HomeMy WebLinkAboutCAFR-1997 COMPREHENSIVE
ANNUAL
FINANCIAL REPORT
of the
CITY OF BROOKLYN CENTER, MINNESOTA
7
For The Year Ended December 31, 199
MICHAEL J. MCCAULEY, CITY MANAGER
Prepared by
THE DEPARTMENT OF FINANCE
Charles Hansen, Director
Tim Johnson, Asst. Director
(Member of Government Finance Officers
Association of the United States and Canada)
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1997
TABLE OF CONTENTS
Exhibit Page
Number Number
Title Page
I. INTRODUCTORY SECTION
Table of Contents i- vi
City Officials 1
Organization Chart 2
City Manager's Letter 3
Letter of Transmittal 4- 14
Certificate of Achievement 15
II. FINANCIAL SECTION
Independent Auditors' Report 16 17
A. General Purpose Financial Statements
(Combined Statements Overview):
Combined Balance Sheet All Fund Types and
Account Groups 1 19 20
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances All Governmental
Fund Types 2 21
Combined Statement of Revenu
es, Expenditures and
Changes in Fund Balances Budget And Actual
General and Special Revenue Funds 3 22
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary
Fund Types 4 23
Combined Statement of Cash Flows
Proprietary Fund Types 5 24
Notes to Financial Statements 25 51
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1997
TABLE OF CONTENTS
StatemenU
Schedule Page
Number Number
B. Combining, Individual Fund and Account Group
Financial Statements and Schedules:
General Fund:
Comparative Balance Sheet A-1 53
Comparative Statement of Revenues,
Expenditures and Changes in Fund
Balance Budget and Actual A-2 54
Schedule of Revenues Other Financing
Sources Budget and Actual S-1 55 56
Schedule of Expenditures Other S-2 57 61
Financing Uses Budget and Actual
Special Revenue Funds:
Combining Balance Sheet B-1 63 64
Combinin Statement of Revenues
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Expenditures and Changes in Fund
Balances Budget and Actual B-2 65 66
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Housing and Redevelopment Authority Fund B-3 67
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Economic Development Authority Fund B-4 68
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
E. Brown Tax Increment Financing District Fund B-5 69
Statem�nt of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Tax Increment District No. 3 Fund B-6 70
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Citv of Brooklvn C:enter
COMPRFHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1997
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Pofice Drug Forfeiture Fund B-7 71
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget and Actual
Community Development Block Grant Fund B-8 72
Statement of Revenue
s, Expenditures and
Changes in Fund Balance Budget and Actual
City Initiatives Grant Fund B-9 73
Debt Service Funds:
Combining Balance Sheet C-1 75
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances C-2 76
Capital Projects �unds:
Combining Balance Sheet D-1 78
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances D-2 79
Project-Length Schedule of Construction
Projects Capital Improvements Fund S-3 80
Project-Length Schedule of Construction Projects
Municipal State Aid for Construction Fund S-4 81
Project-Length Schedule of Construction Projects
Special Assessment Construction Fund S-5 82
Enterprise Funds:
Combining Balance Sheet E-1 84 85
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings E-2 86 87
Combining Statement of Cash Flows E-3 88 89
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Citv of Brooklvn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1997
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Municipal
Liquor Fund E-4 90
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Golf
Course Fund E-5 91
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Earle
Brown Heritage Center Fund E-6 92
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Recycling
and Refuse Fund E-7 93
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Water
Utility Fund E-8 94
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Sanitary
Sewer Fund E-9 95
Comparative Statement of Revenues, Expenses
and Changes in Retained Earnings Storm
Drainage Fund E-10 96
Internal Service Funds:
Combining Balance Sheet F-1 98
Combining Statement of Revenues, Expenses
and Changes in Retained Earnings F-2 99
Combining Statement of Cash Flows F-3 100
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Citv of Brookivn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1997
i TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
by Source S-6 102
Schedule of General Fixed Assets
By Function and Activity S-7 103
t Schedule of Changes in General Fixed Assets
By Function and Activity S-8 104
General Long-Term Debt Account Group:
Comparative Statement of General
Long-Term Debt G 106
Summary of Debt Service Requirements
to Maturity H 107
III. STATISTICAL SECTION Table Page
Number Number
General Governmental Expenditures by Function 1 109
General Governmental Revenues and Other
Financing Sources by Source 2 110
Tax Levies and Tax Collections 3 111
Assessed Value and Estimated Market Value of All
Taxable Property 4 112
Direct and Overlapping Tax Rates and Tax Levies 5 113
Special Assessment Billings and Collections 6 114
Ratio of Net Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita 7 115
Computation of Legal Debt Margin 8 116
Computation of Direct and Overlapping Debt 9 117
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Citv of Brookivn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31. 1997
TABLE OF CONTENTS t
Table Page
Number Number
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Fund
Expenditures 10 118
Schedule of Revenue Bond Coverage 11 119
Property Value, Construction and Bank Deposits 12 120
Principal Taxpayers 13 121
Schedule of Insurance Coverage 14 122-123
Demo r hic
g ap Statistics 15 124
Miscellaneous Statistical Facts 16 125-126
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City of Brooklyn Center
CITY OFFICIALS
For the Year Ended December 31, 1997
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Myrna Kragness Four Years 12/31 /1998
Councilmember Kathleen Carmody Four Years 12/31/1998
Councilmember Debra Hilstrom Four Years 12/31/1998
Councilmember Kay Lasman Four Years 12/31/2000
Councilmember Robert Peppe Four Years 12/31/2000
APPOINTED OFFICIALS
City Manager Michael J. McCauley
City Clerk Sharon Knutson
City Treasurer Charles Hansen
City Attorney Kennedy Graven
City Prosecutor Carson Clelland
Department Heads:
Community Activities, Recreation Services James Glasoe
Community Development Brad Hoffman
Financial Services Charles Hansen
Fire/Emergency Preparedness Ronald Boman
Police Joel Downer
Public Works Diane Spector
Assessing Stephen Baker
Asst. City Manager/H.R. Director Jane Chambers
City Engineer Scott Brink
Civil Defense Coordinator Ronald Boman
Fire Marshall Ror�ald Boman
Health Officer Duane Orn, M.D.
Liquor Stores Gerald Olson
1 Public Works Superintendent Dave Peterson
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City of Brooklyn Center Organization
I ELECTORATE
City Cauncil Advisory
Commissions
r-
N I
AdmSnistration
Purchasing
Human Resources
City Atlomey City Manager Eledions
Licenses
City Clerk
Communications
Management Info Systems
J
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PUBLIC WORKS �FIRE DEPARTMENT POLICE DEPARTMENT FINANCIAL SERVICES COMMUNITY ACTIVITIES, COMMUNITY
RECREATION, AND SERVICES
i �DEVELOPMENT
-Engineering I -Fire Prevention -Patrol -Accounting
'-Street Maint I fire Supression -Investigation -Audit �-Communit Pro rams
Y 9 -Assessing
'-SanAary Sewer Emergency Preparedness -Crime Prevention -Utility Billing -Recreation Programs -Inspedions
i•Cenlrei Garage I I -Community Programs -Risk Management �-Communiry Center ;-EDA/HRA
-Stortn Sewer _J -Support Services -Liquw Stores -GoJt 61dgs -Zoning
i _Water Dept Dispatch -Golf Course �-E.B. Heritage Center
Park MaiM -Senior Transportation -Planning I
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wr rr �r r r� r� as �s r
t
City o f Brook lyn Center
A great place to start. A great pl¢ce to stay.
June 10, 1998
HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
CITY OF BROOKLYN CENTER
I hereby transmit the Comprehensive Annual Financial Report of the City of Brooklyn
Center for tne fiscal year ended December 31, 1997. Minnesota Statutes and City Charter,
Section 7.12, require that the financial statements of the City of Brooklyn Center be
audited by the State Auditor or a certified public accountant selected by the City Council.
This requirement has been complied with by the engagement of the firm of Deloitte and
Touche LLP and their report is included in the financial section of this report.
This report has been prepared following the guidelines recommended by the Government
1 Finance Officers Association of the United States and Canada. The Government Finance
Officers Association awards Certificates of Achievement for Excellence in Financial
Reporting to those governments whose Comprehensive Annual Financial Reports are
judged to conform substantially with high standards of public financial reporting, including
generally accepted accounting principles promulgated by the Governmental Accounting
Standards Board. Our financial reports for the past fourteen years have received this
award. It is my belief that the accompanying report meets program standards, and it will
be submitted to the Government Finance Officers Association for review.
Respec uliy s mitted,
Michael J. auley
r City Manag
6301 Shingle Creek Pkwy, Brooklyn Center, MN 55430-2199 City Hall TDD Number (612) 569-3300
Recreation and Community Center Phone TDD Number (612) 569-3400 FAX (612) 569-3494
1 An Affirm¢tiue Action/Equal Opportunities Employer
City of Brooklyn Center
A gredt pl¢ce to start. A great place to st¢y.
June 10, 1998
Mr. Michael J. McCauley
City Manager
City of Brooklyn Center
Dear Mr. McCauley:
The com rehensive annual financial re ort of the it of Brookl n enter for the fi c
p p C y y C s al year
ended December 31, 1997, is hereby submitted. Responsibility for both the accuracy of
the data, and the completeness and fairness of the presentation, including all disclosures,
rests with the City. To the best of our knowledge and belief, the enclosed data are
accurate in all material respects and are reported in a manner designed to present fairly
the financial position, results of operations, and cash flows of the various funds and
account groups of the City. All disclosures necessary to enable the reader to gain an
understanding of the government's financial activities have been included.
The comprehensive annual financial report is presented in three sections: introductory,
financial, and statistical. Included in the introductory section is this transmittal letter, the
government's organizational chart and a list of principal officials. The financial section
includes the general purpose financial statements and the combining and individual fund
and account group financial statements and schedules, as well as the independent
auditors' report on the financial statements and schedules. The statistical section includes
selected financial and demographic information, generally presented on a multi year basis.
The City is required to undergo an annual sin le audit in conformit with the rovisions of
9 Y p
the Single Audit Act Amendments of 1996 and the U.S. Office of Management and Budget
Circular A-133, "Audits of States, Local Governments, and Non-Profit Organizations."
Information related to this single audit, including the schedule of expenditures of federal
awards, findings and questioned costs, and independent auditors' reports on the internal
control structure and compliance with applicable laws and regulations, is issued as a
separate report.
REPORTING ENTITY
The financial reporting entity includes all funds and account groups of the primary
government (i.e., the City of Brooklyn Center as legally defined), as well as all of its
component units. Component units are legally separate entities for which the primary
government is financially accountable.
6301 Shingle Creek Pkwy, Brooklyn Center, MN 55430-2199 City Hall TDD Number (612) 569-3300
Recreation and Community Center Phone TDD Number (612) 569-3400 FAX (612) 569-3494
1 An Affirmative Action/Equal Opportunities Employer
Blended component units, although legally separate entities; are, in substance art of the
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primary government's operations and are included as part of the primary government.
Accordingly, the Economic Development Authority and the Housing and Redevelopment
Authority are reported as special revenue funds of the City of Brooklyn Center.
The City provides a full range of municipal services including public safety (police and
fire), streets, sanitation, social services, culture-recreation, public improvements, planning
and zoning, and general administrative services. The City also operates three off-sale
liquor stores, a public water and sewer utility, a golf course, and a convention center
known as the Earle Brown Heritage Center.
ECONOMIC CONDITION AND OUTLOOK
The City of Brooklyn Center is a narthern suburb of the Minneapolis/St. Paul metropolitan
area, lying adjacent to the City of Minneapolis. The City is wholly within Hennepin County
and encompasses an area of approximately 8.5 square miles. The Mississippi River forms
the City's eastern boundary.
The City experienced its most rapid growth from 1950 to 1970 when the City's population
grew from 4,300 to its peak of 35,173. The 1990 Census count for the City is 28,887, a
7.5% decline from the 1980 Census. The 1997 population, as estimated by the
Metropoiitan Council, is 28,515. In contrast to the decline in population (which is due
almost entirely to fewer persons per household), the number of housing units has generally
continued to increase from 10,493 in 1570 to 11,035 in 1980 and 11,704 in 1990. The
numbers dropped slightly in 1997 to 11,238 housing units. This was due to the removal
of some units by the City in accordance with a preplanned redevelopment effort.
Major transportation routes in and through the City, including Interstates 94 and 694,_and
State Highways 100 and 252, have provided a continued impetus for development of a
strong commercial tax base in the City.
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Commercial and industrial property comprises 54.5 /fl of the City s taxable net tax capacity.
There are five major shopping centers located in the City in addition to a large number of
retail establishments including K-Mart, Kohl's Department Store, Toys I� Us and Jerry's
New Market. A new Rainbow supermarket, with a Walgreen drugstore and a Hollywaod
Video store adjacent, opened in August 1997 on a site previously occupied by a Builder's
Square. The largest commercial property in the City is Brookdale Mall, a 1,000,000
square-foot regional shopping center anchored by Daytons, Sears, J.C. Penny's and
Mervyn's of California. The other four retail shopping centers in the City include Brookdale
Square, a 125,000 square-foot strip center plus an 8-screen theater; Shingle Creek
Center, a 157,00 square-foot building anchored by Target; Westbrook Mall, an 88,000
square-foot center anchored by Dayton's Home Store; and Brookview Plaza, a 70,000
s quare-foot center anchored b y Best Bu y.
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New construction in 1997 includes the Rainbow grocery store for $3,500,000; Walgreen
Drugstore for $700,000; Hollywood Video for $475,000; Brookdale Mitsubishi car
dealership for $900,000; Sunlight Properties, an 80,000 square-foot warehouse for
$2,200,000; and Amerclnn, an 80 unit hotel for $2,300,000. The former Days Inn hotel
was remodeled into a Holiday Inn at a cost of $2,300,000 and Medtronic recently
completed a$900,000 remodeling of their plant.
The convergence of highways in Brooklyn Center make it an attractive sight for hotels and
motels. Establishments now operating in the City or under construction include:
Americlnn, Budgetel Inn, Comfort Inn, Country Inn Suites, Hilton Hotel, Holiday Inn, and
Super 8 Motel.
1 MAJOR EVENTS OF 1997
Brooklyn Center is a mature, developed suburb which is working to revitalize itself. With
its affordable housing, exceltent schools, beautiful parks, and convenient access, it has
the potential to continue to be a vibrant community for many years to come. The
revitalization of Brooklyn Center is proceeding on three tracks; replacement and renewal
1 of the commercial areas of the City; replacement and enhancement of its aged
infrastructure, that is the streets, utilities, and parks; and the reinvigoration of
neighborhoods.
The City continued its redevelopment effort in the Brooklyn Boulevard and 69th Avenue
area with the purchase of the Brooklyn Printing site. This site, along with other City owned
land, will provide additional property for future cammercial development and roadway
improvements. Rainbow Foods completed the redevelopment of the Builders Square site
into a new grocery store (75,000 square-feet) and other leasable space. Tenants for the
new site include Walgreens Drugstore and Hollywood Video.
As part of the planned replacement of the City's infrastructure, the City is in process of
completing several major street and utility improvements for the City. These improvements
were funded by general obligation bonds sold during 1997, an operating transfer from the
general fund, and funds from the capital projects funds and utility enterprise funds.
In November 1997, the voters approved the issuance of $7,900,000 of general obligation
bonds to be used towards the construction and remodeling of City police and fire facilities.
The project is accounted for in the Capital Improvements Fund.
During 1997, the City completed phase one of the 53rd Avenue Development and Linkage
Project. The Project will create a new image and focus for the southeast neighborhood by
creating new homes, green space, and a link to the Mississippi River. Phase one of the
project required the removal of 28 housing units along 53rd which will create opportunities
for a green way and a new low-traffic roadway. Phase two of the project, scheduled for
1998, includes new owner occupied housing developed on the land not needed for the
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green way. The project is accounted for in the Economic Development Authority Fund.
In 1997, Equitable Real Estate sold Brookdale Mall to Talisman Brookdafe, LLC. Talisman
Brookdale, LLC announced a large scale remodeling and expansion plan for Brookdale
Mall for 1998 and 1999. In support of the Brookdale Mall expansion, the City received a
2.0 million dollar grant from the State of Minnesota during the 1997 legislative session to
assist with Single Creek Regional Pond project costs. The Shingle Creek Regional Pond
is a system of storm sewer and detention ponds which will provide storm water treatment
for 670 acres of residential and commercial land in Brooklyn Center and Minneapolis. This
drainage area includes the Brookdale Mall and surrounding commercial area. The project
is accounted for in the Storm Drainage Fund.
During the 1998 legislative session, the City was awarded a 2.5 million dollar grant from
the State of Minnesota for the expansion of the Earle Brown Heritage Center. The grant
will provide funding for a new parking lot and additional meeting space for the convention
center.
FINANCIAL INFORMATION
The 1997 Minnesota legislature passed levy limits on cities. The commissioner of revenue
will determine a levy limit base for each city consisting of the 1997 property tax levy and
state aids and adjust it using 1997 inflation and population increases. The new base,
minus 1998 state aids, will be the limit for 1998 property taxes. Cities will be able to
establish special levies in addition to the levy limit base for a limited number of specified
purposes, including bonded indebtedness.
The City is currently working on year 2000 computer issues as they relate to the City's
computer systems. Most of the City's critical computer applications are provided by
LOGIS, a consortium of approximately 20 government entities. LOGIS provides
computerized data processing and support services to its members. LOGIS is responsible
for all developmental costs and planning to address year 2000 issues, and they have
assured the City that this project is nearly complete. Personal computers and applications
that are supported in-house have been inventoried, and all equipment that has been found
to be non-compliant is scheduled for replacement in 1998. All systems maintenance
contracts have been reviewed and are either in compliance now, or will be when they are
renewed in the next year. The City does not foresee any additional expense with regards
to this issue, and time has been scheduled in the M.I.S. Department's project calendar to
address any remaining items.
Management of the City is responsible for establishing and maintaining internal controls
designed to ensure that the assets of the City are protected from loss, theft or misuse and
to ensure that adequate accounting data are compiled to allow for the preparation of
financial statements in conformity with generally accepted accounting principles. Internal
controls are designed to provide reasonable, but not absolute, assurance that these
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objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of
a control should not exceed the benefits likely to be derived; and (2) the valuation of costs
1 and benefits requires estimates and judgments by management.
In addition, the City maintains budgetary controls. The objective of these budgetary
controls is to ensure compliance with legal provisions embodied in the annual budget
appropriation approved by the City's governing body. Activities of the general fund and
special revenue funds are included in the annual appropriated budget. Project-length
financial plans are adopted for the capital projects funds. The level of budgetary control
(that is, the level at which expenditures cannot legally exceed the appropriated amount)
is established by department for the General Fund and at the aggregate fund level for all
other governmental funds that adopt annual budgets. Appropriations lapse at year-end
and generafly are not reappropriated in the following year's budget.
As demonstrated by the statements and schedules included in the financial section of this
report, the City continues to meet its responsibility for sound financial management.
GENERALFUND
The following schedule presents a summary of general fund budgeted revenues for 1998,
and actual revenues for the fiscal year ended December 31, 1997, compared to 1996.
General Fund Revenues and Other Financina Sources
1997 I ncrease
1998 1997 1996 (Decrease)
Budget Actual Actual from 1996
Taxes $7,587,573 $6,789,756 $6,326,012 $463,744
Reserve for tax abatements (461,866) (205,135) (256,731)
Licenses permits 364,585 485,232 402,000 83,232
Intergovernmental revenue 3,848,814 3,811,900 3,618,075 193,825
Charges for services 882,594 757,640 839,583 (81,943)
Court fines 192,000 183,270 186,761 (3,491)
Miscellaneous revenues 312,000 458,831 328,750 130,081
Other financing sources 100,000 100,000 0
Total $13,187,566 $12,124,763 $11,596,046 $528,717
Revenues and other financing sources for the General Fund totaled $12,124,763 in 1997,
an increase of $528,717 from the previous year. From the table above, it is apparent that
the major sources of revenue available for funding of general governmental functions are
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taxes and intergovernmental revenue, which when combined, provide 84% of the total
revenues. The principal sources of intergovernmental aid to the City are homestead and
agricultural credit aid of $1,308,130 and local government aid of $1,922,164.
Taxes increased $463,744 primarily due to the 1997 property tax levy increase and higher
lodging tax collections. Licenses and permits revenue increased due to higher building
related permits and liquor licenses. Intergovernmental revenue improved over 1996 due
to increases in state aids. Miscellaneous revenues increased $130,081 when comparing
1997 to 1996 primarily due to higher investment earnings and a dividend related to
workers compensation insurance premiums paid in prior years.
In 1997, voters approved a bond referendum for police and fire buildings. The property
tax levy necessary to service the bond debt for 1998 is $783,146. This new levy accounts
for the majority of the increase for the 1998 budget compared to the 1997 actual for tax
revenues. The 1998 budget does not include an operating transfer in from the Municipal
Liquor Fund. The transfer from the Municipal Liquor Fund will be made to the Capital
Improvements Fund for 1998. This change was made at the Council's direction so that
revenues for liquor operations would be used for a specific purpose capital
improvements.
In response to potential property tax abatements, the City has established a tax abatement
reserve of $1,174,810 in the General Fund. Since the early 1990's, City management has
estimated the potential future abatements on large commercial properties. The City
increased the reserve in the General Fund by $461,866 and $205,135 in 1997 and 1996,
respectively. The majority of the reserve represents one large commercial property
Brookdale Mall. The potential tax abatement to Brookdale Mall is currently under litigation
and is expected to be settled in 1998. City management believes the reserve is sufficient
to cover the potential tax abatement and accrued interest. City management estimates
that other potential tax abatements not covered by the reserve would not materially affect
the finances of the City.
The following schedule presents a summary of general fund budgeted expenditures for
1998, and actual expenditures for the fiscal year ended December 31, 1997, compared to
1996.
General Fund Ex�enditures and Other Financina Uses
1997 Increase
1998 1997 1996 (Decrease)
Budget Actual Actual from 1996
General Government $2,214,395 $1,992,251 $1,968,780 $23,471
Public Safety 5,291,443 5,089,072 5,022,324 66,748
Public Works 2,016,166 1,868,130 1,649,526 218,604
Community Service 80,104 79,800 78,442 1,358
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1997 Increase
1998 1997 1996 (Decrease)
Budget Actual Actual from 1996
Parks and Recreation 2,165,277 2,186,686 2,282,054 (95,638)
Economic Development 218,500 248,779 201,600 47,179
Non-departmental 538,794 311,436 317,148 (5,712)
Admin. Services Reimb., (715,538) (661,058) (611,534) (49,524)
Other Financing Uses 1,378,425 624,637 0 624,637
Total $13,187,566 $11,739,733 $10,908,340 $831,393
Total expenditures and other financing uses in 1997 increased by a total of $831, 393 over
1996. A large part of the increase was due to the transfers out for debt service and capital
improvements. The 1997 budget had all General Fund and Debt Service Fund real estate
tax revenues recorded in the General Fund with a corresponding transfer out to the Debt
Service Funds for payment of the current year's debt service requirements. Management
believes this allows for a clearer picture of the total city real estate tax levy. The total
amount needed for debt service was $251,315 and $139,023 for 1997 and 1996,
respectively, an increase of $112,292. The General Fund also transferred $394,197 to the
Special Assessment Construction Fund for infrastructure replacement. This transfer allows
the City to pay cash for street improvements instead of borrowing through a bond issue for
the property tax portion of the projects. The City anticipates this transfer to continue in the
future as part of the planned replacement of the City's aged infrastructure.
During 1997, the public work's personal services reimbursement was lower compared to
1996 for work done associated with capital improvements. This resulted in an increase
to the General Fund for personal services since the majority of capital improvement related
costs are charged to capital project funds. This reimbursement is highly correlated with
the level and type of construction activity for the year and may vary from year-to-year.
