HomeMy WebLinkAboutCAFR-1983 I COMPREHENSIVE
ANNUAL
AUDITED FINANCIAL REPORT
of the
CITY MANAGER
of
BROOKLYN CENTER, MINNESOTA
1
For The Year Ended December 31,1983
GERALD G. SPLINTER, CITY MANAGER
Prepared by
THE DEPARTMENT OF FINANCE
�1
Paul W. Holmlund, Director
1
(Member of Municipal Finance Officers
Association of the United States and Canada)
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1983
t TABLE OF CONTENTS
Exhibit Page
Number Number
INTRODUCTORY SECTION
Title Page
Table of Contents
Listing of City Officials 1& 2
Organization Chart 3
L o c a t i o n M a p o f C i t y P r o p e r t i e s 4
City Manager's Letter 5& 6
Finance Director's Letter 7- 17
FINANCIAL SECTION
Auditar's Opinion 18
Combined Statements Overview
Combined Balance Sheet All Fund Types and
Account Groups 1 19 20
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances All Governmental
Fund Types 2 21
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances Budget (GAAP Basis)
And Actual General and Special Revenue Funds 3 22
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings Proprietary Funds 4 23
Combined Statement of Changes in Financial
Position Proprietary Funds 5 24 25
Notes to Financial Statements 26 45
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City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1983
TABLE OF CONTENTS
Statement
Schedule Page
Number Number
Combining and Individual Fund Financial Statements:
General Fund:
Comparative Balance Sheet A-1 46
Statement of Revenues, Expenditures and Changes in
Fund Balance Budget (GAAP Basis) and Actual A-2 47
Statement of Revenue Budget and Actual
Objective Classification A-3 48 50
Statement of Expenditures Compared to Budget
(GAAP Basis) A-4 51 55
S ecial Revenue Funds:
P
Combining Balance Sheet B-1 56
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances B-2 57 62
Debt Service Funds:
Combining Balance Sheet C-1 63
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances C-2 64
Ca ital Pro'ects Funds:
P
Combining Balance Sheet D-1 65
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances D-2 66
Project-Length Schedule of Construction Projects
Capital Projects Fund S-1 67
Project-Length Schedule of Construction Projects
Municipal State Aid Construction Fund S-2 68
City of Brooklyn Center
COMPftEHENSIVE ANNUAL FINANCIAL ftEPOftT
Year Ended December 31, 1983
TABLE OF CONTENTS
Statement
Schedule Page
Number Number
Special Assessment Funds:
Combining Balance Sheet E-1 69 70
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances E-2 71
Project-Length Schedule of Construction Projects S-3 72
Enterprise Funds
Combining B alance S heet 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-3 76 8� 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- 9 84
Agency Funds:
Combining Statement of Changes in Assets and
Liabilities All Agency Funds G-1 85
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1983
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
Schedule of General Fixed Assets By
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
T able
Number
General Governmental Expenditures by Funetion
Last Ten Fiscal Years 1 90
Revenue Other Than Special Assessments
Last Ten Fiscal 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 Years 1960 Through 1983 5 94 95
Special Assessment Collections Last Ten Years 6 96
Ratio of Net Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita Last Ten Years 7 97
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended December 31, 1983
TABLE OF CONTENTS
Table Page
Number Number
Statement of Legal Debt Margins 8 98 8� 99
Computation of Direct and Overlapping Debt 9 100
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures 10 101
Schedule of Revenue Bond Coverage Last Ten Years 11 102
Property Value and Construction Last Ten Fiscal Years 12 103
Principal Taxpayers 13 104
Summary of Debt Service Requirements to Maturity 14 105
Schedule of Insurance Coverage 15 106 107
Schedule of Cash and Temporary Cash Investments 16 108
Miscellaneous Statistical Facts 109 112
City of Brooklyn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31, 1983
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12/31/85
Councilman Rich Theis Three Years 12/31/84
Councilman Bill Hawes Three Years 12/31/84
Councilman Gene Lhotka Three Years 12/31/85
Councilwoman Cecilia 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
Administrative Assistant Thomas Bublitz
Administrative Assistant Brad Hoffman
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 Truman Nelson
Assistant City Engineer James Grube
Street and Park Superintendent Henry Davis
Public Utilities Superintendent Craig Hoffman
Recreation Superintendent Arnold Mavis
Health Officer Duane Orn M. D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
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City of Brooklyn Center
LISTING OF CITY OFFICIALS
At May 31, 1984
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12/31/85
Councilman Rich Theis Three Years 12/31/84
Councilman Bill Hawes Three Years 12/31/84
Councilman Gene Lhotka Three Years 12/31/85
Councilwoman Cecilia 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 i�ichard Schieffer
Department Heads:
Finance Paul W Holmlund
Public Works Sy Knapp
Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald War.ren
Parks and Recreation Eugene Hagel
Assessments Peter Koole
Liquor Stores Truman Nelson
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
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ORGANIZATION CHART
COUNCIL MANAGER PLAN
Ci�y of Brooklyn Center, Minnesot�
ADVISOKY ELECTORATE CHARTER Cq�1MISSION
I
v ment Review Ad.
Capital Impro e
ADVISORY
Youth Advisory Commission
AUVISORY CITY COUNCIL
tiousing Canmission
ADVISORY CITY ATTORNEY
Conservation Canmission
Cit Mana er Administrative Assistant
ADVISORY Y 9
Eiuman Rights Commi ssion City C2erk
Purchasinq Officer
ADVI SORY
Parks and Recreation Commission
��=s
'v ssistants
ADVISORY
A
dministrati e A
r Planning Commission
I
Civil
Defense
I
I
1
I� I 1 1 I 1
DIRECTUR DIRECTOR CHIEF DIRECTOR DIRECTOR CHIEF MANAGER DIRECTOR ASSESSOR
Planning Finance Police of Parks and V�lunteer Liquor Public Tax
and Department Department_ Environmental Recreation Fire Store r Works Assessment
Inspection City Health Department Departinent Department Department
DeparUnent Treasurer Departlnent City
Government Enqineer
Buildinqs
r
Engineering Street Public
Division Division Utilities
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CITY GENERAL PROPERTIES
A. Civic Center (City Hall Community Centerl
B. West Fi�e Station Liquor Store No. 2
C. East Fire Station
PARK SYSTEM KEY o. ��quor store No. 1 I�eased Provertyl
1. Willow Lane Park 13. Grandview Park E. Liquor Store No. 3(Leased Property)
F. City Maintenance Building
2. Orchard Lane Park 14. Evergreen Park G. City Maintenance Annex
3. Kylewn Park 15. Bellvue Park H. Well No. 6, 1207 69th Avenue North
4. Lakeside Park 76. Marlin Park Well No. 7, 7230 Camden Avenue North
5. Brookla�e Park 17, Firehouse Park ,I, Water Tower No. 1
6. Wangstad Park 18. Riverdale Park K. Water TOwe� No. 2
7. Northport Park 19. Freeway Park L. Water Tower No. 3
8. Happy Hollow Park 20. Arboretum M. Lift Station No. t, 6112 Vincent Avenue North
9. Palmar Lake Park 21, River Ridge Park (Miss. River) N. Lift Station No. 2, 5450 Lyndale Avenue North
10. Garden City Park (Stete Owned)
11. Centnl Psrk O. Future Water Treatment and Mpintenance Annex
22, Twin Lake Beach Park P. Vacant
12. Lians Park (City State Owned) Q, Old Ciry Hall Site (Vacant)
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CITY
OF 6301 SHINGLE CREEK PARKWAY
B ROOKLYN BROOKLYN CENTER, MtNNESOTA 55430
TELEPHONE 561-54�0
E N EMERGENCY—POLICE—FIRE
TER 91
June 4, 1984
HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
CITY OF BROOKLYN CENTER
In accordance with State Statutes and Section 7.12 of the City Charter, I hereby
transmit the comprehensive Annual Audited Financial Report of the City of Brooklyn
Center as of December 31, 1983 and for the fiscal year then ended. Responsibility
for both the accuracy of the presented data and the completeness and fairness of the
presentation,including all disclosures,rests with the City. Management believes
that the data as presented is aceurate in all material aspects; thab 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 maximun
understanding of the City's financial affairs have been ineluded.
In developing and evaluating the City's accounting system, consideration is given
to the adequacy of internal accounting controls. Internal aceounting controls are
diseussed by the Finance Director in his accompanying letter of transmittal, and
within that framework, I believe, that the City's internal accounting controls
adequately safeguard assets and provide reasonable assurance of proper recording of
financial transactions.
This report has been prepared following the guidelines recommended by the Municipal
Finance Officers Association of the United States and Canada. The Municipal
Finance Officers Association awards Certificates of Conformance.to those
governments whose Annual Financial Reports are judged to conform substantially with
high standards of public financial reporting, including generally aecepted
accounting principles promulgated by the National Council on Goverrmental
Accounting. It is my belief that the accompanying fiscal year 1983 Finaneial
Report meets program standards, and it will be submitted to the Municipal Finance
Officers Association for review.
In aceordanee with the above mentioned guidelines,the aecompanying 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 goverrgnent accompanied by our independent auditor's
opinion; (3) Statistical Section, including a number of tables of unaudited data
depieting the finaneial history of the goverrunent for the past ten years,
information on overlapping governments, and other miscellaneous information.
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",7� �sac
MAYOR AND MEMBERS OF CITY COUNCIL June 4, 198�4
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.
Respectfully Submitted
Gerald G. Splinte
City Manager
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I CITY
OF 6301 SHINGLE CREEK PARKWAY
B ROO�LYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
E N T ER EMERGENCY—POLICE—FIRE
911
June l, 1984
Mr. Gerald G. Splinter
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The Comprehensive Annual Financial Report of the City of Brooklyn Center,
Minnesota for �he year ended December 31, 1983 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 the Municipal Finance Officers' Association of the
United States and Canada, the American Institute of Certified Public Account-
ants, the Minnesota State Auditor, and the City Charter. The format conforms
to the audit guide for Audits of State and Loca1 Governmental Units and to the
recent publication, Governmental Accounting, Auditing, and Financial Reporting.
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
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••7lcc =�o�«�►t'!u'.r.� �Il au C�
Mr. Splinter June 1, 1984
Council for the proper administration of all affairs relating to the City.
The City Manager is the chief accounting officer of the City and must provide
such information about the City as the Council may require. The offices of
City Clerk and City Treasurer are subordinate to, and appointed by, the City
Manager. The City Clerk has duties in connection with the keeping of the
�ublic records. The City Treasurer has duties in connection with the receipt,
disbursement and custody of public funds. The City Attorney is appointed by
the Council. All other officers and employees of the City are appointed by
the City Manager. Appointment or r�moval of department heads are made final
upon a majority vote of the Council.
ACCOUNTING SYSTEM ANL� BUDGETARY CO�TROL
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 o� assets against loss from unauthorized use
or disposition; and (2) the reliability of financial records for preparing
financial statements and maintaining accountability for assets. The concept
o� reasonable assurance recognizes that: (1) the cost of a control should
not exceed the benefit� 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 safeguard assets and
provide reasonable assurance of proper recording of financial transactions.
A summary of significant accounting policies is contained in Note l of the
No�es to Financial St�tements 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
�unds, and special assessment �unds, 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 operations. After the budget
resolution is adopted, the Council can increase the budget onl.y 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 reservations of fund balance
at December 31, 1983, since they do not constitute expenditures or liabilities.
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Mr. 5plinter June 1, 1984
THE CITY AND IT5 SER�7ICES
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 i.s an organized entitX: (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. Independent School District Nos. 286
(Earl 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 been excluded for
the same reason. State Aid insurance premium tax in the amount of $51,856
arid ad valorem taxes in the amount of $16,].33 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.
i The City provides the full range of municipal services contemplated by
statute or character. 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 capita2
requirements by the municipal liquor stores operations have been used toward
�'inancing current expense and capital outlay programs of the General Fund.
The financial condition of each of the City's funds as of December 31, 1983
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.
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Mr. Splinter June 1, 1984
GENERAL GOVERNMENT FUNCTIONS
As of December 31, 1983, the fund balance of the General Fund, which had not
been appropriated to a specific expenditure purpose, totaled $3,775,851.
This amount represents the working capital that is available to finance the
general operations of the City.
Revenues and other financing sources to be used for general governmental
operations totaled $6,669,295 in 1983, an increase of $731,600 over the
previous year. The following table presents an analysis of major revenue
and other financing sources of the General Fund for T983 and compares them
to 1982:
Increase
of (Decrease)
I983 Total T982 Frdm I982
Taxes, Ad Valorem $2,133,859 32.0� $1,935,403 198,456
Intergovernmental revenue 2,459,133 36.9 2,213,486 245,647
Charges for services 859,928 12.9 790,333 69,595
Licenses and permits 328,019 4.9 249,015 79,004
Court fines 154,812 2.3 146,204 8,608
Miscellaneous revenues 244,433 3.7 195,945 48,488
Other sources 489,T11 7.3 407,309 8I,802
Total $6,669,295 100.0� $5,937,695 731,600
Actual revenues and other financing sources exceeded the 1983 budqeted
amount by $1,264,255.
Expenditures and other uses of funds for general government operations
totaled $5,606,790 in 1983, an increase of $76,931 over the previous year.
The following table presents an analysis of major expenditure functions and
other uses of funds of the General Fund for 1983 and compares them to 1982:
Increase
of (Decrease)
1983 Total 1982 Frdm 1982
General Government $1,054,064 18.8� $1,007,781 46,283 i
Public 5afety 1,875,122 33.4 1,901,839 (26,717)
Public Works 1,288,081 23.0 1,213,941 74,140
Communi�y Health 28,663 .5 36,244 (7,581)
Parks and Recreation 1,268,907 22.6 1,122,299 146,608
Other uses 91,953 Io7 247,755 (T55,802)
Total $5,606,790 100.0� 55,529,859 76,931
Expenditures and other uses of funds were $690,130 less than the 1983 budgeted
amount.
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Mr. Splinter June 1, 1984
Ad valorem tax levies for the current year 1983 and for the two previous years
are summarized and presented below:
1983 I982 I981
Mill Mill Mill
Tax Levy Rate Am�un� Rate Amouri� Rate Amount
City Operations 12.473 $2,501,971 12.782 $2,307,841 12.824 $2,120,866
Debt redemption 1.853 371,841 2,035 368,001 2.288 378,610
Public Employees'
retirement I.645 329,T46 I.580 289,860 1.491 246,544
Total Levy 15.971 $3,202,958 16.397 $2,965,702 16.603 $2,746,020
Assessed Valuation 1983 1982 1981
Real estate $197,621,159 $178,984,374 $162,760,496
Non-exempt personal property 3,973,587 4,113,767 4,027,036
Fiscal disparities adjustment (T,437,243) (2;357,630) (1,680,827)
TotaT Assessed VaTuation $200,T57,503 $T80,740,511 $I65,106,705
Minnesota's Levy Lim�tation 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
levyo The law also provides certain mechanisms by wh'ich a municipality may
adopt levies outside the levy limitations. The following table summarizes
the City's compliance with the law for the years 1980 through 1983:
1983 I9F32 I98T 1980
Total tax levy $3,202,958 $2,965,Z02 $2,-746,020 $2,350,734
Less special tax levies 954,449' 3I4,348 938,957 538,041
Limited Levy $2,248,509 $2,651,354 $1,807,063 $1,812,693
Levy limitation 2,537,576 2,72T,309 2,026,714 1,819,897
Under Levy Limitation 289,067 69,955 219,651 7,204
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Mr. Splinter June 1, 1984
The State legislature enaeted �"Fiscal Disp�Y�ity Law" in 1971 which was not
implemented until taxes payable in 1975 because of a constitutional 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 ten years ago, contributed $12,935,430 in assessed
valuation. The fiscal desparities adjustments for the ten years are as
follows:
Year Assessed Value Net Received
Taxes Value Contri- Received or
Payable buted to "POOl° FYOm "Podl" (Cori�ribu�ed)
1975 2,355,241 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 3,6f66,177 (1,190,083)
1979 6,172,992 4,708,800 (1,464,192)
1980 8,086,801 6,254,605 (1,832,196)
1981 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 2T,050,949 T7,684,493 (3,366,456)
l0 Year Tota1 $90,029,396 $77,093,966 $(12,935,430)
The complete reporting of the General Fund financial operations and position i
can be found in the General Fund Section of this report.
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1 Mr. Splinter June 1, 1984
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, 1983 were as follows:
Ratio of Debt to Ratio of Debt to
Assessed Value Present Debt Per
Amount of Present Market MaYket V�I�te C�pita
Net direct
bonded debt $2,828,836 1.39� .36� 91.76
Outstanding general obligation bonds at December 31, 1983 totaled $7,585,000,
o� which $3,855,000 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
�roperty. Included also in the outstanding G.O. Bonds were $480,000 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 involvecl in the development
costs of a housing development project and are repaid £rom incremental taxes
from the City's Tax Increment Financing District. The remaining $2,320,000
is direct tax supported debt which is repaid by the proceeds of ad valorem
tax levies. During the pa�t year, $930,000 of general obligation tax increment
bonds were issued and $585,000 of general obligation bonds were retired.
Outstanding revenue bonds at December 31, 1983 totaled $400,000. 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 Moady's Investors Service bond rating of "A-1".
More detailed information about the debt position of the City can be found.in
the Statistical Section of this report.
CASH MANAGEMENT
The Investment Fund was established to provide a uniform and consistent means
for investing temporary surpluses of individual City Funds. Each individual
City Fund invests in 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
1 loan associations' savings certificates and City of Brooklyn Center
construction notes issued to provide temporary financing for construction.in the
special assessment funds.
The average yield on investments during the year was 10.33� and the Fund
distributed $1,791,694 in interest earnings to the participating funds.
-13-
1
Mr. Splinter June 1 1984
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 loc�l tax effort. During 1983, the City's allocation
totaled $153,179 and will be approximately $160,000 in 1984. The City
expended $360,731 of general revenue sharing funds in 19830
The reporting of all Special Revenue Funds' financial 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 received
from various sources (including transfers from the LCMR 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 S-1 of this report. During 1983, Capital
Projects Fund expenditures of $1,026,294 were made. The Fund Balance at
December 31, 1983 was $1,212,358. Of this amount, $270,760 was reserved
for unexpended appropriations, leaving an unreserved Fund Balance of
$941,598.
The Municipal State Aid for Construction Fund was established to account for
monies received from the Minnesota Department of T�ansportation and expended
for transportation related construction projects. The City expended $206,988
of municipal State aid for construction during 1983. The Fund Balance at
December 31, 1983 was $3,263,390 of which $34,745 was reserved for unexpended
appropriations and $1,634,239'was restricted to State approved projects,
leaving an unreserved Fund Balance of $1,594,406.
The reporting of these Funds' financial operations and positions can be
found in the Capital Projects Funds' Statements Section of this report.
PUBLTC UTILITIES �'UND
Comparative data for the City's Public Utilities operations for the past two
fiscal years are shown in the following table:
-14-
Mr. Splinter June 1, 1984
t 1983 1982
Water Department operating revenue 443,565 507,421
Sewer Department operating revenue 1,035,537 1,014,255
Water Department operating income: (98,828) 16,121
Sewer Department operating income (123,021) 21,311
Water Department net income 349,887 487,489
Sewer Department net income 127,803 190,273
Water customers at year end 8,470 8,326
Sewer customers at year end 8,480 8,480
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
1 profit of $].04,754 for the calendar year ended December 31, 1983. The
Liquor Fund transferred $115,000 during the year to the General Furid to
assist in the financing of City operating expenses. A condensed comparison
of the stores' 1983 operations with those of 1982 follows:
1983 1982
Sales $2,421,996 $2,469,630
Cost of Sales 1,908,786 1,967,921
Gros� Profit on Sales 513,210 501,709
Operating Expenses 4I4,344 407,I94
Net Operating Income 98,866 94,515
Interest and other income 5,888 7,657
Net Income I04,754 IO2,I72
Transfers to fhe General Fund I15,000 I00,000
-1�5-
Mr. Splinter June 1, 1984
1
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds are used to finance and account for the
construction of certain public improvements 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. Construction expenditures of
$111,673 were made from the Fund in 1983. The complete reporting of the
Special Assessment Funds' financial operations and position can be found in
the Special Assessments Funds' Sta�ements 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 (Public Utilities and Liquor). As of December 31,
1983, the general fixed assets of the City amounted to $23,799,979. 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 included in this report.
CERTIFICATE OF CONFORMAIQCE
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 genera3ly accepted accounting preinciples and
applicable legal requirements.
-16-
Mr. Splinter June 1, 1984
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 MFOA to determi,ne its eligibility
for a certificate.
