00 3, 550. 89) 18, 482. 11
68-8 Water 15, 765. 00 5, 166. 93) 10, 598. 07
68-9 Street 9, 490. 00 777. O1) 8, 712. 99
68-10 5treet 41, 803. 00 4, 758. 53 46, 561. 53
68-11 Street 11, 776. 00 478. 47) 11, 297. 53
68-12 Storm sewer 45, 909. 00 5, 274. 44) 40, 634. 56
68-13 Water 16, 931. 00 845. 43) 16, 085. 57
68-16 Water 26, 072. 00 6, 320. 35) 19, 751. 65
68-17 Street 17, 528. 00 238. 37) 17, 289. 63
68-24 Water 7, 949. 00 2, 717. 84) 5, 231. 16
68-25 Street 4, 397. 00 266. 13) 4, 130. 87
68-28 Street 8, 040. 00 4, 017. 77 12, 057. 77
68-30 Street 8, 820. 00 606. 64) 8, 213. 36
68-31 Water 68, 979. 00 19, 932. 74) 49, 046. 26
68-32 Street 55, 604. 00 11, 719. 59) 43, 884. 41
68-33 Water 39, 527. 00 6, 022. 64) 33, 504. 36
68-34 Street 27, 145. 00 2, 158. 75) 24, 986. 25
68-35 Water 6, 833. 00 2, 326. 00) 4, 507. 00
68-36 Street 2, 728. 00 43. 41 2, 771. 41
68-37 Water 25, 103. 00 2, 792. 90) 22, 310. 10
68-38 Street 9, 223. 00 1, 358. 21) 7, 864. ?9
68-39 Water 6, 549. 00 723. 14) 5, 825. 86
68-40 5anitary sewer 8, 912. 00 486. 20) 8, 425. 80
68-41 Street 214. 00 3, 001. 60 10, 215. 60
68-42 Water 31, 017. 00 4, 183, 85) 26, 833. 15
68-43 Street 20, 078. 00 3, 093. 11) 16, 984. 89
68-45 Wa.ter 29, 404. 00 2, 836. 97) 26, 567. 03
68-46 5treet 22, 416. 00 176. 15) 22, 239. 85
68-47 Street 745. 88 803. 67 1, 549. 55
68-48 Storm sewer 4, 825. 00 1, 054. 37 5, 879. 37
68-49 Sanitary sewer 5, 717. 00 185. 56 5, 902. 5b
68-50 Water 9, 269. 00 1, 518. 04) 7, 750. 96
68-51 Street 18, 089. 00 646. 68 18, 735. 68
68-52 Street 8, 528. 00 474. 17 9, 002. 17
68-53 Street 44, 835. 00 26$. 77) 44, 566. 23
69-61 Sanitary sewer 7, 130. 00 845. 17) 6, 284. 83
69-62 Storm sewer 5, 801. 00 261. 84) 5, 539, 16
69-66 Storm sewer 52, 774. 00 3, 781, 25) 48, 992. 75
69-75 Curb gutter 50, 000. 00 6, 483. 15) 43, 516, 85 i
Total Projects Closed $942, 290. 88 109, 836. 41) $832, 454. 47
-41-
City of Brooklyn Center Exhibit 16
Special Assessment Funds
CONSTRUCTION EXPENDITURES COMPARED TO APPROPRIATIONS AND ASSESSMENT OF COSTS
Year 1969
Expenditures (Note 2) Costs Assessed Assessed Compared to Cost
�alance During Tota.l State Aid �ro�perty Under) Over Applied to Water
1/1 /1969 1969 Expenditures Share Share ,'Total Assessed Utility (Note 2)
12, 437. 34 1, 390. 87 13, 828. 21 13, 874. 73 13, 8Z4. 73 46, 52
18, 640. 17 968. 94) Y7, 671. 23 26, 950. 00 26, 950. 00 9, 278. 77
40, 001. 89 6, 169. 00 46, 170. 89 38, 753. 03 7, 415. 55 46, 168, 58 2. 31)
-11, 583, 23 903. 51 12, 486. 74 121. 1-0 12, 365. 64 12, 486. 74
19, 747. 76 184. 03) L9, 563. 73 28, 342. 53 28, 342. 53 8, 778. 80
15, 623, 63 2, 858. 48 18, 482. 11 18, 482. 06 18, 482, 06 05)
10, 957. O1 358. 94) 10, 598. 07 12 740. 00 12, 740. 00 2, 141. 93
7. 534. 62 1, 078. 37 8, 712 99 8 700. 32 8, 700. 32 12. 67)
46, 318. 69 242, 84 46, 561. 53 41, 173. 25 5, 388. 27 46, 561. 52 Ol)
10, 608. 57 688. 96 11, 297. 53 1, 540. 10 9, 757. 44 11, 297. 54 O1
41, 289. 25 654 69) 40, 634: 56 40, 634.42 40, 634.42 14)
15, 821. 87 263. 70 16, 085. 57 32, 052. 43 32, 052. 43 15, 966. 86
19, 803. 44 51 79) 19 ?51. 65 35 960 00 35 960 00 16, 208. 35
15, 656. 24 1, 633. 39 17, 289. 63 17, 289. 46 17, 289. 46 17)
5, 206, 27 24. 89 5, 231. 16 6, 370. 00 6, 370. 00 1, 138. 84
3, 862. 13 268. 74 4, 130, 87 4, 130. 90 4, 130. 90 03
10, 832. 67 1, 225. 10 12, 057. 77 12, 057. 77 12, 057. 77
7, 303, 71 909. 65 8, 213, 36 8, 213, 43 8, 213. 43 07
48, 779. 48 266. 78 49, 046. 26 65, 834. 97 65, 834. 97 16, 788. 71
44, 970. 66 1, 086. 25) 43, 884. 41 43, 870. 04 43, 870. 04 14. 37)
34, 156. 58 652. 22) 33, 504. 36 40, 470. 00 40, 470. 00 6, 965. 64
20, 673, 95 4, 312, 30 24 986 25 24 986 64 24 986 64 39
5, 104. 87 597. 87) 4, 507. 00 5, 655. 80 5, 655. 80 1, 148. 80
2, 650, 68 120. 73 2, 771. 41 2, 771. 41 2, 771. 41 I
22, 622. 84 312. 74) 22, 310. 10 25, 312. 82 25, 312. 82 3, 002. 72
7, 885. 52 20. 73) 7, 864. 79 7, 864. 52 7, 864. 52 27)
5, 817. 34 8. 52 5, 825. 86 7, 928. 10 7, 928. 10 2, 102. 24
6, 466 96 l, 958. 84 8, 425. 80 8, 425. 69 8, 425. 69 11)
i 3, 977. 21 6, 238. 39 10, 215. 60 10, 213. 61 10, 213. 61 1. 99)
26, 062. 47 770. 68 26, 833. 15 31, 850, 00 31, 850. 00 5, 016. 85
13, 335, 56 3, 649, 33 16, 984. 89 16, 985. 22 16, 985. 22 33
26, 156. 50 410, 53 26, 567. 03 38, 710. 00 38, 710. 00 12, 142. 97
21, 685. 94 553. 91 22, 239. 85 22, 072. 02 22, 072. 02 167, 83)
1, 468 29 81. 26 1, 549 55 1, 579 8 5 1, 579. 8 5 30. 30
5, 476. 50 402. 87 5, 879. 37 5, 879. 07 5, 879. 07 30)
5, 454. 71 447. 85 5, 902, 56 5, 902. 61 5, 902. 61 05
7, 274. 30 476. 66 7, 750. 96 25, 29b. 29 25, 296, 29 17, 545. 33
17, 121. 39 1, 614. 29 18, 735. 68 18, 735. 67 18, 735. 67 O1)
9, 330. 26 328. 09) 9, 002. 17 9, 002. 08 9, 002. 08 09)
41, 346. 62 3, 219. 61 44, 566. 23 44, 565. 80 44, 565. 80 43)
7, 034, 75 749. 92) 6, 284. 83 6, 284. 90 6, 284. 9� 07
5, 435. 98 103. 18 5, 539. 16 5, 539. 27 5, 539. 27 11
47, 618. 06 1, 374. 69 48 992 75 48, 992. 53 48, g92. 53 22)
41, 615. 84 1, 901. O1 43, 516. 85 43, 516. 52 43, 516. 52 33)
