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
2008 2007 (Decrease)
REVENUES:
Taxes $ 16,562,405 $ 16,187,546 2.32%
Special Assessments 1,289,148 1,364,413 (5.52 %)
Licenses and Permits 643,736 673,156 (4.37 %)
Intergovernmental Revenues 2,211,560 3,171,745 (30.27 %)
Charges for Services 761,404 705,736 7.89%
Court Fines 302,986 291,423 3.97%
Interest 685,120 1,497,740 (54.26 %)
Change in fair value of investments 48,757 21,763 124.04%
Other 449,061 404,420 11.04%
Total revenues S 22 S 24 (5.61%)
Per Capita 822.52 871.58 (5.63 %)
EXPENDITURES
Current:
General Government $ 3,575,147 $ 2,951,188 21.14%
Public Safety 8,048,529 7,550,434 6.60%
Streets and Highways 2,13%864 2,310,846 (7.40 %)
Culture and Recreation 2,409,291 2,314,099 4.11%
Redevelopment & Housing 706,319 5,659,331 35.46%
Administrative Services Reimbursement (802,775) (744,590) 7.81%
Other 374,289 429,237 (12.80 %)
Capital Outlay 4,53103 4,524,524 0.14%
Debt Service 4,018,749 3,933,384 2.17%
Total expenditures S 31 S 28 10.48%
Per Capita 1,145.25 1,036.82 10.46%
Total Long -term Indebtedness $ 29,52500 $ 25,41000 16.19%
Per Capita 1,057.98 910.72 16.17%
General Fund and Special Revenue Funds
Unreserved Fund Balance - December 31 $ 18,245,186 $ 19,680,174 (7.29 %)
Per Capita 653.79 705.36 (7.31%)
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF FUND NET ASSETS
PROPRIETARY FUNDS
December 31, 2008
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 $ 1,318,525 $ 045 $ 1,153,340 $ 2,068,255 $ 2,191,302 $ 1,929,535 $ 72,996 $ 8 $ 6
Accounts receivable - net 7,780 - 262,111 493,372 819,675 364,834 112 2 14,794
Special assessments receivable - - - 560,178 1,823 231 - 562 -
Due from other funds 13500 - - - - - - 135 -
Interfund receivable - - - - - 4 - 4 -
Prepaid items 22,906 - 4 500 163 - - 192 -
Inventories 594,385 1 31,231 7 - - - 634 25,344
Total current assets 2,078,596 1042 1,45109 3,129,336 3,176,527 2,298,954 185 12,330,763 6
Noncurrent assets:
Capital assets:
Land - 1 1,493,300 20,734 3,389 287 - 3 -
Land improvements - 65,637 327,830 - - - - 393 166
Buildings and structures 192,771 487 11,267,201 3,033,212 2 - - 1706,553 -
Machinery and equipment 111,167 11,160 293,878 128 179,130 - - 724 7
Street lights - - - - - - 83,540 83,540 -
Mains and lines - - - 16,511,055 140903 20,745,425 - 51,926,163 -
Construction in progress - - - 739,522 1,183,531 919,394 329 3 -
Total capital assets 303,938 1 13,382,209 20,433,191 18,741,156 21,951,977 413 77,180,733 7
Less: Allowance for depreciation (255,732) (294,288) (6,892,515) (11,673,803) (9,144,934) (6,347,101) - (34,608,373) (3,799,654)
Net capital assets 48,206 100,857 6,489,694 8,759,388 9,596,222 1504,876 413 42,572,360 3
Total assets 2,12602 1 7,941,363 11,888,724 12,772,749 17,903,830 598 54,903,123 10,397,978
LIABILITIES
Current liabilities:
Accounts payable 118,122 2 67,418 14,794 4,796 1 14,520 223 30,772
Accrued salaries payable 1808 2,011 25,535 13,574 4,472 2 - 66,529 9
Due to other governments 50,074 29 14,631 2,316 - - - 67,050 -
Interfund payable - - - - - - 4 4 -
Contracts payable - - 147,338 - - - - 147 -
Deposits payable - - 230,254 2,100 - - - 232 -
Unearned revenue 514 - 1,600 109 - - - 111 -
Advances from other funds - 792 - - - - - 792 -
Compensated absences payable- current - - - - - - - - 107
Total current liabilities 187,598 796 486,776 142 9,268 3 18,874 1 147