ACKNOGTT,EDGEMENTS
t Z`he 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,
Q�..w
Paul W. Holmlund
Director of Finance
1
1
1
1
17_
Y
oen an��Pen�ti�, Ct
CERTIFIED PUBIIC ACCOUNTANTS
7035 WAYZATA BOULEVARD SUITE 210
MINNEAPOLIS, MINNESOTA 55426•1777
(612) 546-3306
MEMBERS
GEORGE D. BETTS. CVA AMERICAN INSTITUTE OF C►A'S
KENNETM P. JAEB, CPA MINNESOTA SOCIETV OF C�AS
1AME5 W. SEaFERT, CVA
URRV S. JACOBSON, CPA WTMER J. MOEN RETIREO
�/1RRV S. POPPLER, CYA Jur,a �.9 1984 OIVA ►ENTTIIA— RETIRED
t
Honorable 1�layor, and Members of the
City Council
City of Brooklyn Center, Minnesota
�Ve have examined the combined financial statements of the City of Brooklyn Center,
Minnesota and its combining and individual fund financial statements as of and for
the year ended December 31, 1983, as listed in the table of contents. Our examination
was made in accordance with generally accepted auditing stan3ards 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 Brookly;z Center at December 3�, 19$3, and the
results of its operations and the changes in financial position of its proprietary fund
types for the year then ended, in conformity with generally accepted accounting
principles applied on a basis consistent with that of the preceding year. Also, in our
opinion, the combining 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, 1983, their results of operations, and the changes in financial
position of individual proprietary funds far 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 individ�ial fund
financial statements. The accompanying financial information listed as supporting
schedules in the table of contents (schedules S-1, S-2, S-3) are presented for the
purposes of additional analysis and are not a required part of the combined financial
statements of the City of Brooklyn Center. The information has been subjected
to the auditing prc�Ledures applied in the examination of the combined, combi;zing, and
individual fund financzal statements and, in our opinion, is fairly stated in all
material respects in relation to the eombined financial statements taken as a whole
The accompanying statistical information presented in Tables 1 through 16 are not
necessary for 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,
ao /�,���i,e�Z
May 4, 1984 MOEN PENTTILA, LTD.
Minneapolis, Minnesota
-18-
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.
C� of Brooklyn Center EXHIBIT 1
All Fund Types and Account Groups (Continued next page)
COMBINED BALANCE SHEET
December 31, 1983
Proprietary Fiduciary Totals
Governmental Fund Types Fund Typea Fund Typea Account Groups (Memorandum Only)
spec�a� Ledt Copital Specinl General General Long- December 31,
General Revenue Service Projects Assessments Enterprise AQencY Fixed Assets Term Debt 1983 �b?
ASSETS
C+isti un h;ind und i» bnnks s 635 i 3,900 S 4,535 S 4,4�5
In� (at cost) (Note lE) 5,313,602 :1,131,359 5693,595 =4,551,258 =4,932,482 2,559,142 f 9.763 16,641,201 15,230
Receivab.es (net of uncollectible):
Aocounts 9,277 694 161,585 101,019 272,575 114,(���G
Taxes 234,750 3,989 46,648 1,400 286,787 390,G2i
S�acial assessments: Deferred 14,294 3,122,39? 3,136,641 3,&OR,545
Delinquent 513 156,928 6,929 163,870 14r;,1^y
Accrued revenue 187,153 137,153 13?,3i5
Uue from other funds 502,085 482,519 200,025 117,517 213,T18 371 1,516,235 552,527
Due from other governments 19,493 225,474 413,050 13,137 671,104 1i4.956
In���n.ories and sup plies (Note 1F) 76,578 266,915 343,493 3Q4,854
Pr�p:ud expenses ?,256 81,683 88,939 ]45,Q81
�est�icted investments and other assets 4,581,609 4,531,E09 4,(23,093
I3o�:d discounts 91,200 41,200 43,381
Prcperty, p:ant and equipment (Note 12) U,755,193 S2g.799.979 38,555,172 37,034.485
Less: Accumulated depreciation (5,547,926) (3,59�,926) (3.299.716)
Amo�nt available in Debt Service Funda S 878, 343 878, 343 4? 0, 270
Amour.t to be provided for General Long-
Term Debt 3,272,865 3,272,865 2,8Y3,036
TO T A L ASSET S �9,163,626 51,858,792 5890,268 55,081,825 58��28,310 519,008,625 =11,163 523,799,979 �4,151,208 ;67,093,796 562,599,111
�r r �r rr �■r �r
CitZr of Brooklyn Center EXHIBIT 1
All Fund Types and Account Groups (Continuecl frnm prior page)
COMBINED BALANCB SHEET
December 31, 1963
Proprietary Fiduciary Totals
Covernmental Fund T ea Fund Typea Fund Ty� s Account Grou s (�lemorandum Only)
apeciat OTt ap� a spectal General Gene�T.ong- December 31,
Generel Revenue Service Projects Assessments Enterprise A�[ency Fixed Assets Term Debt 1983 i982
LIABILITIES AND FUND EQUITY
Linbilities
Accounts payable 138,639 8,500 17,316 S 5,702 S 149,488 319,670 L 292.067
Contracts payable 2,000 107,359 67,250 176,609 840,109
P ue to other funds 395 637,184 11.925 481,4b2 185,469 199,860 1,516,235 552,527
Duc tu other guvernmetits 224,224
Accrued expenseslexpenditures 91,YT2 30,599 101,866 173,4G6
a.crued eacation nnd sick pay 51,905 30,869 s 259,523 342,297 50,149
Construction lonns payable temporary 91.047 252,372 343,419 132,493
Deferred revenue 14,244 3,12�,397 3,136,641 3,808.537
Re�•enue bonds payable 400,000 900,000 490,000
General obligation bonds payable 3,730,000 3,730,000 3,040,000
Specinl assessments bonds payable 3,855,000 3,855,000 4,200,000
Assessments on City prnperty 161,685 161,6&5 199,306
Total Liabilities 264,206 S 751,005 11.925 S 606,077 57.420,940 S 8T8.061 j -0- S -0- 54,151,208 514.083,422 513,946,8b8
Fund Equity
�ontrtbuted capital 510,220,291 s10,220.291 510,�14,999
Invested in generel fixed essets ;23,799,979 23,799,975 22,859,192
Retained earnings:
Reser�•ed
Restricted assets 336,624 •336,624 38T,143
Debt retirement i31,805 131,805 133.365
O
Construction 113,180 113,18U 102,585
►York.ing capital 620,000 620,000 620,000
Plant expansion 4.000,000 4,000,000 4,OQ0,000
Unreserved 2,708,664 2,708,664 2,199,736
Fund Balances:
Reserved:
Inventories and prepaid expenses 83,834 83,834 109,0's3
Subsequent year apprnpriations 19, 735 39, 735 228,197
Debt service (Notes 2,16) =660,717 716,567 1,377,284 (284,913)
Unexpended appropriations 89,975 S 505,505 (9,187) 386,283 1,246,7U2
Unreserved:
Designated for contributfons 614,980
Undesignated 3.775,851 1,017,812 217,626 4.170,ElS 11.163 9,192.695 6,220,704
Tutal Fund Equity 53,899.420 51,107,787 5878,343 t4,47S,7l8 S 707,370 �18,130.564 S 11.169 S2S.799,979 S -0- =53,010,394 =4B,652,223
TOTAL LIABILITIES AND FUND EQUITY �t,16�.846 :1,858,793 ;890.268 •=5.081,825 ;8,128,310 :18,008.825 11,163 S2S.799.999 :4.151.208 s67,093,796 562,599,111
(S�s notes to finandal statements)
C� of Srook� Center EXH[BIT 2
All Governmental Fund Types
COMSINED STATfiMBNT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCES
Year Ended December 31, 1983
TOtals
Specfal Debt Capital Special (Memorandum Only)
Ceneral Revenve Service Proiects Assessments 1983 1982
Revenues
Taxes and speciul assessments (current year) =2,133,859 5280,957 51.273,289 S 3,688,105 53,179,877
Licerses and permits 328,019 328,019 249,015
Intergovernmental 2,959,133 504,930 90,884 S 508,661 3,563.608 3,114,290
C harges f�r services 859,928 19,113 879,041 824,952
Court fines 154,812 154,812 146,204
Interest 173,126 55;337 449,030 373,452 1,050,945 970,370
6liscellaneous 71,307 388,674 1,898 80,374 542,953 236,758
T.�tul Rrvenues 56,180,184 S 912,91T 5429,076 51,038,065 51,64B,711 ;10,206,983 58.721,466
E�penditures
Current:
General �overnment f1,059,064 s 669,226 1,723,290 51,112,802
Public safetv 1,875,122 1,875,122 1,901,839
Streets and highways 1,288,081 1,288,081 1,213,941
Community health services 28,663 28,663 36,249
Parks and recreation 1,268,907 1,268,907 1,122,299
i ron-Departmental 91,953 91,953 299,653
tv Capital outlay =1,233.282 S 111,673 1,344,955 1,T11,385
Debt service:
Principal retirement f240,000 240,000 195,000
627 441 247 331 468
Interest and fiscal charges 210,620 230,
Total Expenditures 55,606,790 S 669,226 5450.620 51,233,282 342,300 8,302,218 57,874,631
Excess (neficiency) of Revenues over Ex�enditurea 573.394 S 293,691 S(21,544) _(195,217) 51,304,941 1,904,765 S 646,835
Other Finar.cin� Sources (Uses}
Proceeds of Ceneral Obligation Bonds S 913,700 S 913,700
O pera:in transfcrs in (Note 9) S 469,111 =293,825 S 357,108 S 48,100 1,188,194 777,808
O perating transfers out (973,868) (99,276) (1,073,149) (677,808)
Tota] Other Sources (Uses) S 489,111 S(60,168) 5293.825 257,832 S 48,300' S 1,028,T00 100.000
Excess of Revenues and Other Sources O ver
(L'tider) Expenditures and Uther tTses ;1,062,505 S 163,523 5272,281 62.615 51,352,541 S 2.933,465 S 996,835
Fund Batance January 1 2.836,915 924,264 606,062 l.413.133 (645,171) 8.135,203 7.188,368
Fund Balance December S1 =5,899,420 f1,10T,787 ;878,343 =4,475.748 707,370 =11,068,668 58,135,203
(See note� to financi�l statea►ents)
r r■� �r i
C� of Brooklyn Center EXHIHIT 3
COMBINED STATE�IENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES BUDGBT (GAAP BASIS) AND ACTUAL
General and Special Revenue Funds
Yenr Ended December 31, 19t33
Genernl Fund Special Revenue Funds
Actual Over Actuel Ovcr
Budget Actual (Under) Budget Budget Actuai (Under) Budget
Revenues
'Paxes 52,195,977 ;2,133,659 (61,618)
Licenses and permits 202,589 328,019 125,430
Intergoverr.mental 2,2T8,963 2,459,133 180,670 S 505,Ofl0 S 504,930 S (�0)
Charges for services 753,578 859,928 106,350 22,000 19,113 (2,887)
Court fines 120,000 154,812 34,812
�liscellnneous 130,000 244,433 108,433 368,400 388,874 20,9i4
Total Revenues S5,686,107 56,180,184 494,077 S 895,400 S 912,917 S 17,S1i
Expenditui'es
C urrent:
General �;overnment 51,153,600 s1,054,069 s(99.536) 727,875 S 669,226 S(58,649)
Fnbli�� safety 1,966.6G6 1,875,f22 (91,544)
Str����ts nud hi�;hwnys 1,903,708 1,288,081 (115,627)
Cvmmunity hc:ilth services 29,700 28,663 (1,037)
Yarks and recreation 1,354,554 1,268,907 (85,647)
Non-Departmental 388,692 91,953 (296,739)
Total Expenditures 56,296,920 55,606,790 S(690.130) S ?27,875 S 669,226 S(58,699)
Excess (Deticiency) of Revenues Over�enditures =(610,813) S 573.394 S1,184,207 S 167,525 S 243,691 S 76.166
i Other Financi,^.� Sources (Uses)
Bond proceeds S 930,000 S 913,700 S(lE,'s00)
O perating transfers in S 409,063 S 489,111 80,048
Operating transfers out -0- -0- -0- (1,079,715) (973,868) 105.847
Total Other Financinq Sources (Uses) S 409,063 S 489,111 S 80,048 s(149,715) ;(80,168) S 89,547
Excess (Deficiency) of Revenues and Other
Sources Over Expenditures
and Other Uses t(201,T50) L1,062,505 =1,264,255 f 1T,810 183,523 S 165,713
Fund Ba3ance January 1 52,836,915 �2,836,315 924,264 929,264
Fund Balance December 31 t2,636,165 ;3,899,420 51,264,255 942,014 =1,107,78T S 165,713
(See notes to financial statements)
City of Brooklyn Center EXHIBIT 4
Propriefary Funds
COMBINED STATEMENT OF REVENUES, EXPENSES AND. CHANGES IN RETAINED EARNINGS
For the Year Ended Decemher .31., 1983
With Comparative Totals for the Y�.ar k�nded D�cember 31, 1,982
Enterprise Funds
Municipal Public
Liquor Utilities Total
Fund Fund 1983 1982
Operating Revenues
Gross Margin on product sales $513, 210 513, 210 501, 709
Charges for services $1, 479,102 1, 479,102 1, 521, 676
Total Operating Revenues $513, 210 $1, 479,102 $1, 992, 312 $2,023, 385
Operating Expenses
Personal services $247,812 254,480 502,272 478,593
Contractual services 113,576 1,067,014 1,180,590 990,039
Supplies and materials 11, 657 33, 611 45, 268 76, 335
Heat, light, power 21, 710 110, 628 132, 338 131, 960
Depreciation 12, 972 235, 238 248, 2I0 204, 382
Other 6,617 6,617 10,128
Total Operating Expenses $414, 344 $1, 700, 951 $2,115, 295 $1, 891, 437
Operating Income 98, 866 221, 849) $(122, 983) 131, 948
Non-Operating Revenues (Expenses)
Interest earned 5,888 693,155 699,043 726,420
Other revenue (expense) 23,656. 23,656 (59,652)
Interest and fiscal agent fees (17, 272); (17, 272) (18, 782)
Non-Operating Totals 5, 888 699, b39 705, 427 647, 986
Tricome Before Operating Transfers $104, 754 477, 690 582, 444 779, 934
O eratin Transfers (Out) $(115, 000) -0-. (115, 000) (100, 000)
P
Net Income $(10,246) 447,690 467,444 679,934
Retained Earnings January 1 231, 520 7, 211, 309 7, 442, 829 6, ?62, 895
Retained Earnings December 31 $221, 274 $7, 688, 999 $7, 910, 273 $7, 442, 829
(See notes to financiaT statements)
-23-
City of Brooklyn .Center EXHIBIT 5
Proprietary_ Funds GContinued next page)
COMBINED STATEMENT. OF CHAN.GES .IN .FINANCIAL POSITION
For .the Year. Ended December 31,. 1983
With Comparative Totals For the Year Ended December 31, 1982
Enterprise Funds
Municipal Public
Liquor Utilities Tota� s
Fund Fund 1983 1982
Sources of Financial Resources
Operations
Net inco,me for year $(10, 246)` $477, 690 $467, 444 $679, 934
Add: Items not requiring current
outlay Depreciafion 12, 972 235, 238 248, 210 204, 382
Total Resource.s Pravided
By Operatians 2, 726 $712, 928 $715,854 $884, 316
Contributions toward construction 5, 292 5, 292 56,137
Decrease in M, W. C. C. receivable 9, 509 9, 509 9, 274
Decrease in asses�ments receivable
deferred 41,010 41,010
Decrease in debt retirement
investm�nts 1, 560 1, 560 1, 915
Total Sources 2,726 $770,299 $773,025 $951,642
Uses of Financial Resources
Purchase of properties 209 $579, 691 $579, 900 $750,119
Payments to retire bonds 40; 000 40, 000 40, 000
Construction funds invest�d 10, 595 10, 595 10, 446
Increase in assessments receivable
deferred 17,305
Total Uses 209 $630, 286 $630, 495. $817, 870
Net Increase (Decrea�e) in
Working Capital 2,517 $140,013 $142,530 $133,772
-24-
r
Cit of Brookl n Cen er
y y t EXHIBIT 5
Proprietary Funds (Continued from prior page)
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1983
With Comparative Totals For the Year Ended December 31, 1982
Enterprise Funds
l�lunicipal Public
Liquor Utilities Totals
Fund Fund 1983 1982
Elements of Increase (Decrease)
in Working Capital
Temporary investments 52, 491 $(2, 269) 50, 222 $390, 889
Accounts receivable (1,538) (6,556) (8,D94) 3,228
Assessments receivable 1, 735 1, 735 835
Due from other funds (11, 725) (11, 725) 11, 976
Due from other governments 29, 79?) 29, 797) 40, 631)
Inventories 7,922 2,799 10,661 (12,730)
Prepaid expenses (14,281) 11,316 (2,965) 6,503
Accrued revenue 4, 778 4, 778 (27, 991)
Accounts payable 2,178 70, 99?) 68, 819) 33, 071
Contracts payable 53,198 53,198 64,868
Due to other funds (35,523) 181,916 146,393 (300,170)
Due to other governments 12,874 6,732 19,606 (1,093).
Accrued liabilities 21, 606) (1, 057) 22, 663) 5, 017
Net Increase (Decrease) in
r
Working Capital N $__2, 517 $14U, 013 $1-42, 530 $133, 772
(See notes to financial statements)
-25-
r
City of Brooklyn Center
NOTES TO FINANCIAL 5TATEMENTS
December 31, 1983
Note 1: Summary of Significant Accounting Policies
A. Fund Accounting
The accounts of the City .are organized on the basis of funds and
account groups, each of which is considered a sep�arate accounting
entity. The operations of each fund are accourited for with a separate
set of self-balancing accounts that comprise its assets, liabilities,
fund equity, revenues, and expenditures, or expenses, as appropriate.
Government res�urces are allocated to and accourited 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 i.n 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 furid of the
City It is used to accourit for alY financiai resnurces excep# those
required to be accourited for in another fund.
Special Revenue Funds SpeciaT Revenue Funds are ,used to account for
the proceeds of certain specific revenue sources that are legally
restricted to expenditures for specified purposea
Debt Service Funds Debt Service Furids 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 Furids Capital Projects. Furids are used to account for
financial" res�urces to be used for the acquisition or construction of
major capital facilities other than those financed by proprietary funds
or SpeciaT Assessment Furids.
Special Assessment Funds Special Assessment Furids are used to account
for the financing of public: improvements or services deemed to benefit
the properties against whicfi special assessments are ievied.
-26-
r
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 1: Summary of Significant Accounting Policies (continued)
PROPRIETARY FUNDS
Enterprise Funds Enterprise Furids are used to account for o eration
p s
that are financed and operated in a manner similar #o private business
enterprises where the intent is that the costs (expenses, including
depreciafion) of providing goods or services to the general public on a
continuing basis be financed or recovered primarily through user
charges.
FIDUCIARY FUNDS
Agency Furids Agency Furids are used to accourit for assets held b the
y
City as an agent for other government uriits.
B. Fixed Assets and Long-Term Liabilities
The accounting and reporting of fixed assets and long-term
liabilities associated with a furid are determined by its measurement
focus. All governmental furids are accourited for on a spending or
"financial flow" measurement, which means that only current assets and
current liabilifies are generally inciuded on their balance sheets.
Their reparted furid balance is considered a measure of t'available"
spendable resour�es�' Governmental. furid operating statements present
increases (revenues and other financing sources) and decreases
(expenditures and other financing uses) in net current assets.
Accordingly, they are said to present a summary of sources and uses of
'ravailable spendable resourcesd during a period.
Fixed assets used in governmental fund ty e o erations are
P P
accourited for in the General Fixed Assets Account_ Group, rather than
in the governmental furids. 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.
A1T fi�ed assets are valued at hisforical cost or estimated
hisforical cost if hisforical cost is uriavailable. Donated fixed
assets are valued at their estimated fair value on the date donated.
_27_
City of Brooklyn Center
NOTES TO FINANCIA�, STATEMENTS
December 31, 1983
Note 1: Summary of $ignificanf Accounting Policies (continued)
The fixed assets of the Liquor and Public Utilities Funds are
depreciafed using the straigfit-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 y�ars 100 years
Structure/improvements 30 yeaxs 25 years 3-10 years
Equipment 5-25 years 3-10 years
Public Uti2ity 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 bonfls, whicli are accounted for in Special Assessment Funds.
The two account groups differ from "furids" in that they are not
involved with measurement of results of operatioris. They are concerned
only with the measurement of financiaT position
Because of their spending measurement focus, expenditure
recognition for governmenta.l furid types is limited to exclude amounts
represented by noncurrent liabili�Eies. Since they do not affect net
current assets, such long-term accounts are not recngnized as govern-.
mental type e�enditures or �urid liabilities. They are instead reported
as liabilities in the General Long-Term Debt Accourit Group
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or
e�enses are recognized in the accounts and reported in the financial
statements. Bas3s of accounting relates to the timing of the measure-
ment made, regardless of #he measurement focus applied.