$792, 851. 75 39, 602. 72 $832, 454. 47 81 587. 48 $868, 970. 38 $950, 557. 86 123. 42) $118, 226. 81
-42-
MOEN PENTTILA
Projects in Process 12/31/1969 Appropriated Expenditures Unexpended
Project During During Balance
Number Description 1969 1969 (Overexpended)
69-2 Water 4, 363. 00 3, 73$. 76 624. 24
69-3 Street 2, 525. 00 3, 070, 42 545. 42)
69-4 Water 25, 525. 00 24, 636. 32 888. 68
69-5 Street 21,401.00 8,286.b7 13, 114.33
69 Water 12, 962. 00 10 422 92 2 539 08
69-? Water 10, 870. 00 13, 303. 55 2, 433. 55)
69-g Water 18, 536. 00 16, 827. 78 1, 708. 22
69-9 Street 16, 575. 00 18, 160. 90 1, S$5. 90)
69-10 Water 23, 773. 00 22,471.20 1, 301.$0
69-11 Street 21 455 00 20, 768. 58 6$6. 42
69-12 Water 17, 908. 00 15, 634. 45 2, 273. 55
69-13 Street 13, 686 00 13 668.08 17. 92
69-1� Water 31, 950, 00 28, 071. 45 3, 878. 55
69-15 Street 19, 479. 00 17, 853, 41 1, 625. 59
69-16 Street 27, 910. 00 47, 424. 3p 19, 514. 30)
69-17 Curb and gutter 7, 800. 00 9, 463. 65 1, b63. 65)
69-18 Water 24, 493. 00 19, 726. 41 4, 766. 59
69-19 Street 22, 456. 00 21, 419. 97 1, 036. 03
69-20 Water 34, 525. 00 25, 378. 77 9, 146. 23
69-21 Street 26, 155. 00 27, 487. 6? 1, 332. 67)
69-22 Water 26, 060. 00 20, 685. 03 5, 374. 97
69-23 St'reet 21, 048. 00 20, 943. 43 104. 57
69-24 Water 6, 699. 00 7, 319. O1 620, 01)
69 -25 5tr,�et 6, 884. 00 8, 330. 05 1, 446, 05)
69-26 Water 14, 660. 00 12, ?84: 75 1, 875. 25
69-27 Street 11, 614. 00 14, 496. 60 2,$82. 60)
69-28 Water 9, 780. 00 8, 861. 85 918. 15
69-29 Street 7, 159. 00 8, 053. 02 894, 02)
69-30 Water 26, 20b. 00 21, 487 84 4 718. 16 1
69-31 Street 22, 500. 00 19, 638. ?2 2, 861. 28
69-32 Wa.ter 252, 586. 00 231, 944. 07 20, 641. 93
69-33 Sewer 17, 635. 00 16, 019. 16 1, 615. 84
69-34 Street 13, 949. 00 14, 798. 59 849. 59)
69-35 Curb and gutter 5, 520. 00 5, 712. 03 192. 03)
b9-36 Sewer 221, 266. 00 200, 281. 00 20, 985. 00
69-37 Street 599, 920. 00 417, 868. 27 182, 051. 73
69-38 Curb and gutter 54, 330. 00 -0- 54, 330. 00
69-39 Sewer 472, 570. 00 429. 892. 13 42, 677. 87
69-40 Water 19, 171. OQ 17, 483. 74 1, 687, 26
69-41 Sewer 32, 354. 00 29, 404. 92 2, 949. 08
-43-
�ity of Brooka.yn Center Exhibit 16
Special Assessment F'unds Cont'd
CONSTRUCTION EXPENDITURES COMPARED TO �PPROPR�ATIOIV5 AND
ASSESSMENT OF COSTS
Pro.jects in Process 12/31/1969 Appro riated Ex enditures Une ended
P p xp
Proj ect During During $�lance
Number Deacription 1969 1969 (Overexpended)
69�43 5txeet 33, 359. 00 29, 407, 14 3, 951. 86
69 T44 Curb and gutter 5, 040. 00 8, 324, 05 3, 284. 05)
69-�5 Sewer 71, 744. QO 64, 961. 50 6, 782. 50
69-46 Street 46, 064. 00 44, 570. 11 1, 493. 89
69-47 Curb and gutter 9, 066. 00 8, 905. 23 160, 77
69-48 Street 8, 000. 00 10, 475. 76 2, 475. 76)
69-49 Curb and gutter 6, 509. 00 7, 602, b3 1, 093. 63)
69-51 Street 245, 645. 00 148, 628. 03 97, 016. 97
69-52 Curb and gutter 23, 060. 00 -0- 23, Q60, 00
69-53 Water 30, 652. 00 28, 013. 00 2 639 00
69-54 Sewer 46, 421. 00 42, 166. 60 4, 254. 40
�9-55 Sewer 43, 387. 00 39, 638. 49 3, 748, 51
69- 56 Street 111, 339. 00 14, 2'70, 3? 97, 068. 63
69-57 Curb and gutter 21, 860. 00 -0- 21, 860, 00
69-58 Sewer 5, 094. 00 640. 63 453.3?
69-6p Water 8, 463. 00 7, 811. 09 651. 91
69-63 Street 7, 943. 00 7, 603. 20 339. 80
69-64 Water 17, 549. 00 15, 312. 70 2, 23b. 30
69-50 Street 14, 524. 00 14, 313. 40 210. 60
69-6? Street 25, 892. 00 30, 146, 35 4, 254. 35)
69-6$ Sewer 494. 00 5, 003. 12 490. 88
69-69 Sewer 6, 768. 00 6, 117. 00 651. 00
69-70 Water 10, 237. 00 7, 957. 44 2, 279, 56
69-71 Street 3, 617. 00 3, 167. 34 449. 66
69-72 Sewer 23, 819. 00 23, 167. 99 b51. O1
69 -73 Water 12, 406. 00 11, 477. 25 928. 75
69-74 Sewer 9, 365. 00 9, 976. 99 611. 99)
Unallocated costs 49, 174. 74 49, 174. ?4)
Unex ended A ro riations for
P PP P
Construction (To Exhibit 14) $3, 079, 575. 00 $2, 516, 651. 62 $562, 923. 33
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1974.
-44-
B ond
Redemption
Year caf Total Monies to
Fund Description of Issue Issue Issue Pavin� A�ent
-Bond Fund 1 5torm Sewe r#1 serial issue 1952 304, OOD 272, 000
Sanitary Sewer #1 serial issue 1952 48, 000 42, 000
1953 B serial issue 1953 55, 000 55, 000
1955 A 1955 A serial issue 1955 497, 000 395, 000
1956 AC 1956 C serial issue 1956 550, 000 395, 000
1957 AB 1957 A serial issue 1957 430, 000 430, 000
1957 B serial i,ssue 1957 350, 000 350, 000
1958 A 1958 A serial issue 1958 530, 000 305, 000
1958 B 1958 B serial issue 1958 390, 000 220, 000
1959 AB 1959 AB serial issue 19b0 b30, 000 315, 000
1960 AB 1960 A serial issue 1960 768, 000 408, 000
1960 B serial issue 1961 885, 000 390, 000
1961 AB 1961 A serial issue 1962 595, 000 235, 000
1961 B serial issue 1963 43Q, 000 150, 004
1963 Fund 1963 A serial issue 1964 636, 000 236, 000
1965 Fund 1965 A Improvement bonds 1966 345, 000 120, 000 i
1968 Fund 1968 Improvement bonds 1968 ?50, 000 150, 000
1969 Fund 1969 Improvement Funds 1969 755, 000 45, 000
$8,948,000 $4,513,000
(See notes to financial statements)
This statexnent is an integral part of report dated May 28, 1970.
