HomeMy WebLinkAboutCAFR-1984 1
COMPREHENSIVE
AN N UAL
AUDITED FINANCIAL REPORT
of the
CITY MANAGER
of
BROOKLYN CENTER, MINNESOTA
For The Year Ended December 31, 1984
GERALD G. SPLINTER, CITY MANAGER
I
Prepared by
THE DEPARTMENT OF FINANCE
Paul W. Holmlund, Director
(Member of Government Finance Officers
Association of the United States and Canada)
Cit.y of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31 1984
TABLE OF CONTENTS
Exhibit Page
Number Number
IN'TRODUCTORY SECTION
Title Page
Table of Contents
Listing of City Officials 1 2
Organization Chart 3
Location Map of City Properties 4
City Manager's Letter 5- 6
Finance Director's Letter 7- 17
Certificate of Conformance 18 19
FINANCIAL SECTION
Auditor's Opinion 20
Combined Statements Overview:
Combined Balance Sheet All Fund Types and
Account Groups 1 21 22
1 Combined Statement of Revenues, Expenditures and
Changes in Fund Balances All Governmental
Fund Types 2 23
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances Budget (GAAP Basis)
And Actual General and Special Revenue Funds 3 24
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary
Funds 4 25
Combined Statement of Changes in Financial
Position Proprietary Funds 5 26 27
Notes to Financial Statements 28 48
City of Brookl,yn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31 1984
TABLE OF CONTENTS r
Statement/
Schedule Page
Number Number
Combining and Individual Fund Financial Statements:
General Fund:
Comparative Balance Sheet A-1 49
Statement of Revenues, Expenditures and
Changes in Fund Balance Budget
(GAAP Basis) and Actual A-2 50
Schedule of Revenue Budget and Actual
Objective Classification S-1 51 53
Schedule of Expenditures Compared to
Budget (GAAP Basis) S-2 54 58
Special Revenue Funds:
Combining Balance Sheet B-1 59
Combining Statement of Revenues,
Expendi�ures and Changes in Fund Balances B-2 60 62
Debt Service Funds:
Combining Balance Sheet C-1 63
Combinin Statement of Revenues, Expenditures
g
and Changes in Fund Balances C- 64
Capital Projects Funds:
Combinin Balance Sheet
D-1
g
65 Combining Statement of Revenues, Expenditures
and Changes in Fund Balances D-2 66
Project-Length Schedule of Construction
Projects Capital Projects Fund S-3 67
Project-Length Schedule of Construction
Projects Municipal State Aid
Construction Fund S-4 68
City of Brooklyn Center
COMPREHENSIVE ANNUAL r REPORT
Year Ended December 31, 1984
TABLE OF CONTENTS
r Statement/
Schedule Page
Number Number
Special Assessment Funds:
Combining Balance Sheet E- 69 70
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances E-2 71
Project-Length Schedule of Construction
Pro jects S- 72
Enterprise Funds:
Combining Balance Sheet F-1 73 74
Combining Statement of Revenues, Expenses and
Changes in Retained Earnings F-2 75
Combining Statement of Changes in Financial
Position F 76 77
Statement of Operations Municipal Liquor Fund F-4 78
Statement of Operating Expenses Municipal
Liquor Fund F-5 79
Balance Sheet Public Utilities Fund F-6 80 81
Statement of Operations and Changes in Retained
Earnings Public Utilities Fund F-7 82
Water Operating Expense Public Utilities Fund F-8 83
Sewer Operating Expense Public Utilities Fund F- 84
Agency Funds:
Combining Statement of Changes in Assets and
Liabilities All Agency Funds G-1 85
i f B kl n Center
C t. y o r o o y
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31 1984
TABLE OF CONTENTS
Statement/
Schedule Page
Number Number
General Fixed Asset Account Group:
Schedule of Changes in General Fixed Assets
And Sources H-1 86
ts B
Schedule of General Fixed Asse y
Function and Activity H-2 87
Schedule of Changes in General Fixed Assets
By Function and Activity H-3 88
General Long-Term Debt Account Group:
Comparative Schedule of General Long-Term Debt I 89
STATISTICAL SECTION
Table
Number
General Governmental Expenditures by Function
Last Ten Years 1 90
Revenue Other Than Special Assessments
Last Ten Years 2 91
Tax Levies and Tax Collections
Last Ten Years 3 92
Assessed Value and Market Value of All Taxable
Property Last Ten Years 4 93
Tax Rates and Tax Levies Last Ten Years 5 94
Special Assessment Collections Last Ten Years 6 95
Ratio of Net Bonded Debt t• Assesse� V
alue and
Net Bonded Debt Per Capita Last Ten Y.ears 7 96
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1984
TABLE OF CONTENTS
Table Page
Number Number
Statement of Legal Debt Margins 8 97 9$
Computation of Direct and Overlapping Debt 9 99
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures 10 100
Schedule of Revenue Bond Coverage Last Ten Years 11 101
Property Value and Construction Last Ten Years 12 102
Principal Taxpayers 13 103
5ummary of Debt Service Requirements to Maturity 14 104
u e of Insurance Covera e 15 105-106
Sched 1 g
Schedule of Cash and Temporary Cash Investments 16 107
Miscellaneous Statistical Facts 108-110
I
r City of Brookl.yn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31, 1984
ELECTED OFFICIALS
Term of Office Term Expires
ars 12 31/$5
Mayor Dean Nyquist Two Ye
Councilman Rich Theis Three Years 12/31/87
Councilman Bill Hawes Three Years 12/31/87
Councilman Gene Lhotka Three Years 12/31/85
Councilwoman Celia Scott Three Years 12/3�/86
OFFICIALS NOT ELECTED
City Manager Gerald G. Splinter
City Clerk Gerald G. Splinter
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Department Heads:
Finance Paul W. Holmlund
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Park and Recreation Eugene Hagel
Assessment Peter Koole
Liquor Stores Gerald Olson
Deputy City Clerk/Personnel Coordinator Thomas Bublitz
Housing/Purchasing Coordinator Brad Hoffman
City Engineer James Grube
Street and Park Superintendent Henry Davis
Recreation Superintendent Arnold Mavis
Health Officer Duane Orn, M.D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
I
CitY of Brooklyn Center
LISTING OF CITY OFFICIALS
At M� 31 1985
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12/31/85
Councilman Rich Theis Three Years 12/31/87
Councilman Bill Hawes Three Years 12/31/87
Councilman Gene Lhotka Three Years 12/3�/85
Councilwoman Celia Scott Three Years 12/31/86
OFFICIALS NOT ELECTED
City Manager Gerald G. Splinter
City Clerk Gerald G. Splinter
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Department Heads:
Finance Paul W. Holmlund
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Recreation Arnold Mavis
Assessments Peter Koole
Liquor Stores Gerald Olson
Deputy City Clerk/Personnel Coordinator Thomas Bublitz
Housing/Purchasing Coordinator Brad Hoffman
City Engineer James Grube
Street and Park Su rintendent
Henr Davis
P
e Y
Duane Orn M.D.
Health Officer
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
_2_
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ORGANIZATION CHART COUNCIL MANAGER PLAN
City of Brooklyn Center, Minnesota
ADVISORY ELECI!�RATE CfIARTER COAM�IISSION
Capital Improvement Review Board
ti
AI)VISORY
Housing Commission
CITY COUNCIL CITY ATI'ORNEY
ADVISORY
Human Rights Comnission
ADVISORY ADNIINISTRATIVE ASSISTANT
CITY MANAGER �xrchasing Officer
Parks and Recreation Comnission Housing Coordinator
J
ADVISORY
Planning Coamission ADMINISTRATIVE ASSISTANT
DIRECI'OR
i Etner nc �Puty Clerk
i' Preparedness Persoruzel Coordinator
I
1
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DIRECI'OR DIRECI'OR CHIEF DIRECTOR DIRECI'OR CfiIEF MAIVAGER DI
RECPOR ASSESSOR
Planning Finance Poiiee of of Volunteer Liquor Public Tax
�d Department Depart- E�vironmental Recreation Fire Store Works I�ssessment
Inspection City ment Health Department Degartment Degartment
Department Treasurer
J a J
Park Government F�gineering Street Public
Maintenance Buildings Division Division Utilities
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TWIN I. �L
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VV ��I
CITY GENERAL PROPERTIES
A. Civic Ce�te� (City Hall Community Center)
8. West Fire Station Liquor Store No. 2
C. East Fi.e Station
P/�(;�( $YSTEM �EY D. Liquor Store No. 1 ILeased Property)
E. Liquor Store No. 3 (Leased Propertyl
1. Witlow Lane Park 13. Grandview Park F, City Maintenance Building
2, Orchard LanB Park 14. Evergreen Park G. City Maintena�ce Annex
3. Kylawn Park 15. Bellvue Perk H. Well No. 6, 1207 69th Avenue NorM
4. Lakeside Psrk 16. Marlin Park I. Well No. 7. 7230 Camden Ave�ue North
b. Brooklsne Park 17. Firehouse Park J. Water Tower No. 1
6. Wanpstsd Park 18. Riverdale Park K. Water 7ower No, 2
7. NortMport Park 19, freeway Pa�k L. Water Tower No. 3
8. HappY Hallow Park 20. Arboretum M. Lift Station No. 1, 6112 Vincent Avenue North
9. Pslmer Lake Park 21. River Ridpe Park (Miss. Rivar) N. Lrft Scation No. 2, 5450 Lyndale Avenue North
10. Ga�den City Park (State Ownedl O. Fumre Water Treatment a�d Maintenance Annex
11. Central Park Z2, Twin Lake Beach Park P. Vacant
12. Lions Park �City State Ownedl Q. Old City Haq Site (Vacant)
-4-
CITY
OF 6301 SHINGLE CREEK PARKWAY
B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
CENTE
R
1
May 20, 1985
HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
CITY OF BROOKLYN CENTER
In accordance with State Statutes and Section 7.12 of the City Char-
ter, I hereby transmit the comprehensive Annual Audited Financial
Report of the City of Brooklyn Center as of December 31, 1984 and for
the fisca 1 year then ended. Responsibi 1 ity for both the accuracy of
the presented�data and the completeness and fairness of the presenta-
tion, including all disclosures, rests with the City. Management
believes that the data as presented is accurate in all material
aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the City as
measured by the financial activity of its various funds; and that all
disclosures necessary to enable the reader to gain the maximum under-
standing of the City's financial affairs have been included.
In developing and evaluating the City�s accounting system, considera-
tion is given to the adequacy of internal accounting controls.
Internal accounting controls are discussed by the Finance Director in
his accompanying letter of transmittal and, within that framework, I
believe that the City's internal accounting controls adequately safe-
guard assets and provide reasonable assurance of proper recording of
financial transactions.
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 Conformance to those governments whose Annual Financial
Reports are judged to conform substantially with high standards of
public financial reporting, including generally accepted accounting
principles promulgated by the National Council on Governmental
Accounting. It is my belief that the accompanying fiscal year 1984
Financial Report meets program standards, and it will be submitted to
the Government Finance Officers Association for review.
In accordance with the above mentioned guidelines, the accompanying
report consists of three parts: (1) Introductory Section, including
the Finance Director's letter of transmittal; (2) Financial Section,
including the financial statements and supplemental data of the
government, accompanied by our independent auditor's opinion; (3)
Statistical Section, including a number of tables of unaudited data
depictin the financial histor of the overnment for the ast ten
Y g P
I ears information on overla in overnments and other miscellaneous
Y PP g g
information.
"'7le .So.Keticiag �Zo�e L'�
-5-
MAYOR AIJD MEMBERS OF CITY COUNCIL May 20, 1985
State law and the City Charter require that the financial statements
of the City of Brooklyn Center be audited by a certified public
accountant selected by the City Council. This requirement has been
complied with and our auditor's opinion is included in the financial
section of this report.
Respec�fully submitted,
'I r
Gerald G. S 1' er
P
City Manager
i
1
I
1
1
1
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CITY
OF 6301 SHINGLE CREEK PARKWAY
B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
CENTER
1
May 15 1985
Mr. Gerald G. Splinter
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The Com rehensive Annual Financial Report of the City of Brooklyn
P
Center, Minnesota for the year ended December 31 1984 is submitted
herewith. I believe the data, as presented, is accurate in all
material aspects; that it is presented in a manner designed to fairly
set forth the financial position and results of operations of the City
as measured by the financial activity of its various funds; and that
all disclosures necessary to enable the reader to gain the maximum
understanding of the City's financial affairs have been included.
THE�REPORT
The organization, form and content of this report has been prepared
using standards prescribed by theGovernment Finance Officers'
Association of the IInited States and Canada, the American Institute of
Certified Public Accountants, the Minnesota State Auditor, and the
City Charter. The format conforms to the audit guide for Audits of
State and Local Governmental Units and to the recent publication,
and Financial Re ortin
Governmental Accountin Auditin p
ORGANIZATION
Brooklyn Center was incorporated as a Village on February 14, 1911,
and became a City of the second class on December 8, 1966 thirty days
from the adoption of the City Charter by a referendum vote of the
people.
The form of government established by the Charter is the "Council-
Manager Plan". The Council exercises the legislative power of the
City and determines all matters of policy. The Council is composed of
a Mayor and four Council persons who are elected at large. Each
Council person serves a term of three years and the Mayor serves a
term of two years. The City Manager is the head of the Administrative
branch of the City Government and is responsible to the Council for
the proper administration of all affairs relating to the City. The
City Manager is the chief accounting officer of the City and mus�
provide such information about the City as the Council may require.
"7lse $osuetlu.cg �l o�ce
-7-
Mr. Splinter -2- May 15, 1985
The off' ces f Cit Clerk an Cit
i o y d y Treasurer are subordinate to, and
appointed by, the Ci�y Manager. The City Clerk has duties in
connection with the keeping of the public records. The City Treasurer
has duties in connection with the receipt, disbursement and custody of
pub 1 ic funds. The City Attorney is appointed by the Counci 1. A 1 1
other officers and employees of the City are appointed by the City
Manager. Appointment or removal of department heads are made final
upon a majority vote of the Council.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
In developing and evaluating the City's accounting system,
consideration is given to the adequacy of internal accounting
controls. Internal accounting controls are designed to provide
reasonable, but not absolute, assurance regarding: (1) the
safeguarding of assets against loss fromlunauthorized use or
disposition; and (2) the reliability of financial records for
preparing financial statements and•maintaining accountaba.lity for
assets. 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 evaluation of costs and benefits requires estimates and
judgements by management.
All internal control evaluations occur within the above framework. I
believe that the City's internal accounting controls adequately safe-
guard assets and provide reasonable assurance of proper recording of
financial transactions. A summary of significant accounting policies
is contained in Note 1 of the Notes to Financial Statements which can
be found in the Financial Section of this report. Accounting for all
the City�s activities is centralized under the Department of Finance.
The responsibility for maintaining and prescribing all financial
records, establishing and maintaining internal control, and preparing
financial and budgetary reports is delegated to this department.
The City Charter grants the City Council full authority over the
financial affairs of the City. The Charter requires that all funds of
the City, except funds made up of proceeds of bond issues, public
service enterprise funds, and special assessment funds, be budgeted.
The City Manager is charged with the responsibility of preparing the
estimates of the annual budget and the enforcement of the provisions
of the budget as specified in the budget resolution. Upon adoption of
the annual budget resolution by the Council, it becomes the formal
budget for City operation�. After the budget resolution is adopted,
the Council can increase the budget only if actual receipts exceed the
estimates, or from accumulated surplus in the amount of an unexpended
appropriation from the previous fiscal year. Financial reports, which
compare actual performance with the budget, are prepared monthly and
presented to the Council so the Council is able to review the
financial status and measure, the effectiveness of the budgetary
controls. Budget control is maintained by recording encumbrances as
purchase orders are written. Open encumbrances are reported as
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i
Mr. Splinter -3- May 15 1985
reservations of fund balance at December 31 1984 since they do not
constitute expenditures or liabilities.
THE CITY AND ITS SERVICES
This report includes all of the funds and account groups of the City.
It includes all activities considered by the U.S. Bureau of Census to
be part of (controlled by or dependent on) the City. The Housing and
Redevelopment Authority (HRA), although governed by Commission members
who are also City Council members, is considered by Census to be a
separate government because: (1 it is an organized entity; (2) it
has governmental character; and (3) it is substantially autonomous.
However, audited financial statements for the HRA are included in this
report since the City receives and disburses funds for the HRA. Inde-
pendent School District Nos. 286 (Earle Brown), 279 (Osseo), 281
(Robbinsdale), and 11 (Anoka) are totally or partially located in
Brooklyn Center and provide secondary education services to students
within the corporate limits of Brooklyn Center. These independent
school districts are governed by their respective school boards;
therefore, financial data applicable to them has been excluded from
this report. Independent School District No. 287 (Suburban Hennepin
County Area Vocational Technical Institute) financial data has also
i been excluded for the same reason. State Aid insurance premium tax in
the amount of $54,776 and ad valorem taxes in the amount of $32,019
were receipted by the City and disbursed to the Volun�eer Firemen's
Relief Association with the City acting in an agency capacity. This
report includes all other activities considered to be a part of, and
controlled by, the City of Brooklyn Center.
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
services. The City also operates three off-sale liquor 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.
The financial condition of each of the City's funds as of December 31,
1984 and the results of each funds' operations for the year,- together
with a comparison of these results to budget estimates and a
comparison to the previous years' results, is presented within the
Financial Statements Section of this report.
a -9-
Mr. Splinter -4- May 15 1985
GENERAL GOVERNMENT FUNCTIONS
As of December 31, 1984, the fund balance of the General `Fund, which
had not been appropriated to a specific expenditure purpose, totaled
$3,883,272. This amount represents the working capital that is
available to finance the general operations of the City.
Revenues and other financing sources used for general governmental
operations totaled $6,974,785 in 1984, an increase of $305,490 over
the previous year. The following table presents an analysis of major
revenue and other financing sources of the General Fund for 1984 and
compares them to 1983
Increase
9� of (Decrease)
1984 Total 1983 From 1983
Taxes, Ad Valorem $2,407,352 34.5� $2,133,859 273,493
Intergovernmental revenue 2,524,494 36•2 �,459,133 65,361
Charges for services 919,796 13.2 859,928 59,868
License and permits 296,667 4.3 328,019 (31,352)
Court fines 158,823 2•3 154,812 4,011
I Miscellaneous revenue
s 201 .8 2 0 0 168
337, 4 47, 33 9,
Other sources 330,452 4.7" 486,511 (156,059)
TOTAL $6 ,974,785 100.0� $6,669,295 305,490
Actual revenues and other financing sources exceeded the 1984 budgeted
amount by $379 ,121.
Expenditures and other uses of funds for general government operations
totaled $6,167 in 1984 an increase of $560,88g over the.previous
year. The following table presents an analysis of major expenditure
functions and other uses of funds of the General Fund for 1984 and
compares them to 1983:
Increase
9� of (Decrease
1984 Total 1983 From 1983
General Government 1 112 1 18.Oo 1 06 8 1
73 054 4 5 09
Public Safety 1,985,108 32.2 1,875,122 109,986
Public Works 1,383,039 22•4 1,288,081 94,95�
Community Health 30,437 .5 28,663 1,774
Parks and Recreation 1,319,298 21.4 1,268,907 50,391
Other uses 337,624 5•5 91,953 245,671
TOTAL $6,167,679 100.0� $5,606,790 $560,889
-�o-
Mr. Splinter -5- Ma 1 1 8
Y 5, 9 5
Expenditures and other uses of funds were $427 less than the 1984
budgeted amount.
Ad valorem tax levies for the current year 1984 and for the two previous
years are summarized and presented below:
1984 1983 19g2
Mill Mill Mill
Tax Levy Rate Amount Rate Amount Rate Amount
City Operations 12.432 $2,544,680 12.473 $2,501,971 12.782 $2,307,841
Debt Redemption 1.828 374,541 1.853 371,841 2.035 368,001
Public Employees'
Retirement 2.283 471 ,381 1 .645 329,146 1.580 289,860
TOTAL LEVY 16.543 $3,390,602 15.971 $3,202,958 16.397 $2,965,702
Assessed Valuation 1984 1983 1982
Real estate 202 18 62 1 621
,4 7 97, ,159 $178,984,374
Non-exempt personal property 4,148,726 3,973,587 4,113,767
Fiscal disparities adjustment (3,366,456) (1,437,243) (2,357,630)
TOTAL ASSESSED VALUATION $203,200,897 $200,1�7 $180,740,511
Minnesota's Lev.y Limitation Law was first implemented in 1973 The law
placed a limitation on the amount of increased property tax which a city
can levy. The amount of increase is generally limited to 8� of the
prior year's levy. The law also provides certain mechanisms by which a
municipality may adopt levies outside the levy limitations. The
following table summarizes the City's compliance with the law for the
years 1981 through 1984:
1984 1983 1982 1981
Total tax levy $3,390,602 $3,202,958 $2,965,702 $2,746,020
Less special tax levies 953,673 954,449 314,348 938,957
Limited Levy $2,436,929 $2,248,509 $2,651 $1,807,063
Levy Limitation 3,005,971� 2,537,576 2,721,309 2,026,714
UNDER LEVY LIMITATION 569 ,042 289,067 69 ,955 219
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M
r. Splinter -6 May 15, 1985
The State Legislature enacted a"Fiscal Disparit.y Law�� in 1 1 wh'
was not im lemented until taxes
97 ich
p payable in 1975 because of a constitu-
tional challenge. The law provides for the "pooling�� of 40� of all
new commercial and industrial property valuation in the seven county
metropolitan area. Valuation from this "pool" is redistributed to
taxing jurisdictions according to specified criteria. The impact of
disparity law on the City is shown below. The City has, since the
inception of the law eleven years ago, contributed $15 ,069,643 in
assessed valuation. The fiscal disparities adjustments for the ele ven
years are as follows:
Year Assessed Value Net Received
Taxes Value Contri- Received Or i
Payable buted to "Pool° From '�Pool° (Contributed)
1 2 2 1
975 ,355, 4 2,816,222 460,981
1976 3,746,879 3,880,301 133,422
1977 3,726,462 3,525,256 (201,206)
1978 4,856,260 3,666,177 (1,190,083)
1979 6,172,992 4,708,800 (1,464,192)
1980 8,086,801 6,254,605 (1,832,196)
�98� 9,523,651 7,842,824 (1,680,827)
1982 13,677,348 11 ,319,718 (2,357,630)
1983 16,832,813 15,395,570 (1,437,243)
1984 21,050,949 17,684,493 (3,366,456)
1g85 22,406,979 20,272,766 (2,134,213)
11 YEAR TOTAL $112, 436,375 97,366,732 $(15,069,643)
The comp lete reporting of the Genera 1 Fund financia 1 operations and
position can be found in the General Fund Section of this report.