All governmental furids and agency furids are accounted for using
the modified accrual basis of accouriting. This means that their
revenues are recognized when they become measurable and available as
net current assets. SpeciaT assessments principal and interest and
property taxes are considered "measurable" when in the hands of inter-
mediary collecting governments and are recognized as revenue at that
1 time. Anticipated refurids 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�
-28-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 1: Summary of Significant Accountin� Policies (continued)
intergovernmental, charges for services, court fines and miscellaneous
revenues are considered 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 deffered revenues.
Expenditures are generally recognized under the modified 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 earned,
and their expenses 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
General Governmental Spending Modified Accrual
Special Revenue Governmental Spending Modified Accrual
Debt Service Governmental Spending Modified Accrual
Capital Projects Governmental Spending Modified Accrual
Special Assessment Governmental Spending Modified Accrual
Enterprise Proprietary Capital Accrual
Maintenance
Trust and Agency:
Agency Fiduciary Modified Accrual
D. Budgets and Budgetary Accountin�
The City follows these procedures establishing the budgetary data
reflected in the financial statements:
1. By the first regular Council meeting in September, the City
Manager submits to the City Council proposed operating budgets
for the fiscal year commencing the following January. The opera-
ting budgets include expenditures and the means of financing them
29_
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 1: Summary of Significant Accounting Policies (continued)
D. Budgets and Budgetary Accounting (continued)
2. Public hearings are conducted to obtain taxpayer comments.
3. The budgets are legally enacted through passage of a resolu-
tion by the City Council not later than the first week of October
4. The City Couricil must authorize transfer of budgeted amounts
between departments within any furid.
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 addi-
tional outside revenues.
6. All budget amounts lapse at the end of the year to the extent
they have not been expended.
7. Formal budgetary integratian is employed as a management
control device during the year for the General Fund and Special
Revenue Funds. Formal budgetary integration is not employed for
Debt Service Furids because effective budgetary control is
alternatively achieved through general obligation bond indenture
provisi�ns. Budgetary control for Capital Projects and Special
Assessment Furids is accomplished through the use of project
controls
8. Budgets �or the General and Spe�iaT Revenue Funds are adopted
on a basis consisfent with generally accepted accounting prineiples
GAAP
9. Budgetary control is maintained at the expenditure category
level within each activity. Budgetary control is maintained in
comphance with the City Council's directions. City departments
are not allowed to exceed budgetary expenditure totals for tY:e
dep��:rtn�ent
10. Budgeted amourits are as originally adopted, or as amended by
the City Couricil. Yndividual amendments were not material in
relatian to the original appropriations.
30-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 1: Summary of Significant Accouriting Policies (continued)
E Investments
Investments are stated at cost, which approximates market. Cash
balances from all funds are pooled and invested, to the extent
available, in authorized investments. Interest income on such
investments is recorded as earned, and alloca#ed to the respective
funds on the basis of the participating furids investment.
F Inventory
Inventories within the Water and Sewer Furid and the Municipal
Liquor Stores Furid are valued at the lower of cost (first-in, first-
out) or market. Inventory quantities are determined by utilizing
physical courits.
G. Encumbrances
Encumbrances accouriting, urider which purchase orders, contracts,
and other committments for the expenditure of monies are recorded in
order to reserve that portian of the applicable appropriatiQn, is
employed. Encumbrances outstanding at year end are reported as reser-
vatians of furid balances, sirice they do not constitute expenditures or
liabilities. They are reappropriafed in the succeeding year budget.
H Comparative Data
Comparative totals for the prior year have been presented in the
accompanying financial statements in order to provide an understanding
of changes in the City's financial positiari and operatians.. However,
comparative (i.e. presentatiori of prior year totals .by individual
furids) data have not been presented in each of the statements since
their inclusiori would make the statements uridul� complex and difficult
to read.
I. Total Columns on Combined Statements
Tota1 columns on the Combined Statements are captioned Memorandum
Only to indicate that they are presented only to facilitate financial
analysis. Data in these �olumns do not present financial position,
results of operations, or changes in financial position in conformity
with generally accepted accouriting principles. Neither is such data
comparable to a consolidation. Interfund eliminations have not been
made in the aggregation of this data.
-31-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
1 Note 1: Summary of Si ificant Accouritin Policies Qontinued
g
J. Proper.ty Tax
The City Council annually adopts a tax levy and certifies it to
the County for billing and collection prior to November 15 of the
preceding year. Taxes becnme an enforceable lien on the property on
January 1. The Courity is respansible for billing and collecting all
property taxes for itself, the City, the iocal School District and
other taxing authorities. These taxes are payable (by property owners)
by May 15 and October 31 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 becomes both
measurable and available to finaneQ expenditures of the current period.
K. SpeciaT Assessments
SpeciaT assessments are ievied 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 asses�ments are �ollectible over a term of years generally consis-
tent with the term of years of the related bond issue. Collection Qf
annual installments (including interest) is handled by the County in
the same manner as property taxes, Property owners are allowed to
prepay total future installments without inter�st or prepayment penalties.
The City recognizes special assessment revenue when it becomes
both measurable �nd available to finance bonded debt.
-32-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 1: Summar of Si nificant Accountin Policies (continued)
Y g g
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 amourit is determined to be excessive by the City Council or by
court action. If special assessments are delinquent 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 saie) 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 Accordin gly no allowance for potentially uncollectible
assessments has been provided.
Go rmm 'd
L. Local ve e t Ai
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 calendar year. The City recognizes local
government aid revenue when it bec�mes 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 furid specific City expenditures.
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 Pay Policies
The City pays employees severance pay upon termination of employ-
ment based on accumulated sicl� leave and accrued vacation. Accruals
are stated in the various furids.
33-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 2: Changes in Long-Term Debt
The following is a summary of bond transactions of the City for
the year ended December 31, 1983:
Debt Public Special
Service Utilities Assessments
Furid Furid Fund Total
Bonds payable
January 1 $3, 040, 000 $440, 000 $4, 200, 000 $7, 680, 000
Bonds issued 930, 000 930, 000
Bonds retired 240, OOD) 40, 000) 345, 000). 625, 000)
Bonds Payable
December 31 $3,730,000 $400,000 $3,855,000 $7,985,000
$878, 343 is available in Debt Service Furids for payment of General
Obligatiari Bond principal and inferest.
General Obligation Bonds
General Obligation Bonds are recorded in the General Long-Term
Debt Grou�i of Accounts and are backed by the full .faith. and credit of
the City, $930, 000 of general obligation tax increment bonds were
issued to finance a housing project for the elderiy urider the Housing
and Redevelopmenf Authority during 1983.
SpeciaT Assessment Bonds
These bonds are recorded as a liability in the Special Assessment
Funds and are payable primarily from speciaT assessments levied and
collected for local improvements. The �ity. has a contingent liability
relating to a pledge of fuil faith and credit on the Special Assessment
Bonds. The gen�ral credit of the City is obligated only to the extent
that liens foreciosed against properties involved in the special
assessment disfricts are insufficient to retire outstanding bonds.
i Note 3: Public Utilities Fund
Public Utilities Revenue bonds were issued during 1963 to finance
an additian to the water works system. These bonds, together with
related inferest and serviCe charges, are payable solely from the
operations of the Public Ufilities Furid and are not a general.
obligation of the City. The resolution authorizing and direeting the
i -34-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 3: Public Utilities Fund continued
issuance of these bonds contain covenants and restricfions ena�ted 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 accounting for the activities of the Public
Utilities Fund.
As required by Paragraph l0e of the issuing resolution, an
analysis of each accourit balance appears as follows•
Construction Account
Proceeds of bond sale $1, 000, 000
Add: Investment earnings through 1982 377, 521
1983 Investment earnings 10, �95
Total Investment Earnings 388,116_
Deduct: Construction expenditures through 1982 $1, 274, 9�6
Total construction e�cpenditures 1983 -0-".
Total Construction Expenditures $1, 274, 936
Construction Account Balance 113,180
Debt Retirement Account
Accumulated amounts set aside to meet 1983
requirements for interest and principal:
Investments with accrued interest 56, 805
Reserve account investments 75., 000
Total Debt Retirement Account 131, 805
A summary which reconciles restricted assets with earnings and
also compares appropriated earnings with restrictian requirements.as
set forth by the resolution authorizing the sale of revenue bonds is
presented as follows:
Revenue
Construction Bond Reser.ve
Account Accourit Account
Restricted Assets 12/31/83 $131, 805 56, 805 75, OOA
Appropriated Earnings at 12/31/83 $131, 805 56, 805 75, 000
-35-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 3: Public Utilities Fund (continued)
All bonds which mature on January 1, 1982 or thereafter are
subject to redemption (call) on January 1, 1974, or any in�erest
payment due thereafter in inverse-numerical order at p�r and accrued
interest and premium as follows:
If redeemed January l, 1981, or therafter, no premium.
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves
Pursuant to enacted Iegislation (Metropolitan Sewer Act Chapter
449 Session Laws) the Metropolitan Waste Control Commission as of
January 1, 1971, assumed ownership of all exisfing interceptors and
treatment works needed to implement a comprehensive plan for the
collection, treatment, and disposal of sewage in the seven county
metropolitan area.
-36-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
j
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves (continued)
Under the terms of the Act, the Commission is obligated to reim-
burse each local government for the cost of facilities acquired. This
cost or purchase price of facilities is based on depreciafed replace-
ment 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 0. 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
The installment credit for 1983 consisted of principal :and
interest and the amount of cred�t offset against 1983 sewer service
billings totaled $9, 509, leaving a balance due over the next 20 years
of $218, 593 as adjusted by the M. W. C. C.
Note 5: Special Assessment Funds
Special assessments which related to improvements.benefiting City-
owned properties total $161, 685 as of December 31, 1983�. The payment.
for these improvements (with no interest charge} has been scheduled
over a period extending through 1985. These assessments are
obligations of the general fund and payment is planned urider normal
budget procedures, whereby the needed monies will be appropriafed
during the years as each installment becomes due.
Note 6: Pension Plans and Pension Funds
The City participates in two p�nsion plans as follows:
1. All City employees, with the exception of �olunteer firemen,
who have a separate plan, are covered by the Public: Employees'
Retirement Plan. This plan is administered by an independent
agency of the State of Minnesota and is the central plan for
employees of governmental units within the State of Minnesota.
The City contributes, on behalf of its employees, 5.5$ to.12$
($258, 268 for 1983) of its employees' salaries to this plan, and
part of that contribution covers previously unfunded amounts.
The City contributed $125, 828 for 1983 to the Public Employees'
Retirement Plan for FICA.
_37_
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENT5
December 31, 1983
Note 6: Pension Plans and Pension Furids (continued)
Actuarial Valuations of Plan Benefits are as follows:
(Per PERA report of 6/30/83)
a. Minnesota Statues, Section 356.215, Subd. 4, provides
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 accrue:d
liabilities of the benefit plan, the actuary uses a 5 per�ent
interest rate assumption and assumes an annual growth rate
of 3 1/2 percent in member's salary.
b. The unfunded accrued liabilities of $401, 518,fi19 in the
Public Employees' Retirement Fund and $740, 409 in the Palice
and Fire Fund as of June 30, 1983, are the amounts.b� whicfi
reserves required to fund plan benefits exceed the assets of
the funds. In addition to the level normal cost, the actuarial
calculations included the amount of additional annual contri-
bution which would be required to retire the current urifunded
accrued liability by June 30, 2009.
PERA is a state-wide contributory retirement plan for
which an individual City's portion of the unfuridect.liabilify
is not available because no city is directly liable for an
unfunded liability under Minne sota law
c. Pension benefits are funded from member and employer
contributions and income from investment. of fund assets.
Public Employees Retirement Fund members belong to either
the Basic or Coordinated Plan. Coordinated members are
covered by Social Security and Basic members are not.. All
new members of the Public Employees Ketirement Fund must
participate in the Coordinated Plan Current eontributian
rates for the funds are as follows:
Unfurided
Additional
Employee Employer Employer
Public Employees Retirement Fund:
Basic Plan 8% 8 0 2 1/2$
t Coordinated Plan 4 0 4$ 1 ll2$
P o li ce a n d F i r e F u n d 8 0 1 2$
-38-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 6: Pension Plans and Pension Funds (continued)
2. The City contributes to the Brooklyn Center Firemen's Relie:f
Association, an independently administered retirement plan for the
City's volunteer firemen. The benefits of this plan are estab-
lished 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. Actu�arial studies of retirement needs are
made periodically to determine the contributions to the Association.
The Association had an unfunded accrued liability of $112, 437. The
City remitted $23, 065 to the Asociation in 1983. The City also
transmitted a State Aid payment in the amourit of $51, 856.
Note 7: Investment Trust
The Investment Trust was established in 1965 by Couricil action to.
provide a uniform and consistent method of investing temporarg sur.-
pluses of cash. Net income of the Trust is disfributecY annually to
each of the participating funds on the basis of the average yearly
investment maintained by each fund. The net income and the effective
rate of return on average investment by participating furids is shown
below by years.
Year ftate of Net
Return Income
1983 10. 33$ �1, 791, 69�
1982 11.34$ 1,,&'46;,6�2
1981 11.05$ 1,622,:451 r
1980 8. 87$ �1,;156, 46�
1979 8.45$ 978,180
1978 7.66$ ��g,gq9
1977 7.11$ 637,855
1976 6,86$ 592',:363
1975 7.15% 554,696
1974 7.66$ �D3,710
1973 6. 63$ �3��., 221
1956-1972 2.77$ 6.66$ 1,��8,379
Total Distributed Earnin s 1956 1983
g $12, 569, 980
39-
i City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 8: Agency Funds
The Brooklyn Center Housing and Redevelopmenf Authority is no
longer considered a separate entity from the City. The City admin-
isters the Authority as a Special Revenue Furid of the City. The
Brooklyn Center Fire R.elief Associafion is a totally separate entity
from the City and is considered an agency account.
Note 9: Interfund Receivables and Payables
Individual interfund receivable and payable balances at December
31, 1983 were as follows:
Inter-Furid Inter-Fund
Fund Receivables Payables
General 502, 085 395
Community Development Block Grant 17, 860
Capital Projects 88, fi83 478, 032
Municipal State Aid for Constructian Fund 28, 834 3, 370
Special Assessments 213, 718 185, 469
Municipal Liquor 45, 523
Public Utilities 371 154, 337
Housing and ftedevelopment 482, 519 258, 593
Federal Revenue Sharing 360, 731.
G.O. Tax Increment Debt Service 200,025
1969 Building Bonds Debt Service 11,�925
$1,516,235 $1,516,235
Inter-Fund Transfers In Out
Operating Transfers:
General Fund 489,111
Federal Revenue Sharing 360, 731
Community Development Block Grant 91, 305
Capital Projects Fund 357,108
Municipal State Aid for Constructian 99, 276
Special Assessments 48,100
Municipal Liquor 115, 000
Housing and Redevelopment 521, 832
State Aid Street Bonds Debt Service 93, 800
G.O. Tax Increment Bonds Debt Service 200,.025
$1,188,144 $1,188,144
40-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 10: Special Revenue Funds
Federal ftevenue Sharing grants for the year ended December 31,
1983, by the entitlement period are as follows:
Entitlement Period/Quarter Amount
14 2,3,4 $113,545
15 1 39,634
Total $153,179
Note 11: Contingent Liabilities
The City participates in a number of federally assisfed grant
programs, principal of which are the General Revenue Sharing, Community
Development Block Grant, and Local Public Works programs. These pro-
grams are subject to program compliance audits by the grantors or their
representatives. The audits of these programs for or including the year
ended December 31, 1983 have not yet been conducted. Accordingly,
the City's compliance with applicable grant requirements wi11 be estabiis:hed
at some future date. The amount, if any, of expenditurps 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 material.
Note 12: Changes in Fixed Assets
General Fixed Assets
B alance B alan��
January 1, Acqui- Dec�mber 31,.
1983 sitions_ Dispasals 1983
Land 996, 487 36, 040 1, 032, 527
Buildings 3, 750, 381 708, 743 4, 459,124
Park properties 2, 782, 228 776 2, 783, 004
Furniture 382,929 2,854 385,783
Departmental equipment 2, 424, 035 164, 315 2, 588, 350
Storm sewers and streets 12,523,132 28,059 12,551,191
Total General Fixed Assets $22, 859,192 $940, 787 $-0- $23, 799, "979
41-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 12: Changes in Fixed Assets (continued)
Utility Plant in Service
Balanc� Transfers Balance
January 1, and Decemb�r 31,
1983 Additions Disposals 198�
Water Department
Mains and lines 5, 923, 686 $144, 284 6, 067, 970
Structures 1,363,745 385,021 1,748,:766
E q u i p m e n t 1 3 8, 0 2 9 2 8, 1 5 4 I 6 6, 1 8 3
Land 24,816 24,816
Total Water Department 7, 450, 276 $557, 459 -0-. 8,00.7, 735
Sewer Department
i Mains and lines 4, 870, 261 12, 201 4, 882, 462
Structures 742,780 50,879 793,659
Equipment 138, 029 28,154 166,183
Lan.d
Total Sewer Department 5, 751, 070 91, 234 -0- 5, 842, 304.
Construction in
Progress 776,384 -0- 69,002 707,382.
Totals $13,977,730 $648,693 69,002 $14,557,421
Liquor Fund Fixed Assets
Balance Balance
January 1, Dec+ember 31,
1983 Additions Disposals 1983�..
Land 5, 898 5,898
Equipment 136, 468 209 135, 677
Leasehold 56,197 56,197
Totals 197, 563 209 -0- 197, 772
42-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMfiNTS
December 31, 1983
Note 13: Summary of Debt Service Re�uirements to Maturity
General Obligation General Obligation
Year General Ob1iECation Bonds $pecial Assessment Bonds State-Aid Street Bonds Water Revenue Bonds Service Requirement
Principai interest Princi� Interest Principal Interest Princi� Interest Principal Interest
1989 195,000 S 219,625 650,000 S 275,279 60,000 29,940 40,000 15,600 945,000 540,444
1985 195,OU0 224,595 490,000 238,575 60,000 26,070 45,000 13,991 740,000 503,231
1986 215.000 Y10,458 325,000 210.935 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 10,530 695,000 911,829
1988 300,000_ 173,982 500,000 168,620 60.000 14,160 45,000 8,775 705,000 365,037
1989 325,000 151,833 280,000 147,480 60.000 10,125 45.000 7,020 710,000 316,958
1990 195,000 128,787 260,000 126,880 60,000 6.075 45,000 5,265 560,000 267,107
1991 355,000 108.��4 260,000 10Y,070 60.000 2.025 45,000 3,510 720,000 221,049
1992 400,000 79,998 200,000 88,150 45.000 1,755 645,000 169,903
1993 910,000 �8,968 175,000 71,587 585,000 120,355
W 1994 100,000 28,988 175,000 55,200 275,000 84,188
1995 100,000 20,588 175,000 38,988 2T5,000 59.0T6
1996 125,000 10,868 150,000 22,500 275,000 33,368
199? 60.000 2,700 15�,000 7,500 210,000 10,200
53,250,000 =1,602,673 ;3,855,000 $1.747,959 5480.000 5128.700 5400,000 S 78,T31 57.985,000 Z3,558,063
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 14: Additional Segment Information
Public Municipal
Utilities Liquor
Fund Fund Total
Net working capital 2, 532, 240 $169, 448 2, 701, 688
Total equity 17, 909, 290 221, 274 18,130, 564
Current capital contribution 5, 292 5, 292
Note 15: Industrial Development Revenue (IDR) Bonds
Industrial Development Revenue Bonds are payable solely from
payments derived from a revenue agreement between the City, 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 of 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 1980 750, 000
Commercial Partners/Brookdale 1980 6,ZOO,D00
S& S Real Estate (Swenson's Carriage
House) 1980 750,000
Brookdale Office Park Partners 1981 8, 000, 000
Shingle Creek Eleven Project 1981 1, 600, 000
Federal Lumber 1981 1, 500, 000
Brookdale Corporate Center I 1981 7, 550, 000
Shingle Creek Development Company 1982 2,172,150
The following Industrial Development Revenue Bonds have been
approved, but not yet issued:
Ryan Construction Co. (Byerly's) $10, OOU, 000
Brookdale Corporate Center II 8, 790, 000
-44-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1983
Note 16: Commitments
1. The City expects all contracts to be completed within one year.
2. Liquor Fund lease commitments for rental are as follows:
Store #1 lease requires payments of $1,137. 50 per month plus
pass-through expenses, and continued through
November 30, 1984. Current payments total
$1, 735. 41 per month.
Store #2 is City-owned.
