HomeMy WebLinkAboutCAFR-1988 COMPREHENSIVE
ANNUAL
AUDITED FINANCIAL REPORT
of the
CITY OF BROOKLYN CENTER, MINNESOTA
For The Year Ended December 31, 1988
I GERALD G. SPLINTER, CITY MANAGER
�re�ared by
THE DEPARTMENT OF FINANCE
Paul W. Holmiund, Director
(Member of Government Finance Officers
Association of the United States and Canada)
B
C tv Q� _�Qk1Yn ��Yl�r
COMPBEHENSIVE ANNUAL FINANCIAL ��p�
.`�g�.0 E�gd p e e e�gr 3,1.� 19 8 8
TABLE �O�ENTS
Exhibit Page
Number Number
I. �1 T.B�A U ��Y �F�T I 0 N
Ti tl e Page
Table of Contents
City Officials 1
Organization Chart 2
City Manager's Letter 3
Finance Director's Letter 4- 12
Certificate of Achievement 13
II. F�1��.I� SECTION
Auditors' Report 14 -15
A. General Purpose Financial Statements
(Combined Statements Overview):
Combined Balance Sheet All Fund Types and
Account Groups 1 17 18
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances All Governmental
Fund Types 2 9
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances Budget (GAAP Basis)
And Actual General and Special Revenue Funds 3 20
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary 4 21
Fund Type
Combined Statement of Changes in Financial
Position Proprietary Fund Type 5 22
Notes to Financial Statements 23 -�9
C i t v.� Bx' o o k.lY�1
COMPR�H�NSIVE ANNUAL FINANCIAL �EPORT
�jea� Ended Decembe� 1988
TABL� CONTENTS
Statement/
Schedule Page
Number Number
B. Combining and Individual Fund Financial Statements:
General Fund:
Balance Sheet A-1 51
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget
(GAAP Basis) and Actual A-2 52
Schedule of Revenue Other Financing
Sources Budget and Actual S-1 53 55
Schedule of Expenditures Compared to
Budget S-2 56 61
Special Revenue Funds:
Combining Balance Sheet B-1 63
Combining Statement of Revenues,
Expenditures and Changes in Fund
Balances Budget and Actual B-2 64 6b
Debt Service Funds:
Combining Balance Sheet C-1 69
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances C-2 70 71
Capital Projects Funds:
Combining Balance Sheet D-1 73
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances D-2 74
Project-Length Schedule of Construction
Projects Capital Improvements Fund S-3 75
Project-Length Schedule of Construction
Projects Municipal State Aid
Construction Fund S-4 76
Citv ,g.� B�ooklvn C��ter
��..p�EH�NSIV� ANNUAL k'INA�iC�A� �POR�
Year Ended Decembe� 3,1. 12$$
TAB1� Q� CON�'ENTS
Statement/
Schedule Page
Number Number
Project-Length Schedule of Construction
Projects Special Assessment
Construction Fund S-5 77
Enterprise Funds:
Combining Balance Sheet F-1 79 80
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings F-2 81
i Combining Statement of Changes in Financial
Position F-3 $2
Statement of Revenues, Expenses, and Changes
in Retained Earnings Municipal Liquor
Fund F-4 83
Balance Sheet Public Utilities Fund F-5 84 85
Statement of Revenues, Expenses, and Changes
in Retained Earnings Public Utilities
Fund F 6 86
Schedule of Water Operating Expense S-6 87
Schedule of Sewer Operating Experrse S-7 88
Statement of Revenues, Expenses, and Changes
in Retained Earnings Golf Course Fund F-7 89
i
C�Y 4� B�" o o�S�.�CY1 �Yl�r
COMPR�HENSIVE ANNUAL k'INANCIA� REPORT
Yea� �ded Decembe� 3� a98$
TABLE CON�NTS
Statement/
Schedule Page
Number Number
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
By Sources S-8 91
Schedule of General Fixed Assets By
Funetion and Activity S- 92
General Long-Term Debt Account Group:
Comparative Schedule of General Long-Term Debt G 94
Summary of Debt Service Requirements
to Maturity H 95
III. �TATISTICAL SECTION
Ta bl e
Nur��,�
General Governmental Expenditures and Other
Uses 1 97
General Governmental Revenues and Other
Financing Sources 2 98
Property Tax Levies and Collections 3 99
Assessed and Market Value of Taxable
Property 4 100
Property Tax Rates and Tax Levies All
Overlapping Governments 5 101
Special Assessment Collections 6 102
Ratio of Net Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita 7 103 t
C i t v_ o� B� o 01S�y�] C�x1�gr
COMPREH�NSIV� ANNUAL FINANCIA� R�PORT
Yea� ��ded December 3�1,, 1988
TABL� CON'�I,�S
Tabl e Pa e
g
Number Number
Computation of Legal Debt Margin 8 104
Computation of Direct and Overlapping Debt 9 105
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures 10 106
Revenue Bond Coverage 11 107
Property Value and Construction 12 108
Principal Taxpayers 13 109
Insurance Coverage 14 110-111
Schedule of Cash and Temporary Cash Investments 15 112
Miscellaneous Statistics 16 113-115
i
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C I TY Q�� C��.�
i��� Y e a���� D e c e m b er a 9 8 8
E L E C�E� Q�.�' I C I A�
Term of Office Term Expires
Mayor Dean Nyquist Four Years 12/31/90
Councilman Rich Theis Four Years 12/31/88
Councilman Bill Hawes Four Years 12/31/88
Councilman Gene Lhotka Four Years 12/31/90
Councilwoman Celia Scott Four Years 12/31/90
APPOIN'��D Q��'ICIALS
City Manager Gerald G. Splinter
Ci ty Cl erk Da rl ene Weeks
City Treasurer Paul W. Holmlund
City Attorney LeFevere, Lefler,
Kennedy, 0'Brien
Drawz
Department Heads:
Finance Paul W. Holmlund
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Recreation Arnold Mavis
Assessment Peter Koole
Liquor Stores Gerald Olson
Personnel Coordinator Geralyn Barone
EDA Coordinator Brad Hc�ffman
City Engineer Bo Spurrier
Public Works Superintendent Richard Ploumen
Health Officer Duane Orn, M.D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
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i
ORGANIZATION CHART COUNCIL-MANAGER PLAN
City of Brooklyn Center, Minnesota
y
ADVI50RY r i CHARTER COMMISSION
Capital Improvement Review Board (appointed by district court)
ELECTORATE
I
ADVISORY
Housing Commission J
CITY ATTORNEY
t
r ti
r
T
ADVISORY CITY COUNCIL HRA COORDINATOR
Human Riqhts Resources Commission
1
T t
ADVISORY
parks and Recreation Commission
PERSONNEL COORDINATOR
L
CITY MANAGER
ADVISORY
CITY CLERK
Planning Commission
4
N I
DIRECTOR I�
Emergency I
Prepared-
ness
r'� r. r T y h .q r
DIRECTOR DIRECTOR DIRECTOR CHIEF DIRECTOR CHIEF MANAGER DIRECTOR ASSESSOR
Planning of Finance Police of Volunteer Liquor Public Tax
and Recreation Department Department Environ- Fire Stores Works Assessment
Inspection City mental Department Department Department
Department Treasurer Health
L L r. �.1 I... .i y L t.
I
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Golf Recreation Park Government Engineering Street Public
Course Proqrams Maintenance Buildings Division Division Utilities
and Division Division Division
Community
Center I
I
a. t. y r. i
6301 SHINGLE CREEK PARKWAY
CITY
OF
r B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
C ENTER EMERGENCY POLICE FIRE
r 9„
June 16, 1989
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 the fiscal year ended December 31, 1988.
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 publ ic accountant selected by the City
Council. This requirement has been complied with by the engagement of
the firm of Deloitte Haskins Sells and their report is included in
the financial section of this report.
This report has been prepared following the guidelines recommended by
the Government Finance Officers Association of the United States and
Canada. The Government Finance Officers Association awards Certifi-
cates of Achievement for Excellence in Financial Reporting to those
governments whose Comprehesive Annual Financial Reports are judged to
conform substantially with high standards of public financial report-
ing, incl uding general ly accepted accounting principl es promul gated by
the Governmental Accounting Standards Board. Our financial reports
for the past five years have received this award. It is my bel ief
that the accompanying report meets program standards, and it will be
submitted to the Government Finance Officers Association for review.
Respectfu ly submitted,
Geral G Spl inter
City anager
�,�C�,�
p :�a
��������c�
1
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6301 SHINGLE CREEK PARKWAY
CITY
OF
B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
C ENTER EMERGENCY POLICE FIRE
911
r
June 16, 1989
i Mr. Gerald G. Splinter
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The comprehensive annual financial report of the City of Brooklyn
Center for the fiseal year ended December 31, 1988, is hereby
submitted. Responsibil ity for both the accuracy of the data, and the
completeness and fairness of the presentation, including all
disclosures, rests with the government. 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 and results of operations of the various funds and account
groups of the gov ernment. Al l di scl osures necessary to enabl e the
reader to gain an understanding of the government�s financial
activ ities hav e been incl uded.
The comprehensive annual financial report is presented in three sec-
tions: introductory, financial, and statistical. The introductory
section includes this transmittal letter, the government's organiza-
tional 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 auditors' report on the financial statements
and schedules. The statistical section includes selected financial
and demographic information, generally presented on a multiyear basis.
The government is required to undergo an annual single audit in
comformity with the provisions of the Single Audit Act of 1984 and
U.S. Office of Management and Budget Circular A-128, Audits of State
and Local Governments. Information related to this single audit,
including the schedule of federal financial assistance, findings and
recommendations, and auditors' reports on the internal control struc-
ture and compliance with applicable laws and regulations, are issued
as a separate report.
�cF
r
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The City provides the full range of municipal services contemplated by
statute or charter. This includes public safety (police and fire),
streets, sanitation, health and social services, culture-recreation,
public improvements, planning and zoning, and general administrative
serv ices. The City al so operates three off-sal e 1 iquor stores and a
public water and sewer utility. Net revenue produced in excess of
working capital requirements by the municipal liquor stores operations
have been used toward financing current expense and capital outlay
programs of the General Fund.
POR ING ITY
�E E��'
In accordance with Governmental Accountin Standards Board ronounce-
P
u all funds account
h C' financial statements incl de
ments t e it s
Y
groups, departments, agencies, boards, commissions, and other organi-
zations over which City officials exercise oversight responsibility.
Oversight responsibility includes such aspects as appointment of
gov erning body members, budget rev iew, approv al of property tax
levies, outstanding debt secured by City full faith and credit or
revenues, and responsibility of funding deficits.
As a result of applying this criteria, certain organizations have been
included or excluded from the City's financial statements, as follows:
INCLUpED:
Economic Development Authority in and for the City of Brooklyn Center
(EDA).
The EDA was created by the City to carry out local programs for
assistance to low income citizens for home improvements. Inasmuch as
the EDA's governing board is appointed by the City Council, the
Council reviews and approves EDA tax levies, the City provides major
community development financing for EDA activities, and the City
Manager is the Executive Director, the EDA is considered to be a
component unit of the City.
�XCLU1�
The Brooklyn Center Fire Department Relief Association.
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This association is organized as a non-profit organization by its
members to provide pension and other benefits to such members in
accordance with Minnesota statutes. The board of directors is elected
by the membership of the organization. All funding is conducted in
accordance with Minnesota statutes, whereby state aids flow to the
association, tax 1 ev ies, if necessary, are determined by the associa-
tion and are only reviewed by the City, and the association pay bene-
fits directly to its members. Because the association is able to fund
its programs independently of the City, it is excluded from reporting
ent i ty
Independent School District No. 286 (Earle Brown)
Independent School District No. 279 (Osseo)
Independent School District No. 281 (Robbinsdale)
Independent School District No. 11 (Anoka)
Independent School District No. 27g (Suburban Hennepin County Area
Vocational Technical Institute)
These districts, like all school districts in Minnesota, are complete-
ly independent of any other governmental entity. They have their own
elected Board of Education, levy their own taxes and prepare and issue
1 their own financial reports.
ECONOMIC CONQ��'I01� ,�I OUTLOOK
The City is located in the northwestern corner of the Minneapolis-St.
Paul metropolitan area. While the rest of the state has experienced
poor economic conditions during the 1980's due to declines in the farm
and mining economies, the metropolitan area has experienced consistent
growth due to its manufacturing and service industries. The outlook
is for continued growth in the metropolitan area and some improvement,
or at least a halt to the decline, of the farm and mining economies.
MAJpR �NITIA�IV�S
The City created an Economic Development Authority (EDA) in 1988 which
took over all the activities and assets af the Housing and Redevelop-
ment Authority (HRA) which had existed up until 1988. Under Minnesota
statutes, an EDA has the authority to carry on all of the activities
of an HRA, plus the right to operate an enterprise. The major new
activity fo the EDA is the restoration of the Earle Brown Farm
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historical site and its development as a convention center. Total
cost of the Earle Brown Farm will be $9,200,000 and it will be open
for business in Apri1 1990.
The City of Brooklyn Center, along with the City of Fridley and the
City of Brooklyn Park, joined to form the North Metro Convention
Bureau. Revenues for the Bureau come from a 3� lodging tax on all
hotel and motel rooms in the three cities. The Bureau's purpose is to
promote conventions, many of which will use the facilities of the
Earle Brown Farm.
F�l�� C I A� 1�.EQB M_AT_19Jn
Management of the government is responsbile for establishing and
maintaining an internal control structure designed to ensure that the
assets of the government 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 comformity with generally
accepted accounting principles. The internal control structure is
designed to provide reasonable, but not absolute, assurance that these
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 and benefits requires
estimates and judgments by management.
Single Audit. As a recipient of federal, state and county financial
assistance, the government also is responsible for ensuring that an
adequate internal control structure is in place to ensure compliance
with applicable laws and regulations related to those programs. This
internal control structure is subject to periodic evaluation by
manangement and the independent auditors.
As a part of the government's single audit, described earlier, tests
are made to determine the adequacy of the internal control structure,
including that portion related to federal financial assistance pro-
grams, as well as to determine that the government has complied with
appl icabl e 1 aws and regul ati ons. The resul ts of the gov ernment's
single audit for the fiscal year ended December 31, 1988 provided no
instances of material weaknesses in the internal control structure or
significant violations of applicable laws and regulations.
Budgeting Controls. In addi�ion, the government maintains budgetary
controls. The objective of these budgetary controls is to ensure
compliance with legal provisions embodied in the annual appropriated
budget approved by the government'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 projeets funds. The level of budgetary control (that is,
the level at which expenditures cannot legally exceed the appropriated
amount) is established by function and activity within an individual
fund. The government also maintains an encumbrance accounting system
as one technique of accompl ishing budgetary control. Encumbered a-
mounts lapse at year end and generally are not reappropriated as part
of the following year's budget.
I As demonstrated by the statements and schedules included in the finan-
cial section of this report, the government continues to meet its
responsibility for sound financial management.
General Fund Funetions. The following schedule presents a summary of
general fund revenues for the fiscal year ended December 31, 1988 and
compares them to 1987.
Gg�era� Fund Reve�ues �t�r Financ�� ��a,�ce�
Increase
of (Decrease)
1988 Total 1987 From 1987
Taxes, Ad Valorem 3,318,656 37.3� 2,541,016 777,640
License permits 329,783 3.7� 345,019 (15,236)
Intergovernmental
revenue 3,078,491 34.6� 3,060,252 18,239
Charges for
services 1,215,635 13.7� 1,114,203 101,432
Court fines 243,952 2.8� 269,903 (25,951)
Misc revenues 363,918 4.1% 310,613 53,305
Other financing
sources 337,871 3.8� 166,888 170,983
TOTAL $8,888,306 100�0� $7,807,8g4 1,080,412
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I
The large increase in property taxes was caused by three factors; a
normal increase in the levy, inclusion for the first time of the
lodging tax, and the fact that the 1987 tax revenue had to be
depressed by the write off of old receivables. Charges for services
benefited from the collection of engineering fees charged to the
Capital Projects Funds and the Economic Development Authority for the
services of the City's Engineering Department on construction pro-
jects. An increase in interest on investments raised miscellaneous
revenues. Other financing sources were raised to cover some rnajor
capital outlays.
The following schedule presents a summary of general fund expenditures
for the fiscal year ended December 31, 1988 and compares them to 1987.
Gene� F� E�nen�iture�
Increase
of De crea se
1988 Total ___1987__ From 1987
General Government 1,768,607 20.8% 1,532,185 236,422
Public Safety 2,716,205 32.0°6 2,604,773 111 ,432
Public Works 1,768,918 20.8� 1,552,532 216,386
Community Health
Services 69,117 .8� 48,185 20,932
Parks Recreation 1,706,516 20.1� 1,597,901 108,615
Economic Develop-
ment 162,271 1.9� 162,271
Non-Departmental 310,475 3.6% 313,860 (3,385)
TOTAL $8,502,109 100.0% $7,649,436 $852,673
The significant increase in General Government is primarily due to
major capital outlays for buildings. Public Works expenditures were
raised by a combination of increased costs for supplies, contractual
services and capital outlays. The new category of Economic Develop-
ment represents the payment to the North Ntetro Convention Bureau of
the proceeds of the 3� lodging tax.
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G�[�RAL FUND BALANC�
The fund balance of the general fund increased by 8� in 1988. The
ending balance of $5,657,535 is the equivalent of seven months of
expenditures for the 1989 budget. In the recent past, the City hasn't
needed to use any short-term debt and doesn't anticipate such a need
in the future.
E V�RPRIS� QP�RA�ION�
The City's enterprise operations are comprised of three separate and
distinctive activities: Liquor stores, the Water and Sewer utility
and the Golf Course. The liqour operation is composed of three
stores. Two are city owned and the third is leased. In May 1989 a
new long-term lease was signed for the third store and it is being
remodel ed to improv e v isabil ity and access.
The Water and Sewer Utility is largely developed and already reaches
all parts of the City. Revenues were increased for both water and
sewer by a rate increase which took effect on January 1, 1988. Water
sal es were up because of 1 awn sprinkl ing during one of the dryest
summers on record. Three fourths of the sewer operating expenses are
fees paid to the Metro Waste Control Commission for sewage treatment
and those fees increased 13�. Depreciation expense for the water
utility increased because large capital outlays made in 1987 were
depreciated beginning in 19$$ Emergency repairs to wells also in-
flated the water operating expense.
Centerbrook Golf Course began operating in 19$$ and while it showed a
loss, it did substantially better than had been projeeted. Rounds
played were 35 ,000 in 1988 and are projected to 37,000 in 1989
Expectations are for the golf course to be close to breaking even in
1989 and to have profitable years after that.
AD� N.�T.��.T�.��1
At December 31, 1988, the City had nine debt issues outstanding.
These issues included $1,440,000 of general obligation bonds,
$6,060,000 of tax increment debt with gov ernment commitment,
$1,220,000 of special assessment debt without government commitment
and $180,000 of revenue bonds. The City has a A-1 rating from Moody's
Investors Service. Under current state statutes, general obligation
bonded debt issuances are subject to a legal limitation based on 7.
percent of total assessed value. As of December 31, 1988, the general
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obl igation bonded debt of $1,440,000 was wel l bel ow the 1 egal limit of
$16,406 and debt per capita equalled $23.41. No bonds were issued
during the year.
CASH �NA�EMENT
The Finance Department keeps abreast of current trends and procedures
for cash management and forecasting so as to insure efficient and
profitable use of the City's cash resources.
Cash is invested only in investments authorized by Minnesota Statutes
Chapter 475. The yield on maturing investments ranged from a high of
12.0 percent to a 1 ow of 4.25 percent. Interest earned during 1988
amounted to $2,001,478 compared to $2,018,741 during 1987
All deposits were either insured by federal depository insurances or
collateralized. Except when the City has received a tax settlement
and can't invest the funds until the next day, the collateral is never
exceeded. At year end, aZl deposits were collateralized.
Cash balances for all funds of the City are maintained on a combined
basis and invested, to the extent possible, in short-term securities.
Earnings from securities are allocated to the various funds in propor-
tion to their relative cash book balances.
�NDEPENDENT AUDI'�
The City Charter and State Statutes require the Council to provide for
an audit of the financial transactions of the City. Deloitte Haskins
and Sell s has been retained for that purpose and their unqual ified
opinion has been included in this report.
