HomeMy WebLinkAboutAnnual Audited Financial Report-1981 ANNUAL
AUDITED FINANCIAL REPORT
of the
t CITY MANAGER
of
BROOKLYN CENTER, MINNESOI'A
For The Year Ended December 3
1, 1981
GERALD G. SPLINTER, CITY MANAGER
Prepared k�y
THE DEPARTMENT OF FINANCE
Paul W. Holmlund, Director
(1011ember of Municipal Finance Officers
I Association of the United States and Canada)
City of Broaklyn Center
COMPREHENSIVE ANNUAL FINANCLAL REPORT
FOR THE Y`EAR ENDED DEC�IV�BER 31, 1981
Exhibit
Schedule Page
Number Number
Introductory Section
T itle Pa ge
Table of Contents
Listing of City Officials 1& 2
Organization Chart 3
Location Map of City Properties 4
C ity Manager's Letter 5& 6
Fin�,ance Director's Letter 7- 15
Certificate of Conformance in Financial Reporting X6
Financial Section
Auditor's Opinion 17
Combined Statements Overview:
Combined Balance Shee� All Fund Types and
A ccount Groups l. 18 19
Combined Statement of Revenues, Expenditures
and Changes in Fund Balance All Governmental
Fund Types 2 20
Combined Statements of Revenues, Expenditures
and Changes in Fund Balance A ctual (GAA P
Basis), Budgetary Basis and Budget
General Fund 3 21
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances Budget and
A ctual Special Revenue Funds 4 22
Combined Statem�nt of Revenues, Expense� and
Changes in Retained Earnings/Fund Balances
A 11 Proprietary Fund Types and Nonexpendable
Trust 5 23
Combined Statement of Changes in Financial
Position A11 Proprietary Fund Types 24
Notes to Financial Statements 25 45
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPOR'T
FOR THE YEAR ENDED DECEMBER 31, 1981
E xhibit
Schedule Page
Number Number
Financial Statements of Individual Funds:
General Fund:
Comparative Balance Sheet' 7 46
Statement of Revenues, Expenditures and
Changes in Fund Balance Actual
(GAAP Basis) and Comparison of Bud-
getary Bas is to Budget (Non-GAA P) 8 47
Statement of Revenues Compared to Budget 9 48 50
Statement of Budgetary Basis Expenditures
and Budget 10 51 52
Special Revenue Funds:
Combinin Balance Sheet 11 53
g
Combining Statement of Revenues, Expendi-
tures and Changes in Fund Balances 12 54
Debt Se rvice Funds
Combining Balance Sheet 13 55
ombinin Statement of Revenues, Ex endi-
C g P
tures and Changes in Fund,Balances 14 56
nds•
Capttal Pro�ects Fu
Combining Balance Sheet 15 57
Combining Statement of Revenues, Expendi-
tures and Changes in Fund Balances 16 58
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 1981
E xh ib it
Schedule Page
Number Number
Financial Statement of Individual Funds (cont'd):
Capital Projects Funds: (cont'd)
Supporting Schedules;
Project-Length Schedule of Construction
Projects Capital Projects Fund S-1 59
Project-Length Schedule of Construction
Projects Municipal State Aid Con-
struction Fund S-2 60
Special Assessment Funds:
Combini.ng Balance Sheet 17 61 62
Combinin Statement of Revenues Ex endi-
p
tures and Changes in Fund Balances 18 63
Supporting Schedules:
Project-Length Schedule of Construction
Projects All Special Assessm.ents
Funds S-3 64
Construction Fund Revenue and Expendi-
tures S-4 65 65. 1
Enterprise Funds:
Combining Balance Sheet 19 66 6?
Combining Statement of Operations and
Retained Earnings 20 68
Combining Statemen� of Changes in Financial
Position 21 69
Statement of Operations and Retained Earnings
1 Municipal Liquor Fund 22 70
City of Brooklyn Center
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 1981
Exhibit/
c he dule Pa ge
Number 1'�Tumber
Financial Statement of Individual Funds con� d).
Enterprise Funds: (cont'd)
Statement of Operating Expenses
Municipal Liquor �'und 23 71
Balance Shee� P�blic Utilj.ties Fund 24 72 73
Statement of Operations and Retai.ned Earni�,gs
Public Utilities Fund 25 74
Statement of Water Operating Expenses 26
75
Statement of Sewer Operating Expenses 27 78
Fiduciary Funds:
Supporting Schedules:
Combined Statement of Changes in Assets
and Liabilities All Agency Funds S-g 77
Statement of Changes in Assets and
Liabilities Housing and Redevelop-
ment Agency Fund S-6 78
Statement of Changes in Assets and
Liabilities Fire Department Relief
S
-7 79
Association Fund
Stat�ment of General Fixed As�.ets by Sources 28 8p
Supporting Schedules:
Schedule of Fixed Assets b Function and
y
A ctivity S-8 81
Schedule of Chan es in �ixed Assets by
g
Func�ion andActivity S-9 82
om �rative Statement of General Lon -Term
C p
Debt 29 83
City of Brooklyn Center
COMPREHENSNE ANNUAL FINANCLAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 1981
Exhibit/
Schedule Page
Number Number
Statistical Section
General Governmental Expenditures by
Function Table 1 84
Revenue Other Than Special Assessments Table 2 85
Tax Levies and Tax Collections Table 3 86
A ssessed Value and Market Value of All
Taxable Property Table 4 87
Tax Rates and Tax Levies Table 5 88
Special Assessment Collections Table 6 89
Ratio of Net Bonded Debt to Assessed Value
and Net Bonded Debt Per Capita Table 7 90
Statement of LegaZ Debt Margin Table 8 91 92
Computation of Direct and Overlapping Debt Table 9 93
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General
Expenditures Table 10 94
Schedule of Revenue Bond Coverage Table 11 95
Pro ert Value and Construction Table 12 96
P Y
Principal Taxpayers Table 13 97
Summary of Debt Service Requirement to
Maturity Table 14 98
Schedule of Insurance Coverage Table 15 99
Schedule of Cash and Temporary Investments Table 16 100
Miscellaneous Statistical Facts 101 104
1
City of Brooklyn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31, 1981
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12-31-81
Councilman Bill Fignar Three Years 12-31-81
Councilman Tony Keufler Three Years 12-31-81
Councilman Gene Lhotka Three Years '12-31-82
Councilwoman Cecilia Scott Three Years 12-31-83
OFFICIALS NOT ELECTED
C ity Manager Gerald G. Splinter
C ity Clerk Gerald G. Splinter
C ity 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
1 Police James Lindsay
Fire Ronald Boman
Planning and Inspection Ronald Warren
Park and Recreation Eugene Hagel
A ssessment Peter Koole
Liquor Stores Truman Nelson
Assistant City Engineer James Grube
Street and Park Superintendent Henry Davis
Public Utilities Superintendent Craig Hoffmann
Recreation Superintendent Arnold Mavis
Health Officer Duane Orn, M. D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
C ivil Defense Coordinator James Lindsay
-1-
City of Brooklyn Center
LISTING OF CITY OFFICIALS
At May 31, 19$2
ELECTED OFFICIALS
Term of Office Term Expires
Mayor Dean Nyquist Two Years 12-31-83
Councilman Rich Theis Three Years 12-31-84
Councilman Bi11 Hawes Three Years 12-31�84
Councilman Gene Lhotka Three Years 12-31-82
Councilwoman Cecilia Scott Three Years 12-31-83
OFFICIALS NOT ELECTED
C ity Manager Gerald G. Splinter
C ity Clerk Gerald G. Splinter
C ity Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Dep�artment Heads;
Finance Paul W. Holmlund
Public V�Torks 5y Kna.pp
Police James Lindsay
F ire R onald Boman
Planning and Inspection Ronald Warren
Parks and Recreation Eugene Hagel
A ssessment Peter Koole
Liquor Stores Truman Nelson
Deputy City Clerk/Personnel Coordinator Thomas Bublitz
Housing/Purchasing Coordinator Brad Hoffman
Assistant City Engineer Jame� Grube
Street and Park Superintendent Henry Davis
Public Utilities Superintendent Craig Hoffmann
Recreation Superintendent A rnold Mavis
Health Officer Duane Orn, M. D.
Fire Marshall Gerald Pedlar
Sanitarian Thomas Heenan
Civil Defense Coordinator James Lindsay
-2-
ORGANI ZATION CH11RT
COUNCIL MANAGER PLAN
Ci�y of Brooklyn CentEr, Minnesota
ADVISOftY ELECTORATE CHARTER COMMISSION
Capital Impr�vement Review Ad.
ADVISORY
Youth Ad��isory Commission
AUVISORY CITY COUNCIL
Eiflusing Commission
ADVISORY CITY ATTORNEY
Conservation Commission
ADVISORY City Manager Administrative Assistant
Hurnan Rights Commi ssion City Clerk
Purchasing Officer
ADVI SORY
Pa rks and Recreation Commission
ADVISORY Administrative Assistants
r Planning Commission
I
Civil
Defense
i
I
I� 1 1 I 1 i
DIRECTOR DIRECTOR CHIEF DIRECTOR DIRECTOR CHIEF MANAGER DIRECTOR ASSESSOR
Planning Finance Police of Parks and Volunteer Liquor Public Tax
and Department DepartmPnt Environmental Recreation Fire Store Works Assessment
Inspection City Health Department Department r Department Department
Departrnent Treasurer Departsnent City
Government Enqineer
Buildings
Engineering Street Public
Division Division Utili�ies
i g C i o i 3 i a 3 0 9 3
ii 3t �S �1 ;d s9 Es �9 =n i: s� �a W. ar eA gs g8 s@ s@ S aa `a s �s s� €a 3a �a
k d Y. 9F o�
U� 8 I� IL
I U ��4 S�.— ,�2��-�; o I s _�JI�
J
p
'x 1
I II i F
aF aAOOK�.N P<AK
r �oo i
1
.�J�— y q �I 8
I j
J 1 �;,«v. ..r.u.., a I P<Fx I
f]f�] I d I IA S'
q ,�i i—I I J
Wo:.;�` wu�== V ���Y ,n,oW..
I ��fJL� a ..E Q.a i
a, j, r
Q p
R I 3 p x "1 /�i il �1 '1� �II
j e.,.. o n I w.. �°"ifF7 i��' �l�
I '�UU❑ ��0 :r:.�. e� [°u�"�.�=�E�K o�� ;�i l�'
44 I w «l
�f0�0�0 9,� R:�..OG �..�:ooC i" a.� w... o,.. u�� W
��n�n���.��, nn �v..-� g �:_-o�i�� ��,a,,e.
1
��.e�
.E
.o.. g=>
ti .k �—�1 s
�i
9$ ao� =,a.E.e. i �II�
.w.o. s
8�.. w ��00 �j ,6 as„� �fl�0 8
1 :I��
J� I I s,ao I I,I �p� I
I I �������u ,ff`�j��� s.� b a �m.o.,
�I III ...e....l w�—'=�� �V� �'j", ��L�J� 1.,s�r`+ �,.b.�.
r.' �1� ji� i
w:��� ii-'' ���0�0�1,�, F
�xn �i�
..j `NF;�y�� �E�I, I .�����i� e- J������ ,I� ��a��� w..wE...
F w 'Y�,o.n.� I�N �,I
...�,��.,,o. �n�� ���0� ��E..
��O ;;:-t ���i' ,r', i'
?o ���OG�0���00�
a.a,..� �E
�ao��� .=a. .o o
a s,TM w...
.r
a
,o..., l� ll tl
g �000 ao��oaao u.��.
I Y aS
LOCAL STREET X ��C��
INDE% Qa000�_ ao �oo�
5 w .00 Y
.o.
�y�rta�����ooaa000 a
W E,
i `1� t
TW�N �g$ ��rtP ��n�o�nn�o�.
.11 LAKE ��a�o�' I�I r��;� r
JI I� jl i !ua cei a��LJ I'L I<�. I I I, I; I�I_ I E� I� i I i I I �,r. Q i i
I 1� i� lp°� yllo E.�� oF M� il�
a� �r Il��� 1� i �i
��U�L _,...�EU CITY OF �I���
a��� B R O O K L Y N
TW�N :��e ,o...�E. C E N T E R
LAKE ��D '`iL II
I� ��M�oo�E� <9,..�,. ...R /\�p�
z �oo
�e I �o §a� \.�wE., II
7 ���L��< E, I I
\�T ��L RYAN LAKE I I
Aoee Hsaa�E_� I
�a����, a,r
V/� TWIN
v/,
p LAKE
l aowee�
CITY GENERi4L PROPERTIES
�s,
A. Civic Center (City Hall Community Center�
6. West Fire Station Liquor Store No. 2
C. East Fire Station
P/�tRK SYSTEM KEY D. Liquor Store No. 1(�eased Property)
E. Liquor Store No. 3(Leased Property)
1. Willow lane Park 13. Grandview Park F• City Maintenance Building
G. City Maintenance Annex
2. Orchard lane Park 14. Evergreen Park H. Well No. 6, 1207 69th Avenue North
3. Kylawn Park 15. Bellvue Park I. Well No. 7, 7230 Camden Avenue North
4. Lakeside Park 16. Marlin Park J, Water Tower f�o. 1
5. Brooklane Park 17. Firehouse Park K. Water Tower No. 2
6. Wangstad Park 18. Riverdale Park L. Water Tower No. 3
7. Northport Park 19. Freeway Park M. Lift Station No. 1, 6112 Vincent Avenue North
8. Happy Hollow Park 20. Arboretum
9. Palmer Lake Park 21. Fiver Ridge Park (Miss. River) N. Lift Station No. 2, 5450 Lyndale Avenue North
10. Garden City Park (State Owned) O. Future Water Treatment and Maintenance Annex
11. Central Park 22, Twin Lake Beach Park P� Vacant
12. Lions Park (City State Owned) �4- n• Old City Hall Site (Vacant)
I
CITY
OF 6301 SHINGLE CREEK PARKWAY
ROO�LYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
C E N T E EMERGENCY-POLICE-�FIRE
R
561-5720
June 8, 1982
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 Annual Audited Financial Report of the City of Brooklyn
Center as of December 31, 1981 and for the fiscal year then ended. Respon-
sibility for both the accuracy of the presented data and the completeness
and fairness of the presentation, including all disclosures, rests with the
1 City. Management believes that the data as presented, is accurate in all
material aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the City as
measured by the financial activity of its various funds; and that all
disclosures necessary to enable the reader to gain the maximum understand-
ing of the City's financial affairs have been included.
In developing and evaluating the City's accounting system, consideration is
given to the adequacy of internal accounting controls. Internal accounting
controls are discussed by the Finance Director in his accompanying letter of
I' 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 sub-
stantially with high standards of public financial reporting, including
generaZly accepted accounting principles promulgated by the National Council
on Governmental Accounting. The City of Brooklyn Center was awarded a
Certificate of Conformance for its Annual Financial Report for fiscal year
1980. It is my belief that the accompanying fiscal year 1981 Financial Report
continues to meet program standards, and it will be submitted to the Municipal
Finance Officers Association for review.
In accordance with the above mentioned guidelines, the accompanying re�ort
consists of three parts: (1) Introductory Section, including the Finance
Director's letter of transmittal; (2) Financial Section, including the
financial statements and supplemental data of the government accompanied by
our independent auditor's opinion; (3) Statistical Section, including a
number of tables of unaudited data depicting the financial history of the
government for the past ten years, information on overlapping governments,
and other miscellaneous information.
-5-
�Cie $oacet� a�r.e L�
HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL -2- June 8, 1982
State law and the Citv Charter require that the financial statements of the
C,ity of Brooklyn Center be audited b_y 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.
Res ectfully submitted,
Geral G plinter
City Ma er
1
i
1
1
1
1
1
1
1
1
1
_6_ 1
CITY
I, OF 6301 SHINGLE CREEK PARKWAY
B ROO�LYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561-5440
ENTER EMEFiGENCY-POLICE-�FIRE
561-5720
June 7, 1982 I I
I
Mr. Gerald G. Splinter I
City Manager
City of Brooklyn Center
Dear Mr. Splinter:
The Comprehensive Annual Audited Financial Report of the City of Brooklyn
Center, Minnesota for the year ended December 31, 1981 is submitted here-
with. 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 National Council on Governmental Accounting,
the American Institute of Certified Public Accountants, the Minnesota State
Auditor, and the Brooklyn Center City Charter.
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 leqislative power of the City and determines
all matters of policy. The Council is composed of a Mayor and four Cauncil-
persons who are elected at large. Each Councilperson serves a term of three
years and the Mayor serves a term of two years. The City Manager is the
head of the Administrative branch of the City Government and is responsible
to the Council for the proper administration of all affairs relating to the
City. The City Manager is the chief accounting officer of the City and 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
-7-
m�
Mr. Splinter -2- June 7, 1982
keeping of the public records. The City Treasurer has duties in connection
with the receipt, disbursement and custody of public funds. The City Attorney
is appointed by the Council. All other officers and employees of the City
are appointed by the City Manager. Appointment or removal of department
heads are made final upon a majority vote of the Council.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
In developing and evaluating the City's accounting system, consideration
is given to the adequacy of internal accounting controls. Internal �I
accounting controls are designed to provide reasonable, but not absolute,
assurance regarding: (1) the safeguarding of 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 of reasonable assurance recognizes that: (1) the cost of a
control should not exceed the benefits likely to be derived; and (2) the
evaluation of costs and benefits requires estimates and judgments 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 I3ote 1 of the Notes to Financial Statements which can be found in the
Financial Section of this report. Accounting for all the City's activities
are centralized under the Department of Finance. The responsibility for
maintaining and prescribing all financial records, establishing and main-
taining 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 enter-
prise funds, and special assessment funds, be budgeted. The City Manager
is charged with the responsibility of preparing the estimates of the annual
budget and the enforcement of the provisions of the budget as specified in
the budget resolution. Upon adoption of the annual budget resolution by
the Council, it becomes the formal budget for City operations. After the
budget resolution is adopted, the Council can increase the budget only if
actual receipts exceed the estimates or from accumulated surplus in the
amount of an unexpended appropriation from the previous fiscal year.
Financial reports, which compare actual performance with the budget, are
prepared monthly and presented to the Council so the Council is able to
review the financial status and measure the effectiveness of the budgetary
controls. Budget control is maintained by recording encumbrances as
purchase orders are written. Open encumbrances are reported as reservations
of fund balance at December 31, 1981.
THE CITY AND ITS SERVICES
This report includes all of the funds and account groups of the City. It
ihcludes all activities considered by the U.S. Bureau of Census to be
part of (controlled by or dependent on) the City. The Housing and Redevel-
opment Authority (HRA), although governed by Commission members who are
-8-
Mr. Splinter -3- June 7, 1982
also City Council members, is considered by Census to be a separate govern-
ment because: (1) it is an organized entity; (2) it has governmental
character; and (3) it is substantially autonomous. However, audited financial
statements for the HRA are included in this report since the City receives
and disburses funds for the HRA. Independent School District Nos. 286
(Earle Brown), 279 (Osseo), 281 (Robbinsdale), and 11 (Anoka) are totally
or partially located in Brooklyn Center and provide secondary education
services to s�udents within the corporate limits of Brooklyn Center. These
independent school districts are governed by their respective school boards,
therefore financial data applicable to them has been excluded from this
report. Independent School District No. 287 (Suburban Hennepin County
Area Vocational Technical Institute) financial data has also been excluded
for the same reason. State Aid insurance premium tax in the amount of
$49,325 was receipted in 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.
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
capital requirements by the municipal liquor stores operations have been
used toward financing current expense and capital outlay programs of the
General Fund.
The financial condition of each of the City's funds as of December 31, 1981
and the results of each fur�s'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.
GENERAL GOVERNMENTAL FUNCTIONS
A summary of the City budget for governmental functions as originally adopted
(prior to subsequent amendments) for the calendar year 1981 follows:
Proposed Expenditures
City operations (General Fund) $5,591,266
Debt redemption
Park Improvement Bonds of 1980 169,010
1969 Building and Improvement Bonds 209,600
Total Proposed Expenditures $5,969,876
Proposed Source of Financing:
Taxation (See summary of taxation
presented below) $2,746,020
Intergovernmental (State and
Federal revenue) 2,072,084
Tax penalties 50,000
-9-
Mr. Splinter -4- June 7, 1982
Proposed Source of Financing: (continued}
Local revenue:
Gener�l government services 455,430
Permits and licenses 190,000
Court Fines 92,000
Miscellaneous revenue 147,000
Transfers-in:
Liquor fund 125,000
Fund balance 92,342
Total Proposed Financing $5,969,876
Ad valorem tax levies for the current year 1981 and for the two previous
years are summarized and presented below:
1981 1980 1979
Mill Mill Mill
Tax Levy Rate Amount Rate Amount Rate Amount
City Operations 12.824 $2,120,866 14.013 $7,,910,190 14.150 $1,831,293
Debt redemption 2.288 378,610 1.678 228,700 1.962 254,000
Public Employee's
retirement 1.491 246,544 1.554 211,844 1.453 188,002
Total Levy 16.603 $2,746,020 17.245 $2,350,734 17.565 $2,273,295
Assessed Valuation 1981 1980 1979
Real estate $162,760,496 $134,112,276 $126,968,242
Non-exempt personal property 4,027,036 3,816,766 4,389,397
Fiscal disparities adjustment (1,680,827) (1,832,196) (1,464,192)
Total Assessed Valuation $165,106,705 $136,096,846 $129,893,447
Minnesota's Levy Limitation Law was first implemented in 1972. 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�s of the prior
year's levy. The law also provides certain mechanisms by which a munici-
pality may adopt levies outside the levy limitations. The following table
summarizes the City's compliance with the law for the years 1978 through 1981:
1981 1980 1979 1978
Total tax levy $2,746,020 $2,350,734 $2,273,295 $2,018,732
Less special tax levies 938,957 538,041 494,033 449,581
Limited levy $1,807,063 $1,812,693 $1,779,262 $1,569,151
Levy limitation 2,026,714 1,819,897 1,858,367 1,821,608
Under levy limitation 219,651 7,204 79,105 252,457
The State legislature enacted a"Fiscal Disparity Law" in 1971 which was I
not implemented until taxes payable in 1975 due to a constitutional challenge. I
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
i criteria. The impact of the disparity law on the City is shown below. The
City has, since the inception of the law eight years ago�contributed $8,131,731
in assessed valuation. The fiscal disparities adjustments for the eight years
are as follows:
-10-
Mr. Splinter -5- June 7, 1982
Year Assessed Assessed Value Net Received
Taxes Value Contri- Received Or
Payable buted to "Pool" From "Pool° (Contributed)
1975 2,355,241 2,816,222 460,981
1976 3,746,879 3,880,301 133,422
i977 3,726,462 3,525,256 (201,206)
1978 4,856,260 3,666,177 (1,190,083)
1979 6,172,992 4,708,800 (1,�64,192)
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)
8 Year Total $52,Y45,634 $44,013,903 (8,131,731)
As of December 31, 1981, the fund balance of the General Fund, which had
not been appropriated to a specific expenditure purpose, totaled $3,122,416.
