HomeMy WebLinkAboutAnnual Audited Financial Report-1970 ANNUAL
AUDITED FII�IANCIAL REPQRT
af the
CITY MANAGER
of
BR04KLYN CENT�R, MINNESOTA
For The Year Ended December 31, 19 7 0
D4NALD G. POSS, CITY MANAGfR
�i
Prepared by
THE DEPARTMENT Of FINANCE
Poul W. Holmlund Director
M�mber of Munici al Finance Officers
I P
Association of fhe United Stat�s and Canada)
'I
City of Brooklyn Center
ANNU_AL FINANCIAL REPORT
For the Year Ended December 31, 1970
TABLE OF CONTENT5
Exhibit Page
Number Number
Certificate of Conformance 1, 2
Listing of City Officials 3, 4
Organization Chart 5
Location of City Properties 6
Letter of Transmittal 7
General Comments 8, 9, 10, 11, 12, 13
Financial Statements 5ection
Auditor's Report 14, 15
Combined Balance 5heet December 31, 1970 1 16, 17
General Fund Statements
Balance Sheet December 31, 1970 2 18
Analysis of Changes in Unappropriated Surplus
Year 1970 3 19
Statement of Revenue Estimated and Actual
Year 1970 4 20, 21
Statement of Expenditures, Appropriations
And Encumbrances Year 1970 5 22, 23
Statement of Expenditures and Encumbrances
Classified as to Activi�y, Character and Object
Year 1970 6 24, 25
i
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31, 1970
TABLE OF CONTENTS
Exhibit Page
Numbe r Numbe r
Special Revenue Funds Statements
Combined Balance Sheet, December 31, 1970 7 26
Combined Analysis of Changes in
Unappropriated 5urplus Year 1970 8 27
Combined Statement of Revenue and Expenditures
Year 19�0 g 28
Capital Proiects Fund Statements
Combined Balance Sheet December 31, 197� 10 29, 30
Combined Statement of Appropriations
and Expenditures Year 197� 11 31, 32
Debt 5ervice Funds Statements
Combined Balance Sheet December 31, 1970 12 33, 34
Combined Statement of Revenue, Expenditures
and Surplus Year 1970 13 35, 36
Special Assessment Funds Statements
Combined Balance Sheet December 31, 1970 14 37, 38
Combined 5tatement of Revenue, Expenditures
and Unappropriated Surplus for Debt Retirement
Yeax 1970 15 39, 40
Statement of Construction Expenditures, Compared
to Appropriations and Assessment of Costs
Year 1970 16 41, 42,
43, 44, 45
City of Brooklyn Center
�,NNUAL FINANCIAL REPORT
For the Year Ended December 3I, 1970
TABLE OF CONTENTS
Exhibit Page
Numbe r Numbe r
�pecial Assessment Funds Statements, Cont'd
5tatement of Long-Term Debt (Principal Amount)
December 31, 1970 17 46
Public Service and Enterprise Funds Statements
Municipal Li uor Fund
q
Balance Sheet December 31, 1970 18 47, 48
Analysis of Changes in Surplus Year 1970 19 49
Statement of Income and Expense Year 1970 20 50, 51
Statement of Long-Term Debt
December 31, 1970 21 52, 53
Public Utilities Fund
Balance Sheet December 31, 1970 22 54, 55
Statement of Operations and Retained Earnings
Year 1970 23 56
Water Department Operating Expenses Year 1970 24 57, 58
Sewer Department Operating Expenses Year 1970 25 59, 60
Summary Statement of Plant and Property and
Provisions for Depreciation
December 31, 1970 26 61, 62
Statement of Long-Term Debt
Bonds Payable and Contracts Payabls
December 31, 1970 27 63, 64
65, 66
-City of Brooklyn Center
ANNUAL FINANCIAL REPORT
Eor the Year Ended December 31, 1970
TABLE OF CONTENTS
Exhibit Page
Numbe r Numbe r
Trust and A�ency Funds Statements
Combined Balance Sheet December 31, 1970 28 67, 68
Combined Statement of Revenue, Expenditures
and Fund Balances Year 1970 29 69 70
Investment Trust Fund (A fund to accomodat� the invest-
ment of temporary cash surpluses)
B ce Shee December 31 1 70 30 71
alan t 9
Statement of Earnings Year 1970 31 72
Changes in Participating Fund Balances Year 1970 32 73
General Fixed Assets and General Long-Term Debt
Summary Statement of General Fixed Assets
December 31, 1970 33 74, 75
Summary Statement of General Long-Term
Debt and Interest December 31, 1970 34 76
5chedule of General Long-Term Debt and
Interest by Maturities December 31, 1970 35 77, 78
Notes to Financial 5tatements
Note 1 All Funds 79
Note 2 Special Assessment Funds 79, 80
Note 3 Municipal Liquor Fund 80
Note 4 Municipal Liquor Fund 81
Note 5 Public Utilities Fund 81, 82
Note 6 Public Utilities Fund 82, 83
Note 7 5ummary 5tatement of General Long-Term Debt and
Inte re st 83
Note 8 All Funds 83, 84
City of Brooklyn Center
ANNUAL FINANCIAL REPORT
For the Year Ended December 31 1970
TABLE OF CONTENT5
Page
Schedule Number
5tatistical Information Section
Assessed Value and Estimated True Value and
Market Value of All Taxable Property by Budget
Years 1 85, 86
Tax Rates and Tax Levies
Years 1950 Through 1971 II 87� g8
Notes to Tax Rates and Tax Levies III 89
Tax Levies and Tax Collections
Years 1961 Through 1970 IV 9�, 91
Special Assessment Collections
Years 1961 Through 1970 V 92. 93
Revenues Other Than Property Taxes
and Special Assessments
Years 1961 Through 1970 VI 94, 95
Expenditures for Selected Functions
Years 1961 Through 197� VII 96
Ratio of Net B onded Debt to A s se s sed
Value and Net Bonded Debt Per Capita
Years 1961 Through 1970 VIII 97, 98
Statement of Legal Debt Margin
December 31. 1970 IX 49
Computation of Direct and Overlapping Debt
December 31, 197� X 100
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures
Last Ten Years XI 101, 102
cc'��dule of Revenue Bond Coverage
Last Ten Years XII 103, 104
Miscellaneous 5tatistical Facts XIII 105, 106,
107
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THB UNITED STATES AND CANADA
�Cc�tific� r�jat
THE ANNUAL FINANCIAL REPORT OF
l��e Cit of Bro okl n Cen teY Minn es�ta
v y
�or the Year. �nded De�ember31,1966
SUBSTANTIALLY CONFORMS `TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
f�unici�ai ,�'inaYtcc �ffucr�c S�g�acociation
1 AND THE
,�ationar �Contmittcc on iobcr�tmcritai �uou�ting
t�a s
Praen eptember 1�j,1�j67. Ciorww, Ce�irur w. dce.�w�
L��
CITY OF BROOKLYN CENTER, MINNESOTA
I
CERTIFICATE OF CONFORMANCE
�Jn September 19, 1967, the MUNICIPAL FINANCE OFFICERS ASSOCIATION OF THE
UNITED STATES AND CANADA certified that the Annual Audited Financial Report of the
City of Brooklyn Center, Minnesota For The Year Ended December 31 1966 conformed to
the principles and standards of public financial reporting as promulgated by the Municipal
Finance Officers Association and the National Committee on Governmental Accounting.
A Certificate of Conformance is awarded by the Municipal Finance Officers Association I
of the United States and Canada only to the governmental unit whose financial report is I
judged to conform substantially to the high standards for financial reporting established by
the Association. These standards are contained in publications of the National Committee
on Governmental Accounting.
We believe our present annual report for the year ended December 31, 197 continues
to conform substantially to such standards.
DEPARTMENT OF FINANCE
CITY OF BROOKLYN CENTER
City af Brooklyn Center
LISTING OF CITY OFFICIALS
For the Year Ended December 31, 1970
Elected Officials
Term of Office Term Expires
Mayor Philip Cohen Two Years 12-31-71
Councilxnan Howard Heck Three Years 12-31-72
Councilman John Leary Three Years 12-31-73
Councilman Theodore Willard Three Years 12-31-71
Councilman Vernon Ausen Three Years 12-31-72
Officials Not Elected
City Manager ponald G. Poss
City Clerk Allen S. Lindman
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Adrninistrative Assistant Thomas Loucks
Department Heads:
Finance Paul W. Holmlund
Public Works James Merila
Police Thomas G. O'Hehir
Fire Donald Mason
Protective Inspection Jean R. Murphey
Civil Defense Edwin Coleman
Parks and Recreation Eugene Hagel
Assessment John Nordberg
Liquor Stores Truman Nelson
StreEt Superintendent Henry Davis
Public Utilities Superintendent Frank Smith, Jr.
Recreation 5uperintendent Arnold Mavis
Assistant City Engineer Gerald Butcher
Health Officer f�. I. Shragg, M. D.
Fire Marshall Robert Cashman
I
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City of Brooklyn Center
LISTING OF CITY OFFICIALS
At May 28, 1971
Elected Officials
Term of Office Term Expires
Mayor Philip Cohen Two Years 12-31-71
Councilman Howard Heck Three Years 12-31-72
Councilman John Leary Three Years 12-31-73
Councilman Theodore Willard Three Years 12-31-71
Councilman Vernon Ausen Three Years 12-31-72
Officials Not Elected
City Manager ponald G. Poss
City Clerk Allen S. Lindman
City Treasurer Paul W. Holmlund
City Attorney Richard Schieffer
Administrative Assistant Thomas Loucks
Administrative Assistant Blair Tremere
Department Heads:
Finance Paul W. Holmlund
Public Works James Merila
Police Thomas G. O'Hehir
Fire Donald Mason
Protective Inspection Jean R. Murphey
Civil Defense Edwin Coleman
Parks and Recreation Eugene Hagel
Assessment John Nordberg
Liquor Stores Truman Nelson
Street Superintendent Henry Davis
Public Utilitie s Superintendent F rank Smith, J r.
Recreation Superintendent Arnold Mavis
Health Officer R. I. Shragg, M. D
Fire Marshall Robert Cashman
Sanitarian Martin Winston
I
ORGANIZATION CHART, COUNCIL MANAGER PLAN CITY OF BROOKLYN CENTER, MINNESOTA
CHARTER COMMISSION
ELECTORATE
ADVISORY
Capital Improvements Review Bd
CITY COUNCIL
ADVISORY Mayor CITY ATTORNEY
Conservation Commission 4 Councilmen
Administrative Assistant
ADVISORY City Clerk
Human Rights Commission �CITY MANAGER Purchasinq Officer
ADVISORY Administrative Assistant
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YouthAdvisory Commission Planning
i n
ADVISORY Administrative Assistant
Planning Commission Research
ADVISORY
Park and Recreation Commission
M i�� r �r
DIRECTOR DIRECTOR HEALTH CHIEF CHIEP MANAGER DIRECTOR ASSESSOR
Park �.ity Treasurer INSPECTOR Volunt�er Liquor Civil Tax
Recreation Finance SANITATION Protective Fire Store Defense Assessment
Department Department Inspection Dept Department
CHIEF DIRECTOR
Police Dept. Public Works De�t.
M y
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Patrol Administrative Detective City Engineer Superintendent Superintendent
I3ivision Division Division Eng ineering Street Public Utilities
Division Division Division
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S
CITY
OF ADMINIS�'RATtVE OFf ICE
UOKLYN 6301 SHINGLE CREEK PARKWAY
BROOKLYN CENT�R, MINNESOTA 55430
TER TELEPHONE 561-5440
C E�v
MINNEAPOLIS
i 1 June 18, 1971
I
To the Mayor and Council
City of Brooklyn Center, Minnesota
Gentlemen:
Section 7.12 of the Ci Charter re uires t e Cit M
t y q h y a n a g e r
to submit an audited report to the Council covering the entire
financial operations of the City for the past year on or before the
last day of June. A summary of that report shall be published in
the official city newspaper on or before July 31 of each year.
The annual audited financial report of the City for the year
ended December 31, 1970 prepared by the Department of Financs
under my general supervisien, is submitted for your consider�tion.
The summary of the report will be published in thE Brooklyn Center
Post on july 22, 1971.
ectfully abmi��'a
Donald G, o s s
City Manager
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,'l��r��ytrn� �c� 1�F� ='���rfi�te
City of Brooklyn Center
GENERAL COMMENTS
Or�anization
Brooklyn Center was incorporated as a Village on February 14, 1911,
and became a City of the second class on December 8, 1966 thirty days from
the adoption of the City Charter by a referendum vote of the people.
The form of government established by the Charter is the "Council-
Manager Plan". The Council exercises the legislative power of the City and
determines all matters of policy. The Council is composed of a Mayor and
four Councilmen who are elected at large. Each Councilman 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 finances of the City as the Council may
require.
The offices of City Clerk and City Treasurer are subordinate to and
appointed by the City Manager. The City Clerk has duties in connection with
the keeping of the public records. The City Treasurer has duties in connection
with the receipt, disbursement and custody of public funds.
The Cit Attorne is a ointed by the Council. A11 other officers and
Y Y PP
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.
g
City of Brooklyn Center
GENERAL COMMENTS
Financial Control and the Bud�et
The City Charter grants the City Cauncil full authority over the
financial affairs of the City. The Charter requires that all funds of the
City except funds made up of proceeds of bond issues, public service
enterprise funds, and special assessment funds, be budgeted. The City
Manager is charged with the responsibility of preparing the estimates of
the annual budget and the enforcement of the provisions of the budget as
specified in the budget resolution. Upon adoption af the annual budget
resolution by the Council it becomes the formal bud et for Cit o erations,
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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 finan ial s a us an h h
c t t d measure t e effectiveness of t e budgetary
controls.
Governmental budget procedures are not used in connection with the
liquor stores or public utilities operations, because these operations are
primarily of commercial nature and employ eoncepts peculiar to revenue
producing entitites.
A summary of the budget document as originally adopted (prior to
subsequent amendments) for the calendar year 1970 follows:
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City of Brooklyn Center
GENERAL COMMENTS
.Financial Control, Cont'd
Proposed Expenditures (Public Service Enterprises Excluded)
City operations (General Fund) $1, 497, 063
Poor relief 8, 000
Firemen's Relief Association 43 496
Debt service 301, 233
Public Employees' Retirement 67, 000
Policemen's Pension Fund 61, 000
Capital Projects Fund 65, 000
Total Proposed Expenditures $2, 042, 792
Proposed Source of Financin�
Taxation (see summary of taxation presented below) $1, 111, 126
Shared taxes (state and federal) 373, 737
Civil Defense reimbursement 4, 783
Local revenues:
Liquor stores $135, 000
Permits, penalties, licenses and
fines 94, 500
Engineering and clerical fees 60, 000
5ervices to public utilities fund 13, 320
Recreation receipts 27, 175
Services and other 48, 219
Rent 11, 000 389, 214
Transfers of Surplus:
General Fund surplus $140, 121
Liquor Fund surplus 23, 811 163, 932
Total Proposed Financing $2, 042, 792
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City of Brooklyn Center
GENERAL COMMENTS
Financial Control, Cont'd
Ad valorem tax levies for the current year 1970 and for the two previous
years (1969 and 1968) are summarized and presented below:
�970 19b9 1968
Mill Rate Amount Mill Rate Amount Mill Rate Arnount
Tax Levy
City operations 25. 98 581, 897 31. 18 653, 882 37. 58 $631, 987
Poor relief 36 8, 000 20 000 42 7, 000
Firemen's Relief
Association 1. 95 43, 496 1. 78 37, 320 2. 18 36, 706
Debt service 12. 72 284, 733 2. 67 55, 497 4. 43 74, 378
Public Employees'
Retirement 3. 00 67, 000 3. 02 63, 400 4. 55 76, 567
Policemen's Pension
Fund 2. 73 61, 000 2, 55 53, 443 2. 51 42, 169
Capital Projects 2. 91 65, 000 9. 54 200, 000
Total Levy 49. 65 $1, 111, 126 50. 94 $1, 067, 542 51. 67 $868, 807
1970 1969 1968
Assessed Valuation
Real estate $20, 639, 380 $19, 340, 587 $15, 242, 320
Personal property 1, 609, 737 1, 603, 159 1, 574, 574
Total Assessed
Valuation $Z2, 249, 117 $20, 943, 746 $16, 816, 894
a h D
The financial condition of e c fund as of ecember 31, 1970, and the
results of each fund's operations for the year, together with a comparison of
these results to budget estimates, is presented within the financial statements
section of this report.
The City carries surety bonds on the positions of: City Manager, Clerk,
Treasurer, Assessor, Deputy Assessor, Liquor 5tore Manager and Assistant
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City of Brooklyn Center
GENERAL COMMENT5
Financial Control, Cont'd
Manager. In addition, the City is covered by an Honesty Blanket Pr�si.tion
bond on all other City employees.
GeneralOperations
The City, in addition to the usual activities such as: general
governrnent, public safety and welfare, highways, recreation and parks;
operates three off-sale liquor stores and public sewer and water utilities.
Net revenues produced in excess of working capital requirements by
municipal liquor store operata.ons have been used towards financing current
expense and capital outlay programs of the City General Fund.
The net revenues of the sewer and water utilities have been retained
within the Public Utilities Fund and employed for sewer and water utility
purposes.
Accountin� System
The accounting for all activities of the City is divided into various
purpose groups or funds as required by statute and/or good accounting practice.