-12-
Mr. Splinter -7- May 15, 1985
DEBT ADMINISTRATION
The ratio of net bonded debt to assessed valuation and the amount of
bonded debt per capita are useful indicators of the City's debt
position to municipal management, citizens, and investors. These data
for the City at December 31, 1984, were as follows:
Ratio of Debt to Ratio of Debt to
Assessed Value Present Debt Per
Amount of Present Market Market Value Capita
Net direct
bonded debt $3,078,960 1.479� •39% 99•90
Outstanding general obligation bonds at December 31 1984 totaled
$6,680,000, of which $3,205,000 was issued to provide permanent
financing for water, sanitary sewer, storm sewer and streets. The
repayment of these bonds is provided from the proceeds of special
assessments levied against the benefited property. Included also in
the outstanding G.O. Bonds were $420,000 of G.O. State Aid Street
Bonds which were issued to finance state aid projects and are repaid
from state allotments. Included also were $930,000 of G.O. Tax
Increment Bonds which were issued to finance the public costs involved
in the development costs of a housing development project and are
repaid from incremental taxes from the City's Tax Increment Financing
District. The remaining $2,125,000 is direct tax supported debt which
is repaid by the proceeds of ad valorem tax levies. During the past
year, $905 ,000 of general obligation bonds were retired.
Outstanding revenue bonds at December 31, 1g84 totaled $360,000.
These are bonds issued in 1963 for improvements to the water utility
and are repaid from the public utilities revenues. During the past
year, $40,000 of revenue bonds were retired.
The City has a current Moody's Investors Service bond rating of '�A-1".
More detailed information about the debt osition of the Cit can be
P Y
found in the Statistical Section of this report.
CASH MANAGEMENT
The Investment Fund was established to provide a uniform and consis-
tent means for investing temporary surpluses of individual City Funds.
Each individual City Fund invests iri the Investment Fund and that
Fund, in turn, invests these temporary surpluses in obligations issued
by the United States and its agencies, bank certificates of deposits,
repurchase agreements, savings and loan associations' sa vings certifi-
cates and City of Brooklyn Center construction notes issued to provide
temporary financing for construction in the special assessment funds.
-13-
Mr. S lint
p er -8- May 15, 1985
The avera e ield on investments durin the ear was 11.12 and the
g Y g y
Fund distributed $2,097 in interest earnings to the participating
funds.
SPECIAL REVENUE FUNDS
Federal General Revenue Sharing was established to provide financial
assistance to states and local government. The financial
contributions to local governmental units are based on a formula which
includes per capita income and local tax effort. During 1984 the
City's allocation totaled $160,081 and will be approximately $160,000
in 1985 The City expended $227,818 of general revenue sharing funds
in 1984•
The reporting of a 11 Specia 1 Re venue Funds� financia 1 operations and
position can be found in the Special Revenue Funds' Statements Section
of this report.
CAPITAL PROJECTS FUNDS
The Capital Projects Fund was established to account for monies re-
ceived from various sources (including transfers from the LCN1R and the
Lawcon and the Community Development Special Revenue Funds) and
expended on certain major, permanent facilities. A listing of current
capital projects in the Fund can be found in Schedule 5-13 of this
report. During 1984 Capital Projects Fund expenditures of $g12,864
were made. The Fund Ba lance at December 31 1984 was $3,189,785• Of
this amount, $241,125 was reserved for unexpended appropriations,
leaving an unreserved Fund Balance of $2,
The Municipal State Aid for Construction Fund was established to
account for monies received from the Minnesota Department of Transpor-
tation and expended for transportation related construction pro ects.
Th�e City expended $10,849 of municipal state aid for constru tion
during 1984. The Fund Balance at December 31, 1984 was $3,996,364, of
which $g,862 was reserved for unexpended appropriations and
$2,100,092 was restricted to State approved projects, lea ving an
unreserved Fund Balance of $1,886,410.
The reporting of these Funds' financial operations and positions can
be found in the Capital Projects Funds' Statements Section of this
report.
PUBLIC UTILITIES FUND
Comparative data for the City�s Public Utilities operations for the
past two fiscal years are shown in the following table:
-14-
Mr. S linter -9- May 15 �985
P
1984 �983
Water Department operating revenue 482�558 443�565
Sewer Department operating revenue 1,087,278 1,035
Water Department operating income (113 (98�828)
Sewer Department operating income (109,013) (123,021)
Water Department net income 367,117 349,$$7
Sewer Department net income 221,649 127,803
Water customers at year end 8,624 8,470
Sewer customers at year end 8,701 8,48�
The Public Utilities operating revenues are to be used to finance
system maintenance and future expansion and improvements. The
complete reporting of the Public Utilities' financial operations and
position can be found in the Enterprise Funds' Statements Section of
this report.
LIQUOR STORES FUND
The City's three municipal off-sale liquor stores earned a combined
net profit of $113 for the calendar year ended December 31, 1g84-
The Liquor Fund transferred $100,000 during the year to the General
Fund to assist in the financing of City operating expenses. A
condensed comparison of the stores' 1984 operations'with those of 1983
follows:
1984 1983
Sales $2,345,475 $2,421,996
Cost of Sales 1,840,087 1,908,786
Gross Profit on 5ales 505 ,3$$ 513,210
Operating Expenses 401,571 414,344
Net Operating Income 103,81? 98,866
Interest and Other Income 9�877 5�88$
Net Income 113,694 104,754
Transfers to the General Fund 100,000 115,000
-15-
Mr. Splinter -10- Ma 15, 1985
Y
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds are used to finance and account for the
construction of certain public improvemen�s such as residential
streets, storm sewers, sanitary sewers and water mains which are to be
paid for wholly or in part from special assessments levied against
benefited property. The Special Assessment Funds are also used to
account for assessments levied against the individual property owners
which are usually paid in installments over a period of years. Con-
struction expenditures of $230,713 were made from the Fund in 1984
The complete reporting of the Special Assessment Funds' financial
operations and position can be found in the Special Assessments Funds'
Statements Section of this report.
GENERAL FIXED ASSETS
The general fixed assets of the City are those fixed assets used in
the performance of general government functions and exclude the fixed
assets of the Enterprise Funds (Pub 1 ic Uti 1 ities and Liquor). As of
December 31 1984, the general fixed assets of the City amounted to
$25 ,293,647 This amount represents the original cost of the assets
and is considerably less than their present value. Depreciation of
general fixed assets is not recognized in the City's accounting
system. The Department has an automated fixed asset control system.
The system provides computations of depreciation for all depreciable
fixed assets in such manner that information is readily available for
management purposes. The complete reporting of the General Fixed
Assets accounting can be found in the General Fixed Asset Statement
Section of this report.
INDEPENDENT AUDIT
Section 7.12 of the City Charter requires that the City Manager's
annual report to the Council concerning the entire financial
operations of the City be audited. This requirement has been complied
with and the auditor�s opinion has been i:ncluded in this report.
CERTIFICATE OF CONFORMANCE
In order to be awarded a Certificate of Conformance, a governmental
unit must publish an easily readable and efficiently organized.
comprehensive annual financial report, whose contents conform to
program standards. Such reports must satisfy both generally accepted
ble le al re uirements.
accounting principles and applica g q
-16-
Mr. Splinter -11- May 15 1985
A Certificate of Conformance is valid for a period of one year only.
We believe our current report conforms to Certificate of Conformance
Program requirements, and we are submitting it to GFOA to determine
its eligibility for a certificate.
ACKNOWLEDGEMENTS
The preparation of this report on a timely basis could not be
accomplished without the efficient and dedicated services of the
entire staff of the Department of Finance. I would like to express my
appreciation to all members of the Department. 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,
�a,,�,. w•
Paul W. Holmlund
Director of Finance
PWH:ps
-17-
CITY OF BROOKLYN CENTER, MINNESOTA
CERTIFICATE OF CONFORMANCE
IN FINANCIAL REPORTING
The Government Finance Officers Association of the United
States and Canada (GFOA) awarded a Certificate of Conformance
in Finaneial Reporting to the City of Brooklyn Center, Minnesota
for its comprehensive annua.l financial report for the fiscal
year ended December 31, 1983
In order to be awarded a Certificate of Conformance, a govern-
mental unit must publish an easily rea.dable and efficiently
organized comprehensive annual financial report, whose contents
conform to program standards. Such reports must satisf�r both
generally accepted accounting principles and applicable legal
requirements.
A Certificate of Conformance is valid for a period of one yea.r
only. We believe our current report continues to conform to
Certificate of Conformance Program reQuirements, and we are
submitting it to GFOA to determine its eligibility for another
certificate.
V -18-
1 Certificate
1
of
Conf ormance
1
in Financlal
1
Aeporting
Presented to
City of
Brooklyn Center, Minnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1983
A Certificate of Conformance in Financial Re ortin is
P 8
presented by the Government Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports (CAFR's) are judged to substantially
conform to program standards.
�ce oFF,�
rerm sra�s
W wo resident
a
co�o�urioN s C�
r�ac, I r
�HIC�6 '��`/T�7�
I
Executive Director
i _l9_
SEIFERT, BETTS 8. CO., LTD.
1
CERTIFIED PUBLIC ACCOUNTANTS
Honorable Mayor and Members of the
City Council
City of Brooklyn Center, Minnesota
We have examined the combined financial statements of the City of Brooklyn
Center, Minnesota and its combining and individusl fund financial state�nts as
of and for the year ended December 1984, as listed in the table of contents. Our
examination was made in accordance with generally accepted suditing standards
and, accordingly, included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the combined financial statements referred to above present
fairly the financial position of the City of Brooklyn Center at December 31,
1984, and the results of its operations and the changes in financial position of
its proprietary fund types for the year then ended, in confarmity with generally
accepted accounting principles applied on a basis consistent with that of the
preceding year. Also, in our opinion, the c�bining and individual fund
financial statements referred to above present fairly the financial position of
the individual funds of the City of Brooklyn Center at December 31, 1984 their
results of operations, and the changes in financial position of individual
proprietary funds for the year then ended, in conformity.with generally accepted
accounting principles applied on a basis consistent with that of the preceding
year.
Our examination was made for the purpose of forming an opinion.on the
combined financial statements taken as a whole and on the combining and
individual fund financial statements. The accompanying financial information
listed as supporting schedules in the table of contents (schedules S-1, S-2, S-3,
S-4 and S-5) are presented for the purpose of additional analysis and are.not a
required part of the cambined financial statements of the City of Brooklyn
Center. The information has been subjected to the suditing procedures applied
in the examination of the combined. combining� and individual fund financial
statements and, in our opinion, is fairly stated in all material respects in
relation to the combined financial statements taken as s whole.
The accompanying statistical information presented in Tables l through 16
are not necessary f.or a fair presentation of the financial statements, but are
presented as additional statistical data. These statistical information tables
were not audited by us and, accordingly, we do not express an opinion on them.
Respectfully submitted,
L Seifert, Betts Co., Ltd.
JAMES W. SEIFERT, GPA
GEORGE D. BETTS, CPA
KENNETH P. �AEB, CPA �nnespolis, Minnesota
LARRY 5. �ACOBSON, CPA �Y 10� 1985
u+eRV s. rorr�e�, crn
�ANE L HOYUM, CPA
CINDY K. HAYES, CPA
DOUGLAS F. BERGSTROM, CPA
G12/546-3306
7035 Wayzata Blvd. Suite 100 Minneapolis, Minnesota 55426-1777
-20-
City of Brooklyn Center, Minnesota
GENERAL PURPOSE FINANCIAL STATEMENTS
The general purpose financial statements are intended to provide a
financial overview of municipal operations. These reports are at a
summary level and include that data needed to control and analyze
current operations to determine compliance with legal and budgetary
limitations and to assist in the financial planning process.
1
1
1
1
1
aty of ��yn a�,t� �TT
nn �rx�a ar,a nooarn cra�s
oa�e�m eawu� s�r (ariti�,�ea r,�t �e)
neoarbPr 37, 19e�a
RroPrieka�Y Fiduciary T°kals
(}�r�ta1 Flx�d lypes F1nd 1�+pas FLrd 1yp� lbooix►t (tat�s (�dm Q'�Y)
5pecial Debt �Pital Speci,al c�al (�1 Iag- Deoatber 31,
(3�a1 �vaiae Se'�vice Prajects Ass�naits Eht�Pr'ise A6e'�cY Fixed A.ssets Tem Debt 1994 1963
ASSEIS
m tgrd ard in Uar�►cs 635 3,900 u�535 �,5�
lnvestrrents (at oost) (Abte 1E) 3r825�Z7 �J02 872r09T 6,533r152 3�063��f0 2�908 10,596 18,136 16,641,�1
l�oeivables (r�et of irnollectible):
Aaoants 15,117 10,018 93,534 107,831 ��500 272�575
Taxes 252,044 2,484 34,860 1,368 290,7 286,'1$T
Special A�reits: I�ferr�ed 11,790 2,857r574 2,8G9,3�+ 3,135,641
Delirr�aait 680 122,083 5,3D4 128,067 163�870
Aocruad r�evaYae 195,995 195,595 18T,153
t n�e fYrm ott� flyds 32,505 135,2ot 269,413 9,020 25,'N2 471,841 1,516,235
N Aae fYr�n ot}�a- govertirer►ts 14,087 1']5,576 884,685 59,3fi3 1,133,711 671,1W
r l Trrventories arri s�pplias (No�:ee tF� 73,994 Zu6,545 3Z0,539 3�►3,493
�d
134 92�069 2Z6�441 88,939
f�stricted irn�naits ard ott�er assets u,482,839 4,482,839 4,581,609
0 41,200
�Y� P» ��P�t �Note 12) 15�141 25�293 40�435 ��9��172
L�ess aoami]ated depneci,atirn 3,800,448 3,800,448 3,547,9Zb
A�mu�t available in Debt Service F1rds '7�,917 'T��917 878�3y3
I#mtxit to be pro✓ided fa' (3��eral Larg-
Tam Debt 3,054,237 3,o54,�f 3,272,865
Total As9ets u,348,0e8 1,238,aD3 906,957 7,68'T,�io 6,165,681 19,�b8�748 11,954 25,293,b47 3,843,154 68,963,622 67,093,796
aty of m�ta no-marr i
ait r�xa �r,a aooa�,t c��s
arB� �ar� s�r (orn�r,.�a
n�- 3�, i�e►+
propr'ietar�' Fiduc3ary' lbtals
Ci�varma►t'al Ftx�d Ty[x� F1nd 1S+pes Flnd Ty+p� A000i.r►t (3�x� (N§rrxarri�m Q�lY)
�ecial Debt (�pital S�ecial (�al (3�aa11�B- Lboarba' 31,
(i��l 1�veYae �SVice P%jects As.�essn��ts Eht�Prise AgeY.y Fixed Assets Te'm Debt 1984 1983
L.IABIL�TT� A�ID FUfID EX�TTIY
Liabilities
Aoca.nts payable 93,120 31,013 59,981 3,017 113,351 30�,482 319,670
pay�7Q 12,000 u33,7�► 4,� 450,12� 176,G09
Lve to other flxds 2,481 133,618 7,336 161,487 166,919 471,841 1,516,Zi5
Aocrued escpe�ses/�ittu�es 78r9TT 41,3$7 11,232 131,�6 101,866
Aocn�ed vacatim ar�d sick pay 54 2 274,620 354,222 342,297
Ccm�ta�t�tim loerB payable ter�oraty 3�0,338 340,338 3�+3,419
11,'T90 118,W0 2,857,574 2,987,404 3,136,641
�✓a'iae bct'ds payable 3G0,000 360,000 �K10,000
c�,aal obli�tia� ba�as Fayab�e 3,475,o00 3,475,o00 3,730,00o I
special assessnaits ba�ds payable 3,ZO5,000 3,205,000 3,8�,000 I
Ass�s�S rn City prap�ty 93,534 93,53�► 161,685
N Total L3abilities 2 176�421 118�040 501�101 6�608�803 680�524 0 0 3,843 r154 12�169�545 14�083�422
N
Flx�d FquitY
Ctntxibuted �pital l0,Z15,491 1�,275,491 10,220,291
7rnested in ge�aal fixed assets 25,293,647 �i 23,799,I19
f�tair�ed earnirgs:
R�eved:
F�tricted assets 312,819 312,819 336,624
Debt retirenait 135,2#5 1 �,�5 131,8;15
Ccmtx�tim 34r775 3�r775 113� 180
Woricirg cePital �,OOU 62�,000 620,000
Plant e�er�sim 4,000,000 4,000,000 4,000,000
3,409,894 3�409,894 2,7o8,bb4
F1r�i �lar�:
f�avai:
A�stricted assets 2,100,092 2,100,092 1,634,239
irnentcries and pr�iaid acpa� 208,367 208,3b7 83,834
Sli�eqi,�t year �iatiazs 14,887 5,679
Debt sa�vioe 547,616 114,549 1,377,284
�t�pa'�ded aPprupr'iatims 250,987 -1��0� ��932 3�8b,283
LYa�ved:
�i��atea 3,883,z�2 1,056,103 2�+i,3�1 4,8�,0'l0 »,954 io,o27,700 7,9�8��56
Totai F1x�d F�uity 4,106,526 1,061,782 788,917 7,186,149 -�►3,122 18,788,7114 11,954 25,293,647 0 56,794,�'T 53,010,374
TC7PAt., LIABII,IT� A�ID �ID DCi7TfY 4,348,0� 1,?�8,203 906,957 7,687,250 6,165 19,�,748 11,954 �'i,293,�►7 3,843,154 68,9b3,622 67,093,79b
(See r�tes to fir�ancial stat�eits)
City of Brooklyn Center EXHIBIT 2
All Governmental Fund Types
COMBINED STATEMENT OF f�VENUES, EXPENDITURES, AND CHANGES IN EUND BALANCES
Year Ended December 31, 1984
Totals
(Memorandum Only)
Special Debt Capital Special
Ceneral Revenue Service Pro�ects Assessments 1984 �983
Revenues
Taxes and special assessments (current year) 2,407,352 b1,751 382�615 961,265 3,812�983 3,688,105
Licenses and permits 296,667 296,667 328,019
Intergovernmental 2,524,494 485,24b 559�235 3,568,975 3,563�608
Charges for services 919,79b 47,122 966,918 879,041
Court fines 158,823 158,823 154,812
Interest 267,264 102,803 74,569 513,542 415,185 1,373�363 1,050,945
Miscellaneous b9,937 38,598 55 76,058 184,648 542�453
Total Revenues b_644,333 735,520 457�239 1,�48,835 1,376,450 10,3b2�377 10,206,983
Expenditures
Gl�rrent
General government 1,112,173 408,815 1,520,988 1�723�290
Public safety 1,985,108 1,985,108 1,875,122
Streets and highways 1,383,o39 1,383,039 1,288,081 I
Co�rmunity health services 30,437 30,437 28,663
Parks and recreation 1,319,298 1�319�298 1,2b8,907
Non-Departmental 337,b2� 127,483 465,107 91�953 I
W Capital outlay 923,713 230,713 1,154,426 1,344,955 ;I
Debt service:
Principal retirement 255,000 255,000 240,000
Interest and fiscal charges 250,132 457,377 707,509 441,247
Total Expenditures 6,167,679 u08,815 632,b15 923�7�3 688,090 8,820,912 8,302,218
Excess/Deficiency(_) Revenues Over Expenditures 476,654 326_705 Y__ _175,376 y__ 225,122 1,541,465 __1�904,765
Other Financing Sources or Uses(-)
Proceeds of General Obligation Bonds 0 913,700
Operating transfers in (Note 9) 330,452 335,461 89��+u5 2,017,484 42,760 2,815,602 1,188,144
Operating transfers out -708,171 -3,495 132,205 -1,881,612 -2,725,483 1,073,
1
Total Other Financing Sources or Uses(-) 330,452 372,710 85,950 1 885 279 1,838 852 90,119 1,028,700
Excess of Revenues and Other Sources Over or
---p---
Under Ex enditures and Other Uses 807,106 -46,005 -89,426 2,110,401 -1,150,492 1,631,584 2,933,465
Fund Balance January 1 3,899,420 1,107,787 878,343 �,475,748 707,370 11,068,668 8,135,203
Residual Transfers -b00,000 600,000
Fund Balance December 31 4,106,526 1,061,782 788,917 7,186,149 -443�122 12,700,252 11,068,
(See notes to financial statements
r■� r o�■
City of Brooklyn Center EXHIBIT 3
General and Special Revenue Funds
C�'BINED STATEMENT OF REVENUFS, EXPENDITURES, AND
CHANC�E'S IN FUND BALANCES BODGET (GAAP BASIS) AND ACfUAL
Year Ended December 31, 198�+
General Fured Special Revenue Furxls
Actual Over Actual Over
Dnder(-) Under(-)
Budget Actual Budget Budget N__ Budget
Revenues
---Taxes 2,426,771 2,407,352 -19,u19 61,751 b1,751
Licenses and permits 228,424 296,667 b8,243
Intergovernmental 2,329�954 2,524,494 194,540 485,2�+b 485,246
Charges for services 882,055 919�79b 37�741 4T>>22 u7>>22
Court fines 145,000 158,823 13,823
Miscellaneous 190,720 337,2�1 146�48� 141,401 `M 141,401
Total Revenues 6,202,924 6,644,333 441,409 0 735,520 735,520
Expenditures
�rrent: -100,387 408,815 408,815
General government 1,212,560 1,112,173
N Public safety 2,144,295 1�985,�08 -159,1a7
,Q Streets and highways 1,472,955 1,383 �9�916
I Co�unity health services 31,282 30,437 -845
Parks and recreation 1,406,528 1,319,298 �7�23�
Non-Departmental 328,044 337,624 9,5 0
8
Total Expenditures M 6,595,664 6,167,679 �27_985 0 408_815 408_815
0 326,705 3 �7 5
Excess or Deficiency(-) of Revenues Over Expenditures -392 740 �+76 654 8b9�394
Other Financing Sources or Uses(-)
Bond proceeds 0 0
Operating transfers in 392,740 330,452 62�288� _708,171 708,171
Operating transfers out
Total Other Financing Sources or Uses(-) 392r740 330,452 -62,288 -372�7�� '37
Excess or Deficiency(-) of Revenues and Other
Sources Over Expenditures and Other Uses 0 807,106 807,106 0 -46,005 -4 ,005
Fund Balance January 1 3,899,420 3,899,u2o 0 1,107,787 1,107,787
Residual Transfers -600,000 -600,000 0
3,299�u20 4,106,526 807,106
Fund Balance December 31 0$ 1,061,782 1,061,7 2
(See notes to financial statements)
City of Brooklyn Center EXHIBIT 4
Proprietary Funds
CONIBINED STATEMENT OF REVENUFS, EXPENSES, AND CHANGFS IN RETAINED EARNINGS
For the Year Ended December 31, 198�
With Comparative Tota.ls for the Year Ended December 31, 1983
Enterprise Funds_____
Municipal Public Totals
Liquor Utilities
Fund Fund 1 8�4 1983
9
Operating Revenues
Gross margin on product
sa.les 505,38$ 505 513,210
Charges for services ___1,569,836 1,569,836 1,479,102
Total Operating Revenues 505,388 1,569,836 2,075,224 1,992,3�2
Operating Expenses
Personal Services 236,863 230,009 466,872 502,272
Contractual services 108,765 1,122,9�9 1,231,714 1,180,59�
Supplies and materials 10,528 71,872 82,400 �►5,268
Heat, light, power 22,362 125,386 1�►7,748 132,338
Depreciation 10,362 2�2,160 252,522 2�18,210
Other 12,691 12, 6 617
Total Operating Expenses 401,571 1,792,376 2,193,9�7 2,115,295
Operating Income 103,817 -222,5�0 -118,723 -�22�
Non Revenues or Expense(_)
Interest earned 8,437 725,�32 733,869 699,043
Other revenue or expense 1,440 91,706 93,1�46 23,656
Interest and fiseal a�ent fees -15,713 -15 713 7, 7
-1- 2 2
Non-Operating Totals 9,877 801,425 811,302 705,427
Income Before Operating
Transfers 113,b9�+ 578,885 692,579 582,��4�
f rs n or Out -100 000 9,881 -90,119 -115,000
Operating Trans e I
Net Income 13,69�► 588,766 602,�60 �+67,444
Retained Earnings January 1 221,274 7,688,999 7,910,273 7,�42,829
Retained Earnings December 31 23�+,968 8,277,765 8,512,733 7,910,273
(See notes to financial statements)
-25-
City of Brooklyn Center EXHIBIT 5
Proprietary Funds
CONiBINED STATEMENT OF CHANGES IN FINANCIAL POSITION (Continued next page)
For the Year Ended December 31, 1984
With Comparative Totals for the Year Ended December 31, 1983
N_N Enterprise Funds
Municipal Public Totals
Liquor Utilities
Fund Fund 1984 1983
Sources of Financial Resources
Operations:
Net income for year 13,694 588,766 602,460 467,444
Add: Itenas not requiring
current outlay
depreciation 10,362 242,160 252,522 248,210
Total Resources Provided
By Operations 24,056 830,926 85�,982 715,65�+
Contributions toward
construction 50,200 50,200 5,292
Decrease in restricted assets 98,770 98,770 52,079
--------02
Total Sources 24,056 979,896 1,003,952 773, 5
Use of Financial Resources
Purchase of properties 1,979 384,487 386,466 579,900
Payments to retire bonds u0,000 40,000 40,000
Amortization of deferred
gain on sale of assets 0 10,595
Total Uses 42�+,487 426,466 630,�495
Net Increase or Decrease(-) in
Working Capital 22,077 555,409 577,�+86 142,530
(See notes to financial sta.tements)
-26-
City of Brooklyn Center EXHIBIT 5
Proprietary Funds
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION (Continued from
For the Year Ended December 31, 198� prior page)
With Comparative Totals for the Year Ended December 31, 1
Enterprise Funds____
Municipal Public Totals
Liquor Utilities
Fund Fund M------
Elements of Increase or
Deerease(-) in Working
Capital
Tem orar investments -1 526 362 773 3�9,247 50,222
P Y 3�
Accounts receivable 13,709 6,897 6,812 8,09�+
Assessments receivable -1,125 -1,125 �,735
Due from other flznds 25,331 25,331 -11,725
Due from other
overnments 46,226 46,226 -29,797
nventories 16 12 2�1 20,370 10,661
I 9
10 86 -2 965
1 �0�4 018 3
Pre id ex enses 3, 3,
Pa P
8
Acerued revenue 8,�42 8,4�42 ,77
Accounts payable -�+4,780 80,917 36,137 -68,819
Contracts payable 62,906 62,906 53,19$
Due to other flznds 42,980 -10,039 32,9�1 1�46,393
IRie to other
governments 0 19,606
G�rrent portion of
long-term debt -5,000 -5,000 0
Aecrued liabities 26,419 -866 25,553 -22,663
Net Increase or Decrease(-) in
Working Capital 22,077 555,409 577,�+86 1�42,530
(See notes to financial statements)
-27-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 1: Summar.y of Si�nificant Accountin� Policies
A. Fund Accountinp
The accounts of the City are organized on the basis of
funds and account groups, each of which is considered a
separate accounting entity. The operations of each fund.