Noncurrent liabilities:
Compensated absences payable- long -term - - - - - - - - 968
Net OPEB obligation - - - - - - - - 147
Total noncurrent liabilities - - - - - - - - 1,115,403
Total liabilities 187,598 796 486,776 142 9,268 3 18,874 1 1,263,119
NET ASSETS
Invested in capital assets 48,206 1,660,857 6,489,694 8,759,388 9,596,222 1504,876 413 42,572,360 3
Unrestricted 1,890,998 (786,181) 964,893 2,987,184 3,167,259 2,295,241 166 1085,559 5
Total net assets $ 1,939,204 $ 874,676 $ 7,454,587 $ 11,746,572 $ 12,763,481 $ 17,900,117 $ 579 $ 53,257,919 $ 91134,859
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSET
PROPRIETARY FUNDS
For the Year Ended December 31, 2008
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 $ 5,484,529 $ 253 $ 3,831,972 $ 1,967,534 $ 3,264,115 $ 1,553,036 $ 510,034 $ 1605,044 $ 1,490,179
Cost of sales 3,997,698 - 1,875,280 - - - - 5,872,978 -
Total operating revenues 1,486,831 253 056,692 067,534 3,264,115 1,553,036 510,034 10,992,066 1,490,179
OPERATING EXPENSES
Personal services 59707 146 894,062 449,506 175,905 79,710 - 2,343,323 729,655
Supplies 23,836 2006 123,906 138,465 1091 13,174 1,004 33902 486,940
Other services 176,419 80,488 526,185 407,076 2,218,759 296,203 285,532 3,99062 152,876
Insurance 11,514 6,056 51,588 12,598 5,202 2,618 2,743 92,319 53,120
Utilities 41,030 20,293 221,067 157,055 35,093 - 159,106 633,644 1,879
Rent 243,925 - - - - - - 243,925 -
Depreciation 26,431 27,244 579,118 611,328 553,549 763,536 - 2,561,206 631,250
Total operating expenses 1,120,842 301,140 2,395,926 1,776,028 307,199 1,155,241 448,385 10,204,761 2,055,720
Operating income (loss) 365,989 (47,316) (439,234) 191,506 256,916 397,795 61,649 787,305 (565,541)
NONOPERATING REVENUES (EXPENSES)
Intergovernmental - - - - - - - - 10,770
Investment earnings 33,918 870 31,443 52,847 71,524 48,679 4,041 243,322 170,062
Special assessments - - - 33,939 147 - - 3406 -
Gain (loss) on sale of capital asset - - - - - - - - 73,036
Other revenue 5,813 - 2 2,160 387 200 - 11,496 2606
Total nonoperating revenues (expenses) 39,731 870 34,379 88,946 72,058 48,879 4,041 288,904 28074
Income (loss) before contributions and transfers 405,720 (46,446) (404,855) 280,452 328,974 446,674 6500 1,076,209 (284,867)
Capital contributions - - 326,415 - - 1,457,408 329,577 2,113,400 -
Transfers out (135,000) - (235,000) - - - (50,175) (420,175) -
Change in net assets 270,720 (46,446) (313,440) 280,452 328,974 1,90402 345,092 2,769,434 (284,867)
Net assets - January 1, as previously reported 1,668,484 921,122 7,768,027 11,466,120 12,434,507 15,996,035 234,190 50,488,485 6,902,344
Change in accounting principle - - - - - - - - 2,517,382
Net assets - January 1 1,668,484 921,122 7,768,027 11,466,120 12,434,507 15,996,035 234,190 50,488,485 9,419,726
Net assets - December 31 $ 039,204 $ 874,676 $ 7,454,587 $ 11,746,572 $ 12,763,481 $ 17,900,117 $ 579,282 $ 53,257,919 $ 9,134,859
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For the Year Ended December 31, 2008
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
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users $ 5,486,174 $ 253,824 $ 3,886,705 $ 1,916,264 $ 3,215,858 $ 1,520,286 $ 507,274 $ 16,786,385 $ -
Receipts from interfund services provided - - - - - - - - 1,483,757