Park and recreation expenditures were lower due to the elimination of various recreation
programs and cost reduction efforts.
The primary reason for the increase of the 1998 budget compared to the 1997 actual is the
new debt service requirement related to the police and fire bond issue. This accounts for
$783,146 of the increase when comparing 1998 to 1997.
GENERAL FUND BALANCE
As of December 31, 1997, the fund balance of the General Fund totaled $6,601,780. This
ending fund balance is the equivalent of approximately six months of expenditures for the
1998 budget. Property taxes and inter-governmental revenue represent 84% of the
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budgeted general fund revenue for 1997. The State of Minnesota has structured city
finances so most of these revenues are received in the second half of the fiscal year.
Minnesota cities typically receive as little as 10% of their total revenues in the first six
months of the year. In recognition of this fact, a portion of the fund balance is being
designated for working capital.
ENTERPRISE OPERATIONS
The Cit 's e
y nterprise operations are comprised of seven separate and distinctive activities:
Liquor stores, Golf Course, Earle Brown Heritage Center, Recycling, Water utility, Sanitary
Sewer utility, and Storm Drainage utility.
The liquor operation is composed of three retail stores. Two stores are owned and one
is leased.
Centerbrook Golf Course is a nine hole, par three golf course owned and operated by the
City. Green fees have been increasing each year to keep pace with inflation.
The Earle Brown Heritage Center is a pioneer farmstead which has been historically
preserved and restored as a modern multipurpose facility. Its convention center can host
conferences, trade shows, and concerts seating 1,000 people in either banquet or theater
style. The Inn on the Farm is a bed and breakfast with ten rooms available. Earle's, a
unique special occasion restaurant, is also located at the Inn on the Farm. Several of the
barns have been restored as unique office settings which have found a niche in the
market. The City's policy for this enterprise is to set fees and user charges at a level which
allows the operations to break-even excluding depreciation on contributed assets.
The dwindling supply of landfill space for the disposal of garbage has become a major
concern in Minnesota. State and county mandated goals for the diversion of garbage to
recycling programs took effect in 1989. In response, the City opened a Recycling and
Refuse Fund as an enterprise fund. So far it is operating a recycling program. Expansion
into garbage collection will take place when there is clear advantage to be achieved by it.
Goals for the recycling program are being met.
The Water and Sanitary Sewer utilities are largely developed and already reach all parts
of the City. Rates for both water and sanitary sewer are reviewed annually and are
increased as needed to cover inflation and the need for new capital outlays. Three-fourths
of the sewer operating expenses are fees paid to the Metropolitan Council Environmental
Services for sewage treatment. Planned rate increases should be sufficient to keep them
both profitable.
During the 1980s, the State of Minnesota passed legislation that requires cities to take
greater responsibility for controlling storm water runoff. In response to this, the City
created a Storm Drainage Utility Fund. Its fee structure is based upon the amount of water
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discharged into the storm sewer s stem.
Y
INTERNAL SERVICE FUNDS
The Central Garage Fund was established to own and maintain all operating equipment
of the City. At present, the fund maintains some 155 pieces of rolling and non-rolling stock
equipment with a net book value of $2,492,033. Equipment maintenance, repair, fuel, and
replacement costs are provided from rental rates which the Central Garage Fund charges
City operating departments for the use of the equipment.
The Public Employees Retirement Fund was established to provide certain health care
benefits for qualifying City employees who retire before age 65. The fund had cash and
investments of $1,182,216 at the 1997 year-end.
DEBT ADMINISTRATION
At December 31, 1997, the City had eleven debt issues outstanding. These issues include
$10,025,000 of general obligation bonds, $3,920,000 of special assessment debt with
government commitment, $1,565,00 of general obligation revenue bonds and $12,425,000
of general obligation tax increment bonds. The City maintained its A-1 rating from Moody's
Investors Service.
The City issued $1,075,000 of special assessment bonds and $7,900,000 of general
t obligation bonds during 1997. The special assessment bond issue provided financing for
various improvement projects in the City. The general obligation bond issue will be used
towards the construction and remodeling of City police and fire facilities.
CASH MANAGEMENT
The Finance Department keeps abreast of current trends and procedures for cash
management and forecasting so as to ensure efficient and profitable use of the City's cash
resources. Cash is invested only in investments authorized by Minnesota Statutes
Chapter 118A. The yield on investments ranged from a high of 7.7 percent to a low of 4.8
percent. Interest earned during 1997 amounted to $1,912,748 compared to $2,161,057
during 1996. The City adopted a written investment policy in 1990 and adopted an
updated policy in 1997. The policy's objectives are to minimize credit and market risk,
provide needed liquidity, and maintain a competitive yield on the portfolio.
All deposits were either insured by federal depository insurance or collateralized.
Investment securities are held in a custody arrangement with a bank trust department. All
investments are listed in the lowest custodial credit risk category, Category 1. Cash and
investment balances from all funds are combined and invested to the extent available in
12
authorized investments. Earnings from securities are allocated to the various funds in
proportion to their relative cash book balances. In the recent past, the City has not needed
to use any short-term debt and does not anticipate such a need in the future.
The City has not purchased any collateralized mortgage obligations, derivatives, or
interest only strip investments. Our practice is to hold investments to maturity. The only
reason to sell prior to maturity is an unforeseen cash flow need. In the past five years,
there has been only one occasion where an investment was sold prior to maturity. Of the
City's portfolio as of December 31, 1997, 64°lo matures within 1 year, another 16% in the
second year, 9% in the third year, 5% in the fourth year, and the last 6% in the fifth through
the tenth years.
The City has chosen to adopt the provisions of GASB Statement No. 31, Accounting and
Financia/ Reporting for Certain /nvestments and for External Investment Poo/s in 1998 as
required by the statement. If GASB Statement No. 31 had been adopted for 1997, the City
would have recorded an unrealized gain on investments held at December 31, 1997 of
$88, 974.
GASB Statement No. 32, Accounting and Financia/ Reporting for Interna/ Revenue Code
457 Deferred Compensation P/ans, establishes reporting requirements for IRC Section 457
plans. IRC Section 457 was revised in 1996 to require that qualifying plans hold the
assets and income "...in trust for the exclusive benefit of participants and their
beneficiaries..." Consequently, the City has no legal access to these assets. Therefore,
in accordance with the requirements for GASB Statement No. 32, the City has restated
total assets and liabilities of our Agency Fund by removing $3,593,460 of Section 457
Deferred Compensation assets and related liabilities originally reported at December 31, r
1996. Adopting the change also eliminated the City's need for a trust and agency fund.
RISK MANAGEMENT
The City insures all significant risk. A schedule of such insurance is included in the
Statistical Section.
INDEPENDENT AUDIT
The City Charter and State Statutes require the Council to provide for an audit of the
financial transactions of the City. Deloitte Touche LLP has been retained for that
purpose and their unqualified opinion has been included in this report.
CERTIFICATE OF ACHIEVEMENT
The Government Finance Officers Association of the United States and Canada (GFOA)
13
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of
Brooklyn Center for its comprehensive annual financial report for the fiscal year ended
December 31, 1996.
In order to be awarded a Certificate of Achievement for Excellence in Financial Reporting,
a governmental unit must publish an easily readable and efficiently organized
comprehensive annual financial report, whose contents conform to program standards.
Such reports must satisfy both generally accepted accounting principles and applicable
legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our current
report continues to conform to Certificate of Achievement Program requirements, and we
are submitting it to GFOA to determine its eligibility for another certificate.
ACKNOWLEDGMENTS
We want to express our appreciation to the Finance Department staff for the assistance
provided during the audit. We also wish to express our appreciation to the City Manager
and the Mayor and members of the City Council for their continued interest and support
in planning and conducting the financial operations of the City in a responsible and
progressive manner.
Respectfully submitted,
�'l a.�n.a..e.�
Charles Hansen
Director of Finance
�,(.t� r
Tim Johnson
Assistant Director of Finance
14
rtlf� t f
�e ca o
1
Achlev���nt
1
f r Ex�e__en�
e
1
In Flna�cla_
i
�e��rt�r�
1
Presented to
Cit of �r�ok_yn Center,
1
Minnesota
For its Comprehensive Annual
Financial Report 1
for the Fiscal Year Ended
December 31 1996 1
a Certificate of Achievement for E�cellence in Financial
Reporting is preser.ted by the Government F�nance Officers
Association of tne United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
repor±s (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
e���+
�c��' Of THE ��'9�r�'r�
J FUNITE�J STATES y 4,� l 1
s, ANO c
Z�, �"a°a P resident
G0 3 LT, ��a S
�'y, 4�
�HICAG� ..s�' 1 y
J
Executive Director
1
1
De oitte
Touche «P
400 One Financial Plaza Telephone: (612) 397-4000
120 South Sixth Street Facsimile: (612) 397-4450
Minneapolis, Minnesota 55402-1844
INDEPENDENT AUDITORS' REPORT
The Honorable Mayor and Members
of the City Council of the
City of Brooklyn Center, Minnesota
We have audited the accompanying general purpose financial statements of the City of Brooklyn Center,
Minnesota (the City) as of December 31, 1997 and for the year then ended, listed in Section IIA of the
foregoing table of contents. These general purpose financial statements are the responsibility of the
City's management. Our responsibility is to express an opinion on these general purpose financial
statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards and the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the general purpose financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the general purpose financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, such general purpose financial statements present fairly, in all material respects, the
financial position of the City of Brooklyn Center, Minnesota at December 3l, 1997 and the results of its
operations and cash flows of its propnetary fund types for the year then ended in conformity with
generally accepted accounting principles.
As discussed in Note 1L, the City adopted Government Accounting Standards Board Statement No. 32,
Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation
Plans.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The accompanying combining and individual fund and account group
financial statements and schedules listed in the foregoing table of contents, which are also the
responsibility of the City's management, are presented for purposes of additional analysis and are not a
required part of the general purpose financial statements of the City. Such financial statements and
schedules have been subjected to the auditing procedures applied in our audit of the general purpose
financial statements and, in our opinion, are fairly stated in all material respects when considered in
relation to the general purpose financial statements taken as a whole.
DeloitteTouche
Tohmatsu
In accordance with Government Auditing Standards, we have also issued our report dated May l, 1998
on our consideration of the City of Brooklyn Center's internal control over financial reporting and our
tests of its compliance with certain provisions of laws, regulations, contracts, and grants.
May 1, 1998
2
City of Brooklyn Center, Minnesota
GENERAI,,. PURPnSE FINANCIAL STATEMENTS.
The general purpose financial statements are intended to provide a financial overview of
municipal operations. These reports are at a summary level and include that data needed
to control and analyze current operations to determine compliance with legal and
budgetary limitations and to assist in the financial planning process.
18
City of Brooklyn Center
All Fund Types and Account Groups
COMBINED BALANCE SHEET
December 31, 1997
Governmental Fund Types
Special Debt Capital
General Revenue Service Projects
ASSETS AND OTHER DEBITS
Assets:
Cash and cash equivalents (Note 2) $2,576,390 $1,150,410 $1,162,128 $4,905,606
Investments (Note 2) 5,729,955 2,566,040 1,025,004 10,942,150
Receivables:
Accounts 51,154 5,750 16,426
Delinquent taxes (Note 1J) 179,799 8,765
Special assessments 6,290 1,513,799 715,578
Due from other funds (Note 9) 337,154 136,017 50,806 576,600
Due from other governments 91,192 41,124 135,564
Inventories and supplies (Note 1G)
Prepaid expenses
Advances to other funds (Note 9) 105,074 1,827,453
Fixed assets (net of accum depr. where applicable) (Note 3)
Other debits:
Amount available in Debt Service Funds
Amount to be provided for General Long-Term Debt
Total Assets and Other Debits $9,077,008 $3,908,106 $3,751,737 $19,119,377
LIABILITIES. EQUITY AND OTHER CREDITS
Liabilities:
Accounts payable $290,040 $14,808 $389 $92,964
Contracts payable 300,021
Due to other funds (Note 9) 715,577
Accrued salaries and wages 222,479 4,157 2,577
Accrued vacation sick pay (Note 1H) 601,810 22,757
Accrued health insurance
Accrued interest payable
Advances from other funds (Note 9) 698,143
Deferred revenue (Note 1J) 1,360,899 8,765 1,513,799 819,728
General obligation bonds payable (Note 6)
Special assessment bonds with governmental commitment (Note 6)
Revenue bonds payable (Note 6)
Total Liabilities 2,475,228 �48,630 1,514,188 1,930,867
Equity and Other Credits:
Contributed capital (Note 4)
Investment in general fixed assets
Retained earnings: (Note 8 10)
Reserved
Unreserved
Fund Balances: (Note 8 10)
Reserved 105,074 2,945,726 2,237,549 9,392,353
Unreserved:
Designated 5,516,204
Undesignated 980,502 213,750 7,796,157
Total Equity and Other Credits 6,601,780 3,159,476 2,237,549 17,188,510
Total Liabilities, Equity and Other Credits $9,077,008 $3,908,106 $3,751,737 $19,119,377
See notes to financial statements 1 9
EXHIBIT 1
Totals
Proprietary Fund Types Account Groups (Memorandum Only)
General General
Internal Fixed Long-Term December 31,
Enterprise 5ervice Assets Debt 1997 1996
$1,814,641 $1,582,591 $13,191,766 $8,634,385
3,222,585 3,530,032 27,015,766 24,845,577
1,159,340 4,160 1,236,830 1,5'f3,020
188,564 208,862
330,747 2,566,414 2,125,826
1,100,577 2,665,700
87 455,051 436,662
340,381 6,090 346,471 392,219
142,039 142,039 159,568
1,932,527 1,959,413
36,326,136 2,492,033 $14,495,672 53,313,841 50,846,863
$2,237,549 2,237,549 2,260,484
24,132,451 24,132,451 16,269,516
$43,523,040 $7,614,906 $14,495,672 $26,370,000 $127,859,846 $112,318,095
$321,797 $11,678 $731,676 $864,354
151,056 451,077 864,622
385,000 1,100,577 2,484,939
56,312 6,404 291,929 263,174
66,965 26,502 718,034 702,342
1,218,229 1,218,229 1,047,920
32,994 32,994 35,835
1,234,384 1,932,527 1,959,413
3, 703,191 2,850,683
$22,450,000 22,450,000 15,500,000
3,920,000 3,920,000 3,030,000
1,565,000 1,565,000 1,720,000
3,813,508 1,262,813 26,370,000 38,115,234 31,323,282
20,850,160 3,467,673 24,317,833 24,687,240
$14,495,672 14,495,672 14,538,095
571,137 571,137 567,521
18,288,235 2,884,420 21,172,655 19,296,663
14,680,702 7,137,287
5,516,204 5,665,070
8,990,409 9,102,937
39,709,532 6,352,093 14,495,672 89,744,612 80,994,813
$43,523,040 $7,614,906 $14,495,672 $26,370,000 $127,859,846 $112,318,095
Z�
City of Brooklyn Center EXHIBIT
All Governmental Fund Types
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1997
Totals
Special Debt Capital (Memorandum Only)
Revenues General Revenue Service P�ojects 1997 1996
Taxes and special assessments $6,327,890 $2,213,886 $253,169 $765,532 $9,560,477 $9,706,378
Licenses and permits 485,232 485,232 402,000
Intergovernmental 3,811,900 530,922 308,988 470,605 5,122,415 5,969,419�
Charges for services 757,640 757,640 839,583
Court fines 183,270 183,270 186,761
Investmentearnings 354,597 255,551 72,220 571,795 1,254,163 1,380,779
Miscellaneous 104,234 34,734 4,927 143,895 46,600�
Total Revenues 12,024,763 3,035,093 634,377 1,812,859 17,507,092 18,531,520
Exoenditures
Current:
General government 1,992,251 255 1,992,506 1,968,780
Public safety 5,089,072 18,777 5,107,849 5,022,32h
Public works 1,868,130 1,868,130 1,649,526
Community services 79,800 79,800 78,442
Parks and recreation 2,186,686 26,104 2,212,790 2,282,054
Economic development 248,779 1,102,240 1,351,019 700,522�
Non-departmental 311,436 311,436 317,148
Administrative Services Reimbursement (661,058
(661,058) (611,534)
Capital outlay 2,126,026 2,707,295 4,833,321 5,814,123
Debt service:
Principal retirement 1,135,000 1,135,000 5,125,000.
Interest and fiscal charges 1,019,188 50,090 1,069,278 1,285,416
Total Expenditures 11,115,096 3,273,402 2,154,188 2,757,385 19,300,071 23,631,801.�
Excess or Deficiency(-) of Revenues Over Expenditures 909,667 (238,309) (1,519,811) (944,526) (1,792,979) (5,100,281)
Other Financina Sources or Uses(-1
Proceeds from sale of bonds 63,818 8,911,182 8,975,000 1,430,486�
Operating transfers in 100,000 577,895 1,730,440 567,950 2,976,285 5,653,524
Operating transfers out (624,63� (2,077,895) (173,753) (2,876,285) (5,553,524;�
Total Other Financing Sources or Uses(-) (524,63� (1,500,000) 1,794,258 9,305,379 9,075,000 1,530,486
Excess or Deficiency(-) of Revenues and Other
Sources Over Expenditures and Other Uses 385,030 (1,738,309) 274,447 8,360,853 7,282,021 (3,569,795
Fund Balances January 1 6,522,498 4,892,037 2,260,484 8,230,275 21,905,294 25,475,089
Equity Transfers In (Out) (3Q5,748) 5,748 (297,382) 597,382
Fund Balances December 31 $6,601,780 $3,159,476 $2,237,549 $17,188,510 $29,187,315 $21,905,294
(See notes to financial statements)
21
EXHIBIT 3
City of Brooklyn Center
General and Special Revenue Funds
COMBINED STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL
For the Year Ended December 31, 1997
General Fund Special Revenue Funds
Actual Over Actual Over
Under(-) Under(-)
Budget Actual Budget Budget Actual Budget
Revenues
Taxes and special assessments $6,764,878 $6,327,890 ($436,988) $1,989,326 $2,213,886 $224,560
Licenses and permits 300,160 485,232 185,072
Intergovernmental 3,762,484 3,811,900 49,416 493,108 530,922 37,814
Charges for services 905,944 757,640 (148,304)
Court fines 192,000 183,270 (8,730)
Investment earnings 270,000 354,597 84,597 105,000 255,551 150,551
Miscellaneous 62,600 104,234 41,634 30,322 34,734 4,412
Total Revenues 12,258,066 12,024,763 (233,303) 2,617,756 3,035,093 417,337
Exoenditures
General government 2,116,120 1,992,251 (123,869) 10,000 255 (9,745)
Public safety 5,297,175 5,089,072 (208,103) 106,847 29,461 (77,386)
Publicworks 1,991,769 1,868,130 (123,639)
Community services 80,000 79,800 (200)
Parks and recreation 2,362,742 2,186,686 (176,056) 112,308 26,104 (86,204)
Economic development 249,570 248,779 (791) 3,326,989 3,217,582 (109,407)
Non-departmental 377,200 311,436 (65,764)
Admin. Services Reimbursement (699,141) (661,058) 38,083
Total Expenditures 11,775,435 11,115,096 (660,339) 3,556,144 3,273,402 (282,742)
Excess or Deficiency(-) of Revenues
Over Expenditures 482,631 909,667 427,036 (938,388) (238,309) 700,079
Other Financina Sources or Usesf-1
Operating transfers in 100,000 100,000 398,454 577,895 179,441
Operating transfers out (624,637) (624,637) (1,898,454) (2,077,895) (179,441)
Total Other Financing Sources or Uses(-) (524,637) (524,637) 0 (1,500,000) (1,500,000) 0
Excess or Deficiency(-) of Revenues and Other
Sources Over Expenditures and Other Uses (42,006) 385,030 427,036 (2,438,388) (1,738,309) 700,079
Fund Balances January 1 6,522,498 6,522,498 4,892,037 4,892,037
Equity Transfer In (Out) (305,748) 5,748 5,748
Fund Balances December 31 $6,480,492 $6,601,780 $427,036 $2,453,649 $3,159,476 $705,827
(See notes to financial statements)
22
City of Brooklyn Center EXHIBIT 4
Proprietary Fund Types
COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For the Year Ended December 31, 1997
Internal Totals
Enterprise Service (Memorandum Only)
Ooeratina Revenues Funds Funds 1997 1996
Sales and user fees $10,327,518 $1,182,530 $11,510,048 $11,704,274
Cost of sales 2,698,882 2,698,882 2,565,231
Net Operating Revenues 7,628,636 1,182,530 8,811,166 9,139,043
Oderatinq Expenses
Personal services 2,438,518 425,558 2,864,076 2,697,802
Supplies 281,867 222,057 503,924 527,246
Other services 2,737,667 67,197 2,804,864 2,774,730
Insurance 60,252 28,084 88,336 102,680
Utilities 313,733 313,733 331,150
Rent 81,415 81,415 92,774
Depreciation 902,717 442,416 1,345,133 1,210,877
Total Operating Expenses 6,816,169 1,185,312 8,001,481 7,737,259 r
Operating Income (Loss) 812,467 (2,782) 809,685 1,401,784
Nononeratino Revenues or Exnenses
Investment earnings 368,582 290,003 658,585 777,001
Special assessments 48,822 48,822 (6,248)
Other revenue 117,166 117,166 15,197
Interest and fiscal agent fees (180,841) (180,841) (190,342)
Total Net Nonoperating 353,729 290,003 643,732 595,608
Income Before Operating Transfers 1,166,196 287,221 1,453,417 1,997,392
Operating Transfers Out (100,000) (100,000) (100,000)
Net Income 1,066,196 287,221 1,353,417 1,897,392
Depreciation on contributed assets that
reduces contributed capital 348,738 177,453 526,191 523,052
Retained Earnings January 1 17,444,438 2,419,746 19,864,184 17,443,740
Retained Earnings December 31 $18,859,372 $2,884,420 $21,743,792 $19,864,184
(See notes to financial statements)
23
City of Brooklyn Center EXHIBIT 5
Proprietary Fund Types
COMBINED STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1997
Internal Totals
Enterprise Service (Memorandum Only)
Cash flows from ooeratina activities: Funds Funds 1997 1996
Operating income (loss) $812,467 ($2,782) $809,685 $1,401,784
Adjustments to reconcile operating income (loss) to
net cash provided by operating actvities:
Depreciation 902,717 442,416 1,345,133 1,210,877
Changes in assets and liabilities:
Receivables 199,927 1,443 201,370 43,079
Inventories 38,678 7,070 45,748 (25,585)
Prepaid expenses 17,529 17,529 (16,357)
Payables 27,409 84,886 57,477
(791,446)
Accrued expenses 7,988 301 8,289 30,110
Accrued interest payable (2,841) (2,841) (1,925)
Accrued health insurance liability 170,309 170,309 60,839
Other nonoperating income 165,988 165,988 8,949
Net cash provided by operating activities 2,169,862 533,871 2,703,733 1,920,325
Cash flows from noncapital financino activities:
Proceeds from borrowings on advance from other funds
Proceeds from borrowings on due to other funds 0 177,005
Principal payments on advance from other funds (203,891) (203,891) (36,402)
Principal payments on due from other funds (200,000) (200,000) (10,755)
Interest paid on advance from other funds (64,436) (64,436) (67,673)
Interest paid on due to other funds (27,148) (27,148) (35,979)
Operating transfers out (100,000) (100,000) (100,000)
Net cash used for noncapital financing activities (595,475) (595,475) (73,804)
Cash flows from ca�ital and related financina activities:
Capital contributions 156,784 156,784 354,085
Acquisition and construction of capital assets (3,351,103) (503,431) (3,854,534) (5,315,303)
Principal paid on revenue bonds (155,000) (155,000) (110,000)
Interest paid on revenue bonds (89,257) (89,257) (86,690)
Net cash used for capital and related financing activities (3,438,576) (503,431) (3,942,007) (5,157,908)
Cash flows from investinq activities:
Investments purchased (2,364,424) (1,790,000) (4,154,424) (1,926,573)
Investments sold or matured 3,905,211 1,877,654 5,782,865 5,933,523
Interest on investments 368,582 290,003 658,585 777,001
Net cash provided by investing activities 1,909,369 377,657 2,287,026 4,783,951
Net increase in cash and cash equivalents 45,180 408,097 453,277 1,472,564
Cash and cash equivalents at beginning of year 1,769,461 1,174,494 2,943,955 1,471,391
Cash and cash equivalents at end of year $1,814,641 $1,582,591 $3,397,232 $2,943,955
(See notes to financial statements)
24
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 1997
Note 1: Summarv of Sianificant Accountina Policies
The City of Brooklyn Center, Minnesota (City) was formed and operated pursuant
to applicable Minnesota laws and statutes. The governing body consists of a five-
member City Council elected at large to serve four-year staggered terms.