are accounted for with a separate set of self-balancing
accounts that comprise its assets, liabilities, fund
equity, revenues, and expenditures, or expenses, as ap-
propriate. Government resources are allocated to and ac-
counted for in individual funds based upon the purposes
for which they are to be spent and the means by which
spending activities are controlled. The various funds are
grouped, in the financial statements in this report, into
seven generic fund types and three broad fund categories
as follows:
GOVERNMENTAL FUNDS
General Fund The General Fund is the general operating
fund of the City. It is used to account for all financial
resources except those required to be accounted for in
another fund.
Special Revenue Funds Special Revenue Funds are used to
account for the proceeds of certain specific revenue sources
that are legally restricted to expenditures for specified
purposes.
Debt Service Funds Debt 5ervice Funds are used to account
for the accumulation of resources for, and the payment of,
general long-term debt principal, interest and related
costs.
Capital Projects Funds Capital Projects Funds are used to
account for financial resources to be used for the acquisi-
tion or construction of major capital facilities other than
those financed by proprietary funds or Special Assessment
Funds.
Special Assessment Funds Special Assessment Funds are used
to account for the financing of public improvements or
services deemed to benefit the properties against which
special assessments are levied.
-28-
City of Brooklyn Center
NOTES TO�FINANCIAL STATEMENTS
December 31, 1984
Note 1: Summary of �nificant Accountin� Policies(continued)
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 pro-
viding goods or services to the general public on a continu-
ing basis be financed or recovered primarily through user
charges.
FIDUCIARY FUNDS
Agency Funds Agency Funds are used to account for assets
held by the City as an agent for other government units.
B. Fixed Assets and Long-Term Liabilities
The accounting and reporting of fixed assets and long-
term liabilities associated with a fund are determined by
its measurement focus. All governmental funds are accounted
for on a spending or "financial flow" measurement, which
means that only current assets and current liabilities are
generally included on their balance sheets. Their reported
fund balance is considered a measure of «available spendable
resources.�� Governmental fund operating statements present
increases (revenues and other financing sources) and de-
creases (expenditures and other financing uses) in net
current assets. Accordingly, they are said to present a
summary of sources and uses of '�available spendable re-
sources° during a period.
Fixed Assets used in governmental fund type operations
are accounted for in the General Fixed Assets Account Group,
rather than in the governmental funds. Public domain
general fixed assets consisting of certain improvements
other than buildings, including roads, curbs and gutters,
streets and sidewalks, drainage systems, and lighting
systems, are capitalized along with other general fixed
assets. No depreciation has been provided on general fixed
assets.
All fixed assets are valued at historical cost or esti-
mated historical cost if historical cost is unavailable.
Donated fixed assets are valued at their estimated fair
value on the date donated.
-29-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 1: Summary of Si�nificant Accountin� Policies(continued)
The fixed assets of the Liquor and Public Utilities
funds are depreciated using the straight-line method over
the estimated useful lives of the assets. The estimated
useful lives are as follows:
PUBLIC UTILITIES
Water Sewer Liquor
Mains/Lines 100 years 100 years
Structure/Improvements 30 years 25 years 3-10 years
Equipment 5-25 years 3-10 years
Public Utility assets financed by special assessments
are recorded as contributions.
Long-term liabilities expected to be financed from
governmental funds are accounted for in the General Long-
Term Debt Group, not in the governmental funds. The single
exception to this rule is for special assessment bonds,
which are accounted for in Special Assessment Funds.
The two account groups differ from "funds" in that
they are not involved with measurement of results of opera-
tians. They are concerned only with the measurement of
financial position.
Because of their spending measurement focus, expenditure
recognition for governmental fund types is limited to
exclude amounts represented by noncurrent liabilities.
Since they do not affect net current assets, such long-term
accounts are not recognized as governmental type expendi-
tures or fund liabilities. They are instead reported as
liabilities in the General Long-Term Debt Account Group.
C. Basis of Accountin�
Basis of accounting refers to when revenues and expen-
ditures or expenses are recognized in the accounts and re-
ported in the financial statements. Basis of accounting
relates to the timing of the measurement made, regardless
of the measurement focus applied.
All governmental funds and agency funds are accounted
for using the modified accrual basis of accounting. This
means that their revenues are recognized when they become
measurable and available as net current assets. Special
assessments principal and interest and property taxes are
considered "measurable" when in the hands of intermediary
i
-30-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1984
No�te 1: Summary of Si�nificant Account Policies(continued)
collecting governments and are recognized as revenue at
that time. Anticipated refunds of such taxes are recorded
as liabilities and reductions of revenue when they are
measurable and their validity seems certain. Otherwise,
taxes, licenses and permits, in�ergovernmental charges for
services, court fines and miscellaneous revenues are con-
sidered measurable and available when received. Investment
earnings are recorded as earned since they are measurable
and available. Special assessments installments not yet
payable are reflected as deferred revenues.
Expenditures are generally recognized under the modi-
fied accrual basis of accounting when the related fund
liability is incurred. Exceptions to this general rule
include principal and interest on general long-term debt
which is recognized when due.
All proprietary funds are accounted for using the
accrual basis of accounting. Their revenues are recognized
when they are incurred. Unbilled Water and Sewer Fund
utility service receivables are recorded at year end based
on a pro rata share of actual subsequent billings.
Fund Measurement Basis of
Fund Type Cate ories Focus Accounting
g
General Governmental Spending Mod. Accrual
Special Revenue Governmental Spending Mod. Accrual
Debt Service Governmental Spending Mod. Accrual
Capital Projects Governmental Spending Mod. Accrual
Special Assessment Governmental Spending Mod. Accrual
Enter rise Pro rietar Ca ital Accrual
P P
P Y
Maintenance
Trust and A enc
g Y
Agency Fiduciary Mod. Accrual
D. Bud�ets and Bud�etary Accountinp
The City follows these procedures establishing the bud-
getary data reflected in the financial statements:
1. By the first regular Council meeting in September, t
the City Manager submits to the City Council proposed
operating budgets for the fiscal year commencing the
following January. The operating budgets include ex- e
penditures and the means of financing them.
_3�_ i
City of Brookl_yn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1984
Note 1: Summary of Si�nificant Accountin� Policies(continued)
D. Bud�ets and Bud�etary Accountin�(continued)
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 later than the
first week of October.
4. The City Council must authorize transfer of bud-
geted 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 additional outside revenues.
6. All budget amounts lapse at the end of the year to
the extent they have not been expended.
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 and
Special Assessment Funds is accomplished through the
use of project controls.
8. Budgets for the General and Special Revenue Funds
are adopted on a basis consistent with generally accept-
ed accounting principles (GAAP).
9. Budgetary control is maintained at the expenditure
category level within each activity. Budgetary control
is maintained in compliance with the 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 original appropri-
ations.
-32-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 1: Summary of Si nificant Accountin Policies
_g ,g (continued)
E. Investments
Investments are stated at cost, which approximates
market. Cash balances from all funds are pooled and in-
vested, to the extent available, in authorized investments.
Interest income on such investments is recorded as earned,
and allocated to the respective funds on the basis of the
participating funds investment.
F. Inventor.y
Inventories within the Water and Sewer Fund and the
Municipal Liquor Stores Fund are valued at the lower of
cost (first-in, first-out) or market. Inventory quantities
are determined by utilizing physical counts.
G. Encumbrances
Encumbrances accounting, under which purchase orders,
contracts, and other committments for the expenditure of
monies are recorded in order to reserve that portion of the
applicable appropriation, is employed. Encumbrances out-
standing at year end are reported as reservations of fund
balances, since they do not constitute expenditures or
liabilities. They are reappropriated in the succeeding
year budget.
H. Comparative Data
Comparative totals for the prior year have been pre-
sented in the accompanying financial statements in order to
provide an understanding of changes in the City�s financial
position and operations. However, comparative (i.e., pre-
sentation of prior year totals by individual funds) data
have not been presented in each of the statements since
their inclusion would make the statements unduly complex
and difficult to read.
I. Total Columns on Combined Statements
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 change
in financial position in conformity with generally acc�?te�?
accounting principles. Neither is sucn data comparable to a
consolidation. Interfund eliminations have not been made in
the aggregation of this data.
-33-
CitY of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 1: Summar uf Si�nificant Accountin� Policies(continued)
J. Property Tax
The City Council annually adopts a tax levy and certi-
fies it to the County for billing and collection prior to
November 15 of the preceding year. Taxes become an en-
forceable lien on the property on January 1. The County is
responsible for billing and collecting all property taxes
for itself, the City, the local School District and other
taxing authorities. These taxes are payable (by property
owners) by May 15 and October 15 of each calendar year.
They are collected by the County and remitted to the City
by approximately each subsequent July 15 and December 15.
Additionally, delinquent collections are remitted to the
City with each settlement. The City has no ability to
enforce payment of property taxes by property owners. The
County possesses this authority.
Taxes payable on homestead property (as defined by
State Statutes) are partially reduced by a homestead credit.
This credit is paid to the City by the State in lieu of
taxes levied against homestead property. The State remits
this credit in six equal installments in July through
December each year.
The City recognizes property tax revenue when it be-
comes both measurable and available to finance expenditures
of the current period.
K. Special Assessments
Special assessments are levied against the benefited
properties for the assessable costs of special assessment
improvement projects in accordance with State Statutes. The
City usually adopts the assessment rolls when the individual
projects are complete or substantially complete. The
assessments are collectible over a term of years generally
consistent with the term of years of the related bond issue.
Collection of annual installments (including interest) is
handled by the County in the same manner as property taxes.
Property owners are allowed to prepay total future install-
ments without interest or prepayment penalties.
The City recognizes special assessment revenue when it
becomes both measurable and available to finance bonded
debt.
-34-
City of Brookl,yn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1984
Note 1: Summary of Si�nificant Accountin� Policies(continued)
K. Special Assessments(continued)
Once a special assessment roll is adopted, the amount
attributed to each parcel is a lien upon that property until
full payment is made or the amount is determined to be ex-
cessive by the City Council or by court action. If special
assessments are delinq�ent for a State Statute-determined
number of years, the property is subject to tax-forfeit sale
and the first proceeds of that sale (after cost, penalties,
and expenses of sale) are remitted to the City in payment of
delinquent special assessments. Generally, the City will
collect the full amount of its special assessments if not
adjusted by City Council or court action. Accordingly, no
allowance for potentially uncollectible assessments has
been provided.
L. Local Government Aid
Local government aid is provided to the City by the
State as a shared tax based upon a statutory formula and
without spending restrictions. Payment from the State is
generally received during each calendar year for that 1
calendar ear. T r co nizes local overnment aid
he Cit e
Y Y g g
revenue when it becomes both measurable and available to
finance current operations.
M. Grants
The City receives various Federal, State and other
grants, the purpose of which is to fund specific City ex-
penditures.
The City also receives Federal Revenue Sharing and
other general purpose grants. These grants are recognized
as revenue in the period to which the grant applies (See
Note 10).
N. Severance and Vacation P� Policies
The City pays employees severance pay upon termination
of employment based on accumulated sick leave and accrued
vacation. Accruals are stated in the various funds.
-35-
Cit,y of Brookl,yn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1984
Note 2: Chan�es in Lon�-Term Debt
The following is a summary of bond transactions of the
City for the year ended December 31, 1984�
Debt Public Special
Service Utilities Assess.
Fund Fund Fund Total
Bonds payable-
January 1 $3,730,000 $400,000 $3,855,000 $7,985,000
Bonds issued 0 0
Bonds retired (255,000) (40,000) (650,000) (945,000)
Bonds Payable-
December 31 $3,475,000 $360,000 $3,205,000 $7,040,000
$788,917 is available in Debt Service Funds for payment
of General Obligation Bond principal and interest.
In addition to the bond transactions, sick and vacation
accruals increased from $259�523 in 1983 to $274,620 in
1984 and assessments on City property decreased from
$161 ,685 in 1983 to $93,534 in 1984•
General Obligation Bonds
General Obliga�ion Bonds are recorded in the General
Long-Term Debt Group of Accounts and are backed by the full
faith and credit of the City.
Special Assessment Bonds
These bonds are recorded as a liability in the Special
Assessment Funds and are payable primarily from special
assessments levied and collected for local improvements.
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 retire out-
standing bonds.
-36-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1984
Note 3s Public Utilities 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
for 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 l0e of the issuing resolution,
an analysis of each account balance appears as follows:
Construction Account
Proceeds of bond sale $1,000,000
Add: Investment earnings through 1983 388,116
1984 Investment earnings 7,044
Total Investment Earnings 395,160
$1,395,160 I
Deduct: Construction expenditures thru 1983 $�,274,936
Total construction expenditures 1984 85,449
Total Construction Expenditures �1,360,385
Construction Account Balance: 34 ,775
Debt Retirement Account
Accumulated amounts set aside to meet 1984
requirements for interest and principal:
Investments with accrued interest 60,245
Reserve account investments 75,000
Total Debt Retirement Account: 135
-37-
Citx of Brooklyn Center
NOTES TO FINANCIA'L STATEMENTS
December 31, 1984
Note 3: Public Utilities Fund(continued)
A summary which reconciles restricted assets with
earnings and also compares appropriated earnings with
restriction requirements as set forth by the resolution
authorizing the sale of revenue bonds is presented as
follows:
Revenue
Construction Bond Reserve
Account Account Account
Restricted Assets 12/31/84 $135,245 $60,245 $75 ,000
Appropriated Earnings at
12/31/84 $135,245 $60,245 $75,000
All bonds which mature on January 1, 1982 or thereafter
are subject to redemption (call) on January 1, 1974 or any
interest payment due thereafter in inverse-numerical order
at par and accrued interest and premium as follows:
If redeemed January 1, 1981, or thereafter, no premium.
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves
Pursuant to enacted legislation (Metropolitan Sewer Act-
Chapter 449 Session Laws) the Metropolitan Waste Control
Commission, as of January 1, 1971, assumed ownership of all
existing interceptors and treatment works needed to imple-
ment a comprehensive plan for the collection, treatment, and
disposal of sewage in the seven county metropolitan area.
Under the terms of the Act, the Commission is obligated
to reimburse each local government for the cost of facili-
ties acquired. This cost or purchase price of facilities is
based on depreciated replacement cost value as of December
31, 1970, as determined by cost analysis and engineering
studies. This current value receivable is to be paid by the
Metropolitan Waste Control Commission over a period of 30
years and the amount will earn interest at an annual rate of
4%• The method of payment will be by right of offset. The
City will apply each annual installment against sewer
service charges as billed by the Metropolitan Waste Control
Commission annually.
-38-
I
i
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves(continued)
The installment credit for 1984 consisted of principal
and interest and the amount of credit offset against 1984
sewer service billings totaled $10,508, leaving a balance
due over the next 20 years of $208,085 as adjusted by the
M.W.C.C.
Note 5: Special Assessment Funds
Special assessments which related to improvements bene-
fiting City-owned properties total $93,543 as of December
31, 1984. The payment for these improvements (with no
interest charge) has been scheduled over a period extending r
through 1987. These assessments are obligations of the
general fund and payment is planned under normal budget
procedures, whereby the needed monies will be appropriated
during the years as each installment becomes due.
Note 6: Pension Plans and Pension Funds
The City participates in two pension plans as follows:
1. All City employees, with the exception of volun-
teer firemen, who have a separate plan, are covered by
the Public Employees� Retirement Plan. This plan is
administered by an independent agency of the State of 1
Minnesota and is the central plan for employees of
governmental units within the State of Minnesota. The
City contributes, on behalf of its employees, 5•5� to
12� ($248,705 for 1984) of its employees' salaries to
this plan and part of that contribution covers previ-
ously unfunded amounts. The City contributed $139 ,694
for 1984 to the Public Employees' Retirement Plan for
FICA.
Actuarial Valuations of Plan Benefits are as follows:
i (Per PERA report of 6/30/84)
a. P7innesota Statutes, Section 356.215, Subd. 4, pro-
vides that actuarial valuations of plan benefits shall
be computed in accordance with the entry age normal cost
(level normal cost) method. In the calculation of
normal cost and accrued liabilities of the benefit plan,
the actuary uses a 5 percent interest rate assumption
and assumes an annual growth rate of 3-1/2 percent in
member's salary. I
-39-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 6 Pension Plans and Pension Funds(continued)
b. The unfunded accrued liabilities of $611 ,613,305 in
the Public Employees' Retirement Fund and $23 in
the Police and Fire Fund as of June 30, 1984 are the
amounts by which reserves required to fund plan bene-
fits exceed the assets of the funds. In addition to the
level normal cost, the actuarial calculations included
the amount of additional annual contribution which
would be required to retire the current unfunded accrued
liability by June 30, 2009.
PERA is a state-wide contributory retirement plan
for which an individual City's portion of the unfunded
liability is not available because no city is directly
liable for an unfunded liability under Minnesota law.
c. Pension benefits are funded from member and em-
ployer contributions and income from investment of
fund assets. Public Employees Retirement Fund members
belong to either the Basic or Coordinated P1an. Co-
ordinated members are covered by Social Security and
Basic members are not. All new members of the Public
Employees Retirement Fund must participate in the
Coordinated Plan. Current contribution rates for the
funds are as follows:
Unfunded
Additional
Employee Employer Employer
Public Employees Retirement Fund:
Basic Plan 8% 8�b 2 1/29�
Coordinated Plan 4� 4� 1/4�
Police and Fire Fund 8% 12%
The above disclosures are not in accordance with Financial
Accounting Standard #36. The required information is not
available because the Association is not required to report
under ERISA.
-40-
City of Brookl,yn Center
NOTES TO FINANCIAL STATEMENTS
December 31 1984
Note 6: Pension Plans and Pension Funds(continued)
2. The City contributes to the Brooklyn Center Fire-
men's Relief Association, an independently administered
retirement plan for the City's volunteer firemen. The
benefits of this plan are established by the Minnesota
Legislature and the financing of the plan is provided
for by a state tax on fire insurance premiums and the
City's ad valorem tax. Actuarial studies of retire-
ment needs are made periodically to determine the con-
tributions to the Association. The Association had an
unfunded accrued liability of $241,511. The City re-
mitted $23,807 to the Association in 1984• The City
also transmitted a State Aid payment in the amount of
$54,776.
Note 7: Investment Trust
The Investment Trust was established in 1956 by Council
action to provide a uniform and consistent method of in-
vesting temporary surpluses of cash. Net income of the
Trust is distributed annually to each of the participating
funds on the basis of the average yearly investment main-
tained by each fund. The net income and the effective rate
of return on average investment by participating funds is
shown below by years.
Rate of Net
Year Return Income
1984 11.129� 2,097,598
1983 10.339� 1,791,694
1982 11 .34� 1,846,622
1981 11.05� 1,622,451
1980 8.87� 1,156,460
�979 8.45� 978,180 1
1978 7.669� 766,349
1977 7.11� 637,855
1976 6.86� 592,363
1975 7.15% 554,696
1974 7.66� 503,710
1956-1973 2.77�-6.66� 2,119,600
Total Distributed Earnings 1956 1984 $14
-41-
City of Brookl n Center
NOTES �0 FINANCIA� STATEMENTS
December 31, 1984
Note 8: A enc Fu
y nds
The Brooklyn Center Housing and Redevelopment Authority
is no longer considered a separate entity from the City.