Payments to suppliers (4,545,575) (125,711) (2,798,310) (733,770) (2,290,761) (313,800) (463,817) (11,271,744) (729,448)
Payments to employees (591,270) (145,929) (885,464) (445,524) (174,365) (79,210) - (2,321,762) (526,834)
Miscellaneous revenue 5,813 - 2,936 2,160 387 200 - 11,496 37,576
Net cash flows provided (used) by operating activities 355,142 (17,816) 205,867 739,130 751,119 1,127,476 43,457 3,204,375 265,051
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers out (135,000) - (235,000) - - - (50,175) (420,175) -
Special assessments - - - (67,106) 407 - - (66,699) -
Interfund receivable (135,000) - - - - (4,354) - (139,354) -
Interfund payable - - - - - - 4,354 4,354 -
Net cash flows provided (used) by noncapital financing activities (270,000) - (235,000) (67,106) 407 (4,354) (45,821) (621,874) -
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Acquisition and construction of capital assets - (25,379) - (725,404) (1,095,864) (623,086) (83,540) (2,553,273) (792,282)
Proceeds from sale of assets - - - - - - - - 123,528
Net cash flows provided (used) by capital and related financing activities - (25,379) - (725,404) (1,095,864) (623,086) (83,540) (2,553,273) (668,754)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 33,918 870 31,443 52,847 71,524 48,679 4,041 243,322 170,062
Net increase (decrease) in cash and cash equivalents 119,060 (42,325) 2,310 (533) (272,814) 548,715 (81,863) 272,550 (233,641)
Cash and cash equivalents - January 1 1,199,465 50,970 1,151,030 2,068,788 2,464,116 1,380,820 154,859 8,470,048 6,836,296
Cash and cash equivalents - December 31 $ 1,318,525 $ 8,645 $ 1,153,340 $ 2,068,255 $ 2,191,302 $ 1,929,535 $ 72,996 $ 8,742,598 $ 6,602,655
Reconciliation of operating income to net cash
provided (used) by operating activities:
Operating income (loss) $ 365,989 $ (47,316) $ (439,234) $ 191,506 $ 256,916 $ 397,795 $ 61,649 $ 787,305 $ (565,541)
Adjustments to reconcile operating income (loss)
to net cash flows from operating activities:
Depreciation 26,431 27,244 579,118 611,328 553,549 763,536 - 2,561,206 631,250
Changes in assets and liabilities:
(Increase) decrease in receivables 1,577 - 44,719 (33,078) (48,257) (32,750) (2,760) (70,549) (6,333)
(Increase) decrease in inventories (85,935) 590 (411) 9,039 - - - (76,717) 7,700
(Increase) decrease in prepaid expenses (918) - (319) - (8,955) - - (10,192) -
Increase (decrease) in payables 35,700 1,142 10,460 (26,215) (4,061) (1,805) (15,432) (211) (42,333)
Increase (decrease) in accrued expenses 6,417 524 8,598 3,982 1,540 500 - 21,561 202,732
Increase (decrease) in deferred revenue 68 - - (19,592) - - - (19,524) -
Other nonoperating income 5,813 - 2,936 2,160 387 200 - 11,496 37,576
Total adjustments (10,847) 29,500 645,101 547,624 494,203 729,681 (18,192) 2,417,070 830,592
Net cash flows provided (used) by operating activities $ 355,142 $ (17,816) $ 205,867 $ 739,130 $ 751,119 $ 1,127,476 $ 43,457 $ 3,204,375 $ 265,051
Noncash financing activities:
Capital contributions $ - $ - $ 326,416 $ - $ - $ 1,457,408 $ 329,577 $ -
Gain on sale of assets - - - - - - - 73,036
City of Brooklyn Center
(Official Publication)
SUMMARY FINANCIAL INFORMATION
CITY OF BROOKLYN CENTER
The ur ❑se of this re
p p port is to provide a summary of financial information concerning the City of Brooklyn Center to in-
terested 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.