A. Re�ortina Entit�
The City includes all funds, organizations, institutions, agencies, departments and
offices that are not legally separate from such. Component units are legally
separate organizations for which the elected officials of the City are financially
accountable and are included within the general purpose financial statements of the
City because of the significance of their operational or financial relationships with
the City.
BLENDED COMPONENT UNITS:
Blended component units, although legally separate entities, are, in substance, part
of the government's operations and so data from these units are combined with data
of the primary government.
Economic Develo ment Authorit EDA and Housin and Redevelo ment Authorit
p Y( 9 p Y
(HRA) in and for the City of Brooklyn Center:
The governing boards are the City Council. The Council reviews and approves
EDA and HRA tax levies, and the City provides major community development
financing for EDA and HRA activities. Debts issued for EDA and HRA activities are
City general obligations. A{though the EDA and HRA are legafly separate from the
City, they are reported as if they were part of the City because the governing
boards are the same. Complete financial statements for the EDA and HRA may be
obtained at the City offices located at 6301 Shingle Creek Parkway, Brooklyn
Center, Minnesota 55430.
JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS:
The City has several agreements with governmentat and other entities which
provide reduced costs, better service, and additional benefits to the participants.
These programs, which the City participates in, are listed below and amounts
recorded within the current year financial statements are disclosed.
25
Note 1: Summarv of Sianificant Accountina Policies (cont'dl
Local Government Information Systems Association (LOGiS):
This consortium of approximately 20 government entities provides computerized
data processing and support services to its members. LOGIS is legally separate;
the City does not appoint a voting majority of the Board, and the Consortium is
fiscally independent of the City. The total amount recorded within the 1997
financial statements of the City was $299,050 for services provided which is
allocated to the various funds based on applications. Comptete financial
statements may be obtained at the LOGIS offices located at 2700 Freeway
Boulevard, Suite 300, Brooklyn Center, Minnesota 55430.
LOGIS Insurance Group:
This group provides cooperative purchasing of health and life insurance benefits
for approximately 45 government entities. The total 1997 employee insurance
benefits expense, including health and life insurance, recorded within the financial
statements was $561,972. Complete financial statements may be obtained from
DCA, Inc. located at 400 DCA Center, 13100 Wayzata Boulevard, Minnetonka, MN
55305-1840.
OTHER:
The Brooklyn Center Fire Department Relief Association (Association):
The Association is organized as a nonprofit organization, legally separate from the
City, by its members to provide pension and other benefits to such members in
accordance with Minnesota Statutes. Its board of directors is appointed by the
membership of the Association and not by the City Council and the Association
issues their own set of financial statements. All funding is conducted in accordance
with applicable Minnesota Statutes, whereby state aids flow to the Association, tax
levies are determined by the Association, and are only reviewed by the City and the
Association pays benefits directly to its members. The Association may certify tax
levies to Hennepin County directly if the City does not carry out this function.
Because the Association is fiscally independent of the City, the financial statements
of the Association have not been included within the City's reporting entity. (See
Note 15 for disclosures relating to the pension plan operated by the Association.)
The City's portion of the costs of the Association's pension benefits is included in
the General Fund under public safety. Complete financial statements for the
Association may be obtained at the City offices located at 6301 Shingle Creek
Parkway, Brooklyn Center, Minnesota 55430.
26
Note 1: Summarv of Sianificant Accountina Policies (cont'dl
B. Fund Accountinq
The accounts of the City are organized on the basis of funds and account groups,
each of which is considered a separate accounting entity. The operations of each
fund are accounted for with a separate set of self-balancing accounts that comprise
its assets, liabilities, fund equity, revenues, and expenditures or expenses, as
appropriate. Government resources are allocated to and accounted for in individual
funds based upon the purposes for which they are to be spent and the means by
which spending activities are controlled. The various funds are grouped, in the
financial statements in this report, into six generic fund types and two broad fund
categories as follows:
GOVERNMENTAL FUNDS:
General Fund The General Fund is the general operating fund of the City. It is
used to account for all financial resources except those required to be accounted
for in another fund.
Special Revenue Funds Special Revenue Funds are used to account for the
proceeds of certain specific revenue sources that are legally restricted to
expenditures for specified purposes.
Debt Service Funds Debt Service Funds are used to account for the accumulation
of resources for, and the payment of, general long-term debt principal, interest and
related costs.
Capital Projects Funds Capital Projects Funds are used to account for financial
resources to be used for the acquisition or construction of major capital facilities,
other than those financed by proprietary funds.
PROPRIETARY` FUNDS:
Enterprise Funds Enterprise Funds are used to account for operations that are
financed and operated in a manner similar to private business enterprises where
the intent is that the costs (expenses, including depreciation) of providing goods or
services to the general public on a continuing basis be financed or recovered
primarily through user charges.
Internal Service Funds Internal Service Funds are used to account for the
financing of goods or services provided by one department to other departments of
the City on a cost reimbursement basis. r
27
I
Note 1: Summarv of Sianificant Accountina Policies (cont'dl
C. Fixed Assets and Lon4-Term Liabilities
The accounting and reporting of fixed assets and long-term liabilities associated
with a fund are determined by its measurement focus. All governmental funds are
accounted for on a spending or "financial flow" measurement, which means that
only current assets and current liabilities are generally included on their balance
sheets. Their reported fund balance is considered a measure of "available
spendable resources." Governmental fund operating statements present increases
(revenues and other financing sources) and decreases (expenditures and other
financing uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a period.
Fixed assets used in governmental fund type operations are accounted for in the
General Fixed Assets Account Group, rather than in the governmental funds.
Public domain general fixed assets consisting of certain improvements other than
buildings, including roads, curbs and gutters, streets and sidewalks, drainage
systems, and lighting systems have been excluded from general fixed assets, as
such items are immovable and of value only to the City. No depreciation has been
provided on general fixed assets.
All fixed asse a
ts re valued at historical cost or estimated histoncal cost if histoncal
cost is unavailable. Donated fixed assets are valued at their estimated market
value as of the date donated.
The fixed assets of the proprietary funds are depreciated using the straight-line
method over the estimated useful lives of the assets. The estimated useful lives are
as follows:
Water Sewer Mains Lines 100 years
Buildings and Structures 20-40 years
Water Wells and Storage Tanks 15-50 years
Sewer Lift Stations 15-40 years
Machinery and Equipment 5-20 years
Furniture and Fixtures 5-20 years
Public Utility assets financed by special assessments are recorded as contributions.
28
Note 1: Summarv of Siqnificant Accountina Policies (cont'dl
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
governmental funds.
All ro rieta funds are accounted for on a flow of economic res�urces
p P rY
measurement focus. With this measurement focus, all assets and all liabilities
associated with the operations of these funds are included on the balance sheet.
Fund equity (e.g., net total assets) is segregated into contributed capital and
retained earnings components. Proprietary fund-type operating statements present
increases (e.g., revenues) and decreases (e.g., expenses) in net total assets.
D. Basis of Accountina
Governmental funds are accounted for using the modified accrual basis of
accounting. Their revenues are recognized when they become measurable and
available. Available means collectible within the current period or soon enough
thereafter to be used to pay liabilities of the current period.
Major revenues that are susceptible to accrual include taxes, special assessments,
intergovernmental revenues, charges for services, and investment earnings.
Major revenues that are not susceptible to accrual include licenses and permits,
fees and miscellaneous revenues; such revenues are recorded only as received
because they are not measurable until collected. Interest on special assessments
is recognized as revenue when due, net of delinquencies.
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred, except for principal and
interest on general long-term debt which is recognized when due.
All proprietary funds are accounted for using the accrual basis of accounting. Their
revenues are recognized when they are earned, and expenses are recognized
when they are incurred. Unbilled Water and Sewer fund utility service receivables
are recorded at year end. The City applies all applicable Financial Accounting
Standards Board (FASB) pronouncements issued prior to November 30, 1989 in
accounting for its proprietary operations.
E. Budaets and Budaetarv Accountina
The City follows these procedures establishing the budgetary data reflected in the
financial statements:
29
Note 1: Summarv of Siqnificant Accountina Policies (cont'dl
1. In August, the City Manager submits to the City Council proposed operating
budgets for the fiscal year commencing the following January. The operating
budgets include expenditures and the means of financing them.
2. The Count mails individual ro ert t x noti
y p p y a ces showing the taxes which would
result from the proposed budgets of all taxing units to each property in November.
3. Public heanngs are conducted to obtain taxpayer comments.
4. The budgets are legally enacted through passage of a resolution by the City
Council in the month of December.
5. The City Council must authorize any transfer of budgeted amounts between
departments within the general fund. A transfer of budgeted amounts within
individual departments must be authorized by the city manager.
6. Supplemental appropriations during the year may only be made by the City
Council. These amounts must be financed by funds from the contingency reserve
set up in the general fund or by additional revenues.
7. All budget amounts lapse at the end of the year to the extent they have not been
expended.
8. Formal budgetary integration is employed as a management control device
during the year for all governmental funds with the exception of Debt Service Funds
and Capital Project Funds. Formal budgetary integration is not employed for Debt
Service Funds because effective budgetary control is alternatively achieved through
general obligation bond indenture provisions. Budgetary control for Capital Projects
Funds is accomplished through the use of project controls and project-length
budgets.
9. Budgets are adopted on a basis consistent with generally accepted accounting
principles. Annual appropriated budgets are adopted for all governmental funds
except for Debt Service Funds and the project-length Capital Project Funds.
10. Budgetary control is maintained at the department level for the General Fund
and at the fund level for all other governmental funds that adopt annual budgets.
11. Budgeted amounts are as originally adopted, or as amended by the City
Council. Individual and aggregate amendments were not materiat in relation to the
original appropriations.
1 30
Note 1: Summarv of Sianificant Accountinq Policies (cont'dl
F. Investments
Cash balances from all funds are combined and invested to the extent available in
authorized investments (see Note 2). Earnings from such investments are allocated
to the respective funds on the basis of applicable cash balance participation by
each fund. Cash and investments are stated at amortized cost. All highly liquid
unrestricted investments with a maturity of three months or less when purchased
are considered to be cash equivalents.
G. Inventorv
Inventories in the proprietary funds are valued at cost, using the weighted average
method in the Municipal Liquor Fund and the first-in/first-out (FIFO) method in the
other proprietary funds. The costs of governmental fund type supplies are recorded
as expenditures when purchased.
H. Accrued Vacation and Sick Pav
The City pays employees severance pay upon termination of employment based on
accumulated sick leave and accrued vacation. Such pay is accrued as an
expenditure/expense as it is earned.
I. Fund Epuitv
ontributed ca ital i r orded i
C p s ec n proprietary funds that have received capital
grants or contributions from developers, customers or other funds.
Reserves represent those portions of fund equity not appropriable for expenditure
or legally segregated for a specific future use. Designated fund balance represents
tentative plans for future use of financial resources.
J. Propertv Tax
Property tax levies are set by the City Council in December of each year, and are
certified to Hennepin County for collection in the following year. In Minnesota,
counties act as collection agents for all property taxes.
The County spreads all levies over taxable property. Such taxes become a lien on
January 1 and are recorded as receivables by the City at that date. Revenues are
accrued and recognized in the year col.fectible, net of delinquencies.
31
Note 1: Summarv of Sianificant Accountina Policies (cont'dl
Real property taxes may be paid by taxpayers in two equal installments on May 15
and October 15. Personal property taxes may be paid on February 28 and June 30.
The County provides tax settlements to cities and other taxing districts two times a
year, in July and December.
Taxes which remain unpaid at December 31 are classified as delinquent taxes
receivable and are fully offset by deferred revenue because they are not known to
be available to finance current expenditures. At December 31, 1997, the City has
recorded $1,174,810 in deferred revenue for the General Fund for estimated
property tax abatements that are anticipated to be repaid to the County in future
years.
K. Conduit Debt Obliaations
From time to time, the City has issued Industrial Revenue Bonds to provide
assistance to private sector entities for the acquisition and construction of industrial
and commercial facilities deemed to be in the public interest. The bonds are
secured by the property financed and are payable solely from payments received
on the underlying mortgage loans. Upon repayment of the bonds, ownership of the
acquired facilities transfers to the private sector entity served by the bond issue.
Neither the City, the State, nor any political subdivision thereof is obligated in any
manner for repayment of the bonds. Accordingly, the bonds are not reported as
liabilities in the accompanying financial statements.
L. Accountina Chanae Deferred Comnensation
GASB Statement No. 32, Accounting and Financia/ Reporting for /nterna/ Revenue
Code 457 Deferred Compensation P/ans, establishes reporting requirements for
IRC Section 457 plans. IRC Section 457 was revised in 1996 to require that
qualifying plans hold the assets and income "...in trust for the exclusive benefit of
participants and their beneficiaries..." Consequently, the City has no legal access
to these assets. Therefore, in accordance with the requirements for GASB
Statement No. 32, the City has restated total assets and liabilities of our Agency
Fund by removing $3,593,460 of Section 457 Deferred Compensation assets and
related liabilities originally reported at December 31, 1996. Adopting the change
also eliminated the City's need for a trust and agency fund.
M. Reclassification
Certain account balances were reclassified for the year ended December 31, 1996.
These reclassifications, which did not require a restatement of fund balance, were
adjusted for comparability to the financial statements for the year ended December
31, 1997, and must be considered when comparing the financial statements of this
32
Note 1: Summarv of Sianificant Accountinq Policies (cont'dl
report with those of prior reports.
N. Total Columns on Combined Statements
Total columns on the Combined Statements are ca tioned memorandum onl to
P y
indicate that they are presented only to facilitate financial analysis. Data in these
columns do not present financial position, results of operations, or cash flows in
conformity with generally accepted accounting principles. Intertund eliminations
have not been made in the aggregation of this data.
Note 2: Cash and Investments
A. Deposits
In accordance with Minnesota Statutes, the City maintains deposits at those
depository banks authorized by the City Council. All such depositories are
members of The Federal Reserve System.
Minnesota Statutes require that all City deposits be protected by insurance, surety
bond, or collateraf. The market value of collateral pledged must equal 110% of the
deposits not covered by insurance or bonds.
Authorized collateral includes the legal investments described below, as well as
certain first mortgage notes, and certain other state or local government obligations.
Minnesota Statutes require that securities pledged as collateral be held in
safekeeping by the City treasurer or in a financial institution other than that
furnishmg the collateral.
At December 31, 1997 the carrying amount of the City's demand deposits was
$214,936 and the bank balance was $286,814. Of the bank balance, $100,422 was
covered by federal depository insurance (risk category A) and the remainder was
covered by collateral held in the pledging bank's trust department in the City's name
(risk category B).
Risk Cateaorv
(A) Insured or collateralized by securities held by the City or its agent in
the City's name.
(B) Collateralized with securities held by the pled in institution's trust
9 9
department in the City's name.
33
Note 2: Cash and Investments (cont'dl
(C) Uncollateralized or collateralized with securities held by the pledging
institution's trust department or agent, but not in the City's name.
B. Investments
The City may also invest idle funds as authorized by Minnesota Statutes, as follows:
j (a) Direct obligations or obligations guaranteed by the United States or
its agencies.
(b) Shares of investment companies registered under the Federal
Investment Company Act of 1940 and whose only investments are in
securities described in (a) above.
(c) General obligations of the State of Minnesota or any of� its
municipalities.
(d) Bankers acceptances of United States banks eligible for purchase by
the Federal Reserve System.
(e) Commercial paper issued by United States corporations or their
Canadian subsidiaries, of the highest quality, and maturing in 270
days or less.
(f) Repurchase or reverse repurchase agreements with banks that are
members of the Federal Reserve System with capitalization
exceeding $10,000,000, a primary reporting dealer in U.S.
government securities to the Federal Reserve Bank of New York, or
certain Minnesota securities broker-dealers.
(g) Future contracts sold under authority of Minnesota Statutes 471.56,
subdivision 5.
1 34
Note 2: Cash and Investments (cont'dl
The City has not purchased any collateralized mortgage obligations, derivatives,
or interest only strip investments. Our practice is to hold investments to maturity.
The only reason to sell prior to maturity is an unforeseen cash flow need. In the
past five years, there has been only one occasion where an investment was sold
prior to maturity. Of the City's portfolio as of December 31, 1997, 64% matures
within 1 year, another 16% in the second year, 9% in the third year, 5°!a in the fourth
year, and the last 6% in the fifth through the tenth years.
The City's investments are categorized below to give an indication of the level of
custodial credit risk assumed at year-end. Category 1 includes investments that are
insured or registered or for which the securities are held by the City or its agent in
the City's name. Category 2 includes uninsured and unregistered investments for
which the securities are held by the counter party's trust department or agent in the
City's name. Category 3 includes uninsured and unregistered investments for
which the securities are held by the counter party, or by its trust department or
agent, but not in the City's name. In accordance with GASB Statement No. 3,
investments in a money market fund are not categorized as to custodial credit risk.
Balances at December3l, 1997:
Credit Risk Category Carrying Market
Securities Type 1 Z 3 Amount Value
Investments Categorized:
U.S. Governments $10,829,574 $10,829,574 $10,925,313
Federal Agencies 6,554,117 6,554,117 6,547,352
Commercial Paper 13,173,261 13,173,261 13,173,261
$30,556,952 $0 $0 30,556,952 30,645,926
Investments Not categorized:
Moneymarketfunds 9,426,194 9,426,194
Totallnvestments $39,983,146 340,072,120
35
Note 2: Cash and Investments (cont'dl
SUMMARY OF CASH AND INVESTMENTS
Balances at December 31, 1997
Cash: Carrying
Amount
Marquette Bank Brookdale, Brooklyn Center, Minnesota $203,309
Riverside Bank, Minneapolis, Minnesota 11,627
Change funds 9,450
Tota! Cash $224,386
I nvestments:
Investment Tvoe interest Rate Maturity
U.S. Treasury notes 5.1 7.8% 1998 2002 $10,829,574
Federal Home Loan Mortgage
bonds 5.2% 1998 305,407
Federal National Mortgage
Association bonds 5.3 7.7% 1998 2006 6,248,710
Commercial paper Floating Rate 1998 13,173,261
Minnesota Municipal Money Market Fund, Insight Investment Management,
Minneapolis, Minnesota 3,687,609
Dreyfus General Money Market Fund, Marquette Trust, Minneapolis,
Minnesota 91,089
Money Market Fund, First Trust, St. Paul, Minnesota 5,647,496
Tota I I nvestments $39, 983,146
Total Cash, Cash Equivalents and Investments $40,207,532
From Exhibit 1, COMBINED BALANCE SHEET
Cash and cash equivalents $13,191,766
I nvestments 27, 015, 766
$40, 207, 532
36
Note 3: Fixed Assets
Changes in the General Fixed Assets Account Group during 1997 were as follows:
Balance Balance
Jan. 1, 1997 Additions Disposals Dec. 31, 1997
Land $2,369,801 $737 $2,369,064
Buildings Improvements 6,226,511 $486,600 102,824 6,610,287
Park Improvements 3,279,047 8,112 36,600 3,250,559
Furniture Fixtures 1,490,138 95,610 223,781 1,361,967
Departmental Equipment 1,172,598 68,854 337,657 903,795
TOTAL GENERAL FIXED
ASSETS $14,538,095 $659,176 $701,599 $14,495,672
The following is a summary of proprietary fund-type fixed assets at December 31, 1997:
Internal
Enterprise Service
Funds Funds
Land $2,737,605
Land Improvements 97,112
Buildings Improvements 17,451,182
Mains Lines 24,743,952
Departmental Equipment 1,124,718 $4,778,894
Total 46,154,569 4,778,894
Less accumulated depreciation (9,828,433) (2,286,861)
Net $36,326,136 $2,492,033
Note 4: Contributed Caoital
During 1997 contributed capital changed by the following amounts:
Internal
Enterprise Service
Funds Funds
Additions:
Improvement construction $156,784
Deductions:
Depreciation on contributed assets (348,738) ($177,453)
Net Change (191,954) (177,453)
Contributed Capital, January 1, 1997 21,042,114 3,645,126
Contributed Capital, December 31, 1997 $20,850,160 $3,467,673
37
Note 5: Ooeratina Leases
During 1997, the City leased space for the operation of one of its three munici al
P
liquor stores under a noncancelable five-year lease. The lease provides for
minimum rent payments, plus a pro-rata share of common area expenses. Total
rental expense under the lease agreement for the years ended December 31, 1997
and 1996 was $38,133 and $35,936, respectively. Beginning in June 1998, the City
will lease space for a new municipal liquor store under a noncancelable two year
lease. The old liquor store site was shared with a fire station. In 1998, both the
liquor store and fire station will be torn down and only a fire station will be built on
the site. Future minimum rent payments under non-cancelable leases are as
follows:
Year Endinq Amount
1998 38, 953
1999 48,457
2000 15.991
$103.401
The Earle Brown Heritage Center Fund, which operates as an enterprise fund,
leased space to four tenants in 1997. Three leases expired in 1997 and the fourth
is currently being re-negotiated. The City plans to convert the remaining
unoccupied office space into convention rental space in 1998. Rental revenues
and expenditures under the lease agreements were as follows:
1997 1996
Rental Revenues 79,774 $110,505
Rental Expenditures 61,357 81,924
Future minimum rentals to be received in 1998 are $9,918.
38
Note 6: Lona-Term Deb#
The Cit 's lo
y ng term debt includes general obligation bonds, tax increment bonds,
and special assessment improvement bonds; all of which are recorded in the
General Long-Term Debt Account Group. In addition, the City issued storm sewer
revenue bonds which are recorded as a liability in the Storm Drainage Fund.
The following is a summary of bond transactions for the year ended December 31,
1997:
General Tax Special Storm Sewer
Obfigation Increment Assessment Revenue
Bonds Bonds Bonds Bonds Total
Bonds payable
January 1 $2,295,000 $13,205,000 $3,030,000 $1,720,000 $20,250,000
Bonds issued 7,900,000 1,075,000 8,975,000
Bonds retired 170,000 780,000 185,000 155,000 1,290,000
Bonds payable
December 31 $10,025,000 $12,425,000 $3,920,000 $1,565,000 $27,935,000
The annual requirements to amortize all outstanding debt as of December 31, 1997,
including interest of $9,479,074, are as follows:
General Tax Special Storm Sewer
Obligation Increment Assessment Revenue
Bonds Bonds Bonds Bonds Total
1998 $548,965 $1,555,040 $425,918 $240,390 $2,770,313
1999 986,588 1,827,232 567,076 237,557 3,618,453
2000 1,049,731 1,875,554 559,135 239,110 3,723,530
2001 1,049,646 1,969,409 540,529 239,950 3,799,534
2002 1,047,523 1,973,893 526,408 240,100 3,787,924
2003 on 9,370,726 7,392,716 2,236,878 714,000 19,714,320
$14,053,179 $16,593,844 $4,855,944 $1,911,107 $37,414,074
If special assessments are not adequate to retire the outstanding debt, the City's
fufl faith and credit are pledged for their redemption. The general obligation, tax
increment and storm sewer revenue bonds are backed by the full faith and credit
of the City.