Store #3 lease requires payments of $1, 666. 67 per month plus
pass-through expenses and cantinued thr.ough
November 30, 1984. Current payments total
$1, 762.83 per month.
Note 17: Reserves
1. Restricted assets reserve of $336, 624 consists of Metro Waste
Control Commission receivables ('$218, 593) and deferred assessments
($118,031) not available for current use.
2. Debt retirement reserve of $131,805 is required by bond indenture.
3. Construction reserve ($113,180) 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 ($39, 735) are unused appropriations
reappropriated the succeeding year and also may include fund balance
amounts appropriated to budget for succeeding year.
7. Inventories and prepaid expenses reserved in General Fund.
Note 18: Deficit Fund Balances
Deficit balances exist in the following funds:
Fund Amount
Diseased Tree (1,122)
Special Assessments 1969A 9, 612)
1976 (98,522)
1982 (1,735,846)
Construction 82, 859)
In all these funds except the Construction Fund, the collection of
special assessment levies are expected to exceed fund deficits.
Construction Fund deficits should be eliminated by issuance �f bonds
and levy and collection of special assessment�,
-45-
City of Brooklyn Center, Minnesota
GENERAL.FUND
The Cit of Brookl n Center Home Rule Charter rovides in S n
y y p ectio 7.11
that "there shall be maintained in the City Treasury a classification of
Funds which shall provide for a General Furid 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 res�lution"
The General Fund was established to accourit for all revenues and
expenditures which are not required to be accounted for in othex funds.
It has more diverse revenue sources tha� other furids,.. Th�s� 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, recreatian, and uriallocated general expenditures.
Revenues and expenditures in this Furid are recognized on the modified
ac�rual basis. Revenues are recognized in the accouriting period in which
they become available and measurable. Expenditures are recognized in the
accounting period in which the related liability is incurred.
1
City of $rooklyn_ Center A-1
�eneral. Fund
COMP�4RATIVE Bt�LANCE .SHEET
December 31, 1983 and 1982
.Totals
1983 i982
ASSETS
Cash 635 595
Temporary investments 3, 313, 602 2, 826, 786
M Accounts receivable 9, 277 3, 685
Taxes receivable 234, 750 248, 320
Due from other furids 502, 085 80, 649
Due from other governments 19, 443 31, 892
Inventory of supplies 76, 578 48, 600
Prepaid insurance 7, 256 60, 433
T_OTAL ASSETS $4,163, 626 $3, 300, 960
LIABILITIES AND FUND BALANCE
Liabilitie s
Accounts payable 138,634 193,896
Contracts payable 2,000 32,537
Due to other furids 395 52, 797
Accrued salaries payable 71, 272 165, 535
Accrued vacation and sick pay 51, 905 19, 280
Total Liabili�ies 264, 206 464, 04b
Fund Balance
Reserved For inventories and prepaid expenses 83, 834 109, 033
For subsequent-year appropriatians 39, 735 228,197
Unreserved fund balance 3,775,851 2,499,685
Total Fund Balance $3, 899, 420 $2, 836, 915
TOTAL LIABILITIES AND FUND BALANCE $4,163,626 $3, 300,.960
(See notes to financial statements)
46-
City of Brooklyn Center A-2
General Fund
STATEMENT OE REVENUES, EXPENDITURES .AND .CHANGES IN
FUND BALANCE BUDGET. (G�AAP BASIS} .AND ACTUAL
Year_ Ended December 31, 198"3
With Comparative Actual Amounts for the Year Ended Dec�mber 31, 1982
1983 1982
Actual Over
Budget Actual. (Under) Budget Actual
Revenues
Ad valorem taxes $2,195,47? $2,133,859 (61,618) $1,935,403
Licenses and permits 202, 589 328, 019 125, 430 249, 015
Intergovernmental 2,278,463 2,459,133 180,670 2,213,486
Charges for services 753,'578 859, 928 106, 350 790, 333
Court fines 120,000 154,812 34,812 146,204
Miscellaneous 136, 000 244, 433 108, 433 195, 945
Tota1 Revenues $5,686,107 $6,180 184 494 077 5 530 386
Expenditures
General government $1,153, 600 $1,_054,.064 99, 536) $1, OOT, 781
Public safety 1, 966",'666 1, 875,122 91, 544) 1, 901, 839
Streets and highways 1,403,708 1,288,081 (115,627) 1,213,941
Community and health services 29,'l00 28, 863` (1, 037) 36, 244
Parks and recreatiori 1, 354, 554 1, 268, 907 85, 647) 1,122, 299
Non-Departmental 388, 692 91, 953 (296, 739) 247, 755
Total Expenditur.es $6,296,920 $5,606,790 (690,130)' $5,529,859
Excess (Deficiency) .of
Kevenues Over
Expendit.ures 61"0, 813) 573, 394 $1,184, 207 527
Other Financing Sources. (Uses:):
Operating transfers in 40g,D63 489,111 80, 048 407, 309
Operating transfers out -0-' -0- -0- -0-.
Total Other Financing
Sources (Uses) 40'9., 063 489,111 80, 048 407, 309
Excess (Ueficiency) of Revenues and
Other Financing Souxces Over:..
Expendit.ures and Other {Uses) ${201, 750) $1, 062, 505 $T, 264., 255 407., 836
Fund Balance January ;1 2, 835,'915 2, 836, 915 3, 029, 079
Residual transfers:
To Capital Projects Fund 600, 000)
Fund Balance December 31 $2, 635,165 $3, 899, 420 $1, 264, 255 $2, 836, 915
(See notes to financiaT statements)
47-
City of Brooklyn Center A-3
General Fund (Continued. next page)
STATEMENT OF. REVENiJE BTJDGET AND ACTUAL
OBJEC.TIVE. CLASSIFIC.ATION-
For the Year 1983 with Comparative Actual for 1982
1983 1982
Actual Over
Budget Actual (Under) Budget Actual
Ad Valo'rem Taxes
Real estate taxes $2,145,477 $2,090,470 (55,007) $1,885,760
Penalties and interest 50, 000 43, 389 6, 611) 49, 643
Total Ad Valorem Taxes $2,195, 477 $2,133, 859 61, 618) $1, 935, 403
Licenses and Permits.
Liquor and beer 89, 455 108,172 18, 717 122, 026
Building permits 40, 000 84, 032 44, 032 41, 803
Mechanical permits 15, 000 24, 764 9, 764 12,174
Electrical permits 15, 000 18, 831 3, 831 9, 243
Food licenses 11,.300 15,210 3,910 12,036
Plumbing permits 5, 000 19, 770 14, 770 5, 278
Rental dwelTing permits 6,'60U 9, 631 3, 031 10, 801
Sewer and water permits 3,-000 10,150 7,150 4, 870
Dog licenses 3, 500 6,163 2, 663 4, 220
Swimming pool licenses 2, 685 2, 880 195 2, 719
Service station licenses 1, 960 2, 363 403 1, 808
Mechanical licenses 2, 200 2, 443 243 2, 772
Miscellaneous business licens�s 1, 350 1, 405 55 3, 798
Garbage iicenses 1, 300: 1,105 (195) 1, 280
Vehicle deaier licenses 90U" 900 900.
Cigarette iicenses 850 869 19 936
Sign permits 30U' 2, 800 2, 500 495
Taxicab licenses 500" 1, 000 500 500
Bowling licenses 700" 976 276 460
Lodging establishments 489 456 (33) 497
All other licenses and permits 500. 14, 099 13, 599 10, 399
Total Licenses and Permits_ 202., 589 328, 019 125, 430 249, 015
Intergovernmental
Federal grants:
Miscellane,ous small grants 17, 2T2. 8, 704 8, 50:8.) 18, 610
Total Federal Grants 17, 212 8, ?04 8, 508). 18, 610
State grants:
MiscelTaneous small grants $-0-_ 6, 786 6, 786 6, 414
Total State Grants $-0- 6,786 6,786 6,414
-48-
City of Brooklyn Center A-3
General Fund (Continued next page)
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJECTIVE CLASSIFI�t�TION
For the Year 1983 With Comparative Actual for 1982
1983 1982
Actual Over
Budget Actual (Under) Bud�et Actual
Inter�overnmental _(continued�)
State shared taxes:
Local government aid $1,447,611 $1,627,078 179,487 $1,416,015
Reduced assessments 14,41? 14,417 -0- 13,443
Homestead credit aid 6?1, 223 671, 223 -0- 610, 398
Fixed machinery tax 1,000. 1,371 371 1,357
Police pension aid 68', 000 77, 698 9, 698 79, 329
Firemen pension aid 5S, 000 51, 856 7,144) 67, 920
Total State Shared
Taxes $2,261,251 $2,443,643 182,39� $2,188,462
Total Intergovernmental.
Re�en�ue $2,278,463 $2,459,133 180,670 $2,213,486
Charges for Services
Inter-Fund charges
Adminisfratian
Public Utility Fund 107,269 10?, 269 -0- 99, 814
Liquor Fund 37, 060 36, 072 988) 31, 683
Other Funds 1,?85 1,785 2,180
Engineering and clerical fees 50, 000 144, 364 94, 364 154, 009
General government charges 15,780 32,598 16,81$ 19,357
Public safety charges 9, 396 13, 523 4,127 13, 424
Recreation fees 534,073 524,317 (9,756) 468,503
Other charges 1,363
Total Charges for
Services 753, 578 859, 928 106, 350 790, 333
Court Fines
Fines 120,000 154,812 34,812 146,204
Tota1 Court Fines 120,000 154,812 34,812 146,204
Miscellaneous
Rent l0, D00 9, 685- 315) 11, 986
Inter�st on investm�nts 100.,000 173,126 73,126 168,�31
Other 26,U00 64,222 38,222 15,728
Total Miscellaneous 136, 000" 247,A33 111, 033 195, 945
Total Revenue. $5, 686,107 $6,182, 784 496, 677 530, 386
49-
1 Cit of Brookl n Cen
Y Y ter A-3
General Fund (Continued from prior page)
STATEMENT OF REVENUE -.BUDGET AND ACTUAL
OBJECTIVE CLASSIFIGATIO. N
For the Year 1983 With Comparative Actual for 1982
1983 1982
Actual Over
Budget Actual (Under) Bud�et Actual
Other Financing Sources
Operating transfers in 409, 063 486, 511 77, 448 407, 309
Total Other Sources 409,063 486,511 77,448 407.,309
Total Revenue_and Other Sources $6, 095,170 "$6, 669, 295 $__574,125 $5, 937, 695
(See notes to: financial statementsj
-50-
City of Brooklyn Center A-4
General Fund (Continued next page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
For. the Year. Ended- Dec�mber 31;. 1983.
With Comparative Actual Arnounts for the Year Ended December 31, 19$2
1983 1982
Eietual Over
Budget Actual (Under) Budget Actual
General Government
Mayor and Council:
Personal services 24,812 1Z,892 (6,920) 17,900
Services and other charges 25, 428 24,'373 (1, 05.5) 31, 481
Total Mayor and
Counc� 50,"240 42, 265 7, 975) 49, 381
Charter Commission
Services and other charges 1, 500 359 (1,141) 123
Total Charter.
Commission 1, 500 359 (1,141) 123
Administratiue office:
Personal services 203, 534 185, 865 $(17, 669) 169 069
Supplies 1, 204.
Services and other charges 20,100 16, 317 (.3, 783) 14, 828
Capital outlays 9, 05.0 8, $33 217) 731 i
Total Adminisfrative
Office 232, 684� 211, 015 21, 609) 185, 832
Elections and voter
regisfratian
Personal services 5, 715 3, 952 (1,. Z63) 894
Services and other charges 10, 525 5, 696 (4, 829) 11, 437
Total Electians 16, 240 9, 648 (6, 592)` 19, 331
Assessor's office:
Personal services 132, 482 112, 693 $(19, 789) 104, 084
Supplies 1, 985 963 (1, 022) 991
Services and other char�es 6, 663 4,.478 2,185) 4, 851
Capital outlay 80.0: 838 38 389
Total Assessor's Office 141, 930 118, 972 22, 958) 110, 315
Finance
Personal services 199, 402 189, 39? $(10, 005) 180, 934
Supplies 144
Services and other charges 750 825 75 383
Capital outlay 650 541 (109) 683
Total Finance 200, 802 190, 763 $(10, 039) 182,144
-51-
1 City of Brooklyn Center A-4
General. Fund (Continued next page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
For the Year Ended December 31, I983
With Comparative Actual Amounts for the Year Ended December 31, 1982
1 1983 1982
Actual Over
Budget Actual (Under) Budget Actual
General Government (continued)
Independent audit
Services and other charges 18,000 10,083 (7,917) 15,248
Total Independenf Audit 18, 000 10, 083 7, 917) 15, 248
Le gal
5ervices and other charges 135,000. 134,217 (783) 107,133
Tota1 Lega1 135,OOU 134,217 (783) 107,133
Government buildings:
Personal services 180,695 161,082 $(19;613) 149,633
Supplies 16, b00 18, 388 1, 888 18, 211
1 Services and other charges 99,880 100,551 671 68,12$
Capital outlay 60,129 56, 721 3, 408) 102, 302
Total Government
Buildings 357, 204" 336, 742 20, 462) 338, 274
Total General Government $1.,153, 60U $1, 054, 064 99, 536) $1, 007, 781
Public Safety
Police protection
Personal services $1,368,403 $1,317,415 (50,988) $1,247,745
Supplies 25, 335 16, 832 8, 503) 11, 380
Services and other charges 93,547 104,614 11,06.7 84,671
Capital outlay 52, 226 5I, 306 920) 58, 965
Tota1 Police Pro#ectian $1, 539, 511 $1, 490,16T $(49, 344) $1, 402, 761
Fire protection
Personal services 148,409 124,360 $(24,049) 136,989
Supplies 9, 985 7, 86�2 2,123) 9, 729
Services and other charges 22,848 17,423 (5,425) 13,927
Capital outlay 10,'480 10, 406 74) 136, 635
Total Fire Protection 191,722 160,051 $(31,671) 297,280
Protective inspection;
Personal services 165,669 158,417 (7,252) 149,784
Supplies 750 708 (42) 540
Services and other charges 10, U23 9, 898 (125) 7, 087
Capital outlay 1, 792 2, 201 409 409.
1 Total Protective
Inspectian 178,234 171,224 (7,010) 157,820
_52_
1
City of Brookiyn Center A-4
General Fund (Continued next page)
STATEMENT OF EXPENDITUR.ES COMPARED TO BUDGET (GAAP BASIS)
For the Year Ended Dec�mber 31, 198"3
With Comparative Actual Amounts for the Year Ended December 31, 1982
1983 1982
Actual Over
Budget Actual (Under) Budget Actual
Public Safety (continued)
Emergency preparedness:
Personal services 36,794 34,426 {2,368) 27,567
Supplies 465 148 (317) 47
Services and other charges 5, 365 6,146 781 5, 255
Capital outlay 1, 557 1, 294 (281) 1,193
Total Emergency
Preparedness 44,199 42,014 (2,185) 34,062
Animal control:
Services and other charges 13, 000 il, 666 (1, 334) 9, 916
Total Animal Con#rol 13, 000 11, 666 (1, 334) 9, 916
Total Public Safety $1, 966�, "666 $1, 875,122 91, 544) $1, 901, 839
Public Works
Engineering Department:
Personal services 283, 605 271,130 .$(12, 475) 258, 096
Supplies 4, 500 4, 331 (169) 3, 211
Services and other charges 6,U00 2,.697 (3,303) 1,975
Capital outlay 4, 990 3, 991 999) 3, 800
Total Engineerin� 299, 095. 282,149 $(16, 946) 267, 082
Street Department
Personal services 391, 90Z 385, 834 6, 068) 359, 302
Supplies 150,950 126,820 (24,130) 135,121
Services and otMer charges 5, 225 1, 050 4,175) 6, 831
Capital outlay 66", 000_ 66, 920 920 7, 769
Total Street 614,077 580,624 $(33,453) 509,023
Maintenance shop
Personal services 113, 311 107:, 052 6, 25'9) 104, 481
Supplies 184, 300 1,35, 443 (48, 857) 156, 938
Services and other charges 28, 500 '�8, 30'I 9,_807 26, 847
Capital autlay 975. 902 73) 13, 734
Total Main�enance. Shop 327, 086 281, ?04 $(45, 382) 302, 000
Traffic signals and lights:
Supplies 750 35 715) 221
Services and other charges 162, 700 143, 569 (19,131) 135, 615
Total Traffic Signals 163, 450 143, 604 $(19, 846) 135, 836
Total Public Works $1, 403, 708 �1. 288. 081 $(115. 627) �l, 213, 941
-53-
1 City of Brooklyn Center A-4
General .Furid. (Continued next page)
STATEMENT OF EXPENDITURES _COMPARED TO BIJD.GE� (GAAP BASIS)
For. the Year Ended_ I3ecemb�r 31,. 1983.
With Comparative Actual Amounts for the Year Ended December 31, 1982
1983 1982
Actual Over
Budget Actu�l (Under) Budget Actual
Community. Health. Services
Heaith regulation
Services and other charges 29,700 28,663 (1,037) 26,676
Total Heaith Inspection 29, 700 28, 863 (1, 037) 26, 676
Detached worker program:
Services and other charges 9, 568
Total Detached Worker 9, 568
Total Commuriity Health 29, 700 28, 663 (1, 037) 36, 244
Parks and Recreatian
Administration
Personal services 169,878 161,455 (8,423) 152,059
Supplies 5, 400 5, 077 323) 3, 483
Services and other charges 20,.500 13, 901 (.6, 599) 17, 588
Capital outlay 6, 610 7, 392 782 490
Total Adminisfrati�ri 202", 388 187, 825 $(14, 563) 173, 620
Adult programs:
Personal services 1, 000 T, 000 -0- 10, 851
Supplies 17, 404 28, 804 11, 404 22, 946
Services and other charges 130, 090 110, 666 (19, 424) 69,142
Total Adult Programs 148, 490 140, 470 8, 020) 102, 939
Teen programs:
Personal services 3,100' 1, 571 (1, 529) 1, 880
Supplies 220 605 385 284
Services and other charges 1, 250 1, 568 318 2, 255
Total Teen Programs 4, 570 3, 744 826) 4, 419
Children's programs:
Personal services 17, 900 22,188 4, 288 13, 685
Supplies 6, "200 6, 881 681 6, 293
Services and other charges 19,230 11,258 (7,972) 11,894
Total Children's Programs 43", 330 40, 327 3, 003) 31, 872
-54-
l
City of Brooklyn Center A-4
General Fund (Continued from prior page)
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (GAAP BASIS)
For the Ye.ar Ended December 31., 1983
With Comparative Actual Amounts for the Year Ended December 31, 1982
1983 1982
�ctual Over
Budget Actual (Under) Budget Actual
Parks and Recreation (continued)
General programs:
Personal services 21,900 21,231 (669) 25,989
Supplies 4, 370 l, 925 (2, 445) 6, 766
Services and other charges 32, 515 30, 249 (2, 266) 27, 251
Total General Programs 58, 785 53, 405 5, 380) 60, 006
Community Center:
Personal sErvices 171,365 165,443 $(5,922) 152,803
Supplies 32, 570 33, 596 1, 026 30, 489
Services and other charges 125, 430 120, 002 5, 428) 109, 630
Capital outlay 34, 730 36, 632 1, 902 27, 597
Total Commuriity Center 364, 095 355, 673 8, 422) 320, 519
Park maintenance
Personal services 355,891 325,985 $(29,906) 315,563
Supplies 43, 850 40, 366 3, 484) 25, 493
Services and other charges 50,"450 37,602 (12,848) 32,521
Capital outlay 82, 705 83, 510 805 55, 347
Total Maintenance 532, 896 487, 463 $(45, 433) 428, 924
Total Parks and
Recreation $1, 354, 554 "$1, 268,�907 $(85, 647) $1,122, 299
Non-Uepartmental
Expenditures not charged
to departments:
Personal services 154,141 55, 701 98, 440) 86, 890
Supplies 17, OOU 15, 245 (1, 755) 14, 506
Services and other charges 217, 5�1 21, 007: (196, 544) 114, 383
Capital outlay 31, 976
Total Non-Departmental 388, 692 91, 953 296, 739) 247, 755
Total Expenditures $6, 296, 920 '$5, 606, 790 690,130) $5, 529, 859
(See notes to financial statements) 1
-55-
City of Brooklyn Center, Minnesota
SPECIAL REVENUE FUNDS
The S ecial Revenue Funds were established to account for revenues derived
P
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 furid 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.
The City's SpeciaT Revenue Funds included in this seetion are
Federal ftevenue Sharing Furid: This Fu�ic� was estabiished to account for
funds received unc�er the "State and Local Fiscal Assistance Act of 1972" as
amended in 1976."
