HomeMy WebLinkAbout2019-07-04 Summary Financial ReportAFFIDAVIT 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 is in the latter county.
Designated Agent
Subscribed and sworn to or affirmed before
me on 07/04/2019 by Elise Strecker.
Notary Public
DARLENE MAME fiAACPHEAWN
Notary Public
Minnesota
Commission Expires January 31, 2024
Rate Information:
(1) Lowest classified rate paid by commercial users
for comparable space:
$34.45 per column inch
Ad ID 952382
CITY OF EDINA, MINNESOTA
SUMMARY FINANCIAL REPORT
The purpose of this report is to provide a summary of financial information concerning the City of Edina to interested citizens. The complete financial statements may be examined at City
Hall, 4801 W. 50th Street, or on the Internet at www.cityofedina.com. Questions about this report should be directed to Kyle Sawyer at (952) 826-0420.
Revenues and Expenditures for General Operations
(Governmental Funds)
Total
2018
Total
2017
Percent
Increase
(Decrease)
REVENUES:
Property taxes $35,613,883 $33,696,550 5.69%
Tax increment collections 4,997,706 3,422,898 46.01%
Franchise taxes 2,559,443 2,408,884 6.25%
Lodging tax 25,298 21,006 20.43%
Special assessments 4,747,205 5,330,766 -10.95%
License and permits 5,912,757 5,403,222 9.43%
Intergovernmental 5,124,573 3,687,262 38.98%
Charges for services 4,898,548 4,917,173 -0.38%
Fines and forfeitures 1,122,426 1,135,986 -1.19%
Investment income 889,550 512,448 73.59%
Miscellaneous 1,622,288 1,253,840 29,39%
Total revenues $67,513,677 $61,790.035 9.26%
Per capita 1,286 1,177 9.26%
EXPENDITURES:
Current:
General government $8,630,290 $7,065,729 22.14%
Public safety 20,323,076 19,233,386 5.67%
Public works 8,682,928 11,524,896 -24.66%
Parks 5,202,962 1,695,397 206.89%
Capital outlay 19,752,836 11,053,212 78.71%
Debt service:
Bond principal 5,523,369 5,496,375 0.49%
Interest and fiscal charges 2.099,594 2,359,551 -11.02%
Total expenditures $70,215,055 $58,428,546 20.17%
Per capita 1,338 1,113 20.17%
Total long-term indebtedness $63,148,476 $75,941,845 -16.85%
Per capita 1,203 1,447 -16.85%
General Fund and Special Revenue Funds
Committed, Assigned, and Unassigned $18,918,592 $17,395,597 8.76%
Per capita 360 331 8.76% Statement of Net Position
Utilities
Proprietary Funds
December 31, 2018
Aquatic
Liquor Center
Golf
Course Arena
Nonmajor
Enterprise
Funds
Total
Enterprise
Funds
Risk
Management
Internal
Service Fund
ASSETS:
Current assets:
Cash and investments $19,797,429 $1,831,723 $1,858,955 $315,420 $455,836 $4,030,998 $28,290,361 $913,556
Restricted cash and investments 1,810,623 - 785,990 - 2,596,613
Interest receivable 63,659 5,821 6,919 3,068 - 14,580 94,047 2,729
Accounts receivable, net 5,219,714 12,297 30 2,220 249,914 28,258 5,512,433 330,442
Special assessments receivable 297,460 - - - - - 297,460
Due from other governments 11,465 - - - 11,465
Prepaid expenses 492,321 - 836 - - 493,157 297,306
Inventory 16,286 1.744.583 - 67,614 - 7,169 1,835.652
Total current assets 27.708.957 3.594,424 1,865,904 1,175,148 705,750 4,081,005 39,131,188 1,544,033
Noncurrent assets:
Net capital assets 97,933,487 1,494,863 2,113,173 12,445,264 8,649,035 8,634,410 131,270,232
Deferred outflows of resources:
OPEB plan deferments 2,710 4,337 - 2,710 1,626 3,252 14,635
Defined benefit pension plans 208,899 208,899 - 119,371 89.528 238,741 865,438
Total deferred outflows of resources: 211,609 213,236 - 122,081 91,154 241,993 880,073
Total assets and deferred outflows of resources 125,854,053 5,302.523 3,979.077 13.742.493 9,445,939 12,957,408 171,281,493 1,544,033
LIABILITIES:
Current liabilities:
Accounts payable 299,048 305,984 4,416 184,620 70,810 92,482 957,360 115,478
Salaries payable 45,020 45,589 27,609 27,702 49,786 195,706 -
Accrued interest payable 455,904 12,667 134,816 36,973 - 640,360
Contracts payable 178,185 14,212 - 229,273 - - 421,670 -
Due to other governments 9,940 148,885 88 5,155 7,358 18,437 189,863 1,960
Unearned revenue - 14,268 - 112,877 8,371 82,949 218,465
Compensated absences payable 53,222 98,929 - 68,320 17,100 54,615 292,186 -
Bonds payable - current 5.685,000 70.000 525.000 254.000 - 6.534,000 -
Total current liabilities 6,726,319 627,867 87,171 1,287.670 422,314 298,269 9,449,610 117,438
Noncurrent liabilities:
Net OPEB obligation 72,331 65,561 - 66,005 33,404 63,080 300,381
Net pension liability 1,040,340 1,040,340 594,480 445,860 1,188,960 4,309,980
Compensated absences payable 79,834 148,394 - 102,479 25,650 81,922 438,279
Bonds payable, net of unamortized discounts 31,083.051 - 774,534 9,433,650 3,639,125 - 44,930,360
Total noncurrent liabilities 32,275,556 1,254,295 774.534 10.196.614 4.144,039 1 333,962 49 979,000
Deferred inflows of resources:
Defined benefit pension plans 295,879 295,879 169,073 126,805 338,147 1,225,783
Total liabilities and deferred inflows of
resources 39,297,754 2,178,041 861.705 11 653,357 4,693,158 1,970,378 60,654,393 117,438
NET POSITION:
Invested in capital assets, net of related debt 62,797,874 1,480,651 1,268,639 3,043,331 4,755,910 8,634,410 81,980,815
Restricted for debt service - 1,360,336 1 ,360 ,336 -
Unrestricted 23,758,425 1,643.831 488.397 (954.195) (3,129) 2.352,620 27.285,949 1,426.595
Total net position 86 556 299 3 124 482 3 117 372 2 089 136 4 752 781 10 987 030 110 627 100 1 426 595
Continued....