There are a number of limitations contained in the various bond indentures. The
City is in compliance with all requirements of the indentures.
39
Note 6: Lona Term Debt (cont'd)
Long-term debt obligations outstanding at year-end are summarized as follows:
Bond
Payment Issue Maturity Authorized
Rates °,6 Dates Date Date And Issued Retired Outstanding
General Obligation Bonds
State-Aid Street Bonds 4.7-6.7 4-01 10-01 09-01-91 04-01-06 $3,000,000 $875,000 $2,125,000
Police and Fire Building Bonds 4.1-4.9 2-01 8-01 12-01-97 02-01-13 7,900,000 7,900,000
Total $10,900,000 $875,000 $10,025,000
General Obligation Tax Increment Bonds
1991 Tax Increment Bonds 4.7-6.0 2-01 8-01 03-01-91 02-01-04 $6,050,000 $2,050,000 $4,000,000
1992 Refunding Tax Increment Bonds 4.5-5.6 2-01 8-01 02-01-92 02-01-03 4,270,000 405,000 3,865,000
1995 Taxable Tax Increment Bonds 6.0-6.75 2-01 8-01 11-01-95 02-01-11 4,560,000 4,560,000
Total $14,880,000 $2,455,000 $12,425,000
General Obligation Speciai Assessment 8onds
1987 Refunding Bonds 4.7-5.5 2-01 8-01 04-01-87 02-01-97 $1,200,000 $1,200,000 $0
1994 Street Improvement Bonds 4.1-5.5 2-01 8-01 OS-01-94 02-01-05 835,000 145,000 690,000
1995 Street Improvement Bonds 4.0-4.9 2-01 8-01 11-01-95 02-01-06 780,000 65,000 715,000
1996 Street Improvement Bonds 4.2-5.1 2-01 8-01 11-01-96 02-01-07 1,440,000 1,440,000
1997 Street Improvement Bonds 4.0-4.7 2-01 8-01 12-01-97 02-01-08 1,075,000 1,075,000
Total $5,330,000 $1,410,000 $3,920,000
General Obligation Revenue Bonds
1994 Storm Sewer Revenue Bonds 4.2-5.4 2-01 8-01 08-01-94 02-01-05 $1,830,000 $265,000 $1,565,000
Total $1,830,000 $265,000 $1,565,000
40
Note 7: Seament Information
Segment information as of and for the year ended December 31, 1997 was as follows:
E. Brown
Enterprise Funds: Municipal Golf Heritage Recycling Water Sanitary Storm
Liquor Course Center Refuse Utility Sewer Drainage
Fund Fund Fund Fund Fund Fund Fund Total
Operating Revenues $3,006,982 $354,380 $2,531,083 $210,070 $1,176,399 $2,251,684 $856,920 $10,327,518
Depreciation Expense 24,768 17,251 379,413 233,746 187,905 59,634 902,717
Operating Income (Loss) 176,015 69,181 (318,207) (9,389) 113,541 182,702 598,624 812,467
Operating Transfers (Out) (100,000) (100,000)
Net Income (Loss) 84,633 13,410 (345,355) (4,606) 381,061 297,035 640,018 1,066,196
Current Capital Contributions 156,784 156,784
Property, Plant 8� Equipment:
Additions 9,016 98,512 1,849,371 911,299 482,905 3,351,103
Deletions 14,757 12,239 139,394 350,991 44,244 561,625
Net Working Capital 319,932 (7,190) (180,990) 100,698 3,459,753 1,834,500 413,006 5,939,709
Total Assets 787,452 1,717,987 9,519,505 101,531 15,051,558 10,914,585 5,430,422 43,523,040
Bonds and OtherLong-Term
Liabilities Payable from
Operating Revenues 56,313 1,100,000 1,400,000 2,556,313
Total Equity $570,722 $563,996 $8,912,152 $100,698 $14,912,155 $10,884,695 $3,765,114 $39,709,532
Note 8: Reserved/Desic�nated Fund Equitv
Fund balances and retained earnings in the various funds have been
reserved or designated for the following purposes:
Reserved Fund Equitv
Retained Earnings:
Enterprise Funds:
Water Utility Fund Special Assessments $87,638
Sanitary Sewer Fund Special Assessments 5,008
Storm Drainage Fund
Debt Service 240,390
Special Assessments 238,101
Total Reserved Retained Earnings 571,137
Fund Balances:
General Fund
Advances to other Funds 105,074
Special Revenue Funds:
Economic Development Authority Fund
Bond Proceeds 2,945,726
Debt Service Funds:
General Obligation Bonds Debt Service 82,056
Tax Increment Bonds Debt Service 1,535,079
Special Assessment Bonds Debt Service 620,414
Total Debt Service Funds 2,237,549
Capital Projects Funds:
Capital Improvements Fund
Advances to other Funds 1,234,384
Bond Proceeds 7,564,900
Municipal State Aid for Construction Fund
Advances to other Funds 593,069
Total Capital Projects Funds 9,392,353
Total Reserved Fund Balances 14,680,702
Total Reserved Fund Equity $15,251,839
Desianated Fund Eauitv
General Fund
Working Capital $5,513,492
Appopriated to next budget 2,712
Total General Fund $5,516,204
42
Note 9: Interfund Receivables and Payables
Due from other funds and due to other funds are short-term receivables/payables
which have interest rates of 0% to 7%. Advances to other funds and advances from
other funds are considered long-term receivables/payables. Advances have
interest rates of 0% to 7% with maturities extending through the year 2017.
Advances between funds are offset by a fund balance reserve account and are not
expendable available financial resources.
Due from Due to
Other Funds Other Funds
General Fund 337,154
Special Revenue Funds:
Economic Development Authority Fund 136,017
Debt Service Funds:
Tax Increment Bonds 50,806
Capital Projects Fund:
Capital Reserve Emergency Fund 41,656
Capital Improvements Fund 449,998
M.S.A. Construction Fund 84,946
Special Assessments Constr. Fund 715,577
Enterprise Funds
Earle Brown Heritage Center Fund 385,000
Total 1,100,577 1,100,577
Advances to Advances from
Other Funds Other Funds
General Fund 105,074
Special Revenue Funds:
E.B. Farm Tax Increment Fin. Fund 698,143
Capital Projects Funds:
Capital Improvements Fund 1,234,384
M.S.A. Construction Fund 593,069
Enterprise Funds:
Municipal Liquor Fund 84,384
Golf Course Fund 1,150,000
Total 1,932,527 1,932,527
43
Note 10: Individual Fund Disclosures
Deficit fund balances exist at December 31. 1997 in the following funds:
Special Revenue Funds:
Earle Brown Tax Increment Financing District:
Unreserved deficit fund balance $560,347
This deficit is being funded through internal borrowing and will be repaid from future
surplus tax increments.
Internal Service Funds:
Public Employee Retirement Fund:
Unreserved deficit retained earnings $33,615
This deficit is being funded through investment earnings of the fund.
Excess of Exnenditures over Ap�ro�riations:
For the year ended December 31, 1997, expenditures exceeded budget at the fund
level (i.e., the legal level of budgetary control) as follows:
Snecial Revenue Funds� Excess
Earl Brown Farm Tax Increment District 269
Tax Increment District No. 3 54,987
The over expenditures in the tax increment district funds were due to unbudgeted
legal and administrative costs. The over expenditures were funded by excess tax
increment revenues.
Note 11: Continaencies
There are a few lawsuits pending in which the City is involved. City Management
estimates that the potential claims against the City not covered by insurance
resulting from such litigation would not materially affect the financial position of the
City.
Note 12: Risk Manaaement
The City is exposed to various risks of loss related to torts; theft of, damage to and
destruction of assets; errors and omissions and natural disasters for which the City
carries commercial insurance policies. The City retains risk for the deductible
portions of the insurance policies. The amount of these deductibles are considered
immaterial to the financial statements.
44
Note 12: Risk Manaqement (cont'dl
There were no significant reductions in insurance from the previous year or
settlements in excess of insurance coverage for any of the past three years.
However, the City did increase the deductible portion of the insurance policies and
the amount of this increase is considered immaterial to the financial statements.
Note 13: Post-Emplovment Health Care Benefits
The City has provided post-retirement health care benefits, as per the requirements
of a City Council resolution, for certain retirees and their dependents since 1986.
Full time employees have the option of retaining membership in the City's health
insurance plan for which the City will pay the single person premium until such time
as the retiree is eligible for Medicare coverage or at age 65, whichever is sooner.
If the retiree desires to continue family coverage, the additional cost for family
coverage shall be paid by the retiree to the City. To qualify under this program, the
employee, on the date of his/her retirement, must meet eligibility requirements for
a full retirement annuity under PERA (Note 14A) without reduction of benefits
because of age, disability, or any other reason for reduction. In addition, the
employee must have been employed full time by the City for the last ten
consecutive years prior to the effective date of retirement. Employees participate
in this program on a voluntary basis.
As of December 31, 1997, six employees currently participate in this program. The
cost of City paid health care premiums for the years ended December 31, 1997 and
1996 was $13,204 and $17,294, respectively. In addition, the expenditures in 1997
and 1996 were increased by $170,309 and $60,839, respectively, to account for the
change in the accrued health insurance liability. The $1,218,229 recorded as a
liability reflects the City's best estimate of the vested obligation to be funded for this
program as of December 31, 1997.
Note 14: Defined Benefit Pension Plans Statewide
A. Plan Description
All full-time and certain part-time employees of the City of Brooklyn Center are
covered by defined benefit pension plans administered by the Public Employees
Retirement Association of Minnesota (PERA). PERA administers the Public
Employees Retirement Fund (PERF) and the Public Employees Police and Fire
Fund (PEPFF) which are cost sharing, multiple-employer retirement plans. These
plans are established and administered in accordance with Minnesota Statutes,
Chapters 353 and 356.
45
Note 14: Defined Benefit Pension Plans Statewide (cont'dl
PERF members belong to either the Coordinated Plan or the Basic Plan.
Coordinated Plan members are covered by Social Security and Basic members are
not. All new members must participate in the Coordinated Plan. All police officers,
fire fighters and peace officers who qualify for membership by statute are covered
by the PEPFF.
PERA provides retirement benefits as well as disability benefits to members, and
benefits to survivors upon death of eligible members. Benefits are established by
State Statute, and vest after three years of credited service. The defined retirement
benefits are based on member's highest average salary for any five successive
years of allowable service, age, and years of credit at termination of service.
Two methods are used to compute benefits for PERF's Coordinated and Basic
members. The retiring member receives the higher of step rate benefit accrual
formula (Method 1) or a level accrual formula (Method 2). Under Method 1, the
annuity accrual rate for a Basic Plan member who retires before July 1, 1997 is 2
percent of average salary for each of the first 10 years of service and 2.5 percent
for each remaining year. The annuity accrual rate for Basic members who retire on
or after July 1, 1997 is 2.2 percent of average salary for each of the first 10 years
of service and 2.7 percent for each remaining year. For a Coordinated Plan
member who retires before July 1, 1997, the annuity accrual rate is 1 percent of
average salary for each of the first 10 years and 1.5 percent for each remaining
year. For Coordinated members who retire on or after July 1, 1997, the annuity
accrual rates increase by 0.2 percent (to 1.2 percent of average salary for each of
the first 10 years and 1.7 percent for each remaining year). Under Method 2, the
annuity accrual rate is 2.5 percent of average salary for Basic Plan members and
1.5 percent for Coordinated Plan members who retire before July 1, 1997. Annuity
accrual rates increase 0.2 percent for members who retire on or after July 1, 1997.
For PEPFF members, the annuity accrual rate is 2.65 percent for each year of
service for members who retire before July 1, 1997. Effective Juiy 1, 1997, the
accrual rate is increased to 3.0 percent. For all PEPFF members and PERF
members whose annuity is calculated using Method 1, a full annuity is available
when age plus years of service equal 90. A reduced annuity is also available to
eligible members seeking early retirement.
There are different types of annuities available to members upon retirement. A
normal annuity is a lifetime annuity that ceases upon the death of the retiree-- no
survivor annuity is payable. There are also various types of joint and survivor
annuity options available which will reduce the monthly normal annuity amount,
because the annuity is payable over joint lives. Members may also leave their
contributions in the fund upon termination of public service in order to qualify for
a deferred annuity at retirement age. Refunds of contributions are available at any
time to members who leave public service, but before retirement benefits begin.
i
46
Note 14: Defined Benefit Pension Plans Statewide (cont'dl
The benefit provisions stated in the previous paragraphs of this section are current
provisions and apply to active plan participants. Vested, terminated employees who
are entitled benefits but are not receiving them yet, are bound by the provisions in
effect at the time they last terminated their public service. r
PERA issues a publicly available financial report that includes financial statements
and required supplementary information for PERF and PEPFF. That report may be
obtained by writing to PERA, 514 St. Peter Street, #200, St. Paul, Minnesota, 55102
or by calling (612) 296-7460 or 1-800-652-9026.
B. Fundina Policv
Minnesota Statutes Chapter 353 sets the rate for employer and employee
contributions. These statutes are established and amended by the state legislature.
The City makes annual contributions to the pension plans equal to the amount
required by state statutes. PERF Basic Plan members and Coordinated Plan
members are required to contribute 8.23% and 4.23%, respectively, of their annual
covered salary. PEPFF members are required to contribute 7.60% of their annual
covered salary. The City of Brooklyn Center is required to contribute the following
percentages of annual covered payroll: 10.73% for Basic Plan PERF members,
4.48% for Coordinated Plan PERF members, and 11.40% for PEPFF members.
The City's contributions to the Public Employees Retirement Fund for the years
ending December 31, 1997, 1996, and 1995 were $218,414, $214,976, and
$204,625, respectively. The City's contributions to the Public Employees Police
Fire Fund for the years ending December 31, 1997, 1996, and 1995 were $268,181,
$248,237, and $230,818, respectively. The City's contributions were equal to the
contractually required contributions for each year as set by state statute.
Note 15: Pension Plan Brooklvn Center Fire Denartment Relief Association
A. Plan Descri�tion
The City contributes to the Brooklyn Center Fire Department Relief Association
(Association). In accordance with Government Accounting Standards Board
Statement No. 25, it is classified as a defined benefit single employer public
employee retirement system.
Volunteer fire fighters of the City are members of the Association and its pension
plan. An actuarial study was completed during 1997 which provided for benefit
increases which will take effect on January 1, 1998. The plan's baseline benefit
after 20 years of service and attaining the age 50 remains at $530 per month in
1997. There are additional benefits for service through 30 years. Vesting begins
47
Note 15: Pension Plan Brooklvn Center Fire De�artment Relief Association (cont'dl
with 10 years of service and benefits are pro-rated for members who have between
10 and 20 years of service. Members may choose to take a lump sum settlement
instead of the pension. The lump sum settlement increased from $4,000 in 1997,
to $5,000 in 1998, times the number of years of service, with a maximum of 30
years. Spouse's, children's and funeral benefits are also provided. These benefit
provisions and all other requirements are consistent with enabling state statutes.
The it
C y levies property taxes at the direction of and for the benefit of the
association plan and passes through state aids allocated to the plan, all in
accordance with enabling state statutes.
B. Fundina Status and Proaress
The amount shown below as the "pension benefit obligation" is a standardized
disclosure measure of the present value of pension benefits, adjusted for the effects
of projected benefit increases, estimated to be payable in the future as a result of
service to date. The measure is the actuarial present value of credited projected
benefits and is intended to help users assess the funding status of the association
plans on a going-concern basis, assess progress made in accumulating sufficient
assets to pay benefits when due, and make comparisons among plans. It is
independent of the actuarial funding method used to determine contributions to the
plan, discussed in "C" below.
The pension benefit obligation was determined as part of an actuarial valuation at
January 1, 1997 and updated as of January 1, 1998. Significant actuarial
assumptions used include (a) a rate of return on the investment of present and
future assets of 7.5 percent per year compounded annually, (b) no post-retirement
benefit increases, and (c) entry age normal funding method.
An actuarial update to the pension obligation is performed annually. On December
31, 1997, the over funded pension benefit obligation was as follows
Pension benefit obligation:
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits 939,661
Active Members 1.E63.944
Total pension benefit obligation 2,603,605
Net assets held in trust for pension benefits
(at carrying value, equals market) 2.882,439
Over funded pension benefit obligation 278.834
48
Note 15: Pension Plan Brooklvn Center Fire Department Relief Association (cont'dl
The pension benefit obligation increased due to the additional year of service
credited to plan members and a benefit increase per year of service. The pension
benefit obligation had a net increase of $234,560 in 1997.
In accordance with GASB Statement No. 25 chan es were
g made to the actuarial
assumptions. The rate of return on the investment of present and future assets was
changed from 5.0 percent per year to 7.5 percent per year compounded annually.
This change in assumption better reflects the historical and projected investment
performance on plan assets. Other changes to the actuarial assumptions include
the adoption of the entry age normal funding method.
C. Contributions Reauired and Contributions Made
Financial requirements of the association plan are determined on an actuarial basis
using the entry age normal actuarial cost method. Normal cost is funded on a
current basis.
Contributions at the level specified by the last full actuarial study will continue to be
made until a new study revises the contribution level. The minimum tax levy
obligation is the financial requirement for the year lessanticipated state aids. The
funding strategy for normal cost should provide sufficient resources to pay plan
benefits on a timely basis.
Total contributions to the plan in 1997 amounted to $123,070, of which $38,451 was
levied by the City of Brooklyn Center and $84,619 was from the State of Minnesota.
The contributed amounts were actuarially determined as described above and were
based on an actuarial valuation as of January 1, 1993. The contributions represent
funding for normal cost of $68,698, amortization of the unfunded actuarial accrued
liability of $26,241, and administration costs of $13,512.
Significant actuarial assumptions used to compute pension contribution
requirements are substantially the same as those used to determine the
standardized measure of the pension obligation. The computation of the pension
contribution requirements for 1997 was based on the same actuarial assumptions,
benefit provision, actuarial funding method, and other significant factors used to
determine pension contribution requirements in previous years with the exception
of the changes noted in Section B above.
49
i
Note 15: Pension Plan Brookl�n Center Fire Department Relief Association (conYdl
D. Trend Information
Trend information gives an indication of the progress made in accumulating
sufficient assets to pay benefits when due. Ten year trend information may be
found in the Association's annual financial report for the year ended December 31,
1997. Three year trend information for the Association is as follows:
1997 1996 1995
Available assets as a
percentage of benefit
obligation 111 112% 101
City's contribution'`*
as a percentage of *not *not *not
covered payroll applicable applicable applicable
'�The Brooklyn Center Fire Department is a volunteer organization; thus, no covered
payroll exists.
**The City's contribution was made in accordance with actuarially determined
requirements.
E. Related Partv Investments
As of December 31 1997 the Association held no securities issued b the Cit or
Y Y
other related parties.
Note 16: Fund Chanaes
The following funds were opened during 1997:
Special Revenue:
Police Drug Forfeiture Fund
City Initiatives Grant Fund
Capital Projects:
Capital Reserve Emergency Fund
The following fund was closed during 1997:
Agency Fund:
Employee Deferred Compensation Fund
50
Note 17: Residual Eauitv Transfers
During 1997, the City established two new funds with residual equity transfers. The
General Fund transferred $5,748 to the Police Drug Forteiture Special Revenue
Fund. This transfer represented unspent funds from prior years' drug forteiture
revenues. The Capital Improvements Capital Projects Fund transferred $1,000,000
to the Capital Reserve Emergency Capital Projects Fund. The Capital Reserve
Emergency Fund monies will be held in reserve for catastrophic losses.
The Cit closed the Refundin Bonds of 1987 Debt Service Fund durin 1997. The
Y 9 g
final fund equity of $297,382 was transferred to the Special Assessment
Construction Capital Projects Fund for future capital improvements.
Also, the General Fund transferred $100,000 to the Capital Improvements Capital
Projects Fund and $200,000 to the Special Assessment Construction Capital
Projects Fund. The transfers represent funds from the prior year's surplus of
revenues over expenditures. The funds will be used for future park and street
improvements. The amounts are not expected to be repaid and are reflected as
residual equity transfers in the City's financial statements.
51
City of Brooklyn Center, Minnesota
GENERALFUND
The City of Brooklyn Center Home Rule Charter provides in Section 7.11 that "there shall
be maintained in the City Treasury a classification of Funds which shall provide for a
General Fund for the payment of such expenses of the City as the Council may deem
proper, and such other funds as may be required by statute, ordinance or resolution."
The General Fund was established to account for all revenues and expenditures which are
not required to be accounted for in other funds. It has more diverse revenue sources than
other funds. These revenue sources include property taxes, licenses, permits, fines and
forfeits, intergovernmental, service charges, and investment earnings. The Fund's
resources finance a wide range of functions, including the current operations of general
government, public safety, public works, health and welfare, recreation, and
non-departmental expenditures.
This fund utilizes the modified accrual basis of accounting. Revenues are recognized in
the accounting period in which they become available and measurable. Expenditures are
recognized in the accounting period in which the related liability is incurred.