AFFIDAVIT OF PUBLICATION Revenue and Expenditures for General operations
(Governmental Funds)
STATE OF MINNESOTA } Percent
} ss. Total Total Increase
COUNTY OF H E N N E P I N REVENUES: 2008 2007 (Decrease)
Richard Hendrickson being duly sworn on Taxes $ 16,562,405 $ 16,187,546 2.32%
an oath, states or affirms that he is the Chief Special Assessments 1,289,148 1,364,413 (5.52 %) Licenses and Permits 643,736 673,156 (4.37°x°)
Financial Officer of the newspaper(s) known Intergovernmental Revenues 2,211,560 3,171,745 (30.27 %)
as Charges for Services 761,404 705,736 7.89%
Brooklyn Park, Brooklyn Center Sun -Post Court Fines 302,986 291,423 3.97%
Interest 685,120 1,497,740 (54.26 %)
Change in fair value of investments 48,757 21,763 124.04%
Other 449,061 404,420 11.44 ° /°
and has full knowledge of the facts stated Total revenues $ 22,954,177 $ 24,317,942 5.61 °/°
below: Per Capita 822.52 871.58 (5.63 %)
(A) The newspaper has complied with all of EXPENDITURES
I
the requirements constituting qualifica- Current:
tion as a qualified newspaper as provid- General Government $ 3,575,147 $ 2,951,188 21.14 °Ia
ed by Minn. Stat. §331A.02, §331A.07, Public Safety 8,048,529 7,550,434 6.60%
Streets and Highways 2,139,864 2,310,846 (7.40 %)
and other applicable laws as amended. Culture and Recreation 2,409,291 2,314,099
4.11%
B printed public notice that is attached
} The bli
p p Redevelopment &Housing 7,666,319 5,659,331 35.46 °I°
was published in said newspaper(s) Administrative Services Reimbursement (802,775) (744,590) 7.81%
once each week, for one successive Other 374,289 429,237 (12.80 %)
week(s); it was first published on Thurs- Capital Outlay 4,531,803 4,524,524 0.14 ° /°
Debt Service 4,018,749 3,933,384 2.17%
day, the 18 day of June
2009, and was thereafter printed and Total expenditures $ 31,9 $ 28,928,453 10.48%
Per Capita 1,145.25 1,035.82 10.46%
published on every Thursday to and in-
c I ud i n g Thursday, the day of Total Long -term Indebtedness $ 29,525,000 $ 25,410,000 16.19%
Per Capita 1,057.98 910.72 16.17%
2009; and printed General Fund and Special Revenue Funds
below 15 a Copy of the lower Case alpha- Unreserved Fund Balance - December 31 $ 18,245,186 $ 19,680,174 (7.29 ° / °)
bet from A to Z, both inclusive, which is Per Capita 653.79 705.36 (7.31%) hereby acknowledged as being the size
and kind of type used in the composition ( June 18, 2009)p1 -Fin stmts 01
and publication of the notice:
abode €g h i j k l m no pq rst u vwxyz
BY:
CFO
Subscribed and sworn to or affirmed
before me on this 18 day of
June ,2009
I
Notary Public
MARY ANN CARLSON
NOTARY PUBLIC — MINNESOTA
MY COMMISSION EXPIRES 1 31 -14
I
City of Brooklyn Center
(Official Publication)
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF FUND NET ASSETS
PROPRIETARY FUNDS
December 31, 2908
newspapers { June 18, 2099 }p1 -Fir1 stmts 02
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(s) known
as
Brooklyn Park, Brooklyn Center 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 said newspaper(s)
once each week, for one successive
weeks ); it was first published on Thurs-
day, the 18 day of June ,
2009, and was thereafter printed and
published on every Thursday to and in-
cluding Thursday, the day of
, 2009; 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 jklm nopq rstuvwxyz
r
.BY:
CFO
Subscribed and sworn to or affirmed
before me on this 18 day of
June , 2009
Notary Public
MARY ANN CARLSON
NOTARY PUBLIC - MINNESOTA
MY COMMISSION EXPIRES 1-31 -14
LEGAL N OTICE S
City of Brooklyn Center
(00icial Publication)
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF FUND NET ASSETS
PROPRIETARY FUNDS
December 31, 2008
Major Enterprise Other
Municipal Golf Earle Brown Water . Sanitary Sewer Storm Drainage Nonmajor Total Internal
Li uor Course Heritage Center Util' utility'. _ _ Utility Enterprise Enterprise Service
ASSETS
Current assets:
Cash and cash equivalents $ 1,318 9 525 $ 8,645 $1,153,340 $ 2,068,255 $ 2;191,302 $ 1929,535 $ 72,996 $ 8,742,598 $ 61
Accounts receivable - net 7,780 - - 262,111 493,372 819,675 364,834 112,043, 2,059,815 14,794
Special assessments receivable - - 560,178 1,823 231 562,232
R
Due from other'funds 135,000 - - - - 135,0.00
lntertund receivable - - - - 4;954 4,354
items 2� 906 _ 4,987 500 1 fi3,727 _ 199,120 _
Prepaid to s _
- A - 44. a � �4
Inventories 594,385 1,47 31 .