The City administers the Authority as a Special Revenue
Fund of the City. The Brooklyn Center Fire Relief Associa-
tion is a totally separate entity from the City and is con-
sidered an agency account.
Note 9 Interfund Receivables and Payables
Individual in
terfund re i a
ce v ble and a able bal
p y ances at
December 31, 1984 were as follows:
Inter-Fund Inter-Fund
Fund Receivables Payables
General 32,505 2,481
Community Development Block Grant 132,753
Capital Projects 269,413 399
Municip�l State Aid for Construction Fund 6,
Special Assessmen�s 9,020 161,487
Municipal Liquor 2,543
Public Utilities 25,702 164,376
Housing and Redevelopment 132,753
Federal Revenue Sharing
Diseased Tree 2,448 865
471,841 471,841
Inter-Fund Transfers
In
Out
Operating Transfers:
General Fund 330,452
Federal Revenue Sharing ��7�g�g
Community Development Block Grant 387
Capital Projects Fund 2,013
Municipal State Aid for Construction 3 ,495 132,205
Special Assessments 42,760 1,881,612
Municipal Liquor 100,000
Housing and Redevelopment 335,461
State Aid Street Bonds Debt Service 89 ,445 3,495
LAWCON 93,218
Public Utilities 9�gg�
�2,825��83_ $2,825�483
-42-
City of Brooklyn Center
NOTES �0 FINANCIAL STATEMENTS
December 31 1984
Note 10: Special Revenue Funds
Federal Revenue Sharing grants for the year ended
December 31, 1984, by the entitlement period are as
follows:
Entitlement Period/Quarter Amount
1 5 2,3, $118,
�6 1 41,179
$160,081
Note 11: Continpent Liabilities
The City participates in a number of federally assisted
grant programs, principal of whi�h are the General Revenue
Sharing, Community Development Block Grant, and Local
Public Works programs. These programs are subject to pro-
gram compliance audits by the grantors or their representa-
tives. The audits of these programs for or including the
year ended December 31, 1984, have not yet been conducted.
Accordingly, the City's compliance with applicable grant
requirements will be established at some future date. The
amount, if any, of expenditures which may be disallowed by
the granting agencies cannot be determined at this time,
although the City expects such amounts, if any, not to be
ma�erial.
Note 12: Chan�es in Fixed Assets
General Fixed Assets
Balance Balance
January 1, Acqui- December 31,
1984 sitions Disposals 1984
Land 1,032,527 83,696 1,116,223
Buildings 4,459,124 72,659 4,531,783
Park properties 2,783,004 899,293 3,682,29?
Furniture 385,783 1,900 387,683
Departmental equipment 2,588,350 238,494 2,826,844
Storm sewers streets 12,551,191 197,626 12,748,817
Total General Fixed
Assets $23,799,979 $1,493,668 -0- $25,293,647
-43_
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 12: Changes in Fixed Assets(continued)
U�ility Plant in Service
Balance Transfers Balance
t January 1, and December 31,
1984 Additions Disposals 1984
Water Department
Mains and lines 6,067,970 $821,111 6,889,081
Structures 1,748,766 103,750 1,852,516
Equipment 166 ,183 9,877 176,060
Land 24,816 24,816
TOTAL WATER DEPARTMENT 8,007 $934 ,738 $-0- 8,
Sewer Department
Mains and lines 4,882,462 315 4,882,777
Structures 793,659 146,940 940,599
Equipment 166,183 9,876 176,059
Land
TOTAL SEWER DEPARTMENT 5,842,304 $157,131 $-0- 5 ,999,435
Construction in
Progress 707,382 -0- $707,382
TOTALS $14 ,557,421 $1,091,�69 $707,382 $14,941,908
Liquor Fund Fixed Assets
Balance Balance
January 1, December 31,
1984 Addition5 Disposals 1984
Land 5,89s 5,898
Equipment 135,677 1,979 137,656
Leasehold 56,197 56,197
TOTALS $__1 $__-0-__ $___199
-44-
I
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 13: Sunmary of Debt Service Requirements to N�turity
General Obligation Ceneral Obligation
General Obligation Bonds Special Assessment Bonds State-Aid Street Bonds Water Revenue Bonds Debt Service Requirement
Year Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest
1985 195,000 224,595 440,000 238,575 60,000 26,070 45,000 13,991 740,000 503,231
1986 215,000 210,458 325,000 210,935 60,000 22,140 45,000 12,285 645,000 455,818
1987 275,000 t93,339 315,000 189,795 60,000 18,165 45,000 10,530 695,000 411,829
7988 300,000 173,483 300,OQ0 168,620 60,000 14,160 45,000 8,775 705,000 365,038
1989 325,000 151,833 280,000 147,480 60,000 10,125 45,000 7,020 710,000 316,458
1990 195,000 128,788 260,000 126,98A 60,000 6,075 45,000 5,265 560,000 267,108
1991 355,000 108,445 260,000 107,070 60,000 2,025 45,000 3,510 720,000 22t,050
I
1992 400,000 79�998 200,000 8$,150 45,000 7,755 645,000 169.903
I
1993 410,000 b8,968 175,� T1,387 585,000 120,355
1994 100,000 28,988 175,000 55,200
z�s,000 su,�s8
1995 100,000 20,588 175,000 38,488 275,000 59,076
1996 125,000 10,869 150,000 22,500 275,000 33,369
1997 60,000 2,700 150,000 7,500 210,000 10,200
M 3,055,000 r t,383,052 3,205,000 t,472,680 �420,000 98,760 360,000 63,j3� r 7,ouo,o0o 3,ot7,623
w� r r r
City of Brooklyn Center
NOTES fiO�INANCIAL STATEMENTS
December 31, 1984
Note 1 Addition
4 al Se�ment Information
Public Municipal
Utilities Liquor
Fund Fund Total
Tota1 Assets
$19,112,340 $356,408 $19,468,748
Net working capital 3,087,649 191,525 3,279,174
Total equity 18,553,256 234,968 18,788,224
Current Capital
Contribution 55,2�0 55,200
Note 15: Industrial Development Revenue (IDR) Bonds
Industrial Development Revenue Bonds are payable solely
from payments derived from a revenue agreement between the
Gity, as obligee, and a contracting party, as obligor, and
are not obligations of the issuing municipality within the
meaning of any constitutional or statutory provision, do
not give rise to any pecuniary liability of the City or its
officers, and are not a charge against the City's general
credit and/or taxing powers.
The City of Brooklyn Center has issued the following
Industrial Development Revenue Bonds:
Year Amount
Company Issued Issued
Medtronics, Inc 1979 $1 ,000,000
Minnesota Municipal Leasing
Corporation (LOGIS) 1979 800,000
Cass Screw Machine Products 1979 750,000
Commercial Partners/Brookdale 1980 6,200,000
S S Real Estate (Swenson�s
Carriage House) 1980 750,000
Brookdale Office Park Partners 1g81 8,200,000
Shingle Creek Eleven Project 1g81 1,600,000
Federal Lumber 1981 1,000,000
Brookdale Corporate Center I 1981 8,100,000
Shingle Creek Development Company 1982 2,172,150
The following Industrial Development Revenue Bonds have
been approved, but not yet issued:
Brookdale Corporate Center II $8,7g0,000
-46-
Cit� of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Piote 16s Commitments
1. The City expects all contracts to be completed within
one ear.
Y
2. Liquor Fund lease commitments for rental are as follows:
Store #1 lease requires payments of $1 per month,
lus ass-throu h ex enses and continued
P P P
g
through July 31, 1985• Current payments total
$2,167.08 per month.
Store #2 is City-owned.
Store #3 lease requires payments of $1 per month,
plus pass-through expenses, and continued
through December 31 1985 Current payments
total $1,762.83 per month.
Note 17: Reserves
1. Restricted assets reserve of $312,31g consists of Metro
Waste Control Commission receivab2es ($208,085) and deferred
assessments ($104,234)'not available for current use.
2. Debt retirement reserve of $135 is required by bond
indenture.
3. Constructipn reserve ($34, 775) is the unused portion of
bond proceeds and interest earned on the proceeds.
4. Working Capital reserved by Council ($620,000).
5. Plant expansion reserved by Council ($4,000,000).
6. Subsequent year appropriations ($20,566) are unused ap-
propriations reappropriated the succeeding year and also
may include fund balance amounts appropriated to budget for
succeeding year.
7. Inventories and prepaid expenses are reserved in the
General Fund ($208,367).
Note 18: Deficit Fund Balance
Deficit balances exist in the following funds:
Fund Amount
Special Assessments 1976 (10,929)
1982 (1,422,445)
Construction (237,335)
In all these funds, the collection of special assessment
levies are expected to exceed fund deficits.
-47-
CITY OF BROOKLYN CENTER
NOTES TO FINANCIAL STATEMENTS
December 31, 1984
Note 19: Sco e of the Reportin� Entity
This report includes all of the funds and account groups of
the City. It includes all activities considered by the
U.S. Bureau of Census to be part of (controlled by or de-
pendent on) the City. The Housing and Redevelopment Au-
thority (HRA), although governed by Commission members who
are also City Council members, is considered by Census to
be a separate government because: (1) it is�an organized
entity; (2) it has governmental character; and (3) it is
substantially autonomous. However, audited financial
statements for the HRA are included in this report since
the City receives and disburses funds for the HRA. Inde-
pendent School District Nos. 286 (Earle Brown), 279 (Osseo),
281 (Robbinsdale), and 11 (Anoka) are totally or partially
located in Brooklyn Center and provide secondary education
services to s�udents within the corporate limits of
Brooklyn Center. These independent school districts are
governed by their respective school boards; therefore,
financial data applicable to them has been excluded from
this report. Independent School District No. 287
(Suburban Hennepin County Area Vocational Technical
Institute) financial data has also been excluded for the
same reason. State Aid insurance premium tax in the amount
of $54,776 and ad valorem taxes in the amount of $32,019
were receipted by the City and disbursed to the Volunteer
Firemen's Relief Association with the City acting in an
agency capacity. This report includes all other activities
considered to be a part of, and controlled by, the City of
Brooklyn Center.
Note 20: Excess of Actual Expenditures Over Bud�et in Individual
Funds
The following funds had an excess of actual expenditures
over Budget for the year ended December 31, 1984:
Fund Budget Actual Excess
Disesed Tree Removal $50,000 $50,064 64
-48-
City of Brooklyn Center, Minnesota
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 shall provide for a General Fund for the payment of
such expenses of the City as the Council may deem proper, and such
other funds as may be required by statute, ordinance or resolution".
The General Fund was established to account for all revenues and
expenditures which are not required to be accounted for in other
funds. It has more diverse revenue sources than other funds. These
revenue sources include property taxes, licenses, permits, fines and
forfeits, intergovernmental, service charges, rents, and investment
interest earnings. The Fund�s resources also finance a wide range of
functions, including the current operations of general government,
public safety, public works, health and welfare, recreation, and
unallocated general expenditures..
Revenues and expenditures in this Fund are recognized on the modified
accrual basis. 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
i
City of Brooklyn Center A-1
General Fund
COMPARATIVE BALANCE SHEET
December 31, 1984 and 1983
Totals
-------198�-----------
ASSETS
Cash 635 635
Temporary investments 3,825,27� 3,313,602
Accounts receivable 15,117 9,277
Taxes receivable 252,044 234,750
Due from other flznds 32,505 502,085
Due from other $overnments 14,087 19,4�3
Inventory of supplies 73,99�+ 76,578
Prepaid insurance i3�,372 7,256
TOTAL 4,348,028 __4,163,626
LIABILITIES AND �'UND BALANCE
I,iabilities
N Accounts payable 93,120 138,63�I
Contracts payable 12,000 2,000
Due to other funds 2,�81 395
Accrued salaries payable 78,977 71,272
Acerued vacation and sick pay 54,924 51,905
Total Liabilities _2�41,502 ____26�+,206
Fund Balance
Reserved: For inventories and prepaid expenses 20$, 83,834
For subsequent-year appropriations 1�,887 39,735
Unreserved flznd ba.lance 3, 883 272 3, 775 851
Total Fund Balance 4,106,526 3,899,420
TOTAL LIABILITIFS AND FUND BALANCE N 4,348,028 4,163,626
(See notes to financial statements)
1
-49-
City of Brooklyn Center A_2
General Fund
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGFS IN
FUND BALANCE BUDGET (GAAP BASIS) AND ACTUAL
Year Ended December 31, 198�4
With Comparative Actual Amounts for the Year Ended December 31, 1983
1984
Actual Over
or Under( 1983
Budget Actual Budget Actual
Revenues
Ad valorem taxes 2,426,771 2,407,352 -19,419 2,133,859
Licenses and permits 228,42� 296,667 68,243 328,019
Intergovernmental 2,329,95� 2,524,494 19�,540 2,459,133
Charges for services 882,055 919,796 37,741 859,928
Court fines 145,000 158,823 13,823 154,812
Miscellaneous 190,720 337,201 1�16,�481 24�I,433
Total Revenues 6,202,92�+ 6,644,333 441,409 6,180,184
Expenditures
General government 1,212,560 1,112,173 -100,387 1,05�,064
Public safety 2,144,295 1,985,108 -159,187 1,875,122
Streets and highways 1,472,955 1, 383,039 89,916 1,288,081
Com�unity and health services 31,282 30,�37 -845 28 ,663
Parks and recreation 1,406,528 1,319,298 -87,230 1,268,907
Non-Departmental 328,044 337,624 9,580 91,953
Total Expenditures 6,595,664 N 6,167,679 M_ -l►27,985 N 5,606,790
Excess or Deficiency( of
Revenues Over Expenditures -392,740 �+76,654 869,39�+ 573,39�
Other Financing Sources or Uses(-)
N Operating transfers in 392,7�+0 330,452 -62,288 489,111
Total Other Financin�
Sources or Uses(-) 392,7�+0 330,452 -62,288 489,111
Excess or Deficiency( N of Revenues
and Other Financing Sources Over
Expenditures and Other Uses 0 807,106 807,106 1,062,505
Fund Balance January 1 3,899,420 3,899,420 0 2,836,915
Residual transfers:
To Capital Projects Fund -600,000 -600,000 0 0
Fund Balance December 31 3,299,�420 4,106,526 807,106 3 899 420
See notes to financial. statements)
-50-
City of Brooklyn Center S-1
General Fund
SCHEDULE OF REVENUE BUDGET AND ACTUAL (Continued next page)
OBJECTIVE CLASSIFICATION
For the Year 1g8� with Comparative Actual for 1983
1984
Actual Over
or Under( 1983
Budget Actual Budget N__ Actual
Ad Valorem Taxes
Real Estate taxes' 2,376,771 2,376,771 0$ 2,090,470
Penalties and interest 50,000 30,581 19 ,��9 �+3 ,389
Total Ad Valorem Taxes 2,426,771 �2,�07,352 _2,�33,859
Licenses and Permits
��Liquor and�beer 99,020 108,753 9,733 108 ,172
Building permits 40,000 76,600 36,600 84,032
Meehanical permits 15,000 23,597 8,597 2�,764
Electrical permits 12,000 15,971 3,971 18,831
Food licenses 11, 13 ,806 2,506 15,210
Plumbing permits 6,000 8,u11 2,411 19,770
Rental dwelling permits 10,000 11,809 1,809 9,631
Sewer and water permits 4,000 3,988 -12 10,150
Dog licenses 3,500 6,191 2,691 6,163
Swim�aing pool licenses 2,550 2,792 242 2,880
Service station licenses 1,995 1,766 229 2,363
Mechanical licenses 2,500 2,737 237 2���3
Miseellaneous business license 1,350 1,301 -49 1,405
Garbage licenses 1,220 1,264 44 1,105
Vehicle dea.ler licenses 900 973 73 900
Cigarette licenses 900 763 137 869
Sign permits 1,500 1,672 172 2,800
Taxicab licenses 500 659 159 1,000
Bowling licenses 700 700 0 976
Lodging establishments 489 �+56 33 �56
All other licenses and permits 13,000 12,458 -542 14,099
Total Licenses and Permits 228,424 296,667 68,243 328,019
Intergovernmental-
Federal grants:
Miscellaneous small grants 18,510 2,096 -16,414 8,70b
Total Federal Grants 18,510 2,096 -16,414 8,704
State grantss
Miscellaneous small grants 0 4,640 �4,640 6,786
Total State Grants 0$ 4,6�+0 4,640 6,786
-51-
City of Brooklyn Center S-1
General Fund
SCHEDULE OF REVFNUE BUDGET AND ACTUAL (Continued next page)
QBJECTIVE CLASSIFICATION
For the Xear 19$4 with Comparative Ac�ual for 1983
1984
T�T������� N�TIw1���������������������
Actual Over
or Under(-) 1983
Budget Actual Budget Actual
In�ergovernmental (continued)
State shared taxes:
Local government aid 1,5�6,155 1,742,535 196,380 1,627,078
Reduced assessments 0 0 14,�+17
Homestead credit aid 639,289 639�289 0 671,223
Fixed machinery tax 0 0 1,371
Police pension aid 74,000 81,158 7,158 77,698
Firemen pension aid 52,000 5u,776 2,776 51,856
N.__-------
Total State Shared �'axes 2, 311,�444 2,517,75$ 206,314 2,443,643
Total Intergovernmental�Rev. 2,329,954 �2,524,49�1 194,5�+0 2,�+59,�33
(�arges for Services
Inter charges Admin.:
Public Utility Fund 140,055 143,b03 3,548 107,269
Liquor Fund 37,531 37,798 267 36,072
Other Funds 14,274 2,63�4 -11,640 1,785
Engi.neering and clerical fees 120,000 102,907 17 ,093 144,
General government charges 19,280 41,579 22,299 32,59$
Public safety charges 3,000 8,607 5,607 13,523
Recreation fees 547,915 582,668 34,753 524,317
1NM����1 ����T�M�M
Total Charges for Services 882,055 919�796 37,7�1 $59,92$
Court Fines
Fines 145,000 158,823 13,823 154,812
Total Court Fines 145 000 158 823 13,823 15�,812
Miscellan�;ous
Rent 10,000 18,049 8,Ob9 9,685
Interest on investments 150,000 267,264 117,264 173,126
Other 30,720 51,888 21,168 64,222
Total Miscellaneous 190,720 N 337,201 146,481 247,033
Total Revenue 6,202,924 6,64b,333 441,409 b,182,78�+
_52_
City of Brooklyn Center S=1
General Fund
SCHEDULE OF REVENUE BUDGET AND ACTUAL (Continued from prior pa.ge)
OBJECTIVE CLASSIFICATION
Far the Year 1984 with Comparative Actual for 1983
1984
Actual Over
or Under(-) 1983
Budget Aatual Budget Actual
Other Financing Sources
�T�T��
Operating transfers in 392,740 330,452 -62,288 486 ,511
Total Other Saurces _392,740 ____330 ____-62,288 ____�86
Total Revenue and Other Sources __6,595,664 6,97�,785 ____379 __6,669,295
(See notes to financial statements)
i
I
1
1
1
1
1
-53-
City of Brooklyn Center s_2
Genera.l Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended Dee�nber 31, 198b
With Comparative Actual Amounts for the Year Ended December 31, 1983
------------------------198�-------------
Aetual Over
or Under(-) 1983
N__ �udget Actual N__ Budget Actual
General Government
Mayor and Council:
Personal services 24,881 18,121 -6,760 17,892
Services and other charges 37,923 33,553 4,370 2�,373
Total Mayor and Council 62,804 51,674 N -11,130 �42,265
Charter Corrnnission:
Services and other charges 1,500 284 -1,216 359
Total (�arter C�ranission ______1,500 M_____ 284 ______1,216 T_______
Administrative Office:
Personal services 218,800 203,302 -15,�198 185,865
Services and other charges 21,100 12,207 -8,893 16,317
Ca.pital outlays 8,�464 8,528 64 8,833
Total Administrative Office 2�48 22�,037 2b,327 211,015
Elections and Voter Registration:
Personal services 6,3�1 6,�421 80 3,952
Services and other charges 19,770 16,79b -2,97� 5,696
Total Elections 26,111 23,217 -2,89� 9,648
Assessor's Office:
Personal services 135,576 121,783 -13,793 112,693
Supplies 2,735 1,19�+ 1,541 963
Services and other charges 6,987 4,9�t8 -2,039 4,478
Capita.l Outlay 1,650 1,652 2 838
Total Assessor's Office 146,948 129,577 17,371 118,972
Finance
Personal services 218,��2 207,757 10,685 189,397
Services and other charges 915 9�5 30 825
Capital outlay 925 -925 5�1
Total Finance 220,282 208,702 -11,580 190,763
-54-
City of Brooklyn Center S_2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended December 31, 1984
With Comparative Actual Amounts for the Year Ended December 31, �983
198
Actual Over
or Under( 1983
Budget Actual Budget Actual
General Government (continued)
Independent Audit:
Services and other charges 18,000 8,177 -9,823 10,083
Total Independent Audit 18,000 8,177 -9,823 10 08
Legal:
Services and other charges 132,605 127,003 -5,602 13�,217
Total Legal 132,605 ____127,003 ______5,602 ____134,217
Government Buildings:
Personal services 185,069 169,338 -15,731 161,082
Supplies 19,900 26,547 6,647 18,388
Services and other charges 122,400 114,270 8,130 100,551
Ca.pital outlay 28,577 29,3�7 770 56,721
Total Government Buildings 355,9�6 339,502 -16,44� 336,742
Total General Government 1,212,560 1,112,173 __1,05�,064
Public Safety
M Police Protection:
Personal services 1,�455,126 1,388,197 -66,929 1,317,415
Supplies 29,173 25,373 -3,800 16,832
Services and other charges 128,504 91,924 104,614
Ca.pital outlay 38,520 32,448 -6,072 51,306
Total Police Protection N 1,651,323 N 1,537,9�2 -113,381 1,�490,167
Fire Protection:
Personal services 77,509 55,522 -21,987 124,360
Supplies 11,509 13,32�4 1,815 7,862
Services and other charges 108,391 98,253 -10,138 17,�423
Ca.pital outlay 25,685 25,536 149 10,406
----22--0-� ----1-2-6--
Total Fire Protection 3, 9 9, 35 30 459 160 051
Protective Inspection:
Personal services 173,502 167,204 6,298 158,417
Supplies 750 350 -400 708
Services and other char�es 12,35� 11,533 -821 9 ,898
Capital outlay 350 183 -167 2,201
Total Protective Inspection 186,956 179,270 -7,686 171,224
------55---
City of Brooklyn Center S-2
General Fund
SCHEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended December 31, 198�4
With Comparative Actual Amounts for the Year Ended December 31, 1983
198�t
------------------------------Actual Over
or Under(-) 1983
N__ Budget M__ Actual Budget Actual
Publie Safety (continued)
F�nergency Preparedness
Personal serv�,ces 39,543 38,334 -1,209 3�,426
Supplies 465 461 -4 1�8
Services and other charges 8,289 5,100 -3,189 6,146
Capital Outlay 12,250 12,240 -10 1,294
Total Emergency Preparedness 60,547 56,135 -4,412 42,01U
T Animal Control:------------
Services and other charges 22,375 1g,126 -3,249 11,666
Total Animal Control 22,375 19,126 24 11,666
Total Public Safety 2,144,295 __1,985 __1,875,122
Public Works
N Engineering Department:
Persona.l services 316,434 295,048 -21,386 271,130
Supplies 4,500 2,631 -1,869 �,331
Services and other charges 4,950 1,851 -3,099 2,697
Ca.pital outlays 8,840 2,589 -6,251 3,991
Total Engineering 334,72� 302,119 -32,605 282,149
Street De artment:
P
Personal services 408,170 404,259 -3,911 385,83�+
Supplies 181,700 118,76�4 -62,936 126,820
Services and other charges 5,250 57,572 52,322 1,050
Ca.pital Outlay 47,200 43,723 -3,477 66,920
Total Street 642,320 62b,318 -18 002 580 624 e
Maintenance Shop:
Personal services 120,381 113 -6,682 107,052
Supplies 171,800 146,621 -25,179 �35,4�►3
Services and other charges 29,500 44,187 14,687 38,307
Capital Out],ay 7,420 7,012 -408 902
Tota1 Maintenance Shop 329,101 311,519 -17,582 281,704
Traffic Signals and Lights:
Supplies 900 �t7 -853 35
Services and other charges 165,910 ____145,036 -20,874 143,569
Total Traffic Signals 166,810 145,083 -21,727 143,604
Total Public Works 7,955 1,383,039 89,916 1,288,081
--1 4 2
-56- I
City of Brooklyn Center s_2
General Fund
SCI�DULE OF EXPENDITURES CON�'ARED TO BUDGET (GAAP BASIS)(Continued next page)
For the Year Ended Dec�nber 31, 1984
With Comparative Actual Amounts for the Year Ended December 31, 1983
1984
Actual Over
or Under(_) 1983
Budget Actual Budget Aetual
Community Health Services
Health Regulation:
Services and other eharges 31,282 3Q,437 -845 28,663
Total Health Inspection 31,282 30,437 845 28 66
Total Community Health 31,282 30,437 845 28,663
Parks and Recreation
Administration:
Personal services 181,845 171,630 -10,215 161,455
Supplies 5,400 2,806 2,59� 5,077
Services and other cha.rges 21,900 16,611 -5,289 13,901
Capital outlay 8,250 8,874 624 7,392
Total Administration 217,395 199,921 -17,47�4 187,825
Adult Programs:
Personal services 20, 00 28,405 7,905 1,000
Supplies 20,855 37,�05 16,550 28,804
Services and other charges 120,8�+6 97,263 -23,583 110,666
Tota1 Adult Programs 162,201 163,073 872 140,470
Teen Programs:
Personal services 2,100 3,181 1,081 1,571
Supplies 295 761 466 605
Services and other charges 3,750 2,038 -1,712 1 568
Total Teen Programs 6,145 5,980 165 3,7�+�
Children's Pro�rams:
Personal services 25,723 23,190 -2,533 22,188
`Supplies 6,869 7,664 795 6,881
Services and other eharges 13,580 14,690 ____1,110
Total Children's Programs 46,172 N 45,544 -628 40,327
-57-
City of Brooklyn Center S_2
General Fund
S(�iEDULE OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS (Continued from prior
For the Year Ended Dec�nber 31, 1984 pa.ge)
With Comparative Actual Amounts for the Year Ended December 31, 1983
1984
Actual Over
or Under(-) 1983
Bud et Actual Budget Actual
Parks and Reereation (continued)
General Programs:
Personal services 24,100 21,101 -2, 21,231
Supplies 4,035 8,967 4,932 1,925
Services and other charges 37,579 38,931 1,352 30,249
Total General Programs 65,714 68,999 3,285 53,405
Com�nunity Center
Personal services 170,800 185,821 15,021 165,�43
Supplies 30,600 48,829 18,229 33,596
Services and other char�es 144,400 128,227 -16,173 120,002
Capital outlay 39,9b0 24,591 -15,369 36,632
Total Community Center 385,760 387,468 1 708 355 673
Park Maintenance:
Personal services 356,826 294,016 -62,810 325,985
Supplies 40,400 �t0,717 317 40,366
Services and other charges 56,700 48,631 -8,069 37,602
Ca.pital outlays 69,215 64,9�9 -�+,266 83,510
Total Maintenance 523 ,141 448,313 -7�,828 487,463
Total Parks and Recreation 1,406,528 1,319,298 -87,230 1,268
Non-Departmental
N �Expenditures not Charged to
Departments:
Persona.l services 72,000 124,564 52,564 55,701
Supplies 17,000 16 ,349 -651 15,245
Services and other charges 220,464 179,022 -41,4b2 21,007
Capital Outlay 18,580 17,689 -891 0
Total Non-Departmental 328,0�44 337,624 9,580 91,953
Total Expenditures 6,595,664 6,167,679 -427,985 5,606,790
(See notes to financial statements)
-58-
City of Brooklyn Center, Minnesota
SPECIAL REVENUE FUNDS
The Specia 1 Revenue Funds were estab 1 ished to account for revenues
derived from taxes and/or other specific revenue sources. The Fund's
resources are usually restricted by statute, City Charter or ordinance
to finance specific City functions or activities.