CERTIFICA.� ACHIEVEMENT
The Government Finance Officers Association of the United States and
Canada (GFOA) 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 1987
In order to be awarded a Certificate of Achievement for Excellence in
Financial Reporting, a governmental unit must publish an easily read-
able and efficienty organized comprehensiv e annual financial report,
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whose contents comform to program standards. Such reports must
satisfy both general ly accepted accounting principl es and appl icabl e
legal requirements.
A Cerificate of Achievement is valid for a period of ony year only.
We believe our current report continues to comform to Certificate of
Achievement Program requirements, and we are submitting it to GFOA to
determine its eligiblity for another certificate.
ACKNOWLE�GEMENTS
The preparation of this report on a timely basis could not be accom-
plished without the efficient and dedicated services of the entire
staff of the Department of Finance. I would like to express my appre-
ciation to all members of the Department, with special recognition to
Charles Hansen, Assistant Finance Director and Kelly Gooden,
Secretary. I would also like to thank the Mayor, Council members and
the City Manager for their interest and support in planning and
conducting the financial operations of the City in a responsible and
progressive manner, and the independent auditors for their valuable
and willing assistance.
Respectfully submitted,
Q� W
Paul W. Holmlund
Director of Finance
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Certif icate of
Achievement
f or Exce�lence
in Financial
Aeporting
Presented to
Cit of Brookl n Center
y 1
Minnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1987
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and pubhc employee rehreme
nt
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
����rn�
9
NREDAA7FS
o
S �,r President
�,K.�o
Ewecutive Directar
Deloitte
Haskins�Sells
4300 Norwest Center
90 South Seventh Street
Minneapolis, Minnesota 55402-4150
612 344-0200
ITT Telex: 4995620
FAX: (612) 339-6202
INDEPENDENT AUDITORS' REPORT
Honorable Mayor and Members
of the City Council
City of Brooklyn Center, Minnesota:
We have audited the accompanying general purpose financial statements
of the City of Brooklyn Center, Minnesota and the combining, individual
fund and account group financial statements of the City as of
December 31, 1988 and for the year then ended, listed in Section II of
the table of contents. These financial statements and the supplemental
schedules discussed below are the responsibility of the City's
management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with generally accepted suditing
standards. 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 sudit 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 31, 1988 and the results of its
operations and the changes in financial position of its proprietary
fund types for the year then ended in conformity with generally
accepted accounting principles. Also, in our opinion, such combining,
individual fund and account group financial statements present fairly,
in all material respects, the financial position of each of the
individual funds and account groups of the City of Brooklyn Center,
Minnesota at December 31, 1988 and the results of operations of such
funds and the changes in financial position of individual proprietary
funds for the year then ended in conformity with generally accepted
accounting principles.
f
—1a—
Our sudit was made for the purpose of forming an opinion on the general
purpose financial statements taken as a whole and on the combining,
individual fund and account group financial statements. The
accompanying financial information listed as schedules in the foregoing
table of contents is presented for purposes of additional analysis and
is not a required part of the financial statements. Such supplemental
schedules have been subjected to the auditing procedures applied in our
audit of the general purpose, combining, individual fund and account
group financial statements and, in our opinion, are fairly stated in
all material respects when considered in relation to the financial
statements of each of the respective individual funds and account
groups taken as whole.
�i �/f
..k�k:d-v�-� P .�r�-rc�
May 12, 1989
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Cit of Brookl n Center Minn
y y esota
GENERAL PURPOSE FINANCIAL STATEMENTS
The genera 1 purpose financia 1 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.
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City of Brooklyn Center EXHIBIT 7
All Fund Types and Account Groups
COMBINED BALANCE SHEET (Continued next page)
December 31, 7988
Proprietary Fiduciary Totals
Governmental Fund Types Fund Type Fund Type Account Groups (Memorandum Only)
Special Debt Capital General General Long- December 31,
General Revenue Service Projects Enterprise Agency Fixed Assets Term Debt 1988 1987
ASSETS
Cash and investments (Note 2) S5 843 038 S3 636 404 S3 515 446 S6 952 267 $3 994 569 E23 941 724 E22 211 507
Temporary improvement notes (Note 3) 183,190 112,162 102,744 214,545 246,969 859,610 679,228
Receivables:
i Accounts 36,779 3,128 4,540 344,720 389,107 426,947
Delinquent Taxes (Note 1I) 96,438 1,560 7,523 105,521 73,052
Special assessments:
Deferred 16,002 1,398,786 761,811 93,599 2,270,198 2,196,684
Delinquent 2,147 44,549 13,402 3,341 63,439 50,525
Due from other funds (Note 12) 253,367 25,000 278,367 70,734
Due from other governments 26,323 253,367 7,466,367 159,918 1,905,975 1,947,855
Inventories and supplies (Note 1G) 39,973 261,736 301,709 314,382
Prepaid expenses 2,162 110,551 112,773 715,658
Interfund advances (Note 12) 72,834 1,957,018 2,029,852 274,419
Restricted investments and other assets 4,127,020 4,127,020 4,128,775
Investments for deferred canpensation
plan at market (Note 74) $1,339,628 1,339,628 1,163,921
Property, plant and equipment (Note 4) 18,985,299 574,214,165 33,199,464 32,979,640
Less accumulated depreciation (4,957,998) (4,957,998) (4,669,142)
Amount available in Debt Service Funds E3,617,203 3,617,203 3,360,297 I
Amount to be provided for General long-
7erm Debt 5,444,758 5,444,758 6,326,192
Total Assets 56,300,677 54,278,137 55,069,048 E11,394,950 523,369,724 E1,339,628 514,214,165 E9,061,961 E75,028,290 E71,650,674
City of Brooklyn Center EXNIBIT 1
All FurxJ Types and Account Groups
COMBINED BALANCE SHEET (Contirwed fran prior page)
December 31, 1988
Proprietary Fiduciary Totals
Governmental fund Types Ftmd Type Fund Types Account Groups (Memorandum Only)
Special Debt Capital General General Long- December 31,
General Revenue Service Projeets Enterprise Agency Fixed Assets Term Debt 1988 1987
L(ABILITIES AND FUND EQUITY
Liabilities
Accounts payable E261,465 570,059 E987 E8,047 5291,422 E631,980 E434,969
Due to other funds (Note 12) 253,367 25,000 278,367 70,734
Accrued salaries and wages 223,956 20,317 244,273 168,686
Accrued vaeation sick pay (Note 1J) 68,392 28,151 E341,961 438,504 413,136
lemporary improvement notes (Note 3) 859,610 859,610 679,226
Deferred revenue 69,329 19,709 1,450,858 775,213 2,335,109 2,195,379
Interfund advances 668,042 1,361,810 2,029,852 274,419
Revenue bonds payable (Notes 5& 6) 180,000 180,000 225,000
General obligation bonds payable (Note 5) 1,440,000 1,440,000 1,740,000
Special assessment bonds payable (Note 5) 1,220,000 1,220,000 1,500,000
Tax increment bonds payabte (Note 5) 6,060,000 6,060,000 6,120,000
Deferred conipensation funds held for
participants (Note 14) 1,339,628 1,339 628 1,163,921 I
Total Liabilities 643,142 1,011,177 1,451,845 1,642,870 1,906,700 1,339,628 9,061,961 17,057,323 14,985,472
i
Fund Equity
Contributed cepital (Note 8) 11,302,495 11,302,495 t0,616,086
Invested in general fixed assets 514,214,165 14,214,165 15,990,707
Retained earnings:
Reserved:
Debt retirement (Note 6? 127,020 127,020 128,775
Special assessments 96,940 96,940 111,224
Plant expansion 4,000,000 4,000,000 4,000,000
Working capitat 620,000 620,000 620,000
Unreserved 5,316,569 5,316,569 5,104,603
Fund Balances:
Reserved:
Inventories 39,973 39,973 44,644
Debt service 3,617,203 3,617,203 3,360,297 i
Unexpended appropriations 28,205 28,205 49,809 l
State approved projects 2,205,510 2,205,510 2,022,872
[nterfund loans 72,834 1,957,018 2,029,852 I
Unreserved: I
Undesignated 5,544,728 3,266,960 5,561,347 14,373,035 14,616,185
Total Fund Equity 5,657,535 3,266,960 3,617,203 9,752,080 21,463,024 14,214,165 0 57,970,967 56,665,202
TOTAL LlAetllTlES AND FUND EoU1TY E6,300,677 S4,278,137 55,069,048 E11,394,950 E23,369,724 E1,339,628 E14,214,165 E9,061,961 E75,028,290 E71,650,674
I
(See notes to financial statements>
City of Brooklyn Center EXNIBIT 2
All Goverrimental Fund Types
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CNANGES IN fUND BALANCES
Year Ended December 31, 1988
Totals
(Memorandum Only)
Special Debt Capital
Revenues General Revenue Service Projects 1988 7987
Taxes and s cial assessments 53,318,656 5988,637 5878,672 5155,225 55,341,190 53,973,600
Licenses and permits 329,783 329,783 345,079
Intergoverrmental 3,078,491 327,431 91,632 612,819 4,110,373 3,854,503
Charges for services 1,215,635 53,577 1,269,212 1,151,243
Court fines 243,952 243,952 269,903
Investment earnings 326,248 274,123 241,284 605,975 1,447,630 1,382,558
Sale of property 0 228 665
Miscellaneous ____37,670 42,699 7,174,284 7,25T,670
Total Revenues 8,550,435 1,686,467 1,214,605 2,548,303 13,999,810 11,292,558
Expenditures
Current:
I General government 1,768,607 4,674 1,773,281 1,573,858
Public safety 2,716,205 2,716,205 2,604,773
Public works 1,768,918 1,768,918 1,552,532
Conmunity health services 69,117 69,117 48,185
Parks and recreation 1,706,516 59,130 1,765,646 1,597,901
Economic development 162,271 670,971 833,242 629,312
Non-departmental 310,475 43,413 353,888 355,278
Capital outlay 1,274,595 7,274,595 1,898,270
Debt service:
Princi al retirement 0
640 000 640 00 1 304 925
P
Interest and fiscal charges 690,275 690,275 1,017,925
7otal Expenditures _8,502,109 734,775 1,330,275 1,318,008 11,885,167 12,582,899
Excess/Deficiency(-) Revenues Over Expenditures 48,326 951,692 (115,670) 1,230,295 2,114,643 (1,290,341)
Other Financing Sources or Uses(-)
Proceeds of General Obligation Bonds 1,200,000
Operating transfers in 337,871 310,190 506,099 1,494,746 2,648,906 1,039,737
Operating transfers out (1,339,692) (1,219,214) (2,558,906) (929,737)
Payments to escrow agent (1,170 075)
l Total Other Financing Sources or Uses(-) 337,871 (1,029,502> 506,099 275,532 139,925
Excess or Deficiency(-) of Revenues and Other
Sources Over Ex nditures and Other Uses 386,197 (77,810) 390,429 1,505,827 2,204,643 (1,150,416>
Fund Balance January 1 5,247,769 3,477,446 3,360,297 8,008,294 20,093,806 21,250,790
Decrease in reserve inventories (4,671) (4,671) (6,568)
Equity transfers 28,240 (132,676) (133,523) 237,959 0
Fund Balance December 31 55 53-266,960 $3_617_203 59,752 S22_293 520,093,806
(See notes to financial statements)
-19-
City of Brooklyn Center EXHIBIT 3
General and Special Revenue Fu�ds
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN fUND BALANCES BUDGET (GAAP BASIS) AND ACTUAL
Year Ended December 31, 1988
General F�nd Speciat Revenue Funds
Actual Over Actuat Over
Under(-) Under(-)
_Budget Actual Budget Actual Budget
Revenues
Property taxes 53,422,403 53,318,656 ($103,747) 5974,369 5988,637 514,268
Licenses and permits 333,200 329,783 (3,417)
intergoverrniental 3,074,468 3,078,491 4,023 327,700 327,431 (269)
Charge for services 1,181,373 1,215,635 34,262 53,500 53,577 77
Court fines 270,000 243,952 (26,048)
Miscellaneous 333,885 363,918 30,033 335,845 316,822 (19,023>
Total Revenues 8,615,329 8,550,435 (64,894) 1,691,414 1,686,467 (4,947)
Expendi tures
Current:
General goverronent 1,995,406 1,768,607 (226,799) 5,000 4,674 (326)
Public safety 2,839,117 2,716,205 (122,912)
Public works 1,864,131 1,768,918 (95,213>
Community health services 68,858 69,117 259
Parks and recreation 1,793,256 1,706,516 (86,740) 60,000 59,130 (870)
Economic developrtient 175,000 162,271 (12,729) 750,046 670,971 (79,075}
Non-departmental 475,437 310,475 (164,962)
Total Expenditures 9,211,205 8,502,109 (709,096) 815,046 734,775 (80,271)
Excess or Deficiency(-) of Revenues Over Expenditures (595,876) 48,326 644,202 876,368 951,692 75,324
Other Financing Sources or Uses(-)
Operating transfers in 317,876 337,871 19,995 378,565 310,190 (68,375>
Operating transfers out (745,710) (1,339,692) (593,982)
Total Other Financing Sources or Uses(-) 317,876 337,871 19,995 (367,145) (1,029,502) (662,357)
Excess or Deficiency(-) of Revenues and Other
Sources Over Expenditures and Other Uses (278,000> 386,197 664,197 509,223 (77,810) (587,033)
Fund Balance January 1 5,247,769 5,247,769 0 3,477,446 3,477,446 0
Decrease in reserve for inventories (4,671) (4,671)
Equity transfers 28,000 28,240 240 (132,899) (132,676) 223
Fund Balance December 31 S4_997_769 55�657_535 5659 766 S3_853_770 $3_266_960 _(5586_810)
(See notes to financial statements)
-20-
City of Brooklyn Center EXHIBIT 4
Proprietary Fund Type
COMBINED STATEMENTS OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
For the Year Ended December 31, 1988
Enterprise Funds
Operating Revenues
Sales and user fees $4,690,144 $4,180,583
Cost of sales 2,000,854 1,930,254
Total Operating Revenues _2,689,290 _2,250,329
Operating Expenses
Personal services 638,121 499,670
Supplies 169,855 126,857
Other services 1,348,103 1,065,024
Insurance 50,767 37,918
Utilities 198,447 160,085
Rent 212,844 207,920
Depreciation 359,592 257,465
Total Operating Expenses 2,977,729 2,354,939
Operating Income or Loss(-) (288,439) (104,610)
Non-Operating Revenues or Expenses
Investment earnings 639,018 636,183
Special assessments 12,936 39,389
Other revenue or expense(-) 9,143 8,232
Interest and fiscal agent fees (86,731) 34 652
Non-Operating Totals 574,366 649,152
Income Before Operating Transfers 285,927 544,542
Operating Transfers Out(-) (90,000) (110,000)
Net Income 195,927 434,542
Retained Earnings January 1 _9,964,602 _9,530,060
Retained Earnings December 31 $10,160,529 $9,964,602
(See notes to financial statements)
-21-
City of Brooklyn Center EXHIBIT_5
Proprietary Fund Type
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1988
Enterprise Funds
Sources of Financial Resources
Operations:
Net income for year $195,927 $434,542
Add: Items not requiring current outlay
depreciation ___359,592 ___257,465
Total Resources Provided by Operations 555,519 692,007
Contribution toward construction 1,786,409 19,106
Decrease in restricted assets 1,755 18,090
Total Sources 2,343,683 729,203
Use of Financial Resources
Purchase of properties 2,067,102 655,007
Payments to retire bonds 58,723 57,609
Total Uses 2,125,825 712,616
Net Increase or Decrease(_) in Working Capital __$217,858 ___$16,587
Elements of Increase or Decrease(-) in
Working Capital
Cash and investments $373,358 ($274,370)
Temporary improvement notes 130,617 116,352
Accounts receivable 15,525 (7,907)
Accrued revenue 6,142 24,451
Assessments receivable (17,493) 15,726
Due from other governments (67,425) (52,392)
Inventories (8,002) (2,796)
Prepaid expense (2,745) 32,058
Accounts payable (174,430) (20,732)
Contracts payable 134,239
Due to other funds (25,000) 36,363
Accrued liabilities (11,575) 16,619
Current portion of long-term debt (1,114) (1,024)
Net Increase or Decrease(_) in Working Capital __$217,858 ___$16,587
(See notes to financial statements)
-22-
�.1 �Y 9.� Br44 k 1Y�1 ��l��r
NOTES �0 FINANCIAL STA�M�N�S
�QB �HE YEAR �N.p.�D D�CE�R 12$$
Note 1: S�mmary �i�ni�ican� Accou��in� PQ��ies
A. R�or�rJg ��titv
The City's financial statements include all funds, account
groups, departments, agencies, boards, commissions, and
other organizations over which City officials exercise
oversight responsibility.
Oversight responsibility includes such aspects as appoint-
ment of governing body members, budget review, approval of
property tax levies, outstanding debt secured by City full
faith and credit or revenues and responsibility for funding
deficits.
As a result of applying the entity definition criteria of
the Governmental Accounting Standards Board, certain organ-
izations have been included or excluded from the City's fi-
nancial statements, as follows:
Included:
Economic Development Authority in and for the City of
Brooklyn Center (EDA).
EDA was created by the City to provide housing and
redevelopment assistance to Brooklyn Center citizens.
The EDA provides this assistance through the admini-
stration of various programs. Inasmuch as the EDA's
governing board is appointed by the City Council, the
Council reviews and approves EDA's tax levies, the City
provides major community development financing for EDA's
activities, and the City Manager is the Executive
Director, the EDA is considered to be a component unit
of the Ci ty
.�cluded:
The Brooklyn Center Fire Department Relief Association.
The Association is organized as a non-profit organization
by its members to provide pension and other benefits to
-23-
Note 1: �.1��Tl�.Y 4� �.$'1��ca� ,A�cou�tina �olicies (continued)
A. �g���in� E�?titv_ continued
such members in accordance with Minnesota statutes. The
board of directors is elected by the membership of the or-
ganization. Al1 funding is conducted in accordance with
Minnesota statutes, whereby state aids flow to the associ-
ation. Tax levies, if necessary, are determined by the
association and are only reviewed by the City, and the
association pays benefits directly to its members. Be-
cause the association is able to fund its programs inde-
pendently of the City, it is excluded from the reporting
entity. State Aid insurance premium tax in the amount of
$83,988 and ad valorem taxes in the amount of $26,743 were
receipted by the City and disbursed to the Association
during 19$$•
Independent School District No. 286 (Earle Brown)
Independent School District No. 27g (Osseo)
Independent School District No. 281 (Robbinsdale)
Independent School District No. 11 (Anoka)
Independent School District No. 287 Suburban Hennepin
County Area Voca-
tional Institute)
These Districts, like all school districts in Minnesota,
are completely independent of any other governmental
entity. They have their own elected Board of Education,
levy their own taxes and issue their own financial re-
ports.
B. �I�SI �S�oun�in�
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, liabili-
ties, fund equity, revenues, and expenditures, or ex-
penses, as appropriate. Government resources are allo-
cated to and accounted for in individual funds based
upc�n 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 state-
ments in this report, into six generic fund types and
three broad fund categories as follows:
-24-
Note 1: Summa�,y Q,� Significa�� �lccouqtin� Pol�.cie� (continued)
GOVERNMENTAL FUNDS
General Fund The General Fund is the general operating fund
of the City. It is used to account for all financial resourc-
es except those required to be'accounted for in another fund.
Special Revenue Funds Special Revenue Funds are used to ac-
count for the proceeds of certain specific revenue sources
that are legally restricted to expenditures for specified pur-
poses.
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 re-
lated costs.
Capital Projects Funds Capital Projects Funds are used to
aecount 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.
FIDU CIARY FU NDS
Agency Funds Agency Funds are used to account for assets
held by the City as an agent for others.
C; ��,xPd Assets and Long-Te�r� Liab���,�
The accounting and reporting of fixed assets and long-
term liabilities associated with a fund are determined
by its measurement focus. Al1 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 consid-
ered a measure of "available spendable resources."
Governmental fund operating statements present in-
creases (revenues and other financing sources) and
decreases (expenditures and other financing uses) in
net current assets. Accordingly, they are said to
-25-
Note 1: Summary Si�nifi�ant �ccountinE ��,icies (continued)
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.
Effective January 1, 1987, 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.
Al1 fixed assets are valued at historical cost or esti-
mated historical cost if historical cost is unavail-
able. Donated fixed assets are valued at their esti-
mated value as of the date donated.
