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HomeMy WebLinkAboutPublication SUMMARY FINANCIAL INFORMATION CITY OF BROOKLYN CENTER The purpose of this report is to provide a summary of financial information concerning the City of Brooklyn Center to interested citizens. The complete financial statements may be examined at Brooklyn Center City Hall, 6301 Shingle Creek Parkway, Brooklyn Center, MN 55430, or at the Brooklyn Center branch of the Hennepin County Public Library. Questions about this report should be directed to the Brooklyn Center Finance Department: 763 -569 -3345. Revenue and Expenditures for General Operations (Governmental Funds) Percent Total Total Increase 2006 2005 (Decrease) REVENUES: Taxes $ 15,586,370 $ 17,695,098 (11.92 %) Special Assessments 1,214,571 1,226,655 (0.99 %) Licenses and Permits 722,633 675,530 6.97% Intergovernmental Revenues 2,375,697 2,518,031 (5.65 %) Charges for Services 722,218 754,575 (4.29 %) Court Fines 25600 253,748 1.12% Interest 1,589,331 1,017,107 56.26% Change in fair value of investments 12,400 61,327 (79.78 %) Other 477,296 427,839 11.56% Total revenues S 22 S 24 -6.79% Per Capita 815.90 875.36 -6.79% EXPENDITURES Current: General Government $ 2,839,150 $ 2,586,993 9.75% Public Safety 7,299,842 7,014,528 4.07% Streets and Highways 1, 817,120 2,197,127 (17.30%) Culture and Recreation 2,212,142 2,121,130 4.29% Redevelopment & Housing 1,386,558 2,076,023 (33.21 %) Administrative Services Reimbursement (529,362) (754,085) (29.80 %) Other 487,139 401,398 21.36% Capital Outlay 5,918,472 8,335,916 (29.00 %) Debt Service 4,377,764 4,010,698 9.15% Total expenditures S 25 S 27 -7.79% Per Capita 917.26 994.77 -7.79% Total Long -term Indebtedness $ 27,95000 $ 29,36500 (4.82 %) Per Capita 993.35 1,043.64 (4.82 %) General Fund and Special Revenue Funds Unreserved Fund Balance - December 31 $ 30,370,901 $ 32,077,138 (5.32 %) Per Capita 1,079.39 1,140.03 (5.32 %) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF FUND NET ASSETS PROPRIETARY FUNDS December 31, 2006 Major Enterprise Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course Heritage Center Utility Utility Utility Enterprise Enterprise Service Assets: Current assets: Cash and cash equivalents $ 949,471 $ 81,900 $ 1,141,255 $ 1,811,509 $ 1,926,733 $ 1,353,496 $ 10707 $ 7,372,031 $ 7,488,356 Accounts receivable - net 7,780 - 223,561 380,020 816,289 333,141 116,511 1,877,302 14,771 Special assessments receivablc - - - 350,856 2,343 231 - 353,430 - Due from other governments - - - - 93,811 - - 93,811 - Prepaid items 21,432 - 5,499 500 149,850 - - 177,281 - Inventories - at cost 511,212 1,784 27,101 1049 - - - 558,746 29,971 Total current assets 1,489,895 8304 1,397,416 2,561,534 2,989,026 1,686,868 224,178 10,43201 7,533,098 Noncurrent assets: Capital assets: Land - 1,390,402 1,493,300 23,093 3,389 287,158 - 3,197,342 - Land improvements - 40,258 327,830 - - - - 36808 166,108 Buildings and structures 192,771 487,946 11,039,134 3,033,212 2,710,146 - - 17,463,209 - Machinery and equipment 111,167 11,160 195,529 12808 179,130 - - 625,654 6,179,996 Mains and lines - - - 15,268,189 13,657,909 13,598,030 - 42,524,128 - Construction in progress - - - 677,964 658,069 579,058 - 1,915,091 - Total capital assets 303,938 1,929,766 13,055,793 19,131,126 17,208,643 14,464,246 - 66,093,512 6,346,104 Less: Allowance for depreciatior. (202,942) (239,874) (5,735,862) (10,476,013) (8,065,730) (3,124,595) - (27,845,016) (3,785,989) Net capital assets 100,996 1,689,892 7,319,931 8,655,113 9,142,913 11,339,651 - 38,248,496 2,560,115 Total assets 1,590,891 1,773,576 8,717,347 11,216,647 12,131,939 