Except for minor variances, all funds are maintained on an accrual basis and
in conformity with generally accepted accounting principles applicable to
governmental entities as set forth by the National Committee On Governmental
Accountin�.
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Cit of Brookl n Center
V V
GENERAL COIVIMENTS
Accounting System, Cont'd
The accounts of the City are classified in conformance with classifi-
cations prescribed by the Public Examiner's office (Classification of Accounts
for Use by Fiscal Officers in Cities and Villages as issued pursuant to Minnesota
Statutes 5ection 215. 10). The accounting system used for the Public Utilities
Fund is ado ted from a system s ecifically designed for municipally-owned
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utilities by the American Water Works Association and is permissible under
the Examiner's order establishing account classifications for municipalities.
Accountin and bookkee in for all Cit activities are centralized
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under the Departxnent of Finance. The responsibility for maintaining and pre-
scribing all financi�.l records, establishing and maintaining internal control,
1 an b s is 1 ed o this de artxnent
and preparing financia d udgetary report de egat t p.
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�'INANCIA L
5 T A T E M E N T S
S E C T I O N
MOEN PENTTILA
CERTIFIED PLLBLIC ACCOUNTANTS
12f0 GLENWOOD AVENUE
MINNEAPOLIS, MINNESOTA 55405
DIAL 377.8180
To the City Council
City of Brooklyn Center, Minnesota
Gentlemen:
We have examined the financial statements of the various funds of the
City of Brooklyn Center as of December 31, 197 and for the calendar year
then ended. Our examination wa s made in accordance with generally accepted
auditing standards, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary in the
circumstances.
Audit Defined
In accordance with the terms of our engagement, we conducted
a"Limited General Audit" wh ich is defined as an "examination
which consists of a review of internal control and accounting pro-
cedures and the details of all records (including subsidiary records
and supporting data) as to mathematical accuracy, propriety and
completeness of all transactions, on a test basis. This type of
audit.presumes that the auditor is expected to render an opinion
subject to such qualifications as may seem necessary) concerning
all of the transactions and records even though he has not examined
all of them in detail.
Scope of Examination
Our examination covered all financial transactions and funds
of the City as included in the records maintained by the
Department of Finance.
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City Council
Brooklyn Center
In our opinion, the accompanying balance sheets and related
statements of revenue, expenditures and surplus (Exhibits 1 through 35),
together with the notes appended thereto, present fairly the financial
position of the various funds of the City of Brooklyn Center on December 31,
1970, and the results of their operations for the year then ended, in conformity
with generally accepted governmental accounting principles, applied on a
basis consistent with that of the preceding year.
Respectfully submitted,
p��
Oiva Penttila
Certified Public Accountant
MOEN PENTTILA
Field work completed May 15, 1971
Report signed June 1, 1971
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C'ombined
Explanation Total
Note 1)
Assets and Resources
Cash on hand and in depositories 103, 587
Temporary investments 7, 007, 028
Accounts receivable 99, 300
Contract receivable 85, 981
Accrued revenue 161,201
Due from other funds 537, 438
Uncollected dedicated funds 279, 000
Monies on deposit with 5tate of Minnesota 64, 773
Taxes receivable 61, 966
Special assessment receivables 5, 624, 733
Cash held by paying agents for debt and interest 799, 474
Inventories and supplies 147, 780
Securities held for investment 4, 980, 832
Prepaid expenses and deferred charges 47, 313
Fixed assets (net of depreciation where applicable) 22, 402, 886
Unassessed construction 92�, 907
Amount available general debt and interest 66, 809
Amount to be provided general debt and interest 6, 455, 702
Totals $49, 846, 710
Liabilitie s
Vouchers and accounts payable 185, 526
Accrued sales tax payable 4 679
Contracts payable 1, 701, 921
Assessments payable 293, 197
Accrued expenses 113,920
Due to other funds 537, 438
Construction and debt redemption loans payable 716, 000
Customer and contractor deposits 255, 858
Bonds and certificates payable 11, 448, 984
Due funds participating in investment trust 5, 039, 224
Interest payable in future years (general debt) 2, 618, 832
Total Liabilities $22, 915, 579
Surplus, Reserves and Fund Balances
5urplus and surplus reserves set aside 3, 500, 852
Contributed surplus 9 369 224
Investment in general fixed assets 11, 884, 297
Unexpended appropriations, authorizations and balances 2, 176, 758
Total Surplus, Reserves and Fund Balances $26, 931, 131
Totals $49, 846, 710
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City of Brooklyn Center Exhibit 1
COMBINED BALANGE SHEET ALL FiJND5 AND GROUPS (CONDENSED FORM)
December 31, 1970
Special Capital Debt Special Municipal Public General General Debt
G.eneral Revenue Projects Service Assessment Liquor Utilities Agency Investment Fixed Assets and
Fund Funds Funds Funds Funds Fund Fund Funds Trust Fund Group Interest Group
(Exhibit 2) (Exhibit 7) (Exhibit 10) (Exhibit 12) (Exhibit 14) (Exhibit 18) (Exhibit 22) (Exhibit 28) (Exhibit 30) (Exhibit 33) (Exhibit 34)
28, 625 1, 043 l, 017 180 3, 728 28, 970 27, 504 6, 536 5, 984
489, 481 85, 235 2, 695, 395 50, 776 l, 726, 565 59, 773 1, 660, 326 239, 477
26, 273 5, 066 177 67, 784
85,981
4,299 57,952 4,058 94,892
28,253 968 6,239 319,705 11,973 166,523 2,727 1,050
279,000
64, 773
40, 546 523 4, 012 9, 614 7, 271
5, 528, 768 95, 965
622,184 18,084 47,888 111,318
9,050 126,859 11,871
4. 980, 832
3,903 39,214 2,583 1,613
2,675 10,515,914 $11,884,297
920,907
66,809
6, 455, 702
$626,131 $177,081 $3,045,165 6b,809 $9,166,137 $251,094 $12,653,340 $260,069 $5,082,758 $11,884,297 $6,633,829
63,121 2,035 52,979 36,109 31,264 18
4,679
902,906 96,300 702,715
293, 197
90, 262 3, 110 20, 548
32, 358 1, 300 295, 617 201, 465 1, 570 5, 128
117,000 599,000
212, 342 43, 516
6, 822, 184 30, 000 875, 000 3, 721, 800
5, 039, 224
2, 618, 832
95,479 3,335 $1,315,523 $7,809,2i1 92,338 1,851,842 31,264 �5,082,758 $6,633,829
$530,652 $173,746 51,698 924,921 $158,756 1,432,274 $228,805
9,369,224
$11,884,297
I 1,677,944 66,809 432,005
$530,652 $173,746 $1,729,642 66,809 $1,356,926 $158,756 $10,801,49g $228,805 $11,884,297
$626, 131 $177, 081 $3, 045, 165 66, 809 $9, 166, 137 $251, 094 $12, 653, 340 $260, 069 $5, 082, 758 $11, 884, 297 $6, b33, 829
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-17-
Exhibit 2
City of Brooklvn Center
General Fund
BALANCE SHEET
December 31, 1970
ASSETS
Assets
Cash on hand and in depositories 2$, 625
Temporary investments 489, 481
Accounts receivable 26, 273
Due from other funds 28, 253
Taxes receivable:
Real estate and personal property taxes:
Levied during 1969, collectible in 1970 13, 524
Prior years' levies 27, Q22 40, 546
Inventories of supplies:
Materials and su�plies 7, 709
Small tools 1, 341 9, 050
Expenditures deferred 1971 budget 3, 903
Total $626, 131
LIABILITIES, RESERVE5 AND SURPLUS
Liabilitie s
Vouchers payable 63, 121
Due to other funds 32, 358
Total Liabilities 95, 479
5urplus
Reserve for 1970 budget encumbrances 51, 494
Reserve for imprest cash and prepaid or deferred
expenditures 13, 403
Unappropriated surplus (Exhibit 3) 465, 755
Total Surplus 530, 652
Total $626, 131
(5ee notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-18-
Exhibit 3
City o£ Brooklyn Center
General Fund
ANALYSIS OF CHANGES IN UNAPPROPRIATED 5URPLUS
Year 1970
Actual
Budget Over (Under)
Actual Estimate Estimate
Unappropriated Surplus January 1, 19.70 553, 072 553, 072 -0-
Add:
Revenue (Exhibit 4) 1, 452, 963 1, 402, 517 50, 446
Total Ba�ance and Additions $2, 006, 035 $1, 955, 589 50, 446
Deduct:
Expenditures (Exhibit 5) $1, 484, 093 $1, 574, 465 90, 372)
Encunnbrances (Exhibit 5) 51, 494 51, 494
Increase in reserves for assets set
aside for specific use 4 693 4, 693
Total Deductions $1, 540, 280 $1, 574, 465 34, 185)
Unappropriated Surplus, December 31,
197.0
465, 755 381, 124 84, 631
5ee note s to financial statements
This statement is an integral part of report dated May 15, 1971.
i
t
-19-
City of Brooklyn Center Exhibit 4
General Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1970
A ctual
Budget Over (Under)
Actual E stimate E stimate
T axe s
Real estate and persanal property taxes $581, 932 $581, 897 35
Penalties and interest on tax bills 10, 076 10, 000 76
Total Taxes $592, 008 $591, 897 111
Licenses and Permits
Business licenses and permits:
Food 1,939
Malt 2, 444
Cigarette 905
Heating 820
Vehicle 1, 050
Service station 527
Gas piping 537
Taxicab 243
Garbage haulers 589
Fire alarm 138
Burglar alarms 2
Bowling alley 300
All other business licenses permits 1, 005
Total Business Licenses Permits 10 499 13, 000 2, 501)
Non-Business Permits:
Building 15, 516
Electrical 7, 612
Plumbing 4, ?32
Heating 5, 348
Sewer and water 1, 990
All other non-business permits 4, 162
Total Non-Business Permits 39, 360 36, 500 2, 860
Court Fines 57, 970 35, 000 22, 970
Grants Federal 43, 725 33, 675 10, 050
Shared Taxes
Sales $239, 100 $238, 757 343
Cigarette taxes 58, 711 58, 108 603
Liquor taxes 49, 979 47, 872 2, 107
Gasoline (State Aid Road Maintenance) 21, 270 22, 000 730)
Mortgage registry, mobile hornes and
bank excise 7, 299 7, 000 299
Total Shared Taxes $376, 359 $373, 737 2, 622
-20-
Exhibit 4
City of Brooklyn �enter Cont'd
G ene ral Fund
STATEMENT OF REVENUE ESTIMATED AND ACTUAL
Year 1970
Actual
Budget Over (Under)
Actual E stimate E stimate
Char�es for Current ServicES
Recreation 38, 057 37, 175 882
5ale of maps, assessment searches,
etc. 1, 704 1, 700 4
Zoning and special use permits 1, 337 800 537
Platting fees 312 100 212
Total CharQes far Current Services$ 41, 410 39, 775 1, 635
Char�es to Other Funds
Engineering and clerical fees 55, 568 60, 000 4, 432)
Public Utilities Fund rent and
administration) 13, 320 13, 320 -0-
Liquor Fund (heat and light) 660 660
Total Char�es to Other Funds 69, �48 73, 320 3, 772)
Othe r
Interest income 31, 159 9, 000 22, 159
Civil Defense reimbursement5 3, 165 4, 783 1, 618)
Rental of prope rty 2, 183 ?00 5, 517)
Refunds and reimbursements 10, 827 22, 519 11 692)
Police towing fee s 2, 644 1, 300 1, 344
Sale of proper�y 1, 300 -0- 1, 300
Other income 11, 030 1, 500 9, 530
Total Other 62, 308 46, 802 15, 506
Transfers In
Municipal Liquor Fund 158, 811 158, 811 -0-
Debt Service Sta�e Loan Fund 965 -0- 965
Total Transfers In 159, 776 158, 811 965
al R n 1 4 2 63 402 517 50 446
Tot eve ue 5 9 $1,
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-21-
1 70 Bud et A ro�pria�ions
9 PP
Original Amendments Durin� 1970
1970 Bud�et Increases Decreases
General Government
Mayor and Council 38, 953 5, 000 20, 623
Election vater registration 4, 024
Finance Administrative Office 129, 903
Assessor 34,518 3,500
Accounting internal
audit 33, 691
Independent audit 7, 000
Lega1 22, 588 3, 423
Charter Commission 1, 500
General government buildings 31, 910
Total General Government 304, 087 11, 9�3 20, 623
Public 5afety and Welfare
Police protection 394, 897 5, 000
Fire protection 34, 30b 3, 225
Protective inspection 45, 201
Civil defense 11, 815
Animal control 7, 000 1, 700
Regulations and inspections 9, 800
Nursing service 8, 882
Library building 6, 780 1, 900
Weed eradication -0-
Total Public Safetv Welfare 518, 681 6, 825 5, 000
Hi�hways
Engineering 109, 219 3, 500
5treet department 229, 376
Maintenance shop 53, 365
Street lighting 37, 000 2, 000
Total Hi�hways 428 960 2, 000 3, 500
Recreation Parks
5upervision of recreation 130, 384 9� 500
Adult programs 11, 950 9, 000
Summer playgrounds 17, 645 5, 000
Summer programs 24, 811
Fall and winter sports 21, 750
Park maintenance improvement 38, 795 71, 537 9, 260
Total Recreation 245, 335 95, 037 9� 260
Grand Total $1, 497, 063 115, 785 38, 383
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-22-
GitV of Brooklyn Center Exhibit 5
General Fund
S.TATEMENT OF EXPENDITURES, APPROPRIATIONS AND ENCUMBRANCES
Year 1970
Expenditures and Encumbrances (Over Expended)
Final 1970 Dec. 31, 1970 Under Expended
1970 Bud�et Expenditures Encumbrances Appropriations
23,330 20,333 2,997
4, 024 3 325 699
129,903 123,591 98 6,214
38, 018 36, 606 1, 412
33 691 32, 067 1, 624
7,000 6,686 314
26, O11 25, 094 917
1, 500 -0- 1, 500
31, 910 31, 206 393 311
295, 387 278, 908 491 15, 988
t 389, 897 379, 155 5, 221 5, 521
37, 531 36, 541 482 508
45, 201 45, 320 119)
11,815 10,616 30 1,169
8,700 8,518 182
9,800 7,448 2,352
8, 882 8, 882
8,680 7,690 22 968
-0- 1, 537 1, 537)
520, 506 505, 707 5, 755 9, 044
105,719 102,919 111 2,689
229,376 203,852 250 25,274
53,365 59,8g3 1,683 8,201)
39,000 38,919 �1
427, 460 405, 573 2, 044 19, 843
139, 884 143, 578 4 3, 698)
20, 950 20, 828 122
22,645 22,939 294)
24, 811 23, 868 943
21, 750 21, 587 120 43
201, 072 61, 105 43, 080 3, 113)
331, 112 293, 905 43, 204 5, 997)
$1, 574, 465 $1, 484, 093 51, 494 38, 878
-23-
Total
Encumbrances Total
and Current Personal
Expenditures Expense Services
General Governm.ent
Mayor and Council 20, 332 20, 332 9, 600
Elections voter registration 3, 325 2, 134 2, 045
Finance Administrative Office 123, 691 123, 356 75, 250
Assessor 36,607 36,477 32,641
Accounting internal audit 32, 067 31, 747 31, 605
Independent audit 6, 686 6, 686 6, 686
Legal 25, 095 25, 095 24, 470
General government buildings 31, 601 27, 721 14, 029
Total General Government 279, 404 273, 548 196, 326
Public Safety and Welfare
Police protection 384, 376 371, 879 351, 404
Fire protection 37, 023 28, 914 23, 351
Protective inspection 45, 320 45, 320 43, 6�0
Civil defense 10, 646 9, 303 4, 938
Animal control 8, 518 8, 518 8, 518
Regulations and inspections 7, 448 7, 448 7, 448
Nursing 8, 882 8, 882 8, 882
Library building 7, 712 7, 712 5, 600
Weed eradication 1, 537 1, 537 1, 537
Total Public Safetv Welfare 511, 462 489, 513 455, 308
Hi �hways
Engineering 103, 029 99, 964 97, 616
Street department 204, 103 186, 240 160 967
Maintenance shop 61, 565 49, 151
5treet lighting 38, 918 38, 918
Total Hi,�hways 407, 615 374, 273 258, 583
Recreation and Paxks
Supervision of recreation 143, 581 140, 876 134, 875
Adult programs 20, 828 20, 828 10, 434
Summer playgrounds 22, 939 22 939 19, 436
Summer programs 23, 868 23, 868 17, 204
Fall and winter sports 21, 70? 21, 707 14, 155
Park maintenance improvement 104, 183 25, 361
Total Recreation 337, 106 255, 579 196, 104
�rand Total 1 535 587 1 3 2 13 1 106 321
9 .9
(5ee notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-24-
City of Brooklvn Center Exhibit 6
General Fund
STATEMENT OF E�PENDITURES AND ENCU1vIBRANCES
C LASSIFIED AS TO AC TIVIT Y, CHARAC TER AND OBJEC T
Year 1970
Current Expense Classification Capital Expenditures
Contractual CapitalOutlay Classification
Services Commodities Other Expenditures Land Equipment
4,921 5,811
89 1,191 1,191
20, 662 9, 582 17, 862 335 335
1,424 1,906 506 130 130
142 320 320
625
10,895 2,756 41 3,880 3,600 280
38, 527• 14, 244 24, 451 5, 856 3, 600 2, 256
4, 895 8, 008 572 12, 497 12, 497
3,377 1,076 1,110 8,109 8,109
1, 690
1, 554 l, 092 1, 719 1, 343 1, 343
1, 332 780
11,158 10,956 12,091 21,949 21,949
42 1,832 474 3,065 3,065
24,929 344 17,863 17,863
1, 751 43, 553 3, 847 12, 414 12, 414
38,918
40,711 70,314 4,665 33,342 33,342
3, 797 582 1, 622 2, 705 2, 705
10,394
3, 503
6, 664
7, 552
q,362 15,726 273 78,822 62,277 16,545
13,159 44,421 1,895 81,527 62,277 19,250
$103,555 $139,935 43,102 $142,674 65,877 76,797
-25-
Exhibit 7
Citv of Brooklvn Center
5pecial Revenue Funds
COMBINED BALANCE SHEET
December 31, 1970
Group Park Library
Combined Poor Training Concessions Sales t
Total Fund Fund Fund Fund
AS5ETS
C h n h an in e osi o ies 043 7
as o and d d p t r 1, 2$ 63 939 14
Temporary investments 85, 235 26 1, 872 83, 337
Taxes receivable:
Real estate and personal property:
Levied during 1969, collectible
during 1970 133 133
Prior years' levies 390 390
Contract receivable sale of
library 85, 981 85, 981
Accrued interest receivable
library contract 4 299 4, 299
Totals $177, O81 576 63 2, 811 $173, 631
LIABILITIES, RESERVES AND SURPLUS
Vouchers payable 2,035 2,035
Due to other funds 1, 300 1, 300
Unappropriated surplus (Exhibit 8) 173, 746 2, 759) 63 2, 811 $173, 631
Totals $177, 081 576 63 2, 811 $173, 631
5ee notes to financial statements
This statement is an integral part of report dat�d May 15, 1971.