,. 1 3129 388 3F76 527
793
2 �i78 59fi. 1(f 145 � � -
. "dotal curren
t assets ,
a
asse
Noncurre asse
asS�t
e 5:
�3
1 84 83
3.389 ?
1 390402 1 493 � 20,734 - - �,.:�-- ��:: �• _
Land , : a - � �. -
2?
393 ,
1
08
�5 637 �> -
v e is
lend im ro . n - _
_ 17` fi8fi 553
7
f 7
�1 3033 2 2 0 , -
92 771 487 94s: 11267 , -
�' turps 1 ,
Buildings and uc _, ,
", : :� 7 1
Machine and ui merit 1 t i ,167 t11 293 _
Aha 72. 38, 3
Machinery ,�I P - - -
83 540
°Street' li hts - - 1335 _ .
9
Mains and lines - - .18 3 511,055 14,669,683 20,745 ;425 51,925,163 20,433,191 -
_ - 739,522 1 183 531 91 � 394 329;577 3 # 72 Q24
_ Construction lri progress �. °rt
09 18,741,156. 21;951 977 413; 1:17 77,180,733 7,554;839
Totsl capital assets 303,938 1,955,145 13,382,20
Less: Allowance for depreciatipn 4255 732 [294,288) . 6 892 515 11 673 803 _ 9,144,9,34 }_ (6 = X34 :608,373} ( 3,799 1 M
Net capital assets 48,206 1 6fi0 857 6,489,694 _ 8•,759,388 9 59fi 222 15 fiO4 876 ;; 413;117.. 425 72 360 3 Z§§ _ 2 185
888 724 12 772 8
749 - _ 17,903 30 598156 "`54,903,12
• Total assets 2, .26,802 1,fi71,499 7941 3fi3 1 #, , , .. _ 3 10'39t
978
LIABILITIES
Current liabilities:
Accounts payable 118,122. 2,295 67,418 14,794 4,796 !; 14520 223,609 30,772
Accrued salaries payable 18;888 2,011 25,535 13,574 .4,472 2,049 6fi,529 9,349
Due to other governments - 59,074 29 14,631 2,316 - 67,050. -
4,354 4,354 -
Interfund payable - - - - - - 147,338
Contracts payable - _ 147,338 - - - -
Deposits payable- - - 230,254 2,100 _ _ -
' 232,354
111,482 _
Unearned revenue 5'14 1,600 109,38 _
i
Advances from -other funds 792,488 - - " 792,48
nsated . absences payable-�c errt _ ! 07 ;595_
C
omPe P� .