S2
A-1
City of Brooklyn Center
General Fund
COMPARATIVE BALANCE SHEET
December 31, 1997
1997 1996
ASSETS
Cash and cash equivalents $2,576,390 $1,748,434
Investments 5,729,955 5,484,065
Accounts receivable 51,154 163,658
Delinquent taxes receivable 186,089 204,432
Due from other funds 337,154 873,932
Due from other governments 91,192 37,818
Advance to other funds 105,074 105,074
TOTAL ASSETS $9,077,008 $8,617,413
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable $290,040 $387,303
Accrued salaries payable 222,479 195,508
Accrued vacation and sick pay 601,810 594,728
Deferred revenue delinquent taxes 186,089 204,432
Deferred revenue tax abatements 1,174,810 712,944
Total Liabilities 2,475,228 2,094,915
Fund Balance: f
Reserved for advances to other funds 105,074 105,074
Unreserved fund balance
Designated:
Working capital 5,513,492 5,620,352
Appropriated to next budget 2,712 44,718
Undesignated 980,502 752,354
Total Fund Balance 6,601,780 6,522,498
TOTAL LIABILITIES AND FUND BALANCE $9,077,008 $8,617,413
53
A-2
City of Brooklyn Center
General Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Revenues
Property taxes $6,764,878 $6,789,756 $24,878 $6,326,012
Property tax abatements reserve (461,866) (461,866) (205,135)
Licenses and permits 300,160 485,232 185,072 402,000
Intergovernmental 3,762,484 3,811,900 49,416 3,618,075
Charges for services 905,944 757,640 (148,304) 839,583
Court fines 192,000 183,270 (8,730) 186,761
Investment earnings 270,000 354,597 84,597 312,831
Miscellaneous 62,600 104,234 41,634 15,919
Total Revenues 12,258,066 12,024,763 (233,303) 11,496,046
Exoenditures
General government 2,116,120 1,992,251 (123,869) 1,968,780
Public safety 5,297,175 5,089,072 (208,103) 5,022,324
Public works 1,991,769 1,868,130 (123,639) 1,649,526
Community services 80,000 79,800 (200) 78,442
Parks and recreation 2,362,742 2,186,686 (176,056) 2,282,054
Economic development 249,570 248,779 (791) 2D1,600
Non-departmental 377,200 311,436 (65,764) 317,148
Administrative Services Reimbursement (699,141) (661,058) 38,083 (611,534)
Total Expenditures 11,775,435 11,115,096 (660,339) 10,908,340
Excess or Deficiency of
Revenues Over Expenditures 482,631 909,667 427,036 587,706
Other Financina Sources or Uses f-1
Operating transfers in 100,000 100,000 0 100,000
Operating transfers out (624,637) (624,637) 0
Total Other Financing
Sources or Uses (524,637) (524,637) 0 100,000
Excess or Deficiency of Revenues
and Other Financing Sources Over
Expenditures and Other Financing Uses (42,006) 385,030 427,036 687,706
Fund Balance January 1 6,522,498 6,522,498 0 5,834,792
Equity Transfers Out (305,748) (305,748)
Fund Balance December 31 $6,480,492 $6,601,780 $121,288 $6,522,498
S4
S-1
(Continued next page)
City of Brooklyn Center
General Fund
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Ad Valorem Taxes
Gross property taxes $6,239,878 $6,273,163 $33,285 $5,917,715
Penalties and interest (8,283) (8,283) (17,357)
Lodging tax 523,000 523,745 745 424,419
Special assessments 2,000 1,131 (869) 1,235
Total Taxes 6,764,878 6,789,756 24,878 6,326,012
Reserve for Propertv Tax Abatements
Tax abatements under litigation (461,866) (461,866) (205,135)
Total Property Tax Abatements (461,866) (461,866) (205,135)
Licenses and Permits
Liquor and beer 103,800 138,168 34,368 120,665
Building permits 120,000 211,042 91,042 181,706
Mechanical permits 25,000 51,601 26,601 29,275
Sewer and water permits 500 986 486 1,497
Plumbing permits 10,000 23,273 13,273 17,211
Garbage licenses 2,125 2,180 55 2,300
Taxicab licenses 650 475 (175) 800
Mechanicallicenses 4,000 4,395 395 4,010
Pawn shop licenses 8,000 8,000
Service station licenses 1,765 2,356 591 1,925
Vehicle dealer licenses 900 1,013 113 900
Bowling licenses 808 348 (460) 808
Cigarette licenses 1,150 2,017 867 1,125
Sign permits 2,000 2,453 453 2,790
Rental dwelling permits 12,000 7,430 (4,570) 21,107
Amusement licenses 8,320 6,550 (1,770) 7,990
Dog licenses 5,700 8,872 3,172 5,841
Miscellaneous business license 1,442 14,073 12,631 2,050
Total Licenses and Permits 300,160 485,232 185,072 402,000
Interaovernmental
Federal grants:
Miscellaneous grants 75,000 73,181 (1,819) 6,000
Total Federal Grants $75,000 $73,181 ($1,819) $6,000
55
S-1
(Continued from prior page)
City of Brooklyn Center
General Fund
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Interaovernmental (continuedl
State grants:
Local government aid $1,922,164 $1,922,164 $0 $1,865,664
Local performance aid 32,093 32,093 0
Homestead credit aid 1,308,130 1,308,130 0 1,272,972
Police pension aid 220,000 236,535 16,535 242,013
PERA aid 17,183 17,183
Fireperson pension aid 73,000 84,619 11,619 88,272
Police training 11,000 13,675 2,675 13,865
Street maintenance aid 90,000 90,000 0 90,000
Miscellaneous grants 31,097 34,320 3,223 39,289
Total State Grants 3,687,484 3,738,719 51,235 3,612,075
Total Intergovernmental 3,762,484 3,811,900 49,416 3,618,075
Charaes for Services
General government charges 21,020 23,666 2,646 26,589
Public safety charges 19,900 25,568 5,668 23,399
Recreation fees 865,024 708,406 (156,618) 789,595
Total Charges for Services 905,944 757,640 (148,304) 839,583
Court Fines
Fines 192,000 183,270 (8,730) 186,761
Total Court Fines 192,000 183,270 (8,730) 186,761
Miscellaneous
Interest on investments 270,000 354,597 84,597 312,831
Other 62,600 104,234 41,634 15,919
Total Miscellaneous 332,600 458,831 126,231 328,750
Total Revenues 12,258,066 12,024,763 (233,303) 11,496,046
Other Financina Sources
Operating transfers in:
Liquor Fund 100,000 100,000 0 100,000
Total Other Financing Sources 100,000 100,000 0 100,000
Total Revenues and Other
Financing Sources $12,358,066 $12,124,763 ($233,303) $11,596,046
1
56
S-2
City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
General Government
Mayor and Council:
Personal services $35,239 $40,363 $5,124 $33,309
Supplies 400 777 377 1,756
Services and other charges 90,450 68,862 (21,588) 60,510
Total Mayor and Council 126,089 110,002 (16,087) 95,575
Administrative Office:
Personal services 336,977 310,301 (26,676) 332,215
Supplies 5,000 3,411 (1,589) 1,787
Services and other charges 85,200 84,362 (838) 49,746
Capital outlay 3,000 2,761 (239)
Total Administrative Office 430,177 400,835 (29,342) 383,748
Elections and Voter Registration:
Personal services 39,997 36,990 (3,007) 47,162
Supplies 900 19 (881) 2,309
Services and other charges 7,500 4,267 (3,233) 6,208
Total Elections and Voter Registration 48,397 41,276 (7,121) 55,679
Assessor's Office:
Personal services 209,912 207,761 (2,151) 189,202
Supplies 2,800 2,948 148 1,892
Services and other charges 28,551 27,554 (997) 8,663
Capital outlay 6,095 6,079 (16)
Total Assessor's Office 247,358 244,342 (3,016) 199,757
Finance:
Personal services 370,743 371,511 768 359,500
Supplies 4,900 3,863 (1,037) 1,320
Services and other charges 7,280 7,070 (210) 1,424
Capital outlay 8,640 8,346 (294)
Total Finance 391,563 390,790 (773) 362,244
Legal:
Services and other charges 201,400 163,849 (37,551) 185,273
Total Legal 201,400 163,849 (37,551) 185,273
Government Buildings:
Personal services 183,118 161,406 (21,712) 154,105
Supplies 35,742 36,143 401 26,585
Services and other charges 196,355 197,037 682 183,826
Capital outlay 14,470 14,870 400 5,310
Total Government Buildings $429,685 $409,456 ($20,229) $369,826
57
S
City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
General Government (continuedl
Data Processing:
Personal services $63,053 $54,295 ($8,758) $32,454
Supplies 8,000 9,969 1,969 7,023
Services and other charges 130,398 127,839 (2,559) 212,296
Capital outlay 40,000 39,598 (402) 64,905
TotalData Processing 241,451 231,701 (9,750) 316,678
Total General Government 2,116,120 1,992,251 (123,869) 1,968,780
Public Safetv
Police Protection:
Personal services 3,456,417 3,391,434 (64,983) 3,238,629
Supplies 67,769 61,272 (6,497) 60,920
Services and other charges 640,407 555,519 (84,888) 593,265
Capital outlay 55,360 53,235 (2,125) 125,681
Total Police Protection 4,219,953 4,061,460 (158,493) 4,018,495
Fire Protection:
Personal services 337,484 344,212 6,728 319,809
Supplies 34,285 32,875 (1,410) 31,258
Services and other charges 185,258 179,705 (5,553) 283,790
Capital outlay 49,793 48,187 (1,606) 28,557
Total Fire Protection 606,820 604,979 (1,841) 663,414
Protective Inspection:
Personal services 297,120 287,202 (9,918) 263,185
Supplies 2,400 1,917 (483) 1,080
Services and other charges 86,311 5:,,982 (30,329) 37,876
Capital outlay 4,700 (4,700)
Total Protective Inspection 390,531 345,101 (45,430) 302,141
Emergency Preparedness:
Personal services 44,852 44,175 (677) 28,029
Supplies 13,300 12,814 (486) 688
Services and other charges 16,219 14,877 (1,342) 6,812
Capital outlay 5,500 5,666 166 2,745
Total Emergency Preparedness 79,871 77,532 (2,339) 38,274
Total Public Safety $5,297,175 $5,089,072 ($208,103) $5,022,324
58
S=2 City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Public Works
Engineering Department:
Personal services $525,498 $481,997 ($43,501) $375,390
Supplies 4,900 5,312 412 4,338
Services and other charges 19,633 20,465 832 24,010
Capital outlay 9,000 8,831 (169) 10,554
Total Engineering Department 559,031 516,605 (42,426) 414,292
Street Department:
Personal services 527,088 541,236 14,148 456,169
Supplies 173,550 135,305 (38,245) 153,833
Services and other charges 730,200 667,790 (62,410) 606,785
Capital outlay 1,900 7,194 5,294 18,447
Total Street Department 1,432,738 1,351,525 (81,213) 1,235,234
Total Public Works 1,991,769 1,868,130 (123,639) 1,649,526
Communitv Services
Social Services:
Service and other charges 80,000 79,800 (200) 78,442
Total Community Services 80,000 79,800 (200) 78,442
Parks and Recreation
Administration:
Personal services 337,435 319,060 (18,375)
Supplies 13,800 8,251 (5,549)
Services and other charges 43,966 40,778 (3,188)
Capital outlay 1,500 1,932 432
Total Administration 396,701 370,021 (26,680) 0
Adult Programs:
Personal services 84,595 86,855 2,260 236,047
Supplies 39,695 27,150 (12,545) 36,070
Services and other charges 137,493 105,478 (32,015) 148,855
Capital outlay 4,495 4,495
Total Adult Programs 261,783 223,978 (37,805) 420,972
Teen Programs:
Personal services 12,492 11,042 (1,450) 14,648
Supplies 500 1,424 924 1,346
Services and other charges 4,900 5,199 299 4,236
Total Teen Programs $17,892 $17,665 ($227) $20,230
59
S
City of Brooklyn Center (Continued next page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Parks and Recreation (continuedl
Children's Programs:
Personal services $92,420 $85,823 ($6,597) $130,709
Supplies 12,250 11,588 (662) 10,179
Services and other charges 4,974 3,601 (1,373) 14,727
Total Children's Programs 109,644 101,012 (8,632) 155,615
General Programs:
Personal services 24,388 26,254 1,866 61,301
Supplies 150 52 (98) 96
Senrices and other charges 38,275 36,293 (1,982) 39,741
Total Generai Programs 62,813 62,599 (214) 101,138
Community Center:
Personal services 353,004 375,662 22,658 515,080
Supplies 65,333 56,824 (8,509) 87,558
Services and other charges 180,733 152,741 (27,992) 214,344
Capital outlay 5,000 2,912 (2,088) 3,913
Total Community Center 604,070 588,139 (15,931) 820,895
Park Maintenance:
Personal services 499,627 436,641 (62,986) 348,182
Supplies 71,150 56,281 (14,869) 46,246
Services and other charges 302,987 298,799 (4,188) 359,801
Capital outlay 36,075 31,551 (4,524) 8,975
Total Park Maintenance 909,839 823,272 (86,567) 763,204
Total Parks and Recreation 2,362,742 2,186,686 (176,056) 2,282,054
Economic Development
Convention Bureau:
Services and other charges 249,570 248,779 (791) 201,600
Total Economic Development 249,570 248,779 (791) 201,600
Nondepartmental
Expenditures not Charged to
Departments:
Personal services 3,000 3,227 227
5upplies 27,000 26,443 (557) 31,614
Services and other charges 343,500 277,856 (65,644) 284,146
Capital outlay 3,700 3,910 210 1,388
Total Nondepartmental $377,20� $311,436 ($65,764) $317,148
60
S= City of Brooklyn Center (Continued from prior page)
General Fund
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES
BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Administrative Service Reimbursement
Charged to otherfunds ($699,141) ($661,058) $38,083 ($611,534)
Total Administrative Service Reimbursement (699,141) (661,058) 38,083 (611,534)
Other Financina Uses
Operating transfers out:
Special Assessment Bonds Debt Service Fund 230,440 230,440 0
Special Assessment Construction Fund 394,197 394,197 0
Total Other Financing Uses 624,637 624,637 0 0
Total Expenditures and Other Financing Uses $12,400,072 $11,739,733 ($660,339) $10,908,340
1
61
City of Brooklyn Center, Minnesota
SPECIAL REVENUE FUNDS
The Special Revenue Funds are established to account for revenues derived from taxes and/or other specific
revenue sources. These resources are usually restricted by statute, City Charter or ordinance to finance specific
City functions or activities.
This fund type utilizes the modified accrual basis of accounting. Revenues are recognized in the accounting
period in which they become available and measurable. Expenditures are recognized in the accounting period
in which the related liability is incurred.
Housino and Redevelooment Authoritv Fund (H.R.A.I: This fund has authority to levy an ad valorem property
tax for the purpose of conducting housing and redevelopment projects. These projects are now done in the
E.D.A. Fund and all tax proceeds are transferred to that fund.
Economic Develooment Authoritv Fund (E.D.A.I: This fund was established to account for the Economic
Development Authority (E.D.A.) of Brooklyn Center. The E.D.A. carries out activities which previously were done
by the H.R.A., plus it has authority to operate an enterprise. The Earle Brown Heritage Center operates under
this authority and a statement of its operations can be found in the enterprise fund section of this report. The
E.D.A. also does redevelopment and housing projects, funded by an ad valorem property tax levy, and transfers
from the C.D.B.G. and H.R.A. funds.
Earle Brown Farm Tax Increment Financina District Fund: This fund has the authority to collect tax increments
which are used for the historic restoration of the Earle Brown Farm and for debt service payments of bonds which
also were issued for that purpose.
Tax Increment District No. 3 Fund.: This fund has the authority to collect tax increments which are used for
various redevelopment projects within the City and for debt service payments of bonds which also were issued
for that purpose.
Police Drua Forfeiture Fund: This fund was established to account for property and/or cash seized by police
personnel.
Communitv Develooment Block Grant Fund: The fund was established to account for funds received under Title
I of the Housing and Community Development Act of 1974. Transfers are made from this fund to the Economic
Development Authority Fund where accounting for project costs takes place.
Citv Initiatives Grant Fund: Revenues and expenditures from grants received from other governmental entities
are accounted for in this fund. Grant programs for 1997 include several public safety grants, an after school
enrichment recreation grant and a local planning assistance grant.
62
City of Brooklyn Center
Special Revenue Funds
COMBINING BALANCE SHEET
December 31, 1997
Economic Earle Brown Tax
Development Tax Incr. Increment
Authority Financing District
Fund District No. 3
ASSETS
Cash and cash equivalents $1,031,047 $29,924 $72,702
Investments 2,299,792 66,748 162,165
Accounts receivable 5,750
Delinquent taxes receivable 8,765
Due from other funds 136,017
Due from other governments 41,124
TOTAL ASSETS $3,481,371 $137,796 $234,867
LIABILITIES AND FUND BALANCES IDEFI
CITS1
Liabilities:
Accounts payable $3,499 $535
Accrued salaries payable 4,097
Accrued vacation and sick pay 22,757
Due to other funds
Advances from other funds $698,143
Deferred revenue 8,765
Total Liabilities 39,118 698,143 535
Fund Balances (Deficits):
Reserved:
Bond proceeds 2,945,726
Unreserved 496,527 (560,347) 234,332
Total Fund Balances (Deficits) 3,442,253 (560,347) 234,332
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS) $3,481,371 $137,796 $234,867
63
B-1
Police Drug City
Forfeiture Initiatives Totals
Fund Grant Fund 1997 1996
$3,112 $13,625 $1,150,410 $1,222,980
6,943 30,392 2,566,040 3,767,031
5,750
8,765 9,532
136,017 776,058
41,124 31,500
$10,055 $44,017 $3,908,106 $5,807,101
$10,774 $14,808 $11,865
60 4,157 3,979
22,757 21,420
0 170,125
698,143 698,143
8,765 9,532
10,834 748,630 915,064
2,945,726 2,896,472
$10,055 33,183 213,750 1,995,565
10,055 33,183 3,159,476 4,892,037
$10,055 $44,017 $3,908,106 $5,807,101
64
City of Brooklyn Center
Special Revenue Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
For the Year Ended December 31, 1997
Housing
and Economic Earle Brown
Redevelopment Development Tax Increment
Authority Authority Financing
Fund Fund District
Revenues
Propertytaxes $121,575 $174,279 $1,515,487
Intergovernmental 18,304
lnvestment earnings 236,661 9,657
Miscellaneous 17,938
Total Revenues 139,879 428,878 1,525,144
Expenditures
Personal services 168,740
Supplies 1,462
Services and other charges 874,782 2,269
Capital outlay 2,115,342
lnterest
Total Expenditures 3,160,326 2,269
Excess or Deficiency of Revenues
Over Expenditures 139,879 (2,731,448) 1,522,875
Other Financina Sources or Uses(-1
Proceeeds from sale of bonds
Operating transfers in 577,895
Operating transfers out (139,879) (1,240,000)
Total Other Financing 8ources or Uses(-) (139,879) 577,895 (1,240,000)
Excess or Deficiency of Revenues and Other
Financing Sources Over Expenditures and
Other Financing Uses 0 (2,153,553) 282,875
Fund Balances (Deficits) January 1 0 5,595,806 (843,222)
Equity Transfers In
Fund Balances (Deficits) December 31 $0 $3,442,253 ($560,347)
65
B-2
Tax Police City
Increment Drug Community Initiatives
District Foreiture Development Grant Totals
No. 3 Fund Block Grant Fund 1997 1996
$402,545 $2,213,886 $2,610,666
1 $438,016 $74,602 530,922 73,043
7,321 $415 1,497 255,551 340,957
6,127 10,669 34,734 30,681
409, 866 6, 542 438, 016 86, 768 3, 035, 093 3, 055, 347
15, 054 183, 794 163, 480
2, 235 90 3, 787 102
54, 987 27, 335 959, 373 335, 340
11,106 2,126, 448 608, 875
0 34,914
54,987 2,235 53,585 3,273,402 1,142,711
354,879 4,307 438,016 33,183 (238,309) 1,912,636
577, 895 193, 524
(260,000) (438,016) (2,077,895) (1,373,524)
(260,000) (438,016) (1,500,000) (1,180,000)
94,879 4,307 0 33,183 (1,738,309) 732,636
139,453 0 0 4,892,037 4,159,401
S, 748 5, 748
$234,332 $10,055 $0 $33,183 $3,159,476 $4,892,037
66
B-3
City of Brooklyri Center
Housing and Redevelopment Authority Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES 1N
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Revenues
Property taxes $121,179 $121,575 $396 $120,481
I ntergovernmental 18, 304 18, 304 0 17, 345
Total Revenues 139,483 139,879 396 137,826
Other Financina Uses
Operating transfers out (139,483) (139,879) (396) (137,826)
Excess or Deficiency of
Revenues over Other Financing Uses 0 0 0 0
Fund Balance January 1 0 0 0 0
Fund Balance December 31 $0 $0 $0 $0
67
B 4
City of Brooklyn Center
Economic Development Authority Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Revenues
Property taxes $173,750 $174,279 $529 $172,334
Investment earnings 105,000 236,661 131,661 339,104
Miscellaneous 17,000 17,938 938 30,681
Total Revenues 295,750 428,878 133,128 542,119
Ex�enditures
Personal services 165,974 168,740 2,766 163,480
Supplies 300 1,462 1,162 102
Services and other charges 1,432,715 874,782 (557,933) 333,801
Capital outlays 1,726,000 2,115,342 389,342 608,875
Total Expenditures 3,324,989 3,160,326 (164,663) 1,106,258
Excess or Deficiency of
Revenues over Expenditures (3,029,239) (2,731,448) 297,791 (564,139)
Other Financina Sources
Operating transfers in 398,454 577,895 179,441 193,524
r Total Other Financing Sources 398,454 577,895 179,441 193,524
Excess or Deficiency of
Revenues and Other Financing Sources
Over Expenditures (2,630,785) (2,153,553) 477,232 (370,615)
Fund Balance January 1 5,595,806 5,595,806 0 5,966,421
Fund Balance December 31 $2,965,021 $3,442,253 $477,232 $5,595,806
68
B-5
City of Brooklyn Center
Earle Brown Farm Tax Increment District Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over j
or Under(-) 1996
Budget Actual Budget Actual
Revenues
Propertytaxes $1,412,981 $1,515,487 $102,506 $2,180,251
Investment earnings 9,657 9,657
Total Revenues 1,412,981 1,525,144 112,163 2,180,251
Exoenditures
Services and other charges 2,000 2,269 269 1,539
Interest 0 34,914
Total Expenditures 2,000 2,269 269 36,453
Excess or Deficiency of
Revenues over Expenditures 1,410,981 1,522,875 111,894 2,143,798
Other Financina Uses (-1
Operating transfers out (1,240,000) (1,240,000) 0 (1,180,000)
Total Other Financing Uses (1,240,000) (1,240,000) 0 (1,180,000)
Excess or Deficiency of
Revenues over Expenditures
and Other Financing Uses 170,981 282,875 111,894 963,798
Fund Balance (Deficit) January 1 (843,222) (843,222) 0 (1,807,020)
Fund Balance (Deficit) December 31 ($672,241) ($560,347) $111,894 ($843,222)
69
B-6
City of Brooklyn Center
Tax Increment District No. 3 Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Revenues
Property taxes $281,416 $402,545 $121,129 $137,600
Investmentearnings 7,321 7,321 1,853
Total Revenues 281,416 409,866 128,450 139,453
Expenditures
Services and other charges 54,987 54,987
Total Expenditures 54,987 54,987
Excess or Deficienc of
Y�)
Revenues over Expenditures 281,416 354,879 73,463 139,453
Other Financina Uses (-1
Operating transfers out (260,000) (260,000) 0
Total Other Financing Uses (260,000) (260,000) 0
Excess or Deficiency of
Revenues over Expenditures
and Other Financing Uses 21,416 94,879 73,463 139,453
Fund Balance January 1 139,453 139,453 0 0
Fund Balance December 31 $160,869 $234,332 $73,463 $139,453
B_7
City of Brooklyn Center
Police Drug Forteiture Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-)
Budget Actual Budget
Revenues
Forfeited drug money $2,638 $6,127 $3,489
Investment earnings 415 415
Total Revenues 2,638 6,542 3,904
Exoenditures
Supplies 2,638 2,235 (403)
Total Expenditures 2,638 2,235 (403)
Excess or Deficiency of
Revenues over Expenditures 0 4,307 4,307
Fund Balance January 1 0 0 0
Equity Transfer In 5,748 5,748
Fund Balance December 31 $0 $10,055 $10,055
1
71
B
City of Brooklyn Center
Community Development Block Grant Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES fN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-) 1996
Budget Actual Budget Actual
Revenues
Intergovernmental
Federal Grants $258,971 $438,016 $179,045 $55,698
Total Revenues 258,971 438,016 179,045 55,698
Other Financina Uses
Operating transfers out 258,971 438,016 179,045 55,698
Excess or Deficiency of
Revenues over Other Financing Uses 0 0 0 0
Fund Balance January 1 0 0 0 0
Fund Balance December 31 $0 $0 $0 $0
r
t
i
i
i
1
1
1 72
B-9
City of Brooklyn Center
City Initiatives Grant Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET AND ACTUAL
For the Year Ended December 31, 1997
1997
Actual Over
or Under(-)
Budget Actual Budget
Revenues
Intergovernmental $215,833 $74,602 ($141,231)
Investment earnings 1,497 1,497
Miscellaneous 10,684 10,669 (15)
Total Revenues 226,517 86,768 (139,749)
Exaenditures
Personal services 65,469 15,054 (50,415)
Supplies 2,164 90 (2,074)
Services and other charges 123,796 27,335 (96,461)
Capital outlays 35,088 11,106 (23,982)
Total Expenditures 226,517 53,585 (172,932)
Excess or Deficiency of
Revenues over Expenditures 0 33,183 33,183
Fund Balance January 1 0 0 0
Fund Balance December 31 $0 $33,183 $33,183
73
City of Brooklyn Center, Minnesota
I DEBT SERVICE FUNDS
The Debt Service Funds were established to account for the payment (from taxes and other
resources) of interest and principal on long- term general obligation debt.