13,026,519 224,178 48,681,097 10,093,213 Liabilities: Current liabilities: Accounts payable 123,777 560 49,712 44,359 33,577 1,607 2,443 256,035 92,474 Accrued salaries payable 9,778 1,170 16,745 7,399 3,738 1,353 - 40,183 6,033 Contracts payable - - 180,247 - - - - 180,247 - Due to other governments 46,916 163 1058 634 580,465 - - 646,836 - Deposits payable - - 242,810 50 - - - 242,860 - Deferred revenue 485 - 1,600 122,819 - - - 124,904 - Advances from other funds - 792,488 - - - - - 792,488 - Compensated absences payable - current - - - - - - - - 96,425 Accrued health insurance liability - current - - - - - - - - 85,700 Total current liabilities 180,956 794,381 509,772 175,261 617,780 2,960 2,443 2,283,553 280,632 Noncurrent liabilities: Compensated absences payable- long -terry - - - - - - - - 867,823 Accrued health insurance liability- long -terry - - - - - - - - 2,467,636 Total noncurrent liabilities - - - - - - - - 3,335,459 Total liabilities 180,956 794,381 509,772 175,261 617,780 2,960 2,443 2,283,553 3,616,091 Net assets: Invested in capital assets, net of related debt 100,996 1,689,892 7,319,931 8,655,113 9,142,913 11,339,651 - 38,248,496 2,560,115 Unrestricted 1,308,939 (710,697) 887,644 2,386,273 2,371,246 1,683,908 221,735 8,149,048 3,91707 Total net assets 7409,935 979,195 8,207,575 11,041,386 11,514,159 13,023,559 221,735 46,397,544 6,477,122 CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS For the Year Ended December 31, 2006 Major Enterprise Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course Heritage Center Utility Utility Utility Enterprise Enterprise Service Operating revenues: Sales and user fees $ 5,158,987 $ 250,339 $ 4,260,168 $ 1,881,454 $ 3,092,574 $ 1,32307 $ 463,929 $ 16,431,058 $ 1,472,708 Cost of sales 3,922,143 - 2,128,951 - - - - 6,051,094 - Total operating revenues 1,236,844 250,339 2,131,217 1,881,454 3,092,574 1,32307 463,929 10,379,964 1,472,708 Operating expenses: Personal services 469,203 130,070 881,578 377,065 148,811 59,162 - 2,06509 959,207 Supplies 25,291 14,895 156,069 142,843 11,466 1038 794 369,996 34905 Other services 151,072 87,623 404,076 372,014 2,485,479 334,542 257,400 4,092,206 107,954 Insurance 11,229 7,433 44,640 12,787 5,729 2,577 3,342 87,737 49,841 Utilities 37,106 18,873 221,342 151,428 30,934 - 145,536 605,219 2,014 Rent 24201 - 148,323 - - - - 391,124 - Depreciation 26,359 27,170 578,401 578,159 503,231 540,962 - 2,254,282 465,491 Total operating expenses 963,061 286,064 2,434,429 1,634,296 3,185,650 95501 407,072 9,866,453 1,933,592 Operating income (loss) 273,783 (35,725) (303,212) 247,158 (93,076) 367,726 56,857 513,511 (460,884) Nonoperating revenues (expenses Investment earnings 37,095 2,252 46,479 67,357 106,275 70,739 7,034 337,231 326,731 Special assessments - - - 21,502 184 - - 2106 - Gain (loss) on sale of capital asset - - - - - - - - 30,651 Other revenue 7,894 105 37,644 3,419 93,811 - - 142,873 35,383 Total nonoperating revenues (expenses) 44,989 2,357 84,123 92,278 200,270 70,739 7,034 501,790 392,765 Income (loss) before contributions and transfers 318,772 (33,368) (219,089) 339,436 107,194 438,465 63,891 1,015,301 (68,119) Capital contributions - - 40,903 (59,511) - 324,771 - 306,163 168,316 Transfers in - 4900 - - 29,755 - - 78,755 36,542 Transfers out (125,000) - (300,000) (42,826) (13,071) (176,011) (31,296) (688,204) - Change in net assets 193,772 15,632 (478,186) 237,099 123,878 587,225 32,595 712,015 136,739 Net assets - January 1, as previously stated 1,216,163 963,563 085,761 10,725,703 11,242,343 12,233,650 189,140 45,256,323 6,340,383 Prior period adjustment - - - 78,584 147,938 