This amount represents the working capital that is available to finance the
general operations of the City. In accordance with its method of determining
an adequate fund balance for working capital and contingencies in the General
Fund, the Council directed the transfer of $250,000 to the Capital Projects
Fund during 1981,
Revenue received to be used for general governmental operations totaled
$5,825,263 in 1981, an increase of $646,539 over the previous year. The
following table presents an analysis of the major revenue sources (budgetary
basis) of the General Fund for 1981 and compares them to 1980:
Increase
of (Decrease)
Revenue Source 1981 Total 1980 From 1980
Taxes, Ad Valorem $1,655,642 28.4� $1,593,709 61,933
Intergovernmental r�venue 2,340,201 40.2 2,091,433 248,768
Charges for services' 728,828 12.5 556,316 172,512
Licenses and permits 207,100 3.6 195,931 11,169
Court fines 111,596 1.9 111,382 214
Miscellaneous revenues 236,931 4.1 195,710 41,221
Other sources 544,965 9.3 434,243 110,722
Total Revenue $5,825,263 100.0� $5,178,724 $646,539
Expenditures for general government operations totaled $5,079,704 in 1981,
an increase of $479,625 over the previous year. The following table presents
an analysis of the major expenditure functions (budgetary basis) of the General
Fund for 1981 and compares them to 1980:
Increase
of (Decrease)
Expenditures By Function 1981 Total 1980 From 1980
General Government. 910,876 17.9� 840,311 70,565
Public Safety 1,590,008 31.3 1,446,132 143,876
Public Works 1,177,958 23.2 1,103,334 74,624
Community Health 39,385 .8 43,521 (4,136)
Parks and Recreation 1,163,551 22.9 925,312 238,239
Other uses 197,926 3.9 241,469 (43,543)
Total Expenditures $5,079.704 100.0�s 54.600,079 S 479.625
-11-
Mr. Splinter -6- June 7, 1982
The complete reporting of the General Fund financial o erations and osition
P p
can be found in the General Fund section of this report.
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, 1981 were as follows:
Ratio of Debt to Ratio of Debt to
Assessed Value Present Debt Per
Amount of Present Market Market Value Capita
Net direct bonded debt $2,618,602 1.45$ .40� 84.02
Outstanding general obligation bonds at December 31, 1981 totaled $5,170,000
of which $1,935,000 was issued to provide permanent financing for water,
sanitary sewer, storm sewer and streets. The repayment of these bonds is
provided from the proceeds of special assessments levied against the benefited
property. Included also in the outstanding G.O. Bonds were $600,-000 of G.O.
State Aid Street Bonds which were issued to finance state aid projects and are
repaid from state allotments. The remaining $2,635,000 is direct tax supported
debt which is repaid by the proceeds of ad valorem tax levies. During the
past year, $575,000 of general obligation bonds were retired.
Outstanding revenue bonds on December 31, 1981 totaled $480,000. These are
bonds issued in 1963 for improvements to the water utility a.nd are repaid
from the public utilities revenues. During the past year, 540,000 of revenue
bonds were retired.
The City has a current Moody's Investars Service bond rating of "A-1".
More detailed information about the debt position of the City can be found
in the statistical section of this report.
CASH MANAGEMENT
The Investment Fund was established to provide a uniform and consistent
means for investing temporary surpluses of individual City Funds. Each
individual City Fund invests in the Investment Fund and that Fund, in
turn, invests these temporary surplu�es in obligations issued by the United
States and its agencies, bank certificates of deposits, repurchase agree-
ments, savings and loan associations' savings certificates and City of
Brooklyn Center construction notes issued to provide temporary financing
for construction in the special assessment funds.
The average yield on investments during the year was 11.05$ and the Fund
distributed $1,622,451 in interest earnings to the participating funds.
GAPITAL PROJECTS FUND
The Capital Projects Funds of the City include the following:
Lawcon Fund: Established to account for federal and state land and water
conservation grants expended on developing certain park lands.
-1�
Mr. Splinter -7- June 7, 1982
Open Space Land Acquisition Fund: Established to account for federal and
state grants expended on the acquisition of public open space lands within
the community.
Community Development Block Grant Fund: Established to account for grants
received from the Department of Housing and Urban Development expended on
projects for low and moderate income individuals in the manner as set forth
in the Community Development Block Grant Guidelines.
Capital Projects Fund: Established to account for monies received from
various sources (including the Lawcon and Community Development Funds, G. O.
Bond funds- and other Fund transfers) expended on certain major, permanent
facilities. A listing of current capital projects can be found in Schedule S-l.
Municipal State Aid for Construction Fund: Established to account for monies
rece,ived from the Minnesota Department of Transportation expended on State
Aid approved projects.
The reporting of these funds'financial operations and position can be found
in the Capital Projects Funds'Statements section of this report.
PUBLIC UTILITIES FUND
Comparative data for the City's Public Utilities operations for the past
two fiscal years are shown in the following table:
1981 1980
Water Department operating revenue 504,269 $531,258
Sewer Department operating revenue 1,117,670 948,644
Water Department operating income 82,045 123,431
Sewer Department operating income 165,741 230,053
Water Department net income 583,819 498,399
Sewer Department net income 293,849 296,943
Water customers at year end 8,225 S,il9
Sewer customers at year end 8,426 8,371
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' finaneial operations and position can be found in
the Enterprise Funds'Statements section of this report.
LIQUOR STORES FUND
The City's three municipal off-sale liquor stores earned a combined net
profit of $155,519 for the calendar year ended December 31, 1981. The
Liquor Fund transferred $125,000 during the year to the General Fund to
assist in the financing of City operating expenses. A condensed comparison
of the stores' 1981 operations with those of 1980 follows:
19 81 19 80
Sales $2,477,234 $2,404,379
Cost of Sales 1,967,827 1,940,294
Gross profit on sales 509,407 464,085
Operating expenses 364,496 330,200
Net operating income 144,911 133,885
Interest and other income 10,608 8,571
Net Income 155,519 142,456
Transfers to the General Fund 125,000 I25,000
-13-
Mr. Splinter -8- June 7, 1982
The Department completed the installation of an on-line automated inventory
control and management system during 1981. The system features point of
sale terminals and automatic daily polling of these terminals by the computer
through telephone access.
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. The complete reporting of the Special Assessment Funds'
financiaZ operations ancl position can be found in the Special Assessments
Funds'Statements section of this report.
GENERAL FIXED ASSETS
The general fixed assets of the City are those fixed assets used in the
performance of general government functions and exclude the fixed assets
of the Enterprise Funds (Public Utilities and Liquor). As of December 31,
1981, the general fixed assets of the City amounted to $21,994,475. 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 CONFORMANCE
The Municipal Finance Officers Association of the United States and Canada
(MFOA) awarded a Certificate of Conformance in Financial Reporting to the
City of Brooklyn Center for its comprehensive annual audited financial
report for the fiscal year ended December 31, 1980.
In order to be awarded a Certificate of Conformance, a governmental unit
must publish an easily readable and efficiently organized comprehensive
annual financial report, whose contents conform to program standards.
Such reports must satisfy both generally accepted accounting principles
and applicable legal requirements.
A Certificate of Conformance is valid for a period of one year only. We
believe our current report continues to conform to Certificate of Conformance
Program requirements, and we are submitting it to MFOA to determine its
eligibility for another certificate.
-14-
Mr. Splinter -9- June 7, 1982
ACKNOWLEDGEMENTS
The preparation of this report on a timely basis could not be accomplished
without the efficient and dedicated services of the entire staff of the
I 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
PWH:pk
-15-
1
C ertif icate
1
of
s
C onf ormance
1
in Financla_
Ae ortin
p g
Presented to
1 Ci of
1
Brooklyn Center, Minnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1980
A Certificate of Conformance in Financial Re ortin i
p gs
preserated by the Municipal Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports (CAFR's) are judged to substantially
contorm to program standards.
��,E OFF/�
iN1ED STA�
v ANO H, 1 ilt
c CANADA o
�i CORPORATION
S'slEAl[.
v
y ��F CNICA6�N�
Executive Director
1
—16—
�I
oen an��entti� Lt�
1
CERTIFIED PUBLIC ACCOUNTANTS
VALLEY SOUTH BUILDING
6950 WAYZATA BOULEVARD SUITE 203
MINNEAPOLIS, MINNESOTA 55426-1777
(612) 546-3306
OIVA PENTTILA, CPA MEMBERS
GEORGE D. BETTS cPA May 21 19H�L AMERICAN INSTITUTE OF CPA'S
KENNETH P. JAEB, CPA MINNESOTA SOGETY OF CPA'S
1AME5 W. SEIFERT, CPA
Honorable Mayor, Members of the
City Council and City Manager
Brooklyn Center, Minnesota
We have examined the
combined fLnancLal statements of the City of
Brooklyn Center, Minnesota, as of and for the year ended December 31,
1981 and 1980, as listed in the table of contents. Our examination was made
in accordance with generally accepted auditing standards and, accordingly,
included such tests of the accounting records and such other auditing pro-
cedures as we considered necessary in the circumstances.
In our opinion, the combined financial statements referred to above
present fairly the financial position of the City of Brooklyn Center, Minnesota,
at December 31, 1981 and 1980, 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.
Our examination was made for the purpose of forming an opinion on the
combined financial statements taken as a whole. The combining, individual
fund, and account group financial statements and schedules listed in the table
of contents are presented for purposes of additional analysis and are not a
required part of the combined financial statements of the City of Brooklyn
Center, Minnesota. The information has been subjected to the auditing pro-
cedures applied in the examination of the combined financial statements and,
in our opinion, is fairly stated in all material respects in relation to the com-
bined financial statements taken as a whole.
Respectfully submitted,
r
MOEN PENTTILA, LTD.
Field work completed May 10, 1982.
Report signed May 21, 1982.
-1?-
City of Brooklyn Center Exhibit 1
All Fund Types and Account Groups
COMBINED BALANCE SHEET
December 31, 1981
Proprietary Fiduciary Totals
Governmental Fund Types Fund Types Fund Types Account Groups Memorandum Only
Special Debt Capital Special Trust General General Long December 31,
ASSETS General Revenue Service Projects Assessments Enterprise Agency Fixed Assets Term Debt 1981 1980
Cash on hand and in banks 42, 102
Investments (at cost)(Note lE) 1, 804, 784 3, 900 -0- 46, 002 76, 761
$1, 179, 874 $468, 605 $3, 497, 277 $3, 192, 658 2, 118, 03 159, 707 12, 430, 936 12, 020, 949
Receivables (net of uncollectible):
Taxes 200, 771 3, 396 29, 560 1, 305 235, 032 135, 953
A ccounts 8, 495 3, 523 13, 651 105, 885 43, 806 175, 360 153, 857
Special assessments 7, 949 4, 071, 546 3, 859 4, 083, 354 1, 945, 666
Accrued revenue 2, 083 210, 36fi
212, 449 147, 091
City share of improvements 178, 758 178, 758 159, 092
Due from other funds 621, 914 54 753, 273 401, 280 120 1, 776, 641 1, 458, 150
Due from other governments 638, 182 57, 477 34, 100 1, 401, 803 1, 439 83, 565 2, 216, 566 1, 047, 512
Inventories and supplies (Note 1F) 61, 381 268, 984 330, 365 327, 233
Prepaid expenses and deferred
charges 77, 352 14, 761 78, 145 170, 258 71, 396
Restricted investments and
other assets (Notes 3& 4) 4, 606, 531 4, 606, 531 4, 349, 050
Property, plant and equipment
(Note 12) 13,425,174 $21,994,475 35,419,649 32,391,987
Less; Accumulated depreciation 3, 095, 334) 3, 095, 334) 2, 899, 918)
Authorization to assess for con-
struction in progress 6, 251 6, 251 1, 546, 860
Amount available in debt service funds 508, 482 508, 481 403, 728
Amount to be provided for �eneral
Long-Term Debt 2, 904, 479 2, 904, 479 3, 175, 364 i
Total Assets $3, 454, 981 $1, 254, 356 $532, 2 $5, 652, 353 880, 344 $17 80�J, 226 $214, 818 $21, 994, 475 $3, 412, 960 $62, 205, 778 $56, 510, 731
City of Brooklyn Center Exhibit 1
All Fund Types and Account Groups (continued)
COMBINED BALANCE SHE�T
December 31, 1981
Proprietary Fiduciary Totals
Governmental Fund T.ypes Fund T,ypes Fund Types Account Groups Memorandum Only
Special Debt Capital Special Trust General General Long December 31,
LIABILITIES AND FUND General Revenue Service Projects Assessments Enterprise Agency Fixed Assets Term Debt 1981 1950
EQUITY
Liabilities
Accounts payable 300, 413 5, 160 ll3, 740 7, 681 Q 226, 994 390, 675
Con4racts payable 189, 253 32, 682 185, 316 407, 251 783, 146
Due to other funds 125, 601 375, 101 24, 164 937, 243 'L68, 449 46, 083 1, 776, 641 1, 458, 150
Accrued expenses 101, 627 295, 789 19, 631 417, 047 304, 661
Construction loans payable 2, 509, 642 2, 509, 642 1, 929, 423
Assessments payable on City
property (Note 5) 177, 960 177, 960 159, 092
Special assessments bonds
payable 1, 935, 000 1, 935, 000 2, 325, 000
Revenue bonds payabl� 480,000 480,000 520,000
General obligation bonds
payable 3,235,000 3,235,000 3,420,000
Customer and contractor deposits 12, 200 L2, 200 400
Deferred credits (Notes 3& 4) z99� �88 299 �88
Due to other governments 135, 786 18, 513 207, 137 361, 436 545, 878
Total Liabilities 327, 641 375, 101 24, 164 $1, 267, 442 $5, 053, 762 1, 163, 071 $214, 818 -0- $3. 412, 960 $11, 838, 959 $11, 836, 425
Fund Equity
Contributed capital $10,158,862 $10,158,862 $10,101,350
Invested in general fixed assets $21, 994, 475 21, 994, 475 19, 463, 637
Retained earnings;
Reserved:
Appropriations and deferred
assessments 365, 544 365, 544
Reserved for debt retirement 135, 280 135, 28a 131, 485
Reserved for construction 92, 139 92, 139 82, 982
Reserved for working capital 620, 000 620, 000 20, 000
I�esignated for plant expansion 4, 000, 000 4, 000, 000 3, 777, 213
Unreserved 1,274,330 1,274,330 1,567,426
Fund Balances:
Reserved:
Reservedfor encumbrances
(Note 1G) 4, 924 4, 924 19; 171
Reserved for debt services $2,635,539 2.635,539 2,291.377
Appropriations 504, 281 $508, 101 $2, 627, 584 191, 043 3, 831, 009 2, 459, 132
Unreserved 3, 122, 416 374, 974 1, 757, 327 5, 254, 717 4, 760, 533
Total Fund Equity $3, 127, 340 879, 255 $508, 101 $4, 384, 911 $2, 826, 582 $16, 646. 155 -0- ¢21, 994, 475 -0- $50, 366, 819 $44, 674. 306
Total Liabilities and Fund Equity $3, 454, 981 $1. 254, 356 $532, 265 $5, 652.353 $7, 880, 344 $17. 809, 226 $214, ii18 �'L1, �J94, 475 $3, 412, 960 $62, 205, 778 $56, 510, 731
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
i
i
r r
City of Brooklyn Center Exhibit 2
All Governmental Fund Types
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
December 31, 1981
Memorandum Only
Special Debt Capital Special Totals
General Revenue Service Projects Assessments 1981 1980
Revenues
Taxes and specia2 assessments levied $1, 655, 642 $378, 610 $2, 595, 907
4, 630, 159 2, 449, 082
Licenses and permits 207, 100 207, 100 195, 931
Intergovernmental revenue 2, 34Q 201 $211, 738 $1, 172, 744 3, 724, 683 3, 247, 840
Charges for services 728, 828 25, 098 753, 92& 470, 732
Fines and forfeits 111, 596 111, 596 111, 382
Interest 45,123 362,968 458,306 866,397 697,459
Miscellaneous 236, 931 119, 298 61, 150 1, 283, 843 1, 701, 222 417, 025
Total Revenues $5, 280, 298 $356, 134 $423, 733 $1, 596, 862 $4, 338, 058
$11, 995, 083 7, 589, 451
Expenditures
General government 910, 131 910, 131 839, 307
Public saPety 1, 588, 149 1, 588, 149 1, 442, 619
Streets and hi hwa s 1 176 447
g Y 1, 176, 447 1, 103, 166
Community health services 39, 385 39, 385 37, 336
Parks and recreation 1, 162, 878 1, 162, 878 917, 224
o Other 40,586 607 13,737
3, 807 58, 737 61, 563
Capital outlay 1, 113, 200 1, 017, 477 2, 130, 677 5, 171, 774
Debt service: I
Principal retirement 185, 000 185, 000 195, 000
Interest and fiscal charges 227, 154 123, 608 350, 762 277, 177
Total Expenditures $4, 876, 990 4D, 5$6 $412, 761 $1, 126, 937 $1, 144, 892 7, 602, 166 $30, 045, 166
Excess of Revenues Over (Under) Expenditures 403, 308 $315, 548 10, 97'L 469, 925
$3, 193, 164 4, 392, 917 $(2, 455, 715)
Other Ftnancing Sources (Uses)
Charges against authorization to assess $(2, 614, 393) 2, 614, 393)
Sale of bonds
1,500,000
Transfers in from other funds 544, 965 93, 401 497, 345 178, 002 1, 313, 713 1, 235, 343
Transfers out to other funds 250, 000) $(375, 801) 55, 000) 680, SO1� 1, 346, 617)
Insurance and other 197, 790) i, 500 196, 290) 174, 1561
Total Other Financing Sources (Uses) 97, 175 ${375, 801) 93, 401 443, 845 $(2; 436, 391) 2, 177, 771) 1, 214, 570
Excess of Revenues and Other Sources Over (Under)
Expenditures and Other Uses 500, 483 60, 253) $104, 373 g 913, 770 756, 773 2, 215, 146 1, 241, 145
Decrease in reserve for encumbrances ]9, 170) 19, 170)
Fund Salances, January 1 2, 646, 027 939, 508 403, 728 3, 471, 141 2, 069, 809 9, 530, 213 10, 31$, 877
Fund Balances, December 31 $3, 127, 340 $879, 255 $508, 101 $4, 384, 911
$2, 826, 582 $11. 726, 189 9, 077, 732
(See notes to financial statements)
This statement is an integral part of report dated Ntay 26, 1982.
City of Brooklyn Center Exhibit 3
General Fund
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
ACTUAL (GAAP BASIS) AND COMPARISON OF BUDGETARY BASIS TO BUDGET (NON-GAAP!
For the Year 1981 With 1980 Actual (GAAP Basis) for Ccmparison of Actual
Y e a r 1 9 8 1
Adjustment Bud�etary Basis
Actual to Rud�etary Budgetary Over (Under) 1980 Actual
(GAAP Basis) Basis Basis Budget Budget (GAAP Basis)
R eve nue
Ad valorem taxes $1. 655, 642 $1, 655. 642 $1, 670, 631 14, 989) $2, 188, 218
License and permits 207, 100 207, 100 190, 000 17, lU0 195, 931
Intergovernmental revenue 2, 340, 201 2. 340, 201 2, 367, 253 27, 052) 1, 496, 924
Charges for services 728,828 728.828 612,930 115,898 451,688
Court fines 111, 596 111. 596 92, 000 19, 596 111, 382 I
Miscellaneous 236, 931 236, 931 35, 865 201, O66 300, 338
Total Revenue $5, 280, 298 -0- $5, 280, 298 $4, 968, 679 $311, 619 $4, 744, 481
E xpenditures
General government 910, 131 745 910, 876 967, 533 56, 657) 839, 307
Public safety 1, 588, 149 1. 859 1, 590, 008 1, 691, 954 101, 946) 1, 442, 619
Streets and highways 1, 176, 447 1. 511 1, 177, 958 1, 318, 810 (140, 852) 1, 103, 166
N Community healtk services 39, 385 39, 385 43, 000 3, 615) 37, 336
Parks and recreation 1, 162, 878 673 1, 163, 551 1, 276, 290 (112, 739) 917, 224
Total Expenditures $4, 876, 990 4, 788 $4. 881, 778 $5, 297, 587 $(415, 809) $4, 339, 652
Excess (Deficiency) of Revenue Over Expenditures 403, 308 4, 788) 398, 520 328, 908) $727,428 404,829
Other Financing Sources (Uses)
Appropriated Ge�eral Fund fund balance 92, 342 92, 342 92, 342 I
Operating transfers in 544, 965 544, 965 587. 070 42, 105) �u 434, 243 I
Insurance and other unallocated expenditures 197, 790) 136) 197, 926) 350, 504) 152, 578 241, 256}
Transfer to Capital Projects Fund 250, 000) 250, 000) (250, 000) 490, 000)
Total Other Financing Sources (Uses) 97.175 92,206 189,381 328,9Q8 $(139,527) 297,013)
Excess (Deficiency) of Revenues Over Expentlitures
and Other Sources (Uses) 500,483 87,418 g 587,901 -0- $587,901 107,816
Fund Balance at Beginning of Year 2, 646, 027 2, 646, 027 2, 646, 027 2, 758, 631
Fund balance appropriated to budget 92, 342) 92, 342) �J2, 342)
Decrease in reserve for encumbrances 19, 140) 4, 924 14, 246) -0- I4,B46) 220, 420)
Fund B alance at End of Year $3, 127, 340 -0- $3, 127, 340 $2, 553, 685 $573, 655 $2, 646, 027
(See ❑otes to financial statements)
This statement is an integral part of report dated May 26, 1982.
w a■�
i
City of Brooklyn Center Exhibit 4
Special Revenue Funds
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE BUDGET AND ACTUAL
r For the Year Ended December 31, 1981
A ctual
Over (Under)
Budget A ctual Budget
Intergovernmental Revenue
Federal grants $204, 675 $204, 675
State grants 063 063
Total Intergovernmental
Revenue $211, 738 $211, 738 -0-
Charges for Services
Tree removal fees 23, 238 23, 238
Administrative charges 1, 860 1, 860
Total Charges for Services 25, 098 25, 098 -p_
Misceilaneous l�evenue
Interest on investments $108, 832 $108, 832
Special assessments ordered 3, 222 3, 222
Refunds 7, 244 7, 244
Total MiscElla.neous
Revenue $119, 298 $119, 298
Total Revenue $356, 134 $356, 134 -p-
Expenditures
Contracted services 39, ?55 39, 755
Refunds 32 32
Other 799 799
Total Expenditures 40, 586 40, 586 -0-
Excess of Revenues Over
Expenditures $315, 548 $315, 548 -p_
Other Financing Sources (Uses) 375, 801) 375, 801)
Excess (Deficit) of Revenues and
Other Financing Sources Over
Expenditures and Other Uses 60, 253) 60, 253) -p-
Fund Balance, January 1 $939, 508
Fund Balance, December 31 $879, 255
i
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
-22-
City of Brooklyn Center Exhibit 5
All Proprietary Fund Types
COMfiINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAIIVED
EARIVINGS/FUND BALANCES
For the Year Ended December 31, 1381
With Comparative Totals for the Year Ended December 31, 1980
Proprietary Fund Types
Municipal Public Totals
Liquor Utilities 1981 1980
Revenues
Charges for services $1, 518, 638 $1, 518, 638 $1, 479, 902
Gross margin on product sales $509, 407 509, 407 464, 085
Interest 8,446 647,302 655,748 465,071
Other revenuea 2, 162 106, 271 108, 433 13, 938
Total Revenues $520, 015 $2, 272, 211 $2, 792, 226 $2, 422, 996
Expenses
Personal services $193,305 157,512 350,817 320,193
Contractual services 57, 868 269, 470 327, 338 240, 176
Supplies and materials 8, 343 34. 105 42, 448 42, 050
Insurance 23,252 4,654 27,906 31,938
Rent and administration 63, 546 86. 096 149, 642 128, 442
Interest and fiscal agent fees 30, 343 20, 343 21, 710
Depreciation 12, 542 185, 060 197, 602 190, 989
N Metropolitan Waste Control Commission service charges 637, 256 637, 256 502, 830
w
Other 5, 640 47 5, 687 6, 870
Total Expenses $364.496 $1, 394, 543 $1, 759, 039 $1, 485, 198
Excess of Revenues Over (Under) Expenses $155, 519 877, 668 $1, 033, 187 937, 798
Other F[nancing Sources (Uses)
Transfers to General Fund $(125, 000) g( 125, 000) 125, 000)
Total Other Financing Sources (Uses) $(125, 000) -0- 125, 000) 125, 000)
Excess of Revenues and Other Sources Over (Under) Expenses and Other Uses 30, 519 877, 668 908, 187 812, 798
Retained EarningslFund Balance, January 1 210, 355 5, 368, 751 5, 579, 106 4, 466, 308
Retained Earnings/Fund Balance, December 31 $240, 874 $6, 246, 419 $6, 487, 293 $5, 579, 106
(See notes to financial statements)
This statement is an integral part of report dated Ma,y 26, 1982.