Total current lii bUities 187 598 , 798,823 48B 776 t 42152 9;2fi8 _- 3,7,13 > - 18 74 1 645 204 147716
Noncurri6irit liabilities: -
Compensated absences payabl~erm
Net OPEB obligation .14
Total noncurrent Iiabilities
TDta1'1ia1�ilities 187,598 796,823 4� 776 142152_ _ 9;258 3 7f3 � 18!874 1. G4a 244 .1 26.3 19
NET ASSETS
1rwe5ted in capital assets '48 1,660,857 6,489,694 8,759,388 .9,5966222 1'5,FU4,87s : 413,1.17 42,572,360 3,755,185
Unrestricted 1,8 998 1786J81) 9fi4 8 M. . 2 987184 31 B7 259 2295 24'1 1 fifi 1,65 10.685.5% 5 379&74:
Total : assets 1939 204 874 fi76 7454 587 i 1 74s 572 12 763 481 7 9DU 117 579 2 57 919 9 $59
(June 18, 2009]p1 -Fin stints 02
Notice n n page
. came v
- e al eft �
� F
City of Brooklyn Center
(Official Publication)
CITY OF BROOKLYN CENTER, MINNESOTA
= STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET MEMPNOM PROPRIETARY FUNDS
For the Year Ended December 31, 2908
ilew June 18, 2049 }p1 -Fin struts 03
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(s) known
as
Brooklyn Park, Brooklyn Center Sure -Post
and has full knowledge of the facts stated
below:
(A) The newspaper has complied with all of
the requirements constituting q ualifica-
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 said newspaper(s)
once each week, for one successive
weeks ); it was first published on Thurs-
day, the 18 day of June ,
2009, and was thereafter printed and
published on every Thursday to and in-
cluding Thursday, the of
2009; 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 bcdef g h i j k l m no p q rstu vwxyz
r
BY:
CFO
Subscribed and sworn to or affirmed
before me on this 18 day of
June , 2009
Notary Public
r
0000~0000 _004-4-00000"
MARY ANN CARLSON
NOTARY PUBUG — MINNESOTA
MY COMMISSION EXPIRES 1,31 -14
PIP 0 F01"000
City of Brooklyn Center ,
(Official Publication) !
.CITY OF BROOK - YN CENTER, MINNESOTA !
STATEMENT OF FUND NET ASSETS
PROPRIETARY FUNDS
December 31, 2008 I
Ma'or Enter rise Other _ I
Municipal- Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonm*r Total internal
Liquor Course Heritage Cente Utility Utility Utility Enterprise Enterprise Service
ASSETS _. - 9
Current assets:
Cash and cash equivalents $1,318,525 $ .8,645 $1,153,340 $ 2,068,255 $'2,191,302 $ 1,929,535 $ 72,996 $ 8,742,598 $ 6,602,655
I
Accounts receivable - net 7,784 - 2fi ,111 493,372 819,675 364 M . 112,043 ...2,059,815 14,794 !
Special assessments receivable - - - 560,178 1,823 231 - 552,232 -
Due from other funds 135,000 _ _ _ 1.35, -
Interfund receivable _ _ - - - . 4;354 4,354 - 1
Prepaid items 22 - 163,727 '.0 .
P ,90fi 4,987. 500 �- 192,1,20
lnventones _
594,385 1,!97. 1281 •7 f , . ; > 6
I:, ;
. Toga current assets .: • <. , w ..
2 X378
,596 f 4 #
,� 3129, 3,476,521` `' f ,7�i3 6 S . 93 i
- - 93
NE]nC1.irFeRt $SS e. -.: - .... - =.
,.
-.
C 8 . •f G .. .- yy� - I
k g�
1
390 402
1
300 2 7 et
3,389
Land A
3
_
Land fm nts
proveme B5 7 3 1
,63 # -GS 08
ii i _
d s
a nd struuctures
19
Bu -
2 771 7-
946 .. 1 # 2 7 1
�8 s 213 21
r!9 3033 2 705 23 ?`i7 5
u
� . ,4 ,685, 53
A�achine _
e ui er�t: ;;:
t11 J
ry q Pm , . fi ,160' 293 128 8 1791 : r.. 714 1588 73.1
x3 ,
Street ghts - 83 - 540
Mains and lines
1
_ ..
6,511;055 14,669,683 .24;7,420 :- 1;926,1 X63 1
Construction irr'progress - - - 739,522- 1,183,531 919 °394 329 3 024
Total capital assets 303,938 1,955,145 13,382,209 20,433,191 18,741,156 21,951,9 r 413,117 ^ 77,180,733 7,554,839 i
Less: Allowance for depreciation {255,732 (294,288] (fi,892,5.15) {11,573,803} {9,i 44,934 {5,347,141 ,_[34,fi08,373) 3 799 fi54 f
Net capital assets 48 1,660,857 6,489,694 8,759,388 .9 596 222 15 fiO4 $? - 413,117 2 572 360 3,755,'185.