20204 - 429,206 - Net assets - January 1, restated 1,216,163 963,563 805,761 1004,287 11,390,281 12,436,334 189,140 4505,529 6,340,383 Net assets - December 31 1,409,935 979,195 8,207,575 11,041,386 11,514,159 13,023,559 221,735 46,397,544 6,477,122 CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended December 31, 2006 Maj or Enterprise Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course Heritage Center Utility Utility Utility Enterprise Enterprise Service Cash flows from operating activities: Receipts from customers and users $ 5,159,152 $ 250,339 $ 4,203,921 $ 1,807,939 $ 2,910,510 $ 1,273,153 $ 455,209 $ 16,060,223 $ - Receipts from interfund services provided - - - - - - - - 1,462,061 Payments to suppliers (4,381,111) (128,239) (3,029,654) (681,291) (1,970,070) (361,275) (429,284) (10,980,924) (449,730) Payments to employees (468,976) (130,294) (879,033) (377,214) (147,615) (59,048) - (2,062,180) (448,980) Miscellaneous revenue 7,894 105 37,644 3,419 93,811 - - 142,873 35,383 Net cash flows provided (used) by operating activities 316,959 (8,089) 332,878 752,853 886,636 852,830 25,925 3,159,992 598,734 Cash flows from noncapital financing activities: Principal repayments on advance - (7,512) - - - - - (7,512) - Transfers in - 49,000 - - - - - 49,000 10,400 Transfers out (125,000) - (300,000) - - (59,400) (31,296) (515,696) - Special assessments - - - (7,970) 445 39 - (7,486) - Interfund payable - - - (26,845) (5,837) - - (32,682) - Net cash flows provided (used) by noncapital financing activities (125,000) 41,488 (300,000) (34,815) (5,392) (59,361) (31,296) (514,376) 10,400 Cash flows from capital and related financing activities: Capital contributions - - - - - - - - 80,000 Acquisition and construction of capital assets - - - (692,064) (658,069) (571,589) - (1,921,722) (1,131,677) Proceeds from sale of assets - - - - - - - - 163,669 Net cash flows provided (used) by capital and related financing activities - - - (692,064) (658,069) (571,589) - (1,921,722) (888,008) Cash flows from investing activities: Interest on investments 37,095 2,252 46,479 67,357 106,275 70,739 7,034 337,231 326,731 Net increase (decrease) in cash and cash equivalents 229,054 35,651 79,357 93,331 329,450 292,619 1,663 1,061,125 47,857 Cash and cash equivalents - January 1 720,417 46,249 1,061,898 1,718,178 1,597,283 1,060,877 106,004 6,310,906 7,440,499 Cash and cash equivalents - December 31 $ 949,471 $ 81,900 $ 1,141,255 $ 1,811,509 $ 1,926,733 $ 1,353,496 $ 107,667 $ 7,372,031 $ 7,488,356 Reconciliation of operating income to net cash provided (used) by operating activities: Operating income (loss) $ 273,783 $ (35,725) $ (303,212) $ 247,158 $ (93,076) $ 367,726 $ 56,857 $ 513,511 $ (460,884) Adjustments to reconcile operating income (loss) to net cash flows from operating activities: Depreciation 26,359 27,170 578,401 578,159 503,231 540,962 - 2,254,282 465,491 Changes in assets and liabilities: (Increase) decrease in receivables - - (37,847) (58,518) (182,064) (50,454) (8,720) (337,603) (5,780) (Increase) decrease in inventories 43,088 4 (2,703) (1,293) - - - 39,096 1,464 (Increase) decrease in prepaid expenses (837) - (1,510) - (20,304) - - (22,651) - Increase (decrease) in payables (33,720) 581 59,560 (3,776) 583,842 (5,518) (22,212) 578,757 57,700 Increase (decrease) in accrued expenses 227 (224) 2,545 (149) 1,196 114 - 3,709 505,360 Increase (decrease) in deferred revenue 165 - - (12,147) - - - (11,982) - Other nonoperating income 7,894 105 37,644 3,419 93,811 - - 142,873 35,383 Total adjustments 43,176 27,636 636,090 505,695 979,712 485,104 (30,932) 2,646,481 1,059,618 Net