1
City of Brooklyn Center Exhibit s
Proprietary Funds (Note 12)
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1981
With Comparative Totals for the Year Ended December 31, 1980
Municipal Public
Liquor Utilities Totals
Fund Fund 1981 1980
Sources of Financial Resources
Operations:
Net income for year $155, 519 877, 668 $1, (133, 187 937, ?98
A dd: Items not requiring
current outla.y of
resources:
depreciation 12, 542 185, 060 197, 602 190, 990
'I Total Resources Provided
by Operations $168, 061 $1, 062, ?28 $1, 230, 789 $1, 128, 788
Property sold 2, 188 2, 188
Debt retirement investments sold 1, 365
Contributions toward construc-
tion 57, 512 57, 512 79, 474
Decrease in working capital 8, 067 8, 067
Decrease in deferred assessments 4, 936
Decrease in M. W. C. C, receivable 8, 866 8, 866 8, 348
Decrease in settlement receivable 1, 402
Totals $176, 128 $1, 131, 294 $1, 307, 422 $1, 224, 313
Uses of Financial Resources
Purchase of properties 51, 128 447, 883 499, 011 140, 196
Payments to retire bonds 40, 000 40, 000 35, 000
Increase in working capital 362, 726 382, ?26 729, 537
Increase in restricted invest-
ments 222, 787 222, 787 176, 196
Transfers to General Fund 125, 000 125, 000 125, 000
Amortization of deferred
gain on sale of assets 3, 284 3, 284 3, 284
Construction funds invested 9, 157 9, 157 6, 752
Amortization of Metro
Waste Control Commiss-
ion deferred credit 8, 866 8, 866 8, 348
Depreciation on property sold 2, 188 2, 188
Increase in deferred assess-
ments 30, 608 30, 608
Debt retirement proceeds
invested 3, 795 3, 795
Totals $176, 128 $1, 131, 294 $1, 3Q7, 422 $l, 224, 313
(See notes to financial statements)
This statement is an integral par�t report dated May 26, 1982.
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 5981
Note 1: Summary of Significant Accounting Policies
A Fund A ccountin
g
The accounts of the City are organized on the basis of
funds and account groups, each of which is considered a separate
accounting entity. The operations of each fund are accounted
for with a separate set of self-bala.ncing accounts that comprise
its assets, liabilities, fund equity, revenues, and expenditures,
or expenses, as appropriate. Government resources are allocated
to and accounted for in individual funds based upon the purposes for
which they are to be spent and the means by which spending activi-
ties are controlled. The various funds are grouped, in the fin-
ancial statements in this report, into seven generic fund types
and three broad fund categories as follows:
GOVERNMENTAL FUNDS
General Fund The General Fund is the general operating fund
of the City. It is used to account for all financial resources
except those required to be accounted for in another fund.
Special Revenue Funds Special Revenue Funds are used to
account for the proceeds of certain speeific revenue sources
that are legally restricted to expenditures for specified purposes.
Debt Service Funds Debt Service Funds are used to account for
the accumula.tion of resources for, and the pa.yment of, general
long-term debt principal, interest, and related costs.
Capital Projects Funds Capital Projects Funds are used to
account for financial resources to be used for the acquisition
or construction of major capital facilities other than those financed
by proprietary funds or Special Assessment Funds.
Special Assessxnent Funds Special Assessment Funds are used
to account for the financing of public improvements or services
deemed to benefit the properties against which special assessments
are levied.
-25-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 1: Summary of Significant Accounting Policies -(continued)
PROPRIETARY FUNDS
Enterprise Funds Enterprise Funds are used to account for
operations that are financed and operated in a manner similar to
private business enterprises where the intent is that the costs
(expenses, i.ncluding depreciation) of providing goods or services
to the general public on a continuing basis be financed or recovered
primarily through user charges.
FIDUCLARY FUNDS
Agency Funds Agency Funds are used to account for assets
held by the City as an agent for other government units.
B. Fixed Assets and Long-Term Liabilities
The accounting and reporting of fi�ed assets and long-
term liabilities associated with a fund are determined by its
measurement focus. All governmental funds are accounted for
on a spending or "financial flow" measurement, which means
that only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance
is considered a measure of "availa.ble spendable resources".
Governmental fund operating statements present increases
(revenues and other financing sources) and decreases (expenditures
and other financing uses) in net current assets. Accordingly,
they are said to present a summary of sources and uses of
"available spendable resources" during a period.
Fixed assets used in governmental fund type operations
are accounted for in the General Fi.xed Assets Account Group,
rather than in the governmental funds. Public domain general
fixed assets consisting of certain improvements other than
buildings, including roads, curbs and gutters, streets and side-
walks drainage systems, and ligi�ting systems, are capitalized
along with other general fixed assets. No depreciation has been
provided on general fixed assets.
All fixed assets are valued at historical cost or estimated
historical cost if historical cost is unavailable. Donated fixed
assets are valued at their estimated fair value on the date donated.
-26-
City of Brooklyn Center
NOTES TO FIlVANCIAL STATEMENTS
December 31, 1981
Note 1: Summary of Significant Accounting Policies -(continued)
The fixed assets of the Liquor and Public Utilities Funds
are depreciated using the straight-line method over the estimated
useful lives of the assets. The estimated useful lives are as follows:
Public Utilities
Water Sewer Liquor
Mains/Lines 100 yrs. 100 yrs.
Structure/improve 30 yrs. 25 yrs. 3-10 yrs.
Equipment 5- 25 yrs. 3-10 yrs.
Public LTtility assets financed by special assessments are
recorded as contributions in aid of construction.
Long-term liabilities expected to be financed from govern-
mental funds are accounted for in the General Long-Term Debt
Group, not in the governmental funds. The single exception to
this rule is for special assessment bonds, which are accounted
for in Special Assessment Funds.
The two account groups differ from "funds" in that they
are not involved with measurement of results of operations. They
are concerned only with the measurement of financial position.
Because of their spending measurement focus, expendi- 1
ture recognition for governmental fund types is limited to exclude
amounts represented by noncurrent liabilities. Since they do not
affect net current assets, such long-term accounts are not recog-
nized as governmental type expenditures or fund liabilities. They
are instead reported as liabilities in theGeneral Long-Term Debt
A ccount Group.
C. Basis of Accountin�
tin refers to when revenues and ex endi-
Basis of accoun g p
tures or expenses are recognized in the accounts and reported in
the financial statements. Basis of accounting relates to the timing
of the measurement made, regardless of themeasurement focus
aPPlied.
-27-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 1; Summary of Significant Accounti.ng Policies -(continued)
All overnmental funds and a enc funds are accounted for
g g Y
using the modified accrual basis of accounting. This means that
their revenues are recognized when they become measurable and
available as net current assets. Special assessments and property
taxes are considered "measurable" when in the hands of inter-
t mediary collecting governments and are recognized as revenue
at that time. Anticipated refunds of such taxes are recorded as
liabilities and reductions of revenue when they are measurable
and their validity seems certain. Virtually all sources of
revenue are accrued except interest on special assessments receiv-
able which is recognized when due.
i
Expenditures are generally recognized under the modified
accrual basis of accounting when the related fund liability is
incurred. Exceptions to this general rule include: (1) accumu-
lated unpaid vacation, sick pay, and other employee amounts
which are not accrued; and (2) principal and interest on general
long-term clebt which is recognized when due.
AIl 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 receiv-
ables are recorded at year end.
D. Budgets and Budgetary A ccountirig
Financial control of spending for various governmental
activities is exercised through the use of budgetary procedures.
Exclusive authority over all budget matters remains with the
Council. The Council adopts all budgets, and any amendments
to those budgets also require specific approval by the Council.
Departmental budgets may not exceed amounts set by the Council
althought lega,lly gross expenditures may not exceed gross reve-
nues and other sources. Budgetary reporting is included in this
report in the General Fund on the modified accrual bas is of
accounting. Formal annual budgets are not employed for Special
Revenue Funds, Capital Projects Funds, Special Assessment
-28-
IL
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 1: Summary of Signi.ficant Accounting Policies -(continued)
Funds or Debt Service Funds. Effective budgetary control
is alternatively achieved in these funds by Council approval
of individual projects and expenditures. Supplemental appro-
priations during the year were not material in amount. Appro-
priations which are not encumbered at year end lapse.
E Investments
Investments are stated at cost, which approximates
markEt. Cash bala.nces from all funds are pooled and invested,
to the extent available, in authorized investments. Interest
income on such investments is recorded as earned, and allocated
to the respective funds on the basis of the participating funds
investment.
F. Inventory
Inventories within the Water and Sewer Fund and the
Municipal Liquor Stores Fund are valued at the lov�e r of cost
(first-in, first-out) or market. Inventory quantities are deter-
mined by utilizing physical counts.
G. Encumbrances
Encumbrances accounting, under which purchase orders,
contracts, and other committments for the expenditure of monies
are recorded in order to reserve that portion of the applicable
appropriation, is employed. Encumbrances outstanding at year
e s Lnce the do
f d b lanc s
end are re orted as reservations of un a
p Y
not constitute expenditures or liabilities.
H. Comparative Data
Comparative totals for the prior year have been presented
in the accompanying fina.ncial statements in order to provide an
understanding of changes in the City's financial position and oper-
ations. However, comparative (i.e., presentation of prior year
totals by individual funds) data have not been presented in each
of the statements since their inclusion would make the statements
unduly complex and difficult to read.
-29-
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 1: Summary of Significant Accounting Policies -(continued)
I. Total Columns on Combined Statements
Total columns on the Combined Statements are captioned
Memorandum Only to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not pre-
sent financial position, results of operations, or changes in
financial position in conformity with generally accepted account-
ing principles. Neithe r is such data comparable to a consoli-
dation. Interfund eliminations have not been made in the
aggregation of this data.
J. Property Tax
The City Council annually adopts a tax levy and certifies
it to the County for billing and collection. The County is respon-
sible for billing and collecting all property taxes for itself, the
City, the local School District and other taxing authorities.
These taxes are payable (by property owners) by May 31 and
October 31 of each calendar year. These taxes are collected by
the County and remitted to the City by. approximately each sub-
sequent July 15 and December 15. A dditionally, delinquent
collections are remitted to the City with each settlement. The
C ity has no ability to enforce payment of property taxes by pro-
perty 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 two
equal installments in July and December each year.
The city recognizes property tax revenue when it becomes
both measurable and available to finance expenditures of the
current period.
K. Special A ssessments
Special assessments are levied against the benefited pro-
properties for the assessable costs of special assessment impro-
vement projects in accordance with State Statutes. The City
usually adopts the assessment rolls when the individual projects
are complete or substantially complete. The assessments are
collectible over a term of years generally consistent with the
30
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 1: Summary of Significant Accounting Policies (continued)
K. Special A ssessments continued
term o£ years of the related bond issue. Collection of annual
installments (including interest) is handled by the County in
the same manner as property taxes. Property owners are
allowed to prepay total future installments without interest or
pre-payment penalties.
The City recognizes speeial assessrnent revenue when
it becomes both measurable and available to finance bonded debt.
In practice, special assessment principal is recognized as rev-
enue in the year when assessment rolls are tabulated and adopted
by the City Council, and when it is available to finance the regulated
bond issue principal. Special assessment interest is recognized
as revenue in the year due.
Once a special assessment roll is adopted, the amount
attributed to each parcel is a lien upon that property until full
payment is made or the amount is determined to be excessive
by the City Council or 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 sale) are remitted
to the City in payment of delinquent special assessments. Gen-
erally, the City will collect the full amount of its special assess-
ments if not adjusted by City Council or court action. Accordingly,
no allowance for potentially uncollectibl.e assessments has been
provided.
L. Local Government A id
Local government aid is provided to the City by the
State as a shared tax based upon a statutory formula. and with-
out spending restrictions. Payment frorn the State is generally
received during each calendar year for'that calendar year. The
City recognizes local government aid revenue when it becomes
both measurable and available to finance current operations.
M. Grants
The City receives various Federal, State and other grants,
the purpose of which is to fund specific City expenditures.
-31-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 1: Summary of Significant Accounting Policies -(continued)
M. Grants continued
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.
N. Severance and Vacation Pay Policies
The City pays employees severance pay upon termin-
ation of employment based on accumulated sick leave and accrued
vacation. Severance, vacation and sick leave pay are recorded
as an expenditure when paid. At December 31, 1980, the City
had a liability of $110, 426 for accrued vacation pay and a
liability of 150, 481 for accumulated sick leave.
Note 2; Changes in Long-Term Debt
The following is a summary of bond transactions of the
City for the year ended December 31, 1981:
Debt Public S ecial
P
Service Utilities Assessments
Fund Fund Fund Total
Bonds payab�e
January $3, 420, 000 $520, 000 $2, 325, 000 $6, 265, 000
Bonds retired 185, 000) 40, 000) 390, 000) 615, 000)
B onds Payable
December 31 $3, 235, 000 $480, 000 $1, 935, 000 $5, 650, 000
$508, 101 is available in Debt Service Funds for payment of
General Obligation Bond principal and interest.
General Obligation Bonds
General Obli ation Bonds are recorded in the eneral
g G
Long-7'erm Debt Group of A ccounts and are backed by the full
faith and credit of the City.
-32-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 2: Changes in Long-Term Debt -(continued)
Special Assessment Bonds
These bonds are recorded as a liability in the Special
Assessment Funds and are payable primarily from special
assessments levied and collected for 1oca1 improvements. The
City has a cot�tingent liability relating to a pledge of full faith and
credit on the Special Assessment Bonds. The general �redit of
the City is obligated only to the ext�nt that liens foreclosed against
properties involved in the special assessment districts are insuffi-
cient to retire outstanding bonds.
Note 3: Public Utilities Fund
Public Utilities Revenue bonds were issued during 1963 to
finance an addition to the water works system. These bonds,
to ether with related interest and service char es, are a able
g P Y
solely from the operations of the Public Utilities Fund and are not
a general obligation of the City. The resolution authorizing and dir-
ecting the issuance of these bonds contain covenants and restrictions
enacted for the purpose of protecting the bondholders' interest.
Paragraph 8 of the resolution provides for the segregation of assets
and the appropriation of retained earnings for debt retirement pur-
poses and defines the manner of accounting for the activities of
the Public Utilities Fund.
As required by Paragraph 10e of the issuing resalution, an
analysis of each account balance appears as follows:
Construction Account
Proceeds of bond sale $1, 000, 000
A dd: Investment earnings through 1980 357, 918
1981 Investment earnings 9, 15?
Total Investment Earnings 367, 075
Deduct: Construction expenditures through 1980 $1, 274, 936
Total construction expenditures -0-
Total Construction Expenditures $1, 274, 936
Construction Account Balance 92, 139
-33-
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 3: Public Utilities Fund -(continued)
Debt Retirement A ccount
Accumulated amounts set aside to meet 1982
requirements for interest and principal:
Investments with accrued interest 60, 280
Reserve account investments 75, OOD
otal Debt Retirement A ccount 13 5 280
T
A summary which reconciles restricted assets with earnings
and also compares appropriated earnings with restriction require-
ments as set forth by the resolution authorizing the sale of revenue
bonds is presented as follows:
R eve nue
Construction Bond Reserve
A ccount A ccount A ccount
Restricted Assets 12/31/1980 92, 139 60, 280 75, 000
Appropriated Earnings at
12/31/1980 92, 139 60, 280 75, 000
L All bonds which mature on January 1, 1982 or thereafter are
subject to redemption (call) on January 1, 1974, or any interest pay-
ment due thereafter in inverse-numerical order at par and accrued
interest and premium as follows:
If redeemed January 1, 1981, or thereafter no premium.
Since 1963 the Public Utilities Fund has been accumulatin
g
cash for the purpose of improving the water supply system for the
residents of the City. Present plans for expa.nsion include capital
outlays of $2, 360, 000 for new wells and distribution system improve-
ments; $2, 500, 000 for the construction of a 2 2 million gallon ground
storage reservoir system; and an additional $12, 500, 000 if a water
treatment plant is added. To date $3, 700, 000 has been accumulated
and set aside for partially meeting the financial requirements for
the planned expansion.
-34-
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 3; Public Utilities Fund -(continued)
Since the inception of the system, the Public Utilities
Fund has also been accumulating cash for the purpose of improv-
ing the sanitary sewer system which serves the residents of the
City. Present pla.ns include capital outlays of $350, 000 for Lift
Station improvements including installa.tion of alaxm systems and
standby power installations. An "Infiltration and Inflow" analysis
study was intiated in 1981 and will be completed in 1982. It is
anticipated that this study will include recommendations for the
correction of defective segments of the sanitary sewer system.
In addition, the City plans to purchase new sewer cleaning equip-
ment during 1982-83 at an estimated cost of $120, 000. To date,
$300, 000 has been accumulated and set aside for partially meeting
the financial requirements for these planned i.mprovements.
Note 4: Public Utilities Fund Metro Waste Control Commission
Receivables and Reserves
Pursuant to enacted legisla.tion (Metropolitan Sewer Act
Chap�er 449 Session Laws) the Metropolitan Waste Control Comm-
ission as of January 1, 1971, assumed ownership of all existing
interceptors and treatment works needed to impleme nt a compre-
hensive plan for the collection, treatment, and disposal of sew-
age in the seven county metropolitan area.
Under the terms of the Act, the Commission is obligated to
reimburse each local government for the cost of facilities acquired.
This cost or purchase price of facilities is based on depreciated
replacement cost value as of December 31, 1970 as determined by
cost analysis and engineering studie�. This current value receiv-
able is to be paid by the Metropolitan Waste Control Commission
over a period of 30 years and the amount will earn interest at an
annual rate of 4%. The method of payment will be by right of offset.
The City will apply each annual installment against sewer service
charges as billed by the Metropolitan Waste Control Commission
annually.
The installrn.ent credit for 1981 consisted of principal and
interest and the amount of credit offset against 198Q sewer service
billings totaled $8, 866, leaving a balance due over the next 20
years of $237, 376, as adjusted by the M. W. C. C.
-35-
�i, City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 5: Special Assessment Funds
Special assessments which related to improvements benefit-
ing City-owned properties total $177, 960 as of December 31, 1981.
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 under normal budget procedures, whereby the needed
monies will be appropriated during the years as each installment
becomes due.
Note 6: Pension Plans and Pension Funds
The City participates in two pension plans as follows:
1. All C ity employees, with the exception of volunteer
firemen, who has a separate plan, are covered by the
Public Employees' Retirement Plan. This plan is admin-
istered 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°Jo to 12% ($197, 776 for 1981)
of its employees' salaries to this plan, and part of that
contribution covers previously unfunded amounts. The City
contributed $107, 532 for 1981 to the Public Employees'
Retirement Plan for FICA.
Actuarial Valuations of Plan Benefits are as follows:
(Per PERA report of 6/30/81)
a. Minnesota Statutes, Section 356.215, Subd. 4,
provides that actuarial valuations of plan benefits
shall be computed in accordance with the entry
age normal cost (1eve1 normal cost) method. In
the calculation of normal cost and accrued liabilities
of the benefit plan, the actuary uses a 5 percent
interest rate assumption and assumes an annual
growth rate of 3 2 percent in member's salary.
-36-
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
ntinued
Note 6. Penston Plans and Pension Funds (co
b. The unfunded accrued li�abilities of $333, 797, 731
in the Public Employees' Retirement Fund and
$13, 038, 068 in the Police and Fire Fund as of
June 30, 1981, are the amounts by which 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 1
additional annual contribution which would be required
to retire the current unfunded accrued liability by
June 30, 2009.
PERA is a state-wide cantributory retirement
plan for which an individual City's portion of the
unfunded liability is not available because not city
is directly liable for any unfunded liability under
M innesota law
c. Pension benefits are feznded 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 Ernployees Retirement Fund
must participate in the Coordinated Plan. Current
contribution rates for the funds are as follows:
Unfunded
Additional
Employee Employer Employer
Public Employees Retirement Fund:
Basic Plan 8% 8% 2 2%
Coordinated Plan 4% 4% 1 z%
P o l i c e a n d F L r e F u n d 8% 1 2%
-3?-
�r�rou u�srvs sr �ovscs�
sviuc s�os.or:si tsnu�asi aasacuao:
asovus rora
LmpbM �n�DUUOn
Lmi!lepw OonviDuuon
C lnr�vo�nc L�oom�
iE t2R 02�k
sow 3�.e�.e av
A
A b� OS4 w
c a� �ew.