This fund type utilizes the modified accrual basis of accountin Revenues are reco nized
9 9
in the accounting period in which they become available and measurable. Expenditures are
recognized in the accounting period in which the principal and interest are due.
The City's Debt Service Funds included in this section are:
General Oblipation Bonds Fund: This fund is used to account for the accumulation of
resources for payment of general obligation bonds and interest thereon.
Tax Increment Bonds Fund: This fund is used to account for the accumulation of resources
for payment of tax increment general obligation bonds and interest thereon. These bonds
were sold to finance the purchase and redevelopment of the historic Earle Brown Farm and
other various redevelopment projects within the City.
Snecial Assessment Bonds Fund: This fund is used to account for the accumulation of
resources for the payment of special assessment bonds. These bonds were sold to finance
certain public improvements such as residential streets and storm sewers or the provision of
services which are to be paid for wholly or in part from special assessments levied against
benefited property.
74
C City of Brooklyn Center
Debt Service Funds
COMBINING BALANCE SHEET
December 31, 1997
General Tax Special
Obligation Increment Assessment TAtals
Bonds Bonds Bonds 1997 1996
ASSETS
Cash and cash equivalents $82,056 $459,532 $620,540 $1,162,128 $788,921
Investments 1,025,004 1,025,004 1,268,333
Delinquent taxes receivable 0 2,085
Special assessments receivable:
Deferred 1,509,789 1,509,789 774,989
Delinquent 4,010 4,010 6,556
Due from other funds 50,806 50,806 203,619
TOTALASSETS $82,056 $1,535,342 $2,134,339 $3,751,737 $3,044,503
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable $263 $126 $389 $389
Deferred revenue 1,513,799 1,513,799 783,630
Total Liabilities 263 1,513,925 1,514,188 784,019
Fund Balances:
ReseNed for debt service $82,056 1,535,079 620,414 2,237,549 2,260,484
Total Fund Balances 82,056 1,535,079 620,414 2,237,549 2,260,484
TOTAL LIABILITIES AND
FUND BALANCES $82,056 $1,535,342 $2,134,339 $3,751,737 $3,044,503
75
C-2
City of Brooklyn Center
Debt Service Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1997
General Tax Special
Obligation Increment Assessment Totals
Bonds Bonds Bonds 1997 1996
Revenues
Property taxes $136,425
Special assessments $253,169 $253,169 230,523
Intergovernmental $308,988 308,988 308,273
Investment earnings 28,056 $26,521 17,643 72,220 181,250
Total Revenues 337,044 26,521 270,812 634,377 856,471
Ex�enditures
Principal 170,000 780,000 185,000 1,135,000 5,125,000
Interest 138,588 755,893 122,647 1,017,128 1,106,661
Fiscal agent fees 400 525 1,135 2,060 3,199
Total Expenditures 308,988 1,536,418 308,782 2,154,188 6,234,860
Excess or Deficiency of Revenues
Over Expenditures 28,056 (1,509,897) (37,970) (1,519,811) (5,378,389)
Other Financina Sources or Uses (-1
Proceeds from sale of bonds 54,000 9,818 63,818 7,766
Operating transfers in 1,500,000 230,440 1,730,440 5,360,000
Operating transfers out 0 (4,180,000)
Total Other Financing Sources
or Uses 54,000 1,500,000 240,258 1,794,258 1,187,766
Excess or Deficiency of Revenues and
Other Sources over Expenditures
and Other Uses 82,056 (9,897) 202,288 274,447 (4,190,623)
Fund Balances January 1 1,544,976 715,508 2,260,484 6,451,107
Equity Transfer Out (297,382) (297,382)
Fund Balances December 31 $82,056 $1,535,079 $620,414 $2,237,549 $2,260,484
76
City of Brooklyn Center, Minnesota
CAPITAL PROJECTS FUNDS
r
The Capital Projects Funds are established to account for all resources used for the
construction or acquisition of capital facilities by the City except those financed by Enterprise
Funds.
This fund type utilizes the modified accrual basis of accounting. Revenues are recognized in
the accounting period in which they become available and measurable. Expenditures are
recognized in the accounting period in which the related liability is incurred.
The City's Capital Projects Funds included in this section are:
Canital Reserve Emeraencv Fund: This fund was established in 1997 to account for monies
held in reserve for catastrophic losses.
r Canital Imnrovements Fund: This fund was established in 1968 to provide funds, and to
account for the expenditure of such funds, for major capital outlays including, but not be
limited to, construction or acquisition of major permanent facilities having a relatively long life;
and/or to reduce debt incurred for capital outlays. The financing sources of the fund include
ad valorem taxation, transfers from other Funds, issuance of bonds, federal and state grants,
and investment earnings.
Municinal State Aid for Construction Fund: This fund was established to account for the state
allotment of gasoline tax collections used for transportation related construction projects.
Snecial Assessment Construction Fund: This fund was established to account for the
resources and expenditures required for the acquisition and construction of capital facilities
or improvements financed wholly or in part by special assessments levied against benefitted
properties.
i
77
D=1 City of Brooklyn Center
Capital Projects Funds
COMBINING BALANCE SHEET
December 31, 1997
Municipal
Capital State Aid Special
Reserve Capital for Assessment Totals
Emergency Improvements Construction Construction
Fund Fund Fund Fund 1997 1996
ASSETS
Cash and cash equivalents $315,767 $3,424,594 $643,916 $521,329 $4,905,606 $1,930,095
Investments 704,332 7,638,693 1,436,280 1,162,845 10,942,150 5,945,090
Accounts receivable 16,426 16,426 30,867
Special assessments:
Deferred 669,338 669,338 928,756
Delinquent 4g,24p qg,2qp �g 4� 2
Due from other funds 41,656 449,998 84,946 576,600 812,091
Due from other governments 135,564 135,564 132,977
Advance to other funds 1,234,384 593,069 1,827,453 1,854,339
TOTAL ASSETS $1,061,755 $12,747,669 $2,893,775 $2,416,178 $19,119,377 $11,712,627
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $85,379 $4,817 $2,768 $92,964 $62,851
Contracts payable 79,008 74,128 146,885 300,021 724,560
Due to other funds 715,577 715,577 1,552,809
Accrued salaries and wages 28 251 2,298 2,577 1,987
Deferred revenue 104,150 715,578 819,728 1,140,145
Total Liabilities 164,415 183,346 1,583,106 1,930,867 3,482,352
Fund Balances:
Reserved:
Advances to other funds 1,234,384 593,069 1,827,453 1,854,339
Bond proceeds 7,564,900 7,564,900
Unreserved $1,061,755 3,783,970 2,117,360 833,072 7,796,157 6,375,936
Total Fund Balances 1,061,755 12,583,254 2,710,429 833,072 17,188,510 8,230,275
TOTAL LIABILITIES AND
FUND BALANCES $1,061,755 $12,747,669 $2,893,775 $2,416,178 $19,119,377 $11,712,627
�8
r o_2
City of Brooklyn Center
Capital Projects Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
For the Year Ended December 31, 1997
Municipal
Capital State Aid Special
Reserve Capital for Assessment
Emergency Improvements Construction Construction Totals
Fund Fund Fund Fund 1997 1996
Revenues
Special assessments $765,532 $765,532 $607,887
Intergovernmental $470,605 470,605 1,970,028
Investment earnings $61,755 $291,640 158,127 60,273 571,795 545,741
Miscellaneous 4,g27 4,g27
Total Revenues 61,755 291,640 628,732 830,732 1,812,859 3,123,656
Ex�enditures
Personal services 3,684 26,823 174,482 204,989 230,369
Supplies 2,897 304 5,613 8,814 10,795
Services and other charges 215,220 190,462 122,989 528,671 1,219,967
Accounts receivable write-off 30,684 30,684
Capital outlay 226,660 716,693 990,784 1,934,137 3,744,117
Interest 50,090 50,090 140,642
Total Expenditures 479,145 934,282 1,343,958 2,757,385 5,345,890
Excess or Deficiency of Revenues
Over Expenditures 61,755 (187,505) (305,550) (513,226) (944,526) (2,222,234)
Other Financina Sources or Uses(-1
Proceeeds from sale of bonds 7,846,000 1,065,182 8,911,182 1,422,720
Operating transfers in 567,950 567,950
Operating transfers out (173,753) (173,753)
Total Other Financing Sources
or Uses 7,672,247 1,633,132 9,305,379 1,422,720
Excess or Deficiency of Revenues and Other
Financing Sources Over Expenditures and
Other Financing Uses 61,755 7,484,742 (305,550) 1,119,906 8,360,853 (799,514)
Fund Balances (Deficits) January 1 0 5,998,512 3,015,979 (784,216) 8,230,275 9,029,789
Equity Transfers In (Out) 1,000,000 (900,000) 497,382 597,382
Fund Balances December 31 $1,061,755 $12,583,254 $2,710,429 $833,072 $17,188,510 $8,230,275
79
S-3
City of Brooklyn Center i
Capital Improvements Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1997
Project Over(-) Under
1997 to Date Expended
Project Appropriations Expenditures Expenditures Appropriations
Fire training facility $95,000 $25,000 $95,000 $0
Pool ozonation system 38,500 3,093 3,093 35,407
Central garage improvements 1,133,624 1,151 1,235, 321 (101,697)
Civic center remodelling 7,472 7,472 (7,472)
East fire station project 1,106,000 37,711 37,711 1,068,289
0o West fire station project 2,449,000 152,108 152,108 2,296,892
Police station project 4,345,000 91,282 91,281 4,253,719 �I,
Underground tank replacement 166,834 122,532 125,000 41,834
Park lighting improvements 31,320 8,112 31,320 p
Totals $9,365,278 $448,461 $1,778,306 $7,586,972
i
I
i i
S-4
City of Brooklyn Center
Municipal State Aid for Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1997
Project Over(-) Under
1997 to Date Expended
Project Appropriation Expenditures Expenditures Appropriations
Humboldt Avenue improvements $507,486 $15,467 $555,019 ($47,533)
69th Ave., Shingle Creek Pkwy to Dupont Ave. improvements 1,744,298 28,608 1,649,783 94,515
France Ave., 69th Ave to North City Limits improvements 398,217 168,557 173,403 224,814
Miscellaneous sidewalk repairs 24,184 24,184 (24,184)
Orchard Lane West improvements 34,349 54,926 54,926 (20,577)
Brooklyn Boulevard improvements 207,090 5,449 210,155 (3,065)
Earle Brown Drive overlay 2,754 2,754 (2,754)
Xerxes, 53rd Avenue improvements 118,604 109,055 118,843 (239)
Logan, James and Knox Avenues Neighborhood improvements 740,569 525,282 1,274,944 (534,375)
Totals $3,750,613 $934,282 $4,064,011 ($313,398)
S-5
City of Brooklyn Center
Special Assessment Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1997
Project Over(-) Under
1997 to Date Expended
Project A ropriations Expenditures Expenditures Appropriations
Logan, James and Knox Avenues improvements $746,847 ($531,601) $236,792 $510,055
Orchard Lane East improvements 1,086,354 (129,988) 1,159,128 (72,774)
Xerxes, 53rd Avenue improvements 47,962 (29,504) 47,962 0
Orchard Lane West improvements 2,017,610 1,743,262 1,795,841 221,769
France Ave., 69th Ave to North City Limits improvements 158,360 160,900 160,900 (2,540)
1996 improvement projects reforestation 26,258 27,328 27,328 (1,070)
Bellvue neighborhood street improvements 988,789 24,870 24,870 963,919
St. AI's neighborhood street improvements 8,559 8,559 (8,559)
68th Avenue and Lee street improvements 2,151 2,151 (2,151)
Totals $5,072,180 $1,275,977 $3,463,531 $1,608,649
i
City of Brooklyn Center, Minnesota
ENTERPRISE FUNDS
The Enterprise Funds were established to account for the financing of self supporting
activities of the City which render services on a user charge basis to the general public.
Revenues and expenses in these funds are recognized on the accrual basis of accounting.
Revenues are recognized in the accounting period in which they are earned and become
objectively measurable. Expenses are recognized in the period incurred, if objectively
measurable.
The City's Enterprise Funds included in this section are:
Munici�al Liauor Fund: This fund accounts for the operations of the City's three municipal
off-sale liquor stores.
Golf Course Fund: This fund accounts for operations of Centerbrook Golf Course, a 9 hole,
par 3 course owned by the City.
Earle Brown Heritaae Center Fund: This fund accounts for the operation of a pioneer
farmstead which has been historically preserved and restored as a modern multipurpose
facility. Its convention center can host conferences, trade shows, and concerts seating 1,000
people in either banquet or theater style. The "Inn On The Farm" is a bed and breakfast with
ten rooms available to complement convention activities or be rented individually. Earle's, a
unique special occasion restaurant, is also located at the "Inn on the Farm". Several of the
barns have been restored as unique office settings which have found a niche in the market.
Recvclina and Refuse Fund: This fund accounts for the operation of a state mandated
recycling program. Expansion into refuse collection will take place only when there is a clear
advantage to be achieved by it.
Water Utilitv Fund: This fund accounts for the provision of water to customers.
Administration, wells, water storage, and distribution are included.
Sanitarv Sewer Fund: This fund accounts for the collection and pumping of sanitary sewage
through a system of sewer lines and lift stations. Sewage is treated by the Metropolitan
Council Environmental Services whose fees represent about 75% of this fund's expenses.
Storm Drainaae Fund: This fund accounts for the operations and improvements of the storm
water drainage system. It incorporates not only the storm sewer system, but also water
structures such as holding ponds and facilities to improve water quality. Fees are based upon
the amount of water running off a property and vary with both size and absorption
characteristics of the parcel.
83
City of Brooklyn Center
Enterprise Funds
COMBINING BALANCE SHEET
December 31, 1997
E. Brown
Municipal Golf Heritage
Liquor Course Center
ASSETS Fund Fund Fund
Current Assets:
Cash and cash equivalents $176,308 $40,922 $152,655
I nvestm ents
Accounts receivable net 1,500 241,586
Accrued revenue
Special assessments receivable:
Deferred
Delinquent
Due from other governments
Inventories 295,971 5,879 23,001
Prepaid expenses 6,570 9,121
Total Current Assets 480,349 46,801 426,363
Fixed Assets:
Mains and lines
Structures 327,668 307,974 9,635,098
Equipment 133,191 21,175 929,871
La nd 107, 255 1, 391, 711 925, 000
Land improvements 17,062 77,450
585,176 1, 798, 310 11, 489, 969
Less: Accumulated Depreciation 278,073 127,124 2,396,827
Total Net Fixed Assets 307,103 1,671,186 9,093,142
Total Assets $787,452 $1,717,987 $9,519,505
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable $93,360 $478 $165,311
Contracts payable
Accrued salaries payable 10,646 979 34,025
Accrued vacation and sick pay 28,340 2,534 23,017
Accrued interest payable
Due to other funds 385,000
Current portion of long-term debt 28,071 50,000
Total Current Liabilities 160,417 53,991 607,353
Long-Term Liabilities:
Bonds payable
Advances from other funds 56,313 1,100,000
Total Long-term Liabilities 56,313 1,100,000
Fund Equity:
Contributions 636,886 8,889,506
Retained earnings (Deficits)
Reserved:
Debt service
Special assessments
Unreserved 570,722 (72,890) 22,646
Total Fund Equity 570,722 563,996 8,912,152
Total Liabilities and Fund Equity $787,452 $1,717,987 $9,519,505
84
E-1
Recycling Water Sanitary Storm
8� Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund 1997 1996
$18,678 $1,017,745 $361,539 $46,794 $1,814,641 $1,769,461
41, 663 2, 270,120 806, 427 104, 375 3, 222, 585 4, 763, 372
12, 486 67, 655 170,122 51,104 544, 453 943, 417
28,704 140,468 314,096 131,619 614,887 369,475
84,059 5,008 237,007 326,074 325,550
3, 579 1, 094 4, 673 4, 376
80, 850 106, 321 187,171 234, 367
15, 530 340, 381 379, 059
126, 348 142, 039 159, 568
101, 531 3, 599,156 1, 864, 390 678, 314 7,196, 904 8, 948,645
r 11,361,915 8,815,214 4,566,823 24,743,952 21,852,447
4, 423, 311 2, 757,131 17, 451,182 17, 399,614
21, 767 14,124 4, 590 1,124, 718 1, 281, 475
23, 093 3, 388 287,158 2, 737,605 2, 738,600
2, 600 97,112 92, 954
15, 832, 686 11, 589, 857 4, 858, 571 46,154, 569 43, 365, 090
4,380,284 2,539,662 106,463 9,828,433 9,487,340
11, 452, 402 9, 050,195 4, 752,108 36, 326,136 33, 877, 750
$101,531 $15,051,558 $10,914,585 $5,430,422 $43,523,040 $42,826,395
$833 $45,117 $16,698 $321,797 $305,382
80, 388 3, 655 $67, 013 151, 056 140, 062
6, 395 3, 966 301 56, 312 55, 630
7, 503 5, 571 66, 965 59, 659
32, 994 32, 994 35, 835
385, 000 762, 005
165,000 243,071 181,886
833 139,403 29,890 265,308 1,257,195 1,540,459
1, 400, 000 1, 400, 000 1, 565, 000
1,156, 313 1, 234, 384
1, 400, 000 2, 556, 313 2, 799, 384
4,997,510 5,668,426 657,832 20,850,160 21,042,114
240, 390 240, 390 237, 595
87,638 5,008 238,101 330,747 329,926
100,698 9,827,007 5,211,261 2,628,791 18,288,235 16,876,917
100,698 14,912,155 10,884,695 3,765,114 39,709,532 38,486,552
$101,531 $15,051,558 $10,914,585 $5,430,422 $43,523,040 $42,826,395
85
City of Brooklyn Center
Enterprise Funds
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
E. Brown
Municipal Golf Heritage
Liquo� Course Center
Fund Fund Fund
Ooeratina Revenues
Sales and user fees $3,006,982 $354,380 $2,531,083
Cost of sales 2,295,705 39,906 363,271
Gross Margin 711,277 314,474 2,167,812
Ooeratina Exoenses
Personal services 376,810 137,761 1,275,391
Su ppl ies 11, 903 23, 573 148, 935
Other services 42,742 49,432 481,211
Insurance 14,348 5,624 25,142
Uti I iti es 26, 558 11, 652 132, 645
Rent 38,133 43, 282
Dep reciation 24, 768 17, 251 379, 413
Total Operating Expenses 535,262 245,293 2,486,019
Operating Income (Loss) 176,015 69,181 (318,207)
Nono�eratina Revenues or Exoenses(-1
Investment earnings 6,910 1,729
Special assessments
I ntergovernmental
Other revenue 8,644
Interest and fiscal agent fees (6,936) (57,500) (27,148)
Total Nonoperating 8,618 (55,771) (27,148)
Income (Loss) Before Operating Transfers 184,633 13,410 (345,355)
Operating Transfers Out (100,000)
Net Income (Loss) 84,633 13,410 (345,355)
Depreciation on contributed assets
that reduces contributed capital 348,738
Retained Earnings (Deficits) Jan. 1 486,089 (86,300) 19,263
Retained Earnings (Deficits) Dec. 31 $570,722 ($72,890) $22,646
86
E_2
Recycling Water Sanitary Storm
Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund 1997 1996
$210,070 $1,116,399 $2,251,684 $856,920 $10,327,518 $10,204,257
2, 698, 882 2, 565, 231
210,070 1,116,399 2,251,684 856,920 7,628,636 7,639,026
353,186 189,167 106,203 2,438, 518 2, 387, 977
86, 813 10, 340 303 281, 867 288,153
219,354 2�1,094 1,652,855 90,979 2,737,667 2,709,862
105 9, 874 3, 982 1,177 60, 252 67, 989
118,145 24, 733 313, 733 331,150
81,415 92,774
233, 746 187, 905 59, 634 902, 717 772, 031
219, 459 1, 002, 858 2, 068, 982 258, 296 6, 816,169 6, 649, 936
1 (9,389) 113,541 182,702 598,624 812,467 989,090
4,783 243,860 107,888 3,412 368,582 503,586
23,114 389 25, 319 48, 822 (6, 248
101,920 101,920
546 6, 056 15, 246 15,197
(89,257) (180,841) (190,342)
4, 783 267, 520 114, 333 41, 394 353, 729 322,193
(4,606) 381,061 297,035 640,018 1,166,196 1,311,283
(100,000) (100,000)
(4,606) 381,061 297,035 640,018 1,066,196 1,211,283
348, 738 309, 772
105,304 9,533,584 4,919,234 2,467,264 17,444,438 15,923,383
$100,698 $9,914,645 $5,216,269 $3,107,282 $18,859,372 $17,444,438
r 87
City of Brooklyn Center
Enterprise Funds
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1997
E. Brown
Municipal Golf Heritage
Liquor Course Center
Cash flows from ooeratino activities: Fund Fund Fund
Operating income(loss) $176,015 $69,181 ($318,207)
Adjustments to reconcile operating income
(loss) to net cash provided by (used for)
operating activities:
Depreciation 24,768 17,251 379,413
Changes in assets and liabilities:
Receivables 1,137 196, 358
Inventories 32,618 1,621 4,429
Prepaid expenses 10,063 2,000 6,772
Payables 52,801 (2,497) (7,342)
Accrued expenses 6,040 720 2,443
Accrued interest payable
Other nonoperating income 8,644
Net cash provided by (used for)
operating activities 312,086 88,276 263,866
Cash flows from nonca�ital financina activities:
Proceeds from borrowings on advance
Proceeds from borrowings on due to other funds
Principal repayments on advance (26,886)
Principal repayments on due to other funds (2pp,ppp)
Interest paid on advance from other funds (6,936) (57,500)
Interest paid on due to other funds (27,148)
Operating transfers out (100,000)
Net cash used for noncapital
financing activities (133,822) (57,500) (227,148)
Cash flows from capital and related
financina activities:
Capital contributions
Acquisition and construction of capital assets (9,016) (98,512)
Principal paid on revenue bonds
Interest paid on revenue bonds
Net cash used for capital and related
financing activities ($9,016) 0 (98,512)
Cash flows from investina activities:
Investments purchased
Investments sold or matured
Interest on investments 6,910 1,729
Net cash provided by (used for)
investing activities 6,910 1,729 0