The fixed assets of the proprietary funds are depreci-
ated 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
i 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.
Long-term liabilities expected to be financed from
i� governmental funds are accounted for in the General
Long Term Debt Account Group, not in the gov ernm ental
funds.
D: Bas� Aecounting
Governmental funds and agency 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.
-26-
Note 1: Summarv S�gnifica.�t .�,ceou�in� Po��ies (continued)
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 in-
clude licenses and permits, fees and miscellaneous
revenues; such revenues are recorded only as received
because they are not measurable until collected. In-
terest on special assessments is recognized as revenue
when due, net of delinquencies.
Expenditures are generally recognized under the modi-
fied 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 recog-
nized 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.
E. Bud.a,�� Bud�Pta�y Aecou�tin�
The City follows these procedures establishing the
budgetary data reflected in the financial statements:
1. By the first regular Council meeting in September,
the City Manager submits to the City Council proposed
operating budgets for the fiscal year commencing the
f ollowing January. The operating budgets include ex-
penditures and the means of financing them.
2. Public hearings are conducted to obtain taxpayer
comments.
3. The budgets are legally enacted through passage of
a resolution by the City Council not ].ater than the
first week of October.
4. The City Council must authorize any transfer of
budgeted amounts between departments within any fund.
5. Supplemental appropriations may be made during the
year by the City Council. These amounts must be
financed by funds from the contingency reserve set up
in the general fund or by additiona]. revenues.
6. All budget amounts lapse at the end of the year to
the extent they have not been expended.
-27-
Note 1: Summarv �i�nific� �eco�antin� Polic�es (continued)
E, ,��,�ets B�eta,�y �eco�in� cot�t},nued�.
7. Formal budgetary integration is employed as a
management control device during the year for the
General Fund and Special Revenue Funds. Formal budge-
tary integration is not employed for Debt Service Funds
because effective budgetary control is alternatively
achieved through general obligation bond indenture pro-
visions. Budgetary control for Capital Projects Funds
is accomplished throu�h the use of project controls.
8. Budgets for the General and Special Revenue Funds
are adopted on a basis consistent with generally
accepted accounting principles.
g. Budgetary control is maintained at the expenditure
category level within each activity. Budgetary control
is maintained in compliance with City Council's di-
rections. City departments are not allowed to exceed
budgetary expenditure totals for the department.
10. Budgeted amounts are as originally adopted, or as
amended by the City Council. Individual amendments
were not material in relation to the orginal appropri-
ations.
F. �l�estq�ents
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. Temporary
cash investments are stated at cost which approximates
market.
G ��[.�1#�r.X
Inventories are valued at the lower of average cost or
market, using the first-in/first-out (FIFO) method.
The costs of governmental fund-type inventories are re-
corded as expenditures when consumed rather than when
purchased.
H. o t a1 .S���ID.t� 4.n �m1�3.n.€d S t a�� e n t s
Total columns on the Combined Statements are captioned
Memorandum Only to indicate that they are presented
only to facilitate financial analysis. Data in these
columns do not present financial position, results of
operations, or changes in financial position in con-
formity with generally accepted accounting principles.
Interfund eliminations have not been made in the
aggregation of this data.
-2s-
Note 1: Summarv S�'gnificant �4ccou,�tin� .policies (continued)
I. Pro,pertv
Property tax levies are set by the City Council in
October 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 record-
ed as receivables by the City at that date. Revenues
are acerued and recognized in the year collectible, net
of delinquencies.
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 four times a year, in February, April,
June and November.
Taxes which remain unpaid at December 31 are classified
as delinquent taxes receivable and are fully offset by
deferred revenue because they are not know n to be
available to finance current expenditures. No allow-
ance for uncollectable taxes has been provided because
such amounts are not expected to be material.
Minnesota cities operate under a levy limitation law which
allows an increase in the tax levy each year equal to the
Implicit Price Deflator increase or 3�, whichever is
greater, further indexed by the percentage increase in
households or population, whichever is greater. Levies for
bonded indebtedness are not limited by this law.
J. Ace���},i ated, �nnaid Vacation �ick ��y
The City pays employees severance pay upon termination
of employment based on accumulated sick leave and ac-
crued vacation. Such pay is accrued as an expense as
it is earned in the Enterprise Funds. For the General
Fund, the amount to be funded in future years is recorded
in the General Long-term Debt Account Group.
K. �gc�assificatio�
Certain 1987 accounts nave been reclassified to conform to
the 1988 presentation.
-29-
Note 2: �b InvestIDents
A. pgo o s j,�
�i In accordance with Minnesota Statutes, the City main-
tains deposits at those depository banks authorized
by the City Council. All such depositories are
1 members of The Federal Reserve System.
Minnesota Statutes require that all City deposits
be protected by insurance, surety bond, or collateral.
The market value of collateral pledged must equal 110�
of the deposits not covered by insurance or bonds
(140� in the case of mortgage notes pledged).
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 securi-
ties pledged as collateral be held in safekeeping by
the City treasurer or in a financial institution
other than that f urnishing the collateral.
At December 31, 1988 the carrying amount of the City's
demand deposits was $95,542 and the bank balance was
$136, 367. Of the bank balance, $103 was covered
by federal depository insurance (risk category 1) and
the remainder by collateral held in the pledging bank's
trust department in the City's name (risk category 2).
Cate�orv
(1) Insured or collateralized by securites held
t�y *he City or its agent in the City's name
(2) Collateralized with securities held by the
pledging institution's trust department
in the City's name
3) Uncollateral ized or collateral ized with
securities held by the pledging institution,
but not in the City's name
Categories 2 and 3 are not procedures that are author-
ized by Minnesota Statutes; however, due to the effects
of cash flows, the City's deposits have temporarily
fallen into these categories.
-30-
Note 2: C�� �rvestmen�� (continued)
Amounts in category 3, as defined above, were significant
at certain times during the year due to higher cash flows
arising from property tax collections or the receipt of
state aids.
B. �yPSr men#�,�
The City may also invest idle funds as authorized by
Minnesota Statutes, as follows:
(a) Direct obligations or obligations guaranteed by
the United State or its agencies. 1
(b) Shares of investment companies registered under
the Federal Investment Company Act of 1940 and
whose only inv estments are in securities de-
scribed in (a above.
(c General obl igations 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 corpora-
tions or their Canadian subsidiaries, of the
highest qual ity, and maturing in 270 days of 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, subd. 5.
-31-
Note 2: Cash and Investments (continued)
Balances at December 31, 1988
Credit Risk Category Carrying Market
Securities Type 1 2 3 Amount Value
U.S. Governments $500,000 $5,220,918 $1,506,924 $7,227,842 $7,170,491
Federal Agencies 17,823,857 1,049,782 18,873,639 18,713,373
Bankers Acceptance 1,108,759 1,108,759 1,108,759
Repurchase Agreemt 200,000 200,000 200,000
$500,000 $24,353,534 $2,556,706 $27,410,240 $27,192,623
Total Deposits (Note 2-A) ____95,542
Total Cash and Investments $27,505,782
Other Assets Investment Pools Deferred
Compensation Plan $1,339,628 $1,339,628
The City's investments are categorized above to give an indica-
tion of the level of risk assumed at year-end. Category 1 in-
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 invest-
ments for which the securities are held by the broker's or
dealer'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 broker or dealer, or by
its trust department or agent but not in the City's name.
Note 3: �moo�.ry �royemen� Note�
Temporary Improvement Notes represent interfund borrowings to
provide interim financing for construction projects or capital
outlay expenditures. Such loans bear interest at 12 percent
and totaled $859 ,610 and $679 ,228 at December 31, 1988 and
1987, respectively. For collection purposes, all of these
notes are considered current.
-32-
Note 4: Fixed Assets
Changes in the General Fixed Assets account group during 1988
were as follows:
Balance Balance
Jan. 1, Dec. 31,
1988 Additions Disposals 1988
Land $1,427,531 $1,465,868 $2,893,399
Buildings Improvements 6,008,115 99,021 $1,851,422 4,255,714
Park Properties 3,992,419 10,740 945,843 3,057,316
Furniture 470,747 97,640 568,387
Departmental Equipment _4,091,895 ___242,480 ___895,026 _3,439,349
TOTAL GENERAL FIXED
ASSETS $15,990,707 $I,915,749 $3,692,291 $14,214,165
Changes in the Liquor Fund Fixed Assets during 1988 were as
follows:
Balance Balance
Jan. 1, Dec. 31,
______1988 Additions Disposals ______1988
Land $106,776 $106,776
Buildings Improvements 216,547 216,547
Leasehold Improvements 39,670 39,670
Furniture Fixtures 41,812 $600 42,412
Departmental Equipment 115,158 37,322 $33,048 119,432
TOTAL LIQUOR FUND ASSETS $519,963 $37,922 $33,048 $524,837
-33-
Note 4: Fixed Assets (continued)
Changes in the Utility Fund Fixed Assets during 1988 were as
follows:
Balance Balance
Jan. 1, Dec. 31,
______1988 Additions Disposals ______1988
WATER DEPARTMENT
Land $24,816 $502 $25,318
Buildings Improvements 2,517,340 140,324 $178 2,657,486
Mains and Lines 7,570,370 7,570,370
Machinery Equipment 176,894 39,019 18,755 197,158
TOTAL WATER DEPARTMENT $10,289,420 __$179,845 ___$18,933 $10,450,332
SEWER DEPARTMENT
Buildings Improvements $1,034,465 $4,722 $1,039,187
Mains and Lines 4,968,191 4,968,191
Machinery Equipment 176,894 39,019 $18,755 197,158
TOTAL SEWER DEPARTMENT $6,179,550 $43,741 $18,755 $6,204,536
TOTAL UTILITY FUND $16,468,970 __$223,586 ___$37,688 $16,654,868
Changes in the Golf Course Fixed Assets during 1988 were as
follows:
Balance Balance
Jan. 1, Dec. 31,
1988 Additions Disposals 1988
Land $1,390,402 $1,390,402
Land Improvements 15,495 15,495
Buildings Improvements 306,021 306,021
Furniture Fixtures 16,304 16,304
Departmental Equipment ____77,372 ____77,372
TOTAL GOLF COURSE ASSETS $0 $1,805,594 $0 $1,805,594
r
-34-
Note 5: L�$:�rm APbt
The following is a summary of bond transactions of the City O
for the year ended December 31, 1988:
General G.O. Tax Water
Obligation Increment Improvement Revenue
_____Bonds _____Bonds _____Bonds Bonds _____Total
Bonds payable
January 1 $1,740,000 $6,120,000 $1,500,000 $225,000 $9,585,000
Bonds issued
Bonds retired ___300,000 ____60,000 ___280,000 45,000 ___685,000
Bonds payable
December 31 $1,440,000 $6,060,000 $1,220,000 $180,000 $8,900,000
In addition to the bond transactions, sick and vacation
accruals increased from $326,489 in 1987 to $341,961 in
1988
C�e�� Ob],j„�at Bonds
General Obligation Bonds are recorded in the General
Long-Term Debt Account Group and are backed by the full
faith and credit of the City.
��eremen� Bonds
Tax Increment Bonds are recorded in the General Long-
term Debt Account Group and are backed by the full faith
and credit of the City. They will be repaid from
incremental tax increases on the property within certain
development districts.
�i,�ovement B4nds
These bonds are recorded as a liability in the General
Long-Term Debt Account Group and are payable primarily
from special assessments levied and collected for local im-
provements. The City has a contingent liability relating to
a pledge of full faith and credit on the Special Assessment
Bonds. The general credit of the City is obligated only to
the extent that liens foreclosed against properties involved
in the special assessment districts are insufficient to re-
tire outstanding bonds.
-35-
Note 5: Long-Term Debt (continued)
Long-term debt maturities (including interest of $5,274,896) are as
follows:
General G.O. Tax Water
Obligation Increment Improvement Revenue
Bonds Bonds Bonds Bonds Total
1989 $408,795 $548,888 $303,385 $52,020 $1,313,088
1990 257,175 591,838 266,979 50,265 1,166,257
1991 398,445 592,650 246,775 48,510 1,286,380
1992 334,810 645,488 168,260 46,755 1,195,313
1993 321,780 669,282 127,158 1,118,220
1994 on 7,796,945 298,693 8,095,638
$1,721,005 $10,845,091 $1,411,250 $197,550 $14,174,896
Long-term debt obligations outstanding at year-end are summarized as
follows:
Bond
Payment issue Maturity Authorized
Rates Dates Date Date And Issued Retired Outstanding
Generat Obligation Bonds
G.O. State-Aid Street Bonds 6.75 3-01 9-01 09-01-70 03-01-91 51,050,000 5870,000 5180,000
1969 Buitding Impr Bonds 6.5 1-01 7-01 07-01-69 01-07-90 2,280,000 2,130,000 150,000
1980 Park Improvement Bonds 7.0-7.6 2-01 8-01 09-01-80 02-01-93 1,500,000 390,000 1,170,000
Total $4,830,000 $3,390,000 51,440,000
Tax Increment Bonds
1983 G.O. Tax Incr Bonds 7.2-9.0 2-01 8-01 11-01-83 02-01-97 5930,000 5120,000 5810,000
1985 G.O. Tax Incr Bonds 6.3-8.1 2-01 8-01 12-01-85 02-01-03 5,250,000 5,250,000
Totat 56,180,000 5120,000 56,060,000
Improvement Bonds
1970 Improvement Bonds 6.75 1-01 7-01 07-01-70 01-01-90 52,250,000 52,230,000 520,000
1976 Improvement Bonds 5.2-5.4 2-01 8-01 10-18-76 02-01-91 480,000 800,000 180,000
1987 Refunding Bonds 4.0-5.5 2-01 8-01 02-23-87 02-01-97 1,200,000_ 180,000 _1,020,000
7otal 54,430,000 53,210,000 E1,220,000
4later Revenue
Revenue Bonds of 1963 3.9 1-01 7-01 07-01-63 01-01-93 $1,000,000 5820,000 5180,000
On April 1, 1987, the City issued 51,200,000 in general obligation bonds with an average interest rate
of 5.06 percent to advance refund 51,825,000 of outstanding 1982 Improvement Bonds with an average
rate of 9.02 percent. The net proceeds of 51,170,072, plus an additional 5867,926 of 1982 Improvement
eonds sinking funds uere used to purchase U.S. government securities. Those securities were deposited
in an irrevocable trust uith an escrow agent to provide for all future debt service payments on the 1982
Improvement Bonds. As a result, the 1982 Improvement Bonds are considered to be defeased and the
liability for those bonds has been removed from the general long-term debt account group. At December 31,
1988, E1,625,000 of such bonds remain outstanding.
-36-
Note 6: �ublic U�ilities Fund
Public Utilities Revenue bonds were issued during 1963
to finance an addition to the water works system. These
bonds, together with related interest and service charges,
are payable solely from the operations of the Public
Utilities Fund and are not a general obligation of the
City. The resolution authorizing and directing the issuance
of these bonds contain covenants and restrictions enacted
f or the purpose of protecting the bondholders' interest.
Paragraph 8 of the resolution provides for the segregation
of assets and the appropriation of retained earnings for
debt retirement purposes and defines the manner of account-
ing for the activities of the Public Utilities Fund.
As required by Paragraph 10e af the issuing resolution,
an analysis of each account balance appears as follows:
Debt Ret�rement Aecount
Accumulated amounts set aside to meet 1989
requirements for interest and principal:
Investments with accrued interest 52,020
Reserve account investments 75,000
Total Debt Retirement Account:
All bonds are subject to redemption (call) on any interest
payment date in inverse-numerical order at par and accrued
interest.
-37-
Note: 7 Segment Information
Enterprise Funds: Municipal Public Golf
Li quor Utilities Course
fund Fund Fund Total
Operating Revenues $2,583,594 $1,899,586 $206,964 $4,690,144
Depreciation Expense 11,392 327,751 20,449 359,592
Operating Income (Loss) 148,787 (475,733) 38,507 (288,439
Operating Transfers (aut) (90,000) (90,000�
Net Income (Loss) 45,737 164,641 (14,451) 195,927
Current Capital Contributions 686,409 686,409
Property, Plant Equipment:
Additions 37,922 223,586 1,805,594 2,067,102
Deletions 33,048 37,688 70,736
Net Working Capital 253,794 4,551,183 (13,187) 4,791,790
Total Assets 792,971 20,775,121 1,801,632 23,369,724
Bonds and Other Long-Term
Liabilities Payable from
0perating Revenues 248,087 135,000 1,100,000 1,483,087
Total Equity $368,330 $20,422,736 $671,958 $21,463,024
Note: 8 Contributed Capital
Enterprise funds have received contributed capital from several sources.
The fixed assets acquired in this fashion have been depreciated along with
other fund assets, but the contributions under Fund Equity on the balance
sheet has not been reduced for the depreciation. During the year
contributions changed by the following amounts:
Public Golf
Utilities Course
SOURCE Fund Fund
Capital Improvements Fund $686,409
Special Assessment Construction Fund
Total Change $0 686,409
Contributions, January 1, 1988 10,616,086
Contributions, December 31, 1988 $10,616,086 _$686,409_
-38-
NOTE 9: .PE��QI�I .P��I��llBL.IC ��,LOY� �ETI$EMENT �SSOCIA�ION ��A.�.
City employees participate in the pension plans administered
by the Public Employ ees Retirement Association (PERA). In
accordance with Government Accounting Standards Board State-
ment No. 5, the PERA plans are classified as a defined-
benefit multiple-employer cost-sharing plans.
Disclosures relating to this plan is as follows:
A: Plan Deseribtio�
All full-time and certain part-time employees of the City of
Brooklyn Center are covered by defined pension plans admin-
istered by the Public Employees Retirement Association of
Minnesota (PERA). PERA administers the Public Employees
Re�irement Fund (PERF) and the Public Employees Police and
Fire Fund (PEPFF) which are cost-sharing multiple-employer
retirement plans. PERF members belong to either the Coor-
dinated Plan or the Basic Plan. Coordinated 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. The
payroll for employees covered by PERF and PEPFF for the year
ended December 31, 1988, was $3,�75,589 and $1,2�43,775 re-
spectf ul ly the Ci ty' s total pay roll was $4, 91 4, 164.
PERA provides retirement benefits as well as disability bene-
fits to members and benefits to survivors u on death of
eligible members. Benefits are established by state statute,
and vest after five years of credited service. The defined
retirement benefits are based on member's average salary for
any five successive years of allowable service, age, and
years of credit at termination of service. The annuity ac-
crual rate for a Basic member is 2 percent of average salary
for each of the first 10 years of service and 2.5 percent for
each remaining year. For a coordinated member, the annuity
accrual is 1 percent of average salary for each of the first
10 years and 1.5 percent for each remaining year. For PEPFF
members, the annuity accrual rate is 2.5 percent of average
salary for each of the first 25 years and 2 percent for each
remaining year. For both PERF and PEPFF, members are eligi-
ble for a full annuity when age plus years of service equal
90.
-39-
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 bef ore retirement benefits begin.
B. F�.��g S t a t u s��rQg��
1. Pension Benefit Obligation
The "pension benefit obligation" is a standarized disclosure
measure af the present value of pension benefits, adjusted
for the effects of projected salary increases and step-rate
benefits, estimated to be payable in the future as a result
of employee service to date. The measure, which is the
actuarial present value of credited projected benefits, is
intended to help users assess the PERA'S funding status on a
going-concern basis, assess progess made in accumulating
sufficient assets to pay benefits w hen due, and make compar-
i isons among Public Employees Retirement Systems and
employers. PERA does not make separate measurements of
assets and pension benefit obligations for individual
empl oy er s
The pension benefit obligations as of June 30, 19$$,
were as follows:
Publ ic Publ ic
Employees Employees
Retirement Police
Fund Fire Fund
(in millions)
Total pension benefit obligations $3 ,334 $513
available for benefits
Net assets
at cost (market value of PERF
$2,749; PEPFF $585) $2,611 $544
Unfunded (assets in excess of)
pension benefit obligation $__723 $(31)
-40-
The measurement of the pension benefit obligations is
based on an actuarial valuation as of June 30, 1988. Net
assets available to pay pension benefits were valued as
of June 30, 1988.