-26-
Exhibit 8
City of Brooklyn Center
Special Revenue Funds
COMBINED ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
Year 1970
Croup Park Library
Gombined Poor Training Concession Sales
Total Fund Fund Fund Fund
Unappropriated surplus,
Januarv 1, 1970 $167, 623 1, 421 63 1, 751 $164, 388
Add: Revenue (Exhibit 9) 22, 592 8, 089 5, 260 9, 243
Deduct: Expenditures and
encumbrance s
(Exhibit 9) 16, 469) 12, 269) 4, 200)
Unappropriated Surnlus,
December 31, 1970 $173, 746 2, 759) 63 2, 811 $173, 631
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-27-
Exhibit 9
�ity of Brooklyn Center
�pecial Revenue Funds
COMBINED STATEMENT OF REVENUE5 AND EXPENDITURES
Year 1970
Park Library
Combined Poor Concessions Sales
Total Fund Fund Fund
Revenue
General property tax special
ad valorem levy 8, 063 8, 063
Interest earned on contracts
receivable 4, 299 4, 299
Concessions receipts 5, 159 5, 159
Interest earned on temporary
invegtments 5, 071 26 101 4, 944
Total Revenue 22, 592 8, 089 5, 260 9, 243
Expenditures
Subsistence, care and support
payment 6, 797 6, 797
Administrative, charge 5, 472 5, 472
Purchases for resale 4, 200 4, 200
Total Expenditures 16, 469 12, 2b9 4, 200 -0-
Excess of Revenue Over
Expenditures 6, 123 4, 180) 1, 060 9, 243
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-28-
C ombined
Total
ASSET5
Cash in bank 1, 017
Taxes receivable 4, 012
Due from other funds 968
Temporary investments 2, 695, 395
Monies on deposit with State of Minnesota 64, 773
Uncollected dedicated funds at 12 /31 /?0
Special Assessment Fund surpluses to be
transferred 1971 1972 1973 229 ,000
Estimated revenues 1972 50, 000
Totals $3, 045, 165
LIABILITIES AND SURPLUS
Due to other funds 295, 617
Contract and vouchers payable 902 906
Construction loan payable 117, 000
Reserve for authorized
expenditures (Exhibit 11) 1, 677, 944
Unappropriated surplus 51 698
Totals $3, 045, 165
I
(See notes to financial statements)
This statement is an inte ral art of re ort dated Ma 15, 1971.
g P A Y
-29-
Exhibit 10
City of Brooklyn Center
Capital Projects Funds
COMBINED BALANCE 5HEET
December 31, 1970
Municipal
Certificates Certificates State Aid
of of for
Library Indebtedness Indebtedness Highway Capital
Bonds #10 #11 Construction Projects
46 440 531
4, 012
968
1, 976 761 402 1, 626, 413 1, 065, 843
64, 773
229, 000
50,000
2, 022 761 402 $1 691, 626 $1, 350, 354
i
279, 789 15, 828
902, 906
117, 000
1, 363, 324 314, 620
2,022 761 402 48,513
2,022 761 402 $1,691,626 $1,350,354
-3Q-
Combined
Total
Reserve for Authorized Expenditures
General obligation issues
bonds sold during 1966 250, 000
bonds sold during 1969 2, 250, 000
bonds sold during 1970 1, 030, 000
C e rtificate s of indebtedne s s
sold during 1966 44, 000
sold during 1967 9, 500
5tate aid for highways
from 1969 and prior years 534, 270
from 1970 189,736
Transfers from other funds 90, 000
Interest on temporary investments 256, 748
Ad valorem taxes 265, 243
5ale of property 37, 543
Dedicated funds appropriated as of 12 /31 /70 279, 000
Total Amount Appropriated $5, 236, 040
Less: Expenditures for authorized purposes:
Year 1964 12, 779
Year 1965 197, 074
Year 1966 61, 222
Year 1967 29,483
Years 1968, 1969 and 1970
Street construction 390, 680
Civic center 1, 905, 623
Municipal service garage and fire station (East) 656, 201
Parks and playgrounds 252, 090
Legal and vacating costs 1, 246
Total Expenditures $3, 506, 398
Reserve for Authorized Expenditures December 31, 1970 $1, 677, 944
Unappropriated Surplus December 31, 1970 51 698
(5ee notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-31-
Citv of Brooklvn Center Exhibit 11
Capital Proiects Funds
COMBINED STATEMENT OF APPROPRIATION5 AND EXPENDITURES
Year 1970
Municipal
Certificates Certificates State Aid
of of for
Library Indebtedness Indebtedness Highway Capital
Bonds #10 #11 Construction Projects
$250,000
$2,250,000
$1,030,000
44,000
9, 500
534,270
189, 736
90,000
1,262 187 40 48,511 206,748
265, 243
37, 543
279,000
$251, 262 44, 187 9, 540 $1, 802, 517 $3, 128, 534
12, 779
197, 074
30,863 30,359
7,278 13,067 9,138
390, 680
$1, 905, 6Z3
656,201
252, 090
1, 246
$Z49,240 43,426 9,138 390,680 $2,813,914
$1, 363, 324 314, 620
2,022 761 402 48,513 -0-
i _32_
ombined
Total
A55ETS
Cash on hand and in depositories 180
Temporary investments 50, 776
Due from other funds 6, 239
Taxes receivable:
Real estate and personal property:
Levied in 19b9 collectible in 1970 6, 741
Prior year levies 2., 873
Totals 66, 809
LIABILITIES AND SURPLUS
Una ropriated surplus 66, 809
pP
Totals 66, 809
See notes to financial statements
This statement is an integral part of report dated May 15, 1971.
-33-
�xhibit 12
City of Brooklyn Center
Debt 5ervice Funds
COMBINED BALANCE 5HEET
December 31, 1970
Certificates State Aid 1969 Building
Park Library of Street Improvement
Bonds Bonds Indebtedness Sta�e Loan Bonds Bonds
54 34 7 85
25, 067 6, 144 3, 995 15, 570
6,239
752 545 5, 444
1, 368 359 1, 146
27, 241 6, 537 5, 693 -0- 6, 239 21, 099
27, 241 6, 537 5, 693 6, 239 21, 099
27, 241 6, 537 5, 693 -0- 6, 239 21, 099
-34-
�ombined
Total
Una ro riated Surplus, January 1, 1970 60, 621
PP p
Add: Revenue
General property tax levies 284, 892
Interest collected (period between bond date
and bond sale) 6, 23 9
Interest on temporary xnvestments 3, 526
Total Balance and Additions $355, 278
Deduct: Expenditures
Principal paid 48, 800
Interest paid 237, 821
Service charges (paying agent) 631
W rite off tax levy balance s 2 51
Transfers to General Fund 966
Total Expenditures $288 469
Unappropriated Surnlus, December 31, 1970 66, 809
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-35-
C itv of B rooklvn C ente r Exhibit 13
Debt Service Funds
COMBINED 5TATEMENT
OF REVENUE, EXPENDITURES AND SURPLUS
Year 1970
Certificates State Aid 1969 Building
Park Library of Street Improvement
Bonds Bonds Indebtedness State Loan Bonds Bonds
24,135 21,002 4,380 966 10,138
30, 513 20, 833 233, 546
t 6, 239
1,619� 1,201 436 270
56,267 22,203 25,649 966 6,239 $243,954
20,000 io,000 is,soo
8,795 5,640 1,086 $222,300
50 26 555
181 70
966
29,026 15,666 19,956 966 $222,855
27,241 6,537 5,693 -0- 6,239 21,099
-36-
All Funds
C ombined B ond Fund
ASSETS Total No. 1
Cash on hand and in depositories 3 728 44
Temporary investments (Exhibit 30) 1, 726, 565 35, 037
Accounts receivable 5, 066
Due from other funds 319, 705
Assessments receivable:
Future installments (principal) 5, 019 683 16, 996
Delinquent assessments (principal intere�t) 165, 593 865
City General Fund (principa� no interest charge) 293, 197
Interest applicable to 1970 on installments due in
1971 28,505
Installments applicable to tax forfeit property 21, 790 129
Authorization to assess for construction in progress 920, 907
Cash held by paying agents for debt and interest 622, 184 18, 656
Deferred interest charges 39, 214
Totals $9, 166, 137 71 727
LIA BI LI TIE S
Vouchers and contracts payable 96, 300
Accrued expenses and costs 90, 262
Due to other funds 201, 465
Construction loans payable 599, 000
Bonds and interest not redeemed (monies with
paying agent):
Bonds maturing January 1, 1971 525, 000 18, 000
Interest coupons maturing January 1, 1971 97 184 656
Bonds payable future years (Exhibit 17) 6, 200, 000 20, 000
Total Liabilities $7, 809, 211 38, 656
Unappropriated surplus (deficit) for debt retirement
(Exhibit 15) 924, 921 33, 071
Unexpended appropriations for construction
(Exhibit 16) 432, 005
Totals $9, 166, 137 71, 727
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-37-
Citv of.Brooklvn Center Exhibit 14
Special Assessment Funds
COMBINED BALANCE SHEET
December 31, 1970
1956 B
1955 A 1956 AC 1957 .AB 1958 A 1958 B 1959 AB 1960 AB 1961 AB 1963 1965 1966 1968 1970 1971
Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund
115 9Z 212 84 29 340 464 52 23 75 730 213 458 792
144,881 161,646 17,067 124,364 175,325 141,391 291,158 326,144 �71,782 42,494 43,832 23,020 28,424
25 1,871 2,223 94? I
6,287 1,632 1,818 2,762 1,914 3,130 300,172 1,990
47,246 95,360 52,547 117,387 45 ,668 139,589 484,057 281,259 26A 159 ,979 452,573 617,034 2,240,536 8,457
3,987 7,226 1,281 6,212 937 2,009 41,494 35,049 13,301 1,820 5,915 10,882 34,615
30, 569 52, 378 4, 975 13, 578 12, 579 11, 706 167, 412
28,336 169
219 396 136) 847 1, 134 310 3, 463 12, 818 409 b15 1, 586
25,792 3,233 891,882
18,658 28,128 29,475 22 ,990 41,925 102,325 61,563 41,760 34,218 88,173 88,075 46,238
39,Z14
$221,393 $294,485 70,971 $280,187 $246,083 $325,564 $956,292 $769,263 $493,245 $252,779 633 119 755 31 2 8 0 861 04 237
i
96, 300
5, 972 86, 675 3, 587
168,317 27,176
254,000 345,000
17,000 25,000 25,000 20,000 35,000 85,000 50,000 35,000 30,000 75,000 65,000 45,000
1,658 3,128 4,475 2 ,990 6,925 17,325 11,563 6,760 4,218 13,173 23,075 1,238
85,000 130,000 200,000 150,000 280,000 770,000 590,000 365,000 195,000 525,000 645,000 2,245,000
$103,658 $158,128 $229,475 $172,990 $321,925 $878,297 $651,563 $406,760 $229,218 $613,173 $733,075 $2,800,230 $472,063
117, 735 136, 357 70, 971 50, 712 73, 093 3, b39 77, 995 117, 700 86, 485 23, 561 19, 946 22, 856 90, 631 169
I
432,005
$221,393 $294,485 70,971 $280,187 $246,083 $325,564 $956,292 $769,263 $493,245 $252,779 $633,119 $755,931 $2,890,861 $904,237
_38_
Combined Bond 1956 B
TotaZ Fund 1955 A 1956 AC 1957 AB 1958 A
All Fund s No 1 Fund Fund Fund Fund
Unappropriated Surplus
Januarv 1, 1970 $863,144 30,423 $109,123 $126,641 $151,567 43,626
Add: Revenue 1970
Interest Assessments $292, 909 1, 360 2, 893 5, 767 3, 702 120
Interest Investments 106, 258 2 689 9 065 10, 250 2, 702 7, 968
Revenue 1970 $399,167 4,049 11,958 16,017 6 ,404 16,088
Less: Expenditures 197�
Interest $248, 615 1, 312 3, 315 6, 255 8, 950
Agent charges 1, 705 89 31 46 52
Abatements (additions) 70
Transfers to capital
projects 87, 000 87, 000
Expenditures 1970 $337, 390 1, 401 3, 346 6, 301 87, 000 9, 002
Unappropriated Surplus
December 31, 1970 $924,921 33, 071 $117, 735 $136, 357 70, 971 50. 712
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
I
-39-
i
C ity of B rooklyn C ente r Exhibit 15
Special Assessment Funds
COMBINED STATEMENT OF REVENUE, EXPENDITURES
AND UNAPPROPRIATED SURPLU5 FOR DEBT RETIREMENT
Year 1970
1958 B 1959 AB 1960 AB 1961 AB �1963 1965 1966 1968 1970 1971
Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund
$64, 564 1, 417) $60, 857 $105, 545 $73, 431 $20, 402 $16, 926 $49, 610 $11, 84b
3,210 9,325 $33,273 19,946 $17,847 9,345 $26,908 $39,007 $112,037 169
11,342 9,673 18,827 15 ,496 8,828 2,342 2,701 3,851 524
$1�, 552 $18 99g $52, Z00 35, 442 $26, 675 $11, 687 $29 609 $42, 858 $112, 561 169
5,980 $13,.850 $34,650 23,125 $13,520 8,435 $26,345 $69,225 33,653 -0-
43 94 304 165 107 93 242 316 123 -0-
2) 8 3) b) 2 71
6, 023 $13, 942 $34, 962 23, 28Z $-I3, b2I 8, 528 $26, 589 $69, 612 33, 776 -0-
$73,093 3,639 $77,995 $117,700 $86 ,485 $23,561 $19,946 $22,856 90 ,631 169
-40-
THO5E PROJECTS CL05ED DURTNG 1970
Appropriations (Note Z)
Project Original (Added) Final
Number Description Appropriations Cancelled Appropriation
69-2 Water 4, 363. 00 648. 19 3, 714. 81
69-3 Street 2, 525. 00 364. 47) 2, 889. 47
69-4 Water 25, 525. 00 5, 167. 81 20, 357. 19
69- 5 Street 21, 401. 00 8, 334. 00 13, 067. 00
69-6 Water 12, 9$2. 00 2, 631. 11 10, 330. 89
69-7 Water 10, 870. 00 2, 733, 28) 13, 603. 28
69-8 Water 18, 536. 00 1, 862. 52 16, 673. 48
69-9 Water 16, 575. 00 2, 219. 44) 18, 794. 44
69-10 Water 23, 773. 00 1, 223. 55 22, 549. 45