Net increase (decrease) in cash and
cash equivalents 176,158 32,505 (61,794)
Cash and cash equivalents at
beginning of the year 150 8,417 214,449
Cash and cash equivalents at
end of the year $176,308 $40,922 $152,655
r
88
E
Recycling Water Sanitary Storm
8 Refuse Utility Sewer Drainage Totals
Fund Fund Fund Fund 1997 1996
($9,389) $113,541 $182,702 $598,624 $812,467 $989,090
N
233,746 187,905 59,634 902,717 772,031
4,953 (62,558) (49,109) 109,146 199,927 35,113
10 38,678 (22,470)
(1,306) 17,529 (16,357)
(1) 110,848 (129,691) 3,291 27,409 (784,648)
(8,970) 7,708 47 7,988 25,067
(2,841) (2,841) (1,925)
23,660 6,445 127,239 165,988 8,949
(4,437) 410,277 204,654 895,140 2,169,862 1,004,850
r
o ,».00s
(177,005) (203,891) (36,402)
(200,000) (10,755)
(64,436) (67,673)
(27,148) (35,979)
(100,000) (100,000)
0 0 0 (177,005) (595,475) (73,804)
156,784 156,784 354,085
(1,849,371) (911,299) (482,905) (3,351,103) (4,430,187)
(155,000) (155,000) (110,000)
(89,257) (89,257) (86,690)
0 (1,849,371) (911,299) (570,378) (3,438,576) (4,272,792)
(30,568) (1,665,597) (563,884) (104,375) (2,364,424) (1,094,967)
34,196 2,779,833 1,091,182 3,905,211 4,665,015
4,783 243,860 107,888 3,412 368,582 503,586
8,411 1,358,096 635,186 (100,963) 1,909,369 4,073,634
3,974 (80,998) (71,459) 46,794 45,180 731,888
14,704 1,098,743 432,998 0 1,769,461 1,037,573
$18,678 $1,017,745 $361,539 $46,794 $1,814,641 $1,769,461
89
E-4
City of Brooklyn Center
Municipal Liquor Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Sales
Liquor $966,551 $905,644
Wine 317,450 295,757
Beer 1, 536,179 1,462,664
Soft drinks 57,410 58,390
Other merchandise 129,392 127,852
Total Sales 3,006,982 2,850,307
Less: Cost of Sales 2,295,705 2,157,659
Gross Margin 711,277 692,648
O�eratina Exnenses
Personal services 376,810 369,060
Supplies 11,903 11,499
Other services 42,742 47,425
Insurance 14,348 13,520
Utilities 26,558 24,506
Rent 38,133 35,936
Depreciation 24,768 22,745
Total Operating Expenses 535,262 524,691
Operating Income 176,015 167,957
Nono�eratina Revenue or Exoense(-1
Investment earnings 6,910 1,668
Other revenue 8,644 9,813
Interest and fiscal agent fees (6,936) (9,598)
Total Nonoperating 8,618 1,883
Operating Transfers to General Fund 100,000 100,000
Net Income 84,633 69,840
Retained Earnings January 1 486,089 416,249
Retained Earnings December 31 $570,722 $486,089
90
E
City of Brooklyn Center
Golf Course Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Oqeratina Revenues
Green fees $268,808 $250,514
Rentals 12,555 10,374
Leagues 12,647 6,918
Golf lessons 8,692 8,271
Concessions 29,821 25,647
Merchandise 19,324 23,309
Pop machine 1,678 2,470
Miscellaneous 855 139
Total Operating Revenues 354,380 327,642
Less: Cost of Sales 39,906 34,221
Gross Margin 314,474 293,421
Operatina Exoenses
Personal services 137,761 127,364
Supplies 23,573 20,672
Other services 49,432 39,536
I nsurance 5,624 6,451
Utilities 11,652 12,880
Depreciation 17,251 16,322
Total Operating Expenses 245,293 223,225
Operating Income 69,181 70,196
Nononeratina Revenue or Expense(-)
Investment earnings 1,729 788
Interest and fiscal agent fees (57,500) (58,075)
Total Nonoperating (55,771) (57,287)
Net Income 13,410 12,909
Retained Earnings (Deficit) January 1 (86,300) (99,209)
Retained Earnings (Deficit) December 31 ($72,890) ($86,300)
91
E; City of Brooklyn Center
Earle Brown Heritage Center Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Operatino Revenues
Conventions $672,223 $757,860
Catering 1,467,157 1,469,046
Inn on the Farm 311,929 327,265
Office Rents 79,774 110,505
Total Operating Revenues 2,531,083 2,664,676
Less: Cost of Sales 363,271 373,351
Gross Margin 2,167,812 2,291,325
Operatinq Ex �enses
Personal services 1,275,391 1,228,081
Supplies 148,935 159,216
Other services 481,211 457,471
Insurance 25,142 31,072
Utilities 132,645 148,684
Rent 43,282 56,838
Depreciation 379,413 333,384
Tota1 Operating Expenses 2,486,019 2,414,746
Operating Loss (318,207) (123,421)
Nonoperatina Revenue or Exnense(-)
Interest and fiscal agent fees (27,148) (35,979)
Total Nonoperating (27,148) (35,979)
Net Loss (345,355) (159,400)
Depreciation on contributed assets that
reduces contributed capital 348,738 309,772
Retained Earnings (Deficit) January 1 19,263 (131,109)
Retained Earnings December 31 $22,646 $19,263
92
E-7
City of Brooklyn Center
Recycling and Refuse Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Operatinq Revenues
Recycling service fees $210,070 $211,468
Oqeratina Exoenses
Other services 219,354 219,356
Insurance 105 216
Total Operating Expenses 219,459 219,572
Operating Loss (9,389) (8,104)
Nonoperatinq Revenues
Investment earnings 4,783 5,102
Total Nonoperating 4,783 5,102
Net Loss (4,606) (3,002)
Retained Earnings January 1 105,304 108,306
Retained Earnings December 31 $100,698 $105,304
r
93
E-8 City of Brooklyn Center
Water Utility Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Operatina Revenues
Service to customers $1,018,908 $1,049,352
Sale of ineters 14,400 24,884
Penalties 83,091 70,804
Total Operating Revenues 1,116,399 1,145,040
Oqeratina Expenses
Personal services 353,186 354,630
Supplies 86,813 87,393
Contractual services 201,094 182,632
I nsurance 9, 874 10, 511
Utilities 118,145 124,005
Depreciation 233, 746 230,236
Total Operating Expenses 1,002,858 989,407
Operating Income 113,541 155,633
Nonoqeratina Revenues or Expenses(-)
Investment earnings 243,860 283,215
Special assessments (for hookups delinquencies) 23,114 (6,924)
Other 546 5,073
Total Nonoperating 267,520 281,364
Net Income 381 061
436, 997
Retained Earnings January 1 9,533,584 9,096,587
Retained Earnings December 31 $9,914,645 $9,533,584
9
4
E-9
City of Brooklyn Center
Sanitary Sewer Fund
COMPARATIVE STATEMENT OF REVENUES
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Oqeratina Revenues
Service to customers $2,251,684 $2,182,144
Operatina Exqenses
Personal services 189,167 182,608
Supplies 10,340 8,515
Contractual services 107,466 129,272
Metropolitan Council Environmental Services 1,545,389 1,557,774
Insurance 3,982 4,738
Utilities 24,733 21,075
Depreciation 187,905 127,159
Total Operating Expenses 2,068,982 2,031,141
Operating Income 182,702 151,003
Nonoaeratinq Revenues
Investment earnings 107,888 165,450
Special assessments (for hookups delinquencies) 389 676
Other 6,056 311
Total Nonoperating 114,333 166,437
Net Income 297,035 317,440
Retained Earnings January 1 4,919,234 4,601,794
Retained Earnings December 31 $5,216,269 $4,919,234
95
E-10
City of Brooklyn Center
Storm Drainage Fund
COMPARATIVE STATEMENT OF REVENUES, EXPENSES r
AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
1997 1996
Operatina Revenues
Service to customers $856,920 $822,980
Operatina Expenses
Personal services 106,203 126,234
Supplies 303 858
Contractual services 90,979 76,396
Insurance 1,177 1,481
Depreciation 59,634 42,185
Total Operating Expenses 258,296 247,154
O eratin Income
p g 598,624 575,826
Nonoqeratina Revenues or Expensef-)
Investment earnings 3,412 47,363
Special assessments interest 25,319
Intergovernmental 101,920
Interest and fiscal agent fees (89,257) (86,690)
Total Nonoperating 41,394 (39,327)
Net Income 640,018 536,499
Retained Earnings January 1 2,467,264 1,930,765
Retained Earnings December 31 $3,107,282 $2,467,264
96
City of Brooklyn Center, Minnesota
INTERNAL SERVICE FUNDS
Internal Service Funds are used to account, on a cost reimbursement basis, for the financing
of goods or services provided by one department to other departments of the City.
Revenues and expenses in these funds are recognized on the accrual basis of accounting.
Revenues are recognized in the accounting period in which they are earned and become
measurable. Expenditures are recognized in the accounting period in which they are incurred.
Public Emnlovees Retirement Fund: This fund provides certain health care insurance benefits
for City employees who retire before age 65. Substantially all of the City's full time police and
fire employees; and all other full time employees hired before July 1, 1989, may be eligible
for those benefits from the time they qualify for an unreduced PERA pension until they reach
age 65 or become eligible for Medicare. In the event that future costs would exceed
earnings, other funds would be charged for the costs associated with their employees.
Central Garaae Fund; This fund was established to account for the acquisition and
maintenance of all City vehicles and rolling stock equipment. Vehicle and equipment
maintenance, repair, and replacement will be provided from rental rates which the Central
Garage charges City operating departments for use of the equipment.
97
F_1 City of Brooklyn Center
Internal Service Funds
COMBINING BALANCE SHEET
December 31, 1997
Public
Employees Central
Retirement Garage Totals
ASSETS Fund Fund 1997 1996
Current Assets:
Cash and cash equivalents $365,950 $1,216,641 $1,582,591 $1,174,494
Investments 816,266 2,713,766 3,530,032 3,617,686
Accounts receivable 2,398 1,762 4,160 5,603
I nvento ries 6, 090 6, 090 13,160
Total CurrentAssets 1,184,614 3,938,259 5,122,873 4,810,943
Fixed Assets:
Equipment 4,778,894 4,778,894 4,696,440
Less: Accumulated Depreciation 2,286,861 2,286,861 2,265,422
Total Net Fixed Assets 2,492,033 2,492,033 2,431,018
TOTALASSETS $1,184,614 $6,430,292 $7,614,906 $7,241,961
LIABILITIES AND FUND EQUITY
Current Liabilities:
Accounts payable $11,678 $11,678 $96,564
Accrued salaries payable 6,404 6,404 6,070
Accrued vacation and sick pay 26,502 26,502 26,535
Accrued heatth insurance liability $1,218,229 1,218,229 1,047,920
Total Current Liabilities 1,218,229 44,584 1,262,813 1,177,089
Fund Equity:
Contributions:
Transfers from:
General Fund 950,000 950,000 950,000
Debt Service Funds 1,335,437 1,335,437 1,335,437
Capital Projects Funds 8,078 8,078 8,078
Enterprise Funds 588,304 588,304 588,304
General Fixed Asset Account Group 585,854 585,854 763,307
Total Contributions 3,467,673 3,467,673 3,645,126
Retained Earnings (Deficits):
Unreserved (33,615) 2,918,035 2,884,420 2,419,746
Total Fund Equity (Deficits) (33,615) 6,385,708 6,352,093 6,064,872
TOTA� �IABIL{TIES AND FUND EQUITY $1,184,614 $6,430,292 $7,614,906 $7,241,961
98
F
City of Brooklyn Center
Internal Service Funds
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1997
Public
Employees Central
Retirement Garage Totais
Fund Fund 1997 1996
Ooeratina Revenues
Billingstodepartments $1,106,021 $1,106,021 $1,406,660
Sales 76,509 76,509 93,357
Total Operating Revenues 1,1$2,530 1,182,530 1,500,017
Ooeratina Exaenses
Personal Services $183,514 242,044 425,558 309,825
Supplies 222,057 222,057 239,093
Other Services 67,197 67,197 64,868
Insurance 28,084 28,084 34,691
Depreciation 442,416 442,416 438,846
Total Operating Expenses 183,514 1,001,798 1,185,312 1,087,323
Operating Income (Loss) (183,514) 180,732 (2,782) 412,694
Nonooeratina Revenue or Ex�ense (-1
Investment Earnings 69,149 220,854 290,003 273,415
Total Nonoperating 69,149 220,854 290,003 273,415
Net Income (Loss) (114,365) 401,586 287,221 686,109
Depreciation on contributed assets that
reduces contributed capital 177,453 177,453 213,280
Retained Earnings January 1 80,750 2,338,996 2,419,746 1,520,357
Retained Earnings (Deficit) December 31 ($33,615) $2,918,035 $2,884,420 $2,419,746
99
F= City of Brooklyn Center
Internal Service Funds
COMBINING STATEMENT OF CASH FLOWS
For the Year Ended December 31, 1997
Employee Central
Retirement Garage Totals
Fund Fund 1997 1996
Cash flows from o�eratina activities:
Operating income (loss) ($183,514) $180,732 ($2,782) $412,694
Adjustments to reconcile operating income
(loss) to net cash provided by (used for)
operating activities:
Depreciation 442,416 442,416 438,846
Changes in assets and liabilities:
Accounts receivable 648 795 1,443 7,966
Inventories 7,070 7,070 (3,115)
Accounts payable (84,886) (84,886) (6,798)
Accrued salaries and leave 301 301 5,043
Accrued health insurance liability 170,309 170,309 60,839
Net cash provided by (used for) operating activities (12,557) 546,428 533,871 915,475
Cash flows from caoital and related
financino activities:
Acquisition of fixed assets (503,431) (503,431) (885,116)
Net cash used for capital and related financing activities (503,431) (503,431) (885,116)
Cash flows from investinq activities:
Investments purchased (598,898) (1,191,102) (1,790,000) (831,606)
Investments sold or matured 632,382 1,245,272 1,877,654 1,268,508
Interest on investments 69,149 220,854 290,003 273,415
Net cash provided by investing activities 102,633 275,024 377,657 710,317
Net increase in cash and cash equivalents 90,076 318,021 408,097 740,676
Cash and cash equivalents at beginning
oftheyear 275,874 898,620 1,174,494 433,818
Cash and cash equivalents at end of
the year $365,950 $1,216,641 $1,582,591 $1,174,494
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100
City of Brooklyn Center, Minnesota
GENERAL FIXED ASSET ACCOUNT GROUP
The General Fixed Asset Account Group was established to account for the City's fixed assets
which are not accounted for in an enterprise fund, and which are tangible in nature, have a
life longer than the current fiscal year, and have a significant value. Depreciation is not
recorded on those assets.
101
S= City of Brooklyn Center
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE
For the Year Ended December 31, 1997
January 1, December 31,
1997 1997
Balance Acquisitions Disposa�s Balance
Investments in General Fixed Assets
Land $2,369,801 $737 $2,369,064
Buildings and improvements 6,226,511 $486,600 102,824 6,610,287
Park improvements 3,279,047 8,112 36,600 3,250,559
Furniture 1,490,138 95,610 223,781 1,361,967
Departmental equipment 1,172,598 68,854 337,657 903,795
Total Investments in General
Fixed Assets $14,538,095 $659,176 $701,599 $14,495,672
Sources of Investments
Generallndebtedness $1,072,819 $281,101 $51,774 $1,302,146
General Fund revenues 5,569,919 219,338 268,800 5,520,457
Liquor store income 162,620 7,848 154,772
Contributions 230,423 11,120 219,303
Capital projects funds 6,712,838 158,737 323,957 6,547,618
Federal grants 789,476 38,100 751,376 t
Total Sources of Investments $14,538,095 $659,176 $701,599 $14,495,672
102
S
City of Brooklyn Center
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 1997
Buildings and Park Furniture and
Function Land Improvements Improvements Equipment Total
General government $648,332 $648,332
Government buildings $303,770 $5,933,923 $301,340 409,711 6,948,744
Public safety 105,189 862,647 967,836
Public works 119,983 119,983
Recreation 176,917 176,917
Parks 2,065,294 571,175 2,949,219 48,172 5,633,860
Totals $2,369,064 $6,610,287 $3,250,559 $2,265,762 $14,495,672
103
S
City of Brooklyn Center
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
For the Year Ended December 31, 1997
Generai Fixed Genera! Fixed
Assets Assets
January 1, December 31,
Function 1997 Additions Deductions 1997
General government $482,977 $165,355 $648,332
Government buildings 6,604,464 384,379 $40,099 6,948,744
Public safety 1,315,893 65,108 413,165 967,836
Public works 187,089 23,685 90,791 119,983 1
Recreation 259,261 3,988 86,332 176,917
Parks 5,688,411 16,661 71,212 5,633,860
Totals $14,538,095 $659,176 $701,599 $14,495,672
r
104
City of Brooklyn Center, Minnesota
GENERAL L..ONG-TERM DEBT ACCOUNT GROUP
The General Long-Term Debt Account Group was established to account for the City's
unmatured general obligation long-term debt that is secured by the full faith and credit of the
City and is not the primary obligation of an Enterprise Fund of the City.
r
105
G
City of Brooklyn Center
COMPARATIVE STATEMENT OF GENERAL LONG-TERM DEBT
December 31, 1997
December 31,
1997 1996
Amounts Available and to be Provided
Amounts Available in Debt Service Funds $2,237,549 $2,260,484
Amounts to be Provided:
From future tax levies 11,117,530 2,314,492
From future tax increments 10,889,921 11,660,024
From future gas tax allocations 2,125,000 2,295,000
Total Amounts Available and to be Provided $26,370,000 $18,530,000
General Lona-Term Debt Pavable
General obligation bonds $10,025,000 $2,295,000
Tax increment bonds 12,425,000 13,205,000
General obligation special assessment bonds
with governmental commitment 3,920,000 3,030,000
Total General Long-Term Debt $26,370,000 $18,530,000
r
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106
H
City of Brooklyn Center
SUMMARY OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1997
Total Debt
General Obligation Bonds Tax Increment Bonds Special Assessment Bonds Service Requirements
Year Principal Interest Principal Interest Principal Interest Principal Interest
1998 $180,000 $368,965 $840,000 $715,040 $265,000 $160,918 $1,285,000 $1,244,923
1999 515,000 471,588 1,165,000 662,232 405,000 162,076 2,085,000 1,295,896
2000 605,000 444,731 1,280,000 595,554 415,000 144,135 2,300,000 1,184,420
2001 635,000 414,646 1,450,000 519,409 415,000 125,529 2,500,000 1,059,584
2002 665,000 382,523 1,540,000 433,892 420,000 106,407 2,625,000 922,822
2003 695,000 348,416 1,645,000 340,413 425,000 86,644 2,765,000 775,473
2004 735,000 311,964 1,775,000 237,302 430,000 66,215 2,940,000 615,481
2005 780,000 272,730 360,000 171,123 440,000 44,961 1,580,000 488,814
2006 820,000 230,654 360,000 147,362 345,000 25,729 1,525,000 403,745
2007 540,000 196,640 385,000 122,585 260,000 11,005 1,185,000 330,230
2008 565,000 171,219 385,000 96,694 100,000 2,325 1,050,000 270,238
2009 595,000 144,100 400,000 70,200 995,000 214,300
2010 625,000 115,274 415,000 42,694 1,040,000 157,968
2011 655,000 84,710 425,000 14,344 1,080,000 99,054
2012 690,000 52,257 690,000 52,257
2013 725,000 17,762 725,000 17,762
$10,025,000 $4,028,179 $12,425,000 $4,168,844 $3,920,000 $935,944 $26,370,000 $9,132,967
107
City of Brooklyn Center, Minnesota
STATISTICAL SECTION
The statistical section presents comparative statistical data for the past ten years, and other
pertinent information involving taxes, revenues, expenditures, bonded debt, property
valuations, insurance coverage and miscellaneous statistics.
This information is intended to be useful and of interest to investors in City bonds, financial
institutions, and others interested in municipal government financial statistics.
i
1
108
TABLE 1
City of Brooklyn Center
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION
Last Ten Fiscal Years
Fiscal General Public Public Community Parks and Economic Non- Admin. Services Totai
Year Government Safety Works Services Recreation Development Departmentai Reimbursement Expenditures
1988 $1,768,607 $2,716,205 $1,768,918 $69,117 $1,706,516 $162,271 $310,475 ($487,257) $8,014,852
1989 1,793,495 3,103,222 1,754,800 81,043 1,814,391 168,305 347,315 (389,596) 8,672,975
1990 1,823,298 3,474,108 1,929,950 114,633 1,842,294 169,942 396,550 (472,004) 9,278,771
1991 1,869,394 3,950,862 1,964,441 104,706 1,881,910 177,179 414,149 (427,200) 9,935,441
1992 2,086,494 3,938,920 1,908,437 114,579 1,783,811 187,606 273,273 (602,846) 9,690,274
1993 1,787,179 3,870,563 1,996,256 41,325 1,999,270 178,703 300,803 (466,574) 9,707,525
0 1994 1,925,003 4,409,490 1,526,514 41,495 2,055,479 199,982 312,779 (528,684) 9,942,058
1995 2,069,978 4,598,618 1,653,358 41,146 2,226,121 209,576 289,747 (529,047) 10,559,497
1996 1,968,780 5,022,324 1,649,526 78,442 2,282,054 201,600 317,148 (611,534) 10,908,340
1997 $1,992,251 $5,089,072 $1,868,130 $79,800 $2,186,686 $248,779 $311,436 ($661,058) $11,115,096
Note: Table includes General Fund only.
Source: City Finance Department Records
TABLE 2
City of Brooklyn Center
GENERALGOVERNMENTAL
REVENUES AND OTHER FINANCING SOURCES BY SOURCE
Last Ten Fiscal Years
General Other
Fiscal Property Licenses Intergovern- Charges for Court Financing Total
Year Taxes Permits mental Services Fines Misc. Sources Revenue
1988 $3,398,656 $329,783 $3,078,491 $728,378 $243,952 $363,918 $337,871 $8,401,049
1989 3,325,101 365,247 3,628,255 734,571 278,812 425,356 176,505 8,933,847
1990 3,854,798 297,495 3,201,888 763,791 215,804 443,623 174,925 8,952,324
1991 4,274,089 311,751 2,926,570 881,213 202,090 360,800 877,477 9,833,990
0
1992 4,291,322 332,186 3,133,495 794,876 148,701 301,771 620,000 9,622,351
1993 5,006,710 300,480 3,167,214 838,883 140,104 279,211 295,000 10,027,602
1994 5,703,773 317,620 3,443,247 825,959 113,573 241,570 100,000 10,745,742
1995 5,946,363 318,202 3,543,009 822,530 178,263 271,509 100,000 11,179,876
1996 6,120,877 402,000 3,618,075 839,583 186,761 328,750 100,000 11,596,046
1997 $6,327,890 $485,232 $3,811,900 $757,640 $183,270 $458,831 $100,000 $12,124,763
Note: Table includes General Fund only.