cash provided (used) by operating activities $ 316,959 $ (8,089) $ 332,878 $ 752,853 $ 886,636 $ 852,830 $ 25,925 $ 3,159,992 $ 598,734 Noncash financing activities: Capital contributions $ - $ - $ - $ - $ - $ - $ - $ 5,000 Capital asset transfers - - - (102,337) 16,684 - - 109,458 Gain on sale of assets - - - - - - - 30,651 City of Brooklyn Center (official Publication) SUMMARY FINANCIAL INFORMATION - ...z CITY OF BROOKLYN CENTER The purpose of this report is to provide a summary of financial information concerning newspapers the City of Brooklyn Center to interested citizens. The complete financial statements may be examined at Brooklyn Center City Hall, 63 0 1 Shingle Creek Parkway, Brooklyn AFFIDAVIT OF PUBLICATION Center, MN 55430, or at the Brooklyn Center branch of the Hennepin County Public Library. Questions about this report should be directed to the Brooklyn Center Finance STATE of MINNESOTA } Department : 763- 569 -3345. ) SS. Revenue and Expenditures for General operations COUNTY OF H EN N EPI N } ( Governmental Funds Percent Richard Hendrickson, bein g y sworn on duly Total Total Increase an oath, states or affirms that he is the Chief REVENUES: Zoos Zoos (Decrease) Financial Officer of the newspaper known as Taxes $ 15,586,370 $17,695,098 (11.92 %) Sup -Post Special Assessments 1,214,571 1,226,655 (0.99°/0) and has full knowledge of the facts stated Licenses and Permits 722,633 675,530 6.97% Intergovernmental Revenues 2,375,697 2,518,031 (5,65 %) below: Charges for Services 722,218 754,575 {4.29°/x} (A) The newspaper has complied with all of Court Fines 256,600 253,748 1.12% the requirements constituting qualifica- Interest 1,589,331 1,017,107 56.26% tion as a qualified newspaper as provid- Change in fair value of investments 12,400 61,327 (79.78°/x) ed by Minn. Stat. §331 A.02, §331A.07, Other 477,296 427,839 11.56 and other applicable laws as amended. Total revenues $ 22,957,1'16 $ 24,629,910 - 6.7910 (B) The printed public notice that is attached Per Capita 815.90 875.36 - 6.79 0 I6 EXPENDITURES was published in the newspaper once Current: each week, for o ne — successive General Government $ 2,839,150 $ 2,586,993 9.75% weeks); it was first published on Thurs- Public Safety 7,299,842 7,014,528 4.07% Streets and Highways 1,817,120 2,197,127 (17.30 %) day, the 21 day of June 2007, and was thereafter printed and Culture and Recreation 2,212,142 2,121,130 4.29% p Redevelopment & Housing 1,386,558 2,076,023 (33.21°/x) published on every Thursday to and in- Administrative Services Reimbursement (529,362) (754,085) (29.80 %) cluding Thursday, the _ day of Other 487,139 401,398 21.36% 2007; and printed Capital Outlay 5,918,472 8,335,916 (29.00 %) below is a copy of the lower case alpha- Debt Service 4,377,764 4,010,698 915% bet from A to Z, both inclusive, which is Total expenditures $ 25,808,825 $27,989,728 - 7.791 Per Capita 917.26 994.77 -7.79% hereby acknowledged as being the size Total Long -term Indebtedness $ 27,950,000 $29,365,000 (4.82 %) and kind of type used in the composition Per Capita 99135 1,043.64 (4.82°/x) and publication of the notice: General Fund and Special Revenue Funds abcdefghijklmnopgrstuvwxyz Unreserved Fund Balance - December 31 $ 30,370,901 $32,077,138 (5.32°/°) Per Capita 1,079.39 1,140.03 (5.32°1x) (June 21, 2007 )p1 -1 summary c BY: CFO Subscribed and sworn to or affirmed before me on this 21 day of June , 2047. Notary ublic • MARY ANN CARLSON NOTARY PUBLIC -- MINNESOTA MY COMMISWON EXPIRES 1 -31-49 i RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 2.85 per line for comparable space (2) Maximum rate allowed by law $ 6.20 per line (3) Rate actually charged $ - -- 1.30 per line City of Brooklyn Center (Official Publication) CITY OF BROOKLYN CENTER, MINNESOTA F ,...