Anti-Recession Fiscal Aid Furid This Furid was established to account for
funds received urider "Title II of the Public Works Employment Act of 1976"
Public Employees Retirement Furid; This Fund was originally established to.
account for the central collection of employer and employees' share to pay
employee pension contributions urider various pension programs. Pension
contributions are now processed through each individual Furid.
Diseased Tree Removal Furid: This Fund was established to accourit for the
collection of resources and expenditure of these resources for diseased tree
control
LCMR and Lawcon Eurid This Furid was established to accourit for land and
water conservatiari furids received from federal and state grants. Transfers
axe made from this Furid to the Capital Projects Fund where accouriting for
project costs takes place.
Commuriity Development Block Grant Furid The Furid was established to
account for funds received urider Tit1e 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.
Open Space Land Acquisitian Fund: This �'urid was established to account for
funds received #rom federal, state, and courity g'rants for financial assis-
tance for the acquisitian of public open space iands within the community.
Housing and Redevelopmenf_ Authorit�i. Fund: This Fund was established to
account for the Housing and Redevelopmenf Authority (HRA) of Brooklyn
Center.
r
Cit of Brooklyn Center
Specia� Revenue Funds
COMBINING BALANCE SHEET
DeCember 31, 1983
With C�mparative Totals or December 31, 1982
Federal Anti-Receasion Public Diseased Community Open Space Hovaing and
Revenue Fiscal Employees Tree LCMR and Development I.artid Redevelopment
Sharin� Aid Retirement Removal Lawcon Block Crent Acquisition Authority 1983 1982
ASSET5
Temporary uivestments =458,059 S 2.l77 =597.188 s 70,772 f 5.868 =1,131.359 t891,336
Accounts receivable 694 699 1,208
Taxes receivabie:
Deferred special assessmenta 14,244 14.244
Delinquent:
Special assessments 513 513 245
Ad valorem 2,699 1.290 3,989 2,851
Due from other funds 482,518 482,519 12,i50
D ue from other governmenta 39,634 89.975 S 85.865 225,474 55,07&
TOTAL ASSETS 5497,687 s 2,477 =599.68T 15,451 =160,747 95,66 t 2,869 �483,809 :1,858,792 5963,9G6
LIABILITIES AND FUND BALANCH
Liabilities
Accounts payuble 2,215 227 6,088 8,530 S i,196
Due to other funds =360.731 17,860 258,593 637,184
D ue to other governments 32,006
Deferred revenue 14,244 14,294
Temporary construction loan 114 5.206 85.727 91,047
Total Liabilities �360,731 S S-0- S 16,573 f-0- 23,293 S-0- 5350,908 S 751,005 i 39,202
i
cn
Fund $alances
Reserved S 89,975 S 89.975 5614,980
C�nreserved ;136.956 2,d7T S599.88T S(1.122) 70,772 T2,572 S 2.869 5133,901 1,017,812 309,284
Total Fund Balances 5136,956 j 2,477 5599,887 S(1.122) S160.747 S 72.572 S 2,869 5138.401 51,107,78? 5924,264
TOTAL LIABILITIES AND FUND BALANCES �997,687 2,477 5599,88T S 15,451 s160.747 S 95,865 2.869 :483,809 51,856,792 S9G3,466
ESee notea to financial atatements)
City of Brooklyn Center
Special ftevenue Funds.
COMBINING STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANGE�
Year Ended December 31, 1983
With Comparative Totals for the Yea.r Ended December 31, 1982
Federal Revenue Sharin� Fund
Over
(Under)
Revenues Bud�et Actual Budget
Intergovernmental:
Federal grants 155,00 153,179 (1,821)
Total Inter�overnmental 155, 00 153,179 $(1, 821)
Charges for services:
Fees
Administrative
Total Char�es for Services -0- -0-
0
Miscellaneous:
Interest on investments 3Q,000 35,942 5,942
Other
Total Miscellaneous 30,.000 35, 942 5, 942
Total Revenues 185, 000 189,121 4,121
Expenditures
Personal �ervices
Services and other charges 66 66
Total Expenditures -0- 66, 66
Excess (Deficit) of Revenues Over
Expenditures 185, 00.0 189, 05.5 4, 055
Other Financin� Sources (Uses)
Proceeds of G.O. bonds
Operating transfers out 382, 715) 360, 731) 21, 984)
Total Other Financin� t
Sources (Uses) $(382, 715) $(360,.73I) $(21, 984)
Excess (Deficit) of Revenues and Sources
Over Expenditures and Other Uses $(197, 715) $(171, 676) 26, 039
Fund Balances January 1 308, 632 308, 632
Fund Balances December 31
Reserved
Unreserved 110,917 136,956 26,039
Total Fund Balanced December 31 110, 917 136, 956 26, 039
-57-
Anti-Recession Fiscal Aid Fund P 1'
ub ic Employee Retirement Fund
Over Over
(Under) (Under)
Bud�et Actual Bud�et Budget Actual Bud�et
0 -0- -0- -0- -0- -p-
I -0- -0- -0- -0- -0- -0-
i 200 223 23 50,000 53,862 3,862
200 223 23 50,000 53,862 3,862
200 223 23 50,000 53,862 3,862
4,875 3,814 $(1,061)
-0-.. -0- -0- 4,875 3,814 �(1,061)
200. 223 23 45,125 50,048 4,923
,-0- -0- -0- -p- -p- -p-
200 223 23 45,125 5Q�048 4,923
2,254 2,254 549,836 549,839
2,454 $2,477 23 $594,964 599 887 4 92
3
$2,477 -_Y 23 $594,964 $599,887
58-
City of Brooklyn Center
Special Revenue �'unds
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE�
Year Ended December 31, 1983
With Comparative Totals for the Year Ended December 31, 1982
Diseased Tree Removal Fund
Over
(Under)
Budget Actual Budget
Kevenues
Intergovernmental:
Federal grants
Total Intergovernmental -0- -0- -0-
Charges for services:
Fees 20,000 17,298 (2,702)
Administration 2, OOU 1, 815 (185)
Tota� Charges for Services 22, 000 19,113 $(2, 887)
Miscellaneous
Interest on investments
Other 6,000 5,979 (21)
Total Miscellaneous 6, 000 5, 979 21)
Total Re;venues 28, 000. 25, 092 $(2, 908)
Expenditures
Personal services
Services and other charges 20,000 20,471 (471)
Total Expenditures 20, 000 20, 471 471)
ExCess (Deficit) of ftevenues Over
Expenditures 8, UOU 4, 621 (3, 379
Other Financin� Sources (Uses)
Proceeds oY G.O. bonds
Operating transfers out
Total Other Financing
Sources (Use�) -0-. -0- -0-
Excess (lleficit) of Revenues and
Sources Over Expenditures and
Other Uses 8,000 4,621 (3,379)
Fund Balances January 1 (5, 743) (5, 743)
Fund Balances December 31
fteserved
Unreserved 2,257 (1,122} 3, 379)
Tota1 Fund Balances December 31 2, 257 $(1,122) 3, 379)
59-
Community Development
LCMR and Lawcon Fund Block Grant Fund
Over Over
(Under) (Under)
Bud.get Actual Budget Bud�et Actual Budget
120,000 120 55 230,000 231,696 1,696
120,000 120,055 55 230,000 231,696 1.696
-0- -0- -0- -0- -0- -0-
5,OOU 5,631 631
5,000 5,631 631 -p-
0 0
125,000 125,686 686 230,000 231,696 1,696
8 000
7,677 (323)
30,.000 30,080 80 65,000 61,682 (3,318)
30,000 30,080 80 73,000 69,359 (3,641)
95,000 95,606 606 157,000 162,337 5,33?
(90,000) 91 305 1
�305
.-0- -0- -0- (90,000) (91,305) 1,305
95 000 95 606
606 67,000 71,032 4,032
65,141 65,141 1,540 1,540
89, 975 89, 975
70,166 70,772 606 68,540 72,572 4,032
160,�141 747 606 68, 540_ $__72, 572 4, 032
-60-
City of Brooklyn
Special Revenue Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1983
With Comparative Totals for the Year Ended December 31, 1982
Open Space Land Acquisition Fund
Over
(Under)
Revenues Bud�et Actual Budget
Intergovernmental:
Federal grants
Total Intergovernmental -0- -0- -0-
Charges for services:
Fees
Administrative
Total Charges for Services -0- -0- -0-
Miscellaneous
Interest on investments 200 268 68
Other
Total Miscellaneous 200 268 68
Total Revenues 200 268 68
Expenditures
Personal services
Services and other charges
Total Expenditures -0- -0- -0-
Excess (Deficit) of Revenues Over
Expenditures 200 268 68
Other Financin� Sources (Uses-)
Proceeds of G.O, bonds
Operating transfers out
Total Other Financing
Sources (Uses) -0- -0- -0-
Excess (Deficit) of Revenues and Sources
Over Expenditures and Other Uses 200 268 68
Fund Balances January 1 2, 601 2, 601
Fund Balances December 31
Reserved
Unreserved 2,801 2,869 68
Total Fund Balances December 31 2, 801 2, 869 68
(See notes to financial statements) -61-
Housing and Redevelopment
Authority Fund Totals
Over Uver
(Under) (Under)
Budget Actual Budget Budget Actual Budget
505,000 504,930 (70)
-0- -0- -0- 505,000 504,930 (70)
20,000 17,298 (2,702)
2,000 1,815 (185)
-0- -0- -0- 22,000 19,113 (,2,887)
7,000 8,567 1,567 92,400 104,493 12,093
270;OOA 278;402 8,402 276,000 284,381 8,381
277,OOU- 286,969 9,969 368,400 388,874 20,474
277,000 286,969 9,969 895,400 912,917 17,517
8,000 7,677 (323)
600,.000 545,436 (54,564) 719,875 661,549 (58,326)
600,000 545,436 (54,564) 727,875 669,226 (58,649)
$(323,000) $(258,467) 64,533 167,525 243,691 76,166
930,000 913,700 (16,300) 930,000 913,700 (16,300)
(607,000) (521,832) 85,168 (1,079,715) (973,868) 105,847
323,000 391,868 68,868 (149,715) (60,168) 89,547
-0- 133,401 133,401 17,810 183,523 165,713
924,264 924,264
89,975 89,975
-0- 133,401 133,401 852,099 $1,017,812 165,713
-0- 133,401 133,401 942,074 $1,107,787 165,713
-62-
City 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-term, general
obligation debt other than that payable from special assessments and debt
issued for and serviced primarily by the City.
The Debt Service Funds are maintained on the modified accrual basis of
accounting. Revenues are recogriized in the accounting period in which they
become available and measurable. Expenditures are recognized in the
1 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 Furid was established to.account for the
accumulation of resources for payment of principal and interest on general
obligatiQn bonds authorized by the electorate in 1957 to finance various
park improvements.
Library BQnds Debt Service Fund: This Fund was established to account for
the accumulation of resources for payment of principal and interest on general
obligatiQn bonds authorizeci by the electorate in 1964 to finance the constructian
of the City Library. The Library tn�as sold to Hennepin Courity during 1969
and the proceeds of the sale are used for making principal and inferest payments.
The taxes levied for debt redemptian have been cancelled.
General Obligation State Aid Street Bonds Debt Service: This Fund was
established to acco�nt for the accumulatiori of resources (which include a
combination of state aid allotments and special assessments) for payment of
principal and interest on bonds icsued in 1970 to finance a comprehensive
1 improvement and upgrading of those arterial streets which qualify as state.
aid routes.
1969 Building and Tmprovement Debt Service Furid: This Fund was established
to account for the accumulation ot resources for payment of principal and
inter�st on general obligation bands authorized by the electorate in 1968 to
finance constructiori of the Civic Center, MuriicipaI Service Garage, East
Fire Station, and the development of exisfing parks.
Park Bonds of 1980 Debt Service Fund: This Furid was established to account
for the accumulation of resources for payment of principal and interest on
general obligation bonds authorized by the electorate in 1980 to finance the
improvement and equipping of parks, parklands and related public recrea-
tional facilities. These improvements include neighborhood parks, Central
Park, Palmer Nature Center, Shingle Creek Trailway and the Arboretum.
General Obligatian Tax Increment Bonds of 1983 Fund: This Fund was
established to account for the accumulation of resources for payment of
principal and interest on general obligatiQn bands issued in 1983 to finance
purchase of land and installatian of utilities for housing for the elderly.
w■� r r r �r r
City of Srooklyn Center C-1
Debt Service Funds
COMBiNING BALANCE SHEET
December 31, 1983
With Comparative Totals or December 31, 1982
State Aid Improvement Park G.O. Tax Increment
Park Library Street t Buiiding Bonds Bonds Totals
Bonds Bonds Bonds Bonds of 1980 of.1983 1�83 1982
ASSETS
Tenporary investments :153,613 ;?3,365 3,495 =28�,090 j125,032 :643,595 5560,894
Tsxes receivable:
Delinyuent 1,028 30,346 15,274 46,646 47,066
D ue from other funds 5200,025 200,025
:OT AL ASSETS 5159,641 S 73,365 3,995 5318,436 5140,306 5200,025 Sg90,268 5607,960
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payabie 1
D ue to other funds 11,925 11,925
Totnl Linbilities -0- -0- S -0- S 11,925 -0- -0- 11,925 S 1,898
Fund B:il:inces
I:eserved 10,380 S 3,495 ;306,511 S190,306 ;200,025 ;660,717 ;910,270
L'nreserved 5159,641 62,985
217,626 195,792
Total Fund Balances ;154,691 73,365 S 3,995 E306,511 5190,306 5200,025 5878,393 5606,062
i
O� TOTAL LIABILITIES AND FUND BALANCES i159,641 73,365 S 3,495 5318,936 5140,306 5200,025 5890.268 5607,960
w
i
(See notes to financial statements)
City of Brooklyn Center C_2
Debt Service Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGESIN FUND BALANCBS
Year Ended December 31, 1983
With Comparative Totals for the Year Ende�December 31, 1982
State.Aid- ImproYement Park G.O. Tax Increment
Park Library Street Building Bonds Bonds Totals
Bonds Bonda Bonds Bonds of 1980 of 1983 1983 1982
Revenues
Get�eral property taxes 5153,686 5127,271 =280,957 5368,001
Interest on investments S 19,376 7.859 1,613 28,305 3,184 55,337 53,773
lntergovernmental revenue State
shared taxes: State grants S 99.714 41,170 gp,ggg
Other 1,698
1�898 27:390_
Total Revenues 14,376 7,859 S 3,511 5231,705 ;171,625 =-0- ;429,076 5949,164
Expenditure5
Principt�] S 10,000 60,000
Interest 5130,000 f 40,000 s240,Q00 ;195,000
R60 33,750 63,706 112,020 210,230 224,100
Fiscal e�;et1Y fees 21 66 199 304 380 397
Other
1�898
T�tal Expenditures S-0- S 1Q.,781 S 93,816 5193.899 5152.i24 S-0-
5450,620 S92T,395
Excess (Deflicit) of Revenues Over�enditures Sll,376 ;(2,822) j(90,305) 37,806 19,501 =-0- E(21,544) 27,769
Other Fin:�ncin� Sources (Uses)
Operciting transfers m- S 93,800 5200,025 �293,825 70,192
Excess (Deficit) of Revenues and Other
Sources Oc_er-,�enc]itures j 14,376 =(2,922) s 3,955 3T,806 3 19,501 �200,025 j272,281 S 97,.�61
Fund Balances January 1 ;140.265 S76,28? -0- 268,705 120,805 -0- 606,062 508,101
Fund Baiances December.31 s154,641 :T3,365 S 3.495 S306,511 :140,306 =200,,025 :878,393 5606,062
(See notes ta financial atatements)
r� r ri
City of Brooklyn Center, Minnesota
CAPITAL PROJECTS FUNDS
The Capital Projects Furids were established to account for all resources
used for the acquisition of capital facilities by the City except those
financed by SpeciaT Assessment and Enterprise Furids.
The Capital Projects. Funds are maintained on the modified accrual basis of
accounting. Revenues are rec�gnized in the accounting period in which they
become available and measurabie. Expenditures are recognized in the
accounting period in which the related liability is incurred.
The City's Capital Projects Furids included in this sectiQn are:
Capital Projects Furid This Furid was established in 1968 to provide funds,
and to accourit for the expenditure of such funds, for major capital outlays
(which shall include, but not be limited to, constructian or acquisitiQn of
major permanent facilities having a relatively long life) andlor to reduce
debt incurred for capital outlays. The sources of revenue for the Fund
include ad valorem taxation, tran�fers from other Funds, issuance of bonds,
federal and state grants, and int�r�st earnings.
Municipal State Aid for Constructiari Fund: This Furid was established to
account for the state allotment of gasoline tax collections used for
trans�ortation related constructiQn projects.
r
City of Brooklyn Center D-1
Capital Projects Funds
COMBINING BALANCE SHEET
December 31, 1983
With Comparative Totals for December 31, 1982
Municipal
Capital State Aid
Projects for Totals
Fund Construc. tion 1983 1982
ASSETS
Temporary investments $1,726,027 $2,825,231 $4,55I,258 $4,884,230
Due from other funds 88, 683 28, 834 117, 517 384, 002
Due from other governments 413, 050 413, 050 13, 048
TOTAL ASSETS $1, 814, 710 $3, 267,115 $5, 081, 825 $5, 281, 280
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable 16, 961 355 17, 316 980
Contracts payable 107,359 107,359 654,713
Due to other funds 478, 032 3, 370 481, 402 1�8, 824
Due to other governments 73, 630
Total Liabilities 602, 352 3, 725 606, 077 868,147
Fund Balances
Unexpended appropriations 270, 760 3, 745 305, 505 $1,197,190
Balance restricted to State-
approved projects 1,634,239 1,634,239 1,366,220
Unreserved 941,598 1,594,406 2,536,004 1,849,723
Total Fund Balances $1, 212, 358 $3, 263, 390 $4, 475, 748 $4, 413,133
TOTAL LIABILITIES AND FUND BALANCES $1, 814, 710 $3, 267,115 $5, 081, 825 $5, 281, 280
i
1
(See notes to financial statements)
-65-
City of Brooklyn Center D-2
Capital Projects Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1983
With Comparative Totals for the Year Ended December 31, 1982
Municipal
Capital State Aid
Projects for _Totals
Fund Construction 1983 1982
Revenues
Intergovernmental
State grants 508,661 508,661 458,096
Interest on investments 170,777 278,253 449,030 445,805
Other 80,374 80,374 40,813
Total Revenues 251,151 786, 914 $1, 038, 065 944, 714
Expenditures
Capital outlays $1, 026, 294 206, 988 $1, 233, 282 $1,132, 585
Total E�enditures $1, 026, 294 206, 988 $1, 233, 282 $1,132, 585
Excess (Deficit) of Revenues
Over Expenditures 775,143) 579, 926 $(195, 217) $(1'87, 871�
Other Financing Sources (Uses)
Operating transfers in 357,108 357,108 207, 231
Operating transfers out 99, 276) 99, 276) (163, 268�
Total Other Financin� Sources (Uses) 357,108 99, 276) 257, 832 43, 963
Excess (Deficit) of Revenues and Other
Sources Over Expen�litures and
Other Uses 418, a35) 480, 650 62, 615. $(143, 908�
Fund Balance January 1 1, 630, 393 2, 782, 740 4, 413,133 3, 957, 041
Residual tranfers in 600, 000
Fund Balance December 31 $1, 212, 358 $3,263, 390 $4, 475, 748 $4, 413,133'
i
1
1
(See notes to financial statements)
-66-
CitY of Brooklyn Center S-1
Capital Projects Fund
PROJECT LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Be�innin� to December 31, 1983
Park Federal State Comm. Fund Total
Bonds Lawcon LCAiR D�velo� Balence Other Appropriations Expenditures
Central Park Landscaping 55,996 s 53,247 108,743 97,086
Central Park/Garden City Trail 8,500 S 92,500 34,000 85,000 85,5G7
Palmer Lake Basin 102,500 ?1,070 82,915 256,485 228.G89
Park Eonding Costs 17, 838 (159) 17, 6"9 17, 679
Central Park III 340,806 85,000 425,806 188,930
Arboretum 169,000 992 169,492 169,492
Neighbort�ood Parks 730,560 $125,004 98,091 72,038 975,693 933,264
Shingle Creek Trailway II 300 98,950 78,760 16,190 193,700 167,084
Centra] Park II 75,000 95,628 97,814 40,000 26,429 284,871 284,871
TOTAL PARK BOND PROJECTS f1,500,000 =307,698 5296,736 =165,004 S 1T6,043 S 72,038 ;2,517,969 52,172,657
Unallocnted Expenses T,281 7.281 11,556
Brcokwood Utilities 463,690 463,690 321,80?