Total assets 21126,802 1,671499 - 11 888 724 _12,772,749 17, ,890 T 598166 S4,903,123 10,397,978
- _
LIABILITIES
Current liabilities: {
1
Accounts payable'' 118,122 2,295, 67,418 . 14,794 4,796 1`;864 14,520 223,609 30;772 1
Accrued salaries payable 18 2,41 25 13,574 4,472 2, 049 66 9,349
Due to other governments 50 29 14,631 2,316 - _ 67,050
Interfund payable - - - - 4,354;;, 4,354
Contracts payable _ 147,338 - - - 147,838 -
Deposits payable - - 230,254 2,100 - - 23m2,354 _
Unearned r 514 _ 1 _ _ ;- _ _
rev enue �'Q i i � �A
Advan 4rom other fu nds - 792,488
792,488 -
Compensated absences payable - current _ _ _ - - _ '107,595 i
Total current liabilities 187.598 ' 796,823 4Bfi,776 142,152 9 268
Noncurrent liabilities: 3 77 3 18,874 1 G45 i 47,71�G
- -
►sated absences p 968,358,
I
Net OPEB obl n
.147.Or45
Total noncrrr+ent liabilities #,11.5 q
Total liabilites 1 796,823_ 488,776 _ 142,152 9,G8_ 3 71 "3 1$ 874 1�S4a,2UA� 1,283,119 !
NET ASSETS
Invested in capital :assets .48,206 . • 1,660,857 6;489,894 8,759,388 9;596,222 1.5,$04,876 413,117 2,572,3fi0 3;755,185 ,
Unrestricted 1;89[3,998 " 78 6,181 ] 964,893 2,997,184_ 3187 259 , 2,295,241 156,1fi5 10,685,559 5,379,674
w Total net assets 1,939 874,67L $ 7,454,587 $11,746,572 2 763 481 `17,900,117 579 282 T X19 $ 9,134,859
�..,_
(June.. 18, 2009]p1 -Fn stints 02 i
. I
-
Le Af Notices Continued` on next p age �
i
I
City of Brooklyn Center
(Official Publication)
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF CASH FLOWS
. _ . PROPRIETARY FUNDS ;
For the Year Ended December 31, 2008
newspapers June 18, 2009 }pi -Fin stmts 04
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(s) known
as
Brooklyn Park, Brooklyn Center Sun -Post
and has full knowledge of the facts stated
below:
(A) The newspaper has complied with all
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 said newspaper(s)
once each week, for one successive
weeks); it was first published on Thurs-
day, the 18 day of June ,
2009, and was thereafter printed and
published on every Thursday to and in-
cluding Thursday, the _ day of
2009; 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:
abcdefghijklmnopgrstuvwxyz
f
BY: 10
CFO
i
Subscribed and sworn to or affirmed
before me on this 18 day of
June , 2009.
I
Notary Public
MARY ANN CARLSON
NOTARY PUBLIC — MINNESOTA
MY COMMISSION EXPIRES 1 -31 -14
LEGAL NOTICE
City of Brooks n Center
(Official Publication)
CITY OF BROOKLYN CENTER, MINNESOTA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
For the Year Ended December 31 2008
Mi k Ente rise Other
Municipal Golf Earle Brown Water Sanitary Sewer Storm Drainage Nonmajor Total lntemai
Liquor Course Heritage Center UtilityL_ Utility _ - UtiI_itl► _ E rise Erderprise Service
CASH FLOWS FROM OPERATING ACTINITIES
Receipts from customers and users $ 51486,174 $ 253,824 $ 3,886,705 $ 1,918,264 $ 3,215,858 $ 1 $ 5D7,274 $ 16,786,385 $
Receipts €iom iferfund services provided _ - - - - - - 11483,757
Payments to suppliers (4,545,575) (125,711) . (2,798,310) (733,778) (2,290,7611) (313,840) (463,81 ( 11,271,744) (729,448)
Payments to employees (591,270)' (145,929) (885,464) (445,524) (174,365) (79,210) - (2 (526,834)-
5 813 - 2,938_ 2,1 B0 .387 200 _ _ f 1 496 - 37,576
Miscellaneous revenue _ .. _.