� �,...r ��,,,,� STATEMENT OF FUND NETASSETS ^ - ---�--- - - —�-- PROPRIETARY FUNDS -- -- December 31, 2006 newspaper (June 21, 2007 )p1 -2 Prop BS AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA } ) ss. COUNTY OF HENNEPIN } Richard Hendrickson, being duly sworn on an oath, states or affirms that he is the Chief Financial Officer of the newspaper known as Sun -Post and has full knowledge of the facts stated below: (A) The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provid- ed by Minn. Stat. §331A.02, §331A.07 and other applicable laws as amended. (B) The printed public notice that is attached was published in the newspaper once each week, for o _ successive weeks ); it was first published on Thurs- day, the 21 day of June 2007, and was thereafter printed and published on every Thursday to and in- cluding Thursday, the day of , 2007; and printed below is a copy of the lower case alpha- bet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefg h i j kl m n o pq rst uvwxyz r 3 CFO Subscribed and sworn to or affirmed before me on this 21 day of June , 2007. G Notary Pu �ic MARY ANN CARLSON NOTARY PUBLIC – MINNESOTA MY COMMISSION EXPIRES 1 ORO t 0 RATE INFORMATION (1 ) Lowest classified rate paid by I* commercial users $ 2.85 per line for comparable space (2) Maximum rate allowed by law $ 6.20 per line (3) Rate actually charged $ 1.30 per line .. x3 f`9 i.'c +i'(.. �` � ...w arnmunity www.mnSun.com - Thursday, June 21, 2007 B r ooklyn Center & Br ooklyn Park Sun -Post 25A 41 City of Brooklyn Center {Official Publication} CITY OF BROOKLYIN CENTER, MINNESOTA STATEMENT OF FUND NET ASSETS PROPRIETARY FUNDS December 31, 2006 Major Enterprise Other Municipal. Golf Earle Brown Water Sanitary Sewer Storm Drainage � Nonmajor Total Internal Li uor Course Heritage Center Utility _ Utility Utility Enterprise Enterprise Service Assets: Current assets: Cash and cash equivalents $ 949,471 $ 81,900 $ 1,141,255 $ 1,811,509 $ 1,926,733 $ 1,353,496 $ 107,667 $ 7 $ 7,488 Accounts receivable - net 7,780 - 223,561 380,020 816,289 333,141 116,511 1,877,302 14 Special assessments receivable - - - 350,656 2,343 231 - 353,430 - Due from other governments - - - - 93,811 - - _ .93,811 Prepaid items 21,432 - 5 500 149,850 - - 177,2$1 - Inventories - at cost 511,212 1,784 27,101 18,649 - - - 558,745 29,971 Total current assets 1 , 489,895 _ 83,684 -_ 1,397,416 2,561,534 2989,026. 1,686,868 224 _ 10,432,601 7,533,098 Noncurrent assets: Capital assets: .and - 1,390,402 1-,493,300 23,093 3,389 287 3,197,342 - Land improvements - 40,258 327,830 - - - - 368,088 166,108 Buildings and structures 192,771 487,946 11,039,134 3,033,212 2,710,146 - 17,463,209 - Machinery and equipment 111,167 11,,160 195,529 128,668 179,130 - - 625,654 6,179,996 Mains and lines w - - - 15,268,189 13,6571909 13,598,030 42,524,128 - Construction in progress - - - 677 658,069 579 - 1,915 09'1 - Total capital assets 303,938 1,929,766 13,455,793 19,131,126 17,208,643 14,464,246 - 66,093,512 6,346,104 Less: Allowance for depreciation __ L202 _, 942 ) _ (239,874) (5,735,862) - (10,476,013) _ (8,065,730) (3,124,5 - (27,845,016) - _ (3,785,989 Net capital assets 100 996 1,689,892 7,319,931 ..8 9,142 11,339,651 - 38,248,496 2560 115 Total assets 1,590,891 1,773,576 8,717,347 _ 11,216,647 _ 12,131,939 13,026,519 224,178 48,681,097 ^ 10,093,213 L Current liabilities: Accounts payable 123,777 560 49 44,359 33 1,607 2,443 256,035 92,474 Accrued salaries payable 9,778 1,170 16,745 7,399 3,738 1,353 - 40,183 