3Y YI�
t9 JD^E
f0�b OE�b jb E7�6' e7VE A
n
Y� 5R
B
Pl
B
lor iv�►e irro �oao ioei
iaoo
1.00o sosuc =�o3.oT::� unuxs�rs ataonaao■
asovs.�a rwra
�oo
�oo
�oo
g o
0
o g
o
o n a
s r
e s s
E
o
u�n ina iv�ro ioso iaei irn ias� isso :aso ioei
=aru.
u�sis
-38-
soues a�a sns rQSa
1IIii�t lIOLOTLiI LilS�Z11i!! ►ifOG�aO�
u=oa3. as�s�s st �ovae�s�
smalo7r oona+a+me
1 Laoto�M OdiatOuuon
C IA�wtmml I �G �94
�0�
�1 �9q
K TJ�► ia O6�►
s� osw
aa s�w
ss oew e
I b0 S64
fE I w
1
T
s
as :e•e �o Ye�
s D
io+►
1 i ia+e i�►o iqea i�ei
797LC f10LOTii! 12Tt1SfQIR �LOC11lSOf
sovcs ua ras svra
1�0
160
Ltb
100
73�
g g g� g �0--
8 8 8 8 8
i io a o
s �i,
8
w
ia�n ia►e irrv iaw� ioei iwn iv�e ioTV ioeb ioai
io'ras. vxtaxam
aaasn
t
-39-
C ity of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 6: Pension Plans and Pension Funds -(continued)
1
2. The City contributes to the Brooklyn Center Fire-
men's Relief A ssociation, an independently administered
r retirement plan for the City's volunteer firemen. The
benefits of this plan are established by the Minnesota
Legislature and the financing of the plan is provided for
by a state tax on fire insurance premiums and the City's
ad valorem tax. Acturial studies of retirement needs
are made periodically to determine the contributions to
the Association. According to a study dated December 31,
1980, the Association had an unfunded accrued liability
of $404, 597. In order to maintain the current level of
benefits, annual payments of $69, 904 are required to
pay current benefits and retire the unfunded liability in
20 years. Currently no ad valorem tax is necessary.
Note 7; Investment Trust
The Investment Trust was established in 1965 by
Council action to provide a uniform and consistent method of
investing temporary surpluses of cash. Net income of the Trust
is distributed annually to each of the participating funds on the
basis of the average yearly investment maintained by each fund.
The net income and the effective rate of return on average invest-
ment by participating funds is shown below by years.
Rate of Net
Year Return Income
1981 11. 05�J $1, 622, 451
1980 8. 87�/0 1, 156, 460
1979 8.45afo 978, 180
1978 66�fo ?66, 349
1977 7. 11°Jo 637, 855
1976 6. 86ajo 592, 363
1975 7. 15°�0 554, 696
1974 7. 66Qfo 503, 710
1973 6. 63% 391, 221
1956-1972 2. 77�fo-6. 66�fo 1, 728, 379
Total Distributed Earnings 1956 1981 $8, 931, 664
-4
0
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 3Z, 1981
Note 8; A gency Funds
The Brooklyn Center Housing and Redevelopment Authority
is a separate entity from the City. The City receives an ad
valorem tax which is remitted to the Authority.
Note 9; Interfund Receivables and Payables
Individual interfund receivable and payable balances at
December 31, 1981 were as follows:
Inter-Fund Inter-Fund
Fund Receivables Payables
General Fund 621, 914 125, 601
Federal Revenue Sharing Fund 371, 316
Diseased Tree Removal Fund 54 3, 785
Lawcon Fund 328, 157
Capital Projects Fund 564, 002 104, 902
Community Development Block Grant
Fund 241, 292
Municipal State Aid for Construction
Fund 189, 271 262, 892
Special Assessments Funds 401, 280 268, 449
Municipal Liquor Fund 120 2, 739
Public Utilities Fund 43, 344
Debt Service 24, 164
$1, 776, 641 $1, 776, 641
Note 10: Special Revenue Funds
Federal Revenue Sharing grants for the year ended Decem-
ber 31, 1981, by the entitlement period are as follows:
Entitlement Period/Quarter Amount
12 2, 3, 4 $154, 261
13 1 50, 414
Total 204 675
-41-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 11: Contingent Liabilities
The City participates in a number of federally assisted
grant programs, prineipal of which are the General Revenue
Sharing, Community Development Block Grant, Comprehensive
Employment Training Act, and Local Public Works programs.
These programs are subject to program compliance audits by
the grantors or their representatives. The audits of these pro-
grams for or including the year ended December 31, 1981 have
not yet been conducted. A ccordingly, the City's compliance with
applicable grant requirements will be established at some future
date. The amount, if any, of expenditures which may be dis-
allowed by the granting agencies cannot be determined at this time
although the City expects such amounts, if any, not to be material.
t Note 12; Changes in Fixed Assets
General Fixed Assets
Balance Balance
January 1, December 31,
1981 AcquisitLOns Disposals 1981
Land 568, 462 428, 025 996, 487
Buildings 3, 138, 680 611, 701 3, 750, 381
Park properties 2, 559, 301 94, 273 2, 653, 574
Furniture 356, 363 16, 235 372, 598
Departmental
equipment l, 972, 471 207, 981 31, 485 2, 148, 967
Storm sewers
and streets 10, 868, 360 1, 204, 108 12, 072, 468
Total General
Fixed Assets $19, 463, 637 $2, 562, 323 31, 485 $21, 994, 475
Utility Plant in Service
Balance Transfers Balance
January 1, and December 31,
1981 Additions Disposals 1981
Water Depart-
ment
1 Mains and lines $5, 738, 887 $155, 855 5, 894, 742
Structures 1, 339, 721 24, 024 1, 363, 745
Equipment 247, 891 20, 584 $134, 23? 134, 238
Land 24, 816 24, 816
Total Water
Department 7, 351, 315 $200, 463 $134, 237 417, 541
-42-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
1Vote 12; Changes in Fixed Assets -(continued)
Utility Plant in Service
Balance Transfers Balance
January 1, and December 31,
1981 Additions Disposals 1981
Sewer Depart-
ment
Mains and lines $4, 846, 358 23; 903 4, 870, 261
Structures 574, 360 144, 206 718, 566
Equipment 134, 237 134, 23? i
Land
Total Sewer
Department 5, 420, 718 $302, 346 5, 723, 064
C onstruction
in Progress 10, 096 77, 123 87, 219
Totals $12, 782, 129 $579, 932 $134, 237 $13, 227, 824
Liquor Fund Fixed Assets
Balance Balance
January 1, December 31,
1981 A dditions Disposals 1981
Land 5, 898 5, 898
Equipment 111, 524 23, 731 135, 255
Leasehold 28, 799 27, 398 56, 197
Totals 146, 221 51, 129 197, 350
Note 13: Schedule of Long-Term Debt to Maturity (Including Interest)
General Special
Obli.gation Assessments Revenue
Year Total Bonds Bonds Bonds
1982 941, 292 419, 100 463, 472 58, 720
1983 937, 055 450, 230 429, 665 57, 160
1984 1, 021, 119 448, 990 516, 529 55, 600
1985 772, 881 431, 565 282, 325 58, 991
1986 639, 130 428, 660 153, 185 57, 285
1987 611, 460 419, 585 136, 345 55, 530
1988 588, 525 419, 680 115, 070 53, 775
-43-
City of Brooklyn Center
NOTES TO FIlVANCIAL STATEMENTS
December 31, 1981
Note 13: Schedule of Long-Term Debt to Maturity (Including Interest)
{continued)
General Specia.l
Obligation Assessments Revenue
Year Total Bonds Bonds Bonds
c ont inue d)
1989 550, 145 408, 795 89, 330 52, 020
1990 372, 270 257, 175 64, 830 50, 265
1991 508, 575 398, 445 61, 620 48, 510
1992 381, 565 334, 810 46, 755
1993 321, ?80 321, 780
Totals $7, 645, ?97 $4, 738, 815 $2, 312, 371 594, 611
Note 14: Additional Segment Information
Public Municipal
Utilities Liquor
Fund Fund Total
Net working capital $2, 286, 033 163, 539 $2, 449, 572
Total equity 6, 487, 293 240, 874 6, ?28, 167
Current capital contri-
bution 57, 512 57, 512
-44-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
December 31, 1981
Note 15: Industrial Development Revenue (IDR) Bonds
Industrial Development Revenue Bonds are payable solely
from payments derived from a revenue agreement between the
C ity, as obligee, and a contracting party, as obligor, and are not
obligations of the issuing municipa.lity within the meaning of any
constitutional or statutory provision, do not give rise to any
pecuniary liability of the City or its officers, and are not a charge
against the City's general credit and/or taxing powers.
i The City of Brooklyn Center has issued the following
Industrial Development Revenue Bonds:
Company Year Issued Amount 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, 200, 000
S& S Real Estate (Swenson's Carraige
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 Cornpany 1982 2, 172, 150
The following Industrial Development Revenue Bonds have
been approved, but not yet issued:
Ryan Construction Co. (Byerly's) $10, 000, 000
Brookdale Cor orate enter 970, 000
P
C II
-45-
THE GENERAL FUND
The General Fund accounts for all revenues and expenditures of a govern-
mental unit which are not accounted for in other funds, and it is usually
the largest and most important accounting acitivity for state and locai
governments. It normally receives a greater variety and number of taxes and
other general revenues than any other fund. This fund has flowing into it
such revenues as general property taxes, licenses and permits, fines and
penalties, rents, charges for current services, state-shared taxes, and interest
earnings. The fund's resources alsu finance a wider range of activities than
any other fund. Most of the current operations of governmental units will
be financed from this fund.
City of Brooklyn Center Exhibit 7
General Fund
COMPARATIVE BALANCE SHEET
December 31, 1981 and 1980
1981 1980
A SSETS
Cash 42, 102 475
Temporary investments 1, 804, 784 2, 682, 686
Taxes receivable 200, ?71 114, 653
Accounts receivable 14, 14?
Less: Estimated uncollectible account 5, 652 8, 495 14, 077
Due from other funds 621, 914 88, 249
Due from other governments (less:
Reserve $8, 875 in 1981) 638, 182 74, 914
Inventory of supplies 61, 381 48, 578
Prepaid insurance 77, 352 4, 125
'z'otal Assets $3, 454, 981 $3, 027, 757
I LIABILITIES AND FUND BALANCE
Liabilities
Vouchers payable 100, 413 122, 616
Due to other funds 125, 601 133, 500
A ccrued salaries payable 101, 627 125, 614
Total Liabilities 327, 641 381, 730
Fund Balance
Reserve for encumbrances 4, 924 19, 171
Unreserved fund balance 3, 122, 416 2, 626, 856
Total Fund Balance $3, 127, 340 $2, 646, 027
Total Liabilities and Fund Balance $3, 454, 981 $3, 027, ?57
(See notes to financial statements)
This statement is an inte ral part of report dated May 26, 1982.
g
-46-
City of Brooklyn Center Exhibit 8
General Fund
STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCE
ACTUAL (GAAP BASIS) AND COMPARISON OF AUDGETARY BASIS TO BUDGET (NON-GAAP)
For the Year 1981 With 1980 Actual (GAAP F3asis) for Comparison of Actual
Year 1981
Adjustment to Audgetary Basis
Actual Budgetary Budgetar,y Over (Under) 1980 Actual
(GAAP Basis) Basis Basis Budget Budget (GAAP Basis)
Revenue
r1d valorem taxes $1, 655, 642 $1, 655, 642 $1, 670, 631 14, 989) $1, 593, 709
License and permits 207, 100 207, 100 190, 000 17, 100 195, 931
Inter-governmental revenue 2, 340, 201 2. 340, 201 2, 367, 253 27, 052) 2, 091, 433
Charges for services 728, 828 728, 828 612, 930 115, 898 451, 688
Court fines 111, 596 111, 596 92, 000 19, 596 111, 382
Miscellaneous 236, 931 236, 931 35, 865 201, O66 300, 338
Total Revenue $5, 280, 298 -0- $5, 280, 298 y4, 968, 679 $311, 619 �4, 744, 481
Expenditures
General government 910, 131 745 910, 876 967, 533 56, 657 839, 307
Public safety 1, 588, 149 1, 859 1, 590, 008 1, 691, 954 101, 946 1, 442, 619
Streets and highways 1, 176, 447 1, 511 1, 177, 958 1, 318, 810 140, 852 1, 103, 166
Community health services 39, 385 39, 385 43, 000 3, 615 37, 336
Parks and recreation 1, 162, 898 673 1, 163, 551 1, 276, 290 112, 739 917, 224
N Total Expenditures $4, 876, 990 4, 788 $4, 881, 778 $5, 297, 587 $415. 809 u4. 339, 652
i
Excess (Deficiency) of Revenue Over Expenditures 403, 308 4, 788) 3�J8, 520 328, 908) $727, 428 404, 829
Other Financing Sources (Uses)
Appropriated General F1and fund balance 92, 34'L 92, 342 92. 342 -0-
Operating transfers in 544, 965 544, 965 587, 070 42, 105) 434, 243
Insurance and other unallocated expenditures 197, 790) 136) 197, 926) 350, 504) 152, 578 241, 256)
Transfer to Capital Projects Fund 250, 000) 250, 000) (250, 0001 490, OOC)
Total Other Financing Sources (Uses) 97, 175 92, 206 189, 381 328, 908 g(139, 527) 297, 013)
Excess (Deficiency) of Revenues and Other Sources
Over Expenditures and Other (Uses) 500, 483 87, 41II 587, 901 -0- $587, 901 107, 816
Fund Balance at Beginning of Year 2, 646, 027 2, 646, 027 2, 646. 027 -0- 2, 75g, 631
Fund Balance appropriated to budget 92, 342) �2, 342) 92, 342) -0-
Decrease in reserve for encumbrances 19, 170) 4, 924 14, 246) -0- 14, 246) 220, 420)
Fund Balance at End of Year $3, 127, 340 -0- $3, 127, 340 $2, 553, 685 _$573, 655 $2, 646, 027
(See notes to financial staternents)
This statement is an integral part of re�ort dated Ma,y 26, 1982.
City of Brooklyn Center Exhibit 9
General Fund
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJECTIVE CLASSIFICATION
For the Year 1981 With Comparative Actual for the Year 1980
1981
A ctual Over 1980
A ctual Budget (Under) Budget A ctual
A d Valorem Taxes
Real estate taxes $1, 620, 631 $1, 620, 631 -0- $1, 527, 697
Penalties and interest 35, O11 50, 000 14, 989) 66, 012
Total A d Valorem
Taxes $1, 655, 642 $1, 670, 631 14, 989) $1, 593, 709
Licenses and Permits
Liquor and beer 66, 421 58, 600 7, 821 54, 110
Building permits 60, 311 51, 000 9, 311 45, 8 93
Mechanical permits 17, 121 22, 000 4, 879) 28, Q66
Electrical permits il, 660 11, OOD 660 14, 782
Food licenses 11, 377 11, 000 377 11, 223
Plumbing permits 8, 478 10, 000 1, 522) 8, 833
Rental dwelling licenses 8, 213 7, 200 1, 013 10, 681
Sewer and water permits 4, 200 2; 500 1, 700 2, 527
Dog licenses 4, 285 3, 500 785 3, 826
Swimming pool licenses 2, 869 2, 700 169 2, 773
Service station licenses 1, 540 1, 400 140 2, 159
Mechanical licenses 2, 251 2, 000 251 2, 715
Miscellaneous business
licenses 2, 382 1, 000 1, 382 2, 655
Garbage licenses 1, 290 1, 300 10) 1, 260
Vehicle dealer licenses 922 1, 000 78) 900
Cigarette licenses 728 1, 100 372) 1, 053
Sign permits 1, 218 5Q0 718 259
Taxicab licenses 50 500 450) 450
Bowling alley licenses 700 700 600
Lodge establishments 489 400 89 537
All other licenses and per-
mits 595 600 5) 629
Total Licenses and
Permits 207, 100 190, 000 17, 100 195, 931
Court Fines
Costs and fees 111, 596 92, ODO 19, 596 111, 382
Intergovernmental Revenue
Federal grants:
Civil defense 10, 063 15, 000 4, 937) 10, 149
Total Federal Grants 10, 063 15, 000 4, 93?) 10, I49
-48-
I
City of Brooklyn Center Exhibit 9
General Fund (continued)
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJECTIVE CLASSIFICATION
For the Year 1981 VVith Comparative Actual for the Year 1980
1981
A ctual Over 1980
Actual Budget (Under) Budget Actual
Intergovernmental Revenue
cont inued)
State grants:
Shade Tree Disease
Control 3, 785 27, 000 23, 215) 14, 560
Bureau of Criminal
A pprehens ion 181 181 570
Other grants 6, 256
Total State Grants 3, 966 27, 000 23, 034) 21, 386
State shared taxes:
Local government aid $1, 502, 899 $1, 501, 974 925 $1, 393, 909
Homestead credit aid 735, 216 ?35, 216 594, 509
Reduced assessment aid 11, 563 11, 563
Fixed machinery tax
replacement 926 1, 500 574) 1, 442
Police pension aid 75, 568 ?5, 000 568 70, 038
Total State Shared
Taxes $2, 326, 172 $2, 325, 253 919 $2, 059, 898
Total Intergovern-
mental Revenue $2, 340, 201 $2, 367, 253 27, 052) $2, 091, 433
Charges for Services
Inter-fund charges
administration:
Public Utility Fund 86, �96 88, Ofl0 1, 904) 80, 340
Other Funds 29, 360 30, 000 640) 25, 838
Engineering and Clerical:
Special Assessment
Fund and Public
Utility Fund 137, 441 40, 000 97, 441 45, 168
General government
charges 24, 431 17, 500 6, 931 26, 622
Public safety charges 8, 555 6, 120 2, 435 6, 735
Recreation fees 442, 640 429, 095 13, 545 371, 358
Other services 305 2, 215 1, 910) 255
Total Charges for
Services 728, 828 612, 930 $115, 898 556, 316
-49-
City of Brooklyn Center Exhibit 9
General Fund (continued)
STATEMENT OF REVENUE BUDGET AND ACTUAL
OBJECTIVE CLASSIFICATION
For the Year 1981 With Comparative Actual for the Year 1980
1981
A ctual Over 1980
A ctual Budget (Under) Budget A ctual
Miscellaneous Revenue
Rent 16, 350 9, 000 7, 350 17, 883
Interest earned on invest-
ments 185, 182 20, 000 165, 182 170, 799
Other 35, 399 6, 865 28, 534 7, 028
Tota1 Miscellaneous
Revenue 236, 931 35, 865 $201, 066 195, 710
Other Sources
Transfers from other
funds
Federal Revenue Shar-
ing Fund 371, 318 402, 070 30, 752� 256, ?22
Liquor Fund 125, 000 125, 000 125, 000
Fire Relief A ssooiation
Fund 48, 647 60, 000 11, 353) 52, 521
Total Other Sources 544, 965 587, 070 42, 105) 434, 243
Total Revenue and Other
Sources $5, 825, 263 $5, 555, �49 $269, 514 $5, 178, 724
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
-50-
City of Brooklyn Center Exhibit 10
General Fund
STATEMENT OF BUDGETARY- BASIS EXPENDITURES AND BUDGET
CLASSIFIED AS TO ACTIVITY CHARACTER AND OBJECT
For the Year Ended December 31, 1981 With ('omparative Expenditures for S'ear 1980
1 9 8 1 1981 Expenditures Encumbrances Classified by Character Object 1980
Expenditures Over (Under) Personal Contracted Capital Expenditures B
Encumbrances Bud�et Budget Services Services Commodities Other Outlays Encumbrsnces
General Government
Mayor a�d council 59, 325 S4, 901 5, 576 18, 024 41, 301 42, 174
Charter commission 670 1, 500 830 138 532 198
Administrative office 202, 391 230, 732 28, 341 153, 197 17, 557 1, 275 362 176, 716
Elections and voter registration 8, 387 9, 268 881 4, 634 3, 753 12, 443
A ssessor's ofFice 116, 157 120, 482 4, 325 108, 364 4, 591 1, 741 1, 461 104, 763
Accounting and internal audit I63, 660 270, 792 7, 132 162, 091 114 382 1, 073 147, 362
Independent audit 19, 470 19, 470 19, 470 18, 514
Legal 71, 387 72, 450 i, OE3 70, 098 1, 027 262 100, 995
General government buildings 269. 429 277, 938 8, 5C9 138, 615 63, 209 21, 549 46, 056 237, 146
Total General Government 910. 876 967, 533 56, 657 615, 063 220, 093 24, 849 1, 919 48, 952 840, 311
Public Safety �I
Police protection $1, 244, 603 $1, 308, 141 63, 538 $1, 127, 349 11, 384 14, 152 43, 128 48. 590 $1, 070, 520
Fire protection 164, 188 183, 207 19, 019 111, 197 6, 514 9, 444 8, 229 28, 804 197; 241
Protective inspection 142, 809 149, 610 6, 801 136, 009 5, 018 612 470 700 140, 267 I
Emergency preparedness 28, 056 36, 99B 8, 940 23, 992 3, 228 54 30 752 27, 584
Animal control 10, 352 14, 000 3, 648 10, 352 10, 520
Total Public Safety $1, 590, 008 $1, 691, 954 101, 946 $1, 398, 547 36, 496 24, 262 51, 857 78, 846 $1, 446, 132
Public Works
Engineering department 265, 240 302, 297 37, 057 242, 101 g 1, 115 3, 930 563 17, 531 276, 884
Street department 522, 380 590, 676 68, 296 315, 871 69 136, 888 39 69, 513 481, 570
Maintenance shop 271, 541 305, 787 34, 246 96, 424 27, 432 145, 703 1, 982 246, 346
Street, lights, traffic signals and
weed control 118, 797 120, 050 i, 253 118, 665 132 98, 534
Total Public Works $1, 177, 958 $1, 318, 810 140, 852 654, 396 147, 281 286, 653 60Z 89, 026 $1, 103, 334
Community Health Services
Health regtalation 23, 385 27, 000 3, 615 23, 385 4 30,895
Detached worker program 16, 000 16, 000 16, 000 12, 826
Total Community Health Services 39, 385 43, p00 3, 615 g 39, 385 g -0- -p -0- -0- 43, 521
�i
City of Brooklyn Center Exhibit 10
General Fund (continued)
STATEMENT OF BUDGETARY BASI5 EXPENDITURES AND BUDGET
CLASSIFIED AS TO ACTIVITY CHARACTER AND OBJECT
For the Year Ended December 31, 1981 With Comparative Expenditures for Year 1980
1 9 8 1 1981 Expenditures Encumbrances Classified by Character Object 1980
Expenditures Over (Under) Personal Contracted Capital Expenditures 8
Encumbrances Budget Budget Services Services Commodities Other Outlays Encumbrances
Parks and Recreation
Supervision and recreation 153, 545 169, 909 i6, 364) 135, 109 13, 452 2. 975 507 1, 502 145, 448
Adult programs 92, 296 95, 305 3, 009) 3, 454 68, 884 19, 958 89, 755
Teen programs 4, 516 5, 960 1, 444) 2. 792 1, 513 211 6, 696
Children programs 46, 270 51, 035 4, 765) 19, 559 19, 475 7. 236 47, 467
General programs 61, 884 63, 705 1, 821) 29, 954 29, 060 2. 870 48, 207
Community center 373, 200 388, 945 15, 749! 151, 381 71, 302 28, 151 28. 489 93, 877 282, 383
Park maintenance and improvements 431, 840 501, 431 69, 591) 271, 168 26, 139 41, 411 5, 649 87, 473 3C5, 356
Total Parks and Recreation $1, 163, 551 $1, 276, 290 112, 739) 613, 417 229, 825 102, 812 34, 645 182, 852 925. 312
Sub-total $4, 881, 778 $5, 297, 587 415, 809) $3, 320, 808 633, 695 438, 576 89, 023 399, 676 $4, 358, 610
Miscellaneous
Expenditures not allocated to depart-
ments 197, 926 350, 504 152, 5 r8) 48, 455 102, 353 18, 194 18, 463 c 10, 461 241, 469
Total Miscellaneous 197, 926 350, 504 152, 578) 48, 455 102, 353 18, 194 18, 463 10, 461 241, 469
Tota $5, 079, 704 $5, 648, 091 568, 387) $3, 369, 263 736, 048 456, 770 Q 107, 486 410, 137 g4, 600, 079
N
1
(See notes to financial statements)
This statement is an integral part of report dated May 'L6, 1982.