69-11 5treet 21, 455. 00 817. 29) 22, 272. 29
69-12 Water 17, 908. 00 2, 346. 85 15, 561. 15
69-13 Street 13, 686. 00 42. 44) 13, 728. 44
69-14 Water 31, 950. 00 4, 338. 78 27, 611. 22
69-15 Street 19, 479. 00 1, 262. 38) 20, 741. 38
69-16 Street 27, 910. 00 8, 137. 12) 36, 047. 12
69-17 Curb and gutter 7, 800. 00 117. 98 7, 682. 02
69 Water 24 493 00 4, 901. 31 19, 591. 69
69 Street 22, 456. DO 402. 31) 22, 858. 31
69 -20 Water 34, 525. 00 9, 250. 90 25, 274. 10
69-21 Street 26, 155. 00 3, 159. b3) 29, 314. 63
69-22 Water 26,-060. 00 5, 488. 68 20, 571. 32
69-23 Street 21, 048. 00 602. 75) 21, 650. 75
69-24 Water 6, 699. 00 554. 12) 7, 253, 12
b9 Street 6, 884. 00 1, 755. 94) 8, 639. 94
69-27 Street 11, 614. 00 1, 998. 26) 13, 612. 26
69-28 Water 9, 780. 00 981. 42 8, 798. 58
69-29 Street 7, 159. 00 481. 54) 7, 640. 54
69-30 Water 26, 206. 00 4, 786. 89 21, 419. 11
69-31 Street 22, 500. 00 3, 800. 44 18, 699. 56
69-32 Water 252, 586: 00 8, 458. 30 244, 127. 70
69-33 Sanitary Sewer 17, 635. 00 1, 325. 44 16, 309, 56
69-34 Street 13 g49 00 2, 342. 34) 16, 291, 34
69-35 Curb and gutter 5, 520. 00 693. 73) 6, 213. 73
69-36 Sanitary sewer 221, 266. 00 5, 164. 11 216, 101. 89
b9 Street 599, 920. 00 149 953. 48 449 966. 52
69-38 Curb and gutter 54, 330. 00 54, 330. 00 -0-
69-39 Storm sewer 472, 570. 00 9, 315. 00 463, 255. 04
69-40 Water 19, 171. 00 1, 382. 90 17, 788, 10
69-41 5anitary sewer 32, 354. 00 1, 826. 21 30, 527. 79
69-42 5torm sewer -0- -0- -0-
69-43 Street 33, 359. 00 3, 760. 05 29, 598. 95
69-44 Curb and gutter 5, 040. 40 3, 725. 58) 8, 765, 58
69-45 Sanitary sewer 71, 744. 00 6, 334. 2Q 65, 409. 80
-41-
City of Brooklyn Center Exhibit 16
Special Assessment Funds
GONSTRUCTION EXPENDITtiRE5 COMPARED TO APPROPRIATION5 AND ASSESSMENT OF COSTS
Year 1970
Expenditures (Note 2) Costs Assessed Assessed Compared to Cost
Balance During Total State Aid Property (Under) Over Applied to Water
1/1 /1970 1970 Expenditures Share Share Total Assessed Utility (Note 2)
3, 738. 76 23. 95) 3, 714. 81 4, 938. 72 4, 938. 72 1, 223. 91
3, 070. 42 180. 95) 2, 889. 47 2, 889. 48 2. 889. 48 O1
24, 636. 32 4, 279• 13) 20, 357. 19 28 537. 96 2$, 537. 96 8, 180. 77
8, 286. 67 4, 780. 33 13, 067. 00 13, $O1. 33 13, 801 33 734. 33
10, 422. 92 92. 03) 10, 330. 89 15, 190. 00 15. 190. 00 4, 859. 11
13, 303, 55 299. 73 13, 603. 28 12, 020, 29 12, 020. 29 1, 582. 99)
16, 827. 78 154. 30) 16, 673, 48 21, 070. 00 21, 070. 00 4, 396. 52
18, 160. 90 633. 54 18, 794. 44 18, 173. 46 18, 173. 46 620. 98)
22, 471. 20 78. 25 22, 549. 45 22, 050. 00 22, 050. 00 499• 45)
20, 678. 58 1, 593. 71 22, 272. 29 20, 882. 24 20, 882. 24 1, 390. 05)
15, 634. 45 73. 30) 15, 561. 15 18, 620. 00 18, 620. 00 3, 058. 85
13, 668. 08 60, 36 13, 728. 44 15, 524. 07 15, 524. 07 1, 795. 63
28, 071. 45 460. 23} 27, 611. 22 36, 260. 00 36, 260. 00 8, 648. 78
17, 853. 41 2, 887. 97 20, 741. 38 20, 390. 96 20, 390. 96 350. 42)
47, 424. 30 11, 377. 18J 36, 047. 12 31, 913. 38 3, 953. 73 35, 867. 11 180. O1)
9, 463. 65 1, 781. 63) 7, 682. 02 510. 49 7, 171. 53 7, 682. 02 -0-
19, 726. 41 134. 72) 19, 591. 69 25, 553. 47 25, 553. 47 5, 961. 78
21, 419. 97 1, 438. 34 22, 858. 31 23, 457. 49 23, 457. 49 599. 18
25, 378. 77 104. 67) 25, 274.10 27, 930. 00 27, 930. 00 2, 655. 90 I
27, 487. 67 1,826. 96 29, 314. 63 27, 076. 80 27, 076. 80 2, 237. 83)
20, 685. 03 113, 71) 20, 571. 32 25, 970. 00 25, 970. 00 5, 398. 68
20, 943, 43 707. 32 21, 650. 75 20, 898. 84 20, 898. 84 751. 91)
7, 319. O1 65. 89) 7, 253. 12 10, 780. 00 10, 780. 00 3, 526. 88
8, 330. 05 309. 89 8, 639. 94 8, 567. 37 8, 567. 37 72. 57)
14, 496. 60 884. 34) 13, 612. 26 13, 426. D3 13, 426. 03 186. 23)
8, 861. 85 63. 27) 8, 798. 58 10, 290. 00 10, 290. 00 1, 491. 42
8, 053. 02 412. 48) 7, 640. 54 7, 524. 94 7, 524. 94 115. 60)
21, 487, 84 68. 73) 21, 419. 11 29, 684. 49 29, 684. 49 8, 265. 38
19, 638. 72 939 16) 18 699 56 20, 413, 54 20, 413, 54 1, 713. 98
231, 944. 07 12, 183. 63 244, 127. 70 270 698 84 270 698 84 26, 571. 14
I 16, 019. 16 290. 40 lb, 309. 56 16, 309. 57 16, 309. 57 O1
14, 798. 59 1, 492. 75 16, 291. 34 16, 291. 34 16, 291. 34 -0-
5, 712. 03 501. 70 6, 213. 73 6, 213. 81 6, 213. 81 08
200, 281 00 15 820. 89 216, 101. 8� 216, 101. 89 216, 101. 89
417, 868. 27 32, 09g. 25 449 966 52 134, 989. 96 314, 976. 55 449, 966. 51 O1)
-0- -0- -0- -0- -0- _0_
I, 429, 892. 13 33, 362. 87 463, 255. 00 45, 994. 30 417, 272. 75 463, 267. 05 12. 05
17, 483. 74 304. 36 17, 788. 10 47, 658. 19 47, 658, 19 29, 870. 09
29, 404. 92 1, 122. 87 30, 527. 79 30, 527. 73 30, 527. 73 O6)
-0- -0- -0- -0- -0- -0-
29, 407. 14 191. 81 29, 598. 95 8, 872. 64 20, 702. 84 29, 575, 48 23. 47)
8, 324. 05 441. 53 8, 765. 58 1, 951. 37 6, 814. 20 8, 765, 57 O1)
64 961 50 448. 30 65, 409. 80 65, 409. 71 65, 409. 71 09)
-42-
THOSE PROJECT5 CLOSED DURING 1970 (Cont'd)
Appropriations (Note 2)
Proj e ct O ri ginal Added) Final
Number Description Appropriations Cancelled Appropriation
69-46 Street 46, 064. 00 7, 643. 82 38, 420. 18
69-26 Water 14, 660. 00 1, 879. 99 12, 780. 01
69-47 Curb and gutter 9, 066. 00 4. 46) 9, 070. 46
69-48 5treet 8, 000. 00 853. 15) 8, 853. 15
69-49 Curb and gutter 6, 509. 00 769. 54) 278. 54
69-50 Sanitary sewer -0- -0- -0-
69-51 Street 245, 645. 00 96, 492. 69 149, 152. 31
69-52 Curb and gutter 23, 060. 00 23, 060. 00 -0-
69-53 Water 30, 652. 00 2, 462. 30 28, 189. 70
69-54 5anitary sewer 46, 421. 00 2, 988. 04 43, 432. 96
69-55 Storm sewer 43, 387. 00 650. 56 42, 736. 44
69-56 Street 111, 339. 00 92, 759. 12 18, 579. 88
69-57 Curb and gutter 21, 860. 00 21, 860. 00 -0-
69-58 Storm sewer 5, 094. 00 176. 84 4, 917. lb
69-59 Storm sewer -0- -0- -0-
69-60 Water 8, 463. 00 818. 88 7, 644, 12
69-61 Sanitary sewer -0- -0- -0-
69-62 Storm sewer -0- -0- -0-
69-63 Street 7, 943. 00 724. 40 7, 218. 60
69-64 Water 17, 549. 00 2, 290. 38 15, 258. 62
69-65 Street 14, 524. 00 968. 05 13, 555. 95
69-66 Storm sewer -0- -0- -0-
69-67 Street 25, 892. 00 5, 711. 30) 31, 603, 30
69-68 5anitary sewer 5, 494. 00 259. O1 5, 234. 99
69-69 Storm sewer 6, 768. 00 715. 70 6, 052. 30
69-70 Water 10, 237. 00 2, 356. 58 7, 880. 42
69-71 Street 3, 617. 00 3, 199. 86 417. 14
69-72 Sanitary sewer 23, 819. 00 23, 819. 00 -0-
69-73 Water 12, 406. 00 566. 70 11, 839. 30
69-74 Storm sewer 9, 365. 00 9, 365. 00 -0-
Total Projects Closed
in 1970 $3, 079, 575. 00 554, 155. 97 $2, 525, 419. 03
I
I
-43-
City of Brooklyn Center Exhibit 16
Special Assessment Funds Cont'd
CONSTRUCTION EXPENDITURES COMPARED TO APPROPRIATIONS AND ASSESSMENT OF COSTS
Year 1970
Expenditures (Note 2) Costs Assessed Assessed Compared to Cost
Balance During Total State Aid Property (Under) Over Applied to Water
1/1 /1970 1970 Expenditures 5hare Share Total Assessed Utility (Note 2)
44, 570. 11 6, 149. 93) 38, 420. 18 35. 075. 19 3, 322. 27 38, 397, 46 22. 72)
12, 784. 75 4. 74) 12, 780. Ol 14, 210. 00 14, 210. 00 1, 429. 99
8, 905. 23 165. 23 9, 070. 46 2, 714. 60 6, 355. 86 9, 070. 46 -0-
10, 475. 76 1, 622. 61) 8, 853. 15 8, 853, 20 8, 853. 20 05
7, 602. 63 324. 09) 7, 278. 54 7, 278. 49 7, 278. 49 05)
-0- -0- _p_
148, 628. 03 524. 28 149, 152. 31 149, 152. 30 149, 152. 30 O1)
-0- -0- -0-
28, 013, 00 176. 70 28, 189. 70 42, 030, 21 42, 030. 21 13, 840. 51
42, 166. 60 1, 266. 36 43, 432. 96 43, 432. 97 43, 432. 97 O1
39, 638. 49 3, 097. 95 42, 736. 44 3, 497. 12 39, 239. 24 42, 736. 36 08)
14, 270. 37 4, 309. 51 18, 579. 88 5, 573. 96 13, 005. 93 18, 579. 89 O1
-0- -0- -0- -0- -0-
4, 640. 63 276. 53 4, 917. 16 4, 917. 13 4, 917. 13 03)
-0- -0- _0- -0- -0-
7, 811. 09 166. 97) 7, 644. 12 9, 260. 00 9, 260. 00 1, 615. 88
-0- -0- -0- -0- -0-
-0- -0- -0- -0- -0-
7, 603. 20 384. 60) 7, 218. 60 7, 218. 61 7, 218. 61 O1
15, 312. 70 54. 08) 15, 258. 62 20, 017. 08 20, 017. 08 4, 758. 46
14, 313. 40 757. 45) 13, 555. 95 13, 034. 08 13, 034. 08 521. 87)
_o_ _o_ _o_ _o_ -o_
30, 146. 35 1, 456. 95 31, 603. 30 31, 580. 67 31, 580. 67 22. 63)
5, 003. 12 231. 87 5, 234. 99 5, 234. 92 5, 234. 92 07)
6, 117. 00 64. 70) 6, 052. 30 467. 42 5, 584. 89 6, 052. 31 O1
7, 957. 44 77. 02) 7, 880. 42 8, 260. 00 8, 260. 00 379. 58
3, 167. 34 2, 750. 20) 417. 14 417. 13 417. 13 O1)
23, 167. 99 23, 167. 99) -0- -0- -0- -0-
11, 477. 25 362. 05 11, 839. 30 33, 012. 94 33, 012. 94 21, 173. 64
9, 97b. 99 9, 976. 99) -0- -0- -0- -0-
$2, 467, 386. 88 58, 032. 15 $2, 525, 419. 03 271, 560. 43 $2, 407, 442, 08 $2 679 002. 51 1, 641. 35) 155, 224, 83
(See Exhibit 23)
-44-
City of Brooklvn Center Exhibit 16
5pecial Assessment Funds Cont'd
CONSTRUCTION EXPENDITURES COMPARED TO APPROPRIATION5 AND
ASSESSMENT OF COSTS
PROJECTS IN PROCESS AT I2 /3I /1970
Appropriated Expenditures Unexpended
Project During During ���erexpended)
Number Description 1970 1970 �propriations
69-38 Curb and gutter 54, 330. 00 -0- 54, 330. 00
69-52 Curb and gutter 23, 060. 00 -0- 23, 060. 00
69-57 Curb and gutter 21, 860. 00 -0- 21, 860. 00
69-72 Sewer 23,819.00 22,924.99 894.01
69-74 Sewer 9, 365. 00 11 392 93 2, 027. 93)
69 -76 15, 743. 00 11 993 42 3, 749. 58
69-77 13, 027. 00 8, 583. 10 4, 443. 90
69-78 Water 15, 168. 00 11, 073. 33 4, 094. 67
69 -79 Street 7, 021. 00 5, 702. 97. 1, 318. 03
70-3 54, 990. 00 41 896 82 13, 093. 18
70-4 7, 500. 00 5, 461. 40 2, 038. 60
70-5 Water 35, 973. 00 32, 893. 38 3, 079. 62
70-6 Street 26, 333, 00 21, 270. 26 5, 062. 74
70-8 Water 14, 607. 00 13, 071. 24 1, 535. 76
70-9 Sanitary sewer 12, 616. 00 11, 286. 74 l, 329. 26
70-10 Storm sewer 52, 456. 00 47, 124. 86 5, 331. 14
70-11 Water 23, 637. 00 21, 228. 98 2, 408. 02
70-12 Sanitary sewer 23, 291. 00 20, 877. 48 2, 413. 5�
70-13 Street 66 600. 00 23, 675. 35 42, 924, 65
70-14 Curb and gutter 13, 400. 00 -0- I3, 400. 00
70-15 Street 24, 400. 00 1, 6$9. 14 22, 710. 86
70-16 Curb and gutter 4, 200. 00 -0- 4, 200. 00
70-17 Street 105, 196. 00 92, 144. 13 13, 051. 87
70-18 Street 146, 500. 00 18, 564. 71 127, 935. 29
70 Street 94 450 00 659. b9 93, 790. 31
70-21 Sanitary sewer 30, 420. 00 37, 376. 99 6, 956. 99)
70-22 Water 6, 800. 00 7, 783. 16 983. 16)
Unallocated costs 26, 081. 89 26, 081. 89)
Total Appropriations
$926,762.00
Total Expenditures $494, 756 96
Excess Appropriations Over Expenditures (To Exhibit 14) $432, 005. 04
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-45-
Bond
Redemption
Year of Total Monies to
Fund Description of Issue Issue Issue Paying A�ent
Bond Fund 1 Storm Sewer #1 serial issue 1952 304, 000 288, 000 t
Sanitary Sewer #1 serial issue 1952 48, 000 44, 000
1953 B serial issue 1953 55, 000 55, 000
1955 A 1955 A serial issue 1955 497, 000 412, 000
1956 AC 1956 C serial issue 1956 550, 000 420, 000
1957 AB 1957 A serial issue 1957 430, 000 430, 000
1957 B serial issue 1957 350, 000 350, OOD
1958.A 1958 A serialissue 1958 530,000 330,000
1958 B 1958 B serialissue 1958 390,000 240,000
1959 AB 1959 AB serial issue 1960 630, 000 350, 000
1960 AB 1964 A serial issue 19b0 ?68, 000 448, 000
1960 B serial issue 1961 885, 000 435, 000
1961 AB 1961 A serial issue 1962 595, 000 265, 000
1961 B serial issue 1963 430, 000 170, 000
19b3 Fund 1963 A serial issue 1964 fi36, 000 271, 000
1965 Fund 1965 A Irnprovement bonds 1966 345, 000 150, 000
1968 Fund 1968 Improvement bonds 1968 750, 000 225, 000
1969 Fund 1969 Improvement Bonds 1969 755, 000 110, 000
1970 Fund 1970 Improvement Bonds 1970 2, 290, 000 45, 000
$11, 238, 000 $5, 038, 000
(5ee note� to financial atatements)
This statement is an integral part of report dated May 15, 1971.