Revenues and expenditures in this fund are recognized on the modified
accrual basis. 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.
Federal Revenue Sharin� Fund: This Fund was established to account
for funds received under�the "State and Local Fiscal Assistance Act of
1972'� as amended in 1976.
Anti-Recession Fiscal Aid Fund: This Fund was established to account
for funds received under "Title II of the Public Works Employment Act
of 1976'�
I Public Em�lo�ees Retirement Fund: This Fund was originally
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 Removal Fund: This Fund was established to account for
I the collection of resources and expenditure of these resources f or
diseased tree control.
LCMR and Lawcon Fund: This Fund was established to account for land
and water conservation funds received from federal and state grants.
Transfers are made f rom this Fund to the Capital Projects Fund where
accounting for project costs takes place.
Community Development Block Grant Fund: The Fund was established to
account for funds received under Title I of the Housing and Community
Development Act of 1974 Transfers are made from this Fund to the
Capital Projects Fund where accounting for project costs takes place.
O�en Space Land Acquisition Fund: This Fund was established
account for funds received from federal, state, and county grants for
financial assistance for the acquisition of public open space lands
within the community.
Housin� and Redevelopment Authorit Fund: This Fund was established
�o accou� f'or tne Housing and Kedevelopment Authority (HRA) of
Brooklyn Center.
r r i
City of �rodclyn Oa�ter �1
Special f�ve�ae F1z�d.s
QNBIlVII�G B� 3�Ef
7tear FY�ded Iboerber 31, 1984
With Car�erative Totals ftr the Yaar �ded ibo�i� 31, 1983
Feda�a.l Anti- A�lic Diseased �aru�ty C�. �ar�e EYusirg aa�d
F�vez�e Aaoessirn Fhployees 'iY�ae L,Q'fft and I�velo�me'� I�d �develo�ma�t
s�rir,g Fisoal aia F�tir�analt I�oxa1 Lawoa� alnc�c cYant ncx�uistirn nurr�a�ity a9�u 1983
A.S4,'LS
Terporary irnashoa'its 61,506 2,737 577,292 1,996 74,009 3,188 181,Ta6 902,454 i,131,359
A000u�ts rec;eivable 10,018 10,018 694
Taxes t�ec3eivable:
L�f'ert�ed special �ts 11,790 11,790 14,244
S�ecial ass�na�ts 680 680 513
Ad valcren 2,484 2,484 3e999
L1ae fY+an flrds 2,448 t32r753 1�,201 482,519
LUe fYrm otl� gv✓s�ra�ts 41,1'l$ 335 13i1,063 175,576 225,4'T4
ZOtAt. AS'SELS f02,684 2,737 577,292 26,932 T4,344 134,063 3,188 316,963 1,?�8,z03 1�b58,T92
L.1ABII..T1�T At� FLrID BAtAN�
I
ln Liabilitias
Aooants pqyable 14,132 1,055 15,�6 31,013 8�53�
L1�e to ott�r f1�ds 865 132,753 t33,6t8 63T,1&I
L�f'ers�ed revave 11,790 11,7'90 14,2
Terperacy oaBtructim ]t�t D 91,047
Tota1 Liabiliti� 0$ 0$ 0 Z6,�$( 0 133,808 0 i5,825 176,421 751,005
Flnd Ba]arnes
R�ved 5,6T9 5,679 89,9'75
[Y�r�se^ved 97,005 2,737 577,292 145 74,3�W 3,188 3Dt,137 1,056,103 1,017,812
'Ibtal Elr�d �7� 102,68�! 2,737 5�7,292 145 74,344 2� 3,188 3D1,137 1,061,'�82 1,1OT,787
1UfAL I.IABII.IT� MID �ID BAtAN� 102,684 2,731 STl.� �b,932 74,344 134,Ob3 3,188 316,9b3 t�238,�3 1,858,792
(SeE D�CS YA fimmial ��,g)
I
aty of a�o��
S�ecial f�we�ae FLr,as
QP'BINIlV(i SfATF1"Fldf CF �.11E1QE5, F�fl�IDTlilf�, ADID Q�IA[S�5 1N FZI�ID BAt� (Qntinaed te�ct pAge)
Year IIided Deo��ber 31, 1984
With Osnparative 1bta13 fcr the Year II��ded Deoad�er 31, 1983
Fedaal �veue gerirg FLr�d Anti-Iboes.sim Fisoal Aid Ffx�d Ai�lic Hnployeas �tirara�t Flyd
p� Ova^ ae^
�hde�(-) Ik�der(-) tkrl�{-)
Bui�et Act�al Budget Budget Actual Hud� Bud�et Actial Bu�get
f�vaues
Tttta�guverrtns�rtal
Feaaai �ts ��o,oe� ibo,o�i o o o
r,�te�a,e�,ffi,ta� �bo,os> >6�i,o�� o$ o$ o o$ o� o 0
NHsoeLl�eais
irne�t m irrv�nazts 3D,000 33,540 3,540 2�0 7b0 60 Y�,aoo 58�842 3,�
Tatal Misc�e]lar,eas 3D,000 33,540 3,540 20o Zbo 6o Y��000 58,842 3,�
Total I�veYa� 79o,oBt t93�62t 3,54o eoo 2bo 60 �,000 58,842 3,�
Fkpe�ditau�es
O� F�asaal sevio� 0 0 'T8,6?a 78
O 75 '�5 0. 0 2,900 2,812
.88
I
1bka1 pcpadi,tu,es '�5 75 0 0 0 0 81,525 81,43T -88
Ekor�s cr Deficit(-) of 1�v�a,aas ovg^ Eicpe�ditares 19�,006 193�546 3�540 200 260 60 �1i,525 -,'2,595 3,930
Orhr Fir�cirg Saaroas cr U�
Operatirg transfers wt �27sr�6 �2T,818 50,648 0 0
Total OYha Firencirg Saro� a� i�es(-) �78,466 �ZT,818 50,648 0 0 0 0 0 0
Fkoess m Deficit( of A2vezae�s �d Sas'eea Over
�end�t�mas ard ott,a^tk�es -SB,46o 3�,2T2 54,a86 200 260 60 -26,5� -22,595 3�93D
FLnd 831arnes Janary 1 136�956 136,956 0 2,477 2,4'17 0 999,851 999,8g( 0
F1rd &�larnes Decad�a^ 31
�saved 5,679 5,679 0 0 0
ixa�aved 42,817 9'7,005 54,188 2,6TT 2,737 60 5T3,33Ea22 57'T,292 3,930
Total FLtrl �larn�s Daoanbe� 31 48,49b 102,684 54,186 2,6TT 2,73T b� 573,362 577,2gL 3r93�
w� �r w w� r w� r
�r r r r� r r
aty of o�- s.z
�ecial 1�ve�ae �1xds
O�SIldIIJG SfA1FM�Nf (F F�1lQ�[16, F7�II�IDTIUf�S, ADID QiA[�5 IN ELPID BALAN�S ((kntir�aed fYcm pricr pege)
Year F}�ded DeombEr 31, 1984
With Canparative lbtals fcr the Year FY�ded Deoed�er 31, 1983
Disea.9ed 1Y+ee I�mval F1rd LQ�R ard Lawrx�i Flx�i Qarm�il.ty Develapnait Bla:k Qant hlzd
Qrer Ove� Wa'
Ikda'�-) (kda�(-) [hde'�-)
Budget Actu�l Budget Bud�et Actual a.�dB'� Act�a1 Bu�t
�va'uas
7t�tsgwerrit�tal:
Feasal �►ts o$ 3,500 3,518 78 3a�,000 32�,587 i,587
Total intagove�rn�=nta1 o$ o 0 3,500 3�578 'l8 3Z0,000 321,5gf 1,567
azarg� fcr savioes:
Fe�s �5,000 43r702 -1�29i8 0 0
Administrativ�e 5,000 3,420 -1,580 0 0
1bta1 Qrirgas fcr Sa^vio� 50,000 47,171 �,$T8 0 0 0 0 0 0
Mi.scellar�eois
Int�t m irnr�oa�ts o 3,000 3,23T 23T o
Other 2,000 4,209 2,�79 0 0
N
Tbtal M[soel7aneo�s 2,000 4 2�ao9. 3�000 3,z3T 237 0 0 0
Tbtal �ve�rs 52,000 51,331 �69 6,500 6,815 315 32�,000 321,587 1,587
�i�
Se'vioes and utY�er ctr�rgas 50 50�064 64 0 7,000 br'769 -�i1
Total Dcpa�dit�mes 50,000 50,064 64 0 0 0 7,fl00 6,769 ��"i1
Eycaess m Deficit(-) of E�va�aes U+a Dcpa�dit�aes 2,000 1,267 =T33 6,500 6,815 315 313,000 314,818 1,818
I�her Eirnncirg Sas�� a� tzses(-)
�aticg trarBfers aut 0 �33,218 93,218 0 390,000 38T,135 2,865
Total Otha• Fir�encirg Saso� cr Usas(-) 0 0 0 �33,218 -93,218 0 390,000 3�ST,1� 2,865
F�roess cr Deficit(-) of F�vauss a�d Sast�as Ove-
F�it+u�as axl0ttya• Us�s 2,000 1,267 733 �6,718 �6,403 315 7'T,000 72,317 4,683
I Flyd II�il2rnes Jartary 1 -1,1?2 -1,122 0 160,747 160,747 0 72,572 72,572 0
FLrd &�larnes lboanber 31
�eved 0 0 0
Ura�+esaved 878 145 733 74,029 74,344 315 -4,428 4,683
Total Elr�d Ha]�mas Lboeri� 31 878 145 733 74,029 74,3 315 -4,428 4,b83
i
aty of a�yn m�te- �I
aNenau�c srn�rrr ���s, n�arorn�s, ar� a�nivc�s n ru� Bnur�s arnir,.�a pri�r
Year Ehded Deoed�a' 31, 19&4
Wittt �nparative lbtals fcr the Ye� FY�ded Deoa�er 31, 1983
C��a► S�ar;e L�'id Aoquisitim FLrd fk�irg a�d f�developoa3t Authcrity lbtals I
Over A+� Ove� I
tkide^( 1984 1984 CYida'( t983
Bud�et Actir�l Bu�get Bu�e� Ac�7.
j
0$ 61,751 61,']5t 0$ 61,751 61,751 0
7nte�we'rt�ntalo p 0 483,581 485,2�16 1,665 5W,93D
Feda'al �arrts
T�al Iiri:egovarniattal 0$ 0 0 61,751 61,751 0 545,332 546,9gf 1,665 504,93� I
Q�erges fcr savioes: 0 0 U5,000 43,70� -1,29g 17,298
FePs
pdninistxative 0 0 5,000 3�� -1,580 1,815
Total Q�arges fcr Sevices 0 0 0 0 0 0 50,000 47,122 �,878 19,113
Miscellar�eas
Int��t m inv�'►ts 300 319 19 6,000 6,605 G05 94r50o 102,803 8,303 1W,493
ptt�s^ 0 36�OOD 3z►r369 �i11 3I�000 38r598 1,598 284�381
1bta1 Misoel]ar�o4s 300 319 19 41,000 4o,q94 �i 131,500 141,401 9,9ot 3�8,874 i
o� 'ib�al.F�ve�aes 300 319 19 102,751 102,745 -6 'TZb,832 735�5� 8,688 912,917 I,
N
F�SpadiYA.II'aS I
Pa�scral s�via� 0 7,OOO 7,073 73 ��6�i �,696 73 7�677
Se�vioas ard oth� d�arg�as 0 Z65 3�i3,39'7 -1,�3 32��g15 3Zi -1,�8 661,549
Total pcpa�ditamas 0 0 0 ZT2,000 270,470 1,53D 410,600 408,815 1,785 669,?26
bco�ss ar DefYcit( of �ve'u� Ova• �cper�dit�u�es 300 319 19 1b9,�9 -167,7� 1,524 316,232 3z6,705 10,473 2
Ottr� Fir�ricing Sotaves ar ilses(
P.�:s of G.O. ba�d sale 913,700
Operatirg trarBfas in 0 335r� 335r461 461 3�,00� 335r461 461
pperatirg transfas axt 0 0 761,684 7oB,171 53,513 �T3,868
Total Orher Firencing Saaves a�i�es(-) 0 0 0 335,000 335,461 461 -426,684 3T2,710 53,9T4 -60,168
Dco�.cs cr I�ficit(-) of F�ve»es and Saaaes We^
Dg�ditruBS ard Othg' Us� 3D0 319 19 165,751 167�736 1,9e5 110,452 J16,005 64,447 183,�i
Ftx�d ffi.1�r� ,k�ary 1 2,869 2,869 0 133,401 133,401 0 1,107,7$( 1,107,787 0 924,Z64
���31
0 0 5,679 5,679 0 89,9'15
ikffasa ved 3,169 3,188 19 299,152 301,137 1,9� 991,656 1,056,103 6G,447 1,017,812
Total FLr�d �larr�s I�'ber 31 3,169 3,188 19 299,152 3D1,137 1,9� 997,3$ 1 r 061 r7�? 64,4!17 1� �07�787
(See r� to fYrencial statsarrts)
s■■ w� w� r �eww �i n�
Cit�y of Brooklyn Center, Minnesota
DEBT SERVICE FUNDS
The Debt Service Funds were established to account for the payment
(from taxes and other resources) of interest and principal on long-
I term, general obligation debt other than that payable from special
assessments and debt issued for an
d serviced primarzly by the City.
The Debt Service Funds are maintained on the modified accrual basis of
accounting. Revenues are recognized in the accounting period in which
they become available and measurable. Expenditures are recognized in
the accounting period in which the related liability is incurred.
The City's Debt Service funds included in this section are:
Park Bonds Debt Service Fund: This Fund was established to account
for the accumulation of resources for payment of principal and
interest on general obligation bonds authorized by the electorate in
1957 to finance various park improvements.
Library Bonds Debt Service Fund: This Fund was established to account
for the accumulation of resources for payment of principal and
interest on general obligation bonds authorized by the electorate in
1964 to finance the construction of the City Library. The Library was
sold to Hennepin County during 1969 and the proceeds of the sale are
used for making principal and interest payments. The taxes levied for
debt redemption have been cancelled.
General Obli�ation State Aid Street Bonds Debt Service: This Fund was
established to account for the accumulation of resources (which
include 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 which qualify as state aid routes.
1969 Buiidin� and Improvement Debt Service Fund: This Fund was
estabYished to account for the accumulation of resources for payment
of principa 1 and interest on genera 1 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.
Park Bonds of 1980 Debt Service Fund: This Fund was established to
account for the accumulation of resources for p�yment 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 1Vature Center, Shingle Creek
Trailway and the Arboretum.
General Obli�ation Tax Increment Bonds of 1983 Fund: This Fu�nd was
established to account for the accumulation of resources for payment
of principal and interest on genera� obligation bonds issued in 1983
to finance purchase of land and installation of utilities for housing
for the elderly.
City of Brooklyn Center
Debt Service Funds
COMBINING BALAN(� SHEET
December 31, 1984
With Comparative Totals for December 37, 1983
State Aid Improvement Park G.O. Tax Incre- Totals
Park Library Street Building Bonds ment Bonds
Bonds Bonds Bonds Bonds of 1980 of 1983 1984 1983
ASSETS
Temporary investments 169,996 71,110 173 322,810 147,877 160,131 872,097 643,595
Taxes receivable:
Delinquent 195 20,239 14,426 34,860 46,648
Due from other funds 0 200,025
TOTAL ASSETS 170,191 71,110 173 343,049 162,303 160,131 906,957 890,268
LIABILIES AND FUND BALANCES
Liabilities
Advance collection of taxes 118 040 I
Due to other ftinds 118,040 0
0 11,925
�I Total Liabilities 0$ 0$ 0.$ 0 118,040 0 118,040 11,925
Fund Balanee
Reserved 173 3k3,049 44,263 160,131 547,616 660,717 I
Unreserved 170,191 71,110 241,301 217,626
Total Fund Balances 170,191 71,110 173 343,049 44,263 160,131 788,917 878,343
TOTAL LIABILITIES AND FUND BALANCES$ 170,191 71,110 173 343 ,049 162,303 160,131 906,957 890,2b8
(See notes to financial statements)
City of Brooklyn Center �2
Debt Service Funds
COMBININC STATEMENT OF REVENUFS, EXPENDITURES, AND CHANCES IN FUND BALANCES
Year Ended December 31, 1984
With Comparative Totals for the Year Ended December 31, 1983
State Aid Improvement Park G.O. Tax Incre- Totals
Park Library Street Building Bonds ment Bonds
Bonds Bonds Bonds Bonds of 1980 of 1983 1984 1983
Revenues
General property taxes 199,800 174,741 8,074 382,615 280,957
Interest on investments 16,373 8,148 731 35,787 5,781 7,749 74,569 55,337
Intergovernmental revenue State
shared taxes: State grants 0 90,884
Other 55 55 1,898
Total Revenues 16,373 8,148 731 235,587 180,522 15,878 457,239 429,076
Expenditures
�Principal 10,000 60,000 135,000 50,000 255,000 240,000
Interest 380 29,940 55,250 108,420 55,575 249,565 210,230
Fiscal agent fees 23 63 178 106 197 567 390
Other 823 8,621 118,039 12T,483 0
Total Expenditures w____ 823 10,403 _90,003 199_049 276,565 S5,772 632,615 _450_620 I
I
Excess or Deficit(-) of Revenues
�A
i
Over Expenditures 15,550 -2,255 �9,272 36,538 -96,043 -39,894 -175,37b -21,54A
Other Financing Sources or Uses(-)
Operating transfers in 89,445 89,445 293,825
Operating transfers out -3,495 -3,495
Total Other Financing Sources
or Uses(-) 0 0 85,950 0 0 0 85,950 293,825
Excess or Deficit(-) of Revenues and r
Other Sources over Expenditures 15,550 -2,255 -3,322 36,538 -96,043 -39,89�+ -89,b26 272,281
7 -�3-3
Fund Balances January 1 154,641 73,365 3,495 306 511 140 306 200 025 8 8 4 606 062
,9 7
Fund Balances December 31 170,191 71,110 173 343,049 44,263 160,131 788 1
(See notes to financial statements)
Cit of Brookl n
y y Center, Minnesota
CAPITAL PROJECTS FUNDS
The Capital Projects Funds were established to account for all
1 resources used for the acquisition of capital facilities by the City
except those financed by Special Assessment and Enterprise Funds.