I I
SPECIAL REVENUE FUNDS
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for revenues derived from
specific taxes or other earmarked revenue sources. They are usually re-
quired by statute, charter provision, or local ordinance to finance parti-
cular functions or activities of government.
u
u
u
0
u
c
u
City of Brooklyn Center Exhibit 11
Special Revenue Funds
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for Decernber 31, 198Q
Public
Federal Anti-Recession Employees Diseased
Revenue Sharing Fiscal Aid Retirement Tree Removal Totals
Fund Fund Fund Fund 1981 1980
ASSETS
Temporary investments $688, 244 2, 024 $498, 963 9, 357) $1, 179, 874 905, 417
Accounts receivable 3, 523 3, 523 2. 149
Accrued interest 2.083 2. 083 2, 631
Taxes receivable:
Special assessments 7, 949 7, 949 7, 695
Ad Valorem 3, 235 161 3, 396 4, 429
Due from other funds 54 54 5,670
Due from other governments 50, 414 7, 063 57, 477 57, 990
Total Assets $738, 658 2, 024 $504, 281 9, 393 $1, 254, 356 985, 981
LIABILITIES AND FUND BALANCE
Liabilities
Vouchers payable 13
Contraets payable 11, 118
Due to otherfunds $371,316 3,785 375,101 35,342
Total Liabilities $371, 316 -0- -0- 3, 785 375, 101 46, 473
Fund Balances
Reserved for future contributions $504, 281 504, 281 182, 268
Unreserved $367,342 2,024 5,608 374,974 757,240
Total Fund Balances $367, 342 2, 024 $504, 281 5, 608 879, 255 939, 508
Tota1 Liabilities and Fund Balance $738, 658 2, 024 $504, 281 9, 393 $1, 254, 356 985, 981
I
(See notes to financial statements)
This statement is an integral part of report dated Ma,y 26, 198'L.
City of Brooklyn Center Exhibit 12
Special Revenue Funds
COMBIlVING STATEMENT OF REVENUES, EXPENDITITRES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1981 With Comparative Total For Year 1980
Public
Federal Anti-Recession Emplo,yees Diseased
Revenue Sharing Fiscal Aid Retirement Tree Removal Totals
Fund Fund Fund Fund 1981 1980
Intergovernmental Revenue
Federal grants:
Federal Revenue Sharing $204,675 204,675 214,579
State grants:
Department of Agriculture 7, 063 7, 063 31, 734
Total Intergovernmental Revenue $204, 675 -0- -0- 7, 063 211, 738 246, 313
Charges for Services
Diseased tree removal fees 23, 238 23, 238 17, 494
Administrative charges 1, 860 1, 860 1, 550
Total Charges for Services $"l5, 098 25, 098 19, 044
Miscellaneous Revenue
Interest on investments 62,592 201 45,391 648 108,832 84,818
Special assessments ordered 3,222 3,222 6,279
Refunds 7, 244 7, 244
Total Miscellaneous Revenue 62, 592 201 52, 635 3, 870 119, 298 91, 097
Total Revenue $267,267 201 52,635 36,031 356,134 356,454
Expenditures
Contracted services 91 39, 664 39, 755 36, 250
Refunds 32 32 13, 970
Other 53 744 797 222
Total Expenditures 53 835 39, 696 40, 584 50, 442
Excess (Deficit) of Revenue Over Expenditures $267, 214 201 51, 800 3, 665) 315, 550 306, 012
Other Financing Sources (Uses)
Transfers to General Fund (371,318) 4,485) 375,803) 256,7211
Excess (Deficit) of Revenues Over Expenditures and Other Uses $(104, lA4) 201 51, 800 8, 150) 60, 253) 49, 291
Fund Balances, Januar,y 1 471, 446 1, $23 452, 481 13, 758 �39, 508 890, 217
Fund Balances December 31 $367, 342 2, 024 $504, 281 5, 608 879, 255 939, 508
Reserved for Future Contributions $504,281 504,281 634,749
Unreserved $367,342 2,024 5,608 374,�J74 304,75P
(See notes to financial statem ents)
This statement is an integral part of report dated Ma,y 'l6, 1�82.
DEBT SERVICE FUNDS
DEBT SERVICE FUNDS
Debt Service Funds are created to account for the payment 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 a
governmental enterprise.
City of Brooklyn Center Exhibit 13
DebtService Funds
i COMBiNING BILANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
State Aid Improvement Park Bonds
i Park Library Street Building of Totals
Bonds Bonds Bonds Bonds 1980 1981 1980
ASSETS
Temporary investments $125, 085 78, 929 23, 784 $192, 846 47, 961 $468, 605 $388, 563
Taxes recetvable 1, 008 20, 754 7, 798 29, 560 15, 165
I
Due from other governments 18, 878 15, 222 34, 100
Total Assets $126, 093 78,929 23, 784 $232, 478 70, 981 $532, 265 $403, 728 I
LIABILITIES AND FUND BALANCE
Due to other funds 380 23, ?84 24, 164
Fund Balance $126, 093 78, 549 $232, 478 70, 981 508, 101 $403, 728
Total Liabilities and Fund Balances $126, 093 78, 929 23, 784 $232, 478 70, 981_ $532, 265 $403, 728 I 'I
i
I
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
I
City of Brooklyn Center Exhibit 14
Debt Service Funds
COMBINING STATEMENT OF RP'VENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
Year Ended December 31, 1981
With Comparative Totals For Year Ended December 31, 1980
State Aid Improcement Park Bonds
Park Library Street Building of Totals
Bonds Bonds Ronds Bonds I980 I98I 1980
Revenues
General property taxes $209,600 $169,010 $378,610 $228,755
Interest on investments 13, 333 8, 952 22, 838 45, 123 40, 324
Total Revenue 13,333 8,952 0 $232,438 $169,010 $423,733 $269,079
Expenditures
Principal payments 10, 000 55, 000 $120, 000 $185, 000
$195, 000
Interest paid 1,900 41,108 79,625 $104,152 226,785 134,211
Fiscalagentfees 22 67 235 45 369 517 I
Other 607 607 2,411
Total Expenditures -0- 11,922 96,175 $199,860
$104,804 $412,761 $332,139
Excess ;Deficit) of Revenues Over Expenditures 13, 333 2, 970) 96, 175) 32, 578 64, 206 10, 972 63, O60)
m
Other Financing Sources (IIses)
Permanent transfer from Municipal State A id �und 93, 401 93, 401 103, 317
Excess (Deficit) of Revenue and Other Sources Over Expenditures
A nd Other Uses 13,333 2,970) 2,774) 32,578 64,206 $104,373 40,257
Fund galance, January 1 112,760 81,519 2,774 199,�00 6,775 403,728 363,471
Fund galarice, December 31 $126, 093 78, 549 -0- $232, 478 g 70, 981
$508,101 �403,728
(See hotes to financial statements)
This statement is an integral part of report dated May 36, 1082.
CAPITAL PROJECTS FUNOS
CAPITAL PROJECTS FUNDS
Captial Projects Funds are created to account for all resources used for the
acquisition of capital facilities by a governmental unit except those �nan-
ced by special assessment and enterprise funds.
City of Brooklyn Center Exhibit 15
Capital Projects Funds
COMSINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
Open-Space Capital Community Municipal
Lawcon Acquisifion Projects Development State Aid for Totals
Fund Fund P'und T31ock Grant Construction 1981 1980
A SSE TS
Temporary investments 55, 77] 2, 336 $1, 354, 339 1, 491 $2, 083, 340 $3, 497, 277 $3, 379, '�78
Due from other funds 564, 002 189, 271 753, 273 1, 088, 566
Due from other governments 328, 157 658, 406 415, 240 1, 401, 803 816, 774
Total Assets $383, 928 2, 336 $1, 918, 341 $659, 897 $2, 687, 851 $5, 652, 353 $5, 285, 118
LIABILITIES AND FUND BALANCE
L iab il it ie s
Accounts payable 108 5, 052 5, 160 60, 018
Contracts payable 184. 656 4, 597 189, 253 526, 800
Due to other funds $328, 157 104, 902 241. 292 262, 892 937, 243 1, 178. 926 I
Due to other governments 43, 790 91, 996 135, 786 48, 233
Total Liabilities $328, 157 -0- 289. 666 $290, 134 359, 485 $1, 267, 442 $1, 813, 977 l i l
Fund Balance
Unexpended appropriations �1, 074, 127 59, 773 176 $1, 134, 076 810, 840
Balance restricted to State-approved projects 309,990 1,183,518 1,493,508 1,283,864 j
Unreserved balances 55, 771 2, 336 554, 548 i, 144, 672 1, 757, 327 1, 376, 437
Total Fund Balance 55, 771 $'l, 336 $1, 628, 675 $36�J, 763 ¢2, 328. 366 $4, 384, 911 $3, 471, 141
Total Liabilities and Fund Baiances $383, 928 2, 336 $1, 918, 341 $659, 897 $2, 687, 851 $5, 652, 353 $5, 285, 118
(See notes to financial statements)
This statement is an integral part of report dated Ma,y 26, 1�82.
City of iirooklyn Center Exhibit 16
Capit��i Projects Funds
COMBINING STATEMENT OF REVrNUES, EXPENDITURES AND CHANGES IN FUND BALANCE
Year Ended December 31, 1981
With Comparative Totals for Year Ended December 31, 1980
Open-Space Capital Community Municipal
Lawcon Acquisition Projects Development State Aid for Totals
Fund Fund I%und Rlock Grant Constr�ction 1981 1980
Revenues
Intergovernmental:
Federal gran[s 42, 500 $675, 174 21, 356 739, 030 366, 028
State shax'ed gasoline taxes 399, 714 399, 714 388, 211
State grants 34,000 34,000 234,135
interest on investments 35, 280 232 107, 841 1, 378 218, 239 362, 968 244, 736
Other 53, 790 7, 360 61, 150
Total Revenues $111,780 232 g 1fi1,631 $676,550 646,669 �1.596,862 $1,233,110
Expenditures
Personal services 8. 565 .P, 8, 565 Q 74, 366
Commodities 66. 076
Contracted services 5, 172 5, 172 612, 901
Capital outlays g 124, 835 688, 365 1, 113, 200 2. 456, 201
Total Expenditures -0- -0- g 424, 835 13, 737 688, 365 $1. 126, 937 $3, 209, 544
ci� Excess of Revenues Over (Under) Expenditures $111, 780 232 �(263, 204) $662, 813 41, 696) 469, 925 $(1, 976, 434)
m
Other Financing Sources (Uaes)
Transfer out State Aid Bonds Debt Service S( 55, 000) 55, 000) 76, 4671
Transfers to Capital Projects 76, 500) 76. 500
Transfers out Community Development Fund 221, 000 $(2'll, 000)
Transfer in from other funds 250, 000 247, 345 497, 345 490, 000
Sale of Bonds 1, 500, 000
Sale of assets 11II, 000 118, 000 67, 100
Unexpended appropriations transferred to other funds 116, 500) I16, 5001 523, 4291
Total Other Financing $ources (Uses) 76, 500) -0- g 665, 500 $(337, 500) F 192, 345 443, 845 �1, 457, 204
Excess of Revenues Over (Under) Expenditures and Other Ftnancing
Sources (Uses) 35,280 232 402,296 $3`15,313 150,649 913,770 519,230)
Fund Balance, January 1 '20,491 2,104 1,226,379 44,450 2,177,717 3,471,141 3,990,371
Fund Balance, December 31 55,771 2,336 �1,628,675 Q369,763 �'�,328,366 �4,384,911 $3,471,141
(See notes to financial statements)
This statement is an integral part of report dated M:�y 26, 1982.
I r
r tw
City of Brooklyn Center Schedule S-1
Capital Projects Fund
PROJECT- LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
From Beginning to December 31, 1981
i Sources of Fundin�
Community
Project Bond Lawcon Development Appropriated
Project Authorization Proceeds Grants Grants Fund Balance Other Total Expenditures
General 18, 250
Central Park Garden City 85, 000 8, 500 76. 500 85, 000 37, 766
Civic Center Building access 20, 000 20, 000 20, 000 7, 837
Palmer Lake Basin 102, 500 102, 500 102, 500 6, 250
Park Bonding costs 17, 838 17, 838 17. 838 17, 679
Garage service entry 4, 960 4, 960 4. 960 8, 824
Central Park 468,552 383,552 85,000 468,552 49,772
Improvement project 97, 100 97, 100 97, 100 168, 630
Sidewalk curb cuts 12, 000 12, 000 12, 000 6, 828
Solar demonstration 40, 000 40, 000 40, 000
Traffic signal 110, 377 110, 377 110, 377 113, 103
Police Department communications 225, 000 225, 000 225, 000
A rboretum 169, 635 169, 635 169, 635 168, 598
CEA P services 144, 000 144, 000 144, 000 144, 000
ci� C ity hall elevator 65, 000 65, 000 65, 000 52, 674
Garden City shelter 59, 000 24, 000 35, 000 59, 000 59, 090
Neighborhood parks 992,560 730,560 237,000 25,000 992,560 755,787
Shingle Creek Trailway II 193, 700 300 177, 210 16, 190 193, 700 153, 800
Central Park II 281,257 75,000 143,442 40,000 22,815 281,257 279,294
Brookland shelter building 43, 000 43, 000 43, 000 42, 543
Salt storage building 58, 000 58, 000 58, 000 71, 643
Shingle Creek relocation 31, 000 31, 000 31, 000 30, 974
Shingle Creek Trailway I 313, 124 129, 510 183, 614 313, 124 271, 113
Central Park I 240, 000 150, 000 90, 000 240, 000 235, 020
$1,487,885 $676,662 $414,000 $952,57� $242,477 $3,773,603 �2,699,475
Total A ppropriations $3, 773, 603
Less: Expenditures 2, 699, 475
L?nexpended Appropriations $1,07 128
City of Brooklyn Center Schedule S-2
Municipal State A id Construction Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTIOI�T PROJECTS
From l�eginning to Decemb�r 31, 1981
Project
Number Appropriation Expenditures
Traffic signals T. H. 152 589-29 4, 372
Tra.ffic signals T. H. #152 592-71 15, 981 12, 689
Pedestrian bicycle bridge over
T.H. 100 77-10 350, 024 370, 651
Channelize intersection T. H. #152
65th Avenue North 600-97 3, 038 2, 916
Pedestrian birdge over T. H. 100-
Design 80-06 26, 311 14, 573
Traffic light T, H. 100 65th
Avenue North 600-42 41, 870 42, 167
Traffic light T. H. 100
France Avenue 598-78 4, 823 4, 514
Pedestrian 69th Avenue North 81-130 12, ?72 11, 506
Totals $459, 191 $459, O16
Total Appropriations $459, 191
Less: Expenditures 459, O16
Unexpended A pproprations 175
-60-
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds are employed to finance and account for the
construction and financing of certain public improvements such as resident-
ial streets, sidewalks, or storm sewers or the provision of services which are
to be paid for wholly or in part from special assessments levied against
benefited property. The fact that special assessment improvements are paid
for completely or in part by property owners in a limited geographical area
deemed to be specially benefited distinguishes them from irtiprovements
which benefit the entire community and which are paid for out of general
revenues or through the issuance of general obligation bonds.
City of Brooklyn Center
Special A ssessment Funds
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
Bond #1 1955A 1956AC 1956B 1957AB 1958A 1958B 1959AB
ASSETS
Temporary investments 2, 835 96, 644 $189, 423 20, 062 48, 568 �145, 058 $121, 999 45, 552
A ccounts receivable i
Special assessments receivable:
Delinquent 235
Deferred 1, 065 5, 873
Tax forfeit land 74
C ity share of improvements
Due from other funds
Due from other governments 497
Bond discounts
Authorization to assess for construction in progress
Total A ssets 2, 909 96, 644 $189, 423 20, 062 48, 568 $145, 058 $123, 064 52, 157
LIABILITIES AND FUND BALANCES
Liabilities
A ccounts payable
C ontracts payable
Due to other funds
Construction loans payable
A ccrued interest payable
Bonds payable
Performance deposits
Total Liabilities -0- -0- -0- -0- -0- -0- -0- -0-
Fund Balances
Debt Service 2, 909 96, 644 $189, 423 20, 062 48, 568 145, 058
Unexpended appropriations $123, 064 52, 157
Total Fund Balance 2, 909 96, 644 $189, 423 20, 062 48, 568 $145, 058 $123, 064 52, 157
Total Liabilities and Fund Balance 2, 909 96, 644 $189, 423 20, 062 48, 568 $145, 058 $123, 064 52, 157
(See notes to financial statements)
This statement is an .integral part of report dated May 26, 1982.