-46-
Exhibit 17
City of Brooklyn Center
Special Assessment Funds
STATEMENT OF LONG-TERM DEBT (PRINCIPAL AMOUNT OUT5TANDING)
December 31, 1970
Balance Last
Unpaid Installment
12-31-70 Due on Coupon Rates on Outstanding Bonds
16, 000 1-1-72 3. 50%
4, 000 1-1-73 3. 20
-0- 1-1-69 3.30
85, 000 1-1-76 3. 25
130,000, 1-1-77 3.90
-0- 1-1-67 4.00
-0- 1-1-67 4.50
200, 000 1-1-79 175 M� 4. 00%; 75 M@3. 90%; 25 M@3. 60%
150, 000 1-1-79 90 M@3. 60�/0; 60 M@3. 50%; 60 M�3, 20%
280, 000 1-1-81 185 M@4. 50%; 200 M@4. 25�/0
320, 000 1-1-81 90 M�4. 50� fo; 350 M@4. 2 0%
450, 000 1-1-81 315 M�4. 20°/0; 180 M@4. lOPfo; 90 M@4. 00%
330, 000 1-1-82 150 M@3. 75%; 120 M@3. 70%; 120 M@3. 40%; 30 M@3. 00%
260, 000 1-1-84 100 M@3. 70°�0; 120 M�3. 60%; 80 M@3, 30%; 20 M�2. 80%
365, 000 1-1-85 75 M@3. 60%; 80 M�3. 50%; 90 M@3. 40.%; 245 M�3. 20%
195, 000 1-1-86 110 M@3. 80%; 175 M@3. 70%
525, 000 1-1-88 50 M@4. 80%; 100 M@4. ?0%; 165 M@4. 50%; 210 M�4. 20%;
225 M @4. 00%
645, 000 1-1-89 6. 50% on all bonds
2, 245, 000 1-1-90 40 M�6. 75%; 20 M@6. 70%; 20 M@6. 65%; 125 M@6. 60%;
125 M@6. 50%; 125 M@6.40%; 125 M@6. 30%; 375 M@6.25%;
425 M@6.00%; 715 M�5. 50°�0
$6, 200, 000
ASSE T5
Current Assets
Cash on hand and in depositories 28, 970
Temporary investments 59, 773
Miscellaneous receivables (net) 177
Due from other funds 11, 973
Cash held by paying agent revenue
certificate account (Note 3) 18, 084
Merchandise inventory (valued at cost) 126, 859
Prepaid expenses 2, 583
Total Current Assets $248, 419
Fixed Assets
Provision for
Depreciation Book
Cost Amortization Value
Fixtures and Equipment
Lyndale Avenue Store $11, 420 $11, 403 17
Osseo Road Store 20, 808 18, 398 2, 410
Brookdale Store 10, 976 10, 728 248
Leasehold Improvements
Brookdale Store (Note 4) 16, 779 16, 779 �0-
$59, 983 $57, 308
Total Book Value of Fixed Assets 2, 675
Total Assets $251, 094
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-47-
Exhibit 18
City of Brooklyn Center
Municipal Liquor Fund
BALANCE SHEET
December 31, 1970
LIABILITIES AND SURPLUS
Current Liabilities
Accounts payable 52 979
Accrued sales tax payable 4, 679
Accrued interest payable on revenue certificates 1, 084
Accrued insurance payable 148
Acc rued wage s payable 1, 8? 8
Due to other funds 1, 570
Certificates payable portion due within one year
(see below) 15, 000
Total Current Liabilities 77, 338
Lon�-Term Liabilities
Revenue certificates payable (Exhibit 21) 30, 000
Less: Portion due within one year (as above) 15, 000
Total Lon�-Term Liabilities 15, 000
Total Liabilities 92, 338
Surplus (Exhibit 19)
Restricted per terms of resolution authorizing
the issuance of revenue certificates (Note 3) 15, 637
Undistributed surplus 143, 119
Total Surplus 158, 756
Total Liabilitie s and 5urplus $2 51, 094
-48-
Exhibit 19
CitV of Brooklyn Center
Municipal Liquor Fund
ANALYSIS OF CHANGES IN SURPLU5
Year 1970
Surplus, January 1, 1970 $144,807
Add: Net income (Exhibit 20) 172, 760
Balance and Additions $317, 567
Deduct: Transfers to other Funds
General Fund 158, 811
Surplus, December 31, 1970 (To Exhibit 18) $158, 756
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
I 49
Sale s
Less: Cost of sales
Gross Mar�in on Sales
Operatin� Expenses Reauirin� Funds
Salaries and wages
Rent (Note 4)
Utilitie s and heat
Insurance
Payroll taxes
Supplie s
Repairs and maintenance
Auditing
Protection service
Telephone
Laundry
Inventory variance and adjustments
Mileage
Provision for bad checks (net of recoveries)
Taxes and licenses
Miscellaneous
B reakage
Cash (over) and short
Total Operatin� Expenses Requirin� Funds
Net Operatin� Income Before Denreciation and Amortization
Less: Depreciation
Net Operatin� Income
Add: Interest on temporary investments and miscellaneous income
Deduct: Interest and paying agent charges on revenue certificates
Net Income (Exhibit 19)
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-50-
C ity of B rooklyn C ente r Exhibit 2 0
Municipal Liquor Fund
STATEMENT OF INCOME AND EXPENSE
Year 1970
2 3
ombine d 1
Total Lyndale Ave. Osseo Road Brookdale
All Stores Store Store Store
$1, 321, 281 $398, 317 $537, 436 .$385, 528
1, 005, 119 307, 275 404, 834 288, O10
316,162 91,042 $127,602 97,518
100,179 30,903 39,806 29,470
13, 574 13, 574
6,204 1,170 2,363 2,671
6, 151 1, 649 2, 502 2, 000
6,688 2,215 2,644 1,829
3,318 941 '1,353 1,024
1, 770 394 869 507
1,012 269 419 324
804 174 240 390
642 222 219 201
1,184 236 496 452
440 145 53 242
434 140 153 141
276 86 71 119
32 10 11 11
116 31 54 31
1
305 49) 208 146
143,130 38,536 51,461 53,133
173,032 52,506 76,141 44,385
1,958 35 818 1,105
171,074 52,471 75,323 43,280
2,986
1, 300,
172, 760
-51-
Inte re st Revenue C e rtificate s- Principal
Certificate Coupon Outstanding Retired Outstanding
Numbers Rate 1-1-70 1970 12-31-70
96-110 4. 25 $15, 000. 00 $15, 000. 00
111-125 4. 25 15, 000. 00 $15, 000. 00
126-140 4. 25 15, 000. 00 15, 000. 00
$45, 000. 00 $15, 000. 00 $30, 000. 00
General Provisions of Issue
A. Obligations are payable solely from net operations of the Municipal
Liquor Stores and are in no way a general tax liability of the City.
B. All certificates share on a parity basis in total net revenue of all
stores.
C. All certificates which mature after January 1, 1968 are subject to
redemption (call) in inverse numerical order on January 1, 1965
or any interest payment date thereafter upon payment as follows:
1. If redeemed prior to January 1, 1968, at par ($1, 000) plus
accrued interest, plus premium of $30. 00 on each
certificate redeemed.
2. If redeemed on or after January 1 1965 at par plus accrued
intere st.
D, Pursuant to terms of the resolution authorizing and directing issuance
of certificates, certain covenants require a restriction of surplus
available for transfer and the periodic setting aside of funds to
meet principal and interest maturities.
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-52-
City of Brooklyn Center Exhibit 21
Municipal Liquor Fund
STATEMENT OF LONG-TERM DEBT
December 31, 1970
Revenue Certificates Interest Coupons
Dates of Outstanding Retired Outstanding
Maturity 1-1-70 1970 12-31-70
1-1-70 956 956
7-1-70 638 638
1-1-71 638 638
7-1-71 319 319
1-1-72 319 319
2, 870 1, 594 1, 276
-53-
ASSETS AND OTHER DEBITS
Plant, Equipment and Construction Funds (Note 6)
Mains Lines $10, 753, 389
Structures 405, 935
Equipment 285, 307
Meters 215, 006
Land 18,821
Construction work in progress -(financed thraugh bond issue):
Water tank site 5, 993
Construction work in progress (financed
through operations) Well #7 72 929
Tota1 Construction in Pro�ress 78, 922
Construction in funds (unexpended bond proceeds):
Investments $544, 033
Cash in checking account 19, 761
Total Construction Funds (Note 5) 563, 794
Total Plant, Equipment and Constructions Fund� $12, 321, 174
Invested and 5pecial Funds
Investments $978, 208
Deferred assessments receivable 89 269
Debt retirement funds (Note 6):
Cash with paying agent 47, 888
Cash in account 1 686
Investments 138, 085
Accrued interest receivable 3 089 190 7�8
Total Invested and Special Funds 1, 258, 225
Current and Accrued Assets
Cash in account 6, 057
Accounts receivable 67, 784
Accrued revenue (pumped but not billed) 54, 864
Materials and supplies 11, 872
Prepayments 1, 613
Due from other funds 166, 523
Assessments receivable 6 694
Total Current and Accrued Assets 315, 407
Total Assets and Other Debits $13, 894, 806
(See notes to financial statexnents)
This statement is an integral part o£ report dated May 15, 1971
-54-
City of Brooklyn Center Exhibit 22
Public Utilitie s Fund
BALANCE SHEET
December 31, 1970
TOTAL LIABILITIES AND OTHER CREDITS
Lon�-Term Debt
Revenue bonds payable (See Exhibit 27) (Note 5) 845, 000
Contracts payable (See Exhibit 27) 674, 767
Surplus and Reserves Invested in Fixed Assets
From special assessment projects and contractors $9 369 224
Debt redeemed 237, 015
Surplus accumulated for construction 194, 927
Plant and equipment charged to income 127, 429
Depreciation provisions represented as investment
in plant (Note 6) 872, 812
Total Surplus and Reserves Invested
i In Fixed Assets 10, 801, 407
Total Invested in Plant, Equipment and Construction Funds $12, 321, 174
Reserves
Depreciation provisions represented as not
invested in plant (Note 6) 368, E>54
Debt service reserves (Note 5):
Revenue bond reserve $67, 860
Reserve account 75, 000 142, $60
Customer meter deposits held 21"L, 341
Reserve funds held by paying agent for:
Revenue bond principal $30, 000
Revenue bond interest coupons 17, 888 47, 888
Total Reserve Balances 771, 743
Current and Accru�ed Liabilities
Vouchers payable 36, 109
Contracts and notes payable 27, 9�8
Acc rued salarie s payable 1, 058
Accrued payroll taxes (PFRA) 1, 603
Due to other funds 5, 128
Total Current and Accrued Liabili.ties 71, 846
Balance of Retained Earnin�s (See Exhibit 23) 730, 043
Total Liabilitie s and Othe r C redits
$13, 894, 806
-55-
Exhibit 2 3
Citv of Brooklyn Genter
Public Utilitie s Fund
STATEMENT OF OPERATIONS AND 1�ETAINED EARNTNGS
Year 1970
Water Sewer
Department Department Total
Operatin� Revenue
Residential sales $213, 964 $113, 764 $327, 728
Commercial sales 104, 658 56, 712 161, 370
Other governmental unit sales b5 664 65, 664
Service hookup charges 155, 265 155, 265
Penalties 713 4, 746 5, 459
Other (permits, service charges, etc. 17, 127 11, 545 28, 672
Gross Revenue $491,727 $252,431 $744,158
Le s s O e ratin Revenue Deductions
p
Operating expense (Exhibits 24 25) $103, ?16 $153, 978 $257, 694
Depreciation (Exhibit 26) 82, 511 72, 602 155, 113
Total Operatin� Revenue Deductions $186, 227 $224, 580 $412, 807
Net Operatin� Income $305, 500 25, 851 $331, 351
Add: Extraneous Income
Inte re st income on monie s inve sted 61, 534
Other 824 62,358
Deduct: Income Deductions
Interest on long-term debt 57, 860
Redemption of debt 46, 657
Total Income Deductions 104, 517)
Net Income Available for Transfer to Retained Earnix��s $289, 192
Retained earnings January 1, 1970 440, 851
Balance of Retained Earnin�s, December 31, 1970 (To Exhibit 22) $730,043
See note s to financial statements
This statement is an integral part of report dated May 15, 1971.
-56-
5ource of
Supply
Labor 7, 836
Electricity 15, 436
Purification supplies 7, 755
Materia.ls 9, 591
Rent �.dministration
Equipment operation 852
Payroll taxes 638
Insurance
Supplie s 980
Postage
Fuel heating 661
Consulting fees
Refunds customer
Printing
Fuel Equipment
Schools conferences
Equipment rental 56
Small �ools 265
Repairs 77
Other
Mileage
Refunds of penalties
Uncollectible accounts
Totals $�44, 147
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971
-57-
C ity of B rooklyn C ente r Exhibit 24
Public Utilitie s Fund
WATER DEPARTMENT OPERATING EXPENSES
Year 1970
Classification By Function
Customer Department
Transmission Administration Accountin� Total
6,141 $18,203 $10,160 42,340
15, 436
7, ?55
1, 304 1, 891 12, 786
6, 660 6, 660
516 157 1, 525
500 1, 4$3 828 3, 449
1, 443 1, 443
111 56 139 1,286
2,179 2,179
661
5, 580 5, 580
345 345
196 37? 573
579 579
238 238
153 2 11 222
73 338
15 92
25 25
3 3
11 11
190 190
8,224 $37,494 $13,851 $103,716
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-58- I
Disposal
Pumpin�
5ha s 'oin facilities
red co t t
Minneapolis 93, 970
Crystal 3, 753
Labor 6,222
Rent Administration
Electricity 5 662
Equipment operation
Payroll taxes 507
Materials 2, 314
Insurance
Postage
Consulting fees
Fuel equipment
Printing
Supplie s 139
Repazrs stations mazns
Fuel heating 108
Equipxnent rental
Alarm system 252
Small tools
Refunds
Mileage
Schools conferences
Totals $112, 927
I
(See notes to financial statements) I
This statexnent is an integral part of report dated May 15, 1971 I
II
-59-
I
C ity of B rooklyn C ente r Exhibit 2 5
Public Utilities Fund
5EWER DEPARTMENT OPERATING EXPEN5ES
Year 1970
Classification By Function
C u stome r Department
Transmission Administration Accountin� Total
93,970
3, 753
6, 059 $13, 588 6, 014 31, 883
6, 660 6, 660
5, 662
516 158 674
494 1,107 490 2,598
1,681 3,g95
1, 459 1, 459
945 945
505 505
580 580
65 60 125
86 32 139 396
154 154
108
134 134
27 279
61 61
27 27
-0- -0-
10 10
8,608 $24,637 7,806 $153,978
-60-
Assets
Balance Balance
1-1-?0 Additions 12-31-70
Water Depaztment
Mains and lines $3, 809, 270 846, 053 $4, 655, 323
Structures 442, 065 36, 130) 405, 935
Consumer meters in use 197� 741 17, 265 215, 006
Equipment 273, 535 1, 742 275, 277
Total Water Departrnent $4, 722, 611 828, 930 $5, 551, 541
Sewer Department
Mains and lines $6, 009, 526 88, 540 $6, 098, 066
Equipment 10, 030 10, 030
Total Sewer Department $6, 019, 556 88, 540 $6, 108, 096
Total Wa�er and Sewer Departments $10,742, 167 917, 470 $11, 659, 637
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
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-61-
Exhibit 26
City of Brooklyn Center
Public Utilitie s Fund
SUMMARY STATEMENT OF PLANT AND PROPERTY
AND PROVISION FOR DEPRECIATION
December 31, 1970
Provision for Depreciation
Balance Balance Depreciable
1-1-70 Additions Ded'ns 12-31-70 Life (Years)
237, 711 44,�344 282, 055 100
117, 707 14, 736 132, 443 30
55, 104 9, 887 64 991 20
83 976 13, 544 1, 935 95, 585 5, 10, 20, 25
494, 498 82, 511 1, 935 575, 074
585, 160 72, 034 657, 194 100, 45, 50
8, 630 568 9, 198
593, 790 72, 602 666, 392
$1, 088, 288 $155, 113 1, 935 $1, 241, 466
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-62-
r
Rcvenue Bonds Pavable
Principal Tnterest Year
Certificate Interest Outstanding Coupons Out- of
Numbers Rate 12-31-70 s�andin� 12-31-70 Maturity
26-31 3. 75% 30, 000. 00 33, 337. 50 1971
32-37 3. 75 30, 00�. 00 32, 212. 50 1972
38-43 3, 75 30, 000. 00 31, 087. 50 1973
44-49 3, 75 30, 000. 00 29, 962. 50 1974
50-55 3. 75 30, 000. 00 28, 837. 50 1975
56- 3 90 30, 000. 00 27, 690. 00 1976
62-68 3. 90 35, 000. 00 26, 422. 50 1977
69-75 3. 90 35, 000. 00 25, 057. 50 1978
76-82 3. 90 35, 000. 00 23, 692. 50 1979
83-89 3. 90 35, 000. 00 22, 327. 50 1980
90 3 90 35 000. 00 20, 962 50 1981
97-104 3. 90 40, 000. 00 19, 500. 00 1982
105-112 3.90 40,000.00 17,940.00 1983
113-120 3, 90 40, 000. 00 16, 380. 00 1984
121-128 3.90 40,000,00 14,820.00 1985
129-137 3.90 45,000.00 13,162.50 1986
138-146 3. 90 45, 000. 00 11, 407. 50 1987
147-155 3. 90 45, 000. 00 9, 652. 50 T988
156-164 3. 90 45, 000. 00 7, 897. 50 1989
165-173 3. 90 45, 000. 00 6, 142. 50 1990
174-182 3. 90 45, 000. 00 4, 387. 50 1991
183-191 3. 90 45, 000. 00 2, 632. 50 1992
192-200 3. 90 45, 000. 00 877. 50 1993
1994
1995
$875, 000. 00 $426, 390. 00
(5ee Exhibit 22)
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-63-
i
Exhibit 27
City of Brooklyn Center
Public Utilitie s Fund
STATEMENT OF LONG-TERM DEBT
(BONDS PAYABLE CONTRACTS PAYABLEI
December 31, 1970
Contract Payable Sanitary Sewer Facilities (Installments Pavable Quarterly)
Principal Intere st
Installment Interest Outstanding Included in
Numbe r Rate 12 31- 70 In stallment
21 3 1/2% on balance 4, 255. 79 5, 904. 21
22-25 3 1/2% on balance 17, 398. 82 23, 241. 18
26 3 1/2°jo on balance 18, 015. 82 22, 624. 18
30-33 3 1/2% on balance 18, 654. 69 21, 985. 31
34-37 3 1/2% on balance 19, 316. 24 21, 323. 76
38-41• 3 1/2% on balance 20, 001. 23 20, 638. 77
42-45 3 1/2% on balance 20, 710. 50 19, 929. 50
46-49 3 1/2% on balance 21, 444. 95 19, 195. 05
50-53 3 1/2% on balance 22, 205. 43 18, 434. 57
54-57 3 1/2°jo on balance 22, 992. 8? 17, 647. 13
58-61 3 1/2% on balance 23, 808. 25 16, 831. 75
62-65 3 1/2%0 on balance 24, 652. 55 15, 9g7. 45
66-69 3 1/2°jo on balance 25, 526. 77 15, 113. 23
70-73 3 1/2% on balance 26, 432. 00 14, 208. 00
74-77 3 1/2% on balance 27 369 34 13, 270. 66
78-81 3 1/2% on balance 28, 339. 91 12, 300. 09
82-85 3 1/2% on balance 29, 344. 90 11, 295. 10
86-89 3 1/2% on balance 30, 385. 53 10, 254. 47
90-93 3 1/2% on balance 31, 463. 07 9, 176. 93
94-97 3 1/2% on balance 32, 578. 81 8, 061. 19
98-101 3 1/2% on balance 33, 734. 13 6, 905. 87
102-105 3 1/2°jo on balance 34, 930. 41 5, 709. 59
106-109 3 1/2% on balance 36, 169. 11 4, 470. 89
110-113 3 1/2% on balance 37, 451. 74 3, 188. 26
114-11? 3 1/2% on balance 38, 779. 86 l, 860. 14
118-120 3 1/2% on balance 28, 803. 92 495. 26
$674, 766. 64 $340, 052. 54
(See Exhibit 22)
-64-
General provisions of issue:
A. Obligations are payable solely from net operations of
the Public Utilities and are in no way a general tax
liability of the City.