6,033 � Contracts payable - - .:180,247 - - - - 180,247 Due to other governments 46,916 163 18,658 634 580,465 - - 646,836 Deposits. payable = - 242,810 50 - - - 242,860 Deferred revenue 485 - 1,600 122,819 - - - 124,904 - Advances from other funds - 792,488 - - - - - 792,488 Compensated absences payable- current - - - - - - - - 96,425 Accrued health insurance liability- current - - - - - - - 85,700 Total current liabilities 180,956 794,381- 509,772 175,261 61.7,780 2,960 2,443 2,283,553 280,632 Noncurrent liabilities: 1 Compensated absences payable - long -term e - - - - - - - 867,823 I � Accrued health insurance liability- long -term - - - - - - - - 2,467,636 i Total noncurrent liabilities - - - - - - - - 3,335,459 l Total liabilities 180,956 794,381 509,772 175,261 617,780 2,960 2,443 2,283,553 3,616,091 Net assets: Invested in capital assets, net of related debt 100,996 1,689,892 7,319,931 8,655,113 9,142,913 11,339,651 - 38,248,496 2,560,115 Unrestricted 1,308,939 -- 5710,697h 887 fi44 2,386,273 2,371,246 1,683,908 221,735 8,149,048 3,917 007 l Total net assets $ 1,409,935 $ 979,195 $ 8,207,575 $ 11,041,385 $ 11,514,159 $- 13,023,559 $ 221,735 $ 46,397,544 $ 6,477,122 I (June 21, 2007)p1 -2 Prop BS i � Cit f Broo Center � Y (Official Publication) .� CITY OF BROOKLYN CENTER, MINNESOTA ...�.� STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS •wuw1YMY11F ,ww� .•..w.w.w_ S t • •. -•- PROPRIETARY FUNDS newspap For the Year Ended December 31, 2006 AFFIDAVIT of PUBLICATION (June 21, 2007 )p1 -3 Prop O5 STATE OF MINNESOTA } } ss. COUNTY OF HENNEPIN } Richard Hendrickson, being duly sworn on an oath, states or affirms that he is the Chief Financial Officer of the newspaper known as Sun -Post and has full knowledge of the facts stated below: (A) The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provid- ed by Minn. Stat. §331A.02, §331A.07 and other applicable laws as amended. (B) The printed public notice that is attached was published in the newspaper once each week, for one _ successive weeks ); it was first published on Thurs- day, the 21 day of June , 2007, and was thereafter printed and published on every Thursday to and in- cluding Thursday, the _ day of , 2007; and printed below is a copy of the lower case alpha- bet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: a bcdefg h i j kl m n o pq rst uvwxyz BY: CFO Subscribed and sworn to or affirmed before me on this 21 day of June , 2007. Notary lc MARY ANN CARLSON NOTARY PUBLIC - MINNESOTA MY COMMISSION EXPIRES 1,31 -09 i RATE INFORMATION ( 1 ) Lowest classified rate paid by commercial users $ 2.85 per line for comparable space (2) Maximum rate allowed by law $ 6.20 per line (3) Rate actually charged 1 .30 ... per line City of Brooklyn Center (Official Publication) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS For the Year Ended December 3 , 2006 Major Enterprise Other Municipal - Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal _Liquor Course. Heritage Center Utility _ _ � Utility . _ Utility - _ Enterprise _ Enter prise Service gperatin rg, avenues: � � - Sales and user fees $ 5,158,987 $ 250,339 $ 4,260,168 $ .1,881,454 $ 3,092 $ 11323,607 $ 463,929 $ 16,431,058 $ 1,472,708 � Cost. of sales 3,922,143 - 2,128,951 - - - - _ 6.051,0_94 - 1 Total operating revenues 1,236,844 250,339 2,131,217 1,881,454 3,092,574 1323,607 463,929 _ 10;379,964 1,472,708 i Op erating ex enses: Personal services 469,203 130,070 881,578. 