HomeMy WebLinkAbout2019-07-04 Summary Financial Report Part 2AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA ) SS COUNTY OF HENNEPIN
Elise Strecker being duly sworn on an oath,
states or affirms that he/she is the Publisher's
Designated Agent of the newspaper(s) known
as:
SC Edina
with the known office of issue being located
in the county of:
HENNEPIN
with additional circulation in the counties of:
HENNEPIN
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 provided
by Minn. Stat. §331A.02.
(B) This Public Notice was printed and pub-
lished in said newspaper(s) once each
week, for 1 successive week(s); the first
insertion being on 07/04/2019 and the last
insertion being on 07/04/2019.
MORTGAGE FORECLOSURE NOTICES
Pursuant to Minnesota Stat. §580.033
relating to the publication of mortgage
foreclosure notices: The newspaper complies
with the conditions described in §580.033,
subd. 1, clause (1) or (2). If the newspaper's
known office of issue is located in a county
adjoining the county where the mortgaged
premises or some part of the mortgaged
premises described in the notice are located,
a substantial portion of the newspaper's
circulation in the lat ount
B
Designated Agent
Subscribed and sworn to or affirmed before
me on 07/04/2019 by Elise Strecker.
fr\noi,e1.4),
Notary Public
"', DARLENE MARIE MACPHERSON
Notary Public
Minnesota
t ° lflly Commission Expires January 31,2024
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Ad ID 952442
(CONTINUED...)CITY OF EDINA, MINNESOTA
SUMMARY FINANCIAL REPORT
Statement of Revenues, Expenses and Changes in Fund Net Position
Proprietary Funds
For The Year Ended December 31, 2018
Utilities
Aquatic
Liquor Center
Golf
Course Arena
Nonmajor
Enterprise
Funds
Total
Enterprise
Funds
Risk
Management
Internal
Service Fund
OPERATING REVENUES:
Sales - liquor $- $13,178,597 $- $17,478 $- $- $13,196,075 $- Sales - retail 223,157 5,583 137,143 72,594 47,457 485,934
Sales - utilities 21,073,548 - - - - 21,073,548
Sales - concessions 121,281 17,829 318,910 167,067 625,087
Memberships 412,365 27,191 137,674 577,230
Admissions - 393,737 494,446 97,823 739,200 1,725,206 Building rental - 64,674 68,207 1,957,334 737,952 2,828,167 -
Rental of equipment - 45,015 7,248 152,447 204,710 -
Greens fees - 266,823 - 223,521 490,344 -
Other fees 1,684,197 - 87 322,041 171,565 1,097,960 3,275,850 902,952
Total operating revenues 22,757,745 13,401.754 997,727 1,396,173 2,625,474 3,303,278 44,482,151 902,952
OPERATING EXPENSES:
Cost of sales and services - 9,461,178 50,705 125,854 119,388 90,717 9,847,842 - Personal services 2,242,552 1,565,574 397,607 770,733 930,417 1,913,163 7,820,046 56,548
Contractual services 8,312,052 534,639 156,134 339,997 987,768 808,767 11,139,357 686,122
Commodities 914,894 61,225 54,518 188,583 108,793 338,834 1,666,847
Central Services 772,507 276,808 34,374 140,414 92,881 204,980 1,521,964 Depreciation 5,169,978 95,735 283,098 626,931 661,389 739,991 7,577,122
Total operating expenses 17,411,983 11,995,159 976,436 2,192,512 2,900,636 4,096,452 39,573,178 742,670 Operating income (loss) 5,345,762 1,406,595 21,291 (796,339) (275,162) (793,174) 4,908,973 160,282
NONOPERATING REVENUES (EXPENSES):
Intergovernmental 473,990 - - - 473,990
Investment income 323,178 25,246 31,001 37,700 1,407 63,222 481,754 11,855 Donations - - - - - 27,955 27,955
Interest and fiscal charges (1,027,296) (30,693) (324,113) (96,192) (1,478,294)
Amortization of bond premiums (discounts) 378,488 10,458 42,562 (16) - 431,492
Gain (loss) on sale of capital assets 15,275 - 9,500 - - 24,775