i
-45-
Exhibit 17
City of Brooklyn Center
Special Assessment Funds
$TATEMENT OF LONG-TERM DEBT (PRINCIPAL AMOUNT OUTSTANDING)
December 31, 1969
Balance Last
Unpaid Installment
12-31-69 Due on Goupon Rates on Outstandin� Bonds
32,000 �-1-72 3.50%
6,000 1-1-73 3.20
1-1-69 3.30
102,000 1-1-76 3,25
155, 000 1-1-?7 3. 90
1-1-67 4.00
1-1-67 4.50
225, 000 1-1-79 175 M Q 4.00%; 75 M@ 3. 90%; 25 M.@ 3. 60%
170, 000 1-1-79 90 M� 3. 60%; 60 M� 3, 50%; 60 M� 3. 20%
315, 000 1-1-81 185 M Q 4. 50%; 200 M(� 4. 25%
360, 000 1-1-81 90 M@ 4. 50%; 350 M� 4. 20%
495, 000 1-1-81 315 M� 4. 20%; 180 M@ 4. 10%; 90 M@ 4. 00%
360, 000 1-1-82 150 M@ 3. ?5%; 120 M(�3. 70%; 120 M@3. 40%; 30 M@3. 00%
280, 000 1-1-84 100 M@ 3. 70%a; 120 M Q3. 60%; 80 M�3. 30%; 20 M@2. 80%
400, 000 1-1-85 75 M@ 3. 60%; 80 M@3. 50%; 90 M Q3. 40%; 245 M@3. 20%
225, 000 1-1-86 110 M� 3. 80%; 175 M Q3. 70%
600, 000 1-I-88 225 M@4, 00%; 210 M Q4.20%; 165 M�A4. 50%; 1Q0 M@4. 70%;
50 M @4. 80%
710, 000 1-1-89 6. 50% on all bonds
$4, 435, 000
-46-
ASSET5
-Current Assets
Cash on hand and in de ositories 28, 094
P
Temporary investments 71, 894
Miscellaneous receivables (net) 101
Due from other funds 93
Cash held by paying agent revenue
certificate account (Note 3) 15, 956
Merchandise inventory (valued at cost) 128, 982
Prepaid expenses 2, 555
Total Current Assets $247, b75
Fixed Assets
Provision for
Depreciation Boak
Cost Amortization Value
Fixture s and Equipment
Lyndale Avenue Sto re $11, 420 $11, 369 51
Osseo Road Store 20, 808 17, 580 3, 228
Brookdale Store 10, 935 9, 622 1, 313
Leasehold Improvements
Brookdale Store (Note 4) 16, 779 16, 779
$59, 942 $55, 350
Total Bpok Value of Fixed Assets 4, 592
Total Assets $252, 2b7
(5ee notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-47-
Exhibit 18
City of Brooklvn Center
Municipal Liquor Fund
BALANCE SHEET
December 31, 1969
r
LTABILI'TIE5 AND 5URPLU5
Current Liabilities
Accounts payable 56, $O1
Accrued sales tax payable 108
Accrued interest payable on revenue certificates 956
Accrued insurance payable 217
Accrued wages payable 1, 343
Due to othe r fund s 2, 13 5
Certificates payable portion due within one year
see below) 15, 000
Total Current Liabilities
76,560
Lon�-Term Liabilities
Revenue certificates payable (Exhibit 21) $45, 000
Less: Portion due within one year (as above) 15, 000 $30, 000
Contract payable 900
Total Long-Term Liabilities 30, 900
Total Liabilities 107 460
5urplus (Exhibit 19)
Restricted per terms of resolution authorizing
the issuance of revenue certificates (Note 3) $16, 275
Undistributed surplus 128, 532
Total Surplus 144, 807
Total Liabilities and Surplus $252, 267
r
i
t
-48-
r
Exhibit 19
G ity of B rooklyn C ente r
Municipal Liquor Fund
ANALY5IS OF CHANGES IN 5URPLUS
Year 1969
Surplus, January 1, 1969 96, 074
Add: Net income (Exhibit 20) 175, 884
Balance and Additions $271, 958
Deduct: Transfers to other Funds
General Fund 127, J.51
Surplua, December 31, 1969 (To Exhibit 18) $144, 807
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
i
_49_
Sale s
Less: Cost of sales
Gross Mar�in on Sales
O eratin Ex enses Re uirin Funds
P P q
Salaries and wages
Rent (Note 4)
Utilities and heat
Insurance
Payroll taxes
Supplie s
Repairs and maintenance
Auditing
Protection service
T e lephone
Laundry
Inventory variance and adjustments
1Vlileage
Provision for bad checks (net of recoveries)
Taxes and licenses
Miscellaneous
Breakage
Cash (over) and short
Total Operating Expenses Requirin� Funds
Net Operatin� Income Before Depreciation and Amortization
Less: Depreciation and amortization of leasehold irnprovements i
Net Ope rating 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 28, 1970.
-50- r
Exhibit 20
City of Brooklyn Center
M.unicipal Liquor Fund
STATEMENT OF INCOME AND EXPENSE
Year 1969
C ombined 1 #2 #3
To�al Lyndale Ave, Osseo Road Brpokdale
All Stores Store Store Store
$1, 247, 329 $331, 343 $516, 956 $399, Q30
941,201 253,057 392,259 2q5,$85
306,128 78,286 $124,697 $103,145
87,049 25,093 34,b95 27,26i
12,309 12,309
6,126 1,157 2,503 2,4b6
5,232 1,357 �,288 1,587
5, 824 1, 780 2, 258 1, 786
3,018 788 1,284 946
1, 194 442 462 290
r 1,090 28? 470 333
804 174 240 390
664 223 221 220
750 101 41,4 235
4�49 105 139 205
280 94 94 92
531 116 185 230
149 50 50 49
67 22 23 22
5 4 1
323 69 170 84
125,864 31,862 45,497 4$,505
180,264 46,424 79,200 54,640
2, ?46 35 1, 612 1, 099
177, 518 46, 389 77, 588 53, 54I
-r-
303
1
175, 884
-51-
Interest Revenue Certificates Principal
Certificate Coupon Outstanding Retired butstanding
Numbers Rate 1-1-69 1969 12-31-69
81-95 4. 25 $15, 000. 00 $15, 000. 00
2
96 -110 4. 5 15, 000. 00 $15, 000. 00
11�-125 4.25 15,000.00 15,.000.00
126-140 4. 25 15, 000. 00 15, 000, 00
$60, 000. 00 $15, 000. QO $45, 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 r�et revenue of all
store s
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 1 1968 at par ($1, 000) plus
accrued interest, plus premium of $30. 00 on each
certificate redeemed.
2. If redeemed on or after January 1, 1968, at par plus accrued
interest.
D. Pursuant to terms of the resolution authorizing and directing issuance
of certificates, certain covenants require a restriction of suxplus
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 28, 1970.
52-
City of B rooklYn C ente r Exhibit 21
Municipal Liquor Fund
STATEMENT OF LONG-TERM DEBT
December 31 1969
Revenue Certifi.cates Interest Coupons
Dates of Outstanding Retired =Outstanding
Maturity 1-1-69 1969 T2-31-69
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
5, 100. 00 2, 231. 25 2, 868. 75
-53-
ASSETS AND OTHER DEBITS
Plant, Eguipment and Construction Funds (Note 6)
Mains Lines 9, 818 796
Structures 442,065
Equiprnent 2$3, 565
Meters 197, 741
Land 18,821
Construction work in progress -(financed through bond issue):
Water mains $598, 331
Freeway crossings 26, 809
Water tank site 5 993 631 133,
Total Construction in Pro�ress (Note 5)
Construction funds (unexpended bond proceeds):
Investments $520, 672
Cash in checking account 584
Total Constr.uction Funds (Note 5) 521, 256
Total Plant, Equipment and Construction Funds $11, 913, 37?
Invested and 5peciatl Funds
Investments $862, 548
Deferred assessments receivable 89, 806
Debt retirement funds (Note 5):
Cash with paying agent 43, 075
Cash in account 7, 738
Investments 133, 000
Accrued interest receivable 2, 441 186, 254
Total Invested and Special Funds 1, 138, 608
Current and Accrued Assets
Cash in account 2, 291
Accounts receivable 66, 479
Accrued revenue (pumped but not billed) 42; 544
Materials and supplies 13, 947
Prepayments 2, 086
Due from other funds 10, 390
Assessments receivable 6, 382
Total Current and Accrued Assets 144, 119
Tot 1 Assets h D
a and Ot er ebits $13 196 104
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-54-
City of Brooklyn Center Exhib�t 22
Public Utilitie s Fund
BALANCE SHEET
,December 3�, 1969
TOTAL LIABILITIE5 AND OTHER CREDIT5
•Lon�-Term Debt
Revenue bonds payable (see Exhibit 27) (Note 5) 875, 000
Contracts payable (see Exhibit 27) 691,424
Surplus and Reserves Invested in Fixed Assets
From special assessment projects and contractors $9� 170, 933
Debt redeemed 190, 358
5urplus accumulated for construction 152, 389
Plant and equipment charged to income 127, 428
Depreciation provisions represented as investment
in plant (Note 6) 705, 845
Total Surplus and Reserves Invested
In Fixed Assets 10, 346, 953
Total Invested in Plant, Equipment and Construction Funds $11, 913, 377
Reserves
Depreciation provisions represented as not
invested in plant (Note 6) 382, 443
Debt service reserves (Note 5) 143, 182
Customer meter deposits held 195, 363
Reserve funds held by paying agent for: (Note 5)
Revenue bond principal $�5, 0.00
Revenue bond intexest coupons 18, 075 43, 075
Total Reserve Balances 764, 063
Current and Accrued Liabilities
V oucher s payable 34 949
Contracts and notes payable 37, $97
Accrued salaries payable 739
Accrued payroll taxes (PERA) 843�
Due to other funds 3, 261
Meter deposits due (transfers) 124
Total Current and Accrued Liabilities ?7 813
Balance of Retained Eaxnin�s (see Exhibit 23) 440, 851
Total Liabilities and Other Credits
$13, 196, 104
55-
Exhibit 23
�ity of Brooklyn Center
Fublic Utilitie s Fund
STATEMENT OF OPERATIONS AND EARNE�D SURPLUS
Year 1969
Water Sewer
Department Department Total
Operatin� Income
Residential sales $209, 039 $103, 584 $312, 623
Commercial sales 97, 539 42 965 140, 504
Other governmental unit sales 60 947 60 947
Service hookup charges 23, 101 23, 101
Penalties 592 4, 600 5, 192
Other (permits, ser�vice charges, etc. 4, 371 1, 501 5, 872
Gross Revenue $334, 642 $213, 597 $548, 239
Less Operatin� Revenue Deductions
Operating expense (Exhibits 24 25) 87 693 $14b 692 $234, 385
Depreciation (Exhibit 26) 65, 492 86, 437 151 929
Total Operatin� Revenue Deductions $153, 185 $233 129 $386 314
Net Operatin� Income $181, 45? 19, 532) $161, 925
Add: Extraneous Income
Interest income on monies invested 54, 860
Deduct: Income Deductions
Interest on long-term debt 59, 370
Redem.ption of debt 41, 0$7
Total Income Deductions 100, 457)
In me Av il ble fo Tr nsfer to Retained Earnin s
Net co a a r a $116, 328
Retained earnings January 1, 1969 328, 173
Amounts transferred from surplus to debt service reserves 3, 650)
Balance of Retained Earnin s, December 31 1969 To Exhibit 22 440 851
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-56-
Source of
5 up.Ly
Labor 7, 336
Electricity 14, $41
Purification s�pplies 6, 662
Materials 1, 123
Rent administration
Equipment operation 494
Payroll taxes
Insurance
Supplie s 1, 199
Postage
Fuel heating 817
Consulting fees
Refunds customer
P rinting 6 5
Fuel Equipment
Schools conferences
Equipment rental 42
Small tools 118
Repairs 54
Other
Mileage
Refunds of penalties
Totals 32, 751
(5ee notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
57-
Exhibit 24
City of Brooklyn Center
Public Utilitie s Fund
WATER DEPARTMENT OPERATING EXPENSES
Year 19b9
Classification By Function
Custom.er Department
Transmission Administration Accountin� Total
6, 607 18, 765 9, O61 $�i, 769
14, 841
6,662
1,269 1,324 3,716
6, 330 6 330
66 863 138 1, 561
3,248 3,248
1, 512 1, 512
30 63 3 1,295
15 2,416 2,431
817
625 625
612 612'
278 482 825
533 533
487 487
6 48
16 81 215
54
42 42
55 55
15 15
,994 34,848 12,100 87,693
-58-
Disposal
Pumpin�
Shared cost joint facilities
Minneapolis 95, 230
Crystal 3, 744
Labor 5, 250
Rent administration
Eleetricity 5, 279
Equipment operation 92
Payroll taxe s
Materials 565
Insurance
Po stage
Consulting fees
Fuel equipment
Printing
Supplie s 13 9
Repairs stations mains 130
Fuel heating 143
Equipment rental 24
Alarm system 157
Small toals
Refunds
Mileage
Schools conferences
Totals $110, 753
(See notes to financial statements)
This statement is an integral part of report da�ed May 2$, 1970.