2. Change in Actuarial Methods
Prior to fiscal year 1988, the mortality table used was the
UP-1984 Unisex set forward on y ear for males and set back
four years for females. For fiscal year 1988, the PERA
Board of Trustees approved the use of the 1971 Group Annuity
Mortality Table projected to 1984 for males and females.
The change was made in order to reduce, if not eliminate, the
series of large, annually recurring mortality losses that
have been realized in the last f our years. With the adoption
of the new mortality table, the projected benefit obligation
increased $179,670,000 in Public Employees Retirement Fund
and $18,805,000 in Public Employees Police and Fire Fund.
The change is actuarial methods does not affect the City's
contribution rate.
C. �ntribut�ons Reaui.� Made
Minnesota Statutes Chapter 353 sets the rate for employer
and employee contributions. The City makes annual contribu-
tions to the pension plans equal to the amount required by
state statutes. Minnesota Statutes Chapter 356.215, subd.
4(g) provides the formula for determining the date of full
funding f or the PERF and the PEPFF. Those dates are 2010
and 2018 respectively. As part of the annual actuarial
valuation, PERA' S actuary determines the sufficiency of the
statutory contribution rates toward meeting the required
full funding deadline. The actuary compares the actual con-
tribution rate to a"required" contribution rate. Current
statutory rates and actuarially required contribution rates
for the plans are as follows:
-41-
Statut R tes Rea
Q .l�r�
�Y
�molov� �m,�,�
Public Employees
Retirement Fund:
Basic Plan 8� 10.50� 9.46%
Coordinated Plan 4� 4.25� 5.11�
Publ ic Employees
Police Fire Fund 8� 12.00� 15.97�
Total contributions made by the City during fiscal year 1988
were as follows:
Percentage of
CQ��� u t i o n C�_v��d P�y�^ 011
��.A.�4Y� ��P� oY� �!C►P 1 oX� E m.P�.4Y.��
X�
Public Employees
Retirement Fund:
Basic Plan 15,542 20,�402 8� 10.50�
Coordinated
Plan 114,936 122,455 4� 4.25�
Public Employees
Police Fire
Fund 98,702 14g,253 8� 12.00�
The City s contribution for the year ended June 30, 19$$, to
the Public Employees Retirement Fund represented approximate-
ly .2 percent of total contributions required of all partici-
pating entities. For Public Employees Police and Fire Fund,
contributions for the year ended June 30, 1988, represented
.7 percent of total contributions req uired by all partici-
pating entities.
D. �elated Pa�ty .Investm��t�
As of June 30, 1988, and for the fiscal year then ended, PERA
held no securities issued by the City or other related par-
ties.
E. �rend In�rmatio,�
Ten-year historical trend information is presented in PERA'S
Comprehensive Annual Financial Report for the Year ended
June 30, 1988. This inf ormation is useful in assessing the
pension plan's accumulation of sufficient assets to pay per.-
sion benefits as they become due.
-42-
Note 10: Pension Plan �ooklvn �enter
DeAartment �g.],j,g� Association
A. pese���ion
The City contributes to the Brooklyn Center Fire Department
Relief Association ("Association"). In accordance with
Government Accounting Standards Board Statement No. 5, it is
classified as a defined-benefit single-employer public employee
retirement system.
Volunteer firefighters of the City are members of the Associa-
tion and its pension plan. The plan's baseline benefit is
$450 per month after 20 years of service and attaining the age
50. There are additional benefits for service through 30 years
with a maximum of $675 per month. Vesting begins with 10 years
of service and benefits are pro-rated for members who have be-
tween 10 and 20 years of service. Members may choose to take a
lump sum settlement instead of the pension, equal to 35� of the
benefit they would otherwise qualify for. Spouse's, children's
and funeral benefits are also provided. These benefit provi-
sions and all other requirements are consistent with enabling
state statutes.
The City 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. Fundi�g Status ��g�ess
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 in-
creases, 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.
t
t
43-
r
Note 10: �Y].�.�n �n (continued)
The pension benefit obligation was determined as part of an
actuarial valuation at December 31, 1987• Significant actu-
arial assumptions used include (a) a rate of return on the
investment of present and future assets of 5 percent per year
compounded annually, and (b) no post retirement benefit
increases.
On December 31, 1987, the unf unded pension benefit obligation
was as follows:
Pension benefit obligation:
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits $1 ,247,677
Current Employees
Employer-financed vested 664,434
Employer-financed nonvested 43,574
Total ension benefit obligation 1, 955,685
P
Net assets available for benefits
at cost, market equals $1,904,114 1,946,62g
Unfunded pension benefit obligation 9 ,056
In 1988 the benefit levels were increased. The 1989 acturial
valuation will reflect the new benefit levels.
-44-
Note 10: P�nsion P� (continued)
C. ,����butio� �g,�ire� CQ��hution� Madg
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. The unfunded
actuarial accrued liability is to be funded by December 31,
1999 The minimum tax levy obligation is the financial require-
ment for the year less anticipated state aids. Any additional
payments by the City shall be used to amortize the unfunded
liability of the relief association. The funding strategy for
normal cost and the unfunded actuarial accrued liability should
provide sufficient resources ta pay plan benefits on a timely
basis.
Total contributions to the plan in 1988 amounted to $110,731, of
which $26,743 was levied by the City of Brooklyn Center and
$83,g88 was from the Sta�e of Minnesota. The contributed
amounts were actuarially determined as described above and
were based on an actuarial valuation as of December 31, 1987.
The contributions represent funding for normal cost of $59,759
and the amortization of the unfunded actuarial accrued liability
of $40,642.
Significant actuarial assumptions used to compute pension con-
tribution 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
1988 was based on the same actuarial assumptions, benefit pro-
vision, actuarial funding method, and other significant factors
used to determine pension contribution req uirements in previous
years.
D. ��ated ��X �vestments
During 1988 and as of December 31, 1988, the association held
no securities issued by the City or other related parties.
E Tr� .��r��
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, 1988. Two-year
trend information for the Association is as follows 1986 is not
available):
-45-
Note 10: Pensio� Plan (continued)
1988 1987
Available assets as a percentage
of pension benefit obligation 99� 99�
r Unfunded pension benefit obligation
as a percentage of covered payroll not* not�
Applicable Applicable
City's contribution�'* as a percentage
of covered payroll not* not*
Applicable Applicable
*The Brooklyn Center Fire Department is a volunteer organiza-
tion; thus, no covered payroll exists.
�*The City's contribution was made in accordance with actuar-
ially determined req uirements.
Note 11 I�dividua� ,��1 Dise�.osu�gs
Deficit fund balances exist in the following funds:
Capital Projects Funds:
Special Assement Construction:
Unreserved fund balance 755,181
This deficit will be funded when bonds for authorized pro-
jects are issued.
Enterprise Funds:
Golf Course:
Unreserved retained earnings 14,451
-46-
Note 12: ,j�terf� �eiv�� ��yables
Individual interfund receivable and payable balances
at December 31, 1988, were as follows:
Due From/To Other Funds:
Receiva,�� fund �,�pab� �moun.�
Economic Development Comm. Dev.
Authorit Block G rant $253 367
Y
Capital Projects Golf Course
$278,367
Interfund Loans From/To Other Funds:
Rece,�vabjg fund vah Amour�
P�.. 1� �ia1�
General Fund Econ. Dev. Auth. 72,834
Municipal State Aid
for Construction Econ. Dev. Auth 593,069
Special Assessment
Construction Fund Econ. Dev. Auth 2,139
Capital Projects Liquor Fund 261 ,810
Capital Projects Golf Course �a00
$2,029,852
Interfund Loan Terms:
The loans payable by the Economic Development Authority are interest
free and have no set repayment schedule.
The loan payable by the Liquor Fund is paying interest at the rate of
8.5� and is repaying the loan principal over a period extending
through the year 2000.
The loan payable by the Golf Course is paying interest at the rate of
5� and is repaying the loan principal over a period extending
through the year 2011.
N o t e 13 S.4��.Y]� c i e s
There are several 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 finan-
cial statements of the City.
-47-
Note 14: �omnensatio� �lan
The City offers its employees a deferred compensation plan
created in accordance with Internal Revenue Code Section
457. The plan, available to all City employees, permits
them to defer a portion of their salary until future years.
The def erred compensation is not available to employees
until termination, retirement, death, or unforeseeable
emergency.
All amounts of compensation deferred under the plan, all
property and rights purchased with those amounts, and all
income attributable to those amounts, property, or rights
are (until paid or made available to the employee or other
beneficiary) solely the property and rights of the City
(without being restricted to the provisions of benefits
under the plan), subject only to the claims of the City's
general creditors. Participants' rights under the plan are
equal to those of general creditors of the City in an amount
equal to the fair market value of the deferred account far
each participant.
It is the opinion of the City's legal counsel that the City
has no liability for losses under the plan but does have
the duty of due care that would be required of an ordinary
prudent investor. The City believes it is unlikely that it
will use the assets to satisfy the claims of general credi-
tors in the future.
Effective January 1, 1 987, the City is reporting the ac-
tivity of this plan as an agency fund. There was no effect
on fund equities as a result of this change. Inasmunch as
the City has no other fiduciary funds, the activity during
the year is summarized as follows:
Balance Balance
January 1, December 31,
��itio�� D��uctio�� 1988
Other assets $1,163,921 $184,366 8,659 $1,339,b28
��BILI'�ES
Deferred compensation
Funds held for parti-
cipants. $1,163,921 $184,366 $__8,659 $1,339,628
-48-
Note 15: �ost_Emnloyment HP�� Care Benefj,ts
In addition to providing pension benefits, the government pro-
vides certain health care insurance benefits for city employees
who retire before age 65. Substantially all of the government's
employees may be eligible for those benefits from the time
they reach normal retirement age until they reach age 65 or
become eligible for medicare. The cost of retiree health care
insurance benefits is recognized as an expenditure as premiums
are paid. For 19$$, those costs total $4,674. This benefit was
initiated on April 1, 1986 and will expire on December 31 1990
unless it is re-enacted by the City Council.
Note 16: Fund C�anaes
The following funds were opened during 19$$:
Enterprise:
Golf Course
owin funds were closed durin 1 88:
The foll g g 9
Special Revenue:
Rev enue Sharing
LAWCON
Debt Service:
Improvement Bonds of 1969
Note 17: Subsea �ve�t
On May 8, 1989 the City Council, acting as the Economic De-
velopment Authority, entered into contracts totaling $4,562,
for the restoration of the Earle Brown Farm historical site
and its development as a convention center.
It is intended that the construction will be paid for from fund
balances and internal borrowing. The borrowing will be repaid
from future tax inerements.
-49-
City of Brooklyn Center, P�Zinnesota
GENERAL FUND
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 sha 1 1 provide for a Genera 1 Fund for the payment of
such e�xpenses 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, rents, 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.
i -50-
City of Brooklyn Center A-1
General Fund
BALANCE SHEET
December 31, 1988 and 1987
Totals
1988 1987
ASSETS
Cash and investments $5,843,038 $5,427,838
Temporary improvement notes 183,190 177,957
Accounts receivable 36,719 11,721
Taxes receivable 96,438 67,314
Due from other governments 26,323 31,495
Inventory of supplies 39,973 44,644
Prepaid expense 2,162 2,362
Interfund loan-E.D.A. 72,834
TOTAL ASSETS $6,300,677 $5,763,331
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable $261,465 $240,257
Accrued salaries payable 223,956 153,142
Accrued vacation and sick pay 68,392 65,298
Deferred revenue 89,329 56,865
Total Liabilities 643,142 515,562
Fund Balance
Reserved for: Inventories 39,973 44,644
Interfund loan 72,834
Unreserved fund balance 5,544,728 5,203,125
Total Fund Balance _5,657,535 _5,247,769
TOTAL LIABILITIES AND FUND BALANCE $6,300,677 $5,763,331
(See notes to financial statements)
-51-
City of Brooklyn Center A-2
General Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE BUDGET (GAAP BASIS) AND ACTUAL
Year Ended December 31, 1988
1988
Actual Over
or Under(-) 1987
Budget ____Actual ____Budget ____Actual
Revenues
Property taxes $3,422,403 $3,318,656 ($103,747� $2,541,016
Licenses and permits 333,200 329,783 (3,417_ 345,019
Intergovernmental 3,074,468 3,078,491 4,023 3,060,252
Charges for services 1,181,373 1,215,635 34,262 1,114,203
Court fines 270,000 243,952 (26,048) 269,903
Miscellaneous _333,885 ___363,918 ____30,033 ___310,613
Total Revenues 8,615,329 8,550,435 (64,894) 7,641,006
Expenditures
General government 1,995,406 1,768,607 226,799� 1,532,185
Public safety 2,839,117 2,716,205 122,912 2,604,773
Public works 1,864,131 1,768,918 (95,213 1,552,532
Community and health services 68,858 69,117 259 48,185
Parks and recreation 1,793,256 1,706,516 86,740 1,597,901
Economic Development 175,000 162,271 12,729
Non-Departmental 475,437 310,475 (164,962 313,860
Total Expenditures 9,211,205 8,502,109 (709,096) 7,649,436
Excess or Deficiency(-) of
Revenues Over Expenditures (595,876) 48,326 _644,202 _(8,430)
Other Financing Sources or Uses(-)
Operating transfers in 317,876 ___337,871 ____19,995 ___166,888
Total Other Financing
Sources or Uses(-) 317,876 __337,871 _19,995 166,888
Excess or Deficiency(-) of Revenues
and Other Financing Sources Over
Expenditures and Other Uses (278,000) 386,197 664,197 158,458
Fund Balance January 1 5,247,769 5,247,769 0 5,095,879
Decrease in Reserve for Inventory �4,671) (4,671) (6,568)
Equity Transfers ____28,000 _____8,240 _______240
Fund Balance December 31 $4,997,769 $5,657,535 $659,766 $5,247,769
(See notes to financial statements)
r _52_
S_ City of Brooklyn Center
General Fund (Continued next page)
SCHEDULE OF REVENUE AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1988
1988
Actual Over
or Under(-) 1987
____Budget ____Actual ____Budget ____Actual
Ad Valorem Taxes
Property taxes $3,204,403 $3,139,274 ($65,129` $2,529,752
Penalties and interest 35,000 8,522 26,478 11,264
Lodging tax 183,000 170,860 _12,140
Total Ad Valorem Taxes 3,422,403 3,318,656 (103,747) 2,541,016
Licenses and Permits
Liquor and beer 127,400 122,953 (4,447) 131,748
Building permits 95,000 95,758 758 100,490
Mechanical permits 21,000 23,331 2,331 21,497
Sewer and water permits 3,500 1,423 2,077� 2,649
Plumbing permits 9,500 8,327 1,173 7,208
Electrical permits 19,000 11,071 _7,929 16,102
Garbage licenses 1,900 1,905 5� 1,928
Taxicab licenses 900 1,175 275 915
Mechanical licenses 2,700 3,588 888 3,782
Food licenses 17,800 22,136 4,336 20,562
Service station licenses 1,600 1,375 (225) 1,722
Vehicle dealer licenses 900 925 25 950
Bowling licenses 700 735 35 700
Ci�arette licenses 900 920 20 925
Swimming pool licenses 2,600 2,805 205 2,805
Sign permits 2,000 2,239 239 3,622
Rental dwelling permits 14,000 15,150 1,150 13,565
Lodging establishments 1,000 1,135 135 805
Amusement licenses 4,000 5,670 1,670 5,737
Dog licenses 5,250 5,389 139 5,337
Miscellaneous business license 1,550 1,773 223 1,970
Total Licenses and Permits 333,200 329,783 (3,417) 345,019
-53-
S-1
City of Brooklyn Center
General Fund (Continued next page)
SCHEDULE OF REVENUE AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL
For the Year Ended December 31, 1988
1988
Actual Over
or Under(-) 1987
Budget Actual Budget Actual
Intergovernmental
Federal grants:
Miscellaneous grants 5,000 5,658 658 29,626
Total Federal Grants 5,000 5,658 658 29,626
State grants:
Local government aid $2,080,644 $2,080,644 $0 $2,080,670
Homestead credit aid 761,178 761,178 0 736,156
Police pension aid 135,000 125,953 (9,047) 121,234
Firemen pension aid 83,988 83,988 0 78,913
Police training 12,412 12,412
Miscellaneous grants 6,858 6,858 0 13,653
Total State Grants 3,067,668 3,071,033 _____3,365 3,030,626
Local grants:
Metro Council 1,800 1,800 0
Total Local Grants 1 800 1,800 0 0
Total Intergovernmental Rev. 3,074,468 3,078,491 4,023 3,060,252
Charges for Services
Inter-Fund charges Admin.:
Public Utility Fund 180,000 185,337 5,337 169,384
Liquor Fund 49,000 45,914 (3,086) 44,618
E.D.A. Fund 45,085 46,241 1,156 31,436
Engineering and clerical fees 120,000 209,765 89,765 88,673
General government charges 36,620 27,238 (9,382) 46,069
Public safety charges 3,500 13,617 10,117 12,239
Recreation fees 747,168 687,523 (59,645) 721,784
Total Charges for Services 1,181,373 1,215,635 34,262 1,114,203
Court Fines
F�nes 270,000 243,952 (26,048) 269,903
Total Court Fines 270,000 243,952 (26,048) ___269,903
I I -54-
S-1 City of Brooklyn Center
General Fund (Continued from
SCHEDULE OF REVENUE AND OTHER FINANCING SOURCES prior page)
BUDGET AND ACTUAL
For the Year Ended December 31, 1988
-----------------1988-----------------
Actual Over
or Under(-) 1987
____Budget ____Actual ____Budget ____Actual
Miscellaneous
Rent 14,000 12,000 (2,000) 14,620
Interest on investments 295,000 326,248 31,248 272,828
Sale of property 75 75 17,035
Other ____24,885 25,595 _______710 _____6,130
Total Miscellaneous 333,885 363,918 30,033 310,613
Total Revenue 8,615,329 8,550,435 ___(64,894) 7,641,006
Other Financing Sources
Operating transfers in:
Liquor Fund $90,000 $90,000 $0 $110,000
H.R.A. Fund 0 43,453
M.S.A. Fund 17,411 17,411 13,435
Capital Projects Fund 227,876 227,876 0
Community Development 2,584 2,584
Total Other Sources 317,876 337,871 19,995 166 888
Total Revenue and Other Sources $8,933,205 $8,888,306 __($44,899) $7,807,894
(See notes to financial statements)
-55-
City of Brooklyn Center S_2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS) (Continued
For the Year Ended December 31, 1988 next page)
1988
Actual Over
or Under(-) 1987
Budget Actual Budget Actual
General Government_
Mayor and Council:
Personal services $25,122 $18,412 ($6,710� $18,103