Miscellaneous (60,277) - - 37.380 4.471 6.357 (12,069) 704.856
Total nonoperating revenues (expenses) 103,358 25,246 10,766 (196,971) (90,330) 97,534 (50,397) 716,711
Income (loss) before transfers 5,449,120 1,431,841 32,057 (993.310) (365,492) (695.640) 4.858,576 876,993 Transfers: - - - - 57,550 - 57,550
Capital contributions from other funds - 906 11,725 15,085 19,106 8,459 55,281
Utility contribution from other funds (93,259) - - - - (93,259)
Utility contribution to other funds - - 100,000 250,000 300,000 650,000
Transfers in (100,000) (800,000) - - (75,000) (975,000)
Transfers out (193,259) (799,094) 11,725 115,085 326,656 233,459 (305,428)
Total contributions and transfers
Change in net position 5,255,861 632,747 43,782 (878,225) (38,836) (462,181) 4,553,148 876,993 Net position - January 1 as previously reported 81,309,084 2,505,569 3,073,590 2,976,007 4,796,805 11,459,587 106,120,642 549,602
Change in accounting principle (8,646) (13,834) - (8,646) (5,188) (10,376) (46,690) -
Net position -January 1 as restated 81,300,438 2,491,735 3,073,590 2,967,361 4,791,617 11,449,211 106,073,952 549,602
Net position - December 31 86 556 299 124 482 3 117 372 2 089 136 4 752 781 '.10 987 030 110 627 100 '.1 426 595 a emen o as ows
Proprietary Funds
For The Year Ended December 31, 2018
Utilities Liquor
Aquatic
Center
Golf
Course Arena
Nonmajor
Enterprise
Funds
Total
Enterprise
Funds
Risk
Management
Internal
Service Fund
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers $21,470,493 $13,390,788 $997,847 $1,412,292 $2,770,696 $3,369,106 $43,411,222 $589,038
Payment to suppliers (10,040,798) (10,770,027) (293,528) (668,030) (1,323,042) (1,439,086) (24,534,511) (813,362)
Payment to employees (2,274,936) (1,606,917) (397,607) (812,325) (947,284) (1,929,986) (7,969,055) (56,548)
Donations received - - - - - 27.955 27,955 -
Net cash provided by (used in) operating
activities 9,154,759 1,013,844 306.712 (68,063) 500.370 27.989 10,935,611 (280.872)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:
State grant 473,990 - - - - - 473,990
Utility contribution from other funds 906 11,725 15,085 19,106 8,459 55,281
Utility contribution to other funds (93,259) - - - - (93,259)
Transfers from other funds 100,000 250,000 300,000 650,000 Transfers to other funds (100,000) (800,000) - (75,000) (975,000) -
Miscellaneous received (60,277) - - 37,380 4,471 6.357 (12,069) 704,856
Net cash provided by (used in) noncapital
financing activities 220.454 (799,094) 11,725 152,465 273,577 239,816 98,943 704,856
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:
Proceeds from capital debt 3,465,152 - - - - 3,465,152 Acquisition of capital assets (5,472,308) (84,692) (1,968,876) - (131,448) (7,657,324) Proceeds from disposals of capital assets 15,275 - 9,500 - 24,775
Principal paid on bonds (4,980,000) (80,000) (185,000) (1,932,000) (7,177,000)
Interest paid on bonds (1,049,101) (34.986) (347,253) (111,953) - (1.543,293)
Net cash provided by (used in) capital and
related financing activities (8,020.982) (199,678) (2,491,629) (2,043,953) (131,448) (12,887,690)
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest received 301.760 23,663 28,721 40,467 1,407 60,223 456,241 9,609
Net increase (decrease) in cash and invest-
ments 1,655,991 238,413 147,480 (2,366,760) (1,268,599) 196,580 (1,396,895) 433,593
Cash and investments -January 1 19,952,061 1,593,310 1,711,475 3,468,170 1,724,435 3,834,418 32.283,869 479,963 Cash and investments - December 31 $21,608,052 $1,831,723 $1,858,955 $1,101,410 $455,836 $4,030,998 $30,886,974 $913,556
Published in the
Sun Current
July 4, 2019
952382, 952442