377,065 148,811 59,162 - 2,065,889 959,207 .Supplies 25,291 14,895 156,069 142,843 11,466 18,638 794 - 369,996 349,085 Other services 151,472 .87,623 404,076 372,x14 2,485,479 334,542 - 257,400 4,092,206 107,954 Insurance 11,2.29 7,433 44,640 12,787 5,729 2,577 3,342 87,737 .49,841 Utilities 37,106 18,873 22'1;342 151,428 30,934 - 145,536 605 2,01 Rent 242,801 - 148,323 - - - - 391124 Depreciation _ 26,359 27,170 578,401 578,159 _ 503,231 540,962 ` - 2,254,282_ 465,491 r Total operating expenses 9B3 061 286 2 _ 434 429 1,fi34 296 3'185 650 955 881 407,072 , 9 1,933,592 Operating income (loss) 273,783 _ (35,725) {303,212} ^� 247158 _ �93,076� - 367,726 56,857 513,511 X460,884} Nonopera-tinq revenues(expensesy Investment earnings 37,095 2,252 .46,479 67,357 106,275 70,739 7,034 337,231. 326,731. Special assessments - - - 21,502 184 - 21,686 - iGain (loss) on sale of capital asset - - - - - - _ 30,651 Other revenue 7,894 105 37,644 3,419 93,811 - - 142,873 35,383 Total nonoperating revenues (expenses) 44,989 2,357 84,123 _ _ 92,278 _ - 200,270 70,739 7,034 _ 501,790 392,765 Income (loss) before contributions and transfers 318,772 (33,368) (219,089) 339,436 107,194 438,465 63,891 1,015,301 (68,119) Capital contributions - - . 40,903 (59,511) - 324,771 - 306,163 168,316 Transfers in - 49,000 - - 29,755 - - 78,755 35,542 Trans out X125,000} - 5300,000} (42,826) (13,071 _ {176,011.} {31,296} _ (688,204) ! Change in net assets 193,772 15,632 L 478,1§61 237,099 123,878 587,225 32,595 _ 712,015 136 739 s - -- l -Net assets - January 1, as previously stated 1,216,163 963,563 8,685,761 10,775,703 11,242,343 12,233,650 189,140 45,256,323 6,340,383 Prior period adjustment - _ - - 78,584 147 _ 202,884 - 429,206 - - ,529 " Net assets - January 1, restated _ 1,26,163 963,583 8,685,761 10, 804,287 11 390 8 281 12,43fi, 334 189140 45,685 6 340 383 .. = _ T l Net assets - December 31 $ 1,409,935 $ 979,195 $ 8207,575 $ 11,041,3W $ 11,514,159 -$ 13 023 559 $ 221 ,735 $ 46,397 544 � $. 1. 477, 22- (June 21, 2007)p1 -3 Prop OS !Legal Notices continued on next page City of Brooklyn Center (official Publication) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF CASH FLOWS }.......... ,.war ,..,........ •. � `��"' � .�-- .--. -. PROPRIETARY FUNDS ne vvsp' a pe r s For the Year Ended December 31, 2006 AFFIDAVIT OF PUBLICATION (June 21, 2007)p1 -4 Prop CF STATE OF MINNESOTA } �, ) -ss. COUNTY OF HENNEPIN } Richard Hendrickson, being duly sworn on an oath, states or affirms that he is the Chief Financial officer of the newspaper known as Sun -Post and has full knowledge of the facts stated below: (A) The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provid- ed by Minn. Stat. §331A.02, §331A.07, and other applicable laws as amended. (B) The printed public notice that is attached was published in the newspaper once each week, for one - successive week(s); it was first published on Thurs- day, the 21 day of ,tune , 2007, and was thereafter printed and published on every Thursday to and in- cluding Thursday, the _ day of 2007; and printed below is a copy of the lower case alpha- bet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefg hi j ki mnopq rstuvwxyz r BY: CFO Subscribed and sworn to or affirmed before me on this 21 day of June , 2007. Notary Public wo MARY ANN CARLSON NOTARY PUBLIC — MINNESOTA MY COMMISSION EXPIRES 1 -31-09 RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 2.85 per line for comparable space (2) Maximum rate allowed by law $ 6.20 per line (3) Rate actually charged $ __ 1.30 per line City of Brooklyn Center (Official Publication) CITY OF BROOKLYN CENTER, MINNESOTA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Year Ended December 31, 2005 Major . Enterprise_ Other Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total Internal Liquor Course' Heritage Center - utility _ uti1gy utility - Enterprise _ _ Enterprise Service Cash flows from operating activities: - -- - Receipts from customers and users $ 5,159,1.52 $ 250,339. $ 4,203,921 $ 1,807,939 $ 2,910,510 $ 1,273,153 $ 455,209 16,060,223 $ - Receipts from interfund services provided - - _ _ _ _ 1,452,061 Payments to suppliers (4,381,111) {128,239} (3,029,654) (681,291) (1,970,070) (361,275) (429 .