Net cash flows provided (used) by operating activities- 355J42 (17 205,867 � 739,130_ 751,119 1 # 2T 476 43 457 3,244 # 375_ 265,1
4 - - - - - - - (35 ._
CASH FLOWS FROM NONCAPfTAL RNANCING ACTIVITIES
Transfers out (135,400) - {235,000} - - - (54,175) (420,175) -
Special assessments - - (67,1 407 - - (66,6 -
Interfund receivable (135,aDO) - _ _ - (4,354; - (139,354)
Interfund payable - - - 4,354 4,354 -
r Net cash flows provided (used) by r pital financing activities _ X270,000} - X235, _ (67,1 06) 447 (4 45 1 8211,? 4
CASH FLOWS FROM CAPITAL AND RELATED. FINANCING ACTIVMES
Acquisition and construction of capital assets (25,379) _ (725,404) . (1,095,864) (623,886) (83,544) (2,553,273) (792,282)
Proceeds from sale of ash _ 123,528
Net cash flows provided (used) by capital and mated financing ads - 379} - - X725 ; 4 J1,095 (823. } }: 83 544 (2,553 _ (666,7543
CASH FLOWS FROM INVESTNG ACTIVITIES w
Interest, on investrn+er is : �: = --=-3 918 - 870 .,� 1 52 847 71,624 �� 48 4,041 29,322 170,062_
- i
Net increase (decrease( in cash aril cash: t i+alants 119,48p ( 2,3# 0 (533; (272,814] 548,7115 ($1,883 ). 272,558 (233,841)
Janua 1 i 199 465 5fl,97Q 1,15 t , : zo68 788 2,464,11 B ' : . 1,380 828 154 $59 8,470 _ 6L836,2%
Cash and cash equivalents ry ., .� _ �.. ., _ -
C ash and egcvaaierts` Deber 31 1 3'l8 525 8 645 1 153 344 2 068 255 2191 302 $ 1.9 ,535 _ 72,996 8 6602 fi5�5►
ReconcUidon of ope np income rret cam
pr* 4�3 bf opory activitiftr
Operating income (loss) 3fi5 98S 47 31 fi 439 34 191 50fi $ . .._. 256,91 fi $ 397 795 _$ S 1,fi49 $ - - 787s305 _ _ $ X595,541?
Adjustments to reconcile operating income (lo_ ss)
to net rash Saws from openong des:
Depreciation 25,431 27,244 579,118 .611,328 553,549 7fi3,53fi - 2,561,208 6311,254
Changes in assets and 'liabilities:
(increase). decrease in receivables 1,577 - 44,719 . (33,078) (48,257) (32,75Q) (2,760) (70,549)
(increase) decrease .in inventories ( 85 , 935 ). - 590 (411) 9,439 - - - (76,717) 7,748
(Imnese) ds nurse in prepaid eXpens .S (918) - ( 319) _ (8 - _ - (1 -
increase (decrease) in paya�e 35,740 1,142 - 10,4fio (2fi,215) (4,061) (1,Sn5) 115,432) (21_'1) (42,333)
Increase (decrease) in accrued expenses 6,417 .524 8,598 - 3 1,548 50U - 21,5611 202,732
Increase (decrease) In deferred revenue 68 - - ( 19,592) (19,524)
Other nonoPecating Income - _ 5 j . 8 13 _ 2, 936 -2�#6 - 387 200 - _ 11,496. �, 37,57fi
Total adjusrnents �, - (1 fl841 }: 29 500 _ B45� 141 547sfi24 494,23 _ 72968# 18 1 92 2 079_ _ 83a.592
Net cash flows provided (used) by operating activities . 142 17 81 B 245,86? $ _ 739130 1 75 t ,113 $ 1 i 27,4 ?f_ $ 43457 3 244 375 25.5 4.51
-_ _
Noncash fiMWjn9.W"v`Mes:
Capital contributions.$ - $ - $ 326,415 $ - $ - $ 1,457 $ 329,577 $
CL Gain on sale of assets - _ _ _ _ 73,036
{ .June 18,: 2v49)p 1 -Fin strn#s 04