117unicipal Garage Improvements 299,200 370,800 618,000 558,070
Lions' Park �Vest ?3,392 73,392 75.173
Civic Center Building Access S 20,000 20,000 8,520
M unicipal Service Garage Entry 6,304 6,309 6,304
Civic Center Access 200,000 97,100 297,100 275,045
Sidewalk Curb Cuts 12,000 12,000 10,086
Solar Demonstration Project 40,000 90.000 41.594
Roadwny Improvements a Signals 59,923 53,179' 113,102 113,102
Police Department Communicationa 225,000 225.000 220,308
i CEA P Services 194,000 149,000 199,000
Ci[y Hall Elevntor 65,000 65,000 52,G74
Garden City Park Shelter Building 25,869 35,000 60,864 60,869
Brooklane Park Shelter Building 42, 989 92, 989 42, 984
Salt Storage Building 74,816 74,816 79.816
Shingle Creek Relocation 30, 986 30, 986 30, 986
Shingle Creek Trailway I 71, 950 57, 560 183,614 313,124 289, 239
Central Park I 100,000 50,000 94,969 299,969 294,969
TOTAL PROJECTS s1,500,000 =979,598 5404,296 =302,004 51,223,3T6 ;1,460,807 ;5,370,081 ;4,749,799
(See notes to financial statements)
1
City of Brooklyn Center S-2
Municipal State Aid Construction Fund
PR,OJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1.983
Pro'ect A ro riation Ex enditures
J PP P P
Brookwood Sidewalk 24, 000 -0-
Channelization Highway #152 and 65th Street 3, 038 2, 916
Pedestrian bridge Brookdale 182, 005 171, 382
Totals $209, 043 $174, 298
Total Appropriations $209, 043
Less: Expenditures 174, 298
Unexpended Appropriations $_34, 745
(See notes to financial statements)
-68-
City of Brooklyn Center, Minnesota
SPECIAL. ASSES.SMENT F�UNDS
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
speciaT assessments levied against benefited properties, and ta pay
principal and interest on the general obligation special assessment bonds
sold to finance these improvements. The method of financing these
projects disfinguishes special assessment improvements from those which
benefit the entire City and whicli are financed by general revenues or
general obligation bonds.
The City's Special Assessment Eurids are mainfained on the modified
accrual basis of accouriting. Revenues' are recognized in the accouriting
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 issuect to finance
the various improvement projects contained therein
1
City of Brooklyn Center
Special Assessment Funds
COMBINING BALANCE SHEET
December 31, 1983
With Comparative Totals for December 31, 1982
Bond #1 1955A 1956AC 1956B 1957AB 1958A 1958B 1959AB 1960AB 1961AB
ASSETS
Temporary investments 3, 482 $118, 714 $232, 680 24, 644 59, 65S $178, 286 $150, 897 59, 223 $378, 032 $487, 436
Accounts receivable
Special assessments receivable
Deferred 196 3,411 5,287 93
Delinquent 14 137 687 544
Due from other funds 10, 750 30, 680
Bond discounts
TOTAL ASSETS 482 $118, 714 $232, 680 644 $_59, 659 $189, 036 $151,107 $_62, 771 $414, 686 $488, 073
I
LIABILITIES AND FUND BALANCES II
Liabilitie s
Accounts payable
Contracts payable
Due to other funds
Construction loans payable
Deferred revenue 196 3, 411 5, 287 93
Bonds payable
Total Liabilities -0- -0- -0- -0- -0- -0- 196 3,411 5,287 93
Fund Balances
Debt service �,482 $118,714 $232,680 24,644 59,659 $189,036 $150,911 59,360 $409,399 $487,980
Unexpended appropriations
Total Fund Balances 3, 482 $118, 714 $232, 680 24, 644 59, 659 $189, 036 $150, 911 59, 360 $409, 399 $487, 980
7
TOTAL LIABILITIES AND FUND BALANCES 3, 482 $118, 714 $232, 680 24, 644 59, 659 $189, 036 $151,107 62, 771 $414, 686 $488, 0 3
(See notes to financial statements)
-69-
E-1
Construction Totals
1963.A 1965A 1966A 1969A 1970 1973 1976 1982 Fun d 1983 1982
392,946 111,310 143,771 93,921 524,832 233,457 375,615 863,577 $4,432,482 $3,489,955
33,998 12,388 108,620 6,579 161,585
6,166 10,986 35,723 68,954 177,991 112,673 322,376 �2,32y,245 49,296 3,122,397
691 6fi4 1,105 1,467 47 ,756 15,382 18,475 70,006 �156,928 141,189
6,670 165,618 213,718 63,030
5,762 35,438 41,200 43,383
3,406,886 $8,128,310 $3,737,557
I
3,018 2,684 5,702 3,171
32,411
185,469 185,469 14,653
�52,372 252,372 132,493
6,166 10,986 35,723 68,954 177,991 112,673 322,376 2,329,245 49,296 3,122,397
15,000 20,000 70,000 105,000 330,000 185,000 505,000 2,625,000 3,855,000 4,200,000
21,166 30,986 105,723 173,954 507,991 297,673 827,376 5,142,732 304,352 $7,42Q,940 $4,382,728
385,307 91,974 74,876 (9,612) 248,350 97,837 (98,522) t1,735,846) (73,662) 716,567 (694,683)
9,197) 9,197) 49, 512
385,307 91,974 74,876 (9,612) 248,350 97,837 (98,522) $(1,735,846) (82,859) 707,370 (645,171)
406,473 122,960 180,599 164,342 756,341 395,510 728,854. 3,406,686 221,493 $8,128,310 $3,737,557
70-
r
I
Cit�r of Brooklyn Center g_y
SPECIAL ASSESSM�NT FUNDS
COMBINING STATSMBNT OF REVENUES, �XPENDITURES AIiD CHANGES IN FUND BALANCES
Year Ended December 31, 1983
With Comparative Total��the Year Ended December 31, 1982
Excess of
Revenues
Other And Sources
Revenues Other Sources Expenditures Uses O ver 1983
Fund interest on Assessment Translers Bond Construction Tr�ers Expenditures Funcl Balances Fund Salances
Total Investments Income In Totffi Interest And Other Out And Uses danuary 1 December 31
Sond Fund �1 326
326 3,156 3,982
1955A 326
11,114 11,114 11,119 107,600 118,714
1956A C 21,T83 21,T83 21,783 210,897 232,680
1956B 2,307 2,307 2,307 22.337 24,644
1 ���•�B 5,585 5,585 5,585 54,079 59,659
19 27,441 16,691 10,750 27,491 161,595 199,036
195SB 14,460 14,100. 360 14,460 136,451 150,911
19b9A B 6,829 5,437 1,392 6,829 52,531 59,3G0
19o0A B 67,553 35,256 1,617 30,680 67,553 341,846 409,399
7961A B 48,927 48,944 483 890 s 870 98,057 439,923 487,980
1963A 52,768 38,194 7,904 6,670 1,310 1,310 51,458 333,899 385,307
1965A 17,598 10,957 6,641 1,163 1,163 16,435 75,539 91,974
1966A 29,091 19,636 14,955 9,330 4,330 29,761 50,115 74,876
1969A 31,636 10,199 21,437 8,558 8,558
1970 23,078 (32,690) (9,612)
F-+ 176,064 53,912 122,152 32,018 32,018 194,046 104,309 298,350
19;3 128,971 2Z,941 106,030 11,948 11,448 117,523 (19,686) 97.83?
1976 136,974 29,959 107,015 27,686 27,686 109,288 (207,810) (98,522)
19g= 887.917 31,611 855,806 143,244 193,244 799,173 (2,980,019) (1,735,846)
Construction 27,997 27,997 111,693 S 111,674 (83,6T6) 817 (82,859)
Totuls 1983 s 1,694,891 373,452 S 1,273,288 s 48,100 342,300 230,627 S 111,673 =-0- 1,352,591 S(695,171) S 707,3T0
Totulsti 1982 1,317,148 $47,599 S 876.473 S 93,076 S 685,T71 106,267 579,504 ;-0- 631,377 S(1.276,548) _(645,171)
CSee notes to financiel statements)
I
City of Brooklyn Center S-3
Special Assessment Funds
PROJECT-LENGTH SC,HEDULE OF CONS�ION PROJECTS
From Beginning to December 31, 1983
Project (Overexpended)'
Unexpended
Type of Project Number Appropriations Expenditures Appropriations
Watermain 82-06 36, 312 33, 339 2, 973
Watermain 82- 07 36,140 37, 803 (1, 663)
Sanitary sewer 82-10 10,888 15,187 (4,299)
Watermain 82-11 10, 494 13, 914 3, 420}
Unallocated 2, 788 (2, 788)
93,834 $103,031 (9,197)
(See notes to financial statements)
-72-
of n
Crty Brookly Center, Minnesota
ENTERPRISE FUNDS
The Enterprise Funds were established to account for the financing of
self-supporting activities of the City whicli render services on a user
charge basis to the general public.
Revenues and expenses in these Furids are recognized on the accrual
basis of accouriting. ftevenues are recr�gnizec3 in the accounting period
in which they are earned and become vbjectively measurable. Expenses
i are recognized in the period incurred, if objectively measurable.
The City's Enterprise Furids included in this section are
Municipal Liquor Furid: This Furid was established to accourit for the
operations of the City's three muriicipal off-sale iiquor stores.
Public Utilities Furid This Fund was established to accourit. for the
operations of the City owned water and sanitary sewer systems.
I
I
I
I
City of Brooklyn Center
Enterprise Funds
COMBINING BALANCE SHEET
December 31, 1983
With Comparative Totals for December 31, 1982
Municipal Public
Liquor Utilities Totals
Fund Fund 1983 1982
ASSETS
Current Assets
Cash on hand 3,900 3,900 3,900
Temporary investments 52, 508 2, 506, 634 2, 559,142 2, 508, 920'
Accounts receivable 2,141 100,889 103,030 110,156
Less: Allowance for estimated
uncollectible 2, O11) 2, O11) (1, 043)'
Assessments receivable 6, 429 6, 429 4, 694
Due from other funds 371 371 12, 096
Due from other governments 13,137 13,137 42, 934
Inventories:
Materials �nd supplies 14, 405 14, 405 11, 666
Merchandise for resale 252, 510 252, 510 244, 588'
Prepaid expenses:
M.'W.C.C. charges 74,187 ?4,187 63,908
Rent 3,361 3,361 3,361
`Insurance 248 1,037 1,285 14,533
Maintenance 2, 850 2, 850 2, 846
Accrued water and sewer revenue 187,153 187,153 182, 375
Total Current Assets $315, 507 2, 904, 242 3, 219, 749 3, 204, 934
Restricted Assets
Temporary investments 4,000,000 4,000,000 4,000,000
Due from other governments 218, 593 218, 593 228,102
Debt retirement investments 131, 805 131, 805 133, 365
Construction funds invested 113,180 113,180 102, 585�
Assessments receivable deferred 118,031 118,031 159,041
Total Restricted Assets $-0- 4, 581, 609 4, 581, 609 4, 623, 093'
Fixed Assets I
Mains and lines $10, 950, 432 $10, 950, 432 $10, 793, 947
Structures 2,542,425 2,542,425 2,106,525
Equipment $135, 677 332, 366 468, 043 411, 526
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 707, 382 707, 382 776, 384
$197,772 $14,557,421 $14,755,193 $14,175,293
Less: Allowance for depreciation 145, 946 3, 401, 980 3, 547, 926 3, 299, 716'
Total Fixed Assets 51, 826 $11,155, 441 $11, 207 267 I
$10,875,577
TOTALS $367,333 $18,641,292 $19,008,625 $18,703,604
(See notes to financial statements)
73-
Y
F-1
Munici al Public
P
Liquor Utilities Totals
Fund Fund 1983 1982
LIABILITIES, CONTRIBUTIONS
AND ftETAINED EARNINGS
Current Liabilities
Accounts payable 60,153 89,335 149,488 80,669
Contracts payable 67,250 67,250 120,448
1 Due to other funds 45, 523 154, 337 199, 860 346, 253
Due to other governments 19, 606
Accrued liabilities 25, 757 4, 837 30, 594 7, 931
Accrued vacation and sick pay 14, 626 �6, 243 30, 869 30, 869
Current portion of long-term debt 40, 000 40, 000 40, 000
Tota1 Current Liabilities $146,059 372, 002 518, 061 645, 776
Long-Term Liabilities
Revenue bonds 400,000 400,000 440,000
Less: Current portion 40, 000 40, 000 40, 000
Total Long-Term Liabilities $-0- 360,D00 360, 000 400, 000
Fund Equity
Contributions $10, 220, 291 $10, 220, 291 $10, 214, 999
ftetained Earnings:
Reserved:
Metro Waste Control Commission 218, 593 218, 593 228,102
Debt retirement 131, 805 131, 805 133, 365
Construction funds 113,180 113,180 102, 585
Working capital 620, 000 620, 000 620, 000
ftestricted assesments 118, 031 118, 031 159, 041
Plant expansion 4,000,000 4,000,000 4,000,000
Unreserved $221,274 2,487,390 2,708,864� 2,199,736
Total Retained Earnings $221,274 7,688,999 7,910,273 7,442,829
Total Fund Equity $221, 274 $17, 909, 290 $18,130, 564 $17, 657, 828
TOTALS $367, 333 $18, 641, 292 $19, 008, 625 $18, 703, 604
M��__ 74-
City of. B.r.00klyn Center F-2
�nterprise Furids
COMBINING STATEMENT OF REVENUES EXPENSES AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1983
With Comparative Totals for the Year Ended December 31, 1982
Municipal Public
Liquor Utilities Totals
Fund Fund 1983 1982
Operating Revenues
Gross margin on product sales 513, 210 513, 210 501, 709
Charges for services $1, 479,102 1, 479,102 1, 521, 676
Total Operating Revenues 513, 210 $1, 479,102 $1, 992, 312 $2, 023, 385
Operatin� Expenses
Personal services 247,812 254,460 502,272 478,593
Contractual services 113,576 1,067,OZ4 1,180,590 390,039
Supplies and materials 11, 657 33, 61] 45, 268 76, 335
Heat, light, power 21,710 110,628 132,338 131,960
Depreciation 12, 972 235, 238 248, 210 204, 382
Other 6,617 6,617 10,128
Total Operating Expenses 414, 344 $1, 700, 951 $2,115, 295 $1, 891, 437
O�eratin� Income 98,866 (221,849) (122,983) 131,948
Nonoperating Revenues (�xpenses)
Interest earned 5,888 693,155 699,043 726,420
Other revenue (expense) 23,656 23,656 (59,652)
Interest and fiscal agent fees (17, 272) (17, 272) (18, 782)
Nonoperating Totals 5, 888 699, 539 705, 427 647, 986
Income Before Operating
Transfers 104, 754 477, 690 582, 444 779, 934
Operatin� Transfers (Out) 115, 000) -0- (115, 000) (100., 000)
Net Income $(10,246) 477,690 467,444 679,934
Retained Earnings January 1 231,520 $7,211,309 $7,442,829 $6,762,895
Retained Earnings December 31 221,274 $7,688,999 $7,910,273 $7,442,829
(See notes to financial statements)
7 5-
City of Brooklyn Center F-3
Enterprise Funds (Continued next page)
COMBINING STATEMENT OF CHANGES.IN. FINANC:IAL POSITION
For the Year Ended December 31, 1983
With Comparative Totals for the Year Ended Deeember.31, 1982
Municipal Public
Liquor Utilities Totals
Fund Fund 1983 198�
Sources of Financial Resources
Operations
1 Net income for year $(10, 246) $477, 690 $467, 444 $679, 934
Add: Items not requiring current
outlay Depreciation 12, 972 235, 238 248, 210 204, 382
Total Resources Provided
By Operations 2, 726 $712, 928 $715, 654 $884, 316
Contributions toward construction 5, 292 5, 292 56,1?7
Decrease in M. W. C. C. receivable 9, 509 9, 509 9, 274
Decrease in assessments receivable
deferred 41,010 41,010
Decrease in debt retirement investments 1, 560 1, 560 1, 915
Total Sources 2,726 $770,299 $773,025 $951,642
Uses of Financial Resources
Purchase of properties 209 $579, 691 $579, 900 $750,119
Depreciation on property sold 40, 000 40, 000 40,.000
Increase in restricted investments
Amortization of deferred gain
on sale of assets
Construction funds invested 10, 595 10, 595 10, 446
Increase in assessments receivable
deferred 17,305
Debt retirement investments purchased
Total Uses 209 $630, 286 $630, 495 $817, 870
Net Increase (Decrease) in
Working Capital 2, 517 $140, 013 $142, 530 $133, 772
-76-
City of Brooklyn Center F- 3
Enterprise Funds (Continu�� f�bn� prior page)
COMBINING STATEMENT OF CH.ANGES IN EINAN!CIAL POSITION
For the Year Ended December 31, 1983
With Comparative Totals for the Year Ended December 31, 1982
Municipal Public
Liquor Utilities Totals
Fund Fund 1983 1982
Elements of Increase (Decrease)
�n�: UVorkin� Ca�ital
TemporarY investments 52, 491 $(2, 269) 50, 222 $390, 889
Accounts receivable (1, 538) (6, 556) (8, 094) 3, 228
Assessments receivable 1, 735 1, 735 835
Due from other funds (11, 725) (11, 725) 11, 976
Due from other governments 29, 797) 29, 797 40, 631)
Inventories 7,922 2,739 10,661 (12,730)
Prepaid expenses (14, 281) 11, 316 2, 965) 6, 503
Accrued revenue 4, 798 4, 778 (27, 991)
Accounts payable 2,178 70, 997) 68, 819) 33, 071
Contracts payable 53,198 53,198 64, 868
Due to other funds (35,523) 181,916 146,393 (300,170)
Due to other governments 12, 874 6, 732 19, 606 (1, 093)
Accrued liabilities 21, 606) (1, 057) 22, 663) 5, 017
Net Increase (Decrease)
in Working Capital 2, 517 $140, 013 $142, 530 $133, 772
(See notes to financial statements)
i
I
-77_ 1
City of Brooklyn Center F-4
Municipal Liquor Fund
STATEMENT OF OPERATIONS
Year Ended December 31, 1983
With Comparative Totals for the Year Ended December 31, 1982
Year Ended December 31,
1983 1982
Sales
Liquor 808,782 $44,922
Beer 1, 249, 725 1, 244, 58b
Wine 306,146 326,991
Soft drinks 40, 876 39,117
Other merchandise 16, 467 14, 015
Total Sales (Net of Sales Taxes $2, 421, 996 $2, 469, 630
Less: Cost of Sales
Beginning inventory 244, 589 254,194
Purchases (Net of discounts) 1, 916, 707 1, 958, 316
Merchandise available for sale $2,161, 296 $2, 212, 510
Less: Ending inventory 252, 510 244, 589
Cost of Sales $1, 908, 786 $l, 967, 921
Gross Margin 513,210 501,709
Operatin� Expenses 414, 344 407;194
Operating Income 98, 866 94, 515
(See notes to financial statementsl
78-
City of BrQOklyn Center F-b
Municipal Liquor Fund
STATEMENT OF OPERATING EXPENSES
Year Ended December 31., 1983
With Comparative Totals for the Year Ended December 31, 1982
Year Ended Decamber 31,
1983 1982
Operating Expenses
Personal services:
Salaries and wages 209, 927 209, 849
Payroll taxes 18,990 19,004
Employee benefits 18, 895 10, 081
247,812 238,934
Contractual services
Professional services 2, 486 3, 778
Insurance 18,971 16,09.8
Maintenance and repairs 1, 758 6, 483
Rent and administration 74, 957 71, 968
Equipment rental 12, 572 10,025
Miscellaneous 2, 832 2, 454
113,576 110,806.