-59-
I
ity of B ro oklyn C ente r Exhibit 2 5
P.ublic Utilities Fund
i SEWER DEPARTMENT OPERATING EXPENSES
Year 19b9
Classification By Function
Custome r Department
Transmission Administration Accountin� Total
95, 230
3 744
6, 110 9, 908 3, 972 25, 240
6,330 6,330
5, 279
853 138 1,083
1,965 1,965
1, 069 1, 634
1, 500 1, 500
15 908 923
462 462
533 533
53 28 81
38 35 212
349 479
143
231 8 263
22 179
16 6 22
1,283 1,283
56 56
i 51 5].
7, 813 23, 080 5, 04b $146, 692
60
Assets
Balance Balance
1-1-69 Additions 1�2-31-69
Water Department
Mains and lines $3, 215, 162 594, 108 809, 270
Stxuctures 403, 206 38, 859 442, 065
Consumer meters in use 169, 067 28, 674 197, 741
Equipment 269, 859 3, 676 273, 535
Total Water Department $4, 057, 294 665, 317 722, 611
Sewer Department
Mains and lines $5, 626, 115 383, 411 $6, 009, 526
Equipment 10, 030 10, 030
Total Sewer Department $5 636 145 383, 411 $6, 019, 556
Total Water and Sewer Departments $9, 693, 439 $1, 0,48, 728 $10, 742, 167
(See notes to financial staternents)
This statement is an integral part of report dated May28, 1970.
-61-
Exhibit 26
Citv of Brooklyn Center
Public Utilitie s Fund
5UMMAR Y 5TATEMENT OF PLANT AND PROPERT Y
AND PROVISION FOR DEPRECIATION
December 31, 1969
Provision for Depreciation
$alance Balance Depreciable
1-1-69 Additions Ded'ns 12-31-69 Life (Years)
$206,350 31,361 ;237,711 100
104, 267 13, 440 117, 707 30
46,343 8,761 55,104 20
'77, 787 11, 930 5, ?41 83, 976 5, 10, 20, 25
$434,747 65,492 5,741 494,498
$499 ,305 85,855 585,160 100, 45, 50
8, 048 582 8, 630
$507,353 86,437 593,790
$942,100 $151,929 5,741 $1,088,288
-62-
Revenue Bonds Payable
P rincipal Inte re st Year
Certificate Interest Outstanding Coupons Out- of
Numbers Rate 12 -31-69 standing 12-31-69 Maturity
21-25 3. ?5%0 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. ?5 30, 000. 00 29, 962. 50 1974
50-55 3. ?5 30, 000. 00 28, 837. 50 1975
56-61 3. 90 30, 000. 00 27, 690. QO 1976
62-68 3. 90 35, 000. 00 26, 422. 50 1977
6g-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
$900,000.00 $460,758.75
(See Exhibit 22)
-63-
Exhibit 2 7
Citv of Brooklvn Center
Public Utilities Fund
�TATEMENT OF LONG-TERM DEBT
(�ONDS PAYABLE CONTRACT5 PAYABLE)
I)ecember 31, 19b9
Contract PaYable Sanitary 5ewer Facilities (Installments Payable Quarterly)
Principal Intexest
Installment Interest Outstanding Included in
Number Rate 12 -31-69 Installment
I 17 3 1/2°jo on balance �4, 110. 24 6, 049. 76
18-21 3 1/2% on balance 16, 802. 95 23, 837. 05
22-25 3 1/2% on balance 17, 398. 82 23, 241. 1$
26-29 3 1/2% on balance 18, 015. 82 22, 62�4. 18
30-33 3 1/2% on balance 18, 654 69 21 985. 31
34-37 3 1/2% on balance 19, 316. 24 21, 323, 76
38-41 3 1/2% on balance 20, 001. 23 20, 63$, 77
42-45 3 1/2% on balance 20, 710. 50 19 929. 50
I 46-49 3 1/2% on balance 21, 444. 95 19, �95. 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, 8Q8. 25 16, 831. ?5
i 62-65 3 1/2% on balance 24, 652. 55 15, 987. 45
i 66-69 3 1/2% on balance 25, 526. 77 15, 113. 23
70-73 3 1/2% 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% on balance 3Q, 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% on balance 33, 734. 13 6, 905. 87
102-105 3 1/2% on balance 34, 930. 41 5, "109. 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% on balance 38, 779. 86 1, 860. 14
118-120 3 1/2% on balance 28, 803. 92 495. 26
$691 424. 04 $364, 035. 14
(See Exhibit 22)
-64-
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 l, 1982 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, 1981, premium of 1-1 /2%.
3. If redeemed January 1, 1981, or thereafter, no
premium.
C. The resolution authorizing and directiz�g the issuance of
these bonds contains certain covenants and rest"rictions
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 retixement
purposes and defines the manner in which the activities of
the Public Utilities Fund will be accounted for. Note 5 of
"Notes to Financial Statements" refers to various accounting
requirements in more detail and should be referred to.
e
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-65-
Exhibit 27
City of Brooklyn Center Cont'd
Public Utilities Fund
STATEMENT OF LONG-TERM DEBT
(BONDS PAYABLE CONTRACTS PAYABLE)
December 31, 1969
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 joint
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 inter.est at 3 1/2°jo per annum.
-66-
r
r
ASSETS
Cash on hand and in depositories
Temporary investments
Accrued revenue
PERA contributions due from enterprise funds
Taxes receivable:
Levied in 1968 collectible in 1969
Prior years' tax levies
Total Assets
LIABILITIES AND FUND BALANCES
Accounts payable
Due to other funds
Fund balances (See Exhibit 29)
Total Liabilities and Fund Balances
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-67-
Exhibit 28
City of Brooklyn Center
Trust and A�ency Funds
COMBINED BALANCE SHEET
December 31 1969
A�ent For In Tru�t
Fire Public
Department Employees' Police
C ombined Relief Retirement Pension
Total A s sociation A s sociation Fund
24,600 441 24,159
117, 548 548 117, 000
3, 274 3, 274
1, 304 1, 304
4, 490 1, 081 1, 817 1, 592
1,922 322 1,535 65
$153,138 1,403 5,645 $146,090
5, 726 5, 726
17,500 17,500
I 129,912 1,403 (17,581) $146,090
$153, 138 1, 403 5, 645 $1�46, 090
r
-68-
F B 6
und alance January 1 19 9
Add: Revenue
Real estate and personal property taxes
Insurance premium rebate
PERA contributions frorn enterprise funds:
Liquor stores
Public Utility Fund
Employee contributions
Earnings on temporary investments
Balance and Additions
Deduct: Expenditures
Payments to principal of agency
Write off tax levy balances
Fund Balance December 31, 1969
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
r
-b9-
C ity of B rooklyn C ente r Exhibit 29
Trust and A�ency Funds
COMBINED STATEMENT
OF REVENUE, EXPENDITURES AND FUND BALANCES
Year 1969
Fire Public
Department Employees' Police
Combined Relief Retirement Pension
Total Association Association Fund
91,091 801 17,451 72,839
154 242 37 328 63 438 53 476
9,417 9;417
5,088 5,088
4,646 4,646
13,982 13,982
6, 341 548 5, 793
$284,807 47,546 91,171 $146,090
154, 872) 46, 136) 108, 736
23) 16
$129, 912 1, 403 17, 581) $146, 090
i
i
_�o_
Exhibit 30
C ity of B rooklyn C ente r
Inve stment T rust Fund
BALANCE SHEET
December 31, 1969
A55ETS
Cash in depositories 7, 554
Accrued interest receivable 100, 331
Inve stment s:
Face Premium or Cost
Value (Discount) Basis
U. S, government securities $1, 340, OOD 46) $1, 339, 954
Brooklyn Center securities 26, 800 31 26, 831
Construction loan
certificates 2, 218, 000 2, 218, 000
Total Investments $3, 584, 800 15) 3, 584, ?85
Total Assets $3, 692, 670
LIABILITIES
Due contractors (Performance deposits) 30, 331
Unclaimed cagh (Law enforcement activities) 1$
Due participating funds:
Special Assessment Funds $1 664 30�
Library sales 78, 393
General Fund 417, 543
Poor Fund 1, 433
Certificate of Indebtedness Fund 2, 684
Public Employees Retirement Association Fund 549
Park Board Redemption Fund 21, 848 i
Liquor Fund 71, 894
Public Utilities Fund 862, 548
State Aid Construction Fund 438, 701
Bond Fund 81, 005
Bond Redemption Library 20, 543
Park Concession 871
Total Due to Participatin� Funds (5ee Exhibit 32) 3, 662, 321
Total Liabilities $3 692 670
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-71-
Exhibit 3I
C,ity of Brooklyn Center
Inve stment T rust Fund
STATEMENT OF EARNINGS
Year 1969
Interest Income
United 5tates government securities 83, 080
Construction loans 79, 811
Brooklyn Center securities 1, 847
Total Interest Income 164 738
Expenses
Audit 402
Net Income Distributed to Participatin� Funds $164, 336
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
1969 5. 9�% $164, 336
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 61, 129
I961 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 $836, 778
I (See notes to financiaZ statements)
This statement is an integral part of report dated May 28, 1970.