Source: City Finance Department Records
TABLE 3
City of Brooklyn Center
TAX LEVIES AND TAX COLLECTIONS
Last Ten Fiscal Years
Collections Percentage Collections
of Current of Levy of Prior Total Delinquent
Year's Taxes Collected Year's Taxes Collections Delinquent Taxes as
Year During Fiscal During Fiscal During Fiscal Total as a% of Taxes a% of
Collected Tax Levy Period Period Period Collections Tax Levy Receivable Tax Levy
1988 $3,576,812 $3,488,174 97.52% $13,090 $3,501,264 97.89% $105,521 2.95%
1989 3,505,850 3,418,111 97.50% 55,502 3,473,613 99.08% 84,948 2.42%
1990 4,092,978 3,857,576 94.25% 12,241 3,869,817 94.55% 221,097 5.40%
1991 4,670,606 4,478,115 95.88% 79,443 4,557,558 97.58% 249,882 5.35%
1992 5,072,385 4,818,439 94.99% 6,898 4,825,337 95.13% 351,199 6.92%
1993 5,491,707 5,204,161 94.76% (121,158) 5,083,003 92.56% 189,400 3.45%
1994 5,857,342 5,634,255 96.19% (176,148) 5,458,107 93.18% 246,311 4.21%
1995 6,501,197 6,367,437 97.94% (75,645) 6,291,792 96.78% 288,717 4.44%
1996 6,495,206 6,358,392 97.89% (11,917) 6,346,475 97.71 208,862 3.22%
1997 $6,746,487 $6,626,336 98.22% ($57,329) $6,569,007 97.37% $186,089 2.76%
Total tax levy is net of Homestead and Agricultural Credit Aid. II
Source: City Finance Department Records
�■�r a� r a r►
TABLE 4
City of Brooklyn Center
ASSESSED VALUE AND ESTIMATED MARKET VALUE OF ALL TAXABLE PROPERTY (1) i
Last Ten Fiscal Years
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997
Population 29,420 28,578 28,810 28,887 28,558 28,533 28,484 28,463 28,502 28,515
Real Property
Assessed value(1): Tax Tax(2) Tax Tax Tax Tax Tax Tax Tax
City: Capacity Capacity Capacity Capacity Capacity Capacity Capacity Capacity Capacity
Residential $90,162,927 $11,834,805 510,133,274 $9,730,898 $9,193,012 $9,077,238 $9,110,096 $9,045,048 $9,485,333 $9,182,859
Non-residential 154,031, 355 19, 707,624 16,185,832 16,305, 868 16,013, 701 14,654,123 13,665,143 13,567,573 12,837,157 11,082,436
Area-wide allocation (8,148,681) (977,841) (1,365,235) (1,384,936) (1,550,097) (1,533.76n (954,616) (687,2951 (586,003) 226.287
236,045,601 30,564,588 24,953,871 24,651,830 23,656,616 22,197,594 21,820,623 21,925,326 21,736,487 20,491,582
Less Tax Increment District 9,784,473 2,097,505 1,540,518 1,315,724 1,374,157 1,184,328 1,165,933 1,230,055 1,495.154 1,665,054
Totalassessedvalue 226,261,128 28,467,083 23,413,353 23.336,106 22,282,459 21,013.266 20,654,690 20,695,271 20,241,333 18,826,528
Estimated Market Value 910,336.300 950,463,900 1.000,269,000 1,016,754,000 1,000,829,400 978,404,100 959,668,700 961,811,400 976,115,400 1,010,170,000 'I
Personal Property
Assessedvalue 4,510,313 190,299 530.526 539,121 543.237 549.751 622.500 622,500 573.984 502,668
N Estimated marketvalue 10,489,100 3,627,500 10.610,520 10,564,700 11,349,900 11,951,100 13,532,600 13,532,600 12,477,900 12,566,700
Total Taxable Property
Assessed value 5230,771,441 $28,657,382 $23,943,879 $23,875,227 $22,825,696 $21,563,017 $21,277,190 $21,317,771 $20,815,317 $19,329,196
Estimatedmarketvalue $920,825,400 $954,091,4� $1,010,879,520 $1,027,318,700 $1,012,179,300 $990,355,200 $973,201,300 $975,344,000 $988,593,300 $1,022,736,700
Assessed Value as a percent of
Estimated Market Value 25.06% 3.0096 2.37% 2.32% 2.26% 2.18% 2.19% 2.19% 2.��95 �.ggq5
Per Capita Valuations
Assessed Value $7,844 $1,003 $831 $827 5799 $756 $747 $749 $730 $678
Estimated Market Value $31,299 $33,386 $35,088 $35,563 $35,443 $34,709 $34,167 $34,267 $34,685 $35,867
Source: City Assessing Department Records and Hennepin County
(1) The Minnesota Legislature changed the property tax system for taxes payable in 1989. The tax base of property was changed from assessed values to tax capacity values.
(2) The redudion in residential values is due to a change in the sWte mandated formula from gross tax capacity to net tax capacity.
TABLE 5
City of Brooklyn Center
DIRECT AND OVERLAPPING TAX RATES AND TAX LEVIES
Last Ten Fiscal Years
TAX RATES IN MILLS (1) Hennepin
School Districts County Total Citv. School_ and Countv
Year Vo-Tech No.286 No.279 No.281 No.11 Speciai No.286 No.279 No.281 No.11
Collectible City (2) 5chool Earl Brown Osseo Robbinsdale Anoka Districts Earl Brown Osseo Robbinsdale Anoka
1988 19.237 1.493 59.372 61.859 58.433 62.181 38.405 118.507 120.994 117.568 119.823
TAX RATES IN TAX CAPACITY RATES(2)
1989 14.260 1.223 43.440 54.465 49.189 51.384 32.898 91.821 102.846 97.570 98.542
1990 17.479 1.103 42.099 57.847 54.516 47.893 33.547 94.228 109.976 106.645 98.919
1991 19.208 1.046 46.207 58.643 55.540 51.779 37.479 103.940 116.376 113.273 108.466
1992 20.922 0.513 54.696 65.766 58.723 56.525 40.888 117.019 128.089 121.046 118.335
1993 23.969 1.095 67.008 64.948 61.807 63.717 42.457 134.529 132.469 129.328 130.143
1994 27.603 0.809 56.614 66.786 64.401 57.161 44.248 128.701 138.873 136.488 128.439
1995 31.090 76.861 70.142 67.197 61.402 45.370 151.763 145.044 142.099 136.304
1996 30.344 58.682 67.155 64.762 64.387 44.170 133.196 141.669 139.276 138.901
1997 32.875 56.260 62.666 63.757 55.588 42.174 131.309 137.715 138.806 130.637
w
TAX LEVIES IN DOLLARS School Districts Hennepin
County 8 Total City,
Year Vo-Tech No.286 No.279 No.281 No.11 Special Schools,
Collectible City (2) School Earl Brown Osseo Robbinsdale Anoka Districts and County
1988 $3,576,812 $307,506 $4,602,806 $3,782,157 $3,875,906 $1,537,601 $8,862,771 $26,545,559
1989 3,505,850 293,205 4,059,518 3,770,603 3,791,546 2,179,665 8,776,213 26,376,600
1990 4,092,978 244,258 3,718,102 3,171,054 4,028,724 1,099,641 8,052,590 24,407,347
1991 4,670,606 234,927 4,169,240 3,266,615 4,365,729 1,207,395 8,992,605 26,907,117
1992 5,072,385 123,029 4,596,776 3,516,409 4,444,416 1,293,144 8,344,678 27,390,837
1993 5,491,707 218,460 5,173,925 3,289,896 4,842,750 1,354,534 8,877,060 29,248,332
1994 5,857,342 $166,681 4,175,027 3,472,013 4,526,288 1,287,264 9,384,582 28,869,197
1995 6,501,197 5,367,479 3,288,144 4,814,025 1,269,585 8,557,035 29,797,465
1996 6,495,206 4,850,400 3,863,698 4,397,705 1,441,657 9,403,100 30,451,766
1997 $6,746,487 $4,472,206 $3,708,238 $3,899,126 $1,361,059 $8,854,518 $29,041,634
I
Source: City Community Development Department Records and Hennepin County
(1) The tax base of property was changed from assessed values to tax capacity values by the Minnesota Legislature in 1989.
(2) Tax levy includes Brooklyn Center E.D.A. and H.R.A..
a� a� rr s �r r a� �■■f s
TABLE 6
City of Brooklyn Center
SPECIAL ASSESSMENT BILLINGS AND COLLECTIONS
Last Ten Fiscal Years
Percent
Current Collections Total
Special Percent Coltection Collections
Year Assessment of of Prior Total to Current
Collected Billings Amount Billings Years Collections Levy
1988 $556,028 $526,594 94.71 $2,723 $529,317 95.20%
1989 562,484 545,242 96.93% 59,944 605,186 107.59%
1990 504,682 476,874 94.49% 14,327 491,201 97.33%
1991 612,744 595,362 97.16% 23,135 618,497 100.94%
-P
1992 558,265 533,439 95.55% 13,801 547,240 98.03%
1993 488,163 469,814 96.24% 21,188 491,002 100.58%
1994 466,784 444,670 95.26% 7,592 452,262 96.89%
1995 476,852 458,439 96.14% 5,497 463,936 97.29%
1996 485,019 459,316 94.70% 4,617 463,933 95.65%
1997 $498,022 $475,080 95.39% $2,470 $477,550 95.89%
Source: City Finance Department Records
TABLE 7
City of Brooklyn Center
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
Last Ten Fiscal Years
Less: Ratio ot Net Net
Gross Amounts Net Bonded Debt Bonded
Fiscal Estimated Assessed Bonded in Debt Bonded to Assessed Debt Per
Year Population Value Debt (1) Service Fund Debt Values Capita
1988 29,420 $230,777,441 $1,440,000 $751,408 $688,592 0.30% $23.41
Less: Ratio of Net Net
Tax Gross Amounts Net Bonded Debt to Bonded
Fiscal Estimated Capacity Bonded in Debt Bonded Tax Capacity Debt Per
Year Population Value Debt (1) Service Fund Debt Value Capita
1989 28,578 28,657,382 1,130,000 274,843 855,157 2.98% 29.92
1990 28,810 23,943,879 950,000 448,846 501,154 2.09% 17.40
1991 28,887 23,875,227 610,000 486,205 123,795 0.52% 4.29
1992 28,558 22,825,696 310,000 504,146 (194,146) -0.85% (6.79)
1993 28,533 21,563,017 0.00%
1994 28,484 21,277,190 0.00%
1995 28,463 21,317,771 0.00%
1996 28,502 20,815,317 0.00%
1997 28,515 $19,329,196 $7,900,000 $82,056 $7,817,944 40.45% $274.17 I
Source: City Finance Department Records and Hennepin County
(1) Amount does not include tax increment, state aid street, special assessment, or revenue bonds.
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Table 8
City of Brooklyn Center
COMPUTATION OF LEGAL DEBT MARGIN
December 31, 1997
Market Value $1,022,736,700
Debt limit, 2% of market value 20,454,734
Total bonded debt 27,935,000
Deductions (See Note 6):
Bonds:
1. Special Assessment Bonds 3,920,000
2. State Aid Street Bonds 2,125,000
3. Tax Increment Bonds 12,425,000
4. Utility Revenue Bonds 1,565,000
Total Deductions 20,035,000
Total Debt Applicable to Debt Limit 7,900,000
Legal Debt Margin, December 31, 1997 $12,554,734
Source: City Finance and Community Development Records
116
TABLE 9
City of Brooklyn Center
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1997
City's Share
Governmental Unit Gross Debt Sinking Funds Net Debt Percent Amount
Direct Debt: City of Brooklyn Center (1) $7,900,000 $82,056 $7,817,944 100.0% $7,817,944
Overlapping Debt:
School Districts:
No.281 Robbinsdale 0 0 0 7.25% 0
No.11 Anoka 135,987,792 37,368,367 98,619,425 5.90% 5,818,546
No. 279 Osseo 132, 710, 000 23, 847,417 108, 862, 583 5.64% 6,139, 850
No. 286 Earl Brown 4,125,000 500,000 3,625,000 100.00% 3,625,000
Metropolitan Council 118,555,000 35,399,127 83,155,873 0.90% 748,403
Hennepin County 106,385,000 5,608,602 100,776,398 1.66% 1,672,888
V
Hennepin County Park Reserve Dlstrict 12,225,000 2,555,472 9,669,528 2.22% 214,664
Total Overlao�ina Debt 509,987,792 105,278,985 404,708,807 18,219,350
Total Direct and Overlapping Debt $517,887,792 $105,361,041 $412,526,751 $26,037,294
Source: City Finance Department Records, Hennepin County, and I.S.D. 11, Anoka
(1) Includes only general obligation debt which is being repaid through property taxes.
Direct Overlapping
Comparative Net Debt Ratios Charpeable to Citv Total Debt Debt
Debt to tax capacity value $19,329,196 134.70% 40.45% 94.26%
Debt to market value $1,022,736,700 2.55% 0.76% 1.78%
Per capita debt, population 28,515 $913.11 $274.17 $638.94
r i
TABLE 10
City of Brooklyn Center
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL FUND EXPENDITURES
Last Ten Fiscal Years
Debt Service
Total Total as a Percent
Debt General Fund of General
Year Principal Interest Service Expenditures Expenditures
1988 $640,000 $682,561 $1,322,561 $8,502,109 15.56%
1989 635,000 626,068 1,261,068 9,062,571 13.92%
1990 530,000 585,992 1,115,992 9,434,517 11.83%
1991 940,000 746,401 1,686,401 9,935,441 16.97%
1992 1,880,000 1,195,204 3,075,204 9,690,274 31.73%
1993 1,710,000 1,186,585 2,896,585 9,707,525 29.84%
1994 780,000 1,080,555 1,860,555 9,942,058 18.71%
1995 825,000 1,075,976 1,900,976 10,559,497 18.00%
1996(1) 5,125,000 1,106,661 6,231,661 10,908,340 57.13%
S 1997 $1,135,000 $1,017,128 $2,152,128 $11,739,733 18.33%
Source: City Finance Department Records
(1) Amounts for 1996 are higher because of the defeasance of the Tax
Increment Bonds of 1985.
118
TABLE 11
City of Brooklyn Center
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Fiscal Years
Net
Non- Net Revenue
Operating Operating Gross Revenue to Debt
Year Revenue Revenue Revenue Expenses(1) Available Principal Interest Total Service
Water Utilitv Fund
1988 $694,654 $375,061 $1,069,715 $695,395 $374,320 $45,000 $8,889 $53,889 6.946 :1
1989 687,982 425,030 1,113,012 665,629 447,383 45,000 7,180 52,180 8.574 :1
1990 696,147 440,644 1,136,791 604,497 532,294 45,000 5,425 50,425 10.556 :1
1991 703,422 390,421 1,093,843 697,108 396,735 45,000 3,695 48,695 8.147 :1
1992 896,857 316,551 1,213,408 762,405 451,003 45,000 1,940 46,940 9.608 :1
1993 848,134 311,781 1,159,915 659,099 500,816 0 0 0 N/A
1994 1,053,689 284,169 1,337,858 720,973 616,885 0 0 0 N/A
1995 1,048,834 302,136 1,350,970 813,157 537,813 0 0 0 N/A
1996 1,145,040 281,364 1,426,404 759,171 667,233 0 0 0 N/A
1997 $1,116,399 $267,520 $1,383,919 $769,112 $614,807 $0 $0 $0 N/A
Storm Drainaae Fund (21
1991 $374,040 $2,628 $376,668 $164,767 $211,901 $0 $0 $0 N/A
1992 494,456 14,030 508,486 207,427 301,059 0 0 0 N/A
1993 639,837 28,138 667,975 160,044 507,931 0 0 0 N/A
1994 685,011 39,930 724,941 211,425 513,516 0 30,208 30,208 17.00 :1
1995 788,897 72,881 861,778 184,990 676,788 0 90,925 90,925 7.44 :1
1996 822,980 47,363 870,343 204,969 665,374 110,000 86,690 196,690 3.38 :1
1997 $856,920 $130,651 $987,571 $198,662 $788,909 $155,000 $89,257 $244,257 3.23 :1
Source: City Finance Department Records
(1) Excludes depreciation and interest on bonds.
(2) The Storm Drainage Fund was established in 1991.
�r s r
i
TABLE 12
City of Brooklyn Center
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
Last Ten Fiscal Years
Commercial New Residential
Construction Construction Property Value
Bank
Year Value Units Value Commercial Residential Non-Taxable Deposits
1988 $5,084,601 66 $3,073,500 $286,096,300 $634,230,700 $89,745,168 N/A
1989 7,288,205 4 278,138 321,452,800 678,898,700 83,719,768 $219,077,986
1990 5,750,567 1 65,249 333,967,220 676,912,300 83,719,768 202,261,488
1991 4,719,147 7 450,745 339,358,500 677,299,800 87,479,168 201,944,156
1992 5,547,668 14 948,810 344,860,700 667,318,600 107,747,100 199,800,971
N
O
1993 7,598,108 7 505,000 322,295,300 668,059,900 108,955,700 200,539,494
1994 5,504,477 9 587,000 301,702,300 671,499,000 109,600,200 197,886,000
1995 9,541,847 2 153,000 297,268,000 678,076,000 110,458,200 $255,238,839
1996 12,527,095 18 1,126,000 284,786,600 703,806,700 108,473,400 N/A
1997 $10,905,475 3 $225,000 $287,163,000 $722,917,000 $111,226,700 N/A
Source: City Finance Department Records, Community Development Department Records, and Local Banks.
TABLE 13
City of Brooklyn Center
PRINCIPAL TAXPAYERS
December 31, 1997
Percentage
1997 of Total
Market City Market
Taxpayers Type of Business Valuation Value
Dayton-Hudson Corp. Retail/Office $25,396,300 2.48%
Talisman Brookdale, LLC Shopping Center 21,865,200 2.14%
Ryan Construction Co. Office/Retail 14,727,600 1.44%
Prudential Insurance Co. Office/Hotel 12,677,100 1.24%
Lang-Nelson Apartments 12,440,000 1.22%
Bradley Real Estate Inc. Retail 8,850,000 0.87%
Sears Roebeck and Co. Department Store 7,810,000 0.76%
J.C. Penny's Department Store 6,505,000 0.64%
AMB Property, LP Industrial 5,975,600 0.51%
Lutheran Brotherhood Industrial 4,835,700 0.47%
Total Market Value $120,282,500 11.76%
TOTAL CITY MARKET VALUE $1,022,736,700
Source: City Community Development Records
121
City of Brooklyn Center Table 14
SCHEDULE OF INSURANCE COVERAGE (Continued next page)
Effective January 1, 1998
Policy Period
Tvne of Coveraoe and Details From To Liability Limits
I. Statutorv Liabilitv to Emnlovees
a. Workers' Compensation 01-01-98 01-01-99 Statutory
(participant in the League of
Minnesota Cities Insurance Trust Self-
Insured Workers' Compensation Program)
II. Liabilitv to the Public
a. Comprehensive general liability include the following additional coverages:
(a) All employees as additional insureds
(b) Personal injury coverage to include false arrest, libel, slander, wrongful
entry or eviction or invasion of right of privacy.
(c) Broad contractual liability
(d) Products liability
(e) Public Officials' liabiliry
(1) Bodily injury 01-01-98 01-01-99 $750,000 combined single limit
(2) Property damage 01-01-98 01-01-99 $750,000 combined single limit
(3) Personal injury 01-01-98 01-01-99 $750,000 combined single limit
b. Automobile liability,
comprehensive 01-01-98 01-01-99
(1) Bodily injury $750,000 occurrence
(2) Property damage $750,000 occurrence
(3) Uninsured motorist $750,000 occurrence
c. Liquor stores' dram shop 01-01-98 01-01-99 $1,000,000 each common
cause
d. Golf Course and Central Park 04-01-98 10-31-99 $1,000,000 each common
liquor liability cause
e. Personal accident, Volunteers 01-01-98 01-01-99 $100,000 accidental death
$400/week short term disability
$1,000 Medical
122
City of Brooklyn Center Table 14
SCHEDULE OF INSURANCE COVERAGE (Continued from prior page)
Effective January 1, 1998
Buildings
and
Policy Period Structures Content:
(Replacement (Replacement
Type of Coverage and Details From To Cost) Cost)
III. Insurance on City Property 01-01-98 01-01-99
a. Public and institutional
property, all risk, blanket
$34,748,000; $1,000 deductible
replacement value on buildings.
(1) CivicCenter $8,389,000 $1,199,000
(2) East Fire Station $722,000 $157,000
(3) Municipal Service Garage $2,461,000 $564,000
(4) Elevated Water Towers 3 locations $3,872,000 $0
(5) Park Shelter Buildings 17 locations $1,619,000 $57,000
(6) Pump Houses 10 locations $1,�00,000 $110,000
(7) Lift Stations 10 locations $1,170,000 $72,000
(8) Meter Station $18,000 $0
(9) Storage Building $446,000 $25,000
(10) Outdoor lighting systems 7 locations $320,000 $0
(11) Liquor Store and Fire Station $598,000 $336,000
(12) Humboldt Liquor Store $264,000 $183,000
(13) Leased Liquor Store $53,000 $183,000
(15) Pedestrian Bridge-2locations $1,198,000 $0
(16) Picnic Shelter $60,000 $0
(17) Earle Brown Heritage Center $7,724,000 $1,488,000
(18) Centerbrook Golf Course Club House $348,000 $25,000
(19) Centerbrook Golf Course Garage $38,000 $8,000
(20) Lions Park Concession Stand $38,000 $3,000
Liability Limits
b. Boiler and machinery 01-01-98 01-01-99 $5,000,000 per accident
c. Automotive physical damage 01-01-98 01-01-99
(1) Comprehensive ACV -$1,000 deductible
(2) Collision ACV $1,000 deductible
IV. Criminal Acts
a. Faithful pertormance blanket position ;500,000 per loss
b. Money and securities {broad form) Various
c. Depositor'sforgery $1Q0,000
123
TABLEI5
City of Brooklyn Center
DEMOGRAPHIC STATISTICS
Last Ten Fiscal Years
School Enrollments (2)
Mpls-St.Paul No. 286
Fiscal Unemployment C.P.I. No.11 No.279 No.281 Earle
Year Population (3) Rate (1) %(1) Anoka Osseo Robbinsdale Brown
1988 29,420 3.5% 5.0% 989 1,674 563 1,456
1989 28,578 3.5% 4.1 671 1,674 563 1,652
1990 28,810 3.2% 4.1 642 1,616 540 1,747
1991 28,887 4.6% 2.3% 807 1,680 521 1,327
1992 28,558 4.4% 1.4% 671 1,178 526 1,709
1993 28,533 4.3% 2.7% 691 1,106 540 1,685
1994 28,484 2.6% 2.7% 661 1,071 577 1,681
1995 28,463 2.9% 2.8% 664 1,113 567 1,645
1996 28,502 4.0% 3.3% 670 1,109 549 1,672
1997 28,515 3.3% 2.3% 680 1,111 586 1,701
(1) Source: Minnesota Department of Jobs and Training, Research and Statistics Dept.
Twin Cities metro area average for year.
(2) School enrollment data was supplied by the schools.
(3) Source: Metropolitan Council
124
TABLE 16
City of Brooklyn Center (Continued
MISCELLANEOUS STATISTICAL FACTS next page)
December 31, 1997
Date of Incorporation February 14, 1911
Date of Adoption of City Charter November 8, 1966
Date City Charter Effective December 8 1966
Form of Government Council-Manager
Fiscal Year Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 105.69
County 6.49
State 10.79
Miles of Storm Sewers 41.13
Number of Street Lights: Owned by N.S.P gpg
Owned by City 102
Building Permits: Number Estimated
Issued Cost
1997 796 $18,274,806
1996 607 16,647,400
1995 603 11,948,205
1994 607 13,418,453
1993 520 11,437,250
1992 573 14,286,465
1991 466 8,800,980
1990 504 8,035,605
1989 526 19,217,696
1988 554 10,846,987
City Employees as of December 31, 1997
Regular full-time 154
Temporary or part-time 155
Total 309
Fire Protection:
Number of Stations 2
Number of Full-time Employees 1
Number of Volunteer Firefighters 29
Police Protection:
Number of Stations
Number of Full-time Employees 57
Number of Part-time Employees 14
125
City of Brooklyn Center TABLE 16
MISCELLANEOUS STATISTICAL FACTS (Continued from
December 31, 1997 prior page)
Parks and Recreation:
Park property totals 522 acres developed to serve a wide variety of
recreational interests. Area include playlots, playgrounds, playfields,
trails, nature areas and an arboretum.
Playgrounds 7
Park shelters 7
Ice skating rinks 7
Hockey rinks 5
Softball diamonds 26
Baseball diamonds 6
Tennis courts 18
Basketball courts 15
Municipal Water Plant:
Number of connections 8,894
Average daily consumption in gallons 3,443,887
Peak daily consumption in gallons 8,681,000
Plant capacity gallons per day 17,652,000
Miles of water mains 114.45
Number of fire hydrants 957
Number of wells 9
Number of elevated reservoirs 3
Storage capacity in gallons 3,000,000
Water rate per thousand gallons $0.89
Municipal Sewer Plant:
Number of connections 8,770
Miles of sanitary sewer 104.98
Daily disposal capacity in gallons 10,938,240
Number of lift stations 10
Residential rate per quarter $43.75
Municipal Liquor Stores (Off-sale):
Number of owned stores 2
Number of leased stores 1
1997 sales $3,006,982
Elections
Last General Election November 5, 1996
Registered voters 18,333
Votes cast 13,185
Percentage of registered voters voting 72%
Last Municipal Election 1997
Registered voters 15,551
Votes cast 4,341
Percentage of registered voters voting 28%
126