B. All bonds which mature on January 1, 1982 or thereafter
are subject to r.edemption (call) on January 1, 1974, or
any interest payment date thereafter in inverse numerical
order, at par and accrued interest and premium as follows:
1. If redeemed prior to January 1, 1977, premium of
3%.
2. If redeemed January 1, 1977, or thereafter grior to
January 1, 1981, premium of 1-1 /2%.
3. If redeemed January 1, 1981, or thereafter, no
premium.
C. The resolution authorizing and directing the issuance of
these bonds contains certain covenants and restrictions
enacted for the general purpose of protecting the bondholders,
Paragraph 8 of the xesolution provides for the segregation
of assets and the restriction of surpluses for debt retirement
purposes and defines the manner in which the activities of
the Public Utilities Fund will be accounted for. Note 5 of
"Notes to Financial Statements" refers to various accounting
requirements in more detail and should be referred to.
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
i
-65-
Exhibit 27
City of Brooklyn Center Cont'd
Public Utilitie s Fund
STATEMENT OF LONG-TERM DEBT
(BOND5 PAYABLE CONTRACTS PAYABLE)
December 31, 1970
General provisions of contract:
A. On November 10 196b the City entered into an agreement
with the City of Minneapolis relating to the use and joint
ownership of sewer facilities. Under the terms of this
contract the City of Brooklyn Center has acquired an equity
in existing facilities at a total cost of $884, 210.
B. The contract is payable in quarterly installments of $10, 160
which includes inter.est at 3 1/2°jo per annum.
G. Pursuant to terms of the Metropolitan Sewer Act (Chapter 449),
passed by the legislature, the Metropolitan Sewer Board
assurnes ownership of all interceptors and treatment works
needed to implement the Metropolitan Council's comprehensive
plan for the collection, treatment and disposal of sewage in
the metropolitan area. The effective date of transfer is
January 1, 1971.
Under terms of agreement the City of Brooklyn Center will
be reimbursed for the cost of facilities acquired by the sewer
board. This reimbursement amount will be determined by
engineering study employing construction cost indices so as
to determine a depreciated replacement cost value as of
December 31, 1970. This value will be paid to the City over a
maximum contract period of 30 years with 4% interest.
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-66-
I
ASSE TS
Cash on hand and in depositories
Inve stment s
Accrued revenue
PERA contributions due from enterprise funds
Taxes receivable:
Levied in 1969, collectible in 1970
Prior years' tax levies
Total Assets
LIABILITIES AND FUND BALANCES
Accounts payable
Fund balances (See Exhibit 29)
Total Liabilities and Fund Balances
i
(See notes to financial statements) i
This statement is an integral part of report dated May 15, 1971.
I,
-67- II
I
Exhibit 28
C itv of B ro oklyn C ente r
Trust and A�ency Funds
COMBINED BALANCE SHEET
December 31, 1970
A�ent Fo r In T rust
Fire Public
Department Employee s' Police
Combined Relief Retirement Pension
Total As sociation As sociation Fund
6, 536 602 5, 934
239, 477 18, 584 220, 893
4, 058 4, 058
i 2, 727 2, 727
3, 979 98b 1, 587 1, 406
3,292 642 1,963 687
$260, 069 1, b28 25 463 $232, 978
31,264 31,264
228,805 1,628 5,801) $232,978
$260,069 1,628 25,463 $232,978
-68-
I
Fund Balance January 1, 1970
Add: Revenue
Real estate and personal property taxes
Insurance premium rebate
PERA contributions from enterprise funds:
Liquor sto re s
Public Utility Fund
Employee contributions
Earnings on temporary investments
Balance and Additions
Deduct: Expenditures
Payments to principal of agency
Write off tax levy balances
Fund Balance December 31, 1970
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-69-
I
City of Brooklyn Center Exhibit 29
Txust and A�ency Funds
COMBINED STATEMENT
OF REVENUE, EXPENDITURES AND FUND BALANCES
Year 1970
Fire Public
Department Employees' Police
G ombined Relief Retirement Pension
Total Association Association Fund
$129, 912 1, 403 1�7, 581) $146, 090
171, 846 43, 674 67, 025 61, 147
15, 946 15 94b
5, 942 5, 942
5,913 5,913
12,697 12,b97
13,622 578 13,044
$355,878 61,023 61,877 $232,978
126,872 59,334 67,538
201 61 140
$228, 805 1, 628 5, 801) $232, 978
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-70-
Exhibit 30
C itv of B rooklvn C ente r
Investment Truat Fund
BALANCE SHEET
December 31, 1970
ASSE T5
Cash in depositories 5, 984
Accrued interest receivable 94, 892
Inve stments:
Face Premiuxn or Cost
Value (Discount) Basis
U. S, government securities_ $4, 254, 000 2, 832 $4, 256, 832
Brooklyn Center securities 8, 000 8, 000
Construction loan
certificates 716, 000 71b, 000
Total Investments $4, 978, 000 2, 832 4, 980, 832
Due from other funds 1, 050
Total Assets $5, 082, 758
LIABILITIES
Due contractors (Performance deposits) 43, 516
Unclaimed cash (Law enforcement activities) 18
Due participating funds:
Special Assessment Funds $1, 726, 565
Library sales 83, 337
General Fund 489, 532
Poor Fund 26
Certificate of Indebtedness Fund 3, 995
Public Employees Retirement Association Fund 18, 584
Park Board Redemption Fund 25, 06?
Liquor Fund 59, 773
Public Utilities Fund 978, 208 I
State Aid Construction Fund 1, 626, 413
Bond Funds 19, 708
Bond Redemption Library 6, 144 i
Park Concession 1, 872
Total Due to Participatin� Funds(See Exhibit 32) 5, 039, 224
Total Liabilities $5, 082, 758
(See notes to financial statements) I
This statement is an integral part of report dated May 15, 19'71. I
-71-
Exhibit 31
City of Brooklvn Center
Investment Trust Fund
5TATEMENT OF EARNINGS
Year 1970
Interest Income
United States government securities $135, 487
t Construction loans 114, 278
Brooklyn Center securities 1, 055
Total Interest Income $250, 820
Expenses
Audit 412
Net Income Distributed to Particivatin� Funds $250, 408
Explanation
The Investment Trust Fund was established during 1956 to provide a uniform
and consistent means for investing temporary surpluses of cash. Net income of
the fund 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 investment by participating funds is shown
below by years.
Rate of Net
Year Return Income
1970 6. 30% $250, 408
1969 5• 90 164 336
1968 5.20 115,880
1967 4. 48 85, 267
1966 4. 66 80, 884
1965 3.80 61,913
1964 3.64 48,367
1963 3, 18 45, 056
1962 3.17 61,129
1961 3.05 55,939
1960 3. 62 57, 908
1959 3 .27 33,494
1958 2.62 14,835
1957 3. 12 9, 938
1956 2.77 1,832
Total Distributed Earnin�s Since Inception of the Fund $l, 087, 186
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-72-
City of Brooklyn Center Exhibit 32
Inve stment T ru st Fund
CH�NGES IN PARTICIPATING FUND BALANCES
Year 1970
Balance Net Fund Income of Balance
January 1, Additions 1970 December 31,
1970 (Withdrawals) Distributed 1970
Special Assessment Funds
Bond Fund No. 1 41, 148 8, 800) 2, 689 35, 037
1955 A 139, 116 3, 300) 9, 065 144, 881
1956 AC 156 496 5, 100) 10, 250 161, 646
1956 B 12, 125 7, 700) 367 4, 792
1957 AB 93, 642 83, 700) 2, 334 12, 276
1958 A 121, 495 5, 100) 7, 969 124, 364
1958 B 179, 682 15, 700) 11, 343 175, 325
1959 AB 152, 018 20, 300) 9, 673 141, 391
1960 AB 255, 131 17, 200 18, 827 291, 158
1961 AB 214, 648 96, 000 T5, 496 326, 144
1963 A 126, 155 36, 799 8, 828 171, 782
1965 A 29,753 10 ,399 2,342 42,494
1966 A ,26 031 15, 100 2, 701 43, 832
1968 116, 869 q7, 700) 3, 851 23, 020
1970 Improvement Fund -0- 27, 900 523 28, 423
Total 5pecial Assessment
Funds $1, 664, 309 44, 002) $106, 258 $1, 726, 565
Librarv Sales 78, 393 -0- 4, 944 83, 337
General Fund 417, 543 40, 830 31, 159 489, 532
Poor Fund 1, 433 1, 433) 26 26
Certificate of Indebtedness Fund 2, 684 900 411 3, 995
Public Employees' Retirement
Association Fund 548 17, 652 384 18, 584
Park Bpnd Redemption Fund 21, 848 1, 600 1, 619 25, 067
Liquor Fund 71, 894 14, 800) 2, 679 59, 773
Public Utilities Fund 862, 548 59, 800 55, 860 978, 208
State Aid Construction Fund 438, 701 1, 143, 401 44, 311 1, 626, 413
Bond Funds 81, 005 b2, 752) 1, 455 19, 708
Park Concession Fund 871 900 101 1, 872
Bond Redemption- Library 20, 543 15, 600) 1, 201 6, 144
Total All Funds $3, 662, 320 $1, 126, 496 $250, 408 $5, 039, 224
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-73-
Investment in Fixed Assets
Land and land improvements
Building and building improvements
Park properties (including buildings)
Departmental equipment
Furniture and fixtures
Storm sewers and street projects
Total
Sources of Investment
General indebtedness
General Fund revenues (includes ad valorem levies)
Liquor store revenue certificates
Contributions received
Special assessment projects
Owners, contractors, and City share
Hennepin County
Capital Projects Fund:
General obligation bonds
Ad valorem tax levy 1968 and 1969
Sale of land
Transfers of surpluses from special assessment debt service funds
Transfer from Mayor's and Council's Contingency Fund i
Interest earnings on investments
Total
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971.
-74-
Citv of Brooklyn Center Exhibit 33
SUMMARY STATEMENT OF GENERAL FIXED AS5ETS
D'ecember 31, I970
Balan�e 'Year 1970 Balance
Dec. 31 1969 Acquisitions Disposals Dec. 31, 1970
245, 507 32, 447 277, 954
I 891,733 1,768,113 2,659,846
1,014,641 181,674 1,196,315
668,502 63,242 14,901 716,843
57,081 549 57,630
6, 641, 017 334, 692 6, 975, 709
$9,518,481 $2,380,717 14,901 $11,884,297
$1, 514, 001 908, 794) 605, 207
987, 955 140, 212 14, 901 1, 113, 266
304, 571 304, 571
68, 406 3, 225 71, 631
6, 466, 368 332, 161 6, 798, 529
177, 180 177, 180
2,250,000 2,250,000
265, 243 2b5, 243
38,654 38,654
87, 000 87, 000
3,000 3,000
170, OI6 170, 016
$9, 518, 481 $2, 380, 717 14, 901 $11, 884, 297
-?5-
Exhibit 34
City of Brooklyn Center
SUMMARY STATEMENT
OF GENERAL LONG-TERM DEBT AND INTEREST
December 31, 1970
Amount Available And to be Provided
Amount available in debt service funds (See Exhibit 12):
Certificate of indebtedness redemption fund 5 693
Park bond redemption fund 27, 241
Library bond 6, 537
Building and improvement bonds 21 099
State aid street bonds 6, 239
On deposit with paying agents 111, 318
Total Amount Available 178, 127
Amount ta be provided in future periods:
For interest $2, 470, 705
For principal 3, 984 997
Total Amount to be Provided 6, 455, 702
Total Amount Available And to be Provided $6, 633, 829
General Debt And Interest to be Paid in Future Periods (Exhibit 35)
General debt (principal portion);
Certi�icates of indebtedness 26, 800
Park bonds 215, 000
Library bonds 150, 000
Building and improvement bonds 2, 280, 000
5tate aid street bonds 1, 050, 000
Assessments on City properties (Note 7) 293, 197
Total General Debt (Principal Portion) $4, 014, 997
Interest payable in future periods:
Bonds and certificates 2, 618, 832
'T'otal General Debt And Interest to be Paid i n Future Periods $6, 633, 829
(5ee notes to financial statements)
This statement is an inte ral art of re ort dated Ma 15 1 71.
g P P Y 9
-76-
General Debt Principal Portion
Payment Total Certificates Building State Aid Assessments
Due Principal Total of Park Library Improvement Street Payable No Interest
During Interest Principal Indebtedness Bonds Bonds Bonds Bonds General
1971 315,351 87,000 18,800 20,000 10,000 20,000 18,200
1972 328,597 103,600 8,000 20,000 10,000 10,000 25,000 30,600
1973 341,426 120,600 20,000 10,000 35,000 25,000 30,600
1974 409 ,162 195,600 20,000 10,000 110,000 25,000 30,600
1975 413,964 210,600 20,000 10,000 125,000 25,000 30,600
1976 437,150 245,600 20,000 10,000 130,000 55,000 30,600
1977 433,880 255,600 20,000 10,000 140,000 55,000 30,600
1978 410,605 245,600 20,000 10,000 130,000 55,000 30,600
1979 402,492 250,600 20,000 10,000 135,000 55,000 30,600
1980 379,070 240,197 20,000 10,000 125,000 55,000 30,197
1981 321, 514 195, 000 15, 000 10, 000 115, 000 55, 000
1982 304,570 190,000 10,000 120,000 60,000
1983 297 ,463 195,000 10,000 125,000 60,000
1984 289,985 200,000 10,000 130,000 60,000
1985 282,123 205,000 10,0-00 135,000 60,000
1986 259,227 195,000 135,000 60,000
1987 251,315 200,000 140,000 60,000
1988 238,210 200,000 140,000 60,000
1989 234,750 210,000 150,000 60,000
1990 220,950 210,000 150,000 60,000
1991. 62,025 60,000 60,000
Totals $6,633,829 $4,014,997 26,800 215,000 150,000 $2,280,000 $1,050,000 293,197
(See notes to financial statements)
This statement is an integral part of report dated May 15, 1971
-77-
Citv of Brooklyn Center Exhibit 35
SCHEDULE OF
GENERAL LONG-TERM DEBT AND INTEREST BY MATURITIE5
December 31, 1970
Interest Pavable
Certificates Building State Aid
Total of Park Library Improvement Street
Interest Indebtedness Bonds Bonds Bonds Bonds
228, 351 785 8, 396 5, 455 148, 200 65, 515
224 997 1b0 7, 599 5, 085 147, 875 64, 278
220, 826 6, 79b 4, 715 146, 413 62, 902
213, 562 5, 989 4 345 141, ?00 61, 528
203, 364 5, 175 3, 975 134, 062 60, 152
191, 550 4, 355 3, 605 125, 775 57, 815
178, 280 3, 535 3, 230 117, 000 54, 515
165,005 2,715 2,850 108,225 51,2�5
151,892 1,895 2,470 99,612 47,915
138,873 1,075 2,090 91,162 44,546
126,514 332 1,710 83,363 41,109
114, 570 1, 330 ?5, 725 37, 515
102,463 950 67,763 33,750
89,985 570 59,475 29,940
77 123 190 50,863 26,070
64,227 42,087 22,140
51, 315 33, 150 18, 165
24, 050 14, 160
38,210
24, 750 14, 625 10, 125
10, 950 4, 875 6, 075
2, 025 2, 025,
$2,618,832 945 47,862 42,570 $1,716,000 $811,455
-78-
I
C ity of B ro oklyn C ente r t
NOTE5 TO FINANCIAL STATEMENT S
Year 1970
Note 1: The "Cornbined Balance Sheet All Funds and Groups
(Condensed Form) Exhibit 1" is presented as an information
statement only. The reader is cautioned that the figures as
shown under the "Combined Total" column are a combining of
unlike purpose groups (funds) and cannot be construed as indica-
tive of the over-all financial position of the City. The financial
position and the results of operations of each fund should be
ascertained by reference to the individual exhibits as submitted
for that fund within this report.