'I
-72-
Exhibit 32
G ity of B rooklyn C ente r
Investment Trust Fund
CHANGES IN PARTICIPATING FUND BALANCES
Year 1969
Balance Net Fund Income of Balance
January 1, Additions 1969 December 31,
1969 (Withdrawals) Distributed 1969
Special Assessment Funds
Sond Fund No. 1 45, 940 7, 600) 2, $08 41, 148
1955 A 141 11,300) 8,447 139,116
1956 AC 157, 484 10, 400) 9, 412 156 496
195b B: 6, 288 5, 400 437 12, 125
1957 AB 76, 576 12, 400 4, 666 93, 642
1958 A 124, 994 11, 000) 7, 501 121, 495
1958 B 182,211 13,300) 10,771 179,682
1959 AB 157, 893 15, 400) 9, 525 152, 018
1960 AB 196, ?87 45, 310 13, 034 255, 131
1961 AB 195, 656 6, 500 12, 492 214, 648
1963 A 113, 326 5, 500 7, 329 126, 155
1965 A 25, 591 2, 200 1, 962 29, 753
1966 A 1, 239 22, 862 1, 930 26, 031
1968 438 115,299 1,132 116,869
Total Special Assessment
Funds $1, 426, 392 146, 471 91, 446 $1, 664, 309
Library Sales 75, 700 2, 693 78, 393
General Fund 315, 394 81, 767 20, 382 417, 543
Poor Fund 7, 312 6, 100) 221 1, 433
Certificate of Indebtedness Fund 975 1, 425 284 2, 684
Public Employees' Retirement
Association Fund 22, 521 22, 522) 549 548
Park Bond Redemption Fund 18 996 1, 500 l, 352 21, 848
Liq,uor Fund 43,9�0 26,000 1,954 71,894
Public Utilities Fund 628, 697 193, 300 40, 551 862, 548
State Aid Construction Fund 17, 091 418, 500 3, 110 438, 701
Bond Fund 4, 015 75, 549 1, 441 81, 005
Park Concession Fund 961 200) 110 871
Bond Redemption Library 2, 720 17, 580 243 20, 543
Total All Funds $2, 489, 014 $1, 008, 970 $164, 336 $3, 662, 320
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-73-
Investments
Land and land improvementa
Building Osseo Road and 63rd Avenue
Building 65th and Lyndale
Building Municipal Hall
Building Municipal Service Building
Building Library
Building Civic Center
Buildings Other
Park properties (includes buildings)
No rthpo rt
G randview
Willow Lane
B e llvue
Garden City
Happy Hollow
Kylawn
Evergreen
Orchard
South C reek
Wangstad
Palmer Lake Terrace
B rooklane
Lions Club Park
Central Park Development
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 street)
Owners, contractors and City share
Hennepin County
Totals
(See notes to financial statements)
This statement is an integral part of report dated M�.y 28, 1970.
-74-
City of Brooklyn Center Exhibit 33
SUMMARY STATEMENT OF GENERAL FIXED AS5ETS
December 31, 1969
January 1, Year 1969 Balance
1969 Acquisitions Disposals Dec. 31, 1969
262, 884 17, 377) 245, 50?
101,614 101,614
$5, 034 85, 034
5"7, 052 57, 052
541, 663 541, 663
248,035 248,035 -0-
61, 688 61, 688
38, 293 6, 389 44, 682
124,94? 124,947
91,937 91,937
77,224 77,224
i 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
137, 562 1 37, 562
162,523 8,800 171,323
281,519 34,834 316,353
130, 911 6, 672 137, 583
47, 603 5, 067 52, 670
24, 516 4, 179 28 b95
23, 784 6, 975 6, 725 24, 034
127 127
104,219 4,821 109,040
51,353 5,728 57,081
5,086,457 1,554,560 6,641,017
$7, 411, 680 $2, 361, 561 254 760 $9 518, 481
$1,054,101 707,935 248,035 $1,514,001
895, 614 99, 066 6, 725 987, 955
304, 571 304, 571
68,406 b8,406
4,911,808 1,554,560 6,466,36$
177,180 177,180
$7,411,680 $2,361,561 254,760 $9,518,481
-?5-
Exhibit 34
C ity of B rooklyn C ente r i
SUMMARY STATEMENT
OF GENERAL LONG-TERM DEBT AND INTEREST
I December 31 19b9
Amount Available And to be Provided
Amount available in debt service funds (See Exhibit 12):
Park bond redemption fund 24, 135
Library bonds 21,002
Certificate of indebtedness redemption fund 4, 380
Building and Improvement Bonds 10, 138
On deposit with paying agents 58, 183
Total Amount Available 117, 838
Amount to be provided in future periods:
For interest �1 963 572
For principal 2, 806, 025
Total Amount to be Provided 4 769 597
Total Amount Available And to be Provided $4, 887, 435
General Debt And Interest to be Paid in Future Periods (Exhibit 35)
General debt (principal portion):
Park acquisition bonds 235, 000
Library bonds 160,000
Certificates of indebtedness 46, 400
Building and Improvement Bonds 2, 280, 000
Assessments on City properties (Note 7) 193, 880
Total General Debt (Principal Portion) $2, 915, 280
Interest payable in future periods:
Bonds and certificates 1, 972, 155
Total General Debt And Interest to be Paid in Future Periods $4, 887, 435
(See notes to financial statements)
This statement is an integral part of report dated May 28, 1970.
-76-
General Debt Principal Portion
Payment Certificates Building Assessments
Due 2'otal Park Library of Irnprovement Payable
Durin� Principal Bonds Bonds Indebtedness Bonds General
1970 62,000 20,000 10,000 19,600 12,400
1971 61,200 20,000 10,000 18,800 12,400
1 72 60 400 20 000 10 000 8 000 10 000
9 12, 400
1973 77, 400 20, 000 10, 000 35, 000 12, 400 t
1974 152,400 20,000 10,000 110,000 12,400
1975 167,400 20,000 10,000 125,000 12,400
1976 172,400 20,000 10,000 130,000 12,400
1977 182,400 20,000 10,000 140,000 12,400
1978 172,400 20,000 10,000 130,000 12,400
1979 177,400 20,000 10,000 135,000 12,400 i
1980 167,400 20,000 10,000 125,000 12,400
1981 152,400 15,000 10,000 115,000 12,400
1982 142,400 10,000 120,000 12,400
1983 147,440 10,000 125,000 12,400
1984 152,400 10,000 130,000 12,400
19g5 152,880 10,000 135,000 7,880
1986 135,000 135,000
19g7 140,000 140,000
1988 140,000 140,000
1989 150,000 150,000
1990 150,000 150,000
Totals $2, 915, 280 $235, 000 $160, 000 46, 400 $2, 280, 000 $193, 880
(See notes to financial statements)
This statement is an integral part of report dated May 28, �970.