(10,980,924) (449,730) Payments to employees (468,976) (130,294) (879,033). (37 (147,615) (59,048) _ (2,062,180) (448,980) Miscellaneous revenue 7,894 105 37,644 3,419 -, 93x811 - - 142,873 35,383 Net cash flows provided. (used) 'by' operafing activities 316959 (8 332,878 752,853 886 636 852,830, 25,925 3,159,992 598,734 Cash flows from noncapital financing activities: Principal repayments on advance - {7,512} - - - - - {7,512) . - Transfers in - 49,000 - - - - - 49,.000 10,4 Transfers out (125 - {30tI,00a} - {59,400} (31,296) (515,996) - Special assessments - - - (7,970) 445 39 - (7,485) - Interfund payable _ _ - (26,845) [5,837} - (32,682} - Net cash flows provided (used) by nvncapital financing act vibies 125 400 _ 41,488 (309,000) 34 815 ,, (5,392} (59,361) (31 � 514 376 10,400 Cash flows from capital and related financing activities: - - - w _ _ _ - Capital contributions 80,000 Acquisition and construction of capital assets - - - (692,084) (658,069) (571,569) - (1,921,722) (1,131,677) ` Proceeds from sale of assets - - - - - - - - 16_3,669 Net cash flows provided (used) by capital and related financing actNides - - - (692 _ {858,069} �571,589� - {1,91,722� (888,008 Cash flows from investing activities: Interest on investments 37,095 _ 2 52 _ 46,479 .67,357 106,275 70J39 7,034 _ 337231 329,731 I . Net increase (decrease) in cash and cash equivalents 229,054 35,659 79,357 93,331 329,450 292,619 1,663 1,061,125 47,857 Cash and cash equivalents - January -1 720417 _46,249 1,061,898. 1,718,178 1,597 1: 060 877 1 06,00_4 `_ 7,440,489 Cash and cash equivalents - December 31 $ 949 471 $ 87 900 $ 1 141 255 1 811 509 ' $ 1 926 733 $ 1 353 496 $ 1 ©7 967 $ 7 372 031 $-7488 , 356 Reconciliation of operating income to net cash provided (used) by operating activities: _. Operating income (loss) $ 273,783 - - _$ - 5, -725} $ 303 212 , $ 247,158 $ (93,076) $ 367,726 $ _ 56,857 $ 5135-1.1 $ i460�8") . Adjustments to reconcile operating income {loss} -' to net cash flows from operating activities: Depreciation 26,359 27,170 578,401 578,159 503,231 540,962 - 2,254,282 465,499 Changes in assets and liabilities: {Increase} decrease in receivables - - {37,847} (58,5.18) (1- 82,064) (50,454) - - (8,720) (337,603) {5,760} (Increase) decrease in inventories 43,088 4 (2 (1,293) - - 39,098 1,484 (Increase) decrease in prepaid expenses (837) (1,510) - (20,304) - (22,651] - Increase {decrease} in payables (33, 720) 581 59,560 (3,776) 583,842 (5, 518). (22,212) 578, 757 57,700 Increase {decrease} in accrued expenses 227 (224) 2,545 (149) 1,196 114 - 3,7039 505,360 - Increase (decrease) in deferred revenue 165 - - - - - - . 412,7 47} {11,982} Other nonoperating income _7 105 37,644 3,419 93,81'1 - 142 3$ Total adjustments 43,176 27,636 - . 636 090 505,695 979,712 485104 (30,932) 2;649 '1,059,618 Net cash provided (used) by operating aces $ 3'16959 ^$ (8,089} 332,878Y 152 $ _886 3 _ $ _ 852,830 $ 25,925 $ 3,159 982 $ 598 734 . Noncash financing activities: r � Capital contributions $ - $ - $ . - $ $ - $ - $ - $ 5000 Capital asset transfers - - - (102,337) 16,684 - - 109,458 Gain on sale of assets - - - - - 30,651 (June 21, 2007)p 1 -4 Prop CF Le ice cont n pag - egg a � o . _ a Notices s o . u n ext