Note 2: Special Assessment Funds
These funds are used to account for the construction and
financing of public improvements such as streets, curbs, storm
sewers, sanitary sewers and the water system. The accounting
is arranged so that the related activities of project construction,
financing of construction and the assessment of costs to property
owners are recorded within the same fund entity, Budgetary
accounts are employed to provide a means of control over ex-
penditures incurred for construction.
During 1970 appropriations and related appropriation
expenditures for certain projects which were not complete were
transferred from the 1970 Fund to the 1971 Fund. The financing
for these projects (issuance of bonds) is arranged through the
1971 Fund and the transfer was necessary so that all the activities
of construction, financing and assessment are related together
within the same accounting entity.
Costs are assessed to property owners by the special
assessments division, under the supervision of the engineering and
public works department, after total project expenditures are
verified with the finance department.
The nominal differences on street and sewer projects between
assessed and actual costs which are caused when costs are spread
over many properties are guaranteed by the City($1, 641, 35 for the
Year 1970 See Exhibit 16).
-79-
City of Brooklyn Center
NOTE5 TO FINANCIAL, STATEMENTS
Year 1970
Note 2: Special Assessment Funds
(Cont'd) Water service is assessed to all properties at a uniform
rate. This rate is based on engineering cost studies and determined
by dividing the estimated total cost of a complete system (including
trunk mains, lateral mains, wells and elevated storage tanks) by
the estimated ultimate residential lots or equivalents to be served
by the utility.
Since the ince tion of the water s stem costs incurred for
P Y
mains, laterals, wells, and tanks have been financed by special
assessment funds to the extent of $4, 178, 124. The cost of projects
not immediately assessable (deferred until residential lots or
equivalents are connected to the system) and project costs involving
general assets (tanks and wells) not resulting in hook-ups to the
system have been guaranteed by the City within the special assess-
ment fund originally financing such a project. The excess of
assessments (determined by applying uniform rate of $490. 00 per
residential lot or equivalent) over the cost of the lateral main which
occasioned the assessment and hook-up to service has been transferred
to reduce the amount of cost originally guaranteed by the City. As
of December 31 1969 the total amount of City guarantee has been
fuZly covered and the realization of revenue from future hook-up
charges are being credited to revenue of the Public Utilities Fund.
Note 3: Municipal Liquor Fund
The resolution authorizing the issuance of revenue certificates
contains restrictive covenants which were enacted for the benefit
and protection of certificate holders.
Paragraph 5c provides that at least quarterly the following year's
principal and interest requirements be segregated and set aside in
cash for the benefit of certificate holders. As of December 31, 1970,
cash in the amount of $18, 084 (representing $15, 638 for interest and
principal falling due on January 1, 1971) is on hand with the paying
agent.
Paragraph 5d requires a restriction on the availability of
surplus for transfer which is equal to the next ensuing year's
principal and interest requirements. As of December 31, 1970,
restricted surplus totalled $15, 638. ($15, 000 principal due
Janua ry 1, 19 71 and inte re st fo r the yea r 19 71 in the amount of
$638.)
-80-
City of Brooklyn Center
NOTES TO FINANCIAL 5TATEMENTS
Year 1970
Note 4: Municipal Liquor Fund
The Lyndale Avenue store (Store #1) and the Osseo Road
store (Store #2) are located on City owned properties. Store #3
is located in the Brookdale Shopping Center and the premises•
are occupied pursuant to terms of a lease which expires January 31,
1972. The rental for the store and warehouse facilities is fixed
at $875 per rnonth. The rental for parking and mall facilities is
based upon a proportionate share of the maintenance and upkeep
expenditures rnade by the landlord and is adjustable yearly.
Note 5: Public Utilitie s Fund
Public Utilities revenue bonds were issued during 1963 for
the purpose of financing an addition to the water works system.
These bonds, together with related interest and service charges
are payable solely from the Public Utilities Fund and are not
considered a general obligation of the City. The resolution author-
izing and directing the i ssuance of these bonds defines the method of
accounting for the utilities fund and imposes certain covenants and
restrictions which serve the purpose of protecting creditors interests.
As required by Paragraph l0e of the issuing resolution, an
analysis of each account balance appears below:
Construction Account
Proceeds of bond sales $1, 000, 000
Earnings provided by temporary
investment of construction monies 194, 927
Construction expenditures paid 631, 133)
Account Balance (See Exhibit 22) 563, 794
Revenue Bond Account
Cash on hand with paying agent to
meet matured coupons and principal and
coupons maturing 1-1-7� 47, 888
Accumulated amounts set aside to
meet 1971 requirements for
interest and principal
Cash in bank 1 686
Investments and accrued
interest 66, 174 67, 860
Account Balance 115, 748
-81-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 19?0
Note 5: Public Utilitie s Fund
(Cont'd) Reserve Account
Fa.ce value of government securities 75, 000
A summary which reconciles restricted assets with
restricted surplus and also compares restricted surplus
with restriction requirements as set forth by the resolution
authorizing the sale of revenue bonds is presented below:
Revenue
Construction Bond Reserve
Account Account Account
Assets restricted 12-31-70 see above) �563, 794 $115, 748 75, 000
Less:
1. Liabilities payable from
restricted funds 47, 888)
2, Monies derived from
borrowing (bond issues) 368, 867) �I
Restricted surplus at 12-31-70 $194, 927
67, 860 75, 000
Required per Resolution $194 927 67 860 75, 000
Note 6: Public Utilitie s Fund
The accounting system employed by the Public Utilities Fund
is adapted from a system specifically designed for municipally-
owned utilities by the American Water Works Association. The
investment in plant and equipment is of primary importance to
utility operations and because this is so, the accounting method in
use emphasizes a source and application of monies concept in
accounting for plant and equipment costs. Accordingly, fixed assets
are shown at total cost on the left hand side of the balance sheet
�,nd dep�eci�.tior� p�ovisions �.re shown on the rig�t. Annu�.l
depreciation charges to income (which are non-cash expenses) have
t�e effect of conserving monies or other current type assets within
the entity because they reduce the balance of retained earnings
-82-
City of Brooklyn Center
NOTES TO FINANCIAL STATEMENTS
Year 1970
i
Note 6: Public Utilities Fund
(Cont'd) available fox purposes of rate reduction or transfer. A portion of the
monies so conserved (or reserves accumulated) has been reinvested
in plant facilities and accordingly these "depreciation provisions" are
segxegated as to the portion of reserves which have been reinvested
in plant ($872, 812) and those amounts held in reserve ($368, 654). This
presentation of assets at gross cost and the reflection of accumulated
depreciation as a reserve on the right hand side of the balance sheet
is peculiar to utility accounting and at odds with normal commercial
concepts which usually reflect accumulated depreciation as a reduction
against the asset cost so as to show the net remaining cost of plant
and equipment not yet amortized to expense.
Because the investment in plant and equipment is of such
paramount importance, the balance sheet presentation used, with
an informative emphasis on source and application of monies for
plant investment, is considered the most appropriate. However, if
the presentation employed usual commercial concepts, the Total
Plant, Equipment and Construction Funds ($12, 321, 174) would be
reflected net of depreciation provisions at a total of $11, 079, 708.
Note 7: Summary Statement of General Lon�-Term Debt and Interest
Special assessrnents which relate to improvements benefiting
City-owned properties total $293, 197 as of December 31, 1970.
The payment for these improvements (with no interest charge) has
been scheduled over a period extending through 1980. These assess-
ments are obligations of the general fund and payment is planned under
normal budget procedures, whereby the �eeded monies will be appro-
priated during the years as each installment becomes due.
1Vote 8: Richard Schieffer, the City Attorney, has advised us that as
of June 14, 1971, there were no contingent liabilities or pending
lawsuits in which the City was involved which would be material
to the financial representations contained on the financial statements.
-83-
City of Brooklvn Center
NOTES TO FINANCIAL STATEMENTS
Year 1970
Note 8: Also, the Cit has filed suit which requests a review and reversal
Y
(Cont'd) of an order by the State Tax Commissioner cancelling the taxes on
i certain properties sold by the University of Minnesota to a commercial
concern. If the Commissioner's order is sustained there will be a
resultant loss of revenue to the City of $13, 954 (For the Year 1967).
The matter is currently in litigation and pending a decision. It
appears presently that there is no basis for reducing surplus by the
amount as proposed by the Commissioner's order, and accordingly
-the $13, 954 is reflected on the statements as taxes receivable.
i
-84-
i
S T A T I S T I C A L
INFORMA TION
S E C T I O N
i961
Populatian 25, 843 (E)
Real Propexty
Assessed Value:
Homestead 5, 522, 219
Excess and Non 2, 685, 064
Total Assessed Value 8, 207, 283
Estimated Value:
Full and True 28, 6Q9, 126
Market 86,694,321
Personal Property
Assessed Value 1, 164, 640
Estimated Value:
Full and True 3, 032, 327
Market 9, 096, 981,
Total Real and Personal Property
Assessed Value 9, 371, 923
Estimated Full and True Value 31, 641, 453
Estimated Market Value 95, 791, 302
Ratio of Total Assessed Value to Total
Estimated Full and True Value 29619
Estimated Market Value 09784:1
Per C V 1 ns
apita a uatio
Assessed Value 362.65
E stxmated Full and T ruE Value 1, 224. 37
Estimated Market Value 3, 706. 66
i
-85-
Schedule 1
City of Brooklyn Center
AS5ESSED VALUE AND ESTIMATED TRUE VALUE AND
MARI�ET V1�LUE OF A�,L TAXABLE PROPERTY
�y Budget Years
1 62 I
9 1963 1964 1965 1966 1967 1968 19b9 1970 1971
26, 858 (E) 29, 203 (Ej 29, 024 (E) 30, 108 31, 500 (E) 31, 570 (E) 33, 000 (E) 34, 306 34, 717 (E) 35, 173
5,735,766 5,816,001 5,949,469 6,101,889 6,262,938 6,378,859 10,148,539(2) 11,970,877(2) 12,472,359(�) 6,882,636
2, 831, 501 4, 106, 321 4, 432, 475 5, 694, 244 5, 885, 425 7, 911, 159 5, 093, 781(3) 7, 3b9, 710(3) 8, 173, 952(3) 19, 089, 306
8,567,2b7 q,922,322 10,381,944 11,796,133 12,1�8,363 }4,290,018 15,242,320 19,340,587 20,646,311 25,971,942
30,021,816 33,596,832 34,879,063 38,711,130 39,765,314 45,335,857 47,862,541 58,283,382 61,796,482 75,340,288
90,975,200 $101,808,581 $104,637,189 $116,133,390 $119,295,942 $136,007,571 $143,587,623 $174,850,146 $185,389,446 $226,020,864
�1) �1) �1)
1, 130, 847 1, 275, 518 1, 336, 486 1, 258, 488 1, 222, 654 1, 301, 952 1, 574, 574 1, 603, 159 1, 619, 077 1, 588, 260
2,946,702 3,393,313 3 575 4 3 3
,9 9 64,504 3,271,781 3,511,171 3,410,110 3,510,323 3,548,068 3,464,717
7,940,106 10,179,939 10,727,847 10,093,512 9,815,343 10,533,513 10,230,330 10,530 10,644,204 10,394,151
(i) (1) (1) (1)
9,698,114 11,197,840 11,718,430 13,054,621 13,371,017 15,591,970 16,816,894 20,943,746 22,265,388 27,560,202
32 ,968 ,518 36 38,455,012 42,075,634 43,037,095 48,847,028 51,272,651 61,793,705 65,344,550 78,805,005
98,915,306 $111,988,520 $115,365,036 $126,226,902 $129,111,285 $146,541,084 $153,817,953 $185,381,115 $196,033,650 $236,415,015
9416 30272:1 30473:1 31027:1 3106 1
9. 31920: 1 3279�j:1 33893:1 34074.1 34973: 1
9804:1 .09999 10158:1 10342:1 .�0356:1 10640: 1 10933:1 11298:1 11358:1 11658:1
36i.09 397.04 403.75 433.59 424.48 493.89 509.60 610.50 641.34 783.56
1, 227. 51 1, 311. 5? 1, 324. 59 1, 397. 49 1, 366. 26 1, 547. 26 1, 553, 72 1, 801. 25 1, 882. 21 2, 240, 50
I 3, 682. 90 $�3�970. 80 3, 974. 82 4, 192. 47 4, 098. 77 4, 641. 78 4, 661. 15 5, 403. 75 5, 646. 61 6, 721.49
i
(1) Includes $306, 708 exempt property for replacement tax purposes authorized by laws of 1967, Chapter 32, extra session
I (2) Includes excess homestead
(3) Excludes excess homestead
-86-
MOEN PENTTILA
Area 5chool District County
Year Voc-Teeh #286 #279 #281 #11 Special
Collectible City School (Earle $rown) (Osseo) (Robbinsdale) (Anoka) Districts
1) f 3
Tax Rates Mills Per $1. 00 of Assessed Value
1950 2}.50 86.88 83.78 76.80 72.38 28.52
1951 30.60 102.50 ?7.60 79.00 68.50 25.33
1952 46.85 127.00 103.70 87.80 81.80 31.01
1953 34.20 88.80 61.00 70.00 50.00 29.89
1954 40.30 163.80 76.70 75.40 87.56 29.66
1955 43.40 172.40 111.70 81.80 81.84 29.57
1956 42.70 175.50 120.80 95.40 85.80 33.70
1957 44.00 106.60 119.90 108.6�4 96.55 31.87
1958 �6.47 126.91 119.51 108.64 90.15 38.13
1959 52.05 130 146 .66 115.1$ 104.95 39.32
1960 51.00 167.56 157.64 120.10 114.70 40.14
1961 48.26 189.64 163.00 139.20 123.53 41.46
1962 48, 54 211 59 179 99 158. 69 134. 00 45. 40
1963 50.12 219.00 184.62 154.72 131.09 47.23
1964 50. 68 225. 60 189, 62 150. 08 134. 85 52. 51
1965 49.80 215.26 195.50 154.72 144.77 59.69
1966 51.62 227.22 199.98 155.00 153.23 55.66
196? 51. 62 227. 90 203. 00 158. 76 160. 00 53, 30
1968 51.34 236.29 211.80 163.56 188.32 64.77
•1969 50.94 .78 266.63 252.28 184.57 265.29 70.00
1970 49.65 4.51 294.55 295.42 215.01 297.66 77.18
1971 44.11 7.96 250.31 216.00 204.90 257.09 ?7.02
Area Tax Levies on Property Wi,thin Brooklyn Center
Year Voc-Tech
Collectible School #286 #279 #281 #11
1950 32,374 6,212 11,763 3,348
1951 42,121 6,491 13,696 3,291
1952 63,785 9,603 17,463 4,613
1953 81, 574 10, 410 25, 352 5, 557
1954 176,165 14,335 31,718 11,203
1955 226,198 27,256 39,251 12,538
1956 290,011 3b,95b 68,649 15,171
1957 239, 666 76, 912 170, 396 24, 547
1958 303,466 134,960 202,292 24,298
1959 327,639 237,021 228,907 30,387
1960 427 ,311 465,174 248,382 42,211
1961 497, 907 665, 299 320, fi97 43, 880
1962 551, 349 771, 611 367 691 59, 153
1963 587,665 830,918 524,099 76,198
1964 622,578 883,842 526,189 100,102
1965 668,961 976,585 614,756 140,923
1966 728,353 1,003,287 623,412 171,926
1967 836,669 1,142,570 790,174 210,428
1968 888,684 1,200,483 901,846 295,160
1969 16,096 1,238,004 1,724,773 1,317,751 535,263
1970 99,033 1,375,490 2,071,747 1,689,434 719,896
1971 216, 938 1, 580, 568 852, 2b8 1, 8$9, 969 807, 230
(1)=Formerly #118 (2)-Formerly #28 (3)=Formerly #24 (4)-Formerly #29, #220
-87-
Czty of Brooklyn Center 5cheduie II
TAX RATES AND TAX LEVIES
Years 1950 Through 1970
Total Gity, 5chool, County and 5tate N. H. 5.