Services and other charges 106,079 ____82,275 ___(23,804 59,675
Total Mayor and Council 131,201 100,687 (30,514) 77,778
Charter Commission:
Services and other charges 1,500 597 (903) 702
Total Charter Commission 1,500 ______597 __(903) _______702
Administrative Office:
Personal services 305,994 293,748 12,246' 266,343
Services and other charges 34,150 18,216 �15,934 18,878
Capital outlay 2,431 2,406 (25, 706
Total Administrative Office 342,575 _314,370 (28,205) ___285,927
Elections and Voter Registration:
Personal services 35,406 30,168 (5,238) 16,157
Supplies 1,000 1,407 407
Services and other charges 2,400 3,230 830 724
Capital outlay 770 (7,382) (8,152) 69,031
Total Elections 39,576 _27,423 ___(12,153) ____85,912
Assessor's Office:
Personal services 170,050 150,881 (19,169� 149,583
Supplies 2,785 525 (2,260 2,168
Services and other charges 5,517 4,841 (676 4,076
Total Assessor's Office 178,352 156,247 (22,105) __155,827
Finance:
Personal services 280,803 269,479 (11,324) 248,274
Supplies 2,000 2,158 158
Services and other charges 1,500 1,898 398 3,199
Capital outlay 1,300 1,395 95 639
Total Finance ___285,603 ___274,930 (10,673) ___252,112
-56-
City of Brooklyn Center S-2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS) (Continued
For the Year Ended December 31, 1988 next page)
1988
Actual Over
or Under(-) 1987
Budget Actual Budget Actual
General Government_(continued)
Independent Audit:
Services and other charges $14,500 $14,500 $0 $8,710
Total Independent Audit 14,500 14,500 0 8,710
Legal:
Services and other charges 189,000 184,301 (4,699) 199,574
Total Legal 189,000 184,301 (4,699) 199,574
Government Buildings:
Personal services 211,166 169,656 (41,510) 179,571
Supplies 17,250 19,960 2,710 13,590
Services and other charges 172,523 177,812 5,289 126,734
Capital outlay 303,344 223,216 (80,128) 59,007
Total Government Buildings 704,283 590,644 (113,639) 378,902
Data Processing:
Supplies 3,000 2,910 �90)
Services and other charges 81,635 83,185 1, 50 73,140
Capital outlay 24,181 18,813 (5,368 13,601
Total Data Processing 108,816 104,908 (3,908) 86,741
Total General Government 1,995,406 1,768,607 (226,799) 1,532,185
Public Safety
Police Protection:
Personal services 1,918,560 1,849,558 (69,002 1,690,333
Supplies 40,120 31,409 8,711 26,326
Services and other charges 172,198 166,985 5,213 142,861
Capital outlay 83,210 76,036 _7,174 62,500
Total Police Protection 2,214,088 2,123,988 (90,100) 1,922,020
Fire Protection:
Personal services 246,511 240,081 (6,430 210,544
Supplies 17,300 16,403 (897 19,712
Services and other charges 30,205 27,984 �2,221 24,898
Capital outlay 14,550 12,877 _1,673, 149,198
Total Fire Protection 308,566 ___297,345 ___(11,221) ___404,352
-57-
City of Brooklyn Center S_2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS) (Continued
For the Year Ended December 31, 1988 next page)
1988
Actual Over
or Under(-) 1987
Budget _Actual ____Budget ____Actual
Public Safety (continued)
Protective Inspection:
Personal services $222,959 $210,926 ($12,033) $190,681
Supplies 1,000 1,122 122 1,322
Services and other charges 17,563 16,021 (1,542) 11,622
Capital outlay 725 738 13 4,582
Total Protective Inspection 242,247 ___228,807 ___(13,440) ___208,207
Emergency Preparedness:
Personal services 48,008 45,727 (2,281� 40,842
Supplies 1,057 285 (772 815
Services and other charges 7,970 4,467 (3,503 5,655
Capital outlay 3,000 2,859 (141,
Total Emergency Preparedness 60,035 ____53,338 ____(6,697) ____47,312
Animal Control:
Personal services 6,506 6,838 332 6,412
Supplies 500 269 (231
Services and other charges 7,175 5,620 (1,555 5,976
Capital outlay 0� 10,494
Total Animal Control 14,181 12,727 (1,454) 22,882
Total Public Safety 2,839,117 2,716,205 (122,912) 2,604,773
Public Works
Engineering Department:
Personal services 384,750 365,006 (19,744 325,371
Supplies 5,100 3,718 (1,382� 4,580
Services and other charges 10,120 13,893 3,773 18,392
Capital outlay 14,200 _____9,894 ____(4,306)
Total Engineering 414,170 392,511 (21,659) 348,343
Street Department:
Personal services 482,598 452,257 (30,341� 429,600
Supplies 106,600 97,651 (8,949 98,660
Services and other charges 155,250 155,487 237� 104,662
Capital outlay 158,400 149,350 __(9,050) _95,594
Total Street 902,848 854,745 (48,103) 728,516
�i -s8-
City of Brooklyn Center S-2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS) (Continued
For the Year Ended December 31, 1988 next page)
1988
Actual Over
or Under(-) 1987
Budget Actual Budget Actual
Public Works (continued)
Maintenance Shop:
Personal services $141,913 $132,730 ($9,183 $127,687
Supplies 171,600 165,115 (6,485; 134,623
Services and other charges 60,900 71,292 10,392 63,686
Capital outlay 800 895 95 2,761
Total Maintenance Shop 375,213 370,032 (5,181) 328,757
Traffic Signals and Lights:
Personal services 0 738
Supplies 900 26 (874 204
Services and other charges 171,000 ___151,604 ___(19,396_ ___145,974
Total Traffic Signals 171,900 151,630 (20,270) 146,916
Total Public Works 1,864,131 1,768,918 ___(95,213) 1,552,532
Community Health Services
Health Regulation:
Services and other charges 68,858 69,117 259 48,185
Total Health Inspection ____68,858 ____69,117 _______259 ____48,185
Total Community Health 68,858 69,117 259 48,185
Parks and Recreation
Administration:
Personal services 224,464 204,138 (20,326) 161,647
Supplies 6,200 6,923 723 5,090
Services and other charges 30,400 32,335 1,935 20,599
Capital outlay 7,000 6,659 (341)
Total Administration 268,064 250,055 (18,009) 181,336
Adult Programs:
Personal services 55 594 69 895 14 301 71 061
Supplies 49 735 56 318 6 583 42 235
Services and other charges 189,901 156,697 (33,204 181,710
Ca ital outla 500 107 393 200
P Y
Total Adult Programs 295,130 283,017 (12,713) 295,206
-59-
City of Brooklyn Center S_2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS) (Continued
For the Year Ended December 31, 1988 next page)
1988
Actual Over
or Under(-) 1987
Budget Actual Budget Actual
Parks and Recreation (continued)
Teen Programs:
Personal services $8,506 $7,414 ($1,092� $3,609
Supplies 575 480 (95 431
Services and other charges 3,300 2,521 (779 1,150
Capital outlay 650 650 0� 595
Total Teen Programs 13,031 11,065 (1,966) 5,785
Children's Programs:
Personal services 49,163 49,519 356 41,661
Supplies 10,150 8,730 1,420) 8,247
Services and other charges 11,675 8,542 _3,133) 10,999
Total Children's Programs 70,988 66,791 (4,197) 60,907
General Programs:
Personal services 30,633 31,086 453 23,041
Supplies 1,275 1,879 604 7,275
Services and other charges 53,758 43,667 (10,091� 42,687
Capital outlay 300 261 (39 898
Total General Programs 85 966 76,893 (9,073) 73,901
Community Center:
Personal services 233,069 280,331 47,262 258,224
Supplies 40,050 45,939 5,889 46,357
Services and other charges 137,502 135,877 (1,625) 131,491
Capital outlay 103,908 35,596 (68,312) 53,007
Total Community Center 514,529 497,743 (16,786) 489,079
Park Maintenance:
Personal services 331,143 302,400 (28,743) 287,662
Supplies 58,600 78,156 19,556 40,263
Services and other charges 93,900 87,820 6,080 76,743
Capital outlay 61,305 52,576 _8,729_ 81,019
Total Maintenance 544,948 520,952 (23,996) 485,687
Total Parks and Recreation 1,793,256 1,706,516 (86,740) 1,597,901
-60-
i
S_2
City of Brooklyn Center
General Fund (Continued from
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS) prior page)
For the Year Ended December 31, 1988
1988
Actual Over
or Under(-) 1987
Budget Actual Budget Actual
Economic Development
Convention Bureau
Services and other charges __$175,000 __$162,271 ($12,729)
Total Economic Development 175,000 162,271 (12,729) 0
Non_Departmental
Expenditures not Charged to
Departments:
Personal services 179,902 161,274 (18,628 129,805
Supplies 19,000 16,404 (2,596 17,501
Services and other charges 272,795 131,242 (141,553 141,448
Capital outlay _____3,740 ____1,555 ____(2,185_ ____25,106
Total Non-Departmental 475,437 310,475 (164,962) 313,860
Total Expenditures $9,211,205 $8,502,109 _($709,096) $7,649,436
(See notes to financial statements)
-61-
I
City of Brooklyn Center, Minnesota
S��CIAL REVENUE FUNp�
The Special Revenue Funds are establ ished 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 funetions 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 aecount-
ing period in which the related liability is incurred.
�corlomic pgyg�o��nent Autk��'�ty Fund: This Fund was establ ished to
account for the Economic Development Authority (EDA) of Brooklyn
Center.
��Si�r�� ��y�r��� �har��.g This Fund was establ ished to account
for funds received under the "State and Local Fiseal Assistance Act of
1972" as amended in 1976.
P��.��� �g���, oyg e� Rg��r����� T h i s F u n d w a s o r i g i n a 1 1 y
established to account for the central collection of employer and
employees' share to pay employee pension contributions under various
pension programs. Pension contributions are now processed through
each individual Fund.
Diseased Tree Remoy�� Fund: This Fund was established to account for
the collection of resources and expenditure of these resources for
diseased tree control.
�MR Lawcon Fund: This Fund was established to account for land
and water conservation funds received from federal and state grants.
Transfers are made from this Fund to the Capital Projects Fund where
accounting for project costs takes place.
Co�munity �gy��4,Pment B.�ock Grant Fund: The Fund was established to
account for funds received under Titl e I of the Housing and Community
Development Act of 197�. Transfers are made from this Fund to the
Capital Projects Fund where accounting for project costs takes place.
-62-
City of Brooklyn Center B-1
Special Revenue Funds
COMBINING BALANCE SHEET
Year Ended December 31, 1988
Economic Public Diseased Community
Development Employees Tree Development
Authority Retirement Removal Block Grant 1988 1987
ASSETS
Cash and investments $2,868,370 $746,946 $7,606 $13,482 $3,636,404 $3,309,929
Temporary improvement notes 89,686 22,476 112,162 104,126
Accounts receivable 145 2,983 3,128 1,835
Delinquent taxes 1,560 1,560 969
0 2 18 374
16 002 16 0
Deferred s ecial assessments
P
Delinquent special assessments 2,147 2,147 1,398
Due from other funds 253,367 253,367 70,734
Due from other governments 253,367 253,367 76,133
TOTAL ASSETS $3,213,128 $769,422 $28,738 $266,849 $4,278,137 $3,583,498
W LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable $70,059 $70,059 $14,577
Due to other funds $253,367 253,367 70,734
Deferred revenue 1,560 $18,149 19,709 20,741
Advances from other funds 668,042 668,042
Total Liabilities 739,661 18,149 253,367 1,011,177 106,052
Fund Balances
Unreserved 2,473,467 $769,422 10,589 13,482 3,266,960 3,477,446
Total Fund Balances 2,473,467 769,422 10,589 13,482 3,266,960 3,477,446
TOTAL LIABILITIES AND FUND BALANCES $3,213,128 $769,422 $28,738 $266,849 $4,278,137 $3,583,498
(See notes to financial statementsj
City of Brooklyn Center B-2
Special Reve�ue Funds
COMBINING STAtEMENT OF REVENUES, El(VENDI7URES, AND CHANGES IN PUND BALANCES BUDGET AND ACTUAL (Contirwed next pege)
Year Ended Deeember 31, 1988
Economic Developnent Authority Federol Reverxx Shering
Over Over
Urxler( Utider(
Reverwes Budget Actual Budget Budget Actuat Budget
Property taxes f974,369 f986,637 514,268
lntergovernnental:
Federal grants
State grants 15,000 14,657 <343)
Total Intergovernmental 15,000 14,657 <343)
Charpes for serviee�:
fees
Admi�istrotive
Total Charges for Services
Miscellaneous:
Investment eerninga 224,000 206,298 (17,702) f1,558 f1,798 f240
Other 32,687 32,488 1
I Totel Miscettaneous 256,487 238,786 (17,701) 1,558 1,798 240
Total Revenues 1,245,856 1,242,080 (3,776) 1,558 1,T98 260
Expenditures
Perso�al serviees 0
Services end other eharges 750,046 670,971 (79,075)
Totel Expenditures 750,046 670,971 <79,075)
I
Excess or Defieit(-) of Reverwes Over Experditures 495,810 571,109 75,299 1,558 1,798 240
Other Finenetnp Sourees or Uees(-)
Operating transfers in 378,565 310,190 (68,375)
operating transfers out (431,710> (1,026,918) (595,208>
Total Other Pinaneing Sources of Uses(-) (53,145> <716,728) (663,583)
I
Exeess or Defieit(-) of Revenues and Sources Over
Expenditures and Other Uses 462,665 (145,619) (588,284) 1,558 1,798 240
Fund Balances Jarwery 1 2,619,086 2,619,086 0 26,442 26,442 0
Equity Transfers Out (28,000) (28,240) (240)
Fund Balances December 31 f3,061,751 52,473,467 (f588,284) f0 f0 f0
z�"::-----
(See notes to finencial statements)
City of Brooklyn Center B-2
Special Revenue Ftaids
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (Continued next page)
Por The Year Ended December 31, 1988
Public Employees Retirement Fund Diseased Tree Removel Fund LCMR and Laucon Furd
Over Over Over
Under(-) Under(-) Urder(-)
Budget Aetual Budget Budget Actual Budget Budget Actual Budget
Revenues
Vroperty taxes
I ntergoverrnienta l
Federal grants
State grants
Total intergovernmental
Charges for services:
Fees E49,000 E48,877 (E123)
Administrative 4,500 4,700 200
Total Charges for Services 53,500 53,577 77
Miscellaneous:
Investment eerni�gs t59,000 E58,190 (E810) 0 f7,000 f6,537 (E463)
Other 0 10,500 10,211 t289) 0
Total Miseelteneous 59,000 58,190 (810) 10,500 10,211 (289) 7,000 6,537 (463)
lr'
Total Revenues 59,000 58,190 (810) 64,000 63,788 (212) 7,000 6,537 (463)
Expenditures
Personal services 5,000 4,674
Services and other eharges 60,000 59,130 (870)
Total Expenditures 5,000 4,674 0 60,000 59,130 (870)
Exeess or Defieieney of Revenuee Over Expenditures 54,000 53,516 (810) 4,000 4,658 658 7,000 6,537 (463) I
Other Ftneneing Sourees or Uses(-)
Operating tranafers in
Operating transfers out
Total Other Financing Sourees or Uses(-S I
Exeess or Oeficiency of Revenues and Sources Over
Expenditures and Other Uses 54.U00 53,516 (810) 4,000 4,658 658 7,000 6,537 (463)
Furid ealanees January 1 715,906 715,906 0 5,931 5,931 0 97,899 97,899 0
Equity Transfers Out (104,899) (104,436) 463
Fund Balances December 31 f769,906 E769,422 (E810) E9,931 510,589 E658 EO EO EO
(See notes to financial statements)
I
City of Brooklyn Center B-2
Special Revenue Funds
COMBINING STATEMENT OF REVENUES, EXPENOITURES, ANO CNANGES IN FUND BALANCES BUDGET ANO ACTUAL (Continued from prior pege)
Year Ended December 31, 1988
Cam�unity Development Block Grant fund Totals
Over Over
Under(-) 1988 1988 Under(-) 1987
Budget Actuat Budget Budget Actual Budget Actual
Revenues-------._.
Property taxea f976,369 5988,637 f14,268 f429,400
I nt ergoverrnienta l
Federel grants f312,700 E312,774 E74 312,700 312,774 74 125,869
State grants 15,000 14,657 (343) 15,365
Total lntergovernmentat 312,700 312,774 74 327,700 327,431 (269) 141,234
tharges for serviees:
Fees 49,000 48,877 (123> 35,357
Administrative 4,500 4,700 200 1,683
Total Charges for Services 53,500 53,577 77 37,040
Miseellaneous:
Irnestment earnings 1,300 1,300 0 292,858 274,123 (18,735) 281,466
Other 0 62,987 42,699 (288) 75,550
I
Totel Miscellaneous 1,300 1,300 0 335,845 316,822 (19,023> 357,016
I
Toe�l Reverxies 314,000 314,074 74 1,691,416 1,686,467 (4,947) 964,690
Experxli turea
Personal serviees 5,000 4,674 (326) 6.752
Services and other ehsrpes 810.046 TS0,101 <79.945) 664,233
Total Expenditures 815,046 734,775 (80,271) 670,985
Excess or Defieieney of Reverwes Over Expenditures 314,000 314,074 74 876,368 951,692 75,324 293,705
Other Finanein9 Sourees or Uses(-)
Operating transfers i� 0 378,565 310,190 (68,375) 91,141
operating transfers out (314,000) (312,774) 1,226 (745,710) (1,339,692) (593,982) (563,167)
Totat Other Finaneing Sources of Uses(-) (314,000) (312,774) 1,226 (36T,145) (1,029,502) (662,357) (472,026)
Excess or Deficiency of Revernms arxl Sources Ove�
Expenditures and Other Uses 0 1,300 1,300 509,223 (77,810> (587,033) (178,321)
Fund Balances January 7 12,182 12,182 0 3,477,446 3,477,446 0 3,659,986
Equity Transfers Out (132,899) (132,676) 223 (4,219)
Furxl ealanees December 31 E12,182 f13,482 51,300 f3,853,770 f3,266,960 (f586,810) f3,477,446
(See notes to financiel statements)
City of Brooklyn Center, Minnesota
DEBT S�RVIC� FUN�
The Debt Serv ice Funds were establ ished 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 accounting.
Revenues are recognized in the accounting period in which they become
available and measurable. Expenditures are recognized in the account-
ing period in which the related liability is incurred, except for
principal and interest which are recognized when due.
The City's Debt Service funds included in this section are:
�Cener�� Q����atiQn State �j,� S�eet Bonds Debt 8eryice: This Fund was
established to account for the accumulation of resources, including a
combination of state aid allotments and special assessments, for
payment of principal and interest on bonds issued in 1970 to finance a
comprehensive improvement and upgrading of those arterial streets
qualifying as state aid routes.
14524 B�a��si�.�g �.�.�r4������ _sgr���� �_u�� Th i s Fu n d w a s
established to account for the accumulation of resources for payment
of principal and interest on general obl igation bonds authorized by
the electorate in 1968 to finance construction of the Civic Center,
Municipal Service Garage, East Fire Station, and the development of
existing parks.
BQ r�.�� 4� 14$Q Dg�� S�ry�,�� ��a�� T h i s F u n d w a s e s t a b 1 i s h e d t o
account for the accumulation of resources for payment of principal and
interest on general obligation bonds authorized by the electorate in
1980 to finance the improvement and eqipping of parks, parklands and
related public recreational facilities. These improvements include
neighborhood parks, Central Park, Palmer Nature Center, Shingle Creek
Trailway and the Arboretum.
G��g� a� ,Q�].�g a�.�4 n�.�X I n c�� m��� BQ r��� Q� 1Q8 3� F��� T h i s F u n d w a s
established to account for the accumulation of resources for payment
of principal and interest on general obl igation bonds issued in 1 983
to finance purchase of land and installation of utilities for housing
for the elderly.
��.��r a� ��],�g a�.�4� I r��rg�7g37� B4��� 4� 14$� F�L�� T h i s Fu n d w a s
established to account for the accumulation of resources for payment
of principal and interest on general obl igation bonds issued in 1 985
to finance the purchase and redevelopment of the historic Earle Brown
Farm in Brooklyn Center.
-67-
pebt S�,�vie� �unds continued
Imoroy ement Bond Fun,�: These funds were established to account for
the collection of special assessments for the payment of principal and
interest on general obligation bonds. The bonds were sold periodical-
ly to finance improvements deemed to benefit the properties against
which the assessments are 1 ev ied.
Refundin� Bonds 1987 Fun�: This fund was established to account
for the collection of special assessments for the payment of prin-
cipal and interest on general obligation bonds. The bonds were sold
during 1987 to refund Improvement Bonds of 1982.