-61-
Exhibit 17
Construction Totals
1960AB 1961AB 1963A 1965A 1966A 1969A 1970 1973 1976 Fund 1981 1980
$300, 475 �427, 446 $342, 616 98, 136 $141, 353 93, 332 $448, 441 $199, 695 $471, 023 $3, 192, 65� $2, 904, 603
13, 651 13, 651 32, 987
4, 664 1, 315 758 472 2, 704 1, 676 54, 775 20, 692 44, 463 20, 305 152, 059 189, 808
8, 512 5, 790 20, 498 22, 197 60, 313 103, 946 376, 927 181, 197 440, 414 2, 691, 389 3, 918, 121 l, 735, 195
158 402 ?32 1, 366 2, 843
25, 693 61, 848 27, 256 63, 961 178, 758 159, 092
380 400, 900 401, 280 223, 163
290 652 1, 439 46, 475
12, 314 2, 447 14, 761 15, 191
6, 251 6, 251 1, 546, 860
$314, 099 $435, 605 $363, 872 $121, 185 $204, 370 $198, 954 $918, 150 $466, 611 $983, 156 $3, 196, 457 $7, 880, 344 $6, 856, 217
24, 743
32, 682 32, 682 245, 228
268, 449 268, 449 109, 200
$126, 000 2, 383, 642 2, 509, 642 1, 929, 423
51, 506 244, 283 295, 789 152, 814
40, 000 55, 000 40, 000 $120, 000 $155, 000 $580, 000 $285, 000 660, 000 1, 935, 000 2, 325, 000
12, 200 12, 200
-0- 40, D00 55, 000 40, 000 $120, 000 $155, 000 $580, 000 $285, 000 $837, 506 $2, 941, 256 $5, 053, 762 $4, 786, 408
$314, 099 $395, 605 $308, 872 81, 185 84, 370 43, 954 $338, 150 $181, 611 $145, 650 64, 158 $2, 635, 539 $2, 291, 377
$314, 099 191, 043 191, 043 221, 568)
$395, 605 $308, 872 81, 185 84, 370 43, 954 $338, 150 $181, 611 $145, 650 255, 201 $2, 826, 582 $2, 069, 809
$314, 099 $435, 605 $363, 872 $121, 185 $204, 370 $198, 954 $918, 150 $466, 611 $983, 156 $3, 196, 457 $7, 880, 344 $6, 856, 217
f -62-
City oF Brooklyn Center Exhibit 18
Special Assessment Funds
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND RALANCES
Year Ended December 31, i981
Excess of 1981
Revenues Expenditures Revenues Fund Fund
Interest On Interest On Bond Paying Over (Under) Balance Balance
Fund Total AssessmentsInvestments Other Total Interest Agent Fees Other Expenditures January 1 December 31
sona Fu�a #i 2az zsz g 28z g z, s27 z, sos
1955 A 9, 265 9, 265 9, 265 87, 379 96, 644
1956 AC 18, 846 18, 846 18, 846 170, 577 189, 423
1956 B 1, 994 1, 994 1, 994 18, 068 20, 062
1957 AB 5, 005 5, 005 5, 005 43, 563 48, 568
1958 A 14, 588 14, 588 14, 588 130, 470 145, 058
1958 B 12,455 117 12,338 12,455 110,609 123,064
1959 AB 4, 679 383 4, 296 4, 679 47, 478 52, 157
1960 AB 30, 461 635 29, 826 30, 461 283, 638 314, 099
1961 AB 48, 019 1, 152 46, 867 3, 520 3, 345 175 44, 499 351, 106 395, 605
1963 A 37, 243 1, 680 35, 563 2, 750 2, 700 50 34, 493 274, 379 308, 872
1965 A 11, 668 1, 455 10, 213 1, 542 1, 520 22 10, 126 71, 059 81, 185
rn 1966A 20,461 3,796 16,665 7,150 7,100 50 13,311 71,059 84,370
W 1969 A 18, 620 7, 877 10, 743 11, 758 11, 700 58 6, 862 37, 092 43, 954
1970 88,363 39,883 48,480 45,529 45,433 96 42,834 295,316 338,150
1973 38, 037 16, 704 21, 333 16, 6ll 16, 144 37 430 21, 426 160, 185 181, 611
1976 79,716 39,885 39,831 38,555 35,112 66 3,377 41,161 104,489 145,650
Construction
(Schedule S-1) 4,A76, 356 18, 604 $4, 057, 752 3, 631, 870 3, 631, 870 444, 486 189, 285) 255, 201
Totals 1981 $4, 516, 058 $132, 171 $326, 135 $4, 057, 752 $3, 759, 285 $123, 054 554 $3, 635, 677 $756, 773 $2, 0 809 $2, 826, 582
Totals 1980 $1, 214, 252 $163, 581 $248, 818 801, 853 $2, 113, 611 $141. 553 896 $1, 971, 162 $(899, 359) $2, 969, 168 $2, 069, 809
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
I
I
I
City of Brooklyn Center Schedule S-3
Special A ssessments Fund
PROJECT-LENGTH SCHEDULE OF CONSTRUCTION PROJECTS
Beginning of Projects to December 31, 1981
Sources
A pproved
Project A ppro- Source
Number priated lYot Stated Total Expenditures
Curb and gutter 78-02 7, 500 2, 529 10, 029 10, 029
Storm sewer 79-02 112, 151 19, 800 131, 951 131, 951
Street improvements 81-02 137, 551 26, O60 163, 611 163, 611
Water main improve-
ment 81-05 36, 566 36, 566 31, 595
Sanitary sewer 81-06 24, 951 24, 951 21, 904
Storm sewer 81-0? 38, 364 38, 364 35, 627
Street improvements 81-08 239, 784 239, 784 226, 296
Street improvements 81-17 36, 128 36, 128 30, 539
Street improvements 81-18 82, 188 82, 188 81, 387
S idewalk 81-19 9, 124 9, 124 9, 124
Storm sewer 81-20 18, 708 18, 708 18, 535
Street improvements 80-01 58, 400 58, 400
Street reconstruction 81-03 610 610 610
Street reconstruction 81-10 410 410 410
Unallocated 151, 246) (151, 246) (151, 246)
$801, 415 (101, 837) 699, 578 610 372
O en Pro'ects
P J
Appropriations $801, 415
Expenditures 610, 372
Unexpended Appropriations $191, 043
-64-
City of Brooklyn Center Schedule S-4
Construction Fund Revenue and Expenditures
Year Ended December 31, 1981
Revenues
Debt Service:
Interest on assessments 18, 604
Other 13, 271
Total Debt Service 31, 875
Construction;
Assessments levied $2, 595, 907
Reimbursements:
Other cities
Developers 73, 670
I� Other l, 196, 902
$3, 866, 479
Other Sources:
Transfers from other funds 178, 002
Total Construction $4, 044, 481
T otal evenu
R e $4, 076, 356
Expenditures
Streets 771, 163
Storm sewers 317, 091
Sanitary sewers 21, 904
Water assets 35, 608
Bridges 115, 854
Unallocated 244, 143)
Total Expenditures $1, 017, 477
Other Uses
Charges against authorization to assess $2, 614, 393
Total Expenditures and Other Uses $3, 631, 870
Increases in Fund Balance 444, 486
-65-
C ity of Brooklyn Center Schedule S-4
Special Assessments Funds (Continued)
COMPARATIVE STATEMENT OF CONSTRUCTION AP�ROPRIATIONS
AND EXPENDITURES
For the year Ended December 31, 1981
i
Debt Unexpended
Service A ppropriations Total
Unexpended appropriations
January 1, 1981 32, 283 221, 568) 189, 285)
A ppropriations during the year 3, 674, 412 3, 674, 412
Appropriations closed during
the year 2, 651, 429) 2, 651, 429)
Revenues 31, 875 31, 875
A ppropriations Balance
December 31, 1981 64, 158 801, 415 865, 573
Construction expenditures
January 1, 1981 $3, 087, 640 $3, 087, 640
Expenditures during the year 1, 017, 477 1, 017, 477
Projects closed during the year 3, 494, 745) 3, 494, 745)
Construction expenditures
December 31, 1981 610, 372 610, 372
Unex ended A ropriation for
P PP
Construction 64, 158 191, 043 255, 201
i
-65. 1-
i
ENTERPRISE FUNDS
Enterprise funds are established to account for the financing of self-sup-
porting activities of governmental units which render services on a user
charge basis to the general public. The most universal type of government
enterprise is the public utility engaged in the provision of such basic serv-
ices as water, electricity, and natural gas. Sanitary sewer systems financed
by user charges have also assumed the status of public utility operations
in many urban areas, and many cities have combined water and sewer
systems undei the same management. Another type of government enter-
prise in Minnesota is the Municipal Liquor operation.
City of Brooklyn Center Exhibit i9
Enterprise Funds
COMBINING BALANCE SHEET
December 31, 1981
W ith Comparative Totals for December 31, 1980
Municipal Public Municipal Public
Liquor Utilities Totals Liquor Utilities Totals
Fund Fund 1981 1980 Fund Fund 1981 1980
ASSETS LIABILITIES, CONTRIBUTIONS
AND RETAINED EARNINGS
Current Assets Current Liabilities
Cash on hand 3, 900 3, 900 3, 900 Accounts payable $106, O66 7, 674 113, 740 157, 230
Tempoaray investments 6, 742 2, 111, 289 2, 118. 031 1, 673, 454 Contracts payable 185, 316 185, 316
Accounts receivable 7. 226 104, 249 111, 475 108, 795 Due to other funds 2, 739 43, 344 46, 083 1, 182
Less: Allowance for estimated Due to other governments 18, 513 18, 513
uncollectible 1, 042) 4, 548) 5, 590) 4, 151) Accrued liabilities 16, 570 3, O61 19, 631 26, 233
A ssessments receivable 3, 859 3, 859 10, 125 Current portion of long-term
Due from other funds 120 120 966 debt 40, 000 40, 000 4Q 000
Due from other governments 83, 565 83, 565 51, 359
Inventories: Total Current Liabilities $125, 375 297, 908 423, 283 224, 645
4 790 17 470
Materials and supplies 14, 790 1,
Merchandise for resale 254, 194 254, 194 261, 185 Long-Term Liab[litiea
Prepaid expenses: Revenue bonds 480,000 480,000 520,000
M. W. C. C. charges 60, 371 60, 371 46, 462 Less: Current portion 40, 000 40, 000 40, 000
Rent 3, 032
m
Insurance 14, 952 14. 952 32 Total Long-Term Liabilities -0- 440, 000 440, 000 480, 000
Maintenance 2, 822 2. 822 2, 554
Accrued water sewer revenue 210, 366 210, 366 144, 375 Contributions Toward Construction
Special assessme�ts and
Total Current Asaets $288, 914 2, 583, 941 2, 872. 855 2, 319, 558 developers $10, 158, 862 $10, 158, 862 $10, 101, 350
i
Restricted Assets Total Contributions -0- $10, 158, 862 $10, 158, 862 $10, 101, 350
Temporary investments 4, 000, 000 4, 090, 000 3, 777, 213
Due from other governments DeFerred Credits
M. W. C. C. 237, 376 237, 376 246, 242 Gain on sale of assets 62, 412 62, 412 65, 697
Debt Retirement account 135, 280 135, 280 131, 485 Metro Waste Control Commission
Assessments receivable-deferred 141, 736 141, 736 111, 128 237, 376 237, 376 246, 242
Construction Funds invested 92, 139 92. 139 82, 982
Total Deferred Credits -0- 299, 788 299, 788 311, 939
Total Restricted Assets -0- 4, 606, 531 4, 606, 531 4, 349, 050
City of Brooklyn Center Exhibit 19
Enterprise Funds (continued)
COMBINING BALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
Municipal Yublic Municipal Public
Liquor Utilities Totals Liquor Utilities Totals
Fund Fund 1981 1980 Fund Fund 1981 1980
ASSETS LIABILITIES, CONTRIBUTIONS
AND RETAINED EARNINGS
Fixed Assets Retained Earnin�s
Mains and lines $10, 765, 003 $10, 765, 003 $10, 562, 673 Reserved:
Structures 2, 082, 311 2, 082, 311 1, 914, 081 Debt retirement 135, 280 135, 280 131, 485
Equipment $135, 255 268, 475 403, 730 381, 987 Construction Funds 92, 139 92, 139 82, 982
Land 24, 816 24, 816 24, 816 Working capital 620, 000 620, 000 20, 000
Land improvements 5, 898 5, 898 5, 898 Appropriations and deferred
Leasehold improvements 56, 197 56, 197 28, 799 assessments 365, 544 365, 544
Construction work in progress 87, 219 87, 219 10, 096 Designated for plant expansion 4, 000, 000 4, 000, 000 3, 777, 213 'I
$197,350 $13,227,824 $13,425,174 $12,928,350 Unreserved:
Less; Allowance for depreci- Undes[gnated $240, 874 1, 033, 456 1, 274, 330 1, 567, 426
ation 120, 015 2, 975, 319 3, 095, 334 2, 899, 918
Total Retained Earnings $240, 874 6, 246, 419 6, 487, 293 5, 579, 106
Total Fixed Assets 77, 335 $10, 252, 505 $1Q 329, 840 $10, 028, 432
rn
J T otals $366, 249 $17, 442, 977 $17, 809, 226 $16, 697, 040 Totals $366, 249 $17, 442, 977 $17, 809, 226 $16,fi97, 040
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
City of Brooklyn Center Exhibit 20
Enterprise Funds
C OMBINING S TA TE ME NT OF OPE RA TI ONS A ND RE TA INE D EA RNINGS
For the Year Ended December 31, 1981
With Comparat�ve Totals for the Year Ended Decexnber 31, 1980
Public
Liquor Utilities 1981 1y80
Revenues
Gross margin on product
sales $509, 407 509, 407 464, 085
Charges for services $1, 518, 638 1, 518, 638 1, 479, 902
Interest 8, 446 647, 302 655, 748 465, 071
Other revenue 2, 162 106, 271 108, 433 13, 938
Total Revenues $520, 015 $2, 272, 211 $2, 792, 226 $2, 422, 996
i Expenses
Personal services $193, 305 157, 512 350, 817 320, 193
Contractual services 57, 868 269, 470 327, 338 240, 176
I' Supplies and materials 8, 343 34, 105 42, 448 42, 050
Insurance 23, 252 4, 654 27, 906 31, 938
Rent and administration 63, 546 $6, 096 149, 642 128, 442
Interest and fiscal agent
fees 20, 343 20, 343 21, 710
Depreciation 12, 542 185, 060 197, 602 190, 989
Metro Waste Control
Commission charges 637, 256 637, 256 502, 830
Other 5, 640 47 5, 687 6, 870
Total Expenses $364, 496 $1, 394, 543 $1, 759, 039 $1, 485, 198
Excess (Deficit) of Revenues
Over Expenses $155, 519 877, 668 $1, 033, 187 937, 798
Other Financing Sources (Uses)
Transfers to General
Fund $(�.25, 000) 125, 000) 125, 000)
Total Other Financ-
ing Sources (Uses) $(125, 000) -0- 125, 000) 125, 000)
E�cess (Deficit) of Revenues
and Other Sources Over
Expenses and Other Uses 30, 5].9 877, 668 908, 187 812, 798
Retained Earnings January 1 210, 355 5, 368, 751 5, 579, 106 4, ?66, 308
Retained Earnings
December 31 $240, 874 $6, 246, 419 $6, 487, 293 $5, 579, 106
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
-68-
City of Brooklyn C'enter Exhibit 21
Enterprise Funds
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
For the Year Ended December 31, 1981
With Comparative Totals for the Year Ended December 31, 1980
Munecipal Public
Liquor i?tilities Totals
Fund Fund 1981 1980
Sources of Financial Resources
Operations:
Net income for year 155, 519 877, 6fi8 $1, 033, 157 937, 798
Add: Items not requiring current outlay of resources:
Depreciation 12, 542 185, O60 197, 602 190, 990
Total Resources Provided by Operations 168, 061 $1, 062, 728 $1, 230, 789 $1, 128, 788
Decrease in working capital 8, 067 8, 067
Debt retirement investments, sold 1, 365
Contributions toward construction 57, 512 57, 512 79, 474
Decrease in assessments receivable deterred 4, 936
Decrease in M. W. C. C. receivable 8, 866 8, 866 8, 348
Decrease in settlement receivable 1, 402
Property sold 2, 188 2, 188
Totals 176, 128 $1, 131, 294 $1, 307, 422 $1, 224, 313
Uses of Financial Resources
Depreciation on property sold g 2, 188 2, 188
Purchase of properties 51, 128 447, 883 499, O11 140, 196
Payments to retire bonds 40, 000 40, 000 35, 000
Increase in working capital 362, 726 362, 726 729, 537
Increase in restricted investments 222, 787 222, 787 176, ]96
TransFers to Geoeral Fund 125, 000 125,-000 125, 000
Amortization of deferred gain on sale of assets 3, 284 3, 284 3, 284
Construction funds invested 9, 157 9, 157 6, 752
Amortization of Metro Waste Control Commission deferred credit 8, 866 8, 866 8, 348
Increase in asaessments receivable de£erred 30, 608 30, 608
Debt retirement investments purchased 3, 795 3, 795
Totals 176,1'lII �1,131,294 $1,307,422 �1,224.313
(See notes to financial statements)
This statement is an integral part of repor[ dated Mav 26, 1952.
City of Brooklyn Center Exhtbit 22
Municipal Liquor Fund
STATEMENT OF OPERATIONS AND RETAINED EARNINGS
For the Year Ended December 31, 1981
With Comparative Totals For the Year Ended December 31, 1980
Brooktyn
Humboldt Boulevard Northbrook Totals
Square Store Store Store 1981 1980
Sales and Cost of Goods Sold
Sales $700,812 $837,206 $939,216 $2,477,234
$2,404,379
Less: Cost of Sales $561, 303 $676, 429 $756, 007 $1, 993, 739
$1, 969, 264
Trade discounts 7, 122) 8, 521) 10, 269) 25. 912) 28, 970)
$554,181 $667,908 $745,738 $1.967,827 $1,940,294
GrossMargin $146,631 $169,298 $193,478 509,407
464, 085
Operating Expenses $117, 470 $1i0, 092 $136, 934 364, 496 330, 200
Operating Income 29, 161 59, 206 56, 544 144, 911
133,885
0
Other Revenue
Interest earned
S, 446 6, 265
M iscellaneous
2,162 2,306
Net Income to Retained Earnings 155, 519 142, 456
Retained Earnings, Januar,y 1 210, 355 192,899
Transfer to Ge�eral Fund 125, 000) 125, 000)
Retained Earnings, December 31 240, 874 210, 355
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1�J82.
City of Brooklyn Center Exhibit 23
Municipal Liquor Fund
COMPARATIVE STATEMENT OF LIQUOR OPERATING EXPENSES
B rooklyn
Humboldt Boulevard Northbrook For the Year Ended December 31,
Square Store Store Store 1981 1980
Operating Expenses
Salaries and wages 55, 149 69, 449 68, 707
$193,305 $172,022
Rent 18, 380 17, 687 36, 067 36, 123
Payroll taxes 8, 144 4, 081 7, 235 19, 460 16, 271
Utilities 5, 239 3, 178 5, 210 13, 627 13, 279
Depreciation and amortization 4, 497 3, 552 4, 493 12, 542 10, 55T
Insurance 6.824 7,351 9,077 23,252 22,325
Supplies 2, 489 3, 000 2, 854 8, 343 9, 364
Repairs and maintenance 618 796 2,091 3,5p5 4,514
Professional services 826 826 825 Z,477 2,739
Heating 635 1,239 1,289 3,163 3,821 I
Provision for uncollect[Gle checks and cash short 2II3 340 774 1,397 1, 116
Laundry 501 455 642 1,598 1,423
Protective services 590 640 650 1, 880 1, 860
Inventory variance and breakage 1, 355 109 113 1, 577 200
Telephone 557 542 465 1, 564 1, 115
Advertising 518 489 489 1,496 593
M iscellaneous 42 129 131 302 346
Taxes and ltcenses 28 18 18 64 59
A dministrative services 7, 694 9, 343 10, 442 27, 479 24, 289
Other contracted services 851 851 851 2,553 2,518
Data processing 2,011 2,372 2,613 6,�96 5,672
Design and construction 1, 045 1, 045
Use of personal auto 239 287 278 804
Tota1 Liquor Operating Expenses $117.4T0 $110, 0�2 $136, 934 g364, 496 $330, 200
(See notes to financial statements)
This statement is an inte�ral part of report dated Ma,y 26, 1982.
�'ity of Brooklyn Center Exhibit 24
Public Utilities Pund
BALANCESHEET
December 31, 1981
With Comparative Totals for December 31, 1980
���ater Sewer Totals Water Sewer Totals
Accounts Accounts 1981 1980 9ccounts 9ecounts 1981 1980
ASSETS I.IABILITIES, CONTRIBUTIONS .AND
RETAINED EARNTNGS
Current Assets Current Liabilities
Temporary investments 367, 369 $1, 743, 920 2, 111, 289 1, 635, 955 Accounts payable 7, 658 7, 658 39, 571
A ccounts receivable 52, 124 52, 125 104, 249 106, 344 Contracts pa,yable 185, 316 185, 316
Less: Allowance for Due to other funds 43, 360 43, 360 1, 143
uncollectible 2, 274) 2, 274) 4, 548) 2, 137) Due to other governments 18, 513 18, 513
Assessments receivable 3, 859 3, 859 10. 125 Accrued liabilities 3, O61 3, O61 6, 834
llue from other funds 902 Current portion of long-term deht 40, 000 40, 000 40, 000
Due from other govern-
ments 83, 565 83, 565 51, 359 Total Current Liabilities 94, 079 203, 829 297, 908 87, 548
Inventories;
Materials and supplies 14, 790 14, 790 17, 470
Prepaid expenses; I,ong-Term Liahilities
M. W. C. C. charges 60, 371 60, 371 46, 462 Revenue bonds 480, 000 480, 000 520, 000
Accrued revenue 57, 034 153, 332 210, 366 144, 375 Less: Current portion 40, 000 40, 000 40, 000
N
Total Current Assets 492, 902 $2. 091, 039 2. 583, 941 2, 010, 855 Total Long-Term Liabilities 440, 000 -0- 440, 000 480, 000
Restricted Assets Contributions To�vard Construction
Special assessments and
Temporary investments 3, 700.000 300, 000 4, 000, 000 3, 777, 213 Developers Q 4, 747, 439 $5, 411, 423 �10, 158, 862 .Q10. 101, 350
Due from other govern-
ments (MWCC 237, 376 237, 376 246, 242 Total Contributions Q 4, 747, 439 �5, 411, 423 $10, 158, 862 $10, 181, 350
Debt retirement account 135, 280 135, 280 131, 485 Deferred Credits,
Assessments receivable Gain on sale of assets 62, 412 62, 412 65, 697
deferred 141, 736 141, 736 111, 12II Metro W:aste Control Commission
Construction Funds invested 92, 139 92, 139 82, 982 237, 376 237, 376 246, 242
Total Restricted Assets 4, 069, 155 537, 376 4. 606, 531 4, 349, O5Q Total Deferreci'E7redits -0- 299, 788 299, 788 g 311, 939
City of Brooklyn Center Exhibit 24
Public Utilities Fund (continued)
RALANCE SHEET
December 31, 1981
With Comparative Totals for December 31, 1980
Water Sewer Totals Water Se�ver Totals
Accounts Accounts 1981 1980 Accounts Accounts 1981 1980
ASSETS LIAAILITIES, CONTRIf3UTiONS AND
RETAINFD EARNINGS
Fixed Assets Retained larnings
Mains and lines 5. 894, 742 $4, 870, 261 $10, 765, 003 $10, 562, 673 Reserved:
Structures 1, 363, 745 718, 566 2, 082, 311 1, 914, 081 Debt retirement 135, 280 135, 280 131, 485
Equipment 134, 238 134, 237 268, 475 27Q. 463 Construction funds 92, 139 92, 139 82, 982
Land 24, 816 24, 816 24, 816 Working capital 170, 000 450, 000 620, 000 20, 000
Construction in progress 58, 909 28, 310 87. 21�J 10, 096 Appropriations 71, 181 152, 627 223, 808
7, 476, 450 $5, 751, 374 $13, 227, 824 $12, 782, 129 Designated for plant expansion 3, 700, 000 300, 000 4, 000, 000 3, 777, 213
Less; Allo�n�ance for Unreserved:
depreciation 1, 506, 003 1, 469, 316 2, 975, 319 2, 792, 496 i?ndesignated 1, 082, 386 92, 806 1, 175, 192 1, 357. 071
Total Fixed Assets 5, 970, 447 $4, 282, 058 $10, 252, 505 9. 989, 683 Total Retained Earnings 5, 250, 986 995, 433 6, 246, 419 5, 368, 751
Totals $�10, 532, 504 $6, 910, 473 $17, 442, 977 $16, 349, 588 Totals $10, 532�____.___ $6, 910, 473 $17, 442, 977 $16, 349, 588
w
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
City of Brooklyn Center Exhibit 25
Public Utilities Fund
STATEMENT OF OPERATIONS AND RETAINED EARNINGS
For the Year Ended December 31, 1981
With Comparative Totals for the Year Ended December 31, 1980
Water Sewer Totars
Accounts Accounts t981 1980
Operating Revenue
Service to consumers 448, 465 $1, 016, 425 $1, 464, 890 $1, 448, 611
Service hookup charges 53, 748 53, 748 29, 202
Sale of water meters net 28 28 3, 744)
Penalties 2, 028 4, 306 6, 33� 1, 333
Federal grants 65, 684 65, 684
State grants 13, 137 13, 137
Other 18, 118 18, 118 4, 500
Total Operating Revenue 504, 269 $1, 117, 670 $1, 621, 939 $1, 479, 902
Operating Expenses
Total Operating Expenses 422, 224 951, 929 $1, 374, 153 $1, 126, 418
aperating Income 82, 045 165, 741 247, 786 353, 484
Other Revenue
Interest earned:
Investments 502, 883 117, 211 620, 094 434, 851
Special assessments 10, 124 10, 124 9, 020
Metro Waste Control Comm-
ission 7, 927 7, 92? 8, 183
Construction Funds 9, 157 9, 157 6, 752
1Vliscellaneous 2, 970 2, 970 11, 632
Total Other Revenue 522, 164 128, 108 650, 272 470, 438
Other Expenses
Interest and fiscal agent fees 20, 343 20, 343 21, 710
Miscellaneous 47 47 6, 870
Other Expenses 20, 390 -0- 20, 390 28, 580
Net Income to Retained Earnings 583, 819 293, 849 877, fi68 795, 342
Retained Earnin s Januar 1 4 667 16? 70 8 8 7
g, y 1, 5 4 5, 3 6 5 1 4, 5 7 3, 4 0 9
Retained Earnings, Decem.ber 31 $5, 250, 986 995, 433 $6, 246, 4Y9 $5, 368, 751
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
-?4-
City of iirooklyn Center Exhibit 26
F'ublic Utilities Fund
COMPARATIVE STATEMEN'I' OF WATER OPERATING EXPENSES
Classification by Function
Source of Customer For the Year Ended December 31,
Supply Transmission Administration Accounting 1981 1980
Depreciation 56,459 57,163 �113,622 $309,000
Labor 15,975 28,347 46,563 19,339 110,224 108,950
Electricity 66, 457 66,'457 63, 276
Rent and administration 43, 048 43, 048 34, O15
Materials and supplies 21, 407 1. 570 2, 945 1, 217 27, 139 28, 045
Equipment rentals 7, 002 4, 581 11, 583 16, 313
Professional fees 1, 778 1, 778 13, 491
Repairs and maintenance 1, 663 11, 281 1, 778 1, 920 16, 642 8, 077
Payrolltaxes 9,408 9,408 7,854
Postage AO 9, 636 9, 716 7, 750
Insurance 2.327 2,327 2,308
Employee benefits 3, 743 3, 743 3, 972
Fuel heating 1, 846 1, 846 3, 009
Miscellaneous 756 1, 163 1, 246 134 3, 299 1. 285
Schools and conferences 290 290 150
Small tools and equiQment 1, 002 100 1, 102 332
$165,565 99,624 Q120,208 3 6,827 Q422,224 $407,827
cn
(See notes to financial statc:m�,nts)
This statement is an integral part of report dated niav 26, 1982.