5tate Dist. #286 Dist. #279 Dist. #281 Dist. #11
N. H. S. H, S. (Earle Brown) (Osseo) (Robbinsdal,e) (Anoka)
8.69 4.11 145.59 142.49 135.51 131.09
8, 52 4. 12 166. 95 142. 05 143.45 132. 95
7. 72 4, 93 212. 58 189. 28 173. 38 167. 38
6. 84 4. 58 159. 73 131. 93 140. 93 120, 93
9. 54 5. 28 243. 30 156, 20 154. 90 167. 06
9.15 3.93 254.52 193.82 163 163 .96
9.15 3.98 261.05 206.35 180.95 171.35
9.15 3.81 191.62 20�.92 193.66 181.57
12.62 6.01 224.13 216.73 205.86 187.37
12.42 5.90 234.73 250.45 218.97 208.74
14. 32 8, 10 273. 02 263. 10 225. 56 220. 16
13.85 6.84 293.21 266.57 242.77 227.10
15. 51 6. 39 321. 04 289. 44 268. 14 243, 45
16.85 8.31 333.20 298.82 268.92 245.29
17.14 8.22 345.93 309.95 270.41 255.18
16.14 6.84 340.89 321.13 280.35 270.40
18.42 18.32 352.92 325.68 280.70 278.93
17.24 17.14 349.89 324.99 280.75 281.99
352.40 327 279 .67 304.43
3$8.35 374.00 306.29 386.23
425 426 .76 346.35 424.49
Total 379. 40-: 345, 09.E;1.� f 333. 99 378. 22
Schools County City 5tate Total Gitv, Schools, Countv State
53,697 25,421 13,893 3,993 97,004
65, 599 26, 059 21, 909 4. 281 117, 848
95,464 38,802 39,829 5,073 179,168
122,893 66,412 53,678 8,433 251,416
233,421 82 ,946 74 ,169 12,765 403,301
305,243 104,11� 95,808 12,651 517,816
410 787 136, 728 122, 573 16, 578 686, 666
�11,521 214,395 207,532 27 ,859 961 .307
665,016 309,786 262,840 48,723 1,286
823,954 252,434 333,000 54,601 1,463,989
1,183,078 479,907 404,905 84,515 2,152,405
1, 527, 783 451, 594 452, 289 91, 090 2, 522, 756
1.749,804 440,294 470,746 98,108 2,758,952
2,018,880 528,87+� 561,236 139,015 3,248,005
2,132,711 615,335 593,890 147,785 3,489,721
2,401,225 779,230 650,137 153,954 3.984,546
2,526,978 744,231 690,212 245,668 4,207,089
2,979,�41 828,401 804,858 268,168 4,881,268
3,286,173 1,Q69,364 847,632 5,203,169
4.83�,887 1,444,592 1,051,250 7,327,729
5, 955, 600 1, 694, 770 I, 090, 248 8, 740, 618
6, 346, 973 2, 099, Qb4 1, 202, 152 9, 648, 189
-88-
5chedule III
ity of B rooklyn C ente r
NOTES TO TAX RATES AND TAX LEVIE5
Years 1950 Throu�h 1970
Ta� Limitation by Statute:
$54. 00 per capita exclusive of taxes levied for local improvements
(as amended)
Debt 5ervice not included in above limitation
Taxes Due Date:
First Monday in January
Taxes Delinquent Date:
Personal Property March 1- amounts over $10. OQ first half March 1,
second half July 1
Real Estate first half May 31, second half October 31
No discount allowed
Penalties for Delinquency:
Personal Froperty 8%
Real Estate June 3°jo, July 4°jo, August 5%, September 6%, October 7%,
November and December 8%, after first Monday'in January 10%
Tax sale date second Monday in May
Taxes are collected by the County Treasurer of Hennepin County
Tax collections are distributed in the proportion of the City levy to all levies
-89-
t
Collections Percentage �ollections
of Curxent of Levy of Prior
Total Year's Taxes Collected Year's Taxes
Year Tax During Fiscal During Fiscal During Fiscal
Collected Levy Period Period Period
1961 443,753 439,672 99.08 3,879
1962 463,483 457,010 98.60 3,848
1963 555,178 545,757 98.30 4,712
1964 587,636 573,684 97.62 8,082
1965 643,014 624,056 97.05 8,186
1966 683,060 674,192 98.70 13,069
1967 799,792 776,663 97.11 7,710
1968 868,807 851,452 98.00 14,205
1969 1,068,236 1,036,863 97.06 16,612
1970 1, 112, 080 1, 086, 177 97. 68 20, 620
Note: The Gity's taxes are the only ones xncluded in this table.
-90-
Schedule IV
C ity of B rooklyn C ente r
TAX LEVIES AND TAX COLLECTIONS
Years 1961 Through 1970
Ratio of
Accumulated
Ratio Delinquent
of Total Accumulated Taxes to
Total Collections Delinquent Current Year
Collections to Tax Levy Taxes Tax Levy
443, 551 9995:1 8, 033 01810:1
460, 858 9943:1 10, 042 02167:1
550, 469 9915:1 14, 446 02602:1
581 766 9900:1 19, 926 03391:1
632, 242 9832:1 28, 985 04508:1
687, 261 1. 0062:1 23, 619 03458:1
784, 373 9807:1 38, 737 04843:1
865, 65? 9964:1 45, O11 05181:1
1, 053, 475 9862:1 59, 742 05593:1
1, 106, 797 9952:1 65, 026 05847:1
-91-
Current Special
Assessments Amount Ratio of
Installments Becoming Collected Current
Fiscal Due During Currently During Collections to
Period the Fiscal Period the Fiscal Period Amount Due
1961 383,274 353,380 .9220:1
1962 418,706 383,202 .9152:1
1963 460,329 418,65?
3 4 8 544• 1
1964 449,253 38 ,8 8
1965 444, 993 393, 593 8845:1
1966 429,759 394,942 .9190:1
1967 490,397 458,324 .9346:1
1968 505, 409 466, 466 9229:1
1969 538,959 476,727 8845 :1
1970 680,198 657,489 .8900:1
i
_q2_
City of Brooklyn Center Schedule V
SPECIAL AS5ESSMENT COLLECTIONS
Years 1961 Throu�h 1970
Total Current and
Delinquent Percentage Balance
Assessments Uncollected Collected Uncollected
At Year End Throu�h 12 /31 /70 A s of 12 /31 /70
45, 79b 99 3164%
2,623
51,692 98.9634 4,.336
73,472 98.4852 6,973
I I9, 525 98. 3871 7, 246
136,775 97.1655 12,613
135,667 97.4920 10,778
128, 705 97 6394 1 i 576
142, 441 97, 4889 12 691
136,043 95,92g6 21,943
165 89 ,0012 74,813
With 5tate Department of Lands 35, 907
-93-
Penaltie s and
Interest Licenses Fines
Fiscal From and and
Period Property Taxes Permits Forfeitures
1961 3,266 59,904 20 ,426
1962 3,178 38,809 27,974
1963 4,647 32,308 24,813
1964 3,168 31,026 24,215
1965 6,489 48,757 22,724
1966 8,973 50,489 22,126
1967 12,29? 55,005 20 ,�16
1968 7,464 82 ,098 31 ,490
1969 6,296 77,773 44 ,031
1970 10,076 49,859 57,970
-94-
Schedule VI
City of Brooklyn Center
L�EVENUE5 OTHER THAN PROPERTY TAXES
AND SPECIAL ASSESSMENTS
Years 1961 Throu�h 19'70
Revenue from Char es for R
g evenue in Exc e s s
Use of Current of Expenditures
Shared Money and Services and other Public Liquor
Taxe s Prope rty Revenue Utilitie s Sto re s
85,623 12,327 89,880 21,706 70,652
92,197- 16,084 71,438 5,861 82,101
102 28,451 88,573 50,460 89,058
101, 578 20, 671 217, 644 83, 793 99, 565
122,588 29,954 129,819 55,024 106,541
156,536 24,540 249,364 109,256 114,227
232,615 40,025 118,511 125,962 125,310
325,221 82,641 113,947 131,280 146,551
296,639 61,581 339,363 161,925 175,884
376,359 47,322 125,944 331,351 172,761
-95-
Sch d VII I
e ule
C ity of B rooklyn C ente r
EXP�NDITURES FOR SELECTED FUNCTIONS
Years 1961 Throu�h 1970
Public Parks
i
Fiscal General Safety and and
Period Government Welfare Hi�hwavs Recreation
1961 $150,912 $153,189 $200,075 $103,082
1962 152,644 188,179 231,871 111,144
1963 173,736 194,900 229,569 125,352
1964 169,019 230,102 293,301 175,049
1965 194,888 258,719 29�.,306 167,042
1966 218,335 290,232 306,616 310,219
1967 217,138 338;187 326,357 235,834
1968 244 ,010 391,394 359,428 235,723
1969 250 ,841 449,426 484,154 238,011
1970 279, �#04 511, 462 407, 615 337, 106
-96-
Gross
Fiscal Estimated Assessed Bonded
Period $opulation Value Debt
1961 25,843 g,371,923 5,354,200
19b2 2b,858 9,698,114 5,217,400
1 63
9 28,203 11,197,840 5,396,100
1964 29,024 11,718,430 5,607,800 t
1965 30,108 13,054,621 5,188,500
1966 31,500 13,371,017 5,263,200
1967 31,570 15,591,970 4,784,800
1968 33,000 16,816,894 5,068,400
1969 34,306 20,943,746 7,626,400
1970 35, 173 22, 265, 388 10, 733, 000
Sche ule VIII
d
City of Brooklyn Center
�1�TI0 OF NET BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
Years 1961 Through 1970
Lcss: Amount Ratio of Net Bonded Debt to Net Bonded
in Debt Net Bonded Assessed Debt Per
Service Funds Debt Values Gapita
2 3600• 1 30. 57
1,979,808 3,37�,39 1
2, 097, 219 3, 120, 181 3217:1 116. 17
920, 472 4, 475, 628 3996:1 158. 69
1 031 77 4 576, 021 3904:1 157. 66
9
1, 591, 659 3, 596, 841 2755:1 119. 46
1,�99,096 3,764,104 .2815:1 119.49
1, 773, 834 3, 010, 966 1931:1 95. 37
1, 986, 325 3, 082, 075 1833:1 93.40
1, 534, 261 6, 092, 139 2909: 1 177. 58
1, 805, 3$5 8, 927, 615 4010:1 253. 82
-98
5chedule IX
C itY of B rooklyn C ente r
STATEMENT OF LEGAL DEBT MARGIN
December 31, 1970
Assessed value $27, 253, 494
Debt limit 20% of assessed value 5, 450 699
Total bonded debt $10, 733, 000
Deductions:
1. Debt Service Funds
(General Ob].igation) 47, 455
2. Special Assessment
Bonds 6, 200, 000
3. Liquor Store revenue
certificates 15, 000
4. Utility revenue bonds 845, 000 7, 107, 455
Total Debt Applicable to Debt Limit 3, 625, 545
Le�al Debt Mar�in, December 31, 1970 1, 825, 154
-99-
h
Sc edule X
C itv of B rooklvn C ente r
COMPUTATION OF DIRECT AIVD OVERLAPPING DEBT
December 31, 1970
City of Brooklyn Center
5hare
Net Debt
Governmental Unit Outstanding 1) Per Cent (2) Amount
City of Brooklyn Center 8, 202, 301 100. 00% 8, 202, 301 (3)
Hennepin County 15, 400, 000 2. 8 431, 200
Hennepin County Hospital 2, 040, 000 2. 8 57, 120
Hennepin Cpunty Park District 11, 625, 000 4, 8 558, 000
Hennepin County Lxbrary 3, 060, 000 4. 9 149, 940
I. S. D. No. 281 34, 443, 000 10. 4 3, 582, 072
I. S. D. No. 11 41, 330, 000 6. 1 2, 521. 130
I. 5. D. No. 279 27, 322, 781 28. 6 7, 814, 315
I. S. D. No. 2$6 2, 890, 000 100. 00 2, 890, 000
Total Iairect and Overlappin� Debt (Net of Sinkin� Fu�ds) $26, 206, 078
1 Gross outstandin eneral bonded debt less amounts in debt service funds
g g
(2) Ratio of assessed valuation of property subject to taxation in overlapping
unit to value of property subject to taxation in the City of Brooklyn Center
(3) Ix�cludes $4, 576, 756 x�et debt outstanding to be paid fram special assessments
-100-
Year Principal Interest
1961 $45,300 $18,025
1962 39 300 16, 403
1963 33,000 14,800
1964 33,300 13,855
1965 33,300 14,977
1 66 50 800 24 213
9
1967 59,400 22,280
1968 51,000 19,604
1969 51, OOQ 37, 608
1970 49, 600 1b4, 778
-101-
5chedule XI
City of Brooklyn Center
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Last Ten Years
Total Total Ratio of Debt
Debt General Service to General
5ervice Expenditures Expenditures
$63, 325 728, 149 8. 70%
55, 703 710, 212 7. 84
47,800 772,978 6.18
47, 155 882, 557 5. 34
48,277 942,720 5.12
75, 013 1, 335, 428 5. 62
81, 680 1, 185, 075 6. 89
70,604 1,369,842 5.15
88, 608 1, 591, 987 5. 57
214, 378 1, 679, 129 12. 77
-102-
Net
G ro s s (1) Revenue
Year Revenue Expenses Available
1961 $128,428 52,873 75,555
1962 161,592 71,841 89,751
1963 490, 524 242, 525 2�7 999
1964 638,094 239,356 398,738
1965 586,979 291,643 295 ,336
1966 753,829 269,371 484,458
1 67 66 0 8 282 528 386 570
9 9, 9
1968 743,316 292,818 450,498
19b9 854,367 360,249 494,118
1970 1, 060, 322 400, 824 659, 498
(1) Excludes depreciation and interest on bonds
-103-
Schedule XII
City of Brooklyn Center
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Years
Ratio of Net
Debt Service Revenue to
Principal Interest Total Debt Service
12,000 8 74 20 74 3 6 0
9 9 t 1
5, 000 5, 448 10, 448 8. 6 to l
13, 000 21, 572 34, 572 7. 2 to 1
13, 000 43, 316 56, 316 1 to 1
38, 000 42, 796 80, 796 3. 7 to 1
38, 000 41, 305 79, 305 6. 1 to 1
38, 000 39, 816 77, 816 5. 0 to 1
38, 000 38, 350 76, 350 5. 9 to 1
40, 000 36, 775 76, 775 6. 4 to 1
45, 000 35, 200 80, 200 8. 2 to 1
i
-104-
Schedule XIiI
C itv of B rooklyn C ente r
MISGELLANEOU5 5TATISTICAL FACTS
December 31, 1970
Date of Incorporation February 14, 1911
Date of Adoption of City Charter November 8, 1966
Effective Deceznber 8, 1966
Form of Government Council Manager
Fiscal Year Begins January 1
Area of City 8 1/2 square miles
Miles of Streets:
City 96. 73
5tate 12. 38
County 5. 82
Miles of Storm Sewers 36. 02
Number of 5treet Lights 723
Building Perrnits:
Number of Permits Issued:
1970 404
19b9 460
1968 544
1967 493
1966 430
1965 465
1950 1964 inclusive 9, 452
E stimated Co st:
1970 7, 499, 386
1969 $10, 441, 322
1968 $13, 111, 654
1967 7,922,813
1966 7,261,065
1965 $12, 046, 272
1950 1964 inclusive $94, 362, 208
Fire Protection:
Number of Stations 2
Number of Volunteer Firemen 40
Police Protection:
Number of 5tations 1
Number of Ernployees 33
i Vehicle Patrol Units 8
-105-
5chedule XIII
Cont'd
Citv of B rooklyn C ente r
MISCELLANEOUS STATISTICAL FACTS
December 31, 1970
Parks and Recreati4n:
288 acres developed for regular use. 16$ additional 'acres of City-
owned land designated for parks and playgrounds to be developed.
Full-time employees 14
Part-time employees 140 (seasonal)
5upervised playgxounds 17
Park shelters 16
Ice skating rinks 16
Hockey rinks 6
Softball diamonds 22
Baseball diamonds 5
Wading pools 2
Tennis courts 4
Basketball courts 6
Education:
Public 5chools:
School Districts within B rooklyn Center (4)
No. 11 No. 286 No. 281 No. 279
(Anoka) (Earle Brown) (Robbinsdale) (Osseo)
Total school buildings 29 2 28 16
School buildings under
construction 2 1 1
�chool buil.dings within
rooklyn C ente r 1 2 2 3
Total student$
registered 30, 646 2, 347 27, 660 13, 079
Students from Brooklyn
Center registered 1, 100 2, 347 2, 025 5, 435
Total square nniles in
School District 172 2. 8 30 66. 5
5quare miles within
Brooklyn Center 1. 5 2.8 2.25 2. 5
1970 assessed
valuation 51 353, 403 6, 314, 441 88, 454, 509 30, 000, 000
1970 assessed
valuation in
Brooklyn Center 3, 139, 874 6, 314, 441 9, 223, 862 8, 575, 317
Parochial 5chools (1)
-106-
Schedule XIII
C ont' d
Citv of Brooklvn Center
MISCELLANEOUS 5TATI5TICAL FACTS
December 31, 1970
Municipal Water P�ant:
Number of connections 5, 973
Average daily consumption 2, 559, 306 galions
Peak daily consumption 7, 865, 000 gallons
Plant capacity daily 12, 284, 000 gallons
Miles of water mains 99. 3905
Number of fire hydrants 735
Number of wells 6
Number of elevated reservoirs 2
Storage capacity 1, 500, 000 gallons
Water rate per thousand gallons 35�
Municipal Sewer Plant:
Number of connections 7, 412
Miles of sanitary sewer 95.0814
Average daily disposal 3, 679, 237 gallons
Daily disposal capacity 7, 416, t�00 gallons
Number of lift stations 9
Residential rate $8. 75 per quarter
(1-1-71)
Municipal Liquor Stores (Off Sale}:
Number of owned stores 2
Number of leased stores 1
1970 sales $1,320,788
City Employees:
As of December 31, 1970
Permanent or regular 103
Temporary or part-time 137
Total 240
Elections:
Registered voters last state election 15, 080
Number of votes cast last state election 10 964
Percentage of registered voters voting 72. 7%
Population:
1940 1, 870
1950 4, 284
1960 24, 356
1965 (special census) 30, 108
1970 35, 173
Estimated residential saturation point 49, 000
i
_�o�_