The Capital Projects Funds are maintained on the modified accrual
basis of accounting. Revenues are recognized in the accounting period
in which they become available and measurable. Expenditures are
recognized in the accounting period in which the related liability is
incurred.
The City's Capital Projects Funds included in this section are:
Capital Pro�jects Fund: This Fund was established in 1968 to provide
funds, and to account for the expenditure of such funds, for major
capital outlays (which shall 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 sources of revenue for the Fund include ad valorem
taxation, transfers from other Funds, issuance of bonds, federal and
state grants, and interest earnings.
Municipal State Aid for Construction Fund: This Fund was established
to account for the state allotment of gasoline tax collections used
for transportation related construction projects.
City of Brooklyn �enter D-1
Capital Projects Funds
CONIDINING BALANCE SHEET
December 31, 198�+
With Comparative Totals for December 31, 1983 I I
Municipal
Ca.pital Sta.te Aid Totals
Projects for
Fund Construction 1984 1983
ASSETS
Temporary investments 3,41�,410 3,118,742 6,533,152 4,551,258
Due from other funds 269,�13 269,413 117,517
Due from other governments 884,685 884,685 �113,050
TOTAL ASSETS 3,683,823 �+,003,427 7,687,250 5,081,825
LIABILTTIES AND FUND BALAN(�
Liabilities
Accounts payable 59,855 126 59,981 17,316
Contracts payable 433,784 �+33,784 107,359
Due ta other funds 399 6,937 7,336 481,402
Tota1 Liabilities 49�,038 7,063 501,101 606,077
Fund Balances
Unexpended appropriations 241,125 9,862 250,987 305,505
Balance restricted to S�a�e-
approved projects 2,100,092 2,100,092 1, 63�,239
Unreserved 2,948,660 1,886,410 4,835,070 2,536,004
Total Fund Balances M 3,189,785 N 3,996,36� M 7,186,149 N �,475,7�8
TOTAL LIABILITIFS
AND FUND BALANCES 3,683 ,823 4,003,�27 7,687,250 5,081,825
(See notes to financial statements)
-65-
City of Brooklyn Center D-2
Capital Projects Fund
CONIBINING STATENIENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANGE
Year Ended Dece.naber 31, 198�
With Comparative Totals for the Year Ended December 31, 1983
t
Municipal
Capital State Aid Totals
Projects for
Fund Construetion 198�4 1983
R evenues
Intergovernmental:
State �rants 559,235 559,235 508,661
Interest on znvestments 200,244 313,298 513,5�2 �1�9,030
Other 76,058 76,058 80,37�+
Total Revenues 276,302 872,533 1,1�48 1,038,065
Expenditures
Capital Outlays 912,864 10,849 923,713 1,233,282
Total Expenditures 912,86�4 10,849 923,713 1,233,282
Excess or of Revenues
Over Expenditures -636,562 861,684 225,122 -195,217
Qther Financing Sources or Uses(-)
Operating transPers in 2,013,989 3,495 2,017,�84 357,108
Operating transfers out -132,205 -132,205 N___ 99,276
Total Other Financing Sources
or Uses(-) 2,013,989 -128,710 1,885,279 257,832
Excess or Decifit(-) of Revenues 1
and Other Sources Over Expenditures
and Other Uses 1,377,427 732,974 2,110,401 62,615
Fund Balance January 1 1,212,358 3,263�390 �+,�75,748 4,413,133
Residual�transfers in 600,000 600,000 0
Fund Balance December 31 3,189,785 7,186,149 4,475,7�8
(See notes to financial statements)
-66-
City of Brooklyn Center s_�
Capitai Projects Fund
PROJECT-LENGTEi SCE�DULE OF C�tSTRUCfION PROJECfS
From Beginning to December 31, 1984
Park Federal State Comm. Fund Total
Bonds Lawcon LCMR Develop. Balance Other Appropriations Expenditures
Central Park Landscaping 55,496 53,247 108,743 97,086
Central Park/Garden City Trail 8,500 �2,500 34,OD0 85,000 85,966
Palmer Lake Basin 102,500 71,070 82,915 25b,485 228,271
Park Bonding Costs 17,$38 159 17,679 17,679
Central Park III 185,806 85,000 270,806 248,863
Arboretum 169,000 492 169,�►92 169,492
Neighborhood Parks 730,560 125,00�1 48,091 72,038 975,693 956,810
Shingle Creek Trailway II 300 98,450 78,760 16,190 193,700 167,111
Centrai Park II 75,000 95,628 47,814 40,000 26,429 284,871 284,871
TOTAL PARK BOND PROJEGTS 1,345,000 307,6�+8 296,736 165,00� 176,043 72,038 2,362,469 2,256,149
Unallocated Expenses 7,281 T,281 14�315
Central Park Plaza 155,000 323,976 478,976 470,476
Evergreen Park/Area improvement 323,480 68,930 392,410 272,733
Brookwood Utilities 463,690 463,690 336,255
t�kznic�pal Garage Improvements 207,200 370,800 578,000 561,590
v Lions Park west 73,392 73,392 75,173
I Civic Center Building Access 20,000 20,000 8,520
Civie Center Access 200,000 147,236 3�+7�236 318
Sidewalk GSirb Cuts 12,000 12,000 10,086
Solar De�nonstration Project 50,000 �p�ppp y9��g�
Police Department Camnunications 225,000 225,000 220,307
C3ty Hall Elevator 65,000 65,000 52,674
Shingle Creek Trailway I 71,950 57,560 183,614 313,124 298,957
TOTAL PROJECTS 1,500,000 379,598 354,296 312,004 1,�+94,986 1,347,694 5,388,578 4,944,587
(See notes to financial statements)
City of Brooklyn Center s_�}
Municipal State Aid Construetion Fund
PROJECT-LENGTH SCI�DULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1984
Appropriation Expenditures
Project
Street improvement 48
Channelization Highway ��152 and 65th Street 3,038 2,916
Pedestrian bridge Brookdale 182,005 172,217
Totals 185,043 175,181
-68-
City of Brooklyn Center, Minnesota
SPECIAL ASSESSMENT FUNDS
The Special Assessment Funds were established to account for the
resources and expenditures required for the acquisition and construc-
tion of capital facilities or improvements financed wholly or in part
by special assessments levied against benefited properties, and to pay
principal and interest on the general obligation special assessment
bonds sold to finance these improvements. The method of financing
these projects distinguishes special assessment improvements from
those which benefit the entire City and which are financed by general
revenues or general obligation bonds.
The City�s Special Assessment Funds are maintained on 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.
There are nineteen Special Assessment Funds included in this section.
The Fund names indicate the year that the bonds were issued to finance
the various improvement projects contained therein.
City of �rooklyn Cslter
Speci.al A�nait F1u�ds
(X�'BIlVIIVG BALAN� 3�ET
31, 1984
With C�rative Totals f� Ibcer�ber 31, 1983
B�d ��1 1955A 1956AC 19568 1957� 1958A 1958B 1959� 1960AB 1g61AB
AS4,IS
T�ary irivestrr�ts Z74 9,355 18,341 1,941 �,700 14,4�3 13,255 6,105 32,72�4 38,529
Aecot�ts treoeivable
Special assessr�ents r+eceivable:
Defexred 2,197 4,045 70
I�linquPnt 101 623 18�4
I�,ie fYrm otY�er ft�ds
Bond disc:cx�ts
i
'IC�I'AL ASSEIS 27� 9�35� �8�341 �94� 4�700 14,�+93 13�255 8��03 37�392 38�7g3
1.TAR ILITI6 ATID F'[II�ID BALAN�
Liabilities
Aoca�ts payable t
Aocxued interes�t payable
Aie to ot.1� flands 27�+ 9,355 18,3�+1 1,941 �+,700 1�,493 13,045 �+,882 31,�3 38,456
Constructirn lcens payable
Deferr�ed r�rran.ie 2,197 �4,045 70
Bax�s payable
Total Liabilities Zj� 9,355 18,3z11 1,941 �4,700 1�4 13,045 7,079 35,488 38,526
Flu�d
Ikbt Sexvioe 0 0 0 0 0 0 210 1,324 1,904
Ur�xp�r�ed appropriati�
Total FLuxi F�lar�es 0 0 0 0 0 0 210 1, 32�4 1,904 257
NI'AL LIABILIT� AI�ID FUND BAL,AN� 27� 9,355 18:3�-E1 1,9�1 b,700 14 ,493 13,255 8,�I03 37,392 38,'783
-r
(See notes to finaneial statenents)
-69-
1
�1
I T��
c��t��
1 1963A 1965A 1966A 1969A 1�'70 1q73 1976 1982 FLmcl 198� 1983
435,391 1T�,331 160,715 124 543,02�4 134,785 �402,117 888,218 135,356 3,083,�70 ���32,
9,383 12,388 70,460 1,303 93,53� 161,�85
5,�►00 2�,�68 �,379 93,357 82,592 z7o,�+23 2,119 �0,886 2,857,574 3,1�2,397
459 5� �-I09 1,281 43,1�10 11,359 9,566 �16,89�+ 7,�82 122,083 156,928
9,020 9,020 213 ,718
0 �k1,200
435,850 125,316 1�,492 180,476 679,521 �38 ,119 694,494 3,125,429 35�,047 6,165,681 8,128,310
3,017 3,017 5,702
�+1,387 �1,3$7 0
8,356 7,�30 8,771 161,487 185,469
1 340,338 340,338 252,372
5 24��8 5���9 �3�� 82,592 2r(0�423 2�119s�57 200�886 2�857r57� 3�����97
10,000 50,000 80,OQ0 20�,000 �35,000 2,�125,00(} 3,205,000 3,855,000
0 15,��00 82,724 141,809 298,357 82,592 705,�+23 �+:547,874 591,382 6,608,803 7,4�,9�0
435,850 109, 102,768 38,667 381,16'-4 't55,527 -10,92� -1,�422,�l5 -�27, -z►33 ,067 716,567
-10�055 -10�055
435:�50 109 102,768 38,�7 3g1,164 155,527 -1Q,929 -1,4?2,�15 -237:335 �43,122 707,37�
435,8�EJ 125,316 185,�+92 180,476 679,521 23�,�19 69�+:�+94 3,125,�29 35�,047 6,165,68� 8,128,310
-70-
A
City of �rooklyn Center Ez'
�ecial A�ssnait F1ur1s
03�SII�IIIJG SfATII�IIJT f�VII�[]6, �II�IDTI��S ADID Q-lAb� IId FUDID HAI.AI�
YESr Ehded Deoc�rber� 31, 1964
With �erative lbtals fm the Year FYried lbce�^ 31, 1983
Dcoess of
Otha^ f�veiaes
F�vex.�es Otl�a^ Sauroe �itur+es iLses Ard �xu� 19�34
a�
Inte'�est m Assessr�t TYansfes BaY1 �tirn 1rarBfers �it�.u� FLrd �lar�oe Ftad ffilarxie
Ela�d Total Irntesfiis'its Izr�� In Total Inte�est And Otha^ Out Ar�d Uses �k�narY 1 Ik�oar�a^ 37
Barl Ftu�d ��1 zI4 zT4 0 3,756 3,48� 3,482 o
1955A 9,357 9,355 �+2 0 128,111 -118,714 118,714 0
1956AC 18,492 18,3i11 151 0 251,172 �i2,680 232,680 0
1956B 1,941 1,941 0 26,585 -24,6�W 24,6�W 0
1957AB 4,700 4,700 0 64,359 -59,659 59,b59
1958A 14,493 14,493 0 203,529 -189,036 189,036 0
19� 13,731 11,936 1,'T95 0 164,4� -150,701 150,91t 210 I
1959� 6,09'T 4,882 1,215 16 16 64,117 �8,035 A,360 1,324
�96oas 32,788 3�,443 1,345 0 440,283 �0'7,495 �09,399 �,90�►
19b1AB 38,TT4 38,u56 318 0 526,497 -487,723 4�(,980 25l
1963A 51,133 �4,411 6,'T22 590 540 50 50,543 395,307 u35,�o
1965A 18,723 12,565 6,158 781 760 21 17,942 91,9'74 109,916
1966A 31,282 17,111 14,171 3,390 3,3�10 50 27,892 74,876 102,768
I 1969A 55,212 13,292 41,92D 6,933 6,825 108 118,279 -9,612 38,667
19'70 160,406 61,072 99,33�1 27,592 21,7u5 5,847 132,814 2�18,350 381,164
1I13 66,776 28,353 38,423 9,086 9�019 67 57,690 97,837 1�,527
1976 111,742 �,281 76,46t 2 2�+,100 49 87,593 �8,5?� -10,929
1982 7�0,071 67,Z79 672,'T92 4Z6,67o 351,915 74,'�55 313,401 -1,735,846 -1,422,445
�mtn.�tim 418 418 42,760 188,883 39,133 149,750 8,771 -154,476 �2,859 �3(,335
Totals i984 �,37b,45o �i5,�85 961,265 �,76o g 688,090 ��+57,377 �,7�3 �,88i,6�2 -7,�50,492 707,370 -443,�22
Totals 1983 1,694,841 373,452 1,273,�9 48,100 3�12,300 ?3�,62T 111,673 0 1,352,541 �l5,171 707,370
(See mtzs to firgr�cial stater�ts)
City of Brooklyn Center S�
Special Assessment Funds
PROJECT-LENGTH SCI�DULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1984
Overexpended(-)
Project Unexpended
Type of Project Number Appropriations Expenditures Appropriations
Sanitary sewer 84-5 0$ 1,048 -1,048
Water main 84-8 0 747 -747
Water main 82-6 36,312 33,339 2,973
Street 82-7 36,1�+0 39,652 -3,512
Sanitary sewer 82-10 10,886 15,187 -4,301
Water main 82-11 10,49� 13,9�� -3,�20
93,832 103,887 10,055
(See notes to financial statements)
r
t
_�2_
City of Brooklyn Center, Minnesota
1
ENTERPRISE FUNDS
The Enterprise Funds were established to account for the financing of
self-supporting activities of the City which render services on a user
charge basis to the general public.
Re venues and expenses in these Funds are recognized on the accrual
basis of accounting. Revenues are recognized in the accounting period
in which they are earned and become objectively measurable. Expenses
are recognized in the period incurred, if objectively measurable.
The City's Enterprise Funds included in this section are:
Munici�al Liquor Fund: This Fund was established to account for the
operations of the City's three municipal off-sale liquor stores.
Public Utilities Fund: This Fund was established to account for the
operations of the City owned water and sanitary sewer systems.
City of Brooklyn Center
Enterprise Funds
CONIDINING BALANCE SHEET
December 31, 1984
With Canparative Totals F'or December 31, 1983
Municipal Public Totals
Liquor IItilities
Fund Fund 198�1 1983
ASSETS
Current�Assets
Cash on hand 3,900 3,900 3,900
Temporary investments 38,982 2,869,407 2,g08,389 2,559,142
Accounts receivable 15,301 93,992 109,293 103,030
Less: Allowance for
estimated uncollectible -1,462 -1 462 -2 011
Assessments receivable 5,304 5,304 6,429
Due from other funds 25,702 25,702 371
Due from other governments 59,363 59,363 13,137
Inventoriies:
Materials and supplies 10,164 10,164 14,405
Merchandise for resale 236,381 236, 252,510
Prepaid expenses:
M.W.C.C. char�es 71,776 71,776 74,187
Rent 3,930 3,930 3,361
Insurance 12,741 12,741 1,285
Maintenanee 3,192 430 3,622 2,850
Accrued water and sewer
revenue 195,595 195,595 187,153
Total Glxrrent Assets 312,965 3,331,733 3,644,698 3,219,749
Restricted Assets
Temporary investments 4,000,000 4,000,000 4,000,000
IAie from other governments 208,085 208,085 218,593
Debt retirement investments 135,245 135,2�45 131,805
Construction fl�nds invested 34,775 34,775 113,180
Assess. recv. deferred 104,734 104,734 118,031
Total Restricted Assets 0 4,�182,839 4,482,839 4,581,609
FixedAssets
Mains and lines 11,771,858 11,771,858 10,950,432
Struetures 2,793,115 2,793,115 2,542,425
Equipment 137,656 352,119 489,775 468,0�3
Land 24,816 24,816 24,816
Land improvements 5,898 5,898 5,898
Leasehold improvements 56,197 56,197 56,197
Construction in progress 0 707,382
199,751 14,941,908 15,141,659 14,755,193
Less: Allowance for
depreciation 156,308 3,644,1�10 3,800,448 3,5�7,926
Total Fixed Assets 43,443 __11,297,768 __11,341,211 __11,207,267
TOTALS 356,408 19,112,340 19,468,748
�==19�008,625
-73-
F'_ 1
Municipal Fublic Totals
Liquor Utilities
Fund Fund 1984 1983
LIABTLITIES,_CONTRIBUTIONS
AND RETAINED EARNINGS
Cur�rent Liabilities R
Accounts payable 104, 8,�#18 113,351 149,488
Contracts payable 4,344 4,344 67,250
Due to other funds 2,5�3 164,376 166,919 199,860
Accrued Liabilities 5,529 5,703 11,232 30,594
Acerued vaction and p
sick pay 8 ,435 16,243 24,678 30,869
G1�rrent portion J.ong_ p
term debt 45,000 45,000 40,000
Total Current Liabilities 121,440 244,084 365,52� 518,061
Long-Term Liabilities
w Revenue bonds 360,000 360,000 400,000
Less: Current portion 45,000 45,000 40,000
Total Long-Term Liabil ities 0 315,000 315,000 360,000
Fund Equity
Contributions 10,275 491 10 275 �91 10 220 2 1
9
Retainedearnings;
Reserved:
Metro Waste Control
Conunission 208,085 208,085 218,593
1 Debt retirement 135,245 135,245 131,805
Construction fLinds 3�,775 34,775 113,180
Working capital 620,000 620,000 620,000
Restrieted assessments 104,734 10�1,734 118,031
P1ant expansion 4,000,000 4,000,000 4,000,000
Unreserved 234,968 3,17�,926 3,409,894 2,708,664
Total Retained Earnings 234,968 TM 8,277,765 8,512,733 7,910,273
Tota1 Fund Equity 23�,968 18,553,256 18,788,224 18,130,564
I TOTALS
356,408 19,112,340 19,468,748 19,008,625
(See notes to financial
-74-
II'I
City of Brooklyn Center F-2
Enterprise Funds
COI�INING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1984
With Comparative Totals for the Year Ended December 31, 1983
Municipal Public Totals
Liquor Utilities
Fund Fund 198� 1983
Operating Revenues
M Gross margin on
product sales 505,388 505,38$ 513,210
Charges for services M------N-- N_ 1 S69,836 1,569,836 1,479,i02
Total Operating Revenues 505,388 1,569,836 2,075,224 1,992,312
Opera�ing Expenses
Personal services 236,863 230,009 466,872 502,272
Contractual services 108,765 1,122,9�t9 1,231,71�4 1,180,590
Supplies and materials 10,528 71,872 82,400 45,268
Heat, light, power 22,362 125,386 147,748 132,338
Depreciation 10,362 242,160 252,522 248,210
O�her 12,691 12,691 6,617
Total Operating Expenses 401,571 1,792,376 2,193,9�7 2,115,295
Operating Income 103,817 -222,540 -118,723 -122,983
Nonoperating Revenues or Expenses(-)
Interest earned ,437 725,432 733,869 699,043
Other revenue or expense(-) 1,440 91,706 93,146 23,656
Interest and fiscal
agent fees -15,713 -15,713 -17,272
Nonoperating Totals 9,877 801,425 --l-- 811,302
Income Before Operating
Transfers 113,694 578,885 692,579 582,��4
Operating Transfers
Tn or Out(-) -100,000 9,881 90,119 115,000
Net Income 13,69�+ 588,766 602,460 �167,�44
Retained Earnings January 1 221,274 7,688,999 7,910,273 7,442,829
Retained Earnings December 31$ 234,968 8,277,765 8,512,733 7,910,273
(See notes to financial statements)
-75-
City of Brooklyn Center g-3
EntErprise Funds
CON�INING STATEMENT OF CHANGFS IN FINANCIAL PQSITION (Continued next page)
For the Year Ended December 31, 1984
With Comparative Totals for the Year Ended December 31, 19$3
Municipal Public Totals
Liquor Utilities
Fund 1984
Sources of Financial Resources
Operations:
Net income for year 13,694 588,766 602,460 467,444
Add: It�ns not r�quiring
current ou�lay
depreciation 10,362 242,160 252,522 2�48,210
Total Resources Provided
By Operations 24,056 830,926 854,982 715,65�+
Contributions toward
construction 50,200 50,200 5,292
Decrease in restricted assets 98,770 98,770 52,079
Total Sources 24,056 l 979,896 1,003,952 773,025
Uses of Financial Resources
Furchase properties 1,979 38�+,b87 386,466 579,900
Debt retirement on bands 40,000 40,000 40,000
Amortization of deferred gain
I� on sale of assets 0 10,595
Total Uses 1,979 424,487 426,466 630,495
Net Increase or Decrease(-) in
Workin� Ca ital T- 22 077 55 40 486
g A 5, 9$ 577, 1�2,530
-76-
f
City of Brooklyn Center g-3
Enterprise Funds
COMBINING STATEMENT OF CHANGES IN FINANCTAL PQSITION (Continued from
For the Year Ended Dece�nber 31, 1984 prior page)
With Compara�ive Totals for the Year Ended December 31, 1983
Municipal Public Totals
Liquor U�ilities
Fund Ftznd 1984 1983
�___�---_M.