Supplies
General supplies 11, 657 13, 601
Heat, li�ht and power 21, 710 20, 983
Depreciation 12, 972 12, 959
Other 6,617 9,911
Total Operating 344
(See notes to financiaT statements
l
79
City of Brooklyn Center
Public Utilities Fund
Balance Sheet
December 31, 1983
With Comparative Totals for December 31, 1982
Water Sewer Totals
Accounts Accounts 1983 1982
ASSETS
Current Assets
Temporary investments 460,193 2, 046, 441 2, 506, 634 2, 508, 903
Accounts receivable 50,445 50,444 100,889 107,445
Assessments receivable 6, 429 6, 429 4, 694
Due from other funds 371 371 12, 096
Due from other governments 13,137 13,137 42, 934
Inventories materials supplies 14, 405 14, 405 11, 666
Prepaid expenses 75, 224 75, 224 63, 908
Accrued revenue 51, 467 135, 686 187,153 182, 375
Total Current Assets 583, 310 2, 320, 932 2, 904, 242 2, 934, 021
Restricted Assets
Temporary investments 3, 700, 000 300, 000 4, 000, 000 4, 000, 000
Due from M.W. C. C. 218, 593 218, 593 228,102
Debt retirement investments 131, 805 131, 805 133, 365
Construction funds invested 113,180 113,180 102, 585
Assessments receivable deferred 118, 031 118, 031 159, 041
Total Restricted Assets 4, 063, 016 518, 593 4, 581, 609 4, 623, 093
Fixed Assets
Mains and lines 4�, 067, 970 4, 882, 462 $10, 950, 432 $10, 793, 947
Structures 1,748,766 793,659 2,542,425 2,106,525
Equipr�ent 166,183 166,183 332, 366 276, 058
Land 24, 816 24, 816 24, 816
Construction in progress 608, 909 98, 473 707, 382 776, 384
8,616,644 5,940,777 $14,557,421 $13,977,730
Less: Allowance for depreciation 1, 766, 711 1, 635, 269 3, 401, 980 3,166, 742
Total Fixed Assets 6, 849, 933 4, 305, 508 $11,155, 441 $10, 810, 988
TOTALS $11, 496, 259 7,145, 033 $18, 641, 292 $18, 368,102
(See notes to financial statement:;
80-
i
F-6
Water Sewer Totals
Accounts Accounts 1983 1982
LIABILITIES, CONTRIBUTIONS AND
RETAINED EAftNINGS
Current Liabilities
Accounts payable 89, 335 89, 335 18, 338
Contracts payable 67,250 67,250 120,448
Due to other funds 77,169 77,168 154,337 336,253
Due to other governments 6, 732
Accrued liabilities 21, 080 21, 080 20, 023
Current portion of long-term debt 40, 000 40, 000 40, 000
Total Current Liabilities 294, 834 77,168 372, 002 541, 794
Long-Term Lia.bilities
Revenue bonds 400, 000 400, U00 44(�, 000
Less: Current portaon 40,000 40,000 40,000
Total Lon�-Term Liabilities 360, 000 $-0- 360, 000 400, 000
Fund Equity
Contributions 4,760,260 5,460,031 $10,220,291 $10,214,999
Retained Earnings:
Reserved:
Metro Waste Control assets 218, 593 218, 593 228,102
Debt retirement 131, 805 131, 805 133, 365
Construction funds 113,180 113,180 102, 585
Working capital 170,000 450,000 620,000 620,000
Appropriations and assessments 118, 031 118, 031 159, 041
Plant expansion 3,700,000 300,000 4,000,.000 4,000,000
Unreserved 1,848,149 639,241 2,487,390" 1,968,216
Total Retained Earnings 6, 081,165 1, 607, 834 7, 688, 999 7, 211, 309
Total Fund Equity $10, 841, 425 7, 067, 865 $17, 909, 290 $17, 426, 308
TO TA LS $11,496,259 7,145,033 $18,641,292 $18,368,102
-81-
City of Brooklyn Center F-7
Public Utilities. Fund
STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
For the Year Ended December 31, 1983
With Comparative Totals �'or the Yeax Ended December 31, 1982
Water Sewer Totals
Accounts Accounts 1983 1982
Operating Revenue
Service to consumers 434,992 1,031,780 1,466,772 1,462,796
Service hook-up charges 6, 019 6, 019 49, 020
Sale of ineters (net) (1, 605) (1, 605) 2,182
Penalties 4,159 3, 757 7, 916 7,173
Federal grants 505
Total Operating Revenue 443, 565 1, 035, 537 1, 479,102 l, 521, 676
Operatin� �xpenses 542, 393 1,158, 558 1, ?00, 951 1, 484, 243
Operating Incame 98, $28)� $(123, 021) 221, 849) 37, 433
Nonoperating Revenues (Expenses)
Interest earned:
Investments 439,016 219,507 658,523 696,705
Special assessments 16, 376 16, 376 16, O11
Metro Waste Control Commission 7, 661 7; 661 7, 661
Construction funds 10, 595 10, 595 10, 446
Other 23,656 23,656 (71,712)
Interest and fiscal fees (17, 272) (17, 272) (18, 782)'
Total Nonoperating 448, 715 250, 824 699, 539 640, 329
Net Income 349,887 127,803 477,690 677,762
Retained Earnings January 1 5,731,278 1,480,031 7,211,309 6,546,207
Prior year adjustment (12, 660)'
Retained Earnings December 31 6, 081,165 1, 6fl7., 834 7, 688, 999 7, 211, 309
(See notes to financial statements)
82-
C� of Brooklyn Center F�8
Public Utilities Fund
WATER OPERATING EXPENSE
For the Year Ended December 31, 1983
With Com arative Totals for the Year Ended December 31, 1982
Classiflication by Function
Source of Customer Year Ended December 31,
SupPly Transmission Administration Accountin� �36$ tz3+s�
Personal Services:
Salaries and wages S 22,135 34,086 S 26,617 S 3T,086 S 119,929 S 116,471
Payroll taxes I1,203 11,203 11,761
Employee benefits 6, 909 6, 909 6, 579
22,135 S 39,086 S 94,729 S 37,086 S 136,036 S 134,811
Contrnetuul Services:
Professional services 5,184 S 3,237 s 1,222 9,693 s 3.689
Postage 8,371 9,371 9,129
Insurance 2,002 2,002 2,185
Repuirs and maintenance 42,816 4,153 16,689 63,758 17,587
Rent and administration 52, l59 52,159 47, 514
Equipment rental 5,975 5,475 12,103
Miscellaneous
98,100 S�. 7.390 S 77,547 S 9,371 142,408 S 92,293
Supplies and Materisls S 5,429 10,007 S 5,139 563 S 21,133 51.882
Neat, Light and Power:
Electricity 91,730 j 91,730 94,397
W Gus 3,958 3.958 3.771
S 95,688. S -0- -0- S -0- 95,688 S 98,118
Depreeiation 58,292 S'' 86.838 195,128 s 113,978
Other S -0- -0- S -0- S -0- S -0- 217
Totals 229,B39 138,319 S 127,915 S 47,020 S 542,393 S 491,299
(See notes to financial stetements)
C� of Brooklyn Center F_9
Public Utilities Fund
SE�YER OPERATING EXPENSE
For the Year Endetl December 31, 1983
Niith Comparative �Totals for the Year Ended Decernber 31, 1982
ClassiCcation by Function
Disposal and Customer Year Ended December 31,
Pumping Transmission Administration Accounting 19s3 ly8z
Personal Services:
Salaries and wages S 59,371 3,264 30,106 92,741 88,429
Payroll taxes 11,203 11,203 10,334
Employee be»efite 12,980 12,480 6,085
S 59,371 S 3,264 S 53,789 �-0- S 116,929 S 109,848
Contractual Services:
Professional services 1,887 t 1,290 S 1,222 Z 4,399 7,201
Postage S 2,358 2,358 2,632
Insurance 2,002 2.002 2,185
Aepairs and maintenance 7,195 6,429 5,466 19,040 6,496
Rent and edministration 52,159 52,159 47, 574
Equipment rental 5,475 5,053 10,528 16,603
aletro Waste Control Commission 811,271 811,271 690,722
City of Brooklyn Park 22,849 22,849 13,310
843,152 S ?,719 66,324 S 7,411 924,606 S 786,723
S�pplies and Materials 4,743 2,478 S 5.257. S-0- 12,478 11,069
Heat, Lighi and Power:
Electricity 14,485 19.495 S 12,930
Gas 455 455 449
i 14,940 S-0- S _-0- S 19,940 S 12,859
00
Depreciation S 39,683 S 50,42? S-0 S-0- S 90,110 E 77.445
Other S-0- _-0- S-0- S-0- S-0- S-0-
Totals S 861,889 S 63,888 S 125,370 S 7.411 1,158,55$ S 992,944
(See notee to finar►cial statements)
j
City of Brooklyn Center, Minnesota
AGEN.CY FUND
t The Agency Fund was established to. accoun# 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 Fun.d included in this section is.
Fire Department Relief Associafion Agency Fund: This furid was established
to account for the collectian of prop�rty taxes by the City for the Brooklyn
Center Voluriteer Fire llepartment Relief Associafion to be used for fire-
fighters' pensions.
City of Brooklyn Center G-1
Fire Department Kelief Association Agency F.und
STATEMENT OF CHANGES IN ASSETS AND L,IABILITIES
For Year Ended December 31, 1982
Balance Balance
December 31, December 31,
1982 Additions Deductions. 1983
Assets
Investments 6, 932 2, 831 9, ?63
Taxes receivable 1, 041 359 1, 400
Total Assets 7, 973 3,190 $-0- 11,163
Liabilitie s
Principal's balance 7, 973 3,190 $-0- ll, i63
Total Liabilities 7, 973 3,190 $-0-_ 11,163
(See notes to financial statements)
r
85-
Cit of Brookl n en r
y y C te Mmnesota
GENERAL FIXED ASSET ACCOUNT GROUP
The General Fixed Assef 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.
City of Brooklyn Center H-1
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS AND SOURCES
For Year Ended December 31, 1983
Balance B alance
January 1, January 1,
1983 Aquisitions Disposals 1983
Investments in General Fixed
Assets (At cost)
Land and �mprovements 996, 487 36, 040 1, 032, 527
Buildings and improvements 3, 750, 381 708, 743 4, 459,124
Park properties (includes buildings) 2, 782, 228 ??6 2, 783, 004
Furniture 382,929 2,854 385,783
Departmental equipment 2, 424, 035 164, 315 2, 588, 350
1 Storm sewers and street projects 12, 523,132 28, U59 12, 551,191
Total Investments in General
Fixed Assets $22,859,192 940,787 0 $23,799,979
Sources of Investments
General indebtedness 600,491 600,491
General Fund revenues (includes
ad valorem taxes) 3,554,875 331,485 3,885,360
Liquor bonds 304,571 304, 571
Contributions 327, 398 327, 398
Special assessments 12, 341, 668 28, 059 12, 369, 727
Capital projects funds:
G.O bonds 3,129, 798 3,129, 798
Tax ��levies 265, 243 265, 243
Sale of assets 156,654 156,6b4
Debt Service Funds excess 198, 386 198, 386
General Fund transfers 253, 000 253, 000
Interest earned 334,357 581,243 915,600
Federal grants 1,071,142 1,071,142
State grants 32I,609 321,609
Total Sources of Investments $22,859,192 940,787 $-0- $23,799,979
(See notes to financial statements)
86-
City of Brooklyn Center H-2
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
December 31, 1983
Streets
end Storm
Function Total Land Buildin�s Equipment Sewers
General government $16,557,851 1,032,527 2,974,133 $12,551,191
General government
buildings 4, 459,124 4, 459,124
Parks (includes
buildings) 2, 783, 004 2, 783, 004
Totals $23, 799, 979 3, 815, 531 4 459 124 2 974 133 12 551 191
(See notes to financial statements)
-87-
City of Brooklyn Center H-3
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
Year Ended December 31, 1983
Balance Balance
January 1, IJ�cember 31,
1983 Acquisitions Disposals 1983
General government $16,326,583 231,268 $16,557,851
General government buildings 3, 750, 381 708, 743 4, 459,124
Parks (including buildings) 2, 782, 228 776 2, 783, 004
Totals $22,859,192 $__-0_- $23,799,979
(See notes to financial statements)
88-
City of Brooklyn Center, Minnesota
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The General Lon -Term Debt Account Grou was established to account
g P
for the City's unmatured general obligatian long-term debt that is
secured by the full faitYi and credit of the City and is not the primary
obligation of a Special Assessment Furid or an Enterprise Fund of the
City
I
i City of Brooklyn Center I
COMPARATIVE SCHEDULE OF GENERAL LONC-TERM DEBT
December 31, 1983
With Comparative Totals for December 31, 1982
December 31,
1983 1982
Amounts Available and to be Provided
Amounts available in Debt Service Funds 878, 343 410, 270
Amounts to be provided
From future tax levies 2,792,865 2
From future gas tax allocations 480, 000 540, 000
Total Available and to be Provided 4,151, 208 3, 423, 902
General Long-Term Debt Payable
General Obligation Bonds 3, 250, 000 2, 500, 000
State Aid Street Bonds 480, 000 540, 000
Assessments on City property 161, 685 193, 306
Sick and vacation accruals 259, 523 190, 596
Total General Long-Term Debt 4,151, 208 3, 423, 902
(See notes to financial statements)
-89-
t
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 usefui and of interest to investors in
City bonds, financial institutions, and others interested in municipal
government financial statistics.
C� o[ Brooklyn Center TABLE 1
GfiNERAL GOVERNh1ENTAL EXPENDITCiRE BY FUNCTION
Last Ten Fiscal Years
Public Community
Fiscal General Safety and Public Health Parks and Debt Pension
Year Government Welfare Works Services Recreation Service Expense
1974 546,649 s 700,938 522,297 26,555 484,811 3A9,397 S 227,727
1975 828,341 761,670 599,314 93,269 543,271 383,708 202,704
1976 ?22,116 849,672 692,595 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 1,151,980 733,615 66,423 ?95,116 380,180 (1}
1979 688,539 1,521,159 892,470 98,576 860,283 356,905 (1)
1980 839,907 1,442,619 1,103,166 37,336 917,224 332,139 (1)
1981 910,131 1,588.149 1,176,497 39,385 1,162,878 412,154 (lj
O 1982 1,007,781 1,901,839 1,213,941 36,249 1,122,299 419,497 (1)
1983 1,054,064 1,875,122 1.288,081 28,663 1,268,907 450,620 (1)
(1) Pension ia ellocated to other functtonal expenditures shown on this echedule
City of Brooklyn Center TABLE 2.
REVENUE OTHER THAN SPECIAL ASSESSMENTS
Lsst Ten Fiscal Years
General, Specisl Revenue, Debt Service and Capital Projecta Funds
l.narqes Net Income Before
General For Current Licenses Transfers Out
Fiscal Property Shared Services and end Fines and Public Liquor
Year Taxes Taxes pther Revenue Permits Foreiturea Utilities Stores
1974 51,542,561 S 958,058 S 462,575 88,92Z S 38.649 S�35,931 S 134,995
1975 1,745,667 1,024,571 932,083 301,380 92,940 381,458 150,902
1976 1,725,854 1,432,T45 486,371 302,399 98,475 103,848 147,143
1977 1,880,700 1,517,843 472,410 131,107 54,420 287,560 121,536
1978 1,883,745 1,fi0�1,452 494,?72 179,062 68,281 351,732 134,841
1979 2,272,323 1,887,093 714,894 166,464 82,466 596,930 161,994
1980 2,416,973 2,731,611 1,127,085 195,931 111,382 937,798 142,956
1981 2,034,252 3,729,683 1,579,396 20?,100 111,596 877,668 155,519
i 1982 2,303,409 5,114,290 1,684,481 249,015 196,204 677,762 102,172
cD
1983 2,419,816 3,563,608 2,096,98? 328,019 159,812 97T.690 104,754
C;ty of Brooklyn Center TABLE 3
TAX LEVIES AND TAX COLLECTIONS
Last Ten f'iscai Years
Rat{o of
Collections Percentage Coilections Accumulated
of Current Levy of Prior Rntio of Delfnquent
Year's Taxea Collected Year's Taxea Total Accumulated Taxes to l i
Ye�' During Fiscal During Fiecal During Fiscal Total Collections of Delinquent Cnrrent Year
Collected Tax LeW Period Period Period Collections Tax Levy Taxes Tax LevY
1974 51,518,273 51,442,873 95.03 34,450 :1,477,323 .9730:1 .05885:1
S 89.357
1975 1,728,986 1,678,567 97.08 61.791 1,T40,358 1.0066:1 149,691 .08366:1
1976 1,715,170 1,521,690 88.92 56,229 1,577,919 .9200:1 281,903 .16436:1 I
1977 1,880,700 1,694,382 90.09 198,250 1,892,632 1.0063:1 269,971 .14355:1
1978 2,060,012 1,995,621 96.87 165,701 2,159,322 1.0982:1 170,662 .08285:1
N
19T9 2.316,550 2,277,597 98.32 58,083 2,335,680 1.0083:1 196,092 .06304:1
1980 2,350,739 2,306,803 98.13 62,371 2,369,174 1.0078:1 135,953 .05183:I
1981 2,746,020 2,619,758 95.40 27.183 2,646,991 .9639:1 235,032 .08559:1
1982 2,965,702 2,854,688 96.26 45,419 2,900,10? .9779:1 300,627 .10137:1
1983 2,982,369 2,980.772 97.52 75.45? 2.498.209 1.0056:1 286,787 .11553:1
I
City of Brookiyn Center TABLH 4
ASSESSED VALUE AND MARKET VALUE OF ALL TAXABLE PROPEATY
Last Ten Fiscal Years
1975 1976 1977 1978 1979 1980 1981 1982 1983 1989
P�ulation �nctua►) �D34" �d8� 3S;II� �4; fi� �s, �oo 3'i, asu ��7� '�36 su, s�n so, eao
Real P�erty
Assessed value:
City:
Homestead 55,031,876 62,359,181 69.130,468 67,641,018 S 72,075,015 S 70,506,973 S 82,133,535 74,268,430 S 75,252,072 S 78,112,774
Excess and non-homestead 42,501,704 47,138,912 50.356.911 53,976,290 54,893,227 63,605,303 80,626,961 104,715,944 122,369,08T 128,45A,579
Area-wide allocation (net) 960,981 133,422 (201,206) (1,190,063) (1,469,192) (1,832,196) (1,680,827) L2.357,630) (1,437,243) t3,366,45G)
Less: Tnx Increment District (78,OU0)
Total Assessed Value 99,699,555 5109,626.015 5119,286,173 =120,927,225 ;125,509,050 5132,280,080 5161,079,669 5176.626,794 5196.183,916 5203,122.897
Estimated Market Value: =270,699.261 5301,639,725 5329,963,243 5381,926,955 5396,811,532 5451,519,456 5604,637.366 5657,701,757 5725,976,089 5775.IG2.400
W
Personal Property
Assessed vffiue S 2,852,992 ;'2,800,885 S 3,034,703 S 3.537,911 S 4,389,397 3,81fi,766 9,027.036 =�,113,767 S 3,973,587 S 4.148.726
Estimated market value 6,634,865 6.505.874 S 7,059,986 8.227,T00 S 10,207,900 S 8.876,200 S 9,365,200 S 9,566,900 S 9,240,000 9,648,200
Ratio of Assessed Value to
Eslimated Alarket Value .38563:1 .36485:1 .36348:1 .317733:1 .319133:1 .29561:1 .Y6890:1 .R7086:1 .27243:1 .26204:1
Per Capita Valuations
Assessed Value 2,7Y9.00 s 5.031.93 5,386.89 5.634.28 j 3,954.l0 S 4,130.41 5,286.80 5,832.22 S 6.494.40 S 6,588.48
Estimated dtarket Value T,504.85 s 8.310.07 9.317.8f 11,438.15 S 12.077.73 13.972.55 18.660.66 41.531.74 23.838.87 25,143.12
I
Cit�+ of Brooklyn Center TABLE 5
TAX RATES AND TAX LEVIES (Continued next page)
Last Ten Fiscat Years
Area School District CoUnty a Total City, School, County and State N.H.S.
Year Voc-TeCh ��6 i�7�J t}'�$�Y i� Special Dist. i1286 Dist. p279 Dist. p'l81 Dist. pl l
Collectible Cily (1) School (Earl Brown) {Osseo) (Robbinsdale) (Anoka) Districts (Earl Brown} (Osseo) (Robbinsdale) (Anoka)
1975 17.988 3.372 61.074 57.654 �50.787 60.190 33.142 115,576 112.156 105.289 111.320
1976 15.807 Y.759 54.204 53.435 99.043 55.270 31.275 303.845 103.076 98.684 l02.152
1977 15.725 2.485 52.663 53.698 99.875 58.400 39.063 109.936 105.921 102.148 108.188
1978 16.646 2.123 53.537 52.439 49.690 55.840 35.086 107.901 106.298 103.554 107.572
1979 17.880 R.227 47.951 45.073 46.645 47.706 35.950 103.008 100.630 102.202 101.036
1980 17.245 1.681 42.981 39.395 41.473 43.212 39.580 96.987 92.851 94.979 95.037
1981 16.fiO3 1.510 33.512 33.427 40.757 37.996 33.373 84.998 84.913 92.293 67.97T
�p 1982 16.387 b.469 38.781 42.993 50.524 46.847 33.567 91.214 94.436 102.207 96.811
�P
1983 15.971 2.219 92.896 46.035 52.901 95.474 33.557 93.543 96.682 103.548 95.002
1984 17.096 1.l46 49.965 54.909 58.326 55.225 35.007 103.514 108.458 111.875 107.328
C;ty of Brooklyn Center TABLE 5
TAX RATES AND TAX LEVIES (Continued from prior page)
r Last Ten Fiscel Years
Tax Levies on Prooertv Within Brooklvn Center
Area School District County i Total City
Year Voc-Tech �Zg6 N279 k281 M11 Tota1 Special Schools
Collectible School (Eari Brown) (Osseo) �tobbinsdale) ;4^oY.a) School Districts City Countv 3 State
1975 296,212 1,652,564 1,742,105 S 1,552,542 7�9,898 5,998,322 S 3,370,680 S 1,805,759 =11,179,756
1976 270,928 1,681,797 1,804,010 1,629,635 789,077 6,179,947 3,511,979 1,752,564 11,939,490
1977 265,953 1,786,278 1,839,979 1,800,122 910,879 6,598,002 4,156,788 1,849,989 12,604,779
1978 231,46B 1,853,423 1,865,301 1,841,345 889,060 6,680,617 9,395,690 2,060,012 13,086,319
1979 252,099 1,763,957 1,711,961 1,805,864 794,944 6,328,345 9,603,009 2,316,684 13,298,038
1980 203,243 1,737,432 1.568,991 1,650,314 1,522,661 6,712,141 4,711,671 2,350,962 13,774,774
1981 237,60? 1,839,916 1,636,337 2,058�145 966,972 6,630,577 5,925,084 2,947,717 15,512,378
1952 2G5,508 2,422,618 2,061,005 2,606,004 881,745 8,23fi,880 6,066,917 2,963,602 17,267,399
1983 202,256 2,790,808 2,625,207 2.781,573 1,099,119 9,538,963 6,716,839 3,203.274 19,459,076
1989 287,933 3,328,173 3.090,799 3,178,504 1.279,696 11,165,055 ?.085,080 3,452,694 21,702,829
(1) Includes tax levy for the Honsing und Redevelopment Authority of Brooklyn Center of 1/3 mill.