77-
City of Brooklyn Center Exhibit 35
SCHEDULE OF
GENERAL LONG-TERM DEBT AND INTEREST BY MATURITIES
December 31, 1969
Interest Pavable
Certificates Building
Total Park Library of Improvement
Interest Bonds Bonds Indebtedness Bonds
164,778 9,194 5,825 1,559 148,200
162,836 8,396 5,455 785 148,200
160,719 7,599 5,085 160 147,875
157, 924 6, 796 4, 715 146;, 413
152, 034 5, 989 4, 345 141, 700
143,212 5,175 3,975 134,062
133, 735 4, 355 3, 605 125, 775
123, 765 3, 535 3, 230 117, 000
113,790 2,715 2,850 108,225
103, 977 i, 895 2, 470 99, b12
94, 327 1, 075 2, 090 91, 162
85, 405 332 1, 710 83, 363
77, 055 1, 330 75, 725
68,713 950 67,763
60,045 570 59,475
51, 053 190 50, 863
I 42,087 42,087
33,150 33,150
24, 0 50 24, 0 50
14, 625 ,14, 625
4, 875 4, 875
$1,972,155 57,056 48,395 2,504 $1,864,200
-78-
C ity of B ro oklyn C ente r
1VOTES TO FINANCIAL 5TATEMENT 5
Xear 1969
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 a�e a combining of t
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.
N 2• S I
ote pecial 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, e
financing of construction and the assessment of costs to property
owners are recorded within the same fund equity. Budgetary
accounts are employed to provide a means of control over ex-
penditures incurred for construction.
During 1969 appropriations and related appropriation
expenditures for certain projects which were not complete were
transferred from the 1968 Fund to the 1970 Funcl. The financing
for these projects (issuance of bonds) is arranged through the
1970 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, after total project expenditures are
verified with the finance 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. ($123.42 for the e
Year 1969 See Exhibit 16).
_79_
City of Brooklyn Center
1VOTES TO FINANCIAL 5TATEMENTS
Year 1969
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 xesidential 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 eost of the lateral xnain which
occasioned the assessment and hook-up to service has been transferred
to reduce the amount of cost originally guaranteed by the City. As
of December 31 19b9 the total amount of City guaran�ee has been
fully covered and the realization of revenue from future hook-up
charges will be credited to revenue of the Public Utilities Fund.
Note 3: Municipal Liquor Fund
The resolution authorizing the issuance of revenue certificates
contains restrictive covenants which vvere enac�ed 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 1969
cash in the amount of $16, 297 (representing $15, 956 for interest and
principal falling due on January 1, 1970) is on hand with the paying
agent.
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 1969
restricted surplus totalled $16, 275. ($15, 000 principal due
3anuary 1, 1971 and interest for the year 1970 in the amount of
$1, 275.
-80-
�Cit of Brookl n Center
Y Y
NOTES TO FINANCIAL STATEIVIENTS
Year 1969
Note 4: Municipal Liquor Fund
The Lyndale Avenue store (Store #1) and the 05seo Road
store (Store #2) are located on City owned properties. Store #3
is located in the Brookdale 5hopping Center and the premises
are occupied pursuant to terms of a lease which expires January 31,
1972. The rental for the store and warehouse facilities is fi�ed
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 i ssuance 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 152, 389
Construction expenditures paid 631, 133)
Account Balance (See Exhibit 22) 521, 256
Revenue Bond Account
Cash on hand with paying agent to
meet matured coupons and principal and
coupons maturing 1-1-70 43, 075
Accumulated amounts set aside to
meet 1970 requirements for
interest and principal
Cash in bank 7, 738
Investments and accrued
interest 58, 003 65, ?41
Account Balance 108, 816
-81-
C ity of B rooklyn C ente r
NOTES TO FINANCIAL STATEMENTS
Yeax 19b9
I
Note 5: Public Uti,litie s Fund
(Co�t'd) Reserve Account
Fa.ce value of government securities 75, 000
A summary which reconciles restricted assets with
restricted surplus and also compares restricted surplus
with restriction requirements as set forth by the resolution
authorizing the sale of revenue bonds is presented below:
Revenue
Construction $ond Reserve
Account Account Account
Assets restricted 12-31-69 (see above) $521, 256 $108, 816 75, 000
Less:
1. Liabilities payable from
restricted funds 43, 075)
2. Monies derived from
borrowing (bond issues) 368, 867)
i Restricted Assets at 12-31-69 $152 389 65 741 $?5, 000
Required per Resolution $152, 389 65, 741 75, 000
I
Note 6: Public Utilitie s Fund
The accounting system employed by the Publie 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 ixnportance 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
i and dep�ecia.tion provisions �.�e shawn on the right. Annixal
depreciation charges to income (which are non-cash expenses) have
I the effect of conserving monies or other current type assets within
the entity because they reduce the balance of retained earnings
I
il
-82-
City of Brooklyn Center
NOTE5 TO FINANCIAL STATEMENTS
Xear 1969
Note 6: Public Utilitie s Fund
(Cont'd) available for purposes of rate reduction or transfer. A portion of the
monies so conserved (or reserves accumulated) has been reir�vested
in plant facilities and accordingly these "depreciation provisions" are
segregated as to the portion of reserves which have been reinvested
in plant ($705, $45) and those amounts held in reserve ($382, 443), 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 coxnmercial
concepts which usually reflect accumulated depreciation as a reduction
against the asset cost so as to show the net remaining cost af plant
and equipment not yet amortized to expense.
Because the investment in lant and e ui ment is of such
P q P
paramount importance, the balance sheet presentation used, with
an informative emphasis on source and application of rnonies for
plant investment, is considered the most appropriate. However, if
the presentation employed usual commercial co�cepts, the Total
Plant, Equipment and Construction Funds {$11, 913. 77) would be
reflected net of depreciation provisions at a total of $10, 825, 089.
Note 7: Summary Statement of General Lon�-Term Debt and Interest
Special assessments which relate to improvements benefiting
City-owned properties total $193, 880 as of December 31 19b9
The payment for these improvements (with no interest charge) has
been scheduled over a period extending through 1985. 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.
Note 8: Richard Schieffer, the City Attorney, has advised us that as
of June 2, 1970, '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,
-83-
City of Brooklyn Center
1VOTES TO FINANCIAL STATEMENTS
Year 1969
r Note 8s Also the Cit has filed suit hi h
y w e requests a revxew and reversal
(Cont'd) 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 Cornmissioner's order is sustained there wi11 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 deeision. It
appe�.rs 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
-84-
i
S T A T I S T I C A L
I N F O R M A T I O N
S E C T I O N
i
i961
Population 25, 843 (E)
Real Property
Assessed Value:
Homestead 5, 522, 219
Excess and Non-Homestead 2, 685, 064
Total Assessed Value 8, 207, 283
Estimated Values
Full and True 28, 609, 126
Market 86,694,321
Personal Property
Assessed Value 1, 164, 640
Estimated Value:
Full and True 3, 032, 327
Market 9, 09b, 981
Total Real and Personal Property
Assessed Value 9, 371, 923
Estimated Full and True Value 31, 641, 453
Es�imated Market Value 95, 791, 302
Ratio of Total Assessed Value to Total
Estimated Full and True Value ,29619:1
I Estimated Market Value 09784:1
Per Capita Valuations
Assessed Value 362. 65
Estimated Full and True� Value 1, 224. 37
Estimated Market Value 3, 706. 66