Elements of Increase or Decrease(-)
in Working Capital
Temporary investments -13,526 362,773 349 ,247 50,222
Aceounts receivable 13,709 6,897 6,$12 8,094
Assessments recEivable -1,125 -1,125 1,735
Due from o�hEr funds 25,331 25,331 -11,725
Due from ather governcaents 46,226 46,226 -29,797
znventories -16,129 -4,2�1 -20,370 10,661
Frepaid expenae 13,4Q4 3,018 10,386 2,965
Accrued revenue g,4�42 g�442 4�77g
Accounts payable -b�,7$0 80,917 36,137 -68,819
Contracts payable 62,906 62,906 53,198
Due to other fl.inds 42,980 -10,039 32,941 1�b,393
Due to other governments 0 19,606
Current portion of long-term
debt -5,000 -5,000 0
Acc�rued liabilities 26,419 -866 25,553 -22,663
Net Increase or Decrease(
TN WORI�ING CAPITAL 22,077 555,409 577,486 1�42,530
(See notes to financial statements)
i
-77-
City of $rooklyn Center F-4
Municipal Liquor Fund
STATEMENT OF OPERATIONS
Year Ended December 31, 198�t
With Comparative Totals for the Year Ended December 31, 1983
..M._
Year Ended Dece�nber 31,
198� 1983
Sales
Liquor 765,639 808,782
Beer 1,201,841 1,249,725
Wine 322,414 306,146
soft drinl�s �1,312 40,876
Other merchandise 1�4,269 16,467
Total Sales (Net of Sales Taxes) �2,345,�475 2,421,
Less: Cost of Sales
Beginning�inventory 252,510 244,589
Purchases (Net of discounts) 1,823,958 1,g16,707
Merchandise available for sale 2,076,468 w 2,161,29b
Less: Ending inventory 236,381 252,510
i Cost of Sales 1,840,087 1,908,786
Gross Mar�in 505,388 513,210
Operat,ing Expenses N- �401,571 �14,344
Op�rating Income 103,817 98,866
(See notes to financial statements)
-78-
City of Brooklyn Center F_5
Municipal Liquor Fund
STATEMENT OF OPERATING EXFENSES
Year Ended December 31, 1984
With Comparative Totals for the Year Ended December 31, 1983
Year Ended December 31,
1984 1983
Operating Expenses
Personal services:
Salaries and wages 210,043 209,927
Payroll Taxes 15, 18,990
IInployees Benefits 10,935 18,895
236,863 247,812
Contractual Services:
Professional Services 2,�431 2,486
Insurannce 4,576 18,971
Maintenance and repairs �417 1,758
Rent and administration 97,069 74,957
Equipment rental 12,572
Miscellaneous 4�z72 2�g32
108,765 ��3�576
Supplies:
General Supplies 10,528 11,657
i
Heat, light and power 22,362 21,710
Depreciation ���362 �2�972
Other 12 691
7
Total Operating Expenses 401,571 �414�344
(See notes to financial statements)
-79- I�
I
City of Brooklyn Center
f
Public Utilities Fund
Balance Sheet
December 31, 1984
With Comparative Totals for December 31, 1983
i
Totals
Water Sewer
Accounts Accounts 198�4 1983
ASSETS------------
Current Assets
Temporary investments 59�,827 2,27�+,580 2,869,407 2,506,634
Accounts receivable 46,996 46,996 93,992 100,589
Assessments receivable 5,304 5,304 6,429
Due from other funds 12,851 12,851 25,702 371
Due from other governments 59,363 59,363 13,137
Inventories materials
and supplies 10,164 10,164 14,�05
Prepaid expenses 72,206 72,206 75,224
Aecrued revenue 5�,691 140,90�4 195,595 187,153
Total Current Assets 724,833 2,606,900 3,331,733 2,904,242
Restrieted Assets
Temporary investments 3,700,000 300,000 4,000,000 4,000,000
Due from M.W.C.C. 208,085 208,085 218,593
Debt retirement investments 135,245 135,245 131,805
Construction funds invested 34,775 34,775 113,180
Assessments receivable
deferred 104,734 104,734 118,031
Total Restricted Assets 3,97�,754 508,085 4,482,839 �,581,609
Fixed Assets�--------
Mains lines 6,889,081 4,882,777 11,771,858 10,950,432
Structures 1,852,516 940,599 2,793 2,542,425
Equipment 176,060 176,059 352,119 332,366
Land 24,816 24,816 24,816
Construction in progress 0 707,382
8,942,473 5,999,435 N 14,941,908 14,557,421
Less: Allowance for
Depreciation 1,901,422 1,7�42,718 3,64�4,140 3,�401,980
Total Fixed Assets 7,041,051 4,256 11,297,768 11,155,441
TOTALS 7 '371,702
(See notes to financial statements)
-80-
F-6
Totals
Water Sewer
Accounts Accounts 198�4 1983
LIABILITIES, CONTRIBUTIONS ANA
RETAINED EARNINGS
Current Liabilities
Accounts payable 8,418 8,418 89,335
Contracts payable 4,344 4,344 67,250
Due to other flznds 82,188 82,188 164,376 154,337
Accrued liabilities 21,946 21,946 21,080
Current portion of
long-term debt u5,000 45,000 �0,000
Total Current Liabilities 161,896 82,188 244,08�1 372,002
Long-Term Liabilities
Revenue 360,000 360,000 400,000
Less: Current Portion 45,000 45,000 40,000
Total Lon Term Liabilities
g 315 000 0 315,000 360,000
Fund Equity
Contributions 4,815,460 5,460,031 10,275,�91 10,220,291
Retained Earnings:
Reserved:
Metro Waste Control assets 208,085 208,085 218,593
Debt Retirement 135,245 135,245 131,805
Construction funds 34,775 34,775 113,180
Working Ca.pital 170,000 450,000 620,000 620,000
Appropriations and
assessments 104,734 104,734 118,031
Plant expansion 3,700,000 300,000 4,000,000 4,000,000
Unreserved 2,303,528 871,398 3,174,926 2,487,390
Total Retained Earnings 6,448,282 __�1,829,483 ___8,277,765 7,688,999
Total Fund Equity 11,263 7,289,514 18,553,256 17,909,290
TOTALS 11,740,638 7,371,702 19,112,3�0 18,641,292
-81-
City of Brookln Center F-7
Public Utilities Fund
STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
For the Year Ended Aecember 31, 198�
With Comparative Totals for the Yea.r Ended December 31, 1983
Totals
I, Water Sewer
Accounts Accounts 1984 1983
Operating Revenue
N----- 457,392 1,065,337 1,522,729 1,466 772
Service to consumers
Serviee hook-up charges 20,822 18,089 38,911 6,019
Sale of ineters (net) 488 488 -1,605
Penalties 3,856 3,852 7,708 7,916
Federal grants p
----'--7�-7 ----�5'9,-3- ----�'79,---
I Total Operating Revenue 482 558 1 08 2 8 1 6 8 6 1 4 102
Operating Expenses 596,085 ___1,196,291 _�_1_792,376 ___1,700,951
Operating Income or Loss(-) -113,527 -109,013 222,540 -221,849
Nonoperating Revenues or Expenses(-)
Interest�Earned
Investments �165,424 260,008 725,�32 658,523
Special Assessments 14,008 14,008 16 ,376
Metro Waste Control
Corrnnission 7,096 7,096 7,661
Construction Funds 7,044 7,04�4 10,595
Other 9,881 63,558 73,�39 23,656
Interest and fiscal fees -15,713 -15,713 -17,272
Total Nonoperating �+80,644 330,662 811,306 699,539
Net Income 367,117 221,649 588,766 �+77,690
Retained Earnings January 1 6,081,165 1,607,83� 7,688,999 7,211,309
Ret in
a ed Earnin s December 1
3 6 448 282 1 82 48
g 8 2 6 688
9, 3 77,7 5 7, ,999
(See notes to financial statments)
-82-
City of Brooklyn Center F-8
Public Utilities Fund
WATER OPERATING EXPENSE
For the Year Ended December 31, 1984
With Comparative Totals for the Year Ended December 31, 1983
Classification by Funetion N
Year Ended December 31,
Source of Admin- Customer
Supply Transmission istration Accounting 1984 1983
Personal Services:
Salaries and wages 27,198 �41,260 �41,259 23 ,063 132,780 119,92�
Payroll t�es 9,293 9,293 11,203
Employee benefits 9,873 9 ,873 6,909
27,198 �+1,260 60,�+25 23,063 151,946 138,036
Contractual Services:
Professional Services 1,595 6,355 890 8,840 9,643
Postage 9,�69 9,�69 9,371
Insurance 3,694 3,694 2,002
Repairs and ma.intenance 7,292 21,087 2,429 30,808 63,758
Rent and administration 71,802 71,802 52,159
Equipment rental 1,91�4 10,007 �+,693 16,614 5,475
8,887 29 ,356 88,822 14,162 141,227 1�2,�408
Supplies and materials 36,640 7,560 9,086 3,292 56,578 21,133
Heat, Light and Power:
Electricity 103,348 103,348 91,730
Ga.s 6,672 6,672 3,958
I
110,020 0 0 0 110,020 95 ,688
Depreciation 58,293 78,021 136,314 145,128
Totals 241,038 156,197 158,333 �0,517 596,085 542,393
(See notes to financial statements)
City of Brooklyn Center F-9
Public Utilities Fund
SEWER OPERATING EXPENSE
For the Year Ended December 31, 198�
With Comparative Totals for the Year Ended December 31, 1983
Classification by Funetion
Year Ended December 31,
Disposaland Admin- Customer
Pumping Transmission istration Accounting 198�4 1983
Personal Services:
Salaries and wages 44,402 475 13,009 57,886 92,741
Payroll taxes 2,395 9,293 11,688 11,203
Employee benefits 8,�89 8,48g 12,480
46,797 �75 ------30�791 �-----------o 78,063 116,424
Contractual Services:
i Professional Services 10,830 800 11,630 4,
Postage 2,70�► 2,704 2,358
i Insurance 3,694 3,694 2,002
Repairs and maintena.nce 6,996 966 1,'580 9,542 19,040
Rent and administration 71,802 71,802 52,159
Equipment rental 1,410 10,007 4,694 16,111 10,528
Metro Waste Control
Commission 845,466 845,466 811,271
City of Brooklyn Park 20,773 20,773 22,849
88�,065 2,376
Supplies and materials -------��571 -------�-958 -------5�722
Heat, Light and Power:
Electricity 1�+,655 14,655 14,485
�S 605 106 711 455
15,260 106 0 0 15,366 14,940
Depreciation 39,682 66,164 105,8�46 90,110
Totals 990,375 74,079 12�,396 7,441 1,196,291 1,158
(See notes to financial statements)
City of Brooklyn Center, Minnesota
AGENCY FUND
The Agency Fund was established to account for assets held by the City
as an agent for other City Funds, governments, or individuals.
The Agency Fund is maintained on the modified accrual basis of
accounting.
The City's Agency Fund included in this section is:
Fire Department Relief Association A enc.y Fund: This fund was
established to account for the col e
1 ction of ro ert t
p p y axes by the
City for the Brooklyn Center Volunteer Fire Department Relief
Association to be used for fire fighters' pensions.
Ci�y of Brooklyn Center G-1
Fire Department Relief Association Agency Fund
STATENJENT OF CHANGFS IN ASSETS AND LIABTLITIES
For the Year Ended December 31, 1984
Ba.l,ance Balance
December 31, December 31,
1983 Additions Deductions 198�4
Assets
Investments 9,763 833 10,596
Taxes receivable 1,400 �2 g
Total Assets 11,163 833 42 11,954
Liabilities
Prineipal�s balance 11,163 833 42 11,954
Total Liabilities 11,163 833 42 11,954
(See notes to financial statements)
-85-
I
City of Brooklyn Center, Mi.nnesota
1
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.
i
City of Brooklyn Center H-1
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS AND SOURCES
For the Year Ended December 31, 1984
Balance Ba.lance
Janua.ry 1, December 31
1 84 Aequisitions Disposals 1984
9
Investments in General Fixed
Assets (At cost)
Land and improvements 1,032,527 83 ,696
Buildings and improvements 1,116,223
(ineludes buildings) �+,459,124 72,659 4,531,783
Park properties
t (includes buildings) 2,783,004 899,293 3,682,297
Furniture 385,783 1,900 387,683
Departmental equipment 2,588,350 238,�94 2,826,844
Storm sewers and street
projects 12,551,191 197 12,748,817
Total Investments in General
Fixed Assets 23,799,979 1,493,668 0$ 25,293,647
Sources of
General Indebtedness 600,491
General Fund revenues (includes 600,491
ad valorem ta.xes) 3,886,360 290,271 4,176,631
Liquor bonds 304,571 30�4,571
Contributions 327,398 327,398
Special assessments 12,369,727 197,626 12,567,353
Ca.pital projects funds:
G.O. bonds 3,129,798 3,129,798
Tax levies 265,243 265,243
Sale of assets 156,65� 156,65�1
Bebt Service Funds excess 198,386 198,386
Capital Projects Fund
Balanee 1,168,600 956,731 2,125,331
Federal grants 1,071,142 49,040 1,120,182
State grants 321,609 321,609
Total Sources of Investments $__23,799,979 $___1,493,668 0 $__25,293,647
(See notes to financial statements)
-86-
City of Brooklyn Center g_2
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 198�4
Streets
and Storm
Funetion Total Land Buildings Equipment Sewers_
General
government 17,079,567 1,116 3,214,527 12,748,817
General
government
buildings 4,531,783 4,531,783
Parks (includes
buildings) 3,682,297 3,682,297
Totals $_==?�,798,520 �___�,531,783 12, 748,817 i
(See notes to fina.neial state�ments)
1
1
1
1
1
-8�_
City of Brooklyn Center g-3
SCHEDULE OF CHANGFS IN GENERAL FIXED ASSETS BY FUNGTION AND ACTIVITY
Year Ended December 31, 1984
Balance Ba.lance
January 1, December 31,
1984__ N Acquisitions Disposals ____1984
i General government 16,557,851 521,716 17,079,567
I
General government buildings 4,459,12�4 72,659 4,531,783
j Parks (including buildings) 2,783,004 899,293 3 682 2
I 97
I
Totals $__23,799�979 �__?5,293,6�7
(See notes to financial statements)
�i
-88-
City of Brooklyn Center, Minnesota
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The General Long-Term Debt Account Graup was established to account
for the City's unmatured general obligation long-term debt that is
secured by the full faith and credit of the City and is not the
primary obligation of a Special Assessment Fund or an Enterprise Fund
of the City.
City of Brooklyn Center I
COMPARATIVE SCI�DULE OF GENERAL LONG-TERM DEBT
December 31, 1984
With Comparative Totals for December 31, 1983
December 31,
Amounts Available and to be Provided
Amounts available in Debt Service Funds 788,917 878 ,3�+3
Amounts to be provided:
From fl.iture ta.x levies 2,634 2,792,865
From future gas tax allocations 420,000 N-- �80,000
Total Available and to be Provided 3,8�3,15� 4,151,208
General Long-Term Debt Payable
General Obligation Bonds 3,055,000 3,250,000
State Aid Street Bonds 420,000 480,000
Assessments on City property 93 ,534 161,685
Sick and vacation accruals 274,620 259,523
Total_General_Long
(See notes to financial statements)
-89-
City of Brooklyn Center, Minnesota
STATISTICAL SECTION
The statistical section presents comparative statistical data for the
past ten years, and other pertinent information involving taxes,
revenues, expenditures, bonded debt, property valuations, insurance
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 P�liscellaneous
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.
City of Brooklyn Center TABLE 1
GENERAL GOVERNMENTAL EXPENDITURES BY FUPICTION
Last Ten Fiscal Years
Co�rmunity
General Public Safety Public Health Parks and Debt Pension
Fiscal Year Covernment and Welfare Works Services Recreation Service Expense
1975 628,341 761,670 599,314 43,269 543,271 383,708 202,704
1976 722,116 849,672 692�545 62,014 633,935 411,730 190,890
1977 764,921 961,851 761,542 50,973 639,315 388,130 258,837
1978 868,776 1,151,480 733,615 66,423 795,116 380,180 (1)
1979 688,539 1,521,159 892�470 48,576 860,283 356,905 (1)
1980 839,907 1,442,619 1,103,166 37,336 917,224 332,139 (1)
1981 910,131 1,588,149 1,176,447 39,385 1,162,878 412,154 (1)
I 1982 1,007,781 1,901,839 1,213r941 36,244 1,122,299 419��97 (1)
1983 1,054,064 1,875,122 1,288,081 28,663 1,268,907 450,620 (1)
198u 1,112,173 1,985,108 1,383,039 30,437 1,319,298 632,615 (1)
Pension is allocated to other flxnetional ex enditures shown on this schedule
(1) P
Funds included in this table are the General Fund, Special Revenue Flznds, Capital Projects Funds, Debt
Service Funds, and the Public Utilities Fund.
City of Brooklyn Center TABLE 2
REVENUE OT[-�R THAN SPECIAL ASSESSMENTS
Last Ten Fiscal Years
Net Income Before
Charges for Transfers Out
General Qzrrent
Property Shared Services and Licenses Eines and Public Liquor
Fiscal Year Taxes Taxes Other Revenue and Permits Foreitures Utilities Stores
1975 1,745,667 1,024,571 432,083 101,380 42,9�0 381,458 150,902
1976 1,725,854 1,432,745 486,371 102,399 48,475 103,8u8 147,143
1977 1,880,700 1,557,843 472,410 131,107 54,420 187,560 121,536
1978 1,883,7k5 1,604,452 494,772 179,062 68,281 351,732 134,841
1979 2,272,323 1,887,093 71u,894 186,464 82,466 5u6,930 161,994
1980 2,416,973 2,731,611 1,127,085 195,931 111,382 937,798 142,456
1981 2,034,252 3,724,683 1,579,396 207,100 111,596 877,668 155,519
I 1982 2,303,�04 3,114,290 1,684,481 249,015 146,204 677,762 102,172
1983 2,414,816 3,563,608 2,098,987 328,019 154,812 477,690 104,754
1984 2,851,517 3,568,975 2,109,744 296,667 158,823 578,885 113,69u
ru �■r a� rs r �r a� a■� r
City of Brooklyn Center TABLE 3
TAX LEVIES AND TAX COLLECTIONS
Last Ten Fiscal Years
Ratio of
Collections Percentage Colleetions Accumulated
of (�rrent Levy of Prior Ratio of Delinquent
Year's Taxes Collected Year`s Taxes Total Accumulated Taxes to
Year During Fiscal During Fiscal During Fiscal Total Collections Delinquent Current Year
Collected Tax Levy Period Period Period Collections of Tax Levy Taxes Tax Levy
1975 1,728,986 1,678,567 97.08 61,791 1,740,358 1.0066:1 144,641 .08366:1
1976 1,715,170 1,521,690 88.72 56,229 1,577,919 •9200:1 281,903 •1b436:1
1977 1,880,700 1,694,382 90.09 198,250 1,892,632 1.00b3:1 269,971 .14355:1
1978 2,060,012 1,995,621 96.87 163,701 2,159,322 1.0482:1 170,662 .08285:1
1979 2,316,550 2,277,597 98•32 58,083 2�335,680 1.0083:1 1u6,ou2 .063o4:t
1980 2,35o,73u 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.�0 27,183 2,646,9u1 •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
i� 1983 2,482,369 2,420,772 97•52 75,437 2�u96,209 1.0056:1 286,787 .11553:1
1984 2,836,968 2,721,413 95.93 111,595 2,833,009 .9986:1 290,746 .10248:1
i
I
City of �rooklyn Ce�ter TABIE 4
A.� VALUE AAID [i'�f VAC� CF A[L TAXAHE PFXFERfY
[ast Tet Fisoai Years
1976 19'77' 9978 1979 1980 1�1 7962 1983 1984 1985
R�xilatim (Actial) 37,081 36,116 34 33,700 32,950 31,�D 3�,990 30,83� 3Qr830 30,82'0
F�al Prq�rtY
p valiae:
City:
Har�estmd 62,354,181 69,130,468 67,641,018 72,0'J5,015 70,506,973 82,133,535 74,268,430 75,a2,072 78,112,774 81,072,1�
I I� Iy.�.�:� and na�Y�ar�esteed 47,138,412 50,356,911 53,976,290 54,893,2Z1 63,605,303 80,626,961 104,715,944 122,369,087 124,305,�3 126,444,994
Ar�ea••wide alloc3atirn (net) 133�422 -201�Z06 -1�190�083 -1�464�192 -1 -1�680�827 -���7,630 -t,437,2�►3 3�366�456 -2�1311�213
109,626,015 119,�6,173 120,427,2z5 125,504,050 132,2E0,080 161,079,G69 176,626,744 196,183,916 199,052,171 �5,382,909
Less Ta�c Ir�x�ersit Dis�trict 0 0 0 0 0 0 0 0 78,000 742,474
Total �.�d valiae 109,626,015 119,�b�173 120,4Z7,7r� 12�i,504,050 132,2E0,080 161,079,669 176,626,74�1 196,183,916 198,974,171 204,640,435
Estitmated Ngticet Val�ae 3p1,639,7'�a 329,463,243 381,92b,9� 396,811,532 451,519,456 604,637,366 657,701,757 725,476,089 775,162,400 788,107,800
�^saal Pr�op�ty
W p ..�-�-o,: value 2,800,885 3��34,703 3,531,911 4,3�9,397 3,816,7bb 4,027��36 4,113,767 3,973,587 U,148,726 4,276,22t
Estinated �icet vaLae 6,505,874 7�059�986 8,227,'T0� 10,207,900 8,87�b,200 9,365,200 9,566,900 9,Z40,000 9,648,�0 9,9tW,700
1bta1 'i�able Pr�ope�ty
I Asa.�;�,: vaLae 112,426,900 122�32D 123r965�13b 129�893r�7 136,096�846 165�106�7�5 18�J�740,511 200�157�503 2�3�172��97 2�8�916,656
Fsturated merket value 308,1�,599 336,523,?29 390,154,655 407,019,432 460,395,656 614,002,566 667,268,65T 734,716,089 784,810,600 798,052,500
F�tio of A�.�.�«] Value to
Fsturated [�rlcet valaae .3648 .363l18:1 .31'T'T33:1 .319133:1 .29561:1 .26890:1 .Z1096:1 .272�13:1 .25882:1 .261'78:1
P� (hpita Vali.atirns
A�.��: value 3,031.93 3,38b.89 3,634.� 3,854.40 4,130.41 5,286.80 5,832.?2 6,492.30 6,588.48 6,778.61
Fsti�ted NHr�cet Ualue 8,310.07 9,317•84 11,438.13 12,077.73 13,972.Y� 19,660.66 21,531.74 23,831.21 25,456.07 25,893.98
i
r� Nr rr r rr r w�w r rr r r w� �r
I I
City of E4roolclyn Ce�t.er T� 5
TAX RA1E5 AI�ID TAX [EUIES
L�,st Te� Fis�l Years
TAX RA'1F� (NIII�.S)
Sc3x�o1 District Total City, �'nol, Ozu�tY, arri State N.H.S.