-68-
City of Brooklyn Center C-1
Debt Service Funds
COPI6INING BALANCE SHEET
December 31, 1988
1969 Bldg Park Tax Incre- Tax Incre- improvement Improvement Refunding Totals
Improvement Bonds ment eonds ment Bonds Bonds of eonds of Bonds of
Bonds of 1980 of 1983 of 1985 1970 1976 1987 1988 1987
ASSETS
Cash and investments 5497,171 5238,648 5546,368 5420,827 $664,082 5490,655 $657,695 53,515,446 $3,199,786
Temporary improvement notes 15,589 17,132 13,195 20,822 15,384 20,622 102,744 80,760
Accounts receivable 0 82,768
Taxes receivable 3,648 3,875 7,523 4,769
Special assessments receivable:
Deferred 6,283 72,345 1,320,158 1,398,786 1,644,448
Delinquent 5,341 3,028 36,180 44,549 37,881
TOTAL ASSETS 5516,408 5242,523 5563,500 5434,022 5696,528 5581,412 52,034,655 $5,069,048 $5,050,412
I I
rn
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 5987 5987 $3,017 I
Deferred revenue 53,648 53,875 511,624 $75,373 51,356,338 1,450,858 1,687,098
Total Liabilities 3,648 3,875 987 11,624 75,373 1,356,338 1,451,845` 1,690,115
I I
Fund Balance
Reserved 512,760 238,648 562,513 5434,022 684,904 506,039 678,317 3,617,203 3,360,297
Total Fund Balances 512,760 238,648 562,513 434,022 684,904 506,039 678,317 3,617,203 3,360,297
TOTAL LIABILITIES AND fUND BALANCES 5516,408 5242,523 5563,500 5434,022 5696,528 $581,412 52,034,655 E5,069,048 55,050,412
(See notes to financial statements)
City of Brooklyn Center C-2
Debt Service Funds
COMBINING STATEMENT Of REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
Year Ended December 31, 1988
State Aid 1969 Bldg 8 Park Tax Incre- Tax Incre- Improvement
Street Improvement Bonds ment Bonds ment Bonds Bonds of
Bonds Bonds _of of 1983 _of_7985
Revenues
Property taxes 5140,975 8151,656 5762,496
Special assessments 513,557
Intergovenmental revenue:
State grant Homestead credit 34,166 36,766 20,700
Investment earnings 40,429 10,022 33,996 522,822 70,801
Other
Total Revenues 275,570 198,444 217,192 22,822 24,352
Expenditures
Principal 560,000 750,000 90,000 60,000 20,000
Interest 14,160 19,500 86,020 67,963 470,725 1,300
Fiscal agent fees 229 145 235 987 474 106
Other 293
Total Expenditures 74,389 169,645 176,255 128,950 411,199 21,699
Excess or Deficiency of Revenues
Over Ex nditures (74,389) 22,189 ____88,242 (388,377) 2,653
Other Financing Sources or Uses(-)
Sale of bonds
Operating transfers in 74,389 431,710
Payment to escrou agent
Total Other Financing Sources
or Uses(-) ___431,710
Excess or Deficiency of Revenues and
Other Sources over Expenditures 45,925 22,189 88,242 43,333 2,653
Fund Balances January 1 0 466,835 216,459 474,271 390,689 130,870
Equity Transfers In/Out(-) (133 523)
Fund Balances December 31 SO 5512,760 5238,648 5562,513 5434,022 SO
(See notes to financiat statements)
-70-
City of Brooklyn Center C-2
Debt Service Funds
COMBINING STATEMENT OF REVENUES, EXPEND[TURES, AND CHANGES IN FUND BALANCES
Year Ended December 31, 1988
Improvement Improvement Refunding Totals
BorxJs of Bonds of BorxJs of
1970 1976 1987 1988 1987
Revenues
Property taxes S455,127 5425,765
Special assessments 58,388 553,268 5348,338 423,545 491,415
Intergoverwnental revenue:
State grant Homestead credit 91,632 97,381
Investment earnings 52,861 35,931 34,422 241,284 336,866
Other 3,017 3,017 4,467
Total Revenues ____61,249 ____89,199 ___385,777 1,214,605 1,355,894
Expenditures
Principal 20,000 60,000 780,000 640,000 7,304,925
Interest 2,700 11,070 69,123 682,561 930,252
Fiscal agent fees 359 31 567 3,133 31,377
Other 725 347 3,216 4,581 56,296
Total Expenditures 23,784 71,448 252,906 1,330,275 2,322,850
Excess or Deficiency of Revenues
Over Ex nditures 37,465 17,751 132,871 (115,670) (966,956)
Other Financing Sources or Uses(�)
Sale of bonds 0 1,200,000
Operating transfers in 506,099 405,255
Payment to escrow agent (1,770,075)
Total Other Financing Sources
or Uses(-) 506,099 ___435,180
Excess or Deficiency of Revenues and
Other Sources over Expenditures 37,465 17,751 132,871 _390,429 (531,776)
Fund Balances January 1 647,439 488,288 545,446 3,360,297 5,411,061
Equity Transfers In/Out(-) (133,523) (1,518,988)
Furx! Balances December 31 5684,904 5506,039 5678,317 53,617,203 53,360,297
(See notes to financial statements)
-71-
Cit B
y of rooklyn Center, Minnesota
CAPI'��L .�ROJ�C,�� FUN1�S
The Capital Projects Funds are established to account for all resourc-
es used for the construction or acquisition of capital facilities by
the City except those financed by Enterprise Funds.
This fund type util izes 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 account-
ing period in which the rel ated 1 iabil ity is incurred.
The City's Capital Projects Funds included in this section are:
C�,oita,� ImnrQyeme�,t� F�.�; This Fund was establ ished in 1 g68 to pro-
vi�e 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.
I Mun� State Aid �or Con�t�ructio� F��d; This Fund was establ ished
to account for the state allotment of gasoline tax collections used
I for transportation related construction projects.
S��i�� �sessmer�t Co.pst�ruction Fund: This Fund was established to
account for the resources and expenditures required for the acquisi-
tion and construction of capital facilities or improvements financed
wholly or in part by special assessments levied against benefited
properties.
-72-
City of Brooklyn Center D-1
Capital Projects Funds
COMBINING BALANCE SHEET
December 31, 1988
Municipal Special
Capital State Aid Assessment
Improvements for Construction
Fund Construction Fund 1988 1987
ASSETS
Cash and investments 53,385,935 53,456,441 5109,891 $6,952,26Z 56,652,743
Temporary improvement notes 106,167 108,378 214,545 200,033
Accounts receivable 4,540 4,540 7,570
Special assessments:
Deferred 6,875 754,936 761,811 422,638
Delinquent 7,104 6,298 13,402 8,03T
Due from other funds 25,000 25,000
Due from other goverriments 1,641 1,464,726 1,466,367 1,612,884
Interfund loans:
Municipal liquor 261,810 261,810 274,419
Golf course 1,100,000 1,100,000
Economic development authority 593,069 2,139 595,208
TOTAL ASSETS 54 55 5873_264 S11_394 59,178,324
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable 52,204 5381 55,462 58,047 E60,126
Temporary improvement notes 859,610 859,610 679,228
Deferred revenue 13,979 761,234 775,213 430,675
Total liabilities 16,183 387 1,626,306 1,642,870 1,170,029
Fund Balances
Reserved:
Unexpended appropriations 28,205 28,205 49,809
State approved projects 2,205,510 2,205,510 2,022,872
Advances to other funds 1,361,810 593,069 2,139 1,957,018
Unreserved 3,492,874 2,823,654 (755,181> 5,567,347 5,935,614
Total Fund Balances 4,882,889 5,622,233 (753,042) 9,752,080 8,008,295
TOTAL LIABILITIES AND FUND BALANCES $4,899,072 55,622,614 $873,264 511,394,950 $9,178,324
(See notes to financial statements)
-73-
City of Brooklyn Center D�2
Capitat Projects Fund
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31, 1988
Municipal Speciat
Capital State Aid Assessment Totals
Irtq�rovements for Construction
Fund Construction
Revenues
Special assessments 52,548 5152,677 5155,225 586,004
I ntergoverrxnenta l
State grants E612,819 612,819 555,636
Investment earnings 334,547 246,363 25,065 605,975 497,398
Sale of land 188,130
Reimtwrsement of prior year�s
construction expenditures 1,100,000 1,100,000
Other 72,440
Total Revenues 1,437,095 861,026 250,182 2,548,303 1,330,968
Expenditures
Other services 338 43,075 43,413 41,418
Capital outlays 1,115,293 1,274,595 1,898,210
7otal Expenditures 102,407 57,233 1,158,368 1,318,008 1,939,628
1
Excess or Deficiency of Revenues
Over Expenditures 1,334,688 803,793 (908,186) 1,230,295 (608,660)
Other Financing Sources of Uses(-)
Operating transfers in 897,976 596,770 1,494,746 376,453
Operating transfers out (227,876) (686,431) (304,907) (1,219,214) (366,570)
Total Other Financing Sources or Uses(-) (227,876) ___211,545 275,532 9,883
Excess or Deficiency of Revenues and Other
Sources Over Expenditures and Other Uses 1,106,812 1,015,338 (616,323) 1,505,827 (598,777)
fund Balance January 1 3,538,118 4,606,895 (136,719) 8,008,294 7,083,864
Equity Transfers In 237,959 237,959 1,523,207
Fund Balance December 31 S4_882_889 S5_622_233 _(5753 59 S8_008-294
(See notes to financial statements)
-74-
City of Brooklyn Center S-3
Capital Improvements Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1988
Project Overexpended(-)
1988 to Date Unexpended
Type of Project Appropriations Expenditures Expenditures Appropriations
u Centerbrook Improvements $26,900 $10,230 $10,230 $16,670
Centerbrook Golf course 1,786,409 55,139 1,786,409 0
Replat I-94 property 33,000 19,065 19,065 13,935
Flood plain acquisition 894 894 894 0
Community Center improvements 363,045 16,741 372,873 (9,828)
$2,210,248 $102,069 $2,189,471 $20,777
(See notes to financial statements)
I
i r r
i A r
City of -Brooklyn Center S-4
Municipal State Aid Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1988
Project Overexpended(-)
1988 to Date Unexpended
Project Number Appropriation Expenditures Expenditures Appropriations
Street impr. 69th Ave 87-08 $60,000 $43,293 $59,435 $565
rn Camden Ave sidewalk 87-10 53,234 4,121 41,580 11,654
Miscellaneous sidewalks 88-14 8,550 9,438 9,438 (888)
Humbolt Ave sidewalks 88-17 3,962 3,962
North Lilac Dr Trailway 88-19 3,900 3,900
Signal at S.C.P. Freeway 88-25 7,250 381 381 6,869
Totals $136,896 $57,233 $110,834 $26,062
(See notes to financial statements)
City of Brooklyn Center S-5
Special Assessment Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1988
Project Overexpended(-)
Project 1988 to Date Unexpended
Type of Project Number Apropriations Expenditures Expenditures Appropriations
Street impr. 69 70th Ave 86-10 $365,109 $5,969 $275,665 $89,444
Halifax storm sewer 87-22 22,359 20,027 22,650 (291)
Logan Ave reconstruction 88-04 533,455 512,581 512,581 20,874
France Ave reconstruction 88-05 293,666 279,213 280,213 13,453
Lakebreeze Ave reconstruction 88-06 194,142 186,723 186,723 7,419
50th Ave reconstruction 88-07 112,725 109,788 109,788 2,937
West River Road 66th to 73rd 88-18 59 59 (59)
Brookdale Square Signal 88-24 933 933 (933)
$1,521,456 $1,115,293 $1,388,612 $132,844
(See notes to financial statements)
r i S e
City of Brooklyn Center, Minnesota
�NTER,�RIS� FUN�
The Enterprise Funds were established to account for fehe financing of
self-supporting activities of the City which render services on a user
eharge basis to the general public.
Revenues and expenses in these Funds are recognized on the accrual
basis of accounting. Revenues are recogniz�d 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:
�unicig�� �auor �i�: This Fund was established to account for the
operations of the City's three municipal off-sale liquor stores.
�p��� ���it�g� Fund: This Fund was established to account for the
operations of the City owned water and sanitary sewer systems.
Course Fund: This fund was established to account for operations
of the City owned golf course.
w
-7s-
City of Brooklyn Center
Enterprise Funds
COMBINING BALANCE SHEET
December 31, 7988
Municipal Public Golf Totals
Liquor Utilities Course
Furx1 Furxl Fund 1988 1987
ASSETS
Current Assets
Cash and investments 5158,578 E3,824,452 E11,539 53,994,569 53,621,211
Tertiporary improvement notes 246,969 246,969 116,352
Accounts receivable net 5,692 115,060 120,752 105,227
Accrued revenue 223,968 223,968 217,826
Assessments receivable:
Deferred 93,599 93,599 111,224
Delinquent 3,341 3,347 3,209
Due from other goverrnients 159,918 159,978 227,343
Inventories 246,232 10,556 4,948 261,736 269,738
Prepaid expenses 19,846 90,705 110,551 113,296
Total Current Assets 430,348 _4,768,568 ____16,487 _5,215,403 _4,785,426
Restricted Assets
Temporary investments 4,000,000 4,000,000 4,000,000
Debt retirement investments 127,020 127,020 128,775
Total Restricted Assets 4,127,020 4,127,020 4,128,775
Fixed Assets
Mains and lines 72,538,561 12,538,561 12,538,561
Structures 216,547 3,696,673 306,021 4,219,241 3,768,352
Equipment 161,844 394,316 93,676 649,836 510,758
Land 100,878 25,378 1,390,402 1,516,598 125,694
Land improvements 5,898 15,495 27,393 5,898
Leasehold improvements 39,670 39,670 39,670
524,837 16,654,868 1,805,594 18,985,299 76,988,933
Less: Allowance for
depreciation 162,214 4,775,335 20,449 4,957,998 4,669,742
Total Fixed Assets 11,879,533 1,785,145 14,027,301 12,319,791
TOTALS 5792,971 520,775,121 E1,801,632 523,369,724 521,233,992
(See notes to financial statements)
-79-
F1
Municipal Public Golf Totals
Liquor Utiiities Course
Fund Fund fund 1988 1987
LIABILITIES, CONTRIBUTIONS
AND RETAINED EARNINGS
Curre�t Liabilities
Accounts payable 5143,873 5145,793 51,756 5291,422 5116,992
Due to other funds 25,000 25,000
Accrued salaries payable 8,938 9,911 1,468 20,317 75,544
Accrued vacation and
sick pay 10,020 76,681 1,450 28,151 21,349
Current portion of
long-term debt 13,723 45,000 58,723 57,609
Total Current Liabilities 176,554 217,385 29,674 ___271,494
Long-Term Liabilities
Construction loan 248,087 7,700,000 1,348,087 261,810
Revenue bonds 135,000 135,000 180,000
Total Long-term Liabilities __248,087 135,000 1,100,000 7,483,087 441,810
Fund Equity
Contributions 10,616,086 686,409 11,302,495 10,616,086
Retained earnings:
Reserved:
Debt retirement 127,020 727,020 128,775
Restricted assessments 96,940 96,940 171,224
Plant expansion 4,000,000 4,000,000 4,000,000
Working capital 620,000 620,000 620,000
Unreserved _368,330 4,962,690 5,316,569 5,704,603
Total Retained Earnings 368,330 9,806,650 (14,451) 10,160,529 9,964,602
Total Pund Equity 368,330 20,422,736 671,958 21,463,024 20,580,688
TOTALS 5792,977 820_775,121 S1_801,632 S23_369,724 S21_233,992
(See notes to financial statements)
-80-
City of Brooklyn Center F-Z
Enterprise Funds
COMBINING STATEMENT Of REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1988
Municipal Public Golf Totals
liquor Utilities Course
Fund f�xid Fund 1988 1987
Operating Revenues
Sales and user fees 52,583,594 51,899,586 5206,964 54,690,144 54,180�583
Cost of sales 1,977,728 23,126 2,000,854 1,930,254
Gross Margin 605,866 1,899,586 183,838 2,689,290 2,250,329
Operating Expenses
Personal services 246,975 309,929 81,217 638,721 499,670
Supplies 9,829 142,467 17,565 169,855 126,857
Other services 92,672 1,241,574 13,917 1,348,103 1,065,024
Insurance 35,758 11,056 3,953 50,767 37,918
Utilities 32,946 157,271 8,230 198,447 160,085
Rent 27,507 185,337 212,844 207,920
Depreciation 11,392 327,751 20,449 359,592 257,465
Total Operating Expenses 457,079 2,375,319 2,9T7,729 2,354,939
Operating lncome 148,787 (475,733) 38,507 (288,439) (104,610)
Nonoperating Revenues or Expenses(�)
Investment earnings 9,084 628,015 7,919 639,018 636,183
Special assessments 12,936 72,936 39,389
Other revenue or expense(-) 708 8,312 123 9,143 8,232
Interest and fiscal
agent fees (22,842) (8,889) (55,000) (86,73 U (34,652)
Nonoperating Totals (13,050) 640,374 ___(52,958) 574,366
Income Before Operating
Transfers 164,647 ___285,927 ___544,542
Operating Transfers Out(-) (90,000> ___(90,000) (710,000)
Net Income 45,737 164,641 (14,451) 195,927 434,542
Retained Earnings danuary 1 322,593 9,642,009 0 9,964,602 9,530,060
Retained Earnings December 31 5368_330 59,806,650 (514 451) 510,160,529 E9,964,602
(See notes to financial statements)
-81-
City of Brooklyn Center F-3
Enterprise Funds
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1988
Municipal Public Golf Totals
Liquor Utilities Course
Fund Fund_ Fund___ 7987
Sources of Financial Resources
Operations:
Net income for year 545,737 5164,641 (514,451) E795,927 5434,542
Add: Items not requiring
current outlay-
depreciation 11,392 327,751 20,449 359,592 257,465
Total Resources Provided
By Operations 57,129 492,392 5,998 555,519 692,007
Contributions touard
construction 1,786,409 1,786,409 19,106
Decrease in restricted assets 1,T55 18,090
Total Sources 57,129 494,147 1,792,407 2,343,683 729,203
Uses of Pinancial Resources
Purchase of properties 37,922 223,586 7,805,594 2,067,102 655,007
Debt retirement 73,723 45,000 58,723 57,609
Total Uses 51,645 268,586 1,805,594 2,125,825 712,616
NeY, Increase or Decrease(-) in
.4lorking Capital $5,484 5225,561 (573,187) 5217,858 516,587
Elwnents of Increase or Decrease(-)
in Working Capital
Cash and investments 586,838 5274,981 511,539 5373,358 (S274,370>
Temporary improvement notes 130,617 130,677 116,352
Accounts receivable 3,174 12,471 15,525 (7,907>
Accrued revenue 6,142 6,142 24,451
Assessments receivable (1T,493) (17,493) 15,726
Due from other goverrrnents (67,425) (67,425) (52,392)
Inventories (72,627) (323) 4,948 (8,002> (2,796>
Prepaid expense (14,128) 11,383 (2,745> 32,058
Accoimts payable (52,666) (120,008) (7,756) (174,430) (20,732)
Contracts payable 0 134,239
Due to other funds (25,000) (25,000) 36,363
Accrued liabilities (3,933> (4,724) (2,918) (11,575) 16,619
Current portion of long-term
debt (1,114) (7,114) (1,024)
Net Increase or Decrease(-)
In Working Capital 55,484 E225,561 (513,187) E217,858 516,587
(See notes to financial statements)
-82-
City of Brooklyn Center F_4
Municipal Liquor Fund
STATEMENT -0F REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
Year Ended December 31, 1988
Year Ended December 31,
1988 1987
Sales
Liquor $806,608 $784,209
Beer 1,344,281 1,288,929
Wine 364,220 386,369
Soft drinks 48,756 48,822
Other merchandise 19,729 18,830
Total Sales 2,583,594 2,527,159
Less: Cost of Sales 1,977,728 1,930,254
Gross Margin ___605,866 ___596,905
Operating Expenses
Personal services 246,975 247,443
Supplies 9,829 10,366
Other services g2�('72 �g��gg
Insurance 35,758 29,699
Utilities 32,946 23,727
Rent 27,507 26,536
Depreciation 11,392 16,752
Total Expense 457,079 434,311
Operating Income 148,787 162,594
Non Operating Revenue or Expense(-)
Investment earnings 9,084 6,539
Other revenue of expense(-) 708 379
Interest and fiscal agent fees (22,842) (23,866)
(13,050) (16,948)
O
perating Transfers to General Fund 90,000 110,000
Net Income 45,737 35,646
Retained Earnings January 1 322,593 286,947
Retained Earnings December 31 $368,330 $322,593
(See notes to financial statements)
-83-
City of Brooklyn Center
Public Utilities Fund
BALANCE SHEET
December 31, 1988
Totals
Water Sewer
Accounts Accounts ___1988___ ___1987__
ASSETS
Current Assets