i
-85-
Schedule 1
City of Brooklyn Center
ASSESSED VALUE AND ESTIMATED TRUE VALUE AND
MARKET VALUE OF ALL TAXABLE PROPERTY
$y Budget Years
1962 1963 1964 1965 1966 1967 1968 1969 1970
26, 858 (E) 29, 203 (E) 29, 024 (E) 30, 108 31, 500 (E) 31, 570 (E) 33, 000 (E) 34, 306 (E) 34, 717 (E)
5,735,766 5,816,001 5 6,101,889 6,262,938 6,378,859 I0,148,539 11,470,877 12,472,359
2, 831, 501 4, 106, 321 4, 432, 475 5 694 244 5, 885, 425 7, 911, 159 5, 093, 781 7, 369, 710 8, 173, 952
8,567,267 9,922,322 10,381,944 11 12,148,363 14,290,018 15 19,340,587 20,646,311
30,021,816 33,596,832 34,879,063 38,711,130 39,765,314 45,335,857 47,862,541 58,283,382 61
90,975,200 $101,808,581 $104,637,189 $116,133,390 $119,295,942 $136,007,571 $143,587,623 $174,850,146 $185,389,446
(1) (1) (1)
1, 130, 847 1, 275, 518 1, 336, 486 1, 258, 488 1, 222, 654 1, 301, 952 1, 574, 574 1, 603, 159 1, 619, 077
2, 946, 702 3, 393, 313 3, 575 949 3, 364, 504 3, 271, 781 3, 511, 171 3, 410, 110 3, 510, 323 3, 548, 068
7,940,106 10,179,939 10,727,847 10,093,512 9,815,343 10,533,513 10,230,330 10,530 10,644,2Q4
1) 1) 1)
9 11,197,840 11,718,430 13,054,621 13,371,017 15,591,970 16,816,894 20,943,746 22,265,388
32,968,518 36 38,455,012 42,075,634 43,037,095 48,847,028 51,272,651 61,793,705 65,344,550
98,915,306 $111,988,520 $115,365,036 $126,226,902 $129,111,285 $146,541,084 $153,817,953 $185,381,115 $196,033,650
29416; 1 30272: 1 30473:1 31027:1 31069: 1 31920: 1 3279�3:1 33893:1 34074:1
09804:1 09999:1 10158:1 10342:1 10356:1 10640: 1 10933:1 11298:1 11358: 1
361.09 397.04 403.75 433.59 424.48 493.89 509.60 610.50 641.34
1, 227. 51 1, 311. 57 1, 324. 59 1, 397. 49 1, 366. 26 1, 547. 26 1, 553. 72 1, 801. 25 1, 882. 21
3, 682. 90 3, 970, 80 3, 974. 82 4, 192. 47 4, 098. 77 4, 641. 78 4, 661. 15 5, 403. 75 5 646 61
(1) Includes $306, 708 exempt property for replacement tax purposes authorized by laws of 1967, Ghapter 32, extra session
-86-
MOEN PENTTILA
Area School District County
Year Voc-Tech #286 #279 #28}. #11 Special
Collectible City School (Earle Brown) (Osseo) (Robbinsdale) (Anoka) Districts
�1)
Tax Rates Mills P'er $1. 00 of ASSessed Value
1950 23;.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. O1
1953 34. 20 88. 80 61. 00 70, 00 50. 00 29. 89
1954 40.30 163.80 76.7Q 75.40 87 29 .66
1955 43.40 172.40 111.70 81.80 81.8�4 29.57
1956 42.70 175.50 120.80 95.40 85.80 �3.70
1957 44 .00 106.60 119.90 108.6�k 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 10�.95 39.32
1960 51 .00 167.56 157.64 120.10 114.70 40.14 I
1961 48.26 189.64 163.00 139.20 123.53 41.46
1962 48.54 211 179.99 158 .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. ?2 144. 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
•1969 50. 94 78 266, 63 252. 28 184. 57 265. 29 70. 00
1970 49. 65 4. 51 294. 55 295, 42 215. O1 2g7. 66 77, 18
Area Tax Levies on Property Within Brooklyn Center
Year Voc-Tech
Collectible School #286 #2Z9 #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 �,557
1954 176,165 14,335 31,718 11,203
1955 226,198 27,256 39,251 12,538
1956 290,011 36,956 68,649 15,171
1957 239,666 76 ,912 170 ,396 24,547
1958 303,466 134,960 202,292 24,298
].959 327, 639 237, 021 228, 907 30, 387
1960 427,311 465,174 248,382 42,211
1961 497,907 665,299 320 ,�97 43 ,880
19b2 551, 349 771, 611 367, 691 59, 153
19b� 587,665 830,918 524,099 76,198
19b�4 622, 578 883, 842 526, 189 1Q0, 102
1965 668,9b1 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
1968 888,684 1,200,483 901,84b 295,160
19b9 16 096 1, 238, 004 1, 724, 773 1, 317, 751 535, 263
1970 99, 033 1, 375, 490 2, 071, 747 1, 689, 434 719, 896
(1)=Formerly #118 (2)-Formerly #28 (3)=Formerly #24 (4)=Formerly #29, #220
-87-
�ity of Brooklyn Center Schedule II
TAX RATE5 AND TAX LEVIES
Years 1950 Throu�h 1970
�'otal City, School, Count and State N. H S
Y
State Dist. #286 Dist. #279 Dist, #281 Dist. #11
N. H. S. I�. S. (Earle Brown) (.Osseo) (Robbinsdale) (Anoka)
8.69 4.11 145.59 142.49 135.51 131.09
8. 52 ].2 166. 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. 28 243, 30 156. 20 154. 90 167. 06
9.15 3.93 254.52 193.82 163.92 163.96
9. 15 3. 98 261. 05 206, 35 180. 95 171.35
9. 15 3. 81 191. 62 204. 92 193. 66 181. 57
1,2. 6 .01 224.13 216.73 205.8b 187.37
12. 42 5. 90 234. 73 250. 45 218. 97 208. ?4
1�. 32 8, 10 273. 02 263. 10 225. 56 220.16
13.85 6.84 293.21 266.57 242.7? 227.10
15.51 6.39 321.04 289.44 268.14 243.45
1b.85 8.31 333.20 298.82 268.92 245.29
17.1� 8.22 345.93 309.95 270.41 255.18
16.14 6.84 340.89 321.13 280.35 270.40
],8, 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
388.35 374.00 306.29 386.23
425.89 426.76 346.35 424.49
Total Total City, Schools, County
Schools County City 5tate and State
53 697 25 421 13, 893 3, 993 97, 004
65, 599 26, 059 21 909 4, 281 117, 848
95,4&4 38,802 39,829 5,073 179,168
122, 893 66, 412 53, 678 8, 433 25i, 41:6
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 16,578 686,666
511,521 214,395 207,532 27,859 961,307
665,016 309,786 262,840 48,723 1,286,365
823,954 252,434 333,000 54,601 1,463,989
1,183,078 479,907 404,905 8�,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,q84,546
2,526,97$ 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 5,203,169
4,831,887 1,444,592 1,051,250 7,327,729
5,955,600 1,694,770 1,090,248 8,740,618
-88-
i
Schedule III
C ity of B rooklyn C ente r
NOTES TO TAX RATES AND TAX LEVIES
Years 1950 Through 1969
Tax Limitation by Statute:
$54. 00 per capita exclusive of taxes levied for local improvements
(as amended)
Debt Service not included in above limitation
Taxe s Due Date:
First Monday in January
Ta�es Delinquent Date:
Personal Property March 1- amounts over $10. 00 first half March 1, i
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%, September 6%, Octob�r 7%,
Nov�mber and December 8%, after first Monday in January 10%
Tax sale date second Monday in Niay
Taxes are collected by the County Treasurer of Hennepin �ounty
Tax collections are distributed in the proportion of the Cxty levy to all levies
i
_gq
Collections �'ercentage �ollections
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 g9. 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 97. 62 8, 082
1 65 b43 014 624 056 7.05 8,186
9 9
1966 683,060 674,19� 98.70 13,069
1967 799,792 776,663 97.11 7,710
1968 868,807 851,452 98.00 14,205
1969 1,068 1,036,863 97.06 16,612
Note: The City's taxea are the only ones included in this table.
i
_qp_
Schedule IV
City of Brooklyn Center
TA� LEVIES AND TAX COLLECTIONS
Years 1961 Throu�h 1969
�Ratio of
Accumul.ated
Ratio Delinquent
of Total Accumulated Taxes ta
Total Gollections Delinquent Current Year
�ollections to Tax Levy Taxes Tax Levy
443, 551 9995 8, 033 01810:1
460, 858 9943:1 10, 042 02167:1
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 1. 0062:1 23, 619 03458:1
784, 373 9807:1 38, 737 04843:1
865, 657 9964 45, O11 05181:1
1, 053, 475 9862;1 59, 742 05593:1
-91-
Current Specxal t
Assessments Amount Ra,tio o�
Installm.�nts Becomi.ng Collec�ed �urren�t
Fiscal Due Duxi.ng Cur�ez�tly IAuri�g Gollection� to
P�riod the Fiscal Period tl�e Fiscal Period .Amoun,t pu�
196t $38�,274 $�53,3$Q .9224:1
1962 418,706 383,20� .9152.1
1963 46Q, 329 418, 657 9095:1
1964 449,253 383,848 .8544;1
1965 444, 993 393, 593 8��5:1
1946 429,759 �94,942 .9190:1
196? 490, 39? 45$, 3�4 346:1
9
1968 505,409 466,4b6 .9229c1 t
1969 538, 959 476, 727 g8.��
-92—
Citv of Brooklyn Center Schedule V
SPECIAL ASSESSMENT COLLECTIONS
Years 1961 Throu�h 1969
�'otal Current and
Delinquent Percentage Balance
Assessments Uncollected Collected Uncollected
At Year End Throu�h 12 /31 /69 A s of 12 /31 /69
45, 796 99 3164% 2, 623
51,692 98.9634 4,336
73,472 98.4141 7,330
119,525 98,2904, 7,680
136, 775 96, 5347 15, 426
135,667 97.1588 12,212
128, 705 97. 2553 13, 45b
142, 441 96. 4959 17, ?0?