I
C;ty of Brooklyn Center TABLB 6
SPECIAL ASSESSh1ENT COLLECTIONS
Last Ten Fiscal Years
Current Special Total
Assessments pmount Ratio of Current and
Installmenta. Collected Current Delinquent
Becoming Due Currently Collectiona Assessments Current
Fiscal During the During the to Amount Uncollected Percentage Balance
Period Fiscal Period Fiscal Period Due At Yenr End Collected Uncollected
1974 742,130 S 634,434 .8549:1 202,970 85.49 S -0-
1975 679,068 567,338 .8355:1 314,700 83.55 -0-
1976 936,438 944,699 .6039:1 606,439 60.39 -0-
1977 663,514 906,029 .6119:1 633,094 61.19 -0-
1978 607,096 907,224 .6708:1 668,578 67.08 609
1979 585,105 461,550 .7888:1 361,906 78.88 2,599
1980 655,175 572,109 .8732:1 189,808 8T.32 16,728
i
1981 395.�39 335,859 .8493:1 152,059 84.93 37,527
1982 733.198 649,472 .8858:1 83.726 88.58 83,726
1983 981,733 908,531 .9254:1 156,928 92.54 I56,928
C� 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
Fiscal Estimated Assessed Gross in Debt Net to Assessed Debt Per
Period Population Value Bonded Debt Service Funds Bonded Debt Values Capita
1974 36,954 96,662,138 �8.40T.000 =1,874,002 t6,532,998 .0675:1 =176.79
1975 37,081 100,386,566 7,605,000 2,115,984 5,989,016 ,0547:1 184.02
19T6 3B,116 112,293.478 7,770,000 2,118,250 5,581,750 .0997:1 154.55
1977 34,110 122,320,8?6 7,015,000 2,193,710 4,821,290 .0394:1 141.35
19?8 33,700 123,965,136 6,215,000 2,852.259 3,562,741 .02873:1 105.72
1979 32,950 129,893,947 5,975,000 3,138,981 2,336.519 .01799:1 T0.91
c�
1980 31,230 136,096,896 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 ?.680,000 4,1l5.073 3,539,92� .02956:1 114.70
1983 30,830 200,157.505 7,985,000 5,156.164 2,828,836 .01913:1 91.76
City of Brooklyn Center TABLE 8
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1983
Assessed value, January 1, 1983 $203,122, 897
Debt limit 6. 67 0 of assessed value (See Note A) 13, 548, 297
Total bonded debt $7, 985, 000
Deductions (See Note 1B
A. Bonds
1. Special Assessment
Bonds $3, 855, 000
2. State Aid Street
Bonds 480, 000
3. Utility Revenue
Bonds 400, 000
4. Tax Increment Bonds 930, 000
$5,665,000
B General Debt Service
Fund 640,099 $6,305,099
licable to Debt Limit 1, 679, 901
Total De bt App
I Legal Debt Margin, December 31, 1983 11, 868, 396
Note: (A) M.S.A. Section 475.53 (See following page)
Note: (B) M.S.A. Section 475.51 (See following page)
i -98_
City o� B�ao�lyn Center TABLE 8
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1983
Note (A) M. S. A. Section 475. 53 et seq Limit on Net Debt
"Subdivision 1. Generally, except as otherwise provided in sections
475.51, 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
6.67 per cent of the assessed value,rr
!�I
Note (B M. S. A. Section 475. 51 Definitions
"Subdivision 4. 'Net Debt' means the amount remaining after deduc-
ting from its gross debt the amount of current revenues which, are
applicable within the aggregate of the principal 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 all 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 computing the
net debt of the municipality
99-
C� of Brooklyn Center TABLB 9
COMPUTATION OF DIRECT AND OVERT.APPING DEBT
December 3l, 1983
City of Brooklyn Center
Share
Governmental Unit Groee Debt SinkinR Funda Net Debt Per Cent Amount
Direct end OverlaPPing Debt
Direct DeUt:
City ot Brooklyn Center (1) S 7.985.000 5,156,164 S 2.828,B36 100.00R S 2,828.836
Overlapping Debt:
School Districts:
No. 281 (Robbinsdale) s 15,695,000 s 2.859,380 S 12,835,620 10.20$ 1,309,233
No. 11 (Anoka) 27,165,000 1,542,683 25,622,317 5.96 1,511,717
No. 279 (O sseo) 21,205,000 2,220,490 18,984,510 26.80 5,087,899
I N o. 286 (Brooklyn Center) 585,000 31,899 553,151 100.00 553,151
Area Voc. Tech School:
ho• 28� 11,100,000 3,665,055 7,434,945 9.90 364,312
Metro transit 16,200,000 3,643,000 14,557,000 1.50 218,355
i Metro council (2) 31,990,000 22,716,607 9,223,393 1.50 138,351
r 6letro airport (3)
0 Hennepin County 47,925,000 8,921,929 39,503,571 2.70 1,066,596
Hennepin County Park Reserve District 1,750,OQ0 1,021,246 .728,754 2.70 19.676
Total Overlapp;ng Debt S175,565,000 96,121,739 5129,443,261 S 10,269,240
Total Direct 1� Overlapping Debt 5183,550,000 51,297,903 5132,272,097 S 13,098,076
(1) Includes 53,855,000 debt outstanding to be paid from special assessments. ;480,000 debt outstandin g on State
Aid Street bonds, E400,000 debt outstanding on revenue bonds, and ;930,000 debt outstanding on Tax Increment Bonds.
(2) Excludes 5175,762,000 (less ;25,750,260 1n sinking funds) of the hfetro Council issued G.O. sewer bonds. These sewer
bonds are supported fmm sewer service charges to government units (including Brooklyn Center) within the metm sewer system.
(3) Excludes 5125,025,000 (less =21,880,706 in ainking fuada) of G.O. Airport bonds eupported from airport ueer fees and rentals.
Direct Overlapping
�Com�arative Net Debt Ratios Char� able to Cit�+ Total Debt Debi
e�bt to assessed value (��,8�'/) 6.95; 1.39� 5.06$
Debt to market value (;7T5.162,400) 1.69$ .36$ 1.32�C
Per capita debt (population 50.830) t424.85 S9L96 :353.09
I
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
7�ta1 Total Debt Service
Debt General to General
Year Principal Interest Service Expenditures* Expenditures
1974 $180,000 $209,397 $389,397 $2,577,758 15.10
1975 185,000 198,708 383,708 2,839,621 13.51
1976 225,000 186,730 411,730 3,244,183 12.76
1977 215,000 173,130 388,130 3,239,892 11.98
1978 220,000 160,180 380,180 4,146,063 9.17
1979 210,000 146,905 356,905 5,267,380 6.78
1980 195,000 134,211 329,211 7,931,555 4.15
1981 185,000 226,785 411,785 6,457,274 6.37
1982 195,000 224,100 419,100 7,188,860 5.83
1983 240,000 210,620 450,620 7,959,918 5.66
Inclt�des General, Special Revenue, Debt Service and Capital Projects Funds.
-101-
City of Brooklyn Center TABLE 11
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Fiscal Years
Net Ratio of Net
Gross (1) Revenue Debt Service Revenue to
Year Pevenue Expenses Available Principal Interest Total Debt Service
1974 $1,048,447 471,046 577,401 $30,000 $29,400 $59,400 9.7 to 1
1975 1,107,926 556,573 551,353 30,000 28,275 58,275 9.5 to 1
1976 1,235,274 710,662 524,612 35,000 27,105 62,105 8.4 to 1
197? 1,145,563 761,542 384,021 35,000 25,740 60,740 6.3 to 1
1978 1,371,519 817,154 554,365 35,000 24,375 59,375 9.3 to 1
1 1979 1,572,244 824,417 747,827 35,000 23,010 58,010 12.9 to 1
1980 1,950,340 952,850 997,490 35,000 21,645 56,645 17.6 to 1
1981 2,272,211 1,189,203 1,083,008 40,000 20,280 60,280 17.9 to 1
1982 2,242,053 1,565,291 677,762 40,000 18,720 58,720 11.54 to 1
1983 2,195,913 1,465,713 730,200 �0,000 17,160 57,160 12.77 to 1
(1) Excludes depreciation and interest on bonds.
-102-
City of Brooklyn Center TABLE 12
PROPERTY VALUE AND CONSTRUCTION
Last Ten Fiscal Years
Commercial Resid�ntial
Construction Construction
Number Property Va1ue*
Year Value of Units Value Commercial Residential Non-Taxable
1974 5,742,259 20 497,600 57,725,427 $204,701,794 50,386,615
1975 3,915,836 39 1,164,932 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 3,584,198 80 2,179,300 125,012,840 256,914,1i5 50,386,615
1978 5,247,131 239 6,816,300 140,651,752 285,436,50U 50,386,615
1979 8,209,394 76 3,392,700 161,917,915 330,196,500 50,386,615
1980 12,554,300 43 3,061,000 215,536,256 392,096,600 52,828,091
1981 12,926,950 33 1,157,000 228,523,271 483,354,800 52,828,091
1982 2,497,700 70 2,055,000 235,045,689 490,430;400 52,828,091
1983 5,342,000 140 8,677,800 268,460,800 506,701,600 52,828,091
Estimated market value
-103-
City of Brooklyn Center TABLE 13
PRINCIPAL TAXPAYERS
December 31, 1983
Percentage
1983 of total
Market Market
Taxpayers Type of Business Valuation Value
Equitable Life Assurance
Soc. of America Brookdale Shop. Ctr. $24, 475, 400 3.20$
Robert H. Bradley Office Warehouse Bldg. 14,177, 400 1., 80$
i Prudential Ins. Co.
of America Land Office Bldg. 10, 093,100 1. 30$
Sears ftoebuck Co. Sears Dept. Store 6, 229, 900 80$
Commercial Partners Brookdale Square 5, 939, 900 77$
Twin Lake North Co. Apartments 5, 750, 500 75$
Brooklyn Center Dev. Co. Office Apts. Bldg. 5, 548, 900 .72�
Center Dev. Co. Apartments 4, 824, 600 63$
Allied Central Stores Donaldson's Dept. 4, 717, 200 .61$
Store Car Center
Dayton Hudson Corp. Dayton's Dept. Store 4, 454, 400 58�
$86,211,300 11.16�
-104-
C� of Braoklyn Centek� TABLS 14
SUMMARY OF DEBT SERVICE REQUIRE1fENTS TO MATURITY
December 31, 1983
G.O. Special G.O. State-Aid
General Obligation Bonds Assessment Bonds Street Bonds Water Revenue Bonds Debt Service Rec�virement
Year Yrincipa� Interest rr�nci� lnterest rrmcipai tnteres[ rrinci� lnterest �nnc�pal tnterest
1984 S 195.000 S 219,625 s 650,000 275,279 60,000 S 29,940 40.000 s 15,600 945,000 540,444
1985 195,000 229,595 440,000 238,575 60,000 26,070 45,000 13,991 790,000 503,231
?986 215,000 210,458 325,000 230,935 60,000 22,190 45,000 12,285 645,000 455,SI8
1987 275,000 193,339 315,000 189,795 60,000 18,165 95,000 30,530 695,000 411,829
1988 300,000 173,983 300,000 168,620 60,000 14,160 45,000 8,775 705,000 365,038
1989 325,000 151,833 260,000 197,980 60,000 10,125 45,000 7,020 71Q,000 316,958
1990 195,000 128,788 260,000 126,980 60,000 6,075 95,000 5,265 560,000 267,308
1991 355,000 108,445 260,000 107,070 60.000 2,025 45,000 3,510 720,000 221,050
O
1992 400,000 79,998 200,000 88,150 45,000 1,755 ¢95,000 169,903
1993 410,000 98,968 175,000 71,38? 585,000 120,355
1999 100,000 28,988 175,000 55,200 275,000 84,188
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
53,250,000 51,602,677 53,855,000 51,74T,959 4B0,000 S 128,700 400,000 S 78.731 57,985.000 =3.558,067
1 City of Brookl n Center
Y TABLE 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1983
Type of Coverage and Details Policy Period Liability Limits
From To
I. Statutory Liability to Employees
a. Workers' Compensation 1-1-84 1-1-85 Statutory
(participant in the League of
Minnesota Cities Insurance Trust
Self-Insured Workers' Compensation
Pro gram
II. Liability to the Public
a. Gene�al liability, comprehensive �.-1-84 1-1-87
(1) Bodily injury 500, 000 combined single
limit
(2) Property damage 500,000 combined single
limit
j 3) Personal injury 500, 000 combined single
limit
b. Automobile liability,
comprehensive 1-1-84 1-1- 85
(1) Bodily injury 500, 000 occurrence
(2) Property damage 500,000 occurrence
(3) Uninsured motorist 500,000 occurrence
c. Liquor stores' dram shop 1-1- 84 1-1- 85 500, 000 aggregate per
location
d. Umbrella liability 5-19- 84 5-19- 85 5, 000, 000 aggregate, $10, 000
retained limit
III. Loss of Income on City Enterprises
a. Liquor stores 1-1- 84 1-1- 87 50, 000 per location
b. Public utilities 1-1-84 1-1-87 300,000
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Cit of Brookl n en r
y y C te TABLE 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1983
Buildings Content:
Structures (Actual
(Replacement Cash
Type of Coverage and Details Policy Period Cost) Value)
From To
IV Insurance o:1 City Property 1-1- 84 1-1- 87
a. Public and institutional
property, all risk, blanket
$12, 243, 200; $100 deductible
90°s co-insurance stated values
(1) Civic center $4,087,000 400,000
2) East fire station 439, 000 50, 000
3) Municipal service garage 996, 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 254, 200
(11) Liquor store and fire station 415, 000 182, 000
(12) Leased liquor stores 2 locations 314, 000
(13) Movable properties 154, 974
(14) Pedestrian bridge 374, 000
(15) Picnic shelter 42, 000
(16) Maintenance building 36, 000 64, 000
Liability Limit
b. Boiler and machinery 2-1-84 1-1-85 $3,000,000 per accident
c. Automotive physical damage 1-1- 84 1-1- 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
c. Depositor's forgery 100, 000
The comprehensive general liability includes the following additional coverages:
(a) All employees as additional insureds
(b) Personal injury coverage to include false arrest, libel, slander, wrongful
entry or eviction or invasion of right of privacy,
(c) Broad contractual liability
(d) Products liability
(e) Public Officials liability
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City of Brooklyn Center TABLE 16
SCHEDULE OF CASH AND TEMPORARY CASH INVESTMENTS
December 31, 1983
Cash in Banks:
First Brookdale State Bank 203, 308
Brooklyn Center, Minnesota
First National Bank of Minneapolis, 2, 817
Minneapolis, Minnesota
Temporary Investments:
Interest
Type Rate Maturity Cost
Certificates of deposit 9.15 lU. 00 0 1984 $1, 630, 000
Repurchase Agreements 9.13$ 1984 1, 000, 000
Commercial Paper 9. 92$ 1984 739, 997
Bankers' Acceptance 9. 67 0 19$4 955, 022
U. S. Treasury Bill 10.19 10. 26$ 1984 3, 548, 262
U. S. Treasury notes 4. 25 10. 00$ 1984-1992 4, 298, 758
Federal Land Bank bonds 7. 36 8. 10$ 1985-1987 1,193,125
1 Federal Home Loan Bank bonds 7. 65 16. 23$ 1984-1987 1, 491, 406
Federal Home Loan discount notes 8.10 12.25$ 1985-1987 590,000
Federal National Mortgage
Association bonds 6. 90 15. 05$ 1984-1992 3, 801, 619
Federal Farm Credit Bank bonds 10.10 14. 89$ 1984-1988 624, 344 $19, 872, 533
Interfund borrowings -(temporary improvement notes) 170, 056
Accrued interest on investments 318, 794
Change Funds 4, 535
Total Cash and Temporary Cash Investments $20, 572, 043
1
1
1
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City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
Date of Incorporation February 14, 1911
Date of Adoption of City Charter November 8, 1966
Effective December 8, 1966
Form of Government Council-Manager
Fiscal Years Begins January 1
Area of City 8 1/2 square miles
Miles of streets:
City 103. 8
County 13. 2
3.2 Miles of Storm Sewers 38.5
Number of Street Lights 927
Building Permits:
Number of Permits Issued:
1983 660
1982 516
1981 518
1980 563
1979 606
1978 818
1977 566
1976 568
1975 645
1974 423
Estimated Cost:
1983 $16,096,550
1982 5,96$,824
1981 16,190,205
1980 17,454,690
1979 13,08I,520
1978 13,081,520
1977 13,578,901
1976 6,228,08?
1975 3,786,838
1974 5,972,910
6,968,172
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City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1983
Fire Protection
Number of Stations 2
Number of Volunteer Firemen 34
Police Protection
Number of Stations 1
Number of Employees 41
Vehicle Patrol Units 15
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 16
Part-time employees 200 (seasonal)
Playgrounds 1?
Park shelters 17
Ice skating .rinks 8
Hockey rinks fi
Softball diamonds 26
Baseball diamonds 5
Tennis courts 12
Basketball courts 17
1
1
1
1
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i
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1983
Education
Public Schools:
School districts within Brooklyn Center 4)
No. 11 No. 286 No. 281 No. 279
(Anoka) (Eaz°le Brown) (Robbinsdale) (Osseo)
Total school buildings 34 2 21 18
School buildings within
Brooklyn Center 1 2 1 3
Total students registered 31, 300 1, 311 14, 977 16, 453
Students from Brooklyn
Center registered 1, 300 1, 311 622 2,1�4
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
1983 assessed valuation $751,747,533 83,143,814 $786,008,523 $536,873,419
1983 assessed valuation t
in Brooklyn Center 20, 745,115 70, 687, 933 58,198, 812 52, 472, O11
Parochial schools (1)
St. Alphonsus School grade 4- 8- Total S#udents registered 355
Assessed valuation prior to fiscal disparities and tax increment caleulations
Municipal Water Plant:
Number of connections 8, 470
Average daily consumption 3, 491, 498 gallons
Peak daily consumption 12, 044, OOQ gallons
Plant capacity daily 15, 264, 000 gallons
Miles of water mains 109.93 miles
Number of fire hydrants 782
Number of wells 7
Number of elevated reservoirs 3
Storage capacity 3, 000, 000 gallons
Water rate per thousand 35 cents
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1 City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1983
Municipal Sewer Plant
Number of connections 8, 480
Miles of sanitary sewer 99.6
Daily disposal capacity 7, 416, 000 gallons
Number of lift stations 9
Residential rate 21.25
Municipal Liquor Stores (Off Sale)
Number of owned stores 1
Number of leased stores 2
1983 sales $2,419,009
City Employees:
As of December 31, 1983
Permanent or regular 125
Temporary or part-time 175
Total 300
Elections:
Registered voters City election 1983 18, 918
Number of votes cast in city election 586
Percentage of registered voters voting 3$
ftegistered voters last state election 1982 20, 974
Number of votes cast last state election 1982 14, 051
Percentage of registered voters voting 1982 67 0
Population
1940 1,870
1950 4,284
1960 24,356
1965 (special census) 30,108
1980 31,230
1981 (per official estimates) 30, 990
1982 (per official estimates) 30, 820
1983 (per official estimates 30, 830
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