I
City of Brooklyn Center Exhibit 27
Public Utilities Fund
COMPARATIVE STATEMEN'I' OF SEWER OPERATING rXPENSES
Classification by Function
Disposal and Customer For the Year Ended December 31,
Pumping Transmission Administration Accounting 1981 1980
Metro Waste Control Commission $637, 256 $637, 256 �502, 830
Depreciation 22,975 48,463 71,438 71,438
Labor 14, 661 16, 921 15, 706 47, 288 39, 221
Rent and administration 43, 048 43, 048 34, 015
Equipment rental 7, 002 4, 581 11, 583 16, 358
Electricity 10, 066 10, 066 9, 484
Payrolltaxes 9,408 9,408 7,854
Repairs and maintenance 182 182 1, 140
Professional fees 514 82. 000 1, 419 83, 933 5, 251
Postage 58 2, 437 2, 495 1, 790
Materials and supplies 2, 210 653 4, 103 6, 966 4, 641
Insurance 2.327 2.327 7,305
Employee benefits 3, 490 3, 490 2, 670
Small tools and equipment 100 100 200
Fuel heating 327 327 237
Miscellaneous 643 2, 146 2, 614 5, 403 499
Payments to other cities for services 16, 619 1&, 619 13, 658
rn
$705, 271 150, 183 89, 457 7, 0 18 �951, 929 $718, 591
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
i
TRUST AND AGENCY FUNDS
Trust and Agency Funds account for assets held by the City as a trustee
or agent for individuals, private organizations, and other governmental
units.
City of Brooklyn Center Schedule S-5
A ll A ge ncy Funds
COMBINING STATEMENT OF CHANGES IN ASSETS AND LLABILITIES
For the Year Ended December 31, 1981
Balance Balance
December 31, December 31,
1980 Additions Deductions 1981
A ssets
Cash in banks 72, 386 -0- 72, 386 $104, 400
Investments 86, 448 237, 950 154, 691 65, 307
A ccrued interest 85 85 -0-
A ccounts receivable 51, 536 43, 806 51, 536 43 806
Taxes receivable 1, 706 401 1, 305
Due from other governments -0- 48, 647 48, 647 -0-
Total Assets $212, 161 $330, 403 $327, 746 $214, 818
Liabilities
A ccounts payable 26, 455 7, 681 26, 455 7, 681
Principals' balances 185, ?06 322, 722 301, 291 207, 137
Total Liabilities $212, 161 $330, 403 $327, 746 $214, 818
(See notes to financial statements)
This statement is an inte ral part of report dated May 26, 1982.
g
I
I
i
1
1
II I 7 7
City of Brooklyn Center Schedule S-6
Housing and Redevelopment Fund
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
For the Year Ended December 31, 1981
Balance Balance
December 31, December 31,
1980 Additions Deductions 1981
A ssets
Cash in b
anks 72 386
0 72, 386 0-
nve
I stments
8 7
5, 68 237, 950 154, 037 169, 800
A ccrued interest 85 85 -0-
A ccounts receivable 51, 536 43, 806 51, 536 43, 806
Taxes receivable 1, 468 182 1, 286
Total Assets $211, 162 $281� 756 $278, 226 $214, 692
i
L iabilitie s
A ccounts payable 26, 455 7, 681 26, 455 7, 681
Principals' balance 184, 707 274, 275 281, 771 207, O11
Total Liabilities $211, 162 $281, 756 $278, 226 $214, 692
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
i
1
1
8
C ity of Brooklyn Center Schedule S-?
Fire Department Relief Association Fund
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
For the Year Ended December 31, 1981
Balance Balance
December 31, December 31,
1980 A dditions Deductions 1981
Assets:
Investments 761 654 107
Taxes receivable 238 219 19
Due from other governments 48, 647 48, 647
Total Assets 999 48, 647 49, 520 126
Liabilit ie s
Principals' balance 999 48, 647 49, 520 126
Total Liabilities 999 48, 647 49, 520 126
(See notes to financial statements)
This staternent is an integral part of report dated May 26, 1982.
-?9-
GENERAL FIXED ASSETS �ROUP OF ACCOUNTS
General Fixed Assets are those fixed assets of a governmental jurisdiction
which are not accounted for irL an Enterprise, Working Capital, or Trust
Fund. To be classified as a fixed asset in this category, a specific piece of
property must possess three attributes:
(1) tangible nature; (2) a life longer than the cunent fiscal year; and (3) a
signi�cant value.
City of Brooklyn Center Exhibit 28
SCHEDULE OF GENERAL FIXED ASSETS BY SOURCES
December 31, 1981
Balance Balance
January 1, ]�ecember 31,
1981 Acquisitions Disposals 1981
Investments in General Fixed
Assets (at cost)
Land and land improve
ments 568, 462 428, 025 996, 48?
Buildings and building
improvements 3, 138, 680 611, 701 3, 750, 381
Park properties (includ-
ing buildings) 2, 559, 301 94, 273 2, 653, 574
Furniture 356, 363 "16, 235 372, 598
Departmental equipment 1, 972, 471 207, 981 31, 485 2, 148, 967
Storm sewers and street
pro�ects 10, 868, 360 1, 204, 108 12, 072, 468
Total Investments in General
Fixed Assets $19, 463, 637 $2, 562, 323 31, 485 $21, 994, 475
Sources of Investments
General indebtedness 600, 491 600, 491
General Fund revenues
(includes ad valorem
levies) 2, 796, 951 375, 356 31, 485 3, 140, 822
Liquor Fund revenue cer-
tificates 304, 571 304, 571
Contributions received 327, 398 327, 398
Special assessments 10, 686, 896 1, 204, 108 11, 891, 004
Capital Projects Funds:
General Obligation
Bonds 3, 129, ?98 3, 129, 798
A d Valorem tax levies 265, 243 265, 243
Sale of assets 38, 654 118, 000 156, 654
Transfers from Debt
Service Funds excess
after payment of debt 198, 386 198, 386
Transfers from General
Fund 3, 000 250, 000 253, 000
Interest earnings on
investments 264, 343 ?0, Q14 334, 357
Federal grants 773, 642 297, 500 1, 071, 142
State grants 74, 264 247, 345 321, 609
Total Sources of Invest-
ments $19, 463, 637 $2, 562, 323 31, 485 $21, 994, 475
See notes to financial statements
This statement is an integral part of report dated May 26, 1982.
-80-
City of Brooklyn Center Schedule S-8
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION
AND ACTNITY
December 31, 1981
Machinery Streets
and and
Function Total Land Buildings Equipment Storm Sewers
General Govern-
ment $15, 590, 520 996, 487 $2, 521, 565 $12, 072, 468
General Govern-
ment Buildings 3, 750, 381 $3, 750, 381
Parks (including
buildings) 2, 653, 574 2, 653, 574
Totals $21, 994, 475 $3, 650, O61 $3, 750, 381 $2, 521, 565 $12, 072, 468
-81-
City of Brooklyn Center Schedule S-9
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY
FUNCTION AND ACTNITY
December 31, 1981
Balance Balance
January 1, December 31,
1981 A cquistions Disposals 1981
General Government $13, 765, 656 $1, 856, 349 31, 485 $15, 590, 520
General Government
Buildings 3, 138, 680 611, 701 3, 750, 381
Parks (including build-
ings) 2, 559, 301 94, 273 2, 653, 574
Totals $19, 463, 63? $2, 562, 323 31, 485 $21, 994, 475
(See notes to fina.ncial statements)
This statement is an integral part of report dated May 26, 1982.
t
-82-
i
F
i
t
GENERAL LONG-TERM DEBT GROUPOFACCOUNTS
General obligation bonds and other forms of long-term debt supported by
general revenues are obligations of a governmental unit as a whole and not
its individual constituent funds. Moreover, the proceeds of such debt may
be spent on facilities which are utilized in the operations of several funds.
For these reasons, the amount of unmatured long-term indebtedness which
is backed by the full faith and credit of the government should be recorded
and accounted for in a separate self-balancing group of accounts titled the
"General Long-Term Debt Group of Accounts". This debt group will
include, in addition to conventional general obligation bonds, time warrants
and notes which have a maturity of more than one year from date of
issuance.
City of Brooklyn Center E xhibit 29
COMPARATIVE STATEMENT OF GENERAL LONG-TERM DEBT
December 31
1981 1980
Amounts Avai.lable and to be Provided
Amounts available in Debt Service Funds
(Exhibit 12 508, 481 403, 728
Amounts to be provided in future periods:
General Obligation Bond principal 2, 726, 519 3, 016, 272
Special A ssessments levied in C ity-owned
properties 177, 960 159, 092
Total Amount Available and to be Provided $3, 412, 960 $3, 579, 092
General Debt to be Paid in Future Periods
Principal Portian of debt $3, 412, 960 $3, 579, 092
Total General Debt to be Paid in Future Periods $3, 412, 960 $3, 579, 092
(See notes to financial statements)
This statement is an integral part of report dated May 26, 1982.
-83-
i
C ity of Brooklyn Center TABLE 1
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION
Last Ten Fiscal Years
Public C ommunity
Fiscal General Safety and Public Health Parks and Debt Pension
Year Government Welfare Works Services Recreation Service Expense
1972 $496, 377 561, 100 490, 831 27, 507 478, 385 $313, 927 $214, 663
1973 494, 968 587, 443 500, 840 26, 912 466, 642 384, 101 195, 125
1974 546, 649 ?00, 438 522, 297 26, 555 484, 811 389, 397 227, 727
1975 628, 341 761, 670 599, 314 43, 269 543, 271 383, 708 202, ?04
1976 722, 116 849, 672 692, 545 62, 014 633, 935 411, 730 190, 89Q
0 0
197? 764, 921 961, 851 761, 542 50, 973 639, 315 388, 130 258, 837
1978 868, 776�� 1, 151, 480� 733, 615 66, 423�= 795, 116� 380, 180
1979 688, 539� 1, 521, 159� 892, 470� 48, 576� 860, �83� 356, 905
1980 839, 907� 1, 442, 619ry� 1, 103, 166* 37, 336�= 917, 224=� 332, 139
1981 910, 131�= 1, 588, 149ry< 1, 176, 447* 39, 385�< 1, 162, 878�= 412, 154
J=Pension expense is allocated to these functional expenditures
General Fund and Debt Service Funds
I
City of Brooklyn Center TABLE 2
REVENUE OTHER THAN SPECIAL ASSESSMENTS
Last Ten Fiscal Years
Charges Revenues in Excess of I
General for Current Licenses Expenditures
Fiscal Property Shared Services and and Fines and Public Liquor
Year Taxes�= Taxes�� Other Revenue� Permits� Forfeitures� Utilities Stores
1972 $1, 212, 708 824, 105 319, 651 $100, 455 37, 172 $278, 089 $133, 972
1973 1, 371, 366 922, 477 368, 382 96, 006 53, 862 527, 510 123, 316
1974 1, 542, 561 958, 058 462, 575 88, 922 38, 644 435, 931 134, 995
1975 1, ?45, 667 1, 024, 571 432, 083 101, 380 42, 940 381, 458 150, 902
1976 1, 725, 854 1, 432, 745 486, 371 102, 399 48, 475 103, 848 147, 143
i" 1977 1, 880, 700 1, 577, 843 472, 410 131, 107 54, 420 187, 560 121, 536
1978 1, 883, 745 1, 604, 452 494, 772 179, 062 68, 281 351, 732 134, 841
1979 2, 272, 323 1, 887, 093 714, 894 186, 464 82, 466 546, 930 161, 994
1980 2, 416, 973 2, 731, 611 1, 127, 085 195, 931 111, 382 937, 798 142, 456
1981 2, 034, 252 3, 724, 683 1, 579, 396 207, 100 111, 596 877, 668 155, 519
��General, Special Revenue, Debt Service and Capital Projects Funds.
City of Brooklyn Center TABLE 3
TAX LEVIES AND TAX COLLECTIONS
Last Ten Years
Ratio of
Collections Percentage Collections A ccumulated
of Current Levy Collec- of Prior Ratio of Delinquent
Year's Taxes ted During Year's Taxes Total A ccumulated Taxes to
Year Total During Fiscal Fiscal During Fiscal Total Collections of Delinquent Current Year
Collected Tax Levy Period Period Period Collections Tax Levy Taxes Tax Levy
1972 $1, 195, 237 $1, 163, 912 97. 38 96, 219 $1, 260, 131 1. 0543:1 48, 4�9 04050;1
1973 1, 353, 452 1, 302, 941 96. 27 19, 480 1, 322, 421 9771:1 42, 173 03116:1
1974 1, 518, 271 1, 442, 873 95. 03 34, 450 1, 477, 323 9730:1 89, 35? 05885:1
I
1975 1, 728, 986 1, 678, 567 97. 08 61, 791 1, 740, 358 1. 0066:1 144, 641 08366:1
1976 1, 715, 170 1, 521, 690 88. 72 56, 229 1, 577, 919 9200:1 281, 903 16436:1
o�
1977 1, 880, 70D 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. 87 163, 701 2, 159, 322 1. 0482:1 170, 662 08285:1
1979 2, 316, 550 2, 277, 597 98. 32 58, 083 2, 335, 680 1. 0083:1 146, D42 06304:1
1980 2, 350, 734 2, 306, 803 98, 13 62, 371 2, 369, 174 1. 0078:1 135, 953 05783:1
1981 2, 746, 020 2, 619, 758 95. 40 27, 183 2, 646, 941 9639:1 235, 032 08559:1 li
City of Brooklyn Center TABLE 4
ASSESSED VALUE AND MARKET VALUE OF ALL TAXARLE PROPERTY
Last Ten Years
1973 1974 1975 197fi 1977 1978 1979 1980 1981(3) 1982
Population (Actual) 36, 908 37, 207 36, 954 37, O81 36, 116 34, 110 33, 700 32, 950 31, 167 31, 167
Real Property
Assessed value:
City:
Homestead 52, 150, 596 53, 857, 283 55, 031, 870 62, 354, 181 69, 130, 468 67, 641, 018 72, 075, 015 70, 506, 973 82, 133, 535 74, 268, 430
Excess and non-homestead 36, 527, 538 40, 147, 670 42, 501, 704 47, 138, 412 50, 356, 911 53, 976, 290 54, 893, 227 63, 605, 303 80, 626, 961 104, 715, 944
Area-wide allocation (net) 460, 981 133, 422 201, 206) 1, 190, 083) 1, 454, 192) 1, 832, 196) 1, 680, 827) 2, 357, 630)
TotalAssessed Value 88,678,134 94,004,953 97,694,555 $109,626,015 $119,286,173 $120,427,225 $125,504,050 $132,280,080 $161,079,669 $176,626,744
Estimated Market Value: $249, 328, 665 $262, 535, 943 $270, 699, 261 $301, 639, 725 $329, 463, 243 $381, 926, 955 $396, 811, 532 $451, 519, 456 $604, 637, 366 $657, 701, 757 i
Personal Property I
Assessed val�e 2, 403, 743 2, 657, 185 2, 852, 992 2, 800, 885 3, 034, 703 3, 537, 911 4, 389, 397 3, 816, 766 4, 027, 036 4, 113, 767 I
Estimated market balue 5, 590, S00 6, 179, 500 6, fi34, 865 6, 505, 874 7, 059, 986 8, 227, 700 10, 207, 900 8, 876, 200 9, 365, 200 9, 566, 900
Total Real and Personal Property
Assessed value 91, 081, 877 96, 662, 138 $100, 846, 547 $112, 426, �J00 $122, 32Q 876 $123, �J65, 136 $129, 893, 447 $136, 096, 846 $165, 106, 705 $180, 740, 5
Estimated Market Value $254, 918, 765 $268, ?15, 443 $277, 334, 126 $308, 145, 599 $336, 523, 229 $390, 154, 655 $407, 019, 432 $460, 3�5, 656 $614, 00 2, 566 �667, 268, 657
Ratio of Assessed Value to Esti-
mated Market Value .35730:1 .35972;1 .36363:1 .36485:1 .36348:1 .317733:1 .319133:1 .2�561:1 .26890:1 .27086:1
Per Capital Valuations
�ssessed Value 2,467.81 2.597.96 2,729.00 3,031.93 3,386.89 3,634.28 3,�J54.40 4,130.41 5,297.4� Q 5,799,10
Estimated Market Value 6, 906. 87 7, 222. 17 7, 504. 85 8, 3 T0. 07 317. 84 11, 43f3. 13 12, 077. 73 13, 972, 55 19,?00. 41 Q 21, 409. 46
(1) 1972 and subsequent valuations reflect chanqes as provided for in Laws 1971, Extra Session, Chapter 31, as amended.
(2) 1975 property values and subsequent values include actual amount allocated pursuant to Laws 1�71, Extra Session, ('hapter 24 from area-wide "Pool".
(3) 1981, limited market value abolished, all property assessed on estimated market value.
i
City of Brooklyn Center TABLE 5
TAX HATH'_5 AND TAX LEVIES
Years 1960 through 1982
Area School District Total City, School, County and State N. H. S.
Year Voc-Tech #286 #z79 #Z81 #11 Special State Dist.#286 Dist.#Z79 Dist.#281 Dist. #ll
Collectible City School {Earl Brown) (Osseo) (Robbinsdale) (Anoka) Districts(3) N. H. S. H. S. (Earl Brown) (Osseo) (Robbinsdale) (Anoka) (4)
1960 51.0 167.56 157.64 120.10 114.70 40.14 14.32 8.10 273.02 263.10 225.56 220.16
1961 48.26 189.64 163.00 139,20 123.53 41.46 13.85 6.84 293.21 266.57 242.77 227.10
1962 48.54 211.59 179.99 158.69 134.00 45.40 15.51 6.39 321.04 289.44 268.14 243.45
1963 50.12 219.00 184.62 154.72 131.09 47.23 16.85 8.31 333.20 298.82 268.92 245.29
1964 50.68 225.60 189.62 150.08 134,85 52.51 17.14 8.22 345.93 309.95 270.41 255.18
1965 49,80 215.26 195.50 154.72 144.77 59.69 16.14 6.84 240.89 321.13 280,35 270.40
1966 41.62 227.22 199.98 155.00 153.23 55.66 18.42 18.32 352.92 325.68 280.70 278.93
1967 51.52 227.90 203.00 128.76 Y60.00 53.30 17.24 17.14 349.89 324.99 280.75 281.99
1968 51.34 236.29 211.80 163.56 188.32 64.77 352.40 327.91 279.67 304.43
1969 50, 94 78 266.63 252. 28 184. 57 265. 29 70..pB/ 388. 35 374.00 30E. 29 386. 23
1970 49.65 4.51 294.55 295.42 215.01 297.66 77.18 425.89 426.76 346.35 424.49
1971 44.11 7.96 250.31 216.00 204.90 257,09 77.02 379.40 345.09 333,99 378.22
1972 43.04 10.38 183.24 166.09 147.20 173.68 80.45 317.11 $99.96 281.07 297.17
1973 14.718(1) 2.644(1) 55.786(1) 54.023(1) 44.727(1) 54.920(1) 27.014(1) 100.162(1) 98.399(1) 389.103(1) 96.652(i)
1974 15.730 3,084 56.805 54.634 50.289 54.845 28.965 104.564 102.393 98.045 99.520
1975 17.988(2) 3.372 61.074 57.654 50.787 60.190 33.142 115.576 112.156 105.289 i11.320
1976 15.607(2) 2.759 54.204 53.435 49.043 55.270 31.275 103.845 103.076 98.684 102.152
1977 15.725(2) 2.485 52.663 53.648 49.875 58.400 34.063 104.936 105.921 102.148 108.188
197$ 16.646(2) 2.132 53.537 52.434 49.690 55.840 35.086 10'7.401 106.298 103.554 107.57Z
1979 17.880 2,227 47.451 45.073 46.645 47,706 35.450 103.008 100,630 102.202 101.036
1980 17.245 1.681 42,981 39,345 41.473 43.212 34.580 96.487 92,851 94.979 95.037
1981 16.603 1.510 33.512 33,427 40.757 37.996 33.373 84.998 84.913 92.243 87,972
1982 16.397 1.469 36.781 42.993 50.524 46.847 33.567 91.214 94.436 102.207 96.811
Tax Levies on Property Within Brooklyn Center
Area School District County Total City
Year Voc-Tech #zs6 p279 #z81 #11 Total Special Schools
Collectible School (Earl Brown) (Osseo) (Robbinsdale) (Anoka) School Districts(3) City State County State
1960 427,311 465,174 248,382 42,211
$1, 183,-078 479, 907 404, 905 84, 515 2, 152, 405
1961 497, 907 665, 299 320, 697 43, 880 1, 527, 783 451, 594 452, 289 91, 090 2, 522, 756
1962 551, 349 ?71, 611 367, 691 59, 153 1, 749, 804 440, 294 47Q 746 98, 108 2, 758, 952
1963 587, 665 830, 918 524, 099 76, 198 2, 018, 880 528, 874 561, 236 139, O15 3, 248, 005
1964 622, 578 883, 842 526, 1S9 100, 102 2, 132, 711 615, 335 593, 890 147, 985 3, 489, 721
1965 668, 961 976, 585 614, 756 140, 923 2, 401, 225 779, 230 650, 137 153, 954 3, 984, 546
1966 728, 353 1, 003, 287 $23, 412 171, 926 2, 526, 978 744, 231 690, 212 245, 668 4, 207, 089
1967 836, 669 1, 142, 570 790, 174 210, 428 2, 979, 841 828, 401 804, 858 268, 168 4, 881, 268
1968 888, 684 i, 200, 483 901, 846 295, 160 3, 286, 173 1, 06�J, 364 847, 632 5, 203, 169
1969 16, 096 1, 238, 004 1, 724, 773 1, 317, 751 535, 263 4, 831, 887 1, 444, 592 1, 051, 250 7, 327, 729
1970 99, 033 i, 375, 490 2, 071, 747 1, 689, 434 719, 896 5, 955, 600 1, 694, 770 1, 090, 248 8, 740, 618
1971 216, 938 1, 580, 568 1, 852, 268 1, 889, 969 807, 230 6, 346, 973 2, 099, 064 1, 202, 152 9, 648, 189
1972 255, 036 1, 190, 094 1, 436, 342 1, 387, 686 555, 856 4, 825, 014 2, 234, 127 1, 195, 237 8, 254, 378
1973 240, 820 1, 273, 089 1, 506, 993 1, 317, 268 599, 411 4, 937, 581 2, 460, 486 1, 34Q 542 8, 738, 610
1974 298, 106 i, 466, 912 1, 571, 708 1, 535, 659 632, 575 5, 504, 960 2, 799, S19 1, 518, 562 9, 832, 341
1975 296, 212 1, 652, 565 1, 742, 105 1, 552, 542 754, 898 5, 998, 322 3, 370, 680 1, 805, 754 11. 174, 756
1976 270, 428 1, 581, 797 1, 804, O10 1, 629, 635 789, 077 6, 174, 947 3, 511, 97�J 1, 752, 564 I 1, 439, 490
1977 265, 953 1, 786, 278 1, 834, 979 1, 800, 122 910, 679 6, 598, 002 4, i56, 788 1, 849, 989 12, 604, 779
19 i 8 231, 488 1, 853, 423 1, 865, 301 1, 841, 345 889, O60 6, 68Q 617 4, 345, 6�J0 2, 060, 012 13, 086, 319
1979 252, 099 1, 763, 457 1, 711, 981 1, 805, 864' 794, 944 6, 328, 345 4, 603, 009 2, 316, 684 13, 248, 038
1980 203, 243 1, 737, 432 1, 568, 491 1, 650, 314 1, 552, 661 6, 712, 141 4, 711, 691 2, 350, 962 13, 774, 774
Z981 237, 607 1, 939, 916 1, 636, 937 2, 058, 145 766, 972 6, 639, 577 5, �25, 084 2, �J47, 717 15, 512, 378
1982 265, 508 2, 422, 618 2, 061, 005 2, 606, 004 881, 745 8, 23fi, 880 6, 066, 917 2, �J63, 602 17, 267, 399
(1) Due to determination of assessed valuation calculation changed by state law (3) Includes Metro ('ouncil, Metro Transit Commission, Mosquito Control District
enacted in 1971 the resulting mill rate is approximately one-third as great Park Mcsei�m.
as before the enactment of the new law. (4) Area Voc-Tech school tax rate is excluded.