Cash and investments $898,151 $2,926,301 $3,824,452 $3,549,471
Temporary improvment notes 58,000 188,969 246,969 116,352
Accounts receivable net 34,668 80,392 115,060 102,649
Accrued revenue 67,490 156,478 223,968 217,826
Assessments receivable:
Deferred 93,599 93,599 111,224
Delinquent 3,341 3,341 3,209
Due from other governments 159,918 159,918 227,343
Inventories 10,556 10,556 10,879
Prepaid expenses ____90,705 ____90,705 ____79,322
Total Current Assets 1,165,805 3,602,763 4,768,568 4,418,275
Restricted Assets
Temporary investments 3,700,000 300,000 4,000,000 4,000,000
Debt retirement investments 127,020 127,020 128,775
Total Restricted Assets 3,827,020 300,000 4,127,020 4,128,775
Fixed Assets
Mains and lines 7,570,370 4,968,191 12,538,561 12,538,561
Structures 2,657,486 1,039,187 3,696,673 3,551,805
Equipment 197,158 197,158 394,316 353,788
Land 25,318 ____25,318 ____24,816
10,450,332 6,204,536 16,654,868 16,468,970
Less: Allowance for
Depreciation 2,660,850 2,114,485 4,775,335 4,485,272
Total Fixed Assets 7,789,482 4,090,051 11,879,533 11,983,698
TOTALS $12,782,307 $7,992,814 $20,775,121 $20,530,748
(See notes to financial statements)
-84-
F_5
Totals
Water Sewer
Accounts Accounts 1988 1987
LIABILITIES, CONTRIBUTIONS AND
RETAINED EARNINGS
Current Liabilities
Accounts payable $72,897 $72,896 $145,793 $25,785
Accrued salaries payable 4,955 4,956 9,911 7,758
Accrued vacaton and sick pay 8,341 8,340 16,681 14,110
Current portion of
long-term debt ____45,000 ____45,000 ____45,000
Total Current Liabilities 131,193 86,192 217,385 92,653
Long_Term Liabilities
Revenue Bonds 135,000 135,000 180,000
Total Long-Term Liabilities 135,000 ___135,000 ___180,000
Fund Equity
Contributions _4,997,510 _5,618,576 10,616,086 10,616,086
Retained Earnings:
Reserved•
Debt Retirement 127,020 127,020 128,775
Restricted assessments 96,940 96,940 111,224
Plant expansion 3,700,000 300,000 4,000,000 4,000,000
Working capital 170,000 450,000 620,000 620,000
Unreserved 3,424,644 1,538,046 4,962,690 4,782,010
Total Retained Earnings 7,518,604 _2,288,046 _9,806,650 _9,642,009
Total Fund Equity 12,516,114 7,906,622 20,422,736 20,258,095
TOTALS $12,782,307 $7,992,814 $20,775,121 $20,530,748
-85-
City of Brooklyn Center F-6
Public Utilities Fund
SCHEDULE OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1988
Water Sewer
---------Totals---------
Accounts Accounts 1988 1987
Operating Revenue
Service to consumers $681,872 $1,181,378 $1,863,250 $1,632,914
Service hook-up charges 6,741 6,741 6,704
Sale of ineters (net) 1,386 1,386 5,950
Penalties 4,655 23,554 28,209 7,856
Total Operating Revenue _694,654 1,204,932 _1,899,586 _1,653,424 i
Operating Expenses 924,722 _1,450,597 _2,375,319 _1,920,628
Operating Income or Loss(-) (230,068) (245,665) (475,733) (267,204)
Nonoperating Revenues or Expenses(-)
Investment earnings 366,642 261,373 628,015 629,644
Special Assessments 6,468 6,468 12,936 39,389
Metro Waste Control Comm. 6,361 6,361 6,534
Other 1,951 1,951 1,319
Interest and fiscal fees __(8,889) __(8,889) ___(10,786)
Total Nonoperating 366,172 274,202 640,374 666,100
Net Income 136,104 28,537 164,641 398,896
Retained Earnings January 1 _7,382,500 _2,259,509 _9,642,009 _9,243,113
Retained Earnings December 31 $7,518,604 $2,288,046 $9,806,650 $9,642,009
(See notes to financial statements)
-86-
i r
City of Brooklyn Center S-6
Public Utilities Fund
SCHEDULE OF WATER OPERATING EXPENSE
For the Year Ended December 31, 1988
_______________Classification by Function
Year Ended December 31,
Source of Admin- Customer
Supply Transmission istration Accounting 1988 1987
Personal Services:
Salaries and wages $41,344 $60,790 $58,940 $31,755 $192,829 $137,585
Payroll taxes 13,588 13,588 11,841
Employee benefits 9,2�6 9,276 9,827
41,344 60,790 81,804 31,755 215,693 159,253
Supplies and material 107,240 11,614 1,766 341 120,961 100,796
Heat, light and power:
Electricity 136,329 641 136,970 117,334
Gas 4,414 1,076 5,490 3,933
140,743 1,717 142,460 121,267
I
Contractual Services:
Professional services 15,439 2,902 800 936 20,077 3,186 I
Postage 11,307 11,307 10,617 I
Insurance 5,528 5,528 3,915 I,
Repairs and maintenance 22,727 28,690 9,583 61,000 (14,217)
Rent and administration 98,668 98,668 90,692
nt 1 376 4 208 15 lll 19 701 13 865
E ui ment re a
q P
38,166 31,968 118,787 27,360 216,281 108,058
Depreciation 133,512 95,815 229,327 149,672
Totals $461,005 $201,904 $202,357 $59,456 $924,722 $639,046
(See notes to financial statements)
City of Brooklyn Center S-7
Public Utilities Fund
SCHEDULE OF SEWER OPERATING EXPENSE
For the Year Ended December 31, 1988
Classification by Function
Year Ended December 31,
Disposal and Admin- Customer
Pumping Transmission istration Accounting 1988 1987
Personal Services:
Salaries and wages $27,023 $26,768 $17,582 $71,373 $71,306
Payroll taxes 13,588 13,588 11,841
Employee benefits 9,276 9,276 9,827
27,023 26,768 40,446 94,237 92,974
Supplies and material 11,077 10,231 193 21,501 15,695
Heat, light and power
Electricity 14,452 14,452 14,817
Gas 358 358 264
14,810 14,810 15,081
Contractual Services:
Professional services 3,171 3,171 1,461
Postage $3,537 3,537 2,880
Insurance 5,528 5,528 4,304
Repairs and maintenance 3,129 8,830 4,384 16,343 3,524
Rent and administration 98,668 98,668 90,692
Equipment rental 4,208 14,469 18,677 13,865
Metro Waste Control
Commission 1,049,939 1,049,939 926,083
City of Brooklyn Park 25,732 25,732 23,982
1,078,800 8,830 115,959 18,006 1,221,595 1,066,791
Depreciation 48,772 49,682 98,454 91,041
Totals $1,180,482 $95,511 $156,598 $18,006 $1,450,597 $1,281,582
(See notes to financial statements)
s� r■r r r wr a� +r
F_7
City of Brooklyn Center
Golf Course Fund
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1988
Sales
Green fees $162,531
Rentals 7,688
Leagues 1,712
Concessions 16,968
Merchandise 14,328
Pop machine 3,379
Miscellaneous 358
Total Sales ___206,964
Less: Cost of Sales 23,126
Gross Margin 183,838
Operating Expenses
Personal services 81,217
�upplies 17,565
Other services 13,917
Insurance 3,953
Utilities 8,230
Depreciation ____20,449
Total Expense 145,331
Operating Income 38 507
Non Operating Revenue or Expense(_)
Investment earnings 1,919
Other revenue of expense(-) 123
Interest and fiscal agent fees (55 000)
Total Non Operating (52 958)
Net Income (14,451)
Retained Earnings January 1 p
Retained Earnings December 31 ($14 451)
(See notes to financial statements)
-89-
1
1
City of Brooklyn Center, P�Iinnesota
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.
_90_
City of Brooklyn Center S-8
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE
For the Year Ended December 31, 1988
Balance Balance
January 1, December 31,
1988 Acquisitions Disposals 1988
Investments in General Fixed
Assets (At cost)
Land $1,427,531 $1,465,868 $2,893,399
Buildings and improvements 6,008,115 99,021 $1,851,422 4,255,714
Park improvements 3,992,419 10,740 945,843 3,057,316
Furniture 470,747 97,640 568,387
Departmental equipment _4,091,895 ___242,480 ___895,026 _3,439,349
Total Investments in General
Fixed Assets $15,990,707 $1,915,749 $3,692,291 $14,214,165
Sources of Investments
General Indebtedness $600,491 $138,984 $461,507
General Fund revenues 5,599,412 $362,880 690,765 5,271,527
Liquor store income 304,571 70,424 234,147
Contributions 327,398 75,640 251,758
Capital projects funds:
G.O. bonds 3,129,798 3,129,798
I Tax levies
265,243 48 527 216,716
Sale of assets 156,654 28,495 128,159
Debt Service Funds excess 198,386 36,254 162,132
Capital Projects Fund
Balance 3,966,963 1,524,629 2,269,892 3,221,100
Federal grants 1,120,182 28,240 258,982 889,440
State grants 321,609 74,328 247,281
Total Sources of Investments $15,990,707 $1,915,749 $3,692,291 $14,214,165
(See notes to financial statements)
_9, r
i �1
S-9
City of Brooklyn Center
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 1988
Other
Function Land Buildings Improvements Equipment Total
General government $293,940 $293,940
Government buildings $245,712 $4,036,721 61,421 4,343,854
Public safety 1,740,474 1,740,474
Public works 1,262,773 1,262,773
N Recreation 207,840 207,840
Parks 1,722,687 218,993 $3,057,316 429,002 5,427,998
Economic Development
Authority 925,000 12,286 937,286
Totals $2,893,399 $4,255,714 $3,057,316 $4,007,736 $14,214,165
(See notes to financial statements)
I
City of Brooklyn Center, Minnesota
GEN�RAL LONG-TERM �B� ACCOUN� GROU�
The General Long-Term Debt Account Group was establ ished 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.
-93-
I
G
City of Brooklyn Center
COMPARATIVE SCHEDULE OF GENERAL LONG-TERM DEBT
December 31, 1988
December 31,
Amounts Available and to be Provided
Amounts available in Debt Service Funds $3,617,203 $3,360,297
Amounts to be provided:
From future tax levies 201,293 831,152
From future tax increments 5,063,465 5,255,040
From future gas tax allocations ___180,000 ___240,000
Total Available and to be Provided $9,061,961 $9,686,489
General Long-Term Debt Payable
General Obligation Bonds $1,440,000 $1,740,000
Special Assessment Bonds 1,220,000 1,500,000
Tax Increment Bonds 6 060 000 6 120 000
Sick and vacation accruals 341,961 326,489
Total General Long-Term Debt $9,061,961 $9,686,489
(See notes to financial statements)
I
I
-94-
City of Brooklyn Center H
SUMMARY Of DEBT SERVICE REQUIREMENTS TO MATURITY
Decernber 31, 1988
G.O. Special G.O. Tax
General Obligation Bonds Assessment Bonds Increment Bonds Water Revenue Bonds Debt Service Requirement
Year Principal Interest Principal Interest Principal Interest Principal [nterest Principal Interest
1989 $310,000 $98,795 5250,000 553,385 575,000 5473,888 545,000 57,020 5680,000 5633,088
1990 180,000 77,175 225,000 41,979 125,000 466,838 45,000 5,265 575,000 591,257
1991 340,000 58,445 215,000 31,775 135,000 457,650 45,000 3,510 735,000 551,380
1992 300,000 34,810 145,000 23,260 200,000 445,488 45,000 1,755 690,000 505,313
1993 310,000 11,780 110,000 17,158 240,000 429,282 660,000 458,220
i
1994 100,000 11,912 285,000 409,685 385,000 421,597
1995 85,000 7,131 340,000 385,957 425,000 393,088
1996 50,000 3,550 420,000 356,416 470,000 359,966
1997 40,000 1,100 420,000 323,325 460,000 324,425
1998 430,000 289,780 430,000 289,T80
1999 510,000 252,395 510,000 252,395
2000 595,000 208,195 595,000 208,195
2001 690,000 156,795 690,000 156,795
2002 795,000 96,997 795,000 96,997
2003 800,000 32,400 800,000 32,400
E1,440,000 5281,005 E1,220,000 E191,250 56,060,000 E4,785,091 E180,000 517,550 58,900,000 55,274,896
I I
City of Brooklyn Center, P�innesota
STATISTICAL SECTION
The statistical section presents comparative statistical data for the
past ten years, and other pertinent information involving taxes,
re venues, expenditures, bonded debt, property valuations, insurance
coverages and miscellaneous statistics.
This information is intended to be useful and of interest to investors
in City bonds, financial institutions, and others interested in
municipal government financial statistics.
With the exception of Table 9(Computation of Direct and Overlapping
Debt) and information concerning school districts in the Nliscellaneous
Statistical Facts section, all statistical information sources were
internal City records. The source of Table 9 information was the
Hennepin County Department of Finance. The sources of school district
information were the various school districts.
I
-96-
City of Brooklyn Center TABLE 1
GENERAL GOVERNMENTAL
EXPENDITURES AND OTHER USES BY FUNCTION (1)
Last Ten Fiscal Years
Community
Fiscal General Public Public Health Parks and Economic Non- Transfers Total
Year Government Safety Works Services Recreation Development Departmental Out Expenditures
1979 $688,539 $1,317,938 $883,870 $48,576 $851,684 $227,486 $4,018,093
1980 839,307 1,442,619 1,103,166 37,336 917,224 241,256 $490,000 5,070,908
1981 910,131 1,588,149 1,176,447 39,385 1,162,878 197,790 $250,000 5,324,780
1982 1,007,781 1,901,839 1,213,941 36,244 1,122,299 247,755 5,529,859
1983 1,054,064 1,875,122 1,288,081 28,663 1,268,907 91,953 5,606,790
1984 1,112,173 1,985,108 1,383,039 30,437 1,319,298 337,624 6,167,679
1985 1,283,050 2,143,843 1,560,842 34,326 1,389,075 416,937 6,828,073
1986 1,487,876 2,288,062 1,549,584 45,294 1,405,020 378,688 7,154,524
1987 1,532,185 2,604,773 1,552,532 48,185 1,597,901 313,860 7,649,436
1988 $1,768,607 $2,716,205 $1,768,918 $69,117 $1,706,516 $162,271 $310,475 $8,502,109
(1) Funds included in this table are the General Fund.
�r w� r .�r �r •�r +�.r �•r a.� r,�
City of Brooklyn Center TABLE 2
GENERAL GOVERNMENTAL
REVENUES AND OTHER FINANCING SOURCES BY SOURCE (1)
Last Ten Fiscal Years
General
Fiscal Property Licenses Intergovern- Charges for Fines and Transfers Total
Year Taxes Permits mental Services Forfeitures Misc. In Revenue
1979 $2,131,443 $186,464 $1,298,545 $465,885 $82,466 $135,889 $650,527 $4,951,219
1980 2,188,218 195,931 1,496,924 451,688 111,382 300,338 434,243 5,178,724
1981 1,655,642 207,100 2,388,848 728,828 111,596 188,284 544,965 5,825,263
1982 1,935,403 249,015 2,213,486 790,333 146,204 195,945 407,309 5,937,695
1983 2,133,859 328,019 2,459,133 859,928 154,812 244,433 489,111 6,669,295
0 1984 2,407,352 296,667 2,524,494 919,796 158,823 337,201 330,452 6,974,785
1985 2,444,153 387,806 2,618,957 979,543 187,045 348,316 311,926 7,277,746
1986 2,566,220 411,406 2,866,442 965,527 224,753 318,453 341,403 7,694,204
1987 2,541,016 345,019 3,060,252 1,114,203 269,903 310,613 166,888 7,807,894
1988 $3,318,656 $329,783 $3,078,491 $1,215,635 $243,952 $363,918 $337,871 $8,888,306
(1) Funds included in this table are the General Fund.
City of Brooklyn Center TABLE 3
TAX LEVIES AND TAX COLLECTIONS
Last Ten Fiscal Years
Collections Percentage Collections Ratio of
of Current Lev of Prior Ratio of Delin uent
Y q
Year's Taxes Collected Year's Taxes Total Delinquent Taxes to
Year Tax Levy During Fiscal During Fiscal During Fiscal Total Collections Taxes Current Year
Collected (1) Period Period Period Collections of Tax Levy Receivable Tax Levy
1979 $2,316,550 $2,277,597 98.32% $58,083 $2,335,680 1.0083:1 $146,042 .06304:1
1980 2,350,734 2,306,803 98.13% 62,371 2,369,174 1.0078:1 135,953 .05783:1
1981 2,746,020 2,619,758 95.40% 27,183 2,646,941 .9639:1 235,032 .08559:1
1982 2,965,702 2,854,688 96.26% 45,419 2,900,107 .9779:1 300,627 .10137:1
1983 2,482,369 2,420,772 97.52% 75,437 2,496,209 1.0056:1 286,787 .11553:1
1984 2,836,968 2,721,413 95.93% 111,596 2,833,009 .9986:1 290,746 .10248:1
1985 2,931,266 2,657,094 90.65% 178,709 2,835,803 .9674:1 386,209 .13176:1
1986 2,886,824 2,849,382 98.70% 32,739 2,882,121 .9984:1 390,912 .13541:1
1987 3,396,789 3,242,573 95.46% 68,651 3,311,224 .9748:1 73,052 .02151:1
1988 $3,642,504 $3,488,174 95.76% $13,090 $3,501,264 .9612:1 $105,521 .02897:1
(1) Includes property taxes only; lodging tax and tax increments are excluded.
(General fund, 69 Bldg Bonds, Park Bonds, and E.D.A.)
City of Brooklyn Center TABLE 4
ASSESSED VALUE AND MARKET VALUE OF ALL TAXABLE PROPERTY
Last Ten Fiscal Years
1979 1980 1981 1982 1983 1984 1985 1986 1987 1988
Population (Actuat) 32,950 31,230 30,990 30,820 30,830 30,820 30,630 30,267 29,759 29,420
Real Property
Assessed value:
City:
Homestead 572,075,015 570,506,973 582,133,535 574,268,430 $75,252,072 578,112,774 581,072,128 590,912,548 591,929,246 590,162,927
Non-homestead 54,893,227 63,605,303 80,626,961 104,715,944 122,369,087 124,305,853 126,444,994 125,109,658 139,433,999 154,031,355
Area-uide allocation (1,464,192) (1,832,196) (1,680,827) (2,357,630) (1,437,243> (3,366,456) (2,134,213) (2,097,533) (1,345,864) (8,148,681
125,504,050 132,280,080 161,079,669 176,626,744 196,183,916 199,052,171 205,382,909 213,924,673 230,017,381 236,045,601
Less Tax Increment District 78,000 742,474 4,057,611 5,437,588 9,784,473
i
Total assessed vatue 125,504,050 132,280,080 161,079,669 176,626,744 196,183,916 198,974,171 204,640,435 209,867,062 224,579,793 226,261,128
Estimated Market Value 396 811,532 451 519 456 604 637 366 657 701 757 725 476,089 775 162 400 788,107 800 813 377 800 854 846 550 910 336 300
o
Personal Property
Assessed value 4,389,397 3,816,766 4,027,036 4,113,767 3,973,587 4,148,726 4,276,221 4,291,916 4,296,001 4,510,313
Estimated market value 10,207,900 8,876,200 9,365,200 9,566,900 9,240,000 9,648,200 9,944,700 9,981,200 9,990,700 10,489,100
Total Taxable Property
Assessed vatue 5129,893,447 E136,096,846 5165,106,705 E180,740,511 5200,157,503 5203,122,897 5208,916,656 5214,158,978 $228,875,794 5230,771,441
Estimated market value $407,019,432 5460,395,656 5614,002,566 5667,268,657 5734,716,089 5784,810,600 5798,052,500 8823,359,000 5864,837,250 5920,825,400
Ratio of Assessed Value to
Estimated Market Value .319133:1 .29561:1 .26890:1 .27086:1 .27243:1 .25882:1 .26178:1 .26010:1 .26465:1 .25061:1
Per Capita Valuations
Assessed Value 53,942 54,358 55,328 $5,864 56,492 $6,591 $6,821 57,076 57,691 57,844
Estimated Market Value 512,353 514,742 519,813 $21,651 523,831 525,464 526,055 527,203 529,061 E31,299
City of Brooklyn Center TABIE 5
TAX RATES AND TAX LEVIES
Last Ten Fiscal Years
TAX RATES IN MILLS (2) School Districts Hennepin Total City, School, and County
County
Year Area Vo-Tech No. 286 No. 279 No. 281 No. 11 Special No. 286 No. 279 No. 281 No. 71
Collectible City (1) School Earl Brown Osseo Robbinsdale Anoka Districts Earl BroWn Osseo Robbinsdale Anoka
1979 17.880 2.227 47.451 45.0T3 46.645 47.706 35.450 703.008 100.630 102.202 101.036
1980 17.245 1.681 42.981 39.345 41.473 43.212 34.580 96.487 92.851 94.979 95.037
1981 16.603 1.510 33.512 33.427 40.757 37.996 33.373 84.998 84.913 92.243 87.972
1982 16.397 1.469 38.781 42.993 50.524 46.847 33.567 90.214 94.426 101.957 96.871
1983 15.971 1.119 42.896 46.035 52.901 45.474 33.557 93.543 96.682 103.548 95.002
1984 17.096 1.446 49.965 54.909 58.326 55.225 35.007 103.514 108.458 111.875 107.328
1985 16.506 1.490 49.332 51.199 56.100 52.830 34.443 101.771 103.638 108.539 103.779
1986 17.183 1.535 52.545 54.345 59.450 55.740 35.566 106.829 108.629 113.734 108.489
7987 18.167 1.421 49.640 55.783 56.932 54.926 35.315 104.543 110.686 111.835 108.408
7988 19.237 1.493 59.372 61.859 58.433 62.181 38.405 118.507 120.994 117.568 119.823
0
TAX LEVIES IN DOLLARS School Districts Hennepin
County Total CitY.