136,043 88.4536 62,232
With State Department of Lands 35, 907
-93
Penaltie s and
Interest Licenses Fines
Fiscal From and and
Period Property Taxes Permits �'arf�eitures
19b1 3,266 59,904 2�,426
1962 3 178 38, 809 27, 9?4
1963 4, 647 32, 30$ 24, 813
1964 3,168 31,026 24,215
1965 6, 489 48, 75? 22, 72�
1966 8,973 50,489 22,].26
1967 12,297 55,OQ5 2Q,416
1968 7,46� 82,098 3�,490
1969 6 2 6 77 773` 44 031
9
�-94-
Schedule VI
City of Brooklyn Center
l�EVENUES OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENT5
Years 1961 Throu�h 1969
Revenue from Charges for Revenue in Excess
Use of Current of Expenditures
Shared Money and Services and other Public Liquor
Taxes Property Revenue Utilities Stores
85, 623 12, 327 89, 880 21, 706 70, 652
92, 197 16, 084 71, 438 5, 861 82, 101
102 689 28, 451 88, 573 50 460 8g 05$
101, 578 20, 671 217, 644 83 793 99 565
122, 5$8 29, 95�4 129, 819 55, 024 106, 541
156, 536 24, 540 249, 364 109, 256 11�4, 227
232,615 40,025 118,511 125,962 125,310
325,221 82,641 113,94? 131,280 146,551
296 61 ,581 339,363 161,925 175 884
I
-95-
Schedule VZT
City of Brooklyn Center
E�PENDITURES FOR SELECTED FUNCTIqNS
Years 1961 Through 1969
Public Parks
Fiscal Ge�eral Safety and and
Period Governxnent Welfare Hi�hwavs Recxeation
1961 $150,912 $153,189 $200,075 $10�,0$2
19b2 152,644 188,179 231,871 111,1�4
1963 173,736 194,900 229,569 125,352
1964 169,019 230,102 293,301 175,449
1965 194 ,888 258, 291,306 167 042
�966 218,335 290,232 306,b16 310,219
1967 217,138 338;187 326,35? 235,834
19�8 244,010 391,394 35 4 8 3
9 2 5, 723
1969 250,841 449,426 484,154 23$,D7.1
-96-
Gross
Fiscal E stimated A s se s sed Banded
Pe riod $opulation V alue Debt
1961 25,843 9,371,923 5,354,200
r
1962 26,858 q,698,114 5,217,400
1963 28,203 11,197,840 5,396,10Q r
1964 29, 024 11, 714, 430 5, 607, 800
i
1965 30,108 13,054,621 5,188,500
1966 31,500 13,371,017 5,263,200
1967 31,570 15,591,970 4,?$4,800
196$ 33,000 16,816,894 5,068,400
1969 34,306 20,943,746 7,626,400
_97_
I�
f Schedule VZII
City af Brooklyn Center
&ATIO OF NET BONDED DEBT TO ASSESSED VALUE
t AND NET BONDED DEBT PER CAPITA
Years 1961 Throu�h 1969
Less: Amount Ratio of Net Bonded Debt to Net Bonded
in Debt Net Bonded Assessed Debt Per
Service Funds Debt Values Capita
1 �979 808 3, 374, 392 3600:1 130. 57
2,A97, 219 3, 120, 181 3217:1 116. 17
20 472 4 475 628 3996: 1 158.6
9 9
1, 031, 779 4, 576, 021 3904:1 1�7. 66
1, 591, 659 3, 596, 841 2755:1 �.19. 46
l 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 1833:1 93.40
2 2 0 •1
1, 534, 261 6, 09 1 9 9 9. 177. 58
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Sch
edule I�
E ity of B rooklyn C ente r
5TATEMENT OF LEGAL DEBT MARGZN
December 31, 1969
Assessed va1ue $20, 943, '746
Debt limit 20% of assessed value 4, 188, 749
Total bonded debt 8, 571, �400
Deductions•
1. Debt 5ervice Funds
(General Obligation) 118, 804
2. Special� Assessment
Bonds 4, 905, 000
3. Liquor Store revenue
certificates 45, 000
4. Utility revenue bonds 900, 000 5, 968, 804
Total Debt Applicable �o Debt Lixnit 2, 602, 596
Legal Debt Mar�in, December 31, 1969 1, 586, 153
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Schedule X
City of Brooklyn Center
COMPUTATION OF DIRECT AND OVERLAPPTNG DEBT
December 31 1969
City of Brooklyn Center
Share
Net Debt
G ove rnmental Unit Out standing (1) Pe r C ent 2) A mount
Gity of Brooklyn Center 6, 092, 139 I00. 00% 6, 092, 139
Hennepin County 17, 277 799 2. 5 431, 945
Hennepin County Pa.rk District 11, 255, 224 5 0 562, 761
I, S. D. No. 281 29, 723, 000 11. 6 3, 447, 868
I. S. D, No. 11 37, 047, 323 5. 3 l, 963, 508
I. S. D, No. 279 27, 330, 380 36. 7 10, 030, 249
I. S. D, No. 286 3, 025, 000 100. 00 3, 025, 000
Total Direct and Overlappin� Debt (Net of Sinkin� Funds) $25, 553, 470
(1) Gross outstanding general bonded debt less amounts in debt service funds
(2) Ratio of assessed valuation of property subject to taxation in overla ing
PP
ur�it to value of property subject to taxation in the City of Brooklyn Center
-100-
Year Principal Intere st
1961 $45,300 $18,025
1962 39, 300 16, 403
1963 33,000 14,800
1964 33,300 13,855
1965 33, 300 1,4, 977
1966 50,800 24,213
1967 59,400 22,2$0
1968 51,000 19,604
1 6 5 0 0 3
9 9 1 0 7 608
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Schedule XI
CitY of Brooklyn Center
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDZTURES
Last Nine Years
Total Total Ratio of Debt
Debt General S�rvice to General
Service Expenditures Expenditures
$63, 325 728, 149 8. 70%
55, 703 710, 212 7. 84
47, 800 772, 978 6. 1$
47, 155 882, 557 5. 34
48 277 942, 720 5. 12
75, 013 1, 335, 428 5. 62
81, 680 1, 185, 075 6. 89
70, b04 1, 369, 842 5. 15
88,608 1,497 643 5 2
.9
i
_1�2_
Net G ros s (1) Revenue
Year Revenue Expenses Available
1961 $128,428 52,873 75,555
1962 161,592 71,841 $9,751
1963 490, 524 242, 525 247, 999
1964 638,094 239,356 398,738
1965 586,979 �91,643 295,336
1966 753,829 269,371 4$�,458
1967 669,098 282,528 386,570
1968 743,316 292,818 450,�498
1969 854,367 36q,24q 494,118
(1) Excludes depreciation and intexest on bonds
r
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Schedule XII
City of Brooklyn Center
�CHEDULE OF REVENUE BOND COVERAGE
Last Nine Years
I Ratio of Net
I Debt Service Revenue to
Principal Interest Tota1 Debt Service
12,000 8,749 $20,749 3.6 to 1
5, 000 5, 448 10, 448 8. 6 to L
I3, 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
I 40, 000 36, 775 76, 775 6.4 to 1
i
t
i
'I -104-
Schedule XII.I
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1969
Date of Incorporation February 14, 19� 1
Da_te of Adoption of City Charter November 1966
Effective December 8, 1966
Form of Government Council Manage�
k'iscal Year Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 95. 84
County and State 12. 38
Federal 5. 82
Miles of Storm Sewers 35. �9
Number of Street Lights 716
Building Permits:
Number of Permits Issued:
19b9 460
1968 544
1967 4�3
1966 430
1�65 465
1950 1964 inclusive 9, 452
Estimated Co�t:
1969 $10, 441, 322
196$ $13,111,654
1967 7,922,813
1966 7,261,065
1965 $12, 046, 272
1950 1964 inclusive $9�, 362, 208
Fire Protection: i
Number of Stations 2
Number of Volunteer Firexnen 40
Police Prote.ction:
Number of Stations 1
Number of Employees 32 I
Vehicle Patrol Units 7
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l
Schedule XI�.i
C on�' d
City of Brooklyn Cez�ter
MISCELLANEOUS STATISTICAL FACTS
December 31, 1969
Parks and Recreation:
170 acres developed for regular use. 298 additional aGxes of City-
owned land designated for parks and playgrounds to bs deve�.op�ed.
Full-tixne employee s 13
Part-time employees 125 (seasoz�al)
Supervised playgrounds 1$
r Park shelters 14
Ice skating rinks 14
Hockey rinks 6
Softball diamonds 18
Baseball diamonds 4
Wading pools 2
Tennis courts 4
Basketball courts 4
Annual 1969 registration for all organized activi,ties was 15, OQO.
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 30 2 27 ],4
School buildings under
construction f 3
5chool buildings within
Brooklyn Center 1 2 2 3
Total students
registered 28, 000 2, 400 28, 099 12, 683
Students from Brooklyn
Center registered 1, 050 2, 400 lQ8 6, 127
Total square miles in
I School District 172 2. 8 30 66, 5
Square miles within
B rooklyn C ente r 1. 5 2. 8 2. 2 5 2. 5
1969 assessed
valuation 39, 850, 000 669, 804 67, 976, 209 20, 504, 205
Parochial Schools I
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s�n�au�� ��.0
C ant' d
G ity af B raok}.yn C ente r
MI5CELLANEOUS STATISTICAL k'ACTS
Decernher 31, 19�9
Municipal Water Plant:
Number of cannections 5, 627
Average daily consumption 2, 48�, 197 gallons
Peak daily consurnption QI5, OQCI gallons
Plant capacity daily T0, 480, OU0 gallons
Miles of water mains 96. 5450
Number of fire hydrants 718
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, 343
Miles of sanitary sewer 94.2223
Average daily disposal 3, 335, 235 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
1969 sales $1,244,719
C ity Employe e s:
As of December 31, 1969
Permanent or regular 102
Temporary or part-time 9�
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°jo
Po ul tion•
p a
1940 1,870
1950 4,284
1960 24,356
1965 (special census� 30, 108
1969 (Estimated) 34, 306
Estimated residential saturation point 49, 000
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