(2) Includes tax levy for the Housing and Redevelopment Authority of Brooklyn Centen
City of Brooklyn Center TABLE 6
SPECIAL ASSESSMENT COLLECTIONS
Last Ten Years
Current Special Total
A ssessments A mount Ratio of Current and
Installments Collected Current Delinquent
Becoming Due Currently Collections Assessments Current
Fiscal During the During the to Amount Uncollected Percentage Balance
Period Fiscal Period Fiscal Period Due At Year End Collected Uncollected
7 8023• 270 3 97 22 7 7
1972 $807, 317 $64 695 .1 54 19 1
1973 ?87, 054 589, 500 .?490:1 312, 177 94. 89 40, 248
1974 742, 130 634, 434 8549:1 202, 970 85. 49 107, 696
o� 1975 679, 068 56?, 338 8355:1 314, 700 83. 55 204, 701
1976 ?36, 438 444, 699 6039:1 606, 439 60. 39 290, 511
1977 663, 514 406, 029 6119: 1 633, 094 61. 19 257, 485
1978 607, 046 407, 224 6708:1 668, 578 67. OS 199, 822
1979 585, 1Q5 461, 550 7888:1 361, 906 78. 88 123, 555
1980 655, 175 572, 104 8732:1 189, 808 87. 32 83, 071
1981 395, 439 335, 859 8493:1 152, 059 84. 93 59, 580
City of Brooklyn Center TABLE 7
RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
Last Ten Years
Ratio of Net
Less:Amount Bonded Debt Net Bonded
Fiscal Estimated Assessed Gross In Debt Net to Asses�ed Debt Per
Period Population Value Sonded Debt Service Funds Bonded Debt �alues Capita
1972 36, 908 83, 311, 137 $9, 291, 000 $1, 774, 258 $7, 516, 742 .0902;1 $203.66
1973 37, 102 91, 081, 877 9, 224, 000 2, 118, 269 105, 731 .0780:1 191. 52
I 1974 36, 954 96, 662, 138 8, 407, 000 1, 874, 002 6, 532, 998 0675:1 176. 79
1975 37, 081 100, 386, 566 7, 605, 000 2, 115, 984 5, 489, 016 0547;1 148. 02
0
1976 36, 116 112, 293, 478 7, 770, 000 2, 118, 250 5, 581, 750 0497:1 154. 55
1977 34, 110 122, 320, 876 7, 015, 000 2, 193, 710 4, 821, 290 0394:1 141. 35
1978 33, 70Q 123, 965, 136 6, 215, 000 3, 652, 259 3, 562, 741 02873:1 105. 72
1979 32, 950 129, 893, 447 5, 475, 000 3, 138, 481 2, 336, 519 01799:1 70. 91
1980 31, 167 136, 096, 846 6, 265, 000 2, 519, 06? 3, 745, 933 02752:1 120. 19
1981 31, 167 165, 106, 705 5, 650, 000 3, 031, 398 2, 618, 602 01586:1 84. 02
City of Brooklyn Center TABLE 8
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1981
A ssessed value, January 1, 198I $180, 740, 511 1
Debt limit 6. 67% of assessed value (See Note A) 12, 055, 392
Total bonded debt $5, 650, 000
Deductions (See Note B):
A Bonds
1, Special Assessment
Bonds $1, 935, 000
2. State Aid Street
Bonds 600, 000
3. Utility Revenue
Bonds 480, 000
$3, 015, 000
B. General Debt Service
Fund 478, 541 $3, 493, 541
Total Debt Applicable to Debt Limit 2, 156, 459
Le al Debt Mar in December 31 1981 9, 898, 933
g g
Note; (A) M.S.A. Section 475. 53 (See following page)
Note; (B) M.S.A. Section 475.51 (See following page)
-91-
City of Brooklyn Center TABLE 8
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1981
Note (A M. S. A. Section 475. 53 et seq. Limit on Net Debt:
"Subdivision 1. enerall exce t as ther
G y, p o wise provtded Ln
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.
Note (B): M. S. A. Section 475. 51 Definitions:
"Subdivision 4. 'Net Debt' means the amount remaining after
deducting from its gorss debt the amount of current revenues
which are applicable within the current fiscal year to the pay-
ment of any debt, and 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 xeimbursements in
whole or in part from the proceeds of the special assessments.
2 arr nts or orders havin no de inite
W a g f or f�.xed 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
authorizing their issuance are not to be included in computing
the net debt of the municipality.
-92-
City of Brooklyn Center TABLE 9
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
December 31, 1981
City of Brooklyn Center
Share
Governmental Unit Gross Debt Sinking Funds Net Debt Per Cent Amounf
Direct and Overlapping Debt
Direct Debt;
City of Brooklyn Center (1)$ 5, 650, 000 3, 031, 398 2, 618, 602 100. 00% 2, 618, 602
Overlapping Debt:
School Districts:
No. 281 (Robbinsdale) 19, 710, 000 6, 564, 531 13, 145, 469 10. 20% 1, 340, 838
No. 11 (Anoka) 24, 205, 000 3, 837, 250 20, 367, 750 5. 90 1, 201, 697
No. 279 (Osseo) (2) 23, 570, 000 3, 478, 722 20, 091, 278 26. 80 5, 384, 463
No. 286 (Brooklyn Center) 965, 000 105, 040 859, 960 100. 00 859, 960
Area Voc. Tech School:
No. 287 13, 700, 000 3, 958, 012 9, 741, 988 4. 90 477, 357
Metro transit 13, Z00, 000 2, 748, 000 10, 452, OOQ 1. 50 156, ?80
Metro council (3) 33, 930, 000 23, 170, 540 10, 759, 460 1. 50 161, 392
Metro airport (4)
w Hennepin County 33, 825, 000 7, 213, 579 26, 611, 721 2. 70 718, 508
Hennepin County Park District 1, 750, 000 882, 743 867, 25? 2. 70 23, 416
Total Overlapping Debt $164, 855, 000 51, 958, 41? $112, 896, 583 10, 324, 411
Total Direct Overlapping Debt $170, 505, 000 54, 989, 815 $115, 515, 185 12, 943, 013
(1) Includes $1, 935, 000 debt outstanding to be paid from special assessments, $6U0, 000 debt outstanding on State
A id Street Bonds, and $480, 000 debt outstanding on revenue bonds.
(2) Excludes $640, 000 capital construction loans from the State of Minnesota under provisions of Maximum Effort
School Aid Loan Account, considered to be subordinate to publicly held bonds.
(3) Excludes $152, 641, 000 (less $15, 214, 522 in sinking funds) of the Metro Council issued G.O. sewer bonds.
These sewer bonds are supported from sewer service charges to government units (including Brooklyn Center)
w ithin the metro sewer system.
(4) Excludes $136, 630, 000 (less $24, 100, 000 in sinking funds) of G.O. Airport bonds supported from airport user
fees and rentals.
Comparative Net Debt Ratios Chargeable to City Total Direct Debt Overlapping Debt
Debt to assessed value ($180, 740, 511) 7. 16% 1. 45°jo 3. 71%
Debt to market value ($657, 701, 757) 1. 97% 40% 1. 57%
Per capita debt (population 31, 167) $415.28 84.02 $331. 26
C ity of B rooklyn C ente r TA BLE 10
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Years
Ratio of Debt
Total Total General Service to General
Year Principal Interest Debt Service Expenditures Expenditures
1972 90, 000 $223, 92? $313, 927 $2, 219, 355 14. 14
1973 165, 000 219, 101 384, 101 2, 278, 020 16. 86
1974 180, 000 209, 397 389, 39? 2, 577, 758 15. 10
1975 185, 000 198, 708 383, ?08 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, 1$0 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
*Includes General, Special Revenue, Debt Service and Capital Projects Funds.
City of Brooklyn Center TABLE 11
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Years
I
Net Ratio of Net
Gross (1) Revenue Debt Service Revenue to
Year Revenue Expenses Available Principal Interest Total Debt Service
1972 863, 111 447, 56? 321, 106 $30, 000 $31, ?67 $61, 767 5. 2 to 1
1973 1, 053, 238 383, 000 700, 238 30, 000 30, 525 60, 525 11. 6 to 1
I
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, ODO 28, 275 58, 275 9. 5 to 1
ca 1976 1, 235, 274 710, 662 524, 612 35, 000 27, 105 62, 105 8.4 to 1
1977 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
1979 1, 572, 244 824, 417 747, 827 35, 000 23, O10 58, O10 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
(1) Excludes depreciation and interest on bonds
I
City of Brooklyn Center TABLE 12
PROPERTY VALUE AND CONSTRUCTION
Last Ten Fiscal Years
C omme rc ial
construction Residential construction
Fiscal Number Property value�
Year Value of Units Value Commercial Residential Non-taxable
1972 6, 261, 236 808 $12, 612, 280 74, 206, 200 $155, 716, 935 �m
1973 3, 635, 104 35 834, 140 93, 702, 944 168, 832, 999
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, 115 50, 386, 615
1978 5, 247, 131 239 6, 861, 300 140, 651, 752 285, 436, 500 50, 386, 615
1979 8, 209, 394 76 3, 392, 700 161, 917, 915 330, 196, 500 50, 386, 615 I,
1980 12, 554, 300 43 3, 061, OOU 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
J�E stimated market value
Exempt assessment not available prior to 1974.
C ity of Brooklyn Cente r TA BLE 13
PRINCIPAL TAXPAYERS
December 31, 1981
Percentage
1982 of total
Market Market
Taxpayer Type of Business Valuation Value
Equitable Life A ssurance
Soc. of America Brookdale $24, 225, 000 3. 3%
Brooklyn Center Industrial Land and also
Park, Inc. office buildings 16, 287, 600 2. 2
Prudential Insurance Com- Land and also
pany of America warehouses 9, 808, 700 1. 4
Brooklyn Center Develop- Land and offices 657, 600 1. 1
ment Company
Sears Roebuck and Department store 6, 210, 7D0 9
C ompany
Twin Lake North A partments 5, 180, 400 7
Commercial Partners Brookdale S uare 4 975 80�
q .7
Donaldson's Store and Department store 4, 755, 800 7
Car Center Allied
C entral Stores
Dayton-Hudson Corporation Department store 4, 675, 900 6
Center Development Com�
pany A partments 4, 416, 400 6
$88, 193, 900 12. 2�fo
-97-
City of Brooklyn Center TABLE 14
SUMM�RY OF DEBT SERVICE REQiJIREMENTS TO MATURITY
December 3i, 1981
Total
i Fiscal General ObIigation Bonds G.O. Special Assessment Bonds G.O. State-Aid Street Bonds Water Revenue Bonds Debt Service Requirement
Year Principal Interest Principal Intereat Principal Interest Principal Interest principal Interest
1982 135, 000 186, 585 360, 000 $103, 472 60, 000 e 37, 515 $.40, 000 18, 720 595, 000 S 346, 292
1983 180, 000 176, 480 345, 000 84, 665 6Q 000 33, 750 40, 000 17, 160 625, 000 312, 055
1984 195,000 164,050 450,000 66,529 60,000 29,940 40,000 15,600 745,000 276,119
1985 195, 000 150, 495 240, 000 42, 325 60, 000 26. 070 45, 000 13, 991 540, 000 232, 881
1986 210, 000 136, 520 125, 000 28, 185 60, 000 22, 140 45, 000 12, 285 440, 000 199, 130
1987 220, 000 121, 420 115, 000 21, 345 60, 000 18, 165 45, 000 10, 530 440, 000 171, 460
1988 240, 000 105, 520 100, 000 15, 070 60, 000 14, 160 45, 000 8, T75 445, 000 143, 525
1989 250, 000 88, 670 80, 000 9, 330 60, 000 10, 125 45, 000 7, 020 435, 000 15, 145
i990 120,000 71,100 60,000 4,830 60,000 6,075 45,000 5,265 285,000 87,270
1991 280,000 56,420 60,000 1,620 60,000 2,025 45,000 3,510 445,000 63,575
1992 300, 000 34, 810 45, 000 1, 755 345, 000 3B, 565
1993 3 iQ 000 11, 780 310, 000 11, 780
Total $2, 635, 000 $1, 303, 850 $1, 935, OOD $377, 371 $600, 000 $199, 965 $480, 000 $114, 611 g5, 650, 000 1, �J95, 797
City of Brooklyn Center TABLE 15
SCHEDULE OF INSURANCE COVERAGE
December 31, 1981
Type of Coverage and Details Policy Period Liability Limits
From To
I. Statutory Liability to Employees
a. Workers' Compensation 1-1-82 1-1-83 Statutory
(participant in the League of Minnesota Cities
Insurance Trust Self-Insured Workers' Com-
pensation Program)
II. Liability to the Public
a. '�General Liabtlity,, comprehensive 2-1-81 2-1-84
(1) godily injury 500, 000 combined single limit
(2) Property damage 500, 000 combined single limit
(3) Personal injury 500, 000 combined single limit
b. Automobile liability, comprehensive 2-1-81 2-1-84
(1) Bodily injury 500, 000 occurrence
(2) Property damage 500, 000 occurrence
(3) Uninsured motorist 500, 000 occurence
c. Liquor stores' dram shop 1-1-82 1-1-83 500, 000 aggregate per location
d. Umbrella liability 5-19-81 5-19-82 5. 000, 000 aggregate, $10, 000 retained
lim it
III. Loss of Income on City Enterprises
a. Liquor stores 2-1-81 2-1-84 50, 000 per location
b. Public utilities 2-1-81 2-1-84 300, 000
Buildings Content:
Structures (Actual
(Replacement Cash
Cost) Value)
IV. Insurance on City Propert,y
a. Public and institutional property, all risk,
blanket $11,430,200; $100 deductible 90% 2-1-81 2-1-83
co-insurance stated values
(1) Civic center $3, 850, 000 �400, 000
(2) East fire station 414, 000 41, 000
(3) Municipal service garage 850, 000 80, 000
(4) Elevated water towers 3 locations 2, 147, 000 -0-
(5) Park shelter buildings 17 locations 1, 039, 000 44, 000
(6) Pump houses 7 locations 362, 000 108, 000
(7) Lift stations 9 locations 417, 000 22, 000
Meter station 12, 000
(9) Storage building 46, OOQ
(10) putdoor lighting systems 7 locations 254, 200
(11) Liquor store and fire station 391,000 145,000
(12) Leased liquor stores 2 locations 304, 000
(13) Movable properties 154,974
(14) Pedestrian bridge 363,000
(15) picnic shelter 40, 000
Liability Limits
b. Boiler and machinery 2-1-81 2-1-84 $3, 000, 000 per accident
c. Automotive physical damage 2-1-81 2-1-83
(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) �'arious
c. Depositor's forgery 100, 000
°`The compreher.sive 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) I3road contractual liabili[y.
(d) Products liabili[y (e) Public officials liability
_gg_
C ity of B rooklyn Cente r TA BLE 16
SCHEDULE OF CASH AND TEMPORARY CASH INVESTMENTS
December 31, 1981
Cash in Banks:
First Brookdale State Bank, l
Brooklyn Center, Minnesota 62, 598
First National Bank of Minneapolis,
Minneapolis, Minnesota gqg
Temporary Investments:
Intere st
Type Rate Maturity Cost
Certificates of deposit 13. 5Q-17.00% 1982 $3, 625, 000
Savings and Loan certificates 13. 10-16. 75% 1982 204, 400
U. S. Treasury notes 4. 25- 8. 00% 1983-92 227, 016
U. S. Treasury bills 13. 04% 6-24-�82 362, 096
Federal Land Bank bonds 25- 8. 65°jo 1982-87 1, 612, 844
Fe de ral Home L oan Bank
bonds 7.65-15.55°J 1982-87 2, 710, 844
Federal National Mortgage
Association bonds ?.35-13.75% 1982-85 3, 142, 719
Federal National Mortgage
Association discount notes 6.90-18.01% 1982-92 972, 891
Federal Farm Credit Bank
bonds 8. 45-15. 00% 1982 625, 051 13, 482, 861
Interfund borrowings -(temporary improvement notes): 1, 886, 000
Accrued interest on investments 620, 567
Change Funds 4 495
Total Cash and Temporary Cash Investments $16, 056, 900
-100-
i
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1981
Date of Incor oration February 14, 1911
P
Date of Adoption of City Charter No�rember 8, 1966
Effective December 8, 1966
Form of Government Council-Manager
Fiscal Year Begins January 1
Area of City 82 square miles
Miles of Streets:
C ity 102
State 12
C ounty 6
Miles of Storm Sewers 38
Number of Street Lights 922
Building Permits:
Number of Permits Issued:
1981 518
198D 563
1979 606
1978 818
1977 566
1976 568
1975 645
1974 423
1973 390
1972 708
1950 1971 inclusive 12, 763
Estimated Cost:
1981 $16, 190, 205
1979 17, 454, 690
1978 13, 081, 520
1977 6, 228, 087
1976 3, 786, 638
1975 5, 972, 910
1974 6, 968, ].72
1973 5, �10, 140
1972 19, 907, 041
1950 1971 inclusive 161, 132, 483
-101-
City of Brooklyn Center
i MISCELLANEOUS STATISTICAL FACTS
December 31, 1981
Fire Protection:
Number of stations 2
Number of Volunteer Firemen 34
Police Protection:
Number of Stations 1
Number of Employees 58
Vehicle Patrol Units 15
Parks and Recreation;
288 acres developed for regular use. 226 additional acres of City-owned
land designated for parks and playground to be developed.
Full-time employees 18
Pa.rt-time employees 200 (seasonal)
Playgrounds 17
Park shelters 17
Ice skating rinks 17
Hockey rinks 6
Softball diamonds 23
Baseball diamonds 5
Tennis courts 12
Basketball courts 6
Education:
Public Schools:
School Districts within Brooklyn Center (4)
-102-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1981
Education; (continued)
No. 11 No. 286 No. 281 No. 279
(Anoka) (Earle Brown)(Robbinsdale) (Osseo)
Total school buildings 34 2 21 1$
School buildings within
Brooklyn Center 1 2 1 3
'stered 30, 529 1, 327 16, 377 15, ?03
Total students regi
Students from Brooklyn
Center registered 1, 292 1, 327 700 2, 442
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
��1981 assessed valuation 552, 01�, 395 60, 059, 208 579, 616, ?56 375, 854, 936
981 ssessed valuation
1 a
in Brooklyn Center 19, 146, 834 62, 103, 258 52, 879, 958 48, 968, 091
r chial schools 1
Pa o
St. Alphonsus School grade 4- 8- Total Students registered 220
tion rior to fiscal dis arities and tax increment calculations
=�Assessed valua p P
Municipal Water Plant:
Number of connections 8, 225
Average daily consumption 3, 453, 482 gallons
Peak daily consumption 1, 331, 000 gallons
Plant capacity daily 15, 264, 000 gallons
Miles of water mains 109 miles
Number of fire hydrants ?78
Number of wells 7
Number of elevated reservoirs 3
Storage capacity 3, 000, 000 gallons
Water rate per thousand gallons 35�
-103-
City of Brooklyn Center
MISCELLANEOUS STATISTICAL FACTS
December 31, 1981
Municipal Sewer Plant:
Number of connections 8, 426
Miles of sanitary sewer 98
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
1981 sales $2, 477, 236
City Employees:
A s of December 31, 1981
Permanent or re gular 12 6
Temporary of part-time 123
Total 249
Elections:
Registered voters City election 1981 19, 186
Number of votes cast in city election 2, 409
Percentage of registered voters voting 12. 6%
Registered voters last state election 22, 530
Number of votes cast last state election 16, 533
Percentage of registered voters voting 73.4�a
Popula.t ion
1940 1, 8Z0
1950 4, 284
1960 24,356
1965 (special census) 30, 108
1979 35, 173
1980 31, I6?
1981 30, 990
i _l04- I'