O�tnty
Year Ar� Vo�Ted; No. 2E6 Pb. 279 No. �1 Pb. 11 ard S�ecial ISD No. 286 Z5D t�b. 279 Bb. �i I�b. 11
Collectible City (1) Sci'iool (E�rl L�rxn) (C�seo) (R�bbinsdale) (Arnka) Districts (Farl �a'n) (ft�bbinsda]Q). (Ar�nka)
19'76 15.607 2759 54•Z04 53•�35 49•043 55•Zf 31.275 103•�5 103•076 9�•684 102.152
i977 15.7� 2.485 52.663 53.648 49.875 58.4 3�►.063 1W.936 105.921 �02.�48 1o8.i88
1978 16.646 2.123 53•537 52.434 49•69 �•84 �.086 107.392 106.289 103•545 107.572
1979 17.� 2.?z( 47-451 45.073 46.645 �7.706 35.45 103.008 100.63 1Q2.202 101.036
1980 17.�5 1.681 42.981 39.345 41.473 43.212 34.58 96•487 92.851 94.979 95.037
1981 16.603 1.51 33.512 33.427 1 l0.75T 37.99b 33.3(3 �.998 84.913 92.2�3 8'7.972
i982 16.397 1.469 38.'181 42.993 50.524 4b.�+7 33.567 90.214 94.426 101.957 96.811
1983 15.9'71 1.119 42.896 46.0$ 52.901 45.474 33.557 93•543 96•662 iO3•5l18 95•002
19� 17.096 t.uub 49.965 54.909 58.326 55.2�i 35.ar1 1o3.5w 108.458 111.8'15 1o7.3z8
19�5 16.506 1.49 49•332 51.199 56.1 52•83 34•�3 101.771 103•638 1(38.539 103-T79
TA}� iEV� (D(Ii.ARS)
Qxa�y Total C
Ye� Arm Voa-Tbci'i [3a 28fi I3�. 2']9 No. �1 No. 11 Total and Special Schools, QasztY,
Collectible ,sa�ool (�ari �r►) (�seo> (��nn�e) (nrnka) 5a�ooi �istz�icts city �a state
I
1976 270,4� 1,681,'19'T 1,804,010 1,629,6� 'T89,077 6,174,947 3,511,979 1,752,564 11,439,490
1977 265 1�786��8 1�8�1�979 1�800�17� 910,679 6,598 �011 4�156�788 1�849r989 12�604�788
1978 ?31,488 1,�53,423 1,865,301 1,841,345 889,060 6,680,617 4,345,690 2,060,012 13,086,319
1979 252,(l99 1,763,�7 1,711,981 1,805,864 794,944 6,328,345 4,603,009 2,316,684 13,248,038
1980 203,�3 1,737,432 1,568,491 1,650,314 1,522,661 6,682,141 4,711,671 2,�0,962 13,744,7'74
1981 237,6(T! 1,939,916 1,636,937 2,058,145 766,9t2 6,639,57'f 5,925,084 2,947,7�7 15,512,378
1982 ?fi5,508 2,�I22,618 2,W1,005 2,606,004 881,7u5 8,236,�0 6,066,917 2,963,602 17,267,399
1g83 2D2,256 2,79D,8o8 2,625,207 2,781,573 1,049,119 9,�,963 6,716,839 3,203,274 19,3b9�076
1984 �,933 3,328,173 3,090,749 3,1'78,504 1,279,696 11,165,0� 7,095,080 3,452,694 21,702,829
1985 310�394 3�442�445 3,014,744 3�187�$21 l��b�533 11�2 7�207�150 3�460�339 21�909�426
(1) 7r�eLzias tax levy for tY�e i�irg �d �devel�ne�t Aut�ity of �roolc�}m Oaita of a�third mill.
City of Brookiyn Center TABLE 6
SPECIAL ASSESSMENT COLLECTIQNS
Last Ten Fiscal Years
Percent Total
�rrent Collections Total Outstanding
Collection Collections U.irrent and
Year Percent of Prior Totai to Current Delinquent
Collected Total Levy Amount of Levy Years Collections Levy Assessments
1975 679�068 b�4,231 60.9999293� 153,107 5b7,338 $$3.5465668� 31u,700
19T6 736,438 404,362 54.907813% 40,337 #44,699 60.3851241� 606,439
1977 663�514 406,029 61.1937352� 233,678 639�707 96.41198�3% 630,246
1978 607,046 407,224 67.0828899� 168,477 575,701 94.8364704� b61,591
1979 585 105 461 550 8.88 2 4
7 3 77 �+39,371 900,921 153•975953� 345,775
1980 655,175 572,104 87.3207922� 239,038 St1,142 123•805396� 189,808
1981 395,�+39 335,859 84.9332008� 95,963 431,822 109•200661� 153,u25
1982 733,�98 649,472 88.5807108� 95,962 745,434 101.668853� 141,189
1983 981,733 908,531 92•5U35938% 5T,463 965�994 98.3968146� 156,928
1984 813,013 768,241 94.493077� 79,617 8�+7,858 104.285909� 122,083
I
r �r r�r r �t a� r■� r� r
City of Brooklyn Center TABLE 7
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
Last Ten Fiscal Years
Ratio of Net
Less: Amount Bonded Debt Net Bonded
Estimated Assessed Gross in Debt Net to Assessed Debt Per
Fiscal Year Population Value Bonded Debt Service Funds Bonded Debt Values Capita
1975 37,081 100,386,566 7,605,000 2,115,984 5,489,016 .0547:1 148.03
1976 36,116 112,293,�+78 7,770,000 2,1�8,250 5,657,750 .0503�1 156.49
1977 34,110 122,320,876 7,015,000 2,193,710 4,821,290 .039��1 141•35
1976 33,700 123,965,136 6,215,000 2,652,259 3,562,741 .02873:1 105.72
1979 32,950 129,893,u47 5,475,000 3,138,481 2,336,519 .01799�1 70.91
1980 31,230 136,096,846 6,265,000 2,519,067 3,745,933 .02752:1 119•95
1981 30,990 165,106,705 5,650,000 3,031,398 2,618,602 .01586:1 84.50
1982 30,820 180,740,511 7,680,000 4,145,073 3,534,927 .01956:1 114.T0
rn
1983 30,830 200,157,503 7,985,000 4�,849,112 3,135,888 .01567:t 101.72
1984 30,820 203,122,897 7,040,000 3,3�+8,669 3,69i,331 .o18t7si 119.77
I
City of Brooklyn Center Table 8
STAT�MENT OF LEGAL DEBT MARGIN
December 31, 1984
Assessed value, January 1, 1984 $_208,916,656
Debt limit, 7.33� of assessed value (See Note A) 15,313,591
Total bonded debt 7,040,000
Deduetions (See Note 1B):
A. Bonds:
1. Special Assessment
Bonds 3,205,000
2. State Aid Street Bonds 420,000
3• Utility Revenue Bonds 360,000
4. Tax Inerement Bonds 930,000
�,915,000
B. General Debt Service Fund $05,309 5,720,309
Total Debt Applicable to Debt Limit 1,319,691
Legal Debt Margin, December 31, 198�1 13,993,900
Note: (A) M.S.A. Section �75•53 (See following page)
Note: (B) M.S.A. Sectian 475•5i (See following page)
-97-
City of Brooklyn Center Table 8
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1984 (Continued)
Note (A): M.S.A. Section �475.53 et seq. Limit on Net Debt-
"Subdivision 1. Generally, except as otherwise provided in sections
�75.51, no municipality, except a school district or a city of the
first class, shall incur or be subject to a net debt in excess of
7•33 per cent of the assessed value."
Note (B): M.S.A. Section 475•51 Definitions:
"Subdivision 4. 'Net Debt' means the amount remaining after deductin�
from its gross debt the amount of current revenues which are
applicable within the a.ggregate of the prineipal of the following:
(1) Obligations issued for improvements which are payable wholly or
partly from the proceeds of special assessments levied upon property
specially benefited thereby, including those which are general
obligations of the municipality issuing them, if the municipality is
entitled to reimbursements in whole or in part from the proceeds of
the special assessments.
(2) Warrants or orders having no definite or fixed maturity.
(3) Obligations payable wholly from the income from revenue-
producing conveniences.
(4) Obligations to create or maintain a permanent improvement
revolving fund.
(5) Obligations issued for the acquisition, and betterment of public
water-works systems, and public lighting, heating or power systems,
and of any combination thereof or for any other public convenience
from which a revenue is or may be derived.
(6) Amount of all money and the face value of a11 securities held as
a sinking fund for the extinguishment of obligations other than those
deductible under this subdivision.
(7) All other obligations which under the provisions of the statute
authorizing their issuance are not to be included in computin� the
net debt of the municipality.
-98-
i
City of Brooklyn Center TABLE 9
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1984
City of Brooklyn Center Share
Covernmental Unit Gross Debt Sinking Funds Net Debt Per Cent Amount
Direct and Overlapping Debt
Direct Debt:
City of Brooklyn Center (1) 7,040,000 3,961,040 3,078,960 100% 3,078,960
Overlapping Debt:
School Districts:
No. 281 (Robbinsdale) 13 ,700,000 3,691,392 10,008,608 10.2p 1,020,878
No. 11 (Anoka) 14,725,000 1,659,132 13,065,868 5.9� 770,886
No. 279 (Osseo) 19,640,000 1,942,418 17,697,582 26.8$ 4,742,952
No. 286 (Brooklyn Center) 445,000 62,093 382,907 100� 382,907
Area Vocational Technical School No. 287 8,500,000 1,742,679 6,757,321 4.9$ 331,109
Metropolitan Transit 16,500,000 4,026,000 12,474,000 1.5� 187,110
Metropolitan Council (2) 30,700,000 22,973,686 7,726,314 1.5� 115,895
Metropolitan Airport (3) 0 0 0 0$ 0
Hennepin County 175,450,000 9,558,987 165,891,013 2•7� u,479,057
Hennepin County Park Reserve District 750,000 1,138,136 388,136 2.7� 10,480
I Total Overlapping Debt 280_410,000 �46,794 233_615,477 12,020,314
Total Direct and Overlapping Debt 287,450,000 50,755,563 236,694,437 15,099,274
(1) Includes $3,205,000 debt outstanding to be paid from special assessments, $420,000 debt outstanding on State Aid Street bonds, $360,000 debt outstanding
on revenue bonds, and $930,000 debt outstanding on Tax Increment bonds.
(2) Excludes $192,140,000 (less $26,040,953 in sinking flznds) of the Metropolitan Council issued G.O. sewer bonds. These sewer bonds are supported from
sewer service charges to government unfts (including Brooklyn Center) within the metropolitan sewer system.
(3) Excludes $118,195,000 (less $28,860,241 in sinking flxnds) of G.O. Airport bonds supported from airport user fees and rentals.
Overlapping
Comparative Net Debt Ratios Chargeable to City Total Direct Debt Debt
Debt to assessed value 208,916,656) 7.22741528� 1.47377431� 5.75364097�
Debt to market value 788,107,800) 1.91588947� 0.39067752� 1•52521195�
Per capita debt, population 30,820) 489.92 99•90 390.02
r� �■r r r rr �r rr� ir r +�r r
1
City of Brooklyn Center TABLE 10
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Fiscal Years
Ratio of
Total Debt Service
Total General to General
Year Princi al Interest Debt Service Expenditures* Expenditures
p--
1975 185,000 198,708 383,708 2,839,621 13.5126�+83�
1976 225,000 186,730 �+11,730 3,244,183 12.6913309�
1977 215,000 173,130 388,130 3,239,892 11 .9797203�
1978 220,000 160,180 380,180 4,146,063 9.16966288�
1979 210,000 146,905 356,905 5,267,380 6.77575949%
1980 195,000 13�►,211 329 ,211 7,931,555 4.150648g�
1981 185,000 226785 411,785 6,457,27� 6.37707181�
1982 195,000 22�+,100 419,100 7,188,860 5.829853�1�
�983 240,000 210,620 450,620 7,509,29$ 6.0008272��
198� 255,000 250,132 505,132 7,627,690 6.62234569�
zncludes General, Special Revenue, Debt Service and Capital Projects Funds.
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City of Brooklyn Center TABLE 11
SCI�DULE OF REVENUE BOND COVERAGE
Last Ten Fiscal Years
Ratio of
Net
Net Revenue
Gross (1) Revenue to Debt
Year Revenue Expenses Available Principal Interest Total Service
1975 1,107,926 556,573 551,353 30,000 28,275 58,275 9•461:1
1976 1,235,274 710,662 524,612 35,000 27,105 62,105 8.447:1
1977 1,1�+5,563 761,542 384,021 35,000 25,740 60,740 6.322:1
197� 1,371,519 817,15�+ 554,365 35,000 24,375 59,375 9•337:1
1979 1,572,244 82�4,417 747,827 35,000 23,010 58,010 12.89:1
1980 1,950,340 952,850 997,490 35,000 21,645 56,645 17.61:1
1g81 2,272,211 1,189,203 1,083,008 40,000 20,280 60,280 17.g7:1
1982 2,242,053 1,565,291 676,762 40,000 18,720 58,720 11 .53:1
1983 2,195,913 1,465,713 730,200 40,000 17,160 57,160 12.77:1
1984 2,386,974 1,550,216 836,758 40,000 15,600 55,600 15.05:1
(1) Excludes depreciation and interest on bonds.
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City of Brooklyn Center TABLE 12
PROPERTY VALUE AND CONSTRUCTION
Last Ten Fiscal Years
Commercial
Construction Residential Construction Property Value*
Year Value Units Value Com�nercial Residential Non-Taxable
1975 3,915,836 39 1,164, 77,895,417 213,950,371 50,386,615
1976 1,757,755 65 1,919,500 82,820,196 251,332,282 50,386,615
1977 3,584,19$ 80 2,179,300 125,012,840 256 ,q14,115 50,386,615
1978 5,247,131 239 6,816,300 140,651,752 285,436,500 50,386,615
1979 $,209,39�+ 7b 3,392,700 161, 917,915 330,196,500 50,386,615
1980 12,5��,30p 43 3,061,000 215,536,256 392,096,600 52,828,091
1981 12,926,950 33 1,157,000 228,523,271 �+83,35�,800 52,828,091
1982 2,497,700 70 2,055,000 235,045,689 �+90,430,400 52,828,091
1983 5,3�2,000 1�0 8,677,800 268,460,800 506,701,600 52,828,091
1984 6,037,900 77 8,95�,300 241,274,889 586,929,400 62,287,088
Estimated market value
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1
City of Brooklyn Center TABLE_13
PRINCIPAL TAXPAYERS
December 31, 1984
M N Percenta
ge
1984 of total
Market Market
Taxpayers Type of Business Valuation Value
Equitable Life Assurance
Society of America Brookdale Shopping Center 26,197,900 3•32�
Robert H. Bradley Office and Warehouse Building 1�6,177,400 1.80�
Norman Chazin Apartment Buildings 10,202,200 1.29�
Prudential Insurance Company S
of America Land and Office Building 9,752,600 1.24�
Twin Lake North Company Apartments 6,982,500 .88�
Sea.rs Roebuck and Company Sears Department Store 6,409,500 .81�
Commercial Partners Brookdale Square Shopping
Center 6,258,500 .79�
Brooklyn Center Office and Apartments
Development Cornpany Building �,881,800 .62%
Allied Central Stores Donaldson's Department Store
and Car Center 8�47 900 61
Bennie Rozma.n Apartments 4,656 ,300 .59�
Total_Market_Value ______11-95�
-103-
r r r r� r� r� r�
City of Brooklyn Center TABLE 14
SUPM4ARY OF DEBT SERVICE REQUIREMENTS TO MATURITY
December 31, 1984
G.O. Special G.O. State-Aid
General Obligation Bonds Assessment Bonds Street Bonds Water Revenue Bonds Debt Service Requirement
Year Principal Interest Principal Interest Principal Interest Prineipal Interest Prineipal Interest
1985 195,000 224,595 440,000 238,575 60,000 26,070 45,000 13,991 740,000 503,231
1986 215,000 210,458 325,000 210,935 60,000 22,140 45,000 12,285 645,000 �455,818
1987 275,000 193,339 315,000 189,795 60,000 18,165 45,000 10,530 695,000 411,829
1988 300,000 173,483 300,000 168,620 60,000 14,160 45,000 8,775 705,000 365,038 I
1989 325,000 151,833 280,000 147,480 60,000 10,125 45,000 7,020 710,000 316,458
1990 195,000 128,788 260,000 126,980 60,000 6,075 45,000 5,265 560,000 267,108
1991 355,000 108,445 260,000 107,070 60,000 2,025 45,000 3,510 720,000 221,050 I
1992 400,000 79,998 200,000 88,150 45,000 1,755 645,000 169,903
I
1993 410,000 48,968 175,000 71,387 585,000 120,355
199u 100,000 28,988 175,000 55,200 2
75,000 84,188
1995 100,000 20,588 175,000 38,�188 275,000 59,076
1996 125,000 10,869 150,000 22,500 275,000 33,369
1997 60,D00 2,700 150,000 7,500 210,000 10,200
3,055,000 1,383,052 3,205,000 1,472,680 420,000 98,760 360,000 63,]31 7,040,000 3,D17,623
City of Brooklyn Center Table 15
SC
HEI�JL
E OF INSURANCE COVERAGE
December 31, 1984
e
Polic Period
Y
Type of Coverage and Details From N____ To Liability Limits
I. Statutory Liability to E�aployees
a. Workers' Compensation 01-01-84 01-01-85 Statutory
(participant in the League
of Minnesota Cities Insurance
Trust Self-Insured Workers'
Compensation Program)
II. Liability to the Public
a. General liabilit
Y�
comprehensive 01-01-84 01-01-87
(1) Bodily injury $500,000 combined single
limit
(2) Property damage $500,000 combined single
limit
�3) Personal injury $500,000 combined single
limit
b. Automobile liability,
comprehensive 01-01-84 01-01-85
(1) Bodily injury $500,000 occurrence
(2) Property damage $500,000 occurrence
�3) Uninsured motorist $500,000 occurrence
c. Liquor stores' dram shop 01-01-84 01-01-85 $500,000 aggregate per
location
d. Umbrella liability 05-19-84 05-19-85 $5,000,000 aggregate,
$10,000 retained limit
III. Loss of Income on City Enterprises
a. Li uor----
q stores 01-01-84 01-01-87 $50,000 per location
b. Public utilities 01-01-84 01-01-87 $300,000
I
-105-
City of Brooklyn Center Table 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1984 (Continued from prior page)
Buildings
and
Policy Period Structures Content:
(Replacement (Actual
Type of Coverage and Details From To Cost) Cash Value)
IV. Insurance on City Property 01-01-84 01-01-87
a. Public and institutional
property, all risk, blanket
$12,243,200; $100 deductible
90� co-insurance stated values
(1) Civic Center �4,087,000 400,000
(2) East Fire Station 439,000 50,000
(3) Municipal Service Garage g96 ,000 120,000
(4) Elevated Water Towers 3 locations 2,277,000
(5) Park Shelter Buildings 17 locations 1,102,000 45,000
(6) Pump Houses 7 locations 382,000 108,000
(7) Lift Stations 9 locations 268,000 65,000
(8) Meter Station 12,000
(9) Storage Building 211,000
(10) Outdoor lighting systems 7 locations 25�,200
(11) Liquor Store and Fire Station �415,000 182,000
(12) Leased Liquor Stores -2- locations 314,000
(13) 1`1ovable Properties 154,97�
(14) Pedestrian Bridge 374,000
(15) Picnic Shelter 42,000
(16) Maintenance Building 36,000 64,000
Liability Limits
b. Boiler and machinery 02-01-84 01-01-85 $3,000,000 per accident
c. Automotive physical damage 01-01-84 01-01-85
(1) Comprehensive ACV no 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
e. 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
-106-
City of Brooklyn Center TABLE 16
SCHEDULE OF CASH AND TEMPORARY CASH INVESTNIENTS
December 31, 1984
Cash in Banks:
First Brookdale State Bank
Brooklyn Center, Minnesota 1,248,040
First National Bank of Minneapolis,
Minneapolis, Minnesota 20,981
Temporary Investments:
Interest
Type Rate Ma.turity Cost
Bankers' Acceptance 10.55� 1985 �195,511
U.S. Treasury bills 10.92� 1985 2,198,108
U.S. Treasury notes 4.25-10.47� 1985-1992 3,573,065
Federal Land Bank bonds 7. 8.10� 1985-1987 1,198,245
Federal Home Loan Bank bonds 7. 1985-1987 4,099 ,280
Federal National Mortgage
Association bonds 6.90 1985 5,689,001
Federal Farm Credit Bank bonds 9.05-13.20°b 1985 2,950,000 20,203,210
Interfund borrowings -(t�nporary improvement notes) 340,338
Accrued interest on investments 502,209
Change funds 4 535
22,319,313
Total_Cash
-107-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 198�
Date of Incorporation Februa.ry 14, 1911
Date of Adoption of City Charter November 8, 1966
I Date City Charter Effective December 8, 1966
Form of Government Council-Manager
Fiscal Years Be ins Januar 1
g Y
I
Area of City 8 1/2 square miles
Miles of Streets:
City 120.1
County 3,2
State �2.7
Miles of Storm Sewers 38.g
Number of Street Lights 933
Building Permits:
Number of Permits Issued:
198� 5�+5
1983 660
1982 516
1981 518
1980 563
1979 606
1978 818
1977 566
1976 568
1975 645
Estimated Cost:
1984 15,606,35�
1983 16,096,550
1982 5,968,824
1981 16,190,205
1980 17 �+54, 690
1979 13 ,081,520
1978 13,081,520
1977 13,578,901
1976 6,228,087
1975 3,786,838
Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 37
Police Protection:
Number of Stations 1
Number of Full-time Employees �40
Number of Part-time Employees 13
Police Department Vehieles 15
-108-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1984
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 (seasonal) 200
Playgrounds �7
Park shelters 17
Ice skating rinks
Hockey rinks 6
Softball diamonds 28
Baseball diamonds 6
Tennis courts 16
Basketball courts 17
Municipal Water Plant:
Number of connections 8,624
Average daily consumption 3,664,580 gallons
Peak daily consumption 10,930,000 gallons
Plant capacity daily 16,500,000 gallons
Miles of water mains 110.24 miles
Number of fire h drants 85
Y 7
Number of wells 9
Number of elevated reservoirs 3
Stora�e capacity 3,000,000 gallons
Water rate per thousand 35 cents
Municipal Sewer Plant:
Number of connections 8,701
Miles of sa.nitary sewer 99.6
Daily disposal capacity 7,416,000 gallons
Number of lift stations
9
Residential rate $21.25 per quarter
Municipal Liquor Stores (Off-Sale):
Number of owned stores 1
Number of leased stores 2
198�+ sales 2,3�5,475
City Employees:
As of December 31, 1984
Permanent or regular 119
Temporary or part-time 160
Total 279
Elections:
Last General Election 198�
Registered voters 22,687
Votes cast 17,021
Pereentage of registered voters voting 75�b
Last Municipal Election 1983
Re�istered voters 18,918
Votes cast 586
Percentage of registered voters voting 3�
-109-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1984
Po ulation:
P
1 1�870
1950 4, 28�I
1960 24,356
1965 (special census) 30,108
198� 31,230
1981 (per official estimates) 30,990
1982 �Per official estimates) 30,820
1983 (per official estimates) 30,830
1984 (per official estimates) 30,820
Education:
Public Schools
School districts within Brooklyn Center (4)
No. 11 No. 286 No. 2$1 No. 279
(Anoka) (Earl Brown) (Robbinsdale) (Osseo)
-----------2 ----------21-
Total school buildings
School buildings within
Brooklyn Center 1 2 1 3
Total students registered 30,552 1,310 1�1,630 16,478
Students from Brooklyn
Center registered 1,103 1,310 700 2,039
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
1984 assessed valuation 721,964,628 79,210,806 756,967,060 518,235,772
198� assessed valuation
in Brooklyn Center 21,131,255 75,�86,551 61,468,110 53,707,427
Parochial schools (1)
St. Alphonsus School grades �4 through 8- Total students registered 335
t Assessed valuation prior to fiscal disparies and tax increment calculations
-110-