Year Area Vo-Tech No. 286 No. 279 No. 281 No. 11 Special Schools,
Collectible City School Earl Brown Osseo Robbinsdale Anoka Districts and County
7979 52,316,550 5252,099 51,763,457 51,711,981 $1,805,864 E794,944 54,603,009 513,247,904
1980 2,350,734 203,243 1,737,432 1,568,491 1,650,314 1,522,661 4,711,671 13,744,546
1981 2,746,020 237,607 1,939,916 1,636,937 2,058,145 766,972 5,925,084 15,310,681
1982 2,965,702 265,508 2,422,618 2,061,005 2,606,004 881,745 6,066,917 1T,269,499
1983 2,482,369 202,256 2,790,808 2,625,207 2,781,573 1,049,119 6,716,839 18,648,171
1984 2,836,968 287,933 3,328,173 3,090,749 3,178,504 1,279,696 7,085,080 21,087,103
1985 2,931,266 310,394 3,442,445 3,014,744 3,187,821 1,286,533 7,207,150 21,380,353
7986 2,886,824 327,794 3,776,253 3,194,701 3,476,104 1,329,107 7,593,315 22,583,498
7987 3,396,789 293,194 3,900,388 3,409,323 3,726,934 1,327,348 8,088,560 24,142,536
7988 53,576,812 S30T,506 54,602,806 53,782,157 53,875,906 51,537,601 58,862,771 526,545,559
(1) Includes tax levy for the Econanic Development Authority of Brooklyn Center of one third mill.
(2) One mill raises 51.00 in taxes for each 51,000.00 of assessed value.
City of Brooklyn Center TABLE 6
SPECIAL ASSESSMENT COLLECTIONS
Last Ten Fiscal Years
Current Collections Percent
Total
Special Percent Collection Collections
Year Assessment
of
of Prior Total to Current
Collected Billings Amount Billings Years Collections Levy
1979 $585,105 $461,550 78.88% $439,371 $900,921 153.98�
1980 655,175 572,104 87.32% 239,038 811,142 123.81%
1981 395,439 335,859 84.93% 95,963 431,822 109.20$
N 1982 733,198 649,472 88.58% 95,962 745,434 101.67�
1983 981,733 908,531 92.54% 57,463 965,994 98.400
1984 813,013 768,241 94.49� 79,617 847,858 104.29�
1985 715,185 698,756 97.70% 84,781 783,537 109.56%
1986 631,296 631,165 99.98� 11,953 643,118 101.87�
1987 572,851 552,168 96.39% 3,139 555,307 96.94�
1988 $556,028 $526,594 94.71% $2,723 $529,317 95.20%
City of Brooklyn Center TABLE 7
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET DEBT PER CAPITA
Last Ten Fiscal Years
Less: Ratio of Net Net
Gross Amounts Net Bonded Debt Bonded
Fiscal Estimated Assessed Bonded in Debt Bonded to Assessed Debt Per
Year Population Value Debt Service Fund Debt Values Capita
1979 32,950 $129,893,447 $2,115,000 $363,471 $1,751,529 1.35% $53.16
1980 31,230 136,096,846 3,420,000 403,728 3,016,272 2.22% 96.58
1981 30,990 165,106,705 3,235,000 508,101 2,726,899 1.65% 87.99
0
W
1982 30,820 180,740,511 3,040,000 606,062 2,433,938 1.35% 78.97
1983 30,830 200,157,503 2,800,000 678,318 2,121,682 1.06% 68.82
1984 30,820 203,122,897 2,545,000 628,786 1,916,214 0.94% 62.17
1985 30,630 208,916,656 2,290,000 846,014 1,443,986 0.69% 47.14
1986 30,267 214,158,978 2,020,000 945,736 1,074,264 0.50% 35.49
1987 29,759 228,875,794 1,740,000 683,294 1,056,706 0.46% 35.51
1988 29,420 230,771,441 1,440,000 751,408 688,592 0.30% 23.41
City of Brooklyn Center
COMPUTATION OF LEGAL DEBT MARGIN
December 31, 1988
Assessed value, for taxes payable in 1988
Debt limit, 7.33% of assessed value
Total bonded debt
Deductions (See Note 5):
A. Bonds:
1. Special Assessment
Bonds
2. State Aid Street Bonds
3. Utility Revenue Bonds
4. Tax Increment Bonds
B. General Debt Service Funds
Total Deductions
Total Debt Applicable to Debt Limit
Legal Debt Margin, December 31, 1988
8,900,000
1,220,000
180,000
180,000
6,060,000
7,640,000
751,408
8,391,408
Table 8
$230,771,441
16,915,547
508,592
$16,406,955
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City of Brooklyn Center TABLE 9
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1988
City's Share
Governmental Unit Gross Debt Sinking Funds Net Debt Per Cent Amount
Direct Debt:
City of Brooklyn Center (1) $1,440,000 $751,408 $688,592 100.0% $688,592
Overlapping Debt:
School Districts:
No. 281 (Robbinsdale) 6,360,000 2,513,189 3,846,811 10.2% 392,375
No. 11 (Anoka) 27,720,000 2,851,974 24,868,026 5.9% 1,467,214
No. 279 Osseo 51,515,000 3,466,000 48,049,000 26.8% 12,877,132
No. 286 Brook�yn Center) 220,000 92,712 127,288 100.0% 127,288
Area Vocational Technical School No. 287 4,600,000 1,013,123 3,586,877 4.9% 175,157
Metropolitan Transit 13,650,000 5,910,000 7,740,000 1.5% 116,100
Metropolitan Council (2 53,680,000 22,036,000 31,644,000 1.5% 474,660
Metropolitan Airport (3_ 0 0 0 0.0% 0
o Hennepin County 77,725,000 7,510,808 70,214,192 2.7q 1,895,783 'I
Total Overlapping Debt 235,470,000 45,393,806 190,076,194 17,526,308
i
Total Direct and Overlapping Debt $236,910,000 $46,145,214 $190,764,786 $18,214,900
(1) Includes only general obligation debt which is being repaid through property taxes.
(2) Excludes $255,804,000 less $37,074,000 in sinking funds of Metropolitan Council issued G.O. Sewer Bonds. These
bonds are supported from sewer charges to governments (including Brooklyn Center) in the metropolitan sewer system.
(3) Excludes $169,730,000 less $37,463,924 in sinking funds of G.O. Airport bonds supported from airport user fees.
Direct Overlapping
Comparative Net Debt Ratios Chargeable to City Total Debt Debt
Debt to assessed value $230,771,441 7.89% 0.30% 7.59%
Debt to market value $920,825,400 1.97% 0.07�0 1.90%
Per capita debt, population 29,420 $619.14 $23.41 $595.73
TABLE_10
City of Brooklyn Center
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Fiscal Years
Ratio of
Total (1) Total Debt Service
Debt General (2) to General
Year Principal Interest Service Expenditures Expenditures
1979 $210,000 $146,905 $356,905 $4,629,146 7.71�
1980 195,000 134,211 329,211 4,722,011 6.97%
1981 185,000 226,785 411,785 5,330,337 7.73%
1982 195,000 224,100 419,100 6,056,275 6.92%
1983 240,000 210,620 450,620 6,726,636 6.70�
1984 255,000 250,132 505,132 7,209,109 7.01%
1985 255,000 251,095 506,095 9,885,047 5.12%
1986 275,000 507,558 782,558 9,474,265 8.26%
1987(3) 2,475,000 930,252 3,405,252 11,813,346 28.83%
1988 640,000 682,561 1,322,561 10,567,159 12.52%
(1) For years 1979 through 1986, General Obligation Bonds and G.O.
Tax Increment Bonds are included. From 1987 onward, Improvement
Bonds, formerly Special Assessment Bonds, are also included.
(2) Included General, Special Revenue, and Debt Service funds.
(3) Amounts for 1987 are higher because of the issuance of Refunding
Bonds of 1987 and the defeasance of Improvement Bonds of 1982.
-106-
City of Brooklyn Center TABLE 11
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Fiscal Years
Ratio of
Net
Net Revenue
Gross Expenses Revenue to Debt
Year Revenue (1) Available Principal Interest Total Service
1979 $1,572,244 $824,417 $747,827 $35,000 $23,010 558,010 12.891 :1
1980 1,950,340 952,850 997,490 35,000 21,645 56,645 17.609 :1
1981 2,272,211 1,189,203 1,083,008 40,000 20,280 60,280 17.966 :1
1982 2,242,053 1,565,291 676,762 40,000 18,72.0 58,720 11.525 :1
1983 2,195,913 1,465,713 730,200 40,000 17,160 57,160 12.775 :1
1984 2,386,974 1,550,216 836,758 40,000 15,600 55,600 15.050 :1
1985 2,435,238 1,549,645 885,593 45,000 14,040 59,040 15.000 :1
1986 2,316,456 1,613,187 703,269 45,000 12,399 57,399 12.252 :1
1987 2,330,310 1,679,915 650,395 45,000 10,786 55,786 11.659 :1
1988 $2,548,849 $2,047,568 $501,281 $45,000 58,889 $53,889 9.302 :1
(1) Excludes depreciation and interest on bonds.
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1
City of Brooklyn Center TABLE 12
PROPERTY VALUE AND CONSTRUCTION
Last Ten Fiscal Years
Commercial Residential
Construction Construction Property Value (1)
Year Value Units Value Commercial Residential Non-Taxable
1979 $8,209,394 76 $3,392,700 $140,651,752 $285,436,500 $50,386,615
1980 12,544,300 43 3,061,000 161,917,915 330,196,500 50,386,615
1981 12,926,950 33 1,157,000 215,536,256 392,096,600 52,828,091
1982 2,497,700 70 2,055,000 228,523,271 483,354,800 52,828,091
1983 5,342,000 140 8,677,800 235,045,689 490,430,400 52,828,091
1984 6,037,900 77 8,954,300 268,460,800 506,701,600 52,828,091
1985 29,553,108 14 827,700 201,274,889 586,929,400 62,287,088
1986 14,689,661 157 9,737,806 199,882,500 613,694,000 64,906,838
1987 7,220,527 9 885,202 246,784,100 608,890,900 92,384,868
1988 5,084,601 66 3,073,500 286,096,300 634,230,700 89,745,168
(1) Estimated market value.
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City of Brooklyn Center TABLE 13
PRINCIPAL TAXPAYERS
December 31, 1988
Percentage
1988 of total
Market Market
________Taxpayers _____Type of Business Valuation ___Value
Equitable Life Assurance
Society of America Brookdale Shopping Center $37,742,800 4.10%
Robert H. Bradley Office and Warehouse Building 13,092,400 1.42%
Norman Chazin Apartment Buildings 13,083,300 1.42%
Ryan Construction Office Buildings 12,848,500 1.40%
Shingle Creek Plaza II Land, Warehouse and Office
Buildings 11,925,500 1.30%
Commercial Partners Brookdale Square Shopping
Center 8,404,300 0.91%
Twin Lake North Company Apartments 8,337,900 0.91%
Cigna Real Estate Funds, Office Buildings 7,980,000 0.87%
Ltd. Partnership
Sears Roebeck and Company Sears Department Store 7,891,200 0.86%
Plaza Real Estate Partners Hotel/Motel 6,870,700 0.75%
Total Market Value $128,176,600 13.94%
-109-
i
City of Brooklyn Center Table 14
SCHEDULE 4F INSURANCE COVERAGE
Effective January 1, 1989 (Continued next page)
Policy Period
Type of Coverage and Details From To Liability Limits
I. Statutory Liability to Employees
a. Workers' Compensation 01-01-89 01-01-90 Statutory
(participant in the League
of Minnesota Cities Insurance
Trust Self-Insured Workers'
Compensation Program)
II. Liability to the Public
a. General liability,
comprehensive 01-01-89 01-01-90
(1) Bodily injury $600,000 combined single
limit
(2) Property damage $600,000 combined single
limit
(3) Personal injury $600,000 combined single
limit
b. Automobile liability,
comprehensive 01-01-89 O1-01-90
(1) Bodily injury $600,000 occurrence
(2) Property damage $600,000 occurrence
(3) Uninsured motorist $600,000 occurrence
c. Liquor stores' dram shop 01-01-89 01-01-90 $1,000,000 each common
cause
III.'Loss of Income on City Enterprises
a. Liquor stores 01-01-89 01-01-90 $450,000
b. Public utilities 01-01-89 O1-OI-90 $450,000
i
-110-
i
City of Brooklyn Center Table 14
SCHEDULE OF INSURANCE COVERAGE
Effective January 1, 1989 (Continued from prior page)
Suildings
and
____Policy_Period Structures Content:
(Replacement (Replacement
Type of Coverage and Details From To Cost) Cost)
IV. Insurance on City Property 01-01-89 01-01-90
a. Public and institutional
property, all risk, blanket
$14,996,400; $1,000 deductible,
replacement value on buildings,
except stated value on Earle
Brown Farm buildings
1 Civic Center $4,683,000 468,000
2 East Fire Station 504,000 56,000
3 Municipal Service Garage $1,142,000 220,000
4 Elevated Water Towers 3 locations $2,611,000 0
5 Pa•rk Shelter Buildings 17 locations $1,270,000 51,000
6 Pump Houses 7 locations 440,000 120,000
7 Lift Stations 9 locations 305,000 68,000
8 Meter Station 14,000 0
9 Storage Building 242,000 0
lb� Outdoor lighting systems 7 locations 285,000 0
11 Liquor Store and Fire Station 477,000 201,000
12 Humboldt Liquor Store 210,000 163,000
13 Leased Liquor Store 0 205,000
14 Movable Properties 0 154,974
15 Pedestrian Bridge 431,000 0
16 Picnic Shelter 48,000 0
,17, Earle Brown Farm Buildings 501,900 0
Liability Limits
b. Boiler and machinery 01-01-89 01-01-90 $3,000,000 per accident
c. Automotive physical damage Ol-Ol-89 01-01-90
1 Comprehensive ACV -$250 deductible
,2, Collision ACV $500 deductible
V. Criminal Acts
a. Faithful performance blanket position $100,000 per loss
b. Money and securities (broad form) Various
c. Depositor's forgery $100,000
The comprehensive general liability includes the following additional coverages:
a All employees as additional insureds
b; Personal injury coverage to include false arrest, libel, slander, wrongful
entry or eviction or invasion of right of privacy.
c Broad contractual liability
d Products liability
e_ Public Officials' liability
-111-
City of Brooklyn Center TABLE 15
SCHEDULE OF CASH AND TEMPORARY CASH INVESTMENTS
December 31, 1988
Cash in Banks:
I� First Brookdale State Bank
Brooklyn Center, Minnesota $93,236
First National Bank of Minneapolis,
Minneapolis, Minnesota 2,306
I �I Temporary Investments:
Interest Carr in
Type Rate Maturity ____Amoun9
Banker's Acceptance 9.376 1989 $1,108,759
Repurchase Agreement 8.000 1989 200,000
U.S. Treasury bond 4.25 1992 75,000
U.S. Treasury notes 6.284-8.336 1989-1990 7,152,842
Federal Home Loan Bank bonds 6.55-9.95 1989-1991 13,703,857
;II Federal National Mortgage
Association bonds 8.375-12.00 1989-1992 2,869,782
Federal Farm Credit Bank bonds 8.30-8.75 1989-1990 2,300,000 27,410,240
Total Cash and Investments per Note 2 27,505,782
Interfund borrowings -(temporary improvement notes) 859,610
Accrued interest on investments 570,814
Change funds 5,490
Performance Deposits (13,342)
Total Cash, Temporary Cash Investments and Restricted Investments $28,928,354
-112-
City of Brooklyn Center TABLE 16
MISCELLANEOUS STATISTICAL FACTS
December 31, 1988 (Continued next page)
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 Years Begins Janaury 1
Area of City 8 1/2 square miles
Miles of Streets:
City 104.25
County 6.49
State 10.79
Miles of Storm Sewers 39.91
Number of Street Lights 954
Building Permits:
Number of Permits Issued:
1988 554
1987 573
1986 604
1985 521
1984 545
1983 660
1982
I 516
1981 518
1980 563
1979 606
Estimated Cost:
1988 10,846,987
1987 10,421,724
1986 28,594,810
1985 32,328,938
1984 15,606,354
1983 16,096,550
1982 5,968,824
1981 16,190,205
1980 17,454,690
I 1979 13,081,520
Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 38
Police Protect�on:
Number of Stations 1
Number of Full-time Employees 47
Number of Part-time Employees 7
Police Department Vehicles 16
-113-
City of Brooklyn Center TABLE 16
MISCELLANEOUS STATISTICAL FACTS
December 31, 1988 (Continued next page)
Parks and Recreation:
Park property totals 522 acres developed to serve a wide variety of recreational
interests. Areas include playlots, playgrounds, playfields, trails, nature areas
and an arboretum.
Full-time employees 13
Part-time employees (seasona�) 150
Playgrounds 17
Park shelters 17
Ice skating rinks 10
Hockey rinks 6
Softball diamonds 26
Baseball diamonds 6
Tennis courts 18
Basketball courts 18
Munici pal Water Plant:
Number of connections 8,873
Average daily consumption 4,866,435 gallons
Peak daily consumption 12,639,000 gallons
Plant capacity daily 16,500,000 gallons
Miles of water mains 111.70 miles
Number of fire hydrants 820
Number of wells 9
Number of elevated reservoirs 3
Storage capacity 3,000,000 gallons
Water rate per thousand 39 cents
Munici pal Sewer Plant:
Number of connections 8,817
Miles of sanitary sewer 104.21
Daily disposal capacity 7,862,400 gallons
Number of lift stations 10
Residential rate $23.20 per quarter
Munici pal Liquor Stores (Off-Sale):
Number of owned stores 2
Number of leased stores 1
1988 sales $2,583,594
City Employees•
As of December 31, 1988
Permanent or regular 133
Temporary or part-time 287
Total 420
Elections:
Last General Election November 8, 1988
Registered voters 19,690
Votes cast 15,462
Percenta�e ot registered voters voting 78.5%
Last Municipal Election 1988
Registered voters 19,690
Votes cast 15,462
Percentage of registered voters voting 78.5%
-114-
City of Brooklyn Center TABLE 16
MISCELLANEOUS STATISTICAL FACTS
December 31, 1988 (Continued from
prior page)
Population:
1940 1,870
1950 4,284
1960 24,356
1965 (specia� census) 30,108
1980 31,230
1981 per otticia� estimates 30,990
1982 per official estimates 30,820
1983 per official estimates 30,830
1984 per official estimates 30,820 j
1985 per official estimates 30,630
1986 per official estimates 30,267
1987 per official estimates 29,759
1988 _per official estimates, 29,420
Education:
Public Schools
School districts within Brooklyn Center (4)
No. 11 No. 286 No. 281 No. 279
__Anoka Earle_Brown Robbinsdale _Osseo
Total school buildings 35 2 22 21
School buildings within
Brooklyn Center 1 2 1 3
Total students registered 33,000 1,594 13,933 18,468
Students from Brooklyn
Center registered 989 1,456 563 1,674
Total square miles in
school district 172 2.8 30 66.5
Square miles within
Brooklyn Center 1.5 2.8 2.25 2.5
1988 assessed valuation 829,417,124 88,580,883 $770,195,010 $594,287,239
1988 assessed valuation
in Brooklyn Center 24,727,832 88,580,883 66,330,779 61,141,587
-115-